diff --git a/reuters/README b/reuters/README
new file mode 100644
index 0000000000000000000000000000000000000000..99404c9a6e2183099e61a992fabce74f28b738b3
--- /dev/null
+++ b/reuters/README
@@ -0,0 +1,53 @@
+
+      The Reuters-21578 benchmark corpus, ApteMod version
+
+This is a publically available version of the well-known Reuters-21578
+"ApteMod" corpus for text categorization.  It has been used in
+publications like these:
+
+ * Yiming Yang and X. Liu. "A re-examination of text categorization
+   methods".  1999.  Proceedings of 22nd Annual International SIGIR.
+   http://citeseer.nj.nec.com/yang99reexamination.html
+
+ * Thorsten Joachims. "Text categorization with support vector
+   machines: learning with many relevant features".  1998. Proceedings
+   of ECML-98, 10th European Conference on Machine Learning.
+   http://citeseer.nj.nec.com/joachims98text.html
+
+ApteMod is a collection of 10,788 documents from the Reuters financial
+newswire service, partitioned into a training set with 7769 documents
+and a test set with 3019 documents.  The total size of the corpus is
+about 43 MB.  It is also available for download from
+http://kdd.ics.uci.edu/databases/reuters21578/reuters21578.html ,
+which includes a more extensive history of the data revisions.
+
+The distribution of categories in the ApteMod corpus is highly skewed,
+with 36.7% of the documents in the most common category, and only
+0.0185% (2 documents) in each of the five least common categories.
+In fact, the original data source is even more skewed---in creating
+the corpus, any categories that did not contain at least one document
+in the training set and one document in the test set were removed from
+the corpus by its original creator.
+
+In the ApteMod corpus, each document belongs to one or more
+categories.  There are 90 categories in the corpus.  The average
+number of categories per document is 1.235, and the average number of
+documents per category is about 148, or 1.37% of the corpus.
+
+ -Ken Williams
+  ken@mathforum.org
+
+         Copyright & Notification 
+
+(extracted from the README at the UCI address above)
+
+The copyright for the text of newswire articles and Reuters
+annotations in the Reuters-21578 collection resides with Reuters Ltd.
+Reuters Ltd. and Carnegie Group, Inc. have agreed to allow the free
+distribution of this data *for research purposes only*.  
+
+If you publish results based on this data set, please acknowledge
+its use, refer to the data set by the name "Reuters-21578,
+Distribution 1.0", and inform your readers of the current location of
+the data set (see "Availability & Questions").
+
diff --git a/reuters/cats.txt b/reuters/cats.txt
new file mode 100644
index 0000000000000000000000000000000000000000..284835ed975fa4c768e3d5c8a7437bffe3d26be0
--- /dev/null
+++ b/reuters/cats.txt
@@ -0,0 +1,10788 @@
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diff --git a/reuters/stopwords b/reuters/stopwords
new file mode 100644
index 0000000000000000000000000000000000000000..76525dc39a9810c575b71ea2459f8b72c6953525
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+thoroughly
+those
+though
+three
+through
+throughout
+thru
+thus
+to
+together
+too
+took
+toward
+towards
+tried
+tries
+truly
+try
+trying
+twice
+two
+u
+un
+under
+unfortunately
+unless
+unlikely
+until
+unto
+up
+upon
+us
+use
+used
+useful
+uses
+using
+usually
+uucp
+v
+value
+various
+very
+via
+viz
+vs
+w
+want
+wants
+was
+wasn't
+way
+we
+we'd
+we'll
+we're
+we've
+welcome
+well
+went
+were
+weren't
+what
+what's
+whatever
+when
+whence
+whenever
+where
+where's
+whereafter
+whereas
+whereby
+wherein
+whereupon
+wherever
+whether
+which
+while
+whither
+who
+who's
+whoever
+whole
+whom
+whose
+why
+will
+willing
+wish
+with
+within
+without
+won't
+wonder
+would
+would
+wouldn't
+x
+y
+yes
+yet
+you
+you'd
+you'll
+you're
+you've
+your
+yours
+yourself
+yourselves
+z
+zero
diff --git a/reuters/test/14826 b/reuters/test/14826
new file mode 100644
index 0000000000000000000000000000000000000000..aa1cc4c7fd57f1289b0a94d177d55a6d35e2ef63
--- /dev/null
+++ b/reuters/test/14826
@@ -0,0 +1,86 @@
+ASIAN EXPORTERS FEAR DAMAGE FROM U.S.-JAPAN RIFT
+  Mounting trade friction between the
+  U.S. And Japan has raised fears among many of Asia's exporting
+  nations that the row could inflict far-reaching economic
+  damage, businessmen and officials said.
+      They told Reuter correspondents in Asian capitals a U.S.
+  Move against Japan might boost protectionist sentiment in the
+  U.S. And lead to curbs on American imports of their products.
+      But some exporters said that while the conflict would hurt
+  them in the long-run, in the short-term Tokyo's loss might be
+  their gain.
+      The U.S. Has said it will impose 300 mln dlrs of tariffs on
+  imports of Japanese electronics goods on April 17, in
+  retaliation for Japan's alleged failure to stick to a pact not
+  to sell semiconductors on world markets at below cost.
+      Unofficial Japanese estimates put the impact of the tariffs
+  at 10 billion dlrs and spokesmen for major electronics firms
+  said they would virtually halt exports of products hit by the
+  new taxes.
+      "We wouldn't be able to do business," said a spokesman for
+  leading Japanese electronics firm Matsushita Electric
+  Industrial Co Ltd <MC.T>.
+      "If the tariffs remain in place for any length of time
+  beyond a few months it will mean the complete erosion of
+  exports (of goods subject to tariffs) to the U.S.," said Tom
+  Murtha, a stock analyst at the Tokyo office of broker <James
+  Capel and Co>.
+      In Taiwan, businessmen and officials are also worried.
+      "We are aware of the seriousness of the U.S. Threat against
+  Japan because it serves as a warning to us," said a senior
+  Taiwanese trade official who asked not to be named.
+      Taiwan had a trade trade surplus of 15.6 billion dlrs last
+  year, 95 pct of it with the U.S.
+      The surplus helped swell Taiwan's foreign exchange reserves
+  to 53 billion dlrs, among the world's largest.
+      "We must quickly open our markets, remove trade barriers and
+  cut import tariffs to allow imports of U.S. Products, if we
+  want to defuse problems from possible U.S. Retaliation," said
+  Paul Sheen, chairman of textile exporters <Taiwan Safe Group>.
+      A senior official of South Korea's trade promotion
+  association said the trade dispute between the U.S. And Japan
+  might also lead to pressure on South Korea, whose chief exports
+  are similar to those of Japan.
+      Last year South Korea had a trade surplus of 7.1 billion
+  dlrs with the U.S., Up from 4.9 billion dlrs in 1985.
+      In Malaysia, trade officers and businessmen said tough
+  curbs against Japan might allow hard-hit producers of
+  semiconductors in third countries to expand their sales to the
+  U.S.
+      In Hong Kong, where newspapers have alleged Japan has been
+  selling below-cost semiconductors, some electronics
+  manufacturers share that view. But other businessmen said such
+  a short-term commercial advantage would be outweighed by
+  further U.S. Pressure to block imports.
+      "That is a very short-term view," said Lawrence Mills,
+  director-general of the Federation of Hong Kong Industry.
+      "If the whole purpose is to prevent imports, one day it will
+  be extended to other sources. Much more serious for Hong Kong
+  is the disadvantage of action restraining trade," he said.
+      The U.S. Last year was Hong Kong's biggest export market,
+  accounting for over 30 pct of domestically produced exports.
+      The Australian government is awaiting the outcome of trade
+  talks between the U.S. And Japan with interest and concern,
+  Industry Minister John Button said in Canberra last Friday.
+      "This kind of deterioration in trade relations between two
+  countries which are major trading partners of ours is a very
+  serious matter," Button said.
+      He said Australia's concerns centred on coal and beef,
+  Australia's two largest exports to Japan and also significant
+  U.S. Exports to that country.
+      Meanwhile U.S.-Japanese diplomatic manoeuvres to solve the
+  trade stand-off continue.
+      Japan's ruling Liberal Democratic Party yesterday outlined
+  a package of economic measures to boost the Japanese economy.
+      The measures proposed include a large supplementary budget
+  and record public works spending in the first half of the
+  financial year.
+      They also call for stepped-up spending as an emergency
+  measure to stimulate the economy despite Prime Minister
+  Yasuhiro Nakasone's avowed fiscal reform program.
+      Deputy U.S. Trade Representative Michael Smith and Makoto
+  Kuroda, Japan's deputy minister of International Trade and
+  Industry (MITI), are due to meet in Washington this week in an
+  effort to end the dispute.
+  
+
diff --git a/reuters/test/14828 b/reuters/test/14828
new file mode 100644
index 0000000000000000000000000000000000000000..116b6e9080d0b8e6b71051f5a6bf6e77c26928cc
--- /dev/null
+++ b/reuters/test/14828
@@ -0,0 +1,14 @@
+CHINA DAILY SAYS VERMIN EAT 7-12 PCT GRAIN STOCKS
+  A survey of 19 provinces and seven cities
+  showed vermin consume between seven and 12 pct of China's grain
+  stocks, the China Daily said.
+      It also said that each year 1.575 mln tonnes, or 25 pct, of
+  China's fruit output are left to rot, and 2.1 mln tonnes, or up
+  to 30 pct, of its vegetables. The paper blamed the waste on
+  inadequate storage and bad preservation methods.
+      It said the government had launched a national programme to
+  reduce waste, calling for improved technology in storage and
+  preservation, and greater production of additives. The paper
+  gave no further details.
+  
+
diff --git a/reuters/test/14829 b/reuters/test/14829
new file mode 100644
index 0000000000000000000000000000000000000000..268761d59d9d16452dd9fe855a8d1bb702ee41aa
--- /dev/null
+++ b/reuters/test/14829
@@ -0,0 +1,22 @@
+JAPAN TO REVISE LONG-TERM ENERGY DEMAND DOWNWARDS
+  The Ministry of International Trade and
+  Industry (MITI) will revise its long-term energy supply/demand
+  outlook by August to meet a forecast downtrend in Japanese
+  energy demand, ministry officials said.
+      MITI is expected to lower the projection for primary energy
+  supplies in the year 2000 to 550 mln kilolitres (kl) from 600
+  mln, they said.
+      The decision follows the emergence of structural changes in
+  Japanese industry following the rise in the value of the yen
+  and a decline in domestic electric power demand.
+      MITI is planning to work out a revised energy supply/demand
+  outlook through deliberations of committee meetings of the
+  Agency of Natural Resources and Energy, the officials said.
+      They said MITI will also review the breakdown of energy
+  supply sources, including oil, nuclear, coal and natural gas.
+      Nuclear energy provided the bulk of Japan's electric power
+  in the fiscal year ended March 31, supplying an estimated 27
+  pct on a kilowatt/hour basis, followed by oil (23 pct) and
+  liquefied natural gas (21 pct), they noted.
+  
+
diff --git a/reuters/test/14832 b/reuters/test/14832
new file mode 100644
index 0000000000000000000000000000000000000000..47867972f55fab53a5f41d30e402f09dc46faa13
--- /dev/null
+++ b/reuters/test/14832
@@ -0,0 +1,20 @@
+THAI TRADE DEFICIT WIDENS IN FIRST QUARTER
+  Thailand's trade deficit widened to 4.5
+  billion baht in the first quarter of 1987 from 2.1 billion a
+  year ago, the Business Economics Department said.
+      It said Janunary/March imports rose to 65.1 billion baht
+  from 58.7 billion. Thailand's improved business climate this
+  year resulted in a 27 pct increase in imports of raw materials
+  and semi-finished products.
+      The country's oil import bill, however, fell 23 pct in the
+  first quarter due to lower oil prices.
+      The department said first quarter exports expanded to 60.6
+  billion baht from 56.6 billion.
+      Export growth was smaller than expected due to lower
+  earnings from many key commodities including rice whose
+  earnings declined 18 pct, maize 66 pct, sugar 45 pct, tin 26
+  pct and canned pineapples seven pct.
+      Products registering high export growth were jewellery up
+  64 pct, clothing 57 pct and rubber 35 pct.
+  
+
diff --git a/reuters/test/14833 b/reuters/test/14833
new file mode 100644
index 0000000000000000000000000000000000000000..267e23cdc12aacc0984596b4adbc3798cfc34f12
--- /dev/null
+++ b/reuters/test/14833
@@ -0,0 +1,21 @@
+INDONESIA SEES CPO PRICE RISING SHARPLY
+  Indonesia expects crude palm oil (CPO)
+  prices to rise sharply to between 450 and 550 dlrs a tonne FOB
+  sometime this year because of better European demand and a fall
+  in Malaysian output, Hasrul Harahap, junior minister for tree
+  crops, told Indonesian reporters.
+      Prices of Malaysian and Sumatran CPO are now around 332
+  dlrs a tonne CIF for delivery in Rotterdam, traders said.
+      Harahap said Indonesia would maintain its exports, despite
+  making recent palm oil purchases from Malaysia, so that it
+  could possibly increase its international market share.
+      Indonesia, the world's second largest producer of palm oil
+  after Malaysia, has been forced to import palm oil to ensure
+  supplies during the Moslem fasting month of Ramadan.
+      Harahap said it was better to import to cover a temporary
+  shortage than to lose export markets.
+      Indonesian exports of CPO in calendar 1986 were 530,500
+  tonnes, against 468,500 in 1985, according to central bank
+  figures.
+  
+
diff --git a/reuters/test/14839 b/reuters/test/14839
new file mode 100644
index 0000000000000000000000000000000000000000..1459362b7b689c07ae167833b983d8ebd6815e35
--- /dev/null
+++ b/reuters/test/14839
@@ -0,0 +1,24 @@
+AUSTRALIAN FOREIGN SHIP BAN ENDS BUT NSW PORTS HIT
+  Tug crews in New South Wales (NSW),
+  Victoria and Western Australia yesterday lifted their ban on
+  foreign-flag ships carrying containers but NSW ports are still
+  being disrupted by a separate dispute, shipping sources said.
+      The ban, imposed a week ago over a pay claim, had prevented
+  the movement in or out of port of nearly 20 vessels, they said.
+      The pay dispute went before a hearing of the Arbitration
+  Commission today.
+      Meanwhile, disruption began today to cargo handling in the
+  ports of Sydney, Newcastle and Port Kembla, they said.
+      The industrial action at the NSW ports is part of the week
+  of action called by the NSW Trades and Labour Council to
+  protest changes to the state's workers' compensation laws.
+      The shipping sources said the various port unions appear to
+  be taking it in turn to work for a short time at the start of
+  each shift and then to walk off.
+      Cargo handling in the ports has been disrupted, with
+  container movements most affected, but has not stopped
+  altogether, they said.
+      They said they could not say how long the disruption will
+  go on and what effect it will have on shipping movements.
+  
+
diff --git a/reuters/test/14840 b/reuters/test/14840
new file mode 100644
index 0000000000000000000000000000000000000000..9d966b0f89dc3f335287508c0d922b82c4ecb4bc
--- /dev/null
+++ b/reuters/test/14840
@@ -0,0 +1,48 @@
+INDONESIAN COMMODITY EXCHANGE MAY EXPAND
+  The Indonesian Commodity Exchange is
+  likely to start trading in at least one new commodity, and
+  possibly two, during calendar 1987, exchange chairman Paian
+  Nainggolan said.
+      He told Reuters in a telephone interview that trading in
+  palm oil, sawn timber, pepper or tobacco was being considered.
+      Trading in either crude palm oil (CPO) or refined palm oil
+  may also be introduced. But he said the question was still
+  being considered by Trade Minister Rachmat Saleh and no
+  decision on when to go ahead had been made.
+      The fledgling exchange currently trades coffee and rubber
+  physicals on an open outcry system four days a week.
+      "Several factors make us move cautiously," Nainggolan said.
+  "We want to move slowly and safely so that we do not make a
+  mistake and undermine confidence in the exchange."
+      Physical rubber trading was launched in 1985, with coffee
+  added in January 1986. Rubber contracts are traded FOB, up to
+  five months forward. Robusta coffee grades four and five are
+  traded for prompt delivery and up to five months forward,
+  exchange officials said.
+      The trade ministry and exchange board are considering the
+  introduction of futures trading later for rubber, but one
+  official said a feasibility study was needed first. No
+  decisions are likely until after Indonesia's elections on April
+  23, traders said.
+      Trade Minister Saleh said on Monday that Indonesia, as the
+  world's second largest producer of natural rubber, should
+  expand its rubber marketing effort and he hoped development of
+  the exchange would help this.
+      Nainggolan said that the exchange was trying to boost
+  overseas interest by building up contacts with end-users.
+      He said teams had already been to South Korea and Taiwan to
+  encourage direct use of the exchange, while a delegation would
+  also visit Europe, Mexico and some Latin American states to
+  encourage participation.
+      Officials say the infant exchange has made a good start
+  although trading in coffee has been disappointing.
+      Transactions in rubber between the start of trading in
+  April 1985 and December 1986 totalled 9,595 tonnes, worth 6.9
+  mln dlrs FOB, plus 184.3 mln rupiah for rubber delivered
+  locally, the latest exchange report said.
+       Trading in coffee in calendar 1986 amounted to only 1,905
+  tonnes in 381 lots, valued at 6.87 billion rupiah.
+       Total membership of the exchange is now nine brokers and
+  44 traders.
+  
+
diff --git a/reuters/test/14841 b/reuters/test/14841
new file mode 100644
index 0000000000000000000000000000000000000000..42a75e5b15a2583e67cbdd8162152bf6d810b3cd
--- /dev/null
+++ b/reuters/test/14841
@@ -0,0 +1,8 @@
+SRI LANKA GETS USDA APPROVAL FOR WHEAT PRICE
+  Food Department officials said the U.S.
+  Department of Agriculture approved the Continental Grain Co
+  sale of 52,500 tonnes of soft wheat at 89 U.S. Dlrs a tonne C
+  and F from Pacific Northwest to Colombo.
+      They said the shipment was for April 8 to 20 delivery.
+  
+
diff --git a/reuters/test/14842 b/reuters/test/14842
new file mode 100644
index 0000000000000000000000000000000000000000..67adcbe7301789fc347bfa4901a601bb52fe21f6
--- /dev/null
+++ b/reuters/test/14842
@@ -0,0 +1,14 @@
+WESTERN MINING TO OPEN NEW GOLD MINE IN AUSTRALIA
+  Western Mining Corp Holdings Ltd
+  <WMNG.S> (WMC) said it will establish a new joint venture gold
+  mine in the Northern Territory at a cost of about 21 mln dlrs.
+      The mine, to be known as the Goodall project, will be owned
+  60 pct by WMC and 40 pct by a local W.R. Grace and Co <GRA>
+  unit. It is located 30 kms east of the Adelaide River at Mt.
+  Bundey, WMC said in a statement
+      It said the open-pit mine, with a conventional leach
+  treatment plant, is expected to produce about 50,000 ounces of
+  gold in its first year of production from mid-1988. Annual ore
+  capacity will be about 750,000 tonnes.
+  
+
diff --git a/reuters/test/14843 b/reuters/test/14843
new file mode 100644
index 0000000000000000000000000000000000000000..790012e751c769430f555a8b42d80f2816cd0217
--- /dev/null
+++ b/reuters/test/14843
@@ -0,0 +1,82 @@
+SUMITOMO BANK AIMS AT QUICK RECOVERY FROM MERGER
+  Sumitomo Bank Ltd <SUMI.T> is certain to
+  lose its status as Japan's most profitable bank as a result of
+  its merger with the Heiwa Sogo Bank, financial analysts said.
+      Osaka-based Sumitomo, with desposits of around 23.9
+  trillion yen, merged with Heiwa Sogo, a small, struggling bank
+  with an estimated 1.29 billion dlrs in unrecoverable loans, in
+  October.
+      But despite the link-up, Sumitomo President Koh Komatsu
+  told Reuters he is confident his bank can quickly regain its
+  position.
+      "We'll be back in position in first place within three
+  years," Komatsu said in an interview.
+      He said that while the merger will initially reduce
+  Sumitomo's profitability and efficiency, it will vastly expand
+  Sumitomo's branch network in the Tokyo metropolitan area where
+  it has been relatively weak.
+      But financial analysts are divided on whether and how
+  quickly the gamble will pay off.
+      Some said Sumitomo may have paid too much for Heiwa Sogo in
+  view of the smaller bank's large debts. Others argue the merger
+  was more cost effective than creating a comparable branch
+  network from scratch.
+      The analysts agreed the bank was aggressive. It has
+  expanded overseas, entered the lucrative securities business
+  and geared up for domestic competition, but they questioned the
+  wisdom of some of those moves.
+      "They've made bold moves to put everything in place. Now
+  it's largely out of their hands," said Kleinwort Benson Ltd
+  financial analyst Simon Smithson.
+      Among Sumitomo's problems are limits placed on its move to
+  enter U.S. Securities business by taking a share in American
+  investment bank Goldman, Sachs and Co.
+      Sumitomo last August agreed to pay 500 mln dlrs for a 12.5
+  pct limited partnership in the bank, but for the time being at
+  least, the Federal Reserve Board has forbidden them to exchange
+  personnel, or increase the business they do with each other.
+      "The tie-up is widely looked on as a lame duck because the
+  Fed was stricter than Sumitomo expected," said one analyst.
+      But Komatsu said the move will pay off in time.
+      "U.S. Regulations will change in the near future and if so,
+  we can do various things. We only have to wait two or three
+  years, not until the 21st century," Komatsu said.
+      Komatsu is also willing to be patient about possible routes
+  into the securities business at home.
+      Article 65 of the Securities and Exchange Act, Japan's
+  version of the U.S. Glass-Steagall Act, separates commercial
+  from investment banking.
+      But the walls between the two are crumbling and Komatsu
+  said he hopes further deregulation will create new
+  opportunities.
+      "We need to find new business chances," Komatsu said. "In some
+  cases these will be securities related, in some cases trust
+  bank related. That's the kind of deregulation we want."
+      Until such changes occur, Sumitomo will focus on such
+  domestic securities business as profitable government bond
+  dealing and strengthening relations with Meiko Securities Co
+  Ltd, in which it holds a five pct share, Komatsu said.
+      He said Sumitomo is cautiously optimistic about entering
+  the securities business here through its Swiss universal bank
+  subsidiary, Banca del Gottardo.
+       The Finance Ministry is expected to grant licences to
+  securities subsidiaries of U.S. Commercial banks soon,
+  following a similar decision for subsidiaries of European
+  universal banks in which the parent holds a less than 50 pct.
+      But Komatsu is reluctant to push hard for a similar
+  decision on a Gottardo subsidiary.
+      "We don't want to make waves. We expect this will be allowed
+  in two or three years," he said.
+      Like other city banks, Sumitomo is also pushing to expand
+  lending to individuals and small and medium businesses to
+  replace disappearing demand from big business, he added.
+      The analysts said Sumitomo will have to devote a lot of
+  time to digesting its most recent initiatives, including the
+  merger with ailing Heiwa Sogo.
+      "It's (Sumitomo) been bold in its strategies," said
+  Kleinwort's Smithson.
+      "After that, it's a question of absorbing and juggling
+  around. It will be the next decade before we see if the
+  strategy is right or wrong."
+  
+
diff --git a/reuters/test/14844 b/reuters/test/14844
new file mode 100644
index 0000000000000000000000000000000000000000..32e4c86fae0d9165a0bd3daec3f863041e949e6c
--- /dev/null
+++ b/reuters/test/14844
@@ -0,0 +1,14 @@
+SUBROTO SAYS INDONESIA SUPPORTS TIN PACT EXTENSION
+  Mines and Energy Minister Subroto
+  confirmed Indonesian support for an extension of the sixth
+  International Tin Agreement (ITA), but said a new pact was not
+  necessary.
+      Asked by Reuters to clarify his statement on Monday in
+  which he said the pact should be allowed to lapse, Subroto said
+  Indonesia was ready to back extension of the ITA.
+      "We can support extension of the sixth agreement," he said.
+  "But a seventh accord we believe to be unnecessary."
+      The sixth ITA will expire at the end of June unless a
+  two-thirds majority of members vote for an extension.
+  
+
diff --git a/reuters/test/14849 b/reuters/test/14849
new file mode 100644
index 0000000000000000000000000000000000000000..6cdc717563f0cfd5ed8d42727756355b827fb9aa
--- /dev/null
+++ b/reuters/test/14849
@@ -0,0 +1,32 @@
+BUNDESBANK ALLOCATES 6.1 BILLION MARKS IN TENDER
+  The Bundesbank accepted bids for 6.1
+  billion marks at today's tender for a 28-day securities
+  repurchase pact at a fixed rate of 3.80 pct, a central bank
+  spokesman said.
+      Banks, which bid for a total 12.2 billion marks liquidity,
+  will be credited with the funds allocated today and must buy
+  back securities pledged on May 6.
+      Some 14.9 billion marks will drain from the market today as
+  an earlier pact expires, so the Bundesbank is effectively
+  withdrawing a net 8.1 billion marks from the market with
+  today's allocation.
+      A Bundesbank spokesman said in answer to enquiries that the
+  withdrawal of funds did not reflect a tightening of credit
+  policy, but was to be seen in the context of plentiful
+  liquidity in the banking system.
+      Banks held an average 59.3 billion marks at the Bundesbank
+  over the first six days of the month, well clear of the likely
+  April minimum reserve requirement of 51 billion marks.
+      The Bundesbank spokesman noted that by bidding only 12.2
+  billion marks, below the outgoing 14.9 billion, banks
+  themselves had shown they felt they had plenty of liquidity.
+      Dealers said the Bundesbank is keen to prevent too much
+  liquidity accruing in the market, as that would blunt the
+  effectiveness of the security repurchase agreement, its main
+  open-market instrument for steering market interest rates. Two
+  further pacts are likely this month over the next two weeks.
+      The Bundesbank is currently steering call money between 3.6
+  and 3.8 pct, although short-term fluctuations outside that
+  range are possible, dealers said.
+  
+
diff --git a/reuters/test/14852 b/reuters/test/14852
new file mode 100644
index 0000000000000000000000000000000000000000..899555408ff03d68af11bcfa95471aa7c7a9fc52
--- /dev/null
+++ b/reuters/test/14852
@@ -0,0 +1,33 @@
+BOND CORP STILL CONSIDERING ATLAS MINING BAIL-OUT
+  Bond Corp Holdings Ltd <BONA.S> and Atlas
+  Consolidated Mining and Development Corp <ATLC.MN> are still
+  holding talks on a bail-out package for the troubled mining
+  firm, an Atlas statement said.
+      Atlas, the Philippines' biggest copper producer, said it
+  had been hit by depressed world copper prices. It reported a
+  net loss of 976.38 mln pesos in the year ending December 1986,
+  compared with a net loss of 1.53 billion in 1985.
+      The company said it had been able to cut its losses because
+  its scaled-down copper operations in the central island of Cebu
+  started in the second half of 1986.
+      Atlas said negotiations were continuing on the acquisition
+  by Bond of the company's existing bank loans and their
+  restructuring into a gold loan.
+      A memorandum of understanding signed by the two sides in
+  October last year said Bond would acquire Atlas' total loans of
+  275 mln dlrs, to be repaid by the mining company in gold.
+      Atlas said the two sides were also discussing equity
+  infusion into Atlas and the creation of a development fund for
+  further exploration and development of the company's gold
+  properties in the central province of Masbate.
+      Wilson Banks, general manager of <Bond Corp International
+  Ltd> in Hong Kong, told Reuters the Atlas statement on the
+  negotiations was "reasonably accurate."
+      Banks said Bond Corp was seriously considering several
+  investments in the Philippines but did not give details.
+      In its statement, Atlas said development of the pre-World
+  War Two underground mines in Masbate had been accelerated and
+  the ore tonnage had increased, extending the operation's life
+  at least until 1993.
+  
+
diff --git a/reuters/test/14854 b/reuters/test/14854
new file mode 100644
index 0000000000000000000000000000000000000000..8a8ddd3c800ffae76220576bd8865114df7756b3
--- /dev/null
+++ b/reuters/test/14854
@@ -0,0 +1,14 @@
+CHINA INDUSTRIAL OUTPUT RISES IN FIRST QUARTER
+  China's industrial output rose 14.1 pct
+  in the first quarter of 1987 against the same 1986 period, the
+  People's Daily said.
+      Its overseas edition said the growth rate, which compares
+  with a target of seven pct for the whole of 1987, was "rather
+  high" but the base in the first quarter of 1986 was on the low
+  side. Industrial output grew 4.4 pct in the first quarter of
+  1986.
+      It said China's industrial production this year has been
+  normal but product quality and efficiency need further
+  improvement. It gave no further details.
+  
+
diff --git a/reuters/test/14858 b/reuters/test/14858
new file mode 100644
index 0000000000000000000000000000000000000000..67d8669fa85ea7cbab771f02cff116777503f098
--- /dev/null
+++ b/reuters/test/14858
@@ -0,0 +1,55 @@
+JAPAN MINISTRY SAYS OPEN FARM TRADE WOULD HIT U.S.
+  Japan's Agriculture Ministry, angered by
+  U.S. Demands that Japan open its farm products market, will
+  tell U.S. Officials at talks later this month that
+  liberalisation would harm existing U.S. Farm exports to Japan,
+  a senior ministry official said.
+      "Imports from the U.S. Would drop due to active sales drives
+  by other suppliers," the official, who declined to be named,
+  said. "Japan is the largest customer for U.S. Farm products and
+  it is not reasonable for the U.S. To demand Japan liberalise
+  its farm import market," he said.
+      Agriculture Minister Mutsuki Kato has said if the U.S.
+  Insists Japan open its protected rice market it will also open
+  its wheat market, where volume and origin are regulated to
+  protect local farmers.
+      Australia and Canada could then increase their wheat
+  exports as they are more competitive than the U.S., He said.
+  End-users would also buy other origins, grain traders said.
+      U.S. Agriculture Secretary Richard Lyng, who is due to
+  visit Japan for talks between April 16-27, has said he will ask
+  Japan to offer a share of its rice market to U.S. Suppliers and
+  remove quotas on U.S. Beef and citrus imports.
+      Other countries are already cutting into the U.S. Market
+  share here. Australia, the largest beef supplier to Japan, has
+  been trying to boost exports prior to the expiry of a four-year
+  beef accord next March 31.
+      Imports of U.S. Corn have fallen due to increased sales
+  from China and South America, while Japanese soybean imports
+  from Brazil are expected to rise sharply this year, although
+  the U.S. Will remain the largest supplier.
+      U.S. Feedgrain sales will also drop if Japan opens up its
+  beef imports, since Japan depends almost entirely on feedgrain
+  imports, mainly from the U.S., Japanese officials said.
+      An indication of the U.S. Position came last December when
+  Under Secretary of Agriculture Daniel Amstutz said Japan has
+  the potential to provide one of the largest boosts to U.S.
+  Agricultural exports, with the beef market alone representing
+  some one billion dlrs in new business.
+      The U.S. Has also asked the General Agreement on Tariffs
+  and Trade to investigate the legality of Japanese import
+  controls on 12 other farm products, including fruit juices,
+  purees and pulp, tomato juice, ketchup and sauce, peanuts,
+  prepared beef products and miscellaneous beans.
+      To help calm heated trade relations with the U.S., Japan's
+  top business group Keidanren has urged the government to remove
+  residual import restrictions on agricultural products.
+      But Agriculture Minister Kato has ruled out any emotional
+  reaction, and the senior ministry official said the farm issue
+  should not become a scapegoat for trade pressure in the
+  industrial sector.
+      "Japan is the largest buyer of U.S. Farm products, and these
+  issues should not be discussed on the same table," the official
+  said.
+  
+
diff --git a/reuters/test/14859 b/reuters/test/14859
new file mode 100644
index 0000000000000000000000000000000000000000..1fdcde4078a47daa9e9e2520b9815b05bf5c2b00
--- /dev/null
+++ b/reuters/test/14859
@@ -0,0 +1,14 @@
+AMATIL PROPOSES TWO-FOR-FIVE BONUS SHARE ISSUE
+  Amatil Ltd <AMAA.S> said it proposes to
+  make a two-for-five bonus issue out of its revaluation reserve
+  to shareholders registered May 26.
+      Shareholders will be asked to approve the issue and an
+  increase in authorised capital to 175 mln shares from 125 mln
+  at a general meeting on May 1, it said in a statement.
+      The new shares will rank for dividends declared after
+  October 31. Amatil, in which B.A.T. Industries Plc <BTI.L>
+  holds a 41 pct stake, said it does not expect to maintain its
+  latest annual dividend rate of 29 cents a share on the enlarged
+  capital.
+  
+
diff --git a/reuters/test/14860 b/reuters/test/14860
new file mode 100644
index 0000000000000000000000000000000000000000..d17be15de7650599a279ca84ce5b3dbae44ab878
--- /dev/null
+++ b/reuters/test/14860
@@ -0,0 +1,17 @@
+BOWATER 1986 PRETAX PROFITS RISE 15.6 MLN STG
+  Shr 27.7p vs 20.7p
+      Div 6.0p vs 5.5p making 10.0p vs 9.25p
+      Turnover 1.34 billion stg vs 1.29 billion
+      Pretax profit 48.0 mln vs 32.4 mln
+      Tax 14.4 mln vs 6.9 mln
+      Company name is Bowater Industries Plc <BWTR.L>
+      Trading profit 63.4 mln vs 45.1 mln
+      Trading profit includes -
+      Packaging and associated products 23.2 mln vs 14.2 mln
+      Merchanting and services 18.4 mln vs 9.6 mln
+      Tissue and timber products 9.0 mln vs 5.8 mln
+      Interest debit 15.4 mln vs 12.7 mln
+      Minority interests 7.0 mln debit vs 6.2 mln debit
+      Extraordinary items 15.4 mln credit vs 11.9 mln debit
+  
+
diff --git a/reuters/test/14861 b/reuters/test/14861
new file mode 100644
index 0000000000000000000000000000000000000000..70d8dd44a563e3d83278a0b9d91672ddec370d65
--- /dev/null
+++ b/reuters/test/14861
@@ -0,0 +1,13 @@
+U.K. MONEY MARKET DEFICIT FORECAST AT 250 MLN STG
+  The Bank of England said it forecast a
+  shortage of around 250 mln stg in the money market today.
+      Among the main factors affecting liquidity, bills maturing
+  in official hands and the take-up of treasury bills will drain
+  some 505 mln stg, while bills for repurchase by the market will
+  remove around 194 mln. In addition, a rise in note circulation
+  and bankers' balances below target will each drain around 110
+  mln stg.
+      Partly offsetting these outflows, exchequer transactions
+  will add some 690 mln stg to the system today.
+  
+
diff --git a/reuters/test/14862 b/reuters/test/14862
new file mode 100644
index 0000000000000000000000000000000000000000..171caecae532c67601ac9a9baf9df4b3ec6945b6
--- /dev/null
+++ b/reuters/test/14862
@@ -0,0 +1,50 @@
+SOUTH KOREA MOVES TO SLOW GROWTH OF TRADE SURPLUS
+  South Korea's trade surplus is growing too
+  fast and the government has started taking steps to slow it
+  down, Deputy Prime Minister Kim Mahn-je said.
+      He told a press conference the government planned to
+  increase investment, speed up the opening of the local market
+  to foreign imports and gradually adjust its currency to hold
+  the surplus "at a proper level."
+      But he said the government would not allow the won to
+  appreciate too much in a short period of time. South Korea has
+  been under pressure from Washington to revalue the won.
+      The U.S. Wants South Korea to cut its trade surplus with
+  the U.S., Which rose to 7.4 billion dlrs in 1986 from 4.3
+  billion dlrs in 1985.
+      Kim, who is also economic planning minister, said prospects
+  were bright for the South Korean economy, but the government
+  would try to hold the current account surplus to around five
+  billion dlrs a year for the next five years.
+      "Our government projections of eight pct GNP growth, five
+  billion dlrs of (current account) surplus and 12 pct growth in
+  exports all seemed to be reasonable early this year. But now
+  the surplus is growing faster than we expected," he said.
+      Trade ministry officials said South Korea's exports rose 35
+  pct to 9.34 billion dlrs in the first three months of this
+  year, while imports rose only 8.5 pct to 8.2 billion dlrs.
+      Kim said the swing of South Korea's current account to a
+  surplus of 4.65 billion dlrs in 1986 from an 890 mln dlr
+  deficit in 1985 was very significant. The surplus enabled the
+  country to reduce its foreign debt last year for the first
+  time.
+      South Korea's foreign debt, which fell to 44.5 billion dlrs
+  in 1986 from 46.8 billion in 1985, is still among the largest
+  in Asia.
+      "This huge amount of our foreign debt has been one of the
+  major constraints on our development... Last year was a major
+  turning point for the Korean economy," Kim said.
+      Kim said his government plannned to reduce the ratio of
+  foreign debt to the country's GNP to about 20 pct in 1991, from
+  about 50 pct in 1986.
+      "The government, however, does not want to accelerate
+  reducing the debt by making an excessive trade surplus," he
+  said.
+      Kim said a sudden rise in the surplus would cause inflation
+  and lead to trade friction with Seoul's major trading partners,
+  particularly the United States.
+      "We need a surplus because we have to reduce our debt, but
+  we are taking measures to hold the size of the surplus at a
+  proper level," Kim said.
+  
+
diff --git a/reuters/test/14863 b/reuters/test/14863
new file mode 100644
index 0000000000000000000000000000000000000000..cbd4881d586d652e09b07ded101bf791cbeab85a
--- /dev/null
+++ b/reuters/test/14863
@@ -0,0 +1,32 @@
+FINNS AND CANADIANS TO STUDY MTBE PRODUCTION PLANT
+  Finland's national oil company Neste Oy
+  <NEOY.HE> said in a statement it had agreed with Canadian firms
+  to study the feasibility of building a plant in Edmonton,
+  Canada, to produce a replacement for lead in petrol.
+      The prospective plant would cost an estimated 270 mln
+  Canadian dlrs and would produce methyl tertiary butyl ether
+  (MTBE) from raw materials available locally, it said.
+      The partners in the study are Neste Oy, Celanese Canada
+  Inc, Hoechst Celanese Corporation and Trade Mountain Pipe Line
+  Company Ltd, of Vancouver, B.C.
+      The Edmonton site was suitable because of the raw materials
+  availability, the proximity to pipeline transportation and the
+  important capital and operating advantages gained by locating
+  on an existing Celanese Canada site, the statement said.
+      The partners would look into the feasibility of a plant
+  producing 500,000 tonnes per annum of MTBE, an octane enhancer
+  that can replace tetra ethyl lead.
+      Most of the MTBE would be targeted for the United States
+  where lead levels in gasoline are being lowered because of
+  health concerns, the statement added.
+      Canadian lead limits are currently 11 times as high as the
+  U.S. Limit but lead is scheduled for virtual elimination in
+  Canada by 1993, which should create a Canadian demand for MTBE,
+  it said.
+      Finland's Neste Oy, whose turnover last year was over five
+  billion dlrs, has extensive experience with MTBE. It has a
+  major investment in an MTBE plant in Saudi Arabia.
+      The Edmonton, Alberta plant would be scheduled to go on
+  stream in late 1989, the statement said.
+  
+
diff --git a/reuters/test/14865 b/reuters/test/14865
new file mode 100644
index 0000000000000000000000000000000000000000..4789a82fb20ebd20c5cb8450c5170fdf49dd489f
--- /dev/null
+++ b/reuters/test/14865
@@ -0,0 +1,14 @@
+CRA SOLD FORREST GOLD FOR 76 MLN DLRS - WHIM CREEK
+  <Whim Creek Consolidated NL> said the
+  consortium it is leading will pay 76.55 mln dlrs for the
+  acquisition of CRA Ltd's <CRAA.S> <Forrest Gold Pty Ltd> unit,
+  reported yesterday.
+      CRA and Whim Creek did not disclose the price yesterday.
+      Whim Creek will hold 44 pct of the consortium, while
+  <Austwhim Resources NL> will hold 27 pct and <Croesus Mining
+  NL> 29 pct, it said in a statement.
+      As reported, Forrest Gold owns two mines in Western
+  Australia producing a combined 37,000 ounces of gold a year. It
+  also owns an undeveloped gold project.
+  
+
diff --git a/reuters/test/14867 b/reuters/test/14867
new file mode 100644
index 0000000000000000000000000000000000000000..de8e4951cff1b1a6cf35157bfa0f14a647ecbf51
--- /dev/null
+++ b/reuters/test/14867
@@ -0,0 +1,14 @@
+GERMAN INDUSTRIAL EMPLOYMENT SEEN STAGNATING
+  The number of workers employed in
+  the West German industrial sector stagnated in the last quarter
+  of 1986 as a 50,000 increase in overall employment benefited
+  only the services branch, the DIW economic institute said.
+      A DIW report added the general downturn in the economy
+  since last Autumn had had a negative effect on the willingness
+  of firms to take on workers. It referred to a marked downturn
+  in the number of workers taken on in the capital goods sector.
+      New orders for manufacturing industry goods have mostly
+  fallen or stagnated in recent months, but data for February
+  finally showed a reversal of the trend, with a 1.9 pct rise.
+  
+
diff --git a/reuters/test/14872 b/reuters/test/14872
new file mode 100644
index 0000000000000000000000000000000000000000..565bb997ef70223643b940431917c0b2b0e4c134
--- /dev/null
+++ b/reuters/test/14872
@@ -0,0 +1,23 @@
+BOWATER INDUSTRIES PROFIT EXCEED EXPECTATIONS
+  Bowater Industries Plc <BWTR.L> 1986
+  pretax profits of 48.0 mln stg exceeded market expectations of
+  around 40 mln and pushed the company's shares up sharply to a
+  high of 491p from 468p last night, dealers said.
+      The shares later eased back to 481p. Bowater reported a
+  32.4 mln stg profit in 1985.
+      The company said in a statement accompanying the results
+  that the underlying trend showed improvement and it intended to
+  expand further by developing existing businesses and seeking
+  new opportunities.
+      It added that it had appointed David Lyon, currently
+  managing director of Redland Plc <RDLD.L> as its new chief
+  executive.
+      Analysts noted that Bowater's profits of 18.9 mln stg from
+  13.2 mln previously had been given a boost by pension benefits
+  of 4.5 mln stg.
+      Profit from Australia and the Far East showed the greatest
+  percentage rise, jumping 55.0 pct to 15.5 mln from 10.0 mln,
+  while the profit from U.K. Operations rose 30.7 pct to 24.7
+  mln, and Europe, 42.9 pct to 11.0 mln.
+  
+
diff --git a/reuters/test/14873 b/reuters/test/14873
new file mode 100644
index 0000000000000000000000000000000000000000..a93f8c722fc82d179fd19b0b60b7253601c61403
--- /dev/null
+++ b/reuters/test/14873
@@ -0,0 +1,25 @@
+CITIBANK NORWAY UNIT LOSES SIX MLN CROWNS IN 1986
+  Citibank A/S <CCI.N>, the Norwegian
+  subsidiary of the U.S.-based bank, said it made a net loss of
+  just over six mln crowns in 1986 -- although foreign bankers
+  said they expect it to show 1987 profits after two lean years.
+      Citibank's Oslo treasury head Bjoern Sejerstad told
+  Reuters, Citibank, one of seven foreign bank subsidiaries
+  operating in Norway, lost money because of restructuring for
+  investment banking away from commercial banking and an economic
+  slump in Norway following last year's plunge in oil prices.
+      Foreign banks have been allowed to operate susbidiaries in
+  Norway since 1985.
+      Foreign banking analysts in Oslo said access to Norway's
+  second-hand securities and equities markets, to be approved
+  later this spring, and lower primary reserve requirements would
+  make profit this year.
+      Citibank lost 490,000 crowns in Norway in 1985, but
+  Sejerstad said a profit was likely this year because of planned
+  liberalisation and better economic performance, helped by a
+  steadier oil price of around 18 dlrs a barrel.
+      Earlier this year, Chase Manhattan Bank's <CMB.N>
+  subsidiary decided to stop foreign exchange trading after heavy
+  losses and focus instead on fee-based merchant banking.
+  
+
diff --git a/reuters/test/14875 b/reuters/test/14875
new file mode 100644
index 0000000000000000000000000000000000000000..56c9764bd379add8f8a3f8d0527532f827601fd8
--- /dev/null
+++ b/reuters/test/14875
@@ -0,0 +1,14 @@
+VIEILLE MONTAGNE SAYS 1986 CONDITIONS UNFAVOURABLE
+  A sharp fall in the dollar price of
+  zinc and the depreciation of the U.S. Currency created
+  unfavourable economic conditions for Vieille Montagne SA
+  <VMNB.BR> in 1986.
+      It said in a statement that the two factors led to a
+  squeeze on refining margins and an 18.24 pct fall in sales and
+  services income despite an unchanged level of activity.
+      Vieille Montagne, which is actively pursuing a
+  restructuring program, reported a 198 mln franc net loss, after
+  187 mln francs in provisions for the closure of an electrolysis
+  plant, compared with a 250 mln franc net profit in 1985.
+  
+
diff --git a/reuters/test/14876 b/reuters/test/14876
new file mode 100644
index 0000000000000000000000000000000000000000..37eeb80d49d2d7f7aa9b2dfb27c4fcd4d4fd4663
--- /dev/null
+++ b/reuters/test/14876
@@ -0,0 +1,11 @@
+VIEILLE MONTAGNE REPORTS LOSS, DIVIDEND NIL
+  1986 Year
+      Net loss after exceptional charges 198 mln francs vs profit
+      250 mln
+      Exceptional provisions for closure of Viviez electrolysis
+      Plant 187 mln francs vs exceptional gain 22 mln
+      Sales and services 16.51 billion francs vs 20.20 billion
+      Proposed net dividend on ordinary shares nil vs 110 francs
+      Company's full name is Vieille Montagne SA <VMNB.BR>.
+  
+
diff --git a/reuters/test/14877 b/reuters/test/14877
new file mode 100644
index 0000000000000000000000000000000000000000..783d6a6e0551af238957bee443ad12fcee5455db
--- /dev/null
+++ b/reuters/test/14877
@@ -0,0 +1,14 @@
+EC MAINLY FOR TIN EXTENSION, NO U.K. STAND TAKEN
+  European Community (EC) members of the
+  International Tin Council, except Britain, have said they are
+  prepared to back an extension of the International Tin
+  Agreement, an EC spokesman said.
+      He said at a meeting of EC states' representatives here
+  yesterday, Britain undertook to communicate its own decision to
+  its partners today. It said it was not ready yesterday to take
+  a stand but did not say why.
+      He added nine other EC states backed an extension. Spain
+  and Portugal, which are not members of the International Tin
+  Council, raised no objections to a common EC stance in favour.
+  
+
diff --git a/reuters/test/14881 b/reuters/test/14881
new file mode 100644
index 0000000000000000000000000000000000000000..ca23468be699b39d604b6790d4d9df29ec4e273f
--- /dev/null
+++ b/reuters/test/14881
@@ -0,0 +1,25 @@
+JAPAN GIVEN LITTLE HOPE OF AVOIDING U.S. SANCTIONS
+  A top U.S. Official said Japan has little
+  chance of convincing the U.S. To drop threatened trade
+  sanctions, despite the efforts of a Japanese team that left for
+  Washington today.
+      Michael Armacost, Under Secretary of State for Political
+  Affairs, was asked at a press conference whether Japan's moves
+  to boost its domestic economy and open its markets could
+  persuade the U.S. Not to impose tariffs on Japanese imports
+  said, and replied: "...It is probably too early for the figures
+  to demonstrate that the situation has turned around and to
+  permit the result you have described."
+      Armacost said the U.S. Hopes Japan will take steps to lift
+  its domestic economy and reduce dependence on exports, remove
+  barriers to imports and settle outstanding trade issues.
+      "There are obvious problems at the moment in the trade area,
+  but we do not wish those problems to divert attention from
+  important areas of cooperation that continue to exist on
+  security and political issues," he said.
+      "The question is whether through cooperative actions between
+  our governments we can reduce the (trade) imbalance or whether
+  Congress takes action to reduce it through protectionist
+  legislation," he said.
+  
+
diff --git a/reuters/test/14882 b/reuters/test/14882
new file mode 100644
index 0000000000000000000000000000000000000000..1c8a1b3c574e92453a48a8e405263ed4f8ea96cf
--- /dev/null
+++ b/reuters/test/14882
@@ -0,0 +1,14 @@
+THAI ZINC EXPORTS FALL IN MARCH
+  Thai zinc ingot exports fell to 882
+  tonnes in March from 1,764 in February and 3,008 in March 1986,
+  the Mineral Resources Department said.
+      A spokesman for Padaeng Industry Co Ltd, the country's sole
+  exporter, attributed the decline to the company's lower stocks,
+  which averaged 5,000 tonnes in the first quarter against 16,000
+  tonnes in late 1985 when it began exporting.
+      The department said major buyers included China, Japan, the
+  Philippines, South Korea, Singapore and Taiwan.
+      Thailand exported 4,842 tonnes of zinc ingots during the
+  first quarter, down from 14,937 a year ago.
+  
+
diff --git a/reuters/test/14885 b/reuters/test/14885
new file mode 100644
index 0000000000000000000000000000000000000000..d679cef9945a9bb9b5552bf055c3d652871663fc
--- /dev/null
+++ b/reuters/test/14885
@@ -0,0 +1,14 @@
+EC SUGAR TENDER HARD TO PREDICT - LONDON TRADE
+  The outcome of today's European Community
+  (EC) white sugar tender is extremely difficult to predict after
+  last week's substantial award of 102,350 tonnes at the highest
+  ever rebate of 46.864 European currency units (Ecus) per 100
+  kilos, traders said.
+      Some said they believed the tonnage would probably be
+  smaller, at around 60,000 tonnes, but declined to give a view
+  on the likely restitution. Last week, the European Commission
+  accepted 785,000 tonnes of sugar into intervention by operators
+  protesting about low rebates. This might be a determining
+  factor in today's result, they added.
+  
+
diff --git a/reuters/test/14886 b/reuters/test/14886
new file mode 100644
index 0000000000000000000000000000000000000000..f9bd1765e485ca23c3aedf83e5a48394da47388b
--- /dev/null
+++ b/reuters/test/14886
@@ -0,0 +1,6 @@
+NORTH YEMEN CALLS SUGAR BUYING TENDER - TRADE
+  North Yemen has called a buying tender
+  for Saturday for the purchase of 30,000 tonnes of white sugar
+  for arrival in June, traders said.
+  
+
diff --git a/reuters/test/14888 b/reuters/test/14888
new file mode 100644
index 0000000000000000000000000000000000000000..363819ef4dafcc559c29f010d6135ceca6ba23ab
--- /dev/null
+++ b/reuters/test/14888
@@ -0,0 +1,29 @@
+ANHEUSER-BUSCH JOINS BID FOR SAN MIGUEL
+  Anheuser-Busch Companies Inc <BUD.N> has
+  joined several other foreign bidders for sequestered shares of
+  the Philippines' largest food and beverage maker San Miguel
+  Corp <SANM.MN>, the head of a government panel which controls
+  the shares told Reuters.
+      Ramon Diaz, Secretary of the Presidential Commission on
+  Good Government (PCGG), said Anheuser-Busch had told the
+  government it was interested in buying 14 mln "B" shares of San
+  Miguel. He did not disclose the offered price.
+      Diaz said Australian brewer Alan Bond's Bond Corp Holdings
+  Ltd had offered 150 pesos per share for the "B" shares.
+      Diaz said New York investment bank Allen and Co Inc had
+  earlier said it was interested in buying all 38.1 mln
+  sequestered shares. He told Reuters last month Elders IXL Ltd
+  <ELXA.S>, the Melbourne-based brewing company, had also bid for
+  the "B" shares.
+      The Hong Kong Economic Journal last month quoted a
+  spokesman of Australian stock broker Jacksons Ltd as saying
+  that <Barwon Farmlands Ltd>, an Australian firm owned 30 pct by
+  <Ariadne Australia Ltd>, was planning a Filipino branch in
+  order to buy the entire block of 38.1 mln shares.
+      Anheuser-Busch last year made a 150 mln dlr bid to buy <San
+  Miguel Brewery Ltd>, a Hong Kong listed company which is 69.65
+  pct owned by <Neptunia Corp Ltd>, a San Miguel Corp subsidiary.
+      The talks broke down last June after the two sides said
+  they could not agree on the terms of the sale.
+  
+
diff --git a/reuters/test/14890 b/reuters/test/14890
new file mode 100644
index 0000000000000000000000000000000000000000..7ee3d554a4cb4f418c5fe3b6c4db70e4a355ea90
--- /dev/null
+++ b/reuters/test/14890
@@ -0,0 +1,86 @@
+ECONOMIC SPOTLIGHT - AUSTRALIAN MARKETS BOOMING
+  Australian markets are booming as foreign
+  fund managers redirect capital away from the United States and
+  other traditional markets, analysts said.
+      High short-term interest rates, a bullish stock market and
+  an increasingly stable currency reflect a massive inflow of
+  fresh funds in the last two months, largely from Japanese and
+  U.S. Investors, analysts polled by Reuters said.
+      Fund managers want quality markets to park their cash in
+  and have settled on Australia, Britain and Canada as they
+  diversify from volatile U.S. Dollar instruments, they said.
+      A one percentage point fall in key 10-year bonds rates in
+  the past month, record share prices and a 10-month high for the
+  currency of 0.71 U.S. Dlrs all illustrated the inflow.
+      Official figures on the latest inflow of investment capital
+  are not available, but brokers said they received almost daily
+  inquiries from Japan and the United States.
+      "These people have got trillions of dollars sloshing about
+  and they don't know what to do with it. Some of that is ending
+  up here with the attraction of high interest rates and
+  reasonable currency stability," National Australia Bank Ltd
+  economist Brian Hamley said.
+      "There is a 'flight to quality'," Hamley said. "Australia may
+  not be in the best (economic) position, but there aren't too
+  many other countries where you'd want to put your money."
+      The stronger Australian dollar was also attracting
+  investors taking advantage of an appreciating currency against
+  the volatility of the U.S. Unit, analysts said.
+      "We're looking a more favoured market than perhaps the U.S.
+  Where some people would be concerned about the value of the
+  U.S. Dollar," Lloyds Bank NZA Ltd chief economist Will Buttrose
+  said. "Why not put the money in Australia where entry is cheap
+  and the currency looks stable?"
+      But turning that capital into more permanent productive
+  investment depends on government economic policy, he said.
+      "It will only disappear if people lose confidence in the
+  direction in the economy," Buttrose said, adding that offshore
+  investors would carefully watch the government's promised tough
+  economic statement on May 14.
+      While happy to invest in bonds and other vehicles yielding
+  interest unobtainable elsewhere, fund managers could just as
+  easily reverse the flow -- particularly the Japanese, who were
+  badly hurt in the past by rapid falls in the Australian dollar
+  and hefty jumps in bond rates, analysts said.
+      "It will remain very edgy money. If something was not to be
+  delivered, if the statement wasn't considered tough enough, one
+  might see a substantial outflow," Buttrose said.
+      Offshore investors are eager to see Australia take tough
+  economic decisions to curb its 100 billion dlr foreign debt and
+  stubborn current account deficit, analysts said.
+      "They are giving us the benefit of the doubt and I think
+  they would like to leave the money here," Buttrose said.
+      Reserve Bank policy has also reflected the increased
+  interest in investment in Australia and the need to shield
+  Japanese investors from rapid currency fluctuations.
+      Reserve Governor Bob Johnston last week acknowledged an
+  element of targeting the rate against the yen in currency
+  policy when he said authorities could not take their "eyes off
+  the yen" because of the crucial role of Japanese investors.
+      Analysts said they believed the Reserve Bank had worked
+  successfully in recent months to keep the Australian dollar
+  within the range of 100 to 103 yen.
+      Apart from its recovery against a weak U.S. Dollar, the
+  Australian dollar has also risen almost three pct on a
+  trade-weighted basis in the last three weeks.
+      Offshore buying has also played a role in the booming
+  Australian share market. It has followed Wall Street and other
+  markets, but is also setting its own trend in response to the
+  weight of both domestic and offshore funds pouring into
+  equities, particularly in the gold sector.
+      The key all ordinaries index rose to a record 1,758.3
+  today, nearly 20 pct above its level at the end of 1986, while
+  the gold index has nearly doubled to a record 3,081.0 in the
+  same period.
+      The property sector is also sought after, with Japanese
+  companies that have invested heavily in the United States in
+  recent years turning their attention to undervalued real
+  estate, particularly in the tourism field.
+      Analysts pointed to the recent sale of Sydney's five-star
+  Regent Hotel to Japanese interests for more than 145 mln dlrs
+  as indicative of the type of property being sought.
+      "They think they find good value real estate here which,
+  with long term and fixed capital investment, is the kind of
+  investment Australia needs," Buttrose added.
+  
+
diff --git a/reuters/test/14891 b/reuters/test/14891
new file mode 100644
index 0000000000000000000000000000000000000000..dcaf152d53b5317e916498d37bcbca87f80c4116
--- /dev/null
+++ b/reuters/test/14891
@@ -0,0 +1,86 @@
+ECONOMIC SPOTLIGHT - KUWAITI ECONOMY
+  Kuwait's oil-reliant and debt-ridden
+  economy has started to pull out of a nosedive but oil prices
+  will determine the pace of recovery, bankers and economists
+  say.
+      Crucial will be the ability of the 13-member OPEC to hold
+  oil prices around a new benchmark of 18 dlrs a barrel in the
+  northern hemisphere summer when demand usually slackens.
+      Bankers estimate the economy, measured in terms of gross
+  domestic product (gdp), shrank 19 pct in real terms last year
+  after contracting 8.1 pct the year before.
+      This was after taking into account inflation in consumer
+  prices of 1.5 pct in 1985, slowing to 1.0 pct in 1986.
+      Factors depressing economic activity include the
+  6-1/2-year-old Iran-Iraq war on Kuwait's doorstep, which
+  threatens the emirate's vital oil export lifeline through the
+  Gulf and has sapped business confidence.
+      But sentiment received a much-needed boost in September
+  when, after a series of piecemeal steps to combat a debt crisis
+  caused by the 1982 crash of local stock market, a comprehensive
+  new debt settlement program was introduced.
+      The share crash, result of a speculative spree in forward
+  trading, left 95 billion dlrs of post-dated cheques in default.
+      The cheques were also used as collateral for consumer
+  spending, thus generating an informal credit system.
+      Much of the debt has been watered down but big sums are
+  still owed by individuals and companies.
+      There was some 4.4 billion dinars (about 15.7 billion dlrs)
+  in outstanding bank credit at the end of 1986, of which
+  one-quarter to one-third was estimated by bankers to rank as
+  bad or doubtful debt. But the government has repeatedly said it
+  will not allow any banks to go under.
+      The new debt settlement scheme entails a rescheduling of
+  problem credit over 10 to 15 years, depending on whether
+  debtors have regular cash flows or not.
+      Banks' shareholders and depositors will have their rights
+  guaranteed by the government -- an edict of vital significance
+  in a country of only 1.7 mln people where the financial sector
+  is the biggest after oil.
+      Kuwait is better placed than any other OPEC country to ride
+  out the oil glut, bankers and economists say.
+      Kuwait has an OPEC quota of 948,000 barrels per day (bpd)
+  compared with production capacity of 4.0 mln bpd mentioned last
+  year by Oil Minister Sheikh Ali al-Khalifa al-Sabah.
+      But strategic diversification into downstream operations in
+  Europe several years ago and a hefty refining investment at
+  home gives it guaranteed markets abroad and enables it to sell
+  over one-half of its output as high-grade refined oil products.
+      Oil industry sources say Kuwait is able to get an average
+  2.00 dlrs a barrel more by selling oil in the form of processed
+  product such as gas oil, kerosene and naphtha, rather than as
+  crude.
+      Bankers say the rebound in oil prices is the major reason
+  for cautious optimism. Other reasons are low domestic
+  inflation, a bottoming out of the fall in imports in recent
+  years and signs government spending on productive sectors will
+  remain steady.
+      External accounts are in good shape, with an estimated 1.8
+  billion dinar current account surplus in 1986, 16 pct below
+  that for 1985, but still an achievement in the recession-hit
+  Gulf.
+      Kuwait's petrodollar reserves in mid-1986 were put
+  officially at over 80 billion dlrs, earning investment income
+  of the equivalent of about 3.65 billion dlrs a year.
+      But for the first time since the end of the oil boom, these
+  reserves may not be enough to prevent a "real" budget deficit for
+  the 1986/87 fiscal year ending June 30, bankers say.
+      In a budget portrayed by bankers as mildly contractionary,
+  revenues for 1986/87 were cut 38.6 pct and spending 11 pct,
+  doubling the nominal deficit to 1.33 billion dinars.
+      This left out income from state reserves, usually excluded
+  in official budget accounting, which are forecast by bankers at
+  up to 1.0 billion dinars in 1986/87, resulting in some
+  shortfall.
+      Bankers say it is too early to venture a forecast for
+  economic growth this year or next.
+      "It depends on oil prices," one said. "This summer is
+  important."
+      Cabinet Affairs Minister Rashid al-Rashid said last Sunday
+  the cabinet has ratified recommendations to rationalise state
+  spending in favour of productive sectors and reactivate the
+  economy.
+      He gave no details but bankers say these are expected to be
+  spelled out in the 1987/88 budget, possibly in June.
+  
+
diff --git a/reuters/test/14892 b/reuters/test/14892
new file mode 100644
index 0000000000000000000000000000000000000000..edcf6f0891e60bf4846e108b476339a75fae28b0
--- /dev/null
+++ b/reuters/test/14892
@@ -0,0 +1,30 @@
+MALAYSIA MAY NOT MEET 1987 OIL PALM TARGET
+  Malaysia is unlikely to meet its
+  targeted output of five mln tonnes of oil palm in calendar
+  1987, oil palm growers told Reuters.
+      Output in 1987 is expected to reach around 4.5 mln tonnes,
+  unchanged from 1986, because of drought, low use of fertiliser
+  and overstressed palms, they said.
+      The growers were asked for their reaction to an Oil World
+  newsletter report that Malaysia's oil palm output is likely to
+  drop sharply this year.
+      Palm oil now sells at around 700 ringgit a tonne, or about
+  115 ringgit less than soybean oil, but Malaysia must sell more
+  palm oil to prevent a stock buildup that could damage the
+  industry, a leading grower told Reuters.
+      The country's palm oil stocks now total some 500,000 tonnes
+  against about 800,000 last March, the growers said.
+      The growers expect palm oil prices to ease later this year
+  due to pressure from South American and U.S. Soybean output.
+      The current South American oilseed harvest, mainly soybean,
+  is likely to be around 25.7 mln tonnes against the previous
+  21.7 mln tonne crop, they said.
+      In addition, new U.S. Soybean plantings are also expected
+  to enter the market around November when Malaysian palm oil
+  output peaks.
+      They said new planting of palms is also likely to slow,
+  with some 50,000 hectares expected to be planted with new trees
+  against 100,000 in 1986, although the effects of this reduction
+  will not be felt for about another three years.
+  
+
diff --git a/reuters/test/14899 b/reuters/test/14899
new file mode 100644
index 0000000000000000000000000000000000000000..b412b1284d32d2ec26fffbbeca197e2924056676
--- /dev/null
+++ b/reuters/test/14899
@@ -0,0 +1,4 @@
+JARDINE MATHESON SAID IT SETS TWO-FOR-FIVE BONUS ISSUE REPLACING "B" SHARES
+  JARDINE MATHESON SAID IT SETS TWO-FOR-FIVE BONUS ISSUE REPLACING "B" SHARES
+  
+
diff --git a/reuters/test/14900 b/reuters/test/14900
new file mode 100644
index 0000000000000000000000000000000000000000..7434b171d757555793f6bd7c05338cae6595f257
--- /dev/null
+++ b/reuters/test/14900
@@ -0,0 +1,24 @@
+MONIER SAYS BRITAIN'S REDLAND MAY BID FOR IT
+  Diversified building materials group
+  Monier Ltd <MNRA.S> said talks are taking place which may lead
+  to Britain's Redland Plc <RDLD.L> making an offer for the
+  Monier shares it does not already hold, chairman Bill Locke
+  said.
+      Redland already holds about 49 pct of Monier's 156.28 mln
+  issued shares, he said in a brief notice to the Australian
+  Stock Exchange.
+      Locke said shareholders would be advised as soon as the
+  discussions progressed and recommended that they keep their
+  shares.
+      Monier shares were trading at a 1987 high of 3.10 dlrs
+  today, up from the previous peak of 2.80 at yesterday's close,
+  and well above the 1987 low of 2.18 dlrs.
+      Monier is the largest concrete roof tile manufacturer in
+  Australia, the U.S. And New Zealand and the world's largest
+  marketer of fly ash, according to its annual report for 1985/86
+  ended June 30.
+      It recently reported first-half 1986/87 net fell to 15.02
+  mln dlrs from 17.09 mln a year earlier due to the Australian
+  housing downturn, although foreign earnings rose.
+  
+
diff --git a/reuters/test/14903 b/reuters/test/14903
new file mode 100644
index 0000000000000000000000000000000000000000..c5070a507ade26d492a149e76d54517443bf4d3a
--- /dev/null
+++ b/reuters/test/14903
@@ -0,0 +1,12 @@
+ISUZU PLANS NO INTERIM DIVIDEND
+  Isuzu Motor Ltd <ISUM.T> will pay no
+  dividend for the first half year ending April 30, 1987, as the
+  company is expected to mark a 12 billion yen parent company
+  current loss in the first half due to slow exports caused by
+  the yen's appreciation, a company spokesman said.
+      The company has paid no dividend since the year ended
+  October 31, 1983, when it paid five yen.
+      It had a 4.44 billion yen current profit in the first half
+  of 1985/86.
+  
+
diff --git a/reuters/test/14904 b/reuters/test/14904
new file mode 100644
index 0000000000000000000000000000000000000000..069bfc85beadbd5f857e8a1fefc249a55723fdf8
--- /dev/null
+++ b/reuters/test/14904
@@ -0,0 +1,25 @@
+JAPANESE OFFICIAL TAKES DATA TO MICROCHIP TALKS
+  Ministry of International Trade and
+  Industry (MITI) Vice Minister Makoto Kuroda leaves for
+  Washington today with data he hopes will refute U.S. Charges
+  Japan has violated a pact on microchip trade.
+      A three-man Japanese trade team is already in Washington
+  laying the groundwork for talks between Kuroda and Deputy U.S.
+  Trade Representative Michael Smith aimed at persuading the U.S.
+  Not to impose tariffs on certain Japanese products.
+      But Kuroda said he is taking no new proposals. "I have
+  nothing in my briefcase except an explanation of the current
+  situation," Kuroda told the daily newspaper Asahi Shimbun.
+      Kuroda said the U.S. Decision was based on incorrect data
+  and an exaggerated sense of MITI's power to control market
+  forces. "The U.S. Has excessive expectations. To stabilise
+  supply-demand relations which have been disrupted by excess
+  inventories since 1985 will take some time," he said.
+      Kuroda also laid part of the blame for low U.S. Chip sales
+  in Japan on a lack of effort by American firms here.
+      He said if he fails in talks tomorrow and Friday to
+  forestall sanctions, he will seek further talks with U.S. Trade
+  Representative Clayton Yeutter. U.S. Officials said this week's
+  talks are unlikely to delay imposition of tariffs.
+  
+
diff --git a/reuters/test/14907 b/reuters/test/14907
new file mode 100644
index 0000000000000000000000000000000000000000..264be4308f9e840149f99d65c9395e4d86ee8544
--- /dev/null
+++ b/reuters/test/14907
@@ -0,0 +1,14 @@
+BELL GROUP CONFIRMS STANDARD CHARTERED STAKE
+  The Bell Group Ltd <BLLA.S> said it now
+  holds 14.9 pct of the issued capital of Standard Chartered Plc
+  <STCH.L> after acquiring further shares.
+      The one-sentence statement from Bell's headquarters
+  confirmed what its brokers Warburg Securities told Reuters in
+  London yesterday.
+      Bell previously held 10 pct of Standard.
+      Bell chairman Robert Holmes a Court, who is also a director
+  of Standard, was not available for comment on his company's
+  intentions in boosting its holding and other company officials
+  contacted here by Reuters declined to comment.
+  
+
diff --git a/reuters/test/14909 b/reuters/test/14909
new file mode 100644
index 0000000000000000000000000000000000000000..b6766b17000190189ed1e6155c5ac65274804386
--- /dev/null
+++ b/reuters/test/14909
@@ -0,0 +1,22 @@
+NIPPON STEEL DENIES CHINA SEEKING JAPANESE PLANTS
+  Nippon Steel Corp <NSTC.T> denied local
+  newspaper reports that China has been seeking to buy steel
+  plants from Japanese firms which plan to suspend output under
+  the recently announced rationalisation program.
+      The Mainichi Shimbun quoted Nippon Steel as saying that
+  China's State Planning Commission and some Chinese firms have
+  asked Japanese makers to sell them steel works and rolling
+  mills to expand steelmaking cheaply. It named no sources.
+      A Nippon Steel spokesman told Reuters that China has made
+  no such official request, and the company was not considering
+  such sales at the moment.
+      But Mainichi quoted Nippon Steel officials as saying if
+  prices are reasonable, they would export their used mills to
+  China.
+      The paper said China's crude steel output totalled 52 mln
+  tonnes in calendar 1986 and that it plans to increase to 80 mln
+  by 1996.
+      Japan's steel industry rationalisation plan is aimed at
+  cutting production capacity sharply over the next few years.
+  
+
diff --git a/reuters/test/14911 b/reuters/test/14911
new file mode 100644
index 0000000000000000000000000000000000000000..677c69080b64016b109f8afcd821a1a1afc6a3f7
--- /dev/null
+++ b/reuters/test/14911
@@ -0,0 +1,30 @@
+JARDINE MATHESON REPLACES "B" SHARE BY BONUS ISSUE
+  Jardine Matheson Holdings Ltd
+  <JARD.HK> said it will withdraw the previously announced
+  four-for-one bonus issue of "B" shares and replace it by a
+  two-for-five bonus issue of ordinary shares.
+      A statement said the firm expects to pay total dividends
+  for 1987 of not less than 40 cents a share on the expanded
+  capital.
+      Jardine Matheson decided to withdraw its issue because of a
+  joint announcement earlier today by Ronald Li, chairman of the
+  Stock Exchange of Hong Kong, and Securities Commissioner Ray
+  Astin, that the listings of new "B" shares would be barred.
+      The official announcement said this will include the
+  proposal by Jardine Matheson.
+      But the Jardine statement quoted chairman Simon Keswick as
+  saying: "We continue to believe that the issuing of "B" shares
+  would benefit shareholders, and regret that they will not be
+  given the opportunity to vote on the matter at this stage."
+      Keswick said the "B" share issue will benefit Jardine
+  Matheson's shareholders by giving the firm flexibility to issue
+  ordinary shares for expansion in future without diluting
+  existing shareholders' voting rights.
+      However, he added: "We certainly welcome (the Secretary for
+  Monetary Affairs) David Nendick's referral of this very
+  important matter to the Standing Committee on Company Law
+  Reform and are hopeful that the process will lead to the
+  development of general principles which can be embraced by all
+  constituents of the Hong Kong market."
+  
+
diff --git a/reuters/test/14912 b/reuters/test/14912
new file mode 100644
index 0000000000000000000000000000000000000000..5c4f62c18fb00e33d2ff6198c6c91dc5ab5c1eed
--- /dev/null
+++ b/reuters/test/14912
@@ -0,0 +1,25 @@
+JAPAN GIVEN LITTLE HOPE OF AVOIDING U.S. SANCTIONS
+  A top U.S. Official said Japan has little
+  chance of persuading the U.S. to drop threatened trade
+  sanctions, despite the efforts of a Japanese team that left for
+  Washington today.
+      Michael Armacost, Under Secretary of State for Political
+  Affairs, was asked at a press conference whether Japan's moves
+  to boost its domestic economy and open its markets could
+  persuade the U.S. Not to impose tariffs on Japanese imports
+  said, and replied: "...It is probably too early for the figures
+  to demonstrate that the situation has turned around and to
+  permit the result you have described."
+      Armacost said the U.S. Hopes Japan will take steps to lift
+  its domestic economy and reduce dependence on exports, remove
+  barriers to imports and settle outstanding trade issues.
+      "There are obvious problems at the moment in the trade area,
+  but we do not wish those problems to divert attention from
+  important areas of cooperation that continue to exist on
+  security and political issues," he said.
+      "The question is whether through cooperative actions between
+  our governments we can reduce the (trade) imbalance or whether
+  Congress takes action to reduce it through protectionist
+  legislation," he said.
+  
+
diff --git a/reuters/test/14913 b/reuters/test/14913
new file mode 100644
index 0000000000000000000000000000000000000000..b1a0cca9e1ba9b633bbfa4a2d3c072123e1931da
--- /dev/null
+++ b/reuters/test/14913
@@ -0,0 +1,13 @@
+BANK OF JAPAN INTERVENES SOON AFTER TOKYO OPENING
+  The Bank of Japan bought a small amount of
+  dollars shortly after the opening at around 145.30 yen, dealers
+  said.
+      The central bank intervened as a medium-sized trading house
+  sold dollars, putting pressure on the U.S. Currency, they said.
+      The dollar was also supported by a major electrical
+  consumer goods company, which was a speculative dollar buyer at
+  around 145.25 yen, they added.
+      The dollar opened at 145.33 yen against 145.60/70 in New
+  York and 145.25 at the close here yesterday.
+  
+
diff --git a/reuters/test/14918 b/reuters/test/14918
new file mode 100644
index 0000000000000000000000000000000000000000..1fcffd1a1e6771416d816557d878ad32d1da5e55
--- /dev/null
+++ b/reuters/test/14918
@@ -0,0 +1,7 @@
+INDONESIAN INFLATION RATE 8.8 PCT IN 1986/87
+  Inflation was by 8.8 pct in Indonesia
+  during fiscal 1986/87 to March 31, compared to 5.66 pct the
+  previous year, Information Minister Harmoko said after a
+  cabinet session to discuss the economic situation.
+  
+
diff --git a/reuters/test/14919 b/reuters/test/14919
new file mode 100644
index 0000000000000000000000000000000000000000..50bcd53c2d2a915de670fc5b3bd67dcdf45d0467
--- /dev/null
+++ b/reuters/test/14919
@@ -0,0 +1,11 @@
+U.K. MONEY MARKET GIVEN 53 MLN STG ASSISTANCE
+  The Bank of England said it provided the
+  money market with 53 mln stg assistance in the morning session.
+      This compares with the bank's estimate of a shortage in the
+  system of around 300 mln stg which it earlier revised up from
+  250 mln.
+      The central bank made outright purchases of bank bills
+  comprising 46 mln stg in band three at 9-3/4 pct and seven mln
+  stg in band four at 9-11/16 pct.
+  
+
diff --git a/reuters/test/14921 b/reuters/test/14921
new file mode 100644
index 0000000000000000000000000000000000000000..51358e7c4dd6df8e0d7a869f6b248bbcbf5e3e34
--- /dev/null
+++ b/reuters/test/14921
@@ -0,0 +1,87 @@
+SAN MIGUEL DEAL HIT BY MORE LAWSUITS
+  A bid by San Miguel Corp (SMC) <SANM.MN>
+  to buy back 38.1 mln sequestered shares from United Coconut
+  Planters Bank (UCPB) has been hit by two new lawsuits, sources
+  in the Philippine food and brewery company said.
+      A Manila court yesterday issued an injunction barring UCPB
+  from selling the shares, which represent 31 pct of SMC's
+  outstanding capital stock of 121 mln shares, until hearings on
+  April 21 on a petition filed by Eduardo Cojuangco, a former
+  chairman of both SMC and UCPB.
+      Cojuangco said the Coconut Industry Investment Fund (CIIF)
+  and 1.4 mln farmers were the rightful owners of the shares.
+      Cojuangco said the shares were held in trust by UCPB and
+  represented a blue chip investment. His petition said UCPB's
+  plans to sell the shares to SMC were "a serious breach of
+  fiduciary duties."
+      The SMC sources said the proposed share sale could also be
+  held up by a second derivative suit filed before the Securities
+  and Exchange Commission (SEC) by Eduardo de los Angeles, a
+  government nominee on the company's board.
+      De los Angeles, who represents SMC's minority stockholders,
+  asked the SEC to block the transaction, approved last week by
+  the company's board.
+      On April 2 the board sanctioned the repurchase of the
+  sequestered shares for 4.79 billion pesos at 126 pesos per
+  share. De los Angeles told the SEC the company's retained
+  earnings of 1.33 billion pesos would be wiped out by the
+  purchase of the shares and would prevent the declaration of
+  dividends.
+      De los Angeles said the share purchase would also violate
+  an SMC agreement with its creditors to maintain a 2.2-to-1 debt
+  to equity ratio. He quoted SMC's chief financial director Ramon
+  del Rosario as telling the board that the transaction would
+  boost the ratio to 2.5-to-1.
+      In petitioning the SEC, de los Angeles amended an earlier
+  suit two weeks ago in which he charged SMC Chairman Andres
+  Soriano III and nine other directors of violating their duties.
+      De los Angeles' earlier complaint related to SMC assuming
+  last December a 26.5 mln dlr loan contracted by SMC's Hong Kong
+  subsidiary <Neptunia Corp> for a down payment on the shares.
+  The loan assumption was again ratified by last week's board
+  meeting.
+      An arbitration panel set up by President Corazon Aquino to
+  resolve the ownership issue is expected to submit its report by
+  April 15.
+      "The amended suit filed by Eduardo de los Angeles is part of
+  a continuing attempt by certain elements, in complete disregard
+  of the facts and with questionable motives, to delay an early
+  disposition of the sequestered shares," San Miguel Corp said in
+  a statement.
+      "Coming as it does, when San Miguel Corp and UCPB have
+  reached agreement on the price of the shares and the method of
+  payment, this suit is in direct contravention of the
+  government's expressed desire to reach an amicable settlement
+  of the controversy by April 15," the statement added.
+      A San Miguel spokesman said he had no comment on
+  Cojuangco's court petition, adding: "Any statement coming from
+  us might be interpreted as adversarial."
+      Meanwhile, Ramon Diaz, the head of a government panel which
+  sequestered the shares last year, said Soriano was not eligible
+  to buy the major portion of the shares because he was a United
+  States citizen.
+      The sequestered shares are split into 24 mln "A" shares,
+  which can only be owned by Filipinos, and 14 mln "B" shares which
+  are available to foreign buyers.
+      SMC sources said Soriano personally was not among
+  prospective buyers. They said the shares would be purchased by
+  the <A.Soriano> group of companies, SMC, Neptunia and unnamed
+  institutional investors. Soriano was named as one of the buyers
+  in a bid in March 1986 for 33 mln shares controlled by UCPB.
+      The sale was aborted when Diaz's Presidential Commission on
+  Good Government sequestered the shares on suspicion they were
+  owned by Cojuangco, a close associate of former President
+  Ferdinand Marcos. Cojuangco lives in self-imposed exile in the
+  U.S.. The shares grew to 38.1 mln after a 15 pct stock dividend
+  announced last June.
+      "We have no objection to Soriano buying the "B" shares," Diaz
+  told Reuters. "But everything is on hold now."
+      The SMC spokesman said he did not know if the controversy
+  would be resolved before the company's annual stockholders'
+  meeting, scheduled for May 14.
+      San Miguel Corp reported sales revenue of 12.2 billion
+  pesos in 1986, 11 pct above its 10.9 billion peso sales in
+  1985. It said unaudited net profit was in the neighbourhood of
+  700 mln pesos, an increase of about 50 pct over 1985.
+  
+
diff --git a/reuters/test/14922 b/reuters/test/14922
new file mode 100644
index 0000000000000000000000000000000000000000..f1df18fe62c71b25202f129fc47a09c12ca4cfb3
--- /dev/null
+++ b/reuters/test/14922
@@ -0,0 +1,24 @@
+RAIN BOOSTS CENTRAL QUEENSLAND SUGAR CANE CROP
+  Good rains of one to four inches in the
+  past 10 days have boosted moisture-stressed sugar cane crops in
+  the Mackay-Burdekin region of Queensland's central coast, an
+  Australian Sugar Producers' Association spokesman said.
+      As previously reported, the region has been undergoing a
+  severe dry spell, partly relieved by scattered rainfall, since
+  December, following the virtual failure of the summer wet
+  season.
+      Mills in the area have been reporting that their crops are
+  beginning to look healthy and greener and are putting on growth
+  since the rains began, the spokesman said from Brisbane.
+      Although the Mackay-Burdekin crop outlook is much better
+  than it was, there will be some cane losses, the spokesman
+  said. But is too early to say what they will be and more rain
+  is needed to restore sub-soil moisture.
+      Elsewhere, in far north Queensland, the Bundaberg region
+  and southern Queensland, the cane is in excellent condition and
+  some mills are forecasting record crops, he said.
+      Initial 1987 crop estimates will probably be compiled
+  towards the end of May, he said.
+      The cane crush normally runs from June to December.
+  
+
diff --git a/reuters/test/14923 b/reuters/test/14923
new file mode 100644
index 0000000000000000000000000000000000000000..fc02dcc0f74d136942fc07dd284fc7bae1299ab2
--- /dev/null
+++ b/reuters/test/14923
@@ -0,0 +1,14 @@
+FRENCH TRADERS FORECAST EC SUGAR TENDER
+  The European Community (EC) is expected to
+  award export licences at today's weekly tender for above 60,000
+  and possibly up to 100,000 tonnes of white sugar after last
+  week's award for 102,350 tonnes, traders here said.
+      They expected a maximum rebate of between 46.40 and 46.50
+  Ecus per 100 kilos, compared to last week's 46.864.
+      Earlier, traders in London said the outcome of the tender
+  was very hard to predict after last week's substantial award
+  and the placing of 785,000 tonnes of sugar into intervention.
+  They said they believed the tonnage would be around 60,000 but
+  declined to give a rebate figure.
+  
+
diff --git a/reuters/test/14926 b/reuters/test/14926
new file mode 100644
index 0000000000000000000000000000000000000000..25f1e678345b5e04255577c478afa0db0f0c5a4c
--- /dev/null
+++ b/reuters/test/14926
@@ -0,0 +1,13 @@
+ITALY'S LA FONDIARIA TO REPORT HIGHER 1986 PROFITS
+  Italian insurer La Fondiaria Spa <LFDI.MI>
+  said it expects to report consolidated group profit in 1986
+  significantly higher than the 60 billion lire reported in 1985.
+      The company said in a statement that parent company net
+  profit last year will rise from the 72 billion lire reported in
+  1985. Consolidated group premiums totaled 1,700 billion lire in
+  1986 compared with 1,490 billion the previous year.
+      Iniziativa Meta <INZI.MI>, the financial services unit of
+  Montedison Spa <MONI.MI>, controls the largest single stake in
+  Florence-based Fondiaria with 49.9 pct.
+  
+
diff --git a/reuters/test/14928 b/reuters/test/14928
new file mode 100644
index 0000000000000000000000000000000000000000..a1b940f045ba71cac3ae5e8781e3fed493ffcf84
--- /dev/null
+++ b/reuters/test/14928
@@ -0,0 +1,25 @@
+NICKEL PRICES UNLIKELY TO RISE MUCH - SHEARSON
+  Nickel prices are unlikely to rise
+  significantly from current levels unless further steps are
+  taken to reduce production, Shearson Lehman Brothers said in
+  its quarterly nickel market report.
+      The market had recovered slightly to around 1.72 dlrs a lb
+  yesterday from its four year low of 1.55 dlrs in early January,
+  due to the absence of Soviet nickel cathode deliveries, but
+  Shearson sees Soviet shipments soon returning to last year's
+  buoyant levels, which should ease current tightness.
+      Output reductions by producers will take effect later this
+  year but are likely to be offset by increases elsewhere.
+      Shearson said the nickel market will be virtually in
+  balance during 1987, with total non-Socialist world demand at
+  556,000 tonnes, compared with an estimated 544,000 tonnes in
+  1986, production at 505,000 tonnes (504,000) and imports from
+  Socialist countries at 47,000 tonnes (50,000).
+      It forecast prices will edge higher during the year from a
+  first quarter average of 1.67 dlrs a lb up to 1.77 dlrs in the
+  last quarter. The year's average will be around 1.72 dlrs a lb
+  compared with 1.76 dlrs in 1986, using London Metal Exchange
+  cash metal prices in dollar terms and assuming an average 1987
+  sterling exchange rate of 1.55 dlrs.
+  
+
diff --git a/reuters/test/14930 b/reuters/test/14930
new file mode 100644
index 0000000000000000000000000000000000000000..dbf6b47d53b6f4e69328ad3015c0027eb8c4bfc0
--- /dev/null
+++ b/reuters/test/14930
@@ -0,0 +1,14 @@
+HIGHER 1986 PROFIT FOR DUTCH CHEMICAL FIRM DSM
+  The fully state-owned Dutch
+  chemical firm NV DSM <DSMN.AS> said its 1986 net profit rose to
+  412 mln guilders from 402 mln in 1985, while turnover fell to
+  17.7 billion guilders in 1986 from 24.1 billion in 1985.
+      The company said 1986 dividend, which will be paid to the
+  Dutch state in its capacity of the firm's sole shareholder,
+  would be raised to 98 mln guilders from 70 mln guilders in
+  1985.
+      In an initial comment on its 1986 results, DSM said the
+  drop in 1986 turnover had been caused mainly by losses in the
+  company's fertilizer division.
+  
+
diff --git a/reuters/test/14931 b/reuters/test/14931
new file mode 100644
index 0000000000000000000000000000000000000000..544c0c13b670f404b7eeb154f9bfdb163e5483a6
--- /dev/null
+++ b/reuters/test/14931
@@ -0,0 +1,57 @@
+POEHL WARNS AGAINST FURTHER DOLLAR FALL
+  Bundesbank President Karl Otto Poehl
+  said a weaker dollar would be risky and a further appreciation
+  of the mark would damage prospects for sustained West German
+  economic growth.
+      In a speech to the Institute of Contempory German Affairs
+  here, Poehl said "It would be an extremely risky policy to aim
+  for a further substantial decline in the value of the dollar to
+  correct the trade deficit."
+      He said the United States could face a vicious circle of
+  depreciation, inflation and more depreciation if it took that
+  route.
+      Poehl noted West Germany had already taken steps to meet
+  U.S. Demands for greater stimulation of its domestic economy,
+  accelerating tax cuts, cutting interest rates and tolerating
+  above-target money supply growth.
+      He said he would have been happy to have brought forward
+  five billion marks of tax cuts now planned for January 1988 to
+  the beginning of this year, but he said the government faced
+  political constraints getting such measures through the upper
+  house of the West German parliament.
+      But there were also limits to the impact West Germany could
+  accept on exports from a rising mark, he said.
+      Poehl said West Germany relied on exports for about
+  one-third of its gross national product, so a substantial
+  erosion of export markets could not be offset by increasing
+  demand at home.
+      "A further appreciation of the mark could even be an
+  obstacle to further growth," he said.
+      Poehl said the Bundesbank had tolerated rapid money supply
+  growth last year because the country enjoyed low inflation and
+  because external factors, including low oil prices and
+  favourable terms of trade, had given some extra leeway.
+      But Poehl said West Germany now faced a difficult dilemma
+  over monetary policy.
+      The underlying rate of inflation was now two pct, not the
+  reported negative inflation rates last year, and West Germany
+  was affected more than before by exchange rate developments.
+      "For the time being, we will have to focus our policy more
+  on the external side, and we can live with a more expansionary
+  money supply. But we must be very careful," he said.
+      He said he shared some of the U.S. Concern about Japan's
+  trade surpluses, which affected European countries as well as
+  the United States.
+      Poehl welcomed the so-called Louvre accord of monetary
+  officials of major industrialized countries, saying the
+  importance of the February 22 agreement to stabilize exchange
+  rates had been underestimated.
+      All partners had agreed that the dollar was at about the
+  right level, and that further changes would damage growth, he
+  said.
+      "This was a remarkable change in attitude, especially on the
+  part of our American colleagues," he said.
+      But he said there was still a danger that the correction of
+  the dollar's value could overshoot.
+  
+
diff --git a/reuters/test/14932 b/reuters/test/14932
new file mode 100644
index 0000000000000000000000000000000000000000..ce2814eb571b3330ddc44066532bd364515a0c41
--- /dev/null
+++ b/reuters/test/14932
@@ -0,0 +1,12 @@
+CINCINNATI BELL <CSN> STARTS AUXTON <AUXT> BID
+  Cincinnati Bell Inc said it has started
+  its previously-announced 15.75 dlr per share tender offer for
+  all shares of Auxton Computer Enterprises Inc.
+      In a newspaper advertisement, the company said the tender
+  and withdrawal rights will expire May Five unless extended. The
+  offer, which has been approved by the Auxton board and is to be
+  followed by a merger at the same price, is conditioned on
+  receipt of a majority of Auxton's voting stock on a fully
+  diluted basis.
+  
+
diff --git a/reuters/test/14933 b/reuters/test/14933
new file mode 100644
index 0000000000000000000000000000000000000000..0e50d45e95eeaaa80412db0ce4930471b3d5a16b
--- /dev/null
+++ b/reuters/test/14933
@@ -0,0 +1,19 @@
+CALIFORNIA BIOTECH <CBIO> SEES 1ST QTR LOSS
+  California Biotechnology
+  Inc said it expects to report a loss of 1,300,000 dlrs to
+  1,600,000 dlrs for the first quarter due to increased
+  investment in research and manufacturing and a scaleup of
+  production.
+      The company said research spending is running 50 to 60 pct
+  above a year ago as it tries to commercialize its products as
+  quickly as possible, and increased expenditures are expected to
+  continue for several more quarters.  It said operating results
+  will fluctuate quarter to quarter, depending on the timing of
+  significant payments from commercial partners.
+      In the first three months of 1986, the company lost 150,000
+  dlrs.  The company changed its fiscal year in 1986 to a
+  calendar year from a year ending November 30.  For the first
+  quarter of last year, ended February 28, California Biotech
+  earned 114,000 dlrs.
+  
+
diff --git a/reuters/test/14934 b/reuters/test/14934
new file mode 100644
index 0000000000000000000000000000000000000000..bc885e494e6991d7fa352156fae27e9242f1d538
--- /dev/null
+++ b/reuters/test/14934
@@ -0,0 +1,6 @@
+PALL CORP <PLL> SETS QUARTERLY DIVIDEND
+  Qtly div 8-1/2 cts vs 8-1/2 cts prior
+      Pay May One
+      Record April 20
+  
+
diff --git a/reuters/test/14941 b/reuters/test/14941
new file mode 100644
index 0000000000000000000000000000000000000000..e1537f6e5f108a9964f34c3a900f7b370f7f667d
--- /dev/null
+++ b/reuters/test/14941
@@ -0,0 +1,23 @@
+UNILEVER SEEKS BUYER FOR STAUFFER CHEMICAL
+  Unilever Plc and NV <UN.AS> has issued a
+  prospectus through investment bankers Goldman Sachs and Co
+  seeking a buyer for <Stauffer Chemical Co> of the U.S., Which
+  it acquired with the recent takeover of <Chesebrough-Pond's
+  Inc>, a Unilever spokesman said.
+      He noted Unilever has been indicating plans to dispose of
+  Stauffer, plus some smaller assets of Chesebrough, since the
+  bid was made in December.
+      The Stauffer sale prospectus has been sent in recent weeks
+  to a number of companies expressing interest.
+      The Unilever spokesman declined to say how much the group
+  expected to receive for Stauffer.
+      Chesebrough's footwear and tennis racket businesses are
+  also likely to be disposed of, he added.
+      Immediately available financial information on Stauffer,
+  which is wholly-owned, was limited, he added. Nine month sales
+  to September 1986 were about 1.2 billion dlrs.
+      Unilever aquired Chesebrough for 3.2 billion dlrs in order
+  to benefit from its well-known toiletry brands and food
+  products.
+  
+
diff --git a/reuters/test/14943 b/reuters/test/14943
new file mode 100644
index 0000000000000000000000000000000000000000..4e7a02319dc6efaf990ff40b8f279e66e46204a2
--- /dev/null
+++ b/reuters/test/14943
@@ -0,0 +1,4 @@
+CONRAC CORP SAID IT HAS ENTERED TALKS ON ITS ACQUISITION WITH SEVERAL PARTIES
+  CONRAC CORP SAID IT HAS ENTERED TALKS ON ITS ACQUISITION WITH SEVERAL PARTIES
+  
+
diff --git a/reuters/test/14949 b/reuters/test/14949
new file mode 100644
index 0000000000000000000000000000000000000000..ec08ebaeba410d126316759096d8a1b661c80bf8
--- /dev/null
+++ b/reuters/test/14949
@@ -0,0 +1,19 @@
+CONRAC <CAX> IN MERGER TALKS WITH SEVERAL
+  Conrac Corp sait has started
+  negotiations with several interested parties on its possible
+  acquisition.
+      It said there can be no assurance that any transaction will
+  result from the talks.  It gave no further details.
+      Mark IV Industries Inc <IV> started tendering for all
+  Conrac shares at 25 dlrs each on March 24 and owned 9.9 pct of
+  Conrac before starting the bid.
+      Conrac is a producer and marketer of computer-related
+  information display and communications equipment which also
+  produces special purpose architectural and industrial products.
+      It owns Code-A-Phone Corp, a producer of telephone
+  answering machines.
+      For 1986, the company reported profits of 7.8 mln dlrs, or
+  1.16 dlrs a share, on sales of 153.9 mln dlrs. It has nearly
+  6.8 mln shares outstanding.
+  
+
diff --git a/reuters/test/14951 b/reuters/test/14951
new file mode 100644
index 0000000000000000000000000000000000000000..85523ff99fd77b160a093ab472fec305bc2f1244
--- /dev/null
+++ b/reuters/test/14951
@@ -0,0 +1,14 @@
+JAPAN'S LDP URGES MORE IMPORTS OF 12 FARM ITEMS
+  The ruling Liberal Democratic Party (LDP)
+  has proposed expanding imports of 12 farm products named in a
+  U.S. Complaint against Japan to the General Agreement on
+  Tariffs and Trade last year, an LDP official said.
+      The products include fruit juices, purees and pulp, some
+  tomato products, peanuts, prepared beef products and beans.
+      The proposal will be used as the basis for a more detailed
+  LDP economic package to cut the trade surplus with the U.S. The
+  party is expected to formalise the package before April 19,
+  when LDP General Council Chairman Shintaro Abe visits
+  Washington.
+  
+
diff --git a/reuters/test/14954 b/reuters/test/14954
new file mode 100644
index 0000000000000000000000000000000000000000..5c16e3713eccba42b61d2f8541f4a9a36153216d
--- /dev/null
+++ b/reuters/test/14954
@@ -0,0 +1,10 @@
+COMPUTER RESEARCH INC <CORE> 2ND QTR FEB 28 NET
+  Shr 14 cts vs nine cts
+      Net 217,572 vs 153,454
+      Revs 2,530,273 vs 2,558,924
+      1st half
+      Shr 19 cts vs 11 cts
+      Net 299,838 vs 174,739
+      Revs 4,865,249 vs 4,495,021
+  
+
diff --git a/reuters/test/14957 b/reuters/test/14957
new file mode 100644
index 0000000000000000000000000000000000000000..2ba2be475a622462cfbbfd8b4ed88ec81cf52345
--- /dev/null
+++ b/reuters/test/14957
@@ -0,0 +1,16 @@
+AUSTRALIAN FOREIGN SHIP BAN ENDS
+  Tug crews in New South Wales (NSW),
+  Victoria and Western Australia yesterday lifted their ban on
+  foreign-flag ships carrying containers but NSW ports are still
+  being disrupted by a separate dispute, shipping sources said.
+      The ban, imposed a week ago over a pay claim, had prevented
+  the movement in or out of port of nearly 20 vessels, they said.
+  The pay dispute went before a hearing of the Arbitration
+  Commission today.
+      Meanwhile, disruption began today to cargo handling in the
+  ports of Sydney, Newcastle and Port Kembla, they said.
+      The industrial action at the NSW ports is part of the week
+  of action called by the NSW Trades and Labour Council to
+  protest changes to the state's workers' compensation laws.
+  
+
diff --git a/reuters/test/14958 b/reuters/test/14958
new file mode 100644
index 0000000000000000000000000000000000000000..f8b9fc3cf370eb95f820539992d32cab60485da8
--- /dev/null
+++ b/reuters/test/14958
@@ -0,0 +1,4 @@
+RUBBERMAID INC 1ST QTR SHR 28 CTS VS 22 CTS
+  RUBBERMAID INC 1ST QTR SHR 28 CTS VS 22 CTS
+  
+
diff --git a/reuters/test/14959 b/reuters/test/14959
new file mode 100644
index 0000000000000000000000000000000000000000..43efb0a2e9f36d65d748381c077d64a1c6b04ca0
--- /dev/null
+++ b/reuters/test/14959
@@ -0,0 +1,29 @@
+INDEPENDENT CHAIRMAN FOR DUTCH CARGO DISPUTE
+  The two sides in the Rotterdam port
+  general cargo dispute have agreed to appoint an independent
+  chairman, Han Lammers, to preside over future meetings,
+  employers' spokesman Gerard Zeebregts said.
+      Lammers, Queen's Commissioner for the province of
+  Flevoland, will not act as a mediator but will draw up an
+  agenda and procedures for meetings between the employers and
+  unions on a work-practice agreement and proposed redundancies.
+      Two months of strikes in the sector began on January 19 in
+  protest at employers' proposals for 350 redundancies from the
+  4,000-strong workforce this year.
+      The strikes were called off by the main port union FNV on
+  March 13 following an Amsterdam court's interim injunction
+  against the redundancies on procedural grounds.
+      The court is due to make a final ruling on May 7 but
+  Zeebregts said he expected the judgment to go against the
+  employers and they were therefore very likely to restart the
+  complicated legal redundancy procedures in the near future.
+      Meanwhile, the dispute over a new work-practice agreement
+  in the port's grain sector continued, with 30 maintenance
+  workers on strike, although loading was not affected, a
+  spokesman for Graan Elevator Mij, the largest employer in the
+  sector, said.
+      The employers have written to the union asking it to
+  reconsider its position and a meeting of union members has been
+  called for tomorrow.
+  
+
diff --git a/reuters/test/14960 b/reuters/test/14960
new file mode 100644
index 0000000000000000000000000000000000000000..05c79943b823e0e357eeeae4ec559d166428bf27
--- /dev/null
+++ b/reuters/test/14960
@@ -0,0 +1,12 @@
+ELECTRO RENT CORP <ELRC> 3RD QTR FEB 28 NET
+  Shr 20 cts vs 32 cts
+      Net 1,358,000 vs 2,476,000
+      Revs 27.1 mln vs 26.2 mln
+      Avg shrs 6,852,000 vs 7,764,000
+      Nine mths
+      Shr 68 cts vs 1.05 dlrs
+      Net 4,957,000 vs 8,129,000
+      Revs 82.6 mln vs 78.8 mln
+      Avg shrs 7,316,000 vs 7,754,000
+  
+
diff --git a/reuters/test/14962 b/reuters/test/14962
new file mode 100644
index 0000000000000000000000000000000000000000..e788d8cd0f2e9c135403656169e50d7c454d5dcc
--- /dev/null
+++ b/reuters/test/14962
@@ -0,0 +1,6 @@
+RUBBERMAID INC <RBD> 1ST QTR NET
+  Shr 28 cts vs 22 cts
+      Net 20.6 mln vs 16.1 mln
+      Sales 238.0 mln vs 188.8 mln
+  
+
diff --git a/reuters/test/14963 b/reuters/test/14963
new file mode 100644
index 0000000000000000000000000000000000000000..1cce0805523a39f2a8be93b4ae8154dd8d3507d4
--- /dev/null
+++ b/reuters/test/14963
@@ -0,0 +1,10 @@
+WTC INTERNATIONAL INC <WAF> 4TH QTR FEB 28 NET
+  Shr profit 13 cts vs loss 33 cts
+      Net profit 1,149,000 vs loss 2,833,000
+      Rev 51.8 mln vs 47.8 mln
+      Year
+      Shr profit 24 cts vs loss 18 cts
+      Net profit 2,050,000 vs loss 1,551,000
+      Rev 200.6 mln vs 180.1 mln
+  
+
diff --git a/reuters/test/14964 b/reuters/test/14964
new file mode 100644
index 0000000000000000000000000000000000000000..a95da1af6e9565deec4461fd82cd459af5be77b9
--- /dev/null
+++ b/reuters/test/14964
@@ -0,0 +1,13 @@
+U.K. MONEY MARKET GIVEN FURTHER 166 MLN STG HELP
+  The Bank of England said it provided the
+  market with further help totalling 166 mln stg during the
+  afternoon.
+      In band one, it bought 31 mln stg of treasury bills and
+  three mln stg of bank bills at 9-7/8 pct, while in band two it
+  bought 69 mln stg of bank bills at 9-13/16 pct. In addition, it
+  bought 63 mln stg of band three bank bills at 9-3/4 pct.
+      This brings the total assistance by the Bank so far today
+  to 219 mln stg against a liquidity shortage it has estimated at
+  around 300 mln stg.
+  
+
diff --git a/reuters/test/14965 b/reuters/test/14965
new file mode 100644
index 0000000000000000000000000000000000000000..1a83979b802acfbdc0148a16f4e785ee81e9b14b
--- /dev/null
+++ b/reuters/test/14965
@@ -0,0 +1,4 @@
+MEAD CORP 1ST QTR OPER SHR 1.09 DLRS VS 67 CTS
+  MEAD CORP 1ST QTR OPER SHR 1.09 DLRS VS 67 CTS
+  
+
diff --git a/reuters/test/14967 b/reuters/test/14967
new file mode 100644
index 0000000000000000000000000000000000000000..0954da415e27719a2083f352a1bbd6f637d1a7ab
--- /dev/null
+++ b/reuters/test/14967
@@ -0,0 +1,10 @@
+RUBBERMAID <RBD> SEES CONTINUED IMPROVEMENT
+  Rubbermaid Inc said its incoming
+  order rates continue strong and it expects to continue
+  recording favorable year to year comparisons in each remaining
+  quarter of 1987.
+      Today the company reported first quarter earnings of 20.6
+  mln dlrs on sales of 238.0 mln dlrs, up from earnings of 16.1
+  mln dlrs on sales of 188.8 mln dlrs.
+  
+
diff --git a/reuters/test/14968 b/reuters/test/14968
new file mode 100644
index 0000000000000000000000000000000000000000..c06066073316e41f280fb043582fc529b0677e29
--- /dev/null
+++ b/reuters/test/14968
@@ -0,0 +1,6 @@
+CAYUGA SAVINGS BANK <CAYB> 1ST QTR NET
+  Shr 55 cts vs 41 cts
+      Net 494,000 vs 204,000
+      Avg shrs 896,655 vs 494,155
+  
+
diff --git a/reuters/test/14969 b/reuters/test/14969
new file mode 100644
index 0000000000000000000000000000000000000000..6d2db66d24d27389d3865e8c4aa5a4e93b502a07
--- /dev/null
+++ b/reuters/test/14969
@@ -0,0 +1,9 @@
+JOHNSTOWN SAVINGS BANK FSB <JSBK> 1ST QTR NET
+  Shr 33 cts vs not given
+      Net 642,484 vs 362,883
+      NOTE: Company went public in October 1986.
+      Net includes pretax loan loss provisions of 90,000 dlrs vs
+  56,250 dlrs and gain on sale of securities of 113,432 dlrs vs
+  88,946 dlrs.
+  
+
diff --git a/reuters/test/14970 b/reuters/test/14970
new file mode 100644
index 0000000000000000000000000000000000000000..d19651d351746fc0475b51e6c1c3948e4ff092ff
--- /dev/null
+++ b/reuters/test/14970
@@ -0,0 +1,10 @@
+HOME SAVINGS AND LOAN ASSOCIATION INC <HSLD>
+  2nd qtr March 31
+      Shr 57 cts vs not given
+      Net 790,874 vs 628,020
+      1st half
+      Shr 1.15 dlrs vs not given
+      Net 1,588,985 vs 1,073,163
+      NOTE: Company recently went public.
+  
+
diff --git a/reuters/test/14971 b/reuters/test/14971
new file mode 100644
index 0000000000000000000000000000000000000000..991c58121e85bbca72df47d89476ae9441854ee7
--- /dev/null
+++ b/reuters/test/14971
@@ -0,0 +1,10 @@
+GEODYNAMICS CORP <GDYN> 3RD QTR FEB 27 NET
+  Shr 21 cts vs 20 cts
+      Net 596,000 vs 594,000
+      Revs 8,693,000 vs 8,164,000
+      Nine mths
+      Shr 61 cts vs 58 cts
+      Net 1,784,000 vs 1,653,000
+      Revs 26.3 mln vs 23.0 mln
+  
+
diff --git a/reuters/test/14974 b/reuters/test/14974
new file mode 100644
index 0000000000000000000000000000000000000000..97ee2ebc2642213af2cd0c75424ecfcc3e07f400
--- /dev/null
+++ b/reuters/test/14974
@@ -0,0 +1,7 @@
+SWEDISH UNEMPLOYMENT STEADY IN MARCH
+  Swedish unemployment was steady at 2.2
+  pct of the workforce in March compared with the previous month,
+  the Central Bureau of Statistics said.
+      In March 1986, the figure stood at 2.4 pct.
+  
+
diff --git a/reuters/test/14975 b/reuters/test/14975
new file mode 100644
index 0000000000000000000000000000000000000000..bbbaf4e99985dfb47bddd38524ddee7aca6db62b
--- /dev/null
+++ b/reuters/test/14975
@@ -0,0 +1,23 @@
+COMPAQ <CPQ> EXPECTS HIGHER FIRST QUARTER NET
+  Compaq Computer Corp said it expects
+  sales and earnings for the first quarter of 1987 to be higher
+  than analysts expectations due to strong demand for its
+  products.
+      Rod Canion, president and chief executive officer of
+  Compaq, said he expects sales of over 200 mln dlrs for the
+  period ending March 31, above analysts' estimates of 165-185
+  mln dlrs. He added that earnings per share would exceed
+  analysts estimates of as high as 42 cts a share.
+      Compaq reported earnings of 8.3 mln dlrs, or 30 cts a
+  share, and sales of 144 mln dlrs for the first quarter 1986.
+      The company said demand for its DESKPRO 386, PORTABLE III
+  and the new COMPAQ DESKPRO 286 will contribute to the sales
+  increase.
+      "The initial demand for the recently introduced COMPAQ
+  PORTABLE III and the new models of the COMPAQ DESKPRO 286
+  exceeds that of any other Compaq personal computers," Canion
+  said. "We saw continued demand for our personal computers
+  across the quarter, with March (1987) being a particularly
+  strong month.
+  
+
diff --git a/reuters/test/14978 b/reuters/test/14978
new file mode 100644
index 0000000000000000000000000000000000000000..659479600769a6fd94e64d68e030a4c8d3a5a7d5
--- /dev/null
+++ b/reuters/test/14978
@@ -0,0 +1,14 @@
+I.U. INTERNATIONAL <IU> TO SELL INSURANCE UNITS
+  I.U. International Co said it
+  reached a preliminary agreement to sell the Hawaiian Insurance
+  Cos to Hawaiian Electric Industries Inc. <HE>.
+      Terms of the transaction were not disclosed, the company
+  said.
+      The transaction is subject to the execution of definitive
+  agreements, certain governmental approvals and approvals by the
+  boards of directors involved, I.U. International said.
+      Hawaiian Electric said the planned purchase was part of its
+  strategy to increase the company's investment in selected
+  service industries in Hawaii, including financial services.
+  
+
diff --git a/reuters/test/14981 b/reuters/test/14981
new file mode 100644
index 0000000000000000000000000000000000000000..7b6ded9945466f757cf7ced066f8bdb92bd8abf5
--- /dev/null
+++ b/reuters/test/14981
@@ -0,0 +1,10 @@
+CXR TELCOM CORP <CXRL> 3RD QTR MARCH 31 NET
+  Shr nil vs nil
+      Net 215,000 vs 16,000
+      Revs 2,800,000 vs 1,100,000
+      Nine mths
+      Shr one ct vs nil
+      Net 620,000 vs 231,000
+      Revs 8,100,000 vs 2,100,000
+  
+
diff --git a/reuters/test/14982 b/reuters/test/14982
new file mode 100644
index 0000000000000000000000000000000000000000..b78b0b4ac7c3d617dfd3bfce13096868a199716f
--- /dev/null
+++ b/reuters/test/14982
@@ -0,0 +1,54 @@
+PROXMIRE OUTLINES INSIDER TRADING LEGISLATION
+  Senate Banking Committee Chairman
+  William Proxmire (D-Wis) said he planned to introduce
+  legislation shortly to require greater public disclosure of
+  corporate takeovers and fairer treatment for all shareholders.
+      Speaking to the National Association of Manufacturers,
+  Proxmire said recent insider trading stock scandals increased
+  the chance that Congress will act to curb abuses.
+      "We are proposing legislation that would provide for more
+  disclosure, would be fairer to all shareholders, and would
+  insure that takeovers are properly financed," he said.
+      Among the provisions, the bill would reduce the threshold
+  for notifying the Securities and Exchange Commission that a
+  investor or group has acquired a percentage of stock in a
+  company to three pct from the current five pct threshold within
+  10 days, Proxmire said.
+      In addition, there would be a pre-notificaton requirement
+  that an investor intended to aquire three pct that would have
+  to filed with the SEC.
+      Proxmire said the pre-notification requirement was meant to
+  prevent arbitragers from having a jump on the general public in
+  knowing about coming takeover attempts.
+      Proxmire said he would call for extending the period that a
+  tender offer must be kept open under the Williams Act to 60
+  business days from the current 20 business days.
+      His bill would provide for private suits if the acquiring
+  company violated the time period on the tender offer.
+      To correct abuses in the financing of takeovers, Proxmire
+  said the legislation would aim at insuring current margin
+  requirments are properly enforced.
+      The Federal Reserve Board has a 50 pct margin requirement
+  for purchasing stock, but Proxmire said it is not generally
+  enforced in hostile takeovers.
+      Rather, the groups or individuals leading a takeover
+  declare that they can raise the capital for a takeover without
+  actually putting any of their own money, Proxmire said.
+      He said his bill would allow private suits for damages for
+  failure to meet the Federal Reserve's 50 pct margin
+  requirements.
+      The bill also would require more disclose when several
+  investors form an alliance in a hostile takeover.
+      "When Pickens and Icahn get together we want people to know
+  about it," Proxmire said.
+      Proxmire said he favored the approach used in Britain
+  towards two-tiered tender offers that insures that all
+  shareholders recieve equal treatment.
+      He said he expected amendments to the bill also would cover
+  defensive mechanisms such as green mail and poison pills.
+      Proxmire said he intended to introduce his bill later this
+  month and predicted the Senate committee would act this spring.
+      He said he was hopeful Congress could pass a bill this
+  year.
+  
+
diff --git a/reuters/test/14983 b/reuters/test/14983
new file mode 100644
index 0000000000000000000000000000000000000000..10ce5a15c967de51c8c53f74497bd5ea44d44426
--- /dev/null
+++ b/reuters/test/14983
@@ -0,0 +1,13 @@
+HELEN OF TROY CORP <HELE> 4TH QTR FEB 28 NET
+  Shr 17 cts vs 13 cts
+      Net 598,000 vs 392,000
+      Sales 10.2 mln vs 7,474,000
+      Avg shrs 3,432,000 vs 3,045,000
+      Year
+      Oper shr profit 1.05 dlrs vs loss 47 cts
+      Oper net profit 3,498,000 vs loss 1,427,000
+      Sales 52.2 mln vs 40.8 mln
+      Avg shrs 3,320,000 vs 3,060,000
+      NOTE: Latest year net excludes 782,000 dlr tax credit.
+  
+
diff --git a/reuters/test/14984 b/reuters/test/14984
new file mode 100644
index 0000000000000000000000000000000000000000..9e2e9ea5fdbc71e01b0bd9450c6e6d6c68d3325e
--- /dev/null
+++ b/reuters/test/14984
@@ -0,0 +1,24 @@
+BANKERS TRUST <BT> PUTS BRAZIL ON NON-ACCRUAL
+  Bankers Trust New York Corp said it has
+  placed its approximately 540 mln dlrs of medium- and long-term
+  loans to Brazil on non-accrual status and that first-quarter
+  net income will be reduced by about seven mln dlrs as a result.
+      Brazil suspended interest payments on its 68 billion dlrs
+  of medium- and long-term debt on February 22.
+      U.S. banking regulations do not require banks to stop
+  accruing interest on loans until payments are 90 days overdue,
+  but Bankers Trust said it acted now because of "the high
+  potential of a continued suspension that would result in
+  reaching the 90-day limit in the second quarter of 1987."
+      Assuming no cash payments at current interest rates are
+  received for the rest of 1987, Bankers Trust estimated that
+  full-year net income would be reduced by about 30 mln dlrs.
+      Bankers Trust said it assumes that debt negotiations
+  between Brazil and its commercial bank lenders will lead to the
+  resumption of interest payments.
+      The negotiations resume in New York on Friday when central
+  bank governor Francisco Gros is expected to ask banks for a
+  90-day rollover of some 9.5 billion dlrs of term debt that
+  matures on April 15.
+  
+
diff --git a/reuters/test/14985 b/reuters/test/14985
new file mode 100644
index 0000000000000000000000000000000000000000..bf56972d1c4eac768ba4d409edae92c339320b6f
--- /dev/null
+++ b/reuters/test/14985
@@ -0,0 +1,6 @@
+<FIRST MERCANTILE CURRENCY FUND INC> 1ST QTR NET
+  Shr profit 63 cts vs 22 cts
+      Net 775,868 vs 276,446
+      Revs 2,255,742 vs 706,130
+  
+
diff --git a/reuters/test/14986 b/reuters/test/14986
new file mode 100644
index 0000000000000000000000000000000000000000..9dc9fa5850efc7eef79007dcd24a339b0f5763c1
--- /dev/null
+++ b/reuters/test/14986
@@ -0,0 +1,5 @@
+ UK INTERVENTION BD SAYS EC SOLD 118,350 TONNES WHITE SUGAR AT REBATE 46.496 ECUS.
+
+   UK INTERVENTION BD SAYS EC SOLD 118,350 TONNES WHITE SUGAR AT REBATE 46.496 ECUS.
+  
+
diff --git a/reuters/test/14987 b/reuters/test/14987
new file mode 100644
index 0000000000000000000000000000000000000000..6e2eb376b479e9f5bfc2e869b13f5e285914b4cf
--- /dev/null
+++ b/reuters/test/14987
@@ -0,0 +1,45 @@
+STOLTENBERG SEES MOVES TO STRENGTHEN PARIS ACCORD
+  West German Finance Minister Gerhard
+  Stoltenberg said today's meetings of major industrial countries
+  would look at ways of strengthening the Paris accord on
+  stabilizing foreign exchange rates.
+      Stoltenberg told journalists he saw no fundamental weakness
+  of the February 22 agreement of the Group of Five countries and
+  Canada to keep exchange rates near the then-current levels.
+      But he declined to say what measures would be discussed
+  ahead of a communique of the Group of Seven ministers later
+  today.
+      Stoltenberg and Bundesbank President Karl Otto Poehl said
+  the importance of the Paris agreement, also known as the Louvre
+  accord, had been underestimated.
+      Stoltenberg said there is greater agreement now among major
+  countries than six months ago, at the time of the annual
+  meeting of the International Monetary Fund and World Bank,
+  marked by sharp discord between the United States and its major
+  trading partners.
+      "There is no fundamental weakness of the Paris accord," he
+  said. "We will be looking at ways of strengthening it, but I do
+  not want to discuss that here.
+      Stoltenberg said the Louvre agreement was working despite a
+  "slight firming" of the yen against the dollar.
+      And Poehl noted that the dollar/mark parity was unchanged
+  since February 22 without the Bundesbank having had to sell
+  marks to support the dollar.
+      "The Louvre agreement has been honored by the market," he
+  said.
+      Poehl said West Germany had lived up to its side of the
+  bargain in Paris by preparing the way for tax cuts to be
+  accelerated as a way of stimulating growth.
+      Poehl said, however, that Japan had not yet fulfilled its
+  pledges for economic stimulation.
+      "And we will have to see if the United States is able to do
+  what they promised in Paris on reducing the budget deficit --
+  and get it through Congress," he added.
+      Stoltenberg reiterated West German concern about a further
+  fall in the dollar, noting that the mark was up 85 pct against
+  the dollar and nearly 20 pct on a trade-weighted basis.
+      "You cannot expect that to go unnoticed in an economy. And
+  it is not just a German problem, it is a European problem," he
+  said.
+  
+
diff --git a/reuters/test/14988 b/reuters/test/14988
new file mode 100644
index 0000000000000000000000000000000000000000..c6b235e0a8b682dec070f4d551138790691db0a5
--- /dev/null
+++ b/reuters/test/14988
@@ -0,0 +1,21 @@
+U.K. INTERVENTION BOARD DETAILS EC SUGAR SALES
+  A total 118,350 tonnes of current series
+  white sugar received export rebates of a maximum 46.496
+  European Currency Units (Ecus) per 100 kilos at today's
+  European Community (EC) tender, the U.K. Intervention Board
+  said.
+      Out of this, traders in the U.K. Received 37,800 tonnes, in
+  France 34,500, in West Germany 20,000, in Belgium 18,500, in
+  Spain 5,800 and in Denmark 1,750 tonnes, it added.
+      Earlier today, London traders had declined to give a
+  projected view on the level of subsidy although some said total
+  tonnage awards would be around 60,000 tonnes.
+      Paris traders foresaw between 60,000 and 100,000 tonnes
+  being authorised for export at a 46.40/46.50 Ecu subsidy.
+      Cumulative sales authorisations for the current season
+  (1986/87) now stand at 2,194,970 tonnes (43 weeks).
+      Last week saw 102,350 tonnes whites authorised for export
+  under licences to end-Sep at the higest ever rebate of 46.864
+  European Currency Units (Ecus) per 100 kilos.
+  
+
diff --git a/reuters/test/14993 b/reuters/test/14993
new file mode 100644
index 0000000000000000000000000000000000000000..b597df2a0ed5d9ed66c396536e7a6599e74a1f35
--- /dev/null
+++ b/reuters/test/14993
@@ -0,0 +1,25 @@
+MEAD <MEA> EXPECTS IMPROVED EARNINGS THIS YEAR
+  Mead Corp said the outlook for its
+  major paper markets looks strong for the second quarter and
+  augurs well for its earnings in 1987.
+      "The generally strong outlook bodes well for significantly
+  improved earnings this year," Burnell Roberts, chairman and
+  chief executive officer said.
+      Earlier, the company reported first quarter earnings of
+  34.2 mln dlrs, or 1.09 dlrs a share, versus 20.3 mln dlrs, or
+  65 cts a share, in last year's first quarter.
+      In 1986 the company reported earnings from continuing
+  operations of 109.3 mln dlrs, or 3.50 dlrs a share.
+      Mead said its first quarter benefitted from stronger market
+  conditions and improved operations.
+      "The combination of capital improvement programs and more
+  employee involvement has been paying off throughout our paper
+  operations," Roberts said.
+      He added that Mead's pulp and paperboard businesses are
+  operating well as prices have improved and strong demand has
+  placed most products in a sold-out position through the middle
+  of the year.
+      Mead said sales of its unbleached coated paperboard was
+  particularly strong, up 13 pct versus the first quarter 1986.
+  
+
diff --git a/reuters/test/14995 b/reuters/test/14995
new file mode 100644
index 0000000000000000000000000000000000000000..7a1d0e025f187f922781ad6dc7cb81c75b7c131c
--- /dev/null
+++ b/reuters/test/14995
@@ -0,0 +1,6 @@
+AMERTEK INC <ATEKF> 1ST QTR NET
+  Shr profit 20 cts vs loss three cts
+      Net profit 849,299 vs loss 82,512
+      Revs 7,929,138 vs 3,849,224
+  
+
diff --git a/reuters/test/14998 b/reuters/test/14998
new file mode 100644
index 0000000000000000000000000000000000000000..d45abc1b54e4041473b21e06bd3d3e8b9ebb5570
--- /dev/null
+++ b/reuters/test/14998
@@ -0,0 +1,10 @@
+ALEX BROWN INC <ABSB> 1ST QTR MARCH 27 NET
+  Shr primary 78 cts vs 68 cts
+      Shr diluted 75 cts vs 68 cts
+      Qtrly div six cts vs five cts
+      Net 7,929,000 vs 6,569,000
+      Revs 78.7 mln vs 61.9 mln
+      NOTE: Pay date for the qtrly div is April 28 for
+  shareholders of record April 20.
+  
+
diff --git a/reuters/test/15000 b/reuters/test/15000
new file mode 100644
index 0000000000000000000000000000000000000000..d1ab38f73485ac96ff4d6ede27af3cd8708650ce
--- /dev/null
+++ b/reuters/test/15000
@@ -0,0 +1,14 @@
+TOWN AND COUNTRY JEWELRY MANUFACTURING <TCJC>
+  4thh qtr Feb 28
+      Shr 46 cts vs 22 cts
+      Net 2,139,034 vs 854,182
+      Sales 30.8 mln vs 20.6 mln
+      Avg shrs 5,280,854 vs 4,559,646
+      Year
+      Shr 1.34 dlrs vs 1.15 dlrs
+      Net 5,935,117 vs 4,156,171
+      Sales 107.2 mln vs 71.6 mln
+      Avg shrs 5,281,387 vs 3,616,183
+      NOTE: Town and Country Jewelry Manufacturing Corp.
+  
+
diff --git a/reuters/test/15001 b/reuters/test/15001
new file mode 100644
index 0000000000000000000000000000000000000000..27b3a86fe7c12d2fff735e43e0368d60e9443cf2
--- /dev/null
+++ b/reuters/test/15001
@@ -0,0 +1,6 @@
+PAXAR CORP <PAKS> MAKES ACQUISITION
+  Paxar Corp said it has
+  acquired Thermo-Print GmbH of Lohn, West Germany, a distributor
+  of Paxar products, for undisclosed terms.
+  
+
diff --git a/reuters/test/15002 b/reuters/test/15002
new file mode 100644
index 0000000000000000000000000000000000000000..28d849c597fc746d8a4a15b9c7b345652868d56a
--- /dev/null
+++ b/reuters/test/15002
@@ -0,0 +1,6 @@
+<MARK'S WORK WEARHOUSE LTD> YEAR JAN 31 NET
+  Shr 10 cts vs 32 cts
+      Net 975,000 vs 3,145,000
+      Sales 159.1 mln vs 147.3 mln
+  
+
diff --git a/reuters/test/15004 b/reuters/test/15004
new file mode 100644
index 0000000000000000000000000000000000000000..bc6232e900fafce4d86ca1ea7b28496e190918e0
--- /dev/null
+++ b/reuters/test/15004
@@ -0,0 +1,9 @@
+CANADIAN BASHAW, ERSKINE RESOURCES TO MERGE
+  Canadian Bashaw Leduc Oil and
+  Gas Ltd said it agreed to merge with Erskine Resources Ltd.
+  Terms were not disclosed.
+      Ownership of the combined company with 18.8 pct for the
+  current shareholders of Canadian Bashaw and 81.2 pct to the
+  current shareholders of Erskine, the companies said.
+  
+
diff --git a/reuters/test/15005 b/reuters/test/15005
new file mode 100644
index 0000000000000000000000000000000000000000..d6e6f7f0c0d20f6ce9f7a6f26341d2d0f813a036
--- /dev/null
+++ b/reuters/test/15005
@@ -0,0 +1,14 @@
+ENTOURAGE <ENTG> HAS FIRST QUARTER LOSS
+  Entourage International Inc said it had
+  a first quarter loss of 104,357 dlrs, after incurring 70,000
+  dlrs in costs for an internal audit, a report for shareholders
+  and proxy soliciation and 24,000 dlrs in startup expenses for
+  opening London offices.
+      The company went public during 1986.
+      Entourage also said it has started marketing a solid
+  perfume packaged in a lipstick tube called "Amadeus," retailing
+  at 15 dlrs.
+      The company also said it has acquired North Country Media
+  Group, a video productions company.
+  
+
diff --git a/reuters/test/15006 b/reuters/test/15006
new file mode 100644
index 0000000000000000000000000000000000000000..198baf9310aa71b19fa018b49a5d55c899b9b34d
--- /dev/null
+++ b/reuters/test/15006
@@ -0,0 +1,6 @@
+<MR. JAX FASHIONS INC> YEAR FEB 28 NET
+  Shr 58 cts vs 29 cts
+      Net 3,141,000 vs 1,440,000
+      Sales 24.7 mln vs 13.0 mln
+  
+
diff --git a/reuters/test/15011 b/reuters/test/15011
new file mode 100644
index 0000000000000000000000000000000000000000..68426193b65a989a1b1638ea28ca8e45bdc27eb4
--- /dev/null
+++ b/reuters/test/15011
@@ -0,0 +1,5 @@
+F.W. WOOLWORTH CO SAYS IT HIKES DIVIDEND TO 33 CTS A SHARE FROM 28 CTS
+
+  F.W. WOOLWORTH CO SAYS IT HIKES DIVIDEND TO 33 CTS A SHARE FROM 28 CTS
+  
+
diff --git a/reuters/test/15012 b/reuters/test/15012
new file mode 100644
index 0000000000000000000000000000000000000000..e8a46ff05599976ab14432cc1d7736728b7df807
--- /dev/null
+++ b/reuters/test/15012
@@ -0,0 +1,6 @@
+F.W. WOOLWORTH CO <Z> HIKES DIVIDEND
+  Qtly div 33 cts vs 28 cts prior
+      Pay June 1
+      Record May 1
+  
+
diff --git a/reuters/test/15013 b/reuters/test/15013
new file mode 100644
index 0000000000000000000000000000000000000000..6773b115c1c4e12179e126922cc6e080095e1809
--- /dev/null
+++ b/reuters/test/15013
@@ -0,0 +1,25 @@
+DUTCH SUGAR BEET PLANTING HALF FINISHED
+  Roughly half of this year's expected
+  130,000 hectare Dutch sugar beet crop is already in the ground,
+  a spokesman for Suiker Unie, the largest sugar processor in the
+  Netherlands, told Reuters.
+      Conditions are generally good and the average sowing date
+  for the crop is expected to be around April 11, against April
+  23 last year, and a 10-year average of April 14, the spokesman
+  added.
+      "It is far too early yet to say what kind of output we can
+  expect when it comes to harvest in September, but at least the
+  crop is off to a very good start," he said.
+      Last year, the Netherlands planted a record 137,600
+  hectares of sugar beet and produced a record 1.2 mln tonnes of
+  white sugar, substantially more than the country's combined "A"
+  and "B" quota of 872,000 tonnes.
+      This year, however, a self-imposed quota system has been
+  introduced with the aim of cutting plantings to 130,000
+  hectares and reducing white sugar output to around 915,000
+  tonnes to minimise the amount of non-quota "C" sugar produced.
+      Only farmers with a record of growing suger beet have been
+  allotted quotas. This is expected to prevent the area being
+  boosted by dairy or cereal farmers moving into sugar.
+  
+
diff --git a/reuters/test/15016 b/reuters/test/15016
new file mode 100644
index 0000000000000000000000000000000000000000..482cd0acd1ef7c8120f3ea483c428a5a2e05dab0
--- /dev/null
+++ b/reuters/test/15016
@@ -0,0 +1,5 @@
+J.P. MORGAN AND CO INC 1ST QTR SHR 1.22 DLRS VS 1.28 DLRS
+
+  J.P. MORGAN AND CO INC 1ST QTR SHR 1.22 DLRS VS 1.28 DLRS
+  
+
diff --git a/reuters/test/15017 b/reuters/test/15017
new file mode 100644
index 0000000000000000000000000000000000000000..32102bfbe97a373763e6e389d51689531b516edd
--- /dev/null
+++ b/reuters/test/15017
@@ -0,0 +1,10 @@
+EC COMMISSION DETAILS SUGAR TENDER
+  The EC Commission confirmed it granted
+  export licences for 118,350 tonnes of current series white
+  sugar at a maximum export rebate of 46.496 European Currency
+  Units (ECUs) per 100 kilos.
+      Out of this, traders in France received 34,500 tonnes, in
+  the U.K. 37,800, in West-Germany 20,000, in Belgium 18,500, in
+  Spain 5,800 and in Denmark 1,750 tonnes.
+  
+
diff --git a/reuters/test/15020 b/reuters/test/15020
new file mode 100644
index 0000000000000000000000000000000000000000..cff81030b2738eee8ed617025aac18d11168cf4e
--- /dev/null
+++ b/reuters/test/15020
@@ -0,0 +1,24 @@
+VOLKSWAGEN DIVIDEND DECISION DUE TOMORROW
+  Volkswagen AG <VOWG.F>,
+  VW, is due to make a formal announcement about its 1986
+  dividend tomorrow after saying the 1985 level of 10 marks per
+  ordinary share would be held, despite massive losses because of
+  a suspected foreign currency fraud.
+      A spokesman said VW's supervisory board will meet tomorrow
+  to discuss the payout.  A statement will be made afterwards.
+      VW has also said disclosed profits for 1986 will reach
+  their 1985 level, despite provisions of a possible 480 mln
+  marks linked to the currency affair. The figure is virtually
+  the same as the 477 mln mark 1985 parent company net profit.
+      When VW first confirmed the currency scandal on March 10 it
+  said the management board would propose an unchanged 10-mark
+  dividend to the supervisory board. A dividend of 11 marks would
+  be proposed for the company's new preference shares.
+      Share analysts said they saw supervisory board approval of
+  the management board proposal as virtually a formality.
+  "Anything else would be more than a surprise," one said.
+      Company sources said VW would have to dig into reserves to
+  maintain the disclosed profit. Parent company reserves stood at
+  around three billion marks at end-1985.
+  
+
diff --git a/reuters/test/15023 b/reuters/test/15023
new file mode 100644
index 0000000000000000000000000000000000000000..18985dcaca68cc21c222b229133852c940d5b39e
--- /dev/null
+++ b/reuters/test/15023
@@ -0,0 +1,6 @@
+CITYTRUST BANCORP INC <CITR> 1ST QTR NET
+  Shr 1.40 dlrs vs 1.16 dlrs
+      Net 5,776,000 vs 4,429,000
+      Avg shrs 4,132,828 vs 3,834,117
+  
+
diff --git a/reuters/test/15024 b/reuters/test/15024
new file mode 100644
index 0000000000000000000000000000000000000000..6f1694f01bc5eb58f0c324d8c70a62118c272427
--- /dev/null
+++ b/reuters/test/15024
@@ -0,0 +1,11 @@
+SOUTHMARK <SM> ACQUIRES 28 NURSING HOMES
+  Southmark Corp said it acquired 28
+  long-term care facilities containing for approximately 70 mln
+  dlrs in cash.
+      It said the facilities, which contain approximately 2,500
+  beds in seven western states, were bought from Don Bybee and
+  Associates, of Salem,Ore.
+      The acquistion brings to 57 health care facilities acquired
+  in the last three months, the company said.
+  
+
diff --git a/reuters/test/15026 b/reuters/test/15026
new file mode 100644
index 0000000000000000000000000000000000000000..7a255268e188ec378c4b4e2bfb7d8c19208bb9bf
--- /dev/null
+++ b/reuters/test/15026
@@ -0,0 +1,13 @@
+J.P. MORGAN AND CO INC <JPM> 1ST QTR NET
+  shr 1.22 dlrs vs 1.28 dlrs
+      net 226.4 mln vs 233.9 mln
+      assets 80.45 billion vs 70.23 billion
+      loans 35.16 billion vs 35.99 billion
+      deposits 45.22 billion vs 39.68 billion
+      return on assets 1.14 pct vs 1.35 pct
+      return on common equity 18.20 pct vs 22.08 pct
+      NOTE: 1987 qtr net was reduced by 20 mln dlrs because 1.3
+  billion dlrs of loans to Brazil were placed on non-accrual.
+      loan loss provision 35 mln dlrs vs 70 mln year earlier.
+  
+
diff --git a/reuters/test/15027 b/reuters/test/15027
new file mode 100644
index 0000000000000000000000000000000000000000..961c58340d5c7c31a69ac8547dd6d5cca2ff8367
--- /dev/null
+++ b/reuters/test/15027
@@ -0,0 +1,5 @@
+FIRSTBANC CORP OF OHIO <FBOH> 1ST QTR NET
+  Shr 74 cts vs 67 cts
+      Net 8,067,000 vs 7,317,000
+  
+
diff --git a/reuters/test/15028 b/reuters/test/15028
new file mode 100644
index 0000000000000000000000000000000000000000..8f3e68832e78a4c00a9dd81870acc0a71119d4d8
--- /dev/null
+++ b/reuters/test/15028
@@ -0,0 +1,15 @@
+MAYFAIR SUPER MARKETS INC <MYFRA> 2ND QTR NET
+  Qtr ends Feb 28
+      Shr Class A 61 cts vs 48 cts
+      Shr Class B 59 cts vs 46 cts
+      Net 2,358,000 vs 1,876,000
+      Revs 122,508,000 vs 105,871,000
+      Six mths
+      Shr Class A 1.15 dlrs vs 86 cts
+      Shr Class B 1.13 dlrs vs 84 cts
+      Net 4,485,000 vs 3,378,000
+      Revs 242,453,000 vs 210,117,000
+      NOTE: qtr and six mths prior figures reflect two-for-one
+  stock split in August 1986.
+  
+
diff --git a/reuters/test/15029 b/reuters/test/15029
new file mode 100644
index 0000000000000000000000000000000000000000..47973b5de9c4382e155d3886f0a01276cd51a4ad
--- /dev/null
+++ b/reuters/test/15029
@@ -0,0 +1,11 @@
+HANOVER INSURANCE <HINS> GET SPLIT APPROVAL
+  Hanover Insurance Co said its
+  stockholders approved a two-for-one stock split.
+      As a result of the split, Hanover said it increases the
+  number of authorized shares of capital stock from 10.4 mln,
+  having a par value of one dlr, to 20.9 mln, also having a par
+  value of one dlr.
+      The stock split is payable April 30 to stockholders of
+  record April 10, Hanover said.
+  
+
diff --git a/reuters/test/15031 b/reuters/test/15031
new file mode 100644
index 0000000000000000000000000000000000000000..1a22a3261c850ec40c3eeb7100f559d7a5aca793
--- /dev/null
+++ b/reuters/test/15031
@@ -0,0 +1,18 @@
+NATIONAL GUARDIAN <NATG> MAKES ACQUISITIONS
+  National Guardian Corp said it
+  has acquired a number of security services companies recently,
+  with aggregate revenues of about 3,500,000 dlrs, for an
+  aggregate cost of about 2,700,000 dlrs.
+      It said it acquired guard service companies C.S.C. Security
+  Gaurd Service of Paramus, N.J., from Cartel Security
+  Consultants Inc, the Guard Services Division of Security
+  Services of America of Wayne, N.J., Capital Investigations and
+  Protective Agency of Hackensack, N.J., and Meyer Detective
+  Agency Inc of National Park, N.J.
+      The company said it bought alarm service operations
+  Certified Security Services Inc of Key West, Fla., Custom
+  Security Services of Myrtle Beach, S.C., A-T-E Security Group
+  Inc of Houston and the Louisville, Kent and Nashville, Tenn,
+  offices of Wells Fargo Alarm Services.
+  
+
diff --git a/reuters/test/15032 b/reuters/test/15032
new file mode 100644
index 0000000000000000000000000000000000000000..5aa50df92bef73b3e24664e0cb62cbdd1d55ec90
--- /dev/null
+++ b/reuters/test/15032
@@ -0,0 +1,8 @@
+UNIVERSAL MEDICAL <UMBIZ> DISTRIBUTION SET
+  Qtly distribution 7-1/2 cts vs 7-1/2 cts prior (excluding
+  2-1/2 cts special)
+      Pay April 30
+      Record April 22
+      NOTE: Full name is Universal Medical Buildings L.P.
+  
+
diff --git a/reuters/test/15033 b/reuters/test/15033
new file mode 100644
index 0000000000000000000000000000000000000000..52e2d1012497f5dea35539e47a364a2d757d144c
--- /dev/null
+++ b/reuters/test/15033
@@ -0,0 +1,21 @@
+ZAMBIA DOES NOT PLAN RETAIL MAIZE PRICE HIKE
+  The Zambian government has no immediate
+  plans to follow last week's increase in the producer price of
+  maize with a hike in the retail price of maize meal, an
+  official of the ruling party said.
+      Last December, a 120 pct increase in the consumer price for
+  refined maize meal, a Zambian staple, led to food riots in
+  which at least 15 people died.
+      That price increase, which President Kenneth Kaunda later
+  revoked, followed pressure by the International Monetary Fund
+  (IMF) to reduce the government's subsidy bill.
+      However, if the producer price rise, from 6.10 dlrs to 8.67
+  dlrs per 90-kg bag, is not accompanied by a retail price
+  increase, the government will have to spend more on subsidies,
+  a practice discouraged by the IMF.
+      "There is no way out but to raise the subsidy levels of
+  meal. It (the government) would have to choose between the
+  demands of the IMF and those of the people," a Ministry of
+  Agriculture economist said.
+  
+
diff --git a/reuters/test/15037 b/reuters/test/15037
new file mode 100644
index 0000000000000000000000000000000000000000..ed38e07c75cf4dfa61847ddcea7720b210335226
--- /dev/null
+++ b/reuters/test/15037
@@ -0,0 +1,7 @@
+WEDGESTONE REALTY <WDG> ACQUISITION APPROVED
+  Wedgestone Realty Investors Trust
+  said shareholkders have approved the acquisition of its
+  advisor, Wedgestone Advisory Corp, for 600,000 shares.
+      It said completion is expected to take place April 10.
+  
+
diff --git a/reuters/test/15038 b/reuters/test/15038
new file mode 100644
index 0000000000000000000000000000000000000000..895975954d6f0087eab5402b92fa091fa5ece211
--- /dev/null
+++ b/reuters/test/15038
@@ -0,0 +1,9 @@
+SUN <SUN> CUTS HEATING OIL BARGE PRICE
+  Sun Co's Sun Refining and Marketing Co
+  subsidiary said it is decreasing the price it charges contract
+  barge customers for heating oil in ny harbor by 0.50 cent a
+  gallon, effective today.
+      The 0.50 cent a gallon price reduction brings Sun's heating
+  oil contract barge price to 50 cts a gallon, the company said.
+  
+
diff --git a/reuters/test/15043 b/reuters/test/15043
new file mode 100644
index 0000000000000000000000000000000000000000..01ec5ef23a6d75c43e52789fa833a28a08c02add
--- /dev/null
+++ b/reuters/test/15043
@@ -0,0 +1,70 @@
+FURTHER ARGENTINE COARSE GRAIN LOSSES FEARED
+  Argentine grain producers adjusted
+  their yield estimates for the 1986/87 coarse grain crop
+  downward in the week to yesterday after the heavy rains at the
+  end of March and beginning of April, trade sources said.
+      They said sunflower, maize and sorghum production estimates
+  had been reduced despite some later warm, dry weather, which
+  has allowed a return to harvesting in some areas.
+      However, as showers fell intermittently after last weekend,
+  producers feared another spell of prolonged and intense rain
+  could cause more damage to crops already badly hit this season.
+      Rains in the middle of last week reached an average of 27
+  millimetres in parts of Buenos Aires province, 83 mm in
+  Cordoba, 41 in Santa Fe, 50 in Entre Rios and Misiones, 95 in
+  Corrientes, eight in Chaco and 35 in Formosa.
+      There was no rainfall in the same period in La Pampa.
+      Producers feared continued damp conditions could produce
+  rotting and lead to still lower yield estimates for all the
+  crops, including soybean.
+      However, as the lands began drying later in the week
+  harvesting advanced considerably, reaching between 36 and 40
+  pct of the area sown in the case of sunflower.
+      Deterioration of the sunflower crop evident in harvested
+  material in Cordoba, La Pampa and Buenos Aires forced yield
+  estimates per hectare to be adjusted down again.
+      The season's sunflowerseed production is now forecast at
+  2.1 mln to 2.3 mln tonnes, against 2.2 mln to 2.4 mln forecast
+  last week and down 43.9 to 48.8 pct on the 1985/86 record of
+  4.1 mln.
+      Area sown to sunflowers was two to 2.2 mln hectares, 29.9
+  to 36.3 pct below the record 3.14 mln hectares last season.
+      Maize harvesting has also reached 36 to 40 pct of the area
+  sown. It is near completion in Cordoba and Santa Fe and will
+  begin in La Pampa and southern Buenos Aires later in April.
+      Production estimates for maize were down from last week at
+  9.5 mln to 9.8 mln tonnes, against 9.6 mln to 9.9 mln estimated
+  previously.
+      This is 22.2 to 23.4 pct below the 12.4 mln to 12.6 mln
+  tonnes estimated by private sources for the 1985/86 crop and
+  21.9 to 25.8 pct down on the official figure of 12.8 mln
+  tonnes.
+      Maize was sown on 3.58 mln to 3.78 mln hectares, two to
+  seven pct down on last season's 3.85 mln.
+      Sorghum was harvested on 23 to 25 pct of the area sown in
+  Cordoba, Santa Fe and Chaco. Harvest will start in La Pampa and
+  Buenos Aires in mid-April.
+      The total area sown was 1.23 mln to 1.30 mln hectares, 10.3
+  to 15.2 pct down on the 1.45 mln sown last season.
+      The new forecast for the sorghum crop is 2.9 mln to 3.2 mln
+  tonnes compared with three mln to 3.3 mln forecast last week,
+  and is 23.8 to 29.3 pct down on last season's 4.1 mln to 4.2
+  mln tonne crop.
+      The soybean crop for this season was not adjusted,
+  remaining at a record 7.5 mln to 7.7 mln tonnes, up 4.2 to 5.5
+  pct on the 7.2 mln to 7.3 mln estimated by private sources for
+  1985/86 and 5.6 to 8.5 pct higher than the official figure of
+  7.1 mln.
+      The area sown to soybeans this season was a record 3.7 mln
+  to 3.8 mln hectares, 10.8 to 13.8 pct up on the record 3.34 mln
+  sown in 1985/86.
+      The soybean crop is showing excessive moisture in some
+  areas and producers fear they may discover more damage. Some
+  experimental harvesting was carried out in Santa Fe on areas
+  making up only about one pct of the total crop but details on
+  this were not available.
+      Preparation of the fields for the 1987/88 wheat crop, which
+  will be sown between May and August or September, has so far
+  not been as intense as in previous years.
+  
+
diff --git a/reuters/test/15045 b/reuters/test/15045
new file mode 100644
index 0000000000000000000000000000000000000000..db4b98be893f5f819e40d4c3387f98f106c3d69b
--- /dev/null
+++ b/reuters/test/15045
@@ -0,0 +1,21 @@
+DUTCH ADJUSTED UNEMPLOYMENT RISES IN MARCH
+  Dutch seasonally adjusted unemployment
+  rose in the month to end-March to a total 693,000 from 690,600
+  at end-February, but was well down from 730,100 at end-March
+  1986, Social Affairs Ministry figures show.
+      The figure for male jobless rose by 2,000 in the month to
+  436,500 compared with 470,700 a year earlier. The figure for
+  women was 256,500 at end-March against 256,100 a month earlier
+  and 259,400 at end-March 1986.
+      On an unadjusted basis total unemployment fell by 16,500 in
+  the month to end-March to 692,200. In March 1986 the figure was
+  725,000.
+      A ministry spokesman said the unadjusted figures showed a
+  smaller than usual seasonal decrease for the time of year,
+  because of particularly cold weather delaying work in the
+  building industry. He said this explained the increase in the
+  adjusted statistics.
+      Total vacancies available rose by 1,900 to 26,300 at
+  end-March. A year earlier the figure was 28,763.
+  
+
diff --git a/reuters/test/15046 b/reuters/test/15046
new file mode 100644
index 0000000000000000000000000000000000000000..4be473b6a70f6ddb1d8b6f867c3184710b2f7d17
--- /dev/null
+++ b/reuters/test/15046
@@ -0,0 +1,3 @@
+ 8-APR-1987 11:06:39.06
+   8-APR-1987 11:06:39.06
+
diff --git a/reuters/test/15048 b/reuters/test/15048
new file mode 100644
index 0000000000000000000000000000000000000000..012d8a2f770ffea32e1467bc535f930c49d69e45
--- /dev/null
+++ b/reuters/test/15048
@@ -0,0 +1,25 @@
+TOP OFFICIALS ARRIVE AT TREASURY FOR G-5 TALKS
+  Top officials of leading industrial
+  nations arrived at the U.S. Treasury main building to begin a
+  meeting of the Group of Five.
+      Officials seen arriving by Reuter correspondents included
+  West German Finance Minister Gerhard Stoltenberg and Bundesbank
+  President Karl Otto Poehl, French Finance Minister Edouard
+  Balladur and his central banker Jacques de Larosiere.
+      Also seen arriving were Japanese Finance Minister Kiichi
+  Miyazawa and Japan's central bank governor Satoshi Sumita and
+  British Chancellor of the Exchequer and central bank governor
+  Robin Leigh Pemberton.
+      There was no immediate sign of Italian or Canadian
+  officials. Monetary sources have said a fully blown meeting of
+  the Group of Seven is expected to begin around 3 p.m. local
+  time (1900 gmt) and last at least until 6 p.m. (2200 gmt), when
+  a communique is expected to be issued.
+      Italian sources said Italian acting Finance Minister
+  Giovanni Goria met Treasury Secretary James Baker last night.
+      At those talks Baker apparently convinced Goria, who
+  declined to attend the February meeting of the Group of Seven
+  in Paris, that Italy would participate fully in any meaningful
+  decisions.
+  
+
diff --git a/reuters/test/15049 b/reuters/test/15049
new file mode 100644
index 0000000000000000000000000000000000000000..68788e220e5f299eefcaabebc9dbe994043481a3
--- /dev/null
+++ b/reuters/test/15049
@@ -0,0 +1,14 @@
+FED EXPECTED TO SET CUSTOMER REPURCHASES
+  The Federal Reserve is expected to
+  intervene in the government securities market to supply
+  temporary reserves indirectly via customer repurchase
+  agreements, economists said.
+      Economists expect the Fed to execute 2.0-2.5 billion dlrs
+  of customer repos to offset pressures from the end of the
+  two-week bank reserve maintenance period today. Some also look
+  for a permanent reserve injection to offset seasonal pressures
+  via an outright purchase of bills or coupons this afternoon.
+       The Federal funds rate opened at 6-3/8 pct and remained at
+  that level, up from yesterday's 6.17 pct average.
+  
+
diff --git a/reuters/test/15052 b/reuters/test/15052
new file mode 100644
index 0000000000000000000000000000000000000000..e791dd553ea34fdc57dbc7b0b62062912d578b21
--- /dev/null
+++ b/reuters/test/15052
@@ -0,0 +1,11 @@
+READER'S DIGEST ASSOCIATION SELLS UNIT
+  <The Reader's Digest
+  Association Inc> said it sold its subsidiary, Source
+  Telecomputing Corp, to the venture capital firm of <Welsh,
+  Carson, Anderson and Stowe>.
+      The purchase price was not disclosed, Reader's Digest said.
+      It said it purchased an 80 pct stake in Source in 1980 and
+  earned an unspecified profit on 14 mln dlrs in revenues in
+  1986.
+  
+
diff --git a/reuters/test/15053 b/reuters/test/15053
new file mode 100644
index 0000000000000000000000000000000000000000..225e6ff84ce1ec4512641c8ac8d8ad7017ff4a55
--- /dev/null
+++ b/reuters/test/15053
@@ -0,0 +1,6 @@
+WEIS MARKETS INC <WMK> 1ST QTR MARCH 28 NET
+  Shr 59 cts vs 51 cts
+      Net 18.0 mln vs 15.6 mln
+      Revs 278.6 mln vs 272.2 mln
+  
+
diff --git a/reuters/test/15055 b/reuters/test/15055
new file mode 100644
index 0000000000000000000000000000000000000000..519fb270f3419e0819c177af3312fee99d9179e5
--- /dev/null
+++ b/reuters/test/15055
@@ -0,0 +1,22 @@
+CONTINENTAL BANK INITIAL DISTRIBUTION APPROVED
+  Continental Bank of Canada said
+  shareholders approved a capital reorganization to allow an
+  initial payout by the end of May to common shareholders from
+  last year's 200 mln Canadian dlr sale of most Continental
+  assets to <Lloyds Bank PLC>'s Lloyds Bank Canada.
+      The bank said the initial distribution would take the form
+  of a stock dividend of cumulative redeemable retractable class
+  A series two preferred shares entitling holders to monthly
+  floating rate dividends at 72 pct of prime and to 12.75 dlrs a
+  share on retraction.
+      Continental said the initial payout was subject to Canadian
+  government approval.
+      The bank reiterated that total distributions to common
+  shareholders would range from 16.50 dlrs a share to 17.25 dlrs
+  including the initial stock dividend and a final distribution
+  in late 1988 or early 1989.
+      The payout of existing preferred shareholders will be
+  completed just before next month's initial distribution to
+  common shareholders, Continental added.
+  
+
diff --git a/reuters/test/15056 b/reuters/test/15056
new file mode 100644
index 0000000000000000000000000000000000000000..dbf1d250de7269093435e9e0ca1a46c014a6e861
--- /dev/null
+++ b/reuters/test/15056
@@ -0,0 +1,15 @@
+ATLAS CONSOLIDATED MINING AND DEVELOPMENT <ACMB>
+  4th qtr
+      Shr loss 17 cts vs loss 22 cts
+      Net loss 14.5 mln vs loss 18.0 mln
+      Revs 27.3 mln vs 23.7 mln
+      Year
+      Shr 58 cts vs 1.01 dlrs
+      Net loss 48.3 mln vs loss 84.2 mln
+      Revs 111.7 mln vs 141.9 mln
+      NOTE: Atlas Consolidated Mining and Development Corp of
+  Manila.
+      Translated from Philippine pesos at 20.3489 pesos to dollar
+  vs 18.5571 in quarter and 20.2315 vs 18.2743 in year.
+  
+
diff --git a/reuters/test/15060 b/reuters/test/15060
new file mode 100644
index 0000000000000000000000000000000000000000..ec7f7775851b61523dfff4dbaccfce7c91c5a8d6
--- /dev/null
+++ b/reuters/test/15060
@@ -0,0 +1,14 @@
+SCI-MED <SMLS> BOARD AGREES TO BRISTOL<BMY>DEAL
+  Sci-Med Life Systems Inc said
+  its directors approved a previously proposed agreement of
+  merger with Bristol-Myers Co.
+      The proposed transaction is subject to completion of a due
+  diligence investigation, including a review by Bristol-Myers of
+  a patent infringement suit served on Sci-Med by Advanced
+  Cardiovascular Systems Inc on March 31, 1987.
+      Bristol-Myers has the right to call off the agreement under
+  certain circumstances, it said.
+      Sci-Med said it continues to believe the patent suit is
+  without merit.
+  
+
diff --git a/reuters/test/15061 b/reuters/test/15061
new file mode 100644
index 0000000000000000000000000000000000000000..828cdfd3a5e3e2c370c58a035aeb43d6dabce241
--- /dev/null
+++ b/reuters/test/15061
@@ -0,0 +1,9 @@
+FIDELCOR <FICR> COMPLETES SALE OF UNIT
+  Fidelcor Inc said it has completed
+  the sale of its Industrial Valley Title Insurance Co subsidiary
+  to a group of investors including the unit's management for
+  undisclosed terms.
+      Industrial Valley has assets of about 37.6 mln dlrs and was
+  acquired last year along with IVB Financial Corp.
+  
+
diff --git a/reuters/test/15062 b/reuters/test/15062
new file mode 100644
index 0000000000000000000000000000000000000000..065f0744a6cafcdce1dfc959f57ad499e14977cb
--- /dev/null
+++ b/reuters/test/15062
@@ -0,0 +1,7 @@
+DATA TRANSLATION INC <DATX> 1ST QTR FEB 28 NET
+  Shr 18 cts vs 13 cts
+      Net 575,000 vs 379,000
+      Sales 6,625,000 vs 4,537,000
+      Avg shrs 3,173,000 vs 2,977,000
+  
+
diff --git a/reuters/test/15063 b/reuters/test/15063
new file mode 100644
index 0000000000000000000000000000000000000000..e0c203f5c47ad9c5e998934525324e1260a2f7fd
--- /dev/null
+++ b/reuters/test/15063
@@ -0,0 +1,97 @@
+ENERGY/U.S. PETROCHEMICAL INDUSTRY
+  Cheap oil feedstocks, the weakened U.S.
+  dollar and a plant utilization rate approaching 90 pct will
+  propel the streamlined U.S. petrochemical industry to record
+  profits this year, with growth expected through at least 1990,
+  major company executives predicted.
+      This bullish outlook for chemical manufacturing and an
+  industrywide move to shed unrelated businesses has prompted GAF
+  Corp <GAF>, privately-held Cain Chemical Inc, and other firms
+  to aggressively seek acquisitions of petrochemical plants.
+      Oil companies such as Ashland Oil Inc <ASH>, the
+  Kentucky-based oil refiner and marketer, are also shopping for
+  money-making petrochemical businesses to buy.
+      "I see us poised at the threshold of a golden period," said
+  Paul Oreffice, chairman of giant Dow Chemical Co <DOW>, adding,
+  "There's no major plant capacity being added around the world
+  now. The whole game is bringing out new products and improving
+  the old ones."
+      Analysts say the chemical industry's biggest customers,
+  automobile manufacturers and home builders that use a lot of
+  paints and plastics, are expected to buy quantities this year.
+      U.S. petrochemical plants are currently operating at about
+  90 pct capacity, reflecting tighter supply that could hike
+  product prices by 30 to 40 pct this year, said John Dosher,
+  managing director of Pace Consultants Inc of Houston. Demand
+  for some products such as styrene could push profit margins up
+  by as much as 300 pct, he said.
+      Oreffice, speaking at a meeting of chemical engineers in
+  Houston, said Dow would easily top the 741 mln dlrs it earned
+  last year and predicted it would have the best year in its
+  history.
+      In 1985, when oil prices were still above 25 dlrs a barrel
+  and chemical exports were adversely affected by the strong U.S.
+  dollar, Dow had profits of 58 mln dlrs. "I believe the entire
+  chemical industry is headed for a record year or close to it,"
+  Oreffice said.
+      GAF chairman Samuel Heyman estimated that the U.S. chemical
+  industry would report a 20 pct gain in profits during 1987.
+  Last year, the domestic industry earned a total of 13 billion
+  dlrs, a 54 pct leap from 1985.
+      The turn in the fortunes of the once-sickly chemical
+  industry has been brought about by a combination of luck and
+  planning, said Pace's John Dosher.
+      Dosher said last year's fall in oil prices made feedstocks
+  dramatically cheaper and at the same time the American dollar
+  was weakening against foreign currencies. That helped boost
+  U.S. chemical exports.
+      Also helping to bring supply and demand into balance has
+  been the gradual market absorption of the extra chemical
+  manufacturing capacity created by Middle Eastern oil producers
+  in the early 1980s.
+      Finally, virtually all major U.S. chemical manufacturers
+  have embarked on an extensive corporate restructuring program
+  to mothball inefficient plants, trim the payroll and eliminate
+  unrelated businesses. The restructuring touched off a flurry of
+  friendly and hostile takeover attempts.
+      GAF, which made an unsuccessful attempt in 1985 to acquire
+  Union Carbide Corp <UK>, recently offered three billion dlrs
+  for Borg Warner Corp <BOR>, a Chicago manufacturer of plastics
+  and chemicals. Another industry powerhouse, W.R. Grace <GRA> 
+  has divested its retailing, restaurant and fertilizer
+  businesses to raise cash for chemical acquisitions.
+      But some experts worry that the chemical industry may be
+  headed for trouble if companies continue turning their back on
+  the manufacturing of staple petrochemical commodities, such as
+  ethylene, in favor of more profitable specialty chemicals that
+  are custom-designed for a small group of buyers.
+      "Companies like DuPont <DD> and Monsanto Co <MTC> spent the
+  past two or three years trying to get out of the commodity
+  chemical business in reaction to how badly the market had
+  deteriorated," Dosher said. "But I think they will eventually
+  kill the margins on the profitable chemicals in the niche
+  market." Some top chemical executives share the concern.
+      "The challenge for our industry is to keep from getting
+  carried away and repeating past mistakes," GAF's Heyman
+  cautioned. "The shift from commodity chemicals may be
+  ill-advised. Specialty businesses do not stay special long."
+      Houston-based Cain Chemical, created this month by the
+  Sterling investment banking group, believes it can generate 700
+  mln dlrs in annual sales by bucking the industry trend.
+      Chairman Gordon Cain, who previously led a leveraged buyout
+  of Dupont's Conoco Inc's chemical business, has spent 1.1
+  billion dlrs since January to buy seven petrochemical plants
+  along the Texas Gulf Coast.
+      The plants produce only basic commodity petrochemicals that
+  are the building blocks of specialty products.
+      "This kind of commodity chemical business will never be a
+  glamorous, high-margin business," Cain said, adding that demand
+  is expected to grow by about three pct annually.
+      Garo Armen, an analyst with Dean Witter Reynolds, said
+  chemical makers have also benefitted by increasing demand for
+  plastics as prices become more competitive with aluminum, wood
+  and steel products. Armen estimated the upturn in the chemical
+  business could last as long as four or five years, provided the
+  U.S. economy continues its modest rate of growth.
+  
+
diff --git a/reuters/test/15065 b/reuters/test/15065
new file mode 100644
index 0000000000000000000000000000000000000000..3c3eb0b083c32eec3877dd5706a6df04755dc971
--- /dev/null
+++ b/reuters/test/15065
@@ -0,0 +1,24 @@
+FIDATA CORP <FID> 4TH QTR LOSS
+  Shr loss two cts vs profit 38 cts
+      Net loss 90,000 vs profit 1,685,000
+      Revs 1,826,000 vs 29.3 mln
+      Year
+      Shr profit 3.37 dlrs vs profit 46 cts
+      Net profit 15.0 mln vs profit 2,047,000
+      Revs 26.2 mln vs 123.6 mln
+      NOTE: Net includes pretax securities sale gain 10,000 dlrs
+  vs loss 1,000 dlrs in quarter and gain 486,000 dlrs vs loss
+  112,000 dlrs in year.
+      Net includes pretax gains on sale of businesses of nil vs
+  4,656,000 dlrs in quarter and 26.0 mln dlrs vs 4,656,000 dlrs
+  in year.
+      Net includes pretax losses on disposition of product line
+  of nil vs 3,150,000 dlrs in quarter and 3,300,000 dlrs vs
+  3,150,000 dlrs in year.
+      Quarter net includes tax credits of 102,000 dlrs vs 736,000
+  dlrs.
+      Net includes reversal of tax loss carryforwards of 259,000
+  dlrs vs 264,000 dlrs in quarter and tax loss carryforwards of
+  8,635,000 dlrs vs 579,000 dlrs in year.
+  
+
diff --git a/reuters/test/15067 b/reuters/test/15067
new file mode 100644
index 0000000000000000000000000000000000000000..cc3036f6ad1dd5c09a4bcc946a83465c15a6acd1
--- /dev/null
+++ b/reuters/test/15067
@@ -0,0 +1,8 @@
+MARBLE FINANCIAL CORP <MRBL> 1ST QTR NET
+  Oper shr 26 cts vs not given
+      Oper net 866,000 vs 480,000
+      NOTE: 1987 net excludes 157,000 dlr gain from termination
+  of pension plan.
+      Company went public in August 1986.
+  
+
diff --git a/reuters/test/15069 b/reuters/test/15069
new file mode 100644
index 0000000000000000000000000000000000000000..0e68f69f0cb04a3397448b6886b98541a58e44d4
--- /dev/null
+++ b/reuters/test/15069
@@ -0,0 +1,5 @@
+DOMINION TEXTILE CALLS REPORT OF BID FOR BURLINGTON RUMOR
+
+  DOMINION TEXTILE CALLS REPORT OF BID FOR BURLINGTON RUMOR
+  
+
diff --git a/reuters/test/15070 b/reuters/test/15070
new file mode 100644
index 0000000000000000000000000000000000000000..d6a5d71cdc2c818605cdd80e33d412a71fb980f8
--- /dev/null
+++ b/reuters/test/15070
@@ -0,0 +1,5 @@
+RAYTHEON CO 1ST QTR SHR 1.37 DLRS VS 1.19 DLRS
+
+  RAYTHEON CO 1ST QTR SHR 1.37 DLRS VS 1.19 DLRS
+  
+
diff --git a/reuters/test/15074 b/reuters/test/15074
new file mode 100644
index 0000000000000000000000000000000000000000..269828d1a7763b09b9105cabfa8fd80841b63dca
--- /dev/null
+++ b/reuters/test/15074
@@ -0,0 +1,5 @@
+FLEET FINANCIAL GROUP 1ST QTR SHR 73 CTS VS 60 CTS 
+
+  FLEET FINANCIAL GROUP 1ST QTR SHR 73 CTS VS 60 CTS 
+  
+
diff --git a/reuters/test/15077 b/reuters/test/15077
new file mode 100644
index 0000000000000000000000000000000000000000..852a14b8241fca34e3b85baf24855924fb158648
--- /dev/null
+++ b/reuters/test/15077
@@ -0,0 +1,6 @@
+DIEBOLD INC <DBD> DECLARES DIVIDEND
+  Qtly div 30 cts vs 30 cts prior
+      Pay June 8
+      Record May 18
+  
+
diff --git a/reuters/test/15078 b/reuters/test/15078
new file mode 100644
index 0000000000000000000000000000000000000000..b64df53ec76e101b4534ad621319c924423d9c79
--- /dev/null
+++ b/reuters/test/15078
@@ -0,0 +1,6 @@
+INDEPENDENT BANK CORP <IBCP> REGULAR DIVIDEND
+  Qtly div 10 cts vs 10 cts previously
+      Pay April 20
+      Record April 10
+  
+
diff --git a/reuters/test/15079 b/reuters/test/15079
new file mode 100644
index 0000000000000000000000000000000000000000..b2371f55b52dc043b53389c573b87bae3736b581
--- /dev/null
+++ b/reuters/test/15079
@@ -0,0 +1,7 @@
+RAYTHEON CO <RTN> 1ST QTR NET
+  Shr 1.37 dlrs vs 1.19 dlrs
+      Net 101.8 mln vs 92.3 mln
+      Revs 1.750 billion vs 1.725 billion
+      Avg shrs 74.2 mln vs 77.8 mln
+  
+
diff --git a/reuters/test/15082 b/reuters/test/15082
new file mode 100644
index 0000000000000000000000000000000000000000..aa225972cf8aa4adb837d86807e31bc47c381bd0
--- /dev/null
+++ b/reuters/test/15082
@@ -0,0 +1,6 @@
+WALTHAM SAVINGS BANK <WLBK> INITIAL DIVIDEND
+  Qtly div eight cts vs N.A.
+      Payable May 11
+      Record April 24
+  
+
diff --git a/reuters/test/15090 b/reuters/test/15090
new file mode 100644
index 0000000000000000000000000000000000000000..94942c4d1eaa00af2ff056b7eef7f5ff9cdc0273
--- /dev/null
+++ b/reuters/test/15090
@@ -0,0 +1,10 @@
+FLEET FINANCIAL GROUP <FLT> 1ST QTR NET
+  Shr primary 73 cts vs 60 cts
+      Shr diluted 70 cts vs 58 cts
+      Net 38,528,000 vs 31,680,000
+      Avg shares 52,087,634 vs 51,294,652
+      NOTE: Qtr net interest income is 130.7 mln dlrs vs 114.8
+  mln dlrs. Earnings per share reflects two-for-one common stock
+  split on March 15.
+  
+
diff --git a/reuters/test/15091 b/reuters/test/15091
new file mode 100644
index 0000000000000000000000000000000000000000..ad17bd2ab8c1d9897402730414fa50898c12b7c6
--- /dev/null
+++ b/reuters/test/15091
@@ -0,0 +1,34 @@
+DOMINION CALLS BURLINGTON <BUR> REPORT RUMOR
+  <Dominion Textile Inc> considers a
+  published report that it has bought a stake in Burlington
+  Industries Inc and is considering making a joint bid for the
+  company to be a rumor, a company spokesman said.
+      "As far as I am concerned and the company is concerned, they
+  are rumors and we're not commenting on rumors," spokesman Michel
+  Dufour told Reuters in response to a query.
+      "All the information that has been given out publicly is
+  that, yes, Dominion Textile is interested in making an
+  acquisition that big...probably based on that people are
+  starting all sorts of rumors," he said.
+      Dufour said yes when asked whether the report was only a
+  rumor, but said the company was not prepared to comment
+  further. Dominion Textile president and chairman Thomas Bell
+  was out of town and unavailable for comment.
+      Dominion Textile last year made an unsuccesful 104-mln-
+  U.S.-dlr bid for Avondale Mills and has maintained a 120-mln-
+  U.S.-dlr line of credit to be used for an American acquisition.
+      Dufour said the company has been negotiating with "many"
+  U.S. textile companies but would not say whether Burlington
+  Industries was one of them.
+      Burlington's stock rose sharply this morning on the report,
+  which said Dominion Textile had joined with U.S. investor Asher
+  Edelman to buy a stake in the company and to consider making a
+  takeover offer.
+      Dominion Textile, which reported operating profit of 11.1
+  mln Canadian dlrs last year on sales of 926.5 mln dlrs, has
+  repeatedly said it will concentrate on expanding into the U.S. 
+     The company has said it plans to diversify into new product
+  and market areas in addition to expanding its textile
+  operations.
+  
+
diff --git a/reuters/test/15092 b/reuters/test/15092
new file mode 100644
index 0000000000000000000000000000000000000000..a4c1a9f3236d9f5b1ce0772106c3c32ec71b47a4
--- /dev/null
+++ b/reuters/test/15092
@@ -0,0 +1,5 @@
+FED SETS OVERNIGHT SYSTEM REPURCHASES, FED SAYS
+
+  FED SETS OVERNIGHT SYSTEM REPURCHASES, FED SAYS
+  
+
diff --git a/reuters/test/15093 b/reuters/test/15093
new file mode 100644
index 0000000000000000000000000000000000000000..b6157a5933aae9b02777399ea6c07a6138edbaea
--- /dev/null
+++ b/reuters/test/15093
@@ -0,0 +1,14 @@
+RAYTHEON <RTN> NET RISES ON OPERATIONS
+  Raytheon said a 10 pct rise in
+  its first quarter net to 101.8 mln dlrs reflected improved
+  operations and a lower effective tax rate.
+      The company said revenue gains in electronics, major
+  appliances and other lines were offset by decreases in energy
+  services and aircraft products. Revenues in the quarter rose
+  1.4 pct to 1.75 billion dlrs, it said.
+      The company said backlog stood at 7.520 billion dlrs, down
+  from 7.912 billion dlrs a year earlier. It said a five year
+  3.55 billion dlr U.S. defense contract was awarded shortly
+  after the close of the first quarter.
+  
+
diff --git a/reuters/test/15094 b/reuters/test/15094
new file mode 100644
index 0000000000000000000000000000000000000000..d488c7968b2fa5c4cfdf2f84ada996c526eb1bd2
--- /dev/null
+++ b/reuters/test/15094
@@ -0,0 +1,17 @@
+GENERAL INSTRUMENT CORP <GRL> 4TH QTR LOSS
+  Ended Feb 28
+      Shr loss 2.80 dlrs vs profit 17 cts
+      Net loss 90.5 mln vs profit 5,271,000
+      Revs 240.9 mln vs 159.4 mln
+      Year
+      Shr loss 2.49 dlrs vs loss 2.07 dlrs
+      Net loss 80.4 mln vs loss 66.5 mln
+      Revs 787.9 mln vs 612.4 mln
+      NOTE: Includes loss of 89.6 mln dlrs vs loss 14.5 mln dlrs
+  in year and loss of 91.6 mln dlrs in current qtr from
+  discontinued operations.
+      1986 qtr includes pretax gain of five mln dlrs from
+  settlement of litigation and tax gain of 5.1 mln dlrs from
+  change in estimated effective tax rate.
+  
+
diff --git a/reuters/test/15095 b/reuters/test/15095
new file mode 100644
index 0000000000000000000000000000000000000000..4a4286f78e23b064e0c62cc653f1dba5ef6ce97c
--- /dev/null
+++ b/reuters/test/15095
@@ -0,0 +1,35 @@
+COCOA EXPORTERS EXPECTED TO LIMIT SALES
+  Major cocoa exporters are likely to
+  limit sales in the weeks ahead in an effort to boost world
+  prices, sources close to a meeting of the Cocoa Producers
+  Alliance (CPA) said.
+      The sources said the depressed world market had been one of
+  the main topics discussed in a closed door meeting of the
+  11-member CPA which began on Monday.
+      They said producers agreed that cutting sales would aid the
+  buffer stock manager of a new international cocoa pact in his
+  effort to support prices.
+      Major cocoa producing and consuming nations agreed
+  operation rules for the buffer stock at a meeting in London
+  last month and the stock manager is expected to enter the
+  market soon.
+      Prices, under the weight of three successive cocoa
+  surpluses, recently fell to the level at which the manager has
+  to buy cocoa under stock rules.
+      The buffer stock aims to keep prices within a pre-set range
+  by buying when prices fall and selling when they rise.
+      "The world's cocoa price at present is just not interesting,"
+  commented one delegate representing a major CPA producer.
+      Another source said that with much of the 1986/87
+  (October-September) world cocoa crop sold, limiting sales in
+  the near term concerns essentially next year's harvest.
+      The sources noted, however, that the cocoa industry in
+  Brazil, the world's number two producer, is in private hands.
+  This means limiting sales is more difficult than in major West
+  African producers, where sales are made or authorized by
+  commodity marketing boards.
+      The CPA includes the world's top three producers, Ivory
+  Coast, Brazil and Ghana, and accounts for 80 pct of all output.
+      The meeting here is due to end tomorrow evening.
+  
+
diff --git a/reuters/test/15096 b/reuters/test/15096
new file mode 100644
index 0000000000000000000000000000000000000000..a423c1d728824323375ca2475a9ffd9f4673a3e8
--- /dev/null
+++ b/reuters/test/15096
@@ -0,0 +1,9 @@
+FED ADDS RESERVES VIA OVERNIGHT REPURCHASES
+  The Federal Reserve entered the U.S.
+  Government securities market to arrange overnight System
+  repurchase agreements, a Fed spokesman said.
+      Dealers said that Federal funds were trading at 6-3/8 pct
+  when the Fed began its temporary and direct supply of reserves
+  to the banking system.
+  
+
diff --git a/reuters/test/15097 b/reuters/test/15097
new file mode 100644
index 0000000000000000000000000000000000000000..c5dced4b5464e26db29c08d9424ae6ec01d57149
--- /dev/null
+++ b/reuters/test/15097
@@ -0,0 +1,18 @@
+HONDURAS SEEKING PL-480 BULK WHEAT APRIL 13
+  Honduras will tender April 13 under
+  Public Law 480 for approximately 52,500 tonnes of various
+  wheats in bulk, an agent for the country said.
+      The agent said Honduras is seeking U.S. no. 2 or better
+  northern spring/DNS, with 14 pct protein minimum and 13 pct
+  moisture maximum, and U.S. no. 2 or better hard red winter,
+  with 12 pct protein minimum and 13 pct moisture maximum.
+      The agent said NS/DNS laydays include July 1-10 for
+  7,500-9,500 tonnes, Aug 1-10 for 8,000-10,000 tonnes, and Sept
+  15-25 for 12,500-14,500 tonnes.
+      HRW laydays include June 20-30 on 5,000-7,000 tonnes, July
+  15-25 for 6,500-8,500 tonnes, and September 15-25 for
+  7,000-9,000 tonnes.
+      Offers are due by 1550 hrs EDT, April 13, and will remain
+  valid until 1000 hrs EDT, April 14, the agent said.
+  
+
diff --git a/reuters/test/15103 b/reuters/test/15103
new file mode 100644
index 0000000000000000000000000000000000000000..76d8308948cda706cf64d30367ab678174e7ebdf
--- /dev/null
+++ b/reuters/test/15103
@@ -0,0 +1,47 @@
+J.P. MORGAN <JPM> NET HURT BY BRAZIL, TRADING
+  J.P. Morgan and Co Inc said its
+  first-quarter earnings fell by 3.2 pct, largely reflecting its
+  previously announced decision to place on non-accrual status
+  its 1.3 billion dlrs of medium- and long-term loans to Brazil.
+      That decision, spurred by Brazil's suspension of interest
+  payments on February 20, reduced the quarter's net income by 20
+  mln dlrs to 226.4 mln dlrs, compared with 233.9 mln in the
+  first three months of 1986.
+      Morgan also reported a loss of 1.8 mln dlrs from securities
+  underwriting and trading, in contrast to a gain of 45.4 mln
+  dlrs in the year-earlier period.
+      In the fourth quarter of 1986, Morgan posted other trading
+  losses of 5.5 mln dlrs because of setbacks in the trading and
+  underwriting of Euromarket securities.
+      Conditions in some sectors of the Euromarket remained
+  difficult last quarter, with floating rate notes suffering
+  heavy price falls, but a spokeswoman was unable to say whether
+  Morgan's trading losses were restricted to the Euromarket.
+      On the positive side, Morgan reduced its provision for loan
+  losses to 35 mln dlrs from 70 mln a year earlier. Foreign
+  exchange trading income rose to 82 mln dlrs from 72.6 mln and
+  trust income increased to 95.9 mln dlrs from 75.9 mln.
+      Morgan said other operating income, mainly fees and
+  commissions, rose to 102.2 mln dlrs from 88.4 mln, but net
+  investment securities gains dropped to 43.1 mln from 58.1 mln.
+      Net interest earnings were 490.4 mln dlrs in the first
+  quarter, down from 499.4 mln a year earlier, and net yield fell
+  to 2.79 pct from 3.20 pct.
+      If Brazil had not been placed on non-accrual, which means
+  that interest can be recorded as income only when payments are
+  actually received, net interest earnings would have been 525.9
+  mln dlrs and net yield 2.99 pct. If Brazil does not resume
+  payments, 1987 net would be cut by 72 mln dlrs, Morgan added.
+      After the provision for loan losses, Morgan's allowance for
+  credit losses at the end of March totaled 953 mln dlrs compared
+  with 910 mln at end-1986 and 815 mln a year earlier.
+      It reported net recoveries of six mln dlrs after
+  charge-offs of eight mln, compared with net charge-offs of 49
+  mln dlrs after recoveries of three mln a year earlier.
+      Excluding Brazil, non-accruing loans at quarter's end were
+  583 mln dlrs, down from 633 mln at end-1986 and 684 mln a year
+  earlier. Non-interest expenses rose to 371.1 mln dlrs from
+  303.5 mln dlrs, with more than half the increase related to
+  personnel costs, Morgan said.
+  
+
diff --git a/reuters/test/15104 b/reuters/test/15104
new file mode 100644
index 0000000000000000000000000000000000000000..388f28fa81d1d9433df74369b1b222773cda14f9
--- /dev/null
+++ b/reuters/test/15104
@@ -0,0 +1,10 @@
+ATLAS CONSOLIDATED MINING <ACMB> 4TH QTR
+  Shr loss 17.3 cts vs 21.5 cts
+      Net loss 14.5 mln vs loss 18.0 mln
+      Revs 27.3 mln vs 23.7 mln
+      Year
+      Shr loss 58 cts vs loss 1.01 dlrs
+      Net loss 48.3 mln vs loss 84.2 mln
+      Revs 111.7 mln vs 141.9 mln
+  
+
diff --git a/reuters/test/15106 b/reuters/test/15106
new file mode 100644
index 0000000000000000000000000000000000000000..1507dd12876bbd131485aa3c43643233e2d337d3
--- /dev/null
+++ b/reuters/test/15106
@@ -0,0 +1,33 @@
+BRAZIL GRAIN HARVEST FACES STORAGE PROBLEMS
+  Storage problems with Brazil's record
+  grain crop are likely to result in losses of about five mln
+  tonnes, an Agriculture Ministry spokesman said.
+      Ministry spokesman Leonardo Brito, speaking from Brasilia,
+  told Reuters he believed that about five mln tonnes of this
+  year's estimated crop of 65 mln tonnes would be lost.
+      He said part of this would be the normal loss inevitable in
+  harvesting, but that most of it would stem from storage
+  problems.
+      Brazil has a storage capacity of 66 mln tonnes,
+  theoretically sufficient for the crop.
+      But Brito said that the storage capacity was badly
+  distributed. The states of Sao Paulo, Parana and Rio Grande do
+  Sul had between them 70 pct of the nation's capacity, but were
+  responsible for only 50 to 60 pct of production.
+      The biggest problems are concentrated in the Centre-West
+  growing regions, where rising production has outpaced storage
+  capacity.
+      Brito said the Centre-West, whose crops include soya and
+  maize, had between 30 and 40 pct of the nation's grains
+  production but only 20 pct of its storage space.
+      In addition to the poor distribution of storage units,
+  there is the problem that too much of the capacity is geared to
+  storing grain in sacks, while not enough is suitable for
+  storing loose grain, Brito said.
+      Finally, there is a shortage of lorries to transport the
+  crops.
+      The sheer scale of the task in transporting the record crop
+  has been evident from television reports, which have shown
+  enormous queues of lorries waiting outside granaries.
+  
+
diff --git a/reuters/test/15107 b/reuters/test/15107
new file mode 100644
index 0000000000000000000000000000000000000000..5ae438c9b0cdbe15862bb2ed8002a0cd6925ae5e
--- /dev/null
+++ b/reuters/test/15107
@@ -0,0 +1,19 @@
+FLEET <FLT> SHAREHOLDERS APPROVE SHARE INCREASE
+  Fleet Financial Group said its
+  shareholders approved an increase in shares of the company's
+  authorized common stock to 100,000,000 shares from 75,000,000
+  shares currently.
+      The company said shareholders approved the move at the
+  annual meeting in Providence today when the company reported
+  that its first quarter earnings rose to 38.5 mln dlrs, or 73
+  cts a share, from 31.7 mln dlrs, or 60 cts a share, in the
+  first quarter 1986.
+      J. Terence Murray, chairman and president of Fleet
+  Financial, said, "Fleet's mortgage banking activities in
+  particular continued to produce signficant income increases (in
+  the first quarter)."
+      Murray said Fleet's mortgage servicing portfolio reached
+  22.1 billion dlrs by March 31, including 1.8 billion dlrs
+  purchased in March.
+  
+
diff --git a/reuters/test/15109 b/reuters/test/15109
new file mode 100644
index 0000000000000000000000000000000000000000..852da2336967c83dfff9bbe74b78712310dce04e
--- /dev/null
+++ b/reuters/test/15109
@@ -0,0 +1,6 @@
+ROWE FURNITURE CORP <ROWE> 1ST QTR FEB 28
+  Shr 42 cts vs 35 cts
+      Net 854,000 vs 839,000
+      Revs 23.2 mln vs 21.9 mln
+  
+
diff --git a/reuters/test/15110 b/reuters/test/15110
new file mode 100644
index 0000000000000000000000000000000000000000..8b177919b135f25188a408ed608e73df503f1522
--- /dev/null
+++ b/reuters/test/15110
@@ -0,0 +1,30 @@
+REUTERS CHAIRMAN URGES FREER INFORMATION FLOWS
+  Exchanges and telecommunications
+  authorities should abolish their restrictions on full and free
+  dissemination of information to the investment and banking
+  communities, Reuters Holdings Plc <RTRS.L> chairman Sir
+  Christopher Hogg said.
+      In the 1986 annual repoprt, he said lengthy negotiations
+  had brought agreement with the Tokyo and London Stock Exchanges
+  for fuller, but still not complete, access to market data
+  through Reuter services.
+      "Many other markets maintain restrictions," he added.
+      Hogg said members of some markets appear to believe that
+  information restrictions protected their interests.
+      In other cases, exchanges seem to be limiting the
+  distribution of data in order to provide competitive advantage
+  to their own commercial information businesses.
+      He also noted that despite increasing liberalisation in the
+  telecommunications field, some countries continue to protect
+  their state monopolies at the expense of other economic
+  sectors.
+      "Reuter dealing services remain excluded from such
+  countries. As a result, banking communities serving entire
+  economies are put at a competitive disadvantage," he added.
+      Reuters increased its 1986 pre-tax profit by 39 pct from
+  the previous year to 130.1 mln stg on a 43 pct rise in revenues
+  to 620.9 mln stg.
+      Earnings per ordinary share were up 47 pct to 19.4p. The
+  annual shareholder meeting will be held in London on April 29.
+  
+
diff --git a/reuters/test/15111 b/reuters/test/15111
new file mode 100644
index 0000000000000000000000000000000000000000..b4c6fd9cd8ce7b88e667bc4ec0481043e77eb85d
--- /dev/null
+++ b/reuters/test/15111
@@ -0,0 +1,9 @@
+CCL INDUSTRIES PURCHASES STAKE IN MONOBLOC
+  <CCL Industries Inc> said it purchased a
+  majority interest in Monobloc U.S.A. from Envases Metalurgicos
+  de Alava of Spain.
+      Terms were not disclosed.
+      CCL also said it agreed to exchange present and future
+  technology with Envases.
+  
+
diff --git a/reuters/test/15112 b/reuters/test/15112
new file mode 100644
index 0000000000000000000000000000000000000000..5ecec7a22470d098dd90142b38b28a5f0dbccd31
--- /dev/null
+++ b/reuters/test/15112
@@ -0,0 +1,23 @@
+PARIS GROUP PUBLISHING DAILY FRANC TIN PRICE
+  The Association of White Metals has
+  decided to publish a daily tin price here in French francs per
+  100 kilos, the French Federation of Non-Ferrous Metals said.
+      The price, quoted for the first time yesterday, was
+  introduced as the lack of tin quotes was causing problems for
+  some French companies, a spokesman for the non-ferrous metals
+  association said.
+      Today's price was set at 4,776 francs per 100 kilos and
+  Tuesday's at 4,790.
+      The International Chamber of Commerce stopped publishing a
+  tin price after the London Metal Exchange (LME) stopped tin
+  trading on October 24, 1985.
+      The Association has tested the basis it uses to calculate a
+  French franc price over the last few months to ensure it was
+  reliable, the spokesman said.
+      The French franc price is pre-tax, for specified quality, a
+  minimum 99.9 pct purity, at a French port or border railway
+  station and a minimum delivery of 10 tonnes.
+      The French Federation of Non-Ferrous Metals groups various
+  metal associations including the Association of White Metals.
+  
+
diff --git a/reuters/test/15118 b/reuters/test/15118
new file mode 100644
index 0000000000000000000000000000000000000000..551bcdb0683f5572ddff57e4b940a08254ad5e64
--- /dev/null
+++ b/reuters/test/15118
@@ -0,0 +1,6 @@
+RHODES INC <RHD> DECLARES DIVIDEND
+  Qtly div nine cts vs nine cts prior
+      Pay July 15
+      Record June 15
+  
+
diff --git a/reuters/test/15119 b/reuters/test/15119
new file mode 100644
index 0000000000000000000000000000000000000000..017b76a3110339b087851274c622643e749b5d93
--- /dev/null
+++ b/reuters/test/15119
@@ -0,0 +1,8 @@
+MADEIRA IN LETTER OF INTENT TO BE ACQUIRED
+  <Madeira Inc> said it
+  signed a letter of intent to be acquired by Tradevest Inc
+  through a stock-for-stock exchange.
+      After completion of the transaction, Tradevest would own 90
+  pct of the issued outstanding stock of Madeira.
+  
+
diff --git a/reuters/test/15120 b/reuters/test/15120
new file mode 100644
index 0000000000000000000000000000000000000000..f62c91421cfbd4b6b36e099210619800abb6b9a3
--- /dev/null
+++ b/reuters/test/15120
@@ -0,0 +1,7 @@
+CELLTRONICS <CELT> DECLARES ONE-FOR-10 SPLIT
+  Celltronics Inc said its directors
+  declared a one-for-10 reverse stock split of its common stock.
+      It said the split will be payable April 17 to shareholders
+  of record April 16.
+  
+
diff --git a/reuters/test/15121 b/reuters/test/15121
new file mode 100644
index 0000000000000000000000000000000000000000..c14f91550775d0f392ae4ceffc7e1ad139957910
--- /dev/null
+++ b/reuters/test/15121
@@ -0,0 +1,28 @@
+MONTEDISON'S AGRIMONT UNIT 1986 EARNINGS
+  <Montedison SPA> of Italy said net
+  consolidated profit for its Agrimont Group, formed in June
+  1986, totalled 1.5 billion lire in 1986.
+      Agrimont SPA, the holding company for Montedison's
+  Agro-Industrial businesses, had sales of 810 billion lire and a
+  net profit of about 1.1 billion lire, after amortization costs
+  of 35 billion lire and a 13 billion lire reduction in the value
+  of inventory due to falling market prices, Montedison said.
+      Agrimont, still wholly owned by Montedison, is taking steps
+  to be traded on the Milan exchange, the company said.
+      The company said that 1986 was characterized by an unstable
+  fertlizer market due to the weak dollar and the decline of
+  international prices for products sold in Europe and the U.S
+  where Agrimont operates through its Conserv division.
+      In pesticides and in animal health care products Agrimont
+  maintained its previous level of revenues and market share in
+  1986, Montedison said.
+      Montedison said it named Ettore dell'Isola to the newly
+  created position of president of Agrimont.
+      Montedison also said it named Renato Picco, managing
+  director of <Eridania SPA> and Gianfranco Ceroni, managing
+  director of <Italiana Olii e Sifi>, both of whom are members
+  of the the Ferruzzi Group's management board, to Argimont's
+  board of directors. Ferruzzi owns about 40 pct of Montedison,
+  the company said.
+  
+
diff --git a/reuters/test/15122 b/reuters/test/15122
new file mode 100644
index 0000000000000000000000000000000000000000..6cbe78919e969974bef60b63ab1a5187e6fb0837
--- /dev/null
+++ b/reuters/test/15122
@@ -0,0 +1,18 @@
+DATRON <DATR> AGREES TO BUYOUT BY OFFICERS
+  Datron Corp said it agreed to
+  merge with GGFH Inc, a Florida-based company formed by the four
+  top officers of the company.
+      According to terms of the proposed transaction, each share
+  of Datron common stock, excluding those shares owned by the
+  four officers, will be bought for six dlrs a share, it said.
+      Datron's officers hold about 73 pct of the total 896,000
+  Datron common shares outstanding.
+      Upon completion of the proposed transaction, the officers
+  of Datron would own 100 pct of the company. The merger is
+  subject to GGHF's receiving financing for the plan, Datron
+  said.
+      Shareholders of Datron will be asked to approve the plan at
+  their annual meeting to be held in June or July, and the merger
+  is expected to be completed by July 31, it said.
+  
+
diff --git a/reuters/test/15124 b/reuters/test/15124
new file mode 100644
index 0000000000000000000000000000000000000000..ff7d5d7ae2ec202c3e0c0989381355fc09ed517e
--- /dev/null
+++ b/reuters/test/15124
@@ -0,0 +1,5 @@
+TRUMP AND INTERSTATE PROPERTIES IN TALKS TO ACQUIRE ALEXANDERS
+
+  TRUMP AND INTERSTATE PROPERTIES IN TALKS TO ACQUIRE ALEXANDERS
+  
+
diff --git a/reuters/test/15126 b/reuters/test/15126
new file mode 100644
index 0000000000000000000000000000000000000000..5be36782344e1585c9acf05787dd99b363ef06c2
--- /dev/null
+++ b/reuters/test/15126
@@ -0,0 +1,10 @@
+SOUND WAREHOUSE INC <SWHI> 3RD QTR FEB 28 NET
+  Shr 26 cts vs 52 cts
+      Net 1,386,000 vs 2,773,000
+      Revs 47.7 mln vs 38.5 mln
+      Nine mths
+      Shr 52 cts vs 97 cts
+      Net 2,765,000 vs 5,419,000
+      Revs 116.9 mln vs 97 mln
+  
+
diff --git a/reuters/test/15128 b/reuters/test/15128
new file mode 100644
index 0000000000000000000000000000000000000000..b25c289f72f499033b53eb723d06ba6fe16c75aa
--- /dev/null
+++ b/reuters/test/15128
@@ -0,0 +1,15 @@
+TRUMP AND INTERSTATE IN TALKS FOR ALEXANDERS
+  Donald Trump and Interstate Properties
+  said they were holding preliminary discussions regarding a
+  possible joint acquisition of Alexanders Inc at 47 dlrs per
+  share.    
+      The possible acquisition is subject to any applicable real
+  estate gains and transfer taxes, the joint statement said.
+      Trump and Interstate, which presently own about 40 pct of
+  Alexander's common stock, said they intend to keep the company
+  as a retailer if they succed in their acquisition.
+      There can be no assurances that the parties will reach any
+  agreement regarding an acquisition or what price might be
+  offered, the statement said.
+  
+
diff --git a/reuters/test/15129 b/reuters/test/15129
new file mode 100644
index 0000000000000000000000000000000000000000..d5f1945c272f4bd798e0093bb1af5accdf754c38
--- /dev/null
+++ b/reuters/test/15129
@@ -0,0 +1,6 @@
+JAPAN BUYS 4,000 TONNES CANADIAN RAPESEED
+  Japan bought 4,000 tonnes of Canadian
+  rapeseed overnight at an undisclosed price for last half
+  May/first half June shipment, trade sources said.
+  
+
diff --git a/reuters/test/15130 b/reuters/test/15130
new file mode 100644
index 0000000000000000000000000000000000000000..fb958bca551c03a73fc12a0244714bbedf28ed24
--- /dev/null
+++ b/reuters/test/15130
@@ -0,0 +1,12 @@
+TELECRAFTER CORP <SWHI> 2ND QTR FEB 28 NET
+  Shr profit 12 cts vs loss 14 cts
+      Net profit 183,000 vs loss 234,000
+      Revs 2.4 mln vs 1.5 mln
+      Six months
+      Shr profit 22 cts vs loss 22 cts
+      Net profit 345,000 vs loss 358,000
+      Revs 5.2 mln vs 2.9 mln
+      NOTE:1987 2nd qtr and six months include gains of 78,000
+  dlrs and 154,000 dlrs for tax loss carryforward.
+  
+
diff --git a/reuters/test/15132 b/reuters/test/15132
new file mode 100644
index 0000000000000000000000000000000000000000..582d831426227c744554c3ed08a4dcd1b5ccf5bb
--- /dev/null
+++ b/reuters/test/15132
@@ -0,0 +1,13 @@
+TUNISIA EXPECTED TO TENDER FOR FRENCH WHEAT
+  Tunisia is expected to tender April 14 for
+  100,000 tonnes of French soft wheat for delivery between May
+  and August and which would be covered by the French export
+  credit agency, COFACE, export credits, traders said here.
+      No official tender has been announced yet by Tunisia, they
+  said.
+      France has sold a total of 200,000 tonnes of soft wheat to
+  Tunisia since the begining of the current campaign which was
+  covered by COFACE export credits. Of this amount, a total of
+  150,000 tonnes was exported by March 1, they said.
+  
+
diff --git a/reuters/test/15136 b/reuters/test/15136
new file mode 100644
index 0000000000000000000000000000000000000000..1bd7622ce9183b1454db796269f8f1fab49994d7
--- /dev/null
+++ b/reuters/test/15136
@@ -0,0 +1,10 @@
+COLT INDUSTRIES INC <COT> 1ST QTR NET
+  Shr 28 cts vs 16 cts
+      Net 9,387,000 vs 25,617,000
+      Revs 410.1 mln vs 393.5 mln
+      Avg shrs 35.4 mln vs 164.7 mln
+      NOTE: 1987 net reflects interest expense on debt incurred
+  to finance recapitalization in Oct. 1986. Prior year earnings
+  restated to reflect recapitalization plan.
+  
+
diff --git a/reuters/test/15138 b/reuters/test/15138
new file mode 100644
index 0000000000000000000000000000000000000000..ba14241136e62ee560a4c1c65de990499f4ae39e
--- /dev/null
+++ b/reuters/test/15138
@@ -0,0 +1,7 @@
+YANKEE <YNK> UNIT NOT TO SELL SUBSIDIARY
+  Yankee Cos Inc said its Eskey
+  Inc <ESK> subsidiary has decided not to sell its Yale E. Key
+  unit.
+      Further details were not disclosed.
+  
+
diff --git a/reuters/test/15141 b/reuters/test/15141
new file mode 100644
index 0000000000000000000000000000000000000000..a281794f27e37a82d02511b043dd7b9156909fe2
--- /dev/null
+++ b/reuters/test/15141
@@ -0,0 +1,11 @@
+MAYFAIR SUPER MARKETS INC <MYFRA> 2ND QTR FEB 28
+  Shr 59 cts vs 46 cts
+      Net 2.4 mln vs 1.9 mln
+      Revs 122.5 mln vs 105.9 mln
+      Six months
+      Shr 1.13 dlrs vs 84 cts
+      Net 4.5 mln vs 3.4 mln
+      Revs 242.5 mln vs 210.1 mln
+      NOTE: 1986 share adjusted for 2-for-1 stock split.
+  
+
diff --git a/reuters/test/15144 b/reuters/test/15144
new file mode 100644
index 0000000000000000000000000000000000000000..1a2d4c44586ca4825b5054478e5b8b7c17a7bf69
--- /dev/null
+++ b/reuters/test/15144
@@ -0,0 +1,6 @@
+<BATON BROADCASTING INC> SIX MTHS FEB 28 NET
+  Shr 33 cts vs 31 cts
+      Net 9,219,017 vs 8,515,539
+      Revs 112.0 mln vs 95.4 mln
+  
+
diff --git a/reuters/test/15145 b/reuters/test/15145
new file mode 100644
index 0000000000000000000000000000000000000000..883e9929adc07e8434fef7d6ad9957f93cc32088
--- /dev/null
+++ b/reuters/test/15145
@@ -0,0 +1,16 @@
+UNITED CABLE TELEVISION CORP <UCT> 3RD QTR NET
+  Shr loss 24 cts vs profit seven cts
+      Net loss 5,952,000 vs profit 2,078,000
+      Revs 55.9 mln vs 50.6 mln
+      Avg shrs 25.2 mln vs 24.7 mln
+      Nine mths
+      Shr loss 11 cts vs profit 24 cts
+      Net loss 2,673,000 vs profit 6,800,000
+      Revs 162.6 mln vs 143.9 mln
+      Avg shrs 25.0 mln vs 24.4 mln
+      NOTE: Current year net both periods includes pretax charge
+  seven mln dlrs from increase in reserve for investments in
+  broadcast television entities and tax credits of 1,002,000 dlrs
+  in quarter and 520,000 dlrs in nine mths.
+  
+
diff --git a/reuters/test/15146 b/reuters/test/15146
new file mode 100644
index 0000000000000000000000000000000000000000..893b43e636b22d992bb5892153521c5f59c4884f
--- /dev/null
+++ b/reuters/test/15146
@@ -0,0 +1,14 @@
+CANADA ALLOWS PUBLISHING TAKEOVER BY HARCOURT
+  Investment Canada said it has allowed the
+  indirect takeover of Holt, Rinehart and Winston Canada Ltd.,
+  W.B. Saunders Co of Canada Ltd and Les Editions HRW Ltd by
+  Harcourt Brace Jovanovich Canada Inc.
+      The government agency said, however, Harcourt Canada has
+  agreed to sell control of the firms to Canadian interests
+  within two years.
+      Harcourt Canada's U.S. parent, Harcourt Brace Jovanovich
+  Inc <HBJ>, indirectly acquired the Canadian book publishing
+  companies when it purchased Holt Rinehart and Winston from CBS
+  Inc <CBS> last October.           
+  
+
diff --git a/reuters/test/15149 b/reuters/test/15149
new file mode 100644
index 0000000000000000000000000000000000000000..bcaabe39f2c04114a2151902dde1ba998341dff6
--- /dev/null
+++ b/reuters/test/15149
@@ -0,0 +1,70 @@
+TALKING POINT/BURLINGTON INDUSTRIES <BUR>
+  The largest U.S. textile maker focused
+  on its own business as its competitors found merger partners,
+  but now Burlington Industries Inc may have restructured itself
+  into an attractive takeover candidate, analysts said.
+      The takeover spotlight fell today on Burlington, which rose
+  4-7/8 to 52-7/8 on speculation that investor Asher Edelman and
+  Dominion Textiles Inc of Canada bought an almost five pct
+  stake.
+      A published report said Edelman and Dominion jointly
+  acquired a stake in Burlington and were weighing a takeover
+  offer. Edelman would not comment, and a spokesman for
+  Montreal-based Dominion called the report just "rumors."
+      Burlington said it did not know if the report was true.
+      Wall Street professionals said they were not convinced of
+  the story or that Edelman and Dominion would be the victors if
+  Burlington actually came into play.
+      Arbitragers said past comments from Dominion, however,
+  added credence to the speculation. Dominion has said that it
+  was looking for a takeover in the U.S.
+      Last year, Dominion unsuccessfully bid for Avondale Mills
+  and has maintained a 120 mln dlr line of credit to be used for
+  a U.S. acquisition.
+      A Dominion spokesman said Canada's largest textile producer
+  has been negotiating with "many" U.S. textile companies, but
+  would not say whether Burlington was among them.
+      "There have been acquisitions in this area. It's not
+  unusual that someone could be looking at Burlington after the
+  housecleaning they've done," said Eileen Gormley of Thomson
+  McKinnon.
+      Burlington sold its domestic operations, which made sheets
+  and other linens, to J.P. Stevens and Co Inc for 110 mln dlrs
+  last year. It also has reorganized management, and focused its
+  operations on businesses that would be less affected by foreign
+  competition, Gormley said.
+      "They've pulled back so as not to be a commodity marketer,"
+  said Gormley. She said in moving more heavily into industrial
+  fabrics, Burlington bought C.H. Masland, which supplies carpets
+  and other fabric to the auto industry.
+      "In the past, they just spent and never realized the return
+  on the outlays they did make," she said.
+      "You look at their record over the year, and I think
+  they're poised to be more profitable than they had been in the
+  past," Gormley said.
+       She estimated 1987 earnings of 2.50 dlrs per share, up
+  from 2.01 dlrs per share.
+      Some analysts today recommended clients not buy Burlington
+  at its current levels.
+      Edward Johnson of Johnson Redbook said he recommends
+  selling. He said he believes the stock is worth only about 50
+  dlrs on a takeover basis and about 46 dlrs on an earnings
+  basis.
+      Some arbitragers, however, said takeover values have been
+  placed on the company of 60 to 65 dlrs per share.
+      "After Asher's (Edelman) recent history, a lot of people
+  don't find him very credible anymore," said one arbitrager.
+      Another, however, said Edelman succeeds in forcing
+  managements to take steps to enhance shareholder values even if
+  he doesn't win the target company.
+      Edelman was unsuccessful last year in offers for Lucky
+  Stores Inc and Fruehauf Corp. He did succeed in buying
+  Ponderosa Inc.
+      The stocks of other textile makers rose along with
+  Burlington.
+      J.P. Stevens <STN> climbed 5/8 to 44-7/8, and Fieldcrest
+  Cannon Inc <FLD>, the result of a merger of Fieldcrest and
+  Cannon, rose 1-1/8 to 39-3/4. West Point-Pepperell Inc <WPM>
+  rose 1-7/8 to 67-1/8.
+  
+
diff --git a/reuters/test/15152 b/reuters/test/15152
new file mode 100644
index 0000000000000000000000000000000000000000..df375d0e0ac2e23590223d0cfc480cca41af27fd
--- /dev/null
+++ b/reuters/test/15152
@@ -0,0 +1,6 @@
+STERIVET LABORATORIES LTD <STVTF> 1ST QTR NET
+  Shr profit 10 cts vs loss 17 cts
+      Net profit 206,000 vs loss 281,000
+      Revs 1,022,00 vs 344,000
+  
+
diff --git a/reuters/test/15153 b/reuters/test/15153
new file mode 100644
index 0000000000000000000000000000000000000000..a6029f93e969db62e6f3b3defe1022b70c19c6ce
--- /dev/null
+++ b/reuters/test/15153
@@ -0,0 +1,6 @@
+STERIVET LABORATORIES LTD <STVTF> YEAR LOSS
+  Shr loss 48 cts vs loss 19 cts
+      Net loss 746,000 vs loss 342,000
+      Revs 3,213,000 vs 2,925,000
+  
+
diff --git a/reuters/test/15154 b/reuters/test/15154
new file mode 100644
index 0000000000000000000000000000000000000000..ad74848a2d391cf930c3bb7e39e13ea5c0e683ca
--- /dev/null
+++ b/reuters/test/15154
@@ -0,0 +1,48 @@
+JAPAN IN LAST-DITCH EFFORT TO AVERT TARIFFS
+  Senior Japanese officials tomorrow
+  open talks with American trade negotiators in a last-ditch
+  effort to avert new high U.S. tariffs to be imposed on a wide
+  variety of Japanese electronic exports.
+      Makoto Kuroda, vice minister of Japan's Ministry of
+  International Trade and Industry (MITI), is to hold two days of
+  meetings with the Deputy U.S. Trade Representative, Michael
+  Smith, and the Under Secretary of Commerce, Bruce Smart.
+      The new tariffs, to go into effect on April 17, are in
+  retaliation for Japan's failure to adhere to an agreement to
+  end dumping semiconductors in world markets at below cost and
+  to open its home market to U.S. semiconductor shipments.
+      They are to be imposed on goods which use semiconductors,
+  including television and audio equipment and computers.
+      Both U.S. and Japanese officials have said there was little
+  likelihood the talks would do anything to avert the 100 pct
+  duties on 300 mln dlrs worth of Japanese shipments.
+      President Reagan announced the planned tariffs on March 27
+  after he said that close monitoring of the July 1986
+  U.S.-Japanese semiconductor pact convinced U.S. officials that
+  Japan was not honoring the agreement.
+      In making the annoucement, Reagan said "I am committed to
+  the full enforcement of our trade agreements designed to
+  provide American industry with free and fair trade."
+      Trade analysts said his move was aimed as much at Japan's
+  semiconductor trade practices, which are said to have injured
+  the U.S. semiconductor industry, as Congress, which has
+  complained about presidential timidity on trade issues.
+      Congressional Democrats have pledged to enact aggressive
+  trade laws to counter what they contend has been Reagan's
+  inaction to redress the growing U.S. trade deficit, which last
+  year reached 169.8 billion dlrs.
+      About one-third of the deficit was with Japan.
+      Reagan said there were recent signs Japan was beginning to
+  adhere to the pact and that was why he was not terminating it.
+      Kuroda said on leaving Tokyo today he had no new proposals
+  but did have an explanation of the semiconductor situation.
+      He told the daily newspaper Ashai Shimbun that Reagan's
+  decision was based on inaccurate data and an exaggerated sense
+  of MITI's power to control Japanese traders.
+      "The United States has excessive expectations.," he said. To
+  stabilize supply-demand relations which have been disrupted by
+  excess inventories since 1985 will take some time."
+      He also said that U.S. firms had not been aggressive enough
+  in trying to sell in the Japanese market.
+  
+
diff --git a/reuters/test/15156 b/reuters/test/15156
new file mode 100644
index 0000000000000000000000000000000000000000..cba78e7b33e73b1e937ece4a612eabb24538c53d
--- /dev/null
+++ b/reuters/test/15156
@@ -0,0 +1,21 @@
+HOECHST CELANESE SENDS REPORT ON NEW FACILITIES
+  <Hoechst Celanese Corp> said it
+  sent propsective customers a confidential report describing its
+  polyester textile fiber facilities in North Carolina and South
+  Carolina.
+      The company did not disclose any prices.
+      The report describes the facilities in Darlington County,
+  S.C., and Fayetteville, N.C., the company said. The report also
+  decribes related manufacturing, marketing, administrative and
+  technical resources that could be made avialable to a buyer.
+      Hoechst Celanese was formed Feb 27 by the merger of
+  Celanese Corp and American Hoechst Corp. The merger took place
+  after an agreement was reached with the Federal Trade
+  Commission that certain domestic polyester textile fiber assets
+  of the combined companies would be divested, it said.
+      Hoechst Celanese said it has the option of divesting either
+  the South Carolina facilities of the former American Hoechst or
+  a package of polyester textile fiber facilities of the former
+  Celanese.
+  
+
diff --git a/reuters/test/15157 b/reuters/test/15157
new file mode 100644
index 0000000000000000000000000000000000000000..964ab4d4de2eb6dbec5daabef08379461b9e8dd3
--- /dev/null
+++ b/reuters/test/15157
@@ -0,0 +1,6 @@
+MELLON PARTICIPATING MORTGAGE TRUST <MPMTS> DIV
+  Qtly div 25 cts vs 25 cts prior
+      Payable May 6
+      Record April 24
+  
+
diff --git a/reuters/test/15161 b/reuters/test/15161
new file mode 100644
index 0000000000000000000000000000000000000000..3f3a55eacd468b39ffb623b43e42764ed885fc4d
--- /dev/null
+++ b/reuters/test/15161
@@ -0,0 +1,13 @@
+U.K. GEC DECLINES COMMENT ON U.S. PURCHASE RUMOUR
+  General Electric Co Plc <GECL.L> (GEC)
+  declined comment on rumours on the London stock market that it
+  is planning another purchase in the U.S. Medical equipment
+  field, in addition to its existing U.S. Subsidiary <Picker
+  International Inc>.
+      A GEC spokesman said that it is company policy not to
+  comment on acquisition rumours.
+      Stock Exchange traders said the rumour helped GEC's share
+  price to rise 5p, to a final 206p from yesterday's closing
+  price of 201p.
+  
+
diff --git a/reuters/test/15162 b/reuters/test/15162
new file mode 100644
index 0000000000000000000000000000000000000000..41214be9de06983c35c355174dca1acce56de6e5
--- /dev/null
+++ b/reuters/test/15162
@@ -0,0 +1,13 @@
+PRESTON CORP <PTRK> SEES FIRST QUARTER LOSS
+  Preston corp said it expects to
+  report a loss of about 300,000 dlrs or five cts per share for
+  the first quarter, compared with a profit of 1,081,000 dlrs or
+  19 cts per share a year before.          
+      The trucking company attributed the loss to the continued
+  rate of discounted in its primary markets, flat revenues and
+  increased costs, including uninsured claims expense resulting
+  from adverse weather conditions during the last three months.
+      It said results outside the Northeast were strong, and it
+  expects to show improved results for the rest of the year.
+  
+
diff --git a/reuters/test/15171 b/reuters/test/15171
new file mode 100644
index 0000000000000000000000000000000000000000..8f5c68f1679c88ad6488d206e33484a23ba2c676
--- /dev/null
+++ b/reuters/test/15171
@@ -0,0 +1,14 @@
+WHITE HOUSE STANDING FIRM ON JAPANESE SANCTIONS
+  Presidential spokesman Marlin
+  Fitzwater said U.S. trade sanctions against Japan were likely
+  take effect on April 17 in spite of a "full court press" by
+  Japanese officials to avoid them.
+      "All indications are they will take effect," he said.
+      "I would say Japan is applying the full court press ... They
+  certainly are putting both feet forward in terms of explaining
+  their position," Fitzwater told reporters.
+      He noted high level meetings on the trade dispute are
+  underway here but said, "I don't think there's anything I can
+  report and I don't believe there's been any official movement."
+  
+
diff --git a/reuters/test/15172 b/reuters/test/15172
new file mode 100644
index 0000000000000000000000000000000000000000..6dba45e37317b550d807bde312c04f3ee17e1880
--- /dev/null
+++ b/reuters/test/15172
@@ -0,0 +1,5 @@
+DOW JONES AND CO INC FIRST QUARTER SHR 69 CTS VS 64 CTS
+
+  DOW JONES AND CO INC FIRST QUARTER SHR 69 CTS VS 64 CTS
+  
+
diff --git a/reuters/test/15175 b/reuters/test/15175
new file mode 100644
index 0000000000000000000000000000000000000000..010b754bff190627c1ce90757c08bc92f99525fa
--- /dev/null
+++ b/reuters/test/15175
@@ -0,0 +1,7 @@
+<HAYES-DANA INC> 1ST QTR NET
+  Shr 30 cts vs 28 cts
+      Net 5,000,000 vs 4,600,000
+      Revs 125.2 mln vs 123.9 mln
+      Note: 52 pct-owned by Dana Corp <DCN>.
+  
+
diff --git a/reuters/test/15179 b/reuters/test/15179
new file mode 100644
index 0000000000000000000000000000000000000000..cfc3f80f8232e42886a626515001ea4f56baa30b
--- /dev/null
+++ b/reuters/test/15179
@@ -0,0 +1,18 @@
+COCOA TERMINAL DEPOSITS TO BE CUT 25 PCT - ICCH
+  The basic deposit on cocoa futures
+  contracts will be reduced by 25 pct as from Friday, April 10,
+  taking the required deposit for one 10 tonne lot to 300 stg
+  from 400 previously, a spokesman for the International
+  Commodity Clearing House (ICCH) said.
+      The deposit for spread contracts will be similarly cut, to
+  150 stg for a one 10 tonne lot from 200 previously, he said.
+      The ICCH had been looking at cocoa market fluctuations over
+  a period of weeks, he said, adding the market's basic stability
+  had warranted a cut in deposit rates.
+      The decision to cut deposits was taken by the ICCH after
+  consultation with the London Cocoa Terminal Market, the
+  spokesman said.
+      The cuts were likely to attract more business to the
+  market, he said.
+  
+
diff --git a/reuters/test/15180 b/reuters/test/15180
new file mode 100644
index 0000000000000000000000000000000000000000..8068a39f75244ede1547f3c957e9d80524f3bab7
--- /dev/null
+++ b/reuters/test/15180
@@ -0,0 +1,10 @@
+ELECTRO RENT CORP <ELRC> 3RD QTR FEB 28 NET
+  Shr 20 cts vs 32 cts
+      Net 1,358,000 vs 2,476,000
+      Revs 27.1 mln vs 26.2 mln
+      Nine Mths
+      Shr 68 cts vs 1.05 dlrs
+      Net 4,957,000 vs 8,129,000
+      Revs 82.6 mln vs 78.8 mln
+  
+
diff --git a/reuters/test/15185 b/reuters/test/15185
new file mode 100644
index 0000000000000000000000000000000000000000..4a53ef32282e228b8d8ba622489e06a74726aa81
--- /dev/null
+++ b/reuters/test/15185
@@ -0,0 +1,5 @@
+WALGREEN CO 2ND QTR SHR 62 CTS VS 58 CTS
+
+  WALGREEN CO 2ND QTR SHR 62 CTS VS 58 CTS
+  
+
diff --git a/reuters/test/15188 b/reuters/test/15188
new file mode 100644
index 0000000000000000000000000000000000000000..fecf6bae4156cfa1d36c6704089ab6db8e49ca78
--- /dev/null
+++ b/reuters/test/15188
@@ -0,0 +1,10 @@
+JUDY'S INC <JUDY> 4TH QTR JAN 31 LOSS
+  Shr loss two cts vs profit nine cts
+      Net loss 74,000 vs profit 418,000
+      Sales 18.2 mln vs 17.5 mln
+      Year
+      Shr profit nine cts vs profit 26 cts
+      Net profit 426,000 vs profit 1,170,000
+      Sales 58.7 mln vs 56.7 mln
+  
+
diff --git a/reuters/test/15189 b/reuters/test/15189
new file mode 100644
index 0000000000000000000000000000000000000000..0c0442e6ef9677ffa8da2ec34652dc94ebcba102
--- /dev/null
+++ b/reuters/test/15189
@@ -0,0 +1,22 @@
+ORANGE-CO INC <OJ> 2ND QTR FEB 28 NET
+  Shr profit 2.26 dlrs vs loss 81 cts
+      Net profit 9,785,000 vs loss 3,422,000
+      Revs 26.0 mln vs 18.9 mln
+      Avg shrs 4,316,000 vs 4,207,000
+      1st half
+      Shr profit 2.75 dlrs vs loss 1.07 dlrs
+      Net profit 11.9 mln vs loss 4,486,000
+      Revs 39.0 mln vs 37.2 mln
+      Avg shrs 4,318,000 vs 4,181,000
+      NOTE: Current year net both periods includes gain 9,500,000
+  dlrs from sale of Orange-Co of Florida subsidiary to American
+  Agrnomics Corp <AGR>.
+      Net includes pretax real estate disposition loss 920,000
+  dlrs vs gain 52,000 dlrs in quarter and loss 863,000 dlrs vs
+  gain 117,000 dlrs in half.
+      Prior year net includes tax credits of 2,132,000 dlrs in
+  quarter and 3,039,000 dlres in half.
+      Current half net includes 2,051,000 dlr pretax gain
+  2,051,000 dlrs from change in accounting.
+  
+
diff --git a/reuters/test/15190 b/reuters/test/15190
new file mode 100644
index 0000000000000000000000000000000000000000..f65595f55444453edebd96c62c019e938c043bd5
--- /dev/null
+++ b/reuters/test/15190
@@ -0,0 +1,11 @@
+DOW JONES AND CO INC <DJ> 1ST QTR NET
+  Shr 69 cts vs 64 cts
+      Net 66,719,000 vs 61,773,000
+      Rev 285.6 mln vs 259.7 mln
+      NOTE: Earnings include after-tax gain of 29.4 mln dlrs, or
+  30 cts a share, versus after-tax gain of 31.4 mln dlrs, or 32
+  cts a share, for 1986 first quarter. Earnings per share
+  reflects a 50 pct stock dividend in the form of a class B
+  common stock distribution on June 30, 1986.
+  
+
diff --git a/reuters/test/15193 b/reuters/test/15193
new file mode 100644
index 0000000000000000000000000000000000000000..03298f28c57ed4fe9c739639cec2fc832a8469a2
--- /dev/null
+++ b/reuters/test/15193
@@ -0,0 +1,30 @@
+LORD ABBETT AND CO MUTUAL FUND DIVIDENDS
+  LORD ABBETT BOND DEBENTURE FUND
+      Qtly div 28 cts vs 29 cts prior
+      Pay May 5
+      Record April 9
+      ---
+      LORD ABBETT U.S. GOVERNMENT SECURITIES FUND
+      Daily div 2.9 cts vs 2.9 cts prior
+      Pay May 15
+      Record May 15
+      LORD ABBETT TAX FREE INCOME FUND NATIONAL SERIES
+      Daily div 6.7 cts vs 6.7 cts prior
+      Pay May 15
+      Record May 15
+      ---
+      LORD ABBETT TAX FREE INCOME NEW YORK SERIES
+      Daily div 6.7 cts vs 6.7 cts prior
+      Pay May 15
+      Record May 15
+      LORD ABBETT TAX FREE INCOME TEXAS SERIES
+      Daily div 5.9 cts vs 5.9 cts prior
+      Pay May 15
+      Record May 15
+      ---
+      LORD ABBETT CALIFORNIA TAX FREE INCOME
+      Daily div of 6.2 cts vs 6.2 cts prior
+      Pay May 15
+      Record May 15
+  
+
diff --git a/reuters/test/15194 b/reuters/test/15194
new file mode 100644
index 0000000000000000000000000000000000000000..5345b3197253e578693c124c0b1a331cd2e48768
--- /dev/null
+++ b/reuters/test/15194
@@ -0,0 +1,66 @@
+HEINEKEN SEES HIGHER PROFITS, WIDER PENETRATION
+  Dutch brewer Heineken NV said it hoped
+  to maintain for a number of years a similar earnings growth to
+  the 7.5 pct increase in net profit achieved in 1986, despite
+  continuing investments in a reorganization program and efforts
+  to extend world penetration.
+      Heineken last month reported a 1986 net profit of 285 mln
+  guilders, after 265 mln in 1985.
+      Chairman Freddie Heineken said the company, Europe's
+  leading beer producer with six pct of market share in 1986,
+  said sales increased by 6.3 pct to 42.1 mln hectoliters.
+      The volume increase was due mainly to a rise in the U.S.,
+  Where the brand Amstel Lite saw great demand, and in Europe,
+  where sales accounted for 25.5 pct of the total.
+      Turnover, despite losses in guilder terms due to weaker
+  foreign currencies, rose by 4.4 pct, to 6.7 billion guilders.
+      Further consolidation of foreign companies, including the
+  increase of its stake in leading Spanish brewery <El Aguila
+  S.A.> to 51.2 pct, new ventures and modernization, particularly
+  in French and Spanish interests, eroded profit margins. The
+  company still planned to invest 700 mln guilders this year in
+  restructuring and marketing, Heineken said.
+      Heineken's Spanish activities should start yielding profit
+  next year, Heineken said, adding that its French operations had
+  already turned to profit after vast rationalization last year.
+      Vice Chairman Gerard van Schaik said the decision by the
+  European Court of Justice in Luxembourg to allow foreign beer
+  into the closed West German market -- Europe's biggest beer
+  market -- offered interesting possibilities for Heineken. "We
+  have the beer, but distribution and sales is the important
+  point," van Schaik said, adding that since the ruling Heineken
+  had been inundated by German traders seeking joint ventures.
+      "The question is not if we want to penetrate the German
+  market, but how we are to do it," van Schaik said, adding that
+  while the widely traveled Germans seemed to be developing a
+  taste for foreign beer, the internal structure was very
+  regionalized.
+       Heineken board member Hans Coebergh, responsible for
+  African operations, said he saw Africa as one of the most
+  important beer growth markets in the long term.
+       He said the company, present in Africa since 1932 and with
+  majority stakes in six breweries and interests in 25, was
+  hampered by the lack of hard currencies there.
+      Africa, where beer consumption averages only nine liters
+  per head per year and sales are limited by import restrictions
+  and currency risks, nonetheless accounted for 6.5 pct of total
+  1986 sales.
+      On-site production is rendered expensive by the high price
+  of imports of essential ingredients. But Heineken scientists
+  have been looking at other possibilities.
+      To balance the costs of imported malt, Heinken launched on
+  the Nigerian market a new beer made of 50 pct sorghum, which
+  had sold successfully, Coebergh said.
+      Heineken is urging farmers to grow the traditional raw
+  materials, but Coebergh noted that banana and palm beer were
+  popular in Rwanda . "This is a possibility, but we could not
+  possibly achieve the Heineken flavor," Coebergh said.
+      Chairman Heineken said the company's seven year efforts to
+  penetrate the Soviet market had finally resulted this week in a
+  contract that relaxed some of the restrictions they faced.
+      But again, a lack of hard currencies limited Heineken's
+  market potential. Heineken now has seven bars in Moscow that
+  are enjoying good sales, but the bars only accept western
+  money.
+  
+
diff --git a/reuters/test/15197 b/reuters/test/15197
new file mode 100644
index 0000000000000000000000000000000000000000..284a14ea4f68333f8481b05f795f81f20fb36783
--- /dev/null
+++ b/reuters/test/15197
@@ -0,0 +1,6 @@
+WALGREEN CO <WAG> VOTES QUARTERLY DIVIDEND
+  Qtly div 13-1/2 cts vs 12-1/2 cts prior qtr
+      Pay 12 June
+      Record 21 May
+  
+
diff --git a/reuters/test/15198 b/reuters/test/15198
new file mode 100644
index 0000000000000000000000000000000000000000..d6874e422665c781221147054099becb573386ca
--- /dev/null
+++ b/reuters/test/15198
@@ -0,0 +1,14 @@
+COLOMBIA BUSINESS ASKED TO DIVERSIFY FROM COFFEE
+  A Colombia government trade official has
+  urged the business community to aggressively diversify its
+  activities and stop relying so heavily on coffee.
+      Samuel Alberto Yohai, director of the Foreign Trade
+  Institute, INCOMEX, said private businessmen should not become
+  what he called "mental hostages" to coffee, traditionally
+  Colombia's major export.
+      The National Planning Department forecast that in 1987
+  coffee will account for only one-third of total exports, or
+  about 1.5 billion dlrs, with oil and energy products making up
+  another third and non-traditional exports the remainder.
+  
+
diff --git a/reuters/test/15200 b/reuters/test/15200
new file mode 100644
index 0000000000000000000000000000000000000000..0283516c9fe100ecf0bfd3c0988d56f8a514ce66
--- /dev/null
+++ b/reuters/test/15200
@@ -0,0 +1,25 @@
+TURKEY CALLS FOR DIALOGUE TO SOLVE DISPUTE
+  Turkey said today its disputes with
+  Greece, including rights on the continental shelf in the Aegean
+  Sea, should be solved through negotiations.
+      A Foreign Ministry statement said the latest crisis between
+  the two NATO members stemmed from the continental shelf dispute
+  and an agreement on this issue would effect the security,
+  economy and other rights of both countries.
+      "As the issue is basicly political, a solution can only be
+  found by bilateral negotiations," the statement said. Greece has
+  repeatedly said the issue was legal and could be solved at the
+  International Court of Justice.
+      The two countries approached armed confrontation last month
+  after Greece announced it planned oil exploration work in the
+  Aegean and Turkey said it would also search for oil.
+      A face-off was averted when Turkey confined its research to
+  territorrial waters. "The latest crises created an historic
+  opportunity to solve the disputes between the two countries,"
+  the Foreign Ministry statement said.
+      Turkey's ambassador in Athens, Nazmi Akiman, was due to
+  meet Prime Minister Andreas Papandreou today for the Greek
+  reply to a message sent last week by Turkish Prime Minister
+  Turgut Ozal. The contents of the message were not disclosed.
+  
+
diff --git a/reuters/test/15204 b/reuters/test/15204
new file mode 100644
index 0000000000000000000000000000000000000000..031d714af9c1b5533edc6e7bd26d7d4d16faa7fd
--- /dev/null
+++ b/reuters/test/15204
@@ -0,0 +1,10 @@
+FRONTIER INSURANCE <FRTR> IN ACQUISITION TALKS
+  Frontier Insurance Group Inc
+  said it is currently negotiating to acquire the business of
+  Medical Quadrangle Inc, formerly its largest medical
+  malpractice insurance producer, and the business of its other
+  malpractice producer, Medical Professional Liability Agency
+  Inc.
+      It gave no details.
+  
+
diff --git a/reuters/test/15205 b/reuters/test/15205
new file mode 100644
index 0000000000000000000000000000000000000000..a7073c5a9d0382de12cef26aacf8744a666439d9
--- /dev/null
+++ b/reuters/test/15205
@@ -0,0 +1,14 @@
+FRONTIER INSURANCE GROUP INC <FRTR> 4TH QTR NET
+  Oper shr 25 cts vs six cts
+      Oper net 840,000 vs 139,000
+      Revs 8,290,000 vs 4,743,000
+      Avg shrs 3,335,029 vs 2,400,000
+      Year
+      Oper shr 97 cts vs 53 cts
+      Oper net 2,546,000 vs 1,275,000
+      Revs 28.8 mln vs 18.5 mln
+      Avg shrs 2,635,665 vs 2,400,000
+      NOTE: Net excludes investment gain four cts shr vs loss six
+  cts in quarter and gain five cts vs loss six cts in year.
+  
+
diff --git a/reuters/test/15206 b/reuters/test/15206
new file mode 100644
index 0000000000000000000000000000000000000000..4917994b367d4949e81f2ea56eb5dca7c467ea9b
--- /dev/null
+++ b/reuters/test/15206
@@ -0,0 +1,31 @@
+GATT OFFICIAL MEETS WITH U.S. FARM LEADERS
+  The official in charge of
+  agricultural matters in the new round of global trade talks is
+  in Washington today and tomorrow to meet with congressional and
+  Reagan administration officials.
+      Aart de Zeeuw, chairman of the General Agreement on Tariffs
+  and Trade's negotiating group on agriculture, met this morning
+  with members of the House Agriculture Committee.
+      Committee sources said De Zeeuw expressed concern over
+  protectionism and high farm price supports. House lawmakers
+  noted that in 1985 the United States took steps to reduce loan
+  rates, committee staff said.
+      "Members told him (De Zeeuw) that we lowered our (U.S.) loan
+  rates and can't eliminate subsidies unilaterally," one source
+  said.
+      De Zeeuw was told of the U.S. lawmakers' frustration with
+  Japan's restrictive rice import policy, and members defended
+  the U.S. dairy policy, which aims to cut surplus production by
+  subsidizing producers to trim herds, sources said.
+      Later today De Zeeuw will meet the Senate Agriculture
+  members and Undersecretary of State Affairs Allen Wallis.
+      Tomorrow, De Zeeuw is to meet the House Ways and Means
+  Trade Subcommittee and the Senate Finance Committee, before
+  visiting Agriculture Secretary Richard Lyng.
+      De Zeeuw goes to Canada later this week. His trip to North
+  America is part of his attempt to meet farm policy leaders in
+  the key GATT member states.
+      The negotiating group on agriculture held its first meeting
+  in February and is expected to meet again in May.
+  
+
diff --git a/reuters/test/15207 b/reuters/test/15207
new file mode 100644
index 0000000000000000000000000000000000000000..1447028bb7a6d24536316298556a673d245a7780
--- /dev/null
+++ b/reuters/test/15207
@@ -0,0 +1,6 @@
+SOUTHINGTON SAVINGS BANK <SSBB> 1ST QTR NET
+  Shr 39 cts vs not given
+      Net 707,000 vs 505,000
+      NOTE: Company went public in July 1986.
+  
+
diff --git a/reuters/test/15208 b/reuters/test/15208
new file mode 100644
index 0000000000000000000000000000000000000000..46f0e3d2f6323a44f08b61af8255f3dde7607d66
--- /dev/null
+++ b/reuters/test/15208
@@ -0,0 +1,6 @@
+CATERPILLAR INC <CAT> VOTES QUARTERLY DIVIDEND
+  Qtly div 12-1/2 cts vs 12-1/2 cts prior qtr
+      Pay 20 May
+      Record 20 April
+  
+
diff --git a/reuters/test/15210 b/reuters/test/15210
new file mode 100644
index 0000000000000000000000000000000000000000..7a6bf428587cc788fe0e1314945b2b8389a5b0ba
--- /dev/null
+++ b/reuters/test/15210
@@ -0,0 +1,13 @@
+CORRECTED - DATRON <DATR> AGREES TO BUYOUT
+  Datron Corp said it agreed to
+  merge with GGHF Inc, a Florida-based company formed by the four
+  top officers of the company.
+      According to terms of the proposed transaction, each share
+  of Datron common stock, excluding those shares owned by the
+  four officers, will be converted into six dlrs a share, it
+  said.
+      Datron's officers hold about 73 pct of the total 896,000
+  Datron common shares outstanding, it said.
+  (corrects company name, GGHF, in first paragraph)
+  
+
diff --git a/reuters/test/15211 b/reuters/test/15211
new file mode 100644
index 0000000000000000000000000000000000000000..92d66d3dc787fdac4e876a3586993feac8e1d472
--- /dev/null
+++ b/reuters/test/15211
@@ -0,0 +1,15 @@
+WALGREEN CO <WAG> 2ND QTR FEB 28 NET
+  Shr 62 cts vs 58 cts
+      Qtly div 13-1/2 cts vs 13-1/2 cts prior
+      Net 38.8 mln vs 35.7 mln
+      Revs 1.18 billion vs one billion
+      Six mths
+      Shr 84 cts vs 86 cts
+      Net 52 mln vs 52.9 mln
+      Revs 2.14 billion vs 1.82 billion
+      NOTE: Results include charge of four cts shr for latest six
+  mths vs credit of five cts shr for prior six mths from
+  investment tax credit
+       Dividend payable June 12, record May 21
+  
+
diff --git a/reuters/test/15212 b/reuters/test/15212
new file mode 100644
index 0000000000000000000000000000000000000000..471ab44ac12daa4fa2789cb4eedf4dca100da51e
--- /dev/null
+++ b/reuters/test/15212
@@ -0,0 +1,23 @@
+J.P. MORGAN<JPM> SAYS DLR MAY PREVENT FED EASING
+  The relatively high level of real U.S.
+  interest rates suggests that there is scope for further
+  declines in money market rates, but the Federal Reserve is
+  unlikely to promote such a drop as long as the dollar remains
+  volatile, said J.P. Morgan and Co Inc chairman Lewis Preston.
+      He said in response to a reporter's question after the
+  bank's annual meeting that money market rates could decline
+  further but, "I don't think the Fed is going to encourage that
+  as long as the exchange markets are as volatile as they are."
+      On the other hand, he said that, barring a collapse of the
+  dollar, he did not see rates going much higher.
+      He said that Morgan's recent rise in its prime lending rate
+  was "purely a reflection of an increase in a whole spectrum of
+  rates."
+      Preston reiterated earlier company forecasts that the U.S.
+  economy should show roughly 2.5 to three pct real growth this
+  year.
+      He also said that as a consequence of the dollar's decline
+  and oil price rises, inflation would rise "moderately" to a 3.5
+  to four pct rate in 1987.
+  
+
diff --git a/reuters/test/15213 b/reuters/test/15213
new file mode 100644
index 0000000000000000000000000000000000000000..125e5b168fb55f7f625cf5dd122e59d065f68ae3
--- /dev/null
+++ b/reuters/test/15213
@@ -0,0 +1,53 @@
+MEDTRONIC <MDT> SEES 15 PCT EARNINGS GROWTH
+  Medtronic Inc said it sees 15 pct
+  growth in sales and earnings for the year ending April 30,
+  1988.
+      At an analysts meeting here the company said that for the
+  year ending April 30, 1987 it will earn about 73 mln dlrs, or
+  about 5.15-5.35 dlrs a share on sales of about 500 mln dlrs.
+      In the year ago period, the company earned 53.4 mln dlrs,
+  or 3.65 dlrs a share, on sales of 402.8 mln dlrs.
+      Winston Wallin, Medtronic chairman, said the company will
+  improve market share in fiscal 1988 in cardiac pacemakers and
+  expand its cardiovascular therapeutic product line.
+      Wallin cautioned analysts not to quickly change their per
+  share estimates for the company as he said Medtronic will have
+  heavy sales and marketing expenses in fiscal 1988.
+      He said the company intends to reinvest its earnings in its
+  businesses and not in its dividends. "Shareholders are better
+  off if we grow the business rather than reinvest in dividends
+  or share repurchases," he said.
+      Wallin said he sees Medtronic's share of the total
+  worldwide pacemaker market increasing to 42 pct in fiscal 1988,
+  from 40 pct in fiscal 1987.
+      He said the worldwide market for cardiovascualr therapeutic
+  products, which includes pacemakers, valves, catheters and
+  lasers, will be valued at about 2.5 billion dlrs 1990 and will
+  double that by 1995.
+      Wallin said, "Our objective is to get a hold of new
+  products and start building market share if we have to beg,
+  borrow or steal to get into new markets."
+      In the past, Medtronic's pacemakers have been plagued with
+  a number of problems leading to product recalls. Regulators
+  also have criticized the industry, citing quality problems and
+  a needless overprescription of pacemakers.
+      "We have no knowledge of any major problems in our
+  pacemakers or leads," Wallin said. "We intend to re-establish
+  our company as the quality leader in the industry."
+      Glen Nelson, executive vice president for Medtronics, said
+  the company intends to diversify internally and through
+  acquisitions of companies in areas of Medtronic's expertise,
+  such as drug delivery systems.
+      Wallin said the 15 pct earnings growth for fiscal 1988 does
+  not include dilutions from acquisitions. "We hope to have some
+  safety provisions so that we won't have any major dilutions
+  from an acquisition."
+      Wallin also said the company will have virtual exclusivity
+  in rate responsive pacemakers for all of fiscal 1988.
+      The company markets Activitrax, the first single chamber
+  pacemaker that varies heartrate in response to physical
+  activity.
+      Siemens AG, a West German company, is also developing a
+  rate responsive pacemaker.
+  
+
diff --git a/reuters/test/15217 b/reuters/test/15217
new file mode 100644
index 0000000000000000000000000000000000000000..1f1ed3af719cda75f1fdf8fe0c971c0a430e08a0
--- /dev/null
+++ b/reuters/test/15217
@@ -0,0 +1,13 @@
+SPIE BATIGNOLLES COULD INCREASE COMSTOCK HOLDING
+  Construction group <Spie Batignolles> is
+  negotiating to increase its holding in U.S. Engineering and
+  electrical installations firm <Comstock>.
+      Spie Batignolles, a subsidiary of Schneider SA <SCHN.PA>,
+  said in a statement it was negotiating to invest 20 mln dlrs in
+  Comstock in the form of bonds convertible into shares.
+      Spie Batignolles has held a 20 pct stake in Comstock since
+  February 1986. A spokesman said if Spie Batignolles converted
+  all the new bonds, it could open the way for the French company
+  to take control of Comstock but he gave no other details.
+  
+
diff --git a/reuters/test/15219 b/reuters/test/15219
new file mode 100644
index 0000000000000000000000000000000000000000..9bab5d9d859981744a71a25d51418b5cd212cc8b
--- /dev/null
+++ b/reuters/test/15219
@@ -0,0 +1,24 @@
+TALKS CONTINUE ON TIN AGREEMENT EXTENSION
+  Discussions on the possible extension of
+  the sixth International Tin Agreement (ITA) began at the
+  quarterly session of the International Tin Council (ITC) but
+  the Council is still waiting for decisions from various member
+  states.
+      A number of producer governments in particular have not
+  decided their final position on whether the ITA should be
+  extended for up to two years or wound down after it expires on
+  June 30, according to delegate sources.
+      Earlier today European Community (EC) members decided to
+  back an extension, with the exception of Britain, which
+  undertook to communicate its decision to its EC partners later.
+      Delegates said it could be Friday before all the member
+  countries declare their positions on the possible extension.
+  Today's full Council session started shortly before 1500 GMT
+  after the scheduled 1330 start was delayed by an EC
+  coordination meeting.
+      The council reconvenes at 0930 GMT tomorrow, although
+  delegates said the morning is likely to be taken up with minor
+  technical matters and the main issue will probably not be
+  discussed before the afternoon session.
+  
+
diff --git a/reuters/test/15220 b/reuters/test/15220
new file mode 100644
index 0000000000000000000000000000000000000000..c58975562814459719a3dee5058997b828207e60
--- /dev/null
+++ b/reuters/test/15220
@@ -0,0 +1,15 @@
+PAKISTAN COTTON CROP SEEN RECORD 7.6 MLN BALES
+  Pakistan is likely to produce a record
+  7.6 mln bales (375 lbs each) of cotton from the current 1986/87
+  crop, exceeding a target of 7.2 mln bales, Food and Agriculture
+  Minister Mohammad Ibrahim Baluch said.
+      He told a Pakistan Central Cotton Committee meeting here
+  the present was the third consecutive poroduction
+  record-setting year and said the momentum would be accelerated
+  in the future, the official APP news agency reported.
+      Baluch said indications were that Pakistan is to attain a
+  record cotton production of 7.6 mln bales, compared to the
+  1985/86 crop of 7.2 mln bales which also represented the target
+  earlier set by authorities for this year's production.
+  
+
diff --git a/reuters/test/15221 b/reuters/test/15221
new file mode 100644
index 0000000000000000000000000000000000000000..aa74937c4a669cebeb77fedb7b2d6f79fd5aa354
--- /dev/null
+++ b/reuters/test/15221
@@ -0,0 +1,12 @@
+TRANZONIC COS <TNZ> 4TH QTR FEB 28 NET
+  Shr 54 cts vs 24 cts
+      Net 633,300 vs 300,859
+      Sales 15.2 mln vs 13.0 mln
+      Avg shrs 1,165,047 vs 1,224,982
+      Year
+      Shr two dlrs vs 1.64 dlrs
+      Net 2,379,400 vs 2,011,924
+      Sales 58.6 mln vs 54.0 mln
+      Avg shrs 1,187,828 vs 1,223,511
+  
+
diff --git a/reuters/test/15222 b/reuters/test/15222
new file mode 100644
index 0000000000000000000000000000000000000000..20e14b180225323fc76dac5c5a421b6d2b9711e6
--- /dev/null
+++ b/reuters/test/15222
@@ -0,0 +1,5 @@
+SECURITY PACIFIC EXPECTS BRAZIL LOAN ACTION TO CUT NET BY 7.2 MLN DLRS
+
+  SECURITY PACIFIC EXPECTS BRAZIL LOAN ACTION TO CUT NET BY 7.2 MLN DLRS
+  
+
diff --git a/reuters/test/15223 b/reuters/test/15223
new file mode 100644
index 0000000000000000000000000000000000000000..cf730fc66ecffdf00d275d0812d6eb95abdd83ef
--- /dev/null
+++ b/reuters/test/15223
@@ -0,0 +1,15 @@
+WHITE HOUSE SAYS JAPANESE TARRIFFS LIKELY
+  The White House said high U.S.
+  Tariffs on Japanese electronic goods would likely be imposed as
+  scheduled on April 17, despite an all-out effort by Japan to
+  avoid them.
+      Presidential spokesman Marlin Fitzwater made the remark one
+  day before U.S. And Japanese officials are to meet under the
+  emergency provisions of a July 1986 semiconductor pact to
+  discuss trade and the punitive tariffs.
+      Fitzwater said: "I would say Japan is applying the
+  full-court press...They certainly are putting both feet forward
+  in terms of explaining their position." But he added that "all
+  indications are they (the tariffs) will take effect."
+  
+
diff --git a/reuters/test/15226 b/reuters/test/15226
new file mode 100644
index 0000000000000000000000000000000000000000..14888f349fefd8545297292c57fc8505ff6bdfdc
--- /dev/null
+++ b/reuters/test/15226
@@ -0,0 +1,24 @@
+SHOWBOAT <SBO> TO TAKE CHARGE, SEES 3RD QTR LOSS
+  Showboat Inc will take a
+  charge of 19 to 20 mln dlrs pretax against results for the
+  third quarter ended March 31, director and assistant to the
+  president J. Kell Houssels III told Reuters.
+      He said the charge results from pre-operating expenses of
+  its recently-opened Atlantic City, N.J., Showboat Hotel, Casino
+  and Bowling Center and will cause a loss for the third quarter
+  and probably for all of fiscal 1987 as well.
+      But Houssels said Showboat's earnings for fiscal 1988
+  should show a sharp increase from fiscal 1986 levels due to the
+  contribution of the new Atlantic City facility.
+      Showboat earned 1,753,000 dlrs in last year's third
+  quarter.  For all of fiscal 1986 it earned 5,769,000 dlrs.
+      Houssels said Showboat since the opening of the Atlantic
+  City hotel/casino, Showboat has had to start charging interest
+  expenses connected with debt it sold to finance the facility
+  directly against income rather than capitalizing the interest
+  as it had been able to do previously.
+      Showboat opened the hotel during its third quarter and
+  gaming began last Thursday on a regular basis after test gaming
+  was completed earlier in the week.
+  
+
diff --git a/reuters/test/15227 b/reuters/test/15227
new file mode 100644
index 0000000000000000000000000000000000000000..dcf5c56878050209664d0255a44f19cab815117c
--- /dev/null
+++ b/reuters/test/15227
@@ -0,0 +1,32 @@
+SECURITY PACIFIC <SPC> LOANS PUT ON NON-ACCRUAL
+  Security Pacific Corp said it is
+  placing medium and long-term loans to Brazil and Ecuador on a
+  non-accrual basis as of March 31, a move that will reduce first
+  quarter earnings by 7.2 mln dlrs, or nine cts per share, after
+  taxes.
+      Despite the anticipated reduction to quarterly earnings,
+  Security Pacific said it still expects to report first quarter
+  earnings higher than the 88 mln dlrs, or 1.11 dlrs per share
+  reported for the first quarter of 1986.
+      The bank holding company said the action affects 401 mln
+  dlrs of loans to Brazil and 73 mln of loans to Ecuador.
+      Brazil suspended interest payments on its 68 billion dlrs
+  of medium- and long-term debt on February 20.
+      Ecuador, which has foreign debt of roughly eight billion
+  dlrs, has not paid any interest to foreign banks since
+  February.
+      In March Ecuador said it would suspend interest payments
+  for the rest of the year because of an earthquake which halted
+  the export of oil, which accounts for about 75 pct the
+  country's export revenues.
+      In its announcement, Security Pacific said it will record
+  interest income only as it is received in cash.
+      The company also said it believes that Brazil will reach an
+  agreement with its banks and that interest payments will resume
+  later in 1987.
+      The Brazilian negotiations resume on Friday in New York
+  when Central Bank Governor Francisco Gros is expected to ask
+  banks for a 90-day roll-over of some 9.5 billion dlrs of term
+  debt that matures on April 15.
+  
+
diff --git a/reuters/test/15230 b/reuters/test/15230
new file mode 100644
index 0000000000000000000000000000000000000000..fe49d159a3fa0b1200c3b861060e045d5d655a10
--- /dev/null
+++ b/reuters/test/15230
@@ -0,0 +1,28 @@
+IRAQI TROOPS REPORTED PUSHING BACK IRANIANS
+  Iraq said today its troops were pushing
+  Iranian forces out of positions they had initially occupied
+  when they launched a new offensive near the southern port of
+  Basra early yesterday.
+      A High Command communique said Iraqi troops had won a
+  significant victory and were continuing to advance.
+      Iraq said it had foiled a three-pronged thrust some 10 km
+  (six miles) from Basra, but admitted the Iranians had occupied
+  ground held by the Mohammed al-Qassem unit, one of three
+  divisions attacked.
+      The communique said Iranian Revolutionary Guards were under
+  assault from warplanes, helicopter gunships, heavy artillery
+  and tanks.
+      "Our forces are continuing their advance until they purge
+  the last foothold" occupied by the Iranians, it said.
+      (Iran said its troops had killed or wounded more than 4,000
+  Iraqis and were stabilising their new positions.)
+      The Baghdad communique said Iraqi planes also destroyed oil
+  installations at Iran's southwestern Ahvaz field during a raid
+  today. It denied an Iranian report that an Iraqi jet was shot
+  down.
+      Iraq also reported a naval battle at the northern tip of
+  the Gulf. Iraqi naval units and forces defending an offshore
+  terminal sank six Iranian out of 28 Iranian boats attempting to
+  attack an offshore terminal, the communique said.
+  
+
diff --git a/reuters/test/15233 b/reuters/test/15233
new file mode 100644
index 0000000000000000000000000000000000000000..fdb1b03b2ef5c04b44d7d9fffdeef4633a37abd8
--- /dev/null
+++ b/reuters/test/15233
@@ -0,0 +1,15 @@
+GOLDEN ENTERPRISES INC <GLDC> 3RD QTR FEB 28 NET
+  Shr 15 cts vs nine cts
+      Qtly div six cts vs six cts in prior qtr
+      Net 2,002,261 vs 1,168,638
+      Revs 29.2 mln vs 29.3 mln
+      Avg shrs 13.1 mln vs 13.0 mln
+      Nine mths
+      Shr 49 cts vs 36 cts
+      Net 6,404,536 vs 4,623,295
+      Revs 92.2 mln vs 88.2 mln
+      Avg shrs 13.1 mln vs 13.0 mln
+      NOTE: Dividend is payable April 30 to holders of record
+  April 20
+  
+
diff --git a/reuters/test/15234 b/reuters/test/15234
new file mode 100644
index 0000000000000000000000000000000000000000..ad2eb838eed4c9a8a85b1f48277a4d996dd4e038
--- /dev/null
+++ b/reuters/test/15234
@@ -0,0 +1,12 @@
+GROUP OF FIVE MEETING ENDS
+  A meeting of finance ministers and
+  central bankers of the Group of Five ended after nearly three
+  and a half hours.
+      West German Finance Minister Gerhard Stoltenberg and
+  British Chancellor of the Exchequer Nigel Lawson declined to
+  comment on the meeting as they emerged from the U.S. Treasury.
+      A European monetary official said the ministers of the
+  Group of Seven countries would gather at about three p.m. local
+  (1900 GMT) at the Treasury.
+  
+
diff --git a/reuters/test/15237 b/reuters/test/15237
new file mode 100644
index 0000000000000000000000000000000000000000..490756b324adcc2d932e092cd42f9565313be7e0
--- /dev/null
+++ b/reuters/test/15237
@@ -0,0 +1,15 @@
+USDA TO PROPOSE FOREIGN MEAT INSPECTION RULE
+  The U.S. Agriculture Department is
+  preparing a proposal that would require all foreign meat
+  products to be inspected at their point of arrival in the
+  United States, a USDA official said.
+      Donald Houston, administrator of USDA's Food Safety and
+  Inspection Service, FSIS, told a House Agriculture subcommittee
+  USDA was developing a proposed change in regulations that would
+  put an end to the current practice of permitting foreign meat
+  products to be unloaded at one port and inspected at another
+  port.
+      Houston said the requirement would be phased in over
+  several years to "avoid disruptions and economic hardship."
+  
+
diff --git a/reuters/test/15238 b/reuters/test/15238
new file mode 100644
index 0000000000000000000000000000000000000000..5d7ca89015d76f722762735ded44c193fba78d1b
--- /dev/null
+++ b/reuters/test/15238
@@ -0,0 +1,35 @@
+UNION TEXAS OIL RESERVES DROPPED IN 1986
+  Union Texas Petroleum said its worldwide
+  proved reserves fell to 511 mln barrels of oil equivalent at
+  the end of 1986 from 555 mln barrels reported in 1985.
+      In its newly released annual report, Union Texas said it
+  replaced about 71 pct of its production of 56 mln barrels of
+  oil equivalent last year after taking into account the sale of
+  27 mln barrels of U.S. reserves.
+      Union Texas, the nation's largest independent oil and gas
+  producer based on revenues, is a privately-held company owned
+  by Kohlberg Kravis Roberts and Co and Allied-Signal Inc <ALD>.
+      The Houston-based company said it lost 57.5 mln dlrs on
+  1.26 billion dlrs in sales last year, compared to profits of
+  165 mln dlrs on 2.04 billion dlrs in sales in 1985.
+      Union Texas said it received an average of 13.35 dlrs per
+  barrel for its international oil production and 2.99 dlrs per
+  mcf for its foreign natural gas sales. The majority of the
+  company's total energy production is in the United Kingdom,
+  Indonesia and Pakistan.
+      In the United States, Union Texas said it completed
+  evaluation work on its oil find in Alaska's Colville Delta
+  area.
+      "Although significant oil reserves were confirmed,
+  development of this discovery will not be economical without
+  substantially higher prices," the company said.
+      Union Texas said it planned to spend about 42 mln dlrs over
+  the next two years to develop its Eugene Island Block 371 in
+  the Gulf of Mexico.
+      In 1987, the company said it budgeted 178 mln dlrs for
+  capital spending, less than half of the amount spent in 1985
+  and down from 199 mln dlrs budgeted last year. Union Texas also
+  said it would seek acquisitions of oil and gas properties as
+  well as petrochemical-related businesses.
+  
+
diff --git a/reuters/test/15239 b/reuters/test/15239
new file mode 100644
index 0000000000000000000000000000000000000000..87a6688e01fefc1001f1cb7bef4ad6795141ff87
--- /dev/null
+++ b/reuters/test/15239
@@ -0,0 +1,49 @@
+UAL <UAL> MAY RESPOND TO PILOTS TODAY
+  UAL Inc may have a response this
+  afternoon to the pilots union proposal to buy its United
+  Airlines unit, a UAL spokesman said.
+      "Obviously, we have a lot of movement in our stock, and we
+  need to get a clarification out," the spokesman said, adding
+  that there was a "50-50" chance a statement would be released
+  today.
+      The pilots earlier this week offered to buy the airline for
+  2.3 billion dlrs, and assume 2.2 billion dlrs of existing debt.
+      Takeover speculation has driven UAL's stock for several
+  weeks. UAL last month said New York Real estate developer
+  Donald Trump held a position in its stock, and that he also
+  held discussions with its chairman.
+      The developer indicated in those talks that he took the
+  position as an investment, but he revealed no other plans.
+      Today, rumors circulated that Coniston Partners were buying
+  UAL stock. UAL jumped five to 70-3/4 on volume of more than 3.2
+  mln shares.
+      "United has got to consider this proposal. I think the
+  pilot's proposal is realistic. I don't exptect them to take it,
+  but it could put some interesting options in front of UAL
+  management," said Timothy Pettee, Bear Stearns and co analyst.
+      Analysts have said UAL made itself vulnerable to attack
+  when it diversified away from its core airline. It added Hertz
+  rental cars, Westin and Hilton International hotels in a
+  strategy to become a travel service company.
+      The strategy left its stock in a slump and its pilots union
+  concerned that the company was not focussing enough attention
+  on its airline.
+      UAL has stood firm on its strategy. It is emphasizing its
+  new focus by changing its name to Allegis, as of May one.
+      But takeover speculation has escalated, and Wall Street has
+  been busy calculating break up values well in excess of 100
+  dlrs per share. Traders today described the buying in UAL as
+  widespread, indicative to them that big institutions believe
+  the stock is in play.
+      Market sources have said that although Trump attracted
+  attention to the stock, the pilots proposal acted as a
+  catalyst, kicking off a new round of speculation and perhaps
+  throwing the company into the hands of another buyer.
+      "The first domino is you have an investor with a
+  considerable stake. the second domino is the union. That type
+  of attitude has been a precursor to airline deals in the past,"
+  said Pettee.
+      "What's interesting is the values are there. There's
+  something for everybody," he said.
+  
+
diff --git a/reuters/test/15240 b/reuters/test/15240
new file mode 100644
index 0000000000000000000000000000000000000000..d05378d67ce913f632046467a7fb1a4cfd73462f
--- /dev/null
+++ b/reuters/test/15240
@@ -0,0 +1,23 @@
+HARTMARX <HMX> TARGETS EARNINGS GROWTH
+  Hartmarx Corp, following a year of
+  restructuring, continues to target record earnings for fiscal
+  1987, Chairman John Meinert told the annual meeting.
+      Meinert reiterated an earlier comment that earnings for the
+  remainder of the year must double the 1986 level to meet that
+  goal. In fiscal 1986, ended November 30, 1986, Hartmarx
+  reported earnings of 24.8 mln dlrs, or 1.20 dlrs a share, down
+  from the prior year's 42.7 mln dlrs, or 2.25 dlrs a share.
+      The 110-year-old apparel manufacturer recently posted
+  first-quarter earnings of 54 cts a share, up from 40 cts a year
+  ago.
+      Meinert told shareholders Hartmarx has no plans to sell any
+  of its divisions. He added, "We have the financial capacity to
+  take advantage of acquisitions."
+      In 1987, Meinert said the company will open five new and 10
+  redesigned Kuppenheimer direct-to-consumer stores in Atlanta,
+  Detroit, St. Louis, Washington, D.C. and San Francisco.
+      He said the company's women's apparel continues to grow,
+  and Hartmarx has on the drawing board a Briar concept store
+  which will feature ties, shirts and some tailored clothing.
+  
+
diff --git a/reuters/test/15242 b/reuters/test/15242
new file mode 100644
index 0000000000000000000000000000000000000000..2c51bf54b85e3d373fe30025c23dd935ceb98218
--- /dev/null
+++ b/reuters/test/15242
@@ -0,0 +1,5 @@
+FED'S HELLER SEES RETURN TO SLOWER MONEY SUPPLY GROWTH
+
+  FED'S HELLER SEES RETURN TO SLOWER MONEY SUPPLY GROWTH
+  
+
diff --git a/reuters/test/15243 b/reuters/test/15243
new file mode 100644
index 0000000000000000000000000000000000000000..a21dd3cd7cae12dc03afaf857307f59f737e729e
--- /dev/null
+++ b/reuters/test/15243
@@ -0,0 +1,5 @@
+GENERAL ELECTRIC CO 1ST QTR SHR 1.37 DLRS VS 1.18 DLRS
+
+  GENERAL ELECTRIC CO 1ST QTR SHR 1.37 DLRS VS 1.18 DLRS
+  
+
diff --git a/reuters/test/15244 b/reuters/test/15244
new file mode 100644
index 0000000000000000000000000000000000000000..337102ca441ba10674eae6f893fae0f78b036cdc
--- /dev/null
+++ b/reuters/test/15244
@@ -0,0 +1,12 @@
+GHANA TO BUY CRUDE OIL FROM IRAN
+  Ghana will import 15,000 tonnes of crude
+  oil annually from Iran under an agreement reached in Tehran
+  today, the Iranian news agency IRNA reported.
+      The agency, received in London, said the accord was reached
+  between Iranian Oil Minister Gholamreza Aqazadeh and a visiting
+  Ghanaian delegation headed by Foreign Minister Obed Asamoah.
+      IRNA said that under the agreement, Iran will also provide
+  technical and scientific assistance in manpower training and
+  oil exploitation, production and refining.
+  
+
diff --git a/reuters/test/15246 b/reuters/test/15246
new file mode 100644
index 0000000000000000000000000000000000000000..beb3a093aa633dc1b88d9f44ca8bda89fda8654c
--- /dev/null
+++ b/reuters/test/15246
@@ -0,0 +1,43 @@
+FED'S HELLER SAYS MONETARY GROWTH TO BE SLOWER
+  Robert Heller, a member of the
+  Federal Reserve Board, said he expects "more modest levels" of
+  growth in the money supply this year.
+      "In my view, this would not only be a logical, but also a
+  most desireable development," he said in a speech prepared for
+  delivery to an economic forum at Chapman College in Orange,
+  Calif.
+      A text was released in Washington.
+      He said the effect of lower inflation and financial
+  deregulation on monetary aggregates was now largely finished.
+      "Consequently, monetary growth may return to more modest
+  levels," Heller said. He noted growth in the money supply slowed
+  after mid-January.
+      "I would not be surprised at all if the monetary aggregates
+  were to grow rather slowly during the balance of the year as
+  well," he added.
+      Heller said there was a danger of renewed price inflation.
+      "The pricing behavior of American producers in response to
+  price increases of their foreign competitors will be crucial
+  for our economic future," he said.
+      Widespread domestic price rises in response to rising
+  import prices would "generalize the inflationary forces
+  emanating from the foreign trade sector" and might not gain more
+  market share for U.S. producers.
+      "A return to the stagflation of the late 1970s may well be
+  the result of such a behavior pattern," Heller warned.
+      He said "we at the Federal Reserve will have to be
+  disciplined in our conduct of monetary policy." 
+      Heller said said the government should also exercise fiscal
+  discipline and cut the deficit by spending restraint rather
+  than new taxes.
+      "The imposition of new taxes would tend to rekindle
+  inflation and certainly would not make us more competitive in
+  international markets," Heller said.
+      He said the U.S. economy should expand by nearly three pct
+  during 1987, aided by higher exports to Europe and Canada.
+      A free trade agreement currently being negotiated with
+  Canada "would be exceedingly helpful in allowing American
+  producers to compete more effectively in that country," Heller
+  said.
+  
+
diff --git a/reuters/test/15247 b/reuters/test/15247
new file mode 100644
index 0000000000000000000000000000000000000000..33b3bb989bcb9d426d99f41f70f1272d8fe64d0c
--- /dev/null
+++ b/reuters/test/15247
@@ -0,0 +1,7 @@
+GENERAL ELECTRIC CO <GE> 1ST QTR NET
+  Shr 1.37 dlrs vs 1.18 dlrs
+      Net 624 mln vs 537 mln
+      Sales 8.32 billion vs 5.88 billion
+      NOTE: Prior year does not include results of RCA Corp.
+  
+
diff --git a/reuters/test/15250 b/reuters/test/15250
new file mode 100644
index 0000000000000000000000000000000000000000..fda77ea624d1a8d659f48e01e42bf8c26246cabe
--- /dev/null
+++ b/reuters/test/15250
@@ -0,0 +1,15 @@
+ENERGY DEVELOPMENT <EDP> HAD YEAR LOSS
+  Energy Development Partners Ltd said
+  it had an operating loss for the year ended December 31 of 2.4
+  mln dlrs, or 40 cts per share.
+      But it said a 41.5 mln dlr non-cash writeoff of oil and gas
+  properties taken in the first quarter resulted in a net loss of
+  43.9 mln dlrs, or 7.21 dlrs per share.
+      Energy Development Partners, is a limited partnership which
+  began operating in September 1985.
+      Full year revenues totaled 23.7 mln dlrs, the company also
+  said.
+      It said proved reserves at December 31 totaled 4.8 mln
+  barrels of oil and 88 mln cubic feet of natural gas.
+  
+
diff --git a/reuters/test/15253 b/reuters/test/15253
new file mode 100644
index 0000000000000000000000000000000000000000..5da2cd75322ae9ffd6b3f7e95f7d8a1fc66571cb
--- /dev/null
+++ b/reuters/test/15253
@@ -0,0 +1,28 @@
+INDUSTRIAL NATIONS RECONVENE FOR TALKS
+  Financial ministers and central
+  bankers of leading industrial nations reconvened here this
+  afternoon.
+      Canadian Finance Minister Michael Wilson said on entering
+  the meeting the ministers would review the Paris agreement.
+  Asked if he was satisfied with West German and Japanese
+  stimulus, Wilson replied, "They could do a little more."
+      French Finance Minister Edouard Balladur, meanwhile,
+  confirmed there would be a communique at the end of the
+  meeting.
+      Finance ministers and central bankers of Britain, FRance,
+  Canada and West Germany were seen by Reuter correspondents
+  returning to a Treasury building.
+      Japanese officials and Bundesbank President Karl Otto Poehl
+  did not appear to have left the building at the end of earlier
+  Group of Five talks which broke up around 2 p.m. local time
+  (1800 gmt).
+      There was no sign, however, of the Italian delegation whose
+  position was thrown into question this morning by the
+  resignation of the Christian Democratic wing of Italy's
+  Socialist-led government.
+      European monetary officials said later that the Italian
+  delegation was inside the building.
+      This meant that a full blown meeting of the Group of Seven
+  was in progress.
+  
+
diff --git a/reuters/test/15254 b/reuters/test/15254
new file mode 100644
index 0000000000000000000000000000000000000000..5a4e8da6c76dc9126cfb1d839deb0e1fec5ab0cc
--- /dev/null
+++ b/reuters/test/15254
@@ -0,0 +1,67 @@
+U.S. MEAT, POULTRY INSPECTION CALLED FAULTY
+  The U.S. meat and poultry inspection
+  programs are incapable of protecting consumers from
+  contaminated products, groups representing inspectors and
+  consumers charged.
+      "The whole trend of inspection for the last 10 years has
+  been to corrupt and to degrade the system where today the
+  public is at constant risk to contaminated and adulterated
+  meat," Kenneth Blaylock, president of the American Federation of
+  Government Employees, told a House Agriculture subcommittee.
+      "The American consumer has little reason to feel confident
+  about the safety of meat and poultry being offered to him
+  today," said Rodney Leonard, executive director of the Community
+  Nutrition Institute.
+      "Company management is less concerned about the risk to
+  health than about raising plant output and company profits,"
+  Leonard told a hearing of the House Agriculture Subcommittee on
+  Livestock, Dairy and Poultry.
+      Kenneth Morrison, staff associate at the Government
+  Accountability Project, said inspectors consistently disclose
+  violations of federal law, demonstrating a "serious breakdown in
+  the entire inspection system."
+      Morrison told of chicken fat for flavoring being
+  contaminated by "intestines dragging in a water trough used to
+  flush away the condemned product, fecal material, human spit,
+  chewing gum and paper towels used by plant employees to blow
+  their noses."
+      Donald Houston, administrator of the U.S. Agriculture
+  Department's Food Safety and Inspection Service, FSIS, defended
+  the government's program, calling it "one of the most respected
+  public health programs in the world."
+      FSIS inspects an estimated 127 mln head of cattle and 4.5
+  billion chicken and turkeys every year.
+      Houston said inspection programs have kept pace with
+  change, but conceded that the danger of chemical residues in
+  the meat and poultry supply has increased.
+      He also said that, although he was confident the bacterium
+  salmonella eventually could be eradicated, it would take time
+  and much money to contain the growing problem.
+      Salmonella, which in extreme cases can cause death, is
+  found in approximately 37 pct of U.S. broilers, 12 pct of raw
+  pork and three to five pct of raw beef, Houston said.
+      The number of reported cases has doubled over the past 20
+  years, he said, to 40,000 cases annually.
+      "We certainly really have not found an effective means of
+  turning this disease around," said Rep. James Olin (D-Va.)
+      The National Research Council recommended in 1985 that FSIS
+  intensify efforts to develop rapid diagnostic procedures for
+  detecting microoganisms.
+      But the meat and poultry industries have said such controls
+  would cost too much.
+      "Hopefully we will not overreact by installing unnecessarily
+  complicated procedures that may become obstacles to the real
+  goal of providing an increasingly safer, more nutritious and
+  economical meat supply for consumers," Stanley Emerling,
+  executive vice president of the National Association of Meat
+  Purveyors, said.
+      Blaylock, speaking on behalf of food inspectors, said a new
+  program allowing elimination of USDA inspection functions at
+  certain plants "voids the law in letter and spirit, and must be
+  repealed or we will see rising consumer fraud and an epidemic
+  of death and illness for which there will be no prevention nor
+  legal recourse."
+      Subcommittee Chairman Charles Stenholm (D-Tex.) said the
+  panel would hold a hearing on salmonella June 2.
+  
+
diff --git a/reuters/test/15255 b/reuters/test/15255
new file mode 100644
index 0000000000000000000000000000000000000000..358b578a11a97217d1ef6b1570a8f362c0a4aff0
--- /dev/null
+++ b/reuters/test/15255
@@ -0,0 +1,36 @@
+CHRYSLER <C> RENAULT DELAY AM MOTORS <AMO> PACT
+  Chrysler Corp and Regie Natiionale des
+  Usines Renault said they agreed to extend by up to two weeks
+  the period for reaching definitive agreement on Chrysler's
+  proposed 1.5 billion dlr takeover of American Motors Corp.
+      The letter of intent signed by Chrysler and Renault on
+  March nine set April nine as the target date for completing
+  negotiations.
+      However, the letter also allowed room for an extension of
+  that date to April 23 if an agreement could not be reached.
+      The two companies said they "now plan to complete work by
+  April 23."
+      Chrysler and Renault said, "Given the complex nature of the
+  deal, the need for additional time was to be expected."
+      The March letter of intent between the two companies says
+  that Chrysler could ask Renault to extend the agreement date
+  "in the event that prior to April 9, 1987, Chrysler discovers
+  an unforeseen problem in the course of its 'due diligence'
+  investigation of the company," referring to American Motors.
+      A Chrysler spokeswoman would not say whether some problem
+  had cropped up in the talks. She stuck by the company's
+  statement that more time was needed because the talks are
+  complex. "That is our definition of the delay," she said.
+      Under the previous agreement between Chrysler and Renault,
+  their letter of intent would be terminated on April nine or
+  when an agreement was reached. But the letter could be amendend
+  by a written agreement by both companies.
+      The Chrysler spokeswoman said, "We are still working toward
+  a definitive agreement." Said another Chrysler official who is
+  not part of the talks but who would be told if the deal were in
+  trouble: "There are no glitches."
+      Analysts also downplayed the significance of the delay. "I
+  can't visualize where they wouldn't want it to be done," said
+  Donaldson Lufkin Jenrette analyst Richard Henderson.
+  
+
diff --git a/reuters/test/15258 b/reuters/test/15258
new file mode 100644
index 0000000000000000000000000000000000000000..d38ead76e9ca9e233f4b21aad5efd7fe886c7482
--- /dev/null
+++ b/reuters/test/15258
@@ -0,0 +1,6 @@
+RITE AID CORP <RAD> SETS DIVIDEND
+  Qtly div 16-1/2 cts vs 16-1/2 cts
+      Pay April 27
+      Record April 20
+  
+
diff --git a/reuters/test/15259 b/reuters/test/15259
new file mode 100644
index 0000000000000000000000000000000000000000..83b574c0980ebaae3c2886de7363f970c3d3e1f9
--- /dev/null
+++ b/reuters/test/15259
@@ -0,0 +1,10 @@
+AIRSENSORS INC <ARSN> 3RD QTR JAN 31 LOSS
+  Shr loss five cts vs loss six cts
+      Net loss 696,777 vs loss 598,095
+      Sales 472,812 vs 41,454
+      Nine mths
+      Shr loss 15 cts vs loss 17 cts
+      Net loss 2,194,482 vs loss 1,751,884
+      Sales 800,336 vs 151,884
+  
+
diff --git a/reuters/test/15262 b/reuters/test/15262
new file mode 100644
index 0000000000000000000000000000000000000000..9f5234287f0a80a5e16c7d8a0a498f8151c90837
--- /dev/null
+++ b/reuters/test/15262
@@ -0,0 +1,5 @@
+CANADA PLANS TO MONITOR STEEL IMPORTS, EXPORTS, TRADE MINISTER SAYS
+
+  CANADA PLANS TO MONITOR STEEL IMPORTS, EXPORTS, TRADE MINISTER SAYS
+  
+
diff --git a/reuters/test/15263 b/reuters/test/15263
new file mode 100644
index 0000000000000000000000000000000000000000..cac400ed0a443e855e7630a988efd611f175f231
--- /dev/null
+++ b/reuters/test/15263
@@ -0,0 +1,37 @@
+GENERAL ELECTRIC <GE> 1ST QTR HELPED BY RCA
+  General Electric Corp said its
+  first quarter results were significantly higher due to the
+  strong results of RCA, which was acquired last year.
+      General Electric also attibuted continued strong
+  performances in plastics, major appliances and the Employers
+  Reinsurance Corp for its strong quarter.
+      GE recorded net earnings for the first quarter 1987 of 624
+  mln dlrs, or 1.37 dls per shr, up 16 pct from 537 mln dlrs, or
+  1.18 dlrs per share for the same quarter a year ago.
+      General Electric chairman John Welch Jr reiterated the
+  company's outlook for 1987 in which it expects double-digit GE
+  earnings growth for the year. He said the first quarter results
+  are in line with those expectations.
+      General Electric cited the strong results in TV network and
+  station operations of the National Broadcasting Co, which was
+  not part of GE in the first quarter of 1986, as one reason for
+  its strong earnings.
+      It also noted that aircraft engine operating profit was
+  much higher than a year ago, caused by a increase in shipments
+  than the 1986 quarter, which was impacted by a strike.
+      Aerospace revenues were sharply higher in this year's first
+  quarter from a year ago, mainly because of the inclusion of
+  RCA's aerospace and defense business, the company said.
+      In addition, consumer products revenues were up from last
+  year, mainly because of including sales of RCA video products.
+      General Electric said restructuring provisions of 308 mln
+  dlrs before taxes to implement various strategic moves were
+  charged against operations in the first quarter of 1987. It
+  added that there was a one-time gain of 281 mlns dlrs after
+  taxes from an inventory accounting change.
+      And technical products revenues and operating profit were
+  ahead of last year, led by a strong increases in medical
+  systems volume and the inclusion this year of RCA's
+  communications and related services.
+  
+
diff --git a/reuters/test/15264 b/reuters/test/15264
new file mode 100644
index 0000000000000000000000000000000000000000..4a13c877fb25a148073f75daa166d2c04a3ff867
--- /dev/null
+++ b/reuters/test/15264
@@ -0,0 +1,35 @@
+TECK STILL IN TALKS ON B.C. COPPER VENTURE
+  <Teck Corp> said it
+  was continuing talks about joining a joint copper venture at
+  Highland Valley, British Columbia, held by affiliates Cominco
+  Ltd <CLT> and <Lornex Mining Corp>, but did not know when
+  negotiations would be completed.
+      Teck vice-president of administration John Guminski said in
+  reply to a query that the talks had been "ongoing for a long
+  time." He declined to speculate on the outcome.
+      Cominco, 29.5 pct owned by a consortium led by Teck, is
+  optimistic that the talks will soon be concluded, spokesman Don
+  Townson told Reuters.
+      "I think all partners are hopeful that the situation will be
+  resolved," Cominco's Townson said.
+      "We're optimistic that they will be concluded shortly," he
+  added. Townson declined to specify when the talks might end.
+      Cominco and Teck's 22 pct-owned Lornex agreed in January
+  1986 to form the joint venture, merging their Highland Valley
+  copper operations.
+      Cominco and Lornex share equally in control and management
+  of the Highland Valley operations, while Cominco has a 55 pct
+  share of production and Lornex receives 45 pct.
+      For the six months following July 1, 1986, when the venture
+  officially started production, Highland Valley had total ore
+  milled of 22.6 mln short tons, grading an average of 0.41 pct
+  copper, Townson said.
+      Cominco's share of production was 43,000 short tons of
+  copper contained in concentrate, 1,200 short tons of Molybdenum
+  in concentrate, 340,000 ounces of silver and 800 ounces of
+  gold, he said.
+      A consortium, 50 pct owned by Teck and 25 pct each by MIM
+  (Canada) Inc and Metallgesellschaft Canada Ltd, acquired its
+  Cominco stake last year from Canadian Pacific Ltd <CP>.
+  
+
diff --git a/reuters/test/15265 b/reuters/test/15265
new file mode 100644
index 0000000000000000000000000000000000000000..2f3ebfaf0c4f04e763a404d7148093cc4e15b297
--- /dev/null
+++ b/reuters/test/15265
@@ -0,0 +1,5 @@
+BANPONCE CORP <BDEP> 1ST QTR NET
+  Shr 1.08 dlrs vs 1.00 dlr
+      Net 6,215,538 vs 5,757,013
+  
+
diff --git a/reuters/test/15270 b/reuters/test/15270
new file mode 100644
index 0000000000000000000000000000000000000000..b207179854895c22a4d09378c12d861bcefe524d
--- /dev/null
+++ b/reuters/test/15270
@@ -0,0 +1,21 @@
+XEBEC <XEBC> TO REPORT 2ND QTR LOSS
+  Xebec Corp said it expects to
+  report a loss for its second quarter ended April three, due
+  principally to a decline in sales to International Business
+  Machines Corp <IBM>, the company's largest customer.
+      Xebec also said it expects revenues to total about 23 mln
+  dlrs.
+      The company reported a second quarter loss last year of 1.9
+  mln dlrs, or 14 cts per share, on 23.9 mln in revenues.
+      Xebec said IBM has historically accounted for about 50 pct
+  of the company's revenues, but that total fell to 20 pct during
+  the quarter just ended.
+      IBM had used Xebec's hard disk drive controller products in
+  the IBM PC/XT, a product which IBM is phasing out.
+      Xebec said it intends to continue streamlining its
+  operations in light of the loss of business.
+      The company also said it has already consolidated two of
+  its plants in Nevada and it now plans to sell unused and
+  surplus assets to provide additional liquidity.
+  
+
diff --git a/reuters/test/15271 b/reuters/test/15271
new file mode 100644
index 0000000000000000000000000000000000000000..ec197f1b324bc100e0587cd2ca50417a21392f82
--- /dev/null
+++ b/reuters/test/15271
@@ -0,0 +1,14 @@
+CCC ACCEPTS EXPORT BID FOR WHEAT FLOUR TO IRAQ
+  The Commodity Credit Corporation has
+  accepted a bid for an export bonus to cover a sale of 12,500
+  tonnes of wheat flour to Iraq, the U.S. AGriculture Department
+  said.
+      The bonus awarded was 113.0 dlrs per tonne and will be paid
+  to Peavey Company in the form of commodities from CCC stocks.
+      The wheat flour is for delivery May 15-June 15, 1987, the
+  department said.
+      An additional 162,500 tonnes of wheat flour are still
+  available to Iraq under the Export Enhancement Program
+  initiative announced January 7, 1987, USDA said.
+  
+
diff --git a/reuters/test/15273 b/reuters/test/15273
new file mode 100644
index 0000000000000000000000000000000000000000..b553f62203914eeb7b3397e1072b2ae6761cac75
--- /dev/null
+++ b/reuters/test/15273
@@ -0,0 +1,9 @@
+EGYPT AUTHORIZED TO BUY PL-480 WHEAT - USDA
+  Egypt has been authorized to purchase
+  about 200,000 tonnes of U.S. wheat under an existing PL-480
+  agreement, the U.S. Agriculture Department said.
+      It may buy the wheat, valued at 22.0 mln dlrs, between
+  April 15 and August 31, 1987, and ship it from U.S. ports by
+  September 30, the department said.
+  
+
diff --git a/reuters/test/15274 b/reuters/test/15274
new file mode 100644
index 0000000000000000000000000000000000000000..e1a083bd5c7032a209752eebb28d56ec420f8440
--- /dev/null
+++ b/reuters/test/15274
@@ -0,0 +1,14 @@
+CATERPILLAR <CAT> REAFFIRMS FIRST QUARTER OUTLOOK
+  Caterpillar Inc, in remarks
+  delivered at its annual meeting in San Francisco, reiterated
+  its expectation of a loss in the first quarter.
+      It said results would be hurt by a 25 mln dlr one-time
+  charge by Caterpillar Mitsubishi, a 50-pct owned affiliate. The
+  company said it expected profit from operations for the full
+  year to improve over 1986.
+      In remarks prepared for delivery to shareholders, President
+  Peter Donis said Caterpillar's targeted five pct cost reduction
+  in 1987 "will be difficult to achieve because the weaker dollar
+  has limited opportunities to obtain lower material costs."
+  
+
diff --git a/reuters/test/15276 b/reuters/test/15276
new file mode 100644
index 0000000000000000000000000000000000000000..64108c8236ea9cba8c2cb7fd967dd90bb59a328f
--- /dev/null
+++ b/reuters/test/15276
@@ -0,0 +1,14 @@
+BROKER BOOSTS ZONDERVAN <ZOND> STAKE TO 7.1 PCT
+  An investor group headed by
+  Minneapolis, Minn., broker Jeffrey Wendel said it raised its
+  stake in Zondervan Corp to 292,900 shares, or 7.1 pct of the
+  total outstanding, from 238,900 shares, or 5.8 pct.
+      In a filing with the Securities and Exchange Commission,
+  the Wendel group said it bought 54,000 Zondervan common shares
+  between March 24 and April 3 at prices ranging from 27.87 to
+  29.96 dlrs a share.
+      The Wendel group has acted in cooperation with another
+  shareholder group headed by London investor Christopher Moran,
+  who sought unsuccessfully last year to take over Zondervan.
+  
+
diff --git a/reuters/test/15278 b/reuters/test/15278
new file mode 100644
index 0000000000000000000000000000000000000000..0edd5cd84c88023387bddac2879a5b54e9134fe8
--- /dev/null
+++ b/reuters/test/15278
@@ -0,0 +1,7 @@
+KIENA TWO-FOR-ONE SHARE SPLIT APPROVED
+  <Kiena Gold Mines Ltd> said shareholders
+  approved a previously reported proposed two-for-one common
+  stock split.
+      Record date of the split will be April 21, Kiena said.
+  
+
diff --git a/reuters/test/15280 b/reuters/test/15280
new file mode 100644
index 0000000000000000000000000000000000000000..be31603800d5a6f74fd64fe55acdcec2c42b6653
--- /dev/null
+++ b/reuters/test/15280
@@ -0,0 +1,10 @@
+HANOVER INSURANCE <HINS> RAISES DIVIDEND
+  Hanover Insurance Co said its
+  board declared a quarterly dividend of nine cts per share
+  payable May 15 to holders of record April 17.
+      The dividend comes after a two-for-one stock split,
+  effective April 10, which was approved by shareholders today.
+      The company paid a dividend of 14 cts per share on a
+  pre-split basis.
+  
+
diff --git a/reuters/test/15281 b/reuters/test/15281
new file mode 100644
index 0000000000000000000000000000000000000000..c9a43cf4c579d1275e53f5f757383720638a14f3
--- /dev/null
+++ b/reuters/test/15281
@@ -0,0 +1,17 @@
+DAY INT'L <DAY> TO SELL UNIT
+  Day International Corp said it has
+  entered into a letter of intent to sell its Allen Industries
+  Inc unit to a group including the unit's current management.
+      Day said the sale could enable Day to accelerate its
+  earnings for its current fiscal year ending October 31, 1987.
+      "Net earnings for the full year (ending October 31)
+  should be in the ball park of some analysts' estimates of 16
+  mln dlrs to 19 mln dlrs," Richard Jacob, Day chairman and chief
+  executive officer said.
+      Day reported earnings of 3.1 mln dlrs, or 39 cts a share,
+  in fiscal 1986.
+      Day said the agreement is subject to the preparation and
+  negotiation of a definitive agreement and the ability of the
+  group to obtain financing.
+  
+
diff --git a/reuters/test/15283 b/reuters/test/15283
new file mode 100644
index 0000000000000000000000000000000000000000..31bc4a3b2c0e0972fa50e896c640d8fc889bf779
--- /dev/null
+++ b/reuters/test/15283
@@ -0,0 +1,6 @@
+RITE AID CORP <RAD> SETS QUARTERLY DIVIDEND
+  Qtly div 16.5 cts vs 16.5 cts
+      Pay April 27
+      Record April 20
+  
+
diff --git a/reuters/test/15287 b/reuters/test/15287
new file mode 100644
index 0000000000000000000000000000000000000000..f37af2c0024b1a275a69316f73b6b5458521b503
--- /dev/null
+++ b/reuters/test/15287
@@ -0,0 +1,17 @@
+SOUTH KOREA CORN IMPORTS MAY INCREASE - USDA
+  South Korea's purchase of about 2.4
+  mln tonnes of U.S. corn in the past six months -- close to
+  double last year's total -- indicates that imports from the
+  United States, as well as total imports are set for a dramatic
+  jump, the U.S. Agriculture Department said.
+      In its World Production and Trade Report, the department
+  said total South Korea corn imports for the 1986/87 season
+  (Oct-Sept) are estimated at 4.3 mln tonnes, with about 3.4 mln
+  tonnes from the United States.
+      During the 1985/86 season, imports totaled only 1.3 mln
+  tonnes of U.S. corn out of a total of 3.6 mln tonnes.
+      Ite appears the Koreans are shifting back to U.S. corn in
+  light of competitive U.S. prices and uncertain supplies from
+  China, Argentina and South Africa, it said.
+  
+
diff --git a/reuters/test/15290 b/reuters/test/15290
new file mode 100644
index 0000000000000000000000000000000000000000..c7c201585cf9f8e1df0c382282166220bbe66d8a
--- /dev/null
+++ b/reuters/test/15290
@@ -0,0 +1,17 @@
+MEXICAN CATTLE IMPORTS TO BE BRANDED - USDA
+  All steers imported into the United
+  States from Mexico must now be branded with the letter M on the
+  right jaw, the U.S. Agriculture Department said.
+      In its World Production and Trade Report, the department
+  said the branding is necessary to improve surveillance for
+  bovine tuberculosis because it provides a permanent way to
+  identify Mexican steers.
+      The requirement is not expected to affect the number of
+  Mexican steers imported into the United States and the brand
+  will be applied before the animals arrive at U.S. ports of
+  entry.
+      Last November, the Mexican Government authorized an export
+  quota of nearly 1.1 mln head of live cattle for the 1986/87
+  season (Aug-July), most of which goes to the United States.
+  
+
diff --git a/reuters/test/15292 b/reuters/test/15292
new file mode 100644
index 0000000000000000000000000000000000000000..0f2a4215dfef9aa24dc5574bc261dbd8adb2752c
--- /dev/null
+++ b/reuters/test/15292
@@ -0,0 +1,16 @@
+VULCAN <VUL> SEES FIRST QUARTER OPERATING LOSS
+  Vulcan Corp's first quarter operating
+  results will show a loss, Chairman Lloyd I. Miller told told
+  the annual meeting.
+      The company reported a profit of 365,883 dlrs, 23 cts a
+  share, for the first quarter last year with one cent a share
+  coming from non-operating factors, a spokesman said.
+      Miller attributed the expected loss to completion of the
+  purchase transfer and consolidation of operating assets of the
+  O'Sullivan Rubber Division, saying this was proving more costly
+  and taking more time than originally anticipated.
+      Vulcan is working to resolve the problems, Miller told
+  shareholders, adding it appears it will take most of 1987 to
+  find solutions.
+  
+
diff --git a/reuters/test/15294 b/reuters/test/15294
new file mode 100644
index 0000000000000000000000000000000000000000..d0bf4bdb0bbcfaabfb1bd1dd908e892bd676c4c6
--- /dev/null
+++ b/reuters/test/15294
@@ -0,0 +1,12 @@
+UAL <UAL> HAS NO COMMENT ON STOCK RISE
+  UAL Inc, citing company policy, told
+  the New York Stock Exchange it would not comment on the unusual
+  rise in its stock.
+      UAL, parent of United Airlines, closed up 6-1/4 at 72 on
+  volume of 3.9 mln shares.
+      Wall Street traders said UAL's stock soared in response to
+  the the proposed 4.6 billion dlr buyout offer by United Air's
+  pilots union and on a general rise in air fares throughout the
+  industry.
+  
+
diff --git a/reuters/test/15295 b/reuters/test/15295
new file mode 100644
index 0000000000000000000000000000000000000000..cbfbd6d26c42f83ddb9cb9406a6e22068bcd84eb
--- /dev/null
+++ b/reuters/test/15295
@@ -0,0 +1,6 @@
+STRATA CORP <STATA> YEAR DEC 31 LOSS
+  Shr loss 1.11 dlrs vs loss 1.53 dlrs
+      Net loss 7.1 mln vs loss 8.8 mln
+      Revs 3.1 mln vs eight mln
+  
+
diff --git a/reuters/test/15296 b/reuters/test/15296
new file mode 100644
index 0000000000000000000000000000000000000000..859a33111184af6460036a68fb0e98b8f68c795b
--- /dev/null
+++ b/reuters/test/15296
@@ -0,0 +1,12 @@
+STRATA <STATA> 1986 EARNINGS REPORT QUALIFIED
+  Strata Corp said its 1986
+  earnings report contained a qualified opinion from its
+  independent auditors.
+      Strata said it owed 1.4 mln dlrs in overdue interest to its
+  lender at the end of 1986, and the entire 10.9 mln dlr
+  principle has been classified as a liability.
+      The company, which has an agreement to merge with <Lomak
+  Petroleum Inc>, lost 7.1 mln dlrs in 1986 against a loss of 8.8
+  mln dlrs a year earlier.
+  
+
diff --git a/reuters/test/15299 b/reuters/test/15299
new file mode 100644
index 0000000000000000000000000000000000000000..d580eff458208b99d352b9991dac70110fd93b7e
--- /dev/null
+++ b/reuters/test/15299
@@ -0,0 +1,6 @@
+DAYTON HUDSON CORP <DH> VOTES QUARTERLY PAYOUT
+  Qtly div 23 cts vs 23 cts prior qtr
+      Pay 10 June
+      Record 20 May
+  
+
diff --git a/reuters/test/15300 b/reuters/test/15300
new file mode 100644
index 0000000000000000000000000000000000000000..07a72fc8c8ac5bbbcb457b7f7a18812f47e88310
--- /dev/null
+++ b/reuters/test/15300
@@ -0,0 +1,6 @@
+VULCAN CORP <VUL> REGULAR DIVIDEND
+  Qtly div 20 cts vs 20 cts in prior qtr
+      Payable June 10
+      Record May 22
+  
+
diff --git a/reuters/test/15302 b/reuters/test/15302
new file mode 100644
index 0000000000000000000000000000000000000000..bcc25b55f7a9a70accf7aec0d5ac2810f684de85
--- /dev/null
+++ b/reuters/test/15302
@@ -0,0 +1,5 @@
+NAT'L DISTILLERS SAYS IT AGREES TO SELL SPIRITS UNIT FOR 545 MLN DLRS TO AMERICAN BRANDS
+
+  NAT'L DISTILLERS SAYS IT AGREES TO SELL SPIRITS UNIT FOR 545 MLN DLRS TO AMERICAN BRANDS
+  
+
diff --git a/reuters/test/15303 b/reuters/test/15303
new file mode 100644
index 0000000000000000000000000000000000000000..797200995d00a4de7559e720b0bcc62c4673d441
--- /dev/null
+++ b/reuters/test/15303
@@ -0,0 +1,17 @@
+USDA SEEKS COMMENTS ON GRAIN DISCOUNT SCHEDULE
+  The U.S. Agriculture Department is
+  seeking public comments on the question of adjusting the
+  Commodity Credit Corporation's (CCC) discount and premium
+  schedules to improve the quality of grain it accepts as loan
+  collateral or under price support programs.
+      The premiums and discounts schedule are based on quality
+  factors such as moisture content and kernel damage. The
+  schedule stipulates the premiums and discounts used for valuing
+  grain the CCC accepts or purchases during the year.
+      The department said it is possible that producers could be
+  encouraged to delivery higher quality grain to CCC by adjusting
+  the premiums and discounts.
+      Comments are due by April 24 and a report to Congress is
+  required by law by May 10.
+  
+
diff --git a/reuters/test/15306 b/reuters/test/15306
new file mode 100644
index 0000000000000000000000000000000000000000..704e6a7b70e08ab409a70868bcce11c09d4bee4f
--- /dev/null
+++ b/reuters/test/15306
@@ -0,0 +1,18 @@
+CASCADE IMPORTERS UNIT ACQUIRES PARIS COMPANY
+  <Cascade Importers Inc USA>'s
+  Cascade International Europa GmbH of West Germany, said it
+  tentatively acquired worldwide rights for the products of Madam
+  Gre from the Bernard Tapie Group in Paris.
+      The agreement calls for Cascade to have the rights for the
+  manufacturing and trading of perfumes, skin care and treatment
+  products, and cosmetics of the group, it said.
+      Cascade said the agreement also includes the exclusive
+  rights to trade through duty-free channels worldwide the
+  designer Gres accessories.
+      In addition, Cascade said it was granted an option to
+  purchase all the assets including the plant and equipment
+  located in France. 
+      The company said the cosmetic product line in the U.S.
+  market alone could represent 20 mln dlrs in revenue.
+  
+
diff --git a/reuters/test/15307 b/reuters/test/15307
new file mode 100644
index 0000000000000000000000000000000000000000..b869228f7113fa25f78d66f5ef1333d73907aa35
--- /dev/null
+++ b/reuters/test/15307
@@ -0,0 +1,12 @@
+ARMEL INC <AML> 4TH QTR LOSS
+  Oper shr loss 79 cts vs loss 2.32 dlrs
+      Oper net loss 2,536,896 vs loss 6,562,472
+      Revs 13.8 mln vs 14.5 mln
+      Year
+      Oper shr loss 59 cts vs loss 2.35 dlrs
+      Oper net loss 1,712,896 vs loss 5,747,472
+      Revs 43.6 mln vs 44.2 mln
+      NOTE: 1986 excludes charge of 12 cts per share in the
+  fourth quarter and gain of 11 cts per share in the year.
+  
+
diff --git a/reuters/test/15308 b/reuters/test/15308
new file mode 100644
index 0000000000000000000000000000000000000000..975d57677f0413bf0d5a8678679e1f10dea3cf50
--- /dev/null
+++ b/reuters/test/15308
@@ -0,0 +1,27 @@
+NATIONAL DISTILLERS <DR> TO SELL SPIRITS UNIT
+  National Distillers and Chemical Corp
+  said it signed a definitive agreement to sell its spirits
+  division for 545 mln dlrs to James Beam Distilling Co, a unit
+  of American Brands Inc <AMB>.
+      The sale of the spirits division was made under the
+  company's previously announced plan to sell its spirits and
+  wines businesses, it said. The wine business was sold last
+  month for 128 mln dlrs to Heublein Inc, part of Grand
+  Metropolitan PLC, National Distillers said.
+      The purchase price will be paid in cash, a National
+  Distillers spokeswoman said.
+      The sale permits National to focus on its core businesses,
+  chemicals and propane marketing.
+      Proceeds from the sale will be used to repay debt and for
+  other corporate purposes, the company said.
+      In a separate statement, American Brands said the sale
+  would be for 545 mln dlrs plus the assumption of liabilities.
+      The sale would be subject to compliance with the
+  Hart-Scott-Rodino Antitrust Improvements Act and other
+  regulatory approvals, the company said.
+      National's distilled spirits business has sales of about
+  580 mln dlrs, American Brands said. National's spirits brands
+  include Gilbey's gin and vodka, DeKuyper Liqueurs and Windsor
+  Supreme Canadian Whisky.
+  
+
diff --git a/reuters/test/15309 b/reuters/test/15309
new file mode 100644
index 0000000000000000000000000000000000000000..9e8c0b2c72c40e5791e4bb6ca642d9015306ded6
--- /dev/null
+++ b/reuters/test/15309
@@ -0,0 +1,10 @@
+MANAGEMENT SCIENCE <MSAI> LOSS MAY TOP 20 CTS
+  Management Science America Inc,
+  clarifying statements made earlier today, said its loss for the
+  first quarter could exceed 20 cts a share because of
+  non-recurring expenses associated with the acquisition of
+  several companies, including Comserv Inc.
+      Earlier today, the company told a meeting of investors here
+  that the first quarter loss would be 20 cts a share.
+  
+
diff --git a/reuters/test/15310 b/reuters/test/15310
new file mode 100644
index 0000000000000000000000000000000000000000..d663ae6e872891c5ebd983992a9c72edd5ac51d4
--- /dev/null
+++ b/reuters/test/15310
@@ -0,0 +1,25 @@
+WOJNILOWER SEES DROP IN U.S. INTEREST RATES
+  The Federal Reserve will promote lower
+  interest rates this year to sustain world economic growth,
+  First Boston Corp managing director Albert Wojnilower said.
+      As much as the Fed would like to take a tough line against
+  inflation, it cannot act to slow the growth of credit without
+  subverting national U.S. economic policy.
+      "On selected occasions when the dollar seems steady, and,
+  because the trade deficit is not responding, the United States
+  decided to push Germany and Japan harder to meet their
+  commitments to economic growth, the Federal Reserve will do its
+  part by moving rates down," Wojnilower said in a report.
+      "Justifiably not anticipating either a recession or
+  seriously higher interest rates, securities market participants
+  have seen little to fear," Wojnilower said.
+      He said last week's "hiccup" in money and currency rates
+  and bond and stock prices was probably caused by Japanese
+  window dressing for March 31 end-of-fiscal-year accounts.
+      Wojnilower said the U.S. probably enjoyed above-average
+  economic growth in the first quarter. However, the pick-up
+  seems to reflect an unsustainable pace of inventory building
+  and the prospect for the full year is still for real gross
+  national product growth of about 2-1/2 pct, he said.
+  
+
diff --git a/reuters/test/15311 b/reuters/test/15311
new file mode 100644
index 0000000000000000000000000000000000000000..732d45e22945e6db256ba8ffd13eab01db1819ed
--- /dev/null
+++ b/reuters/test/15311
@@ -0,0 +1,8 @@
+RAYTECH <RAY> BUYS WEST GERMAN COMPANY
+  Raytech Corp said it acquired
+  <Raybestos Industrie-Produkte GmBH> for 7.5 mln dlrs.
+      Raybestos, with manufacturing facilities in Radevormwald,
+  West Germany, produces friction materials for use in clutch and
+  braking applications.
+  
+
diff --git a/reuters/test/15312 b/reuters/test/15312
new file mode 100644
index 0000000000000000000000000000000000000000..703c88a0c7bd5c9e352926c3e3f8ba0dfdb78b6a
--- /dev/null
+++ b/reuters/test/15312
@@ -0,0 +1,18 @@
+INTERCARE <CARE> TO POST 4TH QTR LOSS
+  Intercare Inc said it
+  expects to report a substantial loss for its fourth quarter
+  ended January 31 because of a writeoff of expenses associated
+  with its recently terminated debt and equity offering.
+      The company also said the write off includes expenses
+  associated with the acquisition of U.S. Medical Enterprises
+  Inc, and with the restructuring of certain partnerships.
+      Intercare also said it increased its reserve against
+  accounts receivable.
+      Executives at the company were not immediately available to
+  provide additional details.
+      Intercare also said it has implemented a workforce
+  reduction, closed two medical centers and is considering
+  additional closings as a means of reducing a working capital
+  deficit.
+  
+
diff --git a/reuters/test/15313 b/reuters/test/15313
new file mode 100644
index 0000000000000000000000000000000000000000..5599d0ce799143a080d64795bee2fc2c6c4458d9
--- /dev/null
+++ b/reuters/test/15313
@@ -0,0 +1,28 @@
+CANADA TO MONITOR STEEL IMPORTS, EXPORTS
+  Canada plans to monitor steel shipments
+  flowing in and out of the country in an attempt to appease
+  concerns in the U.S. over the high level of Canadian steel
+  exports, Trade Minister Pat Carney said.
+      "To help maintain our open access to the U.S. steel market,
+  the government is taking further action to ensure we have more
+  accurate data on exports and imports and that Canada is not
+  used as a backdoor to the U.S. market by offshore suppliers,"
+  Carney said.
+      Carney also said Canadian companies were being asked to
+  exercise prudence in the U.S. market and both countries were
+  considering establishing a joint commission to study the
+  growing steel problem.
+      Carney told the House of Commons she will soon announce an
+  amendment to the Exports and Imports Permits Act to set up the
+  monitoring program.
+      Canadian steel shipments to the U.S. have risen to 5.7 pct
+  cent of the U.S. market in recent months, almost double the
+  level just two years ago, Canadian trade officials said.
+      The increase in Canadian shipments comes at a time of
+  growing anger in the U.S. over rising steel imports from
+  several countries in the face of a decline in the domestic
+  steel industry.
+      Some U.S. lawmakers have proposed Canada's share of the
+  American market be limited to 2.4 pct.
+  
+
diff --git a/reuters/test/15314 b/reuters/test/15314
new file mode 100644
index 0000000000000000000000000000000000000000..fb6b4d00de36d3bdc96baf81f39b435ab04ac56a
--- /dev/null
+++ b/reuters/test/15314
@@ -0,0 +1,20 @@
+UNITED TECH <UTX> SEES NO EARNINGS IMPACT
+  United Technologies Corp said
+  the decision by an international consortium not to develop a
+  new engine would have no impact on 1987 or 1988 earnings.
+      <International Aero Engines>, IAE, 30 pct owned by United
+  Technologies' Pratt and Whitney division, has decided not to
+  launch a superfan version of its V2500 engine.
+      "We've told analysts that IAE's decision not to launch a
+  full development program of the IAE superfan for certification
+  in 1991 will have no short term impact on earnings," a United
+  Technologies spokesman told Reuters.
+      Short term refers to 1987 and 1988, the spokesman said. He
+  declined to elaborate.
+      IAE's other owners are Rolls Royce PLC, <Japanese Aero
+  Engines Corp>, Fiat SPA and <MTU> of West Germany.
+      Analysts are estimating United Technologies will earn 3.75
+  dlrs to 4.50 dlrs a share in 1987. It reported earnings of 36
+  cts a share in 1986, which included two large writeoffs.
+  
+
diff --git a/reuters/test/15315 b/reuters/test/15315
new file mode 100644
index 0000000000000000000000000000000000000000..2ad96e4ee203d4606cdcdc693a8c37ecad324f7a
--- /dev/null
+++ b/reuters/test/15315
@@ -0,0 +1,11 @@
+STEWART AND STEVENSON <SSSS> 4TH QTR NET
+  Shr profit 72 cts vs profit 14 cts
+      Net profit 3,309,000 vs profit 609,000
+      Revs 72 mln vs 65 mln
+      Year
+      Shr nil vs loss 4.13 dlrs
+      Net profit 1,000 vs loss 19 mln
+      Revs 249 mln vs 269 mln
+      NOTE: Full name Stewart and Stevenson Services Inc.
+  
+
diff --git a/reuters/test/15321 b/reuters/test/15321
new file mode 100644
index 0000000000000000000000000000000000000000..fbe4f8f7b02596ab5d1ab5fb17f62ac2c499f02d
--- /dev/null
+++ b/reuters/test/15321
@@ -0,0 +1,8 @@
+WESTAMERICA BANCORP <WAB> 1ST QTR NET
+  Shr 98 cts vs 63 cts
+      Net 2,602,000 vs 1,571,000
+      Loans 834.8 mln vs 729.0 mln
+      Deposits 1.04 billion vs 942.1 mln
+      Assets 1.15 billion vs 1.02 billion
+  
+
diff --git a/reuters/test/15322 b/reuters/test/15322
new file mode 100644
index 0000000000000000000000000000000000000000..999f4c95e22d33de0166ad0e24c332312c98721b
--- /dev/null
+++ b/reuters/test/15322
@@ -0,0 +1,22 @@
+U.S.SENATE LIFTS SOME BANS ON NATURAL GAS
+  The Senate unanimously approved
+  legislation to lift a ban on new construction of natural
+  gas-fired power plants and other large industrial gas-burning
+  plants.
+      The bill, sponsored by Senate Energy Committee chairman
+  Bennett Johnston, also repeals mandatory incremental pricing of
+  natural gas which was designed to protect residential consumers
+  from major price increases by forcing some industrial users to
+  pay higher than market prices.
+      "This legislation will open up new natural gas markets," the
+  Lousiana Democrat said.
+      The gas restrictions were enacted in 1978 in response to a
+  shortage of natural gas and predictions of higher prices.
+      "Now both oil and gas prices are severely depressed,"
+  Johnston said.
+      In a compromise with coal producers, the bill requires new
+  baseload electric powerplants be designed to accomodate
+  modifications necessary to burning coal or another alternate
+  fuel.
+  
+
diff --git a/reuters/test/15324 b/reuters/test/15324
new file mode 100644
index 0000000000000000000000000000000000000000..c83858fa2c985a611a8a2331dc0aadc6a7f6dd3e
--- /dev/null
+++ b/reuters/test/15324
@@ -0,0 +1,14 @@
+SOUTHEAST BANCORP <STB> ACTS ON BRAZILIAN DEBT
+  Following the lead of other major
+  banks, Southeast Banking Corp told the Securities and Exchange
+  Commission it would place 54.2 mln dlrs of medium- and
+  long-term Brazilian debt on non-accrual or cash status.
+      Based on current interest rates, it estimated in a filing
+  that the move will reduce net income by about 800,000 dlrs in
+  the first quarter and 3.2 mln dlrs for all of 1987. The company
+  also said it did not believe the Brazilian debt situation would
+  have a "material adverse" effect on it.
+      It also said it would issue 1,080,000 common shares in
+  connection with its acquisition of Popular Bancshares Corp.
+  
+
diff --git a/reuters/test/15325 b/reuters/test/15325
new file mode 100644
index 0000000000000000000000000000000000000000..4926d83c56897fff68a0db48e6fa79a4f85b2ceb
--- /dev/null
+++ b/reuters/test/15325
@@ -0,0 +1,35 @@
+WILLIAMS <WMB> SEES FLAT PIPELINE VOLUMES IN 1987
+  Williams Cos said it expected oil and
+  fertilizer transportation volumes to be flat in 1987 but said
+  operating profits from the pipeline unit should improve from
+  49.4 mln dlrs earned last year when a seven mln dlr special
+  charge was incurred.
+      Williams Pipeline Co took the charge against earnings in
+  1986 for the removal of more than 500 miles of old pipeline
+  from service and for casualty losses. Companywide, Williams had
+  a net loss of 134 mln dlrs on total revenues of 1.85 billion
+  dlrs, a decline from profits of 32 mln dlrs on sales of 2.46
+  billion in 1985.
+      In its annual report, Williams said its Northwest Pipeline
+  Corp and Williams Natural Gas Co had natural gas costs that are
+  among the lowest in the nation, averaging 2.04 dlrs and 2.07
+  dlrs per mcf, respectively, last year. Total natural gas
+  reserves for both units declined to 10,010 billion cubic feet
+  in 1986 from 11,334 billion cubic feet the previous year.
+      The company said its Williams Natural Gas unit, which has
+  less take-or-pay exposure than most major pipelines, should
+  show improvement in its 1987 operating results because of
+  changes tariff and federal tax rates.
+      The company's gas marketing business is expected to have
+  somewhat lower earnings in 1987 because of competition in its
+  operating region, the annual report said. The gas marketing
+  unit earned 26.0 mln dlrs on sales of 285.6 mln dlrs last year.
+      Williams also said it expected a substantial decline in its
+  debt to equity ratio this year because of more than 250 mln
+  dlrs received in cash from the sale of Agrico Chemical Co and
+  proceeds from the sale and leaseback of Williams
+  Telecommunications Co. The telecommunications business, a
+  2,000-mile fiber optic system for long distance use, will not
+  be profitable until late 1988, Williams said.
+  
+
diff --git a/reuters/test/15326 b/reuters/test/15326
new file mode 100644
index 0000000000000000000000000000000000000000..6d5c959e8b31744446aaf8a7fd9c5f54b0c90d9a
--- /dev/null
+++ b/reuters/test/15326
@@ -0,0 +1,15 @@
+SUPER VALU STORES INC <SVU> 4TH QTR FEB 28 NET
+  Shr 38 cts vs 25 cts
+      Net 28,339,000 vs 18,650,000
+      Sales 2.27 billion vs 1.97 billion
+      Avg shrs 74,485,000 vs 74,270,000
+      Year
+      Shr 1.20 dlrs vs 1.23 dlrs
+      Net 89,301,000 vs 91,247,000
+      Sales 9.07 billion vs 7.91 billion
+      Avg shrs 74,387,000 vs 74,184,000
+      NOTE: 1986 period ended February 22, 1986
+      1986 earnings include net loss of unconsolidated subsidiary
+  of 162,000 dlrs in the quarter and 702,000 dlrs for the year
+  
+
diff --git a/reuters/test/15327 b/reuters/test/15327
new file mode 100644
index 0000000000000000000000000000000000000000..9db2b5527de0529aa0fe1f3c17dd55f361bcac69
--- /dev/null
+++ b/reuters/test/15327
@@ -0,0 +1,10 @@
+PARKER DRILLING CO <PKD> 2ND QTR FEB 28 LOSS
+  Shr loss 70 cts vs loss 57 cts
+      Net loss 20,616,000 vs loss 16,854,000
+      Revs 23.1 mln vs 60.1 mln
+      Six mths
+      Shr loss 1.38 dlrs vs loss 1.02 dlrs
+      Net loss 40,780,000 vs loss 29,996,000
+      Revs 61.0 mln vs 114.9 mln
+  
+
diff --git a/reuters/test/15329 b/reuters/test/15329
new file mode 100644
index 0000000000000000000000000000000000000000..c2ef159520411d8f32ac304570af3c777e3c572f
--- /dev/null
+++ b/reuters/test/15329
@@ -0,0 +1,13 @@
+COFFEE COULD DROP TO 70/80 CTS, CARDENAS SAYS
+  International coffee prices could drop to
+  between 70 and 80 cents a lb by next October if no agreement is
+  reached to support the market, Jorge Cardenas, manager of
+  Colombia's National Coffee Growers' Federation said.
+      Speaking at a forum for industrialists, he said one of the
+  reasons was that the market was already saturated and that
+  producers will have excess production and stockpiles of 39 mln
+  (60-kg) bags in 1987.
+      Today, May futures in New York settled at 107.90 cents a
+  lb.
+  
+
diff --git a/reuters/test/15335 b/reuters/test/15335
new file mode 100644
index 0000000000000000000000000000000000000000..4121ba245820a1c3f7baa4c2be3054c5b16dc539
--- /dev/null
+++ b/reuters/test/15335
@@ -0,0 +1,21 @@
+HBO <HBOC> URGES SHAREHOLDERS AGAINST ANDOVER
+  HBO and Co said it sent a letter of
+  strongly urging shareholders not to sign any proxy cards sent
+  by Andover Group.
+      ON March 30, Andover Group, a two-man general partnership
+  which owns about seven pct of HBO's stock, filed preliminary
+  proxy materials with the Securities and Exchange Commission
+  seeking to nominate an alternative slate of directors at the
+  company's April 30 annual meeting.
+      Andover had expressed an interest to acquire the company in
+  September 1986 but HBO has never received an offer from them,
+  it said.
+      In addition, HBO said its financial condition is improving
+  rapidly as the result of a significant restructuring
+  implemented in 1986.
+      It expects the company to report net income of about 40 cts
+  per share in 1987 and a very significant increase in 1988.
+      For the year ended December 1986, the company reported a
+  loss of 3.6 mln dlrs, or 16 cts per share.
+  
+
diff --git a/reuters/test/15336 b/reuters/test/15336
new file mode 100644
index 0000000000000000000000000000000000000000..a56aacc423f1e59c32f972506d08ac08bb1ebf55
--- /dev/null
+++ b/reuters/test/15336
@@ -0,0 +1,6 @@
+(CFCF INC) SIX MTHS FEB 28 NET
+  Shr 51 cts vs 56 cts
+      Net 5,645,000 vs 6,153,000
+      Revs 45.9 mln vs 45.3 mln            
+  
+
diff --git a/reuters/test/15337 b/reuters/test/15337
new file mode 100644
index 0000000000000000000000000000000000000000..2a21c43fb73afa71b67a5d7abe9e6da6e140fb97
--- /dev/null
+++ b/reuters/test/15337
@@ -0,0 +1,9 @@
+UAP MAKES ACQUISITIONS
+  <UAP Inc> said it has acquired Slater
+  Auto Electric Ltd, with two Ontario stores, and United Diesel
+  Engine Parts Ltd, of Dartmouth, Nova Scotia, for undisclosed
+  terms. It said the transactions, together with acquisitions
+  earlier this year, will increase its annual sales by about 4.5
+  mln dlrs.
+  
+
diff --git a/reuters/test/15339 b/reuters/test/15339
new file mode 100644
index 0000000000000000000000000000000000000000..f4dd04054892b7dc9154cf731d1a875529360c4b
--- /dev/null
+++ b/reuters/test/15339
@@ -0,0 +1,5 @@
+EIA SAYS DISTILLATE STOCKS UNCHANGED, GASOLINE OFF 200,000, CRUDE UP 6.3 MLN
+
+  EIA SAYS DISTILLATE STOCKS UNCHANGED, GASOLINE OFF 200,000, CRUDE UP 6.3 MLN
+  
+
diff --git a/reuters/test/15341 b/reuters/test/15341
new file mode 100644
index 0000000000000000000000000000000000000000..207e7b1a7ec8dbfaf72943e99fd70fc64d29ef2f
--- /dev/null
+++ b/reuters/test/15341
@@ -0,0 +1,14 @@
+USDA DISCUSSING PL 480 AGREEMENT WITH MOROCCO
+  The U.S. Agriculture Department is
+  currently discussing an amendment to a PL 480 agreement signed
+  with Morocco on January 22, but the mix of commodities under
+  the amendment has not been determined, a U.S. Agriculture
+  Department official said.
+      The official noted the agreement signed in January provided
+  for the supply of about 55,000 tonnes of vegetable oil, 55,000
+  tonnes of corn and 126,000 tonnes of wheat, all for delivery
+  during the current fiscal year, ending this September 30.
+      No purchase authorizations for the commodities provided in
+  the January agreement have been announced by the department.
+  
+
diff --git a/reuters/test/15344 b/reuters/test/15344
new file mode 100644
index 0000000000000000000000000000000000000000..85f020ce56ef25edab21419bd4e12eeae687440d
--- /dev/null
+++ b/reuters/test/15344
@@ -0,0 +1,16 @@
+EIA SAYS DISTILLATE STOCKS UNCHANGED IN WEEK
+  Distillate fuel stocks held in
+  primary storage were unchanged in the week ended April three at
+  106.9 mln barrels, the Energy Information Administration (EIA)
+  said.
+      In its weekly petroleum status report, the Department of
+  Energy agency said gasoline stocks were off 200,000 barrels in
+  the week to 248.1 mln barrels and refinery crude oil stocks
+  rose 6.3 mln barrels to 335.8 mln.
+      The EIA said residual fuel stocks fell 100,000 barrels to
+  38.1 mln barrels and crude oil stocks in the Strategic
+  Petroleum Reserve (SPR) rose 1.1 mln barrels to 520.0 mln.
+      The total of all crude, refined product and SPR stocks rose
+  9.4 mln barrels to 1,561.1, it said.
+  
+
diff --git a/reuters/test/15345 b/reuters/test/15345
new file mode 100644
index 0000000000000000000000000000000000000000..81d04048a28cb35a35fe77b07933fa85170db6b6
--- /dev/null
+++ b/reuters/test/15345
@@ -0,0 +1,29 @@
+HAWKEYE <HWKB> 1986 ANNUAL REPORT QUALIFIED
+  Hawkeye Bancorp's 1986 annual
+  financial results were qualified by its auditors, according to
+  the annual report.
+      "...there are conditions which may indicate that the
+  company will be unable to continue as a going concern,"
+  auditors Deloitte Haskins and Sells said in Hawkeye's annual
+  report to shareholders.
+      Hawkeye reported a 1986 loss of almost 59 mln dlrs, citing
+  an increase in its loan loss provision to 34.7 mln dlrs and
+  restructuring costs of 27 mln dlrs.
+      However, Hawkeye, with assets of 1.09 billion dlrs at 1986
+  year end, said it expects "to have sufficient cash to meet its
+  obligations for the next 12-month period."
+      Last July the bank holding company reached a debt
+  restructuring agreement which identifed 17 bank subsidiaries
+  and five non-bank operations for disposition.
+      "The restructuring has improved Hawkeye's financial
+  condition, but it does not assure that Hawkeye will be able to
+  survive as a going concern," the report said.
+      Hawkeye's survival will depend on its ability to comply
+  with provisions of the debt restructuring and regulatory
+  agreements and on its ability to return to profitable
+  operations, it said.
+      There can be no assurance that Hawkeye will be able to meet
+  these requirements. However, the company "believes it will be
+  able to do so," Hawkeye said.
+  
+
diff --git a/reuters/test/15348 b/reuters/test/15348
new file mode 100644
index 0000000000000000000000000000000000000000..c057026e455f4218028c3bf162b8cc523e74e077
--- /dev/null
+++ b/reuters/test/15348
@@ -0,0 +1,10 @@
+<WASHINGTON BANCORPORATION> 1ST QTR NET
+  Shr 33 cts vs 37 cts
+      Net 2,051,000 vs 1.8 mln
+      Assets 1.7 billion vs 1.5 billion
+      Deposits 1.4 billion vs 1.2 billion
+      Loans 1.1 billion vs 900 mln
+      Note: Year-ago results restated to reflect merger with
+  Colson Inc.
+  
+
diff --git a/reuters/test/15349 b/reuters/test/15349
new file mode 100644
index 0000000000000000000000000000000000000000..14f6065cedce7095a92879be2f99190ca1effd2f
--- /dev/null
+++ b/reuters/test/15349
@@ -0,0 +1,34 @@
+DOME <DMP> PLAN MAY FORCE SALE OF ENCOR STAKE
+  Dome Petroleum Ltd's proposal to
+  restructure debt of more than 6.10 billion Canadian dlrs
+  includes provisions that may force the company to sell its 42
+  pct stake in <Encor Energy Corp Inc>, Dome said in a U.S.
+  Securities and Exchange Commission filing.
+      Dome said in the filing that its debt plan proposes making
+  payments under a five year income debenture to the lender whose
+  debt is secured by Dome's Encor shares.
+      After the five years are up, "under certain circumstances
+  the shares of Encor may be required to be disposed," the company
+  said.
+      Dome has pledged its 42.5 mln Encor shares as security for
+  part of its debt to <Canadian Imperial Bank of Commerce>,
+  estimated last year at 947 mln dlrs.
+      Analysts have said Commerce Bank was pressing Dome to sell
+  the stock to pay down its debt.
+      Dome's Encor shares had a market value of 313 mln dlrs on
+  March 17, 1987, the company's filing said.
+      As previously reported, Dome is seeking approval in
+  principle for the debt restructuring plan. Dome said in the
+  filing it proposed lenders sign a letter of understanding in
+  early April, with implementation to be effective July 1, 1987.
+      Dome Petroleum reiterated in the SEC filing that its
+  existence as a going concern is dependent on continuing the
+  interim debt plan, due to expire on June 30, and winning
+  agreement for its proposed restructuring plan.
+      "The company believes that the negotiation and
+  implementation of the proposed debt restructuring plan is
+  realistic and achievable," Dome said.
+      "However, the final outcome of the negotiations cannot be
+  predicted at this time," it said.
+  
+
diff --git a/reuters/test/15351 b/reuters/test/15351
new file mode 100644
index 0000000000000000000000000000000000000000..1d08560f154ad0d5214c6e48e9cd81ec2f1fcd63
--- /dev/null
+++ b/reuters/test/15351
@@ -0,0 +1,22 @@
+RECENT U.S. OIL DEMAND OFF 2.6 PCT FROM YEAR AGO
+  U.S. oil demand as measured by
+  products supplied fell 2.6 pct in the four weeks ended April
+  three to 15.73 mln barrels per day (bpd) from 16.16 mln in the
+  same period a year ago, the Energy Information Administration
+  (EIA) said.
+      In its weekly petroleum status report, the Energy
+  Department agency said distillate demand was off 7.9 pct in the
+  period to 2.90 mln bpd from 3.15 mln a year earlier.
+      Gasoline demand averaged 6.76 mln bpd, off 3.1 pct from
+  6.98 mln last year, while residual fuel demand was 1.15 mln
+  bpd, off 16.9 pct from 1.39 mln, the EIA said.
+      So far this year, distillate demand fell 2.3 pct to 3.20
+  mln bpd from 3.28 mln in 1986, gasoline demand was 6.63 mln
+  bpd, off 0.3 pct from 6.65 mln, and residual fuel demand fell
+  4.9 pct to 1.35 mln bpd from 1.42 mln, the EIA said.
+      Year-to-date domestic crude output was estimated at 8.40
+  mln bpd, off 7.6 pct from 9.09 mln a year ago, while gross
+  crude imports averaged 3.92 mln bpd, up 27.1 pct from 3.08 mln,
+  it said.
+  
+
diff --git a/reuters/test/15352 b/reuters/test/15352
new file mode 100644
index 0000000000000000000000000000000000000000..88e19b5c485d64f5d0c5f94539221816bddd697a
--- /dev/null
+++ b/reuters/test/15352
@@ -0,0 +1,94 @@
+DEFICIT CUTS SEEN UNABLE TO CURE TRADE DEFICIT
+  Financial analysts say they are
+  pleased with congressional moves to trim next year's federal
+  budget deficit but believe the actions will do little to help
+  improve the U.S. trade deficit or buoy the economy.
+      The House of Representatives is expected to vote tomorrow
+  to approve a trillion-dollar budget blueprint for the coming
+  fiscal year that reduces the deficit by 38 billion dlrs.
+      Similarly, the Senate Budget Committee has approved a plan
+  that would cut federal red ink by about 37 billion dlrs next
+  year.
+          "In terms of the economy, 37-38 billion dlrs is
+  infinitesimal, so cuts of this magnitude will have little
+  impact on the economy and the trade deficit," said Stanley
+  Collander, a Touche Ross federal budget policy analyst.
+      "At best, it will have a small positive effect," Collander
+  said in an interview.
+      Federal Reserve Board Chairman Paul Volcker has repeatedly
+  told Congress that cutting federal red ink would go a long way
+  to help reduce the massive trade deficit and also help ease
+  some of the downward pressure on the value of the dollar.
+      The U.S. government has attempted to remedy the trade
+  imbalance by driving down the value of the dollar. But Volcker
+  has warned that a further fall in the dollar's value is fraught
+  with danger.
+      Such a decline, he has said, could refuel inflation as
+  imported goods become more expensive and chase away foreign
+  capital needed to finance the federal budget deficit.
+      In addition, in February, U.S. officials meeting with other
+  major industrialized nations in Paris agreed that the value of
+  the dollar had dropped enough and that world exchange rates
+  should be stabilized at around current levels.
+      As part of that agreement, Japan and West Germany agreed to
+  take steps to stimulate their economies and the United States
+  agreed to cut its budget deficit.
+      The alternative to driving down the dollar any further as a
+  way to deal with the trade deficit, Volcker said recently, is
+  to reduce U.S. consumption, particularly federal spending.
+      "If you don't deal with the budget deficit, everything else
+  you do is going to be counterproductive," Volcker said in recent
+  testimony before the Senate Banking Committee.
+      Volcker also said he would prefer to further tighten the
+  government's purse strings than have the Fed tighten the credit
+  supply if action was needed to fight inflationary pressures or
+  to assure the continued flow of foreign capital into the United
+  States.
+      Analysts say that Fed tightening now could choke off the
+  current modest economic expansion and threaten a recession.
+      Kemper Financial Services economist John Silvia stressed
+  that any deficit reduction was better than none.
+      But he said the size of the cuts under consideration were 
+  not enough to give the Federal Reserve Board the flexibility it
+  needs to steer the economy or to keep the value of the dollar
+  from plunging further in world exchange markets.
+      "There's no doubt that some deficit reduction helps, but if
+  your objective is to stabilize the dollar and perserve the
+  Fed's flexibility to conduct monetary policy, then the answer
+  is, it's not enough," Silvia told Reuters.
+      The U.S. trade deficit has become one of the government's
+  most vexing and persistent problems.
+      The 1986 deficit was 169.8 billion dlrs and there is as yet
+  little indication that this year's figure will be any lower,
+  though administration officials have predicted it will drop by
+  about 20 to 30 billion dlrs by year's end.
+      In the past, Volcker has joked that he never lost sleep
+  worrying whether Congress would cut too much fat from the
+  federal budget.
+      On the other hand, he also has made it clear he is not
+  attached to the gradually declining deficit ceilings set for
+  the 1986-1991 period by last year's Gramm-Rudman balanced
+  budget law.
+      While the new law set a ceiling of 108 billion dlrs for
+  next year's federal deficit, both the House and Senate Budget
+  Committees have conceded that their budget plans would fall
+  short of the deficit reduction goal by about 25 billion dlrs.
+      "For political reasons, 35 to 40 billion dlrs is about the
+  most you're going to get" out of Congress at the present time,
+  said Touche Ross's Collander. "To do something more than that
+  would be extraordinary, remarkable and very, very difficult."
+      Collander said the real danger for Congress was to end up
+  short of the deficit reduction goal set by its Budget panels.
+      "To an extent, this has become the minimum acceptable
+  reduction level," he explained. "Anything less than that will now
+  look like a failure to Wall Street."
+      The budget plan now under debate on the House floor would
+  lower an estimated 171 billion dlr deficit for the year
+  beginning on October one to about 133 billion dlrs by cutting
+  defense and domestic programs by 38 billion dlrs from their
+  anticipated spending levels for next year.
+      The Senate Budget Committee has called for a deficit of
+  nearly 134 billion dlrs with about 18.5 billion dlrs in new 
+  taxes and about the same amount in spending cuts.
+  
+
diff --git a/reuters/test/15354 b/reuters/test/15354
new file mode 100644
index 0000000000000000000000000000000000000000..fc92f6a5aa5bb793334339aa5062852cb76f18f7
--- /dev/null
+++ b/reuters/test/15354
@@ -0,0 +1,11 @@
+STEWART AND STEVENSON SERVICES <SSSS> 4TH QTR
+  4th qtr ended Jan 31.
+      Shr profit 72 cts vs profit 14 cts
+      Net profit 3,309,000 vs 609,000
+      Revs 72 mln vs 65 mln
+      Year
+      Shr profit nil vs loss 4.13 dlrs
+      Net profit 1,000 vs loss 19 mln
+      Revs 245 mln vs 269.1 mln
+  
+
diff --git a/reuters/test/15356 b/reuters/test/15356
new file mode 100644
index 0000000000000000000000000000000000000000..b303d9fd9937f9588c0933b3af8bf575bb7b64d6
--- /dev/null
+++ b/reuters/test/15356
@@ -0,0 +1,9 @@
+WESTAMERICA BANCORPORATION <WSAM> 1ST QTR NET
+  Shr 98 cts vs 63 cts
+      Net 2,602,000 vs 1,571,000
+      Assets 1.15 billion vs 1.02 billion
+      Deposits 1.04 billion vs 942.1 mln
+      Loans 834.8 mln vs 729.0 mln
+      Return on avg assets 0.92 pct vs 0.63 pct
+  
+
diff --git a/reuters/test/15357 b/reuters/test/15357
new file mode 100644
index 0000000000000000000000000000000000000000..04176e6aaff31ec28eb6a4bb1b8d7909d2ce3f28
--- /dev/null
+++ b/reuters/test/15357
@@ -0,0 +1,24 @@
+COLOMBIA COFFEE REGISTRATIONS REMAIN OPEN
+  Colombia's coffee export registrations
+  remain open and there are no plans to close them since a new
+  marketing policy means an unlimited amount can be registered,
+  Gilberto Arango, president of the private exporters'
+  association said.
+      "The philosophy of the new policy is not to close
+  registrations. Nobody so far said may would be closed," he told
+  Reuters.
+      On March 13, Colombia opened registrations for April and
+  May for an unlimited amount.
+      Without giving breakdowns, Arango said private exporters
+  had registered 1,322,804 bags this calendar year up to April 6,
+  or roughly 440,000 bags per month, slightly lower than the
+  average in recent years.
+      He estimated the amount of bags registered by the national
+  coffee growers' federation at about the same, meaning a total
+  of about 900,000 bags registered and sold per month by
+  Colombia.
+      "The only change that could happen is, because of the
+  volume, we would be told that from such a date, registrations
+  would be for June shipment, etc" Arango said.
+  
+
diff --git a/reuters/test/15359 b/reuters/test/15359
new file mode 100644
index 0000000000000000000000000000000000000000..93ec639873c4fd3ad01c1aa581e37aabe8f95d38
--- /dev/null
+++ b/reuters/test/15359
@@ -0,0 +1,8 @@
+GATEWAY BANCORP INC <GBAN> 1ST QTR NET
+  Shr 32 cts vs 34 cts
+      Net 902,178 vs 662,647
+      Deposits 174.7 mln vs 134.4 mln
+      NOTE: Per share amounts adjusted to reflect 10-for-one
+  stock split effective Sept 16, 1986.
+  
+
diff --git a/reuters/test/15363 b/reuters/test/15363
new file mode 100644
index 0000000000000000000000000000000000000000..a14a1d628718ef3a734a9d2cbee55b279c42aa0d
--- /dev/null
+++ b/reuters/test/15363
@@ -0,0 +1,32 @@
+MORE AMERICAN BRANDS <AMB> ACQUISITIONS SEEN
+  American Brands Inc's 545 mln dlrs
+  acquisition of National Distillers and Chemical Corp's liquor
+  business is expected to be one of a series of acquisitions by
+  the tobacco company, analysts said.
+       "They were very frustrated with their inability to get
+  Chesebrough. They said they were looking for an acquisition. It
+  doesn't surprise me that they came up with another one," said
+  Allan Kaplan of Merrill Lynch and Co.
+      American Brands failed late last year in its 2.9 billion
+  dlrs bid for Chesebrough-Ponds Inc when Unilever N.V. agreed to
+  buy the company. But since then, Wall Street has been
+  speculating that American Brands would find another candidate
+  to help reduce its earnings exposure to tobacco.
+      "This is just typical," said George Thompson of
+  Prudential-Bache securities. "There's going to be more to come
+  here. American Brands had to make an acquisition because
+  tobacco is still a significant part of earnings. Their position
+  is a little less favorable than Philip Morris and RJ Reynolds,"
+  he said.
+  cash flow from its low growth tobacco, but the tobacco business
+  does require great amounts of capital expenditures. It can
+  therefore use its funds to make acquisitions. Analysts said the
+  National Distillers' spirits company, which makes Gilbey's gin
+  and vodka, Old Grandad and Old Crow whiskey, is not quite the
+  type of acquisition they envisioned.
+      "The distilled spirits business has been in a steady
+  gradual decline for sometime, as has the tobacco business,"
+  said Thompson.
+   REUTER...
+  
+
diff --git a/reuters/test/15364 b/reuters/test/15364
new file mode 100644
index 0000000000000000000000000000000000000000..5cb0a834d261a61f41672dfdbbfe7539a22a7829
--- /dev/null
+++ b/reuters/test/15364
@@ -0,0 +1,69 @@
+BUNDESBANK CALLS FOR CENTRAL BANK COOPERATION
+  Bundesbank board member Claus Koehler
+  called on central banks of major industrialised nations to
+  cooperate closely on exchange and interest rate policies.
+      In a lecture at the University of Surrey, pre-released
+  here, Koehler said that the only alternative to cooperation was
+  protectionism and control on capital movements.
+      "Central banks have sufficient experience of exchange market
+  transactions to steer exchange rates where they want to have
+  them," he said. He added that West German growth forecasts would
+  have to be revised downward because of the recent dollar drop
+  to 1.80 marks from above two marks at the start of 1987.
+      Koehler said that transactions on foreign exchange markets
+  had parted company with transactions in goods, services and
+  investments. It was the scale of speculative transactions that
+  determined market trends.
+      Speculative inflows could cause monetary aggregates to
+  grow. To reverse such a rise in the money stock, interest rates
+  would have to be lowered to allow funds to drain off.
+      "In other words, the monetary policy measures required are
+  different from -- and sometimes diametrically opposed to --
+  those needed when the money stock is increasing as a result of
+  mounting economic activity," Koehler said.
+      The dollar fall was one means of reducing the massive U.S.
+  Current account deficit. But attempts to keep the depreciation
+  going by talking the dollar down posed problems.
+      The sharp drop of the dollar had led to an immediate steep
+  rise in the cost of U.S. Imports and a sharp fall in the cost
+  of European imports. But the volume effect of falling imports
+  to the U.S. And rising imports to Europe would take time to
+  make itself felt compared with the price effect.
+      "Hence the depreciation of the dollar may well be going
+  further than would be necessary to adjust the current account
+  over the medium term," Koehler said.
+      A reduction in the U.S. Current account deficit would occur
+  only if the growth rate of GNP was higher than domestic demand.
+  In Japan and West Germany by contrast, domestic demand should
+  rise faster than GNP.
+      "In Germany this did indeed happen in 1986," Koehler said.
+      If a further appreciation of the dollar was to be
+  prevented, the U.S. Current account deficit could be offset by
+  an inflow of foreign funds into the U.S..
+      But only if there was an appropriate interest rate
+  differential would Europe and Japan look for financial
+  investment in the U.S.
+      When selecting monetary policy instruments, a central bank
+  had to pay greater heed than in the past to the impact its
+  measures might have on expectations and consequent decisions.
+      Koehler said the Bundesbank was changing money market rates
+  by operating on the open market rather than adjusting leading
+  interest rates because of the signal this gives to the market
+  and its substantial impact on exchange rates.
+      It was not only important to achieve the domestic goals of
+  price stability, economic growth and full employment but also
+  to tackle international problems like the exchange rate
+  problem, the debt problem and the current account problem.
+      A strategy had to be designed that helped "the safeguarding
+  of non-inflationary economic growth in an international
+  monetary system largely free of disruptions," Koehler said.
+      Given the system of floating exchange rates, it was
+  necessary for central banks to agree to intervene. It sufficed
+  to tell the market where central banks saw exchange rates over
+  the next few years and intervention points should not be set,
+  because they were only testing points for the market, he said.
+      In order to keep the international monetary system free of
+  disruptions central banks should not only intervene jointly but
+  also cooperate on interest rate policies, Koehler said.
+  
+
diff --git a/reuters/test/15365 b/reuters/test/15365
new file mode 100644
index 0000000000000000000000000000000000000000..d14f143f3628a4f4221b788e7f1ac9635cae456d
--- /dev/null
+++ b/reuters/test/15365
@@ -0,0 +1,14 @@
+AUSTRALIAN UNEMPLOYMENT RISES IN MARCH
+  Australia's seasonally adjusted
+  unemployment rate rose to 8.4 pct of the estimated workforce in
+  March from 8.2 pct in February and 7.9 pct a year earlier, the
+  Statistics Bureau said.
+      The number of jobless rose to 650,700 from 631,900 in
+  February and 593,200 a year earlier, the Bureau said.
+      Unadjusted, the number of unemployed rose to 702,600 from
+  699,600 in February but the rate eased to 9.0 pct from 9.1,
+  reflecting a slight increase in the estimated workforce. In
+  March 1986, 640,400 persons, or 8.5 pct of the workforce, were
+  out of work.
+  
+
diff --git a/reuters/test/15366 b/reuters/test/15366
new file mode 100644
index 0000000000000000000000000000000000000000..5a7d2aafc17ead5e838a5eb010ff1c6f09087beb
--- /dev/null
+++ b/reuters/test/15366
@@ -0,0 +1,14 @@
+CSR SAYS IT IS RETAINING NON-DELHI GAS-OIL STAKES
+  CSR Ltd <CSRA.S> said its sale of <Delhi
+  Petroleum Pty Ltd> will not affect the other oil and gas
+  interests it manages or operates.
+      CSR sold Delhi, which holds an average 25 pct in the Santos
+  Ltd <STOS.S>-led Cooper-Eromanga Basin onshore gas and liquids
+  joint ventures, to an Exxon Corp <XON> unit for 985 mln dlrs on
+  April 1.
+      In a statement to clarify the position, CSR said it will
+  retain its Roma Gas unit, the associated Roma-Brisbane gas
+  pipeline and the Bula oilfield on Seram, Indonesia, plus
+  exploration interests in Queensland and Hainan Island, China.
+  
+
diff --git a/reuters/test/15367 b/reuters/test/15367
new file mode 100644
index 0000000000000000000000000000000000000000..6c3e90cf283b854a0b89ff2f3a2bdc5287c802b9
--- /dev/null
+++ b/reuters/test/15367
@@ -0,0 +1,24 @@
+JAPAN MINISTRY HAS NO COMMENT ON RICE TALKS REPORT
+  The Agriculture Ministry declined comment
+  on a local newspaper report that Japan had agreed to hold talks
+  on its closed rice market in the new GATT round.
+      "We have no idea about the report and cannot comment," a
+  spokesman told Reuters.
+      Nihon Keizai Shinbun, quoting unnamed government sources,
+  said Japan would tell U.S. Agriculture Secretary Richard Lyng
+  and U.S. Trade Representative Clayton Yeutter of its
+  intentions. The two are due to visit Japan later this month for
+  farm talks.
+      The U.S. Has been pressing Japan to discuss the rice issue
+  at the new round of General Agreement on Tariffs and Trade
+  talks. But Japan has said GATT is not the right forum.
+      Imports of rice to Japan are banned under the Foodstuff
+  Control Act.
+      Nihon Keizai said Japan's plan resulted from worries about
+  mounting trade tension with the U.S. At the GATT talks, Japan
+  will try to persuade the U.S. That its rice policy is
+  justified, it said.
+      The 93-nation world trade body began the Uruguay trade
+  round last September. It will take four years to negotiate.
+  
+
diff --git a/reuters/test/15368 b/reuters/test/15368
new file mode 100644
index 0000000000000000000000000000000000000000..cad80440b823f3af3ffe96712389d8b238de578a
--- /dev/null
+++ b/reuters/test/15368
@@ -0,0 +1,13 @@
+SHOWA DENKO EXPORTS ALUMINIUM CASTING EQUIPMENT
+  <Showa Denko Ltd> said it is exporting
+  aluminium billet casting equipment and technology to countries
+  that have recently begun aluminium smelting.
+      A company official said it won a 500 mln yen order to
+  deliver 10 sets of casting equipment to Venezuela's Venalum by
+  end-1987. He said it received an order for one set from
+  Aluminium Bahrain B.S.C. Last year and expects further orders
+  from the Bahrain smelter.
+      Showa Denko withdrew from smelting last year but expects to
+  increase its sales of equipment and technology, he said.
+  
+
diff --git a/reuters/test/15372 b/reuters/test/15372
new file mode 100644
index 0000000000000000000000000000000000000000..533d8e7ae422717247118dc8ca4999f8bc0c1e67
--- /dev/null
+++ b/reuters/test/15372
@@ -0,0 +1,83 @@
+ECONOMIC SPOTLIGHT - TELECOM IS KEY JAPAN MINISTRY
+  Japan's little-known Ministry of Posts and
+  Telecommunications (MPT) has emerged as an international force
+  to be reckoned with, political analysts said.
+      MPT, thrust into the spotlight by trade rows with the U.S.
+  And Britain, is in a position of strength due to its control of
+  a lucrative industry and its ties with important politicians,
+  they said.
+      "The ministry is standing athwart the regulatory control of
+  a key industrial sector, telecommunications and information,"
+  said one diplomatic source.
+      "They are a potent political force," the diplomatic source
+  said.
+      But MPT is finding domestic political prowess does not
+  always help when it comes to trade friction diplomacy, analysts
+  said.
+      "The ministry was a minor ministry and its people were not
+  so internationalized," said Waseda University professor Mitsuru
+  Uchida. "Suddenly they're standing at the centre of the world
+  community and in that sense, they're at a loss (as to) how to
+  face the situation."
+      Most recently the ministry has been embroiled in a row with
+  London over efforts by Britain's Cable and Wireless Plc to keep
+  a major stake in one of two consortia trying to compete in
+  Japan's lucrative overseas telephone business.
+      The ministry has favoured the merger of the two rival
+  groups, arguing the market cannot support more than one
+  competitor to Kokusai Denshin Denwa Co Ltd, which now
+  monopolizes the business.
+      It has also opposed a major management role in the planned
+  merger for any non-Japanese overseas telecommunications firm on
+  the grounds that no such international precedent exists.
+      The ministry's stance has outraged both London, which has
+  threatened to retaliate, and Washington, which says the merger
+  plan is evidence of Japan's failure to honour pledges to open
+  its telecommunications market.
+      Washington is also angry over other ministry moves which it
+  says have limited access for U.S. Firms to Japan's car
+  telephone and satellite communications market.
+      Much of MPT's new prominence stems from the growth of the
+  sector it regulates.
+      "What has been happening is an important shift in the
+  economy which makes the ministry a very important place," said
+  James Abegglen, head of the consulting firm Asia Advisory
+  Service Inc.
+      A decision to open the telecommunications industry to
+  competition under a new set of laws passed in 1985 has boosted
+  rather than lessened MPT's authority, analysts said.
+      "With the legal framework eased, they became the de facto
+  legal framework," said Bache Securities (Japan) analyst Darrell
+  Whitten.
+      Close links with the powerful political faction of the
+  ruling Liberal Democratic Party (LDP) nurtured by former Prime
+  Minister Kakuei Tanaka are another key to MPT's influence, the
+  analysts said.
+      "Other factions ignored MPT (in the 1970s), but the Tanaka
+  faction was forward looking and ... Recognized the importance
+  of MPT," Uchida said. Many former bureaucrats became members of
+  the influential political group, he added.
+      The ministry also has power in the financial sector due to
+  the more than 100,000 billion yen worth of deposits in the
+  Postal Savings System, analysts said.
+      MPT has helped block Finance Ministry plans to deregulate
+  interest rates on small deposits, a key element in financial
+  liberalisation, since the change would remove the Postal
+  Savings System's ability to offer slightly higher rates than
+  banks, they said.
+      Diplomatic sources, frustrated with what they see as MPT's
+  obstructionist and protectionist posture, have characterized
+  the ministry as feudal.
+      Critics charge MPT with protecting its own turf, limiting
+  competition and sheltering the former monopolies under its
+  wing. Providing consumers with the best service at the lowest
+  price takes a back seat to such considerations, they said.
+      But many of the ministry's actions are not unlike those of
+  its bureaucratic counterparts in much of the Western world
+  including Britain, several analysts said.
+      "The United States is really the odd man out," Abegglen said.
+  "For a government to take the view that it wants to keep order
+  in utilities markets is not an unusual and/or unreasonable
+  view," he said.
+  
+
diff --git a/reuters/test/15375 b/reuters/test/15375
new file mode 100644
index 0000000000000000000000000000000000000000..ccfe7781344161231ce57cfbcaad1ffae19bea5a
--- /dev/null
+++ b/reuters/test/15375
@@ -0,0 +1,40 @@
+G-7 ISSUES STATEMENT AFTER MEETING
+  Following is the text of a statement
+  by the Group of Seven -- the U.S., Japan, West Germany, France,
+  Britain, Italy and Canada -- issued after a Washington meeting
+  yesterday.
+      1. The finance ministers and central bank governors of
+  seven major industrial countries met today.
+      They continued the process of multilateral surveillance of
+  their economies pursuant to the arrangements for strengthened
+  economic policy coordination agreed at the 1986 Tokyo summit of
+  their heads of state or government.
+      The managing director of the International Monetary Fund
+  also participated in the meeting.
+      2. The ministers and governors reaffirmed the commitment to
+  the cooperative approach agreed at the recent Paris meeting,
+  and noted the progress achieved in implementing the
+  undertakings embodied in the Louvre Agreement.
+      They agreed, however, that further actions will be
+  essential to resist rising protectionist pressures, sustain
+  global economic expansion, and reduce trade imbalances.
+      In this connection they welcomed the proposals just
+  announced by the governing Liberal Democratic Party in Japan
+  for extraordinary and urgent measures to stimulate Japan's
+  economy through early implementation of a large supplementary
+  budget exceeding those of previous years, as well as
+  unprecedented front-end loading of public works expenditures.
+      The government of Japan reaffirmed its intention to further
+  open up its domestic markets to foreign goods and services.
+      3. The ministers and governors reaffirmed the view that
+  around current levels their currencies are within ranges
+  broadly consistent with economic fundamentals and the basic
+  policy intentions outlined at the Louvre meeting.
+      In that connection they welcomed the strong implementation
+  of the Louvre Agreement.
+      They concluded that present and prospective progress in
+  implementing the policy undertakings at the Louvre and in this
+  statement provided a basis for continuing close cooperation to
+  foster the stability of exchange rates.
+  
+
diff --git a/reuters/test/15378 b/reuters/test/15378
new file mode 100644
index 0000000000000000000000000000000000000000..7af7733d3658e45d63fa5e68609a4288fbcb5c51
--- /dev/null
+++ b/reuters/test/15378
@@ -0,0 +1,11 @@
+BANK OF FRANCE TO HOLD MONEY MARKET TENDER TODAY
+  The Bank of France said it has invited
+  offers of first category paper today for a money market
+  intervention tender.
+      Money market operators were divided over whether the Bank
+  of France will use to occasion to cut its intervention rate,
+  which has stood at 7-3/4 pct since March 9.
+      Some thought a price cut unlikely while others said there
+  was room for a further 1/4 point cut by the bank.
+  
+
diff --git a/reuters/test/15379 b/reuters/test/15379
new file mode 100644
index 0000000000000000000000000000000000000000..8d40b21744ffe1377416dd9a0bfe49bd762cdf78
--- /dev/null
+++ b/reuters/test/15379
@@ -0,0 +1,7 @@
+RIO TINTO-ZINC CORP PLC 1986 PRETAX PROFIT 601.7 mln stg
+vs 614.4 mln
+
+  RIO TINTO-ZINC CORP PLC 1986 PRETAX PROFIT 601.7 mln stg
+  vs 614.4 mln
+  
+
diff --git a/reuters/test/15380 b/reuters/test/15380
new file mode 100644
index 0000000000000000000000000000000000000000..0088628df95ec1a2b9ec0b4342dd5c52ae17440d
--- /dev/null
+++ b/reuters/test/15380
@@ -0,0 +1,23 @@
+RIO TINTO-ZINC NET ATTRIBUTABLE PROFIT LOWER
+  Year to December 31, 1986
+      SHR 78.91p vs 83.05p
+      DIV 16.5p making 23.5p vs 22p
+      PRETAX PROFIT 601.7 mln stg vs 614.4 mln
+      NET ATTRIBUTABLE PROFIT 245 mln stg vs 257 mln
+      TURNOVER 3.34 billion stg vs 3.09 billion
+      Note - Accounts have been restated
+      Full name of company is Rio Tinto-Zinc Corp Plc <RTZL.L>
+      Group operating profit 529.4 mln stg vs 470.7 mln
+      Operating costs 2.81 billion stg 2.63 billion
+      Share of profit less losses of related companies 104.4 mln
+  stg vs 165.0 mln
+      Interest receivable/other income 41.5 mln stg vs 47.4 mln
+      Interest payable 73.6 mln stg vs 68.7 mln
+      Tax 274.8 mln stg vs 277.1 mln
+      Leaving 326.9 mln stg vs 337.3 mln
+      RTZ' investment in Australian associate CRA has been equity
+  accounted for 1986 and 1985 figures restated on the same basis
+  after the reduction of RTZ's interest to 49 pct in October
+  1986.
+  
+
diff --git a/reuters/test/15383 b/reuters/test/15383
new file mode 100644
index 0000000000000000000000000000000000000000..f04064307f4f8c566d843d346d3099964d85f053
--- /dev/null
+++ b/reuters/test/15383
@@ -0,0 +1,5 @@
+Burmah Oil 1986 pre-tax profit 105.9 mln stg vs 79.6 mln.
+
+  Burmah Oil 1986 pre-tax profit 105.9 mln stg vs 79.6 mln.
+  
+
diff --git a/reuters/test/15384 b/reuters/test/15384
new file mode 100644
index 0000000000000000000000000000000000000000..b00e8113ef0ac7a9ede9b736a71fd86944a678f1
--- /dev/null
+++ b/reuters/test/15384
@@ -0,0 +1,37 @@
+GERMAN BANKERS' REMARKS REVIVE TALK OF RATE CUT
+  Remarks by two leading central bankers
+  sparked renewed speculation in financial markets that a cut in
+  the West German three pct discount rate may be under
+  discussion, currency dealers said.
+      Bundesbank board member Claus Koehler said in a speech that
+  monetary growth resulting from speculative capital inflows
+  required cuts in interest rates.
+      Separately, West Berlin state central bank president Dieter
+  Hiss told journalists that the discount rate could fall below
+  its lowest ever point of 2.75 pct. He made clear that he was
+  not making a forecast on interest rates, however.
+      Currency dealers here and in the Far East said the dollar
+  gained slight background support from the speculation.
+      But German dealers noted that the Bundesbank kept the 3.80
+  pct rate unchanged at which it offered liquidity to the money
+  market this week, dashing some expectations that it may either
+  offer lower fixed rate money or offer a reduced minimum rate
+  and let the strength of banks' demands set the allocation rate.
+      It allocated 6.1 billion marks in new liquidity, much less
+  than the 14.9 billion leaving the market as a prior pact
+  expired. This further weakened sentiment the Bundesbank could
+  move to a more accommodative monetary stance, dealers said.
+      Koehler said in a speech in Surrey, England, speculative
+  capital inflows may cause monetary growth, regardless of
+  whether central banks intervened or exchange rates fell.
+      "In other words, the monetary policy measures required are
+  different from -- and sometimes diametrically opposed to --
+  those needed when the money stock is increasing as a result of
+  mounting economic activity."
+      Though Koehler was known to be the most liberal of the
+  generally monetarist Bundesbank board, his comments marked the
+  first time cuts in rates had been concretely suggested as a
+  counterpoint to overly strong monetary growth, dealers said.
+  REUTER^M
+  
+
diff --git a/reuters/test/15386 b/reuters/test/15386
new file mode 100644
index 0000000000000000000000000000000000000000..f771f92030d5eb6c04455342f28df1d35051760d
--- /dev/null
+++ b/reuters/test/15386
@@ -0,0 +1,16 @@
+SOVIET TRADE DEFICIT WITH WEST SOARS IN 1986
+  The Soviet trade deficit with the West
+  almost quadrupled last year, reaching 2.72 billion roubles
+  compared with 713 mln in 1985, official figures showed.
+      Statistics published by the monthly journal Foreign Trade
+  showed Soviet trade turnover for 1986 fell to 130.9 billion
+  roubles from 142.1 billion the previous year, a drop of 7.8
+  pct.
+      Moscow's trade surplus with East Bloc countries continued
+  to grow in 1986.
+      Western analysts attributed the deficit rise with the West
+  to the world oil price slump, which hit Moscow's main export
+  and cut hard currency earnings needed for purchases in the
+  West.
+  
+
diff --git a/reuters/test/15387 b/reuters/test/15387
new file mode 100644
index 0000000000000000000000000000000000000000..07924fd900de2dc06227b6f747ba65c1fed90ba4
--- /dev/null
+++ b/reuters/test/15387
@@ -0,0 +1,13 @@
+BURMAH OIL PROFIT CLIMBS TO 105.9 MLN STG
+  Year 1986
+      Shr 33.54p vs 34.2p.
+      Final div 9.5p, making 14p vs 12.75p.
+      Pre-tax profit 105.9 mln stg vs 79.6 mln.
+      Net profit before minorities 56 mln vs 52.1 mln.
+      Turnover net of duties 1.32 billion stg vs 1.46 billion.
+      Minorities 800,000 stg vs same.
+      Extraordinary debit 20.4 mln vs 28.2 mln.
+      NOTE: Company's full name is The Burmah Oil Co Plc <BURM.L>
+  REUTER^M
+  
+
diff --git a/reuters/test/15388 b/reuters/test/15388
new file mode 100644
index 0000000000000000000000000000000000000000..4e10110e13e0a7c62c62f162c127edb64dbd89e1
--- /dev/null
+++ b/reuters/test/15388
@@ -0,0 +1,13 @@
+CHINA'S WHEAT CROP THREATENED BY PESTS, DISEASE
+  Pests and disease, which destroyed 1.1
+  mln tonnes of wheat in China in 1986, are threatening crops on
+  11.64 mln hectares this year, the China Daily said.
+      About 14.54 mln hectares of wheat were affected in 1986.
+      The paper said abnormal weather conditions had encouraged
+  the spread of wheat midges in 2.47 mln hectares in Shanxi,
+  Henan, Sichuan, Anhui, Hebei and Jiangsu.
+      In Henan, Shandong and Hebei wheat aphids are affecting
+  4.67 mln hectares, wheat red mite 2.8 mln hectares and wheat
+  powdery mildew 1.7 mln hectares.
+  
+
diff --git a/reuters/test/15389 b/reuters/test/15389
new file mode 100644
index 0000000000000000000000000000000000000000..4a45e392bb41fbf5e05a82314cad44539905951d
--- /dev/null
+++ b/reuters/test/15389
@@ -0,0 +1,42 @@
+RTZ SEES RISING U.S. OUTPUT AIDING 1987 RESULTS
+  Rio Tinto-Zinc Corp Plc <RTZL.L>, RTZ,
+  said the predicted rise in industrial production in the U.S.
+  And Europe should boost its 1987 performance.
+      Consumption of some base metals and their dlr prices are
+  showing signs of improvement, although iron ore markets have
+  weakened. The oil price in U.S. Dlrs is above the 1986 average,
+  and if sustained, should improve energy earnings.
+      The company was commenting in a statement on its 1986
+  results which, on a restated basis, showed net attributable
+  profits lower at 245 mln stg after 257 mln the previous year.
+  Pretax profits also dipped to 601.7 mln stg after 614.4 mln.
+      RTZ said the excellent performance of its expanding range
+  of industrial businesses in 1986 was offset by the collapse in
+  oil prices.
+      Industrial businesses contributed 202 mln stg to net
+  profit, a 40 pct increase from 144 mln in 1985, and 60 pct of
+  the total. Trading performance improved at wholly-owned
+  subsidiaries RTZ Borax Ltd, RTZ Cement Ltd, RTZ Chemicals Ltd
+  and RTZ Pillar Ltd. First time contributions from recent
+  investment and acquisitions mainly in speciality chemicals and
+  minerals also aided performance.
+      Metals activities contributed 83 mln stg to net profit.
+  
+  
+  
+  
+  
+  
+  
+  
+  
+  
+  
+  
+  
+  
+  
+  
+  
+  
+
diff --git a/reuters/test/15391 b/reuters/test/15391
new file mode 100644
index 0000000000000000000000000000000000000000..4900481bf50a5ed0ab1d1b700c5cd5ac8cc79d82
--- /dev/null
+++ b/reuters/test/15391
@@ -0,0 +1,10 @@
+BRIDGESTONE CORP <BRIT.T> YEAR TO DECEMBER 31
+  Group shr 35.99 yen vs 38.28
+      Net 21.01 billion vs 21.08 billion
+      Current 47.73 billion vs 48.06 billion
+      Operating 55.04 billion vs 54.99 billion
+      Sales 792.71 billion vs 864.28 billion
+      NOTE - Company forecast for current year is group shr 37.70
+  yen, net 22 billion, current 52 billion and sales 800 billion.
+  
+
diff --git a/reuters/test/15394 b/reuters/test/15394
new file mode 100644
index 0000000000000000000000000000000000000000..affaacb4d5324e32833ed7a271aa9a29ee0d791f
--- /dev/null
+++ b/reuters/test/15394
@@ -0,0 +1,21 @@
+EC SUGAR TENDER SEEN MARKING NO CHANGE IN POLICY
+  The maximum export rebate granted at
+  yesterday's EC sugar tender marked no change in policy over
+  producer complaints that they are not obtaining the EC
+  intervention price in exporting sugar outside the Community, EC
+  Commission sources said.
+      The maximum rebate was 46.496 Ecus per 100 kilos for
+  118,350 tonnes of sugar, down from 46.864 Ecus the previous
+  week, but the change is explained by world market conditions.
+      Producers claim the rebate was short of the level needed to
+  obtain a price equivalent to the intervention price by over one
+  Ecu per 100 kilos, and was 0.87 Ecu short the previous week,
+  the sources said.
+      They said this was despite the fact that the Commission had
+  to accept 785,000 tonnes of sugar into intervention from
+  operators protesting that rebates are too low.
+      Operators have now until early May to withdraw this sugar.
+  But they have not given any sign of planned withdrawals unless
+  the Commission reviews its export policy, they said.
+  
+
diff --git a/reuters/test/15396 b/reuters/test/15396
new file mode 100644
index 0000000000000000000000000000000000000000..93fd6779669bbb56732b1cbf67dddbfbc4aac889
--- /dev/null
+++ b/reuters/test/15396
@@ -0,0 +1,16 @@
+BURMAH OIL PROSPECTS REMAIN FAVOURABLE
+  The current year has opened well, with
+  trading prospects remaining favourable, Burmah Oil Co Plc
+  <BURM.L> said in a statement with its 1986 results.
+      The company plans to maintain a steady rate of investment
+  in its marketing operations and to obtain improved profit
+  margins on its liquified natural gas, LNG, project.
+      Burmah has the financial capacity to continue making
+  acquisitions within its business sectors, it added. The
+  rationalisation programme, including sale of the Bahamas oil
+  terminal and all peripheral activities, is now complete.
+      Pre-tax profit for 1986 rose to 105.9 mln stg from 79.6
+  mln.
+  REUTER^M
+  
+
diff --git a/reuters/test/15397 b/reuters/test/15397
new file mode 100644
index 0000000000000000000000000000000000000000..cb013f665102eb7896854243c418eff63031025c
--- /dev/null
+++ b/reuters/test/15397
@@ -0,0 +1,12 @@
+GEBRUEDER SULZER 1986 PROFIT UP ALMOST 60 PCT
+  Year 1986
+      Consolidated net profit 67 mln Swiss francs vs 42 mln.
+      Dividend 100 francs per registered share vs 80 francs and
+  10 francs per participation certificate vs eight.
+      Consolidated turnover 4.55 billion francs vs 4.54 billion.
+      Parent company net profit 38.2 mln francs vs 26.4 mln.
+      Parent company turnover 2.20 billion francs vs 2.29
+  billion.
+      Note - Company's full name is Gebrueder Sulzer AG <SULZ.Z>
+  
+
diff --git a/reuters/test/15400 b/reuters/test/15400
new file mode 100644
index 0000000000000000000000000000000000000000..2b9de74f379a219acfd598ccf00418a8131ffee0
--- /dev/null
+++ b/reuters/test/15400
@@ -0,0 +1,24 @@
+JAPAN BUSINESS LEADERS SAY G-7 ACCORD IS WORRYING
+  The leaders of two of Japan's top business
+  groups said in separate statements the Group of Seven (G-7)
+  accord reached in Washington yesterday is of deep concern to
+  Japan because it shows the major industrial nations regard the
+  yen's current level as appropriate.
+      Eishiro Saito, chairman of the Federation of Economic
+  Organizations (Keidanren), said the yen's present rate is well
+  above adequate levels. He did not elaborate.
+      Takashi Ishihara, chairman of the Japan Committee for
+  Economic Development, said the accord will not prevent the yen
+  from rising further.
+      "We do not understand why the G-7 approved present rates as
+  the yen has risen excessively since the Paris accord," Ishihara
+  said.
+      G-7 members Britain, Canada, France, Italy, Japan, the U.S.
+  And West Germany said in a statement they consider their
+  currencies are now within ranges broadly consistent with
+  economic fundamentals.
+      Saito called on each G-7 member nation to prepare to
+  intervene in the market strongly enough to ensure exchange
+  rates are stabilised at appropriate levels.
+  
+
diff --git a/reuters/test/15404 b/reuters/test/15404
new file mode 100644
index 0000000000000000000000000000000000000000..d95aa992455fc37f478552c7ae528521ac57d8be
--- /dev/null
+++ b/reuters/test/15404
@@ -0,0 +1,13 @@
+PERGAMON HOLDINGS REDUCES BPCC AND HOLLIS STAKES
+  <Pergamon Holdings Ltd> and its associate
+  companies said that they had sold 30 mln ordinary shares in the
+  British Printing and Communication Corp Plc <BPCL.L> and 10.5
+  mln in <Hollis Plc> together with other securities.
+      No total price was given but the company said the proceeds
+  of the sales would be used to fund Pergamon's expansion
+  programme and worldwide acquisition stategy. The company said
+  that following these sales Pergamon's ordinary shareholdings in
+  both BPCC and Hollis remained above 51 pct. It said it had no
+  intention of further reducing its holdings in either company.
+  
+
diff --git a/reuters/test/15406 b/reuters/test/15406
new file mode 100644
index 0000000000000000000000000000000000000000..7ae6b1abc166b7702691c6afe58b92d2ef954f95
--- /dev/null
+++ b/reuters/test/15406
@@ -0,0 +1,12 @@
+NATIONALE NEDERLANDEN PROFITS, SALES STEADY
+  Year 1986
+      Net profit 635.5 mln guilders vs 603.4 mln.
+      Revenues 17.35 billion guilders vs 17.27 billion.
+      Net profit per nominal 2.50 guilder share 5.79 guilders vs
+  5.67, corrected for capital increase. (1985 uncorrected figure
+  5.73).
+      Dividend 2.50 guilders vs 2.38, corrected. (2.40
+  uncorrected.)
+      Note - Full name is Nationale Nederlanden NV <NTNN.AS>
+  
+
diff --git a/reuters/test/15409 b/reuters/test/15409
new file mode 100644
index 0000000000000000000000000000000000000000..9ba7cb90de09d37074936bd78ba83cc001307718
--- /dev/null
+++ b/reuters/test/15409
@@ -0,0 +1,14 @@
+SHANGHAI TYREb FACTORY TO RAISE 30 MLN U.S. DLRS
+  Ta Chung Hua Rubber Factory of
+  Shanghai will raise a 30 to 35 mln U.S. Dlr loan to expand and
+  modernise its plant, arranger CCIC Finance Ltd said.
+      The loan, to be lead managed by the Bank of China, is
+  expected to mature in eight to nine years, but terms have not
+  been finalized.
+      The money will be used to import manufacturing equipment
+  including technology transfer for the production of truck
+  radial tyres. Part of the output will be exported.
+      The expansion program is expected to cost a total 54 mln
+  dlrs. The shortfall will be financed domestically.
+  
+
diff --git a/reuters/test/15410 b/reuters/test/15410
new file mode 100644
index 0000000000000000000000000000000000000000..ad5f2a4db26c72b8bf531ba6c71b192c472d1472
--- /dev/null
+++ b/reuters/test/15410
@@ -0,0 +1,19 @@
+SAUDI RATES RISE AS BAHRAIN BANKS CAUGHT SHORT
+  Saudi riyal interest rates rose as
+  Bahrain-based banks scrambled to cover short positions, dealers
+  said.
+      Several Bahrain banks had been lending in the fixed periods
+  and borrowing in the short dates, but today they found the
+  day-to-day money in short supply, dealers said.
+      "Everybody's stuck in the spot-next," one trader said.
+      Spot-next rose to as high as 6-1/4, six pct from 5-1/4,
+  five pct yesterday, and the borrowing interest spilled over
+  into the periods, with one month rising to around 6-3/16,
+  5-15/16 pct from 5-15/16, 7/8 pct yesterday.
+      Three months edged up to around 6-9/16, 5/16 pct from
+  6-7/16, 1/4 pct, while six months was quoted a touch firmer by
+  some banks at seven, 6-3/4 pct.
+      Commercial banks quoted the spot riyal at 3.7500/04 to the
+  dollar after 3.7507/09 yesterday.
+  
+
diff --git a/reuters/test/15411 b/reuters/test/15411
new file mode 100644
index 0000000000000000000000000000000000000000..eace863d2ce51c8ba20214bca6c6776627a39e8c
--- /dev/null
+++ b/reuters/test/15411
@@ -0,0 +1,8 @@
+BELGIUM TO ISSUE GOLD WARRANTS, SOURCES SAY
+  Belgium plans to issue Swiss franc
+  warrants to buy gold, with Credit Suisse as lead manager,
+  market sources said.
+      No confirmation or further details were immediately
+  available.
+  
+
diff --git a/reuters/test/15413 b/reuters/test/15413
new file mode 100644
index 0000000000000000000000000000000000000000..80cb1e63eba05c32300df5104ed992fcd19293e6
--- /dev/null
+++ b/reuters/test/15413
@@ -0,0 +1,36 @@
+PHILIPPINE TELEPHONE FIRM PLANS STOCK SPLIT
+  The Philippine Long Distance Telephone Co
+  <PLDT.MN> is planning a two-for-one stock split and a 20 pct
+  stock dividend later this year to reduce excess market
+  buoyancy, Vice-President Sennen Lazo told Reuters.
+      Lazo said the stock split would reduce the par value of the
+  company's common stock from 10 to five pesos.
+      He said the stock split would apply to holders of about 18
+  mln common shares of stock on the record date of September 15
+  1987. "The exercise should make our stock more marketable," Lazo
+  said. "Now it is beyond the reach of many small investors."
+      PLDT common stock surged from a low of 37 pesos in February
+  1986 to 367.50 at close of trading yesterday on the Manila
+  Stock Exchange.
+      Lazo said the 20 pct stock dividend, payable on October 15,
+  would also apply to stockholders on record as of September 15.
+      PLDT reported 1986 net income of 1.89 billion pesos, up 68
+  pct from 778.9 mln pesos in 1985, on operating revenues of six
+  billion pesos, up from 4.7 billion pesos in 1985.
+      At end December 1986 the company had 417,100 stockholders.
+      A PLDT spokesman said the company's profits are likely to
+  be substantial since the government raised its franchise tax to
+  three pct from two and to impose a 35 pct corporate income tax
+  from which it was previously exempt.
+      The government has not so far ordered the implementation of
+  the tax decision.
+      PLDT is the largest of 58 telephone companies in the
+  Philippines. On December 31 1986 the company had 856,014
+  telephones in operation, representing 94 pct of all instruments
+  in the country.
+      In Manila item "Philippine Telephone firm plans stock split"
+  please read in page 3, first para, "the company's profits are
+  likely to be substantially cut" (inserting dropped word). This
+  replaces  "the company's profits are likely to be substantial"
+  
+
diff --git a/reuters/test/15415 b/reuters/test/15415
new file mode 100644
index 0000000000000000000000000000000000000000..41be30264f20fa1a64f4d0bde26c8a4e900c597f
--- /dev/null
+++ b/reuters/test/15415
@@ -0,0 +1,11 @@
+CARGILL CONFIRMS WHITE SUGAR SALE TO INDIA
+  London-based trader Cargill (U.K.) Ltd
+  confirmed it sold one cargo of white sugar to India for
+  shipment April 15/May 15 at yesterday's tender.
+      Price details were not immediately available but some
+  traders suggested business had been done around 220 dlrs a
+  tonne cif.
+      India tendered for one or two cargoes of white sugar. There
+  was no specific requirement on shipping period.
+  
+
diff --git a/reuters/test/15416 b/reuters/test/15416
new file mode 100644
index 0000000000000000000000000000000000000000..d7097dd7a629af0bb7197dc802d68857044f30df
--- /dev/null
+++ b/reuters/test/15416
@@ -0,0 +1,19 @@
+MALAYSIA SEEKS 42 BILLION YEN PIPELINE LOAN
+  Malaysia has asked Japan for a 42
+  billion yen 25-year loan to finance the construction of gas
+  pipelines from eastern Trengganu to southern Johor, the
+  Overseas Economic Cooperation Fund (OECF) said.
+      OECF's chief representative, Takashi Matsuya, told
+  reporters the Japanese Government is appraising the loan.
+  Another OECF official told Reuters Japan is likely to approve
+  the loan because "it is technically and economically viable."
+      If approved, the loan would carry a coupon rate of four
+  pct, a grace period of seven years, Matsuya said. It would be
+  disbursed over three years, he added.
+      The pipeline contruction is the second phase of the
+  Peninsular Gas Utilisation Project by Petronas, Malaysia's
+  national oil company.
+      The first phase was the supply of gas to households in and
+  around the eastern oil town of Kertih.
+  
+
diff --git a/reuters/test/15417 b/reuters/test/15417
new file mode 100644
index 0000000000000000000000000000000000000000..1c68a13ed35ecad150e6b23ef4260a57535e7cf4
--- /dev/null
+++ b/reuters/test/15417
@@ -0,0 +1,37 @@
+CCF REPORTS 34.8 PCT PROFIT BOOST, SHARE SPLIT SEEN
+  Credit Commercial de France <CCFP.PA>
+  reported a parent company net profit up 34.8 pct to 140.1 mln
+  francs from 103.9 mln francs a few weeks before its
+  denationalisation around the end of this month.
+      Official sources said the bank, France's sixth largest in
+  terms of its deposits and seventh in terms of its assets,
+  
+  planned a share split to increase the number of shares on offer
+  ahead of the sale of 40 pct of its ordinary share capital to
+  the public, of 10 pct to staff and 20 pct abroad.
+      Previously one of France's biggest private banks, it was
+  nationalised by the Socialists in 1982.
+      The sources said it was too early to give details of the
+  planned split or of the share price, but cited April 27 as a
+  likely date for the flotation launch.
+      So far 30 pct of the group's capital, currently at 10.33
+  mln shares of 100 francs nominal, has been offered for sale to
+  large private investors to constitute a solid core of eight to
+  ten shareholders before the flotation.
+      The private tender offer closes on April 16, while a 12 mln
+  franc advertising campaign for the flotation begins on Sunday.
+  "The privatisation will be a way of attracting extra clients,"
+  CCF deputy director-general Rene de la Serre told Reuters.
+      Market sources put the total value of CCF's privatisation
+  at between four and five billion francs.
+      De la Serre said the bank was likely to attract at least
+  the same number of investors as <Sogenal>, another recently
+  privatised bank in which 850,000 people bought shares.
+      The government's sweeping privatisation programme has also
+  included the sale of Saint-Gobain <SGEP.PA>, and Cie Financiere
+  de Paribas <PARI.PA>. The sale of <Banque du Batiment et des
+  Travaux Publics> and <Banque Industrielle et Mobiliere Privee>
+  should be completed this month, while third largest French bank
+  Societe Generale <SGEN.PA> will be privatised later this year.
+  
+
diff --git a/reuters/test/15420 b/reuters/test/15420
new file mode 100644
index 0000000000000000000000000000000000000000..f31030e72a0dd68c35a01d6f7b81a33f1d795fdc
--- /dev/null
+++ b/reuters/test/15420
@@ -0,0 +1,12 @@
+JOHNSON MATTHEY'S PLATINUM GROUP PRICES
+  Johnson Matthey today issued the
+  following Platinum group base prices (unfabricated), all U.S.
+  Dlrs per troy ounce.
+   Previous prices in parentheses.
+   PLATINUM  -   562   (567)
+   PALLADIUM -   130   (130)
+   IRIDIUM   -   400   (400)
+   RHODIUM     1,230 (1,230)
+   RUTHENIUM -    80    (80)
+  
+
diff --git a/reuters/test/15421 b/reuters/test/15421
new file mode 100644
index 0000000000000000000000000000000000000000..e5485475f0063f31f684125a599ca5b5873a5f5f
--- /dev/null
+++ b/reuters/test/15421
@@ -0,0 +1,31 @@
+LEX SERVICE BUYS SEARS MOTOR GROUP
+  Lex Service Plc <LEXL.L> said it had
+  acquired <Sears Motor Group Ltd>, the retail motor distribution
+  arm of Sears Plc < SEHL.L>, and an 11.9 mln stg loan note
+  payable by Sears Motor for 33.4 mln stg.
+      The purchase will be through 1.4 mln stg in cash and the
+  issue to Sears Plc of 8.0 mln new Lex ordinary shares.
+      The company said in a statement that immediately following
+  the acquisition of the motor group, its car and commercial
+  vehicle contract hire fleet of some 3,000 vehicles was sold to
+  <Lex Vehicle Leasing Ltd> for 14.3 mln stg in cash, a sum equal
+  to the net book value of the vehicles transferred.
+      Lex Vehicle is owned equally by Lex Services and <Lombard
+  North Central Plc>.
+      Lex said the shares involved in the transaction were today
+  being placed for Sears Plc with institutions at 400p. These
+  shares will not qualify for the final Lex dividend on 10 April.
+      Lex said in a statement that its acquisition of Sears Motor
+  Group represents a major development for its automotive
+  activities. The enlarged retailing operations of the Lex
+  Automotive group now have a turnover of 530 mln stg. Lex's
+  existing automotive interests include Volvo Concessionaires,
+  the sole importer of Volvo cars and parts into the U.K.
+      Lex said the turnover for Sears Motor Group in the year to
+  31 December 1986 was 242 mln stg and that at the date of the
+  acquisition the group had about 50 mln stg in external
+  borrowings.
+      Lex shares fell on the announcement to trade around 409p
+  from a 419p close yesterday.
+  
+
diff --git a/reuters/test/15424 b/reuters/test/15424
new file mode 100644
index 0000000000000000000000000000000000000000..b3dc966a9beac1a772642b46557afa492e271047
--- /dev/null
+++ b/reuters/test/15424
@@ -0,0 +1,23 @@
+MAJOR RUBBER PRODUCERS TO MEET IN SINGAPORE
+  Officials from Indonesia, Malaysia,
+  Singapore and, perhaps, Thailand will meet here tomorrow to
+  discuss increased regional cooperation on rubber marketing and
+  ways to raise rubber prices, industry sources said.
+      The officials will discuss linking rubber markets in the
+  four countries to improve price transparency, the sources said.
+      This is the first time Indonesia is attending such a
+  meeting, they said, but representatives from Thailand may not
+  be able to attend because of their tight schedule. Malaysia,
+  Indonesia and Thailand account for 90 pct of world rubber
+  exports and Singapore is a major regional rubber trading
+  centre.
+      The Malaysian Rubber Futures market, freighting and
+  contracts for rubber are among other issues expected to be
+  discussed.
+      Last month, rubber importing and exporting countries
+  adopted a new International Natural Rubber Agreement in Geneva.
+  The new pact is more responsive to market trends than its
+  predecessor, the sources said, and earlier provisions allowing
+  the buffer stock to borrow from banks have been eliminated.
+  
+
diff --git a/reuters/test/15425 b/reuters/test/15425
new file mode 100644
index 0000000000000000000000000000000000000000..0e0fad9d94678f6f90d61bdd8b7a2047a6009a50
--- /dev/null
+++ b/reuters/test/15425
@@ -0,0 +1,12 @@
+MEPC EXTENDS OFFER FOR OLDHAM
+  MEPC Plc <MEPC.L> said that its offer for
+  <Oldham Estates Ltd> would remain open until further notice.
+      On February 26 MEPC made an agreed bid for Oldham based on
+  a formula reflecting its asset value at 30 September 1986. A
+  year earlier Oldham's net asset value was put at 531.4 mln stg.
+      As of 1 April the valuation used under the formula had
+  still to be agreed so Oldham had yet to give a firm
+  recommendation to its shareholders regarding the value of the
+  the offer.
+  
+
diff --git a/reuters/test/15427 b/reuters/test/15427
new file mode 100644
index 0000000000000000000000000000000000000000..8af2cac2486ae7cf900f55f94b10f30ad4e9eff0
--- /dev/null
+++ b/reuters/test/15427
@@ -0,0 +1,21 @@
+GEORGE WIMPEY PROFITS UP 42 PCT TO 66.5 MLN STG
+  Year to December 31, 1986.
+      Shr 18.35p vs 14.95p
+      Div 3.75p vs 2.9p making 4.75p vs 3.75p
+      Pretax profit 66.5 mln stg vs 46.9 mln
+      Tax 14.6 mln stg vs 4.5 mln
+      Net profit 51.9 mln stg vs 42.4 mln
+      Turnover 1.44 billion stg vs 1.58 billion
+      Note - Full name of company is George Wimpey Plc <WMPY.L>.
+      Operating profit before exceptional items 88.9 mln stg vs
+  80.5 mln
+      Exceptional debits 3.0 mln stg vs 11.6 mln
+      Operating profit 85.9 mln stg vs 68.9 mln
+      Share of profits less losses of associated companies 1.4
+  mln stg vs 2.4 mln loss
+      Interest - net payable 20.8 mln stg vs 19.6 mln
+      Attributable minority profits debits 0.2 mln stg vs 0.3 mln
+      Extraordinary items debit 3.4 mln stg vs 4.3 mln credit
+      Net borrowings 195.1 mln stg vs 193.5 mln
+  
+
diff --git a/reuters/test/15428 b/reuters/test/15428
new file mode 100644
index 0000000000000000000000000000000000000000..d6b2e52ff782a4100bcb9c1c4dfd40960a0cffdd
--- /dev/null
+++ b/reuters/test/15428
@@ -0,0 +1,7 @@
+CANADA FEBRUARY TRADE SURPLUS 1.25 BILLION DLRS AFTER
+JANUARY 623 MLN DLRS SURPLUS
+
+  CANADA FEBRUARY TRADE SURPLUS 1.25 BILLION DLRS AFTER
+  JANUARY 623 MLN DLRS SURPLUS
+  
+
diff --git a/reuters/test/15429 b/reuters/test/15429
new file mode 100644
index 0000000000000000000000000000000000000000..fd082bf34684cd313eb1e052ab5ae3dddbbd0801
--- /dev/null
+++ b/reuters/test/15429
@@ -0,0 +1,12 @@
+AEGON 1986 NET PROFIT RISES 6.4 PCT
+  Net profit 327.1 mln guilders vs
+  307.5.
+      Total revenue 7.97 billion guilders vs 8.7 billion.
+      Net profit per five guilder nominal share 9.33 guilder vs
+  9.25 (corrected for capital increase).
+      Final dividend 1.30 guilders and 2.4 pct stock vs 1.30
+  guilders and 2.2 pct in stock. Interim dividend already paid
+  was 1.30 guilders.
+      Note : full name of company is AEGON NV <AEGN.AS>
+  
+
diff --git a/reuters/test/15430 b/reuters/test/15430
new file mode 100644
index 0000000000000000000000000000000000000000..ff6b59a613b24d44bcf002a02e728bab089cbd28
--- /dev/null
+++ b/reuters/test/15430
@@ -0,0 +1,13 @@
+CANADA FEBRUARY TRADE SURPLUS 1.2 BILLION DLRS
+  Canada had a trade surplus of 1.25
+  billion dlrs in February compared with an upward revised 623
+  mln dlrs surplus in January, Statistics Canada said.
+      The January surplus originally was reported at 533 mln
+  dlrs. The February surplus last year was 189 mln dlrs.
+      February exports, seasonally adjusted, were 10.44 billion
+  dlrs against 9.85 billion in January and 10.05 billion in
+  February, 1986.
+      February imports were 9.19 billion dlrs against 9.23
+  billion in January and 9.86 billion in February, 1986.
+  
+
diff --git a/reuters/test/15431 b/reuters/test/15431
new file mode 100644
index 0000000000000000000000000000000000000000..a9fa4b56eaeb481e46aaa233723d05956e8e881b
--- /dev/null
+++ b/reuters/test/15431
@@ -0,0 +1,14 @@
+BANK OF JAPAN BUYS DOLLARS IN TOKYO, DEALERS SAY
+  The Bank of Japan bought a modest amount
+  of dollars at around 145.10 yen just after the market here
+  opened, dealers said.
+      Just before the opening, the dollar dropped swiftly as
+  speculators concluded the Group of Seven (G-7) comminuique
+  issued in Washington contained nothing basically new, they
+  said. It fell about a half yen, to around 145.
+      The G-7 reaffirmed that their currencies around current
+  levels reflect economic fundamentals.
+      One dealer said the Bank of Japan probably intervened in
+  Australia before the opening here, but could not confirm this.
+  
+
diff --git a/reuters/test/15432 b/reuters/test/15432
new file mode 100644
index 0000000000000000000000000000000000000000..50eb50a01909ef52f41fb5483ed3e0119b5bc73b
--- /dev/null
+++ b/reuters/test/15432
@@ -0,0 +1,14 @@
+MIYAZAWA SAYS YEN STILL INSIDE PARIS RANGE
+  Japanese Finance Minister Kiichi
+  Miyazawa said the strengthening of the yen against the dollar
+  that has occurred since the Paris Agreement was within the
+  range agreed on in the Louvre discussions.
+      "I would say that what has happened (to the yen) in the past
+  several weeks was not outside the range we agreed to in the
+  discussions in Paris," Miyazawa told a press conference
+  following the Group of Seven meeting here.
+      He added that the current discussions were a "reaffirmation"
+  of that agreement, indicating that the "solidarity" that occurred
+  in Paris was still in place.
+  
+
diff --git a/reuters/test/15436 b/reuters/test/15436
new file mode 100644
index 0000000000000000000000000000000000000000..3e9d863fdb812715de559a27df43b6d3e6263307
--- /dev/null
+++ b/reuters/test/15436
@@ -0,0 +1,10 @@
+U.K. MONEY MARKET GETS 103 MLN STG HELP
+  The Bank of England said it operated in
+  the money market this morning, buying 103 mln stg bank bills.
+      The central bank bought in band one 60 mln stg at 9-7/8, in
+  band two eight mln at 9-13/16, in band three 26 mln at 9-3/4
+  and in band four nine mln stg at 9-11/16 pct.
+      This compares with the bank's forecast of a 400 mln stg
+  shortfall today.
+  
+
diff --git a/reuters/test/15438 b/reuters/test/15438
new file mode 100644
index 0000000000000000000000000000000000000000..c0ef755d3b5bb35226ae664e55e72ed397a1d441
--- /dev/null
+++ b/reuters/test/15438
@@ -0,0 +1,36 @@
+NATNED FORECASTS 1987 RESULTS IN LINE WITH 1986
+  The Netherlands' largest insurer
+  Nationale Nederlanden NV <NTTN.AS> (NatNed) said it expected at
+  least unchanged results in 1987 after reporting 1986 net
+  profits up 5.3 pct to 635.5 mln guilders from 603.4 mln in
+  1985,
+      Revenues increased by 0.5 pct to 17.35 billion guilders
+  after 17.27 billion the previous year, and the dividend was
+  raised to 2.50 guilders per share from 2.38 guilders in 1985,
+  corrected on a capital increase.
+      The company said guilder revenue and profit were pressured
+  by falls in exchange rates, particularly in the US and
+  Australian dollar and sterling.
+      Without these currency fluctuations, net profit would have
+  been 30.7 mln guilders higher and revenue 1.97 billion higher,
+  NatNed said.
+      The international share in turnover was 50 pct in 1986
+  compared with 52 pct in 1985.
+      The company's life insurance result fell to 365.7 mln
+  guilders after 428.4 mln in 1985 due to currency influences,
+  tighter interest margins and increased investment.
+      Claim payouts fell to 9.9 mln guilders after 66.6 mln the
+  previous year.
+      The company's total assets reached 69.87 billion guilders
+  in 1986 against 67 billion the year before.
+      Assets per share equalled 65.68 guilders against 65.53.
+      Without these currency fluctuations, net profit would have
+  been 30.7 mln guilders higher and revenue 1.97 billion higher,
+  NatNed said.
+      The international share in turnover was 50 pct in 1986
+  compared with 52 pct in 1985.
+      The company's life insurance result fell to 365.7 mln
+  guilders aft
+   INTERRUPTED
+  
+
diff --git a/reuters/test/15441 b/reuters/test/15441
new file mode 100644
index 0000000000000000000000000000000000000000..91810dc861094eb6bd1ca1d8c59c3bd8b6a32756
--- /dev/null
+++ b/reuters/test/15441
@@ -0,0 +1,3 @@
+ 9-APR-1987 07:38:18.81
+   9-APR-1987 07:38:18.81
+
diff --git a/reuters/test/15442 b/reuters/test/15442
new file mode 100644
index 0000000000000000000000000000000000000000..464ae1c7c63d1fcacbe07c16ad021f1ecc179dbf
--- /dev/null
+++ b/reuters/test/15442
@@ -0,0 +1,89 @@
+EUROPEAN MARKETS REACT QUIETLY TO G-7 COMMUNIQUE
+  European currency markets reacted quietly
+  to the G-7 communique, with comments from bankers and dealers
+  ranging from disappointment that it was not more concrete to
+  surprise that the markets should have expected so much.
+      The dollar opened lower against virtually all currencies
+  and traded in a narrow range after the communique, which
+  reaffirmed support for the Paris accord on currency
+  stabilisation but contained no moves to strengthen it.
+      Dealers in Frankfurt and Zurich saw the dollar remaining
+  broadly entrenched in its current trading range.
+      "The dollar is likely to stay within a range of 1.80 to 1.84
+  marks," said Gisela Steinhaeuser, senior dealer at Chase Bank
+  AG. She said there was some resistance to further climbs.
+      However, she said the dollar could break out of the range
+  with major surprises such as a worse-than-expected U.S.
+  Merchandise trade deficit, due next Tuesday.
+      Theodor Stadelmann, dealer with Bank Julius Baer and Co Ltd
+  in Zurich, said he expects the dollar to hold steady against
+  the mark and Swiss franc but to weaken further against the yen,
+  possibly to 140 yen.
+      A Milan banker shared Stadelmann's view, saying he expects
+  a dollar-yen range of 140-150 in the short term.
+      London traders said the G-7 communique failed to curb
+  underlying bearishness toward the dollar but this negative
+  sentiment was not yet strong enough to tempt interbank
+  operators to test the downside.
+      Concern that finance ministers and officials still in
+  Washington could issue more concrete statements in favour of
+  currency stabilisation kept players sidelined, along with
+  worries about provoking fresh central bank intervention in the
+  near term, the traders said.
+      Most Paris dealers expressed disappointment at the
+  communique, saying nothing has changed to reverse the dollar's
+  downward trend.
+      Traders in several centres said the market would look for
+  fresh opportunities to test the willingness of central banks to
+  defend current ranges, which the communique said were "broadly
+  consistent with economic fundamentals and the basic policy
+  intentions outlined at the Louvre meeting."
+      Dave Jouhin, senior dealer at Midland Bank in London, said
+  "They're going to put somebody's resolve to the test soon." The
+  U.S. February trade data may provide the trigger, dealers said.
+      However, some dealers said London-based operators would be
+  unlikely to open major positions next week ahead of the long
+  Easter weekend. They saw near-term technical support at 1.825
+  marks and 145 yen and resistance about 1.83 marks and 146 yen.
+      Chase Bank's Steinhaeuser and other Frankfurt dealers said
+  the G-7 communique guaranteed a relatively calm and stable
+  market for the foreseeable future compared with the extreme
+  volatility seen in the first few months of this year.
+      One dealer at a German bank said the wording of the
+  communique made clear the leading nations did not want a
+  further dollar drop, and this was supporting the dollar.
+      The German dealer saw the dollar gradually appreciating to
+  1.87 marks, broadly seen as its upper limit within the Louvre
+  accord's supposed currency target range.
+      A Swiss bank economist said he believed the markets were
+  ready for a period of "mainly sideways movement."
+      But Milan dealers were sceptical about the communique
+  contributing to greater stability.
+      "Nothing has changed substantially to give the dollar a big
+  boost," said one dealer, while another Italian banker said he
+  expects the dollar to trade between 1.77 and 1.87 German marks
+  in the next three months.
+      A Swiss monetary source, who asked not to be named, said
+  the communique had been in line with realistic expectations and
+  should not have produced disappointment.
+      "The problem is that the changes needed in fiscal and trade
+  policies to redress current imbalances are of a different
+  timescale than currency markets operate on," the source told
+  Reuters, "This is a political process which takes time."
+      Alois Schwietert, chief economist at Swiss Bank Corp in
+  Basle, also questioned the tone of disappointment evident on
+  currency markets today. "Did people really expect a patent
+  remedy?" he asked.
+      Bank economists in Paris noted yesterday's meeting was only
+  the first in a series and said the market would watch carefully
+  in the next few weeks for any changes in positions.
+      A senior economist with Banque Indosuez said the focus was
+  now on trade and growth rather than interest rates. Any move by
+  Japan and West Germany to boost their economic growth could
+  lead to a quick change in the U.S. Position.
+      Dealers in all centres agreed that markets would be wary in
+  pushing the dollar too far too quickly in the coming months
+  while central banks appear resolved to use their muscle to
+  support the Paris accord.
+  
+
diff --git a/reuters/test/15444 b/reuters/test/15444
new file mode 100644
index 0000000000000000000000000000000000000000..8bfba107bf99756a63fbcd6a643ef5b82d64541f
--- /dev/null
+++ b/reuters/test/15444
@@ -0,0 +1,43 @@
+GERMAN MONEY MARKET SPLIT ON LOWER RATE PROSPECTS
+  Remarks by central bankers raised some
+  hopes the Bundesbank will cut rates on securities repurchase
+  pacts, but operators remained divided on the likelihood of a
+  move in the near term, money market dealers said.
+      Comments by Bundesbank board member Claus Koehler yesterday
+  that rate cuts were needed to curb money supply growth from
+  speculative capital inflows, and by West Berlin state central
+  bank president Dieter Hiss that there was no natural lower
+  limit to the discount rate had, however, no immediate impact.
+      Call money declined to 3.65/75 pct from 3.75/85 pct but the
+  drop was tied to extra liquidity in the market, dealers said.
+      Dealers said the Bundesbank's latest liquidity allotment
+  this week dashed some hopes of lower rates.
+      The Bundesbank allotted only 6.1 billion marks yesterday in
+  new liquidity in a repurchase pact at an unchanged rate of 3.80
+  pct, thus subtracting some 8.8 billion marks from the market,
+  as an outgoing 14.9 billion pact expired.
+      But some dealers said the smaller volume awarded by the
+  pact was in line with present liquid money market conditions,
+  and did not exlude a cut in the repurchase pact rate soon to
+  3.70 pct if money market rates continue at present levels.
+      The next opportunity for the Bundesbank to lower rates on
+  repurchase pacts will be in a tender expected next Tuesday.
+      Bundesbank officials have already said they favour more
+  discreet rate adjustments through repurchase pacts, rather than
+  the more public adjustment of leading rates.
+      The Bundesbank may either set a fixed allocation rate and
+  allow banks to tender for the volume, as has been the case
+  since it lowered its discount rate January 22, or else it may
+  allow banks to tender for the rate and set the volume itself.
+      Dealers expect volume of the tender to be lower than the
+  15.2 billion marks flowing out, to offset other incoming funds.
+      Some seven billion marks is expected to flow in next week.
+  This should then flow back into the market as it is deposited
+  with banks.
+      Banks were well supplied with liquidity, holding 61.5
+  billion marks in reserves at the Bundesbank on Tuesday.
+      Holdings of average daily reserves over the first seven
+  days of April stood at 59.6 billion marks, still above the
+  estimated 51 billion required for all of April.
+  
+
diff --git a/reuters/test/15446 b/reuters/test/15446
new file mode 100644
index 0000000000000000000000000000000000000000..1e59adc4633c7772fcddd082d3105f2b7800ecbd
--- /dev/null
+++ b/reuters/test/15446
@@ -0,0 +1,9 @@
+THAILAND TO RENEW LONG TERM SUGAR CONTRACTS -TRADE
+  Thailand is to negotiate tomorrow with
+  selected trade houses for renewal of long term raw sugar sales
+  contracts, to cover the next five years at a rate of 60,000
+  tonnes annually, traders said.
+      They also reported vague talk Algeria may be seeking 50,000
+  tonnes of raws tomorrow but details are unclear.
+  
+
diff --git a/reuters/test/15447 b/reuters/test/15447
new file mode 100644
index 0000000000000000000000000000000000000000..d4fc502a7634e46266f202ec55770be8ee55dcaf
--- /dev/null
+++ b/reuters/test/15447
@@ -0,0 +1,25 @@
+EC LAUNCHES ANTI-DUMPING PROBE ON JAPANESE CHIPS
+  The European Community launched an
+  investigation into allegations of dumping by Japanese
+  semiconductor makers in a move which diplomats said could mark
+  an intensification of world trade strains.
+      Tokyo already faces a deadline of April 17 from Washington
+  for the imposition of 300 mln dlrs worth of tariffs on chips it
+  imports into the U.S.
+      The EC Executive Commission said today the European
+  Electrical Component Manufacturers Association complained that
+  Japanese firms were selling high capacity EPROM type (erasable
+  programmable read only memory) chips at unfairly low prices.
+      Japan last year took 78 pct of the 170 mln dlr EC EPROM
+  market, up from 60 pct in 1984. The EC firms said they had been
+  forced to offer their products at a discount of up to 30 pct in
+  order to compete with the Japanese.
+      The Commission said it believed the Association had given
+  sufficient elements of proof for dumping to warrant an
+  investigation, which could lead it to impose duties if it found
+  the complaints were justified.
+      The Commission claims last year's accord between the U.S.
+  And Japan on microchip pricing gives U.S. Firms privileged
+  access to the Japanese market.
+  
+
diff --git a/reuters/test/15448 b/reuters/test/15448
new file mode 100644
index 0000000000000000000000000000000000000000..454e07b1b3a1d4fbad88f645684630104abcce5d
--- /dev/null
+++ b/reuters/test/15448
@@ -0,0 +1,10 @@
+SWISS TO LAUNCH NEW SERIES OF MONEY MARKET PAPER
+  The Swiss Federal Government will launch
+  a new series of three month money market certificates totalling
+  around 150 mln Swiss francs, the National Bank said.
+      Subscriptions close April 14 and payment date is April 16.
+      The last series of three month paper issued in March raised
+  147.3 mln francs at an issue price of 99.142 pct, giving an
+  average annual yield of 3.501 pct.
+  
+
diff --git a/reuters/test/15449 b/reuters/test/15449
new file mode 100644
index 0000000000000000000000000000000000000000..45c861a808917dcaf7a70d43c0bacf0d675ad5e3
--- /dev/null
+++ b/reuters/test/15449
@@ -0,0 +1,13 @@
+EUROPEAN MARKETS REACT QUIETLY TO G-7 COMMUNIQUE
+  European currency markets reacted quietly
+  to the G-7 communique, with comments from bankers and dealers
+  ranging from disappointment that it was not more concrete to
+  surprise that the markets should have expected so much.
+      The dollar opened lower against virtually all currencies
+  and traded in a narrow range after the communique, which
+  reaffirmed support for the Paris accord on currency
+  stabilisation but contained no moves to strengthen it.
+      Frankfurt and Zurich dealers saw the dollar staying broadly
+  entrenched in its current trading range.
+  
+
diff --git a/reuters/test/15450 b/reuters/test/15450
new file mode 100644
index 0000000000000000000000000000000000000000..1c2d1291e22b3332034172b3e7378e52f22fc0d1
--- /dev/null
+++ b/reuters/test/15450
@@ -0,0 +1,51 @@
+FINANCE MINISTERS AGREE ON NEED FOR STABILITY
+  Finance ministers from seven major
+  industrialized nations agreed on the need to stabilize
+  currencies at current levels but said more action was needed to
+  reduce trade imbalances and sustain economic growth.
+      In a communique issued after a four-hour meeting at the
+  U.S. Treasury that ended last night, the ministers said the
+  value of the dollar and other currencies was basically correct
+  now, and they welcomed new measures planned by the Japanese to
+  boost their economy.
+      West German Finance Minister Gerhard Stoltenberg called it
+  a "good meeting" and in brief remarks exchanged with reporters
+  other ministers seemed pleased with its outcome.
+      Shortly after the communique was issued and just as foreign
+  exchange trading opened in Tokyo, the Bank of Japan intervened
+  again to prevent the yen rising too quickly.
+      The communique said, "The ministers and governors reaffirmed
+  the commitment to the cooperative approach agreed at the recent
+  Paris meeting. They agreed, however, that further actions will
+  be essential to resist rising protectionist pressures, sustain
+  global economic expansion and reduce trade imbalances."
+      It welcomed the plans set this week by the Japan's ruling
+  Liberal Democratic Party to stimulate its economy with what the
+  communique termed "extraordinary and urgent measures" including
+  an "unprecedented front-end loading of public works
+  expenditures."
+      The meeting of the so-called Group of Seven brought
+  together ministers and central bank governors of the seven
+  major industrial democracies, the United States, Japan, West
+  Germany, France, Britain, Italy and Canada.
+      The communique said the ministers reaffirmed the commitment
+  on cooperation reached in a meeting on February 22 in Paris
+  when they had agreed to stabilize foreign exchange rates at the
+  then-current levels.
+      In the weeks that followed, the dollar continued to fall
+  against the Japanese yen despite massive dollar purchases by
+  the Bank of Japan and other central banks and is now trading at
+  around postwar lows.
+      Japan has come under growing criticism from both the United
+  States and European countries for its only modest efforts to
+  open its markets to outside competition and to reduce its
+  exports.
+      The communique said Japan affirmed its intention to open
+  domestic markets to foreign goods and services but did not
+  elaborate.
+      It said the officials "reaffirmed the view that around
+  current levels their currencies are within ranges broadly
+  consistent with economic fundamentals and the basic policy
+  intentions outlined at the Louvre meeting."
+  
+
diff --git a/reuters/test/15451 b/reuters/test/15451
new file mode 100644
index 0000000000000000000000000000000000000000..875e4a97b8cc0efcd64986d212729e840aa43836
--- /dev/null
+++ b/reuters/test/15451
@@ -0,0 +1,44 @@
+AEGON EXPECTS MODERATE RISE IN 1987 PROFITS
+  Dutch insurer AEGON NV <AEGN.AS>
+  reported a 6.4 pct increase in 1986 net profits to 327.1 mln
+  guilders and said it expected a moderate increase in profits
+  for 1987.
+      Total revenue was eight pct lower in 1986 at 7.97 billion
+  guilders vs 8.7 billion guilders in 1985. The company said its
+  revenues were down due to lower foreign exchange rates and a
+  change in accounting practice. It added that revenues would
+  have risen by about seven pct had those changes not occurred.
+      Revenue from Dutch operations rose five pct in 1986, mainly
+  due to its life insurance business.
+      Health insurance revenues in the Netherlands also rose
+  despite a notable shift to insurances with lower premiums and
+  higher personal risks.
+      Damage insurances made losses, mainly due to car damage
+  insurances. AEGON did not specify the loss.
+      In the United States, revenue in guilders from health and
+  life insurance was lower. AEGON said this was due to a change
+  in accounting for U.S. Annuities.
+      AEGON said annuities are subject to such strong personal
+  investment influences that it should be accounted differently
+  from the more traditional insurances.
+      This change in accounting practice and another change to
+  account for profits made on fixed interest investments,
+  resulted in an incidental rise in net profits of 31 mln
+  guilders.
+      AEGON said incidental negative influences on net profits
+  were slightly higher, being the lower dollar rate, high initial
+  costs for new products, and the cost of new headquarters in The
+  Hague.
+      In 1986, a large number of new insurance products emerged
+  in the Netherlands and the U.S., AEGON said. Large initial
+  costs for these products have depressed net profits somewhat.
+      Monumental Corp, a U.S. Insurer which merged with AEGON in
+  May 1986, saw its profits almost completely eroded by these
+  costs and made only a small contribution to the group's
+  profits.
+      AEGON said it has written-off 657 mln guilders in goodwill
+  for Monumental Corp.
+      AEGON's net equity was 2.71 billion guilders in December
+  1986, against 3.46 billion the year before.
+  
+
diff --git a/reuters/test/15452 b/reuters/test/15452
new file mode 100644
index 0000000000000000000000000000000000000000..ccfe7781344161231ce57cfbcaad1ffae19bea5a
--- /dev/null
+++ b/reuters/test/15452
@@ -0,0 +1,40 @@
+G-7 ISSUES STATEMENT AFTER MEETING
+  Following is the text of a statement
+  by the Group of Seven -- the U.S., Japan, West Germany, France,
+  Britain, Italy and Canada -- issued after a Washington meeting
+  yesterday.
+      1. The finance ministers and central bank governors of
+  seven major industrial countries met today.
+      They continued the process of multilateral surveillance of
+  their economies pursuant to the arrangements for strengthened
+  economic policy coordination agreed at the 1986 Tokyo summit of
+  their heads of state or government.
+      The managing director of the International Monetary Fund
+  also participated in the meeting.
+      2. The ministers and governors reaffirmed the commitment to
+  the cooperative approach agreed at the recent Paris meeting,
+  and noted the progress achieved in implementing the
+  undertakings embodied in the Louvre Agreement.
+      They agreed, however, that further actions will be
+  essential to resist rising protectionist pressures, sustain
+  global economic expansion, and reduce trade imbalances.
+      In this connection they welcomed the proposals just
+  announced by the governing Liberal Democratic Party in Japan
+  for extraordinary and urgent measures to stimulate Japan's
+  economy through early implementation of a large supplementary
+  budget exceeding those of previous years, as well as
+  unprecedented front-end loading of public works expenditures.
+      The government of Japan reaffirmed its intention to further
+  open up its domestic markets to foreign goods and services.
+      3. The ministers and governors reaffirmed the view that
+  around current levels their currencies are within ranges
+  broadly consistent with economic fundamentals and the basic
+  policy intentions outlined at the Louvre meeting.
+      In that connection they welcomed the strong implementation
+  of the Louvre Agreement.
+      They concluded that present and prospective progress in
+  implementing the policy undertakings at the Louvre and in this
+  statement provided a basis for continuing close cooperation to
+  foster the stability of exchange rates.
+  
+
diff --git a/reuters/test/15453 b/reuters/test/15453
new file mode 100644
index 0000000000000000000000000000000000000000..3ee39969e24970be7829f7f592446156e9920676
--- /dev/null
+++ b/reuters/test/15453
@@ -0,0 +1,40 @@
+G-7 WANTS TO SHOW MARKETS ITS RESOLVE - MIYAZAWA
+  Japanese Finance Minister Kiichi
+  Miyazawa said the Group of Seven (G-7) countries reaffirmed
+  their Paris accord on stabilising currencies to convince the
+  market of their resolve.
+      At a news conference after today's G-7 meeting, Miyazawa
+  said the ministers and central bank governors did not believe a
+  totally new statement was needed.
+      The speculative selling did not reflect economic
+  fundamentals, and since the fundamentals had not changed only a
+  reaffirmation of the goals of the Paris accord was needed, he
+  said.
+      He also noted that this test of the G-7 nations resolve had
+  concentrated on the yen, while other currencies, especially the
+  mark, had remained stable.
+      Miyazawa said any change in economic conditions since the
+  Paris accord was not worth being called fundamental.
+      "As I said at a time of Louvre (agreement), the expression
+  of 'current level' is rather vague idea," he said.
+      The yen's movement in the past several weeks is within the
+  range agreed in Paris in Febraury, he said.
+      It was better to give a vague expression than pin-pointing
+  a level, which could have an adverse impact on the market,
+  Miyazawa said.
+      Asked why only Japan was committed to fresh measures in the
+  statement, he said Japan was exceptional among the seven
+  because the yen appreciated against the dollar while other
+  major currencies largely have been stable.
+      He also said Japan's ruling Liberal Democratic Party has
+  justed adoped a package to reflate the economy while other
+  nations are not supposed to produce new measures in a short
+  period since the Paris agreement.
+      Miyazawa also said the U.S. sanctions against Japanese
+  semiconductor products was not discussed through the G-7
+  meeting and did not affect the currency talks.
+      The seven nations discussed the debt problems of developing
+  countries and ways to proceed in line with the debt initiative
+  outlined by U.S. Treasury Secretary James Baker 18 months ago.
+  
+
diff --git a/reuters/test/15454 b/reuters/test/15454
new file mode 100644
index 0000000000000000000000000000000000000000..63f4eac6b7877fb18f86644f3abf7ee2244ae9ca
--- /dev/null
+++ b/reuters/test/15454
@@ -0,0 +1,48 @@
+YEN SEEN RISING AFTER G-7 COMMUNIQUE
+  The yen is likely to start another
+  uneven rise against the dollar and other major currencies
+  because the Group of Seven communique contained nothing new,
+  currency and bond analysts here said.
+      "Is that it? I was expecting something more than that," said
+  one trader at a major Wall Street securities company.
+      Marc Cohen of Republic National Bank of New York said: "The
+  market now has the impetus to drive the dollar lower again."
+      The dollar hovered between 145.50 and 147 yen in the days
+  just before the talks. Dealers restrained their underlying
+  bearishness and squared positions ahead of Wednesday's meeting
+  of the finance ministers and central bankers of the top seven
+  industrialized nations in Washington.
+      After more than four hours of talks, the G-7 issued a
+  communique which merely reaffirmed the recent Paris agreement's
+  view that prevailing currency levels were broadly consistent
+  with economic fundamentals and that exchange rate stability
+  should be fostered around these levels.
+      The dollar sank to 144.75 yen in early Tokyo trading.
+      "They said that the dollar/yen rate was broadly in line with
+  fundamentals when it was 154. Now they are saying it's in line
+  when it's at 146. Will this still be so at 138 or 130?," asked
+  Republic's Cohen.
+      Japanese Finance Minister Kiichi Miyazawa fuelled
+  speculation about the amount of fluctuation the authorities are
+  prepared to tolerate by saying that the current yen level is
+  still inside the range agreed on in Paris in late February.
+      Official statements in recent weeks had indicated that the
+  key psychological level of 150 yen was at the lower end of the
+  authorities' permissible range.
+      Dealers and analysts warned that the dollar's decline would
+  probably be uneven. They anticipated a concerted effort to prop
+  up the dollar and restrain the yen via a mixture of open market
+  intervention and public comments.
+      Shortly after the Tokyo market opened today the Bank of
+  Japan was detected by local dealers buying moderate amounts of
+  dollars. The dollar rebounded to about 145.20 yen.
+      The sources said the market may also be wary of agressively
+  selling dollars for yen before Tuesday's February U.S. Trade
+  data. The figures are expected to show a deficit of 13 billion
+  dlrs, from a provisional 14.8 billion in January.
+  
+  
+  
+  
+  
+
diff --git a/reuters/test/15455 b/reuters/test/15455
new file mode 100644
index 0000000000000000000000000000000000000000..2b9de74f379a219acfd598ccf00418a8131ffee0
--- /dev/null
+++ b/reuters/test/15455
@@ -0,0 +1,24 @@
+JAPAN BUSINESS LEADERS SAY G-7 ACCORD IS WORRYING
+  The leaders of two of Japan's top business
+  groups said in separate statements the Group of Seven (G-7)
+  accord reached in Washington yesterday is of deep concern to
+  Japan because it shows the major industrial nations regard the
+  yen's current level as appropriate.
+      Eishiro Saito, chairman of the Federation of Economic
+  Organizations (Keidanren), said the yen's present rate is well
+  above adequate levels. He did not elaborate.
+      Takashi Ishihara, chairman of the Japan Committee for
+  Economic Development, said the accord will not prevent the yen
+  from rising further.
+      "We do not understand why the G-7 approved present rates as
+  the yen has risen excessively since the Paris accord," Ishihara
+  said.
+      G-7 members Britain, Canada, France, Italy, Japan, the U.S.
+  And West Germany said in a statement they consider their
+  currencies are now within ranges broadly consistent with
+  economic fundamentals.
+      Saito called on each G-7 member nation to prepare to
+  intervene in the market strongly enough to ensure exchange
+  rates are stabilised at appropriate levels.
+  
+
diff --git a/reuters/test/15457 b/reuters/test/15457
new file mode 100644
index 0000000000000000000000000000000000000000..bf9aff2017a242ed114e4db795cebd5ddcd6383e
--- /dev/null
+++ b/reuters/test/15457
@@ -0,0 +1,6 @@
+UNIFIRST CORP <UNF> SETS QUARTERLY
+  Qtly div five cts vs five cts prior
+      Pay July One
+      Record June 17
+  
+
diff --git a/reuters/test/15459 b/reuters/test/15459
new file mode 100644
index 0000000000000000000000000000000000000000..fdad559aee72f68b6837d719b5a170201342c92b
--- /dev/null
+++ b/reuters/test/15459
@@ -0,0 +1,11 @@
+<TRUMP PLAZA> 4TH QTR NET
+  Net profit 2,529,000 vs loss 1,066,000
+      Revs 59.0 mln vs 52.6 mln
+      Year
+      Net profit 15.4 mln vs profit 865,000
+      Revs 247.0 mln vs 231.1 mln
+      NOTE: Company became wholly owned and operated by Donald
+  Trump in May 1986, when he acquired 50 pct interest that had
+  been owned by former operator Holiday Corp <HIA>.
+  
+
diff --git a/reuters/test/15460 b/reuters/test/15460
new file mode 100644
index 0000000000000000000000000000000000000000..2f0cee6464bd21a15d96c430d61067dbe92667ed
--- /dev/null
+++ b/reuters/test/15460
@@ -0,0 +1,67 @@
+EUROPEAN MARKETS REACT QUIETLY TO G-7 COMMUNIQUE
+  European currency markets reacted quietly
+  to the G-7 communique, with comments from bankers and dealers
+  ranging from disappointment that it was not more concrete to
+  surprise that the markets should have expected so much.
+      The dollar opened lower against virtually all currencies
+  and traded in a narrow range after the communique, which
+  reaffirmed support for the Paris accord on currency
+  stabilisation but contained no moves to strengthen it.
+      Dealers in Frankfurt and Zurich saw the dollar remaining
+  broadly entrenched in its current trading range.
+      "The dollar is likely to stay within a range of 1.80 to 1.84
+  marks," said Gisela Steinhaeuser, senior dealer at Chase Bank
+  AG. She said there was some resistance to further climbs.
+      However, she said the dollar could break out of the range
+  with major surprises such as a worse-than-expected U.S.
+  Merchandise trade deficit, due next Tuesday.
+      Theodor Stadelmann, dealer with Bank Julius Baer and Co Ltd
+  in Zurich, said he expects the dollar to hold steady against
+  the mark and Swiss franc but to weaken further against the yen,
+  possibly to 140 yen.
+      A Milan banker shared Stadelmann's view, saying he expects
+  a dollar-yen range of 140-150 in the short term.
+      London traders said the G-7 communique failed to curb
+  underlying bearishness toward the dollar but this negative
+  sentiment was not yet strong enough to tempt interbank
+  operators to test the downside.
+      Concern that finance ministers and officials still in
+  Washington could issue more concrete statements in favour of
+  currency stabilisation kept players sidelined, along with
+  worries about provoking fresh central bank intervention in the
+  long term, the traders said.
+      Most Paris dealers expressed disappointment at the
+  communique, saying nothing has changed to reverse the dollar's
+  downward trend.
+      Traders in several centres said the market would look for
+  fresh opportunities to test the willingness of central banks to
+  defend current ranges, which the communique said were "broadly
+  consistent with economic fundamentals and the basic policy
+  intentions outlined at the Louvre meeting."
+      Dave Jouhin, senior dealer at Midland Bank in London, said
+  "They're going to put somebody's resolve to the test soon." The
+  U.S. February trade data may provide the trigger, dealers said.
+      However, some dealers said London-based operators would be
+  unlikely to open major positions next week ahead of the long
+  Easter weekend. They saw near-term technical support at 1.825
+  marks and 145 yen and resistance about 1.83 marks and 146 yen.
+      Chase Bank's Steinhaeuser and other Frankfurt dealers said
+  the G-7 communique guaranteed a relatively calm and stable
+  market for the foreseeable future compared with the extreme
+  volatility seen in the first few months of this year.
+      One dealer at a German bank said the wording of the
+  communique made clear the leading nations did not want a
+  further dollar drop, and this was supporting the dollar.
+      The German dealer saw the dollar gradually appreciating to
+  1.87 marks, broadly seen as its upper limit within the Louvre
+  accord's supposed currency target range.
+      A Swiss bank economist said he believed the markets were
+  ready for a period of "mainly sideways movement."
+      But Milan dealers were sceptical about the communique
+  contributing to greater stability.
+      "Nothing has changed substantially to give the dollar a big
+  boost," said one dealer, while another Italian banker said he
+  expects the dollar to trade between 1.77 and 1.87 German marks
+  in the next three months.
+  
+
diff --git a/reuters/test/15462 b/reuters/test/15462
new file mode 100644
index 0000000000000000000000000000000000000000..217a5d57dd934df274a044c95fdacc02b9a646a1
--- /dev/null
+++ b/reuters/test/15462
@@ -0,0 +1,12 @@
+WEST GERMAN BEET PLANTINGS DELAYED THREE WEEKS
+  Unseasonal cold weather has delayed
+  sugar beet plantings in West Germany by up to three weeks, the
+  agriculture ministry said.
+      A ministry spokesman said in some central areas, especially
+  in the Rhineland, farmers have taken advantage of warmer
+  weather and started plantings in the past two days.
+      West German planting intentions this year are put at
+  381,000 hectares, down from 390,500 ha last year, he said,
+  adding that the 1980/1985 average was 405,000 ha.
+  
+
diff --git a/reuters/test/15464 b/reuters/test/15464
new file mode 100644
index 0000000000000000000000000000000000000000..6a136078f860f504db83707a44fec1290392495d
--- /dev/null
+++ b/reuters/test/15464
@@ -0,0 +1,9 @@
+STEP-SAVER <CODA> SAYS WARRANT EXERCISED
+  Step-Saver Data Systems Inc
+  said Bergen-Richards Corp has exercised a warrant to buy
+  450,000 Step-Saver shares at two dlrs each.
+      It said warrants issued to the underwriter in its initial
+  public offering were exercised in March for an aggregate of
+  169,200 dlrs.
+  
+
diff --git a/reuters/test/15467 b/reuters/test/15467
new file mode 100644
index 0000000000000000000000000000000000000000..e44252f9e2f21aa85ba50a502cba0a086451529e
--- /dev/null
+++ b/reuters/test/15467
@@ -0,0 +1,12 @@
+COAST SAVINGS <CSA> IN TALKS ON BUYING BANK
+  Coast Savings and Loan Association
+  said it is in talks with the Federal Savings and Loan Insurance
+  Corp on the acquisition of Central Savings and Loan Association
+  of San Diego.
+      Central, which operates 46 branches, has been under
+  management guidance of the FSLIC since May 1985.
+      Coast said the acquisition would give it an entry into the
+  San Joaquin Valley market besides strengthening its presence in
+  the San Diego, Los Angeles and Orange Counties areas.
+  
+
diff --git a/reuters/test/15468 b/reuters/test/15468
new file mode 100644
index 0000000000000000000000000000000000000000..bfd429483a678b0b2895d75408c588d3e8dee385
--- /dev/null
+++ b/reuters/test/15468
@@ -0,0 +1,14 @@
+BRAMALL TO ACQUIRE GELCO FOR UP TO 26.3 MLN DLRS
+  <C.D. Bramall Plc> said in a statement
+  accompanying its annual results that it proposed to acquire
+  Gelco U.K. For some 26.3 mln dlrs.
+      Part of the cost will be met by the issue of 2.14 mln new
+  ordinary Bramall shares which are being placed at 265p each.
+      The acquisition will be satisfied by an initial payment of
+  some 25.3 mln dlrs in cash with further payments of 500,000
+  dlrs up to a maximum 26.3 mln dlrs. These further payments will
+  only be made if profits achieved by Gelco for the year ending
+  July 31, 1987 reach a certain level.
+      Bramall shares were trading 6p lower at 278p.
+  
+
diff --git a/reuters/test/15471 b/reuters/test/15471
new file mode 100644
index 0000000000000000000000000000000000000000..3e55490bb0898a6e33660154d6ee348a4812716a
--- /dev/null
+++ b/reuters/test/15471
@@ -0,0 +1,14 @@
+BELGIUM LAUNCHES BONDS WITH GOLD WARRANTS
+  The Kingdom of Belgium is launching 100
+  mln Swiss francs of seven year notes with warrants attached to
+  buy gold, lead mananger Credit Suisse said.
+      The notes themselves have a 3-3/8 pct coupon and are priced
+  at par. Payment is due April 30, 1987 and final maturity April
+  30, 1994.
+      Each 50,000 franc note carries 15 warrants. Two warrants
+  are required to allow the holder to buy 100 grammes of gold at
+  a price of 2,450 francs, during the entire life of the bond.
+      The latest gold price in Zurich was 2,045/2,070 francs per
+  100 grammes.
+  
+
diff --git a/reuters/test/15472 b/reuters/test/15472
new file mode 100644
index 0000000000000000000000000000000000000000..981b9c0728aad0623cb2285af9a3d734ff6c5a7d
--- /dev/null
+++ b/reuters/test/15472
@@ -0,0 +1,24 @@
+FAO SEES LOWER GLOBAL WHEAT, GRAIN OUTPUT IN 1987
+  The U.N. Food and Agriculture Organisation
+  (FAO) said global wheat and coarse grain output was likely to
+  fall in 1987 but supplies would remain adequate to meet demand.
+      FAO said in its monthly food outlook bulletin total world
+  grain output was expected to fall 38 mln tonnes to 1,353 mln in
+  1987, due mainly to unusually high winter losses in the Soviet
+  Union, drought in China and reduced plantings in North America.
+      World cereal stocks at the end of 1986/87 were forecast to
+  rise 47 mln tonnes to a record 452 mln tonnes, softening the
+  impact of reduced production. But stocks are unevenly
+  distributed, with about 50 pct held by the U.S.
+      "Thus the food security prospects in 1987/88 for many
+  developing countries, particularly in Africa, depend crucially
+  on the outcome of this year's harvests," FAO said.
+      FAO said world cereal supplies in 1986/87 were estimated at
+  a record 2,113 mln tonnes, about five pct higher than last
+  season and due mainly to large stocks and a record 1986
+  harvest, estimated at 1,865 mln tonnes.
+      FAO's forecast of 1986/87 world cereals trade was revised
+  upwards by eight mln tonnes to 179 mln due to the likelihood of
+  substantial buying by China and the Soviet Union.
+  
+
diff --git a/reuters/test/15476 b/reuters/test/15476
new file mode 100644
index 0000000000000000000000000000000000000000..48e73490c6e39ec9c3ae350ce90aeaa698f73b61
--- /dev/null
+++ b/reuters/test/15476
@@ -0,0 +1,9 @@
+CB AND T BANCSHARES INC <CBTB> 1ST QTR NET
+  Shr 27 cts vs 24 cts
+      Net 5,223,000 vs 4,682,000
+      Avg shrs 19.7 mln vs 19.4 mln
+      NOTE: Results reflected pooled acquisition of First
+  Community Bancshares Inc on March 31, 1987 and include Camden
+  Bancorp from January 31, 1987 purchase.
+  
+
diff --git a/reuters/test/15477 b/reuters/test/15477
new file mode 100644
index 0000000000000000000000000000000000000000..e9ab57a162ab1b25f1375cd11bf423bf6751e890
--- /dev/null
+++ b/reuters/test/15477
@@ -0,0 +1,7 @@
+XICOR INC <XICO> 1ST QTR MARCH 22 NET
+  Shr profit five cts vs loss 16 cts
+      Net profit 689,000 vs loss 1,910,000
+      Revs 12.3 mln vs 9,432,000
+      NOTE: 1987 net includes 276,000 dlr tax credit.
+  
+
diff --git a/reuters/test/15478 b/reuters/test/15478
new file mode 100644
index 0000000000000000000000000000000000000000..15a6cf087415eb38a9740f0f9bfb241ce917b2f6
--- /dev/null
+++ b/reuters/test/15478
@@ -0,0 +1,14 @@
+GEORGE WIMPEY SAYS BENEFITS OF RESTRUCTURING SEEN
+  George Wimpey Plc <WMPY.L> said  the
+  outlook for 1987 looked encouraging as the company realised the
+  continuing benefits of restructuring.
+      It said its overall financial position showed further
+  improvement in 1986 and the reshaping of its U.K. Business into
+  clearly defined and activity related divisions had been
+  successfully achieved.
+      Wimpey was commenting in a statement on its 1986 results
+  which showed pretax profits up 42 pct to 66.5 mln stg.
+      The group had a good overall year in North America, the
+  company said in a statement.
+  
+
diff --git a/reuters/test/15479 b/reuters/test/15479
new file mode 100644
index 0000000000000000000000000000000000000000..fcd49f1e7426571a579b6e7b83f901d8151e135b
--- /dev/null
+++ b/reuters/test/15479
@@ -0,0 +1,12 @@
+C.O.M.B. <CMCO> MAKES ACQUISITION
+  C.O.M.B. Co said it has acquired
+  the principal assets of National Tech Industries Inc and Telkom
+  Corp, which are engaged in the sale and telemarketing of
+  consumer electronic merchandise and do business as House of
+  Imports and N.L. Industries respectively.
+      The company said it paid a total of 8,700,000 dlrs,
+  including the assumption of liabilities.
+      National Tech had sales of about 23 mln dlrs for 1986, it
+  said.
+  
+
diff --git a/reuters/test/15481 b/reuters/test/15481
new file mode 100644
index 0000000000000000000000000000000000000000..67bd26e0cd58fb2a8fc1bc2f41e2fbe8d5fcfb2f
--- /dev/null
+++ b/reuters/test/15481
@@ -0,0 +1,14 @@
+BELGIUM LAUNCHES BONDS WITH GOLD WARRANTS
+  The Kingdom of Belgium is launching 100
+  mln Swiss francs of seven year notes with warrants attached to
+  buy gold, lead manager Credit Suisse said.
+      The notes themselves have a 3-3/8 pct coupon and are priced
+  at par. Payment is due April 30, 1987, and final maturity April
+  30, 1994.
+      Each 50,000 franc note carries 15 warrants. Two warrants
+  are required to allow the holder to buy 100 grammes of gold at
+  a price of 2,450 francs, during the entire life of the bond.
+      The latest gold price in Zurich was 2,045/2,070 francs per
+  100 grammes.
+  
+
diff --git a/reuters/test/15482 b/reuters/test/15482
new file mode 100644
index 0000000000000000000000000000000000000000..f84c5a3e91ff2ea3710cccfcb85c38a7e520a33c
--- /dev/null
+++ b/reuters/test/15482
@@ -0,0 +1,10 @@
+DATATRAK INC <DTRK> 3RD QTR FEB 28 NET
+  Shr profit nil vs profit nil
+      Net profit 27,622 vs profit 5,556
+      Sales 1,031,306 vs 840,906
+      Nine mths
+      Shr loss one ct vs loss two cts
+      Net loss 195,095 vs loss 445,379
+      Sales 2,702,085 vs 2,219,961
+  
+
diff --git a/reuters/test/15483 b/reuters/test/15483
new file mode 100644
index 0000000000000000000000000000000000000000..3b9ccb237ea5667fcd4617076412f32d6eebfc85
--- /dev/null
+++ b/reuters/test/15483
@@ -0,0 +1,14 @@
+MIYAZAWA SAYS YEN STILL INSIDE PARIS RANGE
+  Japanese Finance Minister Kiichi
+  Miyazawa said the strengthening of the yen against the dollar
+  since the Paris Agreement was within the range agreed in the
+  Louvre discussions.
+      "I would say that what has happened (to the yen) in the past
+  several weeks was not outside the range we agreed to in the
+  discussions in Paris," Miyazawa told a press conference
+  following the Group of Seven meeting here.
+      He said the current discussions were a "reaffirmation" of
+  that agreement, saying the "solidarity" that occurred in Paris
+  was still in place.
+  
+
diff --git a/reuters/test/15484 b/reuters/test/15484
new file mode 100644
index 0000000000000000000000000000000000000000..3f93b2a25009b29b010517fb0882b3f61d6c1975
--- /dev/null
+++ b/reuters/test/15484
@@ -0,0 +1,17 @@
+TODD SHIPYARDS <TOD> STRUCK ON WEST COAST
+  Todd Shipyards Corp said
+  production workers represented by the multi-union Pacific Coast
+  Metal Trades District Council at its San Francisco division
+  struck on April Six.
+      It said negotiations are expected to resume at the end of
+  this month.
+      Todd also said the collective bargaining division in effect
+  at its Galveston Division expires April 17, and negotiations
+  with the Galveston Metal Trades Council are continuing.
+      The company said results of balloting on a new collective
+  bargaining agreement proposal in its Seattle Division are
+  expected to be tabulated at the close of business tomorrow.
+      The Pacific Coast Council has recommended acceptance of
+  that proposal by membership, Todd said.
+  
+
diff --git a/reuters/test/15485 b/reuters/test/15485
new file mode 100644
index 0000000000000000000000000000000000000000..fa382253f39919861971e672f671d3fa125a54b8
--- /dev/null
+++ b/reuters/test/15485
@@ -0,0 +1,12 @@
+U.S. FIRST TIME JOBLESS CLAIMS FELL IN WEEK
+  New applications for unemployment
+  insurance benefits fell to a seasonally adjusted 338,000 in the
+  week ended March 28 from 355,000 in the prior week, the Labor
+  Department said.
+      The number of people actually receiving benefits under
+  regular state programs totaled 2,436,000 in the week ended
+  March 21, the latest period for which that figure was
+  available.
+      That was down from 2,480,000 the previous week.
+  
+
diff --git a/reuters/test/15487 b/reuters/test/15487
new file mode 100644
index 0000000000000000000000000000000000000000..70cbfc76a2e258e726ec88b368a6844b296c6dab
--- /dev/null
+++ b/reuters/test/15487
@@ -0,0 +1,7 @@
+CLEVITE INDUSTRIES SAYS J.P. INDUSTRIES OFFERED 13.50
+DLRS A SHARE TO BUY COMPANY
+
+  CLEVITE INDUSTRIES SAYS J.P. INDUSTRIES OFFERED 13.50
+  DLRS A SHARE TO BUY COMPANY
+  
+
diff --git a/reuters/test/15489 b/reuters/test/15489
new file mode 100644
index 0000000000000000000000000000000000000000..20b12d1df8c0c55382c17a8af44f27d9fa606b62
--- /dev/null
+++ b/reuters/test/15489
@@ -0,0 +1,12 @@
+SUNTRUST BANKS INC <STI> 1ST QTR NET
+  Shr 54 cts vs 49 cts
+      Net 70.2 mln vs 64.0 mln
+      NOTE: Share adjusted for two-for-one split in July 1986.
+      Results restated for pooled acquisition of Third NAtional
+  Corp in December 1986.
+      Net chargeoffs 15.0 mln dlrs vs 14.2 mln dlrs.
+      Assets 25.8 billion dlrs, up 7.2 pct from a year earlier,
+  deposits 21.1 billion, up 9.4 pct, and loans 17.1 billion dlrs,
+  up 17.2 pct.
+  
+
diff --git a/reuters/test/15494 b/reuters/test/15494
new file mode 100644
index 0000000000000000000000000000000000000000..7d6750bf68d3ce95ce004d58c2f3ca1c9e31c321
--- /dev/null
+++ b/reuters/test/15494
@@ -0,0 +1,10 @@
+INTERNATIONAL THOMSON TO REPORT IN U.S. FUNDS
+  <International Thomson Organisation Ltd>
+  said it will report financial results in U.S. funds rather than
+  sterling, beginning from Jan 1, 1987.
+      It said the change will not be applied retroactively to
+  prior financial periods.
+      The company said as a result of recent investments, most of
+  its assets now are located in the United States.
+  
+
diff --git a/reuters/test/15495 b/reuters/test/15495
new file mode 100644
index 0000000000000000000000000000000000000000..9bce9d03f262ab39963d0b73948b9a95fabc52f5
--- /dev/null
+++ b/reuters/test/15495
@@ -0,0 +1,10 @@
+PHILIP CROSBY ASSOCIATES INC <PCRO> 4TH QTR NET
+  Shr three cts vs 18 cts
+      Net 220,000 vs 1,250,000
+      Revs 11.8 mln vs 9,430,000
+      Year
+      Shr 45 cts vs 69 cts
+      Net 3,400,000 vs 4,037,274
+      Revs 45.1 mln vs 34.3 mln
+  
+
diff --git a/reuters/test/15496 b/reuters/test/15496
new file mode 100644
index 0000000000000000000000000000000000000000..b6e0b750104847768a5bd380060a8c44335cf64c
--- /dev/null
+++ b/reuters/test/15496
@@ -0,0 +1,9 @@
+COLONIAL AMERICAN BANKSHARES CORP <CABK> 1ST QTR
+  Shr 52 cts vs 40 cts
+      Qtly div 18 cts vs 15 cts prior
+      Net 793,740 vs 603,661
+      NOTE: Share adjusted for 10 pct stock dividend in November
+  1986.
+      Dividend pay May One, record April 25.
+  
+
diff --git a/reuters/test/15500 b/reuters/test/15500
new file mode 100644
index 0000000000000000000000000000000000000000..56f29a279fc6f8f9bd00c2dd35d34ef4dd5b9dec
--- /dev/null
+++ b/reuters/test/15500
@@ -0,0 +1,16 @@
+RPT - ARGENTINE GRAIN/OILSEED EXPORT PRICES ADJUSTED
+  The Argentine Grain Board adjusted
+  minimum export prices of grain and oilseed products in dlrs per
+  tonne FOB, previous in brackets, as follows:
+      Sorghum 64 (63), sunflowerseed cake and expellers 103 (102)
+  , pellets 101 (100), meal 99 (98), linseed oil 274 (264),
+  groundnutseed oil 450 (445), soybean oil 300 (290), rapeseed
+  oil 290 (280).
+      Sunflowerseed oil for shipment through May 323 (313) and
+  june onwards 330 (320).
+      The board also adjusted export prices at which export taxes
+  are levied in dlrs per tonne FOB, previous in brackets, as
+  follows:
+      Bran pollard wheat 40 (42), pellets 42 (44).
+  
+
diff --git a/reuters/test/15501 b/reuters/test/15501
new file mode 100644
index 0000000000000000000000000000000000000000..dc4e66602f00cbf2c2c0e90f810022f2b2bbc521
--- /dev/null
+++ b/reuters/test/15501
@@ -0,0 +1,18 @@
+CLEVITE <CLEV> GETS 13.50 DLR/SHR OFFER
+  Clevite Industries Inc said it
+  received a written proposal from J.P. Industries Inc <JPI>
+  seeking to buy all of its outstanding shares for 13.50 dlrs a
+  share.
+      Clevite's stock was trading on NASDAQ at 13-1/4.
+      J.P. Industries recently completed the acquisition of
+  Clevite's Engine Parts Division.
+      J.P. Industries said its proposed transaction would be
+  financed through borrowings under its available bank lines and
+  a bridge financing facility which Donaldson Lufkin and Jenrette
+  Securities Corp agreed to arrange.
+      To expedite the transaction, J.P. Industries said it would
+  be willing to start a cash tender for Clevite's shares within
+  five days after agreeing upon a definitive merger and
+  confirmation of Clevite's financial results and condition.
+  
+
diff --git a/reuters/test/15503 b/reuters/test/15503
new file mode 100644
index 0000000000000000000000000000000000000000..2cb39eb990a886366ee31c697b55251c72b9c272
--- /dev/null
+++ b/reuters/test/15503
@@ -0,0 +1,17 @@
+JAPAN BUSINESS LEADERS SAY G-7 ACCORD WORRYING
+  The leaders of two of Japan's top business
+  groups said in separate statements the Group of Seven (G-7)
+  accord reached in Washington yesterday is of deep concern to
+  Japan because it shows the major industrial nations regard the
+  yen's current level as appropriate.
+      Eishiro Saito, chairman of the Federation of Economic
+  Organizations (Keidanren), said the yen's present rate is well
+  above adequate levels. He did not elaborate.
+      Takashi Ishihara, chairman of the Japan Committee for
+  Economic Development, said the accord will not prevent the yen
+  from rising further.
+      "We do not understand why the G-7 approved present rates as
+  the yen has risen excessively since the Paris accord," Ishihara
+  said.
+  
+
diff --git a/reuters/test/15504 b/reuters/test/15504
new file mode 100644
index 0000000000000000000000000000000000000000..1f7b7ffa22d883962f3d18e39405ae8e7f7423b0
--- /dev/null
+++ b/reuters/test/15504
@@ -0,0 +1,12 @@
+ARGENTINE CATTLE MARKET REPORT
+  ABOUT 3,314 HEAD OF CATTLE WERE
+  AUCTIONED IN LINIERS CATTLE MARKET, AGAINST 13,952 ON WEDNESDAY
+  AND 9,217 LAST THURSDAY, TRADE SOURCES SAID.
+      MAXIMUN PRICES, IN AUSTRALES PER KILO, WITH DOLLAR
+  EQUIVALENT IN BRACKETS, INCLUDED:
+                                 TODAY     WEDNESDAY
+      STEERS OVER 480 KILOS   1.02(0.658) 1.015(0.654)
+      STEERS 460 TO 480 KILOS 1.05(0.677) 1.032(0.665)
+      COWS FOR CANNING        0.56(0.361) 0.56 (0.361) REUTER
+  
+
diff --git a/reuters/test/15510 b/reuters/test/15510
new file mode 100644
index 0000000000000000000000000000000000000000..8ec3e2c2a53f2f8aec8ba05f1ccdb1418ea3fc75
--- /dev/null
+++ b/reuters/test/15510
@@ -0,0 +1,6 @@
+U.K. MONEY MARKET DEFICIT REVISED DOWNWARD
+  The Bank of England said it has revised
+  its estimate of today's shortfall to 350 mln stg from 400 mln,
+  before taking account of 103 mln stg morning assistance.
+  
+
diff --git a/reuters/test/15511 b/reuters/test/15511
new file mode 100644
index 0000000000000000000000000000000000000000..eee676509a12282c6bbea1c6469ab567a0a43260
--- /dev/null
+++ b/reuters/test/15511
@@ -0,0 +1,33 @@
+PHYSIO TECHNOLOGY <PHYT> SEES LOSS, IN DEFAULT
+  Physio Technology Inc said it
+  expects to have a third quarter, ended March 31, loss of about
+  200,000 dlrs and is in default on its bank loan because of the
+  resignation of chairman and chief executive officer.
+      The company said the loss followed four quarters of modest
+  profits. In the year ago quarter it earned 11,000 dlrs, or one
+  cent a share. For the first half of fiscal 1987, it reported a
+  profit of 42,000 dlrs, or two cts a share, compared to a year
+  earlier loss of 294,000 dlrs, or 17 cts a share.
+      It said President Michael R. Hall will assume the duties of
+  chief executive officer.
+      Physio Technology said the resignation of Chairman James C.
+  Lane can constitute non-compliance with its Series A
+  convertible subordinated debentures due 1996 and a default
+  under its agreement with the Merchants Bank of Kansas City.
+      It explained a declaration of non-compliance under the
+  debentures would create a a default under the loan agreements
+  requiring immediate payment of 1.8 mln dlrs of debentures and
+  about 450,000 dlrs outstanding under the bank credit line.
+      The company said the debenture holders intend to waive the
+  non-compliance, but reserve the right to withdraw the waiver at
+  the end of any 30 day period.
+      Physio Technology said it is changing its field sales force
+  to independent representatives and dealers from employees to
+  "significantly reduce its fixed overhead."
+      Its statement did not indicate how many employees would be
+  affected by the move.
+      The company said Lane will become an independent dealter
+  for the company in certain midwestern states. He will continue
+  to serve as a director, it added.
+  
+
diff --git a/reuters/test/15515 b/reuters/test/15515
new file mode 100644
index 0000000000000000000000000000000000000000..7e39be2d45fb08986560f0fc56136f5f50073d7f
--- /dev/null
+++ b/reuters/test/15515
@@ -0,0 +1,11 @@
+WASHINGTON FEDERAL SAVINGS <WFSL> 2ND QTR NET
+  Qtr ends March 31
+      Shr one dlr vs 76 cts
+      Net 11.9 mln vs 8,929,000
+      Six mths
+      Shr 1.92 dlrs vs 1.43 dlrs
+      Net 22.8 mln vs 16.8 mln
+      NOTE: full name of bank is washington federal savings and
+  loan association.
+  
+
diff --git a/reuters/test/15520 b/reuters/test/15520
new file mode 100644
index 0000000000000000000000000000000000000000..91466545738166d4748731f580190b699fd6a0d9
--- /dev/null
+++ b/reuters/test/15520
@@ -0,0 +1,19 @@
+U.S. ENERGY FUTURES CALLED UNCHANGED TO LOWER
+  Traders expect U.S. energy futures will
+  open unchanged to slightly lower this morning with support near
+  yesterday's lows.
+      Crude futures are called unchanged to five cts weaker
+  tracking unchanged domestic crudes and North Sea Brent crude,
+  which traded at 18.01 dlrs a barrel today, about ten cts below
+  yesterday's New York close.
+      Traders said the supply squeeze in 15-day forward April
+  Brent appears to have ended.
+      Product futures, which fell sharply yesterday, are due to
+  open unchanged to 0.25 cent lower, traders said.
+      Traders expect some followthrough selling in products but
+  said gasoil futures in London will probably lend some support
+  since they are trading as expected. May gasoil futures were off
+  1.50 dlrs a tonne this morning while June was down 1.25 dlrs in
+  thin conditions.
+  
+
diff --git a/reuters/test/15521 b/reuters/test/15521
new file mode 100644
index 0000000000000000000000000000000000000000..0dcd13ead69da868516e105e49b455e01c29945f
--- /dev/null
+++ b/reuters/test/15521
@@ -0,0 +1,9 @@
+PONCE FEDERAL BANK F.S.B. <PFBS> 1ST QTR NET
+  Shr 63 cts vs 89 cts
+      Net 3,425,216 vs 3,370,682
+      Avg shrs 5,421,330 vs 3,803,425
+      NOTE: net for both qtrs reflects gains on sales of
+  securities of 1,755,137, or 51 pct of net, in 1987; and
+  3,001,222, or 89 pct of net in 1986.
+  
+
diff --git a/reuters/test/15522 b/reuters/test/15522
new file mode 100644
index 0000000000000000000000000000000000000000..07f0604e902e94b9cc64c317e1954e0442081858
--- /dev/null
+++ b/reuters/test/15522
@@ -0,0 +1,7 @@
+ BUNDESBANK SEES NO REASON TO CHANGE MONETARY COURSE -
+VICE-PRESIDENT SCHLESINGER
+
+   BUNDESBANK SEES NO REASON TO CHANGE MONETARY COURSE -
+  VICE-PRESIDENT SCHLESINGER
+  
+
diff --git a/reuters/test/15523 b/reuters/test/15523
new file mode 100644
index 0000000000000000000000000000000000000000..b2be50f47b08f4c5b2905eb6cbf614398ec339a9
--- /dev/null
+++ b/reuters/test/15523
@@ -0,0 +1,11 @@
+U.K. MONEY MARKET DEFICIT REMOVED
+  The Bank of England said it has satisfied
+  its revised estimate of today's shortfall in the money market,
+  providing 261 mln stg assistance in afternoon operations.
+      The Bank bought in band one, 60 mln stg bank bills at 9-7/8
+  pct and in band two 200 mln stg bank bills and one mln stg
+  treasury bills at 9-13/16 pct. This brings the total help so
+  far today to 364 mln stg, compared with its deficit estimate of
+  350 mln stg.
+  
+
diff --git a/reuters/test/15527 b/reuters/test/15527
new file mode 100644
index 0000000000000000000000000000000000000000..e8ca23ae685a6e010ff32c86bbcaa9726fbd7801
--- /dev/null
+++ b/reuters/test/15527
@@ -0,0 +1,14 @@
+LEBANESE POUND FALLS SHARPLY AGAINST DOLLAR
+  The Lebanese Pound fell sharply against
+  the U.S. Dollar again today with dealers attributing the
+  decline to continued political uncertainty.
+      The pound closed at 118.25/118.75 against the dollar
+  compared to yesterday's close of 115.60/115.80.
+      "Political deadlock is reflected in the pound's position.
+  There was more demand and less on offer in the market," one
+  dealer told Reuters.
+      The pound, which was at 18 to the dollar in January, 1986,
+  has lost more than 30 pct of its international value over the
+  past three months.
+  
+
diff --git a/reuters/test/15528 b/reuters/test/15528
new file mode 100644
index 0000000000000000000000000000000000000000..36a645cfae336ce6c4965ca309813450029f6052
--- /dev/null
+++ b/reuters/test/15528
@@ -0,0 +1,7 @@
+BROWN BOVERI UND CIE AG LIFTS 1986 DIVIDEND
+  Dividend on 1986 business 12 marks per share vs seven
+  marks.
+      (Company is a subsidiary of Switzerland's BBC AG Brown
+  Boveri und Cie <BBCZ.Z>).
+  
+
diff --git a/reuters/test/15531 b/reuters/test/15531
new file mode 100644
index 0000000000000000000000000000000000000000..04b379084adc3065a76418dbdcb4bf824f7c3920
--- /dev/null
+++ b/reuters/test/15531
@@ -0,0 +1,27 @@
+LONDON FREIGHT MARKET FEATURES GRAIN OUT OF U.S.
+  Moderately active grain fixing was
+  reported out of the U.S. But none of the business involved the
+  significant voyages to the Continent or Japan, ship brokers
+  said.
+      A steady 13.50 dlrs was paid from the U.S. Gulf to Morocco
+  and 23.25 dlrs was paid for 27,000 long tons from the Gulf to
+  Taiwan. A vessel carrying 13,500 long tons of bagged wheat
+  flour from the Gulf to Aqaba received a lump sum of 472,500
+  dlrs.
+      Grain from the Great Lakes to Algeria made 28 dlrs against
+  27.75 paid for similar fixing towards the end of March.
+      Market talk suggested a Federal Commerce vessel had been
+  booked to move grain from the Great Lakes to Morocco on Comanav
+  account at about 22 dlrs and 15.50 had been paid for a cargo of
+  oilseeds from British Columbia to Japan, but no confirmation
+  was obtainable.
+      On the Continent, shippers agreed 19 dlrs for wheat from La
+  Pallice to Buenaventura and 10.75 dlrs for grain from Ghent to
+  Naples/Venice range. Elsewhere, maize from East London to Japan
+  paid 22 dlrs.
+      Soviet charterers reappeared in the timecharter sector and
+  secured a 30,000 tonner from Savona for a trans-Atlantic round
+  trip at 4,450 dlrs daily and a 31,000 tonner from
+  Antwerp-Hamburg for a similar voyage at 4,250 dlrs daily.
+  
+
diff --git a/reuters/test/15532 b/reuters/test/15532
new file mode 100644
index 0000000000000000000000000000000000000000..8f40574d761208a99cb1749c6f56dfc9681e62f5
--- /dev/null
+++ b/reuters/test/15532
@@ -0,0 +1,9 @@
+HOG AND CATTLE SLAUGHTER GUESSTIMATES
+  Chicago Mercantile Exchange floor
+  traders and commission house representatives are guesstimating
+  today's hog slaughter at about 287,000 to 295,000 head versus
+  292,000 week ago and 322,000 a year ago.
+      Cattle slaughter is guesstimated at about 124,000 to
+  128,000 head versus 129,000 week ago and 134,000 a year ago.
+  
+
diff --git a/reuters/test/15535 b/reuters/test/15535
new file mode 100644
index 0000000000000000000000000000000000000000..54185c93c99e8987a020208f4dff9f3693a191f8
--- /dev/null
+++ b/reuters/test/15535
@@ -0,0 +1,5 @@
+WHIRLPOOL CORP 1ST QTR SHR 66 CTS VS 67 CTS
+
+  WHIRLPOOL CORP 1ST QTR SHR 66 CTS VS 67 CTS
+  
+
diff --git a/reuters/test/15536 b/reuters/test/15536
new file mode 100644
index 0000000000000000000000000000000000000000..060cb8b81bff4139d3ce0a0fa3507a2548bff6c3
--- /dev/null
+++ b/reuters/test/15536
@@ -0,0 +1,9 @@
+BRAZILIAN SOY RAINFALL
+  THE FOLLOWING RAINFALL WAS RECORDED IN
+  THE 24 HOURS UP TO (1200) GMT TODAY
+      PARANA STATE: CASCAVEL NIL, PONTA GROSSA NIL,CAMPO MOURAO
+  NIL, LONDRINA NIL, MARINGA NIL.
+      RIO GRANDO DO SUL STATE: PASSO FUNDO NIL, SANTA MARIA 7.0
+  MILLIMETRES, CRUZ ALTA 8.5 MM, SAO LUIZ GONZAGA 4.4 MM. REUTER
+  
+
diff --git a/reuters/test/15539 b/reuters/test/15539
new file mode 100644
index 0000000000000000000000000000000000000000..17c77b228d884ef2fea534973dd506f948bf54f5
--- /dev/null
+++ b/reuters/test/15539
@@ -0,0 +1,41 @@
+BUNDESBANK SEES NO CHANGE IN MONETARY COURSE
+  The Bundesbank sees no current reason
+  to change monetary course, vice-president Helmut Schlesinger
+  told Reuters in a telephone interview.
+      Schlesinger was responding to questions following remarks
+  yesterday by Bundesbank board member Claus Koehler and West
+  Berlin state central bank president Dieter Hiss, which, dealers
+  said, revived some speculation that German interest rate cuts
+  may once again be under discussion.
+      Schlesinger said he had no comment on the remarks of his
+  two central bank council colleagues.
+      But he added that the last central bank council meeting on
+  April 2 had discussed the economic situation with a mood of
+  "subdued optimism," particularly influenced by the news brought
+  by several state central bank presidents.
+      "Much is going better than the impression gained by the
+  public from the January figures, which have been in the
+  meantime superseded," he said.
+      German January industrial output fell 3.0 pct after a
+  decline of 0.9 pct in December. New industry orders fell 1.9
+  pct after they had been unchanged in December.
+      Bank economists said that the two together showed the
+  economy would either stagnate or contract in the first quarter
+  of 1987.
+      Aside from the economic developments, Schlesinger added, a
+  steady monetary course was important to hold the dollar/mark
+  rate around current levels as Bundesbank president Karl Otto
+  Poehl had said while attending the Washington World Bank/IMF
+  meeting.
+      Asked, however, if the Bundesbank could move to cut rates
+  on repurchase agreements at the setting of the next repurchase
+  tender, due next Tuesday, Schlesinger said, "Since the central
+  bank council gives its opinion on this theme only every 14
+  days, this is hardly probable."
+      Responding to the question whether the Bundesbank had moved
+  away from a policy of targetting monetary growth toward one of
+  targetting currency rates, Schlesinger said he could have no
+  comment on the subject while negotiations were still in
+  progress in Washington.
+  
+
diff --git a/reuters/test/15540 b/reuters/test/15540
new file mode 100644
index 0000000000000000000000000000000000000000..9abbc187e72ab6b862f33bb6f00577f061e102b9
--- /dev/null
+++ b/reuters/test/15540
@@ -0,0 +1,10 @@
+BRAZILIAN COFFEE RAINFALL
+  THE FOLLOWING RAINFALL WAS RECORDED IN
+  THE AREAS OVER THE PAST 24 HOURS
+      PARANA STATE: UMUARAMA NIL, PARANAVAI NIL, LONDRINA NIL,
+  MARINGA NIL.
+      SAO PAULO STATE PRESIDENTE PRUDENTE NIL, VOTUPORANGA NIL,
+  FRANCA NIL, CATANDUVA NIL, SAO CARLOS NIL, SAO SIMAO NIL.
+      MINAS GERAIS STATE: GUAXUPE NIL, TRES PONTAS NIL. REUTER
+  
+
diff --git a/reuters/test/15542 b/reuters/test/15542
new file mode 100644
index 0000000000000000000000000000000000000000..c1f197027ff8bed24c8c63192e93dedf07c4ce86
--- /dev/null
+++ b/reuters/test/15542
@@ -0,0 +1,7 @@
+E.F. HUTTON LBO INC SAID TENDER OFFER BY PC ACQUISITTION
+FOR PUROLATOR COURIER EXPIRED
+
+  E.F. HUTTON LBO INC SAID TENDER OFFER BY PC ACQUISITTION
+  FOR PUROLATOR COURIER EXPIRED
+  
+
diff --git a/reuters/test/15543 b/reuters/test/15543
new file mode 100644
index 0000000000000000000000000000000000000000..0ca779352251ef0970a28f1c50d74e6238f449da
--- /dev/null
+++ b/reuters/test/15543
@@ -0,0 +1,16 @@
+WORLD BANK TO SUPPORT SRI LANKA IF DEFICITS CUT
+  The World Bank will support Sri Lanka's
+  development program provided the country reduces its budget and
+  current account deficits, the Ministry of Finance said.
+      It said Bank President Barber Conable at a meeting with Sri
+  Lanka's Finance Minister Ronnie de Mel in Washington also
+  emphasised the need for structural adjustment and reform to the
+  economy, battered by five years of separatist disturbances.
+      Officials said Sri Lanka's budget deficit this year is
+  expected to surpass the projected 28.7 billion rupees while
+  defence spending, already up by two billion rupees from a
+  targetted 10 billion, is also likely grow.
+      The Ministry said de Mel asked the World Bank to give Sri
+  Lanka 6.5 billion rupees balance of payments support.
+  
+
diff --git a/reuters/test/15544 b/reuters/test/15544
new file mode 100644
index 0000000000000000000000000000000000000000..00ee2dc4ff355f8041a83902c1eab551ceedf178
--- /dev/null
+++ b/reuters/test/15544
@@ -0,0 +1,7 @@
+E.F. HUTTON LBO INC SAYS UNIT TERMINATES MERGER AGREEMENT
+WITH PUROLATOR COURIER
+
+  E.F. HUTTON LBO INC SAYS UNIT TERMINATES MERGER AGREEMENT
+  WITH PUROLATOR COURIER
+  
+
diff --git a/reuters/test/15545 b/reuters/test/15545
new file mode 100644
index 0000000000000000000000000000000000000000..9701606c944bf017de9805116933a6f7218239ad
--- /dev/null
+++ b/reuters/test/15545
@@ -0,0 +1,14 @@
+GEMINA HAS NO COMMENT ON AMBROSIANO REPORT
+  Holding company <Gemina Spa> said it had
+  no comment on an Italian press report today that it has
+  acquired a 12 pct stake in <Nuovo Banco Ambrosiano Spa>.
+      Italian daily La Repubblica said that Gemina paid 205
+  billion lire for the shareholding from several Italian banks. A
+  Gemina spokeswoman told Reuters, "We have nothing to say about
+  the report."
+      A spokeswoman for Milan-based Ambrosiano said, "We have no
+  information at this time." In February, Ambrosiano chairman
+  Giovanni Bazoli said foreign and domestic firms have expressed
+  interest in buying stakes in the bank.
+  
+
diff --git a/reuters/test/15547 b/reuters/test/15547
new file mode 100644
index 0000000000000000000000000000000000000000..919d7ffddc3d93239432ad1b2d428602504ddfc6
--- /dev/null
+++ b/reuters/test/15547
@@ -0,0 +1,11 @@
+VOLKSWAGEN DIVIDEND UNCHANGED ON 1986
+  Dividend on 1986 business unchanged at 10 marks per
+  ordinary share. Company also set dividend of 11 marks for new
+  preference shares, which were issued last year.
+      (Note: Company has said profit will match 1985 level,
+  despite provisions of 480 mln marks connected with alleged
+  currency fraud. Group net profit in 1985 was 596 mln marks,
+  parent company net was 477 mln marks. Company's full name is
+  Volkswagen AG <VOWG.F>).
+  
+
diff --git a/reuters/test/15548 b/reuters/test/15548
new file mode 100644
index 0000000000000000000000000000000000000000..750f35834c4db9055d0173e49976a82dd564440c
--- /dev/null
+++ b/reuters/test/15548
@@ -0,0 +1,7 @@
+WHIRLPOOL CORP <WHR> 1ST QTR NET
+  Shr 66 cts vs 67 cts
+      Net 48,700,000 vs 49,300,000
+      Sales 961.0 mln vs 870.6 mln
+      Avg shrs 74,123,837 vs 73,374,398
+  
+
diff --git a/reuters/test/15549 b/reuters/test/15549
new file mode 100644
index 0000000000000000000000000000000000000000..823f30d4106084493dc5da175b8a091a9da6f36c
--- /dev/null
+++ b/reuters/test/15549
@@ -0,0 +1,97 @@
+U.S. SAID TO VIEW G-7 MEETING AS MAJOR SUCCESS
+  The United States, which has long
+  sought Japanese action to stimulate its economy, appears to be
+  satisfied Tokyo's latest package is a major development and
+  allows leading industrial nations to reaffirm their agreement
+  to stabilize currencies.
+      Monetary sources said they believed that U.S. Treasury
+  Secretary James Baker considered Tokyo's package, announced
+  yesterday, to be a major stimulation of the Japanese economy.
+      But yesterday's statement by seven leading industrial
+  powers endorses the yen's rise from around 153 to the dollar,
+  the level at the February 22 Paris Accord, to about 145 today.
+      And the initial reaction of currency markets in the Far
+  East demonstrates that financial markets are unconvinced that
+  currencies yet reflect economic fundamentals, even though the
+  countries appear to do so. The yen sank below 145 at one point
+  despite intervention by the Bank of Japan.
+      Kiichi Miyazawa, Japan's Finance Minister, said the
+  movement since Paris was consistent with currency trading
+  ranges the nations agreed to defend in the February talks.
+      "I would say that what has happened (to the yen) in the past
+  several weeks was not outside the range we agreed to in the
+  discussions in Paris," Miyazawa said yesterday.
+      The supplementary budget worth about 34.48 billion dlrs was
+  announced by the ruling Liberal Democratic Party on the eve of
+  Miyazawa's departure for Washington, to attend yesterday's
+  meetings of leading industrial nations.
+      In a strongly worded statement terming the Japanese action
+  "extraordinary and urgent", the meeting reaffirmed the Paris
+  Accord by noting that current exchange rates are within ranges
+  broadly consistent with fundamentals, or economic reality.
+      The Group of Seven -- the United States, Japan, West
+  Germany, France, Britain, Italy and Canada -- therefore
+  repeated their willingness to continue close cooperation to
+  foster exchange rate stability.
+      The cooperation agreement has resulted in concerted central
+  bank intervention of 8 billion to 9 billion dlrs to halt the
+  dollar's fall. While relatively unsuccessful, the scale of
+  intervention between so many nations is unprecedented in recent
+  years. Monetary sources also said they understood that
+  Secretary Baker considered the meeting to be extremely
+  successful in the light of the Japanese announcement.
+      They also said there was a growing feeling among the
+  finance ministers and central bankers that cooperation over
+  medium-term policies has replaced the bickering over short-term
+  differences in past meetings.
+      West Germany, whose currency has not risen anything like
+  the yen since the Paris Agreement, appears from the face of
+  yesterday's statement to have won acceptance from other
+  countries that its exchange rate is acceptable.
+      Bonn's finance minister Gerhard Stoltenberg argues that
+  major currency shifts needed to remedy the huge imbalance
+  between West Germany and Japan's trade surpluses and America's
+  trade deficit have already taken place.
+      No mention was made, however, of the U.S. commitment to cut
+  the budget deficit even though it is implied in the
+  reafffirmation of Paris.
+      European nations and Japan believe deficit cuts are
+  essential to curbing the record U.S. trade shortfall that
+  reached nearly 170 billion dlrs last year.
+      A similar argument was made on Capitol Hill earlier this
+  week by Federal Reserve Board chairman Paul Volcker. A further
+  sharp fall to redress trade imbalances would "clearly pose
+  substantial risks of renewed inflationary momentum and could
+  undermine confidence in future financial stability," he said.
+      Volcker warned a further dollar fall might force the
+  politically independent Fed to drive up interest rates.
+      Monetary sources said that, privately, West Germany
+  welcomed the rise in the yen against the dollar while its own
+  currency remained relatively stable against the U.S. unit.
+      Bonn and other European nations worry that once the weak
+  dollar blunts Tokyo's export drive to the United States, the
+  Japanese monolith will concentrate on European markets.
+      The ministers, meanwhile, also continued talks on making
+  their policy coordination more binding and one, Canadian
+  Finance Minister Michael Wilson, said good progress was made.
+      Wilson said they will meet before the June Economic Summit
+  to prepare a report for the leaders of the seven nations.
+      The United States and France, backed by the International
+  Monetary Fund, want the seven to agree on ranges or "norms" for a
+  limited number of economic objectives such as growth,
+  inflation, monetary conditions, trade balances and current
+  account balances.
+      Sharp deviations from these guidelines would result in
+  consultations between the countries on whether corrective
+  action should be required.
+      But the inclusion of currencies as one of the objectives
+  has Bonn and London worried, monetary sources say, because it
+  implies Washington is moving in the direction of target zones.
+      The sources said the Reagan administration unsuccessfully
+  sounded out its allies on a system of target zones to limit
+  currency fluctuations just before the February meeting.
+      The concept is a much more rigid one than the secret ranges
+  of the Paris Accord and would mark a sharp departure from the
+  relatively free currency markets of recent years.
+  
+
diff --git a/reuters/test/15550 b/reuters/test/15550
new file mode 100644
index 0000000000000000000000000000000000000000..db5d85003ca983c491f9b0477e86c4eb742ad443
--- /dev/null
+++ b/reuters/test/15550
@@ -0,0 +1,11 @@
+BANK OF FRANCE LEAVES INTERVENTION RATE UNCHANGED
+  The Bank of France said it left its
+  intervention rate unchanged at 7-3/4 pct when it injected funds
+  in the market against first category paper in today's money
+  market intervention tender.
+      Money market dealers had earlier expressed mixed views on
+  the possibility of quarter point cut.
+      The rate was last adjusted on March 9, when it was cut to
+  7-3/4 pct from the eight pct rate set in January.
+  
+
diff --git a/reuters/test/15551 b/reuters/test/15551
new file mode 100644
index 0000000000000000000000000000000000000000..45f2b70313bab00964f59974a684c424ae6061c8
--- /dev/null
+++ b/reuters/test/15551
@@ -0,0 +1,56 @@
+GLOBAL ECONOMIC SLOWDOWN RAISES NEW DEBT FEARS
+  The global economy is expected to
+  weaken this year, adding new worries to an already serious
+  poverty outlook, economic analysts said.
+      For finance ministers and central bankers attending this
+  week's semi-annual meetings of the International Monetary Fund
+  and World Bank, the new figures released by the IMF add an
+  additional concern.
+      The Fund estimated world output would only grow by 2.7 pct
+  this year, versus 2.9 pct last year, and 3.1 pct in 1985.
+      In the industrial countries, Gross National Product, a
+  measure of all goods and services, was expected to decline to
+  2.3 pct this year, compared with 2.4 pct in 1986, the IMF said.
+      For the developing countries, the Gross Domestic Product,
+  another measure of economic growth, was expected to fall to 3.0
+  pct from 3.5 pct last year.
+      The new figures are considered a major disappointment to
+  the poorest countries. They had hoped that new vitality in the
+  industrial countries brought on by a sharp decline in oil
+  prices would assist their economic recovery and help them cope
+  with growing mounds of debt.
+      IMF officials, discussing their outlook, said they believed
+  the industrial country economies would move up to an annual
+  growth rate of three pct by the end of the decade.
+      Economic analysts and the IMF have been saying for some
+  time that the ability to keep the debt crisis from turning into
+  an economic rout rests on sustained economic growth.
+      Since the debtor countries must look to the wealthier
+  states for markets for their products as well as financial
+  assistance, economic weakness in the developed nations' 
+  economies poses fundamental worries.
+      Debtor countries, including the very poorest states, have
+  only a few avenues open to them for earning foreign exchange,
+  including the key one of exports.
+      The U.S. economy, which is in its fifth year of expansion,
+  has served as a mainstay for developing country exports, but it
+  too is seen as being rather feeble this year, growing by only
+  2.3 pct, according to the IMF.
+      For this reason and because of a high trade deficit, the
+  United States has been pressuring Japan and West Germany to
+  ignite their economies but with little apparent success.
+      The IMF study also examines the course of the dollar and
+  the curious lack of impact it has had on the U.S. trade
+  deficit.
+      Reagan administration officials have been saying that the
+  impact is now beginning to show up, although it has been much
+  slower than expected.
+      The IMF observed in its World Economic Outlook that "it has
+  to be recognized that exchange rate adjustments take time to
+  work through to payments flows -- probably at least three years
+  to get a resonably complete effect."
+      The report added, however, "the adjustments may take even
+  more time on this occasion."
+  REUTER^M
+  
+
diff --git a/reuters/test/15552 b/reuters/test/15552
new file mode 100644
index 0000000000000000000000000000000000000000..bda80acf78220e2ea58db8543da53a2bd14c65a2
--- /dev/null
+++ b/reuters/test/15552
@@ -0,0 +1,36 @@
+SPANISH EMPLOYERS WORRIED BY HIGH INTEREST RATES
+  The head of Spain's employers'
+  federation, Jose Maria Cuevas, said employers were worried
+  about the government's monetary policies because high real
+  interest rates were hampering investment.
+      He told a news conference wage pacts signed so far this
+  year were not endangering the government's five pct inflation
+  target. The government's perceived need to control inflation by
+  keeping a tight rein on credit was unnecessary, he said.
+      High real interest rates were attracting an influx of
+  speculative foreign capital which was undercutting the
+  government's target for monetary growth, Cuevas said.
+      Spain's most closely-watched measure of money supply,
+  liquid assets in public hands, grew at an annualised rate of 17
+  pct in March, against 11.4 pct in December last year and a
+  target range of 6.5 to 9.5 pct for 1987.
+      To combat this, the Bank of Spain has raised its call money
+  rate 14 times so far this year, to 14.5 pct at present from
+  11.8 at end-1986.
+      Cuevas said employers were heeding the government's call to
+  hold wage increases to its five pct inflation target this year,
+  with increases from salary reviews awarded last year and new
+  wage pacts averaging 5.6 pct in the first quarter of 1987.
+      These agreements covered less than 40 pct of Spanish
+  workers, Cuevas said, with the rest still in wage negotiations.
+      He said Spain's current wave of strikes mainly affected the
+  state sector, where the government is trying to impose its five
+  pct wage ceiling.
+      Cuevas said employers were also worried about the trend in
+  Spain's foreign trade balance. The trade deficit in the first
+  two months of 1987 totalled 233 billion pesetas, a 68 pct
+  increase over the corresponding period last year.
+      However, employers did not favour a devaluation of the
+  peseta to correct the imbalance.
+  
+
diff --git a/reuters/test/15553 b/reuters/test/15553
new file mode 100644
index 0000000000000000000000000000000000000000..d0e82cc2c05b0e1306fda2dc6dcc6f6223236e36
--- /dev/null
+++ b/reuters/test/15553
@@ -0,0 +1,6 @@
+SHOWBOAT <SBO> DECLARES STOCK SPLIT
+  Showboat Inc said its board declared a
+  two-for-one stock split, payable to shareholders of record on
+  May 15.
+  
+
diff --git a/reuters/test/15556 b/reuters/test/15556
new file mode 100644
index 0000000000000000000000000000000000000000..6eb59fc4703027eef0f9f546db22a12eb843b911
--- /dev/null
+++ b/reuters/test/15556
@@ -0,0 +1,72 @@
+LEAD PRICES RISE ON FINELY BALANCED PHYSICALS
+  Lead prices have risen this week against
+  a background of a finely balanced physical sector, traders
+  said.
+      Further gains are possible if the USSR steps up its buying
+  or if labour problems develop in North America, they added.
+      London Metal Exchange (LME) prices are unusually buoyant at
+  a time of year when seasonal demand is normally slackening and
+  prices tending to drift lower.
+      This buoyancy is generally attributed by traders to the low
+  level of LME stocks and steady, if unspectacular, physical
+  demand in the Northern Hemisphere finding supplies curtailed.
+      The supply problems are not new but are beginning to be
+  felt by a market in which, as peak winter demand tails off,
+  stocks usually build fast and availability increases, traders
+  said.
+      The lower supply levels result from a number of different
+  factors around the globe.
+      Delayed shipments from Peru to Mediterranean countries
+  because of production and transport problems, lack of Spanish
+  exports since the closure last year of Cia La Cruz's smelter at
+  Linares and lower output in Morocco and Greece have all meant
+  additional demand being directed to merchants who in turn have
+  been drawing on LME stocks.
+      In addition Broken Hill Associated Smelters' Port Pirie,
+  South Australia, smelter is halting production for five weeks
+  for maintenance. Although the company said it would meet
+  commitments, this will put further pressure on stocks.
+      And the U.S. Company Doe Run has kept its 140,000 tonnes
+  per year Boss, Montana smelter closed. This cut producer stocks
+  and contributed to a closer supply/demand balance within the
+  U.S. Market, for many years depressed by surplus production and
+  a regular supplier to the world market.
+      Mexican supplies, which have sometimes swelled LME stocks,
+  have been normal but are finding ready buyers, traders said.
+      On the demand side, winter battery manufacture has held up
+  quite well and some U.S. Buying of lead sheet has been reported
+  in the U.K. Soviet lead buying, notably absent in Europe in the
+  first two months of the year, was resumed when a large buying
+  order was filled by merchants in March.
+      Merchant demand has fuelled the rise in LME lead prices
+  this week and has seen cash metal move above 320 stg and
+  establish a premium of around 10 stg over three months
+  delivery. Specific demand has been directed towards metal in
+  Gothenburg and Trieste warehouses. Gothenburg material is often
+  a target for merchants shipping to the USSR, traders said.
+      On stocks, the popular LME Continental warehouses, Antwerp
+  and Rotterdam, have little more than 3,000 tonnes of lead each,
+  and this is believed to be in strong hands.
+      Out of a total 22,125 tonnes in LME stocks, the lowest
+  level since June 1980, just over half is in U.K. Warehouses
+  which are not popular with merchants putting together
+  shipments.
+      But even U.K. Stocks have dropped around 6,000 tonnes since
+  the start of the year. Traders said this is partly due to
+  secondary smelters buying ingots to supplement feed supplies
+  affected by environmental controls, which put restrictions on
+  the transport of used batteries.
+      Labour negotiations in North America will play an important
+  part in determining the direction of prices, with contracts
+  expiring end-April at Cominco's Trail and Kimberley, B.C.,
+  Mine/smelter and at Doe Run's Herculaneum, Mo, smelter.
+      Noranda's New Brunswick mine/smelter also has a contract
+  expiry in July which may cause some nervousness in view of
+  strikes by its zinc and copper workers over recent months.
+      Traders said LME three months delivery, already attracting
+  speculative buying, could rise to 320/330 stg on current
+  firmness, while nearby tightness could widen the cash premium
+  to 20 from four. Three months was quoted at 313 stg at
+  midsession.
+  
+
diff --git a/reuters/test/15558 b/reuters/test/15558
new file mode 100644
index 0000000000000000000000000000000000000000..6dce79e449d96e522425f65a6be565d82202efcf
--- /dev/null
+++ b/reuters/test/15558
@@ -0,0 +1,11 @@
+REXHAM CORP <RXH> 1ST QTR NET
+  Shr 70 cts vs 42 cts
+      Net 2,918,000 vs 1,746,000
+      Sales 68.3 mln vs 53.5 mln
+      NOTE: 1987 net includes pretax gain 400,000 dlrs from
+  change in pension accounting.
+      1987 results include Production Graphics Corp and Systems
+  Technology and Weapons System Test Divisions of NEw Technology
+  Inc, acquired December 30, 1986.
+  
+
diff --git a/reuters/test/15559 b/reuters/test/15559
new file mode 100644
index 0000000000000000000000000000000000000000..3b8977119cabf4002e679fcda79c502f1196e6e4
--- /dev/null
+++ b/reuters/test/15559
@@ -0,0 +1,7 @@
+FIRST EASTERN CORP <FEBC> 1ST QTR NET
+  Shr 50 cts vs 47 cts
+      Net 3,445,000 vs 3,193,000
+      NOTE: Share adjusted for two-for-one stock split in January
+  1987.
+  
+
diff --git a/reuters/test/15560 b/reuters/test/15560
new file mode 100644
index 0000000000000000000000000000000000000000..8ab95a37893e443acb154d9d631d64b74f8e289f
--- /dev/null
+++ b/reuters/test/15560
@@ -0,0 +1,11 @@
+FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES
+  The Federal Home Loan Bank Board
+  adjusted the rates on its short-term discount notes as follows:
+      MATURITY   NEW RATE  OLD RATE  MATURITY
+    30-174 days  5.00 pct  5.00 pct    30-87 days
+   175-190 days  5.85 pct  5.82 pct   88-103 days
+   191-270 days  5.00 pct  5.00 pct  104-179 days
+   271-288 days  5.92 pct  5.85 pct  180-205 days
+   289-360 days  5.00 pct  5.00 pct  206-360 days
+  
+
diff --git a/reuters/test/15561 b/reuters/test/15561
new file mode 100644
index 0000000000000000000000000000000000000000..f1e4ce1c338e5d9584269ecb9767789d9fcfecd9
--- /dev/null
+++ b/reuters/test/15561
@@ -0,0 +1,8 @@
+ANCHOR FINANCIAL <AFCX> TO MAKE ACQUISITION
+  Anchor Financial Corp said it
+  has agreed to acquire Waccamaw State Bank of Surfside Beach,
+  S.C., in an exchange of 1.435 Anchor shares for each Waccamaw
+  share, subject to regulatory and shareholder approvals.
+      Waccamaw had assets of 22.8 mln dlrs as of March 31.
+  
+
diff --git a/reuters/test/15562 b/reuters/test/15562
new file mode 100644
index 0000000000000000000000000000000000000000..430b59d51129c9744d3ee5c46e9f0bbd7eb13813
--- /dev/null
+++ b/reuters/test/15562
@@ -0,0 +1,13 @@
+STOLTENBERG NOT SURPRISED BY DOLLAR REACTION
+  West German Finance Minister Gerhard
+  Stoltenberg said he was not surprised by the overnight decline
+  of the dollar in foreign exchange markets.
+      Speaking briefly with reporters before entering a meeting
+  of the International Monetary Fund he said, "These minor
+  movements don't really affect us."
+      The dollar declined in the initial reaction to a statement
+  by the Group of Seven industrial countries reaffirming their
+  Paris agreement in February to maintain their currencies around
+  current levels.
+  
+
diff --git a/reuters/test/15563 b/reuters/test/15563
new file mode 100644
index 0000000000000000000000000000000000000000..9e7e2617ea144f783e11c7e57a71e147a8f350a7
--- /dev/null
+++ b/reuters/test/15563
@@ -0,0 +1,7 @@
+ASARCO UPS U.S. LEAD PRICE 0.50 CT TO 26.50 CTS
+  Asarco Inc said it is increasing its
+  base spot sales price for refined lead by one-half cent to
+  26.50 cents a lb, FOB, delivered in carload lots, effective
+  immediately.
+  
+
diff --git a/reuters/test/15565 b/reuters/test/15565
new file mode 100644
index 0000000000000000000000000000000000000000..22960933a7eeca00ffaade0998003155378a3267
--- /dev/null
+++ b/reuters/test/15565
@@ -0,0 +1,30 @@
+E.F. HUTTON <EFH> UNIT'S PUROLATOR OFFER EXPIRES
+  E.F. Hutton LBO Inc said the tender
+  offer by its wholly owned unit, PC Acquisition Inc, for
+  Purolator Courier Corp <PCC> expired at 2400 EDT yesterday
+  without the purchase of any Purolator common stock.
+      Hutton added that PC Acquisition also terminated its merger
+  agreement with Purolator.
+      Hutton said the offer, which had been conditioned upon the
+  tender of at least 5,116,892 Purolator shares, or about
+  two-thirds of the outstanding shares, was terminated because
+  the minimum number of shares was not tendered.
+      Purolator had entered into a definitive agreement with PC
+  Acquisition, part-owned by E.F. Hutton LBO Inc, a unit of E.F.
+  Hutton, and some officers of Purolator's U.S. courier division,
+  in which PC offered to purchase 6,332,471 Purolator common
+  stock shares for 35 dlrs a share.
+      Following that move, PC Acquisition planned to merge a
+  subsidiary into Purolator, converting all outstanding Purolator
+  common it did not own into an aggregate 46 mln dlrs principal
+  amount of 12 pct guaranteed debentures due 2002 and warrants to
+  purchase 15 pct of a Purolator unit comprised of Purolator's
+  U.S courier operations.
+      Hutton said as of 2400 EDT yesterday about 181,000 shares
+  of Purolator common stock, or about 2.4 pct of the outstanding
+  shares, had been validly tendered and not withdrawn.
+      PC Acquisition has instructed its depository for the offer
+  to return promptly the Purolator stock deposited by, or on
+  behalf of, tendering shareholders, Hutton said.
+  
+
diff --git a/reuters/test/15566 b/reuters/test/15566
new file mode 100644
index 0000000000000000000000000000000000000000..648e7e3f924bfbffd250e0e7d6b67b0b355bc05f
--- /dev/null
+++ b/reuters/test/15566
@@ -0,0 +1,5 @@
+ABBOTT LABORATORIES 1ST QTR NET SHR 62 CTS VS 52 CTS
+
+  ABBOTT LABORATORIES 1ST QTR NET SHR 62 CTS VS 52 CTS
+  
+
diff --git a/reuters/test/15567 b/reuters/test/15567
new file mode 100644
index 0000000000000000000000000000000000000000..f71b68e59931c867b23afbb24623014c73ca0132
--- /dev/null
+++ b/reuters/test/15567
@@ -0,0 +1,37 @@
+INDIA FOODGRAIN TARGET 160 MLN TONNES IN 1987/88
+  India's national foodgrain target has
+  been fixed at 160 mln tonnes in 1987/88 (Apr-Mar), unchanged
+  from the 1986/87 target, the Agriculture Ministry said in its
+  annual report for 1986/87.
+      Actual output was estimated at 151 mln tonnes in 1986/87
+  due to failure of monsoon rains in 15 out of 35 meterological
+  sub-divisions of the country.
+      The report gave the targets for various crops with
+  estimated harvested crops in 1986/87 in brackets as following,
+  in mln tonnes - rice 65 (60), wheat 49 (49), coarse grains
+  including sorghum and millets 32 (29) and pulses 14 (13).
+      Despite failure of monsoon rains in recent years, it was
+  possible to maintain higher foodgrain production, signifying
+  growing resilience in agricultural sector, the report said.
+      The strategy for increasing irrigation potential along with
+  greater use of high yielding seed varieites and improvement in
+  fertiliser efficiency is yielding results, it said, adding
+  total foodgrain output in 1985/86, 1984/85 and 1983/84
+  respectively was 150.5 mln tonnes, 145.5 mln and a record 152.4
+  mln.
+     India has targeted to produce between 178 and 183 mln tonnes
+  of foodgrains by the last year of the seventh five-year
+  development plan ending March 31, 1990.
+      Taking the midpoint of 180 mln tonnes as the target and the
+  1986/87 estimated production of around 151 mln tonnes, the gap
+  of 29 mln tonnes has to be made up during the remaining three
+  years of the plan by increasing grain output annually by more
+  than nine mln tonnes. But the target can be achieved only with
+  good weather, the report said.
+      "The major thrust programme will, therefore, be better water
+  (irrigation) management. Simultaneously, efforts for spread of
+  improved technology including timely use of inputs (farm
+  materials like fertilisers) in adequate quantities have to be
+  vigrously pursued," it said.
+  
+
diff --git a/reuters/test/15568 b/reuters/test/15568
new file mode 100644
index 0000000000000000000000000000000000000000..8baa403e30095a3bb7a55a1a07ffc3afeb812852
--- /dev/null
+++ b/reuters/test/15568
@@ -0,0 +1,8 @@
+CERTIFICATED COTTON STOCKS
+  Certificated cotton stocks deliverable
+  on the New York Cotton Exchange No 2 cotton futures contract as
+  of April 8 were reported at 34,661 bales, down 421 bales from
+  the previous day's figure. There were no bales awaiting review
+  and 1,218 bales awaiting decertification.
+  
+
diff --git a/reuters/test/15569 b/reuters/test/15569
new file mode 100644
index 0000000000000000000000000000000000000000..0fe159741d41adfe44263a3916b5005eae3fcc0f
--- /dev/null
+++ b/reuters/test/15569
@@ -0,0 +1,31 @@
+REICHHOLD CHEMICAL <RCI> SETS ANTI-TAKEOVER PLAN
+  Reichhold Chemical Inc said its
+  board adopted a warrant dividend plan in which one preferred
+  stock purchase right will be distributed as a dividend on each
+  common share outstanding.
+      The company said its warrant dividend plan is designed to
+  protect its shareholders against unsolicted, coercive attempts
+  to aquire control without making an adequate offer for all
+  shares.
+      Reichhold said the adoption is not a response to any
+  specific takeover attempt.
+      Reichhold said each right will entitle shareholders to buy
+  one one-hundreth of a share of a newly created series of
+  preferred stock at an initial exercise price of 120 dlrs, with
+  dividend and voting rights approximately equal to those of one
+  share of the company's common stock.
+      The rights will be exercisable only if, without Reichhold's
+  prior consent, a person or group a acquires 20 pct or more of
+  the voting power or announces a tender offer which would result
+  in 20 pct ownership, the company said.
+      Reichhold said it is entitled to redeem the rights at five
+  cts apiece before a 20 pct position has been acquired, or
+  before an existing 20 pct shareholder buys an additional two
+  pct or more of the voting power of the company, or in
+  connection with certain transactions afterward.
+      The tax-free distribution will become effective May 1,
+  1987, and will expire 10 years later, the company said.
+      Details of the plan are outlined in a letter to be mailed
+  to stockholders.
+  
+
diff --git a/reuters/test/15570 b/reuters/test/15570
new file mode 100644
index 0000000000000000000000000000000000000000..2767cc52aa62c9b300c4b8ca53b134670a5afbfc
--- /dev/null
+++ b/reuters/test/15570
@@ -0,0 +1,6 @@
+ABBOTT LABORATORIES INC <ABT> 1ST QTR NET
+  Shr 62 cts vs 52 cts 
+      Net 142.0 mln vs 123.0 mln
+      Sales 1.00 billion vs 865.0 mln
+  
+
diff --git a/reuters/test/15571 b/reuters/test/15571
new file mode 100644
index 0000000000000000000000000000000000000000..451added2df30ca79050da1c7969298e7b93bcf0
--- /dev/null
+++ b/reuters/test/15571
@@ -0,0 +1,24 @@
+HANSON <HAN> TO BUY INT'L PROTEIN <PRO> STOCK
+  International Proteins Corp said
+  it has agreed to sell in a private placement 330,000 common
+  shares at 11.75 dlrs a share to a U.S. subsidiary of Hanson
+  Trust Plc.
+      In addition, David Clarke the president of another Hanson
+  Trust subsidiary, Hanson Industries, will be named chairman of
+  International Proteins's executive committee upon his election
+  to the board at the annual meeting.
+      International Proteins recently acquired Clarke's family
+  business, Great South Beach Sales Co, for 900,000 restricted
+  common shares of which 350,000 have been issued to date.
+      International Proteins said its agreement with Hanson Trust
+  is subject to stockholder approval at the annual meeting which
+  is expected to be held in June.
+      The company said Hanson Trust is purchasing the stock for
+  investment purposes, adding the agreement includes restrictions
+  on purchase or sale of the company by Hanson for the next five
+  years.
+      International Proteins said it will use the proceeds to
+  expand domestic operations.
+      The company has about 2.1 mln shares outstanding.          
+  
+
diff --git a/reuters/test/15572 b/reuters/test/15572
new file mode 100644
index 0000000000000000000000000000000000000000..cd2f18719702c86a0818091594ff1b6112469830
--- /dev/null
+++ b/reuters/test/15572
@@ -0,0 +1,8 @@
+EGYPT BUYS PL 480 WHEAT FLOUR - U.S. TRADERS
+  Egypt bought 125,723 tonnes of U.S.
+  wheat flour in its PL 480 tender yesterday, trade sources said.
+      The purchase included 51,880 tonnes for May shipment and
+  73,843 tonnes for June shipment. Price details were not
+  available.
+  
+
diff --git a/reuters/test/15573 b/reuters/test/15573
new file mode 100644
index 0000000000000000000000000000000000000000..0cc694b5496711198750ad86f2cf3f32f572c8c9
--- /dev/null
+++ b/reuters/test/15573
@@ -0,0 +1,21 @@
+SPAIN HAS 35 MLN DLR CURRENT SURPLUS FEBRUARY
+  Spain had a 35 mln dlr current account
+  surplus in February compared with a 68 mln dlr surplus in
+  January and a 355 mln dlr surplus in February last year, Bank
+  of Spain figures show.
+      Spain's trade deficit narrowed to 581 mln dlrs compared
+  with 664 mln dlrs in January but the large increase in non-oil
+  imports contributed to the substantial increase over the 159
+  mln dlr deficit registered in February 1986.
+      Exports at 2.58 billion dlrs were up 19 pct compared with
+  February last year, but imports were 46 pct higher than last
+  February, totalling 3.16 billion dlrs.
+      Non-oil imports totalled 2.79 billion dlrs compared with
+  1.91 billion in February last year, reflecting the large
+  ammount of investment goods entering the country with the
+  recovery of the Spanish economy, the Bank of Spain said.
+      Spain's tourism earnings continued to grow and totalled 655
+  mln dlrs in February, compared with 103 mln dlrs in January and
+  502 mln dlrs in February last year.
+  
+
diff --git a/reuters/test/15574 b/reuters/test/15574
new file mode 100644
index 0000000000000000000000000000000000000000..a52be0cae97a33e745af1776ca96cf83f5b640b3
--- /dev/null
+++ b/reuters/test/15574
@@ -0,0 +1,14 @@
+INDIA OILSEED OUTPUT FORECAST TO RISE
+  India's oilseed output is expected to
+  rise to 12.25 mln tonnes in 1986/87 ending October, up on 11.15
+  mln in 1985/86 but down from 12.95 mln harvested in 1984/85,
+  the Agriculture Ministry's 1986/87 report said.
+      But the forecast for 1986/87 is well below a target of 14.8
+  mln tonnes fixed for the year, it said, adding bad weather hit
+  groundnut and other oilseed crops.
+      The National Oilseeds Development Program will invest 300
+  mln rupees in 1986/87 on supplying improved high-yielding seeds
+  and other support services to help boost production, it added.
+  India imports about 1.2 mln tonnes of edible oils a year.
+  
+
diff --git a/reuters/test/15575 b/reuters/test/15575
new file mode 100644
index 0000000000000000000000000000000000000000..bc2dbec97acee2627ef0289ee596c94afadc62c9
--- /dev/null
+++ b/reuters/test/15575
@@ -0,0 +1,12 @@
+EXXON <XON> SOUTH AFRICAN UNIT ACQUIRED BY ZENEX
+  <Zenex Oil Pty Ltd> said it
+  acquired the interests of Esso South Africa, the local
+  subsidiary of Exxon Corp <XON), and will use up to 20 mln rand
+  in profits to finance educational and social programs.
+      The profit scheme will begin after Zenex has paid Exxon an
+  undisclosed purchase price for Esso, Zenex chairman John
+  Truscott said in a statement.
+      The acquisition follows the Exxon withdrawal from South
+  Africa announced last December.
+  
+
diff --git a/reuters/test/15578 b/reuters/test/15578
new file mode 100644
index 0000000000000000000000000000000000000000..b5c464cb9de25d40309269f7597a41cbc107e162
--- /dev/null
+++ b/reuters/test/15578
@@ -0,0 +1,13 @@
+SALLIE MAE ADJUSTS SHORT-TERM DISCOUNT NOTE RATES
+  The Student Loan Marketing
+  Association said its rates on short-term discount notes were as
+  follows:
+      MATURITY   NEW RATE    OLD RATE  MATURITY
+      5-14 days  5.80 pct    5.75 pct     5-14 days
+    15-360 days  5.00 pct    5.00 pct    15-85 days
+                             5.80 pct    86-91 days
+                             5.00 pct   92-176 days
+                             5.83 pct  177-183 days
+                             5.00 pct  184-360 days
+  
+
diff --git a/reuters/test/15579 b/reuters/test/15579
new file mode 100644
index 0000000000000000000000000000000000000000..a6b7586f5a4e58090181b0e8a3c2aaab1ec9b838
--- /dev/null
+++ b/reuters/test/15579
@@ -0,0 +1,7 @@
+FREDDIE MAC ADJUSTS SHORT-TERM DISCOUNT RATES
+  The Federal Home Loan Mortgage Corp
+  adjusted the rates on its short-term discount notes as follows:
+     MATURITY   RATE       OLD RATE  MATURITY
+      33 days   6.00 pct   6.00 pct  33 days
+  
+
diff --git a/reuters/test/15580 b/reuters/test/15580
new file mode 100644
index 0000000000000000000000000000000000000000..77e4b7531f73fd20585c938b36e1cae7305d5941
--- /dev/null
+++ b/reuters/test/15580
@@ -0,0 +1,14 @@
+ARGENTINE GRAIN BELT WEATHER REPORT
+  ARGENTINE GRAIN BELT TEMPERATURES
+  (CENTIGRADE) AND RAIN (MM) IN THE 24 HOURS TO 12.00 GMT WERE:
+      ...............MAX TEMP..MIN TEMP..RAINFALL
+      BUENOS AIRES.......24.......12............0
+      BAHIA BLANCA.......22........7............0
+      TRES ARROYOS.......22........8............0
+      TANDIL.............22........7............0
+      JUNIN..............24.......11............0
+      SANTA ROSA.........--........6............0
+      CORDOBA............23.......12............1
+      SANTA FE...........21.......18...........17 REUTER
+  
+
diff --git a/reuters/test/15581 b/reuters/test/15581
new file mode 100644
index 0000000000000000000000000000000000000000..14b3ca07af3c0f29050d1b5814ddec340e2ae06f
--- /dev/null
+++ b/reuters/test/15581
@@ -0,0 +1,41 @@
+VW SAYS 480 MLN MARKS MAXIMUM FOR CURRENCY LOSSES
+  Losses for Volkswagen AG
+  <VOWG.F>, VW, linked to an alleged foreign currency fraud will
+  not exceed the 480 mln marks provision already made, a VW
+  spokesman said.
+      The spokesman was commenting after VW had confirmed it
+  would pay an unchanged 10 mark dividend for ordinary shares on
+  1986 business, despite the provision.
+      One West German newspaper today quoted foreign currency
+  dealers in Frankfurt as speculating that the total losses from
+  the currency affair could be as high as 1.5 billion marks, but
+  the VW spokesman described 480 mln marks as an "upper limit."
+      VW said in a statement following today's supervisory board
+  meeting that it had discussed the foreign currency scandal in
+  detail, and was setting up a new probe into its foreign
+  currency activities to be carried out by an unnamed auditing
+  company.
+      VW has said computer programs were erased and documents
+  were faked in the alleged fraud in which it believes
+  transactions intended to protect it against possible foreign
+  currency losses were not completed.
+      VW's former foreign currency chief Burkhard Junger was
+  arrested on Monday on suspicion of embezzlement and of having
+  evaded justice.
+      Earlier VW had said that its 1986 results would match 1985
+  profits. VW's group net profit in 1985 was 596 mln marks and
+  parent company net was 477 mln marks. It also said it recommend
+  an unchanged dividend to the supervisory board. The company has
+  also set a dividend of 11 marks for new preference shares,
+  which were issued last year. Analysts have described the held
+  dividend as a move to reassure worried shareholders.
+      VW increased nominal capital by 300 marks last year to 1.5
+  billion marks, with the result that its total dividend payment
+  on 1986 will be 306 mln marks compared with 240 mln on 1985,
+  since the new capital was in preference shares.
+      The share analysts say VW will have to dig into reserves in
+  order to maintain the disclosed 1986 profit at 1985 levels. At
+  the end of 1985, VW had parent company reserves of slightly
+  less than three billion marks.
+  
+
diff --git a/reuters/test/15582 b/reuters/test/15582
new file mode 100644
index 0000000000000000000000000000000000000000..bba1d84ddb8f1599523a59d94cf5647c9d182fce
--- /dev/null
+++ b/reuters/test/15582
@@ -0,0 +1,12 @@
+YUGOSLAVIA TO TENDER FOR 100,000 TONNES WHEAT
+  Yugoslavia will tender April 14 for
+  100,000 tonnes of wheat, the U.S. Agriculture Department's
+  Counselor in Belgrade said in a field report.
+      The report, dated April 7, said the wheat must be from 1986
+  and 1987 harvest, and imports of soft wheat from Europe and
+  from other suppliers will not be considered.
+      It said the imports will be used to rebuild the federal
+  reserves and as a result will not be subject to import
+  surcharges.
+  
+
diff --git a/reuters/test/15583 b/reuters/test/15583
new file mode 100644
index 0000000000000000000000000000000000000000..0bb4683552f6602964d2c7533324c8e4ce1bf781
--- /dev/null
+++ b/reuters/test/15583
@@ -0,0 +1,5 @@
+FEDERATED DEPARTMENT STORES MARCH SALES UP 4.9 PCT
+
+  FEDERATED DEPARTMENT STORES MARCH SALES UP 4.9 PCT
+  
+
diff --git a/reuters/test/15584 b/reuters/test/15584
new file mode 100644
index 0000000000000000000000000000000000000000..5782fa0fb0cf471755699d02e49c504adebb2e8b
--- /dev/null
+++ b/reuters/test/15584
@@ -0,0 +1,23 @@
+PRICES GENERALLY LOWER AT NAIROBI COFFEE AUCTION
+  Prices were lower at this week's coffee
+  auction for all grades and qualities except better quality AB
+  grades, which held steady, the Coffee Board of Kenya said.
+      The board said it offered 35,000 bags and sold 32,876.
+      So far this coffee year, Kenya has sold 918,707 bags to all
+  markets, of which 326,182 are for the 1986/7 pool, with an
+  overall average price of 41,500 shillings a tonne, it added.
+      The board will offer 35,000 bags at its next auction on
+  April 14.
+            BAGS                PRICE PER 50 KG
+        OFFERED SOLD        AVERAGE
+   PB      430   430   2304.78 (2267.21)
+   AA     7289  6834   2292.92 (2358.96)
+   AB    12664 11895   2289.99 (2291.13)
+   C      3198  2867   2073.15 (2107.64)
+   T       876   876   1508.79 (1510.67)
+   TT     1375  1375   2053.25 (2095.64)
+   E       159   159   2250.19 (2252.18)
+   MISC   9009  8440   1409.50 (1398.60)
+   TOTAL 35000 32876     AVERAGE FOR SALE      2014.93 (1994.94)
+  
+
diff --git a/reuters/test/15585 b/reuters/test/15585
new file mode 100644
index 0000000000000000000000000000000000000000..4a333446bd1eb33e39b0265c287e498cfd642633
--- /dev/null
+++ b/reuters/test/15585
@@ -0,0 +1,12 @@
+ALEX. BROWN <ABSB> SETS SPLIT, TO OFFER SHARES
+  Alex. Brown Inc said it has declared a
+  three-for-two stock split, payable May 29, record May 22.
+      The company also said it has filed to offer 912,000 common
+  shares, including 162,000 to be sold by a shareholder, with
+  company proceeds to be used for working capital and general
+  corporate purposes.  Its Alex. Brown and Sons Inc subsidiary is
+  lead underwriter.
+      The offering is expected to be made before the record date
+  of the split, the company said.
+  
+
diff --git a/reuters/test/15590 b/reuters/test/15590
new file mode 100644
index 0000000000000000000000000000000000000000..5c17c1115df50afd3dd0996268ebd45820fcccda
--- /dev/null
+++ b/reuters/test/15590
@@ -0,0 +1,12 @@
+HIGHLAND SUPERSTORES INC <HIGH> 4TH QTR NET
+  Period ended Jan 31
+      Shr 38 cts vs 61 cts
+      Net 7,012,000 vs 11,193,000
+      Revs 223.0 mln vs 200.3 mln
+      Year
+      Shr 1.11 dlrs vs 1.36 dlrs
+      Net 20,214,000 vs 23,602,000
+      Revs 656.5 mln vs 520.5 mln
+      Avg shrs 18,257,631 vs 17,376,480
+  
+
diff --git a/reuters/test/15591 b/reuters/test/15591
new file mode 100644
index 0000000000000000000000000000000000000000..bbdb61079e263852ad340f75645a76a18da400df
--- /dev/null
+++ b/reuters/test/15591
@@ -0,0 +1,14 @@
+LVI GROUP <LVI> TO MAKE ACQUISITION
+  LVI Group Inc said it has agreed in
+  principle to purchase all outstanding shares of <Spectrum
+  Holding Corp> for a proposed 13 mln dlrs in cash.
+      LVI said an additional 10 mln dlrs in common stock and
+  seven mln dlrs in notes will become payable if Spectrum has
+  certain minimum future earnings.
+      LVI, an interior construction firm, said the acquisition is
+  subject to execution of a definitive agreement and completion
+  of due diligence.
+      LVI and Spectrum, an asbestos abatement concern, expect to
+  close the deal in June, LVI said.
+  
+
diff --git a/reuters/test/15593 b/reuters/test/15593
new file mode 100644
index 0000000000000000000000000000000000000000..90aeefef7c48a7cb750e44f4e08db68a55b75837
--- /dev/null
+++ b/reuters/test/15593
@@ -0,0 +1,9 @@
+TEXAS AMERICAN <TAE> OMITS PREFERRED PAYOUT
+  Texas American Energy Corp said
+  its board has decided to again omit the quarterly dividend on
+  its 2.575 dlr cumulative convertible exchangeable preferred
+  stock.
+      The dividend would have been payable May One.  The company
+  last paid 64.3 cts a share on the issue in August 1986.
+  
+
diff --git a/reuters/test/15594 b/reuters/test/15594
new file mode 100644
index 0000000000000000000000000000000000000000..f347cec6ec00d8bd2b1f26d92136a79863333672
--- /dev/null
+++ b/reuters/test/15594
@@ -0,0 +1,12 @@
+VORNADO INC <VNO> 4TH QTR JAN 31 NET
+  Shr 1.64 dlrs vs 1.56 dlrs
+      Net 4,583,000 vs 5,313,000
+      Revs 20.1 mln vs 19 mln
+      Avg shrs 2.8 mln vs 3.4 mln
+      Year
+      Shr 5.06 dlrs vs 5.92 dlrs
+      Net 16 mln vs 20.3 mln
+      Revs 74.6 mln vs 68 mln
+      Avg shrs 3.2 mln vs 3.4 mln
+  
+
diff --git a/reuters/test/15595 b/reuters/test/15595
new file mode 100644
index 0000000000000000000000000000000000000000..76c57336eb78971f07694f74aeb45722af567291
--- /dev/null
+++ b/reuters/test/15595
@@ -0,0 +1,8 @@
+BRENDA MINES SELLING KERR ADDISON SHARES
+  <Brenda Mines Ltd> said it sold
+  2,830,390 <Kerr Addison Mines Ltd> shares to a group of
+  underwriters led by Wood Gundy Inc and Brown, Baldwin Nisker
+  Ltd for redistribution.
+      Financial terms were undisclosed.
+  
+
diff --git a/reuters/test/15596 b/reuters/test/15596
new file mode 100644
index 0000000000000000000000000000000000000000..dcc278abaaede0fca543ac5690e173d7c815428e
--- /dev/null
+++ b/reuters/test/15596
@@ -0,0 +1,14 @@
+PHOENIX FINANCIAL <PHFC> BUYS DATA ACCESS STAKE
+  Data Access Systems Inc said
+  chairman David Cohen has sold 1,800,000 common shares to
+  Phoenix Financial corp for undisclosed terms and resigned as
+  chairman and chief executive officer.
+      The company said Phoenix Financial now has a 27 pct
+  interest in Data Access and effective control.
+      Data Access said Phoenix chairman Martin S. Ackerman has
+  been named chairman of Data Access as well and two other
+  Phoenix representatives have been named to the Data Access
+  board.  It said four directors other than Cohen have resigned
+  from the board.
+  
+
diff --git a/reuters/test/15597 b/reuters/test/15597
new file mode 100644
index 0000000000000000000000000000000000000000..2480c26bf866ec5e0eb6e3f4ba1bb8f9bea1c15d
--- /dev/null
+++ b/reuters/test/15597
@@ -0,0 +1,13 @@
+HEALTH AND REHABILITATION <HRP> INITIAL PAYOUT
+  Health and Rehabilitation
+  Properties Trust said it declared an intitial dividend of 55
+  cts per share for the period ending March 31, 1987
+      The dividend will be payed May 20 to shareholders of record
+  on April 20, the company said.
+      The company said it organized in late 1986 and closed its
+  intitial public offering of shares Dec 23, 1986.
+      The initital dividend includes five cts attributable to the
+  period between Dec 23 and 31, 1986, and 50 cts attributable to
+  the first qtr of 1987, ending March 31, 1987.
+  
+
diff --git a/reuters/test/15598 b/reuters/test/15598
new file mode 100644
index 0000000000000000000000000000000000000000..82eb4c4b04ac8b8c46184db67049c769e093649c
--- /dev/null
+++ b/reuters/test/15598
@@ -0,0 +1,10 @@
+T. ROWE PRICE <TROW> SEES HIGHER FIRST QUARTER
+  T. Rowe Price Associates said its
+  first quarter earnings rose about 50 pct from the year-ago
+  2,634,000 dlrs and revenues about 30 pct from the year-ago 24.2
+  mln dlrs.
+      It said it expects "very good" earnings and revenue growth
+  this year.  In 1986 it earned 14.8 mln dlrs on revenues of
+  111.1 mln dlrs.
+  
+
diff --git a/reuters/test/15600 b/reuters/test/15600
new file mode 100644
index 0000000000000000000000000000000000000000..2f2ac10c009cf0bb9ee89c9f9348408da99877e3
--- /dev/null
+++ b/reuters/test/15600
@@ -0,0 +1,11 @@
+GENERAL PARTNERS CUTS STAKE IN GENCORP <GY>
+  General Partners told the Securities
+  and Exchange Commission it has reduced its stake in GenCorp Inc
+  to 8.6 pct, from 9.8 pct, by selling 250,000 shares at a price
+  equal to 118.5 dlrs per share.
+      General Partners, which includes GC Holdings Inc and
+  General Acquisitions Inc, said yesterday it was dropping its
+  100-dlr-a-share hostile takeover bid for GenCorp because of
+  GenCorp's move to buy back its shares for up to 130 dlrs each.
+  
+
diff --git a/reuters/test/15601 b/reuters/test/15601
new file mode 100644
index 0000000000000000000000000000000000000000..ecd32b79318aa7f7c10294388bd1ed93f88f1d35
--- /dev/null
+++ b/reuters/test/15601
@@ -0,0 +1,8 @@
+HERITAGE FINANCIAL SERVICES <HERS> 1ST QTR NET
+  Shr 45 cts vs 43 cts
+      Net 1,503,000 vs 938,000
+      Avg shrs 3,358,664 vs 2,158,664
+      NOTE: Company had its initial public offering of 1,200,000
+  shares in October, 1986
+  
+
diff --git a/reuters/test/15602 b/reuters/test/15602
new file mode 100644
index 0000000000000000000000000000000000000000..dd838a6792392c71c0a57075f1e900a96bacd69b
--- /dev/null
+++ b/reuters/test/15602
@@ -0,0 +1,20 @@
+NATIONAL COMPUTER <NLCS> SEES EARNINGS GROWTH
+  National Computer Systems Inc
+  expects fiscal year earnings to improve by about 20 pct, the
+  company told analysts, although it said the April 30 first
+  quarter should show "down earnings and virtually flat
+  revenues."
+      Chairman Charles Oswald said National Computer has taken
+  steps to improve margins. He said revenues are expected to
+  increase modestly because of the company's decision to downsize
+  its leasing business, nonrecurring revenueslast year from a
+  one-time Texas teacher assessment project and the impact of the
+  discontinuance of products last year.
+      Oswald said National Computer's first quarter results will
+  be down as a result of a major financial systems sales last
+  year, a higher effective tax rate and the increased number of
+  shares outstanding.
+      The company said the next three consecutive quarters should
+  demonstrate "excellent earnings growth."
+  
+
diff --git a/reuters/test/15603 b/reuters/test/15603
new file mode 100644
index 0000000000000000000000000000000000000000..568c3f951a3dd766de5a0eab98d1f57594c3566a
--- /dev/null
+++ b/reuters/test/15603
@@ -0,0 +1,7 @@
+U.K. CHANCELLOR LAWSON SAYS THERE MAY BE NEED TO CUT
+INTEREST RATES IN SOME COUNTRIES
+
+  U.K. CHANCELLOR LAWSON SAYS THERE MAY BE NEED TO CUT
+  INTEREST RATES IN SOME COUNTRIES
+  
+
diff --git a/reuters/test/15605 b/reuters/test/15605
new file mode 100644
index 0000000000000000000000000000000000000000..c3a92474353bf60b1756027ada20e6d6c1e469cf
--- /dev/null
+++ b/reuters/test/15605
@@ -0,0 +1,17 @@
+REXHAM <RXH> REPURCHASES STAKE FROM NORTEK <NTK>
+  Rexham Corp said it has
+  repurchased 381,050 of its shares or 9.1 pct from Nortek Inc
+  for 42 dlrs each, and Nortek has withdrawn its proposal to
+  acquire Rexham for 43 dlrs per share.
+      Rexham said Nortek has also agreed not to buy Rexham shares
+  or take other actions under a 10-year standstill agreement. 
+  The Rexham board had rejected the Nortek bid as inadequate.
+      The company also said its board has authorized the
+  repurchase in the open market or privately from time to time of
+  up to an additional five pct of its own shares and the
+  establishment of an Employee Stock Ownership Plan.  The plan is
+  expected to purchase from Rexham a new convertible preferred
+  stock with 11.5 pct of Rexham's voting power with proceeds of a
+  pension plan overfunding and borrowings.
+  
+
diff --git a/reuters/test/15607 b/reuters/test/15607
new file mode 100644
index 0000000000000000000000000000000000000000..22cc8780491176ad0f94b20cbf7e2e8007f0e356
--- /dev/null
+++ b/reuters/test/15607
@@ -0,0 +1,10 @@
+EXXON <XON> CUTS HEATING OIL PRICE, TRADERS SAID
+  Oil traders in the New York area said
+  Exxon Corp's Exxon U.S.A. unit reduced the price it charges
+  contract barge customers for heating oil in New York harbor
+  0.50 cent a gallon, effective today.
+      They said the reduction brings Exxon's contract barge price
+  to 49.75. The price decrease follows sharp declines in heating
+  oil prices in the spot and futures markets, traders said.
+  
+
diff --git a/reuters/test/15610 b/reuters/test/15610
new file mode 100644
index 0000000000000000000000000000000000000000..0def4118137d72aa670f197e2d2c9abac90e0013
--- /dev/null
+++ b/reuters/test/15610
@@ -0,0 +1,11 @@
+FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES
+  The Federal Home Loan Bank Board
+  adjusted the rates on its short-term discount notes as follows:
+      MATURITY   NEW RATE  OLD RATE  MATURITY
+    30-174 days  5.00 pct  5.00 pct   30-174 days
+   175-190 days  5.88 pct  5.85 pct  175-190 days
+   191-270 days  5.00 pct  5.00 pct  191-270 days
+   271-288 days  5.92 pct  5.92 pct  271-288 days
+   289-360 days  5.00 pct  5.00 pct  289-360 days
+  
+
diff --git a/reuters/test/15613 b/reuters/test/15613
new file mode 100644
index 0000000000000000000000000000000000000000..63a9dc6f2914a2f0e2167b56c1f69dfbd5416b05
--- /dev/null
+++ b/reuters/test/15613
@@ -0,0 +1,6 @@
+<STRATHFIELD OIL AND GAS LTD> YEAR NET
+  Shr 46 cts vs 48 cts
+      Net 1,196,331 vs 1,341,314
+      Revs 5,153,109 vs 7,680,350
+  
+
diff --git a/reuters/test/15615 b/reuters/test/15615
new file mode 100644
index 0000000000000000000000000000000000000000..14587281e2d529704f5bf2b25a219889b598ad7a
--- /dev/null
+++ b/reuters/test/15615
@@ -0,0 +1,13 @@
+FED MAY ADD RESERVES TO BANKING SYSTEM
+  The Federal Reserve may intervene in
+  the government securities market to supply temporary reserves
+  indirectly via customer repurchase agreements, economists said.
+      They said that while the Fed faces no great urgency to add
+  reserves at the start of the two-week maintenance period today
+  it would probably do so in order to offset a relatively high
+  federal funds rate.
+      Fed funds opened at 6-3/16 pct and remained there in early
+  trading. Yesterday, they averaged 6.45 pct, after rising as
+  high as seven pct at the close.
+  
+
diff --git a/reuters/test/15616 b/reuters/test/15616
new file mode 100644
index 0000000000000000000000000000000000000000..9def4b862326c87f7ffe978917e1057fac384013
--- /dev/null
+++ b/reuters/test/15616
@@ -0,0 +1,14 @@
+DIAMOND CRYSTAL <DSLT> MIGHT SELL SALT UNIT
+  Diamond Crystal Salt Co said it
+  might sell its salt division.
+      The company said it retained First Boston Corp to assist it
+  with the possible sale of the division, "assuming a fair price
+  and reasonable terms can be obtained."
+      Diamond Crystal said sale of the unit was in the best
+  long-term interests of its shareholders.
+      The company also said it incorporated its Packet Products
+  Division as of April one. The unit will be an indirect wholly
+  owned subsidiary called Diamond Crystal Specialty Foods Inc.
+  Current management of the division will remain.
+  
+
diff --git a/reuters/test/15617 b/reuters/test/15617
new file mode 100644
index 0000000000000000000000000000000000000000..e3dde95c91027f9e755bb26e1a3d24003dbeeb2e
--- /dev/null
+++ b/reuters/test/15617
@@ -0,0 +1,53 @@
+LAWSON SAYS SOME COUNTRIES COULD CUT RATES
+  Nigel Lawson, Britain's Chancellor of
+  the Exchequer, said some countries may need to cut interest
+  rates with the aim of maintaining exchange rate stability.
+      Speaking to journalists one day after the Group of Seven
+  countries reaffirmed goals set in Paris six weeks ago, he said
+  central banks would continue to intervene "as and when
+  necessary."
+      He said the G-7 countries were concerned that Japan do more
+  to stimulate domestic demand and welcomed measures outlined by
+  Japanese Finance Minister Kiichi Miyazawa yesterday.
+      Lawson said he was still worried about  the risk of a
+  simultaneous recession in the United States, Japan and West
+  Germany, though less so than when he gave his March 17 budget
+  speech to the British Parliament.
+      "If anything I'm a little bit less concerned, but there is
+  still a risk," he said.
+      Asked if the United States should consider increasing
+  interest rates to support the dollar, he said, "If there is a
+  need for changes in relative interest rates, it doesn't need to
+  be a rise in interest rates in the United States."
+      Lawson said there was some concern expressed in yesterday's
+  meetings at the slow progress the United States had made in
+  reducing its budget deficit.
+      "We believe there will be some worthwhile progress in
+  reducing the deficit this year. The important thing is that it
+  continue year after year," Lawson said.
+      The February 22 Louvre accord called for efforts to
+  stabilize currencies at then-current exchange rates. In the six
+  weeks that followed the Japanese yen continued to rise against
+  the dollar despite massive central bank intervention.
+      Asked whether this intervention was a sign of weakness in
+  the Louvre accord, he said, "I don't think so. If there had been
+  no intervention you would have called that a sign of weakness."
+      Although intervention could be a cause of inflation, Lawson
+  said, "the world does not appear to be in an inflationary mode
+  ... but one has to be vigilant."
+      He said yesterday's G-7 statement, which affirmed that
+  "current levels" of exchange rates were appropriate, had been
+  "carefully worded." "We know what we mean, and we all mean the
+  same thing," he said.
+      Lawson said financial markets seem to believe that Japanese
+  measures outlined in the Louvre accord were the source of
+  weakness for that agreement.
+      Therefore, the G-7 countries welcomed Miyazawa's
+  presentation of plans for a supplemental budget to stimulate
+  domestic demand.
+      They particularly welcomed the goal of an immediate
+  increase in public works spending, but Lawson said the package
+  also involved a second stage to increase expenditures during
+  the second half of this year.
+  
+
diff --git a/reuters/test/15618 b/reuters/test/15618
new file mode 100644
index 0000000000000000000000000000000000000000..700c5546be581df69eccbd924f1c2364948ec744
--- /dev/null
+++ b/reuters/test/15618
@@ -0,0 +1,17 @@
+FRENCH FREE MARKET CEREAL EXPORT BIDS DETAILED
+  French operators have requested licences
+  to export 320,000 tonnes of free market barley, 225,000 tonnes
+  of maize, 25,000 tonnes of free market bread-making wheat and
+  20,000 tonnes of feed wheat at today's EC tender, trade sources
+  said.
+      For the barley, rebates of between 138 and 141.25 European
+  currency units (Ecus) per tonne were sought, for maize they
+  were between 129.65 and 139 Ecus, for bread-making wheat around
+  145 Ecus and for feed wheat around 142.45 Ecus.
+      Barley rebates of up to 138.50 Ecus were requested for a
+  total of 40,000 tonnes and at 139 Ecus for 85,000 tonnes.
+      Rebates of up to 130 Ecus per tonne were requested for a
+  total of 55,000 tonnes maize and up to 131 Ecus for 105,000
+  tonnes, the sources said.
+  
+
diff --git a/reuters/test/15620 b/reuters/test/15620
new file mode 100644
index 0000000000000000000000000000000000000000..ef6f91d616b2f4a2167954f18d8568b2f3daec41
--- /dev/null
+++ b/reuters/test/15620
@@ -0,0 +1,35 @@
+U.K. POTATO FUTURES TRADING NOT TO BE SUSPENDED
+  Trading on the London potato futures
+  market will not be suspended, Richard Harris, Chairman of the
+  London Potato Futures Association (LPFA), said in a statement
+  to floor members.
+      It was in response to strong representations by the Potato
+  Marketing Board (PMB) complaining of a gross distortion of
+  price which they say will result in large deliveries into the
+  physical market when the April futures position expires.
+      The PMB had sought an immediate suspension in futures
+  trading and asked the LPFA to take action to restore the
+  relationship between futures and physicals.
+      Farmers and merchants have alleged a squeeze and cornering
+  of the market but Harris pointed out that recent investigations
+  by the Association of Futures Brokers and Dealers (AFBD), the
+  International Commodities Clearing House (ICCH) and other
+  parties, found no evidence to substantiate this.
+      The main complaint from some sections of the physical
+  market is what they say is an unrealistic futures premium over
+  the PMB's average ex-farm price. April futures traded this
+  morning between 168 and 170 stg per tonne compared with PMB's
+  average price of 104 stg.
+      Bill Englebright, joint secretary of the LPFA said there is
+  a two-tier market for physical potatoes. He said quality
+  potatoes are in short supply and prepackers have been paying
+  between 145 and 165 stg per tonne for best samples. But lesser
+  quality grades have traded below 100 stg.
+      Some merchants fear that a large tonnage will be delivered
+  against the April futures contract between now and the end of
+  the month, and possibly disrupt the physical market.
+      Harris said the LPFA rule book allows the management
+  committee to take steps as necessary to correct any malpractice
+  and he assured the committee is monitoring the situation.
+  
+
diff --git a/reuters/test/15621 b/reuters/test/15621
new file mode 100644
index 0000000000000000000000000000000000000000..eafbc501d89697aa3eaff14e08758c8c0e70f500
--- /dev/null
+++ b/reuters/test/15621
@@ -0,0 +1,20 @@
+GROUP OF 10 WELCOMES LATEST G-7 AGREEMENT
+  The Group of 10 developed nations
+  issued a communique welcoming the reaffirmation of the Paris
+  accord on currency stability by the Group of Seven leading
+  industrial democracies yesterday.
+      In the communique issued this morning, the G-10 said
+  "prospects of member countries' economies would be improved by
+  stability in the exchange rates of their currencies."
+      The G-10 includes the group of seven - the United States,
+  Canada, Britain, Japan, Italy, West Germany and France - plus
+  Belgium, the Netherlands, Sweden and also Switzerland.
+      Sources who attended the G-10 conference this morning said
+  the reference to the latest G-7 agreement was especially added
+  to the brief communique because currency stability will benefit
+  all the G-10 members.
+      The G-10 met briefly before the International Monetary Fund
+  Interim Committee meeting scheduled for today.
+  .
+  
+
diff --git a/reuters/test/15623 b/reuters/test/15623
new file mode 100644
index 0000000000000000000000000000000000000000..b99c698c487d8c2040b953e3b6c9f8ec47bc8845
--- /dev/null
+++ b/reuters/test/15623
@@ -0,0 +1,9 @@
+CANAM MANAC WINS 8.5 MLN DLR CONTRACT
+  (The Canam Manac Group Inc) said its
+  Canam Steel Works unit received a contract valued at 8.5 mln
+  dlrs to supply steel trusses to (Canron Inc) for a new car
+  plant in Ingersoll, Ontario.
+      Canam Manac said it will produce the trusses at its Quebec
+  and Ontario plants and delivery will be completed by August.
+  
+
diff --git a/reuters/test/15624 b/reuters/test/15624
new file mode 100644
index 0000000000000000000000000000000000000000..b931be54664114fe72594a60395ef4f2664de25b
--- /dev/null
+++ b/reuters/test/15624
@@ -0,0 +1,18 @@
+SPOT TIN EASIER ON EUROPEAN FREE MARKET
+  Spot tin on the European free market was
+  indicated in the easier range 4,200 to 4,230 stg per tonne, for
+  high grade metal in warehouse Rotterdam, down 20 stg from
+  yesterday's afternoon kerb close.
+      Stability in sterling versus the dollar continued to apply
+  pressure to a market which is coming close to testing a
+  psychological chart support base at 4,200 stg, traders said.
+      Dealers said major consumers still need to cover their May
+  and June requirements but are holding out for even lower
+  offers. Reported high grade tin business in London was confined
+  to end April metal at 4,225 stg.
+      Small-scale spot business was reported by West German
+  operators at 12.60 and 12.63 marks per kilo although the market
+  was still being undercut by Chinese material, which traded at
+  one stage down to 12.54 marks per kilo, traders said.
+  
+
diff --git a/reuters/test/15625 b/reuters/test/15625
new file mode 100644
index 0000000000000000000000000000000000000000..f5fd7283ed2f52d8320f6ffdd35e8116b089bd4d
--- /dev/null
+++ b/reuters/test/15625
@@ -0,0 +1,48 @@
+DOLLAR ENDS LOWER IN LACKLUSTRE FRANKFURT
+  The dollar drifted down to end one
+  pfennig lower after a lacklustre session, held in limits by the
+  lack of concrete news from the Group of Seven meeting and
+  comments on the edge of the Washington IMF/World Bank meeting.
+      Dealers said the communique early in the European morning
+  from the G-7 meeting contained no significant new factors and
+  although the dollar dipped it generally resisted further
+  attempts to push it lower through the day.
+      The U.S. Currency ended at 1.8270/80 marks, below
+  yesterday's last 1.8365/75.
+      Koch said the assessment of the dollar's direction was
+  based on a global view, with operators paying most attention to
+  comments by finance officials to see how closely they stated
+  adherence to international agreements such as those set at the
+  Plaza Hotel in 1985 and in Paris on February 22.
+      Koch described the wording of the communique from the G-7
+  as "soft as wax."
+      Bundebank vice-president Helmut Schlesinger told Reuters in
+  a telephone interview that the German central bank sees no
+  current reason to change monetary course at present.
+      Schlesinger was responding to questions following remarks
+  yesterday by Bundesbank board member Claus Koehler and West
+  Berlin state central bank president Dieter Hiss, which dealers
+  said revived some speculation that German interest rate cuts
+  may be under consideration.
+      German call money was slightly softer today, at around 3.70
+  pct after 3.80 yesterday.
+      Some dealers said rates on new liquidity injections added
+  via Bundesbank securities repurchase agreements may be cut next
+  week. Hopes of a cut were dashed on Tuesday with an allocation
+  at an unchanged 3.80 pct.
+      But speaking of the pact tender rate next week, Schlesinger
+  said, "since the central bank council gives its opinion on this
+  theme only every 14 days, this is hardly probable."
+      Euromark rates scarcely responded to the central bankers
+  comments, with six months funds ending unaltered at around
+  3-7/8 pct. Eurodollars for the same maturity rose a fractional
+  1/16 pct from yesterday to around 6-11/16 pct.
+      Sterling dipped to end at 2.952/956 marks after 2.960/965
+  last night. The Swiss franc firmed slightly to 120.30/45 marks
+  per 100 from 120.25/40, with the yen soaring however to
+  1.2570/90 marks per 100 from 1.2515/35 yesterday.
+      EMS currencies saw the French franc end unchanged from last
+  night at 30.03/06 marks per 100, with the Belgian franc easing
+  however to 4.829/831 marks per 100 from 4.831/833.
+  
+
diff --git a/reuters/test/15626 b/reuters/test/15626
new file mode 100644
index 0000000000000000000000000000000000000000..d3593791a35c4e107892424474beca2855fa99a0
--- /dev/null
+++ b/reuters/test/15626
@@ -0,0 +1,6 @@
+CONSOLIDATED PAPERS INC <CPER> 1ST QTR NET
+  Shr 1.01 dlrs vs 1.08 dlrs
+      Net 21,983,000 vs 23,434,000
+      Sales 174.9 mln vs 161.7 mln
+  
+
diff --git a/reuters/test/15629 b/reuters/test/15629
new file mode 100644
index 0000000000000000000000000000000000000000..b261f9b8ee09e9c8f2322e0ba93040918e5568f0
--- /dev/null
+++ b/reuters/test/15629
@@ -0,0 +1,11 @@
+HUMANA <HUM> TO SELL MEDICAL OFFICES
+  Humana Inc said it has agreed in
+  principle to sell 68 MedFirst primary medical care facilities
+  to <Primedical Corp> for undisclosed terms, with transfers
+  taking place over the next four months.
+      It said it retains 37 MedFirst offices, mostly in the
+  Chicago area.
+      The transaction is not expected to have any impact on
+  earnings, Humana said.
+  
+
diff --git a/reuters/test/15632 b/reuters/test/15632
new file mode 100644
index 0000000000000000000000000000000000000000..f6bffa2363a94218e2f0ac21b8b27fe412cf7b1d
--- /dev/null
+++ b/reuters/test/15632
@@ -0,0 +1,13 @@
+MET-COIL SYSTEMS CORP<METS> 3RD QTR FEB 28 NET
+  Shr seven cts vs nine cts
+      Net 168,000 vs 206,000
+      Sales 15.3 mln vs 10.9 mln
+      Nine mths
+      Shr 10 cts vs 38 cts
+      Net 228,000 vs 649,000
+      Sales 35.8 mln vs 32.5 mln
+      Qtly div three cts vs three cts prior
+      Pay April 30
+      Record April 20
+  
+
diff --git a/reuters/test/15634 b/reuters/test/15634
new file mode 100644
index 0000000000000000000000000000000000000000..b331d0eec209d42b7e2abe6d45df8c020a1fddfa
--- /dev/null
+++ b/reuters/test/15634
@@ -0,0 +1,5 @@
+FORD RAISES QTLY PAYOUT 10 CTS/SHR TO 75 CTS
+
+  FORD RAISES QTLY PAYOUT 10 CTS/SHR TO 75 CTS
+  
+
diff --git a/reuters/test/15636 b/reuters/test/15636
new file mode 100644
index 0000000000000000000000000000000000000000..1dba44d5f6670774206be9309d6666e110eb7980
--- /dev/null
+++ b/reuters/test/15636
@@ -0,0 +1,11 @@
+LAWSON SEES NO CHANGE IN U.K. MONETARY POLICY
+  British Chancellor of the Exchequer
+  Nigel Lawson said he saw no immediate implications for British
+  monetary policy arising from the Group of Seven meeting
+  yesterday.
+      "Exchange rate stability is in the U.K.'s interest," he told
+  journalists.
+      Asked what it meant for U.K. monetary policy, he said, "No,
+  I do not think there are any immediate implications."
+  
+
diff --git a/reuters/test/15637 b/reuters/test/15637
new file mode 100644
index 0000000000000000000000000000000000000000..301962856a586f2a1e36bb8c88c1cae2b487fdbe
--- /dev/null
+++ b/reuters/test/15637
@@ -0,0 +1,6 @@
+FORD MOTOR CO <F> RAISES QTLY PAYOUT
+  Qtly div 75 cts vs 65 cts prior
+      Pay June one
+      Record May one
+  
+
diff --git a/reuters/test/15639 b/reuters/test/15639
new file mode 100644
index 0000000000000000000000000000000000000000..d0d6be8d093dee13b0d3ff05c97bed6e82a63afc
--- /dev/null
+++ b/reuters/test/15639
@@ -0,0 +1,66 @@
+TALKING POINT/STEEL COMPANIES
+  Steel stocks, which have had a healthy
+  runup recently, still present some short term investment
+  opportunities, according to some steel analysts.
+      But others say the upturn, based on strong orders and firm
+  prices this spring, has been strictly seasonal and will end
+  soon. They recommend taking profits.
+      "It's that time of year. This is strictly seasonal," said
+  Charles Bradford of Merrill Lynch and Co. "Orders will be
+  strong for about two months, and there are signs that some
+  (order rates) are starting to dive already."
+      But Dean Witter Reynolds Inc analyst Clarence Morrison sees
+  some short-term potential in the group, which includes USX Corp
+  <X>, Bethlehem Steel Corp <BS>, Armco Inc <AS> and Inland Steel
+  Industries Inc <IAD>.
+      "There is still some attractiveness to steels over the
+  short- to intermediate-term based on improved order rates and
+  rising prices," Morrison said. He only recommends one stock,
+  however, Inland, which is modernizing steelmaking operations to
+  make them more efficient.
+      Despite his bearishness, Merrill's Bradford continues to
+  recommend Armco, which he sees as a major turnaround.
+      Armco's steelmaking operations are profitable, the balance
+  sheet has been improved, and its oilfield equipment business
+  has been slimmed and put in a joint venture with USX, Bradford
+  noted. "It's not a high-quality investment situation yet but
+  they've come a long way," he said.
+      "We think the stock will do moderately better than the
+  market," he said. Armco shares, trading off 1/4 at 10 today,
+  could go to 12, and possibly as high as 15, he said.
+      Bradford sees Armco earning 50 to 75 cts a share in 1987,
+  before special gains from recouped investment tax credits,
+  against losses last year.
+      Armco's 1988 earnings could be significantly higher, he
+  said.
+      Bradford is recommending sale of USX shares. "We had a buy
+  on it below 20 but when it gets to 28, let somebody else have
+  it," he said.
+      The steel and energy concern will earn about one dlr a
+  share in 1987, about half of that coming from asset sales, and
+  from two dlrs to 2.50 dlrs in 1988, Bradford said. "But a lot
+  depends on oil prices," he added. About 60 pct of USX's sales
+  come from oil and natural gas.
+      Other analysts, including Michelle Galanter Applebaum of
+  Salomon Brothers Inc, recommend USX. "The company's done a lot
+  (of restructuring), more than the market's given them credit
+  for," she said.
+      She sees the stock going to the mid 30s or higher. USX was
+  trading up 1/8 at 28-1/2. She predicts USX will earn 18 cts a
+  share this year and 2.73 dlrs next year against large losses in
+  1986.
+      Applebaum, who is also positive on Armco and Inland, has
+  been recommending the stocks since last November.
+      Peter Marcus of Painewebber Inc is neutral on the group
+  although he said the earnings outlook is improved through the
+  third quarter.
+      But he sees potential trouble beyond then. "I think (steel)
+  prices on a bookings basis will start to drop by the summer,"
+  he said.
+      Applebaum of Salomon Brothers also sees some seasonal
+  dropoff later in the year. "But there are more positives than
+  negatives," she said, citing reduced capacity in the domestic
+  industry, better prices, and a weaker dollar, which should
+  cause steel imports to drop off slightly from last year.
+  
+
diff --git a/reuters/test/15640 b/reuters/test/15640
new file mode 100644
index 0000000000000000000000000000000000000000..743b5fd8009929eebffa35b4ecf79400359ba7cf
--- /dev/null
+++ b/reuters/test/15640
@@ -0,0 +1,10 @@
+DEKALB CORP <DKLBB> 2ND QTR FEB 28 NET
+  Shr 20 cts vs 14 cts
+      Net 2.4 mln vs 1.7 mln
+      Revs 136.7 mln vs 174.4 mln
+      Six Mths
+      SDhr 72 cts vs 82 cts
+      Net 8.6 mln vs 9.9 mln
+      Revs 212.5 mln vs 268.8 mln
+  
+
diff --git a/reuters/test/15641 b/reuters/test/15641
new file mode 100644
index 0000000000000000000000000000000000000000..1dac5657e42d241f906150870ddb1d2458c3cb4d
--- /dev/null
+++ b/reuters/test/15641
@@ -0,0 +1,20 @@
+ABBOTT <ABT> SEES GAINS FROM WEAKER DOLLAR
+  Abbott Laboratories Inc said
+  its 1987 first quarter record results reflected continued
+  productivity improvement, higher volume, better product mix and
+  a weaker U.S. dollar.
+      Abbott reported 1987 first quarter earnings rose to a
+  record 142 mln dlrs or 62 cts a share on record sales of one
+  billion dlrs.
+      Research and development expenses, most of which was
+  applied to diagnostic and pharmaceutical products, increased by
+  23 pct to 78 mln dlrs, it said.
+      Sales of pharmaceutical and nutritional products were 548
+  mln dlrs in the first quarter, up 17.6 pct over a year ago,
+  Abbott said. Hospital and laboratory product sales in the first
+  quarter rose 14.1 pct to 456 mln dlrs, it said.
+      First quarter sales in domestic markets advanced 11.5 pct
+  to 688 mln dlrs while international sales jumped 27.1 pct to
+  316 mln dlrs, Abbott said.
+  
+
diff --git a/reuters/test/15642 b/reuters/test/15642
new file mode 100644
index 0000000000000000000000000000000000000000..4504ce94d77b8e2b640129775accc34739199c9f
--- /dev/null
+++ b/reuters/test/15642
@@ -0,0 +1,17 @@
+EASTERN DISTRIBUTIVE BEEF TRADE WEEKLY - USDA
+  Demand good for moderate
+  supplies of most beef cuts, However, limited interest noted for
+  tenderloins/flank steaks. Yield grade 2-3 beef cuts, fabricated
+  items, vacuum packed.
+                            LBS    CHOICE
+   ROUND CUTS -steady/up 11.00                 
+   160 round, part bnls     50-85  few 137
+   161 round, bnls          42-80  few 147
+   161 diamond cut          49-85  few 149
+   167 knuckle               8-15  few 148
+   167a knuckle, peeled      8-15  few 163
+   168 top inside round     14-26  165-175
+   170 bottom gooseneck rnd 18-33  131-135
+   More
+  
+
diff --git a/reuters/test/15643 b/reuters/test/15643
new file mode 100644
index 0000000000000000000000000000000000000000..af31cc5cf715fc50a426f1b0ea1dab60ae16e696
--- /dev/null
+++ b/reuters/test/15643
@@ -0,0 +1,17 @@
+BRAZIL COTTON CROP LOWER -- USDA REPORT
+  Brazil's 1986/87 cotton crop estimate
+  has been reduced to 710,000 from 735,000 tonnes (lint basis),
+  the U.S. Agriculture Department's officer in Sao Paulo said in
+  a field report.
+      The report, dated April 7, said the reduction is based on
+  an expected smaller harvest in the center-south region.
+      The center-south crop is now estimated at 550,000 tonnes --
+  25,000 tonnes below the previous estimate.
+      Hot, dry weather during part of January and excessive rains
+  in some areas in February reduced yield prospects and may have
+  affected quality, the report said.
+      Nearly 60 pct of the crop has been harvested in Parana and
+  slightly less in Sao Paulo, it said. Cotton entering gins is of
+  fairly good quality, according to trade sources, it said.
+  
+
diff --git a/reuters/test/15646 b/reuters/test/15646
new file mode 100644
index 0000000000000000000000000000000000000000..11bcdba163315d07c8ff105635d646676f776be0
--- /dev/null
+++ b/reuters/test/15646
@@ -0,0 +1,5 @@
+TREASURY'S BAKER SAYS TRADE, CURRENT ACCOUNT IMBALANCES "SIMPLY NOT SUSTAINABLE"
+
+  TREASURY'S BAKER SAYS TRADE, CURRENT ACCOUNT IMBALANCES "SIMPLY NOT SUSTAINABLE"
+  
+
diff --git a/reuters/test/15648 b/reuters/test/15648
new file mode 100644
index 0000000000000000000000000000000000000000..f89c5818eaa32f9348e88c50d6278d21c21eaa9f
--- /dev/null
+++ b/reuters/test/15648
@@ -0,0 +1,5 @@
+EC AUTHORISES EXPORT 55,000 TONNES MAIZE,  MAXIMUM REBATE 130 ECUS/TONNE - TRADE SOURCES.
+
+  EC AUTHORISES EXPORT 55,000 TONNES MAIZE,  MAXIMUM REBATE 130 ECUS/TONNE - TRADE SOURCES.
+  
+
diff --git a/reuters/test/15649 b/reuters/test/15649
new file mode 100644
index 0000000000000000000000000000000000000000..660d8272f41ec72f433888d4979d8747b68eb39b
--- /dev/null
+++ b/reuters/test/15649
@@ -0,0 +1,5 @@
+EC AUTHORISES EXPORT 65,000 TONNES BARLEY,  MAXIMUM REBATE 138.75 ECUS - BRUSSELS TRADE
+
+  EC AUTHORISES EXPORT 65,000 TONNES BARLEY,  MAXIMUM REBATE 138.75 ECUS - BRUSSELS TRADE
+  
+
diff --git a/reuters/test/15651 b/reuters/test/15651
new file mode 100644
index 0000000000000000000000000000000000000000..fa9e6d538c8ecb9fe5d3b61254aea39cc69fc2bc
--- /dev/null
+++ b/reuters/test/15651
@@ -0,0 +1,5 @@
+RJR NABISCO FIRST QUARTER NET TO INCLUDE 208 MLN DLR GAIN, 209 MLN DLR CHARGE
+
+  RJR NABISCO FIRST QUARTER NET TO INCLUDE 208 MLN DLR GAIN, 209 MLN DLR CHARGE
+  
+
diff --git a/reuters/test/15653 b/reuters/test/15653
new file mode 100644
index 0000000000000000000000000000000000000000..430425c3a88afbc442c2cf86f5b852546b3de15a
--- /dev/null
+++ b/reuters/test/15653
@@ -0,0 +1,21 @@
+BRAZIL COCOA EXPORTERS UNLIKELY TO LIMIT SALES
+  Brazilian cocoa exporters are not
+  likely to follow the example of Cocoa Producers Alliance, CPA,
+  members, who may limit sales of the product in an effort to
+  boost world prices, trade sources said.
+      They said a similar procedure was taken in the past in
+  Brazil and that it did not work out according to plans.
+      "The cocoa market is completely free. Unlike coffee, which
+  is controlled through export registrations, cocoa exporters in
+  Brazil operate at their own free will," a trade source said.
+      The traders were responding to questions whether they would
+  follow the example of CPA members meeting in Yaounde.
+      The sources said the Banco do Brasil's Foreign Trade
+  Department, CACEX, never interferes in the cocoa market by
+  rejecting sales that do not meet certain price or shipment
+  criteria.
+      "The position of local producers is always to negotiate as
+  they please. If they buy for ten and sell for eleven and think
+  it's a good deal, they are free to go ahead," one source added.
+  
+
diff --git a/reuters/test/15655 b/reuters/test/15655
new file mode 100644
index 0000000000000000000000000000000000000000..5aa4db788d84354c820217bf5c59bbf025c20018
--- /dev/null
+++ b/reuters/test/15655
@@ -0,0 +1,9 @@
+HEALTH/REHABILITATION <HRP> SETS FIRST PAYOUT
+  Health and Rehabilitation
+  Properties Trust said its board declared an initial dividend of
+  55 cts, including 50 cts for the first quarter just ended and
+  five cts from its initial operating period that began December
+  23.
+      The dividend is payable May 30, record April 20.
+  
+
diff --git a/reuters/test/15656 b/reuters/test/15656
new file mode 100644
index 0000000000000000000000000000000000000000..16a2853f8153e871c5630dcb607e40f16c8d3d82
--- /dev/null
+++ b/reuters/test/15656
@@ -0,0 +1,31 @@
+U.S. TREASURY'S BAKER SAYS RATE SHIFTS ORDERLY
+  Treasury Secretary James Baker said
+  that changes in exchange rates have generally been orderly and
+  have improved the prospects for a reduction in external
+  imbalances to more sustainable levels.
+      In remarks before the IMF's policy-making Interim
+  Committee, Baker reiterated a Group of Seven statement last
+  night that the substantial exchange rate changes since the
+  Plaza agreement 18 months ago have "now brought currencies
+  within ranges broadly consistent with economic fundamentals."
+      Baker said, "These exchange rate shifts have generally been
+  orderly, and have improved prospects for the reduction of
+  external imbalances to more sustainable levels."
+      As they are today, the trade and current account imbalances
+  "simply are not sustainable," Baker told the ministers.
+      He said that the Reagan administration was resisting "strong
+  domestic pressure" for trade protection and was working closely
+  with the U.S. Congress in crafting a trade bill.
+      "While we cannot yet be sure of the outcome, we are doing
+  what we can to ensure that the bill is not protectionist," he
+  said.
+      Baker also urged the International Monetary Fund's
+  executive board to review possible modifications to the Fund's
+  compensatory financing facility before the annual meeting this
+  fall.
+      "We should pay particular attention to the lack of
+  continuing conditionality associated with the use of the CFF
+  and to whether shortfalls in export earnings are indeed
+  temporary," he said.
+  
+
diff --git a/reuters/test/15664 b/reuters/test/15664
new file mode 100644
index 0000000000000000000000000000000000000000..dfe6bf5c5620630623fa1d9e407ab75a19b331aa
--- /dev/null
+++ b/reuters/test/15664
@@ -0,0 +1,9 @@
+TIME <TL> TO SELL PART OF UNIT
+  Time Inc said its Time-Life Video Inc
+  subsidiary has agreed in principle to sell its institutional
+  training business to Time-Life Video president William V.
+  Ambrose for undisclosed terms.
+      It said the business will operate as Ambrose Video
+  Publishing.
+  
+
diff --git a/reuters/test/15666 b/reuters/test/15666
new file mode 100644
index 0000000000000000000000000000000000000000..0407e3e72fc0cb7ddd33f5b9728a806f98561f7a
--- /dev/null
+++ b/reuters/test/15666
@@ -0,0 +1,14 @@
+SPRINKEL SAYS TAX HIKE WOULD NOT REDUCE DEFICIT
+  Council of Economic Advisers chairman
+  Beryl Sprinkel said the Reagan Administration remains strongly
+  opposed to a tax increase, including 18 billion dlrs of new
+  revenues in the budget plan by Congressional Democrats.
+      "We believe that significant increases in taxes would not
+  reduce deficits and could have adverse effects on growth,"
+  Sprinkel told the House Rules Committee.
+      He said the Administration wanted to continue its policy of
+  gradually reducing deficits through restraining government
+  spending and promoting economic growth. Sprinkel said cutting
+  the budget deficit was the best way to lower the trade deficit.
+  
+
diff --git a/reuters/test/15667 b/reuters/test/15667
new file mode 100644
index 0000000000000000000000000000000000000000..242ac15a9f763ba032387481b7bc26c12748dda1
--- /dev/null
+++ b/reuters/test/15667
@@ -0,0 +1,16 @@
+ROYAL BUSINESS GROUP INC <ROY> 2ND QTR MARCH ONE
+  Shr 49 cts vs five cts
+      Shr diluted 45 cts vs five cts
+      Net 651,000 vs 95,000
+      Revs not given
+      1st half
+      Shr 57 cts vs one ct
+      Shr diluted 53 cts vs one ct
+      Net 781,000 vs 56,000
+      Revs not given
+      NOTE: Current year net both periods includes gain 873,000
+  dlrs from repurchase of securities.
+      Results exclude Business Forms Division, which is to be
+  sold.
+  
+
diff --git a/reuters/test/15668 b/reuters/test/15668
new file mode 100644
index 0000000000000000000000000000000000000000..1e37b64d967a33212dfeb4c9298fb7cd5e5afefc
--- /dev/null
+++ b/reuters/test/15668
@@ -0,0 +1,13 @@
+<MSE CABLE SYSTEMS INC> 4TH QTR NET
+  Shr nil vs nil
+      Net 18,534 vcs 27,431
+      Revs 270,032 vs 188,326
+      Avg shrs 6,598,871 vs 6,090,576
+      Year
+      Shr nil vs nil
+      Net 47,299 vs 21,570
+      Revs 1,004,392 vs 677,909
+      Avg shrs 6,618,063 vs 5,931,324
+      NOTE: Share adjusted for one-for-11 reverse split.
+  
+
diff --git a/reuters/test/15669 b/reuters/test/15669
new file mode 100644
index 0000000000000000000000000000000000000000..523cd200fec1885ad510fb81b951e22775c01e0f
--- /dev/null
+++ b/reuters/test/15669
@@ -0,0 +1,10 @@
+RULE INDUSTRIES INC <RULE> 2ND QTR FEB 28 NET
+  Shr 17 cts vs 10 cts
+      Net 408,000 vs 237,000
+      Revs 8,863,000 vs 6,738,000
+      1st half
+      Shr 27 cts vs 15 cts
+      Net 647,000 vs 356,000
+      Revs 17.2 mln vs 12.5 mln
+  
+
diff --git a/reuters/test/15672 b/reuters/test/15672
new file mode 100644
index 0000000000000000000000000000000000000000..e59c1059da46b22d86cedb92eee2cd30afab6606
--- /dev/null
+++ b/reuters/test/15672
@@ -0,0 +1,9 @@
+NEW JERSEY INVESTOR BUYS 5.2 PCT OF KINARK <KIN>
+  A New Jersey investor, Joseph
+  Falkenstein, told the Securities and Exchange Commission he
+  holds 5.2 pct of the shares of Kinark Corp.
+      He said he has no plans to change the company and that he
+  bought the shares because he believed the stock was undervalued
+  and would rise in the next six months.
+  
+
diff --git a/reuters/test/15674 b/reuters/test/15674
new file mode 100644
index 0000000000000000000000000000000000000000..5564114042226c3cdf07d8973a5786651639c89b
--- /dev/null
+++ b/reuters/test/15674
@@ -0,0 +1,33 @@
+NATIONAL DISTILLERS <DR> SEES SECOND QTR GAIN
+  National Distillers and Chemical Corp
+  expects to realize a second quarter after-tax gain of four dlrs
+  per share from the 545 mln dlr sale of its spirits business to
+  American Brands Inc <AMB>.
+      National Distillers' stock rose 1-1/8 to 65-1/2, after an
+  opening delay on the New York Stock exchange for an imbalance
+  of orders.
+      "I think the sales price was higher than most people
+  expected," said John Henry of E.F. Hutton Group.
+      A company spokeswoman said the four dlr per share gain will
+  be included in second quarter net, which compares with 31 cts
+  per share last year, including the spirits and wine business
+      "They netted over 700 mln dlrs for spirits and wine. That
+  will ease their interest cost burden," said Henry.
+      National Distillers sold its wine business last month to
+  Grand Metropolitan PLC's Heublein Inc for 128 mln dlrs.
+      Henry said he had anticipated National Distillers would net
+  only 600 mln dlrs at the most from the sale of the two liquor
+  businesses.
+      Henry said the company recovered from the sales the cost of
+  buying Enron Chemicals in the fourth quarter last year.
+  National Distillers paid 570 mln dlrs cash for Enron and
+  assumed 34 mln dlrs in debt. National Distillers said at the
+  time it bought Enron it would sell the spirits and wine
+  businesses, moving more into the chemical area.
+      For 1986, two thirds of income were from chemicals and
+  propane. National Distillers earned, excluding the liquor
+  businesses, 2.21 dlrs per share for 1986. Income from
+  discontinued operations, including the liquor businesses, was
+  67 cts per share.
+  
+
diff --git a/reuters/test/15675 b/reuters/test/15675
new file mode 100644
index 0000000000000000000000000000000000000000..96a1993d65fa0d903ee4d396385fb134dec7c7ae
--- /dev/null
+++ b/reuters/test/15675
@@ -0,0 +1,15 @@
+WEATHER HURTS ITALIAN ORANGES - USDA REPORT
+  Unfavorable weather conditions during
+  the second week of March caused damage to oranges in the
+  Calabria region in southern Italy, the U.S. Agriculture
+  Department's officer in Rome said in a field report.
+      The report, dated April 3, said the region accounts for
+  about 22,000 hectares of the Italian orange crop or about 26
+  pct of total production.
+      However, orange production in the region for marketing year
+  1986/87 is forecast at 565,000 tonnes or 25 pct of the total
+  Italian orange crop, it said.
+      The report said trade contacts agree that about 15 pct of
+  the orange output in Calabria was damaged by frost.
+  
+
diff --git a/reuters/test/15676 b/reuters/test/15676
new file mode 100644
index 0000000000000000000000000000000000000000..731054b719c38e9fbfbe53683896b4518f3755db
--- /dev/null
+++ b/reuters/test/15676
@@ -0,0 +1,9 @@
+EC GRANTS FREE MARKET BARLEY, MAIZE EXPORTS
+  The European Commission authorised the
+  export of 65,000 tonnes of free market barley at today's tender
+  at a maximum rebate of 138.75 European currency units and
+  55,000 tonnes of French maize at 130 Ecus, grain traders here
+  said.
+      It rejected bids for breadmaking and feed wheat, they said.
+  
+
diff --git a/reuters/test/15677 b/reuters/test/15677
new file mode 100644
index 0000000000000000000000000000000000000000..3b33c760f8d7af30cf099d856b3c3d3d7264c20f
--- /dev/null
+++ b/reuters/test/15677
@@ -0,0 +1,5 @@
+FED BUYING DOLLARS FOR YEN IN OPEN MARKET, NEW YORK DEALERS SAY
+
+  FED BUYING DOLLARS FOR YEN IN OPEN MARKET, NEW YORK DEALERS SAY
+  
+
diff --git a/reuters/test/15679 b/reuters/test/15679
new file mode 100644
index 0000000000000000000000000000000000000000..a429f0771f36a07eaf2e2cb3be8b6e3bccc49752
--- /dev/null
+++ b/reuters/test/15679
@@ -0,0 +1,12 @@
+WASTE RECOVERY INC <WRII> 4TH QTR NET
+  Shr loss eight cts vs loss nine cts
+      Net loss 311,255 vs loss 157,941
+      Revs 546,069 vs 284,636
+      Avg shrs 3,790,235 vs 1,819,680
+      Year
+      Shr loss 27 cts vs loss 24 cts
+      Net loss 858,624 vs loss 399,385
+      Revs 1,491,518 vs 1,407,441
+      Avg shrs 3,175,157 vs 1,692,700
+  
+
diff --git a/reuters/test/15680 b/reuters/test/15680
new file mode 100644
index 0000000000000000000000000000000000000000..b92514da6dad0e9950409837591430c10d7d0fb5
--- /dev/null
+++ b/reuters/test/15680
@@ -0,0 +1,9 @@
+BRANCH CORP <BNCH> 1ST QTR NET
+  Shr primary 99ct vs 82 cxts
+      Shr diluted 93 cts vs 78 cts
+      Net 7,784,000 vs 6,357,000
+      Assets 3.25 billion vs 2.74 billion
+      Deposits 2.58 billion vs 2.24 billion
+      Loans 2.20 billion vs 1.81 billion
+  
+
diff --git a/reuters/test/15682 b/reuters/test/15682
new file mode 100644
index 0000000000000000000000000000000000000000..6bee7460b317a130014ef62a070d2e75a78ec4c7
--- /dev/null
+++ b/reuters/test/15682
@@ -0,0 +1,9 @@
+KURZ-KASCH UPS STAKE IN COMPONENT TECH <CTEC>
+  Kurz-Kasch Inc, a Dayton thermoset
+  molding maker, told the Securities and Exchange Commission it
+  had increased its holdings in Component Technology Corp by two
+  pct, to 9.3 pct.
+      It said it bought the 39,000 shares of stock at 5.30-6.875
+  dlrs a share for investment purposes.
+  
+
diff --git a/reuters/test/15686 b/reuters/test/15686
new file mode 100644
index 0000000000000000000000000000000000000000..4e85223227e1d448c398d05966d3cb3c0ae4f4f3
--- /dev/null
+++ b/reuters/test/15686
@@ -0,0 +1,30 @@
+BRAZIL SOYBEAN YIELDS SEEN AVERAGE - USDA REPORT
+  Based on field travel in the
+  Brazilian state of Parana, soybean yields should be about
+  average or 2.0 to 2.2 tonnes per hectare, the U.S. Agriculture
+  Department's officer in Sao Paulo said in a field report.
+      The report, dated March 24, noted Parana accounts for about
+  20 to 24 pct of Brazil's total soybean crop.
+      It said generally favorable weather from early December
+  through February helped compensate for earlier dryness.
+      However, hot, dry weather during the past 20 to 30 days
+  followed by an unseasonably brief cold spell during the second
+  week of march has raised concern about late planted soybeans
+  which are still immature, but the impact may be localized, the
+  report said.
+      The corn crop is expected to be a record and will create
+  serious storage problems, the report said.
+      Due to favorable support prices, corn area increased by
+  more than 25 pct at the expense of soybeans, and yields are
+  expected to be above average, it said.
+      Due to late plantings only about 20 pct of the corn crop
+  crop has been harvested.
+      During the field trip long truck lines were noted at grain
+  elevators where preference is given to soybeans over corn, the
+  report said.
+      New crop wheat plantings are expected to decline  -- Parana
+  accounts for about 60 pct of total production. Major reasons
+  for the decline are expected reduced government support price
+  and good summer crop harvests.
+  
+
diff --git a/reuters/test/15688 b/reuters/test/15688
new file mode 100644
index 0000000000000000000000000000000000000000..8b0ad26b5564541c9d11966e3d09137cd023b15b
--- /dev/null
+++ b/reuters/test/15688
@@ -0,0 +1,6 @@
+ZAYRE CORP <ZY> RAISES QUARTERLY
+  Qtly div 10 cts vs eight cts prior
+      Pay June Four
+      Record May 14
+  
+
diff --git a/reuters/test/15689 b/reuters/test/15689
new file mode 100644
index 0000000000000000000000000000000000000000..f4a55fb1e6163c29bc2728e4e9e9753f88ace5c3
--- /dev/null
+++ b/reuters/test/15689
@@ -0,0 +1,14 @@
+FED SEEN BUYING DOLLARS FOR YEN IN OPEN MARKET
+  The Federal Reserve was detected buying
+  dollars for yen in the open market as the dollar fell to a
+  40-year low of 144.60 yen in nervous late morning trading,
+  currency dealers said.
+       They said the size of the intervention was relatively
+  modest so far but it was a clear indication that the U.S.
+  remained committed to the late February Paris currency
+  stabilization accord, which was reaffirmed in Washington last
+  night.
+      A Fed spokeswoman had no comment on the dealer reports.
+      The dollar hovered around 144.70 just before midday.
+  
+
diff --git a/reuters/test/15691 b/reuters/test/15691
new file mode 100644
index 0000000000000000000000000000000000000000..07aeaa33f70e21ee9b88bb5ceac9d2b6728326b7
--- /dev/null
+++ b/reuters/test/15691
@@ -0,0 +1,20 @@
+RJR NABISCO <RJR> HAS OFFSETTING GAINS, CHARGES
+  RJR Nabisco Inc said its
+  1987 first quarter results will include an after-tax gain of
+  208 mln dlrs from the sale of Heublein Inc and offsetting
+  charges.
+      The company said its operations are performing well and in
+  line with expectations.
+      RJR Nabisco said the charges reflect reserves it
+  established to cover certain expenses.
+      RJR Nabisco said the expenses covered, on after-tax basis,
+  include --
+      -- 50 mln dlrs for the write-down of redundant equipment
+  and facilities resulting from modernization of its U.S. tobacco
+  operations,
+      -- 79 mln dlrs for continuing restruction of its food
+  subsidiaries, and
+      -- 80 mln dlrs in connection with the early retirement of
+  high coupon debt.
+  
+
diff --git a/reuters/test/15692 b/reuters/test/15692
new file mode 100644
index 0000000000000000000000000000000000000000..c40f47f6ac717749faecce70d0b103dee99f8c81
--- /dev/null
+++ b/reuters/test/15692
@@ -0,0 +1,10 @@
+BAYBANKS INC <BBNK> 1ST QTR NET
+  Oper shr 1.08 dlrs vs 96 cts
+      Oper shr diluted 1.02 dlrs vs 89 cts
+      Oper net 16.1 mln vs 12.8 mln
+      Avg shrs 14.9 mln vs 13.4 mln
+      Avg shrs 16.1 mln vs 14.8 mln
+      NOTE: 1987 net excludes gain 4,820,000 dlrs from cumulative
+  effect of change in calculating depreciation expense.
+  
+
diff --git a/reuters/test/15694 b/reuters/test/15694
new file mode 100644
index 0000000000000000000000000000000000000000..7b2582163f2eedd7c326731783e4b23eb0dc35f1
--- /dev/null
+++ b/reuters/test/15694
@@ -0,0 +1,14 @@
+FRANCE'S BALLADUR SAYS TARGET ZONE NOTION NEARER
+  French Finance Minister Edouard
+  Balladur said that the financial community is closer to
+  arriving at a system of target zones for currencies despite the
+  fact that little is being said about them.
+      Speaking with reporters at the semiannual meetings of the
+  International Monetary Fund, Balladur said, "We are not very far
+  from the notion of target zones, even if we don't say so."
+      He told reporters that "our ideas are progressing," adding
+  that the finance ministers have been talking about more
+  cooperation on economic policies and on levels around which
+  currencies should stabilize.
+  
+
diff --git a/reuters/test/15695 b/reuters/test/15695
new file mode 100644
index 0000000000000000000000000000000000000000..ec641d30bce48a7be2394dec14093354722e759a
--- /dev/null
+++ b/reuters/test/15695
@@ -0,0 +1,6 @@
+STUDENT LOAN MARKETING ASSOCIATION <SLM> 1ST QTR
+  Shr 95 cts vs 71 cts
+      Net 42.4 mln vs 34.5 mln
+      Assets 18.61 billion vs 15.66 billion
+  
+
diff --git a/reuters/test/15696 b/reuters/test/15696
new file mode 100644
index 0000000000000000000000000000000000000000..99ee8cdde06db2487fc1187bdf09396cb210d691
--- /dev/null
+++ b/reuters/test/15696
@@ -0,0 +1,17 @@
+FIRE AT TATE/LYLE LONDON JETTY HALTS UNLOADING
+  No raw sugar is being unloaded at Tate
+  and Lyles refinery at Silvertown on the River Thames following
+  a fire yesterday afternoon, Tate and Lyle Plc said.
+      The fire destroyed a large sector of the main conveyor from
+  the raw sugar jetty to the weighhouse.
+      The company said it is not yet known how long the jetty
+  will be out of use but it hoped that by tomorrow unloading of
+  the bulk carrier Mykon Wave will be able to continue using
+  temporary arrangements, Tate and Lyle said.
+      The Mykon Wave arrived in the port recently with about
+  18,300 tonnes of bulk sugar from Maputo in Swaziland. About
+  1,600 tonnes remain to be discharged.
+      Five other ships loaded with raw sugar are awaiting at
+  Silvertown to be discharged, Tate and Lyle added.
+  
+
diff --git a/reuters/test/15698 b/reuters/test/15698
new file mode 100644
index 0000000000000000000000000000000000000000..88c73530b2ad3af419fc73b42e7c6dc0f0c2472d
--- /dev/null
+++ b/reuters/test/15698
@@ -0,0 +1,14 @@
+JP INDUSTRIES <JPI> CONFIRMS PROPOSAL
+  JP Industries Inc confirmed the
+  announcement by Clevite Industries Inc <CLEV> that JP
+  Industries has submitted a proposal to Clevite for the
+  acquisition of the company at 13.50 dlrs per share in cash.
+      John Psarouthakis, chairman and president of JP Industries,
+  said that the company hopes to promptly negotiate an agreement
+  with the special committee of Clevite's board.
+      In February, JP Industries said it purchased Clevite's
+  engine parts division.
+      JP Industries said it is not aware of any other reason for
+  activity in its stock.
+  
+
diff --git a/reuters/test/15702 b/reuters/test/15702
new file mode 100644
index 0000000000000000000000000000000000000000..d55458a9443f39e3717dad5b7fea053abaad4f2d
--- /dev/null
+++ b/reuters/test/15702
@@ -0,0 +1,6 @@
+MEDITRUST <MTRUS> RAISES QUARTERLY
+  Qtly div 43 cts vs 38 cts prior
+      Pay May 15
+      Record April 30  
+  
+
diff --git a/reuters/test/15703 b/reuters/test/15703
new file mode 100644
index 0000000000000000000000000000000000000000..f991ef67c51b7711884e0433c7ec960767dad10c
--- /dev/null
+++ b/reuters/test/15703
@@ -0,0 +1,23 @@
+MONSANTO <MTC> UNIT SEES OPERATING LOSS IN 1987
+  Monsanto Corp's G.D. Searle and Co unit
+  said it will report an operating loss for 1987, mainly due to
+  expenses for research and development.
+      Searle chairman Sheldon Gilgore said Searle's operating
+  loss in 1987 will be less than the 87 mln dlr operating loss in
+  1986.
+      He said Searle's first quarter sales will be up 21.8 pct to
+  179 mln dlrs from 147 mln dlrs in the year ago quarter. In 1986
+  Searle's sales were 665 mln dlrs.
+      Gilgore said the company intends to have sales of three
+  billion dlrs by the mid-1990s.
+      He said the company anticipates approval in Japan, the
+  U.S., Italy, Spain and the U.K. for its ulcer treatment drug
+  Cytotech.
+      He also said that in a paper not yet published the drug was
+  shown to prevent a flare-up of ulcers for a longer period of
+  time than Tagamet, made by SmithKline Beckman Corp <SKB>.
+      Other drugs in Searle's pipeline include tissue plasminogen
+  activator (TPA), made by a different process than Genentech's
+  <GENE> TPA, expected to be approved for marketing this year.
+  
+
diff --git a/reuters/test/15704 b/reuters/test/15704
new file mode 100644
index 0000000000000000000000000000000000000000..dd344c7588ee7b0c3d1226f872d3837817ad5291
--- /dev/null
+++ b/reuters/test/15704
@@ -0,0 +1,18 @@
+STATUS GAME CORP <STGM> 3RD QTR FEB 28 NET
+  Oper shr six cts vs one ct
+      Oper net 194,109 vs 28,751
+      Revs 2,731,688 vs 347,134
+      Avg shrs 3,360,527 vs 2,295,359
+      Nine mths
+      Oper shr 11 cts vs five cts
+      Oper net 356,571 vs 111,545
+      Revs 5,923,907 vs 1,491,852
+      Avg shrs 3,296,982 vs 2,289,762
+      NOTE: Share adjusted for 10 pct stock dividend in December
+  1986. Prior year net excludes tax credits of 5,775 dlrs in
+  quarter and 17,325 dlrs in nine mths.
+      Net excludes discontinued amusement game operations gains
+  144,095 dlrs vs 70,194 dlrs in quarter and loss 2,952,814 dlrs
+  vs gain 196,872 dlrs in nine mths.
+  
+
diff --git a/reuters/test/15707 b/reuters/test/15707
new file mode 100644
index 0000000000000000000000000000000000000000..9ee8e18a05430062b64a03a830140f7a862c4f09
--- /dev/null
+++ b/reuters/test/15707
@@ -0,0 +1,6 @@
+UNIVERSAL FOODS CORP <UFC> VOTES DIVIDEND
+  Qtly div 20 cts vs 20 cts prior qtr
+      Pay 6 May
+      Record 21 April
+  
+
diff --git a/reuters/test/15708 b/reuters/test/15708
new file mode 100644
index 0000000000000000000000000000000000000000..b3022151e6272cd722781bacbeeec79a1eb3edce
--- /dev/null
+++ b/reuters/test/15708
@@ -0,0 +1,6 @@
+BETZ LABORATORIES INC <BETZ> SETS QUARTERLY
+  Qtly div 35 cts vs 35 cts prior
+      Pay May 14
+      Record April 30
+  
+
diff --git a/reuters/test/15709 b/reuters/test/15709
new file mode 100644
index 0000000000000000000000000000000000000000..cc016770bb8d4a581b9015457301eee7131d1387
--- /dev/null
+++ b/reuters/test/15709
@@ -0,0 +1,7 @@
+NORTHWESTERN NATIONAL LIFE <NWNL> UPS PAYOUT
+  Qtly div 24 cts vs 21-1/2 cts prior
+      Pay May 15
+      Record April 24
+      NOTE: Northwestern National Life Insurance Co.
+  
+
diff --git a/reuters/test/15710 b/reuters/test/15710
new file mode 100644
index 0000000000000000000000000000000000000000..9b42f7c97b3c6721f1eac3d0fa3292f441da78d1
--- /dev/null
+++ b/reuters/test/15710
@@ -0,0 +1,18 @@
+GRAIN SHIPS WAITING AT NEW ORLEANS
+  Ten grain ships were loading and 14
+  were waiting to load at New Orleans elevators, trade sources
+  said.
+   ELEVATOR                     LOADING  WAITING
+   Continental Grain, Westwego     1      6
+   Mississippi River, Myrtle Grove 1      0
+   ADM Growmark                    1      4
+   Bunge Grain, Destrehan          1      0
+      ELEVATOR                LOADING  WAITING
+   ST CHARLES DESTREHAN         1      1
+   RESERVE ELEVATOR CORP        1      0
+   PEAVEY CO, ST ELMO           1      0
+   CARGILL GRAIN, TERRE HAUTE   2      1
+   CARGILL GRAIN, PORT ALLEN    0      0
+   ZEN-NOH                      1      2
+  
+
diff --git a/reuters/test/15713 b/reuters/test/15713
new file mode 100644
index 0000000000000000000000000000000000000000..4da6c2345cd1d34965514fb1660227e3fc44d8b0
--- /dev/null
+++ b/reuters/test/15713
@@ -0,0 +1,18 @@
+FOOTHILL <FGI>, SIERRITA IN STANDSTILL ACCORD
+  Foothill Group Inc said it reached a
+  standstill agreement with Santa Cruz Resources Inc and its
+  parent, Sierrita Resources Inc, that bars the companies from
+  acquiring more than a 30 pct interest in Foothill, except
+  through a business combination approved by Foothill's board.
+      The company also said Santa Cruz has advised it that it
+  owns 24.7 pct of Foothill's outstanding common stock.
+      In addition, Santa Cruz and Sierrita have agreed to vote
+  their shares in accordance with instructions from the Foothill
+  board in connection with certain business combinations and
+  certain anti-takeover matters, Foothill said.
+      Foothill said the arrangement also bars Santa Cruz and
+  Sierrita fron tendering any Foothill securities owned by them
+  into any tender offer unless certain unspecified conditions are
+  met.
+  
+
diff --git a/reuters/test/15715 b/reuters/test/15715
new file mode 100644
index 0000000000000000000000000000000000000000..f2e5727a426696da29feb6e4873d1a6d6bfeaa4c
--- /dev/null
+++ b/reuters/test/15715
@@ -0,0 +1,6 @@
+FIRST FEDERAL OF MICHIGAN <FFOM> 1ST QTR NET
+  Shr 3.33 dlrs vs 3.39 dlrs
+      Net 37,069,000 vs 36,902,000
+      Avg shrs 10.95 mln vs 10.05 mln
+  
+
diff --git a/reuters/test/15717 b/reuters/test/15717
new file mode 100644
index 0000000000000000000000000000000000000000..09080419a30b7cafc4dbcb999e07c786d2d77e14
--- /dev/null
+++ b/reuters/test/15717
@@ -0,0 +1,9 @@
+COLONIAL BANCGROUP <CLBGA> MAKES ACQUISITION
+  Colonial BancGroup said it has
+  signed letter of intent to acquire Community Bank and Trust of
+  Hartselle, Ala., with assets of 26 mln dlrs, for undisclosed
+  terms, subject to approval by regulatory authorities and
+  Community Bank shareholders.
+      Completion is expected within the next year, it said.
+  
+
diff --git a/reuters/test/15719 b/reuters/test/15719
new file mode 100644
index 0000000000000000000000000000000000000000..4e2d6520bf8db7c0712ada172753354bf973a188
--- /dev/null
+++ b/reuters/test/15719
@@ -0,0 +1,6 @@
+FAB INDUSTRIES INC <FIT> 1ST QTR FEB 28 NET
+  Shr 69 cts vs 67 cts
+      Net 2,488,000 vs 2,435,000
+      Revs 27.6 mln vs 26.5 mln
+  
+
diff --git a/reuters/test/15720 b/reuters/test/15720
new file mode 100644
index 0000000000000000000000000000000000000000..836143c013dde181ad03d6d41e41b2969ca3d4cc
--- /dev/null
+++ b/reuters/test/15720
@@ -0,0 +1,20 @@
+EC COMMISSION AUTHORISED TO BUY MAIZE IN JUNE
+  The European Commission was authorised
+  to buy up to one mln tonnes of maize into intervention stores
+  in the second half of June, although sales into intervention
+  normally end on April 30, Commission sources said.
+      They said approval was given by the EC's Cereals Management
+  Committee because of the possible disturbance of the market due
+  to heavy imports of maize under the agreement between the EC
+  and the United States.
+      The agreement guarantees access to the Spanish market for
+  two mln tonnes of non-EC maize a year for the next four years.
+      The sources said the intervention price for the maize would
+  be 201.49 Ecus a tonne.
+      They said at this price it seemed unlikely that the full
+      They added the decision is also designed to prevent massive
+  offers of maize for intervention just ahead of the normal April
+  30 deadline, which could be caused by speculation about the
+  implementation of the accord with the United States.
+  
+
diff --git a/reuters/test/15721 b/reuters/test/15721
new file mode 100644
index 0000000000000000000000000000000000000000..65c4fe6e1eb61f477818ae6070341678727e600e
--- /dev/null
+++ b/reuters/test/15721
@@ -0,0 +1,6 @@
+JAPAN BUYS 5,000 TONNES CANADIAN RAPESEED
+  Japan bought 5,000 tonnes Canadian
+  rapeseed overnight at an undisclosed price for May shipment,
+  trade sources said.
+  
+
diff --git a/reuters/test/15723 b/reuters/test/15723
new file mode 100644
index 0000000000000000000000000000000000000000..cb88a0c4e2b47893f88afc6f25eb2d2890b9abcb
--- /dev/null
+++ b/reuters/test/15723
@@ -0,0 +1,8 @@
+NORTHERN TRUST CORP <NTRS> 1ST QTR NET
+  Shr 87 cts vs 73 cts
+      Net 14.7 mln vs 11.7 mln
+      Assets 8.38 billion vs 7.43 billion
+      Loans 3.91 billion vs 3.40 billion
+      Deposits 5.60 billion vs 5.08 billion
+  
+
diff --git a/reuters/test/15725 b/reuters/test/15725
new file mode 100644
index 0000000000000000000000000000000000000000..a4d50adcce65bfa7a4b004ec7507d67f597b59d9
--- /dev/null
+++ b/reuters/test/15725
@@ -0,0 +1,14 @@
+COLOMBIA JAN EXPORTS UP BUT COFFEE VALUES FALL
+  The value of colombian exports other than
+  coffee rose 55 pct in january compared with the same period
+  last year, apparently setting a trend for the trade balance in
+  1987, government statistics institute figures show.
+      They amounted to 180.8 mln dlrs fob compared with 147.5 mln
+  dlrs for coffee, a drop of 42 pct from last year.
+      The trade balance registered a 35 mln dlr surplus, compared
+  with a 56 mln dlr surplus in january 1986.
+      The national planning department forecast that in 1987
+  coffee, colombia's traditional major export, will account for
+  only one-third of total exports, or about 1.5 billion dlrs.
+  
+
diff --git a/reuters/test/15726 b/reuters/test/15726
new file mode 100644
index 0000000000000000000000000000000000000000..bb97b1013921929aa319ce01e054ad3f42a5911e
--- /dev/null
+++ b/reuters/test/15726
@@ -0,0 +1,13 @@
+LONDON GRAIN FREIGHTS
+  27,000 long tons
+  USG/Taiwan 23.25 dlrs fio five days/1,500 1-10/5 Continental.
+      Trade Banner - 30,000 long tons grain USG/Morocco 13.50
+  dlrs 5,000/5,000 end-April/early-May Comanav.
+      Reference New York Grain Freights 1 of April 8, ship
+  brokers say the vessel fixed by Cam from the Great Lakes to
+  Algeria at 28 dlrs is reported to be the Vamand Wave.
+      Reference New York Grain Freights 2 of April 8, they say
+  the Cory Grain maize business from East London at 22 dlrs is to
+  Japan and not to Spain as reported.
+  
+
diff --git a/reuters/test/15727 b/reuters/test/15727
new file mode 100644
index 0000000000000000000000000000000000000000..46ff4b77b18b24260bf372c9b522a8bb79394d37
--- /dev/null
+++ b/reuters/test/15727
@@ -0,0 +1,14 @@
+LONDON SUGAR FREIGHTS
+  TBN 14,00 mt bulk sugar
+  Fiji/Prai 16 dlrs fio 10,000/1,000 1-10/5 Fiji Sugar Marketing.
+      TBN 15,000 mt bulk sugar Queensland/Japan 14.65 dlrs fio
+  10,000/1,000 20-30/4 CSR.
+      ENQUIRIES - Antwerp/1-3 ports Greece 40,000 mt bagged sugar
+  indications 750/750 in shipments of 10,000/15,000 tonnes spread
+  from May to July a/c unnamed charterer.
+      Inchon/India 12,600 mt bagged sugar 1,000/1,000 20/4-5/5
+  a/c Kaines.
+      Reunion/1-2 ports Portugal 10,000 mt bulk sugar about 20
+  dlrs 2,000/750 1-10/5 a/c French charterer.
+  
+
diff --git a/reuters/test/15728 b/reuters/test/15728
new file mode 100644
index 0000000000000000000000000000000000000000..5364e7ffd2e4848449bf6064db5b74691d3c246f
--- /dev/null
+++ b/reuters/test/15728
@@ -0,0 +1,14 @@
+LONDON GRAIN FREIGHT ENQUIRIES
+  Antwerp/Libya 5,500 mt bagged flour 14
+  daps 24-27/4.
+      New Orleans/Guanta 9,387 mt bulk hss 3,000/13 days
+  25-4/5-5.
+      Naantali/Saudi Red Sea 30,000/35,000 mt barley 4,000/3,000
+  20-30/4 or early May.
+      Dunkirk/Xingang 12,000 mt bagged flour 1,500/1,700 13-20/4.
+      Toledo/Seaforth 17,000 mt hss offers 18.50 dlrs four
+  days/8,000 13-15/4.
+      River Plate/Malaysia 20,000/22,000 long tons hss
+  2,000/2,000 Apr.
+  
+
diff --git a/reuters/test/15729 b/reuters/test/15729
new file mode 100644
index 0000000000000000000000000000000000000000..427b6fe68c660441f8e46ae1058ca920143213a8
--- /dev/null
+++ b/reuters/test/15729
@@ -0,0 +1,12 @@
+HOME SAVINGS BANK <HMSB> 1ST QTR NET
+  Shr 51 cts vs not given
+      Net 6,089,000 vs 7,310,000
+      NOTE: Company went public in November 1986.
+      Net includes loan loss provisions of 75,000 dlrs vs 30,000
+  dlrs and gains on sale of securities of 756,000 dlrs vs
+  2,468,000 dlrs pretax.
+      1986 net includes tax credit 1,022,000 dlrs.
+      1987 net includes 2,400,000 dlr gain from tax credit
+  resulting in reduction of goodwill.
+  
+
diff --git a/reuters/test/15732 b/reuters/test/15732
new file mode 100644
index 0000000000000000000000000000000000000000..cf1c2307f13df0a7ab1db886d3ce7917e480cf21
--- /dev/null
+++ b/reuters/test/15732
@@ -0,0 +1,7 @@
+AMOSKEAG BANK SHARES INC <AMKG> 1ST QTR NET
+  Shr 70 cts vs 67 cts
+      Net 6,416,000 vs 6,057,000
+      NOTE: Net includes pretax securities sales gains of
+  5,900,000 dlrs vs 5,900,000 dlrs.
+  
+
diff --git a/reuters/test/15733 b/reuters/test/15733
new file mode 100644
index 0000000000000000000000000000000000000000..15c890777a4effc077fdb591924b62f302621117
--- /dev/null
+++ b/reuters/test/15733
@@ -0,0 +1,10 @@
+MSR EXPLORATION LTD <MSR> YEAR LOSS
+  Shr loss five cts vs profit 10 cts
+      Net loss 381,391 vs profit 736,974
+      Revs 6,161,391 vs 9,241,882
+      NOTE: Canadian dollars.
+      Proved oil reserves at year-end 3.3 mln barrels, up 39 pct
+  from a year earlier, and natural gas reserves 4.7 billion cubic
+  feet, off nine pct.
+  
+
diff --git a/reuters/test/15736 b/reuters/test/15736
new file mode 100644
index 0000000000000000000000000000000000000000..9d8ce367f511a1e889800deb994a74a94eb3baa2
--- /dev/null
+++ b/reuters/test/15736
@@ -0,0 +1,30 @@
+SOUTHMARK <SM> TO OFFER SPECIAL DIVIDEND
+  Southmark Corp said it will issue its
+  shareholders a special dividend right to acquire 22 shares of
+  American Realty Trust <ARB> for each 100 shares of Southmark
+  they own.
+      Each right entitles the holder to buy one share of
+  beneficial interest of American Realty Trust at a price of 3.75
+  dlrs per share, Southmark said.
+      Southmark said the offer's record date is May 1, with an
+  ex-dividend date of April 27, adding that the it will issue the
+  rights to shareholders on May 6 and the offer will expire on
+  May 22.
+      Southmark said it received the rights on April 6 as the
+  holder of about 84 pct of American Realty Trust's outstanding
+  shares.
+      Holders of fewer than 455 Southmark shares who would
+  receive rights to acquire fewer than 100 American Realty shares
+  will be paid cash in lieu of the rights distribution, the
+  company said.
+      Southmark said it will compute the cash price paid based on
+  the average closing market price of the rights on the American
+  Stock Exchange for the first ten days the rights are traded,
+  beginning April 6.
+      In order to get the dividend for these rights a Southmark
+  shareholder must own common stock on the ex-dividend date,
+  April 27, the company said.
+      After that, Southmark said its common stock will be traded
+  on an ex-rights basis.
+  
+
diff --git a/reuters/test/15737 b/reuters/test/15737
new file mode 100644
index 0000000000000000000000000000000000000000..27bf50cb0026551bf5d35f14ea491b24d8f0cffb
--- /dev/null
+++ b/reuters/test/15737
@@ -0,0 +1,14 @@
+EXPORTS OTHER THAN COFFEE RISE SHARPLY IN COLOMBIA
+  Colombian exports other than coffee rose
+  55 pct in January compared with the same period last year,
+  figures from the government statistics institute show.
+      Non-coffee exports amounted to 180.8 mln dlrs fob compared
+  with 147.5 mln dlrs for coffee, a drop of 42 pct from last
+  year.
+      The trade balance registered a 35 mln dlr surplus, compared
+  with a 56 mln dlr surplus in January 1986.
+      The national planning department forecast that in 1987
+  coffee, Colombia's traditional major export, will account for
+  only one third of total exports, or about 1.5 billion dlrs.
+  
+
diff --git a/reuters/test/15739 b/reuters/test/15739
new file mode 100644
index 0000000000000000000000000000000000000000..9d3dc17ceabbeda252d7b8487487ad53fb22f76f
--- /dev/null
+++ b/reuters/test/15739
@@ -0,0 +1,15 @@
+TAFT BROADCASTING <TFB> COMPLETES STATION SALE
+  TVX Broadcast Group Inc
+  <TVXG> said it has completed the previously-announced purchase
+  of five Taft television stations.
+      Last week, TVX said the sale, which was scheduled to close
+  then, had been delayed.
+      Taft said the purchase price was 240 mln dlrs, as
+  previously announced. The price is subject to final
+  adjustments, Taft said.
+      Taft did not indicate the size of the gain, if any, it
+  would post on the sale.
+      It said the stations are WTAF-Philadelphia,
+  WDCA-Washington, WCIX-Miami, KTXA-Dallas and KTXH-Houston.
+  
+
diff --git a/reuters/test/15742 b/reuters/test/15742
new file mode 100644
index 0000000000000000000000000000000000000000..6ef0437ab0d05d5b888dfd71f4716c33f4fd3e78
--- /dev/null
+++ b/reuters/test/15742
@@ -0,0 +1,74 @@
+U.S. MARCH RETAIL SALES CUT BY LATE EASTER
+  U.S. retailers' lackluster March sales
+  were due to a late Easter, according to analysts who expect a
+  recovery in April.
+      "Sales look soft because of the Easter shift, but
+  underlying business is better than the numbers indicate," said
+  Bear Stearns analyst Monroe Greenstein.
+       Analysts generally average the sales results of March and
+  April to account for the variation of Easter's occurance. This
+  year, Easter is being observed on April 19, which is three
+  weeks later than last year.
+      Analyst Edward Johnson of Johnson Redbook Associates said
+  sales for March rose an unadjusted 2.5 to 3.0 pct, and a
+  seasonally adjusted 5.5 pct to six pct, compared to an adjusted
+  5.7 pct last year.
+      "The obvious question is whether these numbers indicate
+  that the consumer activity is slowing, but it does not appear
+  to be because liquidity and employment are rising," said
+  analyst Jeff Edelman, analyst of Drexel Lambert and Burnham.
+      Overall, analysts said first half sales are coming in
+  according to expectations. Sales for all of 1987 are expected
+  to rise about 5.5 pct to six pct, up a bit from 1986's rise.
+       In March, sales of housewares, furniture and big ticket
+  items were stronger than apparel sales, signaling to many
+  analysts that apparel sales will be strong in April as the
+  holiday nears.
+      "Sales gains in home appliances and home fashions reflect a
+  continuing strength in the housing market," said Edward
+  Brennan, chairman of Sears Roebuck and Co <S> which reported an
+  overall sales gain of 4.2 pct. Brennan said sales of women's
+  sportswear were also excellent.
+      "Sears' total apparel sales was up only modestly, but even
+  a modest improvement in apparel is a very good accomplishment
+  due to the fact that most people will buy apparel in April,"
+  said C.J. Lawrence analysts Harry Mortner. 
+      J.C. Penney Co Inc <JCP> and Dayton Hudson Corp <DH> were
+  among the weaker performers with comparable stores sales
+  declining 1.5 pct and 4.9 pct, respectively. Penney's store and
+  catalog sales declined 1.3 pct overall and Dayton Hudson's
+  overall sales rose 4.8 pct.
+      Penney chairman William Howell said, "Sales continued
+  strong for catalog operations and, geographically, ranged from
+  very active in the east to weak in the economically depressed
+  southwest."
+      "Penney's been shifting away from leisure time activity
+  wear to other apparel lines, which yield higher profit margins,
+  but are currently hurting sales," said Greenstein of Bear
+  Stearns.
+      Hudson chairman Kenneth Mackes cited the late Easter for
+  the decline. Edelman of Drexel said that "Hudson had a tougher
+  comparison because it had an exceptionally good 1986."
+      Most analysts agreed that promotions are slightly lower
+  than last year.
+      "Retailers are not planning for much - inventories are
+  being kept lean, markdowns are lower than last year, but sales
+  are coming through anyway," said CJ Analyst Harry Mortner.
+      Mortner said he expects profits in the first quarter to  
+  be better than he had originally expected in the beginning of
+  the year.
+      Most retailers report their first quarter in the middle of
+  May.
+       MARCH RETAIL SALES FOR MAJOR U.S. RETAILERS
+      STORE       PCT        1987       1986
+      SEARS       4.2     2.6 BIL       2.5 BIL 
+      K MART      4.6     2.2 BIL       2.1 BIL 
+      JC PENNEY  (1.3)    1.1 BIL       1.1 BIL 
+      WAL-MART     32     1.1 BIL       855 MLN
+      FEDERATED   4.9     934 MLN       891 MLN
+      MAY         3.5     885 MLN       855 MLN
+      DAYTON      4.8     792 MLN       756 MLN
+      WOOLWORTH   0.2     591 MLN       590 MLN
+      ZAYRE      12.7     522 MLN       464 MLN
+  
+
diff --git a/reuters/test/15749 b/reuters/test/15749
new file mode 100644
index 0000000000000000000000000000000000000000..44a4711d4b896f14f4a56e451e519851b1b1b715
--- /dev/null
+++ b/reuters/test/15749
@@ -0,0 +1,5 @@
+FIRST INTERSTATE EXPECTS BRAZIL, ECUADOR LOAN ACTIONS TO CUT 1987 NET BY 15.4 MLN DLRS
+
+  FIRST INTERSTATE EXPECTS BRAZIL, ECUADOR LOAN ACTIONS TO CUT 1987 NET BY 15.4 MLN DLRS
+  
+
diff --git a/reuters/test/15751 b/reuters/test/15751
new file mode 100644
index 0000000000000000000000000000000000000000..13eea332649c1f3be2d008682f57e55bd1b1c824
--- /dev/null
+++ b/reuters/test/15751
@@ -0,0 +1,10 @@
+MOROCCO TENDERS FOR 55,000 TONNES PL 480 SOYOIL
+  Morocco is scheduled to tender April 14
+  for a total of 55,000 tonnes of U.S. soyoil under PL-480 for
+  shipments from May through September, private export sources
+  said.
+      The tender calls for shipment of 6,100 tonnes in May,
+  12,200 tonnes each in June, July and August and 12,300 tonnes
+  in September, they said.
+  
+
diff --git a/reuters/test/15753 b/reuters/test/15753
new file mode 100644
index 0000000000000000000000000000000000000000..620d94d18b195b9866f99cf8c1129a16b03c379c
--- /dev/null
+++ b/reuters/test/15753
@@ -0,0 +1,10 @@
+MIDLANTIC CORP <MIDL> 1ST QTR NET
+  Shr diluted 1.18 dlrs vs 1.04 dlrs
+      Net 45.0 mln vs 39.2 mln
+      Assets 16.7 billion vs 15.2 billion
+      Deposits 13.0 billion vs 12.1 billion
+      Loans 11.9 billion vs 10.1 billion
+      NOTE: Results restated for merger of Midlantic Banks Inc
+  and Continental Bancorp Inc on January 30, 1987.
+  
+
diff --git a/reuters/test/15757 b/reuters/test/15757
new file mode 100644
index 0000000000000000000000000000000000000000..57006cda9af1bc6b8505fef4c23cce09923a3cca
--- /dev/null
+++ b/reuters/test/15757
@@ -0,0 +1,7 @@
+COMMUNITY BANK SYSTEM INC <CBSI> 1ST QTR NET
+  Shr 46 cts vs 49 cts
+      Net 1,101,551 vs 831,398
+      NOTE: Share adjusted for two-for-one stock split in May
+  1986.
+  
+
diff --git a/reuters/test/15759 b/reuters/test/15759
new file mode 100644
index 0000000000000000000000000000000000000000..bd5b39f2f77c2b20932fb2330436407c3591b9ac
--- /dev/null
+++ b/reuters/test/15759
@@ -0,0 +1,6 @@
+FITCHBURG GAS <FGE> RAISES QUARTERLY
+  Qtly div 38 cts vs 35 cts prior
+      Pay May 15
+      Record May One
+  
+
diff --git a/reuters/test/15762 b/reuters/test/15762
new file mode 100644
index 0000000000000000000000000000000000000000..d951ff25a6242b0f7cd568cdb249a1a844a216b5
--- /dev/null
+++ b/reuters/test/15762
@@ -0,0 +1,22 @@
+NORTHERN TRUST <NTRS> NET HURT BY BRAZIL LOANS
+  Northern Trust Corp said its first
+  quarter earnings were reduced by 875,000 dlrs by placing 53.2
+  mln dlrs of loans to Brazil and six mln dlrs in loans to
+  Ecuador on a cash basis.
+      Should these loans remain on nonperforming basis for the
+  rest of 1987, net income for year will be cut by about 3.2 mln
+  dlrs, the bank said.
+      Earlier it posted net income for the period of 14.7 mln
+  dlrs or 87 cts a share, up from 11.7 mln dlrs or 73 cts a
+  share.
+      Total nonperforming assets were 114.1 mln dlrs at March 31,
+  up from 53.4 mln dlrs at December 31 and 79 mln dlrs at March
+  31, 1986 the bank said.
+      The provision for loan losses for the first quarter was
+  eight mln dlrs compared to 11 mln a year ago. Net loan charge
+  offs were six mln dlrs, down from 11 mln dlrs a year ago.
+      The reserve for loan losses was 78.1 mln dlrs, or two pct
+  of outstanding loans, higher than the 56 mln dlrs of 1.65 pct
+  of loans outstanding at March 31, 1986.
+  
+
diff --git a/reuters/test/15767 b/reuters/test/15767
new file mode 100644
index 0000000000000000000000000000000000000000..d807bd67891940475eb8aba7338f48e331dcb68b
--- /dev/null
+++ b/reuters/test/15767
@@ -0,0 +1,8 @@
+DOE RUN RAISES LEAD PRICE 0.50 CT TO 26.50 CTS
+  Doe Run Company said it is
+  increasing the price of its corroding grade lead by one-half
+  cent to 26.50 cents a lb, effective immediately.
+      The price is quoted FOB, Herculaneum, Mo., and FOB, Boss,
+  Mo., with freight allowed for carload quantities.
+  
+
diff --git a/reuters/test/15768 b/reuters/test/15768
new file mode 100644
index 0000000000000000000000000000000000000000..ba16b7d47075c6a5ecb37518a6fc073cff8ffe7d
--- /dev/null
+++ b/reuters/test/15768
@@ -0,0 +1,17 @@
+SPAIN'S FOREIGN RESERVES RISE IN FEBRUARY
+  Spain's foreign reserves rose by 905 mln
+  dlrs in February to total 17.05 billion dlrs, compared with
+  14.11 billion dlrs in February 1986, Bank of Spain figures
+  show.
+      Under a new accounting system introduced this month,
+  Spain's foreign reserves now exclude foreign currency held by
+  financial institutions.
+      Under the previous system, Spain's foreign reserves would
+  have risen by 391 mln dlrs in February, taking into account a
+  fall of 514 mln dlrs in financial institutions' foreign
+  currency position.
+      In January this year, the Central Bank's foreign reserves
+  rose by 143 mln dlrs, while financial institutions' foreign
+  currency position fell by 118 mln dlrs.
+  
+
diff --git a/reuters/test/15769 b/reuters/test/15769
new file mode 100644
index 0000000000000000000000000000000000000000..ae17be4fc203efa7cb908a472d73f5fcacde3703
--- /dev/null
+++ b/reuters/test/15769
@@ -0,0 +1,7 @@
+<SULPETRO LTD> 1ST QTR JAN 31 LOSS
+  Shr not given
+      Net loss 9,900,000 vs loss 17,300,000
+      Revs 14.7 mln vs 29.8 mln
+      Note: Previous loss restated.
+  
+
diff --git a/reuters/test/15772 b/reuters/test/15772
new file mode 100644
index 0000000000000000000000000000000000000000..8cf31b4bdd804d682dcf3e50648ce1aace256450
--- /dev/null
+++ b/reuters/test/15772
@@ -0,0 +1,8 @@
+WESTERN FEDERAL SAVINGS BANK <WFPR> 1ST QTR NET
+  Shr 74 cts vs 92 cts
+      Net 1,300,450 vs 1,600,258
+      NOTE: Share adjusted for 10 pct stock dividend in July
+  1986.
+      Company based in Mayaguez, Puerto Rico.
+  
+
diff --git a/reuters/test/15777 b/reuters/test/15777
new file mode 100644
index 0000000000000000000000000000000000000000..cab38b19653e3052b0bcba5fe5805ae9f35d99f4
--- /dev/null
+++ b/reuters/test/15777
@@ -0,0 +1,10 @@
+FINAL TEST INC <FNLT> 4TH QTR LOSS
+  Shr loss six cts vs loss 88 cts
+      Net loss 123,840 vs loss 1,298,377
+      Revs 1,333,416 vs 385,146
+      Year
+      Shr profit six cts vs loss 1.47 dlrs
+      Net profit 124,872 vs loss 2,171,011
+      Revs 4,618,232 vs 2,959,141
+  
+
diff --git a/reuters/test/15778 b/reuters/test/15778
new file mode 100644
index 0000000000000000000000000000000000000000..51810deca19749173c20ea88e1da37c233caf43b
--- /dev/null
+++ b/reuters/test/15778
@@ -0,0 +1,8 @@
+PROTECTIVE LIFE <PROT> IN ACQUISITION
+  Protective Life Corp said it
+  has signed a letter of intent to assume <Liberty Life Insurance
+  Co's> group insurance on July 1, subject to regulatory
+  approvals.
+      Terms were not disclosed.
+  
+
diff --git a/reuters/test/15780 b/reuters/test/15780
new file mode 100644
index 0000000000000000000000000000000000000000..b87cf4e0aeccc4f36090ba403d37ff33d4b26a82
--- /dev/null
+++ b/reuters/test/15780
@@ -0,0 +1,6 @@
+A.O. SMITH CORP <SMC> SETS QUARTERLIES
+  Qtly divs Class A and B 20 cts vs 20 cts
+      Pay May 15
+      Record April 30
+  
+
diff --git a/reuters/test/15782 b/reuters/test/15782
new file mode 100644
index 0000000000000000000000000000000000000000..0450b91f379586438afd37f4d208fc4a61850254
--- /dev/null
+++ b/reuters/test/15782
@@ -0,0 +1,9 @@
+CENTRAL BANCORP INC <CBAN> 1ST QTR NET
+  Shr 1.02 dlrs vs 78 cts
+      Net 14.4 mln vs 11.0 mln
+      NOTE: 1987 net includes gain 2,222,000 dlrs from
+  termination of pension plan.
+      Results restated for pooled acquisitions and share adjusted
+  for stock dividends.
+  
+
diff --git a/reuters/test/15785 b/reuters/test/15785
new file mode 100644
index 0000000000000000000000000000000000000000..58b14755768cf534d22ecf0acc2c6bc8adad499f
--- /dev/null
+++ b/reuters/test/15785
@@ -0,0 +1,7 @@
+<EMCOR> COMPLETES SALE OF STOCK TO INVESTORS
+  Emcore said it completed
+  the sale of 4.1 mln dlrs of stock to Citicorp Venture Capital
+  Ltd, Concord Ventures of Dillon Read and Co and private
+  investors.
+  
+
diff --git a/reuters/test/15790 b/reuters/test/15790
new file mode 100644
index 0000000000000000000000000000000000000000..4e24cd1edcd0e7aaeb783cea67e3b505962bc440
--- /dev/null
+++ b/reuters/test/15790
@@ -0,0 +1,7 @@
+VLSI TECHNOLOGY INC <VLSI> 1ST QTR NET
+  Shr seven cts vs six cts
+      Net 1,612,000 vs 1,406,000
+      Revs 38.2 mln vs 34.3 mln
+      Avg shrs 23,742,000 vs 22,945,000
+  
+
diff --git a/reuters/test/15793 b/reuters/test/15793
new file mode 100644
index 0000000000000000000000000000000000000000..ca7f5760a3a345b4df35389052ff861afa156d35
--- /dev/null
+++ b/reuters/test/15793
@@ -0,0 +1,14 @@
+BELGIAN CURRENT ACCOUNT SURPLUS WIDENS IN 1986
+  Belgium's current account surplus,
+  measured on a cash basis, widened sharply to 134.9 billion
+  francs last year from 17.5 billion in 1985, the Finance
+  Ministry said.
+      The increase was due almost entirely to a sharp rise in the
+  goods trade surplus to 126.1 billion francs from 20.4 billion.
+      The services trade surpluses increased to 52.4 billion
+  francs from 38.9 billion while the deficit on transfers rose
+  slightly to 43.6 billion from 41.8 billion.
+      Private sector capital operations showed a steeply higher
+  deficit of 160.7 billion francs after 56.9 billion in 1985.
+  
+
diff --git a/reuters/test/15797 b/reuters/test/15797
new file mode 100644
index 0000000000000000000000000000000000000000..4c2acb76a7858c21e55187855bc8f49fee60377d
--- /dev/null
+++ b/reuters/test/15797
@@ -0,0 +1,10 @@
+SILICON SYSTEMS INC <SLCN> 2ND QTR MARCH 28
+  Shr profit five cts vs profit two cts
+      Net profit 325,000 vs profit 105,000
+      Revs 19.5 mln vs 16.1 mln
+      Six Mths
+      Shr profit nine cts vs loss 35 cts
+      Net profit 627,000 vs loss 2,280,000
+      Revs 36.9 mln vs 27.4 mln
+  
+
diff --git a/reuters/test/15798 b/reuters/test/15798
new file mode 100644
index 0000000000000000000000000000000000000000..4d2b7fdfa3cb3170efa128fbdcd6a135484661a3
--- /dev/null
+++ b/reuters/test/15798
@@ -0,0 +1,33 @@
+DISEASE PUTS ZIMBABWE BEEF EXPORTS IN JEOPARDY
+  Zimbabwe's beef exports to the European
+  Community (EC), potentially worth 70 mln Zimbabwean dlrs this
+  year, may be jeopardised by an outbreak of foot and mouth
+  disease in southwestern Matabeleland, industry sources said.
+      The country has temporarily suspended beef exports to the
+  EC because of the outbreak and awaits a decision from the EC
+  veterinary committee, which is considering a formal ban.
+      The outbreak in the country's main ranching province has
+  already led neighbouring beef-producing Botswana and Zambia to
+  bar beef and dairy imports from Zimbabwe, threatening the dairy
+  industry with a loss of at least one mln dlrs in export
+  revenue.
+      "The situation is still uncertain at the moment. Normally
+  when an outbreak occurs there is an automatic suspension of
+  beef exports," one industry source said yesterday.
+       Commenting on EC policy, he explained, "Depending on the
+  seriousness of the outbreak the (veterinary) committee then
+  decides on three options, allowing us to continue exporting
+  beef from disease-free areas, clamping a three-month suspension
+  on exports or banning us from exporting for a year. We are
+  still awaiting their decision," he added, asking not to be
+  identified.
+      Zimbabwe was granted an export quota of 8,100 tonnes of
+  high-grade beef to EC markets in 1985 after the country had
+  spent millions of dollars erecting disease-control fences and
+  upgrading abattoirs to meet stringent EC rules.
+      Should the EC ban Zimbabwean exports, the country will be
+  forced to sell its beef on glutted world beef markets at low
+  prices, the source said. Projected earnings from beef sales
+  could fall about 23 mln dlrs as a result, he said.
+  
+
diff --git a/reuters/test/15800 b/reuters/test/15800
new file mode 100644
index 0000000000000000000000000000000000000000..37105f4350e41eededb37b13215dee0cbe1a4e53
--- /dev/null
+++ b/reuters/test/15800
@@ -0,0 +1,13 @@
+SHAWMUT CORP <SHAS> 1ST QTR NET
+  Shr 1.32 dlrs vs 1.26 dlrs
+      Net 21.2 mln vs 17.4 mln
+      Avg shrs 16.1 mln vs 13.8 mln
+      Assets 10.0 billion vs 8.4 billion
+      Deposits 7.2 billion vs 6.1 billion
+      Loans 6.7 billion up 26 pct
+      NOTE: Results restated for pooled acquisitions of Shawmut
+  Home Bank and Fidelity Trust Co and include First Gibraltar
+  Mortgage Corp from December 30, 1986 purchase.
+      Loan loss provision 8,800,000 dlrs vs 6,300,000 dlrs.
+  
+
diff --git a/reuters/test/15801 b/reuters/test/15801
new file mode 100644
index 0000000000000000000000000000000000000000..c111b97136467673df5e45f9fd10aeaa31e4474e
--- /dev/null
+++ b/reuters/test/15801
@@ -0,0 +1,10 @@
+MINNTECH <MNTX> SEES FIRST QUARTER LOSS
+  Minntech Corp said it expects
+  to report loss for its fiscal 1988 first quarter to end June
+  30, due to start-up costs related to a new membrane oxygenator
+  and water filtration products.
+      However, revenues and earnings should consistently increase
+  throughout the remainder of the year, President Louis Cosentino
+  told analysts.
+  
+
diff --git a/reuters/test/15803 b/reuters/test/15803
new file mode 100644
index 0000000000000000000000000000000000000000..70f4016cf196cb95c75252360e8d99b8ead089e8
--- /dev/null
+++ b/reuters/test/15803
@@ -0,0 +1,14 @@
+GORDEX MINERALS LOCATES GOLD DEPOSITS
+  <Gordex Mineral Ltd>
+  said geologists located more than one mln tons of gold-bearing
+  deposits, 0.057 ounces per ton, at Cape Spencer.
+      The company said it plans to invest 2.5 mln Canadian dlrs
+  to expand on-site treatment facilities to process 100,000 tons
+  of gold-bearing deposits this year and 200,000 tons in 1988.
+      Prior to the completion of the recent exploration program,
+  Gordex estimated the Cape Spencer deposit had 200,000 tons.
+      Gordex said the expansion of the Cape Spencer facilities is
+  intented to enable it to operate 24 hours a day throughout the
+  year.
+  
+
diff --git a/reuters/test/15804 b/reuters/test/15804
new file mode 100644
index 0000000000000000000000000000000000000000..761159db9a9d2c66ebea548336a1ce77a486a353
--- /dev/null
+++ b/reuters/test/15804
@@ -0,0 +1,17 @@
+U.S. CONGRESSMAN INTRODUCES REAGAN SUGAR BILL
+  Rep. John Porter, R-Ill., introduced
+  in the House of Representatives legislation proposed by the
+  Reagan administration to slash the U.S. sugar price support, a
+  spokesman for Porter said.
+      The spokesman said the bill was introduced without any
+  changes from the administration's proposal sent to Congress
+  last month.
+      That plan calls for a cut in the sugar loan rate to 12
+  cents per pound from 18 cents now. Sugar growers would be
+  compensated for the price cut with targeted direct payments,
+  to be gradually phased-out through 1990. The payments to
+  growers would cost an estimated 1.1 billion dlrs.
+      Representatives of sugar growers have rejected the
+  proposal, saying it would ruin the domestic sugar industry.
+  
+
diff --git a/reuters/test/15805 b/reuters/test/15805
new file mode 100644
index 0000000000000000000000000000000000000000..24439565d223d934f3cbd5e11aab397672c851c5
--- /dev/null
+++ b/reuters/test/15805
@@ -0,0 +1,5 @@
+CANADA 91-DAY T-BILLS AVERAGE 6.95 PCT, MAKING BANK RATE 7.20 PCT
+
+  CANADA 91-DAY T-BILLS AVERAGE 6.95 PCT, MAKING BANK RATE 7.20 PCT
+  
+
diff --git a/reuters/test/15807 b/reuters/test/15807
new file mode 100644
index 0000000000000000000000000000000000000000..9b7bdcc2ebee42f0ea947ca6ae7bb8d1ecd3e1fe
--- /dev/null
+++ b/reuters/test/15807
@@ -0,0 +1,10 @@
+REPUBLIC SAVINGS AND LOAN <RSLA> 3RD QTR NET
+  Shr 89 cts vs not available
+      Net 1,163,000 vs 466,000
+      Nine Mths
+      Net 3,696,000 vs 1,624,000
+      NOTE: Company converted to stock ownership effective August
+  1986.
+      Periods end March 31, 1987 and 1986 respectively.
+  
+
diff --git a/reuters/test/15808 b/reuters/test/15808
new file mode 100644
index 0000000000000000000000000000000000000000..87ad2c79c07dd87482891997f50de57c59a9fe44
--- /dev/null
+++ b/reuters/test/15808
@@ -0,0 +1,11 @@
+SOUTHMARK <SM> TO ISSUE AMERICAN REALTY RIGHTS
+  Southmark Corp said shareholders will be
+  issued, as a special dividend, rights to acquire 22 shares of
+  American Realty Trust <ARB> for each 100 shares of Southmark
+  owned.
+      The record date for Southmark shareholders to receive these
+  rights will be May one with an ex-dividend date of April 27.
+      Southmark received these rights on April six, as the holder
+  of about 84 pct of American Realty Trust's outstanding shares.
+  
+
diff --git a/reuters/test/15810 b/reuters/test/15810
new file mode 100644
index 0000000000000000000000000000000000000000..9605a5cfc32bc4069873ba95f54c1bc81bc39b6a
--- /dev/null
+++ b/reuters/test/15810
@@ -0,0 +1,18 @@
+WALL STREET STOCKS/UAL INC <UAL>
+  Takeover speculation continues to fuel
+  heavy trading in UAL Inc, traders said.
+      UAL rose 1-5/8 to 73-5/8 on volume of more than two mln
+  shares, after trading with little upward movement earlier in
+  the session.
+      Traders said rumors, which began yesterday, added to
+  speculation that the company would be the target of a takeover.
+      They said it was believed Coniston Partners and the
+  Pritzker family of Chicago were buying the stock.
+      Coniston declined comment and the Pritzkers had no comment.
+      Traders said there was speculation a bidder might appear,
+  and also that real estate developer Donald Trump, who holds a
+  stake in UAL, might participate in a takeover bid. UAL pilots
+  said they would be willing to pay 4.5 billion dlrs, which
+  includes debt, for the company's United Airlines unit.
+  
+
diff --git a/reuters/test/15811 b/reuters/test/15811
new file mode 100644
index 0000000000000000000000000000000000000000..2e9aadba38d2d833da54a9eeb623970bd1f7778b
--- /dev/null
+++ b/reuters/test/15811
@@ -0,0 +1,14 @@
+GORDEX MINERALS LOCATES CANADA GOLD DEPOSITS
+  Gordex Mineral Ltd
+  said geologists located more than one mln short tons of
+  gold-bearing deposits, 0.057 ounces per ton, at Cape Spencer.
+      The company said it plans to invest 2.5 mln Canadian dlrs
+  to expand on-site treatment facilities to process 100,000 tons
+  of gold-bearing deposits this year and 200,000 tons in 1988.
+      Prior to the completion of the recent exploration program,
+  Gordex estimated the Cape Spencer deposit had 200,000 tons.
+      Gordex said the expansion of the Cape Spencer facilities is
+  intended to enable operation 24 hours a day throughout the
+  year.
+  
+
diff --git a/reuters/test/15816 b/reuters/test/15816
new file mode 100644
index 0000000000000000000000000000000000000000..8bca968dc2b2a6756cae78349edd8666b4054858
--- /dev/null
+++ b/reuters/test/15816
@@ -0,0 +1,20 @@
+CANADIAN BANK RATE RISES IN WEEK
+  Canada's key bank rate rose to 7.20 pct
+  from 7.15 pct the week before, Bank of Canada said.
+      Bank rate is set 1/4 percentage point above the average
+  yield on the weekly issue of 91-day treasury bills. This week's
+  yield was 6.95 pct compared with the previous week's 6.90 pct.
+      Tenders were accepted for 2.55 billion dlrs of 91-day bills
+  at an average price of 98.296 dlrs against 98.310 dlrs last
+  week.
+      The 1.40 billion dlrs of 182-day bills were priced at an
+  average 96.488 dlrs against 96.549 dlrs last week, to yield an
+  average 7.30 pct, versus 7.17 pct last week.
+      The 500 mln dlrs of 364-day bills were priced at an average
+  92.969 dlrs against 93.159 dlrs last week, to yield an average
+  7.58 pct versus 7.38 pct last week.
+      Tenders will be received next week for 2.50 billion dlrs of
+   91-day bills, 1.40 billion dlrs of 182-day bills and 500 mln
+  dlrs of 364-day bills.          
+  
+
diff --git a/reuters/test/15817 b/reuters/test/15817
new file mode 100644
index 0000000000000000000000000000000000000000..f9b137a76076aa9edd1a528995cefcbad6146fae
--- /dev/null
+++ b/reuters/test/15817
@@ -0,0 +1,20 @@
+CONSENSUS SEEN ON TIN PACT EXTENSION
+  The quarterly session of the
+  International Tin Council (ITC) continued without formal
+  agreement on an extension of the sixth International Tin
+  Agreement (ITA), but delegates said it was apparent there was a
+  general consensus the Agreement should be prolonged.
+      Some delegations are still awaiting formal instructions
+  from capitals, but informally most have indicated they favour
+  an extension, delegates said.
+      This afternoon's session was used by delegates to seek
+  further clarification on some of the issues involved, and to
+  discuss internal matters.
+      Some sources were optimistic a resolution on an extension
+  could be passed tomorrow but others suggested a special session
+  would be convened to adopt the resolution after the Association
+  of Tin Producing Countries meeting April 14 to 16.
+      The full Council session resumes tomorrow at 1330 GMT after
+  a European Community coordination meeting at 1100.
+  
+
diff --git a/reuters/test/15819 b/reuters/test/15819
new file mode 100644
index 0000000000000000000000000000000000000000..58a5e64a3df120bdcf15d39885b6c1348825a889
--- /dev/null
+++ b/reuters/test/15819
@@ -0,0 +1,6 @@
+SLATER ELECTRIC INC <SLAT> 1ST QTR FEB 28 NET
+  Shr four cts vs 10 cts
+      Net 31,000 vs 82,000
+      Sales 10.9 mln vs 9,760,000
+  
+
diff --git a/reuters/test/15821 b/reuters/test/15821
new file mode 100644
index 0000000000000000000000000000000000000000..14e9760e10e20ae469bb672df54b6535d2829109
--- /dev/null
+++ b/reuters/test/15821
@@ -0,0 +1,13 @@
+SOUTH JERSEY INDUSTRIES INC <SJI> 1ST QTR NET
+  Oper shr 1.64 dlrs vs 1.50 dlrs
+      Oper net 6,200,000 vs 5,600,000
+      Revs not given
+      12 mths
+      Oper shr 2.76 dlrs vs 2.58 dlrs
+      Oper net 10.4 mln vs 9,600,000
+      NOTE: Net income including discontinued operation and, in
+  both 1986 periods, 1,500,000 dlr gain from change in accounting
+  for which results restated, 6,200,000 dlrs vs 7,200,000 dlrs in
+  quarter and 10.6 mln dlrs vs 11.6 mln dlrs.
+  
+
diff --git a/reuters/test/15822 b/reuters/test/15822
new file mode 100644
index 0000000000000000000000000000000000000000..955e5801bd67c843b0ee225cdb6c9a26f0a62be3
--- /dev/null
+++ b/reuters/test/15822
@@ -0,0 +1,8 @@
+CITY NATIONAL CORP <CTYN> 1ST QTR NET
+  Shr 56 cts vs 35 cts
+      Net 10,271,000 vs 6,425,000
+      Loans 1.44 billion vs 1.20 billion
+      Deposits 2.36 billion vs 1.96 billion
+      Assets 2.96 billion vs 2.55 billion
+  
+
diff --git a/reuters/test/15823 b/reuters/test/15823
new file mode 100644
index 0000000000000000000000000000000000000000..5663cfc5aa9fdc06d70c549aee7f431109def492
--- /dev/null
+++ b/reuters/test/15823
@@ -0,0 +1,7 @@
+ALLIED BANKSHARES INC <ABGA> 1ST QTR NET
+  Shr 50 cts vs 26 cts
+      Net 1,316,000 vs 656,000
+      NOTE: qtr 1987 includes tax gain 500,000 dlrs, or 19 cts
+  per share.
+  
+
diff --git a/reuters/test/15829 b/reuters/test/15829
new file mode 100644
index 0000000000000000000000000000000000000000..4266c609897f7190d966a39af6d91474239d5bb9
--- /dev/null
+++ b/reuters/test/15829
@@ -0,0 +1,9 @@
+ROYAL DUTCH <RD> UNIT TO CUT HEATING OIL PRICE
+  Royal Dutch/Shell's Scallop Petroleum
+  Co subsidiary said it will reduce the price it charges contract
+  barge customers in New York harbor for heating oil by 2.5 cts a
+  gallon, effective tomorrow.
+      The company said the price cut will bring the contract
+  barge price for heating oil to 51 cts a gallon.
+  
+
diff --git a/reuters/test/15831 b/reuters/test/15831
new file mode 100644
index 0000000000000000000000000000000000000000..c5480c98c46c3f6f08a5f999d26f684de81ec290
--- /dev/null
+++ b/reuters/test/15831
@@ -0,0 +1,6 @@
+MAGMA RAISES COPPER PRICE 0.25 CT TO 65.75 CTS
+  Magma Copper Co, a subsidiary of
+  Newmont Mining Corp, said it is raising its copper cathode
+  price by 0.25 cent to 65.75 cents a lb, effective immediately.
+  
+
diff --git a/reuters/test/15832 b/reuters/test/15832
new file mode 100644
index 0000000000000000000000000000000000000000..568e701ca0fd49429efec83e202263c9f3e4eb98
--- /dev/null
+++ b/reuters/test/15832
@@ -0,0 +1,7 @@
+FIRST BANK SYSTEM INC <FBS> 1ST QTR NET
+  Shr 95 cts vs 80 cts
+      Net 57.4 mln vs 46.6 mln
+      Assets 28.39 billion vs 25.87 billion
+      Loans 13.99 billion vs 14.35 billion
+  
+
diff --git a/reuters/test/15833 b/reuters/test/15833
new file mode 100644
index 0000000000000000000000000000000000000000..39f718b296ac9d1bb862c66544f2aca76d61bc57
--- /dev/null
+++ b/reuters/test/15833
@@ -0,0 +1,8 @@
+CENTERRE BANCORP <CTBC> 1ST QTR NET
+  Shr 94 cts vs 1.02 dlrs
+      Net 7,255,000 vs 7,856,000
+      Loans 2.88 billion vs 2.94 billion
+      Deposits 4.05 billion vs 3.73 billion
+      Assets 5.43 billion vs 5.14 billion
+  
+
diff --git a/reuters/test/15834 b/reuters/test/15834
new file mode 100644
index 0000000000000000000000000000000000000000..b8be53b32e5f9af86f0825bf2c9dfa8e0e8df9fd
--- /dev/null
+++ b/reuters/test/15834
@@ -0,0 +1,9 @@
+SEA GALLEY STORES INC <SEAG> 1ST QTR NET
+  Oper shr four cts vs one ct
+      Oper net 108,000 vs 30,000
+      Revs 12.8 mln vs 14.8 mln
+      Note: Current qtr figures exclude operating loss
+  carryforward gain of 57,000 dlrs, or two cts per share vs gain
+  of 21,000 dlrs, or one ct per share.
+  
+
diff --git a/reuters/test/15836 b/reuters/test/15836
new file mode 100644
index 0000000000000000000000000000000000000000..6b0a848cf6971042179271039199f82775314209
--- /dev/null
+++ b/reuters/test/15836
@@ -0,0 +1,16 @@
+EGYPT CANCELS WHEAT TENDER
+  Egypt has cancelled its April 2 tender for
+  200,000 tonnes of any origin wheat for April 15-30 shipment,
+  trade and Egyptian official sources said.
+      Trade sources said the cancellation followed an offer by an
+  Egyptian company, Islamic Corp, at 85.80 dlrs/tonne cost and
+  freight, undercutting other traders' offers of between 93.90
+  and 94.49 dlrs/tonne.
+      An Egyptian trade official in Paris confirmed cancellation
+  of the tender following the Islamic Corp offer, which he said
+  the government had refused for legal reasons.
+      The official denied trade reports that the government might
+  have substituted a private deal with Islamic Corp for the
+  original tender.
+  
+
diff --git a/reuters/test/15838 b/reuters/test/15838
new file mode 100644
index 0000000000000000000000000000000000000000..db7d2df7ced295a2cfa66fcd6cfb4dda1c43db0e
--- /dev/null
+++ b/reuters/test/15838
@@ -0,0 +1,31 @@
+HOUSE PANEL WANTS PENTAGON MANAGE U.S. STOCKPILE
+  The House Armed Services Committee
+  has voted for a transfer in the management of stockpiled
+  materials for national defense to the U.S. Defense Secretary.
+      The committee also voted for legally-binding quantity and
+  quality requirements on the materials, mostly metals.
+      The measures are a part of the Defense Authorization Bill
+  which will be voted on in the House next month.
+      The purpose of the measures, passed by the committee
+  yesterday, is to improve stockpile management and discourage
+  sell-offs of materials that could jeopardize strategic needs, a
+  staff member of the committee told Reuters.
+      "They (the stockpiles) stand to gain the most by being
+  managed properly," said the staffer. "Management of the stockpile
+  over the last 10 years has been atrocious."
+      Responsibility for stockpile management now belongs to a
+  White House agency, the Federal Emergency Management Agency.
+      The staffer said under the measures passed by the committee
+  the Secretary of Defense would have more influence over
+  decisions to keep or sell strategic stockpile materials.
+      The administration has proposed a goal of 700 million dlrs
+  worth of strategic materials to be held in the stockpile. The
+  stockpile now contains around 10 billion dlrs of materials.
+      He said several agencies currently helped FEMA to manage
+  the stockpile and decide how much to sell to help the deficit.
+      These agencies included the Office of Management and Budget
+  and the Departments of Interior and Commerce, he said.
+      The committee believed the shared involvement in stockpile
+  management was counter-productive, he said.
+  
+
diff --git a/reuters/test/15840 b/reuters/test/15840
new file mode 100644
index 0000000000000000000000000000000000000000..be32db777663cc2d67db4041994436e48f273631
--- /dev/null
+++ b/reuters/test/15840
@@ -0,0 +1,69 @@
+CANADA TRADE RISE SEEN AS START OF RECOVERY
+  Canada's trade picture has brightened
+  considerably, underscoring economists' predictions the sector
+  would post a long awaited recovery this year.
+      The federal government reported today that the monthly
+  surplus soared to 1.25 billion Canadian dlrs in February,
+  double January's 623 mln dlrs surplus and sharply higher than
+  February 1986's 189 mln dlr tally.
+      "Hopefully it's the beginning of a trend," said Richardson
+  Greenshields of Canada Ltd economist Susan Clark in Toronto.
+      Economists generally don't expect such large gains over the
+  next months, but are looking for an upward trend throughout the
+  year.
+      "We thought the trade balance would improve ... over the
+  year, and it certainly looks as if this morning's figure is
+  indicative of that," commented economist James Donegan at the
+  Toronto securities firm of Midland Doherty Ltd.
+      Statistics Canada reported the surplus was driven by a 23
+  pct gain in automobile product exports to a record 3.2 billion
+  dls in the month.
+      "Recovery in the automotive sector helped push the value of
+  exports up by 5.9 pct in February," the agency said in its
+  monthly report.
+      Total exports expanded to 10.44 billion dlrs from 9.85
+  billion dlrs in February, while imports slipped to 9.19 billion
+  dlrs from 9.23 billion dlrs.
+      Economists have predicted the 1987 trade surplus would end
+  up three to five billion dlrs higher than last year's dismal
+  10.1 billion dlr total. In 1985 the surplus was 17.48 billion
+  dlrs.
+      Money market analysts said the positive trade news touched
+  off a modest rally in the Canadian dollar, which rose to 76.85
+  U.S. cts on North American markets early this morning after
+  closing at 76.58 cts Wednesday.
+      The currency was hovering around 76.78 cts in early
+  afternoon trading.
+      Economists have been banking on an improved trade
+  performance this year to stimulate an otherwise sluggish
+  Canadian economy.
+      Money market analysts said the positive trade news touched
+  off a modest rally in the Canadian dollar, which rose to 76.85
+  U.S. cts on North American markets early this morning after
+  closing at 76.58 cts Wednesday.
+      The currency was hovering around 76.78 cts in early
+  afternoon trading.
+      Economists have been banking on an improved trade
+  performance this year to stimulate an otherwise sluggish
+  Canadian economy.
+      They say the country's consumers, who have been spending at
+  a torrid pace in recent years, will sharply curtail outlays
+  this year and this should help curtail the flow of imports into
+  the country.
+      Meanwhile, demand for Canadian exports in the United
+  States, by far the country's largest market, is expected to be
+  strong as a result of a projected rise in American consumer
+  spending and the relatively low value of the Canadian currency.
+      "We maintain what's going to drive Canada's export
+  performance is income growth in the U.S.," said Midland's
+  Donegan.
+      But at the Bank of Nova Scotia, deputy chief economist
+  Warren Jestin was less optimistic about the U.S. outlook and
+  said it could be a mistake to read too much into February's
+  trade upturn.
+      Jestin said, "Given the fact the U.S. economy is showing
+  signs of weakening--particularly car sales--it would indicate
+  that part of the strength (in Canada's trade figures) is
+  probably transitory."
+  
+
diff --git a/reuters/test/15841 b/reuters/test/15841
new file mode 100644
index 0000000000000000000000000000000000000000..76e677752acb92a61c10f4f6470a254d88ae7c24
--- /dev/null
+++ b/reuters/test/15841
@@ -0,0 +1,23 @@
+FIRST BANK <FBS> SEES LOSS ON BRAZILIAN LOANS
+  First Bank Systems Inc, in reporting
+  higher first quarter net, said that if interest is not paid on
+  the 140 mln dlrs in Brazilian loans and nine mln dlrs in
+  Ecuadorian loans for the rest of 1987, its profits for the
+  entire year will be cut by 6.9 mln dlrs.
+      The banking firm said the non-performing status of these
+  loans cut first quarter net by 1.7 mln dlrs.
+      Earlier it reported first quarter profits of 57.4 mln dlrs
+  or 95 cts a share, up from 46.6 mln dlrs or 80 cts a share in
+  the year-ago period.
+      Nonaccrual loans, restructured loans and other real estate
+  were 637 mln dlrs, or 2.24 pct of total assets, compared to 514
+  mln dlrs or 1.84 pct of assets at the end of 1986 and 636.1
+  mln, or 2.46 pct of assets at March 31, 1986.
+      The provision for loan losses in the quarter was 35 mln
+  dlrs, compared to 152.1 mln in the first quarter 1986, when
+  there was a special addition to the reserve of 100 mln dlrs.
+  Net charge offs were 34.7 mln, compared to 41.1 mln dlrs a year
+  earlier.
+  REUTER^M
+  
+
diff --git a/reuters/test/15842 b/reuters/test/15842
new file mode 100644
index 0000000000000000000000000000000000000000..3b1fec9e94bf23cc5d7c1ffaef1e579b42f003d0
--- /dev/null
+++ b/reuters/test/15842
@@ -0,0 +1,5 @@
+USDA ESTIMATES 1986/87 USSR GRAIN IMPORTS  28.0 MLN TONNES VS 26.0 IN MARCH, 29.9 YEAR AGO
+
+  USDA ESTIMATES 1986/87 USSR GRAIN IMPORTS  28.0 MLN TONNES VS 26.0 IN MARCH, 29.9 YEAR AGO
+  
+
diff --git a/reuters/test/15844 b/reuters/test/15844
new file mode 100644
index 0000000000000000000000000000000000000000..d26fcc7e6ac36e0ed4d46b5aeaaef3b086040260
--- /dev/null
+++ b/reuters/test/15844
@@ -0,0 +1,5 @@
+USDA ESTIMATES 1986 SOVIET GRAIN CROP  AT 210 MLN TONNES VS 210 IN MARCH, 192 YEAR-AGO
+
+  USDA ESTIMATES 1986 SOVIET GRAIN CROP  AT 210 MLN TONNES VS 210 IN MARCH, 192 YEAR-AGO
+  
+
diff --git a/reuters/test/15845 b/reuters/test/15845
new file mode 100644
index 0000000000000000000000000000000000000000..abe69185e78faeedcf95fe3de24cd8f86862fb1d
--- /dev/null
+++ b/reuters/test/15845
@@ -0,0 +1,5 @@
+USDA - U.S. 1986/87 ENDING CORN STOCKS  5,240 MLN BU, WHEAT 1,848 MLN, SOYBEANS 610 MLN
+
+  USDA - U.S. 1986/87 ENDING CORN STOCKS  5,240 MLN BU, WHEAT 1,848 MLN, SOYBEANS 610 MLN
+  
+
diff --git a/reuters/test/15846 b/reuters/test/15846
new file mode 100644
index 0000000000000000000000000000000000000000..47e43b00c25b523b03a963d81e3168d3c11ee107
--- /dev/null
+++ b/reuters/test/15846
@@ -0,0 +1,5 @@
+USDA 1986/87 U.S. ORANGE CROP 190,050,000  BOXES, FLORIDA CROP 122,900,000 BOXES
+
+  USDA 1986/87 U.S. ORANGE CROP 190,050,000  BOXES, FLORIDA CROP 122,900,000 BOXES
+  
+
diff --git a/reuters/test/15847 b/reuters/test/15847
new file mode 100644
index 0000000000000000000000000000000000000000..9841f48b9abdabd91d2a70d094bc01c838b66356
--- /dev/null
+++ b/reuters/test/15847
@@ -0,0 +1,5 @@
+USDA ESTIMATES 1986/87 ORANGE JUICE YIELD  AT 1.50 GALS PER BOX FROM FLORIDA CROP
+
+  USDA ESTIMATES 1986/87 ORANGE JUICE YIELD  AT 1.50 GALS PER BOX FROM FLORIDA CROP
+  
+
diff --git a/reuters/test/15851 b/reuters/test/15851
new file mode 100644
index 0000000000000000000000000000000000000000..cab22453a46563a39c90619260998d15d2cce951
--- /dev/null
+++ b/reuters/test/15851
@@ -0,0 +1,16 @@
+VORNADO INC <VNO> 4TH QTR JAN 31 NET
+  Oper shr 1.64 dlrs vs 84 cts
+      Oper net 4,583,000 vs 2,869,000
+      Revs 20.1 mln vs 19.0 mln
+      Avg shrs 2,791,639 vs 3,432,746
+      Year
+      Oper shr 4.46 dlrs vs 3.20 dlrs
+      Oper net 14.1 mln vs 10.9 mln
+      Revs 74.6 mln vs 68.0 mln
+      Avg shrs 3,154,665 vs 3,425,187
+      NOTE: Operating net excludes gains of nothing vs 2,444,000
+  dlrs, or 72 cts a share, in quarter and 1,890,000 dlrs, or 60
+  cts a share, vs 9,3267,000 dlrs, or 2.72 dlrs a share, in year
+  from tax loss carryforwards
+  
+
diff --git a/reuters/test/15852 b/reuters/test/15852
new file mode 100644
index 0000000000000000000000000000000000000000..75fd78544e3a83a1fd1259e6984d4d37201c8737
--- /dev/null
+++ b/reuters/test/15852
@@ -0,0 +1,5 @@
+FIRST UNION CORP FIRST QTR SHR 71 CTS VS 61 CTS
+
+  FIRST UNION CORP FIRST QTR SHR 71 CTS VS 61 CTS
+  
+
diff --git a/reuters/test/15853 b/reuters/test/15853
new file mode 100644
index 0000000000000000000000000000000000000000..3e402bd15b8575d02de3f7e43f89a4c7673db8b7
--- /dev/null
+++ b/reuters/test/15853
@@ -0,0 +1,42 @@
+U.S. SUPPLY/DEMAND HIGHLIGHTS
+  Following are highlights of the U.S.
+  Agriculture Department supply/demand projections for the
+  1986/87 seasons, in mln bushels, with comparisons, unless noted
+  --
+      Corn -- Stocks, Aug 31, 1987, at 5,240, vs 5,595 last
+  month. Stocks, Aug 31, 1986, at 4,040, vs 4,040 last month.
+      Exports projected at 1,375, vs 1,250 last month. Exports in
+  1985/86 at 1,241, vs 1,241 last month.
+      Domestic use at 5,680, vs 5,450 last month. Usage in the
+  1985/86 season at 5,255, vs 5,255 last month.
+      Wheat -- Stocks, May 31, 1987, projected at 1,848, vs 1,877
+  last month. Stocks on May 31, 1986, at 1,905, vs 1,905 last
+  month.
+      Exports in 1986/87 season at 1,025, vs 1,025 last month.
+  1985/86 season at 915, vs 915 last month.
+      Domestic use in 1986/87 at 1,134, vs 1,105 last month.
+  1985/86 at 1,045, vs 1,045 last month.
+      Cotton -- in mln 480 lb bales - Stocks, July 31, 1987, at
+  5.40, vs 5.49 last month. Stocks July 31, 1986, at 9.35, vs
+  9.35 last month.
+      Exports in 1986/87 season at 6.66, vs 6.76 last month.
+  Exports in 1985/86 - 1.96, vs 1.96 last month.
+      Soybeans -- in mln bushels - Stocks, Aug 31, 1987,
+  projected at 610, vs 635 last month. Stocks Aug 31, 1986, at
+  536, vs 536 last month.
+      Soybean crushings during 1986/87 - 1,130, vs 1,115 last
+  month. Crushings in 1985/86 at 1,053, vs 1,053 last month.
+      Exports in 1986/87 season at 700, vs 700 last month.
+  Exports in 1985/86 at 740, vs 740 last month.
+      Soybean Oil -- mln lbs - Stocks on Sept 30, 1987, at 1,360,
+  vs 1,200 last month. Stocks on Sept 30, 1986, at 947,  vs 947
+  last month.
+      Exports in 1986/87 at 1,350, vs 1,350 last month.  Exports
+  in 1985/86 at 1,257, vs 1,257 last month.
+      Soybean Cake/Meal -- thousand short tons - Stocks, Sept 30,
+  1987, at 270, vs 315 last month. Stocks, Sept 30, 1986, at 212,
+  vs 212 last month.
+      Exports in 1986/87 season at 6,500, vs 6,350 last month. 
+  Exports in 1985/86 at 6,036, vs 6,008 last month.
+  
+
diff --git a/reuters/test/15854 b/reuters/test/15854
new file mode 100644
index 0000000000000000000000000000000000000000..f5338c27d4dce8c16d39a304fd4d0ddc95cfcc01
--- /dev/null
+++ b/reuters/test/15854
@@ -0,0 +1,14 @@
+U.S. CITRUS CROP ESTIMATE -- USDA
+  The U.S. Agriculture Department
+  estimated 1986/87 citrus production, as follows (in boxes) --
+      Total U.S. orange crop (excluding Florida Temples) --
+  190,050,000 boxes, vs 190,850,000 boxes last month and
+  176,410,000 boxes in the 1985/86 crop.
+      Florida oranges (excluding Temples) -- 122,900,000 boxes,
+  vs 124,000,000 last month and 119,000,000 boxes in 1985/86.
+      Florida Temples -- 3,400,000 boxes, vs 3,400,000 last month
+  and 2,950,000 boxes in 1985/86.
+      The department's estimates are based on April 1 crop
+  conditions.
+  
+
diff --git a/reuters/test/15855 b/reuters/test/15855
new file mode 100644
index 0000000000000000000000000000000000000000..8915a3c38ff1e81824ea15d69053e1385da1db0b
--- /dev/null
+++ b/reuters/test/15855
@@ -0,0 +1,11 @@
+USDA ORANGE JUICE YIELD ESTIMATE
+  The U.S. Agriculture Department
+  projected an average yield of 1.50 gallons of frozen
+  concentrated orange juice per box (42.0 degree brix equivalent)
+  from Florida's 1986/87 crop.
+      That compares with 1.47 gallons per box previously and 1.38
+  gallons per box from the 1985/86 crop.
+      The crop reporting board said the estimates for the 1986/87
+  season are based on maturity and yields tests as of April 1.
+  
+
diff --git a/reuters/test/15856 b/reuters/test/15856
new file mode 100644
index 0000000000000000000000000000000000000000..00e41d0365702087af3dd3c128ce62be5af67fc5
--- /dev/null
+++ b/reuters/test/15856
@@ -0,0 +1,15 @@
+USSR ADDS U.S. CORN TO COMMITMENTS - USDA
+  The Soviet Union has added 175,600
+  tonnes of U.S. corn to its previous commitments for delivery in
+  the fourth year of the U.S.-USSR Grain Supply Agreement, which
+  began October 1, 1986, the U.S. Agriculture Department said.
+      According to the department's Export Sales Report, covering
+  transactions in the week ended April 2, corn transactions
+  consisted of 140,600 tonnes of new sales and changes in
+  destinations for 35,000 tonnes.
+      Total corn commitments to the USSR  for delivery in the
+  fourth agreement year amount to 2,825,600 tonnes. The Soviets
+  have not purchased wheat or soybeans in the fourth year of the
+  agreement.
+  
+
diff --git a/reuters/test/15858 b/reuters/test/15858
new file mode 100644
index 0000000000000000000000000000000000000000..349a29979de6087d549c15bd3accb11de622f0c1
--- /dev/null
+++ b/reuters/test/15858
@@ -0,0 +1,12 @@
+USDA SPRING POTATO ESTIMATES
+  The U.S. Agriculture Department
+  estimated 1987 spring potato production, based on April 1
+  conditions, at 19,267,000 cwts (100 lbs), vs 19,822,000 cwts
+  indicated last year.
+      The department estimated spring potato area for harvest at
+  79,100 acres, vs 76,700 acres estimated last month and 75,900
+  acres harvested last year.
+      Spring potato yield per harvested acre is forecast at 244
+  cwt per acre, vs 261 cwt per acre a year ago, USDA said.
+  
+
diff --git a/reuters/test/15859 b/reuters/test/15859
new file mode 100644
index 0000000000000000000000000000000000000000..bdcac0ef3b761bc76471a37bc3bcf2189e344350
--- /dev/null
+++ b/reuters/test/15859
@@ -0,0 +1,11 @@
+USDA REVISES 1986 SUMMER POTATOES
+  The U.S. Agriculture Department made
+  the following revisions for 1986 crop summer potatoes --
+      Production -- 21,003,000 cwt (100 lbs), vs 20,900,000 cwt
+  estimated previously.
+      Acreage for harvest -- 95,700 acres, vs 95,800 acres
+  estimated previously.
+      Yield per harvested acre -- 219 cwt per acre, vs 218 cwt
+  per acre previously estimated, the department said.
+  
+
diff --git a/reuters/test/15860 b/reuters/test/15860
new file mode 100644
index 0000000000000000000000000000000000000000..e0241a1675e3367173a03c012fedf04712f0a74b
--- /dev/null
+++ b/reuters/test/15860
@@ -0,0 +1,17 @@
+USDA DETAILS FREE GRAIN STOCKS UNDER LOAN
+  The U.S. Agriculture Department gave
+  projected carryover free stocks of feedgrains, corn and wheat
+  under loans, with comparisons, as follows, in mln bushels,
+  except feedgrains, which is in mln tonnes --
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Under Regular Nine Month Loan --
+        WHEAT    225     300       678     678
+   FEEDGRAINS   52.1    68.1      75.7    75.7
+         CORN  1,800   2,400     2,589   2,589
+   Special Producer Storage Loan Program --
+        WHEAT    165     150       163     163
+   FEEDGRAINS    7.0     6.7       5.3     5.3
+         CORN    200     200       147     147
+  
+
diff --git a/reuters/test/15861 b/reuters/test/15861
new file mode 100644
index 0000000000000000000000000000000000000000..331af76c22511071da4969620dcbde6381c3d6c0
--- /dev/null
+++ b/reuters/test/15861
@@ -0,0 +1,20 @@
+CLEVITE <CLEV> AMENDS RIGHTS PLAN
+  Clevite Industries Inc, which
+  earlier received a 96 mln dlr takeover offer from J.P.
+  Industries Inc <JPI>, said it amended its Shareholder Rights
+  Plan so that certain provisions of the plan cannot occur until
+  the board determines that it is in the best interests of the
+  company and stockholders.
+      The plan, adopted in December 1986, permits Clevite to
+  issue shares at half price to existing stockholders and allows
+  stockholders to buy shares of an unfriendly bidder at half
+  price.
+      Clevite said the amendments by its board effectively mean
+  that the so-called flip-in and flip-over provisions of its
+  rights plan can only be triggered by affirmative board
+  approval.
+      The company said it acted inview of the proposed
+  acquisition and because certain debt restrictions could block
+  its ability to redeem the rights.
+  
+
diff --git a/reuters/test/15863 b/reuters/test/15863
new file mode 100644
index 0000000000000000000000000000000000000000..0193058904de143c2a3004a4333752cd64d23e66
--- /dev/null
+++ b/reuters/test/15863
@@ -0,0 +1,23 @@
+USDA ESTIMATES SOVIET WHEAT, COARSE GRAINS
+  The U.S. Agriculture Department
+  forecast the Soviet 1986/87 wheat crop at 92.30 mln tonnes, vs
+  92.30 mln tonnes last month. It put the 1985/86 crop at 78.10
+  mln tonnes, vs 78.10 mln tonnes last month.
+      Soviet 1986/87 coarse grain production is estimated at
+  103.30 mln tonnes, vs 103.30 mln tonnes last month. Production
+  in 1985/86 is projected at 99.99 mln tonnes, vs 100.00 mln
+  tonnes last month.
+      USSR wheat imports are forecast at 15.00 mln tonnes in
+  1986/87, vs 15.00 mln tonnes last month. Imports in 1985/86 are
+  put at 15.70 mln tonnes, vs 15.70 mln tonnes last month. USDA
+  estimated Soviet 1986/87 coarse grain imports at 12.00 mln
+  tonnes, vs 10.00 mln tonnes last month, and 1985/86 imports at
+  13.70 mln tonnes, vs 13.70 mln tonnes last month.
+      USDA said Soviet coarse grain imports include 1986/87 corn
+  imports, which it forecast at 8.00 mln tonnes, vs 6.00 mln
+  tonnes last month. Corn imports in 1985/86 are estimated at
+  10.40 mln tonnes, vs 10.40 mln last month.
+      Total Soviet grain imports in 1986/87, at 28.0 mln tonnes,
+  include one mln tonnes of miscellaneous grains.
+  
+
diff --git a/reuters/test/15864 b/reuters/test/15864
new file mode 100644
index 0000000000000000000000000000000000000000..a61c68eaf18d5f1a794d16aaa04ec0c83b3ca272
--- /dev/null
+++ b/reuters/test/15864
@@ -0,0 +1,61 @@
+WHEAT BY CLASS BREAKDOWN
+  The U.S. Agriculture Department gave
+  the 1986/87 breakdown of supply and distribution for wheats by
+  classes, in mln bushels, with comparisons, as follows.
+      HARD WINTER --
+                  1986/87           1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stocks 1,009   1,009      717     717
+   Production   1,018   1,018    1,230   1,230
+   Ttl Supply-X 2,027   2,027    1,947   1,947
+   Domestic Use   599     579      543     543
+   Exports        450     475      395     395
+   Total Use    1,049   1,054      938     938
+   End Stocks     978     973    1,009   1,009
+   Note - Season begins June 1. X-Includes imports
+      HARD SPRING --
+                  1986/87           1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stocks   498     498      371     371
+   Production     451     451      460     460
+   Ttl Supply-X   956     956      838     838
+   Domestic Use   218     192      174     174
+   Exports        200     190      166     166
+   Total Use      418     382      340     340
+   End Stocks     538     574      498     498
+   Note - Season begins June 1. X-Includes imports.
+      SOFT RED --
+                 1986/87           1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stocks   79     79       64     64
+   Production    290    290      368    368
+   Ttl Supply-X  369    369      432    432
+   Domestic Use  181    193      204    204
+   Exports       120    120      149    149
+   Total Use     301    313      353    353
+   End Stocks     68     56       79     79
+   Note - Season begins June 1. X-Includes imports
+      WHITE --
+                 1986/87           1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stocks  198    198      173    173
+   Production    232    232      254    254
+   Ttl Supply-X  433    433      430    430
+   Domestic Use   82     83       80     80
+   Exports       170    160      152    152
+   Total Use     252    243      232    232
+   End Stocks    181    190      198    198
+   Note - Season begins June 1. X-Includes imports.
+      DURUM --
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stocks   121    121      100    100
+   Production      95     95      113    113
+   Ttl Supply-X   221    221      218    218
+   Domestic Use    54     58       44     44
+   Exports         85     80       53     53
+   Total Use      139    138       97     97
+   End Stocks      82     83      121    121
+   Note - Season begins June 1. X-Includes Imports.
+  
+
diff --git a/reuters/test/15865 b/reuters/test/15865
new file mode 100644
index 0000000000000000000000000000000000000000..06096720fb3c902c29668468ecdbdc0788529d8a
--- /dev/null
+++ b/reuters/test/15865
@@ -0,0 +1,13 @@
+USDA FORECASTS BRAZIL/ARGENTINE SOYBEAN CROPS
+  The U.S. Agriculture Department
+  forecast Brazil's 1986/87 soybean crop at 17.00 mln tonnes, vs
+  17.00 estimated last month. It put the 1985/86 crop at 13.90
+  mln tonnes, vs 13.70 mln last month.
+      The department forecast Argentina's 1986/87 soybean crop at
+  7.70 mln tonnes, vs 7.70 mln last month. It projected the
+  1985/86 crop at 7.30 mln tonnes, vs 7.30 mln last month.
+      Brazil's 1986/87 soybean exports were forecast at 2.50 mln
+  tonnes, vs 2.50 mln tonnes estimated last month. USDA projected
+  1985/86 exports at 1.20 mln tonnes, vs 1.20 mln last month.
+  
+
diff --git a/reuters/test/15866 b/reuters/test/15866
new file mode 100644
index 0000000000000000000000000000000000000000..1db6c5331e61405c7017be84e5aee83073742da7
--- /dev/null
+++ b/reuters/test/15866
@@ -0,0 +1,13 @@
+USDA ESTIMATES ARGENTINE COARSE GRAIN, WHEAT
+  The U.S. Agriculture Department
+  forecast Argentina's 1986/87 coarse grain crop at 13.99 mln
+  tonnes, vs 15.44 mln tonnes last month. It estimated the
+  1985/86 crop at 17.06 mln tonnes, vs 17.14 mln last month.
+      USDA forecast Argentina's 1986/87 wheat crop at 9.00 mln
+  tonnes, vs 9.00 mln tonnes last month, while the 1985/86 crop
+  was projected at 8.50 mln tonnes, vs 8.50 mln last month.
+      USDA forecast Argentine 1986/87 coarse grain exports at
+  6.60 mln tonnes, vs 7.73 mln tonnes last month, and projected
+  1985/86 exports at 9.43 mln tonnes, vs 9.58 mln last month.
+  
+
diff --git a/reuters/test/15867 b/reuters/test/15867
new file mode 100644
index 0000000000000000000000000000000000000000..98c9096aeb75991b3f09ce6c207d4ce7e21466a9
--- /dev/null
+++ b/reuters/test/15867
@@ -0,0 +1,5 @@
+STOP AND SHOP COS IN 2-FOR-1 SPLIT, HIKES DIVIDEND
+
+  STOP AND SHOP COS IN 2-FOR-1 SPLIT, HIKES DIVIDEND
+  
+
diff --git a/reuters/test/15868 b/reuters/test/15868
new file mode 100644
index 0000000000000000000000000000000000000000..6a49c8f7509e5fdd6fe75f66d5711bf66a9fb8d6
--- /dev/null
+++ b/reuters/test/15868
@@ -0,0 +1,11 @@
+USDA ESTIMATES AUSTRALIA WHEAT CROP
+  The U.S. Agriculture Department
+  forecast Australia's 1986/87 wheat crop at 16.70 mln tonnes, vs
+  17.30 mln tonnes last month. It estimated 1985/86 output at
+  16.13 mln tonnes, vs 16.13 mln last month.
+      Australian wheat exports in 1986/87 are forecast at 14.50
+  mln tonnes, vs 14.50 mln tonnes last month, while exports in
+  1985/86 are estimated at 15.96 mln tonnes, vs 15.96 mln last
+  month.
+  
+
diff --git a/reuters/test/15869 b/reuters/test/15869
new file mode 100644
index 0000000000000000000000000000000000000000..a9b22257881ab2c9dd87e0ee95d40c53368d05b5
--- /dev/null
+++ b/reuters/test/15869
@@ -0,0 +1,10 @@
+USDA ESTIMATES CHINA WHEAT
+  The U.S. Agriculture Department
+  projected China's 1986/87 wheat crop at 90.30 mln tonnes, vs
+  88.50 mln tonnes last month. It estimated the 1985/86 crop at
+  85.81 mln tonnes, vs 85.81 mln last month.
+      USDA projected China's 1986/87 wheat imports at 7.00 mln
+  tonnes, vs 7.00 mln tonnes last month, and estimated 1985/86
+  imports at 6.60 mln tonnes, vs 6.60 mln last month.
+  
+
diff --git a/reuters/test/15870 b/reuters/test/15870
new file mode 100644
index 0000000000000000000000000000000000000000..33551d7d185901076405df6d5d4443ad0b63a46d
--- /dev/null
+++ b/reuters/test/15870
@@ -0,0 +1,14 @@
+USDA ESTIMATES CANADIAN CROPS
+  The U.S. Agriculture Department
+  estimated Canada's 1986/87 wheat crop at 31.85 mln tonnes, vs
+  31.85 mln tonnes last month. It estimated 1985/86 output at
+  24.25 mln tonnes, vs 24.25 mln last month.
+      Canadian 1986/87 coarse grain production is projected at
+  27.62 mln tonnes, vs 27.62 mln tonnes last month. Production in
+  1985/86 is estimated at 24.95 mln tonnes, vs 24.95 mln last
+  month.
+      Canadian wheat exports in 1986/87 are forecast at 19.00 mln
+  tonnes, vs 19.00 mln tonnes last month. Exports in 1985/86 are
+  estimated at 17.72 mln tonnes, vs 17.71 mln last month.
+  
+
diff --git a/reuters/test/15871 b/reuters/test/15871
new file mode 100644
index 0000000000000000000000000000000000000000..5c2c5d4c0958e7b1962003bac6188f5f960f8fe3
--- /dev/null
+++ b/reuters/test/15871
@@ -0,0 +1,308 @@
+NET CHANGE IN EXPORT COMMITMENTS -- USDA
+  The U.S. Agriculture Department gave
+  the net change in export commitments, including sales,
+  cancellations, foreign purchases and cumulative exports, in the
+  current seasons through the week ended April 2, with
+  comparisons, as follows, in tonnes, except as noted --
+                          4/2/87   Prev Week
+              All Wheat   119,800    368,300
+                   Corn 1,001,900    927,000
+               Soybeans   240,500    300,900
+           Soy Cake/Meal  117,700    170,200
+            Soybean Oil     2,400-x    8,100
+              Cotton-Y     60,200     31,900
+     x-minus total. Y-running bales.
+      The indicated totals include reported commitments to both
+  named and unnamed destinations, sales on exporters' own account
+  and optional origin sales plus actual exports already made
+  during the respective marketing seasons.
+      The USDA cautions that reported outstanding sales are
+  subject to modification, deferral or cancellation and it is
+  unlikely that all reported quantities will be exported.
+      USDA gave detailed breakdowns for the 1986/87 and 1987/88
+  seasons as follows, in thousand tonnes unless stated --
+   (A) - Firm sales to a declared destination.
+   (B) - Ultimate destination not yet declared.
+   (C) - Sales made on exporters' own account.
+   (D) - Exporter holds option to fill commitment with supplies 
+  from origins other than U.S.
+   (E) - Accumulated exports since season began based on data 
+  reported by exporters.
+   (F) - Indicated total for season.
+   (G) - USDA-projected exports for season.
+   Note -- Totals may not add due to rounding.
+       ALL WHEAT
+                  1986/87             1987/88
+               4/2/87   Prev Wk  4/3/87 Prev Wk
+   Named-A    3,157.6   3,684.1 1,591.4 1,635.6
+   Unnamed-B    143.8     144.3    87.1    57.1
+   E.O.A.-C       9.5       9.5     nil     nil
+   O.O.P.-D       nil       nil     nil     nil
+   Gr Total   3,310.9   3,837.9 1,679.0 1,692.7
+   Ay Expd-E 21,044.6  20,433.4
+   Ind Ttl-F 24,355.5  24,271.3
+   USDAPRJ-G 27,900.0  27,900.0
+      SOYBEANS
+                   1986/87            1987/88
+               4/2/87   Prev Wk   4/2/87  Prev Wk
+   Named-A    1,774.7  1,780.3     215.9   215.9
+   Unnamed-B    500.3    524.8       nil    30.0
+   E.O.A.-C      18.4     18.4       nil     nil
+   O.O.P.-D       nil      nil       nil     nil
+   Gr Total   2,293.4  2,323.5     215.9   245.9
+   Ay Expd-E 14,334.2 14,183.2
+   Ind Ttl-F 16,627.6 16,506.7
+   USDAPRJ-G 19,050.0 19,050.0
+      CORN
+                  1986/87             1987/88
+              4/2/87    Prev Wk    4/2/87 Prev WK
+   Named-A    8,559.8   8,684.8    772.1   268.8
+   Unnamed-B    945.7     920.1      nil     nil
+   E.O.A-C       90.8      66.9      nil     nil
+   O.O.P-D      138.0     175.0      nil     nil
+   Gr Total   9,734.3   9,846.9    772.1   268.8
+   Ay Expd-E 20,296.0  19,293.8
+   Ind Ttl-F 30,030.3  29,140.7
+   USDAPRJ-G 31,750.0  31,750.0
+      SORGHUM
+                  1986/87            1987/88
+               4/2/87  Prev Wk    4/2/87 Prev WK
+   Named-A      875.6    805.1     nil      nil
+   Unnamed-B    151.2    151.2     10.2-x   nil
+   E.O.A-C        nil      nil     nil      nil
+   O.O.P-D      114.5    138.3     nil      nil
+   Gr Total   1,141.3  1,094.6     10.2-x   nil
+   Ay Expd-E  3,222.5  3,149.7
+   Ind Ttl-F  4,363.8  4,244.3
+   USDAPRJ-G  5,720.0  5,720.0
+   x-minus total 
+      WHEAT PRODUCTS
+                 1986/87            1987/88
+              4/2/87  Prev Wk   4/2/87   Prev Wk
+   Named-A     321.0   401.9       nil    nil
+   Unnamed-B     nil     nil       nil    nil
+   E.O.A.-C      nil     nil       nil    nil
+   O.O.P.-D      nil     nil       nil    nil
+   Gr Total    321.0   401.9       nil    nil
+   Ay Expd-E   926.9   840.9
+   Ind Ttl-F 1,348.2 1,242.8
+    Note - Includes bulgur, semolina, farina, rolled, cracked and
+  crushed wheat.
+      SOYBEAN OIL
+                 1986/87           1987/88
+             4/2/87  Prev Wk    4/2/87  Prev Wk
+   Named-A      8.8    10.4      nil     nil
+   Unnamed-B    7.0    10.5      nil     nil
+   E.O.A-C      nil     nil      nil     nil
+   O.O.P-D      nil     nil      nil     nil
+   Gr Total    15.8    20.9      nil     nil
+   Ay Expd-E  138.4   135.8
+   Ind Ttl-F  154.2   156.7
+   USDAPRJ-G  610.0   610.0
+      SOYBEAN CAKE AND MEAL
+                  1986/87             1987/88
+               4/2/87  Prev Wk    4/2/87 Prev Wk
+   Named-A      788.0    869.7    50.7      48.4
+   Unnamed-B     76.0     94.0     nil       nil
+   E.O.A-C        2.7      6.1     nil       nil
+   O.O.P-D        nil      nil     nil       nil
+   Gr Total     866.7    969.8    50.7      48.4
+   Ay Expd-E  4,098.0  3,880.6
+   Ind Ttl-F  4,964.7  4,850.4
+   USDAPRJ-G  5,760.0  5,760.0
+       COTTONSEED OIL
+                 1986/87            1987/88
+              4/2/87  Prev Wk   4/2/87   Prev Wk
+   Named-A      7.4     7.2       nil     nil
+   Unnamed-B    0.3     0.3       nil     nil
+   E.O.A.-C     nil     nil       nil     nil
+   O.O.P.-D     7.8     7.8       nil     nil
+   Gr Total    15.4    15.2       nil     nil
+      ALL UPLAND DOMESTIC RAW COTTON-Y
+                  1986/87            1987/88
+              4/2/87    Prev Wk   4/2/87  Prev Wk
+   Named-A    2,007.9  2,076.1     468.2   457.2
+   Unnamed-B     20.3     20.2       nil     nil
+   E.O.A-C        nil      nil       nil     nil
+   O.O.P-C        nil      nil       nil     nil
+   Gr Total   2,028.2  2,096.3     468.2   457.2
+   Ay Expd-E  4,333.1  4,204.7
+   Ind Ttl-F  6,361.3  6,301.0
+   USDAPRJ-G  6,335.0  6,335.0
+    Y-In thousand running bales.
+      BARLEY
+                   1986/87            1987/88
+              4/2/87   Prev Wk     4/2/87 Prev Wk
+   Named-A      559.5    584.5      nil      nil
+   Unnamed-B     12.7     12.7      nil      nil
+   E.O.A.-C       nil      nil      nil      nil
+   O.O.P.-D      25.0     25.0      nil      nil
+   Gr Total     597.1    622.1      nil      nil
+   Ay Expt-E  2,464.6  2,440.7
+   Ind Ttl-F  3,061.7  3,062.8
+   USDAPRJ-G  3,270.0  3,270.0
+      OATS
+               1986/87            1987/88
+             4/2/87 Prev Wk    4/2/87  Prev Wk
+   Named-A     nil    nil       nil    nil
+   Unnamed-B   nil    nil       nil    nil
+   E.O.A.-C    nil    nil       nil    nil
+   O.O.P.-D    nil    nil       nil    nil
+   Gr Total    nil    nil       nil    nil
+   Ay Expd-E   2.4    2.4
+   Ind Ttl-F   2.4    2.4
+   USDAPRJ-G  30.0   30.0
+      RICE
+                  1986/87            1987/88
+              4/2/87   Prev Wk    4/2/87  Prev Wk
+   Named-A      347.6    369.1      nil     nil
+   Unnamed-B      1.0      1.0      nil     nil
+   E.O.A-C        nil      nil      nil     nil
+   O.O.P-D        nil      nil      nil     nil
+   Gr Total     348.6    370.1      nil     nil
+   Ay Expd-E  1,718.8  1,688.2
+   Ind Ttl-F  2,067.4  2,058.3
+   USDAPRJ-G  2,580.0  2,580.0
+      HARD RED WINTER WHEAT
+                 1986/87            1987/88
+             4/2/87   Prev Wk     4/2/87  Prev Wk
+   Named-A   1,738.0  2,019.7     893.0   943.0
+   Unnamed-B    80.5     70.5     107.6    77.2
+   E.O.A.-C      nil      nil       nil     nil
+   O.O.P.-D      nil      nil       nil     nil
+   Gr Total  1,818.5  2,090.2   1,000.6 1,020.2
+   Ay Exp-E  8,332.1  7,974.5
+   Ind Tl-F 10,150.6 10,064.8
+      WHITE WHEAT
+                 1986/87            1987/88
+              4/2/87  Prev Wk    4/2/87   Prev Wk
+   Named-A     548.5    635.6     58.0    58.0
+   Unnamed-B    19.0-x   19.0-x    6.0-x   6.0-x
+   E.O.A.-C      nil      nil      nil     nil
+   O.O.P.-D      nil      nil      nil     nil
+   Gr Total    529.5    616.6     52.0    52.0
+   Ay Exp-E  3,831.5  3,757.7
+   Ind Tl-F  4,361.0  4,374.3
+    x - denotes minus figure
+      HARD RED SPRING WHEAT
+                1986/87             1987/88
+            4/2/87   Prev Wk    4/2/87   Prev Wk
+   Named-A    576.6    620.6    164.7   164.7
+   Unnamed-B   29.6     16.0      nil     nil
+   E.O.A.-C     0.9      0.9      nil     nil
+   O.O.P.-D     nil      nil      nil     nil
+   Gr Total   607.1    637.5    164.7   164.7
+   Ay Exp-E 4,312.4  4,247.6
+   Ind Tl-F 4,919.5  4,885.1
+       DURUM WHEAT
+                1986/87              1987/88
+             4/2/87   Prev Wk    4/2/87  Prev Wk
+   Named-A    166.6    280.3      93.4   93.4
+   Unnamed-B   52.8     76.9       nil    nil
+   E.O.A.-C     2.8      2.8       nil    nil
+   O.O.P.-D     nil      nil       nil    nil
+   Gr Total   222.2    360.0      93.4   93.4
+   Ay Exp-E 1,842.6  1,727.5
+   Ind Tl-F 2,064.8  2,087.5
+      SOFT RED WINTER WHEAT
+                 1986/87             1987/88
+              4/2/87  Prev Wk     4/2/87  Prev Wk
+   Named-A     127.8    127.8    382.3   376.5
+   Unnamed-B     nil      nil     14.0-x  14.0-x
+   E.O.A.-C      5.8      5.8      nil     nil
+   O.O.P.-D      nil      nil      nil     nil
+   Gr Total    133.6    133.6    368.3   362.5
+   Ay Exp-E  2,726.0  2,726.0
+   Ind Tl-F  2,859.6  2,859.6
+   x-minus figure
+      Country and destinations of the identified sales of
+  commodities reported by exporters in week ended April 2 for
+  the respective marketing seasons were detailed by the USDA as
+  follows, with comparisons for the previous week, in thousands
+  of tonnes, except where noted-- 
+   ALL WHEAT  
+                 1986/87             1987/88
+               4/2/87  Prev Wk   4/2/87   Prev Wk
+   E.C.          nil     nil      50.0    50.0
+   Other West
+   Europe      218.8   236.8       nil     nil
+   East Europe 261.0   346.0      25.0    25.0
+      ALL WHEAT Continued
+                   1986/87            1987/88
+               4/2/87  Prev Wk    4/2/87  Prev Wk
+   USSR           nil      nil      nil     nil
+   Japan        490.4    662.2      nil     nil
+   China         90.0     90.0    910.0   910.0
+   Taiwan       115.0    141.0    144.0   144.0
+   Other Asia and
+   Oceania      654.9    730.9     28.6    78.6
+   Africa       959.5  1,115.0    167.1   167.1
+   Western
+   Hemisphere   367.9    362.1    266.7   260.9
+   SOYBEANS        1986/87            1987/88
+              4/2/87   Prev Wk   4/2/87   Prev Wk
+   E.C.        302.2     317.7    91.4     91.4
+   Other West
+   Europe       25.0      25.0     nil      nil
+   East Europe 101.0     101.0     nil      nil
+   Japan       355.4     330.5     nil      nil
+   China         nil       nil     nil      nil
+   Taiwan      472.0     499.0    87.0     87.0
+   Other Asia and
+   Oceania     164.6     187.7     nil      nil
+   Africa        nil       nil     nil      nil
+   Western
+   Hemisphere  354.4     391.5     37.5    37.5
+      SOYBEAN OIL
+               1986/87           1987/88
+            4/2/87  Prev Wk    4/2/87  Prev Wk
+   E.C.        1.5     1.5      nil     nil
+   India       nil     nil      nil     nil
+   Other Asia and
+   Oceania     nil     nil      nil     nil
+   Africa      nil     nil      nil     nil
+   Western
+   Hemisphere  7.3     8.9      nil     nil
+      SOYBEAN CAKE/MEAL
+                   1986/87            1987/88
+              4/2/87   Prev Wk   4/2/87   Prev Wk
+   E.C.        301.7   350.7     47.2   45.0
+   Other West
+   Europe        nil     nil      nil    nil
+   East Europe   nil    36.0      nil    nil
+   Japan         nil     3.5      nil    nil
+   Other Asia and
+   Oceania      25.0    40.0      nil    nil
+   Africa       30.2    38.0      nil    nil
+   Western
+   Hemisphere  431.0   401.5      3.4    3.4
+      CORN         1986/87            1987/88
+                4/2/87   Prev Wk   4/2/87  Prev Wk
+   E.C.           82.5     22.5       0.2     0.2
+   Other West
+   Europe          nil      0.8       nil     nil
+   E. Europe      94.0     50.0      50.0    50.0
+   USSR        2,432.7  2,543.8       nil     nil
+   Japan       2,767.4  2,787.8      52.4    21.0
+   China         495.0    555.0       nil     nil
+   Taiwan        791.0    836.0     390.0   170.0
+   Other Asia and
+   Oceania       721.7    615.2     250.0     nil
+   Africa        125.0    195.5       nil     nil
+   WestHem     1,050.5  1,114.0      29.4    27.6
+      UPLAND COTTON (In thousand bales)
+                 1986/87             1987/88
+              4/2/87  Prev Wk     4/2/87 Prev Wk
+   E.C.        260.9    266.1     97.9    95.0
+   Other West
+   Europe       62.2     66.2      8.7     8.7
+   E. Europe     3.1      3.1      nil     nil
+   Japan       445.8    484.1     72.3    70.1
+   Taiwan      377.9    390.4     41.6    39.5
+   Other Asia and
+   Oceania     741.7    783.4    244.5   241.1
+   Africa       16.7     13.4      nil     nil
+   Western
+   Hemisphere   99.6     69.5      3.2     2.7
+  
+
diff --git a/reuters/test/15872 b/reuters/test/15872
new file mode 100644
index 0000000000000000000000000000000000000000..84b3c877c203e449e8edafcf39edc0b13b36d870
--- /dev/null
+++ b/reuters/test/15872
@@ -0,0 +1,31 @@
+HOUSE PANEL WANTS PENTAGON MANAGE U.S. STOCKPILE
+  The House Armed Services Committee
+  has voted for a transfer in the management of stockpiled
+  materials for national defense to the U.S. Defense Secretary.
+      The committee also voted for legally-binding quantity and
+  quality requirements on the materials, mostly metals.
+      The measures are a part of the Defense Authorization Bill
+  which will be voted on in the House next month.
+      The purpose of the measures, passed by the committee
+  yesterday, is to improve stockpile management and discourage
+  sell-offs of materials that could jeopardize strategic needs, a
+  staff member of the committee told Reuters.
+      "They (the stockpiles) stand to gain the most by being
+  managed properly," said the staffer. "Management of the stockpile
+  over the last 10 years has been atrocious."
+      Responsibility for stockpile management now belongs to a
+  White House agency, the Federal Emergency Management Agency.
+      The staffer said that under the measures passed by the
+  committee the Secretary of Defense would have more influence
+  over decisions to keep or sell strategic stockpile materials.
+      The administration has proposed a goal of 700 million dlrs
+  worth of strategic materials to be held in the stockpile. The
+  stockpile now contains around 10 billion dlrs of materials.
+      He said several agencies currently helped FEMA to manage
+  the stockpile and decide how much to sell to help the deficit.
+      These agencies included the Office of Management and Budget
+  and the Departments of Interior and Commerce, he said.
+      The committee believed the shared involvement in stockpile
+  management was counter-productive, he said.
+  
+
diff --git a/reuters/test/15874 b/reuters/test/15874
new file mode 100644
index 0000000000000000000000000000000000000000..32aba2178511e703e66e8a2fdbd4f72c48f25987
--- /dev/null
+++ b/reuters/test/15874
@@ -0,0 +1,13 @@
+USDA ESTIMATES EUROPEAN COMMUNITY CROPS
+  The U.S. Agriculture Department
+  forecast the European Community's 1986/87 wheat crop at 71.60
+  mln tonnes, vs 71.50 mln tonnes last month. It estimated
+  1985/86 output at 71.70 mln tonnes, vs 71.71 mln last month.
+      E.C. 1986/87 coarse grain production is projected at 81.22
+  mln tonnes, vs 81.19 mln tonnes last month. The 1985/86 crop is
+  estimated at 88.21 mln tonnes, vs 88.28 mln last month.
+      E.C. wheat exports in 1986/87 are forecast at 28.22 mln
+  tonnes, vs 28.31 mln tonnes last month. Exports in 1985/86 are
+  estimated at 27.77 mln tonnes, vs 27.62 last month.
+  
+
diff --git a/reuters/test/15875 b/reuters/test/15875
new file mode 100644
index 0000000000000000000000000000000000000000..1c943846da8059b2b9bd97ce5b07d1e26cbb2432
--- /dev/null
+++ b/reuters/test/15875
@@ -0,0 +1,319 @@
+U.S. SUPPLY/DEMAND DETAILED BY USDA
+  The U.S. Agriculture Department made
+  the following supply/demand projections for the 1986/87
+  seasons, in mln bushels, with comparisons, unless noted --
+      CORN --     1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Acreage (mln acres) --
+       Planted   76.7    76.7     83.4    83.4
+     Harvested   69.2    69.2     75.2    75.2
+    Yield (bu)  119.3   119.3    118.0   118.0
+   Supply (mln bu) -- 
+   Start Stock  4,040   4,040    1,648   1,648
+    Production  8,253   8,253    8,877   8,877
+       Total-X 12,295  12,295   10,536  10,536
+    X-Includes imports.
+      CORN (cont.)
+                   1986/87           1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Usage: Feed  4,500    4,300     4,095    4,126
+         Other  1,180    1,150     1,160    1,129
+    Ttl Domest  5,680    5,450     5,255    5,255
+       Exports  1,375    1,250     1,241    1,241
+     Total Use  7,055    6,700     6,496    6,496
+    End Stocks  5,240    5,595     4,040    4,040
+   Farmer Reser 1,400    1,300       564      564
+    CCC Stocks  1,700    1,500       546      546
+   Free Stocks  2,140    2,795     2,930    2,930
+    AvgPrice  1.35-1.65  1.35-1.65  2.23     2.23
+    Note - Price in dlrs per bu. Corn season begins Sept 1.
+      ALL WHEAT -
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Acreage (mln acres) --
+       Planted   72.0    72.0     75.6    75.6
+     Harvested   60.7    60.7     64.7    64.7
+         Yield   34.4    34.4     37.5    37.5
+   Supply (mln bu) --
+   Start Stcks  1,905   1,905    1,425   1,425
+    Production  2,087   2,087    2,425   2,425
+         Total
+      Supply-X  4,007   4,007    3,865   3,865
+   X - Includes imports.
+      ALL WHEAT   1986/87            1985/86
+   (cont.)   04/09/87 03/09/87  04/09/87 03/09/87
+   Usage: Food    700    690       678    678
+          Seed     84     90        93     93
+          Feed    350    325       274    274
+    Ttl Domest  1,134  1,105     1,045  1,045
+       Exports  1,025  1,025       915    915
+     Total Use  2,159  2,130     1,960  1,960
+    End Stocks  1,848  1,877     1,905  1,905
+   Farmer Reser   475    450       433    433
+    CCC Stocks    950    950       602    602
+   Free Stocks    423    477       870    870
+    Avg Price  2.30-40  2.30-40   3.08   3.08
+   Note - Price in dlrs per bushel. Wheat season begins June 1.
+      SOYBEANS -
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Acreage (mln acres) --
+        Planted   61.5   61.5     63.1   61.1
+      Harvested   59.4   59.4     61.6   61.6
+     Yield (bu)   33.8   33.8     34.1   34.1
+   Supply (mln bu) --
+   Start Stocks    536    536      316    316
+     Production  2,007  2,007    2,099  2,099
+          Total  2,543  2,543    2,415  2,415
+      SOYBEANS (cont.)
+                 1986/87             1985/86
+            04/09/87 03/09/87   04/09/87 03/09/87
+        Usage --
+    Crushings  1,130   1,115      1,053   1,053
+      Exports    700     700        740     740
+   Seed, Feed and
+     Residual    103      93         86      86
+    Total Use  1,933   1,908      1,879   1,879
+   End Stocks    610     635        536     536
+   Avg Price 4.60-4.80 4.60-4.80   5.05    5.05
+   Note - Average price in dlrs per bushel. Soybean season begins
+  June 1.
+      FEEDGRAINS - X
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Acreage (mln acres) --
+        Planted  119.8   119.8     128.1   128.1
+      Harvested  102.0   102.0     111.8   111.8
+   Yld (tonnes)   2.48    2.48      2.45    2.45
+   Supply (mln tonnes) --
+   Start Stocks  126.4   126.4      57.5    57.5
+     Production  252.4   252.4     274.4   274.4
+        Imports    0.6     0.6       0.9     0.9
+          Total  379.4   379.4     332.7   332.7
+   X - Includes corn, sorghum, barley, oats.
+      FEEDGRAINS - X (cont.)
+                   1986/87          1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Usage: Feed  140.6   136.2     134.8   135.5
+         Other   35.8    35.0      35.0    34.3
+    Ttl Domest  176.4   171.2     169.8   169.8
+       Exports   43.9    40.8      36.6    36.6
+     Total Use  220.3   211.9     206.4   206.4
+    End Stocks  159.1   167.5     126.4   126.4
+   Farmer Reser  39.0    36.5      16.6    16.6
+    CCC Stocks   55.2    49.5      20.4    20.4
+   Free Stocks   64.8    81.5      89.3    89.3
+   X - Includes corn, sorghum, oats, barley. Seasons for oats,
+  barley began June 1, corn and sorghum Sept 1.
+      SOYBEAN OIL -
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Supply (mln lbs) --
+   Start Stcks     947     947       632     632
+    Production  12,263  12,103    11,617  11,617
+       Imports     Nil     Nil         8       8
+         Total  13,210  13,050    12,257  12,257
+   Note - 1985/86 production estimates based on October year
+  crush of 1,060 mln bushels.
+      SOYBEAN OIL (cont.) -
+                 1986/87             1985/86
+            04/09/87  03/09/87  04/09/87  03/09/87
+   Usage (mln lbs) --
+    Domestic  10,500    10,500    10,053   10,053
+     Exports   1,350     1,350     1,257    1,257
+       Total  11,850    11,850    11,310   11,310
+   End Stcks   1,360     1,200       947      947
+   AvgPrice  14.5-16.0  15.0-17.0  18.00    18.00
+   Note - Average price in cents per lb. Season for soybean oil
+  begins Oct 1.
+      SOYBEAN CAKE/MEAL, in thousand short tons --
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks     212     212       387     387
+    Production  26,558  26,203    24,951  24,951
+         Total  26,770  26,415    25,338  25,338
+   Note - 1985/86 production estimates based on October year
+  crush of 1,060 mln bushels.
+      SOY CAKE/MEAL (cont.) -
+                 1986/87            1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Usage (thous short tons) --
+    Domestic   20,000  19,750    19,090  19,118
+     Exports    6,500   6,350     6,036   6,008
+       Total   26,500  26,100    25,126  25,126
+   End Stcks      270     315       212     212
+    AvgPrice  145-150  145-150   154.90  154.90
+    Note - Price in dlrs per short ton. Season for soybean cake
+  and meal begins Oct 1.
+      COTTON --
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Area (mln acres) --
+        Planted  10.06   10.06     10.68   10.68
+      Harvested   8.49    8.49     10.23   10.23
+    Yield (lbs)    549     553       630     630
+   Supply (mln 480-lb bales) --
+   Start Stks-X   9.35    9.35      4.10    4.10
+     Production   9.70    9.79     13.43   13.43
+   Ttl Supply-Y  19.06   19.14     17.57   17.57
+    X - Based on Census Bureau data. Y - Includes imports.
+      COTTON (cont.) -
+                 1986/87           1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+     Usage --
+     Domestic   7.10    7.01     6.40    6.40
+      Exports   6.66    6.76     1.96    1.96
+        Total  13.76   13.77     8.36    8.36
+   End Stocks   5.40    5.49     9.35    9.35
+   Avge Price  51.7-X  51.7-X   56.50   56.50
+   X - 1986/87 price is weighted average for first five months of
+  marketing year, not a projection for 1986/87. Average price in
+  cents per lb. Cotton season begins August 1.
+      RICE
+                 1986/87            1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Acreage (mln acres) --
+       Planted   2.40    2.40      2.51    2.51
+     Harvested   2.38    2.38      2.49    2.49
+   Yield (lbs)  5,648   5,648     5,414   5,414
+   Supply (mln cwts) --
+   Start Stcks   77.3    77.3      64.7    64.7
+    Production  134.4   134.4     134.9   134.9
+       Imports    2.2     2.2       2.2     2.2
+         Total  213.9   213.9     201.8   201.8
+      RICE (cont.)
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Usage (mln cwts) --
+      Domestic   67.0    67.0      65.8    65.8
+       Exports   80.0    80.0      58.7    58.7
+       Total-Y  147.0   147.0     124.5   124.5
+    End Stocks   66.9    66.9      77.3    77.3
+    CCC Stocks   42.9    42.9      41.5    41.5
+   Free Stocks   24.0    24.0      35.8    35.8
+     AvgPrice 3.45-4.25 3.45-4.25  6.53    6.53
+   Note - Average price in dlrs per CWT. Y-Rough equivalent.
+  N.A.-Not Available, USDA revising price definition due to
+  marketing loan. Rice season begins August 1.
+      SORGHUM
+                 1986/87            1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+    Yield (bu)  67.7    67.7     66.8    66.8
+   Supply (mln bu) --
+   Start Stcks   551     551      300     300
+    Production   942     942    1,120   1,120
+         Total 1,493   1,493    1,420   1,420
+    Usage (mln bu) --
+          Feed   550     575      662     662
+         Other    30      30       29      29
+    Ttl Domest   580     605      691     691
+      SORGHUM (cont.) -
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+      Exports     225     225       178     178
+    Total Use     805     830       869     869
+   End Stocks     688     663       551     551
+   Avge Price  1.30-50  1.30-50    1.93    1.93
+   Note - Price in dlrs per bushel. Sorghum season begins Sept 1.
+      BARLEY
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+     Yield (bu)  50.8    50.8      51.0    51.0
+   Start Stocks   325     325       247     247
+     Production   610     610       591     591
+        Imports     5       5         9       9
+          Total   941     941       847     847
+      BARLEY (cont.)
+               1986/87            1985/86
+          04/09/87 03/15/87  04/09/87 03/15/87
+   Usage (mln bu) --
+         Feed  300    300       333    333
+        Other  175    175       167    167
+   Ttl Domest  475    475       500    500
+      Exports  150    150        22     22
+    Total Use  625    625       522    522
+   End Stocks  316    316       325    325
+    AvgPrice 1.45-65  1.45-65  1.98   1.98
+   Note - Average price in dlrs per bushel. Barley season begins
+  June 1.
+      OATS - in mln bushels
+                 1986/87            1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+    Yield (bu)  56.0   56.0      63.7   63.7
+   Start Stcks   184    184       180    180
+    Production   385    385       521    521
+       Imports    30     30        28     28
+         Total   598    598       729    729
+      OATS, in mln bushels (cont.)
+                1986/87             1985/86
+           04/09/87 03/09/87   04/09/87 03/09/87
+       Usage --
+        Feed   400     400       460     460
+       Other    85      85        83      83
+   Ttl Domes   485     485       543     543
+     Exports     2       2         2       2
+       Total   487     487       545     545
+   End Stcks   111     111       184     184
+   AvgPrice 1.00-20  1.00-20    1.23    1.23
+    Note - Average price in dlrs per bushel. Oats season begins
+  June 1.
+      LONG GRAIN RICE, in mln CWTs (100 lbs) --
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+     Harvested --
+   Acres (mln)   1.83    1.83     1.94    1.94
+   Yield (lbs)  5,358   5,358    5,168   5,168
+    Start Stks   49.3    49.3     37.7    37.7
+    Production   97.8    97.8    100.4   100.4
+    Ttl Supply  148.6   148.6    140.1   140.1
+   Note -- Starting Stocks does not include broken kernels --
+  Supply minus use does not equal ending stocks in breakdowns.
+  Total Supply includes imports but not broken kernels.
+      LONG GRAIN RICE, in mln CWTs (100 lbs), cont. --
+                   1986/87           1985/86
+              04/09/87 03/09/87 04/09/87 03/09/87
+   Domestic Use   43.0    43.0      48.8    48.8
+        Exports   65.0    60.0      42.0    42.0
+      Total Use  108.0   103.0      90.8    90.8
+   End Stocks-X   40.6    45.6      49.3    49.3
+      AvgPric 3.45-4.25 3.45-4.24   6.86    6.86
+   Note - Average price in dlrs per cwt. X-Broken kernels not
+  included -- supply minus use does not equal ending stocks in
+  breakdowns. Rice season begins August 1.
+      MEDIUM, SHORT GRAIN RICE - in mln CWTs (100 lbs) --
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+     Harvested --
+   Acres (mln)   0.55    0.55     0.55    0.55
+   Yield (lbs)  6,651   6,651    6,258   6,258
+    Start Stks   26.7    26.7     25.7    25.7
+    Production   36.6    36.6     34.5    34.5
+    Ttl Supply   65.3    65.3     61.7    61.7
+   Note -- Starting Stocks does not include broken kernels --
+  Supply minus use does not equal ending stocks in breakdowns.
+  Total Supply includes imports but not broken kernels.
+      MEDIUM, SHORT GRAIN RICE, in mln CWTs (100 lbs), cont. --
+                   1986/87          1985/86
+              04/09/87 03/09/87 04/09/87 03/09/87
+   Domestic Use   24.0    24.0      17.0    17.0
+        Exports   15.0    20.0      16.7    16.7
+      Total Use   39.0    44.0      33.7    33.7
+   End Stocks-X   24.5    19.5      26.7    26.7
+      AvgPric 3.45-4.25  3.45-4.25  5.91    5.91
+   Note - Average price in dlrs per CWT. X-Broken kernels not
+  included - supply minus use does not equal ending stocks in
+  breakdowns. Rice season begins August 1.
+      NOTES ON U.S. SUPPLY/DEMAND TABLES
+      -- N.A. - Not available.
+      -- Totals may not add due to rounding.
+      -- Figures for 1986/87 are midpoint of USDA range.
+      -- Feed usage for corn, wheat, soybean, feedgrains,
+  sorghum, barley, oats includes residual amount.
+      -- Residual amount included in rice and medium/short grain
+  rice domestic usage.
+      -- Rice, long grain, and medium/short grain rice average
+  price for 1985/86 estimates and 1986/87 projections are market
+  prices and exclude cash retained under the marketing loan since
+  April, 1986.
+  
+
diff --git a/reuters/test/15876 b/reuters/test/15876
new file mode 100644
index 0000000000000000000000000000000000000000..029aa2983d9bd1075a56b0b3842641afee7ecfa4
--- /dev/null
+++ b/reuters/test/15876
@@ -0,0 +1,8 @@
+USDA ESTIMATES USSR COTTON CROP
+  The U.S. Agriculture Department
+  forecast the Soviet 1986/87 cotton crop at 11.20 mln bales
+  (480-lbs net), vs 11.20 mln bales forecast last month.
+      The department also estimated the 1985/86 Soviet cotton
+  crop at 12.10 mln bales, vs 12.10 mln bales last month.
+  
+
diff --git a/reuters/test/15877 b/reuters/test/15877
new file mode 100644
index 0000000000000000000000000000000000000000..ec5a4f1022d36587bbedc2a6fac65824dbafeeb3
--- /dev/null
+++ b/reuters/test/15877
@@ -0,0 +1,10 @@
+USDA ESTIMATES SOUTH AFRICA CORN CROP, EXPORTS
+  The U.S. Agriculture Department
+  forecast South Africa's 1986/87 corn crop at 8.50 mln tonnes,
+  vs 9.50 mln tonnes last month. It estimated the 1985/86 crop at
+  8.08 mln, vs 8.08 mln last month.
+      USDA forecast South African 1986/87 corn exports at 2.10
+  mln tonnes, vs 3.00 mln tonnes last month, and 1985/86 exports
+  at 2.75 mln tonnes, vs 2.75 mln tonnes last month.
+  
+
diff --git a/reuters/test/15878 b/reuters/test/15878
new file mode 100644
index 0000000000000000000000000000000000000000..e5110d5a642a314ded220af4a99f91b21ac1cd80
--- /dev/null
+++ b/reuters/test/15878
@@ -0,0 +1,12 @@
+STOP AND SHOP COS <SHP> IN TWO-FOR-ONE SPLIT
+  The Stop and Shop Cos Inc said its board
+  voted a two-for-one stock split payable July One, to
+  stockholders of record May 29.
+      It also said it was raising its quarterly cash dividend 16
+  pct to 32 cts per share from 27.5 cts per share prior.
+      As a result of the split, the number of outstanding shares
+  will increase to 28 mln from 14 mln, the company said.
+      The dividend is payable July One to shareholders of record
+  May 29, it said.
+  
+
diff --git a/reuters/test/15879 b/reuters/test/15879
new file mode 100644
index 0000000000000000000000000000000000000000..5fbed95c9e9dfda21055143e0ff546291fd303a5
--- /dev/null
+++ b/reuters/test/15879
@@ -0,0 +1,8 @@
+NATIONAL BEVERAGE TO ACQUIRE FAYGO BEVERAGES
+  <National Beverage Corp>
+  said it agreed to acquire <Faygo Beverages Inc> for an
+  undisclosed amount of cash.
+      Faygo has revenues in excess of of 100 mln dlrs, National
+  Beverage said.
+  
+
diff --git a/reuters/test/15881 b/reuters/test/15881
new file mode 100644
index 0000000000000000000000000000000000000000..293b7962b8defb84a841c63608c22a2e16acf0e9
--- /dev/null
+++ b/reuters/test/15881
@@ -0,0 +1,13 @@
+AUDIO/VIDEO AFFILIATES <AVA> 4TH QTR JAN 31 NET
+  Shr 17 cts vs 28 cts
+      Net 2,668,000 vs 3,655,000
+      Revs 93.9 mln vs 83.8 mln
+      Avg shrs 15.7 mln vs 13.2 mln
+      12 mths
+      Shr 48 cts vs 58 cts
+      Net 7,510,000 vs 7,482,000
+      Revs 228.8 mln vs 181.9 mln
+      Avg shrs 15.7 mln vs 12.9 mln
+      NOTE: full name of company is audio/video affiliates Inc.
+  
+
diff --git a/reuters/test/15885 b/reuters/test/15885
new file mode 100644
index 0000000000000000000000000000000000000000..629425a96cb1e5150573304deef800ffcf471541
--- /dev/null
+++ b/reuters/test/15885
@@ -0,0 +1,8 @@
+FLUOROCARBON <FCBN> BUYS EATON <ETN> DIVISION
+  Fluorocarbon Co said it
+  signed a definitive agreement to acquire Eaton Corp's
+  Industrial Polymer division for an undisclosed price.
+      The polymer division, based in Aurora, Ohio, had 1986 sales
+  of 86 mln dlrs, Fluorocarbon also said.
+  
+
diff --git a/reuters/test/15886 b/reuters/test/15886
new file mode 100644
index 0000000000000000000000000000000000000000..0881534ca255736bfdf1b58bc3f952ca36902cc5
--- /dev/null
+++ b/reuters/test/15886
@@ -0,0 +1,7 @@
+FIRST UNION CORP <FUNC> 1ST QTR NET
+  Shr 71 cts vs 61 cts
+      Net 78.5 mln vs 64.6 mln
+      NOTE: Current qtr includes gain of seven cts/shr from sale
+  of securities. Year-ago restated.
+  
+
diff --git a/reuters/test/15888 b/reuters/test/15888
new file mode 100644
index 0000000000000000000000000000000000000000..527c521f13f6eb90bcc144a6b59234af3b497511
--- /dev/null
+++ b/reuters/test/15888
@@ -0,0 +1,13 @@
+FINANCIAL NEWS NETWORK INC <FNNI> 2ND QTR NET
+  Qtr ended February 28
+      Shr six cts vs three cts
+      Net 765,138 vs 311,388
+      Rev 8.3 mln vs 3.7 mln
+      Avg shares 12,272,265 vs 11,377,491
+      Six months
+      Shr 17 cts vs five cts
+      Net 2,073,057 vs 515,229
+      Rev 15.0 mln vs 7.4 mln
+      Avg shares 12,295,934 vs 11,200,000
+  
+
diff --git a/reuters/test/15889 b/reuters/test/15889
new file mode 100644
index 0000000000000000000000000000000000000000..07001fb59cad2f38853208040b7bb61af67c9e5f
--- /dev/null
+++ b/reuters/test/15889
@@ -0,0 +1,6 @@
+FIRST COLONIAL BANKSHARES CORP <FCOLA> 1ST QTR
+  Shr 41 cts vs 35 cts
+      Net 2,362,000 vs 1,613,000
+      Avg shrs 5,567,300 vs 4,070,700
+  
+
diff --git a/reuters/test/15890 b/reuters/test/15890
new file mode 100644
index 0000000000000000000000000000000000000000..48bc86ff353241beb62a28f9ed2f43bd7a65048f
--- /dev/null
+++ b/reuters/test/15890
@@ -0,0 +1,17 @@
+SEASONAL EXPORTS REPORTED BY U.S. EXPORTERS
+  Exports of the following commodities
+  between start of current seasons and April 2, with comparisons,
+  as reported to USDA by exporters, in thousand tonnes, unless
+  noted --
+                 4/2/87    Prev Wk   4/3/86
+   Wheat        21,044.6  20,398.3  19,725.8
+   Soybeans     14,334.2  14,063.5  14,698.4
+   Corn         20,296.0  19,194.6  25,182.6-x
+   Sorghum       3,222.5   3,149.7   3,168.9-x
+   Soybean Oil     138.4     135.8     179.9
+   Soybean Meal  4,098.0   3,880.6   3,141.3
+   Cotton        4,333.1   4,204.7   1,510.4
+   X-2,059,300 tonnes of corn and 763,800 tonnes of sorghum added
+  to reflect change in marketing year to Sept-Aug.
+  
+
diff --git a/reuters/test/15892 b/reuters/test/15892
new file mode 100644
index 0000000000000000000000000000000000000000..5d6d89b6c61a2d6f1a7b1201330c860b9330e1a0
--- /dev/null
+++ b/reuters/test/15892
@@ -0,0 +1,12 @@
+HAWAIIAN ELECTRIC <HE> TO BUY HAWAIIAN INSURANCE
+  Hawaiian Electric Industries said it
+  has entered a letter of intent to buy the Hawaiian Insurance
+  Companies.
+      The transaction is subject to a definitive agreement, and
+  government and board approvals.
+      The Hawaiian Insurance Companies ad assets at the end of
+  1986 of 137.4 mln dlrs and earned premiums of 46.1 mln dlrs.
+      Hawaiian Electric said it plans to operate the comapny,
+  which has 226 employees, with current management.
+  
+
diff --git a/reuters/test/15893 b/reuters/test/15893
new file mode 100644
index 0000000000000000000000000000000000000000..d8adaa3661eb8ad246bb7b77be00bbe63cfe7e17
--- /dev/null
+++ b/reuters/test/15893
@@ -0,0 +1,27 @@
+SOVIET UNION TO IMPORT MORE GRAIN IN 86/87-USDA
+  The U.S. Agriculture Department
+  increased its estimate of 1986/87 grain purchases by the Soviet
+  Union to 28 mln tonnes, up two mln tonnes from last month.
+      In its monthly report on the Soviet grain situation, the
+  USDA said imports will be higher than earlier estimated because
+  Soviet grain buyers have been actively purchasing in the last
+  month.
+      USDA said the increased purchasing is "somewhat surprising"
+  because of recent higher Soviet crop estimates.
+      All of the increase in estimated imports will be in corn,
+  USDA said.
+      Of the 28 mln tonnes total, 15 mln tonnes will be wheat, 12
+  mln tonnes coarse grains, and the remaining one mln tonnes
+  miscellaneous grains and pulses, USDA said.
+      USDA noted that the Soviet winter grain crop suffered
+  through a severe winter and spring field work has been delayed.
+      The severe winter "is believed to have resulted in above
+  average winter-kill," USDA said.
+      Some grain trade analysts have said abnormal winter losses
+  maybe one reason why the Soviet Union has been actively buying
+  grain recently.
+      USDA said Moscow already has purchased over 25 mln tonnes
+  grain for delivery in 1986/87, including 14 mln tonnes wheat
+  and 12 mln tonnes coarse grain.
+  
+
diff --git a/reuters/test/15894 b/reuters/test/15894
new file mode 100644
index 0000000000000000000000000000000000000000..6753bccc44cf78f3c4c278f5a6667fff1b7eca3c
--- /dev/null
+++ b/reuters/test/15894
@@ -0,0 +1,26 @@
+DISNEY FAMILY MAKES BID FOR HOLLY SUGAR <HLY>
+  The Roy Disney family disclosed in a
+  filing with the Securities and Exchange Commission that it made
+  a bid to acquire Holly Sugar Corp for a package of cash and
+  securities.
+      Shamrock Holdings of California Inc, a Disney family
+  company, said it submitted the bid on April 8 to Salomon
+  Brothers Inc, Holly Sugar's investment banker.
+      The offer was for 45 dlrs in cash, securities with a face
+  value of 70 dlrs, and a "contingent payment certificate" that
+  would pay out as much as 70 dlrs over a 20-year period for each
+  share of Holly Sugar outstanding.
+      The Disney family already holds 101,300 Holly Sugar shares
+  or 9.0 pct of the total outstanding following purchases of
+  12,500 shares March 13-April 17, Shamrock told the SEC.
+      Shamrock said it had asked for certain information about
+  Holly Sugar's financial condition but had been turned down. It
+  said its offer was therefore subject to further discussions.
+      "Once we have had an opportunity to complete our due
+  diligence evaluation of the company, including inspections of
+  certain facilities and meetings with key management personnel,
+  we would be prepared to negotiate all aspects of our proposal,
+  including price," it said in its April 8 letter.
+  REUTER^M
+  
+
diff --git a/reuters/test/15895 b/reuters/test/15895
new file mode 100644
index 0000000000000000000000000000000000000000..c2f896976b7e8769294a72b88e02c3f73d29f597
--- /dev/null
+++ b/reuters/test/15895
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 200,000 TONNES WHEAT  SOLD TO JORDAN FOR 1987/88 DELIVERY
+
+  U.S. EXPORTERS REPORT 200,000 TONNES WHEAT  SOLD TO JORDAN FOR 1987/88 DELIVERY
+  
+
diff --git a/reuters/test/15896 b/reuters/test/15896
new file mode 100644
index 0000000000000000000000000000000000000000..28a825d0719f1ff33e057c194b980ee7b5aa7ebe
--- /dev/null
+++ b/reuters/test/15896
@@ -0,0 +1,8 @@
+UNIVERSAL HEALTH REALTY <UHT> 1ST QTR NET
+  Shr 26 cts vs nil
+      Net 2,244,000 vs nil
+      Rev 3.4 mln vs nil
+      NOTE: Company's full name is Universal Health Realty Income
+  Trust. Quarter is company's first full quarter of earnings.
+  
+
diff --git a/reuters/test/15897 b/reuters/test/15897
new file mode 100644
index 0000000000000000000000000000000000000000..1bc8cba6d3db0f948bbb77dd5c6a2e88197cf962
--- /dev/null
+++ b/reuters/test/15897
@@ -0,0 +1,7 @@
+FROST AND SULLIVAN INC <FRSL> INCREASES PAYOUT
+  Semi-annual div seven cts vs six cts prior
+      Pay June One
+      Record May One
+  .
+  
+
diff --git a/reuters/test/15898 b/reuters/test/15898
new file mode 100644
index 0000000000000000000000000000000000000000..657812bc0e2e279c84759521b3de3cf945194d50
--- /dev/null
+++ b/reuters/test/15898
@@ -0,0 +1,8 @@
+C.O.M.B. <CMCO> MAKES ACQUISITION
+  C.O.M.B. Co said it acquired for 8.7
+  mln dlrs the principal assets of National Tech Industries Inc
+  and Telkon Corp.
+      The companies are engaged in servicing, sales and
+  telemarketing of consumer electronic merchandise.
+  
+
diff --git a/reuters/test/15899 b/reuters/test/15899
new file mode 100644
index 0000000000000000000000000000000000000000..c6ea31ea587ce7ee39721ec158044d6b12ce8664
--- /dev/null
+++ b/reuters/test/15899
@@ -0,0 +1,12 @@
+RAI RESEARCH CORP <RAC> 3RD QTR FEB 28
+  SHr one cts vs 14 cts
+      Net 17,806 vs 328,290
+      Revs 1.3 mln vs 2.2 mln
+      Nine months
+      Shr 27 cts vs 26 cts
+      Net 640,156 vs 622,251
+      Revs 5.6 mln vs 5.6 mln
+      NOTE:1986 net includes loss of 49,040 in nine months from
+  discontinued and gain of 15,598 dlrs in 3rd qtr.
+  
+
diff --git a/reuters/test/15900 b/reuters/test/15900
new file mode 100644
index 0000000000000000000000000000000000000000..ee6fc496a669a4d278224b6cb33052fb7fc76320
--- /dev/null
+++ b/reuters/test/15900
@@ -0,0 +1,11 @@
+CENTEL <CNT> COMPLETES ACQUISITION
+  Centel Corp said it completed the
+  acquisition of Welbac Cable Television Corp, which serves more
+  than 2,500 cable television subscribers in east central
+  Michigan.
+      Terms were not disclosed.
+      With the addition of Welbac customers, Centel Cable
+  Television Co of Michigan serves more than 83,000 customers.
+  Overall, Centel has nearly 495,000 customers in seven states.
+  
+
diff --git a/reuters/test/15901 b/reuters/test/15901
new file mode 100644
index 0000000000000000000000000000000000000000..663e61662f9006ba875841d2198f7b04f649c7b9
--- /dev/null
+++ b/reuters/test/15901
@@ -0,0 +1,6 @@
+JAMES RIVER CORP <JR> SETS REGULAR PAYOUT
+  Qtrly div 10 cts vs 10 cts prior
+      Pay April 30
+      Record April 21
+  
+
diff --git a/reuters/test/15902 b/reuters/test/15902
new file mode 100644
index 0000000000000000000000000000000000000000..0d498f211ba631c98f93a31e0ac62e379ea702dd
--- /dev/null
+++ b/reuters/test/15902
@@ -0,0 +1,7 @@
+THREE D DEPARTMENTS INC <TDD> SETS PAYOUT
+  Class A qtly div 2-1/2 cts vs 2-1/2 cts prior
+      Class B qtly div 1-1/2 cts vs 1-1/2 cts prior
+      Pay May 8
+      Record April 24
+  
+
diff --git a/reuters/test/15903 b/reuters/test/15903
new file mode 100644
index 0000000000000000000000000000000000000000..4049507d1f0ab143bfb1727e1150d8f14d950b88
--- /dev/null
+++ b/reuters/test/15903
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 300,000 TONNES  SOYBEAN MEAL TO IRAQ FOR SPLIT DELIVERY
+
+  U.S. EXPORTERS REPORT 300,000 TONNES  SOYBEAN MEAL TO IRAQ FOR SPLIT DELIVERY
+  
+
diff --git a/reuters/test/15904 b/reuters/test/15904
new file mode 100644
index 0000000000000000000000000000000000000000..dc4c1c6ac5b56eaabac51eb6772e7a4e4be32031
--- /dev/null
+++ b/reuters/test/15904
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 100,000 TONNES CORN  SOLD TO ALGERIA FOR 1986/87 DELIVERY
+
+  U.S. EXPORTERS REPORT 100,000 TONNES CORN  SOLD TO ALGERIA FOR 1986/87 DELIVERY
+  
+
diff --git a/reuters/test/15906 b/reuters/test/15906
new file mode 100644
index 0000000000000000000000000000000000000000..e5a6f1e94bb1a0754bffb9b02f87728d93837379
--- /dev/null
+++ b/reuters/test/15906
@@ -0,0 +1,109 @@
+WORLD SUPPLY/DEMAND ESTIMATES ISSUED BY USDA
+  The U.S. Agriculture Department made
+  the following 1986/87 projections in its world Supply/Demand
+  report, with comparisons, in mln tonnes, except where noted --
+      Total World Grain
+                 1986/87            1985/86
+           04/09/87  03/09/87  04/09/87  03/09/87
+   Produc  1,682.31  1,686.11  1,663.69  1,663.70
+   Total
+   Supply  2,025.71  2,028.45  1,919.18  1,920.13
+   Trade-X   212.15    211.89    204.42    203.92
+   Usage   1,635.01  1,630.40  1,575.78  1,577.79
+   End Stks  390.70    398.05    343.40    342.34
+   X-Based on export estimate.
+      All Wheat    1986/87           1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stks  137.05   136.48   125.54   125.87
+   Production  529.20   528.40   498.97   498.81
+   Imports      97.57    98.27    94.56    94.36
+   Feed Use    101.79   100.82    90.19    90.56
+   Total Domes 517.26   514.89   487.45   488.20
+   Exports     101.08   101.20    95.92    95.76
+   End Stocks  148.99   149.99   137.05   136.48
+    Note - World imports/exports may not balance due to differing
+  marketing years, grains in transit and reporting discrepancies.
+      Coarse Grain
+                  1986/87           1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks 181.64  181.10    107.80  108.40
+   Production  835.21  838.82    844.60  844.84
+   Imports      95.66   93.77     95.70   95.18
+   Feed Use    514.07  510.20    510.20  510.80
+   Total Domes 796.33  793.64    770.76  772.14
+   Exports      98.97   98.47     96.02   95.76
+   End Stocks  220.52  226.28    181.64  181.10
+    Note - World imports/exports may not balance due to differing
+  marketing years, grain in transit and reporting discrepancies.
+      Corn (Mln Tonnes)
+                  1986/87           1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks 123.08  123.11     61.09   61.75
+   Production  477.26  480.29    481.86  481.92
+   Imports      61.03   58.59     62.12   62.08
+   Feed Use    295.49  289.47    286.53  287.42
+   Ttl Domes   444.78  439.80    419.88  420.55
+   Exports      62.80   62.10     62.53   62.15
+   End Stocks  155.56  163.61    123.08  123.11
+    Note - World imports/exports may not balance due to differing
+  marketing years, grain in transit and reporting discrepancies.
+  
+      Soybeans
+                  1986/87           1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  23.03   22.84    17.59   17.58
+   Production   99.98   99.43    96.74   96.53
+   Imports      26.21   26.27    27.08   27.08
+   Crushings    79.69   79.33    76.16   76.15
+   Ttl Domes    97.53   96.40    92.36   92.34
+   Exports      26.45   26.43    26.02   26.01
+   End Stocks   25.23   25.71    23.03   22.84
+    Note - Imports and exports do not balance due to differing
+  marketing years and time lags between reported exports and
+  imports.
+      Soybean Meal
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stocks  2.55    2.47     2.79    2.74
+   Production   62.71   62.40    60.09   60.09
+   Imports      23.47   23.49    23.48   23.47
+   Consumption  62.69   62.49    61.06   61.10
+   Exports      23.51   23.39    22.76   22.74
+   End Stocks    2.52    2.47     2.55    2.47
+    Note - Imports and exports may not balance due to differing
+  marketing years and time lags between reported exports and
+  imports.
+      Soybean Oil
+                  1986/87          1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stocks  1.61   1.51       1.37   1.36
+   Production   14.20  14.13      13.65  13.66
+   Imports       3.31   3.29       3.08   3.05
+   Consumption  14.02  14.03      13.33  13.40
+   Exports       3.33   3.35       3.15   3.16
+   End Stocks    1.78   1.54       1.61   1.51
+     Note - Imports and exports do not balance due to differing
+  marketing years and time lags between reported exports and
+  imports.
+      Cotton (Mln Bales)
+                 1986/87          1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks 45.87   48.14    42.70   43.11
+   Production  69.53   69.66    78.94   78.92
+   Imports     23.07   23.07    21.49   21.45
+   Mill Use    80.72   77.08    76.84   74.79
+   Exports     23.37   23.50    20.25   20.28
+   End Stocks  34.16   39.99    45.87   48.14
+    Note - Imports and exports may not balance due to cotton in
+  transit and reporting discrepancies in some countries.
+      Rice (Milled Basis)
+                  1986/87          1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stocks 24.71   24.75     22.16   22.16
+   Production  317.90  318.90    320.12  320.05
+   Imports      10.56   10.63     11.68   11.70
+   Dom. Use    321.41  321.87    317.58  317.46
+   Exports      12.11   12.22     12.49   12.39
+   End Stocks   21.19   21.78     24.71   24.75
+  
+
diff --git a/reuters/test/15908 b/reuters/test/15908
new file mode 100644
index 0000000000000000000000000000000000000000..2eea14dd642d83ca2e9c76861b591a7358d29c6f
--- /dev/null
+++ b/reuters/test/15908
@@ -0,0 +1,9 @@
+ADAMS EXPRESS CO <ADX> MARCH 31 ASSETS
+  Shr 22.50 dlrs vs 21.74 dlrs
+      Assets 546.9 mln vs 485.2 mln
+      Shrs out 24.3 mln vs 22.3 mln
+      NOTE: lastest assets after capital gain distributions of 28
+  cts a share in February 1987 and 2.55 dlrs a share in December
+  1986
+  
+
diff --git a/reuters/test/15909 b/reuters/test/15909
new file mode 100644
index 0000000000000000000000000000000000000000..33b67609cdbcd48328a914e73fcd524b23fb53f7
--- /dev/null
+++ b/reuters/test/15909
@@ -0,0 +1,10 @@
+PETROLEUM AND RESOURCES CORP <PEO> MARCH 31
+  Shr 31.36 dlrs vs 25.23 dlrs
+      Assets 286.5 mln vs 253.0 mln
+      Shrs out 9,138,526 vs 8,839,695
+      NOTE: latest assets after capital gain distributions of 50
+  cts a share in February 1987 and 83 cts a share in December
+  1986, and with 29,955,000 stated value 1.676 dlr convertible
+  preferred stock outstanding.
+  
+
diff --git a/reuters/test/15910 b/reuters/test/15910
new file mode 100644
index 0000000000000000000000000000000000000000..7662b226a3b093df9c9da5557851e3524ff92b71
--- /dev/null
+++ b/reuters/test/15910
@@ -0,0 +1,61 @@
+CORN SUPPLY/DEMAND BY COUNTRY -- USDA
+  The U.S. Agriculture Department
+  detailed world supply/demand data for major importers and
+  exporters of corn, by country, as follows in mln tonnes --
+      USSR CORN
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stocks  N.A.    N.A.     N.A.    N.A.
+   Production   12.50   12.50    14.40   14.40
+   Imports       8.00    6.00    10.40   10.40
+   Domes Use    20.50   19.50    24.40   24.40
+   Exports        Nil     Nil      Nil     Nil
+   End Stocks    N.A.    N.A.     N.A.    N.A.
+   N.A. - Not Available.
+      SOUTH AFRICA CORN, in mln tonnes -- 
+                 1986/87          1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  1.20   1.20     1.87   1.87
+   Production   8.50   9.50     8.08   8.08
+   Imports       Nil    Nil     0.01   0.01
+   Domes Use    6.10   6.20     6.00   6.00
+   Exports      2.10   3.00     2.75   2.75
+   End Stocks   1.50   1.50     1.20   1.20
+      EC-12 CORN, in mln tonnes --
+                  1986/87           1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  5.17    5.28      2.89    2.89
+   Production  25.00   25.03     25.70   25.78
+   Imports     10.69   10.61     12.82   12.82
+   Domes Use   28.20   29.00     29.46   29.60
+   Exports      7.91    7.94      6.78    6.61
+   End Stocks   4.75    3.98      5.17    5.28
+      ARGENTINA CORN, in mln tonnes --
+                 1986/87           1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  0.52   0.39       0.39   0.39
+   Production  10.00  11.00      12.10  12.10
+   Imports       Nil    Nil        Nil    Nil
+   Domes Use    4.60   4.60       4.60   4.60
+   Exports      5.70   6.50       7.37   7.50
+   End Stocks   0.22   0.29       0.52   0.39
+      THAILAND CORN, in mln tonnes --
+                 1986/87           1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stocks 0.43   0.33      0.11   0.11
+   Production   4.10   4.10      5.35   5.15
+   Imports       Nil    Nil       Nil    Nil
+   Domestic Use 1.55   1.35      1.35   1.25
+   Exports      2.80   3.00      3.67   3.67
+   End Stocks   0.18   0.08      0.43   0.33
+      JAPAN CORN, in mln tonnes --
+                 1986/87           1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  1.24   1.24       1.06   1.06
+   Production    Nil    Nil        Nil    Nil
+   Imports     15.50  15.44      14.55  14.55
+   Domes Use   15.51  15.45      14.37  14.37
+   Exports       Nil    Nil        Nil    Nil
+   End Stocks   1.24   1.24       1.24   1.24
+  
+
diff --git a/reuters/test/15911 b/reuters/test/15911
new file mode 100644
index 0000000000000000000000000000000000000000..26dbb18699b86e1b909ff279c733e3b991b474a7
--- /dev/null
+++ b/reuters/test/15911
@@ -0,0 +1,17 @@
+USDA REPORTS EXPORT SALES ACTIVITY
+  The U.S. Agriculture Department said
+  private U.S. exporters reported sales of 200,000 tonnes of
+  wheat to Jordan, 300,000 tonnes of soybean meal to Iraq and
+  100,000 tonnes of corn to Algeria.
+      The wheat for Jordan includes 165,000 tonnes of hard red
+  winter and 35,000 tonnes of soft red winter and is for delivery
+  during the 1987/88 marketing year.
+      The soybean meal sales to Iraq includes 180,000 tonnes for
+  delivery during the 1986/87 season and 120,000 tonnes during
+  the 1987/88 season, the department said.
+      The 100,000 tonnes of corn sales to Algeria are for
+  delivery during the 1986/87 season, it said.
+      The marketing year for wheat begins June 1, corn September
+  1, and soybean meal October 1.
+  
+
diff --git a/reuters/test/15912 b/reuters/test/15912
new file mode 100644
index 0000000000000000000000000000000000000000..8f636c60db165b5577b16eac246c44a3d190e7ba
--- /dev/null
+++ b/reuters/test/15912
@@ -0,0 +1,17 @@
+INTERNATIONAL AMERICAN <HOME> TO ACQUIRE COS
+  International American Homes Inc
+  said it entered into a conditional contract to acquire the
+  <Maione-Hirschberg Cos Inc> and affiliated entitles for 19 mln
+  dlrs.
+      International American, whose stock was halted on Nasdaq
+  earlier, said the purchase price is payable 12 mln dlrs in cash
+  and the balance in its own common shares.
+      Selling shareholders may earn an additional amount up to a
+  maximum of eight mln dlrs payable in cash based on the future
+  performance of the companies acquired during the three years
+  ending March 31, 1990, International said.
+      The acquisition is subject to certain conditions, such as
+  satisfactory results of due diligence investigations, the
+  company said.
+  
+
diff --git a/reuters/test/15913 b/reuters/test/15913
new file mode 100644
index 0000000000000000000000000000000000000000..75a4129a048afadba638d7d107a6ea07f6b55a3e
--- /dev/null
+++ b/reuters/test/15913
@@ -0,0 +1,14 @@
+SONY CHAIRMAN FORECASTS LOWER PROFITS THIS YEAR
+  Sony Corp <SNE.T> chairman Akio
+  Morita said Sony's profits would be sharply down in 1987 as a
+  result of the dollar's decline.
+      Sony Corp posted net consolidated income of 41.89 billion
+  yen (290 million dollars) in 1986, 42.6 pct down on 1985's
+  73.02 billion yen (506 million dollars).
+      But Morita added that Japan would benefit from the strong
+  yen by saving on its energy import bill and he expected profits
+  to recover from 1988 onwards.
+      He was speaking to reporters at a sony factory opening
+  here.
+  
+
diff --git a/reuters/test/15914 b/reuters/test/15914
new file mode 100644
index 0000000000000000000000000000000000000000..413d68528e5cabccb6d232b223a342114d83f4f6
--- /dev/null
+++ b/reuters/test/15914
@@ -0,0 +1,71 @@
+COARSE GRAIN SUPPLY/DEMAND BY COUNTRY -- USDA
+  The U.S. Agriculture Department
+  detailed world supply/demand data for major importers and
+  exporters of coarse grains, by country, as follows in mln
+  tonnes --
+      USSR COARSE GRAIN
+                 1986/87           1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  N.A.    N.A.      N.A.    N.A.
+   Production 103.30  103.30     99.99   99.99
+   Imports     12.00   10.00     13.70   13.70
+   Domes Use  112.30  112.30    111.99  111.99
+   Exports       NIL     NIL       NIL     NIL
+   End Stocks   N.A.    N.A.      N.A.    N.A.
+   N.A. - Not Available.
+      EC-12 COARSE GRAIN, in mln tonnes --
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks 14.91   14.93    10.53   10.53
+   Production  81.22   81.19    88.21   88.28
+   Imports     16.58   17.26    18.29   18.24
+   Dom Use     79.64   81.27    82.38   82.55
+   Exports     19.90   19.96    19.73   19.56
+   End Stocks  13.18   12.15    14.91   14.93
+      EASTERN EUROPE COARSE GRAIN, mln tonnes --
+                 1986/87            1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  4.07    3.72     5.14    5.14
+   Production  73.95   74.50    68.28   68.38
+   Imports      4.90    4.47     5.58    5.26
+   Dom Use     73.04   73.23    72.65   72.77
+   Exports      3.55    3.55     2.28    2.28
+   End Stocks   6.34    5.46     4.07    3.72
+      JAPAN COARSE GRAIN, in mln tonnes --
+                1986/87           1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks 2.32    2.23     1.91    1.91
+   Production  0.35    0.35     0.39    0.39
+   Imports    21.56   21.50    21.51   21.51
+   Dom Use    21.79   21.73    21.49   21.49
+   Exports      NIL     NIL      NIL     NIL
+   End Stocks  2.44    2.44     2.32    2.32
+      ARGENTINA COARSE GRAIN, in mln tonnes --
+                 1986/87            1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  0.78    0.53     0.83    0.83
+   Production  13.99   15.44    17.06   17.14
+   Imports      0.02     NIL      NIL     NIL
+   Domes Use    7.73    7.75     7.76    7.87
+   Exports      6.60    7.73     9.43    9.58
+   End Stocks   0.46    0.49     0.78    0.53
+      CANADA COARSE GRAIN, in mln tonnes --
+                1986/87            1985/86
+           04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks 6.19    6.19     4.66    4.61
+   Production 27.62   27.62    24.95   24.95
+   Imports     0.30    0.30     0.31    0.31
+   Dom Use    19.80   19.80    18.99   18.96
+   Exports     7.41    7.21     4.74    4.72
+   End Stocks  6.90    7.10     6.19    6.19
+      THAILAND COARSE GRAINS, in mln tonnes --
+                 1986/87            1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  0.49    0.38     0.16   0.16
+   Production   4.40    4.40     5.67   5.47
+   Imports       NIL     NIL      NIL    NIL
+   Domes Use    1.57    1.37     1.40   1.30
+   Exports      3.10    3.30     3.94   3.95
+   End Stocks   0.22    0.11     0.49   0.38
+  
+
diff --git a/reuters/test/15916 b/reuters/test/15916
new file mode 100644
index 0000000000000000000000000000000000000000..fcb4d08b3593aff535f8ae3cd1fb325bba12b1ff
--- /dev/null
+++ b/reuters/test/15916
@@ -0,0 +1,15 @@
+EXPORT BONUS WHEAT FOR JORDAN --USDA
+  The Commodity Credit Corporation
+  (CCC) accepted eight bonus offers from two exporters on sales
+  of 190,000 tonnes of hard red winter and 35,000 tonnes of soft
+  red winter wheat to Jordan, the U.S. Agriculture Department
+  said.
+      The department said the bonuses awarded averaged 38.08 dlrs
+  per tonne and the wheat is for delivery May-November, 1987.
+      The bonus awards were made to Louis Dreyfus Corp (200,000 
+  tonnes), and Continental Grain Co (25,000 tonnes) and will be
+  paid in the form of commodities from CCC stocks.
+      The purchases of U.S. wheat completes the Export
+  Enhancement Program initiative announced on December 31, 1986.
+  
+
diff --git a/reuters/test/15917 b/reuters/test/15917
new file mode 100644
index 0000000000000000000000000000000000000000..ac13bb9f0a75c37efec43b46b0037d901f83b1fd
--- /dev/null
+++ b/reuters/test/15917
@@ -0,0 +1,22 @@
+ARGENTINE 1986/87 GRAIN OILSEED REGISTRATIONS
+  Argentine grain board preliminary
+  figures show 1986/87 crop export registrations of grains and
+  oilseeds in the week to April 8, were as follows, in tonnes,
+  compared with the previous week and the comparable week a year
+  earlier.
+      BREAD WHEAT         nil        nil       nil
+      MAIZE              113,500    21,800    51,300
+      SORGHUM             13,600      nil     26,500
+      SOYBEAN             30,000    36,000    72,000
+      SUNFLOWERSEED        nil        nil     19,100
+      Cumulative figures export registrations for the 1986/87
+  crop to April 8, 1987, with comparative figures for the 1985/86
+  crop up to April 9, 1986, in brackets, were in thousands of
+  tonnes.
+      BREAD WHEAT            2,692,4    (4,161.0)
+      MAIZE                  2,305.1    (5,200.0)
+      SORGHUM                  220.5      (625.7)
+      SOYBEAN                  561.3      (524.5)
+      SUNFLOWERSEED             45.7      (213.2)
+  
+
diff --git a/reuters/test/15918 b/reuters/test/15918
new file mode 100644
index 0000000000000000000000000000000000000000..b7312a0211dc90f08c3475dc17ee1daccb32621c
--- /dev/null
+++ b/reuters/test/15918
@@ -0,0 +1,10 @@
+WINN ENTERPRISES <WNN> UNIT SELLS DAIRY
+  Winn Enterprises' Knudsen Foods Inc
+  said it entered an agreement to sell its Hawaiian dairy
+  operations to Foremost Foods Inc for 13 mln dlrs cash.
+       The company said the purchase price is subject to
+  adjustment and the entire transaction is subject to approval by
+  the U.S. Bankruptcy Court for the Central District of
+  California.
+  
+
diff --git a/reuters/test/15920 b/reuters/test/15920
new file mode 100644
index 0000000000000000000000000000000000000000..10d03bb60025432309fc35e1ef05de095e025156
--- /dev/null
+++ b/reuters/test/15920
@@ -0,0 +1,12 @@
+NATIONAL BEVERAGE TO ACQUIRE FAYGO
+  <National Beverage Corp>
+  said it agreed to acquire privately held Faygo Beverages Inc
+  for an undisclosed amount of cash.
+      The company said Detroit-based Faygo, a soft drink maker,
+  has annual revenues of more than 100 mln dlrs.
+      National Beverage, which is also privately held, owns and
+  bottles Shasta Beverages, Spree All Natural Beverages and
+  private label brands in its 11 bottling facilities in the
+  United States.
+  
+
diff --git a/reuters/test/15921 b/reuters/test/15921
new file mode 100644
index 0000000000000000000000000000000000000000..b39ff7faa39f7b21421fd87658e3e7dd224bd817
--- /dev/null
+++ b/reuters/test/15921
@@ -0,0 +1,42 @@
+SOYBEAN SUPPLY/DEMAND BY COUNTRY -- USDA
+  The U.S. Agriculture Department
+  detailed world supply/demand data for major importers and
+  exporters of soybeans, by country, as follows in mln tonnes --
+      BRAZIL SOYBEANS
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stocks  4.19    4.01     4.71    4.71
+   Production   17.00   17.00    13.90   13.70
+   Imports       0.35    0.35     2.09    0.29
+   Domestic Use 14.54   14.54    13.51   13.49
+   Exports       2.50    2.50     1.20    1.20
+   End Stocks    4.50    4.32     4.19    4.01
+      ARGENTINA SOYBEANS, in mln tonnes --
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stocks  1.83    1.83     1.80    1.80
+   Production    7.70    7.70     7.30    7.30
+   Imports        NIL     NIL      NIL     NIL
+   Domestic Use  4.97    4.97     4.74    4.74
+   Exports       2.65    2.65     2.54    2.54
+   End Stocks    1.91    1.91     1.83    1.83
+      EC-12 SOYBEANS, in mln tonnes --
+                  1986/87           1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stocks  0.51   0.52       0.66   0.66
+   Production    0.83   0.83       0.33   0.33
+   Imports      12.89  12.85      12.99  12.96
+   Domestic Use 13.72  13.68      13.34  13.30
+   Exports       0.11   0.11       0.13   0.13
+   End Stocks    0.40   0.41       0.51   0.52
+      JAPAN SOYBEANS, in mln tonnes --
+                 1986/87            1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  0.76   0.76      0.79   0.79
+   Production   0.25   0.25      0.23   0.23
+   Imports      4.84   4.84      4.80   4.80
+   Domes Use    5.10   5.10      5.06   5.06
+   Exports       NIL    NIL       NIL    NIL
+   End Stocks   0.75   0.75      0.76   0.76
+  
+
diff --git a/reuters/test/15922 b/reuters/test/15922
new file mode 100644
index 0000000000000000000000000000000000000000..dce162820bac60a0b7d456e148d3c1c2b34f937c
--- /dev/null
+++ b/reuters/test/15922
@@ -0,0 +1,34 @@
+SOYBEAN MEAL SUPPLY/DEMAND BY COUNTRY -- USDA
+  The U.S. Agriculture Department
+  detailed world supply/demand data for major importers and
+  exporters of soybean meal, by country, as follows in mln tonnes
+  --
+      ARGENTINA SOYBEAN MEAL --
+                 1986/87           1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  0.13   0.13      0.19   0.19
+   Production   3.67   3.67      3.49   3.49
+   Imports       NIL    NIL       NIL    NIL
+   Domes Use    0.35   0.35      0.35   0.35
+   Exports      3.30   3.30      3.20   3.20
+   End Stocks   0.15   0.15      0.13   0.13
+      BRAZIL SOYBEAN MEAL, in mln tonnes --
+                 1986/87           1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  0.61   0.60      0.72   0.72
+   Production  10.40  10.39      9.69   9.66
+   Imports       NIL    NIL       NIL    NIL
+   Domes Use    2.55   2.55      2.41   2.40
+   Exports      7.85   7.85      7.38   7.38
+   End Stocks   0.61   0.59      0.61   0.60
+      EC-12 SOYBEAN MEAL, in mln tonnes --
+                  1986/87            1985/86
+             04/09/87 03/09/86  04/09/87 03/09/87
+   Start Stcks   0.40   0.40       0.44   0.44
+   Production   10.44  10.45      10.18  10.17
+   Imports      13.03  13.03      13.48  13.48
+   Domes Use    18.50  18.49      18.59  18.57
+   Exports       5.07   5.09       5.10   5.11
+   End Stocks    0.30   0.30       0.40   0.40
+  
+
diff --git a/reuters/test/15923 b/reuters/test/15923
new file mode 100644
index 0000000000000000000000000000000000000000..dd6466417253421f101926d7d147a962c49e9bd0
--- /dev/null
+++ b/reuters/test/15923
@@ -0,0 +1,42 @@
+SOYBEAN OIL SUPPLY/DEMAND BY COUNTRY -- USDA
+  The U.S. Agriculture Department
+  detailed world supply/demand data for major importers and
+  exporters of soybean oil, by country, in mln tonnes --
+      ARGENTINA --
+                 1986/87            1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  0.10   0.10      0.10   0.10
+   Production   0.77   0.77      0.73   0.73
+   Imports       NIL    NIL       NIL    NIL
+   Domes Use    0.10   0.10      0.11   0.11
+   Exports      0.66   0.66      0.63   0.63
+   End Stocks   0.10   0.10      0.10   0.10
+      BRAZIL SOYBEAN OIL, in mln tonnes --
+                 1986/87            1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  0.32   0.28      0.24   0.24
+   Production   2.52   2.51      2.35   2.35
+   Imports      0.15   0.15      0.12   0.12
+   Domes Use    2.00   2.00      1.94   1.98
+   Exports      0.65   0.65      0.45   0.45
+   End Stocks   0.34   0.28      0.32   0.28
+      EC-12 SOYBEAN OIL, in mln tonnes --
+                 1986/87            1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  0.22   0.22      0.23   0.22
+   Production   2.32   2.33      2.26   2.26
+   Imports      0.44   0.44      0.50   0.50
+   Domes Use    1.46   1.45      1.38   1.38
+   Exports      1.29   1.30      1.39   1.39
+   End Stocks   0.23   0.23      0.22   0.22
+      INDIA SOYBEAN OIL --
+                 1986/87            1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  0.12   0.07      0.21   0.21
+   Production   0.17   0.17      0.15   0.15
+   Imports      0.35   0.35      0.25   0.25
+   Domes Use    0.52   0.52      0.49   0.54
+   Exports       NIL    NIL       NIL    NIL
+   End Stocks   0.12   0.07      0.12   0.07
+  
+
diff --git a/reuters/test/15924 b/reuters/test/15924
new file mode 100644
index 0000000000000000000000000000000000000000..556c0d97cd91e943c4844892e983591e5771c970
--- /dev/null
+++ b/reuters/test/15924
@@ -0,0 +1,14 @@
+ROYAL DUTCH (RD) UNIT TO RAISE HEAVY FUEL PRICES
+  Scallop Petroleum Corp, a subsidiary of
+  Royal Dutch/Shell group, said it will raise contract prices for
+  heavy fuel 50 cts to one dlr a barrel, effective tomorrow.
+      The increase brings the price for 0.5 pct sulphur fuel to
+  21.50 dlrs, up 50 cts, 0.7 pct sulphur to 21 dlrs, up 75 cts,
+  0.7 pct sulphur to 21 dlrs, up 75 cts, one pct sulphur to 20.25
+  dlrs, up 75 cts, two pct sulphur to 19.75 dlrs, up one dlr, 2.2
+  pct sulphur to 19.50 dlrs, up one dlr, 2.8 pct sulphur 19 dlrs,
+  up one dlr, the company said.
+      Price for 0.3 pct sulphur was unchanged at 22.25 dlrs, it
+  said.
+  
+
diff --git a/reuters/test/15925 b/reuters/test/15925
new file mode 100644
index 0000000000000000000000000000000000000000..cc613934595351ab1e940e87c07f48b02860bca7
--- /dev/null
+++ b/reuters/test/15925
@@ -0,0 +1,45 @@
+COTTON SUPPLY/DEMAND BY COUNTRY -- USDA
+  The U.S. Agriculture Department
+  detailed world supply/demand data for major importers and
+  exporters of cotton, by country, as follows, in mln 480-lb
+  bales --
+      CHINA COTTON --
+                 1986/87           1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks 16.00  18.30      19.40  19.80
+   Production  16.30  16.30      19.00  19.00
+   Imports         X      X          X      X
+   Domes Use   21.00  17.50      19.50  17.50
+   Exports      2.30   2.50       2.90   2.90
+   End Stocks   9.05  14.55      16.00  18.30
+   X - Less than 5,000 bales
+      PAKISTAN COTTON, in mln 480 bales --
+                 1986/87           1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stocks 1.07   1.07      1.05   1.05
+   Production   6.10   6.10      5.67   5.67
+   Imports         X      X         X      X
+   Domestic Use 2.50   2.50      2.34   2.34
+   Exports      3.00   3.00      3.15   3.15
+   End Stocks   1.51   1.51      1.07   1.07
+   X - Less than 5,000 bales.
+      USSR COTTON, in mln 480-lbs bales --
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stocks  2.76   2.76       2.62   2.62
+   Production   11.20  11.20      12.10  12.10
+   Imports       1.00   1.00       0.65   0.65
+   Domestic Use  9.70   9.70       9.60   9.60
+   Exports       2.80   2.80       3.00   3.00
+   End Stocks    2.46   2.46       2.76   2.76
+      JAPAN COTTON, in mln 480-lbs bales --
+                  1986/87            1985/86
+             04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stocks  0.52   0.52      0.61   0.61
+   Production     NIL    NIL       NIL    NIL
+   Imports       3.10   3.10      3.05   3.05
+   Domestic Use  3.10   3.10      3.15   3.15
+   Exports        NIL    NIL       NIL    NIL
+   End Stocks    0.52   0.52      0.52   0.52
+  
+
diff --git a/reuters/test/15927 b/reuters/test/15927
new file mode 100644
index 0000000000000000000000000000000000000000..550ed08bdbfb8ddfcc5cd8e8ac6c54e8e827a1e4
--- /dev/null
+++ b/reuters/test/15927
@@ -0,0 +1,14 @@
+EXPORT BONUS WHEAT FLOUR TO IRAQ --USDA
+  The Commodity Credit Corporation
+  (CCC) accepted a bid for an export bonus to cover a sale of
+  12,500 tonnes of U.S. wheat flour to Iraq, the U.S. Agriculture
+  Department said.
+      The department said the bonus awarded was 105.82 dlrs per
+  tonne and the wheat flour is for shipment July 1-10, 1987.
+      The bonus was awarded to The Pillsbury Company and will be
+  paid in the form of commodities from CCC stocks.
+      An additional 150,000 tonnes of wheat flour is still
+  available to Iraq under the Export Enhancement Program
+  initiative announced January 7, 1987, the department said.
+  
+
diff --git a/reuters/test/15928 b/reuters/test/15928
new file mode 100644
index 0000000000000000000000000000000000000000..ac28ae2f12a4328e8e528c5737714747cb3c39f2
--- /dev/null
+++ b/reuters/test/15928
@@ -0,0 +1,14 @@
+RICE SUPPLY/DEMAND FOR THAILAND -- USDA
+  The U.S. Agriculture Department
+  detailed rice supply/demand milled-basis data for Thailand, the
+  world's major rice exporter, as follows in mln tonnes --       
+          1986/87            1985/86
+            04/09/87 03/09/87  04/09/87 03/09/87
+   Start Stcks  1.32   1.33       1.46   1.46
+   Production  11.88  12.14      13.00  13.00
+   Imports       NIL    NIL        NIL    NIL
+   Domes Use    8.73   8.73       8.80   8.80
+   Exports      3.70   3.70       4.34   4.34
+   End Stocks   0.77   1.04       1.32   1.33
+  
+
diff --git a/reuters/test/15929 b/reuters/test/15929
new file mode 100644
index 0000000000000000000000000000000000000000..fdd4ccb130923e1f3299cc58561b52f04fa7b0c7
--- /dev/null
+++ b/reuters/test/15929
@@ -0,0 +1,15 @@
+USDA FLORIDA ORANGE REPORT CONSIDERED BEARISH
+  The U.S. Agriculture Department's
+  latest estimates on 1986/87 Florida orange production and
+  orange juice yield are bearish for the frozen concentrated
+  orange juice futures market because the yield increase was
+  greater than expected, FCOJ traders and analysts said.
+      The USDA projected an average yield of 1.50 gallons of FCOJ
+  per box versus last month's estimate of 1.47 gallons.
+      The government estimated Florida orange production
+  (excluding Temples) at 122.9 mln boxes versus 124 mln last
+  month. Temples were unchanged at 3.4 mln boxes.
+      Traders and analysts said the unexpectedly large yield
+  increase outweighed the anticipated drop in box count.
+  
+
diff --git a/reuters/test/15930 b/reuters/test/15930
new file mode 100644
index 0000000000000000000000000000000000000000..7a7bc4f88b845a7a8da787eea21e03e3bf0d2346
--- /dev/null
+++ b/reuters/test/15930
@@ -0,0 +1,6 @@
+JAMES RIVER CORP <JR> SETS REGULAR DIVIDEND
+  Qtly div 10 cts vs 10 cts prior
+      Pay April 30
+      Record April 21
+  
+
diff --git a/reuters/test/15932 b/reuters/test/15932
new file mode 100644
index 0000000000000000000000000000000000000000..23de09412c7eb04d2fee72d3d214d12d7c6bae09
--- /dev/null
+++ b/reuters/test/15932
@@ -0,0 +1,26 @@
+NORANDA BEGINS SALVAGE OPERATIONS AT MURDOCHVILLE
+  <Noranda Inc> said it began salvage
+  operations at its Murdochville, Quebec, mine, where a fire last
+  week killed one miner and caused 10 mln dlrs in damage.
+       Another 56 miners were trapped underground for as long as
+  24 hours before they were brought to safety.
+      Noranda said the cause and full extent of the damage is
+  still unknown but said it does know that the fire destroyed
+  6,000 feet of conveyor belt.
+       Noranda said work crews have begun securing the ramp
+  leading into the zone where the fire was located. The company
+  said extreme heat from the fire caused severe rock degradation
+  along several ramps and drifts in the mine.
+       Noranda estimated that the securing operation for the zone
+  will not be completed before the end of April.
+      Noranda said the Quebec Health and Safety Commission, the
+  Quebec Provincial Police and Noranda itself are each conducting
+  an investigation into the fire.
+      Production at the mine has been suspended until the
+  investigations are complete. The copper mine and smelter
+  produced 72,000 tons of copper anodes in 1986 and employs 680
+  people.
+       The smelter continues to operate with available
+  concentrate from stockpiled supplies, Noranda said. Reuter
+  
+
diff --git a/reuters/test/15933 b/reuters/test/15933
new file mode 100644
index 0000000000000000000000000000000000000000..0652e9c95c13c7f4c1fd140efb3b4da2a62c07c5
--- /dev/null
+++ b/reuters/test/15933
@@ -0,0 +1,6 @@
+NEWHALL INVESTMENT PROPERTIES <NIP> PAYOUT
+  Shr 10 cts vs 10 cts prior qtr
+      Pay June one
+      Record April 24
+  
+
diff --git a/reuters/test/15934 b/reuters/test/15934
new file mode 100644
index 0000000000000000000000000000000000000000..989f30ca0299996ac82cff542faf144ce3f8c0d6
--- /dev/null
+++ b/reuters/test/15934
@@ -0,0 +1,6 @@
+NEWHALL RESOURCES <NR> QTLY DISTRIBUTION
+  Shr 15 cts vs 15 cts prior qtr
+      Pay June one
+      Record April 24
+  
+
diff --git a/reuters/test/15937 b/reuters/test/15937
new file mode 100644
index 0000000000000000000000000000000000000000..3fd037c739cce8aa7fc52dbbb6a3f4865e9efa07
--- /dev/null
+++ b/reuters/test/15937
@@ -0,0 +1,5 @@
+WESTINGHOUSE ELECTRIC CORP 1ST QTR SHR 1.05 DLRS VS 88 CTS
+
+  WESTINGHOUSE ELECTRIC CORP 1ST QTR SHR 1.05 DLRS VS 88 CTS
+  
+
diff --git a/reuters/test/15939 b/reuters/test/15939
new file mode 100644
index 0000000000000000000000000000000000000000..7aad5489eaf1992014c152c5f734740266a03f82
--- /dev/null
+++ b/reuters/test/15939
@@ -0,0 +1,39 @@
+U.S. OIL DEPENDENCY SEEN RISING TO RECORD LEVEL
+  The United States' dependency on
+  foreign oil sources may reach record levels by the mid-1990s,
+  according to John H. Lichtblau, president of Petroleum Industry
+  Research Associates.
+      Lichtblau, speaking at an alternative energy conference
+  here, said the U.S. may depend on foreign suppliers for as much
+  as 52 pct of its oil by 1995, surpasssing the previous high
+  level of 47 pct in 1977.
+      "The long term growth in dependency on foreign oil is
+  inevitable," Lichtblau said. As much as 30 pct of U.S. oil
+  imports in 1995 could come from OPEC nations, he said.
+      Lichtblau said the U.S. depended on foreign suppliers for
+  33 pct of its oil in 1986 and predicted that would increase to
+  40 pct by 1990.
+      "However, the rate of this growth can be affected
+  positively or negatively through government action or
+  inaction," Lichtblau said.
+      He said that one of the government's negative actions is
+  the maintenance of the windfall profits tax which acts as a
+  disincentive to developing existing fields and reduces cash
+  flow for oil exploration.
+      Lichtblau called for the adoption of an international floor
+  price for crude oil to help stabilize world oil prices.
+      "An international floor price adopted by all or most
+  industrial countries would clearly be a much more effective
+  measure and would be much less distortive for the U.S. than if
+  we imposed it alone," Lichtblau said.
+      Development of alternate energy sources such as synthetic
+  fuels as well as increased development in Alaska could lessen
+  U.S. dependency on foreign oil, Lichtblau said.
+      A potential for alternative supplies could limit the
+  willingness of OPEC nations to raise oil prices, he said.
+      Lichtblau also called for the federal government to offer
+  tax abatements for oil drilling, to fill the Strategic
+  Petroleum Reserve at a faster rate and to develop pilot plans
+  for alternative energy.
+  
+
diff --git a/reuters/test/15942 b/reuters/test/15942
new file mode 100644
index 0000000000000000000000000000000000000000..7f9797fc4987aa3eb0314d9fa96f8250d39e7f2b
--- /dev/null
+++ b/reuters/test/15942
@@ -0,0 +1,6 @@
+GRAIN SHIPS LOADING AT PORTLAND
+  There were six grain ships loading and
+  eight ships were waiting to load at Portland, according to the
+  Portland Merchants Exchange.
+  
+
diff --git a/reuters/test/15944 b/reuters/test/15944
new file mode 100644
index 0000000000000000000000000000000000000000..5b5cccbfb4d0646f089e9512d89475c1b7936e1c
--- /dev/null
+++ b/reuters/test/15944
@@ -0,0 +1,8 @@
+WESTINGHOUSE ELECTRIC CORP <WX> 1ST QTR NET
+  Shr primary 1.05 dlrs vs 88 cts
+      Shr dilulted 1.05 dlrs vs 86 cts
+      Net 151.6 mln vs 135.2 mln
+      Revs 2.32 billion vs 2.55 billion
+      Avg shrs 144.6 mln vs 154.5 mln
+  
+
diff --git a/reuters/test/15949 b/reuters/test/15949
new file mode 100644
index 0000000000000000000000000000000000000000..64fbc58bae5dcbcb9b606cf5360d941e3c959770
--- /dev/null
+++ b/reuters/test/15949
@@ -0,0 +1,15 @@
+CCC GUARANTEES TO IRAQ SWITCHED --USDA
+  The Commodity Credit Corporation
+  (CCC) has transferred 12.0 mln dlrs in credit guarantees
+  previously earmarked for sales of U.S. hatching eggs and 7.0
+  mln dlrs in guarantees for breeder livestock to increase
+  coverage on sales of U.S. protein concentrates to Iraq, the
+  U.S. Agriculture Department said.
+      The action was taken at the request of Iraq's State Trade
+  Organization for Grains and Foodstuffs and reduces the line for
+  hatching eggs to zero and the line for breeder livestock from
+  15.0 mln dlrs to 8.0 mln dlrs, the department said.
+      The guarantee line for sales of protein concentrates has
+  been increased from 25.0 mln dlrs to 44.0 mln dlrs, it said.
+  
+
diff --git a/reuters/test/15950 b/reuters/test/15950
new file mode 100644
index 0000000000000000000000000000000000000000..713f28fd4fabb8b90846fad340bb692165023cf0
--- /dev/null
+++ b/reuters/test/15950
@@ -0,0 +1,13 @@
+NEW YORK BUSINESS LOANS FALL 1.31 BILLION DLRS
+  Commercial and industrial loans on the
+  books of the 10 major New York banks, excluding acceptances,
+  fell 1.31 billion dlrs to 62.70 billion in the week ended April
+  1, the Federal Reserve Bank of New York said.
+      Including acceptances, loans dropped 1.34 billion dlrs to
+  63.23 billion.
+      Commercial paper outstanding nationally fell 4.80 billion
+  dlrs to 334.28 billion.
+      National business loan data are scheduled to be released on
+  Friday.
+  
+
diff --git a/reuters/test/15951 b/reuters/test/15951
new file mode 100644
index 0000000000000000000000000000000000000000..c717557949c6051c42fc6e9418e8aa47de242b31
--- /dev/null
+++ b/reuters/test/15951
@@ -0,0 +1,11 @@
+N.Y. BANK DISCOUNT BORROWINGS 169 MLN DLRS
+  The eight major New York City banks had
+  daily average borrowings of 169 mln dlrs from the Federal
+  Reserve in the week ended April 8, a Fed spokesman said.
+      A Fed spokesman said that all of the borrowings were made
+  yesterday by fewer than half the banks.
+      It was the second half of the two-week bank statement
+  period that ended on Wednesday. Average borrowings by these
+  banks were 142 mln dlrs in the first week of the period.
+  
+
diff --git a/reuters/test/15952 b/reuters/test/15952
new file mode 100644
index 0000000000000000000000000000000000000000..fab3c75c2eacce15ea4adf17f8eb68b0c61c827a
--- /dev/null
+++ b/reuters/test/15952
@@ -0,0 +1,26 @@
+NATIONAL AVERAGE PRICES FOR FARMER-OWNED RESERVE
+  The U.S. Agriculture Department
+  reported the farmer-owned reserve national five-day average
+  price through April 8 as follows (Dlrs/Bu-Sorghum Cwt) -
+           Natl   Loan           Release   Call
+           Avge   Rate-X  Level    Price  Price
+   Wheat   2.62   2.40       IV     4.65     --
+                              V     4.65     --
+                             VI     4.45     --
+   Corn    1.38   1.92       IV     3.15   3.15
+                              V     3.25     --
+   X - 1986 Rates.
+            Natl   Loan          Release   Call
+            Avge   Rate-X  Level   Price  Price
+   Oats     1.58   0.99        V    1.65    -- 
+   Barley   1.55   1.56       IV    2.55   2.55
+                               V    2.65    -- 
+   Sorghum  2.54   3.25-Y     IV    5.36   5.36
+                               V    5.54    -- 
+      Reserves I, II and III have matured. Level IV reflects
+  grain entered after Oct 6, 1981 for feedgrain and after July
+  23, 1981 for wheat. Level V wheat/barley after 5/14/82,
+  corn/sorghum after 7/1/82. Level VI covers wheat entered after
+  January 19, 1984.  X-1986 rates. Y-dlrs per CWT (100 lbs).
+  
+
diff --git a/reuters/test/15953 b/reuters/test/15953
new file mode 100644
index 0000000000000000000000000000000000000000..c5459098f442b4ea66f919ed95757e2bcf94a124
--- /dev/null
+++ b/reuters/test/15953
@@ -0,0 +1,28 @@
+U.S. WEEKLY SOYBEAN CRUSH 19,416,000 BUSHELS
+  Reporting members of the National
+  Soybean Processors Association (NSPA) crushed 19,416,000
+  bushels of soybeans in the week ended April 8 compared with
+  20,115,000 bushels in the previous week and 17,160,000 in the
+  year-ago week, the association said.
+      It said total crushing capacity for members was 25,873,904
+  bushels vs 25,873,904 last week and 25,459,238 bushels last
+  year.
+      NSPA also said U.S. soybean meal exports in the week were
+  70,351 tonnes vs 135,452 tonnes a week ago and compared with
+  76,065 tonnes in the year-ago week.
+      NSPA said the figures include only NSPA member firms.
+      NSPA gave the following breakdown of the soybean crush for
+  the week, with comparisons, in 1,000 bu:
+                      4/08/87   4/01/87  YEAR-AGO
+             Illinois   2,576    3,479        X
+        Ind, Ky, Ohio   3,586    3,376    6,053-Y
+           South East   3,871    3,791    3,058
+        South Central   1,631    1,934    1,563
+           South West   2,426    2,334    2,183
+                 Iowa   3,450    3,550    2,815
+     Minn, N.D., S.D.   1,875    1,651    1,488
+           Total U.S.  19,416   20,115   17,160
+   X-Ill not reported exclusive of Ind, Ky and Ohio in year-ago
+  period. Y-Includes Ill.
+  
+
diff --git a/reuters/test/15956 b/reuters/test/15956
new file mode 100644
index 0000000000000000000000000000000000000000..dcbd26e72e22574d56b2ff70c9f7c19b09faf681
--- /dev/null
+++ b/reuters/test/15956
@@ -0,0 +1,24 @@
+FUNDAMENTAL BROKERS BUYS PART OF MKI BROKERS
+  Fundamental Brokers Institutional
+  Associates, a leading inter-dealer broker in U.S. government
+  securities, said it has agreed to acquire certain assets of MKI
+  Government Brokers Inc for undisclosed terms.
+      Acquisition documents have been signed and are being held
+  in escrow pending the receipt of certain consents, it said.
+      In conjunction with the sale of assets, MKI has ceased
+  brokering treasury bills, notes and bonds, Fundamental said.
+      Industry sources told Reuters yesterday that Fundamental
+  was close to acquiring the government securities brokerage
+  division of MKI, a major broker of corporate bonds.
+      Fundamental said it intends to use the facilities formerly
+  used by MKI to provide a new block brokering service in the
+  most active Treasury issues.
+      By separating the execution of wholesale trades from the
+  heavy volume of smaller lots, large-scale transactions will be
+  facilitated, the company said.
+      "The new system is expected to substantially enhance the
+  liquidity and effiency of markets," Fundamental said.
+      The wholesale brokering service will begin on or around
+  April 20.
+  
+
diff --git a/reuters/test/15959 b/reuters/test/15959
new file mode 100644
index 0000000000000000000000000000000000000000..67bd9059e74ff1484bc6bc4a3b791f1d69836c58
--- /dev/null
+++ b/reuters/test/15959
@@ -0,0 +1,6 @@
+NEWHALL INVESTMENT <NIP> SETS SPECIAL PAYOUT
+  Newhall Investment Properties
+  said it declared a special distribution of 50 cts per share,
+  payable June one, to unitholders of record April 24.
+  
+
diff --git a/reuters/test/15960 b/reuters/test/15960
new file mode 100644
index 0000000000000000000000000000000000000000..397093165e4c5830e14c179c5803dce852d858d3
--- /dev/null
+++ b/reuters/test/15960
@@ -0,0 +1,17 @@
+FCOJ MOVEMENT 4,496,533 GALLONS LAST WEEK
+  Florida Citrus Processors
+  Association said frozen concentrated orange juice movement into
+  trade channels in the week ended April 4 totalled 4,496,533
+  gallons versus 5,058,976 gallons in the week ended March 28 and
+  4,141,578 gallons in the corresponding year-ago period.
+      There were 499,967 gallons of foreign imports last week
+  versus 341,280 gallons the week before. Domestic imports last
+  week were 24,774. Retail movement was 1,741,139 versus
+  1,464,490 a year ago. Bulk movement was 2,328,368 against
+  2,139,383 a year earlier.
+      Current season cumulative movement was 79,516,753 gallons
+  versus 76,919,119 last year. Cumulative net pack for the season
+  was 86,254,846 versus 82,355,864 a year ago. Inventory was
+  75,212,711 versus 75,985,696 a year ago.
+  
+
diff --git a/reuters/test/15961 b/reuters/test/15961
new file mode 100644
index 0000000000000000000000000000000000000000..7c835ff6176049cf46d6782897f1fe42cb9c0c37
--- /dev/null
+++ b/reuters/test/15961
@@ -0,0 +1,15 @@
+NATIONAL HERITAGE <NHER> BUYS MANAGEMENT FIRM
+  National Heritage Inc said it acquired
+  the assets of Chartham Management Corp of Salem, Ore.
+      Terms were not disclosed.
+      The assets acquired will be used to form a new divisional
+  office serving the northwest, the nursing home operator said.
+      The newly acquired Salem operation has management
+  responsibility for about 2,500 beds in 28 nursing homes in
+  seven states.
+      Southmark Corp <SM>, which owns 80 pct of National
+  Heritage, recently agreed to acquire the 28 facilities.
+  National is the manager of nursing home properties owned by
+  Southmark.
+  
+
diff --git a/reuters/test/15963 b/reuters/test/15963
new file mode 100644
index 0000000000000000000000000000000000000000..2101d57288ca4a3b1a0f367624daf5dc6b6b66a7
--- /dev/null
+++ b/reuters/test/15963
@@ -0,0 +1,10 @@
+OHIO MATTRESS <OMT> BUYS SEALY OF MICHIGAN
+  Ohio Mattress Co said that its
+  Ohio-Sealy Mattress Manufacturing Co unit completed its
+  previously announced acquisition of Sealy Mattress Co of
+  Michigan Inc.
+      In addition, the company said Sealy Inc, of which its owns
+  82 pct, redeemed the outstanding Sealy stock held by Michigan
+  Sealy, thus increasing the company's stake in Sealy to 93 pct.
+  
+
diff --git a/reuters/test/15964 b/reuters/test/15964
new file mode 100644
index 0000000000000000000000000000000000000000..bf167d7bb1f77cc514681369c37aa117891c3a81
--- /dev/null
+++ b/reuters/test/15964
@@ -0,0 +1,20 @@
+LA LAND <LLX>,DU PONT <DD>GET EXPLORATION TRACTS
+  Louisiana Land and Exploration Co
+  said it, Du Pont Co's Conoco Inc subsidiary and <Oranje-Nassau
+  Energie B.V.> have been offered four exploration blocks
+  offshore The Netherlands.
+      Louisiana Land said Blocks Q4a, E12c and E15b were offered
+  to the group in which Conoco has a 67.5 pct interest, Louisiana
+  Land 20 pct and Orange-Nassau 12.5 pct, while this group along
+  with a consortium headed by Pennzoil Co <PZL> were offered
+  Block Q5c. The offers were the result of applications submitted
+  to the Ministry of Economic Affairs for the Netherlands Sixth
+  Offshore Licensing Round.
+      Louisiana Land said the Conoco group intends to provide a
+  formal acceptance of the blocks with plans to start exploration
+  this year.
+      The company also said the two Q blocks immediately offset
+  other offshore blocks on which hydrocarbons have been found in
+  commercial quantities.
+  
+
diff --git a/reuters/test/15967 b/reuters/test/15967
new file mode 100644
index 0000000000000000000000000000000000000000..15822e6e9629f97eca8a2f85769a9cde5a790863
--- /dev/null
+++ b/reuters/test/15967
@@ -0,0 +1,22 @@
+PATIENT <PTI> CONSIDERING DEBT RESTRUCTURING
+  Patient Technology Inc said it
+  retained an investment banking firm to consider alternatives in
+  restructuring its long-term debt, including a possible exchange
+  offer for 20 mln dlrs of outstanding convertible debentures.
+      On April one, it began consolidating sales, marketing and
+  manufacturing operations. The consolidation is expected to be
+  complete by June one and the company said it is now focusing on
+  restructuring its balance sheet. 
+       The company said the first quarter will be adversely
+  affected by the consolidation effort.
+      For the year ago first quarter, the company reported a
+  profit of 100,000 dlrs on 7.3 mln dlrs.
+      The company further said that the second quarter will be 
+  transitional period and that earnings growth will resume in the
+  second half of 1987.
+      For the year ended December 31, 1986, Patient reported a
+  net loss of 1.4 mln dlrs on sales of 29.8 mln dlrs, due to
+  write-offs from discontinued operations and a temporary backlog
+  of orders.
+  
+
diff --git a/reuters/test/15968 b/reuters/test/15968
new file mode 100644
index 0000000000000000000000000000000000000000..c218119acfb67efc52cc51603dcfbda9d8ac0214
--- /dev/null
+++ b/reuters/test/15968
@@ -0,0 +1,9 @@
+NAPCO <NPCO> MANAGEMENT CANNOT RAISE FUNDING
+  Napco International Inc said it
+  has suspended its plan to sell its international business to a
+  group of that business' top managers because the group has
+  failed to obtain satisfactory financing.
+      The company also said it still intends to pursue a new
+  corporate direction, and is exploring acquisition alternatives.
+  
+
diff --git a/reuters/test/15969 b/reuters/test/15969
new file mode 100644
index 0000000000000000000000000000000000000000..6343065aceb03d30c0e720741a5c93aa21978bcc
--- /dev/null
+++ b/reuters/test/15969
@@ -0,0 +1,9 @@
+BANKS OF MID-AMERICA INC <BOMA> 1ST QTR NET
+  Shr loss 18 cts vs loss 89 cts
+      Net profit 161,000 vs loss 5,938,000
+      Assets 3.43 billion vs 3.46 billion
+      Deposits 2.68 billion vs 2.67 billion
+      Loans 1.45 billion vs 1.64 billion
+      Note: Shr data after payment of preferred dividends.
+  
+
diff --git a/reuters/test/15970 b/reuters/test/15970
new file mode 100644
index 0000000000000000000000000000000000000000..ed03e13c7f12623851f73a47bd46213743bd67b2
--- /dev/null
+++ b/reuters/test/15970
@@ -0,0 +1,11 @@
+MCDONNELL DOUGLAS <MD> BUYS COMPUTER FIRM
+  McDonnell Douglas Corp said it
+  acquired Frampton Computer Services Ltd, a British software
+  company that is also known as Isis.
+      Terms of the acquisition were not disclosed.
+      Based in Bristol, England, Isis employs 65 workers and has
+  annual revenues of about five mln dlrs, McDonnell Douglas said.
+      The company added that Isis will operate as part of
+  McDonnell Douglas Information Systems International.
+  
+
diff --git a/reuters/test/15973 b/reuters/test/15973
new file mode 100644
index 0000000000000000000000000000000000000000..1e80e09618e67b970ae6a3beb3c4bbfced3250c4
--- /dev/null
+++ b/reuters/test/15973
@@ -0,0 +1,26 @@
+WORLD MARKET PRICE FOR UPLAND COTTON - USDA
+  The U.S. Agriculture Department
+  announced the prevailing world market price, adjusted to U.S.
+  quality and location, for Strict Low Middling, 1-1/16 inch
+  upland cotton at 50.57 cts per lb, to be in effect through
+  midnight April 16.
+      The adjusted world price is at average U.S. producing
+  locations (near Lubbock, Texas) and will be further adjusted
+  for other qualities and locations. The price will be used in
+  determining First Handler Cotton Certificate payment rates.
+      The department said since the adjusted world price is above
+  the loan repayment rate of 44 cts per lb for the base quality,
+  no First Handler Cotton Certificates will be issued during the
+  period.
+      Based on data for the week ended April 9, the adjusted
+  world price for upland cotton is determined as follows, in cts
+  per lb --
+          Northern European Price -- 62.88
+                   Adjustments --
+   Average U.S. Spot Mkt Location --  9.98
+           SLM 1-1/16 Inch Cotton --  1.80
+            Average U.S. Location --  0.53
+               Sum of Adjustments -- 12.32
+             Adjusted World Price -- 50.63
+  
+
diff --git a/reuters/test/15975 b/reuters/test/15975
new file mode 100644
index 0000000000000000000000000000000000000000..de0804ef05bce8449c270fd748a43c46a0cb05b9
--- /dev/null
+++ b/reuters/test/15975
@@ -0,0 +1,43 @@
+USDA COMMENTS ON EXPORT SALES REPORT 
+  U.S. corn sales of just over 1.0 mln
+  tonnes in the week ended April 2 were eight pct above the prior
+  week, but 25 pct below the four-week average, the U.S.
+  Agriculture Department said.
+      In comments on its latest Export Sales Report, the
+  department said Iraq, Japan and the USSR were the largest
+  buyers.
+      Sales for the next marketing year, which begins September
+  1, totaled 503,200 tonnes and were mainly to Iraq and Taiwan.
+      Wheat sales of 119,300 tonnes for the current season and
+  net reductions of 13,700 tonnes for the 1987/88 season were
+  four-fifths below the combined total for the prior week and the
+  four-week average, it said.
+      Sri Lanka was the most active wheat destination with
+  purchases of 52,500 tonnes for the current year, it said.
+      Other significant purchasers for the current year were
+  Mexico and Honduras, it said.
+      Soybean sales of 240,500 tonnes were one-fifth below the
+  prior week and nearly one-third below the four-week average.
+      Japan, Mexico, South Korea, Italy and Israel were the major
+  purchasers, the department said.
+      Net sales of 117,700 tonnes of soybean cake and meal fell
+  31 pct from the previous week and 38 pct below the four-week
+  average. Major increases for West Germany, Venezuela, the
+  Netherlands and Saudi Arabia were partially offset by
+  reductions for unknown destinations, USDA said.
+      Activity in soybean oil resulted in decreases of 2,400
+  tonnes, with sales to unknown destinations down by 2,700
+  tonnes, while sales to Canada increased 200 tonnes, the
+  Department said.
+      Combined sales of 71,300 running bales of cotton -- 60,200
+  bales for the current season and 11,100 bales for 1987/88
+  season -- were four-fifths higher than the prior week's level
+  but nine pct below the four-week average.
+      Mexico was the dominant buyer for the current year followed
+  by Zaire, Italy, and Spain, the department said.
+  The primary buyers for the 1987/88 season were South Korea,
+  Spain, Japan and Taiwan, the department said.
+      Sorghum sales of 143,300 tonnes were 25 pct less than the
+  prior week, with Japan and Venezuela the main buyers. 
+  
+
diff --git a/reuters/test/15976 b/reuters/test/15976
new file mode 100644
index 0000000000000000000000000000000000000000..f64671bb558e95a5864ae4238a02e49a3341e80f
--- /dev/null
+++ b/reuters/test/15976
@@ -0,0 +1,5 @@
+U.S. M-1 MONEY SUPPLY FALLS TWO BILLION DLRS IN MARCH 30 WEEK, FED SAYS
+
+  U.S. M-1 MONEY SUPPLY FALLS TWO BILLION DLRS IN MARCH 30 WEEK, FED SAYS
+  
+
diff --git a/reuters/test/15977 b/reuters/test/15977
new file mode 100644
index 0000000000000000000000000000000000000000..cbc0217e80d8dc6dea018e340e5066b344d5feac
--- /dev/null
+++ b/reuters/test/15977
@@ -0,0 +1,5 @@
+FED SAYS U.S. DISCOUNT WINDOW BORROWINGS 361 MLN DLRS IN APRIL 8 WEEK
+
+  FED SAYS U.S. DISCOUNT WINDOW BORROWINGS 361 MLN DLRS IN APRIL 8 WEEK
+  
+
diff --git a/reuters/test/15978 b/reuters/test/15978
new file mode 100644
index 0000000000000000000000000000000000000000..711ff32fac915aab34bb25cdddbf880b608d7a48
--- /dev/null
+++ b/reuters/test/15978
@@ -0,0 +1,5 @@
+U.S. BANK NET FREE RESERVES 447 MLN DLRS IN TWO WEEKS TO APRIL 8
+
+  U.S. BANK NET FREE RESERVES 447 MLN DLRS IN TWO WEEKS TO APRIL 8
+  
+
diff --git a/reuters/test/15979 b/reuters/test/15979
new file mode 100644
index 0000000000000000000000000000000000000000..fbf6c22a8da5b959ae0d3553ba3c49713d271c7f
--- /dev/null
+++ b/reuters/test/15979
@@ -0,0 +1,17 @@
+WESTINGHOUSE ELECTRIC <WX> OPTIMISTIC FOR YEAR
+  Westinghouse Electric Corp chairman
+  Douglas Danforth said he was encouraged by first quarter
+  results for fiscal 1987, and said the company was positioned to
+  capitalize on the economy's modest growth for the rest of the
+  year.
+      "I am encouraged by the continuing improvement in
+  earnings," Danworth said. "The first quarter met our
+  expectations."
+      Westinghouse recorded net income for the first quarter of
+  151.6 mln dlrs, or 1.05 dlrs per share, on revenues of 2.32
+  billion dlrs.
+      Danworth attributed the results to an increase in the
+  operating profit in the energy and advanced technology,
+  industries and commerical segments.
+  
+
diff --git a/reuters/test/15980 b/reuters/test/15980
new file mode 100644
index 0000000000000000000000000000000000000000..21dfca1b1d34e328d74a7b2e5c98baa8d929bfa6
--- /dev/null
+++ b/reuters/test/15980
@@ -0,0 +1,8 @@
+BSD BANCORP <BSD> 1ST QTR NET
+  Shr seven cts vs five cts
+      Net 240,000 vs 136,000
+      Loans 264.5 mln vs 251.7 mln
+      Deposits 319.7 mln vs 306.8 mln
+      Assets 348.6 mln vs 334.6 mln
+  
+
diff --git a/reuters/test/15981 b/reuters/test/15981
new file mode 100644
index 0000000000000000000000000000000000000000..95c94788f5c57fa21d79d69bc15989a22a5216da
--- /dev/null
+++ b/reuters/test/15981
@@ -0,0 +1,6 @@
+GATEWAY COMMUNICATIONS INC <GWAY> 1ST QTR NET
+  Shr 14 cts vs six cts
+      Net 653,561 vs 251,955
+      Revs 4,143,056 vs 2,199,238
+  
+
diff --git a/reuters/test/15984 b/reuters/test/15984
new file mode 100644
index 0000000000000000000000000000000000000000..71f89b890ca86fe6b3dba0937d036e23707b1a16
--- /dev/null
+++ b/reuters/test/15984
@@ -0,0 +1,6 @@
+BAKER COMMUNICATIONS INC <BAKR> YEAR LOSS
+  Shr loss 42 cts vs loss 56 cts
+      Net loss 596,354 vs loss 795,009
+      Revs 3,818,258 vs 2,070,772
+  
+
diff --git a/reuters/test/15985 b/reuters/test/15985
new file mode 100644
index 0000000000000000000000000000000000000000..f45223feb297cd1d17f3398baf9a4d3432722aaa
--- /dev/null
+++ b/reuters/test/15985
@@ -0,0 +1,13 @@
+EASTOVER CORP <EASTS> 4TH QTR NET
+  Shr 39 cts vs 28 cts
+      Net 491,000 vs 356,000
+      Revs 890,000 vs 720,000
+      Year
+      Shr 1.54 dlrs vs 2.49 dlrs
+      Net 1,952,00 vs 3,165,000
+      Rev 3,463,000 vs 3,005,000
+      Note: Net includes state tax credit of 400,000 for 1986 qtr
+  and year. Net also includes gains from sale of real estate of
+  3,000 vs 83,000 for qtr and 563,000 vs 1,317,000 for year.
+  
+
diff --git a/reuters/test/15987 b/reuters/test/15987
new file mode 100644
index 0000000000000000000000000000000000000000..9e93203d8c07eb068fb092e3457d759005675a5a
--- /dev/null
+++ b/reuters/test/15987
@@ -0,0 +1,40 @@
+U.S. BANK DISCOUNT BORROWINGS 361 MLN DLRS
+  U.S. bank discount window borrowings
+  less extended credits averaged 361 mln dlrs a day in the week
+  to Wednesday, April 8, the Federal Reserve said.
+      Total daily borrowings in the week fell 99 mln dlrs to 591
+  mln dlrs, with extended credits down 35 mln dlrs at 230 mln
+  dlrs. The week was the second half of the two-week statement
+  period that ended Wednesday. Net borrowings averaged 425 mln
+  dlrs in the first week of the period.
+      Commenting on the two-week statement period that ended on
+  April 8, the Fed said banks had average net free reserves of
+  447 mln dlrs.
+      A Fed spokesman told a press conference that there were no
+  large one-day net misses in the Fed's estimates of reserves in
+  the week ended Wednesday.
+      Of the week's borrowings, money center banks accounted for
+  65 pct, and small banks for almost 35 pct. On Wednesday, when
+  net borrowings were 1.36 billion dlrs and Fed funds averaged a
+  high 6.45 pct, money center banks accounted for more than 90
+  pct of the borrowing.
+      Borrowings in the latest two weeks averaged 393 mln dlrs a
+  day, the highest since the statement period ended January 28.
+      Float ranged from about 250 mln dlrs on Thursday to between
+  one and 1.25 billion dlrs on Monday and Tuesday.
+      The spokesman said Monday's float included 500 mln dlrs in
+  holdover float at one Fed branch due to mechanical problems.
+      About 500 mln dlrs of Tuesday's float reflected
+  non-weather-related transportation float in one Eastern Reserve
+  bank.
+      As-of adjustments ranged from minus 500 mln dlrs on Monday,
+  when cash letter errors at two eastern reserve banks were
+  corrected, to plus 500 mln dlrs on Thursday, when a correction
+  was made to unposted funds at a single bank.
+      In the first half of the statement period ended Wednesday,
+  banks held excess reserves on the first four days of the week
+  but ran a deficit on Wednesday.
+      In the second week, they ran a deficit on Thursday, Friday
+  and Monday but held excess reserves on the final two days.
+  
+
diff --git a/reuters/test/15988 b/reuters/test/15988
new file mode 100644
index 0000000000000000000000000000000000000000..d9cacfff107fd39612be1a77b3a2d6bea057f3c3
--- /dev/null
+++ b/reuters/test/15988
@@ -0,0 +1,16 @@
+NORANDA BEGINS MURDOCHVILLE MINE SALVAGE
+  Noranda Inc said it began salvage
+  operations at its Murdochville, Quebec mine where a fire last
+  week killed one miner and caused 10 mln dlrs in damage.
+       Noranda said the cause and full extent of the damage is
+  still unknown but the fire destroyed 6,000 feet of conveyor
+  belt.
+      The company said extreme heat from the fire caused severe
+  rock degradation along several ramps and drifts in the mine.
+      Production at the mine has been suspended until
+  investigations are complete. The copper mine and smelter
+  produced 72,000 tons of copper anodes in 1986.
+       The smelter continues to operate with available
+  concentrate from stockpiled supplies, Noranda said.
+  
+
diff --git a/reuters/test/15989 b/reuters/test/15989
new file mode 100644
index 0000000000000000000000000000000000000000..5619edc1193aa19b9b5360d31ca0a084e801e162
--- /dev/null
+++ b/reuters/test/15989
@@ -0,0 +1,11 @@
+U.S. M-1 MONEY SUPPLY FALLS TWO BILLION DLRS
+  U.S. M-1 money supply fell two billion
+  dlrs to a seasonally adjusted 738.9 billion dlrs in the March
+  30 week, the Federal Reserve said.
+      The previous week's M-1 level was revised to 740.9 billion
+  dlrs from 741.0 billion, while the four-week moving average of
+  M-1 rose to 739.8 billion dlrs from 739.7 billion.
+      Economists polled by Reuters said that M-1 would be
+  anywhere from down two billion dlrs to up 1.8 billion.
+  
+
diff --git a/reuters/test/15993 b/reuters/test/15993
new file mode 100644
index 0000000000000000000000000000000000000000..d20f670b2d78f979feea7caf08674fc8796b0939
--- /dev/null
+++ b/reuters/test/15993
@@ -0,0 +1,12 @@
+BEVIS <BEVI> RECEIVES TAKEOVER INQUIRIES
+  Bevis Industries Inc, which has
+  been seeking to be acquired, said it recently received
+  inquiries concerning the purchase of the company.
+      The company did not identify the parties that made the
+  inquiries, but it said they had been referred to its investment
+  bankers, Tucker, Anthony and R.L. Day Inc, for study.
+      On March 18, the company said it engaged Tucker, Anthony to
+  seek purchasers of its operating units, Greenville Tube Corp
+  and MD Pneumatics Inc.
+  
+
diff --git a/reuters/test/15995 b/reuters/test/15995
new file mode 100644
index 0000000000000000000000000000000000000000..459d096635d07d27c5a278c0e506b291458e447c
--- /dev/null
+++ b/reuters/test/15995
@@ -0,0 +1,9 @@
+JACOR <JCOR> TO BUY TWO DENVER RADIO STATIONS
+  Jacor Communications Inc said it
+  agreed to buy two Denver radio stations from A.H. Belo Corp
+  <BLC> for 24 mln dlrs in cash and notes.
+      Jacor said the two stations are KOA-AM and KOAQ-FM.
+      The acquisitions must be approved by the Federal
+  Communications Commission, Jacor added.
+  
+
diff --git a/reuters/test/15996 b/reuters/test/15996
new file mode 100644
index 0000000000000000000000000000000000000000..24f309aa11a6a77527a4e659be6cf5a84d10f951
--- /dev/null
+++ b/reuters/test/15996
@@ -0,0 +1,10 @@
+ASSETS OF U.S. MONEY FUNDS ROSE IN WEEK
+  Assets of money market mutual funds
+  increased 1.39 billion dlrs in the week ended yesterday to
+  236.77 billion dlrs, the Investment Company Institute said.
+      Assets of 93 institutional funds were up 481.1 mln dlrs to
+  65.65 billion dlrs, 93 broker-dealer funds rose 285.3 mln dlrs
+  to 107.31 billion dlrs, and 197 general purpose funds gained
+  625.5 mln dlrs to 63.8 billion dlrs.
+  
+
diff --git a/reuters/test/15997 b/reuters/test/15997
new file mode 100644
index 0000000000000000000000000000000000000000..e5a7ac5e0d0416ffff7e4bed89e5ab65c5498a16
--- /dev/null
+++ b/reuters/test/15997
@@ -0,0 +1,10 @@
+POLYCAST <PTCC> REDUCES SPARTECH <SPTN> STAKE
+  Polycast Technology Corp told the
+  Securities and Exchange Commission it sold off 119,800 of its
+  Spartech Corp common shares, reducing its stake in Spartech to
+  30,000 shares or 1.2 pct of the total outstanding.
+      Polycast said it made the sales April 6-8 in the
+  over-the-counter market.
+      It gave no reason for the sales.
+  
+
diff --git a/reuters/test/15999 b/reuters/test/15999
new file mode 100644
index 0000000000000000000000000000000000000000..f9a03f06e166df5706f0fc09c9cf471ed622d633
--- /dev/null
+++ b/reuters/test/15999
@@ -0,0 +1,17 @@
+GRAIN SHIPMENTS TO THE USSR -- USDA
+  There were 287,700 tonnes of U.S.
+  corn shipped to the Soviet Union in the week ended April 2,
+  according to the U.S. Agriculture Department's latest Export
+  Sales report.
+      That compares with 106,200 tonnes shipped in the prior
+  week.
+      There were no wheat or soybean shipments during the week.
+      The USSR has purchased 2,825,600 tonnes of U.S. corn, as of
+  April 2, for delivery in the fourth year of the U.S.-USSR grain
+  agreement.
+      Total shipments in the third year of the U.S.-USSR grains
+  agreement, which ended September 30, amounted to 152,600 tonnes
+  of wheat, 6,808,100 tonnes of corn and 1,518,700 tonnes of
+  soybeans.
+  
+
diff --git a/reuters/test/16002 b/reuters/test/16002
new file mode 100644
index 0000000000000000000000000000000000000000..7bf5e0e1c74a66ea0f02c27f299cc6252cae8744
--- /dev/null
+++ b/reuters/test/16002
@@ -0,0 +1,5 @@
+HOSPITAL CORP SAYS IT RECEIVED 47 DLR A SHARE OFFER FROM INVESTOR GROUP
+
+  HOSPITAL CORP SAYS IT RECEIVED 47 DLR A SHARE OFFER FROM INVESTOR GROUP
+  
+
diff --git a/reuters/test/16003 b/reuters/test/16003
new file mode 100644
index 0000000000000000000000000000000000000000..9e40e84274d5b7749c170eb9471800765c23e139
--- /dev/null
+++ b/reuters/test/16003
@@ -0,0 +1,6 @@
+BEVERLY ENTERPRISES <BEV> SETS REGULAR DIVIDEND
+  Qtly div five cts vs five cts prior
+      Pay July 13
+      Record June 30
+  
+
diff --git a/reuters/test/16004 b/reuters/test/16004
new file mode 100644
index 0000000000000000000000000000000000000000..2d58e4f7bf065d68cef2d910cc9a3bba2ea78b21
--- /dev/null
+++ b/reuters/test/16004
@@ -0,0 +1,5 @@
+TREASURY'S BAKER SAYS FLOATING EXCHANGE RATE SYSTEM NEEDS GREATER STABILITY
+
+  TREASURY'S BAKER SAYS FLOATING EXCHANGE RATE SYSTEM NEEDS GREATER STABILITY
+  
+
diff --git a/reuters/test/16005 b/reuters/test/16005
new file mode 100644
index 0000000000000000000000000000000000000000..efedb0320ddcf43661d92e1471771183d84ee2f7
--- /dev/null
+++ b/reuters/test/16005
@@ -0,0 +1,30 @@
+CRUDE OIL NETBACKS UP SHARPLY IN EUROPE, U.S.
+  Crude oil netback values in complex
+  refineries rose sharply in Europe and firmed in the U.S. last
+  Friday from the previous week but fell sharply in Singapore,
+  according to calculations by Reuters Pipeline.
+      The firmer tone to refining margins in Europe and the U.S.
+  relected higher prices for petroleum products, particularly
+  gasoline, and support from crude oil prices.
+      Netback values for crude oil refined in Northern Europe
+  rose substantially following strong gains in gasoline prices
+  there. Brent is valued at 19.45 dlrs, up 56 cts a barrel or
+  three pct from the previous week.
+      In the U.S. Gulf, sweet crudes rose in value by 14 cts to
+  19.33 dlrs for West Texas Intermediate, up about 0.7 pct.
+      Sour grades in the U.S. Gulf showed an increase of 33 cts a
+  barrel for Alaska North Slope, up 1.7 pct.
+      But netbacks for crude oil refined in Singapore fell
+  sharply, down 15 cts to as much as 68 cts a barrel as ample
+  distillate supplies weighed on petroleum product prices.
+      Attaka in Singapore is valued at 18.55 dlrs, a decline of
+  68 cts a barrel or 3.5 pct from the previous week.
+      For refineries in the Mediterranean, netback values were
+  mostly lower, with declines of seven to 14 cts. The value of
+  Kuwait crude fell 14 cts to 18.37 dlrs, while Iranian Light
+  fell 11 cts to 19.14 dlrs.
+      On the U.S. West Coast, netback values for ANS CIF L.A.
+  also jumped sharply, up 40 cts a barrel or 2.2 pct to 18.82
+  dlrs on higher gasoline prices.
+  
+
diff --git a/reuters/test/16006 b/reuters/test/16006
new file mode 100644
index 0000000000000000000000000000000000000000..50ad5cad36c4f5a877c480063cb53d0779c61bae
--- /dev/null
+++ b/reuters/test/16006
@@ -0,0 +1,52 @@
+TREASURY'S BAKER SAYS SYSTEM NEEDS STABILITY
+  Treasury Secretary James Baker said
+  the floating exchange rate system has not been as effective as
+  had been hoped in promoting stability and preventing imbalances
+  from emerging in the global economy.
+      In remarks before the afternoon session of the
+  International Monetary Fund's Interim Committee, Baker said he
+  was not suggesting that the system should be abandoned.
+      "But I do suggest," he said, "that we need something to give
+  it more stability and to keep it headed in the right direction
+  when the wind shifts."
+      He said that indicators can serve "as a kind of compass" but
+  added that structural indicators can help focus attention on
+  some policies.
+      Baker, however, said the IMF "needs to move beyond
+  macroeconomic indicators and find structural indicators that
+  can help focus attention on some of the policies of specific
+  relevance to the imbalances we face today."
+      The Treasury Secretary said that indicators should be given
+  a more prominent role in the annual economic reviews -- Article
+  IV consultations -- that the Fund performs.
+      Baker also told the policy making group that it was time
+  for the IMF to adopt earlier recommendations making IMF
+  surveillance more relevant to national policymakers and the
+  public.
+      "In particular, we urge increased publicity for IMF
+  appraisals developed in Article IV consultations, the use of
+  follow-up reports on country actions to implement IMF
+  recommendations, and greater use of special consultation
+  procedures," he said.
+      Baker emphasized that indicators were a device "for moving
+  beyond rhetoric to action."
+      He said they provide "more structure to the system, and
+  induce more discipline and peer pressure into the process of
+  policy coordination."
+      He said the Fund's procedures for surveillance need to be
+  reviewed and updated to reflect the use of indicators.
+      "This should be matter of priority for the executive board,"
+  he said.
+      Baker also urged the Fund to develop alternative
+  medium-term economic scenarios for countries that "can help us
+  focus even more clearly on the most important imbalances, by
+  identifying options for addressing them and analyzing the
+  implications of these options."
+      He said also that further work should be done on finding
+  paths that lead toward possible medium-term objectives.
+      "If we are to take effective remedial action when there are
+  significant deviations from an intended course, then we must
+  have more definitive ways of indentifying the right course for
+  key variables," he said.
+  
+
diff --git a/reuters/test/16007 b/reuters/test/16007
new file mode 100644
index 0000000000000000000000000000000000000000..9126a538aa8e95c389a97300e543b3a1ad56bf68
--- /dev/null
+++ b/reuters/test/16007
@@ -0,0 +1,12 @@
+NERCI <NER> UNIT CLOSES OIL/GAS ACQUISITION
+  Nerco Inc said its oil and gas
+  unit closed the acquisition of a 47 pct working interest in the
+  Broussard oil and gas field from <Davis Oil Co> for about 22.5
+  mln dlrs in cash.
+      Nerco said it estimates the field's total proved developed
+  and undeveloped reserves at 24 billion cubic feet, or
+  equivalent, of natural gas, which more than doubles the
+  company's previous reserves.
+      The field is located in southern Louisiana.
+  
+
diff --git a/reuters/test/16009 b/reuters/test/16009
new file mode 100644
index 0000000000000000000000000000000000000000..28caf21e4a93c054020d05bb7891853d15fe43f6
--- /dev/null
+++ b/reuters/test/16009
@@ -0,0 +1,57 @@
+U.S. DOLLAR LOSSES PROPEL BROAD COMMODITY GAINS
+  Commodities from gold to grains to
+  cotton posted solid gains in a flurry of buying today as losses
+  in the U.S. dollar and rising interest rates kindled fears of
+  inflation and economic instability.
+      Gains were most pronounced on the Commodity Exchange in New
+  York, where gold jumped 12.40 dlrs and closed at 436.50 dlrs a
+  troy ounce, and silver 22.5 cents to 6.86 dlrs a troy ounce.
+      A key factor behind the advance was anticipation that
+  inflation will be the only way for the major industrial nations
+  to halt the slide in the value of the U.S. dollar, said Steve
+  Chronowitz, director of commodity research with Smith Barney,
+  Harris Upham and Co., in New York.
+      The dollar tumbled one day after top finance officials from
+  the seven largest industrial nations reaffirmed their
+  commitment to support its value, and despite reports of
+  intervention by the U.S. Federal Reserve Bank, traders said.
+      Traders said it appears that the industrial nations, known
+  as the Group of Seven, lack the ability to change the long-term
+  direction of the currency markets.
+      "Maybe they have some ideas or plans," said Chronowitz. "If
+  they do, it's not evident."
+      "It looks like there's no cure but to let the free market
+  take values to where they should be.
+      "One way or another, we will force our major trading
+  partners to stimulate their economies," as a measure to correct
+  the mounting U.S. trade deficit, Chronowitz said.
+      "I think the markets believe, and have believed for a long
+  time, that the only recourse is to reflate at some point. It's
+  going to be a long and tedious process, but that's what's
+  happening," he said.
+      The falling value of the dollar makes U.S. commodities
+  cheaper for foreign buyers, stimulating demand.
+      At the same time, traders who are holding stocks and bonds
+  saw the value of their investments falling and many are turning
+  to commodities such as precious metals as a hedge, said Marty
+  McNeill, a metals analyst in New York with the trading house of
+  Dominick and Dominick.
+      The reaction in the metal markets reverberated throughout
+  the commodities markets, as grains, livestock, and cotton
+  posted broad gains.
+      Traders at the Chicago Board of Trade said attention in the
+  grain markets has shifted from concern about burdensome
+  supplies to the outlook that a lower dollar will stimulate
+  export demand.
+      After the close of trading, the Agriculture Department
+  raised its estimate for grain imports by the Soviet Union by
+  two mln tonnes from the month-earlier report.
+      Live hogs and frozen pork bellies posted sharp gains on the
+  Chicago Mercantile Exchange, while live cattle were moderately
+  higher.
+      Analysts said several factors boosted hog prices. They said
+  hogs haven't been making the weight gains that are normal at
+  this time of year, and farmers have been too busy with field
+  work to market animals.
+  
+
diff --git a/reuters/test/16012 b/reuters/test/16012
new file mode 100644
index 0000000000000000000000000000000000000000..87387f078175e37d95bfd45aa3058c1173f5ee2a
--- /dev/null
+++ b/reuters/test/16012
@@ -0,0 +1,6 @@
+EGYPT SEEKING 500,000 TONNES CORN - U.S. TRADERS
+  Egypt is expected to tender April 22
+  for 500,000 tonnes of corn for May through September shipments,
+  private export sources said.
+  
+
diff --git a/reuters/test/16013 b/reuters/test/16013
new file mode 100644
index 0000000000000000000000000000000000000000..bb990c31cdfc8d47771a1de9cb469f0c92520046
--- /dev/null
+++ b/reuters/test/16013
@@ -0,0 +1,9 @@
+TRUSTCORP INC <TTCO> 1ST QTR NET 
+  Shr 67 cts vs 62 cts
+      Net 9,160,000 vs 7,722,000
+      Assets 4.5 billion vs four billion
+      Note: Shr and net data are before accounting change
+  announced in 1986, which added 30 cts a share to year-ago 1st
+  qtr results.
+  
+
diff --git a/reuters/test/16014 b/reuters/test/16014
new file mode 100644
index 0000000000000000000000000000000000000000..565dcb4f211b4d7878fc6e87f530b7b57e5202b0
--- /dev/null
+++ b/reuters/test/16014
@@ -0,0 +1,3 @@
+ 9-APR-1987 17:28:02.76
+   9-APR-1987 17:28:02.76
+
diff --git a/reuters/test/16015 b/reuters/test/16015
new file mode 100644
index 0000000000000000000000000000000000000000..b0cd8214aa4215ec643a0911916fed3e1a17d890
--- /dev/null
+++ b/reuters/test/16015
@@ -0,0 +1,5 @@
+NAPA VALLEY BANCORP <NVBC> 1ST QTR NET
+  Shr 20 cts vs 25 cts
+      Net 487,000 vs 435,000
+  
+
diff --git a/reuters/test/16016 b/reuters/test/16016
new file mode 100644
index 0000000000000000000000000000000000000000..ab84290b2f7615a4be1d5c7a207fb752c5655e7f
--- /dev/null
+++ b/reuters/test/16016
@@ -0,0 +1,13 @@
+INTERNATIONAL POWER MACHINES <PWR> 4TH QTR LOSS
+  Shr loss 21 cts vs loss 28 cts
+      Net loss 817,000 vs loss 1,058,000
+      Revs 5,627,000 vs 7,397,000
+      Year
+      Shr loss 75 cts vs loss 1.36 dlrs
+      Net loss 2,872,000 vs loss 5,200,000
+      Revs 23.3 mln vs 21.1 mln
+      Note: 1985 net includes 1,255,000 adjustment in inventory
+  valuations and 486,000 in cost-reduction expenses.
+      Full name is International Power Machines Corp.
+  
+
diff --git a/reuters/test/16021 b/reuters/test/16021
new file mode 100644
index 0000000000000000000000000000000000000000..4d9870ee92e6296658fb48a95ecf509360a0fa26
--- /dev/null
+++ b/reuters/test/16021
@@ -0,0 +1,14 @@
+GREAT AMERICAN MGMT<GAMI> HAS ATCOR<ATCO> STAKE
+  Great American Management and
+  Investment Inc told the Securities and Exchange Commission it
+  acquired a 7.7 pct stake in Atcor Inc.
+      Great American said it bought the stake for investment.
+      It added that it has also considered--but not yet
+  decided--to buy additional Atcor shares, either in the open
+  market, in private transactions, through a tender offer or
+  otherwise.
+      Great American said it paid about 6.1 mln dlrs for its
+  462,400 Atcor shares. It said its most recent purchases
+  included 191,400 shares bought March 18-April 6.
+  
+
diff --git a/reuters/test/16022 b/reuters/test/16022
new file mode 100644
index 0000000000000000000000000000000000000000..dba85353ed43091b4372e3a53bf020be817a33d6
--- /dev/null
+++ b/reuters/test/16022
@@ -0,0 +1,13 @@
+RAI RESEARCH CORP <RAC> 3RD QTR FEB 28 NET
+  Oper shr one ct vs 13 cts
+      Oper net 17,806 vs 312,692
+      Revs 1,318,165 vs 2,239,349
+      Nine mths
+      Oper shr 27 cts cs 28 cts
+      Oper net 640,156 vs 671,291
+      Revs 5,612,818 vs 5,632,044
+      Note: Oper excludes gain from discontinued operations of
+  15,598 for year-ago qtr and loss from discontinued operations
+  of 49,040 for year-ago nine mths.
+  
+
diff --git a/reuters/test/16023 b/reuters/test/16023
new file mode 100644
index 0000000000000000000000000000000000000000..c2211d9428ac6959be32bad657724d171f4070c9
--- /dev/null
+++ b/reuters/test/16023
@@ -0,0 +1,30 @@
+MOORE <MCL> SEES SUBSTANTIAL 1987 PROFIT GAIN
+  Moore Corp Ltd expects 1987 profits from
+  continuing operations will exceed 1986 results and recover to
+  1985 levels when the company earned 152 mln U.S. dlrs or 1.70
+  dlrs a share, president M. Keith Goodrich said.
+      "We'll have a substantial increase in earnings from
+  continuing operations," he told reporters after the annual
+  meeting. He said he expected profits would recover last year's
+  lost ground and reach 1985 results.
+      In 1986, profits from continuing operations slumped to
+  139.5 mln dlrs or 1.54 dlrs a share. The total excluded losses
+  of 30 mln dlrs on discontinued operations.
+      Goodrich said Moore is still actively looking for
+  acquisitions related to its core areas of business forms
+  manufacturing or handling.
+      "We could do a large acquisition," he said when asked if
+  the company could raise as much as one billion dlrs for this
+  purpose.
+      Chairman Judson Sinclair, answering a shareholder's
+  question, told the annual meeting that a special resolution
+  passed by shareholders to create a new class of preferred
+  shares would allow Moore to move quickly if it decided to
+  pursue an acquisition.
+      "If we were to make a major acquisition ... it means we can
+  move with a certain expediency," Sinclair said.
+      Asked if the resolution was designed to give Moore
+  protection from a possible hostile takeover, Sinclair said
+  only, "I know of no threat to the corporation at this time."
+  
+
diff --git a/reuters/test/16026 b/reuters/test/16026
new file mode 100644
index 0000000000000000000000000000000000000000..bf093062b796ed53985ede35c6969ae41ecd9638
--- /dev/null
+++ b/reuters/test/16026
@@ -0,0 +1,14 @@
+FIRM HAS 14.8 PCT OF DECISION/CAPITAL FUND<DCF>
+  Gabelli Group Inc said it and two
+  subsidiaries held a total of 295,800 Decision/Capital Fund Inc
+  shares or 14.8 pct of the total outstanding.
+      It said the shares were held on behalf of investment
+  clients and it said it had no intention of seeking control of
+  the fund.
+      Gabelli said its most recent purchases of Decision/Capital
+  Fund stock included 95,800 shares bought April 3-6 on the
+  Philadelphia Stock Exchange.
+      Gabelli is an investment firm headquartered in New York
+  City. Its Gabelli and Co subsidiary is a brokerage firm.
+  
+
diff --git a/reuters/test/16029 b/reuters/test/16029
new file mode 100644
index 0000000000000000000000000000000000000000..0ad1af6d273dc5dac15aa24694d1e5f33f491eca
--- /dev/null
+++ b/reuters/test/16029
@@ -0,0 +1,16 @@
+PARTNERSHIP BUYS IPCO <IHS> STAKE OF 6.8 PCT
+  MP Co, a New York investment
+  partnership, told the Securities and Exchange Commission it
+  bought a 6.8 pct stake in IPCO Corp common stock.
+      The partnership said it acquired 346,600 IPCO shares,
+  paying 4.9 mln dlrs, because it believed the securities to be
+  "an attractive investment opportunity."
+      It said it planned to regularly review its investment and
+  may in the future recommend business strategies or an
+  extraordinary corporate transaction such as a merger,
+  reorganization, liquidation or asset sale.
+      The partnership is controlled by Marcus Schloss and Co Inc,
+  a New York brokerage firm, and Prime Medical Products Inc, a
+  Greenwood, S.C., medical supplies firm.
+  
+
diff --git a/reuters/test/16030 b/reuters/test/16030
new file mode 100644
index 0000000000000000000000000000000000000000..e2022ff5a3204bba5d725b1663bc934099084ca1
--- /dev/null
+++ b/reuters/test/16030
@@ -0,0 +1,12 @@
+DELMED INC <DMD> YEAR LOSS
+  Oper shr loss 30 cts vs loss 1.27 dlrs
+      Oper net loss 8,648,000 vs loss 25.6 mln
+      Revs 27.4 mln vs 33.3 mln
+      Avg shrs 29.1 mln vs 20.1 mln
+      Note: Oper excludes loss on provision for discontinued
+  operations of 971,000 vs 12.2 mln and loss from conversion of
+  debt 587,000 vs gain of 1,734,000.
+      1985 oper excludes loss from pension plan liquidation of
+  631,000 and loss from discontinued operations of 1,015,000.
+  
+
diff --git a/reuters/test/16033 b/reuters/test/16033
new file mode 100644
index 0000000000000000000000000000000000000000..88d7b1eaf1abec8dca0f4e95ca09e76bc3ed7c1f
--- /dev/null
+++ b/reuters/test/16033
@@ -0,0 +1,5 @@
+CADILLAC FAIRVIEW SAYS IT HAS RECEIVED SOME ACQUISITION PROPOSALS
+
+  CADILLAC FAIRVIEW SAYS IT HAS RECEIVED SOME ACQUISITION PROPOSALS
+  
+
diff --git a/reuters/test/16037 b/reuters/test/16037
new file mode 100644
index 0000000000000000000000000000000000000000..ba91363c85375f9d48aab7bd70337d8c02d02887
--- /dev/null
+++ b/reuters/test/16037
@@ -0,0 +1,9 @@
+CADILLAC FAIRVIEW SAYS IT RECEIVED TAKEOVER BIDS
+  <Cadillac Fairview Corp Ltd> said it
+  received proposals to acquire the company, following its
+  announcement last August that it had retained investment
+  dealers to solicit offers for all outstanding common shares.
+      Cadillac Fairview said the offers are subject to
+  clarification and negotiation and offered no further details.
+  
+
diff --git a/reuters/test/16040 b/reuters/test/16040
new file mode 100644
index 0000000000000000000000000000000000000000..9900ac2ccee842ef7185999fd25608d481a30fa7
--- /dev/null
+++ b/reuters/test/16040
@@ -0,0 +1,3 @@
+ 9-APR-1987 18:20:35.91
+   9-APR-1987 18:20:35.91
+
diff --git a/reuters/test/16041 b/reuters/test/16041
new file mode 100644
index 0000000000000000000000000000000000000000..ce486df46509ccd1c0facab19b0ded50030c76b4
--- /dev/null
+++ b/reuters/test/16041
@@ -0,0 +1,7 @@
+WINTERHALTER <WNTLC> HOLDERS OKAY TAKEOVER
+  Winterhalter Inc said its
+  shareholders approved the 525,000 dlr acquisition of
+  Winterhalter by Interface Systems Inc <INTF>.
+      The acquisition would be for 15 cts per Winterhalter share.
+  
+
diff --git a/reuters/test/16045 b/reuters/test/16045
new file mode 100644
index 0000000000000000000000000000000000000000..8e42dc09c67d0e7aa7967c9e26f5e98cc5133117
--- /dev/null
+++ b/reuters/test/16045
@@ -0,0 +1,6 @@
+<AMERICAN EAGLE PETROLEUMS LTD> YEAR LOSS
+  Shr loss 10 cts vs profit 17 cts
+      Net loss 1,546,000 vs profit 4,078,000
+      Revs 22.6 mln vs 38.9 mln
+  
+
diff --git a/reuters/test/16052 b/reuters/test/16052
new file mode 100644
index 0000000000000000000000000000000000000000..fba5ced8a66ab2c2576ef47f5199b2fafafee004
--- /dev/null
+++ b/reuters/test/16052
@@ -0,0 +1,14 @@
+CHILEAN TRADE SURPLUS NARROWS SLIGHTLY IN FEBRUARY
+  chile's trade surplus narrowed to 102.2
+  mln dlrs in february, from 105.4 mln dlrs in the same month
+  last year, but it was above the 18.2-mln-dlr surplus recorded
+  in january 1987, the central bank said.
+      Exports in february totalled 379.4 mln dlrs, 17.2 pct above
+  the january figure. Imports fell 9.2 pct from the previous
+  month to 277.2 mln dlrs. The figures for the same month last
+  year were 314 mln and 208.6 mln dlrs, respectively.
+      The accumulated trade surplus over the first two months of
+  1987 stands at 120.4 mln dlrs against 132.8 mln dlrs the
+  previous year.
+  
+
diff --git a/reuters/test/16053 b/reuters/test/16053
new file mode 100644
index 0000000000000000000000000000000000000000..c3b019e0957f6fc32a9a04d5253174e1a2f2fa75
--- /dev/null
+++ b/reuters/test/16053
@@ -0,0 +1,67 @@
+ANALYSTS DOUBT FED FIRMED DESPITE BORROWING RISE
+  Economists said that they doubt the
+  Federal Reserve is firming policy to aid the dollar, despite
+  higher discount window borrowings in the latest two-week
+  statement period and very heavy borrowings Wednesday.
+      Data out today show net borrowings from the Fed averaged
+  393 mln dlrs in the two weeks to Wednesday, up from 265 mln
+  dlrs in the prior statement period. Wednesday borrowings were
+  1.4 billion dlrs as Federal funds averaged a high 6.45 pct.
+      "One could make a case that the Fed is firming, but it
+  probably isn't," said William Sullivan of Dean Witter Reynolds.
+      Sullivan said some may assume the Fed has firmed policy
+  modestly to support the dollar because net borrowings in the
+  two-weeks to Wednesday were nearly 400 mln dlrs after averaging
+  around 250 mln dlrs over the previous two months.
+      However, the Dean Witter economist noted that the latest
+  two-week period included a quarter end when seasonal demand
+  often pushes up borrrowings.
+      "Some might argue that the Fed was firming policy, but it
+  looks like it tried to play catchup with reserve provisions
+  late in the statement period and didn't quite make it," said
+  Ward McCarthy of Merrill Lynch Capital Markets.
+      A Fed spokesman told a press press conference today that
+  the Fed had no large net one-day miss of two billion dlrs or
+  more in its reserve projections in the week ended Wednesday.
+      Still, McCarthy said it may have had a cumulative miss in
+  its estimates over the week that caused it to add fewer
+  reserves earlier in the week than were actually needed.
+      The Fed took no market reserve management action last
+  Thursday and Friday, the first two days of the week. It added
+  temporary reserves indirectly on Monday via two billion dlrs of
+  customer repurchase agreements and then supplied reserves
+  directly via System repurchases on Tuesday and Wednesday.
+      Based on Fed data out today, economists calculated that the
+  two-day System repurchase agreements the Fed arrranged on
+  Tuesday totaled around 5.9 billion dlrs. They put Wednesday's
+  overnight System repos at approximately 3.4 billion dlrs.
+      "It is quite clear that the Fed is not firming policy at
+  this time," said Larry Leuzzi of S.G. Warburg and Co Inc.
+      Citing the view shared by the other two economists, Leuzzi
+  said the Fed cannot really afford to seriously lift interest
+  rates to help the dollar because that would harm already weak
+  economies in the United States and abroad and add to the
+  financial stress of developing countries and their lenders.
+      "Those who believe the Fed tightened policy in the latest
+  statement period have to explain why it acted before the dollar
+  tumbled," said McCarthy of Merrill Lynch.
+      He said the dollar staged a precipitous drop as a new
+  statement period began today on disappointment yesterday's
+  Washington meetings of international monetary officials failed
+  to produce anything that would offer substantive dollar aid.
+      In fact, currency dealers said there was nothing in
+  Wednesday's G-7 communique to alter the prevailing view that
+  the yen needs to rise further to redress the huge trade
+  imbalance between the United States and Japan.
+      The economists generally agreed that the Fed is aiming for
+  steady policy now that should correspond to a weekly average
+  Fed funds rate between six and 6-1/8 pct. This is about where
+  the rate has been since early November.
+      "I'm not so sure that the Fed is engineering a tighter
+  policy to help the dollar, as some suspect," said Sullivan of
+  Dean Witter.
+      If it is, however, he said that Fed probably has just
+  nudged up its funds rate goal to around 6.25 to 6.35 pct from
+  six to 6.10 pct previously.
+  
+
diff --git a/reuters/test/16055 b/reuters/test/16055
new file mode 100644
index 0000000000000000000000000000000000000000..6b69835fb3432d4c6d094bc3d08ff0f46a39abb3
--- /dev/null
+++ b/reuters/test/16055
@@ -0,0 +1,8 @@
+VALEX PETROLEUM INC <VALP> YEAR DEC 31
+  Shr loss six cts vs loss 84 cts
+      Net loss 219,632 vs loss 16.3 mln
+      Revs 1.4 mln vs 2.8 mln
+      NOTE:1985 net includes 15.5 mln dlrs of writedowns and tax
+  benefit of 51,294.
+  
+
diff --git a/reuters/test/16063 b/reuters/test/16063
new file mode 100644
index 0000000000000000000000000000000000000000..faf10fcc702c637c8d6b47002a312b45b5b833d9
--- /dev/null
+++ b/reuters/test/16063
@@ -0,0 +1,12 @@
+N.Z. TRADING BANK DEPOSIT GROWTH EASES SLIGHTLY
+  New Zealand's trading bank
+  seasonally adjusted deposit growth rose 2.1 pct in February
+  compared with a 2.6 pct rise in January, the Reserve Bank said.
+      Year-on-year total deposits rose 28.9 pct compared with a
+  30.6 pct rise in January and 34.4 pct rise in February a year
+  ago period, the bank said in its weekly statistical release.
+      Total deposits rose to 17.55 billion N.Z. Dlrs in February
+  compared with 17.18 billion in January and 13.61 billion in
+  February 1986.
+  
+
diff --git a/reuters/test/16066 b/reuters/test/16066
new file mode 100644
index 0000000000000000000000000000000000000000..1d931949bd48ba39b91aff42f519cae9d84cea89
--- /dev/null
+++ b/reuters/test/16066
@@ -0,0 +1,5 @@
+BANK OF JAPAN INTERVENES TO BUY DOLLARS AROUND 143.70 YEN - DEALERS
+
+  BANK OF JAPAN INTERVENES TO BUY DOLLARS AROUND 143.70 YEN - DEALERS
+  
+
diff --git a/reuters/test/16067 b/reuters/test/16067
new file mode 100644
index 0000000000000000000000000000000000000000..824101ebd90a414b100dd5a890cad784d8fa1569
--- /dev/null
+++ b/reuters/test/16067
@@ -0,0 +1,5 @@
+DOLLAR OPENS AT RECORD TOKYO LOW 143.75 YEN (PREVIOUS RECORD 144.70) - DEALERS
+
+  DOLLAR OPENS AT RECORD TOKYO LOW 143.75 YEN (PREVIOUS RECORD 144.70) - DEALERS
+  
+
diff --git a/reuters/test/16068 b/reuters/test/16068
new file mode 100644
index 0000000000000000000000000000000000000000..7f3682864ea33accd9c586be2eaad4c66b28712a
--- /dev/null
+++ b/reuters/test/16068
@@ -0,0 +1,30 @@
+DOLLAR OPENS AT TOKYO RECORD LOW OF 143.75 YEN
+  The dollar opened at a record Tokyo low
+  of 143.75 yen despite aggressive Bank of Japan intervention,
+  dealers said.
+      The previous record low was 144.70 yen set on March 30. The
+  opening compares with 143.90/144.00 yen at the close in New
+  York.
+      The central bank bought dollars through Tokyo brokers just
+  before and after the market opening, the dealers said.
+      The intervention took place when the dollar fell to 143.20
+  yen, one dealer said.
+      The dollar opened at 1.8155/60 marks against 1.8187/97 in
+  New York.
+      The dollar fell as low as 142.90 yen despite central bank
+  intervention at 143.00 yen, dealers said.
+      Selling pressure was strong from securities houses and
+  institutional investors in hectic and nervous trading on
+  underlying bearish sentiment for the dollar, they said.
+      Most dealers were surpised by the dollar's sharp fall
+  against the yen in New York, although many had expected such a
+  drop to happen eventually.
+      Institutional investors are expected to sell the dollar
+  aggressively if it rises to around 143.50 yen, dealers said.
+      The U.S. Currency steadied well above 143.00 yen after Bank
+  of Japan intervention and scattered short-covering, they said.
+      The dollar opened at 1.5120/30 Swiss francs against
+  1.5085/00 at the New York close.
+      Sterling started at 1.6190/00 dlrs against 1.6195/05.
+  
+
diff --git a/reuters/test/16069 b/reuters/test/16069
new file mode 100644
index 0000000000000000000000000000000000000000..9f3d20c8c2f0e15ea92355bf353dd82217d71d9d
--- /dev/null
+++ b/reuters/test/16069
@@ -0,0 +1,9 @@
+DOLLAR FALLS BELOW 143 YEN IN TOKYO
+  The dollar fell below 143 yen in hectic
+  early Tokyo trading despite aggressive Bank of Japan
+  intervention, dealers said.
+      After opening at a Tokyo low of 143.75 yen, the dollar fell
+  as low as 142.90 yen on heavy selling led by securities firms
+  and institutional investors, they said.
+  
+
diff --git a/reuters/test/16071 b/reuters/test/16071
new file mode 100644
index 0000000000000000000000000000000000000000..96185ae8680ffecc0926b46761327712e81afa8e
--- /dev/null
+++ b/reuters/test/16071
@@ -0,0 +1,21 @@
+ARGENTINE GRAIN MARKET REVIEW
+  The Argentine grain market was
+  quiet in the week to Wednesday, with prices rising slightly on
+  increased interest in wheat, millet and birdseed.
+      Wheat for domestic consumption rose six Australs per tonne
+  to 118.
+      For export it rose eight to 108 per tonne from Bahia
+  Blanca, increased 0.50 to 104 at Necochea and was unchanged at
+  Rosario at 108.30.
+      Maize increased one to 90 per tonne at Buenos Aires, was
+  unchanged at 82 in Bahia Blanca, increased 0.50 to 85 at
+  Necochea and fell one to 88 at Parana River ports.
+      Sorghum from Bahia Blanca increased 0.50 Australs to 76.50
+  per tonne and dropped one to 75 at Rosario.
+      It was quoted at 75 at Villa Constitucion, San Nicolas and
+  Puerto Alvear.
+      Oats were unchanged at 168 per tonne at Buenos Aires.
+      Millet from Buenos Aires and Rosario rose five per tonne to
+  140 and birdseed rose 15 to 205 at Buenos Aires.
+  
+
diff --git a/reuters/test/16072 b/reuters/test/16072
new file mode 100644
index 0000000000000000000000000000000000000000..1840f6c2ad5f9859a8636ddd0d48173d8616d2c8
--- /dev/null
+++ b/reuters/test/16072
@@ -0,0 +1,90 @@
+U.S. MARKETS OFFER GLIMPSE OF VOLCKER NIGHTMARE
+  Today's turmoil in the U.S. Financial
+  markets, with bond and stock prices tumbling in the dollar's
+  wake, is evidence of a major shift in investor psychology that
+  is likely to spell more turbulence ahead, economists said.
+      For two years, the markets had hailed the dollar's decline
+  as the cure-all for the U.S. Trade deficit. Interest rates fell
+  sharply and Wall Street became a one-way street, up.
+      But that confidence is now cracking as the financial
+  markets suddenly believe Fed chairman Paul Volcker's
+  often-repeated warnings about the risks of a dollar collapse.
+      "Volcker's been saying for a long time that a dollar
+  freefall would be extremely dangerous - now he's got it," said
+  David Jones, economist at Aubrey G. Lanston and Co Inc.
+      The dollar fell below 144 yen today for the first time in
+  40 years as the Group of Seven finance ministers in Washington
+  failed to convince the foreign exchange market that they have a
+  credible strategy for redressing global trade imbalances, short
+  of further depreciation of the dollar.
+      Bonds suffered their biggest one-day drop in months amid
+  worries that the dollar's slide will rekindle inflation, scare
+  away foreign investors and force the Fed to tighten credit.
+      The inflationary fears boosted gold bullion by more than 12
+  dlrs to a 1987 high of 432.20/70 dlrs an ounce, while the spike
+  in interest rates pulled the Dow Jones Industrial Average down
+  by 33 points to 2339.
+      Norman Robertson, Mellon Bank chief economist, called the
+  markets' instability frightening. He believes economic
+  fundamentals do not justify the bearishness but said that "once
+  you start the ball rolling it's difficult to stop."
+      "There's a stark possibility that you could get a
+  destabilizing drop in the dollar that forces up interest rates
+  and drives us into recession. The markets are in a panic."
+      Stephen Marris of the Institute for International Economics
+  in Washington, has been warning for a long time that the
+  controlled decline of the dollar since peaks of 3.47 marks and
+  264 yen in February 1985 could turn into a nightmare.
+      "We're still more or less on track for a hard landing... But
+  the agony may be fairly drawn out," Marris told Reuters.
+      Marris does not expect the crisis to peak until later this
+  year, but he warned that the situation is so fragile that it
+  would take very little to touch off what he calls the second
+  phase of the hard landing, whereby a loss of confidence in the
+  dollar pushes up interest rates and leads to a recession.
+      The stock market's reaction today and its sharp drop on
+  March 30 shows how the loss of confidence could come about.
+      The fact that it has not happened yet is consistent with
+  historical experience, which teaches that domestic markets are
+  not affected until a currency is in the final stages of its
+  decline, Marris said. He has forecast a drop to about 125 yen.
+      Marris felt that a major impetus for the dollar's latest
+  weakness was the loss of credibility that central banks
+  suffered when they failed to prevent the dollar from falling
+  below 150 yen, the floor that the market believes was set as
+  part of the G-7 Paris agreement in February.
+      Robertson at Mellon, by contrast, said the loss of
+  confidence was triggered last week when Washington announced
+  plans to slap 300 mln dlrs of tariffs on Japanese electronic
+  imports, raising the specter of a debilitating trade war.
+      Many economists believe that long-run stability will not
+  return to the markets until the root cause of the trade gap is
+  addressed - excessive consumption in the U.S., Reflected in the
+  massive budget deficit.
+      But in the short term, given the failure of the G-7 and of
+  central bank intervention, some feel that the Fed will have no
+  choice but to tighten credit to restore faith in the dollar.
+      "The only thing that will stop the dollar falling is a
+  substantial increase in the discount rate and a corresponding
+  cut abroad, at least by Japan," said Lanston's Jones.
+      Marris expects the Fed to act quickly to raise interest
+  rates, even at the risk of increasing the debt burden for
+  American farmers, Latin American governments and others.
+      But Robert Giordano, chief economist at Goldman Sachs and
+  Co, scoffed at the notion. "It's ridiculous to think the Federal
+  Reserve will raise interest rates when the dollar is weak
+  against just one currency. This is yen strength, not dollar
+  weakness," he said.
+      Giordano said the market was ignoring the progress being
+  made toward reducing the U.S. Budget deficit.
+      "We're going to have one of the biggest reductions in the
+  budget deficit relative to GNP in history this year, and nobody
+  cares," he said, noting that only the deficit cut in 1968-69
+  will have been greater.
+      He said he does not expect the dollar to collapse and
+  thinks interest rates are likely to fall back later this year.
+      But for now, market psychology has changed so abruptly that
+  a further drop in the bond market cannot be ruled out. "Put on
+  your helmets," Giordano said.
+  
+
diff --git a/reuters/test/16074 b/reuters/test/16074
new file mode 100644
index 0000000000000000000000000000000000000000..1614f3950744b505fb6dd45e621d0e16291c97a8
--- /dev/null
+++ b/reuters/test/16074
@@ -0,0 +1,25 @@
+AVERAGE YEN CD RATES FALL IN LATEST WEEK
+  Average interest rates on yen
+  certificates of deposit (CD) fell to 4.13 pct in the week ended
+  April 8 from 4.33 pct the previous week, the Bank of Japan
+  said.
+      New rates (previous in brackets) -
+      Average CD rates all banks 4.13 pct (4.33)
+      Money Market Certificate (MMC) ceiling rates for week
+  starting from April 13 -       3.38 pct (3.58)
+      Average CD rates of city, trust and long-term banks -
+      Less than 60 days          4.15 pct (4.41)
+      60-90 days                 4.14 pct (4.29)
+      Average CD rates of city, trust and long-term banks -
+      90-120 days                4.12 pct (4.25)
+      120-150 days               4.12 pct (4.23)
+      150-180 days               unquoted (4.03)
+      180-270 days               4.05 pct (4.05)
+      Over 270 days              4.05 pct (unqtd)
+      Average yen bankers acceptance rates of city, trust and
+  long-term banks -
+      30 to less than 60 days    3.98 pct (4.20)
+      60-90 days                 4.03 pct (3.97)
+      90-120 days                unquoted (unqtd)
+  
+
diff --git a/reuters/test/16075 b/reuters/test/16075
new file mode 100644
index 0000000000000000000000000000000000000000..452aeadddaef09263183dd548ee8f5b7f9bc637b
--- /dev/null
+++ b/reuters/test/16075
@@ -0,0 +1,44 @@
+JAPAN HAS NO PLANS TO CUT DISCOUNT RATE
+  Bank of Japan sources said the bank
+  has no plans to cut its discount rate.
+      They told reporters that there was no pressure on Japan
+  during the Group of Seven (G-7) meeting here yesterday to lower
+  its discount rate. They added that they themselves do not feel
+  any need for a cut at all.
+      Chancellor of the Exchequer Nigel Lawson told reporters
+  earlier today that some countries - those with strong
+  currencies - might have to cut interest rates.
+      The Bank of Japan sources also said that it was too soon to
+  call the G-7 pact a failure.
+      The central bank sources were commenting on the dollar's
+  renewed tumble in New York and Tokyo, which was sparked by
+  remarks by U.S. Treasury Secretary James Baker that the
+  dollar's fall had been orderly.
+      They said the market must have misinterpreted Baker's
+  comments because he was referring to the dollar's fall since
+  the Plaza agreement in September 1985, over a long-time span,
+  not the currency's recent movements.
+      They added that the foreign exchange markest seem to seize
+  on anything to use as an excuse to drive the dollar one way or
+  the other.
+      The Bank of Japan sources said the U.S. Is putting more
+  weight on the dollar/yen rate in terms of judging market
+  stability than on other currencies.
+      Throughout the G-7 meeting, Japan pointed to the dangers
+  that would arise from a further dollar fall because it would
+  reduce the flow of Japanese capital to the U.S., Hurting the
+  U.S. And world economies, they said.
+      In February and in March of this year, Japanese investors
+  reduced their purchases of U.S. Treasury bonds, the sources
+  said.
+      Each country in the G-7 - Britain, Canada, France, Italy,
+  Japan, the U.S. And West Germany - has a different view about
+  currency stability, the Bank of Japan sources said.
+      This is because the overall foreign exchange market is a
+  triangle of dollar/yen, European currencies/yen and
+  dollar/European currencies.
+      At the time of the Louvre agreement, European countries did
+  not want the yen to weaken against their currencies so they did
+  not object to the yen strengthening, they said.
+  
+
diff --git a/reuters/test/16076 b/reuters/test/16076
new file mode 100644
index 0000000000000000000000000000000000000000..548adcb29e737482225265477059591d6d55bbe1
--- /dev/null
+++ b/reuters/test/16076
@@ -0,0 +1,24 @@
+AUSTRALIAN UNIONS AND NSW GOVERNMENT REACH DEAL
+  Union and New South Wales government
+  officials have reached a compromise in a dispute over workers
+  compensation, averting increased industrial action in the
+  state, union sources said.
+      But some unions, including those of building and mining
+  workers, said they were dissatisfied with the deal and would
+  continue their strikes for a few more days.
+      State officials said the government had agreed to revise
+  its proposals to cut compensation and would allow slightly
+  higher cash benefits for injured workers.
+      Under the original proposal, which sparked strikes and
+  other industrial action in the state on April 7, workers'
+  compensation would have been cut by one third. Full details of
+  the compromise package are not yet known.
+      The Labour Council, affiliated to the Australian Council of
+  Trade Unions (ACTU), had threatened to paralyse New South Wales
+  unless the government modified its pending legislation on the
+  issue.
+      State officials said the only sectors affected in the past
+  three days were some government building projects, railway
+  freight movement and cargo handling in Sydney's ports.
+  
+
diff --git a/reuters/test/16077 b/reuters/test/16077
new file mode 100644
index 0000000000000000000000000000000000000000..93bc499192fed941fbe9bb981ad2932db4e562a0
--- /dev/null
+++ b/reuters/test/16077
@@ -0,0 +1,19 @@
+ECUADOR CRUDE OIL OUTPUT TO RESUME NEXT MONTH
+  Ecuador is due to resume limited crude oil
+  output on May 8 when a new 43 km pipeline to neighbouring
+  Colombia should be finished, an energy ministry spokesman said.
+      Oil output was halted on March 5 by an earthquake which
+  damaged 50 km of the main pipeline linking jungle oilfields at
+  Lago Agrio to the Ecuadorean port of Balao on the Pacific.
+      About 13 km of the new link, capable of carrying some
+  50,000 barrels per day (bpd), has been built, he said.
+      Ecuador pumped 245,000 to 250,000 bpd before the
+  earthquake.
+      The new link will connect Lago Agrio to Puerto Colon in
+  Colombia, the starting point of Columbia's pipeline to the
+  Pacific ocean port of Temuco.
+      The government estimates it will take about four more
+  months to repair the Lago Agrio to Balao pipeline and return
+  output to normal levels, the spokesman said.
+  
+
diff --git a/reuters/test/16079 b/reuters/test/16079
new file mode 100644
index 0000000000000000000000000000000000000000..4a2565433249ff77765d24699f0d1188665745ec
--- /dev/null
+++ b/reuters/test/16079
@@ -0,0 +1,14 @@
+THAI RICE EXPORTS FALL IN WEEK TO APRIL 7
+  Thailand exported 56,652 tonnes of rice
+  in the week ended April 7, down from 75,160 tonnes the previous
+  week, the Commerce Ministry said.
+      It said the government and private exporters shipped 41,607
+  and 15,045 tonnes respectively.
+      Private exporters concluded advance weekly sales for 48,062
+  tonnes against 22,086 tonnes the previous week.
+      Thailand exported 1.29 mln tonnes of rice so far in 1987,
+  down from 1.39 mln tonnes a year ago.
+      It has commitments to export a further 353,045 tonnes this
+  year.
+  
+
diff --git a/reuters/test/16080 b/reuters/test/16080
new file mode 100644
index 0000000000000000000000000000000000000000..6aa2c5aad4b1e8ac5d3e9e3755bcba1eac2119c2
--- /dev/null
+++ b/reuters/test/16080
@@ -0,0 +1,14 @@
+JAPAN SEES MARGINAL RISE IN EDIBLE OIL DEMAND
+  The Agriculture Ministry estimates
+  Japan's edible oil demand will rise 1.5 pct in calendar 1987 to
+  1.68 mln tonnes from 1.65 mln in 1986.
+      Domestic consumption will rise to 1.66 mln tonnes in 1987
+  from 1.64 mln in 1986, while imports will rise to 77,000 tonnes
+  from 70,000 and exports will be unchanged at 14,000.
+      Edible oil supplies will total 1.75 mln tonnes in 1987
+  against 1.73 mln last year, including domestic output of 1.60
+  mln against 1.55 mln. Domestic supplies will comprise 725,000
+  of soybean oil (706,000 in 1986), 638,000 of rapeseed oil
+  (609,000) and 235,000 of other origin oils (231,000).
+  
+
diff --git a/reuters/test/16083 b/reuters/test/16083
new file mode 100644
index 0000000000000000000000000000000000000000..dba9af89d365cc351ea2d70943bc3c57d11ac452
--- /dev/null
+++ b/reuters/test/16083
@@ -0,0 +1,13 @@
+INTEREST RATE DIFFERENTIALS TOO SMALL, BANKER SAYS
+  Swiss National Bank President Pierre
+  Languetin said a wider interest rate differential between the
+  dollar and stronger currencies was needed to brake the dollar's
+  fall.
+      At a news conference, he said Japan and West Germany could
+  try to stimulate their economies further by expanding money
+  supply, but he added "I'm not so sure it would be desirable if
+  monetary policy became more expansive.
+      "But what would be useful is a greater differential in
+  interest rates," he said.
+  
+
diff --git a/reuters/test/16086 b/reuters/test/16086
new file mode 100644
index 0000000000000000000000000000000000000000..0cc7fdd827abc33d225f8933dacc0d1959ee3b65
--- /dev/null
+++ b/reuters/test/16086
@@ -0,0 +1,14 @@
+MOBIL AUSTRALIA REPORTS 38.6 MLN DLR 1986 LOSS
+  Wholly-owned Mobil Corp <MOB> unit,
+  <Mobil Oil Australia Ltd>, reported a 38.63 mln dlr net loss in
+  1986, a turnaround from its 37.25 mln profit in 1985.
+      The loss reflected a combination of strikes plus scheduled
+  and unscheduled refinery shutdowns for maintenance and
+  inventory losses caused by government controls on both crude
+  and product prices, Mobil said in a statement.
+      However, equity-accounting of associates' profits reduced
+  the loss to 24 mln dlrs against a 37 mln profit in 1985.
+      Mobil said it was confident 1987 would see a return to
+  profit as it built further on its 1985 company restructuring.
+  
+
diff --git a/reuters/test/16088 b/reuters/test/16088
new file mode 100644
index 0000000000000000000000000000000000000000..9b9424f7ebe164cf2d0ca64b3ec0452145f1e921
--- /dev/null
+++ b/reuters/test/16088
@@ -0,0 +1,25 @@
+JAPAN WARNS U.S. IT MAY RETALIATE IN TRADE DISPUTE
+  Japan warned the United States it may
+  take retaliatory measures if the United States imposes its
+  planned trade sanctions on April 17, a senior government
+  official said.
+      Shinji Fukukawa, Vice Minister of the International Trade
+  and Industry Ministry, said in a statement Japan would consider
+  measures under the General Agreement on Tariffs and Trade and
+  other actions if the United States imposes 100 pct tariffs on
+  some Japanese exports as planned next week.
+      However, Fukukawa said Japan was ready to continue trade
+  talks with the United States despite its failure to convince
+  America to call off the threatened tariffs during two days of
+  emergency talks which ended in Washington yesterday.
+      Last month President Reagan announced the sanctions in
+  retaliation for what he called Japan's failure to honour a July
+  1986 agreement to stop dumping computer microchips in markets
+  outside the United States and to open its home market to
+  American goods.
+      Fukukawa said the United States had regrettably not
+  listened to Japan's explanation of its efforts to live up the
+  pact and said Washington had not given any detailed explanation
+  of why it planned to impose the tariffs.
+  
+
diff --git a/reuters/test/16091 b/reuters/test/16091
new file mode 100644
index 0000000000000000000000000000000000000000..7d6bf2f019185f452849d919723998ca0d98eadf
--- /dev/null
+++ b/reuters/test/16091
@@ -0,0 +1,14 @@
+KUWAIT INCREASES STAKE IN SIME DARBY
+  The Kuwait Investment Office (KIO)
+  has increased its stake in <Sime Darby Bhd> to 63.72 mln
+  shares, representing 6.88 pct of Sime Darby's paid-up capital,
+  from 60.7 mln shares, Malayan Banking Bhd <MBKM.SI> said.
+      Since last November, KIO has been aggressively in the open
+  market buying shares in Sime Darby, a major corporation with
+  interests in insurance, property development, plantations and
+  manufacturing.
+      The shares will be registered in the name of Malayan
+  Banking subsidiary Mayban (Nominees) Sdn Bhd, with KIO as the
+  beneficial owner.
+  
+
diff --git a/reuters/test/16093 b/reuters/test/16093
new file mode 100644
index 0000000000000000000000000000000000000000..ca9cf74b419fca4fac8d82eb97f96f27e130bdac
--- /dev/null
+++ b/reuters/test/16093
@@ -0,0 +1,43 @@
+SMUGGLING BLAMED FOR CLOSURE OF HAITIAN SUGAR FIRM
+  A sugar mill which was this
+  nation's second largest employer closed its doors yesterday,
+  saying it had been run out of business by sugar smuggled from
+  Miami and the neighbouring Dominican Republic.
+      The closure of the Haitian American Sugar Company (HASCO)
+  will idle 3,500 employees and affect as many as 30,000 to
+  40,000 small sugar cane planters in regions around the capital,
+  the company said.
+      "Because of unprecedented and ever-growing smuggling, HASCO
+  regrets ... It cannot continue to accept delivery of sugar cane
+  after April 10," the mill warned planters earlier this week.
+      Since President Jean-Claude Duvalier fled Haiti fourteen
+  months ago, widescale smuggling of basic goods such as cooking
+  oil, flour, rice, sugar and canned milk has lowered consumer
+  prices but bankrupted several local manufacturers, throwing
+  hundreds of thousands of Haitians out of work.
+      At the HASCO compound, where grim-faced workers lined up to
+  receive their last pay, Spokesman Georges D. Rigaud showed a
+  warehouse stocked with an estimated 445,000 unsold 100-pound
+  (45-kg) bags of sugar.
+      "We are closing because of our huge stock of unsold sugar.
+  We have no money left to continue operations," Rigaud said.
+      He said the company owed 7.6 mln dlrs and had borrowed an
+  additional 1.5 mln dlrs in order to pay off workers.
+      Rigaud blamed the mill's problems on an order by Duvalier
+  two years ago forbidding HASCO from refining sugar.
+      He said the government then began importing refined sugar
+  at world market prices and reselling it at a huge profit and
+  the provisional military-civilian government that replaced
+  Duvalier last year continued the policy.
+      "But now with all the smuggling even the state can't compete
+  with smuggled Dominican refined sugar," Rigaud said.
+      HASCO workers earned 4.20 dlrs daily, considerably above
+  the usual minimum wage of three dlrs.
+      It is generally estimated that every employed Haitian
+  supports at least six people. Rigaud said HASCO's closing at a
+  minimum would affect 280,000 to 300,000 people.
+      Laid-off workers were bitter about the closure. "We're dead,
+  and it's the government that's causing us to die," declared
+  Lucien Felix, 34, who has five dependents.
+  
+
diff --git a/reuters/test/16094 b/reuters/test/16094
new file mode 100644
index 0000000000000000000000000000000000000000..8f622daf245dc5c5566e8846152827420d0021c7
--- /dev/null
+++ b/reuters/test/16094
@@ -0,0 +1,45 @@
+TAIWAN ANNOUNCES NEW ROUND OF IMPORT TARIFF CUTS
+  Taiwan announced plans for another round
+  of import tariff cuts on 862 foreign goods shortly before trade
+  talks with Washington which officials described as a move to
+  help balance trade with the United States.
+      Wang Der-Hwa, Deputy Director of the Finance Ministry's
+  Customs Administration Department, told reporters the list of
+  products included 60 items asked by Washington.
+      "The move is part of our government efforts to encourage
+  imports from our trading partners, particularly from the United
+  States," he said.
+      He said the ministry sent a proposal today to the cabinet
+  that the tariffs on such products as cosmetics, bicycles,
+  apples, radios, garments, soybeans and television sets be cut
+  by between five and 50 pct.
+      The cabinet was expected to give its approval next Thursday
+  and the new tariff cuts would be implemented possibly starting
+  on April 20, he added.
+      Taiwan introduced a sweeping tariff cut on some 1,700
+  foreign products last January aimed at helping reduce its
+  growing trade surplus with the United States, the island's
+  largest trading partner.
+      Washington however was not satisfied with the cuts and
+  pressed for more reductions as a way of cutting its huge trade
+  deficit with Taipei.
+      Washington's deficit with Taipei rose to a record 13.6
+  billion U.S. Dlrs last year from 10.2 billion in 1985. It
+  widened to 3.61 billion in the first quarter of 1987 from 2.78
+  billion a year earlier, Taiwan's official figures show.
+      Today's announcement came before a departure later today of
+  a 15-member Taiwan delegation for Washington for a series of
+  trade talks with U.S. Officials.
+      The delegation's leader, Vincent Siew, told reporters last
+  night he was leaving with "a heavy heart," meaning that he would
+  face tough talks in Washington because of rising protectionist
+  sentiments in the U.S. Congress. Taiwan's 1986 trade surplus
+  with Washington was the third largest, after Japan and Canada.
+      Siew said the talks, starting on April 14, would cover U.S.
+  Calls for Taiwan to open its market to American products,
+  purchases of major U.S. Machinery and power plant equipment,
+  import tariff cuts and protection of intellectual property.
+      "I am afraid this time we have to give more than take from
+  our talks with the U.S.," he said without elaborating.
+  
+
diff --git a/reuters/test/16095 b/reuters/test/16095
new file mode 100644
index 0000000000000000000000000000000000000000..1010dc185415feb43e7790a8fdd160cdac477050
--- /dev/null
+++ b/reuters/test/16095
@@ -0,0 +1,50 @@
+BRITISH MINISTER SAYS HE WARNED TOKYO OF SANCTIONS
+  A British minister said he had given the
+  Japanese government a clear warning of sanctions against
+  Japanese companies if Tokyo did not allow more access to its
+  internal markets "and it was clearly understood."
+      Corporate Affairs Minister Michael Howard said on his
+  return from a visit to Japan he thought the Japanese were
+  beginning to appreciate the need to be "fair and open" about
+  access to their own markets.
+      At an airport news conference Howard denied opposition
+  charges that his trip had been a failure because he had
+  returned empty-handed.
+      "I did what I set out to do. I was sent to deliver a clear
+  message to the Japanese government, and I delivered it very
+  clearly, and it has been clearly understood."
+      Howard said that under the Financial Services Act the
+  govenment had considerable flexibility in taking sanctions
+  against Japanese companies and finance houses operating in
+  Britain.
+      "It is not simply a question of withdrawing or refusing
+  operating licences. We can ban firms from certain countries
+  from carrying out certain kinds of business, while allowing
+  them to carry out other kinds."
+      "I hope we don't have to use these powers, but I made it
+  clear in Japan that if our timetable isn't met, we shall use
+  them."
+      He said it would be unfortunate if Britain and Japan became
+  involved in a tit-for-tat exchange, adding that Japan gained
+  more than anyone else from an open trading relationship.
+      "I think they are beginning to appreciate that if this
+  relationship is to continue, it is very important for them to
+  be fair and open about access to their own markets."
+      On the question of the British firm Cable and Wireless Plc
+  <CAWL.L>, which is trying to win a significant share of
+  telecommunications contracts in Japan, Howard said he had told
+  the Japanese this was being widely regarded as a test case.
+      He said there were signs of movement on the case. Cable and
+  Wireless was due to take part in talks in Japan next Tuesday,
+  he said.
+      Earlier this week British Prime Minister Margaret Thatcher
+  said Britain could not go it alone on sanctions against Japan,
+  but would have to coordinate action with its European Community
+  partners.
+      Community sources said after a meeting of trade officials
+  yesterday that the group might impose steep new tariffs on a
+  range of Japanese goods to prevent diversion from United States
+  markets if Washington imposes trade sanctions against Tokyo as
+  it has threatened.
+  
+
diff --git a/reuters/test/16096 b/reuters/test/16096
new file mode 100644
index 0000000000000000000000000000000000000000..56902ea8cdc5746b58147c3bd09384698c931e4e
--- /dev/null
+++ b/reuters/test/16096
@@ -0,0 +1,13 @@
+YIELD RISES ON 30-DAY SAMA DEPOSITS
+  The yield on 30-day Bankers Security
+  Deposit Accounts issued this week by the Saudi Arabian Monetary
+  Agency (SAMA) rose by more than 1/8 point to 5.95913 pct from
+  5.79348 a week ago, bankers said.
+      SAMA decreased the offer price on the 900 mln riyal issue
+  to 99.50586 from 99.51953 last Saturday. Like-dated interbank
+  deposits were quoted today at 6-3/8, 1/8 pct -- 1/8 point
+  higher than last Saturday.
+      SAMA offers a total of 1.9 billion riyals in 30, 91 and
+  180-day paper to banks in the kingdom each week.
+  
+
diff --git a/reuters/test/16097 b/reuters/test/16097
new file mode 100644
index 0000000000000000000000000000000000000000..99a1fe90771d63f1def4dff1dd5f452f6ee30fba
--- /dev/null
+++ b/reuters/test/16097
@@ -0,0 +1,33 @@
+UGANDA PULLS OUT OF COFFEE MARKET - TRADE SOURCES
+  Uganda's Coffee Marketing Board (CMB)
+  has stopped offering coffee on the international market because
+  it is unhappy with current prices, coffee trade sources said.
+      The board suspended offerings last week but because of its
+  urgent need for cash it was not immediately clear how long it
+  could sustain, the sources added.
+      Hundreds of Ugandan coffee farmers and processors have been
+  waiting several months for payment from the CMB, which has had
+  trouble finding enough railway wagons to move the coffee to the
+  Kenyan port of Mombasa.
+      Foreign banks have contributed to the cash crisis by
+  holding up remittance of Uganda's hard currency earnings from
+  coffee exports, the government newspaper New Vision said.
+      The banks are holding up to seven mln dlrs in coffee money
+  and President Yoweri Museveni is thinking of imposing a penalty
+  for such delays, it added.
+      Banking sources said a third factor in the crisis was that
+  commercial banks have lent the board only 77 billion shillings
+  -- the equivalent of 55 mln dlrs -- for crop finance in the
+  current coffee year, while the government had asked for 100
+  billion.
+      The CMB has 455,000 60-kg bags of coffee, about 15 pct of
+  annual production, stockpiled in Kampala awaiting shipment.
+      The crop accounts for over 90 pct of Uganda's export
+  earnings and the recent slide in prices to four-year lows is
+  likely to more than offset an expected increase in production.
+      CMB officials have forecast that because the government has
+  restored law and order in important growing areas, Uganda will
+  produce over three mln bags of coffee in the year ending
+  September 30, about 25 pct more than in 1985/6.
+  
+
diff --git a/reuters/test/16098 b/reuters/test/16098
new file mode 100644
index 0000000000000000000000000000000000000000..77405b394291bc9bb1b86e754d7552c0bbb6845b
--- /dev/null
+++ b/reuters/test/16098
@@ -0,0 +1,8 @@
+W.GERMAN COCOA GRIND UP 2.9 PCT IN FIRST QUARTER
+  The West German cocoa grind rose 2.9
+  pct to 55,190 tonnes in the first quarter of 1987 from 53,643
+  tonnes in the same quarter of of 1986, the Bonn-based
+  Confectionery Industry Association said in a statement.
+   REUTER TAW
+  
+
diff --git a/reuters/test/16099 b/reuters/test/16099
new file mode 100644
index 0000000000000000000000000000000000000000..7a1b246b8187c25db426b6b68a014adb329c873b
--- /dev/null
+++ b/reuters/test/16099
@@ -0,0 +1,30 @@
+DRY SPELL IN PHILIPPINES DAMAGES AGRICULTURE CROPS
+  A prolonged dry spell has damaged
+  111,350 hectares of rice and corn plantations in 10 provinces
+  in the central and southern Philippines, agriculture officials
+  said.
+      They said some 71,070 tonnes of agricultural produce
+  estimated at about 250 mln pesos was lost to the lack of
+  rainfall. They warned of a severe drought if the prevailing
+  conditions continued until next month.
+      Agriculture Secretary Carlos Dominguez said he hoped the
+  losses would be offset by the expected increase in output in
+  other, normally more productive areas not affected by the dry
+  spell.
+      Affected were 14,030 hectares of palay (unmilled rice),
+  representing a production loss of 22,250 tonnes valued at 77.8
+  mln pesos, Department of Agriculture reports said.
+      About 48,820 tonnes of corn from 97,320 hectares valued at
+  170.8 mln pesos have also been lost, they said.
+      Officials said the hectarage planted to palay that has been
+  hit by the drought accounted for only one pct of national total
+  thus the damage is considered negligible.
+      In the case of corn, they said the loss can be filled by
+  production from non-traditional corn farms which diversified
+  into the cash crop from sugar two years ago.
+       The Philippine Coconut Authority said coconut production
+  in the major producing region of Bicol might drop by 25 pct to
+  320,000 tonnes if the dry spell continued. There were no
+  reports of actual damage.
+  
+
diff --git a/reuters/test/16100 b/reuters/test/16100
new file mode 100644
index 0000000000000000000000000000000000000000..b8f70deb6880c814507ee75ec8925206b0978010
--- /dev/null
+++ b/reuters/test/16100
@@ -0,0 +1,10 @@
+SPANISH UNEMPLOYMENT FALLS SLIGHTLY IN MARCH
+  Spain's registered unemployment fell by
+  10,465 people to 2.97 mln or 21.4 pct of the workforce in
+  March, Labour Ministry figures show.
+      Registered unemployment in February was 2.98 mln people, or
+  21.5 pct of the workforce.
+      The figures were nonetheless higher than those for March
+  1986 -- 2.8 mln people and 21 pct of the workforce.
+  
+
diff --git a/reuters/test/16103 b/reuters/test/16103
new file mode 100644
index 0000000000000000000000000000000000000000..d8c019408a23441fa38daaa1378c8e9575b048fc
--- /dev/null
+++ b/reuters/test/16103
@@ -0,0 +1,31 @@
+HUNGARY RAISES PRICES IN EFFORT TO CURB DEFICIT
+  Hungary has announced sharp price
+  increases for a range of food and consumer products as part of
+  its efforts to curb a soaring budget deficit.
+      The official MTI news agency said the government decided
+  consumer price subsidies had to be cut to reduce state
+  spending. From today the price of meat will rise by an average
+  18 pct and that of beer and spirits by 10 pct, MTI said.
+      MTI said consumer goods will also become more expensive,
+  with the price of refrigerators rising some five pct. It also
+  announced a number of measures to ease hardship, including
+  higher pensions and family allowances.
+      Statistics indicate the budget deficit tripled in 1986 to
+  47 billion forints. Central banker Janos Fekete has said the
+  Finance Ministry is trying to cut the 1987 shortfall to between
+  30 and 35 billion from a planned 43.8 billion.
+      A major tax reform, including the introduction of a
+  Western-style valued added tax, is planned for January 1988 in
+  an effort to cure problems in state spending.
+      But diplomats said the latest announcement shows the
+  authorities were forced to act quickly to keep this year's
+  deficit under control.
+      The measures are also aimed at cooling an overheated
+  economy, and could help dampen Hungarians' appetite for
+  imported Western goods which consume increasingly expensive
+  hard currency, the diplomats said.
+      The diplomats also said, however, that they did not expect
+  the kind of social unrest that followed sharp price rises in
+  other East Bloc states, notably Poland.
+  
+
diff --git a/reuters/test/16106 b/reuters/test/16106
new file mode 100644
index 0000000000000000000000000000000000000000..3cf2df48d28e071c35565b2f9064e25047160c6e
--- /dev/null
+++ b/reuters/test/16106
@@ -0,0 +1,5 @@
+BANK OF JAPAN ACTIVELY BUYING DOLLARS AT AROUND 142.20 YEN IN TOKYO - DEALERS
+
+  BANK OF JAPAN ACTIVELY BUYING DOLLARS AT AROUND 142.20 YEN IN TOKYO - DEALERS
+  
+
diff --git a/reuters/test/16107 b/reuters/test/16107
new file mode 100644
index 0000000000000000000000000000000000000000..28351e99f3e43cdbce0b4eeaa70834638a312280
--- /dev/null
+++ b/reuters/test/16107
@@ -0,0 +1,14 @@
+CHINA WANTS TO BUY 5,000 TONNES PAKISTANI COTTON
+  China is negotiating with Pakistan to
+  buy 5,000 tonnes of cotton this year, after importing the same
+  amount last year under a barter agreement, Chinese consulate
+  sources said.
+      Chinese ambassador Tian Ding told a meeting of Pakistani
+  industrialists on Thursday that China intended to increase
+  imports from Pakistan to reduce a trade imbalance.
+      Pakistani officials estimate the country's cotton output
+  from the current crop at a record 7.6 mln bales (375 pounds
+  each). Last year's output totalled 7.2 mln bales and domestic
+  consumption was just below three mln bales, they said.
+  
+
diff --git a/reuters/test/16108 b/reuters/test/16108
new file mode 100644
index 0000000000000000000000000000000000000000..57f17bdfb6bc0058fc937141c87c0e3735ea8a13
--- /dev/null
+++ b/reuters/test/16108
@@ -0,0 +1,35 @@
+AUSTRALIAN GOVERNMENT MUST CUT SPENDING, ANZ SAYS
+  The government must announce harsh cuts
+  in spending in its May 14 economic statement if it is to give
+  an adequate response to Australia's economic problems, the ANZ
+  Banking Group Ltd <ANZA.S> said.
+      Cuts of two billion dlrs would be insufficient against the
+  backdrop of a 12 billion dlr government deficit and a 14
+  billion dlr current account deficit, it said in its monthly
+  Business Indicators publication.
+      "For the past two years, the government has struggled with
+  an economic reality that demands measures beyond those which it
+  sees as politically practicable," it said.
+      The political climate meant there would be a continued
+  over-reliance on monetary policy to hold the exchange rate and
+  maintain confidence in economic management, ANZ said.
+      "The cost of this approach is that the much-needed revival
+  of business investment will be further postponed," it said.
+      The economy was now on a modest growth upswing boosted by
+  export and import-replacement industries which had created a
+  false suggestion that the worst adjustments to the balance of
+  payments crisis were past. "Unfortunately, successful adjustment
+  to Australia's deep-seated economic problems remains a
+  long-term process," it said.
+      In its economic forecasts, ANZ said it expected moderate
+  overall economic growth with gross domestic product (GDP)
+  rising 2.7 pct this year and 2.4 pct in 1988.
+      The current account deficit would narrow to five pct of GDP
+  this year and 4.3 pct in 1988 and net foreign debt would grow
+  strongly from 81 billion at the end of 1986 to 97.2 billion at
+  end-1987 and 110.3 billion a year later.
+      Inflation would fall to 8.5 pct in 1987 and 7.5 pct in 1988
+  from 8.9 pct in 1986 and further falls in real wages were
+  expected, ANZ said.
+  
+
diff --git a/reuters/test/16110 b/reuters/test/16110
new file mode 100644
index 0000000000000000000000000000000000000000..5d74eb80c7d845e9d8f1984d3574a43ea8013d82
--- /dev/null
+++ b/reuters/test/16110
@@ -0,0 +1,7 @@
+ELECTROLYTIC REFINING LOWERS COPPER PRICE
+  The Electrolytic Refining and
+  Smelting Co of Australia Pty Ltd said it lowered its ex-works
+  Port Kembla Refinery Copper Price by 20 dlrs to 2,160 dlrs a
+  tonne, effective today.
+  
+
diff --git a/reuters/test/16111 b/reuters/test/16111
new file mode 100644
index 0000000000000000000000000000000000000000..c1aae822af50204627195853c5505e6e0e4b5ea4
--- /dev/null
+++ b/reuters/test/16111
@@ -0,0 +1,14 @@
+JAPAN CENTRAL BANK ACTIVELY BUYS DOLLARS IN TOKYO
+  The Bank of Japan actively bought dollars
+  here in early afternoon trade at around 142.20 yen, dealers
+  said.
+      The central bank had placed buy orders at that level and
+  prevented the dollar from falling when it came under heavy
+  selling pressure from investment trusts and trading houses,
+  they said.
+      However, the intervention failed to boost the U.S. Currency
+  significantly from the 142.20 yen level, they added.
+      The dollar was trading around its midday rate of 142.30
+  yen. It had opened here at 141.85 yen.
+  
+
diff --git a/reuters/test/16112 b/reuters/test/16112
new file mode 100644
index 0000000000000000000000000000000000000000..34a1c226e2800eed4dc2b431dc961854b586e77d
--- /dev/null
+++ b/reuters/test/16112
@@ -0,0 +1,55 @@
+TEXACO SEES BUSINESS LITTLE HIT BY BANKRUPTCY MOVE
+  Texaco Inc <TX> said its decision to
+  file for protection under Chapter 11 of the U.S. Bankruptcy
+  code will not affect the majority of its businesses.
+      It said its subsidiaries, which account for 96 pct of its
+  32.6 billion dlrs in revenues and 79 pct of its net property,
+  plant and equipment, were free of the action.
+      Only parent holding company, Texaco Inc, and operating
+  subsidiaries, Texaco Capital Inc and Texaco Capital N.V, are
+  affected, it said.
+      But the company said it was likely to suspend its 75 cents
+  per share quarterly common stock dividend and halt repayments
+  on debts of some 6.8 billion dlrs.
+      Texaco said it filed for Chaper 11 because suppliers were
+  demanding cash payments and banks were withholding loans as a
+  result of a legal dispute with Pennzoil Co <PZL>.
+      Texaco is fighting a Texas law requiring it to post a bond
+  of more than 10 billion dlrs before it can appeal a 1985
+  judgment that ruled it illegally interfered with Pennzoil's
+  1984 acquisition of Getty Petroleum Corp <GTY>. The bond almost
+  matches the damages awarded against Texaco.
+      Should Texaco fail to place the bond, Pennzoil could begin
+  to attach its assets to secure the judgment.
+      Last Monday, the Supreme Court overturned a decision to cut
+  Texaco's bond to one billion dlrs, and sent the issue back to
+  the Texas courts.
+      Analysts said the bankruptcy filing effectively froze all
+  Texaco's obligations while it continued to appeal the merits of
+  the Pennzoil lawsuit.
+      "Attempts last week to win a compromise on both the bond
+  issue and the larger dispute failed," James Kinnear, Texaco's
+  president and chief executive officer, told reporters.
+      Kinnear said Pennzoil's disclosure in court papers on
+  Friday that it wanted to extend the bond issue hearing until
+  the end of April, pushed Texaco further towards Chapter 11.
+      Pennzoil had asked Texaco to post a 5.6 billion dlr cash
+  bond and to reduce its dividend to not more than 50 pct of
+  earnings. Pennzoil also wanted assurances that Texaco would not
+  sell any assets, Kinnear said.
+      Texaco offered to put up one billion dlrs in a letter of
+  credit and agreed not to let the value of its assets fall under
+  11.1 billion dlrs, he added.
+      Joseph Jamail, a Houston attorney for Pennzoil, said the
+  company had made its latest settlement offer to Texaco on
+  Saturday and was taken by surprise when Texaco filed for
+  bankruptcy.
+      He declined to reveal the amount of the proposal, citing a
+  confidentiality agreement between the two companies. "Texaco
+  told us they would get back to us but instead they chose to go
+  to bankruptcy court," Jamail said.
+      Attorneys for Pennzoil said they believed the company would
+  prevail in court appeals, adding that Texaco's assets were
+  ample ultimately to pay the Pennzoil judgment in full.
+  
+
diff --git a/reuters/test/16115 b/reuters/test/16115
new file mode 100644
index 0000000000000000000000000000000000000000..ca0023f160bd0243622cdab6fbdceee47add714d
--- /dev/null
+++ b/reuters/test/16115
@@ -0,0 +1,12 @@
+PATON REPORTS U.S. GREEN COFFEE ROASTINGS HIGHER
+  U.S. roastings of green coffee in the
+  week ended April 4 were about 275,000 (60-kilo) bags, including
+  that used for soluble production, compared with 215,000 bags in
+  the corresponding week of last year and about 320,000 bags in
+  the week ended March 28, George Gordon Paton and Co Inc
+  reported.
+      It said cumulative roastings for calendar 1987 now total
+  4,440,000 bags, compared with 4,540,000 bags by this time last
+  year.
+  
+
diff --git a/reuters/test/16117 b/reuters/test/16117
new file mode 100644
index 0000000000000000000000000000000000000000..a9e05f5af91cd50af3cbb9b1e10a33048c8ef553
--- /dev/null
+++ b/reuters/test/16117
@@ -0,0 +1,14 @@
+WESTERN MINING SELLS ACM STAKE
+  Western Mining Corp Holdings Ltd
+  <WMNG.S> (WMC) said it sold its entire holding of 22.13 mln
+  shares in the gold mining company <Australian Consolidated
+  Minerals Ltd> (ACM).
+      WMC gave no details, but stockbrokers said the sale was
+  made at eight dlrs a share on Friday to a number of U.S.,
+  European and Australian investors through WMC's usual brokers.
+      The company purchased the 19.9 pct parcel in early March
+  from Amax Inc <AMX.N> at 6.32 dlrs a share ahead of a
+  one-for-three bonus issue when Amax sold its entire 47 pct
+  stake in ACM to a number of local companies.
+  
+
diff --git a/reuters/test/16118 b/reuters/test/16118
new file mode 100644
index 0000000000000000000000000000000000000000..19c7c37d69d842b94037410a73335b199264fa86
--- /dev/null
+++ b/reuters/test/16118
@@ -0,0 +1,36 @@
+YUGOSLAV ECONOMY WORSENED IN 1986, BANK DATA SHOWS
+  National Bank economic data for 1986
+  shows that Yugoslavia's trade deficit grew, the inflation rate
+  rose, wages were sharply higher, the money supply expanded and
+  the value of the dinar fell.
+      The trade deficit for 1986 was 2.012 billion dlrs, 25.7 pct
+  higher than in 1985. The trend continued in the first three
+  months of this year as exports dropped by 17.8 pct, in hard
+  currency terms, to 2.124 billion dlrs.
+      Yugoslavia this year started quoting trade figures in
+  dinars based on current exchange rates, instead of dollars
+  based on a fixed exchange rate of 264.53 dinars per dollar.
+      Yugoslavia's balance of payments surplus with the
+  convertible currency area fell to 245 mln dlrs in 1986 from 344
+  mln in 1985. The National Bank said the drop was due to a
+  deterioration in trade. Exports to the convertible currency
+  area rose 11.6 pct from 1985, while imports rose 17.8 pct.
+      Retail prices rose an average of 88.1 pct in 1986 while
+  industrial producer prices rose by 70.6 pct, the bank's data
+  showed. The cost of living rose by 89.1 pct.
+      Personal incomes rose by 109 pct in 1986.
+      Prime Minister Branko Mikulic warned in February that wages
+  were too high given the level of productivity.
+      Mikulic introduced a law cutting wages to the level of the
+  last quarter of 1986 and tying future rises to productivity.
+      Bank statistics show the overall 1986 rise in M-1 money
+  supply was 109.1 pct with a year-end position of 3,895.9
+  billion dinars. Yugoslavs have 9.8 billion dlrs worth of
+  foreign currency savings in the country and 20 billion dlrs
+  abroad, mostly owned by workers employed in western Europe.
+      The dinar fell by 73.1 pct against a basket of hard
+  currencies in 1986. The highest depreciation was against the
+  Swiss franc, 85.3 pct, and the lowest against the U.S. Dollar,
+  46.2 pct.
+  
+
diff --git a/reuters/test/16119 b/reuters/test/16119
new file mode 100644
index 0000000000000000000000000000000000000000..155ef2b669128f2b5d09ed3a7d73cc4811014204
--- /dev/null
+++ b/reuters/test/16119
@@ -0,0 +1,24 @@
+ANZ BANK SETS ONE-FOR-TWO BONUS ISSUE
+  Australia and New Zealand Banking
+  Group Ltd <ANZA.S> said it will make a one-for-two bonus issue
+  from its asset revaluation reserve to shareholders registered
+  June 2.
+      The proposed bonus and an increase in authorised capital to
+  one billion one-dlr par shares from 600 mln will be put to
+  shareholders for approval at an extraordinary general meeting
+  on May 26, the ANZ said in a statement.
+      The issue will absorb about 230 mln dlrs of the 260.9 mln
+  standing in the asset revaluation reserve, it said.
+      The bank said that by lowering the dividend rate it expects
+  to maintain the value of dividend payout on the enlarged
+  capital at about the level of its last full year ended
+  September 30. The group paid 31 cents a share and 133.1 mln
+  dlrs in all for that year.
+      Shareholders will also be asked to approve changes in the
+  bank's articles of association to allow it to offer shares in
+  lieu of the interim dividend at a discount of five pct to the
+  market price.
+      The group is the latest to announce a tax-free bonus issue
+  ahead of dividend imputation, effective July 1.
+  
+
diff --git a/reuters/test/16120 b/reuters/test/16120
new file mode 100644
index 0000000000000000000000000000000000000000..d9013d34368e8fe0ef8cc51d21104a68236b1164
--- /dev/null
+++ b/reuters/test/16120
@@ -0,0 +1,9 @@
+UAE CENTRAL BANK CD YIELDS RISE
+  Yields on certificates of deposit
+  (CD) offered by the United Arab Emirates Central Bank were
+  higher than last Monday's offering, the bank said.
+      The one-month CD rose 1/4 point to 6-3/8 pct, while the
+  two, three and six-month maturities rose 5/16 point each to
+  6-7/16, 6-1/2 and 6-5/8 pct respectively.
+  
+
diff --git a/reuters/test/16122 b/reuters/test/16122
new file mode 100644
index 0000000000000000000000000000000000000000..7b0e5b8f6bdf65ba2e005c9bf795cda7a7295347
--- /dev/null
+++ b/reuters/test/16122
@@ -0,0 +1,9 @@
+CHINA SULPHUR-IRON MINE STARTS PRODUCTION
+  China's largest sulphur-iron mine has
+  started trial production at Yunfu in the southern province of
+  Guangdong, the China Daily said.
+      It said the mine has an annual output capacity of three mln
+  tonnes of sulphur-iron ore, which can be used without
+  processing because of its high quality.
+  
+
diff --git a/reuters/test/16123 b/reuters/test/16123
new file mode 100644
index 0000000000000000000000000000000000000000..afcf8b648e193061fc7921a16c89333bd4d551b4
--- /dev/null
+++ b/reuters/test/16123
@@ -0,0 +1,20 @@
+CHINA, CHILE TO BUILD COPPER TUBE PLANT IN CHINA
+  China's state-owned Beijing Non-Ferrous
+  Metals Industrial Corp and <Wrought Copper Ltd> of Chile signed
+  a contract to jointly build a copper tube plant on the
+  outskirts of Peking, the China Daily said.
+      The Beijing-Santiago Copper Tube Co involves an investment
+  of 9.93 mln dlrs and will, on completion, have a production
+  capacity of 5,000 tonnes of copper tubes a year, it said.
+      It said Chile will supply copper at preferential rates to
+  the venture, whose equipment comes from <Wednesbury Tube Co> of
+  U.K.
+      The agreement calls for joint Sino-Chilean management of
+  the venture for 15 years, the paper said.
+      It said the venture is the first economic cooperation
+  project between China and Chile, but gave no more details.
+      China is a major copper importer. Customs figures show it
+  imported 171,118 tonnes of copper and alloy in calendar 1986,
+  down from 355,652 tonnes in 1985.
+  
+
diff --git a/reuters/test/16125 b/reuters/test/16125
new file mode 100644
index 0000000000000000000000000000000000000000..d89e9731037ec6c60b71952c02f648312621111d
--- /dev/null
+++ b/reuters/test/16125
@@ -0,0 +1,14 @@
+SINGAPORE EXTERNAL TRADE GAINS 8.8 PCT IN QUARTER
+  Singapore's external trade grew 8.8
+  pct in first quarter 1987, against a 12.4 pct decline in the
+  same period last year and two pct growth in the previous
+  quarter, the Trade Development Board said.
+      It said exports over the period rose by 8.7 pct to 12.38
+  billion dlrs and imports by 8.9 pct to 14.64 billion for a
+  trade deficit of 2.26 billion, against a 2.06 billion deficit
+  in the same 1986 period and 1.78 billion deficit previously.
+      The growth was attributed to the strength of non-oil trade,
+  especially computers and computer parts, electronic components
+  and garments, it said.
+  
+
diff --git a/reuters/test/16126 b/reuters/test/16126
new file mode 100644
index 0000000000000000000000000000000000000000..ae013378038a9ff815069fdd564488f7e67be555
--- /dev/null
+++ b/reuters/test/16126
@@ -0,0 +1,13 @@
+MALAYSIA'S 1986 MANUFACTURING EXPORTS RISE 24 PCT
+  Malaysia's manufacturing exports
+  rose by 24.5 pct to 15.1 billion ringgit in 1986, chairman of
+  the Export Promotion Council Ahmad Sarji Abdul Hamind said.
+      The improved export performance was led by electrical and
+  electronic products, textiles, footwear, clothing, processed
+  food, timber, chemical and rubber products, he told a news
+  conference.
+      However, total gross exports for the year declined by 5.6
+  pct to 35.9 billion ringgit from 38 billion in 1985 due to a
+  fall in major commodity exports and weak prices, he said.
+  
+
diff --git a/reuters/test/16130 b/reuters/test/16130
new file mode 100644
index 0000000000000000000000000000000000000000..5b6ab0e633f710dadce2245252870fe9ab90faf5
--- /dev/null
+++ b/reuters/test/16130
@@ -0,0 +1,55 @@
+OFFER FOR DOME MAY SHORT-CIRCUIT ITS DEBT TALKS
+  A 3.22 billion dlr offer for Dome
+  Petroleum Ltd <DMP.MO> by TransCanada Pipelines Ltd <TRP.TO>
+  may short-circuit Dome's restructuring plan and open the door
+  for more takeover bids, oil analysts said.
+      Dome is trying to get approval for a plan to refinance debt
+  of more than 4.5 billion dlrs by July 1, 1987, when an interim
+  debt plan that allowed the Canadian oil and gas firm to defer
+  substantial payments to creditors will expire.
+      Analysts said TransCanada's bid signals Dome's debtholders
+  that an alternative exists to Dome's debt plan.
+      Dome announced its plan to 56 major creditors as well as
+  public noteholders in March after several months of delicate
+  negotiations.
+      TransCanada's proposal "amounts to a quasi debt
+  restructuring," oil analyst Doug Gowland of Brown Baldwin Nisker
+  Ltd said from Toronto.
+      Calgary-based Dome's restructuring plan would allow
+  creditors to convert debt to common shares under a formula yet
+  to be negotiated. Payments on remaining debt would be linked to
+  cash flow generated by assets pledged against the debt.
+      "The weakness of the whole debt-refinancing proposal is that
+  even with approval of creditors, there is no assurance that
+  Dome will in fact be able to repay all of its debt obligations,"
+  said Wilf Gobert, an oil analyst for Peters and Co Ltd in
+  Calgary.
+      TransCanada's announcement came as a surprise since Dome
+  was waiting for responses from creditors on its proposed
+  refinancing packages, Gobert said.
+      The TransCanada proposal could open the bidding for Dome
+  since other potential buyers were probably waiting for lenders
+  to agree to a restructuring, he added.
+      "I would think that the debtholders would want to entertain
+  any and all offers (for Dome)," Gobert said.
+      Dome spokesman David Annesley said in New York that
+  TransCanada's announcement could be seen as an attempt to fix
+  the bidding price for Dome and an effort to preclude other
+  possible buyers from making an offer. "By drawing attention to
+  us in our discussions, it means that others may be a little
+  reluctant to come forward," he said.
+      Dome does not consider TransCanada's proposal a formal
+  offer because the pipeline utility's announcement breached a
+  confidential agreement between the two companies, he said.
+      Dome responded to the statement by suspending discussions
+  with TransCanada in order to pursue talks with other
+  unidentified parties. However, Dome said its management and
+  financial advisers would evaluate all proposals, including
+  TransCanada's.
+      Gowland said TransCanada's offer is probably a fair price
+  for the company's 36.1 mln acres of oil and gas land holdings.
+      However, he said not enough financial details are known
+  about Dome's debt restructuring to compare the value of
+  TransCanada's proposed offer.
+  
+
diff --git a/reuters/test/16133 b/reuters/test/16133
new file mode 100644
index 0000000000000000000000000000000000000000..9d5c2f5b26d2214c4e287fb9732b79b9ccefd346
--- /dev/null
+++ b/reuters/test/16133
@@ -0,0 +1,11 @@
+U.K. MONEY MARKET DEFICIT FORECAST AT 400 MLN STG
+  The Bank of England said it forecast a
+  shortage of around 400 mln stg in the money market today.
+      Among the main factors affecting liquidity, bills maturing
+  in official hands and the take-up of treasury bills will drain
+  some 1.085 billion stg.
+      Partly offsetting these outflows, a fall in note
+  circulation will add some 340 mln stg, exchequer transactions
+  around 300 mln and bankers' balances above target about 50 mln.
+  
+
diff --git a/reuters/test/16134 b/reuters/test/16134
new file mode 100644
index 0000000000000000000000000000000000000000..e5c83359e3f66a68569caf6324c594b258411b87
--- /dev/null
+++ b/reuters/test/16134
@@ -0,0 +1,10 @@
+BANGLADESH COST OF LIVING INDEX FALLS IN JANUARY
+  Bangladesh's cost of living index fell
+  1.09 pct in January to 479, after a 1.6 pct decline to 484.28
+  in December (1973-74 base 100), the Bureau of Statistics said.
+      The cost of living index fell 0.14 pct to 434.49 in January
+  1986.
+      In the year to January, inflation ran at 10.24 pct after an
+  11.3 pct rate a month earlier and 9.72 pct a year earlier.
+  
+
diff --git a/reuters/test/16136 b/reuters/test/16136
new file mode 100644
index 0000000000000000000000000000000000000000..9d46c9b2e04dfcc374ab9f9949ecc30d043d790a
--- /dev/null
+++ b/reuters/test/16136
@@ -0,0 +1,15 @@
+ROTHMANS DENIES SHARE SALE SPECULATION
+  <Rothmans Holdings (Tobacco) Ltd> said
+  in a sttement there was "no foundation" to press speculation that
+  it would sell its stake in Rothmans International Plc <ROT.L>
+  to Philip Morris Inc <MO.N>, or that it would buy Morris'
+  stake.
+      In the 1986 report, Rothmans International said RHT, which
+  is controlled by <Rupert Foundation SA>, owned 18.25 mln
+  ordinary and 64.37 mln B ordinary shares, or 99.9 pct and 26.1
+  pct respectively.
+      Morris owns 79.8 mln B ordinary shares, or 32.4 pct.
+  Rothmans B shares, which firmed on the speculation to close at
+  273p from 241p on Friday, eased to 245.5p at 0838 GMT.
+  
+
diff --git a/reuters/test/16139 b/reuters/test/16139
new file mode 100644
index 0000000000000000000000000000000000000000..03def2a5580cd82cf94fb71c26807ffb29192f2e
--- /dev/null
+++ b/reuters/test/16139
@@ -0,0 +1,61 @@
+TRADE ISSUES STRAINING EC'S PATIENCE WITH JAPAN
+  Member states of the European
+  Community are starting to run out of patience with Japan which
+  they believe has repeatedly promised major initiatives to open
+  its market to imports, but as often made only minor moves.
+      Diplomatic sources here said several recent actions by EC
+  countries bear witness to a new disillusionment with the
+  willingness, or at least the ability, of the Japanese
+  government to reduce its massive trade surplus with the EC.
+      However, they said an all-out trade war may be far off, as
+  EC states know they would suffer almost as much as Japan.
+      Senior EC diplomats gave a generally favourable reaction to
+  an EC executive commission proposal under which the EC could
+  raise tariffs on a range of Japanese products if the U.S.
+  Carries out a threat to make a similar move on April 17.
+      The EC tariffs, which would involve renouncing obligations
+  entered into with the world trade body GATT, would be designed
+  to stop a diversion of exports to the EC market from that of
+  the U.S.
+      The diplomats were meeting as Tokyo announced that the EC's
+  trade deficit with Japan reached a record 2.13 billion dlrs in
+  March, up from 1.94 billion in February.
+      In 1986, Japanese exports to the EC totalled 30.67 billion
+  dlrs, up 4.5 pct from 1985, while EC exports to Japan fell one
+  pct to 12.43 billion dlrs.
+      In Paris, trade minister Michel Noir said France has
+  decided to give Japan a taste of its own medicine.
+      Burgeoning imports of microwave ovens and of frozen
+  Coquilles St Jacques will be restricted by a strict application
+  of French quality standards -- something EC states say often
+  happens to their own exports entering Japan.
+      Britain has threatened to withdraw the licences of Japanese
+  banks and insurance companies to operate in the City of London,
+  because the British Cable and Wireless company lost out in
+  competition for a Japanese telecommucations contract.
+      However, British officials in London have said that the
+  government may have gone too far in implying that it would take
+  immediate drastic action unless the contract was reopened.
+      By contrast, West Germany, with the EC's most successful
+  economy, has never threatened Tokyo with sanctions, preferring
+  to rely on firm diplomacy and encouragement of its own
+  industries to surmount obstacles to export to Japan.
+      The EC Commission itself has switched its tactics in recent
+  years, substituting general calls for action by Japan to open
+  its market with specific demands for moves in key areas.
+      At present, it is, for instance, pressuring Japan to end
+  allegedly discriminatory taxation of imported wines and
+  spirits, to ensure EC companies have a chance to win contracts
+  for the building of a new international airport, and to
+  simplify certification and safety checks on imported cars.
+      EC officials say these tactics yield some benefits, but
+  often the Japanese announce modifications of their non-tariff
+  barriers which open the door to imports by only a token amount.
+      They stress, however, that any action must be taken by the
+  EC as a whole to stop beggar-my-neighbour action.
+      One of the problems Britain could face if it were to
+  withdraw licences for Japanese banks would be that the bankers
+  would be welcomed with open arms in Frankfurt or Amsterdam,
+  they point out.
+  
+
diff --git a/reuters/test/16140 b/reuters/test/16140
new file mode 100644
index 0000000000000000000000000000000000000000..c4d4bbd49c74104cc38af48da18a76e6e1dd9a97
--- /dev/null
+++ b/reuters/test/16140
@@ -0,0 +1,25 @@
+MORGAN CRUCIBLE SAYS PROSPECTS ARE ENCOURAGING
+  Morgan Crucible Co Plc <MGCR.L> said the
+  prospects for 1987 were encouraging, with orders and sales
+  significantly up on last year in all divisions.
+      It said there were good opportunities for growth in both
+  existing and recently acquired businesses as well as for growth
+  by acquisition in related areas.
+      It earlier announced a 6.1 mln stg rise in pre-tax profit
+  to 24.8 mln stg for the year to December 28. Turnover rose to
+  242.1 mln from 211.5 mln.
+      Most of its companies performed well despite a slowdown in
+  the U.S., U.K. And Australian economies in the first half.
+      Currency fluctuations reduced pretax profit by around one
+  mln stg, it noted.
+      Morgan said although profits in the electronics sector
+  improved to 1.0 mln stg from 100,000 stg previously, results
+  were nonetheless disappointing.
+      Sales were lower than expected, due mainly to delayed
+  defence orders and cancellations. However, it said it had taken
+  the necessary remedial action, obtained new business and was
+  now proceeding with the delivery of major delayed orders.
+      Morgan shares firmed two pence to 318p at 0905 GMT from
+  316p at Friday's close.
+  
+
diff --git a/reuters/test/16141 b/reuters/test/16141
new file mode 100644
index 0000000000000000000000000000000000000000..3cc58fb7e767f39ec7bbf699c8601f4c2295e49f
--- /dev/null
+++ b/reuters/test/16141
@@ -0,0 +1,23 @@
+MORGAN CRUCIBLE PRETAX PROFIT RISES 6.1 MLN STG
+  Year to December 28, 1986
+      Shr 20.1p vs 17.6p
+      Div 5.0p vs 4.6p making 9.2p vs 8.5p
+      Turnover 242.1 mln stg vs 211.5 mln
+      Pretax profit 24.8 mln vs 18.7 mln
+      Tax 6.7 mln vs 5.8 mln
+      Operating profit 28.3 mln vs 21.3 mln
+      Investment income 1.0 mln vs 0.7 mln
+      Net finance charges 4.5 mln vs 3.3 mln
+      Company full name is Morgan Crucible Co Plc <MGCR.L>
+      Minorities and provisions for preference dividends 0.7 mln
+  vs 1.2 mln
+      Extraordinary debit - 0.9 mln vs 1.3 mln credit
+      Operating profit includes -
+      Carbon 8.3 mln vs 7.0 mln
+      Technical ceramics 7.0 mln vs 5.6 mln
+      Thermal ceramics 7.6 mln vs 4.6 mln
+      Speciality chemicals 4.4 mln vs 4.0 mln
+      Electronics 1.0 mln vs 0.1 mln
+  REUTER^M
+  
+
diff --git a/reuters/test/16142 b/reuters/test/16142
new file mode 100644
index 0000000000000000000000000000000000000000..47e028a646a44ec57f502281e7219949339672f6
--- /dev/null
+++ b/reuters/test/16142
@@ -0,0 +1,11 @@
+SWEDISH INDUSTRIAL PRODUCTION RISES SHARPLY
+  Swedish industrial production rose
+  2.6 pct in February, after a 1.8 pct fall in January, showing a
+  4.4 pct rise over February 1986 and reaching its highest level
+  ever, the Central Bureau of Statistics said.
+      The rise reflected recovery in almost all sectors after an
+  exceptionally cold spell in January, the Bureau said, adding
+  that the highest rises were seen in the forest, chemical and
+  metal industries.
+  
+
diff --git a/reuters/test/16143 b/reuters/test/16143
new file mode 100644
index 0000000000000000000000000000000000000000..c8b0734c5d1aa5f688639db092169b3340198890
--- /dev/null
+++ b/reuters/test/16143
@@ -0,0 +1,12 @@
+KENYA DEVALUES SHILLING BY 0.6 PCT AGAINST SDR
+  Kenya devalued the shilling by 0.6 pct
+  against the special drawing right (SDR) in response to the
+  decline of the dollar last last week, bankers said.
+      The Central Bank of Kenya set the shilling at 20.7449 to
+  the SDR compared with the 20.6226 rate in force since the last
+  devaluation on March 31.
+      The Kenyan shilling has lost 5.6 pct of its value against
+  the SDR this year in a series of devaluations designed to keep
+  the value of the dollar above 16 shillings.
+  
+
diff --git a/reuters/test/16144 b/reuters/test/16144
new file mode 100644
index 0000000000000000000000000000000000000000..9506fe60b6e48f38872ba80b402900dc98b0bd64
--- /dev/null
+++ b/reuters/test/16144
@@ -0,0 +1,35 @@
+AWB CHAIRMAN URGES FARMERS NOT TO CUT PLANTINGS
+  Australia could lose valuable wheat
+  markets through lack of availability if plantings for the
+  coming 1987/88 season are significantly reduced, Australian
+  Wheat Board (AWB) chairman Clinton Condon said.
+      "If predictions of a 30 pct decrease in plantings prove
+  true, Australia may not be able to supply wheat to some of its
+  valuable markets," he said in a statement.
+      Condon did not say who had made the predictions, but an AWB
+  spokesman said there was a general industry feeling that
+  farmers, hard hit by low prices and rising costs, could cut
+  back plantings sharply. Wheat sowing normally begins in May.
+      However, Condon said he did not believe plantings would be
+  cut by as much as 30 pct although he realised many farmers were
+  facing enormous financial pressures.
+      He said the AWB expects the area sown to be about 10.7 mln
+  hectares, down from 11.3 mln in 1986/87 when the crop was about
+  16 mln tonnes. Final crop estimates for 1986/87 and planting
+  intentions for 1987/88 are not yet available.
+      If the AWB is unable, because of a short-term cut in
+  plantings, to meet the needs of the markets it has developed
+  with much time and effort, it may have great difficulty selling
+  wheat to those markets in the future, Condon said.
+      "Markets which rely on a steady supply of Australian wheat
+  understand a decrease in production due to drought but they
+  will have difficulty understanding a deliberate decision to
+  decrease production," Condon said.
+      "If Australia wants wheat to continue as a major export
+  income earner, governments and government authorities will need
+  to closely examine ways of contributing to the continuing
+  viability of the wheat industry," he added.
+      Australia's leading wheat markets include China, Egypt,
+  Iran, Iraq, the Soviet Union and Japan.
+  
+
diff --git a/reuters/test/16145 b/reuters/test/16145
new file mode 100644
index 0000000000000000000000000000000000000000..b73f8675e5c87d255fa9493e88056f8373355469
--- /dev/null
+++ b/reuters/test/16145
@@ -0,0 +1,14 @@
+WILLIAMS DETAILS ACCEPTANCES OF NORCROS OFFER
+  <Williams Holdings Plc> said that it had
+  received acceptances for its offer for Norcros Plc <NCRO.L>
+  from the holders of 233,448 Norcros ordinary shares, or 0.18
+  pct, and 180,240 preference shares, or 8.19 pct.
+      Before the 568 mln stg contested bid was launched last
+  month, Williams held 850,000 ordinary shares, or 0.67 pct and
+  since then it had acquired options to buy a further 1.99 mln or
+  1.58 pct.
+      The offer has been extended to April 15. Norcros shares
+  eased 26p to 410p on the announcement while Williams fell to
+  767p from 785p.
+  
+
diff --git a/reuters/test/16146 b/reuters/test/16146
new file mode 100644
index 0000000000000000000000000000000000000000..74292cb0675d1bd61a1f46680614a8645322eb70
--- /dev/null
+++ b/reuters/test/16146
@@ -0,0 +1,37 @@
+DUTCH FEED COMPOUNDER STARTS CASE AGAINST EC LEVY
+  A major animal feed producer, Cehave
+  NV Veghel (CHV), has begun legal proceedings against the
+  application of the European Community grain co-responsibility
+  levy, with the full backing of the Dutch animal grain and feed
+  trade association, Het Comite, association chief executive
+  Peter Pex told Reuters.
+      Oral proceedings were held in the Hague on Friday and the
+  court said it would give its verdict within six weeks. "However,
+  that is the normal wording and we expect the Hague court to
+  refer questions on the interpretation and application of the
+  levy to the European Court of Justice in Luxembourg," Pex added.
+      Het Comite claims the way the levy is applied does not take
+  account of currency cross-rates of exchange and can mean a
+  compounder in one country being asked to pay a higher levy in
+  its own national currency than it received down the chain from
+  the original producer of the grain.
+      "We would like the Business Administration Court in the
+  Hague to ask the Luxembourg Court of Justice not only whether
+  the Dutch Grain Commodity Board, the levy collection agency,
+  has interpreted the levy regulations correctly, but also
+  whether the regulations themselves may contravene European law,"
+  Pex said.
+      "It is only with great regret that we have taken this route,
+  but we have had no political help, and therefore have no option
+  even though it could take years," Pex added.
+      Het Comite asked CHV to act as a test case against the
+  grain levy because the bill the company received from the
+  commodity board included grain from a wide variety of origins
+  and was therefore considered to be the best general basis for a
+  legal challenge to the levy, Pex noted.
+      Het Comite's actions will run in tandem with questions on
+  the levy already posed to the Luxembourg Court in a case
+  brought by the Association of European Animal Feed
+  Manufacturers, FEFAC.
+  
+
diff --git a/reuters/test/16147 b/reuters/test/16147
new file mode 100644
index 0000000000000000000000000000000000000000..83cab205f338163fa9efd151106e5573b7ff9537
--- /dev/null
+++ b/reuters/test/16147
@@ -0,0 +1,22 @@
+CHINA RAISES GRAIN PURCHASE PRICES
+  China has raised the state purchase
+  prices of corn, rice, cottonseed and shelled peanuts from April
+  1 to encourage farmers to grow them, the official China
+  Commercial Daily said.
+      The paper said the price paid for corn from 14 northern
+  provinces, cities and regions has increased by one yuan per 50
+  kg. A foreign agricultural expert said the rise will take the
+  price to 17 fen per jin (0.5 kg) from 16 fen.
+      The paper said the price for long-grained rice from 10
+  southern provinces and cities was raised by 1.5 yuan per 50 kg.
+      The paper said the price for round-grained rice from 11
+  provinces, regions and cities in central, east and northwest
+  China has been increased by 1.75 yuan per 50 kg. It gave no
+  more price details.
+      It said local authorities must inform farmers of the price
+  increases before farmers begin planting, to encourage
+  production of grains and oilseeds.
+      Chinese officials have said farmers are unwilling to grow
+  grain because they can earn more from other crops.
+  
+
diff --git a/reuters/test/16148 b/reuters/test/16148
new file mode 100644
index 0000000000000000000000000000000000000000..8237f79522cb05c29bd49282231d62af707c9308
--- /dev/null
+++ b/reuters/test/16148
@@ -0,0 +1,15 @@
+WEST GERMAN COCOA GRINDINGS WITHIN EXPECTATIONS
+  West German first quarter cocoa
+  grindings, which rose 2.9 pct from the same 1986 quarter, were
+  within expectations, trade sources said.
+      They described the results, announced Saturday, as normal
+  and unspectacular, considering that the grind in the fourth
+  quarter was rather high and some was carried over into the
+  first quarter.
+      Grindings rose to 55,190 tonnes from 53,643 in the first
+  1986 quarter. A spokesman for the Confectionery Industry
+  Association said that West German grindings are expected to
+  stay relatively high in comparison to other West European
+  countries.
+  
+
diff --git a/reuters/test/16149 b/reuters/test/16149
new file mode 100644
index 0000000000000000000000000000000000000000..33ccc82b16931be8d3ac603c1ff59c02f96774c0
--- /dev/null
+++ b/reuters/test/16149
@@ -0,0 +1,13 @@
+ST.GOBAIN UNIT ISSUES ECU BOND WITH GOLD WARRANTS
+  St.Gobain Netherlands, guaranteed by Cie
+  de St.Gobain, is issuing a 75 mln ECU bond with gold warrants
+  attached, due May 6, 1992 carrying a 4-1/2 pct coupon and
+  priced at par, lead manager Salomon Brothers International Ltd
+  said.
+      Fees comprise 1-1/4 pct selling concession with 5/8 pct for
+  management and underwriting combined. Listing is in Luxembourg.
+      Each 1,000 ECU bond carries one gold warrant exercisable
+  from May 6, 1987 until May 6, 1990 entitling the holder to
+  purchase one ounce at an exercise price of 490 dlrs.
+  
+
diff --git a/reuters/test/16150 b/reuters/test/16150
new file mode 100644
index 0000000000000000000000000000000000000000..89111765297d81b04a362fb53546fc43f625163d
--- /dev/null
+++ b/reuters/test/16150
@@ -0,0 +1,14 @@
+COMMONWEALTH BANK CUTS AUSTRALIA PRIME TO 17.5 PCT
+  The Commonwealth Bank of Australia said
+  it will lower its prime lending rate to 17.5 pct from 18.25,
+  effective April 15.
+      The bank's new rate will be the lowest of Australia's
+  current prime rates. They now range from 17.75 pct to 18.5
+  after a recent series of reductions since late March following
+  an easier trend in short term money market rates.
+      Two of the three other major trading banks now have prime
+  rates of 18 pct and one of 18.25.
+      The Commonwealth's move reverses an increase from 17.5 pct
+  in early February.
+  
+
diff --git a/reuters/test/16152 b/reuters/test/16152
new file mode 100644
index 0000000000000000000000000000000000000000..13c716b3bb4cfb52393bd49e8a6466108eb2b1a5
--- /dev/null
+++ b/reuters/test/16152
@@ -0,0 +1,12 @@
+HEPWORTH SELLS U.S. UNIT TO GLOBE MACHINE
+  Hepworth Ceramic Holdings Plc <HEPC.L>
+  said it had agreed to sell its <Western Plastics Corp> unit to
+  <Globe Machine Manufacturing Co> for 16.25 mln dlrs cash.
+      Western, which makes polystyrene foam and container
+  products, has net assets of 19.3 mln dlrs and reported a 1986
+  pre-tax profit of 0.9 mln.
+      The proceeds of the sale would be used to reduce borrowings
+  and develop activities in the U.K.
+      Hepworth shares eased 0.5p on the announcement to 227.5p.
+  
+
diff --git a/reuters/test/16155 b/reuters/test/16155
new file mode 100644
index 0000000000000000000000000000000000000000..518c513a5e003a6b3d451285d9651657ff01719a
--- /dev/null
+++ b/reuters/test/16155
@@ -0,0 +1,20 @@
+BOND CORP TO ACQUIRE 80 PCT OF MERLIN PETE
+  Bond Corp Holdings Ltd <BONA.S> said it
+  has agreed to acquire an 80 pct stake in <Merlin International
+  Petroleum Corp> from <Crowley Maritime Corp> for 90.8 mln U.S.
+  Dlrs.
+      Of this total, 7.8 mln dlrs is due on exchange of contracts
+  on April 30 and 69 mln on July 7, subject to any regulatory
+  approvals being obtained, Bond said in a statement.
+      The balance of 14 mln dlrs will be paid as required by
+  Merlin for its exploration and production commitments, it said.
+      Bond said Merlin has a 6.25 pct working interest plus a 2.5
+  pct reversionary interest in the Papua New Guinea permit,
+  PPL-17, the site of the Iagifu oil discovery.
+      Merlin also has a 12.5 pct stake in the adjacent Papuan
+  Basin permit, PPL-18, which contains the Juha gas and
+  condensate discovery.
+      In addition to Papua New Guinea, Merlin has petroleum
+  exploration and production interests in the U.S., Bond added.
+  
+
diff --git a/reuters/test/16158 b/reuters/test/16158
new file mode 100644
index 0000000000000000000000000000000000000000..e55202c11b3a557b6577766b9bd955cf15d6387b
--- /dev/null
+++ b/reuters/test/16158
@@ -0,0 +1,76 @@
+INSTITUTES DIVIDED ON OUTLOOK FOR GERMAN ECONOMY
+  The five leading West German economic
+  research institutes have failed to agree about how strongly the
+  domestic economy will expand this year but revised down
+  forecasts contained in a report published six months ago.
+      The three research groups of Kiel, Hamburg and Essen
+  predicted in the institutes' joint spring report that gross
+  national product (GNP) would rise by two pct in 1987, compared
+  with 2.4 pct in 1986. The five institutes had jointly forecast
+  three pct 1987 growth in October last year.
+      Taking a dissenting view, the DIW institute of West Berlin
+  and Munich's Ifo institute predicted only one pct 1987 growth.
+      The joint report said that the estimates of economic
+  development made by the DIW and Ifo were "markedly less
+  favourable" than those of the other three.
+      The DIW and Ifo forecast the economy would pick up after a
+  slow start to the year. "In the second half of 1987 there will,
+  however, only be a weak upward movement," they said.
+      The two institutes said external economic factors which
+  were currently damaging exports and pushing up imports would
+  dominate the economic environment throughout the year. They saw
+  exports falling by a real 2-1/2 pct in 1987 and predicted no
+  marked improvement in the course of the year.
+      The other three institutes, however, wrote: "The decline in
+  demand and production (seen) in the winter months does not
+  indicate the beginning of a cyclical downswing."
+      They said the sharp rise of the mark had led to corporate
+  uncertainty and companies had not carried out investment plans.
+  But they expected that many investments had not been cancelled
+  but only put off. "It can be presumed that the braking actions
+  (on the economy) will diminish markedly this year."
+      They added: "The domestic prerequisites for a continuation
+  of the economic uptrend are still favourable."
+      These three institutes said diminishing external burdens
+  combined with favourable domestic conditions meant an upturn in
+  demand and production could be expected by the spring.
+      However, this projection was clouded by risks including the
+  further development of the mark against the dollar.
+      Contrary to the DIW and Ifo, the three institutes said that
+  while exports would continue to be the weak point of the
+  economy in 1987, "there is good reason to believe that exports
+  will soon bottom out and that a slight rise will emerge during
+  the course of the year." They predicted an overall 0.5 pct fall
+  in exports in 1987, the same as in 1986.
+      The three more positive institutes saw private consumption
+  rising by four pct in 1987, compared with 4.2 pct in 1986,
+  while DIW and Ifo predicted a three pct increase.
+      They saw the climate for equipment investment improving but
+  predicted only a rise of four pct in 1987 against 4.6 pct in
+  1986. Ifo and DIW saw these investments rising by only two pct.
+      All the institutes predicted only a slight decline in
+  unemployment. The Kiel, Hamburg and Essen institutes said the
+  jobless total would average 2.17 mln in 1987 compared with 2.23
+  mln in 1986 and predicted a rise in the number of people in
+  work of about 200,000.
+      These three institutes said new jobs would be created
+  mainly in the private services sector and also by the state in
+  the context of job creation measures. The construction industry
+  was likely to engage new workers for the first time since 1980
+  but they predicted either no rise in employment in the
+  manufactured goods industry or only a slight expansion.
+      The DIW and Ifo said rises in employment would occur only
+  in the tertiary sector, while "the number employed in the
+  manufacturing industry will decline."
+      The DIW and Ifo said unemployment would only decline to
+  2.20 mln in 1987 from 2.23 mln in 1986.
+      They saw the current account surplus falling in 1987 to 58
+  billion marks from 78 billion in 1986. The other three saw a
+  current account surplus in 1987 of at least 60 billion marks
+  and predicted that the trade surplus would fall to only around
+  100 billion marks from 112 billion in 1986.
+      The institutes agreed that consumer prices would start to
+  rise in 1987, after they declined in 1986, and all five
+  predicted an average increase over the year of 0.5 pct.
+  
+
diff --git a/reuters/test/16159 b/reuters/test/16159
new file mode 100644
index 0000000000000000000000000000000000000000..8a2543609d4291ffe39578c8e2b0ccfa314acd9d
--- /dev/null
+++ b/reuters/test/16159
@@ -0,0 +1,15 @@
+BLUE ARROW TO BUY U.S. RICHARDS COMPANIES
+  <Blue Arrow Plc> said it had agreed
+  terms to acquire a group of U.S. Companies collectively known
+  as the <Richards Companies>, which specialise in executive
+  recruitment and management consultancy on personnel matters.
+      The total consideration will be 29 mln U.S. Dlrs of which
+  50 pct will be payable in cash and 50 pct by the issue of 1.36
+  mln new ordinary shares in Blue Arrow.
+      The Richard Companies made a pre-tax profit of 3.6 mln dlrs
+  in the year to end-1986, on turnover of 7.1 mln dlrs with net
+  tangible assets at the end of 1986 of 3.4 mln dlrs.
+      Blue Arrow shares were trading 9p lower at 670 this
+  morning.
+  
+
diff --git a/reuters/test/16161 b/reuters/test/16161
new file mode 100644
index 0000000000000000000000000000000000000000..080743200c0ba8c46d7a078d9604b4e1bed5abbe
--- /dev/null
+++ b/reuters/test/16161
@@ -0,0 +1,23 @@
+SAUDI RIYAL DEPOSITS SURGE ON U.S. RATE RISE
+  Saudi riyal interbank deposit rates
+  surged across the board as banks tried to build long positions
+  in anticipation of a further rise in U.S. Interest rates,
+  dealers said.
+      They said traders expected riyal deposits to follow the
+  recent strong rise in eurodollar rates sparked by fears of a
+  tighter U.S. Monetary policy to halt the dollar's slide.
+      "There was a wave of panic buying early in the morning as
+  people tried to cover gaps and build long riyal positions," said
+  one dealer. As a result, riyal deposits were strongly bid and
+  traders scrambled for any available offers.
+      One-way trade focused mainly on the fixed periods but short
+  dates also rose, dealers said. Spot-next and one-week deposits
+  climbed to 6-5/8, 1/8 pct from 6-3/8, six on Sunday.
+      One-month deposits rose to 6-1/2, 3/8 pct from 6-1/4, six
+  and three-month deposits climbed to 6-3/4, 5/8 pct from 6-9/16,
+  7/16. Six-month deposits also firmed to 7-1/8, seven pct from
+  7-1/16, 6-7/8 on Sunday.
+      The spot riyal was steady at 3.7500/03 to the dollar after
+  quotes of 3.7498/7503 yesterday.
+  
+
diff --git a/reuters/test/16162 b/reuters/test/16162
new file mode 100644
index 0000000000000000000000000000000000000000..c4559f01123fb41ef71cc60f4c96a2023ffb67fb
--- /dev/null
+++ b/reuters/test/16162
@@ -0,0 +1,20 @@
+LONDON GOLD MORNING FIX HIGHEST SINCE OCTOBER
+  Gold bullion continued to move higher
+  supported by good general buying and was fixed this morning at
+  436.50 dlrs, 268.368 stg, an ounce, up from Friday's close of
+  432.00/50, dealers said.
+      The setting was the highest since October 8 as gold built
+  on Friday's gains, which had been based on the weakness of the
+  dollar and fears of a trade war between the United States and
+  Japan.
+      It opened slightly firmer at 433.50/434.00 and moved up
+  steadily during the morning supported by commission house and
+  trade buying, dealers said.
+      Dealers said there was resistance around 440.00 but with
+  sentiment still firm some traders believe the rally may even
+  take gold as high as 500 dlrs.
+      Platinum was fixed this morning at 583.50 dlrs an ounce, up
+  from Friday's close of 578.50/580.50, and also the highest
+  setting since October.
+  
+
diff --git a/reuters/test/16163 b/reuters/test/16163
new file mode 100644
index 0000000000000000000000000000000000000000..5949337fbaf0dfe8565d65b212b64cf245a40ae3
--- /dev/null
+++ b/reuters/test/16163
@@ -0,0 +1,71 @@
+BORG-WARNER AGREES TO BUYOUT BY MERRILL LYNCH FIRM
+  Borg-Warner <BOR> Corp, facing an
+  unwanted offer from GAF Corp <GAF>, agreed to a 4.23 billion
+  dlr buyout offer from a company to be formed by <Merrill Lynch
+  Capital Partners Inc>.
+      Borg-Warner and Merrill said yesterday they entered a
+  definitive merger agreement, under which a subsidiary of the
+  new company, <AV Holdings Corp>, will begin a 48.50 dlr per
+  share cash tender offer today for 77.6 mln shares or 89 pct of
+  Borg-Warner common stock.
+      The offer will be followed by a merger in which each
+  remaining share will be converted into 19.75 dlrs cash and
+  54.25 dlrs principal amount of AV Holdings junior subordinated
+  discount debentures.
+      As a result of the merger, Borg-Warner will become a wholly
+  owned subsidiary of AV Holdings. A Borg-Warner spokeswoman said
+  members of management do not plan to participate in the
+  transaction, but they will retain their positions with the
+  company.
+      A spokesman for GAF was unavailable for comment. GAF holds
+  19.9 pct of Borg-Warner's shares.
+      GAF had said it would offer 46 dlrs per share.
+      Borg-Warner's spokeswoman said the company still plans to
+  sell its financial services unit, which includes Wells Fargo
+  security guards, and the Chilton Corp, a credit rating service.
+      Borg-Warner has been the focus of takeover speculation for
+  about a year. Corporate raider Irwin Jacobs last year proposed
+  a takeover of the firm and until recently held 10 pct of the
+  stock. Following the GAF offer, analysts had calculated breakup
+  values for the company in the low 50 dlrs per share range and
+  speculated an offer would have to be sweetened.
+      In its statement, Borg-Warner said its board endorsed the
+  Merrill offer and it recommended that shareholders tender their
+  shares. The board received opinions on the offer from its
+  advisors, First Boston Corp and Goldman, Sachs and Co.
+      James Burke, president of Merrill Lynch Capital Partners,
+  said, "We are very pleased to have entered into this transaction
+  with Borg-Warner. We are looking forward to working with the
+  employees of Borg-Warner and to Borg-Warner maintaining its
+  strong presence in the Chicago community."
+      Merrill Lynch will be the dealer-manager for the offer,
+  which expires at midnight EDT May 8 (0400 GMT, May 9), subject
+  to conditions, including the completion of necessary financing
+  arrangements.
+      The offer is also subject to a minimum 44.25 mln shares, or
+  51 pct of the outstanding shares, being tendered.
+      Merrill Lynch and certain affiliates have committed to
+  provide 200 mln dlrs in AV Holdings equity and 870 mln in
+  subordinated financing and forward underwriting commitments.
+      Merrill Lynch said that following discussions with
+  commercial banks it is confident it can obtain the rest of the
+  financing required to complete the transaction.
+      The junior subordinated discount debentures to be issued in
+  the merger will carry a 13 pct coupon and will begin paying
+  cash interest after five years.
+      The debentures will be redeemable at the company's option
+  for the first six years at 105 pct, during the seventh year at
+  102.5 pct and after that at 100 pct of the principal amount.
+      The junior subordinated discount debentures have a maturity
+  of 20 years and are entitled to a sinking fund commencing in
+  the 16th year designed to retire 60 pct of the issue before
+  maturity.
+      Borg-Warner will also redeem all of its outstanding 4.50
+  dlrs cumulative preferred stock, series A, for 100 dlrs per
+  share. Holders who wish to participate in the offer must first
+  convert their preferred stock into Borg-Warner common stock.
+      The board of Borg-Warner has also taken steps to redeem its
+  poison pill or share purchase rights for five cents per right,
+  effective immediately.
+  
+
diff --git a/reuters/test/16164 b/reuters/test/16164
new file mode 100644
index 0000000000000000000000000000000000000000..40cc7a43d693a7bcc97c3251a24939f14f4a43d1
--- /dev/null
+++ b/reuters/test/16164
@@ -0,0 +1,27 @@
+U.K. MARCH PRODUCER PRICES RISE 0.3 PCT
+  The price index for sales of
+  manufactured goods in the U.K. Rose a provisional, unadjusted
+  0.3 pct in March after an identical rise in February,
+  Department of Trade and Industry figures show.
+      The index for materials and fuel purchased by manufacturing
+  industry fell a provisional and unadjusted 1.1 pct after a 1.7
+  pct fall in February.
+      The Department said the year-on-year rise in producer
+  prices in March was a provisional 3.7 pct, compared with a
+  provisional 4.2 pct increase in the year to end-February.
+      The index for output prices, non-seasonally adjusted, was
+  put at a provisional 149.7 in March after 149.3 in February.
+      The index for input prices, also not seasonally adjusted,
+  was set at 128.2 in March after February's 129.6.
+      The 1.1 pct fall in input prices between February and March
+  was mainly due to a seasonal fall in industrial electricity
+  costs and lower scheduled prices for petroleum products, the
+  Department said.
+      The Department said these falls were only partly offset by
+  a rise in prices of home-produced food manufacturing materials.
+      The seasonally adjusted index for input prices showed a 0.2
+  pct rise between February and March.
+      Year-on-year, the input price index was down 0.7 pct in
+  March after a 2.8 pct drop in February.
+  
+
diff --git a/reuters/test/16166 b/reuters/test/16166
new file mode 100644
index 0000000000000000000000000000000000000000..a6e85ecd3a62204bac4e235d20862fbea8d08e90
--- /dev/null
+++ b/reuters/test/16166
@@ -0,0 +1,33 @@
+STATOIL SEEKS SHARE IN THAI GAS FIELD
+  Norway's state oil company
+  Den Norske Stats Oljeselskap A/S (Statoil) <STAT.OL>, has told
+  Thai authorities it is interested in taking a 30 pct share in a
+  big offshore Thailand gas field, Statoil said.
+      The field, in the southern sector of the Gulf of Thailand,
+  is currently operated by U.S. Oil company Texas Pacific Oil Co
+  Inc, a unit of Canada's Seagram Co Ltd <VO.N>. Thailand's state
+  oil company <Petroleum Authority Thailand> (PTT) also holds a
+  major stake in the field.
+      PTT wants to develop the field and has asked Statoil to
+  consider co-development if the field's licence is renewed.
+      PTT, according to Statoil, is currently negotiating with
+  Texas Pacific to buy back the Dallas-based oil company's
+  holdings in the field.
+      "PTT must first sort out its problems with Texas Pacific.
+  When this is done, we have said we are interested in taking
+  over a 30 pct share in the field," Statoil spokesman Willy Olsen
+  told Reuters.
+      Statoil, hired by PTT to carry out an independent appraisal
+  of the field's reserves and propose a development plan, has
+  estimated the field could be commercially developed at a cost
+  of some 700 mln crowns.
+      Industry sources said Texas Pacific has submitted lower
+  reserve estimates for the field than Statoil and shown little
+  interest in its development. Statoil refused to disclose its
+  upgraded reserve estimate for the field.
+      The field's reserves could be sold domestically through
+  Thailand's gas distribution network or by converting the gas to
+  electricity, the sources said.
+      Sources would not say which field Statoil is considering.
+  
+
diff --git a/reuters/test/16170 b/reuters/test/16170
new file mode 100644
index 0000000000000000000000000000000000000000..283fb5fa2c3b8f86cc9fb6f8183b9424f638ce46
--- /dev/null
+++ b/reuters/test/16170
@@ -0,0 +1,14 @@
+CREDIT COMMERCIAL DE FRANCE SPLITS SHARES
+  French commercial bank Credit Commercial
+  de France has split each of its shares into four to increase
+  the number of shares on offer when it is privatised at the end
+  of this month, a company official said.
+      He told Reuters a general assembly had passed a proposal
+  splitting 10.33 mln shares of 100 francs nominal into around
+  41.32 mln shares of 25 francs nominal.
+      Market sources have put the total value of CCF's selloff at
+  between four and five billion francs. The bank said the share
+  sale price was likely to be announced on April 24, before the
+  launch of a public flotation offer on April 27.
+  
+
diff --git a/reuters/test/16171 b/reuters/test/16171
new file mode 100644
index 0000000000000000000000000000000000000000..4e7f83ab1db67b998bb76fc146b5951d3a86f235
--- /dev/null
+++ b/reuters/test/16171
@@ -0,0 +1,53 @@
+WEST GERMAN INSTITUTES CALL FOR EARLY TAX CUTS
+  The five leading West German economic
+  research institutes said the government should do more to
+  stimulate economic growth and called for early introduction of
+  tax cuts planned for 1990.
+      In their joint spring report the institutes were divided
+  about 1987 growth forecasts, with three predicting two pct
+  expansion and the other two only one pct growth. Gross national
+  product grew 2.4 pct last year.
+      But the report said all the institutes believed that "more
+  must be done to produce dynamic growth so that more additional
+  jobs can be created."
+      The institutes said any step which improved basic economic
+  conditions should be taken as quickly as possible. "From this
+  point of view, the tax reform planned for 1990 should be
+  brought forward."
+      The government plans gross tax reductions of 44 billion
+  marks as part of the major tax reform. The net tax relief from
+  the tax reform will amount to 25 billion marks.
+      However, the institutes criticised the government, not only
+  for the timing of the reform, but also because the question of
+  its financing had been left open.
+      The government has not specified how the remaining 19
+  billion marks of the tax reduction package will be paid for,
+  though it has said it wants to cut state subsidies.
+      The institutes said this lack of clarity from Bonn had
+  caused uncertainty among companies and households as to what
+  exactly they would receive from the tax reform and urged a
+  quick decision from the government.
+      They also said the government should reduce tax
+  preferences, which would simplify the fiscal system, urged a
+  restriction of state spending and called for no increase in
+  value-added tax.
+      The institutes also criticised Bonn for increasing
+  subsidies at a time further reductions had been pledged.
+      They referred specifically to a doubling of special
+  writedowns for small and medium sized companies announced in a
+  package of tax adjustments planned for 1988 and described this
+  as an increase in subsidies.
+      The institutes said total subsidies, including tax
+  preferences, had reached 80 billion marks in 1985 and risen
+  further since then. Given the scope of these subsidies, it
+  should be possible "despite ... Major political difficulties" to
+  finance the tax reform by cutting state handouts.
+      The institutes said that if the government raised value
+  added tax or other indirect taxes a large portion of the
+  positive effects resulting from lower taxes would be lost.
+      The report also noted that the government was progressing
+  only slowly with its plans to privatise state companies and
+  said more deregulation was needed. The government had to aim
+  for more competition, it said.
+  
+
diff --git a/reuters/test/16172 b/reuters/test/16172
new file mode 100644
index 0000000000000000000000000000000000000000..7ee410313e0fa3b9411e3acf39f3a96aefdf31b8
--- /dev/null
+++ b/reuters/test/16172
@@ -0,0 +1,5 @@
+ Glaxo pre-tax profit 376 mln stg vs 260 mln in six months to end-December
+
+   Glaxo pre-tax profit 376 mln stg vs 260 mln in six months to end-December
+  
+
diff --git a/reuters/test/16173 b/reuters/test/16173
new file mode 100644
index 0000000000000000000000000000000000000000..103e2278394b4ec04930b2b7a65aa7eb941858df
--- /dev/null
+++ b/reuters/test/16173
@@ -0,0 +1,14 @@
+HILLSDOWN BUYS BEDDING COMPANIES FOR 23 MLN DLRS
+  Hillsdown Holdings Plc <HLDN.L> said its
+  Christie-Tyler Ltd unit would buy the European bedding making
+  interests of Simmons Co U.S.A., Owned by Gulf and Western
+  Industries Inc USA <GW>, for 23 mln dlrs.
+      The acquisitions include <Sleepeeze Ltd> in the U.K.,
+  <Compagnie Continentale Simmons SA> in France and <Compagnia
+  Italiana Simmons SpA> in Italy.
+      In 1986 the three businesses made pre-tax profit of around
+  2.5 mln stg on sales of 39 mln stg. Net assets being acquired
+  come to around nine mln stg.
+      Hillsdown shares were unchanged at 266p.
+  
+
diff --git a/reuters/test/16175 b/reuters/test/16175
new file mode 100644
index 0000000000000000000000000000000000000000..a753713b4849f135584e8c9a99d31c401d7e3eb3
--- /dev/null
+++ b/reuters/test/16175
@@ -0,0 +1,29 @@
+GLAXO PROFITS UP SHARPLY, DIVIDEND RAISED
+  Six months to end-December
+      Shr 32.6p vs 22.3p
+      Div 5.0p vs 4.0p
+      Pre-tax profit 376 mln stg vs 260 mln
+      Turnover 883 mln vs 686 mln
+      Tax 133 mln vs 94 mln
+      Note - company full name is Glaxo Holdings Plc <GLXO.L>.
+      Trading profit 338 mln vs 233 mln
+      Share of profits of associates 14 mln vs seven mln
+      Investment income less interest payable 24 mln vs 20 mln
+      Profit after tax 243 mln vs 166 mln
+      Minority interests two mln vs one mln
+      Extraordianry credit eight mln vs nil
+      Turnover includes -
+      Continuing activities 875 mln vs 647 mln
+      Discontinued activities eight mln vs 39 mln
+      U.K. 111 mln vs 91 mln
+      Europe 299 mln vs 218 mln
+      North America 334 mln vs 229 mln
+      Central and South America 21 mln vs 20 mln
+      Africa and Middle East 29 mln vs 23 mln
+      South East Asia and Far East 57 mln vs 47 mln
+      Australasia 24 mln vs 19 mln
+      Anti-peptic ulcerants 414 mln vs 285 mln
+      Systemic antibiotics 112 mln vs 82 mln
+      Respiratory system 183 mln vs 141 mln
+  
+
diff --git a/reuters/test/16176 b/reuters/test/16176
new file mode 100644
index 0000000000000000000000000000000000000000..b03e8e692fc62f0c4f59bba8f4a54ef76e3a05c8
--- /dev/null
+++ b/reuters/test/16176
@@ -0,0 +1,44 @@
+TAKEOVER BATTLE FOR DOME PETROLEUM BEGINS
+  A takeover battle began today for
+  debt-burdened Dome Petroleum Ltd <DMP.MO> as TransCanada
+  PipeLines Ltd <TRP.TO> announced a 4.3 billion dlr offer and
+  Dome said it is continuing talks with other possible buyers.
+      Companies mentioned in market speculation as potential
+  buyers for Dome include Imperial Oil Ltd <IMO.A> which is 70
+  pct owned by Exxon Corp <XON.N>, <PanCanadian Petroleum Ltd>
+  which is 87 pct owned by the conglomerate Canadian Pacific Ltd
+  <CP.N> and British Petroleum Co Plc <BP.L>.
+      Along with the TransCanada offer, Dome has had another
+  proposal from "a substantial company" and discussions with a
+  third company which could lead to an offer, Dome said in a
+  statement.
+      The statement confirmed Dome received TransCanada's bid,
+  but did not identify the companies involved in talks.
+      TransCanada, Canada's largest natural gas pipeline
+  operator, said it is offering Dome a package of cash, common
+  and preferred shares, and shares in a new subsidiary which
+  would own and operate Dome's assets. TransCanada said the offer
+  is to Dome management, not to shareholders.
+      Dome has massive oil and gas landholdings in Canada,
+  totalling 36.1 mln acres of which 7.4 mln have been developed.
+  It also has tax credits worth about 2.5 billion dlrs.
+      Dome's statement said the TransCanada announcement "violated
+  the terms and spirit of a confidentiality agreement entered
+  into with prospective purchasers" and was apparently timed to
+  prevent Dome from considering other proposals.
+      It said the TransCanada bid "seems to require favourable and
+  substantial taxation concessions from the federal and
+  provincial governments." But Dome added that its management and
+  financial advisers will evaluate all proposals.
+      TransCanada chief financial officer H. Neil Nichols said he
+  was surprised at the vehemence of Dome's statement and denied
+  that TransCanada was trying to usurp other bids. "I find (Dome's
+  statement) very bothersome. Once the board made the decision to
+  authorise the proposal, it had a legal obligation to announce
+  it," he said. Nichols said he did not know the identity of the
+  other bidders, or the terms of other offers.
+      Dome common shares closed at 1.13 dlrs on Friday on the
+  Toronto Stock Exchange. The preferred class A stock closed at
+  5.00 dlrs. Common stock traded as high as 25.00 dlrs in 1981.
+  
+
diff --git a/reuters/test/16177 b/reuters/test/16177
new file mode 100644
index 0000000000000000000000000000000000000000..50db1043415792d23a6758acce90e36e3b8cdaae
--- /dev/null
+++ b/reuters/test/16177
@@ -0,0 +1,19 @@
+BANK OF JAPAN TO SELL 800 BILLION YEN IN BILLS
+  The Bank of Japan will sell 800 billion
+  yen in deficit financing bills today through 51-day repurchase
+  agreements maturing June 3 to help absorb a projected money
+  market surplus, money traders said.
+      The operation will raise the outstanding supply of the
+  bills to a record 4,800 billion yen.
+      The yield on the bills for sale to banks and securities
+  houses from money houses will be 3.8999 pct compared with the
+  two-month commercial bill discount rate today of 3.8750 pct and
+  the two-month certificate of deposit rate of 4.13/00 pct.
+      The traders estimated the surplus today at about 1,800
+  billion yen.
+      They said it is mainly due to 1,300 billion yen of
+  government tax allocations to local governments and public
+  entities and to excessive banking system cash holdings due to
+  continuous large central bank dollar purchases.
+  
+
diff --git a/reuters/test/16179 b/reuters/test/16179
new file mode 100644
index 0000000000000000000000000000000000000000..15ba79e5789841b5df4b9831120f47370196bf70
--- /dev/null
+++ b/reuters/test/16179
@@ -0,0 +1,26 @@
+LME CLARIFIES NEW ALUMINIUM CONTRACT DETAILS
+  The London Metal Exchange (LME) has
+  issued a note clarifying details on its new high grade
+  aluminium contract, in response to questions from members
+  following the announcement of the contract, due to start June
+  1.
+   All deliverable shapes of aluminium under the high grade
+  primary aluminium contract (minimum 99.7 pct purity) will also
+  be deliverable against the standard primary aluminium contract
+  (min 99.5 pct), the LME said.
+      Sows will not constitute good delivery against the standard
+  contract until September 1, and 99.5 pct purity sows are not
+  good delivery and cannot be placed on LME warrant.
+      The dollar quotation for the high grade contract will be in
+  multiples of one U.S. Dollar but carries may be made at 50
+  cents for even tonnages only.
+      Singapore, which is the first port warehouse outside Europe
+  to be used as an LME delivery point, will be used for high
+  grade metal only and the rent imposed by owners Steinweg will
+  be 1.05 U.S. Dlr a tonne per week, the LME said.
+      The LME Board, in response to representation from the
+  trade, agreed to annul from LME contracts the minimum weight
+  requirements of 450 kilos for T-bars and 250 kilos for sows,
+  effective for high grade on June 1 and for standard on July 24.
+  
+
diff --git a/reuters/test/16180 b/reuters/test/16180
new file mode 100644
index 0000000000000000000000000000000000000000..9ab19b6f11d814563cb9dfa3a74017a2e65d148b
--- /dev/null
+++ b/reuters/test/16180
@@ -0,0 +1,12 @@
+YIELD ON 91-DAY SAMA DEPOSITS RISES
+  The yield on 91-day bankers security
+  deposit accounts issued this week by the Saudi Arabian Monetary
+  Agency (SAMA) rose to 6.43896 pct from 6.21563 a week ago,
+  bankers said.
+      SAMA lowered the offer price on the 500 mln riyal issue to
+  98.39844 from 98.45313 last Monday. Like-dated interbank
+  deposits were quoted today at 6-3/4, 5/8 pct.
+      SAMA offers a total of 1.9 billion riyals in 30, 91 and
+  180-day accounts to banks in the Kingdom each week.
+  
+
diff --git a/reuters/test/16185 b/reuters/test/16185
new file mode 100644
index 0000000000000000000000000000000000000000..aaac618e0395818bc464ca9e903ef93dcc61108a
--- /dev/null
+++ b/reuters/test/16185
@@ -0,0 +1,9 @@
+NORTH YEMEN BOUGHT WHITE SUGAR AT TENDER - TRADE
+  North Yemen at its weekend tender bought
+  white sugar from a French operator acting on behalf of a Swiss
+  house at 214.70 dlrs a tonne c and f, traders said.
+      The amount bought was not immediately available, although
+  the country had sought 30,000 tonnes of June arrival whites,
+  they said.
+  
+
diff --git a/reuters/test/16188 b/reuters/test/16188
new file mode 100644
index 0000000000000000000000000000000000000000..bc8eca408ddcb92916900ef8960a0db1f546d358
--- /dev/null
+++ b/reuters/test/16188
@@ -0,0 +1,10 @@
+U.K. MONEY MARKET GIVEN 75 MLN STG ASSISTANCE
+  The Bank of England said it had provided
+  the money market with 75 mln stg help in the morning session.
+  This compares with the Bank's estimate that the system would
+  face a shortage of around 400 mln stg today.
+      The central bank bought bank bills outright comprising two
+  mln stg in band two at 9-13/16 pct, 15 mln stg in band three at
+  9-3/4 pct and 58 mln stg in band three at 9-11/16 pct.
+  
+
diff --git a/reuters/test/16189 b/reuters/test/16189
new file mode 100644
index 0000000000000000000000000000000000000000..c1aae822af50204627195853c5505e6e0e4b5ea4
--- /dev/null
+++ b/reuters/test/16189
@@ -0,0 +1,14 @@
+JAPAN CENTRAL BANK ACTIVELY BUYS DOLLARS IN TOKYO
+  The Bank of Japan actively bought dollars
+  here in early afternoon trade at around 142.20 yen, dealers
+  said.
+      The central bank had placed buy orders at that level and
+  prevented the dollar from falling when it came under heavy
+  selling pressure from investment trusts and trading houses,
+  they said.
+      However, the intervention failed to boost the U.S. Currency
+  significantly from the 142.20 yen level, they added.
+      The dollar was trading around its midday rate of 142.30
+  yen. It had opened here at 141.85 yen.
+  
+
diff --git a/reuters/test/16190 b/reuters/test/16190
new file mode 100644
index 0000000000000000000000000000000000000000..0b24a52c741ca7c3b1aa3212067320837c5a7586
--- /dev/null
+++ b/reuters/test/16190
@@ -0,0 +1,54 @@
+CURRENCY MOVES MAY BE HURTING WORLD TRADE
+  Japanese trade figures are seriously
+  challenging the entrenched view of policy makers of the Group
+  of Seven industrialised nations that relative currency rates
+  are the key to smoothing world trade problems.
+      Senior Japanese, U.S. And European officials in Tokyo say
+  they are at a loss to fully explain the data, for if currencies
+  are the key they ask, why then are are U.S. Exports to Japan
+  shrinking?
+      What if manipulating currencies and driving the dollar down
+  made world trade problems worse rather than solving them,
+  fulfilling Federal Reserve chairman Paul Volcker's forecast of
+  world trade recession?
+      U.S.-Japan trade has declined even after a 40 pct dollar
+  fall against the yen since the September 1985 Group of Five
+  pact in New York.
+      The lower dollar ought to have made U.S. Exports 40 pct
+  more competitive in Japan. The officials, most of them
+  economists, can offer no objective reason why they are not.
+      Worse, how are European Community sales to Japan rising
+  rapidly when the European Currency Unit has until now declined
+  only 11 pct against the yen.?
+      Last week's G-7 meeting in Washington has been widely
+  interpreted as a sign from the policy makers that the dollar
+  must go lower. So worst of all, what if Volcker is correct?
+      At a loss to give an objective explanation, officials can
+  only offer explanations which tend to be highly subjective.
+      "I don't know and I don't think anyone knows," said Hugh
+  Richardson, acting head of the EC delegation in Tokyo.
+      "What I do know is that Community exporters are making a
+  hell of an effort in this market. If you make an effort, there
+  is money to be made in Japan," he added.
+      But U.S. Officials and businessmen are convinced low U.S.
+  Exports to Japan are Japan's fault. They cite restrictive trade
+  practices, protected Japanese trade sectors, such as
+  agriculture, and non-tariff barriers, such as unreasonable
+  checking and customs procedures for car imports.
+      Publicly, Japanese officials remain conciliatory in the
+  face of what they see as U.S. Aggression. In private, they
+  blame U.S. Industry for being uncompetitive.
+      "We see it that way, but we don't like to seem arrogant,"
+  said a senior official, who declined to be named. "We like to
+  refrain from accusing them of not making enough effort."
+      Industrialists such as Eishiro Saito, chairman of the
+  Keidanren business group, and Sony Corp chairman Akio Morita
+  repeatedly accuse foreign firms of not making enough effort to
+  understand Japan's markets, and some foreigners agree. "The real
+  issue is the inability of major sectors of American and
+  European industry to compete not only internationally but even
+  in their home markets," Peter Huggler, President of Interallianz
+  Bank Zurich, told a recent conference in Switzerland.
+  REUTER...^M
+  
+
diff --git a/reuters/test/16193 b/reuters/test/16193
new file mode 100644
index 0000000000000000000000000000000000000000..e9dd3e946ed4f8c87b0f0eb5b07d647fd5ee3f1a
--- /dev/null
+++ b/reuters/test/16193
@@ -0,0 +1,6 @@
+SAUDI ARABIA SEEKING RBD PALM OLEIN
+  Saudi Arabia is in the market for 4,000
+  tonnes of refined bleached deodorised palm olein for June 1/10
+  shipment, traders said.
+  
+
diff --git a/reuters/test/16194 b/reuters/test/16194
new file mode 100644
index 0000000000000000000000000000000000000000..6cd249438a0111352ae934e331cd5eea89f14fe0
--- /dev/null
+++ b/reuters/test/16194
@@ -0,0 +1,6 @@
+METAL BULLETIN ZINC PRODUCER PRICE
+  The London based trade journal "METAL
+  BULLETIN'S" average producer price of good ordinary brand zinc
+  for week ended April 10 is 790.00 dlrs per tonne.
+  
+
diff --git a/reuters/test/16195 b/reuters/test/16195
new file mode 100644
index 0000000000000000000000000000000000000000..e6f1901fdb4210b310e8fcf3ff73c97657c566c2
--- /dev/null
+++ b/reuters/test/16195
@@ -0,0 +1,30 @@
+U.K. PRODUCER PRICES SEEN MOVED BY TECHNICALITIES
+  U.K. Producer price data for March were
+  roughly as expected after taking into account technical factors
+  which affected the year-on-year outcome, economic analysts
+  said.
+      The figures showed a 0.3 pct provisional, non-seasonally
+  adjusted rise in output prices in March, unchanged from
+  February and close to the average for the last six months.
+      The year-on-year rise was put at 3.7 pct, down from 4.2 pct
+  in February.
+      But Chris Tinker, economist at brokerage house Phillips and
+  Drew, said the drop in the year-on-year rate mainly reflected a
+  rise in excise duties which affected the index in March last
+  year.
+      He cautioned that it was dangerous to read too much into
+  the monthly figure, adding that a rise of only 0.2 pct in April
+  would take the year-on-year rise back above 4.2 pct.
+      Analysts also noted that a drop in manufacturers' input
+  prices was almost entirely due to anticipated seasonal factors
+  such as a fall in industrial electricity costs.
+      Duncan Squire of Lloyds Merchant Bank said the figures were
+  slightly disappointing in that the strengthening of sterling
+  had not yet reduced input prices as much as expected.
+      Both he and Tinker said this factor should help keep input
+  costs down over the next few months, although Tinker added that
+  last year's fall in oil prices is now about to drop out of the
+  year-on-year comparisons and is likely to lead to a return to
+  rises in the index rather than falls.
+  
+
diff --git a/reuters/test/16196 b/reuters/test/16196
new file mode 100644
index 0000000000000000000000000000000000000000..d421c71a3b6db0010caa6ad11bf6883281bb81e8
--- /dev/null
+++ b/reuters/test/16196
@@ -0,0 +1,24 @@
+BANGEMANN REJECTS CALL FOR EARLY TAX CUTS
+  West German Economics Minister Martin
+  Bangemann indirectly rejected a call from the country's leading
+  economic research institutes for early introduction of a major
+  tax reform involving gross tax cuts of 44 billion marks.
+      In a statement reacting to the five institutes' joint
+  spring report, Bangemann said that as far as the call for
+  bringing forward the 1990 tax reform was concerned --
+      "The government points out that the positive effects for
+  growth of its policy of consolidation (cutting the budget
+  deficit) must not be allowed to be endangered."
+      Bangemann also recalled that the scope of tax cuts planned
+  for 1988 had already been increased.
+      Three institutes predicted two pct economic growth in 1987,
+  with exports falling by 0.5 pct. The other two saw only one pct
+  growth and said exports would fall 2.5 pct.
+      Bangemann said "The government, agreeing with the majority,
+  sees no reason for the extraordinarily pessimistic estimate for
+  exports expressed by the minority."
+      He said there was reason to believe that export demand
+  would start to rise in the course of the year, partly because
+  of a further increase in world trade.
+  
+
diff --git a/reuters/test/16197 b/reuters/test/16197
new file mode 100644
index 0000000000000000000000000000000000000000..ebbe7d7f5ce7bb4f726a1755091c9bfaeb29d54a
--- /dev/null
+++ b/reuters/test/16197
@@ -0,0 +1,20 @@
+ITALIAN GDP ROSE 2.4 PCT IN 1986 FOURTH QUARTER
+  Italy's Gross Domestic Product, calculated
+  at 1980 prices, rose 2.4 pct in the fourth quarter of 1986,
+  compared with the same period in 1985, National Statistics
+  Institute ISTAT said.
+      ISTAT said in a statement that GDP growth in fourth quarter
+  1986 was zero compared with the preceding quarter. Italy's
+  budget ministry said last month that 1986 GDP rose 2.7 pct in
+  real terms from 1985.
+      Imports in the fourth quarter totalled 26,361 billion lire,
+  down 1.4 pct from the 1985 fourth quarter and down 6.6 pct from
+  the third 1986 quarter, ISTAT said.
+      Istat said exports totaled 23,190 billion lire in the
+  fourth quarter, down 4.1 pct from the comparable 1985 quarter
+  and down 6.7 pct from the third quarter in 1986.
+      Fixed investments were 23,438 billion lire in the fourth
+  quarter, down 0.7 pct from the preceding quarter and up 1.1 pct
+  from the comparable 1985 quarter.
+  
+
diff --git a/reuters/test/16200 b/reuters/test/16200
new file mode 100644
index 0000000000000000000000000000000000000000..cc0e2d95326fc731e0370d0c24271be162f12034
--- /dev/null
+++ b/reuters/test/16200
@@ -0,0 +1,83 @@
+G-7 SEEMS WORRIED MARKETS IGNORE COORDINATION
+  Top officials of leading industrial
+  nations appear deeply worried that financial markets have
+  ignored their efforts to coordinate policies, which they
+  believe they strengthened in talks last week.
+      Monetary sources said officials were exasperated that the
+  markets, which drove the dollar rapidly lower and severely
+  disrupted bond and stock markets too, did not take heed of the
+  policy commitments of the Group of Seven -- the United States,
+  Japan, West Germany, France, Britain, Italy and Canada.
+      Treasury Secretary James Baker went out of his way to
+  reassure markets of his commitment to a stable dollar with a
+  statement, and French Finance Minister Edouard Balladur
+  underscored that by saying: "I don't believe at all that the
+  Americans want a weaker dollar."
+      West German Finance Minister Gerhard Stoltenberg said the
+  dollar's latest rapid descent "involves the risk -- now already
+  a tangible threat -- of a new strong surge of inflation,
+  leading to a renewed rise in interest rates."
+      But there were signs too, that while policymakers feared
+  the market uproar, they seemed to accept there was little they
+  could do until the economic picture changed, and currencies
+  settled into a stable pattern as a result.
+      Nor did there seem to be any enthusiasm at last week's
+  semi-annual meetings of the IMF and the World Bank for higher
+  U.S. Interest rates as the best way to curb the dollar's rapid
+  descent. That distaste stems in part from fears of recession.
+      Outgoing Deputy Treasury Secretary Richard Darman told
+  television interviewers he did not think a policy of driving
+  the dollar down would solve the U.S. trade deficit.
+      "It would slow growth in Germany and Japan which would
+  adversely affect our trade balance and ultimately it would
+  drive interest rates up here which would throw us, if not
+  (into) recession, into slower growth," he said.
+      Asked if higher U.S. Interest rates would stabilize the
+  dollar, Balladur said: "When a currency is maintained
+  artificially high, by artificially high interest rates, it is
+  not healthy."
+      And resorting to higher interest rates could lead to
+  recession, he said.
+      Acknowledging the dollar's latest slide was now a fact of
+  life, Balladur said, "there may be adjustments of course in one
+  or other currencies, this is not a fixed rate system."
+      But Federal Reserve Board chairman Paul Volcker said he
+  might rein in credit if the dollar's slide deepens.
+      U.S. Monetary sources also said Washington wanted it
+  understood by markets the seven's commitments were genuine.
+      "The United States and the six major industrial countries
+  are fully committed to implementing our undertakings in these
+  agreements," Baker told the meetings.
+      Darman said Baker had been misinterpreted by markets which
+  wrongly believed earlier remarks suggested he wanted a further
+  decline in the dollar. Baker, Darman said, was committed to
+  stabilizing currencies at current levels.
+      Last week's statement from the seven reaffirmed a February
+  22 agreement in Paris in which the Reagan administration agreed
+  to reach a budget deficit compromise with Congress and to fight
+  protectionism.
+      West Germany and Japan, meanwhile, agreed to stimulate
+  domestic demand and lead a global upturn.
+      Ministers believed the Paris pact was bolstered by Japan's
+  promise of a 35 billion dlr supplementary budget.
+      The sources said they believed Baker saw it as a major
+  action. But the seven seem to accept their commitment to stable
+  currencies applied to today's exchange rates and not those at
+  the time of the Paris agreement, when the dollar stood higher.
+      The Paris accord said, "currencies (are) within ranges
+  broadly consistent with underlying economic fundamentals, given
+  the policy commitments summarized in this statement."
+      Now they accept the dollar's lower level, especially
+  against the yen, as hard reality that is nonetheless consistent
+  with the agreement. "The ministers and governors reaffirmed the
+  view that around current levels their currencies are within
+  ranges broadly consistent with fundamentals," last week's
+  statement read.
+      Monetary sources said policymakers understood markets were
+  focusing on instability created by the gap between the U.S.
+  Trade deficit and the surpluses of West Germany and Japan
+  rather than prospective policy changes. European monetary
+  sources said Bonn was still unconvinced that Washington meant
+  business with its commitment to cut the budget deficit.
+  
+
diff --git a/reuters/test/16201 b/reuters/test/16201
new file mode 100644
index 0000000000000000000000000000000000000000..6d6627976607f9f4cb9d74b41fd271880890e93b
--- /dev/null
+++ b/reuters/test/16201
@@ -0,0 +1,21 @@
+INSTITUTES SEE NO WEST GERMAN RECESSION
+  The five leading West German economic
+  research institutes, which have revised down their forecasts
+  for 1987 growth, do not predict a recession in West Germany,
+  their spokesman, Hans-Juergen Schmahl said.
+      The institutes were divided in their spring report on
+  forecasts for 1987, with three predicting two pct growth and
+  two seeing only one pct expansion. Growth was 2.4 pct in 1986.
+      Schmahl, presenting the report at a news conference, said,
+  "None of the institutes reckons with a recession or with the
+  beginning of a recession." He added, however, that exports
+  remained the weak point of the economy .
+      Schmahl also said West Germany would have to expect further
+  encroachments of foreign goods onto its markets.
+      Arthur Krumper of Munich's Ifo institute, which with the
+  DIW of West Berlin had presented the more pessimistic view of
+  the economy, said, "The braking effects (on the economy)
+  produced by external factors will remain considerable for most
+  of the year."
+  
+
diff --git a/reuters/test/16202 b/reuters/test/16202
new file mode 100644
index 0000000000000000000000000000000000000000..eeac879079cfb5e9c1a2a6aa63b4f14e8a458b2d
--- /dev/null
+++ b/reuters/test/16202
@@ -0,0 +1,6 @@
+DEPOSIT GUARANTY CORP <DEPS> 1ST QTR NET
+  Shr 1.11 dlrs vs 1.10 dlrs
+      Shr diluted 1.03 dlrs vs 1.02 dlrs
+      Net 8,186,000 vs 8,114,000
+  
+
diff --git a/reuters/test/16203 b/reuters/test/16203
new file mode 100644
index 0000000000000000000000000000000000000000..4b2c4b3ece7d3416bb551c833dd14cafa7af9451
--- /dev/null
+++ b/reuters/test/16203
@@ -0,0 +1,14 @@
+COMPUTER ASSOCIATES <CA> STARTS BPI <BPII> BID
+  Computer Associates International Inc
+  said it has started its previously-announced 1.92 dlr per share
+  tender offer for all shares of BPI Systems Inc.
+      In a newspaper advertisement, the company said the offer,
+  which has been approved by the BPI board and is to be followed
+  by a merger at the same price, is conditioned on receipt of at
+  least 1,813,742 shares.  The offer and withdrawal rights expire
+  May 15 unless extended.
+      In addition to shares sought in the tender, shareholders of
+  BPI owning 1,951,720 shares or 34.6 pct have agreed to sell
+  their shares to Computer Associates for the tender price.
+  
+
diff --git a/reuters/test/16206 b/reuters/test/16206
new file mode 100644
index 0000000000000000000000000000000000000000..ff7a759bbcc2a3cf335f16eeefea327789b371cc
--- /dev/null
+++ b/reuters/test/16206
@@ -0,0 +1,10 @@
+KING WORLD PRODUCTIONS INC <KWP> 2ND QTR FEB 28
+  Shr 21 cts vs eight cts
+      Net 6,597,000 vs 2,602,000
+      Revs 56.4 mln vs 23.2 mln
+      1st half
+      Shr 57 cts vs 32 cts
+      Net 17.6 mln vs 9,810,000
+      Revs 137.7 mln vs 76.0 mln
+  
+
diff --git a/reuters/test/16207 b/reuters/test/16207
new file mode 100644
index 0000000000000000000000000000000000000000..95c59d2e9c5dcf660a285806ec7bee012d66be04
--- /dev/null
+++ b/reuters/test/16207
@@ -0,0 +1,27 @@
+BLUE CIRCLE PROFITS, DIVIDEND RISE
+  Year to end-December Shr 76.7p vs 67.7p
+      Div 17p making 23p vs 21p
+      Pretax profit 127.0 mln stg vs 116.9 mln
+      Turnover 1.10 billion vs 947.2 mln
+      Tax 25.0 mln vs 26.3 mln
+      Note - company full name is Blue Circle Industries Plc
+  <BCIL.L>. Company said it proposes one-for-one capitalisation
+  issue
+      Gross profit 390.9 mln vs 321.6 mln
+      Distribution costs 215.6 mln vs 177.6 mln
+      Administrative expenses 65.1 mln vs 58.9 mln
+      Other operating income 5.3 mln vs 11.0 mln
+      Share of profits of related companies 50.0 mln vs 58.1 mln
+      Operating profit 165.5 mln vs 154.2 mln
+      Net interest payable 33.6 mln vs 32.2 mln
+      Exceptional items 4.9 mln debit vs 5.1 mln debit
+      Minorities 3.4 mln vs 6.9 mln
+      Extraordinary items after tax 39.5 mln vs 4.2 mln
+      Pretax profit includes -
+      U.K. 37.7 mln vs 20.5 mln
+      U.S. 27.5 mln vs 22.8 mln
+      Mexico 15.0 mln vs 20.7 mln
+      Australasia 15.7 mln vs 13.2 mln
+      Africa 12.0 mln vs 12.6 mln
+  
+
diff --git a/reuters/test/16210 b/reuters/test/16210
new file mode 100644
index 0000000000000000000000000000000000000000..1d8cc0329966dd251e0b704f4a465aafcd918f3a
--- /dev/null
+++ b/reuters/test/16210
@@ -0,0 +1,11 @@
+CRAZY EDDIE <CRZY> MAY MAKE ACQUISITION
+  Crazy Eddie Inc said it is
+  negotiating for the possible acquisition of Benel Distributors
+  Ltd, which operates Crazy Eddie Record and Tape Asylums in all
+  Crazy Eddie stores.
+      It said the acquisition would probably also include
+  affiliate Disc-o-Mat Inc, which operates a number of record and
+  tape stores in the New York metropolitan area.
+      Other details were not disclosed.
+  
+
diff --git a/reuters/test/16211 b/reuters/test/16211
new file mode 100644
index 0000000000000000000000000000000000000000..e766ab0a8ddd06496b31ea199300607befe0c6fa
--- /dev/null
+++ b/reuters/test/16211
@@ -0,0 +1,35 @@
+CRAZY EDDIE <CRZY> SETS DEFENSIVE RIGHTS
+  Crazy Eddie Inc said its board has
+  adopted a defensive shareholder rights plan and said it has
+  received "friendly inquiries" on its acquisition.
+      It said under the plan, shareholdrs of record as of April
+  21 will receive a right to purchase under certain circumstances
+  at a price of 42 dlrs 0.01 preferred share for each common
+  share held.  The rights will expire April Nine.
+      The company said the rights would be exercisable 20
+  business days after a party were to acquire 20 pct or more of
+  Crazy Eddie common stock or announce a tender or exchange offer
+  that would result in ownership of 30 pct or more.
+      Crazy Eddie said if a party owning 20 pct or more of its
+  stock were to merge into it or if a party were to acquire 40
+  pct or more of Crazy Eddie stock, right holders other than the
+  acquiring party would be entitled to acquire common shares or
+  other securities or assets with a market value equal to twice
+  the rights' exercise price.
+      If after a party acquired 20 pct or more of its stock Crazy
+  Eddie were acquired or 50 pct of its earnings power or assets
+  sold, rightholders other than the acquirer would be entitled to
+  buy shares of the acquirer's common stock worth twice the
+  rights' exercise price, the company said.
+      Crazy Eddie said if a party were to acquire 30 pct or more
+  of its common stock and then fail to acquire Crazy Eddie within
+  180 days thereafter, rightholders would be entitled to exchange
+  their Crazy Eddie common stock for subordinated notes of Crazy
+  Eddie maturing either one year or, above a certain dollar limt,
+  five years after issuance.
+      Crazy Eddie said adoption of the plan is not in response to
+  any known effort to acquire control of it.  But the company
+  said it has become aware of some "possible accumulations" of
+  its stock has has received some "friendly inquiries."
+  
+
diff --git a/reuters/test/16212 b/reuters/test/16212
new file mode 100644
index 0000000000000000000000000000000000000000..18c5a8dd2d442878c86751f120f97c70e628bc04
--- /dev/null
+++ b/reuters/test/16212
@@ -0,0 +1,10 @@
+SIX KILLED IN SOUTH AFRICAN MINE
+  Six workers were killed and four
+  injured in an undeground rock fall at South Africa's second
+  largest gold mine today, the mine owners said.
+      It was the third major mine accident in the country in less
+  than a week.
+      Thirty four workers died in methane gas explosion at a coal
+  mine last Thursday.
+  
+
diff --git a/reuters/test/16213 b/reuters/test/16213
new file mode 100644
index 0000000000000000000000000000000000000000..8f09dce9d7279ba216256a086abd7631912f1799
--- /dev/null
+++ b/reuters/test/16213
@@ -0,0 +1,18 @@
+ZAMBIA'S KWACHA FALLS AT WEEKLY AUCTION
+  The Zambian kwacha fell at this week's
+  foreign exchange auction to 18.75 kwacha to the dollar from
+  last week's 16.95, the Bank of Zambia said.
+      The rate was the lowest since the auctions resumed two
+  weeks ago under a new two-tier exchange rate system worked out
+  with the World Bank and International Monetary Fund.
+      The Bank of Zambia said it received 370 bids, ranging from
+  13.00 to 20.75 kwacha, for the six mln dlrs on offer. One
+  hundred and thirty-five bids were successful.
+      A British High Commission spokesman said Britain would put
+  eight mln stg into the auction at a rate of one mln a week as
+  soon as Zambia reached a full agreement with the IMF.
+      The money could be spent only on goods produced and
+  supplied by British firms, excluding luxuries and defence
+  equipment, the spokesman added.
+  
+
diff --git a/reuters/test/16214 b/reuters/test/16214
new file mode 100644
index 0000000000000000000000000000000000000000..824db2bd1c722c6db9684ce8febabd1342133291
--- /dev/null
+++ b/reuters/test/16214
@@ -0,0 +1,40 @@
+U.S. SENATE LEADER CALLS FOR INTEREST RATE CUTS
+  Senate Finance Committee Chairman
+  Lloyd Bentsen (D-Tex.) called on major industrial countries to
+  make a pledge at the coming economic summit in Venice to cut
+  interest rates.
+      "I think at the summit meeting in Venice what we ought to be
+  trying to do is to get the other major industrial nations that
+  are involved to bring interest rates down, say, one pct,"
+  Bentsen told NBC Television's "Meet the Press."
+      Bentsen said coordinated rate cuts could take "billions off
+  the debt service of the Latin countries" and help ease
+  protectionist pressures in the industrial countries.
+      Bentsen also South Korea and Taiwan should be pressured to
+  revalue their currencies in relation to the U.S. dollar.
+      "You take the Taiwanese, with an enormous capital surplus,
+  enormous trade surplus, and we've had very little cooperation
+  there," he said.
+      Departing Deputy Treasury Secretary Richard Darman told the
+  same television network he agreed that the U.S. dollar had not
+  fallen enough against the currencies of some countries.
+      "I think that more does have to be done there in
+  negotiations with the countries involved, the so-called NICs
+  (newly industrialized countries)," he said.
+      Darman said such negotiations with newly industrialized
+  countries were underway privately.
+      Bentsen predicted Congress and the White House would agree
+  on a fiscal 1988 budget that would raise between 18 and 22
+  billion dlrs in new revenues.
+      The Texas senator said a series of excise taxes would be
+  considered by Congress, including an extension of the telephone
+  tax and new levies on liquor and cigarettes.
+      Bentsen said he supported an oil import fee, but that it
+  would not happen without President Reagan's support.
+      Darman called for a "top level negotiation" between the White
+  House and Congress on a budget compromise that would include
+  asset sales, some excise taxes, cuts in middle-class
+  entitlement programs, "a reasonable, steady rate of growth in
+  defense" and reform of the budget process.
+  
+
diff --git a/reuters/test/16215 b/reuters/test/16215
new file mode 100644
index 0000000000000000000000000000000000000000..5b6ab0e633f710dadce2245252870fe9ab90faf5
--- /dev/null
+++ b/reuters/test/16215
@@ -0,0 +1,55 @@
+OFFER FOR DOME MAY SHORT-CIRCUIT ITS DEBT TALKS
+  A 3.22 billion dlr offer for Dome
+  Petroleum Ltd <DMP.MO> by TransCanada Pipelines Ltd <TRP.TO>
+  may short-circuit Dome's restructuring plan and open the door
+  for more takeover bids, oil analysts said.
+      Dome is trying to get approval for a plan to refinance debt
+  of more than 4.5 billion dlrs by July 1, 1987, when an interim
+  debt plan that allowed the Canadian oil and gas firm to defer
+  substantial payments to creditors will expire.
+      Analysts said TransCanada's bid signals Dome's debtholders
+  that an alternative exists to Dome's debt plan.
+      Dome announced its plan to 56 major creditors as well as
+  public noteholders in March after several months of delicate
+  negotiations.
+      TransCanada's proposal "amounts to a quasi debt
+  restructuring," oil analyst Doug Gowland of Brown Baldwin Nisker
+  Ltd said from Toronto.
+      Calgary-based Dome's restructuring plan would allow
+  creditors to convert debt to common shares under a formula yet
+  to be negotiated. Payments on remaining debt would be linked to
+  cash flow generated by assets pledged against the debt.
+      "The weakness of the whole debt-refinancing proposal is that
+  even with approval of creditors, there is no assurance that
+  Dome will in fact be able to repay all of its debt obligations,"
+  said Wilf Gobert, an oil analyst for Peters and Co Ltd in
+  Calgary.
+      TransCanada's announcement came as a surprise since Dome
+  was waiting for responses from creditors on its proposed
+  refinancing packages, Gobert said.
+      The TransCanada proposal could open the bidding for Dome
+  since other potential buyers were probably waiting for lenders
+  to agree to a restructuring, he added.
+      "I would think that the debtholders would want to entertain
+  any and all offers (for Dome)," Gobert said.
+      Dome spokesman David Annesley said in New York that
+  TransCanada's announcement could be seen as an attempt to fix
+  the bidding price for Dome and an effort to preclude other
+  possible buyers from making an offer. "By drawing attention to
+  us in our discussions, it means that others may be a little
+  reluctant to come forward," he said.
+      Dome does not consider TransCanada's proposal a formal
+  offer because the pipeline utility's announcement breached a
+  confidential agreement between the two companies, he said.
+      Dome responded to the statement by suspending discussions
+  with TransCanada in order to pursue talks with other
+  unidentified parties. However, Dome said its management and
+  financial advisers would evaluate all proposals, including
+  TransCanada's.
+      Gowland said TransCanada's offer is probably a fair price
+  for the company's 36.1 mln acres of oil and gas land holdings.
+      However, he said not enough financial details are known
+  about Dome's debt restructuring to compare the value of
+  TransCanada's proposed offer.
+  
+
diff --git a/reuters/test/16216 b/reuters/test/16216
new file mode 100644
index 0000000000000000000000000000000000000000..453fdf4ac0854c0f013bb401961d515ad3f7047b
--- /dev/null
+++ b/reuters/test/16216
@@ -0,0 +1,71 @@
+SOSNOFF RAISES BID FOR CAESARS WORLD <CAW>
+  Investor Martin T. Sosnoff said he has
+  raised his offer for Caesars World Inc shares to 32 dlrs each
+  from 28 dlrs and has reduced the number of shares he is seeking
+  to 29.1 mln from all those not already owned.
+      In a newspaper advertisement, Sosnoff said the bid by his
+  MTS Acquisition Corp, withdrawal rights and the proration
+  period will now expire June 19 unless extended. The offer had
+  been scheduled to expire May 15. In late March, Sosnoff said he
+  had received a "negligible" number of shares in response to the
+  offer, which had been rejected by Caesars as inadequate.
+      Sosnoff already owns about four mln of Caesars' 30 mln
+  common shares now outstanding, or a 13.3 pct interest on a
+  primary basis.
+      Last week, Caesars' board approved a recapitalization plan
+  as an alternative to the Sosnoff offer under which shareholders
+  would receive a special dividend of 25 dlrs per share, subject
+  to approval by shareholders at a special meeting to be held in
+  June.
+      The company planned to borrow 200 mln dlrs and sell 800 mln
+  dlrs in debt to finance the payout.
+      Sosnoff said in the newspaper advertisement that the
+  amended offer is conditioned on receipt of enough shares to
+  give him a majority interest on a fully diluted basis and on
+  the arrangement of financing, as well as to approvals by New
+  Jersey and Nevada gaming authorities.
+      He said the tender would be the first step in acquiring all
+  of Caesars' shares and if successful would be followed by a
+  merger transaction.
+      Sosnoff said later in a statement that the 29.1 mln shares
+  he is now seeking, together with the 4,217,675 shares he owns,
+  would give him a 92.4 pct interest on a fully diluted basis.
+      He said he still has received only a "negligible" number of
+  shares in response to his tender.
+      In a letter to Caesars' chairman Henry Gluck included in
+  the statement, Sosnoff said Gluck had again refused, on April
+  8, to meet with him, even though he had said he was willing to
+  increase the price of his offer.
+      Sosnoff said the financing for the offer is almost fully in
+  place.
+      Sosnoff said PaineWebber Group Inc <PWJ> has now delivered
+  to him commitments to purchase up to 475 mln dlrs of increasing
+  dividend cumulative exchangeable preferred stock of MTS Holding
+  Corp, an indirect parent corporation of MTS Acquisition.
+      He said Marine Midland Banks Inc <MM>, which leads a
+  syndicate that has provided commitments for a 500 mln dlr
+  margin facility, believes it will be able to arrange for
+  further commitments under the margin facility to advance up to
+  an additional 25 mln dlrs that may be needed to permit the
+  purchase of shares under the offer.
+      Sosnoff said under the merger that would follow his tender,
+  each of the 2,750,000 Caesars shares not covered by the offer,
+  or 7.6 pct on a fully diluted basis, would be converted into
+  Series A preferred stock valued at 32 dlrs per shareby an
+  independent investment baking firm.
+      He said "To the extent that fewer than 29,100,000 sdhares
+  are purchased in the offer, the stockholders would receive a
+  combination of cash and Series A preferred stock having a value
+  of 32 dlrs per share of Caesars."
+      Sosnoff said he believes terms of his offer are superior to
+  Caesars' recapitalization.
+      Sosnoff said he will be meeting this week with gaming
+  officials in Nevada in an effort to expedite the investigatory
+  process required for regulatory approval, a process that it
+  already underway in New Jersey.
+      He said his offer has been extended based on the likely
+  duration of the regulatory process.
+      He said he intends to further extend the offer if the
+  approval process is not completed by the expiration date.
+  
+
diff --git a/reuters/test/16219 b/reuters/test/16219
new file mode 100644
index 0000000000000000000000000000000000000000..5850c3a74d950ac8a5c0ef22f782a2a7470f4930
--- /dev/null
+++ b/reuters/test/16219
@@ -0,0 +1,10 @@
+COMPACT VIDEO INC <CVSI.O> YEAR LOSS
+  Shr loss 67 cts vs loss two cts
+      Net loss 3,721,000 vs loss 107,000
+      Revs 155.7 mln vs 24.2 mln
+      NOTE: Results for 12 months ended Dec 31, 1986, and eight
+  months ended Dec 31 1985. Because of the acquisition of Brooks
+  Drug in September 1986 and the company's change of fiscal year,
+  prior-year results are not comparable, Compact Video explained.
+  
+
diff --git a/reuters/test/16221 b/reuters/test/16221
new file mode 100644
index 0000000000000000000000000000000000000000..d0d5666d2651156d32595b77115e9b19b6f86a18
--- /dev/null
+++ b/reuters/test/16221
@@ -0,0 +1,6 @@
+NEWORLD BANK FOR SAVINGS <NWOR> 1ST QTR NET
+  Oper shr 45 cts vs 26 cts
+      Oper net 2,258,000 vs 1,166,000
+      NOTE: 1986 net excludes 842,000 dlr tax credit.
+  
+
diff --git a/reuters/test/16223 b/reuters/test/16223
new file mode 100644
index 0000000000000000000000000000000000000000..d2c38787e46912a06082a3af0d3da865a240f4a9
--- /dev/null
+++ b/reuters/test/16223
@@ -0,0 +1,5 @@
+USAIR TO BUY 55 PCT OF 17.0 MLN PIEDMONT SHARES TENDERED
+
+  USAIR TO BUY 55 PCT OF 17.0 MLN PIEDMONT SHARES TENDERED
+  
+
diff --git a/reuters/test/16225 b/reuters/test/16225
new file mode 100644
index 0000000000000000000000000000000000000000..d4baa2be23ea932cb5a4204e071a6a7cad1852af
--- /dev/null
+++ b/reuters/test/16225
@@ -0,0 +1,16 @@
+PAKISTAN CONFIRMS KENYA TEA IMPORT INVESTIGATION
+  Pakistan's Corporate Law Authority,
+  CLA, has begun an enquiry into imports of tea from Kenya and
+  the trade imbalance between the two countries, CLA chairman
+  Irtiza Husain confirmed.
+      He told Reuters by telephone that importers Liptons and
+  Brooke Bond had been asked to supply data to the authority and
+  a hearing would be held.
+      The CLA would then report back to the Commerce Ministry,
+  which had requested the enquiry. Husain said no date had yet
+  been set for the hearing and declined to give further details
+  of the matter.
+      Industry sources told Reuters reports that the companies'
+  tea import licences had been suspended were incorrect.
+  
+
diff --git a/reuters/test/16226 b/reuters/test/16226
new file mode 100644
index 0000000000000000000000000000000000000000..14b89f83e2b1592a21a0c28811c6f1517bef7b68
--- /dev/null
+++ b/reuters/test/16226
@@ -0,0 +1,65 @@
+PORTUGUESE ECONOMY REMAINS BUOYANT DESPITE CRISIS
+  Portugal's economy, which has been
+  enjoying one of its most buoyant periods in more than a decade,
+  may now be strong enough to shrug off the country's latest
+  government crisis, analysts said.
+      But the April 3 ousting of Prime Minister Anibal Cavaco
+  Silva's government could slow economic reforms and investment
+  as Portugal continues to adapt to membership in the European
+  Community, which it joined in January last year, they said.
+      Cavaco Silva's minority Social Democratic Party, PSD, was
+  toppled in a parliamentary censure vote by left-wing parties.
+      The centre-right administration had made economic growth
+  reform a priority in its 17 months in office.
+      In 1986, Portugal's economy grew four pct, its current
+  account surplus swelled to more than one billion dlrs and
+  inflation fell to 10 pct, from 20 pct in 1985.
+      Analysts and businessmen said the prospects of instability
+  were worrying but they felt the foundations for continued
+  growth had not been badly shaken.
+      "The economy has developed a certain self-confidence that is
+  now less dependent on the political situation," said Fritz
+  Haser, economics professor at Universidade Livre, Lisbon.
+      "The market doesn't see this as a real crisis yet," economist
+  Jorge Braga de Macedo told Reuters.
+      Businessmen have identified political instability over the
+  last 13 years as one of the biggest obstacles to lasting
+  economic progress.
+      The PSD administration was the 16th formed since the 1974
+  revolution.
+      Portugal's developing stock markets, however, remain
+  buoyant. Brokers and unit trust managers said the recent surge
+  in economic confidence under the PSD rule was still largely
+  underpinned by continuing optimistic forecasts.
+      Investment grew nearly 10 pct in 1986 and a Bank of
+  Portugal forecast, released on the day the PSD government fell,
+  predicted the pace of investment and overall economic growth
+  would remain at similar levels this year.
+      But analysts said the crisis interrupted current policies
+  and could slow economic development.
+      Soares, who is expected to announce a decision by the end
+  of the month, can either call early elections or form a new
+  government from parties in the existing left wing-dominated
+  parliament.
+      Many businessmen said they strongly favoured quick
+  elections as the best solution. "There is a good chance that a
+  majority government could result from early elections,"
+  Confederation of Portuguese Industry (CIP) president Pedro
+  Ferraz da Costa said.
+      He said they were optimistic this could mean the
+  continuation in the near future of liberalisation policies
+  introduced over the last year.
+      The left-wing parties favour a parliamentary solution, but
+  the PSD said it wants an early election in which opinion polls
+  say they could win an overall majority.
+      A PSD majority would also open the way for more
+  wide-ranging reforms, such as relaxation of labour laws and
+  possible denationalisation of industry, the analysts said.
+      Cavaco Silva has accused the left-wing opposition parties
+  of blocking key economic reforms.
+      The left-wingers said Portugal's positive economic results
+  were more the product of favourable international conditions
+  such as cheaper oil and raw material imports, than of PSD
+  policies.
+  
+
diff --git a/reuters/test/16228 b/reuters/test/16228
new file mode 100644
index 0000000000000000000000000000000000000000..579d6e9a9c41e12e2dd02aca9a4576437d058113
--- /dev/null
+++ b/reuters/test/16228
@@ -0,0 +1,5 @@
+MERRILL LYNCH FIRST QTR SHR ONE DLR VS 85 CTS
+
+  MERRILL LYNCH FIRST QTR SHR ONE DLR VS 85 CTS
+  
+
diff --git a/reuters/test/16230 b/reuters/test/16230
new file mode 100644
index 0000000000000000000000000000000000000000..384e9a5147d8754d06166fe94ddaff146b3f1706
--- /dev/null
+++ b/reuters/test/16230
@@ -0,0 +1,7 @@
+MERRILL LYNCH AND CO <MER> 1ST QTR NET
+  Shr primary one dlr vs 85 cts
+      Shr diluted 97 cts vs 81 cts
+      Net 108.6 mln vs 86.8 mln
+      Rev 2.70 billion vs 2.17 billion
+  
+
diff --git a/reuters/test/16232 b/reuters/test/16232
new file mode 100644
index 0000000000000000000000000000000000000000..2984635c63923b4113c5d85dd8fa66225c42e17b
--- /dev/null
+++ b/reuters/test/16232
@@ -0,0 +1,13 @@
+CORONA <ICR.TO> FAVORS ROYEX <RGM.TO> OFFER
+  International Corona Resources Ltd said
+  its board of directors believes that terms of Royex Gold Mining
+  Corp's previously announced offer are fair and reasonable, but
+  it decided it will make no recommendation on the offer to its
+  shareholders.
+      Royex on March 31 offered to buy four mln Corona shares.
+  For each Corona share it offered four dlrs cash, one series B
+  share of Royex, one series C share of Royex and one share
+  purchase warrant. It also bid for all Corona warrants expiring
+  Aug 31, 1987.
+  
+
diff --git a/reuters/test/16233 b/reuters/test/16233
new file mode 100644
index 0000000000000000000000000000000000000000..daa962806517d908681b7ab8a0c296a53dbd89d5
--- /dev/null
+++ b/reuters/test/16233
@@ -0,0 +1,22 @@
+S.ATLANTIC <SOAF.O>, INDEPENDENCE <INHO.O> MERGE
+  South Atlantic Financial Corp
+  said it has agreed in principle to merge with Independence
+  Holding Co into a new company to be called SAFCO International
+  Ltd.
+      It said each South Atlantic share would be exchanged for
+  one SAFCO share and each Independence share for 2.822 SAFCO
+  shares.
+      Independence now owns about 40 pct of South Atlantic's 9.8
+  mln primary common shares.
+      South Atlantic said said its chairman and chief executive
+  officer Sheldon S. Gordon would have the same posts with SAFCO
+  and Independence president Ronald G. Strackbein would be
+  president of SAFCO.
+      The company said the transaction is subject to execution of
+  definitive agreements, the receipt of fairness opinions from
+  investment banks and approval by boards and shareholders of
+  both companies.  It said proxy materials are expected to be
+  maioled this quarter.   Both South Atlantic and Independence
+  are insurance companies.
+  
+
diff --git a/reuters/test/16234 b/reuters/test/16234
new file mode 100644
index 0000000000000000000000000000000000000000..a72e3e14099b38ac6b8edea68ca7529d0c9c49d3
--- /dev/null
+++ b/reuters/test/16234
@@ -0,0 +1,8 @@
+HOME FEDERAL UPPER EAST TENNESSEE <HFET> 1ST QTR
+  Shr 47 cts vs not given
+      Net 2,100,000 vs 1,277,000
+      NOTE: Company went public in fourth quarter of 1986.
+      Home Federal Savings and Loan Association of Upper East
+  Tennessee.
+  
+
diff --git a/reuters/test/16236 b/reuters/test/16236
new file mode 100644
index 0000000000000000000000000000000000000000..686d139ff8bc2c43687d87fd342e0463ad1d523e
--- /dev/null
+++ b/reuters/test/16236
@@ -0,0 +1,14 @@
+U.S. FEEDER STEER PRICE
+  The U.S. Feeder Steer Price, or USFSP,
+  as posted by the CME is calculated by Cattle Fax and represents
+  the price used for cash settlement of the CME Feeder Cattle
+  contract.
+      The USFSP is a seven-calendar-day average of feeder steer
+  prices from 27 states, based on auction and direct country
+  sales for feeder steers that weigh between 600 and 800 lbs and
+  are estimated to grade between 60 and 80 pct choice when fed to
+  slaughter weight.
+      April 9         Previous quote
+      70.03             69.87
+  
+
diff --git a/reuters/test/16238 b/reuters/test/16238
new file mode 100644
index 0000000000000000000000000000000000000000..7913d60c15d390e269380ae6a3fee14cd9303f2f
--- /dev/null
+++ b/reuters/test/16238
@@ -0,0 +1,39 @@
+COLUMBIA GAS <CG> SEEKS CONTRACT COST RECOVERY
+  Columbia Gas Transmission
+  corp said it made an abbreviated, streamlined filing with the
+  Federal Energy Regulatory Commission to recover a portion if
+  its costs of renegotiating high-cost gas purchase contracts.
+      Recently, the Columbia Gas System Inc pipeline subsidiary
+  said, FERC denied on procedural grounds and without prejudice a
+  proposal to include these costs in the company's most recent
+  purchased gas adjustment -- or PGA -- filing.
+      Noting it has has asked for a rehearing on the denial
+  ruling, Columbia Gas said it would withdraw its alternative
+  filing if the commission grantes its request for a rehearing to
+  include the contract renegotiation costs in its PGA or
+  consolidates this issue in the pipeline's general rate filing
+  and permit recovery, subject to refund, effective April one.
+      The company said the alternative filing seeks to recover
+  about 79 mln dlrs a year through the pipeline's non-gas sales
+  commodity rates. This annual amortization amount is based on
+  recovery of about 653 mln drls over an 8-1/4 year period,
+  beginning April 1, 1987.
+      Columbia Gas said the filing would increase the pipeline
+  commodity rates by 15.74 cts per mln Btu to 2.95 dlrs per mln.
+      The company said it orginially sought to include these
+  costs in its PGA since the payments to products resulted in
+  almost five billion dlrs in prospective price relief and were
+  not related to take-or-pay buyout costs.
+      It explained this interpretation was based on FERC's April
+  10, 1985, Statement of Policy which said that only take-or-pay
+  buyout costs must be recovered through a general rate filing
+  under the Natural Gas Act.
+      As a result of renegotiating contracts for high-cost gas,
+  Columbia Gas said, it has been able to reduce the average price
+  paid for gas purchased from Southwest producers to 1.96 dlrs
+  per mln Btu in December 1986 from 3.64 dlrs per mln in April
+  1985.
+      The pipeline said Southwestern producers account for 46 pct
+  of its total available gas supply this year.
+  
+
diff --git a/reuters/test/16241 b/reuters/test/16241
new file mode 100644
index 0000000000000000000000000000000000000000..54effd2b8bb21e3798067c9236ab6399efb1716c
--- /dev/null
+++ b/reuters/test/16241
@@ -0,0 +1,21 @@
+HUNGARY RAISES PRICES IN EFFORT TO CURB DEFICIT
+  Hungary has announced sharp price
+  increases for a range of food and consumer products as part of
+  its efforts to curb a soaring budget deficit.
+      The official MTI news agency said the government decided
+  consumer price subsidies had to be cut to reduce state
+  spending. From today the price of meat will rise by an average
+  18 pct and that of beer and spirits by 10 pct, MTI said.
+      The measures are also aimed at cooling an overheated
+  economy, and could help dampen Hungarians' appetite for
+  imported Western goods which consume increasingly expensive
+  hard currency, the diplomats said.
+      The diplomats also said, however, that they did not expect
+  the kind of social unrest that followed sharp price rises in
+  other East Bloc states, notably Poland.
+      MTI said consumer goods will also become more expensive,
+  with the price of refrigerators rising some five pct. It also
+  announced a number of measures to ease hardship, including
+  higher pensions and family allowances.
+  
+
diff --git a/reuters/test/16243 b/reuters/test/16243
new file mode 100644
index 0000000000000000000000000000000000000000..5f32a66bdfa364d31f4a07ac9055c8dca624c064
--- /dev/null
+++ b/reuters/test/16243
@@ -0,0 +1,5 @@
+P.H. GLATFELTER CO SAYS IT WILL BUY ECUSTA CORP FOR 149 MLN DLRS IN CASH
+
+  P.H. GLATFELTER CO SAYS IT WILL BUY ECUSTA CORP FOR 149 MLN DLRS IN CASH
+  
+
diff --git a/reuters/test/16244 b/reuters/test/16244
new file mode 100644
index 0000000000000000000000000000000000000000..1c5b5077f7a6d586bf9ea19655360a734d5aebee
--- /dev/null
+++ b/reuters/test/16244
@@ -0,0 +1,11 @@
+FAMILY HEALTH SYSTEMS INC <FHSY> 2ND QTR FEB 28
+  Shr profit one ct vs nil
+      Net profit 74,000 vs profit 10,000
+      Revs 925,000 vs 112,000
+      Avg shrs 10 mln vs nine mln
+      Six mths
+      Shr loss nil vs loss one ct
+      Net loss 16,000 vs loss 90,000
+      Revs 1,855,000 vs 333,000
+  
+
diff --git a/reuters/test/16246 b/reuters/test/16246
new file mode 100644
index 0000000000000000000000000000000000000000..5ab26f6a57d88a0042e97cc74b4d15006e6425a0
--- /dev/null
+++ b/reuters/test/16246
@@ -0,0 +1,13 @@
+INTERNATIONAL BUSINESS MACHINES CORP <IBM> NET
+  1st qtr
+      Shr 1.30 dlrs vs 1.65 dlrs
+      Net 785 mln vs 1.02 billion
+      Gross income 10.68 billion vs 10.13 billion
+      Avg shrs 604.6 mln vs 615.6 mln
+      NOTE: Pretax net 1.34 billion vs 1.83 billion.
+      Sales 6.50 billion vs 6.10 billion, maintenance gross
+  income 1.95 billion vs 1.77 billion, program products gross
+  income 1.40 billion vs 1.15 billion and rentals and other
+  services 825 mln vs 1.10 billion.
+  
+
diff --git a/reuters/test/16247 b/reuters/test/16247
new file mode 100644
index 0000000000000000000000000000000000000000..ec7577320c6d36743b085912daac807e63d5fd29
--- /dev/null
+++ b/reuters/test/16247
@@ -0,0 +1,9 @@
+USAIR <U> REPORTS FINAL PRORATION FACTOR
+  USAir Group Inc said, in announcing
+  the final proration factor for its tender offer for Piedmont
+  Aviation Inc <PIE>, that 17.0 mln shares, or 90 pct of the
+  shares were validly tendered.
+      USAir said it has purchased and will pay for 9.3 mln
+  shares, representing about 55 pct of those tendered.
+  
+
diff --git a/reuters/test/16248 b/reuters/test/16248
new file mode 100644
index 0000000000000000000000000000000000000000..22db4bb5828b761d2f32ef4016ab4361dc281e16
--- /dev/null
+++ b/reuters/test/16248
@@ -0,0 +1,24 @@
+MORE BRITISH GOLD ARTICLES HALLMARKED
+  The number of British gold articles
+  hallmarked during the first quarter of this year rose by more
+  than 11 pct on the corresponding period last year, figures
+  released by the Assay Offices of Great Britain show.
+      More than 2.5 mln British items were hallmarked during the
+  quarter, up 11.1 pct on the same year ago period. The four
+  Assay Offices also marked 832,222 foreign gold articles, up 2.5
+  pct on last year.
+      In weight terms the 7.19 mln grams of British gold assayed
+  was a 15.3 pct increase, while the 2.95 mln grams of foreign
+  gold represented a rise of 3.1 pct.
+      British silver goods assayed totalled 698,132, an increase
+  of 6.2 pct but only 78,457 foreign items were marked, a fall of
+  11.1 pct.
+      A total of 10,968 kilos of silver were assayed, an 11.1 pct
+  rise.
+      The number of platinum items marked fell 12.5 pct to 1,785,
+  while in weight terms the total slipped 8.1 pct to 9,849 grams.
+      A spokesman for the Assay Offices of Great Britain said he
+  was particularly encouraged to see the percentage increase for
+  British manufactured goods.
+  
+
diff --git a/reuters/test/16250 b/reuters/test/16250
new file mode 100644
index 0000000000000000000000000000000000000000..987c0a357f055a4d57981e71b48414a87331e901
--- /dev/null
+++ b/reuters/test/16250
@@ -0,0 +1,17 @@
+SWISS SIGHT DEPOSITS FALL 4.64 BILLION FRANCS
+  Sight deposits of commercial banks at
+  the Swiss National Bank fell 4.64 billion Swiss francs to 7.88
+  billion in the first 10 days of April, the National Bank said.
+      Foreign exchange reserves rose by 9.4 mln francs to 33.12
+  billion.
+      Sight deposits are an important measure of money market
+  liquidity in Switzerland.
+      The National Bank said banks repaid around 5.8 billion
+  francs of traditional central bank credit taken out to meet
+  their end-of-quarter liquidity requirements. This was partially
+  offset by new swap arrangements.
+      Bank notes in circulation fell 440.2 mln francs to 24.48
+  billion while other deposits on call at the National Bank --
+  mainly government funds -- fell 840.5 mln francs to 941.5 mln.
+  
+
diff --git a/reuters/test/16251 b/reuters/test/16251
new file mode 100644
index 0000000000000000000000000000000000000000..1949a277e6e201b85e5299b23b3137ad0e736cf9
--- /dev/null
+++ b/reuters/test/16251
@@ -0,0 +1,14 @@
+U.K. MONEY MARKET GIVEN FURTHER 68 MLN STG HELP
+  The Bank of England said it provided the
+  market with a further 68 mln stg assistance this afternoon,
+  bringing its total assistance on the day to 143 mln stg.
+     Shortly before, the Bank said it had revised its estimate
+  of the shortage up to 450 mln stg from the earlier forecast of
+  400 mln.
+      During the afternoon, the bank bought 22 mln stg of band
+  two bank bills at 9-13/16 pct and two mln stg of local
+  authority bills plus 44 mln stg of bank bills in band four at
+  9-11/16 pct. These rates were in all cases unchanged from
+  previous intervention levels.
+  
+
diff --git a/reuters/test/16252 b/reuters/test/16252
new file mode 100644
index 0000000000000000000000000000000000000000..b98a257b21b7b7899f2747ba5d6004ddc6d499fa
--- /dev/null
+++ b/reuters/test/16252
@@ -0,0 +1,20 @@
+GOODYEAR <GT> PREDICTS FIRST QUARTER NET
+  Goodyear Tire and Rubber Co said it
+  expects to report earnings from continuing operations of over
+  one dlr per share on 71.3 mln average shares outstanding.
+      In last year's first quarter the company lost 60.0 mln dlrs
+  or 55 cts per share on 108.4 mln shares outstanding, after a
+  110.8 mln dlr writedown of oil reserves of its Celeron Corp
+  unit.
+      Goodyear said it will report first quarter results April 27.
+      Goodyear chairman Robert E. Mercer also told the annual
+  meeting that unless there is a major downturn in the economy,
+  it expects to work its debt down to normal levels in three
+  years through its restructuring and cash flow from improved
+  margins.
+      The company set up its restructuring program to fend off a
+  hostile takeover attempt by Sir James Goldsmith.  As part of
+  the restructuring, Goodyear executed a major stock buyback
+  program that resulted in an increase in its debt.
+  
+
diff --git a/reuters/test/16255 b/reuters/test/16255
new file mode 100644
index 0000000000000000000000000000000000000000..78ad57f236033193468c7298f1df32f6e8b1e4ab
--- /dev/null
+++ b/reuters/test/16255
@@ -0,0 +1,9 @@
+HOG AND CATTLE SLAUGHTER GUESSTIMATES
+  Chicago Mercantile Exchange floor
+  traders and commission house representatives are guesstimating
+  today's hog slaughter at about 280,000 to 300,000 head versus
+  294,000 week ago and 303,000 a year ago.
+      Cattle slaughter is guesstimated at about 120,000 to
+  126,000 head versus 120,000 week ago and 124,000 a year ago.
+  
+
diff --git a/reuters/test/16256 b/reuters/test/16256
new file mode 100644
index 0000000000000000000000000000000000000000..e1fe280e2a0478539c7c36bfc5fee6dfe930b83d
--- /dev/null
+++ b/reuters/test/16256
@@ -0,0 +1,24 @@
+TRADE ISSUES STRAINING EC'S PATIENCE WITH JAPAN
+  Member states of the European
+  Community are starting to run out of patience with Japan which
+  they believe has repeatedly promised major initiatives to open
+  its market to imports, but as often made only minor moves.
+      Diplomatic sources here said several recent actions by EC
+  countries bear witness to a new disillusionment with the
+  willingness, or at least the ability, of the Japanese
+  government to reduce its massive trade surplus with the EC.
+      However, they said an all-out trade war may be far off, as
+  EC states know they would suffer almost as much as Japan.
+     Senior EC diplomats gave a generally favourable reaction to
+  an EC executive commission proposal under which the EC could
+  raise tariffs on a range of Japanese products if the U.S.
+  Carries out a threat to make a similar move on April 17.
+      The EC tariffs, which would involve renouncing obligations
+  entered into with the world trade body GATT, would be designed
+  to stop a diversion of exports to the EC market from that of
+  the U.S.
+      The diplomats were meeting as Tokyo announced that the EC's
+  trade deficit with Japan reached a record 2.13 billion dlrs in
+  March, up from 1.94 billion in February.
+  
+
diff --git a/reuters/test/16257 b/reuters/test/16257
new file mode 100644
index 0000000000000000000000000000000000000000..ea5da6fdb573d33e13a0bd3a74b81486e45330f9
--- /dev/null
+++ b/reuters/test/16257
@@ -0,0 +1,30 @@
+EC COULD DECIDE ON JAPAN TRADE MOVES IN LATE MAY
+  The European Community (EC) has
+  effectively given Japan six weeks to take moves to open its
+  market to imports before it decides on possible tough
+  retaliatory trade measures, EC diplomats said.
+      They said EC foreign ministers will meet on May 25 and 26
+  to review the state of trade relations between the two sides.
+      The EC executive commission was asked by representatives of
+  member states on Friday to propose a renunciation of some EC
+  pledges to the world trade body, GATT, unless there are
+  "adequate and early measures to open the Japanese market."
+      Such a renunciation would be the first step to imposing
+  stiff increases in duties, or quantitative limits, on Japanese
+  exports.
+      The diplomats said it was unlikely that the issue would be
+  discussed in detail at the next meeting of EC foreign ministers
+  on April 27 and 28 in Luxembourg as time was needed to prepare
+  proposals for possible retaliatory action.
+      They said the commission has powers to take some limited
+  action before getting ministerial approval to prevent Japanese
+  exports of electrical, photographic and other goods being
+  diverted to Europe following of possible U.S. Tariff moves.
+      In May, the ministers are also likely to discuss how to
+  prevent Japan from getting an extra trading advantage as a
+  result of Spain and Portugal joining the bloc, which obliges
+  them gradually to reduce tariffs on many industrial goods.
+      Japan's trade surplus with the Community has grown
+  steadily, registering a record 2.13 billion dlrs in March.
+  
+
diff --git a/reuters/test/16258 b/reuters/test/16258
new file mode 100644
index 0000000000000000000000000000000000000000..93472d0b37d34e676559677be9e727e8748b9604
--- /dev/null
+++ b/reuters/test/16258
@@ -0,0 +1,12 @@
+P.H. GLATFELTER <GLT> ACQUIRING ECUSTA
+  P.H. Glatfelter Co said it
+  has reached an agreement to acquire all the capital stock of 
+  <Ecusta Corp> for 149,177,857 dlrs in cash.
+      Glatfelter, a printing and writing paper maker, said Ecusta
+  operates an uncoded three sheet and light-weight specialty
+  paper mill in Pisgah Forest, N.C. The mill produces and
+  converts paper products used by the doemstic and foreign
+  tobacco industry.
+      Glatfelter said it expects to close the deal by May 31.
+  
+
diff --git a/reuters/test/16260 b/reuters/test/16260
new file mode 100644
index 0000000000000000000000000000000000000000..ff9134b31fe82ffd41bfc76bdde05ac246238e24
--- /dev/null
+++ b/reuters/test/16260
@@ -0,0 +1,5 @@
+NCR CORP 1ST QTR SHR 65 CTS VS 51 CTS
+
+  NCR CORP 1ST QTR SHR 65 CTS VS 51 CTS
+  
+
diff --git a/reuters/test/16262 b/reuters/test/16262
new file mode 100644
index 0000000000000000000000000000000000000000..f17173d7a79aca8766a732e41254b1fd59aff37c
--- /dev/null
+++ b/reuters/test/16262
@@ -0,0 +1,10 @@
+FIRST MARATHON <FMS.A.TO> PLANS STOCK SPLIT
+  First Marathon Inc said it planned a
+  two-for-one stock split, to be effective on shareholders'
+  approval at the June 4 annual meeting.
+      The financial services company said it also completed the
+  previously reported 29.6 mln dlr private placement of 1.5 mln
+  non-voting preferred shares convertible one-for-one into
+  non-voting class A shares.
+  
+
diff --git a/reuters/test/16263 b/reuters/test/16263
new file mode 100644
index 0000000000000000000000000000000000000000..f32ff3ebd99edcc1c82688656e07c7c39578a470
--- /dev/null
+++ b/reuters/test/16263
@@ -0,0 +1,6 @@
+U.S. BANCORP <USBC> 1ST QTR NET
+  Shr 66 cts vs 57 cts
+      Net 20.0 mln vs 17.1 mln
+      Avg shrs 30.3 mln vs 30.0 mln
+  
+
diff --git a/reuters/test/16264 b/reuters/test/16264
new file mode 100644
index 0000000000000000000000000000000000000000..7be6316ba7b4948538c71cbad55f3e75ed006a7c
--- /dev/null
+++ b/reuters/test/16264
@@ -0,0 +1,32 @@
+IBM <IBM> HAS HIGHER SHIPMENTS, COSTS IN QTR
+  International Business Machines
+  Corp said shipments and revenues were higher in the first
+  quarter, but net earnings fell 22.8 pct in part due to higher
+  expenses.
+      IBM said net income fell to 785 mln dlrs or 1.30 dlrs a
+  share from 1.02 billion dlrs or 1.65 dlrs on about 1.8 pct
+  fewer shares outstanding.
+      While total sales and income rose 5.5 pct to 10.68 billion
+  dlrs from 10.13 billion dlrs, costs and expenses rose 12.1 pct
+  to 9.61 billion dlrs from 8.57 billion in the quarter, the
+  computer maker said.
+      The company said it continues to take actions to make it
+  more competitive, including cost and expense reduction
+  measures.
+      "Although the worldwide economic situation remains
+  unsettled, there are some encouraging signs in our business,"
+  IBM said in a statement.
+      "In addition to the increase in first quarter shipments, we
+  have announced new offerings in our large processor and
+  personal computing product lines," it said.
+      "We have yet to fully benefit from our recent product
+  announcements, retirement incentives and other resource
+  balancing measures, and we expect these actions will have a
+  more significant impact as 1987 progresses," the company added.
+      It said it expects more than 12,000 U.S. employees to take
+  advantage of the retirement incentives announced last year.
+      Pretax earnings fell 27 pct to 1.34 billion dlrs from 1.83
+  billion, IBM said. Pretax margins slipped to 12.5 pct in 1987
+  from 18.1 pct in 1986, it said.
+  
+
diff --git a/reuters/test/16265 b/reuters/test/16265
new file mode 100644
index 0000000000000000000000000000000000000000..030248818d862ca3565e165c1b0768245435719d
--- /dev/null
+++ b/reuters/test/16265
@@ -0,0 +1,14 @@
+ROTTERDAM GRAIN HANDLER SAYS PORT BALANCE ROSE
+  Graan Elevator Mij, GEM, said its
+  balance in port of grains, oilseeds and derivatives rose to
+  146,000 tonnes on April 11 from 111,000 a week earlier after
+  arrivals of 404,000 tonnes and discharges of 369,000 tonnes
+  last week.
+      The balance comprised 21,000 tonnes of grains plus oilseeds
+  and 125,000 tonnes of derivatives.
+      This week's estimated arrivals total 274,000 tonnes, of
+  which 71,000 are grains/oilseeds and 203,000 derivatives.
+      The figures cover around 95 pct of Rotterdam traffic in the
+  products concerned.
+  
+
diff --git a/reuters/test/16266 b/reuters/test/16266
new file mode 100644
index 0000000000000000000000000000000000000000..f8ea73afd8a050d18e2b24365a3ce42530b8bdf0
--- /dev/null
+++ b/reuters/test/16266
@@ -0,0 +1,9 @@
+LINDBERG CORP <LIND> 1ST QTR NET
+  Shr 15 cts vs 15 cts
+      Net 689,561 vs 784,088
+      Sales 19.2 mln vs 19.8 mln
+      Avg shrs 4.7 mln vs 5.3 mln
+      NOTE: 1986 net includes a gain of 108,000 dlrs or two cts a
+  share from proceeds from the sale of property.
+  
+
diff --git a/reuters/test/16268 b/reuters/test/16268
new file mode 100644
index 0000000000000000000000000000000000000000..6019ae759bc2b58d672f65e0b58284822cc749b3
--- /dev/null
+++ b/reuters/test/16268
@@ -0,0 +1,46 @@
+GERMAN INSTITUTES WARN ON MONEY SUPPLY
+  Four of West Germany's five leading
+  economic research institutes warned that excessive monetary
+  growth threatened a resurgence of inflation.
+      But in a dissenting view the DIW institute in West Berlin,
+  echoing recent statements by leading Bundesbank officials, said
+  the expansion seen over the last 1-1/2 years did not
+  necessarily threaten stability.
+      The five institutes issued a joint spring report, in which
+  three -- Kiel, Hamburg and Essen -- forecast a two pct rise in
+  GNP in 1987, while West Berlin and Munich predicted one pct.
+      The four institutes said an expansive policy was welcome in
+  view of the slowdown in economic activity. But experience has
+  shown that strong monetary growth eventually leads to a price
+  rise which undoes the beneficial effects of monetary policy.
+      Given virtual zero inflation in West Germany such fears may
+  seem exaggerated, they said.
+      "But it has often turned out in the past that the price
+  climate can quickly deteriorate, forcing the central bank into
+  a restrictive policy," they said.
+      The economic costs of a preventive stability policy are
+  less than fighting inflation once it has taken hold, they said.
+      The four institutes disputed the view that monetary
+  expansion would slow of its own accord in 1987 as domestic
+  investors switch liquidity into longer term capital market
+  investments following lower interest rates.
+      "Such redispositions may temporarily dampen the expansion of
+  central bank money stock, but do not automatically lead to a
+  smaller expansion of money supply," they said.
+      A return to growth and stability did not require
+  spectacular central bank moves, but could be done quietly with
+  open market operations and repurchase pacts, which would avoid
+  an interest rate rise by dampening inflationary expectations.
+      The DIW institute said monetary policy should not be
+  focused simply on growth of production potential. Because of
+  uncertainty about exchange rate developments and economic
+  weakness other factors should be taken into account.
+      Monetary policy should aim for further interest rate cuts
+  and avoid rises to boost the economy and discourage revaluation
+  speculation. Recent strong monetary expansion was not a threat
+  in itself to price stability.
+      The 1979/81 inflation following strong 1977/78 money growth
+  reflected other causes, such as rising oil prices and the
+  falling mark.
+  
+
diff --git a/reuters/test/16269 b/reuters/test/16269
new file mode 100644
index 0000000000000000000000000000000000000000..d06ae3059c318dec1fdf8d344f930264e9317a82
--- /dev/null
+++ b/reuters/test/16269
@@ -0,0 +1,7 @@
+NCR CORP <NCR> 1ST QTR NET
+  Shr 65 cts vs 51 cts
+      Net 61.5 mln vs 50.2 mln
+      Revs 1.12 billion vs 960.8 mln
+      Avg shrs 95.3 mln vs 99.4 mln
+  
+
diff --git a/reuters/test/16270 b/reuters/test/16270
new file mode 100644
index 0000000000000000000000000000000000000000..cf0e4214f688102e9b2ec0f23257a3107080b9a2
--- /dev/null
+++ b/reuters/test/16270
@@ -0,0 +1,12 @@
+GERMAN PRODUCER PRICES FALL 0.1 PCT IN MARCH
+  West German producer prices fell 0.1
+  pct in March compared with February to stand 3.9 pct lower than
+  in March last year, the Federal Statistics Office said.
+      In February, producer prices fell 0.3 pct from January and
+  dropped 4.2 pct from their levels a year earlier.
+      The Statistics Office said producer prices for natural gas
+  had fallen 3.0 pct in March against February, heavy heating oil
+  prices were 3.2 pct down, liquefied gas prices fell 14 pct and
+  coffee was 7.4 pct cheaper.
+  
+
diff --git a/reuters/test/16271 b/reuters/test/16271
new file mode 100644
index 0000000000000000000000000000000000000000..4585819fd0130ec14f4573e63d8aa2627d1d6c0f
--- /dev/null
+++ b/reuters/test/16271
@@ -0,0 +1,27 @@
+USDA CHANGES LOW PROTEIN WHEAT TERMINAL PRICES
+  The U.S. Agriculture Department has
+  lowered its ASCS terminal prices for low protein hard red
+  winter and hard red spring wheat at a number of locations, a
+  senior USDA official said.
+      USDA reduced the price of hard red winter wheat at Kansas
+  City and Texas by six cents, at Minneapolis and Duluth by 32
+  cents and at St Louis by nine cents, Ralph Klopfenstein, deputy
+  administrator of commodity operations at the Agricultural
+  Stabilization and Conservation Service, said.
+      The department also lowered the terminal price of hard red
+  spring wheat at Minneapolis and Duluth by 32 cents, he said.
+      In addition, USDA cut the Pacific Northwest price of hard
+  red spring wheat by 31 cents, USDA officials who asked not to
+  be identified said.
+      The officials said hard red spring wheat prices at Chicago,
+  Denver and Toledo were adjusted by about the same amount as at
+  Pacific Northwest, Duluth and Minneapolis.
+      The price changes should lead to a pickup of PIK and roll
+  activity, Klopfenstein said. The price change was decided upon
+  last week and will be effective today, he said.
+      Klopfenstein also said the department raised the premiums
+  on high protein wheat to offset the drop in low protein wheat
+  prices, meaning the net price on any wheat commanding a protein
+  premium would remain unchanged.
+  
+
diff --git a/reuters/test/16274 b/reuters/test/16274
new file mode 100644
index 0000000000000000000000000000000000000000..7e3200e585511720459ddcbb231565bad9015f62
--- /dev/null
+++ b/reuters/test/16274
@@ -0,0 +1,11 @@
+FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES
+  The Federal Home Loan Bank Board
+  adjusted the rates on its short-term discount notes as follows:
+      MATURITY   NEW RATE  OLD RATE  MATURITY
+    30-140 days  5.00 pct  5.00 pct   30-179 days
+   141-160 days  6.13 pct  6.08 pct  180-200 days
+   161-182 days  5.00 pct  5.00 pct  201-274 days
+   183-200 days  6.17 pct  6.18 pct  275-290 days
+   201-360 days  5.00 pct  5.00 pct  291-360 days
+  
+
diff --git a/reuters/test/16275 b/reuters/test/16275
new file mode 100644
index 0000000000000000000000000000000000000000..5f9b7134061d5582f37c1effe35b5181ad3e449b
--- /dev/null
+++ b/reuters/test/16275
@@ -0,0 +1,14 @@
+GALILEO ELECTRO-OPTICS CORP <GAEO> 2ND QTR
+  Shr 51 cts vs 40 cts
+      Net 1.4 mln vs 851,000
+      Revs 9.8 mln vs 6.5 mln
+      Six months
+      Shr 74 cts vs 50 cts
+      Net 2.0 mln vs 1.1 mln
+      Revs 17.7 mln vs 11.3 mln
+      Avg shrs 2.7 mln vs 2.1 mln
+      NOTE:Quarter ended March 31. 1987 six months includes
+  charge of 115,000 dlrs due to reversal of investment tax
+  credits.
+  
+
diff --git a/reuters/test/16277 b/reuters/test/16277
new file mode 100644
index 0000000000000000000000000000000000000000..f4ccf6cfbd77b03251c91be7b960458a0941df03
--- /dev/null
+++ b/reuters/test/16277
@@ -0,0 +1,29 @@
+BOSTON FIVE <BFCS.O>, NEWORLD <NWOR.O> TO MERGE
+  Boston Five Cents Savings Bank said it
+  and Neworld Bank for Savings have agreed to merge, forming a
+  new holding company, Boston Five Bancorp.
+      Boston Five said the proposal calls for its holders to
+  receive 1.163 shares of the new company's stock for each share
+  now held and for Neworld Bank holders to recieve one share for
+  each share held in a tax free exchange.
+      Boston Five said the planned merger with Newworld Bank for
+  Savings Will create the largest savings bank in Massachusetts
+  and the third largest in New England with combined assets of
+  3.1 billion dlrs.
+      Boston Five chairman Robert J. Spiller said "There is a
+  natural fit between both banks. We consider this to be a merger
+  of equals."
+      Spiller will become Chairman of Boston Five Bancorp and
+  Neworld president James M. Oates will be president and chief
+  executive officer. 
+      Boston Five said its President, Peter J. Blampied, will
+  become vice chairman and chief operating officer of the holding
+  company. The board of the holding company will have an equal
+  number of directors from each institution.
+      "Unlike many recent combinations, this merger has no
+  acquisition premium associated with it," Blampied said.
+      Boston Five has assetsof 1.9 billion dlrs and 35 officers.
+  Neworld has assets of 1.2 billion dlrs and 24 officers in
+  Massachusetts. It also has a loan center in New Hampshire.
+  
+
diff --git a/reuters/test/16278 b/reuters/test/16278
new file mode 100644
index 0000000000000000000000000000000000000000..86e5a0464044a60607cc52ed051208ce7686f4a4
--- /dev/null
+++ b/reuters/test/16278
@@ -0,0 +1,37 @@
+COOPERVISION <EYE> FORMS RECAPITALIZATION PLAN
+  Coopervision Inc said it is
+  preparing a recapitalization plan, which includes a common
+  stock repurchase program and an exchange of debt securities for
+  common stock.
+      The plan, along with a proposal to change its name to
+  Cooper Cos Inc, will be submitted for shareholders' approval at
+  the company's annual meeting on June 22.
+      The meeting had been postponed from its original date of
+  May 14 in order to let management review recapitalization
+  options, it said.
+      In addition, Coopervision said operating income in its
+  current fiscal quarter ending April 30 is expected to show an
+  improvement over its prior fiscal quarter's 82.5 mln dlrs and
+  its year ago quarter.
+      Income from continuing operations was not immediately
+  availalbe for the prior year's second quarter in which it
+  reported a net loss of 14.9 mln dlrs.
+      At a Drexel Burnham Lambert Investor Conference,
+  Coopervision chairman Parker Montgomery said, as previously
+  announced, he will listen to any bid that makes sense for
+  shareholders.
+      He also said Coopervision's stock fell in 1986 due to its
+  second quarter loss, rumors of a liquidation at 30 dlrs and 35
+  dlrs a share, and Ivan Boesky's subsequent sale of his
+  position.
+      "The stock dropped six dlrs in three days after Boesky sold
+  his position and has never recovered," Montgomery said. The
+  company's stock is currently trading at 19-1/4.
+      Montgomery further told the conference, "Don't be an
+  investor in the stock on the basis of any short term recovery
+  in operating or net income in 1987 and 1988."
+      "Our concentration is on maintaining or increasing market
+  share in our core businesses this year and next, regardless of
+  the impact to the bottom line," he said.
+  
+
diff --git a/reuters/test/16279 b/reuters/test/16279
new file mode 100644
index 0000000000000000000000000000000000000000..b78ba2785fc458c54e8be1e9c35c1f5963e9104e
--- /dev/null
+++ b/reuters/test/16279
@@ -0,0 +1,9 @@
+COLOMBIA JUNE COFFEE REGISTRATIONS OPENED
+  Colombia has opened coffee
+  registrations for June shipment with no limit set for private
+  exporters, as in April and May, a National Coffee Growers'
+  Federation official said.
+      Colombia has sold an average of 900,000 bags per month
+  since the beginning of the calendar year.
+  
+
diff --git a/reuters/test/16281 b/reuters/test/16281
new file mode 100644
index 0000000000000000000000000000000000000000..50f180fd7c538482415033161fa669c882512ad2
--- /dev/null
+++ b/reuters/test/16281
@@ -0,0 +1,5 @@
+CANADA LEADING INDICATOR UP 0.4 PCT IN JANUARY AFTER 0.4 PCT DECEMBER RISE - OFFICIAL
+
+  CANADA LEADING INDICATOR UP 0.4 PCT IN JANUARY AFTER 0.4 PCT DECEMBER RISE - OFFICIAL
+  
+
diff --git a/reuters/test/16282 b/reuters/test/16282
new file mode 100644
index 0000000000000000000000000000000000000000..2392b5ee746e329b0e52ff91288ecb473e7cb4b7
--- /dev/null
+++ b/reuters/test/16282
@@ -0,0 +1,12 @@
+SPANISH MONEY SUPPLY GROWING AT DOUBLE TARGET PACE
+  Spain's principal measure of money
+  supply, the broad-based liquid assets in public hands (ALP),
+  grew at an annualised rate of 17.6 pct in March against 16.6
+  pct in February and 19.6 pct in March last year, provisional
+  Bank of Spain figures show.
+      The bank's target range for this year is 6.5 to 9.5 pct,
+  and Bank of Spain Governor Mariano Rubio said this month he was
+  aiming for the lower end of that range.
+      ALP grew by 11.4 pct during 1986.
+  
+
diff --git a/reuters/test/16283 b/reuters/test/16283
new file mode 100644
index 0000000000000000000000000000000000000000..c99cef178daa52aa31a7faeb2d7b628106b1a1ab
--- /dev/null
+++ b/reuters/test/16283
@@ -0,0 +1,12 @@
+REEBOK INTERNATIONAL LIMITED <RBK> 1ST QTR
+  Shr 72 cts vs 52 cts
+      Net 38.6 mln vs 25 mln
+      Revs 281.8 mln vs 174.5 mln
+      Avg shrs 53.5 mln vs 48.2 mln
+      NOTE: 1987 1st quarter amounts do not includes sales of
+  AVIA Group International Inc, acquired at the end of the first
+  quarter. 1987 1st quarter revenues include Rockport revenues of
+  31 mln dlrs. 1986 1st quarter amounts do not include Rockport,
+  as Reebok acuqired that company in October 1986.
+  
+
diff --git a/reuters/test/16284 b/reuters/test/16284
new file mode 100644
index 0000000000000000000000000000000000000000..1e96741d2ae626c5b6273982a358fe5b1836042a
--- /dev/null
+++ b/reuters/test/16284
@@ -0,0 +1,16 @@
+BLOUNT INC <BLT> 4TH QTR NET
+  Oper shr 16 cts vs three cts
+      Oper net 1,930,000 vs 391,000
+      Revs 313.9 mln vs 308.9 mln
+      Avg shrs 11.9 mln vs 12.0 mln
+      Year
+      Oper shr 60 cts vs 27 cts
+      Oper net 7,215,000 vs 3,340,000
+      Revs 1.23 billion vs 1.16 billion
+      Avg shrs 11.9 mln vs 12.0 mln
+      NOTE: Prior year net excludes gains 4,896,000 dlrs in
+  quarter and 8,873,000 dlrs in year from termination of
+  overfunded pension plans.
+      Backlog 1.0 billion dlrs vs 942 mln dlrs.
+  
+
diff --git a/reuters/test/16285 b/reuters/test/16285
new file mode 100644
index 0000000000000000000000000000000000000000..b280fa1cbfd8615a588ce75d54c55ace0b2ad0f0
--- /dev/null
+++ b/reuters/test/16285
@@ -0,0 +1,9 @@
+U.K. MONEY MARKET GIVEN LATE HELP OF 210 MLN STG
+  The Bank of England said it gave the
+  market late assistance of around 210 mln stg, bringing its
+  total help on the day to some 353 mln stg.
+      This compares with the Bank's estimate of the liquidity
+  shortage of around 450 mln stg, raised from its early forecast
+  of 400 mln stg.
+  
+
diff --git a/reuters/test/16286 b/reuters/test/16286
new file mode 100644
index 0000000000000000000000000000000000000000..5cb494ce7c55d95d21bf1226dec082aaba3a1af0
--- /dev/null
+++ b/reuters/test/16286
@@ -0,0 +1,14 @@
+GIANT BAY <GBYLF> IN IDAHO GOLD VENTURE
+  Giant Bay Resources
+  Ltd said it signed an agreement in principle with Hecla Mining
+  Co for an operating joint venture on Hecla's Stibnite, Idaho,
+  gold deposit.
+      Giant Bay said if its bioleaching technology is used for
+  ore processing, it will have the right to acquire a working
+  interest in the property. It said it may spend as much as three
+  mln U.S. dlrs, excluding capital costs to bring the mine into
+  production. It said drilling has indicated substantial sulphide
+  reserves with a gold grade of about 0.1 ounce a ton, and early
+  tests show the gold ore responds to bioleaching.
+  
+
diff --git a/reuters/test/16287 b/reuters/test/16287
new file mode 100644
index 0000000000000000000000000000000000000000..6abf89a91606470a98bdaf2a102cf2220df1832c
--- /dev/null
+++ b/reuters/test/16287
@@ -0,0 +1,12 @@
+BLUE ARROW TO ACQUIRE RICHARDS CONSULTANTS
+  Blue Arrow PLC said it signed an
+  agreement to acquire Richards Consultants Ltd for 29 mln dlrs
+  in cash and securities.
+      Richards is a privately-owned New York-based executive
+  recruitment firm.
+      As part of the agreement, Blue Arrow said the four
+  principal shareholders who manage Richards will enter into
+  long-term service contracts with it. The agreement is subject
+  to approval of Blue Arrow shareholders.
+  
+
diff --git a/reuters/test/16288 b/reuters/test/16288
new file mode 100644
index 0000000000000000000000000000000000000000..e144599ee141daa627dfc1355bcebd86c31e89dc
--- /dev/null
+++ b/reuters/test/16288
@@ -0,0 +1,6 @@
+MERRY-GO-ROUND <MGRE> SETS STOCK SPLIT
+  Merry-Go-Round Enterprises Inc said
+  its board declared a three-for-two stock split, payable May One
+  to holders of record April 17.
+  
+
diff --git a/reuters/test/16289 b/reuters/test/16289
new file mode 100644
index 0000000000000000000000000000000000000000..a0f56015fdf81f65f077e244e8919a1f7e21b024
--- /dev/null
+++ b/reuters/test/16289
@@ -0,0 +1,7 @@
+ASARCO UPS U.S. LEAD PRICE 0.50 CT TO 27 CTS
+  Asarco Inc said it is increasing its
+  base spot sales price for refined lead by one-half cent to 27.0
+  cents a lb, FOB, delivered in carload lots, effective
+  immediately.
+  
+
diff --git a/reuters/test/16291 b/reuters/test/16291
new file mode 100644
index 0000000000000000000000000000000000000000..0f514412c54d0407caebf5e7dcdcd90d9d4092ae
--- /dev/null
+++ b/reuters/test/16291
@@ -0,0 +1,5 @@
+IRVING BANK CORP 1ST QTR SHR 1.51 DLRS VS 1.62 DLRs
+
+  IRVING BANK CORP 1ST QTR SHR 1.51 DLRS VS 1.62 DLRs
+  
+
diff --git a/reuters/test/16294 b/reuters/test/16294
new file mode 100644
index 0000000000000000000000000000000000000000..00a78ec62d4c3625a7e236c27a780ac10f88f604
--- /dev/null
+++ b/reuters/test/16294
@@ -0,0 +1,8 @@
+IRVING BANK CORP <V> 1ST QTR NET
+  Shr 1.51 dlr vs 1.62 dlr
+      Net 28.6 mln vs 30.4 mln
+      Assets 23.8 billion vs 20.9 billion
+      Deposits 15.5 billion vs 14 billion
+      Loans 13.8 billion vs 12 billion
+  
+
diff --git a/reuters/test/16297 b/reuters/test/16297
new file mode 100644
index 0000000000000000000000000000000000000000..8dd1d16d575ab69612fdcb188f0c088b480186a0
--- /dev/null
+++ b/reuters/test/16297
@@ -0,0 +1,8 @@
+O'SULLIVAN CORP <OSL> 1ST QTR NET
+  Shr 28 cts vs 32 cts
+      Net 2,823,000 vs 3,216,000
+      Rev 47.9 mln vs 42.9 mln
+      NOTE: The 1986 earnings per share adjusted for a four for
+  three stock distribution paid May 1986.
+  
+
diff --git a/reuters/test/16298 b/reuters/test/16298
new file mode 100644
index 0000000000000000000000000000000000000000..930a2752940b08f3247dbcae9e3945c5b1b46be6
--- /dev/null
+++ b/reuters/test/16298
@@ -0,0 +1,5 @@
+FRENCH 13-WEEK T-BILL AVERAGE RATE RISES TO 7.39 PCT FROM 7.36 PCT - OFFICIAL
+
+  FRENCH 13-WEEK T-BILL AVERAGE RATE RISES TO 7.39 PCT FROM 7.36 PCT - OFFICIAL
+  
+
diff --git a/reuters/test/16299 b/reuters/test/16299
new file mode 100644
index 0000000000000000000000000000000000000000..53c612fdb8719ef16e3e1c08d77a7ea0c25762d1
--- /dev/null
+++ b/reuters/test/16299
@@ -0,0 +1,6 @@
+PARK COMMUNICATIONS INC <PARC> 1ST QTR NET
+  Shr 15 cts vs 14 cts
+      Net 2,028,000 vs 1,879,000
+      Revs 32.1 mln vs 29.5 mln
+  
+
diff --git a/reuters/test/16300 b/reuters/test/16300
new file mode 100644
index 0000000000000000000000000000000000000000..b4872651d226b1aa0d3bc46317399e6c587ca576
--- /dev/null
+++ b/reuters/test/16300
@@ -0,0 +1,7 @@
+NVHOMES <NVH> SETS SPLIT PAYMENT DATE
+  NVHomes LP said April 30 will be
+  the distribution date for new units as a result of its
+  previously-announced two-for-one split to unitholders of record
+  April 20.
+  
+
diff --git a/reuters/test/16301 b/reuters/test/16301
new file mode 100644
index 0000000000000000000000000000000000000000..0a32b8394883c113e3e747b21d9b4814c1ebd9dc
--- /dev/null
+++ b/reuters/test/16301
@@ -0,0 +1,3 @@
+13-APR-1987
+  13-APR-1987
+
diff --git a/reuters/test/16302 b/reuters/test/16302
new file mode 100644
index 0000000000000000000000000000000000000000..a338adcb242d286dbb60b6bf5336d97c744f02e0
--- /dev/null
+++ b/reuters/test/16302
@@ -0,0 +1,5 @@
+DILLARD DEPARTMENT STORES AGREES TO BUY TWO ALLIED STORES UNITS FOR 255 MLN DLRS CASH
+
+  DILLARD DEPARTMENT STORES AGREES TO BUY TWO ALLIED STORES UNITS FOR 255 MLN DLRS CASH
+  
+
diff --git a/reuters/test/16303 b/reuters/test/16303
new file mode 100644
index 0000000000000000000000000000000000000000..1eb49940188f848de31c36d916f14ae1db990a60
--- /dev/null
+++ b/reuters/test/16303
@@ -0,0 +1,5 @@
+CHEMICAL NEW YORK CORP 1ST QTR SHR 1.58 DLRS VS 1.93 DLRS
+
+  CHEMICAL NEW YORK CORP 1ST QTR SHR 1.58 DLRS VS 1.93 DLRS
+  
+
diff --git a/reuters/test/16304 b/reuters/test/16304
new file mode 100644
index 0000000000000000000000000000000000000000..7627bb8dde9587caa80855c757fa7d20e2c0fddd
--- /dev/null
+++ b/reuters/test/16304
@@ -0,0 +1,8 @@
+BANKERS TRUST <BT> RAISES BROKER LOAN RATE
+  Bankers Trust Co said it is raising
+  its broker loan rate to 7-1/2 pct from 7-1/4 pct, effective
+  immediately.
+      U.S. Trust Co, the only other bank to publicize its broker
+  rate, was already posting 7-1/2 pct.
+  
+
diff --git a/reuters/test/16307 b/reuters/test/16307
new file mode 100644
index 0000000000000000000000000000000000000000..cce1bbc6a2c7c63eaf73f5aea05f949302f50f86
--- /dev/null
+++ b/reuters/test/16307
@@ -0,0 +1,41 @@
+PENTLAND TO REDUCE REEBOK <RBK> HOLDINGS
+  Pentland Industries PLC said it report
+  a substantial capital gain from the sale of part of its
+  holdings in Reebok International Limited, which will cut its
+  stake in Reebok to 32.2 pct from 36.7 pct.
+       It said Reebok filed a registration statement with the
+  Securities and Exchange Commission for the offering of six mln
+  shares of Reebok common. Reebok will sell three mln shares and
+  Pentland will sell 1,404,866 shares, reducing its stake in
+  Reebok to 18.1 mln from 19.5 mln shares.
+      After the offering, Reebok will have 56.1 mln shares shares
+  outstanding.
+      Pentland said the amount of the capital gain from the sale
+  depends on the offering price for the Reebok shares to be
+  negotiated between it, Reebok, and the other selling
+  stockholders who will offer about 1.6 mln shares of Reebok
+  common, and the underwriters.
+      Pentland said proceeds from the offering will be used by
+  Reebok to retire bank debt incurred in its acquisition of AVIA
+  Group for about 180 mln dlrs. Is said that afterwards, Reebok
+  will have bank credit lines available for general corporate
+  purposes, including possible acquisitions.
+      Reebok's stock was selling at 45-1/2, up 1/8. At that
+  price, the 1.4 mln Reebok shares Pentland will sell are worth
+  about 64 mln dlrs and the three mln shares Reebok will sell are
+  worth about 136.5 mln dlrs.
+      Pentland said it will use proceeds to fund growth and
+  possible acquisitions.
+      Pentland said 4,500,000 shares of Rebbok will be offered in
+  the U.S. by a syndicate led by Kidder, Peabody and Co Inc and
+  1,500,000 shares will be offered outside the U.S. by an
+  international syndicate led by Kidder.
+      It said the U.S. underwriters have been granted an option
+  to buy from certain selling stockholders up to an additional
+  900,000 shares to cover overallotments. Pentland said it has
+  not chosen to participate in this over allotment.
+      Pentland said that as soon as the date and price of the
+  offering have been determined it will release further details.
+      It said it expects the offering to close in May.
+  
+
diff --git a/reuters/test/16310 b/reuters/test/16310
new file mode 100644
index 0000000000000000000000000000000000000000..3afaaaa4eb776eb5c880b770b6d8b52f3c0bea4b
--- /dev/null
+++ b/reuters/test/16310
@@ -0,0 +1,13 @@
+CANADA JANUARY LEADING INDICATOR UP 0.4 PCT
+  Canada's leading composite indicator
+  rose 0.4 pct in January with eight of the 10 major components
+  posting gains, the most widespread monthly advance in the past
+  year, Statistics Canada said.
+      The index also gained 0.4 pct in the preceeding month. The
+  unfiltered index, however, fell 0.1 pct in January after rising
+  1.0 pct in December.
+      The gain was led by the residential construction index
+  while the manufacturing groups continued to improve and the
+  stock market index turned up, the federal agency reported.
+  
+
diff --git a/reuters/test/16311 b/reuters/test/16311
new file mode 100644
index 0000000000000000000000000000000000000000..1d18487e51f535e7c6b16e335bd8e554f684f448
--- /dev/null
+++ b/reuters/test/16311
@@ -0,0 +1,9 @@
+<NATIONAL WESTMINSTER BANK PLC> 1ST QTR NET
+  Net 17.7 mln vs 15.3 mln
+      NOTE: <National Westminster Bank PLC> subsidiary.
+      Loan loss provision 13.8 mln vs 13.0 mln
+      Investment securitiesd gaons 2,003,000 dlrs vs 169,000
+  dlrs.
+      Figures in dollars.
+  
+
diff --git a/reuters/test/16312 b/reuters/test/16312
new file mode 100644
index 0000000000000000000000000000000000000000..55cd95d92504c5048cfff1046232e2f4570b99bc
--- /dev/null
+++ b/reuters/test/16312
@@ -0,0 +1,13 @@
+IRVING BANK <V> CITES LOANS IN EARNING DECLINE
+  Irving Bank Corp said the decline in
+  its first quarter earnings to 28.6 mln dlrs from 30.4 mln dlrs
+  in the year-ago period were due to the placement on a
+  non-accrual basis of 215 mln dlrs and 33 mln dlrs of medium and
+  long-term loans to borrowers in Brazil and Equador.
+      Excluding the impact of the non-accrual loans, Irving said
+  its first quarter net income would have rose 8.4 pct to 32.9
+  mln and per share amounts would have risen eight pct to 1.75
+  dlr. In the first quarter the bank reported earnings per share
+  of 1.51 dlr compared to 1.62 dlr in the same period last year.
+  
+
diff --git a/reuters/test/16314 b/reuters/test/16314
new file mode 100644
index 0000000000000000000000000000000000000000..c0765ea5677f743132fa5ffe4988f728b34b60f4
--- /dev/null
+++ b/reuters/test/16314
@@ -0,0 +1,12 @@
+GLOBAL LOWERS HEAVY FUELS PRICES
+  Global Petroleum corp said today it
+  lowered the posted cargo prices for number six fuel in the new
+  york harbor 45 to 75 cts a barrel, effective today.
+      The decrease brings the prices for one pct sulphur to 20.75
+  dlrs, down 45 cts, two pct sulphur 20.10 dlrs, down 75 cts, 2.2
+  pct sulphur 19.75 dlrs, down 75 cts and 2.5 pct sulphur 19.50
+  dlrs, down 75 cts.
+      Prices for 0.3 pct and 0.5 pct sulphur remained unchanged
+  at 22.50 and 21.85 dlrs, it said.
+  
+
diff --git a/reuters/test/16315 b/reuters/test/16315
new file mode 100644
index 0000000000000000000000000000000000000000..198050c8fce3366c8eae3adcb1fdf01ef0229f4f
--- /dev/null
+++ b/reuters/test/16315
@@ -0,0 +1,13 @@
+CHEMICAL NEW YORK CORP <CHL> 1ST QTR NET
+  shr 1.58 dlrs vs 1.93 dlrs
+      net 86,220,000 vs 102,629,000
+      avg shrs 50,831,512 vs 49,156,828
+      assets 61.04 billion vs 57.95 billion
+      loans 38.76 billion vs 39.68 billion
+      deposits 38.20 billion vs 33.14 billion
+      return on assets 0.57 pct vs 0.71 pct
+      return on common equity 11.47 pct vs 15.19 pct
+      NOTE: 1987 qtr net reduced by 12 mln dlrs because 1.04
+  billion dlrs of Brazil loans were placed on non-accrual
+  
+
diff --git a/reuters/test/16316 b/reuters/test/16316
new file mode 100644
index 0000000000000000000000000000000000000000..1bdc40d26344b25474b05684455a4ead78b27519
--- /dev/null
+++ b/reuters/test/16316
@@ -0,0 +1,15 @@
+CCC ACCEPTS BONUS ON CATTLE TO CANARY ISLANDS
+  The Commodity Credit Corporation
+  (CCC) has accepted a bid for an export bonus to cover the sale
+  of 2,750 head of dairy cattle to the Canary Islands, the U.S.
+  Agriculture Department said.
+      The cattle are for delivery May, 1987-October, 1988, it
+  said.
+      The bonus was 1,379.00 dlrs per head and was made to
+  Holstein-Friesian, Inc and will be paid in the form of
+  commodities from the CCC inventory.
+      An additional 175 headed of dairy cattle for still
+  available to the Canary Islands under the Export Enhancement
+  Program initiative announced July 28, 1986, it said.
+  
+
diff --git a/reuters/test/16317 b/reuters/test/16317
new file mode 100644
index 0000000000000000000000000000000000000000..29bc0cf9d90f69a08bedbd7514bdde8805b96faf
--- /dev/null
+++ b/reuters/test/16317
@@ -0,0 +1,8 @@
+AFG INDUSTRIES INC <AFG> 1ST QTR NET
+  Shr primary 54 cts vs 41 cts
+      Shr diluted 51 cts vs 38 cts
+      Net 9,098,000 vs 5.924,000
+      Revs 111.7 mln vs 85.0 mln
+      Avg shrs primary 16,889,254 vs 14,500,737
+  
+
diff --git a/reuters/test/16318 b/reuters/test/16318
new file mode 100644
index 0000000000000000000000000000000000000000..6a1bd4509b5d28eaa9445a803b182064636fffc8
--- /dev/null
+++ b/reuters/test/16318
@@ -0,0 +1,14 @@
+WORK ON GREEK ALUMINA PLANT TO START END MAY
+  Preparatory work for construction of a
+  450 mln dlr alumina plant near the village of Aghia Efthymia in
+  the Greek province of Fokida will begin at the end of next
+  month and the plant will be operational by 1992, Industry
+  Undersecretary George Petsos said.
+      Greece yesterday signed contracts with the Soviet Union for
+  the joint venture project, the biggest investment in the
+  country for 20 years.
+      Petsos said the Soviet Union, which had initially agreed to
+  buy 380,000 tonnes, would now purchase the plant's entire
+  output of 600,000 tonnes a year.
+  
+
diff --git a/reuters/test/16319 b/reuters/test/16319
new file mode 100644
index 0000000000000000000000000000000000000000..d448d7fd11c30a779ef22b88aa1f80b92b7f9804
--- /dev/null
+++ b/reuters/test/16319
@@ -0,0 +1,7 @@
+<NEW MILFORD SAVINGS BANK> 1ST QTR NET
+  Shr 62 cts vs 26 cts
+      Net 2,312,000 vs 944,000
+      NOTE: 1987 includes five ct shr charge from loan loss
+  provision.
+  
+
diff --git a/reuters/test/16320 b/reuters/test/16320
new file mode 100644
index 0000000000000000000000000000000000000000..5064af4b4a4f7d87e09b702c58866dde276ac766
--- /dev/null
+++ b/reuters/test/16320
@@ -0,0 +1,14 @@
+COMMONWEALTH ALUMINUM PUTS PLANT ON THE BLOCK
+  Commonwealth Aluminum
+  (Comalco) said it put its Goldendale, Wash., smelter back on
+  the market after would-be buyer, Columbia Aluminum Corp, of
+  Hermiston, Ore., failed to pull together financing by an April
+  one deadline.
+      The plant, which has an asking price of 18.7 mln dlrs plus
+  several mln more dlrs for inventory, it said. Commonwealth said
+  it is continuing talks with Columbia, but has also opened talks
+  with other interested parties.
+      Commonwealth bought the plant in January 1985 and closed it
+  Feb 15, 1987, leaving about 400 workers jobless.
+  
+
diff --git a/reuters/test/16324 b/reuters/test/16324
new file mode 100644
index 0000000000000000000000000000000000000000..bb344f60b39fb355e3984fb00cc3e2c700197388
--- /dev/null
+++ b/reuters/test/16324
@@ -0,0 +1,12 @@
+H.F. AHMANSON AND CO <AHM> 1ST QTR NET
+  Shr 84 cts vs 80 cts
+      Net 82,416,000 vs 67,819,000
+      Revs 703.9 mln vs 759.7 mln
+      Avg shrs 98,369,307 vs 84,807,498
+      Loans 19.06 billion vs 19.51 billion
+      Deposits 21.60 billion vs 19.86 billion
+      Assets 27.16 billion vs 27.15 billion
+      Note: Prior qtr per shr figure adjusted for three-for-one
+  stock split of May 1986.
+  
+
diff --git a/reuters/test/16327 b/reuters/test/16327
new file mode 100644
index 0000000000000000000000000000000000000000..43eda61daac33d65d3076282846159db372ce301
--- /dev/null
+++ b/reuters/test/16327
@@ -0,0 +1,10 @@
+PAKISTAN REPORTEDLY BOUGHT WHITE SUGAR AT TENDER
+  Pakistan is reported to have bought
+  100,000 tonnes of white sugar at its weekend tender from a
+  North Korean operator, traders said.
+      The purchase, believed priced around 210 dlrs a tonne cost
+  and freight for fine/medium grain, was due to be shipped for
+  arrival in May (30,000 tonnes), in June (45,000) and in July
+  (25,000 tonnes), they said.
+  
+
diff --git a/reuters/test/16331 b/reuters/test/16331
new file mode 100644
index 0000000000000000000000000000000000000000..cca3cb75116d1699cbe9004129637208459eddd9
--- /dev/null
+++ b/reuters/test/16331
@@ -0,0 +1,12 @@
+FED EXPECTED TO SET THREE-DAY REPURCHASE PACTS
+  The Federal Reserve is expected to
+  enter the U.S. Government securities market to add temporary
+  reserves directly by arranging three-day System repurchase
+  agreements, economists said.
+      They said the Fed may add the reserves indirectly instead
+  via a large round, two billion dlrs or more, of customer
+  repurchase agreements.
+      Federal funds, which averaged a high 6.35 pct on Friday,
+  opened at 6-7/16 pct and traded between there and 6-1/2 pct.
+  
+
diff --git a/reuters/test/16332 b/reuters/test/16332
new file mode 100644
index 0000000000000000000000000000000000000000..109882f8514d964a88d5e10a0cb13c9033345f4f
--- /dev/null
+++ b/reuters/test/16332
@@ -0,0 +1,40 @@
+ALLIED STORES <ALS> SELLS DILLARD <DDS> TWO UNITS
+  Dillard Department Stores Inc, based
+  in Little Rock, Ark., and Allied Stores Corp jointly said they
+  entered a definitive purchase agreement for the sale to Dillard
+  of the Joske's and the Cain-Sloan divisions of Allied for 255
+  mln dlrs cash, subject to certain closing adjustments.
+      The sale excludes certain real estate assets of Joske's and
+  Cain-Sloan, which Allied estimates have an aggregate value of
+  30 mln dlrs based on current market conditions.
+      Joske's has 26 stores in Texas and one in Arizona.
+  Cain-Sloan has four stores in Nashville. Joske's is the largest
+  unit Allied has slated for sale in its restructuring.
+      Allied Stores Corp, a subsidiary of Campeau Corp, was
+  acquired by acquired by the Canadian developer last year.
+      Robert Campeau, chairman of Allied, said "this is a
+  terrific start to our disposition program which is proceeding
+  well ahead of schedule. This sale will fulfill the requirements
+  under our bank agreements to sell certain assets by June 30 and
+  give us additional flexibility in the disposal of the remaining
+  divisions being sold."
+       Allied Stores is required to pay 200 mln dlrs in bank debt
+  by June 30. There had been some doubts on Wall Street that the
+  company could meet the payment.
+      A Campeau source said, "We believe this cash sale puts us
+  in a very strong negotiating position to maximize the proceeds
+  Allied can receive from its other divisions."
+      "Allied was able to put itself in a position where it knows
+  it will be able to meet the June 30 payment schedules," the
+  source said.
+      About 1.1 bilion dlrs in Allied assets had been targeted
+  for sale by Dec. 31, 1988 to pay for the aquisition of Allied
+  by Campeau.
+      Allied will be taking bids for its other divisions.
+  Targeted for sale are Bonwit Tellers, Garfinckel's, Dey's,
+  Donaldson's, Herpolsheimer's, Heer's, Miller's, Miller and
+  Rhoads, Pomeroy's, Catherine's, Plymouth Shops, and Jerry
+  Leonard. The divisions provided 38.4 pct of Allied net sales
+  and 11.8 pct of store profit in fiscal 1985.
+  
+
diff --git a/reuters/test/16336 b/reuters/test/16336
new file mode 100644
index 0000000000000000000000000000000000000000..fe2f20726f32133a6b468f64a6b1c9d266236229
--- /dev/null
+++ b/reuters/test/16336
@@ -0,0 +1,25 @@
+NCR <NCR> CONTINUES TO EXPECT EARNINGS GROWTH
+  NCR Corp, earlier reporting higher
+  first quarter profit, said it continues to expect that it will
+  report record earnings and revenue for all of 1987.
+      "Our optimism is based on our incoming order rates and the
+  strength of our product lines," the company said.
+      NCR Corp plans additional new product announcements this
+  year, it said without elaborating.
+      NCR earlier said first quarter profit increased to 61.5 mln
+  dlrs or 65 cts share from 50.2 mln dlrs or 51 cts share in the
+  prior year. NCR's 1986 full-year earnings rose to 336.5 mln
+  dlrs from 315.2 mln dlrs in the prior year.
+      NCR said the increase in first quarter profit resulted from
+  strong revenue growth, which was particularly strong in Europe
+  and Pacific marketing groups.
+      Growth in U.S. revenues also improved, the company said.
+  First quarter revenues increased to 1.12 billion dlrs from
+  960.8 mln dlrs in the prior year.
+      NCR's U.S. dollar value of 1987 first quarter worldwide
+  incoming orders posted a very substantial gain over the prior
+  year first quarter, NCR also said without giving specific
+  figures. Order growth was broad based across NCR's product
+  lines, with the greatest growth coming from U.S., it said.
+  
+
diff --git a/reuters/test/16337 b/reuters/test/16337
new file mode 100644
index 0000000000000000000000000000000000000000..1e71680ebf56e3ddf50466255bc358c6f953afaf
--- /dev/null
+++ b/reuters/test/16337
@@ -0,0 +1,8 @@
+GENETICS INSTITUTE INC <GENI.O> 1ST QTR LOSS
+  Period ended February 28
+      Shr loss 11 cts vs loss 11 cts
+      Net loss 1,309,000 vs loss 937,000
+      Revs 5,271,000 vs 4,417,000
+      Avg shrs 11,690,000 vs 8,724,000
+  
+
diff --git a/reuters/test/16339 b/reuters/test/16339
new file mode 100644
index 0000000000000000000000000000000000000000..d4bf92f5e67f848ca0f6764a4ce7bc1feb343664
--- /dev/null
+++ b/reuters/test/16339
@@ -0,0 +1,13 @@
+ENTRE COMPUTER <ETRE.O> CLOSING OVERSEAS UNITS
+  Entre Computer Centers Inc said it
+  is discontinuing its European and Australian operations.
+      The company today reported a loss for the second quarter
+  ended February 28 of 2,733,000 dlrs, after a 6,705,000 dlr
+  pretax provision for the shutdown of the overseas units and a
+  2,511,000 dlr tax credit.  A year earlier it earned 911,000
+  dlrs.
+      It said the overseas operations lost 400,000 dlrs in the
+  second quarter and did not appear strong enough to provide for
+  future growth.
+  
+
diff --git a/reuters/test/16342 b/reuters/test/16342
new file mode 100644
index 0000000000000000000000000000000000000000..5aebf0e63257c00964f26e01541970a8a956330b
--- /dev/null
+++ b/reuters/test/16342
@@ -0,0 +1,13 @@
+ENTRE COMPUTER CENTERS INC <ETRE> 2ND QTR LOSS
+  Shr loss 29 cts vs profit 10 cts
+      Net loss 2,733,000 vs profit 911,000
+      Revs 21.5 mln vs 18.5 mln
+      1st half
+      Shr loss 23 cts vs profit 26 cts
+      Net loss 2,154,000 vs profit 2,445,000
+      Revs 37.8 mln vs 37.7 mln
+      NOTE: Current year net both periods includes 6,705,000 dlr
+  pretax provision for closing overseas operations and tax
+  credits 2,511,000 dlrs in quarter and 1,977,000 dlrs in half.
+  
+
diff --git a/reuters/test/16343 b/reuters/test/16343
new file mode 100644
index 0000000000000000000000000000000000000000..4ccf562d0c89a9286a54e618624f17d1fa614495
--- /dev/null
+++ b/reuters/test/16343
@@ -0,0 +1,17 @@
+MERRILL LYNCH <MER> INVESTMENT REVENUES UP
+  Merrill Lynch and Co said investment
+  banking revenues were strong in the first quarter, rising to
+  257.4 mln dlrs from 152.9 mln in the first quarter 1986.
+      "We have made steady progress in a period of market
+  activity which has been marked by unprecedented activity,"
+  William Schreyer, chairman and cheif executive officer, and
+  Daniel Tully, president and chief operating officer, said.
+      Earlier, the company reported first quarter net income of
+  108.6 mln dlrs, or one dlr per share, up from 86.8 mln dlrs, or
+  85 cts per share, in 1986's first quarter.
+      Merrill Lynch said its insurance revenues made the biggest
+  gains in the first quarter, rising to 242.3 mln dlrs in the
+  this first quarter, from 68.3 mln dlrs in last year's first
+  quarter.
+  
+
diff --git a/reuters/test/16346 b/reuters/test/16346
new file mode 100644
index 0000000000000000000000000000000000000000..6533fa5aef1b676f95d95c962a776315cf528a71
--- /dev/null
+++ b/reuters/test/16346
@@ -0,0 +1,15 @@
+STANDARD MICROSYSTEMS CORP <SMSC.O> 4TH QTR NET
+  Feb 28 end
+      Shr profit four cts vs loss nil
+      Net profit 448,000 vs loss 28,000
+      Revs 15.1 mln vs 11.5 mln
+      Avg shrs 11.2 mln vs 11.1 mln
+      Year
+      Shr profit four cts vs profit nil
+      Net profit 459,000 vs profit 51,000
+      Revs 53.2 mln vs 44.5 mln
+      Avg shrs 11.2 mln vs 11.1 mln
+      NOTE: Net includes tax credits of 53,000 dlrs vs 1,023,000
+  dlrs in quarter and 48,000 dlrs vs 2,557,000 dlrs in year.
+  
+
diff --git a/reuters/test/16347 b/reuters/test/16347
new file mode 100644
index 0000000000000000000000000000000000000000..3dfbe983274956003697a03ef9e80834e06ed027
--- /dev/null
+++ b/reuters/test/16347
@@ -0,0 +1,15 @@
+PENNSYLVANIA REAL ESTATE INVESTMENT TRUST <PEI>
+  Oper shr 39 cts vs 47 cts
+      Oper net 2,104,462 vs 2,452,420
+      Revs 4,675,904 vs 4,744,248
+      Avg shrs 5,427,561 vs 5,139,415
+      1st half
+      Oper shr 82 cts vs 93 cts
+      Oper net 4,418,718 vs 4,609,613
+      Revs 9,346,483 vs 9,338,590
+      Avg shrs 5,427,486 vs 4,943,966
+      NOTE: Current year net excludes gains on sale of real
+  estate of 470,778 dlrs in quarter and 1,533,273 dlrs in half.
+      Period ended February 28.
+  
+
diff --git a/reuters/test/16348 b/reuters/test/16348
new file mode 100644
index 0000000000000000000000000000000000000000..88a4d268dadffe6b947780da754b43f6cc2595b7
--- /dev/null
+++ b/reuters/test/16348
@@ -0,0 +1,11 @@
+ALLWASTE INC <ALWS.O> 2ND QTR FEB 28
+  Shr profit four cts vs loss one cts
+      Net profit 172,000 vs loss 180,000
+      Revs 4.2 mln vs 883,000
+      Six months
+      Shr profit nine cts vs loss four cts
+      Net profit 315,000 vs loss 107,000
+      Revs 7.4 mln vs 1.8 mln
+      Avg shrs 4.4 mln vs 2.6 mln
+  
+
diff --git a/reuters/test/16350 b/reuters/test/16350
new file mode 100644
index 0000000000000000000000000000000000000000..aef6dea7c1585781ae3bdc38b6271b50703c97d7
--- /dev/null
+++ b/reuters/test/16350
@@ -0,0 +1,12 @@
+SCOTT AND STRINGFELLOW <SCOT.O> 3RD QTR MAR 31
+  Shr 37 cts vs 37 cts
+      Net 687,888 vs 441,659
+      Revs 7.9 mln vs 6.8 mln
+      Nine months
+      Shr 1.12 dlrs vs 1.07 dlrs
+      Net 1.8 mln vs 1.3 mln
+      Revs 23.2 mln vs 19.7 mln
+      Avg shrs 1.6 mln vs 1.2 mln
+      NOTE:Full name is Scott and Stringfellow Financial Corp.
+  
+
diff --git a/reuters/test/16354 b/reuters/test/16354
new file mode 100644
index 0000000000000000000000000000000000000000..b01a0170486844df9eb11d74bb7930fc272ab091
--- /dev/null
+++ b/reuters/test/16354
@@ -0,0 +1,34 @@
+FOSTER <FWC> UNIT AUDIT REVEALS DISCREPANCIES
+  Foster Wheeler Corp <FWC> said an
+  audit of its Stearns Airport Equiment Co Inc unit, revealed
+  "substantial discrepancies" in Stearns accounts that may
+  require material adjustments to previously announce
+  consolidated results of the company and its subsidiaries.
+      Foster said certain Stearn officers and senior management
+  made Stearn's operations appear more profitable than they were
+  by improperly recording job costs. It said Stearn's president
+  and controller had resigned. A Foster spokesman said he did not
+  know the names of the president and controller, and could not
+  immediately comment on the release.
+      Foster said the amount involved in the "discrepancy" is
+  about 13.7 mln dlrs before taxes or about 8.2 mln dlrs net
+  after tax due to an "improper recording of job costs over a
+  period of several years and continuing through part of the
+  first quarter of 1987."
+      Stearns is a unit of Foster's Conergic Corp subsidiary.
+  The company said the impact on its results for 1987 was not
+  "likely to be significant" but the amount to be charged to
+  prior periods had not been determined.
+      Foster reported after tax earnings of 28 mln dlrs, 26 mln
+  dlrs and 35.4 mln dlrs for 1986, 1985, and 1984, respectively.
+      Stearns, based in Crowley, Texas, makes airport baggage
+  conveyor equipment and passenger loading bridges.
+      Foster, a diversified international concern with 27
+  subsidiaries operating worldwide, is based in Livingston, New
+  Jersey. Its reported revenues for the period ended December 26,
+  1986 of 1.3 billion dlrs.
+      The company said a detailed audit and investigation is
+  continuing. A company spokesman declined to comment further on
+  the investigation.
+  
+
diff --git a/reuters/test/16357 b/reuters/test/16357
new file mode 100644
index 0000000000000000000000000000000000000000..8f622daf245dc5c5566e8846152827420d0021c7
--- /dev/null
+++ b/reuters/test/16357
@@ -0,0 +1,45 @@
+TAIWAN ANNOUNCES NEW ROUND OF IMPORT TARIFF CUTS
+  Taiwan announced plans for another round
+  of import tariff cuts on 862 foreign goods shortly before trade
+  talks with Washington which officials described as a move to
+  help balance trade with the United States.
+      Wang Der-Hwa, Deputy Director of the Finance Ministry's
+  Customs Administration Department, told reporters the list of
+  products included 60 items asked by Washington.
+      "The move is part of our government efforts to encourage
+  imports from our trading partners, particularly from the United
+  States," he said.
+      He said the ministry sent a proposal today to the cabinet
+  that the tariffs on such products as cosmetics, bicycles,
+  apples, radios, garments, soybeans and television sets be cut
+  by between five and 50 pct.
+      The cabinet was expected to give its approval next Thursday
+  and the new tariff cuts would be implemented possibly starting
+  on April 20, he added.
+      Taiwan introduced a sweeping tariff cut on some 1,700
+  foreign products last January aimed at helping reduce its
+  growing trade surplus with the United States, the island's
+  largest trading partner.
+      Washington however was not satisfied with the cuts and
+  pressed for more reductions as a way of cutting its huge trade
+  deficit with Taipei.
+      Washington's deficit with Taipei rose to a record 13.6
+  billion U.S. Dlrs last year from 10.2 billion in 1985. It
+  widened to 3.61 billion in the first quarter of 1987 from 2.78
+  billion a year earlier, Taiwan's official figures show.
+      Today's announcement came before a departure later today of
+  a 15-member Taiwan delegation for Washington for a series of
+  trade talks with U.S. Officials.
+      The delegation's leader, Vincent Siew, told reporters last
+  night he was leaving with "a heavy heart," meaning that he would
+  face tough talks in Washington because of rising protectionist
+  sentiments in the U.S. Congress. Taiwan's 1986 trade surplus
+  with Washington was the third largest, after Japan and Canada.
+      Siew said the talks, starting on April 14, would cover U.S.
+  Calls for Taiwan to open its market to American products,
+  purchases of major U.S. Machinery and power plant equipment,
+  import tariff cuts and protection of intellectual property.
+      "I am afraid this time we have to give more than take from
+  our talks with the U.S.," he said without elaborating.
+  
+
diff --git a/reuters/test/16359 b/reuters/test/16359
new file mode 100644
index 0000000000000000000000000000000000000000..1361879fc77c9b01a07ef007aa2770440716e975
--- /dev/null
+++ b/reuters/test/16359
@@ -0,0 +1,23 @@
+BULGARIA, ROMANIA GRAIN CROP SEEN LESS FAVORABLE
+  Current prospects for this year's
+  grain crop in Bulgaria and Romania appear less favorable than
+  in 1986, the U.S. Agriculture Department's officer in Belgrade
+  said in a field report.
+      The report said the assessment was based on travel in the
+  two countries from March 30 to April 4.
+      It said crop conditions were better than earlier expected
+  following the extreme dry conditions last fall and the
+  prolonged winter temperatures this spring.
+      However, in general plant development was at least three
+  weeks or more behind normal this spring, and conditions varied
+  greatly by regions, the report said.
+      Fields seeded during the optimum period last fall, and
+  especially those receiving supplemental irrigation water (about
+  65 pct of the fields observed), appeared to be in good
+  condition, with little evidence of winterkill, while others
+  varied considerably, the report said.
+      Fields lacking adequate moisture last fall showed weak and
+  uneven stands. Spotty germination and winterkill in those
+  fields averaged 10 to 30 pct, it said.
+  
+
diff --git a/reuters/test/16360 b/reuters/test/16360
new file mode 100644
index 0000000000000000000000000000000000000000..ad80120b48059ef44f7a3c4d055da5b3c787d0a5
--- /dev/null
+++ b/reuters/test/16360
@@ -0,0 +1,16 @@
+ELCOR CORP <ELK> 3RD QTR MARCH 31
+  Shr 21 cts vs eight cts
+      Net 1.5 mln vs 536,000
+      Revs 26.6 mln vs 17.7 mln
+      Nine months
+      Shr 1.11 dlrs vs 43 cts
+      Net 7.8 mln vs 3.0 mln
+      Revs 86.9 mln vs 82.9 mln
+      NOTE:Shares adjusted for 2-for-1 stock split payable May
+  28, 1987 to holders of record May 14, 1987.
+      1987 3rd qtr and nine months includes tax loss carryforward
+  gain of 695,000 dlrs and 3.6 mln dlrs, respectively.
+      1986 3rd qtr nine months includes tax loss carryforward
+  gains of 260,000 dlrs and 1.4 mln dlrs, respectively.
+  
+
diff --git a/reuters/test/16362 b/reuters/test/16362
new file mode 100644
index 0000000000000000000000000000000000000000..04d9a92e5a23d2e3987209900b8907c58e6f062f
--- /dev/null
+++ b/reuters/test/16362
@@ -0,0 +1,7 @@
+SAUDI ARABIA BUYS RBD PALM OLEIN
+  Saudi Arabia bought 4,000 tonnes of
+  Malaysian refined bleached deodorised palm olein for June 1/10
+  shipment at around 356 dlrs per tonne cost and freight Jeddah,
+  traders said.
+  
+
diff --git a/reuters/test/16363 b/reuters/test/16363
new file mode 100644
index 0000000000000000000000000000000000000000..f244362e2aaa69e8bf9c903d7a8cca0e65655527
--- /dev/null
+++ b/reuters/test/16363
@@ -0,0 +1,10 @@
+ABINGTON SAVINGS BANK <ABBK.O> 1ST QTR NET
+  Shr 27 cts vs not given
+      Net 617,000 vs 550,000
+      Loans 92.8 mln vs 84.7 mln
+      Deposits 121.9 mln vs 119.4 mln
+      Assets 155.4 mln vs 152.4 mln
+      Note: prior share not given due to June 18, 1986 conversion
+  to stock ownserhip
+  
+
diff --git a/reuters/test/16365 b/reuters/test/16365
new file mode 100644
index 0000000000000000000000000000000000000000..7c7854cfc64c9259b46d8b0a0897610370abcea1
--- /dev/null
+++ b/reuters/test/16365
@@ -0,0 +1,10 @@
+BANKING CENTER <TBCX> 1ST QTR NET
+  Shr 29 cts vs not given
+      Net 3,508,000 vs 2,483,000
+      NOTE: Company went public in August 1986.
+      1986 figures restated.
+      Net includes loan loss provision 550,000 dlrs vs 203,000
+  dlrs, gain on sale of securities of 309,000 dlrs vs 638,000
+  dlrs and gain on sale of loans 403,000 dlrs vs 553,000 dlrs.
+  
+
diff --git a/reuters/test/16366 b/reuters/test/16366
new file mode 100644
index 0000000000000000000000000000000000000000..c9d25b65966b758f116396ceb112e1c76490a7bb
--- /dev/null
+++ b/reuters/test/16366
@@ -0,0 +1,24 @@
+SOVIET TANKERS SET TO CARRY KUWAITI OIL
+  Kuwait has agreed to charter tankers
+  from the Soviet Union in a move to protect its oil exports
+  through the Mideast Gulf, diplomatic sources said.
+      They said the agreement followed months of talks with the
+  Soviet Union and the U.S. On ways to secure its oil exports
+  after Iran started to attack Kuwaiti-connected vessels in
+  retaliation for Kuwait's backing for Iran's war enemy Iraq.
+      Diplomats said they expect three Soviet tankers initially
+  to reinforce other flags already supporting Kuwait's 22-tanker
+  fleet.
+      The diplomats said they knew of no deal for Moscow to
+  provide a naval escort for its own vessels, but "the idea of
+  protection is implicit," one said.
+      They said Soviet cargo ships bound for Kuwait in the past
+  to unload arms and materiel for road delivery to Iraq were
+  known to have sailed under escort. So far, none of the Soviet
+  ships are known to have been attacked by Iran. Diplomats said
+  they expected the chartered Soviet tankers to sail between
+  Kuwait and Khor Fakkan on the United Arab Emirates (UAE) coast
+  a short way outside the Strait of Hormuz at the mouth of the
+  Gulf.
+  
+
diff --git a/reuters/test/16367 b/reuters/test/16367
new file mode 100644
index 0000000000000000000000000000000000000000..456830a2d7de1fa80026ae57d0c8a4c8076e997b
--- /dev/null
+++ b/reuters/test/16367
@@ -0,0 +1,47 @@
+CHEMICAL <CHL> NET HURT BY BRAZIL, EXPENSES
+  Chemical New York Corp said its
+  first-quarter profits fell by 16 pct, largely because it placed
+  1.04 billion dlrs of loans to Brazil on non-accrual.
+      Chemical reported first-quarter net income of 86.2 mln
+  dlrs, down from 102.6 mln a year earlier, but declaring the
+  Brazilian loans non-performing cost Chemical 21 mln dlrs in
+  lost interest income, or 12 mln dlrs after-tax.
+      A 13.3 pct jump in non-interest expense to 471.3 mln dlrs
+  from 415.9 mln also hit the bottom line. It said the rise was
+  mainly due to staff costs associated with continued growth in
+  consumer, capital markets and investment banking activities.
+      Excluding the effect of placing Brazil on non-accrual,
+  Chemical said its net income would have been 98.2 mln dlrs, or
+  4.3 pct below 1986 earnings.
+      Brazil suspended interest payments on 68 billion dlrs of
+  medium- and long-term debt on February 20. If they are not
+  resumed by year's end, Chemical said its after-tax net for the
+  whole of 1987 will be reduced by about 51 mln dlrs.
+      Chemical also placed 52 mln dlrs of loans to Ecuador on
+  non-accrual because the Quito government also suspended
+  interest payments on its foreign debt. This reduced interest
+  income by 1.5 mln dlrs.
+      Chemical said net interest income fell to 476.4 mln dlrs
+  from 488.9 mln and its net spread narrowed to 3.61 pct from
+  3.96 pct.
+      This reflected the reclassification of Brazilian loans, a
+  reduced federal income tax rate (which affected the calculation
+  of the taxabale-equivalent adjustment on tax-exempt assets) and
+  a narrowing of the spread between the prime rate and Chemical's
+  cost of funds.
+      Foreign exchange trading profits rose to 37.9 mln dlrs from
+  27.0 mln, but bond trading profits dropped to 21.9 mln dlrs
+  from 26.2 mln.
+      Fees from trust and other banking services rose to 146.5
+  mln dlrs from 129.3 mln a year earlier, Chemical said.
+      The provision for loan losses was 87.2 mln dlrs, compared
+  with 83.8 mln. Net loan charge-offs were 86.5 mln, up from 60.7
+  mln, leaving the allowance for loan losses at 672.6 mln dlrs at
+  quarter's end, or 1.74 pct of loans outstanding, compared with
+  594.3 mln, or 1.50 pct, a year earlier.
+      Non-accruing loans at the end of March were 2.39 billion
+  dlrs (1.35 billion excluding Brazil), compared with 1.35
+  billion at the end of 1986 and 1.22 billion at the end of
+  March, 1986.
+  
+
diff --git a/reuters/test/16369 b/reuters/test/16369
new file mode 100644
index 0000000000000000000000000000000000000000..9a70027e89b87e6afeacb6f6219f8e30ce0ad7bf
--- /dev/null
+++ b/reuters/test/16369
@@ -0,0 +1,15 @@
+GENETICS <GENI.O> SEES HIGHER 87 LOSSES
+  Genetics Institute Inc,
+  earlier reporting an increased first quarter net loss, said it
+  expects to incur losses in fiscal 1987 "that are somewhat higher
+  than those reported in fiscal 1986."
+      It had a loss of 4,504,000 dlrs for fiscal 1986 ended
+  November 30, compared to a fiscal 1985 loss of 1,732,00 dlrs.
+      The company said the losses result from its strategic
+  decision to invest prudent levels of equity in development of
+  products the company can manufacture and bring to market.
+      Genetics earlier said first quarter ended February 28
+  losses rose to 1,309,000 dlrs from year-ago loss of 937,000
+  dlrs.
+  
+
diff --git a/reuters/test/16370 b/reuters/test/16370
new file mode 100644
index 0000000000000000000000000000000000000000..e08937cfa6a196c6103cf4a35b29c39bb803880b
--- /dev/null
+++ b/reuters/test/16370
@@ -0,0 +1,21 @@
+INVESTOR BOOSTS TRANS-LUX <TLX> STAKE
+  Investor Albert Kahn said in a statement
+  that a group he heads increased its stake in Trans-Lux Corp to
+  8.9 pct from 8.1 pct on a fully diluted basis.
+      Kahn said he indicated in a filing with the Securities and
+  Exchange Commission that his group bought an additional 7,300
+  Trans-Lux common shares and 100,000 dlrs of nine pct
+  convertible subordinated debentures due 2005, convertible into
+  an additional 6,803 shares.
+      Kahn said he is considering seeking representation on the
+  Trans-Lux board and starting a proxy contest in connection with
+  the upcoming annual meeting.
+      Kahn also said he is seeking an examination of the
+  Trans-Lux shareholder list and corporate books and records
+  under Delaware law.
+      Trans-Lux is a Connecticut concern that leases teleprinters
+  and display units in brokerage offices, airports and other
+  public places.
+      Kahn is a Miami insurance executive and investor.
+  
+
diff --git a/reuters/test/16371 b/reuters/test/16371
new file mode 100644
index 0000000000000000000000000000000000000000..828aaa24322830d9fbd2ce72a2c9dad3cfd4156e
--- /dev/null
+++ b/reuters/test/16371
@@ -0,0 +1,17 @@
+SOLITRON DEVICES INC <SOD> 4TH QTR NET
+  Period ended February 28
+      Shr 40 cts vs 15 cts
+      Net 1,747,000 vs 775,000
+      Revs 13.2 mln vs 13.3 mln
+      Avg shrs 4,321,376 vs 5,148,318
+      Year
+      Shr 67 cts vs 67 cts
+      Net 3,300,000 vs 3,299,000
+      Revs 49.5 mln vs 50.2 mln
+      Avg shrs 4,895,788 vs 4,951,177
+      Note: 1986 year after 819,000 dlr tax provision and 660,000
+  dlr tax credit
+      1985 year after 559,000 dlr credit for anticipated income
+  tax settlement for 1970 and 331,000 dlr tax provision
+  
+
diff --git a/reuters/test/16372 b/reuters/test/16372
new file mode 100644
index 0000000000000000000000000000000000000000..9bc1462997050c2d0b9ceee7385a4038224c8db2
--- /dev/null
+++ b/reuters/test/16372
@@ -0,0 +1,5 @@
+U.S. TRUST CORP FIRST QTR SHR 88 CTS VS 83 CTS
+
+  U.S. TRUST CORP FIRST QTR SHR 88 CTS VS 83 CTS
+  
+
diff --git a/reuters/test/16374 b/reuters/test/16374
new file mode 100644
index 0000000000000000000000000000000000000000..c6cd080008d4d83dc96b492b52adc43e6f4a3daa
--- /dev/null
+++ b/reuters/test/16374
@@ -0,0 +1,8 @@
+PEOPLES HERITAGE BANK <PHBK> 1ST QTR NET
+  Shr 51 cts vs not given
+      Net 4,661,000 vs 2,499,000
+      NOTE: Net includes securities gains of 663,000 dlrs vs
+  1,173,000 dlrs.
+      Company went public in December 1986.
+  
+
diff --git a/reuters/test/16376 b/reuters/test/16376
new file mode 100644
index 0000000000000000000000000000000000000000..e12a12cab5f7cd73ec15268c327e8c125d8f05ba
--- /dev/null
+++ b/reuters/test/16376
@@ -0,0 +1,7 @@
+STUART HALL CO INC <STUH.O> 1ST QTR FEB 28 NET
+  Shr 11 cts vs 12 cts
+      Net 301,820 vs 248,419
+      Revs 12.1 mln vs 10.2 mln
+      Avg shrs 2,855,966 vs 2,033,881
+  
+
diff --git a/reuters/test/16377 b/reuters/test/16377
new file mode 100644
index 0000000000000000000000000000000000000000..3e13e8f48b52c188b401d8338589bd7681e74385
--- /dev/null
+++ b/reuters/test/16377
@@ -0,0 +1,13 @@
+CLAYTON HOMES INC <CMH> 3RD QTR MARCH 31 NET
+  Shr 21 cts vs 18 cts
+      Net 2,256,000 vs 1,915,000
+      Revs 38.2 mln vs 35.3 mln
+      Nine mths
+      Shr 62 cts vs 56 cts
+      Net 6,474,000 vs 5,808,000
+      Revs 125.9 mln vs 112.3 mln
+      Backlog nine mln vs six mln
+      NOTE: Share adjusted for five-for-four stock split in June
+  1986.
+  
+
diff --git a/reuters/test/16379 b/reuters/test/16379
new file mode 100644
index 0000000000000000000000000000000000000000..f9738d9b1a7098e677a2d9df04e879632968a3ba
--- /dev/null
+++ b/reuters/test/16379
@@ -0,0 +1,10 @@
+SWIFT TO SELL SOUTH DAKOTA PORK PLANT
+  Swift Independent Packing Co said it
+  agreed in principle to sell its Huron, South Dakota, pork plant
+  to Huron Dressed Beef, for undisclosed terms.
+      Completion of the proposed transaction is subject to
+  Huron's ability to hire an experienced work force at
+  competitive rates, and receive government approval of the
+  purchase and operation of the plant, Swift said.
+  
+
diff --git a/reuters/test/16380 b/reuters/test/16380
new file mode 100644
index 0000000000000000000000000000000000000000..e7ebc5be3b040edd96b9c5aa54588e745c5bfa3f
--- /dev/null
+++ b/reuters/test/16380
@@ -0,0 +1,8 @@
+U.S. TRUST CORP <USTC.O> 1ST QTR NET
+  Shr primary 88 cts vs 83 cts
+      Shr diluted 84 cts vs 78 cts
+      Net 8,869,000 vs 8,176,000
+      Avg Assets 2.62 billion vs 2.42 billion
+      Deposits 2.06 billion vs 1.80 billion
+  
+
diff --git a/reuters/test/16383 b/reuters/test/16383
new file mode 100644
index 0000000000000000000000000000000000000000..a523495a5245014f1f5c87e0d199fc42c4066a67
--- /dev/null
+++ b/reuters/test/16383
@@ -0,0 +1,14 @@
+FED ADDS RESERVES VIA CUSTOMER REPURCHASES
+  The Federal Reserve entered the U.S.
+  Government securities market to arrange 1.5 billion dlrs of
+  customer repurchase agreements, a Fed spokesman said.
+      Dealers said Federal funds were trading at 6-1/2 pct when
+  the Fed began its temporary and indirect supply of reserves to
+  the banking system.
+      Most had expected the Fed to supply reserves directly via
+  System repurchase agreements or to add them indirectly through
+  two billion dlrs or more of customer repurchase agreements.
+  Some believe the Fed is adding fewer reserves than are needed
+  to keep upward pressure on rates and so help the dollar.
+  
+
diff --git a/reuters/test/16385 b/reuters/test/16385
new file mode 100644
index 0000000000000000000000000000000000000000..2cef9ebc221f9852c88ca9fbf3b9fbd7991835b4
--- /dev/null
+++ b/reuters/test/16385
@@ -0,0 +1,7 @@
+DESPTP OMC <DSO> 1ST QTR NET
+  Shr 54 cts vs 51 cts
+      Net 2,151,000 vs 2,439,000
+      Sales 90.3 mln vs 96.8 mln
+      Avg shrs 3,960,000 vs 4,782,000
+  
+
diff --git a/reuters/test/16386 b/reuters/test/16386
new file mode 100644
index 0000000000000000000000000000000000000000..2277e6d70f877bca19decfeaf8153dc2a39eb189
--- /dev/null
+++ b/reuters/test/16386
@@ -0,0 +1,6 @@
+PARK COMMUNICATIONS INC <PARC.O> 1ST QTR MAR 31
+  Shr 15 cts vs 14 cts
+      Net 2,028,000 vs 1,879,000
+      Revs 32.1 mln vs 29.5 mln
+  
+
diff --git a/reuters/test/16388 b/reuters/test/16388
new file mode 100644
index 0000000000000000000000000000000000000000..31c6abf02b0f500ece453f71b3e10a21d6777762
--- /dev/null
+++ b/reuters/test/16388
@@ -0,0 +1,6 @@
+FEDERAL GUARANTEE CORP <FDGC.O> 1ST QTR NET
+  Shr 34 cts vs 32 cts
+      Net 2,891,844 vs 2,666,278
+      Revs 13.7 mln vs 12.7 mln
+  
+
diff --git a/reuters/test/16390 b/reuters/test/16390
new file mode 100644
index 0000000000000000000000000000000000000000..fba0f6a6c70baf5ccc57312dffa94ff0fa3d4301
--- /dev/null
+++ b/reuters/test/16390
@@ -0,0 +1,6 @@
+ANGELL CARE MASTER LP <ACR> RAISES QUARTERLY
+  Shr 38 cts vs 36 cts prior
+      Pay July 31
+      Record June 23
+  
+
diff --git a/reuters/test/16392 b/reuters/test/16392
new file mode 100644
index 0000000000000000000000000000000000000000..a472e7efb602ad011ced24d9372ed9a363dc1784
--- /dev/null
+++ b/reuters/test/16392
@@ -0,0 +1,7 @@
+FRANKLIN MICHIGAN INSURED SETS LOWER PAYOUT
+  Mthly div 6.6 cts vs 6.9 cts prior
+      Pay April 30
+      Record April 15
+      NOTE: Franklin michigan Insured Tax-Free Income Fund.
+  
+
diff --git a/reuters/test/16393 b/reuters/test/16393
new file mode 100644
index 0000000000000000000000000000000000000000..554cba996fa31cc815976b2685999060da84aa20
--- /dev/null
+++ b/reuters/test/16393
@@ -0,0 +1,7 @@
+FRANKLIN HIGH YIELD SETS HIGHER PAYOUT
+  Mthly div eight cts vs 7.1 cts prior
+      Pay April 30
+      Record April 15
+      NOTE: Franklin High Yield Tax-Free Income Fund.
+  
+
diff --git a/reuters/test/16394 b/reuters/test/16394
new file mode 100644
index 0000000000000000000000000000000000000000..aaef3cce6b3c14dc12d9e33325e5413030774357
--- /dev/null
+++ b/reuters/test/16394
@@ -0,0 +1,7 @@
+FRANKLIN PENNSYLVANIA TAX-FREE IN INITIAL PAYOUT
+  Franklin Pennsylvania
+  Tax-Free Income Fund said its board declared an initial monthly
+  dividend of six cts per share, payable April 30 to holders of
+  record April 15.
+  
+
diff --git a/reuters/test/16395 b/reuters/test/16395
new file mode 100644
index 0000000000000000000000000000000000000000..79d7caf14663e34300cec532a8dc0135da40ee46
--- /dev/null
+++ b/reuters/test/16395
@@ -0,0 +1,14 @@
+GENERAL PARTNERS SELLS GENCORP <GY> STAKE
+  General Partners, a Texas
+  partnership that recently ended its bid to take over GenCorp
+  Inc, told the Securities and Exchange Commission it sold nearly
+  all of its remaining 8.6 pct stake in the company.
+      General Partners said it sold 1,930,500 shares of GenCorp
+  on April 10 at 118.25 dlrs a share in an open market
+  transaction on the New York Stock Exchange.
+      It said the sale leaves it with 108 GenCorp common shares.
+      The partnership, which includes Wagner and Brown of Midland
+  Texas and Irvine, Calif.-based AFG Industries Inc, last week
+  dropped its 100 dlr a share hostile tender offer.
+  
+
diff --git a/reuters/test/16396 b/reuters/test/16396
new file mode 100644
index 0000000000000000000000000000000000000000..7b84afaced0054e6053e87b7c07bf1d0c413abdd
--- /dev/null
+++ b/reuters/test/16396
@@ -0,0 +1,7 @@
+FRANKLIN PENNSYLVANIA U.S. SETS INITIAL PAYOUT
+  Franklin Pennsylvania
+  Investors U.S. Government Securities Fund Fund said its board
+  declared an initial monthly dividend of 7.8 cts per share,
+  payable April 30 to holders of record April 15.
+  
+
diff --git a/reuters/test/16398 b/reuters/test/16398
new file mode 100644
index 0000000000000000000000000000000000000000..3c713f8ffbb89681914510ff7151621a57daaa5d
--- /dev/null
+++ b/reuters/test/16398
@@ -0,0 +1,17 @@
+GAF <GAF> STUDYING BORG-WARNER <BOR> PLAN
+  GAF Corp is studying an agreement
+  under which Merrill Lynch Capital Partners will take
+  Borg-Warner Corp private in a 4.23 billion dlr transaction, a
+  GAF spokesman said.
+      The spokesman had no further comment.
+      Analysts said there was speculation GAF would make a new
+  offer for the Chicago-based plastics and automobile parts
+  company. Borg-Warner's stock rose 7/8 to 49-1/4, above the
+  Merrill Lynch 48.50 dlrs per share tender offer price.
+      Merrill Lynch Capital Partners, a unit of Merrill Lynch and
+  Co, is tendering for 89 pct of Borg-Warner and offering a
+  package of cash and securities for the balance of the shares.
+      GAF had offered 46 dlrs per share previously. It holds 19.9
+  pct of Borg-Warner's stock.
+  
+
diff --git a/reuters/test/16399 b/reuters/test/16399
new file mode 100644
index 0000000000000000000000000000000000000000..bd44f98b3dc5cf52307c7804871e07a83f26be2b
--- /dev/null
+++ b/reuters/test/16399
@@ -0,0 +1,25 @@
+NATIONAL WESTMINSTER BANK USA 1ST-QTR NET RISES
+  National Westminster Bank USA said
+  higher loans and core deposit volumes as well as a substantial
+  increase in net interest income contributed to a 16 pct rise in
+  first-quarter earnings to 17.7 mln dlrs from 15.3 mln reported
+  a year earlier.
+      The earnings gain came despite a 1.5 mln dlr reduction of
+  income as a result of placing Brazilian loans on non-accrual.
+      Net interest income totalled 92.5 mln dlrs compared with
+  91.7 mln dlrs in the same 1986 period as loans, mostly to
+  middle market businesses, increased by 896 mln dlrs. But some
+  of these gains were offset by low levels of interest rates.
+      Provision for loan losses rose to 13.8 mln dlrs from 13.0
+  mln a year earlier. At March 31, the allowance for loan losses
+  was 114.2 mln dlrs versus 94.8 mln at end of March 1986.
+      Non-accrual loans rose to 286 mln dlrs from 132 mln at the
+  end of the first quarter of 1986, largely because 119 mln dlrs
+  of loans to Brazil were put on non-accrual status.
+      The bank said that if these loans remain on non-accrual for
+  the remainder of the year net income for 1987 would be reduced
+  by about 4.9 mln dlrs.
+      National Westminster Bank USA is a wholly-owned subsidiary
+  of National Westminster Bank PLC.
+  
+
diff --git a/reuters/test/16400 b/reuters/test/16400
new file mode 100644
index 0000000000000000000000000000000000000000..a44cdb4283b298b7c568a0aef6702c89e3ed98af
--- /dev/null
+++ b/reuters/test/16400
@@ -0,0 +1,10 @@
+LASER PHOTONICS INC <LAZR.O> 4TH QTR DEC 31
+  Shr loss 26 cts vs loss one cts
+      Net loss 699,000 vs loss 20,617
+      Revs 883,000 vs 1.1 mln
+      Year
+      Shr loss 62 cts vs loss eight cts
+      Net loss 1.7 mln vs loss 185,003
+      Revs 3.6 mln vs 4.5 mln
+  
+
diff --git a/reuters/test/16401 b/reuters/test/16401
new file mode 100644
index 0000000000000000000000000000000000000000..1519356919cbd0cc99d1c817a0fe27500406a13b
--- /dev/null
+++ b/reuters/test/16401
@@ -0,0 +1,6 @@
+EASTERN UTILITIES ASSOCIATES <EUA> UPS PAYOUT
+  Qtly div 57-1/2 cts vs 54-1/2 cts prior qtr
+      Pay May 15
+      Record May 1
+  
+
diff --git a/reuters/test/16402 b/reuters/test/16402
new file mode 100644
index 0000000000000000000000000000000000000000..31d0a6fd42a32662cffe7a1a0abf90dbb3c0e7f3
--- /dev/null
+++ b/reuters/test/16402
@@ -0,0 +1,21 @@
+ITALY'S BUITONI ACQUIRES VISMARA FOOD GROUP
+  Carlo De Benedetti's food
+  company Industrie Buitoni Perugina Spa said it has acquired the
+  Italian food group Vismara.
+      Buitoni said in a statement that Vismara had 1986 sales of
+  181 billion lire and net profit of 11 billion lire, employs 950
+  people and has four subsidaries.
+      Buitoni did not disclose financial details about the
+  acquisition. De Benedetti said last week that his group was
+  negotiating a purchase of an unidentified Italian food firm.
+      Vismara primarily produces a variety of pork products. "The
+  acquisition represents a diversification in a market sector
+  with annual consumption of 8,500 billion lire," Buitoni said.
+      Buitoni also said its consolidated revenue during the first
+  quarter of this year was 429 billion lire, up 51 pct from the
+  comparable 1986 period.
+      As reported, Buitoni's consolidated revenue rose last year
+  to 1,623 billion lire from 1,177 billion in 1985. Net profit
+  rose to 18.5 billion lire from 448 mln lire in 1985.
+  
+
diff --git a/reuters/test/16403 b/reuters/test/16403
new file mode 100644
index 0000000000000000000000000000000000000000..8dff9361b4444cae8af0c01d92b9f8149baf4557
--- /dev/null
+++ b/reuters/test/16403
@@ -0,0 +1,11 @@
+MCGRAW-HILL <MHP> DIVESTS SOUTH AFRICAN UNIT
+  McGraw-Hill Inc said it has sold its
+  McGraw-Hill Book Co South Africa Pty Ltd subsidiary to a local
+  management group for an undisclosed amount of cash and halted
+  the sale of all products and services to South Africa.
+      The company said the divestiture follows a resolution of
+  its board in February that cited increased political and social
+  unrest within South Africa and the refusal of the South African
+  government to abolish the apartheid system.
+  
+
diff --git a/reuters/test/16404 b/reuters/test/16404
new file mode 100644
index 0000000000000000000000000000000000000000..571fb88d0f3fd2f70303df09b801af3e5e89cdfc
--- /dev/null
+++ b/reuters/test/16404
@@ -0,0 +1,11 @@
+OAK ONDUSTRIES <OAK> TO BUY ELECTRONICS FIRM
+  Oak Industries Inc said it
+  agreed to buy the stock of Electronic Technologies Inc of New
+  York for an undisclosed amount of cash.
+      Electronic Technologies manufactures quartz crystal
+  components, Oak said.
+      It said the acquisition is part of its ongoing stategy to
+  restructure its core businesses through cost reduction programs
+  and the purchase of compatible companies.
+  
+
diff --git a/reuters/test/16405 b/reuters/test/16405
new file mode 100644
index 0000000000000000000000000000000000000000..0ef55fb5d0037ead4117464a6485f8b8b31b1dd2
--- /dev/null
+++ b/reuters/test/16405
@@ -0,0 +1,8 @@
+PEOPLES HERITAGE BANK <PHBK> 1ST QTR NET
+  Shr 51 cts vs not given
+      Net 4,661,000 vs 2,499,000
+      NOTE: Includes net securities gains of 663,000 dlrs vs 1.2
+  mln dlrs from.
+      Company converted to stock ownership in December 1986.
+  
+
diff --git a/reuters/test/16406 b/reuters/test/16406
new file mode 100644
index 0000000000000000000000000000000000000000..78f53f49e55913d69f2dd414cdc794d5a92647af
--- /dev/null
+++ b/reuters/test/16406
@@ -0,0 +1,5 @@
+REVLON GROUP AGREES TO MERGE WITH MACANDREWS AND FORBES GROUP FOR 20.10 DLRS/SHR CASH
+
+  REVLON GROUP AGREES TO MERGE WITH MACANDREWS AND FORBES GROUP FOR 20.10 DLRS/SHR CASH
+  
+
diff --git a/reuters/test/16407 b/reuters/test/16407
new file mode 100644
index 0000000000000000000000000000000000000000..127291117fe92f549e5604658dcef42e1b421675
--- /dev/null
+++ b/reuters/test/16407
@@ -0,0 +1,8 @@
+U.S. TRUST CO <USTC> RAISES BROKER LOAN RATE
+  U.S. Trust Co said it raised its
+  broker loan rate to 7-3/4 pct from 7-1/2 pct, effective
+  immediately.
+      Bankers Trust Co <BT>, which also quotes its broker loan
+  rate publicly, raised its rate to 7-1/2 pct earlier today.
+  
+
diff --git a/reuters/test/16409 b/reuters/test/16409
new file mode 100644
index 0000000000000000000000000000000000000000..249d9c8005867e6a4f333f1d53061e508d0ed48a
--- /dev/null
+++ b/reuters/test/16409
@@ -0,0 +1,14 @@
+(CORRECTED)-CRAZY EDDIE <CRZY.O> SETS RIGHTS
+  Crazy Eddie Inc said its board has
+  adopted a defensive shareholder rights plan and said it has
+  reacived inquiries on a friendly merger.
+      It said under the plan, shareholders of record as of April
+  21 will receive a right to purchase under certain circumstances
+  at a price of 42 dlrs 0.01 preferred share for each common
+  share held.  The rights expire April 9, 1997.
+      The company said the rights would be exercisable 20
+  business days after a party were to acquire 20 pct or more of
+  Crazy Eddie common stock or announce a bid for 30 pct or more.
+      Adds dropped year of rights expiration.
+  
+
diff --git a/reuters/test/16410 b/reuters/test/16410
new file mode 100644
index 0000000000000000000000000000000000000000..237197d7ad0575ea7df018b1137a5953fc79b064
--- /dev/null
+++ b/reuters/test/16410
@@ -0,0 +1,12 @@
+BIOTECH ELECTRONICS INC <ION.TO> 3RD QTR NET
+  Shr eight cts vs one-half ct
+      Net 508,000 vs 21,000
+      Revs 7.2 mln vs 7.4 mln
+      Nine mths
+      Shr 28 cts vs 11 cts
+      Net 1,523,000 vs 567,000
+      Revs 26.2 mln vs 22.6 mln
+      Note: period ended February 28.
+   Reuter
+  
+
diff --git a/reuters/test/16415 b/reuters/test/16415
new file mode 100644
index 0000000000000000000000000000000000000000..0001149d6bf8d4ebb68a34611edb586dc92b9bae
--- /dev/null
+++ b/reuters/test/16415
@@ -0,0 +1,13 @@
+PORTUGUESE CONSUMER PRICES UP 1.4 PCT IN MARCH
+  Portugal's consumer prices rose 1.4 pct
+  in March after a one pct increase in February and a 1.2 pct
+  rise in March 1986, the National Statistics Institute said.
+      The consumer price index (base 100 for 1976) rose to 772.0
+  from 761.3 in February and compared with 703.4 in March 1986.
+      This gave a year-on-year March inflation rate of 9.8 pct
+  against 9.5 pct in February and 12.2 pct in March 1986.
+      Measured as an annual average rate, inflation in March was
+  10.9 pct compared with 11.1 pct in February. The government
+  forecasts annual inflation of about eight pct this year.
+  
+
diff --git a/reuters/test/16417 b/reuters/test/16417
new file mode 100644
index 0000000000000000000000000000000000000000..55427ba48d812450273c501c5ca692f9b22b3d61
--- /dev/null
+++ b/reuters/test/16417
@@ -0,0 +1,8 @@
+MYERS INDUSTRIES INC <MYE> 1ST QTR NET
+  Shr 22 cts vs 18 cts
+      Net 803,708 vs 642,534
+      Sales 21.0 ln vs 18.8 mln
+      NOTE: Per share figures adjusted for ten pct stock dividend
+  paid August 1986.
+  
+
diff --git a/reuters/test/16418 b/reuters/test/16418
new file mode 100644
index 0000000000000000000000000000000000000000..b206a6ff718391704b21fe50bce695543b3d8165
--- /dev/null
+++ b/reuters/test/16418
@@ -0,0 +1,5 @@
+GTE CORP 1ST QTR SHR 78 CTS VS 86 CTS
+
+  GTE CORP 1ST QTR SHR 78 CTS VS 86 CTS
+  
+
diff --git a/reuters/test/16419 b/reuters/test/16419
new file mode 100644
index 0000000000000000000000000000000000000000..e59ac78f30212bba0fb0424593c93c83655e22ad
--- /dev/null
+++ b/reuters/test/16419
@@ -0,0 +1,9 @@
+RESDEL <RSDL.O> TO MERGE WITH SAN/BAR <SBAR.O>
+  Resdel Industries said it
+  and San/Bar Corp has agreed to merge San/Bar into Resdel.
+      The arrangement calls for San/Bar to spin-off assets of its
+  Break-Free division to shareholders then exchange its own
+  shares for Resdel stock at a ratio of one Resdel share for each
+  San/Bar share held, Resdel said.
+  
+
diff --git a/reuters/test/16420 b/reuters/test/16420
new file mode 100644
index 0000000000000000000000000000000000000000..80af2f23af49ec3f75606479ce2acd6e8a166df0
--- /dev/null
+++ b/reuters/test/16420
@@ -0,0 +1,14 @@
+MIDLANTIC <MIDL.O> TO ACQUIRE COUNTY BANCORP
+  Midlantic Corp said it agreed to
+  acquire County Bancorp for about 23 mln dlrs in an agreement
+  calling for County Trust Co, a County Bancorp subsidiary, to
+  merge into Midlantic National Bank/North.
+      Midlantic said it will pay 83.73 dlrs a share in cash, or
+  2.36 times County Bancorp's March 31 book value, for each of
+  County's about 276,0000 shares outstanding. It said it received
+  an option from three principal shareholders for 40 pct of
+  County's outstanding.
+      The acquisition is expected in the third quarter of 1987
+  and is subject to regulatory and shareholder approvals.
+  
+
diff --git a/reuters/test/16421 b/reuters/test/16421
new file mode 100644
index 0000000000000000000000000000000000000000..7f43a7943d4afeba7e40b4f5f0f0c66c079b8a12
--- /dev/null
+++ b/reuters/test/16421
@@ -0,0 +1,9 @@
+PEOPLE'S SAVINGS BANK OF BROCKTON <PBKB.O>
+  Net 646,000 vs 470,000
+      Assets 173.0 mln vs 152.9 mln
+      NOTE:Quarter ended March 31. The company completed
+  conversion from mutual to stock form in October 1986, raising
+  14.1 mln dlrs in net proceeds through the sale of 2.3 mln
+  shares of common stock.
+  
+
diff --git a/reuters/test/16422 b/reuters/test/16422
new file mode 100644
index 0000000000000000000000000000000000000000..f013e20cc17ac22b26ee6a92b6b05d39d0a45721
--- /dev/null
+++ b/reuters/test/16422
@@ -0,0 +1,13 @@
+MICRO GENERAL CORP <MGEN.O> 4TH QTR LOSS
+  Period ended December 28.
+      Shr nil vs loss six cts
+      Net loss 6,319 vs loss 265,651
+      Revs 1,117,778 vs 1,090,001
+      Avg shrs 6,874,383 vs 4,323,614
+      Year
+      Shr nil vs loss 10 cts
+      Net profit 4,323 vs loss 432,458
+      Revs 4,711,350 vs 4,256,708
+      Avg shrs 6,837,871 vs 4,322,816
+  
+
diff --git a/reuters/test/16424 b/reuters/test/16424
new file mode 100644
index 0000000000000000000000000000000000000000..154de3b73277982150d4e691f5f5c3bc9158901a
--- /dev/null
+++ b/reuters/test/16424
@@ -0,0 +1,7 @@
+GTE CORP <GTE> 1ST QTR MAR 31
+  Shr 78 cts vs 86 cts
+      Net 265.0 mln vs 283.0 mln
+      Revs 3.7 billion vs 3.6 billion
+      Avg shrs 329.0 mln vs 319.0 mln
+  
+
diff --git a/reuters/test/16426 b/reuters/test/16426
new file mode 100644
index 0000000000000000000000000000000000000000..8ff94df0c7a11ebd9b8c1ee6817ed0ad39ed631a
--- /dev/null
+++ b/reuters/test/16426
@@ -0,0 +1,5 @@
+GTE POSTS PRE-TAX LOSS OF 121 MLN DLRS IN 1ST QTR FOR 50 PCT SHARE OF US SPRINT
+
+  GTE POSTS PRE-TAX LOSS OF 121 MLN DLRS IN 1ST QTR FOR 50 PCT SHARE OF US SPRINT
+  
+
diff --git a/reuters/test/16427 b/reuters/test/16427
new file mode 100644
index 0000000000000000000000000000000000000000..afa0cccd814bd8c4a4307f0963345a31f4299cca
--- /dev/null
+++ b/reuters/test/16427
@@ -0,0 +1,18 @@
+GROUP RAISES SCANDINAVIA FUND <SCF> STAKE
+  A shareholder group consisting of
+  foreign investment firms and investors said it raised its stake
+  in Scandinavia Fund Inc to 2,607,900 shares, or 40.0 pct of the
+  total outstanding from 2,309,700 shares, or 35.4 pct.
+      In a filing with the Securities and Exchange Commission,
+  the group also said it is considering an informal offer made by
+  Scandinavia Fund President Bjorn Carlson on March 31 which
+  would grant it representation on the company's board.
+      The group includes VBI Corp, a Turks and Caicos Islands
+  investment firm, and Ingemar Rydin Industritillbehor AB, a
+  Swedish investment firm, and Erik Martin Vik, a Norwegian
+  investor, and Vik's son, Alexander.
+      The group said VBI and the elder Vik bought a combined
+  298,200 Scandinavia Fund common shares since March 13 at prices
+  ranging from 9.500 to 10.000 dlrs a share.
+  
+
diff --git a/reuters/test/16428 b/reuters/test/16428
new file mode 100644
index 0000000000000000000000000000000000000000..371c758ae92f783c5c336a1f097889f870e30b76
--- /dev/null
+++ b/reuters/test/16428
@@ -0,0 +1,6 @@
+SQUARE D CORP <SQD> 1ST QTR NET
+  Shr 79 cts vs 73 cts
+      Net 22,901,000 vs 21,042,000
+      Sales 336.1 mln vs 334.1 mln
+  
+
diff --git a/reuters/test/16429 b/reuters/test/16429
new file mode 100644
index 0000000000000000000000000000000000000000..4d106e4e67d0775099a092b8dd95a64a26c58628
--- /dev/null
+++ b/reuters/test/16429
@@ -0,0 +1,11 @@
+TRITON <OIL> SAYS PARIS BASIN RESERVES UP 39 PCT
+  Triton Energy Corp said proven reserves
+  of the Villespedue oil field in France's Paris Basin were
+  estimated at a total of 67.5 mln barrels on March one, up 39
+  pct from 48.7 mln barrels on May 31, 1986.
+      Triton said its 60 pct owned <Triton Europe Plc> subsidiary
+  has a 50 pct interest in the field which is located 50 miles
+  east of Paris. The other 50 pct is held by <Total Exploration
+  S.A.>, the field's operator.
+  
+
diff --git a/reuters/test/16430 b/reuters/test/16430
new file mode 100644
index 0000000000000000000000000000000000000000..14548d094dd2a58b133e944f59084d7bd248fdad
--- /dev/null
+++ b/reuters/test/16430
@@ -0,0 +1,43 @@
+TALKING POINT/IBM <IBM>
+  International Business Machines Corp
+  has started the year aggressively, but industry analysts said
+  the company still faces some tough rounds in its fight to stop
+  a two-year earnings slump.
+      "I am more impressed with what's happening at IBM than I
+  have been in a long time," said PaineWebber analyst Stephen
+  Smith.
+      "But they're not out of the woods yet," he added.
+      At 1.30 dlrs a share, IBM's first-quarter net income easily
+  topped most estimates on Wall Street, which had ranged from an
+  even dollar to 1.20 dlrs.
+      Most analysts said they were pleasantly surprised by IBM's
+  performance. But they indicated that IBM's chances for a full
+  recovery hinged on several key factors whose impact will not be
+  felt until later in the year.
+      These include the success of IBM's new personal computer
+  line, introduced two weeks ago, and its 9370 minicomputers,
+  which will begin volume shipments in July.
+      In addition, IBM has said the full benefits of its
+  early-retirement program and other cost-cutting moves will
+  emerge as the year progresses.
+      Analysts noted that IBM chairman John F. Akers was
+  relatively more upbeat in assessing the company's outlook than
+  he has been for nearly a year.
+      "Although the worldwide economic situation remains
+  unsettled, there are some encouraging signs in our business,"
+  Akers said, pointing to, among other things, higher
+  first-quarter shipments. "We remain optimistic about the
+  prospects for both the industry and IBM," he said.
+      "Akers was most encouraging," said PaineWebber's Smith.
+      A weak dollar, a lower tax rate and strong mainframe
+  computer sales all contributed to the better-than-expected
+  first-quarter results, analysts said.
+      "Shipments of the 3090 mainframes were very strong in
+  March," after a weak January and February, said Ulric Weil of
+  Washington-based Weil and Associates.
+      Sales of the top-of-the-line mainframes, commonly called
+  the Sierras, "bailed out the whole quarter," Weil said, adding,
+  "If this continues, it augers well for the rest of the year."
+  REUTER...^M
+  
+
diff --git a/reuters/test/16432 b/reuters/test/16432
new file mode 100644
index 0000000000000000000000000000000000000000..13f098a22e52beb13e042a86b8f3a25bde9c1919
--- /dev/null
+++ b/reuters/test/16432
@@ -0,0 +1,13 @@
+MICRO MASK INC <NMS.O> 2ND QTR MAR 31 OPER LOSS
+  Oper shr loss 20 cts vs loss 63 cts
+      Oper net loss 439,000 vs loss 1,347,000
+      Sales 6,303,000 vs 5,062,000
+      Six mths
+      Oper shr loss 43 cts vs loss 1.02 dlrs
+      Oper net loss 934,000 vs loss 2,333,000
+      Sales 12.1 mln vs 9,878,000
+      Note: oper data does not include 1986 losses from
+  discontinued operations of 60,000 dlrs, or three cts per shr,
+  in qtr and 151,000 dlrs, or seven cts per shr, in six mths.
+  
+
diff --git a/reuters/test/16433 b/reuters/test/16433
new file mode 100644
index 0000000000000000000000000000000000000000..b1b2ce4c3a24b203142d71bf47caeb237418dcee
--- /dev/null
+++ b/reuters/test/16433
@@ -0,0 +1,6 @@
+JAPANESE CRUSHERS BUY CANADIAN RAPESEEED
+  Japanese crushers bought 3,000 to
+  4,000 tonnes of Canadian rapeseed in export business overnight
+  for last half May/first half June shipment, trade sources said.
+  
+
diff --git a/reuters/test/16434 b/reuters/test/16434
new file mode 100644
index 0000000000000000000000000000000000000000..54adb66ebf3c6ec64682c05e08db7164ed11a78e
--- /dev/null
+++ b/reuters/test/16434
@@ -0,0 +1,24 @@
+IRVING BANK <V> 1ST-QTR NET HURT BY BRAZIL
+  Irving Bank Corp said a six pct drop
+  in first-quarter net income from a year earlier was largely the
+  result of placing medium- and long-term loans to borrowers in
+  Brazil and Ecuador on non-accrual status.
+      Income in the first three months fell to 28.60 mln dlrs
+  from 30.43 mln in the same 1986 period. Earnings per share
+  dropped to 1.51 dlrs from 1.62.
+      Irving put 215 mln dlrs of Brazilian and 33 mln dlrs of
+  Ecuadorean loans on non-accrual, reducing first-quarter net
+  income by a total of 4.4 mln dlrs after tax.
+      Irving estimates full year net would be reduced by 15.3 mln
+  dlrs after tax if no cash interest payments are received on
+  these loans during the remainder of 1987.
+      Also adversely affecting earnings were losses on the
+  trading of securities and higher non-interest expenses,
+  although these were partly offset by increased trust income,
+  profits from foreign exchange trading and investment securities
+  gains, the bank said.
+      The allowance for loan losses was 224.8 mln dlrs, up from
+  185.2 mln a year earlier. The provision for loan losses was
+  21.8 mln versus 19.5 mln in the first quarter of 1986.
+  
+
diff --git a/reuters/test/16437 b/reuters/test/16437
new file mode 100644
index 0000000000000000000000000000000000000000..e04e226efc2c5b3e7c26507499c95cfb49f04545
--- /dev/null
+++ b/reuters/test/16437
@@ -0,0 +1,7 @@
+ALLEGHENY/WESTERN ENERGY <ALGH.O> UPS PAYOUT
+  Qtly div 7-1/2 cts vs six cts prior
+      Pay June 3
+      Record May 15
+      NOTE: Full name Allegheny and Western Energy Corp.
+  
+
diff --git a/reuters/test/16438 b/reuters/test/16438
new file mode 100644
index 0000000000000000000000000000000000000000..852eb8bcfc80d235b905d9aab10cb51141fc0ee6
--- /dev/null
+++ b/reuters/test/16438
@@ -0,0 +1,14 @@
+STANDARD <SRD>,MOBIL <MOB>PLAN OFFSHORE PLATFORM
+  Standard Oil Co said a contract has
+  been awarded to <CBS Engineering Inc> for a drilling and
+  production platform to be installed in Ewing Bank Block 826 in
+  the Gulf of Mexico where Standard and Mobil Corp each own a 40
+  pct interest.
+      Standard said its Standard Oil Production Co subsidiary
+  will operate the platform which is being designed to produce
+  15,000 barrels of oil and 50 mln cubic feet of gas daily. The
+  platform is now expected to be installed in the summer of 1988.
+  Other owners are Kerr-McGee Corp <KMG> with 16.66 pct and
+  <Prudential Insurance Co of America> with  3.34 pct.
+  
+
diff --git a/reuters/test/16440 b/reuters/test/16440
new file mode 100644
index 0000000000000000000000000000000000000000..5ecd678127bae51e819ea788c9845f6efb69c349
--- /dev/null
+++ b/reuters/test/16440
@@ -0,0 +1,5 @@
+UNITED TELECOMMUNICATIONS INC 1ST QTR SHR 13 CTS VS 47 CTS
+
+  UNITED TELECOMMUNICATIONS INC 1ST QTR SHR 13 CTS VS 47 CTS
+  
+
diff --git a/reuters/test/16441 b/reuters/test/16441
new file mode 100644
index 0000000000000000000000000000000000000000..80662efe4fcebd9e240b119692d746ec09520e91
--- /dev/null
+++ b/reuters/test/16441
@@ -0,0 +1,7 @@
+<COAST R.V. INC> 1ST QTR NET
+  Shr profit one ct vs loss 28 cts
+      Net profit 23,000 vs loss 725,000
+      Sales 20.6 mln vs 18.5 mln
+      Avg shrs 3,959,011 vs 2,608,571
+  
+
diff --git a/reuters/test/16442 b/reuters/test/16442
new file mode 100644
index 0000000000000000000000000000000000000000..02d4245480563f9a5b423a360e13110fcd0ce4b3
--- /dev/null
+++ b/reuters/test/16442
@@ -0,0 +1,18 @@
+U.S. FEBRUARY TRADE TO BE REPORTED ON NEW BASIS
+  The February monthly merchandise
+  trade figures to be reported Tuesday by the Commerce Department
+  will be on a new basis reflecting more recent data, so avoiding
+  future revisions of the monthly figure, Commerce officials
+  said.
+      The overall January deficit of 14.8 billion dlrs will be
+  revised, but the February figure will be a final one, officials
+  said.
+      Previously, the initial monthly figure has had to be
+  revised in subsequent months because of the time lag between
+  the report and the compiling of final estimates on imports and
+  exports.
+      The reporting of the February trade data was delayed
+  several weeks to permit gathering latest figures on imports and
+  exports to give a clearer picture of the monthly trade balance.
+  
+
diff --git a/reuters/test/16443 b/reuters/test/16443
new file mode 100644
index 0000000000000000000000000000000000000000..73e8b135ca09fd594e87e43fd744ec97990a05e3
--- /dev/null
+++ b/reuters/test/16443
@@ -0,0 +1,36 @@
+REVLON <REV> AND MACANDREWS AND FORBES TO MERGE
+  <MacAndrews and Forbes Group> and
+  Revlon Group Inc <REV> said that they have entered into a
+  definitive mergewr agreement where MacAndrews will acquire
+  Revlon at 20.10 dlrs per common share in cash.
+      MacAndrews said it increased its offer to purchase all
+  Revlon common shares to 20.10 dlrs a share, from its April 1
+  offer of 18.50 dlrs a share.
+      Following consummation of the offer, a unit of MacAndrews
+  will merge into Revlon and each remaining share will be
+  converted into the right to receive 20.10 dlrs per share in
+  cash, the companies said.
+      Revlon said its board of directors unanimously approved the
+  merger agreement.
+      MacAndrews and Revlon also said they have reached a
+  settlement with the plaintiff in the pending litigation
+  challenging acquisition of the shares by MacAnrews.
+      The companies said the tender offer and withdrawal rights
+  will expireon Tuesday April 28, unless extended.
+      MacAndrews said it will promptly file revised tender offer
+  material with the Securities and Exchange Commission. Drexel
+  Burnham Lambert Inc is acting as dealer-manager for the offer,
+  the companies said.
+      Revlon currently has about 42 mln shares outstanding. The
+  current offer price is about 782 mln dlrs, a company spokesman
+  said, up from the previous offer of 720 mln dlrs.
+      On April 1, MacAndrews and Forbes, owned by Ronald
+  Perelman, offered 18.50 dlrs a share for the 63 pct of Revlon
+  shares he did not already own.
+      Since the offer was made over a dozen shareholder lawsuits
+  were brought against Revlon alleging the original offer was too
+  low.
+      But, the companies said these lawsuits have been settled in
+  the amended offer.
+  
+
diff --git a/reuters/test/16444 b/reuters/test/16444
new file mode 100644
index 0000000000000000000000000000000000000000..158b9e88e4f3fc385b9614268034169b4ba950bc
--- /dev/null
+++ b/reuters/test/16444
@@ -0,0 +1,12 @@
+REAL ESTATE FIRM CUTS INTERMAGNETICS<INMA> STAKE
+  Roland International Corp, a Coconut
+  Grove, Fla., real estate development company, said it cut its
+  stake in Intermagnetics General Corp to 308,400 shares, or 4.8
+  pct of the total outstanding, from 358,400 shares, or 5.6 pct.
+      In a filing with the Securities and Exchange Commission,
+  Roland said it sold 50,000 shares on Feb 4 at 5.13 dlrs each.
+      As long as Roland's stake in Intermagnetics General is
+  below five pct, it is not required to report any further
+  dealings in the company's stock.
+  
+
diff --git a/reuters/test/16448 b/reuters/test/16448
new file mode 100644
index 0000000000000000000000000000000000000000..af00069ff470992be3ce71f5ea5a927001e32b1a
--- /dev/null
+++ b/reuters/test/16448
@@ -0,0 +1,5 @@
+FIRST COMMERCE CORP <FCOM> 1ST QTR NET
+  Shr 40 cts vs 31 cts
+      Net 5,151,000 vs 4,078,000
+  
+
diff --git a/reuters/test/16449 b/reuters/test/16449
new file mode 100644
index 0000000000000000000000000000000000000000..10f5c566d406ab40269d4180e568d8fd8d9996d2
--- /dev/null
+++ b/reuters/test/16449
@@ -0,0 +1,14 @@
+DATAPRODUCTS <DPC> TO BUY IMAGING SOLUTIONS
+  Dataproducts Corp said
+  it signed a letter of intent to acquire the Imaging Solutions
+  Inc unit of Reliance Electric Co under undisclosed terms.
+      This acquisition will give it all rights to proprietary
+  solid and liquid ink technologies which had been developed by a
+  joint venture operated by it and Exxon Corp <XON>, Dataproducts
+  said.
+      It said Imaging Solutions, formerly named Exxon Printing
+  Systems Inc, had been a Reliance Electric Co subsidiary.
+      But Reliance recently became an independent company as the
+  result of a leveraged buyout from its former owner, Exxon.
+  
+
diff --git a/reuters/test/16450 b/reuters/test/16450
new file mode 100644
index 0000000000000000000000000000000000000000..a611f668d002743f525b47b430e3f598d1a73e19
--- /dev/null
+++ b/reuters/test/16450
@@ -0,0 +1,9 @@
+JANNOCK <JN.TO> ACQUIRES HALF-STAKE IN PRINTER
+  Jannock Ltd said its Jannock Imaging Co
+  Ltd unit acquired a 50 pct stake in Arthurs-Jones Lithographing
+  Ltd, of Toronto, for undisclosed terms.
+      It said the acquisition would lift Jannock Imaging revenues
+  to 50 mln dlrs this year. It did not specify Arthurs-Jones'
+  1986 revenues.
+  
+
diff --git a/reuters/test/16454 b/reuters/test/16454
new file mode 100644
index 0000000000000000000000000000000000000000..164dbc7db0d80608f6df57157579906431ec8bb9
--- /dev/null
+++ b/reuters/test/16454
@@ -0,0 +1,15 @@
+MARK IV INDUSTRIES INC <IV> 4TH QTR FEB 28 NET
+  Shr 30 cts vs 17 cts
+      Net 2,526,000 vs 1,452,000
+      Revs 71.9 mln vs 25.2 mln
+      Year
+      Shr 1.20 dlrs vs 68 cts
+      Net 10.2 mln vs 4,738,000
+      Revs 291.5 mln vs 83.0 mln
+      Avg shrs 8,511,000 vs 6,983,000
+      NOTE: Current periods include gain of 299,000 dlrs in qtr
+  and 1.2 mln dlrs in year from changes in pension accounting.
+      Year-ago shr figures restated for 3-for-2 splits paid June
+  1986 and January 1987.
+  
+
diff --git a/reuters/test/16457 b/reuters/test/16457
new file mode 100644
index 0000000000000000000000000000000000000000..f5af1daea09cd6d1ebde6e3d7ac2f7d07339f617
--- /dev/null
+++ b/reuters/test/16457
@@ -0,0 +1,9 @@
+ELECTROHOME <EL.X.TO> TO SELL UNIT
+  Electrohome Ltd said it
+  agreed to sell certain assets of the computer service sector of
+  its AABEX service division to Canadian General Electric Co Ltd
+  <CGE.TO>.
+      Terms were not disclosed. The closing date is expected to
+  be May 1, 1987.
+  
+
diff --git a/reuters/test/16458 b/reuters/test/16458
new file mode 100644
index 0000000000000000000000000000000000000000..b8a46f8c681c71e3332e12e11677731c5c38a18e
--- /dev/null
+++ b/reuters/test/16458
@@ -0,0 +1,11 @@
+SALICK HEALTH CARE INC <SHCI.O> 2ND QTR NET
+  Period ended February 28.
+      Shr 14 cts vs 10 cts
+      Net 741,000 vs 510,000
+      Revs 5,980,000 vs 4,836,000
+      Six Mths
+      Shr 29 cts vs 20 cts
+      Net 1,556,000 vs 1,080,000
+      Revs 12.2 mln vs 9,214,000
+  
+
diff --git a/reuters/test/16459 b/reuters/test/16459
new file mode 100644
index 0000000000000000000000000000000000000000..e81e0efbbbbd5dffba6e2663bbb94d2fae388cbc
--- /dev/null
+++ b/reuters/test/16459
@@ -0,0 +1,12 @@
+LASER PHOTONICS INC <LAZR.O> CLOSES SALE
+  Laser Photonics Inc said it
+  completed a previously announced sale of 615,385 shares, or 18
+  pct, of its common stock to a group of investors for one mln
+  dlrs.
+      A 400,000 dlrs loan made by the investors was repaid out of
+  the proceeds, it said.
+      It also said it restructured its board to include three
+  members designated by the investors, including Pierre
+  Schoenheimer, Roger Kirk and Leonard Lichter.
+  
+
diff --git a/reuters/test/16460 b/reuters/test/16460
new file mode 100644
index 0000000000000000000000000000000000000000..ab162fbd61e457c3b73d23e7a6b1da09e7b29371
--- /dev/null
+++ b/reuters/test/16460
@@ -0,0 +1,13 @@
+AMSOUTH BANCORP <ASO> SETS EXCHANGE RATIO
+  AmSouth Bancorp said it will
+  issue about 3,166,000 shares of stock to acquire First
+  Tuskaloosa Corp.
+      Under a previously announced merger agreement, Amsouth
+  offered 66 dlrs a share in Amsouth stock for First Tuskaloosa.
+      The company said First Tuskaloosa shareholders will receive
+  1.978825 shares of Amsouth stock for each First Tuskaloosa
+  share held when the merger is effected April 17.
+      First Tuskaloosa has assets of more than 425 mln dlrs.
+  Amsouth's assets are about six billion dlrs.
+  
+
diff --git a/reuters/test/16461 b/reuters/test/16461
new file mode 100644
index 0000000000000000000000000000000000000000..a5ce3392b21322d346f15958dda4a1fd0989b2f5
--- /dev/null
+++ b/reuters/test/16461
@@ -0,0 +1,6 @@
+VOPLEX CORP <VOT> 1ST QTR MAR 31
+  Shr 25 cts vs 23 cts
+      Net 670,105 vs 599,107
+      Revs 21.4 mln vs 20.1 mln
+  
+
diff --git a/reuters/test/16463 b/reuters/test/16463
new file mode 100644
index 0000000000000000000000000000000000000000..d5a4d32da0c1bdfc77ae69250de1001f36958b15
--- /dev/null
+++ b/reuters/test/16463
@@ -0,0 +1,8 @@
+HADSON CORP <HADS.O> COMPLETES ACQUISITION
+  Hadson Corp said it
+  completed the acquisition of 85 pct of the Seaxe Energy Corp's
+  <SEAX.O> common stock for 182,415 shares of Hadson's stock.
+      Seaxe is engaged in international oil and gas exploration
+  and development primarily in the Paris basin of France.
+  
+
diff --git a/reuters/test/16465 b/reuters/test/16465
new file mode 100644
index 0000000000000000000000000000000000000000..b4a57c270c7e6b379fb8aea233bbd12d63f3c050
--- /dev/null
+++ b/reuters/test/16465
@@ -0,0 +1,9 @@
+ARRAYS <ARAY> COMPLETES MERGER
+  Arrays Inc said it completed
+  its merger with Haba Systems Inc.
+      Terms of the merger called for each share of Arrays to be
+  exchange for a share of Haba in a transaction valued at 4.1 mln
+  dlrs, the company said.
+      Both companies produce and market microcomputer software.
+  
+
diff --git a/reuters/test/16468 b/reuters/test/16468
new file mode 100644
index 0000000000000000000000000000000000000000..1cf2d17c50b7ed8c5b7f5e14df457acbe6cdd564
--- /dev/null
+++ b/reuters/test/16468
@@ -0,0 +1,7 @@
+FRANKLIN MASSACHUSETTS SETS MONTHLY PAYOUT
+  Mthly div 6.5 cts vs 6.5 cts prior
+      Pay April 30
+      Reord April 15
+      NOTE: Franklin Massachusetts Insured Tax-Free Income Fund.
+  
+
diff --git a/reuters/test/16469 b/reuters/test/16469
new file mode 100644
index 0000000000000000000000000000000000000000..aab6d6e1a49ec6c3eda7f1474f463a9c20f230f4
--- /dev/null
+++ b/reuters/test/16469
@@ -0,0 +1,7 @@
+FRANKLIN MINNESOTA SETS MONTHLY PAYOUT
+  Mthly div 6.6 cts vs 6.6 cts prior
+      Pay April 30
+      Reord April 15
+      NOTE: Franklin Minnesota Insured Tax-Free Income Fund.
+  
+
diff --git a/reuters/test/16470 b/reuters/test/16470
new file mode 100644
index 0000000000000000000000000000000000000000..9a1e80c6852c2cd17ca955c79639c81a3fb6d0a7
--- /dev/null
+++ b/reuters/test/16470
@@ -0,0 +1,7 @@
+FRANKLIN INSURED SETS MONTHLY PAYOUT
+  Mthly div 7.1 cts vs 7.1 cts prior
+      Pay April 30
+      Reord April 15
+      NOTE: Franklin Insured Tax-Free Income Fund.
+  
+
diff --git a/reuters/test/16471 b/reuters/test/16471
new file mode 100644
index 0000000000000000000000000000000000000000..988c2c633c1a4953168d01b77f041e01b0b3a63c
--- /dev/null
+++ b/reuters/test/16471
@@ -0,0 +1,7 @@
+FRANKLIN OHIO SETS MONTHLY PAYOUT
+  Mthly div 6.1 cts vs 6.1 cts prior
+      Pay April 30
+      Reord April 15
+      NOTE: Franklin Ohio Insured Tax-Free Income Fund.
+  
+
diff --git a/reuters/test/16472 b/reuters/test/16472
new file mode 100644
index 0000000000000000000000000000000000000000..40bb59a21da18ec20038f69f48362818608fad18
--- /dev/null
+++ b/reuters/test/16472
@@ -0,0 +1,7 @@
+FRANKLIN PUERTO RICO SETS MONTHLY PAYOUT
+  Mthly div 7.1 cts vs 7.1 cts prior
+      Pay April 30
+      Reord April 15
+      NOTE: Franklin Puerto Rico Tax-Free Income Fund.
+  
+
diff --git a/reuters/test/16473 b/reuters/test/16473
new file mode 100644
index 0000000000000000000000000000000000000000..61ae42a49ad23a7aa3118ba2057e94b40f1c62b5
--- /dev/null
+++ b/reuters/test/16473
@@ -0,0 +1,7 @@
+FRANKLIN CALIFORNIA SETS MONTHLY PAYOUT
+  Mthly div 6.5 cts vs 6.5 cts prior
+      Pay April 30
+      Reord April 15
+      NOTE: Franklin California Insured Tax-Free Income Fund.
+  
+
diff --git a/reuters/test/16475 b/reuters/test/16475
new file mode 100644
index 0000000000000000000000000000000000000000..dfe21eb8dad6efff3befb53031c82620d2629d96
--- /dev/null
+++ b/reuters/test/16475
@@ -0,0 +1,23 @@
+CANADA STOCKS/DOME PETROLEUM LTD <DMP>
+  Dome Petroleum Ltd shares moved higher
+  in the U.S. and Canada after TransCanada PipeLines Ltd <TRP>
+  made a 4.3 billion Canadian dlr bid for Dome and Dome said it
+  is in talks with two other unidentified companies.
+      Market speculation is that the other two potential bidders
+  are not Canadian companies and DuPont's <DD> Conoco and
+  Atlantic Richfield Co <ARC> are mentioned as possibilities,
+  Wilf Gobert of Peters and Co Ltd said.
+      Dome rose 1/4 to 1-1/8 on the American Stock Exchange.
+  TransCanada PipeLines was down 1/4 at 15-3/4 on the New York
+  Stock Exchange.
+      Dome was the most active stock on the Toronto exchange at
+  1.50 dlrs per share, up 37 cts.
+      Gobert characterized the market action in Dome as "awfully
+  optimistic" but said investors are hoping for a competing offer
+  to the shareholders.
+      TransCanada PipeLines' offer is to Dome management, not to
+  shareholders. However, it proposes issuing new equity in a
+  subsidiary that would operate Dome assets. Current Dome
+  shareholders would own 20 pct of the new subsidiary.
+  
+
diff --git a/reuters/test/16476 b/reuters/test/16476
new file mode 100644
index 0000000000000000000000000000000000000000..8d11033928a22d87f94b5176cc43f189af7b07e4
--- /dev/null
+++ b/reuters/test/16476
@@ -0,0 +1,9 @@
+UNITED TELECOMMUNICATIONS INC <UT> 1ST QTR NET
+  Shr 13 cts vs 47 cts
+      Net 13,492,000 vs 46,417,000
+      Revs 720.2 mln vs 793.6 mln
+      Avg shrs 99,085,000 vs 96,804,000
+      NOTE: Per-share results reflect payment of preferred
+  dividend requirements
+  
+
diff --git a/reuters/test/16478 b/reuters/test/16478
new file mode 100644
index 0000000000000000000000000000000000000000..f74379ea34686345f62b78791e6cd0bf8ab47711
--- /dev/null
+++ b/reuters/test/16478
@@ -0,0 +1,8 @@
+FIRST PENNSYLVANIA CORP <FPA> 1ST QTR NET
+  Shr 15 cts vs 13 cts
+      Net 8,753,000 vs 7,804,000
+      Avg shrs 32.6 mln vs 23.2 mln
+      NOTE: Includes gains of 4.1 mln dlrs or 12 cts vs 3.3 mln
+  dlrs or 15 cts from tax loss carryforwards.
+  
+
diff --git a/reuters/test/16479 b/reuters/test/16479
new file mode 100644
index 0000000000000000000000000000000000000000..d47739c5aa0cd98585364d45d22288ce2da3abc2
--- /dev/null
+++ b/reuters/test/16479
@@ -0,0 +1,12 @@
+<CLARK COPY INTERNATIONAL> BUYS W. GERMAN STAKE
+  Clark Copy
+  International Corp said it acquired a majority interest in
+  Datagraph GMBH of Lich, West Germany.
+      The acquisition was made through Clark Copy's majority
+  owned subsidiary Interactive Computer Aids of Norway.
+      No price was disclosed for the acquisition.
+      Clark Copy said worldwide sales for Datagraph, which makes
+  color graphics workstations, were 10 mln dlrs for the year
+  ended Dec. 31, 1986.
+  
+
diff --git a/reuters/test/16480 b/reuters/test/16480
new file mode 100644
index 0000000000000000000000000000000000000000..e8b0d612659b12c799d7fccfaf5dbd0af27ef658
--- /dev/null
+++ b/reuters/test/16480
@@ -0,0 +1,11 @@
+ENTRE COMPUTER CENTERS INC<ETRE.O> 2ND QTR LOSS
+  Ended Feb 28
+      Shr loss 29 cts vs profit 10 cts
+      Net loss 2,733,000 vs profit 911,000
+      Revs 21.5 mln vs 18.5 mln
+      Six mths
+      Shr loss 23 cts vs profit 26 cts
+      Net loss 2,154,000 vs profit 2,445,000
+      Revs 37.8 mln vs 37.7 mln
+  
+
diff --git a/reuters/test/16481 b/reuters/test/16481
new file mode 100644
index 0000000000000000000000000000000000000000..5751ae754308a044ecd802dfac5697b2afd3cd0d
--- /dev/null
+++ b/reuters/test/16481
@@ -0,0 +1,24 @@
+GTE <GTE> CITES LOSS OF SPRINT
+  GTE Corp said the decline in its
+  first quarter net income reflects a 121 mln dlr loss from its
+  50 pct share ownership of U.S. Sprint's operations.
+      This loss is an increase from the 60 mln dlrs loss reported
+  on operations GTE owned a year ago quarter and prior to
+  entering a joint venture with United Telecommunications <UT> in
+  July 1986. Under the joint venture, each company owns 50 pct of
+  Sprint.
+      Earlier, the company reported net income declined to 265.0
+  mln dlrs from 283.0 mln dlrs in the first quarter a year ago.
+      Theodore Brophy, chairman of GTE said, "we expect US
+  Sprint's losses to diminish later this year as customer traffic
+  migrates to the new fiber-optic network for long distance
+  telecommunications.
+      The reason for the higher losses reflect lower prices as
+  well as higher operating costs related, in part, to the
+  fraudalent use of the network.
+      Operating income of its telephone operations, which account
+  for 91 pct of the total, rose eight pct to 736.0 mln dlrs. 
+  Revenues from telephone operations rose eight pct to 2.9
+  billion dlrs.
+  
+
diff --git a/reuters/test/16483 b/reuters/test/16483
new file mode 100644
index 0000000000000000000000000000000000000000..c70bc74ebd39ccf07878dc677c73bd8186a49b87
--- /dev/null
+++ b/reuters/test/16483
@@ -0,0 +1,26 @@
+GOODYEAR <GT> TO SELL CELERON
+  Goodyear Tire and Rubber Co said it
+  expects to sell its Celeron Corp oil and gas subsidiary for
+  about two billion dlrs in about two months.
+      After the company's annual meeting, Rober Mercer,
+  Goodyear's chairman and chief executive officer, also said 
+  Goodyear expects to report a profit of more than one dlr a
+  share from continuing operations in the first quarter. In the
+  same year-ago period, Goodyear reported a loss of 64 cents a
+  share from continuing operations.
+      Mercer said about seven companies are interested in buying
+  Celeron and they may form a consortium to buy the unit.
+      Celeron consists of oil and gas reserves and an almost
+  complete pipeline linking drilling operations in Santa Barbara,
+  Calif., to Texas refineries. Mercer said Celeron's reserves
+  would not be sold separately from the pipeline.
+      Concerning speculation that two billion dlr price tag for
+  Celeron was too high, Mercer said "There is no fire sale going
+  on here and we can continue to keep Celeron as a profitable
+  operation throughout the year."
+      Mercer said the expected 1st quarter operating profit was
+  based on the new share total after Goodyear's share repurchase
+  last year to fend off Sir James Goldsmith's hostile takeover
+  bid.
+  
+
diff --git a/reuters/test/16486 b/reuters/test/16486
new file mode 100644
index 0000000000000000000000000000000000000000..b659e7b69384e643f7a120d3b8f8595eb586d13e
--- /dev/null
+++ b/reuters/test/16486
@@ -0,0 +1,6 @@
+NEW ENGLAND SAVINGS BANK <NESB> 1ST QTR NET
+  Shr 44 cts vs not given
+      Net 3,499,000 vs 2,295,000
+      NOTE: Converted to stock ownership Aug 1, 1986.
+  
+
diff --git a/reuters/test/16487 b/reuters/test/16487
new file mode 100644
index 0000000000000000000000000000000000000000..d063092ecce58a25f3c77cc379216ab0e99b3dac
--- /dev/null
+++ b/reuters/test/16487
@@ -0,0 +1,9 @@
+AMERICAN NATIONAL CORP <FNB> 1ST QTR NET
+  Net 12.8 mln vs 12.2 mln
+      Loans 2.8 billion vs 2.5 billion
+      Deposits 3.2 billion vs 2.9 billion
+      Assets 4.5 billion vs 3.8 billion
+      NOTE: American National Corp is a wholly-owned subsidiary
+  of First Chicago Corp.
+  
+
diff --git a/reuters/test/16488 b/reuters/test/16488
new file mode 100644
index 0000000000000000000000000000000000000000..a93b0fd4723c3ff59f0e564e3c449e8a911c3ea3
--- /dev/null
+++ b/reuters/test/16488
@@ -0,0 +1,14 @@
+AB ASTRA SHARE SPLIT TO WIDEN FOREIGN OWNERSHIP
+  AB Astra <ASTS.ST> said it was
+  proposing a two-for-one share split and the issue in June of a
+  new series of foreign-targeted shares with lower voting rights
+  as part of a strategy to internationalise the company.
+      The deal, which requires Swedish government approval, will
+  raise the percentage of foreign voting rights allowed in the
+  medical group to 22.5 pct from 20 pct, Astra said.
+      An extraordinary meeting of Astra's board proposed the
+  creation of B free shares open to foreign buyers with one tenth
+  of a voting right per share. At present, Astra stock consists
+  of one series of restricted shares and one of free shares.
+  
+
diff --git a/reuters/test/16490 b/reuters/test/16490
new file mode 100644
index 0000000000000000000000000000000000000000..1a062530388e62c0c4326ef516131ecfd5f5e3fb
--- /dev/null
+++ b/reuters/test/16490
@@ -0,0 +1,9 @@
+CORRECTED-<NATIONAL WESTMINSTER BANK USA>1ST QTR
+  Net 17.7 mln vs 15.3 mln
+      NOTE: <National Westminster Bank PLC> subsidiary.
+      Loan loss provision 13.8 mln vs 13.0 mln
+      Investment securities gains 2,003,000 dlrs vs 169,000 dlrs.
+      Figures in dollars.
+      Corrects name to subsidiary from parent.
+  
+
diff --git a/reuters/test/16492 b/reuters/test/16492
new file mode 100644
index 0000000000000000000000000000000000000000..99e7249ae2ca39c6c46b39d2c58f26f6db5a8c2d
--- /dev/null
+++ b/reuters/test/16492
@@ -0,0 +1,11 @@
+THE ONE BANCORP <TONE> 1ST QTR NET
+  Shr 76 cts vs 51 cts
+      Net 5,952,000 vs 4,374,000
+      Avg shrs 7,837,511 vs 7,446,356
+      NOTE: Includes gains of 1.3 mln dlrs vs 239,000 dlrs from
+  benefit of tax loss carryforwards.
+      Includes operations of Bank of Hartford, acquired Feb 23.
+      Year-ago shr figures reflect 2-for-1 split on April 15,
+  1986.
+  
+
diff --git a/reuters/test/16493 b/reuters/test/16493
new file mode 100644
index 0000000000000000000000000000000000000000..c36444a2ae59139dbc2a3d4555f48588b0952a91
--- /dev/null
+++ b/reuters/test/16493
@@ -0,0 +1,11 @@
+NOR-QUEST <NQRLF> MAKES BID FOR NORTHAIR <NRM.TO>
+  Nor-Quest Resources
+  Inc said it will make a takeover offer to acquire all shares of
+  Northair Mines Ltd on the basis of one Nor-Quest share plus one
+  dlr for two shares of Northair.
+      Nor-Quest said it plans to bring Northair's Willa Mine in
+  the Nelson area of British Columbia into production using
+  Nor-Quest's recently acquired 1200-ton per day mill located in
+  the area.
+  
+
diff --git a/reuters/test/16495 b/reuters/test/16495
new file mode 100644
index 0000000000000000000000000000000000000000..4addf6f6828e9d57c5de8a10ecfe4a245232c2db
--- /dev/null
+++ b/reuters/test/16495
@@ -0,0 +1,21 @@
+ARISTECH <ARS> SAYS 1ST QTR SHR ESTIMATE RIGHT
+  Aristech Chemical Corp chairman and
+  chief executive officer Thomas Marshall said analysts'
+  estimates of its 1987 fiscal year earnings of 2.25 dlrs to 2.50
+  dlrs per share are about right.
+      Addressing a gathering of analysts and institutional
+  investors, Marshall also said that analysts' estimates of its
+  first qtr earnings - 50 cts to 55 cts per share - were "in the
+  ballpark."
+      Marshall said the full year estimates represent more than a
+  32 pct increase over 1986's fiscal year net of 1.70 dlrs per
+  share.
+      He also said the first quarter estimates were 70 pct higher
+  than 1986's first quarter net of 29 cts per share.
+  Marshall attributibuted the first quarter earnings growth to
+  several factors, including sustained demand in Aristech's major
+  domestic markets and continued growth in exports.
+      Aristech plans to spend approximately 200 mln dlrs over in
+  capital investments over the next three years, Marshall added.
+  
+
diff --git a/reuters/test/16496 b/reuters/test/16496
new file mode 100644
index 0000000000000000000000000000000000000000..eb350e972c2ca35e4aaa6e5d36ba6ccf86f2e0c7
--- /dev/null
+++ b/reuters/test/16496
@@ -0,0 +1,20 @@
+UNITED TELECOM <UT> REPORTS US SPRINT LOSS
+  United Telecommunications Inc
+  said its lower first quarter earnings included a loss of
+  63,055,000 dlrs from its equity in US Sprint.
+      US Sprint was formed July 1, 1986, as a partnership which
+  combined United Telecommunications' long distance voice and
+  data operations with those of GTE Corp <GTE>.
+      Earlier, United Telecommunications reported first-quarter
+  earnings of 12.6 mln dlrs, or 13 cts a share compared to 46.4
+  mln dlrs, or 47 cts a share a year ago. Revenues declined to
+  720.2 mln dlrs from 793.6 mln dlrs.
+      United Telecommunications said the transition of US
+  Sprint's nationwide fiberoptic network is proceeding ahead of
+  schedule.
+      It said the transition to the fiber network from interim
+  networks would not only reduce operating costs in the second
+  half of 1987, but also assist in controlling unauthorized
+  network use.
+  
+
diff --git a/reuters/test/16499 b/reuters/test/16499
new file mode 100644
index 0000000000000000000000000000000000000000..2f1eae24ce6fff2dcf7ee874882b52137d14dda4
--- /dev/null
+++ b/reuters/test/16499
@@ -0,0 +1,10 @@
+CANADA APPROVES U.S. GAS EXPORTS BY PROGAS
+  ProGas Ltd was issued an export licence
+  to sell 10.3 billion cubic meters of natural gas to Ocean State
+  Power Co of Burrillville, Rhode Island, the federal energy
+  department said.
+      The sale, covering a 20 year period beginning May 1, 1989,
+  was previously recommended by the National Energy Board.
+      Contract terms were not released.
+  
+
diff --git a/reuters/test/16502 b/reuters/test/16502
new file mode 100644
index 0000000000000000000000000000000000000000..8b83f425cc0bb317885e9581e6691434b3708cb7
--- /dev/null
+++ b/reuters/test/16502
@@ -0,0 +1,11 @@
+BRAND COMPANIES <BRAN> SEES FIRST QUARTER LOSS
+  Brand Companies Inc said it expects to
+  report a 1987 first quarter loss of 15 to 17 cts a share on
+  revenues of 20 to 22 mln dlrs.
+      In the 1986 first quarter, Brand reported earnings of 21
+  cts on revenues of 28.5 mln dlrs.
+      No reason was given for the expected loss.
+      Final quarterly results will be reported toward the end of
+  the month or the beginning of May, a company spokesman said.
+  
+
diff --git a/reuters/test/16505 b/reuters/test/16505
new file mode 100644
index 0000000000000000000000000000000000000000..02d4245480563f9a5b423a360e13110fcd0ce4b3
--- /dev/null
+++ b/reuters/test/16505
@@ -0,0 +1,18 @@
+U.S. FEBRUARY TRADE TO BE REPORTED ON NEW BASIS
+  The February monthly merchandise
+  trade figures to be reported Tuesday by the Commerce Department
+  will be on a new basis reflecting more recent data, so avoiding
+  future revisions of the monthly figure, Commerce officials
+  said.
+      The overall January deficit of 14.8 billion dlrs will be
+  revised, but the February figure will be a final one, officials
+  said.
+      Previously, the initial monthly figure has had to be
+  revised in subsequent months because of the time lag between
+  the report and the compiling of final estimates on imports and
+  exports.
+      The reporting of the February trade data was delayed
+  several weeks to permit gathering latest figures on imports and
+  exports to give a clearer picture of the monthly trade balance.
+  
+
diff --git a/reuters/test/16510 b/reuters/test/16510
new file mode 100644
index 0000000000000000000000000000000000000000..e2671a1cdf7610d426b28dc9ada61fe6770f65a9
--- /dev/null
+++ b/reuters/test/16510
@@ -0,0 +1,14 @@
+BOOTHE <BCMP.O> MAKES ACQUISITION
+  Boothe Financial Corp, a
+  diversified holding company, said it has acquired the <Robert
+  Half and Accountemps> franchises in New England, including four
+  offices in Boston and Eastern Massachusetts and one office in
+  Providence, R.I.
+      Boothe said it previously announced the purchase of <Robert
+  Half International Inc> the franchisor of the Robert Half and
+  Accountemps offices in the U.S.
+      The company said the aggregate purchase price it paid for
+  Robert Half International and the franchises was about 59 mln
+  dlrs.
+  
+
diff --git a/reuters/test/16512 b/reuters/test/16512
new file mode 100644
index 0000000000000000000000000000000000000000..6872a33d81c1303c5978010de0711c9d8a95134e
--- /dev/null
+++ b/reuters/test/16512
@@ -0,0 +1,10 @@
+ATLANTIC FINANCIAL <ATLF.O> TO ACQUIRE S AND L
+  Atlantic Financial said it
+  signed a definitive agreement to acquire <Centurion Savings and
+  Loan Association>.
+      Atlantic did not disclose the purchase price.
+      Atlantic said it originally announced its intention to
+  acquire Centurion, located in Los Angeles, on Feb 23, 1987.
+      Centurion has assets of 105 mln dlrs, Atlantic said.
+  
+
diff --git a/reuters/test/16513 b/reuters/test/16513
new file mode 100644
index 0000000000000000000000000000000000000000..5fad6824ed62facc280f7c6adceb3f4230cc069d
--- /dev/null
+++ b/reuters/test/16513
@@ -0,0 +1,72 @@
+GAF <GAF> SEEN RAISING BORG-WARNER <BOR> BID
+  GAF Corp, set on acquiring Borg-Warner
+  Corp's valuable plastics business, is believed by analysts to
+  be preparing an increased offer for the Chicago-based company.
+       Yesterday, Borg-Warner said it agreed to be acquired for
+  4.23 billion dlrs by a company to be formed by Merrill Lynch
+  Capital Partners. Merrill offered 48.50 dlrs cash per share for
+  89 pct of Borg-Warner's common stock, and a package of cash and
+  securities for the balance.
+      Borg-Warner stock rose 1-3/8 to 49-5/8.
+      "I think it's (the stock price) telling us GAF is coming in
+  with another bid," said one analyst, who values the company at
+  51 or 52 dlrs per share.
+      GAF has offered 46 dlrs per share. It holds 19.9 pct of
+  Borg-Warner's stock.
+      "You're in a cat and mouse game on how you're going to up
+  the price. Obviously, nobody wants to pay more than you have
+  to. I think GAF is looking at the company the way we're looking
+  at it - that it's worth more," Pershing and Co analyst Richard
+  Henderson said.
+      Henderson estimated it is worth abouth 55 dlrs per share.
+      GAF has only said it was reviewing the situation. Merrill
+  Lynch officials did not return phone calls.
+      Analysts have said they believe GAF Chairman Samuel Heyman
+  sought Borg-Warner because of its chemicals and plastics
+  business. The rigid plastics are used in such things as
+  telephones, computer terminals, and appliances.
+      "Where the heck can you buy a world class chemical
+  operation these days," said Henderson.
+      "He's (Heyman's) got the bucks. He's a heavy hitter, and he
+  does not like to get pushed around," said Henderson.
+      GAF, a roofing and chemicals concern, attempted a takeover
+  of the much larger Union Carbide Corp two years ago. While GAF
+  did not win the company, it made a substantial gain on its
+  investment in Carbide.
+      Analysts said GAF already has a large profit built into its
+  Borg-Warner holdings. They said even if GAF raises its offer
+  and does not succeed, a higher bid from another company would
+  give GAF millions of dollars in profits on its stock.
+      "It's a win-win situation," said one analyst.
+      One analyst speculated an offer from GAF would be
+  forthcoming shortly.
+      "I think we are finally down to the final paragraph in this
+  book," he said.
+      Borg-Warner's other businesses include automotive parts,
+  protective services, which includes Wells Fargo security
+  guards, and Chilton Corp, a credit rating service.
+      Charles Rose, an Oppenheimer and Co analyst who follows
+  GAF, said if GAF were to sell into the Merrill Lynch offer, it
+  would realize about 125 mln dlrs net profit, or about 3.50 per
+  share.
+      "I think there's a probability he goes up in price," said
+  Rose.
+      Rose said, however, he could not really predict what Heyman
+  would do. "Sam's a low-risk, high-return player."
+      "Is he trying to build a major industrial chemical
+  enterprise, or is he trying to be an investment bank," Rose
+  said.
+      Analysts said Borg-Warner's chemical business would add
+  earnings momentum to GAF. "I worked out that paying as much as
+  50 dlrs per share would still be additive to GAF in time, if
+  they sold off most of the non-chemical facilities," said John
+  Henry of E.F. Hutton.
+      Borg-Warner's chemical and plastics business provided 1986
+  operating profits of 153.3 mln dlrs on revenues of 1.04 billion
+  dlrs. Total operating profits were 349.7 mln dlrs, and net
+  earnings were 206.3 mln dlrs for 1986.
+      "The Borg chemical business is great," said Rose, adding
+  its only U.S. competitors are Monsanto Co <MCT> and Dow
+  Chemical Co <DOW>.
+  
+
diff --git a/reuters/test/16518 b/reuters/test/16518
new file mode 100644
index 0000000000000000000000000000000000000000..23bd10b9534bd12a3c1fd648c0ef723b14c91653
--- /dev/null
+++ b/reuters/test/16518
@@ -0,0 +1,6 @@
+PUEBLO INTERNATIONAL INC <PII> SETS PAYOUT
+  Qtly div five cts vs five cts prior
+      Pay June Two
+      Record April 27
+  
+
diff --git a/reuters/test/16519 b/reuters/test/16519
new file mode 100644
index 0000000000000000000000000000000000000000..82fd716bf88cc77f8e1c3bfe517ccb231cc56f4b
--- /dev/null
+++ b/reuters/test/16519
@@ -0,0 +1,10 @@
+SWIFT <SFTPF> TO SELL SOUTH DAKOTA PORK PLANT
+  Swift Independent Packing Co said it
+  agreed in principle to sell its Huron, South Dakota pork plant
+  to Huron Dressed Beef, for undisclosed terms.
+      Completion of the proposed transaction is subject to
+  Huron's ability to hire an experienced work force at
+  competitive rates, and receive government approval of the
+  purchase and operation of the plant, Swift said.
+  
+
diff --git a/reuters/test/16521 b/reuters/test/16521
new file mode 100644
index 0000000000000000000000000000000000000000..c83e1afe6607f45b9f23e3e00dc1e54fe67fcdf2
--- /dev/null
+++ b/reuters/test/16521
@@ -0,0 +1,12 @@
+<GEN TERM CORP> ACQUIRES PRIVATE FIRM
+  Gen Term Corp said it entered
+  into escrow for the 5.2 mln dlr purchase of Lewis-Westco and
+  Co, a privately-held bottler and distributor of wines and
+  distilled spirits.
+      Lewis-Westco had sales of more than 45 mln dlrs for its
+  fiscal year ended June 30, Gen Term also said.
+      Separately, Gen Term, which trades over-the-counter, said
+  it plans to apply for NASDAQ listing after it completes the
+  acquisition.
+  
+
diff --git a/reuters/test/16522 b/reuters/test/16522
new file mode 100644
index 0000000000000000000000000000000000000000..b3893586345a898fa03adab42241e77ee729206f
--- /dev/null
+++ b/reuters/test/16522
@@ -0,0 +1,6 @@
+<C AND R CLOTHIERS INC> JAN 31 YEAR NET
+  Shr 1.46 dlrs vs 66 cts
+      Net 1,514,312 vs 714,670
+      Sales 62.1 mln vs 57.2 mln
+  
+
diff --git a/reuters/test/16523 b/reuters/test/16523
new file mode 100644
index 0000000000000000000000000000000000000000..70ca119c7136f3a7e0650987e3513e88dcb54111
--- /dev/null
+++ b/reuters/test/16523
@@ -0,0 +1,10 @@
+CCX NETWORK <CCXN> TO MAKE ACQUISITION
+  CCX Network Inc said it has
+  entered into a letter of intent to acquire privately-held
+  <Modern Mailers Inc> and its affiliate <AnWalt Inc> for about
+  3,200,000 dlrs in common stock.
+      The company said Modern Mailers had revenues of 8,600,000
+  dlrs for the year ended October 31 and provides computer
+  service, computer printing and lettershop facilities.
+  
+
diff --git a/reuters/test/16525 b/reuters/test/16525
new file mode 100644
index 0000000000000000000000000000000000000000..0445efe1af22ed9356b09fb9674afb128cb1271a
--- /dev/null
+++ b/reuters/test/16525
@@ -0,0 +1,16 @@
+U.S. CORN EXPORTS SEEN WELL AHEAD OF LAST YEAR
+  Grain traders and analysts expect
+  today's weekly U.S. corn export inspection figure to be well
+  above last year, with wheat slightly better and soybeans about
+  the same.
+      Corn export inspection guesses ranged from 40.0 to 44.0 mln
+  bushels for the week ended April 9, compared up 46.6 mln
+  inspected a week earlier and 15.2 mln in the year-ago week.
+      Soybean export estimates ranged from 12.0 to 15.0 mln
+  bushels versus 10.8 mln exported last week and 13.2 mln last
+  year.
+      Export guesses for all wheat ranged from 16.0 to 20.0 mln
+  bushels, compared with 16.4 mln last week and 11.2 mln last
+  year.
+  
+
diff --git a/reuters/test/16527 b/reuters/test/16527
new file mode 100644
index 0000000000000000000000000000000000000000..5d7a345aa1e2b350442105f895b8dbce1bc4e1f4
--- /dev/null
+++ b/reuters/test/16527
@@ -0,0 +1,14 @@
+PERSONAL COMPUTER PRODUCTS <PCPI.O> EXPECTS LOSS
+  Personal Computer Products
+  Inc said it expects to report a loss of about 195,000 dlrs in
+  its third quarter ended March 31, compared to a year ago loss
+  in the quarter of 169,000 dlrs.
+      It said revenues in the quarter are expected to be about
+  1,200,000 dlrs, compared to 564,000 dlrs a year earlier.
+      For the nine months ended March 31, Personal Computer
+  expects a net loss of about 325,000 dlrs, compared to a loss of
+  584,000 dlrs the previous year. Revenues in the nine months are
+  expected to be about 3,880,000 dlrs, compared to 1,828,000 a
+  year ago. The company said it will report its earnings soon.
+  
+
diff --git a/reuters/test/16530 b/reuters/test/16530
new file mode 100644
index 0000000000000000000000000000000000000000..baf043781af8007fceabfa7850b127766d946324
--- /dev/null
+++ b/reuters/test/16530
@@ -0,0 +1,5 @@
+GREAT NORTHERN NEKOOSA FIRST QTR SHR 1.59 DLRS VS 54 CTS
+
+  GREAT NORTHERN NEKOOSA FIRST QTR SHR 1.59 DLRS VS 54 CTS
+  
+
diff --git a/reuters/test/16531 b/reuters/test/16531
new file mode 100644
index 0000000000000000000000000000000000000000..194f8c8f0cdf210af9e45392180de8663a2efa27
--- /dev/null
+++ b/reuters/test/16531
@@ -0,0 +1,10 @@
+GANDER <GNDR.O> BUYS WESTERN WEAR RETAILER
+  Gander Mountain Inc said it
+  acquired the privately held Western Ranchman Outfitters, a
+  catalog and point-of-purchase retailer of western apparel based
+  in Cheyenne, Wyo.
+      It said Western Ranchman had sales for the year ended Jan
+  31, 1987 of about 2.2 mln dlrs.
+      The purchase was made for an undisclosed amount of cast.
+  
+
diff --git a/reuters/test/16533 b/reuters/test/16533
new file mode 100644
index 0000000000000000000000000000000000000000..e4c5112d20228b402b213cd2c354e06b7c4ea648
--- /dev/null
+++ b/reuters/test/16533
@@ -0,0 +1,12 @@
+GREAT NORTHERN NEKOOSA <GNN> 1ST QTR NET
+  Shr 1.59 dlrs vs 54 cts
+      Net 43.3 mln vs 13.9 mln
+      Revs 566.7 mln vs 487.8 mln
+      Avg shrs 27.2 mln vs 25.9 mln
+      NOTE: 1986 figures restated for adoption of financial
+  accounting standards board statement 87 "employer's accounting
+  for pensions." 
+      Net 1986 and 1987 includes 900,000 dlrs of investment tax
+  credits in 1987, and 3.1 mln dlrs in 1986.
+  
+
diff --git a/reuters/test/16538 b/reuters/test/16538
new file mode 100644
index 0000000000000000000000000000000000000000..dc7bb5a442597e54164760b9cb6eb956e585ad69
--- /dev/null
+++ b/reuters/test/16538
@@ -0,0 +1,7 @@
+AMERICAN HEALTH PROPERTIES INC <AHE> 1ST QTR
+  Shr 18 cts
+      Net 1,948,000
+      Revs 3,397,000
+      Note: Company began operating on February 20, 1987.
+  
+
diff --git a/reuters/test/16539 b/reuters/test/16539
new file mode 100644
index 0000000000000000000000000000000000000000..61a5f6e44b2d38e55eeb9061e36b2f0dca3ebaf8
--- /dev/null
+++ b/reuters/test/16539
@@ -0,0 +1,5 @@
+WELLS FARGO AND CO 1ST QTR SHR 1.36 DLRS VS 1.13 DLRS
+
+  WELLS FARGO AND CO 1ST QTR SHR 1.36 DLRS VS 1.13 DLRS
+  
+
diff --git a/reuters/test/16545 b/reuters/test/16545
new file mode 100644
index 0000000000000000000000000000000000000000..5bf9985de6d18dd6132a2e4246c3959fadc42e29
--- /dev/null
+++ b/reuters/test/16545
@@ -0,0 +1,9 @@
+WELLS FARGO AND CO <WFC> 1ST QTR NET
+  Shr 1.36 dlrs vs 1.13 dlrs
+      Net 78.3 mln vs 51.6 mln
+      Avg shrs 53,698,000 vs 43,449,000
+      Loans 35.89 billion vs 24.66 billion
+      Deposits 31.71 billion vs 19.64 billion
+      Assets 43.98 billion vs 28.60 billion
+  
+
diff --git a/reuters/test/16546 b/reuters/test/16546
new file mode 100644
index 0000000000000000000000000000000000000000..ea3f5abebe469f68ae59ac113d83967f278bf3b0
--- /dev/null
+++ b/reuters/test/16546
@@ -0,0 +1,12 @@
+COMERICA INC <CMCA.O> 1ST QTR NET
+  Shr 1.78 dlrs vs 1.12 dlrs
+      Shr diluted 1.72 dlrs vs 1.08 dlrs
+      Net 20,029,000 vs 13,059,000
+      Avg shrs 10,598,481 vs 10,430,649
+      Loans 843.4 mln vs 727.5 mln
+      Deposits 8.30 billion vs 7.82 billion
+      Assets 9.89 billion vs 9.27 billion
+      NOTE: Per-share results reflect payment of preferred
+  dividends
+  
+
diff --git a/reuters/test/16549 b/reuters/test/16549
new file mode 100644
index 0000000000000000000000000000000000000000..7f0ce2c448739a258297f360da1b6b2086f78d6f
--- /dev/null
+++ b/reuters/test/16549
@@ -0,0 +1,6 @@
+CHAMPION PRODUCTS <CH> SETS PAY DATE FOR SPLIT
+  Champion Products Inc said the
+  two-for-one stock split it declared February 26 will be payable
+  April 24 to shareholders of record April One.
+  
+
diff --git a/reuters/test/16551 b/reuters/test/16551
new file mode 100644
index 0000000000000000000000000000000000000000..bb8fe8566df23ccaece85fbdd6be336404c56f8b
--- /dev/null
+++ b/reuters/test/16551
@@ -0,0 +1,13 @@
+SPEARHEAD INDUSTRIES INC <SPRH.O> 3RD QTR NET
+  Periods ended Feb 28
+      Shr 22 cts vs 30 cts
+      Net 549,000 vs 747,000
+      Sales 8.4 mln vs nine mln
+      Avg shrs 2,550,784 vs 2,468,964
+      Nine mths
+      Shr 69 cts vs 63 cts
+      Net 1,749,000 vs 1,554,000
+      Sales 23.6 mln vs 21.3 mln
+      Avg shrs 2,543,711 vs 2,453,520
+  
+
diff --git a/reuters/test/16554 b/reuters/test/16554
new file mode 100644
index 0000000000000000000000000000000000000000..9a102def99e4f7832958376341d10e097954b97e
--- /dev/null
+++ b/reuters/test/16554
@@ -0,0 +1,6 @@
+KDI CORP <KDI> 1ST QTR MARCH 31
+  Shr 18 cts vs six cts
+      Net 1.7 mln vs 610,000
+      Revs 68.7 mln vs 63.5 mln
+  
+
diff --git a/reuters/test/16555 b/reuters/test/16555
new file mode 100644
index 0000000000000000000000000000000000000000..37df8b7456b4d0b6ef995643a300c1cd654906bc
--- /dev/null
+++ b/reuters/test/16555
@@ -0,0 +1,19 @@
+RJ NABISCO'S <RJR> UNIT SELLS CIGAR BUSINESS
+  RJR Nabisco Inc's RJ
+  Reynolds Tobacco USA unit said it reached a definitive
+  agreement to sell Winchester Little Cigar Business to Tobacco
+  Exporters International USA Ltd of Atlanta, the U.S. subsidiary
+  of Rothman's International PLC.
+      Terms were not disclosed. 
+      Last week, RJ Reynolds announced the sale of four smoking
+  tobacco brands. These brands and Winchester represent less than
+  one pct of Rj Reynolds Tobacco USA's total sales, which were
+  4.7 billion dlrs in 1986.
+      Reynolds said the sale is expected to be completed on April
+  24.
+      The company said it planned to concentrate its resources on
+  the manufacture and sale of cigarettes.
+      Reynolds said that Winchester, introduced in 1971, was a
+  dominant brand in the little cigar market.
+  
+
diff --git a/reuters/test/16561 b/reuters/test/16561
new file mode 100644
index 0000000000000000000000000000000000000000..b41f25fa92d5258a5c3ca49130b06810012cda54
--- /dev/null
+++ b/reuters/test/16561
@@ -0,0 +1,11 @@
+SOFTWARE SERVICES OF AMERICA INC <SSOA.O> NET
+  3rd qtr Feb 28
+      Shr profit 14 cts vs loss four cts
+      Net profit 311,994 vs loss 66,858
+      Revs 2,229,273 vs 645,753
+      Nine mths
+      Shr profit 51 cts vs profit two cts
+      Net profit 1,126,673 vs profit 42,718
+      Revs 7,277,340 vs 1,378,372
+  
+
diff --git a/reuters/test/16563 b/reuters/test/16563
new file mode 100644
index 0000000000000000000000000000000000000000..ec2dc907c133275b82f5004321d8babf0666ac0d
--- /dev/null
+++ b/reuters/test/16563
@@ -0,0 +1,11 @@
+GANDER MOUNTAIN <GNDR.O> BUYS WESTERN WEAR FIRM
+  Gander Mountain Inc said it
+  acquired privately held Western Ranchman Outfitters, a
+  Cheyenne, Wyo., retailer and catalog seller of western apparel.
+      Terms were not disclosed.
+      Western Ranchman had sales of about 2.2 mln dlrs for the
+  year ended Jan 31, 1987, the company said.
+      Gander Mountain sells brand name hunting, fishing and
+  outdoor gear through catalogs.
+  
+
diff --git a/reuters/test/16564 b/reuters/test/16564
new file mode 100644
index 0000000000000000000000000000000000000000..f16c26d888c7a61a3cf4aeb8c460c54c09566348
--- /dev/null
+++ b/reuters/test/16564
@@ -0,0 +1,44 @@
+EC MEAT DIRECTIVE DEADLINE SEEN FLEXIBLE
+  U.S. officials said they held out
+  little hope the European Community, EC, would withdraw a
+  controversial meat inspection requirement, due to go into
+  effect April 30 and which U.S. meat producers claim will cut
+  off their exports.
+      But the officials said they expect the EC to allow U.S.
+  plants to continue shipping meat through the end of the year
+  provided they submit a plant improvement program with the U.S.
+  Agriculture Department.
+      The EC's so-called Third Country Meat Directive will
+  require foreign meat processing plants to comply fully with EC
+  inspection standards beginning April 30.
+      The U.S. meat industry has prepared a petition requesting
+  the Reagan administration to retaliate against the EC rule.
+      At issue are U.S. meat exports to the EC valued at 132 mln
+  dlrs in 1985.
+      The EC rule would require all U.S. plants to make changes
+  in their inspection methods, ranging from veterinary staffing
+  to use of wood.
+      Last December, the EC determined that only one U.S. cattle,
+  one hog and one sheep slaughtering facility could be approved
+  without further review. USDA would have to certify that the
+  plants had corrected the deficiencies.
+      All remaining plants with a history or potential of
+  shipping to the EC -- totaling nearly 400 -- would require more
+  significant changes in plant constructions or procedures before
+  further EC review.
+      Robert Hibbert, general counsel for the American Meat
+  Institute, said the meat industry expected to submit a formal
+  trade retaliation petition by April 30.
+      An interagency committee is reviewing the industry's draft
+  petition.
+      An official at the U.S. Trade Representative's Office said
+  U.S. officials continued to press the EC to withdraw the rule,
+  but that "the chances of that are not too good at this time."
+      However, there is the "expectation" in U.S. government and
+  meat industry circles that the EC will continue to allow
+  shipments, at least through the end of the calendar year, from
+  U.S. plants that submit to USDA a plan on how they will bring
+  their operations into conformity with the EC regulation, the
+  USTR official said.
+  
+
diff --git a/reuters/test/16565 b/reuters/test/16565
new file mode 100644
index 0000000000000000000000000000000000000000..8cb499fc6bfcca57214461ce844233602c0c790d
--- /dev/null
+++ b/reuters/test/16565
@@ -0,0 +1,79 @@
+U.S. BANKS LIKELY TO LIFT PRIME RATES AGAIN SOON
+  Major U.S. banks may lift prime
+  lending rates again within days due to recent increases in
+  their borrowing costs and speculation the Federal Reserve is
+  nudging up interest rates to help the dollar, economists said.
+      In what was the first prime rate boost since mid-1984, most
+  banks in early April lifted their rates a quarter point to
+  7-3/4 pct, citing a reduced gap between the prime and their own
+  cost of money. That spread has narrowed again.
+      "A prime rate increase could happen as soon as tonight,"
+  said Robert Brusca of Nikko Securities Co International Inc.
+      Brusca said a quarter-point prime rate rise to eight pct is
+  justified because the spread between banks' cost of funds and
+  the prime rate has narrowed to less than three quarters of a
+  percentage point.
+      He said that spread had averaged around 1.4 percentage
+  points since last October until it fell below one point and
+  triggered the April prime rate rise at most banks.
+      "We could easily have another prime rate increase as soon
+  as this week," said David Jones of Aubrey G. Lanston and Co.
+      "We've got a fairly good chance of a prime rate rise in the
+  near future," said Allan Leslie of Discount Corp.
+      "Based on the spread between the prime rate and funding
+  costs, you would ordinarily see a prime rate increase now,"
+  said Harold Nathan, economist at Wells Fargo Bank.
+      However, he said banks may be reluctant to lift the prime
+  because that would dampen already fairly weak business loan
+  demand and because some are not sure the Fed will maintain
+  recent upward pressure on money market interest rates.
+      Nathan believes the Fed has let market pressures lift
+  short-term rates in recent days to help the ailing dollar. He
+  said "if there is widespread belief money market rates will
+  stay high, a prime rate rise could occur at any time."
+      Fed officials have long expressed concern that too steep a
+  dollar drop could help rekindle U.S. inflation. As the dollar
+  fell to a 40-year low against the yen Friday, currency traders
+  said the Fed and other central banks supported the dollar.
+      In addition to buying dollars outright, another way to
+  stabilize the U.S. currency would be for the Fed to push U.S.
+  interest rates higher relative to overseas rates.
+      Based particularly on the Fed's reserve management actions
+  on Friday and today, Nathan of Wells Fargo said "it has become
+  clear that the Fed is not fully resisting upward rate pressure
+  in the market. It is supplying fewer reserves than are needed."
+      Bank funding costs and other short and long-term interest
+  rates rose sharply Friday and today on heightened speculation
+  that the Fed is gently firming monetary policy.
+      That was because the Fed supplied far fewer reserves in the
+  market than most economists had expected.
+      On Friday, the Fed added reserves indirectly and in small
+  amounts via one billion dlrs of customer repurchase agreements
+  with the Federal funds rate at which banks lend to one another
+  high at 6-5/16 pct. With funds trading even higher at 6-1/2 pct
+  today, the Fed arranged only a slightly larger 1.5 billion dlr
+  round of customer repurchase agreements.
+      "The Fed's actions on Friday and today show that it is
+  offering only token resistance to upward funds rate pressures,"
+  said Jones of Lanston.
+      "The Fed is focusing its policy attention mainly on the
+  need to defend the dollar," Jones said. He believes it is
+  merely shading policy toward restraint now, "but to have a
+  major impact on the dollar, the Fed will have to tighten policy
+  overtly at some point."
+      Jones expects the Fed to foster higher market rates by
+  becoming more restrictive in supplying reserves and, within
+  four to six weeks, to raise its discount rate from 5-1/2 pct.
+      Jones said a U.S. discount rate increase to six pct might
+  well be accompanied by West German and Japanese rate cuts to
+  further aid the dollar.
+      Given likely Fed policy firming, he said both the yield on
+  30-year Treasury bonds (about 8.30 pct now) and the prime rate
+  may be at 8-1/2 pct at end-June and nine pct by year's end.
+      "The jury is still out on whether the Fed is tightening
+  policy to defend the dollar," said Leslie of Discount Corp. He
+  said tax-date pressures have been pushing up Fed funds lately.
+  Leslie said Fed actions and reserve data once these pressures
+  abate will show whether or not it is firming policy.  
+  
+
diff --git a/reuters/test/16568 b/reuters/test/16568
new file mode 100644
index 0000000000000000000000000000000000000000..b1a9658aa4a047287826b5c0dd9b9a866118fd4b
--- /dev/null
+++ b/reuters/test/16568
@@ -0,0 +1,11 @@
+HEALTH AND REHABILITATION <HRP> SETS FIRST DIVI
+  Health and Rehabilitation
+  Properties Trust said it declared its initial dividend of 55
+  cts per share for the quarter ending March 31, 1987.
+      The dividend is payable May 20 to shareholders of record
+  April 20, 1987, it said.
+      The dividend includes five cts attributable to the period
+  between Dec 23 and 31, 1986, and 50 cts attributable to the
+  first quarter of 1987, ending March 31, 1987.
+  
+
diff --git a/reuters/test/16569 b/reuters/test/16569
new file mode 100644
index 0000000000000000000000000000000000000000..505379a0ab675703c83bc690075b46ce961ee34b
--- /dev/null
+++ b/reuters/test/16569
@@ -0,0 +1,14 @@
+UTAH POWER AND LIGHT CO <UTP> 1ST QTR NET
+  Shr 46 cts vs 58 cts
+      Net 29.0 mln vs 37.9 mln
+      Revs 251.2 mln vs 254.2 mln
+      Avg shrs 57.9 mln vs 56.0 mln
+      12 mths
+      Shr 1.36 dlrs vs 2.37 dlrs
+      Net 93.7 mln vs 152.3 mln
+      Revs 981.9 mln vs 1.03 billion
+      Avg shrs 57.2 mln vs 55.3 mln
+      NOTE: 1987 12 mth net includes 43.7 mln dlr charge due to
+  December 1986 provision for coal mining operations refund.
+  
+
diff --git a/reuters/test/16570 b/reuters/test/16570
new file mode 100644
index 0000000000000000000000000000000000000000..27c6fdb6601492ed2211a5bbae2b95e7fd366725
--- /dev/null
+++ b/reuters/test/16570
@@ -0,0 +1,13 @@
+ERICSSON <ERICY.O> TO BUY REST OF SPANISH UNIT
+  L.M. Ericsson of Sweden said it agreed
+  in principle to buy the 49 pct of Intelsa, its Spanish unit,
+  that it does not already own from <Telefonica>, Spain's
+  telecommunications administration.
+      Terms of the agreement were not disclosed.
+      Ericsson said Intelsa, which controls about 40 pct of the
+  Spanish telephone switch market, has 2,400 employees and annual
+  sales of 800 mln crowns, or 117 mln dlrs.
+      "The purchase will not affect the close working
+  relationship between Telefonica and Intelsa," Ericsson said.
+  
+
diff --git a/reuters/test/16574 b/reuters/test/16574
new file mode 100644
index 0000000000000000000000000000000000000000..f0ed13520bf617505f5b576ea85be77fadc51b9d
--- /dev/null
+++ b/reuters/test/16574
@@ -0,0 +1,12 @@
+COMPUTRAC <LLB> SEES LOWER FIRST QUARTER NET
+  CompuTrac Inc said it expects first
+  quarter earnings to be down 50 to 60 pct from a year ago.
+      In last year's first quarter ended April 30, CompuTrac
+  earned 379,000 dlrs on revenues of 2.4 mln dlrs.
+      The company said sales commitments on hand are about 50 pct
+  above those of a year ago, but system sales revenues are
+  recognized at shipment, and only 30 to 40 pct of sales
+  commitments in hand will ship during the period.
+      It said its outlook for the year remains unchanged.
+  
+
diff --git a/reuters/test/16577 b/reuters/test/16577
new file mode 100644
index 0000000000000000000000000000000000000000..7098902dae26dde8ee883596485e95a50bf5518a
--- /dev/null
+++ b/reuters/test/16577
@@ -0,0 +1,33 @@
+NOVA <NVA.A.TO> NOT PLANNING DOME <DMP> BID
+  Nova, an Alberta Corp, chief executive
+  Robert Blair expressed hope that Dome Petroleum Ltd <DMP>
+  remains under Canadian ownership, but added that his company
+  plans no bid of its own for debt-troubled Dome.
+      "We've no plan to bid," Blair told reporters after a speech
+  to a business group, although he stressed that Nova and 57
+  pct-owned Husky Oil Ltd <HYO> were interested in Dome's
+  extensive Western Canadian energy holdings.
+      "But being interested can sometimes be different from
+  making a bid," Blair said.
+      TransCanada PipeLines Ltd <TRP> yesterday bid 4.30 billion
+  dlrs for Dome, but Dome said it was discontinuing talks with
+  TransCanada and was considering a proposal from another company
+  and was also talking with another possible buyer, both rumored
+  to be offshore.
+      Asked by reporters if Dome should remain in Canadian hands,
+  Blair replied, "Yes. I think that we still need to be building
+  as much Canadian position in this industry as we can and I
+  think it would be best if Dome ends up in the hands of Canadian
+  management."
+      He said he did not know who other possible bidders were.
+      Blair said that any move to put Dome's financial house in
+  order "will remove one of the general problems of attitude that
+  have hung over Western Canadian industry."
+      He added, however, that the energy industry still faced "a
+  couple of tough, tough additional years."
+      Asked about Nova's 1987 prospects, Blair predicted that
+  Nova's net profit would rise this year to more than 150 mln
+  dlrs from last year's net profit of 100.2 mln dlrs due to
+  improved product prices and continued cost-cutting.
+  
+
diff --git a/reuters/test/16581 b/reuters/test/16581
new file mode 100644
index 0000000000000000000000000000000000000000..b65cdb03b13fb2148e7032053ce6cf591eb8c193
--- /dev/null
+++ b/reuters/test/16581
@@ -0,0 +1,12 @@
+EXXON <XON> EXTENDS MID-GRADE UNLEADED MARKETING
+  Exxon Co U.S.A. said it is expanding
+  marketing of its mid-grade unleaded gasoline along the U.S.
+  East Coast.
+      The Exxon Corp subsidiary said the changeover to the
+  89-octane unleaded fuel will begin late this month and early
+  next in major markets in Virginia, Maryland, Florida, and the
+  District of Columbia. The product was introduced in New York,
+  New Jersey, Delaware, Connecticut, Rhode Island, Massachusetts,
+  New Hampshire and the Philadelphia area late last year.
+  
+
diff --git a/reuters/test/16583 b/reuters/test/16583
new file mode 100644
index 0000000000000000000000000000000000000000..aaeb57137d1224a0be2c3f3b13c11721e1893767
--- /dev/null
+++ b/reuters/test/16583
@@ -0,0 +1,9 @@
+<FIRST MONTAUK SECURITIES> IN MERGER DEAL
+  First Montauk Securities Corp
+  said it has reached a preliminary merger agreement with
+  MCC-Presidential Inc.
+      The company said MCC shareholders would have a 25 pct stake
+  in the combined company and would receive a cash distribution
+  of about 35 cts per share.
+  
+
diff --git a/reuters/test/16584 b/reuters/test/16584
new file mode 100644
index 0000000000000000000000000000000000000000..5c1d5cf2dc914e892ea947f7c9ca097541ae0483
--- /dev/null
+++ b/reuters/test/16584
@@ -0,0 +1,6 @@
+BARNETT BANKS OF FLORIDA INC <BBF> 1ST QTR NET
+  Shr 82 cts vs 72 cts
+      Net 44.6 mln vs 38.9 mln
+      Avg shrs 54.3 mln vs 52.8 mln
+  
+
diff --git a/reuters/test/16585 b/reuters/test/16585
new file mode 100644
index 0000000000000000000000000000000000000000..9dc2094e9db9dec607dab5c353d3625e87608032
--- /dev/null
+++ b/reuters/test/16585
@@ -0,0 +1,10 @@
+GOLDEN WEST FINANCIAL CORP <GDW> 1ST QTR NET
+  Shr 1.35 dlrs vs 1.53 dlrs
+      Net 42,137,000 vs 47,792,000
+      Loans 10.26 billion vs 9.97 billion
+      Deposits 7.65 billion vs 7.63 billion
+      Assets 11.84 billion vs 12.00 billion
+      Note: Current qtr figures include 3.3 mln dlr charge 
+  resulting from penalties for prepayment of FHLB borrowings.
+  
+
diff --git a/reuters/test/16587 b/reuters/test/16587
new file mode 100644
index 0000000000000000000000000000000000000000..24259c37314d73a20923fb06b4212680d4830da5
--- /dev/null
+++ b/reuters/test/16587
@@ -0,0 +1,9 @@
+HONEYWELL INC <HON> 1ST QTR OPER NET
+  Oper shr 96 cts vs 79 cts
+      Oper net 43.7 mln vs 36.4 mln
+      Sales 1.48 billion vs 1.15 billion
+      NOTE: 1987 sales includes operations of Sperry Aerospace.
+      1986 operating net excludes a charge from discontinued
+  operations of 10.2 mln dlrs or 22 cts a share.
+  
+
diff --git a/reuters/test/16588 b/reuters/test/16588
new file mode 100644
index 0000000000000000000000000000000000000000..98a83b4748d71a2eda7e9dc5575e8a5964d4da9b
--- /dev/null
+++ b/reuters/test/16588
@@ -0,0 +1,23 @@
+WALL STREET STOCKS/BROWNING FERRIS <BFI>
+  The Environmental Protection Agency's
+  five to 10 mln dlr suit against a Browning-Ferris Industries
+  Inc <BFI> unit, CECOS International Inc, caused the stock to
+  drop today, analysts said.
+      The stock has fallen 2-1/4 to 56-1/8 so far today, after
+  the news about the suit was released this morning.
+      "It's potentially a big suit and investors feel that its
+  not good to go against regulators," Kenneth Ch'u-K'ai Leung, a
+  Smith Barney analyst said.
+      "What investors are actually saying by selling off some BFI
+  shares is the cloud over this industry is the threat that the
+  EPA will get tough on waste management companies," Willard
+  Brown, senior analyst for First Albany Corp.
+      "Investors are saying to themselves that waste management
+  companies have that kind of exposure to regulatory suits,"
+  Brown said. Brown said if the suit were settled for 10 mln dlrs
+  it would have an impact on Browning Ferris earnings.
+      Leung said, however, that Browning-Ferris has adequate cash
+  reserves to cover the fine. "It would have no impact on
+  earnings whatsoever," he said.
+  
+
diff --git a/reuters/test/16589 b/reuters/test/16589
new file mode 100644
index 0000000000000000000000000000000000000000..d5dc7500eeef2bc26982d5e57edda47d0f3c5b5d
--- /dev/null
+++ b/reuters/test/16589
@@ -0,0 +1,35 @@
+HOMESTAKE <HM> MULLS BUYING ORE RESERVES
+  Homestake Mining Co is considering
+  acquiring more gold ore reserves in addition to the company's
+  exploration efforts, chief executive Harry Conger told Reuters
+  in an interview.
+      "We are looking at more options to acquire more reserves
+  rather than just exploration," Conger said adding, "the move to
+  consider acquisitions represents a change in the company's
+  acquisitions policy."
+      Conger said all of Homestake's current cash position of 120
+  mln dlrs would be available to acquire reserves. In addition,
+  Homestake has two lines of credit totaling 150 mln dlrs which
+  have not been drawn on today and could be used to finance an
+  acquisition, he said.
+      Conger said he anticipates 1987 exploration budget will be
+  about the same as 1986 spending of 27.3 mln dlrs. Conger said
+  exploration for precious metals may be slightly higher than
+  last year's spending of 17.7 mln dlrs while oil and gas
+  exploration spending will be slightly less than last year's 9.6
+  pct.
+      Conger said he sees Homestake's 1987 gold production about
+  the same as 1986 gold production of 669,594 ounces.
+      However, 1987 first quarter production from its McLaughlin
+  reserve will be about 10 pct lower than last year's 45,400
+  ounces due to start-up production problems.
+      He said he believes gold prices will hold above the 400
+  U.S. dlr an ounce level for the rest of 1987.
+       IN 1986, company earnings were based an average market
+  price for gold of 368 dlrs an ounce.
+      Conger said a three pct change in gold prices represents a
+  12 cts a share impact on earnings but he declined to give a
+  specific forecast for 1987's first quarter, due to be released
+  in 10 days, or for full year 1987 results.
+  
+
diff --git a/reuters/test/16590 b/reuters/test/16590
new file mode 100644
index 0000000000000000000000000000000000000000..a7d9a2e0cfa170ad7ebcaad0854b88471b08605a
--- /dev/null
+++ b/reuters/test/16590
@@ -0,0 +1,13 @@
+CHRONAR CORP <CRNR.O> YEAR LOSS
+  Shr loss 95 cts vs loss nine cts
+      Net loss 6,882,497 vs loss 513,153
+      Revs 11.3 mln vs 10.0 mln
+      Avg shrs 7,251,000 vs 6,017,000
+      NOTE: 1986 net includes 1,600,000 dlrs in increased
+  provisions for uncollectible receivables from affiliates, lower
+  recoverable value of inventories and writeoffs of capitalized
+  costs on discontinued projects, 1,700,000 dlr provision for
+  resolution of shareholder class action suit and gain 1,300,000
+  dlrs from repurchase of manufacturing equipment.
+  
+
diff --git a/reuters/test/16591 b/reuters/test/16591
new file mode 100644
index 0000000000000000000000000000000000000000..865b63bd77b6f5ee0b2e2c329dec239f9d35d650
--- /dev/null
+++ b/reuters/test/16591
@@ -0,0 +1,12 @@
+EMPIRE <EMPA.TO> TO BUY SOBEYS <SYSA.TO> STOCK
+  Empire Co Ltd said it will acquire all
+  shares of Sobeys Stores Ltd it does not already own under an
+  arrangement approved by directors of both companies.
+      Holders of Sobeys class A non-voting shares and class B
+  common shares may elect to receive either 1.6 non-voting class
+  A Empire shares or one non-voting class A Empire share and
+  one-half of an eight pct redeemable retractable preferred
+  share. The preferred share has a par value of 25 dlrs and is
+  retractable at the holder's option on May 1, 1994.
+  
+
diff --git a/reuters/test/16592 b/reuters/test/16592
new file mode 100644
index 0000000000000000000000000000000000000000..85ac9a77d867c4886fcc3b86bdf874150c23299d
--- /dev/null
+++ b/reuters/test/16592
@@ -0,0 +1,8 @@
+INTERNATIONAL RESEARCH <IRDV> 1ST QTR NET
+  Shr six cts vs three cts
+      Net 152,360 vs 94,141
+      Revs 4,073,911 vs 4,116,333
+      NOTE: International Research and Development Corp is full
+  name of company.
+  
+
diff --git a/reuters/test/16593 b/reuters/test/16593
new file mode 100644
index 0000000000000000000000000000000000000000..47e87e3a3a09586003b6dd3dcdd076136ed6390b
--- /dev/null
+++ b/reuters/test/16593
@@ -0,0 +1,11 @@
+BROOKLYN UNION'S <BU> UNIT TO EXPAND DRILLING
+  Brooklyn Union Gas Co's Brooklyn
+  Union Exploration Co Inc unit said it entered a 200 mln dlr
+  three-year gas and oil exploration and development venture with
+  Smith Offshore Exploration Co.
+      The agreement calls for drilling of 10 to 12 offshore wells
+  per year, primarily in the Gulf of Mexico area off the Texas
+  and Louisiana coasts and 30 to 40 onshore Texas and Louisiana
+  Gulf Coast wells.
+  
+
diff --git a/reuters/test/16597 b/reuters/test/16597
new file mode 100644
index 0000000000000000000000000000000000000000..d244fd41107e88f68041b38495fa0e3bef221689
--- /dev/null
+++ b/reuters/test/16597
@@ -0,0 +1,14 @@
+(CORRECTED) - GOODYEAR <GT> TO SELL CELERON
+  Goodyear Tire and Rubber Co said it
+  expects to sell its Celeron Corp oil and gas subsidiary for
+  about two billion dlrs in about two months.
+      After the company's annual meeting, Rober Mercer,
+  Goodyear's chairman and chief executive officer, also said 
+  Goodyear expects to report a profit of more than one dlr a
+  share from continuing operations in the first quarter. In the
+  same year-ago period, Goodyear reported a loss of 59 cents a
+  share from continuing operations.
+      Mercer said about seven companies are interested in buying
+  Celeron and they may form a consortium to buy the unit.
+  
+
diff --git a/reuters/test/16598 b/reuters/test/16598
new file mode 100644
index 0000000000000000000000000000000000000000..216a08fbd6624ac8c2214ab6e85abb833eba491d
--- /dev/null
+++ b/reuters/test/16598
@@ -0,0 +1,8 @@
+INT'L RESEARCH/DEVELOPMENT <IRDV.O> 1ST QTR NET
+  Shr six cts vs three cts
+      Net 152,360 vs 94,141
+      Revs 4,073,911 vs 4,116,333
+      Note: Full name is International Research and Development
+  Corp.
+  
+
diff --git a/reuters/test/16599 b/reuters/test/16599
new file mode 100644
index 0000000000000000000000000000000000000000..d6f972d0cf2f40aa04051b4782fbb9e1fc237561
--- /dev/null
+++ b/reuters/test/16599
@@ -0,0 +1,5 @@
+BANK OF NEW ENGLAND CORP 1ST QTR SHR 1.04 DLRS VS 83 CTS
+
+  BANK OF NEW ENGLAND CORP 1ST QTR SHR 1.04 DLRS VS 83 CTS
+  
+
diff --git a/reuters/test/16600 b/reuters/test/16600
new file mode 100644
index 0000000000000000000000000000000000000000..29bbe8132bd789c8e6d8540862e9bb29b6257f0d
--- /dev/null
+++ b/reuters/test/16600
@@ -0,0 +1,32 @@
+HONEYWELL <HON> CITES COST CUTTING FOR GAIN
+  Honeywell Inc said a gain of
+  20.1 pct in its 1987 first quarter operating earnings was the
+  result of cost cutting efforts which began last year.
+      Honeywell reported 1987 first quarter operating earnings
+  rose to 43.7 mln dlrs or 96 cts a share from 36.4 mln dlrs or
+  79 cts in the same period a year ago.
+      Better operating results in each of the company's three 
+  sectors offset higher interest costs in the first quarter due
+  to financing the December acquisition of Sperry Aerospace and
+  the sharing of the Federal Systems subsidiary pre-tax profit
+  with Honeywell Bull Inc, Honeywell said.
+      "Our first quarter results show clear benefits of our
+  restructuring," chairman Edson Spencer said. "All of our
+  businesses are producing better results than last year, even
+  though we do not see significant improvement in the external
+  market environment," he said.
+      Total orders in the first quarter were up substantially,
+  with a sharp increase in aerospace and defense orders in
+  addition to those of the new Sperry Aerospace group, it said.
+      Domestic industrial automation and control orders were
+  modestly higher than the same period in 1986, it said.
+      Orders in Honeywell's home and building automation and
+  control business were flat in the U.S. and up in international
+  markets, it said.
+      International orders increased, with the greatest strength
+  in Europe, Honeywell said.
+      The company said that by year-end 1987, it intends to
+  complete the repurchase of 3.3 mln shares remaining of a five
+  mln share buyback program which began in 1986.
+  
+
diff --git a/reuters/test/16601 b/reuters/test/16601
new file mode 100644
index 0000000000000000000000000000000000000000..798cad7e5de0f3683811183502ac3399a4244f4e
--- /dev/null
+++ b/reuters/test/16601
@@ -0,0 +1,14 @@
+CCC CREDIT GUARANTEES FOR RICE TO ALGERIA - USDA
+  The Commodity Credit Corporation,
+  CCC, has authorized 3.0 mln dlrs in credit guarantees for sales
+  of U.S. rice to Algeria for fiscal year 1987 under the Export
+  Credit Guarantee Program, GSM-102, the U.S. Agriculture
+  Department said.
+      The additional guarantees increase the cumulative fiscal
+  year 1987 program for sales of U.S. agricultural products to
+  Algeria to 469.0 mln dlrs.
+      To be eligible for the credit guarantee coverage, all sales
+  under the new line must be registered and exported by September
+  30, 1987, the department aid.
+  
+
diff --git a/reuters/test/16602 b/reuters/test/16602
new file mode 100644
index 0000000000000000000000000000000000000000..4c23d1a85189f530620c6f90c251c42e9d977798
--- /dev/null
+++ b/reuters/test/16602
@@ -0,0 +1,17 @@
+MGM/UA COMMUNICATIONS <MGM> 2ND QTR FEB 28 LOSS
+  Shr loss 34 cts
+      Net loss 17.1 mln vs profit 10.1 mln
+      Revs 106.2 mln vs 101.2 mln
+      Six mths
+      Shr loss 28 cts
+      Net loss 14.4 mln vs profit 11.6 mln
+      Revs 237.2 mln vs 179.5 mln
+      Note: Company said year ago per share not given as not
+  comparable due to certain allocations of expenses from the
+  Turner Entertainment Group, not made in subsequent periods.
+  1987 results reflect the TBS merger agreement and operations of
+  the company as independent agent. 1986 data includes
+  extraordinary tax loss carryforward gains of 1,185,000 dlrs in
+  qtr and six mths.
+  
+
diff --git a/reuters/test/16604 b/reuters/test/16604
new file mode 100644
index 0000000000000000000000000000000000000000..90f0c3e9b55e4f705f79780f2c403bbe119cecf5
--- /dev/null
+++ b/reuters/test/16604
@@ -0,0 +1,27 @@
+HOMESTAKE MULLS BUYING ORE RESERVES
+  Homestake Mining Co is considering
+  acquiring more gold ore reserves in addition to the company's
+  exploration efforts, chief executive Harry Conger told Reuters
+  in an interview.
+      Conger said, "the move to consider acquisitions represents
+  a change in the company's acquistions policy."
+      Conger said all of Homestake's current cash position of 120
+  mln dlrs would be available to acquire reserves. In addition,
+  Homestake has two lines of credit totaling 150 mln dlrs which
+  have not been drawn on and could be used to finance an
+  acquisition, he said.
+      Conger said he anticipates 1987 exploration budget will be
+  about the same as 1986 spending of 27.3 mln dlrs.
+      Conger said exploration for precious metals may be slightly
+  higher than last year's spending of 17.7 mln dlrs while oil and
+  gas exploration spending will be slightly less than last year's
+  9.6 pct.
+      Conger said he sees Homestake's 1987 gold production about
+  the same as 1986 gold production of 669,594 ounces.
+      However, 1987 first quarter production from its McLaughlin
+  reserve will be about 10 pct lower than last year's 45,400
+  ounces due to start-up production problems.
+      He said he believes gold prices will hold above the 400
+  U.S. dlr an ounce level for the rest of 1987.
+  
+
diff --git a/reuters/test/16606 b/reuters/test/16606
new file mode 100644
index 0000000000000000000000000000000000000000..4c8f180c86896181df3e34c70b630e2c68e52a0e
--- /dev/null
+++ b/reuters/test/16606
@@ -0,0 +1,5 @@
+INTERFIRST CORP 1ST QTR LOSS 28 CTS VS PROFIT THREE CTS
+
+  INTERFIRST CORP 1ST QTR LOSS 28 CTS VS PROFIT THREE CTS
+  
+
diff --git a/reuters/test/16607 b/reuters/test/16607
new file mode 100644
index 0000000000000000000000000000000000000000..df0c1f729d353c7f330b3580b91e0fb54e1f8340
--- /dev/null
+++ b/reuters/test/16607
@@ -0,0 +1,34 @@
+KUWAITI DAILY SAYS OPEC CREDIBILITY AT STAKE
+  OPEC's credibility faces fresh scrutiny
+  in coming weeks amid signs of a significant rise in supplies of
+  oil to international oil markets, the Kuwait daily al-Qabas
+  said.
+      In an article headlined, "Gulf oil sources say Middle East
+  production up 1.4 mln bpd," it warned OPEC's official prices
+  could face fresh pressure from international oil companies
+  seeking cheaper supplies.
+      It did not say whether only OPEC or both OPEC and other
+  producers were behind the reported rise in Mideast output. Nor
+  did it specify if the sources were official or other contacts. 
+     "The sources said the credibility of OPEC would come under
+  fresh scrutiny from today (Monday), with activity in the
+  European and American markets," the daily said.
+      The sources were quoted as saying that after OPEC had in
+  March demonstrated its commitment to quota agreements, some
+  members had raised output last week. It gave no details.
+      "Dealers in oil markets were now waiting to see if Opec was
+  able to control production, or whether the days of cheating and
+  producing over quotas has begun anew," it said.
+      The sources warned that "maybe the (price of a) barrel of
+  oil will fall below 18, perhaps 17.80 dlrs this week or next if
+  there is no control on supplies," it said.
+      "The sources believed a return of oil below 18 dlrs a barrel
+  may open the doors for international oil companies to pressure
+  OPEC over contract prices, similar to the struggle last March,"
+  it said, apparently referring to resistance by buyers to lift
+  from Qatar unless it gave price discounts.
+      "More than one official has warned OPEC would find its
+  solidarity under scrutiny by the end of April or start of May,"
+  it said, noting demand usually fell with the onset of summer.
+  
+
diff --git a/reuters/test/16608 b/reuters/test/16608
new file mode 100644
index 0000000000000000000000000000000000000000..631cc133e8082c9a0641ef8c24eda47788dfe5b8
--- /dev/null
+++ b/reuters/test/16608
@@ -0,0 +1,8 @@
+WILLAMETTE INDUSTRIES <WMTT> 4TH QTR NET
+  Shr 90 cts vs 30 cts
+      Net 22.9 mln vs 7,567,000
+      Sales 323.0 mln vs 272.1 mln
+      Note: per share figures reflect April 25, 1986
+  five-to-three stock split. Full year figures not available.
+  
+
diff --git a/reuters/test/16610 b/reuters/test/16610
new file mode 100644
index 0000000000000000000000000000000000000000..368fca6d1190fdb6a2765972320cb2c4e6dd65e4
--- /dev/null
+++ b/reuters/test/16610
@@ -0,0 +1,5 @@
+MARINE MIDLAND BANKS INC 1ST QTR 1.74 DLRS VS 1.89 DLRS
+
+  MARINE MIDLAND BANKS INC 1ST QTR 1.74 DLRS VS 1.89 DLRS
+  
+
diff --git a/reuters/test/16611 b/reuters/test/16611
new file mode 100644
index 0000000000000000000000000000000000000000..a95d5a69528e9aa685700637137a3f281db7e0be
--- /dev/null
+++ b/reuters/test/16611
@@ -0,0 +1,21 @@
+AMERICAN CENTURY <ACT> RESTATES EARNINGS
+  American Century Corp said it
+  has restated its earnings for the fiscal year ended June 30,
+  1986 to provide an additional five mln dlrs to its loan loss
+  allowance, causing a restated year-end net loss of 14,937,000
+  dlrs, instead of 9,937,000 dlrs.
+      The company said the change came after talks with the
+  Securities and Exchange Commission on the company's judgement
+  in considering the five mln dlrs collectible.
+      In the note to its 1986 financial statement, American
+  Century said it considered the five mln dlrs collectible,
+  making its loan loss provision less than required.
+      The company said in spite of the SEC decision, it still
+  feels its allowance for possible loan losses at June 30, 1986
+  was adequate and that it has considered all relevant
+  information to determine the collectibility of the five mln dlr
+  receivable.
+      But, it said continued disagreement with the SEC staff
+  would not be in its best interest.
+  
+
diff --git a/reuters/test/16615 b/reuters/test/16615
new file mode 100644
index 0000000000000000000000000000000000000000..2d5ad9c4de15f3795e41acbb6ecd66427201c3cc
--- /dev/null
+++ b/reuters/test/16615
@@ -0,0 +1,12 @@
+INTERFIRST CORP <IFG> 1ST QTR LOSS
+  Shr loss 28 cts vs profit three cts
+      Net loss 18.9 mln vs profit 2.1 mln
+      Assets 16.7 billion vs 19.8 billion
+      Deposits 14.1 billion vs 16.2 billion
+      Loans 12.2 billion vs 14.4 billion
+      Note: Net includes securities gains of 20.4 mln vs 13.1
+  mln. Net charge-offs totaled 41.9 mln vs 42.2 mln, while
+  provisions for loan losses was 56.6 mln vs 52.2 mln.
+  Non-performing assets totaled 1.24 billion vs 799 mln.
+  
+
diff --git a/reuters/test/16619 b/reuters/test/16619
new file mode 100644
index 0000000000000000000000000000000000000000..e6ed66855dff5b7d63d55b0423b6efd83ddee4d8
--- /dev/null
+++ b/reuters/test/16619
@@ -0,0 +1,15 @@
+MARINE MIDLAND BANKS INC <MM> 1ST QTR NET
+  Shr 1.74 dlrs vs 1.89 dlrs
+      Net 35.3 mln vs 38.2 mln
+      Assets 24.5 billion vs 21.8 billion
+      Deposits 16.9 billion vs 16.1 billion
+      Loans 18.9 billion vs 16.0 billion
+      NOTE: Qtr includes pre-tax provision of 9.7 mln dlrs,
+  resulting in 5.7 mln dlrs after-tax loss, for reserve against
+  interest due on medium- and long-term Brazilian loans.
+      Net investment gains for the qtr were 2.2 mln dlrs versus a
+  gain of 15.5 mln in last year's first quarter.
+      Provision for loan losses in the quarter was 35.3 mln dlrs
+  vs 44.1 mln dlrs the prior first quarter.
+  
+
diff --git a/reuters/test/16621 b/reuters/test/16621
new file mode 100644
index 0000000000000000000000000000000000000000..dc105093ece1bdb53a78bb62f533f4a088eb4e81
--- /dev/null
+++ b/reuters/test/16621
@@ -0,0 +1,12 @@
+<FOURTH NATIONAL CORP> STAKE ACQUIRED
+  Fourth National Corp said an
+  investor group led by management has acquired a 73 pct stake in
+  the company from Interfirst Corp <IFC>, a Dallas bank holding
+  firm.
+      A Fourth National spokesman said the deal was for cash but
+  would not disclose the amount.
+      Fourth National, a bank holding company with about 500 mln
+  dlrs in assets, said in a statement that it will continue to
+  operate its four subsidiaries and retain its employees.
+  
+
diff --git a/reuters/test/16622 b/reuters/test/16622
new file mode 100644
index 0000000000000000000000000000000000000000..37e7e9b964304e8cedb91d01c6f1a736f2a6275c
--- /dev/null
+++ b/reuters/test/16622
@@ -0,0 +1,9 @@
+DEL WEBB <WBB> UNIT SELLS JOINT VENTURE STAKE
+  Del E. Webb Corp said its Del E.
+  Webb Properties Corp unit sold one-half of its interest in the
+  224-acre Towne Meadows mixed-use development near Mesa and
+  Gilbert, Ariz., to Klukwan Inc, an Alaskan native cooperative.
+      Terms of the sale were not disclosed.
+      Webb said it had a one-half interest in the venture.
+  
+
diff --git a/reuters/test/16623 b/reuters/test/16623
new file mode 100644
index 0000000000000000000000000000000000000000..d2d8fc1fe445dc70036833f3cc75cb40afbceae1
--- /dev/null
+++ b/reuters/test/16623
@@ -0,0 +1,5 @@
+BANK OF NEW ENGLAND CORP <BKNE.O> 1ST QTR
+  Shr 1.04 dlrs vs 83 cts
+      Net 51.7 mln vs 39.4 mln
+  
+
diff --git a/reuters/test/16624 b/reuters/test/16624
new file mode 100644
index 0000000000000000000000000000000000000000..d2f246ddf92bdbc54f5beb9b46a7ef988af46df3
--- /dev/null
+++ b/reuters/test/16624
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 350,000 TONNES CORN SOLD TO UNKNOWN DESTINATIONS FOR 1986/87
+
+  U.S. EXPORTERS REPORT 350,000 TONNES CORN SOLD TO UNKNOWN DESTINATIONS FOR 1986/87
+  
+
diff --git a/reuters/test/16625 b/reuters/test/16625
new file mode 100644
index 0000000000000000000000000000000000000000..9b35c122738111cd6b850be257ac25524f58491b
--- /dev/null
+++ b/reuters/test/16625
@@ -0,0 +1,11 @@
+CANANDAIGUA WINE CO INC <CDG.A> 2ND QTR NET
+  Qtr ended Feb 28
+      Shr 35 cts vs 38 cts
+      Net 1,682,047 vs 1,817,820
+      Revs 36.1 mln vs 29.9 mln
+      Six mths
+      Shr 73 cts vs 75 cts
+      Net 3,518,515 vs 3,606,689
+      Revs 74.1 mln vs 62.7 mln
+  
+
diff --git a/reuters/test/16626 b/reuters/test/16626
new file mode 100644
index 0000000000000000000000000000000000000000..0a32b8394883c113e3e747b21d9b4814c1ebd9dc
--- /dev/null
+++ b/reuters/test/16626
@@ -0,0 +1,3 @@
+13-APR-1987
+  13-APR-1987
+
diff --git a/reuters/test/16627 b/reuters/test/16627
new file mode 100644
index 0000000000000000000000000000000000000000..0378125c30c71102de6f84017a55907c4b659b20
--- /dev/null
+++ b/reuters/test/16627
@@ -0,0 +1,5 @@
+U.S. TRADE PANEL RULES AGAINST BRAZILIAN  ORANGE JUICE IMPORTS, WILL IMPOSE DUTUES
+
+  U.S. TRADE PANEL RULES AGAINST BRAZILIAN  ORANGE JUICE IMPORTS, WILL IMPOSE DUTUES
+  
+
diff --git a/reuters/test/16628 b/reuters/test/16628
new file mode 100644
index 0000000000000000000000000000000000000000..aaba3df44aa842d92715f1a875523b101762d34e
--- /dev/null
+++ b/reuters/test/16628
@@ -0,0 +1,15 @@
+FLORIDA PROGRESS CORP <FPC> 1ST QTR NET
+  Shr 83 cts vs 94 cts
+      Net 41.2 mln vs 45.5 mln
+      Revs 428.4 mln vs 429.6
+      Avg shrs 49.8 mln vs 48.1 mln
+      12 months
+      Shr 3.59 dlrs vs 3.53 dlrs
+      Net 176.9 mln vs 164.4 mln
+      Revs 1.87 billion vs 1.70 billion
+      Avg shrs 49.3 mln vs 46.6
+      NOTE: 1986 first quarter profits restated down one cent a
+  share as a result of previously reported pooling of interests
+  merger with Mid-Continent Life Insurance Co.
+  
+
diff --git a/reuters/test/16630 b/reuters/test/16630
new file mode 100644
index 0000000000000000000000000000000000000000..d1c7f19bbd85198d3cc7f474588a5bbaba82dc05
--- /dev/null
+++ b/reuters/test/16630
@@ -0,0 +1,39 @@
+U.S. AGENCY RULES AGAINST BRAZIL ORANGE JUICE
+  The U.S. International Trade
+  Commission, ITC, voted to authorize the Commerce Department to
+  impose anti-dumping duties on imports of Brazilian frozen
+  concentrated orange juice.
+      The ITC voted 3-2 in favor of the anti-dumping petition in
+  its final ruling on the matter.
+      Today's ITC ruling was consistent with the Commerce
+  Department's final ruling of March 9, and activates an
+  anti-dumping duty of 1.96 pct on imports of Brazilian frozen
+  concentrated orange juice, Stephen Vastagh, ITC investigator
+  said.
+      The ITC found that Brazilian orange juice imports have
+  injured U.S. producers. The Commerce Department had already
+  ruled that the imports were unfairly priced, and lowered to
+  1.96 pct the anti-dumping margin that in a preliminary decision
+  last fall had been set at 8.5 pct, Vastagh said.
+      The U.S. government has been requiring bond to be posted on
+  imports of Brazilian frozen concentrated orange juice since
+  Commerce's preliminary ruling of last October 23, he said.
+      Commerce had ruled that one major Brazilian producer --
+  Cutrale -- would be excluded from the anti-dumping duty.
+      Brazilian imports account for about 40 pct of total U.S.
+  supply, Vastagh said. Between December 1985 and November 1986,
+  the United States imported the equivalent of 546 mln gallons of
+  Brazilian orange juice worth 622 mln dlrs, he said.
+      Currently, the United States requires a 35-cent per gallon
+  tariff on orange juice imports, Vastagh said.
+      An ITC spokesman said the agency would forward its final
+  report on the anti-dumping case to Commerce by April 22.
+      Commerce then will process the anti-dumping order and
+  transmit it to U.S Customs, which will liquidate bond entries
+  dating from Commerce's preliminary ruling and begin assessing
+  duties, Vastagh said.
+      He said about 12 Brazilian orange juice exporters,
+  including three major shippers, would be affected by the
+  decision.
+  
+
diff --git a/reuters/test/16633 b/reuters/test/16633
new file mode 100644
index 0000000000000000000000000000000000000000..068c0efc8e208a6e6a2f1921f1f6fdcd63d2c7f3
--- /dev/null
+++ b/reuters/test/16633
@@ -0,0 +1,5 @@
+NATIONAL CITY BANCORP <NCBM.O> 1ST QTR NET
+  Shr 37 cts vs 27 cts
+      Net 1,194,000 vs 870,000
+  
+
diff --git a/reuters/test/16635 b/reuters/test/16635
new file mode 100644
index 0000000000000000000000000000000000000000..267a96b969e1692d15bfc729198c0af9952e4431
--- /dev/null
+++ b/reuters/test/16635
@@ -0,0 +1,12 @@
+ONEOK INC <OKE> 2ND QTR FEB 28 NET
+  Shr 1.21 dlrs vs 1.80 dlrs
+      Net 16.9 mln vs 24.6 mln
+      Revs 230.9 mln vs 289.6 mln
+      12 mths
+      Shr 1.97 dlrs vs 2.37 dlrs
+      Net 27.6 mln vs 32.4 mln
+      Revs 648.6 mln vs 875.7 mln
+      NOTE: company reports earnings qtrly and includes the
+  previous 12 mths figures.
+  
+
diff --git a/reuters/test/16636 b/reuters/test/16636
new file mode 100644
index 0000000000000000000000000000000000000000..a863c519ed9c296797f0fe5ed69847c5e3edd7bf
--- /dev/null
+++ b/reuters/test/16636
@@ -0,0 +1,63 @@
+TEXACO <TX> SAYS SOME OIL FLOWS RE-ESTABLISHED
+  Texaco Inc has re-established some key
+  oil supply lines following yesterday's court filing for
+  protection under Chapter 11 of the U.S. bankrupcty code, said
+  Elton Yates, Texaco's coordinator of worldwide operations.
+      "Several companies say they are willing to start trading,"
+  Yates told Reuters in an interview.
+      The company last week had stated that a number of domestic
+  and international oil suppliers were demanding cash for oil
+  shipments, and in some cases, had cut supplies altogether.
+  Banks had also cut credit lines, it said in court filings.
+      Manufacturers Hanover Corp <MHC> and other banks told
+  Texaco it would cut off a one billion dlr credit line, Texaco
+  said in the court filing. Chase Manhattan Corp <CMB> and J.P.
+  Morgan Co's <JPM> Morgan Guaranty Trust Co asked for deposits
+  to cover transactions, it said.
+      The severe conditions with suppliers and creditors arose
+  from an unfavorable ruling last Monday by the U.S. Supreme
+  Court in Texaco's ongoing dispute with Pennzoil Co <PZL> over
+  the acquisition of Getty Oil Co in 1984.
+      The High Court said Texas Courts must consider Texaco's
+  plea to cut its 10.3 billion dlr bond while appealing the case.
+      "Most of the suppliers stayed with us as long as they
+  could," Elton said. But following Monday's Supreme Court
+  ruling, Texaco's suppliers began demanding cash and halting
+  supplies.
+      "It wasn't until last Wednesday that it turned into an
+  avalanche," he said. "Supplies were cut to the point where we
+  could not run the system at anywhere near capacity."
+      He said less than half of Texaco's oil supplies had been in
+  jeapordy, but the cut off would have produced severe shortages
+  by mid-May. Now the situation appears much less severe, Elton
+  said.
+      It said that Sonatrach, the Algerian national oil company,
+  canceled future deliveries of crude oil and natural gas,
+  Occidental Petroleum Co <OXY> demanded cash for crude, and
+  Atlantic Richfield Co <ARC> asked for special safeguards.
+      The company also said British Petroleum Co PLC <BP> last
+  week refused to accept an order for fuel oil. But Yates today
+  said, "a big U.K. company has in fact said they would go on
+  supplying. They had cancelled last week."
+      He declined to identify the company.
+      <Petroleos de Venezuela S.A.>, the Venezuelan state oil
+  company that supplies a large portion of Texaco's oil, also
+  halted shipments two weeks ago, Yates said.
+      But he added that Texaco expected to meet with the
+  Venezuelans later today in an attempt to reestablish that key
+  supply line. Talks were also expected to take place with the
+  Algerians, he added.
+      Bankruptcy specialists said it was likely Texaco's chapter
+  11 filing would allow the company to secure its credit lines
+  and oil supplies that are key to the company's business.
+      "It will be business as usual for Texaco," said Martin
+  Klein, a bankruptcy attorney at the New York law firm Dreyer
+  and Traub.
+      "Creditors are a nervous bunch of people," he said. "But
+  when the dust settles they will reevaluate the situation and
+  will likely extend credit to the chapter 11 company."
+      But other officials at Texaco were not immediately
+  available to say whether discussions were being held with its
+  banks, or whether credit lines had been reestablished.
+  
+
diff --git a/reuters/test/16638 b/reuters/test/16638
new file mode 100644
index 0000000000000000000000000000000000000000..51f5b96cbf7cad9f2774c63fc3c7660717330048
--- /dev/null
+++ b/reuters/test/16638
@@ -0,0 +1,6 @@
+NATIONAL CITY BANCORP <NCBM.O> 10 PCT DIVIDEND
+  National City Bancorp said
+  directors at the annual meeting declared a 10 pct stock
+  dividend payable May 22, record April 24.
+  
+
diff --git a/reuters/test/16641 b/reuters/test/16641
new file mode 100644
index 0000000000000000000000000000000000000000..0e7d8db94e64947590339efb149e60ccfaac12ee
--- /dev/null
+++ b/reuters/test/16641
@@ -0,0 +1,9 @@
+FLAGLER BANK CORP <FLGLA.O> 1ST QTR NET
+  Shr 25 cts vs 23 cts
+      Net 488,000 vs 443,000
+      Assets 289.3 mln vs 213.9 mln
+      Deposits 254 mln vs 188.5 mln
+      Loans 156.4 mln vs 123.4 mln
+      NOTE: Per share amounts adjusted for stock dividends.
+  
+
diff --git a/reuters/test/16642 b/reuters/test/16642
new file mode 100644
index 0000000000000000000000000000000000000000..744f323a1945f4f89abb5a44ede1906cb987e9a4
--- /dev/null
+++ b/reuters/test/16642
@@ -0,0 +1,16 @@
+NATIONAL CITY CORP <NCTY.O> 1ST QTR NET
+  Shr primary 87 cts vs 83 cts
+      Shr diluted 85 cts vs 74 cts
+      Net 35.9 mln vs 30.6 mln
+      Avg shrs 41.0 mln vs 34.2 mln
+      Assets 13.95 billion vs 12.34 billion
+      Deposits 10.21 billion vs 9.24 billion
+      Loans 9.22 billion vs 7.89 billion
+      Return on assets 1.07 pct vs 1.05 pct
+      Note: Net includes securities gains of seven cts a shr vs
+  two cts.
+      Net includes loan loss provision of 20.2 mln vs 12.6 mln.
+      Net charge-offs totaled 15.6 mln, brining the loan loss
+  reserve at the end of the qtr to 120.5 mln.
+  
+
diff --git a/reuters/test/16644 b/reuters/test/16644
new file mode 100644
index 0000000000000000000000000000000000000000..b8c40c19e30612d1b3d589546f3afb9834ec3c46
--- /dev/null
+++ b/reuters/test/16644
@@ -0,0 +1,26 @@
+BANK OF NEW ENGLAND <BKNE.O> POST PRO FORMA NET
+  Bank of New England Corp reported
+  that pro forma first quarter earnings, which reflect its 
+  combined operations under a pending merger with the Conifer
+  Group, rose to 60 mln dlrs, or 89 cts a share, from 49 mln
+  dlrs, or 75 cts a share in 1986.
+      The merger is expected to close on April 22.
+      Earlier, Bank of New England reported first quarter net
+  income, not taking the merger into account, rose to 1.04 dlrs
+  from 83 cts a share.
+      NOTE:First quarter of 1986 does not include restatement
+  from recent acquisitions. After restatement, net income was
+  39.8 mln dlrs.
+      The 1987 pro forma first quarter results include
+  nonrecurring merger expenses of 4.7 mln dlrs.
+      Excluding these expenses, growth in operating expenses of
+  the combined companies was reduced from 14 pct to 12 pct during
+  the first quarter.
+      Loans and leases increased 34 pct to 19.5 billion dlrs and
+  deposits grew 14 pct to 19.6 billion dlrs.
+      The provision for possible credit losses was 14.4 mln dlrs
+  in the first quarter compared with 19.7 mln dlrs last year.
+      Net charge-offs were 10.9 mln dlrs, down from 12.8 mln dlrs
+  in 1986.
+  
+
diff --git a/reuters/test/16645 b/reuters/test/16645
new file mode 100644
index 0000000000000000000000000000000000000000..ef169339d6dd68f3a59b8b8e87486a7d376ba660
--- /dev/null
+++ b/reuters/test/16645
@@ -0,0 +1,11 @@
+BURNHAM AMERICAN PROPOERTIES <BAPYZ.O> 2ND QTR
+  Qtr ended March 31
+      Net 268,760 vs 235,274
+      Revs 721,882 vs 575,806
+      Six mths
+      Net 472,642 vs 464,042
+      Revs 1,372,453 vs 1,059,462
+      Note: per share data not given, as not comparable to net
+  figures, which are before depreciation.
+  
+
diff --git a/reuters/test/16646 b/reuters/test/16646
new file mode 100644
index 0000000000000000000000000000000000000000..c5ec2fe30b4a4ccd45f4bc2ab455cdb8492cfe3f
--- /dev/null
+++ b/reuters/test/16646
@@ -0,0 +1,13 @@
+CANADA'S WILSON HAS NO COMMENT ON DOME (DMP)
+  Finance Minister Michael Wilson said it
+  was too early to comment on the tax implications of TransCanada
+  PipeLines Ltd's 4.3 billion dlr offer for Dome Petroleum Ltd.
+      "The specific offer by TransCanada is just in the course of
+  being made and we don't have the details of all the elements of
+  the proposal," Wilson told the House of Commons daily question
+  period.
+      Opposition parties were questioning Wilson about a possible
+  loss of tax revenue if the takeover was completed because of
+  the large tax credits held by Dome.               
+  
+
diff --git a/reuters/test/16648 b/reuters/test/16648
new file mode 100644
index 0000000000000000000000000000000000000000..fa8b5238bafc463eab0ecb3cbcfe497c2661adb4
--- /dev/null
+++ b/reuters/test/16648
@@ -0,0 +1,15 @@
+DAUPHIN DEPOSIT <DAPN> TO ACQUIRE COLONIAL
+  Dauphin Deposit Corp said it
+  signed a definitive agreement to acquire <Colonial Bancorp
+  Inc>.
+      The agreement calls for Colonial to be merged into Dauphin
+  Deposit Corp, and Colonial's subsidiary, New Holland Farmers
+  National Bank, to be merged into Dauphin Deposit Bank and Trust
+  Co, the lead bank of Dauphin Deposit Corp, the company said.
+      Shareholders of Colonial will receive between 3.6 and 4.4
+  shares of Dauphin common stock for each share of Colonial,
+  depending on Dauphin's current market value, it said.
+      As of Dec 31, 1986, Colonia Bancorp had assets of 150 mln
+  dlrs, Dauphin said.
+  
+
diff --git a/reuters/test/16649 b/reuters/test/16649
new file mode 100644
index 0000000000000000000000000000000000000000..98c34d4a9552aab5ccf4bd8861f83815c47f9d25
--- /dev/null
+++ b/reuters/test/16649
@@ -0,0 +1,35 @@
+KUWAITI DAILY SAYS OPEC CREDIBILITY AT STAKE
+  OPEC's credibility faces fresh scrutiny
+  in coming weeks amid signs of a significant rise in supplies of
+  oil to international oil markets, the Kuwait daily al-Qabas
+  said.
+      In an article headlined "Gulf oil sources say Middle East
+  production up 1.4 mln bpd" and "Markets witness new surplus amid
+  whispers of return to cheating days," it warned OPEC's official
+  prices could face fresh pressure from international oil
+  companies seeking cheaper supplies.
+      It did not say whether only OPEC or Opec and other
+  producers were behind the reported rise in Mideast output. Nor
+  did it specify if the sources were official or other contacts.
+     "The sources said the credibility of OPEC would come under
+  fresh scrutiny from Monday, with activity in the European and
+  American markets," it said.
+      The sources were quoted as saying that after Opec had in
+  March demonstrated its commitment to quota agreements, some
+  members had raised output last week. It gave no details.
+      "Dealers in oil markets were now waiting to see if Opec was
+  able to control production, or whether the days of cheating and
+  producing over quotas has begun anew," it reported.
+     "The sources warned that maybe the (price of a) barrel of oil
+  will fall below 18, perhaps 17.80 dlrs this week or next if
+  there is no control on supplies.
+      "The sources believed a return of oil below 18 dlrs a barrel
+  may open the doors for international oil companies to pressure
+  Opec over contract prices, similar to the struggle last March,"
+  it said, apparently referring to resistance by buyers to lift
+  from Qatar unless it gave price discounts.
+      "More than one official has warned Opec would find its
+  solidarity under scrutiny by the end of April or start of May,"
+  it said, noting demand usually fell with the onset of summer.
+  
+
diff --git a/reuters/test/16650 b/reuters/test/16650
new file mode 100644
index 0000000000000000000000000000000000000000..ec38ed73e8183c8fece2cd6a49b0fa7aa77fbad8
--- /dev/null
+++ b/reuters/test/16650
@@ -0,0 +1,12 @@
+TREASURY BALANCES AT FED FELL ON APRIL 9
+  Treasury balances at the Federal
+  Reserve fell on April 10 to 3.373 billion dlrs from 3.523
+  billion dlrs on the previous business day, the Treasury said in
+  its latest budget statement.
+      Balances in tax and loan note accounts fell to 11.645
+  billion dlrs from 11.869 billion dlrs on the same respective
+  days.
+      The Treasury's operating cash balance totaled 15.018
+  billion dlrs compared with 15.392 billion dlrs on April 9.
+  
+
diff --git a/reuters/test/16651 b/reuters/test/16651
new file mode 100644
index 0000000000000000000000000000000000000000..bb88007a4f890c8d66fee9fb25deb6424d43ddf0
--- /dev/null
+++ b/reuters/test/16651
@@ -0,0 +1,13 @@
+DOE RESOLVES ISSUES WITH ROYAL DUTCH <RD> UNIT
+  The Energy Department said it had
+  approved in final form an agreement that resolves all remaining
+  issues with Shell Oil Co over oil pricing and allocation
+  controls that ended in 1981.
+      Under the agreement, The Royal Dutch/Shell Group unit 
+  agreed to pay 20 mln dlrs to settle refiner pricing issues and
+  160 mln dlrs to settle crude oil pricing issues, DOE said.
+      DOE said that before making the pact final, it modified it
+  to reflect Shell's compliance with the Tertiary Incentive
+  Program, a provision not in the version published last Dec 31.
+  
+
diff --git a/reuters/test/16652 b/reuters/test/16652
new file mode 100644
index 0000000000000000000000000000000000000000..1cade44f713eac52493904ae4073d588ebf52495
--- /dev/null
+++ b/reuters/test/16652
@@ -0,0 +1,8 @@
+CELLULAR COMMUNICATIONS <COMM.O> CLOSES BUYOUT
+  Cellular Communications Inc said that
+  a unit purchased a 6.99 pct interest in the Cincinnati
+  non-wireline cellular system.
+      As a result of the transaction, the company said it now
+  owns 100 pct of the system in Cincinnati.
+  
+
diff --git a/reuters/test/16653 b/reuters/test/16653
new file mode 100644
index 0000000000000000000000000000000000000000..905f57063dc453b711580e0b6a82475ff42fca83
--- /dev/null
+++ b/reuters/test/16653
@@ -0,0 +1,6 @@
+ATHLONE INDUSTRIES INC <ATH> SETS QTLY DIVIDEND
+  Qtly div 40 cts vs 40 cts prior
+      Pay May 15
+      Record May one.
+  
+
diff --git a/reuters/test/16654 b/reuters/test/16654
new file mode 100644
index 0000000000000000000000000000000000000000..6c1d638a6cf4e1c25fb1dd11fc2609f7fccec106
--- /dev/null
+++ b/reuters/test/16654
@@ -0,0 +1,10 @@
+FIRST FEDERAL SAVINGS BANK <FFSD.O> 2ND QTR NET
+  Qtr ended March 31
+      Shr 88 cts
+      Net 973,000 vs 713,000
+      Six mths
+      Shr 1.35 dlrs
+      Net 1,497,000 vs 1,464,000
+      Note: Bank went public on Dec 29, 1986.
+  
+
diff --git a/reuters/test/16655 b/reuters/test/16655
new file mode 100644
index 0000000000000000000000000000000000000000..7c7dc667031c44843440f4d68fc319cd905dac34
--- /dev/null
+++ b/reuters/test/16655
@@ -0,0 +1,13 @@
+PLANTRONICS INC <PLX> 3RD QTR MARCH 28 NET
+  Shr 39 cts vs 32 cts
+      Net 2,524,000 vs 2,046,00
+      Sales 28.5 mln vs 23.5 mln
+      Nine Mths
+      Shr 1.01 dlrs vs 1.09 dlrs
+      Net 6,323,000 vs 6,990,000
+      Sales 80.6 mln vs 68.8 mln
+      Note: Current qtr and nine mth net include 447,000 dlr gain
+  on asset sales.
+      Prior nine mth net includes 3.4 mln dlr asset sale gain.
+  
+
diff --git a/reuters/test/16656 b/reuters/test/16656
new file mode 100644
index 0000000000000000000000000000000000000000..86c692699ab8178000933cd7106a599a99acfc42
--- /dev/null
+++ b/reuters/test/16656
@@ -0,0 +1,28 @@
+GAF <GAF> SEEKS INFORMATION ON BORG-WARNER<BOR>
+  GAF Corp said it is exploring its
+  options in response to Merrill Lynch Capital Partners' 4.23
+  billion dlr offer for Borg-Warner Corp, and it has asked for
+  all information that was supplied to Merrill Lynch.
+      A GAF spokesman said the company asked for the information
+  in order to enable GAF to fully evaluate its alternatives.
+      The spokesman also confirmed that GAF did raise its bid to
+  48 dlrs cash from 46 dlrs per share on Friday.
+      Merrill is offering 48.50 dlrs per share cash for 89 pct of
+  Borg-Warner, and a package of cash and securities for the
+  balance.
+      The transaction with Merrill Lynch will take Borg-Warner
+  private in the form of a leveraged buyout. Merrill Lynch does
+  not intend to sell Borg-Warner assets, but it may be forced to
+  do so in financing the deal, said sources familiar with the
+  transaction.
+       Borg-Warner has said its management is not a participant
+  in the transaction, but managers will retain their positions.
+      The investors involved with Merrill include pension funds,
+  insurance companies and other institutional investors, sources
+  said.
+      Analysts believe GAF, which owns 19.9 pct of Borg-Warner,
+  will raise its offer.
+      That speculation drove Borg-warner stock up 1-3/8 to 49-5/8
+  in heavy trading. GAF closed at 49-5/8, off 3/4.
+  
+
diff --git a/reuters/test/16658 b/reuters/test/16658
new file mode 100644
index 0000000000000000000000000000000000000000..ab37ae8949e778a0d742c04e06ef2e6e6d20be4b
--- /dev/null
+++ b/reuters/test/16658
@@ -0,0 +1,30 @@
+ABU DHABI MARKETING SAID NOT BREACHING OPEC PACT
+  A senior Abu Dhabi oil official said
+  in remarks published today the emirate, largest producer in the
+  United Arab Emirates (UAE), was succeeding in marketing its
+  crude oil without breaching OPEC accords.
+      Khalaf al-Oteiba, Marketing Director at the Abu Dhabi
+  National Oil Co (ADNOC), told the company's Petroleum Community
+  magazine ADNOC was also keen to keep good customer relations.
+  "The company will maintain its dialogue with and care for its
+  customers in accordance with market conditions...And take
+  necessary steps to guarantee marketing its production," he said.
+     "The present oil marketing policy of ADNOC is based on
+  adherence to OPEC decisions of December 1986 to control
+  production and establish a new pricing system in an attempt to
+  stabilize the market," he added.
+      OPEC agreed last December to limit production to 15.8 mln
+  bpd and return to fixed prices averaging 18 dlrs a barrel.
+      Oteiba said stabilization of the oil market in the future
+  depended on how much discipline OPEC showed.
+      Oteiba said last year, when world oil prices dropped, was
+  ADNOC's most difficult ever but "a practical and flexible
+  pricing policy was implemented to relate to the changed market
+  environment."
+      He said crude oil sales last year jumped to an average
+  609,000 bpd of which 73 pct was exported. Refined product sales
+  totalled eight mln metric tonnes, of which 67 pct was exported.
+      In 1985, ADNOC marketed a total of 476,000 bpd of crude oil
+  and 7.2 mln tonnes of refined products.
+  
+
diff --git a/reuters/test/16662 b/reuters/test/16662
new file mode 100644
index 0000000000000000000000000000000000000000..24e270fb0f556ed77d3123ea8f66de5099aa1216
--- /dev/null
+++ b/reuters/test/16662
@@ -0,0 +1,8 @@
+RHNB CORP <RHNB> 1ST QTR NET
+  Shr 61 cts vs 55 cts
+      Net 695,252 vs 633,329
+      Loans 125.2 mln vs 89.9 mln
+      Deposits 209.2 mln vs 172.9 mln
+      Assets 245.5 mln vs 207.5 mln
+  
+
diff --git a/reuters/test/16663 b/reuters/test/16663
new file mode 100644
index 0000000000000000000000000000000000000000..d54d5b54edbcb8869e82fa6bbd15e6617273b37c
--- /dev/null
+++ b/reuters/test/16663
@@ -0,0 +1,8 @@
+KRAFT <KRA> COMPLETES ACQUISITION
+  Kraft Inc said it completed the
+  acquisition of Holleb and Co, a foodservice distributor based
+  in Bensenville, Ill.
+      Terms were withheld.
+      It said Holleb's 1986 sales were about 85 mln dlrs.
+  
+
diff --git a/reuters/test/16664 b/reuters/test/16664
new file mode 100644
index 0000000000000000000000000000000000000000..ba055f021a496a2a5f94a86cfb7e67ee873ae31b
--- /dev/null
+++ b/reuters/test/16664
@@ -0,0 +1,9 @@
+FIRST OF AMERICA BANK INC <FABK.O> 1ST QTR NET
+  Shr 1.12 dlrs vs 1.27 dlrs
+      Net 15,000,000 vs 11,900,000
+      Avg shrs 9,642,403 vs 8,322,245
+      Loans 4.57 billion vs 3.29 billion
+      Deposits 6.80 billion vs 4.75 billion
+      Assets 7.75 billion vs 5.37 billion
+  
+
diff --git a/reuters/test/16665 b/reuters/test/16665
new file mode 100644
index 0000000000000000000000000000000000000000..14e247a5ac4f3236a8145850b9a3c3094a55c501
--- /dev/null
+++ b/reuters/test/16665
@@ -0,0 +1,7 @@
+LOMAK PETROLEUM INC <LOMK.O> YEAR LOSS
+  Shr loss 10 cts vs loss 19 cts
+      Net loss 1,348,000 vs loss 2,410,000
+      Revs 11.2 mln vs 22.3 mln
+      Acg shrs 13.8 mln vs 12.9 mln
+  
+
diff --git a/reuters/test/16667 b/reuters/test/16667
new file mode 100644
index 0000000000000000000000000000000000000000..b8bec0ec6cdfc9490819077006f269aceb3ceb14
--- /dev/null
+++ b/reuters/test/16667
@@ -0,0 +1,9 @@
+NEWMONT <NEM> STAKE IN DU PONT <DD> DECLINES
+  Newmont Mining Corp held 5,250,376 Du
+  Pont Co shares, or about 2.2 pct of those outstanding, at the
+  end of 1986, down from the 5,970,141 shares, or 2.5 pct of
+  those outstanding, it held a year earlier, Newmont's annual
+  report said.
+      --Corrects March 30 item to show holdings decreased.
+  
+
diff --git a/reuters/test/16668 b/reuters/test/16668
new file mode 100644
index 0000000000000000000000000000000000000000..f42610ccf41aec22055245764f308659392f8710
--- /dev/null
+++ b/reuters/test/16668
@@ -0,0 +1,10 @@
+BANKEAST CORP <BENH.O> 1ST QTR NET
+  Shr 35 cts vs 29 cts
+      Net 3,732,000 vs 3,131,000
+      Assets 1.09 billion vs 861.2 mln
+      Deposits 817.7 mlnvs 705.7 mln
+      Loans 704.1 mln vs 553.4 mln
+      Note: 1986 results restated to reflect acquisition of
+  United Banks Corp.
+  
+
diff --git a/reuters/test/16670 b/reuters/test/16670
new file mode 100644
index 0000000000000000000000000000000000000000..debbf060bdead9324981a0ab8a63d17c73fb9e5e
--- /dev/null
+++ b/reuters/test/16670
@@ -0,0 +1,9 @@
+UST CORP <UTSB.O> 1ST QTR NET
+  Shr 41 cts vs 31 cts
+      Net 4,568,656 vs 3,461,674
+      Assets 1.7 billion vs 1.4 billion
+      Deposits 1.46 billion vs 1.19 billion
+      Note: 1986 results restated to reflect a 100 pct stock
+  dividend.
+  
+
diff --git a/reuters/test/16672 b/reuters/test/16672
new file mode 100644
index 0000000000000000000000000000000000000000..ca4826de3a8ae3b5f66864c7f8dc38eb61e4e682
--- /dev/null
+++ b/reuters/test/16672
@@ -0,0 +1,8 @@
+CENTRAL ILL PUBLIC SERVICE <CIP> 1ST QTR NET
+  Shr 28 cts vs 29 cts
+      Net 10,978,000 vs 11,916,000
+      Revs 153.5 mln vs 163.4 mln
+      NOTE: Full name is Central Illinois Public Service Co
+      Per-share results reflect payment of preferred dividends
+  
+
diff --git a/reuters/test/16675 b/reuters/test/16675
new file mode 100644
index 0000000000000000000000000000000000000000..9fd07fffbeaa5a0dfa16fb15ec74d89947b81c5e
--- /dev/null
+++ b/reuters/test/16675
@@ -0,0 +1,6 @@
+<THERA-CARE INC> TO ACQUIRE CUSHING
+  Thera-Care Inc said it agreed
+  to acquire Cushing and Associates of Glendale, Calif., in
+  exchange for 1,480,000 Thera-Care shares.
+  
+
diff --git a/reuters/test/16676 b/reuters/test/16676
new file mode 100644
index 0000000000000000000000000000000000000000..4aa7f39a5c58423a1c6392414a7c74cad5a25d51
--- /dev/null
+++ b/reuters/test/16676
@@ -0,0 +1,10 @@
+INTERCO <ISS> COMPLETES LANE<LANE> ACQUISITION
+  Interco Inc said its shareholders and
+  those of Lane Co approved a merger of the two companies at
+  special meetings.
+      As previously announced, Lane's shareholders will receive
+  1.5 shares of Interco common stock for each share of Lane stock
+  held.
+      Interco said the merger becomes effective April 14.
+  
+
diff --git a/reuters/test/16677 b/reuters/test/16677
new file mode 100644
index 0000000000000000000000000000000000000000..f1be33e9c8b87bf8e4ae8523c2f88ee5191c5e97
--- /dev/null
+++ b/reuters/test/16677
@@ -0,0 +1,22 @@
+HMO AMERICA <HMOA> AGREES TO BE ACQUIRED
+  HMO America Inc said it signed a letter
+  of intent with Mount Sinai Medical Center here and an
+  affiliate, providing that all of its common and preferred stock
+  be acquired by a new not-for-profit company to be controlled by
+  Mount Sinai and other Chicago area not-for-profit hospitals who
+  may elect to participate in the acquisition.
+      The form of the transaction has not yet been determined, it
+  said.
+      According to terms, HMO's shareholders would receive a
+  combination of cash and debt securities to be issued by the
+  buyer in exchange for their outstanding shares of common and
+  preferred stock, it said.
+      The amount of cash per share has not yet been determined,
+  it added.
+      Arrangements for financing have not yet been made and there
+  can be no assurance that any financing will be received, HMO
+  said.
+      Closing of the proposed transaction, if it is completed, is
+  expected on or before November 2, 1987, it said.
+  
+
diff --git a/reuters/test/16678 b/reuters/test/16678
new file mode 100644
index 0000000000000000000000000000000000000000..9c0cbd13cd74a68547b1a91abf15ebdb4662be6f
--- /dev/null
+++ b/reuters/test/16678
@@ -0,0 +1,6 @@
+EVEREST AND JENNINGS <EJ.A> QTLY DIVIDEND
+  Shr five cts vs five cts prior qtr
+      Pay May 15
+      Record April 22
+  
+
diff --git a/reuters/test/16679 b/reuters/test/16679
new file mode 100644
index 0000000000000000000000000000000000000000..e5b5a53ebf6b5d66b44a48fc3e3ef531403a1139
--- /dev/null
+++ b/reuters/test/16679
@@ -0,0 +1,6 @@
+PS GROUP INC <PSG> QTLY DIVIDEND
+  Shr 15 cts vs 15 cts prior qtr
+      Pay May 18
+      Record April 27
+  
+
diff --git a/reuters/test/16680 b/reuters/test/16680
new file mode 100644
index 0000000000000000000000000000000000000000..e5ee5def6a87de77069fd1b8ab66e3d979fe3b46
--- /dev/null
+++ b/reuters/test/16680
@@ -0,0 +1,73 @@
+DOME <DMP> BENEFITS FROM TAKEOVER SPECULATION
+  Shares of Dome Petroleum Ltd posted
+  their biggest gain in months in the U.S. and Canada as stock
+  markets foresaw a takeover tug-of-war beginning for the
+  debt-heavy company.
+      Dome rose 1/4 to 1-1/8 on the American Stock Exchange and
+  gained 31 cents to 1.44 Canadian dlrs on the Toronto Stock
+  Exchange, where it was the most active stock. It rose as high
+  as 1.50 dlrs in Toronto during the day. In recent months, Dome
+  has normally moved by only a few cents per day.
+      TransCanada PipeLines yesterday announced a 4.3 billion dlr
+  Canadian (3.22 billion U.S.) bid for all of Dome's assets, but
+  Dome, which is based in Calgary, Alberta, said it is also still
+  talking with two other companies, which it refuses to identify.
+      Market analysts today said the other two firms are believed
+  to be foreign oil companies, noting that TransCanada yesterday
+  stressed that its bid is "a Canadian solution to the financial
+  difficulties of Dome Petroleum."
+      "The talk is about Conoco, which is controlled by DuPont
+  <DD>, and Atlantic Richfield Co <ARC>, which sold its Canadian
+  interest in 1975 and could be getting back in," said Wilf Gobert
+  of Peters and Co Ltd.
+      David Bryson of Moss Lawson and Co also noted that British
+  Petroleum PLC <BP> is mentioned as a possible buyer, despite
+  BP's 70 U.S. dlr per share bid two weeks ago for the 45 percent
+  of Standard Oil Co <SRD> it does not already own.
+      Calgary-based independent analyst James Hamilton has said
+  in recent reports that Amoco Corp <AN> has also been in talks
+  with Dome.
+      Representatives of Atlantic Richfield, British Petroleum,
+  Conoco and Amoco were not immediately available for comment.
+      Gobert characterized the market action in Dome today as "awfully
+  optimistic," given TransCanada's offer to give current Dome
+  shareholders stock in a new subsidiary, which it valued at 1.10
+  dlrs Canadian per common share.
+      Under the offer, current Dome common and preferred
+  shareholders would own 20 pct of the new subsidiary, which
+  would own and operate all Dome's former assets. TransCanada
+  would own 80 pct.
+      However, Bryson said the market may be looking at the
+  potential for shares in a publicly-traded subsidiary. "The
+  TransCanada offer has quite a bit of upside potential for Dome,"
+  he said.
+      Gobert said he believes the TransCanada offer is "at the
+  upper end of what I thought somebody would pay for Dome."
+      The TransCanada proposal would pay Dome's creditors 3.87
+  billion Canadian dlrs (2.90 billion U.S. dlrs), with another
+  one billion Canadian dlrs (750 mln U.S. dlrs) available to
+  secured creditors if the Dome subsidiary earns profits above a
+  certain level. TransCanada would not detail the profit level.
+      Dome currently is seeking to restructure about six billion
+  Canadian dlrs (4.5 billion U.S. dlrs) in debt, which it took on
+  several years ago when oil prices were high and the company
+  wanted to expand.
+      "There has been speculation that Dome's assets are capable
+  of supporting debt of three to four billion dlrs, so on that
+  basis, the TransCanada offer would be at the upper end of that,"
+  Gobert said.
+      Dome's debt troubles have often obscured the fact that it
+  is a major player in the Canadian oil and gas field. It holds
+  reserves of about 176 mln barrels of crude oil and 3.9 billion
+  cubic feet of natural gas.
+      The company also owns or has an interest in 14.2 mln acres
+  of oil and gas exploration land in the province of Alberta, the
+  heart of Canada's oil industry.
+     Dome owns or has an interest in a total of 36.1 mln acres of
+  land across Canada.
+     The company also has tax credits of about 2.5 billion dlrs
+  Canadian (1.9 billion dlrs U.S.). It reported a 1986 loss of
+  2.2 billion dlrs (1.65 billion dlrs U.S.), believed to be the
+  largest ever by a Canadian company.
+  
+
diff --git a/reuters/test/16681 b/reuters/test/16681
new file mode 100644
index 0000000000000000000000000000000000000000..b87b8fdd4668641d15d92e0dac60ed7391a58238
--- /dev/null
+++ b/reuters/test/16681
@@ -0,0 +1,32 @@
+U.S. BILL AUCTION RATES AVERAGE 5.98, 6.08 PCT
+  The U.S. Treasury said its weekly
+  auction of three-month bills produced an average rate of 5.98
+  pct, with a 6.08 pct rate on six-month bills.
+      These rates compared with averages of 5.53 pct for the
+  three- and 5.63 pct for the six-month bills sold last week.
+      The bond-equivalent yield on three-month bills was 6.17
+  pct. Accepted bids ranges from 5.92 to 5.99 pct and 60 pct of
+  the bids at the high, or stopout rate, were taken. For six
+  months, the yield was 6.38 pct and the bids ranged from 5.98
+  pct to 6.10 pct with 48 pct of the bids accepted.
+      The Treasury said it received 25.99 billion dlrs of bids
+  for the three-month bills, including 1.2 billion dlrs in
+  non-competitive bids from the public. It accepted 6.6 billion
+  dlrs of bids, including 2.1 billion dlrs from the Federal
+  Reserve and 180 mln dlrs from foreign and international
+  monetary authorities.
+      Some 24.7 billion dlrs in bids for six-month bills were
+  received, including 832 mln dlrs in non-competitives. The
+  Treasury accepted 6.6 billion dlrs, including 1.8 billion dlrs
+  from the Fed and 1.2 billion dlrs from foreign and
+  international authorities.
+      The average price for the three-month bills was 98.488 and
+  prices ranged from 98.504 to 98.486.  The average price for the
+  six-months bills was 96.926, and prices ranged from 96.977 to
+  96.916.
+      The average yield on the three-month bills was the highest
+  since 5.99 pct on June 30, 1986.  The average yield on the
+  six-month bills was the highest since 6.13 pct on June 23,
+  1986.
+  
+
diff --git a/reuters/test/16684 b/reuters/test/16684
new file mode 100644
index 0000000000000000000000000000000000000000..a944690652439f586e4c73446da67b8433c4b07e
--- /dev/null
+++ b/reuters/test/16684
@@ -0,0 +1,14 @@
+GROUP RAISES COMPUTER MEMORIES <CMIN> STAKE
+  A shareholder group led by Far
+  Hills, N.J., investor Natalie Koether said it raised its stake
+  in Computer Memories Inc to 573,300 shares, or 5.1 pct of the
+  total outstanding, from 542,000 shares, or 4.8 pct.
+      In a filing with the Securities and Exchange Commission,
+  the group, which includes Sun Equities Corp, an investment
+  firm, said it bought a net 31,300 Computer Memories common
+  shares since March 31 at prices ranging from three to 3-5/16
+  dlrs a share for "capital appreciation."
+      The group had earlier abandoned plans to seek control of
+  the company and lowered its stake to less than five pct.
+  
+
diff --git a/reuters/test/16685 b/reuters/test/16685
new file mode 100644
index 0000000000000000000000000000000000000000..0d00713907faab7e3655388e7287ade18f8c5548
--- /dev/null
+++ b/reuters/test/16685
@@ -0,0 +1,12 @@
+HONG KONG FIRM HAS 5.1 PCT OF MCGILL <MGLL.O>
+  Industrial Equity (Pacific) Ltd told
+  the Securities and Exchange Commission it has acquired 72,600
+  shares of McGill Manufacturing Co Inc, or 5.1 pct of the total
+  outstanding common stock.
+      Industrial Equity, which is principally owned by Brierley
+  Investments Ltd, a publicly held New Zealand firm, said it
+  bought the stake for 2.3 mln dlrs for investment purposes.
+      It said it may add to its stake, or sell some or all of it,
+  but has no plans to seek control of the company.
+  
+
diff --git a/reuters/test/16687 b/reuters/test/16687
new file mode 100644
index 0000000000000000000000000000000000000000..a217672bea0f8cbd0c8e4acb4f1d8249f87b0726
--- /dev/null
+++ b/reuters/test/16687
@@ -0,0 +1,6 @@
+MONTGOMERY STREET INCOME <MTS> 1ST QTR NET
+  Shr 49 cts vs 50 cts
+      Net 3,922,533 vs 3,979,580
+      Note: Full name Montgomery Street Income Securities Inc.
+  
+
diff --git a/reuters/test/16688 b/reuters/test/16688
new file mode 100644
index 0000000000000000000000000000000000000000..a7d35223ae98cf3b1a1073d063f4273096869545
--- /dev/null
+++ b/reuters/test/16688
@@ -0,0 +1,15 @@
+NORTHAIR <NRM.TO> OPPOSING NORQUEST <NQRLF> BID
+  Northair Mines Ltd
+  said it would oppose Nor-Quest Resources Inc's earlier reported
+  proposed takeover bid "with every means at its disposal,"
+  saying "this attempt at a property grab is an insult to the
+  intelligence of our shareholders."
+      It said Nor-Quest's offer to swap one Nor-Quest share plus
+  one dlr for two Northair shares would seriously dilute
+  Northair's equity in its Willa mine in British Columbia.
+      "Our company is in sound financial position and production
+  financing can be readily arranged when required. We're not
+  looking for a partner and if we were, it certainly wouldn't be
+  these guys," Northair said.
+  
+
diff --git a/reuters/test/16695 b/reuters/test/16695
new file mode 100644
index 0000000000000000000000000000000000000000..df5b24926d26912481abbf84bfc0045fbd7d3cfe
--- /dev/null
+++ b/reuters/test/16695
@@ -0,0 +1,9 @@
+TEXAS AIR <TEX> UNIT COMPLETES SYSTEM SALE
+  Texas Air Corp's Eastern Airlines said it
+  completed its previously announced plan to sell its travel
+  agency automation system, SystemOne Direct Access Inc, and its
+  computer and communications support unit, EAL Automation
+  Systems Inc, to SystemOne Corp, a wholly-owned subsidiary of
+  Texas Air Corp.
+  
+
diff --git a/reuters/test/16698 b/reuters/test/16698
new file mode 100644
index 0000000000000000000000000000000000000000..0dc2034192ea2af2fac55ea225a59464e0ea25a9
--- /dev/null
+++ b/reuters/test/16698
@@ -0,0 +1,8 @@
+NCNB CORP <NCB> 1ST QTR NET
+  Shr 68 cts vs 68 cts
+      Net 53.9 mln vs 53.2 mln
+      Assets 26.5 billion vs 22.2 billion
+      Loans 15.7 billion vs vs 13.3 billion
+      Deposits 13.8 billion vs vs 11.6 billion
+  
+
diff --git a/reuters/test/16700 b/reuters/test/16700
new file mode 100644
index 0000000000000000000000000000000000000000..7dee4705166e97fbbc5e3cf2c03d20f5a0b7b0c8
--- /dev/null
+++ b/reuters/test/16700
@@ -0,0 +1,13 @@
+INVESTMENT FIRM HAS 5.3 PCT OF BLASIUS <BLAS.O>
+  Fidelity International Ltd, a
+  Bermuda-based investment advisory firm, and an affiliated
+  investment firm, American Values III N.V., said they have
+  acquired 208,000 share of Blasius Industries Inc.
+      In a filing with the Securities and Exchange Commission,
+  the group said it bought the stake, which amounts to 5.3 pct of
+  the total outstanding common stock, to acquire an equity
+  interest in the company for investment purposes.
+      The group said it may raise its stake or sell some or all
+  of it, and has no plans to seek control of the company.
+  
+
diff --git a/reuters/test/16705 b/reuters/test/16705
new file mode 100644
index 0000000000000000000000000000000000000000..a5feb53883d361bb4142522c7c12c08d67fcdcc9
--- /dev/null
+++ b/reuters/test/16705
@@ -0,0 +1,10 @@
+ISC SYSTEMS <ISCS.O> 3RD QTR MARCH 27 NET
+  Shr seven cts vs 24 cts
+      Net 1,114,000 vs 3,676,000
+      Revs 43.6 mln vs 41.2 mln
+      Nine mths
+      Shr 25 cts vs 64 cts
+      Net 3,952,000 vs 9,614,000
+      Revs 118.6 mln vs 119.9 mln
+  
+
diff --git a/reuters/test/16706 b/reuters/test/16706
new file mode 100644
index 0000000000000000000000000000000000000000..45156757a8006bfc995801d08d9e3012a885be45
--- /dev/null
+++ b/reuters/test/16706
@@ -0,0 +1,11 @@
+SLATER <SSI.A.TO> PLANS U.S. MODERNIZATION
+  Slater Industries Inc said it planned a
+  15 mln dlr modernization of its Slater Steels Corp Fort Wayne
+  specialty bar division in Indiana.
+      It said the modernization would involve replacement of the
+  existing bar mill with a high-speed, quick-change continuous
+  mill. The new facility will lower labor and mill costs and
+  enhance product quality and range, Slater said.
+      Completion date of the new mill was undisclosed.
+  
+
diff --git a/reuters/test/16707 b/reuters/test/16707
new file mode 100644
index 0000000000000000000000000000000000000000..deb849283606caae8517d076312df5391c1033e9
--- /dev/null
+++ b/reuters/test/16707
@@ -0,0 +1,10 @@
+ADAMS-RUSSELL <AAR> TO ACQUIRE CABLE SYSTEMS
+  Adams-Russell Co Inc said it
+  agreed to acquire cable television systems serving about 7,000
+  customers in New York State from Sammons Communications Inc for
+  undisclosed terms.
+      Adams-Russell said the systems operate in Wellsville,
+  Amity, Andover, Scio, Willing, Belmont, Milo, Jerusalem, Benton
+  and Penn Yan, N.Y.
+  
+
diff --git a/reuters/test/16708 b/reuters/test/16708
new file mode 100644
index 0000000000000000000000000000000000000000..10a0d635bfb41aa36f124e3844d8b1def7f8c8d0
--- /dev/null
+++ b/reuters/test/16708
@@ -0,0 +1,5 @@
+INDEPENDENT BANK CORP <IBCP.O> 1ST QTR NET
+  Shr 27 cts vs shr 18 cts
+      Net 477,000 vs 305,000
+  
+
diff --git a/reuters/test/16710 b/reuters/test/16710
new file mode 100644
index 0000000000000000000000000000000000000000..7e130a332640c5c9e87cb9a9bede1fedb184a91e
--- /dev/null
+++ b/reuters/test/16710
@@ -0,0 +1,14 @@
+GULF CANADA <GOC> ACQUIRES SUEZ OIL STAKE
+  Gulf Canada Corp said it
+  acquired a 25 pct working interest in the Gulf of Suez oil
+  concession for undisclosed terms.
+      The company said its agreement with operator Conoco
+  Hurghada Inc and Hispanoil covered the 168,374-acre East
+  Hurghada offshore concession. It said a 15.6 mln U.S. dlr
+  four-well program was planned for 1987.
+      After the acquisition, which is subject to Egyptian
+  government approval, working interests in the Hurghada block
+  will be Conoco Hurghada at 45 pct, Hispanoil 30 pct and Gulf
+  Canada the balance.
+  
+
diff --git a/reuters/test/16711 b/reuters/test/16711
new file mode 100644
index 0000000000000000000000000000000000000000..a9b7d2e3b75ebdaf28c5c00cf25013dfaa973896
--- /dev/null
+++ b/reuters/test/16711
@@ -0,0 +1,14 @@
+CONVERGENT TECHNOLOGIES <CVGT.O> SEES QTR LOSS
+  Convergent Technologies Inc
+  said it expects to report in the first quarter a loss more than
+  twice the size of the 4.8-mln-dlr loss reported in the fourth
+  quarter of 1986.
+      Convergent reported a first quarter 1986 profit of
+  2,100,000 dlrs, or five cts per share.
+      The company said results declined in the quarter both in
+  its traditional OEM business and its business systems group.
+      The anticipated loss reflects lower than expected operating
+  margins, start-up costs for new product manufacturing and
+  higher than planned expenses.
+  
+
diff --git a/reuters/test/16714 b/reuters/test/16714
new file mode 100644
index 0000000000000000000000000000000000000000..61dfdfa673f1290d88894c47be4a75767e6bf1b2
--- /dev/null
+++ b/reuters/test/16714
@@ -0,0 +1,9 @@
+INTERCO <ISS> SHAREHOLDERS APPROVE MERGER
+  INTERCO Inc said its
+  shareholders and shareholders of the Lane Co <LANE.O> approved
+  the merger of the two companies.
+      In the merger, Lane's stockholders will receive 1.5 shares
+  of INTERCO common stock for each outstanding share of Lane
+  common stock, INTERCO said.
+  
+
diff --git a/reuters/test/16715 b/reuters/test/16715
new file mode 100644
index 0000000000000000000000000000000000000000..24bba1ee05b21c716fb3261afaf287856bcc68a7
--- /dev/null
+++ b/reuters/test/16715
@@ -0,0 +1,6 @@
+JOHN H. HARLAND CO <JH> 1ST QTR NET
+  Shr 30 cts vs 25 cts
+      Net 10.5 mln vs 8,697,589
+      Revs 71.9 mln vs 64.9 mln
+  
+
diff --git a/reuters/test/16717 b/reuters/test/16717
new file mode 100644
index 0000000000000000000000000000000000000000..6a5fd7856edbc596a237b17d5e5ef31089c91b64
--- /dev/null
+++ b/reuters/test/16717
@@ -0,0 +1,8 @@
+<TRAVELERS REALTY INCOME INVESTORS> 1ST QTR NET
+  Shr 32 cts vs 38 cts
+      Qtrly div 35 cts vs 35 cts prior
+      Net 731,055 vs 865,117
+      NOTE: dividend payable May 20 to shareholders of record
+  April 24.
+  
+
diff --git a/reuters/test/16718 b/reuters/test/16718
new file mode 100644
index 0000000000000000000000000000000000000000..fcc6e67c7779110e60986829e764bea139d54efe
--- /dev/null
+++ b/reuters/test/16718
@@ -0,0 +1,13 @@
+DOTRONIX INC <DOTX.O> TO BUY <VIDEO MONITORS>
+  Dotronix Inc said it agreed
+  in principle to buy Video Monitors Inc, a privately-held
+  company.
+      In payment for the acquisition, Dotronix will issue 312,500
+  unregistered shares of its common stock, notes worth 1.8 mln
+  dlrs payable over three years, and about 70,000 dlrs in cash.
+      Dotronix said Video Monitors' sales for the fiscal year
+  ended April 30, 1986, were 7.6 mln dlrs. Dotronix had income of
+  659,663 dlrs on sales of 7.1 mln dlrs for the six months ended
+  Dec. 31, 1986, as previously reported.
+  
+
diff --git a/reuters/test/16719 b/reuters/test/16719
new file mode 100644
index 0000000000000000000000000000000000000000..4dde9f9ef19a78f0d0247c934e9bca3a7b614e15
--- /dev/null
+++ b/reuters/test/16719
@@ -0,0 +1,11 @@
+DEVELCON ELECTRONICS LTD <DLCFF> 2ND QTR LOSS
+  Period ended Feb 28
+      Shr loss 34 cts vs loss 58 cts
+      Net loss 1,252,000 vs 2,145,000
+      Revs 4,539,000 vs 3,504,000
+      SIX MTHS
+      Shr loss 66 cts vs loss 86 cts
+      Net loss 2,428,000 vs loss 3,163,000
+      Revs 9,033,000 vs 8,192,000
+  
+
diff --git a/reuters/test/16723 b/reuters/test/16723
new file mode 100644
index 0000000000000000000000000000000000000000..50a1a2742f067448a316b8d030f4a447303bb15f
--- /dev/null
+++ b/reuters/test/16723
@@ -0,0 +1,53 @@
+TEXACO FILING ADDS UNCERTAINTY IN OIL MARKET
+  U.S. oil traders said Texaco Inc's
+  filing for protection under the Chapter 11 bankruptcy code is
+  adding uncertainty to an already skittish oil market, but
+  opinions are divided on the impact to the market.
+      "The filing is holding up wet barrel trading today," said
+  one trader. "Everyone is talking about it, assessing their
+  company's situations in relation to Texaco," he added.
+       Some traders said companies that deal with Texaco are
+  concerned about whether they will receive payment or supplies
+  under the bankruptcy filing.
+      However, others were less worried. "The first paid will be
+  the trading community and those connected with Texaco in the
+  shipping industry," one New York trader said.
+      "If Texaco doesn't get crude supplies it can't run its
+  refineries, so its other assets would not be worth anything,"
+  he added.
+      Texaco filed for protection under Chapter 11 of the U.S.
+  bankruptcy code yesterday after failing to reach a settlement
+  with Pennzoil on an 11 billion dlrs court award for illegally
+  interferring with Pennzoil's proposed purchase of Getty Oil Co.
+      However, others were less worried. "The first paid will be
+  the trading community and those connected with Texaco in the
+  shipping industry," one New York trader said.
+      "If Texaco doesn't get crude supplies it can't run its
+  refineries, so its other assets would not be worth anything,"
+  he added.
+      Texaco filed for protection under Chapter 11 of the U.S.
+  bankruptcy code yesterday after failing to reach a settlement
+  with Pennzoil on an 11 billion dlrs court award for illegally
+  interferring with Pennzoil's proposed purchase of Getty Oil Co.
+      "There is some reluctance to trade with Texaco but no great
+  change," said another trader, adding that traders are tending
+  toward prudence in their dealings with the company.
+      Traders are assessing whether to require cash prepayment or
+  letters of credit, or to continue to trade as usual with Texaco
+  on an open line basis, he said.
+      Another trader, however, described today's activity as
+  business as usual, adding that traders feel more secure because
+  no liens can be put on Texaco's assets while it is in
+  bankruptcy.
+      Traders said there was no apparent effect of the Texaco
+  filing on crude futures trading although they said the exchange
+  might lower Texaco's position limit and require higher margins
+  for Texaco's trades.
+      New York Mercantile Exchange President Rosemary McFadden
+  declined to comment on Texaco's futures trading, saying that is
+  is proprietary information. McFadden did say, however, that as
+  a matter of procedure, it is possible the exchange can lower
+  allowable position limits or increase margin requirements for
+  companies that are in financial trouble.
+  
+
diff --git a/reuters/test/16725 b/reuters/test/16725
new file mode 100644
index 0000000000000000000000000000000000000000..82be4c9e4be8b07bac501e6b74257ecc4352b667
--- /dev/null
+++ b/reuters/test/16725
@@ -0,0 +1,8 @@
+VALLEY NATIONAL CORP <VNCP.O> 1ST QTR NET
+  Shr 1.18 dlrs vs 1.15 dlrs
+      Net 19.7 mln vs 19.3 mln
+      Assets 10.05 billion vs 9.62 billion
+      Deposits 8.56 billion vs 8.04 billion
+      Net loans 6.95 billion vs 6.71 billion
+  
+
diff --git a/reuters/test/16726 b/reuters/test/16726
new file mode 100644
index 0000000000000000000000000000000000000000..dcbe7b1c2e8508bd1d58ffe0fbc45a599954ca58
--- /dev/null
+++ b/reuters/test/16726
@@ -0,0 +1,6 @@
+OTTER TAIL POWER CO <OTTR.O> SETS DIVIDEND
+  Qtly dividend 73 cts vs 73 cts
+      Pay June 10
+      Record May 15
+  
+
diff --git a/reuters/test/16727 b/reuters/test/16727
new file mode 100644
index 0000000000000000000000000000000000000000..d51a6e8af1e9584a13aba7e738e4629f048efec9
--- /dev/null
+++ b/reuters/test/16727
@@ -0,0 +1,57 @@
+MERRILL TO GET 30 MLN DLR FEE IN BORG <BOR> DEAL
+  Merrill Lynch and Co Inc <MER>
+  subsidiary seeking to take over of Borg-Warner Corp said it
+  could realize a 30 mln dlr fee for its efforts, whether or not
+  the deal, which it values at 4.7 billion dlrs, succeeds.
+      In a filing with the Securities and Exchange Commission,
+  Merrill Lynch Capital Partners Inc said it would receive a 30
+  mln dlr fee from the surviving company for acting as dealer
+  manager of the merger after the Borg-Warner deal is completed.
+      But it said it could also receive a break-up fee of 30 mln
+  dlrs if the deal fails for reasons, which include another party
+  holding more than 40 pct of its stock or tendering for 50 pct.
+      The 30 mln dlr fee is among the highest set down in any
+  tender offer agreement, either in compensation for dealer
+  manager services or for break-up of the deal.
+      Merrill Lynch Capital Markets, backed by a group of
+  investors it organized, has launched a 48.50 dlr a share tender
+  offer for Borg-Warner for 90 pct of its stock.
+      The company's board has approved the plan, which was
+  intended to thwart an unsolicited offer from GAF Corp.
+      Borg-Warner also agreed to redeem all outstanding Series A
+  preferred shares and to pay off on all options at a 48.50 dlr a
+  share exercise price before the merger is effective, it said.
+      Merrill Lynch said its representatives discussed a possible
+  leveraged buyout with Borg-Warner as early as last December.
+      At that time, Merrill Lynch told the company it would
+  consider a 43 dlr a share tender offer in cash and securities,
+  if the Borg-Warner board approved, it said. On Feb 24, it said
+  it was told the company had decided against a buyout.
+      But talks were revived after GAF launched its 46 dlr a
+  share proposal on March 31, Merrill Lynch said.
+      Unlike its earlier proposal, Merrill Lynch said Borg-Warner
+  management was asked not to take part in the new deal and it
+  was conditioned upon payment of the fees.
+      In addition to its fees, Merrill Lynch said it will also
+  get up to 17 mln dlrs from Borg-Warner to cover its expenses in
+  the tender offer.
+      Merrill Lynch said it would continue operating Borg-Warner
+  as a subsidiary with its current officers keeping their
+  positions.
+      But for flexibility purposes, Merrill Lynch said it is
+  considering redistributing Borg-Warner's assets to a number of
+  subsdiaries of an entity it created to carry out the merger.
+      All in all Merrill Lynch estimated that there would be 130
+  mln dlrs in fees and expenses connected with the deal.
+      Another 250 mln dlrs will be needed to repay certain debt
+  of Borg-Warner, Merrill Lynch said.
+      To finance the deal, Merrill Lynch said it expects to
+  borrow 3.5 billion dlrs from a group of banks and sell 100 mln
+  dlrs of common stock of the new company, sell 100 mln dlrs of
+  non-voting preferred stock of the new company to Merrill Lynch
+  and Co, sell up to 650 mln dlrs of subordinated notes to
+  Merrill Lynch and Co and sell to the public 204 mln dlrs of
+  subordinated discount debentures.
+      GAF has raised its offer to 48 dlrs a share cash.
+  
+
diff --git a/reuters/test/16734 b/reuters/test/16734
new file mode 100644
index 0000000000000000000000000000000000000000..77aba388b0bb2c44babc2db27987ec925d1df4c4
--- /dev/null
+++ b/reuters/test/16734
@@ -0,0 +1,12 @@
+CHRYSLER <C> NON-PROFIT GROUP SELLS UNIT
+  Chrysler Corp's Chrysler Motors Corp
+  said its Chrysler Training Corp non-profit organization sold
+  the name and assets of its Motech Auto Mechanic and Body Shop
+  Schools to O/E Corp of Troy, Mich.
+      The sale price was not disclosed.
+      Under the Internal Revenue Service code, proceeds from the
+  sale of Motech must be donated to another tax-exempt nonprofit
+  organization. Chrysler did not reveal the name of the group
+  that received the proceeds.
+  
+
diff --git a/reuters/test/16735 b/reuters/test/16735
new file mode 100644
index 0000000000000000000000000000000000000000..589263716033756c61b01aac350d80fe2cdc0a90
--- /dev/null
+++ b/reuters/test/16735
@@ -0,0 +1,6 @@
+POTLATCH CORP <PCH> 1ST QTR NET
+  Shr 63 cts vs 47 cts
+      Net 16.8 mln vs 12.4 mln
+      Sales 248.6 mln vs 233.3 mln
+  
+
diff --git a/reuters/test/16737 b/reuters/test/16737
new file mode 100644
index 0000000000000000000000000000000000000000..cc4a10e7421a723a7bfdc4b697391ad1bc80226c
--- /dev/null
+++ b/reuters/test/16737
@@ -0,0 +1,13 @@
+DICEON ELECTRONICS <DICN.O> TO BUY SYMTRON CORP
+  Diceon Electronics Inc said it
+  has entered an agreement in principal to buy closely-held
+  Symtron Corp in a stock exchange transaction.
+      Under the pact, Diceon would exchange 300,000 shares of its
+  stock for all of Symtron's shares.
+      The acquisition, which is subject to board approval and a
+  definitive agreement, is expected to be concluded during May.
+      Diceon said Symtron management would continue running the
+  business, which would become a wholly-owned subsidiary.
+      Symtron had 1986 sales of about 20 mln dlrs.
+  
+
diff --git a/reuters/test/16739 b/reuters/test/16739
new file mode 100644
index 0000000000000000000000000000000000000000..41e07c9f17d01a3f646656a3bad2895f68008387
--- /dev/null
+++ b/reuters/test/16739
@@ -0,0 +1,27 @@
+ECUADOR SAYS WILL RESUME LIMITED OIL PRODUCTION
+  Ecuador will resume limited crude output
+  next week to fill up storage tanks as a first step to pump oil
+  to a Colombian pipeline on May one, the state Ecuadorean
+  Petroleum Corp (CEPE) said.
+      CEPE manager Carlos Romoleroux told reporters that Ecuador
+  would begin pumping an unspecified amount of crude in
+  northeastern jungle oilfields at the end of next week in
+  preparation to send the oil through a new pipeline link-up to
+  neighbouring Colombia.
+      Oil production in Ecuador was halted on March five when an
+  earthquake damaged the country's main pipeline from Lago Agrio,
+  at the heart of the Ecuadorean jungle oilfields, to the pacific
+  port of Balao.
+      It will take at least until the end of July to repair the
+  pipeline and return output to normal levels. The country was
+  pumping between 245,000 bpd and 250,000 bpd before the tremor.
+      To resume limited output in the meantime, Ecuador is
+  constructing a 26 mile pipeline linkup, capable of carrying
+  55,000 bpd, from Lago Agrio to Puerto Colon, the starting point
+  of Colombia's pipeline to the Pacific port of Tumaco.
+      The original target date to resume limited crude output was
+  May eight, the scheduled date for the inauguration of the Lago
+  Agrio to Puerto Colon pipeline, an energy ministry spokesman
+  said.
+  
+
diff --git a/reuters/test/16740 b/reuters/test/16740
new file mode 100644
index 0000000000000000000000000000000000000000..9d1d68242bf317f7da2021facc1dba9d908ff051
--- /dev/null
+++ b/reuters/test/16740
@@ -0,0 +1,21 @@
+NEW ZEALAND CPI RISES 2.3 PCT IN MARCH QUARTER
+  New Zealand's consumer price index,
+  CPI, which measures the rate of inflation, rose 2.3 pct in the
+  quarter ended March 31 against an 8.9 pct rise in the December
+  1986 quarter and a 2.3 pct rise in the March 1986 quarter, the
+  Statistics Department said.
+      For the 12 months ended March 1987 the CPI rose 18.3 pct
+  against 18.2 pct in 12 months ended December 1986 and 13.0 pct
+  in the 12 months ended March 1986, it said in a statement.
+      Nearly half the increase in the latest quarterly index was
+  contributed by the housing group, the department said.
+      The December quarter was significantly affected by the
+  introduction of a 10 pct value added goods and services tax,
+  GST, in October 1986, it added.
+      However, some GST charges not measured in the December 1986
+  quarter influenced the latest March quarterly figure, it said.
+      This is because of an unavoidable lag in price information,
+  particularly on housing, used cars and insurance on household
+  contents, it added.
+  
+
diff --git a/reuters/test/16743 b/reuters/test/16743
new file mode 100644
index 0000000000000000000000000000000000000000..d937aee1e5ae19ac13365d2ff973a0602b5be495
--- /dev/null
+++ b/reuters/test/16743
@@ -0,0 +1,5 @@
+Bank of Japan intervenes to support dollar after Tokyo opening, dealers
+
+  Bank of Japan intervenes to support dollar after Tokyo opening, dealers
+  
+
diff --git a/reuters/test/16744 b/reuters/test/16744
new file mode 100644
index 0000000000000000000000000000000000000000..f755757e86fb4f40d6f4cc15c9455702ea837b38
--- /dev/null
+++ b/reuters/test/16744
@@ -0,0 +1,9 @@
+BANK OF JAPAN INTERVENES IN TOKYO AFTER OPENING
+  The Bank of Japan intervened in Tokyo to
+  buy dollars just after the market opened, dealers said.
+      The dollar opened at 142.05 yen against 142.15/25 in New
+  York and 142.50 at the close here yesterday.
+      The bank stepped into the market amid selling pressure from
+  interbank dealers, dealers said.
+  
+
diff --git a/reuters/test/16745 b/reuters/test/16745
new file mode 100644
index 0000000000000000000000000000000000000000..0b270742cdee0f440b041ec992285afe7292ecba
--- /dev/null
+++ b/reuters/test/16745
@@ -0,0 +1,14 @@
+MIYAZAWA SEES EVENTUAL LOWER U.S. TRADE DEFICIT
+  Japanese Finance Minister Kiichi Miyazawa
+  told a press conference he expects the U.S. Trade deficit to
+  eventually start reflecting economic fundamentals, which should
+  influence exchange rates.
+      The minister was not referring to the U.S. Trade data to be
+  released in Washington later today.
+      Miyazawa also said he told major industrial nations when he
+  was in Washington last week that present exchange rates are not
+  necessarily good. He had said earlier in Washington that
+  current exchange rates were within levels implied in the
+  February Paris currency accord.
+  
+
diff --git a/reuters/test/16746 b/reuters/test/16746
new file mode 100644
index 0000000000000000000000000000000000000000..c22b7c1c10447ced2d942e1f8a84660337a490bd
--- /dev/null
+++ b/reuters/test/16746
@@ -0,0 +1,5 @@
+Japan March wholesale prices rise 0.2 pct (0.1 pct February drop) - official
+
+  Japan March wholesale prices rise 0.2 pct (0.1 pct February drop) - official
+  
+
diff --git a/reuters/test/16747 b/reuters/test/16747
new file mode 100644
index 0000000000000000000000000000000000000000..f35db4b3903529e6608ecee4194d03e32942271f
--- /dev/null
+++ b/reuters/test/16747
@@ -0,0 +1,25 @@
+NO TALKS SET ON PROPOSED JAPAN TELECOM MERGER
+  No formal talks have been scheduled yet
+  among companies involved in a controversial proposal to merge
+  two groups seeking to enter Japan's international
+  telecommunications sector, an official from one group said.
+      "Nothing has been firmed up yet," said an official at
+  <International Digital Communications Planning Inc> (IDC), one
+  of the groups set up last year to study competing against
+  <Kokusai Denshin Denwa Co Ltd>, which monopolises the sector.
+      Britain's Cable and Wireless Plc <CAWL.L>, which holds a 20
+  pct share in IDC, has opposed plans to merge with rival group,
+  <International Telecom Japan Inc>.
+      Under the plan, backed by the Post and Telecommunications
+  Ministry, Cable and Wireless and U.S.-based <Pacific Telesis
+  International Inc> would become core companies in the merged
+  firm, with shares equal to those of the six major Japanese core
+  companies and seats on the board of directors.
+      Britain, angry over what it feels are moves to restrict
+  Cable and Wireless' role in the sector, views the issue as a
+  test case. The IDC official declined to specify what was
+  holding up the talks.
+      A spokesman for C. Itoh and Co Ltd <CITT.T>, which holds 20
+  pct of IDC, said a meeting may be held later this week.
+  
+
diff --git a/reuters/test/16749 b/reuters/test/16749
new file mode 100644
index 0000000000000000000000000000000000000000..f63a143b93e7823fc93527931a87a15f850d8d7d
--- /dev/null
+++ b/reuters/test/16749
@@ -0,0 +1,14 @@
+HAITIAN CANE PLANTERS PROTEST SUGAR MILL CLOSURE
+  About 2,000 sugar cane planters
+  marched to Port-au-Prince to protest against the closure of
+  Haiti's largest sugar mill and second biggest employer.
+      The Haitian American Sugar Company closed on Friday because
+  of a huge surplus of unsold sugar. The firm said Haiti has been
+  flooded with smuggled refined and unrefined sugar from the
+  Dominican Republic and refined U.S. Sugar from Miami.
+      The closure idled 3,500 factory workers and left 30,000
+  small cane planters with no outlet for their cane. The
+  protesters blamed Finance Minister Lesly Delatour for the
+  closure, saying his policies have hurt Haitian businesses.
+  
+
diff --git a/reuters/test/16750 b/reuters/test/16750
new file mode 100644
index 0000000000000000000000000000000000000000..a0e252f7c986fa5bd3daee12efd0cdc6006e6fed
--- /dev/null
+++ b/reuters/test/16750
@@ -0,0 +1,13 @@
+CHINA TO OPEN FIRST PHASE OF LARGE ALUMINIUM PLANT
+  China, a major aluminium importer, will
+  open the first phase of its biggest aluminium plant on October
+  1, the China Daily said.
+      The first phase of the plant, located in Qinghai province,
+  will have an annual capacity of 100,000 tonnes of ingots, half
+  the capacity of the finished plant. It will turn out 4,000
+  tonnes in 1987, the paper said, but gave no more details.
+      Construction of the 510 mln yuan plant began in April 1984.
+      Customs figures show China imported 266,241 tonnes of
+  aluminium and alloy in 1986, down from 487,862 in 1985.
+  
+
diff --git a/reuters/test/16751 b/reuters/test/16751
new file mode 100644
index 0000000000000000000000000000000000000000..5f70c93b1f768948ab7858aafb250911ae2150e1
--- /dev/null
+++ b/reuters/test/16751
@@ -0,0 +1,10 @@
+TAIWAN IMPORTS 210,000 TONNES SOUTH AFRICAN MAIZE
+  Taiwan imported about 210,000 tonnes of
+  South African maize between January 1 and April 13, the joint
+  committee of local maize importers said.
+      Under a three-year agreement signed last year, South Africa
+  will export 600,000 tonnes of maize a year to Taiwan.
+      A committee spokesman told Reuters the rest of this year's
+  quota will be shipped during the rest of 1987.
+  
+
diff --git a/reuters/test/16752 b/reuters/test/16752
new file mode 100644
index 0000000000000000000000000000000000000000..8ef68e67de4f42c4a7853802a2e32b71abcb0be6
--- /dev/null
+++ b/reuters/test/16752
@@ -0,0 +1,21 @@
+TAIWAN LIKELY TO BUY MORE U.S. SOYBEANS
+  A 50 pct cut in the import tariff for
+  soybeans should help boost 1987 U.S. Soybean exports to Taiwan,
+  a spokesman for the joint committee of soybean importers told
+  Reuters.
+      He said the cut to 3.5 from seven pct was approved by the
+  cabinet yesterday and would go into effect within a week.
+      The cut will encourage local importers to increase 1987
+  soybean imports to 1.9 mln tonnes from 1.74 mln last year, he
+  said. The previous target for 1987 was 1.81 tonnes.
+      Taiwan imports more than 90 pct of its soybeans from the
+  U.S. And the rest from South America.
+      The spokesman said the increase in imports from the U.S. Is
+  in line with government efforts to reduce Taiwan's trade
+  surplus with Washington, which rose to 3.61 billion U.S. Dlrs
+  in the first quarter of 1987 from 2.78 billion a year ago.
+      "The tariff cut is very helpful for American suppliers (who
+  want) to boost their exports to Taiwan," Steve Chen, country
+  director of the American Soybean Association, told Reuters.
+  
+
diff --git a/reuters/test/16753 b/reuters/test/16753
new file mode 100644
index 0000000000000000000000000000000000000000..7341a648934b5b4ef4cfc81131426501fc468be3
--- /dev/null
+++ b/reuters/test/16753
@@ -0,0 +1,14 @@
+CHINA FACES EXTENDED SORGHUM SHORTAGE
+  China will be short of sorghum in 1987
+  for the sixth successive year because high production costs and
+  low profits discourage farmers from growing it, the China Daily
+  Business Weekly said.
+      It said sorghum output in calendar 1986 was 5.34 mln
+  tonnes, down five pct from the 1985 level, and prices on the
+  free market rose in January to 0.42 yuan per kg, up 14 pct on
+  January 1986.
+      It said sorghum acreage in 1987 is six pct lower than in
+  1986. Sorghum accounts for 40 pct of the raw materials needed
+  by China's breweries, it added but gave no more details.
+  
+
diff --git a/reuters/test/16754 b/reuters/test/16754
new file mode 100644
index 0000000000000000000000000000000000000000..9e4c5d11656f6402eec9e4d25f20ed5e935d40c6
--- /dev/null
+++ b/reuters/test/16754
@@ -0,0 +1,5 @@
+Bank of Japan intervening to support dollar against yen, dealers
+
+  Bank of Japan intervening to support dollar against yen, dealers
+  
+
diff --git a/reuters/test/16755 b/reuters/test/16755
new file mode 100644
index 0000000000000000000000000000000000000000..520ab2ba2e36f19b767d08df667285220b14fb81
--- /dev/null
+++ b/reuters/test/16755
@@ -0,0 +1,12 @@
+JAPAN MARCH MONEY SUPPLY RISES 9.0 PCT
+  Japan's broadly defined money supply
+  average of M-2 plus certificate of deposits (CD) rose a
+  preliminary 9.0 pct in March from a year earlier, compared with
+  an 8.8 pct rise in February, the Bank of Japan said.
+      The seasonally adjusted March average of M-2 plus CDs rose
+  0.8 pct from February when it rose an identical 0.8 pct from a
+  month earlier, it said.
+      Unadjusted M-2 plus CDs stood at an average 343,600 billion
+  yen in March compared with 336,015 billion in February.
+  
+
diff --git a/reuters/test/16759 b/reuters/test/16759
new file mode 100644
index 0000000000000000000000000000000000000000..c75eed488ef7bb3532af4ab71d2835d8f3b360b7
--- /dev/null
+++ b/reuters/test/16759
@@ -0,0 +1,56 @@
+SOUTH KOREA TO CHANGE POLICIES TO AVERT TRADE WAR
+  South Korea has decided on major changes
+  in its trade, investment and finance policies aimed at reducing
+  the growth of its balance of payments surplus and avoiding a
+  trade war with the United States, Deputy Prime Minister Kim
+  Mahn-je said.
+      Kim told reporters the excessively fast rise in exports
+  could make South Korea too reliant on exports, increase
+  nflation and produce trade friction. The policy shift, which
+  means abandoning Seoul's goal of rapidly reducing its foreign
+  debt, was worked out at a series of ministerial meetings.
+      Kim, who is also Economic Planning Minister, said the
+  current account surplus, previously expected to exceed eight
+  billion dlrs this year, would be held at about five billion
+  dlrs by increasing imports, accelerating market liberalisation
+  and rationalising exports.
+      He said Seoul would try to limit its current account
+  surplus to around five billion dlrs a year for the next few
+  years, although trade volume would continue to grow.
+      "This will gradually reduce the ratio of the surplus to GNP
+  (gross national product) from the current five pct level to
+  three pct by 1991," he added.
+      Koo Bon-yong, an aide to Kim, said South Korea's foreign
+  debt had been expected to fall below 40 billion dlrs by the end
+  of 1987, against the initial forecast of 41.8 billion, and 44.5
+  billion dlrs at end-1986.
+      "But now (with the policy changes) the debt is expected to
+  remain above 40 billion dlrs, although it could still be lower
+  than the originally projected 41.8 billion dlrs," he said.
+      The policy change was announced two days before the
+  scheduled arrival of U.S. Commerce Secretary Malcolm Baldrige
+  for talks with Trade Minister Rha Woong-bae.
+      South Korea is under U.S. Pressure to reduce its bilateral
+  trade surplus, which rose to 7.4 billion dlrs last year from
+  4.3 billion dlrs in 1985.
+      Kim said the policy changes were also prompted by the swing
+  in South Korea's current account to a surplus of 2.06 billion
+  dlrs in the first quarter of 1987 from a deficit of 438 mln
+  dlrs in the same 1986 period. First quarter 1987 exports rose
+  36 pct to 9.4 billion dlrs.
+      The government would make foreign currency loans worth 2.5
+  billion dlrs to firms willing to import capital goods, raw
+  materials and equipment, preferably from the U.S., He said.
+      "The foreign currency-based loans, which carry interest at
+  1.5 points above LIBOR (London Interbank Offered Rate), are
+  considerable incentives given to increase imports," Koo said.
+      Koo said the loans would be repayable in foreign currency.
+  "It means they could become interest-free loans if the Korean
+  currency continues to rise in value," he said.
+      He said the South Korean won would be revalued against the
+  dollar gradually, but added "We do not believe in rapid one-shot
+  changes in the value of the won."
+      The won, fixed at 839.70 to the dollar today, has risen six
+  pct against the dollar since the beginning of 1986.
+  
+
diff --git a/reuters/test/16761 b/reuters/test/16761
new file mode 100644
index 0000000000000000000000000000000000000000..f133b62e5519ce8c0498e072c90629bd85ea67a6
--- /dev/null
+++ b/reuters/test/16761
@@ -0,0 +1,10 @@
+BANK OF CHINA BUYS SHARE IN LUXEMBOURG COMPANY
+  State-owned Bank of China has bought a
+  three to five pct share of BAII Holding SA, a financial
+  institution registered in Luxembourg, the China Daily Business
+  Weekly said.
+      It said the institution is 50 pct owned by Arab interests
+  and has set up a wholly owned commercial banking branch in Hong
+  Kong but gave no more details.
+  
+
diff --git a/reuters/test/16762 b/reuters/test/16762
new file mode 100644
index 0000000000000000000000000000000000000000..b55608f9b96cd59ab2b4be1358943e8f9fb4c510
--- /dev/null
+++ b/reuters/test/16762
@@ -0,0 +1,12 @@
+SAUDI ARABIA WANTS TO INCREASE OIL SALES TO JAPAN
+  Saudi Arabia hopes to increase the volume
+  of its oil exports to Japan through expanding bilateral trade,
+  Saudi Arabian Interior Minister Naif bin Abdul-Aziz said.
+      He told a Tokyo reception his country hopes to raise crude
+  and products exports to Japan to earlier levels, but did not
+  elaborate. To promote trade, Saudi Arabia is inviting Japanese
+  industries to do business there, he said.
+      Japanese firms now have long-term contracts to import a
+  total of 150,000 barrels per day of Saudi crude.
+  
+
diff --git a/reuters/test/16763 b/reuters/test/16763
new file mode 100644
index 0000000000000000000000000000000000000000..1e8ac55918a0ed577e0e2a7560a790d42b0eeea1
--- /dev/null
+++ b/reuters/test/16763
@@ -0,0 +1,33 @@
+U.S. URGES JAPAN TO OPEN FARM MARKET FURTHER
+  U.S. Agriculture Secretary Richard Lyng
+  has asked Japan to open its farm market further to help
+  Washington cut its trade deficit and ease protectionist
+  pressures, an Agriculture Ministry official told reporters.
+      Hideo Maki, Director General of the ministry's Economic
+  Affairs Bureau, quoted Lyng as telling Agriculture Minister
+  Mutsuki Kato that the removal of import restrictions would help
+  Japan as well as the United States.
+      The meeting with Kato opened a 12-day visit to Japan by
+  Lyng, who is here to dicuss farm trade.
+      However, Maki quoted Kato as replying that Japan was
+  already the world's largest grain importer.
+      Kato added Japan is the largest customer for U.S. Grain and
+  depended on domestic output for only 53 pct of its food
+  requirements in 1985.
+      Lyng said the U.S. Put high priority on talks on 12 farm
+  products named in U.S. Complaints against Japan to the General
+  Agreement on Tariffs and Trade (GATT) last year, as well as on
+  beef, citrus products and rice.
+      Kato said Japan will maintain its current level of
+  self-sufficiency and will try not to produce surplus rice
+  because potential production is higher than domestic demand.
+      The world farm market suffers from surpluses because of
+  rising production by exporting countries, he added.
+      Lyng said the U.S. Has been trying to reduce farm product
+  output with expensive programs, Maki said.
+      Maki said the U.S. And Japan will hold detailed discussions
+  on each trade item as well as a new round of GATT trade talks
+  at a meeting on April 20, in which U.S. Trade Representative
+  Clayton Yeutter will join.
+  
+
diff --git a/reuters/test/16765 b/reuters/test/16765
new file mode 100644
index 0000000000000000000000000000000000000000..293dff256bcc9a597e54cc5f6172defafa087807
--- /dev/null
+++ b/reuters/test/16765
@@ -0,0 +1,21 @@
+60,000 TONNES CORN SMUGGLED INTO PHILIPPINES-PAPER
+  At least 60,000 tonnes of corn worth 240
+  mln pesos have been smuggled into the Philippines over the past
+  few months, the Manila Bulletin newspaper said, quoting an
+  official in the National Food Authority (NFA).
+      The official, who was not named, said a large corn shortage
+  and corruption among customs and Coast Guard personnel have
+  jeopardised the government's ban on corn imports, which was
+  aimed at saving foreign currency.
+      The newspaper quoted NFA Marketing Director Jig Tan as
+  saying monthly corn consumption stood at about 331,000 tonnes
+  against a national stock inventory of 191,732 tonnes.
+      Tan said a continuing drought affecting about 49,150
+  hectares of corn has led to the loss of 43,725 tonnes of corn
+  worth 174.9 mln pesos and contributed to the shortage.
+      The newspaper quoted Linda Geraldez, an NFA statistician,
+  as saying despite the drought and the shortage, the total
+  inventory at the end of the January/June crop season is
+  expected to be at least 201,000 tonnes.
+  
+
diff --git a/reuters/test/16766 b/reuters/test/16766
new file mode 100644
index 0000000000000000000000000000000000000000..836a433d5a1885f2cb9620e9af2cc73fc32eded8
--- /dev/null
+++ b/reuters/test/16766
@@ -0,0 +1,20 @@
+PAPER SAYS U.S. TRADE DEFICIT CUT TO 13.65 BILLION
+  The Washington Post said the U.S.
+  Commerce Department yesterday issued a new report showing that
+  the U.S. Merchandise trade deficit was 13.65 billion dollars in
+  February, a reduction of 1.4 billion dlrs from the 15.06
+  billion figure the department reported only two days earlier.
+      The newspaper said: "News of the unexpectedly large 15
+  billion deficit helped batter the dollar's value on foreign
+  exchange markets and boosted U.S. Interest rates.
+      "However, the new report went largely unnoticed by financial
+  markets since such a downward revision in the deficit is a
+  monthly occurrence."
+      The Washington Post said: "By law, the department must first
+  publish what a top commerce official agreed are misleading
+  trade figures and then wait 48 hours before putting out the
+  more accurate ones."
+      No one was immediately available at the Commerce Department
+  for comment on the Washington Post report.
+  
+
diff --git a/reuters/test/16767 b/reuters/test/16767
new file mode 100644
index 0000000000000000000000000000000000000000..768c198df602a03fe55de79de1ceebeb1cf4c533
--- /dev/null
+++ b/reuters/test/16767
@@ -0,0 +1,11 @@
+SOUTH KOREA'S LEADING INDICATORS RISE IN FEBRUARY
+  South Korea's index of leading indicators
+  rose 1.9 pct to 172.9 (base 1980) in February after a 0.8 pct
+  rise in January, to stand 17.2 pct higher than in Feburary
+  1986, provisional Economic Planning Board figures show.
+      The index is based on 10 indicators which include export
+  values, letters of credit received, warehouse stocks, M-1 and
+  M-3 money supply figures and the composite stock exchange
+  index.
+  
+
diff --git a/reuters/test/16770 b/reuters/test/16770
new file mode 100644
index 0000000000000000000000000000000000000000..3e5be7674f13a11158f9c1adbb796256eb2dcd21
--- /dev/null
+++ b/reuters/test/16770
@@ -0,0 +1,17 @@
+JAPAN'S LDP TO CALL FOR FLEXIBLE MONETARY POLICIES
+  Japan's ruling Liberal Democratic Party
+  (LDP) will call for adequate and flexible management of the
+  nation's monetary polices in its plan to expand domestic
+  demand, a senior LDP official told Reuters.
+      Junichiro Koizumi, the head of the LDP committee working
+  out the plan, said the phrase should not be taken as implying
+  an immediate cut in Japan's 2.5 pct discount rate.
+      "The LDP generally believes that there is no need for a
+  further discount rate cut at the moment," he said. But Koizumi
+  said the LDP does not rule out a rate cut if necessary in the
+  future.
+      Bank of Japan Governor Satoshi Sumita told a press
+  conference on Wednesday that the central bank does not have any
+  intention of easing credit conditions.
+  
+
diff --git a/reuters/test/16772 b/reuters/test/16772
new file mode 100644
index 0000000000000000000000000000000000000000..ede0c448d26aa9756f90de34bdab1ff54d1499a7
--- /dev/null
+++ b/reuters/test/16772
@@ -0,0 +1,14 @@
+INDIA'S ANNUAL INFLATION RATE DROPS MARGINALLY
+  The Finance Ministry said India's
+  wholesale-price linked inflation rate dropped marginally to 5.3
+  pct in all fiscal 1986/87 ended March from 5.8 pct in 1985/86
+  and 7.1 pct in 1984/85.
+      The average wholesale-price related inflation stood at 5.2
+  pct in March this year against 5.1 pct a year ago, the Ministry
+  said in a statement.
+      It said wholesale prices of cement, textiles and jute fell
+  in 1986/87, compared with the previous year, but milk, cereals
+  (mainly wheat and rice), fruits and vegetables, edible oils,
+  tobacco and fertilisers were costlier in 1986/87.
+  
+
diff --git a/reuters/test/16774 b/reuters/test/16774
new file mode 100644
index 0000000000000000000000000000000000000000..31c478bb534438115be47b2d548b63b79cd1a510
--- /dev/null
+++ b/reuters/test/16774
@@ -0,0 +1,33 @@
+JAPAN DETAILS PLAN TO STAVE OFF TRADE PROBLEMS
+  Japan's Liberal Democratic Party (LDP)
+  has drawn up a detailed plan calling for large tax cuts and an
+  increase in government purchases of foreign goods, the head of
+  the committee working out the plan, Junichiro Koizumi, said.
+      The plan will also urge the government to double 1985's
+  official development assistance to 7.6 billion dlrs within five
+  years instead of seven as the government had promised, senior
+  LDP officials said at a press conference.
+      LDP executive council chairman Shintaro Abe will explain
+  the plan to U.S. Officials when he visits the U.S. On April 19.
+      Abe's visit is to prepare for Prime Minister Yasuhiro
+  Nakasone's talks with President Ronald Reagan later this month.
+      Koizumi said the LDP plan will not specify the size of the
+  tax cut or the amount of domestic demand to be stimulated.
+  However, top LDP executives will work out figures so that Abe
+  will be able to offer specifics to U.S. Officials.
+      The proposed increase in procurement of foreign goods by
+  the government will probably include the purchase of super
+  computers, LDP officials said.
+  
+  specific trade problems with other nations and will encourage
+  flows of funds to developing countries, the officials said.
+      The LDP expects the measures to prop up the economy and
+  lessen trade problems with the U.S., They added.
+      The basic ideas of the LDP's plan were presented to and
+  welcomed by monetary authorities of the major industrial
+  nations in Washington last week, they said.
+      The LDP plan will form the basis for the last of several
+  packages to stimulate Japanese domestic demand and will be
+  unveiled by the government in late May.
+  
+
diff --git a/reuters/test/16775 b/reuters/test/16775
new file mode 100644
index 0000000000000000000000000000000000000000..b4da15a3290deee74db3a32ccd4206e394ebc4eb
--- /dev/null
+++ b/reuters/test/16775
@@ -0,0 +1,26 @@
+CHINA TRADE DEFICIT FALLS SHARPLY, RESERVES RISE
+  China's trade deficit in the first
+  quarter fell to 1.05 billion dlrs from 3.04 billion in the same
+  1986 period, customs figures show.
+      Zhang Zhongji, spokesman of the State Statistical Bureau,
+  quoted the figures as showing exports rose 27 pct to 7.28
+  billion dlrs and imports fell 5.1 pct to 8.33 billion.
+      He said if imports of gifts, foreign aid items and
+  materials for joint ventures are excluded, the deficit was only
+  350 mln dlrs, and the surplus on invisibles was 700 mln. As a
+  result, foreign exchange reserves increased somewhat from their
+  level at end-1986, he said, but gave no figure.
+      Official figures show the reserves at 10.514 billion dlrs
+  at end-1986, down from 11.9 billion at end-1985.
+      Zhang said one reason for the rise in exports was improved
+  incentives to export firms, which are being allowed to retain
+  more foreign exchange from the goods they sell.
+      He said first quarter exports to Hong Kong and Macao rose
+  35.5 pct to 2.48 billion dlrs and imports rose 55.3 pct to 1.46
+  billion. Exports to Japan fell 2.3 pct to 1.28 billion and
+  imports 24.4 pct to 2.14 billion.
+      Exports to the U.S. Rose 23 pct to 640 mln dlrs and imports
+  fell 26.7 pct to 840 mln. Exports to the EEC rose 35.1 pct to
+  770 mln dlrs and imports fell 3.8 pct to 1.5 billion, he said.
+  
+
diff --git a/reuters/test/16776 b/reuters/test/16776
new file mode 100644
index 0000000000000000000000000000000000000000..025d30b2ea8b24da032d3d2270bf21cfc739b0df
--- /dev/null
+++ b/reuters/test/16776
@@ -0,0 +1,13 @@
+THAI VENTURE WILL SELL RUBBER TO CHINA
+  Teck Soon Co Ltd, a major Thai rubber
+  exporter has formed a joint venture with state-owned Chinese
+  International Economic and Technology Development Corp to
+  produce 50,000 tonnes of sheet rubber annually for export to
+  the Chinese auto industry, Teck Soon general manager Chit
+  Surivitchpan said.
+      Chit said a new joint venture company will have a
+  registered capital of four mln dlrs.
+      China imported 69,952 tonnes of Thai sheet rubber last year
+  and 60,296 tonnes in 1985.
+  
+
diff --git a/reuters/test/16777 b/reuters/test/16777
new file mode 100644
index 0000000000000000000000000000000000000000..28ca4250eeb2c4fbdbf09aff30ca0ee63d671407
--- /dev/null
+++ b/reuters/test/16777
@@ -0,0 +1,65 @@
+JAPAN FARM REFORM A KEY TO TRIMMING TRADE SURPLUS
+  Basic reform of Japan's protected farm
+  sector is a key to shifting its economy away from export to
+  domestic-led growth, a vital step if it is to trim its trade
+  surplus, securities analysts said.
+      The farm sector, which is protected by import tariffs and
+  quotas, propped up by subsidies and price supports, and
+  sheltered by the tax system, has ample room for change, they
+  said.
+      "In economic terms, reform would be a plus," said Christopher
+  Chew of brokerage firm James Capel and Co.
+      The ultimate cost of the existing system is food prices
+  twice those in Europe and two to three times those in the U.S.,
+  The analysts said.
+      Spending on food accounts for about one quarter of the
+  average household's budget and roughly 10 pct of the gross
+  national product (GNP), according to a study by Chew.
+      Reducing these prices could increase household spending
+  power by five pct, his study said. The money could be spent on
+  products which would have a more direct impact in boosting
+  domestic growth, it added.
+      "There's a lot of slack," a U.S. Government official in Tokyo
+  said. "All that money could be spent on something else."
+      Direct central government subsidies to the farm sector
+  amount to some five billion dlrs per year. Independent
+  estimates put total subsidies from all sources as high as 37
+  billion and the analysts said much of that money is wasted.
+      Changing tax laws to encourage city residents who only farm
+  on weekends to put their land up for sale for residential
+  development would also give a boost to domestic spending,
+  economists said.
+      "Housing construction is the key strategic variable in the
+  expansion of domestic demand," wrote Chihiro Nakajima, professor
+  at Kyoto Gakuen University.
+      Japanese business groups are calling for staged farm reform
+  to shift some of the burden of trade friction and economic
+  restructuring away from the manufacturing sector and onto the
+  farm sector. Employers groups also want change. "If you really
+  want to expand domestic demand, the way to do it is not to
+  raise wages recklessly, but to reduce commodity prices," Bumpei
+  Otsuki, President of the Japan Federation of Employers'
+  Associations told a recent press conference.
+      External pressures are rising as the U.S. And Europe seek
+  removal of tariffs and quotas to help reduce their trade
+  deficits with Japan.
+      But vested Japanese interests opposed to change remain well
+  entrenched, dimming prospects for quick reform, analysts said.
+      Although the full-time farm population is falling and there
+  are signs the LDP is paying more attention to urban
+  constituencies, the ruling party remains heavily dependent on
+  farm votes in the rural areas. One rural vote is worth several
+  city votes due to the pattern of constituency borders.
+      The LDP is already in political trouble over its tax reform
+  plan and does not want to raise another sticky issue so soon,
+  the analysts said.
+      Consumer groups are politically weak and tend to accept the
+  traditional view that higher prices are a small fee to pay for
+  national food security, they said.
+      Powerful agricultural cooperatives are fiercely opposed to
+  import liberalisation, but are more flexible about reforms
+  aimed at stepping up productivity, they said.
+      Reform, when it comes, will be in response to specific
+  pressure rather than an all-embracing program, said Chew.
+  
+
diff --git a/reuters/test/16779 b/reuters/test/16779
new file mode 100644
index 0000000000000000000000000000000000000000..791477060469a6e6640078abce6bb7b6f0ea5cc9
--- /dev/null
+++ b/reuters/test/16779
@@ -0,0 +1,14 @@
+JAPAN SEES HIGHER MONEY SUPPLY GROWTH THIS QUARTER
+  The Bank of Japan said it forecast
+  Japan's broadly-defined M-2 money supply average plus
+  certificates of deposit (CDs) will rise by about nine pct in
+  the current April-June quarter against 8.5 pct a year earlier.
+      Unadjusted M-2 plus CDs rose a preliminary 8.8 pct in
+  January/March 1987 compared with a nine pct rise a year
+  earlier, it said.
+      The bank said the forecast rise is due to an increase in
+  floating deposits due to recent low interest rates and a shift
+  to private banks from the Bank of Japan of 400-1,000 billion
+  yen by the recently privatised Japanese Railways.
+  
+
diff --git a/reuters/test/16783 b/reuters/test/16783
new file mode 100644
index 0000000000000000000000000000000000000000..d6f8bd1077e8891b7c88e0d88608393d2c12c905
--- /dev/null
+++ b/reuters/test/16783
@@ -0,0 +1,25 @@
+OECD CONSUMER PRICES RISE IN FEBRUARY
+  Consumer prices in the countries of the
+  Organisation for Economic Cooperation and Development (OECD)
+  rose 0.3 pct in February and inflation rose to 2.4 pct
+  year-on-year, the OECD said in a communique.
+      The OECD attributed the rise in consumer prices to the
+  effects of the February 1986 drop in energy prices working
+  their way out of the index. The February increase was less than
+  Janauary's 0.4 pct increase but slightly above the average for
+  the later months of 1986.
+      Inflation in the 24 western industrialised nations in
+  January was a revised 1.9 pct year-on-year. 
+      Retail energy prices rose by 0.3 pct, less than January's
+  1.1 pct increase. Energy prices for consumers were still nine
+  pct lower than a year earlier, it said.
+      Consumer prices excluding food and energy rose 0.3 pct in
+  February, in line with previous months, although there has been
+  some acceleration noticeable in the U.S. And Britain.
+      Among the leading seven industrial countries, consumer
+  price inflation was highest in Italy at 4.2 pct, followed by
+  Canada at 4.0 pct, Britain at 3.9 pct, France at 3.4 pct, the
+  U.S. At 2.1 pct and West Germany and Japan with negative rates
+  of 0.5 pct and 1.4 pct respectively.
+  
+
diff --git a/reuters/test/16784 b/reuters/test/16784
new file mode 100644
index 0000000000000000000000000000000000000000..ca07cf0d4279f7dea3d17da571eac8d787f6085e
--- /dev/null
+++ b/reuters/test/16784
@@ -0,0 +1,54 @@
+LYNG OPENS JAPAN TALKS ON FARM TRADE BARRIERS
+  U.S. Agriculture Secretary Richard Lyng
+  opens talks with Japanese government officials today well aware
+  his demand for the opening of Japanese rice, beef and citrus
+  markets is likely to be rejected.
+       But in an interview with Reuters during the flight to
+  Tokyo yesterday, Lyng said the goal of his trip was to throw an
+  international spotlight on Japan's agricultural import
+  protection in the hope pressure would build on Tokyo to open
+  its markets.
+      "(The Japanese) have said they are happy we are coming, but
+  they are not going to give us anything," Lyng said.
+      U.S. Officials do not expect any Japanese concessions
+  during Lyng's two-week visit here. Any farm trade concessions
+  would be unveiled later this month, they said.
+      "If there is anything of consequence to offer (Prime
+  Minister Yasuhiro) Nakasone would take it with him," when he
+  visits Washington later in the month, one U.S. Official said.
+      Lyng plans to ask Japan to open the door to rice imports by
+  partially lifting the longstanding ban on foreign purchases.
+      A private U.S. Rice trader visited Tokyo last week
+  requesting Japan buy 200,000 tonnes of rice for industrial uses
+  such as making sake. Japan has rejected the overture, saying
+  Tokyo maintains a policy of self-sufficiency in rice.
+      Lyng will also press Japan to eliminate an import quota for
+  beef by April 1988 because he believes Japanese consumers would
+  like to buy much more beef than currently allowed.
+      He cited the example of a California company which
+  transports live U.S. Cattle to Japan by air for slaughter to
+  circumvent the beef quota. The cost of transport is higher than
+  the value of the animal, he said.
+      U.S. Officials said the Japan Livestock Industry Promotion
+  Corporation which regulates beef imports, was forced to borrow
+  from the fiscal 1987 quota earlier this year because the 1986
+  quota was exhausted and Japanese beef prices were rising. Japan
+  has said it cannot open its markets to beef imports.
+      Along with beef, the U.S. Will also press Japan to
+  eliminate import quotas on fresh oranges and orange juice by
+  April, 1988. Some U.S. Officials believe Japan may eventually
+  be willing to scrap the quota on fresh oranges because
+  liberalized trade would not necessarily damage the Japanese
+  mandarin orange industry.
+      The quota on juice may be harder to eliminate because
+  imports might replace domestic produced juice, U.S. And
+  Japanese officials have said.
+     Lyng has resurrected a past U.S. Proposal that Japan buy
+  surplus U.S. Foodgrains for donation to developing countries,
+  but some U.S. Officials are skeptical action will be taken.
+     Lyng will also urge Japan to put its domestic farm policies,
+  including rice, on the negotiating table during GATT talks in
+  Geneva. He said Japan must eliminate import quotas on certain
+  minor food products or face possible U.S. Reprisals.
+  
+
diff --git a/reuters/test/16787 b/reuters/test/16787
new file mode 100644
index 0000000000000000000000000000000000000000..bb9acae083d2a1d7fb5d841db855496f4c476a79
--- /dev/null
+++ b/reuters/test/16787
@@ -0,0 +1,33 @@
+JAPAN DETAILS PLAN TO STAVE OFF TRADE PROBLEMS
+  Japan's Liberal Democratic Party (LDP)
+  has drawn up a detailed plan calling for large tax cuts and an
+  increase in government purchases of foreign goods, the head of
+  the committee working out the plan, Junichiro Koizumi, said.
+      The plan will also urge the government to double 1985's
+  official development assistance to 7.6 billion dlrs within five
+  years instead of seven as the government had promised, senior
+  LDP officials said at a press conference.
+      LDP executive council chairman Shintaro Abe will explain
+  the plan to U.S. Officials when he visits the U.S. On April 19.
+      Abe's visit is to prepare for Prime Minister Yasuhiro
+  Nakasone's talks with President Ronald Reagan later this month.
+      Koizumi said the LDP plan will not specify the size of the
+  tax cut or the amount of domestic demand to be stimulated.
+  However, top LDP executives will work out figures so that Abe
+  will be able to offer specifics to U.S. Officials.
+      The proposed increase in procurement of foreign goods by
+  the government will probably include the purchase of super
+  computers, LDP officials said.
+      According to the plan, Japan will also strive to solve
+  specific trade problems with other nations and will encourage
+  flows of funds to developing countries, the officials said.
+      The LDP expects the measures to prop up the economy and
+  lessen trade problems with the U.S., They added.
+      The basic ideas of the LDP's plan were presented to and
+  welcomed by monetary authorities of the major industrial
+  nations in Washington last week, they said.
+      The LDP plan will form the basis for the last of several
+  packages to stimulate Japanese domestic demand and will be
+  unveiled by the government in late May.
+  
+
diff --git a/reuters/test/16788 b/reuters/test/16788
new file mode 100644
index 0000000000000000000000000000000000000000..065e16e2d1a4684f8ea4462f5e98f4c7244faeab
--- /dev/null
+++ b/reuters/test/16788
@@ -0,0 +1,33 @@
+BALDRIGE TO LAUNCH FAR EAST TRADE DRIVE
+  U.S. Commerce Secretary Malcolm
+  Baldrige leaves on Saturday on a 10-day trip to the Far East to
+  help spur U.S. Trade and improve business relations with China,
+  South Korea and the Philippines, U.S. Officials say.
+      Baldrige will also stop in Hong Kong to meet British
+  officials and local U.S. And Hong Kong businessmen.
+      The U.S. Last year had major deficits with three of its
+  Asian trading partners -- South Korea 7.1 billion dlrs, Hong
+  Kong 6.4 billion and China 2.1 billion. The deficit with the
+  Philippines was 800 mln dlrs.
+      Baldrige will meet South Korean President Chun Doo-hwan and
+  Trade Minister Rha Woong Bae on Monday to discuss opening South
+  Korean markets to more U.S. Goods.
+      Baldrige will be in Peking from April 21 to 24. He will
+  meet Zheng Tuobin, minister for foreign economic relations and
+  trade, attend a meeting of the U.S.-China Joint Commission on
+  Commerce and Trade and address a management and training
+  organisation.
+      However, U.S. Officials said a chief purpose of Baldrige's
+  visit would be to discuss relaxed U.S. Rules for transferring
+  modern technology to Chinese industries.
+      In Hong Kong, Baldrige will hold meetings on April 27 with
+  Governor David Wilson and Trade and Industry Secretary Eric Ho,
+  as well as addressing the American Chamber of Commerce.
+      U.S. Officials said Baldrige will meet Philippines
+  President Corazon Aquino on April 28 to show continued U.S.
+  Support for her government and to discuss steps it could take
+  to improve the atmosphere for American investment.
+      He will also will meet Finance Secretary Jaime Ongpin and
+  Trade and Industry Secretary Jose Concepcion.
+  
+
diff --git a/reuters/test/16790 b/reuters/test/16790
new file mode 100644
index 0000000000000000000000000000000000000000..1e8ac55918a0ed577e0e2a7560a790d42b0eeea1
--- /dev/null
+++ b/reuters/test/16790
@@ -0,0 +1,33 @@
+U.S. URGES JAPAN TO OPEN FARM MARKET FURTHER
+  U.S. Agriculture Secretary Richard Lyng
+  has asked Japan to open its farm market further to help
+  Washington cut its trade deficit and ease protectionist
+  pressures, an Agriculture Ministry official told reporters.
+      Hideo Maki, Director General of the ministry's Economic
+  Affairs Bureau, quoted Lyng as telling Agriculture Minister
+  Mutsuki Kato that the removal of import restrictions would help
+  Japan as well as the United States.
+      The meeting with Kato opened a 12-day visit to Japan by
+  Lyng, who is here to dicuss farm trade.
+      However, Maki quoted Kato as replying that Japan was
+  already the world's largest grain importer.
+      Kato added Japan is the largest customer for U.S. Grain and
+  depended on domestic output for only 53 pct of its food
+  requirements in 1985.
+      Lyng said the U.S. Put high priority on talks on 12 farm
+  products named in U.S. Complaints against Japan to the General
+  Agreement on Tariffs and Trade (GATT) last year, as well as on
+  beef, citrus products and rice.
+      Kato said Japan will maintain its current level of
+  self-sufficiency and will try not to produce surplus rice
+  because potential production is higher than domestic demand.
+      The world farm market suffers from surpluses because of
+  rising production by exporting countries, he added.
+      Lyng said the U.S. Has been trying to reduce farm product
+  output with expensive programs, Maki said.
+      Maki said the U.S. And Japan will hold detailed discussions
+  on each trade item as well as a new round of GATT trade talks
+  at a meeting on April 20, in which U.S. Trade Representative
+  Clayton Yeutter will join.
+  
+
diff --git a/reuters/test/16792 b/reuters/test/16792
new file mode 100644
index 0000000000000000000000000000000000000000..15e51aa63d57770501182f4bdd388087878135b7
--- /dev/null
+++ b/reuters/test/16792
@@ -0,0 +1,12 @@
+FEDERATED GUARANTY <FDGC.O> SETS STOCK SPLIT
+  Federated Guaranty corp said
+  its board declared a two-for-one stock split and raised the
+  quarterly dividend to 6-1/2 cts per share post-split from six
+  cts, both payable June One, record May 15.
+      The company said shareholders at the annual meeting
+  approved an increase in authorized common shares to 19 mln from
+  10 mln and a name change to Alfa Corp.  It said the name change
+  should take effect next week, along with a NASDAQ ticker symbol
+  change to <ALFA.O>.
+  
+
diff --git a/reuters/test/16794 b/reuters/test/16794
new file mode 100644
index 0000000000000000000000000000000000000000..e4e3ca162a31f4cfe81dbb90ce62f46ebde115ae
--- /dev/null
+++ b/reuters/test/16794
@@ -0,0 +1,54 @@
+REAGAN TO ANNOUNCE DECISION ON JAPAN SANCTIONS
+  President Reagan today is to
+  announce a decision on tough new tariffs on Japanese exports to
+  retaliate for what he calls Japan's failure to end its unfair
+  practices in semiconductor trade.
+      The 100 pct tariffs are to be imposed on 300 mln dlrs of
+  Japanese goods recommended for curbs by a special panel of
+  experts headed by the U.S. Trade Representative's Office.
+      Reagan announced last March 27 he would impose the tariffs
+  on certain goods taken from a list that ranged from computors
+  and television sets to power tools and photographic film.
+      The panel this week winnowed through the list of the some
+  20 products and sent their recommendations yesterday to Santa
+  Barbara, where Reagan is vacationing.
+      In his March annoucement, Reagan said "I am committed to
+  full enforcement of our trade agreements designed to provide
+  American industry with free and fair trade opportunities."
+      He added the tariffs would be lifted once Japan honored the
+  pact it signed last year to end dumping semiconductors in world
+  markets and opened its home market to U.S. products.
+      U.S. officials said Japan had done nothing since the March
+  announcement to alter Reagan's plan to invoke the sanctions.
+      White House spokesman Marlin Fitzwater said yesterday:  "we
+  do not want a trade war, but we feel that this is the kind of
+  action that requires meaningful action."
+      Reagan's move follows steadily rising U.S. trade deicits,
+  with last year's hitting a record $169.8 billion.
+      About one-third of the deficit is in trade with Japan.
+      Congress is weighing a trade bill to force the president to
+  retaliate in certain cases of unfair trade practices.
+      He has opposed the legislation, saying it would prevent
+  negotiated solutions to trade disputes and, in any case, that
+  existing law was adqeuate to end unfair trade practices.
+      Trade experts say his tough action against the Japanese was
+  as much to penalize the Japanese as to show Congress he did not
+  need any new trade legislation.
+      The Japanese have complained that they have been honoring
+  the semiconductor pact, but that it would take time before the
+  results showed up.
+      U.S. officials, however, have said their monitoring of
+  Japanese semiconductor shipments to East Asian countries and
+  Western Europe showed no letup in the dumping and that the
+  Japanese home markets remained shut to American exports.
+      Japan has said that if Reagan imposed the tariffs, it would
+  file a complaint with the General Agreement on Tariff and Trade
+  (GATT).
+      It said hoped GATT would find the U.S. retaliation had
+  violated the regulations of the global trading group and would
+  approve compensation or Japanese retaliation.
+      U.S. officials have said they did not think Japan would
+  retaliate because it had too much to lose in any trade war with
+  the United States.
+  
+
diff --git a/reuters/test/16795 b/reuters/test/16795
new file mode 100644
index 0000000000000000000000000000000000000000..2d80d70c31c6e2c7e5c0bcc3051624a8474a41a3
--- /dev/null
+++ b/reuters/test/16795
@@ -0,0 +1,8 @@
+UNION PLANTERS CORP <UPCM.O> 1ST QTR NET
+  Shr 92 cts vs 1.16 dlrs
+      Qtly div 10 cts vs 10 cts prior
+      Net 5,700,000 vs 5,400,000
+      Avg shrs 6,100,000 vs 3,700,000
+      NOTE: Dividend pay May 15, record May One.
+  
+
diff --git a/reuters/test/16796 b/reuters/test/16796
new file mode 100644
index 0000000000000000000000000000000000000000..2c118927590f3efceaf40c9cfc8b79cce331f6b7
--- /dev/null
+++ b/reuters/test/16796
@@ -0,0 +1,10 @@
+UNION PLANTERS <UPCM.O> ACQUISITIONS APPROVED
+  Union Planters Corp said it has
+  received regulatory approvals for its previously-announced
+  acquisitions of Borc Financial Corp and First Citizens Bank of
+  Hohenwald, and approval of its acquisition of Merchants State
+  Holding Co is expected within 10 days.
+      All are to be completed during the second quarter of 1987,
+  it said.
+  
+
diff --git a/reuters/test/16797 b/reuters/test/16797
new file mode 100644
index 0000000000000000000000000000000000000000..7368c3ddfc2a44a0645a9bcf5a01be7a4eec59a7
--- /dev/null
+++ b/reuters/test/16797
@@ -0,0 +1,11 @@
+PIONEER SAVINGS BANK INC <PSBN.O> 2ND QTR NET
+  March 31 end
+      Shr 65 cts vs 51 cts
+      Net 1,016,738 vs 526,057
+      Avg shrs 1,561,774 vs 1,035,162
+      1st half
+      Shr 1.31 dlrs vs 1.09 dlrs
+      Net 2,050,911 vs 1,130,462
+      Avg shrs 1,561,643 vs 1,035,162
+  
+
diff --git a/reuters/test/16798 b/reuters/test/16798
new file mode 100644
index 0000000000000000000000000000000000000000..1d611ef9501291953b45a6cdce3bcf97b2e88522
--- /dev/null
+++ b/reuters/test/16798
@@ -0,0 +1,9 @@
+MANAGEMENT SCIENCE AMERICA INC <MSAI.O> 1ST QTR
+  Shr loss 29 cts vs loss two cts
+      Net loss 5,168,000 vs loss 410,000
+      Revs 46.5 mln vs 29.4 mln
+      Avg shrs 17.6 mln vs 17.1 mln
+      NOTE: Net includes tax credits of 3,938,000 dlrs vs 394,000
+  dlrs.
+  
+
diff --git a/reuters/test/16799 b/reuters/test/16799
new file mode 100644
index 0000000000000000000000000000000000000000..ff015f09c8017c3f3da8d18deec3424896486dc0
--- /dev/null
+++ b/reuters/test/16799
@@ -0,0 +1,8 @@
+GENERAL HOUSEWARES CORP <GHW> 1ST QTR NET
+  Shr two cts vs one ct
+      Net 42,000 vs 26,000
+      Sales 15.6 mln vs 15.2 mln
+      NOTE: 1987 net includes gain 63,000 dlrs from change in
+  pension accounting.
+  
+
diff --git a/reuters/test/16800 b/reuters/test/16800
new file mode 100644
index 0000000000000000000000000000000000000000..8454a7028f3b4369cfaf88a8e88fdb9a570b37e2
--- /dev/null
+++ b/reuters/test/16800
@@ -0,0 +1,6 @@
+OAKITE PRODUCTS INC <OKT> 1ST QTR NET
+  Shr 53 cts vs 48 cts
+      Net 873,000 vs 773,000
+      Sales 19.5 mln vs 20.0 mln
+  
+
diff --git a/reuters/test/16801 b/reuters/test/16801
new file mode 100644
index 0000000000000000000000000000000000000000..74a69dd152f28b3691d8a73de10a8ea428fec9ab
--- /dev/null
+++ b/reuters/test/16801
@@ -0,0 +1,12 @@
+BHA GROUP INC <BHAG.O> 2ND QTR MARCH 31 NET
+  Shr 18 cts vs 15 cts
+      Net 387,000 vs 240,000
+      Sales 9,346,000 vs 8,579,000
+      Avg shrs 2,200,000 vs 1,600,000
+      1st half
+      Shr 36 cts vs 26 cts
+      Net 734,000 vs 410,000
+      Sales 18.4 mln vs 17.2 mln
+      Avg shrs 2,051,648 vs 1,600,000
+  
+
diff --git a/reuters/test/16802 b/reuters/test/16802
new file mode 100644
index 0000000000000000000000000000000000000000..10d3595b47bc35de71748e317054bb60d8da9716
--- /dev/null
+++ b/reuters/test/16802
@@ -0,0 +1,8 @@
+P.A.M. TRANSPORTATION SERVICES INC <PTSI.O> NET
+  1st qtr
+      Shr 16 cts vs 10 cts
+      Net 808,850 vs 297,266
+      Revs 13.9 mln vs 7,588,280
+      Avg shrs 4,926,566 vs 3,123,411
+  
+
diff --git a/reuters/test/16803 b/reuters/test/16803
new file mode 100644
index 0000000000000000000000000000000000000000..becc86a80d23e03943fbec6a75da20f2b6114c4b
--- /dev/null
+++ b/reuters/test/16803
@@ -0,0 +1,10 @@
+FIRST FEDERAL BANK <FFBN.O> 2ND QTR MARCH 31 NET
+  Shr 84 cts vs 75 cts
+      Net 475,000 vs 425,000
+      Total income 7,248,000 vs 7,286,000
+      1st half
+      Shr 1.61 dlrs vs 1.50 dlrs
+      Net 911,000 vs 847,000
+      Total income 14.6 mln vs 14.2 mln
+  
+
diff --git a/reuters/test/16804 b/reuters/test/16804
new file mode 100644
index 0000000000000000000000000000000000000000..aa205bb140443132f57d50851a50e6196f3a3a5d
--- /dev/null
+++ b/reuters/test/16804
@@ -0,0 +1,15 @@
+GLOBAL NATURAL RESOURCES INC <GNR> 4TH QTR LOSS
+  Oper shr loss five cts vs loss nil
+      Ope net loss 1,211,000 vs loss 2,000
+      Revs 6,626,000 vs 11.0 mln
+      Avg shrs 23.2 mln vs 23.5 mln
+      Year
+      Oper shr profit 12 cts vs loss one ct
+      Oper net profit 2,632,000 vs loss 240,000
+      Revs 34.8 mln vs 52.0 mln
+      Avg shrs 22.9 mln vs 23.4 mln
+      NOTE: Net excludes extraordinary tax charges 1,919,000 dlrs
+  vs 49,000 dlrs in quarter and credits 1,431,000 dlrs vs
+  2,335,000 dlrs in year.
+  
+
diff --git a/reuters/test/16806 b/reuters/test/16806
new file mode 100644
index 0000000000000000000000000000000000000000..a7e999daa17532791b839bcc6bb69751afba72e9
--- /dev/null
+++ b/reuters/test/16806
@@ -0,0 +1,9 @@
+FIRST INTERSTATE OF IOWA INC <FIIA.O> 1ST QTR
+  Shr profit two cts vs loss two cts
+      Net profit 251,000 vs loss 222,000
+      NOTE: Pretax net profit 295,000 dlrs vs loss 256,000 dlrs.
+      Charge against earnings for loan losses 1,743,000 dlrs vs
+  2,743,000 dlrs and net chargeoffs 1,636,000 dlrs vs 3,865,000
+  dlrs.
+  
+
diff --git a/reuters/test/16807 b/reuters/test/16807
new file mode 100644
index 0000000000000000000000000000000000000000..5b4ccf1ea8264522e665795db494684fc0db5cb3
--- /dev/null
+++ b/reuters/test/16807
@@ -0,0 +1,11 @@
+DOUBLE EAGLE PETROLEUM AND MINING CO <DBLB.O>
+  2nd qtr Feb 28
+      Shr loss two cts vs loss eight cts
+      Net loss 33,482 vs loss 163,130
+      Revs 143,961 vs 287,131
+      1st half
+      Shr loss 14 cts vs loss eight cts
+      Net loss 276,238 vs loss 149,407
+      Revs 273,737 vs 679,860
+  
+
diff --git a/reuters/test/16808 b/reuters/test/16808
new file mode 100644
index 0000000000000000000000000000000000000000..375a2d5bf9b399e0842bd3107acf380b33c193a7
--- /dev/null
+++ b/reuters/test/16808
@@ -0,0 +1,10 @@
+<K-TEL INTERNATIONAL INC> 2ND QTR DEC 31 LOSS
+  Shr loss two cts vs profit 10 cts
+      Net loss 76,000 vs profit 357,000
+      Sales 8,987,000 vs 15.3 mln
+      1st half
+      Shr loss 12 cts vs loss seven cts
+      Net loss 440,000 vs loss 246,000
+      Sales 13.2 mln vs 20.6 mln
+  
+
diff --git a/reuters/test/16809 b/reuters/test/16809
new file mode 100644
index 0000000000000000000000000000000000000000..d4e705b979632d0afa30b831de40f423da808d74
--- /dev/null
+++ b/reuters/test/16809
@@ -0,0 +1,7 @@
+ELECTROMAGNETIC SCIENCES INC <ELMG.O> 1ST QTR
+  Shr 20 cts vs 16 cts
+      Net 1,507,000 vs 1,147,000
+      Sales 13.8 mln vs 9,608,000
+      Backlog 52.1 mln vs 37.8 mln
+  
+
diff --git a/reuters/test/16810 b/reuters/test/16810
new file mode 100644
index 0000000000000000000000000000000000000000..11e6b31d480a3bc00ce0337918beeb0a58fce578
--- /dev/null
+++ b/reuters/test/16810
@@ -0,0 +1,8 @@
+CAPE COD BANK AND TRUST CO <CCBT.O> 1ST QTR NET
+  Shr 95 cts vs 83 cts
+      Shr diluted 89 cts vs 80 cts
+      Net 2,297,842 vs 1,782,764
+      Avg shrs 2,408,332 vs 2,160,000
+      Avg shrs diluted 2,573,908 vs 2,326,667
+  
+
diff --git a/reuters/test/16811 b/reuters/test/16811
new file mode 100644
index 0000000000000000000000000000000000000000..a04bfd1d1f621089fb9b227a0e631379d07a4eed
--- /dev/null
+++ b/reuters/test/16811
@@ -0,0 +1,11 @@
+HOLIDAY CORP <HIA> SELLS STAKE IN VENTURE
+  Residence Inn Corp said it has
+  agreed to buy Holiday Corp out of their equaly-owned joint
+  venture for 51.4 mln dlrs, with closing expected within the
+  next few weeks.
+      The all-suite Residence Inn system, which is geated to
+  extended stays, currently has 93 open franchised or
+  company-owned hotels nationwide and another 55 in construction
+  or development.
+  
+
diff --git a/reuters/test/16812 b/reuters/test/16812
new file mode 100644
index 0000000000000000000000000000000000000000..cb3bb62207e079a27a167972021f40790a976d0b
--- /dev/null
+++ b/reuters/test/16812
@@ -0,0 +1,14 @@
+CADNETIX CORP <CADX.O> 3RD QTR MARCH 31 NET
+  Oper shr 12 cts vs five cts
+      Oper net 1,715,000 vs 730,000
+      Sales 12.1 mln vs 7,719,000
+      Avg shrs 13.9 mln vs 13.7 mln
+      Nine mths
+      Oper shr 32 cts vs 18 cts
+      Oper net 4,379,000 vs 2,266,000
+      Sales 32.8 mln vs 23.3 mln
+      Avg shrs 13.8 mln vs 12.4 mln
+      NOTE: prior year net excludes extraordinary credits of
+  340,000 dlrs in quarter and 1,190,000 dlrs in nine mths.
+  
+
diff --git a/reuters/test/16813 b/reuters/test/16813
new file mode 100644
index 0000000000000000000000000000000000000000..c6ae9ab0d2665079e2034f35f47c3dfbe98682da
--- /dev/null
+++ b/reuters/test/16813
@@ -0,0 +1,8 @@
+BUSH INDUSTRIES INC <BSH> 1ST QTR NET
+  Shr 44 cts vs 11 cts
+      Net 1,328,000 vs 344,000
+      Sales 23.0 mln vs 12.3 mln
+      NOTE: Share adjusted for three-for-two stock split in
+  February 1987.
+  
+
diff --git a/reuters/test/16814 b/reuters/test/16814
new file mode 100644
index 0000000000000000000000000000000000000000..ed252448dfcbafa60a15f9a8bcbafb4bf9c29ca4
--- /dev/null
+++ b/reuters/test/16814
@@ -0,0 +1,6 @@
+PLASTI-LINE INC <SIGN.O> 1ST QTR NET
+  Shr 16 cts vs 16 cts
+      Net 566,000 vs 563,000
+      Sales 14.2 mln vs 9,831,000
+  
+
diff --git a/reuters/test/16815 b/reuters/test/16815
new file mode 100644
index 0000000000000000000000000000000000000000..700b362fafa1fa1af3c0dd1724946537b95f85fa
--- /dev/null
+++ b/reuters/test/16815
@@ -0,0 +1,7 @@
+ENDATA INC <DATA.O> 1ST QTR NET
+  Oper shr 16 cts vs 11 cts
+      Oper net 660,000 vs 447,000
+      Revs 9,936,000 vs 9,005,000
+      NOTE: 1986 net excludes 381,000 dlr tax credit.
+  
+
diff --git a/reuters/test/16816 b/reuters/test/16816
new file mode 100644
index 0000000000000000000000000000000000000000..b17b83b570de53774989c5f85a182da9f77edd7e
--- /dev/null
+++ b/reuters/test/16816
@@ -0,0 +1,6 @@
+ROTO-ROOTER INC <ROTO> 1ST QTR NET
+  Shr 20 cts vs 16 cts
+      Net 973,000 vs 775,000
+      Revs 12.8 mln vs 9,678,000
+  
+
diff --git a/reuters/test/16817 b/reuters/test/16817
new file mode 100644
index 0000000000000000000000000000000000000000..ce184eb012ccc313ff992955055fd4d3f34717bc
--- /dev/null
+++ b/reuters/test/16817
@@ -0,0 +1,16 @@
+<BIRDSBORO CORP> 4TH QTR LOSS
+  Shr loss 24 cts vs loss 20 cts
+      Net loss 1,718,000 vs loss 1,483,000
+      Sales 7,266,000 vs 6,490,000
+      Year
+      Shr loss 1.83 dlrs vs loss 53 cts
+      Net loss 13.2 mln vs loss 3,833,000
+      Sales 19.1 mln vs 29.5 mln
+      NOTE: 1986 year net includes pretax realized loss on
+  secureity transaction of 4,124,000 dlrs.
+      Net includes tax credits of 751,000 dlrs vs 606,000 dlrs in
+  quarter and 1,163,000 dlrs vs 2,289,000 dlrs in year.
+      1986 net both periods includes gain 1,887,000 dlrs from
+  pension plan termination.
+  
+
diff --git a/reuters/test/16818 b/reuters/test/16818
new file mode 100644
index 0000000000000000000000000000000000000000..e1fb12cadc6dade32919ae681e42c1c69120f523
--- /dev/null
+++ b/reuters/test/16818
@@ -0,0 +1,8 @@
+DYNAMICS RESEARCH CORP <DRCO.O> 1ST QTR MARCH 21
+  Shr 17 cts vs 13 cts
+      Net 673,000 vs 514,000
+      Revs 18.4 mln vs 17.2 mln
+      NOTE: Share adjusted for five-for-four stock split in
+  January 1987.
+  
+
diff --git a/reuters/test/16819 b/reuters/test/16819
new file mode 100644
index 0000000000000000000000000000000000000000..e5c0a437b83df297df6b1530568c0d1dd9a4b8cb
--- /dev/null
+++ b/reuters/test/16819
@@ -0,0 +1,8 @@
+MARTIN PROCESSING INC <MPI> 1ST QTR NET
+  Oper shr 14 cts vs 10 cts
+      Oper net 711,000 vs 517,000
+      Sales 11.2 mln vs 11.1 mln
+      NOTE: 1986 net excludes 84,000 dlr gain from discontinued
+  machinery division.
+  
+
diff --git a/reuters/test/16824 b/reuters/test/16824
new file mode 100644
index 0000000000000000000000000000000000000000..a1f64ab272ed93916351e98c478ccda7415ec60b
--- /dev/null
+++ b/reuters/test/16824
@@ -0,0 +1,10 @@
+BUSH INDUSTRIES <BSH> SEES HIGHER YEAR RESULTS
+  Bush Industries Inc said it
+  expects higher earnings and sales for 1987, partly due to
+  efficiencies in manufacturing that have improved its margins.
+      The company reported first quarter earnings of 1,328,000
+  dlrs, up from 344,000 dlrs a year before, on sales of 23.0 mln
+  dlrs, up from 12.3 mln dlrs.  For all of last year it earned
+  2,506,000 dlrs on sales of 65.4 mln dlrs.
+  
+
diff --git a/reuters/test/16825 b/reuters/test/16825
new file mode 100644
index 0000000000000000000000000000000000000000..c7c3128934a61b4af2849c7fce51201b7c277645
--- /dev/null
+++ b/reuters/test/16825
@@ -0,0 +1,8 @@
+J. BILDNER AND SONS INC <JBIL.O> YEAR JAN 25 NET
+  Shr 13 cts vs three cts
+      Net 617,000 vs 112,000
+      Sales 31.3 mln vs 11.4 mln
+      Avg shrs 4,877,057 vs 3,310,585
+      NOTE: 1987 net includes 87,000 dlr tax credit.
+  
+
diff --git a/reuters/test/16826 b/reuters/test/16826
new file mode 100644
index 0000000000000000000000000000000000000000..82280e67e59c42a1e482168ccf516402d7741cb2
--- /dev/null
+++ b/reuters/test/16826
@@ -0,0 +1,13 @@
+J. BILDNER <JBIL.O> SEES IMPROVED RESULTS
+  J. Bildner and Sons Inc said it expects
+  improved earnings and sales in the current fiscal year.
+      The company reported earnings for the year ended January 25
+  of 617,000 dlrsl up from 112,000 dlrs a year before, on sales
+  of 31.3 mln dlrs, up from 11.4 mln dlrs.
+      Bildner also said it plans to offer 25 mln dlrs in
+  Eurodollar convertible subordinated debentures due 2002 through
+  underwriters led by PaineWebber Group Inc <PWJ> and Kidder,
+  Peabody and Co Inc, with proceeds to be used to finance
+  expansion and reduce debt.
+  
+
diff --git a/reuters/test/16833 b/reuters/test/16833
new file mode 100644
index 0000000000000000000000000000000000000000..52042ab359e218720078d8b5382a67300a235077
--- /dev/null
+++ b/reuters/test/16833
@@ -0,0 +1,45 @@
+AMOCO <AN> MAY BUY DOME <DMP>, REPORT SAYS
+  Amoco Corp is apparently the successful
+  bidder for debt-laden Dome Petroleum Ltd, according to a
+  published report.
+      The Toronto Globe and Mail, quoting sources close to the
+  negotiations, today said Dome broke off talks last night with
+  TransCanada PipeLines Ltd, which last week announced a 4.3
+  billion Canadian dlr offer for all of Dome's assets.
+      No financial details about the Amoco offer were available
+  and a Dome spokesman would neither confirm nor deny that Amoco
+  had emerged the winner, the newspaper said.
+      However, the Dome spokesman indicated that the sale of Dome
+  could be finalized and announced this weekend, the Globe and
+  Mail said.
+      Representatives of Amoco were not immediately available for
+  comment.
+      Last Sunday, when TransCanada announced its offer, Dome
+  said it was also in talks with two other companies, but refused
+  to identify them.
+      Since then, market speculation has centered on Amoco and
+  Exxon Corp's <XON> 70 pct-owned Imperial Oil Ltd subsidiary in
+  Canada.
+      British Petroleum PLC <BP> and Royal Dutch/Shell Group <RD>
+  have also been mentioned as possible suitors for Dome.
+      In the past two days, Dome management has been pressured by
+  the federal government to select the offer from TransCanada,
+  the only Canadian company in the bidding.
+      Prime Minister Brian Mulroney's government appears to want
+  to avoid a Dome sale to a foreign company since the government
+  gave Dome hundreds of millions of dollars in tax breaks to
+  encourage oil and gas exploration in the Arctic, analysts and
+  officials have said.
+      A purchase by TransCanada would be least likely to run
+  afoul of Canadian antitrust laws, however, TransCanada is
+  asking for tax concessions from a federal government that is
+  trying to hold its deficit below 30 billion Canadian dlrs,
+  analysts have said.
+      A takeover by Amoco or Imperial would also give a foreign
+  oil company a dominant position in Canada's oil industry.
+      Imperial Oil is already Canada's largest energy company,
+  with 1986 revenues of 7.1 billion Canadian dlrs. Chicago-based
+  Amoco had 1986 revenues of 20.23 billion U.S. dlrs. Its Amoco
+  Canada Petroleum subsidiary is 100 pct owned by Amoco Corp.
+  
+
diff --git a/reuters/test/16834 b/reuters/test/16834
new file mode 100644
index 0000000000000000000000000000000000000000..68599171a089e6266240144d67d93f077d7a18e2
--- /dev/null
+++ b/reuters/test/16834
@@ -0,0 +1,6 @@
+GORMAN-RUPP CO <GRC> SETS QUARTERLY
+  Qtly div 21 cts vs 21 cts prior
+      Pay June 10
+      Record May Eight
+  
+
diff --git a/reuters/test/16835 b/reuters/test/16835
new file mode 100644
index 0000000000000000000000000000000000000000..0e26363c9afaa54afe46d7f5afd551f4fd5314ec
--- /dev/null
+++ b/reuters/test/16835
@@ -0,0 +1,6 @@
+LILLY INDUSTRIAL COATINGS INC <LICIA> IN PAYOUT
+  Qtly div 10-1/2 cts vs 10-1/2 cts prior
+      Pay July One
+      Record June 10    
+  
+
diff --git a/reuters/test/16836 b/reuters/test/16836
new file mode 100644
index 0000000000000000000000000000000000000000..ad2dba637539892135a2a1da591655882093e9dd
--- /dev/null
+++ b/reuters/test/16836
@@ -0,0 +1,6 @@
+GRUMMAN CORP <GQ> IN PAYOUT
+  Qtly div 25 cts vs 25 cts prior
+      Pay May 20
+      Record May Eight  
+  
+
diff --git a/reuters/test/16837 b/reuters/test/16837
new file mode 100644
index 0000000000000000000000000000000000000000..6c435c3fb900dee4b1bc2b4b213359033749237f
--- /dev/null
+++ b/reuters/test/16837
@@ -0,0 +1,6 @@
+AMBRIT INC <ABI> IN PAYOUT
+  Qtly div two cts vs two cts prior
+      Pay May 22
+      Record May Eight  
+  
+
diff --git a/reuters/test/16838 b/reuters/test/16838
new file mode 100644
index 0000000000000000000000000000000000000000..b5a68497ec255b362cf7846e0d4280d8d0d5d471
--- /dev/null
+++ b/reuters/test/16838
@@ -0,0 +1,6 @@
+ONEOK INC <OKE> IN PAYOUT
+  Qtly div 64 cts vs 64 cts prior
+      Pay May 15
+      Record April 30   
+  
+
diff --git a/reuters/test/16839 b/reuters/test/16839
new file mode 100644
index 0000000000000000000000000000000000000000..bdfe992179dc1733b36431d15fbbe0254fa5a136
--- /dev/null
+++ b/reuters/test/16839
@@ -0,0 +1,6 @@
+DIAMOND SHAMROCK OFFSHORE PARTNERS <DSP> PAYOUT
+  Qtly div 70 cts vs 70 cts prior
+      Pay June Eight
+      Record May Eight  
+  
+
diff --git a/reuters/test/16843 b/reuters/test/16843
new file mode 100644
index 0000000000000000000000000000000000000000..bc4d13208dd3665a7b85fe9191c69d5fe651f5de
--- /dev/null
+++ b/reuters/test/16843
@@ -0,0 +1,10 @@
+FRENCH INDUSTRIAL PRODUCTION RISES IN FEBRUARY
+  French industrial production rose a
+  seasonally adjusted three pct in February after an unrevised
+  1.98 pct fall in January, the National Statistics Institute
+  (INSEE) said.
+      The figure, which excludes construction and public works,
+  put the February index, base 1980, at 102 after 99 in January.
+      INSEE changed its base year to 1980 from 1970 last month.
+  
+
diff --git a/reuters/test/16848 b/reuters/test/16848
new file mode 100644
index 0000000000000000000000000000000000000000..e9ac3bd1b379d9c34a188260cf184cf6f58fe115
--- /dev/null
+++ b/reuters/test/16848
@@ -0,0 +1,14 @@
+RLC CORP <RLC> 2ND QTR MARCH 31 NET
+  Shr loss nil vs profit six cts
+      Net loss 89,000 vs profit 1,136,000
+      Revs 105.0 mln vs 97.,3 mln
+      1st half
+      Shr loss two cts vs profit 21 cts
+      Net loss 396,000 vs profit 3,790,000
+      Revs 212.1 mln vs 194.8 mln
+      Avg shrs 18.1 mln vs 18.3 mln
+      NOTE: Current quarter net includes 77,000 dlr tax credit.
+      Current half net includes reversal of 2,622,000 dlrs of
+  investment tax credits.
+  
+
diff --git a/reuters/test/16850 b/reuters/test/16850
new file mode 100644
index 0000000000000000000000000000000000000000..4c63131bab88764a7ab07939e1cd3d0e1dc687ad
--- /dev/null
+++ b/reuters/test/16850
@@ -0,0 +1,7 @@
+FRESH JUICE CO INC <FRSH.O> 1ST QTR FEB 28 NET
+  Shr loss five cts
+      NEt loss 90,066
+      Sales 328,127
+      NOTE: Company began opeations in April 1986.
+  
+
diff --git a/reuters/test/16851 b/reuters/test/16851
new file mode 100644
index 0000000000000000000000000000000000000000..6d73acebdbaa998404bfc2516d42de078e0c874f
--- /dev/null
+++ b/reuters/test/16851
@@ -0,0 +1,25 @@
+FRENCH GOVERNMENT SETS TERMS OF BIMP SALE
+  The French Finance ministry said today a
+  public flotation offer opening this coming Tuesday for 39 pct
+  of the capital of <Banque Industrielle et Mobiliere Privee>
+  (BIMP) has been set at 140 francs per share.
+      The offer closes next Friday. The ministry said in a
+  statement 51 pct of the bank's capital had been sold to a solid
+  core of large investors, including insurance companies and
+  Michelin subsidiary SPIKA, for 145 pct of the public offer
+  price. Ten pct of the shares have been reserved for employees,
+  who get a five pct discount increased to 20 pct if they keep
+  the shares for two years.
+      Employees also get one free share for each one bought, if
+  the shares are held for at least one year.
+      Small investors would receive one free share for every 10
+  bought, with an upper limit of five free shares per investor,
+  and on condition the shares are held for at least 18 months.
+      The state-owned capital of BIMP comprises 2.51 mln shares.
+  The bank is being sold to the public as part of a sweeping
+  programme to privatise 65 state-owned groups over five years.
+      In a separate statement, the ministry said last week's
+  privatisation offer of 1.07 mln shares in <Banque du Batiment
+  et des Travaux Publics> (BTP) was 65 times oversubscribed.
+  
+
diff --git a/reuters/test/16852 b/reuters/test/16852
new file mode 100644
index 0000000000000000000000000000000000000000..5a8ab2d0530e516fad72aae0987b0b5d00de281e
--- /dev/null
+++ b/reuters/test/16852
@@ -0,0 +1,35 @@
+BUDGET CHIEF MILLER WARNS FED ON INTEREST RATES
+  White House Budget chief James
+  Miller said he was concerned that the Federal Reserve might
+  "overreact" to the decline in the value of the U.S. dollar by
+  raising interest rates, a move he said could cause a recession
+  next year.
+      "Our greatest danger is overreaction," Miller told newspaper
+  reporters yesterday. "I'm concerned about the Fed's
+  overreaction. I'm concerned about what I see in recent data
+  showing a substantial fall in the money supply."
+      Edwin Dale, Miller's spokesman, said the remarks, published
+  in the New York Times today, were accurate.
+      Miller said he was concerned the Fed might overreact to
+  signals of rising inflation by tightening credit -- a move he
+  said could have "political consequences."
+      The White House budget chief appeared to be referring to
+  the effect an economic slowdown could have on the presidential
+  and congressional elections next year.
+      "My fear is that if we get into a recession we are in deep
+  soup, and there is no question about it," he said.
+      Miller said an economic slowdown could lead to lower tax
+  revenues and a widening of the budget deficit.
+      Miller's remarks reflected concern that the U.S. central
+  bank might feel compelled to tighten credit as a means of
+  bolstering the dollar.
+      Both Treasury Secretary James Baker and Federal Reserve
+  Board Chairman Paul Volcker recently have warned that further
+  declines in the value of the U.S. dollar could jeopardize
+  global growth prospects.
+      U.S. officials have urged Japan and West Germany to
+  stimulate economic growth in their countries -- a move that
+  could boost U.S. exports and relieve trade protectionist
+  pressures in the United States.
+  
+
diff --git a/reuters/test/16853 b/reuters/test/16853
new file mode 100644
index 0000000000000000000000000000000000000000..229600c0cabf73c28f3c6974a50823f91885967c
--- /dev/null
+++ b/reuters/test/16853
@@ -0,0 +1,24 @@
+BANK OF FRANCE SEES PICKUP IN INDUSTRIAL ACTIVITY
+  The Bank of France said in its latest
+  monthly report on the French economy it expected a pickup in
+  industrial production registered in March to gather steam over
+  the next few months.
+      Without giving figures, the report said last month's rise,
+  partly linked to efforts to catch up with production lost
+  earlier this year through industrial action, was due mainly to
+  a firming of domestic demand.
+      "New progress is expected in all main sectors except capital
+  goods where production will remain at its present level," the
+  report added.
+      The upbeat report comes in the wake of grim March trade
+  balance figures which showed a deficit in industrial trade for
+  the first time since June 1982.
+      While the automobile industry remained unchanged from
+  previously boosted levels, consumer goods production grew and
+  was expected to accelerate except in the area of domestic
+  appliances. Semi-finished goods showed a clear increase in all
+  sectors. Construction and civil engineering, boosted by a rise
+  in public works, also improved, while retail trade sales in all
+  sectors continued to slow.
+  
+
diff --git a/reuters/test/16854 b/reuters/test/16854
new file mode 100644
index 0000000000000000000000000000000000000000..9627fbd781cf22ac62c63a4746fc743827558bc6
--- /dev/null
+++ b/reuters/test/16854
@@ -0,0 +1,11 @@
+ITALIAN WHOLESALE PRICES UP 0.2 PCT IN FEBRUARY
+  Italy's wholesale price index rose 0.2 pct
+  month-on-month in February 1987 after increasing by 1.1 pct in
+  January, the national statistics institute ISTAT said.
+      The index, base 1980 equals 100, registered 173.1 in
+  February compared with 172.8 in January.
+      The February figure represents a decline of 0.2 pct
+  compared with February 1986 after a year-on-year decline in
+  January 1987 of 1.7 pct.
+  
+
diff --git a/reuters/test/16856 b/reuters/test/16856
new file mode 100644
index 0000000000000000000000000000000000000000..36271f3100d9d6ff4790f54306418c27aa138d4e
--- /dev/null
+++ b/reuters/test/16856
@@ -0,0 +1,41 @@
+YEUTTER SAYS JAPANESE CURB ALL BUT CERTAIN
+  U.S. Trade Representative Clayton
+  Yeutter said it was all but certain President Reagan would go
+  ahead today and impose curbs on Japanese exports as planned.
+      Asked in a television interview what the chance was for
+  Reagan to cancel the scheduled 100 pct tariffs on Japanese
+  electronic exports, he said "slim to none."
+      Reagan announced on March 27 he would impose the tariffs to
+  retaliate for Japan's failure to honor a 1986 agreement to end
+  dumping computer semiconductors in world markets at less than
+  cost and to open its home markets to U.S. products.
+      Yeutter, on the NBC program "Today," said the United States
+  did not want to terminate the agreement and would drop
+  the tariffs once Japan began fulfilling the agreement.
+      He said Japanese negotiators last week told U.S. officials
+  they were honoring the pact, but Yeutter said it would take
+  time to monitor any compliance.
+      Asked how long that would take, he said "We want to see a
+  pattern of compliance, so in a minimum I would say that would
+  take a few weeks."
+      Yeutter said he did not think there would be much consumer
+  impact by the tariffs on 300 mln dlrs worth of Japanese goods
+  because the items selected are also readily available from
+  other countries and manufacturers.
+      He said he did not think Japan would retaliate.
+      "It seems to me it is not in the interests of either country
+  to get in an escalating conflict.  The Japanese understand that
+  full well," Yeutter said.
+      He added Japan might challenge the tariffs in the General
+  Agreement on Tariffs and Trade (GATT), but "that's more of a
+  paper kind of exercise and I don't really expect to see any
+  adverse impact on U.S. trade."
+      Yeutter also said he did not see any way the semiconductor
+  issue could be resolved before or during a Washington visit
+  later this month by Japanese Prime Minister Yasuhiro Nakasone.
+      He said he hoped the visit, which is to have trade as a
+  major issue, would be productive but "I don't see any practical
+  way to resolve this particular dispute before or during his
+  visit."
+  
+
diff --git a/reuters/test/16858 b/reuters/test/16858
new file mode 100644
index 0000000000000000000000000000000000000000..6be88a4d882623f28f3e369dfa4d04e2303c6d68
--- /dev/null
+++ b/reuters/test/16858
@@ -0,0 +1,8 @@
+CHURCH'S FRIED CHICKEN INC <CHU> 1ST QTR NET
+  Shr one ct vs 14 cts
+      Qtly div 11-1/2 cts vs 11-1/2 cts prior
+      Net 411,000 vs 5,299,000
+      Revs 88.5 mln vs 108.4 mln
+      NOTE: Dividend pay May 18, record May One.
+  
+
diff --git a/reuters/test/16865 b/reuters/test/16865
new file mode 100644
index 0000000000000000000000000000000000000000..8ba1cb28603a1edb3f03dc5efb4f756099b06239
--- /dev/null
+++ b/reuters/test/16865
@@ -0,0 +1,12 @@
+DOMINION RESOURCES INC <D> 1ST QTR NET
+  Shr 1.31 dlrs vs 1.03 dlrs
+      Net 123 mln vs 95 mln
+      Revs 831 mln vs 764 mln
+      Avg shrs 94 mln vs 91 mln
+      12 mths
+      Shr 4.38 dlrs vs 3.68 dlrs
+      Net 409 mln vs 331 mln
+      Revs 3.14 billion vs 2.77 billion
+      Avg shrs 93 mln vs 90 mln
+  
+
diff --git a/reuters/test/16868 b/reuters/test/16868
new file mode 100644
index 0000000000000000000000000000000000000000..4eefcc071589869f54837cd1391cee93ebfde441
--- /dev/null
+++ b/reuters/test/16868
@@ -0,0 +1,17 @@
+FORD <F> DEVELOPING ALUMINUM CAR FRAME
+  Ford Motor Co said it is developing an
+  aluminum space frame for its Probe V concept car using extruded
+  stretch-formed aluminum that could lead to new techniques for
+  building production cars in the future.
+      It said the frame would reduce vehicle weight and cost
+  while maintaining structural integrity and crashworthiness. The
+  frame has fewer parts than conventional steel frames, Ford
+  said.  The company said the lighter weight would allow smaller
+  powertrains and suspensions, further reducing weight and
+  improving fuel economy.
+      Ford said in addition, extrusion dies cost 1,000 to 12,000
+  dlrs each, compared with hundreds of thousands of dollars for
+  steel stamping dies, and using extruded aluminum the number of
+  welds in a car could be reduced to about 40 from over 2,000.
+  
+
diff --git a/reuters/test/16871 b/reuters/test/16871
new file mode 100644
index 0000000000000000000000000000000000000000..7aab80b2b02a8f8d47374ebf6e5dc3dc85323afd
--- /dev/null
+++ b/reuters/test/16871
@@ -0,0 +1,48 @@
+U.S. COMMERCE TRADE REPORT OMITS FREIGHT COSTS
+  The Commerce Department said on that
+  insurance and freight costs for imported goods of 1.45 billion
+  dlrs were included in the February trade deficit of 15.1
+  billion dlrs reported on Tuesday.
+      The department is required by law to wait 48 hours after
+  the initial trade report to issue a second report on a "customs
+  value" basis, which eliminates the freight and insurance
+  charges from the cost of imports.
+      Private-sector economists emphasized that the Commerce
+  Department was not revising down the deficit by 1.45 billion
+  dlrs but simply presenting the figures on a different basis.
+      A report in the Washington Post caused a stir in the
+  foreign exchanges today because it gave the impression, dealers
+  said, that the underlying trade deficit for February had been
+  revised downward.
+      The Commerce department would like to have the law changed
+  to permit it to report both sets of figures simultaneously.
+      "My feeling is the second one is a better report but there's
+  legislation that requires us to delay it two days," said Robert
+  Ortner, Commerce undersecretary for economic affairs.
+      "But this has been going on for a long time and no one pays
+  any attention to the second figure."
+      The 15.1 billion dlr February trade deficit compared with a
+  revised January deficit of 12.3 billion dlrs.
+      The law requiring a 48-hour delay in publishing the monthly
+  trade figure excluding freight and insurance was passed in
+  1979.
+      Reportedly the feeling was the first figure, which includes
+  customs, freight and insurance, allowed a better comparison
+  with other countries that reported their trade balances on the
+  same basis.
+      The second figure, which would always be lower by deducting
+  freight and insurance, presents the deficit in a more favorable
+  light for the Reagan administration.
+      Ortner said he would like to see the law changed to
+  eliminate the 48-hour delay in reporting the two figures.
+      "We're considering it," he said, "It's one of those dinosaur
+  laws and I think it's time has come."
+      The second figure, which would always be lower by deducting
+  freight and insurance, presents the deficit in a more favorable
+  light for the Reagan administration.
+      Ortner said he would like to see the law changed to
+  eliminate the 48-hour delay in reporting the two figures.
+      "We're considering it," he said, "It's one of those dinosaur
+  laws and I think its time has come."
+  
+
diff --git a/reuters/test/16872 b/reuters/test/16872
new file mode 100644
index 0000000000000000000000000000000000000000..fb1f9c6d82e99ace7bf3c2f7a24d7b4bca25f787
--- /dev/null
+++ b/reuters/test/16872
@@ -0,0 +1,12 @@
+HONG KONG FIRM UPS CALMAT <CZM> STAKE TO 12 PCT
+  Industrial Equity (Pacific) Ltd, a
+  Hong Kong investment firm, said it raised its stake in CalMat
+  Co to 3,712,860 shares, or 12.2 pct of the total outstanding
+  common stock, from 3,312,460 shares, or 10.9 pct.
+      In a filing with the Securities and Exchange Commission,
+  Industrial Equity, which is principally owned by Brierley
+  Investments Ltd, a publicly held New Zealand company, said it
+  bought 400,400 Calmat common shares between April 9 and 13 for
+  a total of 10.5 mln dlrs.
+  
+
diff --git a/reuters/test/16873 b/reuters/test/16873
new file mode 100644
index 0000000000000000000000000000000000000000..6628b9087c6d40094d6fe5e63f882840b7b591da
--- /dev/null
+++ b/reuters/test/16873
@@ -0,0 +1,13 @@
+FOUNDATION CUTS WURLITZER <WUR> STAKE
+  The Farny R. Wurlitzer Foundation
+  told the Securities and Exchange Commission it cut its stake in
+  Wurlitzer Co to 89,000 shares, or 4.98 pct of the total
+  outstanding common stock, from 125,000 shares, or 7.0 pct.
+      The foundation said it sold 36,000 Wurlitzer common shares
+  between March 13 and 30 at prices ranging from 3.25 to 2.375
+  dlrs a share.
+      As long as the foundation's stake in Wurlitzer is below
+  five pct, it is not required to report further dealings it has
+  in the company's common stock.
+  
+
diff --git a/reuters/test/16874 b/reuters/test/16874
new file mode 100644
index 0000000000000000000000000000000000000000..9909d73ee296017fefc3a2a3df2b15fd9266a880
--- /dev/null
+++ b/reuters/test/16874
@@ -0,0 +1,11 @@
+INVESTMENT FIRMS RAISE ORIENT EXPRESS<OEH> STAKE
+  Two affiliated investment firms and
+  funds they control told the Securities and Exchange Commission
+  they raised their Orient Express Hotels Inc stake to 1,663,800
+  shares, or 17.0 pct of the total, from 1,560,800, or 15.9 pct.
+      The firms, Boston-based FMR Corp and Bermuda-based Fidelity
+  International Ltd, said they bought a combined 103,000 Orient
+  Express common shares from March 12 to April 8 at prices
+  ranging from 3.05 to 3.55 dlrs each.
+  
+
diff --git a/reuters/test/16875 b/reuters/test/16875
new file mode 100644
index 0000000000000000000000000000000000000000..0c9f44e4cdb0a2f3e3480b30a15900d418157b18
--- /dev/null
+++ b/reuters/test/16875
@@ -0,0 +1,17 @@
+HOSPITAL CORP <HCA> BOARD AGAINST BUYOUT BID
+  Hospital Corp of America said
+  its management believes the 47 dlr per share acquisition offer
+  it received from Charles R. Miller, Richard E. Ragsdale and
+  Richard L. Scott is not in the best interest of shareholders,
+  and it does not plan to meet with the individuals.
+      The company said its board considered information on the
+  three and their bid, and "Given the lack of any demonstrated
+  ability on the part of these individuals to consummate an
+  acquisition of this magnitude, the board decided it was not
+  necessary to take any action on their proposal at this time."
+      Hospital Corp said "The benefits of the company's ongoing
+  repositioning program are already being realized, and we will
+  continue to explore appropriate alternatives for enhancing
+  shareholder value."
+  
+
diff --git a/reuters/test/16884 b/reuters/test/16884
new file mode 100644
index 0000000000000000000000000000000000000000..45212b55c8bb0a20f78e4f397bf0d9e5cc15841f
--- /dev/null
+++ b/reuters/test/16884
@@ -0,0 +1,6 @@
+CALNY INC <CLNY> SETS QUARTERLY
+  Qtly div four cts vs four cts prior
+      Pay May 13
+      Record April 29
+  
+
diff --git a/reuters/test/16885 b/reuters/test/16885
new file mode 100644
index 0000000000000000000000000000000000000000..efa4fa76c1214e05bb773053b8f1bda288b78e4d
--- /dev/null
+++ b/reuters/test/16885
@@ -0,0 +1,11 @@
+ROWAN <RDC> SEES SUBSTANTIAL LOSSES FOR YEAR
+  Rowan Cos Inc said it expects to incur
+  substantial losses in 1987 despite expected improvement in
+  drilling levels in the Gulf of Mexico and the North Sea.
+      The offshore and onshore drilling company today reported a
+  first quarter loss of 18.6 mln dlrs after a 12.2 mln dlr tax
+  credit, compared with a year-earlier loss of 5,855,000 dlrs
+  after a tax credit of 8,510,000 dlrs.  For all of 1986, Rowan
+  lost 42.1 mln dlrs after a 47.6 mln dlr tax credit.
+  
+
diff --git a/reuters/test/16886 b/reuters/test/16886
new file mode 100644
index 0000000000000000000000000000000000000000..47a22212bcafa62bf69a4220ba796de5361a7313
--- /dev/null
+++ b/reuters/test/16886
@@ -0,0 +1,8 @@
+ROWAN COS INC <RDC> 1ST QTR LOSS
+  Shr loss 36 cts vs loss 11 cts
+      Net loss 18.6 mln vs loss 5,855,000
+      Revs 23.9 mln vs 53.9 mln
+      NOTE: Net includes tax credits of 12.2 mln dlrs vs
+  8,510,000 dlrs.
+  
+
diff --git a/reuters/test/16888 b/reuters/test/16888
new file mode 100644
index 0000000000000000000000000000000000000000..288d2bf5ac035d8ef4b9380aeae06829696249ce
--- /dev/null
+++ b/reuters/test/16888
@@ -0,0 +1,15 @@
+CARE ENTERPRISES <CRE> 4TH QTR LOSS
+  Oper shr loss 64 cts vs profit 11 cts
+      Oper net loss 7,229,000 vs profit 902,000
+      Revs 67.6 mln vs 66.7 mln
+      Avg shrs 11.3 mln vs 8,507,000
+      Year
+      Oper shr loss 63 cts vs profit 43 cts
+      Oper net loss 6,177,000 vs profit 3,604,000
+      Revs 264.8 mln vs 238.5 mln
+      Avg shrs 9,827,000 vs 8,403,000
+      NOTE: 1986 quarter net includes 731,000 dlr tax credit.
+      1986 net excludes charges from debt restructuring of
+  1,976,000 dlrs in quarter and 3,800,000 dlrs in year.
+  
+
diff --git a/reuters/test/16890 b/reuters/test/16890
new file mode 100644
index 0000000000000000000000000000000000000000..16b20c7e8aa4e7285c7124918d15d8188cbdfca0
--- /dev/null
+++ b/reuters/test/16890
@@ -0,0 +1,8 @@
+LANCE INC <LNCE> 1ST QTR NET
+  Shr 56 cts vs 46 cts
+      Qtly div 29 cts vs 27 cts prior
+      Net 9,089,000 vs 7,585,000
+      Sales 86.8 mln vs 83.0 mln
+      NOTE: Pay May 15, record May One.
+  
+
diff --git a/reuters/test/16893 b/reuters/test/16893
new file mode 100644
index 0000000000000000000000000000000000000000..4c406fc626331fe0c313c353765d4f502570972c
--- /dev/null
+++ b/reuters/test/16893
@@ -0,0 +1,19 @@
+FHLBB REPORTS THRIFT RESULTS IN FOURTH QUARTER
+  The Federal Home Loan Bank Board
+  said its insured savings and loan associations (thrifts) that
+  made a profit in the fourth quarter of 1986 reported moderate
+  increases in net earnings.
+      It said that the 74 pct of the thrifts reporting profits
+  had net after-tax income of 2.3 billion dlrs, up from 2.0
+  billion dlrs earned by 77 pct of the profitable industry in the
+  third quarter.
+      For 1986 as a whole, the profitable firms had a net income
+  of 9.2 billion dlrs, up from 7.3 billion dlrs in 1985.
+       It said the 26 pct of the industry that made no profit in
+  the fourth quarter had losses of 3.2 billion dlrs.
+      The figure for the unprofitable firms was up from 2.1
+  billion dlrs in the third quarter of 1986, it said.
+      Over the year, these firms had total losses of 8.3 billion
+  dlrs, up from 3.6 billion dlrs in 1985.
+  
+
diff --git a/reuters/test/16897 b/reuters/test/16897
new file mode 100644
index 0000000000000000000000000000000000000000..fff340d00ba8b2b16eeca0102d286d5822b36abf
--- /dev/null
+++ b/reuters/test/16897
@@ -0,0 +1,14 @@
+SOVIET INDUSTRIAL OUTPUT UP IN FIRST QUARTER
+  Soviet industrial output in the first
+  quarter of this year grew by 2.5 pct compared with the first
+  three months of 1986, Tass news agency reported.
+      A regular meeting of the Politburo heard that in March,
+  industry achieved the average daily rate needed to fulfil
+  annual targets.
+      Quarterly plans were exceeded in the fuel and power sector
+  and agriculture, where output grew by 8.7 pct compared with the
+  same period last year, it said. Plans were not fulfilled by the
+  engineering and building ministries, the chemical and timber
+  sectors, rail transport and light industry, it added.
+  
+
diff --git a/reuters/test/16903 b/reuters/test/16903
new file mode 100644
index 0000000000000000000000000000000000000000..34135ad5bdf8ee12ca464f57667ca0cfc0a173b6
--- /dev/null
+++ b/reuters/test/16903
@@ -0,0 +1,15 @@
+WHITE HOUSE SAYS U.S. MONETARY POLICY CORRECT
+  The White House,
+  distancing itself from remarks by the administration's budget
+  chief, said the Federal Reserve's current course of monetary
+  policy was appropriate.
+      "The administration feels that the current course of
+  monetary policy is appropriate," White House spokesman Marlin
+  Fitwater said.
+      Fitzwater said the administration did not endorse remarks
+  by White House budget chief James Miller, who said he was
+  concerned the Federal Reserve might overreact to the decline in
+  the value of the U.S. dollar by raising interest rates.
+   More
+  
+
diff --git a/reuters/test/16908 b/reuters/test/16908
new file mode 100644
index 0000000000000000000000000000000000000000..5eba0357a8ac434d958507b4726d4bcba9eea9ca
--- /dev/null
+++ b/reuters/test/16908
@@ -0,0 +1,9 @@
+U.S. BUSINESS LOANS FALL 1.08 BILLION DLRS
+  Business loans on the books of major
+  U.S. banks, excluding acceptances, fell 1.08 billion dlrs to
+  276.37 billion dlrs in the week ended April 8, the Federal
+  Reserve Board said.
+      The Fed said that business loans including acceptances fell
+  1.1 billion dlrs to 278.67 billion dlrs.
+  
+
diff --git a/reuters/test/16909 b/reuters/test/16909
new file mode 100644
index 0000000000000000000000000000000000000000..919a5a98fb652042c6fdbadf032f658ec880c55a
--- /dev/null
+++ b/reuters/test/16909
@@ -0,0 +1,11 @@
+COMMUNICATIONS SATELLITE CORP <CQ> 1ST QTR NET
+  shr 46 cts vs 76 cts
+      div 30 cts vs 30 cts prior
+      net 8.5 mln vs 14.0 mln
+      NOTE: 1987 qtr net is after a 5.5 mln dlr reserve for a
+  potential refund as a result of the Federal Communications
+  Commission's continuing rate investigation. company said it
+  believes any refunds it may have to make would not materially
+  affect its financial position.
+  
+
diff --git a/reuters/test/16910 b/reuters/test/16910
new file mode 100644
index 0000000000000000000000000000000000000000..6b3f6fb12dac94394824c99392ede27c5cda5da7
--- /dev/null
+++ b/reuters/test/16910
@@ -0,0 +1,8 @@
+AMERICAN MANAGEMENT SYSTEMS <AMSY.O> 1ST QTR NET
+  shr 21 cts vs 18 cts
+      net 1,068,000 vs 902,000
+      revs 38.1 mln vs 29.7 mln
+      avg shrs 5,177,000 vs 5,120,000
+      NOTE: shr reflects 2-for-1 stock split on June 9, 1986
+  
+
diff --git a/reuters/test/16911 b/reuters/test/16911
new file mode 100644
index 0000000000000000000000000000000000000000..173badcb42809a11efa8652eaeb59c7adc38864b
--- /dev/null
+++ b/reuters/test/16911
@@ -0,0 +1,7 @@
+HYTEK MICROSYSTEMS INC <HTEK.O> 1ST QTR LOSS
+  shr loss 17 cts vs loss 14 cts
+      net loss 467,000 vs loss 400,000
+      revs 3,856,000 vs 3,423,000
+      avg shrs 2,821,000 vs 2,797,000
+  
+
diff --git a/reuters/test/16912 b/reuters/test/16912
new file mode 100644
index 0000000000000000000000000000000000000000..52b7776ff959634a1cde1e27779de40f168a8f45
--- /dev/null
+++ b/reuters/test/16912
@@ -0,0 +1,6 @@
+TVI CORP <TVIE.O> YEAR 1986 LOSS
+  shr loss 38 cts vs profit two cts
+      net loss 2,254,533 vs profit 106,621
+      revs 3,430,970 vs 4,104,506
+  
+
diff --git a/reuters/test/16913 b/reuters/test/16913
new file mode 100644
index 0000000000000000000000000000000000000000..ab6164070e89bf1a8084f562307f83d9480c0cf8
--- /dev/null
+++ b/reuters/test/16913
@@ -0,0 +1,11 @@
+RIGGS NATIONAL CORP <RIGS.O> 1ST QTR NET
+  shr 73 cts vs 1.03 dlrs
+      net 10,245,000 vs 12,364,000
+      avg shrs 13,981,024 vs 11,968,524
+      assets 6.07 billion vs 5.22 billion
+      loans 2.92 billion vs 2.45 billion
+      deposits 4.78 billion vs 4.14 billion
+      NOTE: gain from sale of securities 4.6 mln vs 12.8 mln.
+  loan loss provision 100,000 dlrs vs 7.7 mln
+  
+
diff --git a/reuters/test/16916 b/reuters/test/16916
new file mode 100644
index 0000000000000000000000000000000000000000..cb556007b45b2b7e71bd0b39e0e813cbfa9d17a6
--- /dev/null
+++ b/reuters/test/16916
@@ -0,0 +1,8 @@
+NORTHWEST NATURAL GAS CO <NWNG.O> 1ST QTR NET
+  shr 1.35 dlrs vs 1.27 dlrs
+      div 39 cts vs 39 cts prior
+      net 14,291,000 vs 13,211,000
+      revs 52.6 mln vs 51.1 mln
+      avg shrs 10,234,000 vs 9,936,000
+  
+
diff --git a/reuters/test/16917 b/reuters/test/16917
new file mode 100644
index 0000000000000000000000000000000000000000..7b7b33c4cdd6afa17a53b8171c813a05b83604d2
--- /dev/null
+++ b/reuters/test/16917
@@ -0,0 +1,7 @@
+KENTUCKY CENTRAL <KENCA.O> UNIT SELLS STATIONS
+  Kentucky Central Life Insurance
+  Co said its Bluegrass Broadcasting Co Inc subsidiary has agreed
+  to sell two Orlando, Fla., radio stations to TK Communications
+  Inc for 13.5 mln dlrs, subject to FCC approval.
+  
+
diff --git a/reuters/test/16918 b/reuters/test/16918
new file mode 100644
index 0000000000000000000000000000000000000000..5d0ef887f503dbf012474a8e5fa048d1146a2b03
--- /dev/null
+++ b/reuters/test/16918
@@ -0,0 +1,5 @@
+KIMBARK OIL AND GAS CO <KIMB.O> 1986 YEAR LOSS
+  shr loss 57 cts vs loss 2.88 dlrs
+      net loss 3,442,000 vs loss 13,750,000
+  
+
diff --git a/reuters/test/16921 b/reuters/test/16921
new file mode 100644
index 0000000000000000000000000000000000000000..5aba2d4e0986a3b5491f19344b970605bcfc86a7
--- /dev/null
+++ b/reuters/test/16921
@@ -0,0 +1,5 @@
+SOUTHERN NATIONAL CORP <SNAT.O> 1ST QTR NET
+  shr 47 cts vs 46 cts
+      net 3,470,859 vs 3,454,577
+  
+
diff --git a/reuters/test/16922 b/reuters/test/16922
new file mode 100644
index 0000000000000000000000000000000000000000..81fff71fd56dc4309040ba638c4fec21ffadac83
--- /dev/null
+++ b/reuters/test/16922
@@ -0,0 +1,8 @@
+FIRST BANK SYSTEM <FBS> SELLS LEWISTON BANK
+  First Bank System said it has
+  agreeed to sell its First Bank Lewiston subsidiary, of
+  Lewiston, Mont., to two local bankers for undisclosed terms.
+      First Bank Lewiston has assets of 101.4 mln dlrs at the end
+  of the first quarter.
+  
+
diff --git a/reuters/test/16923 b/reuters/test/16923
new file mode 100644
index 0000000000000000000000000000000000000000..09ba592e9bce49f7772eb3f198e8597e9d01f1ff
--- /dev/null
+++ b/reuters/test/16923
@@ -0,0 +1,10 @@
+ICN <ICN> HAS FIVE PCT OF SYNCOR <SCOR.O>
+  ICN Pharmaceuticals Inc told the
+  Securities and Exchange Commission it has acquired 556,500
+  shares of Syncor International Corp, or 5.0 pct of the total
+  outstanding common stock.
+      ICN said it bought the stake for 3.9 mln dlrs as an
+  investment and has no plans to seek control of the company or
+  to participate in the management of it.
+  
+
diff --git a/reuters/test/16925 b/reuters/test/16925
new file mode 100644
index 0000000000000000000000000000000000000000..ac9cc4964a767c529c3012bbb54e1339b7231e06
--- /dev/null
+++ b/reuters/test/16925
@@ -0,0 +1,14 @@
+DIXONS EXPLORING SALE OF CYCLOPS <CYL> UNIT
+  Dixons Group Plc <DXNS.L>, the
+  British concern that recently acquired operational control of
+  Cyclops Corp, said it is exploring the possibility of selling
+  the Cyclops subsidiary, Busy Beaver Building Centers Inc.
+      In a filing with the Securities and Exchange Commission,
+  Dixons said it has determined to explore the possibility of the
+  sale following its preliminary review of the business and
+  activities of Cyclops.
+      Busy Beaver Building Centers is a Pittsburgh, Pa., lumber
+  and building materials company. Dixons won control of Cyclops
+  with a 95 dlr a share tender offer.
+  
+
diff --git a/reuters/test/16926 b/reuters/test/16926
new file mode 100644
index 0000000000000000000000000000000000000000..6ad7f73e070a8be21350d56f8bd5341a694fab6b
--- /dev/null
+++ b/reuters/test/16926
@@ -0,0 +1,86 @@
+JAPANESE TARIFFS SEEN AS WORLDWIDE WARNING
+  The tough trade sanctions President
+  Reagan imposed on Japanese exports are not only a shot across
+  Japan's bow but also a sign Reagan will attack unfair trade
+  practices worldwide, U.S. officials said.
+      But Robert Crandall, a trade specialist at Brookings
+  Institution, a think tank, said "a shot across their bow can
+  often result in a shot in our stern."
+      He said it left the United States open to retaliation.
+      The U.S. officials said the 100 pct tariffs Reagan ordered
+  on 300 mln dlrs worth of Japanese goods will also show Congress
+  that a tough pro-trade stand can be taken under existing laws,
+  and no new protectionist legislation is needed.
+      In the past year tough trade action had been taken against
+  the European Community over corn and sorghum, Taiwan over beer
+  and wine, South Korea over counterfeiting of copyrights,
+  patents and trademarkets and Japan on tobacco.
+      White House spokesman Marlin Fitzwater told reporters the
+  tariffs - up from five pct - should be seen as a "serious signal"
+  to other nations on the need for fair trade practices.
+      Reagan said he imposed the sanctions on certain computers,
+  television sets and some hand tools because Japan did not honor
+  an agreement to end dumping semiconductors in world markets at
+  less than cost and to open its markets to U.S. products. The
+  tariffs were placed on items which were available from other
+  sources so there would be little effect on the American
+  consumer, Fitzwater said.
+      Reagan has come under heavy pressure to take tougher action
+  - especially against Japan - to end global unfair trade
+  practices and reverse the growing U.S. trade deficit.
+      The alternative was that if he did not, Congress would.
+      The U.S. trade gap last year was a record 169.8 billion
+  dlrs, and continues to rise, with Japan accounting for about
+  one-third of America's overall deficit.
+      But there are other two-way deficits - with Canada, West
+  Germany, Taiwan and South Korea - and Reagan officials said the
+  president is ready to fight them all.
+      Reagan said in announcing the sanctions today that "I regret
+  that these actions are necessary," but that the health and
+  vitality of the U.S. semiconductor industry was essential to
+  American competitiveness in world markets.
+      "We cannot allow it to be jeopardized by unfair trading
+  practices," Reagan added in the statement from his California
+  vacation home at Santa Barbara.
+      He said the tariffs would remain in force until Japan
+  abided by the agreement.
+      U.S. officials say the action today will show Congress -
+  which is about to write a trade bill he does not like - that he
+  already has the tools needed to fight unfair trade.
+      The White House aide said of the tariff action, "it wasn't
+  done to appease Congress, but because there was an unfair trade
+  practice."
+      The aide added, however, "on another plane, it was an
+  example of how the administration uses the trade law to fight
+  unfair practices, an that it is not necessary to make a major
+  overall of our trade laws."
+      But the analyst, Crandall, said the tariff action was not
+  in the best interests of the United States, and that
+  negotiations should have been pursued to resolve the issue.
+      "It's very dangerous to go down the retaliatory route," he
+  said, "because it leads to more retaliation and restrictions in
+  trade."
+      Crandall said, "the administration is doing this for its
+  political impact across the country, and therefore its impact
+  on Congress."
+      He said, "I don't think it makes a lot of sense."
+      But other analysts said it made little difference whether
+  the tariffs were aimed at U.S. trading partners or Congress,
+  and that the main point was that the trading partners were on
+  notice that retaliation was a weapon Reagan was ready to use.
+      Spokesman Fitzwater said "we don't want a trade war," but the
+  imposition of sanctions showed the United States would act when
+  it had evidence that trade pacts were being violated.
+      Crandall said, "the administration is doing this for its
+  political impact across the country, and therefore its impact
+  on Congress."
+      He said, "I don't think it makes a lot of sense."
+      But other analysts said it made little difference whether
+  the tariffs were aimed at U.S. trading partners or Congress,
+  and that the main point was that the trading partners were on
+  notice that retaliation was a weapon Reagan was ready to use.
+      Spokesman Fitzwater said "we don't want a trade war," but the
+  imposition of sanctions showed the United States would act when
+  it had evidence that trade pacts were being violated.
+  
+
diff --git a/reuters/test/16929 b/reuters/test/16929
new file mode 100644
index 0000000000000000000000000000000000000000..438fd6e1fab2fb8f398cd4021098f794f5bed35e
--- /dev/null
+++ b/reuters/test/16929
@@ -0,0 +1,23 @@
+YEUTTER ALMOST SURE JAPAN WILL NOT RETALIATE
+  U.S. Trade Representative Clayton
+  Yeutter said he was almost sure Japan would not retaliate
+  against tariffs President Reagan slapped on 300 mln dlrs of
+  Japanese electronic goods today.
+      "I'd say it's 99 plus pct sure that it (the tariffs) will
+  not provoke a retaliation on American products," Yeutter told
+  Cable News Network.
+      "Japan has far too much at stake in this relationship (with
+  the United States) to seriously entertain thoughts of
+  retaliation," Yeutter said.
+      Earlier today, Reagan 
+  imposed 100 pct tariffs on a range of
+  Japanese goods in retaliation for Japan's alleged violation of
+  a bilateral pact governing semiconductor trade.
+      Yeutter did say that U.S. farm products would be targeted
+  if Tokyo decided to hit back.
+      "If they (Japan) were to retaliate, it would probably be on
+  something like American agricultural products," he said.
+      "But I really think the chances of that happening are
+  between slim and none," he added.
+  
+
diff --git a/reuters/test/16932 b/reuters/test/16932
new file mode 100644
index 0000000000000000000000000000000000000000..e145ca2d46ad254559376f3ecdb891ffeea14cea
--- /dev/null
+++ b/reuters/test/16932
@@ -0,0 +1,14 @@
+JAPAN WILL NOT RETALIATE NOW AGAINST U.S. TARIFFS
+  Japan does not plan to take immediate
+  retaliatory action against implementation of U.S. Tariffs on
+  some Japanese electronic goods, the minister of international
+  trade and industry, Hajime Tamura, said in a statement.
+      Japan requested bilateral consultations in accordance with
+  Article 23-1 of the General Agreement on Tariffs and Trade
+  (GATT) in Washington yesterday.
+      Tamura said there was deep regret over the U.S. Measures,
+  which will impose 100 pct tariffs on about 300 mln dlrs worth
+  of Japanese imports of some small computers, colour television
+  sets and power tools.
+  
+
diff --git a/reuters/test/17031 b/reuters/test/17031
new file mode 100644
index 0000000000000000000000000000000000000000..b2b2140e74ac0182f62ef211fd2e1446e6ba7f58
--- /dev/null
+++ b/reuters/test/17031
@@ -0,0 +1,8 @@
+SOUTHAM INC <STM.TO> 1ST QTR NET
+  Oper shr 32 cts vs 37 cts
+      Oper net 18.9 mln vs 21.6 mln
+      Revs 352.1 mln vs 323.0 mln
+      Note: 1987 net excludes extraordinary gain of 2.8 mln dlrs
+  or five cts shr from sale of surplus property.
+  
+
diff --git a/reuters/test/17032 b/reuters/test/17032
new file mode 100644
index 0000000000000000000000000000000000000000..d716a30495cd5e215fb4c4199f1248a9a9d6a982
--- /dev/null
+++ b/reuters/test/17032
@@ -0,0 +1,10 @@
+LOCTITE CORP <LOC> 3RD QTR MARCH 31 NET
+  Shr 96 cts vs 53 cts
+      Net 8,663,000 vs 4,798,000
+      Revs 89.7 m ln vs 66.8 mln
+      Nine mths
+      Shr 2.33 dlrs vs 1.67 dlrs
+      Net 21.1 mln vs 15.1 mln
+      Revs 241.3 mln vs 192.8 mln
+  
+
diff --git a/reuters/test/17034 b/reuters/test/17034
new file mode 100644
index 0000000000000000000000000000000000000000..88847c428e6163f162fd58529d2d6f758c199e6e
--- /dev/null
+++ b/reuters/test/17034
@@ -0,0 +1,18 @@
+GLENFED INC <GLN> 3RD QTR MARCH 31 NET
+  Oper shr 1.54 dlrs vs 82 cts
+      Oper net 33.7 mln vs 17.66 mln
+      Revs 473.1 mln vs 419.0 mln
+      Nine mths
+      Oper shr 4.60 dlrs vs 2.39 dlrs
+      Oper net 100.4 mln vs 51.0 mln
+      Revs 1.38 billion vs 1.21 billion
+      Assets 18.5 billion vs 15.5 billion
+      Deposits 13.00 billion vs 11.29 billion
+      Loans 15.04 billion vs 12.56 billion
+      Note: Oper net excludes extraordinary loss 6,636,000 and
+  11.9 mln for 1987 qtr and nine mths on prepayment of borrowings
+  from the Federal Home Loan Bank Board.
+      Oper also excludes tax credits of 15.8 mln vs 5,954,000 for
+  qtr and 17.8 mln vs 11.6 mln for nine mths.
+  
+
diff --git a/reuters/test/17035 b/reuters/test/17035
new file mode 100644
index 0000000000000000000000000000000000000000..83515ffe31683392eaa5746d092e32e56a920064
--- /dev/null
+++ b/reuters/test/17035
@@ -0,0 +1,11 @@
+HORIZON INDUSTRIES INC <HRZN> 2ND QTR NET
+  Qtr ended April four
+      Shr profit eight cts vs loss 22 cts
+      Net profit 341,000 vs loss 903,000
+      Revs 58.4 mln vs 46.3 mln
+      Six mths
+      Shr profit 35 cts vs loss 19 cts
+      Net profit 1,466,000 vs loss 767,000
+      Revs 121.4 ln vs 95.9 mln
+  
+
diff --git a/reuters/test/17036 b/reuters/test/17036
new file mode 100644
index 0000000000000000000000000000000000000000..9af5c91e668be7783b0b91a7575011e0368d6687
--- /dev/null
+++ b/reuters/test/17036
@@ -0,0 +1,68 @@
+FED DATA PROVIDE NEW EVIDENCE OF TIGHTER POLICY
+  U.S. banking data released today are
+  too distorted to draw sweeping conclusions about monetary
+  policy, but they do support the market's assumption that the
+  Federal Reserve has started to tighten its grip on credit,
+  economists said.
+      "It's clear that the Fed has firmed somewhat. Discount
+  window borrowings, net free reserves, the Fed funds rate
+  average and the pattern of reserve additions are all consistent
+  with a modest tightening," said Dana Johnson of First Chicago
+  Corp.
+      Johnson, and several other economists, now estimate that
+  the Fed funds rate should trade between 6-1/4 and 6-3/8 pct.
+      Discount window borrowings in the week to Wednesday were
+  935 mln dlrs a day, producing a daily average for the two-week
+  statement period of 689 mln dlrs, the highest since the week of
+  December 31, 1986, and up from 393 mln dlrs previously.
+      Moreover, banks were forced to borrow a huge 5.2 billion
+  dlrs from the Fed on Wednesday - the highest daily total this
+  year - even though unexpectedly low Treasury balances at the
+  Fed that day left banks with over two billion dlrs more in
+  reserves than the Fed had anticipated.
+      However, economists said it is almost certain that the Fed
+  is aiming for much lower discount window borrowings than
+  witnessed this week. They pointed to two factors that may have
+  forced banks to scramble for reserves at the end of the week.
+      First, economists now expect M-1 money supply for the week
+  ended April 29 to rise by a staggering 15 to 20 billion dlrs,
+  partly reflecting the parking in checking accounts of the
+  proceeds from stock market sales and mutual fund redemptions to
+  pay annual income taxes.
+      As banks' checking-account liabilities rise, so do the
+  reserves that they are required to hold on deposit at the Fed.
+      Required reserves did indeed rise sharply by 2.5 billion
+  dlrs a day in the two weeks ended Wednesday, but economists
+  said the Fed may not have believed in the magnitude of the
+  projected M-1 surge until late in the week and so started to
+  add reserves too late.
+      Second, an apparent shortage of Treasury bills apparently
+  left Wall Street dealers with too little collateral with which
+  to enagage in repurchase agreements with the Fed, economists
+  said. Thus, although there were 10.3 billion dlrs of repos
+  outstanding on Wednesday night, the Fed may have wanted to add
+  even more reserves but was prevented from doing so.
+      "It's not at all inconceivable that the Fed didn't add as
+  much as they wanted to because of the shortage of collateral,"
+  said Ward McCarthy of Merrill Lynch Economics Inc.
+      McCarthy estimated that the Fed is now targetting
+  discount-window borrowings of about 400 mln dlrs a day,
+  equivalent to a Fed funds rate of around 6-3/8 pct.
+      After citing the reasons why the Fed probably has not
+  tightened credit to the degree suggested by the data,
+  economists said the fact that the Fed delayed arranging 
+  overnight injections of reserves until the last day of the
+  statement period was a good sign of a more restrictive policy.
+      Jeffrey Leeds of Chemical Bank had not been convinced that
+  the Fed was tightening policy. But after reviewing today's
+  figures, he said, "It's fair to say that the Fed may be moving
+  toward a slightly less accommodative reserve posture."
+      Leeds expects Fed funds to trade between 6-1/4 and 6-3/8
+  pct and said the Fed is unlikely to raise the discount rate
+  unless the dollar's fall gathers pace.
+      Johnson at First Chicago agreed, citing political
+  opposition in Washington to a dollar-defense package at a time
+  when Congress sees further dollar depreciation as the key to
+  reducing the U.S. trade surplus with Japan.
+  
+
diff --git a/reuters/test/17037 b/reuters/test/17037
new file mode 100644
index 0000000000000000000000000000000000000000..4d9fe0f8c0e2233c852a2161632d4ab2689b94c9
--- /dev/null
+++ b/reuters/test/17037
@@ -0,0 +1,11 @@
+RORER GROUP INC <ROR> 1ST QTR NET
+  Oper shr profit 34 cts vs loss 78 cts
+      Oper net profit 7,434,000 vs loss 17.0 mln
+      Revs 201.2 mln vs 171.7 mln
+      Note: Year-ago oper exludes gain on sale of businesses of
+  139.6 mln.
+      Year-ago oper includes charges of 27.8 mln resulting from
+  allocation of the purchase price of Revlon's businesses to
+  inventory and 7.1 mln for restructuring costs.
+  
+
diff --git a/reuters/test/17038 b/reuters/test/17038
new file mode 100644
index 0000000000000000000000000000000000000000..833977db80bfc5277cd9cdd35196a04db238c4a7
--- /dev/null
+++ b/reuters/test/17038
@@ -0,0 +1,20 @@
+MILD COFFEE GROWERS TO MEET IN GUATEMALA
+  A large group of "other milds"
+  coffee-growing nations will hold talks in Guatemala next month
+  to map their strategy for next September's meeting of the
+  International Coffee Organisation (ICO).
+      Mario Fernandez, executive director of the Costa Rican
+  coffee institute, said delegates from Mexico, the Dominican
+  Republic, Peru, Ecuador, India, Papua New Guinea and five
+  central american nations will participate in the two-day
+  strategy session beginning May 4.
+      The main topic will be reform of what many producing
+  countries perceive as the ICO's unfair distribution of export
+  quotas, Fernandez said.
+      He said Costa Rica would press for quotas "based on the
+  real production and export potential of each country in the
+  past few years" and to distribute quotas based on "historic"
+  production levels rather than recent harvests and crop
+  estimates.
+  
+
diff --git a/reuters/test/17039 b/reuters/test/17039
new file mode 100644
index 0000000000000000000000000000000000000000..9ad8c5f79e53d7e63d7d29c1230c55ce4ce3d7d0
--- /dev/null
+++ b/reuters/test/17039
@@ -0,0 +1,27 @@
+US STUDY DISCUSSES DROPPED COMSAT-CONTEL MERGER
+  A congressional study today said the
+  proposed, but now apparently abandoned, merger of the
+  Communications Satellite Corp <CQ> and Contel Corp <CTC>
+  would technically be legal but could violate the spirt of the
+  law setting up COMSAT.
+      Two weeks ago before the study was completed, Contel
+  announced it would seek to terminate the proposed merger.
+      The study by the non partisan Congressional Research
+  Service (CRS) said "the proposed merger appears to comply,
+  technically, with the mandates or letter of statutes, if may
+  nevertheless violate the spirit of the law."
+      Comsat, created by a 1962 act of Congress, and Contel, a
+  corporation of local telephone and communications firms, filed
+  with the Federal Communications Commission last November 3 an
+  application for merger. Several firms had protested the
+  proposed merger.
+      In an analysis of the law, the research service issued
+  several critical comments about the structure of the new firm
+  and said apparent domination by Contel of a restructured COMSAT
+  would have broken the spirit of the law setting up
+  COMSAT.COMSAT is the U.S. arm of Intelstat, the international
+  satellite communications firm. 
+   
+  Reuter...^M
+  
+
diff --git a/reuters/test/17041 b/reuters/test/17041
new file mode 100644
index 0000000000000000000000000000000000000000..3fffc14f6db875a682e6058c2522ba7702867302
--- /dev/null
+++ b/reuters/test/17041
@@ -0,0 +1,13 @@
+BANK OF JAPAN INTERVENES IN TOKYO MARKET
+  The Bank of Japan intervened just after
+  the Tokyo market opened to support the dollar from falling
+  below 140.00 yen, dealers said.
+      The central bank bought a moderate amount of dollars to
+  prevent its decline amid bearish sentiment for the U.S.
+  Currency, they said.
+      The dollar opened at a record Tokyo low of 140.00 yen
+  against 140.70/80 in New York and 141.15 at the close here
+  yesterday. The previous Tokyo low was 140.55 yen set on April
+  15.
+  
+
diff --git a/reuters/test/17042 b/reuters/test/17042
new file mode 100644
index 0000000000000000000000000000000000000000..7ab9dd91c4be8bb06bd4fee828868304777ccceb
--- /dev/null
+++ b/reuters/test/17042
@@ -0,0 +1,19 @@
+AUSTRALIA'S M-3 MONEY SUPPLY RISE 1.5 PCT IN MARCH
+  Australia's M-3 money supply growth was
+  1.5 pct in March and 11.3 pct in the 12 months to March, the
+  Reserve Bank said.
+      This compared with a revised rise of 0.5 pct in February
+  and 11.1 pct in the year to end-February.
+      The Reserve Bank said the M-3 data for March was affected
+  by the start of the operations of <National Mutual Royal
+  Savings Bank Ltd>, which has resulted in the transfer of
+  deposits (equivalent to around 1.5 pct of m-3) from the United
+  Permanent Building Society to National Mutual Royal Savings
+  Bank Ltd.
+      The Reserve Bank said M-3 money supply in March was 110.77
+  billion Australian dlrs compared with a revised 109.11 billion
+  in February and 99.48 billion in March, 1986.
+      M-3 is deposits of the private sector held by trading and
+  savings banks plus holdings of notes and coins.
+  
+
diff --git a/reuters/test/17044 b/reuters/test/17044
new file mode 100644
index 0000000000000000000000000000000000000000..b292e1be6ebb3809cd23af6f8b0907e5e2544ca9
--- /dev/null
+++ b/reuters/test/17044
@@ -0,0 +1,5 @@
+Dollar trades at post-war low of 139.50 yen in Tokyo - brokers
+
+  Dollar trades at post-war low of 139.50 yen in Tokyo - brokers
+  
+
diff --git a/reuters/test/17045 b/reuters/test/17045
new file mode 100644
index 0000000000000000000000000000000000000000..1274bcf7a29b0397d7f326dd8a288f01298fef4c
--- /dev/null
+++ b/reuters/test/17045
@@ -0,0 +1,5 @@
+Many major nations yesterday intervened heavily to aid dlr - Miyazawa
+
+  Many major nations yesterday intervened heavily to aid dlr - Miyazawa
+  
+
diff --git a/reuters/test/17046 b/reuters/test/17046
new file mode 100644
index 0000000000000000000000000000000000000000..737627546cea37f59e2e9d45fc158c6d0f460abc
--- /dev/null
+++ b/reuters/test/17046
@@ -0,0 +1,5 @@
+STANDARD OIL SAYS BRITISH PETROLEUM SHARE TENDER EXTENDED UNTIL MAY 4
+
+  STANDARD OIL SAYS BRITISH PETROLEUM SHARE TENDER EXTENDED UNTIL MAY 4
+  
+
diff --git a/reuters/test/17047 b/reuters/test/17047
new file mode 100644
index 0000000000000000000000000000000000000000..df7c403a27a835f8b871af22cdcc1d22c4d68374
--- /dev/null
+++ b/reuters/test/17047
@@ -0,0 +1,25 @@
+JAPAN HAS NO PLANS FOR NEW MEASURES TO AID DLR
+  Finance Minister Kiichi Miyazawa said
+  Japan has no plans to take new emergency measures to support
+  the dollar, other than foreign exchange intervention.
+      He also told reporters that many major nations yesterday
+  intervened heavily to support the dollar against the yen.
+      Yesterday's intervention was large in terms of the
+  countries involved and the amounts expended, he said.
+      With the continued fall of the dollar against the yen,
+  0speculation had arisen in currency markets here that Japan
+  might take new measures to support the U.S. Currency, such as
+  curbing capital outflows.
+      Miyazawa said that yesterday's news of a 4.3 pct rise in
+  U.S. Gnp in the first quarter had been expected. Although the
+  growth looks robust on the surface, the figures in reality are
+  not that good, he said.
+      He said the ruling Liberal Democratic Party (LDP) is
+  expected to come up with a final set of recommendations of ways
+  to stimulate the Japanese economy before Prime Minister
+  Yasuhiro Nakasone leaves for Washington next week.
+      Commenting on yesterday's report on economic restructuring
+  by a high-level advisory panel to Nakasone, Miyazawa said it
+  was important to put the panel's recommendations into effect.
+  
+
diff --git a/reuters/test/17048 b/reuters/test/17048
new file mode 100644
index 0000000000000000000000000000000000000000..b008ace8d60f27fd6e8402bd9e21a85945d3161f
--- /dev/null
+++ b/reuters/test/17048
@@ -0,0 +1,21 @@
+STANDARD OIL SAYS BP EXTENDS TENDER
+  Standard Oil Co <SRD> said in a brief
+  announcement issued after a meeting of its board of directors
+  that British Petroleum Co PLC <BP.L> (BP) has extended its 70
+  dlr per share tender offer until midnight May 4.
+      The offer for the 45 pct of Standard shares not owned by BP
+  had been due to expire midnight April 28.
+      Standard Oil said discussions with BP concerning the tender
+  were continuing but provided no further details.
+      "So long as those discussions continue, no recommendation
+  will be made to Standard Oil shareholders regarding the offer,"
+  Standard said.
+      Standard directors met at the company's Cleveland
+  headquarters on Thursday in a regularly scheduled meeting. The
+  spokesman was unable to say if the meeting would continue on
+  Friday.
+      A committee of independent directors previously obtained an
+  opinion from First Boston Corp that the Standard shares were
+  worth 85 dlrs each, 15 dlrs more than the BP offer.
+  
+
diff --git a/reuters/test/17051 b/reuters/test/17051
new file mode 100644
index 0000000000000000000000000000000000000000..8dccbb59dd6bfcfc16fc2fe806ed129e2070f0fd
--- /dev/null
+++ b/reuters/test/17051
@@ -0,0 +1,14 @@
+JAPAN DOES NOT INTEND TO EASE CREDIT - OFFICIALS
+  The Bank of Japan does not intend to ease
+  credit policy further, bank officials told Reuters.
+      They were responding to rumours in the Japanese bond market
+  that the central bank was planning to cut its 2.5 pct discount
+  rate soon, possibly before Prime Minister Yasuhiro Nakasone
+  leaves for Washington on April 29.
+      Bank of Japan governor Satoshi Sumita will be in Osaka,
+  western Japan on April 27 and 28 for the annual meeting of the
+  Asian Development Bank, making a rate cut announcement early
+  next week a virtual impossibility, they said. April 29 is a
+  holiday here.
+  
+
diff --git a/reuters/test/17052 b/reuters/test/17052
new file mode 100644
index 0000000000000000000000000000000000000000..53590fd87a39ab0918e58d9ba3a80ffeba26df18
--- /dev/null
+++ b/reuters/test/17052
@@ -0,0 +1,10 @@
+NATIONAL MUTUAL CUTS AUSTRALIAN PRIME TO 17.75 PCT
+  National Mutual Royal Bank Ltd said
+  it would cut its prime rate to 17.75 pct from 18.25, effective
+  April 27.
+      The cut follows a trend toward lower rates started last
+  month and accelerated by Westpac Banking Corp, which yesterday
+  cut its prime to 17.50 pct from 18.25 pct. Westpac's 17.50 pct
+  is the lowest prevailing rate.
+  
+
diff --git a/reuters/test/17053 b/reuters/test/17053
new file mode 100644
index 0000000000000000000000000000000000000000..a66156c8235e3e0ab3f7294f7d72f187a72fc0fd
--- /dev/null
+++ b/reuters/test/17053
@@ -0,0 +1,13 @@
+ELDERS PURCHASE OF CANADIAN BREWER APPROVED
+  Elders IXL Ltd <ELXA.S> said the
+  Canadian government approved its bid for <Carling O'Keefe Ltd>.
+      Elders earlier announced it was buying 10.9 mln shares, or
+  50.1 pct of Carling, from the Canadian subsidiary of Rothmans
+  International Plc <ROT.L> for 18 Canadian dlrs each.
+      Elders chairman John Elliott said in a statement when the
+  offer for the ordinary shares closed on April 23, that
+  acceptances representing over 93 pct of outstanding shares had
+  been received. <IXL Holdings> would proceed to acquire the rest
+  compulsorily, he said.
+  
+
diff --git a/reuters/test/17054 b/reuters/test/17054
new file mode 100644
index 0000000000000000000000000000000000000000..7672bd22e66736586b57094f7e19d12a1e277573
--- /dev/null
+++ b/reuters/test/17054
@@ -0,0 +1,35 @@
+ECUADOR TO USE COLOMBIA OIL LINK FOR FIVE YEARS
+  Ecuador will use a new pipeline link
+  with Colombia to export crude oil for the next five years,
+  Colombian mines and energy minister Guillermo Perry said.
+      The link will be inaugurated on May 8. It was built to
+  allow Ecuador to resume exports of crude oil halted on March 5
+  by earthquake damage to its Lago Agrio to Balao pipeline,
+      Once that pipeline is repaired, Ecuador will exceed its
+  OPEC quota in order to offset lost income and pay debts
+  contracted with Venezuela and Nigeria since the quake, Ecuador
+  mines and energy minister Javier Espinosa said.
+      The two ministers were speaking at a news conference after
+  signing an agreement for joint oil exploration and exploitation
+  of the jungle border zone between the two nations. Drilling
+  will begin in September.
+      "The agreement to transport Ecuadorean crude oil is not only
+  for this emergency period but for the next five years, with
+  possibility of an extension. Between 20,000 and 50,000 barrels
+  per day (bpd) will be pumped along it," Perry said.
+      Espinosa said Ecuador planned to pump 35 mln barrels
+  through the link in the next five years, at a cost of 75 cents
+  per barrel during the first year.
+      The 43-km link, with a maximum capacity of 50,000 bpd, will
+  run from Lago Agrio, the centre of of Ecuador's jungle
+  oilfields, to an existing Colombian pipeline that runs to the
+  Pacific port of Tumaco.
+      Espinosa said the 32-km stretch of the link built on the
+  Ecuadorean side cost 10.5 mln dlrs. Perry gave no figures for
+  Colombia's 11 km segment but said it was "insignificant compared
+  with what we are going to earn."
+      OPEC member Ecuador was pumping around 250,000 bpd before
+  the quake. Lost exports of 185,000 bpd are costing it 90 mln
+  dlrs per month, Espinosa said.
+  
+
diff --git a/reuters/test/17436 b/reuters/test/17436
new file mode 100644
index 0000000000000000000000000000000000000000..03f960e3443664a5cf2ecaf4d82ee5f17d4f150a
--- /dev/null
+++ b/reuters/test/17436
@@ -0,0 +1,14 @@
+IRAN SAYS IT WILL COMBAT GULF INTERVENTION
+  Iranian foreign minister Ali Akbar
+  Velayati warned that Iran would combat any superpower
+  intervention in the Gulf.
+      "Iran, which is the most powerful (country) in the Gulf...
+  Will not allow the superpowers or any other foreign forces to
+  interfere in the region," he said.
+      Velayati, visiting the United Arab Emirates on the first
+  leg of a Gulf tour, told reporters Iran had the "capabilities
+  and means" to prevent any interference. President Reagan has
+  pledged to keep the Gulf sealanes open and to protect Kuwaiti
+  tankers from possible Iranian attack.
+  
+
diff --git a/reuters/test/17440 b/reuters/test/17440
new file mode 100644
index 0000000000000000000000000000000000000000..8e323ed4f661dc63e75aad2777e00eb668e919b3
--- /dev/null
+++ b/reuters/test/17440
@@ -0,0 +1,8 @@
+TOSHIBA CORP <TSBA.T> YEAR ENDED MARCH 31
+  Group shr 11.86 yen vs 19.24
+      Net 34.18 billion vs 59.44 billion
+      Pretax 78.02 billion vs 130.52 billion
+      Operating 51.58 billion vs 121.50 billion
+      Sales 3,308 billion vs 3,373 billion
+  
+
diff --git a/reuters/test/17441 b/reuters/test/17441
new file mode 100644
index 0000000000000000000000000000000000000000..71b7b913a4b52190c64a9e509cd34dd079a89f27
--- /dev/null
+++ b/reuters/test/17441
@@ -0,0 +1,14 @@
+SINGAPORE OIL COMPANIES TO SET OWN PUMP PRICES
+  Singapore oil companies can set their
+  own petrol and diesel prices at the pump from today subject to
+  ceilings determined by their individual wholesale prices, The
+  Ministry of Trade and Industry said.
+      The ministry previously revised pump prices and announced
+  the changes for the oil companies.
+      Lead content of petrol is further cut to 0.15 gm/litre from
+  0.4 gm from today. Pump prices of the lower lead petrol grades
+  are expected to be announced soon by the oil companies which
+  have said wholesale prices are between 1.3 cents/litre to 3.2
+  cents higher than previous grades.
+  
+
diff --git a/reuters/test/17442 b/reuters/test/17442
new file mode 100644
index 0000000000000000000000000000000000000000..bb98110080ed81e96a86d0514fed781b43c9d300
--- /dev/null
+++ b/reuters/test/17442
@@ -0,0 +1,11 @@
+PERU CONSUMER PRICES RISE 5.9 PCT IN MAY
+  Peru's consumer price index rose 5.9 pct in
+  May to 15,706.5 (base 1979) compared to 6.6 pct in April and
+  3.3 pct in May 1986, the National Statistics Institute said.
+      It said accumulated inflation for the first five months of
+  this year was 33.8 pct against 24.1 pct for the same period in
+  1986.
+      Inflation for the year ending May 1987 was 75.7 pct
+  compared to 76.8 pct for the year ending May 1986.
+  
+
diff --git a/reuters/test/17443 b/reuters/test/17443
new file mode 100644
index 0000000000000000000000000000000000000000..f8637155f0d8346d9c3a5efd73554a099c80cd41
--- /dev/null
+++ b/reuters/test/17443
@@ -0,0 +1,24 @@
+CHINA PROVINCE BECOMES GRAIN IMPORTER
+  The south China province of Guangdong is
+  importing millions of tonnes of grain a year from overseas and
+  other parts of China because farmers have switched from grain
+  to more profitable crops, the Peking Review magazine said.
+      The official magazine said the province's grain area fell
+  to 4.33 mln hectares in 1985 from 5.7 mln in 1978 out of a
+  total farmland area of 7.4 mln hectares.
+      Farmers have switched to cash crops such as sugarcane,
+  bananas, oranges, papaya and freshwater fish-farming, in part
+  to supply major consumer markets in Hong Kong and Macao, the
+  magazine said. It gave no 1986 area figures.
+      The magazine said China aims to keep 80 pct of national
+  farmland under grain, 10 pct under cash crops and 10 pct under
+  other crops, although the ratio will vary from place to place.
+      It said primitive cultivation methods, labour-intensity and
+  low productivity make grain the least profitable farm
+  commodity. Farmers in one central region of China can from 0.1
+  hectare earn 2,250 yuan a year from vegetables, 375-450 yuan
+  from cotton or 225 yuan from grain, it added.
+      It said consumer prices for foodgrain can be adjusted only
+  gradually as part of a reform of the entire pricing system.
+  
+
diff --git a/reuters/test/17445 b/reuters/test/17445
new file mode 100644
index 0000000000000000000000000000000000000000..c6e8ec6c826878dca5a8005690e293aaeee9f1cf
--- /dev/null
+++ b/reuters/test/17445
@@ -0,0 +1,5 @@
+Bundesbank's Schlesinger says no plan to cut discount rate-Nihon Keizai newspaper
+
+  Bundesbank's Schlesinger says no plan to cut discount rate-Nihon Keizai newspaper
+  
+
diff --git a/reuters/test/17446 b/reuters/test/17446
new file mode 100644
index 0000000000000000000000000000000000000000..c22de7b1ca6dc3a0d61ce7adacf37f122a92e24e
--- /dev/null
+++ b/reuters/test/17446
@@ -0,0 +1,14 @@
+SINGAPORE PETROLEUM CO REVISES PETROL PUMP PRICES
+  Singapore Petroleum Co Pte Ltd will
+  revise pump prices of petrol from June 2, an official said.
+      Grade 97 octane with 0.15 gm/lead will be 96.8 cents/litre
+  against 94 cents previously for 0.4 gm lead. Grade 92 octane
+  will be 90.6 cents against 87.6 previously.
+      SPC's price revision follows the Ministry of Trade and
+  Industry's move to liberalise petrol pricing by allowing oil
+  companies to set their own pump prices.
+      New grades of petrol with lower lead content are sold in
+  Singapore from today in line with the Ministry of Environment's
+  regulations.
+  
+
diff --git a/reuters/test/17448 b/reuters/test/17448
new file mode 100644
index 0000000000000000000000000000000000000000..be4466a004440c5a3e7c463045c201e4a6918bea
--- /dev/null
+++ b/reuters/test/17448
@@ -0,0 +1,19 @@
+BUNDESBANK REPORTED TO HAVE NO PLAN FOR RATE CUT
+  Bundesbank Deputy President Helmut
+  Schlesinger said the West German central bank had no plan to
+  cut its three pct discount rate, Nihon Keizai newspaper
+  reported.
+      The financial daily quoted Schlesinger as saying in an
+  interview that the bank would try to maintain current interest
+  rate levels for the time being.
+      He also told the newspaper he saw no need for large-scale
+  intervention in the foreign exchange market because exchange
+  rates are stable.
+       Earlier, Schlesinger told a press conference that the
+  Bundesbank would continue its policy of maintaining short-term
+  interest rates at a low level for currency stability.
+      He also said he was satisfied with the current dollar/mark
+  exchange rate but added that he was not certain if it was ideal
+  for the West German economy.
+  
+
diff --git a/reuters/test/17449 b/reuters/test/17449
new file mode 100644
index 0000000000000000000000000000000000000000..6e2a5eea82ac9b8678e109ed3a684d0af6c13c7a
--- /dev/null
+++ b/reuters/test/17449
@@ -0,0 +1,30 @@
+SEOUL ANNOUNCES MORE TARIFF CUTS FOR U.S.
+  South Korea will cut import taxes on 50
+  items, including construction equipment, photographic film,
+  cigarettes and pipe tobacco, to help reduce its trade surplus
+  with the United States, the finance ministry said.
+      The tariff cuts, of between five and 30 percentage points,
+  take effect on July 1.
+      This brings to 157 the number of goods on which import
+  taxes have been cut this year, a ministry official said.
+      The 157 are among about 290 items on which Washington has
+  asked Seoul to lower tariffs, he added.
+      Today's announcement follows Saturday's removal of import
+  curbs on 170 products. For 46 of those products, the U.S. Had
+  had sought free access to the South Korean market.
+      "This is in line with the government's policy to limit our
+  trade surplus with the United States to help reduce trade
+  friction between the two countries," the official said.
+      South Korea's trade surplus with the U.S. Rose to 7.3
+  billion dlrs in 1986 from 4.3 billion in 1985. Officials said
+  the surplus was expected to widen further in 1987 but Seoul
+  would try to hold it below eight billion dlrs.
+      The finance ministry said tariffs would be cut later this
+  month on a further 53 items, including acrylic yarn and
+  ethylene, by an average 7.7 percentage points in order to check
+  inflation.
+      The officials said the tariff cuts would contribute to
+  holding wholesale and consumer price rises at less than three
+  pct this year.
+  
+
diff --git a/reuters/test/17452 b/reuters/test/17452
new file mode 100644
index 0000000000000000000000000000000000000000..eb4c80cd331c9f30065627868c2724d4a3d65605
--- /dev/null
+++ b/reuters/test/17452
@@ -0,0 +1,47 @@
+U.S. STUDY SAYS TARIFFS AND QUOTAS COULD BACKFIRE
+  The use of tariffs and quotas to
+  reduce the flow of foreign goods into the United States will do
+  little to cut the nation's swelling trade deficit, a government
+  study said.
+      In fact, the Federal Trade Commission (FTC) report said,
+  such protectionist policies could make U.S. Products less
+  competitive in the world marketplace by raising the cost of
+  imported products that are re-exported in different forms.
+      "Such policies are much more likely to hurt, rather than
+  help, the productive capabilities of the U.S. Economy," it said.
+      The 218-page report, written by FTC economists John Hilke
+  and Philip Nelson, blamed the rising trade shortfall, which
+  climbed to a record 166.3 billion dlrs last year, on shifting
+  currency exchange rates and growing U.S consumer demand.
+      Other factors commonly blamed for the deficit, such as
+  foreign trade practices, deteriorating U.S. Industrial
+  competitiveness, high labour costs and government restrictions
+  on mergers, added little to the problem, it said.
+      "Although each industry's competitiveness affects the level
+  of imports and exports in that industry, in general we find
+  that there have been no significant industry-specific changes
+  affecting competitiveness that would explain the increase in
+  the overall trade deficit," the study said.
+      "To the extent any government action is needed to deal with
+  the trade deficits, policies should focus on economy-wide
+  phenomena such as exchange rates and relative economic growth,"
+  the FTC study said.
+      Supporting its conclusion that broad-based economic shifts
+  were the cause of the increase in the trade deficit, the report
+  said it found that nearly all U.S. Industries lost some
+  domestic market share to foreign competitors in the 1980s.
+      It also said it found a "fairly direct relationship" between
+  the increased trade deficit and the influence of shifting
+  currency exchange rates, U.S. Economic growth and domestic
+  demand for goods and services, which has outpaced foreign
+  consumer demand.
+      The study examined seven factors which have been commonly
+  blamed for the trade deficit: foreign government subsidies and
+  trade barriers to protect foreign industries, a lack of
+  investment in U.S. Industry, declining research and development
+  in U.S. Industry, high labour costs, union work rules, the oil
+  prices rises of the 1970s and U.S. Antitrust regulations.
+      In each case, the study found little or no evidence that
+  the factor had any impact on the trade deficit.
+  
+
diff --git a/reuters/test/17455 b/reuters/test/17455
new file mode 100644
index 0000000000000000000000000000000000000000..6dac996b13180088aaaecffb229c098e73df15f2
--- /dev/null
+++ b/reuters/test/17455
@@ -0,0 +1,12 @@
+TOKYO EXCHANGE ALLOWS MORE GOLD AND RUBBER BROKERS
+  The Tokyo Commodity Exchange for Industry
+  (TOCOM) said it will allow five more members to become precious
+  metal brokers, taking the total to 54, and four more members to
+  broke rubber, for a total of 39.
+      An exchange official told Reuters the Ministry of
+  International Trade and Industry is expected to approve the the
+  new brokers by mid-June.
+      The move has been under study since early May in response
+  to requests by non-broker members of the exchange.
+  
+
diff --git a/reuters/test/17457 b/reuters/test/17457
new file mode 100644
index 0000000000000000000000000000000000000000..7bbac70d8abfc29993e7014e9250295acbf36ca7
--- /dev/null
+++ b/reuters/test/17457
@@ -0,0 +1,25 @@
+RENISON GC AND CITY RESOURCES SET PNG GOLD VENTURE
+  Renison Goldfields Consolidated Ltd
+  <RGFJ.S> (RGC) and explorer <City Resources Ltd> have agreed in
+  principle on a joint venture to re-examine the Bulolo alluvial
+  gold field in Papua New Guinea, City Resources said.
+      City Resources would progressively earn up to 66.66 pct of
+  RGC's Prospecting Authority 585, which covers all the field, by
+  spending a total of 6.5 mln kina, it said in a statement.
+      It said it believed Bulolo was not fully exploited in the
+  past, noting the literature refers to heavy gold losses in
+  tailings during dredging from 1931 to 1967 which produced a
+  total of 2.1 mln ounces.
+      City Resources also said previous dredging was only carried
+  out to a depth of 36 metres and high grade gold values are
+  reported to at least 60 metres in the central part of the
+  Bulolo Valley and possibly as deep as 90 metres.
+      In its productive life, recovered average grade at Bulolo
+  was 0.3 rpt 0.3 grams a tonne from some 207 mln cubic metres of
+  gravel, it said. City Resources will act as operator.
+      The Bulolo field, in Morobe Province, was the first
+  successful gold mining operation of <Placer Development Ltd>
+  after it was floated in Canada in 1926. It operated the field
+  until dredging ceased in 1967.
+  
+
diff --git a/reuters/test/17462 b/reuters/test/17462
new file mode 100644
index 0000000000000000000000000000000000000000..c2f1af40ad92004aac011c226d853042078b0434
--- /dev/null
+++ b/reuters/test/17462
@@ -0,0 +1,14 @@
+MOSCOW SAYS WILL RETALIATE AGAINST GULF ATTACKS
+  Any Iranian attack on Soviet ships in the
+  Gulf will bring a forceful and violent response, a Soviet
+  foreign ministry official said in an interview published here.
+      Alexander Ivanov, head of the Gulf desk at the Soviet
+  Foreign Ministry, told Al-Rai al-Aam newspaper Moscow "will
+  answer back with force and violence if Iran attempts to attack
+  any Soviet ship or tanker in the Gulf." A Soviet tanker hit a
+  mine in the Gulf last month.
+      Ivanov also accused the United States of stepping up the
+  regional crisis and of failing to exert genuine efforts to end
+  the Iran-Iraq war.
+  
+
diff --git a/reuters/test/17463 b/reuters/test/17463
new file mode 100644
index 0000000000000000000000000000000000000000..35fb826abea923aa2bb5b560d9c7891f7443fb8f
--- /dev/null
+++ b/reuters/test/17463
@@ -0,0 +1,12 @@
+MOBIL RAISES SINGAPORE PETROL PUMP PRICES
+  Mobil Oil Singapore Pte Lte will raise
+  pump prices of petrol from June 2, a spokeswoman said.
+      Grade 97 octane with 0.15 gm lead will be 96.8 cents/litre
+  against 94 cents previously for 0.4 gm lead. Grade 92 octane
+  will be 90.2 cents against 87.6 previously.
+      SPC earlier announced its pump prices of 96.8 cents and
+  90.6 cents for 97 and 92 octane, respectively, for 0.15 gm lead
+  petrol which is being sold in Singapore from today in line with
+  the Ministry of Environment's regulations.
+  
+
diff --git a/reuters/test/17470 b/reuters/test/17470
new file mode 100644
index 0000000000000000000000000000000000000000..f2ff1ab5ed6039838bf6c3896eb97854cefbdfce
--- /dev/null
+++ b/reuters/test/17470
@@ -0,0 +1,22 @@
+WINDOW FOR BANK AID IN KUWAIT REMAINS SHUT
+  The Kuwait Central Bank kept its window
+  for funds to the domestic interbank deposit market shut as
+  banks returned from a four day holiday, dealers said.
+      The move drove short-term interest rates sharply higher,
+  with overnight and tomorrow-next funds more than doubling from
+  last Wednesday and hitting 20 pct.
+      There were few offers in a tight market and traders
+  scrambled for any available funds. One-month to one-year
+  deposits were indicated one point higher at eight, seven pct
+  but there was little activity at the longer end of the market.
+      Bankers see the suspension of central bank aid as a
+  deliberate move to drive up Kuwaiti dinar interest rates and
+  stem a flow of funds out of the country, where market
+  nervousness is increasing over the growing tension in the Gulf.
+      The central bank's move has been combined with a steady cut
+  in the dinar exchange rate.
+      Today's rate was reduced to 0.27939/73 to the dollar from
+  0.27758/92 on Wednesday before the four day bank holiday that
+  celebrated the end of the fasting month of Ramadan.
+  
+
diff --git a/reuters/test/17472 b/reuters/test/17472
new file mode 100644
index 0000000000000000000000000000000000000000..f1695cbba2f356a65d8667ef89229e4d778b2d60
--- /dev/null
+++ b/reuters/test/17472
@@ -0,0 +1,12 @@
+SHELL, CALTEX, BP REVISE SINGAPORE PETROL PRICES
+  Shell Eastern Pte Ltd will revise pump
+  prices of petrol from 2300 hours local while Caltex Asia Ltd
+  and BP Singapore Pte Ltd will revise theirs at midnight
+  tonight, company officials said.
+      Caltex and Shell will set prices of 0.15 gm lead at 96.8
+  cents/litre for 97 octane and 90.2 cents for 92 octane. BP will
+  set prices at 96.8 cents/litre and 90.6 cents, respectively.
+  Previous industry pump prices for 0.4 gm lead were 94 cents for
+  97 octane and 87.6 cents for 92 octane.
+  
+
diff --git a/reuters/test/17473 b/reuters/test/17473
new file mode 100644
index 0000000000000000000000000000000000000000..c9cc28cff807abba78827c8b83495aa8dc164997
--- /dev/null
+++ b/reuters/test/17473
@@ -0,0 +1,10 @@
+BANGLADESH TO IMPORT 60,000 TONS OF DIESEL FROM USSR
+  Bangladesh will import 60,000 tons of high
+  speed diesel oil from the Soviet Union under a barter agreement
+  signed here last week, Bangladesh petroleum Corporation
+  officials said.
+      The oil worth about 10 mln U.S. Dlrs will be shipped by
+  December this year, they added but did not say what Bangladesh
+  would sell in return to the Soviet Union.
+  
+
diff --git a/reuters/test/17477 b/reuters/test/17477
new file mode 100644
index 0000000000000000000000000000000000000000..8a9e5492b8d2adf473f8e702f48ec7e799ef4c48
--- /dev/null
+++ b/reuters/test/17477
@@ -0,0 +1,78 @@
+PHILIPPINE COCONUT CHIEF TO LOBBY AGAINST EC TAX
+  Philippine Coconut Authority (PCA)
+  chairman Jose Romero said he would visit Brussels later this
+  month to lobby against a proposed 100 pct European Community
+  (EC) levy on vegetable oil imports.
+      "I intend to visit Brussels and talk to whoever is putting
+  up this devilish scheme to impoverish third world countries
+  like the Philippines," Romero said in an interview.
+      He said he did not know how much support the levy had
+  within the EC but he said he believed those originally opposed
+  to the tax were under pressure to change their position.
+      Romero said a group of EC members led by West Germany, the
+  Netherlands, Denmark and Norway were opposed to the tax. But
+  there was a danger some of them would be persuaded to change
+  sides, and if that happened opposition could crumble.
+      Romero said another threat to exports lay in an EC warning
+  that copra meal cake used in livestock feeds contained
+  dangerous levels of aflatoxin, a carcinogenic chemical.
+      He said the EC standard of 0.02 parts of aflatoxin per
+  million parts of meal, which EC countries had been asked to
+  apply by October 1988, was too rigid. He said Philippine copra
+  cake contained much higher levels of aflatoxin.
+      Aflatoxin comes from moulds which develop in copra when it
+  is not properly dried or ground.
+      Romero said he would tell big buyers of copra meal in
+  London that the Philippines was doing its best to meet EC
+  standards. It was also trying to eliminate aflatoxin totally,
+  but this was likely to take several years of research.
+      Copra meal exports were 817,641 tonnes or 35 pct of total
+  coconut exports in 1986. The meal was worth 73.5 mln dlrs.
+      Romero said he would also visit Oxford University's
+  department of agricultural economics to discuss ways of
+  avoiding the copra process altogether.
+      "There are ways of producing coconut products outside of
+  copra," Romero said. "We can process fresh coconut without drying
+  the meat in the sun. Through the wet process we can process
+  coconuts into other food or non-food products, or we can go to
+  the chemical root."
+      He said there was a tendency for agricultural countries to
+  become more protectionist and he expected export prices of
+  coconut products to drop.
+      "In the long term we will be getting less and less for more
+  and more production, and I'm not comfortable with that," he
+  said.
+      With countries like Indonesia and Malaysia stepping up
+  production of palm oil, a coconut oil substitute, palm oil
+  output had risen nearly 70 pct since 1971, Romero said.
+      "To add to that the U.S. Soybean Association is spending
+  billions of dollars to discredit palm oil and coconut oil by
+  saying that they are polysaturated fats and bad for the heart,"
+  he said.
+      Romero said he expected coconut product export prices to
+  stay up for the rest of the year. They would probably touch a
+  high of 20 cents/pound from the current level of 18.59 cents,
+  and a sharp rise from year-ago levels of 10.50 cents.
+      Romero said the Philippines was at the end of a five-year
+  coconut production cycle which showed production tended to fall
+  after two successive years of good harvests.
+      He said 1985 and 1986 were good harvests and this year, to
+  add to the production fall, drought had affected output.
+      "Traders are stocking up and when they have overbought the
+  prices will start declining again. The only sure way to keep
+  prices stable is by processing, adding more value," he said.
+      Coconut farmers were being encouraged to intercrop by
+  planting other cash crops between coconut trees, he said.
+      "A typical farm may have from 100 to 150 trees sitting on
+  10,000 square metres of land. That's a lot of space," Romero
+  said. He said the government's proposed land reform program
+  would exclude about 75 pct of the coconut farmers because they
+  had less than the proposed seven-hectares of land.
+      "If the idea of land reform is to increase income levels,
+  production and employment then it won't happen," he said.
+      PCA figures show about one-third of the country's
+  population is dependent on the coconut industry.
+      Coconuts are planted on about 3.2 mln hectares or
+  one-fourth of total agricultural land.
+  
+
diff --git a/reuters/test/17478 b/reuters/test/17478
new file mode 100644
index 0000000000000000000000000000000000000000..b54ab8267345c2d77b36f8a96b5455e90a92d369
--- /dev/null
+++ b/reuters/test/17478
@@ -0,0 +1,36 @@
+PEMEX OFFICIAL SAYS OPEC OUTPUT CRITICAL TO PRICE
+  Crude oil prices could remain around 18
+  dlrs a barrel until the end of the year, but OPEC's decision on
+  output at its next meeting would be the critical factor, an
+  official of Mexico's state oil company, Petroleos Mexicanos
+  (Pemex), told a group of Japanese businessmen.
+      Adrian Lajous, Pemex' executive vice president of
+  international trade, said current OPEC output already appeared
+  to be very near the 16.6 mln barrel per day level it set itself
+  for the third quarter. "Production is surging ahead of what was
+  originally planned, while demand is growing more slowly than
+  envisaged a few months ago," he said.
+      He said OPEC had to look very carefully at what level of
+  production in the third quarter would effectively sustain the
+  18 dlrs price, and that an increase to what had originally been
+  envisaged might soften price levels.
+      The 13-member cartel is scheduled to meet on June 25 in
+  Vienna to review its December accord on prices and output.
+      "I hope OPEC will follow a very conservative attitude in
+  terms of volume decisions," Lajous said.
+      A repetition of what happened last year, when OPEC boosted
+  output and sent oil prices tumbling down below 10 dlrs, is
+  always there as a possibility, he said.
+      "I hope never again to go through the trauma of 1986. I
+  expect other oil exporters have learned their lessons and
+  discipline will be maintained," he said.
+      Lajous said there was still excess supply and as long as
+  this remains there will be a tendency to instability in oil
+  markets, but prices should remain around 18 to 19 dlrs during
+  1987 if output remains under control.
+      He said Saudi King Fahd's remarks last month, that
+  increased production was not so important as long as incomes
+  would not be affected by the output, were "very relevant and
+  welcome from such a powerful producer."
+  
+
diff --git a/reuters/test/17479 b/reuters/test/17479
new file mode 100644
index 0000000000000000000000000000000000000000..b11e8aff47a8dcb35f678ed93c2fbd9e7c848401
--- /dev/null
+++ b/reuters/test/17479
@@ -0,0 +1,20 @@
+CONISTON GROUP TO CONTINUE BID FOR ALLEGIS <AEG>
+  An investor group led by Coniston
+  Partners said it plans to continue its effort to gain control
+  of Allegis Corp despite the defensive maneuvers Allegis
+  announced last week.
+      Allegis said then that it would borrow three billion dlrs
+  and pay shareholders a dividend of 60 dlrs per share, lowering
+  the company's net worth. The Coniston group, which owns 13 pct
+  of Allegis stock, has said that it would seek shareholder
+  consents to remove 13 of the 16 Allegis directors. The group
+  had said it would consider breaking up Allegis into its
+  airline, hotel and vehicle rental components if it succeeded.
+      The Coniston group said it expects to make a further
+  announcement today on its plans for Allegis.
+      Wall Street analysts and traders had not expected Coniston
+  to abandon its pursuit of Allegis as a result of the Allegis
+  defensive measures.
+      Allegis officials were unavailable for comment.
+  
+
diff --git a/reuters/test/17480 b/reuters/test/17480
new file mode 100644
index 0000000000000000000000000000000000000000..e48e701f9f6347ac67f5afc753ae4187cfdbc24b
--- /dev/null
+++ b/reuters/test/17480
@@ -0,0 +1,40 @@
+COMINCO LEAD/ZINC UNION REJECTS CONTRACT
+  Three United Steelworkers
+  of America locals on strike at Cominco Ltd rejected a tentative
+  three-year contract, a union representative said.
+      "The vote was 1,229, or 54.5 pct, against, and 1,028, or
+  45.5 pct, for the contract. Eighty-one pct of the membership
+  voted," he said.
+      The union representative said that the pact offered cost of
+  living increases designed to keep pace with inflation, but
+  contained no wage increase.
+      The locals' bargaining committees are expected to meet and
+  prepare for the reopening of negotiations with Cominco, he
+  said.
+      The three locals cover about 2,600 production and
+  maintenance workers at Cominco's Trail smelter and Kimberley,
+  B.C. lead-zinc mine.
+      Output at both sites has been shut down since the
+  production and maintenance workers, along with about 600 office
+  and technical workers, went on strike May 9.
+      The two Steelworkers locals representing the office and
+  technical workers have not negotiated since May 21.
+      The strike caused Cominco to declare force majeure, which
+  means the company may not be able to honor contracts for
+  products from the smelter and mine.
+      Each of the five locals have separate contracts, all of
+  which expired April 30, but the main issues are similar.
+      The union had requested a three pct wage increase in each
+  year of a two-year contract. Cominco had pressed for a
+  three-year contract and some loosening of the rules on job
+  classifications.
+      The Trail smelter, about 400 miles east of Vancouver,
+  produced 240,000 long tons of zinc and 110,000 long tons of
+  lead last year. The Sullivan mine at Kimberley, about 450 miles
+  east of Vancouver, produced 2.2 mln long tons of ore last year,
+  most for processing at the Trail smelter.
+      The smelter also produced cadmium, bismuth and indium.
+      Revenues from the Trail smelter totalled 356 mln Canadian
+  dlrs in 1986.
+  
+
diff --git a/reuters/test/17481 b/reuters/test/17481
new file mode 100644
index 0000000000000000000000000000000000000000..e16ac1f060922daace3d8ac96c20ffa704ca4a52
--- /dev/null
+++ b/reuters/test/17481
@@ -0,0 +1,5 @@
+SPECTRA-PHYSICS REJECTS CIBA-GEIGY TENDER OFFER
+
+  SPECTRA-PHYSICS REJECTS CIBA-GEIGY TENDER OFFER
+  
+
diff --git a/reuters/test/17484 b/reuters/test/17484
new file mode 100644
index 0000000000000000000000000000000000000000..eba6e43cd1946088cd3307d982630faf80de237b
--- /dev/null
+++ b/reuters/test/17484
@@ -0,0 +1,5 @@
+FIRST CITY INDUSTRIES SELLS YALE AND NUTONE UNITS FOR 400 MLN DLRS AND SECURITIES
+
+  FIRST CITY INDUSTRIES SELLS YALE AND NUTONE UNITS FOR 400 MLN DLRS AND SECURITIES
+  
+
diff --git a/reuters/test/17486 b/reuters/test/17486
new file mode 100644
index 0000000000000000000000000000000000000000..c0907ab44686375f401140bb281ab0f6d61e2b1b
--- /dev/null
+++ b/reuters/test/17486
@@ -0,0 +1,42 @@
+COMINCO <CLT.TO> UNION REJECTS CONTRACT
+  Three United
+  Steelworkers of America locals on strike at Cominco Ltd
+  rejected a tentative three-year contract, a union
+  representative said.
+       "The vote was 1,229, or 54.5 pct, against, and 1,028, or
+  45.5 pct, for the contract. Eighty-one pct of the membership
+  voted," he said.
+       The union representative said that the pact offered cost
+  of living increases designed to keep pace with inflation, but
+  contained no wage increase.       
+      The locals' bargaining committees are expected to meet and
+  prepare for the reopening of negotiations with Cominco, he
+  said.
+       The three locals cover about 2,600 production and
+  maintenance workers at Cominco's Trail smelter and Kimberley,
+  B.C. lead-zinc mine.
+       Output at both sites has been shut down since the
+  production and maintenance workers, along with about 600 office
+  and technical workers, went on strike May nine.     
+       The two Steelworkers locals representing the office and
+  technical workers have not negotiated since May 21.
+       The strike caused Cominco to declare force majeire, which
+  means the company may not be able to honor contracts for
+  products from the smelter and mine.
+      Each of the five locals have separate contracts, all of
+  which expired April 30, but the main issues are similar.       
+  
+       The union had requested a three pct wage increase in each
+  year of a two-year contract. Cominco had pressed for a
+  three-year contract and some loosening of the rules on job
+  classifications.
+       The Trail smelter, about 400 miles east of Vancouver,
+  produced 240,000 long tons of zinc and 110,000 long tons of
+  lead last year. The Sullivan mine at Kimberley, about 450 miles
+  east of Vancouver, produced 2.2 mln long tons of ore last year,
+  most for processing at the Trail smelter.
+       The smelter also produced cadmium, bismuth and indium.
+       Revenues from the Trail smelter totalled 356 mln Canadian
+  dlrs in 1986.        
+  
+
diff --git a/reuters/test/17487 b/reuters/test/17487
new file mode 100644
index 0000000000000000000000000000000000000000..29c1f5a3245fd6b8e0ff6156d04be5bc8a5e5a4b
--- /dev/null
+++ b/reuters/test/17487
@@ -0,0 +1,5 @@
+BOEING CO TO ACQUIRE ARGOSYSTEMS FOR 37 DLRS A SHARE
+
+  BOEING CO TO ACQUIRE ARGOSYSTEMS FOR 37 DLRS A SHARE
+  
+
diff --git a/reuters/test/17488 b/reuters/test/17488
new file mode 100644
index 0000000000000000000000000000000000000000..9d0590950d3d37be1ec49e8865a50d7e24de0725
--- /dev/null
+++ b/reuters/test/17488
@@ -0,0 +1,23 @@
+FIRST CITY <FCY> SELLS YALE, NUTONE UNITS
+  First City Industries Inc
+  said it has reached a definitive agreement to sell its Nuton
+  and Yale security subsidiaries to Valor PLC for 400 mln dlrs
+  and warrants to purchase two mln Valor ordinary shares.
+      In addition, the company said it will recieve a special
+  dividend of 60 mln dlrs from Nutone and Yale and it has agreed
+  to buy 35 mln dlrs of Valor convertible preference shares.
+      First City said it is seeking to increase shareholder
+  values by improving and realizing the values inherent in its
+  operating subsidiaries.
+      The company said the transaction is subject to approval by
+  shareholders of Valor and is expected to be completed within 40
+  days.
+      It said Valor has arranged financing through an issue of
+  ordinary and convertible preference shares underwritten by
+  Hoare Govette Ltd and Barclays de Zoete Wedd Ltd.
+      Nutone makes built-in electric products for the housing
+  market and Yale makes door locks and electronic security
+  products.
+      Valor makes home products.
+  
+
diff --git a/reuters/test/17489 b/reuters/test/17489
new file mode 100644
index 0000000000000000000000000000000000000000..d2fed21e159f18d1a8ea04c138c1bb135cdc5f1f
--- /dev/null
+++ b/reuters/test/17489
@@ -0,0 +1,6 @@
+GENOVESE DRUG STORES INC <GDXA.O> 1ST QTR MAY 22
+  Shr 23 cts vs seven cts
+      Net 911,000 vs 293,000
+      Sales 88.1 mln vs 74.8 mln
+  
+
diff --git a/reuters/test/17491 b/reuters/test/17491
new file mode 100644
index 0000000000000000000000000000000000000000..047707521f23dd93a68ef03470e3857a1da33a0f
--- /dev/null
+++ b/reuters/test/17491
@@ -0,0 +1,12 @@
+NATIONAL SECURITY <NSIC.O> STAKE ACQUIRED
+  National Security Insurance Co said a
+  group of investors has acquired 226,243 common shares, or a
+  22.2 pct, interest, for 27.50 dlrs per share.
+      The company said the acquisition of the portion of the
+  shares over a five pct interest is subject to approval by the
+  Alabama Department of Insurance.
+      It said the sellers included Atlantic American Corp
+  <AAME.O>, Bankers Fidelity Life Insurance Co and Georgia
+  Casualty Insurance Co.
+  
+
diff --git a/reuters/test/17492 b/reuters/test/17492
new file mode 100644
index 0000000000000000000000000000000000000000..7261c8682c4aa58f8ea51d649f96f7a6b552b060
--- /dev/null
+++ b/reuters/test/17492
@@ -0,0 +1,9 @@
+GAS CARRIER ESCAPED GULF ATTACK LAST WEEK - LLOYDS
+  The Panamanian liquified gas carrier
+  Nyhammer, 48,772 dwt, was attacked by an Iranian gunboat on May
+  24, Lloyds Shipping Intelligence said.
+      One rocket was fired but missed.
+      The vessel subsequently arrived at its destination of Ras
+  Tanura on May 25 and left this morning.
+  
+
diff --git a/reuters/test/17493 b/reuters/test/17493
new file mode 100644
index 0000000000000000000000000000000000000000..8666d0cd7ae54af2ed153eb3139942a14a195620
--- /dev/null
+++ b/reuters/test/17493
@@ -0,0 +1,5 @@
+COMPUTER ASSOCIATES TO ACQUIRE UCCEL CORP FOR ABOUT 800 MLN DLRS
+
+  COMPUTER ASSOCIATES TO ACQUIRE UCCEL CORP FOR ABOUT 800 MLN DLRS
+  
+
diff --git a/reuters/test/17494 b/reuters/test/17494
new file mode 100644
index 0000000000000000000000000000000000000000..a4c191be934eba88d267eabd37fe1708031a8c1b
--- /dev/null
+++ b/reuters/test/17494
@@ -0,0 +1,14 @@
+SRI LANKAN TEA WORKERS LAUNCH ONE-DAY PROTEST
+  Thousands of tea workers of Indian origin
+  went on strike today to press demands for citizenship and
+  voting rights in Sri Lanka, a union statement said.
+      The Ceylon Workers Congress (CWC) said its 400,000 members
+  launched a prayer campaign at temples and other places in a
+  non-violent protest to get the authorities to expedite
+  citizenship procedures.
+      A CWC spokesman said a three-day campaign was suspended
+  after a Cabinet committee promised to speed up procedures under
+  a new set of regulations. Trade sources said the strike did not
+  affect production or today's Colombo auction.
+  
+
diff --git a/reuters/test/17499 b/reuters/test/17499
new file mode 100644
index 0000000000000000000000000000000000000000..6abaae5f412a04010858133404240071e7f2a1e5
--- /dev/null
+++ b/reuters/test/17499
@@ -0,0 +1,34 @@
+DUTCH COCOA PROCESSORS UNHAPPY WITH ICCO BUFFER
+  Dutch cocoa processors are unhappy with
+  the intermittent buying activities of the International Cocoa
+  Organization's buffer stock manager, industry sources told
+  Reuters.
+      "The way he is operating at the moment is doing almost
+  nothing to support the market. In fact he could be said to be
+  actively depressing it," one company spokesman said.
+      Including the 3,000 tonnes he acquired on Friday, the total
+  amount of cocoa bought by the buffer stock manager since he
+  recently began support operations totals 21,000 tonnes.
+      Despite this buying, the price of cocoa is well under the
+  1,600 Special Drawing Rights, SDRs, a tonne level below which
+  the bsm is obliged to buy cocoa off the market.
+      "Even before he started operations, traders estimated the
+  manager would need to buy at least up to his 75,000 tonnes
+  maximum before prices moved up to or above the 1,600 SDR level,
+  and yet he appears reluctant to do so," one manufacturer said.
+      "We all hoped the manager would move into the market to buy
+  up to 75,000 tonnes in a fairly short period, and then simply
+  step back," he added.
+      "The way the manager is only nibbling at the edge of the
+  market at the moment is actually depressing sentiment and the
+  market because everyone is holding back from both buying and
+  selling waiting to see what the manager will do next," one
+  processor said.
+      "As long as his buying tactics remain the same the market is
+  likely to stay in the doldrums, and I see no indication he is
+  about to alter his methods," he added.
+      Processors and chocolate manufacturers said consumer prices
+  for cocoa products were unlikely to be affected by buffer stock
+  buying for some time to come.
+  
+
diff --git a/reuters/test/17501 b/reuters/test/17501
new file mode 100644
index 0000000000000000000000000000000000000000..525b23da280f7b6c86b57ba51a26ba9b61c7e9dd
--- /dev/null
+++ b/reuters/test/17501
@@ -0,0 +1,5 @@
+ENTERTAINMENT MARKETING SEEKS TO BUY CRAZY EDDIE FOR EIGHT DLRS A SHARE
+
+  ENTERTAINMENT MARKETING SEEKS TO BUY CRAZY EDDIE FOR EIGHT DLRS A SHARE
+  
+
diff --git a/reuters/test/17502 b/reuters/test/17502
new file mode 100644
index 0000000000000000000000000000000000000000..602358ee072e27c37908a6e242a80be7f4334bd3
--- /dev/null
+++ b/reuters/test/17502
@@ -0,0 +1,32 @@
+SPECTRA-PHYSICS <SPY> BOARD REJECTS TENDER OFFER
+  Spectra-Physics Inc said its
+  board rejected a 32 dlrs per share unsolicited tender offer for
+  the company's stock from Ciba-Geigy Ltd <CIGZ.Z>, which already
+  holds 18.8 pct of the stock.
+      Spectra-Physics said it also filed a lawsuit in Delaware
+  federal court this morning seeking to enjoin the offer and
+  alleging, among other things, that the offer vilates federal
+  securities laws, certain agreements between Ciba-Geigy and
+  Spectra-Physics, and Ciba-Geigy's fiduciary duties.
+      Spectra-Physics said the two Ciba-Geigy designess to its
+  board were not present at yesterday's special meeting which
+  voted to reject the offer as financially inadequate, unfair and
+  not in the best interests of Spectra-Physics or its
+  stockholders.
+      The company said the board also authorized a special
+  committee of outside directors to take whatever steps it deems
+  necessary to protect the interests of Spectra-Physics and its
+  stockholders and to investigate all alternatives to maximize
+  the value of the stock, including talks with third parties.
+      Spectra-Physics said a letter communicating the board's
+  recommendation and reasons therefore is being mailed to
+  stockholders.
+      It said Robert Bruce, Reliance Group Holdings Inc's <REL>
+  designee on Spectra-Physics' board, resigned his position on
+  May 29. His letter of resignation said the action was to
+  alleviate Ciba-Geigy's stated justification for making the
+  unsolicited offer that it had not contemplated another
+  significant investor having representation on the board when
+  its Spectra-Physics' investment was made.
+  
+
diff --git a/reuters/test/17503 b/reuters/test/17503
new file mode 100644
index 0000000000000000000000000000000000000000..c1d3a6e27225c68584cf227220c650fa28e417a7
--- /dev/null
+++ b/reuters/test/17503
@@ -0,0 +1,39 @@
+FRENCH SAY WHEAT STOCKS FORECAST NO SURPRISE
+  The U.S. Department of Agriculture's
+  forecast that French end-of-season soft wheat stocks will
+  almost double in 1987/88 is premature but would not be
+  surprising, according to French cereal organisation officials.
+      The Cereals Intervention Board, ONIC, Wheat Producers'
+  Association and the National Union of Agricultural and Cereal
+  Cooperatives have not yet forecast 1987/88 exports or
+  end-of-season stocks.
+      However, the officials said the USDA's figure of end
+  1987/88 stocks at 5.03 mln tonnes against 1986/87's 2.87 mln
+  was not surprising given a record high yield forecast in April.
+      The French Feed Cereals Research Institute, ITCF, forecast
+  in mid-April an average yield of 6.58 tonnes per hectare for
+  soft wheat in 1987/88 compared with 5.6 tonnes in 1986/87 and
+  the record high yield of 6.5/6.6 tonnes in 1984.
+      This would result in a French soft wheat harvest of around
+  31 mln tonnes against 25.5 mln in 1986/87, given a Ministry of
+  Agriculture estimate of area planted of 4.66 mln hectares
+  against 4.61 mln in 1986/87.
+      ONIC's first preliminary forecast of the 1987/88 campaign
+  will be released at the beginning of September, an ONIC
+  official said.
+      Soft wheat exports in 1987/88 were extremely difficult to
+  estimate at this stage, both within the European Community and
+  to non-EC countries, an ONIC official said.
+      He said, however, that among countries to which France
+  could increase its wheat exports were Egypt and the Maghreb
+  countries (Morocco, Algeria and Tunisia), he said.
+      The USDA's forecast of an 11.65 mln tonne maize crop in
+  1987/88 against 11.48 mln in 1986/87, while again premature,
+  was not out of line with estimates of the French Maize
+  Producers Association, AGPM, an AGPM official said.
+      Maize plantings would be down in 1987/88 but yields were
+  expected to be higher, the AGPM official said.
+      It estimated 1987/88 maize plantings of 1.73 mln hectares,
+  down seven pct from the 1.87 mln hectares planted in 1986/87.
+  
+
diff --git a/reuters/test/17506 b/reuters/test/17506
new file mode 100644
index 0000000000000000000000000000000000000000..19770aefc3c6c2d82f2f15c06a8caf1c1599b64c
--- /dev/null
+++ b/reuters/test/17506
@@ -0,0 +1,47 @@
+BOEING <BA> TO ACQUIRE DEFENSE ELECTRONICS FIRM
+  Boeing Co and ARGOSystems Inc <ARGI.O>
+  said they reached an agreement for Boeing to acquire the
+  Sunnyvale, Calif., defense electronics firm for about 275 mln
+  dlrs.
+      The boards of both companies have approved the merger,
+  which will be accomplished through a tender offer by a Boeing
+  subsidiary of 37 dlrs a share cash for all of ARGOSystems'
+  shares, the companies said.
+      Under the agreement, the Boeing subsidiary, TBC Holdings
+  Corp, will begin the tender offer promptly. If at least 90 pct
+  of the shares are not tendered, the offer will be prorated to
+  49 pct, the companies said.
+      ARGOSystems has granted Boeing an option to buy 1,238,311
+  shares or 18.5 pct of the outstanding stock for 37 dlrs a
+  share, they said.
+      Also, Bill May, chairman of ARGOSystems, and three other
+  officers have granted Boeing an option to buy their shares,
+  another 8.9 pct of the outstanding stock, for 37 dlrs a share.
+      ARGOSystems makes equipment to monitor and analyze military
+  communications signals, electronic warfare equipment to monitor
+  and jam radar signals and signal processing systems.
+      For the nine months ended March 31, 1987, ARGOSystems
+  reported earnings more than doubled to 6.3 mln dlrs or 95 cts a
+  share from 3.1 mln dlrs or 46 cts. The year-ago period included
+  a 2.2 mln dlr charge from a writedown of securities. Sales rose
+  23.5 pct to 70.9 mln dlrs.
+      Sales are expected to exceed 100 mln dlrs for the fiscal
+  year ending June 30, the companies said in a joint statement.
+      The company's backlog is currently more than 180 mln dlrs,
+  they said. It has about 1,200 employees.
+      About 30 pct of ARGOSystems' business comes from
+  international customers.
+      "ARGOSystems is a clear leader in its field. This
+  association will expand our overall activities and
+  significantly enhance our ability to compete in the defense
+  electronics area," Boeing president Frank Shrontz said in a
+  statement.
+      ARGOSystems will operate as a wholly owned subsidiary of
+  Boeing Co.
+      The merger following the tender offer will be subject to
+  approval by ARGOSystems shareholders, the companies said.
+      The tender offer and merger are subject to customary
+  conditions and expiration of the Hart-Scott-Rodino notification
+  waiting period, they said.
+  
+
diff --git a/reuters/test/17507 b/reuters/test/17507
new file mode 100644
index 0000000000000000000000000000000000000000..e1135a1ad8b04f36311b33c45616108c2b592e47
--- /dev/null
+++ b/reuters/test/17507
@@ -0,0 +1,21 @@
+COMPUTER ASSOCIATES <CA>, UCCEL SET MERGER
+  Computer Associates International Inc
+  and UCCEL Corp <UCE> said they have signed a definitive merger
+  agreement under which Computer Associates will pay about 800
+  mln dlrs in stock for all outstanding UCCEL shares.
+      The companies said under the terms of the agreement, all
+  UCCEL shareholders will receive about 1.69 shares of Computer
+  common stock for each of the approximately 17 mln UCCEL shares
+  outstanding.
+     
+      According to the companies, this would amount to about
+  47.50 dlrs per UCCEL share, based on May 29 New York Stock
+  Exchange closing prices.
+      Closing of the transaction is anticipated in August, the
+  companies said. The companies said the resulting company wil
+  retain the name Computer Associates International Inc.
+      Additionally, the companies said Charles Wang, currently
+  Computer Associates chairman and chief executive, will continue
+  as chairman of the new company.
+  
+
diff --git a/reuters/test/17509 b/reuters/test/17509
new file mode 100644
index 0000000000000000000000000000000000000000..7b1f55ba0dabebf44c18d5eec55a8e65dbf8e50d
--- /dev/null
+++ b/reuters/test/17509
@@ -0,0 +1,30 @@
+ZAMBIA CUTS PRICES AS TROOPS PATROL COPPERBELT
+  The Zambian government today announced
+  minor price cuts for essential commodities as part of its new
+  economic strategy, while police and troops patrolled the
+  northern Copperbelt to prevent any outbreaks of rioting.
+      However, staple foods, such as bread, sugar and maize meal,
+  were not affected by the cuts and many people said this could
+  provoke trouble from disgruntled elements who had expected more
+  sweeping reductions.
+      Observers in the capital expressed disillusionment with the
+  small extent of the price cuts, which ranged up to 10 pct on
+  items such as blankets, soap, detergents and baby food.
+      Residents in the Copperbelt contacted by telephone said
+  government forces had set up roadblocks around the main towns.
+      In Lusaka, business went on as usual and there was no sign
+  of troops or police reinforcements on the streets.
+      President Kaunda had ordered the price reductions to take
+  account of lower import costs following the revaluation of the
+  kwacha to a fixed rate of eight per dlr from 21 on May 1.
+      The revaluation formed part of a new go-it-alone economic
+  strategy which Kaunda adopted to replace Zambia's IMF austerity
+  program.
+      Labour leaders in the Copperbelt said last week gangs of
+  unemployed youths were being formed in the politically volatile
+  region to take action against shops that did not reduce their
+  prices after today's deadline. Fifteen people were killed in
+  the Copperbelt during food riots last December after the
+  government tried to lift maize subsidies.
+  
+
diff --git a/reuters/test/17511 b/reuters/test/17511
new file mode 100644
index 0000000000000000000000000000000000000000..50f740885acbc9a74d42e6f27fd0e1963e1ad15e
--- /dev/null
+++ b/reuters/test/17511
@@ -0,0 +1,17 @@
+SEOUL ANNOUNCES MORE TARIFF CUTS FOR U.S.
+  South Korea will cut import taxes on 50
+  goods, including construction equipment, cigarettes and
+  tobacco, to help reduce its trade surplus with the United
+  States, the Finance Ministry said today. The tariff cuts of
+  between five and 30 pct will take effect on July 1.
+      South Korea ran a trade surplus of 7.3 billion dlrs with
+  Washington in 1986, sharply up from 4.3 billion in 1985.
+      Today's announcement brings to 157 the number of goods for
+  which similar measures were taken this year, a ministry
+  official said. The 157 are among about 290 items on which
+  Washington has asked Seoul to lower tariffs.
+      "This is in line with the government's policy to limit our
+  trade surplus with the United States to help reduce trade
+  friction between the two countries," said the official.
+  
+
diff --git a/reuters/test/17513 b/reuters/test/17513
new file mode 100644
index 0000000000000000000000000000000000000000..dd0a32333691584af23ac75717b134d45c474b5a
--- /dev/null
+++ b/reuters/test/17513
@@ -0,0 +1,24 @@
+ENTERTAINMENT MAKES BUYOUT OFFER TO CRAZY EDDIE
+  Entertainment Marketing Inc <EM>
+  said it has made an offer to the board of Crazy Eddie Inc to
+  acquire all outstanding shares of Crazy Eddie Inc for eight
+  dlrs a share in cash.
+      Entertainment said the offer would be conducted through a
+  negotiated merger with a new corporation to be formed by
+  Entertainment Marketing.
+      Entertaiment said it has requested an early meeting with
+  Crazy Eddie Inc's board and that it has committed 50 mln dlrs
+  toward the purchase of the shares including those already
+  purchased.
+     
+      The company also said it has retained Dean Witter Reynolds
+  Inc to assist in raising the balance of the financing.
+      According to Entertainment, its company and its chairman
+  own about 4.3 pct of Crazy Eddie's currently outstanding
+  shares.
+      Additionally, the company said it is willing to negotiate
+  all aspects of its offer and is willing to consider a
+  transaction which would be tax free to Crazy Eddie's
+  shareholders.
+  
+
diff --git a/reuters/test/17516 b/reuters/test/17516
new file mode 100644
index 0000000000000000000000000000000000000000..e9c7578a230131683b0141366d4dcc6a385e3ec4
--- /dev/null
+++ b/reuters/test/17516
@@ -0,0 +1,24 @@
+INDIA PLANS MORE BOMBAY OFFSHORE OIL WELLS
+  India's state-owned Oil and Natural Gas
+  Commission (ONGC) plans to drill more wells in the Bombay
+  offshore area, where a well spudded in February this year gave
+  both oil and gas, an ONGC spokesman said.
+      The exploratory well, spudded at a depth of 2,140 metres,
+  yielded 2,000 barrels of oil and 180,000 cubic metres of gas
+  per day, he said.
+      "The well, one of the four structures drilled in the area 80
+  km north-west of Bombay, indicates good prospects of both oil
+  and gas. We've decided to drill at least three more wells in
+  there before starting production on a commercial scale."
+      Production of Bombay High, part of the Bombay offshore
+  field, has stabilised at around 500,000 barrels per day for the
+  last two years.
+      ONGC produced 27.85 mln tonnes of crude in 1986/87 ending
+  March, up from 27.51 the previous year. Bombay High accounted
+  for 20.61 mln tonnes, marginally up from 20.10 the year before.
+  India's total oil output is around 30 mln tonnes.
+      ONGC has been exploring the Bombay offshore area, developed
+  since the late 1970s, for more oil as production from Bombay
+  High has reached a plateau.
+  
+
diff --git a/reuters/test/17518 b/reuters/test/17518
new file mode 100644
index 0000000000000000000000000000000000000000..547a0e5ed670a6b1408de55b1692f4ccceee354c
--- /dev/null
+++ b/reuters/test/17518
@@ -0,0 +1,7 @@
+SOCIETY FOR SAVINGS <SOCS.O> FORMS PARENT
+  Society for Savings Bancorp Inc
+  said it has completed its previously announced plan of
+  acquisition making a new Delaware-chartered bank holding
+  company the parent of Conneticut chartered Society for Savings.
+  
+
diff --git a/reuters/test/17519 b/reuters/test/17519
new file mode 100644
index 0000000000000000000000000000000000000000..fab18de893ee5f7f19c35dba4cd7947377e66fa8
--- /dev/null
+++ b/reuters/test/17519
@@ -0,0 +1,42 @@
+SAUDI RENEGOTIATION OF ARAMCO DEAL MOVING ALONG
+  Saudi Arabia's renegotiation of its
+  collective agreement with Aramco to purchase oil for the
+  latter's ex-partners is moving along and should lead to a
+  fundamental structural change in the contract, oil industry
+  sources said.
+      Petroleum Intelligence Weekly, in this Monday's edition,
+  said negotiations are moving along for adjustment of the 1.34
+  mln bpd joint long term agreement at official prices and
+  volumes and other terms may be rearranged.
+      The agreement signed in January for the months from
+  February to June is up for renegotiation.
+      Under the January contract Aramco was to purchase 1.34 mln
+  bpd for the four partners allocated among them as Exxon Corp
+  <XON> 440,000 bpd, Texaco Inc <TX> 350,000 bpd, Mobil Corp
+  <MOB> and Chevron Corp <CHV> 550,000 bpd between them.
+      But an overlifting by Texaco Inc in the first quarter
+  allowed other companies like Exxon Corp to underlift its
+  obligations under the contract
+      PIW said that that one alternative under consideration is
+  to revert to four individual contracts rather than a collective
+  agrement.
+      John Lichtblau, director of the Petroleum Industry Research
+  Foundation Inc said that renegotiation of the pact was more of
+  a formality as the Saudis have each company on a separate
+  schedule although separate agreements with the companies would
+  favor one on one negotiations and ensure that contracted
+  liftings occur .
+      "The companies will probably follow the Saudi wants within
+  limits as they do not want to antagonize them for the long
+  haul," he said.
+      Lichtblau said that the renegotiations would most likely
+  concentrate on volume rather than price.
+      Saudi displeasure with the agreement has long been noted
+  and in April industry publications said that renegotiation were
+  being sought, a fact later confirmed by Reuters with Aramco.
+      Aramco Corp was formerly owned by Chevron Corp <CHV>, Exxon
+  Corp <XON>, Mobil Corp <MOB> and Texaco Inc <TX> but is now
+  owned by Saudi Arabia which bought its assets although the
+  ex-partners have various agreements with Saudi Arabia.
+  
+
diff --git a/reuters/test/17521 b/reuters/test/17521
new file mode 100644
index 0000000000000000000000000000000000000000..9c3bac8b0e8a4c310f58fd25ac2764117119c427
--- /dev/null
+++ b/reuters/test/17521
@@ -0,0 +1,20 @@
+OKLAHOMA CLEANING UP AFTER WEEK OF FLOODS, RAINS
+  Residents of central Oklahoma
+  returned to their homes over the weekend after a week of heavy
+  rains and severe flooding that left two dead and caused more
+  than 20 mln dlrs in damage, officials said.
+      Some 900 people were evacuated from their homes during the
+  rains and flooding last week, civil defense officials said.
+      Many of the shelters set up throughout the state in areas
+  threatened by flooding, except those near the Washita and Red
+  Rivers, closed as residents returned to their damaged homes.
+      Farmers who had expected a near-record wheat crop now say
+  this year will see one of the largest losses in decades.
+      Gov. Henry Bellmon, who on Thursday declared a flooding
+  emergency for central Oklahoma, was expected to ask President
+  Reagan for federal disaster relief for the area.
+      In northern Texas, officials reported several tornadoes on
+  Friday. A twister in Lubbock yesterday damaged six mobile homes
+  and two houses. No injuries were reported.
+  
+
diff --git a/reuters/test/17523 b/reuters/test/17523
new file mode 100644
index 0000000000000000000000000000000000000000..f99820f85f75e3f4eb28ab181d16cf8cd575317e
--- /dev/null
+++ b/reuters/test/17523
@@ -0,0 +1,8 @@
+U.K. MONEY MARKET GIVEN 25 MLN STG LATE ASSISTANCE
+  The Bank of England said it provided the
+  money market with late assistance of around 25 mln stg.
+      This takes the Bank's total help today to some 137 mln stg
+  and compares with its latest forecast of a 150 mln stg
+  shortage.
+  
+
diff --git a/reuters/test/17529 b/reuters/test/17529
new file mode 100644
index 0000000000000000000000000000000000000000..34e0c283b0a1278ddfd395254e8d9f0a27af5c43
--- /dev/null
+++ b/reuters/test/17529
@@ -0,0 +1,16 @@
+CPC INTERNATIONAL <CPC> COMPLETES ASIAN SALE
+  CPC International Inc said
+  it has completed previously-announced transactions involving
+  its grocery products businesses in four Asian countries with
+  Ajinomoto Co Inc <AJIN.T>, raising about 300 mln dlrs.
+      It said it will receive about 40 mln dlrs more later,
+  mostly this month, when closings are expected in three more
+  countries.  Proceeds will be used mostly for debt reduction.
+      CPC said Ajinomoto has purchased its equity in Knorr Foods
+  Co Ltd, a joint venture in Japan between the two companies,
+  with CPC to get fees for trademark and technology use.
+      CPC said Ajinomoto is also purchasing 50 pct interests in
+  CPC's wholly-owned subsidiaries in Hong Kong, Malaysia, the
+  Philippines, Singapore, Taiwan and Thailand.
+  
+
diff --git a/reuters/test/17534 b/reuters/test/17534
new file mode 100644
index 0000000000000000000000000000000000000000..4ceefcb6fd0ad3454f1b393f1a6d7b551947506a
--- /dev/null
+++ b/reuters/test/17534
@@ -0,0 +1,5 @@
+BORDEN TO ACQUIRE PRINCE CO FOR ABOUT 180 MLN DLRS
+
+  BORDEN TO ACQUIRE PRINCE CO FOR ABOUT 180 MLN DLRS
+  
+
diff --git a/reuters/test/17538 b/reuters/test/17538
new file mode 100644
index 0000000000000000000000000000000000000000..3d594bed0aad3312a60606f90670d76986255f37
--- /dev/null
+++ b/reuters/test/17538
@@ -0,0 +1,21 @@
+POREX <PORX.O> TO MERGE WITH MEDCO <MCCS.O>
+  Porex Technologies Corp said it
+  has agreed to merge with its partly-owned subsidiary Medco
+  Containment Services Inc in a deal worth about 380 mln dlrs in
+  cash and common stock to Porex shareholders.
+      The company said under the agreement, Prex holders would
+  receive new Medco shares representing a pro rata share of the
+  9,159,552 Medco shares now owned by Porex plus a pro rata
+  shares of the cash value of other porex assets, which is
+  estimated at 60 mln dlrs subject to adjustment.
+      Medco now has 16.9 mln shares outstanding.
+      While exact terms may not be determined until the
+  transaction becomes effective, Porex said each Porex share is
+  expected to be exchanged for 0.82 Medco share and 5.38 dlrs in
+  cash, subject to approval by sharehoilders of both companies.
+  As part of the deal, Medco will split its stock five for two.
+      The company said the merger will be accounted for as a
+  corporate reorganization and be recorded at historical book
+  values.
+  
+
diff --git a/reuters/test/17540 b/reuters/test/17540
new file mode 100644
index 0000000000000000000000000000000000000000..ecd28bd9bb1f3558ba51eeae2d8872f50b86d51d
--- /dev/null
+++ b/reuters/test/17540
@@ -0,0 +1,12 @@
+COLT INDUSTRIES <COT> TO SELL BRITISH UNIT
+  Colt Industries Inc said it signed a
+  conditional agreement to sell its Woodville Polymer Engineering
+  Ltd subsidiary in Great Britain to the Dowty Group PLC of
+  Gloucestershire, England, for 35.9 mln stg.
+      The deal is scheduled to close by the end of June, the
+  company said.
+      Woodville, which makes high technology precision products
+  for aerospace, automotive and other industries, had 1986 sales
+  of about 24 mln stg, it said.
+  
+
diff --git a/reuters/test/17543 b/reuters/test/17543
new file mode 100644
index 0000000000000000000000000000000000000000..9b63fb7aaa5e8635146e439b742dd025abb1bf25
--- /dev/null
+++ b/reuters/test/17543
@@ -0,0 +1,12 @@
+ADVANCED SYSTEMS INC<ASY> 2ND QTR APRIL 30 NET
+  Shr 32 cts vs 22 cts
+      Net 2,022,000 vs 1,355,000
+      Revs 16.0 mln vs 13.2 mln
+      Avg shrs 6,237,000 vs 6,052,000
+      Six mths
+      Shr 58 cts vs 42 cts
+      Net 3,561,000 vs 2,525,000
+      Revs 30.0 mln vs 26.1 mln
+      Avg shrs 6,180,000 vs 6,017,000
+  
+
diff --git a/reuters/test/17544 b/reuters/test/17544
new file mode 100644
index 0000000000000000000000000000000000000000..4c4aa803201618537e8f638f8e893d638af4ae49
--- /dev/null
+++ b/reuters/test/17544
@@ -0,0 +1,6 @@
+MANNVILLE OIL AND GAS LTD <MOG.TO> 1ST QTR NET
+  Shr two cts vs seven cts
+      Net 164,000 vs 417,000
+      Revs 1,345,000 vs 2,021,000
+  
+
diff --git a/reuters/test/17545 b/reuters/test/17545
new file mode 100644
index 0000000000000000000000000000000000000000..dfd0dac6dddbfa783cd3f54d732edc3cabf0322f
--- /dev/null
+++ b/reuters/test/17545
@@ -0,0 +1,6 @@
+HOUSE OF FABRICS INC <HF> 1ST QTR NET APRIL 30
+  Shr 27 cts vs 18 cts
+      Net 1,757,000 vs 1,201,000
+      Revs 73.5 mln vs 71.2 mln
+  
+
diff --git a/reuters/test/17547 b/reuters/test/17547
new file mode 100644
index 0000000000000000000000000000000000000000..b9e02ae999ad68d85e1813614afcc7692811b282
--- /dev/null
+++ b/reuters/test/17547
@@ -0,0 +1,7 @@
+ORBIT OIL AND GAS LTD <ORB.TO> 1ST QTR NET
+  Shr three cts vs three cts
+      Net 421,000 vs 333,000
+      Revs 2,103,000 vs 2,287,000
+      Avg shrs 16,068,000 vs 12,041,000
+  
+
diff --git a/reuters/test/17551 b/reuters/test/17551
new file mode 100644
index 0000000000000000000000000000000000000000..a2faaab021006c8305d80bb458b4338af575cbb1
--- /dev/null
+++ b/reuters/test/17551
@@ -0,0 +1,24 @@
+VIDEO <JUKE.O> TO BUY PRESIDENT'S SHARES
+  Video Jukebox Network inc said it signed a
+  letter of intent to purchase up to 3.5 mln shares of the four
+  mln shares of the company's common stock from its founder and
+  president, Steven Peters.
+      Video said the shares are to be purchased by Louis Wolfson
+  III, senior vice president of <Venture W Inc>, <National Brands
+  Inc>, J. Patrick Michaels Jr and <CEA Investors Partnership
+  II>.
+      Video said it currently has 7,525,000 shares of common
+  stock outstanding. The company said it went public earlier this
+  year and its current ask price was 1-7/8.
+     
+      CEA Investors Partnership II has planned the partnership to
+  be operated by Michaels, who is chairman and president of
+  <Communications Equity Associates Inc>, a media brokerage firm,
+  Video said.
+      The terms of the proposed transaction were not disclosed.
+      Video said Peters will continue as chairman and president
+  of the company.
+      It said the parties have until June 29 to agree to all
+  terms of the letter of intent.
+  
+
diff --git a/reuters/test/17554 b/reuters/test/17554
new file mode 100644
index 0000000000000000000000000000000000000000..c5ba70f2c0d6177322241370b6add1e5df347325
--- /dev/null
+++ b/reuters/test/17554
@@ -0,0 +1,6 @@
+BERKSHIRE GAS CO <BGAS.O> RAISES PAYOUT
+  Qtly div 30-1/2 cts vs 28-1/2 cts prior
+      Pay July 15
+      Record June 30
+  
+
diff --git a/reuters/test/17556 b/reuters/test/17556
new file mode 100644
index 0000000000000000000000000000000000000000..d16e9e667bcb60f0d0a117cba744017e7004873c
--- /dev/null
+++ b/reuters/test/17556
@@ -0,0 +1,9 @@
+MARCADE GROUP INC <MAR> 1ST QTR MAY 2 NET
+  Shr four cts vs 10 cts
+      Shr diluted two cts vs 10 cts
+      Net 1,841,000 vs 978,000
+      Revs 36.1 mln vs 20.5 mln
+      Avg shrs 25,734,000 vs 9,200,000
+      Avg shrs diluted 48,878,000 vs 9,200,000
+  
+
diff --git a/reuters/test/17558 b/reuters/test/17558
new file mode 100644
index 0000000000000000000000000000000000000000..209acb35d28697e3093e7a3a2d8b5a5d4d26d897
--- /dev/null
+++ b/reuters/test/17558
@@ -0,0 +1,8 @@
+GREENMAN BROS INC <GMN> 1ST QTR MAY 2 LOSS
+  Shr loss 52 cts vs loss 49 cts
+      Net loss 3,142,000 vs loss 2,936,000
+      Sales 40.9 mln vs 40.1 mln
+      NOTE: Year ago share results adjusted for five-for-four
+  stock split in August 1986
+  
+
diff --git a/reuters/test/17559 b/reuters/test/17559
new file mode 100644
index 0000000000000000000000000000000000000000..725f7e38f89b8fc1e5031c098289c33ca67b4e98
--- /dev/null
+++ b/reuters/test/17559
@@ -0,0 +1,11 @@
+MARCADE GROUP <MAR> PLANS ACQUISITION
+  Marcade Group Inc said it has agreed in
+  principle to acquire a prominent, privately-held maker of
+  ladies' sports wear for an cash, shares and options to purchase
+  Marcade common valued at about 20 mln dlrs.
+      In its fiscal year recently ended, Marcade said, the
+  company to be acquired which owns five U.S. manufacturing
+  facilities and one offshore had revenues of over 60 mln dlrs
+  and pretax earnings of about four mln dlrs.
+  
+
diff --git a/reuters/test/17562 b/reuters/test/17562
new file mode 100644
index 0000000000000000000000000000000000000000..9aa06da9b220c34587d6e2d1d89c1e1262ccecb7
--- /dev/null
+++ b/reuters/test/17562
@@ -0,0 +1,14 @@
+PENNSYLVANIA ENTERPRISES <PENT.O> BID STANDS
+  Utilities Investment Inc said
+  it still is offering to acquire Pennsylvania Enterprises Inc
+  for 55 dlrs per share.
+      It said it is prepared to negotiate its offer.
+      The Pennsylvania Enterprises board rejected the offer two
+  weeks ago as being inadequate.
+      Utilities said it has the financial commitments required to
+  ensure that Pennsylvania Enterprises' facilities would be
+  upgraded to insure an adequate supply of safe drinking water.
+      It said its representatives will be attending Pennsylvania
+  Enterprises' annual meeting tomorrow in Wilkes-Barre, Pa.
+  
+
diff --git a/reuters/test/17563 b/reuters/test/17563
new file mode 100644
index 0000000000000000000000000000000000000000..6201e05d531a7242a6c07e8779a4b2150c9d8477
--- /dev/null
+++ b/reuters/test/17563
@@ -0,0 +1,14 @@
+DOW CHEMICAL <DOW> TO INCREASE PRICES
+  Dow Chemical U.S.A. Midland Co
+  said it will increase prices of its high performance thermal
+  fluids, in bulk and drums, effective July One, for contract and
+  spot customers.
+      The bulk list prices for diphenyl oxide, in both technical
+  and refined grades, will be raised five pct to 1.26 dlrs per
+  pound for technical and 1.36 dlrs per for refined, Dow said.
+      Other increases include Dowtherm G to 21.92 dlrs per
+  gallon; Dowtherm HT to 20.94 dlrs per gallon; Dowtherm J to
+  14.96 dlrs per gallon, and Dowtherm LF to 18.68 dlrs per
+  gallon.
+  
+
diff --git a/reuters/test/17567 b/reuters/test/17567
new file mode 100644
index 0000000000000000000000000000000000000000..43b969d5b6d2e754897d9644abd62c01b987c30f
--- /dev/null
+++ b/reuters/test/17567
@@ -0,0 +1,5 @@
+MERRILL LYNCH SAYS PRORATION FACTOR FOR SUPERMARKETS TENDER IS 85.66 PCT
+
+  MERRILL LYNCH SAYS PRORATION FACTOR FOR SUPERMARKETS TENDER IS 85.66 PCT
+  
+
diff --git a/reuters/test/17568 b/reuters/test/17568
new file mode 100644
index 0000000000000000000000000000000000000000..08f5746546616c9f4e6c82c9b04416e9b278e6c6
--- /dev/null
+++ b/reuters/test/17568
@@ -0,0 +1,16 @@
+BRAZIL NOT SELLING TO COCOA BUFFER STOCK - TRADE
+  Brazil is not selling cocoa beans
+  to the International Cocoa Organization, ICCO, buffer stock, as
+  spot prices for beans in the interior area are 20 to 25 pct
+  higher than levels which would be paid by the ICCO buffer stock
+  manager, trade sources in the major producing state Bahia said.
+      The scarcity of beans because of the effects of drought on
+  the current temporao harvest has pushed prices well above
+  international levels, the sources noted.
+      The only buyers are bean exporters or local processors
+  covering previously contracted commitments, they added.
+      If sales were made they would be executed by individual
+  exporting companies which are members of the Brazilian Cocoa
+  Trade Commission, they said.
+  
+
diff --git a/reuters/test/17569 b/reuters/test/17569
new file mode 100644
index 0000000000000000000000000000000000000000..10cd0431533e7a58485df932331ba0e61c455352
--- /dev/null
+++ b/reuters/test/17569
@@ -0,0 +1,12 @@
+RAVEN INDUSTRIES <RAV> BUYS TRUCK BODY BUSINESS
+  Raven Industries Inc said it
+  purchased the utility truck body business of (Astoria
+  Fibra-Steel, Inc) for cash.
+      Details of the transaction were not disclosed.
+      The Astoria product line, which has annual sales of about
+  2.5 mln dlrs, will be manufactured and sold by Raven's newly
+  formed subsidiary, Astoria Industries Inc, Raven said. Its
+  Glasstite Inc subsidiary also manufactures and sells utility
+  truck bodies.
+  
+
diff --git a/reuters/test/17573 b/reuters/test/17573
new file mode 100644
index 0000000000000000000000000000000000000000..8a5f53c3e48e15d0a6bc9e1991eda6d5183977c9
--- /dev/null
+++ b/reuters/test/17573
@@ -0,0 +1,46 @@
+PAY N' PAK <PNP> GETS TWO OFFERS FOR COMPANY
+  Pay N' Pak Stores Inc said it received
+  two proposals in response to its previously announced
+  solicitation of potential buyers for the company.
+      The company said it is evaluating the proposals from Paul
+  Bilzerian and from a third party which is active in the
+  leveraged buyout field but which Pay N' Pak declined to
+  identify.
+      It said the Bilzerian proposal calls for shareholders to
+  receive on a blended basis 16.67 dlrs in cash and 3.30 dlrs in
+  liquidation value of cumulative exchangeable redeemable
+  preferred stock for each common share.
+     
+      Pay N' Pak said the second proposal is structured as a
+  merger in which each holder would receive a combination of
+  17.50 dlrs in cash and 2.50 dlrs in liquidation value of 13-1/2
+  pct cumulative preferred.
+      The company said the dividend on the preferred offered by
+  Bilzerian would be set so that in the opinion his financial
+  advisor and the company's financial advisor the preferred would
+  trade in the public market at its liquidation value.
+      Dividends on the preferred could be paid at the option of
+  the surviving corporation in cash or additional shares of
+  preferred for the first five years, it added..
+     
+      Pay N' Pak said Bilzerian's proposal is subject to a
+  physical inventory of merchandise at June 30. Bilzerian did not
+  provide details with respect to financing of his proposal,
+  which is not subject to a financing condition.
+      The company said dividends on the preferred being offered
+  in the second proposal would be paid in additional preferred in
+  the first three years and the preferred would be redeemed in
+  years 12 and 13.
+      It said the second offer is contingent on the arrangement
+  of financing, adding the party making the offer is confident of
+  its ability to obtain the balance of the financing.
+     
+      Pay N' Pak said the second proposal is conditioned upon a
+  satisfactory agreement with the company's management regarding
+  its equity participation in the new company.
+      The second party anticipates executing a letter of intent
+  when it delivers its financing commitment to the Pay N' Pak
+  board that would incorporate an expense reinbursement and
+  option arrangement, the company said.
+  
+
diff --git a/reuters/test/17574 b/reuters/test/17574
new file mode 100644
index 0000000000000000000000000000000000000000..389357a1f36abb590eca5e92a1839d34fb900af6
--- /dev/null
+++ b/reuters/test/17574
@@ -0,0 +1,57 @@
+MAXWELL FILES SUIT TO STOP HARCOURT <HBJ>
+  Publisher Robert Maxwell's British
+  Printing and Communicaton Corp PLC said it filed a lawsuit in
+  U.S. district court against Harcourt Brace Jovanovich Inc, its
+  directors and advisers to stop, among other things, payment of
+  the special dividend Harcourt is paying as part of its
+  recapitalization.
+      The suit, filed in Manhattan, also names First Boston Corp
+  <FBC> and seeks to void the issue by Harcourt of 40,000 shares
+  of super voting preferred stock to First Boston Securities Corp
+  and the issue of convertible voting preferred stock with
+  4,700,000 votes in the Harcourt employee stock ownership plan.
+      The preferred shares to be issued to First Boston have
+  8,160,000 votes. The suit, brought derivatively on behalf of
+  Harcourt and individually in British Printing's capacity as a
+  substantial holder of Harcourt common shares and 6-3/8 pct
+  convertible debentures.
+      The suit alleges Harcourt's special dividend exceeds by
+  more than one billion dlrs Harcout's surplus available for
+  dividends under New York law and contstitutes a fraudulent
+  conveyance.
+      The lawsuit also alleges that Harcourt failed to disclose
+  that one consequence of the payment of the dividend, which it
+  terms illegal, will be that shareholders will be liable to
+  repay it.
+      Harcourt last week said it would pay 40 dlrs per share to
+  stockholders as a special dividend. Harcourt also announced an
+  extensive recapitalization plan, which analysts said was aimed
+  at thwarting a takeover effort by British Printing.
+      British Printing last week withdrew its 44 dlr per share,
+  or two billion dlr offer for Harcourt because of the
+  recapitalizaton plan. At the time, it said it was reviewing its
+  alternatives.
+      British Printing said it filed the suit after consultation
+  with its advisers. Its lawsuit also alleges that Harcourt
+  failed to disclose the effect of the special dividend on
+  Harcourt 6-3/8 pct convertible debentures.
+      British Printing alleges the effect will be an enormous
+  increase effective on the June eight record date for the
+  dividend in the number of Harcourt common shares issuable upon
+  conversion of the debentures. British Printing also charged 
+  Harcourt is unlawfully coercing debenture holders to convert
+  denbentures before the record date because Harcourt may not
+  have enough authorized common shares to honor conversion after
+  the date.
+      British Printing holds 460,600 shares and 5.6 mln dlrs
+  worth of debentures.
+      The suit also alleges that management, the board of
+  directors, and First Boston engaged in an illegal scheme of
+  entrenchment through a combination of selling to First Boston
+  Securities Corp the super voting preferred at a bargain price,
+  the grant to the company employee stock plan of convertible
+  voting preferred, the six mln share open market repurchase
+  program and the manner in which its financing has been
+  structured.
+  
+
diff --git a/reuters/test/17576 b/reuters/test/17576
new file mode 100644
index 0000000000000000000000000000000000000000..2cacd60f729ab0a7b22b560da8dda70dab996dd8
--- /dev/null
+++ b/reuters/test/17576
@@ -0,0 +1,14 @@
+STEINBERG GROUP HAS FIVE PCT OF PIZZA INN <PZA>
+  A group controlled by New York
+  investor Saul Steinberg told the Securities and Exchange
+  Commission it has acquired 168,500 shares of Pizza Inn Inc, or
+  5.02 pct of the total outstanding common stock.
+      The group, which includes Reliance Financial Serivces Corp,
+  a subsidiary of Reliance Group Holdings Inc <REL>, said it
+  bought the stock as an investment. It said it might add to its
+  stake or sell some or all of it.
+      The Steinberg group said it bought the stock for 1.75 mln
+  dlrs in open market purchases between April 13 and May 19 at
+  prices ranging from 13.625 to 14.2661 dlrs a share.
+  
+
diff --git a/reuters/test/17577 b/reuters/test/17577
new file mode 100644
index 0000000000000000000000000000000000000000..ff83add529854a5b4741a2e27fd47498f7709f6e
--- /dev/null
+++ b/reuters/test/17577
@@ -0,0 +1,12 @@
+FED EXPECTED TO SET CUSTOMER REPURCHASES
+  The Federal Reserve is expected to add
+  reserves to the U.S. banking system by arranging a round of
+  customer repurchase agreements during this morning's
+  intervention period, several economists said.
+      Some others, however, judged that the Fed has almost
+  completed its reserve-adding requirement for the statement
+  period ending on Wednesday and will not need to operate today.
+      Fed funds were trading at 6-11/16 pct, compared with
+  Friday's average of 6.63 pct.
+  
+
diff --git a/reuters/test/17579 b/reuters/test/17579
new file mode 100644
index 0000000000000000000000000000000000000000..8c489b7c8fe98b5852f4f324b68a90f9852a48ee
--- /dev/null
+++ b/reuters/test/17579
@@ -0,0 +1,14 @@
+SUPERMARKETS GENERAL <SGL> TENDER EXPIRES
+  SMG Acquisition Corp, a subsidiary of
+  Merrill Lynch Capital Partners Inc, said 38.3 mln shares of
+  Supermarkets General Corp were validly tendered by the midnight
+  Friday expiration, resulting in a preliminary proration factor
+  of 85.66 pct.
+      Merrill Lynch said it expects to announce the final
+  proration factor within 10 business days and begin payment
+  immediately thereafter. Shares validly tendered represented
+  about 98.75 pct of the outstanding shares of Supermarkets
+  General, the announcement said. The cash tender offer was for
+  up to 32.8 mln shares at 46.75 dlrs net per share.
+  
+
diff --git a/reuters/test/17580 b/reuters/test/17580
new file mode 100644
index 0000000000000000000000000000000000000000..dd6af876eabe1f37706f2fbf88587ce8a3d7f398
--- /dev/null
+++ b/reuters/test/17580
@@ -0,0 +1,13 @@
+MONSANTO TO BUY RHONE-POULENC POLYPHENYL BUSINESS
+  Monsanto Chemical Company, a unit of
+  Monsanto Co <MTC.N>, is to acquire the polyphenyls business of
+  Rhone-Poulenc Chimie, a unit of Rhone-Poulenc <RHON.PA>,
+  Monsanto said in a statement issued from its European
+  headquarters.
+      The statement did not disclose financial details.
+      Gustaaf Francx, general manager of Monsanto Chemical Co
+  Europe-Africa, said the acquisition would help Monsanto to
+  expand its customer base for polyphenyls, which are used as
+  components for high temperature heat transfer fluids.
+  
+
diff --git a/reuters/test/17584 b/reuters/test/17584
new file mode 100644
index 0000000000000000000000000000000000000000..5a3dbb8988e84739d29c7fefe0d48d5738e3998d
--- /dev/null
+++ b/reuters/test/17584
@@ -0,0 +1,3 @@
+ 1-JUN-1987 11:14:25.82
+   1-JUN-1987 11:14:25.82
+
diff --git a/reuters/test/17585 b/reuters/test/17585
new file mode 100644
index 0000000000000000000000000000000000000000..aac6cd3ba7d1f8baa672ef55ca56416475458f87
--- /dev/null
+++ b/reuters/test/17585
@@ -0,0 +1,29 @@
+BORDEN <BN> TO ACQUIRE MAJOR PASTA MAKER
+  Borden Inc said it is acquiring <Prince
+  Co Inc> and three companies producing grocery products for 180
+  mln dlrs.
+      Borden said the four companies are expected to have 1987
+  sales totaling 230 mln dlrs.
+      It said Prince, a Lowell, Mass., producer of pasta and
+  Italian food sauces, is expected to account for 210 mln dlrs of
+  this total. This year's sales of Borden pasta -- by the 13
+  regional brands and the premium Creamette brand distributed on
+  a nearly national basis -- are expected to toal 285 mln dlrs,
+  it said.
+      Borden said the other three companies being acquired are
+  Steero Bouillon of Jersey City, N.J., Blue Channel Inc, a
+  Beaufort, S.C., producer of canned crabmeat, and the canned
+  shrimp products line of DeJean Packing Inc of Biloxi, Miss.
+      Borden also said the divestment of three operations with
+  about 50 mln dlrs a year in sales is expected to produce nearly
+  45 mln dlrs in cash for use toward the purchase of new
+  businesses.
+      It said the sale of Polyco of Cincinnati, Ohio, which makes
+  polyvinyl acetate emulsions, to Rohm and Haas Co <ROH> was
+  announced by the buyer last month.
+     
+      Borden said the divestment of two producers of toy models
+  and hobby items -- Heller in France and Humbrol in England --
+  is in process.
+  
+
diff --git a/reuters/test/17589 b/reuters/test/17589
new file mode 100644
index 0000000000000000000000000000000000000000..1179e8996a10706ac679139c3a44e655017b5aa4
--- /dev/null
+++ b/reuters/test/17589
@@ -0,0 +1,13 @@
+(SUBURBAN BANCORP), (WOODSTOCK BANCORP) TO MERGE
+  (Suburban Bancorp Inc) and
+  (Woodstock State Bancorp Inc) said they agreed to a merger
+  under which Suburban will purchase Woodstock's shares for a
+  total of more than 18 mln dlrs in cash and Suburban Bancorp
+  shares.
+      Woodstock is the holding company for the 110 mln dlr State
+  Bank of Woodstock. The merger will bring Suburban's assets to
+  661 mln dlrs and its total banks to 13.
+      The merger is subject to regulatory and shareholder
+  approval.
+  
+
diff --git a/reuters/test/17593 b/reuters/test/17593
new file mode 100644
index 0000000000000000000000000000000000000000..ff8dee195e82f09087f4a1bd88e92cf006c28a5a
--- /dev/null
+++ b/reuters/test/17593
@@ -0,0 +1,30 @@
+U.K. BANKERS CONSIDER NEW ECGD FINANCING PLAN
+  Representatives of major U.K. Based banks
+  are meeting here today to consider a new plan for reducing the
+  cost of financing British exports guaranteed by the Export
+  Credits Guarantee Department (ECGD), senior banking sources
+  said.
+      The plan is being developed in conjunction with the ECGD
+  and the Bank of England.
+      Neither the ECGD nor the Bank of England would comment on
+  the plan. However, bankers said one of the main points under
+  discussion is a plan to refinance the bulk of the ECGD's medium
+  term credit portfolio in the international capital markets.
+  
+      The proposals involve introducing a set of interest margins
+  on ECGD backed debt of 5/16 to 7/8 pct, depending on the size
+  and maturity of the credit and the currency.
+      The banks are likely to push for a higher margin. Bankers
+  said that while these rates would reduce a bank's return they
+  would still be more than those proposed about a year ago when
+  the government attempted unsuccessfully to initiate another
+  cost reduction plan.
+      At the same time, the banks would be expected to allow the
+  ECGD to realise additional savings by refinancing existing
+  government backed credit in the capital markets.
+  
+      On credits that are refinanced an original lender would
+  receive a residual margin of 7/16 pct for loans up to 10 mln
+  stg and 3/16 pct on larger transactions.
+  
+
diff --git a/reuters/test/17595 b/reuters/test/17595
new file mode 100644
index 0000000000000000000000000000000000000000..13dedc30346ef6cda1d302f3f2364eecabc6e3d7
--- /dev/null
+++ b/reuters/test/17595
@@ -0,0 +1,13 @@
+COKE CONSOLIDATED <COKE.O> TO SELL CANADA UNIT
+  Coca-Cola Bottling Co
+  Consolidated said it has agreed in principle to sell its
+  Vancouver-based Canadian bottling subsidiary to Coca-Cola Co
+  <KO> for undisclosed terms, with closing expected within 60
+  days subject to regulatroy approvals.
+      The company said the sale, a previously-announced agreement
+  for Coca-Cola to buy 1,600,000 Coke Consolidated common shares
+  and operating cash flow should allow it to reduce its long-term
+  debvt to about 200 nmln dlrs from 325 mln dlrs at the end of
+  the first quarter.
+  
+
diff --git a/reuters/test/17596 b/reuters/test/17596
new file mode 100644
index 0000000000000000000000000000000000000000..3aab577d436f4fd8b89d53fce6ae9252ec48eb69
--- /dev/null
+++ b/reuters/test/17596
@@ -0,0 +1,13 @@
+CAMPEAU <CMP.T> UNIT TO SELL GARFINCKEL'S
+  Campeau Corp said its Allied Stores Corp
+  entered into a definitive agreement to sell its Garfinckel's
+  division to <Raleigh Stories Corp> for 95 mln dlrs.
+       The transaction is expected to close in July, the company
+  said.
+      Garfinckel's net sales for fiscal 1986 were 111.9 mln dlrs,
+  the company said.
+      Campeau said it expects to sell its remaining Allied
+  divisions in the near future. Campeau announced its first
+  agreement to sell an Allied unit in April, the company said.
+  
+
diff --git a/reuters/test/17597 b/reuters/test/17597
new file mode 100644
index 0000000000000000000000000000000000000000..31eb72cdc925a542ebc3763c514066dfb6d5e6a8
--- /dev/null
+++ b/reuters/test/17597
@@ -0,0 +1,7 @@
+WALLACE COMPUTER <WCS> BUY OFFICE PRODUCTS FIRM
+  Wallace Computer Services Inc said
+  it acquired for 12 mln dlrs in cash and industrial revenue
+  bonds, certain assets of Rockwell-Barnes Inc, a Chicago-based
+  office products company.
+  
+
diff --git a/reuters/test/17601 b/reuters/test/17601
new file mode 100644
index 0000000000000000000000000000000000000000..00d6693c8c20a8ebe7ac73d529c2f0843be29d32
--- /dev/null
+++ b/reuters/test/17601
@@ -0,0 +1,12 @@
+SUN <SUN> TO ACQUIRE MORE OF WYOMING FIELD
+  <Wolverine Exploration Co> said
+  substantially all the material aspects of the agreement to sell
+  its 8.95 pct working interest in the Luckey Ditch unit in Unita
+  County, Wyo., to Sun Co Inc have been satisfied.
+      Closing of the transaction is scheduled for June eight,
+  Wolverine said. The company agreed to sell its interest for
+  7,250,000 dlrs, subject to downward adjustment for certain
+  title and state requirements. Sun already owns a 44 pct working
+  interest in the unit.
+  
+
diff --git a/reuters/test/17607 b/reuters/test/17607
new file mode 100644
index 0000000000000000000000000000000000000000..83759a52e58c3f40db2d88b6d19ea4aae012c2fc
--- /dev/null
+++ b/reuters/test/17607
@@ -0,0 +1,7 @@
+CONSOLIDATED PROFESSOR <CPF.TO> 1ST QTR NET
+  Shr profit one ct vs nil
+      Net profit 163,016 vs loss 23,527
+      Revs 250,469 vs 48,473
+      Note: Full name Consolidated Professor Mines Ltd.
+  
+
diff --git a/reuters/test/17612 b/reuters/test/17612
new file mode 100644
index 0000000000000000000000000000000000000000..be6900c40aab7295dc368cb3579e09905c37eadb
--- /dev/null
+++ b/reuters/test/17612
@@ -0,0 +1,38 @@
+GEODYNE <GEOD.O> SETS WARRANTS, ACQUISITION
+  Geodyne Resources Inc said iit filed a
+  registration with the Securities and Exchange Commission
+  covering a planned offering of 3.6 mln warrants to buy its
+  common.
+      The company also said its board is evaluating a proposal to
+  acquire closely-held <Snyder Exploration Co> for one mln
+  Geodyne shares. Members of Geodyne's senior management also
+  serve as senior management at Snyder and PaineWebber Group Inc
+  <PWJ>, which owns 40 pct of Geodyne's 12.6 mln outstanding
+  shares, has a substantial equity interest in Snyder.
+      The acquisition is being evaluated by Geodyne board members
+  not employed by the company, PaineWebber or any company
+  affiliated with PaineWebber. It will be subject to approval by
+  the board and series C preferred shareholders.
+      Geodyne Resources said a registration related to the stock
+  to be exchanged for Snyder has been filed with the SEC but has
+  not yet become effective.
+      The Snyder owners other than PainWebber are Geodyne's
+  president, Michael W. Tomasso, and its executive vice
+  president, James D. Snyder.
+      The company said the warrants will be offered solely to
+  investors in the PaineWebber/Geodyne Energy Income Program II.
+  For every 100 dlrs invested in the program, an investor will be
+  entitled to buy one warrant to purchase one Geodyne common
+  share at a price equal to 120 pct of the average closing price
+  of the stock for the 15 trading days prior to formation of the
+  partnership to which the investor subscribes.
+      In adddition, Geodyne said, PaineWebber investment
+  executives who market the program will be entitled to receive
+  one warrant for every 500 dlrs in subcriptions generated after
+  a four-year vesting period. These warrants would have an
+  exercise price equal to 150 pct of the 15-day average.
+      The company said the warrants are currently priced at 25
+  cts each, but this price is suject to further evaluation by an
+  independent underwriter.
+  
+
diff --git a/reuters/test/17616 b/reuters/test/17616
new file mode 100644
index 0000000000000000000000000000000000000000..28e09400eb2fb26d048af00ac9cd8398ea0038fa
--- /dev/null
+++ b/reuters/test/17616
@@ -0,0 +1,6 @@
+DETECTION SYSTEMS <DETC.O> YEAR END MARCH 31
+  Shr 36 cts vs nil
+      Net 713,000 vs 1,500
+      Revs 13 mln vs 9,328,000
+  
+
diff --git a/reuters/test/17617 b/reuters/test/17617
new file mode 100644
index 0000000000000000000000000000000000000000..4e812702bd4bc026abb0358a978040720cc05ab6
--- /dev/null
+++ b/reuters/test/17617
@@ -0,0 +1,6 @@
+J. BILDNER AND SONS INC <JBIL.O> 1ST QTR
+  Shr one ct vs nil
+      Net 32,345 vs 3,772
+      Revs 9,946,578 vs 5,939,252
+  
+
diff --git a/reuters/test/17618 b/reuters/test/17618
new file mode 100644
index 0000000000000000000000000000000000000000..7b8ea50c9a0b280d9fd2110f627d7824d51a5191
--- /dev/null
+++ b/reuters/test/17618
@@ -0,0 +1,27 @@
+COMPROMISE SEEN LIKELY OVER CONOCO-STATOIL DISPUTE
+  Norway is expected to seek a compromise
+  solution to defuse a row between Den Norske Stats Oljeselskap
+  A/S <STAT.OL> (Statoil) and Conoco Norge A/S over which firm
+  will operate the Heidrun oil field, government sources said.
+      The sources, who asked not to be named, said the government
+  will likely recommend that Conoco be allowed to continue as the
+  field's operator through the development phase, with Statoil
+  taking over only after production starts in the early 1990s.
+      Oil Minister Arne Oeien told Reuters the government had
+  today discused the Heidrun matter but that no final decision
+  had been taken and several questions remained unresolved.
+      It was unlikely the government would announce its decision
+  on Heidrun operatorship until after Thursday's cabinet meeting
+  and after discussing a proposed solution with both companies,
+  the sources added.
+      This spring Norway's state-owned oil company Statoil
+  exercised an option in the Heidrun field exploration license
+  that, if approved by the government, would allow it to relieve
+  Conoco as Heidrun operator, a move sharply criticised by
+  Conoco.
+      Heidrun is often cited by the government and industry as
+  the most likely candidate for the first field development
+  project on the Haltenbanken exploration tract off central
+  Norway.
+  
+
diff --git a/reuters/test/17619 b/reuters/test/17619
new file mode 100644
index 0000000000000000000000000000000000000000..24bee02bb0857b31ef6ef51bfbabbf13f017433f
--- /dev/null
+++ b/reuters/test/17619
@@ -0,0 +1,10 @@
+FIAT UNIT FIDIS REPORTS SHARPLY HIGHER 1986 PROFIT
+  Year 1986
+      Net profit 132 billion lire vs 82 billion
+      Ordinary share dividend 500 lire vs 400
+      Note - <Finanziaria Di Sviluppo Spa>, a financial services
+  subsidiary of Fiat Spa <FIAT.MI>, said in a statement that
+  shareholders approved a previously announced nominal share
+  capital increase from 125 billion lire to 250 billion.
+  
+
diff --git a/reuters/test/17620 b/reuters/test/17620
new file mode 100644
index 0000000000000000000000000000000000000000..f521ba08be3977e5fa02d4f854ede35b9ba21453
--- /dev/null
+++ b/reuters/test/17620
@@ -0,0 +1,69 @@
+DUTCH OFFICIAL RATE CUT SEEN STILL LIKELY
+  A cut of about half a percentage point
+  in Dutch official interest rates is still in prospect, although
+  economists said the timing would depend on Bundesbank moves.
+      Speculation has been rife that the Dutch Central Bank,
+  encouraged by a strong guilder/mark relationship and wide
+  premiums for Dutch money and capital market rates over German,
+  might lower rates without the Bundesbank moving first.
+      Last month, the Central Bank lowered its special advances
+  rate to 5.1 pct from 5.25 pct after the Bundesbank dropped its
+  repurchase tender rate to 3.55 pct from 3.8 pct.
+      That rate has remained in force, just holding above the
+  five pct official secured loans rate which governs commercial
+  bank borrowings.
+      Given a strong guilder, a further fall in the West German
+  repo rate would trigger a lower special advances tariff,
+  forcing an official Dutch rate cut, analysts said.
+      In February, when the Bundesbank cut its discount rate to
+  three pct from 3.5 pct, the Central Bank only lowered money
+  market rates and removed a surcharge over the secured loans
+  rate on lending under its three month credit quota.
+      Since then, however, both the Central Bank and Finance
+  Ministry have made it clear they favour lower official rates.
+      In April, Central Bank President Wim Duisenberg said he
+  would follow any Bundesbank cut, and last week the Finance
+  Ministry expressed satisfaction when it raised 2.25 billion
+  guilders with a six pct coupon state loan priced at 100.10 pct
+  for an effective yield of 5.98 pct, the lowest since 1965.
+      Technically, analysts said, there has to be a difference
+  between the secured loans rate which applies to lending under
+  the credit quota, and the tariff on special advances which add
+  extra liquidity to the money market.
+      Bank economists and dealers said a West German move to
+  further lower the rate on securities repurchase pacts would
+  result in the Central Bank easing the special advance rate,
+  provided the guilder/mark relationship permitted.
+      The Central Bank aims to keep the guilder stable around its
+  parity value within the European Monetary System of 112.673
+  guilders per 100 marks.
+      Today, foreign exchange buying pushed the mark up 10
+  guilder cents to 112.705 guilders per 100 at the fix, a level
+  that would not permit a change in the interest rate
+  differential between West Germany and the Netherlands, dealers
+  said.
+      An economist at ABN Bank said he expected West German and
+  Dutch interest rates to ease in the short term. However, he
+  said new wage agreements in West Germany had raised inflation
+  expectations which would put upward pressure on interest rates
+  in the longer term.
+      In the Netherlands, the inflation outlook for 1987 is nil,
+  or even negative, while the latest official economic forecasts
+  point to a falling rate of economic growth.
+      "It will depend on the outcome of collective wage agreement
+  negotiations here whether there could be cost push inflation,"
+  the ABN economist said.
+      He said Dutch money supply growth, which ran at 3.4 pct in
+  January, could also contribute to some inflation.
+      At Amro Bank, a leading analyst said inflation could run to
+  two pct next year. The bank expects Dutch capital market rates,
+  currently averaging around 6.1 pct, to stop easing in the
+  second half of this year and stabilize around 5.6 pct.
+      Analysts said an official rate cut could trigger a buying
+  spree on the bond market which would bring yields down,
+  probably only temporarily, while money rates could fall below
+  five pct.
+      Currently, all periods are traded at 5.12 to 5.25 pct in
+  the money market.
+  
+
diff --git a/reuters/test/17622 b/reuters/test/17622
new file mode 100644
index 0000000000000000000000000000000000000000..3f352df05ed8eadb4163c8842048c36cb6073c0f
--- /dev/null
+++ b/reuters/test/17622
@@ -0,0 +1,15 @@
+NORTHGATE QUEBEC GOLD WORKERS END STRIKE
+  Northgate Exploration Ltd said
+  hourly-paid workers at its two Chibougamau, Quebec mines voted
+  on the weekend to accept a new three-year contract offer and
+  returned to work today after a one-month strike.
+      It said the workers, represented by United Steelworkers of
+  America, would receive a 1.21 dlr an hour pay raise over the
+  life of the new contract and improved benefits.
+      Northgate, which produced 23,400 ounces of gold in first
+  quarter, said that while the strike slowed production, "We are
+  still looking forward to a very satisfactory performance."
+      The Chibougamau mines produced 81,500 ounces of gold last
+  year.
+  
+
diff --git a/reuters/test/17625 b/reuters/test/17625
new file mode 100644
index 0000000000000000000000000000000000000000..516296c61489f4dffcb6e40e7f2330de477955fa
--- /dev/null
+++ b/reuters/test/17625
@@ -0,0 +1,14 @@
+ROYAL GOLD <RGLD.O> AGREES TO MAKE ACQUISITION
+  Royal Gold Inc said it has signed two
+  agreements in principle to acquire the stock of two
+  <Transwestern Mining Co> units for 1.1 mln shares of Royal Gold
+  common stock.
+      Royal said the assets of the units it will acquire from
+  Transwestern are mostly gold properties.
+      It added it expects to close the deals on June 18 and 19,
+  subject to standard closing conditions, including title and
+  environmental approval and closing of a definitive agreement.
+      Royal said the shares issued in the deal will be subject to
+  registration rights.
+  
+
diff --git a/reuters/test/17630 b/reuters/test/17630
new file mode 100644
index 0000000000000000000000000000000000000000..43e83e5fdd9fbb4cf82c38e6ee67e30c2c4f4ae9
--- /dev/null
+++ b/reuters/test/17630
@@ -0,0 +1,12 @@
+HAWKINS CHEMICAL INC<HWKN.O> 2ND QTR MAR 31 NET
+  Shr 12 cts vs six cts
+      Net 398,318 vs 211,801
+      Sales 7,385,107 vs 7,275,162
+      Six Mths
+      Shr 22 cts vs 13 cts
+      Net 736,219 vs 446,288
+      Sales 14.3 mln vs 14.2 mln
+      NOTE: Per share earnings adjusted for ten pct stock
+  dividend paid February 1987.
+  
+
diff --git a/reuters/test/17632 b/reuters/test/17632
new file mode 100644
index 0000000000000000000000000000000000000000..272832319643130085d81cbf67cc2e4a9dd2f1c6
--- /dev/null
+++ b/reuters/test/17632
@@ -0,0 +1,14 @@
+NORTHGATE <NGX> QUEBEC WORKERS END STRIKE
+  Northgate Exploration Ltd said
+  hourly-paid workers at its two Chibougamau, Quebec, mines voted
+  on the weekend to accept a three-year contract offer and
+  returned to work today after a one-month strike.
+      It said the workers, represented by United Steelworkers of
+  America, would receive a 1.21-dlr-an-hour pay raise over the
+  life of the new contract and improved benefits.
+      Northgate, which produced 23,400 ounces of gold in first
+  quarter, said that while the strike slowed production, "We are
+  still looking forward to a very satisfactory performance." The
+  Chibougamau mines produced 81,500 ounces of gold last year.
+  
+
diff --git a/reuters/test/17633 b/reuters/test/17633
new file mode 100644
index 0000000000000000000000000000000000000000..6a7b776ae0faa19c5d5a5c401fdd924097f756d0
--- /dev/null
+++ b/reuters/test/17633
@@ -0,0 +1,10 @@
+PORTUGUESE UNEMPLOYMENT STEADY IN FIRST QUARTER
+  Unemployment in Portugal held steady at
+  9.6 pct in the first quarter of 1987 after the same rate in the
+  last quarter of 1986, the National Statistics Institute said.
+      This compared with 11.1 pct unemployment in the first
+  quarter of 1986.
+      The total number of registered unemployed in the first
+  quarter of this year was 437,500.
+  
+
diff --git a/reuters/test/17640 b/reuters/test/17640
new file mode 100644
index 0000000000000000000000000000000000000000..336edaf02a4ae8e29e64292b76fb3cb07aa0c765
--- /dev/null
+++ b/reuters/test/17640
@@ -0,0 +1,14 @@
+PARTNERSHIP UPS HBO <HBOC.O> STAKE TO 8.7 PCT
+  Andover Group, a Great Falls, Va.,
+  investment partnership that is seeking control of HBO and Co,
+  said it raised its stake in the company to 2,026,000 shares, or
+  8.7 pct of the total, from 1,626,000 shares, or 7.0 pct.
+      In a filing with the Securities and Exchange Commission,
+  the partnership said it bought 400,000 HBO common shares for
+  5.4 mln dlrs on May 28.
+      The group, which has a slate of candidates seeking board
+  seats, said it would decide whether to submit an offer to
+  acquire the company after the HBO annual shareholders meeting,
+  which was to have been April 30, but was postponed.
+  
+
diff --git a/reuters/test/17643 b/reuters/test/17643
new file mode 100644
index 0000000000000000000000000000000000000000..0c0fcf54cb1d8ed21de49027add5a2b646438839
--- /dev/null
+++ b/reuters/test/17643
@@ -0,0 +1,10 @@
+HUMANA <HUM> TO BUY INT'L MEDICAL ASSETS
+  Humana Inc said a Florida Judge
+  approved a previously announced proposal for the company to buy
+  certain assets of International Medical Centers, which had been
+  declared insolvent and put into receivership in early May.
+      Humana said it will pay 40 mln dlrs to the state's
+  Department of Insurance to pay prior claims and 20 mln dlrs in
+  working capital.
+  
+
diff --git a/reuters/test/17644 b/reuters/test/17644
new file mode 100644
index 0000000000000000000000000000000000000000..dc9aeb20e08d10bb9707ae0c82811defedb1ad41
--- /dev/null
+++ b/reuters/test/17644
@@ -0,0 +1,14 @@
+DIVERSIFIED INDUSTRIES (DMC) TO SELL UNITS
+  Diversified Industries Inc plans to
+  recover more than four mln dlrs from the sale of two marginal
+  subsidiaries, chairman Ben Fixman told the annual meeting.
+      Fixman said Diversified Industries, as part of its effort
+  to redeploy assets, wants to sell its Theodore Sall Inc and
+  Liberty Smelting Works (1962) Ltd units. The two either lost
+  money or had marginal profitability in recent years, he said.
+      Diversified also said it is in the process of obtaining six
+  mln dlrs in an industrial revenue bond financing from the State
+  of Connecticut to modernize the company's Plume and Atwood
+  Brass Mill plant in Thomaston, Conn.
+  
+
diff --git a/reuters/test/17651 b/reuters/test/17651
new file mode 100644
index 0000000000000000000000000000000000000000..feddaa4fab4799aeb1a1b2f82b1dfab21d03d6a9
--- /dev/null
+++ b/reuters/test/17651
@@ -0,0 +1,10 @@
+INSURANCE FIRM AS PIEZO <PEPI.O> PREFERRED STAKE
+  Corporate Life Insurance Co, a West
+  Chester, Pa., insurance firm, told the Securities and Exchange
+  Commission it has acquired 44,600 shares of preferred stock in
+  Piezo Electric Products Inc, or 10.8 pct of the total.
+      Corporate insurance said it bought the cumulative
+  convertible preferred stock stake for 199,690 dlrs for
+  investment purposes.
+  
+
diff --git a/reuters/test/17652 b/reuters/test/17652
new file mode 100644
index 0000000000000000000000000000000000000000..662d8caf7cb5e2369b99141b240e6f7ff9180b3d
--- /dev/null
+++ b/reuters/test/17652
@@ -0,0 +1,11 @@
+CELLULAR INC <CELS.O> TO SELL UNIT, TAKE GAIN
+  Cellular Inc said it reached a definitive
+  agreement to sell assets of its wholly owned Michigan Cellular
+  Inc to Century Telephone Enterprises Inc <CTL> and add 28 cts a
+  share to the year's earnings as a result.
+      It said the sale, subject to regulatory approval,
+  represents a capital gain in excess of 800,000 dlrs over the
+  original price paid by Cellular for its cellular interests in
+  Michigan, acquired in December 1986.
+  
+
diff --git a/reuters/test/17654 b/reuters/test/17654
new file mode 100644
index 0000000000000000000000000000000000000000..489ba1c2983d797561548e42287e5d4cca91979f
--- /dev/null
+++ b/reuters/test/17654
@@ -0,0 +1,36 @@
+LITTLE REACTION TO COMEX PRICE LIMIT REMOVAL
+  The elimination of price limits on
+  precious metals contracts trading at the Commodity Exchange in
+  New York appears to be having little effect on the market,
+  analysts said.
+      "There is nothing apparent from the change," said William
+  O'Neill, director of futures research at Elders Futures Inc.
+  "The market has not approached the old price limits and trading
+  is relative quiet, in narrow ranges," he added.
+      Gold futures, which previously had a limit of 25 dlrs on
+  market moves in most back months, were about 7.00 dlrs weaker
+  in the nearby contracts amid thin conditions, traders said.
+      On May 5, COMEX did away with price limits on the two
+  contracts following spot after a volatile market in silver
+  futures at the end of April caused severe disruptions.
+      During the last week of April, silver futures traded up and
+  down the price limit in the back months, causing traders to
+  rush into the spot contract to offset those moves, analysts
+  said.  As a result, Elders' O'Neill said, there was much
+  confusion, many unmatched trades, and large losses.
+      The COMEX fined Elders Futures and three other large firms
+  a total of 100,000 dlrs for failure to resolve unmatched trades
+  in a timely manner.
+      Silver futures were trading about 30-40 cts weaker in the
+  nearby contracts amid quiet trading today.
+      O'Neill said the elimination of price limits on all COMEX
+  metals futures would add caution to trading since all contracts
+  could move any distance.
+      "This is amore realistic approach because the metals market
+  is a 24 hours market and prices can move without limit,"
+  O'Neill said.
+      Paul Cain, a vice president at Shearson Lehman Brothers,
+  said the elimination of price limits will cut back on panic
+  buying or selling  and contribute to more orderly markets.
+  
+
diff --git a/reuters/test/17655 b/reuters/test/17655
new file mode 100644
index 0000000000000000000000000000000000000000..f3bc2c4f1535a79c28d15cc1e4b5f0a4814a4a08
--- /dev/null
+++ b/reuters/test/17655
@@ -0,0 +1,10 @@
+COMPTEK RESEARCH INC <CMTK.O> 4TH QTR MARCH 31
+  Shr 17 cts vs four cts
+      Net 373,000 vs 82,000
+      Sales 10.1 mln vs 7,825,000
+      Year
+      Shr 45 cts vs 27 cts
+      Net 981,000 vs 595,000
+      Sales 34.5 mln vs 28.5 mln
+  
+
diff --git a/reuters/test/17658 b/reuters/test/17658
new file mode 100644
index 0000000000000000000000000000000000000000..cf9f9e7bf02e9c4ffef91ea666906d64f2d59ef6
--- /dev/null
+++ b/reuters/test/17658
@@ -0,0 +1,18 @@
+U.S. GULF OF MEXICO RIG COUNT CLIMBS TO 38.9 PCT
+  Utilization of offshore mobile rigs in
+  the Gulf of Mexico climbed by 2.1 pct last week to 38.9 pct,
+  reflecting a total of 91 working rigs, Offshore Data Services
+  said.
+      One year ago, the Gulf of Mexico utilization rate was 32.5
+  pct. Offshore Data Services said some drilling contractors had
+  reported recent increases of about 1,000 dlrs a day on large
+  jackup rigs, which now command rates of 11,000 to 12,000 dlrs a
+  day.
+      In the European/Mediterranean area the rig utilization rate
+  rose 0.6 pct to 53.6 pct, against 67.3 pct one year ago.
+      Worldwide rig utilization rose by 1.2 pct to 57.7 pct,
+  reflecting a net increase of eight working rigs. Offshore Data
+  Services said a total of 419 rigs were in use worldwide and 307
+  were idled last week.
+  
+
diff --git a/reuters/test/17659 b/reuters/test/17659
new file mode 100644
index 0000000000000000000000000000000000000000..4751d65c73ab86339f10dea7cb613a0738dd7801
--- /dev/null
+++ b/reuters/test/17659
@@ -0,0 +1,7 @@
+DOTRONIX <DOTX.O> COMPLETES ACQUISITION
+  Dotronix Inc said it completed
+  the acquisition of Video Monitors Inc for 3.92 mln dlrs.
+      Video Monitors is a privately-owned Wisconsin-based
+  manufacturer of video display and and video monitor devices.
+  
+
diff --git a/reuters/test/17660 b/reuters/test/17660
new file mode 100644
index 0000000000000000000000000000000000000000..e9f6bec4150d761826ea5ec48fe8466b0edb1a08
--- /dev/null
+++ b/reuters/test/17660
@@ -0,0 +1,12 @@
+DATAFLEX CORP <DFLX.O> 4TH QTR MARCH 31 NET
+  Shr 11 cts vs eight cts
+      Net 248,000 vs 155,000
+      Revs 4,385,000 vs 2,487,000
+      Year
+      Shr 36 cts vs 12 cts
+      Net 720,000 vs 220,000
+      Revs 15.2 mln vs 9,253,000
+      NOTE: Share adjusted for 10 pct stock dividend in April
+  1987.
+  
+
diff --git a/reuters/test/17661 b/reuters/test/17661
new file mode 100644
index 0000000000000000000000000000000000000000..03f8c9c819b55b3a24a8f1f140030cc15de03c3c
--- /dev/null
+++ b/reuters/test/17661
@@ -0,0 +1,7 @@
+POLYDEX PHARMACEUTICALS LTD <POLXF.O> 1ST QTR
+  April 30 end
+      Shr loss one ct vs loss two cts
+      Net loss 83,116 vs loss 266,037
+      Sales 1,393,455 vs 1,035,500
+  
+
diff --git a/reuters/test/17662 b/reuters/test/17662
new file mode 100644
index 0000000000000000000000000000000000000000..f41e7ea2d228ac86ee2de6706fc8d4c7693eb3c3
--- /dev/null
+++ b/reuters/test/17662
@@ -0,0 +1,11 @@
+ONIC TENDERS WEDNESDAY FOR WHEAT FOR PAKISTAN
+  The French Cereals Intervention Board
+  (ONIC) will tender Wednesday for 20,000 tonnes soft wheat for
+  Pakistan under the French food aid programme, an ONIC official
+  said.
+      The grain will be shipped between June 15 and July 15.
+      ONIC also will hold a tender June 9 for 65,000 tonnes soft
+  wheat under the European Community food aid programme, for
+  shipment in bulk during August, the official said.
+  
+
diff --git a/reuters/test/17664 b/reuters/test/17664
new file mode 100644
index 0000000000000000000000000000000000000000..7f9d85b77ec538f1efb26e20c3dccf0ecb785836
--- /dev/null
+++ b/reuters/test/17664
@@ -0,0 +1,7 @@
+FRENCH AID TO TOGO TO HELP COFFEE, COCOA TREES
+  France is to provide Togo with 475 mln cfa
+  francs of aid for a range of projects that include development
+  of the coffee and cocoa industries and reafforestation in the
+  south of the country, official sources said.
+  
+
diff --git a/reuters/test/17666 b/reuters/test/17666
new file mode 100644
index 0000000000000000000000000000000000000000..114cb45c3038beff1241cf3318a4252aac677ed9
--- /dev/null
+++ b/reuters/test/17666
@@ -0,0 +1,12 @@
+(CLARK COPY) BUYS NORWEGIAN FIRM
+  Clark Copy International
+  Corp said it bought a Norwegian drafting machines company for
+  three mln U.S. dlrs.
+      Clark Copy said its majority-owned Norwegian subsidiary,
+  Interactive Computer Aids Co of Norway, purchased Kongsberg
+  Drafting Systems, a division of Norwegian state-owned Kongsberg
+  Vappenfabrikk.
+      Kongsberg Drafting's annual worldwide sales are about 15
+  mln dlrs, Clark Copy said.
+  
+
diff --git a/reuters/test/17669 b/reuters/test/17669
new file mode 100644
index 0000000000000000000000000000000000000000..0f12a7e909f5db2fcafb3be46afb945f0220431c
--- /dev/null
+++ b/reuters/test/17669
@@ -0,0 +1,14 @@
+BAKER HUGHES' <BHI> U.S. RIG COUNT FALLS TO 758
+  The U.S. drilling rig count fell by four
+  last week to a total of 758, against 723 working rigs at this
+  time last year, Baker Hughes Inc said.
+      In Canada, the weekly rig count rose 19 to 100, compared to
+  46 working rigs last year.
+      Among individual states, the steepest declines were in
+  Oklahoma and Louisiana which lost eight and seven,
+  respectively. Drilling increases were reported by Michigan, up
+  by five rigs, and Ohio and Pennsylvania which each rose by
+  three. Baker Hughes said the total of 758 working rigs in the
+  United States included 84 rigs working in offshore waters.
+  
+
diff --git a/reuters/test/17670 b/reuters/test/17670
new file mode 100644
index 0000000000000000000000000000000000000000..82c16f266a462c15cb19d07c4d5297767fc36862
--- /dev/null
+++ b/reuters/test/17670
@@ -0,0 +1,37 @@
+U.S. TRADE BILL VERY DANGEROUS FOR CANADA, LOBBY
+  A trade bill before the United States
+  House of Representatives "is a very dangerous bill for Canadian
+  industry," Canadian Forest Industry Council chairman Adam
+  Zimmerman told reporters.
+      By changing the definition of subsidy under U.S.
+  countervailing duty law, House of Representatives Bill 3
+  removes protection for companies that take advantage of widely
+  used government programs, Zimmerman told a media briefing.
+      "Clearly, any industry to which Canadian governments grant
+  rights to fish, mine, cut timber, or produce power could be
+  vulnerable to a finding of a subsidy under this language," he
+  said.
+      The Canadian forest lobby's Zimmerman also said the House
+  of Representative Bill would adopt a new way of measuring
+  subsidies that would greatly increase the size of any
+  countervailing duties that might be imposed on Canadian
+  resource exports to the U.S.
+      Under the bill, any difference between Canadian prices and
+  U.S. or world market prices would constitute a subsidy, he
+  said. Such a method would make Canadian resource industries
+  vulnerable to similar penalties like a 15 pct export tax
+  imposed last January on shipments of Canadian softwood lumber
+  to the U.S., Zimmerman added.
+      Canadian negotiators agreed to levy the new tax if a U.S.
+  forest industry lobby would drop its request for a countervail
+  duty on imports of Canadian softwood lumber.
+      "We represent the first victim of the move to price other
+  countries' natural resources according to the U.S. system,"
+  Zimmerman said.
+      "If we're an example, than other resource industries had
+  better watch out," he added.
+      Zimmerman said the Canadian Forest Industry Council plans
+  to discuss concerns about the U.S. trade bill with lobby groups
+  from other Canadian resource industries.
+  
+
diff --git a/reuters/test/17671 b/reuters/test/17671
new file mode 100644
index 0000000000000000000000000000000000000000..07ecb0d3bf2630b544d7ccbff0d5d22206adaf83
--- /dev/null
+++ b/reuters/test/17671
@@ -0,0 +1,6 @@
+SOCIETY/SAVINGS <SOCS.O> FORMS HOLDING COMPANY
+  Society for Savings said it has
+  completed a merger into newly formed holding company Society
+  for Savings Bancorp Inc on a share-for-share basis.
+  
+
diff --git a/reuters/test/17672 b/reuters/test/17672
new file mode 100644
index 0000000000000000000000000000000000000000..64763146e798bc317749fd06d3f0dbaf0d48e5cd
--- /dev/null
+++ b/reuters/test/17672
@@ -0,0 +1,16 @@
+GEODYNE RESOURCES INC <GEOD.O> 4TH QTR FEB 28
+  Shr profit three cts vs profit 31 cts
+      Net profit 330,;575 vs profit 1,4;73,100
+      Revs 1,501,996 vs 2,602,568
+      Avg shrs 10,964,786 vs 4,446,958
+      Year
+      Shr loss eight cts vs profit six cts
+      Net loss 91,523 vs profit 746,289
+      Revs 3,854,821 vs 5,231,598
+      Avg shrs 6,091,334 vs 4,446,958
+      NOTE: Share results after preferred dividend requirements
+  of 44,174 dlrs vs 99,901 dlrs in quarter and 377,111 dlrs vs
+  480,851 dlrs in year
+      Company 40 pct owned by PainWebber Group Inc <PWJ>
+  
+
diff --git a/reuters/test/17673 b/reuters/test/17673
new file mode 100644
index 0000000000000000000000000000000000000000..7d92bb6c5d7dad003369cdb3b0aa834031211e3b
--- /dev/null
+++ b/reuters/test/17673
@@ -0,0 +1,7 @@
+LADD FURNITURE <LADF.O> COMPLETES ACQUISITION
+  LADD Furniture Inc said it has
+  completed the previously-announced acquisition of
+  privately-held Colony House Furniture Inc for an undisclosed
+  amount of cash and notes.
+  
+
diff --git a/reuters/test/17674 b/reuters/test/17674
new file mode 100644
index 0000000000000000000000000000000000000000..fd8ed12be4a11b865091c68c1b709803eeb2aaed
--- /dev/null
+++ b/reuters/test/17674
@@ -0,0 +1,25 @@
+EC MINISTERS CONSIDER CUTBACKS IN STEEL SUPPORT
+  A new steel quota system that would
+  strictly limit European Community (EC) support to the industry
+  could be forced on producers if they fail to find their own
+  solution quickly, officials said.
+      EC industry ministers meeting here considered two key
+  proposals aimed at cutting back surplus capacity by 30 mln
+  tonnes by 1990.
+      The first would limit the current quota system, which has
+  protected EC output for seven years, only to flat products and
+  heavy sections, thereby forcing other types of steel products
+  into free market competition.
+      The second proposal would link continuation of a quota
+  system with progress toward plant closures, although less than
+  a month ago the EC steelmakers' lobby group Eurofer said they
+  had abandoned efforts to close plants voluntarily.
+      The ministers stopped short of imposing their own solution
+  immediately, instead urging steel producers to try again to
+  reach agreement on voluntary cutbacks.
+      The EC Commission has said it will come up with detailed
+  proposals in July on the future of the EC steel industry and EC
+  industry ministers meet again in September to reach a final
+  decision.
+  
+
diff --git a/reuters/test/17677 b/reuters/test/17677
new file mode 100644
index 0000000000000000000000000000000000000000..8f18245540d005b42d14ce437670b6e219db32a8
--- /dev/null
+++ b/reuters/test/17677
@@ -0,0 +1,9 @@
+PHILIP CROSBY <PCRO.O> MAKES ACQUISITION
+  Philip Crosby Associates Inc
+  said it has agreed to acquire Process Integrity Inc of Dallas,
+  a computer software designer, for undisclosed terms.
+      It said Process' software helps companies monitor
+  industrial processes, identifies problems and recommends
+  solutions.
+  
+
diff --git a/reuters/test/17682 b/reuters/test/17682
new file mode 100644
index 0000000000000000000000000000000000000000..f48e270b91d3c6970c09b2a1b3ba254158ff37b7
--- /dev/null
+++ b/reuters/test/17682
@@ -0,0 +1,19 @@
+PEERLESS MANUFACTURING <PMFG.O> SELLS UNIT
+  Peerless Manufacturing Co said it has sold
+  its Industrial Sensors and Instruments Division and Panhandle
+  Equipment Co subsidiaries for a total of 635,000 dlrs in cash.
+      It said the transaction will result in a loss of about
+  605,000 dlrs or 50 cts per share, which it will take in the
+  fourth quarter ending June 30. Peerless said due to the sale it
+  will probably have a loss for the year.
+      It said it sold the units, to buyers it did not name, due
+  to increasing losses caused by the depressed petroleum
+  equipment market.
+                                 
+      Peerless earned 576,000 dlrs or 63 cts per share in fiscal
+  1986.
+      It said the units being sold lost 28 cts per share in the
+  first nine months of fiscal 1987 and 12 cts in all of fiscal
+  1986.
+  
+
diff --git a/reuters/test/17683 b/reuters/test/17683
new file mode 100644
index 0000000000000000000000000000000000000000..e812e143858343fcfe653b32c50778000e8b3374
--- /dev/null
+++ b/reuters/test/17683
@@ -0,0 +1,5 @@
+HICKS AND HAAS GROUP GETS FINANCING FOR SPECTRADYNE ACQUISITION
+
+  HICKS AND HAAS GROUP GETS FINANCING FOR SPECTRADYNE ACQUISITION
+  
+
diff --git a/reuters/test/17685 b/reuters/test/17685
new file mode 100644
index 0000000000000000000000000000000000000000..31ead9e8bb696ff105e147efebd2dbcb9f0643a8
--- /dev/null
+++ b/reuters/test/17685
@@ -0,0 +1,12 @@
+UNITED TOTE INC <TOTE.O> 2ND QTR APRIL 30
+  Shr profit four cts vs profit three cts
+      Net profit 64,197 vs profit 56,437
+      Revs 4.9 mln vs 1.6 mln
+      Six months
+      Shr profit four vs loss seven cts
+      Net profit 67,133 vs loss 114,427
+      Revs 9.1 mln vs 2.8 mln
+      NOTE:1987 first half includes revnues of new racetrack
+  operation.
+  
+
diff --git a/reuters/test/17686 b/reuters/test/17686
new file mode 100644
index 0000000000000000000000000000000000000000..6f62d8b2b2e5e6219c1efd80efa59a58d9beefd3
--- /dev/null
+++ b/reuters/test/17686
@@ -0,0 +1,25 @@
+CANADA LUMBER EXPORTS MAY BECOME UNPROFITABLE
+  Canada's softwood lumber will become
+  unprofitable for some forest product producers if prices
+  decline to about 175 U.S. dlrs per thousand board feet of two
+  by four inch lumber from current levels of about 195 U.S. dlrs,
+  Canadian Forest Industry Council chairman Adam Zimmerman told
+  reporters.
+      Zimmerman reiterated profitability has been hurt by a move
+  by Canadian negotiators to impose last January a 15 pct export
+  tax on softwood lumber shipped to the U.S. in exchange for a
+  U.S. lumbermen's lobby dropping its request for a countervail
+  duty.
+      "I think that there has been a falling off in the market, so
+  I think there is a moderate slow down in the price now,"
+  Zimmerman said at a media briefing.
+      Zimmerman said the adverse impact from lower U.S. lumber
+  product prices would be felt by lumber mills in eastern Canada
+  first, migrating westward.
+      "The country has swallowed a time bomb and it will go off
+  when times get tough," Zimmerman said.
+      He also said the federal government should maintain the
+  existing 15 pct export tax and not allow provinces to offset
+  the tax with increased provincial fees for cutting lumber.
+  
+
diff --git a/reuters/test/17687 b/reuters/test/17687
new file mode 100644
index 0000000000000000000000000000000000000000..571924b77ad03e529089c8088db1e92e33059dd9
--- /dev/null
+++ b/reuters/test/17687
@@ -0,0 +1,11 @@
+<SEMICON TOOLS INC> MAKING ACQUISITION
+  Semicon Tools Inc said it has
+  signed a letter of intent to acquire a majority interest in
+  privately held East Coast Sales, a distributor and fabricator
+  of technical ceramic products and disposable clean room
+  materials and supplies.
+      Terms were not disclosed.
+      It said it expects to acquisition to result in a
+  substantial sales increase.
+  
+
diff --git a/reuters/test/17688 b/reuters/test/17688
new file mode 100644
index 0000000000000000000000000000000000000000..cf42533b363770fe9c243927e56d1ee43e76ceb7
--- /dev/null
+++ b/reuters/test/17688
@@ -0,0 +1,10 @@
+SAFETY-KLEEN <SK> COMPLETES ACQUISITION
+  Safety-Kleen Corp said it completed
+  the acquisition of an 80 pct interest in BresLube Enterprises,
+  for about 12 mln dlrs in stock and cash.
+       BresLube, based in Toronto, collects used lubricating oils
+  from auto garages, car dealers and other businesses, and
+  re-refines it for resale. Its annual revenues are about 18 mln
+  dlrs.
+  
+
diff --git a/reuters/test/17694 b/reuters/test/17694
new file mode 100644
index 0000000000000000000000000000000000000000..0a41c20a4afd10217822f312c4440b65ce30c0a1
--- /dev/null
+++ b/reuters/test/17694
@@ -0,0 +1,12 @@
+HICKS/HAAS GROUP HAS SPECTRADYNE <SPDY.O> FUNDS
+  SPI Holding Inc, a group consisting of
+  Hicks and Haas and Acadia Partners LP, said it has received
+  commitments for the senior bank financing needed to complete
+  its proposed acquisition of Spectradyne Inc for 46 dlrs a share
+  in cash or securities, or a total of about 452 mln dlrs.
+      The transaction was conditioned on the arrangement fo
+  financing by today.
+      It said it has also executed multi-year employment and
+  non-competition agreements with five Spectrayne senior managers.
+  
+
diff --git a/reuters/test/17698 b/reuters/test/17698
new file mode 100644
index 0000000000000000000000000000000000000000..a8f8a95e673291b28aaad55d72bfba0bdc1add38
--- /dev/null
+++ b/reuters/test/17698
@@ -0,0 +1,5 @@
+ALCOA RAISING PRICES OF ALUMINUM BEVERAGE CAN STOCK EIGHT PCT
+
+  ALCOA RAISING PRICES OF ALUMINUM BEVERAGE CAN STOCK EIGHT PCT
+  
+
diff --git a/reuters/test/17700 b/reuters/test/17700
new file mode 100644
index 0000000000000000000000000000000000000000..37c5aa5f3524fd7c552084ef612c5ac0737b8d5e
--- /dev/null
+++ b/reuters/test/17700
@@ -0,0 +1,96 @@
+COMPUTER ASSOC. <CA> BOLSTERS HAND AGAINST IBM
+  Computer Associates International Inc's
+  800 mln dlr merger with Uccel Corp <UCE> will eliminate its
+  strongest rival, but the company still faces stiff competition
+  from International Business Machines Corp <IBM>, Wall Street
+  analysts said.
+       "IBM is still the ruling force in mainframe systems
+  software," said Scott Smith, an analyst with Donaldson Lufkin
+  and Jenrette.
+      "But the combination of the two companies will clearly
+  present a much stronger front," he said.
+      Besides IBM, "Computer Associates will be far and away the
+  most powerful company in the field," added E.F. Hutton analyst
+  Terence Quinn.
+      That field is a segment of the market known as system
+  utilities, or software packages that boost the productivity of
+  a company's data processing facilities by increasing the speed,
+  power and efficiency of large mainframe computers.
+      The merger of Uccel and Computer Associates combines the
+  two biggest systems utilities suppliers other than IBM.
+  Analysts said the remaining players are mostly small firms that
+  will find the competition much harder than in the past.
+      For Computer Associates, the merger with Uccel caps a
+  six-year acquisition campaign that has vaulted the Garden City,
+  N.Y.-based company to the top of the software industry.
+      When the deal is completed sometime in August, the
+  company's revenues will exceed 450 mln dlrs, pushing it past 
+  Microsoft Corp <MFST> as the world's largest independent
+  software vendor.
+      Computer Associates founder and chairman Charles B. Wang
+  took the company public in 1981, and since then he has bought
+  15 companies and boosted annual sales from 18.5 mln to 309.3
+  mln dlrs for the year ended March 31.
+      Liemandt took charge of Wyly, sold off its non-computer
+  businesses and decided that it would focus solely on mainframe
+  computer software. In 1984, the company was renamed Uccel Corp.
+      Liemandt, who said he will leave the company after the
+  merger is completed, also turned to acquisitions for growth.
+      On the last day of 1986, Uccel completed the buyouts of six
+  companies for a total of about 60 mln dlrs.
+      For 1986, it earned 17.0 mln dlrs, or 1.01 dlrs a share, on
+  sales of 141.5 mln dlrs.
+      The agreement took industry analysts by surprise, largely
+  because the companies had been such bitter rivals. Also,
+  Dallas-based Uccel had engineered a strong comeback from the
+  dark days of 1982, when, as Wyly Corp, it lost 7.7 mln dlrs, or
+  56 cts a share.
+     At that time, Wyly owned a potpourri of 13 different
+  businesses, only three of which were involved in computer
+  software. In 1983, Walter Haefner, a Swiss financier and a
+  major Wyly investor, lured Gregory J. Liemandt away from his
+  job as chairman of General Electric Co's <GE> computer services
+  unit.
+      Computer Associates' Wang and Uccel's Liemandt said at a
+  news conference that the merger would give computer users a
+  single source for a wide range of software products.
+      In addition to system utilities, Computer Associates also
+  sell products for microcomputers, while Uccel has made inroads
+  in the applications software market, where analysts said it has
+  been successful with accounting and banking systems.
+      Wang said Computer Associates would continue to support and
+  enhance both companies' product lines, but noted that the
+  company will eventually weed out duplicate offerings. He said
+  about 20 pct of the companies' products overlap.
+      Analysts said the merger would dilute the holdings of
+  current Computer Associates shareholders by about 10 pct. But
+  they joined Wang in forecasting that the deal will not dilute
+  Computer Associates' earnings for the current fiscal year.
+      Quinn of E.F. Hutton said Wang has a proven track record of
+  completing acquisitions without earnings dilution. Therefore,
+  he said he would not change his 1988 earnings estimate of 1.05
+  dlrs a share.
+      Wang said he would look closely at the combined operations
+  of the two companies and cut duplication in sales, marketing
+  and research and development.
+      Analysts said Computer Associates paid a premium for Uccel.
+  Based on Friday's closing price, the company will swap 47.50
+  dlrs worth of its stock for each Uccel share, which is nearly
+  33 times Uccel's 1987 estimated earnings of 1.45 dlrs a share.
+      Stephen T. McClellan of Merrill Lynch Research said most
+  software companies are currently valued at about 20 times
+  per-share earnings. But the analyst said Uccel was worth the
+  premium because of its earnings potential and customer base.
+  
+      Wang said Haefner, the Swiss investor, would hold about 25
+  pct of Computer Associates stock after the merger. He currently
+  owns 58 pct of Uccel.
+      The executive said the merger would not alter his target of
+  maintaining sales and earnings growth of 30 pct to 35 pct.
+      In addition, he said he expects no problems in having the
+  deal cleared by the antitrust division of the U.S. Justice
+  Department.
+      Uccel's Liemandt declined to say what he will do after the
+  merger, but he did not rule out working together with Wang.
+  
+
diff --git a/reuters/test/17701 b/reuters/test/17701
new file mode 100644
index 0000000000000000000000000000000000000000..2eaa9fd1c97806c08c435d1740f18652fc9fc3b7
--- /dev/null
+++ b/reuters/test/17701
@@ -0,0 +1,20 @@
+MAXWELL WOULD NOT RENEW BID IF SUIT FAILS
+  British press magnate Robert Maxwell said
+  his British Printing and Communication Corp Plc would not renew
+  its bid for Harcourt Brace Jovanovich Inc <HBJ> if the lawsuit
+  filed against Harcourt in New York today fails.
+      Speaking at a press conference, Maxwell denied market
+  rumors that British Printing had approached British
+  institutions to arrange a rights issue with a view to
+  relaunching its bid for the U.S. publishing concern.
+      "I don't believe in chasing mirages," maxwell said.
+      British Printing filed suit in U.S. District Court in
+  Manhattan to block what Maxwell called a fraudulent
+  recapitalization announced by Harcourt last week.
+      Harcourt, in response to a hostile two billion dlr takeover
+  proposal from Maxwell, planned a recapitalization that would
+  pay shareholders 40 dlrs per share. Under the plan, it also
+  said 40 pct of its shares will be controlled by its employees,
+  management, and its financial adviser, First Boston Corp <FBC>.
+  
+
diff --git a/reuters/test/17702 b/reuters/test/17702
new file mode 100644
index 0000000000000000000000000000000000000000..a8f8a95e673291b28aaad55d72bfba0bdc1add38
--- /dev/null
+++ b/reuters/test/17702
@@ -0,0 +1,5 @@
+ALCOA RAISING PRICES OF ALUMINUM BEVERAGE CAN STOCK EIGHT PCT
+
+  ALCOA RAISING PRICES OF ALUMINUM BEVERAGE CAN STOCK EIGHT PCT
+  
+
diff --git a/reuters/test/17703 b/reuters/test/17703
new file mode 100644
index 0000000000000000000000000000000000000000..db9a1be2f8f21dddd6a8dc847ecd87eaeb988549
--- /dev/null
+++ b/reuters/test/17703
@@ -0,0 +1,18 @@
+<GRAND UNION CO> 4TH QTR MARCH 28 NET
+  Net 7,237,000 vs 5,938,000
+      Sales 630.8 mln vs 601.8 mln
+      Year
+      Net 34.1 mln vs 20.5 mln
+      Sales 2.75 billion vs 2.61 billion
+      NOTE: Twelve and 52-week periods.
+      Generale Occidentale SA subsidiary.
+      Prior year net both periods includes 7,580,000 dlr pretax
+  charge for store closings.
+      Year net includes pension gain 3,455,000 dlrs vs charge
+  5,502,000 dlrs due to change in pension accounting.
+      Income tax rate for year 45.9 pct vs 34.1 pct due to
+  abolition of investment tax credits.  Elimination of investment
+  tax credits approximately offset gain from change in pension
+  accounting, company said.
+  
+
diff --git a/reuters/test/17706 b/reuters/test/17706
new file mode 100644
index 0000000000000000000000000000000000000000..f88e46eeb0abf8ab260d01c2775f1cddea21f4e2
--- /dev/null
+++ b/reuters/test/17706
@@ -0,0 +1,10 @@
+U.S. VIDEO <VVCO.O>, FIRST NATIONAL IN MERGER
+  U.S. Video Vending Corp said it
+  completed acquiring First National Telecommunications INc from
+  First National Entertainment Corp for about 10 mln, or a
+  controlling interest of U.S. Video Vending shares.
+      Pursuant to the transaction, Harvey Seslowsky and William
+  Hodes resigned from U.S. Video's board and were replaced by
+  four members of First National.
+  
+
diff --git a/reuters/test/17707 b/reuters/test/17707
new file mode 100644
index 0000000000000000000000000000000000000000..da17c666f421cb83f0ef704b20106add9d05c1d6
--- /dev/null
+++ b/reuters/test/17707
@@ -0,0 +1,46 @@
+COCOA ORIGINS DISMAYED BY BUFFER STOCK ACTION
+  Traders recently returned from West Africa
+  say some producers there are dismayed by the ineffective action
+  so far by the International Cocoa Organization (ICCO) buffer
+  stock manager on buffer stock purchases.
+      One trader said some West African producers are annoyed the
+  Buffer Stock manager is not playing his part as required by the
+  International Cocoa Pact to stabilise prices from current lows.
+      So far, only 21,000 tonnes of second hand cocoa have been
+  taken up for buffer stock purposes and this, traders noted,
+  only on an intermittent basis.
+      They noted the purchases, of 8,000 tonnes in the first week
+  he bought and 13,000 in the second, are well short of the
+  limitations of no more than 5,000 tonnes in one day and 20,000
+  in one week which the cocoa agreement places on him.
+      The traders recently returned from West Africa say
+  producers there are unhappy about the impact on cocoa prices so
+  far, noting producing countries are part of the international
+  cocoa pact and deserve the same treatment as consumers.
+      London traders say terminal market prices would have to
+  gain around 300 stg a tonne to take the ICCO 10-day average
+  indicator to its 1,935 sdr per tonne midway point (or reference
+  price).
+      However, little progress has been made in that direction,
+  and the 10-day average is still well below the 1,600 sdr lower
+  intervention level at 1,562.87 from 1,569.46 previously.
+      The buffer stock manager may announce today he will be
+  making purchases tomorrow, although under the rules of the
+  agreement such action is not automatic, traders said.
+      Complaints about the inaction of the buffer stock manager
+  are not confined to West African producers, they observed.
+      A Reuter report from Rotterdam quoted industry sources
+  there saying Dutch cocoa processors also are unhappy with the
+  intermittent buffer stock buying activities.
+      In London, traders expressed surprise that no more than
+  21,000 tonnes cocoa has been bought so far against total
+  potential purchases under the new agreement of 150,000 tonnes.
+  Carryover holdings from the previous International Cocoa
+  Agreement in the stock total 100,000 tonnes.
+      Terminal prices today rose by up to 10 stg a tonne from
+  Friday's close, basis July at its high of 1,271.
+      It seems that when the buffer stock manager is absent from
+  the market, prices go up, while when he declares his intention
+  to buy, quite often the reverse applies, traders said.
+  
+
diff --git a/reuters/test/17710 b/reuters/test/17710
new file mode 100644
index 0000000000000000000000000000000000000000..d59d176ca741c8259e8e5ad15f2781965bc9b41f
--- /dev/null
+++ b/reuters/test/17710
@@ -0,0 +1,9 @@
+RAPID-AMERICAN COMPLETES K MART <KM> STORE BUY
+  Privately-held Rapid-American Corp said
+  it has completed the previously-announced acquisition of 66
+  Kresge and Jupiter stores from K Mart Corp.
+      The company said it plans to operate 57 of the stores as
+  McCrory Five and 10 variety stores and close the others by the
+  end of July.
+  
+
diff --git a/reuters/test/17712 b/reuters/test/17712
new file mode 100644
index 0000000000000000000000000000000000000000..da8f92689651c7859168d9778138c7f45206ce82
--- /dev/null
+++ b/reuters/test/17712
@@ -0,0 +1,8 @@
+HUGHES SUPPLY INC <HUG> 1ST QTR APRIL 30 NET
+  Shr 58 cts vs 53 cts
+      Shr diluted 54 cts vs 53 cts
+      Net 1,957,745 vs 1,594,009
+      Sales 95.8 mln vs 87.4 mln
+      NOTE: Average shares up 11.7 pct on primary basis.
+  
+
diff --git a/reuters/test/17714 b/reuters/test/17714
new file mode 100644
index 0000000000000000000000000000000000000000..42f36ea2012a7d5e47e0865aa3c2a2fd5d352c6d
--- /dev/null
+++ b/reuters/test/17714
@@ -0,0 +1,39 @@
+LITTLE REACTION TO REMOVAL COMEX DAILY LIMITS
+  The elimination of limits on daily price
+  fluctuations for metals futures contracts traded on the
+  Commodity Exchange, COMEX, appears to be having little effect
+  on the market, analysts said.
+      "There is nothing apparent from the change," said William
+  O'Neill, director of futures research at Elders Futures Inc.
+      "The market has not approached the old price limits and
+  trading is relative quiet, in narrow ranges," he said.
+      On May 5, COMEX eliminated price limits on the two
+  contracts following each spot delivery in gold, silver, copper
+  and aluminum futures after a review of its clearing operations,
+  which were severely tested by a volatile market in silver
+  futures at the end of April. COMEX announced Friday the lifting
+  of all daily limits, effective today.
+      Gold futures, which previously had a limit of 25 dlrs per
+  ounce in most back months, were about 7.00 dlrs weaker in the
+  nearby contracts amid thin volume conditions, traders said.
+      Silver futures, previously limited at 50 cents in most back
+  months, were trading about 30-40 cts weaker in the nearby
+  contracts amid quiet trading today.
+      During the last week of April, silver futures often traded
+  at the daily allowable limit amid concerns about inflation, the
+  dollar, and other factors. Traders rushed into the spot, or
+  unlimited, contract to offset those moves, analysts said.
+      As a result, O'Neill said, there was much confusion, many
+  unmatched trades, and large losses for some traders.
+      The COMEX fined four large firms a total of 100,000 dlrs
+  for failure to resolve unmatched trades in a timely manner.
+      Paul Cain, a vice president at Shearson Lehman Brothers,
+  said the elimination of price limits will cut back on panic
+  buying or selling and contribute to more orderly markets.
+      O'Neill added that the elimination of daily limits would
+  add caution to trading.
+      "This is a more realistic approach because the metals
+  market is a 24 hours market and prices can move without limit,"
+  O'Neill said.
+  
+
diff --git a/reuters/test/17716 b/reuters/test/17716
new file mode 100644
index 0000000000000000000000000000000000000000..fb1ef2824b9e888240051af36f76c9808e4450a6
--- /dev/null
+++ b/reuters/test/17716
@@ -0,0 +1,14 @@
+TOTAL HEALTH <TLHT.O> TO MAKE ACQUISITION
+  Total Health Systems Inc said it
+  has agreed to acquire CoMED Inc of Denville, N.J., a health
+  maintenance organization with over 63,000 subscribers, for an
+  undisclosed amount of cash, the assumption of liabilities and
+  the provision of up to 10 mln dlrs in equity and debt
+  financing.
+      The company said the acquisition is subject to regulatory
+  approvals.
+      It said CoMED had 1986 revenues of 30.0 mln dlrs and
+  earnings of 650,383 dlrs and had revenues for the first four
+  months of 1987 of 13.6 mln dlrs, up 60 pct from a year before.
+  
+
diff --git a/reuters/test/17719 b/reuters/test/17719
new file mode 100644
index 0000000000000000000000000000000000000000..4b7ff38e5d6c73f5603eedfa8476e1da92fb2e28
--- /dev/null
+++ b/reuters/test/17719
@@ -0,0 +1,9 @@
+UNITED ASSET <UAM> COMPLETES ACQUISITION
+  United Asset Management corp said it
+  has completed the acquisition of Rice, Hall, James and
+  Associates of San Diego for undisclosed terms.
+      It said Rice Hall manages investments for institutions and
+  individuals and has about 690 mln dlrs in assets under
+  management currently.
+  
+
diff --git a/reuters/test/17722 b/reuters/test/17722
new file mode 100644
index 0000000000000000000000000000000000000000..aae44c3f819171152f7e3bda65e3b334c0a34f83
--- /dev/null
+++ b/reuters/test/17722
@@ -0,0 +1,5 @@
+U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS,  SOYBEANS 7,209, WHEAT 15,187 CORN 25,347
+
+  U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS,  SOYBEANS 7,209, WHEAT 15,187 CORN 25,347
+  
+
diff --git a/reuters/test/17723 b/reuters/test/17723
new file mode 100644
index 0000000000000000000000000000000000000000..ce53fd147628cb690c57d0e4b24fc105c85aba8e
--- /dev/null
+++ b/reuters/test/17723
@@ -0,0 +1,18 @@
+COMPUTERLAND TO BE ACQUIRED BY INVESTOR GROUP
+  Computerland Corp said an
+  investor group led by the financial services firm E.M. Warburg
+  Pincus and Co Inc has agreed to acquire Computerland's
+  business.
+      Computerland, a privately-held company said to be the
+  world's largest retailer of personal computers, declined to
+  provide details of the arrangement.
+      But the company said it expects to close the acquisition
+  over the next 60 to 90 days.
+      In announcing the transaction, Computerland said the
+  acquisition will provide it with resources and support to
+  maintain and expand its leadership position in the computer
+  retail industry.
+      Computerland also said its network retail sales in 1986
+  totalled 1.45 billion dlrs.
+  
+
diff --git a/reuters/test/17727 b/reuters/test/17727
new file mode 100644
index 0000000000000000000000000000000000000000..7f1e3151c0c7bf3235e10c221bd92f87f4ccac9e
--- /dev/null
+++ b/reuters/test/17727
@@ -0,0 +1,5 @@
+BILZERIAN SAYS IF PAY N'PAK SIGNS MERGER ACCORD HE WILL TENDER FOR 7.5 MLN SHARES
+
+  BILZERIAN SAYS IF PAY N'PAK SIGNS MERGER ACCORD HE WILL TENDER FOR 7.5 MLN SHARES
+  
+
diff --git a/reuters/test/17728 b/reuters/test/17728
new file mode 100644
index 0000000000000000000000000000000000000000..13abea0e43ec2c9dc772cb6e33833479a913fce5
--- /dev/null
+++ b/reuters/test/17728
@@ -0,0 +1,8 @@
+PIOSEC <PIO.AL> ACQUIRES SEMICONDUCTOR STAKE
+  Piosec Technology Ltd said it
+  exchanged 4.5 mln common shares for 21 pct of privately owned
+  <Alliance Semiconductor Corp> of Santa Clara, Calif.
+      Followin the acquisition, a Piosec spokesman said, the
+  company has 6.5 mln shares outstanding.
+  
+
diff --git a/reuters/test/17731 b/reuters/test/17731
new file mode 100644
index 0000000000000000000000000000000000000000..e2c3427f14d83feae3df4b6b64c0bb86021093eb
--- /dev/null
+++ b/reuters/test/17731
@@ -0,0 +1,70 @@
+TIN TRADERS' RESPONSE MUTED TO KL FUTURES MARKET
+  European free market tin traders made a
+  somewhat muted response to plans for a Kuala Lumpur
+  dollar-based tin futures market due to be launched in October.
+      Traders said the new market would probably be a useful
+  trading medium for Japan and other South East Asian tin
+  interests although European traders generally appear to be
+  reasonably satisfied with the current "free market" system
+  which has been operating since London Metal Exchange, LME, tin
+  trading ceased in October 1985. Dealers here will also want to
+  see how acceptable foreign metal will be on the new market and
+  what sort of demand develops for forward deliveries.
+      There is also a view among European traders that, while the
+  proposed Kuala Lumpur tin futures market would provide another
+  useful reference point, a market inaugurated by the Malaysian
+  government -- in the past viewed as a major player at times by
+  the trade -- would make participants uncomfortable.
+      Some traders expressed a preference for a resumption of
+  trading on the London Metal Exchange, but they added that while
+  there has been some behind the scenes discussion on the subject
+  a definite move is unlikely until outstanding High Court
+  litigation actions have been resolved.
+      Spot tin prices on the European free market are currently
+  around 4,200 stg per tonne for high grade metal in warehouse
+  Rotterdam. Over the past 18 months the price moved to a ten
+  year low of 3,400 stg in March 1986 and rebounded to as high as
+  4,680 stg in December 1986.
+      This compares with 8,140 stg last paid when LME trading
+  ceased in October 1985 and a record high tin price of 10,350
+  stg traded for Cash Standard Grade metal in June of that year.
+      LME warehouse stocks are now near a two-year low at 28,065
+  tonnes, having fallen steadily from a record high of 72,485
+  tonnes reached in February 1986.
+      Traders said the free market turned bullish during late
+  last year based on producer forecasts of a supply/demand
+  deficit of some 28,000/29,000 tonnes. Analysts were predicting
+  prices of up to 5,000 stg per tonne during 1987.
+      However, the trend was reversed following a strong upswing
+  in sterling versus the dollar and values fell back briefly to
+  4,100 stg last month after approaching 4,700 stg in December.
+      The decline accelerated as producers who had sold very
+  little metal at the higher levels became competitive sellers.
+      There was also a lack of significant demand from major
+  steel mills who made large purchases prior to the new year.
+      Traders say the 15 ITC creditor banks' original tin
+  holdings of nearly 45,000 tonnes have now been almost halved,
+  and the bulk of material still available is being held by
+  Malaysian and Japanese firms which are reluctant to depress the
+  market with unwanted metal.
+      Some 80,000 tonnes were held by banks and brokers after the
+  International Tin Council's, ITC, buffer stock manager halted
+  support operations on the LME on behalf of the 22 members
+  nations of the International Tin Agreement.
+      The overhang of metal was reduced further by broker
+  Shearson Lehman Brothers, which earlier this year reported
+  having sold its ITC-related holdings and halved its overall tin
+  position.
+      Analysts see no immediate sign of a rally in European tin
+  prices and movements are still expected to be largely related
+  to currency fluctuations, unless significant consumer demand
+  emerges for the third quarter.
+      The Association of Tin Producing Countries, ATPC, has made
+  efforts since the collapse of the ITA to achieve higher world
+  prices by attempting to bring all major producers under an
+  export control umbrella, but to date Brazil and China, two
+  major producers, remain unaffected by the ATPC argument and
+  apparently are continuing to offer material at discounts to
+  consumers in main European trading centres, dealers said.
+  
+
diff --git a/reuters/test/17733 b/reuters/test/17733
new file mode 100644
index 0000000000000000000000000000000000000000..3054c2deaad693782e26b23e4032b867103d01a7
--- /dev/null
+++ b/reuters/test/17733
@@ -0,0 +1,5 @@
+ICCO buffer stock manager to buy 5,000 tonnes cocoa Tuesday, June 2 - official
+
+  ICCO buffer stock manager to buy 5,000 tonnes cocoa Tuesday, June 2 - official
+  
+
diff --git a/reuters/test/17738 b/reuters/test/17738
new file mode 100644
index 0000000000000000000000000000000000000000..a30186ce0676407fb4b54fa9f954c1cc6cf4f9e9
--- /dev/null
+++ b/reuters/test/17738
@@ -0,0 +1,10 @@
+CO-OPERATIVE <COBK.O> COMPLETES ACQUISITION
+  Co-operative Bancorp said it
+  completed the acquisition of all the issued and outstanding
+  stock of the Quincy Co-operative Bank <QBCK.O>.
+      Under the agreement, Quincy stockholders will receive 30
+  dlrs cash for each share owned of the Quincy Co-operative Bank,
+  for a total transaction of approximately 50 mln dlrs,
+  Co-operative said.
+  
+
diff --git a/reuters/test/17742 b/reuters/test/17742
new file mode 100644
index 0000000000000000000000000000000000000000..49d8bb031fcf7bb101cc018fe3816a30a8ff7208
--- /dev/null
+++ b/reuters/test/17742
@@ -0,0 +1,5 @@
+REAGAN SAYS U.S., ALLIES MUST HONOR ACCORDS ON EXCHANGE RATE STABILITY
+
+  REAGAN SAYS U.S., ALLIES MUST HONOR ACCORDS ON EXCHANGE RATE STABILITY
+  
+
diff --git a/reuters/test/17743 b/reuters/test/17743
new file mode 100644
index 0000000000000000000000000000000000000000..f85f7a0cca1b054c996f219590e1d91f7dbdc2d3
--- /dev/null
+++ b/reuters/test/17743
@@ -0,0 +1,11 @@
+MONSANTO <MTC> TO ACQUIRE RHONE-POULENC ASSETS
+  Monsanto Co said it is acquiring
+  certain commerical assets of <Rhone-Poulenc Chimie's>
+  polyphenyl business.
+      Terms of the transaction were not disclosed.
+      Among the assets being acquired are its polyphenyl business
+  worldwide, including biphenyl and the heat transfer fluid
+  Gilotherm TH, together with associated manufacturing and
+  application technology, Monsanto said.
+  
+
diff --git a/reuters/test/17746 b/reuters/test/17746
new file mode 100644
index 0000000000000000000000000000000000000000..7fe70a02bd46d9aedd8110a377b863a02325d234
--- /dev/null
+++ b/reuters/test/17746
@@ -0,0 +1,11 @@
+INFO-DATA TO ACQUIRE USA OUTDOOR ADVERTISING
+  <Info-Data Inc> said it
+  will acquire <USA Outdoor Advertising Inc> of Jacksonville,
+  Fla., in exchange for stock.
+      USA Outdoor Advertising was acquired for 62.4 pct of the
+  outstanding shares of Info-Data Inc, the company said.
+      Info-Data said it plans to change its name to USA Outdoor
+  Advertising Inc to reflect the change in the company's
+  operations.
+  
+
diff --git a/reuters/test/17748 b/reuters/test/17748
new file mode 100644
index 0000000000000000000000000000000000000000..4f0dddc53f89413ac5b1cbfea847e35c836531d1
--- /dev/null
+++ b/reuters/test/17748
@@ -0,0 +1,13 @@
+REAGAN URGES FULFILLMENT OF EXCHANGE ACCORDS
+  President Reagan, preparing to depart
+  for the Venice economic summit on Wednesday, said the United
+  States and its allies must fulfill agreements on exchange rate
+  stability.
+      "Economic policy decisions made last year in Tokyo, and at
+  this year's meetings of Group of 7 Finance ministers in Paris
+  and in Washington, cannot be ignored or forgotten," he said.
+      "The commitments made at these meetings need to be
+  translated into action," Reagan said in a pre-summit speech
+  celebrating the 40th anniversary of the Marshall Plan.
+  
+
diff --git a/reuters/test/17749 b/reuters/test/17749
new file mode 100644
index 0000000000000000000000000000000000000000..59861797c33287d3cbc5193c988927c6de17b173
--- /dev/null
+++ b/reuters/test/17749
@@ -0,0 +1,8 @@
+UNI-MARTS <IMMA.O> ACQUIRES GAS-N-ALL STORES
+  Uni Marts Inc said it acquired
+  seven <Gas-N-All Inc> convenience stores for an undisclosed
+  amount of cash.
+      The acquisition bring to 228 the number of convenience
+  stores owned by Uni-Marts, the company said.
+  
+
diff --git a/reuters/test/17750 b/reuters/test/17750
new file mode 100644
index 0000000000000000000000000000000000000000..5e6b24360c13354647bf0e6afc323241294d2ffe
--- /dev/null
+++ b/reuters/test/17750
@@ -0,0 +1,52 @@
+REAGAN HINTS U.S. WANTS HELP IN PATROLLING GULF
+  President Reagan said he would discuss
+  the Mideast Gulf situation with allied leaders at next week's
+  Venice economic summit and hinted he would seek their help in
+  preserving free navigation.
+      In a speech prepared for delivery as the United States made
+  plans to protect 11 Kuwaiti oil tankers from Iranian attack,
+  Reagan said the American people were aware that "it is not our
+  interests alone that are being protected."
+      Saying that allied dependence on gulf oil was no secret,
+  Reagan declared, "During the upcoming summit in Venice, we will
+  be discussing the common security interests shared by the
+  western democracies in the MIDEAST Gulf.
+      "The future belongs to the brave. Free men should not cower
+  before such challenges, and they should not expect to stand
+  alone."
+      Reagan will meet the leaders of Britain, France, West
+  Germany, Italy, Canada and Japan at the economic summit, which
+  will take place in Venice June 8-10.
+     
+      The 13th annual top-level meeting of the major industrial
+  democracies will take place against a backdrop of rising
+  congressional concern over Reagan's plan to protect gulf
+  shipping and demands that the allies do more.
+       These concerns were heightened by the May 17 Iraqi missile
+  attack on the U.S. frigate Stark which killed 37 seamen.
+      "They died while guarding a chokepoint of freedom, deterring
+  aggression and reaffirming America's willingness to protect its
+  vital interests," Reagan said.
+     
+      In a pre-summit speech celebrating the 40th anniversary of
+  the Marshall Plan, Reagan, who spoke to an audience of foreign
+  affairs experts, also pledged to push for economic expansion by
+  West Germany and Japan to bolster the world trading system.
+      "While the vibrancy of the U.S. economy has contributed
+  enormously to the world expansion, preserving a growing world
+  economy is the business of every member of the world trading
+  community," he said.
+     
+      "It will be made clear, especially to our friends in Japan
+  and the Federal Republic of Germany, that growth-oriented
+  domestic policies are needed to bolster the world trading
+  system on which they depend."
+      Reagan coupled this appeal with a call for compliance with
+  allied accords on exchange rate stability.
+      "Economic policy decisions made last year in Tokyo and at
+  this year's meetings of Group of Seven finance ministers in
+  Paris and in Washington cannot be ignored or forgotten," he
+  said. "The commitments made at these meetings need to be
+  translated into action."
+  
+
diff --git a/reuters/test/17751 b/reuters/test/17751
new file mode 100644
index 0000000000000000000000000000000000000000..0399d26df0060f1c8d6e46898a10c7d65e120a44
--- /dev/null
+++ b/reuters/test/17751
@@ -0,0 +1,7 @@
+MERRILL CORP <MRLL.O> 1ST QTR APRIL 30 NET
+  Shr 21 cts vs 20 cts
+      Net 965,000 vs 726,000
+      Revs 13.4 mln vs 11.8 mln
+      Avg shrs 4,606,242 vs 3,624,528
+  
+
diff --git a/reuters/test/17752 b/reuters/test/17752
new file mode 100644
index 0000000000000000000000000000000000000000..fc6268aeca1b4b61766d370b6490ffc7afb620a7
--- /dev/null
+++ b/reuters/test/17752
@@ -0,0 +1,9 @@
+ADVANCED TELECOMMUNICATIONS <ATEL.O> TO BUY CO
+  Advanced Telecommunications Corp
+  said it reached an agreement in principle to purchase <Teltec
+  Savings Communications Co>, a long distance telephone service
+  in Florida.
+      The proposed acquisition price is approximately 17.5 mln
+  dlrs in cash, the company said.
+  
+
diff --git a/reuters/test/17753 b/reuters/test/17753
new file mode 100644
index 0000000000000000000000000000000000000000..d80a1419dcacc0efa613234c4a22baad69e7016f
--- /dev/null
+++ b/reuters/test/17753
@@ -0,0 +1,10 @@
+ODETICS INC <OA/OB> 4TH QTR MARCH 31 NET
+  Shr seven cts vs eight cts
+      Net 278,000 vs 340,000
+      Revs 11.4 mln vs 8,871,000
+      Year
+      Shr three cts vs one ct
+      Net 113,000 vs 33,000
+      Revs 39.7 mln vs 33.1 mln
+  
+
diff --git a/reuters/test/17755 b/reuters/test/17755
new file mode 100644
index 0000000000000000000000000000000000000000..1d44c011a919c2e267042369a8a2342db302e211
--- /dev/null
+++ b/reuters/test/17755
@@ -0,0 +1,15 @@
+ADDITIONAL CCC CREDIT GUARANTEES FOR KOREA--USDA
+  The Commodity Credit Corporation (CCC)
+  has reallocated 50.0 mln dlrs in credit guarantees from the
+  previously announced undesignated line to provide additional
+  guarantees for sales of feedgrains, oilseeds, and wheat to
+  South Korea, the U.S. Agriculture Department said.
+      The department said the action increases the feed grains
+  line by 23 mln dlrs to 63 mln, the oilseed line by seven mln
+  dlrs to 52 mln, and the wheat guarantee line by 20 mln to 165
+  mln dlrs.
+      The undesignated line is reduced to zero.
+      The commodities are for delivery during the current fiscal
+  year ending this September 30, it said.
+  
+
diff --git a/reuters/test/17757 b/reuters/test/17757
new file mode 100644
index 0000000000000000000000000000000000000000..9f5f5b5545f590ea1e7b753d0e55892944e88fd9
--- /dev/null
+++ b/reuters/test/17757
@@ -0,0 +1,5 @@
+BASIN PIPELINE TEXAS/OKLA BORDER WASHED OUT BY FLOODS SOME 300,000 BPD CRUDE AFFECTED.
+
+  BASIN PIPELINE TEXAS/OKLA BORDER WASHED OUT BY FLOODS SOME 300,000 BPD CRUDE AFFECTED.
+  
+
diff --git a/reuters/test/17758 b/reuters/test/17758
new file mode 100644
index 0000000000000000000000000000000000000000..f752c05f8d52a0776937b746405f9e6afb6902c7
--- /dev/null
+++ b/reuters/test/17758
@@ -0,0 +1,10 @@
+CCC INTEREST HIGHER IN JUNE, USDA SAYS
+  Interest rates on commodity loans
+  disbursed by the Commodity Credit Corporation (CCC) this month
+  will carry a 6-7/8 pct interest rate, the U.S. Agriculture
+  Department said.
+      That is up from the May rate of 6-1/4 pct and reflects the
+  interest rate charged the CCC by the U.S. Treasury in June,
+  USDA noted.
+  
+
diff --git a/reuters/test/17759 b/reuters/test/17759
new file mode 100644
index 0000000000000000000000000000000000000000..b56746a32371f57d05670badbf5c652f09d314fe
--- /dev/null
+++ b/reuters/test/17759
@@ -0,0 +1,15 @@
+ANDRIESSEN HINTS FATS/OIL TAX COULD GO TO SUMMIT
+  European Community (EC)
+  Agriculture Commissioner Frans Andriessen said his proposal for
+  a tax of up to 330 European Currency Units per tonne on oils
+  and fats was likely to go up for discussion at next week's
+  summit meeting of EC leaders.
+      EC farm ministers have been unable to agree the tax, one of
+  the main items proposed by Andriessen for the 1987-88 farm
+  price package.
+      The tax, which would apply on both domestically-produced
+  and imported oils and fats, has been fiercely opposed by the
+  United States and developing countries' vegetable and marine
+  oil producers.
+  
+
diff --git a/reuters/test/17760 b/reuters/test/17760
new file mode 100644
index 0000000000000000000000000000000000000000..eb1ad7fee71b98b2ea58799a4732121420c67b56
--- /dev/null
+++ b/reuters/test/17760
@@ -0,0 +1,58 @@
+BILZERIAN PREPARED TO TENDER FOR PAY N'PAK <PNP>
+  Investor Paul Bilzerian said if Pay N'
+  Pak Stores Inc enters into a merger accord with him he will
+  immediately begin a tender offer for 7.5 mln shares for 20 dlrs
+  per share in cash.
+      Bilzerian told Reuters he believes his offer is superior to
+  a leveraged buyout proposal disclosed in an announcement by the
+  company this morning.
+      The company said it is evaluating both proposals.
+  Bilizerian said he was optimistic his offer will be accepted at
+  a meeting of the board of directors Wednesday. Officials of Pay
+  N' Pak did were not immediately available for comment.
+   
+      Bilzerian said he has a pool of 150 mln dlrs raised by
+  Shearson Lehman Brothers Inc available for the tender and "we
+  may add a bank to that."
+      "We've submitted an agreement we're prepared to sign," he
+  said. Shares not accepted in Bilzerian's tender would be
+  exchangeable for 20 dlrs in convertible preferred stock.
+      Asked what would happen if the leveraged buyout group,
+  which the company did not identify, topped his offer between
+  now and the board meeting, Bilzerian said he expected an
+  opportunity to respond.
+      Pay N' Pak gave no details about the buyout group, but did
+  say the offer was contingent on financing and on an agrreement
+  regarding management's equity participation.
+      Bilzerian said it was his understanding that the management
+  particpation was "nominal."
+      Pay N' Pak fell 1-1/2 to 19. Arbitrageurs said there was
+  disappointment that neither of the offers topped 20 dlrs.
+      "We were expecting an offer north of (above) 21 or 22
+  dlrs," said one arbitrageur. The leveraged buyout plan was for
+  17.50 dlrs per share in cash and 2.50 dlrs in 13-1/2 pct
+  cumulative preferred stock.
+  
+      Robert Cheadle, analyst at Montgomery Securities, said "you
+  have to ask yourself why no one in the industry made a bid."
+      Scott Drysdale, analyst at Birr Wilson Securities, said the
+  company has not made the best strategic moves over the years.
+  "They have not done the right things at the right time," he
+  said, and as a result earnings per share have steadily declined
+  since 1984. The 57 cts per share in earnings reported for the
+  fiscal year ended in February was lower than 1978's earnings,
+  he said. Earnings totaled 5.7 mln dlrs on revenue of 398.4 mln
+  dlrs.
+      Drysdale said Pay N' Pak has better trained sales people
+  than many competitors, but it competes on price even though
+  competitors have lower costs. The result is squeezed margins.
+  He noted that there have been no other publicly identified
+  bidders stepping forward since the company rejected an earlier
+  Bilzerian proposal in mid-April.
+      Another arbitrageur said it might not be too late for
+  another bidder to get in the game. He speculated that someone
+  in the same home improvement business might be able to offer a
+  deal for stock that would top both the buyout proposal and
+  Bilzerian's plan.
+  
+
diff --git a/reuters/test/17762 b/reuters/test/17762
new file mode 100644
index 0000000000000000000000000000000000000000..5f5f16994341115134efc110bbc89e17fae51859
--- /dev/null
+++ b/reuters/test/17762
@@ -0,0 +1,5 @@
+FORSTMANN LITTLE AND CO SAID IT PLANS TO SELL SYBRON CORP UNIT
+
+  FORSTMANN LITTLE AND CO SAID IT PLANS TO SELL SYBRON CORP UNIT
+  
+
diff --git a/reuters/test/17763 b/reuters/test/17763
new file mode 100644
index 0000000000000000000000000000000000000000..adbb6442b4596203fc33ffaf2625a6dd0e54e3e1
--- /dev/null
+++ b/reuters/test/17763
@@ -0,0 +1,24 @@
+PHARMACONTROL <PHAR.O> ACQUIRES REVCO UNIT
+  PharmaControl Corp said it
+  acquired Private Formulations Inc from <Revco D.S. Inc> for six
+  mln dlrs in cash, a 13,550,000 dlr promissory note and warrants
+  to buy 200,000 PharmaControl common shares.
+      PharmaControl said the purchase price was financed, along
+  with one mln dlrs in working capital, through secured
+  institutional financing.
+      The company said betweenm 11,550,000 dlrs and 12,550,000
+  dlrs f the principal amount of the Revco note, plus accrued
+  interest, is payable June 30. The balance is payable over three
+  years.
+      PharmaControl said it expects to make the payment due to
+  Revco from proceeds of a proposed offering of units consisting
+  of convertible subordinated debenturers and common stock
+  currently on file with the Securities and Exchange Commission.
+      Upon closing of the public offering, the company said, it
+  expects the secured institutional financing to increase to a
+  total of 12 mln dlrs.
+      Private Formulations is primarily engaged in the
+  manufacture and distribution of vitamins and private label
+  over-the-counter pharmaceutical products.
+  
+
diff --git a/reuters/test/17766 b/reuters/test/17766
new file mode 100644
index 0000000000000000000000000000000000000000..976bd82262cd56c6e3e38635ccf8fffb92d77213
--- /dev/null
+++ b/reuters/test/17766
@@ -0,0 +1,21 @@
+FISHER SHAREHOLDER INDECISIVE OVER STOCK BUY
+  Fisher Foods Inc <FHR> said
+  <5300 Richmond Road Corp>, its largest shareholder, has not yet
+  reached a definitive decision about whether it will buy more
+  Fisher stock through a possible merger, tender offer or another
+  acquisition proposal.
+      5300 is a Delaware corporation formed by <American Seaways
+  Foods Inc>, <Rini Holding Co> and <Rego Companies> which owns
+  1.5 mln shares of Fisher, or about 44 pct of its outstanding
+  common stock.
+      Fisher said 5300 had announced on April 20 that they would
+  make a decision on June 1 about the move.
+      Fisher said 5300 also told it they will continue to explore
+  possible advantages and disadvantages of various acquisition
+  proposals.
+      5300 also said it is continuing to discuss with various
+  financial groups about possible financing for such a move, but
+  gave no indication of when any financing or proposal would be
+  finalized, Fisher said.
+  
+
diff --git a/reuters/test/17767 b/reuters/test/17767
new file mode 100644
index 0000000000000000000000000000000000000000..1699c3565ca2aa0fab391b998be664bcbebcd3cf
--- /dev/null
+++ b/reuters/test/17767
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 150,000 TONNES OF  BARLEY SOLD TO SAUDI ARABIA FOR 1987/88-USDA
+
+  U.S. EXPORTERS REPORT 150,000 TONNES OF  BARLEY SOLD TO SAUDI ARABIA FOR 1987/88-USDA
+  
+
diff --git a/reuters/test/17769 b/reuters/test/17769
new file mode 100644
index 0000000000000000000000000000000000000000..4facf2b9c0d4a02ea71a37903fec6d29747bb455
--- /dev/null
+++ b/reuters/test/17769
@@ -0,0 +1,7 @@
+BARLEY SOLD TO SAUDI ARABIA  - USDA
+  Private exporters reported sales of
+  150,000 tonnes of barley to Saudi Arabia for delivery in the
+  1987/88 season, the U.S. Agriculture Deapartment said.
+      The 1987/88 season for barley begins today.
+  
+
diff --git a/reuters/test/17770 b/reuters/test/17770
new file mode 100644
index 0000000000000000000000000000000000000000..746963c325539f2a82877601babcc69092e941da
--- /dev/null
+++ b/reuters/test/17770
@@ -0,0 +1,17 @@
+U.S. BANCORP <USBC.O> HAS ACQUISITION APPROVAL
+  U.S. Bancorp (Oregon) said it has
+  been advised orally that its application for the acquisition of
+  Old National Bancorp has been approved by the Board of
+  Governors of the Federal Reserve.
+      The company said it has also been advised that it has
+  received Fed approvals for its acquisition of Heritage Bank of
+  Camas, Wash., and for its conversion of its subsidiary, U.S.
+  Thrift and Loan of Salt Lake City, Utah, into a commercial
+  bank.
+      In January U.S. Bancorp and Old National reached a
+  definitive agreement covering the acquisition of all the stock
+  of Old National which it does not already own for 171 mln dlrs.
+      U.S. Bancorp currently owns 4.9 pct of Old National's
+  stock.
+  
+
diff --git a/reuters/test/17771 b/reuters/test/17771
new file mode 100644
index 0000000000000000000000000000000000000000..002a43a125603065b05ac58aab32d9ac87fd0fe3
--- /dev/null
+++ b/reuters/test/17771
@@ -0,0 +1,53 @@
+MAJOR U.S. OIL PIPELINE SHUT DOWN BY FLOODS
+  Flooding in the Red River on the
+  Texas/Oklahoma border has shut down the Basin Pipeline, a
+  24-inch pipeline that transports as much as 300,000 barrels per
+  day of sweet and sour crudes from Texas to Cushing, Okla, a
+  Texaco Pipeline Co spokesman confirmed.
+      "The water is rushing by so fast that we can't get any
+  divers down to assess the damage but there is some possibility
+  that the pipeline could be up by the end of the week," a company
+  source said.
+      The pipeline transmits roughly two-thirds sour crude and
+  one-third sweet crude oil from the Midland, Texas region.
+      Texaco sources said that if the pipeline service is
+  restored by Friday there would be little problem in restoring
+  oil which has been lost to the flood.
+      "But if the pipeline is down more than 10 days it will be
+  difficult to make up without prorationing and we would not like
+  to proration this pipeline, if we don't have to."
+      The Basin Pipeline is jointly owned by Atlantic Richfield
+  Corp <ARC>, Shell Oil Co, a subsidiary of the Royal Dutch/Shell
+  Group <RD> and Texaco Inc <TX>, which is the pipeline's
+  operator.
+       Peter Beutel, analyst at Elders Futures Inc, said crude
+  oil futures contracts on New York Mercantile Exchange rose to
+  new highs this afternoon following news of the pipeline break.
+      July crude futures of West Texas Intermediate traded up to
+  19.60 dlrs a barrel, a rise of more than 20 cts.
+      Cash market prices also firmed on the news with sellers of
+  WTI raising offers to 19.60 dlrs a barrel.
+      Sour crudes, which would be most affected by the pipeline
+  shutdown, however, were slow to react to the news with West
+  Texas Sour and Alaska North Slope holding 50 cts to one dlr a
+  barrel below WTI, respectively.
+      Dan Stevens, manager of public and government affairs at
+  Texaco, said the company hopes to fix the pipeline in five days
+  but that will depend on when the water level of the Red River
+  recedes. There is already evidence that the water level is
+  dropping and it appears the rain has stopped in the area
+  affecting the pipeline, Stevens said.
+      He said the segment of the pipeline that was damaged was
+  underground and at a distance from the Red River that flooded.
+  The pipeline runs over the Red River and under the subsoil
+  nearby, according to Stevens. He said some of this subsoil was
+  apparently washed away.
+     
+      The potential for environmental damage is being downplayed
+  at this time despite the volume of oil that runs through this
+  line.
+      Texaco's Stevens said that aerial surveillance has not
+  found any crude on the water in the river or in Lake Texoma,
+  which is nearby.
+  
+
diff --git a/reuters/test/17773 b/reuters/test/17773
new file mode 100644
index 0000000000000000000000000000000000000000..ae28029a4a0437911f74a4402ac20bce615c6d51
--- /dev/null
+++ b/reuters/test/17773
@@ -0,0 +1,8 @@
+BRITISH LAND OF AMERICA INC <BLA> YEAR MARCH 31
+  Shr loss 36 cts vs loss 57 cts
+      Net loss 4,589,000 vs loss 7,339,000
+      Revs 19.9 mln vs 19.6 mln
+      Avg shrs 14.7 mln vs 13.3 mln
+      NOTE: Company is a subsidiary of <British Land Co PLC>
+  
+
diff --git a/reuters/test/17775 b/reuters/test/17775
new file mode 100644
index 0000000000000000000000000000000000000000..d660d55db9921dd31123ef8bcaa52ad5c6140e12
--- /dev/null
+++ b/reuters/test/17775
@@ -0,0 +1,14 @@
+FORSTMANN LITTLE AND CO TO SELL UNIT
+  <Forstman Little and Co> said it plans
+  to sell its Sybron Corp unit, a leading maker and marketer of
+  dental and laboratory products, for an undisclosed sum.
+      Forstmann Little said it acquired Sybron in February 1986
+  and since that time Sybron has been substantially restructured,
+  with new management, lower corporate overhead and a new
+  location in Saddle Brook, N.J.
+      Fortsmann Little said <Goldman Sachs and Co> will act as
+  its financial advisor for the move. It added that Sybron
+  expects revenues for the current fiscal year of 242 mln dlrs
+  with operating income of about 51 mln dlrs.
+  
+
diff --git a/reuters/test/17776 b/reuters/test/17776
new file mode 100644
index 0000000000000000000000000000000000000000..5f23701be4bde2ae71e30ff54eff35d6f682eabf
--- /dev/null
+++ b/reuters/test/17776
@@ -0,0 +1,25 @@
+TAKEOVER SPECULATION LIFTS HUTTON <EFH> SHARES
+  E.F. Hutton Group Inc shares rose on
+  speculation the company would receive a takeover offer, traders
+  said.
+      Hutton's stock also was affected by a newspaper report that
+  First Boston Corp <FBC> accumulated almost five pct of Hutton's
+  stock on behalf of an outside client, traders said. Traders
+  said the story, which appeared in USA Today, added speculation
+  which began on the street last week. They said there were
+  rumors the stock was under accumulation and speculation
+  abounded the company would soon receive an offer. A Hutton
+  official declined comment. Hutton's stock rose 2-1/4 to 39-3/8.
+      Hutton several months ago rejected a buyout offer from
+  Shearson Lehman Brothers Inc <SHE>. The newspaper story
+  mentioned speculation American Express Co <AXP>, the parent of
+  Shearson, was a possible buyer. But traders said the rumors
+  today did not name buyers. First Boston officials were not
+  immediatley available for comment.
+      Prudential Bache analyst Larry Eckenfelder said he doubted
+  the speculation about American Express. He said he believed
+  Hutton, which is occassionally surrounded by rumors, moved up
+  today as a result of the newspaper article. "Hutton is still a
+  takeover candidate," said Eckenfelder.
+  
+
diff --git a/reuters/test/17777 b/reuters/test/17777
new file mode 100644
index 0000000000000000000000000000000000000000..289244663f2d3701fbb8ae8374a514b5c2180afa
--- /dev/null
+++ b/reuters/test/17777
@@ -0,0 +1,12 @@
+HONG KONG FIRM UPS WRATHER <WCO> STAKE TO 28 PCT
+  Industrial Equity (Pacific) Ltd, a
+  Hong Kong investment firm, said it raised its stake in Wrather
+  Corp to 2,025,850 shares, or 28.1 pct of the total outstanding
+  common stock, from 1,808,700 shares, or 25.1 pct.
+      In a filing with the Securities and Exchange Commission,
+  Industrial Equity, which is principally owned by Brierley
+  Investments Ltd, a publicly held New Zealand firm, said it
+  bought 217,150 Wrather common shares on May 28 and 29 at 20.00
+  dlrs a share, or 4.3 mln dlrs total.
+  
+
diff --git a/reuters/test/17780 b/reuters/test/17780
new file mode 100644
index 0000000000000000000000000000000000000000..c62fe5b720626215ccf1f4e274d33c77963d3c85
--- /dev/null
+++ b/reuters/test/17780
@@ -0,0 +1,25 @@
+CONGRESSMAN SAYS U.S. UNPREPARED FOR OIL CUTOFF
+  Rep. Mike Synar said today that while
+  President Reagan is ready to use military force to protect
+  Kuwait tankers in the Gulf, the United States is ill-prepared
+  at home to deal with a new energy crisis.
+      Synar, Democrat of Oklahoma, made his remarks in comments
+  on a study by the General Accounting Office (GAO) on the U.S.
+  participation in the 1985 test of the emergency oil sharing
+  program of the International Energy Agency.
+      The IEA, an alliance of 21 oil consuming countries, was
+  formed after the 1973-74 Arab oil embargo to find ways to deal
+  with any future oil cutoff.
+      Synar said, "the president is prepared to take military
+  action to protect Kuwaiti oil tankers but has been unwilling to
+  take less dangerous, equally-important action to prepare our
+  nation for the next energy crisis."
+      Reagan said the U.S. military would protect Kuwaiti oilers
+  to assure the West of a continuing supply of Middle East oil,
+  increasingly being threatened by the Iranian-Iraqi war. Synar,
+  who asked for the GAO report after criticism of U.S. action in
+  a previous IEA test, said the United States successfully
+  advocated a test limited to training participants in oil
+  sharing procedures and the system's mechanical aspects.
+  
+
diff --git a/reuters/test/17782 b/reuters/test/17782
new file mode 100644
index 0000000000000000000000000000000000000000..7f87e935b5e0d974eb9adfaad85f6aa972e5b742
--- /dev/null
+++ b/reuters/test/17782
@@ -0,0 +1,22 @@
+ALLIED-SIGNAL <ALD> COMPLETES SALE OF MPB CORP
+  Allied-Signal Inc said it 
+  completed the sale of its MPB Corp unit to Bearing Acquisition
+  Corp for 145 mln dlrs plus assumption of certain MPB
+  liabilities.
+      Headquartered in Keene, N.H., MPB designs and makes
+  precision ball and roller bearings used in aerospace, ordnance
+  and computer applications. Allied-Signal said the unit had 1986
+  sales of over 90 mln dlrs.
+      It noted the sale to newly formed Bearing Acquisition was
+  announced May 18.
+     
+      Allied-Signal said Bearing Acquisition is a newly-formed
+  corporation owned by an investors group organized by Harold S.
+  Geneen and Donaldson Lufkin and Jenrette Securities Corp.
+      Wells Fargo Bank provided senior debt financing to Bearing
+  Acquisition and Donaldson Lufkin and Jenrette provided bridge
+  financing in the form of subordinated notes, preferred stock
+  and common stock in an amount sufficient to fund the purchase
+  price, Allied-Signal added.
+  
+
diff --git a/reuters/test/17783 b/reuters/test/17783
new file mode 100644
index 0000000000000000000000000000000000000000..e569f8d9040ae0400809c75ad7f456ee8790b333
--- /dev/null
+++ b/reuters/test/17783
@@ -0,0 +1,31 @@
+COMINCO <CLT.TO> SEES MEETING WITH STRIKING UNION LOCALS
+  Cominco Ltd said it
+  expects to meet today with two of five United Steelworkers of
+  America locals on strike at its Trail smelter and Kimberley,
+  B.C. lead-zinc mine, a Cominco spokesman said.
+      It had no meeting scheduled with the other three striking
+  locals, which rejected a tentative three-year contract
+  Saturday, Cominco spokesman Richard Fish said.
+      Fish said the pact that was rejected contained a cost of
+  living increase tied to the Canadian consumer price index, but
+  no wage increase. With 81 pct of the membership voting, 54.5
+  pct voted no and 45.5 pct voted yes, the union said.
+      The three locals represent about 2,600 production and
+  maintenance workers, while the remaining two locals cover about
+  600 office and technical workers.
+      The office and technical workers last negotiated May 21.
+  Production at Trail and Kimberley has been shut down since the
+  strike began May 9 and Cominco has had to declare force
+  majeure, which means the company may be unable to honor
+  contracts for products from the smelter and mine.
+      Each of the five locals have separate contracts, all of
+  which expired April 30, but the main issues are similar.
+      The Trail smelter, about 400 miles east of Vancouver,
+  produced 240,000 long tons of zinc and 110,000 long tons of
+  lead last year. The Sullivan mine at Kimberley, about 450 miles
+  east of Vancouver, produced 2.2 mln long tons of ore last year,
+  most for processing at the Trail smelter.
+      The smelter also produced cadmium, bismuth and indium.
+      Trail smelter revenue was 356 mln Canadian dlrs in 1986.
+  
+
diff --git a/reuters/test/17784 b/reuters/test/17784
new file mode 100644
index 0000000000000000000000000000000000000000..b6b40f78236cc840eb78c0c3ba2f0c33c0bfea62
--- /dev/null
+++ b/reuters/test/17784
@@ -0,0 +1,14 @@
+BASS GROUP CUTS NATIONAL DISTILLERS <DR> STAKE
+  An investor group led by members of
+  the Bass family of Fort Worth, Texas, said it lowered its stake
+  in National Distillers and Chemical Corp to 1,159,400 shares,
+  or 3.6 pct of the total common, from 1,727,200, or 5.3 pct.
+      In a filing with the Securities and Exchange Commission,
+  the Bass group said it sold 567,800 National Distillers common
+  shares between May 15 and 29 at prices ranging from 59.94 to
+  63.44 dlrs a share.
+      As long as the group's stake is below five pct, it is not
+  required to disclose its further dealings in National
+  Distillers' common stock.
+  
+
diff --git a/reuters/test/17785 b/reuters/test/17785
new file mode 100644
index 0000000000000000000000000000000000000000..c603f60463c05a7b0e5c5fa74303c7a846398edb
--- /dev/null
+++ b/reuters/test/17785
@@ -0,0 +1,12 @@
+REPUBLIC AMERICAN<RAWC.O> UPS BUCKEYE<BPL> STAKE
+  Republic American Corp told the
+  Securities and Exchange Commission it raised its stake in
+  Buckeye Partners L.P. to 963,200 limited partnership units, or
+  8.0 pct of the total, from 744,200 units, or 6.2 pct.
+      Republic, which is controlled by Cincinnati, Ohio,
+  financier Carl Lindner and his American Financial Corp, said it
+  bought 219,000 Buckeye units between May 14 and 22 at prices
+  ranging from 22.49 to 23.02 dlrs each, or about 5.0 mln dlrs
+  total.
+  
+
diff --git a/reuters/test/17787 b/reuters/test/17787
new file mode 100644
index 0000000000000000000000000000000000000000..cf0c833f14607d965624807fcc1ee7a70fac9f68
--- /dev/null
+++ b/reuters/test/17787
@@ -0,0 +1,7 @@
+KINGSBRIDGE, MASCO SET MERGER
+  Kingsbridge Holdings Ltd, said it signed
+  a letter of intent for a merger with <Masco Sports Inc>.
+      The transaction calls for 230 mln sahres of Kingsbridge
+  common stock to be issued to shareholders of Masco.
+  
+
diff --git a/reuters/test/17788 b/reuters/test/17788
new file mode 100644
index 0000000000000000000000000000000000000000..7275f5347a3244bd74654566d42e47b880edde9b
--- /dev/null
+++ b/reuters/test/17788
@@ -0,0 +1,11 @@
+INTERNATIONAL CORONA <ICR.TO> 2ND QTR NET
+  Period ended March 31
+      Oper shr profit four cts vs loss 17 cts
+      Oper net profit 584,000 vs loss 2,165,000
+      Revs 7,493,000 vs not given
+      SIX MTHS
+      Oper shr profit eight cts vs loss 14 cts
+      Oper net profit 1,177,000 vs loss 1,778,000
+      Revs 14.8 mln vs not given.
+  
+
diff --git a/reuters/test/17791 b/reuters/test/17791
new file mode 100644
index 0000000000000000000000000000000000000000..76f26bbb722f8879ecffe8a2b389f459c1cdf5eb
--- /dev/null
+++ b/reuters/test/17791
@@ -0,0 +1,13 @@
+ROYEX GOLD MINING <RGM.TO> 2ND QTR MARCH 31 NET
+  Oper shr loss three cts vs loss one ct
+      Oper net loss 1,796,000 vs loss 381,000
+      Revs 2,501,000 vs 2,695,000
+      SIX MTHS
+      Oper shr loss eight cts vs loss four cts
+      Oper net loss 3,235,000 vs loss 1,123,000
+      Revs 4,850,000 vs 4,551,000
+      Note: 1987 net excludes 2nd qtr extraordinary gain of 87
+  mln dlrs or 1.54 dlrs shr from sale of 51 pct stake of Mascot
+  Gold Mines Ltd <MSG.TO>. Full name Royex Gold Mining Corp.
+  
+
diff --git a/reuters/test/17792 b/reuters/test/17792
new file mode 100644
index 0000000000000000000000000000000000000000..a9cf2af6e6c06aa9f081796f93eec8613a84692d
--- /dev/null
+++ b/reuters/test/17792
@@ -0,0 +1,5 @@
+DRESSER INDUSTRIES INC TO SELL RELIANCE STANDARD LIFE INSURANCE TO ROSENKRANZ UNIT
+
+  DRESSER INDUSTRIES INC TO SELL RELIANCE STANDARD LIFE INSURANCE TO ROSENKRANZ UNIT
+  
+
diff --git a/reuters/test/17795 b/reuters/test/17795
new file mode 100644
index 0000000000000000000000000000000000000000..85784f25464056d8e672ffef93b15f294c914d5d
--- /dev/null
+++ b/reuters/test/17795
@@ -0,0 +1,10 @@
+DIANA CORP <DNA> YEAR MARCH 28 OPER NET
+  Oper shr 74 cts vs 30 cts
+      Oper net 3,034,000 vs 1,225,000
+      NOTE: 1987 operating net excludes credits of 1,043,000 dlrs
+  or 25 cts a share.
+      1986 operating net excludes discontinued operations of
+  84,000 dlrs or two cts, and extraordinary charges of 1,119,000
+  dlrs or a loss of 27 cts.
+  
+
diff --git a/reuters/test/17798 b/reuters/test/17798
new file mode 100644
index 0000000000000000000000000000000000000000..4e32649df1c9768bf625b0977f82abd4cc135519
--- /dev/null
+++ b/reuters/test/17798
@@ -0,0 +1,8 @@
+WYSE <WYSE.O> TO GET LINK TECHNOLOGIES
+  Wyse Technology said it agreed
+  in principle to acquire privately-held Link Technologies Inc in
+  exchange for an undisclosed amount of Wyse Technology shares.
+      Link Technologies develops and markets computer terminals,
+  Wyse also said.
+  
+
diff --git a/reuters/test/17802 b/reuters/test/17802
new file mode 100644
index 0000000000000000000000000000000000000000..e20ca6369583a5194f6709b760de370875a4f799
--- /dev/null
+++ b/reuters/test/17802
@@ -0,0 +1,10 @@
+MCLAIN INDUSTRIES INC <MCCL.O> 2ND QTR MARCH 31
+  Shr 11 cts vs 13 cts
+      Net 234,326 vs 266,653
+      Revs 5.5 mln vs 5.8 mln
+      Six months
+      Shr 21 cts vs 31 cts
+      Net 445,509 vs 646,978
+      Revs 9.4 mln vs 10.8 mln
+  
+
diff --git a/reuters/test/17805 b/reuters/test/17805
new file mode 100644
index 0000000000000000000000000000000000000000..4781ca0e0cee8589d688127a118eedeb016cd4e5
--- /dev/null
+++ b/reuters/test/17805
@@ -0,0 +1,31 @@
+COMINCO SEEKS MEETING WITH STRIKING UNION LOCALS
+  Cominco Ltd said it
+  expects to meet today with two of five United Steelworkers of
+  America locals on strike at its Trail smelter and Kimberley,
+  B.C. lead-zinc mine, a Cominco spokesman said.
+      It had no meeting scheduled with the other three striking
+  locals, which rejected a tentative three-year contract
+  Saturday, Cominco spokesman Richard Fish said.
+      Fish said the pact that was rejected contained a cost of
+  living increase tied to the Canadian consumer price index, but
+  no wage increase. With 81 pct of the membership voting, 54.5
+  pct voted no and 45.5 pct voted yes, the union said.
+      The three locals represent about 2,600 production and
+  maintenance workers, while the remaining two locals cover about
+  600 office and technical workers.
+      The office and technical workers last negotiated May 21.
+  Production at Trail and Kimberley has been shut down since the
+  strike began May 9 and Cominco has had to declare force
+  majeure, which means the company may be unable to honor
+  contracts for products from the smelter and mine.
+      Each of the five locals have separate contracts, all of
+  which expired April 30, but the main issues are similar.
+      The Trail smelter, about 400 miles east of Vancouver,
+  produced 240,000 long tons of zinc and 110,000 long tons of
+  lead last year. The Sullivan mine at Kimberley, about 450 miles
+  east of Vancouver, produced 2.2 mln long tons of ore last year,
+  most for processing at the Trail smelter.
+      The smelter also produced cadmium, bismuth and indium.
+      Trail smelter revenue was 356 mln Canadian dlrs in 1986.
+  
+
diff --git a/reuters/test/17808 b/reuters/test/17808
new file mode 100644
index 0000000000000000000000000000000000000000..eb587731c6accae60f71f712fafc8b2eacfa3217
--- /dev/null
+++ b/reuters/test/17808
@@ -0,0 +1,9 @@
+PHILLIPS-VAN HEUSEN CORP <PVH> 1ST QTR
+  Shr 73 cts vs 60 cts
+      Net 4.6 mln vs 3.8 mln
+      Revs 112.8 mln vs 104.1 mln
+      NOTE:1987 includes lifo charge of 1.5 mln dlrs, pension
+  expenses declined by 879,000 dlrs due to change in accounting,
+  interest decreased by 382,000 dlrs.
+  
+
diff --git a/reuters/test/17809 b/reuters/test/17809
new file mode 100644
index 0000000000000000000000000000000000000000..f7e4c385058da576f3b04377d58b3251668f0136
--- /dev/null
+++ b/reuters/test/17809
@@ -0,0 +1,14 @@
+DRESSER <DI> TO SELL UNIT TO ROSENKRANZ AND CO
+  Dresser Industries Inc said it signed a
+  definitive agreement to sell its Reliance Standard Life
+  Insurance Co to RSL Holding Co Inc., a subsidiary of the
+  privately-held, New York-based investment firm of Rosenkranz
+  and Co.
+      Terms were not undisclosed. Philadelphia-based Reliance
+  earned 25.3 mln dlrs on sales of 201.6 mln dlrs in 1986.
+      Dresser said it will use the proceeds from the sale for
+  stock repurchases, debt reduction, and possibly complementary
+  acquisitions in the field of engineered products and services
+  for energy producers.
+  
+
diff --git a/reuters/test/17810 b/reuters/test/17810
new file mode 100644
index 0000000000000000000000000000000000000000..bb4909b3bfc99ea60337d7d67d8d7cd840969fce
--- /dev/null
+++ b/reuters/test/17810
@@ -0,0 +1,11 @@
+ATCOR<ATCO.O> SEEKS BUYERS FOR CONSUMER BUSINESS
+  Atcor Inc said that Roth-American Inc,
+  which had signed a letter of intent on May 1 to acquire its
+  Turco and Charmglow operations of its consumer products
+  segment, has decided against buying Charmglow.
+      While Roth-American said it is still interested in
+  acquiring Turco, Atcor said it is now reviewing its options
+  with other potential buyers who have expressed interest in its
+  consumer products businesses.
+  
+
diff --git a/reuters/test/17811 b/reuters/test/17811
new file mode 100644
index 0000000000000000000000000000000000000000..590c7dc702bec27588a884ca8685c96863f24caa
--- /dev/null
+++ b/reuters/test/17811
@@ -0,0 +1,6 @@
+INTERNATIONAL CONSUMER BRANDS <ICBI.O> 1ST QTR
+  Shr profit one cts vs loss three cts
+      Net profit 68,607 vs loss 183,893
+      Revs 4.2 mln vs 602,665
+  
+
diff --git a/reuters/test/17812 b/reuters/test/17812
new file mode 100644
index 0000000000000000000000000000000000000000..18e249c3b14ecb37ef7fbcb37b4726166aeee90e
--- /dev/null
+++ b/reuters/test/17812
@@ -0,0 +1,40 @@
+USPCI <UPC> SEEN REJECTING UNION PACIFIC BID
+  share bid made last Wednesday by Union Pacific Corp (UNP), 
+  analysts said.
+      "The offer is inadequate," said Douglas Augenthaler, an
+  analyst with E.F. Hutton, noting that it does not represent the
+  needed premium over the company's fundamental value based on
+  earnings estimates.
+      USPCI, which has 8.7 mln shares outstanding, was trading at
+  48-1/8, down 3/8.
+      USPCI vice president of finance Larry Shelton said he could
+  not comment on the adequacy of the offer or on when the board
+  would meet to consider it.
+      Augenthaler said that while USPCI was trading at only 34
+  dlrs a share at the time of the takeover bid, its announcement
+  that same day of higher earnings expectations changed its
+  value. USPCI said its second quarter earnings would exceed
+  analysts expectations of 24 to 30 cts a share.
+      At that price, USPCI could maintain a stock price in the
+  low 40s, Augenthaler said.
+      Hutton revised its 1987 earnings estimate for the waste
+  management concern to 1.40 dlrs a share from 1.20 dlrs on the
+  announcment, he said. It lifted its 1988 projection to 1.90
+  dlrs a share from 1.70 dlrs.
+      In addition, analysts said the hazardous waste management
+  business holds significant growth potential. The industry has
+  grown from 16 to 35 pct over the last five years, based on
+  earnings per share, said Jeffrey Klein, an analyst with Kidder
+  Peabody and Co. The industry is expected to continue growing at
+  15 to 35 pct over the next five years, he said.
+      Augenthaler said the 43-dlr-a-share offer, or 375 mln dlrs
+  total, would be a bargain for Union Pacific. The transportation
+  and energy company would both gain entry into a profitable
+  business and win cost-control benefits, he said.
+      "Union Pacific has what are rumored to be some fairly
+  signficant environmmental problems of its own," he said.
+      Herb Mee Jr., president of Beard Oil Co (BEC), which holds
+  a 30.4 pct stake in USPCI, said last week Union Pacific's offer
+  was "grossly inadequate."
+  
+
diff --git a/reuters/test/17813 b/reuters/test/17813
new file mode 100644
index 0000000000000000000000000000000000000000..b622f1135846c44da0058ec3da264bb8ba03edec
--- /dev/null
+++ b/reuters/test/17813
@@ -0,0 +1,22 @@
+TOTAL PETROLEUM <TPN> SHUTS TEXAS PIPELINES
+  Total Petroleum NA <TPN> shut down
+  several small crude oil pipelines operating near the
+  Texas/Oklahoma border last Friday as a precaution against
+  damage from local flooding, according to Gary Zollinger,
+  manager of operations.
+      Total shut a 12-inch line that runs across the Ouachita
+  River from Wynnewood to Ardmore with a capacity of 62,000 bpd
+  as well as several smaller pipelines a few inches wide with
+  capacities of several thousand bpd or less, Zollinger said.
+      The Basin Pipeline, a major pipeline running 300,000 bpd,
+  run by a consortium of other oil companies, was closed today.
+      One other small pipeline that Total also closed has a
+  capacity of 3,000 to 4,000 bpd and crosses the Red River in
+  Fargo, Texas, Zollinger said.
+      He said the closed pipelines run under river water and
+  could be damaged as the flooded rivers erode the river banks
+  and expose the piping.
+      Zollinger said Total is waiting for the river waters to
+  recede before they reactivate the pipelines.
+  
+
diff --git a/reuters/test/17816 b/reuters/test/17816
new file mode 100644
index 0000000000000000000000000000000000000000..2b8442e0dd7907e762ea8f672d17c37ff9ca93ee
--- /dev/null
+++ b/reuters/test/17816
@@ -0,0 +1,20 @@
+DOE REACHES PROPOSED OIL SETTLEMENTS
+  The Energy Department said it reached
+  proposed oil pricing settlements totaling 680,150 dlrs with the
+  operator and four working interest owners of A.D. LeBlanc No. 1
+  well, Vermillion Parish, La.
+      Trigon Exploration Co., Inc operated the well from June
+  1979 to January 1981 for D. Bryan Ferguson, C. William Rogers,
+  Omni Drilling Partnership No 1978-2 and Entex Inc.
+      DOE alleged Trigon caused overcharges of 624,208 dlrs by
+  improperly classifying its oil as "newly discovered crude," a
+  classification that allowed charging higher prices during a
+  period of price controls.
+      It said the proposed settlements would resolve disputes
+  over possible violations by the five parties. DOE added that in
+  agreeing to the settlements, the five did not admit any
+  violations or non-compliance with its regulations.
+      It said it would receive written comments on the
+  settlements before making it final.
+  
+
diff --git a/reuters/test/17822 b/reuters/test/17822
new file mode 100644
index 0000000000000000000000000000000000000000..fd1b48189a53bec7233cc24f2be385cf1bde9977
--- /dev/null
+++ b/reuters/test/17822
@@ -0,0 +1,10 @@
+FIRST OF AMERICA (FABK.O) ACQUIRES KEYSTONE
+  First of America Bank Corp said
+  it acquired (Keystone Bancshares Inc) for 25 mln dlrs.
+      Keystone shareholders will receive 45 dlrs per Keystone
+  share, payable in First of America convertible preferred stock
+  having a dividend rate of nine pct.
+      Keystone has two affiliates with combined assets of 205 mln
+  dlrs. First of America has 7.9 billion dlrs in assets.
+  
+
diff --git a/reuters/test/17823 b/reuters/test/17823
new file mode 100644
index 0000000000000000000000000000000000000000..df43e9c2fe113e0f7a484b82b88621ebed5c8f34
--- /dev/null
+++ b/reuters/test/17823
@@ -0,0 +1,25 @@
+NPPC APPEAL ON CANADIAN PORK DISMISSED
+  The U.S. Court of International Trade has
+  upheld the International Trade Commission's refusal to extend
+  countervailing duties on Canadian hogs to include pork
+  products, the National Pork Producers' Council said.
+      The court's ruling came in an appeal to the Trade
+  Commission's decision filed by the Pork Producers' Council.
+      Council president Tom Miller said he was disappointed by
+  the court ruling and said the council will accelerate
+  activities in support of an amendment to the 1930 Tariff Act
+  that would address the objections outlined in the Trade
+  Commission's ruling.
+      The Commission had said there was insufficient economic
+  integration between the pork production industry and the pork
+  packing industry to justify extending the duty on live hogs to
+  fresh, chilled or frozen pork.
+      The legislation has already passed the House of
+  Representatives and recently passed the Senate Finance
+  Committee. It is expected to be considered by the full Senate
+  by the end of the summer.
+      An appeal by the Canadian Pork Council that the current
+  countervailing duty on Canadian hogs entering the U.S. be
+  lifted is pending before the Court.
+  
+
diff --git a/reuters/test/17825 b/reuters/test/17825
new file mode 100644
index 0000000000000000000000000000000000000000..e561bb41d487fead8fc51c2c11e5113358947980
--- /dev/null
+++ b/reuters/test/17825
@@ -0,0 +1,10 @@
+FLUOROCARBON <FCBN.O> COMPLETES ACQUISITION
+  Fluorocarbon Co said it
+  completed the acquisition of Eaton Corp's <ETN> industrial
+  polymer division.
+      The company said it paid about 70 mln dlrs in cash for the
+  division, which will be renamed Samuel Moore Group.
+      Fluorocarbon also said the division should boost annual
+  sales to 165 mln dlrs from last year's 98 mln dlrs.
+  
+
diff --git a/reuters/test/17827 b/reuters/test/17827
new file mode 100644
index 0000000000000000000000000000000000000000..ebd5fd73558617011abf42680d8c2b7767853037
--- /dev/null
+++ b/reuters/test/17827
@@ -0,0 +1,11 @@
+DEKALB <DKLBB.O> SELLS HEINOLD HOG MARKET
+  Dekalb Corp said it sold its Heinold
+  Hog Market Inc to the unit's employees through an Employee
+  Stock Ownership Plan (ESOP).
+      Terms were not disclosed, but president Bruce Bickner said
+  the sale will have a positive, but not substantial, impact on
+  DeKalb as a whole.
+      The company said the hog marketing unit did not fit with
+  its strategy of investing in its core businesses.
+  
+
diff --git a/reuters/test/17829 b/reuters/test/17829
new file mode 100644
index 0000000000000000000000000000000000000000..cb1a23a0bd39c601081226850acc0b78b512a5ca
--- /dev/null
+++ b/reuters/test/17829
@@ -0,0 +1,13 @@
+LTV <QLTV> TO NEGOTIATE WITH STEELWORKERS
+  LTV Corp's LTV Steel Corp said it
+  agreed to resume negotiations with the United Steelworkers of
+  America at the local plant levels, to discuss those provisions
+  of its proposal that require local implementation.
+      The local steelworker union narrowly rejected a tentative
+  agreement with the company on May 14, it said.
+      LTV also said it agreed to reopen its offer contained in
+  the tentative agreement reached with the union's negotiating
+  committee as part of a plan to resolve problems through local
+  discussions.
+  
+
diff --git a/reuters/test/17834 b/reuters/test/17834
new file mode 100644
index 0000000000000000000000000000000000000000..385ecd16a5fe828e492be24a4606af5654dc3b10
--- /dev/null
+++ b/reuters/test/17834
@@ -0,0 +1,7 @@
+CHARTER POWER SYSTEMS INC <CHP> 1ST QTR
+  Shr 11 cts vs 21 cts
+      Net 563,000 vs 863,00
+      Revs 28.8 mln vs 32.5 mln
+      Avg shrs 5.0 mln vs 3.3 mln
+  
+
diff --git a/reuters/test/17835 b/reuters/test/17835
new file mode 100644
index 0000000000000000000000000000000000000000..7715a26d85d47c9a9066db199cc481a08eb077eb
--- /dev/null
+++ b/reuters/test/17835
@@ -0,0 +1,8 @@
+FINANCIAL SECURITY <FSSLA.O> TO BE ACQUIRED
+  Financial Security Savings and
+  Loan Association said it signed a letter of intent for a
+  controlling interest to be acquired by an investor group led by
+  South Florida developer William Landa.
+      Terms were not disclosed.
+  
+
diff --git a/reuters/test/17837 b/reuters/test/17837
new file mode 100644
index 0000000000000000000000000000000000000000..9c138667849fecbd2bc72dc05b10e7f986cc5afe
--- /dev/null
+++ b/reuters/test/17837
@@ -0,0 +1,22 @@
+EDELMAN GROUP CUTS BURLINGTON <BUR> STAKE
+  New York investor Asher Edelman and
+  Dominion Textile Inc <DTX.T>, who are currently seeking to
+  acquire Burlington Industries Inc in a hostile tender offer,
+  said they lowered their stake in the company.
+      In a filing with the Secruties and Exchange Commission, the
+  Edelman/Dominion group, known as Samjens Acqusition Corp, said
+  it sold options to buy 258,800 Burlington common shares,
+  reducing its stake in the company to 3,408,813 shares, or 12.33
+  pct, from 3,667,313 shares, or 13.3 pct.
+      The group said the sale, which represented all the
+  Burlington options it owned, was made May 28 for 8.7 mln dlrs.
+      The Edelman/Dominion group last week sweetened its hostile
+  tender offer to 77 dlrs a share, after Burlington agreed to a
+  leveraged buyout by a Morgan Stanley and Co-backed group for 76
+  dlrs a share.
+      But the Edelman/Dominion group, which has litigation
+  pending against Burlington, also said it has held talks with
+  Morgan Stanley about "the possibility of settlement of
+  outstanding matters among" it, Morgan Stanley and Burlington.
+  
+
diff --git a/reuters/test/17839 b/reuters/test/17839
new file mode 100644
index 0000000000000000000000000000000000000000..01cd5372f8b5cd6274e5a5f479244725dabd299b
--- /dev/null
+++ b/reuters/test/17839
@@ -0,0 +1,65 @@
+ENTERTAINMENT MARKETING TOPS CRAZY EDDIE OFFER
+  A quickly growing Texas-based
+  distributor of electronics products offered 240 mln dlrs
+  for Crazy Eddie Inc <crzy>, the leading New York City
+  electronics retailer, or one dlr per share more than its
+  founder has bid.
+      The 8-dlr-a-share offer by Entertainment Marketing Inc <em>
+  for Crazy Eddie comes less than two weeks after founder Eddie
+  Antar and a firm controlled by the Belzbergs of Canada
+  announced a bid to take the 32-store Crazy Eddie chain private.
+      Analysts said Entertainment Marketing, whose revenues and
+  profits quadrupled in 1986, may be looking to break into the
+  highly competitive New York City retail market for consumer
+  electronics, the nation's biggest, at a time the fortunes of
+  electronics retailers have sagged.
+      The analysts questioned whether Houston-based Entertainment
+  Marketing, founded by a former electronics retailer but whose
+  present buinesses are primarily as wholesale distributors, had
+  the management expertise for retailing or was merely trying to
+  drive up the price of the Crazy Eddie shares it already owns.
+      "I have mixed feelings," said analyst Dennis Telzrow of
+  Eppler, Geurin and Turner, a Dallas brokerage. "On the one hand
+  it's probably a cheap price. On the other hand, does
+  Entertainment Marketing have the management talent to run it
+  and will the Crazy Eddie people leave?"
+      "It's a risky strategy for Entertainment Marketing," said
+  analyst Eliot Laurence of Wessels Arnold and Henderson, a
+  Minneapolis brokerage. "Electronics retailing is very management
+  concentrated; they'd want to keep Crazy Eddie's management in
+  place."
+      Laurence said that, since Entertainment Marketing already
+  owns 4.3 percent of Crazy Eddie's 31.3 million shares, it may
+  be trying to get the Antar-Belzberg group to increase its
+  7-dlr-a-share offer.
+      Shares of Crazy Eddie, which have jumped from the high
+  4-dlr range to above 7 dlrs since the Antar-Belzberg bid was
+  announced May 20, rose another 50 cents Monday to 8.375 a share
+  in over-the- counter trading. 
+      Antar, the reclusive founder of the chain in the New York
+  City, Philadelphia and Connecticut areas, said last month that
+  his group controlled 14 percent of Crazy Eddie's shares.
+      A Crazy Eddie spokesman said the company's board has taken
+  no decision on the Antar-Belzberg offer, worth some 187 mln dlrs
+  since they own more shares than Entertainment Marketing. He
+  would not comment on the new offer.
+      Entertainment Marketing sells computer products such as
+  disk drives and other, often discounted electronics goods to
+  retailers, primarily in the southwest, and directly to
+  consumers by cable television.
+      In fiscal 1986, ending last January, its revenues rose to
+  87.9 mln dlrs from 21.3 mln dlrs the previous year. Net profit
+  went to 3.2 mln dlrs from 750,000 dlrs in 1985.
+      Entertainment Marketing, whose chief executive officer,
+  Elias Zinn, once ran an electronics retailing business, said in
+  a statement it had committed 50 mln dlrs toward the purchase
+  of Crazy Eddie and had retained Dean Witter Reynolds Inc to
+  assist in financing the balance.
+      Analyst Telzerow estimated that the company would have to
+  borrow about 100 mln dlrs to complete the proposed buyout since
+  Crazy Eddie has cash and other assets worth about the same
+  amount.
+      Shares of Entertainment Marketing were up 12.5 cents Monday
+  to 9.50.
+  
+
diff --git a/reuters/test/17847 b/reuters/test/17847
new file mode 100644
index 0000000000000000000000000000000000000000..6d7d47113c5e43a95caaaed6189da10b7cc933ac
--- /dev/null
+++ b/reuters/test/17847
@@ -0,0 +1,7 @@
+FIRST UNION <FUNC.O> COMPLETES ACQUISITIONS
+  First Union Corp said it
+  completed the acquisition of two Florida-based banks, North
+  Port Bank, based in North Port, and City Commerical Bank, based
+  in Sarasota.
+  
+
diff --git a/reuters/test/17848 b/reuters/test/17848
new file mode 100644
index 0000000000000000000000000000000000000000..ba6bdbf440dd292898c42402107d6054915a4675
--- /dev/null
+++ b/reuters/test/17848
@@ -0,0 +1,11 @@
+CROP GENETICS INTERNATIONAL <CROP.O> 4TH QTR
+  4th qtr ended March 31.
+      Shr loss 24 cts vs loss 19 cts
+      Net loss 751,900 vs loss 569,000
+      Revs 497,500 vs 811,400
+      Year
+      Shr loss 1.13 dlrs vs loss 70 cts
+      Net loss 3,472,700 vs 1,990,300
+      Revs 2,484,100 vs 2,498,300
+  
+
diff --git a/reuters/test/17849 b/reuters/test/17849
new file mode 100644
index 0000000000000000000000000000000000000000..dfe50d362b2345ec41d9732f22e4fc32910eb76c
--- /dev/null
+++ b/reuters/test/17849
@@ -0,0 +1,42 @@
+INVESTORS MAY TAKE COMPUTERLAND PUBLIC
+  The investor group that has agreed to
+  buy <Computerland Corp> will likely take the leading personal
+  computer retailer public or sell it to other investors,
+  industry analysts said.
+      "Now's a good time," said Joe Levy of International Data
+  Corp. "The personal computer industry has bottomed out and is
+  on the way up again," he said.
+      Earlier today, closely held Computerland, the largest PC
+  retailing chain in the country, said it agreed to be bought by
+  an investor group led by E.M. Warburg Pincus and Co, New York.
+      Neither Computerland, which is 96 pct owned by its founder,
+  William H. Millard, nor E.M. Warburg, a money management and
+  venture capital firm, would disclose the value of the
+  transaction.
+      Analysts estimated that Computerland, whose 800 stores
+  generated 1.4 billion dlrs in sales last year, would fetch  150
+  mln dlrs to 250 mln dlrs. Computerland franchise owners pay
+  royalties averaging 5.9 pct to the parent company.
+      Officials for E.M. Warburg referred all questions to
+  Computerland. Computerland officials could not immediately be
+  reached for comment.
+      E.M. Warburg currently manages 1.5 billion dlrs in venture
+  capital funds, and its past investments have included Mattel
+  Inc <MAT> and the Ingersoll newspaper chain. It is also a money
+  manager, with 3.5 billion dlrs under management.
+     Although the PC retailers are benefitting from the strong
+  upturn in PC sales, analysts said Computerland must make key
+  changes if it is to fend off advances from rivals like
+  Businessland Inc <BUSL.O> and Tandy Corp's <TAN> Radio Shack
+  stores. "The name of the game now is outbound sales forces,
+  customer service and customer support," said Levy of
+  International Data.
+  
+      Relations between Computerland and its franchise owners
+  have mellowed recently after Millard was forced to give up
+  managment control of the company in 1985.
+      Ed Faber, who took over as chairman and chief executive
+  officer, revamped the company's royalty plan, which help quell
+  much of the franchisee dissent.
+  
+
diff --git a/reuters/test/17853 b/reuters/test/17853
new file mode 100644
index 0000000000000000000000000000000000000000..578516981b360768ba360db7c4f0feee740b31b6
--- /dev/null
+++ b/reuters/test/17853
@@ -0,0 +1,7 @@
+LADD <LADD.O> UNIT COMPLETES ACQUISITION
+  Ladd Furniture Inc's Clayton-Marcus
+  Furniture subsidiary said it completed the previously announced
+  purchase of privately-held Colony House Furniture Inc
+  for an undisclosed amount of cash and notes.
+  
+
diff --git a/reuters/test/17857 b/reuters/test/17857
new file mode 100644
index 0000000000000000000000000000000000000000..42d742895382e532d3db75b79f919725adc70651
--- /dev/null
+++ b/reuters/test/17857
@@ -0,0 +1,10 @@
+CIS <CISIF.O> AGREES TO SECOND EXTENSION
+  CIS Technologies Inc said that it
+  and the Swiss Reinsurance Co of Zurich, Switzerland agreed to a
+  second extension of two dates for the final part of their share
+  purchase agreement.
+      It said the June one election date has been extended to
+  June 15 and the June 30 closing date has been changed to July
+  31.
+  
+
diff --git a/reuters/test/17860 b/reuters/test/17860
new file mode 100644
index 0000000000000000000000000000000000000000..86f952b0b5699e881858731bef018ce7c8e87e55
--- /dev/null
+++ b/reuters/test/17860
@@ -0,0 +1,14 @@
+WASTE MANAGEMENT <WMX> BOARD OKAYS MODULAIRE BUY
+  Waste Management Inc said its
+  directors approved a May 10 accord with Modulaire Industries
+  <MODX.O> under which Waste Management would acquire Modulaire.
+      Under the agreement, Modulaire stockholders would receive
+  16 dlrs in Waste Management stock for each Modulaire share.
+      Modulaire has scheduled a special shareholders meeting for
+  July 15 to vote on the merger. Waste Management said it has
+  received proxies from holders of 49.6 pct of Modulaire's common
+  stock that could be voted in favor of the merger.
+      The Hart-Scott-Roding waiting period on the takeover will
+  expire June 17.
+  
+
diff --git a/reuters/test/17863 b/reuters/test/17863
new file mode 100644
index 0000000000000000000000000000000000000000..082789416b102400c65e5f25ce2c99be9c259f3e
--- /dev/null
+++ b/reuters/test/17863
@@ -0,0 +1,78 @@
+BURLINGTON <BUR> HEARING TO CONTINUE TOMORROW
+  U.S. District Court Judge Eugene
+  A. Gordon said he plans to issue a decision tomorrow on
+  Burlington Industries Inc's request for an injunction to stop
+  Samjens Acquisition Corp's takeover bid for the company.
+      Wall Street sources have said the outcome of the case could
+  be pivotal in determining the winner in the fierce takeover
+  battle for Burlington, the largest u.s. textile maker.
+      Gordon presided over six hours of argument today by lawyers
+  for Burlington and Samjens, a partnership formed by Dominion
+  Textile Inc and New York investor Asher Edelman.
+      Hearings are scheduled to continue tomorrow. A preliminary
+  injunction would hold up Samjens 2.47 billion dlr offer until
+  the case is decided.
+      Burlington had previously agreed to a 2.44 billion dlr
+  buyout from Morgan Stanley Group Inc <MS>, one dlr per share
+  lower than a sweetened 77 dlr per share bid made by Samjens
+  last week. Burlington has not responded to the new Samjens
+  offer.
+      Burlington has alleged in its lawsuit that Edelman and
+  Dominion used illegally obtained confidential information about
+  the company in making their takeover attempt.
+   
+      That information, Burlington said, was provided by James
+  Ammeen, a former Burlington executive, through PaineWebber
+  Group Inc <PWJ>. Ammeen, who had worked for Burlington for 23
+  years, had as many as 12 divisions with 50 pct of Burlington's
+  sales reporting to him. When he left Burlington in November,
+  1985, Burlington said he signed a contract promising never to
+  divulge inside information about the company.
+      Burlington lawyers said shortly after he left he began
+  working with a PaineWebber employee on a hostile plan to
+  "takeover the company, dismember the company and displace its
+  management," Burlington lawyer Hubert Humphrey said.
+      Samjens lawyers acknowledged it received information from
+  PaineWebber, but argued the information was public information
+  and could be obtained either from texitle industry analysts or
+  Burlington's public financial statements.
+      Burlington lawyers said PaineWebber and Ammeen met with
+  Edelman and Dominion in November and continued to meet with
+  them until a couple of days before Edelman and Dominion went
+  public April 24 with their intention to take over the company.
+  Burlington lawyers claim Dominion's board decided to attempt a
+  takeover of Burlington after Ammeen met with the board in
+  February.
+      Burlington lawyers said Edelman and Dominion held
+  discussions with PaineWebber and Ammeen about acting as
+  financial advisers to Samjens. But they allege talks broke off
+  because Painewebber and Ammeen could not satisfy Edelman and
+  dominion with a written statement that they did not provide
+  inside information.
+      Lawyers for Samjens contended that Painewebber and Ammeen
+  withdrew as potential advisers because Burlington chairman
+  Frank Greenberg had called a PaineWebber executive and
+  threatened legal action if PaineWebber got involved in an
+  effort to takeover Burlilgnton.
+      "The ultimate question is not the price per share or the
+  profit, but rather the permissable standards of conduct for
+  those who would takeover an American company," said burlington
+  lawyer Humphrey.
+      Burlington lawyers also contended that Burlington, as the
+  largest manufacturer of denim in the United States, would be in
+  violation of anti-trust laws if it acquired Dominion, Canada's
+  largest textile maker. Dominion has denim manufacturing plants
+  in Georgia, which would reduce competition in the denim market,
+  the lawyers said.
+      Samjens' lawyers discounted the concern. They said the
+  market for denim is more fragmented than Burlington contends
+  and that Burlington has the ability to switch between light
+  weight and heavy weight denim production as demand and price
+  dictate.
+      Samjens lawyers also pointed to a lawsuit filed by
+  Burlington in Canada, in which it said it was considering a bid
+  for Dominion. "Surely, what would have been sauce for the goose
+  would have been sauce for the gander," said Sidney Rosdeitcher,
+  a Samjens lawyer.
+  
+
diff --git a/reuters/test/17864 b/reuters/test/17864
new file mode 100644
index 0000000000000000000000000000000000000000..776941d551bd6b32788c712c2ab9a9105b4fae96
--- /dev/null
+++ b/reuters/test/17864
@@ -0,0 +1,14 @@
+EDELMAN DETAILS BURLINGTON <BUR> OPTIONS SALE
+  A tender offer of Asher Edelman and
+  Dominion Textile Ltd <DTX.TO> for Burlington Idustries Inc is
+  not affected by the investors' sale of options to buy
+  Burlington stock, according to an associate of Edelman.
+      Noting that "our tender offer is definitely in place" the
+  aide said the investors are prohibited by Securities and
+  Exchange Commission regulations from exercising options as long
+  as a tender offer is open. The options are due to expire at the
+  end of June.
+      He said the May 28 sale of options to buy 258,800
+  Burlington shares was thus a "non-event."
+  
+
diff --git a/reuters/test/17866 b/reuters/test/17866
new file mode 100644
index 0000000000000000000000000000000000000000..f09e7038be49038baa89a4a8f01527866a61d08a
--- /dev/null
+++ b/reuters/test/17866
@@ -0,0 +1,14 @@
+CONT'L MATERIALS <CUO> ENDS CONSIDERATION OF BID
+  Continental Materials Corp said its
+  directors decided not to give further consideration to
+  "business combination" proposed by a stockholder group that
+  holds 5.2 pct of Continental Materials stock.
+      Continental Materials said the offer had been received from
+  Continental Associates, a group of St. Louis businessmen.    
+  According to Continental Materials, the group said May 11 it
+  might boost its stake in Continental Materials. But the group
+  also said in a letter last week to the company that the group
+  had no financing. The board "did not consider it an official
+  offer," a Continental Materials spokeswoman said.
+  
+
diff --git a/reuters/test/17867 b/reuters/test/17867
new file mode 100644
index 0000000000000000000000000000000000000000..a64d0b9098a991b207a774e08389da97999b3724
--- /dev/null
+++ b/reuters/test/17867
@@ -0,0 +1,7 @@
+AMERIBANC <AINV.O>, CARDINAL END ACQUISITION
+  Ameribanc Investors Group and
+  Cardinal Savings and Loan Association jointly announced that
+  the proposed acquisition of Cardinal by Ameribanc has been
+  terminated by mutual agreement.
+  
+
diff --git a/reuters/test/17870 b/reuters/test/17870
new file mode 100644
index 0000000000000000000000000000000000000000..ef106301ed57820cc6dc8c0f8c4534712171bd76
--- /dev/null
+++ b/reuters/test/17870
@@ -0,0 +1,31 @@
+VENEZUELA GETS 300 MLN DLRS CREDIT FOR ALUMINUM
+  Venezuela has obtained more than 300 mln
+  dlrs in financing for industrial projects and increased its
+  lines of credit for import financing, finance minister Manuel
+  Azpurua said.
+      'We can say that we are achieving the recuperation of
+  credit, but that cannot be done overnight,' Azpurua said in a
+  television interview.
+      He said a credit agreement for 100 mln marks will be signed
+  this week with the German state bank Kreditanstalt fur
+  Wiederaufbau (KFW), to finance an expansion of the state
+  aluminum company Venalum.
+      The credit will be divided into two separate agreements,
+  one for 85 mln marks with an interest rate of 6.13 pct, and
+  another for 15 mln marks, at 6.20 pct.
+      Azpurua said financing has also been obtained for expansion
+  of Alcasa, another state aluminum company, and for projects in
+  the state steel and petrochemical industries.
+      Yesterday, he said Venezuela obtained two new credits of
+  5.0 mln dlrs each for export financing, one from Credit du Nord
+  of France and the other from Britain's Midland Bank.
+      The Venezuelan government has been criticised at home for
+  failing to obtain new credits, despite its insistence on
+  repaying foreign debt according to the terms of a rescheduling
+  accord reached last February.
+      Azpurua recently visited Tokyo hoping to acquire new
+  credits for industrial expansions but clinched no agreements.
+  Japanese officials refused to allow a new issue of Venezuelan
+  bonds until the country regains its 'Triple A' credit rating.
+  
+
diff --git a/reuters/test/17871 b/reuters/test/17871
new file mode 100644
index 0000000000000000000000000000000000000000..7d1fdb2eeea578495347bb4525025f6109d346ca
--- /dev/null
+++ b/reuters/test/17871
@@ -0,0 +1,75 @@
+U.S. TRADE DATA SEEN AS KEY TO DOLLAR TREND
+  The dollar's recent signs of stability
+  have raised hopes that its 27-month decline may be nearly over,
+  but most currency analysts refuse to commit themselves until
+  after the June 12 release of U.S. trade data for April.
+      "The trade data will be a deciding factor to see if the
+  dollar has bottomed out," said Jim McGroarty of Discount Corp.
+      Since February 1985, the dollar has nearly halved its value
+  against the yen and the mark as part of an officially
+  orchestrated campaign to make U.S. goods more competitive on
+  world markets and redress gaping world trade imbalances.
+      On April 27, the dollar fell to a 40-year low of 137.25 yen
+  but has enjoyed a modest recovery over the last few weeks,
+  topping 145 yen today for the first time in nearly two months.
+      Many economists now believe that the dollar has fallen far
+  enough to ease the trade deficit's drag on the U.S. economy.
+      The U.S. trade gap narrowed to 13.6 billion dlrs in March
+  from 15.1 billion in February and is expected to show continued
+  improvement in April in volume, if not in real, terms.
+      Keiichi Udagawa of Bank of Tokyo in New York said that if
+  further progress is reported, the dollar would head back up
+  towards 150 yen.
+      "There is growing consensus that the dollar has bottomed
+  out for the medium term," added Tom Campbell of First National
+  Bank of Chicago.
+      Other factors supporting this bullish view were growing
+  expectations that Federal Reserve Chairman Paul Volcker would
+  be reappointed for a third four-year term in August, Japan's
+  larger-than-expected economic stimulus package last week and 
+  more favorably technical chart signals, analysts said.
+      The dollar was also aided by Japan's moves to dampen
+  speculative selling in Tokyo and by reports of active central
+  bank intervention to support the dollar.
+      The Federal Reserve Bank of New York said last week that
+  the U.S. monetary authorities bought more than four billion
+  dlrs during the February-April period -- the largest amount
+  since the dollar crisis of the late 1970's.
+      Discount Corp's McGroarty described the Fed's intervention
+  volume as "impressive".
+      James O'Neill of Marine Midland Bank was not so positive,
+  however: "the dollar has not yet bottomed out. After the trade
+  data are released, the dollar could fall towards 1.77 marks and
+  140 yen."
+      Similarly, Natsuo Okada of Sumitomo Bank in New York
+  warned, "I don't think the dollar has bottomed out yet."
+      Although the dollar could rise as high as 146.50 yen, Okada
+  said market impatience about the painstakingly slow decline of
+  the U.S. trade deficit may lead to renewed pressure.
+      Currency analysts also warned about an unfavorable reaction
+  to the seven-nation economic Summit on June 8 to 10 in Venice,
+  which is likely to focus on the implementation of previous
+  commitments rather than yield any fresh initiatives.
+      President Reagan said today, "economic policy decisions
+  made last year in Tokyo and at this year's meetings of Group of
+  Seven finance ministers in Paris and Washington cannot be
+  ignored or forgotten."
+      "The commitments made at these meetings need to be
+  translated into action," he added in a speech, celebrating the
+  40th anniversary of the Marshall aid plan for Europe.
+      Now that Tokyo has unveiled its fiscal stimulus package,
+  analysts expected Bonn and the dollar/mark rate to bear the
+  brunt of U.S. calls for further action.
+      Marine Midland's O'Neill said, "pressure will build up on
+  Germany to take stimulative action like Japan."
+      Some Japanese bank dealers warned that although the dollar
+  could hold above 145 yen for some months it could also come
+  under attack again if it seems the latest economic package is
+  not having much impact on Japan's economy and its trade
+  surplus. Reflecting a longer-term uncertainty, some some trust
+  banks and Japanese insurers are keeping their short dollar
+  positons hedged against exchange losses in their foreign
+  portfolios, while some others have started covering those short
+  positions, Japanese bank dealers said.
+  
+
diff --git a/reuters/test/17872 b/reuters/test/17872
new file mode 100644
index 0000000000000000000000000000000000000000..93f85ca674f2b6f260d433e05d94611e3685430b
--- /dev/null
+++ b/reuters/test/17872
@@ -0,0 +1,14 @@
+COURT UPHOLDS BANK BUILDING <BB> SELF-TENDER
+  Bank Building and Equipment Corp of
+  America said the Delaware Chancery Court denied a stockholder's
+  request for a preliminary injunction against an
+  offer for Bank Building stock made by the company and its
+  employee stock ownership plan and trust.
+      Bank Building said the joint offer is for 780,300 shares of
+  Bank Building stock at 14 dlrs a share. The offer is scheduled
+  to expire midnight (EDT) on June 2.
+      Bank Building also said its board set July 30 as the date
+  of the company's annual meeting, with a record date of July
+  six.
+  
+
diff --git a/reuters/test/17873 b/reuters/test/17873
new file mode 100644
index 0000000000000000000000000000000000000000..c146beb633f0c15cf8b756a332e11d4a5748ad46
--- /dev/null
+++ b/reuters/test/17873
@@ -0,0 +1,34 @@
+HARCOURT <HBJ> DEBENTURES MAY TRIGGER SUIT
+  Holders of convertible subordinated
+  debentures of Harcourt Brace Jovanovich Inc threatened to sue
+  the company if they do not get more information about how their
+  investment will be affected by the company's proposed
+  recapitalization plan.
+      The holders, none of whom was willing to be identified,
+  said although Harcourt has urged that they convert their shares
+  to common stock by the June eight record date for a special
+  dividend, they were unable to determine if it might be better
+  for them to continue holding the debentures.
+     
+      "There are rumors that various houses will bring litigation
+  if we don't get answers," said a Wall Street source. Officials
+  of Harcourt declined to comment, citing a suit brought by
+  British publisher Robert Maxwell whose has been trying to
+  acquire Harcourt.
+      Executives of First Boston Inc, Harcourt's financial
+  adviser, did not return a telephone call seeking comment.
+      When it announced its recapitalization May 26 Harcourt
+  advised holders of the 6-3/8 pct convertible subordinated
+  debentures due 2011 to convert into common by the June eight
+  record date for the company's special dividend.
+      Harcourt's special dividend pays 40 dlrs per share in cash
+  plus a security worth 10 dlrs. Holders would also retain stock
+  in the recapitalized firm.
+      The debentures had been convertible at 34 dlrs per share.
+  Harcourt's May 26 announcement said the conversion price would
+  be adjusted according to the indenture covering the securities.
+  Arbitrageurs said the conversion formula yielded a "negative
+  number" and thus they needed further information from the
+  company.
+  
+
diff --git a/reuters/test/17874 b/reuters/test/17874
new file mode 100644
index 0000000000000000000000000000000000000000..8556401ec5563c0e17e1ae117b5e9663d8d52e24
--- /dev/null
+++ b/reuters/test/17874
@@ -0,0 +1,36 @@
+VENEZUELA OBTAINED 300 MILLION DLRS IN CREDITS
+  venezuela has obtained more than 300 mln
+  dlrs in financing for industrial projects and has also
+  increased its lines of credit for import financing, finance
+  minister manuel azpurua said.
+      "we can say that we are achieving the recuperation of
+  credit, but that cannot be done overnight," azpurua said in a
+  television interview.
+      Azpurua said a credit agreement for 100 mln marks will be
+  signed this week with the german state bank kreditanstalt fur
+  wiederaufbau (kfw), to finance an expansion of the state
+  aluminum company venalum.
+      The credit will be divided into two separate agreements,
+  one for 85 mln marks with an interest rate of 6.13 pct, and
+  another for 15 mln marks, at 6.20 pct. Azpurua said financing
+  had also been obtained for the expansion of alcasa, another
+  state aluminum company, as well as for projects in the state
+  steel and petrochemical industries. He did not provide details.
+      Yesterday, after a meeting of leaders of the ruling accion
+  democratica party, azpurua said venezuela had obtained two new
+  credits of five mln dlrs each for export financing, one from
+  credit du nord of france and the other from the midland bank of
+  great britain.
+      The finance minister's statements came as the government is
+  under sharp criticism for failing to obtain new credits,
+  despite its insistence on repaying the foreign debt according
+  to the terms of a rescheduling accord reached last february.
+      Azpurua and other senior economic officals returned from a
+  trip to tokyo last week in which they hoped to acquire new
+  credits for industrial expansions, but no agreements were
+  reached.
+      Japanese officials also refused to allow a new issue of
+  venezuelan debt bonds because until the country regains its
+  'triple a' credit classification.
+  
+
diff --git a/reuters/test/17875 b/reuters/test/17875
new file mode 100644
index 0000000000000000000000000000000000000000..db55559e43c0918a1e8c464620063c34f0a3ba31
--- /dev/null
+++ b/reuters/test/17875
@@ -0,0 +1,11 @@
+SOUTH KOREA INCREASES DUTY ON CRUDE IMPORTS
+  South Korea has increased its duty on crude
+  oil imports to 4.29 dlrs a barrel from 3.29 dlrs, effective
+  today, the energy ministry said.
+      The duty, to raise funds for special energy projects, was
+  adjusted after average crude import prices rose to 16.85 dlrs a
+  barrel in April, from 16.65 dlrs in March and 13.08 dlrs in
+  April 1986, ministry officials said.
+      A separate 24.5 pct import tax on crude oil is unchanged.
+  
+
diff --git a/reuters/test/17876 b/reuters/test/17876
new file mode 100644
index 0000000000000000000000000000000000000000..9b1c541ab212b3e4bd0a509176371cf45c0c2e9a
--- /dev/null
+++ b/reuters/test/17876
@@ -0,0 +1,46 @@
+EQUITICORP TASMAN TO BID FOR MONIER LTD
+  <Equiticorp Tasman Ltd> (ETL) said it will
+  offer 4.15 dlrs a share cash for all the issued capital of
+  Monier Ltd <MNRA.S>, currently the subject of a 3.80 dlrs a
+  share bid by CSR Ltd <CSRA.S>.
+      Alternatively, ETL will offer three shares plus 82 cents
+  cash for each Monier share, it said in a statement.
+      As previously reported, ETL moved into the market for
+  Monier shares last week, taking its stake to 13.7 pct by
+  Friday.
+      It now holds 14.99 pct, the maximum allowed without Foreign
+  Investment Review Board (FIRB) approval. ETL is classified as
+  foreign because of its New Zealand base.
+      The ETL cash offer values Monier's issued capital of 156.28
+  mln shares at 649 mln dlrs, against 593 mln for the CSR bid.
+      Based on the current price of ETL shares of 1.05 dlrs, the
+  alternative is worth 3.97 dlrs per share, but ETL said the
+  value placed on its shares for the offer aproximates to the
+  diluted asset backing of ETL as at March 31.
+      ETL said the offer will have no minimum acceptance
+  conditions and will be subject to Australian foreign investment
+  and U.S. Hart-Scott-Rodino anti-trust clearances.
+      ETL chairman Allan Hawkins said in the statement that the
+  shareholding in Monier was a long term investment.
+      ETL and its <Feltex International Ltd> associate have
+  targetted the building products sector as an area of expansion
+  and Monier fits well with this aim, he added.
+      Monier chairman Bill Locke said in a separate statement
+  that the independent directors of Monier intend to recommend
+  acceptance of the ETL bid in the absence of a higher bid.
+      He also said Monier will not now proceed with the
+  one-for-two bonus issue announced with its interim results on
+  March 19 in view of the proposed takeover bids.
+      As previously reported, the CSR offer involves a complex
+  put and call option deal with Monier's major shareholder,
+  Redland Plc <RDLD.L>, which gives Redland the choice of
+  accepting the CSR offer for its 49.8 pct stake or moving to
+  50.1 pct within six months of the bid closing.
+      CSR officials have made it clear that they see Redland
+  taking the second option, resulting in the two companies
+  running Monier as a joint venture.
+      CSR officials have also said they had no intention of
+  raising the company's bid for Monier after ETL's intervention
+  became public last week.
+  
+
diff --git a/reuters/test/17877 b/reuters/test/17877
new file mode 100644
index 0000000000000000000000000000000000000000..043a22d81b378c5d2c82f7f487b0511e7002811c
--- /dev/null
+++ b/reuters/test/17877
@@ -0,0 +1,53 @@
+VENEZUELA TIGHTENS FOREIGN EXCHANGE RESTRICTIONS
+  Venezuela's central bank has ordered
+  Venezuelan banks and exchange houses to cease foreign exchange
+  operations with brokers based outside the country, according to
+  a copy of a central bank telex made available to Reuters.
+      The measure, confirmed by a brokerage firm here, has
+  effectively cut off all foreign participation in Venezuela's
+  volatile currency market.
+      The telex, issued on May 19, was signed by Carlos Hernandez
+  Delfino, manager of the bank's department of international
+  operations.
+      The telex said the restriction on business with foreign
+  brokers is in line with an earlier measure prohibiting foreign
+  exchange houses from selling dollars or other foreign
+  currencies to anyone living outside Venezuela.
+      In recent weeks the Venezuelan government has denied
+  rumours that it intends to impose foreign exchange controls to
+  prop up the weakening bolivar.
+      But brokers said the central bank's move is seen as a de
+  facto currency control. "It is definitely a control in the sense
+  that there's no longer complete freedom to operate," one broker
+  here said.
+      "Gradually they're imposing restrictions and the direction
+  is towards complete control," the broker said.
+      The broker, who requested anonymity, said virtually all his
+  Venezuelan customers had stopped doing business with him since
+  the central bank issued the telex and followed it up with
+  telephone calls.
+      He said that before the restriction was imposed the volume
+  of his firm's transactions with Venezuela was about 10 mln dlrs
+  a day. "It was a frenetic market, it was really quite active," he
+  said.
+      The broker said he saw no logical explanation for the
+  prohibition because his firm only acted act as an intermediary
+  between Venezuelan brokers, exchange houses and banks.
+      "We weren't buying dollars from Venezuelans, that's
+  ridiculous," he said. "They've been on a rampage against
+  foreigners."
+      The broker noted that two months ago Venezuela's central
+  bank quietly announced that banks doing foreign exchange
+  business outside Venezuela would have to respect a new 200 pct
+  reserve requirement.
+      In February, the central bank also prohibited trading in
+  bolivar futures, the broker said.
+      "We used to have a forward market," he said. "For a small
+  currency it was miraculous."
+      He said the bolivar, which averaged 20.29 to the U.S.
+  Dollar in 1986, would continue to slip from its current range
+  of 28.35 to 28.50 because the central bank was rapidly running
+  out of foreign reserves to support the currency on the free
+  market.
+  
+
diff --git a/reuters/test/17878 b/reuters/test/17878
new file mode 100644
index 0000000000000000000000000000000000000000..d5d0a62c19ae5feaeec81712940461a11c3f07d3
--- /dev/null
+++ b/reuters/test/17878
@@ -0,0 +1,14 @@
+ESSO RAISES SINGAPORE PETROL PUMP PRICES
+  Esso Singapore Pte Ltd said it raised
+  pump prices of petrol from today.
+      New prices for 0.15 gm lead grades are 97.0 cents/litre for
+  97 octane and 90.8 cents for 95 octane.
+      Other Singapore oil companies announced yesterday that they
+  would revise their pump prices effective today.
+      Shell Eastern Petroleum Pte Ltd, Mobil Oil Singapore Pte
+  Ltd, Caltex Asia Ltd, Singapore Petroleum Co Pte Ltd and BP
+  Singapore Pte Ltd are pricing 97 octane at 96.8 cents. Shell,
+  Mobil and Caltex are pricing 92 octane at 90.2 cents, and SPC
+  and BP at 90.6 cents.
+  
+
diff --git a/reuters/test/17880 b/reuters/test/17880
new file mode 100644
index 0000000000000000000000000000000000000000..f5c7f1ffded03b8d0631f7da712267585c04693e
--- /dev/null
+++ b/reuters/test/17880
@@ -0,0 +1,6 @@
+SOUTH KOREA RAISES NAPHTHA PRICE
+  South Korea raised its pre-tax ex-factory
+  naphtha price to 104.21 won per litre from 103.97 won,
+  effective today, energy ministry officials said.
+  
+
diff --git a/reuters/test/17881 b/reuters/test/17881
new file mode 100644
index 0000000000000000000000000000000000000000..94355a98fe001547720b62b9f152dce9ec77934d
--- /dev/null
+++ b/reuters/test/17881
@@ -0,0 +1,5 @@
+Tokyo - Bundesbank's Schlesinger sees no reason to lower interest rates
+
+  Tokyo - Bundesbank's Schlesinger sees no reason to lower interest rates
+  
+
diff --git a/reuters/test/17883 b/reuters/test/17883
new file mode 100644
index 0000000000000000000000000000000000000000..547e4321e4c7ab7921d2e56be2986a1cd3f30079
--- /dev/null
+++ b/reuters/test/17883
@@ -0,0 +1,76 @@
+NO REASON TO CUT RATES - BUNDESBANK'S SCHLESINGER
+  Bundesbank vice president Helmut
+  Schlesinger said he saw no reason to lower interest rates now.
+      With money supply growth showing no sign of slowing down in
+  May and the dollar stable or even rising against the mark,
+  Schlesinger told Reuters that he was not convinced that a
+  further cut in interest rates was needed.
+      The economy is picking up, after contracting by a
+  seasonally adjusted 1/2 to one pct in the first quarter from
+  the fourth, he added. "We may have an increase in gnp starting
+  in the second quarter," he said in an interview.
+      Concerned by the first quarter downturn, the U.S. Has been
+  pressing West Germany to pump up its economy and boost its
+  imports, either through fiscal or monetary policy.
+      Schlesinger said the contraction in the first quarter was
+  mainly due to adverse weather conditions, just as occured in
+  1986. Year-on-year growth was thus about two pct.
+      He estimated that economic growth for the year as a whole
+  would probably be between one and two pct.
+     "It is not a question of monetary conditions if domestic
+  demand does not grow strongly," he said, noting that interest
+  rates are at historically low levels and funds are ample.
+      Schlesinger said he saw no signs that central bank money
+  stock growth was slowing down from its recent year-on-year pace
+  of 7-1/2 to eight pct, well above the Bundesbank's three to six
+  pct target.
+      He said the target could still be achieved but much will
+  depend on the direction of long-term capital flows. Heavy
+  inflows, particularly in January around the time of the EMS
+  revaluation, boosted domestic money supply.
+      "There is still a certain hope that the net inflow of
+  foreign money can be diminished or can even be a little bit
+  reversed," Schlesinger said.
+      A major reason for the inflows was the market's conviction
+  that the mark was headed higher. "As we can see from the market,
+  expectations for a further revaluation of the deutschemark have
+  diminished," Schlesinger said.
+      The recent widening of interest rate differentials, the
+  fact that the dollar has fallen sharply in a very short period
+  and an improvement in real trade balances have all combined
+  towards stabilizing the dollar, he said.
+      Asked if central banks might act to prevent a sharp dollar
+  rise, as the U.S. Did in March when the dollar rose above 1.87
+  marks, he said this would depend on the circumstances.
+      At midday here, the dollar stood at 1.8340/45 marks.
+      "Central banks are always in contact about these
+  fluctuations but I cannot give any answer how they would react,"
+  Schelsinger said.
+      "One has to look at how it (the market) is moving," he said,
+  adding, "It is not only our own case, it is also the American
+  case."
+      He said that the West German export industry has been hit
+  hard by the dollar's sharp fall and would probably like to see
+  some correction now. "But it wouldn't be good to have short-term
+  fluctuations," he said. "Let us wait and see."
+      "It is mainly the strength of the (dollar) fall in a very
+  short period which was a little bit of a shock, than the level
+  (of rates) as such," Schlesinger said.
+      The sharp rise of the mark, coupled with weak prices of
+  such key commodities as oil, had a favourable impact on West
+  German inflation down year.
+      Although there have recently been signs of inflation
+  picking up, he said that this was due to changes in key
+  commodity prices. The underlying inflation rate this year would
+  be unchanged, at about one to 1-1/2 pct, he said.
+      Schlesinger said the problem of rapid money supply growth
+  was longer term, in that the economy was building up the
+  potential for a possible eventual resurgence of inflation.
+      The above-target growth of money supply over the past 16
+  months had prompted some discussion of the usefulness of
+  targets themselves, a matter which might be taken up at the
+  mid-year meeting of the Bundesbank's council, Schlesigner said.
+      But he added: "I don't see any great pressure to go away
+  from it."
+  
+
diff --git a/reuters/test/17886 b/reuters/test/17886
new file mode 100644
index 0000000000000000000000000000000000000000..a7c97ae804618b608e23d0593112f4d54a2f2f06
--- /dev/null
+++ b/reuters/test/17886
@@ -0,0 +1,51 @@
+JAPAN OIL INDUSTRY DECONTROL MAY LEAD TO MERGERS
+  Deregulation of Japan's oil industry could
+  mean hardship for smaller firms and lead to their merging into
+  bigger refining and marketing groups, industry sources said.
+      They said the relaxation of controls was now under review
+  by the Petroleum Council, an advisory panel to the Ministry of
+  International Trade and Industry (MITI).
+      A spokesman for a major firm said, "Deregulation would bring
+  about a reorganization. If it's a by-product of freer
+  competition, we have no choice but to accept it."
+      The Council is due to close its discussions on June 12.
+      The sources said the Council was likely to tell MITI it
+  should end its 50 year-old protection of the industry. It
+  should cut capacity to 3.8 mln barrels per day, about 75 pct of
+  current capacity. Quotas should end for crude throughput and
+  gasoline output, and oil tariffs should be abolished.
+      They said deregulation was vital to promote more
+  competition and efficiency, and most saw it as inevitable.
+      "Deregulation is taking place everywhere. Now it's our turn
+  to see if we can survive cut-throat competition," said a source
+  at one major Japanese oil company.
+      A spokesman for a smaller refiner said, "We'll have a hard
+  time surviving, but that's something we must go through."
+      "In addition to our streamlining and efficiency programs for
+  the oil division, we will exert efforts towards branching out
+  further into other lines such as real estate and travel
+  agencies," he said.
+      Larger companies are also streamlining. Nippon Oil Co Ltd
+  which had the largest share of refined products sales in the
+  Japanese market in fiscal 1985, cut nine pct of its refining
+  capacity in fiscal 1986.
+      Cosmo Oil Co Ltd, the third largest seller of oil products
+  in 1985, cut its workforce by some 20 pct last year, a
+  spokesman for the company said.
+      Between 1984 and 1986, on the recommendation of the
+  Council, 13 oil companies were integrated into 11 companies
+  within seven refining and marketing groups to improve the
+  efficiency of the industry.
+      Oil industry sources said this structure was now likely to
+  be streamlined further into five refining groups.
+      "MITI means business. It will urge the major seven groups to
+  merge into five to build up their muscles," a source said.
+      A MITI official told Reuters he did not rule out the
+  possibility of further mergers within the Japanese oil industry
+  in the event of the relaxation of oil controls.
+      He declined to officially confirm or deny that the
+  Petroleum Council had recommended deregulatory measures but
+  said that in principal MITI would encourage a move towards
+  deregulation.
+  
+
diff --git a/reuters/test/17887 b/reuters/test/17887
new file mode 100644
index 0000000000000000000000000000000000000000..603dddee5b10cbb1460a27e04387fec7ddb63131
--- /dev/null
+++ b/reuters/test/17887
@@ -0,0 +1,8 @@
+FUJITSU LTD <ITSU.T> GROUP YEAR ENDED MARCH 31
+  Group shr - 13.56 yen vs 27.06
+      Net - 21.61 billion vs 38.93 billion
+      Current - 37.66 billion vs 46.70 billion
+      Operating - 57.37 billion vs 79.91 billion
+      Sales - 1,789 billion vs 1,692 billion
+  
+
diff --git a/reuters/test/17888 b/reuters/test/17888
new file mode 100644
index 0000000000000000000000000000000000000000..7beeccae3c99d4aabd7412f52ecb5a2ffc1f1885
--- /dev/null
+++ b/reuters/test/17888
@@ -0,0 +1,24 @@
+JAPAN READY TO USE DIPLOMACY FOR GULF SECURITY
+  Japan was ready to use diplomacy to help
+  maintain the security of the Gulf, Prime Minister Yasuhiro
+  Nakasone said.
+      But he told reporters Japan should not cut its lines of
+  communication with Iran and Iraq because its policy was to take
+  a broad political stance. Officials of the foreign ministry
+  said Japan had maintained good relations with both Iran and
+  Iraq, which have been at war since September 1980.
+      Last week Nakasone ruled out Japanese military or financial
+  help to patrol the waters of the Gulf. About 60 pct of Japan's
+  crude oil passes through the waterway.
+      President Reagan said yesterday the threat to oil routes in
+  the Gulf from attacks by Iran and Iraq was high on the agenda
+  for next week's G-7 summit in Venice.
+      Reagan has approved plans for the United States to step up
+  its naval presence in the Gulf despite congressional
+  expressions of concern and he has called on U.S. Allies to help
+  maintain freedom of navigation.
+      Japan's constitution prevents its armed forces from being
+  deployed overseas. Nakasone has said that Washington
+  understands this problem.
+  
+
diff --git a/reuters/test/17892 b/reuters/test/17892
new file mode 100644
index 0000000000000000000000000000000000000000..538e7edef2ffdb214c65e8922594494e79fd5503
--- /dev/null
+++ b/reuters/test/17892
@@ -0,0 +1,13 @@
+MEES NEWSLETTER SAYS OMAN OFFERS OIL DISCOUNTS
+  Oman has granted term crude oil
+  customers retroactive discounts from official prices of 30 to
+  38 cents per barrel on liftings made during February, March and
+  April, the weekly newsletter Middle East Economic Survey (MEES)
+  said.
+       MEES said the price adjustments, arrived at through
+  negotiations between the Omani oil ministry and companies
+  concerned, are designed to compensate for the difference
+  between market-related prices and the official price of 17.63
+  dlrs per barrel adopted by non-OPEC Oman since February.
+  
+
diff --git a/reuters/test/17894 b/reuters/test/17894
new file mode 100644
index 0000000000000000000000000000000000000000..3d9ac9d65d2bb7a93c3dfb4de3b76b547bc1d42b
--- /dev/null
+++ b/reuters/test/17894
@@ -0,0 +1,14 @@
+MALAYSIAN RUBBER OUTPUT RECOVERS FROM WINTERING
+  Malaysian rubber production should
+  return to normal levels this month after a hard wintering
+  season, the Malaysian Rubber Exchange and Licensing Board said
+  in its latest review. "As packers and remillers expect
+  production to recover to normal levels in June, sellers will
+  remain reserved in the near future," the review, dated May 14,
+  said. Many consumers are holding off, waiting for the best time
+  to buy.
+      The market is mindful of approaching summer holidays in
+  industrial countries and there is an air of uncertainty beyond
+  July, it said. It gave no figures for the output drop.
+  
+
diff --git a/reuters/test/17896 b/reuters/test/17896
new file mode 100644
index 0000000000000000000000000000000000000000..78b10fe53ee67124738bf449d13703f55e239af0
--- /dev/null
+++ b/reuters/test/17896
@@ -0,0 +1,90 @@
+CENTRAL BANK HEAD SAYS PHILIPPINE GROWTH ON TARGET
+  The Philippines' first quarter growth
+  figures released yesterday indicated the government was likely
+  to achieve its 1987 targets, Central Bank governor Jose
+  Fernandez said in an interview.
+      The National Economic Development Authority (NEDA)
+  announced yesterday gross domestic product (GDP) grew 5.78 pct
+  and gross national product (GNP) 5.53 pct in the first quarter
+  from a year earlier.
+      "I don't see anything on the horizon that should cut it
+  (growth) short," Fernandez said.
+       NEDA said GNP had grown 3.56 pct and GDP 3.25 pct in the
+  fourth quarter of 1986 from a year earlier. Last year's GNP
+  growth, put earlier at 0.13 pct, was revised to 1.51 pct.
+      "Certainly I do not see any shortage in external resources
+  and if GNP growth continues at this level I would assume that
+  domestic resources on the fiscal side would be generated and
+  would not be a stumbling block," Fernandez said.
+      "I think even before the figures came out, simply looking at
+  key indicators, such as consumption of fuel oil and power,
+  showed that the economy was on a different track from last
+  year," he said.
+      Fernandez said consumption tended to be heavier in the
+  first and second quarters because of the dry weather, and it
+  could drop off in the third quarter.
+      He said the most significant sign of recovery lay in the
+  manufacturing sector, which grew by 9.64 pct, after declines in
+  1985 and a slow turnaround in the second half of 1986.
+      "That is not a seasonal thing, it is secular," he said.
+      He said the government had met all monetary targets set for
+  the first quarter in consultation with the International
+  Monetary Fund (IMF). It expected to draw down the fourth
+  tranche from its 198 mln SDR stand-by arrangement soon.
+      The Philippines has so far drawn three tranches totalling
+  58 mln SDRs from the arrangement expiring on April 23, 1988.
+  Fernandez said an IMF mission would visit here in July or
+  August to review performance in the January-June period.
+      He said IMF repayments were projected to total 1.56 billion
+  dlrs over the 1987-92 period and drawings only 236 mln dlrs.
+  Repayments were inevitable and many countries would find their
+  net repayments to the IMF rising in the next few years.
+      "It means that since there will be a net drain on ODA
+  (official development assistance) accounts the commercial
+  banking system will be requested to hold the line," he said.
+      It is an internal constraint that exists because the IMF
+  debt cannot be rescheduled, Fernandez said.
+      The Philippines rescheduled 10.3 billion dlrs of its 28
+  billion dlr foreign commercial debt in March.
+      Fernandez said Central Bank bills, introduced in March 1984
+  to mop up excess liquidity, had peaked at 43.1 billion pesos in
+  April 1986. But their unwinding on maturity dates, started in
+  October last year, had almost been completed.
+      He said auctions of treasury bills, whose outstanding level
+  touched 95.44 billion pesos on May 20, were going well.
+  "Treasury bills will remain a basic monetary tool," he said.
+      Commenting on the country's foreign debt Fernandez said, "I
+  think the Philippine debt stock looms large because our own
+  receipts from exports have not taken the same kind of leap
+  forward as might have been suitable."
+      The foreign debt is projected by the Central Bank to reach
+  29.04 billion dlrs by the end of 1987.
+      NEDA said exports totalled 1.2 billion dlrs in the first
+  quarter, while imports were 1.4 billion dlrs.
+      Fernandez said the government had targeted GNP growth of
+  between six and 6.5 pct this year. He cautioned that while
+  growth so far was high the targets had not yet been achieved.
+      Fernandez said he saw no merit in arguments by some
+  economists that the peso, currently pegged at 20.50 to the
+  dollar, ought to be devalued to make the country's exports more
+  competitive.
+      "By being pegged to the dollar on a basket basis the peso
+  has already substantially devalued against all of the country's
+  trading partners," he said.
+      On the proposed Omnibus Investment Code, he said he was
+  opposed to a clause which would allow the unrestricted
+  repatriation abroad of investments made during the first two
+  years after the imposition of the Code.
+      The imposition of the Code, scheduled for last January, has
+  been delayed by objections from some business groups.
+      "I think any central bank, certainly this one after the
+  events of the past two or two and a half years, has to be
+  prudent. This is not the time to throw all caution to the winds
+  and I'm not about to do that," Fernandez said.
+      "It would be ideal if we reach a point where movement of
+  capital and earnings can be free," he said.
+      "We have had one year of reasonably good results. Certainly
+  we continue to have a fairly heavy drain on our external
+  availabilities simply by servicing our debts."
+  
+
diff --git a/reuters/test/17897 b/reuters/test/17897
new file mode 100644
index 0000000000000000000000000000000000000000..950371960e705df383361f9f538f95ce3a49744d
--- /dev/null
+++ b/reuters/test/17897
@@ -0,0 +1,14 @@
+BELGIAN FEBRUARY INDUSTRY OUTPUT DOWN ON YEAR AGO
+  Belgian industrial production, excluding
+  construction and adjusted for seasonal and calendar influences,
+  was provisionally 0.6 pct lower in February than a year
+  earlier, the National Statistics Office said.
+      Output in February was, however, 5.9 pct higher than in
+  January.
+      A spokeswoman for the office said the production index,
+  base 1980, rose to a provisional 108.8 in February from a
+  provisional 102.7 in January, slightly revised from the 102.8
+  originally estimated. In February last year the index stood at
+  109.5.
+  
+
diff --git a/reuters/test/17899 b/reuters/test/17899
new file mode 100644
index 0000000000000000000000000000000000000000..cbc362292195f5cae708db5212cc98ec7c2d1ce1
--- /dev/null
+++ b/reuters/test/17899
@@ -0,0 +1,10 @@
+BUNDESBANK SETS NEW REPURCHASE TENDER
+  The Bundesbank set a new tender for a
+  28-day securities repurchase agreement, offering banks
+  liquidity aid at a minimum bid rate of 3.50 pct, a central bank
+  spokesman said.
+      Banks must make their bids by 1400 GMT today and funds
+  allocated will be credited to accounts tomorrow. Banks must
+  repurchase securities pledged on July 1.
+  
+
diff --git a/reuters/test/17900 b/reuters/test/17900
new file mode 100644
index 0000000000000000000000000000000000000000..ce7ac34db49016e68dbdc79cec750f4563f68818
--- /dev/null
+++ b/reuters/test/17900
@@ -0,0 +1,14 @@
+STOREHOUSE REPORTS HIGHER PROFITS IN 1986/87
+  53 weeks to April 4, 1987
+      Share - basic 22.2p vs 21.6p
+            - fully-diluted 21.6p vs 19.9p
+      Final dividend 6.3p vs 5.7p, making 8.6p vs 7.7p
+      Pretax profits 129.2 mln stg vs 116.0 mln
+      Turnover 1,088.1 mln stg vs 968.4 mln
+      Profit from retail operations 133.3 mln stg vs 115.6 mln
+      Tax 40.1 mln stg vs 36.5 mln
+      Profit after tax 89.1 mln stg vs 79.5 mln
+      Extraordinary items debit 0.7 mln stg vs debit 24 mln
+      NOTE - full name is Storehouse Plc <STHL.L>
+  
+
diff --git a/reuters/test/17901 b/reuters/test/17901
new file mode 100644
index 0000000000000000000000000000000000000000..eec5ebf2424ef2d0f21fe23ef1d0722a32bac6f0
--- /dev/null
+++ b/reuters/test/17901
@@ -0,0 +1,29 @@
+NORCROS PROFITS ADVANCE IN 1986/87
+  Year to March 31
+      Shr 28.0p vs 21.4p
+      Final dividend 9p vs 6.5p making 12p vs 9.3p
+      Pretax profit 53.16 mln stg vs 45.12 mln
+      Turnover 641.1 mln stg vs 639.7 mln
+      Group operating profit 57.63 mln stg vs 49.06 mln
+      Share of associates' profits 1.33 mln stg vs 3.87 mln
+      Investment income 1.59 mln stg vs 2.19 mln
+      Interest payable 7.38 mln stg vs 10.01 mln
+      Tax 16.48 mln stg vs 17.60 mln
+      Leaving 36.68 mln vs 27.51
+      Minorities debit 1.58 mln stg vs debit 1.39 mln
+      Extraordinary items credit 2.95 mln stg vs debit 8.12 mln
+      Operating profits breakdown, by class of business,
+      - building materials manufacture 23.7 mln stg vs 20.9 mln
+      - distribution 10.1 mln stg vs 7.5 mln
+      - specialist print and pack 12.6 mln stg vs 9.6 mln
+      - international 6.0 mln stg vs 5.6 mln
+      - head office and property 4.6 mln stg vs 3.6 mln
+      - discontinued, sold businesses 589,000 stg vs 2.4 mln
+      Operating profits, geographic breakdown:
+      - Britain 51.4 mln stg vs 43.3 mln
+      - Africa 3.3 mln stg vs 3.4 mln
+      - Australasia 1.4 mln stg vs 854,000 stg
+      - North America 1.5 mln stg vs 1.6 mln
+      NOTE - full name is Norcros Plc <NCRO.L>.
+  
+
diff --git a/reuters/test/17906 b/reuters/test/17906
new file mode 100644
index 0000000000000000000000000000000000000000..5d77f71dc11467f3cca3f490c2669fffcbbae958
--- /dev/null
+++ b/reuters/test/17906
@@ -0,0 +1,44 @@
+GERMAN GNP FIGURES PUBLICATION DELAYED
+  Figures for first quarter 1987 West
+  German GNP will be published on June 11 after they were
+  provisionally scheduled for June 4, an official at the Federal
+  Statistics Office said.
+      The official said there had been a delay in gathering
+  information for the data, which are expected to show that the
+  West German economy contracted in the period.
+      A spokesman for the Economics Ministry in Bonn said there
+  was no political motivation behind publishing the figures on
+  June 11, the day after the Venice economic summit ends.
+      "There is no political motivation. It is a purely technical
+  matter," he added.
+      The West German government is expected to come under
+  pressure in Venice from both the U.S. And its European partners
+  to stimulate domestic demand as a way of reducing international
+  trade imbalances and contributing to world economic growth.
+      However, government officials have ruled out any further
+  tax reduction packages to supplement a major program of
+  stimulatory fiscal measures already underway.
+      Helmut Schlesinger, vice-president of the West German
+  central bank, the Bundesbank, said in Tokyo today that GNP, the
+  widest measure of a country's economic activity, fell in real
+  terms by a seasonally adjusted 1/2 to one pct in the first
+  quarter compared with the fourth 1986 period.
+       The government has confirmed that growth was negative in
+  the first 1987 quarter. But year-on-year growth is expected to
+  be about two pct.
+      Schlesinger today repeated the Bundesbank's reluctance to
+  cut its official interest rates further. Its key discount rate,
+  at three pct, is just above historical lows.
+      West German officials are likely to emphasise at the Venice
+  summit that domestic demand, which draws in goods from abroad,
+  is already outstripping export performance, which has suffered
+  from an 80 pct rise of the mark against the dollar in just over
+  two years.
+      The government has pointed out that depressed exports are
+  the main reason for the current weakness in the economy, but
+  says that later in the year stronger domestic demand will
+  compensate for this setback.
+      It expects GNP growth for the whole of 1987 of just under
+  two pct, after a 2.4 pct rise in 1986.
+  
+
diff --git a/reuters/test/17907 b/reuters/test/17907
new file mode 100644
index 0000000000000000000000000000000000000000..3ba28672845446082a8a1f2ccb64eda710669769
--- /dev/null
+++ b/reuters/test/17907
@@ -0,0 +1,22 @@
+STAD ROTTERDAM TAKES STAKE IN SWISS-OWNED INSURER
+  Dutch insurer Stad Rotterdam Anno 1720
+  N.V. <ASRN.AS> said from July 1 it will own 20 pct of the
+  shares of <Europeesche Verzekering Maatschappij N.V.>, a
+  fully-owned unit of Swiss insurer <Union
+  Rueckversicherungs-Gesellschaft>.
+      Stad Rotterdam chairman Lucas van Leeuwen told Reuters it
+  may raise its stake to a majority interest if the two companies
+  are found to be sufficiently compatible.
+      Van Leeuwen said that due partly to the fact Europeesche
+  made losses in 1985 and 1986, the 20 pct stake was obtained at
+  below the shares' intrinsic value. He gave no precise sum.
+      The Europeesche, which specialises in travel and recreation
+  insurance, had a premium income of 150 mln guilders in 1986.
+      Stad Rotterdam's premium income in 1986 was 1.17 billion
+  guilders, making it the fifth largest Dutch insurer.
+      Europeesche made a loss of nine mln guilders in 1985, which
+  narrowed to 4.5 mln guilders in 1986, van Leeuwen said.
+      He said the company was on course for independent recovery
+  and was expected to reduce its losses further in 1987.
+  
+
diff --git a/reuters/test/17911 b/reuters/test/17911
new file mode 100644
index 0000000000000000000000000000000000000000..dcdea2e845efe38cfd3abc6091fe5f43f20b5062
--- /dev/null
+++ b/reuters/test/17911
@@ -0,0 +1,36 @@
+DUFFOUR IGON GIVES BACKING TO AGA TAKEOVER BID
+  French industrial gas group <Duffour et
+  Igon> has decided to back the takeover bid by Swedish
+  industrial gases group Aga AB <AGA.ST>, ending a lengthy battle
+  between rival bidders from France, Spain and West Germany,
+  Duffour et Igon Chairman Jean Igon said.
+      The board agreed late last night to back the Aga bid and
+  advise its shareholders to accept the Swedish group's latest
+  offer of 4,410 francs per share, he told Reuters.
+      The other main bidders were Union Carbide Corp's <UK.>
+  French subsidiary <Union Carbide France> and West Germany's
+  Linde AG <LING.F>.
+      Aga topped rival bids for the gases distribution group in
+  May by raising its offer to 4,410 francs from 4,000 francs.
+      This was accepted by Spain's <Carburos Metalicos SA> which
+  sold Aga six pct of Duffour et Igon's stock and the right of
+  first refusal on the remaining nine pct of stock it holds. It
+  also won over the French Midi-Pyrenees development authority
+  which agreed to sell Aga its 20 pct stake in Duffour et Igon.
+      Under Aga's offer, shareholders can either accept a cash
+  bid or exchange one share in Duffour et Igon for one bond of a
+  nominal value of 4,410 francs with a 10 pct coupon issue by Aga
+  France SA. The bond issue is guaranteed by the parent Aga AB.
+      The takeover battle for the Toulouse-based company, which
+  controls eight pct of the French industrial gas distribution
+  market, began on April 2 with an offer of 2,100 francs per
+  share from Union Carbide France <UK>.
+      Aga's offer, which puts a price of 587 mln francs on the
+  company, closes on June 24 and the results will be announced on
+  July 21.
+      Duffour et Igon shares were quoted yesterday at 4,410
+  francs, with no buyers, after a series of suspensions during
+  the takeover tussle. They traded at 856 francs on January 9
+  before the first suspension.
+  
+
diff --git a/reuters/test/17913 b/reuters/test/17913
new file mode 100644
index 0000000000000000000000000000000000000000..1eb26199c736cbfb6ebcefaedf4208d32b0703c3
--- /dev/null
+++ b/reuters/test/17913
@@ -0,0 +1,23 @@
+SANTOS TO ACQUIRE TOTAL EXPLORATION AUSTRALIA
+  Santos Ltd <STOS.S> said it would buy
+  <Total Exploration Australia Pty Ltd> from <Total Holdings
+  (Australia) Pty Ltd, a wholly-owned subsidiary of Total-Cie
+  Francaise des Petroles <TPN.PA>.
+      Total Exploration had interests ranging from 18.75 to 25
+  pct in four blocks in permit ATP259P in south-west Queensland,
+  Santos said in a statement.
+      The Santos group stakes will rise to between 52.5 and 70
+  pct of the four ATP259P blocks as a result of the purchase. The
+  price was not disclosed.
+      Santos said a number of oil and gas fields have been
+  discovered in the Total Exploration areas and that it regards
+  them as having very good prospects for further discoveries.
+      Total's reserves amount to 75 billion cubic feet of gas and
+  5.5 mln barrels of oil and condensate, it said.
+      It said it will promote a vigorous exploration program in
+  the areas for the rest of 1987 and in the future.
+      The acquisition is the latest in a series by Santos as part
+  of a program to expand from its origins in the South Australian
+  Cooper Basin.
+  
+
diff --git a/reuters/test/17915 b/reuters/test/17915
new file mode 100644
index 0000000000000000000000000000000000000000..4c805215b10847a1a5513bab53bdfa7868f1b467
--- /dev/null
+++ b/reuters/test/17915
@@ -0,0 +1,80 @@
+POEHL LOOKS SET FOR EIGHT MORE YEARS AT BUNDESBANK
+  For currency dealers Karl Otto Poehl is
+  the scourge of speculators, for bankers he is the man who has
+  played a key role in shaping the world's financial destiny for
+  the last seven years, and for Germans he is the guardian of the
+  mark.
+      President of the powerful and independent West German
+  central bank, the Bundesbank, Poehl is likely to have his
+  contract renewed for another eight years when it expires at the
+  end of this year, government officials say.
+      (Index of economic spotlights, see page ECRA)
+      But no official announcement has yet been made, raising
+  eyebrows in West Germany's business community.
+      The ebullient Poehl spent seven years in Bonn in top
+  ministerial posts under the Social Democrats, now in
+  opposition, before he moved to the Bundesbank.
+      There has been speculation that Chancellor Helmut Kohl
+  would try to replace Poehl with a man closer to his own
+  Christian Democrats. But officials noted that Poehl has worked
+  closely and successfully with Finance Minister Gerhard
+  Stoltenberg since Kohl's government took office in 1982.
+      Poehl, the most senior central banker apart from Paul
+  Volcker of the United States, enjoys a strong international
+  reputation which it would take a newcomer years to build up.
+      Given these circumstances, Kohl will probably overlook
+  Poehl's past as an adviser to former Social Democrat Chancellor
+  Willy Brandt, and top aide to Helmut Schmidt when he was
+  Finance Minister, bankers said. It was Schmidt who, as
+  Chancellor, appointed Poehl to his present job in 1980.
+      In recent months, with the mark's strong rise against the
+  dollar, Poehl has made exchange rates the central concern of
+  the Bundesbank's council, a highly conservative institution
+  which has doggedly pursued monetary policies to prevent
+  inflation catching hold. Older Germans can remember two bouts
+  of galloping inflation this century.
+      But with consumer prices falling for much of 1986, and
+  inflation negligible so far this year, Poehl thinks it is safe
+  to relax the monetary reins a little and concentrate on the
+  dangers to the German economy of a bloated exchange rate.
+      "I am of the opinion that efforts to stabilise the
+  dollar/mark rate have reached a high priority, also for the
+  Bundesbank, because a further massive revaluation of the mark
+  would endanger the economy in West Germany," he told business
+  journalists in Frankfurt recently.
+      Ute Geipel, head of research at Citibank AG, says that
+  Poehl's reappointment would guarantee flexible monetary policy.
+      "Poehl's policy has always been a policy which does not
+  focus so rigidly on domestic factors, but also on the external
+  economy," she said.
+      An economist at a German bank, who declined to be
+  identified, said "If Poehl is confirmed in his post, it will
+  certainly be a plus for the pragmatic course which is not so
+  rigidly oriented towards money supply."
+      One of Poehl's great struggles recently has been to
+  persuade the United States to stop "talking down" the dollar. For
+  Poehl, the significance of the February Louvre Accord was that
+  the United States agreed to join efforts to stabilise
+  currencies.
+      The Louvre Accord was greeted with scepticism by currency
+  dealers who said they would soon put it to the test. But in
+  fact the dollar has been relatively stable since the pact.
+      "This is because the markets know - or perhaps because they
+  don't know - what the central banks can do," Poehl says of
+  intervention in currency markets which can quickly turn rates
+  round, making a speculator's position worthless.
+      Poehl was born in 1929 and worked as a financial journalist
+  in the 1960s before starting his ministerial career.
+      A relaxed sun-tanned figure who enjoys cracking jokes over
+  a glass of beer, he is hardly a stereotype central banker.
+      He is also a keen sportsman who likes to watch football and
+  play golf.
+      Poehl says currency market intervention cannot substitute
+  for correct economic policies if exchange rates are imbalanced.
+      "But you can achieve an enormous effect with a small amount
+  if you strike at the right moment," he said. Bundesbank dealers
+  are very professional and skilled. "They've burnt the fingers of
+  many people," he said. And unlike the speculators, Poehl notes,
+  the Bundesbank dealers usually make a profit.
+  
+
diff --git a/reuters/test/17916 b/reuters/test/17916
new file mode 100644
index 0000000000000000000000000000000000000000..d7100b562e6c9c1fa208627f038eed2956188af3
--- /dev/null
+++ b/reuters/test/17916
@@ -0,0 +1,7 @@
+FINLAND'S CURRENT ACCOUNT IN DEFICIT IN 1ST QTR
+  Finland's current account balance of
+  payments showed a deficit of 2.5 billion markka in first
+  quarter 1987 against a deficit of 3.2 billion in the same
+  period last year, the Bank of Finland said in a statement.
+  
+
diff --git a/reuters/test/17922 b/reuters/test/17922
new file mode 100644
index 0000000000000000000000000000000000000000..00324a97343ca378b78c063af161e31c3d61c429
--- /dev/null
+++ b/reuters/test/17922
@@ -0,0 +1,14 @@
+DE LA RUE RAISES ANNUAL PROFITS BY 12.7 PCT
+  Year ended March 31, 1987
+      Fin div 9.25p making 12p vs 10.74p
+      Shr 28.3p vs 27.5p
+      Pretax profit 55.63 mln stg vs 49.36 mln
+      Net 38.80 mln vs 33.64 mln
+      Turnover 444.10 mln vs 309.85 mln
+      Net interest payable 3.50 mln vs 3.79 mln
+      Profit share of related companies 7.62 mln vs 9.64 mln
+      Note - The De La Rue Co. Plc <DLAR.L> proposes to offer
+  ordinary shareholders the opportunity to receive their
+  dividends in the form of new shares as an alternative to cash.
+  
+
diff --git a/reuters/test/17923 b/reuters/test/17923
new file mode 100644
index 0000000000000000000000000000000000000000..6536e2a8c70b8482ce14f01bf5762c43efd68961
--- /dev/null
+++ b/reuters/test/17923
@@ -0,0 +1,73 @@
+CHINA SEEN UNLIKELY TO RAISE SUGAR IMPORTS
+  China will not increase sugar imports
+  substantially this year because of foreign exchange constraints
+  and large stocks, despite falling production and rising
+  domestic demand, traders and the official press said.
+      "Despite rapid increases in domestic production over the
+  last 30 years, imbalances between supply and demand continue to
+  be extremely serious," the Farmers Daily said. It said 1986
+  plantings fell due to removal of crop incentives, because
+  farmers could earn more from other crops and because technical
+  and seed improvements had not been widely disseminated.
+      The official press had estimated the 1986/87 sugar crop
+  (November/March) at 4.82 mln tonnes, down from 5.2 mln a year
+  earlier, and domestic consumption at six mln tonnes a year.
+      The Yunnan 1986/87 sugar harvest was a record 521,500
+  tonnes, the provincial daily said. It gave no year-earlier
+  figure. Output in Guangxi was 1.04 mln tonnes, the New China
+  News Agency said without giving a year-earlier figure.
+      The Nanfang Daily said production in Guangdong province
+  fell to estimated 1.92 mln tonnes from 1.96 mln and that the
+  area under sugar was dropping.
+      "Supply of cane (in Guangdong) is inadequate," the newspaper
+  said. Processing costs are rising and the economic situation of
+  nearly all the mills is not good. To guarantee supply of cane
+  is a major problem."
+      A Western diplomat said sugar output also fell n Fujian,
+  south China's fourth major producer, where there was a drop in
+  area planted.
+      He said the rural sectors in Guangdong and Fujian were wel
+  developed, enabling farmers to choose crops according to the
+  maximum return, meaning that many had avoided sugar.
+      The Farmers Daily said a peasant in the ortheast province
+  of Heilongjiang could gross 108 yuan from one mu (0.0667
+  hectares) of soybeans and 112 yuan from one mu of corn but only
+  70 from one mu of sugarbeet.
+      The paper said the profit margin of mills in China fell to
+  4.7 pct last year from 11.87 pct in 1980.
+      Mills lacked the capital to modernise and they competed
+  with each other for raw materialsX, it added. This resulted in
+  falling utilisation rates at big, mode{nised mills.
+      The price of sugar had not changed in 20 years, the
+  official press has said.
+      Customs figures showed China imported 1.18 mln tonnes of
+  sugar in calendar 1986, down from 1.9 mln in 1985.
+      The diplomat said stocks at end-August 1986 were 2.37 mln
+  tonnes, up from 1.92 a year earlier.
+      A foreign trader here said China accumulated large stocks
+  in 1982-85 when provincial authorities were allowed to import
+  sugar on their own authority. This practice was stopped in 1986
+  when the central government resumed control of imports.
+      "As China lacked storage, much of these imports was stored
+  in Qinghai, Inner Mongolia and other inland areas," the diplomat
+  said.
+      The trader said transporting stocks from these areas to
+  consumers in east and south China was a problem, particularly
+  as coal had priority. "How quickly they can move the sugar is
+  one factor determining import levels," he said.
+      Another factor was the quality of the harvest in Cuba,
+  China's major supplier through barter trade, he said.
+      "China bought two distress cargoes last week, for about
+  152/153 dlrs a tonne," he added. "China is not a desperate buyer
+  now. But if the Cuban harvest is bad, it will have to go into
+  the open market."
+      A Japanese trader said Peking's major concern regarding
+  imports was price.
+      "While the foreign trade situation has improved this year,
+  foreign exchange restraints persist," he said.
+      The diplomat said domestic demand was rising by about five
+  pct a year but "a communist government is in a much better
+  position to regulate demand than a capitalist one, if the
+  foreign exchange situation demands it."
+  
+
diff --git a/reuters/test/17924 b/reuters/test/17924
new file mode 100644
index 0000000000000000000000000000000000000000..489113f51c1fa3dafc1100e1615ea3525bc34f48
--- /dev/null
+++ b/reuters/test/17924
@@ -0,0 +1,14 @@
+UAE TRADE, CURRENT ACCOUNT SURPLUSES NARROW
+  The United Arab Emirates recorded a
+  1986 trade surplus of 12.2 billion dirhams, narrowing from 30.2
+  billion in 1985, the central bank's latest bulletin shows.
+      The central bank said the lower surplus was mainly due to
+  the decline in the value of exports and re-exports to 37.2
+  billion dirhams from 54.2 billion in 1985. This reflected the
+  decline in oil prices last year and difficulties in marketing
+  UAE oil, the central bank added.
+      The surplus on the current account narrowed to 6.8 billion
+  dirhams from 25.5 billion in 1985. The overall balance showed a
+  surplus of 4.8 billion after 2.6 billion in 1985.
+  
+
diff --git a/reuters/test/17925 b/reuters/test/17925
new file mode 100644
index 0000000000000000000000000000000000000000..e36cb434286af99e10fc3fb42561a136075a5530
--- /dev/null
+++ b/reuters/test/17925
@@ -0,0 +1,37 @@
+KUWAIT REJECTS IRANIAN SPY BOAT CHARGES
+  Kuwait, a target of Iranian anger over the
+  emirate's backing for Iraq in the Gulf war, today rejected
+  charges that fishing vessels seized recently by Iran were spy
+  boats.
+      "There are no bases of truth to the contents of the Iranian
+  accusation on the nature of the operations of the vessels
+  recently taken into custody by Iran. These vessels were out
+  fishing," the Foreign Ministry said in a statement.
+      It said Iranian Charge d'Affaires Mohammad Baqeri was
+  summoned by the Ministry yesterday to confer with Foreign
+  Undersecretary Suleiman Majed al-Shaheen.
+      The Iranian News Agency IRNA said on Sunday Iran had seized
+  seven Kuwaiti speed boats and detained their crew, who
+  confessed to spying for Iraq under the cover of fishing.
+      It said the boats were intercepted in the Khur Abdullah
+  waterway which separates Kuwait and Iraq's Faw peninsula at the
+  head of the Gulf, captured by Iran last year.
+      The Kuwaiti response came as Iranian envoys toured Gulf
+  Arab states saying responsibility for security and stability in
+  the waterway was a regional matter. A U.S. Senate team was
+  scheduled today to meet Kuwait's Crown Prince and Prime
+  Minister Sheikh Saad al-Abdulla al-Sabah and the defence and
+  oil ministers.
+      Today's Foreign Ministry statement, carried by the Kuwait
+  News Agency KUNA, said the recent detention of Kuwaiti fishing
+  vessels by Iran was not the first.
+      Tehran in the past had held back a number of vessels Kuwait
+  had sought to release through diplomatic contacts, it said.
+      "However, Kuwait is perplexed that this time the Iranian
+  charges are accompanied by accusations that the vessels were
+  undertaking espionage activities," it said.
+      Shaheen condemned the detentions and accusations, and asked
+  Tehran to free all fishing boats and sailors held by Iran, the
+  statement said.
+  
+
diff --git a/reuters/test/17926 b/reuters/test/17926
new file mode 100644
index 0000000000000000000000000000000000000000..65f240bdafb2577a73cd7ef1c12292e10c57d4fd
--- /dev/null
+++ b/reuters/test/17926
@@ -0,0 +1,14 @@
+UAE TRADE, CURRENT ACCOUNT SURPLUSES NARROW
+  The United Arab Emirates (UAE) recorded
+  a 1986 trade surplus of 12.2 billion dirhams, narrowing from
+  30.2 billion in 1985, the central bank's latest bulletin shows.
+      The central bank said the lower surplus was mainly due to
+  the decline in the value of exports and reexports to 37.2
+  billion dirhams from 54.2 billion in 1985. This reflected the
+  decline in oil prices last year and difficulties in marketing
+  UAE oil, the central bank added.
+      The surplus on the current account narrowed to 6.8 billion
+  dirhams from 25.5 billion in 1985. The overall balance showed a
+  surplus of 4.8 billion after 2.6 billion in 1985.
+  
+
diff --git a/reuters/test/17927 b/reuters/test/17927
new file mode 100644
index 0000000000000000000000000000000000000000..85b7a42410ed1c84bbd7e19f11f40e6d04fbdb91
--- /dev/null
+++ b/reuters/test/17927
@@ -0,0 +1,16 @@
+BP CUTS NORTH SEA PROPANE PRICE, BUTANE UNCHANGED
+  British Petroleum LP Gas International
+  said it cut its North Sea LPG (Liquified Petroleum Gas) posted
+  price for propane to 95 dlrs from 110 dlrs a tonne, effective
+  June 1.
+      The move follows a similar cut to 92 from 108 dlrs a tonne
+  announced by Shell U.K. Ltd Friday, also fob North Sea
+  terminals and effective June 1 until further notice. Both
+  companies left their butane prices unchanged at 123 dlrs a
+  tonne.
+      A BP statement said its cut came "as a result of a price
+  review occasioned by substantial changes in the LPG market." BP
+  last lowered its posted propane price from 175 dlrs a tonne on
+  March 1, and Shell U.K.'s last change was from 113 dlrs May 1.
+  
+
diff --git a/reuters/test/17929 b/reuters/test/17929
new file mode 100644
index 0000000000000000000000000000000000000000..f1213da4baa07fc8d787a77903f4d38b3bce18b5
--- /dev/null
+++ b/reuters/test/17929
@@ -0,0 +1,23 @@
+SAUDI ARABIA WILL NOT AGREE "MAD" OIL PRICE RISE
+  Saudi Arabia's Oil Minister Hisham Nazer
+  said Riyadh would not agree to a cut in oil prices and would
+  not accept a "mad" increase that would drive consumers away.
+      He told al-Riyadh newspaper, "Saudi Arabia follows a
+  balanced petroleum policy. It does not approve of a decrease in
+  prices from current levels and it also does not accept a mad
+  increase that would drive consumers away and make them try and
+  find alternative sources (for energy)."
+      OPEC agreed last December to cut production after world
+  prices hit new lows in 1986. They agreed on a pricing system
+  aimed to stabilise the market around 18 dlrs a barrel.
+      OPEC is scheduled to meet in Vienna on June 25, where it
+  will review its current oil price and production policy.
+      Saudi Arabia's King Fahd said last month that he wanted oil
+  prices to remain stable for the next two years.
+      Saudi Arabia is the architect of the current pricing and
+  production pact, which is backed by Kuwait and the UAE. The
+  current pact set a production ceiling for first half 1987 of
+  15.8 mln bpd, and implemented fixed prices based on an 18 dlrs
+  a barrel average.
+  
+
diff --git a/reuters/test/17930 b/reuters/test/17930
new file mode 100644
index 0000000000000000000000000000000000000000..53410f86b748bf4612fe07b91c9a6860af09cba3
--- /dev/null
+++ b/reuters/test/17930
@@ -0,0 +1,51 @@
+TAIWAN CURBS INFLOWS OF FOREIGN EXCHANGE
+  Taiwan's central bank announced that as
+  from today the overseas foreign exchange borrowings of local
+  and foreign banks would be frozen at the level they reached at
+  the end of May.
+      The central bank's statement added that the measure would
+  be effective until the end of July.
+      Bankers said the measure is designed to curb the inflow of
+  foreign exchange and slow the growth of money supply. They
+  added that the move, which sparked a record single day plunge
+  of the local stock market, would limit their ability to lend
+  foreign exchange to importers and exporters.
+      Foreign exchange borrowings by local and foreign banks
+  reached almost 12 billion U.S. Dlrs by the end of April,
+  according to official statistics.
+      Last week the central bank said that from today it would
+  reduce its purchase of forward U.S. Dollars from banks to 40
+  pct from 90 pct of the value of the contract. It said the move
+  was needed because of "distortions" in the foreign exchange
+  market.
+      Exporters, nervous about the appreciating Taiwan dollar,
+  have been heavily selling forward U.S. Dollars on the interbank
+  market to avoid exchange rate losses.
+      Official figures show that forward U.S. Dollar sales in May
+  reached a record of almost six billion U.S. Dlrs against 5.9
+  billion in April.
+      All Taiwan's foreign exchange earnings must be converted
+  into local dollars, boosting money supply at a time of booming
+  exports. Money supply rose a seasonally adjusted 51.86 pct in
+  the year to end-April, raising fears of higher inflation.
+      In March the central bank clamped tight restrictions on
+  remittances of foreign exchange by companies and individuals to
+  Taiwan in a move to curb inflows of speculative money.
+      Economists and bankers estimate that the rising value of
+  the local dollar has attracted about ten billion U.S. Dlrs of
+  speculative money into Taiwan since early last year. It has
+  flowed in mainly from Hong Kong, Japan and the U.S..
+      Since September 1985 the Taiwan dollar has risen by about
+  22 pct against the U.S. Dollar.
+      Bankers said the government's efforts to stabilise the
+  foreign exchange market were a prelude to lifting all curbs on
+  capital outflows. The central bank has said the controls will
+  be dropped by the end of July or early August.
+      Foreign exchange dealers said today's announcement caused
+  jitters in the market with foreign and local banks making heavy
+  purchases of U.S. Dollars. They said the central bank sold
+  about 30 mln U.S. Dlrs.
+      Taiwan's stock market plunged a record 75.53 points to
+  close at 1,803.08.
+  
+
diff --git a/reuters/test/17932 b/reuters/test/17932
new file mode 100644
index 0000000000000000000000000000000000000000..1d0a09604e911d2bfe05e26ccbc916663b63bfb4
--- /dev/null
+++ b/reuters/test/17932
@@ -0,0 +1,5 @@
+U.K. RESERVES RISE UNDERLYING 4.8 BILLION DLRS IN MAY, (2.9 BILLION APRIL) - OFFICIAL
+
+  U.K. RESERVES RISE UNDERLYING 4.8 BILLION DLRS IN MAY, (2.9 BILLION APRIL) - OFFICIAL
+  
+
diff --git a/reuters/test/17933 b/reuters/test/17933
new file mode 100644
index 0000000000000000000000000000000000000000..4ad1faba841ec409f746ea0e9cf6f525755ea6ae
--- /dev/null
+++ b/reuters/test/17933
@@ -0,0 +1,25 @@
+U.K. RESERVES SHOW RECORD UNDERLYING RISE IN MAY
+  Britain's gold and currency reserves rose
+  a record underlying 4.76 billion dlrs in May, following April's
+  2.9 billion dlrs increase, the Treasury said.
+      The underlying trend indicates the level of recent Bank of
+  England intervention on currency markets to curb sterling's
+  strength. It was above market expectations which had been for a
+  rise of between one billion and three billion dlrs.
+      The Treasury declined comment on the figures.
+      Actual reserves rose 4.87 billion dlrs in May, compared
+  with April's 2.8 billion increase, to a total value of 34.68
+  billion dlrs, compared with 29.81 billion at the end of April.
+      Borrowings under the exchange cover scheme were 238 mln
+  dlrs, against April's 66 mln. Repayments under the scheme were
+  85 mln dlrs, after 90 mln previously, with capital repayments
+  of eight mln, after three mln last month.
+      Repayments of government debt amounted to 33 mln dlrs.
+      The underlying reserves increase is net of borrowings and
+  repayments.
+      It was larger than the previous record 3.04 billion dlrs
+  rise seen in October 1977. The May increase represents the
+  seventh monthly rise, with reserves up 9.947 billion dlrs in
+  that period, and up 9.816 billion since the start of 1987.
+  
+
diff --git a/reuters/test/17939 b/reuters/test/17939
new file mode 100644
index 0000000000000000000000000000000000000000..848eed2eab3b94deb2bbe9885e66aea2f00175a5
--- /dev/null
+++ b/reuters/test/17939
@@ -0,0 +1,5 @@
+Nakasone, Sumita agree discount rate cut not appropriate now - central bank sources
+
+  Nakasone, Sumita agree discount rate cut not appropriate now - central bank sources
+  
+
diff --git a/reuters/test/17943 b/reuters/test/17943
new file mode 100644
index 0000000000000000000000000000000000000000..4d7c27264edba4a90eeb2c6c496e1e88d17b1876
--- /dev/null
+++ b/reuters/test/17943
@@ -0,0 +1,16 @@
+NAKASONE, SUMITA AGREE RATE CUT NOT APPROPRIATE
+  Prime Minister Yasuhiro Nakasone today
+  agreed with Bank of Japan governor Satoshi Sumita that a
+  further cut in the discount rate was not appropriate at
+  present, central bank sources said.
+      They told Reuters the two discussed the subject at a
+  routine meeting.
+      Sumita told Nakasone he did not feel a rate cut was
+  appropriate and Nakasone expressed his understanding, the
+  sources said.
+      Currency dealers have speculated that Japan and West
+  Germany might come under pressure at next week's Venice summit
+  to cut interest rates to boost their economies.
+      Nakasone, but not Sumita, is due to attend the summit.
+  
+
diff --git a/reuters/test/17948 b/reuters/test/17948
new file mode 100644
index 0000000000000000000000000000000000000000..d81cb802615f3922c027b4005bd91018ba11bdd4
--- /dev/null
+++ b/reuters/test/17948
@@ -0,0 +1,22 @@
+JAPAN CONCERNED AT EC TRADE THREATS - MINISTER
+  Japan is disappointed at the recent threats
+  of trade retaliation from the European Community (EC) just as
+  the trade situation between the two is improving, Japanese
+  Trade and Industry Minister Hajime Tamura said.
+      "I am deeply concerned that the EC has moved to take a
+  harsher line toward Japan despite this tangible improvement," he
+  said in a speech prepared for delivery at the opening of a new
+  centre designed to improve understanding between the two sides.
+      Last week, foreign ministers of the 12 EC nations agreed to
+  impose tariffs on a range of unspecified Japanese electrical
+  goods unless Tokyo opened its markets more to EC exports.
+      Tamura referred to a 55 pct rise in Japanese imports of EC
+  manufactured goods in the year ended March 31.
+      "I feel this is a strong step on the road to balance through
+  expansion."
+      "While I do not deny the existence of the trade deficit
+  between Japan and the EC, I believe it should be rectified not
+  by reducing trade through import restrictions or export
+  restraints, but by expanding the (overall) trade," Tamura said.
+  
+
diff --git a/reuters/test/17950 b/reuters/test/17950
new file mode 100644
index 0000000000000000000000000000000000000000..ecc6ab3898cf9359581907af375d470e2e9d9593
--- /dev/null
+++ b/reuters/test/17950
@@ -0,0 +1,25 @@
+GLYNWED BUYS GALLAHER UNITS FOR AROUND 14 MLN STG
+  Glynwed International Plc <GLYN.L> said it
+  had bought all the issued shares of two companies belonging to
+  Gallaher Ltd, a subsidiary of American Brands Inc <AMB>, in a
+  deal worth around 14 mln stg.
+      The full names of the companies purchased from Gallaher are
+  <Formatura Iniezione Polimeri Spa>, Genoa and <FIP U.K. Ltd>,
+  Weybridge.
+      Consideration for the purchases, which will be based on the
+  net asset values per share of the companies, has yet to be
+  finalised but some nine mln stg of the total represents debt
+  assumed by Glynwed.
+      FIP is a manufacturer of valves and other pressure pipe
+  fittings in thermoplastics. Its products are complementary to
+  those of Glynwed subsidiaries, Durapipe U.K. And Philmac.
+      The acquisitions appreciably develop and strengthen
+  Glynwed's strategic position in the thermoplastic pipework
+  systems market.
+      The sale by Gallaher reflects a decision to dispose of more
+  peripheral businesses. Proceeds of the sale will be used in the
+  continuing expansion of the Gallaher group. Glynwed shares were
+  up 5p to 494 after the announcement. Gallaher is not quoted on
+  the London Stock Exchange.
+  
+
diff --git a/reuters/test/17952 b/reuters/test/17952
new file mode 100644
index 0000000000000000000000000000000000000000..bb5905e5660e0ed7f0fd65f442878498bf0efeb1
--- /dev/null
+++ b/reuters/test/17952
@@ -0,0 +1,34 @@
+KUWAITI DINAR RATES FIRM, AID WINDOW OPEN
+  Interest rates on Kuwaiti dinar deposits
+  held firm in scattered trading despite a Central Bank decision
+  to revive limited funding lines, dealers said.
+      The Central Bank, which last Tuesday shut a daily aid
+  window through which it lent funds of up to one year, reopened
+  the facility for three month money, which was available at
+  seven pct, they said.
+      It offered one month funds at seven pct through swap
+  facilities, dealers said.
+      Today's Central Bank action, combined with sales of dollars
+  by some banks, helped ease a recent credit squeeze engineered
+  by the monetary authority to stem a rush for the U.S. Currency
+  arising from attractive U.S. Interest rates and Gulf tension,
+  dealers said.
+      However, as one dealer noted: "The market is still
+  unsettled."
+      Overnight funds, bid at 20 pct at the outset of business,
+  traded up to 30 pct before easing as liquidity dragged offers
+  down to 10 pct by the close. Tomorrow-next, for which buy/sell
+  quotes started at 30, 20 pct, ended at 14, eight.
+      Spot-next was indicated at 8-1/2, seven after opening bids
+  of 10. Dealers quoted one-week at eight, seven against an early
+  9-1/2, 7-1/2.
+      One month rates were at the same level after trade at eight
+  then 8-1/2. Dealers quoted three months at seven, 6-3/4 pct and
+  six-month to one year funds at seven, six pct. They reported
+  offshore offers of overnight at 10, tomorrow-next at eight and
+  one year at 6-1/2 pct towards the close.
+       The Central Bank fixed its dinar exchange rate steady at
+  0.27933/67 to the dollar, against yesterday's 0.27939/73. The
+  spot dinar was 0.27930/40.
+  
+
diff --git a/reuters/test/17955 b/reuters/test/17955
new file mode 100644
index 0000000000000000000000000000000000000000..b3bd25d185e8bd47c9147ce854c92bcd6f3a9382
--- /dev/null
+++ b/reuters/test/17955
@@ -0,0 +1,10 @@
+SHIP PREPARES TO LOAD WHEAT FOR FIJI AT GEELONG
+  The French ship Capitaine Wallis, 13,847
+  dwt, berthed at the port of Geelong in Victoria today to load
+  8,000 tonnes of urgently needed wheat for Fiji after Australian
+  port unions partly lifted a trade embargo, shipping sources
+  said.
+      The wheat is expected to be loaded tomorrow, an Australian
+  Wheat Board spokesman said.
+  
+
diff --git a/reuters/test/17956 b/reuters/test/17956
new file mode 100644
index 0000000000000000000000000000000000000000..fe7105f9a7d4c56f2aa45c119e194318fecbc57b
--- /dev/null
+++ b/reuters/test/17956
@@ -0,0 +1,25 @@
+BOEING <BA> STARTS ARGOSYSTEMS <ARGI.O> BID
+  Boeing co said it has started the 37 dlr
+  per share tender offer for all shares of ARGOSystems Inc that
+  it announced yesterday morning.
+      In a newspaper advertisement, the company said the offer,
+  withdrawal rights and proration deadline all expire June 30
+  unless extended.
+      The offer is not conditioned on receipt of any minimum
+  number of shares, Boeing said.  If at least 90 pct of
+  ARGOSystems' shares are tendered, it said it will buy all
+  shares, but if less than 90 pct are tendered, it said it plans
+  to buy only 49 pct in the offer.
+      Boeing said if less than 90 pct of ARGOSystems' shares are
+  tendered, but the purchase of all shares tendered along with
+  the exercise of options it holds would give it over 90 pct of
+  ARGOSystems, Boeing may buy all shares tendered.
+      ARGOSystems has granted Boeing an option to buy up to
+  1,238,311 new shares or a 15.6 pct interest at 37 dlrs each,
+  and shareholders have granted Boeing an option to purchase up
+  to 597,885 shares at the same price, or about 8.9 pct of those
+  now outstanding, without taking the company option into
+  consideration.  A merger at the tender price that has been
+  approved by the ARGOSystems board is to follow the offer.
+  
+
diff --git a/reuters/test/17957 b/reuters/test/17957
new file mode 100644
index 0000000000000000000000000000000000000000..46f647e6070b87d713f3b83f822d420dffea3ef8
--- /dev/null
+++ b/reuters/test/17957
@@ -0,0 +1,11 @@
+DUMEZ HAS 478,125 UNITED WESTBURNE<UWI.TO>SHARES
+  Dumez Investments Inc said it is
+  accepting and paying for 478,125 shares of United Westburne
+  Industries Ltd in response to its 25 dlr per share tender offer
+  and it has extended the offer until June 26.
+      Dumez, 70 pct owned by Dumez SA <DUMP.PA> and 30 pct by
+  Unicorp Canada Corp <UNIA.TO>, said the 478,125 shares
+  represent 81.6 pct of those not controlled by Westburne
+  International Ltd, which Dumez previously acquired in a tender.
+  
+
diff --git a/reuters/test/17958 b/reuters/test/17958
new file mode 100644
index 0000000000000000000000000000000000000000..0b5b2c57e015058d0d2495c78350b61094d49554
--- /dev/null
+++ b/reuters/test/17958
@@ -0,0 +1,13 @@
+ITALY'S AGIP PETROLI BUYS STAKE IN U.S. COMPANY
+  State oil firm Agip Petroli Spa said it has
+  acquired a 50 pct stake in Steuart Petroleum Co, an independent
+  U.S. Oil products company. Financial terms were not disclosed.
+      Agip Petroli, a subsidiary of state energy concern Ente
+  Nazionali Idrocarburi, said in a statement that the remaining
+  50 pct of the U.S. Firm is owned by Steuart Investment Co, a
+  holding company that also operates in the sectors of
+  transportation, hotels and insurance.
+      The Italian firm said Steuart Petroleum operates primarily
+  on the East Coast.
+  
+
diff --git a/reuters/test/17960 b/reuters/test/17960
new file mode 100644
index 0000000000000000000000000000000000000000..1c369e05d67468265b29dcc2655563fc8927f885
--- /dev/null
+++ b/reuters/test/17960
@@ -0,0 +1,19 @@
+CAROLCO <CRC> MAY BID FOR LIEBERMAN <LMAN.O>
+  Lieberman Enterprises Inc said
+  Carolco Pictures Inc is negotiating for the acquisition of the
+  50 pct of Lieberman shares held by the families of chairman
+  David Lieberman and president Harold Okinow at 20.50 dlrs each,
+  and if the deal were concluded, public shareholders would be
+  offered the same price for their shares.
+      Lieberman said the Carolco bid to its public shareholders
+  would be in cash or shareholders could be offered securities as
+  an alternative. The offer would occur within about 90 days
+  after the closing of the sale of the initial 50 pct stake, the
+  company said.
+      The company said a final agreement has not yet been reached
+  on the first transaction, but negotiations are expected to be
+  concluded in early June. Present management is expected to
+  continue to operate Lieberman, the company said. Lieberman
+  distributes prerecorded music, video movies and other products.
+  
+
diff --git a/reuters/test/17962 b/reuters/test/17962
new file mode 100644
index 0000000000000000000000000000000000000000..0583d35bef78415b242eddb376bae1ae8da6dfb8
--- /dev/null
+++ b/reuters/test/17962
@@ -0,0 +1,21 @@
+BOMB THREATS, STRIKES AS FIJI SEES END TRADE BAN
+  Fiji today welcomed the ending of a trade
+  ban imposed by Australian labor unions as supporters of the
+  country's ousted prime minister Timoci Bavadra renewed pressure
+  for his reinstatement with strikes and shop closures.
+      The government welcomed a decision by the Australian
+  Waterside Workers' Federation to lift its ban on shipments to
+  Fiji, imposed in support of Bavadra, whose newly-elected
+  government was overthrown in a military coup on May 14.
+      The ban had threatened food shortages of imported wheat,
+  fresh vegetables and medicines. A direct result of the union
+  decision would be the immediate shipment of 9,000 tons of rice
+  and wheat from an Australian port, the government said.
+      Shops in Nadi and Lautoka, center of the country's sugar
+  industry, closed again today in support of Bavadra.
+      In Nadi two bomb threats forced evacuation of the
+  Australian Westpac bank, but police said they turned out to be
+  a hoax. Bavadra has launched a campaign of civil disobedience
+  to press for his reinstatement.
+  
+
diff --git a/reuters/test/17963 b/reuters/test/17963
new file mode 100644
index 0000000000000000000000000000000000000000..6178845f8004190872e483fde6135eb58f844105
--- /dev/null
+++ b/reuters/test/17963
@@ -0,0 +1,24 @@
+SAUDI ARABIA OPPOSES DRASTIC CHANGE IN OIL PRICE
+  Saudi Arabia's Oil Minister Hisham Nazer
+  said Riyadh would not agree to a cut in oil prices and would
+  not accept a "mad" increase that would drive consumers away.
+      He told al-Riyadh newspaper, "Saudi Arabia follows a
+  balanced petroleum policy. It does not approve of a decrease in
+  prices from current levels and it also does not accept a mad
+  increase that would drive consumers away and make them try and
+  find alternative sources (for energy)."
+      OPEC agreed last December to cut production after world
+  prices hit new lows in 1986. They agreed on a pricing system
+  aimed to stabilize the market around 18 dlrs a barrel.
+  
+      OPEC is scheduled to meet in Vienna on June 25, where it
+  will review its current oil price and production policy.
+      Saudi Arabia's King Fahd said last month that he wanted oil
+  prices to remain stable for the next two years.
+      Saudi Arabia is the architect of the current pricing and
+  production pact, which is backed by Kuwait and the UAE. The
+  current pact set a production ceiling for first half 1987 of
+  15.8 mln bpd, and implemented fixed prices based on an 18 dlrs
+  a barrel average.
+  
+
diff --git a/reuters/test/17964 b/reuters/test/17964
new file mode 100644
index 0000000000000000000000000000000000000000..ac09ff3d9a3042490c214135fcdf3163a7fa9110
--- /dev/null
+++ b/reuters/test/17964
@@ -0,0 +1,24 @@
+HANSON TRUST SHOWS SHARPLY HIGHER HALF-YEAR PROFIT
+  Six months ended March 31, 1987
+      Share 6.0p vs 4.1p, diluted
+      Interim dividend 1.4p vs 1.05p
+      Pre-tax profit 312 mln stg vs 158 mln
+      Net profit 234 mln vs 114 mln
+      Sales 3.47 billion vs 1.55 billion
+      Operating profit 296 mln vs 164 mln
+      Interest and other income less central expenses credit 16
+  mln vs debit six mln
+      Company's full name is Hanson Trust Plc <HNSN.L>.
+      U.K. Operating profit by sector -
+      Consumer goods 123 mln stg vs 32 mln
+      Building products 31 mln vs 26 mln
+      Industrial 14 mln vs same
+      Food 20 mln vs nil.
+      U.S. Sectors -
+      Consumer goods 25 mln stg vs 20 mln
+      Building products 29 mln vs 25 mln
+      Food seven mln vs two mln
+      Businesses owned in 1986 and sold during 1987 nil vs nine
+  mln.
+  
+
diff --git a/reuters/test/17965 b/reuters/test/17965
new file mode 100644
index 0000000000000000000000000000000000000000..859faa80e044a0dba08f94d65223cf4a8a0e69f8
--- /dev/null
+++ b/reuters/test/17965
@@ -0,0 +1,29 @@
+HARNISCHFEGER INDUSTRIES INC <HPH> 2ND QTR NET
+  April 30 end
+      Oper shr 20 cts vs 19 cts
+      Oper net 4,625,000 vs 6,781,000
+      Sales 250.2 mln vs 150.9 mln
+      Orders 351.5 mln vs 122.5 mln
+      1st half
+      Oper shr 29 cts vs 26 cts
+      Oper net 7,453,000 vs 12.0 mln
+      Sales 441.1 mln vs 255.6 mln
+      Orders 576.6 mln vs 221.1 mln
+      Backlog 848.3 mln vs 459.2 mln
+      NOTE: Prior year net excludes losses from discontinued
+  operations of 32.9 mln dlrs in quarter and 35.7 mln dlrs in
+  half.
+      Net excludes tax credit 2,540,000 dlrs vs credit reversal
+  2,300,000 dlrs in quarter, credit 5,500,000 dlrs vs nil half.
+      Results include Syscom Corp from December 30, 1986 purchase
+  and Beloit Corp from March 31, 1986 purchase.  Orders exclude
+  253.6 mln dlrs acquired with Syscon acquisition.
+      Backlog at January 31 747 mln dlrs.
+      Average shares 21.5 mln vs 13.3 mln in quarter and 18.9 mln
+  vs 13.3 mln in half.
+      Income tax provisions 2,200,000 dlrs vs 3,450,000 dlrs in
+  quarter and 6,200,000 dlrs vs 7,225,000 dlrs in half.  Current
+  quarter tax rate of 27.5 pct benefited from Wisconsin
+  Department of Revenue Decision, the company said.
+  
+
diff --git a/reuters/test/17966 b/reuters/test/17966
new file mode 100644
index 0000000000000000000000000000000000000000..027084919eebcf882f1fb531e4bafe83434f836f
--- /dev/null
+++ b/reuters/test/17966
@@ -0,0 +1,80 @@
+U.K. RESERVES LIFT HOPES OF FURTHER BASE RATE CUT
+  The record 4.9 billion dlrs rise in U.K.
+  Reserves in May to a total 34.7 billion has lifted hopes for a
+  further cut in bank base lending rates after the June 11
+  general election, market analysts said.
+      Sterling would have risen on the much better than expected
+  number but for market nerves about the poll outcome, they said.
+      But the weight of foreign currency and gold reserves now
+  available to the authorities to support the pound should curb
+  any market tendency to panic if U.K. Opinion polls show the
+  ruling Conservative Party's lead slipping, they added.
+      "We have been intervening to a very much greater extent than
+  we have done hitherto," Chancellor of the Exchequer Nigel Lawson
+  said at a news conference today, commenting on the news of the
+  record reserves rise.
+      He put the U.K. Intervention in the context of the Louvre
+  accord between leading industrial nations to stabilise the
+  dollar, partly through direct intervention on foreign
+  exchanges. "We have been playing a very full part ourselves," he
+  said.
+      But market analysts see the recent upward pressure on
+  sterling, and consequent need for official sales to damp down
+  its rise, more in the light of local factors.
+      Steven Bell, chief economist at Morgan Grenfell Securities,
+  said that corporate money has been flowing back into Britain
+  amid hopes of another Conservative government, after fears last
+  autumn of a Labour election victory sent it flooding out.
+      U.K. Portfolio investment is also returning, while foreign
+  buyers see U.K. Growth propects and high bond yields as
+  attractive. They will be strong buyers of U.K. Assets, notably
+  equities, once the election is out of the way, Bell said.
+      Analysts see this pressure as the main hope for lower
+  interest rates, as the government is expected to try to reverse
+  the loss of export competitiveness caused by a strong pound.
+      Today, however, the pound hardly moved on the reserves
+  news, dipping on its trade-weighted index against a basket of
+  currencies from 73.1 pct of its 1975 value at 1000 GMT to 73.0
+  pct at 1100 GMT, half an hour after the figures were released.
+      "The market doesn't want to do anything because of the
+  election," commented an economist at a big U.S. Investment bank.
+      Several dealers and analysts added that market forecasts of
+  a rise in reserves of between one and three billion dlrs had
+  overestimated the amount of pound sales that were likely to
+  have been disguised by swap arrangements or transactions on the
+  forward market.
+      The market also seemed to have overestimated the amount of
+  sterling the Bank of England bought at the end of May to smooth
+  the pound's sudden downturn, while some of the intervention
+  reported in May probably occurred in April, they said.
+      The key three months interbank money market rates eased
+  about 1/8 point, reflecting cautious hopes that the downtrend
+  in U.K. Interest rates will be revived following the reserves
+  news, analysts said.
+      Government bond prices initially firmed, but the market was
+  muted as traders worried about the funding implications of
+  another huge rise in reserves, they added.
+      Morgan Grenfell's Bell forecast a half point base rate cut
+  from the current nine pct level soon after the election, so
+  long as poll projections of another Conservative victory prove
+  accurate, with another half point later.
+      Justin Silverton, equity economist at Credit Suisse
+  Buckmaster and Moore, said a full point reduction might be
+  possible. "Sterling will be held down by interest rate cuts in
+  future, rather than this active intervention," he predicted.
+      Kevin Boakes of Greenwell Montagu Gilt-Edged cautioned
+  against over-optimistic forecasts, but agreed a half point cut
+  looked likely.
+      A cut before the election has been virtually ruled out.
+      "The Bank (of England) is both worried about the political
+  problem of cutting rates during an election campaign ... And
+  has signalled some worry about broad money (growth)," said Robin
+  Marshall, chief U.K. Economist at Chase Manhattan Securities.
+      He said the 10 billion dlrs increase in total reserves in
+  the past seven months may foreshadow full U.K. Entry into the
+  European Monetary System.
+      But Bell said the authorities would like to see another 10
+  or 15 billion dlrs in the reserves before joining, if they did
+  so. But, unlike many analysts, he doubted the U.K. Will go in.
+  
+
diff --git a/reuters/test/17967 b/reuters/test/17967
new file mode 100644
index 0000000000000000000000000000000000000000..8b0da3937e0df70f9ab05dc8b339e52a4e030525
--- /dev/null
+++ b/reuters/test/17967
@@ -0,0 +1,11 @@
+SEAL INC <SINC.O> 2ND QTR APRIL 30 NET
+  Shr profit 29 cts vs loss six cts
+      Net profit 645,000 vs loss 118,000
+      Sales 7,802,000 vs 4,330,000
+      1st half
+      Shr profit 58 cts vs profit 10 cts
+      Net profit 1,255,000 vs profit 212,000
+      Sales 14.5 mln vs 8,912,000
+      Avg shrs 2,183,150 vs 2,072,779
+  
+
diff --git a/reuters/test/17968 b/reuters/test/17968
new file mode 100644
index 0000000000000000000000000000000000000000..40d886d998bb5a7ad057abdfa5da93453c2ed4a1
--- /dev/null
+++ b/reuters/test/17968
@@ -0,0 +1,13 @@
+ENI UNIT AGIP PETROLI BUYS STAKE IN U.S. COMPANY
+  A subsidiary of state energy concern Ente
+  Nazionali Idrocarburi <ENTN.MI> (ENI) said it has acquired a 50
+  pct stake in <Steuart Petroleum Co>, an independent U.S. Oil
+  products company. Financial terms were not disclosed.
+      Agip Petroli Spa said in a statement that the remaining 50
+  pct of the U.S. Firm is owned by <Steuart Investment Co>, a
+  holding company which also has interests transportation, hotels
+  and insurance.
+      The Italian firm said Steuart Petroleum operates primarily
+  on the East Coast of the U.S.
+  
+
diff --git a/reuters/test/17970 b/reuters/test/17970
new file mode 100644
index 0000000000000000000000000000000000000000..8181b40abbb2bb2bbfc21037f6d5e09d8d6edf5a
--- /dev/null
+++ b/reuters/test/17970
@@ -0,0 +1,81 @@
+S.AFRICA EXPECTED TO UNVEIL EXPANSIONARY BUDGET
+  South Africa is expected to unveil
+  tomorrow an expansionary budget for the second consecutive year
+  in a bid to boost the nation's flagging economic growth rate,
+  economic analysts said.
+      Faced with competing demands for increased military and
+  police spending and the pressing need for more funds for black
+  housing and education, Finance Minister Barend Du Plessis is
+  expected to raise significantly the government's overall
+  expenditure targets when he presents the budget to parliament,
+  the analysts said.
+      Analysts expect Du Plessis to provide for a rise in state
+  spending at least equal to the 16 pct inflation rate for the
+  financial year that started on April 1, while ignoring pleas
+  from the private sector to stimulate growth by cutting taxes.
+      "Fiscal policy has become gradually more expansionary, but
+  simply raising government spending and increasing the budget
+  deficit is an inflationary form of stimulation," said Rob Lee,
+  chief economist at South African Mutual Life Assurance Co.
+      South Africa this year is targeting inflation-adjusted
+  growth in GDP of three pct against an increase last year of
+  less than one pct.
+      Growth in GDP over the past decade has averaged about 1.5
+  pct, while the unemployment rate among blacks has spiralled to
+  over 30 pct.
+      Economists estimate that the government's spending target
+  will rise to about 47 billion rand, with revenue budgeted at
+  around 40 billion rand. This would leave a budget deficit
+  before borrowing of about seven billion rand, or four pct of
+  GDP.
+      The government, having consistently overshot its own
+  spending targets for more than a decade, also faces a
+  credibility crisis over expenditure figures outlined in the
+  budget, analysts said.
+      "The budget is invariably too optimistic on expenditure,"
+  said Standard Bank Ltd in a budget preview.
+      Many analysts in the private sector are now paying less
+  attention to the figures presented in the budget and are using
+  their own estimates of expenditure to draw conclusions for the
+  money and capital markets.
+      South African Mutual's Lee believes government spending
+  will again exceed the budget target and increase to around 49
+  billion rand this year, leaving a deficit of between 5 and 5.5
+  pct of GDP, compared with a three pct limit suggested by the
+  IMF.
+      "The IMF limit is obviously going to be abandoned," predicted
+  one analyst, noting that South Africa has moved steadily away
+  from austerity measures recommended by the IMF over the past
+  two years.
+      The policy shift followed a dramatic deterioration in the
+  political situation and the onset of an economic crisis
+  triggered by the refusal of major foreign banks to roll over
+  loans to the country in September 1985.
+      Against a background of Western economic sanctions, falling
+  per capita incomes, rising joblessness and high inflation,
+  government officials say economic growth is the prime
+  objective.
+      But private-sector economists caution that the government's
+  ability to promote growth by boosting state spending is
+  constrained by the need to maintain a large surplus on the
+  current account of the country's balance of payments.
+      Most of that surplus, this year estimated at around 2.5
+  billion dlrs, will be swallowed up by repayments on the
+  nation's estimated 23 billion dlr foreign debt in terms of an
+  arrangement reached earlier this year with major international
+  creditor banks.
+      Within these constraints, economists believe Du Plessis has
+  little room to manoeuvre.
+      Analysts argue recent rises in civil service salaries and
+  budgeted spending increases for the state-owned Post Office and
+  South African Transport Services suggest that major tax
+  concessions to individuals or corporations are unlikely.
+      Du Plessis earlier this year announced small concessions
+  for taxpayers in a mini-budget before the May 6 whites-only
+  election. The poll delayed presentation of the national budget.
+      "This will not be a very exciting budget," commented Harry
+  Schwarz, spokesman on finance for the liberal Progressive
+  Federal Party. "I do not expect any major tax cuts as all the
+  sweets were given out before the election."
+  
+
diff --git a/reuters/test/17972 b/reuters/test/17972
new file mode 100644
index 0000000000000000000000000000000000000000..c817433398b90d18550d343d78833a3c224bd603
--- /dev/null
+++ b/reuters/test/17972
@@ -0,0 +1,7 @@
+DEL E. WEBB INVESTMENT PROPERTIES INC <DWPA.O>
+  1st qtr
+      Shr seven cts vs nine cts
+      Net 166,000 vs 201,000
+      Revs 801,000 vs 687,000
+  
+
diff --git a/reuters/test/17973 b/reuters/test/17973
new file mode 100644
index 0000000000000000000000000000000000000000..3bef6ff7ebc72113925578f1d013b310094b83b3
--- /dev/null
+++ b/reuters/test/17973
@@ -0,0 +1,11 @@
+BASIX CORP <BAS> TO SELL UNIT TO CUBIC <CUB>
+  BASIX Corp said it has agreed in
+  principle to sell the stock of its Automatic Toll Systems Inc
+  subsidiary to Cubic Corp for about 26 mln dlrs.
+      The company said it would retain Automatic Toll assets
+  worth about nine mln dlrs to dispose of over time.
+      The company said completion of the transaction is subject
+  to approval by both boards and BASIX's banks and the expiration
+  of the Hart-Scott-Rodino waiting period.
+  
+
diff --git a/reuters/test/17975 b/reuters/test/17975
new file mode 100644
index 0000000000000000000000000000000000000000..102a0313122f62f7ad4746f39c8f18b1df792a98
--- /dev/null
+++ b/reuters/test/17975
@@ -0,0 +1,6 @@
+ONCOR INC <ONCR.O> 1ST QTR LOSS
+  Shr loss 12 cts vs loss five cts
+      Net loss 347,849 vs loss 103,489
+      Sales 222,697 vs 150,534
+  
+
diff --git a/reuters/test/17978 b/reuters/test/17978
new file mode 100644
index 0000000000000000000000000000000000000000..da12e5edf43eff3103d186fed0d27e0f4e7fe41f
--- /dev/null
+++ b/reuters/test/17978
@@ -0,0 +1,12 @@
+RESDEL <RSDL.O>, SAN/BAR <SBAR.O> IN MERGER DEAL
+  Resdel Industries Inc said
+  it has agreed to acquire San/Bar Corp in a share-for-share
+  exchange, after San/Bar distributes all shgares of its
+  Break-Free Corp subsidiary to San/Bar shareholders on a
+  share-for-share basis.
+      The company said also before the merger, San/Bar would
+  Barry K. Hallamore and Lloyd G. Hallamore, San/Bar's director
+  of corporate development, 1,312,500 dlrs and 1,087,500 dlrs
+  respectviely under agreements entered into in October 1983.
+  
+
diff --git a/reuters/test/17979 b/reuters/test/17979
new file mode 100644
index 0000000000000000000000000000000000000000..00660c99e01bcb4e43e341a9bfd280b57e95b299
--- /dev/null
+++ b/reuters/test/17979
@@ -0,0 +1,21 @@
+COLOMBO TO DEFEND WATERS, INDIA READIES FLOTILLA
+  Sri Lanka today ordered its armed forces
+  to defend the island's territorial waters as India prepared to
+  send a flotilla with relief supplies that Colombo says it does
+  not want for the Tamils in the Jaffna peninsula.
+      The sudden crisis between Sri Lanka and its giant neighbour
+  deepened as Prime Minister Ranasinghe Premadasa told
+  parliament: "We have our territorial limits and nobody can be
+  allowed to trespass there ...
+      "President (Junius) Jayewardene has ordered the army, navy
+  and air force to protect the island and its territorial waters,"
+  Premadasa said to a round of applause from the house.
+      In New Delhi an Indian spokesman said the plan to send a
+  flotilla of 20 small unarmed boats with Red Cross supplies to
+  Jaffna tomorrow would go ahead despite Colombo's objections.
+      The confrontation was the latest result of the long and
+  bitter conflict between Sri Lanka's Buddhist Sinhalese majority
+  and the Hindu Tamil minority, which has strong ethnic and
+  cultural links with India's 50 mln Tamils.
+  
+
diff --git a/reuters/test/17980 b/reuters/test/17980
new file mode 100644
index 0000000000000000000000000000000000000000..d488fc21dc9da995b4b22b7bb7667bb00c949005
--- /dev/null
+++ b/reuters/test/17980
@@ -0,0 +1,77 @@
+LAWSON SAYS LOUVRE CURRENCY ACCORD SATISFACTORY
+  The Louvre agreement by the Group of Seven
+  finance ministers and central bankers to stabilise currencies
+  has worked well and needs no fundamental strengthening at the
+  economic summit in Venice on June 8-10, U.K. Chancellor of the
+  Exchequer Nigel Lawson said.
+      Previewing the summit, which he expected would not produce
+  any major new economic initiatives, Lawson told reporters work
+  remained to be done on improving the conditions for lasting
+  world economic growth.üside measures to boost growth, he said.
+  
+      "I think it is possible that there may be scope for a
+  further reduction in interest rates in Germany," he added, but
+  stressed that he had had no indication that such a move was
+  likely. He made no mention of Japanese interest rates.
+      Lawson said the U.S. Should embark on "a gradual reduction
+  of its fiscal deficits over the next two or three years."
+      He said the February 22 Louvre accord had produced
+  "satisfactory exchange rate stability," in part thanks to heavy
+  coordinated intervention of Group of Seven central banks, and
+  he was "content" with sterling's exchange rate.
+      Pointing to the record 4.8 billion stg rise in U.K. May
+  currency reserves announced today he said, "we have been playing
+  a very full part ourselves ... We have been intervening to a
+  very much greater extent than we had done hitherto."
+      Lawson said there was a risk that the Louvre agreement may
+  falter if member states did not implement the macro-economic
+  commitments underlying the accord.
+      "Certainly it would be more difficult to maintain exchange
+  rate stability if countries are seen not to implement their
+  commitments in Paris ... In this respect." He said the U.S.
+  Budget deficit was "very important."
+      Noting the 6,000 billion yen economic package announced by
+  Japanese Prime Minister Yasuhiro Nakasone last week Lawson
+  said, "what is really needed in Japan is an increase in
+  merchandise imports. Supply side measures are critical."
+      "There is a specific range of consumer and agricultural
+  goods where they have an extremely restrictive regime which is
+  wholly unjustified," he said.
+      Lawson doubted that Tokyo's partners would indulge in "Japan
+  bashing" at the summit especially after the economic stimulation
+  package and the announcement of Nakasone's plans to increase
+  Japanese development aid over the next three years.
+      Japan's more flexible stance on Tokyo stock exchange
+  membership would also help deflect criticism, he said.
+      He said he thought West Germany would instead come under
+  pressure at the summit to adopt similar stimulation measures to
+  jack up faltering economic growth.
+      In this respect Lawson said he hoped Bonn would bring
+  forward to January 1988 part of its agreed package of tax cuts
+  scheduled for 1990. He also called on Bonn to push ahead with
+  the privatisation of German national industries.
+      On debt, Lawson said he expected a three point British plan
+  to alleviate the burden of the poorest sub-saharan countries to
+  make progress in Venice.
+      The plan, involving concessional rescheduling of sovereign
+  debt in the Paris Club, was first proposed at the IMF and World
+  Bank meetings in Washington earlier this year.
+      Lawson said he would seek "to consolidate political backing
+  for the plan at the Venice summit" and hoped the programme would
+  be finalised at the Autumn meetings of the IMF and World Bank.
+      He welcomed the recent moves by Citicorp and Chase
+  Manhattan to increase sharply their Third World debt
+  provisions.
+      "First, it is a blow for realism. Second, because the market
+  response has shown that banks have much less to fear from this
+  sort of move than they felt before Citicorp," he said.
+      U.K. Banks should follow Bank of England recommendations,
+  strengthening their balance sheets and making more provisions.
+  "They have done it to some extent, they need to do it more,"
+  Lawson said, adding it was up to the banks themselves to
+  determine the appropriate size of provisions.
+      He also said the dismantling of farm subsidies would be
+  discussed at the summit. "There is a consensus, which we have to
+  push further."
+  
+
diff --git a/reuters/test/17981 b/reuters/test/17981
new file mode 100644
index 0000000000000000000000000000000000000000..9b93e5b421ba4d3c692a184af216569ff9f6cc17
--- /dev/null
+++ b/reuters/test/17981
@@ -0,0 +1,8 @@
+CENTEL <CNT> COMPLETES SALE
+  Centel Corp said it completed the sale of
+  its water properties serving 8,000 customers in four
+  southwestern Kansas communities to Central Kansas Utility Co of
+  Columbia, Mo.
+      Terms were not disclosed.
+  
+
diff --git a/reuters/test/17984 b/reuters/test/17984
new file mode 100644
index 0000000000000000000000000000000000000000..04c5eb25f089498929a35828727b1785019b7cdc
--- /dev/null
+++ b/reuters/test/17984
@@ -0,0 +1,16 @@
+W.R. GRACE <GRA>, BERISFORD PLAN COCOA VENTURE
+  W.R. Grace and Co said it has agreed to
+  combine its cocoa processing businesses with those of S. and W.
+  Berisford PLC.
+      It said the joint venture, to be 68.4 pct owned by Grace
+  and 31.6 pct by Berisford, would have annual sales in 1987 of
+  over 700 mln dlrs.
+      Grace said the transaction involves the combination of its
+  cocoa products division and two Berisford cocoa processing
+  units, which would be operated under Grace management.
+      The company said Berisford would contribute its Dutch and
+  West German cocoa subsidiaries and issue new ordinary shares to
+  Grace in connection with the transaction.  It said closing is
+  expected by early fall, subject to regulatory approvals.
+  
+
diff --git a/reuters/test/17986 b/reuters/test/17986
new file mode 100644
index 0000000000000000000000000000000000000000..34bbf7c594361f9b06507db3649e6a4b43382722
--- /dev/null
+++ b/reuters/test/17986
@@ -0,0 +1,62 @@
+CSR SAYS IT IS PROCEEDING WITH OFFER FOR MONIER
+  CSR Ltd <CSRA.S> intends to proceed with
+  its planned bid for building materials group Monier Ltd
+  <MNRA.S> despite the counter-bid from <Equiticorp Tasman Ltd>
+  (ETL), CSR executive director Gene Herbert told Reuters.
+      ETL said today it would offer 4.15 dlrs each for Monier's
+  issued capital of 156.28 mln shares, plus a share alternative.
+  This compares with a 3.80 dlr cash element in CSR's proposed
+  bid.
+      The proposed offer by ETL, controlled by New Zealand
+  entrepreneur Allan Hawkins, came after it built up a 14.99 pct
+  stake in Monier in a 95 mln dlr share raid in recent days.
+  
+      Herbert said Britain's Redland Plc <RDLD.L>, which holds
+  just under 50 pct of Monier, still supported the CSR bid and
+  had told CSR it is not a seller.
+      He said Redland wanted to maintain and build on its
+  operations in Australia and the U.S., Where Monier has built up
+  a strong presence, notably in roofing tile manufacture.
+      The CSR offer contains a put and call option agreement with
+  Redland. This enables Redland to accept the CSR bid within six
+  months of its close or to lift its stake to 50.1 pct in the
+  same period and to run Monier as a joint venture with CSR.
+      CSR has said that Redland will take up the second option.
+  
+      ETL has declined to say why it intervened in Monier, beyond
+  describing it as a long term investment.
+      ETL would bring no synergies to Monier, unlike CSR which is
+  a leader in building materials, Herbert said.
+      "We fit better with Monier," he said.
+      CSR has said that it will concentrate development on its
+  core businesses of sugar and building materials after its moves
+  into energy several years ago.
+      Asked what he thought ETL's bid sought to achieve, Herbert
+  said: "I'm puzzled as to what Hawkins' strategy is. One has to
+  wonder if Monier is the main target."
+  
+      Herbert said CSR had no plans to raise its bid, and said a
+  higher price would be difficult to justify on fundamentals.
+      Monier was trading at 2.80 dlrs when CSR launched its
+  original bid of 3.50, or 16.8 times earnings, in late April.
+      The shares closed at 3.90 dlrs today, down 25 cents on
+  yesterday, after ETL withdrew on reaching the top foreign
+  shareholding level permitted without Foreign Investment Review
+  Board (FIRB) approval. Its bid is subject to FIRB approval.
+      Herbert also said that institutions, which are more likely
+  to accept a share alternative than cash, would have to judge
+  the respective values of ETL and CSR shares.
+  
+      ETL is the third group to become involved in a possible
+  acquisition of Monier this year. Redland held discussions on a
+  possible takeover before the CSR bid emerged but the
+  negotiations foundered on the price.
+      Share analysts said that for this reason, they did not
+  think ETL's intervention would flush out a full Redland bid
+  although Monier's ultimate fate rests in its hands.
+      "Redland is still in the driving seat," said Tim Cohen of
+  <Ord Minnett Ltd>, adding that Redland would be happier having
+  CSR as a partner in running Monier than ETL.
+      Monier's independent directors have recommended ETL's bid.
+  
+
diff --git a/reuters/test/17988 b/reuters/test/17988
new file mode 100644
index 0000000000000000000000000000000000000000..ead9e6c5f3725b1b2d1bfa222e199f518d03ee84
--- /dev/null
+++ b/reuters/test/17988
@@ -0,0 +1,10 @@
+COMP-U-CARD INTERNATIONAL INC <CUCD.O> 1ST QTR
+  Periods ended April 30
+      Shr 18 cts vs 15 cts
+      Net 3,309,000 vs 2,539,000
+      Revs 45.2 mln vs 26.8 mln
+      Avg shrs 18.7 mln vs 16.8 mln
+      NOTE: 1986 net includes gain of 1,197,000 dlrs, or seven
+  cts a share, from tax loss carryforwards
+  
+
diff --git a/reuters/test/17993 b/reuters/test/17993
new file mode 100644
index 0000000000000000000000000000000000000000..cdec914749d69978dbb410108086619c7a99063a
--- /dev/null
+++ b/reuters/test/17993
@@ -0,0 +1,24 @@
+MONTROSE HOLDING TO ACQUIRE VIRGINIA FEDERAL
+  <Virginia Federal Savings and Loan
+  Association> said it has signed a definitive agreement to be
+  acquired by <Montrose Holding Co>, an affiliate of <Montrose
+  Capital Corp> for 20 mln dlrs.
+      Virginia Federal and Montrose Capital said the agreement
+  provides for the conversion of Virginia Federal from a mutual
+  to a stock association and the purchase of 100 pct of its stock
+  for 20 mln dlrs by Montrose.
+      According to the companies, Virginia Federal has over 700
+  mln dlrs in assets and operates 16 branches in Virginia.
+      Virginia Federal said the proceeds would enable it to
+  provide increased mortgage and lending services and enable the
+  company to compete more effectively in the Virginia market.
+      The companies said the agreement is subject to Federal Home
+  Loan Bank Board approval, expected later this year.
+      Additionally, the companies said the converted association
+  would be managed by a board of directors consisting of the six
+  current Virginia Federal directors and two representatives of
+  Montrose Holding.
+      The senior management of Virginia Federal was expected to
+  continue in office after the conversion, the companies said.
+  
+
diff --git a/reuters/test/18001 b/reuters/test/18001
new file mode 100644
index 0000000000000000000000000000000000000000..1ba11d9bdc15958398fbc170f849039e698b1eea
--- /dev/null
+++ b/reuters/test/18001
@@ -0,0 +1,12 @@
+BRAZIL'S SARNEY RENEWS CALL FOR WAR ON INFLATION
+  President Jose Sarney today declared "a
+  war without quarter" on inflation and said the government would
+  watch every cent of public expenditure.
+      Sarney, addressing his cabinet live on television, also
+  reiterated that he intended to remain in power for five years,
+  until 1990. There has been a long-running political debate
+  about how long his mandate should be.
+      Brazil is currently suffering from the worst inflation of
+  its history. In April monthly inflation reached 21 pct.
+  
+
diff --git a/reuters/test/18009 b/reuters/test/18009
new file mode 100644
index 0000000000000000000000000000000000000000..6392ec9cb3cfa9d6e2e3c279d7a24d7c913e4fa3
--- /dev/null
+++ b/reuters/test/18009
@@ -0,0 +1,36 @@
+PAKISTAN SAYS GOOD ECONOMIC GROWTH CONTINUES
+  Pakistan says its economy has continued
+  its recent outstanding performance during the financial year
+  1986/87 ending on June 30 but areas like balance of payments,
+  investments and energy were causing concern.
+      GDP grew in line with the average growth rate since 1980
+  and the inflation rate was the lowest since 1969/70, according
+  to a government economic survey.
+       The reform of economic regulation had gathered momentum
+  and there was an impressive performance in a five point
+  government program for rural uplift, education and poverty
+  alleviation, said the survey.
+      Ministry Economic Adviser Qazi Alimullah told a news
+  conference that before recent unseasonal rains and hailstorms
+  damaged the wheat crop, GDP growth was calculated at 7.04 pct
+  compared to 7.25 pct in 1985/86.He said the figure might now
+  slide down a little to around 6.8 or 6.9 pct.
+      The survey said monetary expansion was estimated to be nine
+  pct to date but might rise to around 12 pct by the year-end.
+      Alimullah said exports rose 18 pct to 3.5 billion dlrs from
+  2.9 billion dlrs in 1985/86. But the at the same time, home
+  remittances by Pakistanis abroad dropped to 2.3 billion dlrs
+  from the 1985/86 level of 2.595 billion.
+      More exports and an improvement in the balance of payments
+  situation will be required to overcome this declining trend in
+  home remittances, he said.
+      The survey said the trade deficit was expected to fall to
+  2.4 billion dlrs from three billion dlrs in 1985/86 because of
+  the boost in exports.
+      He said national investment continued to be small because
+  of a poor rate of savings, about 14 pct of GDP. He said more
+  savings were required to maintain or possibly step up the
+  present growth rate and to finance the country's seventh
+  five-year development plan to be launched in July 1988.
+  
+
diff --git a/reuters/test/18010 b/reuters/test/18010
new file mode 100644
index 0000000000000000000000000000000000000000..5ea1eef57f4d0d293a46e7d30ed96641bf5e823e
--- /dev/null
+++ b/reuters/test/18010
@@ -0,0 +1,5 @@
+GREENSPAN SAYS THERE IS EVIDENCE DOLLAR HAS BOTTOMED OUT
+
+  GREENSPAN SAYS THERE IS EVIDENCE DOLLAR HAS BOTTOMED OUT
+  
+
diff --git a/reuters/test/18011 b/reuters/test/18011
new file mode 100644
index 0000000000000000000000000000000000000000..d34d5a3fb77ba3b0aac6c08831980aaae14d794d
--- /dev/null
+++ b/reuters/test/18011
@@ -0,0 +1,5 @@
+BANK OF FRANCE LEAVES INTERVENTION RATE UNCHANGED AT 7-3/4 PCT - OFFICIAL
+
+  BANK OF FRANCE LEAVES INTERVENTION RATE UNCHANGED AT 7-3/4 PCT - OFFICIAL
+  
+
diff --git a/reuters/test/18012 b/reuters/test/18012
new file mode 100644
index 0000000000000000000000000000000000000000..de24d0b923238e2fa2526441787652c66e3b60b8
--- /dev/null
+++ b/reuters/test/18012
@@ -0,0 +1,9 @@
+GREENSPAN SEES EVIDENCE DOLLAR FALL OVER
+  Newly-nominated Federal Reserve Board
+  chairman Alan Greenspan said there was evidence the dollar
+  finally had bottomed out.
+      In a White House briefing Greenspan was asked by reporters
+  if he thought the dollar had bottomed out.
+      "There certainly is evidence in that direction," he replied.
+  
+
diff --git a/reuters/test/18013 b/reuters/test/18013
new file mode 100644
index 0000000000000000000000000000000000000000..27cbc58b141e2e47ab1553ab0c447be57ac4032f
--- /dev/null
+++ b/reuters/test/18013
@@ -0,0 +1,5 @@
+U.S. GOLD, SILVER, PLATINUM SOAR ON VOLCKER REJECTION OF 3RD TERM
+
+  U.S. GOLD, SILVER, PLATINUM SOAR ON VOLCKER REJECTION OF 3RD TERM
+  
+
diff --git a/reuters/test/18014 b/reuters/test/18014
new file mode 100644
index 0000000000000000000000000000000000000000..c6df6dc66bc07ecf9de71466682151329d4bc644
--- /dev/null
+++ b/reuters/test/18014
@@ -0,0 +1,10 @@
+ICCO BUYS 5,000 TONNES COCOA FOR BUFFER STOCK
+  The International Cocoa Organization
+  (ICCO) buffer stock manager bought 5,000 tonnes of cocoa today
+  for the buffer stock, traders said.
+      The cocoa is believed to have been entirely made up of
+  second hand material, they added.
+      Such a purchase would bring cumulative buffer stock
+  purchases to 26,000 tonnes.
+  
+
diff --git a/reuters/test/18017 b/reuters/test/18017
new file mode 100644
index 0000000000000000000000000000000000000000..0f408e294f7da9e2de93325ac74a9c0524eb16e0
--- /dev/null
+++ b/reuters/test/18017
@@ -0,0 +1,14 @@
+ACME PRECISION <ACL> BUYOUT BID DROPPED
+  Acme Precision Products Inc said a
+  management group has withdrawn a six dlr per share leveraged
+  buyout offer.
+      Acme said the management group dropped its bid due to
+  continued weakness in the machine tool industry and in Acme
+  Precision's operating results and to the inability of the
+  management group to obtain modifications to terms of its
+  financing commitment.
+      It said, "The effect of these factors led the management
+  group to conclude that the six dlr per share price was
+  excessive under current conditions."
+  
+
diff --git a/reuters/test/18024 b/reuters/test/18024
new file mode 100644
index 0000000000000000000000000000000000000000..0d4dd49860bdfa93b5957208d7956408051f9b36
--- /dev/null
+++ b/reuters/test/18024
@@ -0,0 +1,21 @@
+ITALIAN BARLEY CROP REPORTED IN GOOD CONDITION
+  Italy's barley crop is generally in good
+  condition and harvesting is expected to begin shortly, the
+  agricultural marketing information and research board Irvam
+  said.
+      First consignments were expected to be available around
+  mid-June.
+      Excellent weather, characterised by alternating periods of
+  sunshine and rain, has encouraged growth except in Sardinia,
+  which was expected to lose a large part of its barley crop
+  because of extreme dryness.
+      Irvam said yields are expected higher than last year's low
+  levels if favourable weather continues in the next few weeks.
+      Given an average yield of 3.5 tonnes per hectare, national
+  production would be around two pct higher than in the previous
+  season at just above 1.6 mln tonnes, it said.
+      If yields reach the record 3.78 tonnes per hectare achieved
+  in 1984, production would be around 1.75 mln tonnes, an
+  increase of 11 pct compared to 1986.
+  
+
diff --git a/reuters/test/18028 b/reuters/test/18028
new file mode 100644
index 0000000000000000000000000000000000000000..d2c4b9ef5a19ac81a122604035c934d77235d78b
--- /dev/null
+++ b/reuters/test/18028
@@ -0,0 +1,9 @@
+PEP BOYS - MANNY, MOE AND JACK INC <PBY> 1ST QTR
+  May Two net
+      Shr 11 cts vs eight cts
+      Net 5,895,000 vs 3,896,000
+      Sales 127.3 mln vs 110.5 mln
+      NOTE: Share adjusted for three-for-one stock split payable
+  July 27 to holders of record July One.
+  
+
diff --git a/reuters/test/18029 b/reuters/test/18029
new file mode 100644
index 0000000000000000000000000000000000000000..e3ab0bb8e9890b69b37ed65981d019de1233e63c
--- /dev/null
+++ b/reuters/test/18029
@@ -0,0 +1,24 @@
+ELDERS HAPPY TO LEAVE CARLING SHARES OUTSTANDING
+  Elders IXL Ltd <ELXA.S> says it is happy
+  to leave preferences shares of brewer Carling O'Keefe Ltd
+  outstanding after an undisclosed bidder made an offer to
+  acquire all of Carling's outstanding preferred stock.
+      Elders, which owns 100 pct of Carling's outstanding common
+  shares, previously proposed to redeem the 433,745 Carling
+  series A preferred shares at 33.50 Canadian dlrs each and
+  redeem the 386,662 series B preferreds at 40 dlrs a share.
+      The series A and B preferred shares carry no vote while
+  dividends are paid.
+     
+      Elders says neither it nor Carling knows the identity of
+  the bidder for Carling's preferred shares.
+      On May 29, the bidder offered to acquire the Carling
+  preferred for 36 dlrs for each series A and 40.50 dlrs for each
+  series B share.
+      Elders said leaving the Carling preferred shares
+  outstanding will not affect ongoing plans of the company.
+      Series B preferred shareholders had previously rejected
+  Carling's proposal to redeem the shares and a series A
+  preferred shareholders meeting was adjourned to June 12.
+  
+
diff --git a/reuters/test/18034 b/reuters/test/18034
new file mode 100644
index 0000000000000000000000000000000000000000..993a42314bb4ba87da0eefd3ebcae8a5312f0206
--- /dev/null
+++ b/reuters/test/18034
@@ -0,0 +1,30 @@
+CHICKEN NOT MAIN SALMONELLA CAUSE, OFFICIAL SAYS
+  A representative of the poultry
+  industry said statistics showed that chicken is less frequently
+  the cause of salmonella poisoning than beef, dairy products or
+  salads and other mixed foods.
+      Kenneth May, President of Holly Farms Poultry Industries
+  and a director of the National Broiler Council, told a House
+  Agriculture subcommittee the incidence of salmonella in chicken
+  has not increased in recent years and that chicken is neither
+  the major source of the bacterial poisoning nor the cause of an
+  increase in outbreaks of the disease.
+      May said the Center for Disease Control figures showed that
+  between 1978 and 1982, chicken was involved in four pct of all
+  U.S. salmonellosis outbreaks, while beef accounted for ten pct
+  of outbreaks and dairy products six pct.
+      May said the remaining outbreaks were caused by salads and
+  mixed food, turkey, seafood, pork, eggs and other foods.
+      May said the chicken industry favored moving away from
+  bird-by-bird inspection procedures to a risk assessment system
+  better able to identify microbial and bacterial contamination
+  of poultry.
+      However, Ellen Haas, executive director of Public Voice for
+  Food and Health Policy, said bird-by-bird inspection should be
+  retained and labels should be attached to each ready-to-cook
+  chicken to remind consumers about preparation procedures
+  necessary to avoid illness.
+      Haas also called for a review of present chicken industry
+  inspection methods that she said can worsen poultry hazards.
+  
+
diff --git a/reuters/test/18035 b/reuters/test/18035
new file mode 100644
index 0000000000000000000000000000000000000000..563cfa9964bf69bf04d6a8e55b9135bbea59d682
--- /dev/null
+++ b/reuters/test/18035
@@ -0,0 +1,15 @@
+U.S. HOUSE PANEL VOTES TO SPEED UP CORN PAYMENTS
+  The House Agriculture Committee voted
+  to make approximately 2.8 billion dlrs of feedgrains deficiency
+  payments immediately instead of in the late fall.
+      A similar measure was decisively defeated on the Senate
+  floor last week.
+      The bill, which passed by a voice vote, would allow
+  so-called Findley payments to be made immediately rather than
+  late this year. Payments for 1987-90 feedgrains crops would not
+  be changed.
+      Because the bill would move 2.8 billion dlrs of spending
+  into fiscal 1987 from fiscal 1988, the measure is expected to
+  meet stiff resistance in the full House.
+  
+
diff --git a/reuters/test/18036 b/reuters/test/18036
new file mode 100644
index 0000000000000000000000000000000000000000..6c32e5ed2c184517a3367fda506c83b9a9df60db
--- /dev/null
+++ b/reuters/test/18036
@@ -0,0 +1,20 @@
+JONES AND VINING <JNSV.O> STARTS BID FOR SHARES
+  Jones and Vining Inc said it has
+  started a tender offer for all of its own shares at five dlrs
+  per share. 
+      The company said it will hold a special meeting on July 10
+  for a vote on approval of a merger at the tender price.
+      It said the price to be paid in the tender and merger could
+  be reduced by any fees and expenses the court may award to
+  counsel for the plaintiffs in the class action suit brought
+  against it in Delaware Chancery Court by Ronda Inc. The
+  plaintfiffs' counsel are seeking fees of up to 10 cts per
+  share, Jones and Vining said.
+      The company said the court has scheduled a hearing on the
+  proposed settlement of the suit for July Eight.
+      The company said the start of the tender offer and the
+  calling of the special meeting are conditions of the
+  settlement, and completion of the tender and merger are
+  conditioned on final approval of the settlement.
+  
+
diff --git a/reuters/test/18037 b/reuters/test/18037
new file mode 100644
index 0000000000000000000000000000000000000000..c1d2c33627817a3cc8ff2e1523085a66aeed976e
--- /dev/null
+++ b/reuters/test/18037
@@ -0,0 +1,10 @@
+HEALTHSOUTH <HSRC.O> MAKES ACQUISITION
+  HEALTHSOUTH Rehabilitation Corp
+  said it has acquired Pine Island Sports Medicine Center in Fort
+  Lauderdale, Fla., and will incorporate the facility into its
+  HEALTHSOUTH Rehabilitation Center of Fort Lauderdale, which is
+  now under construction and should be in operation by
+  mid-summer.
+      Terms were not disclosed.
+  
+
diff --git a/reuters/test/18038 b/reuters/test/18038
new file mode 100644
index 0000000000000000000000000000000000000000..2ba35af43eceb57f50eaf12f9fc218131979d683
--- /dev/null
+++ b/reuters/test/18038
@@ -0,0 +1,6 @@
+BANC ONE <ONE> MAKES INDIANA ACQUISITION
+  Banc One Corp said it has
+  completed the acquisition of First National Bank of
+  Bloomington, Ind, which has assets of 271 mln dlrs.
+  
+
diff --git a/reuters/test/18040 b/reuters/test/18040
new file mode 100644
index 0000000000000000000000000000000000000000..bdde43581359a0235d319b73bb7be35e5d59b694
--- /dev/null
+++ b/reuters/test/18040
@@ -0,0 +1,11 @@
+ORION BROADCAST <OBGI.O> BUYS FORD <F> UNIT
+  Orion Broadcast Group Inc said its
+  majority-owned Orion Financial Services Corp subsidiary has
+  agreed to purchase FN Realty Services Inc from Ford Motor Co
+  for 1,200,000 to 1,500,000 dlrs in cash and notes.
+      It said closing is expected within 45 days after receipt of
+  regulatory approvals.
+      FN provides loan collection, accounting, data processing
+  and administrative services to the real estate industry.
+  
+
diff --git a/reuters/test/18048 b/reuters/test/18048
new file mode 100644
index 0000000000000000000000000000000000000000..3c67a67623db4a279d7d571e2a5f117caf371475
--- /dev/null
+++ b/reuters/test/18048
@@ -0,0 +1,12 @@
+PHH GROUP INC <PHH> 4TH QTR APRIL 30 NET
+  Shr 71 cts vs 47 cts
+      Net 12.1 mln vs 7.8 mln
+      Revs 369.8 mln vs 307.9 mln
+      12 mths
+      Shr 2.35 dlrs vs 2.33 dlrs
+      Net 39.5 mln vs 39 mln
+      Revs 1.36 billion vs 1.24 billion
+      NOTE: Prior year restated to reflect results from current
+  year acquisitions.
+  
+
diff --git a/reuters/test/18050 b/reuters/test/18050
new file mode 100644
index 0000000000000000000000000000000000000000..b26a9f9230c7ec6b35250ea8a20ddbc9b848f426
--- /dev/null
+++ b/reuters/test/18050
@@ -0,0 +1,34 @@
+LAWSON CALLS INTERVENTION PROOF OF STABILITY GOAL
+  The scale of foreign exchange intervention
+  the Bank of England has carried out recently is clear proof of
+  Britain's determination to stabilise exchange rates as agreed
+  between the Group of Seven industrialised countries in Paris in
+  February, Chancellor of the Exchequer Nigel Lawson said.
+      Saying he was "content" with sterling's current value, Lawson
+  told reporters he wanted "to maintain the exchange rate
+  stability we have all signed up for." He declined to say if he
+  favoured a rise or a fall from present sterling levels.
+   May currency reserves, out today, showed a record 4.8 billion
+  stg rise, pointing to massive currency intervention.
+      In April, reserves rose a hefty 2.9 billion stg.
+      Pointing to the reserves data, Lawson said, "We have been
+  playing a very full part ourselves" in meeting our commitments
+  toward exchange rate stability as agreed in Paris.
+      "We wish to see it (stability) continuing," he added.
+      Asked which techniques were available to preserve
+  stability, Lawson said both central bank intervention and
+  interest rate changes could be used to tackle "the market
+  pressures there are from time to time."
+      "Interest rate stability is not an objective in that
+  sense...Rates have to be moved up and down at times," he added.
+      Lawson said he expected intervention to be "sterilised" by
+  draining excess sterling liquidity from the market through new
+  issues of government securities and foreign currency sales,
+  when the market allowed.
+      This would limit the inflationary impact of intervention,
+  he said.
+      "Sterilisation will be dictated by market tactics...Not
+  necessarily in the month in which intervention occurs," Lawson
+  said. "I am confident that we can sterilise on this scale."
+  
+
diff --git a/reuters/test/18051 b/reuters/test/18051
new file mode 100644
index 0000000000000000000000000000000000000000..a276fe598adcea914f804a398cc15227e75e3cd3
--- /dev/null
+++ b/reuters/test/18051
@@ -0,0 +1,10 @@
+FED NOT EXPECTED TO TAKE MONEY MARKET ACTION
+  The Federal Reserve is not expected to
+  intervene in the government securities market to add or drain
+  reserves at its usual intervention time this morning,
+  economists said.
+      With the Federal funds rate trading comfortably at  6-9/16
+  pct, down from yesterday's 6.74 pct average, economists said
+  the Fed did not need to take reserve management action today.
+  
+
diff --git a/reuters/test/18052 b/reuters/test/18052
new file mode 100644
index 0000000000000000000000000000000000000000..88aeb49300c6c73eabbd41730470329ba70ecf47
--- /dev/null
+++ b/reuters/test/18052
@@ -0,0 +1,10 @@
+GULF AND WESTERN INC <GW> 2ND QTR APRIL 30 NET
+  Shr 86 cts vs 73 cts
+      Net 52.7 mln vs 45.7 mln
+      Revs 989.9 mln vs 863.9 mln
+      Six mths
+      Shr 1.97 dlrs vs 1.28 dlrs
+      Net 122 mln vs 79.9 mln
+      Revs 2.078 billion vs 1.726 billion
+  
+
diff --git a/reuters/test/18061 b/reuters/test/18061
new file mode 100644
index 0000000000000000000000000000000000000000..a4ec8f6accd49032bac044371bb773536c07f693
--- /dev/null
+++ b/reuters/test/18061
@@ -0,0 +1,12 @@
+TURKISH TRADE DEFICIT WIDENS IN APRIL
+  Turkey's trade deficit widened to 382 mln
+  dlrs in April from 275 mln in March and 273 mln in April 1986,
+  the State Statistics Institute said.
+      The deficit for the first quarter of 1987 widened to 1.23
+  billion dlrs from 1.20 billion a year earlier.
+      April exports totalled 702 mln dlrs compared with imports
+  of 1.08 billion.
+      Exports in the first four months were worth 2.69 billion
+  dlrs compared with imports of 3.92 billion.
+  
+
diff --git a/reuters/test/18062 b/reuters/test/18062
new file mode 100644
index 0000000000000000000000000000000000000000..9d5755b873bd3018723febcec27a70cce8082923
--- /dev/null
+++ b/reuters/test/18062
@@ -0,0 +1,7 @@
+UNITED FINANCIAL BANKING <UFBC.O> 1ST QTR NET
+  Shr four cts vs 21 cts
+      Net 29,862 vs 152,826
+      NOTE: Full name is United Financial Banking Cos Inc. Net
+  includes loan loss provision nil vs 40,000 dlrs.
+  
+
diff --git a/reuters/test/18065 b/reuters/test/18065
new file mode 100644
index 0000000000000000000000000000000000000000..f8e38169c766404f63a400afee3e14e57925c280
--- /dev/null
+++ b/reuters/test/18065
@@ -0,0 +1,7 @@
+BROWN GROUP INC <BG> 1ST QTR MAY 2 NET
+  Shr 56 cts vs 42 cts
+      Net 10,030,000 vs 7,833,000
+      Sales 392.1 mln vs 339.6 mln
+      Avg shrs 17,966,000 vs 18,709,000
+  
+
diff --git a/reuters/test/18066 b/reuters/test/18066
new file mode 100644
index 0000000000000000000000000000000000000000..7f269257108a354e7685996d8a0ec0f587ac4df7
--- /dev/null
+++ b/reuters/test/18066
@@ -0,0 +1,17 @@
+U.S. ENERGY SECRETARY SEES HIGHER OIL PRICES
+  Energy Secretary Donald Hodel said he
+  expects oil prices to rise significantly by the year 2000,
+  probably to around 33 dlrs a barrel in current dollars.
+      "I do anticipate a significant increase (by 2000).
+  Thirty-three dlrs a barrel is not unreasonable," Hodel told the
+  Senate Energy Committee.
+      Hodel said the loss of some domestic oil production through
+  the shutdown of stripper (10 barrels a day or less) wells
+  because of low prices was probably permanent. He said he was
+  also concerned by the decline in domestic oil exploration.
+      Hodel urged Congress to approve oil exploration in section
+  1002 of the Arctic National Wildlife Refuge in Alaska. He said
+  geologic condtions in the area were favorable for the discovery
+  of oil fields equal to those in nearby Prudhoe Bay.
+  
+
diff --git a/reuters/test/18068 b/reuters/test/18068
new file mode 100644
index 0000000000000000000000000000000000000000..0a4b9ca7891e345075c96c44cb08fcc865ad6b9b
--- /dev/null
+++ b/reuters/test/18068
@@ -0,0 +1,10 @@
+NORTHWEST TELEPRODUCTIONS <NWTL.O> 4TH QTR NET
+  Shr 15 cts vs 16 cts
+      Net 239,034 vs 264,485
+      Sales 2,932,782 vs 2,664,853
+      Year
+      Shr 57 cts vs 45 cts
+      Net 929,524 vs 741,121
+      Sales 10.9 mln vs 9,708,792
+  
+
diff --git a/reuters/test/18071 b/reuters/test/18071
new file mode 100644
index 0000000000000000000000000000000000000000..7a9b9926d31c948858efa3aef60c453eb4e8cd7e
--- /dev/null
+++ b/reuters/test/18071
@@ -0,0 +1,44 @@
+JUDGE TO DECIDE BURLINGTON <BUR> IN SEVERAL DAYS
+  U.S. District Court Judge Eugene
+  A. Gordon said he will decide "in the next few days" whether to
+  grant Burlington Industries Inc's request to stop a takeover by
+  Samjens Acquisition Corp.
+      "I do not know how I come down on this preliminary
+  injunction," Gordon said after listening to arguments by
+  attorneys for 1-1/2 days.
+      "It's been a long time since I was deluged with as much
+  information as I have been. I have to consider what's been
+  presented and issue an opinion on this. Both sides cannot be
+  winners," he said.
+      Burlington requested the injunction to stop a takeover
+  effort by Samjens, claiming the partnership used illegally
+  obtained confidential information about the company to make its
+  offer. It also alleges there would be anti-trust violations if
+  Samjens, formed by Asher Edelman and Dominion Textiles Inc of
+  Canada, were to succeed.
+      Samjens last week topped a 76 dlr per share offer for
+  Burlington from Morgan Stanley Group <MS> by one dlr per share.
+  Morgan Stanley made its 2.44 billion dlr bid after Samjens bid
+  72 dlrs per share for Burlington.
+      Burlington lawyers told the court if the injunction is not
+  granted Samjens would win control of Burlington. A Samjens
+  lawyer argued that if the judge granted the injunction it would
+  "kill the offer"
+      Jay Greenfield, an attorney for Samjens, said the
+  partnership would suffer irreparable harm if the injunction
+  were granted. "There's only one Burlington," he said. "If we
+  cannot get that then no amount of money can compensate us."
+      Greenfield also said Samjens could sell its holdings in
+  Burlington for 95 mln dlrs. "We don't want that. We're not in
+  this for the money," he said.
+      Irving Nathan, a Burlington lawyer, reiterated that
+  information provided by James Ammeen, a former Burlington
+  executive, was crucial to Dominion's decision to attempt o
+  takeover of Burlington.
+      "Dominion relied on the information provided by the insider
+  Jim Ammeen," Nathan said.
+      An attorney for Ammeen, who is named as a defendant, asked
+  the court to dismiss the lawsuit against his client. The judge
+  said he would not rule on the request today.
+  
+
diff --git a/reuters/test/18075 b/reuters/test/18075
new file mode 100644
index 0000000000000000000000000000000000000000..bba36e1117c5c49c072487d1f8db77266ebb3c13
--- /dev/null
+++ b/reuters/test/18075
@@ -0,0 +1,35 @@
+ALLEGIS <AEG> TO SELL CANADIAN HOTELS
+  Allegis Corp said it has created a
+  limited partnership to sell selected hotels in Canada to the
+  public.
+      It said the offering is expected to raise in excess of 350
+  mln Canadian dlrs and will be completed by the end of
+  September.
+      The limited partnership will be similar to the Westin
+  Hotels limited partnership completed last year when Allegis
+  sold Westin hotels in San Francisco and Chicago. Allegis
+  reported a pretax gain of 80.6 mln dlrs as a result of that
+  partnership.
+     
+      An Allegis spokesman said the offerings have been in
+  planning stages for a long time and are unrelated to recent
+  corporate developments such as the firm's recapitalization plan
+  and a threatened takeover by an investor group lead by Coniston
+  Partners and the pilots of its United Airlines unit.
+      The spokesman said the company has not yet identified which
+  of its Canadian hotels will be offered for sale.
+      Allegis has 100 pct ownership in Westin hotels in
+  Vancouver, Calgary, Ottawa and Toronto, and 100 pct interest in
+  Hilton International hotels in Toronto and Montreal. It owns 60
+  pct of the Westin in Edmonton.
+      Richard Ferris, chairman of Allegis, said in a statement
+  the hotel limited partnerships allow the company to convert
+  unrecognized asset appreciation into cash.
+      As with the proceeds from the earlier limited partnership,
+  the money will be used for general corporate needs, the
+  spokesman said.
+      Merrill Lynch Capital Markets and Wood Gundy will be lead
+  underwriters for to the public offering. The limited
+  partnership will be offered outside the U.S, Allegis said.
+  
+
diff --git a/reuters/test/18079 b/reuters/test/18079
new file mode 100644
index 0000000000000000000000000000000000000000..94704a9c50821378f53b1be978312b973d1a6088
--- /dev/null
+++ b/reuters/test/18079
@@ -0,0 +1,14 @@
+RAYCOMM TRANSWORLD <RACM.O> TO MAKE ACQUISITION
+  Raycomm Transworld Industries Inc
+  said it has agreed in principle subject to board approvals to
+  acquire Spiridellis Consulting Group Inc, a privately-held
+  computer services consulting firm, for a number of common
+  shares to be determined based on pretax earnings of Spiridellis
+  over a five-year period.
+      The company said it will gaurantee that almost all of the
+  issued shares will attain price levels ranging from five to
+  nine dlrs each for two years after their issuance.
+      It said Spiridellis had revenues of 3,500,000 dlrs in
+  calendar 1986.
+  
+
diff --git a/reuters/test/18080 b/reuters/test/18080
new file mode 100644
index 0000000000000000000000000000000000000000..ad27c8718b6a751563f85f1a1efce349cb1e67e1
--- /dev/null
+++ b/reuters/test/18080
@@ -0,0 +1,12 @@
+3M <MMM> ACQUIRES CONTROL DATA <CDA> UNIT
+  Minnesota Mining and Manufacturing
+  said it acquired a computerized hospital information systems
+  business from Control Data Corp.
+      Terms were not disclosed.
+      The business, which has 145 employees and supplies
+  computers and software for hospital information systems, will
+  be integrated into 3M's hospital software business.
+      Control Data said the divestiture was part of its strategy
+  to focus on narrower markets.
+  
+
diff --git a/reuters/test/18085 b/reuters/test/18085
new file mode 100644
index 0000000000000000000000000000000000000000..605d078dd78beaf5364886da2d6ca181fc77941b
--- /dev/null
+++ b/reuters/test/18085
@@ -0,0 +1,25 @@
+LUKMAN SEES STABLE OIL PRICE FOR NEXT COUPLE YEARS
+  The current crude oil price of between
+  18 and 20 dlrs a barrel will remain stable over the next couple
+  of years, rising only one to two dlrs a barrel per annum to
+  keep up with inflation, OPEC President Rilwanu Lukman said.
+      Lukman, who was speaking during talks with Swedish trade
+  officials, said the stable price depended upon output restraint
+  by both OPEC and non-OPEC oil producers, Swedish government
+  officials said.
+      They said Lukman, who is also Nigerian oil minister, made
+  the remarks whilst talking about the connection between Third
+  World debt and industrialised nations.
+      Crude oil output controls did not necessarily mean higher
+  energy bills for the world's industrial nations, Lukman said.
+      Although very low oil prices, such as those seen around the
+  beginning of the year, may appear beneficial for the industrial
+  countries that depend on imported energy, they would only lead
+  to wastage and overdependence on the fuel in the long term, he
+  said.
+      This in turn would bring a swing back to extremely high
+  prices, he added.
+      Sweden, heavily dependent on imported oil, suffered a major
+  crisis in the mid-1970s, when oil prices spiralled.
+  
+
diff --git a/reuters/test/18086 b/reuters/test/18086
new file mode 100644
index 0000000000000000000000000000000000000000..8344e56a86f0a8a7a4b6d29ea41bf33e16990b11
--- /dev/null
+++ b/reuters/test/18086
@@ -0,0 +1,89 @@
+BUNDESBANK CREDIT POLICY CHANGES UNLIKELY
+  The Bundesbank is unlikely to change
+  credit policies when its central bank council meets on Thursday
+  for its last session before the Venice summit, banking
+  economists and money market dealers said.
+      The Bundesbank steered money market rates lower last month
+  by cutting the rate on its security repurchase pacts, and is
+  unlikely to cap this move with a cut in leading interest rates
+  in the near future, they said.
+      The council will meet in Saarbruecken, and the meeting will
+  be followed by a news conference at around 1030 GMT.
+      But Bundesbank officials noted that a news conference was
+  usually called when the council meets outside Frankfurt, and
+  did not necessarily herald any policy moves.
+      Bundesbank Vice-President Helmut Schlesinger said today
+  there was no reason to cut interest rates because money supply
+  growth had shown no signs of slowing in May and the dollar was
+  stable against the mark.
+      Schlesinger told Reuters in Tokyo, where the Bundesbank has
+  opened a representative office, that the West German economy
+  was now picking up after contracting by a seasonally adjusted
+  1/2 to one pct in the first quarter.
+      Money market dealers said call money was likely to hold in
+  a 3.50/70 pct range for most of this month, after the
+  Bundesbank switched last month to tenders by interest rate at a
+  minimum bid rate of 3.50 pct, allocating funds at 3.55 pct.
+      "They have set this signal and indicated they could maybe
+  lower market rates even further, but not with the discount or
+  Lombard," Winfried Hutmann, chief economist of Schroeder,
+  Munchmeyer, Hengst Investment GmbH said.
+      Werner Chrobok, managing partner at Bethmann Bank, said
+  German rates were among the lowest in industrial countries and
+  around historical lows for West Germany.
+      A further cut in rates would have little impact on the
+  economy as banks are in any case reporting slack credit demand,
+  with companies swimming in liquidity, Chrobok said.
+      The Bundesbank would therefore be reluctant to make a move
+  on interest rates, when this would be better held in reserve.
+  "The Bundesbank is frightened of using up its powder," he said.
+      A cut in the discount or Lombard rates, to bring them in
+  line with the new structure of money market rates since last
+  month, would have little practical significance, dealers said.
+      The Bundesbank could therefore act on these if it wanted a
+  diplomatic gesture before next week's Venice summit.
+      But Bundesbank President Karl Otto Poehl has often made it
+  clear in the past he opposes such gestures as mere "eyewash."
+      Economists said it was really up to the Bonn government to
+  cut taxes, rather than for the Bundesbank to ease monetary
+  policy, to meet pressure on West Germany at the Venice summit.
+      But with Bonn struggling to finance already announced tax
+  cuts and falling tax revenue widening the federal budget
+  deficit, it is hard to see how Bonn could cut taxes further.
+      "The Bonn government will be in a very weak position in
+  Venice because they can't risk increasing the deficit further,"
+  said Schroeder, Muenchmeyer, Hengst's Hutmann.
+      Bethmann's Chrobok said if anything is to happen before
+  Venice, it must be in fiscal rather than monetary policy. "But I
+  don't expect any convincing measures," he said.
+      Money market dealers noted that call money continued to
+  normalize today, falling to 3.60/70 pct from 3.75/85 yesterday
+  and as much as five pct on Friday when it was pushed up by
+  month-end distortions.
+      Call money could come under upwards pressure later this
+  month because of a major round of tax payments by banks on
+  behalf of customers, starting in the week beginning June 15.
+  Two public holidays that week could also distort the market.
+      Dealers said they expected the Bundesbank to allocate funds
+  tomorrow in the latest repurchase pact at an unchanged 3.55
+  pct, after setting an unchanged minimum bid rate of 3.50 pct,
+  and to fully replace the 5.5 billion marks in an outgoing pact.
+      But dealers said it was possible the Bundesbank would
+  allocate funds at 3.6 pct rather than 3.55. That would not
+  represent a tightening of policy, however.
+      Because the Bundesbank scales down bids which it allocates
+  at the minimum accepted rate, some banks may try to get a full
+  allocation by bidding heavily at 3.6 pct, dealers said.
+      On another issue, Poehl has said the Bundesbank is likely
+  to lift restrictions on private use of the European Currency
+  Unit (ECU) at one of its meetings soon.
+      Saarbruecken would be a suitable place for an announcement
+  on this gesture to European unity, as it is the capital of the
+  Saarland bordering France, and was twice under French
+  occupation this century.
+      But dealers said an ECU announcement was unlikely to come
+  this week, as a number of technical and legal matters had still
+  to be resolved, for instance how German ECU accounts would be
+  treated for minimum reserve purposes.
+  
+
diff --git a/reuters/test/18093 b/reuters/test/18093
new file mode 100644
index 0000000000000000000000000000000000000000..8e10facdb2c1699cf9ca161bf4e26373f387a04c
--- /dev/null
+++ b/reuters/test/18093
@@ -0,0 +1,14 @@
+ALCAN REDUCES COST OF PLANNED SMELTER
+  Alcan Aluminium Ltd said it has cut the
+  expected cost of its planned Laterriere, Quebec, smelter by
+  using enhanced Grande Baie reduction technology.
+      The company said the decision to use prebaked anode
+  technolgy used at its Grande Baie, Quebec, and Sebree, Ky.,
+  smelters was taken primarily for cost reasons.
+      As a result, it said, the estimated total cost of the
+  planned smelter will be held to 450 mln U.S. dlrs, the low end
+  of the range estimated in mid-May, while the cost of the first
+  phase was cut to 150 mln dlrs from the projected 175-225 mln
+  dlrs.
+  
+
diff --git a/reuters/test/18095 b/reuters/test/18095
new file mode 100644
index 0000000000000000000000000000000000000000..177adfb4d7329f59b97845a6f94ad1bb623f284d
--- /dev/null
+++ b/reuters/test/18095
@@ -0,0 +1,41 @@
+GERMAN EXPERTS SAY NO FURTHER ECONOMIC STIMULUS
+  The West German government's independent
+  council of economic experts believes a further stimulation of
+  the economy is inappropriate, government spokesman Friedhelm
+  Ost said.
+      A statement released by Ost after a meeting of Chancellor
+  Helmut Kohl and senior government officials with the council
+  said the experts believed 1987 ecomomic growth of 1-1/2 to two
+  pct was achievable.
+      It added the council believed "an intensification of the
+  already expansionary stimulation of monetary and financial
+  policy is not called for."
+      Ost's statement said experts believed further pressure on
+  West Germany to adapt to external economic factors would not
+  increase.
+      The government regularly uses the term "changed external
+  economic factors" when referring to the fall of the dollar,
+  which has severely damaged West German exports. Bonn officials
+  have said they expect exports to pick up during the year, but
+  could still fall below the 1986 level.
+      Along with other leading industrial countries, West Germany
+  agreed to a package of measures at a meeting in Paris in
+  February aimed at stemming the fall of the dollar.
+      The stance taken by the experts backs up the official
+  position of the West German government ahead of next week's
+  seven nation summit in Venice, where Bonn is expected to be
+  pressed by the U.S. And other partners to boost its economy.
+      West German government officials have stressed Bonn is not
+  in a position to stimulate growth further since tax cuts due
+  next year and 1990 are already stretching the budget.
+      The Bundesbank has also ruled out a quick cut in official
+  interest rates although it sees market rates continuing low.
+      The experts' prediction for economic growth this year of
+  between 1-1/2 and two pct is a slight downward revision from a
+  forecast made last November when two pct growth was forecast.
+      Many independent forecasters have revised down 1987
+  predictions in light of the downturn in exports. The government
+  itself has said it expects growth of just under two pct,
+  compared with a 2.4 pct expansion in 1986.
+  
+
diff --git a/reuters/test/18096 b/reuters/test/18096
new file mode 100644
index 0000000000000000000000000000000000000000..148138b8001fc3efc4f35ed0671d2be9a88a9acb
--- /dev/null
+++ b/reuters/test/18096
@@ -0,0 +1,14 @@
+ ROYAL BANK OF CANADA (RY.TO) 2ND QTR APRIL 30 NET
+  Shr basic 83 cts vs 1.05 dlrs
+      Shr diluted 80 cts vs 96 cts
+      Net 116,157,000 vs 125,146,000
+      Six mths
+      Shr basic 1.71 dlrs vs 2.27 dlrs
+      Shr diluted 1.63 dlrs vs 2.06 dlrs
+      Net 230,265,000 vs 265,535,000
+      Loans 67.93 billion vs 65.50 billion
+      Deposits 83.71 billion vs 84.25 billion
+      Assets 100.00 billion vs 97.50 billion
+      Avg shrs 116.4 mln vs 102.1 mln
+  
+
diff --git a/reuters/test/18099 b/reuters/test/18099
new file mode 100644
index 0000000000000000000000000000000000000000..2f9e14607d393fdb6df5658166c1f12ae346786b
--- /dev/null
+++ b/reuters/test/18099
@@ -0,0 +1,30 @@
+EX-USDA OFFICIAL URGES CHICKEN HANDLING LABELS
+  A former U.S. Agriculture Department
+  official urged the department to require that packages of
+  chicken be labeled with handling and cooking instructions to
+  protect the public from disease.
+      Carol Tucker Foreman, President of Foreman and Heidepriem
+  and a former assistant secretary of agriculture for food and
+  consumer services, told a House Agriculture subcommittee, "every
+  hour of every day, 22 Americans become victims of chicken
+  contaminated with salmonella."
+      She said every two and a half weeks, an American dies of
+  salmonellosis or complications arising from it and the
+  incidence of poisoning from poultry has increased steadily over
+  the past several years.
+      Foreman said USDA should follow a National Academy of
+  Sciences recommendation to label chicken packages to remind
+  consumers of preparation procedures necessary to avoid illness.
+      She urged USDA to require that birds be washed thoroughly
+  before they are defeathered and that defeathering machines be
+  cleaned several times a day, that birds be condemned if their
+  intestines are punctured or there is visible fecal
+  contamination and that chiller water be changed more often.
+      Kenneth Blaylock, President of the American Federation of
+  Government Employees, said a poultry industry recommendation to
+  move away from the current bird-by-bird inspection could prove
+  "disastrous." He said a strengthened bird-by-bird inspection with
+  slower line speeds was the foundation upon which new inspection
+  techniques should be overlaid.
+  
+
diff --git a/reuters/test/18101 b/reuters/test/18101
new file mode 100644
index 0000000000000000000000000000000000000000..e2ed7b45fb56a869bc1d248c80aec5d042e2b12b
--- /dev/null
+++ b/reuters/test/18101
@@ -0,0 +1,13 @@
+CENTURY <CCC.O> TO BUY TO PUERTO RICAN CO
+  Century Communications Corp
+  said it had entered into an agreement to acquire all the assets
+  of <Community Cable Vision of Puerto Rico Associates>  and its
+  associated companies for about 12 mln dlrs.
+      Century said it anticipates that <ML Media Partners LP>,
+  which jointly owns with Century a company called <Cable
+  Television Co> of greater San Juan, will join in acquisition
+  and management of Community Cable.
+      Century said Community Cable is located in San Juan, Puerto
+  Rico.
+  
+
diff --git a/reuters/test/18104 b/reuters/test/18104
new file mode 100644
index 0000000000000000000000000000000000000000..db9efb8b186750d86705045fd4d5a9289fcb7499
--- /dev/null
+++ b/reuters/test/18104
@@ -0,0 +1,30 @@
+U.S. WEIGHS LIFTING JAPANESE TRADE CURBS
+  The White House has completed a new
+  review of Japanese semiconductor trading practices but has not
+  yet decided whether trade sanctions levied against Japan last
+  April should be lifted, U.S. officials said.
+      They said the president's Economic Policy Council looked at
+  Japan's adherence to the 1986 U.S.-Japanese semiconductor pact
+  yesterday and that an announcement may be made shortly.
+      But there was no hint what the announcement might be.
+      Officials have said the 100 pct tariffs on 300 mln dlrs of
+  Japanese exports could be modified if Japan was found to be
+  honoring a portion of its semiconductor pact.
+      But they also noted that the White House has said it was
+  unlikely the tariffs would be lifted before the meeting of the
+  world's seven major economic powers in Venice on June 8-10.
+      The officials added that while the curbs complicated
+  U.S.-Japanese economic cooperation, they did serve to blunt 
+  Congressional criticism that the Reagan Administrtation was not
+  taking tough actions to reduce he U.S. trade deficit.
+      Reagan imposed the sanctions on April 17 in retaliation for
+  Japan's failure to honor commitments to end dumping
+  semiconductors in world markets at less than production costs
+  and to open its own market to U.S. goods.
+      The sanctions were levied on certain Japanese television
+  sets, personal computers and hand-held power tools.
+      Reagan, in imposing the curbs, said they would be lifted as
+  soon as there was evidence of a pattern that Japan was adhering
+  to the pact.
+  
+
diff --git a/reuters/test/18106 b/reuters/test/18106
new file mode 100644
index 0000000000000000000000000000000000000000..e00efdbef46e2d75e0c30f6e821ac51f4eac6cdb
--- /dev/null
+++ b/reuters/test/18106
@@ -0,0 +1,5 @@
+U.S. HOUSE SPEAKER WRIGHT CONCERNED of INTEREST RATE RISE UNDER GREENSPAN
+
+  U.S. HOUSE SPEAKER WRIGHT CONCERNED of INTEREST RATE RISE UNDER GREENSPAN
+  
+
diff --git a/reuters/test/18108 b/reuters/test/18108
new file mode 100644
index 0000000000000000000000000000000000000000..b4c6cacd0d029acfab1e75c52ae0d4b6dea46433
--- /dev/null
+++ b/reuters/test/18108
@@ -0,0 +1,24 @@
+ENERGY SECRETARY SEES HIGHER OIL PRICES
+  Energy Secretary Donald Hodel said he
+  expects oil prices to rise significantly by the year 2000,
+  probably to around 33 dlrs a barrel in current dollars.
+      "I do anticipate a significant increase (by 2000).
+  Thirty-three dlrs a barrel is not unreasonable," Hodel told the
+  Senate Energy Committee.
+      Hodel said the loss of some domestic oil production through
+  the shutdown of stripper (10 barrels a day or less) wells
+  because of low prices was probably permanent. He said he was
+  also concerned by the decline in domestic oil exploration.
+      Hodel urged Congress to approve oil exploration in section
+  1002 of the Arctic National Wildlife Refuge in Alaska. He said
+  geologic condtions in the area were favorable for the discovery
+  of oil fields equal to those in nearby Prudhoe Bay.
+      "The area could contain potentially recoverable oil
+  resources of more than 9.2 billion barrels, an amount nearly
+  equal to the Prudhoe Bay oil field, which currently provides
+  almost one-fifth of U.S. domestic production," Hodel said.
+      He said production from the new section could begin about
+  the time Prudhoe Bay production begins to decline in 2000
+  without endangering caribou or other wildlife in the area.
+  
+
diff --git a/reuters/test/18109 b/reuters/test/18109
new file mode 100644
index 0000000000000000000000000000000000000000..69e93edf87c24e09f1283816e27c2e9a4595d2e6
--- /dev/null
+++ b/reuters/test/18109
@@ -0,0 +1,24 @@
+DANISH RESERVES RISE 10.5 BILLION CROWNS IN MAY
+  Denmark's net official reserves rose
+  to 60.629 billion crowns in May from 48.380 billion in April,
+  against 39.481 billion in May 1986, the Central Bank said in
+  its monthly balance sheet report.
+      Total net reserves, including reserves held by commercial
+  and major savings banks and corrected for exchange rate
+  adjustments, rose to 58.373 billion crowns in May from 47.835
+  billion in April, against 32.443 billion in May 1986.
+      The Bank said in a statement that public loan transactions
+  accounted for net capital import of 0.1 billion crowns in May,
+  with net registered private capital imports of 9.1 billion.
+      "Of this, the net sale of Danish crown bonds to other
+  countries totalled about 2.5 billion crowns. There was balance
+  between the purchase and sale of foreign securities," the
+  statement added.
+      The Central Bank said that figures for private bank
+  reserves and registered capital movements were provisional and
+  there was no estimate yet of unregistered movements.
+      "It is therefore not possible on this basis to draw
+  conclusions about the developments of the external current
+  account," the statement added.
+  
+
diff --git a/reuters/test/18111 b/reuters/test/18111
new file mode 100644
index 0000000000000000000000000000000000000000..36f78bec66d1c2b046943ff56372630960317a2a
--- /dev/null
+++ b/reuters/test/18111
@@ -0,0 +1,10 @@
+STEWART <STEW.O> SELLS PLANT TO SARA LEE <SLE>
+  Stewart Sandwiches Inc said it has
+  sold its coffee roasting plant to Sara Lee Corp's Superior
+  Coffee and Foods subsidiary for undisclosed terms.
+      The company said Superior will become the exclusive packer
+  of Squire labeled coffee products, which are marketed by
+  Stewart, and Stewart will provide equipment, service and
+  distribution suppoort for some Superior coffee accounts.
+  
+
diff --git a/reuters/test/18120 b/reuters/test/18120
new file mode 100644
index 0000000000000000000000000000000000000000..e1defd809d4ee188aa91af297f9f773985e08479
--- /dev/null
+++ b/reuters/test/18120
@@ -0,0 +1,14 @@
+AEP INDUSTRIES INC <AEPI.O> 2ND QTR APRIL 30
+  Shr 21 cts vs 11 cts
+      Net 638,000 vs 340,000
+      Sales 16.9 mln vs 14.7 mln
+      Avg shrs 3,007,048 vs 3,006,250
+      1st half
+      Shr 41 cts vs 41 cts
+      Net 1,224,000 vs 1,142,000
+      Sales 31.1 mln vs 29.8 mln
+      Avg shrs 3,006,704 vs 2,757,631
+      NOTE: Current year net both periods includes nonrecurring
+  gain 213,000 dlrs.
+  
+
diff --git a/reuters/test/18128 b/reuters/test/18128
new file mode 100644
index 0000000000000000000000000000000000000000..cd08f92bddea71ced8ef46ec784b76aed5dd5b00
--- /dev/null
+++ b/reuters/test/18128
@@ -0,0 +1,17 @@
+TIGHT FAR EAST FREIGHT SPACE HITS SUGAR MARKET
+  The Far Eastern sugar market is being hit
+  by a tightening in available nearby freight space needed to
+  move raw sugar to various destinations, notably from Thailand,
+  traders said.
+      This has resulted in a hardening of freight rates in those
+  areas. These are now being quoted between 12.5 and 17.5 dlrs a
+  tonne per day, depending on shipment and destination, against
+  recent fixings below 12 dlrs a tonne.
+      Charterers are considering combining contracted shipments
+  because of inadequate space, shipping sources said, noting 13
+  raws cargoes are awaiting shipment from various ports.
+      A cargo of Thai raw sugar was reported traded at basis July
+  New York futures less 25 points for June/July 15 shipment,
+  traders said. But others said this was old business.
+  
+
diff --git a/reuters/test/18135 b/reuters/test/18135
new file mode 100644
index 0000000000000000000000000000000000000000..acc0bb7081d3f1267e95f4518c2d0760e749fa4f
--- /dev/null
+++ b/reuters/test/18135
@@ -0,0 +1,17 @@
+NCNB <NCB> TO MERGE WITH (CENTRABANK)
+  NCNB Corp said the board of
+  governors of the Federal Reserve System approved its
+  application to merge with (CentraBank Inc) of Baltimore,
+  expected to be completed July 1.
+      The company said the board's approval included the
+  dismissal of a protest by the Baltimore-based Maryland Alliance
+  for Responsible Investing against NCNB's performance under the
+  Community Reinvestment Act.
+     
+      The company said Maryland Alliance wanted the merger
+  blocked on the grounds that NCNB inadequately served the credit
+  and financial needs of low-income and minority communities in
+  its markets.
+      The company said it denied the claim.
+  
+
diff --git a/reuters/test/18136 b/reuters/test/18136
new file mode 100644
index 0000000000000000000000000000000000000000..253e348452d974bc8f98819a44ca0f4235c0d61e
--- /dev/null
+++ b/reuters/test/18136
@@ -0,0 +1,34 @@
+LEUTWILER WANTS FIRMER MARK AGAINST SFR
+  Fritz Leutwiler, chairman of
+  BBC AG Brown Boveri und Cie and a former Swiss National Bank
+  president, urged the National Bank to declare its intent of
+  achieving a rising rate for the mark against the Swiss franc.
+      In a speech to shareholders, Leutwiler said, "A gradually
+  rising rate for the mark in relation to the franc would be
+  desirable from the standpoint of industrial exports and with
+  regard to sustaining Swiss industry."
+      "Simply an appropriate declaration of intent by our bank of
+  issue (Swiss National Bank) could have a positive effect," he
+  said.
+      Leutwiler, who served 10 years as head of the Swiss central
+  bank, said such a step would not contradict the National Bank's
+  target of monetary stability.
+      "Bringing the franc close to the mark would, of course, have
+  to be done step by step under the watchful eye of monetary
+  policy," he told shareholders. "Realistically there is in fact no
+  persuasive reason why the German currency is quoted almost 20
+  pct lower than the Swiss."
+      A National Bank spokesman said the relation of the mark and
+  Swiss franc was an example of stable currency parities over a
+  long period of time.
+      The spokesman said exchange rates were made by the market,
+  not the central bank, and it would be impossible to influence
+  individual parities separately.
+      Leutwiler said the Swiss National Bank could not support
+  the value of the dollar, even in conjunction with other central
+  banks, without putting monetary stability in jeopardy.
+      "I would be the last to recommend that. The key to a
+  stronger dollar lies in the United States itself," Leutwiler
+  said.
+  
+
diff --git a/reuters/test/18138 b/reuters/test/18138
new file mode 100644
index 0000000000000000000000000000000000000000..240b44caab7bce333dfbb551f1b9b4db6f64555d
--- /dev/null
+++ b/reuters/test/18138
@@ -0,0 +1,56 @@
+SPECTRA-PHYSICS <SPY> MULLS SALE, RESTRUCTURE
+  Spectra-Physics Inc said it is
+  considering the possibility of recapitalizing, restructuring,
+  or seeking a buyer for the company following its rejection of
+  an unsolicitied 32 dlr a share bid from Ciba-Geigy Corp.
+      In a filing with the Securities and Exchange Commission,
+  the San Jose, Calif., gas lasers and accessories company also
+  said its board Sunday agreed to a plan that gives 52 top
+  executives bonuses ranging from 20 to 50 pct of their base
+  salary if they stay with the company through August 29.
+      In rejecting the takeover proposal by the U.S. subsidiary
+  of Swiss-based Ciba-Geigy AG, the company said it was unfair.
+      The Spectra-Physics board voted unanimously, with two
+  Ciba-Geigy representatives not participating, to reject the
+  Swiss-based chemical and pharmaceutical company's takeover bid,
+  citing an opinion from its financial advsior, Morgan Stanley
+  and Co Inc, that it is "inadequate and unfair from a financial
+  point of view to the holders of shares," the company said.
+      The board also authorized a special committee and Morgan
+  Stanley to "vigorously investigate, pursue and authorize any
+  alternatives which would maximize the value of shareholders'
+  investment in the company," the company said.
+      Among the alternatives the special committee will consider
+  are a sale of the company to a third party for more than 32
+  dlrs a share, a recapitalization or restructuring, including
+  self tender offers and/or asset dispositions through the use of
+  dividends, Spectra-Physics said.
+      The "retention plan" for the 52 top officers will pay an
+  average bonus percentage of 28 pct of salary, it said.
+      Spectra-Physics said its board approved the plan "in order
+  to encourage key operating personnel to remain with the company
+  during the period of turmoil and uncertainty engendered by the
+  (Ciba-Geigy) offer."
+      Under the plan, the executives would be entitled to their
+  cash bonuses if they stay with the company through August 29,
+  but could receive them earlier if they are fired for reasons
+  other than gross and willful misconduct, or if they leave the
+  company because their salaries have been sharply cut.
+      Spectra-Physics also said it filed suit against Ciba-Geigy
+  yesterday in U.S. District Court in Wilmington, Del., charging
+  it with making a takeover bid that was false and misleading in
+  violation of securities law and with violating the intent of
+  July 9, 1985 standstill agreement.
+      Spectra-Physics said Ciba-Geigy indicated at the time of
+  the standstill agreement that it would not make an unsolicited
+  takeover proposal for the company and that the intent of the
+  agreement was that Ciba-Geigy would not acquire more than 20
+  pct of the company unless there was another takeover threat.
+      Ciba-Geigy was 18.8 pct of Spectra-Physics and Reliance
+  Group Holdings <REL>, which is controlled by New York investor
+  Saul Steinberg, controls 12.8 pct.
+      Spectra-Physics said the agreement prevents Ciba-Geigy from
+  raising its stake beyond 20 pct through Jan 1, 1992, unless
+  another person get more than 10 pct of its voting power.
+  
+
diff --git a/reuters/test/18142 b/reuters/test/18142
new file mode 100644
index 0000000000000000000000000000000000000000..0a28a903455468d7bb3a0d169f54912f28c11e7d
--- /dev/null
+++ b/reuters/test/18142
@@ -0,0 +1,24 @@
+VOLCKER DEPARTURE REVIVES DLR, INFLATION FEARS
+  Paul Volcker's decision not to go for a
+  third term as Federal Reserve Chairman and the nomination of
+  Alan Greenspan to replace him have revived deep concerns about
+  the U.S.' ability to prevent a further dollar decline and stem
+  rising inflation, financial market analysts said.
+      Although Greenspan is known as a committed anti-inflation
+  fighter in the Volcker mould, doubts are already surfacing in
+  the U.S. financial markets as to whether he has enough
+  political clout and monetary experience to wage a tough
+  campaign against inflation over the next year or two.
+      "The critical issue is how (Greenspan) will deal with
+  inflation," said Stephen Axilrod, Vice Chairman of Nikko
+  Securities Co International Inc and former staff director for
+  monetary and financial policy at the Fed.
+      "A lot of questions have been raised by Volcker's
+  departure. Until Greenspan answers them, the markets will
+  remain nervous," added Stephen Slifer, money market economist
+  at Shearson Lehman Government Securities Inc.
+      This morning's announcement sent the dollar into a
+  tailspin, which was halted only by concerted central bank
+  intervention in the open currency market.
+  
+
diff --git a/reuters/test/18145 b/reuters/test/18145
new file mode 100644
index 0000000000000000000000000000000000000000..d62b9c8f3738df29f98340554e1b35b7a52a1220
--- /dev/null
+++ b/reuters/test/18145
@@ -0,0 +1,14 @@
+ATLANTIC RICHFIELD <ARC> UNIT BUYS TECHNOLOGY
+  Atlantic Richfield Co said it has
+  acquired exclusive worldwide rights to the methyl methacrylate
+  technology of Texas Eastern Corp's Halcon SD Group affiliate
+  for undisclosed terms.
+      The company said the technology will allow it to introduce
+  a cleaner and more efficient way of making methyl methacrylate,
+  a liquid monomer used to make resins for acrylic sheet,
+  coatings, molded parts and products and plastic impact
+  modifiers.
+      ARCO said it is reviewing options for commercialization of
+  the technology.
+  
+
diff --git a/reuters/test/18146 b/reuters/test/18146
new file mode 100644
index 0000000000000000000000000000000000000000..791034969be919fd29a30385809ef64c0fbe66a1
--- /dev/null
+++ b/reuters/test/18146
@@ -0,0 +1,47 @@
+SMALL RISE SEEN IN U.S. GASOLINE INVENTORIES
+  U.S. analysts expect the American
+  Petroleum Institute's weekly report on oil inventories to show
+  a slight build in U.S. stocks of gasoline for the week ended
+  May 29, oil traders and analysts said.
+      While the consensus is for an increase, a few would not
+  rule out the possibility of an decline. Traders said that
+  barring any surprises in tonight's report, they expect the
+  report to be neutral to bearish for oil prices.
+      Heating oil stocks are also likely to build and runs to be
+  steady to slightly higher, which could add pressure on oil
+  prices, the analysts said.
+      Crude oil was seen likely to build assuming imports
+  continue at relatively high levels.
+      Analysts expect gasoline stocks to rise 500,000 to two mln
+  barrels above the 234 mln reported for May 22.
+      Peter Beutel, oil analyst with Elders Futures inc, who
+  looks for a build said, "We have had five weeks of gasoline
+  demand at 7.3 mln bpd or more and it is likely to taper off to
+  between 6.7-7.0 mln bpd, which should make stocks build. Demand
+  would have to stay above 7.0 mln bpd to have a draw," he added.
+      Rising demand is why oil traders and analysts expect a draw
+  in stocks of about of about one mln barrels.
+     
+      The U.S. Energy Information Administration in its latest
+  report for the four weeks ending may 22 said that gasoline
+  demand was up 4.4 pct to 7.3 mln bpd from the previous year.
+      But analysts said hopes of reduced stocks is likely to
+  founder on increased runs in refineries, which could be up 0.3
+  pct above May 22's 81.2 pct capacity operated.
+      Such an increase would raise runs about 100,000 bpd and add
+  to U.S. stocks.
+      But some analysts said that refiners may have held refinery
+  runs.
+      Heating oil stocks were also expected to build between
+  700,000 barrels and one mln from the 96 mln barrel level
+  reported last week, but a rise in distillate stocks was
+  discounted as having a market impact at this time.
+      "A build is seasonal now and not out of line with last year,"
+  one futures analyst said.
+      Analysts said they also expect crude oil stocks to build
+  between 1.5 mln barrels and three mln from the 325 mln barrels
+  reported by API for the week of may 22.
+      The consensus appears for about two mln barrels to be added
+  to the nation's inventory.
+  
+
diff --git a/reuters/test/18148 b/reuters/test/18148
new file mode 100644
index 0000000000000000000000000000000000000000..e6da8faa3f658d7b8a74dada49049da4fdcaa1dd
--- /dev/null
+++ b/reuters/test/18148
@@ -0,0 +1,49 @@
+SHULTZ WELCOMES TOKYO ECONOMIC PACKAGE
+  U.S. Secretary of State George Shultz said
+  the 6,000 billion yen economic package announced by Tokyo last
+  week went further than the U.S. Had expected.
+      But he said the U.S. Would not lift the selective economic
+  sanctions it imposed on Japanese imports in April until Tokyo
+  changed its sales policies concerning computer microchips.
+      Speaking in a televised news conference linking several
+  European capitals, Shultz said it was heartening that the
+  Japanese had confronted the problem of stimulating domestic and
+  global demand.
+  
+      "There is an even greater amount of stimulus than was
+  originally thought," said Shultz, speaking from Washington.
+      "It is a lot more than nothing. It is more than was talked
+  about when (Prime Minister Yasuhiro) Nakasone was here.
+      "It involves a major reduction in tax rates and we believe
+  that getting the tax burden down is one way of stimulating the
+  economy," he added.
+      But asked by Japanese reporters, also linked into the news
+  conference, whether the positive reaction meant the U.S. Might
+  decide at next week's Venice summit to lift its sanctions on
+  some Japanese electronic goods, Shultz replied:
+      "These sanctions were undertaken on the basis of an
+  agreement that had been reached between the United States and
+  Japan on various sale practices and prices relating to the chip
+  market.
+      "They will be lifted as the facts of change by Japan to the
+  agreement that it made become evident."
+      He said U.S. Officials had only been able to monitor the
+  situation for a month and that it was impossible to determine a
+  trend on only one month's data.
+      The U.S. Imposed 100 pct import duties on personal
+  computers, colour televisions and power tools, alleging that
+  Japan had violated last September's bilateral agreement by
+  selling computer chips at below fair market value.
+      Shultz said West Germany and other nations would also do
+  well to look at what they could do to stimulate demand.
+      Asked whether the U.S. Could reasonably ask its allies to
+  take action to stimulate the world economy without a bold
+  American initiative to reduce the size of the federal budget
+  deficit, Shultz said moves were already underway to tackle the
+  problem.
+      He said by the end of the current fiscal year the deficit
+  would probably be reduced by around 35 billion dlrs against
+  last year, and that the budget being worked on this year would
+  contain a major reduction.
+  
+
diff --git a/reuters/test/18149 b/reuters/test/18149
new file mode 100644
index 0000000000000000000000000000000000000000..9a0baef86581d6b78e68a76521a2a4785a2ccf38
--- /dev/null
+++ b/reuters/test/18149
@@ -0,0 +1,18 @@
+CHAMPION HOME <CHB> SELLS TWO PROPERTIES
+  Champion Home Builders Inc said it
+  sold the Commerce Meadows 600-site manufactured housing rental
+  community in Commerce Township, Michigan, for a pre-tax gain of
+  about 900,000 dlrs and the Heron Cay 610-site adult community
+  in Vero Beach, Florida, for a nominal pre-tax gain.
+      The company said the sales proceeds will be partly used to
+  reduce debt. It said it is shifting its focus away from the
+  development of communities requiring significant equity and
+  having lengthy projected life cycles.
+      The company also said along with local landowners and
+  investors, it will acquire 33-acre tract Northtowne Meadows in
+  the Toledo, Ohio, area for development into 160 home sites and
+  three acres of commercial land.
+      Terms of the transactions and other parties involved were
+  not disclosed.
+  
+
diff --git a/reuters/test/18150 b/reuters/test/18150
new file mode 100644
index 0000000000000000000000000000000000000000..1437b514128fb289df9adeafc7b9a5595808d9b5
--- /dev/null
+++ b/reuters/test/18150
@@ -0,0 +1,44 @@
+ACP STATES SAY EC OILS TAX PLAN BREAKS ACCORDS
+  Developing countries said the European
+  Community (EC) would breach two international agreements if it
+  went ahead with its plans for an oils and fats tax.
+      Ambassadors to the EC from African, Caribbean and Pacific
+  (ACP) states told a press conference the tax would hit the
+  exports of 26 ACP countries.
+      They said the EC failed to follow consultation procedures
+  laid down in the Lome Convention which regulates relations
+  between ACP states and the bloc for moves which could affect
+  trade between the two sides.
+      They also said the EC would be in breach of an undertaking
+  not to bring in new protectionist measures during the current
+  Punta del Este round of world trade negotiations being held
+  under GATT (General Agreement on Tariffs and Trade) auspices.
+      The EC Commission has proposed a tax of up to 330 European
+  currency units (Ecus) a tonne on both imported and EC-produced
+  vegetable and marine fats for human consumption, which could
+  raise up to two billion Ecus a year.
+      EC farm ministers, who would have to approve such a tax,
+  are split on the issue and are expected to decide it at a
+  marathon meeting on EC farm prices beginning in Luxembourg on
+  June 15.
+      Jamaican ambassador Leslie Wilson said ACP countries are
+  convinced this would lead to EC industry substituting products
+  made within the bloc for oil and fat imports. The ACP estimates
+  this would result in a fall of 160 to 185 mln Ecus in its
+  member country exports.
+      "We can't believe the EC would willingly take measures to
+  undermine our countries, but such would be the impact of these
+  measures," Wilson said.
+      The U.S. and Malaysia say their exports would also be hit
+  by the proposed tax and they may take retaliatory action if it
+  is approved.
+      Wilson said the ACP would take such steps only "as a very
+  last resort," but added that the ACP is in touch with other
+  countries which oppose the plan.
+      Wilson, who was chairing the news conference, made it clear
+  Jamaica itself would not be hit by the tax as it does not
+  export oils and fats.
+      Among the worst hit countries would be Ivory Coast,
+  Senegal, Nigeria and Papua New Guinea, the ACP says.
+  
+
diff --git a/reuters/test/18152 b/reuters/test/18152
new file mode 100644
index 0000000000000000000000000000000000000000..ba5162343de9ad6c9f5f93435eb9d194a7580894
--- /dev/null
+++ b/reuters/test/18152
@@ -0,0 +1,12 @@
+BURLINGTON COAT FACTORY <BCF> 2ND QTR NET
+  quarter ended May 2
+      Shr 20 cts vs 17 cts
+      Net 2,319,000 vs 1,950,000
+      Sales 92.4 mln vs 72.2 mln
+      Six mths
+      Shr 1.60 dlrs vs 1.27 dlrs
+      Net 18.7 mln vs 14.8 mln
+      Sales 285.9 mln vs 227.1 mln
+      NOTE: Full name is Burlington Coat Factory Warehouse Corp.
+  
+
diff --git a/reuters/test/18155 b/reuters/test/18155
new file mode 100644
index 0000000000000000000000000000000000000000..a8d7a08e36886bd69f84df71946a9df8bf9e2f4b
--- /dev/null
+++ b/reuters/test/18155
@@ -0,0 +1,13 @@
+CML GROUP INC <CMLI.O> 3RD QTR NET
+  qtr ended May 2
+      Shr 29 cts vs 22 cts
+      Net 1,975,000 vs 1,403,000
+      Revs 68.1 mln vs 54.0 mln
+      Avg shrs 6,722,527 vs 6,597,492
+      Nine mths
+      Shr 1.17 dlrs vs 92 cts
+      Net 7,847,000 vs 6,017,000
+      Revs 209.7 mln vs 175.7 mln
+      Avg shrs 6,687,138 vs 6,549,197
+  
+
diff --git a/reuters/test/18157 b/reuters/test/18157
new file mode 100644
index 0000000000000000000000000000000000000000..a63210ee3fdcb2f0687c60802cb3ec9a757aedb0
--- /dev/null
+++ b/reuters/test/18157
@@ -0,0 +1,10 @@
+BALL CORP <BLL> COMPLETES ACQUISITION OF VERAC
+  Ball Corp said it completed the
+  acquisition of privately held Verac Inc.
+      Terms were not disclosed.
+      The company said the San Diego-based defense systems and
+  software development company had sales of about 23 mln dlrs in
+  1986 and will operate as part of Ball's technical products
+  group.
+  
+
diff --git a/reuters/test/18158 b/reuters/test/18158
new file mode 100644
index 0000000000000000000000000000000000000000..a7abd92dd3b790caa7969bc360fa0fe19e2bb1d2
--- /dev/null
+++ b/reuters/test/18158
@@ -0,0 +1,7 @@
+NODAWAY VALLEY CO <NVCO.O> 1ST QTR NET
+  qtr ended April 30
+      Shr seven cts vs 10 cts
+      Net 158,294 vs 234,829
+      Revs 8,727,242 vs 8,152,478
+  
+
diff --git a/reuters/test/18160 b/reuters/test/18160
new file mode 100644
index 0000000000000000000000000000000000000000..bc73074082f9a049bd2b198ca8a659da8f1bc97b
--- /dev/null
+++ b/reuters/test/18160
@@ -0,0 +1,14 @@
+NEED FOR BIGGER ALLIED FORCE IN GULF PLAYED DOWN
+  Secretary of State George Shultz said
+  today that a boost in allied forces in the Mideast Gulf was not
+  vital to protect shipping against attack but that possible
+  allied contributions should be examined.
+      Asked if he saw the need for a greater military presence by
+  the allies in the gulf, Shultz told reporters, "Not necessarily,
+  particularly, so."
+      But he said an adequate force was needed to deter attack
+  and noted that the British and the French, as well as the
+  United States, maintained naval contingents there.
+      "We have to look at things that others might do," he said.
+  
+
diff --git a/reuters/test/18166 b/reuters/test/18166
new file mode 100644
index 0000000000000000000000000000000000000000..a6858a6ab18a06cd1a53a341ac93d00381a7c102
--- /dev/null
+++ b/reuters/test/18166
@@ -0,0 +1,10 @@
+GAMMA BIOLOGICALS INC <GAMA.O> 4TH QTR MARCH 31
+  Shr profit four cts vs loss 47 cts
+      Net profit 209,000 vs loss 2,164,000
+      Sales 4,849,000 vs 3,682,000
+      Year
+      Shr loss 10 cts vs loss 52 cts
+      Net loss 451,000 vs loss 2,378,000
+      Sales 18.0 mln vs 15.8 mln
+  
+
diff --git a/reuters/test/18176 b/reuters/test/18176
new file mode 100644
index 0000000000000000000000000000000000000000..a78e84b94038c62d48b36949217a0e7c697fdb8d
--- /dev/null
+++ b/reuters/test/18176
@@ -0,0 +1,23 @@
+SKYLINE <SKX.V> EXPECTS TO BEGIN MINE IN JULY
+  Skyline Explorations Ltd said expects
+  construction can begin next month on a gold mine at Johnny
+  Mountain Camp, located 600 miles north of Vancouver.
+      The company said a contract has been let for a 200 to 400
+  tons per day mill and the company is receiving cooperation from
+  provincial and federal agencies on its stage one report,
+  "approval in principal," which is required before actual
+  construction can begin.
+      Skyline said it is optimistic the approval in principal
+  will be received in late June, by which time it expects to have
+  confirmed threshold tonnage and grade targets so construction
+  can begin in July.
+     
+      Skyline said the 1987 exploration drift on 16 vien east at
+  Johnny Mountain has advanced 320 feet. The vein is continuous,
+  averaging four feet thick plus an altered mineralized hanging
+  wall.
+      It said periodic face samples indicate an average grade of
+  1.05 ounces per ton of ore ranging from a low of 0.78 ounce per
+  ton to a high of 55.8 ounces per ton.
+  
+
diff --git a/reuters/test/18177 b/reuters/test/18177
new file mode 100644
index 0000000000000000000000000000000000000000..66faa2f08a8588dce7f3fdc2183b14a3fa56143e
--- /dev/null
+++ b/reuters/test/18177
@@ -0,0 +1,31 @@
+SOYCOMPLEX COULD RALLY ON TIGHT U.S. FEED SUPPLY
+  Nearby months in soybean and soymeal
+  futures could post a short-term rally on tightening supply of
+  livestock feed, even if favorable growing conditions keep the
+  new crop outlook bearish, traders said.
+      "A lot of soymeal dealers are just getting very worried
+  about where processors will get their soybeans this Summer,"
+  one Illinois soyproduct dealer said.
+      Processors are competing vigorously with river dealers for
+  the few soybeans being offered by country elevators, with a
+  Decatur, Illinois processor raising its spot soybean basis bid
+  another two cents today to 10 over July futures.
+      Farmer marketings of old crop soybeans continue very light,
+  with flat prices apparently well below levels they are willing
+  to sell, dealers said.
+      Some terminal elevator operators are coming to the belief
+  that even if futures rally back to last month's highs, country
+  movement may remain light because farmers in many areas are
+  sold out of old crop soybeans, particularly in the eastern half
+  of the Midwest.
+      Soybean processors will continue to take seasonal downtime
+  for maintenance if soybeans remain difficult to buy, reducing
+  the weekly soybean crush rate still further and keeping the
+  spot soymeal basis strong, dealers said.
+      Futures traders said tight cash supplies should help July
+  soybeans and soymeal gain on deferreds. July soymeal has
+  already moved to a premium over the August through October
+  months and old crop July/new crop November soybeans may also
+  move to a July premium later this month, they added.
+  
+
diff --git a/reuters/test/18180 b/reuters/test/18180
new file mode 100644
index 0000000000000000000000000000000000000000..f29dcc73dc5385e7d9419d143587ab73979824ba
--- /dev/null
+++ b/reuters/test/18180
@@ -0,0 +1,7 @@
+LONDON HOUSE INC <LOND.O> YEAR APRIL 30 NET
+  Shr 33 cts vs 26 cts
+      Net 489,351 vs 430,143
+      Revs 6,961,091 vs 6,009,026
+      Avg shrs 1.5 mln vs 1.6 mln
+  
+
diff --git a/reuters/test/18182 b/reuters/test/18182
new file mode 100644
index 0000000000000000000000000000000000000000..ffb9cd1788fbd3f41b2558a51fa17a8d9f18972b
--- /dev/null
+++ b/reuters/test/18182
@@ -0,0 +1,14 @@
+GROUP HAS 5.2 PCT OF DISTRIBUTED LOGIC <DLOG.O>
+  An investor group led by Technology
+  Growth Fund Ltd, an Aspen, Colo., investment firm, said it has
+  acquired 129,000 shares of Distributed Logic Corp, or 5.2 pct
+  of the total, and may try to influence the company.
+      In a filing with the Securities and Exchange Commission,
+  the group, which also includes individual investors and a
+  non-profit foundation, said it bought the stake for 884,414
+  dlrs as an investment in the Anaheim, Calif., company.
+      But it also said it is "investigating the possibility of
+  seeking to influence the composition of the management" of the
+  company and may increase its stake.
+  
+
diff --git a/reuters/test/18185 b/reuters/test/18185
new file mode 100644
index 0000000000000000000000000000000000000000..c31058b481d7bb1307d82f61f736de34a5018647
--- /dev/null
+++ b/reuters/test/18185
@@ -0,0 +1,24 @@
+KAUFMAN SAYS GREENSPAN NOMINATION BAD FOR BONDS
+  Henry Kaufman, managing director of
+  Salomon Brothers Inc, said the nomination of economist Alan
+  Greenspan to replace Federal Reserve Board Chairman Paul
+  Volcker is bearish in the near term for the fixed income and
+  currency markets.
+      "The basic direction of interest rates is not changed. The
+  fundamental direction of interest rates continues to be upward,
+  interrupted by intermittent rallies," Kaufman said in a
+  statement. He said the implication for equity markets in
+  neutral to bullish.
+      Kaufman said, "Unlike Paul Volcker, who entered the office
+  of the Federal Reserve chairman with strong credibility both
+  domestically and internationally, Mr Greenspan will have to
+  demonstrate both his competence and policy independence before
+  he can gain full confidence of the financial markets."
+      Greenspan is most knowledgeable on the behavior of the U.S.
+  economy, while his professional skills in the international
+  area are much more limited, Kaufman noted.
+      "Consequently, although he is well known abroad, his views
+  on issues such as the Less Developed Country Debt may initially
+  carry less weight than have those of Mr Volcker."
+  
+
diff --git a/reuters/test/18186 b/reuters/test/18186
new file mode 100644
index 0000000000000000000000000000000000000000..9a9b68303474ace3b8d99e66050e8a688dbff502
--- /dev/null
+++ b/reuters/test/18186
@@ -0,0 +1,43 @@
+MAJOR U.S. PIPELINE MAY BE CLOSED SEVERAL DAYS
+  The operator of a major U.S. crude oil
+  pipeline, shutdown because of flood damage, said it may be
+  several days before repairs are made and the system is
+  functioning again.
+      Dan Stevens, manager of public and government affairs at
+  Texaco Inc <TX>, operator of the pipeline through its
+  subsidiary Texaco Pipeline Co, said the company hopes repairs
+  will begin in about five days and expects it to take several
+  more days to complete.
+      "At this point we are lining up what we know we need, to get
+  the job done," Stevens said, adding that the timing for repairs
+  will depend on the damage to the pipeline which is difficult to
+  assess because of flooding on the Red River.
+      The pipeline was shipping roughly 225,000 barrels of crude
+  oil per day, or about 55 pct of its capacity during the 30 days
+  preceding its shutdown on Saturday, Stevens said.
+      The pipeline was shut down from Cushing, Okla, to Witchita
+  Falls, Kan, on Saturday due to an undetermined leak at the Red
+  River crossing, near the Oklahoma/Texas border, because of
+  severe rains, a spokesman for Texaco said.
+      Stevens said it was reasonable to suggest the pipeline
+  could operate at full capacity when it reopens in order to make
+  up for the shortfull but cautioned they will talk with
+  customers to determine their requirements.
+      Oil analysts and traders said they were not sure if the 
+  shutdown will continue to raise U.S. oil prices.
+      Monday, after Texaco confirmed that the pipeline had been
+  closed, West Texas Intermediate crude in the spot market and on
+  New York Mercantile Exchange's energy futures complex rose 20
+  cts a barrel.
+      Stevens said it was reasonable to suggest the pipeline
+  could operate at full capacity when it reopens in order to make
+  up for the shortfull but cautioned they will talk with
+  customers to determine their requirements.
+      Oil analysts and traders said they were not sure if the 
+  shutdown will continue to raise U.S. oil prices.
+      Monday, after Texaco confirmed that the pipeline had been
+  closed, West Texas Intermediate crude in the spot market and on
+  New York Mercantile Exchange's energy futures complex rose 20
+  cts a barrel.
+  
+
diff --git a/reuters/test/18187 b/reuters/test/18187
new file mode 100644
index 0000000000000000000000000000000000000000..090488733007ea3e62b242b644f53736b8fd6e43
--- /dev/null
+++ b/reuters/test/18187
@@ -0,0 +1,13 @@
+NETI TECHNOLOGIES <NETFC.O> SELLS SUBSIDIARY
+  Neti Technologies Inc said it has sold
+  for over four mln dlrs U.S. in cash, notes and the assumption
+  of liabilities its Huron Leasing Inc subsidiary to a group of
+  investors headed by a former Huron executive.
+      The company said the transaction will yield about two mln
+  dlrs in cash, Huron sells, leases and services computer
+  hardware.
+      The transaction is subject to approval by the Montreal and
+  Vancouver Stock Exchange and the arrangement of financing by
+  June 15.
+  
+
diff --git a/reuters/test/18188 b/reuters/test/18188
new file mode 100644
index 0000000000000000000000000000000000000000..72d89883421c77f697438bc35ed7f0fcf3f246af
--- /dev/null
+++ b/reuters/test/18188
@@ -0,0 +1,12 @@
+PACIFICORP <PPW> BUYS BUYS COMPUTER FIRM
+  PacifiCorp said it acquired Thomas
+  Nationwide Computer Corp for 25 mln dlrs in cash and 15 mln
+  dlrs in deferred consideration depending on the future
+  performance of the company.
+      Thomas Nationwide leases and re-markets new and used
+  International Business Machines Corp equipment, PacifiCorp
+  said.
+      It said Thomas Nationwide will be combined with its Systems
+  Leasing Corp unit in MacLean, Va.
+  
+
diff --git a/reuters/test/18191 b/reuters/test/18191
new file mode 100644
index 0000000000000000000000000000000000000000..d1bde5527a73aaa5115f8c04e6f6bae2cb3c9b01
--- /dev/null
+++ b/reuters/test/18191
@@ -0,0 +1,11 @@
+FMC CORP <FMC> IN PEROXIDE VENTURE
+  FMC Corp said it has entered into an
+  equally owned joint venture with Indo-Thai Synthetics called
+  Thai Peroxide Co Ltd to build a hydrogen peroxide plant with an
+  initial capacity of 5,000 metric tonnes of 100 pct peroxide
+  north of Bangkok.
+      The company said the plant is expected to starft operating
+  by the fourth quarter of 1988.  It said the venture received
+  grants and incentives from the government of Thailand.
+  
+
diff --git a/reuters/test/18205 b/reuters/test/18205
new file mode 100644
index 0000000000000000000000000000000000000000..353daf8d817a2a667dbf693d61df48192dbdd243
--- /dev/null
+++ b/reuters/test/18205
@@ -0,0 +1,10 @@
+INVESTMENT FIRM UPS FRANCE FUND <FRN> STAKE
+  VBI Corp, a British West Indies
+  investment firm, told the Securities and Exchange Commission it
+  raised its stake in France Fund Inc to 1,075,700 shares, or
+  14.3 pct of the total, from 896,500 shares, or 11.9 pct.
+      VBI said it bought 179,200 France Fund common shares
+  between April 24 and June 2 at prices ranging from 13.000 to
+  14.125 dlrs a share.
+  
+
diff --git a/reuters/test/18210 b/reuters/test/18210
new file mode 100644
index 0000000000000000000000000000000000000000..52f29a850c62b2ab09bbaec8e902a5876a4bdc4c
--- /dev/null
+++ b/reuters/test/18210
@@ -0,0 +1,25 @@
+LYNCH <LGL> PLANS OFFER FOR BECOR <BCW> STOCK
+  Lynch Corp said it will offer 10.50 dlrs
+  a share in cash, 4.50 dlrs in subordinated debentures and a 1/4
+  share in a new company for each Becor Western Inc share
+  outstanding.
+      Lynch said its proposed offer "substantially improves" over
+  the offer of 10.45 dlrs a share in cash and 4.00 dlrs of senior
+  sinking fund debentures made by BCW Acquisition Inc, formed by
+  Becor's management.
+      Lynch Chairman Mario Gabelli, who heads a group which owns
+  12.35 pct of Becor's 16.5 mln outstanding shares, said the
+  Lynch bid "is about one dlr better than the present offer."
+     
+      Gabelli previously said in a filing with the Securities and
+  Exchange Commission he felt the Becor managment buyout was
+  unfar.
+      The Lynch officer said he was invited by other Becor
+  shareholders to make an offer.
+      Following sale of Becor's aerospace subsidiary in February,
+  the management group led by President William Winter announced
+  plans for a 238.1 mln dlr leveraged buyout. was planning to
+  take Becor for about 238.1 mln dlrs.  A shareholder vote on the
+  buyout offer is scheduled for June four.                
+  
+
diff --git a/reuters/test/18213 b/reuters/test/18213
new file mode 100644
index 0000000000000000000000000000000000000000..664e67b3dbb46f1fc5cf8c25ed3fe6f3369586cd
--- /dev/null
+++ b/reuters/test/18213
@@ -0,0 +1,31 @@
+OVERSEAS <OSG> SEES OPEC QUOTAS KEY TO RATES
+  Overseas Shipholding Group Inc president
+  Morton Hyman said if oil production by OPEC rises during the
+  second half of 1987, freight rates for tankers should rise
+  accordingly.
+      Hyman, delivering a speech at the annual shareholders
+  meeting, said international tanker markets were generally weak
+  throughout the first quarter, but since the end of March OPEC
+  oil production has picked up. The result has been a modest
+  improvement in tanker rates.
+      Overseas said 73 pct of its fleet handles liquid cargo.
+     
+      He said tanker requirements decreased in September 1986 as
+  OPEC production quotas dropped and levels of oil stocks rose.
+      For the first quarter 1987, the company reported net income
+  of 10.3 mln dlrs, or 40 cts per share, compared to 9.3 mln
+  dlrs, or 36 cts per share, for the comparable quarter a year
+  ago.
+      The company reported net income for 1986 of 37.3 mln dlrs,
+  or 1.45 dlrs per share.
+     
+      "The improvement in the company's 1986 results, after four
+  years of declining earnings, reflects a sharp, albeit
+  temporary, rise in freight rates in the international tanker
+  markets last summer," Hyman said.
+      He said the Alaskan oil trade continues to be the principal
+  source of employment for its U.S. flag tanker fleet, which
+  represents approximately 15 pct of the company's tonnage.
+      Overseas owns and operates 67 vessels.
+  
+
diff --git a/reuters/test/18217 b/reuters/test/18217
new file mode 100644
index 0000000000000000000000000000000000000000..87e9a6fd3ec15b661829e0ca432dc8ee50cf7b24
--- /dev/null
+++ b/reuters/test/18217
@@ -0,0 +1,24 @@
+B.F. GOODRICH <GR>  CANADA STUDIES PLANT
+  The Quebec government said it joined
+  with B.F. Goodrich Canada Inc to study the feasability of
+  building a vinyl chloride monomer plant in Montreal. The plant
+  would supply manufacturers of PVC construction and other
+  materials in Eastern Canada and the Northeastern U.S.,
+  government officials said.
+      Theys said the  plant would cost about 125 mln Canadian
+  dlrs, with production beginning in 1991 if economic conditions
+  are right. more
+      The Quebec government has said it wants the project to
+  proceed because it would provide future demand for Petromont
+  Inc petrochemical products. Petromont is jointly owned by Union
+  Carbide Canada Ltd <UCC.TO> and the Quebec government's SGF
+  industrial development group. Its Montreal plant would provide
+  ethylene as a raw material for the project.
+       Quebec said it also wants Interprovincial Pipe Line Ltd
+  <IPIPF.O> to adapt its pipeline from Sarnia, Ont., to Montreal
+  to carry natural gas liquids, a decision that will be made by
+  the federal National Energy Board. It said the pipeline could
+  provide Petromont with feedstock at one-third the cost of
+  moving it by rail.
+  
+
diff --git a/reuters/test/18221 b/reuters/test/18221
new file mode 100644
index 0000000000000000000000000000000000000000..dfeda7f5f69d77ff8bf56daa3ec8ad0c0abb84bd
--- /dev/null
+++ b/reuters/test/18221
@@ -0,0 +1,5 @@
+ICCO buffer stock manager to buy 3,000 tonnes cocoa Wednesday, June 3 - official
+
+  ICCO buffer stock manager to buy 3,000 tonnes cocoa Wednesday, June 3 - official
+  
+
diff --git a/reuters/test/18222 b/reuters/test/18222
new file mode 100644
index 0000000000000000000000000000000000000000..6a083f6cade0c85615f4b206bfe53f4b5a73a315
--- /dev/null
+++ b/reuters/test/18222
@@ -0,0 +1,29 @@
+ICCO BUFFER TO BUY 3,000 TONNES COCOA JUNE 3
+  The buffer stock manager of the
+  International Cocoa Organization (ICCO) will tender for about
+  3,000 tonnes of cocoa beans Wednesday, June 3, the ICCO said in
+  a statement.
+      It said all other conditions remain unchanged from the
+  previous announcement.
+      These conditions are that offers from registered companies
+  should be in pounds sterling for cocoa beans for which standard
+  differentials have been set in the ICCO's buffer stock rules,
+  and can be for cocoa afloat through to December shipment and
+  spot to December arrival/delivery.
+      The basis position will be afloat, May/July shipment or
+  June arrival/delivery. For later positions the appropriate
+  carrying costs will be taken into account.
+      The deadline for the receipt of offers by the manager shall
+  be 1330 hrs london time (1230 gmt) in the case of offers
+  emanating from the secondhand market and 1400 hours in the case
+  of offers emanating from the origins.
+      The competitiveness of offers will be assessed by taking
+  into account the standard differentials, the cost of taking
+  cocoa into store (currently 23.00 pounds sterling from "cif
+  landed" and 38.00 pounds sterling from "cif shipping weights"
+  to "in store") and the cost of carry which currently is 12.00
+  pounds sterling per month, the ICCO said.
+      No more than four offers will be considered from each
+  offering party, it added.
+  
+
diff --git a/reuters/test/18223 b/reuters/test/18223
new file mode 100644
index 0000000000000000000000000000000000000000..460247af9366714060ab6f413499dd3ce5936242
--- /dev/null
+++ b/reuters/test/18223
@@ -0,0 +1,12 @@
+GROUP LIFTS STAKE IN SCANDINAVIA FUND <SCF>
+  A foreign investment group told the
+  Securities and Exchange Commission it raised its stake in
+  Scandinavia Fund Inc to 3,040,600 shares, or 46.6 pct of the
+  total outstanding, from 2,829,300 shares, or 43.2 pct.
+      The group, which includes Ingemar Rydin Industritillbehor
+  AB, a Swedish firm, VBI Corp, a British West Indies investment
+  firm, and Norwegian investor Erik Vik, said it bought 211,300
+  Scandinavia common shares since April 30 at prices ranging from
+  10.000 to 10.625 dlrs a share.
+  
+
diff --git a/reuters/test/18225 b/reuters/test/18225
new file mode 100644
index 0000000000000000000000000000000000000000..0f8d67fcca560150a9501b9998dcf142126c9229
--- /dev/null
+++ b/reuters/test/18225
@@ -0,0 +1,9 @@
+MUELLER BRASS LOWERS PRODUCT PRICES
+  Mueller Brass Co said that
+  effective with shipments today, it is adjusting the price of
+  all brass mill products, except free-cutting brass rod and
+  related alloys and copper water tube and related products, to
+  reflect contained copper values at 73 cents a pound, down two
+  cents.
+  
+
diff --git a/reuters/test/18228 b/reuters/test/18228
new file mode 100644
index 0000000000000000000000000000000000000000..2ec86c836bcdf1371e96d1d088595a37387680a9
--- /dev/null
+++ b/reuters/test/18228
@@ -0,0 +1,21 @@
+FUEL STORAGE TANKS IN FRANCE BURST INTO FLAMES
+  Two people were missing and six
+  injured after tanks containing thousands of cubic metres of
+  fuel burst into flames today at a Shell storage unit in Lyon,
+  rescue workers said.
+      The blaze broke out with an explosion around 1330 local
+  time (1130 GMT). Shell is a subsidiary of the Royal Dutch/Shell
+  Group <RD>.
+      Some 200 firemen fought the flames at the gasoline storage
+  unit at Edouard Herriot riverside port complex and appeared to
+  have the blaze under control as night fell. The entire southern
+  section of Lyon was cordoned off.
+      The fire destroyed five giant tanks and threatened four
+  others, the Shell spokesman said. He said that the company
+  estimated between six and seven thousand cubic metres of
+  domestic fuel oil, gasoline and additives had been burned.
+      The total capacity of the burning tanks was over 10,000
+  cubic metres, but some had been empty when an explosion started
+  today's fire, he added.
+  
+
diff --git a/reuters/test/18229 b/reuters/test/18229
new file mode 100644
index 0000000000000000000000000000000000000000..be600fc599ead20a8152fe886ddb8ce6d41ed9b1
--- /dev/null
+++ b/reuters/test/18229
@@ -0,0 +1,25 @@
+PAY 'N PAK <PNP> RECEIVES AMENDED PROPOSAL
+  Pay 'N Pak Stores Inc said it
+  received a revision to one of the two previously disclosed
+  proposals to buy the company.
+      Pay 'N Pak said that the proposal from a leveraged buyout
+  firm had been amended to increase the dividend rate on the
+  cumulative preferred stock to be received by PNP shareholders
+  from 13.5 pct to 17.5 pct.
+      As previoiusly announced, the proposal calls for a
+  transaction in which PNP shareholders would receive a
+  combination of 17.50 dlrs in cash and 2.50 dlrs in liquidation
+  value of cumulative preferred stock for each common share.
+     
+      Under the other proposal received from Paul Bilzerian, PNP
+  shareholders would receive on a blended basis 16.67 dlrs in
+  cash and 3.33 dlrs in liquidation value of cumulative
+  redeemable preferred stock for each common share, the company
+  said.
+      Under the Bilzerian proposal, the dividend rate on the
+  preferred stock would be set so that in the joint opinion of
+  the financial advisor to Bilzerian and the financial advisor to
+  Pay 'N Pak, the preferred stock would trade at its liquidation
+  value on a fully distributed basis, the company said.
+  
+
diff --git a/reuters/test/18231 b/reuters/test/18231
new file mode 100644
index 0000000000000000000000000000000000000000..7bae5730f5e2dc6c8e360ccea56f3b7063e155a1
--- /dev/null
+++ b/reuters/test/18231
@@ -0,0 +1,32 @@
+U.S. TO PROTECT ONLY AMERICAN SHIPS
+  U.S. military forces in the Mideast
+  Gulf are under orders to protect only American flag vessels and
+  occasional U.S. arms deliveries on other ships to
+  "non-belligerent" states in the area, the Pentagon said today.
+      "No one has ever stated or supported a policy of protecting
+  all shipping in those waters," Pentagon spokesman Bob Sims said
+  as the Reagan Administration drew up plans to increase the
+  protective U.S. military presence in the gulf.
+      Sims denied published reports that U.S. Defense Secretary
+  Caspar Weinberger sought air cover to protect all neutral
+  shipping in the western gulf from attacks by Iran and Iraq.
+      "As we have said repeatedly, only American flag vessels are
+  under our protection with the exception, on a limited
+  case-by-case basis, of ships carrying our Foreign Military
+  Sales equipment to friendly, non-belligerent states in the
+  region," Sims said.
+      U.S. warships in the gulf two weeks ago protected a Kuwaiti
+  ship which sailed to Bahrain with U.S. arms for Bahrain and
+  Kuwait. But Sims said Washington had received assurances that
+  the the arms would not be used elsewhere.
+      He said Kuwait, which is turning 11 oil tankers over to
+  U.S. firms to fly the American flag and be protected by the
+  U.S. warships, is not considered a belligerent despite Iranian
+  charges that Kuwait is supporting Iraq in the gulf war.
+      Kuwaiti tankers have come under repeated Iranian attack.
+      Sims refused to say how the United States will beef up its
+  seven-ship Middle East Task Force in the gulf to protect the 11
+  Kuaiti tankers. But Pentagon officials said that additional
+  ships and air cover are under consideration.
+  
+
diff --git a/reuters/test/18232 b/reuters/test/18232
new file mode 100644
index 0000000000000000000000000000000000000000..ca160d8b084111b01ac67be255f69dcfe2b50af0
--- /dev/null
+++ b/reuters/test/18232
@@ -0,0 +1,5 @@
+VIACOM SAYS FEDERAL COURT REJECTS REQUEST TO BLOCK PLANNED MERGER
+
+  VIACOM SAYS FEDERAL COURT REJECTS REQUEST TO BLOCK PLANNED MERGER
+  
+
diff --git a/reuters/test/18234 b/reuters/test/18234
new file mode 100644
index 0000000000000000000000000000000000000000..25c6d452c9aea45ba3633c58618840cb0497cbf1
--- /dev/null
+++ b/reuters/test/18234
@@ -0,0 +1,8 @@
+ASAMERA <ASM> COMPLETES REFINERY SALE
+  Asamera Inc said wholly owned
+  Asamera Oil (U.S.) Inc concluded the 25.25 mln U.S. dlr sale of
+  its Denver refinery to Total Petroleum North America Ltd.
+      In addition, Total is purchasing crude oil and refined
+  product inventories at market value, Asamera said.
+  
+
diff --git a/reuters/test/18236 b/reuters/test/18236
new file mode 100644
index 0000000000000000000000000000000000000000..a49f9cb02dca953832127e5e8775b77a36f6f725
--- /dev/null
+++ b/reuters/test/18236
@@ -0,0 +1,9 @@
+COURT DECLINES TO BLOCK VIACOM <VIA> MERGER
+  Viacom International Inc said the U.S.
+  District Court for the Southern District of New York denied the
+  motion of <Carsey-Werner Co> for a temporary injunction to
+  block the proposed merger of Viacom with a subsidiary of
+  <National Amusements Inc>.
+      Carsey-Werner is the producer of the Cosby Show.
+  
+
diff --git a/reuters/test/18238 b/reuters/test/18238
new file mode 100644
index 0000000000000000000000000000000000000000..55c8720389f37c17f138cac05b9d454c50966742
--- /dev/null
+++ b/reuters/test/18238
@@ -0,0 +1,14 @@
+AEGON N.V. <AEGN.AS> BUYS LIFE INVESTORS SHARES
+  AEGON U.S. Holding Corp, a
+  unit of AEGON N.V. of the Netherlands, and Life Investors Inc
+  <LINV.O> said they have purchased about 451,000 shares of Life
+  Investors common stock for 51.61 dlrs per share cash.
+      The purchase is part of an agreement between the two
+  companies made in November 1981, saying that on or before each
+  April 30 between 1983 and 1987 the companies would offer to buy
+  one-sixth of the number of Life Investors' common stock
+  outstanding as of Dec. 31, 1982, not already owned by AEGON.
+      On Dec. 31 1988 they would offer to buy any and all
+  remaining shares.
+  
+
diff --git a/reuters/test/18239 b/reuters/test/18239
new file mode 100644
index 0000000000000000000000000000000000000000..81b3dea4e2d337ce061fce4609fa009866816d63
--- /dev/null
+++ b/reuters/test/18239
@@ -0,0 +1,11 @@
+WESBANCO <WSBC.O> ACQUIRING BANK OF SISSONVILLE
+  Wesbanco Inc said its board
+  executed a merger agreement with the <Bank of Sissonville>.
+      When the merger is completed, each of the 50,000 shares of
+  the Bank of Sissonville common stock outstanding will be
+  converted into 2.75 shares of Wesbanco common stock, the
+  company said.
+      The Bank of Sissonville has total assets of 25.5 mln dlrs
+  as of Dec 31, 1986, the company said.
+  
+
diff --git a/reuters/test/18242 b/reuters/test/18242
new file mode 100644
index 0000000000000000000000000000000000000000..c02b60f213c3a87d48be1cb01faca3e459f8231f
--- /dev/null
+++ b/reuters/test/18242
@@ -0,0 +1,8 @@
+MUNICIPAL FINANCIAL CORP <MFC.TO> SIX MTHS NET
+  Period ended April 30
+      Shr 71 cts vs 42 cts
+      Shr diluted 62 cts vs 38 cts
+      Net 2,629,704 vs 1,721,384
+      Revs 39.5 mln vs 32.0 mln
+  
+
diff --git a/reuters/test/18243 b/reuters/test/18243
new file mode 100644
index 0000000000000000000000000000000000000000..76f95c2aa32737b7f8068e019967f33f94d57751
--- /dev/null
+++ b/reuters/test/18243
@@ -0,0 +1,12 @@
+COMMONWEALTH MORTGAGE <CCMC.O> 4TH QTR NET
+  Qtr ends April 30
+      Shr 32 cts vs 20 cts
+      Net 1,981,681 dlrs vs 1,022,451 dlrs
+      Avg shrs 6,220,000 vs 5,120,000
+      12 mths
+      Shr 1.22 dlrs vs 59 cts
+      Net 7,005,000 dlrs vs 3,030,000 dlrs
+      Avg shrs 5,737,808 vs 5,120,000
+      NOTE: full name of company is commonwealth mortgage co inc.
+  
+
diff --git a/reuters/test/18249 b/reuters/test/18249
new file mode 100644
index 0000000000000000000000000000000000000000..ab262520abdd84ebe2d3748f2b47b43a58ee9ef0
--- /dev/null
+++ b/reuters/test/18249
@@ -0,0 +1,7 @@
+AARON RENTS INC <ARON.O> YEAR NET
+  year ended March 31
+      Shr 91 cts vs 1.08 dlrs
+      Net 4,800,000 vs 5,800,000
+      Rev 118.7 mln vs 110.3 mln
+  
+
diff --git a/reuters/test/18252 b/reuters/test/18252
new file mode 100644
index 0000000000000000000000000000000000000000..6bec9938d974a8a4e4aa6413f22d41c07c22cf14
--- /dev/null
+++ b/reuters/test/18252
@@ -0,0 +1,57 @@
+HOLLLINGER <HLG.TO> PAYING 50 MLN DLRS FOR BUY
+  Hollinger Inc will pay about 50 mln dlrs
+  cash for its previously reported acquisition of privately owned
+  Unimedia Inc, chairman Conrad Black told reporters after the
+  annual meeting, confirming a published report.
+      Commenting on press reports about the 50 mln dlr price tag,
+  Black said, "That would not be wildly inaccurate," although he
+  declined to disclose the actual cost.
+      Montreal-based Unimedia is Quebec's third largest newspaper
+  group, with three French language daily newspapers in Quebec
+  City, Ottawa and Chicoutimi, Quebec and four printing plants in
+  Ontario and Quebec.
+      Black added that Hollinger would also continue seeking
+  acquisitions of daily newspapers with circulation under 25,000
+  readers. He said Hollinger was currently talking to about 10
+  such newspapers in the U.S. where the company currently owns 23
+  dailies.
+      "There is really no end to the ones that are available," he
+  told reporters, although he added that most remaining
+  acquisition opportunities are in the U.S.
+      He said that Hollinger's 58 pct-owned Daily Telegraph PLC,
+  of London, should become profitable in this year's fourth
+  quarter.
+     
+      For full-year 1987, the Daily Telegraph could break even or
+  better, said Black, citing major reductions in labor costs and
+  improved technology at the Telegraph, Britain's largest
+  circulation quality daily. The Telegraph lost 13.2 mln Canadian
+  dlrs last year.
+      Daily Telegraph chief executive Andrew Knight told
+  reporters after the meeting that the Telegraph's daily
+  circulation had risen by 25,000 since September to about
+  1,150,000 on weekdays, despite added competition from the new
+  Independent daily newspaper.
+     
+      Knight said The Independent was not affecting the
+  Telegraph's growth, but was making inroads into the circulation
+  of other London quality dailies such as The Times and The
+  Guardian.
+      Hollinger chairman Black predicted Hollinger would post
+  1987 net income of about 55 mln dlrs, or one dlr a share,
+  including extraordinary gains from previous sales of
+  discontinued operations. Hollinger lost 87 mln dlrs or 6.54
+  dlrs a share last year on fewer average shares and after an
+  extraordinary loss of 52 mln dlrs.
+     
+      Black told shareholders that first quarter operating
+  earnings on continuing operations amounted to 499,000 dlrs
+  against a year-ago loss of 165,000 dlrs.
+      Revenues on continuing operations rose to 102.1 mln dlrs
+  from 1.5 mln dlrs last year, which did not include Daily
+  Telegraph revenues, he added. Consolidated first quarter
+  figures were not disclosed.
+      He said the Daily Telegraph's first quarter operating loss
+  was sharply reduced from last year.
+  
+
diff --git a/reuters/test/18253 b/reuters/test/18253
new file mode 100644
index 0000000000000000000000000000000000000000..ee87fd17b181a35141601b7648215919e022abcc
--- /dev/null
+++ b/reuters/test/18253
@@ -0,0 +1,10 @@
+TEXAS EASTERN <TEX> UNIT FILES FOR NEW RATES
+  Algonquin Gas Transmission Co, a unit of
+  Texas Eastern Corp, said it has filed for Federal Energy
+  Regulatory Commission approval of new rate schedules.
+      It said it has also filed for proposed service agreements
+  for interruptible and firm transportation service.
+      Algonquin said the filing would allow its customers to move
+  available spot gas supplies to price competitive markets.
+  
+
diff --git a/reuters/test/18254 b/reuters/test/18254
new file mode 100644
index 0000000000000000000000000000000000000000..3e4b2963607fda07dd631255513af91611b8cac7
--- /dev/null
+++ b/reuters/test/18254
@@ -0,0 +1,12 @@
+USX <X> UNIT RAISES PRICES ON CERTAIN GRADES
+  USX Corp's USS division said it was
+  raising prices for all hot rolled bar and semi-finished
+  products 1100 series grades by 10 dlrs per ton effective July
+  One, 1987.
+      The company said the increase reflects current market
+  conditions.
+      The company could not say what percentage the increase
+  reflects from current prices, nor could it say how much per ton
+  the products sell for currently.
+  
+
diff --git a/reuters/test/18257 b/reuters/test/18257
new file mode 100644
index 0000000000000000000000000000000000000000..96260e3e4a78dac44b3715376746b086689b45e5
--- /dev/null
+++ b/reuters/test/18257
@@ -0,0 +1,24 @@
+REAGAN SEEKS ROMANIA TRADE CONCESSION
+  President Reagan called for continued
+  nondiscriminatory treatment for Romanian exports to the United
+  States in the face of congressional opposition because of the
+  Bucharest government's record on human rights.
+      A White House statement said Reagan's decision to press for
+  continuation of so-called Most Favored Nation (MFN) status for
+  Romania had been "exceptionally difficult" and came after "all
+  options were seriously considered."
+      But the statement said that despite concerns about human
+  rights abuses by the Bucharest government, the president had
+  decided that should be continued because it helped stimulate
+  emigration from Romania and gave the United States influence on
+  human rights practices there.
+      The statement was issued as Reagan sent to Congress
+  requests for one-year extensions of MFN for Romania, Hungary
+  and China.
+      The House of Representatives has attached to a trade bill
+  legislation that would temporarily deny MFN for Romania pending
+  certification by Reagan that the country had made progress on
+  human rights. There is no controversy over continuation of MFN
+  for Hungary and China.
+  
+
diff --git a/reuters/test/18258 b/reuters/test/18258
new file mode 100644
index 0000000000000000000000000000000000000000..3096be597c09ad1a4476797cbeda3024f2c39d70
--- /dev/null
+++ b/reuters/test/18258
@@ -0,0 +1,9 @@
+TIMBERLINE INDUSTRIES INC <TIMB.O> 1ST QTR NET
+  Oper shr eight cts vs two cts
+      Oper net 119,000 vs 32,000
+      Sales 12.0 mn vs 11.3 mln
+      Note: Current qtr figures exclude loss from discontinued
+  operations of 30,000 dlrs, or two cts per share, vs loss of
+  54,000 dlrs, or four cts per share.
+  
+
diff --git a/reuters/test/18263 b/reuters/test/18263
new file mode 100644
index 0000000000000000000000000000000000000000..98bebc3a1795a606e76f5580b9dcffb757521760
--- /dev/null
+++ b/reuters/test/18263
@@ -0,0 +1,16 @@
+CCC ACCEPTS BONUS ON BARLEY TO SAUDI ARABIA
+  The Commodity Credit Corporation, CCC,
+  has accepted bids for export bouses to cover sales of 150,000
+  tonnes of U.S. barley to Saudi Arabia, the U.S. Agriculture
+  Department said.
+      The CCC accepted three bonus offers from one exporter which
+  averaged 40.88 dlrs per tonne, it said.
+      The barley is for delivery August 15-November 30 in three
+  shiments of 50,000 tonnes each.
+      The bonus awards were made to Louis Dreyfus Corporation and
+  will be paid in the form of commodities from CCC stocks.
+      An additional 350,000 tonnes of U.S. barley are still
+  available to Saudi Arabia under the Export Enhancement Program
+  initiative annnounced on May 15, 1987, it said.
+  
+
diff --git a/reuters/test/18271 b/reuters/test/18271
new file mode 100644
index 0000000000000000000000000000000000000000..9cec1108c4a7e44fc4c5f209fe5fcab781167ad1
--- /dev/null
+++ b/reuters/test/18271
@@ -0,0 +1,28 @@
+LAST-MINUTE OPPOSITION TO GULF BILL ARISES
+  House Speaker Jim Wright predicted
+  passage of legislation requiring the Reagan administration to
+  provide Congress with a report on its Mideast Gulf policy, but
+  a last-minute revolt by an alliance of liberals and
+  conservatives left the bill's fate in doubt.
+      The legislation was written in the wake of the May 17th
+  Iraqi missile attack on the U.S. frigate Stark in the Gulf,
+  which killed 37 Americans, and President Reagan's decision to
+  protect 11 Kuwaiti oil tankers by putting them under U.S. flags
+  -- effectively making them American ships.
+      Since the administration made known its reflagging plans,
+  congressional leaders complained they had not been consulted,
+  and some charged the policy could lead the United States into
+  the 6 1/2-year-old war between Iran and Iraq.
+      The House was to vote today on a bill -- supported by the
+  Democratic and Republican congressional leadership and the
+  administration -- which demanded a report within seven days on
+  plans to meet the security needs of U.S. forces in the gulf.
+      The resolution was expected to pass without controversy
+  today in the House Foreign Affairs Committee before the full
+  House was to take up the bill. But in a surprise move, liberal
+  Democrats and conservative Republicans on the committee joined
+  in an unusual alliance to oppose the resolution.
+      Liberal Democrats said a lack of any restrictions in the
+  bill implied consent to Reagan's policies.
+  
+
diff --git a/reuters/test/18275 b/reuters/test/18275
new file mode 100644
index 0000000000000000000000000000000000000000..0c5e5eb813d359174db589792408938e11365047
--- /dev/null
+++ b/reuters/test/18275
@@ -0,0 +1,26 @@
+USDA SETS 0/92 PROVISION FOR SOME PRODUCERS
+  Some producers in the 1987 acreage
+  reduction program may be eligible for deficiency payments on 92
+  pct of their enrolled acreage even though none of it is planted
+  with wheat or other program crops, the U.S. Agriculture
+  Department said.
+      The department said the provision of the Farm Disaster
+  Assistance Act will be available to all eligible winter wheat
+  producers, producers of other types of wheat who were prevented
+  from planting their 1987 wheat crop because of a 1986 natural
+  disaster, and all producers who operate farms with program crop
+  acreage bases subject to flooding on 50 pct of such crop's
+  permitted acreage.
+      A producer who did not enroll in the 1987 acreage reduction
+  program may become eligible by signing-up no later than July
+  15. Producers will be informed by the local offices when
+  applications are being accepted, it said.
+      The department said producers of wheat other than winter
+  wheat may use the 0/92 option if they were preventedf from
+  planting their intended acreage with wheat for harvest in 1987
+  because of any natural disasters which occured in 1986 or if
+  the farm is located in a county approved by Farmers Home
+  Administration for emergency loans for such disasters that
+  occurred in 1986.
+  
+
diff --git a/reuters/test/18276 b/reuters/test/18276
new file mode 100644
index 0000000000000000000000000000000000000000..e17c5050a7229886a155eacbc1ced8d98dfd6eea
--- /dev/null
+++ b/reuters/test/18276
@@ -0,0 +1,14 @@
+CCC ACCEPTS BONUS ON POULTRY TO IRAQ -- USDA
+  The Commodity Credit Corporation (CCC)
+  has accepted a bid for an export bonus to cover the sale of
+  15,000 tonnes of frozen poultry to Iraq, the U.S. Agriculture
+  Department said.
+      The poultry is for shipment June-September and the bonus
+  was 719.80 dlrs per tone, it said.
+      The bonus award was made to ConAgra Poultry Co and will be
+  paid in the form of commodities from the inventory of CCC
+  stocks.
+      The purchase completes the Export Enhancement initiative
+  for Frozen Poultry to Iraq announced December 22, 1986.
+  
+
diff --git a/reuters/test/18277 b/reuters/test/18277
new file mode 100644
index 0000000000000000000000000000000000000000..137b993974f04d2992884a346153ee1c0683dc6e
--- /dev/null
+++ b/reuters/test/18277
@@ -0,0 +1,17 @@
+CCC ACCEPTS BONUS ON POULTRY TO EGYPT -- USDA
+  The Commodity Credit Corporation (CCC)
+  has accepted a bid for two bonus offers to cover the sale of
+  10,000 tonnes of frozen poultry to Egypt, the U.S. Agriculture
+  Department said.
+      The poultry is for shipment November, 1987, through August,
+  1988, and the bonus was 473.99 dlrs per tonne for the frozen
+  fryer legs. The bonuses were made to Gress Foods, Inc (5,000
+  tonnes), and Serva International Ltd (5,000 tonnes).
+      The subsidies will be paid to the exporters in the form of
+  commodities from CCC stocks.
+      An additional 8,500 tonnes of frozen poultry remain
+  available to Egypt under the Export Enhancement Program
+  initiative announced Dec 19, 1986, and Feb 27, 1987, the
+  department said.
+  
+
diff --git a/reuters/test/18280 b/reuters/test/18280
new file mode 100644
index 0000000000000000000000000000000000000000..4a0c55e9e8499cda727ac7b2e390bf8e15d537db
--- /dev/null
+++ b/reuters/test/18280
@@ -0,0 +1,45 @@
+PHELPS DODGE <PD> SEES STRONGER COPPER PRICES
+  Phelps Dodge Corp officials said good
+  fundamentals in copper markets should lead to improving prices
+  for the metal.
+      In an interview with Reuters, chairman G. Robert Durham
+  said continued strong demand and low inventories pushed prices
+  up eight to nine pct on the New York Commodities Exchange last
+  month.
+      "Our customers in this country are living off the tailgates
+  of our trucks," he said, referring to tightness of supply and
+  strong demand. "The fundamentals are good."
+     
+      Asked if metal prices will continue to rise, Durham said;
+  "All I know is, fundamentals cannot be ignored."
+      He said copper supplies are lower than they have been for
+  almost 20 years. Last year, copper demand was second highest on
+  record behind 1984, he said.
+      Phelps Dodge is the nation's largest copper company, with
+  annual production expected to reach 500,000 tons this year.
+     
+      During the interview, executive vice president Douglas
+  Yearley said he believed it was only a matter of time before
+  the copper price rose "because there aren't that many new
+  projects coming on, and demand, short of a major recession,
+  will continue to grow modestly."
+      Copper for July delivery rose more than two cts a pound to
+  more than 69 cents in Comex trading today. A one cent a pound
+  rise in copper prices yields 10 mln dlrs in annual earnings for
+  Phelps Dodge, the company said.
+      "Demand has been surprisingly good in 1987, in construction
+  and other areas," Yearley said.
+     
+      New production later this year from a Bingham, Utah, mine
+  owned by Kennecott Corp, a unit of British Petroleum Co PLC's
+  <BP> Standard Oil Co, a mine in New Guinea and Phelps Dodge's
+  own expanded Morenci, Ariz., mine will be offset by production
+  shortfalls in Mexico and Zambia, he said.
+      Durham said production costs at the New Mexico-located
+  Chino mine will be in line with conventional copper production
+  at the company's other mines by the fourth quarter. The
+  company's total production costs, including depreciation but
+  before interest and corporate expense, should be below 50 cts a
+  pound by late 1989 or 1990, he said.
+  
+
diff --git a/reuters/test/18281 b/reuters/test/18281
new file mode 100644
index 0000000000000000000000000000000000000000..21b819c3d835aedf532bf8288866b3251ca23615
--- /dev/null
+++ b/reuters/test/18281
@@ -0,0 +1,14 @@
+CCC CREDIT GUARANTEES TO HAITI AMENDED
+  The Commodity Credit Corporation (CCC)
+  has amended its Export Credit Guarantee Program line to Haiti
+  to add one mln dlrs in guarantees for sales of U.S. wood
+  products, the U.S. Agriculture Department said.
+      The action increases the value of export credit guarantees
+  for wood products to Haiti from 1.8 to 2.8  mln dlrs and the
+  total value of export credit guarantees authorized to Haiti for
+  the current fiscal year for all commodities to 12.0 mln dlrs,
+  the department said.
+      All sales must be registered and exports completed by Sept
+  30, 1987, it noted.
+  
+
diff --git a/reuters/test/18283 b/reuters/test/18283
new file mode 100644
index 0000000000000000000000000000000000000000..38bb354c4f1df1debe415661f3fec65fc686cb41
--- /dev/null
+++ b/reuters/test/18283
@@ -0,0 +1,6 @@
+TEXAS AMERICAN ENERGY CORP <TAE> 1ST QTR
+  Shr 42 cts vs 22 cts
+      Net 3,445,000 vs 2,326,000
+      Revs 41.7 mln vs 51.5 mln
+  
+
diff --git a/reuters/test/18294 b/reuters/test/18294
new file mode 100644
index 0000000000000000000000000000000000000000..233ea841f18b0334c2dab0b56c127439640936f9
--- /dev/null
+++ b/reuters/test/18294
@@ -0,0 +1,6 @@
+INTERMETCO LTD <INT.TO> SIX MTHS APRIL 30 NET
+  Shr 18 cts vs 27 cts
+      Net 283,000 vs 435,000
+      Revs 97.8 mln vs 95.1 mln
+  
+
diff --git a/reuters/test/18296 b/reuters/test/18296
new file mode 100644
index 0000000000000000000000000000000000000000..49d9bd4c9b6a8b77b5849491b793639aac5246d2
--- /dev/null
+++ b/reuters/test/18296
@@ -0,0 +1,9 @@
+FED TO RELEASE U.S. APRIL CONSUMER CREDIT JUNE 5
+  The Federal Reserve Board said it
+  would release April consumer instalment credit figures on
+  Friday.
+      No fixed time was set for the release.
+      Consumer credit fell a seasonally adjusted 63 mln dlrs in
+  March after rising 1.01 billion dlrs in February.
+  
+
diff --git a/reuters/test/18297 b/reuters/test/18297
new file mode 100644
index 0000000000000000000000000000000000000000..6fb2901c46fc4b9a341a3cf0373a041ae9c5efc5
--- /dev/null
+++ b/reuters/test/18297
@@ -0,0 +1,20 @@
+U.S. WHEAT IN SENEGAL MARKET -- USDA
+  After a highly favorable reception of
+  a trial batch of bread baked from 300 lbs of U.S. wheat flour
+  last February, the Senegalese appear ready to take delivery of
+  a first tranche of 10,500 tonnes of mixed U.S. wheat, the U.S.
+  Agriculture Department said.
+      In its report on U.S. Export Markets for U.S. Grain, the
+  department noted Senegal had bought 100,000 tonnes of wheat
+  under the Export Enhancement Program last November, but local
+  opposition from millers, accustomed to French wheat, has been
+  delaying deliveries.
+      As a result there were a series of baking seminars as well
+  as the trial batch, in an effort to satisfy local flour millers
+  and convince key officials of the qualities of U.S. wheat.
+      The department said if deliveries of U.S. wheat to Senegal
+  remain on track, the U.S. could dominate a wheat market that
+  had been expected to import 140,000 tonnes of mostly French
+  wheat during the 1987/88 (July-June) season.
+  
+
diff --git a/reuters/test/18300 b/reuters/test/18300
new file mode 100644
index 0000000000000000000000000000000000000000..d227737a4cdb090ad23e6b3c4474fe9112605c70
--- /dev/null
+++ b/reuters/test/18300
@@ -0,0 +1,14 @@
+PROFESSOR LIFTS BANC TEXAS <BTX> PREFERRED STAKE
+  A University of Massachusetts finance
+  professor said he raised his stake in Banc Texas Group Inc to
+  45,340 shares of 1.4625 dlr cumulative preferred stock, or 7.4
+  pct of the total, from 30,300 shares, or 5.0 pct.
+      In a filing with the Securities and Exchange Commission,
+  Ben Shirley Branch also said he bought 52,025 shares of Class A
+  cumulative convertible preferred stock, or 5.9 pct of the
+  total, for 160,000 dlrs, bringing his total investment in both
+  preferred series to about 330,000 dlrs.
+      Branch said he bought the stock as an investment, but
+  reserved the right to try to influence the company.
+  
+
diff --git a/reuters/test/18302 b/reuters/test/18302
new file mode 100644
index 0000000000000000000000000000000000000000..679eef0e55644bcf6535a491d0e290e9077ef70c
--- /dev/null
+++ b/reuters/test/18302
@@ -0,0 +1,49 @@
+INVESTMENT CRUCIAL TO U.S. TEXTILE RECOVERY
+  With more private investment, not more
+  protection, the U.S. textile industry could become competitive
+  with the most modern foreign producers, analysts from two
+  congressional agencies said today.
+      The Office of Technology Assessment, a nonpartisan arm of
+  Congress told a House Ways and Means Trade Subcommittee hearing
+  there was still concern for the future of parts of the U.S.
+  textile and apparel industry, but there was more reason for
+  optimism than a few years ago.
+      "While textile producers are making significant
+  investments, they could do more," OTA analyst Henry Kelly said.
+      The Congressional Budget Office (CBO), the nonpartisan
+  budget analysis arm of Congress, said federal loans or loan
+  guarantees would be preferable options for Congress rather than
+  increased trade protection which could lead to foreign
+  retaliation.
+      CBO analyst Edward Gramlich said past trade protections,
+  first imposed in the 1950's have had only a small benefit for
+  profits and investments of domestic firms.
+      Trade Subcommittee chairman, Rep. Sam Gibbons, said the
+  agencies analyses seemed to agree with his opinion against
+  congressional approval of protectionist textile quota
+  legislation aimed mainly at Western Europe, Japan and other
+  Asian textile producing countries.
+      President Reagan last year vetoed a textile protection bill
+  but it was reintroduced in this session of Congress and is
+  expected to be voted on in the House this year.
+      However, approval this year is in doubt because passage of
+  a major trade bill without specific protections for textiles
+  showed a weakening of support for the legislation.
+      Most U.S. producers have fallen behind other foreign
+  producers in the use of modern textile and apparel production
+  equipment and net imports are growing faster than the domestic
+  markets, Kelly said.
+      He added that private investment in the textile and
+  clothing industry in 1983 of 0.5 pct was less than one-seventh
+  the average manufacturing investment of 3.9 pct.
+      Despite existing import quotas and tariffs, imports of
+  textiles grew 26 pct in 1986 and imports of apparel grew 14 pct
+  while U.S. production rose only 1.9 pct.
+      "The traditional industry seems destined to be replaced by
+  new technology, imports, or some combination of both. While the
+  industry may not be able to compete in all domestic markets
+  that it enjoyed twenty years ago, the results of our research
+  indicate that portions of the domestic market can be recovered,
+  and that exports can be expanded," Kelly said.
+  
+
diff --git a/reuters/test/18303 b/reuters/test/18303
new file mode 100644
index 0000000000000000000000000000000000000000..ff8d850514190fd89ed4644f6c5fce4bdfbac1a5
--- /dev/null
+++ b/reuters/test/18303
@@ -0,0 +1,7 @@
+<IONE INC> SIX MONTHS MARCH 31 NET
+  Shr two cts vs n.a.
+      Net 68,281
+      Revs 639,471
+      NOTE: Company became public in March 1987
+  
+
diff --git a/reuters/test/18306 b/reuters/test/18306
new file mode 100644
index 0000000000000000000000000000000000000000..ab484480a380a158bb070dd096a304a1ae9aa11a
--- /dev/null
+++ b/reuters/test/18306
@@ -0,0 +1,16 @@
+RAINS AID MANITOBA CROPS DURING WEEK
+  Widespread, soaking rains aided crop
+  development across the province, with the northwest crop
+  producing region receiving the most precipitation, according to
+  the Manitoba Agriculture weekly crop report.
+      The rains replenished formerly low soil moisture reserves,
+  with reserves in all areas now rated good, the report said.
+      Plantings were virtually complete across the province and
+  germination was well advanced. However, some fields still
+  showed spotty stands.
+      Cereal crops in the southwest were 90 pct germinated, with
+  some fields already in the subsequent tillering stage, it said.
+  Oilseeds in the northwest region were about 80 pct emerged in
+  many areas, with other regions 50 to 70 pct emerged.
+  
+
diff --git a/reuters/test/18307 b/reuters/test/18307
new file mode 100644
index 0000000000000000000000000000000000000000..089791a2954b7f8c9f2f3cae9b6100fae816299a
--- /dev/null
+++ b/reuters/test/18307
@@ -0,0 +1,8 @@
+ATLAS YELLOWKNIFE <AY.TO> SIX MTHS LOSS
+  Period ended March 31
+      Shr loss nil vs profit one ct
+      Net loss 36,000 vs profit 310,000
+      Revs 1,172,000 vs 1,686,000
+      Note: Full name Atlas Yellowknife Resources Ltd.
+  
+
diff --git a/reuters/test/18308 b/reuters/test/18308
new file mode 100644
index 0000000000000000000000000000000000000000..5923defc4a3da53170bb33fbe2dc854017dc47e9
--- /dev/null
+++ b/reuters/test/18308
@@ -0,0 +1,6 @@
+WOODWARD'S LTD <WDSA.TO> 1ST QTR MAY 2 LOSS
+  Shr loss 32 cts vs loss 37 cts
+      Net loss 5,374,000 vs loss 6,159,000
+      Revs 241.3 mln vs 253.2 mln
+  
+
diff --git a/reuters/test/18309 b/reuters/test/18309
new file mode 100644
index 0000000000000000000000000000000000000000..6436bd063d737533a083fae554a06906776d892a
--- /dev/null
+++ b/reuters/test/18309
@@ -0,0 +1,10 @@
+COMMONWEALTH MORTGAGE CO INC <CCMC.O> 4TH QTR
+  Qtr ended April 30.
+      Shr 32 cts vs 20 cts
+      Net 1,982,000 vs 1,022,000
+      Year
+      Shr 1.22 dlrs vs 59 cts
+      Net 7,005,000 vs 3,030,000
+      Assets 191.3 mln vs 116.5 mln
+  
+
diff --git a/reuters/test/18311 b/reuters/test/18311
new file mode 100644
index 0000000000000000000000000000000000000000..5bdf5ea9928d0d4655d306702b5ba3f9d10b00e2
--- /dev/null
+++ b/reuters/test/18311
@@ -0,0 +1,5 @@
+API SAYS DISTILLATE STOCKS UP 2.85 MLN BBLS, GASOLINE OFF 2.37 MLN, CRUDE OFF 1.13 MLN 
+
+  API SAYS DISTILLATE STOCKS UP 2.85 MLN BBLS, GASOLINE OFF 2.37 MLN, CRUDE OFF 1.13 MLN 
+  
+
diff --git a/reuters/test/18313 b/reuters/test/18313
new file mode 100644
index 0000000000000000000000000000000000000000..626c2aded163d5bbf4b58f7c326b9b183080ee10
--- /dev/null
+++ b/reuters/test/18313
@@ -0,0 +1,12 @@
+STOCKHOLDERS WON'T PURSUE CONTINENTAL <CUO> BID
+  Continental Associates, a group of four
+  shareholders who hold about 5.02 pct of of Continental
+  Materials Corp stock, said it will not pursue a tender offer
+  for all of its shares.
+      The shareholders said they were told that Continental
+  Materials directors had no interest in selling the company.
+      Late yesterday, Continental Materials board said it decided
+  not to give further consideration to a "business combination"
+  proposed by the group of St. Louis businessmen.
+  
+
diff --git a/reuters/test/18317 b/reuters/test/18317
new file mode 100644
index 0000000000000000000000000000000000000000..e6a467b97eb295c45edd7d6b8c478d63dacd1aa1
--- /dev/null
+++ b/reuters/test/18317
@@ -0,0 +1,60 @@
+PHELPS DODGE <PD> SETS SIGHTS ON ACQUISITION
+  Phelps Dodge Corp chairman G. Robert
+  Durham said the company is prepared to make another large
+  non-copper acquisition and that a deal could be struck in the
+  near future.
+      In an interview with Reuters, Durham said the company was
+  examining potential candidates but not yet talking with any.
+      He declined to name the companies but said a deal could
+  occur as soon as the second half of 1987.
+     
+      Phelps Dodge, which ranks as the largest copper producer in
+  the U.S., last year paid 240 mln dlrs for Columbian Chemicals
+  Co, a maker of carbon black which is used in rubber and tires
+  among other products.
+      The purchase was part of a strategic plan to diversify and
+  eventually match earnings from non-copper operations and copper
+  operations.
+      Phelps Dodge could spend between 250 mln and 500 mln dlrs
+  to buy another non-copper company, Durham said, citing about
+  100 mln dlrs of cash and 580 mln dlrs of untapped bank credit.
+     
+      Any acquisition candidate would have to have a different
+  economic cycle than copper, substantial earnings and good
+  management, he said. Phelps Dodge would only want a friendly
+  deal, he added.
+      "We're not talking high-tech, or financial services or
+  about a perfume company," he said. "We want a good basic
+  industrial company that will fit into our management
+  structure," Durham said.
+     
+      During the interview, Durham and other executives also said
+  continued strong demand and tight copper supply should lead to
+  higher prices for the metal.
+      "In my view, it's not a matter of if but when the price
+  (for copper) will improve because there aren't that many new
+  projects coming on, and demand, short of a major recession,
+  will continue to grow modestly," said executive vice president
+  Douglas Yearley. Phelps Dodge continues to lower its cost of
+  producing copper, the executives said. Costs should be below 50
+  cents a pound, after depreciation but before interest and
+  corporate expense, by 1989 or 1990.
+      Production costs are about 56 to 57 cents a pound now
+  compared to one dlr a pound in 1981, some Wall St analysts
+  said.
+      Durham said copper supplies are lower than they have been
+  for almost 20 years and demand continued to be strong.
+      He declined to project results for the second quarter or
+  year. But he said the quarter was going well and the rise in
+  copper prices in the last month will help results.
+      Durham said last month that the second quarter should match
+  the first quarter when earnings rose about 11 pct to 16.8 mln
+  dlrs or 49 cts a share.
+      First quarter sales rose 61.5 pct to 372.9 mln dlrs,
+  reflecting the acquisition of Columbian Chemicals and increased
+  copper shipments from the Chino copper mine in New Mexico, also
+  acquired last year.
+      Analysts are projecting 1987 earnings of 2.20 dlrs to 2.75
+  dlrs a share, up sharply from 1.79 dlrs in 1986.
+  
+
diff --git a/reuters/test/18321 b/reuters/test/18321
new file mode 100644
index 0000000000000000000000000000000000000000..8f18eea340e0e6713ca69345c43cf84fa86ccc65
--- /dev/null
+++ b/reuters/test/18321
@@ -0,0 +1,12 @@
+TREASURY TO PUBLISH U.S. RESERVE ASSETS MONTHLY
+  The Treasury Department said it would
+  release data on U.S. reserve assets on a monthly basis from now
+  on instead of quarterly.
+      Reserve assets are held in gold, special drawing rights
+  with the Internatinal Monetary Fund, foreign currencies and in
+  a U.S. reserve position in the IMF.
+      Assets totaled 46.59 billion dlrs at the end of April,
+  compared with 48.82 billion dlrs at the end of March, the
+  Treasury said.
+  
+
diff --git a/reuters/test/18323 b/reuters/test/18323
new file mode 100644
index 0000000000000000000000000000000000000000..721e33421b2fb7c4a05eed12a71cd4c8ec29bfd2
--- /dev/null
+++ b/reuters/test/18323
@@ -0,0 +1,14 @@
+MEXICO HAS NO PLANS TO LEAVE ICO
+  Mexico has no intention of leaving
+  the International Coffee Organization (ICO), in the event of
+  Brazil withdrawing from the group, the Mexican Coffee Institute
+  (IMC) said.
+      The IMC said in a statement the ICO is an important
+  instrument for ensuring producers obtain an adequate price.
+  Mexico currently produces around five mln 60-kilo bags of
+  coffee per year.
+      Brazil said during a meeting of coffee producers in Rio de
+  Janeiro over the weekend that it would consider leaving the ICO
+  if its export quota was reduced by the organization.
+  
+
diff --git a/reuters/test/18325 b/reuters/test/18325
new file mode 100644
index 0000000000000000000000000000000000000000..481c9d1ff9b319de8e7931a557c237020a838402
--- /dev/null
+++ b/reuters/test/18325
@@ -0,0 +1,21 @@
+AMOCO <AN> SAYS DOME <DMP> BUY GOOD FOR CANADA
+  Amoco Corp's wholly owned Amoco
+  Canada Petroleum Co Ltd said its proposed 5.22-billion-
+  Canadian-dlr acquisition of Dome Petroleum Ltd will benefit
+  Canada just like the foreign investment that made possible
+  commercial development of Alberta's oilsands.
+      Amoco Canada president T. Don Stacy told an oilsands
+  conference that "Amoco Canada has presented the solution to the
+  Dome problem, and we're investing our confidence, dollars and
+  determination to make that solution work."
+      The Amoco buyout of debt-burdened Dome has angered Canadian
+  nationalists, who want a Canadian buyer for Dome.
+      Stacy described Amoco Canada's previously reported share
+  offer proposal as a chance to increase Canadian ownership of
+  the country's oil and gas industry, now at about 50 pct.
+      He reiterated that Amoco planned virtually no layoffs of
+  Dome employees. He also reaffirmed that Amoco would reinvest in
+  Amoco Canada-Dome properties all available cash flow for five
+  years after the acquisition.
+  
+
diff --git a/reuters/test/18326 b/reuters/test/18326
new file mode 100644
index 0000000000000000000000000000000000000000..abd758e998e6f057dc27ba965da0aee7130bc02b
--- /dev/null
+++ b/reuters/test/18326
@@ -0,0 +1,15 @@
+MINNTECH CORP <MNTX.O> 4TH QTR MAR 31 NET
+  Opr shr nil vs seven cts
+      Opr net 3,000 vs 99,000
+      Revs 2,745,000 vs 2,395,000
+      Avg shrs 1,500,000 vs 1,375,000
+      Year
+      Opr shr 24 cts vs 20 cts
+      Opr net 343,000 vs 271,000
+      Revs 10.7 mln vs 8,232,000
+      Avg shrs 1,459,000 vs 1,341,000
+      NOTE: Earnings for year exclude gains due to tax loss
+  carryforward of 210,000 dlrs or 14 cts a share in 1987 and
+  198,000 dlrs or 15 cts in 1986.
+  
+
diff --git a/reuters/test/18328 b/reuters/test/18328
new file mode 100644
index 0000000000000000000000000000000000000000..6f1566f31ef21f605387660649a24da227f3c917
--- /dev/null
+++ b/reuters/test/18328
@@ -0,0 +1,32 @@
+U.S. HOUSE PASSES GULF BILL DESPITE OPPOSITION
+  The U.S. House of Representatives 
+  approved a bill that requires the Reagan administration to
+  provide Congress with a report on its Gulf policy but does not
+  place any restrictions on its actions.
+      The bill passed 305-102 -- winning a necessary two-thirds
+  of those voting -- despite a last-minute revolt by an alliance
+  of liberal Democrats and conservative Republicans who sought to
+  defeat it as a signal that a growing number of legislators
+  oppose President Reagan's policies in the region.
+      The legislation was passed in the wake of the May 17th
+  Iraqi missile attack on the U.S. frigate Stark in the Gulf,
+  which killed 37 Americans, and Reagan's decision to protect 11
+  Kuwaiti oil tankers by putting them under U.S. flags --
+  effectively making them American ships.
+      The legislation -- supported by Congress' Democratic and
+  Republican leadership as well as by the administration --
+  required Defense Secretary Caspar Weinberger to provide a
+  report to Congress, within seven days of enactment, on plans to
+  protect U.S. warships and flag ships in the Persian Gulf.
+      It did not, however, place any restrictions on the
+  administration as it proceeds to reflag the Kuwaiti ships and
+  thus has no immediate effect on U.S. policy.
+      The Senate was expected to approve the legislation this
+  week. The bill would then be sent to Reagan for signature.
+      Supporters of the bill said passage of the bill was only a
+  first step toward a greater congressional involvement in
+  formulating policy.
+      But Democratic critics said the bill did not ask the
+  administration to address tough policy questions in the report.
+  
+
diff --git a/reuters/test/18329 b/reuters/test/18329
new file mode 100644
index 0000000000000000000000000000000000000000..1194a4612ae1dc8a40976271375891e0c48e8df6
--- /dev/null
+++ b/reuters/test/18329
@@ -0,0 +1,28 @@
+U.S. SENATE TEAM WANTS MULTINATIONAL GULF FORCE
+  The leaders of a U.S. Senate team probing
+  American defense strategy in the MidEast Gulf said they favored
+  a multinational force to keep oil flowing through the waterway.
+      Sen. John Glenn and John Warner, in Kuwait as part of a
+  Gulf Arab tour, said at a news conference that top officials in
+  the area appeared ready to discuss extra facilities needed if
+  the U.S. upgraded its defense role.
+      The Senate team next heads for the United Arab Emirates,
+  their last stop on a fact-finding mission prompted by Reagan
+  administration plans to let half of Kuwait's 22-tanker fleet
+  fly the U.S. flag.
+      Glenn and Warner said the U.S., Britain and France, should
+  explore the possibility of a unified Gulf force.
+      "The American ships, the British ships, the French ships now
+  talk to each other and all we've got to do is formalize this
+  arrangement," Warner said.
+      Glenn said a multinational force could be effectively
+  deployed within 24 hours of a decision.
+      Glenn voiced a preference for a United Nations
+  multinational force, or failing that, an American, British,
+  French force with cooperation from the Gulf Arab states.
+      Warner voiced concern that the Soviet Union might use the
+  situation in the Gulf to raise its presence. "And,
+  unequivocally, all GCC states we have talked with, have said
+  that would not be in the interests of the Arabian peninsula."
+  
+
diff --git a/reuters/test/18332 b/reuters/test/18332
new file mode 100644
index 0000000000000000000000000000000000000000..b7ec22a3f9370774d75c85ba839d376d66be8066
--- /dev/null
+++ b/reuters/test/18332
@@ -0,0 +1,23 @@
+COLOMBIAN GROUP SUSPENDS BOMBINGS OF PIPELINES
+  A Colombian group announced the suspension
+  of its bombings of oil pipelines pending the government's levy
+  of a social tax on foreign petroleum companies and an 800 mln
+  dlrs fine on the Occidental Petroleum Corp <OXY>.
+      There was no indication the government would meet the
+  conditions demanded by the leftist National Liberation Army
+  (ELN).
+      According to the state oil firm, ECOPETROL, the ELN carried
+  out 72 attacks on petroleum pipelines between 1984 and 1986.
+      The assaults, the most recent launched two months ago, have
+  caused an estimated total of 50 mln dlrs in damage.
+      In a communique, the ELN said it would demand a tax of one
+  dollar per barrel of crude oil pumped by foreign firms as a
+  condition for maintaining its suspension of the assaults.
+      Foreign oil firms pump an average of 225,083 barrels per
+  day in Colombia. Colombian tax authorities are investigating
+  Occidental, a U.S.-owned firm, for alleged tax evasion.
+      If the charges are proven, the firm could face a fine of up
+  to 800 mln dlrs. The ELN demands the government charge the
+  penalty.
+  
+
diff --git a/reuters/test/18334 b/reuters/test/18334
new file mode 100644
index 0000000000000000000000000000000000000000..aaf7eb9eedeb5f59d464ff4d7b95cb7339378b7e
--- /dev/null
+++ b/reuters/test/18334
@@ -0,0 +1,14 @@
+INVESTMENT FIRMS HAVE 7.7 PCT OF MIDWAY <MDWY.O>
+  Two affiliated investment firms told
+  the Securities and Exchange Commission they have acquired
+  593,000 shares of Midway Airlines Inc, or 7.7 pct of the total
+  outstanding common stock.
+      The firms, Boston-based FMR Corp and Fidelity International
+  Ltd, a Bermuda-based investment advisory firm, said they bought
+  the stake "to acquire an equity interest in the company in
+  pursuit of specified investment objectives...."
+      The firms said they may increase or decrease their stake in
+  the company, but have no plans to seek control of the company
+  or representation on its board.
+  
+
diff --git a/reuters/test/18336 b/reuters/test/18336
new file mode 100644
index 0000000000000000000000000000000000000000..be9b2b6ddf64a245182b52a0c19ae47d4df73ef7
--- /dev/null
+++ b/reuters/test/18336
@@ -0,0 +1,7 @@
+WICKES <WIX> COMPLETES PURCHASE
+  Wickes Cos Inc said it has
+  completed the purchase of Dura Corp for an undisclosed amount.
+      Dura, a supplier of automotive equipment, had annual sales
+  of over 100 mln dlrs.
+  
+
diff --git a/reuters/test/18337 b/reuters/test/18337
new file mode 100644
index 0000000000000000000000000000000000000000..fd4bd9ee931ccf5b2ce795459e7c62ec13a1d033
--- /dev/null
+++ b/reuters/test/18337
@@ -0,0 +1,22 @@
+COMINCO <CLT> SETS TENTATIVE TALKS ON STRIKE
+  Cominco Ltd said it set
+  tentative talks with three striking union locals that rejected
+  on Saturday a three-year contract offer at Cominco's Trail and
+  Kimberley, British Columbia lead-zinc operations.
+      The locals, part of United Steelworkers of America,
+  represent 2,600 production and maintenance workers. No date has
+  been set for the talks, the spokesman replied to a query.
+      The spokesman said talks were still ongoing with the two
+  other striking locals, representing 600 office and technical
+  workers. Production at Trail and Kimberley has been shut down
+  since the strike started May 9.
+      Each of the five locals has a separate contract that
+  expired April 30, but the main issues are similar.
+      The Trail smelter produced 240,000 long tons of zinc and
+  110,000 long tons of lead last year, while the Sullivan mine at
+  Kimberley produced 2.2 mln long tons of ore last year, most for
+  processing at Trail.
+      Revenues from Trail's smelter totaled 356 mln Canadian dlrs
+  in 1986.
+  
+
diff --git a/reuters/test/18339 b/reuters/test/18339
new file mode 100644
index 0000000000000000000000000000000000000000..85c810fedb31d635851bb2b252908022d4af066f
--- /dev/null
+++ b/reuters/test/18339
@@ -0,0 +1,17 @@
+PHELPS DODGE SEEKS TO DIVERSIFY MORE FROM COPPER
+  Phelps Dodge Corp is prepared to make
+  another large non-copper acquisition and a deal could be struck
+  in the near future, chairman G. Robert Durham said.
+      Durham told Reuters the company was examining potential
+  candidates but not yet talking with any. Any acquisition must
+  have a different economic cycle to copper, he said.
+      Phelps Dodge, the largest U.S. copper producer, last year
+  paid 240 mln dlrs for Columbian Chemicals Co which makes carbon
+  black used in rubber and tires. The purchase was part of a
+  strategic plan to diversify and then match earnings between
+  copper and non-copper operations.
+      The company could spend between 250 mln and 500 mln dlrs to
+  buy another non-copper firm, Durham said, citing 100 mln dlrs
+  of cash and 580 mln dlrs of untapped bank credit.
+  
+
diff --git a/reuters/test/18340 b/reuters/test/18340
new file mode 100644
index 0000000000000000000000000000000000000000..c83d5ccf4f3f841816f8b2ea9c1b2a8a655c5fc5
--- /dev/null
+++ b/reuters/test/18340
@@ -0,0 +1,28 @@
+EC WATCHING GULF WAR DEVELOPMENTS
+  The European Community (EC) should
+  watch very carefully for any developments in the Gulf War and
+  their consequences on the oil market, EC Energy Commissioner
+  Nicolas Mosar said today.
+      Speaking two weeks after a U.S. warship was attacked in the
+  Gulf, Mosar warned, "An escalation in the Gulf would increase
+  tensions in the oil market."
+      "But I do not want to be alarmist," he told a news conference
+  after an EC energy ministers meeting in Luxembourg.
+      He said the volume of EC oil imports from the Gulf had
+  declined to around 31 pct of total oil imports in the first
+  three months of 1987 against 35 pct in the same period last
+  year. "There are also other potential sources of supplies in the
+  world," he added.
+      The issue of Gulf oil imports was not discussed at the
+  ministers' meeting, he added.
+      A EC committee of national experts in the so-called oil
+  supply group would discuss Gulf oil supplies at their bi-annual
+  meeting on June 19, he said.
+      But any major decisions would have to be reserved for EC
+  foreign ministers, diplomats said.
+      West European nations have so far shown little enthusiasm
+  for backing a U.S. plan to give military protection to merchant
+  ships in the Gulf which could help insure the safety of oil
+  supplies.
+  
+
diff --git a/reuters/test/18342 b/reuters/test/18342
new file mode 100644
index 0000000000000000000000000000000000000000..3f95ffd0397195ca3711c5a251003a5c2cfcc77a
--- /dev/null
+++ b/reuters/test/18342
@@ -0,0 +1,10 @@
+BALL CORP <BLL> COMPLETES ACQUISITION
+  Ball Corp said it completed the
+  purchase of privately held <Verac Inc>, a San Diego defense
+  systems and software development company.
+      Terms of the acquisition were not disclosed. Verac had 1986
+  sales of about 23 mln dlrs.
+      Verac will operate in San Diego as part of Ball's technical
+  products group.
+  
+
diff --git a/reuters/test/18345 b/reuters/test/18345
new file mode 100644
index 0000000000000000000000000000000000000000..e9f062de2a480ffa4b1c9c67a88bffe52822a349
--- /dev/null
+++ b/reuters/test/18345
@@ -0,0 +1,17 @@
+ALBERTA SEEDING VIRTUALLY COMPLETE
+  Ninety-six pct of Alberta and
+  northeastern British Columbia crops have been seeded, about a
+  week ahead of the 10 year average, according to the Alberta
+  wheat pool report.
+      Hard red spring wheat accounts for most acreage with 6.0
+  mln estimated for this year, little changed from last year.
+  Oats acreage of 1.95 mln is unchanged on last year and barley
+  area of 5.9 mln is also similar to last year. Rapeseed planting
+  of an estimated 3.24 mln is expected five pct up on 1986. The
+  south and south central areas of Alberta lacked moisture with
+  germination patchy at best. Growth prospects in northern areas
+  are generally in the good to very good range.
+     Soil moisture is better in the north central and Peace
+  areas, the wheat pool said.
+  
+
diff --git a/reuters/test/18347 b/reuters/test/18347
new file mode 100644
index 0000000000000000000000000000000000000000..5232b5a0a3cbcee2a0ddaa69d2c5fe90db2c4c3e
--- /dev/null
+++ b/reuters/test/18347
@@ -0,0 +1,38 @@
+N.Z. APRIL CURRENT ACCOUNT DEFICIT NARROWS
+  New Zealand's current account deficit
+  narrowed to 76 mln N.Z. Dlrs in April from a revised 89 mln
+  dlrs in March, and 224 mln dlrs in April 1986, in a smoothed
+  seasonally-adjusted measurement, the Statistics Department
+  said.
+      The March figure was revised from 69 mln dlrs.
+      The department said in a statement seasonally adjusted, but
+  non-smoothed figures, showed a deficit of 99 mln dlrs against
+  76 mln dlrs in March and 230 mln dlrs in April 1986.
+      Totally unadjusted figures show a deficit of 83 mln dlrs
+  against 164 mln dlrs in March, revised from 178 mln dlrs, and
+  compared with 262 mln in April 1986.
+      The smoothed seasonally adjusted series shows a surplus on
+  merchandise trade of 145 mln dlrs against 135 mln dlrs in March
+  and 30 mln dlrs in April 1986.
+      Seasonally adjusted but non-smoothed figures show a
+  merchandise trade surplus of 132 mln dlrs against a 148 mln dlr
+  surplus in March and a 14 mln dlr surplus in April 1986.
+      Unadjusted merchandise figures show a surplus of 151 mln
+  dlrs against a 5.0 mln dlr (revised from 10 mln dlr) deficit in
+  March and a 31 mln dlr deficit in March 1986.
+      The smoothed seasonally adjusted deficit on invisibles was
+  234 mln N.Z. Dlrs against 236 mln dlrs in March and 255 in
+  April 1986.
+      The seasonally adjusted but non-smoothed deficit on
+  invisibles was 240 mln dlrs against 229 mln dlrs in March and
+  245 mln dlrs in April 1986. The unadjusted deficit on
+  invisibles was 234 mln dlrs against 158 mln dlrs, revised from
+  168 mln dlrs, in March and 231 mln dlrs in April 1986.
+      Seasonally adjusted export and import figures were not
+  available.
+      The department said these figures show a continuing
+  improvement in the current account deficit, caused mainly by an
+  improvement in the balance on merchandise trade which has now
+  being in surplus since november 1985.
+  
+
diff --git a/reuters/test/18348 b/reuters/test/18348
new file mode 100644
index 0000000000000000000000000000000000000000..97017cdf4381e6a9003e9d46b8ade3bbbff0860a
--- /dev/null
+++ b/reuters/test/18348
@@ -0,0 +1,23 @@
+STRONG DEMAND FOR PERU BISMUTH IN JAN/MAY
+  Very strong demand from all markets
+  including, recently, Japan has resulted in Peru's bismuth
+  exports showing an impressive increase in January/May 1987,
+  Peru's state owned mining industry's marketing arm Minpeco S.A.
+  Said.
+      In a statement released by its London office, Minpeco said
+  Peruvian customs figures for bismuth exports for the first five
+  months were 574.8 tonnes compared with 160.7 tonnes in the same
+  period of 1986 and 483.4 tonnes during the whole of 1986,
+  Minpeco said.
+      A breakdown of the figures showed Peru exported 296.4
+  tonnes of bismuth to the U.S. During Jan/May 1987 compared with
+  127.0 during the whole of 1986. Other recipients were Peoples
+  Republic of China 110.4 (100.0), Holland 100.2 (150.0), USSR
+  50.0 (50.0) and other areas 17.8 tonnes (56.4).
+      Sales to the U.K., West Germany, France and other Western
+  and Eastern European countries are hidden under the heading
+  Holland as Minpeco sells to customers in these countries from
+  stocks the company normally holds in Rotterdam, the statement
+  said.
+  
+
diff --git a/reuters/test/18351 b/reuters/test/18351
new file mode 100644
index 0000000000000000000000000000000000000000..db458e8f61f35e7ad194ad9733a9a46ea85b3671
--- /dev/null
+++ b/reuters/test/18351
@@ -0,0 +1,12 @@
+FREEDOM <FRDM> TO RECOGNIZE GAIN ON UNIT SALE
+  Freedom Savings and Loan Association
+  said it will record a net gain of 13.5 mln dlrs on the sale of
+  certain assets of its Freedom Mortgage Co subsidiary to Chase
+  Home Mortgage Corp, a subsidiary of Chase Manhattan Corp <CMB>.
+      Freedom also said it had completed the sale.
+      The company said about 9.5 mln dlrs of the gain will be
+  recnogized in the quarter ending June 30 with the remainder
+  derferred and recognized over the remaining life of the
+  serviced mortgage porfolio.
+  
+
diff --git a/reuters/test/18352 b/reuters/test/18352
new file mode 100644
index 0000000000000000000000000000000000000000..f50496a89b12201f52c147e140b139d9507ec2c2
--- /dev/null
+++ b/reuters/test/18352
@@ -0,0 +1,51 @@
+U.S. MEAT INDUSTRY LAUNCHES CAMPAIGN IN JAPAN
+  The U.S. meat industry has launched an
+  aggressive promotion campaign in Japan to increase consumer
+  awareness of U.S. beef and persuade the Japanese government to
+  relax current beef import quotas.
+      U.S. beef sales to Japan, currently around 480 mln dlrs
+  annually, could increase to over two billion dlrs and as high
+  as six billion dlrs by the year 2000 if Japanese quotas were
+  removed and the Japanese consumer were made more aware of the
+  attributes of U.S. beef, officials of the U.S. Meat Export
+  Federation said at a press conference today.
+      Partially funded with a 6.5 mln dlr award made through the
+  Agriculture Department's Targeted Export Assistance (TEA)
+  program, a five-year meat promotion campaign in Japan was
+  launched by the U.S. Meat Export Federation in April.
+      "The promising Japanese beef market could be one of the
+  bright spots for U.S. agricultural exports," said Philip Seng,
+  Asian Director for the Federation. "We supply and they (Japan)
+  buy a very high quality of beef. They like our beef and want to
+  buy more," he said.
+      Seng pointed to Japan's beef quota system, which limits
+  total Japanese beef imports to 177,000 tonnes per year and U.S.
+  imports to 58,400 tonnes, as the major constraint in expanding
+  U.S. beef shipments to Japan.
+      The quotas were implemented in 1977 at a time of heavy
+  Japanese foreign beef imports. The current quota agreement
+  expires next March and beef quota negotiations are set to get
+  underway this fall.
+      The Reagan administration has called for an end to the
+  quotas by April, 1988, but Japanese officials have said they
+  would not liberalize imports regardless of the U.S. pressure.
+      Officials from the Meat Export Federation told Reuters that
+  they do not expect a complete lifting of the quota, but that
+  they hope for at least a gradual increase in the quota.
+      High beef prices in Japan caused by the protected market
+  has also kept beef consumption at modest levels, meat industry
+  officials said.
+      Japanese shoppers pay an average of 27.14 dlrs for a U.S.
+  tenderloin steak in a restaurant and an average of 47.42 dlrs
+  for a Japanese-produced restaurant steak, the meat association
+  said. At the retail level, U.S. striploin sells for 9.77 dlrs
+  per pound, while Japanese beef sells for 28.51 dlrs per lb.
+      Japanese consumers currently eat less than 10 lbs of beef
+  per year, compared to 78 lbs for the average American,
+  officials said.
+      Total beef consumption in Japan is now 700,000 to 800,000
+  tonnes per year, but Seng said with the removal of quotas and a
+  decrease in beef prices, consumption could increase to 3.2 mln
+  tonnes.
+  
+
diff --git a/reuters/test/18354 b/reuters/test/18354
new file mode 100644
index 0000000000000000000000000000000000000000..713911be89ef5177c47e34685803de17192a6592
--- /dev/null
+++ b/reuters/test/18354
@@ -0,0 +1,8 @@
+COMP-U-CARD INTERNATIONAL INC <CUCD.O> 1ST QTR
+  Shr 18 cts vs 15 cts
+      Net 3.3 mln vs 2.5 mln
+      Revs 45.2 mln vs 26.8 mln
+      NOTE:1986 net includes seven cts or 1.2 mln dlrs tax loss
+  carryforward.
+  
+
diff --git a/reuters/test/18355 b/reuters/test/18355
new file mode 100644
index 0000000000000000000000000000000000000000..915541ad5800584b39c2516f5029d506612b188e
--- /dev/null
+++ b/reuters/test/18355
@@ -0,0 +1,14 @@
+MERCHANTS <MCHN.O> TO REPORT 2ND QTR LOSS
+  Merchants National Corp, with 3.7
+  billion dlrs in assets, said it will report a loss of 13 mln
+  dlrs for the second quarter due to its decision to increase its
+  provision for losses by 30 mln dlrs, mainly due to
+  uncertainties surrounding Latin American debt.
+      In the second quarter last year, Merchants reported net
+  income of 6.2 mln dlrs or 68 cts a share.
+      As a result of the increased loan loss provision, the bank
+  said the allowance for loan losses will increase from 1.4 pct
+  to 2.5 pct of the bank's total loans. The bank said its expects
+  to report estimated net of over 15 mln dlrs for 1987.
+  
+
diff --git a/reuters/test/18356 b/reuters/test/18356
new file mode 100644
index 0000000000000000000000000000000000000000..b45b7151bb53e00c55ed53950c186d55c4eaaf65
--- /dev/null
+++ b/reuters/test/18356
@@ -0,0 +1,22 @@
+VENEZUELAN ALUMINUM FIRM TO CREDITS
+  the venezuelan state aluminum company
+  venalum is negotiating a total of 123.9 mln dlr in credits from
+  abroad for a planned expansion of production faciities, finance
+  minister manuel azpurua said.
+      Azpurua spoke to reporters after meeting representatives of
+  the kreditanstalt fur wiederaufbau (kfw) bank of germany, who
+  tommorrow will sign a agreement to grant 100 mln marks (54.9
+  mln US dlrs) in credits to venalum.
+      The agreement will have an eight and one-half year term and
+  a fixed interest rate of 6.13 pct.
+      Azpurua said venalum is negotiating credits of 14.9 mln
+  dlrs from the swiss bank corporation, 14 mln dlrs from
+  mitsubishi of japan and 40 mln dlrs from eksportfinans of
+  norway.
+      "this proves we are achieving our goal of reestablishing
+  the financial flows to the country," said azpurua.
+      The credits would go to the installation of a fifth
+  production line in venalum, one of three state aluminum
+  companies, which produces primarily for the export market.
+  
+
diff --git a/reuters/test/18357 b/reuters/test/18357
new file mode 100644
index 0000000000000000000000000000000000000000..323668567ff0fa96895397324733f52df49a8f31
--- /dev/null
+++ b/reuters/test/18357
@@ -0,0 +1,25 @@
+U.S. HOUSE PASSES MIDEAST GULF BILL
+  The House today approved a bill
+  requiring the Reagan administration to report to Congress on
+  its Mideast Gulf policy but not restricting its actions.
+      The vote in favor was despite a last-minute revolt by an
+  alliance of liberal Democrats and conservative Republicans who
+  sought to defeat it as a signal that a growing number of
+  legislators oppose President Reagan's policies in the region.
+      In the Senate, a leading Republican senator, former Senate
+  Appropriations Committee Chairman Mark Hatfield of Oregon, said
+  he would try to prevent consideration of the bill.
+      He said he will put a so-called "hold" on the bill until he
+  finds out whether the War Powers Act applies to protecting
+  Kuwaiti tankers.
+      Congressional leaders complain they were not consulted
+  about plans to put the U.S. flag on Kuwaiti ships and some
+  charged the policy could lead the U.S. into the Iran-Iraq war.
+      Conservative Republicans said increasing the U.S. military
+  obligation in the gulf would place impossible burdens on
+  American servicemen and equipment, and warned it could lead to
+  war.
+      "It is a real snake pit at best and a powder keg that will
+  blow sky-high at worst," said Wisconsin Rep. Toby Roth.
+  
+
diff --git a/reuters/test/18360 b/reuters/test/18360
new file mode 100644
index 0000000000000000000000000000000000000000..65afe5537c39dd757d1b3da6d626547616926191
--- /dev/null
+++ b/reuters/test/18360
@@ -0,0 +1,57 @@
+NEAR TERM STRENGTH SEEN FOR CURRENCY FUTURES
+  Currency futures are likely to move
+  higher following the sharp rally today after President Reagan
+  announced that Paul Volcker would not accept a third term as
+  Federal Reserve Chairman and that Alan Greenspan was nominated
+  as his replacement, currency analysts said.
+      Contrary to predictions before the Volcker resignation,
+  analysts are calling for higher currency futures prices between
+  now and the June 8 Venice economic summit.
+      In particular, uncertainty about Greenspan's attitude to
+  the dollar could undermine sentiment toward the U.S. currency,
+  analysts said.
+      Greenspan said today that the dollar appeared to be nearing
+  a bottom, but the market will bear in mind his remarks in
+  Chicago last week that the dollar's recent move upward was a
+  technical reaction and that it would trade significantly lower,
+  analysts said.
+     
+      "Disappointment of European central bankers over the
+  appointment will be used as an opportunity to sell the dollar
+  lower," said Manufacturers Hanover Futures vice president Carol
+  Mackoff.
+      "The international community will not like this
+  appointment," as it suggests the possibility that the U.S.
+  budget deficit is too much of a burden on monetary policy and
+  that Volcker was unable to get the commitment he sought to
+  reduce the deficit, added Merrill Lynch Economics analyst David
+  Horner.
+       Furthermore, "that Greenspan was not named two months ago
+  suggests that he was not the Administration's first choice --
+  and that the status of his appointment was as a bridesmaid,"
+  Horner said.
+      A declining dollar scenario with higher currency futures
+  prior to and throughout the Venice meetings would be mitigated
+  only by concrete action as opposed to "jawboning" at the G-7
+  summit, he said.
+      But G-7 finance ministers, judged by recent statements, may
+  be at an impasse, analysts said.
+      Japan and West Germany today reiterated that neither
+  planned further interest rate cuts, despite pressure from the
+  U.S. to do so, Mackoff said.
+      The U.S., on the other hand, has not cut its budget deficit
+  as Japan and West Germany have urged, she said.
+      Should G-7 members force a U.S. commitment to cut its
+  budget deficit in the next two years, a further decline in the
+  dollar could be forestalled, Horner said.
+      However, "the impact from Venice will be nothing if nothing
+  changes," Horner said.
+      Smith Barney, Harris Upham and Co. analyst Craig Sloane
+  said European currencies will likely move to the higher end of
+  their 1987 ranges after today's sharp advance.
+      For the next two weeks, Sloan calls for September yen
+  futures to advance toward the 0.007200 area. He said September
+  marks could close in on 0.5700 as an upside target, while Swiss
+  francs could climb to a range between 0.6900 and 0.6950.
+  
+
diff --git a/reuters/test/18362 b/reuters/test/18362
new file mode 100644
index 0000000000000000000000000000000000000000..ba85477557f8a798b2235267c25f74b340926ef2
--- /dev/null
+++ b/reuters/test/18362
@@ -0,0 +1,13 @@
+WESTPAC DROPS NEW ZEALAND INDICATOR LENDING RATE
+  Westpac Banking Corp <WSTP.S> said it
+  is cutting its indicator lending rate to 22 pct from 23 pct
+  effective from June 15.
+      Westpac said in a statement various other lending rates are
+  also being revised downwards. The Westpac move follows base
+  rate drops by other New Zealand trading banks recently. <Bank
+  of New Zealand's> base rate drops to 22 pct from 23 on June 16
+  and <National Bank of New Zealand Ltd's> rate falls to 21.50
+  pct from 23 on June 15. The Australia and New Zealand Banking
+  Group Ltd <ANZA.S> rate remains at 23 pct.
+  
+
diff --git a/reuters/test/18363 b/reuters/test/18363
new file mode 100644
index 0000000000000000000000000000000000000000..40eb76870f34368df90334d95da71cca7f822296
--- /dev/null
+++ b/reuters/test/18363
@@ -0,0 +1,5 @@
+Bank of Japan intervened buying small amount of dollars at 142.85 yen - dealers
+
+  Bank of Japan intervened buying small amount of dollars at 142.85 yen - dealers
+  
+
diff --git a/reuters/test/18366 b/reuters/test/18366
new file mode 100644
index 0000000000000000000000000000000000000000..7dd3cdacbe15cfdf5c732f04e15b7906966f00c0
--- /dev/null
+++ b/reuters/test/18366
@@ -0,0 +1,14 @@
+S. KOREAN WHOLESALE PRICES UP 0.4 PCT IN MAY
+  South Korea's wholesale price index, base
+  1980, rose 0.4 pct to 127.0 in May after a 1.1 pct rise in
+  April and was 1.5 pct higher than in May 1986, the Bank of
+  Korea said.
+      The May consumer price index, which has the same base, rose
+  1.4 pct to 149.1 after a 0.3 pct gain in April, for a
+  year-on-year rise of 3.5 pct.
+      Wholesale prices rose 2.0 pct in the first five months of
+  1986, while consumer prices rose by 3.2 pct. Bank officials
+  said the rises were due to a strong yen which made imports of
+  Japanese parts, raw and intermediary materials more expensive.
+  
+
diff --git a/reuters/test/18367 b/reuters/test/18367
new file mode 100644
index 0000000000000000000000000000000000000000..d3b16aa20153f95b516ef247c38753ff2e414087
--- /dev/null
+++ b/reuters/test/18367
@@ -0,0 +1,10 @@
+ESS0 LOWERS PREMIUM PETROL PUMP PRICE
+  Esso Singapore Pte Ltd will lower the
+  pump price of its premium 97 octane petrol price to 96.8
+  cents/litre from 97 cents effective midnight tonight, a
+  spokeswoman said.
+      The new price is similar to other oil companies' price for
+  the same grade.
+      Esso's price for 95 octane remains unchanged at 90.8 cents.
+  
+
diff --git a/reuters/test/18370 b/reuters/test/18370
new file mode 100644
index 0000000000000000000000000000000000000000..34cfad04a49a5a3d9f40361ad5c4d6fdd2957ea5
--- /dev/null
+++ b/reuters/test/18370
@@ -0,0 +1,11 @@
+NAKASONE SAYS DOLLAR FALL ONLY TEMPORARY
+  Prime Minister Yasuhiro Nakasone said the
+  dollar's sharp fall against the yen overnight was only
+  temporary.
+      The dollar dropped sharply in New York after news that Paul
+  Volcker would step down as chairman of the U.S. Federal
+  Reserve.
+      Nakasone told reporters he did not expect U.S. Policy to
+  change after Volcker steps down.
+  
+
diff --git a/reuters/test/18465 b/reuters/test/18465
new file mode 100644
index 0000000000000000000000000000000000000000..d7ac3bceac32ba4296ac87cd028ee9227b395183
--- /dev/null
+++ b/reuters/test/18465
@@ -0,0 +1,11 @@
+CITIBANK LOWERS AUSTRALIAN PRIME RATE TO 16 PCT
+  Citibank Ltd said it would lower its
+  Australian prime rate to 16 pct from 16.5, effective tomorrow.
+      The new rate, if unmatched by other banks, will be the
+  lowest among Australian trading banks. Other primes range from
+  16.25 to 17.5 pct.
+      Australian prime rates have now retreated from a recent
+  peak of 19 pct in October in line with declining money market
+  levels. Citibank said its reduction reflected the decline.
+  
+
diff --git a/reuters/test/18466 b/reuters/test/18466
new file mode 100644
index 0000000000000000000000000000000000000000..1f20f2362d07dff14c1c35b13bfe19d84165baae
--- /dev/null
+++ b/reuters/test/18466
@@ -0,0 +1,14 @@
+CHINA MOVES TO STABILISE WORLD TUNGSTEN PRICES
+  China is moving to stabilise world prices
+  of tungsten after fluctuating prices this year affected the
+  country's export earnings, the China Daily said.
+      The paper quoted industry officials as saying they would
+  fix export prices on the basis of the world market, stop
+  smuggling and encourage producers to reduce exports.
+      Current world prices range from 49 to 55 dlrs per tonne
+  unit, but China suffered heavy losses when the price slumped to
+  39 dlrs earlier this year, it said.
+      Some 45 pct of world tungsten exports come from China, but
+  the country imports high-grade tungsten products.
+  
+
diff --git a/reuters/test/18467 b/reuters/test/18467
new file mode 100644
index 0000000000000000000000000000000000000000..6e86b8dc9fee4343b3bd53288a451447fd2b06f1
--- /dev/null
+++ b/reuters/test/18467
@@ -0,0 +1,24 @@
+AUSTRALIA'S ANSETT TO TAKE 20 PCT OF AMERICA WEST
+  Australia's <Ansett Airlines> will
+  exercise an option to acquire 20 pct of America West Airlines
+  Inc <AWAL.O> for about 31.5 mln U.S. Dlrs, <Ansett Transport
+  Industries Ltd> managing director Peter Abeles said.
+      Exercise, involving the purchase of about three mln new
+  America West shares for 10.50 U.S. Dlrs each, was scheduled to
+  be finalised in July or August, he said in a statement.
+      Abeles said Ansett would become the largest single
+  shareholder in what he said was the fastest growing airline in
+  the United States. America West is based in Phoenix, Arizona.
+      Under the terms of the option agreement, Ansett would have
+  the right to maintain its 20 pct position in the event of
+  future stock sales, but could not go beyond 20 pct unless so
+  requested by America West, Abeles said.
+      America West would retain the right of first refusal if
+  Ansett offered any of the shares for sale.
+      In addition, Ansett would gain one board seat, he said.
+      Ansett Transport Industries wholly owns Ansett Airlines,
+  one of Australia's two major domestic airlines, and is in turn
+  owned 50/50 by Abeles' international transport group TNT Ltd
+  <TNTA.S> and Rupert Murdoch's News Corp Ltd <NCPA.S>.
+  
+
diff --git a/reuters/test/18470 b/reuters/test/18470
new file mode 100644
index 0000000000000000000000000000000000000000..7b64b797eebe07a7f1da962f7b9a2f1fed781f5e
--- /dev/null
+++ b/reuters/test/18470
@@ -0,0 +1,13 @@
+JAPAN FOREIGN SHIPBUILDING ORDERS FALL IN MAY
+  New foreign shipbuilding orders received
+  by Japanese yards in May fell to five vessels totalling 188,900
+  gross tons (gt) from eight ships of 314,000 gt in April,
+  against four ships of 104,500 gt a year earlier, the Japan Ship
+  Exporters Association said.
+      The backlog of orders at end-May was 122 ships of 3.70 mln
+  gt against 125 ships of 3.73 mln at end-April and 233 ships of
+  5.99 mln a year ago, an association official said.
+      The world shipping recession and the yen's appreciation
+  against the dollar depressed May orders, he said.
+  
+
diff --git a/reuters/test/18472 b/reuters/test/18472
new file mode 100644
index 0000000000000000000000000000000000000000..c27c024ce1b9ea11b6220daf7bd2ce919519b5b0
--- /dev/null
+++ b/reuters/test/18472
@@ -0,0 +1,30 @@
+SHULTZ PREDICTS RAPID NARROWING OF U.S. TRADE GAP
+  Secretary of State George Shultz said
+  the U.S. Would erase its large foreign trade deficit faster
+  than many predicted, and the consequences for its trade
+  partners might be traumatic.
+      "The U.S. Economy will inevitably make the adjustment
+  necessary to move from a deficit to a surplus trade balance in
+  order to service our growing foreign debt," he told a conference
+  attended by the six members of the Association of Southeast
+  Asian Nations and their leading Western friends.
+      "In my view, this will happen more rapidly than many
+  observers now predict."
+      "The universal strategy of aggressive export-led growth is
+  becoming less effective," Shultz said.
+      "It is not arithmetically possible for every country in the
+  world to be a net exporter at the same time. The U.S. Deficit,
+  which we all decry, has been in a sense the place into which
+  everyone's export-led strategy for growth has gone."
+      "The huge surpluses of Japan and (West) Germany have fed on
+  this deficit, so something will have to give and it will be
+  possibly a traumatic experience," he added.
+      "While you must keep up the pressure on us to eschew
+  protectionist policies, you must act too," Shultz said.
+      "I can do a better job of convincing the Congress to leave
+  our door open to imports if more of our trading partners open
+  their doors wider," he told the group, which included
+  representatives from Australia, Canada, Japan, New Zealand and
+  the European Community.
+  
+
diff --git a/reuters/test/18476 b/reuters/test/18476
new file mode 100644
index 0000000000000000000000000000000000000000..5e5ec0bf4b0dd68952d8232ebd258ddb9fac2bc5
--- /dev/null
+++ b/reuters/test/18476
@@ -0,0 +1,7 @@
+HONG KONG'S DAIRY FARM SAYS IT BIDS FOR 22 PCT OF KWIK
+SAVE FOR 146.6 MLN STG
+
+  HONG KONG'S DAIRY FARM SAYS IT BIDS FOR 22 PCT OF KWIK
+  SAVE FOR 146.6 MLN STG
+  
+
diff --git a/reuters/test/18479 b/reuters/test/18479
new file mode 100644
index 0000000000000000000000000000000000000000..98946e1191c19256b633f5a583e2a70575d54bf4
--- /dev/null
+++ b/reuters/test/18479
@@ -0,0 +1,33 @@
+DAIRY FARM BIDS 146.6 MLN STG FOR 22 PCT KWIK SAVE
+  <Dairy Farm International Holdings
+  Ltd> said in a statement it is making a tender offer for 22 pct
+  of Kwik Save Discount Group Plc <KWIK.L> of Britain for a total
+  146.6 mln stg.
+      Dairy Farm said it will offer to buy up to 32.58 mln Kwik
+  Save shares at 4.50 stg each.
+      The offer will bring Dairy Farm's stake in Kwik Save to 25
+  pct from the present 3.5 pct, or 5.25 mln shares.
+      The offer, which will begin on Monday and ends June 30,
+  requires that the shares tendered will bring its stake to at
+  least 15 pct.
+      Dairy Farm said it will finance the acquisition by placing
+  89 mln shares with affiliate Jardine Strategic Holdings Ltd
+  <JARS.HK> at 5.10 H.K. Dlrs each for a total of 454 mln dlrs.
+      The placement will raise Jardine Strategic's stake in Dairy
+  Farm to 39.75 pct from the current 35.3 pct.
+      It said the Kwik Save purchase will also be financed with a
+  loan from the Hongkong and Shanghai Banking Corp <HKBH.HK>. It
+  did not give the size of the loan but it said it would raise
+  its net bank borrowings to a maximum of 2.2 billion H.K. Dlrs.
+      Dairy Farm said it would reduce its bank borrowings by the
+  proceeds from the previously announced sale of its office
+  building in Sydney for 625 mln dlrs.
+      It will consider raising additional capital, most probably
+  through a placement of convertible preference shares in the
+  Euromarket, it added.
+      Company chairman Simon Keswick said the U.K. Market "offers
+  attractive opportunities for competitively priced food
+  retailers" and that "a strategic investment in Kwik Save offers
+  the best vehicle to pursue those opportunities."
+  
+
diff --git a/reuters/test/18480 b/reuters/test/18480
new file mode 100644
index 0000000000000000000000000000000000000000..4f4ccb3e6809ceb825d669609c785e83af40a419
--- /dev/null
+++ b/reuters/test/18480
@@ -0,0 +1,14 @@
+SINGAPORE PETROLEUM CO RAISES OIL PRODUCT POSTINGS
+  Singapore Petroleum Co Pte Ltd said it
+  will raise posted prices for its products from June 19, by one
+  cent/gallon for lpg, naphtha and gasoline, two cents for gas
+  oil and by 60 cents/barrel for marine diesel oil.
+      New prices are - lpg 36.0 cents/gallon, chemical naphtha
+  47, unleaded reformate 65.8, 0.4 gm lead 97 octane 61.3, 95
+  octane 59.3, 92 octane 55.5, 85 octane 49.5, 0.125 gm lead 97
+  octane 64.3, 92 octane 58.5, 85 octane 52.5, jet kerosene 51.5,
+  kerosene 50.5, premium kerosene 54.5, dual purpose kerosene
+  52.5, 0.5 pct sulphur gas oil 52.0, one pct sulphur 51.0 and
+  marine diesel oil 21.20 dlrs/barrel.
+  
+
diff --git a/reuters/test/18481 b/reuters/test/18481
new file mode 100644
index 0000000000000000000000000000000000000000..b5106d0aaf0c178cf8edf8056dbe21376046fba7
--- /dev/null
+++ b/reuters/test/18481
@@ -0,0 +1,10 @@
+MAZDA MOTOR CORP <MAZT.T>
+  Six months ended April 30
+      Parent shr 1.66 yen vs 7.28
+      Div 3.50 yen vs same
+      Net 1.59 billion vs 6.88 billion
+      Current 5.03 billion vs 16.03 billion
+      Sales 804.02 billion vs 839.20 billion
+      Oustanding shrs 955.00 mln vs 944.15 mln
+  
+
diff --git a/reuters/test/18482 b/reuters/test/18482
new file mode 100644
index 0000000000000000000000000000000000000000..8a544ee17e3a259cbd5ce5224aabb84c1bd872fd
--- /dev/null
+++ b/reuters/test/18482
@@ -0,0 +1,30 @@
+JAPAN 1986/87 COMPOUND FEED OUTPUT UP 2.3 PCT
+  Japanese compound feed output rose 2.3 pct
+  to 25.80 mln tonnes in 1986/87 ended March 31 from 25.23 mln a
+  year earlier, the Agriculture Ministry said.
+      The marginal rise reflected slight growth in demand for
+  poultry raising and a moderate increase in demand for beef
+  cattle raising, Ministry officials said.
+      Compound feed sales totalled 26.01 mln tonnes in 1986/87
+  against 25.40 mln a year ago, while end-March stocks were
+  217,554 tonnes against 224,101.
+      Corn use in feed output in 1986/87 rose to 11.71 mln tonnes
+  from 11.02 mln a year earlier due to low import prices.
+      The officials said corn imports rose because the world
+  surplus and the yen's strength against the dollar reduced
+  Chicago prices. The corn compounding ratio rose to 45.2 pct in
+  1986/87 from 43.4 pct a year earlier.
+      Sorghum use rose marginally to 4.80 mln tonnes in 1986/87
+  from 4.79 mln, but the compounding ratio fell to 18.5 pct from
+  18.9 pct because of greater corn use. Higher import prices due
+  to poor harvests last year in major producing nations such as
+  Argentina made feed makers reluctant to use sorghum.
+      Soybean meal use fell to 2.58 mln tonnes from 2.63 mln and
+  the compounding ratio declined to 10.0 pct from 10.3 pct.
+      The drop in soybean meal consumption resulted from
+  increased use of cheaper rapeseed meal, the officials said.
+      Rapeseed consumption in 1986/87 was 563,889 tonnes against
+  528,152 a year earlier. The compounding ratio rose to 2.2 pct
+  from 2.1 pct.
+  
+
diff --git a/reuters/test/18483 b/reuters/test/18483
new file mode 100644
index 0000000000000000000000000000000000000000..02b1ae9ba4bb97204b3239bea3e41d615921c2c3
--- /dev/null
+++ b/reuters/test/18483
@@ -0,0 +1,13 @@
+BERISFORD LIFTS FIRST HALF PROFIT 2.5 MLN STG
+  six months to March 31
+      Shr 16.25p vs 15.61p
+      Div 4.0p vs 3.5p
+      Turnover 6.12 billion vs 4.89 billion
+      Interest 25.2 mln vs 37.6 mln
+      Pretax profit 42.7 mln vs 40.3 mln
+      Tax 10.3 mln vs 9.9 mln
+      Minorities 1.3 mln vs 439,000
+      Extraordinary items 2.6 mln credit vs 1.2 mln debit
+      Note - company name is S and W Berisford Plc <BRFD.L>
+  
+
diff --git a/reuters/test/18487 b/reuters/test/18487
new file mode 100644
index 0000000000000000000000000000000000000000..7754fcce2e5b3a93b9dcff15f715102b3b537af0
--- /dev/null
+++ b/reuters/test/18487
@@ -0,0 +1,19 @@
+SOUTH AFRICAN M-3 APRIL GROWTH REVISED UPWARD
+  South African year-on-year broadly
+  defined M-3 money supply growth was revised upward to 10.37 pct
+  for April from a preliminary 10.08 pct, but was down from a
+  revised 10.69 pct in March, Reserve Bank figures show.
+      M-3 rose to a revised 82.38 billion rand in April from a
+  preliminary 82.17 billion and March's revised 81.39 billion. In
+  April last year M-3 stood at 74.64 billion rand.
+      Preliminary figures for May show M-3 at 83.24 billion rand
+  for a year-on-year rise of 10.97 pct from 75.01 billion in May
+  1986.
+      April M-1A rose a year-on-year 15.12 pct to 14.22 billion
+  rand after rising 14.72 pct to 13.97 billion in March while M1
+  rose 24.49 pct to 27.92 billion after a 20.69 pct increase to
+  26.97 billion, the figures showed.
+      M-2 rose 8.28 pct to 58.71 billion in April after rising
+  6.47 pct to 57.52 billion in March.
+  
+
diff --git a/reuters/test/18488 b/reuters/test/18488
new file mode 100644
index 0000000000000000000000000000000000000000..72c691eccc16656e802d368aded175a6fd67858e
--- /dev/null
+++ b/reuters/test/18488
@@ -0,0 +1,14 @@
+COMMONWEALTH BANK CUTS AUSTRALIAN SPLIT PRIME
+  The Commonwealth Bank of Australia said
+  it will lower its reference rate for loans to 15.75 pct from
+  16.25 pct and its overdraft reference rate to 16.25 pct from
+  16.75, effective June 24.
+      Bank officials have said the bank regards the overdraft
+  reference rate, based on short-term rate trends, as its key
+  prime lending rate to corporate customers. The loan reference
+  rate is based on longer term trends.
+      The bank is the latest to cut prime rates in recent days
+  following a continuing decline in market rates. Other prime
+  rates now range from 16 pct to 17.5 pct.
+  
+
diff --git a/reuters/test/18489 b/reuters/test/18489
new file mode 100644
index 0000000000000000000000000000000000000000..47e9eb7cb46ee120ef81a9467642bb27c744a1b9
--- /dev/null
+++ b/reuters/test/18489
@@ -0,0 +1,14 @@
+AUSTRALIA TO PRODUCE SILVER AND PLATINUM COINS
+  The Australian government has given
+  support in principle to the production of platinum and silver
+  bullion coins at the Perth Mint, Treasurer Paul Keating said.
+      This followed the success of the Australian Nugget gold
+  bullion coins launched this year, he said in a statement.
+      He said that, as with the Australian nuggets, the coins
+  would be legal tender. The platinum coins would be made in four
+  weights but the silver coin would be of one ounce weight.
+      He said detailed arrangements for their issue would be
+  finalised after talks between the Federal authorities and the
+  Western Australian government, owner of the Perth Mint.
+  
+
diff --git a/reuters/test/18490 b/reuters/test/18490
new file mode 100644
index 0000000000000000000000000000000000000000..fd2dcf4ceed737028ae3f6e10b42f36119d914a6
--- /dev/null
+++ b/reuters/test/18490
@@ -0,0 +1,31 @@
+S.KOREA SEES GNP GROWTH MORE THAN 10 PCT THIS YEAR
+  South Korea's gross national product (GNP)
+  will exceed 10 pct real growth this year and the won will rise
+  further as long as the current account surplus continues to
+  widen, Deputy Prime Minister Chun In-Yong told reporters.
+      Chung, who is also Minister of Economic Planning, said his
+  GNP estimate was based on the assumption that the economy will
+  remain stable.
+      The official target for 1987 GNP growth is eight pct.
+      GNP rose 15.6 pct between the first quarters of 1987 and
+  1986, according to provisional Bank of Korea figures.
+      GNP rose 12.5 pct in calendar 1986.
+      In the first four months of this year, the current account
+  swung to a surplus of 2.5 billion dlrs from a deficit of 294
+  mln dlrs in the same 1986 period.
+      "What the Minister said does not imply any major economic
+  policy change," a Ministry spokesman told Reuters. "But he tried
+  to urge business circles to prepare for the forseeable economic
+  (future) ... A high won era."
+      South Korean manufacturers, who have insisted the won
+  should not rise more than seven pct this year, have said they
+  plan to ask the government to slow down its appreciation
+  against the dollar.
+      The Bank of Korea today quoted the won unchanged at 812.05
+  against the dollar, a 6.02 pct gain so far this year compared
+  with a 3.34 pct increase for the whole of 1986.
+      The won strengthened by 6.60 won to the dollar in three
+  days earlier this month while an International Monetary Fund
+  team held talks here to discuss revaluation.
+  
+
diff --git a/reuters/test/18493 b/reuters/test/18493
new file mode 100644
index 0000000000000000000000000000000000000000..77391d7f2445ca70b8ef4406c4d52fb3362082f7
--- /dev/null
+++ b/reuters/test/18493
@@ -0,0 +1,13 @@
+AUSTRALIAN CRUDE OUTPUT FALLS IN FIRST NINE MONTHS
+  Australian crude oil and condensate
+  output fell 7.6 pct to 23,480 megalitres, or about 147 mln
+  barrels, in the first nine months of fiscal 1986/87 ending June
+  30, the Department of Resources and Energy said.
+      The decline in production in the nine months to end-March
+  reflected mainly a sharp dip early in the fiscal year, when low
+  oil prices and high marginal excise rates led to a reduction of
+  output from Bass Strait, department figures in its Major Energy
+  Statistics publication show.
+      A megalitre is 6,290 barrels.
+  
+
diff --git a/reuters/test/18495 b/reuters/test/18495
new file mode 100644
index 0000000000000000000000000000000000000000..951617536d7907f1ce67ec3ef057b454c391feea
--- /dev/null
+++ b/reuters/test/18495
@@ -0,0 +1,13 @@
+BRITISH TELECOM RAISES 1986/87 PROFIT 11.7 PCT
+  Year to end-March
+      Shr 20.9p, a 22.3 pct rise
+      Div 5.1p making 8.45p vs vs 7.5p
+      Turnover 9.42 billion, a 12.4 pct increase
+      Operating profit 2.35 billion, a 10.9 pct increase
+      Pretax profit 2.07 billion, a 11.7 pct rise
+      Fourth quarter 1987
+      Turnover 2.42 billion, a 8.4 pct rise
+      Operating profit 629.0 mln, a 12.1 pct increase
+      Pretax profit 555.0 mln, a 11.7 pct rise.
+  
+
diff --git a/reuters/test/18496 b/reuters/test/18496
new file mode 100644
index 0000000000000000000000000000000000000000..a30259499229cee8ec11fcf51c0a2a7901c4a126
--- /dev/null
+++ b/reuters/test/18496
@@ -0,0 +1,14 @@
+AUSTRIAN CURRENT SURPLUS GROWS IN FOUR MONTHS
+  Austria's current account surplus grew to
+  11.0 billion schillings in the first four months this year from
+  8.2 billion in the same period last year, the National Bank
+  said.
+      In April, the current account recorded a deficit of 300 mln
+  schillings compared with an 800 mln surplus in March and an 800
+  mln deficit in April, 1986, the bank said in a statement.
+      The trade deficit in the first four months fell to 16.4
+  billion schillings from 17.5 billion in the same period last
+  year while in April the deficit was 4.1 billion compared with
+  6.9 billion in March and 3.6 billion in April, 1986.
+  
+
diff --git a/reuters/test/18497 b/reuters/test/18497
new file mode 100644
index 0000000000000000000000000000000000000000..b1e496644bf7121c0c52af1b3b1ae115aab92a07
--- /dev/null
+++ b/reuters/test/18497
@@ -0,0 +1,11 @@
+JOHNSON MATTHEY RAISE PRETAX PROFITS BY 67.8 PCT
+  Year to March 31
+      Fin div 3.5p making 5.5p vs 2.5p
+      Shr 25.2p vs 14.7p
+      Pretax profit 50.5 mln stg vs 30.1 mln
+      Net after tax 36.0 mln vs 21.6 mln
+      Turnover 1.22 billion vs 1.16 billion
+      Extraordinary dbt 10.3 mln vs 8.2 mln
+      Note - Full company name is <Johnson-Matthey Plc>.
+  
+
diff --git a/reuters/test/18504 b/reuters/test/18504
new file mode 100644
index 0000000000000000000000000000000000000000..4d68b36c50a2a928fc41ab2a6c5b429988cb8064
--- /dev/null
+++ b/reuters/test/18504
@@ -0,0 +1,30 @@
+GOVERNMENT TO SELL 25 PCT OF AIR NEW ZEALAND
+  The New Zealand Government will sell
+  25 pct of state-owned <Air New Zealand Ltd> to the public,
+  Civil Aviation minister Richard Prebble said.
+      Prebble said in a statement the government would appoint an
+  adviser to help it decide how the shares should be sold, the
+  timing of any sales and the price.
+      "Clearly there will be a need to gauge the effect of other
+  proposed share issues so as to enter the market at the best
+  opportunity," Prebble said.
+      "We are in no particular rush to sell our shares in Air New
+  Zealand," he said.
+      "Our aim is to maximise the benefit to the taxpayer. If that
+  means waiting for a while, then so be it," Prebble said.
+      He said Air New Zealand expects to release its results soon
+  for the year to March 31 1987. He said he was confident it
+  would post an excellent profit.
+      Prebble said Air New Zealand was successful but its ability
+  to prosper in future was hampered by its
+  wholly-government-owned status.
+      Prebble said access to new sources of capital would
+  increase its ability to expand and develop.
+      This sale announcement follows the public float in March of
+  around 13 pct of the <Bank of New Zealand Ltd>.
+      The government has said it will also float part of the
+  capital of other state-owned operations, including <DFC New
+  Zealand Ltd>, formerly Development Finance Corp of New Zealand
+  Ltd, and Petroleum Corp of New Zealand Ltd.
+  
+
diff --git a/reuters/test/18509 b/reuters/test/18509
new file mode 100644
index 0000000000000000000000000000000000000000..fa3b9fa8cc93b2f970143c13488948860a07f233
--- /dev/null
+++ b/reuters/test/18509
@@ -0,0 +1,9 @@
+S. AFRICAN PRODUCER PRICE INFLATION RISES IN APRIL
+  South African year-on-year producer
+  price inflation rose to 16.1 pct in April against 15.8 pct in
+  March, Central Statistics Office figures show.
+      The all items index (base 1980) rose a monthly 1.2 pct to
+  242.5 in April after increasing 1.1 pct to 239.6 in March and
+  standing at 208.9 a year earlier.
+  
+
diff --git a/reuters/test/18514 b/reuters/test/18514
new file mode 100644
index 0000000000000000000000000000000000000000..9e7331a0ec9d8a43e3b3b66884b0ccee0b85121d
--- /dev/null
+++ b/reuters/test/18514
@@ -0,0 +1,13 @@
+LONDON INTERNATIONAL RAISE PROFITS BY 3.05 MLN
+  Year to March 31
+      Final dividend 3.65p vs 3.1p making 5.4p vs 4.6p
+      Share 14.11p vs 12.13p
+      Pre-tax profit 27.11 mln stg vs 24.06 mln
+      Net profit 18.12 mln vs 15.21 mln
+      Turnover 252.11 mln vs 225.29 mln
+      Note - London International Group Plc <LONL.L> said that
+  sharply increased sales of condoms had led to a particularly
+  strong start to the year and it had considerable confidence for
+  the future. REUTER
+  
+
diff --git a/reuters/test/18519 b/reuters/test/18519
new file mode 100644
index 0000000000000000000000000000000000000000..3d4754a20e741e7ebc8562027d9feb797ee31fe5
--- /dev/null
+++ b/reuters/test/18519
@@ -0,0 +1,21 @@
+TOSHIBA, SHARP RESTRAIN LAP-TOP PC EXPORTS TO EC
+  Toshiba Corp <TSBA.T> and Sharp Corp
+  <SHRP.T> decided to maintain exports of lap-top personal
+  computers to the European Community (EC) at last year's levels,
+  despite the halt of shipments to the U.S., Company spokesmen
+  told Reuters.
+      They said the voluntary restraints were aimed at averting
+  EC sanctions urged by European computer makers. The Europeans
+  feared Japanese personal computers would flood EC markets after
+  Washington imposed 100 pct tariffs last April.
+      Toshiba and Sharp together control about 40 pct of the
+  personal computer market in the EC, the Sharp spokesman said.
+      Toshiba said exports of T1100 and T3100 lap-top computers
+  would continue at 5,000 units a month for the time being.
+      Sharp said exports to the EC of PC 7000 series lap-top
+  personal computers would continue at last year's level of
+  12,000 to 16,000 units a year.
+      Washington imposed the tariffs because of Japan's alleged
+  failure to uphold a 1986 agreement on semiconductor trade.
+  
+
diff --git a/reuters/test/18520 b/reuters/test/18520
new file mode 100644
index 0000000000000000000000000000000000000000..3e797e218dccfb8910cfb857c447c596e7750fcf
--- /dev/null
+++ b/reuters/test/18520
@@ -0,0 +1,21 @@
+BELGIUM CUTS TREASURY CERTIFICATE RATES
+  The Belgian National Bank said it cut
+  one, two, and three month treasury certificate rates, all by
+  0.10 points, effective immediately.
+      The cuts take the one month rate to 6.75 pct, the two month
+  rate to 6.80 pct and the key three month rate to 6.85 pct, the
+  central bank said in a telex.
+      A National Bank spokesman said the modest cut was made
+  after a decline in domestic money market rates yesterday, and
+  was not expected to be followed by a cut in the 7.60 pct
+  discount rate.
+      The short-term treasury certificate rates, and especially
+  the three-month rate, have been the National Bank's main
+  monetary policy instrument for the last two years.
+      The discount rate has been the market's penalty rate rather
+  than a guiding rate since 1985, and its advances are currently
+  little used as liquidity is ample, bank economists said.
+      The bank last cut one- to three-month certificate rates on
+  June 5, also by 0.10 points.
+  
+
diff --git a/reuters/test/18521 b/reuters/test/18521
new file mode 100644
index 0000000000000000000000000000000000000000..3b17e7971c6e8c96ebfe94e835f07ecbd507d50d
--- /dev/null
+++ b/reuters/test/18521
@@ -0,0 +1,14 @@
+ARAB HEAVY TERM CRUDE SUPPLIES TO JAPAN UP IN JULY
+  <Aramco Corp> has accepted Japanese
+  nominations to lift a higher proportion of Arab Heavy crude oil
+  under term contracts in July, oil industry sources said.
+      Japanese companies requested a ratio of 80 pct Arab Heavy
+  to 20 pct Arab Light under a term contract agreement with
+  Aramco for 100,000 barrels per day, the sources said. The
+  contractual ratio is 30 pct heavy crude to 70 pct light.
+      Japanese demand for heavy crude oil has increased
+  substantially since the All Japan Seaman's Union ceased sailing
+  into the northern Mideast gulf last month, causing problems
+  with liftings of heavy Kuwait and Khafji crudes.
+  
+
diff --git a/reuters/test/18523 b/reuters/test/18523
new file mode 100644
index 0000000000000000000000000000000000000000..5c55e4918e7639be0f9f3d86bbdbdad21739dae1
--- /dev/null
+++ b/reuters/test/18523
@@ -0,0 +1,21 @@
+INDONESIA CUTS JULY CRUDE SUPPLIES TO JAPAN
+  Indonesia's state oil company, Pertamina,
+  has informed its affiliated Japanese companies that crude oil
+  supplies will be 40 pct less than contractual volumes in July,
+  a spokesman for an affiliated company said.
+      He said the allocations were in line with Indonesia's
+  production ceiling under its current OPEC quota, so they might
+  be increased if OPEC ratifies a production rise next week.
+      Allocations of Indonesia's main traded crude, Minas, had
+  been cut by 50 pct and Duri by 38 pct, he said.
+      Last month contractual volumes were cut by 30 pct.
+      Contractual volumes assume no production ceiling.
+      Oil traders said Indonesian grades were already trading
+  above their official selling prices (osp) on the spot market
+  due to strong demand from Japan and the U.S. And tight
+  supplies.
+      A cargo of Duri loading in July was reportedly traded
+  yesterday at 70 cents over its osp of 15.60 dlrs per barrel and
+  Minas is trading about 20 cents higher, they said.
+  
+
diff --git a/reuters/test/18524 b/reuters/test/18524
new file mode 100644
index 0000000000000000000000000000000000000000..3d623021636906d285ff400f4594a0175e9111c1
--- /dev/null
+++ b/reuters/test/18524
@@ -0,0 +1,7 @@
+FRENCH OFFICIAL RESERVES 420.50 BILLION FRANCS IN MAY VS
+420.24 BILLION APRIL - OFFICIAL
+
+  FRENCH OFFICIAL RESERVES 420.50 BILLION FRANCS IN MAY VS
+  420.24 BILLION APRIL - OFFICIAL
+  
+
diff --git a/reuters/test/18527 b/reuters/test/18527
new file mode 100644
index 0000000000000000000000000000000000000000..d197822fd29fd7499e375e7826dd2162af91d0df
--- /dev/null
+++ b/reuters/test/18527
@@ -0,0 +1,22 @@
+FRENCH OFFICIAL RESERVES RISE IN MAY
+  French official reserves rose 258 mln
+  francs in May to 420.50 billion francs from 420.24 billion at
+  the end of April, the Finance Ministry said.
+      The slight rise partly reflected the repayment last month
+  of France's outstanding 11.95 billion francs of debt owed to
+  the European Monetary Cooperation Fund (FECOM).
+      It also reflected a negative 314 mln franc position with
+  France's Exchange Stabilisation Fund after intervention
+  purchases of 10.6 billion francs during May.
+      Foreign currency holdings fell 7.28 billion francs to
+  124.58 billion while ECU holdings fell by 5.55 billion francs
+  to 58.52 billion due to the repayment of part of France's debt
+  owed to the FECOM and Stabilisation Fund operations, the
+  ministry said.
+      Claims on the IMF rose 1.14 billion francs to 18.97
+  billion, including a 385 mln franc increase in France's reserve
+  position with the IMF and a 751 mln franc rise in holdings of
+  Special Drawing Rights.
+      Gold holdings were unchanged at 218.46 billion francs.
+  
+
diff --git a/reuters/test/18530 b/reuters/test/18530
new file mode 100644
index 0000000000000000000000000000000000000000..a50f0afa1da660f153b400ed5ae3362e981fcc52
--- /dev/null
+++ b/reuters/test/18530
@@ -0,0 +1,34 @@
+FRENCH STATE SELL-OFFS RAISE 52 BILLION FRANCS
+  The French government's privatisation
+  program, which began late last year, has earned the French
+  State about 52 billion francs to date, the Finance Ministry
+  said.
+      Sources close to Finance Minister Edouard Balladur said the
+  revenues raised from the privatisation program would be used in
+  priority to pay off public debt, which stood at 398.2 billion
+  at the end of 1986.
+      The Ministry said in a communique that the returns included
+  banking group Societe Generale <SGEN.PA>, which began its
+  two-week public flotation last Monday.
+      The government has carried out eight flotations, as well as
+  the private sale of telephone group <Cie Generale de
+  Constructions Telephoniques> (CGCT) since its denationalisation
+  scheme began last December with the sell-off of glass makers
+  Saint-Gobain <SGEP.PA>, it added.
+      The government has pledged to privatise 66 state-owned
+  industrial, banking and insurance companies by 1991.
+      Other companies to be sold to the private sector in the
+  near future are television network TF-1 later this month and
+  banking group Cie Financiere de Suez <FSPP.PA> in the autumn.
+      The ministry said TF-1's forthcoming sell-off meant that a
+  third of the government's programme would have been completed
+  in less than nine months.
+      Balladur on Sunday rejected press and opposition charges
+  that the share prices for privatised companies had been pitched
+  too low.
+      He said that the average premium of shares trading on the
+  Bourse was between 15 and 30 pct over their offer price. This
+  compared with premiums of between 60 and 80 pct on similar
+  share flotations in Britain.
+  
+
diff --git a/reuters/test/18531 b/reuters/test/18531
new file mode 100644
index 0000000000000000000000000000000000000000..748587afd481a3aa49f4ac2bc1c4d17bdc147bc4
--- /dev/null
+++ b/reuters/test/18531
@@ -0,0 +1,55 @@
+FIJI MAKES SUGAR PAYMENT TO GET HARVEST STARTED
+  Fiji sugar farmers will receive an interim
+  payment on the 1986 crop, four months ahead of schedule, in a
+  move aimed at getting harvesting of the drought-hit 1987 crop
+  under way, Governor-general Ratu Sir Penaia Ganilau said.
+      Industry sources said latest forecasts for the 1987 crop
+  indicated output of 360,000 tonnes, well down on the record
+  501,800 tonne tel quel production in the 1986 (May-December)
+  crop year.
+      The previous record was set in 1982 when Fiji produced
+  486,790 tonnes.
+      For the past month Fiji sugar farmers have delayed
+  harvesting the 1987 crop pending a response from the
+  Governor-general to demands following the May 14 coup.
+      Ganilau said in a statement the Fiji Sugar Corp would make
+  a payment of five dlrs per tonne against the final payment for
+  the 1986 crop on the understanding that preparations by growers
+  for commencement of harvesting would be completed at all mills
+  by June 23.
+      Crushing would commence at Labasa and Penang mills on June
+  23 and at Lautoka and Rarawai mills on June 30, he said.
+      The interim payment, to be made on or about June 30, is the
+  full amount of the grower's share of 1986 sugar proceeds
+  received to-date. The balance will be paid in October.
+      Growers had also called for the full 1987 forecast price of
+  23.50 dlrs per tonne of cane to be paid in cash on delivery to
+  the mill, but this has been rejected by the state controlled
+  Fiji Sugar Corp, Ganilau said.
+      However, in addition to the scheduled delivery payment of
+  14.10 dlrs, an additional sum of 2.35 dlrs, or 10 pct of the
+  forecast price, would be paid on December 15, on all cane
+  harvested by November 30, he said.
+      Ganilau said, "This will be at least one month in advance of
+  the expected date of payment of the second payment of cane. The
+  balance of the second payment will be made six weeks after the
+  end of crushing."
+      Another demand of Fiji's 22,000 small farmers was that an
+  estimated 14 mln dlr loan from the Fiji Development Bank (FDB)
+  for the 1983 cane crop rehabilitation programme be written off.
+  The FDB rejected this request.
+      Ganilau said, however, "The bank is prepared to carefully
+  consider requests for rescheduling loan repayments in cases of
+  hardship on a case-by-case basis."
+      In response to a further demand that all soldiers be
+  removed from the cane growing areas, Ganilau said the army
+  would restrict its presence in the cane areas.
+      He said he had directed the authorities to issue permits to
+  harvesting gangs, cane growers and sugar industry trade unions
+  to hold the necessary meetings in preparation for the
+  commencement of harvest.
+      Senior representatives of the sugar cane growers had
+  indicated a desire to commence the crush as soon as possible,
+  he added.
+  
+
diff --git a/reuters/test/18533 b/reuters/test/18533
new file mode 100644
index 0000000000000000000000000000000000000000..cc5e75e3ebd01968551d921493a0b519d754b6a4
--- /dev/null
+++ b/reuters/test/18533
@@ -0,0 +1,7 @@
+UK MAY ADJUSTED UNEMPLOYMENT FALLS RECORD 64,300 TO 2.95
+MLN OR 10.6 PCT - OFFICIAL
+
+  UK MAY ADJUSTED UNEMPLOYMENT FALLS RECORD 64,300 TO 2.95
+  MLN OR 10.6 PCT - OFFICIAL
+  
+
diff --git a/reuters/test/18534 b/reuters/test/18534
new file mode 100644
index 0000000000000000000000000000000000000000..0871e46c5f46fa0ae7813576267607e4cfb94ba2
--- /dev/null
+++ b/reuters/test/18534
@@ -0,0 +1,7 @@
+UK AVERAGE EARNINGS ROSE 6.5 PCT IN YEAR TO APRIL,
+UNDERLYING RISE 7.75 PCT - OFFICIAL
+
+  UK AVERAGE EARNINGS ROSE 6.5 PCT IN YEAR TO APRIL,
+  UNDERLYING RISE 7.75 PCT - OFFICIAL
+  
+
diff --git a/reuters/test/18536 b/reuters/test/18536
new file mode 100644
index 0000000000000000000000000000000000000000..31e82fd3d806fd3df33b9be45556d4a750aab2b9
--- /dev/null
+++ b/reuters/test/18536
@@ -0,0 +1,7 @@
+U.K. APRIL INDUSTRIAL OUTPUT RISES 0.3 PCT, MANUFACTURING
+UP 0.55 PCT - OFFICIAL
+
+  U.K. APRIL INDUSTRIAL OUTPUT RISES 0.3 PCT, MANUFACTURING
+  UP 0.55 PCT - OFFICIAL
+  
+
diff --git a/reuters/test/18537 b/reuters/test/18537
new file mode 100644
index 0000000000000000000000000000000000000000..9de65cf516991c2e3ff944c5529d1dcbd1211548
--- /dev/null
+++ b/reuters/test/18537
@@ -0,0 +1,7 @@
+U.K. MAY ADJUSTED M3 RISES PROVISIONAL 2.1 PCT, M0 UP 0.5
+PCT - BANK OF ENGLAND
+
+  U.K. MAY ADJUSTED M3 RISES PROVISIONAL 2.1 PCT, M0 UP 0.5
+  PCT - BANK OF ENGLAND
+  
+
diff --git a/reuters/test/18538 b/reuters/test/18538
new file mode 100644
index 0000000000000000000000000000000000000000..4a9ea3be09fcac291b548d72bf8a196af81ec6f9
--- /dev/null
+++ b/reuters/test/18538
@@ -0,0 +1,7 @@
+MAY AJUSTED STERLING BANK LENDING UP 2.7 BILLION STG
+AFTER 1.5 BILLION IN APRIL - OFFICIAL
+
+  MAY AJUSTED STERLING BANK LENDING UP 2.7 BILLION STG
+  AFTER 1.5 BILLION IN APRIL - OFFICIAL
+  
+
diff --git a/reuters/test/18539 b/reuters/test/18539
new file mode 100644
index 0000000000000000000000000000000000000000..df2c25f5e330b6d8a3ed89e6a6cba2c56b0db0d6
--- /dev/null
+++ b/reuters/test/18539
@@ -0,0 +1,23 @@
+U.K. UNEMPLOYMENT FALLS BELOW THREE MLN IN MAY
+  U.K. Unemployment fell a record
+  provisional, seasonally-adjusted 64,300 in May to a total 2.95
+  mln or 10.6 pct of the workforce, the Employment Department
+  said.
+      In April, seasonally-adjusted unemployment fell by an
+  upwardly revised 21,600 to 3.02 mln or 10.9 pct, it said.
+      The unadjusted jobless total in May, including school
+  leavers, alos fell a record 121,000 to 2.99 mln or 10.8 pct
+  from April's 3.11 mln, 11.2 pct.
+      May was the eleventh successive decline from a peak last
+  summer of 11.6 pct, the Employment Department said.
+      "Unemployment has fallen to under three mln for the first
+  time in over three years. The May fall of 64,000 was the
+  largest drop since records were first kept (in 1948),"
+  Employment Minister Norman Fowler said.
+      All regions have seen above average falls in long term
+  unemployment during the past year, he added.
+      The last time the adjusted total of unemployed was below
+  three mln was July 1984, while the unadjusted total was last
+  below this level in June 1983.
+  
+
diff --git a/reuters/test/18540 b/reuters/test/18540
new file mode 100644
index 0000000000000000000000000000000000000000..e524abbf0dcd71a3eff47b632972e6d7b5cdc7d8
--- /dev/null
+++ b/reuters/test/18540
@@ -0,0 +1,22 @@
+U.K. EARNINGS UP UNDERLYING 7.75 PCT IN APRIL
+  U.K. Average earnings rose a seasonally
+  adjusted 6.5 pct in the year to end-April, after increasing by
+  6.7 pct annually in March, the Employment Department said.
+      The April index, base 1980, was set at a provisional,
+  seasonally-adjusted 197.3, up from 194.8 in March.
+      But the underlying rise was 7.75 pct, up 0.25 pct from
+  March and back to the same level seen late last year.
+      The underlying rise is adjusted for factors such as
+  back-pay and timing variations.
+      Unit wage costs in U.K. Manufacturing industry rose one pct
+  in the year to April, after an upward revised rise of 0.7 pct
+  in the period to March, the Department of Employment added.
+      In the three months to end-April, such costs were 0.9 pct
+  higher, year-on-year, compared with a rise of 1.2 pct in the
+  three months to March.
+      Manufacturing productivity in April was 6.1 pct higher than
+  a year ago after a downward revised 6.8 pct increase in March.
+  In the last three months period manufacturing productivity was
+  up 6.7 pct, having increased 6.5 pct in the first quarter.
+  
+
diff --git a/reuters/test/18544 b/reuters/test/18544
new file mode 100644
index 0000000000000000000000000000000000000000..6f7b7333eb4e08bbbb14ae2179c4f39a7eb76b0a
--- /dev/null
+++ b/reuters/test/18544
@@ -0,0 +1,13 @@
+TAIWAN TO REOPEN TENDER FOR U.S. SOYBEANS
+  The joint committee of Taiwan's soybean
+  importers will reopen a tender tomorrow for two shipments of
+  54,000 to 66,000 tonnes of U.S. Soybeans, a committee spokesman
+  told Reuters.
+       The committee rejected a tender today for a cargo of
+  27,000 to 33,000 tonnes on the grounds the prices offered by
+  the U.S. Suppliers were too high, he said.
+      The committee will be seeking a further shipment of between
+  27,000 and 33,000 tonnes when it reopens the tender tomorrow,
+  he added.
+  
+
diff --git a/reuters/test/18549 b/reuters/test/18549
new file mode 100644
index 0000000000000000000000000000000000000000..d7ac3bceac32ba4296ac87cd028ee9227b395183
--- /dev/null
+++ b/reuters/test/18549
@@ -0,0 +1,11 @@
+CITIBANK LOWERS AUSTRALIAN PRIME RATE TO 16 PCT
+  Citibank Ltd said it would lower its
+  Australian prime rate to 16 pct from 16.5, effective tomorrow.
+      The new rate, if unmatched by other banks, will be the
+  lowest among Australian trading banks. Other primes range from
+  16.25 to 17.5 pct.
+      Australian prime rates have now retreated from a recent
+  peak of 19 pct in October in line with declining money market
+  levels. Citibank said its reduction reflected the decline.
+  
+
diff --git a/reuters/test/18554 b/reuters/test/18554
new file mode 100644
index 0000000000000000000000000000000000000000..63c817e9661413f4cdb6f4bd4d17a2539312894a
--- /dev/null
+++ b/reuters/test/18554
@@ -0,0 +1,14 @@
+U.S. SENATORS PROPOSE BAN ON TOSHIBA IMPORTS
+  Three U.S. Senators said they will
+  propose a temporary ban on imports of all Toshiba products due
+  to the company's illegal sales of sensitive high-technology
+  goods to the Soviet Union.
+      Senator Jake Garn, John Heinz and Richard Selby said at a
+  hearing of the senate banking committee on export control, they
+  will offer the proposal as part of a major trade bill when it
+  is brought before the senate this summer.
+      Garn, a Utah Republican, said "I am talking about specific
+  retribution on a company that endangers the security of their
+  own country and ours."
+  
+
diff --git a/reuters/test/18557 b/reuters/test/18557
new file mode 100644
index 0000000000000000000000000000000000000000..dbd7b971c3718588b74948936247615c9e20037e
--- /dev/null
+++ b/reuters/test/18557
@@ -0,0 +1,15 @@
+FOUR SUGAR CARGOES SOLD TO CHINA YESTERDAY -TRADE
+  Four cargoes of raw sugar were sold to
+  China yesterday via the London trade to supplement the
+  country's current nearby buying programme, traders said.
+      The sugar was reported sold at around 160 dlrs a tonne c
+  and f for July/August shipment or arrival in September, they
+  said.
+      Some traders said recent Chinese purchases could total as
+  much as 300,000 tonnes, but others, while agreeing a heavy
+  volume had been taken, said an amount less than that figure was
+  involved.
+      China was still believed to be in the market for more
+  sugar, traders said.
+  
+
diff --git a/reuters/test/18563 b/reuters/test/18563
new file mode 100644
index 0000000000000000000000000000000000000000..c22b5ec30150c37f835930d9111c650c6ee88cc2
--- /dev/null
+++ b/reuters/test/18563
@@ -0,0 +1,16 @@
+JAMES HARDIE INDUSTRIES LTD <HAHA.S> YR TO MARCH
+  Yr ended March 31
+      Shr 37.8 cents vs 30.7
+      Final div 13 cents vs 11, making yr 24 vs 22
+      Net 60.58 mln dlrs vs 47.42 mln
+      Turnover 1.50 billion vs 1.56 billion
+      Other income 16.84 mln vs 3.73 mln
+      Shrs 161.71 mln vs 154.19 mln.
+      NOTE - Div pay Aug 6. Reg July 17. Div is unfranked and
+  thus will not be tax-free under dividend imputation.
+      Net is after tax 28.39 mln dlrs vs 29.93 mln, depreciation
+  32.05 mln vs 34.59 mln, interest 29.16 mln vs 45.74 mln and
+  minorities 1.35 mln vs 9.89 mln but before extraordinary profit
+  2.28 mln vs loss 31.05 mln.
+  
+
diff --git a/reuters/test/18564 b/reuters/test/18564
new file mode 100644
index 0000000000000000000000000000000000000000..72c691eccc16656e802d368aded175a6fd67858e
--- /dev/null
+++ b/reuters/test/18564
@@ -0,0 +1,14 @@
+COMMONWEALTH BANK CUTS AUSTRALIAN SPLIT PRIME
+  The Commonwealth Bank of Australia said
+  it will lower its reference rate for loans to 15.75 pct from
+  16.25 pct and its overdraft reference rate to 16.25 pct from
+  16.75, effective June 24.
+      Bank officials have said the bank regards the overdraft
+  reference rate, based on short-term rate trends, as its key
+  prime lending rate to corporate customers. The loan reference
+  rate is based on longer term trends.
+      The bank is the latest to cut prime rates in recent days
+  following a continuing decline in market rates. Other prime
+  rates now range from 16 pct to 17.5 pct.
+  
+
diff --git a/reuters/test/18565 b/reuters/test/18565
new file mode 100644
index 0000000000000000000000000000000000000000..b4b14b1396a12bdacf633fa30d56eb4e82ced43c
--- /dev/null
+++ b/reuters/test/18565
@@ -0,0 +1,20 @@
+DUTCH PARLIAMENT BACKS STAND AGAINST OILS TAX
+  Dutch parliamentary parties have
+  re-affirmed their support for the government's opposition to
+  the proposed European Community tax on oils and fats,
+  parliamentarians said.
+      A broad cross-section of members of parliament voiced their
+  opposition to the tax during a debate in the lower house
+  yesterday on the basis of possible retaliation from the U.S.
+  And on the potentially damaging effect on Third World
+  countries.
+      State Secretary for Foreign Affairs Rene Van Der Linden
+  said the government was against the tax although it noted
+  deepening EC financial difficulties.
+      "It is difficult to be against the tax and against extra
+  finance. The EC members have to make a choice," Van Der Linden
+  said.
+      However, he denied the government had dropped its
+  opposition to the proposed tax or altered its position.
+  
+
diff --git a/reuters/test/18566 b/reuters/test/18566
new file mode 100644
index 0000000000000000000000000000000000000000..2ea4629d816b05c74fd040eb63ee86f9f0fd4f75
--- /dev/null
+++ b/reuters/test/18566
@@ -0,0 +1,14 @@
+CSR DECLARES PIONEER SUGAR BID UNCONDITIONAL
+  CSR Ltd <CSRA.S> said it had declared
+  unconditional its takeover bid for <Pioneer Sugar Mills Ltd>
+  following Pioneer's recommendation that shareholders accept.
+      This meant Pioneer shareholders would be paid for all
+  shares tendered within 14 days, CSR said in a statement.
+      CSR's statement follows Industrial Equity Ltd's <INEA.S>
+  disclosure yesterday that it had built up a 9.8 pct stake in
+  Pioneer at 2.54 dlrs a share, topping CSR's cash bid of 2.50.
+      CSR is also offering one share, currently worth 4.04 dlrs,
+  plus 1.20 cash, for every two Pioneer shares, which values
+  Pioneer at 2.62 per share. It holds about 33 pct of Pioneer.
+  
+
diff --git a/reuters/test/18567 b/reuters/test/18567
new file mode 100644
index 0000000000000000000000000000000000000000..20cd3a8c8947720c6661af66d4c4767d31ca5f38
--- /dev/null
+++ b/reuters/test/18567
@@ -0,0 +1,24 @@
+SANDVIK, DIAMANT BOART FINALISE DRILLS MERGER
+  Sweden's Sandvik AB <SVIK.ST> and
+  Diamant Boart SA of Belgium, in which Societe Generale de
+  Belgique <BELB.BR> holds an indirect 52 pct stake, have
+  finalised negotiations on merging oil and gas drilling tool
+  activities, officials of both companies said.
+      Staffan Paues, President of the new Brussels-based joint
+  venture company Diamant Boart Stratabit SA (DBS), told a news
+  conference that the merged firm would be able to offer products
+  for all types of drilling operations.
+      He said there were already signs that a slow recovery from
+  recession was under way in the oil and gas industries.
+      "Stability in oil prices should lead to renewed investment"
+  Paues said.
+      DBS, which Paues said began operations today, brings
+  together Sandvik's wholly-owned U.S. Subsidiary Strata Bit Corp
+  of Houston and Diamant Boart's petroleum activities in Europe,
+  North America, the Middle and Far East and Africa.
+      Paues said the merger was a direct result of the sharp fall
+  in oil prices 18 months ago which led oil firms to cut back
+  exploration activities. Officials said the complementary
+  character of the two firms' operations was a further reason.
+  
+
diff --git a/reuters/test/18569 b/reuters/test/18569
new file mode 100644
index 0000000000000000000000000000000000000000..ebee1f007e65b901ecd65bb76e20c4b24455848d
--- /dev/null
+++ b/reuters/test/18569
@@ -0,0 +1,7 @@
+THOMSON GRAND PUBLIC TAKES OVER THORN EMI'S AUDIOVISUAL
+DIVISION - THOMSON
+
+  THOMSON GRAND PUBLIC TAKES OVER THORN EMI'S AUDIOVISUAL
+  DIVISION - THOMSON
+  
+
diff --git a/reuters/test/18570 b/reuters/test/18570
new file mode 100644
index 0000000000000000000000000000000000000000..4176344745a03f29f03a9b51f45e9a5daa753519
--- /dev/null
+++ b/reuters/test/18570
@@ -0,0 +1,14 @@
+THOMSON TAKES OVER THORN EMI AUDIOVISUAL
+  Thomson Grand Public, the subsidiary of
+  Thomson SA <THMP.PA>, has taken over the audiovisual consumer
+  goods division of British group Thorn EMI, Thomson Grand Public
+  chairman Pierre Garcin said.
+      The cost of the deal, signed late yesterday, is around 90
+  mln stg and Thomson will finance 50 mln of this from its
+  equity.
+      Thorn EMI is a leader in the British audiovisual market
+  with a turnover last year of 300 mln stg.
+      Garcin said the new acquisition would substantially
+  increase Thomson's turnover in the sector.
+  
+
diff --git a/reuters/test/18571 b/reuters/test/18571
new file mode 100644
index 0000000000000000000000000000000000000000..7d93baef82585068d9664c7c0e53b477a76389f3
--- /dev/null
+++ b/reuters/test/18571
@@ -0,0 +1,24 @@
+VESSEL LOST IN PACIFIC WAS CARRYING LEAD
+  The 37,635 deadweight tonnes bulk carrier
+  Cumberlande, which sank in the South Pacific last Friday, was
+  carrying a cargo which included lead as well as magnesium ore,
+  a Lloyds Shipping Intelligence spokesman said.
+      He was unable to confirm the tonnages involved.
+      Trade reports circulating the London Metal Exchange said
+  the vessel, en route to New Orleans from Newcastle, New South
+  Wales, had been carrying 10,000 tonnes of lead concentrates.
+  Traders said this pushed lead prices higher in early morning
+  trading as the market is currently sensitive to any fundamental
+  news due to its finely balanced supply/demand position and low
+  stocks.
+      Trade sources said that 10,000 tonnes of lead concentrates
+  could convert to around 5,000 tonnes of metal, although this
+  depended on the quality of the concentrates.
+      A loss of this size could cause a gap in the supply
+  pipeline, particularly in North America, they noted. Supplies
+  there have been very tight this year and there is a strike at
+  one major producer, Cominco, and labour talks currently being
+  held at another, Noranda subsidiary Brunswick Mining and
+  Smelting Ltd.
+  
+
diff --git a/reuters/test/18575 b/reuters/test/18575
new file mode 100644
index 0000000000000000000000000000000000000000..7a2efddd3a606651f69f057b41aec209af4b7aa3
--- /dev/null
+++ b/reuters/test/18575
@@ -0,0 +1,24 @@
+JWT GROUP <JWT> SUES WPP GROUP PLC
+  JWT Group Inc said it filed a suit
+  against <WPP Group Plc> to enjoin the company from continuing
+  its tender offer.
+      The company said it charged that former JWT Group unit
+  executive John Peters has breached his fiduciary duty by
+  disclosing confidential information about the company and its
+  clients.
+      The company said the suit, filed in New York State Supreme
+  Court, seeks to halt the "ongoing misuse and misappropriation
+  of highly confidential and proprietary information concerning
+  JWT and its clients.
+      The defendants in the suit are WPP Group and its units and
+  Peters, who until January 29 was a director of J. Walter
+  Thompson Co, JWT Group's main subsidiary and its president and
+  chief operating officer.
+      JWT said it asked the court to enjoin the defendants from
+  acquiring any further JWT stock, make them return all
+  confidential and proprietary information and to disgorge all
+  profits or other gains.
+      The company said it also asked the court to award JWT
+  unspecified damages.
+  
+
diff --git a/reuters/test/18576 b/reuters/test/18576
new file mode 100644
index 0000000000000000000000000000000000000000..751d6b3f8800bb2ceed3af1d8d5ab6078ffbaea9
--- /dev/null
+++ b/reuters/test/18576
@@ -0,0 +1,21 @@
+JWT GROUP <JWT> GRANTS GOLDEN PARACHUTES
+  JWT Group Inc disclosed in a filing
+  with the Securities and Exchange Commission that it awarded
+  so-called "golden parachutes" to 26 top officers.
+      The company said it granted the special bonuses, which take
+  effect only if an executive is fired within two years of a
+  successful takeover, on June 8.
+      It granted 25 of the officials a severance payment of just
+  under three times their annual compensation if they are fired
+  after a takeover. For chairman Don Johnston, the payment was
+  limited to twice his annual compensation.
+      JWT approved additional lump-sum payments of one year's
+  compensation to an unspecified number of other highly paid
+  company officials.
+      The company also altered its employee retirement and stock
+  incentive plans, to assure continued protection and benefits
+  for employees in the event of a hostile takeover.
+      The company did not disclose the cost of the changes made
+  in the severance, retirement or stock plans.
+  
+
diff --git a/reuters/test/18577 b/reuters/test/18577
new file mode 100644
index 0000000000000000000000000000000000000000..ce8b07350f1cd73e131ea1d773ddc316779443ae
--- /dev/null
+++ b/reuters/test/18577
@@ -0,0 +1,20 @@
+UNILEVER DECLINES COMMENT ON GILLETTE BID RUMOURS
+  A spokesman for Unilever Plc <UN.AS>
+  declined to comment on market rumours that it may be
+  considering a bid for the U.S. Health care group The Gillette
+  Co <GS.N>.
+      Gillette shares are traded on the over-the-counter market
+  in London and this morning stood one dollar higher at 38 dlrs
+  in response to the bid speculation. Unilever dipped 33p to
+  3,275 in a generally depressed U.K. Market.
+      Most analysts dismissed the rumours saying it was an old
+  story, and one commented that it was "utter rubbish," adding he
+  thought Unilever would not be interested in Gillette.
+      Gillette shares rose sharply at the beginning of the month
+  on Wall Street rumours that Sir James Goldsmith was building a
+  stake in the company.
+      Gillette has been the subject of repeated rumours since
+  Ronald Perelman, chairman of the Revlon Group Inc <REV>, made
+  an unsuccessful bid for the company last year.
+  
+
diff --git a/reuters/test/18585 b/reuters/test/18585
new file mode 100644
index 0000000000000000000000000000000000000000..418c65ca4e8e1f213d3953792ddb5f049d7b0450
--- /dev/null
+++ b/reuters/test/18585
@@ -0,0 +1,9 @@
+SERVICE RESOURCES <SRC> ENDS SORG <SRG> BID
+  Service Resources Corp said it has
+  withdrawn and terminated its 23 dlr per share takeover offer to
+  Sorg Inc because Sorg failed to respond to the bid.
+      It said, as Sorg's largest single shareholder, it will
+  evaluate all its options, including making a further offer to
+  Sorg or disposing of some or all of its Sorg shares.
+  
+
diff --git a/reuters/test/18590 b/reuters/test/18590
new file mode 100644
index 0000000000000000000000000000000000000000..6ddbb196cc51ad7ea6cd4bc15efd92bf41ebf5b5
--- /dev/null
+++ b/reuters/test/18590
@@ -0,0 +1,12 @@
+HALCYON HAS STAKE IN RESEARCH-COTTRELL <RC>
+  Halcyon Investments, a New York firm,
+  reported a 6.9 pct stake in Research-Cottrell Inc.
+      Alan Slifka, a partner in Halcyon, told Reuters the shares
+  were purchased for investment purposes but declined further
+  comment.
+      On June 8, Research-Cottrell said it had entered into a
+  definitive agreement to be acquired by R-C Acquisitions Inc for
+  43 dlrs per share. Research-Cottrell closed at 44-1/4 today,
+  unchanged from the previous close.
+  
+
diff --git a/reuters/test/18591 b/reuters/test/18591
new file mode 100644
index 0000000000000000000000000000000000000000..ff6913c1280cd75f4441d3bc6c581a011ceed331
--- /dev/null
+++ b/reuters/test/18591
@@ -0,0 +1,20 @@
+CULLINET SOFTWARE INC <CUL> 4TH QTR EARNINGS
+  April 30 end
+      Shr loss 13 cts vs shr profit 12 cts
+      Net loss 4,116,000 vs net profit 3,672,000
+      Revs 61.1 mln vs 55.5 mln
+      Avg shrs 32,263,000 vs 31,640,000
+      12 months
+      Shr loss 86 cts vs shr profit 42 cts
+      Net loss 27.6 mln vs net profit 13 mln
+      Revs 174.9 mln vs 189.3 mln
+      Avg shrs 32,184,000 vs 30,938,000
+      NOTE: Both 1987 and 1986 figures restated to reflect April
+  21, 1987 acquisition of Distribution Management Systems Inc,
+  accounted for as a pooling of interests.
+      1987 results include a first quarter non-recurring charge
+  of 7 mln dlrs with an after-tax impact of 11 cts per share
+  attributable to the write-off of the remaining assets acquried
+  from Computer Pictures Corp in November 1982.
+  
+
diff --git a/reuters/test/18592 b/reuters/test/18592
new file mode 100644
index 0000000000000000000000000000000000000000..2fe6b2e17d2a2d33241b4bdd586ad4aaaa498ab8
--- /dev/null
+++ b/reuters/test/18592
@@ -0,0 +1,13 @@
+ALLEGIS <AEG> MEETS WITH UNITED EMPLOYEES GROUP
+  A spokesman for a group of United
+  Airlines employees, who oppose the attempted takeover of United
+  by the Airline Pilots Association, said he met with the new
+  chairman of Allegis, Frank Olson.
+      William Palmer, the group's spokesman, which claims to
+  speak for thousands of United employees, said the meeting with
+  Olson was "positive and friendly," but no future meeting dates
+  were set.
+      In April the pilots union offered to buy out United, an
+  Allegis subsidiary, through an employee stock ownership plan.
+  
+
diff --git a/reuters/test/18595 b/reuters/test/18595
new file mode 100644
index 0000000000000000000000000000000000000000..f07b93e525d956a56509cac6e0d59e01cf6d6114
--- /dev/null
+++ b/reuters/test/18595
@@ -0,0 +1,13 @@
+NAT WEST CUTS MORTGAGE RATE FOR NEW BORROWERS
+  National Westminster Bank Plc <NWBL.L>
+  announced a 0.75 pct reduction in the mortgage interest rate
+  applicable to new mortgages taken out from June 19, 1987.
+      The new rate is 10.5 pct (APR - Annual Percentage Rate -
+  11.2 pct including fees for normal repayment mortgages, and
+  11.1 pct including fees for endowment and pension mortgages).
+      A spokesman for Nat West said the position for existing
+  mortgages is being kept under active review in the light of
+  market conditions, and an announcement will be made as soon as
+  possible.
+  
+
diff --git a/reuters/test/18599 b/reuters/test/18599
new file mode 100644
index 0000000000000000000000000000000000000000..72a0ec9f1518d5df579d82544e2ca9096b518980
--- /dev/null
+++ b/reuters/test/18599
@@ -0,0 +1,13 @@
+RPT - OPPOSITION TO EC OILS TAX INTACT - MINISTER
+  A minority group of European
+  Community countries strong enough to block the adoption of a
+  tax on vegetable and marine oils and fats is still intact after
+  the EC Commission proposed changes to its proposals earlier
+  today, British agriculture minister John MacGregor told
+  journalists.
+      He said Britain, West Germany, the Netherlands and Denmark
+  continue to oppose the tax after the Commission proposed making
+  it temporary and promising compensation to any third countries
+  whose exports suffered.
+  
+
diff --git a/reuters/test/18600 b/reuters/test/18600
new file mode 100644
index 0000000000000000000000000000000000000000..819679b8a40ba15853e6f6cfed0fa210063d4fe3
--- /dev/null
+++ b/reuters/test/18600
@@ -0,0 +1,15 @@
+HARCOURT BRACE <HBJ> CALLS SPECIAL MEETING
+  Harcourt Brace Jovanovich Inc said
+  it has called a special meeting for July 23 for a vote on an
+  increase in authorized common shares to 100 mln from 50 mln, an
+  increase in preferred shares to 150 mln from 2,500,000 and a
+  provision allowing the payment of preferred dividends in stock
+  or property as well as cash.
+      The company said June 29 will be the record date for the
+  meeting.  Harcourt which is fighting off a takeover bid from
+  <British Printing and Communication Corp PLC>, has declared a
+  special dividend on common stock of 40 dlrs in cash and 12 pct
+  preferred stock with a market value of 10 dlrs per share.
+      The special dividend is to be paid July 27.
+  
+
diff --git a/reuters/test/18602 b/reuters/test/18602
new file mode 100644
index 0000000000000000000000000000000000000000..c36ea2521b50decba28e7b6b00fb6a5a03b96e98
--- /dev/null
+++ b/reuters/test/18602
@@ -0,0 +1,12 @@
+PENWEST INC <PENW.O> 3RD QTR MAY 31 NET
+  Shr 1.08 dlrs vs 37 cts
+      Net 3,025,000 vs 1,188,000
+      Sales 35.2 mln vs 35.4 mln
+      Avg shrs 2,794,298 vs 3,187,051
+      Nine mths
+      Shr 2.43 dlrs vs 83 cts
+      Net 6,781,000 vs 2,576,000
+      Sales 101.0 mln vs 99.7 mln
+      Avg shrs 2,794,298 vs 3,115,499
+  
+
diff --git a/reuters/test/18604 b/reuters/test/18604
new file mode 100644
index 0000000000000000000000000000000000000000..f9ea09ffa3ecc3a6aaeefb5dae86be51ad15259a
--- /dev/null
+++ b/reuters/test/18604
@@ -0,0 +1,55 @@
+RPT - EUROPEAN TRADE MAY PROPOSE NEW ICO FORMULA
+  European coffee traders and roasters
+  may propose a new formula for calculating International Coffee
+  Organization (ICO) coffee quotas at the end of their meeting
+  here this week, traders and officials told Reuters.
+      Although traders were unwilling to reveal details of the
+  possible new formula, they said it would give Brazil, the
+  world's biggest coffee producer, unchanged ICO quotas for the
+  next two years and could be a basis for renegotiation.
+      "The main sticking point on quotas has been Brazil's
+  attitude, and this compromise could be a solution, " one said.
+      However, the European coffee trade federation meeting,
+  which began here today and is to continue to the end of the
+  week, has revealed gaps in the European position on
+  re-introducing quotas.
+      Traders said that, as a whole, the trade side was against
+  re-introduction of ICO quotas, while roasters were generally in
+  favour with the single proviso that there had to be some
+  formula basis for re-allocating quota shares among producing
+  countries.
+      The roasters said the positions were generally fairly
+  close, and problems with some Government officials.
+      Germany and Italy were cited as the extremes of polarized
+  Government attitudes, with most other countries on the fence.
+      Sources said Germany was the most extreme against quota
+  re-introduction, while the Italians were most in favour.
+      "Nevertheless, we expect to find enough common ground by the
+  end of the week to at least present a common European Community
+  (EC) view at the next meeting of consumer members of the
+  International Coffee Agreement (ICA) in July," one trader said.
+      "We hope we can present the compromise proposal and that not
+  only the consumer side, but the producer side will accept it,"
+  one official said.
+      "We have learned that we can live without the quotas that
+  were suspended in February last year, but would prefer the
+  stability they can bring to the market as long as we do not
+  simply return to the old and outdated status quo as far as
+  quota allocation is concerned," he added.
+      Overall, however, trader and roaster opinion on the
+  likelihood of a successful re-negotiation was mildly
+  pessimistic, varying between a 50-50 chance and 60-40 against.
+      "Our main difficulty will be to persuade the U.S. On the
+  consumer side and Brazil on the producer side to agree to quota
+  re-introduction, " he said.
+      "The U.S. Position has, if anything, hardened, while the new
+  Brazilian Coffee Institute president has adopted the least
+  negotiable position of any of his predecessors," one trader
+  said.
+      "However, with many producers starting to swing in favour of
+  the consumer position that quotas have to be re-allocated under
+  a new formula, Brazil is becoming increasingly isolated, which
+  gives at least some hope of a compromise at the ICO quota
+  meeting in September," the official said.
+  
+
diff --git a/reuters/test/18605 b/reuters/test/18605
new file mode 100644
index 0000000000000000000000000000000000000000..ae84a329068513f69b254844e2f7112db54cad9e
--- /dev/null
+++ b/reuters/test/18605
@@ -0,0 +1,9 @@
+FIRST DATA MANAGEMENT <FDMC.O> COMPLETES MERGER
+  First Data Management co Inc said
+  it has completed a merger into Firsst Data MAnagement Holding
+  co following sharehoplder approval.
+      It said each 100 shares will be exchanged for 1,000 dlrs
+  principal amount of 14.375 pct senior subordinated debentures
+  due June 15, 2002.
+  
+
diff --git a/reuters/test/18606 b/reuters/test/18606
new file mode 100644
index 0000000000000000000000000000000000000000..f9deb8b0a904b986ae4580c0eadc556e7ed28284
--- /dev/null
+++ b/reuters/test/18606
@@ -0,0 +1,11 @@
+FROST AND SULLIVAN INC <FRSL.O> 3RD QTR
+  Qtr ends April 30
+      Shr loss 10 cts vs profit nine cts
+      Net loss 163,465 vs profit 131,815
+      Revs 3,672,731 vs 3,763,829
+      Nine mths
+      Shr profit four cts vs profit one ct
+      Net profit 57,911 vs profit 11,380
+      Revs 11,753,950 vs 10,794,822
+  
+
diff --git a/reuters/test/18609 b/reuters/test/18609
new file mode 100644
index 0000000000000000000000000000000000000000..10eebfa7ac6c5b5a6e824e98f9508605889a6cb1
--- /dev/null
+++ b/reuters/test/18609
@@ -0,0 +1,36 @@
+INDONESIA REJECTS WORLD BANK FARM REFORM PROPOSALS
+  Indonesia rejected World Bank
+  recommendations for sweeping reforms to its farm economy, as
+  the country's foreign aid donors met to consider giving it 2.5
+  billion dlrs in grants and soft loans.
+      Agriculture Minister Achmad Affandi, in written remarks
+  distributed today as Indonesia's 14 foreign donor nations met
+  at The Hague, said, "The general argument presented by the Bank
+  for this free trade, open economy view is weak."
+      The Bank called for overhauls in how Indonesia manages the
+  largest farm area in South-east Asia, and said agricultural
+  growth was stagnating under subsisides for rice farming.
+      The Bank report said Indonesia's rice production had peaked
+  and the subsidies are a waste of money.
+      Affandi replied that rice is the main staple and provides
+  an income for 17 pct of the workforce. The subsidies were
+  needed to support the fertilizer industry, including importers,
+  exporters, producers and distributors, he said, as well as
+  assisting in small part the majority of Indonesian farmers.
+      Affandi agreed with a bank recommendation that farmers
+  should be free to choose their own crops, but he said the
+  government would continue to maintain production targets for
+  "strategic commodities" such as rice and sugar.
+      The Bank report was especially critical of Indonesia's
+  drive to plant sugar, saying domestic sugar prices are double
+  the world average because of inefficiencies, and the country
+  would save money by importing the commodity.
+      However, Affandi said volatile world sugar prices, the need
+  to save foreign exchange and an already up-and-running sugar
+  industry were good arguments for continuing the sugar drive.
+      He also said import barriers and trade monopolies in the
+  agricultural sector were needed to help domestic industry
+  develop and because of "over-production and price intervention
+  in the developed nations."
+  
+
diff --git a/reuters/test/18610 b/reuters/test/18610
new file mode 100644
index 0000000000000000000000000000000000000000..3d778e83ff210c72d1fae518810da706a9141fb4
--- /dev/null
+++ b/reuters/test/18610
@@ -0,0 +1,13 @@
+CULP INC <CULP.O> 4TH QTR MAY TWO NET
+  Shr 29 cts vs 23 cts
+      Net 1,262,000 vs 1,002,000
+      Sales 49.9 mln vs 40.3 mln
+      Year
+      Shr 1.18 dlrs vs one dlr
+      Net 5,205,000 vs 4,339,000
+      Sales 180.1 mln vs 150.7 mln
+      NOTE: Prior year net both periods includes gain 900,000
+  dlrs from adjustments to LIFO reserves, compensation related
+  accruals and a revised effective tax rate.
+  
+
diff --git a/reuters/test/18614 b/reuters/test/18614
new file mode 100644
index 0000000000000000000000000000000000000000..9ee684dcb52f5bac1fd93cd02082e276ce00bb80
--- /dev/null
+++ b/reuters/test/18614
@@ -0,0 +1,57 @@
+BUDGET PACT CUTS U.S. FARM FUNDS 1.25 BILLION DLRS
+  U.S. House and Senate budget
+  negotiators agreed as part of an overall budget accord reached
+  yesterday, to cut 1.25 billion dlrs from fiscal 1988 spending
+  on agricultural programs, Congressional sources told Reuters.
+      The agreed cut in farm programs is a compromise between 1.4
+  billion sought by the Senate and one billion by the House.
+      The negotiators also agreed to cut 1.6 billion from the
+  farm budget in fiscal 1989 and 2.45 billion in 1990, for a
+  total of 5.3 billion in saving over three years, sources said.
+      The agreement presents the House and Senate Agriculture
+  committees with difficult choices on how to make changes in
+  agriculture programs that achieve the budget savings targets
+  without jeopardizing popular support payments, senior
+  Congressional aides told Reuters.
+      Some farm state lawmakers already are manuevering to find
+  the budget savings.
+      Rep. Dan Glickman, D-Kan., Chairman of the House grains
+  subcommittee, has introduced a bill which would freeze wheat
+  and corn loan rates for the 1988 crop at the current 2.28 dlrs
+  and 1.92 dlrs respectively, saying it would save 500 mln dlrs.
+      House Agriculture Committee chairman Kika De la Garza has
+  said the committee will consider the Glickman proposal.
+      But Congressional sources said the proposal is unlikely to
+  be approved because of opposition from Republican lawmakers and
+  a strong stance by Agriculture Secretary Richard Lyng, who said
+  freezing loan rates would send the wrong signal to other major
+  grain export competitors and would not achieve the budget
+  savings Glickman claims.
+      Another area where Glickman and other have said budget
+  savings might be made is to increase acreage reduction program,
+  ARP, levels for wheat and corn.
+      However, on this issue also Lyng has taken a strong stand
+  within the Reagan administration, arguing that the 1988 crop
+  wheat acreage reduction should be left at 27.5 pct and not 30
+  pct as sought by the Office of Management and Budget, OMB. Most
+  commodity lobbyists expect Lyng to prevail.
+      Congressional sources said the only way to achieve
+  significant budget cuts through ARP increases would be to boost
+  the 1988 corn ARP. But one informed Congressional source said
+  singling-out corn for an ARP increase would would be seen as
+  unfair to one commodity.
+      Congressional sources said the areas where Congress is most
+  likely to eventually look for budget savings are some
+  tightening of the payment limitation rules, and possible 
+  adoption of a 0/92 program for the 1988 crops of major grains.
+      Those changes would achieve a portion of the 1.25 billion
+  but not enough, they said.
+      Ultimately, Congressional sources said the agriculture
+  committees may be forced to apply an across-the-board cut on
+  all Commodity Credit Corp. payments to farmers, including price
+  support loans and deficiency payments, similar to the
+  Gramm-Rudman-Hollings budget cut applied in fiscal 1986.
+      This idea has been suggested by the American Farm Bureau
+  Federation, AFBF, as the fairest approach for all commodities.
+  
+
diff --git a/reuters/test/18616 b/reuters/test/18616
new file mode 100644
index 0000000000000000000000000000000000000000..ea6043e602faefc0242f4d097b4ba2c8c75d6b31
--- /dev/null
+++ b/reuters/test/18616
@@ -0,0 +1,11 @@
+U.S. FIRST TIME JOBLESS CLAIMS ROSE IN WEEK
+  New applications for unemployment
+  insurance benefits rose to a seasonally adjusted 340,000 in the
+  week ended June 6 from 310,000 in the prior week, the Labor
+  Department said.
+      The number of people actually receiving benefits under
+  regular state programs totaled 2,359,000 in the week ended May
+  30, the latest period for which that figure was available.
+      That was up from 2,255,000 the previous week.
+  
+
diff --git a/reuters/test/18621 b/reuters/test/18621
new file mode 100644
index 0000000000000000000000000000000000000000..4085859f093f3ed50ac32e969625ec985d03cdcd
--- /dev/null
+++ b/reuters/test/18621
@@ -0,0 +1,70 @@
+OPEC DIFFERENTIALS NOT SEEN POSING MAJOR PROBLEMS
+  Some OPEC states are unhappy about the
+  prices assigned to their crude oil but this should not pose
+  great problems when the group reviews its six-month-old price
+  and output pact in Vienna next week, oil analysts say.
+      They said Nigeria, which holds the OPEC conference
+  presidency, and Qatar probably have the biggest grievances
+  about price differentials making some of their crudes
+  uncompetitive.
+      There has also been speculation by Japanese traders that
+  OPEC might want to mark up prices of high-sulphur heavy crudes,
+  to correspond with greater demand and higher fuel oil prices.
+      But most experts agree that a major overhaul of price
+  differentials is unlikely, so as to avoid giving the market
+  signals of a dent in OPEC's new unity.
+      "All OPEC members can make a good case for changing
+  differentials," said one analyst with a major oil company. "But
+  at the end of the day, the attitude is going to be "leave well
+  alone' and little or nothing is likely to be altered."
+      Iran, Libya and Saudi Arabia are among those who also saw
+  sales problems earlier this year, traders say. But diminished
+  customer resistance to fixed prices and, in some cases,
+  marketing incentives have helped their sales.
+      Some producers can sell uncompetitively priced crudes by
+  means of discounts, processing deals or selling them alongside
+  better priced grades in a "package."
+      Many OPEC crudes are seen to be reasonably priced, at least
+  for some part of the year. But many experts say OPEC should
+  change prices quarterly or monthly to match seasonal demand for
+  fuel oil-rich heavy crudes and gasoline-rich lighter grades. At
+  its last meeting in December, OPEC agreed to reintroduce fixed
+  prices from February 1 around an 18 dlr per barrel reference
+  point. Official prices had been effectively dropped in 1985
+  when members offered discounts to attract customers.
+      OPEC also decided to limit first-half 1987 output to 15.8
+  mln bpd and proposed ceilings of 16.6 mln for the third quarter
+  and 18.3 mln for the fourth. Analysts expect it will now extend
+  or raise slightly the current ceiling for the coming months.
+      Spot market and netback values for some crudes do not
+  mirror official prices, but OPEC will probably keep the 18 dlr
+  target and at most make minimal changes to differentials,
+  analysts say.
+      The 18 dlr figure is based on a basket of six OPEC and one
+  non-OPEC crudes. OPEC assigned prices to its other key export
+  crudes, with a 2.65 dlr gap between the heaviest and lightest.
+  Extra heavy crudes were among those left out.
+      Industry estimates vary on the proportion of OPEC oil
+  exports actually sold at official prices. Several experts say
+  only one-quarter to one-third of the total in fact sells at
+  official prices, with some of the rest included in processing
+  or barter deals or sold in the form of refined products.
+      Problems with the new structure appeared earlier this year,
+  when some producers' output fell due to customer reluctance to
+  pay the new prices.
+     Nigeria especially found its gasoline-rich Bonny Light crude
+  -- now OPEC's highest priced grade at 18.92 dlrs a barrel --
+  was uncompetitive on the spot market against Britain's Brent.
+      In February and March, Nigeria's production shrank below
+  its 1.238 mln bpd OPEC quota. Spot prices have since revived,
+  due partly to seasonal demand for gasoline, and its output has
+  risen.
+      Some experts feel Bonny Light is still overvalued and say
+  its price should be cut by between 50 cts to one dlr a barrel.
+      But Mehdi Varzi, chief oil analyst with London's Kleinwort
+  Grieveson Securities, doubts Nigeria will actively push the
+  differentials question in Vienna.
+      "It would not look good for OPEC unity if Nigeria, which
+  holds the presidency, raised the issue," he said.
+  
+
diff --git a/reuters/test/18625 b/reuters/test/18625
new file mode 100644
index 0000000000000000000000000000000000000000..3b872e28613142918f6105d1f8dfa21ee1902783
--- /dev/null
+++ b/reuters/test/18625
@@ -0,0 +1,51 @@
+NEW ZEALAND BUDGET FORECAST SEEN AS POSITIVE
+  Analysts said they were surprised at
+  the government's announcement of a forecast budget surplus for
+  fiscal 1988 but said it was consistent with previous policy
+  statements and positive for the economy.
+      Finance Minister Roger Douglas predicted a budget surplus
+  for the year ending March 1988 of 379 mln New Zealand dlrs
+  against a 1.95 billion deficit last year.
+      Analysts polled by Reuters said the forecast budget surplus
+  was even more positive than the most bullish analysts'
+  forecasts and that this was good news for financial markets.
+      Market expectations among analysts questioned by Reuters
+  before the budget varied widely between a balanced budget and a
+  2.3 billion dlr deficit. But none predicted a surplus.
+      The forecast initially looks positive for both the bond and
+  the foreign exchange markets, one analyst said. Paradoxically,
+  the New Zealand dollar could rise in the medium term, despite
+  lower interest rates, as overseas investors became more
+  confident about investing in New Zealand, he said.
+      However, some foreign exchange dealers disagreed, saying
+  the local dollar is primarily interest rate driven and will
+  move lower.
+      The local dollar dropped to 0.5940/50 U.S. Dlrs in after
+  hours trading, against 0.5970/77 just before the budget
+  release.
+      Analysts said the budget was also positive for the share
+  market, despite an increase in the contribution of company
+  taxation to revenue figures.
+      One equities analyst predicted that the budget surplus
+  announcement could push the share market up by 50 points
+  tomorrow.
+      The Budget statement was broadly as expected, with a
+  continuation of existing policies, and the absence of
+  traditional pre-election incentives would be viewed positively
+  by overseas investors, another said.
+      But one merchant bank economist said that certain anti-tax
+  avoidance measures could damage some sectors of the share
+  market, particularly multi-national companies.
+      The government is also lowering its borrowing requirements,
+  through bond tenders, as a result of the surplus. The
+  requirement for the rest of the year is now down to 950 mln
+  N.Z. Dlrs from a predicted 1.75 billion.
+      Predicted revenue in the Budget looked sustainable and
+  there appeared to be no holding back on expenditure, another
+  economist said. He added that the document seemed entirely
+  credible.
+      "Altogether it looks good for Labour's election prospects,"
+  he said.
+      An election is due before the end of September.
+  
+
diff --git a/reuters/test/18627 b/reuters/test/18627
new file mode 100644
index 0000000000000000000000000000000000000000..7f6b67822b2740d3f18446854ba7a6991e81b682
--- /dev/null
+++ b/reuters/test/18627
@@ -0,0 +1,7 @@
+GENERAL INSTRUMENT CORP <GRL> 1ST QTR MAY 31
+  Shr 37 cts vs eight cts
+      Net 12.0 mln vs 5.1 mln
+      Revs 280.1 mln vs 155.9 mln
+      Backlog 625.7 mln vs 451.6 mln
+  
+
diff --git a/reuters/test/18638 b/reuters/test/18638
new file mode 100644
index 0000000000000000000000000000000000000000..ab27ab2b74bdcbdab56156c2c27976d74a65ed07
--- /dev/null
+++ b/reuters/test/18638
@@ -0,0 +1,17 @@
+MR. ROOTER <ROOT.O> RESCINDS UNITED WESTERN PACT
+  Mr. Rooter Corp said it rescinded
+  a recent agreement calling for <United Western Energy Corp> to
+  to buy a majority of Mr. Rooter's stock for four dlrs a share.
+      The company said it has also demanded repayment of a
+  150,000 dlr loan made to United Western.
+      Since announcing the agreements, Mr. Rooter said, it
+  discovered additional information relating to United Western
+  and the unaffiliated privately held corporation which had
+  guaranteed all of United Western's obligations under the
+  agreements.
+      Mr. Rooter said the agreements were rescinded d"in light of
+  this additional information," without providing details.
+      It said talks are in progress with United Western with
+  regard to the repayment terms of the loan.
+  
+
diff --git a/reuters/test/18642 b/reuters/test/18642
new file mode 100644
index 0000000000000000000000000000000000000000..3cf66acb76ccc60ed672c50352cb6a3e305d624a
--- /dev/null
+++ b/reuters/test/18642
@@ -0,0 +1,36 @@
+INDONESIA REJECTS WORLD BANK FARM REFORM IDEAS
+  Indonesia rejected World Bank
+  recommendations for sweeping reforms to its farm economy, as
+  the country's foreign aid donors met to consider giving it 2.5
+  billion dlrs in grants and soft loans.
+      Agriculture Minister Achmad Affandi, in written remarks
+  distributed today as Indonesia's 14 foreign donor nations met
+  at The Hague, said, "The general argument presented by the Bank
+  for this free trade, open economy view is weak."
+      The Bank called for overhauls in how Indonesia manages the
+  largest farm area in South-east Asia, and said agricultural
+  growth was stagnating under subsidies for rice farming.
+      The Bank report said Indonesia's rice production had peaked
+  and the subsidies are a waste of money.
+      Affandi replied that rice is the main staple and provides
+  an income for 17 pct of the workforce. The subsidies were
+  needed to support the fertilizer industry, including importers,
+  exporters, producers and distributors, he said, as well as
+  assisting in small part the majority of Indonesian farmers.
+      Affandi agreed with a bank recommendation that farmers
+  should be free to choose their own crops, but he said the
+  government would continue to maintain production targets for
+  "strategic commodities" such as rice and sugar.
+      The Bank report was especially critical of Indonesia's
+  drive to plant sugar, saying domestic sugar prices are double
+  the world average because of inefficiencies, and the country
+  would save money by importing the commodity.
+      However, Affandi said volatile world sugar prices, the need
+  to save foreign exchange and an already up-and-running sugar
+  industry were good arguments for continuing the sugar drive.
+      He also said import barriers and trade monopolies in the
+  agricultural sector were needed to help domestic industry
+  develop and because of "over-production and price intervention
+  in the developed nations."
+  
+
diff --git a/reuters/test/18643 b/reuters/test/18643
new file mode 100644
index 0000000000000000000000000000000000000000..8f28e0268ae09081624defcd6203613ef9d68022
--- /dev/null
+++ b/reuters/test/18643
@@ -0,0 +1,7 @@
+GILLETTE SAYS REVLON ASKED ITS BOARD TO CONSENT TO 40.50
+DLRS PER SHARE OFFER
+
+  GILLETTE SAYS REVLON ASKED ITS BOARD TO CONSENT TO 40.50
+  DLRS PER SHARE OFFER
+  
+
diff --git a/reuters/test/18644 b/reuters/test/18644
new file mode 100644
index 0000000000000000000000000000000000000000..76e3c552958180fcb32d1249bf3f7c472c308f6c
--- /dev/null
+++ b/reuters/test/18644
@@ -0,0 +1,7 @@
+LIBERTY FINANCIAL SAYS IT AGREES TO BE ACQUIRED BY
+EQUIMARK FOR 48 DLRS PER SHARE
+
+  LIBERTY FINANCIAL SAYS IT AGREES TO BE ACQUIRED BY
+  EQUIMARK FOR 48 DLRS PER SHARE
+  
+
diff --git a/reuters/test/18646 b/reuters/test/18646
new file mode 100644
index 0000000000000000000000000000000000000000..f62bbe02d669b2fabb6cccff7c1ed0b7a0816de2
--- /dev/null
+++ b/reuters/test/18646
@@ -0,0 +1,13 @@
+PRICE CO <PCLB.O> 3RD QTR JUNE SEVEN NET
+  Shr 30 cts vs 24 cts
+      Net 14.7 mln vs 11.3 mln
+      Sales 738.9 mln vs 605.1 mln
+      Avg shrs 49.0 mln vs 47.9 mln
+      Nine mths
+      Shr 1.11 dlrs vs 93 ctsd
+      Net 54.2 mln vs 42.9 mln
+      Sales 2.45 billion vs 1.95 billion
+      Avg shrs 48.9 mln vs 46.4 mln
+      NOTE: Twelve- and 40-week periods.
+  
+
diff --git a/reuters/test/18648 b/reuters/test/18648
new file mode 100644
index 0000000000000000000000000000000000000000..c8372faa5ebdbf8566c9ccf146435d5ebb7957df
--- /dev/null
+++ b/reuters/test/18648
@@ -0,0 +1,11 @@
+MEDCHEM PRODUCTS INC <MDCH.O> 3RD QTR NET
+  Qtr ends May 31
+      Shr 20 cts vs eight cts
+      Net 509,043 dlrs vs 202,473 dlrs
+      Revs 2,106,462 dlrs vs 1,158,621 dlrs
+      Nine mths
+      Shr 58 cts vs 50 cts
+      Net 1,465,271 dlrs vs 1,240,773 dlrs
+      Revs 5,854,819 dlrs vs 4,640,687 dlrs
+  
+
diff --git a/reuters/test/18651 b/reuters/test/18651
new file mode 100644
index 0000000000000000000000000000000000000000..895554501399f087a394fea85f2159d8814f552c
--- /dev/null
+++ b/reuters/test/18651
@@ -0,0 +1,23 @@
+WESTCOAST <WTC> TO ACQUIRE AGIP PROPERTIES
+  Westcoast
+  Transmission Co Ltd said it agreed to acquire the Western
+  Canada oil and gas reserves and properties of AGIP Canada Ltd,
+  a subsidiary of AGIP SpA, part of Italy's ENI group, for 54 mln
+  Canadian dlrs.
+      At the end of 1986, AGIP Canada reported proven and
+  probable reserves of 4.2 mln barrels of crude oil and natural
+  gas liquids and 22.7 billion cubic feet of natural gas. AGIP
+  Canada also holds 176,000 net exploratory acres in Western
+  Canada. Its properties produce about 1,100 barrels of oil a
+  day.
+      The deal is subject to approval by both companies'
+  directors.
+      Westcoast said the acquisition would enable it to apply
+  more than 150 mln dlrs of accumulated tax pools of AGIP Canada
+  Ltd to enhance after-tax cash flow from the acquired
+  properties.
+      AGIP Canada said it would retain offshore exploration
+  blocks in Labrador, a gold mine in Yukon Territory and uranium
+  interests in Saskatchewan.
+  
+
diff --git a/reuters/test/18654 b/reuters/test/18654
new file mode 100644
index 0000000000000000000000000000000000000000..e4734342b1c0bc94ab195f63577d6328dfdc06f8
--- /dev/null
+++ b/reuters/test/18654
@@ -0,0 +1,8 @@
+LOMAS AND NETTLETON <LNF> TO MAKE ACQUISITION
+  Lomas and Nettleton Financial Corp said
+  it has agreed in principle to acquire Houston discount
+  brokerage firm Texas First Brokerage Services Inc for
+  undisclosed terms, subject to regulatory approvals.
+      It said completion is expected by July 31.
+  
+
diff --git a/reuters/test/18655 b/reuters/test/18655
new file mode 100644
index 0000000000000000000000000000000000000000..3391fa233d92bbcbf466a86869e9d02e8a825fdd
--- /dev/null
+++ b/reuters/test/18655
@@ -0,0 +1,5 @@
+SHELL CANADA RAISES CRUDE OIL POSTING 32 CANADIAN CTS/BBL
+
+  SHELL CANADA RAISES CRUDE OIL POSTING 32 CANADIAN CTS/BBL
+  
+
diff --git a/reuters/test/18658 b/reuters/test/18658
new file mode 100644
index 0000000000000000000000000000000000000000..4ec26cd752eb0c258dda25c7252197b1bce57a8c
--- /dev/null
+++ b/reuters/test/18658
@@ -0,0 +1,25 @@
+LIBERTY FINANCIAL ANNOUNCES MERGER WITH EQUIMARK
+  Liberty Financial Group Inc, the
+  parent of Liberty Savings Bank said it has signed a definitive
+  agreement to be acquired by Equimark Corp <EQK>, the parent of
+  Equibank, for 48 dlrs a share of Liberty.
+      The transaction is structured as a merger of Liberty with a
+  duly-formed unit of Equimark, the company said.
+      Liberty shareholders will receive about 48 dlrs per share
+  uopn the merger, the company said.
+      According to the companies, the acquisition is contingent
+  upon the approval of Liberty's shareholders and the appropriate
+  regulatory authorities.
+     
+      Liberty said the acquisition of its unit, Liberty Savings
+  Bank, by Equimark Corp, will result in the bank operating as a
+  separate wholly owned unit of Equimark.
+      Charles Cheleden, chairman and president of Liberty
+  Financial and Liberty Savings, will continue as president and
+  chief executive officer of Liberty Savings, headquartered in
+  Horsham, Pa., the company said.
+      Liberty said it feels that the price of 48 dlrs in cash per
+  share is attractive and that it has advised by Shearson Lehman
+  Brothers that the price is fair.
+  
+
diff --git a/reuters/test/18660 b/reuters/test/18660
new file mode 100644
index 0000000000000000000000000000000000000000..2949adbd14110dca2c5297c6302fa2d404a00851
--- /dev/null
+++ b/reuters/test/18660
@@ -0,0 +1,18 @@
+GILLETTE <GS> GETS OFFER FROM REVLON <REV>
+  Gillette Co said Revlon Group made an
+  unsolicited request, asking the Gillette board to allow Revlon
+  to make a cash offer for all Gillette shares of at least 40.50
+  dlrs per share.
+      Gillette said consent for the bid is required under a
+  standstill agreement between Revlon and Gillette before Revlon
+  can make any move on Gillette's stock.
+      In November 1986, Revlon made an unsolicited offer for
+  Gillette shares, Gillette said.
+      Subsequently, Revlon withdrew its offer, sold back to
+  Gillette the shares it owned at that time and entered into the
+  standstill agreement.
+      The Gillette board of directors has a regularly scheduled
+  meeting this afternoon, and Gillette said it anticipates making
+  a statement after that meeting.
+  
+
diff --git a/reuters/test/18663 b/reuters/test/18663
new file mode 100644
index 0000000000000000000000000000000000000000..18ac35392bd404e619359e1d260eb03afbe611ee
--- /dev/null
+++ b/reuters/test/18663
@@ -0,0 +1,24 @@
+BECOR WESTERN <BCW> TALKS TO FOURTH BIDDER
+  Becor Western Inc said it
+  is talking with a possible fourth bidder for the company.
+      The company also said Lynch Corp <LGL> has renewed its
+  offer for Becor which was withdrawn last week.
+      Talks with the possible bidder are expected to be concluded
+  shortly, Becor said, adding its board will evaluate all then
+  existing offers at that time.
+      In the meantime, the company said, it plans today to
+  adjourn further its meeting of stockholders to June 30. That
+  meeting was called to act on a merger agreement calling for a
+  buyout by BCW Acquisitions Inc.
+      The third identified Becor suitor is <Davis Mining and
+  Manufacturing Inc>.
+      In Fairfield, N.J., Lynch said its latest proposal calls
+  Lynch to own 75 pct of Becor's stock and Becor holders to
+  retain the other 25 pct.
+      Peviously, Lynch would have held about 25 pct, with Becor
+  holders receiving 25 pct and Becor management about half.
+      Lynch said the proposal was changed because it believes
+  Becor's management "needs more guidance in terms of financial
+  structuring.
+  
+
diff --git a/reuters/test/18664 b/reuters/test/18664
new file mode 100644
index 0000000000000000000000000000000000000000..9ed535e5d3ac3c703b566656d7b5ca6f58f1b46b
--- /dev/null
+++ b/reuters/test/18664
@@ -0,0 +1,7 @@
+U.S. PERSONAL INCOME ROSE 0.2 PCT IN MAY, SPENDING UP 0.1
+PCT
+
+  U.S. PERSONAL INCOME ROSE 0.2 PCT IN MAY, SPENDING UP 0.1
+  PCT
+  
+
diff --git a/reuters/test/18665 b/reuters/test/18665
new file mode 100644
index 0000000000000000000000000000000000000000..5d3bcf5ec06c6af0ce983f829ebe8b4c0ebe846d
--- /dev/null
+++ b/reuters/test/18665
@@ -0,0 +1,24 @@
+U.S. PERSONAL INCOME ROSE 0.2 PCT IN MAY
+  U.S. personal income rose 0.2 pct, or
+  7.9 billion dlrs, in May to a seasonally adjusted annual rate
+  of 3,630.0 billion dlrs, the Commerce Department said.
+      The increase followed a revised 0.4 pct rise in April. The
+  department previously estimated April income rose 0.3 pct.
+      The department also revised up the March personal income
+  rise to 0.3 pct from a previously reported 0.2 pct.
+      Personal consumption expenditures rose 0.1 pct, or 1.5
+  billion dlrs, to 2,893.3 billion dlrs in May after rising 0.6
+  pct or 18.6 billion dlrs in April, the department said.
+      The department said both the April and May increases in
+  personal income were restrained by lower subsidy payments to
+  farmers and by initial payments to a newly established
+  retirement fund for federal government employees in April.
+      Wages and salaries increased 8.8 billion dlrs in May after
+  a 7.0 billion dlr rise in April, while manufacturing payrolls
+  were up 1.6 billion dlrs in May after falling 1.3 billion dlrs
+  in April.
+      Farmers' incomes fell 11 billion dlrs in May after
+  decreasing 6.7 billion dlrs in April due to lower farm subsidy
+  payments, the department said.
+  
+
diff --git a/reuters/test/18667 b/reuters/test/18667
new file mode 100644
index 0000000000000000000000000000000000000000..baf91d06e0371154d165600900d54afb9b492ef5
--- /dev/null
+++ b/reuters/test/18667
@@ -0,0 +1,14 @@
+S. AND W. BERISFORD WANTS TO STAY INDEPENDENT
+  S.And W. Berisford Plc <BRFD.L>, which
+  has attracted takeover bids, is making every possible effort to
+  remain independent, deputy chairman Henry Lewis said after the
+  company announced interim results.
+      "We've taken specific steps to strengthen ourselves for this
+  purpose," he added, referring to management changes and a
+  corporate strategy of concentrating on four business sectors.
+      Berisford aims to produced balanced earnings growth from a
+  combination of commodities, property, financial services and
+  food. Its industrial division, with assets of about 90 mln stg
+  including debt, is being reviewed and parts may be sold.
+  
+
diff --git a/reuters/test/18668 b/reuters/test/18668
new file mode 100644
index 0000000000000000000000000000000000000000..8252d802426625410de720d08ec5fa7465b89672
--- /dev/null
+++ b/reuters/test/18668
@@ -0,0 +1,7 @@
+FED'S SEGER SAYS FOREIGN EXCHANGE MARKETS SHOWING SIGNS
+OF STABILITY
+
+  FED'S SEGER SAYS FOREIGN EXCHANGE MARKETS SHOWING SIGNS
+  OF STABILITY
+  
+
diff --git a/reuters/test/18670 b/reuters/test/18670
new file mode 100644
index 0000000000000000000000000000000000000000..cbd9951b171ce2a853d8606b62bbc32890792ae0
--- /dev/null
+++ b/reuters/test/18670
@@ -0,0 +1,7 @@
+FED'S SEGER SAYS U.S. THRIFT INDUSTRY NEEDS STABLE
+INTEREST RATES
+
+  FED'S SEGER SAYS U.S. THRIFT INDUSTRY NEEDS STABLE
+  INTEREST RATES
+  
+
diff --git a/reuters/test/18672 b/reuters/test/18672
new file mode 100644
index 0000000000000000000000000000000000000000..cce975df938d1f99ce8da6290e6b48f6559476f5
--- /dev/null
+++ b/reuters/test/18672
@@ -0,0 +1,60 @@
+U.K. DATA DEPRESS RATE CUT OUTLOOK - ANALYSTS
+  Today's U.K. Economic data have pushed
+  the chances of another base lending rate cut from the current
+  nine pct further into the distance, analysts said.
+      A record fall in unemployment and good manufacturing
+  production data showed that the economy is still strong and
+  does not need a fillip from lower rates.
+      News that underlying earnings are rising 7.75 pct annually,
+  taken together with higher than expected bank lending and money
+  supply growth, revived inflation worries and monetarist
+  arguments against easier credit, they said.
+      "The timetable on lower interest rates is being pushed back
+  all the while. The strength of the economy and broad money
+  growth are making it more difficult to see one in the near
+  term," said Chase Manhattan Securities economist Robin Marshall.
+      Analysts have reached this conclusion despite yesterday's
+  mortgage rate cuts for new borrowers, which building societies
+  said were a sign of the expected near term trend for U.K.
+  Rates.
+      It also counters the optimistic forecasts of last week that
+  a post-general election cut was imminent, supported by such
+  optimistic economic news as May's record reserves rise which
+  mirrored the Bank of England efforts to cap sterling's
+  strength.
+      The gilt market lost nearly half a point as enthusiasm
+  about May's 64,300 fall in the seasonally adjusted unemployment
+  rate, to 2.95 mln or 10.6 pct of the workforce, was rapidly
+  replaced by dismay at the continued high level of underlying
+  average earnings in April, dealers said.
+      The upset was compounded by news that sterling bank lending
+  rose 2.7 billion stg in May, above forecast, and that the Bank
+  of England looks likely to have to sell more gilts to offset
+  the impact on domestic money supply of its current
+  intervention.
+      "The gilt market reaction was correct," said Bill Martin,
+  chief U.K. Economist at brokers Phillips and Drew.
+      "That's very important ... It shows the economy in a very
+  good state indeed," Skeoch said.
+      "There's no reason to get worries about inflationary
+  pressures because they're very subdued." Unit wage cost rises
+  were better than expected, just one pct higher in the year to
+  April, and it was these costs rather than average earnings
+  which were potentially inflationary, he added.
+      "I don't think these average earnings numbers are a major
+  problem," agreed Chase Manhattan's Marshall.
+      But he said the gilts market was likely to remain worried
+  about the funding implications of recent intervention.
+      He said the inflow of foreign money into sterling assets
+  earlier this year, attracted by growth prospects and hopes that
+  the ruling Conservatives would win last week's election, now
+  looks likely to prevent a base rate cut as the authorities try
+  to prevent these funds swelling the domestic money system.
+      However, David Owen, U.K. Economist at Kleinwort Grieveson
+  Securities, said any fresh sterling strength would still
+  trigger a base rate cut and that today's figures did not signal
+  higher inflation this year.
+      "Wage increases are being offset by productivity growth. As
+  long as that continues we're okay," he added.
+  
+
diff --git a/reuters/test/18674 b/reuters/test/18674
new file mode 100644
index 0000000000000000000000000000000000000000..dd169328d9bedf4a3e5ec7f5fb10fa410d8945ea
--- /dev/null
+++ b/reuters/test/18674
@@ -0,0 +1,24 @@
+FED GOVERNOR SEGER SEES CURRENCY STABILITY
+  Federal Reserve Board Governor Martha
+  Seger said there were signs of helpful stability in foreign
+  exchange markets in recent weeks.
+      "I think we are beginning to see more calm in those markets,"
+  Seger told reporters after a speech to the U.S. League of
+  Savings Institutions.
+      "I think it is very healthy when you can get into a period
+  of stability," she said.
+      She said market forces have a major influence on exchange
+  rates and said she did not know the right value for the dollar
+  against the Yen or the Mark.
+      Seger told the Savings and Loan executives that she was
+  concerned about financial markets' absorption with exchange
+  rate influences.
+      "I am concerned that we have gotten so nervous," about
+  exchange rates, Seger said.
+      She said the Fed takes into account additional factors in
+  determining monetary policy than the value of the dollar
+  against other currencies.
+      On the economy, Seger called the latest figures in gross
+  national product a modest upward revision.
+  
+
diff --git a/reuters/test/18676 b/reuters/test/18676
new file mode 100644
index 0000000000000000000000000000000000000000..741fca4b5598a79f2e0a6bdbc0422e3234bc2181
--- /dev/null
+++ b/reuters/test/18676
@@ -0,0 +1,14 @@
+INDONESIA/TURKEY ELIGIBLE FOR CATTLE UNDER EEP
+  U.S. exporters will be able to sell
+  8,000 head of dairy cattle to Indonesia and 5,000 head to
+  Turkey under the Export Enhancement Program, the U.S.
+  Agriculture Department said.
+      The export sales will be subsidized with commodities from
+  the inventory of the Commodity Credit Corporation (CCC), the
+  department said.
+      Indonesia and Turkey already have purchased 7,500 and 5,000
+  head of dairy cattle, respectively, under the program.
+      Details of the program and an invitation for offers from
+  exporters will be issued in the near future, it said.
+  
+
diff --git a/reuters/test/18678 b/reuters/test/18678
new file mode 100644
index 0000000000000000000000000000000000000000..c5f0eb0386b71bdc95d4fa3bfa9b18a94d5932ed
--- /dev/null
+++ b/reuters/test/18678
@@ -0,0 +1,9 @@
+IMPERIAL OIL RAISES CRUDE OIL POSTINGS 32 CANADIAN
+CTS/BBL, LIGHT SWEET NOW 25.60
+
+
+  IMPERIAL OIL RAISES CRUDE OIL POSTINGS 32 CANADIAN
+  CTS/BBL, LIGHT SWEET NOW 25.60
+  
+  
+
diff --git a/reuters/test/18680 b/reuters/test/18680
new file mode 100644
index 0000000000000000000000000000000000000000..2cc5e5e882f42d3e34a7718c01007b8822dc7655
--- /dev/null
+++ b/reuters/test/18680
@@ -0,0 +1,7 @@
+PHILLIPS RAISES CRUDE OIL POSTED PRICES 50 CTS/BBL
+EFFECTIVE YESTERDAY, WTI NOW 19 DLRS.
+
+  PHILLIPS RAISES CRUDE OIL POSTED PRICES 50 CTS/BBL
+  EFFECTIVE YESTERDAY, WTI NOW 19 DLRS.
+  
+
diff --git a/reuters/test/18682 b/reuters/test/18682
new file mode 100644
index 0000000000000000000000000000000000000000..7b56de4b8d7f9e63ceb84e6c5b3e47a0d79040f0
--- /dev/null
+++ b/reuters/test/18682
@@ -0,0 +1,17 @@
+USAIR <U> SAYS DOT PUBLIC COUNSEL BACKS MERGER
+  USAir Group Inc said the U.S.
+  Department of Transportation's Office of Public Counsel has
+  urged that expedited non-hearing procedures be used in its
+  proposed acquisition of Piedmont Aviation Inc <PIE>.
+      The company said that America West Airlines Inc <AWAL.O>
+  was the only party voicing opposition to the acquisition.  The
+  Department of Transportation had asked parties to submit
+  statements by June 17 either supporting or opposing the
+  acquisition.
+      USAir said it and Piedmont again requested expedited
+  approval for the acquisition.
+      The company said the Office of Public Counsel could find no
+  evidence that the acquisition would substantially lessen
+  competition in any market.
+  
+
diff --git a/reuters/test/18686 b/reuters/test/18686
new file mode 100644
index 0000000000000000000000000000000000000000..e9aa8372affdcaead4a80d6b460ab97c0d643b8d
--- /dev/null
+++ b/reuters/test/18686
@@ -0,0 +1,12 @@
+FREEDOM FEDERAL <FRFE.O> SEEKS BUYER
+  Freedom Federal Savings Bank
+  said it hired Salomon Brothers Inc to solicit offers for the
+  purchase of the bank as part of an ongoing review of methods to
+  enhance shareholder value.
+      Freedom Federal operates 15 retail branch banks and had
+  1986 year end assets of about 733 mln dlrs.
+      "There is no assurance the bank will receive acceptable
+  offers or be sold, but we feel this is a prudent step to take
+  at this time," the bank said.
+  
+
diff --git a/reuters/test/18688 b/reuters/test/18688
new file mode 100644
index 0000000000000000000000000000000000000000..4fe669056db2fb502b9f97c84e05ef7860120420
--- /dev/null
+++ b/reuters/test/18688
@@ -0,0 +1,38 @@
+ARCO <ARC> SPIN-OFF SEEN AT 500 MLN DLRS
+  Atlantic Richfield Co, considering a
+  spin-off of a 20 pct interest in its chemical operations, could
+  gain about 500 mln dlrs from the deal, industry analysts
+  estimated.
+      Yesterday ARCO's stock jumped as much as five points on
+  rumors it was spinning off the chemical operations. Based on
+  about 183 mln outstanding shares, the market in its frenzy was
+  valuing the spin-off at about 900 mln dlrs, analysts said.
+      Atlantic Richfield, aware of the rumors, issued a statement
+  around mid-day that it was considering a sale of only 20 pct of
+  the unit, leading investors to take profits.
+      After the announcement, the company's stock retreated,
+  closing at 93-7/8, up 1-3/8. Today it was off 1/4.
+      "It was a smaller deal than expected and somewhat
+  disappointing," said analyst George Baker at Smith Barney. He
+  said rumors of the spin-off had been around "for a couple of
+  days."
+      Baker said the unit was very profitable but it wasn't
+  getting the type of exposure Atlantic Richfield sought, and its
+  value was not reflected in the company's stock price.
+      Industry analyst Richard Pzena of Sanford C. Bernstein said
+  the unit had operating earnings of 132 mln dlrs last year and
+  he expected it to earn about 175 mln dlrs this year.
+      Based on a multiple of 17 times earnings--which Pzena says
+  chemical companies now sell for--the entire unit is worth about
+  three billion dlrs, putting the 20 pct interest at around 500
+  to 600 mln dlrs.
+      Pzena said he thought the company was selling the stake
+  because chemical margins had peaked, and he speculated the
+  company would use the proceeds to pay down debt.
+      But he added the possibility remained the deal would fall
+  through. Yesterday, ARCO said the proposal had not yet been
+  presented to its board.
+      The chemical unit last year had revenues of 1.9 billion
+  dlrs.
+  
+
diff --git a/reuters/test/18689 b/reuters/test/18689
new file mode 100644
index 0000000000000000000000000000000000000000..c292808bd1a1b73ae96e6c180c7585d011ad7038
--- /dev/null
+++ b/reuters/test/18689
@@ -0,0 +1,13 @@
+SHELL CANADA <SHC> RAISES CRUDE 32 CTS CANADIAN
+  Shell Canada <SHC>, whose majority
+  interest is owned by the Royal Dutch/Shell Group of companies,
+  raised the postings of light sweet and sour crude oil from
+  Edmonton/Swann Hills 32 Canadian cts a barrel, effective today.
+      The new price for light sweet crude oil is 25.60 Canadian
+  dlrs a barrel while the new price for light sweet sour crude is
+  24.08 Canadian dlrs a barrel.
+      The Royal Dtuch/Shell Group owns 72 pct of Shell Canada and
+  public shareholders, primarily Canadian, own the remaining 28
+  pct of the company, a Shell Canada spokesman said.
+  
+
diff --git a/reuters/test/18692 b/reuters/test/18692
new file mode 100644
index 0000000000000000000000000000000000000000..059d7834bbfd6324f72608d7fdda906be26b8a3b
--- /dev/null
+++ b/reuters/test/18692
@@ -0,0 +1,7 @@
+UNION PACIFIC RAISES CRUDE OIL POSTINGS 50 CTS
+A BBL, EFFECTIVE YESTERDAY, WTI TO 19 DLRS.
+
+  UNION PACIFIC RAISES CRUDE OIL POSTINGS 50 CTS
+  A BBL, EFFECTIVE YESTERDAY, WTI TO 19 DLRS.
+  
+
diff --git a/reuters/test/18698 b/reuters/test/18698
new file mode 100644
index 0000000000000000000000000000000000000000..cec699f8ee05e1d1ba60298004dd511a39a1267c
--- /dev/null
+++ b/reuters/test/18698
@@ -0,0 +1,8 @@
+IMPERIAL OIL <IMO.A> RAISES CRUDE 32 CANADIAN CTS
+  Canadian Imperial Oil, 70 pct Exxon
+  owned, said it raised its posting for light sweet crude oil at
+  Edmonton by 32 canadian cts a barrel, effective today.
+      The company said its new posting for light sweet crude oil
+  at Edmonton is 25.60 canadian dlrs a barrel.
+  
+
diff --git a/reuters/test/18699 b/reuters/test/18699
new file mode 100644
index 0000000000000000000000000000000000000000..6bc920660e6ecbf767c5e582e871d08b7f995e95
--- /dev/null
+++ b/reuters/test/18699
@@ -0,0 +1,12 @@
+TULTEX CORP <TTX> 2ND QTR MAY 30 NET
+  Shr 17 cts vs 20 cts
+      Net 3,121,000 vs 3,624,000
+      Revs 60.2 mln vs 59.0 mln
+      Avg shrs 18.3 mln vs 18.2 mln
+      Six mths
+      Shr 40 cts vs 48 cts
+      Net 7,429,000 vs 8,743,000
+      Revs 124.7 mln vs 126.1 mln
+      Avg shrs 18.3 mln vs 18.1 mln
+  
+
diff --git a/reuters/test/18700 b/reuters/test/18700
new file mode 100644
index 0000000000000000000000000000000000000000..2bbb1500f7b0bd876426a687a40fcded6153b67a
--- /dev/null
+++ b/reuters/test/18700
@@ -0,0 +1,23 @@
+DUTCH CONSUMERS/INDUSTRY SEE VEG OILS TAX THREAT
+  Dutch consumers and food processors
+  would be hit hard by the proposed EC tax on oils and fats, Dick
+  de Bruyn, chairman of the commodity board for margarine, fats
+  and oils, MVO, said at the annual meeting.
+      The Dutch are the second largest consumers of margarine and
+  fourth largest consumers of vegetable oils in the EC.
+      The fiercely contested tax would be a levy on consumers and
+  steeply increase the costs of industries such as potato
+  processing and cake and biscuit manufacturing, de Bruyn said.
+      "A move by these industries to countries outside the EC
+  cannot be ruled out," he added.
+      De Bruyn said the tax on vegetable and marine oils and fats
+  would be wide open to fraud, difficult to police, and hugely
+  expensive administratively.
+      He also said the proposed tax contravened not only article
+  three of the General Agreement on Tariffs and Trade (GATT), the
+  Lome Convention, and the United Nations Food and Agriculture
+  Organization (FAO) guidelines, but also the EC's own Treaty.
+      The proposed tax would not only be inflationary but also
+  have consequences for employment and investment, he added.
+  
+
diff --git a/reuters/test/18701 b/reuters/test/18701
new file mode 100644
index 0000000000000000000000000000000000000000..e5f5fd6b8decc5300c047259e51900855245bd9b
--- /dev/null
+++ b/reuters/test/18701
@@ -0,0 +1,7 @@
+DIAMOND SHAMROCK RAISES CRUDE OIL POSTED PRICES 50 CTS
+A BBL, EFFECTIVE YESTERDAY, WTI TO 19 DLRS.
+
+  DIAMOND SHAMROCK RAISES CRUDE OIL POSTED PRICES 50 CTS
+  A BBL, EFFECTIVE YESTERDAY, WTI TO 19 DLRS.
+  
+
diff --git a/reuters/test/18703 b/reuters/test/18703
new file mode 100644
index 0000000000000000000000000000000000000000..31f14a561db454506221a062cf44c2d666ecbe66
--- /dev/null
+++ b/reuters/test/18703
@@ -0,0 +1,11 @@
+POCO PETROLEUMS LTD <POC.TO> 2ND QTR NET
+  Period ended April 30
+      Shr not given
+      Net 2,600,000 vs 1,600,000
+      Revs 18.1 mln vs 15.1 mln
+      SIX MTHS
+      Shr 21 cts vs 42 cts
+      Net 3,800,000 vs 5,500,000
+      Revs 32.9 mln vs 35.8 mln
+  
+
diff --git a/reuters/test/18704 b/reuters/test/18704
new file mode 100644
index 0000000000000000000000000000000000000000..11ec5482181da806b52b2a11c6ef93db8ede1eb7
--- /dev/null
+++ b/reuters/test/18704
@@ -0,0 +1,7 @@
+COASTAL RAISES CRUDE OIL POSTINGS 50 CTS/BBL YESTERDAY,
+WTI TO 19 DLRS
+
+  COASTAL RAISES CRUDE OIL POSTINGS 50 CTS/BBL YESTERDAY,
+  WTI TO 19 DLRS
+  
+
diff --git a/reuters/test/18705 b/reuters/test/18705
new file mode 100644
index 0000000000000000000000000000000000000000..65e0229ff7ce9ae8f65c6a3681c502392d2c6c4d
--- /dev/null
+++ b/reuters/test/18705
@@ -0,0 +1,7 @@
+SOUTHLAND CORP RAISED CRUDE OIL POSTINGS 50 CTS/BBL, WTI
+NOW 19 DLRS/BBL
+
+  SOUTHLAND CORP RAISED CRUDE OIL POSTINGS 50 CTS/BBL, WTI
+  NOW 19 DLRS/BBL
+  
+
diff --git a/reuters/test/18706 b/reuters/test/18706
new file mode 100644
index 0000000000000000000000000000000000000000..854e73b7d1e60ef31f540eaed03f91b2b887aaca
--- /dev/null
+++ b/reuters/test/18706
@@ -0,0 +1,7 @@
+MURPHY RAISES CRUDE OIL POSTINGS 50 CTS A BBL YESTERDAY,
+WTI TO 19 DLRS
+
+  MURPHY RAISES CRUDE OIL POSTINGS 50 CTS A BBL YESTERDAY,
+  WTI TO 19 DLRS
+  
+
diff --git a/reuters/test/18707 b/reuters/test/18707
new file mode 100644
index 0000000000000000000000000000000000000000..3e52315ad0a6740199e4b225773b2fdd417ab7ae
--- /dev/null
+++ b/reuters/test/18707
@@ -0,0 +1,7 @@
+PERMIAN RAISES CRUDE OIL POSTINGS 50 CTS
+ A BBL, WTI TO 19 DLRS
+
+  PERMIAN RAISES CRUDE OIL POSTINGS 50 CTS
+   A BBL, WTI TO 19 DLRS
+  
+
diff --git a/reuters/test/18708 b/reuters/test/18708
new file mode 100644
index 0000000000000000000000000000000000000000..22dbea6ac5e0ad31385c2382718e525cc14c39f5
--- /dev/null
+++ b/reuters/test/18708
@@ -0,0 +1,9 @@
+ROBERT BRUCE INDUSTRIES <BRUCA.O> 1ST QTR LOSS
+  Qtr ends march 28
+      Shr loss 1.46 dlrs vs loss 49 cts
+      Net loss 2,919,000 dlrs vs loss 892,000 dlrs
+      Revs 10.3 mln vs 11.5 mln
+      Avg shrs 2,000,000 vs 1,836,000
+      NOTE: full name of company is robert bruce industries Inc.
+  
+
diff --git a/reuters/test/18713 b/reuters/test/18713
new file mode 100644
index 0000000000000000000000000000000000000000..2b88a35e66c6d89ffaefc929624b9bab0f35ae2c
--- /dev/null
+++ b/reuters/test/18713
@@ -0,0 +1,6 @@
+EVERGOOD PRODUCTS CORP <EVGD.O> 1986 YEAR LOSS
+  Oper shr loss 19 cts vs loss 38 cts
+      Oper net loss 239,000 dlrs vs loss 476,000 dlrs
+      Revs 16.0 mln vs 14.6 mln
+  
+
diff --git a/reuters/test/18718 b/reuters/test/18718
new file mode 100644
index 0000000000000000000000000000000000000000..e6874a965cacfc3447a403c5734b279b1d7dd77d
--- /dev/null
+++ b/reuters/test/18718
@@ -0,0 +1,11 @@
+CALSTAR INC <CSAR.O> YEAR APRIL 30 NET
+  Shr primary 66 cts vs 1.17 dlrs
+      Shr diluted 66 cts vs 81 cts
+      Net 1,220,691 vs 1,302,999
+      Revs 13.7 mln vs 13.1 mln
+      Avg shrs primary 1,859,421 vs 1,112,400
+      Avg shrs diluted 1,859,421 vs 1,826,303
+      NOTE: Latest net includes tax credits of 565,000 dlrs vs
+  620,000 dlrs.
+  
+
diff --git a/reuters/test/18719 b/reuters/test/18719
new file mode 100644
index 0000000000000000000000000000000000000000..f58328a1be7f7e831aafaa4627e9db414322210f
--- /dev/null
+++ b/reuters/test/18719
@@ -0,0 +1,13 @@
+MICRODYNE CORP <MCDY.O> 2ND QTR MAY THREE NET
+  Oper shr nil vs profit one ct
+      Oper net profit 14,000 vs profit 51,000
+      Revs 5,547,000 vs 6,021,000
+      Six mths
+      Oper shr loss nine cts vs profit seven cts
+      Oper net loss 383,000 vs profit 314,000 dlrs
+      Revs 9,31,000 dlrs vs 12.5 mln
+      NOTE: 1986 qtr and six mths excludes loss 171,000 dlrs and
+  358,000 dlrs, respectively, for loss from discontinued
+  operations.
+  
+
diff --git a/reuters/test/18721 b/reuters/test/18721
new file mode 100644
index 0000000000000000000000000000000000000000..15ba377f342e71ac8996c724a020ac6baf83f22b
--- /dev/null
+++ b/reuters/test/18721
@@ -0,0 +1,9 @@
+MAJOR VIDEO CORP <MAJV.O> YEAR APRIL 30 NET
+  Shr 23 cts vs 14 cts
+      Net 611,000 vs 511,000
+      Revs 10.1 mln vs 4,380,000
+      NOTE: Latest year includes three cent per share loss from
+  discontinued operations while prev year includes seven cent per
+  share tax credit.
+  
+
diff --git a/reuters/test/18724 b/reuters/test/18724
new file mode 100644
index 0000000000000000000000000000000000000000..00bdeeb393036249705a712a82183c39d4f19140
--- /dev/null
+++ b/reuters/test/18724
@@ -0,0 +1,13 @@
+FED EXPECTED TO ADD RESERVES
+  The Federal Reserve will enter the
+  government securities market to supply reserves via either a
+  large round of customer repurchase agreements or by overnight
+  or possibly four-day system repurchases, economists said.
+      They said the Fed has a fairly large add need and is likely
+  to face the most reserve dislocations early in the new
+  statement period started today as corporate tax payments swell
+  Treasury balances at the Fed.
+      Fed funds hovered at 6-3/4 pct after averaging 6.80 pct
+  yesterday.
+  
+
diff --git a/reuters/test/18728 b/reuters/test/18728
new file mode 100644
index 0000000000000000000000000000000000000000..4c21b7a3a0d201bf757714ccaa9dfa0c096bc1d6
--- /dev/null
+++ b/reuters/test/18728
@@ -0,0 +1,9 @@
+SOUTHLAND <SLC> UNIT RAISES CRUDE 50 CTS/BBL
+  Southland Corp's subsidiary Citgo
+  Petroleum said it raised its posted prices for crude oil across
+  the board by 50 cts a barrel, effective June 17.
+      Citgo said its new posting for West Texas Intermediate and
+  West Texas Sour is 19 dlrs a barrel. Light Louisiana Sweet is
+  now posted at 19.35, the company said.
+  
+
diff --git a/reuters/test/18730 b/reuters/test/18730
new file mode 100644
index 0000000000000000000000000000000000000000..8529e1570db8efe09c51d9e9b538fcb206fc1609
--- /dev/null
+++ b/reuters/test/18730
@@ -0,0 +1,12 @@
+HOLLINGER <HLG.TO> COMPLETES UNIMEDIA TAKEOVER
+  Hollinger Inc said it completed the
+  previously reported acquisition of privately held Unimedia Inc,
+  the owner of three French language daily newspapers and four
+  printing plants in Ontario and Quebec.
+      The company, which owns 58 pct of (Daily Telegraph Plc)
+  said it named former Carling O'Keefe Ltd chief executive Pierre
+  Des Marais as chief executive of La Societe Media Quebec, the
+  unit acquiring Unimedia.
+      It said his appointment is effective July 2.
+  
+
diff --git a/reuters/test/18732 b/reuters/test/18732
new file mode 100644
index 0000000000000000000000000000000000000000..dcb510de0ad083dfa5306b49bd20a429570d7126
--- /dev/null
+++ b/reuters/test/18732
@@ -0,0 +1,7 @@
+A.G. EDWARDS INC <AGE> 1ST QTR MAY 31 NET
+  Shr 52 cts vs 62 cts
+      Net 10,884,000 vs 12,891,000
+      Revs 133.3 mln vs 128.8 mln
+      Avg shrs 21,017,000 vs 20,845,000
+  
+
diff --git a/reuters/test/18736 b/reuters/test/18736
new file mode 100644
index 0000000000000000000000000000000000000000..e761650ae026b0d568667b09b6fd22e2ad75ac9a
--- /dev/null
+++ b/reuters/test/18736
@@ -0,0 +1,10 @@
+MURPHY OIL <MUR> RAISES CRUDE POSTINGS
+  Murphy Oil said it increased its crude
+  oil posted prices by 50 cts a barrel, effective June 17.
+  The company said its new posting for West Texas Intermediate
+  and West Texas Sour is 19 dlrs a barrel.
+      Light Louisiana Sweet crude is now 19.35 dollars a barrel,
+  the company said. Increases follow a general trend in the
+  industry started yesterday by Sun Co.
+  
+
diff --git a/reuters/test/18738 b/reuters/test/18738
new file mode 100644
index 0000000000000000000000000000000000000000..edfb081370314431c6edcc223bc46a435b4de72e
--- /dev/null
+++ b/reuters/test/18738
@@ -0,0 +1,9 @@
+PHILLIPS PETROLEUM <P> RAISES CRUDE POSTINGS
+  Phillips Petroleum Co said it raised
+  its crude oil posted prices for West Texas Intermediate and
+  West Texas Sour by 50 cts a barrel, effective June 17.
+      The company said the new posted price for WTI and WTS is 19
+  dlrs a barrel. The increase is in reaction to Sun Co raising
+  postings similarly yesterday.
+  
+
diff --git a/reuters/test/18739 b/reuters/test/18739
new file mode 100644
index 0000000000000000000000000000000000000000..efa41fe0588f08bdd6e4439ad9a98ea9359b82df
--- /dev/null
+++ b/reuters/test/18739
@@ -0,0 +1,10 @@
+MOBIL <MOB> HAS NORTH SEA NATURAL GAS FIND
+  Mobil Corp said the 49/28-14 wildcat
+  well in Block 49/28 of the British North Sea flowed 50.6 mln
+  cubic feet of natural gas per day from depths of 7,742 to 7,777
+  feet.
+      The company said it has a 23.33 pct interest and other
+  interest holders include Atlantic Richfield Co <ARC>, Sun Co
+  <SUN> and Deminex AG 10 pct.
+  
+
diff --git a/reuters/test/18743 b/reuters/test/18743
new file mode 100644
index 0000000000000000000000000000000000000000..29975b60f417b553f66405889bccf0e91093e036
--- /dev/null
+++ b/reuters/test/18743
@@ -0,0 +1,7 @@
+PETRO-CANADA RAISES CRUDE POSTINGS 32 CTS CANADIAN/BBL.
+SWEET CRUDE AT 25.60 DLRS CANADIAN/BBL.
+
+  PETRO-CANADA RAISES CRUDE POSTINGS 32 CTS CANADIAN/BBL.
+  SWEET CRUDE AT 25.60 DLRS CANADIAN/BBL.
+  
+
diff --git a/reuters/test/18744 b/reuters/test/18744
new file mode 100644
index 0000000000000000000000000000000000000000..1b325baf9c059f24bf95fdb54778ab4bfcae8fdf
--- /dev/null
+++ b/reuters/test/18744
@@ -0,0 +1,59 @@
+EC COMMISSION DEFENDS OILS AND FATS TAX
+  A spokesman for the European
+  Community Commission defended the controversial plan for a levy
+  on oils and fats, saying that consumers would have to help
+  alleviate the surplus problem by paying the proposed tax.
+      Norbert Tanghe, head of division of the Commission's
+  Directorate General for Agriculture, told the 8th Antwerp Oils
+  and Fats Contact Days "the Commission firmly believes that the
+  sacrifices which would be undergone by Community producers in
+  the oils and fats sector ... Would justify asking consumers to
+  make an appropriate contribution to solving the serious problem
+  within that sector by paying a levy."
+      The proposed tax is necessary because the level of
+  budgetary costs resulting from olive oil and oilseeds
+  production has become unacceptable, Tanghe said.
+      Recent estimates put these costs at 4.0 billion European
+  Currency Units and by 1990 they would rise by another 2.0
+  billion Ecus, he said. In 1990 the Community's "standstill"
+  agreements with Spain and Portugal end and the EC would then
+  feel the full impact of its enlargement.
+      The Commission has proposed several cost and production
+  cutting measures which include the introduction of a maximum
+  guaranteed quantity system, he added.
+      Under the Commission's system for stabilising consumer
+  prices in the oils and fats sector, a reference price of 700
+  Ecus per tonne for refined soy oil would be introduced, Tanghe
+  said.
+      Consumer prices could be raised or lowered by a regulatory
+  amount when market prices are below or above this level.
+      He said the revenue generated by charging a regulatory
+  amount would be used to finance the Common Agricultural
+  Policy's oils and fats regime.
+      "The Commission believes that hostile reactions (to the
+  proposed tax) have for the most part been based on incomplete
+  or an insufficiently thorough analysis of the proposal," he said.
+      Tanghe said the proposed system conforms with General
+  Agreement on Tariffs and Trade, GATT, rules.
+      It would not be discriminatory because it would be applied
+  to domestic and imported products, and past experience showed
+  it would not cause any decline in consumption of oils and fats.
+      EC-produced oilseeds would not benefit more than they do
+  under present aid arrangements, he said.
+      The competitiveness between different oils, whether EC
+  produced or imported, would remain unchanged and quantities
+  imported from third countries would not be affected by the tax,
+  Tanghe said.
+      The proposed system would not alter the EC nations'
+  requirements as far as imports are concerned since the overall
+  effect would stabilise Community production levels without
+  affecting demand, he said.
+      It is one of the proposal's objectives to maintain current
+  import levels, he said.
+      Imports of soybeans would be unaffected because they are
+  imported primarily to satisfy the EC's cakes and meals
+  requirements, which are not covered by the stabilising system.
+  Furthermore, more than half the oil produced from imported
+  beans is re-exported to third countries, Tanghe added.
+  
+
diff --git a/reuters/test/18746 b/reuters/test/18746
new file mode 100644
index 0000000000000000000000000000000000000000..fbf679037357ea89498e3f6ed0513460e348e56d
--- /dev/null
+++ b/reuters/test/18746
@@ -0,0 +1,14 @@
+UNION PACIFIC <UNP> RAISES CRUDE OIL PRICES
+  Union Pacific Resources, formerly
+  Champlin Petroleum, said it raised posted prices for crude oil
+  by 50 cts a barrel, effective yesterday.
+      The price increase brings West Texas Intermediate, the U.S.
+  benchmark grade, to 19.00 dlrs a barrel.
+      The posted price increase follows a similar move by several
+  other oil companies.
+      Sun Co was the first to raise crude oil postings yesterday
+  afternoon and today many other companies are following.
+      The last price increase made by oil companies was around
+  May 22.
+  
+
diff --git a/reuters/test/18747 b/reuters/test/18747
new file mode 100644
index 0000000000000000000000000000000000000000..78baf50e6731e233c088f9ba5bef6d769614da44
--- /dev/null
+++ b/reuters/test/18747
@@ -0,0 +1,7 @@
+MARATHON RAISES CRUDE OIL POSTINGS 50 CTS/BBL, WTI NOW
+19.00 DLRS.
+
+  MARATHON RAISES CRUDE OIL POSTINGS 50 CTS/BBL, WTI NOW
+  19.00 DLRS.
+  
+
diff --git a/reuters/test/18748 b/reuters/test/18748
new file mode 100644
index 0000000000000000000000000000000000000000..bd118ef99c3f3dd661fda694e9d66cd6b69aff6c
--- /dev/null
+++ b/reuters/test/18748
@@ -0,0 +1,12 @@
+VaALIAN BALANCE OF PAYMENTS IN DEFICIT IN MAY
+  Italy's overall balance of payments showed
+  a deficit of 3,211 billion lire in May compared with a surplus
+  of 2,040 billion in April, provisional Bank of Italy figures
+  show.
+      The May deficit compares with a surplus of 1,555 billion
+  lire in the corresponding month of 1986.
+      For the first five months of 1987, the overall balance of
+  payments showed a surplus of 299 billion lire against a deficit
+  of 2,854 billion in the corresponding 1986 period.
+  
+
diff --git a/reuters/test/18749 b/reuters/test/18749
new file mode 100644
index 0000000000000000000000000000000000000000..a34204990e9a4dba2755bd1b0114bb9305b6e039
--- /dev/null
+++ b/reuters/test/18749
@@ -0,0 +1,11 @@
+ITALIAN NET OFFICIAL RESERVES FALL IN MAY
+  Italy's net official reserves fell to
+  67,110 billion lire in May from a previously reported 68,455
+  billion in April, the Bank of Italy said.
+      Gold holdings totalled 35,243 billion lire at end May,
+  unchanged from end April.
+      Convertible currencies totalled 18,277 billion lire in May,
+  down from 20,028 billion in April, while European Currency Unit
+  holdings were 10,610 billion against 10,528 billion.
+  
+
diff --git a/reuters/test/18750 b/reuters/test/18750
new file mode 100644
index 0000000000000000000000000000000000000000..8d992caf8dfba66f048bcbd101cd590ce132d078
--- /dev/null
+++ b/reuters/test/18750
@@ -0,0 +1,7 @@
+FED SAYS IT SETS TWO BILLION DLRS OF CUSTOMER REPURCHASE
+AGREEMENTS
+
+  FED SAYS IT SETS TWO BILLION DLRS OF CUSTOMER REPURCHASE
+  AGREEMENTS
+  
+
diff --git a/reuters/test/18751 b/reuters/test/18751
new file mode 100644
index 0000000000000000000000000000000000000000..309c588bcab78afe71fdeecbb13256c1fc557a6c
--- /dev/null
+++ b/reuters/test/18751
@@ -0,0 +1,14 @@
+BECOR WESTERN <BCW>AGAIN ADJOURNS HOLDER MEETING
+  Becor Western Inc said its
+  reconvened shareholders meeting has been adjourned to 1000 CDT
+  June 30.
+      The company had previously announced plans to again adjourn
+  the meeting following receipt of a renewed offer from Lynch
+  Corp <LGL> yesterday.
+      The meeting was originally convened on June four when
+  shareholders approved the sale of Becor's Western Gear Corp
+  subsidiary before adjourning. The remaining matter to be
+  presented is the proposed acquisition of Becor by BCW
+  Acquisition Inc, now one of four offers for the company./
+  
+
diff --git a/reuters/test/18752 b/reuters/test/18752
new file mode 100644
index 0000000000000000000000000000000000000000..5696c676ba6af19a69add3294810823a1781f516
--- /dev/null
+++ b/reuters/test/18752
@@ -0,0 +1,25 @@
+STEEL FIRMS STUDY USX <X> UNIT PRICE HIKE
+  Two major steel companies said they
+  were studying a price increase announced yesterday by USX
+  Corp's USS steelmaking division.
+      Spokesman for Armco Inc <AS> and Bethlehem Steel Corp <BS>
+  said the proposed price hike was under study.
+      Yesterday, USS said it plans to raise base prices on plate
+  products by 20 dlrs a ton, or about five pct, effective with
+  shipments October 4.
+      A spokesman for LTV Steel Co, a unit of LTV Corp <QLTV>,
+  declined comment, adding that the company does not make heavy
+  plate and makes few other plate products.
+      A spokesman for <National Steel Corp>, a joint venture of
+  National Intergroup Inc <NII> and Nippon Kokan K.K., said the
+  company is not in the product lines affected.
+      Reached later, an Inland Steel Industries Inc <IAD>
+  spokesman said the company was studying the pricing move.
+      USX said the increase will be on all plate products,
+  including carbon, high-strength low-alloy, strip mill and alloy
+  plates. It also said it planned 20-dlr-a-ton increases on some
+  special plate widths and thicknesses.
+      Analysts have said firm prices for steel should contribute
+  to better results at the nation's major steelmakers.
+  
+
diff --git a/reuters/test/18753 b/reuters/test/18753
new file mode 100644
index 0000000000000000000000000000000000000000..c1423b173cf57605abad1314df5a3531ca06444e
--- /dev/null
+++ b/reuters/test/18753
@@ -0,0 +1,12 @@
+ITALIAN BALANCE OF PAYMENTS IN DEFICIT IN MAY
+  Italy's overall balance of payments showed
+  a deficit of 3,211 billion lire in May compared with a surplus
+  of 2,040 billion in April, provisional Bank of Italy figures
+  show.
+      The May deficit compares with a surplus of 1,555 billion
+  lire in the corresponding month of 1986.
+      For the first five months of 1987, the overall balance of
+  payments showed a surplus of 299 billion lire against a deficit
+  of 2,854 billion in the corresponding 1986 period.
+  
+
diff --git a/reuters/test/18754 b/reuters/test/18754
new file mode 100644
index 0000000000000000000000000000000000000000..129d14c7c1363f60933ed1a1aa5aff108ed4cccd
--- /dev/null
+++ b/reuters/test/18754
@@ -0,0 +1,9 @@
+COASTAL <CGP> CRUDE POSTING UP 50 CTS/BBL
+  Coastal Corp <CGP> said it raised the
+  postings of crude oil 50 cts a barrel across the board,
+  effective yesterday, June 17.
+      The new price for West Texas Intermediate is 19.00 dlrs a
+  barrel. For West Texas Sour the new price is 18.10 dlrs a
+  barrel.
+  
+
diff --git a/reuters/test/18763 b/reuters/test/18763
new file mode 100644
index 0000000000000000000000000000000000000000..64a60b0a44857cfdfe1d73d278817d1b57cd516f
--- /dev/null
+++ b/reuters/test/18763
@@ -0,0 +1,9 @@
+FED ADDS RESERVES VIA CUSTOMER REPURCHASES
+  The Federal Reserve entered the
+  government securities market to supply temporary reserves
+  indirectly via two billion dlrs of customer repurchase
+  agreements, a spokesman for the New York Fed said.
+      Fed funds were trading at 6-3/4 pct when the Fed began
+  its action.
+  
+
diff --git a/reuters/test/18765 b/reuters/test/18765
new file mode 100644
index 0000000000000000000000000000000000000000..6a7c8e87d4999a5ae3d8f3c4c76fc30bb790d0a5
--- /dev/null
+++ b/reuters/test/18765
@@ -0,0 +1,10 @@
+NATIONAL INTERGROUP <NII> UNIT RAISES CRUDE PRICES
+  Permian Corp, a subsidiary of National
+  Intergroup, said it raised its crude oil postings by 50 cts a
+  barrel, effective June 17.
+      the company said its new posted price for West Texas
+  Intermediate and West Texas Sour is 19 dlrs a barrel, while
+  Light Louisiana Sweet is now 19.35. The price hike follows
+  other increases industrywide.
+  
+
diff --git a/reuters/test/18768 b/reuters/test/18768
new file mode 100644
index 0000000000000000000000000000000000000000..503a179a971dbc6b67f4d0b7ee29097aeda8b18a
--- /dev/null
+++ b/reuters/test/18768
@@ -0,0 +1,14 @@
+U.S. STEEL FIRMS STUDY USX UNIT PRICE HIKE
+  Two major steel companies said they
+  were studying a price increase announced yesterday by USX
+  Corp's USS steelmaking division.
+      Spokesman for Armco Inc and Bethlehem Steel Corp said the
+  proposed price hike was under study.
+      Yesterday, USS said it plans to raise base prices on plate
+  products by 20 dlrs a short ton, or about five pct, effective
+  with shipments October 4.
+      A spokesman for LTV Steel Co, a unit of LTV Corp, declined
+  comment, adding that the company does not make heavy plate and
+  makes few other plate products.
+  
+
diff --git a/reuters/test/18769 b/reuters/test/18769
new file mode 100644
index 0000000000000000000000000000000000000000..52c6a32fc4df04caea5798e5234329c7fe97c39e
--- /dev/null
+++ b/reuters/test/18769
@@ -0,0 +1,18 @@
+STANDARD COMMERCIAL <STOB.O> 4TH QTR NET
+  qtr ended March 31
+      Shr 74 cts vs 79 cts
+      Net 4,069,000 vs 3,458,000
+      Revs 173.2 mln vs 120.8 mln
+      Year
+      Shr 2.65 dlrs vs 2.73 dlrs
+      Net 13.3 mln vs 11.9 mln
+      Revs 618.4 mln vs 520.7 mln
+      NOTE: Full name is Standard Commercial Tobacco Co.
+     
+      Latest qtr and year includes tax loss carryforwards of
+  771,000 dlrs and 1,042,000 dlrs, respectively, and a loss of
+  613,000 dlrs for discontinued operation. Prev qtr and year
+  includes tax loss carryforwards of 469,000 dlrs and 1,902,000
+  dlrs, respectively.
+  
+
diff --git a/reuters/test/18773 b/reuters/test/18773
new file mode 100644
index 0000000000000000000000000000000000000000..0f761c9bce3f3a8f3fa10a033459921a7b637c4a
--- /dev/null
+++ b/reuters/test/18773
@@ -0,0 +1,10 @@
+PETRO-CANADA CRUDE UP 32 CTS CANADIAN/BBL
+  Petro-Canada, a state-owned oil
+  company, raised the posting prices of sweet and sour crude oils
+  32 cts Canadian per barrel, effective today, the company said.
+      The change brings the price of light sweet crude to 26.50
+  dlrs Canadian per barrel and the price of light sour crude to
+  23.77 dlrs Canadian a barrel. The crude oils are from
+  Edmonton/Swann Hills.
+  
+
diff --git a/reuters/test/18774 b/reuters/test/18774
new file mode 100644
index 0000000000000000000000000000000000000000..ea3d7d7f795d41492778481a8c43b12cba4b3308
--- /dev/null
+++ b/reuters/test/18774
@@ -0,0 +1,26 @@
+U.K. COURT RULES AGAINST RTZ ON OIL FIELD COSTS
+  The U.K. High Court dismissed an appeal
+  by Rio Tinto-Zinc Corp Plc's <RTZL.L> RTZ Oil and Gas Ltd unit
+  and ruled that the financial provisions a company makes for the
+  future cost of abandoning an oil field are not tax deductible,
+  the Press Association reported.
+      The company was appealing against a decision of the Tax
+  Commissioners that any such provision was a capital
+  expenditure, not a revenue expenditure, and was not deductible.
+  The court was told that since 1976 the company had made an
+  annual provision of around 750,000 stg for the eventual cost of
+  abandoning a rig.
+      An RTZ spokesman said the ruling was not worrying as the
+  subsidiary had assumed that the provisions were not deductible
+  from corporation tax payable.
+      It would have been a bonus if the company had won but all
+  budgeting had been on the assumption that it would not, he
+  said.
+      Oil analysts said that RTZ's assumption of liability was
+  shared by the industry as a whole.
+      The ruling appeared to mean that tax relief on the
+  expensive process of abandoning rigs would apply when the
+  expense occurred, not when provisions for future expenses were
+  built into the accounts, one analyst added.
+  
+
diff --git a/reuters/test/18778 b/reuters/test/18778
new file mode 100644
index 0000000000000000000000000000000000000000..4b2c1fe18c7e95f391e974f04c440ee01d2449cc
--- /dev/null
+++ b/reuters/test/18778
@@ -0,0 +1,14 @@
+SOUTHMARK <SM> ACQUIRES BERG VENTURES
+  Southmark Corp said it acquired Berg
+  Ventures Inc, which manages 84 apartment complexes with over
+  18,000 units and 12 shopping centers stretching from New Jersey
+  to Florida that are controlled or affiliated with Berg Harmon
+  Associates. Terms were not disclosed.
+      Southmark said the acquisition makes it the nation's
+  largest apartment management firm with over 100,000 units under
+  its wing. Southmark also said it has become the managing
+  partner of Berg Harmon Associates. Over 3,000 Berg Harmon
+  Limited partners have made capital investments of over 300 mln
+  dlrs in the properties now managed by Southmark.
+  
+
diff --git a/reuters/test/18779 b/reuters/test/18779
new file mode 100644
index 0000000000000000000000000000000000000000..5e759cb89b2f09147cd40bb77f973eedb8a39c64
--- /dev/null
+++ b/reuters/test/18779
@@ -0,0 +1,3 @@
+18-JUN-1987
+  18-JUN-1987
+
diff --git a/reuters/test/18781 b/reuters/test/18781
new file mode 100644
index 0000000000000000000000000000000000000000..579ad29b594e4aab9f4517dc0b7bef574958ec26
--- /dev/null
+++ b/reuters/test/18781
@@ -0,0 +1,48 @@
+GROWTH OF PALM OIL USE SET TO SLOW, OUTPUT TO RISE
+  The rate of increase in world palm oil
+  use is likely to slow next season despite an expected 800,000
+  tonne production rise to 8.13 mln tonnes, Siegfried Mielke,
+  editor of the Hamburg-based newsletter Oil World said.
+      He told the 8th Antwerp Oils and Fats Contact Days that in
+  the next Oct/Sept 1987/88 season, palm oil use will rise to
+  8.25 mln tonnes from 7.71 mln, below the five-year average
+  increase of 550,000 tonnes.
+       Opening stocks at the start of next October are expected
+  to be about 1.4 mln tonnes, 300,000 tonnes below year-earlier
+  levels, bringing total supplies to 9.5 mln tonnes, he said.
+      The anticipated total supplies will be about 500,000 tonnes
+  above this season's available amount, Mielke said.
+      The increase in mature palm tree areas in Malaysia will
+  slow down from this year on, but that will be offset by area
+  expansion in Indonesia, he said.
+      He estimated the combined rise in Malaysian and Indonesian
+  mature area at 8.7 pct next year, after 9.5 pct this year, and
+  at 6.7 pct in 1989 and 5.0 pct in 1990.
+      Malaysia also is shifting plantings to Sabah and Sarawak,
+  where the rate of expansion is higher than in the Peninsula,
+  but where yields are lower, he said.
+       The stocks/usage ratio of seven major oils is also
+  expected to decline, Mielke said. The oils are soybean,
+  cottonseed, sunflowerseed, coconut, rapeseed, palmkernel and
+  palm.
+      At the start of October 1986 stocks of these oils were
+  unusually high and represented 6.8 weeks of the current
+  season's prospective demand, compared with six weeks a year ago
+  and with 5.4 weeks in 1984, he said.
+      Mielke expects the ratio to fall to 5.9 weeks by the start
+  of next October and to the unusually low level of 5.4 weeks by
+  the end of next season.
+      The stocks/usage ratio for palm oil was 11.4 weeks last
+  October and is likely to be 8.7 weeks next October and 7.7 at
+  the end of next season, Mielke said.
+      World oilseed stocks also are expected to fall in the
+  course of the next season, with the biggest reduction seen in
+  soybean stocks, which Mielke expects to decline by 5.0 mln
+  tonnes or by one fifth.
+      Almost all of the decline is expected to occur in the U.S.,
+  for which he estimated ending stocks next season at 10.7 mln
+  tonnes, or 393 mln bushels, against anticipated ending stocks
+  of 15 mln tonnes, or 551 mln bushels, at the end of this
+  season.
+  
+
diff --git a/reuters/test/18782 b/reuters/test/18782
new file mode 100644
index 0000000000000000000000000000000000000000..affc99bf0a8903252541c5a2f88e11264ae50790
--- /dev/null
+++ b/reuters/test/18782
@@ -0,0 +1,14 @@
+PAN-ALBERTA/UNITED GAS SETTLEMENT APPROVED
+  Pan-Alberta Gas Ltd said its
+  1986 proposed settlement with United Gas Pipe Line Co, of
+  Houston, received unconditional approval by the U.S. Federal
+  Energy Regulator Commission.
+      Pan-Alberta said the approved deal authorized terms of a
+  two-year interim contract amendment, cash payments and
+  transportation credits for Pan-Alberta's customers, minimum
+  yearly natural gas takes by United and a two-year commodity
+  price. United will pay Pan-Alberta producers about 50 mln dlrs
+  over the interim period and take at least an average 40 mln
+  cubic feet a day of gas, Pan-Alberta said.
+  
+
diff --git a/reuters/test/18783 b/reuters/test/18783
new file mode 100644
index 0000000000000000000000000000000000000000..39e2b3a0d70e7e778edfc322b1a0079cb90eb0e4
--- /dev/null
+++ b/reuters/test/18783
@@ -0,0 +1,11 @@
+MAY <MA> WON'T BUY ALLIED'S DEY BROTHERS STORES
+  May Department Stores Co said it
+  terminated an agreement with Allied Stores Corp to buy from
+  Allied the four Dey Brothers Stores in Syracuse, N.Y.
+      May and Allied said conditions necessary for the closing
+  were not met.
+      May had planned to make the acquisition an expansion of its
+  Sibley's Department Store Co, which operates in Syracuse,
+  Rochester and Buffalo, N.Y.
+  
+
diff --git a/reuters/test/18789 b/reuters/test/18789
new file mode 100644
index 0000000000000000000000000000000000000000..009f46a471f19a924c4b932f6d99a236eceab542
--- /dev/null
+++ b/reuters/test/18789
@@ -0,0 +1,7 @@
+UNOCAL RAISED CRUDE OIL POSTINGS 50 CTS/BBL, WTI NOW 19
+DLRS/BBL
+
+  UNOCAL RAISED CRUDE OIL POSTINGS 50 CTS/BBL, WTI NOW 19
+  DLRS/BBL
+  
+
diff --git a/reuters/test/18795 b/reuters/test/18795
new file mode 100644
index 0000000000000000000000000000000000000000..52cfb30ab15c1b715f550c00ba5b9c35d49ebc04
--- /dev/null
+++ b/reuters/test/18795
@@ -0,0 +1,10 @@
+UNOCAL <UCL> RAISED CRUDE OIL POSTINGS BY 50 CTS/BBL
+  Unocal said it raised its postings for
+  crude oil by 50 cts a barrel, effective June 17. The company
+  said it is now posting West Texas Intermediate and West Texas
+  Sour at 19 dlrs a barrel.
+      Unocal said its new Light Louisiana Sweet posted price is
+  19.35 dlrs a barrel. the price move follows a wave of increases
+  initiated by Sun Co yesterday.
+  
+
diff --git a/reuters/test/18798 b/reuters/test/18798
new file mode 100644
index 0000000000000000000000000000000000000000..24697325cd48732859f9a52f77e5dc7bca5ec454
--- /dev/null
+++ b/reuters/test/18798
@@ -0,0 +1,24 @@
+ECUADOR HAS TRADE SURPLUS IN FIRST FOUR MONTHS
+  Ecuador posted a trade surplus of 10.6 mln
+  dlrs in the first four months of 1987 compared with a surplus
+  of 271.7 mln in the same period in 1986, the central bank of
+  Ecuador said in its latest monthly report.
+      Ecuador suspended sales of crude oil, its principal export
+  product, in March after an earthquake destroyed part of its
+  oil-producing infrastructure.
+      Exports in the first four months of 1987 were around 639
+  mln dlrs and imports 628.3 mln, compared with 771 mln and 500
+  mln respectively in the same period last year.
+      Exports of crude and products in the first four months were
+  around 256.1 mln dlrs, compared with 403.3 mln in the same
+  period in 1986. The central bank said that between January and
+  May Ecuador sold 16.1 mln barrels of crude and 2.3 mln barrels
+  of products, compared with 32 mln and 2.7 mln respectively in
+  the same period last year.
+      Ecuador's international reserves at the end of May were
+  around 120.9 mln dlrs, compared with 118.6 mln at the end of
+  April and 141.3 mln at the end of May 1986, the central bank
+  said. gold reserves were 165.7 mln dlrs at the end of May
+  compared with 124.3 mln at the end of April.
+  
+
diff --git a/reuters/test/18807 b/reuters/test/18807
new file mode 100644
index 0000000000000000000000000000000000000000..925c35279d1d79b77390cb8fb2a6b9bba635467c
--- /dev/null
+++ b/reuters/test/18807
@@ -0,0 +1,7 @@
+REICHHOLD <RCI> RAISES WAFERBOARD RESIN PRICES
+  Reichhold Chemicals Inc said
+  its Reichhold Ltd subsidiary has raised prices seven U.S. cent
+  per pound on powdered phenolic waferboard resins, effective
+  July 1, due to sharp increases in the cost of phenol.
+  
+
diff --git a/reuters/test/18810 b/reuters/test/18810
new file mode 100644
index 0000000000000000000000000000000000000000..f898202c95c98609b802f92ecf467f1af35c3c9f
--- /dev/null
+++ b/reuters/test/18810
@@ -0,0 +1,9 @@
+DIAMOND SHAMROCK <DRM> RAISES CRUDE POSTINGS
+  Diamond Shamrock R and M said it raised
+  its crude oil contract prices by 50 cts a barrel, effective
+  June 17.
+      The company said its new posting for West Texas
+  Intermediate crude is 19 dlrs a barrel. The price increase
+  follows similar moves by several other companies.
+  
+
diff --git a/reuters/test/18811 b/reuters/test/18811
new file mode 100644
index 0000000000000000000000000000000000000000..e1cd99a8384bacb83fa6d5a9c7261e99fc72b300
--- /dev/null
+++ b/reuters/test/18811
@@ -0,0 +1,17 @@
+XEROX <XRX> AFFILIATE TO SELL S.AFRICAN UNIT
+  Xerox Corp's affiliate Rank Xerox Ltd
+  said it signed a definitive agreement to sell its Rank Xerox
+  South Africa Pty Ltd affiliate to Altron Group <ALRN.O>, for
+  undisclosed terms.
+      Xerox said the preliminary agreement to sell the affiliate
+  to Fintech, an Altron unit, had been reached in March. Xerox
+  said completion of the sale awaits approval of Fintech
+  shareholders and a review by the Johannesburg Stock Exchange.
+       Rank Xerox South Africa was founded in 1964 as a wholly
+  owned unit of Rank Xerox, the Xerox affiliate that manufactures
+  and markets Xerox products in the Eastern Hemisphere.
+      Rank Xerox said that of the 800-man workforce of Rank Xerox
+  South Africa, 40 pct are black, colored or Asian. The company
+  will become a wholly owned unit of Altron.
+  
+
diff --git a/reuters/test/18816 b/reuters/test/18816
new file mode 100644
index 0000000000000000000000000000000000000000..90f754dfe81fd4892fecf4c31b80245d6f02f1c5
--- /dev/null
+++ b/reuters/test/18816
@@ -0,0 +1,11 @@
+MONOLITHIC MEMORIES INC <MMIC.O> 3RD QTR NET
+  Qtr ended June 7
+      Shr six cts vs 17 cts
+      Net 1,332,000 vs 3,658,000
+      Sales 58.3 mln vs 51.6 mln
+      Nine mths
+      Shr 40 cts vs 25 cts
+      net 8,875,000 vs 5,034,000
+      Sales 158.4 mln vs 133.6 mln
+  
+
diff --git a/reuters/test/18824 b/reuters/test/18824
new file mode 100644
index 0000000000000000000000000000000000000000..79a4d3bd8f4870dc89c76d416ecee1e2c3422c22
--- /dev/null
+++ b/reuters/test/18824
@@ -0,0 +1,7 @@
+DUPONT UNIT RAISES CRUDE OIL POSTINGS 50 CTS/BBL,
+EFFECTIVE YESTERDAY
+
+  DUPONT UNIT RAISES CRUDE OIL POSTINGS 50 CTS/BBL,
+  EFFECTIVE YESTERDAY
+  
+
diff --git a/reuters/test/18828 b/reuters/test/18828
new file mode 100644
index 0000000000000000000000000000000000000000..b5e6ab76c81c75feab4d498fdf9659299d291bc6
--- /dev/null
+++ b/reuters/test/18828
@@ -0,0 +1,14 @@
+APPLIED SOLAR ENERGY CORP <SOLR.O> 2ND QTR NET
+  Qtr ended May 2
+      Oper shr profit three cts vs loss five cts
+      Oper net profit 115,000 dlrs vs loss 152,000
+      Revs 7,652,000 vs 4,279,000
+      Six mths
+      Oper shr profit ten cts vs loss 34 cts
+      Oper net profit 342,000 vs loss 1,149,000
+      Revs 14.0 mln vs 7,398,000
+      Note: oper data does not include extraordinary gain of
+  28,000 dlrs, or one ct per shr, in 2nd qtr 1987 or or 118,000
+  dlrs, or four cts per shr, in six mths.
+  
+
diff --git a/reuters/test/18830 b/reuters/test/18830
new file mode 100644
index 0000000000000000000000000000000000000000..ec8c8a7da1b97acfdc848c3f87738563902277c4
--- /dev/null
+++ b/reuters/test/18830
@@ -0,0 +1,14 @@
+CONVERGENT SOLUTIONS INC <CSOL.O> 2ND QTR NET
+  March 31 end
+      Shr profit 14 cts vs loss two cts
+      Net profit 345,544 vs loss 48,097
+      Sales 1,032,224 vs 514,656
+      Avg shrs 2,420,925 vs 2,289,925
+      1st half
+      Shr profit 21 cts vs profit nil
+      Net profit 496,714 vs profit 5,602
+      Sales 1,649,860 vs 1,099,379
+      Avg shrs 2,407,334 vs 2,222,591
+      NOTE: Prior half net includes 1,849 dlr tax credit.
+  
+
diff --git a/reuters/test/18832 b/reuters/test/18832
new file mode 100644
index 0000000000000000000000000000000000000000..0aefb5e336d051c13edded7eebf6a543fef05f0f
--- /dev/null
+++ b/reuters/test/18832
@@ -0,0 +1,7 @@
+<BARRICINI FOODS INC> 1ST QTR LOSS
+  Shr loss three cts vs loss three cts
+      Net loss 78,456 vs loss 95,812
+      Sales 513,607 vs 283,043
+      Avg shrs 3,106,000 vs 2,933,333
+  
+
diff --git a/reuters/test/18835 b/reuters/test/18835
new file mode 100644
index 0000000000000000000000000000000000000000..3b0b9f7e02cb992710fbe8ddcba1e8c61dd9a9de
--- /dev/null
+++ b/reuters/test/18835
@@ -0,0 +1,43 @@
+EUROPEAN COMMUNITY CRITICISES U.S TRADE MEASURES
+  The European Community (EC) accused the
+  United States of violating a political commitment to free trade
+  through practices including a tax on imported gasoline and a
+  customs user fee.
+      EC ambassador Tran Van-Thinh made the formal charge to the
+  surveillance body of the General Agreement on Tariffs and Trade
+  (GATT), GATT spokesman David Woods told reporters.
+      Woods also said the EC was joined by the United States in
+  criticising Brazil for extending its list of products for which
+  import licenses have been temporarily suspended, so as to
+  improve its balance of payments.
+      The United States charged Japan with violating GATT rules
+  by restricting imports of agricultural products through an
+  import licensing system. The United States asked for
+  consultations with Tokyo on the issue.
+      Tran charged that the trade measures contravened a
+  political commitment to halt and reverse trade barriers,
+  pledged by ministers in Punta del Este last September.
+      When ministers established the four year Uruguay round to
+  negotiate freer trade in 13 areas, they set up the GATT
+  surveillance body to monitor this commitment, known in GATT
+  jargon as "standstill and rollback."
+      Tran criticised Washington for the "superfund" tax on oil
+  imports, a customs user fee, and the removal of a special
+  machine tool (known as category FSC34) from its government
+  procurement list for reasons of national security.
+      Warren Lavorel, a U.S. Trade official, defended the
+  policies, saying they did not violate GATT trade rules.
+      The surveillance body will send a record of today's talks
+  to the Trade Negotiating Committee, which oversees the round,
+  to decide any further action on the charges.
+      The oil tax and customs user fee have already been the
+  subject of formal GATT dispute panels set up outside the
+  Uruguay Round to rule on the legality of the practices.
+      The ruling GATT Council yesterday adopted a dispute panel's
+  report and ruled that the U.S. Superfund tax on oil imports
+  breached trade rules. It called on Washington to modify its
+  legislation.
+      Mexico and Canada, along with the European Community,
+  brought the dispute to the GATT last year.
+  
+
diff --git a/reuters/test/18840 b/reuters/test/18840
new file mode 100644
index 0000000000000000000000000000000000000000..e20bee41a3a2b1f134a38f29816f4e129b5148b7
--- /dev/null
+++ b/reuters/test/18840
@@ -0,0 +1,12 @@
+DUPONT UNIT RAISES CRUDE OIL POSTINGS
+  Conoco Inc, a subsidiary of duPont
+  deNemours <DD>, said it raised the contract price it will pay
+  for all grades of crude oil 50 cts a barrel, effective
+  yesterday.
+      The increase brings Conoco's posted price for West Texas
+  Intermediate to 19.00 dlrs a barrel. The West Texas Sour grade,
+  at 34 API, now stands at 18.10 dlrs a barrel. Light Louisiana
+  was also raised 50 cts to 19.35 dlrs barrel.
+      Conoco last changed its crude postings on May 21.
+  
+
diff --git a/reuters/test/18842 b/reuters/test/18842
new file mode 100644
index 0000000000000000000000000000000000000000..a345af22f215fd93f46cb5c602494d4a37847d4c
--- /dev/null
+++ b/reuters/test/18842
@@ -0,0 +1,11 @@
+ALLEGHENY INTERNATIONAL <AG> SELLS THREE UNITS
+  Allegheny International Inc said it
+  has sold its Chemetron Railway Products Inc, True Temper
+  Railway Appliances Inc and Allegheny Axle Co units to
+  newly-formed Chemetron Railway Products Inc for undisclosed
+  terms.
+      It said the new company was formed by senior management of
+  the three railway product units and Kleinwort Benson Group of
+  London.
+  
+
diff --git a/reuters/test/18849 b/reuters/test/18849
new file mode 100644
index 0000000000000000000000000000000000000000..3a4e674b2d1d9220c7477d1b66cd5324df0d8e86
--- /dev/null
+++ b/reuters/test/18849
@@ -0,0 +1,86 @@
+ZAMBIAN COPPER INDUSTRY HOPES FOR STEADY OUTPUT
+  Zambia's copper mining industry is hoping
+  to achieve and maintain production at over 500,000 tonnes a
+  year in the next few years despite low world prices,
+  deteriorating ores and shortages of mine inputs, industry
+  officials said.
+      But Zambia's decision to abandon last May 1 a tough
+  International Monetary Fund (IMF) economic recovery program has
+  introduced an element of uncertainty into plans to restructure
+  the ailing industry and boost profitability, they said.
+      Copper production by the government-controlled Zambia
+  Consolidated Copper Mines (ZCCM) for the 1987 financial year
+  ended March 31 improved slightly to about 471,000 tonnes from a
+  record 1986 low of 463,354 tonnes.
+      "We are convinced that by the end of the 1988 financial
+  year, copper production could well be over 500,000 tonnes due
+  to greater availability of spares and equipment," a ZCCM
+  official said.
+      ZCCM officials said the production of cobalt, another
+  strategic income earner, will also be tailored to meet demand.
+      Finished production in 1986 was 4,565 tonnes, 911 tonnes
+  higher than the previous year and the best production achieved
+  to date.
+      Protracted low world metal prices have badly hit the copper
+  industry in Zambia, the world's fifth biggest producer. Mining
+  is monopolised by ZCCM and accounts for about 90 pct of the
+  country's foreign exchange earnings.
+      Production has also been seriously affected in recent years
+  by equipment breakdowns, deteriorating ore and shortages of
+  spare parts, fuel and lubricants. The 463,354 tonnes output
+  last year compared with a peak 1975 output of 700,000 tonnes.
+      A five-year production and investment plan launched in 1984
+  by ZCCM is being funded by the European Community, the African
+  Development Bank and the World Bank.
+      The plan foresees the shutdown of some seven mining and
+  metallurgical units on the grounds they are unprofitable.
+      ZCCM, the second largest employer after the government, has
+  said it intends to lay off 20,000 of its 60,000 workforce as
+  part of the plan.
+      More than 250 mln dlrs have so far been channelled into the
+  industry in a bid to improve efficiency and profitability under
+  the five-year restructuring plan.
+      Company officials said although reserves were being
+  depleted, Zambia could continue to produce copper beyond the
+  end of the century, though at lower levels of production.
+      Industry sources said ZCCM's projected pre-tax profit for
+  the financial year ended March 31 would be around 500 mln
+  kwacha. But with the current mineral export tax level being
+  levied, a net loss is likely to be registered.
+      ZCCM recorded a net loss of 718 mln kwacha in 1986 compared
+  with a net profit of 19 mln kwacha the year before.
+      Under the foreign exchange auction system introduced in
+  1985, ZCCM's profits from its foreign exchange earnings rose as
+  the value of the kwacha fell to 21 to the dollar from just over
+  two to the dollar.
+      But on May 1, President Kenneth Kaunda abolished the
+  auctioning system, inspired by the International Monetary Fund,
+  and announced Zambia would pursue a go-it-alone economic
+  strategy based on national resources.
+      ZCCM officials are still cautious over what effects the
+  break with the IMF will have on the industry's plans.
+      "We are still consulting to see how the new measures will
+  affect us but it is too early to say just how we shall fare
+  under the new situation," Peter Hansen, director of operations
+  and third in the ZCCM hierarchy, told Reuters.
+      Some analysts believe the new officially-fixed exchange
+  rate of eight kwacha to the dollar will hit ZCCM's export
+  profits.
+      "Most specialists I have talked to tell me the break-even
+  point for ZCCM is a rate of 10 kwacha per dollar," Frederick
+  Chiluba, leader of the Zambian Congress of Trade Unions said.
+      High production costs continue to bedevil the Zambian
+  industry.
+      Zambia mines copper at a relatively expensive rate of 69
+  cents per pound, compared with 55 cents in the United States
+  and under 40 cents in Chile.
+      The industry also faces transport problems due to Zambia
+  being landlocked. The government confirmed this year it had
+  stopped sBending copper south through South Africa.
+      Over 80 pct of shipments, some 35,000 tonnes a month, are
+  sent by rail to the Tanzanian port of Dar-es-Salaam, while
+  5,000 tonnes go via Zimbabwe to the Mozambique port of Beira.
+  Transport has often been hit by shortages of wagons, spares and
+  fuel.
+  
+
diff --git a/reuters/test/18851 b/reuters/test/18851
new file mode 100644
index 0000000000000000000000000000000000000000..80bec7aabb695a6ba944ca597fbcd5cd64b32f9d
--- /dev/null
+++ b/reuters/test/18851
@@ -0,0 +1,14 @@
+RIO DE JANEIRO DOCKERS STRIKE OVER WAGES
+  Rio de Janeiro's 3,500
+  dockworkers went on strike for an indefinite period today to
+  demand wage increases, a spokesman for the dockers said.
+      The Rio dockers did not get support from their colleagues
+  in Santos, Brazil's main port, but the spokesman said they
+  would not return to work unless their demands were met.
+      Earlier this week, some 65,000 dockworkers cancelled a
+  scheduled national strike to pressure port officials to give
+  them a wage increase and other benefits.
+      A Rio port spokesman said the halt would cause daily losses
+  of about 100,000 U.S. dlrs.
+  
+
diff --git a/reuters/test/18852 b/reuters/test/18852
new file mode 100644
index 0000000000000000000000000000000000000000..13acbcd0041e50fd792aa3a6a44889d0ecb7bf7e
--- /dev/null
+++ b/reuters/test/18852
@@ -0,0 +1,11 @@
+FLUOR <FLR> WINS GENERAL ELECTRIC <GE> CONTRACT
+  Fluor Corp said it won a contract
+  with General Electric to design, construct and deliver modules
+  for a methyl chloride process addition.
+      The value of the contract was not disclosed.
+      Fluor said its Applied Engineering Co unit will construct
+  28 modular sections and deliver them to GE's Waterford, N.Y.
+  Silicone Products division plant.
+      Methyl chloride is an integral part of silicone production.
+  
+
diff --git a/reuters/test/18856 b/reuters/test/18856
new file mode 100644
index 0000000000000000000000000000000000000000..c9ad582d539bfc6a2a913cc8b9256b3e2a5220d6
--- /dev/null
+++ b/reuters/test/18856
@@ -0,0 +1,5 @@
+GENCORP SAID AGREEMENT TO SELL RKO PICTURES TERMINATED
+
+  GENCORP SAID AGREEMENT TO SELL RKO PICTURES TERMINATED
+  
+
diff --git a/reuters/test/18857 b/reuters/test/18857
new file mode 100644
index 0000000000000000000000000000000000000000..e98b60346263300237a26a79aa023e87fc1f644f
--- /dev/null
+++ b/reuters/test/18857
@@ -0,0 +1,12 @@
+KELLEY OIL <KLY> BUYING OIL PROPERTIES
+  Kelley Oil and Gas Partners Ltd said it
+  has agreed to purchase all of CF Industries Inc's oil and
+  natural gas properties for about 5,500,000 dlrs, effective July
+  1.
+      It said the Louisiana properties had proven reserves at
+  year-end of 11 billion cubic feet of natural gas and 85,000
+  barrels of oil, condensate and natural gas liquids.
+      Kelley said it currently owns working interests in some of
+  the properties.
+  
+
diff --git a/reuters/test/18858 b/reuters/test/18858
new file mode 100644
index 0000000000000000000000000000000000000000..4588de8daea3e508b6e5e82e67027dd0c1e8fcda
--- /dev/null
+++ b/reuters/test/18858
@@ -0,0 +1,25 @@
+TANZANIA RAISES FUEL PRICES,TAXES IN 1987/8 BUDGET
+  The Tanzanian government, in its
+  second annual budget since embarking on an economic recovery
+  program inspired by the International Monetary Fund, announced
+  increases in fuel prices and sales tax and higher levies on
+  government services.
+      Finance Minister Cleopa Msuya said the government expected
+  to spend 77.33 billion shillings in the financial year 1987/8,
+  39 pct more than this year's estimate. Revenue would provide
+  48.84 billion shillings, leaving a deficit of 28.49 billion to
+  be financed through domestic and foreign loans.
+      This year's budget initially projected a deficit of only
+  3.35 billion shillings but in mid-year the government had to
+  impose new taxes to keep the deficit roughly on target. No
+  figure for the final deficit was avaialble.
+      The budget gave civil servants a 20 pct pay rise with
+  effect from July 1, to compensate for inflation of more than 30
+  pct.
+      Msuya said regular petrol would go up 52 pct, with similar
+  increases in the cost of premium and kerosene. Diesel would
+  rise by 75 pct.
+      The higher levies affect official transactions such as road
+  tolls, vehicle transfers and various licence fees, he added.
+  
+
diff --git a/reuters/test/18859 b/reuters/test/18859
new file mode 100644
index 0000000000000000000000000000000000000000..43da4878433f3c594452b456ec43c41f6b8c3fb7
--- /dev/null
+++ b/reuters/test/18859
@@ -0,0 +1,9 @@
+LEASEWAY TRANSPORTATION <LTC>COMPLETES UNIT SALE
+  Leaseway Transportation Corp said it
+  has completed the previously-announced sale of its Leaseway of
+  Puerto Rico Inc subsidiary to Caguas Central Federal Savings
+  Bank for undisclosed terms.
+      The company said the sale satisfied a condition for its
+  proposed acquisition by an investor group led by Citicorp <CCI>.
+  
+
diff --git a/reuters/test/18860 b/reuters/test/18860
new file mode 100644
index 0000000000000000000000000000000000000000..7563afdd25342f43237181a8b5cbf75d6733a2ab
--- /dev/null
+++ b/reuters/test/18860
@@ -0,0 +1,14 @@
+IBC DETAILS PLANS TO PAY CREDITORS
+  The Brazilian Coffee Institute,
+  IBC, gave details of its plans to pay the 18 companies that
+  bought 630,000 bags of robusta coffee in the London market on
+  its behalf last September.
+      An IBC spokesman told Reuters that a 15 mln dlr loan from
+  the Banco do Brasil would be used to pay five mln dlrs a month
+  in June, July and August to creditors.
+      He said an auction of coffee would raise additional money
+  and added that a Reuter report on June 16 gave the wrong
+  impression that the auction was necessary to raise part of the
+  15 mln dlrs. No date has yet been set for the auction.
+  
+
diff --git a/reuters/test/18861 b/reuters/test/18861
new file mode 100644
index 0000000000000000000000000000000000000000..1af44f8a53857f5ff4026e318278a46ecb2d6f59
--- /dev/null
+++ b/reuters/test/18861
@@ -0,0 +1,20 @@
+MAGELLAN SETS MERGER WITH BALZAC INVESTMENTS
+  <Magellan Corp> said its shareholders
+  approved the merger of Magellan with <Balzec Investments Inc>,
+   a privately held company based in Dallas.
+      Magellan, a company without operations that was formed to
+  acquire an operating entity, said it plans to engage in the
+  development and marketing of a battery charger product owned by
+  Balzac.
+      Magellan did not disclose the terms of the agreement.
+      Following the merger, Balzac shareholders will hold 80 pct
+  of the outstanding stock of Magellan, the company said.
+     
+      Magellan said it will be the surviving corporation
+  following the merger.
+      The companies said they expect the merger will occur after
+  the declaration of effectiveness of an amendment to Magellan's
+  registration statement relating to its common stock purchase
+  warrants and the underlying shares.
+  
+
diff --git a/reuters/test/18863 b/reuters/test/18863
new file mode 100644
index 0000000000000000000000000000000000000000..3ae26c949e4ff7e4deb7f44e18dd7ad331d96b8c
--- /dev/null
+++ b/reuters/test/18863
@@ -0,0 +1,9 @@
+GENCORP <GY> SAYS RKO UNIT SALE TERMINATED
+  GenCorp said its agreement to sell
+  its RKO Pictures subsidiary to a management group has been
+  terminated because the group could not raise the necessary
+  financing.
+      The company said it will again seek buyers for the unit and
+  its library of over 750 films.
+  
+
diff --git a/reuters/test/18865 b/reuters/test/18865
new file mode 100644
index 0000000000000000000000000000000000000000..2bac43fad4fd8d420fb895b9f851d7e7d384a07e
--- /dev/null
+++ b/reuters/test/18865
@@ -0,0 +1,14 @@
+RIO DE JANEIRO DOCKERS STRIKE
+  Rio de Janeiro's 3,500
+  dockworkers went on strike for an indefinite period today to
+  demand wage increases, a spokesman for the dockers said.
+      The Rio dockers did not get support from their colleagues
+  in Santos, Brazil's main port, but the spokesman said they
+  would not return to work unless their demands were met.
+      Earlier this week, some 65,000 dockworkers cancelled a
+  scheduled national strike to pressure port officials to give
+  them a wage increase and other benefits.
+      A Rio port spokesman said the halt would cause daily losses
+  of about 100,000 U.S. Dlrs.
+  
+
diff --git a/reuters/test/18867 b/reuters/test/18867
new file mode 100644
index 0000000000000000000000000000000000000000..dec12b285cfb52eef23c703664e0e7b11394ca7a
--- /dev/null
+++ b/reuters/test/18867
@@ -0,0 +1,24 @@
+U.S. SAID UNFAIRLY PROTECTING DEFENSE INDUSTRY
+  Britain's Defence Minister George Younger
+  said the U.S. Was unfairly protecting its defence industry, and
+  this could lead to British firms demanding counter-measures.
+      Younger told a U.S. Chamber of Commerce meeting that U.S.
+  Legislators were failing to realise "the true nature of the
+  two-way street in terms of ideas, technology and equipment.
+      A British parliamentary report said that up to March
+  British firms had been awarded just 34 mln dlrs worth of
+  contracts for the Strategic Defence Initiative, compared with
+  the 1.5 billion dlrs Britain had hoped to secure.
+      The committee said U.S. Technology export restrictions and
+  "selectiveness" towards foreign contractors had denied British
+  competitors more lucrative orders and largely excluded them
+  from technological research for SDI.
+      Younger said London had given U.S. Companies contracts
+  under conditions of fair and open competition. "All we ask is
+  for our companies to be given similar opportunities," he added.
+      If new American legislation aimed at curbing unfair
+  subsidies was used to exclude foreign suppliers it would not be
+  surprising if British firms pressed for retaliatory measures,
+  Younger said.
+  
+
diff --git a/reuters/test/18870 b/reuters/test/18870
new file mode 100644
index 0000000000000000000000000000000000000000..511deb89247aadb77107b7bb324600192eec3a4c
--- /dev/null
+++ b/reuters/test/18870
@@ -0,0 +1,6 @@
+GODFREY CO <GDFY.O> 1ST QTR MAY 30 NET
+  Shr 36 cts vs 28 cts
+      Net 2,002,000 vs 1,518,000
+      Sales 166.0 mln vs 159.5 mln
+  
+
diff --git a/reuters/test/18872 b/reuters/test/18872
new file mode 100644
index 0000000000000000000000000000000000000000..63fa6314aebddc9aad136128861792d59e46ceb7
--- /dev/null
+++ b/reuters/test/18872
@@ -0,0 +1,14 @@
+PINNACLE WEST CAPITAL <PNW> BUYS MINERAL RIGHTS
+  Pinnacle West Capital Corp said
+  its Malapai Resources Co units bought the mineral rights for
+  uranium mining on about 21,000 acres in northern Wyoming from
+  Westinghouns Electric Corp <WX>.
+      The property is adjacent to a 34,000-acre site the company
+  already owns. Both facilities are at expected to be in full
+  operation in the early 1990s, with annual production of one to
+  two mln lbs of uranium concentrates, the company said.
+      The new site is expected to produce about 250,000 lbs of
+  uranium in its first full year of production in 1988. The
+  adjacent property is expected to begin in 1989.
+  
+
diff --git a/reuters/test/18873 b/reuters/test/18873
new file mode 100644
index 0000000000000000000000000000000000000000..1dd6cee3945885fa45dfd2b0d8abf5684218fa4a
--- /dev/null
+++ b/reuters/test/18873
@@ -0,0 +1,33 @@
+WEST TEXAS COTTON CROP UNSCATHED BY STORM
+  The West Texas cotton crop was largely
+  unscathed by an isolated thunderstorm in that region last night
+  that packed hurricane-force winds, crop and weather experts
+  said.
+      "There might have been some isolated storms, but certainly
+  nothing damaging," said Charles Stichler, an extension
+  agronomist with the Agricultural Extension Service in far West
+  Texas.
+      Rumors of a damaging storm in West Texas helped the New
+  York cotton futures market rally sharply this morning.
+     Cotton for December delivery was 1.35 cents higher at 70.95
+  cents a lb at midsession after peaking this morning at 71.25
+  cents.
+      "What happened is that the storm hit Lubbock airport, and
+  when that happens, everybody sees it," said Dale Mohler, a
+  senior meteorologist with Accu-Weather Inc.
+      Lubbock is the heart of the West Texas cotton region, which
+  produces about 80 pct of that state's crop.
+      The storm produced winds of about 75 mph. "That's hurricane
+  force. But they were isolated to just a small portion of the
+  West Texas area, probably less than five pct," Mohler said.
+      "No doubt there was some damage. But if it had hit in July
+  or August (when fruiting would be underway) it would have been
+  worse," Mohler said.
+      About 60 pct of the West Texas cotton crop has been
+  planted, and the remainder could be done by the weekend if
+  weather remains hot and dry, Stichler said.
+      The temperature in West Texas since mid-week has been about
+  95 degrees. But a hot spell was sorely needed after far heavier
+  than normal rainfall for several weeks, he said.
+  
+
diff --git a/reuters/test/18875 b/reuters/test/18875
new file mode 100644
index 0000000000000000000000000000000000000000..a9848567d29e1fe1392d9d540233d00f508f09df
--- /dev/null
+++ b/reuters/test/18875
@@ -0,0 +1,17 @@
+ROCHESTER COMMUNITY SAVINGS BANK <RCSB.O> 2ND
+  Second quarter ended May 31.
+      Shr 27 cts vs NA
+      Net 3,560 mln vs 2,389,000
+      Six mths
+      Shr 57 cts vs NA
+      Net 7,881,000 vs 5,415,000
+      NOTE: Year-ago per shr figures not available as bank
+  converted to stock ownership April 29, 1986.
+     
+      1987 2nd quarter and six mth net excludes 2,288,000 dlrs or
+  17 cts a share and 4,648,000 dlrs or 33 cts a share,
+  respectively, for tax carryforwards.
+      1986 2nd qtr and six mth net excludes 667,000 dlrs and
+  3,043,000 dlrs, respectively, for tax carryforwards.
+  
+
diff --git a/reuters/test/18882 b/reuters/test/18882
new file mode 100644
index 0000000000000000000000000000000000000000..60a3dc5c29d2d1281fb99fbb7c48b24a0e3d9355
--- /dev/null
+++ b/reuters/test/18882
@@ -0,0 +1,12 @@
+PENNWALT <PSM> TO MAKE ACQUISITION
+  Pennwalt corp said it has agreed in
+  principle to acquire a line of fungicides, insecticides and
+  herbicidesand related manufacturing facilities from Le
+  Raffineries de Soufre Reunies of Marseilles for undisclosed
+  terms, subject to approval by bothe boards and government
+  authorities.
+      The company said the acquired products are sold mostly in
+  FRance for use on grapevines, wheat and sugar beets and sales
+  are about 40 mln dlrs annually.
+  
+
diff --git a/reuters/test/18888 b/reuters/test/18888
new file mode 100644
index 0000000000000000000000000000000000000000..5c7d14c8bb3bf1a5e63379d148084c6e88fa1e43
--- /dev/null
+++ b/reuters/test/18888
@@ -0,0 +1,24 @@
+S. AFRICAN UNION OBJECTS TO PLANNED MATTHEY MOVE
+  A South African trade union is in
+  dispute with a subsidiary of Britain's Johnson Matthey Plc over
+  the company's proposal to move a platinum refinery near
+  Johannesburg to a black tribal homeland.
+      The 30,000-member mainly black Chemical Workers Industrial
+  Union said it fears the planned move to the Bophuthatswana
+  homeland, where South African unions are not recognised, could
+  lead to job losses and affect wages.
+      A mass dismissal last year at the Impala Platinum Holdings
+  Ltd <IPLA.J> mines in the tribal homeland sent world platinum
+  prices rocketing.
+  
+      The union said talks with management over the proposed move
+  had broken down. It said an earlier ballot of refinery workers
+  showed that most favoured striking over the move but added that
+  no final decision had been taken on strike action.
+      The refinery processes all platinum metals of Rustenburg
+  Platinum Holdings Ltd, the world's largest platinum producer.
+      It is owned by Matthey Rustenburg Ltd, a joint-subsidiary
+  of Johnson Matthey and Rustenburg which, in turn, is owned by
+  mining group Johannesburg Consolidated Investment Co Ltd.
+  
+
diff --git a/reuters/test/18895 b/reuters/test/18895
new file mode 100644
index 0000000000000000000000000000000000000000..b8c14e016fb5a37231a288f71e0bb454f9773b6e
--- /dev/null
+++ b/reuters/test/18895
@@ -0,0 +1,10 @@
+LEADER DEVELOPMENT <LDCO.O> MERGER APPROVED
+  Leader Development Corp said
+  shareholders at the annual meeting approved the acquisition of
+  privately-held Clinton American Corp and two related
+  partnerships for 3,450,000 common shares, with the transaction
+  to be accounted for as a pooling of interests.
+      The company said Clinton president F. Daniel Ryan will
+  become president of Leader.
+  
+
diff --git a/reuters/test/18896 b/reuters/test/18896
new file mode 100644
index 0000000000000000000000000000000000000000..ab7cc92d7f48979193a25108f813a648c0603f70
--- /dev/null
+++ b/reuters/test/18896
@@ -0,0 +1,11 @@
+CHEYENNE <CHYN.O> BUYS INTERESTS IN PROPERTIES
+  Cheyenne Resources Inc said it
+  purchased interests in four producing oil and gas properties
+  for 2,240,000 shares of the company's restricted stock.
+      The largest interest was 25 pct of an oil and gas well in
+  Weld County, Colo, the company said. Cheyenne said it had five
+  pct or less interest in the three other properties.
+      Cheyenne said it should realized 10,000 dlrs net income
+  monthly at the properties' current production levels.
+  
+
diff --git a/reuters/test/18898 b/reuters/test/18898
new file mode 100644
index 0000000000000000000000000000000000000000..66f326aed830e911fbc41d6ac5ce9ac9c35a4770
--- /dev/null
+++ b/reuters/test/18898
@@ -0,0 +1,9 @@
+CRANE <CR> ACQUIRES ASSETS OF MARLEY UNIT
+  Crane Co said it acquired certain
+  assets of Chicago Heater Co Inc, a wholly owned subsidiary of
+  the <Marley Co>.
+      The terms of the transaction were not disclosed.
+      Chicago Heater will be intergrated with Crane's Cochrane
+  Environment Systems division, the company said.
+  
+
diff --git a/reuters/test/18899 b/reuters/test/18899
new file mode 100644
index 0000000000000000000000000000000000000000..78e72262da81086a9bbcc958c683c93de2a79b5b
--- /dev/null
+++ b/reuters/test/18899
@@ -0,0 +1,13 @@
+EC INCREASES SPECIAL FEED WHEAT TENDERS - TRADE
+  The European Community (EC) has increased
+  the size of two special export tenders for British and West
+  German feed wheat held in intervention stores and included
+  South Korea as an acceptable destination, traders said.
+      The tender was originally for 120,000 tonnes of British and
+  120,000 tonnes of West German feed wheat for shipment only to
+  Poland.
+      But now both tranches have been increased by 50,000 tonnes
+  to 170,000 tonnes with South Korea added as a possible
+  destination. Both tenders are open from June 24.
+  
+
diff --git a/reuters/test/18902 b/reuters/test/18902
new file mode 100644
index 0000000000000000000000000000000000000000..beebe3cc1662abfa7bd4c5af600e9a36eaa4be95
--- /dev/null
+++ b/reuters/test/18902
@@ -0,0 +1,16 @@
+TANZANIA RAISES FUEL PRICES, TAXES IN BUDGET
+  The Tanzanian government, in its
+  second annual budget since embarking on an economic recovery
+  program inspired by the International Monetary Fund, announced
+  increases in fuel prices and sales tax and higher levies on
+  government services.
+      Finance Minister Cleopa Msuya said regular petrol would go
+  up 52 pct, with similar increases in the cost of premium and
+  kerosene. Diesel would rise by 75 pct.
+      Msuya said the government expected to spend 77.33 billion
+  shillings in the financial year 1987/8, 39 pct more than this
+  year's estimate. Revenue would provide 48.84 billion shillings,
+  leaving a deficit of 28.49 billion to be financed through
+  domestic and foreign loans.
+  
+
diff --git a/reuters/test/18904 b/reuters/test/18904
new file mode 100644
index 0000000000000000000000000000000000000000..bd2f650934fac0eb03e3388e3fc3b55f2ec12867
--- /dev/null
+++ b/reuters/test/18904
@@ -0,0 +1,21 @@
+CANADA BANK RATE RISES TO 8.59 PCT
+  Canada's bank rate rose marginally to
+  8.59 pct from 8.58 pct last week, Bank of Canada said.
+      The bank rate is set one-quarter percentage point above the
+  average yield on the weekly issue of 91-day treasury bills.
+  This week's yield was 8.34 pct, compared with the previous
+  week's 8.33 pct.
+      Tenders were accepted for 2.20 billion dlrs of 91-day bills
+  at an average price of 97.963 dlrs against 97.965 dlrs last
+  week.
+      The 1.20 billion dlrs of 182-day bills were priced at an
+  average 95.852 dlrs against 95.779 dlrs last week, to yield an
+  average 8.68 pct against 8.84 pct last week.
+      The 500 mln dlrs of 364-day bills were priced at an average
+  91.712 dlrs against 91.529 dlrs last week, to yield an average
+  9.06 pct against 9.28 pct last week.
+      Tenders will be received next week for 2.20 billion dlrs of
+  91-day bills, 1.20 billion dlrs of 182-day bills and 500 mln
+  dlrs of 364-day bills.
+  
+
diff --git a/reuters/test/18906 b/reuters/test/18906
new file mode 100644
index 0000000000000000000000000000000000000000..183a139f3e272cfa3c7b4bb334b2f75cbcd6bc75
--- /dev/null
+++ b/reuters/test/18906
@@ -0,0 +1,14 @@
+PENGO <PGO> TO SELL SOME WIRELINE OPERATIONS
+  Pengo Industries Inc said it
+  has agreed to sell its Wireline Products Manufacturing Division
+  in Fort Worth, Texas, Wireline Services Division operations in
+  several locations and Pengo International Inc subsidiary to
+  John Wood Group PLC for undisclosed terms.
+      The company said the Wireline Services operations being
+  sold are in Lafayette, Houma and Harvey, La., Alvin, Odessa and
+  Longview, Texas, and Moore, Okla.
+      Pengo said its Kuykenball Slickline operation in Moore and
+  surplus wireline equipment operations in fort Worth and
+  Cleburne, Texas, will be sold separately.
+  
+
diff --git a/reuters/test/18908 b/reuters/test/18908
new file mode 100644
index 0000000000000000000000000000000000000000..f0a6e53641dc92086917c34361b98777f42ae1c1
--- /dev/null
+++ b/reuters/test/18908
@@ -0,0 +1,13 @@
+EC REJECTS LICENCES FOR SPANISH BARLEY
+  The EC Commission cereals management
+  committee rejected all bids for licences to export free market
+  Spanish barley to non-EC countries, trade sources said.
+      The licence requests were for 35,000 tonnes at between 143
+  and 145 European Currency Units (ECUs), they said.
+      This tender was part of a special tender for 500,000 tonnes
+  of Spanish barley.
+      The sources said there had been no bids for licences for
+  free market soft wheat and non-Spanish barley exports to non-EC
+  countries.
+  
+
diff --git a/reuters/test/18910 b/reuters/test/18910
new file mode 100644
index 0000000000000000000000000000000000000000..372f564326588025ab7460354c934af99bb665bc
--- /dev/null
+++ b/reuters/test/18910
@@ -0,0 +1,12 @@
+MAGIC YEARS <KIDS.O> TO ACQUIRE THREE CENTERS
+  Magic Years Child Care and
+  Learning Centers Inc said it signed a letter of intent to
+  acquire three profitable day care centers in south central
+  Pennsylvania for a total price of 350,000 dlrs.
+      The three privately owned centers had aggregate revenues of
+  474,000 dlrs in 1986, with profits of six thousand dlrs, the
+  company said.
+      The transaction is scheduled to close in early July, the
+  company said.
+  
+
diff --git a/reuters/test/18911 b/reuters/test/18911
new file mode 100644
index 0000000000000000000000000000000000000000..f10619066eb0446963e83179b60b2b0decff7929
--- /dev/null
+++ b/reuters/test/18911
@@ -0,0 +1,41 @@
+BANK OF AMERICA SEES SLOW U.S. CONSUMER SPENDING
+  A trade-led boom in the U.S. is
+  unlikely this year or next because growth in net exports will
+  merely offset a dramatic slowdown in consumer spending and
+  other sectors of the economy, Bank of America said in its
+  latest economic report.
+      Although net exports will add 0.7 pct to GNP this year,
+  after reducing it by 1.2 pct in 1986, consumer spending will
+  contribute 1.4 pct less to GNP than it did last year.
+      As a result, GNP this year is likely to expand a modest 2.5
+  pct, the same rate as last year, according to Daniel Van Dyke,
+  the Bank of America economist who wrote the report.
+      "Growth in consumer spending in the United States will drop
+  dramatically this year because the jump in inflation will cause
+  a falloff in the growth of disposable income," Van Dyke said.
+      Growth in U.S. consumer spending is likely to slow to 1.8
+  pct this year from 4.1 pct in 1986, he predicted.
+      The report was released before the Commerce Department
+  reported today that personal income rose just 0.2 pct in May,
+  after increasing 0.4 pct in April, and that personal
+  consumption expenditures had risen just 0.1 pct, compared with
+  a 0.6 pct increase the month before.
+      The rising cost of energy and imports is likely to boost
+  consumer prices by an average of 3.7 pct this year, up from 1.9
+  pct in 1986, Bank of America forecast.
+      This rise in inflation will reduce real disposable income 
+  growth to only 1.3 pct in 1987 from 2.9 pct in 1986.
+      As a result, Van Dyke calculated that the purchasing power
+  of an average family of four will increase by a modest 540 dlrs
+  this year compared to a surge of 1,210 dlrs during 1986.
+      The slowdown in income growth is likely to cause housing
+  starts to drop by 4.2 pct this year and a further six pct in
+  1988 to an annual rate of 1.63 mln units.
+      "For the first time in several years, a recession in 1988
+  or 1989 is more than a remote possibility," Van Dyke said.
+      Currently, U.S. growth is fragile and depends heavily on an
+  improvement in trade. "However, with protectionist attitudes on
+  the rise in this country, this source of growth is at risk," he
+  added.
+  
+
diff --git a/reuters/test/18917 b/reuters/test/18917
new file mode 100644
index 0000000000000000000000000000000000000000..78ff1e53c8831469bacaa1c00d4c15a31181f280
--- /dev/null
+++ b/reuters/test/18917
@@ -0,0 +1,62 @@
+BROOKLYN UNION<BU> SEEN HURT BY PIPELINE CLOSURE
+  Brooklyn Union Gas Co, a New York gas
+  utility, will see its gas costs up sharply as a result of
+  Transco Energy Co's <E> decision to close its pipelines to
+  transport spot gas sales, energy industry analysts said.
+      Brooklyn Union, the fourth largest gas utility in the
+  United States, purchased 36 pct of its supplies on the spot, or
+  non-contract, market in 1986, and the proportion of spot
+  supplies was estimated much higher in the five months of 1987,
+  analysts said.
+      Texas Eastern pipelines <TET>, the other competing
+  pipeline, to deliver spot gas from producing areas in the South
+  closed its gate station for summer, and Brooklyn Union has
+  relied entirely on Transco for spot supplies.
+       In the month of May, Brooklyn Union paid about two dlrs
+  per mln British Thermal Unit for spot gas, while contract gas
+  costs four to five dlrs per mln BTU, industry sources said.
+      Transco announced yesterday it would no longer provide open
+  access to transport spot natural gas to its customers for fear
+  of accumulating more take-or-pay liabilities.
+      Take-or-pay contracts oblige pipelines to pay producers for
+  gas even if delivery is not taken by its customers.
+      Brooklyn Union will continue receiving a small amount of
+  supplies from minor fields under a grandfather clause, a
+  Brooklyn Union official said.
+      Foster Corwith, gas analyst with Dean Witter Reynolds, said
+  most of the rising cost to Booklyn Union will be passed through
+  to rate payers.
+      While net effect on the company will not be known for
+  several months because of the time lag in deferred earnings,
+  end-users, especially residential and commercial customers,
+  will end up paying more for gas, he said.
+      Because the closure takes place in summer months when gas
+  demand is at seasonal low, the impact on cash flow would be
+  small, Curt Launer, natural gas analyst with Donaldson Lufkin
+  Jenrette, said.
+      If the situation persists into winter heating season, high
+  cost gas could cut in the company's profits, he said.
+      Gas utilities along eastern seaboard relying on Transco for
+  spot gas, such as North Carolina Natural Gas Co <NCNG>,
+  Piedmont Natural Gas Co <PNY>, will face the same high cost
+  factor as Brooklyn Union, Steve Richards, a supply manager with
+  end users supply system, a Houston based natural gas brokering
+  firm, said.
+      "But these companies are not unwitting victims of the
+  take-or-pay dispute between Transco and producers," he said.
+      Distributors have turned a deaf ear to Transco's request
+  for an inventory charge, which reserves the pipeline facility
+  for spot gas to be delivered to these companies, he said.
+      Without spot supplies, the high cost of system gas will
+  threaten to drive away large customers capable of shifting to
+  alternative fuels, he said.
+      In absence of any guidelines on inventory charges from the
+  Federal Energy Regulatory Commission, the matter is being
+  negotiated between pipelines and customers, Richards said.
+      Now that Transco has refused to transport cheap spot gas
+  for them, these distributors are likely to be more conciliatory
+  on the inventory charge, he said.
+      "Cool heads will prevail," DLJ's Launer said, " but it may
+  take a while."
+  
+
diff --git a/reuters/test/18920 b/reuters/test/18920
new file mode 100644
index 0000000000000000000000000000000000000000..6225bbd751d08b2c8de8c2abfffa3b72b257a02c
--- /dev/null
+++ b/reuters/test/18920
@@ -0,0 +1,17 @@
+REYNOLDS METALS <RLM> TO RESTART IDLE POTLINE
+  Reynolds Metals co said it plans
+  to restart the last idle potuction line at its Troutdale, Ore.,
+  primary aluminum plant.
+      With the restart of this 22,700-metric-tonne-per-year line,
+  Reynolds said, it will be operating at 100 pct of its
+  consolidated primary aluminum capacity of 695,000 tonnes per
+  year.
+      Reynolds said work will commence on the potline restart in
+  the near future and it is expected that actual metal production
+  will begin on September one.
+      The company said the start up was necessitated by
+  continuing strong demand for aluminum and dwindling worldwide
+  inventories, and that the metal is needed to supply Reynolds'
+  various fabricating businesses.
+  
+
diff --git a/reuters/test/18921 b/reuters/test/18921
new file mode 100644
index 0000000000000000000000000000000000000000..8697da38485c2b76b40e1a7ddd128f4f164f4cdc
--- /dev/null
+++ b/reuters/test/18921
@@ -0,0 +1,14 @@
+CBC BANCORP TO BE ACQUIRED BY UNION PLANTERS
+  <CBC Bancorp Inc> said it will
+  be acquired by the Memphis-based Union Planters Corp <UPCM.O>
+  in a merger agreement.
+      Details were not disclosed.
+      CBC, which is the holding company which owns Cookeville's
+  Citizens Bank, said it has signed an agreement which would
+  merge CBC with Union, which has 2.2 billion dlrs in assets.
+      According to CBC, Union reported shareholders equity of
+  nearly 190 mln dlrs for the period ending March 31.
+      CBC said the merger will not affect Citizens Banks' name,
+  management, board of directors or employees.
+  
+
diff --git a/reuters/test/18922 b/reuters/test/18922
new file mode 100644
index 0000000000000000000000000000000000000000..76446d3bb105322fde9c6f4060f4e00c9d5b1d61
--- /dev/null
+++ b/reuters/test/18922
@@ -0,0 +1,10 @@
+TIE/COMMUNICATIONS <TIE> RENEWS AGREEMENTS
+  TIE/Communications Inc said it
+  has renewed agreements to sell its GTE Corp <GTE>, Bell
+  Atlantic Corp <BEL>, NYNEX Corp <NYN> and US West Inc <USW> for
+  two years.
+      The company is providing small to mid-siezed key telephone
+  systems to GTE and key systems, hybrids and DATA STAR PABX
+  systems to the others.
+  
+
diff --git a/reuters/test/18924 b/reuters/test/18924
new file mode 100644
index 0000000000000000000000000000000000000000..e1e45f1983085836a690c58646262bf1818aade5
--- /dev/null
+++ b/reuters/test/18924
@@ -0,0 +1,36 @@
+ITC CONTESTS USE OF DOCUMENTS AS COURT EVIDENCE
+  The International Tin Council, ITC,
+  intervened in a High Court hearing in an attempt to prevent the
+  presentation of internal Council documents as evidence.
+      The intervention in Shearson Lehman's action against the
+  London Metal Exchange over its "ring out" of tin contracts in
+  1986 is likely to have implications for other cases in which
+  the Council is involved following the collapse of its buffer
+  stock operations in October 1985, ITC delegates said.
+      The ITC's case is being presented by Professor Rosalyn
+  Higgins and is expected to take a further one or two days next
+  week. Court does not sit tomorrow.
+      In essence the Council is claiming that its status is
+  similar to that of a foreign embassy and that its archives can
+  therefore not be used in an English court of law.
+      The Council ended its quarterly session today ahead of
+  schedule. The meeting had been expected to go on until tomorrow
+  when the European Community's legal advisers were due to
+  attend, but delegates reviewed the progress of the various
+  legal actions today.
+      Otherwise, the meeting was occupied with internal
+  administrative matters, delegates said.
+      The ITC will continue to operate with a reduced staff after
+  June 30 following the two year extension of the sixth
+  International Tin Agreement.
+      As well as dealing with the ongoing litigation, the Council
+  will continue with its statistical work and carry out some
+  research studies, although staffing in the research department
+  is being cut to one from two previously.
+      At this week's session the Council elected Philip Sparkes
+  of Australia as first vice-chairman for the producing members
+  and Heinz Hofer of Switzerland as second vice-chairman for the
+  consumers for the year from July 1. Future quarterly sessions
+  are scheduled for October 5/7 and December 14/16.
+  
+
diff --git a/reuters/test/18930 b/reuters/test/18930
new file mode 100644
index 0000000000000000000000000000000000000000..a7b957b039a6aa2d7ce1073702c5a46058686b52
--- /dev/null
+++ b/reuters/test/18930
@@ -0,0 +1,17 @@
+REYNOLDS METALS TO RESTART IDLE POTLINE
+  Reynolds Metals Co said it plans
+  to restart the last idle potline at its Troutdale, Ore.,
+  primary aluminum plant.
+      With the restart of this 22,700 tonne a year production
+  line, Reynolds said it will be operating at 100 pct of its
+  consolidated primary aluminum capacity of 695,000 tonnes per
+  year.
+      Reynolds said work on the restart will begin in the near
+  future and it is expected that actual metal production will
+  begin September 1.
+      The company said the start-up was necessitated by
+  continuing strong demand for aluminum and dwindling worldwide
+  inventories, and that the metal is needed to supply Reynolds'
+  various fabricating businesses.
+  
+
diff --git a/reuters/test/18932 b/reuters/test/18932
new file mode 100644
index 0000000000000000000000000000000000000000..b4b94f2341cf5b1b2145d0872acfebdc93796f11
--- /dev/null
+++ b/reuters/test/18932
@@ -0,0 +1,11 @@
+ALLEGHENY <ALGH.O> FORMING SUBSIDIARY
+  Allegheny and Western Energy Corp said
+  it was forming a subsidiary to market gas to smaller users in
+  West Virginia.
+      The company also said it completed negotiations to sell
+  between 10 and 12 mln cubic feet of gas per day to a large,
+  unspecified East Coast utility.
+      Interstate markets will become part of the subsidiary's
+  operations, the company said.
+  
+
diff --git a/reuters/test/18938 b/reuters/test/18938
new file mode 100644
index 0000000000000000000000000000000000000000..41e61e00902d0e897e0f8d445ca74c64bb76b1a8
--- /dev/null
+++ b/reuters/test/18938
@@ -0,0 +1,68 @@
+GILLETTE <GS> SEEN OBJECT OF GLOBAL BIDDING WAR
+  Ronald Perelman, head of Revlon Group
+  Inc <REV>, may be trying to ignite a bidding war for Gillette
+  Co that could draw some big international players and in the
+  process make a lot of money for himself, Wall Street analysts
+  said.
+      Several hours before a regularly scheduled board of
+  directors meeting, Gillette disclosed that Perelman requested
+  consent of its board for an offer of at least 40.50 dlrs per
+  share. Perelman needed the consent because he agreed in
+  November not to buy stock for 10 years without permission.
+      "I think Ronald Perelman is less interested in Gillette and
+  more interested in putting Gillette into play because he stands
+  to make a ton of money," said Andrew Shore, analyst at Shearson
+  Lehman Brothers Inc. "In play" is a term used on Wall Street to
+  describe what happens when a company becomes an unwiling
+  takeover target.
+      Shore noted that according to the 1986 agreement Revlon
+  gets paid if there is any acquisition of Gillette through
+  November of this year at a price higher than 29.75 dlrs per
+  share. Gillette rose three to 40 today, following a gain of
+  three yesterday.
+      The agreement would be calculated on the basis of
+  Perelman's previous holding of 18.4 mln shares, adjusted for a
+  split. For example, a deal between Gillette and some other
+  company at 44 dlrs per share would make Revlon richer by 262
+  mln dlrs under the formula. Neither Perelman nor his spokesmen
+  returned telephone calls seeking comment.
+      "Revlon stands to make a substantial amount of money if
+  someone else takes over Gillette," said Analyst Deepak Raj of
+  Merrill Lynch and Co. "I'm not saying that is going to happen
+  but Gillette is an undervalued stock with a breakup value of 45
+  dlrs per share."
+      Shore of Shearson Lehman said there are a couple of reasons
+  why Perelman may not be really interested in acquiring
+  Gillette. He said Perelman, in the process of taking Revlon
+  private after acquiring control of the cosmetics company two
+  years ago, probably wants to concentrate on improving Revlon's
+  operations. "He's trying to overhaul and improve the image of
+  the dearptment store business." Another reason is that Revlon
+  has recently made two other acquisitions.
+      Under those circumstances, Shore would not be surprised if
+  some company such as Unilever plc <UN.AS> or Procter and Gamble
+  Co <PG> decided to take a look at Gillette.
+      Shore mentioned half a dozen other potential buyers for
+  Gillette including Sir James Goldsmith, Hanson Trust plc <HAN>,
+  RJR Nabisco Inc <RJR>, American Brands Inc <AMB> and Ralston
+  Purina Co <RAL>.
+      "Perelman is trying to put the company in play," said a
+  Wall Street arbitrageur. "He gets to share in the upside if the
+  company is sold." Another arbitrageur said he expects Gillette
+  to resist Perelman's overture. "I can't see the board
+  consenting, what has changed between November and now," he
+  said.
+     
+      Another arbitrageur said he was not sure what was going on.
+  "Perelman never does anything without a fair amount of
+  calculation," he said. But he added, "The Gillette board has to
+  be careful. They just can't say no or they'll be sued by
+  shareholders." Gillette's board was still meeting at 1700 EDT,
+  three and one-half hours after the scheduled starting time.
+      According to a copy of Perelman's letter released by
+  Gillette, he would be prepared to sign a defnitive merger
+  agreement without any financing condition. He said Citibank
+  N.A. is his lead lender and First Boston Inc is his financial
+  adviser.
+  
+
diff --git a/reuters/test/18943 b/reuters/test/18943
new file mode 100644
index 0000000000000000000000000000000000000000..72b881f6f4b26986b43aed31a327f91d911e7a1b
--- /dev/null
+++ b/reuters/test/18943
@@ -0,0 +1,7 @@
+MINPECO LIFTS FORCE MAJEURE ON ZINC INGOT
+SHIPMENTS FROM CAJAMARQUILLA-SPOKESMAN
+
+  MINPECO LIFTS FORCE MAJEURE ON ZINC INGOT
+  SHIPMENTS FROM CAJAMARQUILLA-SPOKESMAN
+  
+
diff --git a/reuters/test/18944 b/reuters/test/18944
new file mode 100644
index 0000000000000000000000000000000000000000..f6a0a4263f1737bedfb9bd16e58b16bf6b1bb32e
--- /dev/null
+++ b/reuters/test/18944
@@ -0,0 +1,12 @@
+TRW INC <TRW> SETS PACT WITH TEKTRONIX <TEK>
+  TRW Inc's TRW Componenets
+  International Inc unit said it set a pact with Tektronix Inc's
+  TriQuint Semiconductor unit to jointly supply gallium arsenide
+  devices for space applications.
+      As part of the agreement, the two companyies are working
+  together to establish procedures to produce class "S" (a
+  stringent military specification for space use) gallium
+  arsenide components.
+      TriQuint makes gallilum arsenide integrated circuits.
+  
+
diff --git a/reuters/test/18945 b/reuters/test/18945
new file mode 100644
index 0000000000000000000000000000000000000000..1871470812213342606a941e724883113f4e84df
--- /dev/null
+++ b/reuters/test/18945
@@ -0,0 +1,17 @@
+FORCE MAJEURE LIFTED AT CAJAMARQUILLA
+  Peru's state minerals marketing arm, Minero
+  Peru Comercial SA (Minpeco), lifted a force majeure on zinc
+  ingot shipments from the country's biggest zinc refinery at
+  Cajamarquilla, a spokesman said.
+      The spokesman said the problems affecting sulphuric acid
+  and roaster plants that had halted production since May 4 had
+  been resolved.
+      However, he said production of zinc ingots this year was
+  expected to fall to around 86,000 tonnes this year at
+  Cajamarquilla, from 94,000 tonnes in 1986 because of the
+  stoppage.
+      The refinery has an optimum annual production capacity of
+  100,000 tonnes but its highest production was 96,000 tonnes of
+  refined zinc ingots in 1985, the spokesman said.
+  
+
diff --git a/reuters/test/18946 b/reuters/test/18946
new file mode 100644
index 0000000000000000000000000000000000000000..9ac0d9b599c456c6de19b6e3bd73060553f4cc87
--- /dev/null
+++ b/reuters/test/18946
@@ -0,0 +1,7 @@
+ASSETS OF U.S. MONEY FUNDS FELL 702.4 MLN DLRS IN LATEST
+WEEK TO 235.75 BILLION
+
+  ASSETS OF U.S. MONEY FUNDS FELL 702.4 MLN DLRS IN LATEST
+  WEEK TO 235.75 BILLION
+  
+
diff --git a/reuters/test/18951 b/reuters/test/18951
new file mode 100644
index 0000000000000000000000000000000000000000..af04d73905bd56dad76b5e8277f0c980db891b77
--- /dev/null
+++ b/reuters/test/18951
@@ -0,0 +1,10 @@
+USX <X> UNIT OFFERS STEEL PRICES DIRECTORY
+  USX Corp said its USS division has
+  available a comprehensive sheet steel selection and pricing
+  system detailing the company's full line of products.
+      The company said it was the first complete update in 25
+  years.
+      The new prices in the book are effective after Oct One,
+  1987, the company said.
+  
+
diff --git a/reuters/test/18952 b/reuters/test/18952
new file mode 100644
index 0000000000000000000000000000000000000000..b7ab035e105dd00460eeed207898828ccf545182
--- /dev/null
+++ b/reuters/test/18952
@@ -0,0 +1,7 @@
+INSPIRATION CUTS COPPER PRICE 0.50 CT TO 74 CTS
+  Inspiration Consolidated Copper Co, a
+  subsidiary of Inspiration Resources Corp, said it is lowering
+  its base price for full-plate copper cathodes by 0.50 cent to
+  74.0 cents a lb, effective immediately.
+  
+
diff --git a/reuters/test/18953 b/reuters/test/18953
new file mode 100644
index 0000000000000000000000000000000000000000..6b6669ebef5fc822a7d796f5c2740292bdf6784d
--- /dev/null
+++ b/reuters/test/18953
@@ -0,0 +1,6 @@
+<AGF MANAGEMENT LTD> SIX MTHS MAY 31 NET
+  Shr 58 cts vs 38 cts
+      Net 4,628,650 vs 3,041,407
+      Revs 45.0 mln vs 28.1 mln
+  
+
diff --git a/reuters/test/18954 b/reuters/test/18954
new file mode 100644
index 0000000000000000000000000000000000000000..01f8393c394501aeead8d5d2d0ae857e9e9d2a71
--- /dev/null
+++ b/reuters/test/18954
@@ -0,0 +1,10 @@
+CHINA ADDS CORN TO COMMITMENTS - USDA
+  China has added 30,000 tonnes of U.S.
+  corn to its previous commitments, according to the U.S.
+  Agriculture Department's latest Export Sales report.
+      The report, covering transactions in the week June 11, the
+  additional corn resulted from changes in destinations.
+      Total corn commitments for delivery in the 1986/87 season
+  amount to 1,083,400 tonnes.
+  
+
diff --git a/reuters/test/18955 b/reuters/test/18955
new file mode 100644
index 0000000000000000000000000000000000000000..212c2aa3c9526c6f609ade5c0739a035b1593a84
--- /dev/null
+++ b/reuters/test/18955
@@ -0,0 +1,13 @@
+DATA MED CLINICAL SUPPORT<DMCS.O> 1ST QTR LOSS
+  Period ended May 31
+      Shr loss five cts vs loss 11 cts
+      Net loss 306,007 vs loss 102,420
+      Sales 110,522 vs 10,105
+      NOTE: Full name is Data Med Clinical Support Services Inc
+      Per-share data adjusted for three-for-one stock split
+  payable June 30, 1987
+      The only sales reflected in fiscal 1987 period are sales
+  recorded subsequent to the May 22, 1986 acquisition of the
+  assets of a predecessor company by Data Med
+  
+
diff --git a/reuters/test/18959 b/reuters/test/18959
new file mode 100644
index 0000000000000000000000000000000000000000..099ba66141ed206ae33f855ae61385766d9d62a8
--- /dev/null
+++ b/reuters/test/18959
@@ -0,0 +1,7 @@
+NOVA CORP SAYS IT IS CONSIDERING A TAKEOVER BID FOR DOME
+PETROLEUM
+
+  NOVA CORP SAYS IT IS CONSIDERING A TAKEOVER BID FOR DOME
+  PETROLEUM
+  
+
diff --git a/reuters/test/18962 b/reuters/test/18962
new file mode 100644
index 0000000000000000000000000000000000000000..227067422c6a672b4fef5007fca3db1b29a4b24d
--- /dev/null
+++ b/reuters/test/18962
@@ -0,0 +1,14 @@
+CARTER HAWLEY <CHH> SETS RECORD DATE FOR VOTE
+  Carter Hawley Hale Stores Inc said
+  it has set June 29 as the record date for shareholders voting
+  on the company's proposed restructuring at its annual meeting.
+      The company has yet to set a date for the meeting, but has
+  said it will be held before the end of August.
+      Under the proposal, Carter Hawley would split into a
+  specialty store company and a department store company.
+      Shareholders would get 17-dlrs in cash and a share in each
+  of the two new companies for each existing common share they
+  hold. The restructuring was announced in December, after Carter
+  Hawley rejected a buy-out offer by Retail Partners.
+  
+
diff --git a/reuters/test/18963 b/reuters/test/18963
new file mode 100644
index 0000000000000000000000000000000000000000..1720f5a5f84c9e9d5c81fad72f8db1df447b7fdf
--- /dev/null
+++ b/reuters/test/18963
@@ -0,0 +1,13 @@
+ALLEGHENY <AI> SELLS THREE INDUSTRIAL UNITS
+  Allegheny International Inc said it
+  sold three of its industrial units which served the railroad
+  industry to <Chemetron Railway Products Inc>, a senior
+  management group of Allegheny.
+      Terms of the transaction were not disclosed.
+      Included in the sale were Chemetron Railway Products, True
+  Temper Railway Appliances Inc and Allegheny Axle Co, the
+  company said.
+      The three units include 12 plants throughout the U.S., the
+  company said.
+  
+
diff --git a/reuters/test/18973 b/reuters/test/18973
new file mode 100644
index 0000000000000000000000000000000000000000..0ac15e6a02d9f6484af70046d8f1f00e4223c31f
--- /dev/null
+++ b/reuters/test/18973
@@ -0,0 +1,50 @@
+SENATOR DEFENDS U.S. MANDATORY FARM CONTROL BILL
+  Sen. Tom Harkin, D-Iowa, defended his
+  controversial mandatory supply control farm bill and said U.S.
+  farmers should be allowed to vote in a referendum whether they
+  approve of the proposal.
+      The Harkin proposal would set loan rates of 5.17 dlrs per
+  bushel for wheat, 3.77 dlrs for corn and 9.32 dlrs for
+  soybeans, all to be put in effect under strict controls on
+  planted acreage reductions. Present loan rates are 2.28 dlrs
+  for wheat, 1.92 for corn, and effectively 4.56 for soybeans.
+      Also under the plan, the U.S. would seek a world market
+  sharing cartel with the European Community and other exporting
+  nations, to share-out export markets, Harkin said during the
+  first of several Senate Agriculture subcommittee hearings
+  examining farm programs.
+      Harkin made the following claims in testimony on his
+  "Family Farm Act."
+      -- The mandatory control bill would increase farm income
+  and reduce government spending on agriculture.
+      -- Harkin said his policy of high price supports would not
+  ruin U.S. agricultural exports as critics claim, but would
+  increase overall revenue from exports.
+      This would be done by seeking agreement among major
+  exporting countries including the European Community on market
+  sharing at agreed high prices.
+      Sen. Christopher Bond, R-Mo., countered during the hearing
+  that such a grain export cartel is not workable.
+      -- Harkin acknowledged that higher commodity price supports
+  would be passed onto consumers, but he said high food prices
+  stem more from "gouging" by food processing companies than from
+  high farm product prices.
+      Harkin cited what he termed "excessive" net returns on
+  equity over five years of 33.4 pct at Kellogg, 31.9 pct
+  Monfort, 22.8 pct Nabisco, 22.8 pct ConAgra, 21.2 pct H.J.
+  Heinz, 19.1 pct Ralston Purina, 17.2 pct Pillsbury and 16.7 pct
+  Quaker Oats.
+      -- Harkin said a "legitimate" concern about his bill would
+  be the impact of higher prices on livestock producers.
+      He said as a transition to the higher prices, he would
+  allow livestock producers to purchase Commodity Credit Corp.
+  grain stocks for three years.
+      Thereafter, livestock farmers would benefit from a
+  "predictable and stable" grain price, he said.
+      -- Harkin said that under his policy approach farm
+  participation would be no more "mandatory" than the current
+  farm program. He said farmers now must participate in farm
+  programs in order to receive credit for planting and to protect
+  farm income.
+  
+
diff --git a/reuters/test/18975 b/reuters/test/18975
new file mode 100644
index 0000000000000000000000000000000000000000..c4321f35bb6d834bd562e82378350d393a78bb15
--- /dev/null
+++ b/reuters/test/18975
@@ -0,0 +1,21 @@
+NOVA <NVAA.TO> CONSIDERING BID FOR DOME <DMP>
+  Nova Corp is considering a
+  takeover bid for Dome Petroleum Ltd, either alone or as part of
+  a consortium, Nova chairman Bob Blair said.
+      "We are thinking about making an offer to Dome or Amoco
+  (Canada Petroleum Co Ltd) or the creditors," Blair told
+  reporters before the annual meeting. Amoco Canada is a unit of
+  Amoco Corp <AN>, which has made a 5.2 billion-dlr acquisition
+  offer for Dome.
+      "There is ongoing, serious thought applied to Dome in Nova
+  and in Husky, but no decision of substance as to future action
+  has been taken in either company," Blair said. Nova owns 43 pct
+  of Husky Oil Ltd <HYO.TO>.
+      Blair also said that Nova has made no decision as to
+  whether it would want to be lead partner in a joint purchase of
+  Dome.
+      He added that some of the discussions with other parties
+  about Dome included TransCanada PipeLines Ltd <TRP>, but
+  refused to name the other participants.
+  
+
diff --git a/reuters/test/18985 b/reuters/test/18985
new file mode 100644
index 0000000000000000000000000000000000000000..261086a422712670ef9b5bdebef45a6d3c7af08e
--- /dev/null
+++ b/reuters/test/18985
@@ -0,0 +1,38 @@
+OECD SEES GERMAN GROWTH HIT BY LOW DOMESTIC DEMAND
+  West German economic growth will slow to
+  1.5 pct this year from 2.4 pct in 1986 due to weak domestic
+  demand and tougher competition from abroad, the Organisation
+  for Economic Cooperation and Development (OECD) said in its
+  semi-annual review of the world economy.
+      This view is less favourable than the West German
+  government's forecast of a growth rate of under two pct this
+  year, but is in line with forecasts by independent economic
+  institutes of growth ranging from 1.5 to two pct.
+      The OECD said that the economy should pick up next year,
+  with the gross national product rising by two pct in real
+  terms.
+      The OECD said it assumed the German economy was passing
+  through a period of temporary weakness and there would be some
+  recovery in business confidence in the near future.
+      But it warned that the key to an improvement in the economy
+  was higher domestic demand, which is only forecast to rise by
+  2.5 pct this year and 2.75 pct in 1988, below 1986's 3.7 pct.
+      While noting that the government is bringing forward a five
+  billion mark tax reform to January 1988, the OECD said that "the
+  medium to longer-term performance of the West German economy
+  could be improved by reduction of subsidies - which would allow
+  relatively lower tax rates."
+      Since the OECD report was compiled, the West German Federal
+  Statistics Office has released figures showing that the GNP
+  actually fell 0.5 pct in real terms in the first quarter of
+  this year compared with the final three months of 1986.
+      Diplomatic sources here said that West Germany appeared
+  likely to finish the year with the lowest growth rate of any of
+  the Group of Seven leading industrial nations.
+      West Germany's current account surplus, the target of
+  considerable criticism by the Reagan administration, is
+  expected to rise slightly to 37 billion dlrs this year from
+  35.8 billion in 1986, before declining to 29 billion dlrs in
+  1988.
+  
+
diff --git a/reuters/test/18986 b/reuters/test/18986
new file mode 100644
index 0000000000000000000000000000000000000000..e25ccab73a33a54f78d567f44835a9bc83b3ca90
--- /dev/null
+++ b/reuters/test/18986
@@ -0,0 +1,10 @@
+INVESTMENT FIRM RAISES TVX <TVXG.O> STAKE
+  WEDGE Group Inc, a Houston investment
+  firm, said it raised its stake in TVX Broadcast Group Inc to
+  682,419 shares, or 15.1 pct of the total outstanding common
+  stock, from 559,219 shares, or 12.4 pct.
+      In a filing with the Securities and Exchange Commission,
+  WEDGE said it bought 123,200 TVX common shares at prices
+  ranging from 8.00 to 10.625 dlrs a share.
+  
+
diff --git a/reuters/test/18987 b/reuters/test/18987
new file mode 100644
index 0000000000000000000000000000000000000000..4fbd158485dd87fe35d6665d3218985ea5e98104
--- /dev/null
+++ b/reuters/test/18987
@@ -0,0 +1,25 @@
+HIGHER GROWTH, UNEMPLOYMENT IN FRANCE, OECD SAYS
+  France's growth rate is expected to
+  strengthen in the second half of this year after a poor first
+  half, but unemployment will worsen, the Organisation for
+  Economic Cooperation and Development (OECD) said.
+      In its semi-annual review of the world economy, the OECD
+  forecast that growth in the French Gross Domestic Product (GDP)
+  would run at about two pct in the next six months. It said the
+  rate would be in line with the 1986 trends, but significantly
+  higher than in the first half of this year.
+      The OECD said France's economic situation has deteriorated
+  somewhat during the early months of 1987. 
+      Activity has slowed, primarily reflecting an inventory
+  adjustment, while unemployment has risen rapidly and inflation
+  has reaccelerated, the OECD said. Unemployment is likely to
+  reach 12 pct of the workforce by the end of 1988.
+      The report said inflation should slow and domestic demand
+  pick up in the second half of this year. But both data are
+  likely to be worse than those recorded in 1986, it added.
+      The OECD forecast a 2.75 pct rise in consumer prices for
+  the second half of this year, a one pct drop from the first six
+  months. The slowdown would bring the inflation rate to 3.25 pct
+  for the whole year, sharply up from last year's 2.2 pct.
+  
+
diff --git a/reuters/test/18988 b/reuters/test/18988
new file mode 100644
index 0000000000000000000000000000000000000000..31990bd3e3e52ea856607f3fe252b9002f26a867
--- /dev/null
+++ b/reuters/test/18988
@@ -0,0 +1,10 @@
+GROUP RAISES NASH FINCH <NAFC.O> STAKE
+  A group including members of the
+  Sobey family of Nova Scotia and Empire Company Ltd, said it
+  raised its stake in Nash Finch Co to 442,498 shares, or 8.6 pct
+  of the total outstanding, from 374,498 shares, or 7.3 pct.
+      In a filing with the Securities and Exchange Commission,
+  the group said it bought 68,000 Nash Finch common shares
+  between April 7 and June 17.
+  
+
diff --git a/reuters/test/18990 b/reuters/test/18990
new file mode 100644
index 0000000000000000000000000000000000000000..6e87c38ab5354c7a81babbe82e1fb71573ae9187
--- /dev/null
+++ b/reuters/test/18990
@@ -0,0 +1,26 @@
+ITALIAN ECONOMIC OUTLOOK LESS BRIGHT, OECD SAYS
+  Italy's economic outlook for 1987 and 1988
+  is likely to be less favourable than last year with slightly
+  lower growth, higher unemployment and an increased trade
+  deficit, the Organisation for Economic Cooperation and
+  Development (OECD) said.
+      But the OECD, in its half-yearly report, forecast a
+  slightly lower inflation rate over the next two years. Last
+  year Italy ranked as one of the OECD's fastest growing
+  economies with Gross Domestic Product (GDP) growth at 2.7 pct.
+      The OECD said Italy's GDP may grow by three pct in 1987,
+  but will then fall back to 2.5 pct in 1988.
+      The inflation rate will probably stabilise at around five
+  pct during the projection period as a result of a turnaround in
+  import prices, particularly oil, an acceleration in labour
+  costs and the effects of domestic demand pressure, the report
+  said.
+      This year, and to a lesser degree in 1988, domestic demand
+  should be stimulated by buoyant growth in household consumption
+  made possible by wage increases following pay negotiations.
+      Domestic demand pressure, coupled with the deterioration in
+  Italian competitiveness, is likely to stimulate imports and
+  adversely affect exports in 1987 and 1988. This could result in
+  a sharp negative contribution to the currrent account.
+  
+
diff --git a/reuters/test/18991 b/reuters/test/18991
new file mode 100644
index 0000000000000000000000000000000000000000..f187c95ab26777d6c1ffc546770fefe7d16c68c1
--- /dev/null
+++ b/reuters/test/18991
@@ -0,0 +1,37 @@
+JAPAN TRADE SURPLUS WILL GROW AGAIN IN 1987, OECD
+  Japan's trade surplus is likely to
+  continue to grow in 1987, as sales of Japanese goods abroad
+  increase while domestic demand remains sluggish, the
+  Organization for Economic Cooperation and Development (OECD)
+  said.
+      In its latest half-yearly review of the world economy, the
+  OECD said Japan managed to considerably reduce its surplus last
+  year, when domestic demand grew by four pct in 1986 while
+  export markets rose by only two pct.
+      But it said this differential between the growth of
+  domestic and foreign demand would reverse in 1987 and 1988,
+  "thus weakening the international adjustment process."
+      It forecast a slowing in domestic growth to little over two
+  pct but with a rise in exports of 3.3 pct in 1987 and 3.6 pct
+  in 1988. As a result, the current account surplus in 1987 will
+  rise to 95 billion dlrs from 86 billion in 1986, although in
+  1988 it should fall back to 87 billion dlrs.
+      The OECD outlook did not take account of the 6,000 billion
+  yen package announced last month to stimulate domestic demand
+  and increase imports to Japan. However, OECD officials said the
+  measures will significantly strengthen domestic demand, quite
+  possibly exceeding one pct GNP when the full effects have
+  worked through, and thus will provide some stimulus to imports.
+      The OECD outlook said, "Continued large current account
+  surpluses and the further build-up of an already-substantial
+  net external asset position could well lead to upward pressure
+  on the yen." It said that further appreciation could then lead
+  manufacturers to postpone their investment plans and thus
+  weaken domestic growth.
+      The OECD said Japan's Gross National Product was likely to
+  gorw an annual two pct in 1987 and 1988, below 1986's 2.5 pct
+  growth. But it said Japan would continue its good performance
+  on inflation, with a zero figure expected in 1987 compared to a
+  0.6 pct rise in consumer prices last year.
+  
+
diff --git a/reuters/test/18992 b/reuters/test/18992
new file mode 100644
index 0000000000000000000000000000000000000000..dcc6800dce7d4d00067909c363898a1c165a646d
--- /dev/null
+++ b/reuters/test/18992
@@ -0,0 +1,40 @@
+U.S.-CANADA TIES SEEN WORSE WITHOUT TRADE PACT
+  U.S.-Canadian ties could worsen if
+  the two nations are unable to reach a free trade pact,
+  according to a study published by two nonpartisan public policy
+  research groups.
+      The Cato Institute of Washington and the Fraser Institute
+  of Vancouver said removing the remaining tariffs on cross
+  border trade would benefit both countries.
+      But Cato chairman William Niskanen added "the two nations'
+  generally harmonious trade relations are probably not
+  sustainable without a new agreement."
+      The United States and Canada, whose cross-border trade
+  totaled about 125 billion dlrs last year, have been holding
+  talks since last June on a pact to end the few trade barriers
+  remaining between their two countries.
+      The U.S. put a deadline on the talks of October 1, but both
+  sides have said an agreement is likely despite tough bargaining
+  remained.
+      Niskanen said if no pact is reached, bilateral trade ties
+  could deteriorate because of Congressional pressure on
+  President Reagan to implement trade laws more aggressively, and
+  this could hit some Canadian trade practices.
+      He noted Canada is seeking foreign investment in its auto
+  industry, which could put strains on the considerable bilateral
+  free trade in U.S. and Canadian autos and parts.
+      Niskanen also said the Canadian government is vulnerable to
+  a resurgence of economic nationalism which could restrict U.S.
+  exports to Canada.
+      A free trade pact, backed by President Reagan and Prime
+  Minister Brian Mulroney, would open new markets for Canada and
+  enable its industries to achieve economies of scale, which
+  would also help it widen exports worldwide, he said.
+      It would also increase the gross national products of both
+  countries.
+      Niskanen said the goal of a pact should be to end all
+  tariffs within 10 years, lower subsidies on exports, set rules
+  for trade in services and investments, end curbs on government
+  procurement and agree ways to resolve trade disputes.
+  
+
diff --git a/reuters/test/18993 b/reuters/test/18993
new file mode 100644
index 0000000000000000000000000000000000000000..a3981797faa99331ed6fd18c5b23a3b7d02f881a
--- /dev/null
+++ b/reuters/test/18993
@@ -0,0 +1,26 @@
+ECONOMIC GROWTH SEEN SLUGGISH IN BENELUX COUNTRIES
+  Economic growth will remain sluggish in
+  the Netherlands and Belgium next year and unemployment may
+  rise, the Organisation for Economic Cooperation and Development
+  forecast.
+      Belgium's GDP growth may slow down to 1.5 pct this year and
+  next year, bringing a rise in the number of jobless, the OECD
+  said in its semi-annual survey. Belgian inflation could
+  stabilise at 1.5 to 2.0 pct, while the current account surplus
+  will probably remain large at about three pct of GDP.
+      While the Belgian government has made progress in trimming
+  its borrowing requirement, "it will probably be insufficient to
+  check the self-sustaining nature of the deficit," the OECD said.
+      In the Netherlands real GDP growth will also slip to 1.5
+  pct this year and one pct in 1988, with Dutch exports becoming
+  less competitive and imports rising. "Employment is forecast to
+  decelerate as well, reflecting more sluggish growth in the
+  private sector and budgetary cuts," the report said.
+      Dutch consumer prices are set to fall by 0.5 pct in 1987
+  and stay stable in 1988, partly as a result of declining
+  domestic gas prices.
+      Luxembourg's economy, by contrast, will see slightly faster
+  growth in GDP this year as a result of an upward movement in
+  wages. But real growth in consumption will ease next year.
+  
+
diff --git a/reuters/test/18994 b/reuters/test/18994
new file mode 100644
index 0000000000000000000000000000000000000000..489664f9178170ac93a4e23c6857a67a89aa4421
--- /dev/null
+++ b/reuters/test/18994
@@ -0,0 +1,26 @@
+SOUTHERN EUROPE HAS STRONG DOMESTIC DEMAND GROWTH
+  Strong growth in domestic demand was a key
+  feature of the economies of southern European countries in
+  1986, though the growth is seen slowing this year and next, the
+  Organisation for Economic Cooperation and Development said.
+      In its semi-annual report, the OECD said Portugal's total
+  domestic demand growth would decline from 7.6 pct last year to
+  five pct in 1987 and 3.75 pct in 1988 as slower wage growth
+  restrained private consumption.
+      Turkey's economy grew much faster than expected in 1986 and
+  domestic demand surged 10.5 pct, but this growth was expected
+  to be halved to five pct next year.
+      In Spain, buoyant domestic demand, led by fixed investment,
+  had been the driving force behind rapid growth in Gross
+  Domestic Product. Both fixed investment and private consumption
+  were expected to ease during 1988 but would still remain
+  strong.
+      The OECD forecast that Spanish imports would rise sharply
+  next year, reflecting strong demand, entry to the European
+  Community and declining competitiveness.
+      In Greece, inflation was forecast to turn downwards
+  following an increase early this year linked with the
+  introduction of Value Added Tax and a surge in food prices due
+  to cold weather.
+  
+
diff --git a/reuters/test/18995 b/reuters/test/18995
new file mode 100644
index 0000000000000000000000000000000000000000..4e1e3452480c952f8aab28287fdf827e43c93bdf
--- /dev/null
+++ b/reuters/test/18995
@@ -0,0 +1,27 @@
+OECD SAYS HIGH WAGE DEALS HARMING NORDIC STATES
+  High wage settlements in Nordic countries
+  threaten to cut exports and reduce the international
+  competitiveness of their industries, the Organisation for
+  Economic Cooperation and Development (OECD) said.
+      In Denmark, the OECD said wage settlements concluded in
+  early 1987 were likely to contribute to a marked deterioration
+  in competitiveness. Sweden's competitive position was also seen
+  at risk from accelerating wages.
+      The OECD predicted that domestic demand would come under
+  pressure from tight fiscal policy in Denmark, as well as
+  Norway, Sweden and Finland.
+      Overall economic growth will vary in the different
+  countries between 1986 and 1988, the OECD semi-annual report
+  said.
+      After a strong rise of 7.8 pct in 1986, total domestic
+  demand in Norway was seen falling by 1.5 pct in 1987 and one
+  pct the following year. Denmark was also expected to see a
+  slump in domestic demand. The report said growth in Gross
+  Domestic Product (GDP) was likely to speed up slightly in
+  Sweden and Finland in 1987 and 1988, while declining in Denmark
+  and Norway.
+      Iceland needs to try harder to implement its new economic
+  strategy if any more progress is to be made towards sustained
+  and balanced non-inflationary growth, the OECD said.
+  
+
diff --git a/reuters/test/18996 b/reuters/test/18996
new file mode 100644
index 0000000000000000000000000000000000000000..37e8bb927ff248e70bb75057b93d2fb8118cc657
--- /dev/null
+++ b/reuters/test/18996
@@ -0,0 +1,46 @@
+OECD URGES ACTION TO CUT U.S. BUDGET DEFICIT
+  The United States should take urgent
+  action to cut its crippling budget deficit, including possible
+  reductions in non-defense spending, higher taxes and curbs on
+  growth of the defense budget, the Organization for Economic
+  Cooperation and Development said.
+      The OECD, in its semi-annual review of the world economy,
+  said a failure of the Reagan Administration and Congress
+  quickly to agree on measures to cut the deficit "could seriously
+  affect confidence, both in the United States and elsewhere."
+      It predicted that the federal deficit in fiscal 1987,
+  running until September 30 this year, would substantially
+  overshoot both the Balanced Budget Act's target of 144 billion
+  dlrs and official U.S. Estimates in February of 175 billion.
+      "The OECD projection, which is based on assumptions of
+  slower growth, higher interest rates and actual data for the
+  first half of the financial year, is for a deficit of about 190
+  billion dollars," it said.
+      While this would be 30 billion lower than last year's
+  deficit, much of the improvement would be due to corporate tax
+  increases being introduced before income tax cuts take effect.
+      The U.S. Economic growth rate is expected to edge up to
+  2.75 pct next year from 2.5 pct this year and last.
+      In contrast to the last two years, more competitive exports
+  boosted by the fall in the dollar should help GNP growth.
+      Unemployment should continue to fall slowly as the service
+  sector continues to create jobs. But inflation appears to be
+  heading higher, partly due to the lower dollar, with consumer
+  prices forecast to rise four pct this year and 4.5 pct next
+  year after just 2.1 pct in 1986.
+      "Monetary and fiscal policy appear to be the key factors
+  behind the avoidance of recession," the report said.
+      The current account balance of payments deficit is expected
+  to be still around a high 125 billion dlrs next year, after
+  hitting a projected record 147.25 billion this year, it said.
+      In Canada economic growth is expected to pick up slightly
+  to around 2.75 pct in 1988 from 2.5 pct this year, but will
+  still be below levels seen in recent years. Inflation is
+  expected to slow to 3.5 pct next year from 3.75 pct this year,
+  unemployment should edge down to nine pct in 1988 from 9.25 pct
+  this year.
+      Canada's current account deficit is projected to shrink to
+  around four billion U.S. Dlrs this year and to remain at about
+  that level in 1988.
+  
+
diff --git a/reuters/test/18997 b/reuters/test/18997
new file mode 100644
index 0000000000000000000000000000000000000000..71e35cf428264bd0c70dad1ee51a8c450a1657e3
--- /dev/null
+++ b/reuters/test/18997
@@ -0,0 +1,8 @@
+MARK'S WORK WEARHOUSE <(MWW.TO> 1ST QTR LOSS
+  Period ended May 2
+      Shr loss four cts vs loss three cts
+      Net loss 397,000 vs loss 330,000
+      Revs 32.1 mln vs 30.4 mln
+      Note: Full name Mark's Work Wearhouse Ltd.
+  
+
diff --git a/reuters/test/19000 b/reuters/test/19000
new file mode 100644
index 0000000000000000000000000000000000000000..0c2e0c17d2f350ca88a394b345d0a4231bf746d8
--- /dev/null
+++ b/reuters/test/19000
@@ -0,0 +1,59 @@
+JOINT ACTION SAID VITAL TO BOOST WORLD GROWTH
+  Prospects for world economic growth remain
+  very sluggish, and coordinated action by western governments is
+  urgently needed to restore business confidence, stabilize
+  currencies and encourage investment, the Organization for
+  Economic Cooperation and Development (OECD) said here.
+      "The economic situation has deteriorated in recent months,
+  and ... Slow growth, high unemployment and large payments
+  imbalances are likely to persist," it said in one of its
+  gloomiest reviews of the world economy in recent years.
+      The gross national product (GNP) of the 24-nation bloc of
+  western industrialised countries is forecast to grow by only
+  2.25 pct both this year and next, even slower than last year's
+  2.5 pct growth rate.
+      "We would like to see the aggregate for the OECD area
+  comfortably exceeding three pct," David Henderson, head of the
+  OECD's economics and statistics department, said.
+      The OECD said that the dollar fall had led to rising
+  inflation expectations and higher interest rates in the U.S.,
+  Combining with world trade imbalances and the huge third world
+  debt problem to increase the risks of a world economic
+  downturn.
+      "At the same time, many of the conditions for faster growth
+  remain favorable," it said, citing low inflation in most major
+  countries, healthy corporate finances, generally lower interest
+  rates, improvements in state budget positions and more flexible
+  labor markets.
+      But private sector confidence had been undermined by
+  uncertainties over exchange rates, it said, and warned that "for
+  confidence to be restored, it is important for governments
+  swiftly to implement internationally-agreed commitments."
+      This was a clear reference to last February's Louvre accord
+  of the Group of Five nations plus Canada, analysts said.
+      The OECD said that apparent disagreements among major
+  countries on implementation of the Louvre accord had helped to
+  undermine business confidence, and called on more active fiscal
+  policies from the U.S., West Germany and Japan to slow demand
+  in the U.S. And raise it in the other two countries.
+      Henderson said the 6,000 billion yen package announced
+  recently by the Japanese government to encourage public works
+  and cut taxes would make a significant contribution to this
+  process, though it was too early to estimate its precise
+  impact.
+      He said the measures will help strengthen Japan's domestic
+  demand significantly, quite possibly exceeding one pct of GNP.
+      The inflation outlook, while broadly satisfactory, has
+  worsened in recent months, with OECD consumer prices forecast
+  to rise 3.5 pct this year and 3.75 pct in 1988 after a 2.8 pct
+  increase in 1986.
+      There is no prospect for any significant improvement in the
+  unemployment situation over the next 18 months, with the
+  average rate expected to stabilize at 8.25 pct, similar to last
+  year.
+      The OECD called for efforts to liberalize world
+  agricultural markets through switching farm subsidies away from
+  price guarantees and other measures linked to production
+  towards direct income support for farmers.
+  
+
diff --git a/reuters/test/19004 b/reuters/test/19004
new file mode 100644
index 0000000000000000000000000000000000000000..a49aca7363aca0e4c8d2912b5eee58d7fdf08a9a
--- /dev/null
+++ b/reuters/test/19004
@@ -0,0 +1,5 @@
+ OECD SEES 1.5 PCT WEST GERMAN REAL GNP GROWTH IN 1987
+
+   OECD SEES 1.5 PCT WEST GERMAN REAL GNP GROWTH IN 1987
+  
+
diff --git a/reuters/test/19005 b/reuters/test/19005
new file mode 100644
index 0000000000000000000000000000000000000000..ac84b3a2d25e74362cfcd71ee77e82ce5f8e9664
--- /dev/null
+++ b/reuters/test/19005
@@ -0,0 +1,25 @@
+AUSTRALIA SET TO GROW, BUT UNEMPLOYMENT MAY RISE
+  Australia's economy should manage modest
+  growth over the next two years after a sharp slowdown but
+  unemployment could still edge upwards, the Organisation for
+  Economic Cooperation and Development (OECD) said.
+      The organisation's latest half-yearly report says Gross
+  Domestic Product will grow by 2.5 pct this year and by 2.75 pct
+  in 1988 compared with only 1.4 pct in 1986. The growth will be
+  helped by higher stockbuilding and stronger domestic demand
+  following tax cuts and higher real wages, it added.
+      The report forecasts a decline in inflation, with consumer
+  prices increasing by 8.5 pct this year and 6.25 pct in 1988.
+      The current account deficit shows signs of easing slightly
+  and could narrow to 12 billion dlrs by the end of 1988.
+      While predicting slightly stronger growth than last year,
+  however, the report revises downwards the OECD's earlier growth
+  forecast for 1987 of 3.75 pct.
+      The OECD predicts a similar combination of modest economic
+  growth and rising unemployment for New Zealand, which is
+  struggling to recover from a major economic crisis.
+      The country's GDP, which contracted by 0.6 pct last year,
+  should again show growth over the next two years, rising by
+  0.25 pct this year and a more substantial 2.75 pct in 1988.
+  
+
diff --git a/reuters/test/19006 b/reuters/test/19006
new file mode 100644
index 0000000000000000000000000000000000000000..51cdee82afd6dc822b14c40b9f71f12f2a702655
--- /dev/null
+++ b/reuters/test/19006
@@ -0,0 +1,59 @@
+SQUIBB <SQB> SAID NOT INTERESTED IN BUYING CETUS
+  Robert Fildes, president and chief
+  executive of Cetus Corp <CTUS.O>, told Reuters that Squibb Corp
+  is not interested in buying Cetus.
+      Earlier the companies said Squibb would buy from Cetus a
+  five pct equity postion in Cetus for about 40 mln dlrs.
+      "This is not an attempt by Squibb to become a major
+  majority holder in Cetus," Fildes told Reuters in an interview.
+  "Squibb has not approached us with any indication that they
+  want to acquire us and we wouldn't be interested in that kind
+  of arrangement," said Fildes.
+      Squibb could not be reached to comment on the late comments
+  by Fildes.
+      Squibb is Cetus' first pharmaceutical partner and the only
+  one to own an equity position in Cetus. Eastman Kodak Co <EK>
+  and W.R. Grace <WR> both have joint ventures with Cetus, but
+  neither owns an equity position in the company, said Fildes.
+      Cetus has a venture with Kodak to develp diagnostic
+  products and with Grace to develop agricultural products.
+      Earlier, Squibb and Cetus announced in a joint statement 
+  an agreement in principle to form a joint venture to develop
+  new biotechnology products in several fields.
+     
+      As part of the deal Squibb will license several of Cetus'
+  anticancer agents, including interleukin-2, in development.
+  Squibb will sell the drugs only in Japan and other markets but
+  not in North American and Western Europe.
+      "We wouldn't have done this deal had it not been understood
+  that Cetus wants to build its own fully integrated business in
+  North America and Europe," said Fildes.
+      He said Squibb was the good partner because Squibb has a
+  major joint venture in Japan and has sales capabilities of its
+  own in that market.
+     
+      Fildes said Cetus has shunned licensing arrangements with
+  pharmaceutical companies because it wanted to build its own
+  business. Many large corporations have invested in small
+  biotech firms.
+      But Squibb's investment in Cetus is the first it has made
+  in biotechnology. Fildes said that was attractive to Cetus
+  because it wanted a partner that didn't have a relationship
+  with a large number of other biotechnology companies."
+     
+      Fildes said his strategy was to have partners in non drug
+  areas like diagnostics and agriculture, but to "keep the
+  biggest developments in anticancer drugs to ourselves."
+      Fildes said the partnership with Squibb would be used to
+  broaden the company's reach in such big money making areas
+  as the cardiovascular, anti-infective and the anti-inflammatory
+  markets.
+      Squibb is also investming 75 mln dlrs in Cetus' research
+  over the next five years.
+     
+      "Squibb is putting up over 75 mln dlrs in research and
+  development to make it happen, while the equity position part
+  of the package is simply to demonstrate the seriousness of this
+  partnership," said Fildes.
+  
+
diff --git a/reuters/test/19009 b/reuters/test/19009
new file mode 100644
index 0000000000000000000000000000000000000000..4542e4173cb156acd162ff806e59fa316ca0f70e
--- /dev/null
+++ b/reuters/test/19009
@@ -0,0 +1,13 @@
+TRI-STAR PICTURES INC <TRSP.O> 1ST QTR MAY 31
+  Shr four cts vs four cts
+      Net 1,180,000 vs 902,000
+      Revs 146.9 mln vs 37.0 mln
+      Avg shrs 33 mln vs 23.9 mln
+      NOTE: Company changed its fiscal year from December 31 to
+  the last day of February, thus results of operations for the
+  year-ago period have been restated to reflect this change.
+      Current first quarter includes results of operations of
+  Loews Theatre Management Corp which Tri-Star acquired December
+  31.
+  
+
diff --git a/reuters/test/19017 b/reuters/test/19017
new file mode 100644
index 0000000000000000000000000000000000000000..186413dac5d62e325f5080a7391893b23e596847
--- /dev/null
+++ b/reuters/test/19017
@@ -0,0 +1,32 @@
+FALL IN CANADIAN BUDGET DEFICIT TO SLOW
+  Finance Minister Michael Wilson said tax
+  reform will not affect his determination to reign in
+  expenditures, but his forecasts show a slowing of the decline
+  in the budget deficit in the late 1980s.
+      "Responsible tax reform must be fiscally responsible,"
+  Wilson said in a speech prepared for the House of Commons.
+      Wilson estimated the deficit will fall to 29.3 billion dlrs
+  in the year ending March 31, 1988, the same level as he
+  forecast in the February budget.
+      And in the year ended this past March, the deficit was
+  expected to have been one billion dlrs lower than the 32
+  billion dlr shortfall originally forecast, Wilson said.
+      Wilson said in the current 1988 fiscal year
+  higher-than-anticipated spending, particularly in farm income
+  support programs, will be offset by higher-than-anticipated
+  revenues.
+      But finance department documents show the pace of deficit
+  reduction was expected to slow temporarily in fiscal 1989 and
+  1990 as a result of lower oil and grain prices and the
+  transition to the reformed taxation system.
+      The deficit is expected to total 28.9 billion dlrs in
+  fiscal 1989 and 28.6 billion dlrs in 1989 and then fall to 26.1
+  billion dlrs in 1991.
+      Wilson was optimistic about the outlook for the Canadian
+  economy, forcasting gross domestic product would expand 2.8 pct
+  this year and 3.0 pct in 1988. In 1986 the economy grew by an
+  actual 3.1 pct.
+      Inflation, meanwhile, is expected to stabilize at around
+  the current four pct level over the next two years.
+  
+
diff --git a/reuters/test/19020 b/reuters/test/19020
new file mode 100644
index 0000000000000000000000000000000000000000..847fa26835e45f1985549f6b95f328ae1d7b20a0
--- /dev/null
+++ b/reuters/test/19020
@@ -0,0 +1,7 @@
+ANZ BANKING GROUP SAYS IT WILL CUT PRIME RATE TO 16.00
+PCT FROM 16.50 ON JUNE 22
+
+  ANZ BANKING GROUP SAYS IT WILL CUT PRIME RATE TO 16.00
+  PCT FROM 16.50 ON JUNE 22
+  
+
diff --git a/reuters/test/19021 b/reuters/test/19021
new file mode 100644
index 0000000000000000000000000000000000000000..a74221bfe2e6d5a3a8fe5e44e9bb7b07935bd818
--- /dev/null
+++ b/reuters/test/19021
@@ -0,0 +1,7 @@
+Japan still asking institutions to limit speculative dlr
+deals - Miyazawa
+
+  Japan still asking institutions to limit speculative dlr
+  deals - Miyazawa
+  
+
diff --git a/reuters/test/19022 b/reuters/test/19022
new file mode 100644
index 0000000000000000000000000000000000000000..82475c9f035928ac672512836afb9d2808e116d5
--- /dev/null
+++ b/reuters/test/19022
@@ -0,0 +1,13 @@
+ANZ BANKING GROUP CUTS PRIME RATE TO 16.00 PCT
+  The Australia and New Zealand Banking
+  Group Ltd <ANZA.S> said it will cut its prime rate to 16.00 pct
+  from 16.50, effective June 22.
+      The cut takes the ANZ's prime to the lower end of the range
+  of prime rates being offered by Australian trading banks. The
+  highest rate is 17.50 pct.
+      The cut follows announcements of cuts yesterday by
+  <Citibank Ltd> to 16.00 pct from 16.5, effective today, and
+  <Commonwealth Bank of Australia> to 15.75 pct from 16.25,
+  effective June 24.
+  
+
diff --git a/reuters/test/19023 b/reuters/test/19023
new file mode 100644
index 0000000000000000000000000000000000000000..509205ecaec9dc452a38db86dd0a9d2667b41cfc
--- /dev/null
+++ b/reuters/test/19023
@@ -0,0 +1,10 @@
+JAPAN STILL WANTS SPECULATIVE DLR DEALS LIMITED
+  The Finance Ministry is still asking
+  financial institutions to limit speculative dollar dealings,
+  Finance Minister Kiichi Miyazawa told reporters.
+      He was responding to rumours in the New York currency
+  market overnight that the Ministry was reducing its pressure on
+  institutions to refrain from excessively speculative dollar
+  dealings.
+  
+
diff --git a/reuters/test/19028 b/reuters/test/19028
new file mode 100644
index 0000000000000000000000000000000000000000..cbf1482caf3b144343bbcccc02f065f8217e0ee8
--- /dev/null
+++ b/reuters/test/19028
@@ -0,0 +1,66 @@
+FED DATA SUGGEST NO CHANGE IN MONETARY POLICY
+  New U.S. Banking data suggest the
+  Federal Reserve is guiding monetary policy along a steady path
+  and is not signalling any imminent change of course, economists
+  said.
+      But they also said that if money supply growth remains
+  weak, as this week's unexpected eight billion dlr M-1 decline
+  suggests it may, this could influence the Fed to loosen its
+  credit reins and move toward a more accommodative monetary
+  policy.
+      A Reuter survey of 17 money market economists produced a
+  forecast of a 600 mln dlr M-1 decline for the week ended June
+  8, with estimates ranging from a gain of one billion dlrs to a
+  decline of four billion. Instead, M-1 fell eight billion dlrs
+  to 745.7 billion dlrs at a seasonally adjusted annual rate.
+      Coming on the heels of a 4.3 billion decrease in M-1 for
+  the week ended June 1, this means the nation's money supply has
+  fallen more than 12 billion dlrs in the past two weeks,
+  economists said.
+      "M-1 has hit an air pocket of weakness," said Bill Sullivan
+  of Dean Witter Reynolds Inc.
+      While M-1 may have lost its significance as an indicator of
+  economic growth, Sullivan said Fed officials might be concerned
+  the latest drop in M-1 means another month of sluggish growth
+  in the broader monetary aggregates, M-2 and M-3, which are seen
+  as better gauges of economic growth.
+      Latest monthly M-2 and M-3 data showed that as of May, both
+  measures were growing at rates below the bottom of the Fed's
+  5-1/2 to 8-1/2 pct target ranges.
+      If money growth does not accelerate, Fed officials,
+  concerned that this indicates economic growth is flagging,
+  could turn toward easier monetary policy, economists said.
+      "Does this mean that the Fed abandons its current open
+  market position? No," Sullivan said. "But does this mean the end
+  of tightening for the time being? Definitely yes."
+      Economists said average adjusted discount window borrowings
+  of 385 mln dlrs for the latest two-week bank statement period
+  were lower than they had expected. Most believed the Fed had
+  targetted a two-week borrowings average of around 500 mln dlrs.
+      But they said that if it had not been for a large one-day
+  net miss in the Fed's reserve projections, the higher
+  borrowings target would probably have been reached.
+      A drop in May U.S. Housing starts and continued weakness in
+  auto sales show key sectors of the U.S. Economy are lagging,
+  while a recent modest 0.3 pct gain in May producer prices has
+  helped dispel inflation fears, Slifer said.
+      "If this continues, we can entertain the notion of Fed
+  easing at some point," he said.
+      Other economists said the Fed would probably pay little
+  attention to weak money supply growth. "It has been a number of
+  years since M-1 has given good signs of what's going on in the
+  economy," one said. "I don't think M-1 shows that the economy is
+  falling apart and the Fed should ease."
+      Economists agreed a stable dollar will continue to be a
+  prerequisite for any move by the Fed toward easier monetary
+  policy.
+      They said the Fed is reluctant to lower short-term rates
+  for fear this would spur expectations of a weaker dollar and
+  higher inflation which would push up long-term yields and choke
+  off econmomic growth.
+      But Sullivan said the dollar has been steady since late
+  April. "The Fed has to determine if this represents a
+  fundamental change for the dollar. If it does, then this gives
+  them more room to ease," he said.
+  
+
diff --git a/reuters/test/19029 b/reuters/test/19029
new file mode 100644
index 0000000000000000000000000000000000000000..c29e57f16a3aec21376e1edc01c7cb1f7fd6ecaa
--- /dev/null
+++ b/reuters/test/19029
@@ -0,0 +1,19 @@
+NATIONAL SEMICONDUCTOR CORP <NSM> FOURTH QUARTER
+  Shr profit six cents vs loss 10
+      Net profit 8.1 mln dlrs vs loss 7.1 mln
+      Sales 511.9 mln vs 397.8 mln
+      Avg shrs 97.0 mln vs 90.5 mln
+      YEAR
+      Shr loss 38 cents vs loss 1.10 dlrs
+      Net loss 24.6 mln dlrs vs loss 91.5 mln
+      Sales 1.87 billion vs 1.48 billion
+      Avg shrs 91.7 mln vs 89.8 mln
+      NOTE - Current year figure includes previously announced 15
+  mln dlr restructuring charge.
+      Figures include extraordinary credit from tax benefit of
+  4.2 mln dlrs in quarter vs 2.3 mln a year earlier and 4.2 mln
+  for year vs 5.6 mln year earlier.
+      The 1986 year net reflects 51.2 mln dlr gain from
+  cumulative effect of accounting change.
+  
+
diff --git a/reuters/test/19033 b/reuters/test/19033
new file mode 100644
index 0000000000000000000000000000000000000000..87979abf79cdde4cb9cdcd8b7cba348f69efd92c
--- /dev/null
+++ b/reuters/test/19033
@@ -0,0 +1,24 @@
+SHULTZ WARNS ASEAN OF LOOMING TRADE PROBLEM
+  U.S. Secretary of State George Shultz
+  warned members of the Association of Southeast Asian Nations
+  (ASEAN) they could no longer rely on increased exports to the
+  U.S. For growth.
+      "Given the importance of exports, particularly export
+  manufactures, to all of your countries, you are going to have
+  to work hard to diversify your markets," he said.
+      "While you may be able to maintain your current market share
+  in the U.S., You clearly will not be able to look to the U.S.
+  To take major increases in your exports," he added.
+      Shultz told the foreign ministers of Brunei, Indonesia,
+  Malaysia, the Philippines, Singapore and Thailand the U.S.
+  Would cut its huge foreign trade deficit more rapidly than many
+  now believed.
+      He said ASEAN's looming trade problems would not
+  necessarily stem from protectionist legislation now being
+  contemplated by Congress, "but simply because of the adjustments
+  the U.S. Economy will have to make in order to service our
+  large and growing external debt."
+      Shultz said the U.S. Deficit had resulted not from falling
+  exports but from higher imports that had fuelled world growth.
+  
+
diff --git a/reuters/test/19037 b/reuters/test/19037
new file mode 100644
index 0000000000000000000000000000000000000000..e1c69e4051d60fb70150cd711149ff57f92c6c00
--- /dev/null
+++ b/reuters/test/19037
@@ -0,0 +1,25 @@
+INDONESIA RAISES STAKE IN ALUMINIUM PLANT
+  Indonesia has increased its share in a
+  434-billion-yen aluminium smelter joint venture with Japan from
+  25 to 37 pct, Asahan Project Authority director A.R. Suhud
+  said.
+      The Japanese Export-Import Bank said Indonesia had raised
+  its share of (P.T. Indonesia Asahan Aluminium) company,
+  capitalised in 1975 at 91 billion, by swapping 32 billion yen
+  in government loans to the company for an equity stake.
+      The Japanese shareholders, the Overseas Economic
+  Cooperation Fund and 12 companies, are to invest another 24
+  billion yen raising capitalisation to 147 billion yen.
+      Asahan reported total losses of 97.6 billion rupiah between
+  1982 and 1985. Suhud said much of the company's 320 billion yen
+  debt had been caused by falling tin prices and the appreciation
+  of the yen against the U.S. Dollar. Aluminium is sold in
+  dollars.
+      Prices improved from 1,150 dlrs a tonne six months ago to
+  about 1,450 dlrs today. The plant is supposed to break even if
+  prices stay at 1,500 dlrs a tonne.
+      Sahud said the plant, with a capacity of 220,000 tonnes a
+  year, would probably lose money again in 1987. The plant,
+  situated in North Sumatra, produces mostly for Japan.
+  
+
diff --git a/reuters/test/19040 b/reuters/test/19040
new file mode 100644
index 0000000000000000000000000000000000000000..f82a3b36f09f727fc0408a6fdfeb11e079215a20
--- /dev/null
+++ b/reuters/test/19040
@@ -0,0 +1,53 @@
+TAIWAN DOLLAR AND RESERVES SEEN RISING MORE SLOWLY
+  Recent government moves to curb capital
+  inflow have temporarily helped to slow the rise of Taiwan's
+  foreign exchange reserves and to stabilise the local dollar
+  against the U.S. Currency, officials and bankers said.
+      Central bank governor Chang Chi-Cheng told reporters the
+  reserves rose only about 500 mln U.S. Dlrs in the past two
+  weeks and the local dollar appreciated more slowly against the
+  U.S. Dollar.
+      Chang said, "The pace of increase in our reserves is much
+  slower now than before and our currency is getting more stable."
+  He said the reserves, mainly the result of the trade surplus
+  with the U.S., Rose at the rate of two to three billion U.S.
+  Dlrs a month between January and May.
+      The reserves, the world's third largest after Japan and
+  West Germany, now total well over 60 billion U.S. Dlrs.
+      On June 2 the central bank froze overseas borrowings of
+  local and foreign banks and cut the limit on central bank
+  purchases of forward U.S. Dollars from banks to 40 pct from 90
+  pct of the value of a contract.
+      Local and foreign bankers said the June 2 measures had
+  drastically limited their ability to lend foreign exchange to
+  importers and exporters.
+      They said their overseas borrowings and forward dollar
+  transactions showed a drastic decline with some banks
+  registering a fall of up to 30 pct.
+      Bank dealers said the Taiwan dollar has stabilised against
+  the U.S. Currency this week after rising two to five Taiwanese
+  cents a day between June 2 and 13 compared with a rise of five
+  to eight cents in May.
+      The bank dealers said the central bank, which had
+  previously bought U.S. Dollars heavily, sold at least 1.1
+  billion U.S. Dlrs in the past two weeks to meet commercial
+  demand.
+      They said they expected the government to keep the local
+  dollar stable in the near term to give breathing space to
+  businesses experiencing slower exports because of the rise of
+  more than 23 pct in the value of the Taiwan dollar since
+  September 1985.
+      The Taiwan dollar opened at 31.09 to the U.S. Dollar today,
+  unchanged from yesterday.
+      Keh Fei-Lo, vice president of First Commercial Bank, said,
+  "It appears the central bank's move to curb the capital inflow
+  is quite successful."
+      Vice economic minister Wang Chien-Shien said the slower
+  rise in foreign exchange reserves would help ease pressure from
+  Washington over the large U.S. Trade deficit with Taiwan.
+      Over the past year Taiwanese businessmen have delayed
+  imports of machinery and production equipment because of
+  exchange rate uncertainty, he said. The stable exchange rate
+  would help boost imports, particularly from the United States.
+  
+
diff --git a/reuters/test/19041 b/reuters/test/19041
new file mode 100644
index 0000000000000000000000000000000000000000..a2f1c2a3cef0f2a22556e126756433825e6a0278
--- /dev/null
+++ b/reuters/test/19041
@@ -0,0 +1,36 @@
+JAPAN APPROVES AID FOR INDONESIA, BRAZIL ALUMINIUM
+  Japan's cabinet approved a plan to help
+  financially-troubled aluminium ventures in Indonesia and
+  Brazil, an official at the Ministry of International and Trade
+  Industry (MITI) said.
+      Japan will invest 24 billion yen in <PT Indonesia Asahan
+  Aluminium> in addition to the 68.3 billion yen already invested
+  in the company. The government and private interests will
+  equally share the additional investment, he said.
+      They will also provide equal shares in 6.3 billion yen in
+  new investment in the Albras Amazon aluminium project in
+  Brazil, in addition to the 45.7 billion yen already invested.
+      The Japan Export-Import Bank will cut its rates on loans to
+  Asahan and Albras to about five pct from about seven pct, the
+  official said.
+      Interest rates on loans by Japan's private banks to the two
+  projects are expected to be reduced to around five pct from the
+  current seven to eight pct, but an agreement has yet to be
+  reached, industry sources said.
+      Under the rescue scheme for Asahan, in which 91.1 billion
+  yen has been invested, Indonesia will also extend another 32
+  billion yen to the company.  This will raise Indonesia's
+  investment ratio to about 40 pct from the current 25 pct.
+      The Brazilian government has already agreed to invest an
+  additional 6.5 billion yen in Albras, in which investment now
+  totals 93.2 billion yen, but its stake will not change from 51
+  pct, the official said.
+      The sources said the rescue programs for the two projects
+  were larger than earlier expected, reflecting Japan's desire to
+  help develop the economies of Indonesia and Brazil and to
+  stabilise sources of aluminium.
+      Japan depends on imports for more than 90 pct of its
+  aluminium demand, which totals some 1.8 mln tonnes a year, they
+  said.
+  
+
diff --git a/reuters/test/19042 b/reuters/test/19042
new file mode 100644
index 0000000000000000000000000000000000000000..7c264747811412be19c384e2bdd386036e5cb8ac
--- /dev/null
+++ b/reuters/test/19042
@@ -0,0 +1,14 @@
+MITSUI BUYS FIVE PCT STAKE IN U.S. CHIP MAKER
+  Mitsui and Co Ltd <MITS.T> paid 1.5 mln
+  dlrs in early May for a five pct stake in <Zoran Corp>, a
+  California-based maker of large scale integrated circuits (LSI)
+  with computer graphic, communications and medical applications,
+  a Mitsui spokesman told Reuters.
+      He said the two firms will form a marketing company in
+  Japan as early as next year, although details of the joint
+  venture are not yet fixed. Mitsui expects last year's 10
+  billion yen Japanese LSI market to grow quickly.
+      Zoran was founded in 1981 and now has about 100 employees,
+  he said.
+  
+
diff --git a/reuters/test/19044 b/reuters/test/19044
new file mode 100644
index 0000000000000000000000000000000000000000..4e8b85445065ea61cb1b92643e080804b47ca49a
--- /dev/null
+++ b/reuters/test/19044
@@ -0,0 +1,13 @@
+JAPAN'S JUNE INTERIM TRADE SURPLUS NARROWS
+  Japan's custom-cleared trade surplus
+  narrowed to 1.61 billion dlrs in the first 10 days of June from
+  1.97 billion a year earlier, the Finance Ministry said.
+      The June interim surplus compares with a 1.76 billion dlr
+  surplus in the same May period.
+      FOB exports in the first 10 days of June rose 17.6 pct from
+  a year earlier to 6.05 billion dlrs while CIF imports rose 39.6
+  pct to 4.44 billion.
+      The average yen/dollar rate used for the figures was 141.04
+  yen against 169.03 a year earlier.
+  
+
diff --git a/reuters/test/19045 b/reuters/test/19045
new file mode 100644
index 0000000000000000000000000000000000000000..0a24ae8fee7a5d465cbf1c6c950e3a4f7f596f77
--- /dev/null
+++ b/reuters/test/19045
@@ -0,0 +1,9 @@
+C. ITOH AND CO LTD <CITT.T>
+  Year ended March 31
+      Group shr 18.83 yen vs 18.73
+      Net 20.07 billion vs 18.47 billion
+      Pretax 22.14 billion vs 25.36 billion
+      Operating 37.57 billion vs 51.57 billion
+      Sales 14,762 billion vs 15,900 billion
+  
+
diff --git a/reuters/test/19048 b/reuters/test/19048
new file mode 100644
index 0000000000000000000000000000000000000000..948bf7d91b96e95b05484a9042df264b972afe9c
--- /dev/null
+++ b/reuters/test/19048
@@ -0,0 +1,7 @@
+Sainsbury's says it taking control of Shaw's Supermarkets
+for 30 dlrs a share
+
+  Sainsbury's says it taking control of Shaw's Supermarkets
+  for 30 dlrs a share
+  
+
diff --git a/reuters/test/19050 b/reuters/test/19050
new file mode 100644
index 0000000000000000000000000000000000000000..ee5f0923e62f9039e58cc694ee76108294e47f4b
--- /dev/null
+++ b/reuters/test/19050
@@ -0,0 +1,31 @@
+SAINSBURY'S TAKING CONTROL OF SHAW'S SUPERMARKETS
+  J Sainsbury Plc<SNB.L> said it agreed to
+  take control of the U.S. Shaw's Supermarkets Inc through a
+  combination of share purchases and a tender offer at 30 dlrs a
+  share.
+      Sainsbury bought about 21 pct of the stock in 1983. It said
+  its U.S. Subsidiary, Chene Investments Inc, bought 2.55 mln
+  common shares from the controlling Davis family yesterday at 30
+  dlrs a share for 76.5 mln dlrs, lifting its stake to 49.4 pct.
+      A tender offer for the outstanding shares will be launched,
+  also at 30 dlrs a share for a maximum further cost of 184.4
+  mln.
+      The Shaw's Board and the Davis family has agreed to accept
+  the offer, thus assuring Sainsbury's a total holding of 74.0
+  pct.
+      The company had allotted 20.18 mln new ordinary shares to
+  <Warburg Securities Ltd> which it said would be sufficient to
+  finance about 188 mln dlrs of the maximum 261 mln dlrs payable.
+      Shaw's operates a chain of 49 supermarkets in
+  Massachusetts, Maine and New Hampshire which in 1986 produced
+  sales of 1.1 billiob dlrs and pretax profit of 31.1 mln. At the
+  end of 1986 it had net assets of 88 mln dlrs.
+      Last September, Sainsbury's increased its stake in Shaw's
+  to 28.5 pct. In the year to March 21, it reported a rise in
+  pretax profit to 246.9 mln stg from 192.7 mln on sales that
+  increased to 4.04 billion from 3.58 billion.
+      Sainsbury shares had fallen five pence before the
+  announcement to 590p from last night's close but were unmoved
+  by news of the deal.
+  
+
diff --git a/reuters/test/19053 b/reuters/test/19053
new file mode 100644
index 0000000000000000000000000000000000000000..bee9070df9ecf16d945a647975c0e4009f30ecd3
--- /dev/null
+++ b/reuters/test/19053
@@ -0,0 +1,10 @@
+ISUZU MOTORS LTD <ISUM.T> SIX MONTHS TO APRIL 30
+  Parent shr loss 15.85 yen vs profit 2.02
+      Interim div nil vs nil
+      Net loss 12.92 billion vs profit 1.65 billion
+      Current loss 12.52 billion vs profit 4.44 billion
+      Operating loss 8.76 billion vs profit 6.52 billion
+      Sales 443.90 billion vs 528.03 billion
+      Outstanding shrs 815.10 mln vs 814.97 mln
+  
+
diff --git a/reuters/test/19055 b/reuters/test/19055
new file mode 100644
index 0000000000000000000000000000000000000000..d083ae551b539a8115bbad5cf40664595dd02ac7
--- /dev/null
+++ b/reuters/test/19055
@@ -0,0 +1,20 @@
+BANGLADESH NAVY UNLOADS GRAINS DURING PORT STRIKE
+  The navy is unloading
+  foodgrains at Chittagong port following a strike by nearly
+  1,000 dockworkers, Bangladesh Shipping Corp officials said.
+      The navy was unloading 74,000 tonnes of foodgrains from two
+  ships today, and four vessels laden with some 90,000 tonnes of
+  grains were waiting at the outer anchorage, port officials
+  said.
+      A spokesman for the workers said they would continue their
+  strike until authorities agree to their demands for higher pay
+  and other benefits. The strike began on June 11.
+      "Unloading of grains and other essential commodities started
+  normally after we called in navy personnel to help," a port
+  official told Reuters.
+      "The strike has caused no serious dislocation," he said.
+      The government meanwhile declared the port jobs an
+  "essential service" and said the strikers could be dismissed
+  unless they end the strike soon.
+  
+
diff --git a/reuters/test/19057 b/reuters/test/19057
new file mode 100644
index 0000000000000000000000000000000000000000..1a059f22ebebe99507453cf8b0b1061b9bd226c6
--- /dev/null
+++ b/reuters/test/19057
@@ -0,0 +1,11 @@
+TAIWAN BUYS 32,000 TONNES OF U.S. SOYBEANS
+  The joint committee of Taiwan's soybean
+  importers awarded a contract to Cargill Inc of Minneapolis,
+  Minnesota, for supply of one 32,000 tonne cargo of U.S.
+  Soybeans, a committee spokesman told Reuters.
+      The cargo, priced at 249.10 U.S. Dlrs per tonne c and f
+  Taiwan, is set for delivery before July 7, he said.
+      The committee cancelled a tender for another cargo because
+  the prices offered by U.S. Suppliers were too high, he added.
+  
+
diff --git a/reuters/test/19059 b/reuters/test/19059
new file mode 100644
index 0000000000000000000000000000000000000000..1985fbc360e3a90c18a1e2878ebf9644d1c632fb
--- /dev/null
+++ b/reuters/test/19059
@@ -0,0 +1,14 @@
+AGENCY HEAD SAYS JAPAN SHOULD CUT RICE PRICE
+  The government should cut its consumer
+  rice price if the official producer price is reduced next
+  month, Tetsuo Kondo, director general of the government's
+  Economic Planning Agency (EPA), told reporters.
+      Kondo said after a cabinet meeting that consumers should
+  receive the benefits of the falling costs of rice farming due
+  to the strong yen and lower oil prices.
+      Agriculture Ministry sources said the producer rice price
+  paid to rice farmers would be cut after discussions by the Rice
+  Price Council, an advisory body to the ministry, on July 1 and
+  2. The consumer rice price is usually set in December.
+  
+
diff --git a/reuters/test/19061 b/reuters/test/19061
new file mode 100644
index 0000000000000000000000000000000000000000..e64bfd24886c823e3d1a6fe026266298ce0efb38
--- /dev/null
+++ b/reuters/test/19061
@@ -0,0 +1,25 @@
+JAPAN PANEL URGES WORLD ECONOMIC ADJUSTMENTS
+  Japan could avoid a sharp rise in the
+  value of the yen against the dollar if Japan, the U.S. And
+  other nations succeeded in restructuring their economies, an
+  advisory panel to the government's Economic Planning Agency
+  (EPA) said.
+      The advisory body said in its report that the yen would
+  soar against the dollar if structural adjustments on a global
+  basis were delayed.
+      An EPA official told Reuters the dollar could fall to
+  slightly below 100 yen by 1993 if Japan and the U.S. Failed to
+  restructure their economies.
+      The dollar's fall without structural adjustments would cut
+  Japan's current account surplus to two pct of gross national
+  product (GNP) in 1993, the report said. It said such a change
+  would slow real GNP growth to an average of two pct annually
+  during the seven-year period to 1993.
+      If the two nations restructured their economies, the dollar
+  would remain stable in real terms, while reducing Japan's
+  current-account surplus to 2.1 pct of GNP in 1993. This
+  scenario put Japan's GNP growth at 3.5 pct a year.
+      It forecast real growth of three pct for the world economy
+  and four pct for Japan by 2,000 if the adjustments were made.
+  
+
diff --git a/reuters/test/19062 b/reuters/test/19062
new file mode 100644
index 0000000000000000000000000000000000000000..6cdddc5367932d15d44d96e7c09c494a93ee5448
--- /dev/null
+++ b/reuters/test/19062
@@ -0,0 +1,14 @@
+JAPAN MUST TRY HARDER TO CUT SURPLUS - MINISTER
+  Japan must try harder to reduce its trade
+  surplus or the yen will come under renewed upward pressure,
+  Economic Planning Minister Tetsuo Kondo.
+      He told a press luncheon he hoped Japan could cut its
+  current account surplus by some 10 billion dlrs a year until it
+  is reduced to some 50 to 60 billion dlrs. In the fiscal year
+  ended March 31 the surplus totalled 93.76 billion dlrs, or
+  about 4.5 pct of GNP.
+      The 6,000 billion yen economic stimulation package the
+  government unveiled late last month would help slash Japan's
+  current account surplus by five to six billion dlrs, he said.
+  
+
diff --git a/reuters/test/19065 b/reuters/test/19065
new file mode 100644
index 0000000000000000000000000000000000000000..58d2ec20cbbb995ed5b7df9bfe77d00d96d913a6
--- /dev/null
+++ b/reuters/test/19065
@@ -0,0 +1,33 @@
+THAI SMELTER FACES TIN CONCENTRATE SUPPLY SHORTAGE
+  Thailand's major tin exporter and
+  producer <Thailand Smelting and Refining Co> (Thaisarco) said
+  it may be unable to meet all its overseas orders because of
+  insufficient supplies of tin concentrates from Thai mines.
+      Local mines cut combined daily tin concentrate sales to
+  Thaisarco, a Royal Dutch/Shell Group <RD.AS> unit, to less than
+  20 tonnes earlier this month from a previous 40 to 45 tonne
+  average, commercial manager Yoot Eamsa-ard told Reuters.
+      He said the cuts resulted from a government decision to let
+  the temporary business and municipal tax reductions on exported
+  tin lapse on June 3.
+      The taxes, levied on the tin mines, rose to 4.4 pct this
+  month from 1.1 pct ad valorem over the past year. The lower
+  levels had been introduced last year as a temporary move to aid
+  the tin industry after prices collapsed in late 1985.
+      Yoot said Thaisarco had to dig into its stocks to meet a
+  large portion of new overseas orders which were averaging 100
+  tonnes per day.
+      As a result, he said, Thailand could fail to fill some
+  3,000 tonnes of its 19,000 tonne tin export quota allocated by
+  the Association of Tin Producing Countries (ATPC) for the year
+  ending February 1988.
+      Reduced tin exports this year could cause the ATPC to
+  allocate a lower quota next year, Yoot said.
+      The supplies shortage should prove temporary, however,
+  because the Thai cabinet is expected to review a Mineral
+  Resources Department proposal to reinstate the low taxes late
+  this month, Yoot said.
+      The department said Thailand exported 7,715 tonnes of tin
+  during January/May compared with 8,462 tonnes a year ago.
+  
+
diff --git a/reuters/test/19069 b/reuters/test/19069
new file mode 100644
index 0000000000000000000000000000000000000000..9d85254012f355ed3715ba9a0d4f8b595e8c6ea4
--- /dev/null
+++ b/reuters/test/19069
@@ -0,0 +1,33 @@
+SRI LANKA PLANS TO RENEW ABU DHABI OIL CONTRACT
+  Ceylon Petroleum Corp (CPC) has decided
+  to renew its one-year contract with Abu Dhabi for 480,000
+  tonnes of Upper Zakum crude oil, CPC officials told Reuters.
+      They said CPC made the recommendation to the cabinet and is
+  now awaiting its approval.
+      CPC's one-year contract with Abu Dhabi expired on May 31
+  this year and it wants the renewed contract to begin on June 1
+  at the government selling price. Delivery will be determined in
+  the course of the year. Last year, shipments were in three
+  parcels of 120,000 tonnes each and four of 30,000 tonnes each.
+      CPC officials also said the company agreed with the
+  Egyptian government for the supply of 240,000 tonnes of Gulf of
+  Suez crude for delivery in two shipments this year at the
+  government selling price.
+      Last year, CPC bought 120,000 tonnes Gulf of Suez through
+  C.Itoh.
+      Officials said plans to buy 240,000 tonnes of Basra Light
+  from Iraq have not been finalised yet because of several
+  constraints. CPC said it could not accept 120,000 tonne parcels
+  and proposed to lift 30,000 tonnes in eight shipments.
+      Iraq National Oil Co (INOC) told CPC a Red Sea port where
+  lifting was to take place could not accept small ships. INOC
+  then proposed to deliver eight shipments of 30,000 tonnes each.
+      CPC said INOC planned to ship the oil to an Indian port for
+  delivery of Indian requirements, later going to Colombo to
+  offload CPC's needs, but CPC considered this unsuitable.
+      CPC said it had not received a reply from INOC since
+  December. Sri Lanka imports all its annual needs of 1.7 mln
+  tonnes. This year it plans to buy 400,000 tonnes on the spot
+  market compared with about 1.3 mln tonnes last year.
+  
+
diff --git a/reuters/test/19073 b/reuters/test/19073
new file mode 100644
index 0000000000000000000000000000000000000000..bd39857ae0ee79cafc155351ec0567a5f5aa74da
--- /dev/null
+++ b/reuters/test/19073
@@ -0,0 +1,22 @@
+TAIWAN'S EVERGREEN LINE TO GO PUBLIC
+  Liner shipping specialist <Evergreen
+  Marine Corp>, Taiwan's largest private company, has applied to
+  the Security and Exchange Commission to go public next month, a
+  company spokeswoman told Reuters.
+      She said Evergreen had doubled its capital to eight billion
+  Taiwan dlrs since last August.
+      "The capital increase will boost our operations," she said.
+      She said Evergreen will use the funds raised from the stock
+  market to buy new ships and step up its global services.
+      The spokeswoman said the company posted an after-tax profit
+  of more than one billion dlrs last year on total revenues of
+  20.46 billion, compared to an after-tax profit of 1.18 billion
+  on revenues of 17.99 billion in 1985.
+      Evergreen has placed newbuilding orders for three 3,428-teu
+  (twenty-foot equivalent unit) fully cellular container ships
+  with the state-owned <China Shipbuilding Corp> for delivery in
+  late 1988.
+      Evergreen has a fleet of 66 container vessels, totalling
+  more than two mln dwt, the spokeswoman said.
+  
+
diff --git a/reuters/test/19075 b/reuters/test/19075
new file mode 100644
index 0000000000000000000000000000000000000000..9c932c6e8d53aa73650aef4bf36ae3330811bf7c
--- /dev/null
+++ b/reuters/test/19075
@@ -0,0 +1,25 @@
+S. AFRICAN RESERVE BANK SAYS GROWTH RATE ON TARGET
+  South Africa recorded annualised
+  real growth in GDP of 3.25 pct in the first quarter of this
+  year and the economy should achieve the government's target of
+  three pct growth for 1987, the Reserve Bank said.
+      The South African central bank said in its quarterly
+  bulletin that confidence in the economy improved from January
+  to May 31 because of the higher gold price, a rise in the
+  nation's gold and foreign currency reserves and an improvement
+  in the rand's exchange rate to just under 50 U.S. Cents.
+      It noted the growth rate had slowed from 4.5 pct in the
+  third and fourth quarters of last year.
+      It also cited a three year debt recheduling agreement
+  reached with international creditors in March as evidence of
+  improved foreign perceptions of the South African economy.
+      The accord effectively extends a moratorium on most
+  repayments of 13 billion dlrs of South Africa's short term
+  foreign debt. Total foreign debt is 23 billion dlrs.
+      South Africa recorded a seasonally adjusted annualised
+  surplus on the current account of the balance of payments of
+  7.43 billion rand in the first quarter, compared with a surplus
+  of 7.24 billion rand in 1986. The bank said it was the ninth
+  consecutive current account surplus since the start of 1985.
+  
+
diff --git a/reuters/test/19077 b/reuters/test/19077
new file mode 100644
index 0000000000000000000000000000000000000000..66e0e6b1a0c052ac5b3b6528084f88793223e04f
--- /dev/null
+++ b/reuters/test/19077
@@ -0,0 +1,11 @@
+DUTCH INDUSTRIAL PRODUCTION FALLS 6.4 PCT IN APRIL
+  Dutch seasonally adjusted industrial
+  production fell by 6.4 pct in April compared with the previous
+  month, and was 5.5 pct down on the same period last year,
+  figures from the official Statistics Bureau CBS show.
+      The April index, base 1980, stood at 103. In March,
+  industrial production rose by 2.8 pct from February.
+      The unadjusted April index figure fell 14 pct from March to
+  104, compared with a 10 pct rise in March over February.
+  
+
diff --git a/reuters/test/19079 b/reuters/test/19079
new file mode 100644
index 0000000000000000000000000000000000000000..d78c84a56d74cc8270c211ec1eb8489c20d67fe6
--- /dev/null
+++ b/reuters/test/19079
@@ -0,0 +1,7 @@
+CANADA MAY CONSUMER PRICE INDEX RISES 0.6 PCT, STATISTICS
+CANADA SAID
+
+  CANADA MAY CONSUMER PRICE INDEX RISES 0.6 PCT, STATISTICS
+  CANADA SAID
+  
+
diff --git a/reuters/test/19081 b/reuters/test/19081
new file mode 100644
index 0000000000000000000000000000000000000000..f54fab513e06d77a95c9ae605b95cfb7c1cbe6e5
--- /dev/null
+++ b/reuters/test/19081
@@ -0,0 +1,8 @@
+CANADA CONSUMER PRICE INDEX UP 0.6 PCT IN MAY
+  Canada's consumer price index rose 0.6
+  pct in May to 137.8, base 1981, following a 0.4 pct rise in
+  April and a 0.5 pct rise in May 1986, Statistics Canada said.
+      The May year-on-year rise was 4.6 pct, compared with a 4.5
+  pct rise in April.
+  
+
diff --git a/reuters/test/19082 b/reuters/test/19082
new file mode 100644
index 0000000000000000000000000000000000000000..6055dac505a3ac77f154779e902c628423315664
--- /dev/null
+++ b/reuters/test/19082
@@ -0,0 +1,12 @@
+GERMAN PRODUCER PRICES RISE 0.1 PCT IN MAY
+  West German producer prices rose 0.1
+  pct in May compared with April to stand 2.9 pct lower than in
+  May last year, the Federal Statistics Office said.
+      In April, producer prices fell 0.3 pct from March and
+  dropped 3.6 pct from their levels a year earlier.
+      The Statistics Office said producer prices for liquefied
+  gas fell 10 pct in May from April and heavy heating oil prices
+  declined 5.3 pct, while lead prices rose 23 pct and silver
+  prices increased 13 pct.
+  
+
diff --git a/reuters/test/19083 b/reuters/test/19083
new file mode 100644
index 0000000000000000000000000000000000000000..6302c3a35ef527814adcaaf399cb59c6476b3f86
--- /dev/null
+++ b/reuters/test/19083
@@ -0,0 +1,46 @@
+JAPAN FIRMS TO LAUNCH SALES OF 100 OCTANE GASOLINE
+  Japanese oil companies are starting
+  campaigns to market 100 octane gasoline to meet growing
+  domestic demand for higher quality motor fuel, oil sources
+  said.
+      Ten companies plan to offer the unleaded gasoline this
+  summer, starting with <Idemitsu Kosan Co Ltd> on June 20.
+      Showa Shell Sekiyu KK <SHOL.T> introduced its Formula Shell
+  98 octane gasoline to the Japanese market in January this year.
+      Formula Shell has achieved strong sales in Japan despite a
+  higher price than regular octane gasoline, which has prompted
+  other oil firms to offer a rival product, the sources said.
+      "We have received a good response from consumers of Formula
+  Shell in terms of a smoother ride and effective fuel
+  consumption," Showa Shell said.
+      Shell's product sells for 145 yen per litre, 15 yen higher
+  than regular gasoline, and has already achieved a 38 pct share
+  of Japan's high octane gasoline market, it said.
+      High octane gasoline accounts for 25 pct of Shell's total
+  gasoline sales in Japan, it added.
+      Idemitsu said it hopes to raise high octane sales to 20 pct
+  of its total gasoline sales from about seven pct, immediately
+  after the launch of its Idemitsu 100.
+      Nippon Oil Co Ltd <NPOL.T> said it will launch its 100
+  octane gasoline on July 1, aiming for an increase in high
+  octane sales to 20 pct from six pct of its total gasoline
+  sales.
+      The rush to compete for high octane gasoline market share
+  has been spurred by expectations that the government will lift
+  gasoline production quotas and restrictions on gasoline station
+  construction in the next two to three years.
+      "Major oil companies are trying to boost their gasoline
+  sales network ahead of the proposed lifting of gasoline
+  production quotas," an official at a major oil company said.
+      An advisory panel to the Ministry of International Trade
+  and Industry (MITI) recommended this week that the government
+  press ahead with deregulation of the oil industry, including
+  the lifting of gasoline production quotas, to help oil
+  companies increase their international competitiveness.
+      Japan's three biggest gasoline marketers, Nippon Oil,
+  Idemitsu and Showa Shell, suffered supply shortages under the
+  production quota guideline in fiscal 1986, ended last March.
+      Domestic gasoline demand during the year was up 2.5 pct
+  from the previous year, according to a MITI report.
+  
+
diff --git a/reuters/test/19087 b/reuters/test/19087
new file mode 100644
index 0000000000000000000000000000000000000000..a92000d1a6bee9cb443e5c74f28483e153adb5e8
--- /dev/null
+++ b/reuters/test/19087
@@ -0,0 +1,27 @@
+BPCC PLANNING SALE OF PACKAGING OPERATIONS
+  The British Printing and Communication
+  Corp Plc<BPL.L> is considering selling its specialist packaging
+  and labelling operations, a spokeswoman said.
+      She gave no dates or prices for the transaction but said
+  the units would be sold by negotiation.
+      She declined to give any turnover or profit figures for the
+  packaging and labelling operations, beyond saying that they
+  were very profitable. They formed a self-contained part of the
+  overall group, she said.
+      Analysts said the packaging and labelling division could be
+  sold for up to 150 mln stg.
+      Earlier this week group chairman Robert Maxwell also said
+  it expected to float its Mirror group newspaper subsidiary,
+  bought from  Reed International Plc <REED.L> for 100 mln stg in
+  1984.
+      The spokeswoman said that BPCC intended to keep a majority
+  share in the newspaper group if it was floated.
+      BPCC is currently locked in legal battles resulting from
+  its attempt to take over U.S. Publisher Harcourt Brace
+  Jovanovich Inc <HBJ>. Earlier this week, BPCC launched a
+  two-for-three rights issue to raise 640 mln stg and said the
+  money raised would enable it to renew its assault on Harcourt.
+  It has also expressed interest in Dutch publisher Kluwer NV
+  <KLUW.AS>.
+  
+
diff --git a/reuters/test/19088 b/reuters/test/19088
new file mode 100644
index 0000000000000000000000000000000000000000..10f5184f1ce376c3a68140a6e5c66aaee8243cc2
--- /dev/null
+++ b/reuters/test/19088
@@ -0,0 +1,9 @@
+INDIA BUYS PALM OLEIN AT TENDER - TRADERS
+  The Indian State Trading Corp (STC) are
+  reported to have taken three parcels, around 5,000 tonnes each,
+  of palm olein at yesterday's weekly vegetable oil tender,
+  traders said.
+      All are for August shipment at 364 dlrs a tonne cif. India
+  passed on all other materials, they added.
+  
+
diff --git a/reuters/test/19092 b/reuters/test/19092
new file mode 100644
index 0000000000000000000000000000000000000000..04f4bf5a83d76f57b31f0ea13bb113410a2b63e4
--- /dev/null
+++ b/reuters/test/19092
@@ -0,0 +1,14 @@
+BELGIAN ONE-DAY STRIKE HITS TRANSPORT, SHIPPING
+  A 24-hour strike by Belgian public
+  employees protesting against a government pay offer disrupted
+  transport and hit ferry services and shipping, port and union
+  officials said.
+      Some cross-Channel ferry services from Ostend were
+  cancelled, the local news agency Belga said.
+      An Antwerp port authority spokesman said electricians came
+  out in support, reducing ship movements to a trickle. Unions
+  said Ghent and other major Belgian ports were also hit.
+      Few trains were running and some early morning flights by
+  Sabena, Belgian's national airline, were cancelled.
+  
+
diff --git a/reuters/test/19097 b/reuters/test/19097
new file mode 100644
index 0000000000000000000000000000000000000000..44baffc269e0dc8486b5ca4cbbe2d26e197d5bdf
--- /dev/null
+++ b/reuters/test/19097
@@ -0,0 +1,17 @@
+CHINA RESUMES USSR SHIP REPAIRS AFTER 23 YEAR GAP
+  China has resumed repairs of Soviet ships
+  after a 23 year break caused by the ideological split between
+  the two countries.
+      The New China News Agency said an agreement to resume the
+  business was signed by the two sides on Wednesday in Shanghai,
+  where three Soviet commercial vessels were being repaired.
+      The China Daily said the first two Soviet ships to be
+  repaired in China since 1964 left the ports of Dalian and
+  Xingang last month.
+      Bi Yueran, managing director of China State Shipbuilding
+  Corp's ship repair department, told the newspaper the Soviet
+  Union lacked adequate repair facilities for the more than 600
+  ships deployed in the far east. Bi said China's yards offered
+  competitive prices, guaranteed quality and prompt delivery.
+  
+
diff --git a/reuters/test/19101 b/reuters/test/19101
new file mode 100644
index 0000000000000000000000000000000000000000..f6700853fbd270cd9f9994d083eed72c243c5b82
--- /dev/null
+++ b/reuters/test/19101
@@ -0,0 +1,25 @@
+TRACOMIN SEES LOWER U.S. EDIBLE GROUNDNUT EXPORTS
+  U.S. Exports of edible
+  groundnuts could fall to 185,000 tonnes in the year to
+  September 1987 from 248,000 in the same 1986 period, trading
+  company Tracomin SA said.
+      It revised its December 1986 forecast that exports would
+  total 205,000 tonnes, citing low demand, the loss of U.S.
+  Market share in the two main importing countries, Britain and
+  the Netherlands, and the sale of nuts intended for export at a
+  premium in the U.S. Domestic market.
+      Tracomin estimated export availability from the 1986 crop
+  at 215,000 tonnes compared with 264,000 the previous year.
+      Tracomin said it expects a good 1987 U.S. Groundnut crop
+  and forecast a resurgence in U.S. Exports next year.
+      "Barring any market manipulations, a good U.S. Harvest in
+  1987 could lead to attractive prices, active trading and the
+  reappearance of the U.S.A as the world's leading producer of
+  peanuts," it said.
+      Overall exports from China, the leading exporter last year,
+  will remain at exceptionally high levels this year despite
+  quality complaints and difficulties in implementing some
+  earlier high-priced contracts. It is too early to say if China
+  can retain its current market share in 1988, Tracomin said.
+  
+
diff --git a/reuters/test/19110 b/reuters/test/19110
new file mode 100644
index 0000000000000000000000000000000000000000..f431145adcc5f3f1adfff035304c3c0f44c0f164
--- /dev/null
+++ b/reuters/test/19110
@@ -0,0 +1,43 @@
+SAUDI OIL RESERVES RISE DESPITE HIGHER OUTPUT
+  Proven oil and gas deposits in Saudi
+  Arabia increased in 1986 despite higher oil output, according
+  to the kingdom's main producing company, Aramco.
+      Recoverable oil reserves in Aramco fields rose to 167
+  billion barrels by the end the year from 166.5 billion in 1985,
+  while gas reserves jumped by 7.7 pct to 135.8 trillion cu ft
+  from 126.1 trillion, the company's annual report said.
+      Aramco, responsible for all Saudi production except about
+  200,000 barrels per day (bpd) in the Neutral Zone between Saudi
+  Arabia and Kuwait, increased production to 4.69 mln barrels per
+  day in 1986 from 3.04 mln barrels a year earlier.
+  
+      Most of 1986 was a virtual free-for-all in production, as
+  OPEC members abandoned restraint in an effort to recapture
+  their share of the market. In the process, prices collapsed
+  from about 28 dlrs a barrel to below nine dlrs, until the
+  organisation decided to cut production again from last
+  September onwards.
+      Saudi output in 1985 had been the lowest since the 1960s.
+      Production of natural gas liquids in 1986 declined slightly
+  to 304,178 bpd from 316,310, said the report, carried on the
+  official Saudi Press Agency.
+      The increase in reserves came despite a sharp cut in the
+  number of wells Aramco drilled to 33 in 1986 from 103 in 1985.
+  
+      Aramco's only refinery, at Ras Tannurah, processed 142.44
+  mln barrels (390,246 bpd) of crude last year. The plant was
+  upgraded to a capacity of 530,000 bpd during the year, enabling
+  it to supply 50 pct of local demand for oil products, the
+  report said.
+      The country's other five, smaller refineries -- owned by
+  another state-owned oil organisation, Petromin -- produced
+  around 750,000 bpd last year.
+  
+      Sulphur production rose to 1.23 mln tonnes in 1986 from
+  998,707 tonnes in 1985. During the year the company began
+  operating a sulphur granule plant with capacity of 4,000 tonnes
+  per day, the report said.
+      Aramco said it awarded 1,303 contracts last year worth 1.4
+  billion riyals -- about 370 mln dlrs.
+  
+
diff --git a/reuters/test/19113 b/reuters/test/19113
new file mode 100644
index 0000000000000000000000000000000000000000..4774bfe6ba7dcb93f605017f22b82de315a862ba
--- /dev/null
+++ b/reuters/test/19113
@@ -0,0 +1,9 @@
+FIDELCOR <FICR.O> BUYS NEW ENGLAND <BKNE.O>STAKE
+  Fidelcor Inc said it has acquired a
+  substantial portion of the assets of Bank of New England Corp's
+  Lazere Financial Corp subsidiary for undisclosed terms.
+      The company said the transaction includes most of Lazere's
+  loan portfolio and other assets, including Lazere's Miami
+  office.                                
+  
+
diff --git a/reuters/test/19118 b/reuters/test/19118
new file mode 100644
index 0000000000000000000000000000000000000000..7affd77322df1f627d6eb2dbdc2a4afdb0d1861e
--- /dev/null
+++ b/reuters/test/19118
@@ -0,0 +1,7 @@
+CHRYSLER AGREES TO ACQUIRE ELECTROSPACE SYSTEMS FOR 367
+MLN DLRS
+
+  CHRYSLER AGREES TO ACQUIRE ELECTROSPACE SYSTEMS FOR 367
+  MLN DLRS
+  
+
diff --git a/reuters/test/19121 b/reuters/test/19121
new file mode 100644
index 0000000000000000000000000000000000000000..2fdbca0ca17028a4b76713c163208fb40225af7e
--- /dev/null
+++ b/reuters/test/19121
@@ -0,0 +1,5 @@
+ Top discount rate at U.K. Bill tender rises to 8.7239 pct
+
+   Top discount rate at U.K. Bill tender rises to 8.7239 pct
+  
+
diff --git a/reuters/test/19122 b/reuters/test/19122
new file mode 100644
index 0000000000000000000000000000000000000000..a8e79e165eafc4dc36f1ee70831cdc3ba7b2204d
--- /dev/null
+++ b/reuters/test/19122
@@ -0,0 +1,9 @@
+SPAIN CARGO FIRMS HIRE DOCKERS TO OFFSET STRIKE
+  Cargo handling companies said they
+  were hiring twice the usual number of dockers to offset an
+  intermittent strike in Spanish ports.
+      Spanish dockers began a nine-day strike on Wednesday in
+  which they only work alternate hours in protest at government
+  plans to partially privatize port services.
+  
+
diff --git a/reuters/test/19127 b/reuters/test/19127
new file mode 100644
index 0000000000000000000000000000000000000000..74a6e57b55587fed622a5bb5ced494a18acc9b74
--- /dev/null
+++ b/reuters/test/19127
@@ -0,0 +1,24 @@
+CHRYSLER <C> TO TENDER FOR ELECTROSPACE <ELE>
+  Chrysler Corp said Electrospace Systems
+  Inc agreed to be acquired under a merger agreement in which
+  Chrysler will tender 27 dlrs a share for 100 pct of the
+  Richardson, Texas-based defense electronics contractor.
+      It said total cost to Chrysler to buy all of the
+  outstanding stock would be about 367 mln dlrs.
+      Electrospace Systems designs, develops and installs
+  communications and electronic  systems and equipment for the
+  specialized needs of military and commercial customers
+  worldwide.
+      Chrysler said Electrospace will help its Gulfstream
+  operations grow in military and commercial aircraft sales.
+      But it said there are no plans to merge Gulfstream and
+  Electrospace. Rather, they will operate as "sister companies,"
+  it said.
+      Chrysler said its tender offer is expected to begin by June
+  25 and will be managed by First Boston Corp.
+      For the fiscal year ended April 3, 1987, Electrospace
+  Systems had earnings of 10 mln dlrs on sales of 191 mln dlrs.
+  The company employs 2,500 people. About 92 pct of its sales
+  were to the military.
+  
+
diff --git a/reuters/test/19128 b/reuters/test/19128
new file mode 100644
index 0000000000000000000000000000000000000000..d0495d26fb656d4ac22009e6964c01cad057cc40
--- /dev/null
+++ b/reuters/test/19128
@@ -0,0 +1,35 @@
+OPEC PRESIDENT LUKMAN EXPECTS SHORT, CALM MEETING
+  OPEC conference president Rilwanu Lukman
+  said he expects next week's ministerial meeting in Vienna to be
+  brief and calm and that OPEC's current price and production
+  agreement may only need a slight review.
+      "I expect the meeting in Vienna to be short and calm,"
+  Lukman, who is also Nigerian oil minister, told reporters here
+  ahead of his departure on Sunday for the conference, which
+  starts June 25.
+      "We already have an agreement which may need only a slight
+  review," Lukman said.
+      The agreement reached at a long session of OPEC ministers
+  in December last year pegged the group's crude oil output at
+  15.8 mln bpd for first half 1987 at fixed prices of around 18
+  dlrs a barrel.
+      Since then prices have risen from 15 dlrs in December to
+  just above the official OPEC levels, with oil industry analysts
+  firmly convinced the organisation will maintain the agreement
+  to keep the market stable.
+      "I myself believe that OPEC will tend to take a position to
+  strengthen the gains we have made so far," Lukman said.
+      He declined to say if the current ceiling should be
+  maintained or raised to 16.6 mln bpd for the third quarter and
+  18.3 mln for the fourth as provisionally agreed last December.
+      "Whatever decision we arrive at will be guided by our
+  collective will to keep the market strong," he said.
+      He said non-OPEC member Norway, which he visited two weeks
+  ago, had pledged further cooperation with the group and this
+  was significant for its members.
+      Lukman said heavy destocking by consumers early this year
+  when OPEC's fixed price regime came into effect and a
+  restocking now for the winter was responsible for current
+  market strength.
+  
+
diff --git a/reuters/test/19136 b/reuters/test/19136
new file mode 100644
index 0000000000000000000000000000000000000000..e5c1306cba1b7cacd239697fd869fa26a20e4d05
--- /dev/null
+++ b/reuters/test/19136
@@ -0,0 +1,22 @@
+DAVIS MINING REVISES OFFER FOR BECOR <BCW>
+  Becor Western Inc said
+  <Davis Mining and Manufacturing Inc> has amended its offer for
+  the company.
+      Becor said the cash portion of the offer remains unchanged
+  at 10.45 dlrs a share but the principal amount of debentures
+  would increase to 3.50 dlrs from 3.00 dlrs a Becor share.
+      The amended offer also includes 1.50 dlrs face value of the
+  surviving corporation's 12.5 pct nonvoting cumulative preferred
+  not included in the previous offer, and reduces the amount of
+  the surviving corporation's common to be held by present
+  shareholders to 55 pct from 60 pct.
+      Becor Western the amended Davis Mining offer is suject to
+  confirmation of certain due diligence information.
+      Becor also said discussions continue with one other
+  possible bidder which it still has not been identified.
+      Again, the company said it expects discussions with the
+  other possible investor to conclude shortly. At that time, the
+  board will evaluate all the then existing offers for Becor, it
+  added.
+  
+
diff --git a/reuters/test/19137 b/reuters/test/19137
new file mode 100644
index 0000000000000000000000000000000000000000..c63de9d56afb21492e36d0d367f0219d5a62f785
--- /dev/null
+++ b/reuters/test/19137
@@ -0,0 +1,8 @@
+MTECH <MTCH> HAS 33,467 COMMERCIAL SHARES
+  MTech Corp said it has received
+  33,467 shares of Commercial Resources Corp in response to its
+  10.25 dlr per share tender offer for all 150,000 shares.
+      The company said it has extended the offer until July 2. It
+  was to have expired yesterday.
+  
+
diff --git a/reuters/test/19142 b/reuters/test/19142
new file mode 100644
index 0000000000000000000000000000000000000000..95b2e6dcd5b777b2021984d9995bdd2d2b29ce7a
--- /dev/null
+++ b/reuters/test/19142
@@ -0,0 +1,12 @@
+MICRON TECHNOLOGY INC <DRAM.O> 3RD QTR JUNE FOUR
+  Shr loss 14 cts vs loss 35 cts
+      Net loss 3,718,908 vs loss 6,714,372
+      Revs 22.8 mln vs 14.4 mln
+      Avg shrs 25.7 mln vs 19.2 mln
+      Nine mths
+      Shr loss 1.02 dlrs vs loss 1.46 dlrs
+      Net loss 24.4 mln vs loss 28.1 mln
+      Revs 61.7 mln vs 28.9 mln
+      Avg shrs 23.8 mln vs 19.2 mln
+  
+
diff --git a/reuters/test/19152 b/reuters/test/19152
new file mode 100644
index 0000000000000000000000000000000000000000..2abb8ed42448eda34c9d42671dcf7f342c09c7fd
--- /dev/null
+++ b/reuters/test/19152
@@ -0,0 +1,10 @@
+TOTAL ERICKSON <TLE.T> BUYS MINING PROPERTY
+  Total Erickson Resources Ltd and
+  Consolidated Silver Standard Mines Ltd <CDS.V> said that Total
+  Erickson has purchased all Consolidated's interests in its Dome
+  Mountain property for 60,000 Total Erickson shares and 70,000
+  dlrs in cash.
+      The companies said the property has several gold-bearing
+  veins and has considerable exploration potential.
+  
+
diff --git a/reuters/test/19155 b/reuters/test/19155
new file mode 100644
index 0000000000000000000000000000000000000000..502ad557f6f397b11a717d4a35cd55d287f41822
--- /dev/null
+++ b/reuters/test/19155
@@ -0,0 +1,21 @@
+NAT'L COMPUTER <NLCS.O> TO BUY DATA CARD STAKE
+  National Computer Systems Inc
+  said it agreed to acquire Deluxe Check Printers Inc's <DLX> 38
+  pct stake in Data Card Corp.
+      National Computer said it plans to issue 45 mln dlrs in
+  five year subordinated convertible debentures to purchase the
+  3,749,401 shares of Data Card from Deluxe.
+      Completion of the proposed transaction, subject to
+  regulatory approval, is expected in mid-July, it said.
+     
+      The debenture will bear an increasing rate of interest over
+  its term, with a 7.3 pct weighted average rate and will be
+  convertible into National Computer common stock at 20 dlrs a
+  share, it said.
+      Separately, Deluxe said its Data Card investment no longer
+  fits its business strategy. Deluxe has held an interest in Data
+  Card since 1975 when it provided funds for Data Card to buy
+  Troy Computer Products Corp. In November 1986, Data Card said
+  it planned to sell its Troy division.
+  
+
diff --git a/reuters/test/19159 b/reuters/test/19159
new file mode 100644
index 0000000000000000000000000000000000000000..9c40745648e80608886e0018be402b1d264cfead
--- /dev/null
+++ b/reuters/test/19159
@@ -0,0 +1,12 @@
+MICROSEMI <MSCC.O> ACQUIRES HYBRID COMPONENTS
+  Microsemi Corp, a supplier of
+  semiconductor products and assemblies, said it has acquired the
+  operating assets of <Hybrid Components Inc> for 2.2 mln dlrs in
+  cash.
+      Microsemi said the purchase includes the fixed assets,
+  software, inventories, technology, intellectual properties and
+  other business operations of HCI.
+      The company said HCI will continue to operate its Beverly
+  plant as a subsidiary of Microsemi.
+  
+
diff --git a/reuters/test/19163 b/reuters/test/19163
new file mode 100644
index 0000000000000000000000000000000000000000..d073ce57f40e2e99ada8b55a0960611b94b47f54
--- /dev/null
+++ b/reuters/test/19163
@@ -0,0 +1,13 @@
+REAGAN SAYS TRADE BILL FACES VETO IN PRESENT FORM
+  President Reagan said he would veto a
+  House-passed trade bill requiring mandatory retaliation for
+  "unfair trade" if it reached its desk in its present form.
+      In a statement at a White House meeting with Senate
+  Republicans on the legislation, he said: "I would have no choice
+  but to veto that bill in its present form."
+      He said the measure "would move us exactly in the wrong
+  direction" towards high tariffs, trade barriers, trade
+  distorting subsidies, slow growth and crimped world markets,
+  and would destroy jobs.
+  
+
diff --git a/reuters/test/19165 b/reuters/test/19165
new file mode 100644
index 0000000000000000000000000000000000000000..874016c7dc9426eb701bb0257e204032cc3c6467
--- /dev/null
+++ b/reuters/test/19165
@@ -0,0 +1,25 @@
+GHANA LIFTS RICE/MAIZE IMPORT BAN DUE TO DROUGHT
+  Ghana has lifted a ban on rice and maize
+  imports due to crop problems caused by unusually dry weather,
+  the official Ghana News Agency (GNA) reported today.
+      Secretary for Finance and Economic Planning Kwesi Botchwey
+  made the announcement last night while accepting 7,891 tonnes
+  of rice worth about four mln dlrs under a Japanese food aid
+  programme.
+      The lifting of the ban, imposed earlier this year, follows
+  government concern over "lower than average rainfall in southern
+  Ghana and its implications for the major harvest."
+      Botchwey said rain has been lacking in major cereal growing
+  areas throughout the south this year. The Ministry of
+  Agriculture has predicted a fall of at least 25 pct in all
+  major staple crops including maize, rice and cassava.
+      GNA quoted Botchwey as saying that while the consequences
+  of current reduced rainfall will be nowhere near the drought
+  experiences of 1982/83 the government has taken steps to
+  alleviate anticipated food production shortfalls.
+      The failure of seasonal rains has already seriously
+  affected drinking water supplies, farming and fishing in parts
+  of the Central and Volta regions of Ghana where rivers have
+  dried up.
+  
+
diff --git a/reuters/test/19167 b/reuters/test/19167
new file mode 100644
index 0000000000000000000000000000000000000000..fd45f73a609c0c4ba19fff23c88d4cd42f08b737
--- /dev/null
+++ b/reuters/test/19167
@@ -0,0 +1,24 @@
+U.K. CENTRAL BANK WARNS OF EXCESSIVE RATE CUTS
+  Bank of England governor Robin
+  Leigh-Pemberton said lowering interest rates too fast could
+  jeopardise recent economic achievements in the U.K.
+      In remarks prepared for delivery to businessmen in
+  Birmingham, he said prospective returns on real investment are
+  more favourable, relative to those on financial assets, than
+  for a good number of years.
+      "It would surely be foolish to put that favourable
+  conjuncture at risk by lowering interest rates prematurely or
+  excessively," he said.
+      "We might enjoy a short-term boost to activity, but at the
+  risk of a damaging return to the uncertainty and acrimony of
+  high inflation," he added.
+      Leigh-Pemberton said he recognised there are some who would
+  argue that interest rates are still too high and deter
+  investment in industry.
+      "But we should not forget that less than a year ago we were
+  intervening to support sterling and had some temporary
+  difficulty in persuading the markets that a one pct increase in
+  base rates, to 11 pct, was a sufficient tightening of policy at
+  the time," he added. Base rate is currently nine pct.
+  
+
diff --git a/reuters/test/19169 b/reuters/test/19169
new file mode 100644
index 0000000000000000000000000000000000000000..8ea2e8a5224e284029ca8d9409b374574bc79c87
--- /dev/null
+++ b/reuters/test/19169
@@ -0,0 +1,19 @@
+FAILURE OF EC FARM PRICE TALKS DISRUPTS TENDERS
+  There will be no serious bids at European
+  Community open market tenders for wheat and barley until EC
+  farm ministers agree to the 1987/88 farm price package, trade
+  sources said.
+      The failure of farm ministers this week to come to an
+  agreement resulted in no bids at this week's tender for export
+  subsidies and traders said bids are unlikely as long as the
+  uncertainty remains.
+      One trader said permanent damage to export prospects can be
+  avoided if an agreemend can be reached soon, but the situation
+  will become more serious as time passes.
+      However, traders said there seem to be few buyers around,
+  lessening the disruptive impact of the delay.
+      Poland and South Korea, who are in the market for feed
+  wheat, will be offered intervention grain through special
+  tenders, traders said.
+  
+
diff --git a/reuters/test/19170 b/reuters/test/19170
new file mode 100644
index 0000000000000000000000000000000000000000..685b0ae5b52e48162e9116d83bbc8d74f4ade0e8
--- /dev/null
+++ b/reuters/test/19170
@@ -0,0 +1,7 @@
+AMERICAN GREETINGS CORP <AGREA.O> 1ST QTR NET
+  Period ended May 31
+      Shr 42 cts vs 53 cts
+      Net 13,600,000 vs 17,100,000
+      Revs 263.3 mln vs 243.8 mln
+  
+
diff --git a/reuters/test/19171 b/reuters/test/19171
new file mode 100644
index 0000000000000000000000000000000000000000..685b0ae5b52e48162e9116d83bbc8d74f4ade0e8
--- /dev/null
+++ b/reuters/test/19171
@@ -0,0 +1,7 @@
+AMERICAN GREETINGS CORP <AGREA.O> 1ST QTR NET
+  Period ended May 31
+      Shr 42 cts vs 53 cts
+      Net 13,600,000 vs 17,100,000
+      Revs 263.3 mln vs 243.8 mln
+  
+
diff --git a/reuters/test/19174 b/reuters/test/19174
new file mode 100644
index 0000000000000000000000000000000000000000..274539632fcbc01360e515671ec0f4e90b3bb4a7
--- /dev/null
+++ b/reuters/test/19174
@@ -0,0 +1,7 @@
+TEXAS UTILITIES CO <TXU> 12 MOS MAY 31 NET
+  Shr 4.61 dlrs vs 4.28 dlrs
+      Net 663.3 mln vs 590.8 mln
+      Rev 4.03 billion vs 4.06 billion
+      Avg shares 143.9 mln vs 138.2 mln
+  
+
diff --git a/reuters/test/19178 b/reuters/test/19178
new file mode 100644
index 0000000000000000000000000000000000000000..3e7d295367937bf8a293a2e259214c1ed725044a
--- /dev/null
+++ b/reuters/test/19178
@@ -0,0 +1,13 @@
+BOSTON DIGITAL CORP <BOST.O> 4TH QTR NET
+  Period ended April 30
+      Shr profit nil vs loss eight cts
+      Net profit 4,000 vs loss 213,000
+      Sales 3,668,000 vs 2,602,000
+      Year
+      Shr loss 18 cts vs loss 23 cts
+      Net loss 482,000 vs loss 614,000
+      Sales 12.5 mln vs 13.6 mln
+      NOTE: 1987 earnings in each period include a provision for
+  unrealized loss on marketable securities of 176,000 dlrs
+  
+
diff --git a/reuters/test/19180 b/reuters/test/19180
new file mode 100644
index 0000000000000000000000000000000000000000..b030580ba5d1bfe544aee45685f5a19b10f12a10
--- /dev/null
+++ b/reuters/test/19180
@@ -0,0 +1,10 @@
+COLONIAL BANCGROUP <CLBGA> BUYS DESTIN BANK
+  Colonial Bancgroup said it
+  agreed to buy <First National Bank of Destin> for an
+  undisclosed sum.
+      The company said if it is approved, the sale will mark its
+  second move to acquire a Florida bank.
+      It said it signed a letter of intent to buy Liberty Bank of
+  Pensacola in April.
+  
+
diff --git a/reuters/test/19181 b/reuters/test/19181
new file mode 100644
index 0000000000000000000000000000000000000000..4db7fe2195b4b6c691b062e1e1e7d4c0ada4c4b7
--- /dev/null
+++ b/reuters/test/19181
@@ -0,0 +1,18 @@
+CHRYSLER <C> HAS NO PLANS TO RAISE BID
+  Chrysler Corp said it has no intention
+  of increasing its offer for Electrospace Systems Inc <ELE>.
+      Chrysler agreed to purchase the Texas-based defense
+  electronics contractor in a tender offer of 27 dlrs a share for
+  a total value of about 367 mln dlrs.
+      Eletrospace shares closed yesterday on the NYSE at 30-1/8.
+      "We have no intention of increasing the offer," a company
+  spokeswoman said. "We believe it is adequate and will be
+  accepted."
+      She said the proposed transaction was unanimously
+  recommended by the board of directors and principal
+  shareholders of Electrospace.
+      Further, she noted that the 27 dlrs tender offer price is
+  50 pct above the price of Electrospace's shares before April 30
+  when it put itself up for sale.
+  
+
diff --git a/reuters/test/19182 b/reuters/test/19182
new file mode 100644
index 0000000000000000000000000000000000000000..0e570dba54ac8f84cdd2b70135a7661abaaa9973
--- /dev/null
+++ b/reuters/test/19182
@@ -0,0 +1,7 @@
+TEXACO CANADA RAISES CRUDE OIL POSTINGS 24 CANADIAN
+CTS/BBL, LIGHT SWEET NOW 25.60 DLRS/BBL
+
+  TEXACO CANADA RAISES CRUDE OIL POSTINGS 24 CANADIAN
+  CTS/BBL, LIGHT SWEET NOW 25.60 DLRS/BBL
+  
+
diff --git a/reuters/test/19191 b/reuters/test/19191
new file mode 100644
index 0000000000000000000000000000000000000000..94861eddad6ff2e4bd80f12bcaddad02dc224317
--- /dev/null
+++ b/reuters/test/19191
@@ -0,0 +1,78 @@
+U.K. LENDERS OFFER MORE FIXED RATE MORTGAGES
+  More U.K. Lenders are offering homebuyers
+  fixed interest rate mortgages under which the borrower makes
+  the same monthly payment no matter what happens to other
+  interest rates.
+      And with mortgage rates now at their lowest levels in
+  years, the loans have been snapped up by eager home buyers
+  trying to lock into cheap money.
+      The decision to offer fixed rate loans, industry officials
+  said, reflects the increasingly competitive nature of the home
+  mortgage business.
+      While fixed rate mortgages are uncommon in the U.K., They
+  were the mainstay of the business in the U.S. Up until only a
+  few years ago.
+      But in the early 1980s interest rates soared. U.S. Lenders,
+  mostly savings and loan associations, were earning rates as low
+  as three pct on 30 year fixed rate mortgages they held in their
+  portfolios but had to pay depositors rates as high as 15 pct to
+  induce them to retain their accounts.
+      As a result hundreds of institutions collapsed or were
+  forced to merge. The survivors decided to offer mortgages whose
+  rates would move in line with the cost of funds.
+      "We very much have the example of the U.S. Thrifts in mind,"
+  said a spokesman for Abbey National Building Society,
+  explaining why his institution, for the time being, is only
+  offering variable rate mortgages.
+      The rash of advertising to solicit new business has helped
+  homebuyers to become even choosier about loans and lenders
+  concede they are being forced to undercut each other still
+  more.
+      Sharp cuts on variable rate mortgages announced earlier
+  this week by the nation's two largest building societies and by
+  National Westminster Bank Plc reflect growing competition for
+  new business, officials at all three institutions said.
+      The fixed rate mortgages on offer carry interest rates even
+  below those on the variable rate loans.
+      "Of course they are less profitable than other (variable
+  rate) mortgages," said a spokesman for Midland Bank Plc, which
+  earlier this year said it earmarked 500 mln dlrs for fixed rate
+  new mortgage loans.
+      But he said the bank is willing to offer less profitable
+  loans because, "It was just another way to attract people to our
+  mortgage product."
+      Trustee Savings Bank Plc (TSB) was offering five year fixed
+  rate mortgages at 9.9 pct earlier this year.
+      The 100 mln stg that TSB set aside for the loans was
+  exhausted within just a few days, according to a spokeswoman.
+      "Everybody loves an under 10 pct mortgage," she said, noting
+  that within five days the bank loaned the equivalent of 25 pct
+  of its 1986 volume.
+      In short, the appeal of fixed rate mortgages is that they
+  offer an opportunity to gamble on the direction of interest
+  rates. If interest rates fall after the mortgage is made the
+  lender is earning an above average return on assets.
+      But if interest rates rise it is the homebuyer who has won
+  the benefit of cheap money.
+      Household Mortgage Co had planned to offer a 25 year fixed
+  rate mortgage after the June 11 elections on the assumption
+  that a Conservative Party victory would help money market rates
+  fall further, according to Duncan Young, managing director.
+      Young explained that the company had planned to protect
+  itself against the chance of rising interest rates by buying a
+  complicated hedging instrument.
+      But money market rates have risen contrary to expectations
+  and the company has shelved its plans for the time being. He
+  said money market rates were too high to arrange both the
+  mortgages and hedge profitably.
+      However, he said that when the Household Mortgage Co does
+  make fixed rate mortgages it is likely to securitise them. This
+  means bundling different mortgages together to resemble a bond
+  and selling them to an investor.
+      For technical reasons securitisation is simpler and more
+  efficient with fixed rate rather than with floating rate
+  mortgages. In the U.S., Where fixed rate mortgages are popular
+  again, securitisation has provided the bulk of mortgage money
+  over the past few years.
+  
+
diff --git a/reuters/test/19193 b/reuters/test/19193
new file mode 100644
index 0000000000000000000000000000000000000000..3e85b10bf9e6614ca150eca07323c57a6d6d891e
--- /dev/null
+++ b/reuters/test/19193
@@ -0,0 +1,10 @@
+TEXACO <TXC> CANADA TO RAISE CRUDE OIL POSTINGS
+  Texaco Inc's Texaco Canada said it
+  will raise  postings for its Edmonton/Swann Hills crude by 24
+  canadian cts a barrel, effective June 20.
+      The company said the new posting for Edmonton/Swann Hills
+  will be 25.60 dlrs a barrel. The price hike follows a round of
+  crude oil price increases started late June 17 by Sun Co. The
+  other major canadian crude suppliers raised prices June 18.
+  
+
diff --git a/reuters/test/19198 b/reuters/test/19198
new file mode 100644
index 0000000000000000000000000000000000000000..99e9aa0cd8c6bd6c59aed17b5647ba14c6b69dae
--- /dev/null
+++ b/reuters/test/19198
@@ -0,0 +1,14 @@
+NORWEGIAN CENTRAL BANK RESERVES FALL IN MAY
+  Norway's central bank reserves totalled
+  73.71 billion crowns in May against 76.06 billion in April and
+  95.02 billion in May 1986, the Central Bank said in its monthly
+  report.
+      Foreign exchange reserves totalled 70.3 billion crowns,
+  compared with 68.4 billion in April and 88.0 billion a year
+  ago. Gold reserves were unchanged from April's 284.8 mln
+  crowns, and also unchanged from the year-ago figure.
+      Central Bank special drawing right holdings were 3.16
+  billion crowns, compared with 3.06 billion in April and 2.51
+  billion in May 1986.
+  
+
diff --git a/reuters/test/19199 b/reuters/test/19199
new file mode 100644
index 0000000000000000000000000000000000000000..3d9f9e9dcd1750e50d5edf0d8b01a19ad6fd74dd
--- /dev/null
+++ b/reuters/test/19199
@@ -0,0 +1,17 @@
+HIGH WATER EXTENDS RHINE RIVER BLOCKAGE
+  Rising water levels on the Rhine caused by
+  heavy rain are delaying an operation near Karlsruhe to raise
+  two sunken boats which have blocked the river's main navigation
+  channel since early last week, a Karlsruhe water authority
+  spokesman said.
+      He said two floating cranes were unable to begin lifting
+  the sunken tug Orinoko and its lighter because the water level
+  had reached 815 centimetres and was forecast to rise to 820-830
+  cm by tomorrow. He was unable to say when the operation might
+  begin.
+      Meanwhile, high water at Cologne has forced vessels to
+  travel at reduced speed, a water authority spokesman in Cologne
+  said. But a water authority spokesman in Duisburg, 60 kms north
+  of Cologne, said vessels there were moving normally.
+  
+
diff --git a/reuters/test/19201 b/reuters/test/19201
new file mode 100644
index 0000000000000000000000000000000000000000..95ae527b3927912eb07abe36c612654bcfa7b731
--- /dev/null
+++ b/reuters/test/19201
@@ -0,0 +1,14 @@
+FED EXPECTED TO ARRANGE SYSTEM REPURCHASES
+  The Federal Reserve is likely to add
+  temporary reserves to the banking system this morning by
+  executing system repurchase agreements, economists said.
+      The Fed faces a need to add a large volume of reserves this
+  statement period to offset a drain caused by rising Treasury
+  balances at the Fed after the June 15 tax date.
+      Most economists are predicting over-the-weekend system
+  repurchases. But some, who see a smaller adding requirement,
+  are forecasting a less aggressive combination of three- and
+  six-day repos. Fed funds were trading at 6-3/4 pct, close to
+  yesterday's 6.81 pct average.
+  
+
diff --git a/reuters/test/19202 b/reuters/test/19202
new file mode 100644
index 0000000000000000000000000000000000000000..5140216c35426bb68046d8d53553a5766e05fc72
--- /dev/null
+++ b/reuters/test/19202
@@ -0,0 +1,7 @@
+GREYHOUND LINES AGREES TO ACQUIRE REMAINING ROUTES OF
+TRAILWAYS CORP
+
+  GREYHOUND LINES AGREES TO ACQUIRE REMAINING ROUTES OF
+  TRAILWAYS CORP
+  
+
diff --git a/reuters/test/19208 b/reuters/test/19208
new file mode 100644
index 0000000000000000000000000000000000000000..24068f3be01b8225f85e4eb0fc840b15231291e1
--- /dev/null
+++ b/reuters/test/19208
@@ -0,0 +1,15 @@
+GREYHOUND AGREES TO ACQUIRE TRAILWAYS ROUTES
+  <Greyhound Lines> said it agreed to
+  acquire the routes of <Trailways Corp>.
+      Greyhound said it had petitioned the Interstate Commerce
+  Commission for authority to acquire and operate Trailways'
+  routes, 450 of its 1200 buses and some of its terminals and
+  garages.
+      Trailways has abandoned all service in seven states in the
+  past year and more than half of its sevice in three other
+  states, the company said.
+      "Without intervention, the collaspe of Trailways is
+  imminent," said Fred Currey, chairman and president of
+  Greyhound.
+  
+
diff --git a/reuters/test/19213 b/reuters/test/19213
new file mode 100644
index 0000000000000000000000000000000000000000..d0ef4ac421ee8d3fd2b5027dd7432ad1099eab3e
--- /dev/null
+++ b/reuters/test/19213
@@ -0,0 +1,11 @@
+TUNISIA BUYS 150,000 TONNES FRENCH WHEAT
+  Tunisia has bought 150,000 tonnes of
+  French soft wheat for August to December shipment at 76.70 dlrs
+  per tonne fob with COFACE export credit, trade sources said.
+      This is the second French soft wheat export sale for the
+  1987/88 season which starts on July 1 and follows a Brazilian
+  purchase of 150,000 tonnes.
+      France sold around 300,000 tonnes of soft wheat to Tunisia
+  during the 1986/87 season.
+  
+
diff --git a/reuters/test/19223 b/reuters/test/19223
new file mode 100644
index 0000000000000000000000000000000000000000..db573ae7d95b2416ae23a59e750c9231b27fc291
--- /dev/null
+++ b/reuters/test/19223
@@ -0,0 +1,25 @@
+U.S. COURT UPHOLDS APEX DECISION FAVORING NYMEX
+  The U.S. Court of Appeals for the
+  Second Circuit upheld a lower court decision dismissing a suit
+  by Apex Oil Co against the New York Mercantile Exchange and
+  several oil companies.
+      The Court, however, ruled that Apex Oil could pursue
+  anititrust and commodities market manipulation allegations
+  against Belcher Oil Co, a unit of Coastal Corp <CGP>.
+      Apex Oil, primarily a trading company, charged that several
+  companies, including Belcher, and NYMEX conspired to force it
+  to deliver heating oil it had sold on the mercantile exchange,
+  knowing Apex could not make full delivery.
+     
+      The NYMEX ordered Apex to deliver four mln barrels of
+  heating oil sold via a February 1982 heating oil contract. Apex
+  eventually fulfilled this obligation but claimed damages.
+      Richard Wiener, attorney for Apex at Cadwalader Wickersham
+  and Taft, said the company has not yet decided whether to
+  pursue its case against Belcher Oil.
+      The NYMEX, meanwhile, has a counterclaim pending against
+  Apex Oil, seeking an unspecified amount of attorney's fees and
+  15 mln dlrs in punitive damages, according to a NYMEX
+  spokeswoman.
+  
+
diff --git a/reuters/test/19229 b/reuters/test/19229
new file mode 100644
index 0000000000000000000000000000000000000000..a774d8273e270b93887ef2e74172f02176ebfecb
--- /dev/null
+++ b/reuters/test/19229
@@ -0,0 +1,5 @@
+FED SETS SIX-DAY SYSTEM REPURCHASES, FED SAYS
+
+  FED SETS SIX-DAY SYSTEM REPURCHASES, FED SAYS
+  
+
diff --git a/reuters/test/19237 b/reuters/test/19237
new file mode 100644
index 0000000000000000000000000000000000000000..98d6d9cc4128dbf2824971587afcde6d07ea3e4f
--- /dev/null
+++ b/reuters/test/19237
@@ -0,0 +1,12 @@
+FED SETS SIX-DAY SYSTEM REPURCHASES
+  The Federal Reserve entered the
+  government securities market to arrange six-day repurchase
+  agreements for system account, a spokeswoman for the New York
+  Fed said.
+      Fed funds were trading at 6-3/4 pct at the time of the
+  direct injection of temporary reserves, dealers said.
+      Economists had expected three- or six-day repurchases
+  because the Fed needs to add a large volume of reserves this
+  statement period.
+  
+
diff --git a/reuters/test/19238 b/reuters/test/19238
new file mode 100644
index 0000000000000000000000000000000000000000..d36715d5f70965ca1b23d2ce5c82e497f09a9f34
--- /dev/null
+++ b/reuters/test/19238
@@ -0,0 +1,13 @@
+RHINE BLOCKED FOR THREE MORE WEEKS - SALVAGER
+  Dutch salvage firm Smit-Tak said it
+  may take some three weeks to lift the Swiss tug Orinoko and its
+  lighter Pavo which sank 10 days ago at Karlsruhe in West
+  Germany, blocking the Rhine river.
+      Smit-Tak, which with its West German subsidiary Harms
+  Bergung GmbH was commissioned by the local water authorities to
+  raise the vessels, said its lifting fleet was in position and
+  divers had made the first inspection.
+      Smit is still preparing its final salvage plan and said the
+  work would begin on Sunday.
+  
+
diff --git a/reuters/test/19240 b/reuters/test/19240
new file mode 100644
index 0000000000000000000000000000000000000000..0011107b4cc5e844de60c8431d52aa80a7444b61
--- /dev/null
+++ b/reuters/test/19240
@@ -0,0 +1,9 @@
+STIFEL FINANCIAL SAID IT RECEIVED UNSOLICITED MERGER
+PROPOSAL
+
+
+  STIFEL FINANCIAL SAID IT RECEIVED UNSOLICITED MERGER
+  PROPOSAL
+  
+  
+
diff --git a/reuters/test/19241 b/reuters/test/19241
new file mode 100644
index 0000000000000000000000000000000000000000..3f08431906ef02ec16cebd46d1993d9d16916691
--- /dev/null
+++ b/reuters/test/19241
@@ -0,0 +1,36 @@
+HARCOURT <HBJ> MUM ON REED <REED.L> RUMORS
+  Harcourt Brace Jovanovich Inc officials
+  were not available for comment on market rumors that it is
+  interested in acquiring Reed International plc <REED.L>.
+      Officials of First Boston Inc, Harcourt's financial
+  adviser, declined comment.
+      A Wall Street arbitrageur, who owns Harcourt shares, said
+  the rumors did not make much sense because Harcourt has
+  announced a recapitalization plan to ward off a takeover
+  attempt by British publisher Robert Maxwell."It's completely
+  inconsistent with the recapitalization, the only way is if they
+  drop the recapitalization," he said.
+      Calls to Harcourt seeking comment were not returned.
+      Harcourt's recapitalization will come under scrutiny of a
+  U.S. Court in Orlando, Fla. Monday. The company has sought a
+  declaratory judgment on convertibility of debentures due 2011
+  in light of the recapitalization.
+      Harcourt said in a statement this week that Salomon
+  Brothers Inc <SB> and Mutual Shares Corp have intervened in the
+  case, claiming ownership of more than 30 mln dlrs face amount
+  of the debenture. In addition, British Printing and
+  Communications Corp, headed by Maxwell, owns 9.5 mln dlrs face
+  amount, Harcourt said.
+      Salomon said in a filing with the Securities and Exchange
+  Commission today that it has 21,978 of the debentures. If the
+  court decides they should be converted at par value of one dlr,
+  they could be converted into 22.0 mln shares.
+      Harcourt is asking the court to rule the company is not
+  required to issue common to debenture holders who did not
+  convert prior to June eight.
+      An increase in Reed shares in London today was attributed
+  by brokers to rumors of Harcourt's interest and also to rumors
+  that Maxwell might be a buyer. But an adviser to Maxwell in New
+  York said "there's no basis to think that it's us."
+  
+
diff --git a/reuters/test/19254 b/reuters/test/19254
new file mode 100644
index 0000000000000000000000000000000000000000..9be818ea8fb70c6efbe16096534d3e9c765a981b
--- /dev/null
+++ b/reuters/test/19254
@@ -0,0 +1,13 @@
+NEW ENGLAND ELECTRIC SYSTEM <NES> FIVE MTHS NET
+  Five mths end may 31
+      Shr 1.37 dlrs vs 1.38 dlrs
+      Net 75.2 mln vs 73.6 mln
+      Revs 632.3 mln vs 629.6 mln
+      Avg shrs 54.9 mln vs 53.4 mln
+      12 mths
+      Shr 3.19 dlrs vs 3.13 dlrs
+      Net 173.6 mln vs 165.1 mln
+      Revs 1.43 billion vs 1.47 billion
+      Avg shrs 54.4 mln vs 52.8 mln
+  
+
diff --git a/reuters/test/19255 b/reuters/test/19255
new file mode 100644
index 0000000000000000000000000000000000000000..3214a68e3cd926c05b5eaca985f1230cee2d2e6b
--- /dev/null
+++ b/reuters/test/19255
@@ -0,0 +1,30 @@
+MINNESOTA MAY CONSIDER ANTI-TAKEOVER AMENDMENT
+  Minnesota Governor Rudy Perpich is
+  considering calling a special legislative session to consider
+  amendments to the state's anti-takeover statute, according to
+  the governor's office.
+      A spokesman for the governor said nothing will be decided
+  today, but said the governor will evaluate later whether to
+  call a special session in the next few days.
+     The governor's office said the possible action was triggered
+  by a proposal by Dayton-Hudson Corp <DH>, which has been the
+  subject of takeover rumors. A spokesman for the governor said
+  the company proposed several amendments to Perpich designed to
+  make any takeover attempt in the state
+  more difficult.
+         
+      Dayton-Hudson suggested amendments be passed and instituted
+  by next Friday, the spokesperson said.
+      Press reports in Minneapolis newspapers this morning quoted
+  several legislators as saying they were inclined to support
+  legislation that would help Dayton-Hudson, according to a
+  governor's spokesperson.
+     Senate Majority Leader Roger Moe was quoted as saying he
+  would be inclined to support any action that would help the
+  company, the spokesperson said.
+     Robert Vanasek, the House speaker designate, was quoted in
+  the Minneapolis Star and Tribune as saying, "We are taking
+  their (Dayton-Hudson) concerns very seriously and we are going
+  to do what we can to help."
+  
+
diff --git a/reuters/test/19256 b/reuters/test/19256
new file mode 100644
index 0000000000000000000000000000000000000000..ab72241b58d8553102057ce8bf9894d858bae882
--- /dev/null
+++ b/reuters/test/19256
@@ -0,0 +1,8 @@
+BOEING <BA> MERGER WAITING PERIOD EXPIRES
+  Boeing Co said the Hart-Scott-Rodino
+  waiting period required in connection with its pending tender
+  offer for ArgoSystems Inc <ARGI.O> expired at midnight June 18.
+      Boeing began its 37 dlr per share cash tender offer for the
+  defense electronics firm on June two.
+  
+
diff --git a/reuters/test/19258 b/reuters/test/19258
new file mode 100644
index 0000000000000000000000000000000000000000..22a4d70823327871f8b542bec3541a1b261d3d10
--- /dev/null
+++ b/reuters/test/19258
@@ -0,0 +1,10 @@
+MEGAVEST TO ACQUIRE COMPUTER TRADE DEVELOPMENT
+  <MegaVest Industries Inc> said it has
+  agreed in principle to acquire unlisted Computer Trade
+  Development Corp in exchange for 119 mln shares of its common
+  stock.
+      The company said it has about 21.5 mln shares outstanding.
+      It said Computer Trade had revenues of about 6.1 mln dlrs
+  last year.
+  
+
diff --git a/reuters/test/19262 b/reuters/test/19262
new file mode 100644
index 0000000000000000000000000000000000000000..c9be546f9d4fe293626fd26f7a2209edbb326346
--- /dev/null
+++ b/reuters/test/19262
@@ -0,0 +1,37 @@
+COLD, WET WEATHER SLOWS BEET GROWTH IN W. EUROPE
+  Cold and wet weather in northern,
+  western and central parts of Europe continued to slow beet
+  growth but plant density is reported to be good in most
+  countries, sugar statistician F.O. Licht said.
+      Temperatures were too low for the season and the rain has
+  hampered field work and occasionally led to water-logged
+  fields.
+      But in eastern and southeastern Europe, warmer weather has
+  boosted sugar beet growth.
+      Weather in the Soviet Union also allowed good beet
+  development, Licht said.
+      In Sweden beet growth has been delayed, although plant
+  population is reported to be regular and good. Cool and rainy
+  weather slowed beet growth in Denmark and crop prospects are
+  rated as slightly below normal.
+      In the United Kingdom and Ireland, it was rather cool with
+  heavy rainfall in places which has delayed beet growth.
+      In France, Belgium, the Netherlands, and West Germany, it
+  was mostly cool with frequent and often heavy rainfall which
+  continued to slow down beet growth and often made field work
+  impossible.
+      In Austria, it was warm with some rainfall, which was
+  favourable for beet growth, Licht said.
+      In Czechoslovakia and Poland, it was mostly warm, favouring
+  beet development. but some heavy rain may have caused damage.
+      In the European beet growing regions of the Soviet Union,
+  it was warm with showers over most areas and weather was
+  generally good for the emergence and growth of beets.
+      In south eastern Europe, warm weather with some rainfall
+  boosted beet development.
+      Labour trouble threatens the beet crop in Spain. Disputes
+  between the factories and the trade unions are threatening to
+  delay the start of processing in the southern areas, where
+  beets are maturing very early this year.
+  
+
diff --git a/reuters/test/19263 b/reuters/test/19263
new file mode 100644
index 0000000000000000000000000000000000000000..56091eb9a8bf790b3422a4064b2226a68cb8f03d
--- /dev/null
+++ b/reuters/test/19263
@@ -0,0 +1,13 @@
+FIRST <FBT> REITERATES SPECULATION PREMATURE
+  First City Bancorp of Texas Inc, which
+  is soliciting bidders, reiterated that it is premature to
+  speculate on what course of action it will pursue following a
+  story in today's Wall Street Journal that it has attracted at
+  least three potential acquirers.
+      First City said the article was not confirmed by the
+  company, and it cautioned that there is "absotluely nothing to
+  say or report beyond" its statement.
+      The Journal reported that among the bidders for First city
+  was Robert Carney and Robert Abboud, a former Chicago banker.
+  
+
diff --git a/reuters/test/19267 b/reuters/test/19267
new file mode 100644
index 0000000000000000000000000000000000000000..057e5fd3db392b1d11ed1d5bd3446235a71b4948
--- /dev/null
+++ b/reuters/test/19267
@@ -0,0 +1,10 @@
+CHANCELLOR CORP <CHCR.O> 4TH QTR MARCH 31 LOSS
+  Shr loss 20 cts vs loss three cts
+      Net loss 346,000 dlrs vs loss 26,000 dlrs
+      Revs 7,671,000 dlrs vs 4,775,000 dlrs
+      12 mths
+      Shr profit one dlr vs profit 2.19 dlrs
+      Net profit 2,927,000 dlrs vs profit 5,613,000 dlrs
+      Revs 40.9 mln vs 35.8 mln
+  
+
diff --git a/reuters/test/19269 b/reuters/test/19269
new file mode 100644
index 0000000000000000000000000000000000000000..fd278d35625e0161e2f37157960a072415e83e8b
--- /dev/null
+++ b/reuters/test/19269
@@ -0,0 +1,16 @@
+U.S. REFUSES PARTS OF TWO AUSTRALIA BEEF CARGOES
+  U.S. Agriculture Department
+  inspectors have refused entry to parts of two lots of
+  Australian beef because of pesticide residues, a spokeswoman
+  for the department said.
+      She said USDA has notified Australia, which assured it that
+  stricter controls would be implemented.
+      The Australian government had already imposed residue
+  controls and it is believed the meat with the presticide
+  residues was already in the pipeline before the controls were
+  put in place, the spokeswoman said.
+      There have been five other cases of Australian meat which
+  had residue levels above U.S. allowable limits this year, she
+  said.
+  
+
diff --git a/reuters/test/19270 b/reuters/test/19270
new file mode 100644
index 0000000000000000000000000000000000000000..2af376730f49e8f35bd81113eb560def7c654894
--- /dev/null
+++ b/reuters/test/19270
@@ -0,0 +1,13 @@
+CHEVRON <CHV> CUTS UNC <UNC> STAKE TO 8.4 PCT
+  Chevron Corp said it sold 4.6 mln
+  shares of UNC Inc common stock on June 15, leaving it with 1.4
+  mln UNC common shares, or 8.4 pct of the total.
+      In a filing with the Securities and Exchange Commission,
+  Chevron said it sold the shares for 11.88 dlrs each, or a total
+  of 54.6 mln dlrs, under an agreement it had with UNC.
+      The stock was sold to an underwriting syndicate managed by
+  Dillon, Read and Co Inc and Donaldson, Lufkin and Jenrette
+  Securities Corp, with the underwriters paying 38.3 mln dlrs and
+  UNC paying 16.4 mln, it said.
+  
+
diff --git a/reuters/test/19271 b/reuters/test/19271
new file mode 100644
index 0000000000000000000000000000000000000000..642d613fad9311291f1a56bdd27461733f208ac6
--- /dev/null
+++ b/reuters/test/19271
@@ -0,0 +1,9 @@
+N-D RESOURCES <NUDY.O> AGREES TO ACQUIRE ATOKA
+  N-D Resources Inc said it
+  agreed in principle to issue an undetermined number of shares
+  to Recovery Resources Corp, Bahrain, in order to acquire
+  Recovery's Atoka Gas Gathering Systems Inc.
+      Atoka currently operates a 20-mile natural gas pipeline of
+  46 miles in length in southeastern Oklahoma.
+  
+
diff --git a/reuters/test/19272 b/reuters/test/19272
new file mode 100644
index 0000000000000000000000000000000000000000..427a867595fb41c2e513d737f6fe548dff57751b
--- /dev/null
+++ b/reuters/test/19272
@@ -0,0 +1,15 @@
+SAFEWAY AGREES TO SEVERANCE FOR DALLAS WORKERS
+  The United Food and Commercial
+  Workers Union said unlisted Safeway Inc has agreed to provide
+  severance pay to about 5,000 workers in the Dallas area
+  resulting from the closure of a division last April.
+      The union said the total severance payment will be about
+  five mln dlrs. It said the division was closed as a result of
+  4.6 billion dlrs in debt incurred from a leveraged buyout last
+  year.
+      The union said it filed suit following the leveraged buyout
+  to protect the claims of union members.
+      The leveraged buyout was implemented to ward off a bid by
+  Dart Group Corp <DARTA.O>.
+  
+
diff --git a/reuters/test/19273 b/reuters/test/19273
new file mode 100644
index 0000000000000000000000000000000000000000..e0c8cd0baa70542d816b141ab525b985a0907f45
--- /dev/null
+++ b/reuters/test/19273
@@ -0,0 +1,22 @@
+AFRICAN STATES AGREE TO REGIONAL TARIFF CUTS
+  Fifteen countries in Eastern and
+  Southern Africa have agreed to cut tariffs on regional trade by
+  10 pct every two years up to 1996.
+      A statement by the Preferential Trade Area (PTA), which
+  seeks to create a common market stretching from Ethiopia in the
+  north to Lesotho in the south, said the governments would make
+  the first tariff cut next year.
+      In 1996 they would assess the impact of the tariff
+  reductions and work out a new timetable for the complete
+  elimination of all barriers to trade by the year 2000.
+      The PTA, set up in 1982, groups Burnudi, the Comoros,
+  Djibouti, Ethiopia, Kenya, Lesotho, Malawi, Mauritius, Rwanda,
+  Somalia, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe.
+      PTA sources said the agreement averted a split between
+  members wanting more progress towards free trade and weaker
+  states concerned about the effects on customs revenue.
+      The reductions cover only a common list of 300 or so widely
+  traded commodities and goods but PTA sources said the
+  organisation planned to expand the list to include 425 items.
+  
+
diff --git a/reuters/test/19275 b/reuters/test/19275
new file mode 100644
index 0000000000000000000000000000000000000000..913cab3bb328a44081235483ae36111127a6d140
--- /dev/null
+++ b/reuters/test/19275
@@ -0,0 +1,16 @@
+SASKATCHEWAN CROPS DETERIORATE IN HOT WEATHER
+  Hot, dry weather has caused some
+  deterioration in Saskatchewan crops, according to the
+  Saskatchewan Wheat Pool's weekly crop report.
+      Rain was needed in the southwest, west-central and
+  northeast regions, and other regions were expected to need rain
+  soon.
+      Summerfallow crops were in fair to good condition, while
+  stubble crops were rated fair to poor. Wheat, durum, oats and
+  barley crops were all one-pct headed, rye was 40 pct in the
+  milk stage and winter wheat was 21 pct milk stage.
+      Flax was 51 pct tillering, and canola was 58 pct tillering.
+      Areas of the southern grain belt were hit by high winds and
+  hail Tuesday, with some damage reported.
+  
+
diff --git a/reuters/test/19277 b/reuters/test/19277
new file mode 100644
index 0000000000000000000000000000000000000000..51274699835ec05d8639d0be7b3a7a3f8dbd98d1
--- /dev/null
+++ b/reuters/test/19277
@@ -0,0 +1,7 @@
+JAPAN BUYS 8,000 TONNES OF CANADIAN RAPESEED
+  Japanese crushers bought 8,000 tonnes
+  of Canadian rapeseed for shipment from the last-half of July to
+  September, trade sources said.
+      Price details were not available.
+  
+
diff --git a/reuters/test/19280 b/reuters/test/19280
new file mode 100644
index 0000000000000000000000000000000000000000..885951beaa5903d812f7a5d3ccd9c34c7f607f45
--- /dev/null
+++ b/reuters/test/19280
@@ -0,0 +1,14 @@
+GALAXY <GTV> TO SELL WEST TEXAS ASSETS
+  Galaxy Cablevision L.P. said it
+  signed a letter of intent to sell the assets of its cable
+  television systems in West Texas which serve about 4,600 basic
+  subscribers through nine cable television systems.
+      Terms were not disclosed and the Galaxy did not identify
+  the buyer. The company also said it will make its first cash
+  dividend of 37 cents per unit on or about August 15 to holders
+  of record June 30.
+      In March, Galaxy completed a public offering of 2.2 mln
+  units for 43 mln dlrs and acquired the assets of 132 cable
+  television systems for about 34 mln dlrs.
+  
+
diff --git a/reuters/test/19281 b/reuters/test/19281
new file mode 100644
index 0000000000000000000000000000000000000000..ff2a79ced04d5927925e502303613748542f0625
--- /dev/null
+++ b/reuters/test/19281
@@ -0,0 +1,7 @@
+NORTH AMERICAN COMMUNICATIONS WEIGHS POSSIBLE SALE OR
+MERGER
+
+  NORTH AMERICAN COMMUNICATIONS WEIGHS POSSIBLE SALE OR
+  MERGER
+  
+
diff --git a/reuters/test/19283 b/reuters/test/19283
new file mode 100644
index 0000000000000000000000000000000000000000..c60832aa8a573aec29df85431c853bad574e2b2a
--- /dev/null
+++ b/reuters/test/19283
@@ -0,0 +1,18 @@
+STIFEL FINANCIAL <SF> RECEIVES MERGER PROPOSAL
+  Stifel Financial Corp said it
+  received an unsolicited merger proposal from privately held
+  Laidlaw Adams and Peck Inc for 15 dlrs a share in cash for all
+  its outstanding shares.
+      The proposal, which expires July 1, values Stifel at about
+  54 mln dlrs.
+      Stifel has about 3.6 mln shares outstanding.
+      The company said its management and board of directors will
+  consider the proposal but have not set a date to meet.
+      It said the proposal is currently being studied by Goldman
+  Sachs and Co and legal counsel.
+      It said conditions of the proposal include obtaining
+  necessary financing, satisfactory completion of a due diligence
+  investigation by Laidlaw, and execution of employment contracts
+  with key employees to be designated by Laidlaw.
+  
+
diff --git a/reuters/test/19284 b/reuters/test/19284
new file mode 100644
index 0000000000000000000000000000000000000000..b77db23161ce8cebe2dd3ad4416f21e5de5c41a4
--- /dev/null
+++ b/reuters/test/19284
@@ -0,0 +1,7 @@
+CANADIAN MONEY SUPPLY M-1 FELL 430 MLN DLRS IN WEEK, BANK
+OF CANADA SAID
+
+  CANADIAN MONEY SUPPLY M-1 FELL 430 MLN DLRS IN WEEK, BANK
+  OF CANADA SAID
+  
+
diff --git a/reuters/test/19285 b/reuters/test/19285
new file mode 100644
index 0000000000000000000000000000000000000000..0e57a33e766954d4c5dd57cc1ce2c15b921a0b6d
--- /dev/null
+++ b/reuters/test/19285
@@ -0,0 +1,79 @@
+U.S. OIL PRICES STRONG AHEAD OF OPEC MEETING
+  U.S. crude oil prices are at their
+  highest level in more than a year ahead of next week's OPEC
+  meeting, even though most industry analysts do not expect any
+  policy changes from the session.
+      They said prices, which have steadily climbed since the
+  organization's accord in December, have risen on technical
+  factors within the market and concerns about supplies because
+  of the Iran-Iraq war, which could disrupt deliveries from the
+  Gulf.
+      The U.S. benchmark crude West Texas Intermediate is trading
+  around 20.55 dlrs in the July contract on New York Mercantile
+  Exchange's energy futures and in the spot market. That is its
+  highest level since January 1986.
+      OPEC conference president Rilwanu Lukman, who is Nigeria's
+  oil minister, said Friday he expects the meeting in Vienna to
+  be brief and calm and that OPEC's current price and production
+  agreement may only need a slight review.
+      Although most industry experts expect just a reaffirmation
+  of the December agreement, oil prices continue to climb due to
+  a desire to hedge positions in case of any surprises.
+      Analysts expect the higher prices to continue until soon
+  after the OPEC meeting. At that point, barring any increased
+  tension in the Gulf or changes in OPEC's policies, prices
+  should begin easing.
+      "OPEC will probably not do anything it hasn't already agreed
+  to in December because oil prices are firm," said John Hill, a
+  vice president at Merrill Lynch Futures.
+      OPEC agreed in December to maintain official oil prices at
+  18 dlrs a barrel and raise the group's production ceiling to
+  16.6 mln barrels per day in the third quarter and to 18.3 mln
+  barrels in the fourth quarter.
+      This agreement helped send prices sharply higher, rising
+  from 15 dlrs a barrel in early December.
+      Several OPEC members who are price hawks, including Iran,
+  Algeria and Libya, will seek a higher official price and a
+  reduction in output.
+      "And if U.S. West Texas Intermediate crude continues to
+  trade above 20 dlrs a barrel, there is a greater chance that
+  OPEC will raise its official 18 dlrs price," said Nauman
+  Barakat, analyst at Smith Barney, Harris Upham and Co.
+      But most analysts expect the more moderate producers, such
+  as Saudi Arabia, to block any changes in policy.
+      "The meeting will be a non-event with no change in the
+  official prices because OPEC, and in particular the Saudis, are
+  committed to stabilizing the market," said Rosario Ilacqua,
+  analyst with L.F. Rothschild.
+      However, some analysts said OPEC may need to hold a meeting
+  in September to re-evaluate market conditions.
+      Overproduction by OPEC will become a real problem in the
+  fourth quarter when the quota is raised to 18.3 mln barrels a
+  day and Iraq's pipeline through Turkey brings another 500,000
+  barrels to the market each day, said John Lichtblau, president
+  of Petroleum Industry Ressearch Foundation.
+      Most expect Saudi Arabia to oppose a price increase at this
+  meeting but many look for an increase by year-end to 20 dlrs to
+  offset the decline in the dollar. Oil prices are denominated
+  throughout the world in dollars, so as the currency declines,
+  producers receive less money for their oil.
+      "The only real production restraint in OPEC is Saudi Arabia,"
+  said Sanford Margoshes, analyst at Shearson Lehman Brothers.
+      "In the second half of the year we expect the Saudis not to
+  produce at their 4.1 mln barrel a day quota and therefore act
+  as a vehicle to stablize the market and pave the way for a two
+  dlrs a barrel price increase at the December 1987 meeting," he
+  said.
+      One uncertain factor is the course of the Iran-Iraq war.
+      "The wild card is the increased tensions in the Persian
+  Gulf," said Frank Knuettel, analyst with Prudential-Bache
+  Securites.
+      Oil tankers taking oil from Iraq and Kuwait have been
+  regular targets for Iranian planes. The Reagan administration
+  is planning to put Kuwait tankers under the protection of the
+  U.S. flag, with naval escorts.
+      "Extra (oil) inventories are needed during a time of crisis
+  like this, and just general nervousness over an incident that
+  could disrupt oil supplies drives prices up," Knuettel said.
+  
+
diff --git a/reuters/test/19286 b/reuters/test/19286
new file mode 100644
index 0000000000000000000000000000000000000000..555fbf4a5809727c099f3cb85ce700b25d05675e
--- /dev/null
+++ b/reuters/test/19286
@@ -0,0 +1,13 @@
+N.Y. TIMES <NYT> TO BUY GWINNETT DAILY NEWS
+  The New York Times Co said it had an
+  agreement to buy the Gwinnett Daily News, an evening newspaper
+  published in Lawrenceville, Ga., Terms were not disclosed.
+      The company said Gwinnett has a weekday circulation of
+  about 27,500 and a Sunday circulation of about 30,900. The New
+  York Times also said Gwinnett County, a northeast suburb of
+  Atlanta, is the fastest-growing county in the country.
+      The purchase agreement includes the Forsyth County News,
+  published on Wednesday and Sunday and the Winder News, a
+  weekly, among other publications.
+  
+
diff --git a/reuters/test/19290 b/reuters/test/19290
new file mode 100644
index 0000000000000000000000000000000000000000..60c105fdcadcaeb9e242983b8a529b6964b7caaf
--- /dev/null
+++ b/reuters/test/19290
@@ -0,0 +1,12 @@
+REED SAYS IT HAS NO COMMENT ON HARCOURT RUMOURS
+  Reed International Plc <REED.L> said it
+  had no comment to make on U.K. stock market rumors that
+  Harcourt Brace Jovanovich Inc <HBJ> may make a bid for the
+  company in order to escape unwelcome offers from Robert
+  Maxwell's British Printing and Communication Corp <BPCL.L>.
+      A spokeswoman for Reed said earlier analysts forecasts that
+  a bid for Reed will have to be about 700 mln stg were totally
+  unrealistic, adding that its current market is about 2.7
+  billion stg.
+  
+
diff --git a/reuters/test/19291 b/reuters/test/19291
new file mode 100644
index 0000000000000000000000000000000000000000..b07da8c6356032778acc520cc725b683af20501f
--- /dev/null
+++ b/reuters/test/19291
@@ -0,0 +1,25 @@
+UNOCAL<UCL> SCRAPS FLUIDIZED BED BOILER PROJECT
+  Unocal Corp said it told the U.S.
+  Treasury Department that it will not include fluidized bed
+  combustion technology, a method for the more efficient burning
+  of solids, at its Parachute Creek oil shale project in Colorado
+  due to high costs.
+      Under a 1985 agreement with the now-defunct U.S. Synthetic
+  Fuels Corp, Unocal said it would study using the technology at
+  the oil shale plant. In return the company would have been
+  eligible for 500 mln dlrs in loan gaurantees and price supports
+  from the U.S. Treasury Department, which took over the contract
+  from the Synthetic Fuels Corp, Unocal said.
+      Unocal said its studies showed the cost for the fluidized
+  bed combustion facility would have exceeded 352 mln dlrs,
+  compared with an original estimate of 260 mln dlrs.
+      The fluidized bed facility would have provided heat and
+  electricity for the oil shale project, Unocal said.
+      Last year's fall in oil prices and the loss of investment
+  tax credit under the Tax Reform Act made the project
+  uneconomical even with government price supports and loan
+  guarantees, Unocal said.
+      The Parachute Creek oil shale plant produces about 4,000 to
+  5,000 barrels per day of crude shale oil, Unocal said.
+  
+
diff --git a/reuters/test/19293 b/reuters/test/19293
new file mode 100644
index 0000000000000000000000000000000000000000..d62e2363bd536dd7446e1ecabc0a07ab26f41075
--- /dev/null
+++ b/reuters/test/19293
@@ -0,0 +1,10 @@
+CIVIL SERVICE STRIKE DELAYS U.K. TRADE FIGURES
+  Civil service industrial action started
+  early this month will delay the publication of May's U.K.
+  Overseas trade figures, which had been due out next Thursday, a
+  Trade and Industry Department statement said.
+      A department spokesman said the figures will probably be
+  put back by about a month. The June trade figures, due in late
+  July, will also be delayed, he added.
+  
+
diff --git a/reuters/test/19294 b/reuters/test/19294
new file mode 100644
index 0000000000000000000000000000000000000000..7f1865581df7f9c70706043b32ba5f823ec1dbc7
--- /dev/null
+++ b/reuters/test/19294
@@ -0,0 +1,28 @@
+CANADIAN MONEY SUPPLY FALLS IN WEEK
+  Canadian narrowly-defined money supply
+  M-1 fell 430 mln dlrs to 35.65 billion dlrs in week ended June
+  10, Bank of Canada said.
+      M-1-A, which is M-1 plus daily interest chequable and
+  non-personal deposits, fell 874 mln dlrs to 79.97 billion dlrs
+  and M-2, which is M-1-A plus other notice and personal
+  fixed-term deposits, fell 952 mln dlrs to 184.45 billion dlrs.
+      M-3, which is non-personal fixed term deposits and foreign
+  currency deposits of residents booked at chartered banks in
+  Canada, fell 549 mln dlrs to 225.30 billion dlrs.
+      Chartered bank general loans outstanding fell 584 mln dlrs
+  to 127.58 billion dlrs.
+      Canadian liquid plus short term assets rose 20 mln dlrs to
+  37.96 billion dlrs and total Canadian dollar major assets of
+  the chartered banks fell 753 mln dlrs to 229.05 billion dlrs.
+      Chartered bank net foreign currency assets fell 92 mln dlrs
+  to minus 1.92 billion dlrs.
+      Notes in circulation totalled 17.11 billion dlrs, up 59 mln
+  dlrs from the week before.
+      Government cash balances rose 26 mln dlrs to 2.65 billion
+  dlrs in week ended June 17.
+      Government securities outstanding fell 424 mln dlrs to
+  227.38 billion dlrs in week ended June 17, treasury bills rose
+  700 mln dlrs to 78.00 billion dlrs and Canada Savings Bonds
+  fell 121 mln dlrs to 42.45 billion dlrs.
+  
+
diff --git a/reuters/test/19295 b/reuters/test/19295
new file mode 100644
index 0000000000000000000000000000000000000000..4893f6cb5a4925aa7340ca1c67449e1edded5b70
--- /dev/null
+++ b/reuters/test/19295
@@ -0,0 +1,30 @@
+PLATINUM DEMAND ESTIMATED 17 PCT HIGHER BY 1991
+  Demand for platinum could reach 3.4 mln
+  ounces by 1991, compared with an estimated offtake of 2.88 mln
+  in 1986, Chris Clark, platinum marketing director for Johnson
+  Matthey Plc said.
+      Clark told a meeting of the Minerals Research Organisation
+  in Milton Keynes he foresaw a 250,000 ounce increase in
+  consumption for use in autocatalysts, currently the largest
+  single application for platinum.
+      Jewellery consumption is set to rise by 70,000 ounces,
+  Clark predicted in his speech, the text of which was released
+  in London today.
+      Clark said his forecast allowed for only a modest further
+  increase in investment buying and may well be cautious.
+      He said South Africa was the most likely source of
+  additional supplies and will need to increase output by about
+  500,000 ounces to meet increased demand.
+      The capital investment required to produce the additional
+  output would be around one billion U.S. Dlrs and the political
+  climate may make it difficult to raise the money, he said.
+      The Soviet Union, whose exports have declined since the
+  1970s, might increase sales to the West by about 50,000 ounces,
+  Clark said.
+      "The very probability of a growth in demand set against the
+  massive investment required for expansion - and that expansion
+  only being viable in South Africa or Russia - leads me to
+  conclude that the price of platinum will be substantially
+  underpinned in the medium to long-term," Clark said.
+  
+
diff --git a/reuters/test/19297 b/reuters/test/19297
new file mode 100644
index 0000000000000000000000000000000000000000..edb154f0f966364d1c4da69f93d0aac499b9f440
--- /dev/null
+++ b/reuters/test/19297
@@ -0,0 +1,9 @@
+METRO AIRLINES <MAIR.O> TO MAKE ACQUISITION
+  Metro Airlines Inc said it has agreed in
+  principle to acquire privately held Chaparral Airlines inc for
+  5,700,000 dlrs in cash.
+      Chaparral provides regularly scheduled service out of
+  Dallas/Fort Worth Regional Airport as an affiliated carrier of
+  AMR Corp <AMR> and had revenues in 1986 of 14.1 mln dlrs.
+  
+
diff --git a/reuters/test/19304 b/reuters/test/19304
new file mode 100644
index 0000000000000000000000000000000000000000..31a5d7c35011405fea81af314743bcdf72a9c219
--- /dev/null
+++ b/reuters/test/19304
@@ -0,0 +1,11 @@
+TELCO SYSTEMS INC <TELC.O> 3RD QTR MAY 31 LOSS
+  Shr loss 46 cts vs loss five cts
+      Net loss 3,922,000 vs loss 420,000
+      Sales 16.0 mln vs 23.9 mln
+      Avg shrs 8,567,000 vs 8,458,000
+      Nine mths
+      Shr loss 1.02 dlrs vs profit 35 cts
+      Net loss 8,685,000 vs profit 2,978,000
+      Avg shrs 8,547,000 vs 8,437,000
+  
+
diff --git a/reuters/test/19307 b/reuters/test/19307
new file mode 100644
index 0000000000000000000000000000000000000000..336768b9002e23c9752c9abe15c715b98d0c54c4
--- /dev/null
+++ b/reuters/test/19307
@@ -0,0 +1,12 @@
+ALTUS BANK <ALTS.O> FAILS TO REACH AGREEMENT
+  Altus Bank said it has not been
+  able to reach a definitive agreement to buy Horizon Financial
+  Corp, Horizon Funding and 2.8 billion dlrs in loan servicing
+  from Victor Savings and Loan Association.
+      Altus, formerly known as First Southern Federal Savings and
+  Loan Association, earlier announced the signing of a letter of
+  intent to make the acquisitions.
+      Horizon Financial and Horizon Funding both are units of
+  Victor Savings and Loan Association.
+  
+
diff --git a/reuters/test/19308 b/reuters/test/19308
new file mode 100644
index 0000000000000000000000000000000000000000..c5727a4882cff889b56b45b089651e2d98bb0768
--- /dev/null
+++ b/reuters/test/19308
@@ -0,0 +1,7 @@
+MARS GRAPHIC SERVICES INC <WMD> 1ST QTR MAY 31
+  Shr 12 cts vs 10 cts
+      Net 189,578 vs 100,254
+      Sales 3,403,914 vs 3,122,983
+      Avg shrs 1,617,600 vs 954,400
+  
+
diff --git a/reuters/test/19312 b/reuters/test/19312
new file mode 100644
index 0000000000000000000000000000000000000000..37b1015f8687a9fee5aba50e998e139ab9351437
--- /dev/null
+++ b/reuters/test/19312
@@ -0,0 +1,13 @@
+MARCADE GROUP INC <MAR> BUYS EUROPE CRAFT
+  Marcade Group said it had agreed to buy
+  Europe Craft Imports Inc for a combination of cash and common
+  stock.
+      The company said Europe Craft designs, imports and
+  distributes menswear and sportswear under the Member's Only
+  brand name.
+      The company said Europe Craft had sales of 70 mln dlrs last
+  year.
+      Marcade said this latest deal is part of an ongoing
+  acquisition phase.
+  
+
diff --git a/reuters/test/19318 b/reuters/test/19318
new file mode 100644
index 0000000000000000000000000000000000000000..d9bf0faadca94e8d5aab18486792e6e4320ebf0f
--- /dev/null
+++ b/reuters/test/19318
@@ -0,0 +1,46 @@
+EUROPEAN COFFEE TRADE PROPOSES NEW QUOTA FORMULA
+  European coffee roasters and traders
+  have agreed to propose a new formula for calculating
+  International Coffee Organization, ICO, quotas, Dutch Coffee
+  Trade Association chairman chairman Frits van Horick said.
+      Van Horick, who is a council member of the European Coffee
+  Federation, was speaking at the end of the ECF annual meeting.
+      The new formula is based on six-year moving averages and
+  would give Brazil, the world's biggest coffee producer, an
+  unchanged quota for the remaining two years of the current
+  coffee agreement, van Horick said.
+      If accepted by the consumer and producer members of the
+  ICO, the formula could also be a basis for negotiating a new
+  agreement, van Horick said.
+      Coffee quotas were suspended in February last year when
+  prices shot up on fears of a drought-induced crop disaster in
+  Brazil.
+      Although prices are now considerably lower, consumers and
+  producers have been unable to agree on re-introduction.
+      "Brazil has been the most strongly against any change in the
+  formula because it feared a lower quota. But our proposal
+  leaves it very little to object to," van Horick said.
+      "The existing quota system is far too rigid and does not
+  reflect supply and demand reality," he said. "Our formula
+  builds flexibility into the system and will benefit almost
+  everyone."
+      Although full implications of the new formula have still to
+  be worked out, initial estimates suggest countries such as
+  Colombia, Kenya, Indonesia and Costa Rica would get slightly
+  higher quotas, while others such as the Ivory Coast, El
+  Salvador and Nicaragua would lose quota share, van Horick said.
+      Because the proposal provides that future quota
+  distribution must reflect current demand and actual supply, it
+  should also prevent under-shipment of quota as countries doing
+  so would automatically prejudice their following year's quota.
+      "If the ICO consumers accept our proposal it stands at least
+  a fair chance of being accepted by the producers at the
+  September meeting, most of whom are generally in favour of a
+  new quota formula, " van Horick said.
+      At the same time much will depend on Brazil's attitude.
+      "Brazil is increasingly isolated on the producer side. If
+  there is no frost damage to its coffee crop over the next two
+  months and most other producers favour our proposal, we might
+  just get an agreement," van Horick added.
+  
+
diff --git a/reuters/test/19322 b/reuters/test/19322
new file mode 100644
index 0000000000000000000000000000000000000000..6072d2df0057fbeb8d0c383a6e1012f5851d5045
--- /dev/null
+++ b/reuters/test/19322
@@ -0,0 +1,15 @@
+BRAZIL BUYS FRENCH WHEAT AT TENDER
+  Brazil has bought 75,000 tonnes
+  of French wheat at tender, a Brazilian Wheat Board spokesman
+  said.
+      He said the Board accepted offers for 25,000 tonnes of
+  wheat from grain firm J. Souffle at 80.49 dlrs per tonne Fob
+  for August shipment.
+      For September shipment, the Board bought 25,000 tonnes from
+  Graniere at 79.32 dlrs per tonne Fob, and for October shipment
+  it accepted 25,000 tonnes from Andre and Companie at 79.47 dlrs
+  per tonne Fob.
+      The next tender, for Aug/Sept/Oct shipment, was set for
+  June 24, the spokesman said.
+  
+
diff --git a/reuters/test/19325 b/reuters/test/19325
new file mode 100644
index 0000000000000000000000000000000000000000..c68521900906167f1c809fd77ec8baa48921039b
--- /dev/null
+++ b/reuters/test/19325
@@ -0,0 +1,13 @@
+N. AMERICAN COMMUNICATIONS <NACS.O> WEIGHS SALE
+  North American Communications Corp
+  said it is considering several options to maximize shareholder
+  value, including a possible sale, merger, corporate
+  restructuring, or leveraged buyout.
+      Trading in the company's stock was halted pending an
+  announcement.
+      The company, which owns and operates 47 cable television
+  systems in Minnesota and Wisconsin, said it retained
+  Communications Equity Associates as its financial adviser to
+  explore alternatives.
+  
+
diff --git a/reuters/test/19327 b/reuters/test/19327
new file mode 100644
index 0000000000000000000000000000000000000000..da7f1cfc113813c8c9444b982ae85d2eaf763e81
--- /dev/null
+++ b/reuters/test/19327
@@ -0,0 +1,7 @@
+MURPHY OIL SAID IT PROPOSING TO ACQUIRE REMAINING 23 PCT
+OF CANADIAN SUBSIDIARY
+
+  MURPHY OIL SAID IT PROPOSING TO ACQUIRE REMAINING 23 PCT
+  OF CANADIAN SUBSIDIARY
+  
+
diff --git a/reuters/test/19329 b/reuters/test/19329
new file mode 100644
index 0000000000000000000000000000000000000000..2d4a3a1049a2e536aaa3f1a56ad716dc5da4aae9
--- /dev/null
+++ b/reuters/test/19329
@@ -0,0 +1,8 @@
+ALCAN RAISES ALUMINUM PRICES TWO CENTS A LB
+  Alcan Aluminum Corp, a subsidiary of
+  Alcan Aluminium Ltd, said it increased its U.S. primary
+  aluminum prices by two cents a lb, effective yesterday.
+      The new prices are 72 cents a lb for ingot and 80 cents for
+  extrusion billet, the company said.
+  
+
diff --git a/reuters/test/19331 b/reuters/test/19331
new file mode 100644
index 0000000000000000000000000000000000000000..7e541d5a83f8d788ce1a290136ebceb7527ed1bc
--- /dev/null
+++ b/reuters/test/19331
@@ -0,0 +1,10 @@
+PRIMERICA <PA> COMPLETES SMITH BARNEY TAKEOVER
+  Primerica Corp said it
+  completed the previously announced acquisition of Smith Barney
+  Inc for 750 mln dlrs in cash.
+      Primerica, wh ich changed its name in April from American
+  Can Co, said Smith Barney, Harris Upham and Co Inc, wholly
+  owned by Smith Barney Inc, will add more than 100 domestic and
+  overseas branch offices.
+  
+
diff --git a/reuters/test/19334 b/reuters/test/19334
new file mode 100644
index 0000000000000000000000000000000000000000..da352a82dbf30d448054ddd01a58bc0e6498fece
--- /dev/null
+++ b/reuters/test/19334
@@ -0,0 +1,14 @@
+KING WORLD <KWP> HAS FINANCING FOR OFFER
+  King World Productions Inc said it will
+  finance the repurchase of up to 7,600,000 of its shares
+  announced earlier today through cash on hand and about 200 mln
+  dlrs of bank borrowings, for which it has received commitments
+  from First Chicago Corp <FNB> and Bank of New York <BK>.
+      The company today started a tender offer for up to
+  4,100,000 shares at 28 dlrs each and agreed to buy up to
+  3,485,085 more shares from members of the King family and
+  management, who together own a total of 13.9 mln shares.  All
+  the shares being repurchased amount to about 25 pct of King
+  World's stock.
+  
+
diff --git a/reuters/test/19341 b/reuters/test/19341
new file mode 100644
index 0000000000000000000000000000000000000000..917a2e0528a61bcd787f0c691d0fa5c133a2d400
--- /dev/null
+++ b/reuters/test/19341
@@ -0,0 +1,12 @@
+MURPHY OIL <MUR> TO ACQUIRE CANADIAN SUBSIDIARY
+  Murphy Oil Corp said its board
+  proposed a reorganization in which it would acquire the 23 pct
+  of common shares of its Canadian subsidiary not owned by the
+  parent.
+      Under the proposal, which would be undertaken as a
+  court-approved plan of arrangement, shareholders of Murphy Oil
+  Co Ltd of Calgary, Alberta, Canada, would be offered the option
+  to receive 31 dlrs (Canadian) a share cash or the equivalent
+  market value of common shares of the parent company.
+  
+
diff --git a/reuters/test/19343 b/reuters/test/19343
new file mode 100644
index 0000000000000000000000000000000000000000..7838cac5c81ea93c1121a39d0cb14a20ceb7d793
--- /dev/null
+++ b/reuters/test/19343
@@ -0,0 +1,11 @@
+INVESTOR SELLS 10 PCT RB <RBI> STAKE
+  Jeffrey Neuman, of Santa Monica,
+  Calif., told the Securities and Exchange Commission he sold his
+  entire RB Industries Inc stake of 341,210 shares, or 10.0 pct,
+  of the total outstanding.
+      Neuman, who transferred the stock nearly two years ago to
+  the Tudor Trust, of which he is trustee, said the trust sold
+  the entire stake in a private deal on June 9 at 11.00 dlrs a
+  share.
+  
+
diff --git a/reuters/test/19344 b/reuters/test/19344
new file mode 100644
index 0000000000000000000000000000000000000000..e1aa94199cd90f3a50e6a765f00166b479304999
--- /dev/null
+++ b/reuters/test/19344
@@ -0,0 +1,12 @@
+FORTUNE FIN'L <FORF.O> UNIT MAKES ACQUISITION
+  Fortune Financial Group Inc said
+  its Fortune Savings Bank acquired a Financial Security Savings
+  and Loan Association branch in Sunrise, Fla.
+      Terms were not disclosed.
+      The new Fortune Savings Bank office had about 40 mln dlrs
+  in deposits as of June 5.
+      Meanwhile, acquisition of Marine Savings and Loan
+  Association of Florida, with four offices in Naples, Fla, is
+  awaiting regulatory approval.
+  
+
diff --git a/reuters/test/19351 b/reuters/test/19351
new file mode 100644
index 0000000000000000000000000000000000000000..881d1573fdb7a724acdbf06755420eabe2075fa4
--- /dev/null
+++ b/reuters/test/19351
@@ -0,0 +1,24 @@
+GROUP HAS 5.1 PCT OF AMERICAN PHYSICIANS<AMPH.O>
+  A group led by Far Hills, N.J.,
+  investors Natalie and Paul Koether told the Securities and
+  Exchange Commission it has acquired 299,523 shares of American
+  Physicians Service Group Inc, or 5.1 pct of the total.
+      The Koether group said it bought the stock for 1.0 mln dlrs
+  for "capital appreciation" and may buy more.
+      The group also said Paul Koether met on June 8 with
+  management representatives for talks that included the
+  company's business, potential acquisitions for the company,
+  possible opportunities to expand the company and the
+  possibility of Koether being named to its board.
+      The group did not say whether the talks resulted in any
+  agreements.
+      As they have done in several SEC filings concerning other
+  companies in which they have had a stake, the Koethers said
+  they reserve the right "to take any actions which they deem
+  appropriate to maximize the value of the shares," but said they
+  have no current plans about taking any action.
+      While they may buy more American Physicians shares, the
+  Koethers also said they may decide to sell some or all of the
+  their stake in the company.
+  
+
diff --git a/reuters/test/19352 b/reuters/test/19352
new file mode 100644
index 0000000000000000000000000000000000000000..e229e4cabbddedfd7627b8709e0a5eccef5cc7c2
--- /dev/null
+++ b/reuters/test/19352
@@ -0,0 +1,9 @@
+BARCO DIRECTORS APPROVE BUYOUT OFFER FROM SENIOR
+MANAGEMENT
+ 
+
+  BARCO DIRECTORS APPROVE BUYOUT OFFER FROM SENIOR
+  MANAGEMENT
+   
+  
+
diff --git a/reuters/test/19356 b/reuters/test/19356
new file mode 100644
index 0000000000000000000000000000000000000000..13d5ae0e9db0c86fd4e7dcad1c28d111db914dbe
--- /dev/null
+++ b/reuters/test/19356
@@ -0,0 +1,5 @@
+IRWIN JACOBS SAYS HE HOLDS LESS THAN FIVE PCT OF GILLETTE
+
+  IRWIN JACOBS SAYS HE HOLDS LESS THAN FIVE PCT OF GILLETTE
+  
+
diff --git a/reuters/test/19357 b/reuters/test/19357
new file mode 100644
index 0000000000000000000000000000000000000000..5a950733a08983b14235338ac156a5e409103c51
--- /dev/null
+++ b/reuters/test/19357
@@ -0,0 +1,16 @@
+COSTCO WHOLESALE <COST.O> 3RD QTR MAY 11 NET
+  Oper shr two cts vs three cts
+      Oper net 529,000 vs 579,000
+      Sales 322.0 mln vs 173.8 mln
+      Nine mths
+      Oper shr six cts vs eight cts
+      Oper net 1,619,000 vs 1,700,000
+      Sales 875.1 mln vs 482.3 mln
+     
+      Note: oper data does not include extraordinary gains from
+  tax loss carryforwards of 291,000 dlrs, or one ct per shr, vs
+  316,000 dlrs, or one ct per shr in qtr and 890,000 dlrs, or
+  four cts per shr vs 992,000 dlrs, or four cts per shr in nine
+  mths.
+  
+
diff --git a/reuters/test/19358 b/reuters/test/19358
new file mode 100644
index 0000000000000000000000000000000000000000..cc40369ec88cc0d86552de26ffd18498845aed06
--- /dev/null
+++ b/reuters/test/19358
@@ -0,0 +1,9 @@
+ICCO buffer stock manager to buy 5,000
+tonnes cocoa Monday, June 22 - official
+
+
+  ICCO buffer stock manager to buy 5,000
+  tonnes cocoa Monday, June 22 - official
+  
+  
+
diff --git a/reuters/test/19359 b/reuters/test/19359
new file mode 100644
index 0000000000000000000000000000000000000000..7bad98d7258640047db90afb81ca6d8d4ab07abf
--- /dev/null
+++ b/reuters/test/19359
@@ -0,0 +1,7 @@
+SITHE TO RAISE ENERGY FACTORS <EFAC> STAKE
+  Sithe-Energies LP said it has signed
+  an agreement under which it will increase its interest in
+  Energy Factors Inc to 70.0 pct from 53.4 pct now by investing
+  100 mln dlrs in Energy Factors stock.
+  
+
diff --git a/reuters/test/19360 b/reuters/test/19360
new file mode 100644
index 0000000000000000000000000000000000000000..23d34a93a44bc285e2dcdf89f6d86d3e66b210c1
--- /dev/null
+++ b/reuters/test/19360
@@ -0,0 +1,13 @@
+BARCO <BRC> BOARD APPROVES LEVERAGED BUYOUT
+  Bacro of California said its
+  board approved an offer from its chairman Kenneth Donner and
+  President Michael Donner to purchase all the outstanding Barco
+  common shares at 5.05 dlrs per share in a leveraged
+  transaction.
+      The Donners currently own about 44 pct of the company's
+  outstanding shares, Barco said.
+      It also said vice chairman David Grutman and family
+  members, who own about 28 pct of Barco's shares, have agreed to
+  sell their stock for the offering price.
+  
+
diff --git a/reuters/test/19364 b/reuters/test/19364
new file mode 100644
index 0000000000000000000000000000000000000000..872bd212a56c9ee6c511d5fb45fe1043bfcb4be0
--- /dev/null
+++ b/reuters/test/19364
@@ -0,0 +1,18 @@
+IRWIN JACOBS HAS GILLETTE <GS> STAKE
+  Investor Irwin Jacobs said he has an
+  investment in Gillette Co amounting to less than five pct of
+  the consumer products company's stock.
+      Jacobs, who made his comment in response to an enquiry, did
+  not comment further.
+      Yesterday, Gillette rebuffed a takeover proposal from
+  Revlon Inc. Under an agreement between the two companies,
+  Revlon must have the permission of Gillette's board before
+  making an offer to shareholders. The board declined to grant
+  that permission.
+     
+      Gillette has been the topic of takeover speculation for
+  several weeks. Its stock has traded heavily, and arbitragers
+  said they believe Jacobs may not be the only investor who has a
+  sizeable position in the company.
+  
+
diff --git a/reuters/test/19365 b/reuters/test/19365
new file mode 100644
index 0000000000000000000000000000000000000000..5fabc55fddcb0509fb4e74958677cb8675daf850
--- /dev/null
+++ b/reuters/test/19365
@@ -0,0 +1,11 @@
+RAPITECH SYSTEMS INC <RPSY.O> 3RD QTR LOSS
+  April 30 end
+      Shr losses not given
+      Net loss 449,000 vs loss 155,000
+      Revs 84,000 vs 52,000
+      Nine mths
+      Shr losses not given
+      Net loss 810,000 vs loss 394,000
+      Revs 173,000 vs 144,000
+  
+
diff --git a/reuters/test/19367 b/reuters/test/19367
new file mode 100644
index 0000000000000000000000000000000000000000..a10c4168a38ce166540cf663c3e9daf6f98f6f22
--- /dev/null
+++ b/reuters/test/19367
@@ -0,0 +1,47 @@
+MALAYSIA TO RESEARCH TIN, WARY ON VEG OILS TAX
+  Malaysia is to urge fellow tin
+  producing countries to contribute more money towards research
+  into new uses for the metal, Malaysian primary industries
+  minister Lim Keng Yaik told Reuters in an interview.
+      Lim, in Brussels on a tour of Europe and America, said he
+  had instructed Malaysia's representatives on the executive
+  committee of the Association of Tin Producing Countries, ATPC,
+  to draw up a paper on the matter.
+      Lim earlier met European Community farm commissioner Frans
+  Andriessen and industry commissioner Karl-Heinz Narjes.
+      He said though it now appeared likely Commission proposals
+  for a tax on vegetable and marine oils and fats would be
+  defeated, he feared the Commission would revive the idea.
+      Lim noted Andriessen this week promised that if the tax was
+  adopted and third countries suffered export losses as a result,
+  they would be compensated through access to the EC for
+  alternative exports.
+      "Since most of our products are commodity based, I cannot
+  see how this would work out in our case," Lim said.
+      Malaysian palm oil exports to the EC are worth about 250
+  mln dlrs a year.
+      The tin research proposal would be presented at an ATPC
+  meeting to be held in Kuala Lumpur in September.
+      "Not enough research and development effort has been put in
+  by tin producers and we have been pushed out by substitutes
+  such as aluminium, paper and plastics," Lim said.
+      He mentioned the use of inorganic tin in pesticides as an
+  exciting possible new application.
+      Lim said he could not estimate the amount of extra money
+  which needed to be spent on research into new uses before the
+  new paper was produced.
+      He said Narjes told him there appeared no fundamental
+  barriers to EC states quickly ratifying the new International
+  Rubber Agreement, INRA, although translations of the accord
+  into some EC languages are still being awaited.
+      Lim, who will sign and ratify the agreement on Malaysia's
+  behalf when he visits New York during his current tour, said it
+  was important there should not be a long "interregnum" between
+  the old agreement lapsing in October and the new one coming
+  into force.
+      He described the present accord as a model for commodity
+  agreements due to its being signed by nearly all producing and
+  consuming countries and by virtue of its review systems and
+  control over buffer stock management.
+  
+
diff --git a/reuters/test/19368 b/reuters/test/19368
new file mode 100644
index 0000000000000000000000000000000000000000..3c20b626d17466ccb8d1aed00e86b0733fb6fe70
--- /dev/null
+++ b/reuters/test/19368
@@ -0,0 +1,14 @@
+VR <VRBB.O> CLOSES STOCK SALE TO VR ACQUISITION
+  VR Business Brokers Inc said it
+  closed the sale of a controlling interest in its comon and
+  preferred stock to VR Acquisition Corp, a Delaware corporation
+  controlled by an investment group led by C. Robin Relph of
+  London.
+      Under the agreement dated April 28, VR Business agreed to
+  sell 5,008,120 shares of common stock and 11,846 shares of 10
+  pct cumulative stock.
+      VR Business said it issued 3,964,000 shares of common stock
+  and 11,846 shares of preferred stock, with the remaining shares
+  of common to be listed within the next week to 10 days.
+  
+
diff --git a/reuters/test/19369 b/reuters/test/19369
new file mode 100644
index 0000000000000000000000000000000000000000..78efa20becb3d8f8e708305cbd1273c4c58ff39b
--- /dev/null
+++ b/reuters/test/19369
@@ -0,0 +1,13 @@
+MICROWAVE LABORATORIES INC <MWAV.O> 4TH QTR NET
+  April 30 end
+      Shr 12 cts vs eight cts
+      Net 316,655 vs 148,567
+      Sales 2,011,195 vs 1,422,719
+      Avg shrs 2,738,864 vs 1,881,296
+      Year
+      Shr 43 cts vs 49 cts
+      Net 1,006,356 vs 918,290
+      Sales 7,059,446 vs 5,441,408
+      Avg shrs 2,329,329 vs 1,881,296
+  
+
diff --git a/reuters/test/19371 b/reuters/test/19371
new file mode 100644
index 0000000000000000000000000000000000000000..1749a53df29c7c6c8e177e1fa596738cab0c6172
--- /dev/null
+++ b/reuters/test/19371
@@ -0,0 +1,13 @@
+WORLD BANK LOANS UGANDA 13 MLN DLRS
+  The World Bank said it has loaned
+  Uganda 13 mln dlrs through the International Development
+  Association (IDA), the bank's concessionary lending affiliate.
+      The IDA loan will support a project that hopes to preserve
+  the country's natural forests and meet its demand for wood
+  products by rehabilitating Uganda's forestry management agency,
+  the bank said.
+      It also said the project plans to increase the area and
+  management of protected forests, establish pilot wood farms and
+  nurseries, and rehabilitate soft wood plantations.
+  
+
diff --git a/reuters/test/19373 b/reuters/test/19373
new file mode 100644
index 0000000000000000000000000000000000000000..a933a6087af7186e9870f96e4ea4b97046a1baa4
--- /dev/null
+++ b/reuters/test/19373
@@ -0,0 +1,21 @@
+FAIRLY HECTIC WEEK IN RAW SUGAR, WOODHOUSE SAYS
+  It has been a fairly hectic trading week
+  in raw sugar with China paying market levels for nearby
+  shipments, London trader, Woodhouse, Drake and Carey, said in
+  its weekly report.
+      July shipment Thai raws traded to China early in the week
+  at fob levels equivalent to 20/25 points discount to July New
+  York futures, it said. Mid-week saw these same sales covered by
+  the trade at 10/15 points discount.
+      Enquiries for July/Sep 15 raw sugars then filtered in and
+  here again, traded values rose quickly from 13 points premium
+  to New York July up to 18, Woodhouse said.
+      In the Western Hemisphere, both Dominican Republic and
+  Mexican nearby raws were bid 15 points discount to July New
+  York and offered five points under, but in limited trading, it
+  said.
+      All the action of the past week has been in the Far East
+  raws market whereas the whites market saw little fresh prospect
+  of nearby offtake, Whitehouse added.
+  
+
diff --git a/reuters/test/19374 b/reuters/test/19374
new file mode 100644
index 0000000000000000000000000000000000000000..0660ae9d82a54e60fa3a66078e2cff550631b370
--- /dev/null
+++ b/reuters/test/19374
@@ -0,0 +1,10 @@
+PASSPORT TRAVEL INC <PPTI.O> 2ND QTR MAY 31 NET
+  Shr profit six cts vs loss one ct
+      Net profit 80,939 vs loss 12,808
+      Rev 7.0 mln vs 6.3 mln
+      Six months
+      Shr profit eight cts vs loss one ct
+      Net profit 101,345 vs loss 10,460
+      Rev 13.2 mln vs 12.5 mln
+  
+
diff --git a/reuters/test/19375 b/reuters/test/19375
new file mode 100644
index 0000000000000000000000000000000000000000..995262fdd22deb166349c1b095fb9e96ee706561
--- /dev/null
+++ b/reuters/test/19375
@@ -0,0 +1,9 @@
+SAVOY INDUSTRIES INC <SAVO.O> 1ST QTR LOSS
+  Oper shr loss 32 cts vs loss 17 cts
+      Oper net loss 2,999,000 vs loss 1,692,000
+      Sales 10.3 mln vs 11.5 mln
+      Avg shrs 9,517,000 vs 9,905,000
+      NOTE: 1986 Operating loss excludes profit of 3,688,000
+  dlrs, or 37 cts a share, from discontinued operations
+  
+
diff --git a/reuters/test/19377 b/reuters/test/19377
new file mode 100644
index 0000000000000000000000000000000000000000..0bddbdf8dbdc15b073691266777de92c67b7e7d8
--- /dev/null
+++ b/reuters/test/19377
@@ -0,0 +1,46 @@
+LATIN, CARIBBEAN NATIONS OPPOSE TRADE BILLS
+  A group of Latin American and
+  Caribbean nations formally opposed trade legislation pending in
+  Congress, saying it would curb their exports, slow development
+  and hinder its ability to repay foreign debt.
+      Mario Rodriguez Montero, president of an Organization of
+  American States special committee on trade, said he was aware
+  of the large U.S. trade deficit, but added "the region should
+  not be the one affected by the trade bills."
+      He said the causes of the deficit were the strong dollar
+  and the budget deficit, and "it is regrettable to solve it by a
+  trade bill that would only serve private U.S. interests."
+      Rodriguez made the comment at a news conference after two
+  days of meetings with U.S. officials on trade bills now in
+  Congress that are designed to reduce the U.S. trade deficit,
+  which last year hit a record 166.3 billion dlrs.
+      Congressional observers say the bills are aimed mainly at
+  Japan, Taiwan, South Korea and a few other nations with large,
+  annual trade surpluses with the United States.
+      Mexico, Brazil and Venezuela are the only Latin nations
+  with large trade surpluses last year with the United States,
+  but even Mexico, with the largest, had a surplus of only 5.2
+  billion dlrs, against Japan's of 58.6 billion dlrs.
+      The European Community has also opposed the bills.
+      Rodriguez said the Latin and Caribbean nations backed the
+  Reagan Administration's opposition to many of the sections in
+  the legislation, including those to curb imports and to require
+  retaliation for foreign unfair trade practices.
+      He told reporters the committee would likely mount a
+  campaign to fight the legislation when it comes up for debate
+  on the Senate floor, expected next week.
+      Rodriguez said "the region needs trade to continue
+  development.  We hope this need will not be affected negatively
+  by trade legislation."
+      Rodriguez said: "we need to keep the market opens -
+  especially the U.S. market - to obtain the necessary foreign
+  exchange not only to service the debt but also to continue
+  national development progress."
+      President Reagan has said he would veto any legislation he
+  termed "protectionist," and his aides now are mounting a effort
+  to water down some of the objectionable provisions in the
+  legislation.
+      Asked whether Reagan was ready to cast a veto, Rodriguez
+  said as yet "the administration is not in a veto frame of mind."
+  
+
diff --git a/reuters/test/19378 b/reuters/test/19378
new file mode 100644
index 0000000000000000000000000000000000000000..68fb5d6e4539316defb87b7d9d01541766397ef0
--- /dev/null
+++ b/reuters/test/19378
@@ -0,0 +1,23 @@
+REED INTL DENIES BID APPROACH
+  Reed International Plc <REED.L> denied
+  rumours on the U.K. Stock market that it was the target of a
+  takeover bid and said it had received no approach.
+      "In view of the increase in our share price today, I want to
+  make clear that we have not received any bid approaches," Reed's
+  chairman Leslie Carpenter said in a statement.
+      Rumours that U.S. Publisher Harcourt Brace Jovanovich Inc
+  <HBJ> might bid for Reed, a paper and printing company, pushed
+  Reed shares up 54p at 600p at one stage today before they eased
+  back to 564p at the close against a background of a widespread
+  decline in U.K. Equity prices.
+      Share market analysts said speculators were buying the
+  stock on belief that Harcourt would bid for Reed in an effort
+  to escape the unwelcome two billion dlr bid from Robert
+  Maxwell's British Printing and Communication Corp <BPCL.L>.
+      Such a move would have made Harcourt too big for BPCC to
+  take it over, analysts added.
+      They also said there was some speculation that if BPCC's
+  bid for Harcourt was unsuccessful, it could turn its attention
+  to Reed.
+  
+
diff --git a/reuters/test/19379 b/reuters/test/19379
new file mode 100644
index 0000000000000000000000000000000000000000..16c62f428a19167b1475e73434dc90525db6034d
--- /dev/null
+++ b/reuters/test/19379
@@ -0,0 +1,9 @@
+APPLIED DATA <ADCC.O> TO BUY DATELINE
+  Applied Data Communications said
+  it agreed to acquire privately-held Dateline Technology Inc of
+  Redmond, Wash., for an undisclosed amount of cash and stock.
+      Dateline Technology designs and sells high-capacity,
+  high-speed computer peripheral subsystems, primarily for data
+  storage, Applied Data said.
+  
+
diff --git a/reuters/test/19380 b/reuters/test/19380
new file mode 100644
index 0000000000000000000000000000000000000000..e22ecc66e3f1968bab36544cfed218574e4ca4be
--- /dev/null
+++ b/reuters/test/19380
@@ -0,0 +1,12 @@
+GULF AND WESTERN <GW> UPS INTEREST IN NETWORK
+  USA Network, today said it has acquired
+  Time Inc's <TL> one-third interest in the network.
+      The network, formerly a joint venture between Time, Gulf
+  and Western Inc and MCA Inc <MCA>, said that Gulf and Western
+  and MCA, who each previously held a one-third interest, now
+  will jointly own USA Network on a 50/50 basis.
+      Terms were not disclosed, USA Network said.
+      USA Network is an advertiser-supported, entertainment basic
+  cable network, reaching 39 mln homes on 8,500 cable systems.
+  
+
diff --git a/reuters/test/19381 b/reuters/test/19381
new file mode 100644
index 0000000000000000000000000000000000000000..d6bcdd228674c0f44c9e45a375e56eddd90c34f6
--- /dev/null
+++ b/reuters/test/19381
@@ -0,0 +1,14 @@
+TEKTRONIX <TEK> BEGINS DUTCH AUCTION TENDER
+  Tektronix Inc said it began its
+  previously announced Dutch Auction cash tender offer for up to
+  10 mln of its own common shares.
+      Under the terms of the offer the company will select a
+  single cash purchase price for the stock, based on the number
+  of shares tendered, not to exceed 40 dlrs per share or be lower
+  than 35 dlrs per share, Tektronix said.
+      The company also said it does not intend to spend more than
+  380 mln dlrs for the shares tendered.
+      It further stated that the tender offer expires on July
+  eight, unless extended.
+  
+
diff --git a/reuters/test/19383 b/reuters/test/19383
new file mode 100644
index 0000000000000000000000000000000000000000..70554fb75262a9e00b863a51ae2da2b9f0538661
--- /dev/null
+++ b/reuters/test/19383
@@ -0,0 +1,11 @@
+KAY <KAY> TO ACQUIRE SPECIALTY FASTENER FIRM
+  Kay Corp said its Balfour, Maclaine
+  International Ltd subsidiary signed a letter of intent to
+  acquire certain assets of a privately-owned distributor of
+  specialty fasteners for about 13 mln dlrs plus management
+  incentives, which it did not disclose.
+      Kay said the firm has annual sales of about 15 mln dlrs.
+      Kay also said it is pursuing private placement of debt
+  securities for a number of corporate purposes.
+  
+
diff --git a/reuters/test/19386 b/reuters/test/19386
new file mode 100644
index 0000000000000000000000000000000000000000..f2e179125bf0ec753ed800602370dcfae976772c
--- /dev/null
+++ b/reuters/test/19386
@@ -0,0 +1,10 @@
+NEW ENGLAND CRITICAL CARE <NECC.O> BUYS NPO
+  New England Critical Care Inc
+  said it completed its purchase of NPO Therapies Inc of Salt
+  Lake City.
+      The company said that NPO Therapies' president and founder,
+  Kelly Mutchie, has joined New England Critical Care as regional
+  vice president covering the western United States.
+      NPO Therapies provides home infusion therapy services.
+  
+
diff --git a/reuters/test/19387 b/reuters/test/19387
new file mode 100644
index 0000000000000000000000000000000000000000..8ebae3381f94728902bc3ee6983c44ed5ca82e2d
--- /dev/null
+++ b/reuters/test/19387
@@ -0,0 +1,36 @@
+COLOMBIA HELPFUL BUT COFFEE QUOTAS UNCERTAIN--U.S.
+  A U.S. government trade official
+  responsible for coffee policy said prospects for an accord on
+  coffee quotas are still uncertain despite recent Colombian
+  efforts to bridge differences between producers and consumers.
+      Jon Rosenbaum, an assistant U.S. trade representative just
+  back from trade talks in Colombia, said most producing
+  countries now accept some sort of standardized criteria must be
+  agreed to reintroduce coffee quotas.
+      "There is one country which evidently still does not,"
+  Rosenbaum said in an obvious reference to Brazil, which has
+  been negative recently on a reintroduction of quotas.
+      Rosenbaum said because of the stance of Brazil the outlook
+  for an agreement to reintroduce coffee quotas at the September
+  International Coffee Organization meeting is hard to predict.
+      He said that during the visit to Bogota he held technical
+  discussions with Colombian officials.
+      While he did not meet with Jorge Cardenas, head of the
+  Colombian coffee producers federation, who was in Europe,
+  Cardenas left a "positive letter," Rosenbaum said.
+      The Cardenas letter responded to a U.S. letter last month
+  which praised Colombia for trying to find a compromise formula
+  for the reintroduction of quotas, but outlined several concerns
+  with the technical details of the Colombian plan.
+      Rosenbaum could not be reached later in the day for comment
+  on a new formula for calculating ICO quotas agreed to by
+  European coffee roasters and traders.
+      Dutch coffee trade association chairman Frits van Horick
+  said in Amsterdam the new formula is based on six year moving
+  averages and would give Brazil an unchanged export quota for
+  the remaining to years of the current coffee agreement.
+      The U.S. has said it will not agree to any coffee quotas
+  unless "objective criteria" which reflect recent changes in the
+  coffee market are used to set export limits.
+  
+
diff --git a/reuters/test/19388 b/reuters/test/19388
new file mode 100644
index 0000000000000000000000000000000000000000..7365566133c2b68cf685af7ee7da854eb5b4c4e3
--- /dev/null
+++ b/reuters/test/19388
@@ -0,0 +1,14 @@
+CCC CREDIT GUARANTEES TO EL SALVADOR REALLOCATED
+  The Commodity Credit Corporation
+  (CCC) has reallocated 1.3 mln dlrs in credit guarantees
+  originally granted to cover the sale of protein meals to El
+  Salvador so it may buy rice, the U.S. Agriculture Department
+  said.
+      The action reduces the guarantee line authorized for sales
+  of protein meals to 12.7 mln dlrs and creates a rice credit
+  guarantee line of 1.3 mln dlrs, the department said.
+      All sales under the credit guarantee lines must be
+  registered and exports completed by September 30, the
+  department said.
+  
+
diff --git a/reuters/test/19397 b/reuters/test/19397
new file mode 100644
index 0000000000000000000000000000000000000000..82049bee81facc493c70e5a139264cdc9e106aed
--- /dev/null
+++ b/reuters/test/19397
@@ -0,0 +1,23 @@
+INTERNATIONAL LPG PRICES STEADY IN QUIET MARKET
+  International LPG prices were little
+  changed in the past week, barely affected by the excitement on
+  the advent of OPEC's mid-year meeting, traders and industry
+  sources said.
+      "If the OPEC decides to increase crude oil production," a
+  traders said, "LPG supplies will be up without corresponding
+  rise in demand."
+      Petrochemical buyers were sidelined, after their foray in
+  the market early in june, they said.
+      An industry meeting in Dublin this week also drew many
+  market participants away from the trading desk, they added.
+      Algeria has moved at least two cargoes of propane to the
+  U.S. Gulf, keeping Mediterranean prices steady, traders said.
+      In the Mideast Gulf, propane appeared easing slightly,
+  after a major U.S. oil company bought propane on formula which
+  netted back about 123 dlrs, cif Mideast Gulf, which was two
+  dlrs below Saudi Arabia's government selling price (gsp),
+  industry sources said.
+      Delivered propane to Japan was quoted at gsp plus 19 dlrs
+  and butane at gsp plus 25 dlrs, the traders said.
+  
+
diff --git a/reuters/test/19403 b/reuters/test/19403
new file mode 100644
index 0000000000000000000000000000000000000000..da4b591b35d77d88d85e9d74743615b95dd53bc6
--- /dev/null
+++ b/reuters/test/19403
@@ -0,0 +1,37 @@
+KUWAIT SEEN WANTING TO LEASE SOME U.S. TANKERS
+  The United States said Kuwait was
+  discussing plans to lease privately-owned U.S. tankers to
+  transport oil through the Gulf in addition to putting some of
+  its own vessels under American flags.
+      State Department spokeswoman Phyllis Oakley, who made the
+  disclosure about the tankers, also told reporters the United
+  States expects to conclude very soon a favorable arrangement
+  with Saudi Arabia concerning expanded security cooperation in
+  the Gulf. The two developments occur as the Reagan
+  administration continued to come under fire in Congress for its
+  plans to bring 11 Kuwaiti tankers under American flags.
+      The move is designed to protect the tankers from Iranian
+  attacks and ensure freedom of navigation in the strategic
+  waterway but has raised fears on Capitol Hill that it will draw
+  the United States into the seven-year-old Iran-Iraq War.
+      "The Kuwaitis have discussed the possibility of chartering
+  U.S. flag vessels with the Maritime Administration," Oakley
+  said. She emphasized, however, that "if some charter arrangement
+  could be worked out, it would not supplant the reflagging
+  arrangement that we worked out with the Kuwaitis."
+      In both cases, the ships would be eligible for U.S. Navy
+  escort in the Gulf, she said.
+  
+     The Washington Post today quoted John Gaughan, administrator
+  of the Martime Administration, as saying Kuwait has approached
+  an American shipping company about the possibility of a
+  charter.
+      Gaughan said that earlier this week he told representatives
+  of the company, whose identify he did not know, that chartered
+  vessels flying the U.S. flag "would be protected," the newspaper
+  reported.
+      Concerning Saudi Arabia, Oakley said "we are moving forward
+  in our talks ... on how we can tailor our efforts and security
+  cooperation to facilitate our Gulf operations."
+  
+
diff --git a/reuters/test/19406 b/reuters/test/19406
new file mode 100644
index 0000000000000000000000000000000000000000..8e4f5c32eb1b25cf27ee07c3d79bd1a1c6a08abe
--- /dev/null
+++ b/reuters/test/19406
@@ -0,0 +1,7 @@
+DAYTON HUDSON SAID IT TOLD BUYER OF STOCK IT's not
+INTERESTED IN BEING ACQUIRED
+
+  DAYTON HUDSON SAID IT TOLD BUYER OF STOCK IT's not
+  INTERESTED IN BEING ACQUIRED
+  
+
diff --git a/reuters/test/19409 b/reuters/test/19409
new file mode 100644
index 0000000000000000000000000000000000000000..8a5b15a2af443c36189a52b968678c51ea801230
--- /dev/null
+++ b/reuters/test/19409
@@ -0,0 +1,14 @@
+PACIFIC BASIN TO ACQUIRE 51 PCT OF T.E.A.M.
+  <Pacific Basin Development Corp>, based
+  in Vancouver, British Columbia, said it reached an agreement to
+  buy 51 pct of T.E.A.M. Pacific Corp and its marketing arm for
+  4.2 mln U.S. dlrs.
+      Pacific also said it expects ot earn three mln Canadian
+  dlrs for the year ended June 30, 1988 and 10 mln Canadian dlrs
+  for the year ended June 1989.
+      T.E.A.M., a former Signetics Corp unit, assembles
+  integrated circuits in Southeast Asia and is itself buying an
+  assembler. Pacific said T.E.A.M. expects to earn over 80 mln
+  Canadian dlrs per year when the acquisition is completed.
+  
+
diff --git a/reuters/test/19410 b/reuters/test/19410
new file mode 100644
index 0000000000000000000000000000000000000000..93852ace0f5543375fe902c712787630a64f27f8
--- /dev/null
+++ b/reuters/test/19410
@@ -0,0 +1,8 @@
+ANDERSEN GROUP INC <ANDR.O> 1ST QTR MAY 31
+  May 31
+      Shr loss 13 cts vs loss 4 cts
+      Net loss 225,000 vs loss 80,000
+      Revs 11.8 mln vs 10.4 mln
+      Avg shrs 1,789,165 vs 1,789,455
+  
+
diff --git a/reuters/test/19411 b/reuters/test/19411
new file mode 100644
index 0000000000000000000000000000000000000000..c4e8645d99864f7cc13e6ad4063f2bbe5f796ffe
--- /dev/null
+++ b/reuters/test/19411
@@ -0,0 +1,30 @@
+DAYTON HUDSON <DH> NOT INTERESTED IN ACQUISITION
+  Dayton Hudson Corp, in a
+  letter to employees, said it told an "aggressive buyer" of the
+  company's stock that it does not want to be acquired.
+      A Dayton Hudson spokeswoman would not identify the buyer,
+  but Wall Street sources said Dart Group Corp <DARTA.O> was the
+  company interested in buying Dayton Hudson stock.
+      The Wall Street sources said the Dart Group is expected
+  soon to file a statement with the Securities and Exchange
+  Commission on its accumulation of Dayton Hudson stock.
+      According to the letter to company employess, Dayton Hudson
+  management has moved in two directions to fend off a takeover.
+  According to the letter, chairman Kenneth Macke expressed to
+  the group buying its stock the company's desire to remain
+  independent.
+      Dayton Hudson Thursday night met with Minnesota governor
+  Rudy Perpich, appealing for legislative help.
+      A spokesman for Governor Perpich earlier said the governor
+  is expected later today to recommend stiffening the state's
+  anti-takeover law to help the Minneopolis retailer defend
+  itself.
+      Minnesota House speaker designate said the legislators
+  would probably look at language similar to that contained in
+  Indiana and New York law. He said any amendment proposed would
+  probably be designed to thwart a company from dismantling a
+  company for its own profit.
+     "Obviously Dayton-Hudson people feel whatever statutes we
+  have would not protect them enough," Vanasek said.
+  
+
diff --git a/reuters/test/19412 b/reuters/test/19412
new file mode 100644
index 0000000000000000000000000000000000000000..fc4bae7f813cf536e708b7db2dd92023ca748232
--- /dev/null
+++ b/reuters/test/19412
@@ -0,0 +1,13 @@
+BARNETT BANKS <BBF> FILES AGAINST FEDERAL BOARD
+  Barnett Banks Inc and Home
+  Federal Bank of Florida said they filed a suit against the
+  Federal Home Loan Bank Board and the Federal Savings and Loan
+  Insurance Corp.
+      The companies said the suit asks a Jacksonville, Fla.,
+  federal district court to enjoin the enforcement of an
+  interpretive rule adopted by the FHLBB last year which seeks to
+  give it jurisdiction over Barnett's proposed acquisition of
+  Home.
+      The suit says this rule is arbitrary and capricious.
+  
+
diff --git a/reuters/test/19416 b/reuters/test/19416
new file mode 100644
index 0000000000000000000000000000000000000000..1866fc3bf067e480040d3a9a43ead055c50c75a4
--- /dev/null
+++ b/reuters/test/19416
@@ -0,0 +1,9 @@
+U.S. BUSINESS LOANS FALL 896 MLN DLRS IN JUNE 10 WEEK,
+FED SAYS
+
+
+  U.S. BUSINESS LOANS FALL 896 MLN DLRS IN JUNE 10 WEEK,
+  FED SAYS
+  
+  
+
diff --git a/reuters/test/19418 b/reuters/test/19418
new file mode 100644
index 0000000000000000000000000000000000000000..ce0b61c0f6e24c77c4a6e3e570f42e598c950ebf
--- /dev/null
+++ b/reuters/test/19418
@@ -0,0 +1,9 @@
+U.S. BUSINESS LOANS FELL 896 MLN DLRS
+  Business loans on the books of major
+  U.S. banks, excluding acceptances, fell 896 mln dlrs to 275.61
+  billion in the week ended June 10, the Federal Reserve Board
+  said.
+      The Fed said that business loans including acceptances fell
+  546 mln dlrs to 278.12 billion dlrs.
+  
+
diff --git a/reuters/test/19419 b/reuters/test/19419
new file mode 100644
index 0000000000000000000000000000000000000000..45465996a84e5307827493471c25d730080fba2d
--- /dev/null
+++ b/reuters/test/19419
@@ -0,0 +1,11 @@
+JUDGE TO RULE MONDAY ON BURLINGTON <BUR> CASE
+  Manhattan Federal Court Judge Shirley
+  Wohl Kram said she would rule Monday on whether to grant a
+  request to block a 78 dlr per share merger agreement between
+  Burlington Industries Inc and Morgan Stanely Group Inc <MS>.
+      The request to bar the merger was made by Samjens
+  Acquisition Corp, a partnership formed by financier Asher B.
+  Edelman and Dominion Textiles Inc. Samjens has made a hostile
+  77 dlr per share takeover bid for Burlington.
+  
+
diff --git a/reuters/test/19420 b/reuters/test/19420
new file mode 100644
index 0000000000000000000000000000000000000000..1970e97c0d25ecb7ddacfd9e9ada505e354436ed
--- /dev/null
+++ b/reuters/test/19420
@@ -0,0 +1,11 @@
+<K.G. SAUR> SELLS ASSETS TO REED INTERNATIONAL
+  K.G. Saur, the German-based publisher
+  of databases and legal and bilbiographic reference material,
+  said it has sold all of its assets to The Butterworth Group, a
+  division of Reed International PLC <REED.L>, for under 15 mln
+  dlrs.
+      Saur said Klaus Saur, president and owner of the company,
+  will remain president of Saur operations in Munich, London and
+  New York.
+  
+
diff --git a/reuters/test/19422 b/reuters/test/19422
new file mode 100644
index 0000000000000000000000000000000000000000..8d70a9511779d7f3c91bfef9dbcc994a8228c684
--- /dev/null
+++ b/reuters/test/19422
@@ -0,0 +1,7 @@
+AEL INDUSTRIES INC <AELNA.O> FIRST QTR NET
+  Shr 10 cts vs four cts
+      Net 419,000 dlrs vs 196,000 dlrs
+      Revs 27.3 mln dlrs vs 25.9 mln dlrs
+      Note:the first quarter ended May 29
+  
+
diff --git a/reuters/test/19424 b/reuters/test/19424
new file mode 100644
index 0000000000000000000000000000000000000000..7ec69a642f416b27bc2d582c96fa982b5b78af91
--- /dev/null
+++ b/reuters/test/19424
@@ -0,0 +1,7 @@
+NATIONAL VIDEO INC <NVIS.O> YEAR NET
+  Shr four cts vs nine cts
+      Net 125,465 dlrs vs 245,718 dlrs
+      Revs 8.4 mln dlrs vs 7.8 mln dlrs
+      Note:the fiscal year ended March 31
+  
+
diff --git a/reuters/test/19426 b/reuters/test/19426
new file mode 100644
index 0000000000000000000000000000000000000000..3cd4f924858551e0c02f1236a02a351625cfe740
--- /dev/null
+++ b/reuters/test/19426
@@ -0,0 +1,11 @@
+ARCHER-DANIELS <ADM> DENIES RUMOR
+  Archer-Daniels-Midland Co denied a
+  report that it is interested in acquiring International
+  Minerals and Chemical Corp (IGL).
+      "We have no interest in International Minerals or any of
+  its divisions," a spokesman told Reuters. "We've had no
+  conversations with them."
+      USA Today reported that Archer-Daniels-Midland might be
+  seeking a hostile takeover of International Minerals.
+  
+
diff --git a/reuters/test/19427 b/reuters/test/19427
new file mode 100644
index 0000000000000000000000000000000000000000..5e6c96c5b70c9d63c8bbf3e3f1fb0e3ee529d64c
--- /dev/null
+++ b/reuters/test/19427
@@ -0,0 +1,11 @@
+KAUFEL GROUP LTD (KGL.M) 3RD QTR NET
+  Shr 15 cts vs 10 cts
+      Net 1,790,824 vs 1,031,602
+      Revs 14.0 mln vs 6.7 mln
+      Nine mths
+      Shr 41 cts vs 23 cts
+      Net 4,830,513 vs 2,296,192
+      Revs 40.5 mln vs 15.4 mln
+      Avg shrs 12.0 mln vs 10.5 mln
+  
+
diff --git a/reuters/test/19428 b/reuters/test/19428
new file mode 100644
index 0000000000000000000000000000000000000000..77b9297bccb006f1b4ba2a60116b5d27e7697c83
--- /dev/null
+++ b/reuters/test/19428
@@ -0,0 +1,25 @@
+GROUP CUTS ZONDERVAN<ZOND.O> STAKE TO 3.8 PCT
+  One of several investor groups
+  formerly associated with London investor Christopher Moran in
+  his unsuccessful bid to take over Zondervan Corp last year,
+  said it cut its stake in the company to less than five pct.
+      In a filing with the Securities and Exchange Commission,
+  the group, led by investors Lawrence Altschul and James
+  Apostolakis, said it cut its Zondervan stake to 157,500 shares,
+  or 3.8 pct of the total, from 246,500 shares, or 5.9 pct.
+      The group, which earlier this month said in an SEC filing
+  it wanted join with other groups to maximize share values, said
+  it sold 89,000 shares between June 9 and 15 for 1.5 mln dlrs.
+      The group had joined with the Moran group, which last year
+  assembled a combined 44 pct stake in Zondervan during its
+  unsuccessful takeover try.
+      Last month, the Moran group broke up and splintered into
+  various factions. Moran himself withdrew from the takeover
+  effort and last reported his personal stake at 4.8 pct.
+      A group led by Miwok Capital Corp, a California broker with
+  a 10.6 pct stake, and another one led by Minneapolis
+  stockbroker Jeffrey Wendel with 2.6 pct, have both made recent
+  SEC filings saying they are seeking agreements with other
+  parties who may want to seek control of the company.
+  
+
diff --git a/reuters/test/19431 b/reuters/test/19431
new file mode 100644
index 0000000000000000000000000000000000000000..9490e3c3cfd6e449fd984fc2e88692bed576d2f4
--- /dev/null
+++ b/reuters/test/19431
@@ -0,0 +1,17 @@
+NORANDA BRUNSWICK MINERS VOTE MONDAY ON CONTRACT
+  Noranda Inc said 1,100 unionized workers
+  at its 63 pct-owned Brunswick Mining and Smelter Corp lead-zinc
+  mine in New Brunswick would start voting Monday on a tentative
+  contract pact.
+      Company official Andre Fortier said "We are hopeful that we
+  can settle without any kind of work interruption."
+      Fortier added that Brunswick's estimated 500 unionized
+  smelter workers were currently meeting about a Noranda contract
+  proposal and would probably vote next week. The mine's contract
+  expires July 1 and the smelter's on July 21.
+      The Brunswick mine produced 413,800 tonnes of zinc and
+  206,000 tonnes of lead last year at a recovery rate of 70.5 pct
+  zinc and 55.6 pct lead. Concentrates produced were 238,000
+  tonnes of zinc and 81,000 tonnes of lead.
+  
+
diff --git a/reuters/test/19432 b/reuters/test/19432
new file mode 100644
index 0000000000000000000000000000000000000000..e81d0517481e62e1430e03bf4ffa15736e4478de
--- /dev/null
+++ b/reuters/test/19432
@@ -0,0 +1,96 @@
+NEW LEADER COMING TO U.S. SEC IN CHALLENGING ERA
+  President Reagan's nominee as top
+  policeman for the nation's securities markets will inherit an
+  agency challenged by an insider trading scandal, wild stock
+  price gyrations and a host of uncertainties stemming from the
+  globalization of financial markets.
+      David Ruder, a 58-year-old Republican law professor at
+  Northwestern University in Evanston, Ill., was named Thursday
+  to be the 23rd chairman of the five-member U.S. Securities and
+  Exchange Commission.
+      If confirmed by the Senate, as expected, he will succeed
+  John Shad, who left the agency earlier this week after a record
+  six years as chairman to become ambassador to the Netherlands.
+      The SEC has been in the limelight for the past year as its
+  investigators have probed into the most colossal insider
+  trading scandal ever uncovered on Wall Street.
+      The investigation, which is still active, mushroomed in
+  recent months as a growing number of well known traders and
+  prominent investment banking firms have been charged with
+  wrongdoing.
+      The pace of the probe picked up markedly in November after
+  Ivan Boesky, one of Wall Street's most successful stock
+  speculators, agreed to cooperate with government investigators
+  and to pay a record 100 mln dlrs in penalties and illegal
+  profits after being charged with insider trading.
+      But the agency is also wrestling with a vexing new
+  phenomenon of huge and rapid swings in stock prices, spurred by
+  computer-driven trading strategies that span markets in 
+  securities, options and futures. The price gyrations have
+  combined with rising trading volumes to bring unprecedented
+  volatility to some U.S. securities markets.
+      At the same time, the SEC is being pressed by some
+  lawmakers to put a stop to abusive tactics in corporate
+  takeover contests as an unrelenting wave of such takeovers
+  steadily reshapes the U.S. corporate landscape.
+      And the agency is being pushed by U.S. and foreign
+  exchanges intent on expansion to lay the regulatory groundwork
+  for an international securities marketplace in which trading
+  occurs across borders throughout the world, around the clock.
+      Such worldwide trading networks offer vast new investment
+  opportunities but could strain the SEC's ability to enforce
+  U.S. securities laws and guard investors from fraud.
+      Under the leadership of Shad, the SEC eased financial
+  disclosure requirements for publicly traded companies,
+  eliminated many minor investor protection rules, attempted to
+  spur competition among exchanges and streamlined the agency's
+  review of hostile corporate takeovers.
+      Shad, who had been vice chairman of the E. F. Hutton
+  investment banking firm, brought a Wall Street perspective to
+  the agency upon being named chairman in 1981.
+      In line with the views of other top administration
+  officials, he favored marketplace determination of takeover
+  battles over new federal regulations.
+      The SEC under Shad also stressed prosecution of insider
+  trading violations over the corporate wrongdoing cases that
+  topped the agency's enforcement agenda during the
+  administration of President Jimmy Carter, a Democrat.
+      Securities lawyers and industry officials acquainted with
+  Ruder say the new chairman-designate is unlikely to
+  significantly alter the commission's current priorities.
+      The SEC currently has about 2,000 employees, most of them
+  lawyers, and an annual budget of about 115 mln dlrs though that
+  figure likely will be significantly higher next year as the
+  agency moves to beef up its enforcement staff.
+      The agency is one of the few in the government that
+  actually has taken in more money than it has spent in the past
+  few years because of fees it charges public companies,
+  investment banks and other securities firms it regulates.
+      The SEC is structured as an independent regulatory agency,
+  meaning that its five commissioners are appointed by the
+  president to fixed five-year terms and protected from firing
+  for policy differences alone.
+      By law, no more than three commissioners may be of the same
+  political party, and the agency prepares its own budget request
+  each year instead of leaving this to the White House.
+      Established by Congress in 1934, the SEC traces its origins
+  to the great stock market crash of 1929, which was attributed
+  in large part to widespread trading on credit and attempted
+  market manipulations by large investment firms.
+      The agency requires public companies and investment
+  vehicles such as mutual funds to issue periodic reports on
+  their financial condition and to disclose changes in their
+  condition any time they issue new securities.
+      It requires brokers, dealers and investment banks to
+  register with it and comply with investor protection rules, and
+  it polices exchanges and regulates trading practices.
+      Its first chairman was Joseph Kennedy, an industrial
+  magnate who was also the father of John Kennedy, later to
+  become the nation's 35th president.
+      Other former chairmen include William Douglas, who served
+  from 1937 until his appointment to the U.S. Supreme Court in
+  1939, and William Casey, who served during President Nixon's
+  first term and was Reagan's director of the Central
+  Intelligence Agency until his death earlier this year.
+  
+
diff --git a/reuters/test/19433 b/reuters/test/19433
new file mode 100644
index 0000000000000000000000000000000000000000..0a3fc88846c02da752e3863526dbb7d0f81f0ee8
--- /dev/null
+++ b/reuters/test/19433
@@ -0,0 +1,25 @@
+U.S. ASKS CONGRESS TO REVISE TARIFF CATEGORIES
+  The Administration asked Congress to
+  replace the U.S. tariff schedule with a new system to bring it
+  into line with international tariff categories, U.S. Trade
+  Representative Clayton Yeutter said.
+      The new system will add such items as fiber optics and more
+  accurately define new composites, items not widely traded when
+  the current schedule was devised some 30 years ago.
+      Yeutter said the Harmonized System, as the new schedule is
+  called, will change tariff categories and definitions to meet
+  the present-day needs of exporters and importers, but they
+  should pay about the same rates of duties.
+      Yeutter said, "American exporters will find it far easier to
+  deal with one standardized worldwide system than the variety of
+  differing systems which they now face."
+      He said the new system ended 12 years of multinational
+  negotiations to create the unified tariff schedule.
+      Yeutter said government and business moves are based on
+  data from tariff schedules and the new system will improve
+  knowledge of trade flows and the quality of decision-making.
+      He said 56 nations pledged to bring their standards under
+  the new system, with about half expected to join the system by
+  January 1988.
+  
+
diff --git a/reuters/test/19435 b/reuters/test/19435
new file mode 100644
index 0000000000000000000000000000000000000000..6e45a49c10d0385744baaea45bc0f638d5adbbd4
--- /dev/null
+++ b/reuters/test/19435
@@ -0,0 +1,12 @@
+SERVICE RESOURCES<SRC> UNIT CUTS SORG<SRG> STAKE
+  A group led by Chas. P. Young Co, a
+  subsidiary of Service Resources Corp, said it cut its stake in
+  Sorg Inc to 366,700 shares, or 16.7 pct of the total
+  outstanding common stock, from 385,000 shares, or 17.5 pct.
+      In a filing with the Securities and Exchange Commission,
+  Young, which yesterday withdrew its 23 dlr a share takeover
+  proposal, said its other group member, SDI Partners Ltd
+  Partnership, sold 18,300 Sorg common shares between June 16 and
+  18 at 17-1/2 to 19 dlrs each.
+  
+
diff --git a/reuters/test/19440 b/reuters/test/19440
new file mode 100644
index 0000000000000000000000000000000000000000..f844f8fb668027d55625b04d6a3f207ec72be6d4
--- /dev/null
+++ b/reuters/test/19440
@@ -0,0 +1,10 @@
+DWI CORP <DWIC.O> 3RD QTR MARCH 31 NET
+  Shr profit nil vs loss two cts
+      Net profit 39,617 vs loss 200,740
+      Revs 619,076 vs 491,085
+      Nine Mths
+      Shr loss nil vs loss five cts
+      Net loss 68,293 vs loss 434,087
+      Revs 1,614,960 vs 1,791,148
+  
+
diff --git a/reuters/test/19441 b/reuters/test/19441
new file mode 100644
index 0000000000000000000000000000000000000000..54206fa21219d6a33b9d54975ec608d39f884708
--- /dev/null
+++ b/reuters/test/19441
@@ -0,0 +1,9 @@
+FIRM HAS SUPREME EQUIPMENT <SEQP.O> STAKE
+  Towle and Co, a St. Louis, Mo.,
+  investment advisory firm, told the Securities and Exchange
+  Commission it has acquired 55,900 shares of Supreme Equipment
+  and Systems Corp, or 5.1 pct of the total outstanding.
+      Towle said it bought the stock for investment purposes on
+  behalf of its advisory clients.
+  
+
diff --git a/reuters/test/19444 b/reuters/test/19444
new file mode 100644
index 0000000000000000000000000000000000000000..0e02aeab69be8dd2555fc0fc37499e03ae703cf9
--- /dev/null
+++ b/reuters/test/19444
@@ -0,0 +1,26 @@
+ITALY DEFICIT NOT DUE TO LIBERALIZATION-MINISTER
+  Italy's Foreign Trade Minister Mario
+  Sarcinelli, commenting on speculation in the Italian press,
+  said a sharp balance of payments deficit in May could not be
+  attributed to recent moves liberalizing the purchase of foreign
+  securities.
+      Sarcinelli was reacting to suggestions that last month's
+  overall 3,211 billion lire deficit, which compares with April's
+  2,040 billion surplus, could be linked to a May 13 decree
+  abolishing obligatory non-interest-bearing deposits on foreign
+  securities purchases.
+     "The deficit can be better attributed to premature and
+  delayed foreign trade payments and receipts (leads and lags)
+  rather than capital outflow to portfolio investment," Sarcinelli
+  said in a statement.
+      Earlier today the newspaper La Repubblica cited remarks by
+  the Bank of Italy, which announced the deficit for May and said
+  it had been partly caused by "non-banking capital outflows."
+      "In practice, it seems that there has been a constant flow
+  of capital to foreign securities or investments outside our
+  borders," said the newspaper.
+      But the newspaper added that it was still not possible to
+  say how far the move to abolish foreign securities purchase
+  deposits had affected Italy's balance of payments.
+  
+
diff --git a/reuters/test/19447 b/reuters/test/19447
new file mode 100644
index 0000000000000000000000000000000000000000..d2805cc0971c84390eefb26906e0d70257190838
--- /dev/null
+++ b/reuters/test/19447
@@ -0,0 +1,12 @@
+SICO <SIC.TO> TO BUY REICHOLD <RCI> UNIT ASSETS
+  Sico Inc said it agreed in principle
+  to buy the U.S. assets of Reichold Chemicals Inc's Sterling
+  Group, which manufactures electrical insulation compounds and
+  industrial resins and develops coatings for the electronics
+  industry. Terms were undisclosed.
+      Sico said it acquired Sterling Group's Canadian assets in
+  February.
+      It said the U.S. acquisition adds about 15 mln dlrs to its
+  annual sales volume.
+  
+
diff --git a/reuters/test/19448 b/reuters/test/19448
new file mode 100644
index 0000000000000000000000000000000000000000..d44e7a8a67633e4c59bf52fb72d71772ffb75c62
--- /dev/null
+++ b/reuters/test/19448
@@ -0,0 +1,11 @@
+INVESTOR GROUP DUMPS SILICON <SLCN.O> STAKE
+  A group of Boston investors and
+  investment partnerships told the Securities and Exchange
+  Commission it sold its entire stake in Silicon Systems Inc of
+  410,000 shares, or 6.0 pct of the total outstanding.
+      The group, which includes HLM Associates, HLM Associates II
+  and their three general partners, said it sold the stock
+  between April 22 and June 9 at 9.00 to 9.125 dlrs a share as
+  the result of an investment decision.
+  
+
diff --git a/reuters/test/19450 b/reuters/test/19450
new file mode 100644
index 0000000000000000000000000000000000000000..8148e37f1aff9e8dc8d922620aac702414b0f42a
--- /dev/null
+++ b/reuters/test/19450
@@ -0,0 +1,9 @@
+SHIRMAX FASHIONS LTD <SHX.M> 1ST QTR NET
+  qtr ended May 2
+      Oper shr three cts vs 11 cts
+      Oper net 333,000 vs 885,000
+      Revs 14.9 mln vs 12.2 mln
+      Note: Latest qtr exludes writeoff of 735,000 dlrs from
+  store renovation.
+  
+
diff --git a/reuters/test/19451 b/reuters/test/19451
new file mode 100644
index 0000000000000000000000000000000000000000..cf7a979983ec582726dd3b31333e5e4c3910da72
--- /dev/null
+++ b/reuters/test/19451
@@ -0,0 +1,11 @@
+GROUP UPS STAKE IN TANDY BRANDS <TAB> TO 6.9 PCT
+  A group of companies including
+  Chicago-based Coronet Insurance Co and Sunstates Corp, a
+  Jacksonville., Fla., real estate firm, said it raised its stake
+  in Tandy Brands Inc to 175,900 shares, or 6.9 pct of the total.
+      In a filing with the Securities and Exchange Commission,
+  the group said it bought 43,600 Tandy common shares between May
+  21 and June 9 for 633,333 dlrs in addition to the 132,300
+  shares, or 5.2 pct, it had held previously.
+  
+
diff --git a/reuters/test/19453 b/reuters/test/19453
new file mode 100644
index 0000000000000000000000000000000000000000..03bd57c9294428b5558dd1411e00231a816d16ed
--- /dev/null
+++ b/reuters/test/19453
@@ -0,0 +1,9 @@
+GATEWAY <GMSI.O> RECINDS OFFER FOR WESTWORLD
+  Gateway Medical Systems Inc said it has
+  withdrawn its May 27 offer to acquire <Westworld Community
+  Healthcare Inc>.
+      The company said it remains interested in acquiring the
+  Westworld's hospitals and will attempt to continue negotiations
+  with Westworld.
+  
+
diff --git a/reuters/test/19458 b/reuters/test/19458
new file mode 100644
index 0000000000000000000000000000000000000000..27dd4ae3108500cae72d23a37e5fc3cbbb7b893d
--- /dev/null
+++ b/reuters/test/19458
@@ -0,0 +1,7 @@
+RIO DE JANEIRO - IBC ESTIMATES 1987-88
+COFFEE CROP AT 35.2 MLN BAGS
+
+  RIO DE JANEIRO - IBC ESTIMATES 1987-88
+  COFFEE CROP AT 35.2 MLN BAGS
+  
+
diff --git a/reuters/test/19459 b/reuters/test/19459
new file mode 100644
index 0000000000000000000000000000000000000000..62c1b5ad48a2293218d2be701e90dfdf00abc9b2
--- /dev/null
+++ b/reuters/test/19459
@@ -0,0 +1,6 @@
+<BOWER INDUSTRIES INC> 1ST QTR NET
+  Shr profit six cts vs loss 18 cts
+      Net profit 156,000 vs loss 212,000
+      Revs 5,094,000 vs 5,669,000
+  
+
diff --git a/reuters/test/19461 b/reuters/test/19461
new file mode 100644
index 0000000000000000000000000000000000000000..8959587b1a0a2e5560590c2ef5443749e40357b9
--- /dev/null
+++ b/reuters/test/19461
@@ -0,0 +1,7 @@
+WPP GROUP EXTENDING EXPIRATION OF ITS MERGER PROPOSAL TO
+JWT GROUP UNTIL JUNE 22
+
+  WPP GROUP EXTENDING EXPIRATION OF ITS MERGER PROPOSAL TO
+  JWT GROUP UNTIL JUNE 22
+  
+
diff --git a/reuters/test/19462 b/reuters/test/19462
new file mode 100644
index 0000000000000000000000000000000000000000..0ab4e07970c3d9314817ed331d78b4bcdb748247
--- /dev/null
+++ b/reuters/test/19462
@@ -0,0 +1,9 @@
+JOE FRANKLIN AND ASSETS DEVELOPMENT TO MERGE
+  Privately-held Joe Franklin Productions
+  Inc said it entered into a preliminary agreement to merge with
+  Assets Development Corp, a public company.
+      Terms were not disclosed.
+      The companies said they expected the merged group to
+  qualify for listing on NASDAQ.
+  
+
diff --git a/reuters/test/19463 b/reuters/test/19463
new file mode 100644
index 0000000000000000000000000000000000000000..2399dee21bf2d1e8b797cd15d68ceae25506a15e
--- /dev/null
+++ b/reuters/test/19463
@@ -0,0 +1,5 @@
+TENNECO TO BECOME OPEN ACCESS TRANSPORTER OF NATURAL GAS
+
+  TENNECO TO BECOME OPEN ACCESS TRANSPORTER OF NATURAL GAS
+  
+
diff --git a/reuters/test/19464 b/reuters/test/19464
new file mode 100644
index 0000000000000000000000000000000000000000..58913145216e72ccaf6f234fe5edfaf320dd3438
--- /dev/null
+++ b/reuters/test/19464
@@ -0,0 +1,12 @@
+DART GROUP DECLINES COMMENT ON DAYTON HUDSON<DH>
+  Dart Group Corp <DARTA.O> said it has
+  no comment on reports the company has been accumulating shares
+  of Dayton Hudson Corp.
+      Dayton Hudson said in a letter to shareholders it told an
+  "aggressive buyer" of its stock that it does not want to be
+  acquired.
+      Wall Street sources have identified the buyer as Dart,
+  which earlier this year was thwarted in a takeover attempt for
+  the now privately held Supermarkets General Corp.
+  
+
diff --git a/reuters/test/19466 b/reuters/test/19466
new file mode 100644
index 0000000000000000000000000000000000000000..9978e519ac05061cdb7f8ef73b42bb02b72612b4
--- /dev/null
+++ b/reuters/test/19466
@@ -0,0 +1,6 @@
+RISE TECHNOLOGY INC <RTEK.O> 1ST QTR LOSS
+  Shr loss 33 cts vs loss one ct
+      Net loss 320,000 vs loss 8,000
+      revs 822,000 vs 405,000
+  
+
diff --git a/reuters/test/19470 b/reuters/test/19470
new file mode 100644
index 0000000000000000000000000000000000000000..5f8e0f68136f6d2c79e36f3d4ddff3e7718c61d9
--- /dev/null
+++ b/reuters/test/19470
@@ -0,0 +1,10 @@
+WPP GROUP PLC EXTENDS ITS OFFER FOR JWT <JWT>
+  <WPP Group Plc> said it is extending
+  its 50.50 dlrs a share offer for JWT Group Inc until midday
+  June 22.
+      The company temporarily extended the offer on June 17 but
+  did not give an expiration date.
+      Its 45 dlrs a share offer for JWT, which has been rejected
+  by JWT, expires on July 10.
+  
+
diff --git a/reuters/test/19471 b/reuters/test/19471
new file mode 100644
index 0000000000000000000000000000000000000000..cba498b0a02a39c019d61304b78ceb0ffcf9e50f
--- /dev/null
+++ b/reuters/test/19471
@@ -0,0 +1,36 @@
+TENNECO <TGT> TO TRANSPORT GAS ON OPEN ACCESS
+  Tenneco Inc said Tennessee Gas Pipeline
+  Co, its largest interstate natural gas pipeline, will transport
+  natural gas under the open access rules of the Federal Energy
+  Regulatory Commission, FERC.
+      In open access, gas pipelines serve purely as a transport
+  company, moving gas from suppliers to customers. Pipelines also
+  transport its own gas to customers.
+      Earlier this week, Transco Energy Co <T> rejected the FERC
+  guidelines, saying it would not offer open access until the
+  regulatory body offers a solution to the exposure it faces for
+  gas it has bought but could not sell.
+      The exposure faced by the industry stems from take or pay
+  contracts, under which pipelines bought gas on long-term
+  contracts they could not sell. The problem grew severe as
+  customers won cheaper sources of gas because of open access.
+      Some industry analysts speculated earlier this week that
+  Tenneco might follow Transco's lead and close its pipelines to
+  open-access because of the take-or-pay issue.
+      But Tenneco today said open access "is one of the steps
+  FERC is taking to restructure the gas industry in the U.S. FERC
+  is moving the industry through this restructuring now, even
+  before all transitional problems are solved."
+      A spokesman said Tenneco faces 1.7 billion dlrs in exposure
+  under the take-or-pay contracts, but he had no specific figure
+  for Tennessee Gas, which runs 2,000 miles of pipelines from
+  Louisiana and Texas up to New England.
+      "We remain convinced that the most critical transitional
+  issue facing the industry--take-or-pay--must be resolved by
+  FERC in the near future.
+      "A failure to do so could have grave consequences for the
+  industry's continued ability to provide its customers with
+  reliable natural gas," said Tennessee Gas Transmission Co
+  president R.C. Thomas.
+  
+
diff --git a/reuters/test/19473 b/reuters/test/19473
new file mode 100644
index 0000000000000000000000000000000000000000..29f61dd27ab1c4558100f7dc2d766798e339a9a8
--- /dev/null
+++ b/reuters/test/19473
@@ -0,0 +1,13 @@
+MAXICARE <MAXI.O> ENDS PLANS TO SELL UNIT
+  Maxicare Health Plans Inc  said
+  it ended negotiations to sell Maxicare Alabama L.P. to
+  (Complete Health Inc).
+      The companies said last week they had reached agreement in
+  principle for Complete Health to purchase the health
+  maintenance organization, the largest in Alabama.
+      Maxicare said the terms would not be in the best interests
+  of the heatlh care providers who have built the Alabama HMO.   
+   It said it now intends to work with its health care providers
+  in Alabama to further develop the HMO.
+  
+
diff --git a/reuters/test/19474 b/reuters/test/19474
new file mode 100644
index 0000000000000000000000000000000000000000..7aa0482aa3d9059a2d7c57864f0af824bfd312b6
--- /dev/null
+++ b/reuters/test/19474
@@ -0,0 +1,10 @@
+CHIRON CORP <CHIR.O> 4TH QTR APRIL 30 LOSS
+  Shr loss 22 cts vs loss 18 cts
+      Net loss 2,494,000 vs loss 1,608,000
+      Revs 3,590,000 vs 1,710,000
+      Year
+      Shr loss 68 cts vs loss 53 cts
+      Net loss 7,318,000 vs loss 4,160,000
+      Revs 10,503,000 vs 7,134,000
+  
+
diff --git a/reuters/test/19475 b/reuters/test/19475
new file mode 100644
index 0000000000000000000000000000000000000000..dbd05d0b77a8198564461253e3eb131b4877e4f6
--- /dev/null
+++ b/reuters/test/19475
@@ -0,0 +1,11 @@
+METHODE ELECTRONICS INC <METH.O> 4TH QTR NET
+  qtr ended April 30
+      Shr nine cts vs 17 cts
+      Net 1,026,000 vs 1,840,000
+      Revs 25.9 mln vs 26.1 mln
+      Year
+      Shr 27 cts vs 56 cts
+      Net 2,942,000 vs 5,865,000
+      Revs 95.7 mln vs 96 mln
+  
+
diff --git a/reuters/test/19477 b/reuters/test/19477
new file mode 100644
index 0000000000000000000000000000000000000000..5419b6f0b53e1842beed11805b4a9a40b8d46896
--- /dev/null
+++ b/reuters/test/19477
@@ -0,0 +1,15 @@
+NO COMINCO STRIKE TALKS SCHEDULED
+  Cominco Ltd said no
+  talks were scheduled with striking workers at its Trail smelter
+  and Kimberley, British Columbia lead-zinc mine.
+      A company spokesman said the company and union met
+  informally Tuesday but talks did not constitute a formal
+  bargaining session. The last formal talks were on June 5.
+      The workers went on strike May 9 and production has been
+  shut down since then.
+      The Trail smelter produced 240,000 long tons of zinc and
+  110,000 long tons of lead last year. The Sullivan mine at
+  Kimberley produced 2.2 mln long tons of ore in 1986, most for
+  processing at the Trail smelter.
+  
+
diff --git a/reuters/test/19478 b/reuters/test/19478
new file mode 100644
index 0000000000000000000000000000000000000000..2499fcd4ebb89d971d5b3b46d93deca827c3f3ae
--- /dev/null
+++ b/reuters/test/19478
@@ -0,0 +1,78 @@
+U.S. ECONOMY SLOWDOWN RAISES RECESSION FEARS
+  The economy faces lackluster growth
+  and the risk of recession this year if the recent improvement
+  in U.S. exports should falter, economists say.
+      Growth will slow sharply in the next months due to weakness
+  in the key housing and auto sectors and could be further
+  hampered unless consumer spending picks up, they say.
+      "These factors raise the question: Is there enough strength
+  to keep the economy from tipping into a recession?" said Lyle
+  Gramley, chief economist of the Mortgage Bankers
+  Association and a former Federal Reserve Board official.
+      The Commerce Department said this week that the economy
+  grew by a robust 4.8 pct annual rate in the first quarter, but
+  a U.S. monetary official called it a weak report.
+      Housing starts fell 2.7 pct in May, and consumer spending
+  rose a weak 0.1 per cent.
+      "Our two largest visible industries -- autos and housing --
+  are faltering, but exports are picking up some of the slack, "
+  Martin Mauro, senior economist for Merrill Lynch Economics,
+  told Reuters.
+      Gramley said he is worried that consumer spending may slow
+  because inflation is rising faster than real wages.
+      To offset this, U.S. exports must continue to rise,
+  returning enough jobs to the manufacturing sector to boost
+  personal income and consumption, he says.
+      "I expect to see enough improvement in real net exports to
+  keep a recession from happening, but it is a close call,"
+  Gramley said.
+      Federal Reserve Board Governor Martha Seger told reporters
+  that the apparent strength in the 4.8 pct growth figure was the
+  result of a temporary buildup in inventories that will not last
+  and said the recovery was showing anemia.
+      Seger said that with the recovery stumbling along, "The pace
+  of the economy and the lack of robustness must be factored into
+  monetary policy" - possibly a signal that the Fed will be
+  accommodative.
+      Most economists predict growth slower than the 3 pct
+  forecast by the Reagan administration for 1987 and warn that if
+  the dollar drops suddenly, higher inflation will result and add
+  to the risk of a recession.
+      Mauro said a 0.5 pct rise in industrial production in May
+  came despite cutbacks in output in the auto industry, where an
+  inventory overhang still exists.
+      He says the boost in production came from smaller
+  industries like paper, chemicals, and lumber which have
+  improved sales overseas due to the drop in the dollar.
+      "They are not going to be enough for any kind of surge in
+  economic activity, but I think they will keep us out of a
+  recession," Mauro said.
+      In a speech to financial planners this week, Beryl
+  Sprinkel, the chief White House economic adviser, predicted the
+  trade deficit will continue to improve.
+      "Prospects for continued economic growth through 1987 and
+  into 1988 are still quite favorable," he said.
+      But private economists raise concerns about a resurgence in
+  inflation.
+      Allen Sinai, chief economist at Shearson Lehman Brothers
+  Inc., told Congress this week that inflation would rise to 4.5
+  to five pct this year and stay at that level through 1989 after
+  a 1.1 pct increase in 1986.
+      The rise is coming from a sharply lower dollar, higher oil
+  and energy prices and rising prices for services, he said.
+      "The lesson of history is that once the inflation genie gets
+  out of the bottle, it continues to persist," he said, adding he
+  would like the Fed to tighten credit.
+      A major factor affecting inflation is the value of the
+  dollar, which should continue to fall and feed inflation, says
+  a prominent international banker.
+      Rainer Gut, chairman of Credit Suisse, told the National
+  Press Club that the dollar's downward trend against the yen and
+  the mark will continue for years because the United States is
+  the world's largest debtor nation.
+      The Swiss banker said the economic indicators point to a
+  further slackening of activity and called naive the belief that
+  the five-year boom on world equity markets will go on forever.
+  "It is very difficult to be optimistic," Gut said.
+  
+
diff --git a/reuters/test/19480 b/reuters/test/19480
new file mode 100644
index 0000000000000000000000000000000000000000..7d2add1176e79643db1490df59b4801dc79dd5b7
--- /dev/null
+++ b/reuters/test/19480
@@ -0,0 +1,15 @@
+BRAZIL COULD EXPORT 19 MLN BAGS OF COFFEE -IBC
+  Brazil's coffee exports could amount to
+  19 mln bags this year, because of the excellent crop estimate
+  of 35.2 mln bags, an IBC spokesman said.
+      He said exports could surpass the average annual 18 mln
+  bags mark, especially if the final harvest to be conducted in
+  October and November confirms the crop at over 35 mln bags.
+      He said the average limit of errors for the official crop
+  harvest could be set at five pct above or below the first
+  estimates officially published today.
+      He said the IBC agreed with a request by producers for the
+  Institute to ask the government for a monthly indexation of the
+  guarantee minimum price.
+  
+
diff --git a/reuters/test/19482 b/reuters/test/19482
new file mode 100644
index 0000000000000000000000000000000000000000..0d51dfd526e94c81977b0ddf3a1dc546c4f8ffe2
--- /dev/null
+++ b/reuters/test/19482
@@ -0,0 +1,10 @@
+INVESTMENT PARTNERSHIP UPS FACET <FCT> STAKE
+  Charter Oak Partners, a Connecticut
+  investment partnership, said it raised its stake in Facet
+  Enterprises Inc to 480,000 shares, or 9.6 pct of the total
+  outstanding common stock, from 300,000 shares, or 6.0 pct.
+      In a filing with the Securities and Exchange Commission,
+  Charter Oak said it bought 180,000 Facet common shares on June
+  12 at 18.25 dlrs each.
+  
+
diff --git a/reuters/test/19483 b/reuters/test/19483
new file mode 100644
index 0000000000000000000000000000000000000000..5697f02713a77af1e6b2726ba157dadec8dfbccb
--- /dev/null
+++ b/reuters/test/19483
@@ -0,0 +1,61 @@
+UPTREND REMAINS INTACT FOR DEBT FUTURES
+  The six basis point rise of the past
+  month in U.S. debt futures may be extended next week by a
+  series of U.S. economic reports, analysts said, as long as the
+  dollar holds firm.
+      "Interest rates have declined by approximately 50 basis
+  points over the last month, largely over indications that
+  inflation is not as high as people had feared and the narrowing
+  U.S. trade balance, in nominal terms," Samuel Kahan, chief
+  financial economist with Kleinwort Benson Government
+  Securities, said.
+      Kahan said recent government reports have shown strength in
+  the economy during the first quarter, but his concern is
+  whether the U.S. economy will sustain that strength in the
+  longer term.
+      Weak U.S. economic growth could hurt the dollar, which has
+  become more important to the direction of debt futures than the
+  beneficial impact on interest rates of a sluggish economy.
+      The median trade expectations for Tuesday's U.S. Consumer
+  Price Index and Durable Goods reports are up 0.4 pct and down
+  1.5 pct, respectively.
+      Meanwhile, the eight billion dlr drop in the M-1 money
+  supply announced this week was "surprising, much larger than
+  expected," according to Kahan. "Unless quickly reversed," such
+  a trend "will ensure that June M-1 growth will be negative,"
+  Kahan said.
+      Taken in conjunction with M-2 and M-3 aggregates which
+  Kahan said have "slowed to a crawl, below Federal Reserve Board
+  annual targets," the consequences could be a hint of economic
+  weakness down the road, he said.
+      Based on chart formations, T-bond futures may be poised for
+  further gains, although the advance has been slowed recently,
+  analysts said.
+      September T-bonds "are up almost six points since about May
+  18," Merrill Lynch debt analyst Jim Duggan noted. September
+  bond futures climbed from the low of 87 a month ago to over 93
+  in mid-June, Duggan said.
+      While follow-through buying has aided the advance so far,
+  and bouts of short covering have prohibited a slide through
+  chart support, the rally in September T-bonds has been thwarted
+  above the 93 level.
+      "The 93 level is formidable resistance and must be taken
+  out before this activity is anything other than a trading range
+  market," Carroll McEntee and McGinley Futures debt analyst
+  Brian Singer said.
+      The dollar remains the key fundamental factor, and the U.S.
+  currency has made little headway of late, analysts said.
+      "The critical variable remaining in the market is the value
+  of the dollar," Kahan said.
+      Additional influences next week will be possible
+  developments ahead of an OPEC members meeting, and the impact
+  and size of the U.S. budget deficit, "although these will not
+  be in the forefront of the market early next week," Kahan said.
+      In looking ahead to the U.S. Treasury mini-refunding
+  auctions of 24.25 billion in T-notes on Tuesday, Wednesday and
+  Thursday, Singer said the market will likely greet the results
+  with little excitement. However, a successful auction could
+  prove to be a turning point, depending on prevailing market
+  psychology.
+  
+
diff --git a/reuters/test/19487 b/reuters/test/19487
new file mode 100644
index 0000000000000000000000000000000000000000..da813aa3f5bb91a6d42c2035f84f0fbf38e580bb
--- /dev/null
+++ b/reuters/test/19487
@@ -0,0 +1,7 @@
+ HK SHANGHAI BANK, STANDARD CHARTERED BANK RAISE PRIME
+1/2 POINT TO 7.5 PCT.
+
+   HK SHANGHAI BANK, STANDARD CHARTERED BANK RAISE PRIME
+  1/2 POINT TO 7.5 PCT.
+  
+
diff --git a/reuters/test/19489 b/reuters/test/19489
new file mode 100644
index 0000000000000000000000000000000000000000..3b2e1e27ad601751b2c5258609c98d94ef71a4cd
--- /dev/null
+++ b/reuters/test/19489
@@ -0,0 +1,25 @@
+VENEZUELA PROBES ALLEGED FOREIGN EXCHANGE FRAUD
+  Banking authorities and police are
+  investigating an alleged fraud by the second largest trading
+  house in the Caracas free foreign exchange market, Finance
+  Minister Manuel Azpurua told reporters.
+      The Superintendency of Banks and the Technical and Judicial
+  Police have both begun probes of Cambio la Guiara, Azpurua said
+  on Friday night.
+      Police said the owners of the firm, Mario Muggia and his
+  brother Luigi Muggia, have left Venezuela.
+      Cambio la Guiara operated in part on the "parallel market" in
+  which traders buy and sell dollars among themselves.
+      The Venezuelan central bank on June 17 suspended the
+  licences of all 21 foreign exchange operators in the parallel
+  market, blaming their speculation for the constant rise in the
+  value of the U.S. Dollar here.
+      Juan Domingo Cordero, vice-president of the Caracas Stock
+  Exchange and the owner of a foreign exchange trading house,
+  said on Friday he had begun legal action against Cambio la
+  Guiara for issuing him four checks without funds for a total
+  amount of almost one mln dlrs.
+      The Cambio la Guiara exchange house had operated in
+  Venezuela for more than 20 years.
+  
+
diff --git a/reuters/test/19491 b/reuters/test/19491
new file mode 100644
index 0000000000000000000000000000000000000000..5105205f8966e03773322218c0f989d26726969c
--- /dev/null
+++ b/reuters/test/19491
@@ -0,0 +1,14 @@
+KUWAIT SAYS IT HAS FULL GULF ARAB SUPPORT
+  Kuwait, whose shipping has come under
+  repeated attack by Iran, has the full support of Saudi Arabia
+  and other Gulf allies, a senior government official said.
+      Cabinet spokesman Abdul-Aziz al-Otaibi, quoted by the
+  Kuwaiti news agency KUNA yesterday, said Foreign Minister
+  Sheikh Sabah al-Ahmed al-Sabah had told cabinet he had found
+  "complete support...At this delicate phase" during visits to Gulf
+  Cooperation Council (GCC) states.
+      The GCC, an economic and military alliance which has
+  generally supported Iraq over Iran, comprises Bahrain, Kuwait,
+  Oman, Qatar, Saudi Arabia and the United Arab Emirates.
+  
+
diff --git a/reuters/test/19492 b/reuters/test/19492
new file mode 100644
index 0000000000000000000000000000000000000000..f01141e181b879646bd913e8bf7ca3f54a3f9f25
--- /dev/null
+++ b/reuters/test/19492
@@ -0,0 +1,16 @@
+SANTOS SAYS IT HAS SIGNIFICANT OIL FIND
+  Santos Ltd <STOS.S> said it had made a
+  significant oil discovery at its Mawson One well in the Moomba
+  block of the Cooper Basin, South Australia.
+      It said the well flowed oil from sands at an average rate
+  of 1,440 barrels per day from 2,131 to 2,135 metres through a
+  6mm choke.
+      Santos said the well was cased and suspended pending
+  further evaluation. But it said the proximity of the discovery
+  to existing production facilities at the Gidgealpa South field
+  would allow Mawson One to be brought into production rapidly.
+      Santos has a 60 pct stake in the block, <Delhi Petroleum
+  Pty Ltd> has 30 pct and <South Australian Oil and Gas Corp Pty
+  Ltd> has 10 pct.
+  
+
diff --git a/reuters/test/19497 b/reuters/test/19497
new file mode 100644
index 0000000000000000000000000000000000000000..10892226ceaaf0b82d8e6f6aea84f16a2e87566d
--- /dev/null
+++ b/reuters/test/19497
@@ -0,0 +1,55 @@
+OIL MARKETS SHOW RESPECT FOR NEW OPEC ACCORD
+  OPEC has shown itself to be in control
+  of the world oil situation with its speed in hammering out a
+  pact to limit crude oil output to 16.6 mln barrels per day
+  (bpd) for the rest of 1987, oil traders said.
+      They said market respect for the cartel has increased since
+  it announced Saturday that it would cut fourth quarter output
+  to 16.6 mln bpd from the 18.3 mln agreed in December.
+      "There are light oversupplies now, but OPEC ... Has ensured
+  there will be no oversupplies in the fourth quarter, and is in
+  effect putting pressure on end-users," a European crude oil
+  trader said.
+      In Tokyo, one oil analyst said, "There's no reason to expect
+  a weak market from now on."
+      A Japanese oil trader, also based in Tokyo, said, "We
+  thought OPEC would have difficulty agreeing on fourth quarter
+  production so the market will react very bullishly."
+      Traders in Singapore said that while there has been only a
+  slight increase so far in spot quotes for Dubai, a benchmark
+  crude, they expect price increases over the next few days.
+      August Dubai was discussed in cautious early activity at
+  around 17.35 dlrs, above Friday's 17.15-20 range, but still
+  below the government selling price (GSP) of 17.42.
+      Even prices of light Mideast grades, such as Qatar and Abu
+  Dhabi crudes, are expected to improve from recent weak
+  positions, 15 to 20 cents below their GSP's. Singapore traders
+  said sellers might now aim for GSP's at least.
+      They said that after initial jumps, they expect prices to
+  stabilise and hover around GSPs for the next few months.
+      They said the Japanese oil market would be most affected
+  and Japanese end-users would need to rebuild stocks for winter
+  requirements before October.
+      Prices are most likely to rise in the fourth quarter on
+  European and U.S. Stockbuilding for winter, they added.
+      "There's no doubt consumption will be higher than production
+  by the fourth quarter and stocks are not that high," said an
+  international trader in Tokyo. Another Tokyo trader was less
+  bullish, "For sure there will be some shortage but it depends on
+  how much they (OPEC members) cheat."
+      A Singapore trade source said, "There is enough cheating and
+  leakage in the OPEC sales system to convince traders there is
+  no need to worry about shortages."
+      Other traders said the questionable Iraqi production level,
+  after Iraq's rejection of its assigned quota, was a bearish
+  factor to be considered.
+      Traders also said end-users now would buy as much as
+  possible on term contracts and buy spot only when the market
+  cooled from its initial reaction to the OPEC agreement.
+      Spot product prices in Singapore were little changed in
+  thin early discussions, with naphtha and middle distillates
+  quiet on minimal buying interest.
+      Fuel oil products were steady to firm on light demand and
+  tight prompt supplies, dealers said.
+  
+
diff --git a/reuters/test/19499 b/reuters/test/19499
new file mode 100644
index 0000000000000000000000000000000000000000..adb646ff0e02b29d0d08b9bd4477cfd56dcabdf0
--- /dev/null
+++ b/reuters/test/19499
@@ -0,0 +1,58 @@
+FAR EAST TRADERS EXPECT 20 DLR OIL IN JANUARY
+  OPEC's agreement to limit output to 16.6
+  mln barrels per day (bpd) for the rest of the year should boost
+  spot prices and enable the group to raise its official
+  reference price to 20 dlrs a barrel in January from the current
+  18 dlrs, Far East oil industry sources said.
+      "Fundamentally, the market situation is bullish and the
+  official price will be 20 dlrs in January," a Japanese refiner
+  said.
+      The sources said that in spite of over-production by OPEC
+  members such as Iraq, the United Arab Emirates, Kuwait and
+  Qatar, demand should exceed supply by the fourth quarter.
+      Spot oil prices surged on Friday in late U.S. Trading as
+  the market anticipated an OPEC agreement on second-half 1987
+  output. In early Tokyo trade, levels were firm at 17.30 dlrs
+  for Mideast Dubai cargoes loading next month and 19.00 dlrs for
+  U.K. Brent, traders said.
+      They said they expect more foreign crudes to be sucked into
+  the U.S. Market as the benchmark crude West Texas Intermediate
+  (WTI) trades at around 20.30 dlrs.
+      "With WTI at 20, 21 or 22 dlrs, U.S. Refiners will import
+  Mideast and Far East crudes and this will strengthen those
+  grades further," said a Japanese oil trader.
+      Some Tokyo traders were cautious about whether thU spot
+  market has further upward potential in the short term, having
+  risen strongly on the OPEC news on Friday.
+      "You could certainly argue that if New York rose on that
+  basis, there's no reason for prices to go up again today," said
+  one international oil trader in Tokyo.
+      "But I think if there's any sign of a dip, it will be bought
+  back up again pretty quickly," he added.
+      One oil industry analyst concurred, "There is no reason to
+  expect a weak market from now on." He said he expected OPEC to
+  raise prices to 20 dlrs when it meets on December 9.
+      Oil sources said spot prices are unlikely to surge strongly
+  in the next few months due to cheating by some OPEC members and
+  the likelihood that Saudi Arabia will act as swing producer to
+  maintain steady prices.
+      Iraq is currently producing around two mln barrels per day
+  compared to its second-half quota of 1.54 mln, they said. Its
+  export capability will rise to 2.5 mln bpd when a new pipeline
+  through Turkey, comes onstream in or around September.
+      Qatar is said to be achieving sales of around 350,000 bpd,
+  against its OPEC-assigned quota of 299,000, by discounting up
+  to 20 cents a barrel from official prices, the sources said.
+      Iran, the United Arab Emirates and Kuwait are also cheating
+  on the OPEC agreement with over-production and effective price
+  discounts through counter-purchases, industry sources said. But
+  they mostly agreed that Saudi Arabia will unofficially act as
+  swing producer, cutting production to compensate for higher
+  output by other members or boosting output if spot prices rise
+  too high too fast.
+      Saudi Arabia has a floating oil stockpile of 40 to 50 mln
+  barrels. "Saudi Arabia wants oil price stability so the
+  stockpile may be utilized to cool down the market if it rises
+  too much," an oil industry analyst said.
+  
+
diff --git a/reuters/test/19500 b/reuters/test/19500
new file mode 100644
index 0000000000000000000000000000000000000000..b422c57b28b73d9afca02cdb614ec761abd39297
--- /dev/null
+++ b/reuters/test/19500
@@ -0,0 +1,13 @@
+JAPAN TO RATIFY 1986 INTERNATIONAL COCOA AGREEMENT
+  Japan will ratify the 1986 International
+  Cocoa Agreement (ICCA), with effect from July 1, and will renew
+  its membership in the International Cocoa Organisation (ICCO),
+  Foreign Affairs Ministry officials said.
+      They said Japan would participate in an ICCO meeting on
+  July 13 in London to revise ICCO buffer stock policy.
+      The 1986 ICCA has been in effect since January 1987.
+      Government approval to participate in the ICCO was delayed
+  by parliamentary debate over the sales tax issue, the officials
+  said.
+  
+
diff --git a/reuters/test/19501 b/reuters/test/19501
new file mode 100644
index 0000000000000000000000000000000000000000..e5abb1d0fdcf0ead848d4e675d77728f7aaaebd4
--- /dev/null
+++ b/reuters/test/19501
@@ -0,0 +1,7 @@
+Willis Faber says it making agreed 302.6 mln stg bid for
+Stewart Wrightson
+
+  Willis Faber says it making agreed 302.6 mln stg bid for
+  Stewart Wrightson
+  
+
diff --git a/reuters/test/19505 b/reuters/test/19505
new file mode 100644
index 0000000000000000000000000000000000000000..fb78d1ec90251fd8823b63ee1afe64b22d40b4ec
--- /dev/null
+++ b/reuters/test/19505
@@ -0,0 +1,34 @@
+SAUDI OIL COMPANY GETS NEW ACTING GOVERNOR
+  The acting governor of Saudi Arabia's
+  state-owned oil company, Petromin, Jamal Hassan Jawa, has
+  retired at his own request, oil industry sources said.
+      They said Ali Ibrahim Rubaishi, head of organisation
+  planning in Petromin, would take over as acting governor.
+      Jawa held the post since his predecessor, Abdul-Hadi Taher,
+  left in a major oil industry shake up last December.
+      The sources said Rubaishi had not been expected to hold the
+  post permanently.
+      The government removed Taher and Oil Minister Ahmed Zaki
+  Yamani from their posts late last year in a move which industry
+  sources said was aimed at coming to grips with a buyers' oil
+  market.
+      The two men had run the Saudi oil industry for more than 20
+  years. Industry sources said that despite huge resources, Saudi
+  Arabia had been unable to mould an oil marketing strategy tuned
+  to the competitive realities of the 1980s glut.
+      Hisham Nazer, who replaced Yamani, successfully led an
+  OPEC-engineered return to fixed oil prices of 18 dlrs a barrel
+  last December.
+      Nazer is believed to be reviewing Saudi oil operations
+  which could lead to a thorough overhaul in the way Saudi Arabia
+  does business, the sources said.
+      The sources had said possible candidates for the governor's
+  job include Prince Abdul Aziz Ibn Salman Ibn Abdul Aziz, who
+  earlier ran a research center at Saudi Arabia's University of
+  Petroleum and Minerals, and former Deputy Planning Minister
+  Faisal Beshir. They also list Abdulla Bakr, President of the
+  University of Petroleum and Minerals, economist Ali Jonahi,
+  Ahmed Shinawi, and Zuheir Masoud, director of Jeddah Islamic
+  Port.
+  
+
diff --git a/reuters/test/19506 b/reuters/test/19506
new file mode 100644
index 0000000000000000000000000000000000000000..e7607218e7254c395bcf5036c6ee538bcee1a593
--- /dev/null
+++ b/reuters/test/19506
@@ -0,0 +1,14 @@
+UAE OIL MINISTER OTEIBA VISITS EGYPT - AGENCY
+  UAE Oil Minister Mana Said al-Oteiba
+  arrived in Alexandria last night for a visit to Egypt, the
+  national Middle East News Agency (MENA) said.
+      It said Oteiba, who had just attended the OPEC ministerial
+  meeting in Vienna, would stay for several days but gave no
+  details.
+      Non-OPEC Egypt has pledged to restrain output to support
+  OPEC's moves to boost oil prices. Oil Minister Abdel Hadi
+  Kandeel last week said Egypt plans to leave its oil production
+  of 870,000 barrels per day unchanged for the next five years.
+  Egypt is able to produce up to one mln bpd.
+  
+
diff --git a/reuters/test/19507 b/reuters/test/19507
new file mode 100644
index 0000000000000000000000000000000000000000..6511bfa20b952b7b5054d797fa6cbfae1996ecfb
--- /dev/null
+++ b/reuters/test/19507
@@ -0,0 +1,25 @@
+WILLIS FABER BIDS FOR STEWART WRIGHTSON
+  Willis Faber Plc <WIFL.L> will make an
+  agreed 302.6 mln stg offer for fellow insurance broker <Stewart
+  Wrightson Plc>, a joint statement said.
+      The offer would be on the basis of three Willis shares for
+  every two in Stewart, valuing each Stewart share at about
+  655.5p.
+      Willis already owns 2.05 mln shares, or 4.62 pct, and has
+  received acceptances from Stewart's directors for a further
+  247,469 shares.
+      Full acceptance of the offer would involve the issue of
+  66.2 mln new Willis shares, or 28.2 pct of the enlarged total.
+      The companies said the proposed merger would bring together
+  businesses that were largely complementary. Both believed the
+  combination would permit more effective competition throughout
+  the world and enahnce the service provided to clients.
+      Following the merger, the two companies saw significant
+  opportunities for growth in brokerage income and considerable
+  scope for improved operating efficiency.
+      Willis shares were suspended on Friday at 437p. When
+  trading restarted they dropped sharply to 393p.
+      Stewart Wrightson shares rose to 576p at 0835 gmt from a
+  suspension price of 499p.
+  
+
diff --git a/reuters/test/19509 b/reuters/test/19509
new file mode 100644
index 0000000000000000000000000000000000000000..dca5edfd80d01c3b61331f54dd52618c67b2a563
--- /dev/null
+++ b/reuters/test/19509
@@ -0,0 +1,50 @@
+NORWAY EXTENDS 7.5 PCT OIL OUTPUT CUT - MINISTRY
+  Norway will extend its 7.5 pct cutback in
+  planned North Sea oil output in support of OPEC from July 15
+  until the end of this year, Oil Ministry spokesman Egil Helle
+  told Reuters.
+      "We took a very positive view of the OPEC meeting in Vienna,"
+  he said. "The accord reached there means stability in the oil
+  market and we shall continue making our contribution."
+      The cuts, originally brought in from February 1, would
+  probably be officially approved on July 10 by parliament, Helle
+  said. The ministry had written to Norway's oil companies and
+  would now discuss with them how best to implement the cuts.
+      OPEC agreed this weekend in Vienna on an output ceiling of
+  16.6 mln barrels per day (bpd) for the rest of 1987 and
+  retained the fixed prices that were set in its December accord
+  based on an 18 dlr per barrel reference point.
+      OPEC's first half 1987 output ceiling was 15.8 mln bpd, and
+  it's December pact had provisionally set a third quarter
+  ceiling of 16.6 mln bpd, rising to 18.3 mln in the fourth
+  quarter.
+      Norway, which pumps around one mln bpd from its offshore
+  fields, previously said it would continue its output curbs from
+  planned production for the rest of the year if OPEC remained
+  within its December accord on output and prices.
+      Norway's oil production rose 10 pct to an average of around
+  840,000 bpd in 1986. Since then it has risen to around one mln
+  bpd, and is expected to reach about 1.5 mln bpd by 1995.
+      The 7.5 pct cut from planned production implemented since
+  February reduced Norway's oil output by about 80,000 bpd.
+      Norway's Oil Minister Arne Oeien, currently in Iceland for
+  a meeting of Nordic ministers, has made no official statement
+  on the latest oil production cutbacks.
+      Over the past year several other leading non-OPEC
+  producers, including the Soviet Union, Mexico, China, Malaysia
+  and Egypt have also pledged support for OPEC's bid to keep
+  prices stable.
+      Norway decided on the initial round of cuts following an
+  OPEC agreement last December which boosted oil prices to around
+  18 dlrs per barrel from around 14 to 15 dlrs last December.
+      Norway relies on oil for about 40 pct of its total export
+  earnings and was hit hard by the collapse in the oil price
+  during the first half of 1986.
+      But firmer oil prices since then have brought some
+  stability to the economy and helped narrow the foreign trade
+  deficit.
+       Norway's North Sea neighbour Britain has consistently
+  refused to cooperate with OPEC output cuts saying it is up to
+  the producing oil companies to set the levels of production.
+  
+
diff --git a/reuters/test/19510 b/reuters/test/19510
new file mode 100644
index 0000000000000000000000000000000000000000..93e1806df2f16a781d792aef929bf737971cc6d8
--- /dev/null
+++ b/reuters/test/19510
@@ -0,0 +1,27 @@
+BRENT TO BUY LONRHO DIVISION, PROPOSES RIGHTS
+  <Brent Walker Group Plc> said it had
+  agreed to buy the group of companies comprising Lonrho Plc's
+  <LRHO.L> Metropole Casino Division, together with a freehold in
+  central London, for 121.55 mln stg.
+      Payment will be in cash on completion except for three mln
+  stg payable on December 1, 1988.
+      Brent said it also proposed to raise about 126 mln stg net
+  through the issue of 131.67 mln convertible shares at one stg
+  each. The shares can be converted between 1990 and 2002 at the
+  rate of four ordinary shares for every 15 convertibles held.
+      On full conversion, the issued ordinary share capital of
+  the company would increase by some 64 pct.
+      <Birdcage Walk Ltd>, a company controlled by the Walker
+  family, owns 20.68 pct of the shares and is entitled to 27.2
+  mln convertible shares under the offer. The trustees had
+  indicated that it intended to sell enough of the convertibles,
+  nil paid, to enable it to take up the remainder.
+      Brent would buy the casino companies and the freehold of
+  45, Park Lane in London. Under the arrangements, it would also
+  arrange for the repayment of 6.45 mln stg in inter-company
+  debt.
+      Brent Walker shares firmed sharply on the announcement to
+  385p from 353p at Friday's close, while Lonrho also firmed, to
+  275p from 265.5p.
+  
+
diff --git a/reuters/test/19511 b/reuters/test/19511
new file mode 100644
index 0000000000000000000000000000000000000000..c73583b4cceae42170a475ec9651cce947df3e8f
--- /dev/null
+++ b/reuters/test/19511
@@ -0,0 +1,33 @@
+BANK OF JAPAN DETERMINED TO KEEP EASY MONEY POLICY
+  The Bank of Japan bought 100 billion yen
+  in certificates of deposit (CDs) via repurchase agreements
+  today to show its determination to maintain an easy money
+  policy, central bank officials said.
+      "Today's CD buying operation was designed to seek an
+  announcement effect, in which we would reassure the market of
+  the fact that we have not changed our policy stance," a senior
+  central bank official told Reuters.
+      The bank also bought 400 billion yen in two-month
+  commercial bills to smooth out tight credit conditions in the
+  interbank market today, the officials said.
+      The central bank was concerned about growing market
+  expectations of higher interest rates, which were in part
+  responsible for the recent plunge in stock and yen bond prices,
+  the officials said.
+      But money traders said the market generally shrugged off
+  the bank's CD operation because it was small and at a rate far
+  below prevailing market rates. The rate on the key three-month
+  CDs in the primary market was 4.08/00 pct, while the bank's bid
+  was 3.75 pct, they said.
+      The bank's bill buying operation also had little impact
+  because it was regarded as a routine operation, they said.
+      The money traders said they regarded the central bank's CD
+  buying operation as simply a gesture to live up to Japan's
+  pledge to guide interest rates lower and stimulate the economy.
+      "We did not expect the central bank to ease its credit grip
+  any further," a bank manager said, adding that the prevailing
+  market expectation of higher rates will remain.
+      "If this is the case, the three-month CD rate will stay
+  above four pct for the time being," he said.
+  
+
diff --git a/reuters/test/19512 b/reuters/test/19512
new file mode 100644
index 0000000000000000000000000000000000000000..ad4de3e195ab855a5254ee1d42fc78cd46cf646b
--- /dev/null
+++ b/reuters/test/19512
@@ -0,0 +1,20 @@
+BANK OF JAPAN TO SELL 1,200 BILLION YEN IN BILLS
+  The Bank of Japan will tomorrow sell 1,200
+  billion yen in bills from its holdings to help absorb a
+  projected money market surplus of 2,100 billion, money market
+  traders said.
+      Of the total, 800 billion yen will yield 3.6004 pct on
+  sales from money houses to banks and securities houses in
+  34-day repurchase agreements maturing on August 3.
+      The other 200 billion yen will yield 3.6003 pct in 43-day
+  repurchase accords maturing on August 12.
+      The remaining 200 billion yen will yield 3.6503 pct in
+  50-day repurchase agreements maturing on August 19.
+      The repurchase agreement yields compare with the 3.5625 pct
+  one-month commercial bill discount rate today and 3.6250 pct on
+  two-month bills.
+      They attributed the projected surplus mainly to 1,900
+  billion yen of government tax allocations to local governments
+  and public bodies.
+  
+
diff --git a/reuters/test/19513 b/reuters/test/19513
new file mode 100644
index 0000000000000000000000000000000000000000..ae92d33628ae28cdf8f9ee221594dacc19bba9c0
--- /dev/null
+++ b/reuters/test/19513
@@ -0,0 +1,7 @@
+ German June cost of living 0.2 pct above year-ago (May
+rise 0.2 pct) - official
+
+   German June cost of living 0.2 pct above year-ago (May
+  rise 0.2 pct) - official
+  
+
diff --git a/reuters/test/19515 b/reuters/test/19515
new file mode 100644
index 0000000000000000000000000000000000000000..658623d5d542ff98af890ea2a57b8b66168c957a
--- /dev/null
+++ b/reuters/test/19515
@@ -0,0 +1,9 @@
+RICOH CO LTD <RICT.T> YEAR ENDED MARCH 31
+  Group shr 24.20 yen vs 37.42
+      Net 10.95 billion vs 15.46 billion
+      Pretax 25.25 billion vs 31.15 billion
+      Operating 28.39 billion vs 31.73 billion
+      Sales 592.37 billion vs 593.86 billion
+      NOTE - No forecast for current year
+  
+
diff --git a/reuters/test/19529 b/reuters/test/19529
new file mode 100644
index 0000000000000000000000000000000000000000..2aebec9f0bf219257eb41bd98117a1bdb7ff0146
--- /dev/null
+++ b/reuters/test/19529
@@ -0,0 +1,9 @@
+UAE CENTRAL BANK CD YIELDS UNCHANGED
+  Yields on certificates of deposit (CDs)
+  issued today by the United Arab Emirates central bank were
+  unchanged from those on last Monday's offer, the bank said.
+      The one month yield was set at last week's 6-3/4 pct, while
+  two and three month CDs also remained unchanged at 6-13/16 pct.
+  The six month yield was set at seven pct.
+  
+
diff --git a/reuters/test/19534 b/reuters/test/19534
new file mode 100644
index 0000000000000000000000000000000000000000..1f28a2a6d64c5759dc64256b6bd11c7e48b45830
--- /dev/null
+++ b/reuters/test/19534
@@ -0,0 +1,25 @@
+EC PRESIDENCY PREPARED TO DROP OILS AND FATS TAX
+  Belgium, current holder of the European
+  Community presidency, appears ready to drop a controversial
+  oils and fats tax from this year's hotly-contested farm price
+  package, diplomats said.
+      In a discussion document prepared for today's summit
+  meeting of EC leaders, Belgium proposed the so-called
+  "stabilising mechanism" be the subject of "further study and
+  consultation with the Community's main trading partners."
+      The proposal for a tax of as much as 330 Ecus per tonne on
+  both imported and domestically-produced vegetable and marine
+  oils and fats has attracted a storm of international criticism.
+      The discussion document, aimed at preventing a cash row at
+  the summit and breaking the deadlock at this year's farm price
+  talks, contained the first formal reference to dropping the
+  measure.
+      Britain and Denmark, which assumes the EC presidency on
+  June 30, have led the opposition to the measure. They are
+  supported by West Germany and the Netherlands and, to a lesser
+  extent, Spain.
+      Although the paper was not universally welcomed, diplomats
+  said, the proposal to postpone consideration of the tax for a
+  further six months was certain to survive any redrafting.
+  
+
diff --git a/reuters/test/19537 b/reuters/test/19537
new file mode 100644
index 0000000000000000000000000000000000000000..37af1e7be6ec272e226a84107f22b4e55e717fb6
--- /dev/null
+++ b/reuters/test/19537
@@ -0,0 +1,7 @@
+ NORWAY CENTRAL BANK SELLS CROWNS TO EASE UPWARD PRESSURE
+ON CURRENCY - DEALERS
+
+   NORWAY CENTRAL BANK SELLS CROWNS TO EASE UPWARD PRESSURE
+  ON CURRENCY - DEALERS
+  
+
diff --git a/reuters/test/19539 b/reuters/test/19539
new file mode 100644
index 0000000000000000000000000000000000000000..26a09af900d19687c4c7f9aa114936838af6b745
--- /dev/null
+++ b/reuters/test/19539
@@ -0,0 +1,37 @@
+BANGLADESH'S TRADE GAP TO WIDEN IN 1987/88
+  Bangladesh's trade gap is expected to
+  widen in fiscal 1987/88 beginning on July 1 after the
+  government relaxed restrictions on some imports including
+  luxury cars.
+      The country has set its export target for the year at 1.1
+  billion U.S. Dlrs against imports of 1.805 billion dlrs,
+  compared with 1986/7's one billion dlrs of export earnings and
+  1.113 billion dlrs of imports.
+      Commerce Minister Mohammad Abdul Munim said the changes
+  were aimed at encouraging export oriented industries to boost
+  foreign exchange earnings and imports of essential machinery
+  and raw materials, to increase industrial production.
+      The government was easing procedures to enhance incentives
+  especially for exporters of textiles and frozen food and
+  importers of industrial machinery and raw materials, Munim told
+  reporters.
+      Commerce Ministry officials told Reuters the import policy
+  covered only commercial imports amounting to 1.805 billion
+  dlrs. Imports of capital machinery and foodgrains by the
+  government were not included in the policy, they added.
+      They said the country's total import bill (both commercial
+  and other imports) was expected to reach 2.7 billion dlrs in
+  the new year compared with 2.4 billion dlrs in 1986/87.
+      The minister said ending restrictions on imports of cars
+  and dropping 50 pct sales tax on small cars would not harm the
+  economy.
+      Munim said Bangladesh feared a further drop in prices for
+  its main export jute, "which will certainly affect our export
+  earnings" in the coming year.
+      Bangladesh's jute exports fell to 410 mln dlrs from 500 mln
+  in 1986/87, according official figures.
+      But Munim said exports of non-traditional items, which
+  accounted for over 40 pct of total exports this year, would
+  play a key role in achieving the 1987/88 export target.
+  
+
diff --git a/reuters/test/19540 b/reuters/test/19540
new file mode 100644
index 0000000000000000000000000000000000000000..81e7d47589dd39d9b5cc8058c755b5aa7bf89b98
--- /dev/null
+++ b/reuters/test/19540
@@ -0,0 +1,36 @@
+CHINA ALUMINIUM VENTURE AIMS AT SOUTH KOREA
+  China and Australia's Victoria state
+  signed a joint venture contract for a 290 mln dlr aluminium
+  processing plant in China that will export to South Korea,
+  Australian officials told journalists.
+      China has no official direct trade or government ties with
+  Seoul, while it maintains close links with North Korea.
+      China International Trust and Investment Corporation
+  (CITIC) would have 75 pct of the equity in <Bohai Aluminium
+  Industries Ltd>, the company to build the rolling mill and
+  extrusion plant on the northeast China coast, they said.
+      It was China's largest joint venture so far, they said.
+      "A joint venture opens up the potential for penetrating
+  markets that would not otherwise be possible (for China),"
+  Victoria state treasurer Rob Jolly said.
+      An Australian diplomat said CITIC was eager to pursue South
+  Korean markets. Indirect trade between China and Seoul is
+  growing but is not officially publicised.
+      Victoria's <Aluvic Ltd>, on behalf of the state government,
+  will hold a 25 pct equity stake in the project, which is
+  intended as a sister plant to Victoria's Portland aluminium
+  smelter. CITIC in May agreed to invest about 80 mln dlrs in
+  Portland.
+      The China-based joint venture would process Portland
+  aluminium and aim to sell aluminium products to the domestic
+  Chinese market as well as for export, Jolly said.
+      The Australian side's investment was limited to about 22
+  mln dlrs, but Aluvic would have the right to appoint key
+  managers, he said.
+      Australian officials said they hoped the goodwill generated
+  by their participation would lead to further CITIC investment
+  in Victoria. The Chinese group enjoys a high level of
+  independence from Peking's central government and has extensive
+  overseas investments.
+  
+
diff --git a/reuters/test/19541 b/reuters/test/19541
new file mode 100644
index 0000000000000000000000000000000000000000..3cefb2773b56cd08f92b0af63d5024c3d0d95067
--- /dev/null
+++ b/reuters/test/19541
@@ -0,0 +1,24 @@
+NORWAY CENTRAL BANK SELLS CROWNS TO EASE PRESSURE
+  Norway's central bank sold crowns in the
+  open market in a bid to ease strong upward pressure on the
+  currency, which threatens to rise above set levels in a basket
+  of currencies, dealers said.
+      The central bank declined comment, but dealers noted the
+  bank had also intervened and sold small amounts of crowns on
+  Friday. The bank is committed to defending the crown at certain
+  levels in a basket of 14 trade-weighted currencies.
+      "They've been in again this morning, selling piecemeal
+  whenever they think necessary," a senior dealer at an Oslo bank,
+  who declined to be identified, told Reuters.
+      The crown's index is currently around 109.60 in the basket
+  -- close to its upper limit of 109.50 which the central bank is
+  committed to defending.
+      A low index figure indicates a high value for the crown.
+  The limit at the other end of the scale is set at 114.50.
+      The crown has been bolstered by high Norwegian interest
+  rates, currently around 16 pct in the money market, and better
+  than expected economic indicators which showed a sharply
+  reduced foreign trade deficit in May and inflation stabilising
+  around the current annual rate of 10 pct.
+  
+
diff --git a/reuters/test/19545 b/reuters/test/19545
new file mode 100644
index 0000000000000000000000000000000000000000..099a2c255622fa85be82322f309e61ed5f093c7e
--- /dev/null
+++ b/reuters/test/19545
@@ -0,0 +1,7 @@
+BANK OF FRANCE CUTS INTERVENTION RATE TO 7-1/2 PCT FROM
+7-3/4 PCT - OFFICIAL
+
+  BANK OF FRANCE CUTS INTERVENTION RATE TO 7-1/2 PCT FROM
+  7-3/4 PCT - OFFICIAL
+  
+
diff --git a/reuters/test/19546 b/reuters/test/19546
new file mode 100644
index 0000000000000000000000000000000000000000..2800a8977d6738a4e21a55424b4aa054dd014442
--- /dev/null
+++ b/reuters/test/19546
@@ -0,0 +1,25 @@
+EC, U.S. REMAIN DIVIDED OVER PASTA DISPUTE
+  Top-level talks last week between the
+  European Community (EC) and the United States failed to resolve
+  a dispute over pasta which may provoke new trade frictions next
+  month, diplomatic sources said.
+      The U.S. Insists the EC complies with what it regards as an
+  unambiguous ruling from the world trade body GATT and
+  dismantles an export subsidy system which has led to Italy
+  taking an increasing share of the U.S. Pasta market.
+      The sources said the EC, which currently provides subsidies
+  of around 16 cents a pound, offered a compromise in last week's
+  talks in Brussels but that this was rejected by the U.S.
+      U.S. Assistant Special Trade Representative Jim Murphy has
+  returned to Washington ahead of a theoretical July 1 deadline
+  for agreement, set last August when the two sides resolved a
+  related dispute over EC restrictions on U.S. Citrus imports.
+      The diplomatic sources said the citrus issue could be
+  reopened if the pasta dispute was not solved quickly. It was
+  also possible the U.S. Would reimpose a 40 pct tariff on EC
+  pasta, lifted when the citrus row was settled.
+      But the two sides may agree to extend the deadline for a
+  few days as EC Commissioners Willy de Clercq and Frans
+  Andriessen are due to visit Washington from July 7 to 10.
+  
+
diff --git a/reuters/test/19547 b/reuters/test/19547
new file mode 100644
index 0000000000000000000000000000000000000000..4e3876945d2684b503b8d76199839c97561d5bb3
--- /dev/null
+++ b/reuters/test/19547
@@ -0,0 +1,7 @@
+BANK OF FRANCE CUTS SEVEN-DAY REPURCHASE RATE TO EIGHT
+PCT FROM 8-1/4 PCT - OFFICIAL
+
+  BANK OF FRANCE CUTS SEVEN-DAY REPURCHASE RATE TO EIGHT
+  PCT FROM 8-1/4 PCT - OFFICIAL
+  
+
diff --git a/reuters/test/19549 b/reuters/test/19549
new file mode 100644
index 0000000000000000000000000000000000000000..672bd514471609a865ee78a1cb878189b8f5f27b
--- /dev/null
+++ b/reuters/test/19549
@@ -0,0 +1,14 @@
+POLISH FARM PRICES AND COSTS TO RISE FROM JULY
+  Polish farmers will receive price rises
+  ranging from 13.4 pct for some crops to 23.3 pct for meat from
+  July 1, the Finance and Agriculture ministries said.
+      The state procurement price for rape will rise 13.4 pct to
+  5,500 zloties per quintal, while wheat and rye will go up an
+  average 18.2 pct to 3,100 and 2,400 zloties per quintal. Pork
+  will rise by 18.8 pct and beef 23.3 pct.
+      The ministries said the new prices aimed to ensure farmers'
+  profits and meet higher living costs. But at the same time they
+  said fertilisers would rise by an average 50 pct, animal feeds
+  by 38 pct and tractors by 25 pct.
+  
+
diff --git a/reuters/test/19551 b/reuters/test/19551
new file mode 100644
index 0000000000000000000000000000000000000000..8e0a4179ba4405c34ade32a1ceaf8b34949b6708
--- /dev/null
+++ b/reuters/test/19551
@@ -0,0 +1,31 @@
+EC FARM MINISTERS TO MEET TOMORROW AFTER SUMMIT
+  European Community agriculture
+  ministers will meet tomorrow evening, after the end of a
+  two-day summit meeting of heads of government, to again attempt
+  to agree a 1987/88 farm price package, an EC Commission
+  spokesman said.
+      He added that tomorrow's EC Official Journal will contain
+  notice of special agricultural measures of a purely technical
+  nature which will come into effect on July 1 unless the
+  ministers reach an accord.
+      The spokesman declined to detail these special measures but
+  said they would not be the sort of "dynamic" moves which EC Farm
+  Commissioner Frans Andriessen has said he would take in the
+  case of complete deadlock among farm ministers.
+      These moves would be taken only if tomorrow's meeting of
+  ministers in Brussels again fails to reach an accord, EC
+  sources said.
+      Andriessen is thought to be prepared to cut cereals prices
+  by seven pct and to take other drastic action, trade sources
+  said.
+      EC farm ministers ended their last meeting on June 18 still
+  split over the Commission's proposal for a tax on vegetable and
+  marine oils and fats.
+      In addition, West Germany said it would veto plans for
+  cereal price cuts and for a change in the green currency
+  system.
+      Earlier today, diplomats said Belgium, the current holder
+  of the European Community presidency, appears ready to drop the
+  plans for the controversial oils and fats tax.
+  
+
diff --git a/reuters/test/19555 b/reuters/test/19555
new file mode 100644
index 0000000000000000000000000000000000000000..c6e7e44cd872d3c66f37cd109e0a222a36cb58b8
--- /dev/null
+++ b/reuters/test/19555
@@ -0,0 +1,25 @@
+CANADA THREATENS BAN ON DANISH PIGMEAT IMPORTS
+  Canada has threatened to stop imports
+  of Danish pigmeat from July 14 after Canadian veterinary
+  inspectors approved only two of 33 slaughterhouses, a Danish
+  agriculture ministry official told Reuters.
+      The Canadians postponed the original July 1 deadline at the
+  request of the European Commission, which Denmark approached
+  for support.
+      Danish Foreign Minister Uffe Ellemann-Jensen said in an
+  interview with the daily Berlingske Tidende: "Denmark will not
+  accept a ban on Danish meat exports, and I am sure we can reach
+  an understanding with the Canadians with the help of the EC."
+      Danish pigmeat exports to Canada were worth 106 mln crowns
+  in 1986, while Canadian exports to the European Community
+  totalled about 6.5 billion U.S. Dlrs.
+      Some Danish slaughterhouse officials expressed suspicion
+  that the Canadian action was in response to tightening up by EC
+  veterinary inspectors on Canadian food exports to the EC.
+      But an official at the Canadian embassy in Copenhagen said
+  the inspection of Danish slaughterhouses was based on EC
+  regulations. "Canadian officials are very concerned about the
+  trade implications. We are holding active discussions with the
+  EC and bilaterally," she added.
+  
+
diff --git a/reuters/test/19556 b/reuters/test/19556
new file mode 100644
index 0000000000000000000000000000000000000000..612e9f7547f96f048ea4f25e03af413830c063e4
--- /dev/null
+++ b/reuters/test/19556
@@ -0,0 +1,61 @@
+EXTRACTS FROM OPEC COMMUNIQUE
+  Following are extracts from the
+  communique issued at the conclusion of the OPEC conference
+  here.
+      "The conference expressed satisfaction about the positive
+  results of the agreement signed in December, 1986, by which
+  OPEC re-established the system of fixed price at a level of 18
+  dlrs per barrel supported by OPEC production ceilings
+  distributed into national production levels.
+      "The conference noted that all market indicators, including
+  spot prices in the market and netback values of all OPEC
+  crudes, have been firming up significantly, thus consolidating
+  the OPEC price structure as defined by the agreement."
+      "The conference examined the supply/demand outlook for the
+  second half of the year and decided that in order to secure
+  continued firm prices in the market, OPEC production during the
+  fourth quarter of 1987 will be equal to that of the third
+  quarter, I.E. 16.6 mln barrels per day (bpd), distributed into
+  the same national production levels as were defined by the
+  above-mentioned agreement for that quarter."
+      "Furthermore, the conference decided to establish a
+  committee of five heads of delegation to monitor the price
+  evolution in the market in relation to the OPEC official prices
+  in order to secure price stability around the opec price
+  structure.
+      "Should there be any significant change in market prices,
+  the committee would immediately call for an extraordinary
+  meeting of the conference with a view to deciding on the
+  necessary OPEC production levels during the second half of the
+  year, which would secure the desired market stability."
+      "The conference reiterated the necessity of member
+  countries' strict adherence to the agreement signed in December
+  1986, both in terms of official price, and national production,
+  levels.
+      "For this purpose, the conference decided to establish a
+  committee of three heads of delegation to undertake visits to
+  member countries in order to motivate them to comply with the
+  terms of the agreement."
+  
+      "Moreover, the conference stressed the necessity of the
+  cooperation of the oil-producing exporting countries outside
+  OPEC as an essential prerequisite for a lasting market
+  stability.
+      The conference, therefore, decided to reinstate the group
+  of five heads of delegation established by the 77th
+  (extraordinary) meeting of the conference in April, 1986 to
+  undertake the necessary contacts with those countries.
+      "The conference observed the continued fall in the value of
+  the U.S. Dollar and agreed that the matter should be studied
+  and reported to the next meeting of the conference."
+  
+      "The conference discussed the appointment of the secretary
+  general and decided to discuss the matter again in its next
+  ordinary meeting.
+      "The conference extended the term of office of Fadhil
+  al-Chalabi as deputy secretary general for a period of one year
+  from October 7, 1987.
+      "The next ordinary meeting of the conference will be
+  convened in Vienna on December 9, 1987."
+  
+
diff --git a/reuters/test/19557 b/reuters/test/19557
new file mode 100644
index 0000000000000000000000000000000000000000..b6aae2d3d3d4ea3b9265140c82634b519cba7cd7
--- /dev/null
+++ b/reuters/test/19557
@@ -0,0 +1,25 @@
+POEHL SPEAKS AGAINST GERMAN INTEREST RATE CUT
+  Bundesbank President Karl Otto Poehl said
+  West Germany would be badly advised to lower interest rates and
+  that he believed the economy would continue to recover after a
+  six-month lull.
+      Asked by the newspaper Bild am Sonntag if lower interest
+  rates could boost the domestic economy, Poehl said: "We would be
+  badly advised if we forced further interest rate cuts.
+      "This could, under certain circumstances, release new
+  inflationary fears which would then be more likely to lead to
+  higher interest rates," he added.
+  
+      Poehl said Germany had practically no growth in the past
+  six months because of the mark's surge and the cold winter.
+      "But since April, statistics clearly show that the economy
+  finds itself on a course of growth," he said. "I expect this
+  development to continue in the coming months."
+      Asked about his expectations of a U.S.-European Community
+  trade war, Poehl said such an event would be disastrous.
+      "For this reason we in Europe must avoid everything used by
+  protectionist forces in the U.S. As pretexts," he added. "This
+  includes...Eliminating existing restrictions in the EC as far
+  as possible. Protectionism is not found only in the U.S."
+  
+
diff --git a/reuters/test/19559 b/reuters/test/19559
new file mode 100644
index 0000000000000000000000000000000000000000..74e07c53178571a905316d982df7cb0a64fffb81
--- /dev/null
+++ b/reuters/test/19559
@@ -0,0 +1,50 @@
+KUWAIT SEES OPEC OUTPUT OVER CEILING TO END-YEAR
+  OPEC output for the second half of 1987,
+  including that of Iraq, will be above the official 16.6 mln
+  barrels per day (bpd) output ceiling agreed by OPEC Saturday,
+  Kuwait oil minister Sheikh Ali al-Khalifa al-Sabah, said.
+      Iraq refused to sign the pact, by which OPEC maintained its
+  ceiling at 16.6 mln bpd for both the third and fourth quarters
+  of 1987. In December, OPEC set a provisional fourth quarter
+  level of 18.3 mln bpd, now cut back to the third quarter
+  target.
+      Ali told a news conference that including Iraq, "OPEC third
+  quarter output will be between 17.5 and 17.7 mln bpd while
+  fourth quarter output will be nearly 18 mln bpd"
+      Ali did not detail what effect he thought these production
+  levels would have on prices.
+      Iraq has an official first half quota of 1.466 mln bpd,
+  rising to 1.54 mln in the second half, but has refused to
+  adhere to it and has recently been producing around two mln
+  barrels per day, exporting it through pipelines to Saudi Arabia
+  and Turkey. Iraq's export capacity will be further boosted when
+  a 500,000 bpd oil pipeline via Turkey comes on stream in about
+  September.
+      Iraq has been insisting on a quota equal to its Gulf War
+  enemy Iran, which has a quota of 2.255 mln bpd, rising to 2.369
+  mln in the second half.
+      Ali said the position of the 400,000 bpd production from
+  the Neutral Zone between Saudi Arabia and Kuwait, which has
+  been supplied to Iraq as war relief crude, was fixed. "We will
+  not discuss it. There will not be any change," he said.
+      Ali said the conference, which began Thursday and ended
+  Saturday evening, had been too short for all necessary problems
+  to be adressed. "We are overdoing it in holding too short a
+  meeting. We sweep a lot under the carpet," he said.
+      Ali said the problem of price differentials between the
+  prices of various OPEC crudes had not been dealt with properly
+  at the meeting.
+  
+      Ali said "The problem of differentials is a real one. I
+  would hate to be producing today a light crude and that problem
+  has not been dealt with properly. Light crudes are overpriced
+  relative to heavy crudes."
+      Asked if the issue of differentials would be raised at the
+  next OPEC meeting to be held in Vienna on December 9, Ali said
+  "If my crudes are affected I will raise the issue, I will not do
+  the work of another minister."
+      Kuwait's own crudes range from medium to heavy grades.
+      OPEC reintroduced fixed prices on February 1, with a spread
+  of 2.65 dlrs a barrel between its lightest and heaviest crudes.
+  
+
diff --git a/reuters/test/19560 b/reuters/test/19560
new file mode 100644
index 0000000000000000000000000000000000000000..ec98329ab89c1a2196330518bd6e6cc9e0fb4b79
--- /dev/null
+++ b/reuters/test/19560
@@ -0,0 +1,18 @@
+IRAQ REJECTS NEW OPEC OIL QUOTA
+  Iraq has rejected its new OPEC
+  production quota set in Vienna for the second half of this
+  year, the official Iraqi news agency INA reported.
+      It quoted Oil Minister Issam Abdul-Rahim al-Chalabi, who
+  returned Sunday, as saying "Iraq will continue to adhere to its
+  position considering itself as not included in the agreement."
+  
+      Last December, Iraq rejected its assigned first half 1987
+  quota of 1.466 mln bpd and demanded a share equal to the 2.255
+  mln bpd quota set for Iran, its enemy in the nearly
+  seven-year-old Gulf war.
+      The accord reached by OPEC ministers in Vienna Saturday set
+  an output ceiling of 16.6 mln bpd for the group's 13 members
+  from July to December, raising Iraq's share to 1.54 mln bpd and
+  Iran's to 2.369 mln.
+  
+
diff --git a/reuters/test/19561 b/reuters/test/19561
new file mode 100644
index 0000000000000000000000000000000000000000..2fccf4a274fc181294eb847c17d82c7d8aa66b62
--- /dev/null
+++ b/reuters/test/19561
@@ -0,0 +1,10 @@
+FRASER AND NEAVE LTD <FRNM.SI> HALF YR TO MARCH 31
+  Shr 15.8 cents vs 12.9 cents
+      Int div six cents vs same
+      Group net 19.90 mln dlrs vs 16.25 mln
+      Turnover 390.70 vs 381.60 mln
+      NOTE - Div pay Aug 3, register July 31. Co says it expects
+  results for the second half year to be similar to those of the
+  first half.
+  
+
diff --git a/reuters/test/19562 b/reuters/test/19562
new file mode 100644
index 0000000000000000000000000000000000000000..32a90754bac33a31f81f77f337581ac51aaade9b
--- /dev/null
+++ b/reuters/test/19562
@@ -0,0 +1,12 @@
+MITSUI REAL ESTATE DEVELOPMENT CO LTD <MREA.T>
+  Year ended March 31
+      Group shr 33.98 yen vs 39.10
+      Net 21.16 billion vs 19.96 billion
+      Current 45.23 billion vs 32.87 billion
+      Operating 77.17 billion vs 63.90 billion
+      Sales 616.96 billion vs 527.88 billion
+      NOTE - The company said the 37.6 pct increase in 1986/87
+  group current profit from a year earlier was mainly due to a
+  drop of two billion yen in interest payments.
+  
+
diff --git a/reuters/test/19568 b/reuters/test/19568
new file mode 100644
index 0000000000000000000000000000000000000000..713c4d0f7bd45240473270c9e36d0c104062e4f0
--- /dev/null
+++ b/reuters/test/19568
@@ -0,0 +1,7 @@
+ German May current account surplus 7.5 billion marks
+(April surplus 6.1  billion) - official
+
+   German May current account surplus 7.5 billion marks
+  (April surplus 6.1  billion) - official
+  
+
diff --git a/reuters/test/19569 b/reuters/test/19569
new file mode 100644
index 0000000000000000000000000000000000000000..6df8fe4d5c1a8bbdeea7feeeea44b03fb01b9da1
--- /dev/null
+++ b/reuters/test/19569
@@ -0,0 +1,7 @@
+ German May trade surplus 10.6 billion marks (April
+surplus 8.9 billion) - official
+
+   German May trade surplus 10.6 billion marks (April
+  surplus 8.9 billion) - official
+  
+
diff --git a/reuters/test/19570 b/reuters/test/19570
new file mode 100644
index 0000000000000000000000000000000000000000..172d5bc9b3a16bef05b95f4e0466d49526aeea4d
--- /dev/null
+++ b/reuters/test/19570
@@ -0,0 +1,33 @@
+IVORY COAST WEATHER NO PROBLEM FOR 1986/87 CROPS
+  Ivory Coast rainfall this season has
+  been less than in previous years, but 1986/87 cocoa and coffee
+  production has not suffered, the official Ivorian daily
+  Fraternite Matin reported.
+      The newspaper did not speculate on whether recent dry
+  conditions seriously threatened the main 1987/88 cocoa crop.
+  Trade sources said the weather up to now could be irrelevant if
+  there is good rainfall in coming weeks.
+      Precipitation during the present campaign has been lowest
+  in northern savannah regions, where the cotton crop has
+  especially benefitted from the dry weather, Fraternite Matin
+  said.
+      Agriculture Minister Denis Bra Kanon said earlier this
+  month 1986/87 cotton output would be a record 213,506 tonnes,
+  compared with 190,000 tonnes in 1985/86.
+      Fraternite Matin said the mainstays of Ivorian agriculture
+  had been little affected by the dry weather. Coffee does not
+  need very much water to survive and only old cocoa plants have
+  been affected in some regions, it added.
+      London-based dealer Gill and Duffus recently forecast
+  1986/87 Ivory Coast cocoa output at a record 590,000 tonnes,
+  which compares with 585,000 estimated for 1985/86. It described
+  early development of the new main crop as patchy.
+      The U.S. Agriculture Department (USDA) earlier this year
+  forecast a drop in 1986/87 coffee production in the Ivory Coast
+  due to drought in the western part of the country. It estimated
+  the crop at 3.84 mln bags compared with the previous year's
+  4.33 mln bag harvest.
+      Ivorian officials have only described this year's coffee
+  crop as "normal."
+  
+
diff --git a/reuters/test/19571 b/reuters/test/19571
new file mode 100644
index 0000000000000000000000000000000000000000..95f8d1294f619f0f1c65ad78ec130e4a85e5853f
--- /dev/null
+++ b/reuters/test/19571
@@ -0,0 +1,12 @@
+TATA IRON AND STEEL PRE-TAX FALLS 37 PCT
+  Year to March 31, 1987
+      Share 106 rupees vs 130
+      Pre-tax profit 995.2 mln rupees vs 1.57 billion
+      Net profit 875.2 mln vs 1.07 billion
+      Sales 14.16 billion vs 12.85 billion
+      Dividend 25 pct vs same
+      Tax 120 mln vs 500 mln
+      Note - Full company name is Tata Iron and Steel Co Ltd
+  <TATA.BO>. Dividend is payable to shareholders on Aug 12.
+  
+
diff --git a/reuters/test/19572 b/reuters/test/19572
new file mode 100644
index 0000000000000000000000000000000000000000..de6993910a2d767bf1aae712d39dac0061672b9f
--- /dev/null
+++ b/reuters/test/19572
@@ -0,0 +1,6 @@
+KRAFT <KRA> COMPLETES BUY OF QUAKER <OAT> UNIT
+  Kraft Inc said it has completed
+  the previously announced acquisition of the Anderson Clayton
+  Foods Division from Quaker Oats Co for 235 mln dlrs in cash.
+  
+
diff --git a/reuters/test/19625 b/reuters/test/19625
new file mode 100644
index 0000000000000000000000000000000000000000..cd5a7abe563711bab4b0183df3f855ae64782a5e
--- /dev/null
+++ b/reuters/test/19625
@@ -0,0 +1,10 @@
+FRENCH INFLATION CONFIRMED AT 0.2 PCT IN MAY
+  French retail prices rose a confirmed 0.2
+  pct in May compared with a 0.5 pct rise in April and 0.2 pct in
+  May last year, the National Statistics Institute (INSEE) said.
+      The rise took the year-on-year inflation rate to 3.4 pct in
+  May from 3.5 pct in April, and brought cumulative inflation
+  over the first five months of this year to 2.0 pct compared
+  with 0.7 pct for the same period of 1986.
+  
+
diff --git a/reuters/test/19630 b/reuters/test/19630
new file mode 100644
index 0000000000000000000000000000000000000000..c501046d30e0461d2c323490ce847e7736a16754
--- /dev/null
+++ b/reuters/test/19630
@@ -0,0 +1,12 @@
+STALEY <STA> SELLS INTEREST IN SPANISH VENTURE
+  Staley Continental Inc
+  said it sold its 50 interest in Sociedad Iberica de
+  Molturacion, S.A. (Simsa), a soybean and sunflower seed
+  processing company based in Madrid, Spain.
+      Staley's investment in Simsa no longer fit its overall
+  coporate strategy and an agreement to sell the interest was
+  completed in May, it said.
+      Staley said the Simsa transaction will not have a material
+  effect on its balance sheet.
+  
+
diff --git a/reuters/test/19631 b/reuters/test/19631
new file mode 100644
index 0000000000000000000000000000000000000000..144fb981e201d4c67bd0e9e326470ddb5989634f
--- /dev/null
+++ b/reuters/test/19631
@@ -0,0 +1,7 @@
+MARTIN PROCESSING SAID IT ACCEPTS 20 DLRS/SHARE BID FROM
+COURTAULDS PLC
+
+  MARTIN PROCESSING SAID IT ACCEPTS 20 DLRS/SHARE BID FROM
+  COURTAULDS PLC
+  
+
diff --git a/reuters/test/19635 b/reuters/test/19635
new file mode 100644
index 0000000000000000000000000000000000000000..ba810893b772316bc6bc885d517c47843c75ef66
--- /dev/null
+++ b/reuters/test/19635
@@ -0,0 +1,9 @@
+FRONTIER <FRTR.O> BUYS MALPRACTICE BUSINESS
+  Frontier Insurance Group Inc
+  said it acquired the malpractice book of business generated by
+  Medical Quadrangle Inc and Medical Professional Liability
+  Agency Ltd, a producer of medical malpractice coverage.
+      It said the acquisition will enable all of Frontier's
+  medical malpractice coverage to be serviced internally.
+  
+
diff --git a/reuters/test/19639 b/reuters/test/19639
new file mode 100644
index 0000000000000000000000000000000000000000..98f5e93a8717fd2dac0a1dd69d605b0919195875
--- /dev/null
+++ b/reuters/test/19639
@@ -0,0 +1,7 @@
+HELENE CURTIS INDUSTRIES INC <HC> 1ST QTR NET
+  Period end May 31
+      Shr profit four cts vs loss 22 cts
+      Net profit 139,000 vs loss 799,000
+      Revs 101.9 mln vs 86.8 mln
+  
+
diff --git a/reuters/test/19642 b/reuters/test/19642
new file mode 100644
index 0000000000000000000000000000000000000000..de1e191754fef88c6694f3804472b9b2f9597330
--- /dev/null
+++ b/reuters/test/19642
@@ -0,0 +1,8 @@
+LE GROUPE VIDEOTRON LTEE <VDO.TO> NINE MTHS NET
+  Period ended May 31
+      Shr 41 cts vs 35 cts
+      Net 15.4 mln vs 11.9 mln
+      Revs 234.4 mln vs 96.6 mln
+      Avg shrs 38.0 mln vs 34.4 mln
+  
+
diff --git a/reuters/test/19644 b/reuters/test/19644
new file mode 100644
index 0000000000000000000000000000000000000000..dbf71ae464f97614c6fe413de4cb6415bc3c5461
--- /dev/null
+++ b/reuters/test/19644
@@ -0,0 +1,15 @@
+INTER-TEL INC<INTLA.O> 2ND QTR MAY 31 OPER NET
+  Oper shr three cts vs one ct
+      Oper net 210,000 vs 67,000
+      Revs 10,252,000 vs 8,929,000
+      Avg shrs 7,933,000 vs 8,553,000
+      Six mths
+      Oper shr five cts vs two cts
+      Oper net 420,000 vs 133,000
+      Revs 20.3 mln vs 17.1 mln
+      Avg shrs 7,952,000 vs 8,551,000
+      NOTE: 1987 earnings exclude gain from utilization of tax
+  loss carryforwards of 125,000 dlrs, or one ct a share in the
+  quarter and 150,000 dlrs, or two cts a share for the six months
+  
+
diff --git a/reuters/test/19645 b/reuters/test/19645
new file mode 100644
index 0000000000000000000000000000000000000000..23a86a8936652f437702a0dab2aa9a313727ebb6
--- /dev/null
+++ b/reuters/test/19645
@@ -0,0 +1,10 @@
+NEW GENERATION PRODUCTS MAKES ACQUISITION
+  <New Generation Products
+  Inc> said it has acquired a 20 pct ownership in <Personal
+  Protection Technolgies Inc>.
+      New Generation said Personal Protection is developing a
+  group of personal care products, which are effective in killing
+  a variety of viruses and bacteria on contact, for U.S. and
+  export markets.
+  
+
diff --git a/reuters/test/19647 b/reuters/test/19647
new file mode 100644
index 0000000000000000000000000000000000000000..ccc6139c2154696a1dd54f67a9f3d9834f7366ae
--- /dev/null
+++ b/reuters/test/19647
@@ -0,0 +1,8 @@
+TOWN AND COUNTRY JEWELRY <TNC> FIRST QTR NET
+  Shr 15 cts vs 12 cts
+      Net 1,240,939 dlrs vs 989,714 dlrs
+      Revs 32.9 mln dlrs vs 21.1 mln dlrs
+      Note: first quarter ended May 31. The company's full name  
+    is Town and Country Jewelry Manufacturing Corp
+  
+
diff --git a/reuters/test/19648 b/reuters/test/19648
new file mode 100644
index 0000000000000000000000000000000000000000..a0347a54e5a4130c753890b6bc91e01595346e7b
--- /dev/null
+++ b/reuters/test/19648
@@ -0,0 +1,10 @@
+DATA ARCHITECTS INC <DAI> 2ND QTR MAY 31 NET
+  Shr 19 cts vs 16 cts
+      Net 502,000 dlrs vs 401,000 dlrs
+      Revs 8.8 mln dlrs vs 6.7 mln dlrs
+      Six mths
+      Shr 38 cts vs 29 cts
+      Net 989,000 dlrs vs 745,000 dlrs
+      Revs 16.3 mln dlrs vs 12.5 mln dlrs
+  
+
diff --git a/reuters/test/19649 b/reuters/test/19649
new file mode 100644
index 0000000000000000000000000000000000000000..491fe0ba84971f5e585b4cb7afa6e527bdd5beb3
--- /dev/null
+++ b/reuters/test/19649
@@ -0,0 +1,13 @@
+MARTIN PROCESSING <MPI> ACCEPTS COURTAULDS BID
+  Martin Processing Inc said its
+  board approved an agreement to be acquired by Courtaulds Plc
+  <COU.L> for 20 dlrs a share.
+      The company said the transaction is valued at more than 99
+  mln dlrs, based on its 4,963,620 shares of stock outstanding.
+      It said Courtaulds has privately agreed to purchase a
+  majority of Martin's common from trusts established by Julius
+  Hermes for 20 dlrs a share. It said Courtaulds intends to
+  conduct a tender offer for all the Martin stock it does not
+  own, beginning as soon as necessary documents are prepared.
+  
+
diff --git a/reuters/test/19650 b/reuters/test/19650
new file mode 100644
index 0000000000000000000000000000000000000000..ec568a3db8844f6bd4bbc33d59d836e9a4fe7d5c
--- /dev/null
+++ b/reuters/test/19650
@@ -0,0 +1,8 @@
+LIFETIME CORP <LFT> YEAR MARCH 27 NET
+  Shr 15 cts
+      Net 3.6 mln dlrs
+      Revs 96.9 mln dlrs
+      Note: the company said year-ago figures are not comparable 
+     due to its reverse merger last year
+  
+
diff --git a/reuters/test/19651 b/reuters/test/19651
new file mode 100644
index 0000000000000000000000000000000000000000..382da6c8f29781bb86ea4cf4c2905d83a0c45362
--- /dev/null
+++ b/reuters/test/19651
@@ -0,0 +1,11 @@
+UNIVERSITY GENETICS CO <UGEN.O> 3RD QTR LOSS
+  Shr loss two cts vs loss four cts
+      Net loss 199,010 dlrs vs loss 398,202 dlrs
+      Revs 1,284,939 dlrs vs 359,440 dlrs
+      Nine mths
+      Shr loss 10 cts vs loss 14 cts
+      Net loss 973,542 dlrs vs loss 1,298,203 dlrs
+      Revs 3.9 mln dlrs vs 1,269,098 dlrs
+      Note:the third quarter ended April 30
+  
+
diff --git a/reuters/test/19653 b/reuters/test/19653
new file mode 100644
index 0000000000000000000000000000000000000000..a65456bc46d5add259ae8ae2d9038639f9ede53d
--- /dev/null
+++ b/reuters/test/19653
@@ -0,0 +1,14 @@
+EC ANNUAL INFLATION FALLS IN MAY
+  The European Community's annual
+  inflation rate fell marginally to 3.2 pct in May from 3.3 pct
+  in April, the EC's statistics office Eurostat said.
+      Prices in the 12-nation bloc rose 0.2 pct in May after 0.6
+  pct in April. But the annual rate stayed below that of the U.S.
+  For the second month in succession, following the release of
+  figures showing U.S. Inflation of 3.8 pct in both April and
+  May.
+      However, Eurostat said the EC was still beaten by Japan,
+  where prices were provisionally 0.1 pct lower in May than a
+  year earlier.
+  
+
diff --git a/reuters/test/19654 b/reuters/test/19654
new file mode 100644
index 0000000000000000000000000000000000000000..13dba0f8832dc679b26465e56a6d928baede6bfc
--- /dev/null
+++ b/reuters/test/19654
@@ -0,0 +1,10 @@
+BSN <BSN> HAS PURCHASED MACGREGOR <MGS> STOCK
+  BSN Corp said it purchased MacGregor
+  Sporting Goods' common stock in recent open market
+  transactions.
+      BSN said its position is less than the five pct ownership
+  which would require specific disclosure. The company will
+  continually review its position and may nelect to increase or
+  decrease the number of shares owned, it added.
+  
+
diff --git a/reuters/test/19655 b/reuters/test/19655
new file mode 100644
index 0000000000000000000000000000000000000000..42fdc2fe3d51d5e14fc13183a570d5545c350946
--- /dev/null
+++ b/reuters/test/19655
@@ -0,0 +1,7 @@
+TELECOMMUNICATIONS NETWORK <TNII.O> YEAR NET
+  Shr 38 cts vs 47 cts
+      Net 968,000 dlrs vs 1,053,000 dlrs
+      Revs 15.4 mln dlrs vs 12.6 mln dlrs
+      Note:the year ended March 31.
+  
+
diff --git a/reuters/test/19657 b/reuters/test/19657
new file mode 100644
index 0000000000000000000000000000000000000000..7a06fb974428c5009bc6bc27f7838b2dce8fb877
--- /dev/null
+++ b/reuters/test/19657
@@ -0,0 +1,7 @@
+HOVNANIAN ENTERPRISES <HOV> 1ST QTR MAY 31 NET
+  Shr 27 cts vs 14 cts
+      Net 5,664,000 vs 2,812,000
+      Revs 68.2 mln vs 54.7 mln
+      Avg shrs 21,254,054 vs 20,167,714
+  
+
diff --git a/reuters/test/19658 b/reuters/test/19658
new file mode 100644
index 0000000000000000000000000000000000000000..121065ea0792627eda5d1cf0fd846d73c7f99327
--- /dev/null
+++ b/reuters/test/19658
@@ -0,0 +1,15 @@
+ARMISTICE ELUDES EC AND U.S. IN SPAGHETTI WAR
+  Talks between the European Community
+  (EC) and the United States have failed to settle a trade
+  dispute over pasta, an EC Commission spokesman said.
+      Diplomatic sources said the dispute could provoke new trade
+  friction unless it was settled soon.
+      Washington is insisting that the EC comply with what it
+  regards as an unambiguous ruling from the world trade body GATT
+  and cut export subsidies which have allowed Italy to take an
+  increasing share of the U.S. pasta market.
+      The EC provides subsidies of about 16 cents a pound on
+  pasta exports. The spokeswoman said the talks foundered on the
+  question of how much the subsidy should be cut.
+  
+
diff --git a/reuters/test/19663 b/reuters/test/19663
new file mode 100644
index 0000000000000000000000000000000000000000..7b794e67f108d13e8ca7fc2b7c54d3904a6abdc5
--- /dev/null
+++ b/reuters/test/19663
@@ -0,0 +1,14 @@
+UTILICORP <UCU> UNIT BUYS STAKE IN POWER PLANT
+  Utilicorp United Inc said its
+  UtilCo Group subsidiary completed the purchase of a 38 pct
+  interest in Westwood Energy Properties Limited Partnership for
+  about 10 mln dlrs.
+      The company said the partership is building and will
+  operate a 30-megawatt electric generation facility in Schuykill
+  County, Penn., scheduled to begin commercial operation in July.
+  It said the 38 pct interest was sold by Westwood Funding Corp,
+  a wholly-owned subsidiary of Combustion Engineering Inc <CSP>.
+  Westwood Funding retains an interest in the partership and
+  serves as a general partner, it said.
+  
+
diff --git a/reuters/test/19664 b/reuters/test/19664
new file mode 100644
index 0000000000000000000000000000000000000000..878d3bab2525360bb0675132f89d85a1b32696c0
--- /dev/null
+++ b/reuters/test/19664
@@ -0,0 +1,14 @@
+EXXON <XON> EXTENDS MID-GRADE UNLEADED MARKETING
+  Exxon Co U.S.A. said it is extending
+  marketing of its mid-grade unleaded gasoline, Exxon Plus, into
+  the Houston and Dallas/Fort Worth metropolitan areas beginning
+  early next month.
+      Exxon Corp's domestic subsidiary is already marketing the
+  89-octane unleaded gasoline along much of the East Coast.
+      As it introduces the third unleaded grade, Exxon noted, it
+  no longer offers a leaded gasoline in the market, except in
+  some rural areas where leaded gaosline will be made available
+  to distributors who have a substantial need for the product to
+  serve customers whose equipment was designed for leaded fuel.
+  
+
diff --git a/reuters/test/19666 b/reuters/test/19666
new file mode 100644
index 0000000000000000000000000000000000000000..c90e2b8a3063b655a0b975ce21ae832d8c3f6940
--- /dev/null
+++ b/reuters/test/19666
@@ -0,0 +1,10 @@
+CORADIAN <CDIN.O> STAKE ACQUIRED BY SAGE
+  Coradian Corp said a group led by
+  privately held Sage Equities Group agreed to buy a 7.6 pct
+  interest in Coradian.
+      In connection with the agreement, the company said it sold
+  666,667 shares at 75 cts a share.
+      It said that in addition to common stock, Sage Equities
+  will receive 667,667 warrants exercisable at 1.50 dlrs a share.
+  
+
diff --git a/reuters/test/19667 b/reuters/test/19667
new file mode 100644
index 0000000000000000000000000000000000000000..97844276e1f9b29c100ac57bc78a766899547785
--- /dev/null
+++ b/reuters/test/19667
@@ -0,0 +1,9 @@
+SIKES CORP <SKA> 1ST QTR MAY 31 NET
+  Shr 24 cts vs 18 cts
+      Shr diluted 21 cts vs 18 cts
+      Net 2,108,805 vs 1,605,278
+      Sales 28.9 mln vs 24.2 mln
+      NOTE: Share results reflect two for one stock split to be
+  paid July eight
+  
+
diff --git a/reuters/test/19668 b/reuters/test/19668
new file mode 100644
index 0000000000000000000000000000000000000000..a139c7aa9b00db21b079eca26012581fb906cd8f
--- /dev/null
+++ b/reuters/test/19668
@@ -0,0 +1,17 @@
+DANISH CROPS TWO WEEKS BEHIND, OFFICIAL REPORT
+  Danish crops are up to two weeks
+  behind normal growth levels due to the cold weather in May and
+  June, when mean temperatures were up to four centigrade below
+  average, the State Plant Cultivation Bureau said in a report.
+      At the season's first crop test on June 26, the bureau
+  rated crops at an overall 94, the same as on June 20 last year.
+  The figure of 100 represents normal in a year of average growth
+  conditions with no crop damage.
+      The test gave ratings expressed as a factor of 100, as
+  follows - winter wheat 96 (last year 91), winter rye 97 (98),
+  winter barley 92 (90), spring barley 94 (98), oats 96 (98),
+  fodder and sugar beets 87 (96), winter rapeseed 98 (94), spring
+  rapeseed 94 (98).
+      Final harvest figures for 1986 were not yet available.
+  
+
diff --git a/reuters/test/19672 b/reuters/test/19672
new file mode 100644
index 0000000000000000000000000000000000000000..3af24f9b0bcc1e88f50574af89fe2c9efc310f75
--- /dev/null
+++ b/reuters/test/19672
@@ -0,0 +1,31 @@
+INDIA RELAXES RULES FOR EXPORT PROMOTION
+  The Reserve Bank of India, RBI,
+  announced new rules to allow exporters of 25 products to use
+  foreign exchange up to 10 pct of their firm's total annual
+  export earnings for export promotion abroad.
+      The move is designed by the government to improve India's
+  trade deficit.
+      Products eligible for the new Blanket Exchange Permit
+  Scheme include tea bags, cigarettes, coffee, leather, various
+  textiles, chemicals, pharmaceuticals, plastics, engineering and
+  electronic goods, ready-made garments, processed food, sports
+  goods, fabricated mica and consultancy services.
+      The scheme replaces current rules which allow different
+  amounts of foreign exchange to be used only when firms attain a
+  minimum annual turnover prescribed for each product.
+      RBI said under the new rule, 16 other products will
+  qualify, on a discretionary basis, for overseas promotional
+  spending of not more than two pct of the freight-on-board value
+  of annual export earnings.
+      These include oil cakes, cereals, raw cotton, raw and
+  semi-processed leather, gems, castor and sandalwood oil,
+  psyllium husks and seeds, opium and various mineral ores.
+      RBI said exporters of products not covered by either of the
+  two groups will be eligible to use up to five pct of their
+  freight-on-board value of their annual export earnings.
+      Industry sources said the new entitlements, considerably
+  higher than the previous limits, are also more flexible because
+  holders of new permits no longer need to frequently apply to
+  RBI for release of foreign exchange for export purposes.
+  
+
diff --git a/reuters/test/19674 b/reuters/test/19674
new file mode 100644
index 0000000000000000000000000000000000000000..5b4a99b9a5df8c9afc71b0b7786957a3b81dc8ca
--- /dev/null
+++ b/reuters/test/19674
@@ -0,0 +1,15 @@
+INTER-TEL INC <INTLA.O> 2ND QTR MAY 31 NET
+  Shr four cts vs one ct
+      Net 335,000 vs 67,000
+      Rev 10.1 mln vs 8.7 mln
+      Avg shares 7,933,000 vs 8,553,000
+      Six Months
+      Shr seven cts vs two cts
+      Net 570,000 vs 133,000
+      Rev 19.9 mln vs 16.8 mln
+      Avg shares 7,952,000 vs 8,551,000
+      NOTE: Qtr includes extraordinary gain of 125,000 dlrs, or
+  one ct a share, while six months' net includes gain of 150,000,
+  or two cts a share.
+  
+
diff --git a/reuters/test/19675 b/reuters/test/19675
new file mode 100644
index 0000000000000000000000000000000000000000..dae69f5ad7c2183db129df29f5af981108b370e1
--- /dev/null
+++ b/reuters/test/19675
@@ -0,0 +1,7 @@
+ENTERTAINMENT MARKETING DEMANDS CRAZY EDDIE SHAREHOLDER
+LIST, MAY PURSUE MERGER
+
+  ENTERTAINMENT MARKETING DEMANDS CRAZY EDDIE SHAREHOLDER
+  LIST, MAY PURSUE MERGER
+  
+
diff --git a/reuters/test/19679 b/reuters/test/19679
new file mode 100644
index 0000000000000000000000000000000000000000..b5b551fa81cb2766823ac4cdfb8035f2f84850e6
--- /dev/null
+++ b/reuters/test/19679
@@ -0,0 +1,35 @@
+DATACARD <DATC.O> ADOPTS DIVIDEND RIGHTS PLAN
+  DataCard Corp said it adopted a
+  dividend rights plan in response to Deluxe Check Printers Inc
+  <DLX> having agreed to sell its 38 pct interest in DataCard to
+  National Computer Systems Inc <NLCS.O>.
+      DataCard declared a dividend distribution of one preferred
+  stock purchase right on each outstanding share its common
+  stock. The dividend is designed to deter National Computer or
+  other potential suitors from preventing DataCard from
+  evaluating all alternatives to maximize shareholder value,
+  DataCard said.
+     
+      National Computer told Reuters June 22 it could make a bid
+  for DataCard. On June 25 DataCard filed suit in Hennepin County
+  District Court in Minnesota to block the sale of the 38 pct
+  stake of its stock to National Computer.
+      In announcing the rights plan, DataCard said it "is not
+  designed to deter takeovers that would be consistent with the
+  objective of maximizing stockholders value to all of DataCard's
+  stockholders."
+      The rights will not become exercisable until 10 days after
+  an announcement that a person or group has acquired beneficial
+  ownership of 44 pct or more of DataCard's common stock.
+     
+      Once exercisable, each right would entitle a holder to buy
+  1/500th of a share of DataCard Series A junior participation
+  preferred Stock for 35 dlrs. Holders other than an acquirer
+  would be entitled to purchase, for six-months after the right
+  becomes exercisable, a number of shares of the new preferred
+  stock with a market value equal to twice the exercise price of
+  the rights.
+      The rights dividend distribution is payable July 9 to
+  shareholders of record July 9.
+  
+
diff --git a/reuters/test/19680 b/reuters/test/19680
new file mode 100644
index 0000000000000000000000000000000000000000..a524fad9b4d2bfdd54d4ba6c58a42ba7cc8fc0dc
--- /dev/null
+++ b/reuters/test/19680
@@ -0,0 +1,12 @@
+SHELDAHL INC <SHEL> 3RD QTR MAY 30 NET
+  Shr 12 cts vs one cent
+      Net 546,000 vs 48,000
+      Revs 22.3 mln vs 16.0 mln
+      Nine mths
+      Shr 44 cts vs seven cts
+      Net 1,857,000 vs 303,000
+      Revs 65.5 mln vs 46.0 mln
+      NOTE: Per share figures adjusted for three-for-two stock
+  split paid April 1987.
+  
+
diff --git a/reuters/test/19681 b/reuters/test/19681
new file mode 100644
index 0000000000000000000000000000000000000000..5636c89d541b6f6b82e41823a405371c6a321e63
--- /dev/null
+++ b/reuters/test/19681
@@ -0,0 +1,13 @@
+FEDERAL RESOURCES <FDRC.O> ACQUIRES RETAILER
+  Federal Resources Corp said it has
+  acquired the capital stock and related real estate assets of
+  <New Generation Inc>, a regional consumer electronics specialty
+  retailer.
+      Terms of the acquisition were not disclosed.
+      New Generation has annual sales volume of about 30 mln
+  dlrs, Federal Resources said.
+      Federal Resources said it will search for additional
+  acquisitions including, but not limited to, specialty
+  retailers.
+  
+
diff --git a/reuters/test/19683 b/reuters/test/19683
new file mode 100644
index 0000000000000000000000000000000000000000..3137d42356ede6286e0ca1395ade46719c3c8006
--- /dev/null
+++ b/reuters/test/19683
@@ -0,0 +1,45 @@
+ENTERTAINMENT <EM> MAY SEEK CRAZY EDDIE <CRZY>
+  Enetertainment Marketing Inc and its
+  president Elias Zinn have demanded a list of Crazy Eddie Inc
+  shareholders from the company and said they may pursue a merger
+  of the Edison, N.J. electronics retailer.
+      In a filing with the Securities and Exchange Commission,
+  Zinn said the demand for the shareholder list was made on June
+  26 because he may desire to communicate with other Crazy Eddie
+  shareholders "regarding the affairs" of the company.
+      Zinn and his firm, which disclosed they hold a 5.1 pct
+  stake in Crazy Eddie common stock, said they may acquire more
+  shares through a negotiated merger or tender offer.
+      Entertainment Marketing was informed on June 25 by Shearson
+  Lehman Brothers Inc., acting on behalf of Crazy Eddie, that it
+  would be provided with "certain information" about Crazy Eddie,
+  it told the SEC.
+      Entertainment Marketing, a Houston-based firm involved in
+  electronics wholesaling and televised home shopping sales,
+  proposed an eight dlr a share merger acquisition of Crazy Eddie
+  on May 29, and modified the proposal on June 9 to include the
+  possible participation of Crazy Eddie management.
+      Entertainment Marketing told the SEC it expects to meet
+  with Crazy Eddie representatives in the near future.
+      Entertainment Marketing also disclosed that it retained
+  Drexel Burnham Lambert Inc as its financial advisor and
+  investment banker.
+      In light of a June 17 announcement from Crazy Eddie that
+  Chemical Bank would no longer fund a 52 mln dlr credit facility
+  with the company, plus further declines in the price of its
+  stock, Entertainment Marketing and Zinn said they are
+  "continuing to evaluate their alternatives with respect to
+  their investment" in Crazy Eddie stock.
+      Depending on its evaluation of the company, including
+  actions by Crazy Eddie's board and any possible third party
+  bids for the company, Entertainment Marketing and its president
+  said they may hold their present stake in the company, sell
+  some of their shares, or purchase more shares on the open
+  market, through private purchases or in connection with a
+  merger or tender offer.
+      According to the SEC filing, Entertainment Marketing and
+  Zinn bought their current holdings of 1,560,000 Crazy Eddie
+  common shares between May 20 and June 17 at 7.42 dlrs to 7.93
+  dlrs a share, or a total of about 11.9 mln dlrs.
+  
+
diff --git a/reuters/test/19684 b/reuters/test/19684
new file mode 100644
index 0000000000000000000000000000000000000000..b9a5e2712b476eb5c25c1b975a2ff59fa60738b0
--- /dev/null
+++ b/reuters/test/19684
@@ -0,0 +1,56 @@
+CHANCES OF DIRECT U.S.-IRAN GULF CLASH SEEN LOW
+  U.S. moves to increase its warships in
+  and around the Mideast Gulf could trigger more attacks on
+  unprotected merchant ships but run little risk of sparking a
+  direct military clash with Iran, diplomats said.
+      They said the American decision inevitably carries some
+  risk of armed confrontation, but Iran -- despite its blunt
+  rhetoric -- would want to avoid this as much as Washington.
+      "As Iran knows very well, what America is bringing into the
+  Gulf could do serious damage," said one western diplomat.
+      Diplomats see the greatest potential danger in more attacks
+  on "soft targets" such as merchant shipping not protected by
+  American or other western navy vessels patrolling the Gulf.
+      The risk of Iranian attack on U.S. Warships or Kuwaiti oil
+  tankers carrying the U.S. Flag and under naval escort is rated
+  by diplomats as low. However, "There is the threat that the
+  Iranians, seeing these heavily protected U.S.-flag tankers,
+  will go for softer targets," one diplomat said.
+      Tehran Radio quoted Iran's top defence spokesman Ali Akbar
+  Hashemi Rafsanjani as saying yesterday that Washington was
+  "moving to the brink of an armed encounter with us."
+      The U.S. is increasing its Gulf fleet from seven to 10
+  warships and sending the refurbished battleship Missouri to
+  patrol just outside the Strait of Hormuz.
+      The build-up ties in with U.S. plans to start escorting
+  Kuwaiti oil tankers next month, which have been re-registered
+  to fly the American flag to give them naval protection.
+      Shipping serving Kuwait has come under repeated attack by
+  Iran, angered at the emirate's war backing of Iraq.
+      Concern in the region has mounted over the threat posed by
+  Chinese-made Silkworm missiles, which the U.S. says Iran is
+  preparing to deploy near the Strait of Hormuz.
+      The Missouri, with its four-escort flotilla, is likely to
+  make Iran think twice about using the missiles, diplomats said.
+      A military source in the Gulf has said Iran also set up a
+  launching site for the Silkworms on captured Iraqi soil in the
+  Faw peninsula, within range of Kuwait.
+      "But anything that went as far as a direct attack on Kuwaiti
+  territory would be a very serious escalation" likely moving
+  world opinion against Iran, remarked one.
+      Some diplomats believe Iran could also consider carrying
+  out reprisals against the United States outside the Gulf.
+      Rafsanjani, who is also parliamentary leader, predicted
+  last Friday "a river of blood" throughout the world in the event
+  of any U.S. strike against Iran.
+      Western diplomats said Iran, which Washington has accused
+  of being behind state-sponsored terrorism, had no demonstrable
+  capacity to carry out attacks in the U.S. itself.
+      Diplomats saw few potential targets in Lebanon now that
+  most Americans have left in the wake of kidnappings linked to
+  pro-Iranian groups. But Europe and Asia were potential
+  trouble-spots, and Kuwait was one of the most obvious targets.
+      Any backlash was likely to take the form of sabotage or
+  other action to make it difficult to blame Iran, they added.
+  
+
diff --git a/reuters/test/19689 b/reuters/test/19689
new file mode 100644
index 0000000000000000000000000000000000000000..dffaa473b6c980174b56786bc85abb3ffa5695a1
--- /dev/null
+++ b/reuters/test/19689
@@ -0,0 +1,5 @@
+FED SETS TWO-DAY SYSTEM REPURCHASES, FED SAYS
+
+  FED SETS TWO-DAY SYSTEM REPURCHASES, FED SAYS
+  
+
diff --git a/reuters/test/19690 b/reuters/test/19690
new file mode 100644
index 0000000000000000000000000000000000000000..9175ad553bfd76af9124970591fc476aa4b15efd
--- /dev/null
+++ b/reuters/test/19690
@@ -0,0 +1,10 @@
+CYCLOPS <CYL> MERGER APPROVED
+  Cyclops Corp said shareholders
+  approved a previously announced merger of the company with a
+  subsidiary of dixons Group PLC.
+      It said Dixons held about 83 pct of Cyclops stock following
+  a tender offer and other purchases earlier in the year.
+      With the completion of the transaction, Dixons will proceed
+  to pay 95 dlrs a share to the remaining Cyclops shareholders.
+  
+
diff --git a/reuters/test/19692 b/reuters/test/19692
new file mode 100644
index 0000000000000000000000000000000000000000..5983a76cb90cdf4e39772eab98f2715498f2e0da
--- /dev/null
+++ b/reuters/test/19692
@@ -0,0 +1,8 @@
+AMAX ZINC CO RAISES DYECAST ALLOY PRICES
+  Amax Zinc Co, a division of Amax
+  Inc, said it is increasing the price of dyecast alloys No.
+  Three and No. Five by three cents a lb, effective immediately.
+      Dyecast alloy No. Three is now 52.5 cents a lb, while alloy
+  No. Five is now 53.5 cents a lb, the company said.
+  
+
diff --git a/reuters/test/19693 b/reuters/test/19693
new file mode 100644
index 0000000000000000000000000000000000000000..e72a82b1a06fb4dc984b588bbe431961d9df499d
--- /dev/null
+++ b/reuters/test/19693
@@ -0,0 +1,10 @@
+FED SETS TWO-DAY SYSTEM REPURCHASES
+  The Federal Reserve entered the
+  government securities market to arrange two-day repurchase
+  agreements for system account, a spokesman for the New York Fed
+  said.
+      Federal funds were trading at 6-3/4 pct at the time of the
+  direct injection of temporary reserves, in line with Friday's
+  6.72 pct average.
+  
+
diff --git a/reuters/test/19697 b/reuters/test/19697
new file mode 100644
index 0000000000000000000000000000000000000000..e2be51458c51a6bd3963d70243f46fdb78bfef5c
--- /dev/null
+++ b/reuters/test/19697
@@ -0,0 +1,13 @@
+VERNITRON <VRN> SETS NEW RECORD DATE
+  Vernitron Corp said it has set a
+  new record date of July 10 for shareholders entitled to vote on
+  the proposed merger of Vernitron with <SB Holding Corp>.
+      The original record date was May 26.
+      Vernitron said that it currently expects the special
+  shareholder meeting concerning the merger will be held in
+  August.
+      Following its tender offer in November 1986, SB Holding
+  holds 55.2 pct of Vernitron, a maker of electromechanical
+  components and related products and services.
+  
+
diff --git a/reuters/test/19699 b/reuters/test/19699
new file mode 100644
index 0000000000000000000000000000000000000000..d05054250630e598ff3e0be1675c3af14c0f9b45
--- /dev/null
+++ b/reuters/test/19699
@@ -0,0 +1,10 @@
+ENERGAS <EGAS.O> TO BUY TEXAS AMERICAN <TAE>UNIT
+  Energas Co said it has agreed in
+  principle to purchase Western Kentucky Gas Co from Texas
+  American Energy Corp for 61.5 mln dlrs in cash plus assumptrion
+  of certain liabilities.
+      Western Kentucky is a gas distribution company which serves
+  about 143,000 customers in 108 towns and communities in
+  Kentucky.
+  
+
diff --git a/reuters/test/19702 b/reuters/test/19702
new file mode 100644
index 0000000000000000000000000000000000000000..397f3082802625fc9a55544182ed50870b1f240e
--- /dev/null
+++ b/reuters/test/19702
@@ -0,0 +1,13 @@
+GIBRALTAR <GFC> TO BUY THRIFT FOR 12 MLN DLRS
+  Gibraltar Financial Corp
+  said its Gibraltar Savings unit has agreed in principle to buy
+  <First Federal Savings and Loan of Ridgecrest> for about 12.1
+  mln dlrs cash.
+      The company said the actual price will be determined at the
+  close, based on net book value at May 31.
+      It said First Federal is located in Kearn County northeast
+  of Los Angeles and has assets of 130 mln dlrs.
+      It said the transaction is subject to a definitive
+  agreement, shareholder and regulatory approval.
+  
+
diff --git a/reuters/test/19703 b/reuters/test/19703
new file mode 100644
index 0000000000000000000000000000000000000000..e23b90e8f804d4ba1cb797d94173255cd17892d0
--- /dev/null
+++ b/reuters/test/19703
@@ -0,0 +1,11 @@
+WINLEY BUYS LAND FROM M.D.C. HOLDINGS INC <MDC>
+  Winley Home Builders Inc said
+  it completed a land purchase agreement with M.D.C. Holdings Inc
+  <MDC> for 1,090,000 dlrs in notes and preferred stock.
+      The company said it bought 33 lots in Colorado from
+  Richmond Homes Ltd, an M.D.C. unit, in return for 650,000 dlrs
+  in promissory notes and 440,000 dlrs in preferred stock.
+      The company said M.D.C. has an option to convert Winley
+  preferred stock into 20 pct Winley common in a year.
+  
+
diff --git a/reuters/test/19704 b/reuters/test/19704
new file mode 100644
index 0000000000000000000000000000000000000000..7f87587353c835bb7b98bf1b551a31526a1b63b9
--- /dev/null
+++ b/reuters/test/19704
@@ -0,0 +1,7 @@
+STAR CLASSICS INC <SCLS.O> 1ST QTR MARCH 31 NET
+  Shr three cts vs two cts
+      Net 97,224 vs 58,503 
+      Rev 906,368 vs 714,747
+      Avg shrs 3,300,000 vs 3,948,719
+  
+
diff --git a/reuters/test/19706 b/reuters/test/19706
new file mode 100644
index 0000000000000000000000000000000000000000..c9fe352e9898f9c1a6034e28977aa2bca5af151c
--- /dev/null
+++ b/reuters/test/19706
@@ -0,0 +1,7 @@
+GABELLI FIRMS HAVE 28.5 PCT STAKE IN DIGIORGIO CORP, MAY
+SEEK CONTROL
+
+  GABELLI FIRMS HAVE 28.5 PCT STAKE IN DIGIORGIO CORP, MAY
+  SEEK CONTROL
+  
+
diff --git a/reuters/test/19710 b/reuters/test/19710
new file mode 100644
index 0000000000000000000000000000000000000000..2d826c28c5c511b99df79b81567e52c2247ec995
--- /dev/null
+++ b/reuters/test/19710
@@ -0,0 +1,7 @@
+CLEOPATRA KOHLIQUE INC <CLEO.O> YEAR NET
+  year ended March 31
+      Shr three cts vs 11 cts
+      Net 384,723 vs 800,137
+      Revs 5.1 mln vs 3.5 mln
+  
+
diff --git a/reuters/test/19711 b/reuters/test/19711
new file mode 100644
index 0000000000000000000000000000000000000000..947f96592746ae0fe2e2433ff17b2a4c8969cb2a
--- /dev/null
+++ b/reuters/test/19711
@@ -0,0 +1,8 @@
+INTERSTATE BAKERIES <IBC>BUYS MEXICAN FOOD FIRM
+  Interstate Bakeries Corp said
+  its Royal American Foods subsidiary agreed to buy the assets of
+  Landshire Food Products Inc, a New-Mexico-based producer of
+  packaged Mexican food products.
+      Terms of the proposed transaction were not disclosed.
+  
+
diff --git a/reuters/test/19712 b/reuters/test/19712
new file mode 100644
index 0000000000000000000000000000000000000000..357288f6a517ede5be1a79e565fe033b867d7859
--- /dev/null
+++ b/reuters/test/19712
@@ -0,0 +1,7 @@
+FEDERATED GROUP INC <FEGP.O> 1ST QTR LOSS
+  Period ended May 31.
+      Shr loss eight cts vs profit six cts
+      Net loss 895,000  vs profit 662,000
+      Sales 91.1 mln vs 89.8 mln
+  
+
diff --git a/reuters/test/19713 b/reuters/test/19713
new file mode 100644
index 0000000000000000000000000000000000000000..8e36ed5a70f536e91fe56ce279661762b1c75b87
--- /dev/null
+++ b/reuters/test/19713
@@ -0,0 +1,35 @@
+GABELLI FIRMS HOLD 28.5 DIGIORGIO <DIG> STAKE
+  A group of firms led by Gabelli Group
+  Inc told government regulators it holds a 28.5 pct stake in
+  Digiorgio Corp common stock, and said two partnerships making
+  up part of the group may seek control of the company.
+      In a filing with the Securities and Exchange Comission, the
+  group of firms said it holds 2,430,100 shares of Digiorgio
+  common stock. Of the total, 2,059,400 shares are held by GAMCO
+  Investors Inc and Gabelli Funds Inc. for investment purposes,
+  the group said.
+  
+      Gabelli-Rosenthal and Partners LP and G and R Partners,
+  which hold the remaining 370,700 Digiorgio common shares, told
+  the SEC their "purpose is to ultimately obtain control of
+  Digiorgio contingent upon approval of Digiorgio," according to
+  the SEC filing. 
+      As previously reported, Gabelli and Co Inc, acting as
+  investment advisor to a group including Gabelli-Rosenthal,
+  proposed on June 25 to acquire all Digiorgio common shares for
+  a per share price of 20 dlrs in cash, a subordinated note with
+  a face value of eight dlrs, 14 pct redeemable preferred stock,
+  and one common share of the post-buyout company.
+      The June 25 buyout proposal, which remains open until July
+  17, also provides that key members of Digiorgio management and
+  some of its directors would be invited to remain with the firm
+  and participate in the group acquiring the company.
+      The proposal is also subject to a due diligence review,
+  execution of a merger agreement, arrangement of financing and
+  receipt of government approvals, all of which Gabelli and Co
+  said could be completed within 60 days.
+      Between April 13 and June 26, the entire group led by
+  Gabelli Group Inc made net purchases of 403,600 Digiorgio
+  common shares at 22.20 dlrs to 26.79 dlrs a share.
+  
+
diff --git a/reuters/test/19719 b/reuters/test/19719
new file mode 100644
index 0000000000000000000000000000000000000000..3908c878beb608e976acbda3f2e70af607f5f92c
--- /dev/null
+++ b/reuters/test/19719
@@ -0,0 +1,13 @@
+<UNICOA> TO MERGE INTO ITS UNITED INSURANCE UNIT
+  Unicoa Corp said it agreed to a merger
+  with its wholly-owned subsidiary, United Insurance Co of
+  America.
+      Under the agreement, each outstanding share of Unicoa
+  common stock will be converted into one share of United common
+  stock.
+      The agreement is subject to shareholder and regulatory
+  approval. Teledyne Inc <TDY> owns about 98.4 pct of Unicoa's
+  outstanding shares. A shareholder meeting is expected to be
+  held in August.
+  
+
diff --git a/reuters/test/19721 b/reuters/test/19721
new file mode 100644
index 0000000000000000000000000000000000000000..67115c1ba27f91c7239f7709f1d9129c81a3a33a
--- /dev/null
+++ b/reuters/test/19721
@@ -0,0 +1,31 @@
+RAINS HELP U.S. WESTERN CORN BELT, MORE SEEN
+  Weekend rain over the Western Corn Belt
+  brought further relief to crop areas that had been dry earlier
+  this month, and developing weather patterns will bring welcome
+  moisture to central and eastern belt locations this week,
+  according to Dale Mohler, senior meteorologist for Accu-Weather
+  Inc.
+      "There is going to be more rain for the next two, three
+  days," he said. "We're in a fairly wet pattern with normal to
+  above normal moisture this week."
+      Mohler said rainfall averaged 1/2 inch across southern
+  Minnesota, 3/4 inch over southwest Iowa, one inch in eastern
+  Nebraska and 1-1/2 inches in south-central Nebraska.
+      Illinois fields saw virtually no rain over the weekend but
+  were receiving scattered thundershower activity today, he said.
+      Rain patterns will move across Indiana to Ohio with
+  thudershower activity yielding to more general rains, he said.
+      "Tomorrow, that eastern area will get 1/4 to one inch, a
+  pretty good rain," Mohler said.
+      Rain was heavier than expected over the weekend, sparking
+  an early selloff in soybean futures at the Chicago Board of
+  Trade. Prices were off 14 to 20-1/2 cents with November off
+  19-1/2 cents at 5.43-1/2 dlrs.
+      Mohler said the cold front now over the eastern belt is
+  expected to move over the central Midwest, then move north
+  later in the week. That could bring new rain patterns across
+  the Corn Belt and assure good crop conditions as
+  early-developed corn moves into the crucial pollination stage
+  in early July, he said.
+  
+
diff --git a/reuters/test/19723 b/reuters/test/19723
new file mode 100644
index 0000000000000000000000000000000000000000..e66ebeaa2076c57041354eef719dcaee54e7cd21
--- /dev/null
+++ b/reuters/test/19723
@@ -0,0 +1,9 @@
+HOVNANIAN ENTERPRISES INC <HOV> QTR EARNINGS
+  May 31 end
+      Shr 27 cts vs 14 cts
+      Net 5,664,000 vs 2,812,000
+      Revs 68.2 mln vs 54.7 mln
+      Avg shrs 21,254,054 vs 20,167,714
+      NOTE: First quarter report
+  
+
diff --git a/reuters/test/19726 b/reuters/test/19726
new file mode 100644
index 0000000000000000000000000000000000000000..3897aeba9fe4a730f1c44649a4de28bb9321a4e9
--- /dev/null
+++ b/reuters/test/19726
@@ -0,0 +1,7 @@
+FED APPROVES CITICORP PURCHASE OF SOME ASSETS OF SEARS
+CALIF. THRIFT
+
+  FED APPROVES CITICORP PURCHASE OF SOME ASSETS OF SEARS
+  CALIF. THRIFT
+  
+
diff --git a/reuters/test/19727 b/reuters/test/19727
new file mode 100644
index 0000000000000000000000000000000000000000..1f5f91a8c7053c1d0c42b9dd01c00284c600ba86
--- /dev/null
+++ b/reuters/test/19727
@@ -0,0 +1,11 @@
+HEALTH PROPERTIES <HRP> TO BUY PROPERTIES
+  Health and Rehabilitation
+  Properties Trust said it reached an understanding to purchase
+  three nursing facilities in Mass. and Conn. for 29 mln dlrs
+  from Greenery Rehabilitation Group Inc <GRGI.O>.
+      The buildings will be leased back to Greenery for an
+  initial term of seven years, subject to renewal options for an
+  additional 23 years, Health and Rehabilitation Properties said.
+      The transaction is expected to close on or before August 31.
+  
+
diff --git a/reuters/test/19731 b/reuters/test/19731
new file mode 100644
index 0000000000000000000000000000000000000000..ffba3083b03ba37c695e0478803a9b69933e914c
--- /dev/null
+++ b/reuters/test/19731
@@ -0,0 +1,8 @@
+BSN <BSN> BUYS STAKE IN MACGREGOR <MGS>
+  BSN Corp said it holds less than five pct
+  of MacGregor Sporting Goods.
+      The company said the stock was acquired through recent open
+  market purchases and the stake does not require specific
+  disclosure.
+  
+
diff --git a/reuters/test/19732 b/reuters/test/19732
new file mode 100644
index 0000000000000000000000000000000000000000..736d4f324876cc56b3d86d510773b017ff9b2736
--- /dev/null
+++ b/reuters/test/19732
@@ -0,0 +1,12 @@
+VERNITRON <VRN> SETS RECORD DATE FOR MERGER VOTE
+  Vernitron Corp said it has set a
+  new record date for shareholders entitled to vote on the
+  proposed merger of Vernitron Corp with SB Holding Corp for July
+  10.
+      Vernitron, which manufactures electromechanical components
+  and related products and services, said it expects that a
+  special meeting of shareholders will be held in August.
+      Vernitron said that SB Holding holds 55.2 pct in Vernitron,
+  resulting from a tender offer in November 1986.
+  
+
diff --git a/reuters/test/19734 b/reuters/test/19734
new file mode 100644
index 0000000000000000000000000000000000000000..7e282a04fb649d0788d39ced92479ae1e3a31bf1
--- /dev/null
+++ b/reuters/test/19734
@@ -0,0 +1,28 @@
+FED ALLOWS CITICORP <CCI>, SEARS <S> THRIFT DEAL
+  The Federal Reserve Board said it
+  approved Citicorp's application to purchase through its
+  subsidiary, Citicorp Savings of Oakland, Calif., some assets
+  and assume some liabilities of Sears Savings Bank of Glendale,
+  Calif.
+      Citicorp Savings proposed to assume two billion dlrs in
+  deposits and other liabilities and to purchase 1.9 billion dlrs
+  in assets of 50 branch offices of Sears Savings.
+      The proposal involved less than one third of the assets and
+  liabilities of Sears Savings, owned by Sears, Roebuck and Co
+  <S>.
+      The Fed said that it generally has determined there were
+  potentially adverse effects of allowing affiliations of banks
+  and savings and loan associations, although it has allowed bank
+  holding companies to acquire some failing thrifts.
+      It said Citicorp's proposal "properly may be viewed as the
+  permissible acquisition of certain assets and liabilities of S
+  and L branches rather than the acquisition of an S and L."
+      Citicorp Savings, the successor to the failed Fidelity
+  Savings and Loan Association, has assets of 4.9 billion dlrs
+  and operates 86 branches in California, mainly in the north.
+      Sears Savings has 6.6 billion in assets and 91 branches
+  predominantly in southern California.
+      The application, which was approved unanimously, will not
+  eliminate Sears Savings as a competitor, the Fed said.
+  
+
diff --git a/reuters/test/19737 b/reuters/test/19737
new file mode 100644
index 0000000000000000000000000000000000000000..6573930d40fedf8cce92197316ce18fce0de90fd
--- /dev/null
+++ b/reuters/test/19737
@@ -0,0 +1,14 @@
+ICN <ICN> BUYS STAKE FROM EASTMAN KODAK <EK>
+  ICN Pharmaceuticals Inc said
+  it purchased the remaining 225,000 shares of Viratek Inc
+  <VIRA.O> owned by Eastman Kodak Co owned as part of a
+  previously announced program.
+      The company said it paid Kodak 10.50 dlrs a share or 2.4
+  mln dlrs. As previously announced, ICN also said it authorized
+  the additional purchase of up to 1.5 mln shares of Viratek
+  common. To date, ICN said it bought a total of about 1.2 mln
+  shares of Viratek, including the shares purchased from Kodak.
+      The company said it now owns 56 pct of Viratek as a result
+  of these transactions.
+  
+
diff --git a/reuters/test/19742 b/reuters/test/19742
new file mode 100644
index 0000000000000000000000000000000000000000..e0a060b4f19cbd06e3de7d4cdc95ef3019695fd4
--- /dev/null
+++ b/reuters/test/19742
@@ -0,0 +1,8 @@
+RITE AID CORP <RAD> 1ST QTR MAY 30
+  Oper shr 50 cts vs 40 cts
+      Oper net 20.8 mln vs 16.4 mln
+      Revs 531.7 mln vs 418.7 mln
+      NOTE: 1987 1st quarter net excludes a gain of 47.1 mln dlrs
+  or 1.14 dlrs a share for discontinued operations.
+  
+
diff --git a/reuters/test/19744 b/reuters/test/19744
new file mode 100644
index 0000000000000000000000000000000000000000..bdbeada6332c4fb5312916f81578bc681011099d
--- /dev/null
+++ b/reuters/test/19744
@@ -0,0 +1,14 @@
+MAXTOR CORP <MXTR.O> BUYS PRIVATE FIRM
+  Maxtor Corp said it bought
+  privately-held Storage Dimensions Inc for an undisclosed sum.
+      The company said Storage Dimensions incorporates Maxtor's
+  high-capacity 5-1/4-inch Winchester and optical disk drives
+  into a family of data storage subsystems for IBM PCs, XTs, ATs
+  and compatibles.
+      Storage Dimensions is the creator or SpeedStor software, a
+  utility program that integrates high-capacity disk drives into
+  PCs.
+      Maxtor said the purchase reflects its desire to compete in
+  the high-capacity segment of the PC market.
+  
+
diff --git a/reuters/test/19745 b/reuters/test/19745
new file mode 100644
index 0000000000000000000000000000000000000000..11315f9c465e6f16de66f570d856944fb28cc55f
--- /dev/null
+++ b/reuters/test/19745
@@ -0,0 +1,6 @@
+SUPER RITE FOODS INC <SRFI.O> 1ST QTR MAY 30
+  Shr 19 cts vs seven cts
+      Net 936,000 vs 351,000
+      Revs 153.3 mln vs 145 mln
+  
+
diff --git a/reuters/test/19748 b/reuters/test/19748
new file mode 100644
index 0000000000000000000000000000000000000000..f9366fead5fdf2913a594c6b35da5f009c544a79
--- /dev/null
+++ b/reuters/test/19748
@@ -0,0 +1,7 @@
+SEC CHARGES CAMPEAU'S ALLIED STORES WITH DISCLOSURE
+VIOLATIONS IN RECENT TAKEOVER
+
+  SEC CHARGES CAMPEAU'S ALLIED STORES WITH DISCLOSURE
+  VIOLATIONS IN RECENT TAKEOVER
+  
+
diff --git a/reuters/test/19751 b/reuters/test/19751
new file mode 100644
index 0000000000000000000000000000000000000000..8db2fdb621cd9eaf24bb37cdc5eb830054d09ea3
--- /dev/null
+++ b/reuters/test/19751
@@ -0,0 +1,36 @@
+GROUP MAY SUPPORT CARDIS CORP <CDS> BUYOUT
+  A group of companies controlled by
+  Brookehill Partners Inc told government authorities it may
+  support a buyout of Cardis Corp as a way to maximize the value
+  of the company's stock.
+      In a filing with the Securities and Exchange Commission, 
+  the group disclosed that it currently holds a 5.5 pct stake in
+  Cardis common stock, and said it "would likely support" an
+  acquisition of the company as a whole or in parts by another
+  party, terming such a move "the most likely means for the
+  company's shareholders to maximize the value of their
+  investment."
+      Although the group characterized its Cardis stock holdings
+  as principally for investment, it said it intends to contact
+  third parties who might be interested in an acquisition of
+  Cardis, a Los Angeles-based auto parts distributor.
+      The group added its has already had "some contacts" with
+  others concerning the company, but said no understandings have
+  been reached.
+      "The (Cardis) common shares continue to offer opportunity
+  for price appreciation on the basis of the company's asset
+  value and earnings momentum," the Brookehill group told the
+  SEC.
+      The group, which currently holds 318,900 Cardis common
+  shares, consists of New York-based Brookehill Partners and its
+  two subsidiaries, Brookehill Equities Inc, a brokerage, and
+  Moore, Grossman and deRose Inc, an investment advisor. Walter
+  Grossmman, S. Edward Moore and Robert deRose, all of New York,
+  each own one-third interests in Brookehill Partners.
+      Since April 27, members of the Brookehill group made net
+  purchases of 6,000 Cardis common shares at approximately 4 dlrs
+  a share. The group told the SEC it may continue to purchase
+  additional Cardis stock, but also reserved the right to sell
+  its shares in the company.
+  
+
diff --git a/reuters/test/19756 b/reuters/test/19756
new file mode 100644
index 0000000000000000000000000000000000000000..11e41278625c98e1c2824c7fe7b7543682148493
--- /dev/null
+++ b/reuters/test/19756
@@ -0,0 +1,13 @@
+U.S.CONGRESSMAN TO SEE REAGAN ON GULF REFLAGGING
+  U.S. House Speaker Jim Wright said he
+  would question President Reagan tomorrow about his plan to
+  protect Kuwaiti oil tankers with U.S. warships from attacks by
+  Iran in the Gulf.
+      House and Senate Democrats, who control Congress, have been
+  critical of Reagan's plan but have not decided how or if they
+  should try to pass legislation to prohibit it.
+      Wright, a Texas Democrat, told reporters the Administration
+  had gone ahead with plans to reflag the Kuwaiti tankers as U.S.
+  ships without asking Congressional leaders for their advice.
+  
+
diff --git a/reuters/test/19758 b/reuters/test/19758
new file mode 100644
index 0000000000000000000000000000000000000000..c593dffdbf3da24f3ca6fdeecf92ee88f5134cea
--- /dev/null
+++ b/reuters/test/19758
@@ -0,0 +1,13 @@
+CAREMARK <CMRK.O> TO VOTE BAXTER <BAX> MERGER
+  Caremark Inc and Baxter
+  Travenol Laboratories Inc jointly announced that Caremark
+  shareholders will vote on July 31 to approve the previously
+  announced merger with Baxter.
+      The companies said Caremark shareholders of record as of
+  June 26 will be entitled to vote at the meeting to be held in
+  Newport Beach, Calif, at 1000 PDT.
+      On May 11, Baxter and Carmark announced a definitive
+  agreement for Baxter to acquire Carmark in a stock transaction
+  valued at 528 mln dlrs.
+  
+
diff --git a/reuters/test/19760 b/reuters/test/19760
new file mode 100644
index 0000000000000000000000000000000000000000..0568a59714791e9fa5fc7e380bf706cb57f42bab
--- /dev/null
+++ b/reuters/test/19760
@@ -0,0 +1,55 @@
+SEC SAYS CAMPEAU UNIT VIOLATED DISCLOSURE RULES
+  The Securities and Exchange
+  Commission charged Allied Stores Corp with failing to promptly
+  disclose key steps it was taking last September to thwart a
+  takeover attempt by Campeau Corp.
+      In an administrative complaint, the SEC said Allied and its
+  legal adviser failed to promptly inform shareholders and the
+  agency that it had begun talks with Youngstown, Ohio, shopping
+  center developer Edward DeBartolo in response to Campeau's
+  takeover offer.
+      Campeau acquired Allied for an estimated 4.2 billion dlrs
+  on Jan 1, following a battle with DeBartolo.
+      On Sept 25, a day after Allied disclosed that its board had
+  urged rejection of Campeau's Sept 12 tender offer for 58 dlrs a
+  share, Allied began negotiating the sale of six shopping
+  centers to DeBartolo, the SEC said.
+      Allied legal advisor and director George Kern, who heads
+  the merger and acquisitions group at the New York law firm of
+  Sullivan and Cromwell, decided against amending Allied's SEC
+  filing to disclose the talks even though they had resulted in
+  sales price of 405 mln dlrs for the shopping centers, it said.
+      Securities law requires takeover target companies to
+  promptly disclose such things as the sale of major assets.
+      The day after Campeau increased its tender offer to 80 pct
+  of Allied's stock from 55 pct and raised its bid to 66 dlrs a
+  share from 58 dlrs on Sept 29, Allied and a partnership headed
+  by DeBartolo began negotiating a takeover deal aimed at
+  thwarting Campeau, the SEC said.
+      Kern again decided against disclosing the talks in an
+  amended SEC filing, the agency charged.
+      Allied's first disclosure of the DeBartolo takeover was
+  made on Oct 8, even though its board approved the merger on Oct
+  3 and the merger agreement was executed on Oct 7, the complaint
+  said.
+      DeBartolo and Campeau later engaged in a bitter battle for
+  control of Allied, with Campeau winning out later in October
+  when it bought a block of 25.8 mln shares of Allied stock, or
+  48 pct of the total, in a controversial move made only minutes
+  after it dropped its hostile tender offer.
+      The acquisition of the additional 48 pct, which a federal
+  judge allowed to be completed, gave Campeau a majority stake in
+  Allied. Campeau bought the rest at 69 dlrs a share.
+      The SEC said it had planned to file a court brief joining
+  with Allied in charging that Campeau had engaged in an illegal
+  tender offer.
+      But the SEC brief was never filed since the case was
+  dropped following an agreement between Campeau and DeBartolo.
+      In the administrative proceeding against Allied and Kern,
+  the SEC is asking for an administrative order that they comply
+  with reporting provisions of securities laws in the future.
+      Although Allied is no longer publicly traded since it
+  became a subsidiary of Campeau, it still files annual and
+  quarterly reports to the SEC because it has outstanding debt.
+  
+
diff --git a/reuters/test/19761 b/reuters/test/19761
new file mode 100644
index 0000000000000000000000000000000000000000..bd23d3ca332d50bc4ceb4e14e6209e5aa0b2ffea
--- /dev/null
+++ b/reuters/test/19761
@@ -0,0 +1,14 @@
+GREAT COUNTRY BANK <GCBK.O> YEAR MAY 31 NET
+  Shr 31 cts vs n/a
+      Net 671,000 dlrs vs 1,256,000 dlrs
+      Year
+      Shr 1.85 dlrs vs n/a
+      Net four mln dlrs vs 2.8 mln dlrs
+      Assets 426.4 mln dlrs vs 334.1 mln dlrs
+      Deposits 323.1 mln dlrs vs 277.2 mln dlrs
+      Loans 335.9 mln dlrs vs 254.9 mln dlrs
+      Note:the company does not give 1986 per share earnings as
+  it converted from a mutual savings bank to a stock savings bank
+  in January 1986
+  
+
diff --git a/reuters/test/19762 b/reuters/test/19762
new file mode 100644
index 0000000000000000000000000000000000000000..2415e56d2d14cd28a5eb8974c1f047cc9fc388bd
--- /dev/null
+++ b/reuters/test/19762
@@ -0,0 +1,16 @@
+ALLIED-SIGNAL <ALD> COMPLETES UNIT SALES
+  Allied-Signal Inc said it
+  completed the sale seven businesses in its electronics and
+  instrumentation sector for 1.8 billion dlrs in cash and in debt
+  assumed by the purchasers.
+      The company said last December its would sell the units by
+  mid 1987. It did not identify the buyers.
+      The company said the proceeds will be used to reduce debt,
+  continue the company's share buyback program, and increase
+  strategic investments in its core businesses and other
+  corporate purposes.
+      It said the units sold were Ampex Corp, Amphenol Prodcuts,
+  Linotype Group, Neptune International, MPB Corp, Revere Corp
+  and Sigma Instruments Inc.
+  
+
diff --git a/reuters/test/19763 b/reuters/test/19763
new file mode 100644
index 0000000000000000000000000000000000000000..65340c6ef6ef16f5c31c0f09311d52653a432730
--- /dev/null
+++ b/reuters/test/19763
@@ -0,0 +1,9 @@
+CYCARE <CYCR.O> BUYS CONTROL DATA <CAD> UNIT
+  Cycare Systems Inc, an
+  information processing systems company, said it purchased the
+  assets of Control Data Corp's MedTec unit for undisclosed
+  terms.
+      MedTec is a provider of patient accounting and scheduling
+  systems for large scale group medical practices.
+  
+
diff --git a/reuters/test/19764 b/reuters/test/19764
new file mode 100644
index 0000000000000000000000000000000000000000..ab7f542a89c2af93c21d5db5ca6aea44ef9916ea
--- /dev/null
+++ b/reuters/test/19764
@@ -0,0 +1,14 @@
+U.S. MINERALS <USMX.O> COMMISSIONS NEW GOLD MINE
+  U.S. Minerals Exploration Co said it and
+  Pegasus Gold Inc <PGUL.O> of Spokane, Wash, officially
+  commissioned a new gold, zinc and lead producing mine.
+      U.S. Minerals said the new Montana Tunnels Mine near
+  Helena, Mont, is expected to reach full production in August
+  1987. U.S. Minerals said the mine is designed to operate at an
+  average of 12,500 tons or ore per day and is projected to
+  produce 95,000 ounces of gold in 1988, plus significant
+  quantities of silver, lead and zinc.
+      U.S. Minerals said it has a 50 pct net profit royalty
+  interest in the mine after payback of development costs.
+  
+
diff --git a/reuters/test/19766 b/reuters/test/19766
new file mode 100644
index 0000000000000000000000000000000000000000..b42492287e438bae2646db84c47115052078312a
--- /dev/null
+++ b/reuters/test/19766
@@ -0,0 +1,10 @@
+BECOR <BCW> TO ADJOURN DELAYED HOLDERS MEETING
+  Becor Western Inc said no
+  business will be transacted at the shareholders meeting
+  scheduled for 1000 CDT tomorrow and the meeting will be
+  permanently adjourned.
+      If a definitive agreement or transaction results from any
+  of the offers now pending for the company's stock, Becor said,
+  a date for a new shareholders meeting will be established.
+  
+
diff --git a/reuters/test/19767 b/reuters/test/19767
new file mode 100644
index 0000000000000000000000000000000000000000..ef0dcf95d206134d352c1e22624e85a52e98523c
--- /dev/null
+++ b/reuters/test/19767
@@ -0,0 +1,24 @@
+UNIVERSAL COMMUNICATION <UCS> TO SELL ASSETS
+  Universal Communication Systems Inc
+  said it has tentatively agreed to sell substantially all its
+  assets for about 79 mln dlrs in cash and notes plus limited
+  profit participation.
+      The company said the terms of the sale have been approved
+  by its board and by Prime Motor Inns Inc <PDQ>, owner of about
+  84 pct of Universal's outstanding stock.
+      It described the purchaser as a subsidiary of a company in
+  the communications field which is one of the 100 largest U.S.
+  corporations.
+      The company said the transaction involves the payment of 20
+  mln dlrs in cash, a non-interest bearing payment of 11.3 mln
+  dlrs in four equal instalments over four years and two
+  promissory notes guaranteed by an affiliate of the purchaser.
+      It said a 31.5 mln dlr 14 pct note is payable in four equal
+  instalments over four years. It said a 16.3 mln dlr 8.5 pct
+  note due Dec 31, 1992, includes participation in the 1992
+  profits of the acquiring company. Universdal said the profit
+  element can be terminated with payments by the purchaser of
+  either five mln dlrs in 1988, six mln dlrs in 1989, seven mln
+  dlrs in 1990 or eight mln dlrs in 1991.
+  
+
diff --git a/reuters/test/19769 b/reuters/test/19769
new file mode 100644
index 0000000000000000000000000000000000000000..5ec5f6c1f6d6a4412fa12fc58aaa3c780cad618e
--- /dev/null
+++ b/reuters/test/19769
@@ -0,0 +1,10 @@
+UNION <UEL.TO> ENDS PACT TO SELL CANBRA <CBF.TO>
+  Union Enterprises Ltd said its agreement
+  to sell its interest in Canbra Foods Ltd to Macluan Capital
+  Corp has been terminated.
+      Union said Macluan failed to make an offer for Union's 72
+  pct interest in Canbra before the June 22 deadline.
+      Union said it is no longer bound by the agreement and is
+  continuing to seek a buyer for the interest.
+  
+
diff --git a/reuters/test/19773 b/reuters/test/19773
new file mode 100644
index 0000000000000000000000000000000000000000..59e383f837b9f9aa27a88ec76587ea92c8863122
--- /dev/null
+++ b/reuters/test/19773
@@ -0,0 +1,12 @@
+SSMC <SSM> TO BUY CUTTERS EXCHANGE DIVISION
+  SSMC Inc said it has executed a
+  letter of understanding to acquire the Parts Catalog Division
+  of <Cutters Exchange Inc> for an undisclosed amount.
+      SSMC, spun off from the Singer Co <SMF> a year ago, said
+  that the Parts Catalog Division wholesales parts and needles to
+  the industrial sewing trade in the U.S.
+      Under the agreement, key managers and employees of the
+  Parts Catalog Division in Nashville, Tenn, will relocate to the
+  SSMC facility in Murfreesboro, SSMC said.
+  
+
diff --git a/reuters/test/19775 b/reuters/test/19775
new file mode 100644
index 0000000000000000000000000000000000000000..90481538bf1fb18f7cc84ac8e563e67e043d4482
--- /dev/null
+++ b/reuters/test/19775
@@ -0,0 +1,27 @@
+U.S. TO END NETHERLANDS ANTILLES TAX TREATY
+  The Treasury Department said it
+  notified the Netherlands that it was terminating the 1948
+  income tax treaty as it applies to the Netherlands Antilles and
+  Aruba.
+      The termination is effective January 1, 1988, the Treasury
+  said in a two-sentence announcement.
+      The Treasury decided to end the treaty after negotiations
+  between the United States and the Netherlands over the past
+  eight years had failed to reach an accord, a Treasury spokesman
+  said.
+      The decision means the sale by U.S. parent companies of
+  Eurobonds through Netherlands Antilles subsidiaries will no
+  longer be free of the 30 pct U.S. withholding tax, the
+  spokesman said.
+      Terminating the tax treaty with the Netherlands Antilles 
+  may cause bond issuers to call in the bonds early. Most have
+  maturities of 10 years or less and were issued before 1984, the
+  spokesman said.
+      He said the Treasury did not expect the action to have an
+  adverse effect on U.S. issuers of the bonds because the general
+  decline in interest rates means they will be able to refinance
+  at lower interest rates.
+      However, the holders of the bonds presumably will be faced
+  with lower yields.
+  
+
diff --git a/reuters/test/19780 b/reuters/test/19780
new file mode 100644
index 0000000000000000000000000000000000000000..11d2bd6f8d4c252fb5a270c3bd172a311ca4a0b6
--- /dev/null
+++ b/reuters/test/19780
@@ -0,0 +1,12 @@
+CAROLCO PICTURES <CRC>, ORBIS IN AGREEMENT
+  Carolco Pictures Inc said it signed
+  a letter of intent to exchange 2.2 mln of its shares for all
+  Orbis Communications Inc stock within the next 60 days.
+      It said the Carolco shares used in the exchange are valued
+  at 7.00 dlrs a share or a total value of 15.4 mln dlrs and will
+  be adjusted based on the price of Carolco shares on the closing
+  date.
+      It said Orbis management will remain in place for at least
+  three years.
+  
+
diff --git a/reuters/test/19781 b/reuters/test/19781
new file mode 100644
index 0000000000000000000000000000000000000000..d9a0b895c6343c652f8ec2ae1d179a3582fe19ef
--- /dev/null
+++ b/reuters/test/19781
@@ -0,0 +1,24 @@
+CIPEC STUDYING COPPER MARKET BACKWARDATION
+  The Paris-based Intergovernmental Council
+  of Copper Exporting Countries (CIPEC) is closely studying the
+  current backwardation in world copper market prices but does
+  not envisage taking corrective action at present, CIPEC sources
+  here said.
+      The organisation's executive and marketing committees
+  reviewed the current market situation during a series of
+  meetings here late last week, but took no major decisions.
+      The sources noted that the backwardation - premium of
+  nearby supply over forward delivery - dates back several weeks
+  and is the longest on record.
+     "It's unusual," one official said, but added CIPEC did not
+  have any immediate recipe to remedy the situation.
+      The meetings featured a gathering of the 10 directors of
+  CIPEC's regional copper development and promotion centres,
+  which are based in Europe, Japan, India and Brazil.
+      Their main aim was to prepare the ground for the annual
+  ministerial meeting of CIPEC, which is scheduled for Zaire in
+  late September.
+      The last three ministerial meetings have been held in Paris
+  to keep down costs.
+  
+
diff --git a/reuters/test/19784 b/reuters/test/19784
new file mode 100644
index 0000000000000000000000000000000000000000..c1712fda8f7a24d6534b74265c0829e9b72378b2
--- /dev/null
+++ b/reuters/test/19784
@@ -0,0 +1,9 @@
+CANADIAN HOME SHOPPING (CWS.TO) 1ST QTR LOSS
+  Shr loss 26 cts
+      Net loss 1,277,737
+      Revs 3.7 mln
+      Note: full name Canadian Home Shopping Network Ltd.
+      Period ended April 30 was company's first quarter of
+  operations.
+  
+
diff --git a/reuters/test/19786 b/reuters/test/19786
new file mode 100644
index 0000000000000000000000000000000000000000..c56af426a0bfd332e5aba37d9392eb50c4fc655e
--- /dev/null
+++ b/reuters/test/19786
@@ -0,0 +1,14 @@
+OUTOKUMPU IN COPPER DEAL WITH IBERICA DEL COBRE
+  Finland's state-owned mining company
+  Outokumpu Oy said in a statement it was entering Spanish
+  markets as a shareholder in Iberica del Cobre, S.A., a
+  manufacturer of copper products.
+      Outokumpu will acquire 21 pct of the shares in the Spanish
+  company and a company will be set up as an agent for Outokumpu
+  Spain. The deal awaits approval by the Spanish government.
+      Iberica del Cobre makes tubes, rods, rolled and drawn
+  copper and alloy products and its sales of 87,000 tonnes of
+  output in 1986 amounted to 22 billion pesetas. Outokumpu's
+  turnover in 1986 was 7.58 billion markka.
+  
+
diff --git a/reuters/test/19787 b/reuters/test/19787
new file mode 100644
index 0000000000000000000000000000000000000000..3f7149a483de26f21b42fa8145eb0317e8078014
--- /dev/null
+++ b/reuters/test/19787
@@ -0,0 +1,20 @@
+CONCORD FABRICS INC <CIS> 3RD QTR OPER NET
+  Period ended May 31
+      Oper shr 31 cts vs 29 cts
+      Oper net 552,035 vs 525,729
+      Sales 36.7 mln vs 29.1 mln
+      Nine mths
+      Oper shr 1.08 dlrs vs 1.04 dlrs
+      Oper net 1,931,488 vs 1,864,075
+      Sales 104.9 mln vs 87.6 mln
+      NOTE: 1986 period ended June One
+      NOTE: Earnings exclude gain on disposal of discontinued
+  operations of 162,000 dlrs, or nine cts a share vs loss of
+  585,175 dlrs, or 33 cts a share in the quarter and a gain of
+  432,000 dlrs, or 24 cts a share vs a loss of 585,175 dlrs, or
+  33 cts a share for the nine months
+      1986 earnings exclude losses from discontinued operations
+  of 111,024 dlrs, or six cts a share in the quarter and 237,773
+  dlrs, or 13 cts a share for the nine months
+  
+
diff --git a/reuters/test/19788 b/reuters/test/19788
new file mode 100644
index 0000000000000000000000000000000000000000..7bddba6d3cb95f7ea9b85463de6e0ab226817acf
--- /dev/null
+++ b/reuters/test/19788
@@ -0,0 +1,8 @@
+GENERAL PUBLIC UTILITIES <GPU> FIVE MTHS NET
+  Period ended May 31
+      Shr 1.81 dlrs vs 1.45 dlrs
+      Net 113,752,000 vs 90,902,000
+      Revs 1.12 billion vs 1.20 billion
+      NOTE: Full name is General Public Utilities Corp
+  
+
diff --git a/reuters/test/19790 b/reuters/test/19790
new file mode 100644
index 0000000000000000000000000000000000000000..068d87ada9f3d9430515627e78d3c360bbcd87a5
--- /dev/null
+++ b/reuters/test/19790
@@ -0,0 +1,8 @@
+COMTREX SYSTEMS CORP <COMX.O> YEAR LOSS
+  Year ended March 31
+      Shr loss three cts vs profit 10 cts
+      Net loss 58,285 vs profit 182,039
+      Sales 3,857,122 vs 3,188,555
+      Avg shrs 2,108,080 vs 1,891,250
+  
+
diff --git a/reuters/test/19796 b/reuters/test/19796
new file mode 100644
index 0000000000000000000000000000000000000000..ee003a882f7d897dd652c212aaa2a96296f2cc9a
--- /dev/null
+++ b/reuters/test/19796
@@ -0,0 +1,13 @@
+SETON <SEL> DIRECTORS APPROVE MERGER AGREEMENT
+  Seton Co said its board of
+  directors unanimously approved an agreement and plan of merger
+  providing for the merger of Seton with a unit of S Acquisition
+  Corp, a New Jersey company.
+      Seton said its board of directors unanimously approved the
+  merger in a meeting held today.
+      Seton said the agreement and plan of merger provides that
+  all shares of Seton Co common stock not held by S Acquisition
+  Corp, or its units, will be converted upon the merger into the
+  right to receive 15.88 dlrs per share in cash.
+  
+
diff --git a/reuters/test/19799 b/reuters/test/19799
new file mode 100644
index 0000000000000000000000000000000000000000..399e3c0c0e86ccb18d9582eed8d4feb9c5acdda7
--- /dev/null
+++ b/reuters/test/19799
@@ -0,0 +1,17 @@
+DI GIORGIO <DIG> TO EVALUATE GABELLI OFFER
+  Di Giorgio Corp said it plans to
+  respond to an unsolicited recapitalization plan proposed by
+  Gabelli and Co Inc after the company, its board and its
+  investment bankers evaluate the proposal.
+      Earlier, Gabelli said in a filing with the Securities and
+  Exchange Commission that it holds a 28.5 pct stake in DiGiorgio
+  and that it, together with Gamco Investors Inc may seek control
+  of the company.
+      In addition, on June 25 the Gabelli group proposed to
+  acquire all of Di Giorgio's common shares for a combination of
+  20 dlrs per share in cash, a subordinated note with a face
+  value of eight dlrs and one common share of the post-buyout
+  company.
+      The June 25 buyout proposal remains open until July 17.
+  
+
diff --git a/reuters/test/19802 b/reuters/test/19802
new file mode 100644
index 0000000000000000000000000000000000000000..c835635a3fbaa401be5a4d6e83fff6fd6fd1f632
--- /dev/null
+++ b/reuters/test/19802
@@ -0,0 +1,12 @@
+GUNNAR GOLD (GGG.TO) IN VENTURE AGREEMENT
+  Gunnar Gold Inc said it and Mill City
+  Gold Inc signed an option and joint venture agreement with
+  Tyranex Gold Inc on the Tyranite gold property in Ontario.
+      Gunnar said it and Mill City can earn a 50 pct interest in
+  Tyranex's option to buy the Tyranite gold mine by spending up
+  to five mln dlrs on exploration, development, and feasibility
+  studies by 1990.
+      It said the companies may form a joint venture partnership
+  to bring the mine to full commercial production.
+  
+
diff --git a/reuters/test/19803 b/reuters/test/19803
new file mode 100644
index 0000000000000000000000000000000000000000..29f48070863db45bb633e7eb415314b2fb33ee88
--- /dev/null
+++ b/reuters/test/19803
@@ -0,0 +1,10 @@
+DATA ARCHITECTS INC <DAI> 2ND QTR MAY 31 NET
+  Shr 19 cts vs 16 cts
+      Net 502,000 vs 401,000
+      Revs 8,791,000 vs 6,650,000
+      Six mths
+      Shr 38 cts vs 29 cts
+      Net 989,000 vs 745,000
+      Revs 16.3 mln vs 12.5 mln
+  
+
diff --git a/reuters/test/19807 b/reuters/test/19807
new file mode 100644
index 0000000000000000000000000000000000000000..a4c863f0aa8d55bce631978652d93bda1dee9c43
--- /dev/null
+++ b/reuters/test/19807
@@ -0,0 +1,21 @@
+DAUSTER SAYS CONSUMERS SHOULD KEEP OUT OF QUOTAS
+  Consumer countries should not
+  intervene in the distribution of coffee export quotas,
+  Brazilian Coffee Institute president Jorio Dauster said.
+      "Distribution of export quotas should be in the hands of
+  producers as has been traditional," Dauster, a delegate at the
+  recent coffee symposium here, told journalists. "When consumers
+  want to get involved, talks are much more difficult."
+      The main consumer country the United States and main
+  producer Brazil failed to reach agreement on quota distribution
+  when the International Coffee Organisation (ICO) met in
+  February.
+      Dauster said Brazil's role when the ICO meets in London in
+  September will be to support the world coffee pact, defend its
+  market share and argue for distribution of quotas to be in the
+  hands of producer countries.
+      "We have sacrificed a great deal already," he said. "this year
+  we have a crop of 35 mln bags, we have economic problems and we
+  are not in a position to do favours."
+  
+
diff --git a/reuters/test/19808 b/reuters/test/19808
new file mode 100644
index 0000000000000000000000000000000000000000..965484bda3c4b03450e55b97321116ff2104e864
--- /dev/null
+++ b/reuters/test/19808
@@ -0,0 +1,12 @@
+GUNNAR GOLD IN VENTURE AGREEMENT
+  Gunnar Gold Inc said it and Mill City
+  Gold Inc signed an option and joint venture agreement with
+  Tyranex Gold Inc on the Tyranite gold property in Ontario.
+      Gunnar said it and Mill City can earn a 50 pct interest in
+  Tyranex's option to buy the Tyranite gold mine by spending up
+  to five mln dlrs on exploration, development, and feasibility
+  studies by 1990.
+      It said the companies may form a joint venture partnership
+  to bring the mine to full commercial production.
+  
+
diff --git a/reuters/test/19810 b/reuters/test/19810
new file mode 100644
index 0000000000000000000000000000000000000000..bd000f5ff591bdb9a139add643dda8fac41c7049
--- /dev/null
+++ b/reuters/test/19810
@@ -0,0 +1,15 @@
+BRITISH PETROLEUM COMPLETES STANDARD OIL MERGER
+  British Petroleum Company PlC <BP.L> has
+  completed its merger with Standard Oil Co of the U.S. <SRD>,
+  raising its holding to 100 pct from 55 pct, BP said in a
+  statement.
+      The acquisition was made through BP's wholly-owned
+  subsidiary <BP America Inc>. BP took a 25 pct stake in Standard
+  in 1970, raising its stake to 53 pct in 1978 and 55 pct in
+  1984.
+      BP chairman Sir Peter Walters will be chairman of BP
+  America, while Robert Horton is to be vice-chairman and chief
+  executive officer, with Frank Mosier as president.
+      BP said further details would be released on July 21.
+  
+
diff --git a/reuters/test/19812 b/reuters/test/19812
new file mode 100644
index 0000000000000000000000000000000000000000..2443c9c404a99887a289777b67d79f457c4a94ed
--- /dev/null
+++ b/reuters/test/19812
@@ -0,0 +1,7 @@
+THOR ENERGY RESOURCES <THR> YEAR JAN 31 LOSS
+  Shr loss four cts vs loss seven cts
+      Net loss 267,000 vs loss 445,000
+      Revs 6,407,000 vs 7,428,000
+      NOTE: Full name is Thor Energy Resources Inc
+  
+
diff --git a/reuters/test/19815 b/reuters/test/19815
new file mode 100644
index 0000000000000000000000000000000000000000..3507c1d485ef3927a135bf4282d11eab5b491ce6
--- /dev/null
+++ b/reuters/test/19815
@@ -0,0 +1,17 @@
+HEI CORP <HEIC.O> 4TH QTR MARCH 31 LOSS
+  Oper shr loss 13 cts vs profit three cts
+      Oper net loss 644,000 vs profit 184,000
+      Revs 24.9 mln vs 22.1 mln
+      Year
+      Oper shr loss nine cts vs profit 21 cts
+      Oper net loss 429,000 vs profit 1,123,000
+      Revs 90.8 mln vs 86.5 mln
+     
+      NOTE: Revenues exclude medical publishing and retail
+  operations the company decided to dispose of during the fourth
+  quarter which had fiscal year revenues of 17.3 mln dlrs vs 14.4
+  mln dlrs.
+      Operating results exclude discontinued operations which had
+  year loss of 364,000 dlrs vs profit 313,000 dlrs.
+  
+
diff --git a/reuters/test/19821 b/reuters/test/19821
new file mode 100644
index 0000000000000000000000000000000000000000..90cd019c80058f4cfaf0f6b34c6874c666e5d7f7
--- /dev/null
+++ b/reuters/test/19821
@@ -0,0 +1,9 @@
+U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS,
+SOYBEANS 8,392 WHEAT 33,641 CORN 33,728
+                             
+
+  U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS,
+  SOYBEANS 8,392 WHEAT 33,641 CORN 33,728
+                               
+  
+
diff --git a/reuters/test/19823 b/reuters/test/19823
new file mode 100644
index 0000000000000000000000000000000000000000..885f1285a52efb14c89755c7638a854f6c6dcd0e
--- /dev/null
+++ b/reuters/test/19823
@@ -0,0 +1,6 @@
+RTE <RTE> BUYS SOME EMHART <EMH> ASSETS
+  RTE Corp said it completed the
+  purchase of the U.S. aluminum electrolytic capacitor business
+  and related assets of Emhart Corp, for undisclosed terms.
+  
+
diff --git a/reuters/test/19826 b/reuters/test/19826
new file mode 100644
index 0000000000000000000000000000000000000000..f20aecc50635fede6a483e024e6ed19043b77ef8
--- /dev/null
+++ b/reuters/test/19826
@@ -0,0 +1,10 @@
+ROCHESTER <RTC> ACQUIRES <CANTON TELEPHONE CO>
+  Rochester Telephone Corp said it
+  completed the acquisition of Canton Telephone Co and is now
+  operating the company.
+      Terms of the acquisition were not disclosed.
+      Canton Telephone serves about 2,900 access lines in
+  northwestern Pennsylvania and had 1986 operating revenues of
+  about 1,300,000 dlrs, Rochester Telephone said.
+  
+
diff --git a/reuters/test/19828 b/reuters/test/19828
new file mode 100644
index 0000000000000000000000000000000000000000..49dc172f3ede240847d4b23f34b9f3969343c3d2
--- /dev/null
+++ b/reuters/test/19828
@@ -0,0 +1,53 @@
+SAN FRANCISCO, NOT REGION, HURT BY RESTRUCTURING
+  Corporate mergers and acquisitions
+  in and around San Francisco over the past seven years have had
+  only a modest effect on the metropolitan area's economy, a
+  leading business-backed organization said.
+      The Bay Area Council, a group of more than 300 business
+  firms, said that a study of corporate restructuring in a
+  nine-county area found that San Francisco itself had suffered
+  some ill effects from corporate shake-ups but that surrounding
+  communities had not.
+      Seventeen of the 32 Fortune 500 companies in the area left
+  due to corporate restructuring between 1979 and 1986, but
+  another 21 firms were added to the list.
+      Ten of the departing companies were based in San Francisco.
+  During the period, only six located in the city achieved
+  Fortune 500 status.
+      Ted Hall, a council director and local managing director of
+  McKinsey and Co. which conducted the survey, said the study
+  grew out of concern that mergers and acquisitions had seriously
+  hurt the economic climate of northern California.
+      However, Hall said that only about 36,000 jobs had been
+  lost in the region, while more than 600,000 new jobs were
+  created during the period.
+      At the same time, he said, the region experienced a greater
+  rise in per capita income and lower unemployment than the rest
+  of the United States and California.
+      Council President George Keller, who also is chairman and
+  chief executive officer of Chevron Corp., told a news
+  conference that the region had difficulties in persuading
+  companies to locate there because of a fragmented local
+  political system.
+      But he said that because of the amenities of living in San
+  Francisco, he was the envy of many chief executives in other
+  metropolitan area.
+      "It's a great place to run a business," he added, "but it's
+  a hell of a place to do business with government."
+      The study concluded that Chevron, which mergered with Gulf
+  Oil in 1984, would benefit in the long run from the
+  restructuring activity.
+      Among the corporate headquarters lost during the period
+  were Crown Zellerbach, Memorex, Southern Pacific, Castle &
+  Cooke and Rolm.
+      Companies that grew enough during the period to make the
+  Fortune 500 list included Apple Computer, Pacific Telesis,
+  McKesson, Tandem Computer, U.S. Leasing and Amfac.
+      The study by the management consulting firm said that,
+  partly due to corporate restructuring, the rate of job growth
+  in San Francisco has slowed since 1980.
+      In addition, it said that the loss of corporate leadership
+  had adversely affected some of the Bay Area's civic and
+  charitable activities.
+  
+
diff --git a/reuters/test/19830 b/reuters/test/19830
new file mode 100644
index 0000000000000000000000000000000000000000..96636cf6008091c451f148fa19cdfe60f3eb6722
--- /dev/null
+++ b/reuters/test/19830
@@ -0,0 +1,12 @@
+WTC SHAREHOLDERS APPROVE PITTSTON <PCO> BUYOUT
+  Pittston Co said WTC
+  International N.V. shareholders approved the acquisition of the
+  company by Pittston.
+      Terms of the transaction call for Pittston to exchange
+  0.523 of its own common shares for each outstanding WTC share,
+  Pittston said.
+      WTC is engaged in domestic international air freight, ocean
+  and surface freight forwarding and consolidation and
+  distribution services.
+  
+
diff --git a/reuters/test/19831 b/reuters/test/19831
new file mode 100644
index 0000000000000000000000000000000000000000..23e25a17ccf0acb79320b49e3f177f9f28201b2e
--- /dev/null
+++ b/reuters/test/19831
@@ -0,0 +1,20 @@
+HOME FEDERAL <HFBF.O> SETS SHAREHOLDER MEETING
+  Home Federal Bank of
+  Florida F.S.B. <HFBF.O> said it has scheduled a special
+  shareholders meetng for July 26 to approve proposed changes to
+  the bank's charter and merge with Barnett Bank Inc's Barnett
+  Bank of Pinellas County, N.A.
+      Home Federal said the meeting is to approve a definitive
+  agreement signed May 26, calling for each share of Home
+  Federal's common stock to be exchanged for about 40 dlrs in
+  market value of Barnett common stock. The exchange would be
+  based on conversion of Home Federal shares of not less than
+  1.935 or more than 1.200 shares of Barnett stocks.
+      At 40 dlrs a share, Home Federal said the total market
+  value of the transaction would be about 175 mln dlrs.
+      Home Federal said notice of the meeting and related proxy
+  materials, which has been filed previously with the Securities
+  and Exchange Commission and the Federal Home Loan Bank board,
+  were mailed on June 26, to holders of record on June 15.
+  
+
diff --git a/reuters/test/19832 b/reuters/test/19832
new file mode 100644
index 0000000000000000000000000000000000000000..3b2e109d0d8b9423fc17489fd29a3c7e2803b154
--- /dev/null
+++ b/reuters/test/19832
@@ -0,0 +1,45 @@
+CHEVRON N.SEA FIND MAY HOLD 300 MLN BBLS -ANALYSTS
+  A North Sea oil find announced by Chevron
+  Corp's <CHV> Chevron Exploration North Sea Ltd may indicate a
+  new field with recoverable crude oil reserves of 300 mln
+  barrels, industry analysts said.
+      Chevron said a sidetrack well on block 16/26 on the U.K.
+  Continental shelf tested 9,000 barrels per day (bpd) of 20 API
+  crude oil from the tertiary "Alba" sand through a three-inch
+  surface choke.
+      "The estimated amount of oil at the Alba field is around 320
+  mln barrels," Paul Spedding of stockbroker Kleinwort Grieveson
+  and Co told Reuters.
+      He said industry estimates put the total reserves at the
+  field at over one billion barrels, but given the low gravity of
+  oil, the recovery rate would be expected to be around 20-25
+  pct.
+      Analysts said the results were encouraging, but the
+  potential difficulty of operating and recovering oil in the
+  field was shown by the fact that the first well had to be
+  plugged and a sidetrack drilled.
+      "The field seems to be shallow and widespread, which will
+  require a multi-platform development in recovery, pushing costs
+  up," Christopher Osborne of stockbroker Hoare Govett said.
+      Most analysts said that although the low gravity of the oil
+  found would require additional costs in recovery, the test well
+  showed that it flows well.
+      "Although the gravity of oil at the field seems to be low,
+  it seems to flow quite well and around 300 mln barrels could be
+  recovered," Carol Bell of Phillips and Drew told Reuters.
+      However, Chevron officials declined to comment on the
+  analysts' reserve estimates. They said that without further
+  research and drilling in the area this summer, they would not
+  disclose any reserve figures.
+      Analysts said that if the field were declared commercial
+  and developed, there would be a ready local market for the
+  heavy crude it produced.
+      "Most refineries are now upgraded to refine heavy oils and
+  the price differentials between heavy and light crudes are a
+  lot narrower today," Osborne said.
+      Chevron operates the block on behalf of 16 companies which
+  include British Petroleum Development Ltd, DSM Hydrocarbons
+  (UK) Ltd, Enterprise Oil (TNS) Ltd, Marathon Int. Pet. (GB) Ltd
+  and Phillips Petroleum Co U.K. Ltd.
+  
+
diff --git a/reuters/test/19833 b/reuters/test/19833
new file mode 100644
index 0000000000000000000000000000000000000000..1e83935623a29ea7e5649e7ce1853092af98983e
--- /dev/null
+++ b/reuters/test/19833
@@ -0,0 +1,19 @@
+ARDEN GROUP <ARDNA.O> PLANS ISSUER TENDER
+  Arden Group Inc said it filed a
+  registration statement with the Securities and Exchange
+  Commission covering two issuer tender offers.
+      It said one offer its directed to its class A common stock
+  holders and another to holders of its 8-1/4 pct debentures due
+  March 1, 1989.
+      The planned offer for common stock holders calls for the
+  company to exchange either 30 dlrs in cash, or 35 dlrs
+  principal amount of 13 pct subordinated debentures due
+  September 1, 1997, or one share of a new class B common stock,
+  for each class A share held, Arden Group said.
+      It also said the cash payment is subject to proration.
+      In addition, the company said it plans to offer to exchange
+  one dlr principal amount of 13 pct debentures due September 1,
+  1997 for each outstanding one dlr principal amount of 8-1/4 pct
+  debentures.
+  
+
diff --git a/reuters/test/19835 b/reuters/test/19835
new file mode 100644
index 0000000000000000000000000000000000000000..8d32cf3df1fba8eac19142364c81b95751201e21
--- /dev/null
+++ b/reuters/test/19835
@@ -0,0 +1,17 @@
+PAKISTAN ALLOWS PRIVATE COTTON, RICE EXPORTS
+  The Pakistani government allowed the
+  private sector to export cotton and rice in a new trade policy
+  announced to cover the next three years.
+      Commerce and Planning Minister Mahbubul Haq said in a
+  televised speech it was also decided to allow duty-free import
+  of cotton yarn.
+      Cotton and rice are Pakistan's main exports, which have
+  been handled exclusively by state corporations since early
+  1970s. Haq said now the private sector would export cotton and
+  rice along with the state corporations.
+      He said duty-free import of cotton yarn was allowed to make
+  high quality yarn available to local ancillary industries and
+  to enable them to compete effectively in the world market. This
+  would help overcome domestic shortages of yarn, he said.
+  
+
diff --git a/reuters/test/19837 b/reuters/test/19837
new file mode 100644
index 0000000000000000000000000000000000000000..3a616908911c221b52206eea6ca38015f62dbe98
--- /dev/null
+++ b/reuters/test/19837
@@ -0,0 +1,14 @@
+LOMAS <LNK> SHAREHOLDERS APPROVE ACQUISITION
+  Lomas and Nettleton Financial Corp said
+  its shareholders approved at a special meeting the company's
+  acquisition of Equitable Life Leasing Corp for 263.3 mln dlrs.
+      Equitable Life Leasing Corp is a subsidiary of Equitable
+  Investment Corp, which is owned by the Equitable Life Assurance
+  Co of U.S.
+      Lomas said the acquistion price will consist of one mln in
+  cash, 1.5 mln shares of the company's common stock, 71,000
+  shares of a new series C preferred stock, and 8.944 mln dlrs
+  principal amount of nine pct senior notes due 1994.
+      The company added that the acquisition will close June 30.
+  
+
diff --git a/reuters/test/19839 b/reuters/test/19839
new file mode 100644
index 0000000000000000000000000000000000000000..373be746cd4ae369c1d0273c062336bcb7c21f76
--- /dev/null
+++ b/reuters/test/19839
@@ -0,0 +1,10 @@
+ALMI GROUP ACQUIRES INTEREST IN CLEARVIEW BAKING
+  <ALMI Group L.P.> said its
+  co-chairmen, Michael Landes and Albert Schwartz, and its vice
+  chairman, Michael Spiegler, have acquired a 50 pct equity
+  interest in <Clearview Baking Corp> for undisclosed terms.
+      A. Dale Mayo, Clearview's president and chief executive
+  officer, will retain a 50 pct interest in the company, ALMI
+  Group said.
+  
+
diff --git a/reuters/test/19844 b/reuters/test/19844
new file mode 100644
index 0000000000000000000000000000000000000000..9bc7d74f82ea5d5eaf1200b73ce3cda96aa0a53d
--- /dev/null
+++ b/reuters/test/19844
@@ -0,0 +1,25 @@
+ECUADOR TO PRODUCE ABOVE OPEC QUOTA - MINISTER
+  Ecuador will produce crude oil in excess
+  of its 221,000-bpd OPEC quota during the second half of this
+  year, Energy Minister Fernando Santos Alvite told a news
+  conference.
+      Ecuador plans to produce 280,000 bpd in August, rising to
+  320,000 bpd next January, the minister said.
+      "We will be producing more than the quota to pay off the
+  crude and products we have been lent by Venezuela, Nigeria and
+  Kuwait and to compensate for the crude we have been unable to
+  produce during the past few months," he said.
+      Earthquake damage to a pipeline sharply cut Ecuadorean
+  production from March to May this year.
+      Santos said the move had been explained to fellow OPEC
+  members during last week's meeting in Vienna, when an increase
+  in Ecuador's quota to 221,000 bpd from 210,000 was approved.
+      "They understood our position and we believe we remain
+  within the spirit of the (quota) agreement," he said.
+      Immediately before the March quake Ecuadorean production
+  was 250,000-260,000 bpd, with 144,000 bpd exported.
+      While its production was down, Venezuela, Nigeria and
+  Kuwait loaned Ecuador a total 12 mln barrels of crude and four
+  mln barrels of products, Santos said.
+  
+
diff --git a/reuters/test/19850 b/reuters/test/19850
new file mode 100644
index 0000000000000000000000000000000000000000..1e0d2e08cbf77e204647af459212da4bc63428c1
--- /dev/null
+++ b/reuters/test/19850
@@ -0,0 +1,11 @@
+LAIDLAW TRANSPORTATION LTD (LDMF.O) THIRD QTR
+  Shr 20 cts vs 12 cts
+      Net 34,088,000 vs 18,727,000
+      Revs 340.4 mln vs 200.3 mln
+      Nine mths
+      Shr 53 cts vs 31 cts
+      Net 88,661,000 vs 49,059,000
+      Revs 926.5 mln vs 560.1 mln
+      Avg shrs 151.1 mln vs 137.0 mln
+  
+
diff --git a/reuters/test/19854 b/reuters/test/19854
new file mode 100644
index 0000000000000000000000000000000000000000..9f52f167626a6add60f1f13f20e4a09ee4ffcc50
--- /dev/null
+++ b/reuters/test/19854
@@ -0,0 +1,13 @@
+MORRISON INC <MORR.O> 4TH QTR MAY 30 NET
+  Oper shr 38 cts vs 32 cts
+      Qtly div 12 cts vs 12 cts
+      Oper net 5,430,000 vs 4,707,000
+      Revs 169.1 mln vs 139.4 mln
+      Year
+      Oper shr 1.50 dlrs vs 1.32 dlrs
+      Oper net 21.5 mln vs 19.1 mln
+      Revs 602.5 mln vs 524.4 mln
+      NOTE: 1986 operating net in both periods excludes loss 8.2
+  mln dlrs, or 56 cts a share, from discontinued operations
+  
+
diff --git a/reuters/test/19856 b/reuters/test/19856
new file mode 100644
index 0000000000000000000000000000000000000000..a40abffdcea5fc33a3fc75718c4681e8f89f16a5
--- /dev/null
+++ b/reuters/test/19856
@@ -0,0 +1,6 @@
+WAL-MART <WMT> COMPLETES ACQUISITION
+  Wal-Mart Stores Inc said it has
+  completed the acquisition of <Super Saver Warehouse Inc> and
+  Super Saver is now a wholly owned unit of Wal-Mart.
+  
+
diff --git a/reuters/test/19860 b/reuters/test/19860
new file mode 100644
index 0000000000000000000000000000000000000000..1a828b320d4b3d0cb15257a62610ca46cca0c89d
--- /dev/null
+++ b/reuters/test/19860
@@ -0,0 +1,7 @@
+KRAFT <KRA> COMPLETES FROSTEX ACQUISITION
+  Kraft Inc said it completed the
+  acquisition of Frostex Foods Inc for undisclosed terms.
+      Kraft said last month it had signed a letter of intent to
+  acquire the Austin, Texas-based foodservice distributor.
+  
+
diff --git a/reuters/test/19862 b/reuters/test/19862
new file mode 100644
index 0000000000000000000000000000000000000000..2aacf81b751ae70f43da8fcd6609e9803b64449c
--- /dev/null
+++ b/reuters/test/19862
@@ -0,0 +1,14 @@
+PRECISION TARGET MARKETING <PTMI.O> 4TH QTR NET
+  Qtr ended April 30
+      Shr profit one ct vs loss three cts
+      Net profit 146,000 vs loss 203,000
+      Revs 2,001,000 vs 1,493,000
+      Year
+      Shr profit four cts vs loss 13 cts
+      Net profit 445,000 vs loss 827,000
+      Revs 7,135,000 vs 5,237,000
+      NOTE: Full name is Precision Target Marketing Inc. Latest
+  year and quarter includes extraordinary gains of 214,000 dlrs,
+  or three cts a share, and 85,000 dlrs, or one ct a share.
+  
+
diff --git a/reuters/test/19864 b/reuters/test/19864
new file mode 100644
index 0000000000000000000000000000000000000000..561bc5d3fb6232d7aa0899ffa6af3d39bce599ac
--- /dev/null
+++ b/reuters/test/19864
@@ -0,0 +1,11 @@
+RTE CORP <RTE> BUYS EMHART CORP UNIT
+  RTE Corp said it completed the
+  purchase of Emhart Corp's United States aluminum electrolytic
+  capacitor business for an undisclosed sum.
+      The company said the capacitor business is part of Emhart's
+  electrical and electronic group marketed under the Mallory
+  brand name.
+      The company said the product lines it acquired had sales of
+  25 mln dlrs last year.
+  
+
diff --git a/reuters/test/19865 b/reuters/test/19865
new file mode 100644
index 0000000000000000000000000000000000000000..70457483644fcecb816048ab16f5710674bca057
--- /dev/null
+++ b/reuters/test/19865
@@ -0,0 +1,8 @@
+SEVEN OAKS INTERNATIONAL INC <QPON.O> YEAR NET
+  Periods ended April 30
+      Shr 83 cts vs 94 cts
+      net 5,583,000 vs 8,403,000
+      Revs 28.8 mln vs 29.4 mln
+      Avg shrs 6,754,000 vs 6,802,000
+  
+
diff --git a/reuters/test/19866 b/reuters/test/19866
new file mode 100644
index 0000000000000000000000000000000000000000..2736f94aa9d0f8089461989f769e34148fb1d3ce
--- /dev/null
+++ b/reuters/test/19866
@@ -0,0 +1,12 @@
+UNITED MEDICAL CORP <UM> SELLS UNIT
+  United Medical Corp said it
+  will sell its Trotter Treadmills Inc unit.
+      The company said the sale is in line with its strategy of
+  refocusing on its health care service business. It said it had
+  received interest from several parties, but no agreement has
+  yet been reached.
+      Trotter Treadmills makes motorized treadmills for the
+  exercise enthusiast and fitness club market. It said its sales
+  for this year are projected to be over 10 mln dlrs.
+  
+
diff --git a/reuters/test/19867 b/reuters/test/19867
new file mode 100644
index 0000000000000000000000000000000000000000..793376f95f07f96e192859e8d988950da701ad8d
--- /dev/null
+++ b/reuters/test/19867
@@ -0,0 +1,34 @@
+FRANCO-GERMAN PARLEY FAILS TO UNBLOCK FARM TALKS
+  A specially convened Franco-German
+  meeting in the sidelines of a summit of EC leaders failed to
+  make any progress over a 1987-88 farm price package that has
+  deeply split the two former EC allies, diplomats said
+      The meeting was attended by farm ministers and foreign
+  ministers from both countries and by French President Francois
+  Mitterand, his Prime Minister Jacques Chirac, and by Chancellor
+  Helmut Kohl of West Germany.
+      The stalemate over farm prices is seen as a key to
+  providing a solution to a long-term settlement of the
+  Community's worst-ever budget crisis.
+      "The Germans clearly do not want to budge," an aide to Chirac
+  told reporters. He added the French Prime Minister was visibly
+  angered as he the hour-long meeting.
+      Bonn and Paris are diametrically opposed to a proposal for
+  the Brussels Executive Commission to overhaul radically the
+  EC's complex "green" currrency system, designed to translate
+  common EC farm prices into national currencies.
+      Paris also supports a move for an oils and fats tax which
+  West Germany is against, along with Britain, Denmark and the
+  Netherlands.
+      EC farm minsters are due to resume negotiations on the
+  package, which should have been agreed by an April 1 deadline
+  tomorrow.
+      Diplomats said it had been hoped that the summit could have
+  injected fresh impetus into those talks.
+      The Commission proposed its package to save one billion
+  dollars on the EC's ever-rising farm budget.
+      The summit has been dominated by lengthy talks on moves to
+  alter the entire system of financing the 12-nation group, and
+  plugging a 5.7 billion dollar budget shortfall for 1987.
+  
+
diff --git a/reuters/test/19869 b/reuters/test/19869
new file mode 100644
index 0000000000000000000000000000000000000000..57b68d7dcb0ea791c77f63ed337d64e939ccb60a
--- /dev/null
+++ b/reuters/test/19869
@@ -0,0 +1,33 @@
+VENEZUELA LOWERS EXCHANGE RATE FOR OIL EARNINGS
+  Venezuela's cabinet approved a new
+  exchange rate for oil and mining export earnings, setting it at
+  14.50 bolivars to the dollar from 7.50 bolivars previously,
+  Minister Manuel Azpur UA said.
+      Azpur told reporters after a cabinet meeting that the
+  measure is "fundamental to conserving the economic and financial
+  strength of the petroleum industry."
+       He said the new exchange rate, which goes before the
+  central bank for final approval tommorrow, will allow the state
+  oil company Petroleos De Venezuela, S.A.(PDVSA) to solve its
+  problem of working capital and implement investment plans,
+  estimated at 20 billion bolivars for 1987. He did not say when
+  the measure would become effective.
+     Venezuela's oil industry previously sold its dollar earnings
+  to the government at 7.50 to the dollar but bought foreign
+  exchange from its imports at 14.50 bolivars.
+     The new exchange rate will promote purchases of domestic
+  goods and services by the industry, Azpur said. He added that
+  it would also put PDVSA in a position to purchase more
+  government debt bonds.                        
+      PDVSA had available liquid assets of 20 billion bolivars at
+  the start of this year, of which nine billion were in a trust
+  fund in the Central Bank of Venezuela (BCV) and placed in
+  government bonds.
+    According to a contract between PDVSA and the central bank,
+  the BCV must provide cash as the oil industry requries by
+  repurchasing the bonds.
+      PDVSA's contribution to the treasury last year was 44.480
+  billion bolivars. It foreign earnings for oil and petrochemcial
+  sales were 8.023 billion dlrs.
+  
+
diff --git a/reuters/test/19870 b/reuters/test/19870
new file mode 100644
index 0000000000000000000000000000000000000000..946d2cbd6bfad66bb125d1fb5237dd47d4b0877f
--- /dev/null
+++ b/reuters/test/19870
@@ -0,0 +1,10 @@
+CYCARE SYSTEMS INC <CYCR> BUYS MEDTEC
+  CyCare Systems Inc said it bought
+  Control Data Corp's <CDA> MedTec unit for an undisclosed sum.
+      The company said MedTec's new client base could have a
+  significant impact on long-term revenues, although it expects a
+  minimal positive impact on earnings in the next six months.
+      It said the assets purchased include processing agreements,
+  software maintenance contracts and the supporting software.
+  
+
diff --git a/reuters/test/19872 b/reuters/test/19872
new file mode 100644
index 0000000000000000000000000000000000000000..a063f52474b0c2ffba134586985d2e67693f833b
--- /dev/null
+++ b/reuters/test/19872
@@ -0,0 +1,7 @@
+BASS-LED GROUP HAS 8.9 PCT BELL and HOWELL CO STAKE FOR
+INVESTMENT
+
+  BASS-LED GROUP HAS 8.9 PCT BELL and HOWELL CO STAKE FOR
+  INVESTMENT
+  
+
diff --git a/reuters/test/19874 b/reuters/test/19874
new file mode 100644
index 0000000000000000000000000000000000000000..b675e7e4c468c9f480fc32f1e31f697f96a62dcd
--- /dev/null
+++ b/reuters/test/19874
@@ -0,0 +1,9 @@
+MCCHIP <MCS.TO> TO ACQUIRE RESERVE HOLDING
+  McChip Resources Inc said it has agreed
+  to exchange its interest in Oklahoma oil and gas properties
+  operated by Reserve Exploration Co <REXC.O> for 638,435
+  restricted Reserve common shares.
+      The company said it will have a 44 pct stake in Reserve's
+  outstanding shares as a result of the exchange.
+  
+
diff --git a/reuters/test/19875 b/reuters/test/19875
new file mode 100644
index 0000000000000000000000000000000000000000..b85ea302e73a9924823931921198c91e2dcb480b
--- /dev/null
+++ b/reuters/test/19875
@@ -0,0 +1,44 @@
+INTEREST RATES HURT U.S. MAY HOUSING SALES
+  Sales of new single-family homes
+  tumbled 14.9 pct in May from April levels because of higher
+  mortgage interest rates, analysts said.
+      "There should be another month or two of very weak new home
+  sales but with interest rates stabilizing, sale of new homes
+  should become more stable by mid-summer," said economist
+  Lawrence Chimerine of Wharton Econometrics Inc.
+      The drop in May, to a seasonally adjusted annual rate of
+  616,000 units, was the largest since January 1982, the Commerce
+  Department said.
+      Interest rates on conventional mortgages bottomed out at
+  about 9.08 pct in March and rose to about 10.7 pct in April,
+  according to Stephen Roach, economist at Morgan Stanley.
+      The effect was to freeze some potential new homebuyers out
+  of the market, he and others said.
+      "The rates moved very suddenly and were certainly
+  unexpected by homebuyers," said Cynthia Latta, an economist
+  with Data Resources. "They were so startled, they wanted to
+  hold back and see what would happen."
+      The drop in sales of new single-family home sales was
+  sharper than expected, some economists said. "We fully expected
+  a decline but the extent was more than we anticipated," said
+  James Christian, chief economist for the U.S. League of Savings
+  Institutions.
+      Christian said there was a sharp rise in May in sales of
+  existing homes, which are generally less expensive than new
+  homes.
+      Latta of Data Resources said strong sales of new
+  condominiums in the Northeast and on the West Coast were
+  reflected in sales of existing but not new homes.
+      Christian of the U.S. League of Savings Institutions said,
+  "Underlying housing demand remains strong. I think the market
+  is going to stabilize and give us a good second half."
+      Others were less optimistic, however.
+      "We clearly won't have a boom (in new home sales) but I
+  don't think this is the start of a collapse in single-family
+  housing," said Chimerine of Wharton.
+      Eugene Sherman, chief economist of the Federal Home Loan
+  Bank of New York, said, "The lower sales level will be
+  maintained for awhile until there is another change in rates.
+  There won't be much specific improvement in coming months."
+  
+
diff --git a/reuters/test/19880 b/reuters/test/19880
new file mode 100644
index 0000000000000000000000000000000000000000..941ac324083d199e2afddd20da121022610de1c9
--- /dev/null
+++ b/reuters/test/19880
@@ -0,0 +1,14 @@
+BASS GROUP HAS STAKE IN BELL AND HOWELL <BHW>
+  An investor group led by Robert Bass
+  of Fort Worth, Texas said it owns 786,800 shares of Bell and
+  Howell Co common stock, equal to 8.9 pct of the company's
+  common stock outstanding. 
+      In a filing with the Securities and Exchange Commission,
+  the group said it purchased 511,500 Bell and Howell common
+  shares between April 29 and June 26 at 44.25 dlrs to 56.02 dlrs
+  a share.
+      The stock was acquired for investment purposes, the group
+  said, adding it may purchase or sell additional shares in the
+  future.
+  
+
diff --git a/reuters/test/19882 b/reuters/test/19882
new file mode 100644
index 0000000000000000000000000000000000000000..dc8d05b4992f00bcac36695fd874b62bc96adeea
--- /dev/null
+++ b/reuters/test/19882
@@ -0,0 +1,36 @@
+U.S. REASSERTS PLANS FOR DETERRENT ROLE IN GULF
+  The United States responded to an
+  apparent escalation of Iranian rhetoric with continued
+  assurances that its expanded military force in the Gulf would
+  play purely a deterrent role.
+      "I can only emphasize that our role there is deterrent, that
+  we're going to be assuring safety for American shipping and
+  that that shipping is not related to the war itself," State
+  Department spokesman Charles Redman told reporters.
+      He was asked about Iranian claims that the United States
+  was moving towards the brink of armed conflict with Iran.
+      Tehran Radio quoted defence spokesman Ali Akbar Hashemi
+  Rafsanjani telling a visiting Nicaraguan delegation yesterday,
+  "At the moment the United States is moving towards the brink of
+  an armed encounter with us.
+      "We are not concerned about this and believe that the U.S.
+  Presence in the war will make our nation even more serious. We
+  are determined to stand firm and will certainly win."
+      The United States disclosed last week it was beefing up its
+  Gulf fleet from seven to 10 warships and also sending the
+  refurbished battleship Missouri to patrol just outside the
+  strategic Strait of Hormuz, entrance to the Gulf.
+      The buildup ties in with U.S. Plans to escort Kuwaiti oil
+  tankers which have been re-registered to fly the American flag
+  and gain naval protection against Iranian attacks.
+      Asked about the Iranian rhetoric, White House spokesman
+  Marlin Fitzwater said, "We won't have any comment or response to
+  the Iranian statements. Our position has been made clear about
+  the status of events in the Gulf. We want an end to the war
+  with no winners and no losers and any activities or statements
+  that tend to prolong the war or increase hostilities are not
+  helpful or welcome."
+      Redman said he could not independently confirm reports that
+  Iran has offered to halt attacks on Gulf shipping.
+  
+
diff --git a/reuters/test/19887 b/reuters/test/19887
new file mode 100644
index 0000000000000000000000000000000000000000..79a6bd9dbe6c1246339d48661ab701ef1a00adcc
--- /dev/null
+++ b/reuters/test/19887
@@ -0,0 +1,10 @@
+HARTMARX CORP <HMX> 2ND QTR MAY 31 NET
+  Shr 40 cts vs 11 cts
+      Net 8,265,000 vs 2,255,000
+      Sales 248.3 mln vs 245.4 mln
+      Six mths
+      Shr 94 cts vs 51 cts
+      Net 19.4 mln vs 10.6 mln
+      Sales 531 mln vs 535.8 mln
+  
+
diff --git a/reuters/test/19890 b/reuters/test/19890
new file mode 100644
index 0000000000000000000000000000000000000000..6f1a7af0c052f9c373e5f50ec32d131161120746
--- /dev/null
+++ b/reuters/test/19890
@@ -0,0 +1,17 @@
+CXR <CXRL.O>,TOROTEL <TRTL.O> TO SETTLE SUIT
+  CXR Telcom Corp and Torotel
+  Inc agreed in principle to settle pending litigation regarding
+  the sale of Torotel's former Halcyon Communications Inc unit to
+  CXR in March, 1986, the two companies said in a joint
+  statement.
+      The agreement calls for CXR to pay to Torotel 1,350,000
+  dlrs in exchange for return of a 2.5 mln dlr note and five mln
+  CXR common shares valued at 1,7754,000 mln dlrs, the companies
+  said.
+      In June, 1986 CXR filed the suit in San Francisco federal
+  court, charging that the 10.3 mln dlr price it paid for Halycon
+  was excessive, Torotel said.
+      It also said that in is suit CXR asked for seven mln dlrs
+  in damages, along with an unspecified punitive award.
+  
+
diff --git a/reuters/test/19892 b/reuters/test/19892
new file mode 100644
index 0000000000000000000000000000000000000000..e582d1f72d9f9d7386a73e2db933461876b70663
--- /dev/null
+++ b/reuters/test/19892
@@ -0,0 +1,9 @@
+CABLEVISION SYSTEMS <CVCC> BUYS STATIONS
+  Cablevision Systems Corp said it
+  bought cable television systems in six Dutchess County, N.Y.,
+  communities from Dutchess County Cablevision Associates Ltd.
+      The company said the acquisition of the new systems will
+  add to its presence in New York. It said it will add 4,400
+  subsribers to its 568,000 subscriber base.
+  
+
diff --git a/reuters/test/19895 b/reuters/test/19895
new file mode 100644
index 0000000000000000000000000000000000000000..22081047c148519ee564ebb944b58fb34fbc2499
--- /dev/null
+++ b/reuters/test/19895
@@ -0,0 +1,12 @@
+AUSTEC <AIL.S> COMPLETE PURCHASE OF PRIVATE FIRM
+  Austec International Ltd said
+  its North American unit, Austec Inc, completed the purchase of
+  privately-held Ryan-McFarland Corp for an undisclosed sum.
+      The company said the two units combined are expected to
+  have net revenues of about 25 mln dlrs in 1987.
+      Ryan-McFarlnad develops COBOL and FORTRAN language
+  compilers for the micro, mini and mainframe computer markets.
+      Austec International is based in Melbourne, Australia.
+  Ryan-McFarland is located in Rolling Hills Estates, Calif.
+  
+
diff --git a/reuters/test/19900 b/reuters/test/19900
new file mode 100644
index 0000000000000000000000000000000000000000..069eae8f0a3949103a6a6ae6924fbae23511687a
--- /dev/null
+++ b/reuters/test/19900
@@ -0,0 +1,7 @@
+TECSYN INTERNATIONAL TERMINATES TAKEOVER TALKS WITH
+INVESTOR GROUP
+
+  TECSYN INTERNATIONAL TERMINATES TAKEOVER TALKS WITH
+  INVESTOR GROUP
+  
+
diff --git a/reuters/test/19902 b/reuters/test/19902
new file mode 100644
index 0000000000000000000000000000000000000000..7c52c098bbcd06770db0dc5eae8a4c6b9cb5f711
--- /dev/null
+++ b/reuters/test/19902
@@ -0,0 +1,12 @@
+CAMPEAU SAYS IT IS NOT PART OF SEC PROCEEDING
+  <Campeau Corp> said it is not involved
+  in the Securities and Exchange Commission's administrative
+  proceeding against Allied Stores Corp, which Campeau acquired
+  at the end of last year.
+      In a statement, the company said, "The SEC action involves
+  events that occurred prior to Campeau's acquisition of Allied
+  relating to the alleged failure of Allied to make certain
+  disclosures. Consequently, Campeau is not subject to the
+  procedings."
+  
+
diff --git a/reuters/test/19903 b/reuters/test/19903
new file mode 100644
index 0000000000000000000000000000000000000000..0fd10795563297fbd3d16ae04d25b89cc951de6f
--- /dev/null
+++ b/reuters/test/19903
@@ -0,0 +1,20 @@
+HENLEY <HENG.O> HAS VENEZUELAN REFINERY PROJECT
+  Henley Group Inc's M.W. Kellogg Co
+  subsidiary said it in consortium with <Inelectra> received a
+  contract from Corpoven S.A., a Venezuelan-owned domestic oil
+  company, to revamp and expand its El Palito Refinery.
+      Kellogg said the installed cost of the work to be performed
+  is estimated to be 130 mln dlrs. Inelectra, Kellogg said, is a
+  major Venezuelan engineering firm.
+     Kellog said the project will enable the refinery to produce
+  BTX products -- benzene, toluene, and orthoxylene -- by
+  processing naphtha feed from an expanded reformer-hydrotreater.
+      Kellogg said the refinery's reformer-hydrotreater will be
+  upgraded to 9,500 barrels a day capacity from 7,500.
+      It said the new BTX process units include aromatic
+  extraction, xylene fractionation, xylene isomerization and
+  thermal hydrodealkylation.
+      Kellogg pointed out that Venezuela now imports all of its
+  BTX aromatics.
+  
+
diff --git a/reuters/test/19906 b/reuters/test/19906
new file mode 100644
index 0000000000000000000000000000000000000000..6235ab933c49afec9976bd73a76001a10fc66611
--- /dev/null
+++ b/reuters/test/19906
@@ -0,0 +1,10 @@
+FORTUNE SYSTEMS <FSYS.O> APPROVES UNIT SALE
+  Fortune Systems Corp said its
+  shareholders approved the sale of its computer hardware
+  business to SCI Technologies Inc.
+      The transaction is expected to close this week.
+      At its annual meeting, Fortune said shareholders also voted
+  to change Fortune's name to Tigera Inc. Its principal
+  subsidiary is Tigeral Corp.
+  
+
diff --git a/reuters/test/19912 b/reuters/test/19912
new file mode 100644
index 0000000000000000000000000000000000000000..e9a5f7edf8d784b8f9ea6512071f1e7d424eb868
--- /dev/null
+++ b/reuters/test/19912
@@ -0,0 +1,14 @@
+TECSYN <TSNA.TO> TERMINATES TAKEOVER TALKS
+  TecSyn International Inc
+  said it terminated takeover discussions with a U.S.-based
+  investors group after the group was unable to establish access
+  to funds to complete the proposed transactions, contrary to
+  previous assurances.
+      TecSyn previously said it and its controlling shareholders
+  accepted in principle a proposal from the group to offer nine
+  dlrs a share for 70 pct of TecSyn's outstanding shares.
+      The investor group also planned to invest 22.5 mln dlrs in
+  a private placement of four mln non-voting TecSyn common
+  shares, the company said.
+  
+
diff --git a/reuters/test/19913 b/reuters/test/19913
new file mode 100644
index 0000000000000000000000000000000000000000..8c46743869df7b5adf47aff6014b98010a97e106
--- /dev/null
+++ b/reuters/test/19913
@@ -0,0 +1,6 @@
+GOODYEAR <GT> TO SELL STAKE IN TOYOBO PETCORD
+  Goodyear said it is selling its 50
+  pct interest in Toyobo Petcord Ltd of Japan to its partner in
+  the venture, Toyobo Co.
+  
+
diff --git a/reuters/test/19915 b/reuters/test/19915
new file mode 100644
index 0000000000000000000000000000000000000000..b90ed12b2502977508a31d70bfb64faa1faf45a1
--- /dev/null
+++ b/reuters/test/19915
@@ -0,0 +1,12 @@
+WASHINGTON SCIENTIFIC <WSCI.O> 2ND QTR NET
+  Shr 16 cts vs two cts
+      Net 391,000 vs 57,000
+      Sales 7,917,000 vs 7,255,000
+      Six mths
+      Shr 47 cts vs 17 cts
+      Net 1,164,000 vs 422,000
+      Sales 27.9 mln vs 24.3 mln
+      NOTE: Full company name is Washington Scientific Industries
+  Inc. Second quarter ended June seven.
+  
+
diff --git a/reuters/test/19918 b/reuters/test/19918
new file mode 100644
index 0000000000000000000000000000000000000000..a3c04afebf5be55cd8bb3edaf6c2c265f5be8fac
--- /dev/null
+++ b/reuters/test/19918
@@ -0,0 +1,43 @@
+ISRAEL MINISTER SEES INCREASED EXPORTS TO U.S.
+  Israel's exports to the U.S. can and
+  must double over the next five years if the mideast nation's
+  goal of economic independence is to be achieved, said Gad
+  Yaacobi, Israeli minister of Economy and Communication.
+      Speaking before an American-Israel Chamber of Commerce
+  seminar, Yaacobi said that in 1986 Israeli exports to the U.S.
+  were over 2.3 billion dlrs or about one-third of Israel's total
+  exports, while imports from the U.S. were around 1.8 billion
+  dlrs or roughly one-sixth of the total.
+      "I am convinced that Israel exports to the U.S. can reach
+  five billion dlrs in the next five years, if we learn to
+  function in the American marketplace and place greater emphasis
+  on product quality," Yaacobi said.
+      While the weakening of the dollar vis-a-vis European
+  currencies is a "bottleneck to increasing exports to the U.S.,"
+  Yaacobi said he expects Israel to extend its recent trend
+  toward higher U.S. exports.
+      In the last ten years, Israeli exports to the U.S. rose
+  fivefold, from 417 mln dlrs to 2.3 billion in 1986, while
+  imports rose from 888 mln dlrs to 1.8 billion last year.
+      Yaacobi said export growth must increase ten to eleven pct
+  annually, the rate achieved until the 1973 Yom Kippur War.
+       He said that the U.S./Israel Free Trade agreement, passed
+  last year and eliminating all duties and other commercial
+  restrictions between the two nations through 1994, would
+  continue to facilitate the desired export growth.
+      Dual agreements included in the FTA allow Israel to act as
+  an economic bridge between the U.S. and Europe, enabling U.S.
+  firms to export to Europe at lower cost if a certain percentage
+  of the exported is produced in Israel, and vice-versa.
+      Yaacobi said that tensions among the nations of the middle
+  east was one of the main reasons Israel had not yet been able
+  to achieve its economic potential.
+      Since 1973 the U.S. has given Israel 25 billion dlrs in
+  aid, but most of it went to defense expenditures and financing
+  military conflicts "which were imposed on Israel," he said.
+      Short of achieving Israel's full growth potential, however,
+  Yaccobi said it would still be possible to achieve economic
+  independence by 1993 or 1994, based on the assumption that
+  exports can be doubled from 1986 levels in that time period.
+  
+
diff --git a/reuters/test/19921 b/reuters/test/19921
new file mode 100644
index 0000000000000000000000000000000000000000..0905eabef4331a923ff1758b90e5d97db0104d51
--- /dev/null
+++ b/reuters/test/19921
@@ -0,0 +1,7 @@
+GENCORP INC SAYS TO SELL GENERAL TIRE TO CONTINENTAL
+GUMMI FOR 650 MLN DLRS
+
+  GENCORP INC SAYS TO SELL GENERAL TIRE TO CONTINENTAL
+  GUMMI FOR 650 MLN DLRS
+  
+
diff --git a/reuters/test/19927 b/reuters/test/19927
new file mode 100644
index 0000000000000000000000000000000000000000..a24f24b2718267edab2a3fe07c29578e38a9276b
--- /dev/null
+++ b/reuters/test/19927
@@ -0,0 +1,16 @@
+VENEZUELA BUDGET SEES 16.35 DLRS OIL PRICE
+  Venezuela's government tomorrow presents
+  a 1988 budget proposal for 183.432 billion bolivars, based upon
+  an oil price of 16.35 dlrs per barrel, finance minister Manuel
+  Azpurua said.
+      Azpurua told reporters after a cabinet meeting the new
+  budget projects ordinary income of 149.925 billion bolivars and
+  extraordinary income of 34.186 billion. Oil revenues are
+  expected to produce 92.014 billion, or 61 pct of the total.
+      The finance minister said the oil revenue projection is
+  based on an average price of 16.35 dlrs per barrel in 1988.
+  Venezuelan oil through the first half of 1987 has averaged 16.
+  20 dlrs per barrel, according to the state oil company
+  Petroleos de Venezuela, S.A.
+  
+
diff --git a/reuters/test/19930 b/reuters/test/19930
new file mode 100644
index 0000000000000000000000000000000000000000..2eb85b33386591fc525f0a066bb120179827e953
--- /dev/null
+++ b/reuters/test/19930
@@ -0,0 +1,56 @@
+GENCORP <GY> TO SELL GENERAL TIRE
+  Gencorp Inc and Continental AG of
+  Hanover, West Germany, jointy announced they signed an
+  agreement for Continental to buy Gencorp's General Tire Inc
+  subsidiary for 650 mln dlrs in cash.
+      Under the agreement the companies said Continental will
+  acquire General Tire, including its related domestic and
+  foreign operations, and Gencorp will retain liability for the
+  medical benefits of retired General Tire employees who retired
+  on or before November 30, 1984.
+      The sale is expected to be completed on or before November
+  one and is subject to meeting certain conditions.
+      Continental is Europe's second largest tire producer. Last
+  year, the company had sales of 2.6 billion dlrs, with 1.9
+  billion dlrs generated by its tire operations.
+      Last year, General Tire had operating profits of 79 mln
+  dlrs on sales of 1.1 billion dlrs, and Gencorp had operating
+  profits of 130 mln dlrs on sales of 3.1 billion dlrs.
+      GenCorp spokesman Rip Tilden said the company will retain
+  about 100 mln dlrs in liability for its former General Tire
+  employees under the agreement.
+      Tilden said Gencorp will use the proceeds from the sale to
+  reduce its 1.5 billion dlr debt.
+      In April, GenCorp sucessfully thwarted a takeover by a
+  partnership formed by AFG Industries Inc <AFG> and Wagner and
+  Brown with a restructuring program that included the purchase
+  of up to 54 pct, or 12.5 mln shares, of its common at 130 dlrs
+  a share for a total of 1.6 billion dlrs
+      As part of the restructuring, GenCorp also said it planned
+  to sell its tire business, the bottling operations of its RKO
+  General Inc subsidiary, and RKO's remaining broadcast
+  properties to focus on the company's aerospace and automotive
+  components businesses.
+     
+      Tilden said Gencorp expects to realize about 850 mln dlrs
+  in after tax proceeds by the end of 1987 as a result of sale of
+  several pieces of the nonbroadcast assets of the company,
+  including general tire.
+      "The price paid for General tire would not cause us to
+  reevaluate that estimate," said Tilden.
+      General Tire employs 10,000 people worldwide and has four
+  tire manufacturing plants in the U.S. and one in Canada.
+      In a statemnet, A. William Reynolds, GenCorp chairman said
+  the sale of General Tire "represents a critical accomplishment
+  in our plan to restructure GenCorp."
+     
+      Reynolds also said GenCorp's previously announced sale of
+  its other businesses are "proceeding satisfactorily."
+      Among the pieces of Gencorp's empire that remain to be sold
+  are its RKO bottling operations. GenCorp agreed to sell RKO's
+  KHJ-TV station to Walt Disney Co <DIS> for
+  217 mln dlrs. That deal awaits approval by the Federal
+  Communications Commission. GenCorp also received 257 dlrs after
+  tax from the sale of RKO's WOR-TV.
+  
+
diff --git a/reuters/test/19933 b/reuters/test/19933
new file mode 100644
index 0000000000000000000000000000000000000000..d3effca78a0f407d269ca01e3a203ab7efdc9928
--- /dev/null
+++ b/reuters/test/19933
@@ -0,0 +1,8 @@
+ADVANCED INSTITUTIONAL <AIMS.O> YEAR LOSS
+  Shr loss 79 cts vs profit 30 cts
+      Net loss 2.1 mln dlrs vs profit 675,935 dlrs
+      Revs 5.5 mln dlrs vs 9.1 mln dlrs
+      Note:the year ended March 31. The company's full name is   
+   Advanced Institutional Management Software Inc
+  
+
diff --git a/reuters/test/19935 b/reuters/test/19935
new file mode 100644
index 0000000000000000000000000000000000000000..623a76df07343312828335239c30057520c620f9
--- /dev/null
+++ b/reuters/test/19935
@@ -0,0 +1,10 @@
+KELLWOOD <KWD> BUYING THREE COMPANIES
+  Kellwood Co said it signed a
+  definitive agreement to acquire Robert Scott Ltd Inc, David
+  Brooks Ltd Inc and Andrew Harvey Ltd of Dedham, Mass.
+      Terms were not disclosed.
+      Combined sales of the three companies in 1986 were over 50
+  mln dlrs, it said. The deals are expected to be completed by
+  July 31, Kellwood said.
+  
+
diff --git a/reuters/test/19939 b/reuters/test/19939
new file mode 100644
index 0000000000000000000000000000000000000000..05d923ddae87d4e736caf709888ac3ad4848031f
--- /dev/null
+++ b/reuters/test/19939
@@ -0,0 +1,7 @@
+A.H. ROBINS SAYS RORER GROUP MERGER PROPOSAL MERITS
+FURTHER CONSIDERATION
+
+  A.H. ROBINS SAYS RORER GROUP MERGER PROPOSAL MERITS
+  FURTHER CONSIDERATION
+  
+
diff --git a/reuters/test/19943 b/reuters/test/19943
new file mode 100644
index 0000000000000000000000000000000000000000..0e4203702d7fb8de46b425e62e4e396101c105d3
--- /dev/null
+++ b/reuters/test/19943
@@ -0,0 +1,14 @@
+DIGITAL COMMUNICATIONS <DCAI.O> BUYS FOX UNIT
+  Digital Communications
+  Associates Inc said it agreed with Fox Technology Inc <FOXT.O>
+  to buy its Fox Research Inc unit for a cash payment and the
+  assumption of liabilities of around 10 mln dlrs.
+      The company said part of the agreement includes payment of
+  up to an additional 6.5 mln dlrs based on the performance of
+  the unit in the year following the closing.
+      The company said the deal is expected to be closed in
+  mid-August.
+      Fox Research develops, makes and markets local area
+  networks for personal computers.
+  
+
diff --git a/reuters/test/19946 b/reuters/test/19946
new file mode 100644
index 0000000000000000000000000000000000000000..cbade8204df94fb7a1a4e7d11f43ef3ab303a46f
--- /dev/null
+++ b/reuters/test/19946
@@ -0,0 +1,24 @@
+A.H. ROBINS <QRAH> TO CONSIDER RORER OFFER
+  A.H. Robins Co said its board
+  has concluded that the merger proposal submitted by Rorer Group
+  Inc <ROR> merits further consideration.
+      At the request of the board, Rorer has agreed to extend
+  until 1800 EDT July 2 its deadline for response from A.H.
+  Robins.
+      After Rorer announced its second bid for the company last
+  Thursday, analysts forecast that the Robins family, which holds
+  control of the company, would vigourously oppose any merger.
+      But, the analysts added, that Robins desire to emerge
+  independent from two years of bankruptcy proceedings may be
+  thwarted by some Robins' shareholders who perceive a merger as
+  a more expedient way of dealing with the company's Dalkon
+  Shield related liabilities.
+      After a failed first attempt earlier this year, Rorer's
+  latest merger plan calls for a share swap worth about 720 mln
+  dlrs.
+      Rorer would also set up two trusts to cover the estimated
+  1.75 billion dlrs in liabilities to deal with about 320,000
+  claims by women who suffered maladies from the use of the
+  Dalkon Shield interuterine device.
+  
+
diff --git a/reuters/test/19947 b/reuters/test/19947
new file mode 100644
index 0000000000000000000000000000000000000000..6ebf29edb090d9aa174c7192ecd685c736add6e9
--- /dev/null
+++ b/reuters/test/19947
@@ -0,0 +1,52 @@
+PAKISTAN UNVEILS NEW TRADE POLICY TO BOOST EXPORTS
+  Pakistani government allowed freer
+  cotton and rice export in a three-year new trade policy aimed
+  at narrowing the country's yawning trade gap.
+      Commerce and Planning Minister Mahbubul Haq said in a
+  televised speech the government had also decided to allow
+  duty-free import of cotton yarn to make the textile industry
+  more competitive, and to link bulk tea imports to the export of
+  Pakistani products.
+     
+      Cotton and rice are Pakistan's main exports, which have
+  been handled exclusively by state corporations since early
+  1970s.
+      But Haq said now the private sector would also export
+  cotton and rice along with the corporations, which meets a
+  long-standing demand of the local traders.
+      The duty-free import of cotton yarn has been allowed to
+  bring down prices and help the local ancillary industries
+  compete effectively in the world market, he said.
+     
+      Haq said the new policy, effective from the fiscal year
+  1987/88 beginning on July 1, would be for three years but
+  reviewed every year.
+      It was a departure from the previous practice of announcing
+  trade policies for a single fiscal year, and Haq said it would
+  enable the businessmen to plan their market strategies over a
+  longer period.
+      He said an export credit of 250 mln dlrs had been provided
+  for the export of engineering goods to selected third world
+  countries on soft credit terms.
+     
+      Pakistan's 1986/87 exports at 3.6 billion dlrs, 18.2 per
+  cent more than in the previous year, and imports at 5.23
+  billion dlrs compared to 5.63 billion dlrs in 1985/86.
+      He said the government policy was to rationalise and
+  streamline import controls.
+      "It has been observed that due to restrictions on imports,
+  specially on raw materials and intermediate goods, local
+  industry has been suffering for want of necessary inputs," he
+  said. "Prices have been on the increase and quality of goods
+  produced has been low. This restrictive policy also gave rise
+  to smuggling and hampering of exports."
+     
+      He said that to correct this situation, 136 items had freed
+  from import restrictions.
+      Previously, Pakistan has met its trade gap largely from
+  remittances from its nationals working abroad, mainly in the
+  Gulf. However, the remittances have begun to fall after the
+  drop in oil prices in recent years leading to the spectre of a
+  balance of payments crisis for Pakistan.
+  
+
diff --git a/reuters/test/19950 b/reuters/test/19950
new file mode 100644
index 0000000000000000000000000000000000000000..ee640020113922de5905c9096922375ea43ff90c
--- /dev/null
+++ b/reuters/test/19950
@@ -0,0 +1,35 @@
+CITICORP <CCI> SAVINGS EXTENDS CALIFORNIA REACH
+  Citicorp has extended its reach
+  into the California market with Citicorp Savings' acquisition
+  of 50 of Sears Roebuck's <S> Sears Savings Bank branches,
+  bringing its presences to 143 branches in 101 communities,
+  CitiCorp Savings said.
+      Thrift industry analysts said the move, approved by the
+  Federal Reserve board today, is a plus for Citicorp and shows
+  its serious intent to penetrate the California market.
+      The acquisition mostly extends Citicorp's reach into
+  Southern California, where 34 of the 50 branches are located.
+  Citicorp Savings was predominantly in Northern California.
+      "This marks our first major expansion in California,
+  particularly in the south," said Citicorp Savings President
+  Edward Valencia, in a statement.
+      Thrift industry sources said they do not see a major
+  near-term impact on the Southern California thrift market, but
+  do expect Citicorp to be a more aggressive competitor than
+  Sears was in that market.
+      "We do believe they will be a better competitor than
+  Sears," said James Stutz, Executive Vice President of Home
+  Federal Savings and Loan Association <HFD>, based in San Diego.
+      Banking industry sources said the move is viewed as
+  groundwork, to establish Citicorp throughout the California
+  market, well before the 1991 law change that will allow it to
+  operate as a bank in the state. They said Citicorp is likely to
+  convert the branches to banks at that time.
+      In the near-term, however, analysts said with seven billion
+  dlrs in assets, Citicorp Savings is still not a major force in
+  the thrift market, against such large California thrifts as
+  Home Federal, Great Western Financial Corp <GWF>, H F Ahmanson
+  and Co <AHM>, Golden West  Financial <GWD> and Great American
+  First Savings Bank <GTA>.
+  
+
diff --git a/reuters/test/19955 b/reuters/test/19955
new file mode 100644
index 0000000000000000000000000000000000000000..046485df5a601c66e0d424068786ad74243415a1
--- /dev/null
+++ b/reuters/test/19955
@@ -0,0 +1,21 @@
+CONTEL <CTC> UNIT SALES SEEN BY ANALYSTS
+  Contel Corp's telecommunications
+  equipment unit is the most likely candidate for sale by the
+  Atlanta-based telecommunications company, Wall Street analysts
+  said.
+      "Executone is at the top of the list," said one analyst,
+  referring to Contel's loss-riden telecommunications equipment
+  unit. "The question is, who would take it?" he added.
+      The company, forecasting a 15 pct drop in 1987 operating
+  earnings over last year, said late today that it is reviewing
+  all operations in an effort aimed at "maximizing long-term
+  stockholder value."
+      Analysts also said Contel's federal systems division, which
+  has been hit with several executive defections, may also be put
+  on the block.
+      Contel officials declined to comment on the possibility of
+  selling any operations. However, the company indicated in a
+  statement that it was closely evaluating the telecommunications
+  and federal systems units.
+  
+
diff --git a/reuters/test/19957 b/reuters/test/19957
new file mode 100644
index 0000000000000000000000000000000000000000..8b4b0dd979ef301688b6d2e4f5a1c30b69454fc9
--- /dev/null
+++ b/reuters/test/19957
@@ -0,0 +1,7 @@
+ROYAL GOLD AND SILVER CORP <RGS.TO> SIX MTHS NET
+  Shr profit two cts vs loss two cts
+      Net profit 123,000 vs loss 104,000
+      Revs 12.5 mln vs nil
+      Note: 1987 period includes 112,000 dlr extraordinary gain.
+  
+
diff --git a/reuters/test/19959 b/reuters/test/19959
new file mode 100644
index 0000000000000000000000000000000000000000..8ac3d7e9756ca8f1e6d87be610d9569f2466cb3b
--- /dev/null
+++ b/reuters/test/19959
@@ -0,0 +1,14 @@
+CDC LIFE SCIENCES <LSI.TO> STAKE SOLD
+  Canada Development Corp <CDC.TO> said it
+  agreed to sell its 25.2 pct interest in CDC Life Sciences Inc
+  to Caisse de depot et placement du Quebec, the provincial
+  pension fund manager, and Institut Merieux, a French biological
+  laboratory company, for 169.2 mln dlrs.
+      It said the caisse and Institut Merieux will each buy 2.75
+  mln common shares of the company for 30.76 dlrs a share.
+      It said following the transaction the caisse will hold
+  about 19.3 pct of CDC Life Sciences. Canada Development said
+  the purchasers do not plan to acquire the remaining
+  publicly-held shares.
+  
+
diff --git a/reuters/test/19962 b/reuters/test/19962
new file mode 100644
index 0000000000000000000000000000000000000000..0f05b7b819352b4892a6f91cab1970bc00049746
--- /dev/null
+++ b/reuters/test/19962
@@ -0,0 +1,13 @@
+CYCLOPS <CYL> HOLDERS APPROVE DIXONS MERGER
+  Dixons Group Plc said shareholders at a
+  special meeting of Cyclops Corp approved the previously
+  announced merger of Cyclops with Dixons.
+      Under the terms of the merger, Dixons said the remaining
+  public Cyclops shareholders are to receive 95 dlrs a share.
+      Dixons also said the previously announced sale of Cyclops
+  steel and nonresidential construction businesses to a former 
+  Alleghany Corp <Y> subsidiary is expected to be completed June
+  30. After the sale, Cyclops will retain its specialty retailing
+  business and change its name to Silo Inc, said Dixons.
+  
+
diff --git a/reuters/test/19963 b/reuters/test/19963
new file mode 100644
index 0000000000000000000000000000000000000000..876e065eba7b8e110d3f4e27139fd75e1573a123
--- /dev/null
+++ b/reuters/test/19963
@@ -0,0 +1,9 @@
+STE-GENEVIEVE UPS OFFER FOR SULLIVAN <SUM.TO>
+  Ste-Genevieve Resources Ltd said it
+  increased its cash takeover bid for Sullivan Mines Inc shares
+  to 7.25 dlrs a share. It did not give the original bid.
+      The offer is for a minimum five mln common shares and a
+  maximum six mln shares, the company said.
+      It gave no further details.
+  
+
diff --git a/reuters/test/19964 b/reuters/test/19964
new file mode 100644
index 0000000000000000000000000000000000000000..4b3d1669929158752d783b19818bfe0351e0f956
--- /dev/null
+++ b/reuters/test/19964
@@ -0,0 +1,32 @@
+U.S./SOVIET GRAIN MEETING UNLIKELY THIS SUMMER
+  Prospects appear slim for a summer
+  meeting between U.S. and Soviet officials before the two
+  countries enter the final year of their bilateral grains
+  agreement, Agriculture Department officials said.
+      The two sides usually try to meet as each new year of the
+  agreeement approaches although the last meeting was delayed up
+  to last February. However, any delay this year should not
+  endanger the fifth year of the grains agreement that extends
+  through September, 1988, USDA officials said.
+      "It will be difficult to pull together the people for the
+  meeting during July," an aide to USDA undersecretary Daniel
+  Amstutz said.
+      Since the last meeting was only around four months ago, the
+  next talks could still be a "couple more months," he said.
+     
+      There has been grain industry speculation that the USDA
+  will offer Moscow another wheat subsidy during the next
+  marketing year. But USDA officials said even if consultations
+  were held soon a subsidy offer would probably not be made.
+      "I doubt that there would be any subsidy offer this summer
+  or before the next agreement year begins," a USDA source said.
+      Citing limited subsidy funds and uncertainties about next
+  year's crops, he said, "There are too many variables now. It
+  would be uncharacteristic of us to make an offer now."
+      Under the nonbinding pact, Moscow has agreed to purchase a
+  minimum of nine mln tonnes of U.S. grain per year. Soviet and
+  U.S. officials normally meet in the summer before the start of
+  a new agreement year to discuss grain quality, shipping
+  logistics and production outlooks.
+  
+
diff --git a/reuters/test/19965 b/reuters/test/19965
new file mode 100644
index 0000000000000000000000000000000000000000..dc93c794c27b774a6359effac7f10d4ef956a8c2
--- /dev/null
+++ b/reuters/test/19965
@@ -0,0 +1,7 @@
+GE CREDIT SAYS IT WILL BUY KRAFT INC'S D AND K FINANCIAL
+CORP
+
+  GE CREDIT SAYS IT WILL BUY KRAFT INC'S D AND K FINANCIAL
+  CORP
+  
+
diff --git a/reuters/test/19966 b/reuters/test/19966
new file mode 100644
index 0000000000000000000000000000000000000000..229fe8f8e4d4d0464bb50dc9e1a22c58478bba7c
--- /dev/null
+++ b/reuters/test/19966
@@ -0,0 +1,7 @@
+WALL AND REDEKOP CORP <WRK.TO> THREE MTHS NET
+  Shr five cts vs one ct
+      Net 299,869 vs 54,775
+      Revs 5.7 mln vs 5.2 mln
+      Note: period ended April 30.
+  
+
diff --git a/reuters/test/19968 b/reuters/test/19968
new file mode 100644
index 0000000000000000000000000000000000000000..318ae822177ecacd9cde5fc4ceb688c33f58e4cd
--- /dev/null
+++ b/reuters/test/19968
@@ -0,0 +1,43 @@
+JUSTICE OPPOSES QUICK GREYHOUND-TRAILWAYS MERGER
+  The Justice Department said it asked
+  the government to proceed cautiously on a plan allowing the
+  nation's two largest intercity bus companies to merge their
+  operations, a move one of the firms said may derail the deal.
+      Justice's opposition to quick federal approval of a bid by
+  Greyhound Lines Inc to take immediate control Trailways Corp
+  prompted Greyhound to threaten -- in a brief filed with the
+  Interstate Commerce Commission (ICC) -- to drop the merger
+  plan.
+      Greyhound officials told Reuters late today the company
+  hoped for ICC action on the merger by tomorrow.
+      "Greyhound Lines will go forward with the transaction only
+  if it is permitted to assume immediate, unconditional control
+  of Trailways' operations and to integrate them with its
+  operations," Greyhound said in a filing with the ICC, the
+  federal regulatory agency which has the final say over mergers
+  of interstate bus companies.
+      But Justice had said in an earlier filing with the ICC that
+  it wanted the agency to move slowly on the plan and to turn
+  down Greyhound's request to begin operating Trailways
+  immediately.
+      "The department has just begun to receive relevant
+  information on Trailways' financial condition and is in the
+  process of assessing the correctness of the company's
+  allegations," acting Assistant Attorney General Charles Rule
+  said in comments submitted to the ICC.
+      Greyhound announced June 19 that it wanted the ICC to let
+  it begin operating Trailways immediately while continuing to
+  evaluate the merger for possible antitrust problems.
+      Greyhound said it would pay 80 mln dlrs for many of
+  Trailways' terminals, buses and garages.
+      The two companies said in papers filed with the ICC that
+  Trailways "could collapse in a matter of days."
+      They said Trailways owed suppliers more than six mln dlrs,
+  with another six mln dlrs due June 30.
+      The suppliers, they said, could force Trailways into
+  bankruptcy "at any time."
+      Trailways also owes a consortium of banks 76 mln dlrs, and
+  the consortium has threatened to call the loan if Trailways
+  fails to pay the interest due June 30, they said.
+  
+
diff --git a/reuters/test/19975 b/reuters/test/19975
new file mode 100644
index 0000000000000000000000000000000000000000..8ef402c283f574f82ff785f7c9cd304719828592
--- /dev/null
+++ b/reuters/test/19975
@@ -0,0 +1,9 @@
+ALLIED-SIGNAL <ALD> SELLS TO SCHLUMBERGER <SLB>
+  Allied-Signal Inc and
+  Schlumberger Ltd jointly announced that Schlumberger had
+  acquired Allied-Signal's Neptune International unit. Terms
+  weren't disclosed.
+     Atlanta, Ga.-based Neptune, which makes water meters and
+  flow measurement equipment, had sales last year of 80 mln dlrs.
+  
+
diff --git a/reuters/test/19978 b/reuters/test/19978
new file mode 100644
index 0000000000000000000000000000000000000000..c8d68edc4ca8e66e5da473d3a6dcc324b509888c
--- /dev/null
+++ b/reuters/test/19978
@@ -0,0 +1,10 @@
+LENNAR CORP <LEN> 2ND QTR MAY 31
+  Shr 64 cts vs 40 cts
+      Net 5,597,000 vs 3,426,000
+      Revs 83.5 mln vs 47.4 mln
+      Six mths
+      Shr 1.15 dlrs vs 60 cts
+      Net 10 mln vs 5,201,000
+      Revs 147.6 mln vs 91.5 mln
+  
+
diff --git a/reuters/test/19981 b/reuters/test/19981
new file mode 100644
index 0000000000000000000000000000000000000000..e1e91ad1dfe8ebe1d74e98697ac7f781e4d69d54
--- /dev/null
+++ b/reuters/test/19981
@@ -0,0 +1,13 @@
+DIGITAL <DCAI.O> TO ACQUIRE FOX <FOXT.O> UNIT
+  Digital Communications
+  Associates Inc <DCAI.O> said it has entered into an agreement
+  to acquire substantially all the assets of Fox Technology Inc's
+  Fox Research Inc subsidiary.
+      The company said it will assume about 10 mln dlrs of Fox
+  liabilities with a provision for a further 6.5 mln dlrs based
+  on the future financial performance of Fox during the one year
+  period following the closing of the deal.
+      It said the acquisition is subject to approval by Fox
+  shareholders and is expected to close in mid August.
+  
+
diff --git a/reuters/test/19982 b/reuters/test/19982
new file mode 100644
index 0000000000000000000000000000000000000000..faff0397e0caf625052d3690a3602850a4a61cdf
--- /dev/null
+++ b/reuters/test/19982
@@ -0,0 +1,22 @@
+STATE TO CONTROL 70 PCT OF PAKISTAN TEA IMPORTS
+  Pakistan announced a new tea import
+  policy, saying 70 pct of imports will in future be made through
+  the state Trading Corporation of Pakistan (TCP).
+     Commerce Minister Mahbubul Haq said in a television
+  broadcast that no more than one-third of the remaining 30 pct
+  allocated to the private sector would be permitted to come from
+  any one country.
+     The new policy was announced some three months after the
+  government suspended import licences and ordered an inquiry
+  into tea purchase policy.
+     Traders said the move was designed to put pressure on Kenya,
+  which provided some 48 pct of Pakistan's 75-80 mln kilo annual
+  tea imports, to buy Pakistani manufactured goods in exchange.
+      Liptons and Brooke Bond, two units of Britain's Unilever
+  Plc, control 95 pct of Pakistan's hard-pack tea market, traders
+  said.
+     Haq, who is also Planning Minister, was outlining a new
+  three-year trade policy from the start of financial 1987/88 on
+  July 1.
+  
+
diff --git a/reuters/test/19983 b/reuters/test/19983
new file mode 100644
index 0000000000000000000000000000000000000000..92d5e8b653c27c50284a389a99ba04b41e742b93
--- /dev/null
+++ b/reuters/test/19983
@@ -0,0 +1,13 @@
+GENERAL ELECTRIC <GE> TO BUY KRAFT <KRA> UNIT
+  General Electric Co's GE Credit
+  Corp said it agreed to buy all of the capital stock of Kraft
+  Inc's wholly owned subsidiary D and K Financial Corp.
+      Terms of the acquisition were not disclosed.
+      D and K, with assets of more than one billion dlrs, is one
+  of the leading U.S. companies involved in the leasing of fleets
+  of cars, according to GE Credit.
+      Jim Ahtes, a spokesman for GE Credit's outside public
+  relations firm, Manning, Selvage and Lee Inc, emphasized that
+  the terms of the acquisition had not yet been approved.
+  
+
diff --git a/reuters/test/19984 b/reuters/test/19984
new file mode 100644
index 0000000000000000000000000000000000000000..0e48b5ce65a2f8cf17c6455479324e55daa9ebd2
--- /dev/null
+++ b/reuters/test/19984
@@ -0,0 +1,12 @@
+IEP LIFTS ULTRAMAR AND OGELBAY NORTON STAKES
+  <Industrial Equity (Pacific) Ltd>,
+  (IEP) the Hong Kong-listed unit of Brierley Investments Ltd
+  <BRYA.WE>, said it has lifted its stakes in British oil company
+  Ultramar Plc <UMAR.L> and U.S. Firm <Ogelbay Norton Co>.
+      IEP told the Stock Exchange it now holds 36.03 mln Ultramar
+  shares representing 13.07 pct of the issued capital. It holds
+  388,600 shares in Ogelbay representing 11.68 pct of the
+  Delaware-based company.
+      No other details were available.
+  
+
diff --git a/reuters/test/19985 b/reuters/test/19985
new file mode 100644
index 0000000000000000000000000000000000000000..a899aca80204621bd5f8f7955c3f283b86296b34
--- /dev/null
+++ b/reuters/test/19985
@@ -0,0 +1,7 @@
+Japan May unemployment record 3.2 pct (3.0 pct in April)
+- official
+
+  Japan May unemployment record 3.2 pct (3.0 pct in April)
+  - official
+  
+
diff --git a/reuters/test/19986 b/reuters/test/19986
new file mode 100644
index 0000000000000000000000000000000000000000..81f397bbef946c1c1af39b9f887084c537dbaae6
--- /dev/null
+++ b/reuters/test/19986
@@ -0,0 +1,25 @@
+JAPAN UNEMPLOYMENT RISES TO RECORD 3.2 PCT IN MAY
+  Japan's seasonally adjusted unemployment
+  rate rose to a record 3.2 pct in May, the worst level since the
+  government started compiling unemployment statistics in 1953,
+  the government's Management and Coodination Agency said.
+      The May rate surpassed the previous record of 3.0 pct
+  marked set in January and April this year. It was also up
+  sharply from 2.7 pct a year earlier.
+      Unadjusted May unemployment totalled 1.91 mln people, up
+  from 1.90 mln in April and 1.62 mln a year earlier.
+      An agency official blamed industrial restructuring and the
+  strong yen for the rise in unemployment.
+      The seasonally adjusted male unemployment rate in May rose
+  to a record 3.2 pct, surpassing the previous record 3.0 pct set
+  in July 1986. This compares with 2.9 pct in April and 2.7 pct a
+  year earlie. Unadjusted male unemployment totalled 1.12 mln, up
+  180,000 from a year earlier.
+      The female unemployment rate in May was unchanged from
+  April at a record 3.1 pct. A year ago, the rate was 2.8 pct.
+  Unadjusted female unemployment rose 100,000 to 790,000.
+      The yen's appreciation continued to affect employment in
+  manufacturing industries and the total employed in May fell
+  210,000 or 1.5 pct from a year earlier to 14.10 mln.
+  
+
diff --git a/reuters/test/19989 b/reuters/test/19989
new file mode 100644
index 0000000000000000000000000000000000000000..08a7930ec520e6bad4bd146d9024f7effd553d1e
--- /dev/null
+++ b/reuters/test/19989
@@ -0,0 +1,20 @@
+MIYAZAWA SAYS G-7 STILL SUPPORTS LOUVRE ACCORD
+  Japanese Finance Minister Kiichi Miyazawa
+  said the Group of Seven (G-7) nations still support the Louvre
+  Accord to stabilise currencies.
+      He also told a news conference following a cabinet meeting
+  that the Group of Five (G-5) and G-7 do not have any plans to
+  meet for talks.
+      The Finance Minister further said that overseas stock
+  market plunges will not lead to a freefall in the Tokyo stock
+  market. "There is no special worry about the stock market in
+  Tokyo," he added.
+      Miyazawa said the Tokyo stock market should not be gravely
+  affected by the downturns of markets in New York and London
+  because there is a clear sign of an economic recovery in Japan
+  and stability of exchange rates.
+      Asked if the U.S. Had contacted Japan after the stock
+  market plunge in New York, Miyazawa said there was not any
+  contact.
+  
+
diff --git a/reuters/test/19991 b/reuters/test/19991
new file mode 100644
index 0000000000000000000000000000000000000000..9dd896e3c70d615bade08e5175995ecfa2802081
--- /dev/null
+++ b/reuters/test/19991
@@ -0,0 +1,5 @@
+Miyazawa says Baker's remarks were aimed at just reaffirming Louvre agreement
+
+  Miyazawa says Baker's remarks were aimed at just reaffirming Louvre agreement
+  
+
diff --git a/reuters/test/19993 b/reuters/test/19993
new file mode 100644
index 0000000000000000000000000000000000000000..6673fd3353f953bd48eb2fcf0c256b4bb427c541
--- /dev/null
+++ b/reuters/test/19993
@@ -0,0 +1,11 @@
+BAKER REMARKS AIMED AT CONFIRMING ACCORD-MIYAZAWA
+  Japan's Finance Minister Kiichi Miyazawa
+  said that remarks by U.S. Treasury Secretary James Baker on
+  Sunday that some nations were not abiding by the spirit of the
+  Louvre Accord were just aimed at reaffirming that agreement.
+      The agreement, to cooperate in stabilising currencies, was
+  reached in Paris in February this year.
+      The finance minister made the remark at a news conference
+  which followed a morning cabinet meeting.
+  
+
diff --git a/reuters/test/19996 b/reuters/test/19996
new file mode 100644
index 0000000000000000000000000000000000000000..4f4585ffbae0eda968889cd4428050f7a55f3c4f
--- /dev/null
+++ b/reuters/test/19996
@@ -0,0 +1,12 @@
+JAPAN UNDERSTANDS U.S. ATTACK ON IRAN OIL PLATFORM
+  Japan said it understood why the U.S.
+  Attacked an Iranian oil platform on Monday.
+      "Japan, deeply concerned over the increasing threat to the
+  ships navigating in the Gulf, understands the circumstances
+  that have led the United States government to take these
+  measures," the Foreign Ministry said in a statement.
+      The statement added that the threat to free and safe
+  navigation had increased after the missile attack on a
+  U.S.-flagged tanker in Kuwaiti territorial waters last Friday.
+  
+
diff --git a/reuters/test/19998 b/reuters/test/19998
new file mode 100644
index 0000000000000000000000000000000000000000..d4cf9d8fc8f8a9d44f77b8b5f17870a720120249
--- /dev/null
+++ b/reuters/test/19998
@@ -0,0 +1,21 @@
+VENEZUELA SEES FLAT OIL PRICE DESPITE U.S. ATTACK
+  World oil prices would remain stable
+  despite the U.S. Attack against Iranian oil platforms and
+  growing tension in the Gulf, Venezuelan Energy Minister Arturo
+  Hernandez Grisanti said on Monday.
+      He described the situation as "extremely tense," but said
+  Gulf military activity would not significantly affect prices
+  because supply and demand were roughly equal.
+      Demand for OPEC crude in the final quarter of 1987 was 18.5
+  mln barrels per day (bpd) and the group's members were now
+  pumping above 18 mln bpd, he told a news conference.
+      Hernandez Grisanti said the supply/demand balance was
+  precarious and prices were in danger of falling from their
+  current average of about 18 dlrs per barrel if overproduction
+  continued.
+      Three or four members of the 13-nation Organisation of
+  Petroleum Exporting Countries were "overproducing in an
+  exaggerated manner" above their assigned quotas, he said.
+      OPEC's overall ceiling is 16.6 mln bpd.
+  
+
diff --git a/reuters/test/20001 b/reuters/test/20001
new file mode 100644
index 0000000000000000000000000000000000000000..aa1b61bf332df5752904a6aeb0fa8abab842ee8c
--- /dev/null
+++ b/reuters/test/20001
@@ -0,0 +1,46 @@
+IF DOLLAR FOLLOWS WALL STREET JAPANESE WILL DIVEST
+  If the dollar goes the way of Wall Street,
+  Japanese will finally move out of dollar investments in a
+  serious way, Japan investment managers say.
+      The Japanese, the dominant foreign investors in U.S. Dollar
+  securities, have already sold U.S. Equities.
+      But "if the dollar falls steeply, which did not happen
+  yesterday, Japanese investors will definitely try to withdraw
+  significant funds from U.S. Shares," said Akira Kawakami, deputy
+  manager of Nomura Investment Trust and Management Co Ltd's
+  international investment department.
+      An unstable, lower dollar would also affect Japanese
+  investment in U.S. Bonds. "Japan-U.S. Interest rate
+  differentials, which currently look wide enough, mean nothing
+  in the absence of dollar stability," said Kawakami.
+      U.S. Bonds could benefit due to a gloomy economic picture
+  following the estimated huge losses in stocks by major U.S.
+  Institutional and individual investors, he said. The effect
+  should be to rule out any U.S. Interest rate rise.
+      But most Japanese investors in U.S. Bonds are still wiating
+  to see if the dollar really is stable, he said. The dollar was
+  holding firm at above 142 yen on Tuesday morning.
+      "Although Japanese investors sold huge amounts of stocks in
+  New York yesterday, most are still looking for chances to
+  lighten their U.S. Stock inventories," Hiromitsu Sunada, manager
+  of Meiji Mutual Life Insurance Co's international investment
+  department said.
+      Their sales helped send Wall Street stocks down 508 points
+  to 1,738, the market's biggest percentage drop since 1914.
+      "Investment in U.S. Stocks and bonds is difficult,
+  considering the dangers," said Katsuhiko Okiyama, deputy general
+  manager and chief adviser of Yamaichi Securities Co Ltd's fixed
+  income securities marketing group.
+      Japanese investment at home could start to pick up once
+  markets have stopped reacting to Wall Street, the managers
+  said. The Tokyo yen bond market is likely to stabilise in one
+  or two weeks, which is what investors have been waiting for.
+  The bottom for yen bonds should be around a 6.3 pct yield for
+  the 5.1 pct 89th bond, they said.
+      "The basic background which has supported the stocks and
+  bonds markets has not changed," said Norio Okutsu, assistant
+  general manager of Nikko Securities' bond department. "But new
+  outflows of funds to the U.S. Will be decreasing."  However,
+  this was already evident three months ago, he said.
+  
+
diff --git a/reuters/test/20005 b/reuters/test/20005
new file mode 100644
index 0000000000000000000000000000000000000000..67e3d8e7c66189d2d9f64dc78ccd37edea8f49bd
--- /dev/null
+++ b/reuters/test/20005
@@ -0,0 +1,63 @@
+ASIAN COCOA PRODUCERS EXPAND DESPITE CRITICS
+  Asian cocoa producers are expanding
+  output despite depressed world prices and they dismiss
+  suggestions in the London market that their cocoa is inferior.
+      "Leading cocoa producers are trying to protect their market
+  from our product," said a spokesman for Indonesia's directorate
+  general of plantations. "We're happy about our long-term future."
+      Malaysian growers said they would try to expand sales in
+  Asia and the United States if Malaysian cocoa was not suitable
+  for European tastes.
+      They were responding to comments by London traders that
+  large tonnages of unwanted cocoa beans from Malaysia, Indonesia
+  and Papua New Guinea (PNG) were helping to depress cocoa
+  prices.
+      London traders said the Asian cocoa was considered
+  unsuitable for western palates because of an acrid odour and a
+  high level of free fatty acids.
+      Ng Siew Kee, the chairman of Malaysia's Cocoa Growers'
+  Council, said Malaysia should expand its sales to Asia and the
+  United States if it did not produce a type suitable for Western
+  Europe.
+      A spokesman for the PNG Cocoa Industry Board said the
+  London market was mistaken if it linked PNG cocoa with
+  high-acid Malaysian and Indonesian beans.
+      "When the market is declining, buyers seize on anything to
+  talk down prices," the spokesman said.
+      He said that PNG could sell whatever cocoa it produces.
+      PNG exported 33,000 tonnes of cocoa in the 1986/87 cocoa
+  year ending September 30, of which nearly 50 pct was exported
+  to West Germany, 16 pct to the U.S. And the rest to the
+  Netherlands and Britain.
+      The Indonesia spokesman, an Agriculture Ministry official
+  who wished not to be identified, said Indonesia had no problem
+  with quality and would continue to expand sales. He described
+  criticism of the quality of Indonesian beans as "trade politics"
+  and said Jakarta's traditional links with Dutch buyers meant it
+  did not have any difficulty with exports.
+      Indonesia and Malaysia, Asia's two biggest commodity
+  producers, are expanding cocoa output and are both outside the
+  International Cocoa Organization (ICCO).
+      Officials have said Malaysian production is expected to
+  total 150,000 to 155,000 tonnes in calendar 1987.
+      This is up from 131,000 tonnes in 1986, partly because of
+  the end of a three-year drought in Sabah, the country's largest
+  cocoa growing area.
+      Production of Indonesian cocoa beans tripled to 31,600
+  tonnes in calendar 1986 from 10,284 tonnes in 1980. Output is
+  projected to rise to 50,000 tonnes in 1988 from 38,000 tonnes
+  this year as young trees mature.
+      Both Malaysia and Indonesia are low cost producers and
+  traders said they could last out low prices longer than West
+  African countries.
+      According to one Kuala Lumpur trader, world prices would
+  have to fall another 1,000 ringgit per tonne (about 250 stg) to
+  make cocoa production in Malaysia uneconomic.
+      Some traders believe the main quality problem is with
+  harvesting and fermentation techniques.
+      One trader said Malaysian cocoa is virtually
+  indistinguishable from West African output if treated in the
+  same way but this is not possible on the larger Malaysian
+  estates.
+  
+
diff --git a/reuters/test/20008 b/reuters/test/20008
new file mode 100644
index 0000000000000000000000000000000000000000..1d4dc198b710fbf2f1f8962c9e1a04297afa21e6
--- /dev/null
+++ b/reuters/test/20008
@@ -0,0 +1,14 @@
+MALAYSIA ADVISED TO RAISE CRUDE OIL OUTPUT IN 1988
+  Malaysia's national oil company,
+  Petronas, has advised the government to raise crude oil output
+  to 540,000 barrels a day (bpd) in 1988 from a current 500,000
+  bpd, a senior company official said.
+      "We have the capacity to produce the amount," Rastam Hadi,
+  Petronas's Vice-President for Upstream Sector said.
+      The government will announce its decision on Friday when it
+  unveils the country's budget. Malaysia raised output this month
+  to current levels from 420,000 bpd after reviewing the world
+  oil market. In May, Malaysia cut output to 420,000 bpd from
+  459,000 in response to a call by OPEC to boost prices.
+  
+
diff --git a/reuters/test/20009 b/reuters/test/20009
new file mode 100644
index 0000000000000000000000000000000000000000..02154152743d350876be564bce9cbaf975201916
--- /dev/null
+++ b/reuters/test/20009
@@ -0,0 +1,5 @@
+Sumita welcomes U.S.-West German joint confirmation of Louvre accord
+
+  Sumita welcomes U.S.-West German joint confirmation of Louvre accord
+  
+
diff --git a/reuters/test/20012 b/reuters/test/20012
new file mode 100644
index 0000000000000000000000000000000000000000..43434d9f9930ca29cad32c46a1a264268fb4f814
--- /dev/null
+++ b/reuters/test/20012
@@ -0,0 +1,14 @@
+SUMITA WELCOMES U.S.-JAPAN AGREEMENT ON LOUVRE
+  Bank of Japan governor Satoshi Sumita said
+  he welcomed Monday's U.S. And West German joint confirmation of
+  their commitment to the Louvre accord.
+      Sumita said in a statement that world stockmarkets were
+  excessively concerned about the economic future.
+      The Bank of Japan will continue to adhere to a system of
+  policy coordination based upon the Louvre accord of February,
+  he said. The accord called for stability in foreign exchange
+  rates. Exchange rates generally are regaining stability and the
+  economies of industrialised nations are heading for a steady
+  recovery, he said.
+  
+
diff --git a/reuters/test/20013 b/reuters/test/20013
new file mode 100644
index 0000000000000000000000000000000000000000..21823f81d47b42aaa48ff7b1c1c77f4d2f73ed3c
--- /dev/null
+++ b/reuters/test/20013
@@ -0,0 +1,22 @@
+NEW ZEALAND WILL CONTINUE FIRM MONETARY POLICY
+  The Reserve Bank of New Zealand said
+  there was no evidence to suggest the fall in share prices had
+  affected financial stability and it would maintain its firm
+  monetary policy.
+      Governor Spencer Russell said in a statement the central
+  bank did not accept arguments that the battle against inflation
+  should now take a low second priority after the sharemarket's
+  plunge.
+      Russell said the bank had two statutory responsibilities --
+  to implement the government's monetary policy to bring down
+  inflation, and to ensure the financial sector's stability.
+      "Unless the bank is directed otherwise, the firm monetary
+  policy will continue because it is very much in the national
+  interest that it do so," he said.
+      "And there is yet no evidence available to the bank to
+  suggest that the fall in share prices has affected the
+  stability of the financial sector."
+      The Barclays share index fell a record 504.75 points to
+  2,925,26 on Tuesday, a decline of 14.7 pct.
+  
+
diff --git a/reuters/test/20016 b/reuters/test/20016
new file mode 100644
index 0000000000000000000000000000000000000000..19fdc5482e2b19d52a57d19a79c7916947114b31
--- /dev/null
+++ b/reuters/test/20016
@@ -0,0 +1,5 @@
+Japan September M-2 plus CD money supply rises 11.1 pct year on year (Aug 11.0)
+
+  Japan September M-2 plus CD money supply rises 11.1 pct year on year (Aug 11.0)
+  
+
diff --git a/reuters/test/20018 b/reuters/test/20018
new file mode 100644
index 0000000000000000000000000000000000000000..d5f8b66a2c6454606b65e2a4dc77947a35d39e37
--- /dev/null
+++ b/reuters/test/20018
@@ -0,0 +1,11 @@
+TANZANIA SELLS MAIZE TO MALAWI, MOZAMBIQUE, ZAIRE
+  Tanzania has arranged to sell
+  53,000 tonnes of maize to Malawi, Mozambique and Zaire, radio
+  Tanzania said.
+      The radio said the grain would be delivered soon, but gave
+  no details about the value of the sales.
+      Tanzania is expecting a record maize harvest of 2.3 mln
+  tonnes in the 1987/88 financial year ending June, up from a
+  bumper crop of 2.1 mln in 1986/87.
+  
+
diff --git a/reuters/test/20019 b/reuters/test/20019
new file mode 100644
index 0000000000000000000000000000000000000000..acd1df0f42bcc9b2af9d399c1c3dd84edd4ee07f
--- /dev/null
+++ b/reuters/test/20019
@@ -0,0 +1,14 @@
+TANZANIAN COTTON THREATENED BY LACK OF STORAGE
+  About 60,000 tonnes of harvested
+  raw cotton may be spoiled by rain in Tanzania's northern
+  Shinyanga region because it is stored in the open or in crude
+  village sheds, radio Tanzania reported.
+      The cotton, worth one billion shillings, cannot be moved to
+  ginneries in the region because most mill warehouses are full.
+  Many mills are not working because of a lack of spare parts, it
+  added.
+      Agriculture Ministry officials have forecast a 1987/88
+  cotton harvest of about 200,000 tonnes, down from 215,000 in
+  1986/87.
+  
+
diff --git a/reuters/test/20021 b/reuters/test/20021
new file mode 100644
index 0000000000000000000000000000000000000000..001364246caf5c59c908a877d9119bceaa7efe6b
--- /dev/null
+++ b/reuters/test/20021
@@ -0,0 +1,25 @@
+AQUINO SAYS MANILA WATCHING INTEREST RATES CLOSELY
+  President Corazon Aquino said the
+  Philippines was closely monitoring interest rates in the wake
+  of Monday's record drop on Wall Street and steep declines in
+  Manila and other Asian stock markets.
+      "We will monitor these developments closely and will
+  continue to hope that they do not precipitate large declines in
+  economic activity around the world," Aquino told a meeting of 13
+  major Philippine business groups.
+      "The Philippines, as a trading country in the world economy,
+  depends on the continued health and growth of both the world
+  economy and the world trading system," she said.
+      The Manila Stock Exchange composite index plunged 105.49
+  points or 11.79 pct by the midday close to 789.54, depressed by
+  the record 508 point fall of the Dow Jones industrial average
+  on Monday.
+      "The Philippines, in addition, as a large borrower nation,
+  is affected by developments in interest rate levels around the
+  world and will carefully monitor the impact of these
+  developments on interest rates, on gold and on commodity
+  prices," Aquino said.
+      "We welcome the statements from world leaders that urge calm
+  in the present difficult situation," she added.
+  
+
diff --git a/reuters/test/20025 b/reuters/test/20025
new file mode 100644
index 0000000000000000000000000000000000000000..cd3e58c5de9061908e998880da8b0ce71ef90871
--- /dev/null
+++ b/reuters/test/20025
@@ -0,0 +1,14 @@
+JAPAN MONEY GROWTH TO STAY AT 11-12 PCT - OFFICIAL
+  Growth in Japan's M-2 plus certificates of
+  deposit (CD) money supply in the October to December period is
+  not expected to accelerate, but will remain at high levels
+  between 11 and 12 pct, a senior Bank of Japan official said.
+      The central bank will keep a watch on high growth in
+  liquidity because this is a factor that may cause rises in
+  prices of goods, he said.
+      The September growth of 11.1 pct year on year announced
+  earlier today should not be taken as implying that the money
+  supply has started to expand very rapidly, he said. In August
+  the rate of increase was 11.0 pct.
+  
+
diff --git a/reuters/test/20030 b/reuters/test/20030
new file mode 100644
index 0000000000000000000000000000000000000000..4ab61c0b010efed3d469b20a9d6e3d5f20786d92
--- /dev/null
+++ b/reuters/test/20030
@@ -0,0 +1,36 @@
+WORLD COULD COPE WITH HORMUZ CLOSURE, SUBROTO SAYS
+  Oil prices would skyrocket for a time if
+  conflict in the Gulf closed the Strait of Hormuz, but oil
+  supplies could be adjusted to take care of world demand,
+  Indonesian Energy Minister Subroto said.
+      He made no explicit reference to the latest U.S. Military
+  action in the Gulf.
+      But in an address to a conference of the Indonesian
+  Petroleum Association, he said, "If worst comes to worst and say
+  the flow of oil through the Straits of Hormuz is completely
+  shut off, I believe the world oil supply, given time to adjust,
+  can take care of the situation."
+      "But this is not to say that prices, at least for a short
+  duration, will not skyrocket as speculators take advantage of
+  the situation," he declared.
+      Tensions in the Gulf, however, usually had a relatively
+  short-term impact on prices, he added.
+      Assessing future price trends, he said, "Short-term spot
+  prices will probably still fluctuate, but they will most likely
+  hover around the official Opec price basket of 18 dlrs per
+  barrel.
+      "The upward deviations, however, are likely to be greater
+  than the downward ones."
+      "The balance between supply and demand in the short term
+  will still be delicate," he added. "Non-Opec production may still
+  go up, competing with Opec for the expected additional increase
+  in world demand."
+      Subroto, a member of Opec's three-man quota committee which
+  has been touring cartel members, said speculation may play
+  havoc with spot prices, but Opec was trying to stabilize the
+  situation by urging cooperation by non-Opec producers.
+      In the medium term, non-Opec production would reach a
+  plateau in the early 1990s, leaving Opec much stronger, he
+  said.
+  
+
diff --git a/reuters/test/20031 b/reuters/test/20031
new file mode 100644
index 0000000000000000000000000000000000000000..87806326bde0561a1869c1f576d989ead16c8713
--- /dev/null
+++ b/reuters/test/20031
@@ -0,0 +1,9 @@
+BANGLADESH TENDERS FOR TWO MLN BARRELS PETROLEUM
+  Bangladesh Petroleum Corp said it floated
+  an international tender for imports of two mln barrels of Jet
+  Kero, Superior Kero and High Speed Diesel for shipment during
+  January-June 1988.
+      It said the offer for the petroleum products would be open
+  until 0600 gmt on November 19.
+  
+
diff --git a/reuters/test/20032 b/reuters/test/20032
new file mode 100644
index 0000000000000000000000000000000000000000..ee01d5bed521f47636adb7eafa6913374ae43009
--- /dev/null
+++ b/reuters/test/20032
@@ -0,0 +1,5 @@
+ Poehl says German and international interest rate rises are cause for concern
+
+   Poehl says German and international interest rate rises are cause for concern
+  
+
diff --git a/reuters/test/20034 b/reuters/test/20034
new file mode 100644
index 0000000000000000000000000000000000000000..f310c3cce6d958e9c57caf9369b51ec46c308fb7
--- /dev/null
+++ b/reuters/test/20034
@@ -0,0 +1,11 @@
+IRANIAN TANKER REPORTS SIGHTING MINE IN GULF
+  An Iranian shuttle tanker reported
+  spotting a floating mine in the central Gulf on Tuesday about
+  50 miles west of Lavan Island, regional shipping sources said.
+      The Khark III, owned by the National Iranian Tanker Co,
+  gave the position of the mine as 27 degrees 14 minutes north,
+  52.06 east.
+      There was no indication of measures being taken against the
+  mine, which is in Iranian territorial waters.
+  
+
diff --git a/reuters/test/20035 b/reuters/test/20035
new file mode 100644
index 0000000000000000000000000000000000000000..f62063629d2f1a990f6f0b964d184ace0fa37b9c
--- /dev/null
+++ b/reuters/test/20035
@@ -0,0 +1,12 @@
+FABER OPEN FOR OFFERS ON MORGAN GRENFELL STAKE
+  Willis Faber Plc <WIFL.L> chairman and
+  chief executive David Palmer said the company would consider
+  any bid for its 20.8 pct shareholding in Morgan Grenfell Group
+  Plc <MGFL.L> but had not yet received any offers.
+      "We will entertain any approaches," he told Reuters in reply
+  to questions, following U.K. Press speculation.
+      In an earlier statement, Faber said that if an offer were
+  to be received for its stake in the merchant banking group, "it
+  would be considered on its merits."
+  
+
diff --git a/reuters/test/20037 b/reuters/test/20037
new file mode 100644
index 0000000000000000000000000000000000000000..1f7a945dfc2d5c7e9d5e18fd653a909db335d145
--- /dev/null
+++ b/reuters/test/20037
@@ -0,0 +1,14 @@
+CORBY DISTILLERIES TO EXPAND IN CANADA
+  <Corby Distilleries Ltd>, 52 pct owned by
+  Allied Lyons Plc <ALLD.L> subsidiary <Hiram Walker-Goodman &
+  Worts> is to buy the spirits business of <McGuinness Distillers
+  Ltd> of Toronto for 45 mln Canadian dlrs.
+      McGuinness is a producer and marketer of spirits and also
+  has exclusive agencies for some imported wines and spirits.
+      The sale is subject to the approval of the Bureau of
+  Competition Policy. Michael Jackaman, president and chief
+  executive officer of Hiram Walker and Allied Vintners, said,
+  "The acquisition is an excellent one both commercially and
+  financially."
+  
+
diff --git a/reuters/test/20038 b/reuters/test/20038
new file mode 100644
index 0000000000000000000000000000000000000000..e06a557f315702797b9ae1b9ee8df9c2394d5a54
--- /dev/null
+++ b/reuters/test/20038
@@ -0,0 +1,59 @@
+POEHL SAYS RATE RISES ARE CAUSE FOR CONCERN
+  Rises in West German and international
+  interest rates are a cause for concern and the Bundesbank has
+  no interest in higher capital market rates, Bundesbank
+  President Karl Otto Poehl said.
+      "We consider the interest rate increase that has occurred
+  here and internationally to be a problem and cause for concern,"
+  Poehl told an investment conference.
+      "I would like to stress that the Bundesbank has no interest
+  in higher capital market rates," he said.
+      Shortly after Poehl spoke, the Bundesbank announced a
+  tender for a securities repurchase pact at a fixed rate of 3.80
+  pct.
+      Previous tenders over the last month by interest rate have
+  seen the allocation rate on these facilities rise to 3.85 pct
+  at last week's pact from 3.60 on the last fixed-rate tender in
+  late September.
+      The Bundesbank's reduction of the key allocation rate to
+  3.80 from 3.85 pct was heralded Monday by repeated injections
+  of money market liquidity at between 3.70 and 3.80 pct.
+      These moves to cap interest rates followed a meeting
+  between Poehl, Finance Minister Gerhard Stoltenberg and U.S.
+  Treasury Secretary James Baker Monday in Frankfurt.
+      Officials said afterwards the three men had reaffirmed
+  their commitment to the Louvre accord on currency stability.
+      Over the weekend, criticism by Baker of the tightening in
+  West German monetary policy had prompted a sharp fall of the
+  dollar on speculation that Louvre cooperation had ended.
+      But the dollar rallied on news of Monday's meeting in
+  nervous trading to trade above 1.79 marks Tuesday.
+      Poehl said that the recent rise in interest rates was not
+  due to central bank policy, but to markets' expectations, and
+  currency developments.
+      Commenting on the inflationary expectations, Poehl said "You
+  have to get to the root of the problem, you have to pursue a
+  policy which reveals that there are no grounds for such fears."
+   The inflationary fears were unjustified and exaggerated, he
+  said.
+      Poehl rebuffed recent U.S. Criticism of West Germany,
+  saying the Bundesbank had made a substantial contribution to
+  international cooperation in interest and monetary policy.
+      The Bundesbank has tolerated an overshooting of its money
+  supply target, arousing criticism from other quarters, he said.
+      "Today we still have lower interest rates than at the end of
+  1986... Quite the contrary of other countries, where interest
+  rates have risen substantially more," Poehl said.
+      This had to be taken into account when considering recent
+  rises in repurchase pact allocation rates, which were due to
+  rising international money market rates that had spilled over
+  into the German market, he said.
+      Poehl expressed surprise that financial markets had so far
+  ignored improvements in the U.S. Deficits.
+      "The adjustment process in the U.S. Trade balance is
+  definitely underway," he said, noting that this was not so
+  noticeable in absolute figures.
+      The spectacular improvement in the budget deficit had also
+  attracted little attention, he said.
+  
+
diff --git a/reuters/test/20039 b/reuters/test/20039
new file mode 100644
index 0000000000000000000000000000000000000000..605178a3a8eb828c1faa5e471e521e6cedbd1f4d
--- /dev/null
+++ b/reuters/test/20039
@@ -0,0 +1,22 @@
+LAWSON SAYS BP SHARE OFFER GOING AHEAD
+  U.K. Chancellor of the Exchequer Nigel
+  Lawson said the Government was going ahead with this month's
+  flotation of British Petroleum Co Plc <BP.L> shares despite the
+  collapse on international stock markets.
+      "We are going ahead because the whole issue has been
+  underwritten - we had it underwritten because there is always a
+  risk of this sort of thing happening," Lawson said in a BBC
+  radio interview.
+      Lawson's remarks came as renewed selling on the London
+  stock market took BP shares down a further 33p to 283, well
+  below the 330p price set for the around seven billion stg
+  issue.
+      Lawson said the U.K. Economy is fundamentally sound and
+  added that stock markets had reflected that recently.
+      "I profoundly believe in the market system as the best way
+  for securing economic prosperity (but) that does not mean to
+  say the markets are infallible."
+      "My advice to small investors...Is to remain calm. There is
+  absolutely no reason not to do so," Lawson said.
+  
+
diff --git a/reuters/test/20045 b/reuters/test/20045
new file mode 100644
index 0000000000000000000000000000000000000000..d20faf71b808523a16886d0b099a44b4d1c9ed8c
--- /dev/null
+++ b/reuters/test/20045
@@ -0,0 +1,33 @@
+PHILIPPINES APPLAUDS DEFEAT OF U.S. LABELLING BILL
+  The Philippine coconut industry has
+  greeted with relief the defeat in the U.S. Senate of a bill
+  requiring some edible oils to be labelled as saturated fats.
+      The bill, which was defeated by the Senate Agriculture
+  Committee on Monday, could have cost about 60 mln dlrs a year
+  in lost exports, the Philippine Coconut Authority (PCA) said.
+      "Naturally, we welcomed the defeat but there is a chance the
+  bill will be resurrected and attached as a rider to another
+  Senate bill," a spokesman for the United Coconut Association of
+  the Philippines (UCAP).
+      PCA chairman Jose Romero noted the vote was close, with
+  eight senators voting for it, 10 against and one abstaining.
+      The UCAP spokesman said the American Soybean Association
+  (ASA) had spent about 25 mln dlrs lobbying for the bill.
+      He said the ASA also had obscured the health issue during
+  the debate.
+      "Coconut oil is high in saturated fats, but unlike saturated
+  animal fats, they do not enter the blood and lymph systems
+  leaving fatty deposits connected to heart disease," he said.
+      U.S. Soybean and cottonseed producers had argued that
+  saturated fats cause heart disease and that the labels would
+  discourage consumption by health conscious consumers in favour
+  of domestic unsaturated alternatives.
+      Opponents of the bill said the proposal discriminated
+  against imports and would damage the Philippines, Malaysia and
+  Indonesia.
+      The Philippines earned 488 mln dlrs from coconut products
+  in 1986, up from 477 mln in 1985, UCAP figures show.
+      Exports to the United States for edible and non-edible use
+  account for about half of that total, PCA's Romero said.
+  
+
diff --git a/reuters/test/20048 b/reuters/test/20048
new file mode 100644
index 0000000000000000000000000000000000000000..53a8d238c29fefd5425dd372a6561636f8dbb203
--- /dev/null
+++ b/reuters/test/20048
@@ -0,0 +1,57 @@
+TOKYO STOCK PLUNGE COULD FORCE EASIER MONEY POLICY
+  Plunging Tokyo stock prices will prevent
+  the Bank of Japan from raising its discount rate and could even
+  force it to ease monetary policy if the collapse continues,
+  government and private economists said.
+      A rise in interest rates now would only serve to spark
+  further selling of shares that could ultimately have a major
+  deflationary impact on the real economy, they said.
+      Although Bank of Japan officials have consistently
+  maintained that they had no plans to raise the 2.5 pct discount
+  rate, many in the markets have thought otherwise. 
+      Fears of a rise in the discount rate were fanned by the
+  central bank's apparent decision last week to countenance
+  higher rates on commercial bills, dealers said.
+      But today's stock market collapse -- prices fell nearly 15
+  pct -- means that the Bank of Japan would be hard pressed to
+  raise the discount rate now, despite its concerns about a
+  renewed outbreak of inflation, dealers and economists said.
+      Japanese government bond prices rose sharply today as the
+  markets concluded that the stock market's collapse precluded
+  the central bank from carrying out the widely-rumoured discount
+  rate increase.
+      A senior government economist suggested that both the U.S.
+  And Japan needed to ease monetary policy now to prevent a
+  further drop in New York and Tokyo stock prices. "They need to
+  support the stock and security markets," he said.
+      But Bank of Japan officials said they saw no need to change
+  policy for the moment, although one admitted that the central
+  bank may have to rethink its strategy if Tokyo stock prices
+  continue to plunge during the rest of the week.
+      Both government and Bank of Japan economists agreed the
+  economy is better placed now to cope with the deflationary
+  impact of plunging stock prices than it was a few months ago.
+      With the economy recovering strongly, the steep drop in
+  stock prices is not likely to put a major dent in consumer and
+  business confidence, one government economist said.
+      "There will be some impact on the real economy, but it won't
+  be that big," said another.
+      Individuals are not heavily invested in stocks on their
+  own, although they do participate through trust funds and other
+  investment vehicles. And while many manufacturing firms turned
+  to financial market investments for profits during last year's
+  economic downturn, the recent rebound has allowed them to
+  refocus their attention on their core businesses, he said.
+      Paradoxically, it is the pick-up in the economy that is
+  partly to blame for the stock market collapse as companies have
+  shifted funds away from financial investments to increase
+  inventories and step up capital spending, one government
+  economist said.
+      In deciding what response to make to the steep stock price
+  drop, the Bank of Japan must first determine whether prices
+  will continue to fall further and then decide if they pose a
+  greater economic danger than the threat of higher inflation,
+  one central bank official said. "That will at least take a
+  couple of days, if not weeks," he said.
+  
+
diff --git a/reuters/test/20052 b/reuters/test/20052
new file mode 100644
index 0000000000000000000000000000000000000000..010ddd9771feb9ecf02a0f3c12813345b2592842
--- /dev/null
+++ b/reuters/test/20052
@@ -0,0 +1,13 @@
+RICE RESEARCH INSTITUTE NAMES NEW HEAD
+  The Manila-based International Rice
+  Research Institute (IRRI) said West German agricultural
+  scientist Klaus Lampe will take over as its director-general in
+  early 1988, succeeding M.S. Swaminathan.
+      An IRRI statement said Lampe, 56, is currently senior
+  adviser to the German Agency for Technical Cooperation at
+  Eschborn and was a former head of the agriculture section of
+  the Federal Ministry for Economic Cooperation.
+      It said Swaminathan, who has headed IRRI since 1982, will
+  concentrate on environmental and agricultural issues.
+  
+
diff --git a/reuters/test/20055 b/reuters/test/20055
new file mode 100644
index 0000000000000000000000000000000000000000..baa6565b2dbf6d928514984c95bda3b1f20c62a8
--- /dev/null
+++ b/reuters/test/20055
@@ -0,0 +1,5 @@
+ Sept daily ave primary aluminium output 34,900 tonnes, up 400 tonnes, IPAI.
+
+   Sept daily ave primary aluminium output 34,900 tonnes, up 400 tonnes, IPAI.
+  
+
diff --git a/reuters/test/20058 b/reuters/test/20058
new file mode 100644
index 0000000000000000000000000000000000000000..1bc2abd44990a531cf7704ed8b3082dd6b4c3600
--- /dev/null
+++ b/reuters/test/20058
@@ -0,0 +1,9 @@
+GROUNDED BRITISH BAUXITE VESSEL REFLOATED IN ORINOCO
+  The British bulk carrier Envoy, which ran
+  aground in the Orinoco river on October 16, was refloated
+  without lightening on October 19, Lloyds Shipping Intelligence
+  service said.
+      The Envoy, 75,453 tonnes dw, was carrying a cargo of 50,000
+  tonnes of bauxite from Brazil to Cuba.
+  
+
diff --git a/reuters/test/20062 b/reuters/test/20062
new file mode 100644
index 0000000000000000000000000000000000000000..07b5c5a0c29784caaf3899a59ce49d8d81d538d3
--- /dev/null
+++ b/reuters/test/20062
@@ -0,0 +1,5 @@
+U.K. SEPTEMBER M3 RISES 0.8 PCT, M0 UP 0.8 PCT - BANK OF ENGLAND.
+
+  U.K. SEPTEMBER M3 RISES 0.8 PCT, M0 UP 0.8 PCT - BANK OF ENGLAND.
+  
+
diff --git a/reuters/test/20063 b/reuters/test/20063
new file mode 100644
index 0000000000000000000000000000000000000000..be8ce44dae23367feade4a15f5079abd9816d367
--- /dev/null
+++ b/reuters/test/20063
@@ -0,0 +1,5 @@
+U.K. SEPTEMBER STERLING BANK LENDING UP 4.4 BILLION STG - OFFICIAL.
+
+  U.K. SEPTEMBER STERLING BANK LENDING UP 4.4 BILLION STG - OFFICIAL.
+  
+
diff --git a/reuters/test/20068 b/reuters/test/20068
new file mode 100644
index 0000000000000000000000000000000000000000..6d1acbfce94e6d194563fd0a51e8e94e6e55adc5
--- /dev/null
+++ b/reuters/test/20068
@@ -0,0 +1,5 @@
+ Stoltenberg says meeting with Baker underscored monetary cooperation
+
+   Stoltenberg says meeting with Baker underscored monetary cooperation
+  
+
diff --git a/reuters/test/20071 b/reuters/test/20071
new file mode 100644
index 0000000000000000000000000000000000000000..a627658a1b961227371237546df46ef3767de382
--- /dev/null
+++ b/reuters/test/20071
@@ -0,0 +1,22 @@
+STOLTENBERG SAYS BAKER MEETING UNDERSCORES ACCORD
+  West German Finance minister Gerhard
+  Stoltenberg said the meeting on Monday with U.S. Treasury
+  Secretary James Baker underscored the determination of the U.S.
+  And West Germany to continue close cooperation to stabilise
+  foreign exchange rates.
+      Stoltenberg told a news conference "The statement released
+  yesterday (Monday) after the private meeting .... Emphasized
+  our determination to continue the close economic cooperation
+  regarding foreign exchange stabilization and monetary policy."
+      Stoltenberg said that he, Baker and Bundesbank President
+  Karl Otto Poehl had a very constructive discussion and had all
+  reached a positive evaluation of the Louvre accord during their
+  meeting on Monday.
+      Stoltenberg said initial contacts with several European
+  counterparts showed that they shared this view. "We expect the
+  declaration of our unified position to have a positive effect,"
+  he said.
+      He noted that the dollar firmed again in late U.S. Trading
+  after the outcome of the Baker meeting was published.
+  
+
diff --git a/reuters/test/20079 b/reuters/test/20079
new file mode 100644
index 0000000000000000000000000000000000000000..7c9086db5c78dc07d28a53fc14fe91fcecf7373d
--- /dev/null
+++ b/reuters/test/20079
@@ -0,0 +1,21 @@
+INRO COUNCIL MEETING ADJOURNED UNTIL THURSDAY
+  A Council meeting of the
+  International Natural Rubber Organization (INRO) has been
+  adjourned until Thursday as tomorrow is a Malaysian national
+  holiday, officials of the organisation said.
+      The main issue at the talks, which opened here yesterday,
+  has been the INRO buffer stock and the manner in which the
+  buffer stock manager should continue to sell rubber after the
+  current international pact for the commodity expires on October
+  22, they said.
+      The deadline for the start of the new pact is January 1989.
+      Buffer stock manager Aldo Hofmeister has been mandated to
+  continue selling rubber during the interim period.
+      Other issues discussed include ratification of the new
+  accord, the officials said.
+      Only Malaysia of the pact's 32 producing and consuming
+  member countries had ratified the new agreement by the
+  beginning of this month.
+      The meeting is due to end on Thursday.
+  
+
diff --git a/reuters/test/20080 b/reuters/test/20080
new file mode 100644
index 0000000000000000000000000000000000000000..c8350d660e480d20ca507503d86882b1876d819c
--- /dev/null
+++ b/reuters/test/20080
@@ -0,0 +1,17 @@
+LOUVRE ACCORD VITAL TO W.GERMANY - STOLTENBERG
+  West German Finance Minister Gerhard
+  Stoltenberg said the Louvre accord was vital to West Germany.
+      Stoltenberg told a news conference "Given West Germany's
+  unusually high dependence on world trade and exports, it is
+  vital for West Germany ... To continue its constructive
+  contribution to trusting (international) cooperation on the
+  basis of the Louvre accord."
+      Some monetary analysts have speculated that
+  inflation-conscious Bundesbank vice president Helmut
+  Schlesinger may have been leading the central bank to a course
+  of tighter monetary policy.
+      Stoltenberg is due to attend a routine Bundesbank meeting
+  on Thursday in West Berlin. He declined to forecast what, if
+  any, policy decisions the Bundesbank might take.
+  
+
diff --git a/reuters/test/20081 b/reuters/test/20081
new file mode 100644
index 0000000000000000000000000000000000000000..ea0dedd7cb42c6b94119082b5c021a848cea9de7
--- /dev/null
+++ b/reuters/test/20081
@@ -0,0 +1,5 @@
+Stoltenberg does not rule out central bank intervention to stabilize currencies
+
+  Stoltenberg does not rule out central bank intervention to stabilize currencies
+  
+
diff --git a/reuters/test/20082 b/reuters/test/20082
new file mode 100644
index 0000000000000000000000000000000000000000..392349426bc73256b6f3479e606bc1dd4163dfa4
--- /dev/null
+++ b/reuters/test/20082
@@ -0,0 +1,5 @@
+Further marked dollar fall would burden U.S. Trade deficit -Stoltenberg
+
+  Further marked dollar fall would burden U.S. Trade deficit -Stoltenberg
+  
+
diff --git a/reuters/test/20083 b/reuters/test/20083
new file mode 100644
index 0000000000000000000000000000000000000000..227916d88db713515dcb26d313d7950ae6d06bec
--- /dev/null
+++ b/reuters/test/20083
@@ -0,0 +1,5 @@
+Stoltenberg declines comment on possible changed targets for currencies
+
+  Stoltenberg declines comment on possible changed targets for currencies
+  
+
diff --git a/reuters/test/20087 b/reuters/test/20087
new file mode 100644
index 0000000000000000000000000000000000000000..8fd43ac5bb90f46a0c4311267af2071ac89137db
--- /dev/null
+++ b/reuters/test/20087
@@ -0,0 +1,13 @@
+STOLTENBERG DECLINES COMMENT ON CURRENCY ZONES
+  West German Finance Minister Gerhard
+  Stoltenberg declined to comment on whether unpublished target
+  zones for currencies agreed at last February's Louvre accord
+  had been changed as a result of the meeting on Monday with U.S.
+  Treasury Secretary James Baker.
+      He was asked about target zones at a news conference in
+  Bonn. Stoltenberg referred to a statement released after
+  Monday's meeting, which said continuing cooperation was aimed
+  at promoting currency stability at current levels. This was the
+  same formula used in the text of the Louvre accord, he noted.
+  
+
diff --git a/reuters/test/20089 b/reuters/test/20089
new file mode 100644
index 0000000000000000000000000000000000000000..2cc0db0fd7580828e700fe5028356fc92732ea32
--- /dev/null
+++ b/reuters/test/20089
@@ -0,0 +1,12 @@
+STOLTENBERG DOES NOT RULE OUT INTERVENTION
+  West German Finance Minister Gerhard
+  Stoltenberg said he could not rule out the possibility of
+  central bank intervention to support currencies.
+      Asked at a news conference whether central banks were
+  prepared to intervene to defend currencies, he said "We cannot
+  rule out the use of any instrument which leads to foreign
+  currency stability."
+      However, he added that in the end, it was market forces
+  which prevailed.
+  
+
diff --git a/reuters/test/20090 b/reuters/test/20090
new file mode 100644
index 0000000000000000000000000000000000000000..1477a62b6d8d4271dd9f52dbc66297dd4b5c6a15
--- /dev/null
+++ b/reuters/test/20090
@@ -0,0 +1,14 @@
+IRAN SAYS U.S. RAID CAUSED 500 MLN DLRS DAMAGE
+  U.S. Attacks on two Iranian oil platforms
+  in the Gulf -- both of which were still blazing -- caused
+  damage estimated at 500 mln dlrs, Tehran Radio quoted Iranian
+  Oil Minister Gholamreza Aqazadeh as saying.
+      The rigs, one of which was heavily shelled by four American
+  destroyers on Monday, were still burning almost 24 hours after
+  the attack and could cause widespread pollution in the Gulf,
+  the minister told a news conference in Tehran. He said the
+  Reshadat rigs, 120 miles (200 km) east of Bahrain in
+  international waters, were in the final stages of
+  reconstruction after an attack by Iraqi jets last year.
+  
+
diff --git a/reuters/test/20092 b/reuters/test/20092
new file mode 100644
index 0000000000000000000000000000000000000000..1b08ceef79950ba9cbe14e9bf527a5ad5ec4dda6
--- /dev/null
+++ b/reuters/test/20092
@@ -0,0 +1,14 @@
+IRANIAN PREMIER REITERATES WARNING OF RETALIATION
+  Iranian Premier Mir-Hossein Mousavi
+  reiterated his country would retaliate for U.S. Navy attacks on
+  Gulf oil platforms.
+      "The U.S. Attack on Iran's oil platforms jeopardises our
+  national sovereignty ... And we will retaliate properly for
+  this perfidious American aggression," Mousavi told a news
+  conference in Damascus.  On Monday U.S. Navy warships blasted
+  the Rostam platform, and Navy personnel stormed a second
+  platform a few miles away. Washington said the operation was
+  aimed at destroying positions used by Iran to track and assault
+  neutral Gulf shipping.
+  
+
diff --git a/reuters/test/20093 b/reuters/test/20093
new file mode 100644
index 0000000000000000000000000000000000000000..d9d6d637faabd10cfc84c83c782d99c8224ade6f
--- /dev/null
+++ b/reuters/test/20093
@@ -0,0 +1,25 @@
+INDONESIA FINDS NEW OFFSHORE OIL AND GAS RESOURCES
+  The Indonesian state-owned oil company
+  Pertamina has found new offshore oil and gas resources in East
+  Aceh, on the western tip of northern Sumatra, a company
+  spokesman said.
+      The spokesman said the discovery was made at the GOS IA-1
+  offshore exploratory well about 38 kms east of Langsa in Aceh.
+      "Oil and gas are found in sand layers at the depth of 2,300
+  metres within the Baong formation," he said.
+      He said preliminary tests showed that the well could flow
+  oil at the rate of 1,320 barrels a day with 50 degrees API at
+  20 degrees centigrade through a 5/8 inch choke.
+      "The well also flows natural gas at the rate of 12 mln
+  standard cubic feet a day," he added.
+      GOS IA-1 well, located at a water depth of 41 metres, was
+  drilled under a production sharing contract between Pertamina
+  and Japex North Sumatra Ltd, each having 50 pct shares.
+      "Petroleum operations are to be carried out by Pertamina as
+  operator through a joint operating body established by the two
+  companies," the Pertamina spokesman stated.
+      The contract covers the Gebang block contract area. The two
+  companies have previously completed the drilling of GOS IIA-1
+  exploratory well, around 14 kms south of GOS IA-1.
+  
+
diff --git a/reuters/test/20095 b/reuters/test/20095
new file mode 100644
index 0000000000000000000000000000000000000000..a41142203a7ffc4cb4112b420552b9f378d72ef9
--- /dev/null
+++ b/reuters/test/20095
@@ -0,0 +1,65 @@
+INDONESIA SAYS IT WILL EXTEND OIL CONTRACTS
+  Indonesia told the oil industry on
+  Tuesday it will extend contracts on producing blocks and
+  improve the investment climate, but wants to see increased
+  expenditure on exploration in return.
+      President Suharto, in an opening speech to the Indonesian
+  Petroleum Association, said Indonesia was ready to extend
+  contracts held by foreign oil companies on producing areas.
+      "In order to boost investment in the petroleum industry, the
+  government of Indonesia has basically approved of extending
+  production sharing contracts under the present laws," Suharto
+  said.
+      "Apart from that, the government will keep improving the
+  investment climate in order to accelerate the development of
+  the petroleum industry," he said.
+      Indonesian Energy Minister Subroto told the Association he
+  was aware that the oil industry needed to be assured that
+  contracts on blocks expiring within the next 10 years would be
+  renewed before they would invest in further exploration.
+      "As we all have heard this morning, the President is fully
+  aware of this situation," Subroto said.
+      "The government has already made the political decision to
+  entertain this time problem by inviting the existing producers
+  to continue their activities in Indonesia, albeit on a
+  selective basis."
+      Indonesia, one of the 13 members of OPEC, must find new oil
+  reserves if it is to remain an exporter in the next decade, oil
+  industry sources say.
+      Subroto said the government was also working to ease other
+  problems, including granting easier terms for remote areas or
+  deep water conditions.
+      But Subroto said relations with oil companies were two-way
+  and that they should step up expenditure on oil exploration now
+  that the oil price had recovered.
+      President Suharto said he wanted to see greater transfer of
+  technology to Indonesian companies, and more help from the oil
+  industry for the regions in which companies operated.
+      Abdul Rachman Ramly, the President of state oil company
+  Pertamina, has said that budgeted exploration and production
+  expenditure for all oil companies in Indonesia was forecast to
+  fall to 3.1 billion dlrs in calendar 1987 from 3.4 billion in
+  1986.
+      Pertamina has 69 production-sharing or joint operation
+  contracts with foreign oil companies.
+      Subroto said speeding up necessary approvals for field
+  operations was a government priority. There had been
+  misunderstandings between the government and the oil industry
+  in certain areas, such as when a field is designated
+  commercial, and a thorough evaluation was being made.
+      He said the government wanted to finalise contract
+  extensions as soon as practical, and urged the industry in the
+  meantime to maintain its exploration drive.
+      Subroto said Indonesia needed the companies to maintain
+  exploration efforts, even if their contract was due to expire
+  within 10 years. "This need in itself is some sort of guarantee
+  that we will soon have to come up with an extension agreement."
+      Eleven major contract areas are due to come up for renewal
+  between 1991 and 2001, industry sources said.
+      Extension of the contracts on the blocks has involved
+  detailed negotiations but so far no extension has been granted.
+      Subroto told reporters afterwards that contract extensions
+  would be selective, based on how much capital would be
+  invested.
+  
+
diff --git a/reuters/test/20096 b/reuters/test/20096
new file mode 100644
index 0000000000000000000000000000000000000000..a9001153f489652e6c17ed69e62a4c8ed8e3e064
--- /dev/null
+++ b/reuters/test/20096
@@ -0,0 +1,5 @@
+COMEX RAISING MARGINS FOR GOLD AND COPPER  FUTURES EFFECTIVE AT TODAY'S OPENING - OFFICIAL
+
+  COMEX RAISING MARGINS FOR GOLD AND COPPER  FUTURES EFFECTIVE AT TODAY'S OPENING - OFFICIAL
+  
+
diff --git a/reuters/test/20101 b/reuters/test/20101
new file mode 100644
index 0000000000000000000000000000000000000000..e9058a4f133a95e4134d11fb9eaf2dc3ea94d95b
--- /dev/null
+++ b/reuters/test/20101
@@ -0,0 +1,35 @@
+IRAN PLANS TO FILE LAWSUITS OVER U.S. RAID
+  Iran is preparing lawsuits to file for
+  compensation from the U.S. Over the American raid on its Gulf
+  oil platforms, Tehran radio quoted Iranian Oil Minister
+  Gholamreza Aqazadeh as saying.
+      The lawsuits would be filed with competent international
+  bodies once the exact damage was calculated, he was quoted
+  telling a news conference in Tehran. He earlier estimated the
+  damage from the U.S. Raid at about 500 mln dlrs.
+      The rigs, one of which was heavily shelled by four American
+  destroyers on Monday, were still burning almost 24 hours after
+  the attack, he said.
+      Aqazadeh said the half-billion-dollar damage estimate was
+  preliminary. Washington has said the attack was in response to
+  a missile strike against the American-flag tanker the Sea Isle
+  City in Kuwaiti waters on Friday.
+      He denied that there was any military hardware on the rigs
+  "except a 23 mm machinegun for air defence." Reacting to
+  Weinberger's remark that Washington considered the case closed,
+  Aqazadeh said: "Iran will also consider the case closed after
+  its retaliatory measure." Iranian officials have said their
+  response would not be limited to the Gulf and U.S. Interests
+  around the world might come under attack.
+      Aqazadeh said the U.S. Military presence in the Gulf
+  aggravated the regional crisis and made access to the region's
+  oil more difficult, but he did not see the U.S. Attack
+  significantly affecting oil prices.
+      IRNA said he gave no explicit reply when asked if the
+  attack would prompt Iran to block the Hormuz Strait at the
+  entrance to the Gulf.
+      "If Iran cannot use the Hormuz Strait, no other country can
+  either, and this would be to everyone's harm," the radio quoted
+  him as saying.
+  
+
diff --git a/reuters/test/20103 b/reuters/test/20103
new file mode 100644
index 0000000000000000000000000000000000000000..1b08ceef79950ba9cbe14e9bf527a5ad5ec4dda6
--- /dev/null
+++ b/reuters/test/20103
@@ -0,0 +1,14 @@
+IRANIAN PREMIER REITERATES WARNING OF RETALIATION
+  Iranian Premier Mir-Hossein Mousavi
+  reiterated his country would retaliate for U.S. Navy attacks on
+  Gulf oil platforms.
+      "The U.S. Attack on Iran's oil platforms jeopardises our
+  national sovereignty ... And we will retaliate properly for
+  this perfidious American aggression," Mousavi told a news
+  conference in Damascus.  On Monday U.S. Navy warships blasted
+  the Rostam platform, and Navy personnel stormed a second
+  platform a few miles away. Washington said the operation was
+  aimed at destroying positions used by Iran to track and assault
+  neutral Gulf shipping.
+  
+
diff --git a/reuters/test/20105 b/reuters/test/20105
new file mode 100644
index 0000000000000000000000000000000000000000..9053aa23e108c83300192bbaf50ae96b6c5f175e
--- /dev/null
+++ b/reuters/test/20105
@@ -0,0 +1,13 @@
+MUSICLAND GROUP INC <TMG> 3RD QTR NET
+  Shr 28 cts vs 14 cts
+      Net 3,110,000 vs 1,286,000
+      Revs 112.7 mln vs 93.8 mln
+      Avg shrs 11.2 mln vs 9,148,000
+      Nine mths
+      Shr 58 cts vs 15 cts
+      Net 6,377,000 vs 1,332,000
+      Revs 307.8 mln vs 233.8 mln
+      Avg shrs 10.9 mln vs 9,148,000
+      NOTE: Company 81.4 pct owned by Primerica Corp <PA>.
+  
+
diff --git a/reuters/test/20106 b/reuters/test/20106
new file mode 100644
index 0000000000000000000000000000000000000000..745222cb72734fb4b1ae6e5e6f5c05e552b6bb2e
--- /dev/null
+++ b/reuters/test/20106
@@ -0,0 +1,5 @@
+U.S. SEPT HOUSING STARTS ROSE 4.4 PCT TO 1.669 MLN, PERMITS FELL 0.6 PCT TO 1.493 MLN
+
+  U.S. SEPT HOUSING STARTS ROSE 4.4 PCT TO 1.669 MLN, PERMITS FELL 0.6 PCT TO 1.493 MLN
+  
+
diff --git a/reuters/test/20112 b/reuters/test/20112
new file mode 100644
index 0000000000000000000000000000000000000000..a80f98c9b64b23e2a6833e20b78ca1c3e1d971e6
--- /dev/null
+++ b/reuters/test/20112
@@ -0,0 +1,6 @@
+APPLIED BIOSYSTEMS INC <ABIO.O> 1ST QTR SEPT 30
+  Shr 22 cts vs 20 cts
+      Net 2,963,000 vs 2,696,000
+      Sales 26.5 mln vs 19.4 mln
+  
+
diff --git a/reuters/test/20114 b/reuters/test/20114
new file mode 100644
index 0000000000000000000000000000000000000000..57c73af09a2e9e1b52e4588d78433bca974584ec
--- /dev/null
+++ b/reuters/test/20114
@@ -0,0 +1,14 @@
+<PLUM HOLDING INC> STARTS HOILLY SUGAR <HLY> BID
+  Plum Holding Inc said it has started its
+  previously-announced offer to purchase 664,400 common shares of
+  Holly Sugar Corp at 95 dlrs each.
+      In a newspaper advertisement, the firm said the offer,
+  proration period and withdrawal rights expire November 17
+  unless extended. The offer, which has been approved by the
+  Holly board and is to be followed by a merger in which
+  remaining shares are to be exchanged for cumulative redeemable
+  exchangeable preferred stock, is conditioned on receipt of at
+  least 664,400 shares, which would give Plum a two thirds
+  interest, and the receipt of financing.
+  
+
diff --git a/reuters/test/20116 b/reuters/test/20116
new file mode 100644
index 0000000000000000000000000000000000000000..5a66519f10481c2baf48a09ec1f8497081e9f5de
--- /dev/null
+++ b/reuters/test/20116
@@ -0,0 +1,38 @@
+U.S. HOUSING STARTS ROSE 4.4 PCT IN SEPTEMBER
+  U.S. housing starts rose 4.4 pct in
+  September to a seasonally adjusted annual rate of 1,669,000
+  units, the Commerce Department said.
+      In August, housing starts were unchanged from July levels
+  at 1,598,000 units, instead of being down 1.5 pct as previously
+  reported.
+      The increase in September housing starts was the largest
+  since a 10.8 pct gain in starts in December 1986, Commerce
+  Department officials said.
+      The rate at which permits were issued for future
+  construction fell 0.6 pct in September to a seasonally adjusted
+  1,493,000 units from 1,502,000 units in August.
+      Permits had risen 1.0 pct in August from July levels of
+  1,487,000 units.
+      Before seasonal adjustment, permits rose to 135,500 in
+  September from 128,000 in August.
+      Housing starts before adjustment rose to 150,200 in
+  September from 144,600 in August.
+      The seasonally adjusted rise in starts included a 5.1 pct
+  increase in September single-family unit starts to 1,168,000 
+  from 1,111,000 in August.
+      Single-family starts had fallen 2.8 pct in August from July
+  levels.
+      Multi-family starts rose 2.9 pct in September to a
+  seasonally adjusted 501,000 units after a 7.0 pct increase in
+  August, the department said.
+      Permits for single-family units fell 3.2 pct last month to
+  a seasonally adjusted 990,000 units after a 3.0 pct August
+  rise.
+      Multi-family permits were up 5.0 pct in September to
+  503,000 units after falling 3.0 pct in August.
+      Housing starts in September were down 1.2 pct from a
+  seasonally adjusted 1,689,000 units in September 1986.
+      Permits were 11.5 pct below the September 1986 level of
+  1,687,000 units.
+  
+
diff --git a/reuters/test/20117 b/reuters/test/20117
new file mode 100644
index 0000000000000000000000000000000000000000..0d71455aacec4350ae1b36555513b502865c4606
--- /dev/null
+++ b/reuters/test/20117
@@ -0,0 +1,10 @@
+NALCO CHEMICAL CORP <NLC> 3RD QTR NET
+  Shr 51 cts vs 42 cts
+      Net 20.3 mln vs 16.7 mln
+      Sales 216.9 mln vs 184.5 mln
+      Nine mths
+      Shr 1.47 dlrs vs 1.21 dlrs
+      Net 58.2 mln vs 47.6 mln
+      Sales 611.2 mln vs 547.0 mln
+  
+
diff --git a/reuters/test/20118 b/reuters/test/20118
new file mode 100644
index 0000000000000000000000000000000000000000..ed905820671b58072eae07379d9ca4dd7c117720
--- /dev/null
+++ b/reuters/test/20118
@@ -0,0 +1,10 @@
+STEPAN CO <SCL> 3RD QTR NET
+  Shr 87 cts vs 62 cts
+      Net 2,604,000 vs 1,856,000
+      Sales 72.7 mln vs 64.6 mln
+      Nine mths
+      Shr 2.71 dlrs vs 1.97 dlrs
+      Net 8,121,000 vs 5,834,000
+      Sales 215.7 mln vs 193.0 mln
+  
+
diff --git a/reuters/test/20119 b/reuters/test/20119
new file mode 100644
index 0000000000000000000000000000000000000000..7822cc75f5af5bd1b65084dd8a6f44655415d59e
--- /dev/null
+++ b/reuters/test/20119
@@ -0,0 +1,16 @@
+CONVERGENT INC <CVGT.O> 3RD QTR NET
+  Shr profit four cts vs loss 56 cts
+      Net profit 2,043,000 vs loss 25.7 mln
+      Revs 111.3 mln vs 64.7 mln
+      Avg shrs 48.3 mln vs 45.8 mln
+      Nine mths
+      Shr loss 18 cts vs loss 63 cts
+      Net loss 8,695,000 vs loss 28.4 mln
+      REvs 308.4 mln vs 228.4 mln
+      Avg shrs 48.0 mln vs 44.8 mln
+      NOTE: 1986 net includes tax credits of 1,646,000 dlrs in
+  quarter and 3,401,000 dlrs in nine mths.
+      1987 nine mths results restated for pooled acquisition of
+  Bidtek Inc.
+  
+
diff --git a/reuters/test/20127 b/reuters/test/20127
new file mode 100644
index 0000000000000000000000000000000000000000..240a277b36d20eecad90c8385e4db3dfaa5abff6
--- /dev/null
+++ b/reuters/test/20127
@@ -0,0 +1,5 @@
+ German net currency reserves rise 500 mln marks to 87.0 billion in week
+
+   German net currency reserves rise 500 mln marks to 87.0 billion in week
+  
+
diff --git a/reuters/test/20129 b/reuters/test/20129
new file mode 100644
index 0000000000000000000000000000000000000000..729b3ef6cd4a5d0994c5fe123cbcfb7af331f24b
--- /dev/null
+++ b/reuters/test/20129
@@ -0,0 +1,18 @@
+TRIBUNE CO <TRB> 3RD QTR NET
+  Shr 42 cts vs 1.53 dlrs
+      Net 33,085,000 vs 123,450,000
+      Revs 535.0 mln vs 496.7 mln
+      Avg shrs 78,755,000 vs 80,666,000
+      Nine mths
+      Shr 1.24 dlrs vs 3.35 dlrs
+      Net 98,322,000 vs 271,512,000
+      Revs 1.58 billion vs 1.49 billion
+      Avg shrs 78,999,000 vs 81,022,000
+      NOTE: 1987 per-share earnings include Daily News severance
+  charges of 11 cts a share in the quarter and 13 cts a share for
+  the nine months
+      1986 net income includes non-recurring gains of 1.11 dlrs a
+  share in the quarter and 2.23 dlrs a share in the nine months
+  and five cts a share Daily News severance charges
+  
+
diff --git a/reuters/test/20132 b/reuters/test/20132
new file mode 100644
index 0000000000000000000000000000000000000000..7a5f68dab67e76200262df7713c3cdb6efdcceea
--- /dev/null
+++ b/reuters/test/20132
@@ -0,0 +1,8 @@
+GREAT WESTERN FINANCIAL CORP <GWF> 3RD QTR NET
+  Shr 45 cts vs 64 cts
+      Net 57.8 mln vs 79.4 mln
+      Nine mths
+      Shr 1.53 dlrs vs 1.87 dlrs
+      Net 195.8 mln vs 228.9 mln
+  
+
diff --git a/reuters/test/20135 b/reuters/test/20135
new file mode 100644
index 0000000000000000000000000000000000000000..74e3484190a417e55aeafc3b9a1c97d04d66865b
--- /dev/null
+++ b/reuters/test/20135
@@ -0,0 +1,16 @@
+PRINTRONIX INC <PTNX.O> 2ND QTR SEPT 25 NET
+  Shr profit 11 cts vs loss 28 cts
+      Net profit 515,000 vs loss 1,328,000
+      Sales 31.0 mln vs 32.1 mln
+      Avg shrs 4,600,199 vs 4,815,062
+      1st half
+      Shr loss 23 cts vs profit 10 cts
+      Net loss 1,033,000 vs profit 482,000
+      Sales 58.5 mln vs 62.1 mln
+      Avg shrs 4,565,752 vs 4,883,711
+      NOTE: 1986 half net includes pretax gain 4,150,000 dlrs
+  from sale of option to buy facility.
+      Backlog 28.1 mln dlrs vs 22.5 mln dlrs at end of previous
+  quarter and 21.0 mln dlrs at end of prior year's second quarter.
+  
+
diff --git a/reuters/test/20137 b/reuters/test/20137
new file mode 100644
index 0000000000000000000000000000000000000000..f9e68fbc6929a3568c945f987efb3fd39646ee97
--- /dev/null
+++ b/reuters/test/20137
@@ -0,0 +1,14 @@
+GAF <GAF> TO PURCHASE UP TO 21 PCT OF STOCK
+  GAF Corp said its board has
+  authorized the repurchase from time to time of up to seven mln
+  of its common shares, or about 21 pct, for cash in open market
+  purchases or private transactions.
+      The company said it repurchased 2,100,000 shares under an
+  April authorization to buy back up to three mln shares and
+  authorization for further repurchases under the old program has
+  been withdrawn.
+      Yesterday, GAF said a group led by chairman Samuel J.
+  Heyman has decided to reconsider its offer to acquire GAF. GAF
+  said a revised offer by the group is still possible.
+  
+
diff --git a/reuters/test/20138 b/reuters/test/20138
new file mode 100644
index 0000000000000000000000000000000000000000..490ec91f3d16d7cc39bf69f72f896ac426b1b708
--- /dev/null
+++ b/reuters/test/20138
@@ -0,0 +1,17 @@
+DOW CHEMICAL CO <DOW> 3RD QTR NET
+  Shr 1.72 dlrs vs 87 cts
+      Net 330,000,000 vs 167,000,000
+      Sales 3.36 billion vs 2.74 billion
+      Avg shrs 192,200,000 vs 191,700,000
+      Nine mths
+      Shr 4.62 dlrs vs 2.95 dlrs
+      Net 888,000,000 vs 564,000,000
+      Sales 9.78 billion vs 8.31 billion
+      Avg shrs 191,100,000 vs 191,500,000
+      NOTE: Earnings include a loss of 3.0 mln dlrs, or one ct a
+  share in the 1986 quarter from early extinguishment of debt
+      Earnings include losses in the nine months of 3.0 mln dlrs,
+  or two cts a share vs 8.0 mln dlrs, or four cts a share from
+  early extinguishment of debt
+  
+
diff --git a/reuters/test/20140 b/reuters/test/20140
new file mode 100644
index 0000000000000000000000000000000000000000..da204ab6cba4960af9ce2cdaf88f4d7260a1a0be
--- /dev/null
+++ b/reuters/test/20140
@@ -0,0 +1,11 @@
+THRIFTY RENT-A-CAR SYSTEM INC <TFTY.O> 4TH QTR
+  June 30 end
+      Shr 33 cts vs 13 cts
+      Net 1,687,623 vs 636,500
+      Revs 18.7 mln vs 8,973,143
+      Year
+      Shr 96 cts vs 66 cts
+      Net 4,821,637 vs 3,309,017
+      Revs 58.8 mln vs 27.2 mln
+  
+
diff --git a/reuters/test/20142 b/reuters/test/20142
new file mode 100644
index 0000000000000000000000000000000000000000..f4b91b2b4a41565e1624978ec373061a619d7529
--- /dev/null
+++ b/reuters/test/20142
@@ -0,0 +1,13 @@
+COMPUTER MEMORIES <CMIN.O> TO DELAY MERGER
+  Computer Memories Inc said its
+  board has decided to take additional time to evaluate the
+  impact of litigation on the proposed acquisition of <Hemdale
+  Film Corp>.
+      Computer Memories said it plans to adjourn its annual
+  shareholders meeting, scheduled for October 23, after it is
+  convened. One purpose of the meeting is to consider the
+  transaction, the company explained.
+      Computer Memories said Hemdale agrees with this course of
+  action.
+  
+
diff --git a/reuters/test/20145 b/reuters/test/20145
new file mode 100644
index 0000000000000000000000000000000000000000..3b951788e52a29aeb764ab905b8bc7dfffd4b933
--- /dev/null
+++ b/reuters/test/20145
@@ -0,0 +1,5 @@
+CHEMICAL BANK CUTS PRIME RATE TO 9.25 PCT FROM 9.75 PCT, EFFECTIVE IMMEDIATELY
+
+  CHEMICAL BANK CUTS PRIME RATE TO 9.25 PCT FROM 9.75 PCT, EFFECTIVE IMMEDIATELY
+  
+
diff --git a/reuters/test/20151 b/reuters/test/20151
new file mode 100644
index 0000000000000000000000000000000000000000..031bdb1be8941faa1e51d79169ba22aa5a8d204d
--- /dev/null
+++ b/reuters/test/20151
@@ -0,0 +1,12 @@
+SHEARSON LEHMAN BROTHERS HOLDINGS <SHE> 3RD QTR
+  Shr 51 cts
+      Net 51 mln dlrs vs 65 mln dlrs
+      Revs 1.3 billion vs 1.1 billion
+      Nine mths
+      Shr 2.07 dlrs
+      Net 189 mln vs 215 mln
+      Revs 3.9 billion vs 3.3 billion
+      NOTE: Full name is Shearson Lehman Brothers Holdings Inc
+      Company went public May 7, 1987
+  
+
diff --git a/reuters/test/20153 b/reuters/test/20153
new file mode 100644
index 0000000000000000000000000000000000000000..ad40a9aa2de2acbb406097d9316d6576359d2d23
--- /dev/null
+++ b/reuters/test/20153
@@ -0,0 +1,5 @@
+MARINE MIDLAND BANK CUTS PRIME RATE TO 9.25 PCT FROM 9.75 PCT, EFFECTIVE IMMEDIATELY
+
+  MARINE MIDLAND BANK CUTS PRIME RATE TO 9.25 PCT FROM 9.75 PCT, EFFECTIVE IMMEDIATELY
+  
+
diff --git a/reuters/test/20159 b/reuters/test/20159
new file mode 100644
index 0000000000000000000000000000000000000000..3cfa4721bfa450865d516ca5ffc91dda8c0bb54a
--- /dev/null
+++ b/reuters/test/20159
@@ -0,0 +1,23 @@
+CHEMICAL <CHL>, MARINE MIDLAND <MM> CUT PRIME
+  Chemical Bank and Marine Midland Banks
+  Inc said they are cutting their prime lending rate to 9-1/4 pct
+  from 9-3/4 pct, reversing an increase that they announced just
+  last week.
+      The reduction is effective immediately.
+      No other major U.S. bank had followed the lead of Chemical
+  and Marine Midland, preferring to keep their prime rates at
+  9-1/4 pct while they waited to see what course money market
+  rates would take.
+      Following Monday's record fall in Wall Street stock prices,
+  money market rates fell sharply on Tuesday as investors
+  ploughed proceeds into short-term instruments and the Federal
+  Reserve said it is prepared to provide liquidity to support the
+  economy and the financial system.
+      Eurodollar deposit rates in London fell by as much as 9/16
+  percentage point, Treasury bill rates fell by as much as half a
+  point (after falling between 59 and 84 basis points on Monday),
+  and the Fed funds rate dropped to 7-1/4 pct from Monday's
+  average of 7.61 pct. Speculation even surfaced of a discount
+  rate cut to calm the markets, dealers said.
+  
+
diff --git a/reuters/test/20161 b/reuters/test/20161
new file mode 100644
index 0000000000000000000000000000000000000000..28c8f601e4f7e6282ccecfee053d62ee669ef85d
--- /dev/null
+++ b/reuters/test/20161
@@ -0,0 +1,12 @@
+SEARS, ROEBUCK AND CO <S> 3RD QTR NET
+  Shr 1.08 dlrs vs 88 cts
+      Net 409,000,000 vs 328,000,000
+      Revs 12.19 billion vs 11.17 billion
+      Avg shrs 378.2 mln vs 368.4 mln
+      Nine mths
+      Shr 2.86 dlrs vs 2.17 dlrs
+      Net 1.09 billion vs 808.3 mln
+      Revs 34.39 billion vs 31.31 billion
+      Avg shrs 377.7 mln vs 366.2 mln
+  
+
diff --git a/reuters/test/20165 b/reuters/test/20165
new file mode 100644
index 0000000000000000000000000000000000000000..4692628da67f9c4b83d6077044d91e830cd6bd57
--- /dev/null
+++ b/reuters/test/20165
@@ -0,0 +1,10 @@
+PRIME COMPUTER INC <PRM> 3RD QTR SEPT 28
+  Shr 32 cts vs 25 cts
+      Net 15.9 mln vs 12.1 mln
+      Revs 236.2 mln vs 221.9 mln
+      Nine mths
+      Shr 88 cts vs 68 cts
+      Net 43.5 mln vs 32.8 mln
+      Revs 693.9 mln vs 629.2 mln
+  
+
diff --git a/reuters/test/20166 b/reuters/test/20166
new file mode 100644
index 0000000000000000000000000000000000000000..55a2dd1a1424c37f1f367261d257d746e97daae2
--- /dev/null
+++ b/reuters/test/20166
@@ -0,0 +1,12 @@
+RYDER SYSTEM INC <RDR> 3RD QTR NET
+  Shr 65 cts vs 63 cts
+      Net 52.7 mln vs 47.7 mln
+      Revs 1.16 billion vs 976.6 mln
+      Avg shrs 79.9 mln vs 74.3 mln
+      Nine mths
+      Shr 1.73 dlrs vs 1.54 dlrs
+      Net 141.4 mln vs 117.9 mln
+      Revs 3.39 billion vs 2.75 billion
+      NOTE: Share after preferred dividends.
+  
+
diff --git a/reuters/test/20168 b/reuters/test/20168
new file mode 100644
index 0000000000000000000000000000000000000000..1b7fd18c433210ce3f3b1245917a5198f15f2d1b
--- /dev/null
+++ b/reuters/test/20168
@@ -0,0 +1,35 @@
+SCHLUMBERGER LTD <SLB> 3RD QTR NET
+  Shr nil vs loss 14 cts
+      Net 1,697,000 vs loss 41.9 mln
+      Revs 1.2 billion vs 1.1 billion
+      Avg shrs 276.4 mln vs 285.6 mln
+      Nine mths
+      Shr profit 13 cts vs profit 56 cts
+      Net profit 36.8 mln vs 161.5 mln
+      Revs 3.4 billoin vs 3.8 billion
+      Avg shrs 278.2 mln vs 288.9 mln
+      NOTE: 1987 3rd qtr includes 152.6 mln dlrs for continuing
+  operations, which includes a 69 mln dlrs after-tax gain on sale
+  of company's investment in Compagnie Luxembourgeoise de
+  Telediffusion.
+      1987 3rd qtr and nine mths net includes a loss of 220 mln
+  dlrs or 79 cts a share for discontinued operations and 70 mln
+  dlrs or 25 cts a share for extraordinary gain.
+      1986 3rd qtr and nine mths net includes a loss of 59 mln
+  dlrs or 20 cts a share from continuing operations mainly for
+  employee layoff costs in oilfied services, sale of small
+  electronic business and unfavorable lease comitments.
+     
+      1987 nine mths net also includes a loss of 220 mln dlrs
+  from discontinued operations due to completion of previously
+  announced sale of Fairchild Semiconductor business.
+      1987 extraordinary item of 70.1 mln dlrs relates to award
+  from Iran-U.S. Claims Tribunal from Iran's seizure of SEDCO Inc
+  drilling business in 1979 prior to its acquisition by
+  Schlumberger.
+      1986 3rd qtr and nine mths net also includes in
+  discontinued operations a loss of 36 mln dlrs from Fairchild
+  Semiconductor offset by a 53 mln dlrs gain from favorable
+  settlement of litigation with Data General.
+  
+
diff --git a/reuters/test/20170 b/reuters/test/20170
new file mode 100644
index 0000000000000000000000000000000000000000..c6c38adcd8f08a2b076767c65b3845a3f367c4a7
--- /dev/null
+++ b/reuters/test/20170
@@ -0,0 +1,11 @@
+WELLS FARGO AND CO <WFC> 3RD QTR NET
+  Shr profit 2.77 dlrs vs profit 1.35 dlrs
+      Net 155.0 mln vs 77.4 mln
+      Nine mths
+      Shr loss 1.43 dlrs vs profit 3.66 dlrs
+      Net loss 60.4 mln vs profit 195.2 mln
+      Assets 45.15 billion vs 42.69 billion
+      Loans 36.33 billion vs 34.46 billion
+      Deposits 29.7 billion vs 23.3 billion
+  
+
diff --git a/reuters/test/20174 b/reuters/test/20174
new file mode 100644
index 0000000000000000000000000000000000000000..008bf6bce672fec43e6c372b7788d44265183b15
--- /dev/null
+++ b/reuters/test/20174
@@ -0,0 +1,23 @@
+BAXTER TRAVENOL LABS <BAX> 3RD QTR SHR NET
+  Shr 31 cts vs 18 cts
+      Net 90 mln vs 51 mln
+      Sales 1.58 billion vs 1.42 billion
+      Avg shrs 274 mln vs 269 mln
+      Nine Mths
+      Shr 79 cts vs 42 cts
+      Net 233 mln vs 129 mln
+      Sales 4.58 billion vs 4.22 billion
+      Avg shrs 238 mln vs 267 mln
+      NOTE: 1987 results include Caremark Inc from August 3.
+  Caremark acquisition reduced 1987 nine months net by five cts,
+  offset by a three ct gain from the sale of securities.
+      1986 third quarter net excludes gains from discontinued
+  operations of 12 mln dlrs or four cts; a gain from sale of
+  discontinued operations of 285 mln dlrs or 1.06 dlrs; and a
+  charge from early repayment of debt of 58 mln dlrs or 22 cts.
+      1986 nine months net excludes gains from discontinued
+  operations of 38 mln dlrs or 14 cts; a gain from sale of
+  discontinued operations of 285 mln dlrs or 1.06 dlrs; and a
+  charge from early repayment of debt of 58 mln dlrs or 22 cts.
+  
+
diff --git a/reuters/test/20176 b/reuters/test/20176
new file mode 100644
index 0000000000000000000000000000000000000000..8719ff55356c42e12ff52261202ab9467a82cef3
--- /dev/null
+++ b/reuters/test/20176
@@ -0,0 +1,16 @@
+LAMSON AND SESSIONS CO <LMS> 3RD QTR NET
+  Oper shr profit 20 cts vs loss 22 cts
+      Oper net profit 2,111,000 vs loss 1,605,000
+      Revs 89.6 mln vs 27.2 mln
+      Nine mths
+      Oper shr profit 47 cts vs loss 15 cts
+      Oper net profit 4,116,000 vs loss 1,029,000
+      Revs 252.1 mln vs 87.9 mln
+      NOTE: 1986 net excludes losses from discontinued operations
+  of 791,000 dlrs in quarter and 1,168,000 dlrs in nine mths.
+      1986 nine mths net excludes gain 4,726,000 dlrs from
+  cumulative effect of pension accounting change.
+      1987 net excludes tax credits of 1,569,000 dlrs in quarter
+  and 2,894,000 dlrs in nine mths.
+  
+
diff --git a/reuters/test/20180 b/reuters/test/20180
new file mode 100644
index 0000000000000000000000000000000000000000..26171ab946585a935706db0ed7d4e6d8aef32fdc
--- /dev/null
+++ b/reuters/test/20180
@@ -0,0 +1,14 @@
+KRAFT INC <KRA> 3RD QTR SEPT 26 NET
+  Shr 91 cts vs 17 cts
+      Net 124,100,000 vs 21,200,000
+      Sales 2.83 billion vs 2.22 billion
+      Nine mths
+      Shr 2.47 dlrs vs 2.02 dlrs
+      Net 337,400,000 vs 294,200,000
+      Sales 7.98 billion vs 6.33 billion
+      Avg shrs 136,700,000 vs 142,500,000
+      NOTE: 1986 earnings include a loss from discontinuedoperations of 50.3 mln dlrs, or 35 cts a share in the quarter
+  and a gain of 21.2 mln dlrs, or 15 cts a share in the nine
+  months
+  
+
diff --git a/reuters/test/20181 b/reuters/test/20181
new file mode 100644
index 0000000000000000000000000000000000000000..089bbe32e223da419dad93c5b12da407ad91351e
--- /dev/null
+++ b/reuters/test/20181
@@ -0,0 +1,11 @@
+UST INC <UST> 3RD QTR NET
+  Shr 60 cts vs 48 cts
+      Net 35.0 mln vs 27.8 mln
+      Revs 147.2 mln vs 131.6 mln
+      Nine mths
+      Shr 1.67 dlrs vs 1.38 dlrs
+      Net 97.3 mln vs 77.9 mln
+      Revs 422.4 mln vs 385.5 mln
+      Avg shrs 58.4 mln vs 56.5 mln
+  
+
diff --git a/reuters/test/20186 b/reuters/test/20186
new file mode 100644
index 0000000000000000000000000000000000000000..9554284816102b684db457bd52573db7ed3aa8f3
--- /dev/null
+++ b/reuters/test/20186
@@ -0,0 +1,64 @@
+U.S. COFFEE IMPORT REPORTING SYSTEM QUESTIONED
+  A voluntary compliance system for
+  monitoring U.S. coffee imports under quotas is viewed
+  skeptically by many in the coffee industry, said analysts and
+  trade sources.
+      "Many sectors of the trade, including large roasters and 
+  importers, are adamant against voluntary compliance because of
+  the past, which was subject to tremendous irregularities as it
+  became a matter of the trade monitoring each other," one
+  analyst said.
+      On Monday, a National Coffee Association newsletter said
+  the Office of U.S. Trade Representative will implement a
+  voluntary compliance system temporarily because legislation to
+  monitor imports is tied up in the Congressional trade bill.
+      Under the arrangement, milar to one in 1980, coffee
+  importers would voluntarily present needed documents to the
+  U.S. government until Congress approves the monitoring
+  authority, but if coffee arrives without valid certification,
+  it will still be allowed entry.
+      While many believe producers will not seek to add to the
+  overburdened stock situation in the U.S., others believe some
+  will ship outside of the quota requirements in lieu of
+  monitoring controls, trade sources said.
+      "Last time, there was a lot of false information submitted
+  to customs which resulted in a lot of indictments and fines," a
+  U.S. Customs spokesman said.
+      "Customs can do a good job when given the tools, but when
+  its hands are tied, it doesn't have the authority to demand
+  Form O (documents tracking merchandise from source to
+  destination)," he said.
+      Many see it as a true test of whether producers and
+  importers will abide by the quota system.
+      "It is a key to seeing whether there are any teeth in the
+  quota agreement," said one major U.S. roaster.
+       "Last time we had a gentleman's agreement, the trade did
+  not act as a gentleman," said another analyst adding, "without
+  the need to submit documents, the ball will be in the
+  producers' hands."
+      Some feel that importers will take advantage of the
+  voluntary compliance due to development of a two-tier market,
+  in which non-member countries buy coffee at a big discount.
+  Many fear that dealers will buy coffee destined for non-member
+  countries at discounts and then bring it into the U.S. falsely
+  labelled.
+      According to customs officials, several green coffee
+  importers confessed in 1985 that they had imported coffee
+  fraudulently after buying it for non-member destinations,
+  forging landing certificates and then relabelling it as navy
+  beans.
+      "If there's that much of a discrepancy between prices for
+  one country and another, producers may be teted to get rid of
+  their stocks of coffee by selling to non-member nations and by
+  circumventing the quota provisions," said Paine Webber analyst
+  Bernie Savaiko.
+      Still, others believe that producers will not be hard
+  pressed to aggravate the overburdened coffee stock situation in
+  the U.S. in the near term.
+      "It would be naive to suggest that any agreement would not
+  have some share of connivance, but I think the voluntary system
+  seemed to suffice and, coupled with the fact that we have so
+  much coffee, I don't think that it poses that much of a
+  threat," one trader said.
+  
+
diff --git a/reuters/test/20187 b/reuters/test/20187
new file mode 100644
index 0000000000000000000000000000000000000000..4f4cdf6745230c8aa2525c98290a005615b4d94d
--- /dev/null
+++ b/reuters/test/20187
@@ -0,0 +1,18 @@
+SMITHKLINE BECKMAN CORP <SKB> 3RD QTR NET
+  Shr 1.18 dlrs vs 87 cts
+      Net 149.6 mln vs 134 mln
+      Revs 1.1 billion vs 956 mln
+      Avg shrs 127.3 mln vs 154.5 mln
+      Nine mths
+      Shr 3.36 dlrs vs 2.42 dlrs
+      Net 428.1 mln vs 373.7 mln
+      Revs 3.1 billion vs 2.7 billion
+     
+      NOTE: 1987 3rd qtr and nine mths net includes a charge of
+  11 mln dlrs or nine cts a share and 31.8 mln dlrs or 25 cts a
+  share for the interest expense for share repurchases.
+      1986 nine mths net includes a charge of 28.9 mln dlrs or 19
+  cts a share for early retirement program and withdrawal of
+  Contac cold remedy from the market due to tampering.
+  
+
diff --git a/reuters/test/20189 b/reuters/test/20189
new file mode 100644
index 0000000000000000000000000000000000000000..93205ec0ac975e6820b57622825ac1458b9b42a9
--- /dev/null
+++ b/reuters/test/20189
@@ -0,0 +1,10 @@
+UNION CAMP CORP <UCC> 3RD QTR Sept 30
+  Shr 77 cts vs 50 cts
+      Net 56.5 mln vs 36.4 mln
+      Sales 583.3 mln vs 515.9 mln
+      Nine months
+      Shr 2.02 dlrs vs 1.19 dlrs
+      Net 148.5 mln vs 87.1 mln
+      Sales 1.69 billion vs 1.51 billion
+  
+
diff --git a/reuters/test/20191 b/reuters/test/20191
new file mode 100644
index 0000000000000000000000000000000000000000..f18b59c118ca2f12271afbae86ee0ece2c3d8efe
--- /dev/null
+++ b/reuters/test/20191
@@ -0,0 +1,13 @@
+NEWELL CO <NWL> 3RD QTR NET
+  Shr 75 cts vs 64 cts
+      Net 11,174,000 vs 7,408,000
+      Sales 218.8 mln vs 106.3 mln
+      NIne Mths
+      Shr 1.80 dlrs vs 1.54 dlrs
+      Net 23,762,000 vs 16,603,000
+      Sales 414.8 mln vs 295.9 mln
+      NOTE: 1987 net income excludes preferred dividends
+  of 2.4 mln dlrs in the quarter and 2.7 mln dlrs in the nine
+  months compared with 188,000 dlrs and 563,000 dlrs in 1986.
+  
+
diff --git a/reuters/test/20193 b/reuters/test/20193
new file mode 100644
index 0000000000000000000000000000000000000000..6b9677aedf63243093ce11027ef47baa58a163ec
--- /dev/null
+++ b/reuters/test/20193
@@ -0,0 +1,5 @@
+CIRCLE EXPRESS TERMINATES PLANNED ACQUISITION OF OVERLAND EXPRESS
+
+  CIRCLE EXPRESS TERMINATES PLANNED ACQUISITION OF OVERLAND EXPRESS
+  
+
diff --git a/reuters/test/20195 b/reuters/test/20195
new file mode 100644
index 0000000000000000000000000000000000000000..8d25da94cab34288173ec8a8f4ba214f44acbfb1
--- /dev/null
+++ b/reuters/test/20195
@@ -0,0 +1,8 @@
+FIRST VALLEY CORP <FIVC.O> 3RD QTR NET
+  Shr 69 cts vs 62 cts
+      Net 4,401,000 vs 3,808,000
+      Nine mths
+      Shr 1.99 dlrs vs 1.77 dlrs
+      Net 12.6 mln vs 10.8 mln
+  
+
diff --git a/reuters/test/20206 b/reuters/test/20206
new file mode 100644
index 0000000000000000000000000000000000000000..9955b73f540a8df985608016a3a0b50a7486ef82
--- /dev/null
+++ b/reuters/test/20206
@@ -0,0 +1,12 @@
+AVON PRODUCTS INC 3RD QTR NET
+  Shr 37 cts vs 42 cts
+      Net 26.6 mln vs 30.0 mln
+      Sales 805.4 mln vs 690.6 mln
+      Avg shrs 70.6 mln vs 71.0 mln
+      Nine mths
+      Shr 1.23 dlrs vs 1.23 dlrs
+      Net 86.8 mln vs 88.5 mln
+      Sales 2.30 billion vs 2.01 billion
+      Avg shrs 70.3 mln vs 72.2 mln
+  
+
diff --git a/reuters/test/20207 b/reuters/test/20207
new file mode 100644
index 0000000000000000000000000000000000000000..8c5e16d42c13643e023529a2f8d2a25c88682a24
--- /dev/null
+++ b/reuters/test/20207
@@ -0,0 +1,12 @@
+SPRINGS INDUSTRIES INC <SMI> 3RD QTR OCT THREE
+  Shr 99 cts vs 42 cts
+      Net 17.6 mln vs 7,528,000
+      Sales 424.2 mln vs 376.8 mln
+      Nine mths
+      Shr 2.21 dlrs vs 94 cts
+      Net 39.3 mln vs 16.8 mln
+      Sales 1.20 billion vs 1.10 billion
+      NOTE: Share adjusted for two-for-one stock split in April
+  1987.
+  
+
diff --git a/reuters/test/20208 b/reuters/test/20208
new file mode 100644
index 0000000000000000000000000000000000000000..2f671fe8d5c3aa6235e0fb012854fa0146a2d979
--- /dev/null
+++ b/reuters/test/20208
@@ -0,0 +1,25 @@
+OILMEAL DEMAND STILL STRONG IN U.S., SOVIET UNION
+  Oilmeal demand remained strong in the
+  United States in July and August and six pct up on levels seen
+  in the same months last year, with most of the rise coming in
+  soymeal, the Hamburg based publication Oil World said.
+      Total U.S domestic usage of the nine major oilmeals rose to
+  a record 19 mln tonnes in October 1986/August 1987, up 4.2 pct
+  on the same year-ago period, with the increase in soymeal at
+  seven pct, it said.
+      Soviet soymeal demand rose by 310,000 tonnes in July and
+  330,000 tonnes in August over the respective year-ago months
+  following a huge increase in soymeal imports.
+      Oil World presumed some imports were not used immediately
+  but went into stocks. With imports again large in September, it
+  estimated Soviet soymeal stocks sharply up at 800,000 tonnes by
+  October 1 from around 130,000 at the same time last year.
+      EC oilmeal demand rose 100,000 tonnes in August from a year
+  earlier, with soymeal up 45,000 tonnes. Crushings of rapeseed,
+  sunseed and soybeans will probably rise from last year due to
+  bumper EC crops. It estimated the EC rapeseed crop at a record
+  5.9 mln tonnes, up from 3.7 mln last year. Rapeseed disposals
+  were reported at 2.1 mln tonnes by September 20 against 1.4 mln
+  at that time last year.
+  
+
diff --git a/reuters/test/20210 b/reuters/test/20210
new file mode 100644
index 0000000000000000000000000000000000000000..b4b7f7025299da168ab7001cd878d82c358e15e9
--- /dev/null
+++ b/reuters/test/20210
@@ -0,0 +1,10 @@
+CIRCLE EXPRESS<CEXX.O> ENDS OVERLAND<OVER.O> BUY
+  Circle Express Inc said negotiations
+  on its proposed acquisitions of Overland Express Inc and
+  privately-held Continental Training Services Inc have been
+  terminated by mutual agreement.
+      The company said the recent declines in stock prices have
+  made it unlikely that the transactions could qualify as
+  tax-free reorganizations.
+  
+
diff --git a/reuters/test/20213 b/reuters/test/20213
new file mode 100644
index 0000000000000000000000000000000000000000..f541118b8d86fb570a57876a49fc94c964fa07c7
--- /dev/null
+++ b/reuters/test/20213
@@ -0,0 +1,12 @@
+MARSH AND MCLENNAN COS INC <MMC> 3RD QTR NET
+  Shr 1.04 dlrs vs 87 cts
+      Net 77.7 mln vs 64.2 mln
+      Revs 533.7 mln vs 461.8 mln
+      Avg shrs 74.7 mln vs 73.9 mln
+      Nine mths
+      Shr 3.35 dlrs vs 2.63 dlrs
+      Net 249.5 mln vs 193.9 mln
+      Revs 1.63 billion vs 1.36 billion
+      Avg shrs 74.5 mln vs 73.8 mln
+  
+
diff --git a/reuters/test/20214 b/reuters/test/20214
new file mode 100644
index 0000000000000000000000000000000000000000..2f218d9a943bad5ceaf333c821853e05c7116670
--- /dev/null
+++ b/reuters/test/20214
@@ -0,0 +1,3 @@
+20-OCT-1987
+  20-OCT-1987
+
diff --git a/reuters/test/20215 b/reuters/test/20215
new file mode 100644
index 0000000000000000000000000000000000000000..5cab66e8ef5bf186eb7b198520ffe20413dd1a6f
--- /dev/null
+++ b/reuters/test/20215
@@ -0,0 +1,10 @@
+SUNDSTRAND CORP <SNS> 3RD QTR NET
+  Shr 77 cts vs 1.07 dlrs
+      Net 14,455,000 vs 20,083,000
+      Sales 334.4 mln vs 348.5 mln
+      Nine Mths
+      Shr 2.40 dlrs vs 3.04 dlrs
+      Net 45,00,000 vs 56,928,000
+      Sales 987.4 mln vs 1.04 billion
+  
+
diff --git a/reuters/test/20216 b/reuters/test/20216
new file mode 100644
index 0000000000000000000000000000000000000000..a35965917d69f587637622bf9cea40e3e0f8a125
--- /dev/null
+++ b/reuters/test/20216
@@ -0,0 +1,28 @@
+CRAZY EDDIE <CRZY.O> AMENDS SHAREHOLDER RIGHTS
+  Crazy Eddie Inc said its board of
+  directors amended the company's shareholder rights plan in
+  moves it said were designed to preserve stockholder protection
+  and provide flexibility to the plan.
+      Yesterday, Crazy Eddie agreed not to oppose a slate of
+  candidates to its board proposed by the Committee to Restore
+  Stockholder Value, a shareholder group led by the
+  <Oppenheimer-Palmieri Fund L.P.> and Entertainment Marketing
+  Inc <EM>, that has been seeking to oust current management.
+      Crazy Eddie said the new amendments limit future amendments
+  to the plan, modify the definition of "continuing directors"
+  and permit amendment or termination of the plan with the
+  consent of the company's shareholders if there are no
+  continuing directors in office or the approval of at least
+  three such directors cannot be obtained.
+      The company also said it approved a certificate of
+  designation with respect to its 4.5 mln shares of authorized,
+  but previously undesignated and unissued shares of preferred
+  stock and adopted an employee stock ownership plan.
+      Crazy Eddie also that it requested that the shareholder
+  group make a commitment not to take the company private until
+  Crazy Eddie has had a chance to recover from current financial
+  difficulties, a committment that the group rejected.
+      Crazy Eddie said it will hold its annual shareholders
+  meeting on November 6.
+  
+
diff --git a/reuters/test/20217 b/reuters/test/20217
new file mode 100644
index 0000000000000000000000000000000000000000..08f347b8407fed8164931e8ac6a0c95726ef6749
--- /dev/null
+++ b/reuters/test/20217
@@ -0,0 +1,17 @@
+HUNTINGTON BANCSHARES INC <HBAN.O> 3RD QTR NET
+  Shr 68 cts vs 61 cts
+      Shr diluted 66 cts vs 60 cts
+      Net 18.6 mln vs 16.5 mln
+      Avg shrs 27.5 mln vs 26.6 mln
+      Nine mths
+      Shr 1.40 dlrs vs 1.76 dlrs
+      Shr diluted 1.38 dlrs vs 1.71 dlrs
+      Net 38.9 mln vs 46.9 mln
+      Avg shrs 27.4 mln vs 25.8 mln
+      NOTE: Share adjusted for July 1987 10 pct stock dividend.
+      Results restated for pooled acquisitions.
+      Net includes loan loss provisions of 5,765,000  dlrs vs
+  4,252,000 dlrs in quarter and 43.3 mln dlrs vs 15.4 mln dlrs in
+  nin mths.
+  
+
diff --git a/reuters/test/20220 b/reuters/test/20220
new file mode 100644
index 0000000000000000000000000000000000000000..21e14c459301381426f6263663656ec613ed710d
--- /dev/null
+++ b/reuters/test/20220
@@ -0,0 +1,12 @@
+WEIRTON STEEL CORP 3RD QTR
+  Net 33.6 mln vs 11.1 mln
+      Revs 319.6 mln vs 295.1 mln
+      Nine mths
+      Net 97.3 mln vs 30.0 mln
+      Revs 997.8 mln vs 860.0 mln
+      NOTE: Company does not report per share earnings as it is a
+  privately-owned concern.
+      Net amounts reported are before taxes, profit sharing, and
+  contribution to employee stock ownership trust.
+  
+
diff --git a/reuters/test/20221 b/reuters/test/20221
new file mode 100644
index 0000000000000000000000000000000000000000..ca18307d72170b6b0cdbe8525b94b35c4998c2a2
--- /dev/null
+++ b/reuters/test/20221
@@ -0,0 +1,10 @@
+DOMTAR INC <DTC> 3RD QTR NET
+  Shr 37 cts vs 41 cts
+      Net 35 mln vs 38 mln
+      Revs not given
+      Nine mths
+      Shr 1.32 dlrs vs 1.18 dlrs
+      Net 123 mln vs 106 mln
+      Revs not given
+  
+
diff --git a/reuters/test/20223 b/reuters/test/20223
new file mode 100644
index 0000000000000000000000000000000000000000..adb8c6d38d4accbde73256b70be0519bcd436268
--- /dev/null
+++ b/reuters/test/20223
@@ -0,0 +1,10 @@
+GENERAL SIGNAL CORP <GSX> 3RD QTR NET
+  Shr 67 cts vs 65 cts
+      Net 18.9 mln vs 18.6 mln
+      Revs 399.0 mln vs 391 mln
+      Nine mths
+      Shr 1.70 dlrs vs 1.98 dlrs
+      Net 48.2 mln vs 56.9 mln
+      Revs 1.18 billion vs 1.2 billion
+  
+
diff --git a/reuters/test/20226 b/reuters/test/20226
new file mode 100644
index 0000000000000000000000000000000000000000..126fae67f3d5f96090639e8733844e8f2b87fb6e
--- /dev/null
+++ b/reuters/test/20226
@@ -0,0 +1,19 @@
+MELLON BANK CORP <MEL> 3RD QTR NET
+  Shr profit 47 cts vs profit 1.78 dlrs
+      Net profit 16 mln vs profit 53 mln
+      Avg shrs 27.7 mln vs 27.4 mln
+      Nine mths
+      Shr loss 22.51 dlrs vs profit 5.78 dlrs
+      Net loss 610 mln vs profit 168 mln
+      Avg shrs 217.6 mln vs 27.3 mln
+      Assets 33.14 billion vs 33.89 billion
+      Deposits 22.01 billion vs 19.86 billion
+      Loans 21.76 billion vs 22.70 billion
+      NOTE: Net includes loan loss provisions of 40 mln dlrs vs
+  48 mln dlrs in quarter and 748 mln dlrs vs 217 mln dlrs in nine
+  mths.
+      Net includes pretax gains on sale of securities of 11 mln
+  dlrs vs 29 mln dlrs in quarter and 13 mln dlrs vs 130 mln dlrs
+  in nine mths.
+  
+
diff --git a/reuters/test/20228 b/reuters/test/20228
new file mode 100644
index 0000000000000000000000000000000000000000..90a1d8bbf54e539664caefa0c6e3584c7d9d7b47
--- /dev/null
+++ b/reuters/test/20228
@@ -0,0 +1,14 @@
+MUSICLAND GROUP INC <TMG> 3RD QTR NET SEPT 25
+  Shr 28 cts vs 14 cts
+      Net 3,110,000 vs 1,286,000
+      Sales 112.7 mln vs 93.8 mln
+      Avg shrs 11.2 mln vs 9.1 mln
+      Nine Mths
+      Shr 58 cts vs 15 cts
+      Net 6,377,000 vs 1,332,000
+      Sales 307.8 mln vs 233.8 mln
+      Avg shrs 10.9 mln vs 9.1 mln
+      NOTE: Effective September 25, 1987, Primerica Corp <PA>
+  owned 81.4 pct of Musicland's common shares.
+  
+
diff --git a/reuters/test/20230 b/reuters/test/20230
new file mode 100644
index 0000000000000000000000000000000000000000..f3fd75e9e4899b14bda9aa5d9758ffae1fd1cf0a
--- /dev/null
+++ b/reuters/test/20230
@@ -0,0 +1,13 @@
+REAGAN SENDS INT'L RUBBER AGREEMENT TO SENATE
+  President Reagan sent the five-year
+  International Natural Rubber Agreement to the Senate for
+  approval.
+      Reagan said the accord is designed to stabilize rubber
+  prices without disturbing long-term market trends and to foster
+  expanded natural rubber supplies at reasonable prices.
+      It continues a buffer stock of not more than 550,000 tonnes
+  established by a 197agreement. This will be used to defend a
+  regularly adjusted price range and will be financed equally by
+  importing and exporting members of the agreement.
+  
+
diff --git a/reuters/test/20231 b/reuters/test/20231
new file mode 100644
index 0000000000000000000000000000000000000000..4ba78dc10381e0777a38a3aca396831efa9ceef1
--- /dev/null
+++ b/reuters/test/20231
@@ -0,0 +1,45 @@
+NO PRESSING NEED FOR SOVIET WHEAT SUBSIDY - LYNG
+  The Soviets have not indicated an
+  urgent need for a U.S. wheat subsidy offer, and it is unlikely
+  that such an offer will be ma during the U.S./Soviet summit
+  expected to be held next month, Agriculture Secretary Richard
+  Lyng told Reuters.
+      In an exclusive interview with Reuters, Lyng said he did
+  not know if the United States will offer Moscow another wheat
+  subsidy offer this year or when that offer will be made.
+      "Last year it was well into the year before we offered it.
+  There's been nothing that's taken place to indicate to me that
+  there's a pressing need on their part for that sort of deal (a
+  wheat subsidy)."
+      When asked if a subsidy would be offered at a U.S./Soviet
+  summit, Lyng said, "No, I don't think so. I don't think that."
+      The Agriculture Secretary said a U.S. wheat subsidy deal to
+  Moscow would not be the kind of topic appropriate for
+  discussion at a summit.
+      "It would not be the kind of issue that the President or the
+  Chairman would get into specific negotiations or discussions
+  about," Lyng said.
+      "When Mr. Nikonov (communist party secretary for
+  agriculture) was here ... he indicated that trade in wheat was
+  not something that would be discussed with the President of the
+  United States. He said it's not presidential," Lyng said.
+      Lyng said uncertainties about wheat quality in some major
+  producing areas of the world, volatile wheat prices and the
+  still unfinished Soviet grain harvest could delay any final
+  decision on the timing of another wheat subsidy to Moscow.
+      The future of the U.S./Soviet long-term grains agreement
+  will be discussed the first of next year, Lyng said, but the
+  Agriculture Secretary questioned the benefits of the
+  long-standing agreement.
+      "We've had three years in a row in which the Soviets have
+  failed to live up to their end of the agreement ... We would
+  love to continue to keep doing busines with the Soviet Union,
+  but do we need a long-term agreement. Who benefits from that.
+  These are some of the questions we need to discuss."
+      When asked if he felt the United States has benefitted from
+  the agreement, Lyng said, "I don't know. It certainly hasn't
+  been what we had hoped it would be. For three years running
+  they've (Moscow) failed to live up to what we considered was an
+  agreement."
+  
+
diff --git a/reuters/test/20232 b/reuters/test/20232
new file mode 100644
index 0000000000000000000000000000000000000000..8d78501aae3812479de2bbf593d058a6d331b8a3
--- /dev/null
+++ b/reuters/test/20232
@@ -0,0 +1,40 @@
+LYNG SAYS INDIA FOOD AID PACKAGE NOT READY
+  The United States and India have
+  not yet agreed on a food aid package to help the
+  drought-stricken Asian country, Agriculture Secretary Richard
+  Lyng said.
+      Lyng told Reuters in an interview that the two countries
+  have been discussing a package but that he did not expect the
+  specifics of the offer to be announced during Indian Prime
+  Minister Rajiv Gandhi's visit here this week.
+      "We have been talking about the potential needs that India
+  might have for both their commercial market and purchases needs
+  as well as the possibilities of assistance," Lyng said.
+      "At this point, there is no detailed plan or program. The
+  amounts of what commodities are uncertain. But we have
+  indicated to the Indians that we stand ready to assist in
+  whatever way they deem most valuable," he said.
+      There has been speculation in trade circles that USDA would
+  offer India subsidized vegetable oil under the export
+  enhancement program and donate surplus corn under Section 419
+  of an amended 1949 law.
+      Lyng indicated the two countries have been unable to agree
+  on the mix of concessional and commercial aid, and that
+  Washington would prefer the package include something other
+  than donated food.
+      "The Indians are capable of purchasing a lot, of taking care
+  of themselves. India is a country that has come a long way in
+  its ability to produce food and they have a great pride in
+  that," Lyng said.
+      "We (the United States) obviously, with the surpluses we
+  still have of many commodities..., would like to share in the
+  import business the Indians do, and then we have some, as we
+  always do, compassion for the people of India and would like to
+  cooperate with them," he said.
+      Lyng said he had no plans to meet with Indian officials
+  during Gandhi's visit here, adding, "I just don't know of
+  anything that might be announced specifically."
+      Asked if "the ball was in the Indians' court," he said, "Yes."
+      Gandhi is to leave Washington Tuesday evening.
+  
+
diff --git a/reuters/test/20233 b/reuters/test/20233
new file mode 100644
index 0000000000000000000000000000000000000000..afe5c393d52f94583742cfbcbb6930ad3d397495
--- /dev/null
+++ b/reuters/test/20233
@@ -0,0 +1,10 @@
+MELVILLE CORP <MES> 3RD QTR NET
+  Shr 95 cts vs 87 cts
+      Net 51.6 mln vs 47.3 mln
+      Revs 1.39 billion vs 1.26 billion
+      Nine mths
+      Shr 2.27 dlrs vs 1.93 dlrs
+      Net 123.5 mln vs 104.6 mln
+      Revs 3.92 billion vs 3.53 billion
+  
+
diff --git a/reuters/test/20234 b/reuters/test/20234
new file mode 100644
index 0000000000000000000000000000000000000000..4fc9b5961a847ec00a3daec7ece0020072b85707
--- /dev/null
+++ b/reuters/test/20234
@@ -0,0 +1,8 @@
+BOLT BERANEK AND NEWMAN INC <BBN> 1ST QTR NET
+  ended sept 30
+      Shr 22 cts vs 18 cts
+      Net 4,127,000 vs 3,177,000
+      Sales 70.2 mln vs 48.6 mln
+      NOTE: Share adjusted for July 1987 two-for-one stock split.
+  
+
diff --git a/reuters/test/20235 b/reuters/test/20235
new file mode 100644
index 0000000000000000000000000000000000000000..1b5637e2f0b27a3793a8ac9a4c556f5022da9990
--- /dev/null
+++ b/reuters/test/20235
@@ -0,0 +1,12 @@
+DOMINION RESOURCES INC <D> 3RD QTR NET
+  Shr 1.52 dlrs vs 1.37 dlrs
+      Net 144.5 mln vs 127.3 mln
+      Revs 909.8 mln vs 824.7 mln
+      Avg shrs 95.1 mln vs 92.9 mln
+      12 mths
+      Shr 4.62 dlrs vs 4.05 dlrs
+      Net 435.9 mln vs 372.1 mln
+      Revs 3.28 billion vs 2.94 billion
+      Avg shrs 94.3 mln vs 91.8 mln
+  
+
diff --git a/reuters/test/20237 b/reuters/test/20237
new file mode 100644
index 0000000000000000000000000000000000000000..9a2570025c892cc95a27f45b85fc10df48e4cf4f
--- /dev/null
+++ b/reuters/test/20237
@@ -0,0 +1,18 @@
+INTER-REGIONAL FINANCIAL<IFG> 3RD QTR OPER NET
+  Oper shr 30 cts vs 26 cts
+      Oper net 2,360,000 vs 2,018,000
+      Revs 74.4 mln vs 70.1 mln
+      Nine mths
+      Oper shr 92 cts vs 92 cts
+      Oper net 7,101,000 vs 7,116,000
+      Revs 218.8 mln vs 209.2 mln
+      NOTE: Earnings exclude a gain from utilization of tax loss
+  carryforwards of 978,000 dlrs, or 13 cts a share vs a loss of
+  4,967,000 dlrs, or 66 cts a share in the quarter and gains of
+  2,895,000 dlrs, or 37 cts a share vs 4,944,000 dlrs, or 64 cts
+  a share in the nine months
+      1986 earnings exclude losses from discontinued operations
+  of 9,000,000 dlrs, or 1.19 dlrs a share in the quarter and
+  387,000 dlrs, or five cts a share in the nine months
+  
+
diff --git a/reuters/test/20239 b/reuters/test/20239
new file mode 100644
index 0000000000000000000000000000000000000000..ce65598bf3ef264c640385b476ca1a80a115f9bc
--- /dev/null
+++ b/reuters/test/20239
@@ -0,0 +1,11 @@
+ALGERIA BUYS 75,000 TONNES EEP WHEAT - TRADE
+  Indications are that USDA accepted
+  Algeria's bid for 75,000 tonnes of hard red winter wheat, but
+  rejected bids for the remaining 225,000 tonnes under its export
+  bonus tender, U.S. exporters said.
+      USDA accepted Algeria's bid of 94.00 dlrs per tonne, c and
+  f, for 50,000 tonnes for Nov 10-25 shipment and 25,000 for Nov
+  20-Dec 10, the sources said. It rejected bids for wheat for
+  later shipment dates, they said.
+  
+
diff --git a/reuters/test/20241 b/reuters/test/20241
new file mode 100644
index 0000000000000000000000000000000000000000..00b71aa2d188b7abc2ec4b0ada6379b218bf94f1
--- /dev/null
+++ b/reuters/test/20241
@@ -0,0 +1,21 @@
+GTE CORP <GTE> 3RD QTR NET
+  Shr 86 cts vs 96 cts
+      Net 297 mln vs 325 mln
+      Revs 2.95 billion vs 2.86 billion
+      Nine mths
+      Shr 2.30 dlrs vs 2.74 dlrs
+      Net 785 mln vs 916 mln
+      Revs 11.3 billion vs 11.1 billion
+      NOTE: 1986 share results restated for 3-for-2 stock split
+  in January 1987
+     
+      1987 net in both periods includes business repositioning
+  gains of 16 mln dlrs, or five cts a share, and gains from early
+  retirement programs of 65 mln dlrs, or 20 cts a share
+      1987 nine months net also includes pre-tax charge of 175
+  mln dlrs for GTE's share of a special write-off at U.S. Sprint
+  which reduced after tax net by 104 mln dlrs, or 31 cts a share
+      1986 net in both periods includes business repositioning
+  gains of 32 mln dlrs, or 10 cts per share
+  
+
diff --git a/reuters/test/20247 b/reuters/test/20247
new file mode 100644
index 0000000000000000000000000000000000000000..21d1286e58eaeb7f39ad1b2e3f9f663723b8176a
--- /dev/null
+++ b/reuters/test/20247
@@ -0,0 +1,10 @@
+S. AFRICAN CONSUMER INFLATION FALLS IN SEPTEMBER
+  South African year-on-year consumer
+  price inflation in September fell to 15.5 pct from 16.3 pct in
+  August, Central Statistics Office figures show.
+      The monthly rise in the all items index (base 1980) was 1.3
+  pct to 273.4 in September after edging up to 270.0 in August.
+      A year ago the index stood at 236.7 and year-on-year
+  consumer price inflation at 19.7 pct.
+  
+
diff --git a/reuters/test/20248 b/reuters/test/20248
new file mode 100644
index 0000000000000000000000000000000000000000..2f218d9a943bad5ceaf333c821853e05c7116670
--- /dev/null
+++ b/reuters/test/20248
@@ -0,0 +1,3 @@
+20-OCT-1987
+  20-OCT-1987
+
diff --git a/reuters/test/20249 b/reuters/test/20249
new file mode 100644
index 0000000000000000000000000000000000000000..60b9e276c4b559d24b73364de6fe869adf4b1ba5
--- /dev/null
+++ b/reuters/test/20249
@@ -0,0 +1,10 @@
+U S WEST <USW> 3RD QTR NET
+  Shr 1.46 dlrs vs 1.41 dlrs
+      Net 277.5 mln vs 268.3 mln dlrs
+      Revs 2.13 billion vs 2.14 billion
+      Nine Mths
+      Shr 3.95 dlrs vs 3.78 dlrs
+      Net 750.5 mln vs 718.4 mln
+      Revs 6.28 billion vs 6.22 billion
+  
+
diff --git a/reuters/test/20251 b/reuters/test/20251
new file mode 100644
index 0000000000000000000000000000000000000000..e68266954c39232257782b3c254da48086afedb2
--- /dev/null
+++ b/reuters/test/20251
@@ -0,0 +1,6 @@
+KELSEY-HAYES CANADA LTD <KEL.TO> NINE MTHS NET
+  Shr 44 cts vs 1.23 dlrs
+      Net 2,889,010 vs 8,105,462
+      Sales 105.8 mln vs 119.6 mln
+  
+
diff --git a/reuters/test/20252 b/reuters/test/20252
new file mode 100644
index 0000000000000000000000000000000000000000..15e257516334be2f42ac6cecdf556fa4416a9ec9
--- /dev/null
+++ b/reuters/test/20252
@@ -0,0 +1,10 @@
+ROCKEFELLER CENTER PROPERTIES INC <RCP> 3RD QTR
+  Shr 30 cts vs 31 cts
+      Net 11.3 mln vs 11.7 mln
+      Revs 26.5 mln vs 26.3 mln
+      Nine mths
+      Shr 92 cts vs 95 cts
+      Net 34.3 mln vs 35.5 mln
+      Revs 78.8 mln vs 78.2 mln
+  
+
diff --git a/reuters/test/20255 b/reuters/test/20255
new file mode 100644
index 0000000000000000000000000000000000000000..733b43d76bc4f451a9028b2d68f1b3f48ed0eac7
--- /dev/null
+++ b/reuters/test/20255
@@ -0,0 +1,13 @@
+ARITECH CORP <ARIT.O> 3RD QTR OCT TWO
+  Shr 34 cts vs 33 cts
+      Net 1,031,000 vs 972,000
+      Revs 27.9 mln vs 26.9 mln
+      Nine mths
+      Shr 93 cts vs 76 cts
+      Net 2,802,000 vs 2,267,000
+      Revs 86.1 mln vs 77.7 mln
+      NOTE: 1987 3rd qtr and nine mths revs includes sales to ADT
+  Inc of 3.0 mln dlrs and 10.9 mln dlrs. 1986 3rd qtr and nine
+  mths includes sales of 3.5 mln dlrs and 10.7 mln dlrs.
+  
+
diff --git a/reuters/test/20256 b/reuters/test/20256
new file mode 100644
index 0000000000000000000000000000000000000000..d4c11c86220532fcd0ab501b62300091ec7be4d9
--- /dev/null
+++ b/reuters/test/20256
@@ -0,0 +1,13 @@
+SOUTHOLD SAVINGS BANK <SDSB.O> 3RD QTR NET
+  Shr 50 cts
+      Net 2,751,000 vs 2,094,000
+      Nine mths
+      Net 6,993,000 vs 5,577,000
+      Assets 603.1 mln vs 504.3 mln
+      Loans 448.5 mln vs 358.1 mln
+      Deposits 467.9 mln vs 447.7 mln
+      NOTE: Per share figures for 1986 and 1987 nine mths not
+  available as bank converted to stock form of company in April
+  1987.
+  
+
diff --git a/reuters/test/20257 b/reuters/test/20257
new file mode 100644
index 0000000000000000000000000000000000000000..3a537b31d3c278e660b8fb2e699fcf4a6bd84d32
--- /dev/null
+++ b/reuters/test/20257
@@ -0,0 +1,8 @@
+CONSTELLATION BANCORP <CSTL.O> 3RD QTR NET
+  Shr 78 cts vs 61 cts
+      Net 4,774,000 vs 3,683,000
+      Nine mths
+      Shr 2.14 dlrs vs 1.77 dlrs
+      Net 13.1 mln vs 10.7 mln
+  
+
diff --git a/reuters/test/20258 b/reuters/test/20258
new file mode 100644
index 0000000000000000000000000000000000000000..1742568b2b3d054d5eeacba602b6c2c6e09c0bc7
--- /dev/null
+++ b/reuters/test/20258
@@ -0,0 +1,7 @@
+SRI LANKA POSTPONES EEP WHEAT TENDER - TRADE
+  Sri Lanka has postponed until
+  November its tender for 75,000 tonnes of wheat under the export
+  bonus program, originally scheduled for today, U.S. exporters
+  said.
+  
+
diff --git a/reuters/test/20259 b/reuters/test/20259
new file mode 100644
index 0000000000000000000000000000000000000000..f46db60686cb6b7b798d1ae9a9178159eb8960ad
--- /dev/null
+++ b/reuters/test/20259
@@ -0,0 +1,62 @@
+LOUVRE REAFFIRMATION NOT ENOUGH - U.K. ANALYSTS
+  U.S. And West German reaffirmation of
+  support for the Louvre Accord cannot cure the fundamental
+  problems bedevilling the world economy which lie behind the
+  current collapse in stock markets, London economists said.
+      "There's going to have to be some acknowledgement that the
+  dollar is going to be allowed to slip," said Richard Jeffrey of
+  Hoare Govett. "If not, there is going to be continued fear that
+  when pressure emerges on the dollar, the Fed will be forced to
+  tighten. This throws up the economic abyss of recession in the
+  U.S. With obvious knock on effects on the rest of the world."
+      But some economists added that Wall Street's crash, which
+  dragged other major markets down with it, may help curb the
+  very problems that sparked the turmoil - namely world inflation
+  fears and the massive and persistent U.S. Trade deficits.
+      "If there is a benefit from a 23 pct fall in Wall Street
+  ...It's some sort of resistance to inflation worldwide," said
+  Geoffrey Dennis of brokers James Capel, echoing comments from
+  other London and Tokyo analysts.
+      Lower personal wealth from lower stock prices and fears of
+  further falls should dampen credit growth, curbing inflationary
+  pressures and import demand in the U.S., They say.
+      Such considerations may be helping bond markets resist the
+  equity crash, according to Mike Osborne of Kleinwort Grieveson.
+      "It would be suicidal for any government in the context of
+  what happened in the last couple of days to jack up their
+  interest rates," he added.
+      Stocks surged after news Chemical Bank cut its prime
+  lending rate half a point to 9.25 pct Tuesday and U.S. Fed
+  chairman Alan Greenspan pledged support for the financial
+  system.
+      The news eroded the most immediate fears that the stock
+  collapse would spill over into the economy, via a banking
+  crisis for example, thus precipitating recession.
+      It also helped the dollar rally sharply, to a high of
+  1.8200 marks from a European low of 1.7880. But economists said
+  today's whiplash moves do not have long term significance and
+  that markets should try to keep the underlying fundamentals in
+  mind.
+      "The United States has been able to live on borrowed time.
+  If the effect of this (crash) is to produce slower economic
+  growth not recession...It contains good news (and) provides a
+  more realistic assessment of the U.S. Economy," said Capel's
+  Dennis. But he added that markets are still very much in
+  danger.
+      "The liquidity doesn't disappear...All it's doing is
+  disappearing from the equity markets," Dennis noted.
+      David Morrison of Goldman Sachs International said world
+  market turbulence will be exacerbated if the Group of Seven
+  (G-7) leading western nations confirms a base for the dollar,
+  as implied by West German Finance Minister Gerhard
+  Stoltenberg's remarks that intervention to support currencies
+  is still on.
+      Last week's dollar fall was partly triggered by
+  expectations that the Germans were more worried about the money
+  supply impact of such intervention than maintaining currency
+  stability.
+      But rigid adherence to dollar ranges would be bad, said
+  Morrison. "The Louvre Accord is fundamentally misconceived. To
+  stabilise the dollar at too high a level is wrong," he said.
+  
+
diff --git a/reuters/test/20261 b/reuters/test/20261
new file mode 100644
index 0000000000000000000000000000000000000000..502a9e5ddd03f5ed329cc1dc79d707c0532a5b4d
--- /dev/null
+++ b/reuters/test/20261
@@ -0,0 +1,14 @@
+NEW CONTAINER CRANES ARRIVE AT TANZANIA PORT
+  Two large container cranes donated
+  by the Danish International Development Agency (DANIDA) have
+  arrived in Dar es Salaam where they will help to increase the
+  port's cargo handling capacity, port officials said.
+      The two new container cranes join one Danish container
+  crane already installed in the port, which is an important
+  trade outlet for Tanzania, Zambia, Malawi and eastern Zaire.
+      Five more cranes from Finland are due to arrive soon,
+  increasing the container terminal's handling capacity to
+  120,000 units per year from 30,000 at present, the officials
+  said.
+  
+
diff --git a/reuters/test/20262 b/reuters/test/20262
new file mode 100644
index 0000000000000000000000000000000000000000..c0846e21335dfdf5762adf8bfa0ec33e692b9c56
--- /dev/null
+++ b/reuters/test/20262
@@ -0,0 +1,70 @@
+U.K. CREDIT POLICY SEEN STEADY, DESPITE BANK DATA
+  An unexpectedly heavy 4.4 billion stg
+  surge in U.K. September sterling bank lending is unlikely to
+  nudge the Bank of England towards tightening monetary policy as
+  long as sterling remains in its present robust state,
+  economists said.
+      An acute crisis of confidence in equity markets over the
+  past two days will in any case subdue personal consumer credit
+  demand which has largely been behind growth in lending.
+      "In the normal course of events the markets would have been
+  extremely worried about that figure," noted Peter Spencer, U.K.
+  Economist with Credit Suisse First Boston.
+      After an initial dip in reaction to the bank lending data,
+  which compared won stg August rise, U.K.
+  Government bonds (gilts) soared as investors continued to flee
+  from plummetting equities into the relative security of
+  government securities.
+      Equity markets dropped sharply on the news, touching a
+  day's low of 1,766.7 on the FTSE 100 index after the data,
+  before staging a recovery. Sterling held its buoyant tone
+  throughout.
+      U.K. Money market rates, in a similarly calm response,
+  resumed the slightly easier trend of earlier in the morning
+  after little more than a token blip as the figures came out.
+      Noting that such a huge rise in credit extended by banks
+  would under other circumstances have prompted market fears of a
+  rise in clearing bank base rates from the current 10 pct, "With
+  the financial markets doing what they're doing, that's the last
+  thing the Bank of England would want to do," Spencer said.
+      "The monetary situation is clearly very bad but as long as
+  sterling is firm, the authorities are unlikely to put rates up,"
+  said Kevin Boakes, chief U.K. Economist at Greenwell Montagu
+  Gilt Edged. Boakes pointed to a rise in the narrow money
+  measure M0 to 5.2 pct year-on-year from August's 4.5 pct
+  growth, which he said must cause some concern at the Treasury.
+      But "The fact that overall broad money growth has slowed
+  down is a rather encouraging sign," noted Paul Temperton, U.K.
+  Economist with Merrill Lynch Capital Markets. He pointed to a
+  fall in the year-on-year growth rate of the M3 broad money
+  aggregate to 19.5 pct in September from August's 22 pct.
+      It was concern about credit growth which prompted the Bank
+  of England to engineer a one point rise in U.K. Bank base rates
+  to 10 pct in early August, caution endorsed subsequently by
+  news of a massive 4.9 billion stg July rise in bank lending.
+      Temperton noted that a particular focus of bank worry in
+  that period had been the behaviour of U.K. Asset markets.
+      Housing and equities were the key two asset markets in
+  influencing consumer behaviour, he said.
+      In the light of the precipitous falls on U.K. Equity
+  markets in the past few days, "There will almost certainly be a
+  straightforward impact on consumer spending and on retail
+  sales," Temperton said.
+      "Almost certainly we can look forward to slower growth in
+  consumer borrowing if the equity shakeout continues," he added.
+      "I think the stock market has decided that the bank lending
+  figure is a thing of the past...We are talking about a very
+  serious panic and a flight to quality," Spencer said.
+      A U.K. Treasury official said that it was important to look
+  at all the monetary information, not just the bank lending,
+  adding that monetary aggregates were growing much more slowly
+  than bank lending.
+      Senior banking sources noted that the surge in bank lending
+  was evidence of the continuing recent trend of fairly heavy
+  personal sector borrowing.
+      Figures from the Banking Information Service showed
+  personal sector lending by U.K. Clearing banks rose by 1.66
+  billion stg in September after a 978 mln stg August rise. Much
+  of the rise reflected quarterly interest payments.
+  
+
diff --git a/reuters/test/20263 b/reuters/test/20263
new file mode 100644
index 0000000000000000000000000000000000000000..3bddc420056882708413b4dadda5113d5aea22c8
--- /dev/null
+++ b/reuters/test/20263
@@ -0,0 +1,14 @@
+FED EXPECTED TO ADD RESERVES VIA CUSTOMER RPS
+  The Federal Reserve is expected to enter
+  the government securities market to add reserves via customer
+  repurchase agreements, economists said.
+      They expected the amount to total around 1.5 billion to two
+  billion dlrs.
+      Economists added that the low rate on federal funds
+  indicates the Fed is unlikely to add funds agressively through
+  overnight system repurchases, unless it feels the need to calm
+  volatile financial markets.
+      Federal funds were trading at 7-1/8 pct, down from
+  yesterday's average of 7.61 pct.
+  
+
diff --git a/reuters/test/20264 b/reuters/test/20264
new file mode 100644
index 0000000000000000000000000000000000000000..0567d17487bd92b5331740119bbac8ac5eb8284d
--- /dev/null
+++ b/reuters/test/20264
@@ -0,0 +1,29 @@
+TAIWAN FOREIGN EXCHANGE RESERVES HIT RECORD HIGH
+  Taiwan's foreign exchange reserves, bouyed
+  by rising exports, have hit a record high and are likely to
+  soar to 72 billion U.S. Dlrs by the year end, central bank
+  officials said Tuesday.
+      Central Bank Governor Chang Chi-cheng told reporters the
+  reserves totalled about 69 billion U.S. Dlrs, compared with
+  about 42 billion at the same time last year and 68 billion on
+  October 5. He declined to elaborate.
+      A senior bank official, who declined to be named, told
+  Reuters the reserves were likely to reach 72 billion dlrs at
+  the end of the year.
+      "The surge in reserves is the result of our trade surplus
+  and recent purchases of U.S. Dollars on the local interbank
+  market," Chang said.
+      Taiwan's trade surplus hit a record 14.95 billion U.S. Dlrs
+  in the first nine months of 1987 compared with 11.05 billion a
+  year earlier, official figures show.
+      Vice Economic Minister Wang Chien-hsien said the surplus
+  will rise to about 20 billion dlrs by the end of the year.
+  About 80 pct of the surplus will come from the island's trade
+  with the United States. 
+      Chien said Taiwan's trade will reach 80 billion U.S. Dlrs
+  this year compared with 63.96 billion last year.
+      Its exports are expected to total 50 billion and imports 30
+  billion against exports of 39.79 billion and imports of 24.17
+  billion last year.
+  
+
diff --git a/reuters/test/20265 b/reuters/test/20265
new file mode 100644
index 0000000000000000000000000000000000000000..3d397a437f73e29348c25a932080c3fffc4b7b69
--- /dev/null
+++ b/reuters/test/20265
@@ -0,0 +1,5 @@
+ Bank of France says it leaves intervention rate unchanged at 7-1/2 pct
+
+   Bank of France says it leaves intervention rate unchanged at 7-1/2 pct
+  
+
diff --git a/reuters/test/20266 b/reuters/test/20266
new file mode 100644
index 0000000000000000000000000000000000000000..d79bf1cdc3f97b25ea2185a7aa99c3dda83acbd4
--- /dev/null
+++ b/reuters/test/20266
@@ -0,0 +1,10 @@
+LOUISIANA-PACIFIC CORP <LPX> 3RD QTR NET
+  Shr 1.11 dlrs vs 59 cts
+      Net 42.6 mln vs 22.2 mln
+      Sales 531.8 mln vs 407.4 mln
+      Nine mths
+      Shr 2.45 dlrs vs 1.27 dlrs
+      Net 93.7 mln vs 48.1 mln
+      Sales 1.44 billion vs 1.12 billion
+  
+
diff --git a/reuters/test/20267 b/reuters/test/20267
new file mode 100644
index 0000000000000000000000000000000000000000..41dfb79461c4a8150470d54022b7a5af94948356
--- /dev/null
+++ b/reuters/test/20267
@@ -0,0 +1,16 @@
+SCRAP CREPE RUBBER PRICES FIRAT COLOMBO AUCTION
+  Scrap crepe prices firmed on good
+  shortcovering demand at the Colombo rubber auction, brokers
+  said.
+      One-X brown was traded at 19.75 rupees per kg, up 15 cents
+  from last rates while other grades also showed improvements.
+  The rise was attributed to a shortage of rubber available to
+  manufacture this type.
+      Latex crepe prices were unchanged with the best one-X
+  selling at 20.92 rupees. Crepe one was traded at 20.68 and
+  crepe two at 20.45 rupees.
+      Sheet was firm as in previous weeks with RSS1 averaging
+  22.05 rupees against 22 previously. The total quantity of
+  rubber offered at the sale was 320 tonnes.
+  
+
diff --git a/reuters/test/20269 b/reuters/test/20269
new file mode 100644
index 0000000000000000000000000000000000000000..ff97031d8710f17eacf8ab3b6e6600a6748efcc4
--- /dev/null
+++ b/reuters/test/20269
@@ -0,0 +1,10 @@
+OLIN CORP <OLN> 3RD QTR NET
+  Shr 64 cts vs 40 cts
+      Net 14.9 mln vs 8,600,000
+      Revs 468.5 mln vs 411.7 mln
+      Nine mths
+      Shr 2.64 dlrs vs 2.96 dlrs
+      Net 61.6 mln vs 67.0 mln
+      Revs 1.43 billion vs 1.32 billion
+  
+
diff --git a/reuters/test/20270 b/reuters/test/20270
new file mode 100644
index 0000000000000000000000000000000000000000..df4e0bb19e5edf834ecff5d57961627cf62bfe28
--- /dev/null
+++ b/reuters/test/20270
@@ -0,0 +1,49 @@
+NORWAY BOOSTS OIL OUTPUT BY 22 PCT IN SEPTEMBER
+  Norway's September oil output rose by 22.2
+  pct to 1.07 mln barrels per day (bpd) from 830,492 bpd in
+  August, according to a Reuter survey of firms operating here.
+      Operators said the sharp rise reflected higher output at
+  several of Norway's biggest fields and resumed production at
+  fields shut down for 27 days in August for the Ekofisk field
+  rescue project.
+      Industry analysts said the increase did not exceed Norway's
+  voluntary move to curb by 7.5 pct planned growth in its oil
+  output, a move designed to back OPEC-led efforts to stabilise
+  oil prices by limiting supplies to world crude markets.
+      Norway, not an OPEC member, decided in June to extend the
+  production restraints, enforced since February 1 1987, on all
+  its North Sea fields for the rest of the year.
+      Oil Minister Arne Oeien said last month he expected Norway
+  would extend into 1988 its policy of slowed production growth.
+      The biggest increase was seen on the Ekofisk field, which
+  pumped 168,023 bpd in September against 48,195 bpd in August,
+  field operator Phillips Petroleum Norway Inc said.
+      Ekofisk and the nearby Valhall and Ula fields, which use
+  the Ekofisk pipeline, were shut down for most of August while
+  Phillips raised Ekofisk platforms to counter seabed subsidence.
+      BP Petroleum Development Norway Ltd, operator of the Ula
+  field, said September output rose to 86,727 bpd after dropping
+  to 27,237 bpd in August because of the shutdown.
+      Valhall, operated by Amoco Norway A/S, flowed 74,694 bpd
+  last month compared with 69,748 bpd in August, the company
+  said.
+      September production was also sharply higher at the
+  Statfjord field. Norway's 84 pct share of Statfjord, which
+  extends into the British North Sea sector, was 611,138 bpd
+  against 552,646 bpd in August, operator Den Norske Stats
+  Oljeselskap A/S (Statoil) said.
+      Norway's 22.2 pct share of the Murchison field which, like
+  Statfjord, extends into the British sector, yielded 15,388 bpd
+  in September, a slight 920 bpd decrease from the previous
+  month, Norwegian partners on the British-operated field said.
+      Statoil boosted output at its Gullfaks field to 109,670 bpd
+  in September, compared with 100,188 in August.
+      Norsk Hydro, operator of the Oseberg field, said test
+  output at the field from the mobile production ship Petro Jarl
+  totalled 1,719 bpd last month, down sharply from 16,170 bpd in
+  August.
+      Hydro said the drop was caused by failure to bring on
+  stream a second well, cutting September production to just two
+  days.
+  
+
diff --git a/reuters/test/20273 b/reuters/test/20273
new file mode 100644
index 0000000000000000000000000000000000000000..34f8402cf9bb65e054af957b969abfe94c68392f
--- /dev/null
+++ b/reuters/test/20273
@@ -0,0 +1,11 @@
+BRISTOL-MYERS CO <BMY> 3RD QTR NET
+  Shr 70 cts vs 61 cts
+      Net 200.2 mln vs 173.9 mln
+      Sales 1.38 billion vs 1.26 billion
+      Nine mths
+      Shr 1.87 dlrs vs 1.54 dlrs
+      Net 535.6 mln vs 437.8 mln
+      Sales 4.04 billion vs 3.63 billion
+      NOTE: Share adjusted for two-for-one stock split.
+  
+
diff --git a/reuters/test/20274 b/reuters/test/20274
new file mode 100644
index 0000000000000000000000000000000000000000..1973b96e9245032f749f1e0e98359312fc94829b
--- /dev/null
+++ b/reuters/test/20274
@@ -0,0 +1,13 @@
+XYVISION INC <XYVI.O> 2ND QTR SEPTEMBER 26
+  Shr 14 cts vs 15 cts
+      Net 867,000 vs 956,000
+      Revs 9,203,000 vs 5,304,000
+      Six mths
+      Shr 18 cts vs 34 cts
+      Net 1,111,000 vs 1,747,000
+      Revs 16.7 mln vs 10.4 mln
+      NOTE: 1987 2nd qtr and six mths net includes 279,000 dlrs
+  and 432,000 dlrs for tax credits. 1986 2nd qtr and six mths net
+  includes 361,000 dlrs and 1,747,000 dlrs for tax credits.
+  
+
diff --git a/reuters/test/20275 b/reuters/test/20275
new file mode 100644
index 0000000000000000000000000000000000000000..77566ba5861363d58e3ceeae17fa0543a92b8b3a
--- /dev/null
+++ b/reuters/test/20275
@@ -0,0 +1,5 @@
+FIRST REPUBLIC BANK DALLAS CUTS PRIME RATE TO 9.25 PCT FROM 9.75 PCT, EFFECTIVE TODAY
+
+  FIRST REPUBLIC BANK DALLAS CUTS PRIME RATE TO 9.25 PCT FROM 9.75 PCT, EFFECTIVE TODAY
+  
+
diff --git a/reuters/test/20278 b/reuters/test/20278
new file mode 100644
index 0000000000000000000000000000000000000000..304a94ae7e9fd7e4affb61332cc20ef7deb63d46
--- /dev/null
+++ b/reuters/test/20278
@@ -0,0 +1,10 @@
+PERKINS FAMILY RESTAURANTS LP <PFR> 3RD QTR
+  Shr 30 cts vs 12 cts
+      Net 3,059,000 vs 1,258,000
+      Revs 36.2 mln vs 29.1 mln
+      Nine mths
+      Shr 67 cts vs 24 cts
+      Net 6,855,000 vs 2,442,000
+      Revs 100.9 mln vs 77.8 mln
+  
+
diff --git a/reuters/test/20279 b/reuters/test/20279
new file mode 100644
index 0000000000000000000000000000000000000000..b93082500a039198c2addec328963ff4444d1645
--- /dev/null
+++ b/reuters/test/20279
@@ -0,0 +1,15 @@
+FIRST AMERICAN BANK FOR SAVINGS <FAMB.O> 3RD QTR
+  Shr 35 cts vs 30 cts
+      Net 3,997,000 vs 3,442,000
+      Nine mths
+      Shr 1.04 dlrs vs not given
+      Net 12.0 mln vs 8,161,000
+      NOTE: Company went public in July 1986.
+      Net includes loan loss provisions of 500,000 dlrs vs
+  105,000 dlrs in quarter and 1,100,000 dlrs vs 105,000 dlrs in
+  nine mths.
+      Net includes pretax gains on sale of assets of 162,000 dlrs
+  vs 400,000 dlrs in quarter and 877,000 dlrs vs 1,229,000 dlrs
+  in nine mths.
+  
+
diff --git a/reuters/test/20284 b/reuters/test/20284
new file mode 100644
index 0000000000000000000000000000000000000000..f5b1a57ac89ea2d41ea9497d02f065469a029ed1
--- /dev/null
+++ b/reuters/test/20284
@@ -0,0 +1,10 @@
+ARKANSAS BEST CORP <ABZ> 3RD QTR NET
+  Shr diluted 31 cts vs 60 cts
+      Net 3,276,776 vs 6,846,367
+      Revs 187.7 mln vs 181.3 mln
+      Nine mths
+      Shr diluted 52 cts vs 1.51 dlrs
+      Net 5,301,876 vs 16.4 mln
+      Revs 535.7 mln vs 513.0 mln
+  
+
diff --git a/reuters/test/20286 b/reuters/test/20286
new file mode 100644
index 0000000000000000000000000000000000000000..530831715d828433ef265a951d807ad3e3c361cb
--- /dev/null
+++ b/reuters/test/20286
@@ -0,0 +1,16 @@
+FIREMAN'S FUND CORP <FFC> 3RD QTR NET
+  Shr 3.71 dlrs vs 95 cts
+      Net 233.8 mln vs 62.8 mln
+      Revs 997.8 mln vs 938.0 mln
+      Nine mths
+      Shr 5.06 dlrs vs 2.24 dlrs
+      Net 327.2 mln vs 148.0 mln
+      Revs 3.00 billion vs 2.70 billion
+       NOTE: Realized investment gains net of taxes for 1987 3rd
+  qtr and nine mths were 147.0 mln dlrs and 271.0 mln dlrs,
+  respectively. Realized investment gains for 1986 3rd qtr and
+  nine mths were 18.6 mln dlrs and 33.6 mln dlrs, respectively.
+      Company repurchased 1.2 mln shares of its stock during the
+  1987 3rd qtr.
+  
+
diff --git a/reuters/test/20291 b/reuters/test/20291
new file mode 100644
index 0000000000000000000000000000000000000000..16e58ebb8ae85586d2e836917833b3942e81fb28
--- /dev/null
+++ b/reuters/test/20291
@@ -0,0 +1,18 @@
+E.F. HUTTON GROUP INC <EFH> 3RD QTR NET
+  Shr 26 cts vs 11 cts
+      Net 8,700,000 vs 3,600,000
+      Revs 988.9 mln vs 674.5 mln
+      Nine mths
+      Shr 3.65 dlrs vs 1.38 dlrs
+      Net 120.6 mln vs 43.6 mln
+      Revs 2.7 billion vs 2.1 billion
+     
+      NOTE: Net for 1987 includes 4.4 mln from discontinued
+  opers, 51.6 mln after tax gain on sale of E.F. Hutton Insurance
+  Group, and 36.6 mln on extraordinary gains from utiliazation of
+  loss carryforward.
+      Net in 1986 included 10.8 mln from discontinued opers and
+  an extraordinary credit of 5.2 mln from utilization of loss
+  carryforwards.
+  
+
diff --git a/reuters/test/20297 b/reuters/test/20297
new file mode 100644
index 0000000000000000000000000000000000000000..340e8104b87ebf6d9a1dd2cc2e0a95bd7bbcdb24
--- /dev/null
+++ b/reuters/test/20297
@@ -0,0 +1,5 @@
+BASTIAN TECHNOLOGIES SAYS IT HAS FIVE PCT OF COSMO COMMUNICATIONS, MAY SEEK CONTROL
+
+  BASTIAN TECHNOLOGIES SAYS IT HAS FIVE PCT OF COSMO COMMUNICATIONS, MAY SEEK CONTROL
+  
+
diff --git a/reuters/test/20298 b/reuters/test/20298
new file mode 100644
index 0000000000000000000000000000000000000000..5be39a742cd3da4643a7884c7fb1ce8fed4d9f6b
--- /dev/null
+++ b/reuters/test/20298
@@ -0,0 +1,12 @@
+SERVICE CORP <SRV> DUMPS CAPITAL SOUTHWEST STAKE
+  Service Corp International said its
+  Investment Capital Corp unit sold its entire 14.8 pct stake in
+  Capital Southwest Corp <CSWC.O> common stock, and no longer
+  holds any Capital Southwest shares.
+      In a filing with the Securities and Exchange Commission,
+  Investment Capital said it sold 280,000 shares of Capital
+  Southwest common stock since September 21 at 19.56 dlrs to
+  21.50 dlrs a share.
+      No reason was given for the recent sales.
+  
+
diff --git a/reuters/test/20299 b/reuters/test/20299
new file mode 100644
index 0000000000000000000000000000000000000000..c6c93f88f1d718078c8b82d9239cc54bb3773003
--- /dev/null
+++ b/reuters/test/20299
@@ -0,0 +1,12 @@
+MANUFACTURERS HANOVER CORP <MHC> 3RD QTR NET
+  shr profit 2.73 dlrs vs 2.29 dlrs
+      net 129.1 mln vs 105.8 mln
+      nine mths
+      shr loss 28.33 dlrs vs profit 6.42 dlrs
+      net loss 1.16 billion vs profit 301.8 mln
+      NOTE: 3rd qtr includes previously reported gain of 55.0 mln
+  dlrs, or 29.4 mln after-tax, by capturing excess pension funds.
+      Nine mths include 1.7 billion dlr addition to loan loss
+  reserves in 2nd qtr, mostly for shaky LDC debts.
+  
+
diff --git a/reuters/test/20300 b/reuters/test/20300
new file mode 100644
index 0000000000000000000000000000000000000000..b79d89853e74410e8ed721269a27dd104d73fb26
--- /dev/null
+++ b/reuters/test/20300
@@ -0,0 +1,20 @@
+COCA COLA ENTERPRISES INC <CCE> 3RD QTR NET
+  Shr 23 cts vs 23 cts
+      Net 31.9 mln vs 15.7 mln
+      Revs 876.9 mln vs 401.2 mln
+      Avg shrs 140.1 mln vs 68.6 mln
+      Nine mths
+      Shr 53 cts vs 42 cts
+      Net 74.0 mln vs 28.9 mln
+      Revs 2.55 billion vs 1.17 billion
+      Avg shrs 140.1 mln vs 68.6 mln
+      NOTE: Results include acquired bottling companies from
+  dates of acquisition.
+      On pro forma basis, as if all acquisitions had been in
+  place from the start of the period, company earned 5,704,000
+  dlrs or four cts per share on 140.0 mln shares outstanding with
+  revenues of 826.2 mln dlrs for quarter and earned 14.1 mln dlrs
+  or 10 cts per share on same number of shares and revenues of
+  2.41 billion dlrs for nine mths.
+  
+
diff --git a/reuters/test/20302 b/reuters/test/20302
new file mode 100644
index 0000000000000000000000000000000000000000..639fdc41a633a0c21c92942f6d6dc72747405d94
--- /dev/null
+++ b/reuters/test/20302
@@ -0,0 +1,10 @@
+BALL CORP <BLL> 3RD QTR NET
+  Shr 80 cts vs 72 cts
+      Net 18,900,000 vs 17,100,000
+      Sales 267.4 mln vs 288.6 mln
+      Nine mths
+      Shr 2.26 dlrs vs 2.04 dlrs
+      Net 53,600,000 vs 48,200,000
+      Sales 839.3 mln vs 836.3 mln
+  
+
diff --git a/reuters/test/20304 b/reuters/test/20304
new file mode 100644
index 0000000000000000000000000000000000000000..ce5923d5a71b0a3ecb237205b660afcea00c33a5
--- /dev/null
+++ b/reuters/test/20304
@@ -0,0 +1,25 @@
+BANKERS TRUST <BT> 3RD QTR NET
+  Shr 2.03 dlrs vs 1.53 dlrs
+      Net 146.4 mln vs 110.3 mln
+      Nine months
+      shr loss 3.99 dlrs vs profit 4.62 dlrs
+      net loss 283.3 mln vs profit 330.5 mln
+      Avg shrs 71.08 mln vs 69.26 mln
+      Assets 56.9 billion vs 50.7 billion
+      Deposits 30.4 billion vs 25.9 billion
+      Loans 26.3 billion vs 25.7 billion
+      Note : Nine month loss reflects 700 mln dlr increase in
+  loan loss provisions.
+      Without the tax benefit, third-quarter net income would
+  have been 127.6 mln dlrs, up 16 pct or 17.4 mln dlrs from the
+  third quarter of 1986.
+      Non-interest income totaled 342.6 mln dlrs in the third
+  quarter, up 47 pct or 109.7 mln dlrs, largely due to increased
+  income from foreign exchange trading, fees and commissions.
+      Foreign exchange trading income totaled 71.3 mln dlrs, up
+  44.3 mln from a year ago. Provision for loan losses in the
+  third quarter was 20 mln dlrs versis 40 mln a year previously.
+      At September 30, the provision for loan losses jumped to
+  1.30 billion dlrs from 455 mln at the same time last year.
+  
+
diff --git a/reuters/test/20306 b/reuters/test/20306
new file mode 100644
index 0000000000000000000000000000000000000000..9a4c51e6bd91ee05e2a5fc155deacfbf10fe9021
--- /dev/null
+++ b/reuters/test/20306
@@ -0,0 +1,5 @@
+TRANS WORLD AIRLINES SAID CARL ICAHN WITHDRAWS ACQUISITION OFFER
+
+  TRANS WORLD AIRLINES SAID CARL ICAHN WITHDRAWS ACQUISITION OFFER
+  
+
diff --git a/reuters/test/20308 b/reuters/test/20308
new file mode 100644
index 0000000000000000000000000000000000000000..a3681a718930a0d3311414ab4ec24a6582975033
--- /dev/null
+++ b/reuters/test/20308
@@ -0,0 +1,17 @@
+U.S. TELECOMMUNICATIONS INC <UT> 3RD QTR NET
+  Shr profit 23 cts vs profit 49 cts
+      Net profit 24.1 mln vs profit 49.6 mln
+      Revs 755.4 mln vs 708.3 mln
+      Nine mths
+      Shr loss 84 cts vs profit 1.53 dlrs
+      Net loss 80.7 mln vs profit 152.3 mln
+      Revs 1.19 billion vs 2.32 billion
+      NOTE: Per shr reflects payment of preferred dividends.
+      Results include loss of 7,435,000 or eight cts shr in prior
+  nine mths from discontinued operations.
+      Latest nine month results include one-time charge of 1.09
+  dlrs share relating to US Sprint.
+      Revenues exclude those for US Sprint, a joint venture with
+  GTE Corp <GTE>.
+  
+
diff --git a/reuters/test/20309 b/reuters/test/20309
new file mode 100644
index 0000000000000000000000000000000000000000..34f8402cf9bb65e054af957b969abfe94c68392f
--- /dev/null
+++ b/reuters/test/20309
@@ -0,0 +1,11 @@
+BRISTOL-MYERS CO <BMY> 3RD QTR NET
+  Shr 70 cts vs 61 cts
+      Net 200.2 mln vs 173.9 mln
+      Sales 1.38 billion vs 1.26 billion
+      Nine mths
+      Shr 1.87 dlrs vs 1.54 dlrs
+      Net 535.6 mln vs 437.8 mln
+      Sales 4.04 billion vs 3.63 billion
+      NOTE: Share adjusted for two-for-one stock split.
+  
+
diff --git a/reuters/test/20310 b/reuters/test/20310
new file mode 100644
index 0000000000000000000000000000000000000000..4da6a93cf3e2b578de29abe59c687341291dfff1
--- /dev/null
+++ b/reuters/test/20310
@@ -0,0 +1,6 @@
+GANDER MOUNTAIN INC <GNDR.O> 1ST QTR SEPT 30 NET
+  Shr 25 cts vs 19 cts
+      Net 687,000 vs 514,000
+      Sales 20.7 mln vs 13.2 mln
+  
+
diff --git a/reuters/test/20311 b/reuters/test/20311
new file mode 100644
index 0000000000000000000000000000000000000000..0aeb6a7fc4ca9f2ab96a2ed72137552ef35549b5
--- /dev/null
+++ b/reuters/test/20311
@@ -0,0 +1,25 @@
+BASTIAN TECHNOLOGIES MULLING COSMO <CSMO.O> BID
+  New York-based Bastian Technologies
+  Corp said it acquired a five pct stake in Cosmo Communications
+  Corp, and is considering a move to seek control of the company
+  or to secure a role in its affairs.
+      "Bastian Technologies believes that with the appropriate
+  management policies and business strategies, the company can
+  once again become profitable and maximize for all shareholders
+  the underlying value of their company," Bastian said in a
+  filing with the Securities and Exchange Commission.
+      Bastian said alternatives being considered include an
+  attempt to acquire Cosmo through a merger, tender or exchange
+  offer, seeking to influence the company's management and
+  policies, and seeking representation on Cosmo's board of
+  directors through a proxy contest or otherwise.
+      Bastian said it may contact third parties regarding its
+  intentions toward Cosmo, adding it intends to request a meeting
+  with Cosmo representatives to discuss its investment in Cosmo
+  stock.
+      Bastian currently holds 253,700 Cosmo common shares, or
+  five pct of the total outstanding.
+      The shares were purchased from Nasta International Inc
+  <NAS> on October 16 for about 1.15 mln dlrs, Bastia said.
+  
+
diff --git a/reuters/test/20314 b/reuters/test/20314
new file mode 100644
index 0000000000000000000000000000000000000000..85faad8b30d3142304aae0ba84cf91fd97b17044
--- /dev/null
+++ b/reuters/test/20314
@@ -0,0 +1,10 @@
+SNAP-ON TOOLS CORP <SNA> 3RD QTR NET
+  Shr 53 cts vs 38 cts
+      Net 22,249,000 vs 15,356,000
+      Sales 189.1 mln vs 166.5 mln
+      Nine mths
+      Shr 1.56 dlrs vs 1.21 dlrs
+      Net 64,707,000 vs 49,603,000
+      Sales 559.2 mln vs 492.4 mln
+  
+
diff --git a/reuters/test/20318 b/reuters/test/20318
new file mode 100644
index 0000000000000000000000000000000000000000..5a3db85f5e3ab49151d883537c1e046fce3cf211
--- /dev/null
+++ b/reuters/test/20318
@@ -0,0 +1,5 @@
+BETHLEHEM STEEL SAYS IT IS RAISING STEEL SHEET PRICES BY UP TO 30 DLRS/short ton
+
+  BETHLEHEM STEEL SAYS IT IS RAISING STEEL SHEET PRICES BY UP TO 30 DLRS/short ton
+  
+
diff --git a/reuters/test/20319 b/reuters/test/20319
new file mode 100644
index 0000000000000000000000000000000000000000..6774dda3ca2f7519e2257b2cae347fa645a5cab6
--- /dev/null
+++ b/reuters/test/20319
@@ -0,0 +1,19 @@
+NYCOR INC <NYCO.O> 3RD QTR NET
+  Shr loss two cts vs profit two cts
+      Net profit 253,000 vs profit 356,000
+      Revs 17.5 mln vs 12.3 mln
+      Nine mths
+      Shr profit one cent vs profit 21 cts
+      Net profit 628,000 vs profit 2,921,000
+      Revs 54.9 mln vs 36.0 mln
+      NOTE: 1987 qtr and nine mths includes gain 106,000 dlrs, or
+  one cent per share, and 846,000 dlrs, or six cts per share,
+  respectively, from utilization of tax loss carryforward.
+     
+      1986 qtr and nine mths includes gain 178,000 dlrs, or one
+  cent per share, and gain 810,000 dlrs, or six cts per share,
+  respectively, from utilization of tax loss carryforward.
+      1987 nine mths includes loss 1,519,000 dlrs,  or 11 cts per
+  share, from early extinguishment of debt.
+  
+
diff --git a/reuters/test/20321 b/reuters/test/20321
new file mode 100644
index 0000000000000000000000000000000000000000..a65b575b4f8423f154516b0a7abd3140604bf73d
--- /dev/null
+++ b/reuters/test/20321
@@ -0,0 +1,13 @@
+ICAHN DROPS BID FOR TWA <TWA>
+  Trans World Airlines Inc said chairman
+  Carl C. Icahn has withdrawn his proposal to acquire the TWA
+  shares he does not already own due to the deterioration in
+  market conditions.
+      Under the proposal Icahn would have paid for each TWA share
+  20 dlrs in cash and 25 dlrs face amount of 12 pct subordinated
+  debentures due 2007.
+      TWA said Icahn reserves the right to make a subsequent
+  proposal at some future date on the same terms or different
+  terms.
+  
+
diff --git a/reuters/test/20324 b/reuters/test/20324
new file mode 100644
index 0000000000000000000000000000000000000000..72cdd4e8603e50bce00de9212756744cc2e3d54a
--- /dev/null
+++ b/reuters/test/20324
@@ -0,0 +1,21 @@
+AMERICAN SAVINGS BANK FSB <ABNY.O> 3RD QTR NET
+  Shr primary 1.79 dlrs vs 1.72 dlrs
+      Shr diluted 1.39 dlrs vs 1.34 dlrs
+      Net 12.1 mln vs 11.7 mln
+      Nine mths
+      Shr primary 5.56 dlrs vs 4.41 dlrs
+      Shr diluted 4.30 dlrs vs 3.74 dlrs
+      Net 37.3 mln vs 29.1 mln
+      Assets 3.92 billion vs 3.83 billion
+      Loans 3.05 billion vs 2.99 billion
+     
+      NOTE: 1987 qtr and nine mths includes gain 6,016,000 dlrs
+  and 18.7 mln dlrs, respectively, from utilization of net
+  operating loss carryforward.
+      1986 qtr and nine mths includes gain 6,233,000 dlrs and
+  15.5 mln dlrs, respectively, from utilization of net operating
+  loss carryforward.
+      Full name of company is american savings bank fsb of new
+  york.
+  
+
diff --git a/reuters/test/20328 b/reuters/test/20328
new file mode 100644
index 0000000000000000000000000000000000000000..c84fa28958fa8a22710c260d8a21e141a748365a
--- /dev/null
+++ b/reuters/test/20328
@@ -0,0 +1,7 @@
+A/W BRANDS <SODA.O> COMPLETES ACQUISITION
+  A and W Brands Inc said it
+  completed the acquisition of Vernors Inc from United Brands Co
+  <UB> in a cash and stock transaction worth valued at about 10
+  mln dlrs
+  
+
diff --git a/reuters/test/20332 b/reuters/test/20332
new file mode 100644
index 0000000000000000000000000000000000000000..50af8e379ea825a8d81a11e4e3a1c2601f670fd0
--- /dev/null
+++ b/reuters/test/20332
@@ -0,0 +1,15 @@
+WASHINGTON POST CO <WPO> 3RD QTR NET
+  Shr 4.77 dlrs vs 1.65 dlrs
+      Net 61.3 mln vs 21.1 mln
+      Revs 312.9 mln vs 291.5 mln
+      Nine mths
+      Shr 9.51 dlrs vs 4.98 dlrs
+      Net 122.3 mln vs 63.9 mln
+      Revs 950.4 mln vs 881.8 mln
+      NOTE: 1987 net in both periods includes gains of 24.2 mln
+  dlrs, or 1.88 dlrs a share, from sale of interest in Detroit
+  Cellular telephone company and 6.1 mln dlrs, or 47 cts a share,
+  from sale of interest in sportschannel Cable programing
+  network.
+  
+
diff --git a/reuters/test/20333 b/reuters/test/20333
new file mode 100644
index 0000000000000000000000000000000000000000..0b9e52c32a218d4f4911210dce51e80efde44333
--- /dev/null
+++ b/reuters/test/20333
@@ -0,0 +1,25 @@
+IRAN LEADER VOWS REVENGE ON US RAID IN COMING DAYS
+  Iran's top war spokesman Ali Akbar
+  Hashemi Rafsanjani on Tuesday called the U.S. Attacks on two of
+  its Gulf oil platforms an escalation and promised retaliation.
+      "God willing, we will carry out our duty in the coming days
+  and make them sorry," said Rafsanjani in a speech to Parliament
+  later broadcast by Tehran Radio.
+      The Tehran leadership have been quick to threaten vengeance
+  after the U.S. Raids on the rigs, one of which was destroyed.
+      President Ali Khamenei, Prime Minister Mir-Hossein Mousavi
+  and now Rafsanjani within 24 hours of the U.S. Action have all
+  vowed retaliation.
+      Rafsanjani, the parliamentary speaker, said, "It is not a
+  threat or an attempt at intimidation when we say we will
+  respond to aggression -- it is a reality and we have proved it
+  in practice." He added that the American attack "squares neither
+  with its superpower image nor its claim of concern with
+  security, nor reason and wisdom."
+      U.S. Warships shelled an Iranian offshore oil platform and
+  American special forces boarded another, destroying equipment.
+      The U.S. Government said the attack was a measured response
+  to an Iranian missile attack on the American-flagged Kuwaiti
+  tanker Sea Isle City in Kuwaiti waters last Friday.
+  
+
diff --git a/reuters/test/20334 b/reuters/test/20334
new file mode 100644
index 0000000000000000000000000000000000000000..f341dd9f0c4ab1264ec477130637ae7ea6fd1159
--- /dev/null
+++ b/reuters/test/20334
@@ -0,0 +1,11 @@
+BANC ONE CORP <ONE> 3RD QTR NET
+  Shr 66 cts vs 57 cts
+      Net 64.0 mln vs 52.9 mln
+      Nine mths
+      Shr 1.49 dlrs vs 1.64 dlrs
+      Net 142.2 mln vs 153.3 mln
+      Assets 18.04 billion vs 16.63 billion
+      Deposits 13.97 billion vs 12.78 billion
+      Loans 12.54 billion vs 10.81 billion
+  
+
diff --git a/reuters/test/20335 b/reuters/test/20335
new file mode 100644
index 0000000000000000000000000000000000000000..955e69126f01fca96181306817196fd79d6512e0
--- /dev/null
+++ b/reuters/test/20335
@@ -0,0 +1,43 @@
+LYNG PLEASED EC TO OFFER GATT FARM PROPOSAL
+  U.S. Agriculture Secretary Richard
+  Lyng said he is pleased the European Community plans to offer a
+  global farm reform plan at GATT later this month, although the
+  United States opposes key parts of the proposal.
+      "We're pleased that they have moved in tabling a proposal.
+  It will help us in getting the negotiations underway," Lyng
+  told Reuters in an interview Tuesday.
+      Lyng's comment came after EC ministers in Luxembourg
+  endorsed a farm reform package drafted by the EC Commission.
+  The EC plan will be presented at the next meeting of Uruguay
+  round agriculture negotiators in Geneva on October 26.
+      Lyng said the United States would oppose parts of the plan
+  seeking a market sharing agreement for grains, and proposing
+  curbs on U.S. soybean and cereal substitute exports to Europe.
+      The U.S. in July proposed to GATT the elimination of all
+  farm subsidies affecting trade within ten years, and has
+  pressed the EC to make a counter-offer with the aim of reaching
+  a global farm subsidy agreement by the end of 1988.
+      However, the EC and some U.S. domestic groups have said the
+  Reagan administration plan to end all farm trade subsidies is
+  unrealistic.
+      Asked about such criticism, Lyng said "The alternative to
+  doing that is to say that we preserve them and maintain them. I
+  think that is the unrealistic position."
+      "I would suggest that they (EC) listen to what we are
+  trying to say."
+      Lyng also rejected suggestions the U.S. and EC agree a
+  freeze in export subsidies to get the GATT negotiations 
+  started.
+      "All that some countries would like to have would be a
+  wheat agreement where we would stop export subsidies on wheat.
+  That doesn't do a thing for us," Lyng said.
+      The United States wants an end to subsidies in a range of
+  agricultural products from dairy products to vegetable oils, he
+  said.
+      At the GATT negotiators meeting next week Canada is
+  expected to offer a proposal as well as the EC.
+      The United States will be represented at the meeting by
+  former agriculture undersecretary Daniel Amstutz, recently
+  appointed special U.S. negotiator on agriculture.
+  
+
diff --git a/reuters/test/20337 b/reuters/test/20337
new file mode 100644
index 0000000000000000000000000000000000000000..47adaabee7785b72c5185ad18cd5e677c6e79a6f
--- /dev/null
+++ b/reuters/test/20337
@@ -0,0 +1,10 @@
+WARNER COMMUNICATIONS INC <WCI> 3RD QTR NET
+  Shr 41 cts vs 28 cts
+      Net 66.2 mln vs 41.8 mln
+      Revs 824.1 mln vs 693.3 mln
+      Nine mths
+      Shr 1.50 dlrs vs 87 cts
+      Net 236.1 mln vs 123.8 mln
+      Revs 2.38 billion vs 2.02 billion
+  
+
diff --git a/reuters/test/20339 b/reuters/test/20339
new file mode 100644
index 0000000000000000000000000000000000000000..760e44d54e36750a8bc0e0734a7c00a980606429
--- /dev/null
+++ b/reuters/test/20339
@@ -0,0 +1,13 @@
+ARISTECH CHEMICAL CORP <ARS> 3RD QTR NET
+  Shr 72 cts vs 56 cts
+      Qtly div 18 cts vs 18 cts prior
+      Net 18.7 mln vs 14.4 mln
+      Revs 239.7 mln vs 187.1 mln
+      Nine mths
+      Shr 1.87 dlrs vs 1.26 dlrs
+      Net 48.3 mln vs 32.5 mln
+      Revs 676.9 mln vs 574.8 mln
+      NOTE: Dividend payable December 1 to shareholders of record
+  October 30.
+  
+
diff --git a/reuters/test/20340 b/reuters/test/20340
new file mode 100644
index 0000000000000000000000000000000000000000..b367566e75c58986fdaad273a4eff9a62b8435bb
--- /dev/null
+++ b/reuters/test/20340
@@ -0,0 +1,16 @@
+APPLE BANK FOR SAVINGS <APPL.O> 3RD QTR NET
+  Shr 1.54 dlrs vs 1.27 dlrs
+      Net 7,065,000 vs 5,812,000
+      Nine mths
+      Shr 4.25 dlrs vs 3.40 dlrs
+      Net 19.5 mln vs 15.6 mln
+      Assets 2.84 billion vs 1.87 billion
+      Deposits 2.51 billion vs 1.67 billion
+     
+      NOTE: 1987 qtr and nine mths includes gain 2,500,000 dlrs,
+  or 54 cts per share, from utilization of tax loss carryforward.
+      1986 qtr and nine mths includes gain 2,158,000 dlrs, or 47
+  cts per share, and 5,567,000 dlrs, or 1.22 dlrs per shr,
+  respectively, from utilization of tax loss carryforward.
+  
+
diff --git a/reuters/test/20341 b/reuters/test/20341
new file mode 100644
index 0000000000000000000000000000000000000000..92459c4b5a5463690fec33d368c9ff307a3cd894
--- /dev/null
+++ b/reuters/test/20341
@@ -0,0 +1,23 @@
+BETHLEHEM STEEL <BS> SETS STEEL PRICE INCREASES
+  Bethlehem Steel Corp said prices
+  for steel sheet products will be increased up to 30 dlrs a ton
+  effective January 3.
+      The increases will affect certain non-contract or spot
+  transactions and will be achieved through reductions in
+  competitive discounts.
+      The company said transaction prices for contract accounts,
+  which have a duration of six months or more, will also be
+  increased to commensurate levels.
+      Percentage increases were not immediately available.
+      Prices for flat-rolled steel sheet, used in automobiles,
+  appliances and other products, vary widely between about 350
+  and 800 dlrs a ton.
+      The company said it was taking the actions to restore sheet
+  transaction prices to more equitable levels. In many cases,
+  prices are still lower than those attained in 1984, it said.
+      Bethlehem also said that in response to changing market
+  conditions and potential inflationary pressures, efforts will
+  be made to mininize the number and the duration of firm price
+  contracts.
+  
+
diff --git a/reuters/test/20343 b/reuters/test/20343
new file mode 100644
index 0000000000000000000000000000000000000000..45be6c1cb3c551cab21e56105ec096e34d3963ef
--- /dev/null
+++ b/reuters/test/20343
@@ -0,0 +1,5 @@
+FED SAYS IT SETS TWO-DAY SYSTEM REPURCHASE AGEEMENTS
+
+  FED SAYS IT SETS TWO-DAY SYSTEM REPURCHASE AGEEMENTS
+  
+
diff --git a/reuters/test/20344 b/reuters/test/20344
new file mode 100644
index 0000000000000000000000000000000000000000..f3d5076aca50da906f3b57b7e31faaf597912d67
--- /dev/null
+++ b/reuters/test/20344
@@ -0,0 +1,14 @@
+KELLOGG CO <K> 3RD QTR NET
+  Shr 96 cts vs 83 cts
+      Net 119.3 mln vs 102.8 mln
+      Revs 1.01 billion vs 869.9 mln
+      Nine mths
+      Shr 2.53 dlrs vs 2.01 dlrs
+      Net 313.6 mln vs 248.5 mln
+      Revs 2.83 billion vs 2.52 billion
+      NOTE: 1986 nine month earnings include nonrecurring loss of
+  9.9 mln dlrs, or eight cents a share, from purchase of 123.7
+  mln dlrs principal amount of the company's 150 mln dlr 12-1/4
+  pct debentures due February 15, 2015.
+  
+
diff --git a/reuters/test/20347 b/reuters/test/20347
new file mode 100644
index 0000000000000000000000000000000000000000..9f52dfb47621d1fa563201106631ae370964b402
--- /dev/null
+++ b/reuters/test/20347
@@ -0,0 +1,5 @@
+ Poehl says chances for exchange rate stability are good
+
+   Poehl says chances for exchange rate stability are good
+  
+
diff --git a/reuters/test/20348 b/reuters/test/20348
new file mode 100644
index 0000000000000000000000000000000000000000..2c7a057be80b2f01f08eb5fb34a0895e20ff7997
--- /dev/null
+++ b/reuters/test/20348
@@ -0,0 +1,13 @@
+BALLADUR HAS HAD CONTACT WITH G-7 MINISTERS
+  French Finance Minister Edouard Balladur
+  has been in contact with several Finance Ministers from the
+  Group of Seven leading industrial countries, in particular West
+  German Finance Minister Gerhard Stoltenberg, to discuss the
+  crisis on world markets, Finance Ministry sources said.
+      They did not say whether the contacts had led to concerted
+  action on the markets or merely an exchange of views.
+      But they added that French ministry officials were
+  continuing the contacts to exchange views on market
+  performance.
+  
+
diff --git a/reuters/test/20352 b/reuters/test/20352
new file mode 100644
index 0000000000000000000000000000000000000000..a16004f438de00c9affc521f74d1b98f63158f7e
--- /dev/null
+++ b/reuters/test/20352
@@ -0,0 +1,12 @@
+LASMO CANADA TO MERGE WITH ONYX PETROLEUM
+  LASMO Exploration (Canada) Ltd, a
+  subsidiary of London & Scottish Marine Oil Plc <LSML.L>, is
+  merging with <Onyx Petroleum Exploration Co Ltd>, LASMO said.
+      The merger is to be made by Onyx buying LASMO Exploration,
+  in a share swap. A new company, LASMO Canada Inc, will be
+  formed. LASMO will control 70 pct of the equity, worth some 76
+  mln Canadian dlrs based on the current Onyx share price.
+      The new company will have proven reserves of 9.5 mln
+  barrels of oil and 20.9 billion cubic feet of gas, LASMO said.
+  
+
diff --git a/reuters/test/20353 b/reuters/test/20353
new file mode 100644
index 0000000000000000000000000000000000000000..ad94fdce8df2ccc9786ab5b4c1291c8cd29c0c6e
--- /dev/null
+++ b/reuters/test/20353
@@ -0,0 +1,10 @@
+REGAL-BELOIT CORP <RBC> 3RD QTR NET
+  Shr 31 cts vs 26 cts
+      Net 1,858,000 vs 1,388,000
+      Sales 27.1 mln vs 18.7 mln
+      Nine mths
+      Shr 87 cts vs 76 cts
+      Net 5,126,000 vs 3,798,000
+      Sales 70.6 mln vs 57.2 mln
+  
+
diff --git a/reuters/test/20357 b/reuters/test/20357
new file mode 100644
index 0000000000000000000000000000000000000000..e986a8de7bc01c974d720e920e73bc9d7c7deba0
--- /dev/null
+++ b/reuters/test/20357
@@ -0,0 +1,10 @@
+BURNDY CORP <BDC> 3RD QTR OCT 2 NET
+  Shr 21 cts vs 19 cts
+      Net 2,560,000 vs 2,359,000
+      Revs 70.0 mln vs 56.0 mln
+      Nine mths
+      Shr 54 cts vs 42 cts
+      Net 6,574,000 vs 5,100,000
+      Revs 207.7 mln vs 174.0 mln
+  
+
diff --git a/reuters/test/20358 b/reuters/test/20358
new file mode 100644
index 0000000000000000000000000000000000000000..d3cdefd58bd954ff55830fd669681d5fa052ad4c
--- /dev/null
+++ b/reuters/test/20358
@@ -0,0 +1,12 @@
+FIRST FLORIDA BANKS <FFBK> 3RD QTR NET
+  Shr 72 cts vs 74 cts
+      Net 11.9 mln vs 11.9 mln
+      Nine mths
+      Shr 2.18 dlrs vs 2.18 dlrs
+      Net 35.0 mln vs 34.6 mln
+      Assets 4.6 billion vs 4.3 billlion
+      Loans 3.1 billion vs 2.8 billion
+      NOTE: 1986 3rd qtr includes securities after tax gain of
+  1,519,000 dlrs or 10 cts a share.
+  
+
diff --git a/reuters/test/20363 b/reuters/test/20363
new file mode 100644
index 0000000000000000000000000000000000000000..30a64984cba3fbf432a7903c0d15bf158d373d23
--- /dev/null
+++ b/reuters/test/20363
@@ -0,0 +1,32 @@
+J.W. MAYS INC <MAYS.O> 4TH QTR JULY 31 NET
+  Shr profit seven cts vs profit 32 cts
+      Net profit 154,398 vs profit 694,521
+      Revs 17.7 mln vs 19.5 mln
+      Year
+      Shr profit 86 cts vs loss 50 cts
+      Net profit 1,862,986 vs loss 1,078,535
+      Revs 78.2 mln vs 81.4 mln
+      NOTE: 1987 year results include extraordinary credit of
+  459,000 dlrs or 21 cts per shr due to utilization of tax loss
+  carryforward.
+     
+      Fiscal 1987 nonrecurring income items totaled 4,322,342 vs
+  1,393,187 in 1986.
+      Qtr 1987 includes 446,000 dlrs or 20 cts per shr
+  extraordinary charge due to duction in utilization of tax
+  loss carryforward.
+      Nonrecurring income items totaled 2,564 in three mths
+  1987 vs 1,211,196 in three mths 1986.
+      Nonrecurring income for year 1987 included pretax gain of
+  4,307,180 dlrs on sale of company's leasehold of Glen Oaks
+  store on Dec 16, 1986.
+     
+      The company discontinued operations in that unit on Jan.
+  17, 1987.
+      Nonrecurring income for three and 12 months 1986 included 
+  575,000 for settlement of litigation and a gain of 618,719 dlrs
+  on surrender of leaseholds.
+      The 12 month period also included refund of prior year's
+  real estate tadxes of 136,964.
+  
+
diff --git a/reuters/test/20364 b/reuters/test/20364
new file mode 100644
index 0000000000000000000000000000000000000000..60f647de545c00470f047aa2b3974075aa9ada33
--- /dev/null
+++ b/reuters/test/20364
@@ -0,0 +1,8 @@
+ALLIANCE FINANCIAL CORP <ALFL.O> 3RD QTR NET
+  Shr 45 cts vs 61 cts
+      Net 504,000 vs 683,000
+      Nine mths
+      Shr 1.83 dlrs vs 2.42 dlrs
+      Net 2,043,000 vs 2,183,000
+  
+
diff --git a/reuters/test/20365 b/reuters/test/20365
new file mode 100644
index 0000000000000000000000000000000000000000..cdfe351ec304bef64a9aed4e296715658844cbea
--- /dev/null
+++ b/reuters/test/20365
@@ -0,0 +1,9 @@
+METROPOLITAN FEDERAL <MFTN.O> 1ST QTR NET
+  Qtr ended September 30.
+      Shr 83 cts vs 75 cts
+      Net 3,053,000 vs 2,775,000
+      Assets 1.2 billion vs 1.0 billion
+      Deposits 851.8 mln vs 754.1 mln
+      Loans 912.5 mln vs 798.1 mln
+  
+
diff --git a/reuters/test/20366 b/reuters/test/20366
new file mode 100644
index 0000000000000000000000000000000000000000..772542fa960370180c259685ac03fa9e89561754
--- /dev/null
+++ b/reuters/test/20366
@@ -0,0 +1,8 @@
+RUMORS THAT USSR BUYS U.S. CORN - TRADERS
+  Rumors circulated among the trade
+  this morning that the USSR may have purchased between one and
+  two mln tonnes of U.S. corn, but there was no confirmation.
+      One dealer said he felt some business had been done, but
+  that the amount probably was on the low end of trade estimates.
+  
+
diff --git a/reuters/test/20367 b/reuters/test/20367
new file mode 100644
index 0000000000000000000000000000000000000000..ea2cd9a3e5759e6b4840eb7eae93839e86839535
--- /dev/null
+++ b/reuters/test/20367
@@ -0,0 +1,7 @@
+ALTOS COMPUTER SYSTEMS <ALTO.O> 1ST QTR NET
+  Period ended September 30.
+      Shr 17 cts vs 10 cts
+      Net 2.2 mln vs 1.3 mln
+      Sales 40.6 mln vs 32.6 mln
+  
+
diff --git a/reuters/test/20368 b/reuters/test/20368
new file mode 100644
index 0000000000000000000000000000000000000000..30e9e21cf8a4bcc6a409919d7daf9f7e010ab8dc
--- /dev/null
+++ b/reuters/test/20368
@@ -0,0 +1,10 @@
+JANNOCK LTD <JN.TO> 3RD QTR NET
+  Shr 65 cts vs 47 cts
+      Net 17.7 mln vs 11.9 mln
+      Revs 131.9 mln vs 128.4 mln
+      Nine mths
+      Shr 1.77 dlrs vs 1.02 dlrs
+      Net 49.0 mln vs 27.0 mln
+      Revs 341.7 mln vs 269.5 mln
+  
+
diff --git a/reuters/test/20370 b/reuters/test/20370
new file mode 100644
index 0000000000000000000000000000000000000000..301ea91130079e55e9af944afb5ee8b42453a343
--- /dev/null
+++ b/reuters/test/20370
@@ -0,0 +1,13 @@
+YELLOW FREIGHT SYSTEM <YELL.O> 3RD QTR NET
+  Shr 40 cts vs 75 cts
+      Qtly div 15-1/2 cts vs 15-1/2 cts prior
+      Net 11.7 mln vs 21.4 mln
+      Revs 447.5 mln vs 445.2 mln
+      Nine mths
+      Shr 1.04 dlrs vs 1.99 dlrs
+      Net 29.9 mln vs 56.8 mln
+      Revs 1.30 billion vs 1.28 billion
+      NOTE: Full name is Yellow Freight System Inc. Dividend is
+  payable November 23, record November 9.
+  
+
diff --git a/reuters/test/20371 b/reuters/test/20371
new file mode 100644
index 0000000000000000000000000000000000000000..4d8cd29b7dfbe0c278d158ea7c366b649ce47810
--- /dev/null
+++ b/reuters/test/20371
@@ -0,0 +1,9 @@
+RALEIGH FEDERAL SAVINGS BANK <RFBK.O> 3RD QTR
+  Shr 38 cts
+      Net 1.3 mln vs 668,000
+      Nine mths
+      Shr 84 cts
+      Net 2,892,000 vs 2,200,000
+      NOTE: Company converted to stock ownership in July
+  
+
diff --git a/reuters/test/20372 b/reuters/test/20372
new file mode 100644
index 0000000000000000000000000000000000000000..50652b904b181ae2c8dd8ec1a5e7ad04222927e0
--- /dev/null
+++ b/reuters/test/20372
@@ -0,0 +1,10 @@
+FLORIDA EMPLOYERS INSURANCE <FLAEF.O> 3RD QTR
+  Shr 32 cts vs 26 cts
+      Net 722,000 vs 597,000
+      Nine mths
+      Shr 92 cts vs 69 cts
+      Net 2,100,000 vs 1,500,000
+      NOTE: full name of company is florida employers insurance
+  co.
+  
+
diff --git a/reuters/test/20373 b/reuters/test/20373
new file mode 100644
index 0000000000000000000000000000000000000000..9c36c096b01b66fa98dd5ccaba3ab868c687eede
--- /dev/null
+++ b/reuters/test/20373
@@ -0,0 +1,9 @@
+FIRST OAK BROOK <FOBBA.O> 3RD QTR NET
+  Shr 61 cts vs 55 cts
+      Net 726,000 vs 669,000
+      Nine mths
+      Shr 1.78 dlrs vs 1.63 dlrs
+      Net 2,133,000 vs 1,960,000
+      NOTE: Full name is First Oak Brook Bancshares Inc
+  
+
diff --git a/reuters/test/20374 b/reuters/test/20374
new file mode 100644
index 0000000000000000000000000000000000000000..68dab05609592ffe8ae2f9d742b1e5e908abf468
--- /dev/null
+++ b/reuters/test/20374
@@ -0,0 +1,8 @@
+UNITED SERVICE ADVISORS INC <USVSP.O> 1ST QTR
+  Qtr ends Sept 30
+      Shr profit seven cts vs loss two cts
+      Net profit 228,691 vs loss 54,115
+      Revs 2,415,419 vs 1,389,579
+      Avg shrs 3,056,787 vs 2,933,058
+  
+
diff --git a/reuters/test/20376 b/reuters/test/20376
new file mode 100644
index 0000000000000000000000000000000000000000..c392b9a645fa04b926497f88db6784cc31e1096b
--- /dev/null
+++ b/reuters/test/20376
@@ -0,0 +1,10 @@
+WOLOHAN LUMBER CO <WLHN.O> 3RD QTR NET
+  Shr 46 cts vs 33 cts
+      Net 2,731,000 vs 1,928,000
+      Sales 66.2 mln vs 58.8 mln
+      Nine mths
+      Shr seven cts vs 61 cts
+      Net 6,310,000 vs 3,579,000
+      Sales 171.8 mln vs 141.9 mln
+  
+
diff --git a/reuters/test/20377 b/reuters/test/20377
new file mode 100644
index 0000000000000000000000000000000000000000..ad23cac009667ac99731062aff141b88fca9b4ee
--- /dev/null
+++ b/reuters/test/20377
@@ -0,0 +1,7 @@
+POEHL SEES GOOD CHANCES FOR CURRENCY STABILITY
+  Bundesbank president Karl Otto Poehl
+  said there were good chances for exchange rate stability.
+      "The chances for exchange rate stability are good," he told
+  reporters.
+  
+
diff --git a/reuters/test/20378 b/reuters/test/20378
new file mode 100644
index 0000000000000000000000000000000000000000..19fcd04bfd4296c3b1525a7f7c3e8ba5158e7eef
--- /dev/null
+++ b/reuters/test/20378
@@ -0,0 +1,13 @@
+TAUNTON SAVINGS BANK <TSBK.O> 3RD QTR NET
+  Shr 37 cts vs 41 cts
+      Net 1,214,000 vs 1,316,000
+      Nine mths
+      Shr 1.06 dlrs
+      Net 3,408,000 vs 2,809,000
+      Assets 204.8 mln vs 176.6 mln
+      Deposit 154.0 mln vs 131.2 mln
+      Loans 125.3 mln vs 100.7 mln
+      NOTE: 1986 nine mths per share figures not available
+  because bank converted to stock form in June of 1986.
+  
+
diff --git a/reuters/test/20379 b/reuters/test/20379
new file mode 100644
index 0000000000000000000000000000000000000000..0a8a5792844b6feaff5695a9eb8e91558a666874
--- /dev/null
+++ b/reuters/test/20379
@@ -0,0 +1,21 @@
+GORDON TO MAKE BID TO ACQUIRE PAGECORP <PGOA.TO>
+  <Gordon Investment Corp> said it plans to
+  make an offer to acquire all of Pagecorp Inc's class A and
+  Class B shares for 9.25 dlrs cash per share.
+      The bid is conditional upon an examination by Gordon of the
+  business and affairs of Pagecorp during the 45 days ending
+  December 3, 1987.
+      The proposed offer would be condition upon ainimum number
+  of shares being tendered, Gordon said. It did not say what the
+  minimum will be.
+     
+      Meanwhile, Pagecorp said it agreed to grant Gordon an
+  option to purchaser 900,000 class A shares at 9.25 dlrs per
+  share, which is exercisable only if Gordon makes the
+  acquisition bid before December 4, 1987 or if any third party
+  begins a takeover before December 31, 1987.
+      Pagecorp also said all Class B shareholders have agreed to
+  deposit their class B shares, if Gordon proceeds with its
+  offer.
+  
+
diff --git a/reuters/test/20380 b/reuters/test/20380
new file mode 100644
index 0000000000000000000000000000000000000000..c15fd87b5bc2bd84b21a1588c30dbe5393f02a98
--- /dev/null
+++ b/reuters/test/20380
@@ -0,0 +1,12 @@
+TRILLIUM TELEPHONE <TLM.TO> 2ND QTR NET
+  Shr profit seven cts vs loss 1.77 dlrs
+      Net profit 446,000 vs loss 9,370,000
+      Revs 15.0 mln vs 13.3 mln
+      Six mths
+      Shr profit eight cts vs loss 1.87 dlrs
+      Net profit 523,000 vs loss 9,883,000
+      Revs 27.1 mln vs 27.1 mln
+      Avg shrs 5,324,464 vs 5,324,350
+      Note: Trillium Telephone Systems Inc
+  
+
diff --git a/reuters/test/20381 b/reuters/test/20381
new file mode 100644
index 0000000000000000000000000000000000000000..dd5ff12249f68d9b59a56349bdf2c59c641bacc8
--- /dev/null
+++ b/reuters/test/20381
@@ -0,0 +1,6 @@
+TRANS-NATIONAL LEASING INC <TNLS.O> YEAR LOSS
+  Shr loss 39 cts vs profit 19 cts
+      Net loss 433,424 vs profit 216,117
+      Revs 6,469,001 vs 8,221,549
+  
+
diff --git a/reuters/test/20382 b/reuters/test/20382
new file mode 100644
index 0000000000000000000000000000000000000000..4f330face7518a4f605c7a95a96c41775c99141a
--- /dev/null
+++ b/reuters/test/20382
@@ -0,0 +1,34 @@
+IBC SEEKS EXPORT DETAILS TO SET COFFEE QUOTAS
+  The Brazilian Coffee Institute
+  (IBC) has given shippers until close of business on Thursday to
+  submit details of past export performance in order that
+  individual quotas can be allocated, an IBC spokesman said.
+      He told Reuters IBC President Jorio Dauster has confirmed
+  acceptance of National Coffee Policy Council (CNPC) proposals
+  to establish individual export quotas based 65 pct on export
+  performance, 25 pct on stocks and 10 pct by auction.
+      Shippers can choose their best period of 12 consecutive
+  months between April 1, 1985, and September 30, 1987, to be
+  used for calculating the export performace portion.
+      The IBC will total all the figures, calculate each shippers
+  participation and use this as a basis for allocation of
+  individual quotas, the IBC spokesman said.
+      He said the IBC has already settled with the Sao Paulo
+  Mercantile Exchange how the auction system will operate.
+  Shippers can bid a premium over the contribution quota payable
+  on coffee exports and the succesful bidder will add this
+  premium to the contribution quota when he submits his export
+  sales declaration form.
+      Auctions will not start until after the opening of export
+  registrations. The spokesman could not say when this might be
+  but trade sources said an announcement could come at the end of
+  the week, opening registraions from Monday.
+      A meeting has been set for tomorrow in Brasilia of the
+  CNPC's export marketing committee to establish a system for
+  allocating the 25 pct of export quotas based on stock levels,
+  the spokesman added.
+      A system of individual export quotas is being reestablished
+  in Brazil - a previous system was abandoned in 1985 - to ensure
+  shipments are kept in line with the country's ICO quota.
+  
+
diff --git a/reuters/test/20384 b/reuters/test/20384
new file mode 100644
index 0000000000000000000000000000000000000000..3d079e0e47f1e2e1c4e72a8c56b27803b6068d40
--- /dev/null
+++ b/reuters/test/20384
@@ -0,0 +1,17 @@
+ELMIRA SAVINGS BANK FSB <ESBK.O> 3RD QTR NET
+  Shr 55 cts vs 75 cts
+      Net 218,000 vs 269,000
+      Nine mths
+      Shr 2.15 dlrs vs 3.45 dlrs
+      Net 855,000 vs 920,000
+      Assets 175.8 mln vs 166.9 mln
+      Deposits 159.8 mln vs 154.3 mln
+      Loans 155.7 mln vs 142.6 mln
+     
+      NOTE: 1987 nine mths includes gain 96,000 dlrs, or 24 cts
+  per share, from utilization of operating loss carryforward.
+      1986 qtr and nine mths includes gain 128,000 dlrs, or 36
+  cts per share, and 445,000 dlrs, or 1.67 dlrs per share, from
+  utilization of operation loss carryforward.
+  
+
diff --git a/reuters/test/20385 b/reuters/test/20385
new file mode 100644
index 0000000000000000000000000000000000000000..cd30b6f8d6d4667266bf0e592a9339a4bdb53d5e
--- /dev/null
+++ b/reuters/test/20385
@@ -0,0 +1,13 @@
+GOLDEN VALLEY MICROWAVE <GVMF.O> 3RD QTR NET
+  Period ended September 26
+      Shr 28 cts vs 14 cts
+      Net 3,300,000 vs 1,300,000
+      Sales 24.7 mln vs 11.2 mln
+      Avg shrs 11,871,751 vs 9,398,952
+      Nine mths
+      Shr 76 cts vs 35 cts
+      Net 9,000,000 vs 3,200,000
+      Sales 69.3 mln vs 32.0 mln
+      Avg shrs 11,833,883 vs 9,059,692
+  
+
diff --git a/reuters/test/20386 b/reuters/test/20386
new file mode 100644
index 0000000000000000000000000000000000000000..22ff2689071f97cf866bbdd540844350ed0f8620
--- /dev/null
+++ b/reuters/test/20386
@@ -0,0 +1,11 @@
+HOME FEDERAL SAVINGS/ROCKIES <HROK.O> 3RD QTR
+  Shr 77 cts vs nil
+      Net 417,000 vs 1,000
+      Nine mths
+      Shr 2.39 dlrs vs 84 cts
+      Net 1,298,000 vs 443,000
+      Assets 290.7 mln vs 296.6 mln
+      NOTE: full name of company is home federal savings and loan
+  association of the rockies.
+  
+
diff --git a/reuters/test/20388 b/reuters/test/20388
new file mode 100644
index 0000000000000000000000000000000000000000..c40c57c3ee52e63a54452eaa35d08571845aef88
--- /dev/null
+++ b/reuters/test/20388
@@ -0,0 +1,8 @@
+WESTPORT BANCORP INC <WBAT.O> 3RD QTR NET
+  Shr 19 cts vs 38 cts
+      Net 397,000 vs 788,000
+      Nine mths
+      Shr 80 cts vs 1.19 dlrs
+      Net 1,674,000 vs 2,455,000
+  
+
diff --git a/reuters/test/20389 b/reuters/test/20389
new file mode 100644
index 0000000000000000000000000000000000000000..14f61c79b8ba3318be11e4a8ce781fc24b37229c
--- /dev/null
+++ b/reuters/test/20389
@@ -0,0 +1,29 @@
+COPA URGES TAX ON VEGETABLE PROTEINS
+  The European Community's farmers'
+  pressure group Copa has urged EC farm ministers to agree a tax
+  on vegetable proteins similar to the oils and marine fats tax
+  which has already been proposed by the EC Commission.
+      Copa president Hans Kjeldsen told a news conference on
+  Tuesday he had also urged ministers to seek a similar mechanism
+  for cereal substitutes.
+      He was speaking after a meeting of farm leaders with the
+  Danish foreign and agriculture ministers, who currently chair
+  meetings of their EC colleagues.
+      Kjeldsen said taxes on the products concerned would help
+  the EC's budget problems and would provide some price stability
+  for producers.
+      This would in turn help the market position for certain
+  crops of which the EC is a net importer such as oilseeds, peas
+  and beans, but for which the Commission is now proposing severe
+  output restrictions.
+      A minority of EC ministers opposed to an oils and fats tax
+  on imported and domestically produced oils and marine fats
+  succeeded in blocking the idea during this year's annual EC
+  price fixing.
+      However, the EC Commission has said it maintains its
+  proposals for a tax.
+      Kjeldsen said Copa had urged the ministers to pursue
+  international negotiations on farm trade with the aim of
+  bridging the gap between EC and world prices.
+  
+
diff --git a/reuters/test/20391 b/reuters/test/20391
new file mode 100644
index 0000000000000000000000000000000000000000..deffa6de583c463d6cbf64b8c2c4e3f1252fa98b
--- /dev/null
+++ b/reuters/test/20391
@@ -0,0 +1,12 @@
+OHIO EDISON CO <OEC> 3RD QTR NET
+  Shr 60 cts vs 57 cts
+      Net 103.7 mln vs 96.5 mln
+      Revs 472.5 mln vs 434.1 mln
+      Avg shrs 152.3 mln vs 147.0 mln
+      12 mths
+      Shr 2.60 dlrs vs 2.44 dlrs
+      Net 393.1 mln vs 347.1 mln
+      Revs 1.79 billion vs 1.76 billion
+      Avg shrs 150.9 mln vs 142.2 mln
+  
+
diff --git a/reuters/test/20392 b/reuters/test/20392
new file mode 100644
index 0000000000000000000000000000000000000000..193920f115138cdf2b5ac1434786a711fcaf1517
--- /dev/null
+++ b/reuters/test/20392
@@ -0,0 +1,23 @@
+NEW YORK STATE ELECTRIC/GAS CORP <NGE> 3RD QTR
+  Oper shr 71 cts vs 78 cts
+      Oper net 42.9 mln vs 46.6 mln
+      Revs 294.0 mln vs 274.9 mln
+      Avg shrs 55.5 mln vs 54.0 mln
+      Nine mths
+      Oper shr 2.88 dlrs vs 3.07 dlrs
+      Oper net 169.2 mln vs 181.5 mln
+      Revs 993.4 mln vs 961.4 mln
+      Avg shrs 55.2 mln vs 54.0 mln
+      12 mths
+      Oper shr 3.67 dlrs vs 3.76 dlrs
+      Oper net 216.2 mln vs 224.4 mln
+      Revs 1.31 billion vs 1.26 billion
+      Avg shrs 54.9 mln vs 53.9 mln
+      NOTE: 1987 nine month and 12 month operating net excludes
+  charges of 269 mln dlrs and 25 mln dlrs reflecting disallowed
+  costs of utility's 18 pct share of Nine Mile Point Number two
+  nuclear power plant and the abandoned Jamesport nuclear
+  project, respectively. The charges resulted in nine month share
+  loss of 2.44 dlrs and 12 month share loss of 1.68 dlrs.
+  
+
diff --git a/reuters/test/20393 b/reuters/test/20393
new file mode 100644
index 0000000000000000000000000000000000000000..e68111922dc9e891f06209851caf38ff49b4799a
--- /dev/null
+++ b/reuters/test/20393
@@ -0,0 +1,21 @@
+CITICORP <CCI> 3RD QTR NET
+  Shr profit 3.64 dlrs vs profit 1.64 dlrs
+      Net profit 541 mln vs profit 247 mln
+      Nine mths
+      Shr loss 13.30 dlrs vs profit 5.11 dlrs
+      Net loss 1.78 billion vs profit 752 mln
+      NOTE: Net in nine mths 1987 vs 1986 includes provision for
+  possible credit losses of 4.19 billion vs 1.32 billion.
+      Net in qtr 1987 vs 1986 includes provision for possible
+  crit losses of 320 mln vs 431 mln.
+      Assets 200 billion vs 186 billion
+      Loans 129.3 billion vs 122.3 billion
+      Deposits 118.1 billion vs 111.0 billion
+      3rd qtr 1987 reflects previously announced aftertax gain of
+  163 mln from recognition of pension plan over funding and 139
+  mln of tax benefits from the three billion provision.
+      Net write offs in qtr 1987 vs 1986 totaled 338 mln vs 342
+  mln and in year to date 1987 vs 1986 of 1.06 billion vs 988
+  mln.
+  
+
diff --git a/reuters/test/20395 b/reuters/test/20395
new file mode 100644
index 0000000000000000000000000000000000000000..de7aede83c71afb6a9f81c0090f90cf49c760093
--- /dev/null
+++ b/reuters/test/20395
@@ -0,0 +1,13 @@
+COLEMAN CO INC <CLN> 3RD QTR NET
+  Shr 42 cts vs 34 cts
+      Net 2,945,000 vs 2,400,000
+      Sales 146.8 mln vs 117.2 mln
+      Nine mths
+      Shr 2.45 dlrs vs 2.35 dlrs
+      Net 17,280,000 vs 16,366,000
+      Sales 465.6 mln vs 387.8 mln
+      Avg shrs 7,046,000 vs 6,961,000
+      NOTE: 1986 data restated for changes in method of
+  accounting for pensions
+  
+
diff --git a/reuters/test/20396 b/reuters/test/20396
new file mode 100644
index 0000000000000000000000000000000000000000..a6f44c8b61d1ffed2fb250e32e11b88fcbf77f61
--- /dev/null
+++ b/reuters/test/20396
@@ -0,0 +1,25 @@
+JACOBS SELLS STAKE IN GILLETTE <GS>
+  Minneapolis investor Irwin Jacobs said he
+  sold the stake he held in Gillette Co <GS> after deciding that
+  he could not force Gillette to accept a 47 dlr a share takeover
+  bid made by Revlon Group Inc <REV>.
+      Revlon's bid expired last week after being repeatedly
+  rejected by Gillette. Jacobs had earlier considered waging a
+  proxy fight over Gillette.
+      Jacobs told Reuters he sold the Gillette stake, which he
+  called "substantial" but under five pct, a few weeks ago over a
+  period of several days. He said he sold the stock at a profit,
+  but did not disclose the selling price.
+      Gillette's stock was at 24-1/8, up 1/8, in morning trade,
+  off the high of 45-7/8 reached after Revlon announced its bid.
+      Jacobs said he sold his Gillette stake based on an
+  "investment decision. I surely did not see this happening," he
+  said of Monday's stock market free-fall.
+      A Gillette spokesman said the mpany had no comment.
+      Jacobs said he and fellow investor Carl Pohlad continue to
+  hold a stake in Allegheny International Inc <AG>. In August
+  they disclosed in a Securities and Exchange Commission filing
+  that they had acquired 854,900 shares, or 7.9 pct, of Allegheny
+  and would consideer seeking control of the company.
+  
+
diff --git a/reuters/test/20398 b/reuters/test/20398
new file mode 100644
index 0000000000000000000000000000000000000000..677c879895eeee7bf53c4f9aab38841555a90bfa
--- /dev/null
+++ b/reuters/test/20398
@@ -0,0 +1,14 @@
+TRANSAMERICA <TA> TO BUY SEDGWICK <SDWK.L> UNIT
+  Transamerica Corp's Transamerica
+  Insurance Co said it signed a definitive pact to buy a 51 pct
+  interest in Sedgwick Group PLC's River Thames Insurance Co.
+      Transamerica will buy 11 mln newly issued Class A shares of
+  River Thames for 2.23 dlrs per share.
+      Sedgwick wil retain a 49 pct interest in River Thames,
+  which is a property liability reinsurer.
+      The agreement, subject to shareholder approval, is expected
+  to close by the end of the year, the company said.
+      In 1986, River Thames reported net premiums written of 36
+  mln dlrs.
+  
+
diff --git a/reuters/test/20400 b/reuters/test/20400
new file mode 100644
index 0000000000000000000000000000000000000000..835e8e2a696b302d244f199bcda2e7f3f4d8eb80
--- /dev/null
+++ b/reuters/test/20400
@@ -0,0 +1,12 @@
+INTERMEC CORP <INTR.O> 2ND QTR SEPT 30 NET
+  Shr 16 cts vs 17 cts
+      Net 988,000 vs 1,005,000
+      Revs 19.7 mln vs 16.4 mln
+      Avg shrs 6,206,487 vs 5,959,028
+      Six Mths
+      Shr 31 cts vs 28 cts
+      Net 1,884,000 vs 1,662,000
+      Revs 37.5 mln vs 30.8 mln
+      Avg shrs 6,168,105 vs 5,950,842
+  
+
diff --git a/reuters/test/20401 b/reuters/test/20401
new file mode 100644
index 0000000000000000000000000000000000000000..c6c19838329ac7a5ce9ff16017cc36e14910e7fd
--- /dev/null
+++ b/reuters/test/20401
@@ -0,0 +1,11 @@
+HOMESTEAD FINANCIAL CORP <HFL> 3RD QTR NET
+  Shr 30 cts vs 73 cts
+      Net 3,992,000 vs 8,526,00
+      Nine Mths
+      Shr 1.72 dlrs vs 1.74 dlrs
+      Net 22,110,000 vs 20,379,000
+      Avg shrs 13,459,000 vs 11,740,000
+      Note: Prior nine month figures include extraordinary
+  after-tax loss of 10.9 mln dlrs, or 93 cts per share.
+  
+
diff --git a/reuters/test/20406 b/reuters/test/20406
new file mode 100644
index 0000000000000000000000000000000000000000..535c1de3b9786bd08ae1a976983eabd0295837cd
--- /dev/null
+++ b/reuters/test/20406
@@ -0,0 +1,13 @@
+GLOBAL PETROLEUM <GNR> UPS HEAVY FUEL PRICES
+  Global Petroleum Corp said it had raised
+  the contract prices for heavy fuel oil from 25 cts to one dlr
+  per barrel, effective today.
+      The company said 0.3 pct fuel oil is up one dlr a barrel to
+  22.25 dlrs a barrel. They said 0.5 pct fuel oil is up by 50 cts
+  to 21.95 dlrs a barrel.
+      Global raised one pct fuel oil by 35 cts to 20.25 dlrs a
+  barrel. The company raised 2.2 pct fuel by 25 cts to 19.50 dlrs
+  a barrel. Global raised 2.5 pct fuel oil by 45 cts to 19.45
+  dlrs a barrel.
+  
+
diff --git a/reuters/test/20407 b/reuters/test/20407
new file mode 100644
index 0000000000000000000000000000000000000000..43679a3049f443fb5c15c0c251f64512dc6d18e1
--- /dev/null
+++ b/reuters/test/20407
@@ -0,0 +1,8 @@
+SILVERCREST CORP <SLV> 1ST QTR SEPT 30 NET
+  Shr 17 cts vs 15 cts
+      Net 565,000 vs 502,000
+      Revs 20.0 mln vs 14.5 mln
+      Note: Current qtr figures include tax loss carryforward
+  credit of 194,000 dlrs vs credit of 197,000 dlrs.
+  
+
diff --git a/reuters/test/20409 b/reuters/test/20409
new file mode 100644
index 0000000000000000000000000000000000000000..b9eb0fe76c36d67577fac71d3eff316b176ad972
--- /dev/null
+++ b/reuters/test/20409
@@ -0,0 +1,25 @@
+DONALD REGAN SAYS U.S. SHOULD EASE CREDIT SUPPLY
+  Donald Regan, President Reagan's
+  former chief of staff, said the government should loosen the
+  money supply, try to keep interest rates down and try to reduce
+  the federal budget and trade deficits to avoid a recession.
+      "I think what we have to face now is trying to preserve our
+  economy," the one-time chairman of Merrill Lynch and Co Inc
+  <MER> said in an interview on the ABC television network.
+      "We've got to loosen money, we've got to keep interest rates
+  down. We can't afford to let them go up. That means we're going
+  to have to work on our twin deficits, both the budget deficit
+  and the trade deficit," Regan said.
+       "I certainly wouldn't tighten money at this particular
+  moment," Regan said when asked about the prospects for a
+  recession following Monday's price drop on Wall Street.
+      "I think that if they were to do that, they'd create the
+  same conditions that we did in '29...They choked off the money
+  supply and what happened? We went into a major recession. I
+  think that's the one thing we've got to avoid right now."
+      Regan also called on the government to impose restrictions
+  on program trading. "I think that that's exacerbated,
+  exaggerated this decline, and I think it's something that they
+  must stop," he said.
+  
+
diff --git a/reuters/test/20412 b/reuters/test/20412
new file mode 100644
index 0000000000000000000000000000000000000000..7396e30debd696151cad0c6061d3546e735fcb1f
--- /dev/null
+++ b/reuters/test/20412
@@ -0,0 +1,12 @@
+H.F. AHMANSON AND CO <AHM> 3RD QTR NET
+  Shr 41 cts vs 80 cts
+      Net 40.3 mln vs 78.9 mln
+      Nine mths
+      Shr 1.58 dlrs vs 2.40 dlrs
+      Net 155.0 mln vs 223.3 mln
+      Avg shrs 98,353,350 vs 92,967,487
+      Assets 27.48 billion vs 27.60 billion
+      Loans 22.75 billion vs 19.00 billion
+      Deposits 21.45 billion vs 21.31 billion
+  
+
diff --git a/reuters/test/20414 b/reuters/test/20414
new file mode 100644
index 0000000000000000000000000000000000000000..7fa5f214fc1bb0905d3e216367761a9ef9dd0bab
--- /dev/null
+++ b/reuters/test/20414
@@ -0,0 +1,12 @@
+JWP INC <JWP> 3RD QTR NET
+  Shr 50 cts vs 37 cts
+      Net 16.1 mln vs 9,390,000
+      Revs 168.1 mln vs 111.3 mln
+      Avg shrs 12.5 mln vs 11.6 mln
+      Nine mths
+      Shr 1.31 dlrs vs 86 cts
+      Net 16.1 mln vs 9,390,000
+      Revs 445.8 mln vs 244.6 mln
+      Avg shrs 12.4 mln vs 10.9 mln
+  
+
diff --git a/reuters/test/20415 b/reuters/test/20415
new file mode 100644
index 0000000000000000000000000000000000000000..0c46e9aaa65729ead99bae70342c47c98e052eda
--- /dev/null
+++ b/reuters/test/20415
@@ -0,0 +1,9 @@
+PEOPLES SAVINGS BANK <PEBW.O> 3RD QTR NET
+  Shr 32 cts vs not given
+      Net 1,041,000 vs 43,000
+      Nine mths
+      Shr 1.09 dlrs vs not given
+      Net 3,586,000 vs 764,000
+      NOTE: Company went public in October 1986.
+  
+
diff --git a/reuters/test/20419 b/reuters/test/20419
new file mode 100644
index 0000000000000000000000000000000000000000..8b2469852112115f2ba5e837b97fddf6000b7708
--- /dev/null
+++ b/reuters/test/20419
@@ -0,0 +1,13 @@
+TEXAS EASTERN CORP <TET> 3RD QTR NET
+  Shr profit three cts vs profit 36 cts
+      Net profit 1,800,000 vs profit 19.2 mln
+      Nine mths
+      Shr profit 1.22 dlrs vs loss 44 cts
+      Net 64.7 mln vs loss 23.5 mln
+      NOTE: 1986 3rd qtr and nine months includes a profit of 2.8
+  mln dlrs and a loss of 66.7 mln dlrs from discontinued
+  operations.
+      Earnings per share are reported after payment of preferred
+  stock dividends of subsidiaries.
+  
+
diff --git a/reuters/test/20420 b/reuters/test/20420
new file mode 100644
index 0000000000000000000000000000000000000000..b0c304b0280ce19c0b0c04f518689473ea322975
--- /dev/null
+++ b/reuters/test/20420
@@ -0,0 +1,10 @@
+PHILLIPS <P> RAISES CRUDE OIL PRICES
+  Phillips Petroleum Corp said it raised
+  the contract price it will pay for all grades of crude oil by
+  50 cts a barrel, effective Oct 16.
+      The increase brings the company's postings for the West
+  Texas Intermediate and West Texas Sour grades to 19.00 dlrs a
+  barrel.
+      Phillips last changed it crude oil postings on Sept 9.
+  
+
diff --git a/reuters/test/20421 b/reuters/test/20421
new file mode 100644
index 0000000000000000000000000000000000000000..b6db9d5f25b6769ce2b00fb92b83dc16545aaeaa
--- /dev/null
+++ b/reuters/test/20421
@@ -0,0 +1,12 @@
+MEDITRUST SBI <MT> 3RD QTR NET
+  Shr 31 cts vs 26 cts
+      Net 3,308,000 vs 1,512,000
+      Revs 6,467,000 vs 2,590,000
+      Avg shrs 10.7 mln vs 5,788,594
+      Nine mths
+      Shr 1.32 dlrs vs 1.17 dlrs
+      Net 10.2 mln vs 3,041,000
+      Revs 18.7 mln vs 5,682,000
+      Avg shrs 10.7 mln vs 3,780,626
+  
+
diff --git a/reuters/test/20432 b/reuters/test/20432
new file mode 100644
index 0000000000000000000000000000000000000000..8abaa11afd04b908a082954cf0e5f3029e2a4dc8
--- /dev/null
+++ b/reuters/test/20432
@@ -0,0 +1,16 @@
+HEALTH IMAGES INC <HIMG.O> 3RD QTR NET
+  Shr profit five cts vs loss four cts
+      Net profit 378,000 vs loss 140,000
+      Revs 4,226,000 vs 1,240,000
+      Nine mths
+      Shr loss 38 cts vs loss 16 cts
+      Net loss 1,088,000 vs 538,000
+      Revs 10.1 mln vs 2,963,000
+     
+      NOTE: 1987 nine mths includes charge 1,827,000 dlrs for
+  exchange by an officer and director of 554,000 shares of junior
+  subordinated stock for 443,000 shares of common stock and a
+  10-year warrant to purchase 250,000 shares of common stock at
+  4.50 dlrs per share.
+  
+
diff --git a/reuters/test/20438 b/reuters/test/20438
new file mode 100644
index 0000000000000000000000000000000000000000..975cd7941a344f8f7924dba817885675289c96a7
--- /dev/null
+++ b/reuters/test/20438
@@ -0,0 +1,10 @@
+PRESTON CORP <PTRK.O> 3RD QTR NET
+  Shr four cts vs 36 cts
+      Net 254,000 vs 2,063,000
+      Revs 130.0 mln vs 107.8 mln
+      Nine mths
+      Shr 23 cts vs 1.16 dlrs
+      Net 1,336,000 vs 6,659,000
+      Revs 370.9 mln vs 313.7 mln
+  
+
diff --git a/reuters/test/20439 b/reuters/test/20439
new file mode 100644
index 0000000000000000000000000000000000000000..1b2106f5432643cc0d73f5be9053a8c3c6f67e2c
--- /dev/null
+++ b/reuters/test/20439
@@ -0,0 +1,13 @@
+U.S COMMERCE DEPT OPPOSES FOREIGN TAKEOVER BAN
+  Commerce Undersecretary J. Michael
+  Farren opposed language in the trade bill before Congress to
+  limit foreign takeovers of U.S. companies.
+      "Anything that would serve to have a chilling effect on
+  foreign investment is going to cost us jobs and economic
+  growth," Farren said before a congressional coittee.
+      House and Senate negotiators are ironing out differences in
+  trade bills passed by both chambers. Once the negotiators reach
+  agreement, the bill will be sent to President Reagan for his
+  signature.
+  
+
diff --git a/reuters/test/20440 b/reuters/test/20440
new file mode 100644
index 0000000000000000000000000000000000000000..10fc5a54be03cb7d604d095ba537db710f13272a
--- /dev/null
+++ b/reuters/test/20440
@@ -0,0 +1,12 @@
+CONTRANS CORP <CSS.TO> 4TH QTR AUGUST 31 NET
+  Shr 52 cts vs 47 cts
+      Net 1,935,000 vs 1,495,000
+      Revs 52.7 mln vs 43.1 mln
+      Year
+      Shr 83 cts vs 1.01 dlrs
+      Net 3,775,000 vs 3,221,000
+      Revs 172.7 mln vs 105.9 mln
+      NOTE: Share figures for year are after payment of preferred
+  share dividend and include unspecified extraordinary items.
+  
+
diff --git a/reuters/test/20441 b/reuters/test/20441
new file mode 100644
index 0000000000000000000000000000000000000000..fb603429d861cdcba352d576382b7ca5f3c38d12
--- /dev/null
+++ b/reuters/test/20441
@@ -0,0 +1,31 @@
+GATT CASE AGAINST JAPAN A MODEL FOR U.S. - LYNG
+  Agriculture Secretary Richard Lyng
+  said the ruling of a GATT panel on a U.S. trade complaint
+  against Japan, expected soon, may influence the U.S. stance in
+  negotiations with Tokyo on beef and citrus import quotas.
+      The ruling of a GATT tribunal on a U.S. demand that Japan
+  end quotas on 12 categories of food items is expected by the
+  end of the year. Lyng said he is optimistic the ruling will
+  favor the U.S.
+      "These are quota items, and the principles that apply to
+  them, it seems to me, will have some bearing on the question of
+  whether you would have quotas or not on beef and citrus," Lyng
+  told Reuters in an interview.
+      He repeated the U.S. demand that Japan lift the quotas on
+  beef and citrus after March 31, next year.
+      The Japanese quotas on 12 food categories which the United
+  States has challenged include items such as tomato paste, some
+  cheeses and specialty fruit juices.
+      U.S. officials had hoped a ruling against the quotas would
+  be issued earlier this year but the GATT panel decision has
+  been delayed by the illness of the tribunal's chairman.
+      The U.S. has taken a hardline stance on the beef and citrus
+  quotas, which Tokyo says must remain in place to protect
+  Japanese farmers.
+      "We will not negotiate new quotas or accept new quotas (on
+  beef and citrus). If they impose them we would consider that an
+  illegal action in the GATT, Lyng said.
+      He declined to say what action the U.S. would take next
+  April if Japan continues to resist U.S. demands.
+  
+
diff --git a/reuters/test/20442 b/reuters/test/20442
new file mode 100644
index 0000000000000000000000000000000000000000..3d35eefdd51d78d0e8a306a98dc71c1f88cd4e8c
--- /dev/null
+++ b/reuters/test/20442
@@ -0,0 +1,10 @@
+STANADYNE INC <STNA.O> 3RD QTR NET
+  Shr 95 cts vs 30 cts
+      Net 9,139,000 vs 2,894,000
+      Revs 135.6 mln vs 118.5 mln
+      Nine mths
+      Shr 2.81 dlrs vs 1.95 dlrs
+      Net 27.0 mln vs 18.8 mln
+      Revs 406.5 mln vs 372.8 mln
+  
+
diff --git a/reuters/test/20443 b/reuters/test/20443
new file mode 100644
index 0000000000000000000000000000000000000000..0ab25661b9c8223d9cac9db67fca5359382ecc64
--- /dev/null
+++ b/reuters/test/20443
@@ -0,0 +1,15 @@
+MERCANTILE BANKSHARES CORP <MRBK.O> 3RD QTR NET
+  Shr 99 cts vs 77 cts
+      Net 12.7 mln vs 9,736,000
+      Avg shrs 12.8 mln vs 12.7 mln
+      Nine mths
+      Shr 2.67 dlrs vs 2.30 dlrs
+      Net 34.0 mln vs 29.1 mln
+      NOTE: Net includes pretax securities gains 16,000 dlrs vs
+  228,000 dlrs in quarter and 48,000 dlrs vs 1,673,000 dlrs in
+  nine mths.
+      Net includes loan loss provisions 1,092,000 dlrs vs 790,000
+  dlrs in quarter and 3,089,000 dlrs vs 2,584,000 dlrs in nine
+  mths.   
+  
+
diff --git a/reuters/test/20444 b/reuters/test/20444
new file mode 100644
index 0000000000000000000000000000000000000000..319ba55019a7dff1bb382be592382ce4ac6b8035
--- /dev/null
+++ b/reuters/test/20444
@@ -0,0 +1,5 @@
+PENTAGON SAYS U.S. WARSHIPS BEGIN ESCORTING GULF TANKER CONVOY SOUTH FROM KUWAIT
+
+  PENTAGON SAYS U.S. WARSHIPS BEGIN ESCORTING GULF TANKER CONVOY SOUTH FROM KUWAIT
+  
+
diff --git a/reuters/test/20446 b/reuters/test/20446
new file mode 100644
index 0000000000000000000000000000000000000000..71db11b04df757f13cda0f8467fde8de2baad862
--- /dev/null
+++ b/reuters/test/20446
@@ -0,0 +1,13 @@
+ALLEGHENY LUDLUM CORP <ALS> 3RD QTR NET
+  Shr 38 cts vs not given
+      Net 8,616,000 vs not given
+      Revs 209.1 mln vs 169.8 mln
+      Nine mths
+      Shr 1.76 dlrs vs not given
+      Net 34.5 mln vs not given
+      Revs 632.0 mln vs 551.5 mln
+      NOTE: Year ago per share and net income not available as
+  company recapitalized on December 28, 1986 after it became a
+  new reporting entity for financial reporting purposes.
+  
+
diff --git a/reuters/test/20448 b/reuters/test/20448
new file mode 100644
index 0000000000000000000000000000000000000000..f76068481ec03f4cd793455fc1fcb5be57960bf2
--- /dev/null
+++ b/reuters/test/20448
@@ -0,0 +1,12 @@
+ATLANTIC RESEARCH CORP <ATRC.O> 3RD QTR NET
+  Shr primary 60 cts vs 42 cts
+      Shr diluted 57 cts vs 41 cts
+      Net 5,590,000 vs 3,721,000
+      Revs 103.5 mln vs 91.8 mln
+      Nine mths
+      Shr primary 1.55 dlrs vs 1.41 dlrs
+      Shr diluted 1.48 dlrs vs 1.34 dlrs
+      Net 14.3 mln vs 12.7 mln
+      Revs 300.5 mln vs 269.3 mln
+  
+
diff --git a/reuters/test/20450 b/reuters/test/20450
new file mode 100644
index 0000000000000000000000000000000000000000..93fe4cc04d92782e3255fd426914a94a695645de
--- /dev/null
+++ b/reuters/test/20450
@@ -0,0 +1,14 @@
+TW SERVICES INC <TW> 3rd qtr net
+  Shr 38 cts vs 28 cts
+      Net 18.6 mln vs 14.5 mln
+      Revs 574.2 mln vs 493.3 mln
+      Avg shrs 48,602,000 vs 50,487,000
+      Nine months
+      Shr 85 cts vs 61 cts
+      Net 41.5 mln vs 32.8 mln
+      Revs 1.62 billion vs 1.40 billion
+      Avg shrs 48,622,000 vs 51,670,000
+      NOTE: 1987 results do not include September acquisiton of
+  Denny's Inc.
+  
+
diff --git a/reuters/test/20453 b/reuters/test/20453
new file mode 100644
index 0000000000000000000000000000000000000000..a6cd062a17c82875459150c4e98a7b71d62a6b0c
--- /dev/null
+++ b/reuters/test/20453
@@ -0,0 +1,13 @@
+SANTA FE ENERGY PARTNERS <SFP> 3RD QTR LOSS
+  Shr loss 18 cts vs loss 3.61 dlrs
+      Net loss 5,600,000 vs loss 100.2 mln
+      Revs 33.5 mln vs 22.3 mln
+      Avg units 30.9 mln vs 27.5 mln
+      Nine mths
+      Shr loss 22 cts vs loss 4.20 dlrs
+      Net loss 6,800,000 vs loss 113.6 mln
+      Revs 97.3 mln vs 83.4 mln
+      Avg units 30.0 mln vs 26.8 mln
+      NOTE: full name is sante fe energy partners l.p.
+  
+
diff --git a/reuters/test/20455 b/reuters/test/20455
new file mode 100644
index 0000000000000000000000000000000000000000..2f374dc56203c02d20e595809d6dc2b9855f5a19
--- /dev/null
+++ b/reuters/test/20455
@@ -0,0 +1,12 @@
+GENERAL DEVELOPMENT CORP <CDV> 3RD QTR NET
+  Shr 66 cts vs 61 cts
+      Net 5,928,000 vs 5,447,000
+      Revs 126.0 mln vs 89.8 mln
+      Avg shrs 8,948,000 vs 8,947,000
+      Nine mths
+      Shr 1.96 dlrs vs 1.96 dlrs
+      Net 17.5 mln vs 16.3 mln
+      Revs 343.9 mln vs 286.9 mln
+      Avg shrs 8,948,000 vs 8,300,000
+  
+
diff --git a/reuters/test/20457 b/reuters/test/20457
new file mode 100644
index 0000000000000000000000000000000000000000..af9522ebea5d0689289d73bbef837a4d24e7dcb4
--- /dev/null
+++ b/reuters/test/20457
@@ -0,0 +1,12 @@
+GROUP LIFTS STAKE IN SMITH INTERNATIONAL <SII>
+  A group of firms led by Hong
+  Kong-based Industrial Equity (Pacific) Ltd said it increased
+  its stake in Smith International Inc common stock to 3,997,100
+  shares, or 17.5 pct of the total outstanding, from about 14.9
+  pct.
+      In a filing with the Securities and Exchange Commission,
+  the group said it bought 586,500 Smith common shares between
+  October 9 and 19 at 7.86 dlrs to 9.57 dlrs a share.
+      No reason was given for the recent purchases.
+  
+
diff --git a/reuters/test/20458 b/reuters/test/20458
new file mode 100644
index 0000000000000000000000000000000000000000..14cb6dad2bb052d9e59448b4b4b9d9a99b0cf47c
--- /dev/null
+++ b/reuters/test/20458
@@ -0,0 +1,24 @@
+TIN COUNCIL ALLOWED APPEAL ON USE OF DOCUMENTS
+  Britain's highest court has decided the
+  International Tin Council (ITC) can appeal over the use of ITC
+  documents in court actions.
+      On November 2 the House of Lords will decide if and to what
+  extent ITC documents, whether circulated or not, are admissible
+  as court evidence. Lawyers working in the legal tangle left
+  from the October 1985 collapse of the tin market said this
+  hearing is likely to last a few days.
+      On Wednesday the Court of Appeal will link the outstanding
+  ITC cases that have so far reached it and a single set of
+  hearings could begin in early January, they added.
+      The House of Lords ruling on the use of ITC documents will
+  be referred back to the action by two Shearson Lehman companies
+  against the London Metal Exchange although the underlying case
+  is not expected to be resumed until mid-1988.
+      The Court of Appeal hearings include action between brokers
+  and cases by brokers and banks against the ITC and the member
+  governments of the tin council.
+      Action taken by brokers seeking both the winding up of the
+  ITC or and placing it into receivership will also be covered by
+  the Court of Appeal legal schedule.
+  
+
diff --git a/reuters/test/20459 b/reuters/test/20459
new file mode 100644
index 0000000000000000000000000000000000000000..7a05e8b6ecebf42f2f7a1a91528ecd9aa080c739
--- /dev/null
+++ b/reuters/test/20459
@@ -0,0 +1,14 @@
+IRAN, SOVIETS TO HOLD TALKS ON OIL EXCHANGE DEAL
+  Iran and the Soviet Union have
+  provisionally agreed to hold talks on a possible exchange of
+  Iranian crude oil for finished Soviet oil products, an official
+  spokesman said Tuesday.
+      Gennady Gerasimov, chief of the Soviet Foreign Ministry's
+  Information Directorate, told reporters the agreement had been
+  reached during a visit to Moscow last week by Iran's Oil
+  Minister Gholamreza Aqazadeh.
+      Gerasimov said no date had been set for the talks, which
+  would also study the possibility of Soviet technical assistance
+  for Iran's oil industry.
+  
+
diff --git a/reuters/test/20461 b/reuters/test/20461
new file mode 100644
index 0000000000000000000000000000000000000000..3f72922d7abbe7992d50bf4675da541680da21c9
--- /dev/null
+++ b/reuters/test/20461
@@ -0,0 +1,36 @@
+ASA SAYS EC OILSEED POLICY ILLEGAL UNDER GATT
+  The American Soybean Association (ASA)
+  denounced European Community (EC) oilseed policies as illegal
+  under the General Agreement on Tariffs and Trade, and
+  threatened to make an unfair trade complaint if the EC does not
+  remedy the situation.
+      ASA Vice President James Adams told an ASA-sponsored
+  Outlook 87 conference: "It will be filed unless the EC takes
+  drastic and immediate steps."
+      "These subsidies are blatantly unfair and are GATT illegal,
+  since they were established after the zero soybean duty was
+  established in 1962," he said.
+      The ASA's unfair trade petition against the EC would ask
+  for an investigation and modification of EC oilseed policies to
+  make the regime non-discriminatory.
+      The EC in 1962 ruled all EC oilseed imports duty-free, in
+  an effort to fill its oilseed needs. But EC oilseeds production
+  has risen dramatically since then.
+      The EC now guarantees oilseed prices to farmers above world
+  market levels and is considering implementing a controversial
+  oils and fats tax.
+      The subsidies "are obvious attempts to circumvent the zero
+  duty binding and that makes U.S. Farmers mad as hell," Adams
+  said.
+      The ASA is confident the U.S. Congress will support its
+  trade complaint, Adams said. The ASA also strongly opposes an
+  EC proposal to tax vegetable and marine oils consumed in the
+  EC, which will be considered by the EC Commission in December.
+      U.S. Soybean world market share has declined 35 pct in
+  volume and 40 pct in value since 1982, primarily as a result of
+  EC policies, Adams added.
+      Lord Plumb, European Parliament President and a speaker at
+  the conference, said the EC expanded oilseed production in 1973
+  when the U.S. Halted overseas sales of soy products.
+  
+
diff --git a/reuters/test/20462 b/reuters/test/20462
new file mode 100644
index 0000000000000000000000000000000000000000..a80ca93fc4f6667ffefbc53af90c1756334a93f6
--- /dev/null
+++ b/reuters/test/20462
@@ -0,0 +1,55 @@
+U.S. TAKES TOUGH STAND ON GATT FARM ISSUES
+  The United States is prepared to "pull out
+  all the stops" to defend its agricultural trade rights under the
+  General Agreement on Tariffs and Trade (GATT), U.S. Ambassador
+  to GATT Michael Samuels said.
+      Those rights are now being challenged by the European
+  Community's (EC) agricultural support policies, he told a
+  conference sponsored by the American Soybean Association.
+      He reiterated Washington's firm intention to retaliate if
+  the EC goes ahead and bans imports of hormone-fed beef without
+  the issue being investigated by a GATT special committee.
+      The U.S. claims the EC directive, due to come into effect
+  on January 1, threatens to cut 100 mln dlrs worth of U.S. meat
+  shipments into the EC.
+      The U.S. also will oppose all EC efforts to impair U.S.
+  trade via the EC oilseeds regime, which supports EC oilseed
+  prices over the current market level and which may be extended
+  to include a hotly disputed oils and fats tax, Samuels said.
+      Reduction of trade-distorting world agricultural subsidies,
+  an aim of most key participants in GATT multilateral trade
+  negotiations, "is meaningless if import barriers continue to be
+  erected," Samuels said.
+      Samuels called the U.S. plan to eliminate world farm
+  subsidies by the year 2000, proposed at GATT in July, "visionary"
+  and "very serious."  The EC and Japan have said it is
+  unrealistic.
+      The EC Commission this month announced its draft proposal
+  on farm trade reform, expected to be tabled at GATT formally
+  next week.
+      The EC scheme involves emergency measures to reduce
+  tensions in troubled surplus sectors of cereals and cereals
+  substitutes, dairy and sugar. It also calls for reduction of
+  farm subsidies.
+      The U.S. Is not opposed to short-term measures, as long as
+  they are directly linked to long-term commitments to end major
+  trade distortions, Samuels said.
+      Washington will review the EC proposal when it is formally
+  submitted and respond to it officially then.
+      "We will consider its relation to the Punta del Este
+  declaration to correct trade problems and expand market access,"
+  the U.S. Ambassador said.
+      The U.S. can say no to the EC proposal if the EC ignores
+  the U.S. plan when it tables its own proposal, he added.
+      The key difference between the two approaches is that the
+  U.S. wants farm subsidies eliminated, while the EC is pushing
+  only for a reduction in farm suppports, Samuels said.
+      If the EC farm budget were protected by a subsidy freeze,
+  there would be little incentive for the Community to work to
+  correct the international trade situation, he added.
+      Samuels cited the animal hormones complaint, the EC
+  oilseeds regime and an EC regulation concerning meat imports to
+  third countries as three crucial barriers to trade which the
+  U.S. wants to see resolved under the auspices of GATT.
+  
+
diff --git a/reuters/test/20463 b/reuters/test/20463
new file mode 100644
index 0000000000000000000000000000000000000000..80548cb91dea8c179b031914b10370ef2861b624
--- /dev/null
+++ b/reuters/test/20463
@@ -0,0 +1,12 @@
+US WEST INC <USW> 3RD QTR NET
+  Shr 1.46 dlrs vs 1.41 dlrs
+      Net 277.5 mln vs 268.3 mln
+      Sales 2.13 billion vs 2.14 billion
+      Avg shrs 189.8 mln vs 189.8 mln
+      Nine mths
+      Shr 3.95 dlrs vs 3.78 dlrs
+      Net 750.5 mln vs 718.4 mln
+      Sales 6.28 billion vs 6.22 billion
+      Avg shrs 189.9 mln vs 190.2 mln
+  
+
diff --git a/reuters/test/20464 b/reuters/test/20464
new file mode 100644
index 0000000000000000000000000000000000000000..302bc4d3f0e963688600014c6d787c2647938bfb
--- /dev/null
+++ b/reuters/test/20464
@@ -0,0 +1,24 @@
+US WARNS IRAN, BEGINS ESCORTING TANKER CONVOY
+  The United States warned Iran again 
+  that it was ready to retaliate for any further hostile military
+  action in the Gulf as U.S. warships began escorting another
+  tanker convoy southward from Kuwait.
+      U.S. Defense Secretary Caspar Weinberger said the U.S.
+  sought no further Gulf hostitilies but was ready to deal with
+  any Iranian response to Monday's attack on an Iranian oil rig.
+      Several hours later, the Pentagon announced that U.S.
+  warships had begun escorting two U.S. flag Kuwaiti tankers --
+  the 80,000 ton product carrier Ocean City and 46,000 ton
+  liquified petroleum tanker Gas King -- southward from Kuwait.
+      The Defense Department said the 12th such convoy of U.S.
+  flagged Kuwaiti tankers through the Gulf began at 0230 EDT
+  under the escort by the U.S. guided missile frigate Ford. It
+  did not say what oth U.S. warships were in the area.
+      "It (the convoy) is now progressing uneventfully in the
+  central Gulf," the Pentagon statement said.
+      Asked on NBC's "Today" program if the United States was
+  prepared for a major war with Iran, Weinberger said, "Well we
+  are prepared I think for whatever eventualities emerge from
+  this situation but we don't look on it as a war."
+  
+
diff --git a/reuters/test/20465 b/reuters/test/20465
new file mode 100644
index 0000000000000000000000000000000000000000..f20f15b5f0d81f148e2cd7e8b83d80e484941356
--- /dev/null
+++ b/reuters/test/20465
@@ -0,0 +1,14 @@
+ICO EXECUTIVE BOARD TO MEET EARLY NOVEMBER
+  The International Coffee Organization
+  (ICO) Executive Board is to hold a meeting on November 3/4, its
+  first since export quotas were re-introduced early this month.
+      An ICO spokesman said the session, for the first time under
+  the chairmanship of Bruno Caron of France, will review the
+  market situation and the operation of quotas.
+      On November 5 the six exporters making up the ICO Board of
+  Management of the Promotion Fund will review its program for
+  the 1987/88 year (Oct/Sept) and items left over from 1986/87.
+      On November 2 a six nation working group will consider
+  stock verification in Papua New Guinea.
+  
+
diff --git a/reuters/test/20467 b/reuters/test/20467
new file mode 100644
index 0000000000000000000000000000000000000000..c02f852e5dc943372d07a12e8e52ab47c8efec74
--- /dev/null
+++ b/reuters/test/20467
@@ -0,0 +1,11 @@
+GUINNESS COMPLETES UNIT SALES WORTH 232.6 MLN STG
+  Guinness Plc <GUIN.L> said it has
+  completed the sale of subsidiaries <Martin CTN Group Plc> and
+  <Drummonds Pharmacy Group Plc>.
+      Total consideration was 232.6 mln stg, subject to
+  adjustment on final audit, which is expected to add 12 mln stg,
+  Guinness said.
+      Martins has been sold to <Panfida Ltd> an Australian
+  investment company, and Drummonds to <Macarthy Plc>.
+  
+
diff --git a/reuters/test/20468 b/reuters/test/20468
new file mode 100644
index 0000000000000000000000000000000000000000..a471da2015aa2ef63f631c390b4c6f1a8e07ae44
--- /dev/null
+++ b/reuters/test/20468
@@ -0,0 +1,13 @@
+NORTH SIDE SAVINGS BANK <NSBK.O> 4TH SEPT 30
+  Shr 42 cts vs 35 cts
+      Net 1,540,000 vs 1,289,000
+      Year
+      Shr 1.59 dlrs vs 63 cts
+      Net 5,849,000 vs 3,980,000
+      NOTE: 1987 year excludes 1,814,000 dlrs for tax credits.
+  1986 4th qtr and year excludes a gain of 995,000 dlrs and
+  2,928,000 dlrs, respectively, for tax credits. 1986 per share
+  amounts caclulted from April 15, 1986, to septebmer 30, the
+  date of bank's conversion to stock ownership.
+  
+
diff --git a/reuters/test/20469 b/reuters/test/20469
new file mode 100644
index 0000000000000000000000000000000000000000..7de92f8a8fa81e70b9b814dc6d3ae31dd00b02ed
--- /dev/null
+++ b/reuters/test/20469
@@ -0,0 +1,26 @@
+LYNG DEFENDS U.S. EXPORT SUBSIDY PROGRAM
+  U.S. Agriculture Secretary Richard
+  Lyng said the United States will continue its policy of
+  subsidizing farm exports to regain lost markets until there is
+  a global agreement to end such subsidies.
+      In an interview with Reuters, Lyng also acknowledged he was
+  troubled by the prospect that the export enhancement program
+  (EEP) could prove so indispensable to boosting U.S. exports
+  that the U.S. would have difficulty abandoning it.
+      "Yes, I'm troubled with that a little bit," he said. "There's
+  no question about it, the longer you feed the calf on the cow,
+  the longer it is to wean it."
+      In recent months, USDA has offered subsidies on a growing
+  list of commodities to an increasing number of countries.
+      Lyng called U.S. and European Community export subsidies
+  "just plain nonsensical as a long-term policy" and said he saw an
+  end to the expansion of the EEP.
+      "I'm sure there's an end to the expansion, but we are doing
+  this to accomplish our goal which is to regain the markets that
+  we've lost, to keep our products competitive and to let those,
+  particularly the European Community, who, we are convinced, are
+  the worst offenders in terms of the export subsidization, that
+  we are prepared to continue to do this until we can come to
+  some agreement to put an end to it," he said.
+  
+
diff --git a/reuters/test/20470 b/reuters/test/20470
new file mode 100644
index 0000000000000000000000000000000000000000..9d3e687461010383ce7597b13a60dd4970c5f334
--- /dev/null
+++ b/reuters/test/20470
@@ -0,0 +1,10 @@
+ATHEY PRODUCTS CORP <ATPC.O> 3RD QTR NET
+  Shr 40 cts vs 23 cts
+      Net 1,173,859 vs 672,824
+      Revs 11.0 mln vs 9,857,707
+      Nine mths
+      Shr 1.03 dlrs vs 56 cts
+      Net 2,986,823 vs 1,637,559
+      Revs 31.5 mln vs 27.2 mln
+  
+
diff --git a/reuters/test/20471 b/reuters/test/20471
new file mode 100644
index 0000000000000000000000000000000000000000..431ed470028fb36ca9e5ec1916c704f6ad8cbe54
--- /dev/null
+++ b/reuters/test/20471
@@ -0,0 +1,12 @@
+NATURE'S SUNSHINE PRODUCTS INC <AMTC.O> 3RD QTR
+  Shr 30 cts vs 10 cts
+      Net 560,000 vs 177,000
+      Revs 9,700,000 vs 7,700,000
+      Avg shrs 1,877,203 vs 1,839,752
+      Nine mths
+      Shr 80 cts vs 28 cts
+      Net 1,480,000 vs 524,000
+      Revs 28.3 mln vs 22.8 mln
+      Avg shrs 1,854,478 vs 1,899,769
+  
+
diff --git a/reuters/test/20473 b/reuters/test/20473
new file mode 100644
index 0000000000000000000000000000000000000000..d339d1e4cfdbddf8c6ca56079e04eb30c44aa335
--- /dev/null
+++ b/reuters/test/20473
@@ -0,0 +1,12 @@
+LEGG MASON INC <LM> 2ND QTR NET
+  Shr 35 cts vs 32 cts
+      Net 3,033,000 vs 2,189,000
+      Revs 56.2 mln vs 31.9 mln
+      Avg shrs 8,649,000 vs 6,914,000
+      Six mths
+      Shr 63 cts vs 72 cts
+      Net 5,450,000 vs 4,966,000
+      Revs 108.6 mln vs 66.3 mln
+      Avg shrs 8,655,000 vs 6,912,000
+  
+
diff --git a/reuters/test/20474 b/reuters/test/20474
new file mode 100644
index 0000000000000000000000000000000000000000..b3a02b5e90acbd49652a5ff049303bcd8981dab0
--- /dev/null
+++ b/reuters/test/20474
@@ -0,0 +1,22 @@
+SOVIET 1988 OIL OUTPUT TARGET AT 625 MLN TONNES
+  The Soviet oil production target for 1988
+  has been set at 625 mln tonnes, a rise of eight mln tonnes over
+  this year's planned output.
+      Oil Minister Vasily Dinkov announced the figure on Tuesday
+  at the Supreme Soviet, the country's nominal parliament.
+      He said a new development strategy, fuller use of oil
+  deposits and better housing and pay for oilmen had allowed an
+  upsurge in the oil industry after three years of stagnation
+  which began in late 1983.
+      Last year the Soviet Union produced 615 mln tonnes of oil,
+  slightly short of the target of 616.7 mln.
+      January-September figures released at the weekend showed
+  Soviet oil output in the first nine months of this year at 467
+  mln tonnes. The 1987 target is 617 million.
+      Dinkov said the Soviet Union would develop 38 new oil
+  deposits in the coming year. He called for speedier geolog
+  prospecting across the country to spur the oil industry.
+      The Supreme Soviet convened on Monday to endorse the 1988
+  budget and plan. The session is expected to end on Tuesday.
+  
+
diff --git a/reuters/test/20476 b/reuters/test/20476
new file mode 100644
index 0000000000000000000000000000000000000000..ead0facf6b1aecb3da4ffdff8f5f82ac20ea9054
--- /dev/null
+++ b/reuters/test/20476
@@ -0,0 +1,12 @@
+DYNCORP <DYN> 3RD QTR NET
+  Shr 32 cts vs 35 cts
+      Net 3,446,000 vs 3,789,000
+      Revs 220.9 mln vs 186.9 mln
+      Nine mths
+      Oper shr 77 cts vs 71 cts
+      Oper net 8,301,000 vs 7,298,000
+      Revs 634.3 mln vs 535.1 mln
+      NOTE: 1987 nine mths net excludes 3,510,000 dlr charge from
+  antitrust litigation.
+  
+
diff --git a/reuters/test/20479 b/reuters/test/20479
new file mode 100644
index 0000000000000000000000000000000000000000..57f2b41dcbccac4c5f8fd27c4fed146d337abdc4
--- /dev/null
+++ b/reuters/test/20479
@@ -0,0 +1,12 @@
+FROZEN FOOD EXPRESS <FEXP.O> 3RD QTR NET
+  Shr 54 cts vs 44 cts
+      Net 706,111 vs 579,576
+      Revs 21.7 mln vs 23.2 mln
+      Nine mths
+      Shr 1.26 dlrs vs 44 cts
+      Net 1,657,634 vs 582,001
+      Revs 63.1 mln vs 68.6 mln
+      NOTE: Full name of company is Frozen Food Express
+  Industries Inc.
+  
+
diff --git a/reuters/test/20480 b/reuters/test/20480
new file mode 100644
index 0000000000000000000000000000000000000000..6700b649698f8cb56e76cb190392490efb7ad100
--- /dev/null
+++ b/reuters/test/20480
@@ -0,0 +1,10 @@
+ASTROCOM CORP <ACOM.O> 3RD QTR NET
+  Shr loss four cts vs profit four cts
+      Net loss 93,574 vs profit 100,469
+      Revs 3,125,532 vs 3,253,239
+      Nine mths
+      Shr loss three cts vs profit seven cts
+      Net loss 67,184 vs profit 179,116
+      Revs 9,125,965 vs 9,284,055
+  
+
diff --git a/reuters/test/20485 b/reuters/test/20485
new file mode 100644
index 0000000000000000000000000000000000000000..a76bdaba946976039be8d7678005033f0fa3b512
--- /dev/null
+++ b/reuters/test/20485
@@ -0,0 +1,13 @@
+ERICSSON SELLS OFFICE MACHINE DIVISION
+  Telefon AB L M Ericsson <ERIC.ST> said
+  it would sell its office machinery unit, with a turnover of two
+  billion crowns, to Norway's <Norska Design Funktion A/S>.
+      Ericsson Information Systems, of which the unit is a part,
+  said in a statement a decision would be reached in November
+  about when the Norwegian firm would take over the operation.
+      No price was given for the deal.
+      EIS managing director Stig Larsson said the deal would
+  allow EIS to concentrate on voice and data communication
+  products.
+  
+
diff --git a/reuters/test/20488 b/reuters/test/20488
new file mode 100644
index 0000000000000000000000000000000000000000..3a44be9ff98d58c6e8c0256029d63d9c4994ee94
--- /dev/null
+++ b/reuters/test/20488
@@ -0,0 +1,11 @@
+ARMOR ALL PRODUCTS CORP <ARMR.O> 2ND QTR SEPT 30
+  Shr 14 cts vs 13 cts
+      Net 2,867,.000 vs 2,723,000
+      Revs 18.9 mln vs 19.1 mln
+      1st half
+      Shr 39 cts vs 32 cts
+      Net 8,139,000 vs 6,709,000
+      Revs 47.3 mln vs 44.5 mln
+      NOTE: Affiliate of McKesson Corp <MCK>.
+  
+
diff --git a/reuters/test/20489 b/reuters/test/20489
new file mode 100644
index 0000000000000000000000000000000000000000..9acf7814805fd429e12d0fd8adf1066844482fdd
--- /dev/null
+++ b/reuters/test/20489
@@ -0,0 +1,14 @@
+GOODMAN FIELDER HAS 29.9 PCT OF RANKS HOVIS
+  Goodman Fielder Ltd <GOOW.S> of Australia
+  said in a statement that it had acquired 31 mln ordinary shares
+  in Ranks Hovis McDougall Plc <RHML.L> (RHM), bringing its stake
+  in the company to 29.9 pct or 101 mln ordinary shares.
+      Goodman said it has no intention of making a full bid for
+  the company and would not contemplate doing so over the next
+  six months in the absence of a material change in the
+  circumstances of Ranks.
+      RHM said it regards the stake build-up as a hostile move
+  which is unwelcome and not in the long term interest of
+  shareholders.
+  
+
diff --git a/reuters/test/20490 b/reuters/test/20490
new file mode 100644
index 0000000000000000000000000000000000000000..b895d597ecbfc6edddd72537318fbea62ee65ea3
--- /dev/null
+++ b/reuters/test/20490
@@ -0,0 +1,10 @@
+MULTIBANK FINANCIAL CORP <MLTF.O> 3RD QTR NET
+  Shr 60 cts vs 54 cts
+      Net 5,726,000 vs 4,623,000
+      Avg shrs 9,538,260 vs 8,598,198
+      Nine mths
+      Shr 1.61 dlrs vs 1.35 dlrs
+      Net 15.0 mln vs 11.5 mln
+      Avg shrs 9,277,440 vs 8,486,590
+  
+
diff --git a/reuters/test/20493 b/reuters/test/20493
new file mode 100644
index 0000000000000000000000000000000000000000..c5b286f24663597d334ac6b24da48f36ecf3c71b
--- /dev/null
+++ b/reuters/test/20493
@@ -0,0 +1,13 @@
+USP REAL ESTATE INVESTMENT TRUST <USPTS.O> 3RD
+  Shr eight cts vs 10 cts
+      Qtly div 30 cts vs 30 cts prior
+      Net 204,064 vs 245,931
+      Nine mths
+      Shr 1.14 dlrs vs 52 cts
+      Net 2,850,042 vs 1,291,047
+      NOTE: 1987 and 1986 nine mths includes a net gain on sale
+  of assets of 2,258,206 dlrs or 90 cts a share and 459,503 dlrs,
+  respectively. Dividend payable November 13 to shareholders or
+  record October 30.
+  
+
diff --git a/reuters/test/20494 b/reuters/test/20494
new file mode 100644
index 0000000000000000000000000000000000000000..28d1b496c04fa9b2749daa77136b18739940e680
--- /dev/null
+++ b/reuters/test/20494
@@ -0,0 +1,14 @@
+LINCOLN FINANCIAL CORP <LFIN.O> 3RD QTR NET
+  Shr 61 cts vs 64 cts
+      Net 3,430,000 vs 3,091,000
+      Nine mths
+      Shr 1.81 dlrs vs 1.73 dlrs
+      Net 10,185,000 vs 8,038,000
+      Assets 1.64 billion vs 1.45 bilion
+      Deposits 1.27 billion vs 1.15 billion
+      Loans 1.03 billion vs 838.5 mln
+      Note: 1986 figures restated to reflect pooling of interests
+  transactions with Angola State Bank and Shipshewana State Bank
+  and an October 1986 three-for-one stock split
+  
+
diff --git a/reuters/test/20496 b/reuters/test/20496
new file mode 100644
index 0000000000000000000000000000000000000000..ca1ddc396770983ea792b6535f2139cfefb26df0
--- /dev/null
+++ b/reuters/test/20496
@@ -0,0 +1,14 @@
+LAWSON SAYS U.S.-WEST GERMAN ROW WAS UNNECESSARY
+  U.K. Chancellor of the Exchequer Nigel
+  Lawson said the recent dispute between the United States and
+  West Germany over economic policy was responsible for much
+  financial turmoil and that it should never have happened.
+      He said in a television interview the dispute had fanned
+  fears of a breakdown in the cooperation which is so important
+  between finance ministers of the major nations.
+      He said the dispute was a row which should not have
+  happened and agreed that much of the blame lay with U.S.
+  Treasury Secretary James Baker who had publicly criticised West
+  Germany for having raised its key interest rates.
+  
+
diff --git a/reuters/test/20497 b/reuters/test/20497
new file mode 100644
index 0000000000000000000000000000000000000000..77fdb5e1931860c00a7598d437a3b1a128574d48
--- /dev/null
+++ b/reuters/test/20497
@@ -0,0 +1,12 @@
+REPUBLIC AMERICAN CORP <RAWC.O> 3RD QTR NET
+  Oper shr 36 cts vs 25 cts
+      Oper net 7,100,00 vs 5,700,000
+      Avg shrs 20.0 mln vs 22.8 mln
+      Nine mths
+      Oper shr 1.03 dlrs vs 73 cts
+      Oper net 21.3 mln vs 15.2 mln
+      Avg shrs 20.7 mln vs 20.9 mln
+      NOTE: 1986 net excludes realized capital gains of 2,300,000
+  dlrs in quarter and 22.6 mln dlrs in nine mths.
+  
+
diff --git a/reuters/test/20498 b/reuters/test/20498
new file mode 100644
index 0000000000000000000000000000000000000000..4d2de7ac6417a04bb41771b3ec611fceab04207d
--- /dev/null
+++ b/reuters/test/20498
@@ -0,0 +1,12 @@
+KENT ELECTRONICS CORP <KEC> 2ND QTR SEPT 26 NET
+  Shr 14 cts vs seven cts
+      Net 348,000 vs 135,000
+      Revs 6,328,000 vs 4,117,000
+      Avg shrs 2,558,400 vs 1,884,200
+      Nine mths
+      Shr 29 cts vs 20 cts
+      Net 640,000 vs 313,000
+      Revs 12.0 mln vs 8,719,000
+      Avg shrs 2,226,600 vs 1,589,6000
+  
+
diff --git a/reuters/test/20499 b/reuters/test/20499
new file mode 100644
index 0000000000000000000000000000000000000000..780833f3b48afcc89f4ab9294d92e2367ce1a8b0
--- /dev/null
+++ b/reuters/test/20499
@@ -0,0 +1,12 @@
+QMS INC <AQM> 4TH QTR OCT 2 NET
+  Shr 34 cts vs 29 cts
+      Net 3,188,000 vs 2,731,000
+      Revs 37.2 mln vs 25.4 mln
+      Avg shrs 9,474,000 vs 9,425,000
+      Year
+      Shr 92 cts vs 80 cts
+      Net 8,671,000 vs 7,492,000
+      Revs 119.4 mln vs 73.6 mln
+      Avg shrs 9,450,000 vs 9,410,000
+  
+
diff --git a/reuters/test/20500 b/reuters/test/20500
new file mode 100644
index 0000000000000000000000000000000000000000..97cc3f50c2c7a07c468e1db9ececf0b985d2fb12
--- /dev/null
+++ b/reuters/test/20500
@@ -0,0 +1,73 @@
+BAKER SEEN WINNING GERMAN INTEREST RATES BATTLE
+  The United States appears to have won a
+  transatlantic battle by forcing the Bundesbank to trim interest
+  rates, European economists said.
+      But they added Washington set the stakes high by testing
+  the limits of the Louvre accord while global stock markets were
+  plunging.
+      West German Finance Minister Gerhard Stoltenberg and U.S.
+  Treasury Secretary James Baker reaffirmed their commitment to
+  currency stability at a secret meeting yesterday in Frankfurt,
+  according to official statements released late Monday.
+      Only 13 hours after the statements were released, the
+  Bundesbank reduced short-term interest rates by offering banks
+  liquidity at a fixed bid rate of 3.80 pct, down from a 3.85 pct
+  facility rate offered last week.
+      While the two ministers were meeting with Bundesbank
+  president Karl Otto Poehl, the central bank had also added
+  money market liquidity repeatedly, signalling it did not want a
+  strong rise in the tender allocation rate on Tuesday.
+       "It's round one to the Americans, " said Richard Reid,
+  senior European economist for brokers UBS/Philips and Drew in
+  London.
+      But Reid added, "We shouldn't forget that it has taken one
+  of the biggest stock market crashes in decades to get the West
+  Germans to cut their security repurchase rate by a 0.05
+  percentage point."
+      Over the weekend, criticism by Baker of earlier tightening
+  of West German monetary policy led to a sharp dollar fall and
+  fuelled speculation that the Louvre accord was no longer valid.
+      Six leading industrial nations agreed under February's
+  Louvre Accord to stabilise currencies and coordinate monetary
+  policies. It has since been reaffirmed by the Group of Seven -
+  the US, Japan, West Germany, Britain, France, Italy and Canada.
+      The Frankfurt meeting on Monday soothed currency markets
+  and the dollar gained over two pfennigs in after hours trading
+  in New York. At the Frankfurt fixing on Tuesday, the dollar was
+  quoted at 1.7918 marks compared with 1.7740 on Monday.
+      Guenther Aschoff, chief economist at Deutsche
+  Genossenschaftbank in Frankfurt said massive declines on world
+  stock markets had been the main reason for the fall in West
+  German short-term interest rates on Tuesday.
+      "The Bundesbank wanted to set a marker after stock market
+  losses... That was the responsible thing to do and if it fits
+  with Baker's wishes, then all the better," he said.
+      No central bank wants to let interest rates rise, and the
+  Bundesbank had been forced to put its rates up following rises
+  in the U.S., Aschoff said.
+      Poehl told a conference in Frankfurt on Tuesday the central
+  bank has no interest in higher capital market rates and he
+  thought the global rate increase was a cause for concern.
+      Giles Keating, economist with Credit Suisse First Boston
+  Ltd in London said "The cautious Bundesbank has beaten a retreat
+  and Baker has won a battle...But he hasn't won the war as the
+  security repurchase rate is still 20 points higher than it was
+  before the IMF meeting last month in Washington."
+      Before the IMF meeting, when the Louvre Accord was
+  reaffirmed, the Bundesbank was offering money market liquidity
+  at 3.60 pct, Keating noted.
+      Economists said the United States now appeared to have
+  agreed to play by the rules of the Louvre Accord and support
+  the dollar in return for the German action on interest rates.
+      Any further sharp decline of the dollar would hinder
+  Washington's efforts to reduce its trade deficit, Stoltenberg
+  told a news conference on Tuesday. He added he would not rule
+  out central banks of leading industrial countries intervening
+  on exchange markets to defend the dollar's value.
+      Deutsche Genossenschaftbank's Aschoff stressed West
+  Germany's heavy dependence on exports and the need for currency
+  stability. In addition, both the U.S. And West German central
+  banks were keen to avoid a dollar slide which would force them
+  to again spend vast sums intervening to support the dollar.
+  
+
diff --git a/reuters/test/20502 b/reuters/test/20502
new file mode 100644
index 0000000000000000000000000000000000000000..705cf8c2b57503f7ba8119adad6d2c2fb18fda0b
--- /dev/null
+++ b/reuters/test/20502
@@ -0,0 +1,11 @@
+LA PETITE ACADEMY INC <LPAI.O> 3RD QTR NET
+  Shr 13 cts vs nine cts
+      Net 2,062,000 vs 1,418,000
+      Revs 33.1 mln vs 26.9 mln
+      Nine mths
+      Shr 45 cts vs 33 cts
+      Net 7,053,000 vs 5,156,000
+      Revs 95.5 mln vs 75.7 mln
+      NOTE: Share adjusted for stock dividends.
+  
+
diff --git a/reuters/test/20507 b/reuters/test/20507
new file mode 100644
index 0000000000000000000000000000000000000000..9b7b89acd4428a3581c92c4675a5f7fe8007f146
--- /dev/null
+++ b/reuters/test/20507
@@ -0,0 +1,13 @@
+TELECONCEPTS CORP <TCC> 3RD QTR NET
+  Shr profit 14 cts vs profit one ct
+      Net profit 502,251 vs profit 22,012
+      Sales 4,715,846 vs 3,731,900
+      Avg shrs 3,489,342 vs 3,288,720
+      Nine mths
+      Shr profit 19 cts vs loss 20 cts
+      Net profit 637,305 vs loss 658,398
+      Sales 12.2 mln vs 9,806,301
+      Avg shrs 3,439,065 vs 3,288,720
+      Backlog 1,726,150 vs 739,540
+  
+
diff --git a/reuters/test/20511 b/reuters/test/20511
new file mode 100644
index 0000000000000000000000000000000000000000..bca0883bd049db72629da51b371b90a5de5ef050
--- /dev/null
+++ b/reuters/test/20511
@@ -0,0 +1,49 @@
+EC AGREES TRADE DEAL WITH ARGENTINA
+  The European Community (EC) agreed a
+  trade deal with Argentina designed to compensate the country
+  following the entry of Spain and Portugal into the group, EC
+  officials said.
+      Under the deal agreed by EC foreign ministers, Argentina
+  will gain additional trading rights on a series of products
+  including meat, fish and cereals by-products.
+      But ministers failed to agree on new trade deals with
+  Canada and Japan and are due to study these again, the
+  officials said.
+      The deal with Argentina was agreed by a majority of EC
+  states after West Germany withdrew objections to increased
+  quotas for Argentina on high-quality beef.
+      Ireland and France continued to oppose the deal on meat,
+  saying that the main dispute was over sales of cereals
+  substitutes, but they were outvoted by the other states, the
+  officials said. Under the deal, Argentina will benefit from
+  improved quotas on exports of beef to the EC. In particular the
+  quota on high-quality Hilton beef will be raised by 4,500
+  tonnes to 34,300 tonnes and quotas on frozen boneless beef will
+  be increased by 3,000 tonnes to 53,000 tonnes.
+      Argentina will also benefit from an additional quota of
+  5,000 tonnes of frozen hake fillets at 10 pct duty and reduced
+  levies on 550,000 tonnes of wheat bran, the officials said.
+      The improved trade terms were offered after Argentina said
+  that Spain and Portugal's entry into the EC affected their
+  exports of cereals substitutes to these two countries. They
+  have been negotiated under the rules of GATT (General Agreement
+  on Tariffs and Trade).
+      But officials said ministers had been unable to resolve
+  Canadian claims that its sales of certain fish to Spain had
+  been affected by the country's EC membership.
+      Officials said the EC had asked GATT to arbitrate on the
+  fish dispute with Canada.
+      Ministers also decided to continue talks with Japan. The EC
+  claims that Spain and Portugal's entry into the group has
+  improved trade conditions for Japan but has been unsatisfied
+  with Japanese offers of compensation.
+      Japan's main offers were to improve inspection systems on
+  citrus fruits to aid EC exports, to improve tariffs for some
+  other farm produce, to increase tariffs for leather footwear
+  and to offer better trade terms for Spain and Portugal.
+      EC External Trade Commissioner Willy De Clercq told
+  journalists: "We maintain our position that the (Japanese)
+  concessions were not enough."
+      "We hope that there will be an improvement," he said.
+  
+
diff --git a/reuters/test/20514 b/reuters/test/20514
new file mode 100644
index 0000000000000000000000000000000000000000..76731f04e1cf3d44d1f7329f17ab8d1e842a2d67
--- /dev/null
+++ b/reuters/test/20514
@@ -0,0 +1,6 @@
+WELLS FARGO AND CO <WFC> RAISES QUARTERLY DIV
+  Qtly div 50 cts vs 39 cts
+      Pay Jan 20
+      Record Dec 31
+  
+
diff --git a/reuters/test/20515 b/reuters/test/20515
new file mode 100644
index 0000000000000000000000000000000000000000..c9fe48ef8c04c78d79c0c18143b0f82c0eed2b71
--- /dev/null
+++ b/reuters/test/20515
@@ -0,0 +1,13 @@
+PETROLANE PARTNERS L.P. <LPG> 3RD QTR LOSS
+  Shr loss five cts vs profit six cts
+      Net loss 1.2 mln vs profit 1.4 mln
+      Revs 114.9 mln vs 109.3 mln
+      Nine months
+      Shr profit one dlrs vs profit 84 cts
+      Net profit 23.7 mln vs profit 19.9 mln
+      Revs 430.9 mln vs 435.4 mln
+      NOTE: Results are in pro forma form. Partnership became
+  public on March 19, 1987. Previous results reported from Texas
+  Eastern Corp's <TET> Petrolane Inc domestic division.
+  
+
diff --git a/reuters/test/20517 b/reuters/test/20517
new file mode 100644
index 0000000000000000000000000000000000000000..e9502371c366a46892a09537ca17221459ad2d1f
--- /dev/null
+++ b/reuters/test/20517
@@ -0,0 +1,27 @@
+VALERO ENERGY CORP <VLO> 3RD QTR LOSS
+  Shr loss 1.31 dlrs vs loss 1.80 dlrs
+      Net loss 31.2 mln vs loss 42.6 mln
+      Revs 168.5 mln vs 147.3 mln
+      Nine mths
+      Shr loss 15 cts vs loss 4.32 dlrs
+      Net profit 3.2 mln vs loss 101 mln
+      REvs 446.1 mln vs 490.7 mln
+      NOTE: All periods toher than 1987 3rd qtr are pro forma.
+      NOTE: 1987 3rd qtr includes a 10.6 mln dlrs or 41 ct a
+  share after-tax loss from discontinued operations mainly from
+  sale of assets of oil and gas exploration and production
+  subsidiary on September 30.
+      1987 3rd qtr also includes an extraordinary 11.4 mln dlrs
+  or 45 cts a share for planned redemtion of company's 16-1/4 pct
+  subordinated debentures.
+      1987 nine mths net includes a loss of 56.6 mln dlrs or 2.26
+  dlrs a share for discontinued operations. 1987 per share loss
+  is after deducting for preferred stock dividends.
+     
+      1987 nine mths net also includes after-tax gain of 44.3 mln
+  dlrs or 1.74 dlrs per share for formation of Valero Natural Gas
+  Partners L.P.
+      1986 3rd qtr includes after tax loss from discontinued
+  operations of 31.5 mln dlrs or 1.26 dl share.
+  
+
diff --git a/reuters/test/20523 b/reuters/test/20523
new file mode 100644
index 0000000000000000000000000000000000000000..4811af63f833504feb2e89d11b9aa025b31c4621
--- /dev/null
+++ b/reuters/test/20523
@@ -0,0 +1,12 @@
+AMERICAN FILTRONA CORP <AFIL.O> 3RD QTR
+  Shr 31 cts vs 36 cts
+      Net 1,156,000 vs 1,358,000
+      Revs 31.2 mln vs 28.6 mln
+      Nine mths
+      Shr 1.10 dlrs vs 1.20 dlrs
+      Net 4,064,000 vs 4,525,000
+      Revs 91.3 mln vs 86.4 mln
+      NOTE: 1987 3rd qtr includes a charge of 700,000 dlrs or 19
+  cts a share for relocation costs for phase out some operations.
+  
+
diff --git a/reuters/test/20525 b/reuters/test/20525
new file mode 100644
index 0000000000000000000000000000000000000000..6b81f4ea9b22598e3802b8bbce0475691e119fe7
--- /dev/null
+++ b/reuters/test/20525
@@ -0,0 +1,10 @@
+STANADYNE <STNA.O> PURCHASES AMBAC STAKE
+  Stanadyne Inc said it has acquired
+  a substnatial majority of AMBAC S.p.A.'s outstanding stock from
+  <AIL Corp>, the successor to United Technologies Corp's <UTX>
+  Diesel Systems Division for undisclosed terms.
+      In addition to purchase a majority of the Brescia, Italy,
+  based company, Stanadyne said, it acquired a minority interest
+  in AMBAC's U.S. operation headquartered in Columbia, S.C.
+  
+
diff --git a/reuters/test/20527 b/reuters/test/20527
new file mode 100644
index 0000000000000000000000000000000000000000..ae25f9e1fa3f9e26ffa14b71f45ff5720b2ae3d5
--- /dev/null
+++ b/reuters/test/20527
@@ -0,0 +1,11 @@
+FAMILY STEAK HOUSES OF FLORIDA INC <RYFL.O> 3RD
+  Shr four cts vs two cts
+      Net 406,659 vs 210,575
+      Revs 6,028,263 vs 3,654,810
+      nine mths
+      Shr 11 cts vs seven cts
+      Net 1,151,988 vs 576,358
+      Revs 16.9 mln vs 9,684,002
+      Avg shrs 10.9 mln vs 8,632,800
+  
+
diff --git a/reuters/test/20529 b/reuters/test/20529
new file mode 100644
index 0000000000000000000000000000000000000000..1e55f75efbd77365324329e0d3600a2262b3b316
--- /dev/null
+++ b/reuters/test/20529
@@ -0,0 +1,18 @@
+ECOLAB INC <ECL> 3RD QTR OPER SHR
+  Oper shr 16 cts vs 34 cts
+      Oper net 4,255,000 vs 9,299,000
+      Revs 294.4 mln vs 155.7 mln
+      Nine mths
+      Oper shr 1.24 dlrs vs 1.06 dlrs
+      Oper net 33.0 mln vs 28.8 mln
+      Revs 740.5 mln vs 457.5 mln
+      NOTE: 1987 results include restructuring and non-recurring
+  charge of 89 cts a share to restructure ChemLawn, acquired in
+  April 1987, and other recent acquisitions. Results exclude gain
+  on sale of discontinued operations of 97 mln dlrs or 3.60 dlrs
+  a share in 1987 3rd qtr. Results also exclude income from
+  discontinued operations of 3,063,000 dlrs in 1987 nine mths, of
+  503,000 dlrs or two cts in 1986 3rd qtr, and 5,804,000 dlrs or
+  21 cts in 1986 nine mths.
+  
+
diff --git a/reuters/test/20531 b/reuters/test/20531
new file mode 100644
index 0000000000000000000000000000000000000000..b7074d649c92878a6a4dfa574e7ae385b0ddd9cd
--- /dev/null
+++ b/reuters/test/20531
@@ -0,0 +1,10 @@
+MERCHANTS NATIONAL CORP <MCHN.O> 3RD QTR NET
+  Shr 75 cts vs 64 cts
+      Net 11.0 mln vs 9,379,000
+      Nine mths
+      Shr 44 cts vs 1.78 dlrs
+      Net 6,411,000 vs 25.4 mln
+      NOTE: 1987 nine mths net reflects 30 mln dlr addition to
+  Latin American loan loss provision.
+  
+
diff --git a/reuters/test/20532 b/reuters/test/20532
new file mode 100644
index 0000000000000000000000000000000000000000..ea830f46bda5f1d897983278b903797a7e5eaf4b
--- /dev/null
+++ b/reuters/test/20532
@@ -0,0 +1,14 @@
+LAWSON SAYS UK INTEREST RATE PROSPECTS UNCHANGED
+  U.K. Chancellor of the Exchequer Nigel
+  Lawson said the collapse of British share prices this week held
+  no implication so far for domestic interest rates.
+      He said in a television interview that "there is nothing in
+  the events of the past few days to increase the upward pressure
+  on (U.K.) interest rates."
+      Sterling has so far stayed solid during the crisis, backed
+  by strong economic fundamentals and by 10 pct bank base lending
+  rates, analysts said. Lawson's comments followed another
+  frantic day in London's financial center, where British shares
+  closed 12.2 pct down on the day.
+  
+
diff --git a/reuters/test/20533 b/reuters/test/20533
new file mode 100644
index 0000000000000000000000000000000000000000..418300dc4d67b3c451dad8d64949a7031e1fac8c
--- /dev/null
+++ b/reuters/test/20533
@@ -0,0 +1,22 @@
+LORAL CORP <LOR> 2ND QTR SEPT 30
+  Shr 70 cts vs 53 cts
+      Net 17.3 mln vs 12.9 mln
+      Revs 336.9 mln vs 157.5 mln
+      Six mths
+      Shr 1.34 dlrs vs 1.07 dlrs
+      Net 33.0 mln vs 26.3 mln
+      Revs 654.7 mln vs 310.1 mln
+      Backlog 1.9 billion vs 851.8 mln
+     
+      NOTE: Year ago qtr and six mths included after net charge
+  of about four cts per shr representing the difference between a
+  gain on the sale of securities and the write-off of certain
+  nonrecurring costs.
+      In addition, the six mths 1986 includes a 2.3 mln dlr gain
+  on the sale of a unit and a one mln dlr writedown of a minority
+  interest investment.
+      Results for the qtr and the six mths in current year
+  include Loral Systems Group, formerly Goodyear Aerospace,
+  acquired in March 1987.
+  
+
diff --git a/reuters/test/20535 b/reuters/test/20535
new file mode 100644
index 0000000000000000000000000000000000000000..3882aaa54015d58866eeacf6a8d2e245f5313b23
--- /dev/null
+++ b/reuters/test/20535
@@ -0,0 +1,16 @@
+CITIZENS AND SOUTHERN CORP <CSOU.O> 3RD QTR NET
+  Shr 75 cts vs 67 cts
+      Qtly div 28 cts vs 25 cts prior
+      Net 46.8 mln vs 39.8 mln
+      Avg shrs 60.3 mln vs 57.7 mln
+      Nine mths
+      Shr 1.73 dlrs vs 1.95 dlrs
+      Net 108.3 mln vs 114.7 mln
+      Avg shrs 59.9 mln vs 56.8 mln
+      NOTE: 1987 nine mths net includes special 15 mln dlr loan
+  loss provision.
+      1987 nine mths net includes 16.6 mln dlr charge for
+  settlement of suit.
+      Dividend pay Dec 15, record Nov 30.
+  
+
diff --git a/reuters/test/20545 b/reuters/test/20545
new file mode 100644
index 0000000000000000000000000000000000000000..7de83c8f31bf9964fdfa7f786e83dd5bfc10c6b3
--- /dev/null
+++ b/reuters/test/20545
@@ -0,0 +1,20 @@
+ALEX BROWN INC <ABSB.O> 3RD QET
+  Sept 25 end
+      Primary shr 31 cts vs 22 cts
+      Diluted shr 30 cts vs 21 cts
+      Net 5,019,000 vs 3,165,000
+      Revs 80.1 mln vs 57.2 mln
+      Primary avg shrs 16,306,000 vs 14,495,000
+      Diluted avg shrs 17,266,000 vs 15,827,000
+     
+      Nine months
+      Primary shr 1.27 dlrs vs 1.07 dlrs
+      Diluted shr 1.23 dlrs vs 1.03 dlrs
+      Net 20.2 mln vs 15.5 mln
+      Revs 244.5 mln vs 181.5 mln
+      Primary avg shrs 15,875,000 vs 14,495,000
+      Diluted avg shrs 16,853,000 vs 15,280,000
+      NOTE: Results are pro forma, assuming that company was
+  public throughout 1986. Company became public Feb 14, 1986.
+  
+
diff --git a/reuters/test/20546 b/reuters/test/20546
new file mode 100644
index 0000000000000000000000000000000000000000..7c841f440b59c5c99e10b74fb409a3e30911870c
--- /dev/null
+++ b/reuters/test/20546
@@ -0,0 +1,28 @@
+BANCTEXAS GROUP INC <BTX> 3RD QTR OPER LOSS
+  Oper shr loss 1.23 dlrs vs loss 57.50 dlrs
+       Oper net loss 17,154,000 vs loss 26,953,000
+       Avg shrs 13,914,000 vs 476,000
+       Nine mths
+       Oper shr loss 12.74 dlrs vs loss 76.94 dlrs
+       Oper net loss 63,774,000 vs loss 35,207,000
+       Avg shrs 5,005,000 vs 474,000
+       Assets 785.3 mln vs 1.27 billion
+       Deposits 625.6 mln vs 938.8 mln
+       Loans 565.6 mln vs 826.9 mln 
+       NOTE: July 17, 1987, company completed recapitalization
+  with injection of 200 mln dlrs in cash, 150 mln from the
+  Federal Deposit Insurance Corp and 50 mln dlrs raised through a
+  stock rights offering.
+       1987 qtr and nine mths exclude gain of 22 mln dlrs
+  realized primarily from early settlement of debt in connection
+  with the recapitalization and a three mln dlr loss on
+  investment securities.
+       1986 qtr and nine mths exclude 3.6 mln dlr gain on
+  investment securities.     
+       1986 nine mths excludes gain of 3.4 mln dlrs from sale of
+  subsidiary bank
+       1986 and 1987 shr and avg shrs restated for one-for-50
+  reverse stock split. Number of shrs outstanding at Sept 30,
+  1987, was 16,744.        
+  
+
diff --git a/reuters/test/20548 b/reuters/test/20548
new file mode 100644
index 0000000000000000000000000000000000000000..b405407c85b2ad2086bf5887fd237ef7d6a7958c
--- /dev/null
+++ b/reuters/test/20548
@@ -0,0 +1,10 @@
+GOTAAS-LARSEN SHIPPING CORP <GOTLF.O> 3RD QTR
+  Shr 80 cts vs 62 cts
+      Net 11.1 mln vs 8,545,000
+      Revs 68.6 mln vs 41.9 mln
+      Nine mths
+      Shr 1.96 dlrs vs 1.88 dlrs
+      Net 26.8 mln 24.1 mln
+      Revs 180.1 mln vs 126.3 mln
+  
+
diff --git a/reuters/test/20550 b/reuters/test/20550
new file mode 100644
index 0000000000000000000000000000000000000000..d0043aa57fedd120a8e999616acc0a4c34b65077
--- /dev/null
+++ b/reuters/test/20550
@@ -0,0 +1,14 @@
+ARGENTINA SETS NEW SUPPORT PRICES FOR GRAINS
+  Argentina's agriculture secretariat
+  set new support prices for grains and oilseeds, an official
+  statement said.
+      It said the support price for wheat was hiked to 300
+  Australs per tonne from 250 previously and for sunflowerseed
+  from northwestern Argentina to 450 Australs from 360
+  previously. It said the price went into effect Monday.
+      The secretariat said the support price of sorghum was
+  increased to 210 Australs per tonne from 200 Australs
+  previously and for maize to 250 Australs from 220 Australs
+  previously.
+  
+
diff --git a/reuters/test/20552 b/reuters/test/20552
new file mode 100644
index 0000000000000000000000000000000000000000..9ab1da180afd63406de7e4198dca98d3d5f1cd9e
--- /dev/null
+++ b/reuters/test/20552
@@ -0,0 +1,6 @@
+SCIENCE ACCESSORIES <SEAS.O> ENDS PURCHASE TALKS
+  Science Accessories Corp said it
+  has ended talks on acquiring privately-held Owl Electronics
+  Laborarories Inc because it could not reach satisfactory terms.
+  
+
diff --git a/reuters/test/20557 b/reuters/test/20557
new file mode 100644
index 0000000000000000000000000000000000000000..f44bb9709f04db64672f9fe358cd981a471ed6f8
--- /dev/null
+++ b/reuters/test/20557
@@ -0,0 +1,13 @@
+GREATER NEW YORK SAVINGS BANK <GRTR.O> 3RD QTR
+  Shr 57 cts vs N/A
+      Net 7,222,000 vs 6,959,000
+      Nine mths
+      Shr N/A vs N/A
+      Net 17.6 mln vs 24.8 mln
+      Assets 2.7 billion vs 2.3 billion
+      NOTE: Year-ago per shr amts not available as bank converted
+  to stock ownership June 24, 1987. 1987 3rd qtr and nine mths
+  has 2.9 mln and 7.4 mln dlrs for tax credits. 1986 3rd and nine
+  mths 2.1 mln and 7.9 mln dlrs for tax credits.
+  
+
diff --git a/reuters/test/20558 b/reuters/test/20558
new file mode 100644
index 0000000000000000000000000000000000000000..b760ff79eabc3197af0ddd41b47a858a9857ee5b
--- /dev/null
+++ b/reuters/test/20558
@@ -0,0 +1,7 @@
+CONSOLIDATED FIBRES INC <CFIB.O> 1ST QTR NET
+  Qtr ended Sept 30
+      Shr 40 cts vs 20 cts
+      Net 797,000 vs 403,000
+      Sales 30.8 mln vs 27.3 mln
+  
+
diff --git a/reuters/test/20561 b/reuters/test/20561
new file mode 100644
index 0000000000000000000000000000000000000000..5831803f43ad8b2c97db8e787fd6c9a255b0d11b
--- /dev/null
+++ b/reuters/test/20561
@@ -0,0 +1,12 @@
+COMPUTER TASK GROUP INC <TSK> 3RD QTR NET
+  Shr 17 cts vs 16 cts
+      Net 1,315,000 vs 1,161,000
+      Revs 43.2 mln vs 36.5 mln
+      Avg shrs 7,916,000 vs 7,490,000
+      Nine mths
+      Shr 50 cts vs 51 cts
+      Net 3,899,000 vs 3,821,000
+      Revs 123.7 mln 104.6 mln
+      Avg shrs 7,808,000 vs 7,491,000
+  
+
diff --git a/reuters/test/20562 b/reuters/test/20562
new file mode 100644
index 0000000000000000000000000000000000000000..e66f28b48c276ff57d1be95c93ca6e4df4095f1e
--- /dev/null
+++ b/reuters/test/20562
@@ -0,0 +1,12 @@
+SIMPSON INDUSTRIES INC <SMPS.O> 3RD QTR NET
+  Shr 18 cts vs 24 cts
+      Net 1,175,000 vs 1,528,000
+      Sales 34 mln vs 34.6 mln
+      Nine mths
+      Shr 56 cts vs 1.12 dlrs
+      Net 3,578,000 vs 7,040,000
+      Sales 109.3 mln vs 116.6 mln
+      Note: 1986 figures include 508,000 dlr gain or
+  eight cts a share from discontinued operations
+  
+
diff --git a/reuters/test/20564 b/reuters/test/20564
new file mode 100644
index 0000000000000000000000000000000000000000..cd6c831ec30da09a92e5b2c9bb4dc5b4a26bb840
--- /dev/null
+++ b/reuters/test/20564
@@ -0,0 +1,10 @@
+NETWORK SYSTEMS CORP <NSCO.O> 3RD QTR NET
+  Shr 20 cts vs 16 cts
+      Net 5,849,000 vs 4,630,000
+      Revs 33.8 mln vs 27.1 mln
+      Nine mths
+      Shr 41 cts vs 40 cts
+      Net 11.9 mln vs 11.5 mln
+      Revs 84.6 mln vs 77.2 mln
+  
+
diff --git a/reuters/test/20566 b/reuters/test/20566
new file mode 100644
index 0000000000000000000000000000000000000000..8cfdc1604bbfda06772d2a70cf2dba5d9a0fbc85
--- /dev/null
+++ b/reuters/test/20566
@@ -0,0 +1,11 @@
+PITTSBURGH AND WEST VIRGINIA <PW> 3RD QTR NET
+  Shr 14 cts vs 14 cts
+      Net 213,000 vs 210,000
+      Revs 229 mln vs 229 mln
+      Nine months
+      Shr 42 cts vs 42 cts
+      Net 630,000 vs 628,000
+      Revs 689,000 vs 689,000
+      NOTE: Full name Pittsburgh and West Virginia Railroad.
+  
+
diff --git a/reuters/test/20567 b/reuters/test/20567
new file mode 100644
index 0000000000000000000000000000000000000000..490790606bfcfa7d0edaac9ee83967fcb041e081
--- /dev/null
+++ b/reuters/test/20567
@@ -0,0 +1,7 @@
+NATIONAL MICRONETICS INC <NMIC.O> 1ST QTR
+  1st qtr ended September 26.
+      Shr profit two cts vs loss 20 cts
+      Net profit 156,000 vs loss 1,816,000
+      Revs 8,751,000 vs 7,123,000
+  
+
diff --git a/reuters/test/20569 b/reuters/test/20569
new file mode 100644
index 0000000000000000000000000000000000000000..461ccdf1d2e82f761118ffdf9e6b1864ea58801c
--- /dev/null
+++ b/reuters/test/20569
@@ -0,0 +1,20 @@
+PUBLIC SERVICE ENTERPRISE <PEG> 3RD QTR NET
+  Shr 78 cts vs 87 cts
+      Net 159.3 mln vs 174.9 mln
+      Revs one billion vs 1.06 billion
+      Avg shrs 204,335,958 vs 200,471,561
+      Nine months
+      Shr 2.18 dlrs vs 2.36 dlrs
+      Net 443 mln vs 469.6 mln
+      Revs 3.2 billion vs 3.4 billion
+      Avg shrs 203,375,222 vs 199,108,842
+      12 months
+      Shr 1.73 dlrs vs 2.44 dlrs
+      Net 351.9 mln vs 481.5 mln
+      Revs 4.3 billion vs 4.5 billion
+      Avg shrs 202,900,311 vs 197,320,979
+      NOTE: Full name Public Service Enterprise Group Inc
+      All results reflect three-for-two stock split, effective
+  July 1, 1987.
+  
+
diff --git a/reuters/test/20583 b/reuters/test/20583
new file mode 100644
index 0000000000000000000000000000000000000000..2de4a478c5c76d290c606eb71a213066f82a39bd
--- /dev/null
+++ b/reuters/test/20583
@@ -0,0 +1,12 @@
+P AND C FOODS INC <FOOD.O> 3RD QTR OCT 3 NET
+  Shr 40 cts vs 35 cts
+      Net 3,149,000 vs 2,433,000
+      Revs 225.4 mln vs 225.9 mln
+      Avg shrs 7,800,000 vs 7,157,143
+      Nine mths
+      Shr 91 cts vs 63 cts
+      Net 7,114,000 vs 4,540,000
+      Revs 747.0 mln vs 728.2 mln
+      Avg shrs 7,800,000 vs 6,767,143
+  
+
diff --git a/reuters/test/20584 b/reuters/test/20584
new file mode 100644
index 0000000000000000000000000000000000000000..afe6c6954e863a0f13ca3166491025d5befdca52
--- /dev/null
+++ b/reuters/test/20584
@@ -0,0 +1,9 @@
+TOTAL CAPITAL ACQUIRES DUNHILL COMPACT
+  <Total Capital Corp> said it acquired
+  <Dunhill Compact Classics Inc> for an unspecified amount of
+  stock.
+      The surviving company will be controlled by Dunhill's
+  principals, Total Capital said.
+      Dunhill makes compact discs.
+  
+
diff --git a/reuters/test/20586 b/reuters/test/20586
new file mode 100644
index 0000000000000000000000000000000000000000..ad4f407bfbfd253d96770fc68c77418db403db64
--- /dev/null
+++ b/reuters/test/20586
@@ -0,0 +1,12 @@
+AMERICAN BUSINESS PRODUCTS INC <ABP> 3RD QTR
+  Oper shr 40 cts vs 47 cts
+      Oper net 2,292,000 vs 2,688,000
+      Sales 81.9 mln vs 78.9 mln
+      Nine mths
+      Oper shr 1.20 dlrs vs 1.40 dlrs
+      Oper net 6,842,000 vs 7,978,000
+      Sales 244.7 mln vs 234.2 mln
+      NOTE: 1986 net both periods excludes 2,223,000 dlr special
+  charge.
+  
+
diff --git a/reuters/test/20593 b/reuters/test/20593
new file mode 100644
index 0000000000000000000000000000000000000000..24b574a8424936e908e7986721ab4b9a895437ee
--- /dev/null
+++ b/reuters/test/20593
@@ -0,0 +1,10 @@
+BEMIS CO <BMS> 3RD QTR NET
+  Shr 61 cts vs 50 cts
+      Net 8,273,000 vs 6,913,000
+      Sales 226.0 mln vs 215.9 mln
+      Nine mths
+      Shr 1.60 dlrs vs 1.25 dlrs
+      Net 21,771,000 vs 17,369,000
+      Sales 688.3 mln vs 635.8 mln
+  
+
diff --git a/reuters/test/20596 b/reuters/test/20596
new file mode 100644
index 0000000000000000000000000000000000000000..c53455c97feb28f6a9ff38d888a7b681e950abbf
--- /dev/null
+++ b/reuters/test/20596
@@ -0,0 +1,11 @@
+TOLLAND BANK FSB <TOBK.O> 2ND QTR NET
+  Sept 30 end
+      Shr 27 cts
+      Net 313,000 vs 323,000
+      Six months
+      Shr 53 cts
+      Net 607,000 vs 636,000
+      Assets 107.8 mln vs 77.1 mln
+      NOTE: Company became public Dec 31, 1986
+  
+
diff --git a/reuters/test/20598 b/reuters/test/20598
new file mode 100644
index 0000000000000000000000000000000000000000..345deba011d47de69d74b555fe7fc353ba643f19
--- /dev/null
+++ b/reuters/test/20598
@@ -0,0 +1,15 @@
+WESTERN CO OF NORTH AMERICA <WSN> 3RD QTR LOSS
+  Shr loss 39 cts vs loss 4.83 dlrs
+      Net 16.3 mln vs loss 223.0 mln
+      Revs 47.4 mln vs 30.7 mln
+      Nine mths
+      Shr loss 3.37 dlrs vs loss 7.30 dlrs
+      Net loss 151.6 mln vs loss 340.3 mln
+      Revs 118.9 mln vs 161.8 ml
+     
+      NOTE: 1987 qtr includes loss 1,500,000 dlrs for
+  mobilization costs associated with two offshore drilling rigs.
+      1986 qtr includes charge 187 mln dlrs for write-down of
+  oilfield services equipment and offshore drilling rigs.
+  
+
diff --git a/reuters/test/20600 b/reuters/test/20600
new file mode 100644
index 0000000000000000000000000000000000000000..a2afde2ceb40384b6e2ad50a28bc4cd3df3c64ee
--- /dev/null
+++ b/reuters/test/20600
@@ -0,0 +1,12 @@
+COACHMEN INDUSTRIES <COA> 3RD QTR NET
+  Shr loss eight cts vs profit six cts
+      Net loss 669,609 vs profit 530,641
+      Sales 94.9 mln vs 83.9 mln
+      Avg shrs 7,934,064 vs 8,220,797
+      Nine mths
+      Shr profit 19 cts vs profit 55 cts
+      Net profit 1,494,218 vs profit 4,486,510
+      Sales 289.1 mln vs 276.6 mln
+      Avg shrs 7,930,961 vs 8,208,033
+  
+
diff --git a/reuters/test/20605 b/reuters/test/20605
new file mode 100644
index 0000000000000000000000000000000000000000..09526f7384433f53a0050454d5d30ac05c69dfc9
--- /dev/null
+++ b/reuters/test/20605
@@ -0,0 +1,11 @@
+DIAMOND CRYSTAL <DSLT.O> 2ND QTR SEPT 30 NET
+  Shr 69 cts vs 39 cts
+      Net 1,767,000 vs 1,007,000
+      Sales 32.3 mln vs 29.2 mln
+      Six mths
+      Shr 53 cts vs 12 cts
+      Net 1,348,000 vs 319,000
+      Sales 62.2 mln vs 55.2 mln
+      NOTE: Full name is Diamond Crystal Salt Co.
+  
+
diff --git a/reuters/test/20606 b/reuters/test/20606
new file mode 100644
index 0000000000000000000000000000000000000000..61c99d377f207158292049bc032ffe71e7ee1dec
--- /dev/null
+++ b/reuters/test/20606
@@ -0,0 +1,11 @@
+KMW SYSTEMS CORP <KMW> 1ST QTR NET
+  Sept 30 end
+      Primary shr five cts vs eight cts
+      Diluted shr five cts vs eight cts
+      Net 100,000 vs 176,000
+      Revs 4,027,000 vs 3,649,000
+      Primary avg shrs 2,212,281 vs 2,189,000
+      Diluted avg shrs 2,212,281 vs 2,330,866
+      NOTE: 1986 results includes a tax credit of 90,000 dlrs
+  
+
diff --git a/reuters/test/20611 b/reuters/test/20611
new file mode 100644
index 0000000000000000000000000000000000000000..ee0c4bfaf6e1518b5423fa62e3140b76e756bd7e
--- /dev/null
+++ b/reuters/test/20611
@@ -0,0 +1,14 @@
+CCC PREPARING WHEAT CATALOGUE
+  The Kansas City Commodity Credit Corp
+  office is preparing a wheat catalogue containing roughly 300
+  mln bushels, scheduled to be released in the next two to three
+  weeks, a CCC spokesman said.
+      The catalogue should include all CCC stocks stored at
+  terminals and about 50 pct of the stocks stored at country
+  elevators, the spokesman said. Hard red winter wheat should
+  comprise the bulk of the stocks, followed by spring wheat, he
+  said.
+      The release date is tentative in case there are snags in
+  the catalogue's preparation, the spokesman said.
+  
+
diff --git a/reuters/test/20618 b/reuters/test/20618
new file mode 100644
index 0000000000000000000000000000000000000000..1dddb28e8999cf982ade12592502a4bc313702ab
--- /dev/null
+++ b/reuters/test/20618
@@ -0,0 +1,19 @@
+OWENS-ILLINOIS <OI> EXTENDS BROCKWAY <BRK> OFFER
+  Owens-Illinois Inc said its
+  subsidiary's 60 dlr a share cash tender offer for all the
+  outstanding common shares of Brockway Inc has been extended to
+  midnight October 30.
+      The offer had been scheduled to expire at midnight October
+  21.
+      Owens-Illinois said that as of Oct 19, 1,598,789 common
+  shares, or about 13 pct of the outstanding shares of Brockway
+  have been tendered.
+      It said it and Brockway are preparing responses to the
+  previously announced request for additional information from
+  the Federal Trade Commission under the Hart-Scott-Rodino Act.
+      The Owens-Illinois subsidiary, which began the tender offer
+  on September 23, will not be able to buy Brockway's common
+  shares until 10 days following Owens-Illinois compliance with
+  the FTC request or other conditions.
+  
+
diff --git a/reuters/test/20620 b/reuters/test/20620
new file mode 100644
index 0000000000000000000000000000000000000000..79e878ff29817cb7d42eb39adc2de7fdb82b0320
--- /dev/null
+++ b/reuters/test/20620
@@ -0,0 +1,17 @@
+WEST VIRGINIA FREE OF TWO MAJOR CATTLE DISEASES
+  West Virginia has been declared free
+  of tuberculosis and brucellosis from its cattle population, the
+  U.S. Agriculture Department said.
+      It said a state is recognized as tuberculosis-free if no
+  case of the disease is diagnosed for at least five years and if
+  the state complies with the uniform methods and rules of the
+  state-federal cooperative eradication program.
+      To achieve brucellosis-free status, a state's cattle
+  population must remain uninfected for the previous 12 months.
+      There are 33 states, plus the U.S. Virgin Islands,
+  classified as free of bovine tuberculosis and 24 states, plus
+  Puerto Rico and the U.S. Virgin Islands, which have eradicated
+  brucellosis. Only 20 states and the U.S. Virgin islands have
+  eradicated both diseases, it noted.
+  
+
diff --git a/reuters/test/20624 b/reuters/test/20624
new file mode 100644
index 0000000000000000000000000000000000000000..1c8c59109cb685059fbcf081abc825cf09358491
--- /dev/null
+++ b/reuters/test/20624
@@ -0,0 +1,21 @@
+US SENATE CUTS OFF STALL TACTICS ON GULF BILL
+  Confronted by new hostilities
+  involving U.S. forces in the Gulf, the U.S. Senate voted to end
+  Republican stalling tactics and limit debate on a measure that
+  could give Congress a larger role in Gulf policy.
+      The measure, however, does not require President Reagan to
+  comply with the 1973 War Powers Act as does a related Senate
+  bill. The controversial War Powers Act could require a pullout
+  of U.S. forces from the Gulf.
+      The Senate voted 67-28 to stop a filibuster and limit
+  debate to 30 hours on a bipartisan measure that requires Reagan
+  to report to Congress on Gulf policy within 60 days and calls
+  for a resolution to be passed in the House and Senate on the
+  situation in the volatile waterway 30 days later.
+      The resolution could be about any Gulf-related issue,
+  including an expression of support or of disapproval for
+  Reagan's policy of protecting 11 Kuwaiti tankers from Iran in
+  the waterway. The Pentagon said the 12th U.S.-protected convoy
+  began moving through the Gulf early Tuesday.
+  
+
diff --git a/reuters/test/20628 b/reuters/test/20628
new file mode 100644
index 0000000000000000000000000000000000000000..a31d4e9c9d129116840a6855f77e00edd1759f33
--- /dev/null
+++ b/reuters/test/20628
@@ -0,0 +1,21 @@
+INGERSOLL-RAND CO <IR> 3RD QTR NET
+  Shr 41 cts vs 39 cts
+      Net 22.3 mln vs 20.4 mln
+      Revs 631.1 mln vs 644.8 mln
+      Avg shrs 51,551,000 vs 50,128,000
+      Nine months
+      Shr 1.16 dlrs vs 1.13 dlrs
+      Net 64.3 mln vs 59.6 mln
+      Revs 1.90 billion vs 2.03 billion
+      Avg shrs 50,868,000 vs 50,028,000
+     
+      NOTE: All results reflect five-for-two common stock split
+  payable in the form of a stock dividend payable July 10, 1987.
+      1986 results include gains from retroactive adoption of new
+  accounting rules for pension on Jan 1, 1986 of 2.6 mln and 7.7
+  mln dlrs for third quarter and nine month periods,
+  respectively.
+       Company redeemed its outstanding preference stock, 2.35
+  dlrs convertible series on Sept 14, 1987.
+  
+
diff --git a/reuters/test/20630 b/reuters/test/20630
new file mode 100644
index 0000000000000000000000000000000000000000..84fbe2c90a2b50045bc8dc4f332780a8eab6d32c
--- /dev/null
+++ b/reuters/test/20630
@@ -0,0 +1,10 @@
+SJW CORP <SJW> 3RD QTR NET
+  Shr 1.15 dlrs vs 1.22 dlrs
+      Net 3,301,000 vs 3,466,000
+      Revs 21.2 mln vs 20.8 mln
+      Nine Mths
+      Shr 2.38 dlrs vs 2.58 dlrs
+      Net 6,873,000 vs 7,397,000
+      Revs 51.6 mln vs 50.3 mln
+  
+
diff --git a/reuters/test/20631 b/reuters/test/20631
new file mode 100644
index 0000000000000000000000000000000000000000..6ac9ad7a6e65a874a7b5d6b1275ac771bec81b20
--- /dev/null
+++ b/reuters/test/20631
@@ -0,0 +1,23 @@
+STOLTENBERG SAYS CRITICISM NOT "ONE-WAY STREET"
+  Finance Minister Gerhard Stoltenberg said he
+  was surprised by recent criticism of West German economic
+  policies voiced by U.S. Treasury Secretary James Baker but
+  added that the criticism was not purely one-sided.
+      Stoltenberg told the West German Trade and Industry
+  Association (DIHT) that before a meeting with Baker on Monday,
+  "There had been surprising notes of criticism (from the United
+  States)." He added. "Criticism is not a one-way street."
+      He did not elaborate, but Bonn has often called on the U.S.
+  To reduce its federal budget deficit.
+      Over the weekend Baker had criticised West German economic
+  policies, saying that rises in domestic interest rates here
+  were not in the spirit of last February's Louvre pact to
+  stabilise currencies.
+      Stoltenberg told the DIHT that his meeting on Monday with
+  Baker had resolved differences between the two countries.
+      At a news conference earlier on Tuesday Stoltenberg had
+  declined to comment specifically on Baker's criticisms, but he
+  had said that after three hours of discussions on Monday, "one
+  remark or another has been clarified."
+  
+
diff --git a/reuters/test/20632 b/reuters/test/20632
new file mode 100644
index 0000000000000000000000000000000000000000..73a8e7cbaa9328e3cd2c06df2f0187d7da7c028f
--- /dev/null
+++ b/reuters/test/20632
@@ -0,0 +1,51 @@
+US RULED OUT ATTACK ON IRANIAN SILKWORMS
+  U.S. military planners ruled out
+  Iran's Silkworm missiles as a target in the retaliatory attack
+  mounted on Monday for fear of being drawn more deeply into the
+  Iran-Iraq war, defense and Middle East experts said.
+      U.S. naval forces destroyed an offshore oil platform and
+  raided another in what the administration called a "measured and
+  appropriate response" to an Iranian Silkworm missile attack last
+  Friday on a U.S.-flagged tanker in Kuwaiti waters.
+      Private analysts generally agreed that going after the rig
+  rather than an onshore economic or military target such as
+  Silkworm launch sites reflected a careful bid by Washington to
+  limit the political, military and diplomatic fallout both at
+  home and in the Gulf.
+      "It simply demonstrated the United States will take military
+  action when they (Iran) take military action," Norman Polmar, a
+  defense analyst and author, said.
+      He said hitting the platforms had spared Iran the
+  embarrassment of casualties on its own soil, possibly avoiding
+  an escalating spiral of attack and counterattack.
+      In addition, it minimized the risk to U.S. forces and the
+  potential embarrassment of any losses, including aircraft that
+  could have been shot down had they taken part in an attack.
+      Anthony Cordesman, author of a new book on the Iran-Iraq
+  war, said the United States apparently chose a limited target
+  to keep alive the possibility that U.N. Secretary General
+  Javier Perez de Cuellar might still persuade Iran to accept a
+  Security Council call for a ceasefire.
+      "We want the U.N. peace initiative to work if there's any
+  chance at all," he said, adding that the action made it clear
+  tougher steps would follow if Iran to attack Gulf shipping.
+  
+     In targeting an oil rig -- albeit one said by the Pentagon
+  to have been turned into a military command post -- Washington
+  also sent a message that it might be willing to attack Iran's
+  economic lifeline. Pentagon officials said the platform had
+  been used as a base for Iranian raids against shipping in the
+  lower Gulf.
+      "We have chosen a military target, but we also have shown
+  Iran that we are willing to interfere with its oil-exporting
+  capabilities," Cordesman said.
+      He predicted the United States would respond to any future
+  major Iranian challenges by hitting Iran's naval base at Bandar
+  Abbas on the Straits of Hormuz, followed by mining the
+  approaches to Iran's oil export terminal on Kharg Island.
+      Defense Secretary Caspar Weinberger said on Monday the
+  United States did not seek further confrontation with Iran, "but
+  we will be prepared to meet any escalation of military action
+  by Iran with stronger countermeasures." 
+  
+
diff --git a/reuters/test/20634 b/reuters/test/20634
new file mode 100644
index 0000000000000000000000000000000000000000..5c6a34d8339fe506209269d8571683f4559d4ecf
--- /dev/null
+++ b/reuters/test/20634
@@ -0,0 +1,19 @@
+ADOBE RESOURCES CORP <ADB> 3RD QTR NET
+  Shr loss two cts vs loss 41 cts
+      Net profit 4,134,000 vs loss 3,682,000
+      Revs 22.8 mln vs 23.5 mln
+      Nine mths
+      Shr profit 44 cts vs loss 1.99 dlrs
+      Net profit 25.6 mln vs loss 26.8 mln
+      Revs 73.4 mln vs 86.7 mln
+      NOTE: 1987 qtr and nine mths includes gain 1,374,000 dlrs,
+  or five cts per share, and 10.2 mln dlrs, or 41 cts per share,
+  respectively, from net operating loss carryforward.
+      1987 qtr and nine mths includes loss 4,850,000 dlrs, or 16
+  cts per share, and loss 14.6 mln dlrs, or 58 cts per share,
+  respectively, from payment of preferred dividends.
+      1986 qtr and nine mths includes loss 4,850,000 dlrs, or 23
+  cts per share, and 14.6 mln dlrs, or 70 cts per share,
+  respectively, from payment of preferred dividends.
+  
+
diff --git a/reuters/test/20637 b/reuters/test/20637
new file mode 100644
index 0000000000000000000000000000000000000000..9b7159ad5297ae66a91d98bfacae6e46115c90ab
--- /dev/null
+++ b/reuters/test/20637
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 125,000 TONNES OF  CORN SOLD TO USSR FOR 1987/88
+
+  U.S. EXPORTERS REPORT 125,000 TONNES OF  CORN SOLD TO USSR FOR 1987/88
+  
+
diff --git a/reuters/test/20639 b/reuters/test/20639
new file mode 100644
index 0000000000000000000000000000000000000000..e88bf80daf303adc3c67297985ffd2f035ad8b0c
--- /dev/null
+++ b/reuters/test/20639
@@ -0,0 +1,15 @@
+KENNER PARKER TOYS INC <KPT> 3RD QTR OPER
+  Oper shr 1.22 dlrs vs 88 cts
+      Oper net 13.5 mln vs 11.7 mln
+      Revs 139.1 mln vs 160.5 mln
+      Nine mths
+      Oper shr 2.00 dlrs vs 1.15 dlrs
+      Oper net 22.8 mln vs 15.4 mln
+      Revs 348.8 mln vs 385.9 mln
+      NOTE: 1987 3rd qtr and nine mths oper net excludes gains
+  from tax loss carryforwards of 3,067,000 dlrs and 8,548,000
+  dlrs respectively. 1986 3rd qtr and nine mths oper net excludes
+  tax carryforward gains of 7,446,000 dlrs and 9,814,000 dlrs,
+  respectively.
+  
+
diff --git a/reuters/test/20640 b/reuters/test/20640
new file mode 100644
index 0000000000000000000000000000000000000000..b2fdd73389230cc44535786bc50840834ee64746
--- /dev/null
+++ b/reuters/test/20640
@@ -0,0 +1,10 @@
+TENNANT CO <TANT.O> 3RD QTR NET
+  Shr 50 cts vs 47 cts
+      Net 2,646,000 vs 2,611,000
+      Sale 41.4 mln vs 38.7 mln
+      Nine mths
+      Shr 1.13 dlrs vs 1.04 dlrs
+      Net 6,038,000 vs 5,545,000
+      Sales 117.2 mln vs 108.4 mln
+  
+
diff --git a/reuters/test/20641 b/reuters/test/20641
new file mode 100644
index 0000000000000000000000000000000000000000..ed49f754d8ccbff28f1d29194d05a5384530ff33
--- /dev/null
+++ b/reuters/test/20641
@@ -0,0 +1,13 @@
+WELBILT <WELB.O> ACQUIRES FOOD HANDLING SYSTEMS
+  Welbilt Corp said it acquired
+  <Food Handling Systems Inc> of Dallas, a producer of commercial
+  ovens, conveyers and proofer systems.
+      Terms of the transaction were not disclosed.
+      Food Handling, which also produces equipment for the
+  commercial baking industry, was privately owned by Richard
+  Shumway of Mesa, Ariz., and Vic Ferrara of Dallas, both of whom
+  will remain with the company.
+      The company has manufacturing facilities in Dallas and
+  Phoenix.
+  
+
diff --git a/reuters/test/20645 b/reuters/test/20645
new file mode 100644
index 0000000000000000000000000000000000000000..2b6942711fba7d87d53949001ad9409ec8ffb659
--- /dev/null
+++ b/reuters/test/20645
@@ -0,0 +1,14 @@
+USDA REPORTS CORN SOLD TO USSR
+  Private exporters reported sales of
+  125,000 tonnes of U.S. corn to the Soviet Union for delivery
+  during the 1987/88 season and under the fifth year of the Long
+  Term Grain Supply Agreement.
+      The department noted the sales are the first reported for
+  delivery during the fifth year of the Agreement, which began
+  October 1, 1987.
+      Sales of wheat and corn to the USSR for delivery during the
+  fourth year of the agreement totaled 8,182,500 tonnes --
+  4,080,500 tonnes of wheat and 4,102,300 tonnes of corn. In
+  addition, sales of soybeans totaled 68,200 tonnes, it said.
+  
+
diff --git a/reuters/test/20646 b/reuters/test/20646
new file mode 100644
index 0000000000000000000000000000000000000000..8bf1af24d8a473ce8b1dcc3b9d171caa67d2a8d5
--- /dev/null
+++ b/reuters/test/20646
@@ -0,0 +1,12 @@
+DE LAURENTIIS ENTERTAINMENT <DEG> 2ND QTR LOSS
+  Period ended August 31.
+      Shr loss 52 cts vs profit 16 cts
+      Net loss 4,987,000 vs profit 1,570,000
+      Revs 18.0 mln vs 24.7 mln
+      Six Mths
+      Shr loss 2.14 dlrs vs loss seven cts
+      Net loss 20,525,000 vs loss 557,000
+      Revs 25.6 mln vs 30.8 mln
+      Note: Full name De Laurentiis Entertainment Group Inc.
+  
+
diff --git a/reuters/test/20648 b/reuters/test/20648
new file mode 100644
index 0000000000000000000000000000000000000000..63169f01cef8b4c6fcda5d8beffb6cd1ac230eb0
--- /dev/null
+++ b/reuters/test/20648
@@ -0,0 +1,11 @@
+ALBANY INTERNATIONAL CORP <AAICA.O> 3RD QTR NET
+  Shr 27 cts vs 17 cts
+      Net 5,584,000 vs 4,276,000
+      Revs 97.7 mln vs 83.9 mln
+      Nine mths
+      Shr 84 cts vs 39 cts
+      Net 17.7 mln vs 9,848,000
+      Revs 290.8 mln vs 241.8 mln
+      Avg shrs 21.1 mln vs 25.1 mln
+  
+
diff --git a/reuters/test/20649 b/reuters/test/20649
new file mode 100644
index 0000000000000000000000000000000000000000..82f59d429830b66adc592b9d3d95d2b669df5da8
--- /dev/null
+++ b/reuters/test/20649
@@ -0,0 +1,25 @@
+SPAIN APPEALS FOR EC HELP ON MAIZE IMPORTS
+  Spanish farm minister Carlos Romero,
+  speaking at a meeting of EC farm ministers, called for action
+  to help the Spanish maize market, Spanish diplomatic sources
+  said.
+      Spain is threatened with massive imports from third
+  countries by the end of the year, they said.
+      They said the imports are due to come in as a result of the
+  accord by which the EC has promised the United States it will
+  import two mln tonnes of maize and 300,000 tonnes of sorghum
+  into Spain from third countries this year.
+      Around a sixth of this tonnage has so far come in under a
+  reduced levy system and the EC cereals management committee may
+  decide this week to authorise the Spanish intervention board to
+  make direct purchases.
+      The sources said Romero urged that other EC countries
+  should take some of the imports to prevent disturbance of the
+  Spanish market.
+      They said he threatened to withhold support for the EC
+  Commission plan for new limits on farm output which if breached
+  would mean price cuts unless Spain received some help.
+      The sources said no direct reply was given to Romero at the
+  meeting.
+  
+
diff --git a/reuters/test/20650 b/reuters/test/20650
new file mode 100644
index 0000000000000000000000000000000000000000..5f6119090eaa669daf464fedef4b764e057c1d04
--- /dev/null
+++ b/reuters/test/20650
@@ -0,0 +1,12 @@
+AMERICAN BUSINESS PRODUCTS INC <ABP> 3RD QTR
+  Shr 40 cts vs eight cts
+      Net 2,292,000 vs 465,000
+      Revs 81.9 mln vs 78.9 mln
+      Nine mths
+      Shr 1.20 dlrs vs 1.01 dlrs
+      Net 6,842,000 vs 5,755,000
+      Revs 244.7 mln vs 234.2 mln
+      NOTE: 1986 qtr and nine mths includes loss 2,223,000 dlrs,
+  or 39 cts per share, from unspecified extraordinary item.
+  
+
diff --git a/reuters/test/20651 b/reuters/test/20651
new file mode 100644
index 0000000000000000000000000000000000000000..fa5252cf888db153a6fe4f5411c72209f7a882a0
--- /dev/null
+++ b/reuters/test/20651
@@ -0,0 +1,12 @@
+ALLIED BANCSHARES INC <ALBN.O> 3RD QTR LOSS
+  Shr loss 2.51 dlrs vs loss 1.12 dlrs
+      Net loss 104.2 mln vs loss 46.4 mln
+      Nine mths
+      Shr loss 5.80 dlrs vs loss 52 cts
+      Net loss 240.9 mln vs loss 21.7 mln
+      NOTE: 1987 qtr and nine mths includes loss 123.6 mln dlrs
+  and 286.0 mln dlrs, respectively, for loan-loss allowance
+  provision. 1987 qtr includes gain 9.4 mln dlrs from tax
+  benefit.
+  
+
diff --git a/reuters/test/20652 b/reuters/test/20652
new file mode 100644
index 0000000000000000000000000000000000000000..22dda15f799d03da8cbc119f71d437bdf9e3601a
--- /dev/null
+++ b/reuters/test/20652
@@ -0,0 +1,11 @@
+CENTRAL BANKING SYSTEM INC <CSYS.O> 3RD QTR NET
+  Shr 39 cts vs 27 cts
+      Net 1,713,000 vs 1,207,000
+      Nine Mths
+      Shr 1.13 dlrs vs 70 cts
+      Net 4,935,000 vs 4,352,000
+      Loans 843.2 mln vs 937.2 mln
+      Deposits 954.1 mln vs 1.043 billion
+      Assets 1.09 billion vs 1.19 billion
+  
+
diff --git a/reuters/test/20653 b/reuters/test/20653
new file mode 100644
index 0000000000000000000000000000000000000000..a29202213e3a0d000f0640282e41455e972dddb7
--- /dev/null
+++ b/reuters/test/20653
@@ -0,0 +1,18 @@
+OUTER CONTINENTAL SHELF SALE POSTPONED
+  Outer Continental Shelf oil and gas
+  lease sale number 97 in the Beaufort Sea, tentatively
+  schedualed for January 1988 has been postponed, the U.S.
+  Department of Interior said.
+      Alan Powers, chief of the Minerals Maanagement Service for
+  the department, said the delay is to have more time to study
+  the effects of drilling noise on whale migrations.
+      Powers said the state has asked for additional noise data
+  for the sale area off Alaska's North Slope. A new date has not
+  been set, but it will likely be no sooner than next March,
+  Powers said.
+      Some 3,930 blocks encompassing about 21 mln acres are
+  involved in the proposed sale. The area is between three and
+  160 miles off the northern coast of Alaska in the Artic Ocean
+  between the Canadian border and 162 degrees west longitude.
+  
+
diff --git a/reuters/test/20654 b/reuters/test/20654
new file mode 100644
index 0000000000000000000000000000000000000000..56d55c6508160c476e75fafaf5bf25ca8ec23002
--- /dev/null
+++ b/reuters/test/20654
@@ -0,0 +1,8 @@
+SEACOAST BANKING CORP OF FLORIDA <SBCF.O> 3RD
+  Shr 44 cts vs 33 cts
+      Net 1,026,000 vs 769,000
+      Nine mths
+      Shr 1.30 dlrs vs 1.06 dlrs
+      Net 3,035,000 vs 2,472,000
+  
+
diff --git a/reuters/test/20655 b/reuters/test/20655
new file mode 100644
index 0000000000000000000000000000000000000000..214b2f6973e820d6b46a7d72687024451272e89c
--- /dev/null
+++ b/reuters/test/20655
@@ -0,0 +1,12 @@
+COEUR D'ALENE MINES CORP <COUR.O> 3RD QTR NET
+  Shr profit 47 cts vs loss 38 cts
+      Net profit 4,767,000 vs loss 2,623,000
+      Revs 23.7 mln vs 3,629,000
+      Avg shrs 11,242,166 vs 6,895,290
+      Nine Mths
+      Shr profit 89 cts vs loss 49 cts
+      Net profit 7,726,000 vs loss 3,350,000
+      Revs 38.8 mln vs 7,172,000
+      Avg shrs 9,410,497 vs 6,895,290
+  
+
diff --git a/reuters/test/20657 b/reuters/test/20657
new file mode 100644
index 0000000000000000000000000000000000000000..931e401fec4c85ee82bb351c4f4c3e5f2440fcce
--- /dev/null
+++ b/reuters/test/20657
@@ -0,0 +1,11 @@
+STRATHCONA RESOURCE <SRH.TO> 3RD QTR AUG 31 NET
+  Shr profit two cts vs nil
+      Net profit 403,000 vs loss 51,000
+      Revs 9,609,000 vs 4,495,000
+      Nine mths
+      Shr loss one ct vs loss four cts
+      Net loss 171,000 vs loss 799,000
+      Revs 17.6 mln vs 13.3 mln
+      NOTE: Full name is Strathcona Resource Industries Ltd.
+  
+
diff --git a/reuters/test/20658 b/reuters/test/20658
new file mode 100644
index 0000000000000000000000000000000000000000..52c7edc454345f4bfb56288e837c98c0d6c2af10
--- /dev/null
+++ b/reuters/test/20658
@@ -0,0 +1,16 @@
+CORPORATE SOFTWARE INC <CSOF.O> 3RD QTR NET
+  Shr 13 cts vs 12 cts
+      Net 470,000 vs 311,000
+      Revs 15.8 mln vs 8,176,000
+      Avg shrs 3,723,000 vs 2,512,000
+      Nine mths
+      Shr 36 cts vs 43 cts
+      Net 1,138,000 vs 993,000
+      Revs 40.5 mln vs 21.9 mln
+      Avg shrs 3,199,000 vs 2,283,000
+     
+      NOTE: 1986 includes extraordinary credit of 160,000 or six
+  cts per shr in qtr 1986 and 511,000 or 22 cts per shr in nine
+  mths 1986.
+  
+
diff --git a/reuters/test/20660 b/reuters/test/20660
new file mode 100644
index 0000000000000000000000000000000000000000..ef19e2e3b5a5936147055943f8a42991b5cdfad7
--- /dev/null
+++ b/reuters/test/20660
@@ -0,0 +1,13 @@
+SUSQUEHANNA CORP <SQN> 3RD QTR NET
+  Shr 17 cts vs seven cts
+      Net 1,660,0009 vs 653,000
+      Revs 21.0 mln vs 20.6 mln
+      Nine mths
+      Shr 34 cts vs 12 cts
+      Net 3,320,000 vs 1,109,000
+      Revs 60.1 mln vs 57.4 mln
+      NOTE: Net includes loss from discontinued operations of
+  198,000 or two cts per shr in qtr 1986 and 1,425,000 or 15 cts
+  per shr in nine mths 1986.
+  
+
diff --git a/reuters/test/20662 b/reuters/test/20662
new file mode 100644
index 0000000000000000000000000000000000000000..be170c4b2d49d8de20d728ef7affa8e042621b8c
--- /dev/null
+++ b/reuters/test/20662
@@ -0,0 +1,12 @@
+ECUADOR'S CEPE NAMES NEW HEAD
+  The state-run Ecuadorean State Oil
+  Corporation (CEPE) has named Jaime Sanchez Valdivieso as its
+  new general manager replacing Carlos Romo Leroux, a CEPE
+  spokesman said.
+      The spokesman told Reuters Sanchez is a 46-year-old civil
+  engineer who formerly headed CEPE's administration and finances
+  division.
+      Romo Leroux resigned last week for "personal and family"
+  reasons, the spokesman said.
+  
+
diff --git a/reuters/test/20666 b/reuters/test/20666
new file mode 100644
index 0000000000000000000000000000000000000000..f95cee8f71ed9b4c003043ced4f32970012462e3
--- /dev/null
+++ b/reuters/test/20666
@@ -0,0 +1,20 @@
+BROOKLYN UNION <BU> TO BUY GAS FROM SHELL OIL
+  Brooklyn Union Gas Co said it has
+  contracted to purchase up to 60 mln cubic feet of natural gas
+  per day from Shell Oil Co, a Royal Dutch/Shell Group <RD> <SC>
+  subsidiary.
+      Brooklyn Union said the long-term contract will cover about
+  15 pct of its total supplies.
+      A spokesman said Shell and the utility agreed to not
+  disclose the length of the contract or the price of the gas,
+  which he described as competitive with a market sensitive
+  escalation formula.
+     
+      Brooklyn Union said the gas from Shell Oil will replace
+  about 25 pct of the gas previously supplied by Transco Energy
+  Inc's <E> Transcontinental Gas Pipe Line Corp subsidiary.
+      The utility said Transcontinental will transport the gas
+  being purchased from Shell Oil, possibly beginning as soon as
+  November 1.
+  
+
diff --git a/reuters/test/20667 b/reuters/test/20667
new file mode 100644
index 0000000000000000000000000000000000000000..1c73f2870fa9d3e03745600c9e4c03e85d66fd64
--- /dev/null
+++ b/reuters/test/20667
@@ -0,0 +1,14 @@
+AMEX SAYS BEAR STEARNS BOUGHT SPECIALIST UNIT
+  The American Stock Exchange said, as
+  previously reported, that Bear Stearns and Co <BSC> has
+  purchased <W. Damm, M. Frank and Co>, a specialist unit on the
+  Amex trading floor.
+      Amex said the unit, which trades stocks and options is
+  small in comparison to other specialist units. The personel and
+  operations remain the same, the exchange added.
+      The price was not disclosed.
+      A specialist unit is authorized by a stock exchange to deal
+  as an agent for other brokers to keep a stable market in one or
+  more particular stocks.
+  
+
diff --git a/reuters/test/20668 b/reuters/test/20668
new file mode 100644
index 0000000000000000000000000000000000000000..627b486b749c828c219d11008105224795c96598
--- /dev/null
+++ b/reuters/test/20668
@@ -0,0 +1,12 @@
+DINNER BELL FOODS INC <DINB.O> 1ST QTR SEPT 26
+  Shr 4.41 dlrs vs seven cts
+      Qtly div 10 cts vs 10 cts in prior qtr
+      Net 2,955,000 vs 75,000
+      Sales 72.7 mln vs 70.0 mln
+      NOTE: Net includes pre-tax gain of 7,813,0000 dlrs from
+  termination of retirement plan for salaried employees and
+  875,000 dlrs charge for reorganization costs
+      Dividend payable November 17 to holders of record November
+  two
+  
+
diff --git a/reuters/test/20669 b/reuters/test/20669
new file mode 100644
index 0000000000000000000000000000000000000000..3206dbcd7987e8902610937798f6f450ed6c8062
--- /dev/null
+++ b/reuters/test/20669
@@ -0,0 +1,12 @@
+PETROLANE PARTNERS L.P. <LPG> 3RD QTR LOSS
+  Shr loss five cts vs profit six cts
+      Net loss 1,200,000 vs profit 1,400,000
+      Nine mths
+      Shr profit 1.00 dlrs vs profit 84 cts
+      Net profit 23.7 mln vs profit 19.9 mln
+      NOTE: Year ago results are pro forma since the company was
+  created in March by the transfer to a master limited
+  partnership of all domestic assets of Petrolane Inc's liquefied
+  petroleum gas division.
+  
+
diff --git a/reuters/test/20670 b/reuters/test/20670
new file mode 100644
index 0000000000000000000000000000000000000000..33cdcedb55ff97903ec78faeb2f127787b72f2c1
--- /dev/null
+++ b/reuters/test/20670
@@ -0,0 +1,9 @@
+EASTEK CORP <ESTK.O> 1ST QTR SEPT 30 LOSS
+  Shr loss 24 cts vs loss four cts
+      Net loss 874,986 vs loss 56,182
+      Revs 402,855 vs not available
+      NOTE: The company made its initial offering in March 1987
+  and before then had been a development stage company so no
+  sales were posted in 1986.
+  
+
diff --git a/reuters/test/20671 b/reuters/test/20671
new file mode 100644
index 0000000000000000000000000000000000000000..4516ea57e98b1ed262871b73350f8fa85f8c3074
--- /dev/null
+++ b/reuters/test/20671
@@ -0,0 +1,12 @@
+AMERICAN CAPITAL MANAGEMENT <ACA> 3RD QTR NET
+  Shr 26 cts vs 36 cts
+      Net 6,400,000 vs 8,700,000
+      Revs 25.3 mln vs 28.2 mln
+      Nine mths
+      Shr 1.04 dlrs vs 1.20 dlrs
+      Net 25.3 mln vs 29.1 mln
+      Revs 84.6 mln vs 91.8 mln
+      NOTE: Company's full name is American Capital Management
+  and Research Inc.
+  
+
diff --git a/reuters/test/20672 b/reuters/test/20672
new file mode 100644
index 0000000000000000000000000000000000000000..5d351f18481d7b9274f0ae509129716c61e0b5e2
--- /dev/null
+++ b/reuters/test/20672
@@ -0,0 +1,13 @@
+P AND C FOODS INC <FOOD.O> 3RD QTR NET
+  Oct 3 end
+      Shr 40 cts vs 35 cts
+      Net 3,149,000 vs 2,433,000
+      Revs 225.4 mln vs 225.9 mln
+      Avg shrs 7,800,000 vs 7,157,143
+      Nine months
+      Shr 91 cts vs 63 cts
+      Net 7,114,000 vs 4,540,000
+      Revs 747 mln vs 728.2 mln
+      Avg shrs 7,800,000 vs 6,767,143
+  
+
diff --git a/reuters/test/20673 b/reuters/test/20673
new file mode 100644
index 0000000000000000000000000000000000000000..4ece56d9296ae280b712d94fa1199de9832c4274
--- /dev/null
+++ b/reuters/test/20673
@@ -0,0 +1,7 @@
+REGENCY ELECTRONICS INC <RGCY.O> 1ST QTR NET
+  Period ended September 30
+      Shr profit one ct vs loss three cts
+      Net profit 65,000 vs 292,000
+      Sales 18.1 mln vs 16.7 mln
+  
+
diff --git a/reuters/test/20678 b/reuters/test/20678
new file mode 100644
index 0000000000000000000000000000000000000000..44697af688908e07a1f0d9ca3d5d682c2a373ca9
--- /dev/null
+++ b/reuters/test/20678
@@ -0,0 +1,13 @@
+SENATOR URGES ACTION TO STABILIZE STOCK MARKETS
+  Sen. John Heinz, R-Pa, urged the
+  Administration to take steps to reduce volatility in the
+  financial markets, including suspending program trading and
+  limiting daily trading on stock index futures.
+      Heinz said margin requirements for index futures, now six
+  pct, should be the same as for common stock and equities.
+      He urged creation of a task force to be headed by former
+  Federal Reserve chairman Paul Volcker to coordinate
+  international credit and montary policies among major nations
+  and stabilize interest rates at the lowest possible levels.
+  
+
diff --git a/reuters/test/20679 b/reuters/test/20679
new file mode 100644
index 0000000000000000000000000000000000000000..3e820fcb930cedfa46739cce78721f52b58fcd44
--- /dev/null
+++ b/reuters/test/20679
@@ -0,0 +1,11 @@
+DINNER BELL <DINB.O> LEVERAGE BUY OUT DROPPED
+  Dinner Bell Foods Inc said the
+  talks concerning a proposed leveraged buy-out of the company
+  have been terminated.
+      A spokesman said the group led by Joseph F. Grimes II, a
+  director of the company, and B. Rober Kill has withdrawn their
+  proposal to acquire the company's stock for 23.50 dlrs a share.
+      The company also said its board determined the previously
+  postponed annual meeting will be held on January five.
+  
+
diff --git a/reuters/test/20680 b/reuters/test/20680
new file mode 100644
index 0000000000000000000000000000000000000000..5b031dac6bcc4bbb78545ad537dff33b41ee6a88
--- /dev/null
+++ b/reuters/test/20680
@@ -0,0 +1,7 @@
+QUAKER OATS CO <OAT> 1ST QTR SEPT 30 NET
+  Shr 52 cts vs 42 cts
+      Net 41.1 mln vs 33.2 mln
+      Sales 1.27 billion vs 960.3 mln
+      Avg shrs 79,800,000 vs 78,200,000
+  
+
diff --git a/reuters/test/20682 b/reuters/test/20682
new file mode 100644
index 0000000000000000000000000000000000000000..a69faacb6dbb0cc39290b8addca7f97e838bbbaf
--- /dev/null
+++ b/reuters/test/20682
@@ -0,0 +1,15 @@
+ECUADOR POSTS 71.3 MLN DLR 8-MTH TRADE DEFICIT
+  Ecuador posted a trade deficit of 71.3 mln
+  dlrs in the first eight months of 1987, compared with a surplus
+  of 468.6 mln dlrs in the same period of 1986, central bank
+  figures show.
+      Ecuador suspended oil exports, which made up 55 pct of the
+  value of its total exports in 1986, for five months this year
+  after an earthquake in March shattered the country's pipeline.
+      The central bank said the value of exports from January to
+  August 1987 stood at 1.132 billion dlrs and imports 1.204
+  billion dlrs. Net international monetary reserves declined to
+  57.5 mln dlrs at end-September from 146.8 mln dlrs at end-
+  September 1986.
+  
+
diff --git a/reuters/test/20685 b/reuters/test/20685
new file mode 100644
index 0000000000000000000000000000000000000000..e984fccc15ce9fcd0984e0190ba34d67caf968ea
--- /dev/null
+++ b/reuters/test/20685
@@ -0,0 +1,18 @@
+NL INDUSTRIES INC <NL> 3RD QTR NET
+  Shr profit two cts vs loss 58 cts
+      Net profit 18.2 mln vs loss 23.9 mln
+      Revs 355.6 mln vs 308.2 mln
+      Nine mths
+      Shr loss 81 cts vs loss 5.52 dlrs
+      Net profit 10.7 mln vs loss 290.3 mln
+      Revs 1.01 billion vs 983.3 mln
+      NOTE: Net income per share is after deductions for
+  mandatory preferred stock dividends and income from the
+  chemical operations not attributable to common stockholders.
+      1987 qtr and nine mths includes gain of eight cts per share
+  for the partial redemption of series a preferred stock which
+  will be paid from the net earnings of the chemicals operations.
+  1986 nine mths includes loss 247.7 mln dlrs from write-down of
+  petroleum service assets and other restructuring costs.
+  
+
diff --git a/reuters/test/20692 b/reuters/test/20692
new file mode 100644
index 0000000000000000000000000000000000000000..df1a61a9a97f1c4baefb6039e4ecf56b4efd3898
--- /dev/null
+++ b/reuters/test/20692
@@ -0,0 +1,5 @@
+AMOCO RAISES MOST CRUDE POSTINGS 50 CTS TODAY, WTI TO 19.00 DLRS
+
+  AMOCO RAISES MOST CRUDE POSTINGS 50 CTS TODAY, WTI TO 19.00 DLRS
+  
+
diff --git a/reuters/test/20693 b/reuters/test/20693
new file mode 100644
index 0000000000000000000000000000000000000000..0f91975e88512f8c4b3fd5ce7404bf7e69d82114
--- /dev/null
+++ b/reuters/test/20693
@@ -0,0 +1,14 @@
+PAN AM <PN> SETS PACIFIC SATELLITE STAKE SALE
+  <Johnson Geneva U.S.A.> said it has
+  agreed to buy Pan Am Corp's 50 pct holding in their joint
+  venture company, Pan Am Pacific Satellite Corp, for undisclosed
+  terms.
+      Johnson Geneva said Pan Am divested owership in the project
+  as part of a corporate restructuring plan, but will continue to
+  provide engineering services on a contract basis.
+      Johnson Geneva said the buy out was accomplished through
+  <Onpraise Ltd>, a Hong Kong company controlled by Johnson
+  Geneva Chairman Michael Johnson. Funds have been provided by
+  Onpraise to increase the satellite company's working capita.
+  
+
diff --git a/reuters/test/20695 b/reuters/test/20695
new file mode 100644
index 0000000000000000000000000000000000000000..839c2566b67d95f29045869757ec3e7b0e22364d
--- /dev/null
+++ b/reuters/test/20695
@@ -0,0 +1,6 @@
+IFR SYSTEMS INC <IFRS.O> 1ST QTR SEPT 30 NET
+  Shr 24 cts vs 13 cts
+      Net 1,506,000 vs 824,000
+      Sales 9,045,000 vs 7,845,000
+  
+
diff --git a/reuters/test/20698 b/reuters/test/20698
new file mode 100644
index 0000000000000000000000000000000000000000..47c1c60b07345f4892047310235f9a531b374117
--- /dev/null
+++ b/reuters/test/20698
@@ -0,0 +1,30 @@
+TELEX <TC> ADOPTS SHAREHOLDER RIGHTS PLAN
+  Telex Corp said its board adopted a
+  shareholder rights plan which will allow shareholders to
+  purchase one common share for two dlrs if a hostile group
+  acquires 15 pct or more of the company.
+      However, the company said the plan will not be triggered by
+  purchases pursuant to the 65 dlrs a share tender offer
+  commenced on October 9 by a unit of TLX Partners, a group
+  controlled by New York financier Asher Edelman.
+      It said the rights will be distributed on a one for one
+  basis to all shareholders as of October 30 and may be redeemed
+  before they become exercisable at five cents per right.
+      The company said the rights will expire on the later of
+  February 17 next year or 60 days from the date they become
+  exercisable. It said the plan was intended to protect
+  stockholders against any attempt to take unfair advantage of
+  the recent decline in stock prices or to use abusive tactics
+  such as market accumulations which would interfere with its
+  ability to maximize stockholder value.
+      The rights become exercisable if any person or group
+  acquires 15 pct or more of the company's common stock other
+  than through an all cash tender offer for all outstanding
+  shares at 65 dlrs per share.
+       It said the rights will also not become exercisable if the
+  company is acquired by a group under an agreement made with its
+  board.
+       A spokeswoman told Reuters the company would have an
+  official response to Edelman's bid by Friday, Oct 23.          
+  
+
diff --git a/reuters/test/20699 b/reuters/test/20699
new file mode 100644
index 0000000000000000000000000000000000000000..dc0487e113982e26eec13ff814e67ca80e79fcc6
--- /dev/null
+++ b/reuters/test/20699
@@ -0,0 +1,13 @@
+SPHINX MINING <SPNXF.O> FINDS GOLD
+  Sphinx Mining Inc said leased
+  mining claims in Alaska could produce revenues between 322 mln
+  dlrs and 966 mln dlrs from gold reserves.
+      The range of the value of the reserves is attributed to the
+  wide range of grade estimates of the ore, the company said.
+      A 1984 feasibility study put the grade at 0.008 ounces per
+  cubic yard, while subsequent exploration work proved that areas
+  of higher-grade gravel of up to 0.027 ounces/yard do exist,
+  Sphinx said.
+      The claims are located 80 miles northwest of Fairbanks.
+  
+
diff --git a/reuters/test/20706 b/reuters/test/20706
new file mode 100644
index 0000000000000000000000000000000000000000..efc9f1a65604e274949a3726358f132e6137f87e
--- /dev/null
+++ b/reuters/test/20706
@@ -0,0 +1,21 @@
+ALCAN ALUMINIUM LTD <AL.TO> 3RD QTR NET
+  Shr 72 cts vs 36 cts
+      Net 122 mln vs 62 mln
+      Revs 1.73 billion vs 1.49 billion
+      Avg shrs 157.7 mln vs 149.8 mln
+      Nine mths
+      Shr 1.71 dlrs vs 1.28 dlrs
+      Net 297 mln vs 216 mln
+      Revs 4.98 billion vs 4.55 billion
+      NOTE: Net for current qtr included non-operating costs of
+  12 mln vs income of 10 mln in qtr 1986.
+      Net in nine mths included non operating costs of 12 mln in
+  nine mths 1987 vs income of 84 mln in nine mths 1986.
+      Prior year's earnings per shr and average number of shrs
+  outstanding have been restated to reflect a 3-for-2 split which
+  became effective May 5, 1987.
+      For purposes of comparability, following the reorganization
+  of July 1987, net figures including those for 1986, are
+  reported before preferred dividends.
+  
+
diff --git a/reuters/test/20708 b/reuters/test/20708
new file mode 100644
index 0000000000000000000000000000000000000000..13de35fcae20d150f96993feadc2b6276a286087
--- /dev/null
+++ b/reuters/test/20708
@@ -0,0 +1,7 @@
+JOHN HANSON SAVINGS <JHSL.O> 1ST QTR NET
+  Sept 30 end
+      Shr profit 15 cts vs loss six cts
+      Net profit 901,000 vs loss 368,000
+      Assets 1.15 billion vs 773.8 mln
+  
+
diff --git a/reuters/test/20709 b/reuters/test/20709
new file mode 100644
index 0000000000000000000000000000000000000000..2b19139bca9e8796dd8b57b7c79bf1da72d233e0
--- /dev/null
+++ b/reuters/test/20709
@@ -0,0 +1,14 @@
+AMOCO <AN> RAISES CRUDE PRICES
+  Amoco Corp said it raised the contract
+  price it will pay for most grades of crude oil by 50 cts a
+  barrel, effective today.
+      The company said the increase brings its posting for West
+  Texas Intermediate to 19.00 dlrs a barrel. West Texas Sour, at
+  34 degrees API, was raised to 18.10 dlrs. The Light Louisiana
+  Sweet grade was also increased 50 cts to 19.35 dlrs a barrel.
+      Amoco said Wyoming Southwest Sweet, Colorado Western, and
+  two Utah grades of oil, Black wax and yellow wax, were
+  unchanged. The company last changed its crude oil postings on
+  September 28.
+  
+
diff --git a/reuters/test/20710 b/reuters/test/20710
new file mode 100644
index 0000000000000000000000000000000000000000..b56635576316fa8e1822948f8f21beeaf6314022
--- /dev/null
+++ b/reuters/test/20710
@@ -0,0 +1,10 @@
+OLIN <OLN>, DU PONT <DD> COMPLETE PLANT
+  Olin Corp said construction was
+  completed on a 150 mln dlrs chlor/alkali plant it owns jointly
+  with EI du Pont de Nemours Co.
+      The company said the plant, which is located in Niagara
+  Falls, New York, will begin operations in December.
+      The plant, which has a 660-ton per day capacity, will be
+  operated by du Pont, the company said.
+  
+
diff --git a/reuters/test/20711 b/reuters/test/20711
new file mode 100644
index 0000000000000000000000000000000000000000..70f1fc1b815817aed4caa157da7c1ef8c2a3506a
--- /dev/null
+++ b/reuters/test/20711
@@ -0,0 +1,11 @@
+MINNETONKA CORP <MINL.O> 3RD QTR NET
+  Periods end Sept 26
+      Shr 31 cts vs 24 cts
+      Net 5,449,000 vs 4,083,000
+      Sales 60.3 mln vs 51.9 mln
+      39 weeks
+      Shr 47 cts vs 30 cts
+      Net 8,249,000 vs 5,147,000
+      Sales 145.0 mln vs 108.3 mln
+  
+
diff --git a/reuters/test/20712 b/reuters/test/20712
new file mode 100644
index 0000000000000000000000000000000000000000..d4964da19ad2d25dd57e670b9f902b06fdafc92c
--- /dev/null
+++ b/reuters/test/20712
@@ -0,0 +1,14 @@
+ELECTRONIC TELE-COMMUNICATIONS 3RD QTR LOSS
+  Shr Class A loss three cts vs profit 12 cts
+      Shr Class B loss seven cts vs profit eight cts
+      Net loss 94,862 vs profit 264,607
+      Sales 653,246 vs 1,300,515
+      Nine mths
+      Shr Class A profit five cts vs profit 44 cts
+      Shr Class B loss three cts vs profit 36 cts
+      Net profit 64,248 vs profit 975,329
+      Sales 2,291,925 vs 4,235,914
+      NOTE: Full name is Electronic Tele-Communications Inc
+  <ETCIA.O>
+  
+
diff --git a/reuters/test/20715 b/reuters/test/20715
new file mode 100644
index 0000000000000000000000000000000000000000..94a91bbb7732830885307aecddc9bd49baa80228
--- /dev/null
+++ b/reuters/test/20715
@@ -0,0 +1,11 @@
+SCHERING-PLOUGH CORP <SDG> 3RD QTR NET
+  Shr 63 cts vs 50 cts
+      Net 73.8 mln vs 62.3 mln
+      Sales 664.2 mln vs 600.6 mln
+      Nine mths
+      Shr 2.06 dlrs vs 1.67 dlrs
+      Net 241.2 mln vs 205.9 mln
+      Sales 2.04 billion vs 1.80 billion
+      Avg shrs 117.1 mln vs 123.4 mln
+  
+
diff --git a/reuters/test/20719 b/reuters/test/20719
new file mode 100644
index 0000000000000000000000000000000000000000..9349997ab3d042e481b4a28bfe4a02abeb82b26b
--- /dev/null
+++ b/reuters/test/20719
@@ -0,0 +1,24 @@
+SAUDI ROLE IN GULF PRAISED BY U.S. OFFICIALS
+  Saudi Arabian Crown Prince Abdullah
+  bin Abdul Aziz was thanked by the Reagan administration for his
+  country's close, and closed-mouthed, cooperation with
+  Washington in the Gulf, a senior U.S. official said.
+      "The Saudis are being very cooperative. It would be nice if
+  the Saudis would go more public, but it's their real estate,"
+  said the official who asked not to be named.
+      He declined to describe what sort of help the Saudis were
+  providing, saying that Saudi officials are reluctant to
+  acknowledge their role in the Gulf where the United States has
+  stationed forces to protect shipping lanes.
+      The prince met Vice President George Bush on Monday after
+  U.S. naval forces attacked offshore Iranian oil platforms in
+  what Washington said was retaliation for an Iranian attack on a
+  ship moored off Kuwait and flying the U.S. flag.
+      Asked at the start of the meeting how he felt about the
+  attack, the prince, who is here on an official visit, replied,
+  "I believe what the United States has done is their
+  responsibility as a superpower."
+      The senior U.S. official said his remark was an endorsement
+  of the U.S. attack.
+  
+
diff --git a/reuters/test/20721 b/reuters/test/20721
new file mode 100644
index 0000000000000000000000000000000000000000..c85f3d3a1956b691c02cbd3872236eb9173fd8b9
--- /dev/null
+++ b/reuters/test/20721
@@ -0,0 +1,12 @@
+TEXACO <TX> UNIT RAISES CRUDE OIL PRICES
+  Texaco Inc said it raised the contract
+  price it will pay for most grades of crude oil by 50 cts a
+  barrel, effective October 16.
+      The company said the increase brings its posting for the
+  U.S. benchmark grade, West Texas Intermediate, to 19.00 dlrs a
+  barrel. The West Texas Sour and Light Louisiana Sweet grades
+  were also raised 50 cts to 18.10 and 19.35 dlrs a barrel,
+  respectively.
+      Texaco last changed its crude oil postings on September 15.
+  
+
diff --git a/reuters/test/20723 b/reuters/test/20723
new file mode 100644
index 0000000000000000000000000000000000000000..fe0b2788a78e79c72058fdbf2bf17f0e608ffe01
--- /dev/null
+++ b/reuters/test/20723
@@ -0,0 +1,16 @@
+EL SALVADOR SEEKING PL-480 SOYMEAL, CORN
+  El Salvador will tender October 26 for
+  approximately 26,000 tonnes soybean meal, valued at up to 5.6
+  mln dlrs, and about 24,500 tonnes bulk corn, with a value of
+  2.0 mln dlrs, under PL-480 financing, an agent for the country
+  said.
+      It said the country is seeking soymeal with 48 pct protein
+  minimum, 12 pct moisture maximum, and 3.5 pct maximum crude
+  fiber for delivery from November 15-30.
+      The U.S. no. 2 or better yellow corn, with 14.5 pct
+  moisture maximum, is for delivery from November 8-25.
+      Offers on the soymeal and corn are due at 1530 hrs EDT
+  (1930 gmt) Oct 26, and will remain valid until 1000 hrs EDT the
+  next day, the agent said.
+  
+
diff --git a/reuters/test/20725 b/reuters/test/20725
new file mode 100644
index 0000000000000000000000000000000000000000..f1957ed9cc644fa23286c344eecf6289d585e6bf
--- /dev/null
+++ b/reuters/test/20725
@@ -0,0 +1,13 @@
+CHASE ACQUIRES 370 MLN DLR REVOLVING CREDIT
+  The Chase Manhattan Bank, a unit of The
+  Chase Manhattan Corp <CMB>, said it acquired a portfolio of
+  about 190,000 consumer revolving credit accounts from Atlantic
+  Financial Federal <ATLF.O> valued at 370 mln dlrs.
+      The company said the acquisition makes Chase the second
+  largest issuer of credit card and other unsecured consumer
+  credit loans.
+      Outstandings now exceed 5.6 billion dlrs, the company said.
+      The company said the portfolio, accessed by checks, is
+  similar to Chase's Advantage Credit product.
+  
+
diff --git a/reuters/test/20728 b/reuters/test/20728
new file mode 100644
index 0000000000000000000000000000000000000000..97df427594b269f908b9c09864ea0cc58783fe42
--- /dev/null
+++ b/reuters/test/20728
@@ -0,0 +1,12 @@
+REPUBLIC AMERICAN CORP <RAWC.O> 3RD QTR NET
+  Shr 36 cts vs 35 cts
+      Net 7,100,000 vs 8,000,000
+      Net Premiums 61.2 mln vs 58.0 mln
+      Avg shrs 19,950,000 vs 22,760,000
+      Nine mths
+      Shr 1.03 dlrs vs 1.81 dlrs
+      Net 21.3 mln vs 37.8 mln
+      Net Premiums 176.3 mln vs 141.8 mln
+      Avg shrs 20,682,000 vs 20,920,000
+  
+
diff --git a/reuters/test/20730 b/reuters/test/20730
new file mode 100644
index 0000000000000000000000000000000000000000..23d57c9ba989ab88427daf49d2a0627798543980
--- /dev/null
+++ b/reuters/test/20730
@@ -0,0 +1,5 @@
+API SAYS DISTILLATES OFF 1.95 MLN BARRELS, GASOLINE OFF 3.98 MLN, CRUDE UP 2.42 MLN
+
+  API SAYS DISTILLATES OFF 1.95 MLN BARRELS, GASOLINE OFF 3.98 MLN, CRUDE UP 2.42 MLN
+  
+
diff --git a/reuters/test/20734 b/reuters/test/20734
new file mode 100644
index 0000000000000000000000000000000000000000..d1e2a5e9341fb6cd53f079f17f995ac10e85e644
--- /dev/null
+++ b/reuters/test/20734
@@ -0,0 +1,9 @@
+<RESER'S FINE FOODS INC> TO GO PRIVATE
+  Reser's Fine Foods Inc said
+  certain directors and officers, who currently represent about
+  85 pct of the company's stock, plan to take Reser's private
+  through a cash buyout.
+      The company said the group plans to offer 12.50 dlrs per
+  share for the 15 pct of its stock currently outstanding.
+  
+
diff --git a/reuters/test/20735 b/reuters/test/20735
new file mode 100644
index 0000000000000000000000000000000000000000..e2d9e06072b6510ea06efde0ce30f2503c05a67a
--- /dev/null
+++ b/reuters/test/20735
@@ -0,0 +1,10 @@
+LACLEDE STEEL CO <LCLD.O> 3RD QTR NET
+  Shr 32 cts vs 40 cts
+      Net 882,000 vs 1,109,000
+      Sales 66.1 mln vs 60.3 mln
+      Nine mths
+      Shr 1.13 dlrs vs 90 cts
+      Net 3,065,000 vs 2,446,000
+      Sales 198.1 mln vs 178.5 mln
+  
+
diff --git a/reuters/test/20736 b/reuters/test/20736
new file mode 100644
index 0000000000000000000000000000000000000000..e9ea1b149dd9d56d56e2426c695102d381617a68
--- /dev/null
+++ b/reuters/test/20736
@@ -0,0 +1,10 @@
+<REDLAKE CORP> 2ND QTR SEPT 30 NET
+  Shr profit five cts vs loss nine cts
+      Net profit 21,045 vs loss 34,238
+      Revs 1,156,775 vs 963,890
+      Six Mths
+      Shr profit 12 cts vs loss five cts
+      Net profit 48,711 vs loss 18,300
+      Revs 2,124,157 vs 2,009,956
+  
+
diff --git a/reuters/test/20738 b/reuters/test/20738
new file mode 100644
index 0000000000000000000000000000000000000000..6ad3db592042fe89951c3905338c1e7d7f69630f
--- /dev/null
+++ b/reuters/test/20738
@@ -0,0 +1,10 @@
+ALGERIA TENDERING FOR BALANCE EEP WHEAT - TRADE
+  Algeria is tendering tonight for
+  225,000 tonnes of hard red winter wheat at 94.00 dlrs per
+  tonne, c and f, the balance of its original tender under the
+  export bonus program, U.S. exporters said.
+      Algeria bought 75,000 tonnes for November and early
+  December shipmet at that bid, but USDA rejected the bid on
+  wheat for later shipments, the sources said.
+  
+
diff --git a/reuters/test/20744 b/reuters/test/20744
new file mode 100644
index 0000000000000000000000000000000000000000..06a76824ecf733f74bc6f7d1d5c72d930d88c5b4
--- /dev/null
+++ b/reuters/test/20744
@@ -0,0 +1,54 @@
+BANK OF NEW YORK REAFFIRMS TERMS FOR IRVING <V>
+  The Bank of New York Corp <BK> said it
+  reaffirmed the terms of its offer for Irving Bank Corp despite
+  the drop in the Bank of New York's share price to 30-1/8, a
+  Bank of New York spokesman said.
+      "The offer still stands, we have not changed our offer," a
+  Bank of New York spokesman said.
+      Irving would not comment on how the drop in the market
+  affects its position on the bid or whether it would buy back
+  any of its own shares.
+      Earlier this month, Irving rejected the bid as inadequate
+  and said it wanted to retain its independence.
+      In late September, Bank of New York offered 80 dlrs per
+  share in cash for 47.4 pct of Irving. For the remaining 52.6
+  pct, it offered an exchange of 1.9 shares of its shares for one
+  Irving share.
+      At that time, the stock purchase portion was worth close to
+  80 dlrs per share, but now that portion is worth 53 dlrs per
+  share for a net price of 68 dlrs, one analyst said.
+      According to the prospectus offer, shareholders may tender
+  for all cash or all shares on a first come, first serve basis.
+      Analysts were mixed about how the stock price drop would
+  affect the acquisition.
+      "If it gets to the Irving shareholders, they would approve
+  it, but Irving hopes the offer won't go to the shareholders,"
+  said Mark Alpert, banking analyst with Bear Stearns Cos Inc.
+      "And the market is saying the deal won't go through,"
+  Alpert said.
+      "The transaction looks highly unlikely to be completed at
+  present. If Irving wouldn't go with the offer at 80 dlrs a
+  share, then they won't go at a lower price," another analyst
+  said.
+      The analyst also doubted that Bank of New York could afford
+  to retain its original offer.
+      However, industry sources were more uncertain about
+  prospects for the deal.
+      "With Irving's price so low, Bank of New York's offer will
+  look good to Irving shareholders," said Michael Flores, a
+  consultant at Bank Earnings International, a consulting firm.
+      The drop of Irving's share to 44 dlrs per share, which is
+  about a 26 dlr drop from the beginning of last week, increases
+  the chance that Bank of New York will succeed, Flores said.
+      Analysts said that the drop in bank stock prices is likely
+  to depress the level of mergers and acquisition in the banking
+  industry.
+      "Bank takeovers are less likely because banks can't use
+  their own stock to make acquisitions because their share price
+  is too depressed," Alpert said.
+      Since only banks can buy another bank, the only other
+  possible acquirors would be a foreign bank, Alpert said.
+      "In the market drop the stock of acquirors got clobbered
+  more than the acquirees," another analyst said.
+  
+
diff --git a/reuters/test/20746 b/reuters/test/20746
new file mode 100644
index 0000000000000000000000000000000000000000..c24d4509fb957f1b2f8eaccba8ae4328f79448cb
--- /dev/null
+++ b/reuters/test/20746
@@ -0,0 +1,12 @@
+KOLLMORGEN CORP <KOL> 3RD QTR NET
+  Shr profit 15 cts vs loss 40 cts
+      Net profit 1,538,000 vs loss 4,088,000
+      Revs 70.6 mln vs 73.2 mln
+      Nine mths
+      Shr loss eight cts vs loss 57 cts
+      Net loss 832,000 vs loss 5,821,000
+      Revs 217.0 mln vs 248.4 mln
+      NOTE: 1987 qtr and nine mths includes gain 265,000 dlrs, or
+  three cts per share, from utilization of tax loss carryforward.
+  
+
diff --git a/reuters/test/20747 b/reuters/test/20747
new file mode 100644
index 0000000000000000000000000000000000000000..760b1eac36dc12123297f1005a8264d197f7273e
--- /dev/null
+++ b/reuters/test/20747
@@ -0,0 +1,10 @@
+FARM FRESH INC <FFSH.O> 3RD QTR NET
+  Shr one cts vs 20 cts
+      Net 122,556 vs 2,627,205
+      Revs 192.2 mln vs 193.3 mln
+      Nine mths
+      Shr 27 cts vs 56 cts
+      Net 3,556,424 vs 7,531,664
+      Revs 560.6 mln vs 542.3 mln
+  
+
diff --git a/reuters/test/20753 b/reuters/test/20753
new file mode 100644
index 0000000000000000000000000000000000000000..7d8fe1bfaf7b1c2ecc00d41f483e7a3f35e9aed0
--- /dev/null
+++ b/reuters/test/20753
@@ -0,0 +1,12 @@
+FIRST REPUBLICBANK <FRB.N> CORP 3RD QTR LOSS
+  shr diluted loss 46 cts
+      net loss 6,300,000
+      nine mths
+      shr diluted loss 10.89 dlrs
+      net loss 309,100,000
+      NOTE: No comparisons because company was formed in June
+  1987 through merger of RepublicBank Corp and Interfirst Corp.
+      Nine mths includes previously reported provision of 325 mln
+  dlrs in second quarter for possible losses on ldc loans.
+  
+
diff --git a/reuters/test/20754 b/reuters/test/20754
new file mode 100644
index 0000000000000000000000000000000000000000..f8effb7e0e694c7cb2dd06922ba0d210774170f6
--- /dev/null
+++ b/reuters/test/20754
@@ -0,0 +1,5 @@
+DART GROUP SAID IT WILL NOT SOLICIT PROXIES OR ATTEMPT TO ACQUIRE DAYTON HUDSON
+
+  DART GROUP SAID IT WILL NOT SOLICIT PROXIES OR ATTEMPT TO ACQUIRE DAYTON HUDSON
+  
+
diff --git a/reuters/test/20755 b/reuters/test/20755
new file mode 100644
index 0000000000000000000000000000000000000000..2b0138491e2e11a6344763265118731fb56ae216
--- /dev/null
+++ b/reuters/test/20755
@@ -0,0 +1,5 @@
+DART SAID IT SOLD 1.4 MLN DAYTON HUDSON SHARES, EXPECTS TO SELL REST OF HOLDING
+
+  DART SAID IT SOLD 1.4 MLN DAYTON HUDSON SHARES, EXPECTS TO SELL REST OF HOLDING
+  
+
diff --git a/reuters/test/20756 b/reuters/test/20756
new file mode 100644
index 0000000000000000000000000000000000000000..c1313b86b039aeee227aefb09aa40b652e3ef2f2
--- /dev/null
+++ b/reuters/test/20756
@@ -0,0 +1,23 @@
+US DIPLOMATIC MISSIONS ON HIGH ALERT OVER GULF
+  The State Department says many U.S.
+  diplomatic missions overseas are on high alert for possible
+  retaliation from Iran for Monday's attack on two Iranian oil
+  platforms by American forces in the Gulf.
+      At the same time, the Pentagon announced on Tuesday that
+  U.S. forces have begun escorting another Kuwaiti tanker convoy
+  southward through the Gulf from Kuwait.
+      The State Department renewed its warning to Americans not
+  to travel to Iran because of what spokeswoman Phyllis Oakley
+  called, "its virulent anti-American policies and support for
+  terrorism."
+      "The threat to Americans has increased significantly," she
+  said in announcing that the department was reiterating advice
+  it last made in January. The department said about 2,600
+  American citizens live in Iran, the overwhelming majority dual
+  nationalities.
+      Oakley said no specific warning has been issued to U.S.
+  diplomats and Americans living abroad in the aftermath of the
+  U.S. attack on the oil drilling platforms, but "many of our
+  missions are on a high state of alert."
+  
+
diff --git a/reuters/test/20757 b/reuters/test/20757
new file mode 100644
index 0000000000000000000000000000000000000000..c94e37a16c0914fd5f1e4dae81486976d03c1a4a
--- /dev/null
+++ b/reuters/test/20757
@@ -0,0 +1,25 @@
+BRAZIL'S SEPT TRADE SURPLUS HIGHEST OF THE YEAR
+  Brazil's September trade surplus
+  was the best so far this year, totalling 1.494 billion dlrs,
+  compared with 1.434 billion dlrs in August and 540 mln dlrs in
+  September last year, Banco do Brasil's Foreign Trade Department
+  (Cacex) director Namir Salek said in a news conference.
+      September exports were 2.694 billion dlrs, slightly down
+  from 2.76 billion dlrs in August. Imports in September amounted
+  to 1.2 billion dlrs, against 1.32 billion dlrs in August.
+      Salek said the accumulated surplus in the Jan-Sept period
+  was 7.857 billion dlrs, compared with 8.667 billion dlrs in a
+  similar 1986 period.
+      Coffee accounted with 320 mln dlrs of exports, up from 222
+  mln dlrs in August and 212 mln in September 1986, Salek said.
+      The Cacex director said he expected the country's trade
+  surplus to average 800 mln dlrs in the remaining three months
+  of the year, estimating the year's overall surplus to reach
+  10.2 billion dlrs, from 25.6 billion dlrs worth of exports and
+  15.4 billion dlrs of imports.
+      He attributed the good surplus on exports of manufactured
+  and semimanufactured goods. He mentioned car exports, which
+  accounted alone with sales of 617 mln dlrs in the Jan-Sept
+  period, against 194 mln dlrs in a similar 1986 period.
+  
+
diff --git a/reuters/test/20759 b/reuters/test/20759
new file mode 100644
index 0000000000000000000000000000000000000000..a456051485114fcf525caf0d5f04ebd6fc4fdf4d
--- /dev/null
+++ b/reuters/test/20759
@@ -0,0 +1,5 @@
+REAGAN SAYS THERE IS ROOM FOR FURTHER DECLINES IN INTEREST RATES
+
+  REAGAN SAYS THERE IS ROOM FOR FURTHER DECLINES IN INTEREST RATES
+  
+
diff --git a/reuters/test/20763 b/reuters/test/20763
new file mode 100644
index 0000000000000000000000000000000000000000..452f2a48f2ecd19fbe2363b0a0ff63aa01ef62a6
--- /dev/null
+++ b/reuters/test/20763
@@ -0,0 +1,12 @@
+CANADA PANEL ADVISES CUTTING U.S. CORN DUTY
+  The Canadian Import Tribunal said the
+  countervailing duty on U.S. corn imports should be cut to 30
+  Canadian cts a bushel from 1.10 dlrs a bushel.
+      In a report to the Canadian finance department, the
+  tribunal said the duty is hurting Canadian farmers and food
+  processors. The duty was imposed last year after the revenue
+  department found U.S. corn production was subsidized.
+      It is now up to the government to decide whether to change
+  the duty.
+  
+
diff --git a/reuters/test/20764 b/reuters/test/20764
new file mode 100644
index 0000000000000000000000000000000000000000..2364e6efdbc6fc21a1bcdd17aa7c6bf330a91094
--- /dev/null
+++ b/reuters/test/20764
@@ -0,0 +1,84 @@
+TREASURY'S BAKER UNDER FIRE FOR WALL STREET DROP
+  As official Washington sought to
+  restore investor confidence after Monday's Wall Street
+  collapse, Treasury Secretary James Baker came under fire from
+  critics who claimed he helped to precipitate the crisis.
+      Baker's weekend blast at the West German Bundesbank for
+  boosting interest rates seemed to signal an unraveling of an
+  international accord to stabilize currency values.
+      Nigel Lawson, British Chancellor of the Exchequer, was
+  among those who said the treasury secretary's statements helped
+  spur a wave of stock sales by making already jittery investors
+  think that a clash between the two major economic powers would
+  damage the world economy.
+      Lawson told a London television interviewer Tuesday, "I
+  think the scale of the (stock) fall was very great. That, I
+  think, was partly due to statements that have been made by
+  senior figures on the other side of the Atlantic." It was a
+  dispute that should never have happened, he added.
+      Although Baker appeared to patch over the rift at a
+  hastily-called meeting with West German officials Monday, he  
+  still faced a storm of criticism on his return to the United
+  States on Tuesday. Baker cut short a long-planned trip to
+  Scandinavia to return here to deal with the economic crisis.
+      Said one U.S. analyst of Baker's weekend remarks, "His
+  timing could not have been worse."
+      One government bond salesman in New York said, "He actually
+  thought that yelling at the Germans, and threatening to smack
+  the dollar down would work. That doesn't show much
+  understanding of international monetary gamesmanship."
+      However, some analysts said West Germany's stubborn march
+  toward higher interest rates may have forced Baker's hand.
+      "On the surface Baker may look responsible for this, but if
+  you go back to see what caused it (unsettling of financial
+  markets), it was West German policy," said Robert Brusca of
+  Nikko Securities International in New York.
+      "All Mr. Baker did was to mention the obvious in public, so
+  making him responsible for it was a little like killing the
+  messenger," he said.
+      After Monday's talks, the U.S. and West German governments
+  made it clear that the Louvre currency accord, pieced together
+  in Paris in February, was still in effect.
+      Wall Street feared that collapse of the agreement might be
+  a prelude to hyper-inflation and economic malaise similar to
+  the late 1970s. Analysts believe Monday's Wall Street crash
+  wiped out about 500 billion dlrs in stock values.
+     Treasury sources said that Baker, already unhappy about
+  Bonn's refusal to stimulate its economy in order to keep the
+  global recovery moving, was angered by a Bundesbank interest
+  rate boost that seemed destined to do just the opposite.
+      He felt that the U.S. recovery, inching along in its 59th
+  month, could no longer be the only engine of global economic
+  expansion. A growing U.S. economy has been serving as a huge
+  market for debtor country exports.
+      Moreover, Baker, the consummate politician, was worried
+  that the Republican party might face next year's presidential
+  election with its main showpiece -- a vibrant economy -- badly
+  tarnished.
+      A rise in global interest rates might worsen the debt
+  crisis and completely choke off U.S. economic growth that has
+  already slowed to a tepid 3.2 pct annual rate.
+      "There's no doubt that it can have an adverse effect on the
+  economy, and it's important that the psychology turn around
+  quickly, or else obviously the panic will feed on itself, and
+  eventually there'll be a serious price to pay economically,"
+  former deputy Treasury Secretary Richard Darman said in a
+  television interview.
+      In many ways, the official response was mild.
+      Washington was stunned by the sudden Wall Street retreat,
+  with President Reagan speaking for most people by admitting
+  that he was "puzzled."
+      U.S. government sources said the secretary immediately
+  returned to the Treasury to be briefed on market developments
+  and, presumably, their political impact.
+      For all of this, it seems unlikely that Baker's status in
+  Washington will diminish because of the market fall.
+      Asked by reporters if somebody's head should roll because
+  of the Wall Street retreat, Texas Democratic Senator Lloyd
+  Bentsen said with some irony, "Oh, I think it's much too late to
+  be doing that...You have an administration that's taken the
+  attitude that we can put the country on automatic pilot and ---
+  retire to the living room to take a nap. You just can't do
+  that."
+  
+
diff --git a/reuters/test/20766 b/reuters/test/20766
new file mode 100644
index 0000000000000000000000000000000000000000..9c484ca915bd51faaf2b0e80584a3ba1fcd4681a
--- /dev/null
+++ b/reuters/test/20766
@@ -0,0 +1,12 @@
+GROUP LIFTS AIRLEASE <FLY> STAKE TO 15.1 PCT
+  A group of firms led by PS Group Inc
+  <PSG> said it increased its stake in Airlease Ltd depositary
+  units representing limited partners interest to 700,400 units,
+  or 15.1 pct of the total outstanding, from a previous figure of
+  approximately 651,000 units, or 14 pct.
+      In a filing with the Securities and Exchange Commission,
+  the group said it bought 49,400 Airlease units between July 16
+  andf October 15 at 17.23 dlrs to 17.60 dlrs a share.
+      No reason was given for the recent purchases.
+  
+
diff --git a/reuters/test/20767 b/reuters/test/20767
new file mode 100644
index 0000000000000000000000000000000000000000..b14c51ab465b9c8d922c19049c1419983dae83f1
--- /dev/null
+++ b/reuters/test/20767
@@ -0,0 +1,12 @@
+CONTINENTAL INFORMATION SYSTEMS CORP <CNY> 2ND
+  Shr 22 cts vs 24 cts
+      Net 2,794,000 vs 2,993,000
+      Revs 91.4 mln vs 66.4 mln
+      Six mths
+      Shr 45 cts vs 39 cts
+      Net 5,677,000 vs 5,700,000
+      Revs 174.6 mln vs 132.8 mln
+      NOTE: 2nd qtr end August 31. Per share amounts adjusted for
+  10 pct stock dividend paid June two, 1987.
+  
+
diff --git a/reuters/test/20768 b/reuters/test/20768
new file mode 100644
index 0000000000000000000000000000000000000000..3fc6111884fc089f1caf24918d6aeba528b676e1
--- /dev/null
+++ b/reuters/test/20768
@@ -0,0 +1,10 @@
+TENERA LTD <TLPZZ.O> 3RD QTR NET
+  Shr 25 cts vs 26 cts
+      Net 2,200,000 vs 2,100,000
+      Revs 8,500,000 vs 9,600,000
+      Nine mths
+      Shr 77 cts vs 63 cts
+      Net 6,900,000 vs 4,800,000
+      Revs 27.9 million vs 25.3 million
+  
+
diff --git a/reuters/test/20769 b/reuters/test/20769
new file mode 100644
index 0000000000000000000000000000000000000000..eb7d8558f68f5ab6f46f12c80bd50852aa09340a
--- /dev/null
+++ b/reuters/test/20769
@@ -0,0 +1,17 @@
+REAGAN SEES ROOM FOR INTEREST RATE DECLINES
+  President Reagan said he was pleased
+  with the actions of some banks to reduce their prime lending
+  rates today and said he sees room for a further decline in
+  interest rates.
+      "I believe there is room in the market for a further decline
+  in interest rates," Reagan said in a statement as he left the
+  White House to visit his wife Nancy at Bethesda Naval Hospital.
+      Reagan's statement followed a meeting with his top economic
+  advisers.
+      Reagan said he remains concerned about the market, but that
+  actions taken by the Federal Reserve have helped.
+      "Interest rates are down across the spectrum," Reagan said.
+      "Specifically, I am pleased that the bond market is strong
+  and that foreign exchange markets are stable," Reagan said.
+  
+
diff --git a/reuters/test/20770 b/reuters/test/20770
new file mode 100644
index 0000000000000000000000000000000000000000..8fdefa5cd03e823bdc1d35e8b405e704bde4f60d
--- /dev/null
+++ b/reuters/test/20770
@@ -0,0 +1,19 @@
+ATLANTIC AMERICAN CORP <AAME.O> 3RD QTR NET
+  Shr profit seven cts vs loss 24 cts
+      Net profit 650,000 vs loss 2,327,000
+      Revs 34.3 mln vs 37.0 mln
+      Nine mths
+      Shr profit 38 cts vs profit 67 cts
+      Net profit 3,673,000 vs profit 6,474,000
+      Revs 108.4 mln vs 110.0 mln
+      NOTE: 1987 qtr and nine mths includes gain 5,360,000 dlrs,
+  or 55 cts per share, and 6,339,000 dlrs, or 65 cts per share,
+  respectively, from realized gains on investments.
+     
+      1986 qtr and nine mths includes gain 105,000 dlrs, or one
+  cent per share, and 342,000 dlrs, or three cts per share,
+  respectively, from realized gains on investments.
+      1986 qtr and nine mths includes charge 4,860,000, or 50 cts
+  per share from strengthening reserve for casualty claims.
+  
+
diff --git a/reuters/test/20771 b/reuters/test/20771
new file mode 100644
index 0000000000000000000000000000000000000000..ffb6aacf7833f919713e66c629923cc1b995362a
--- /dev/null
+++ b/reuters/test/20771
@@ -0,0 +1,12 @@
+TRINITY INDUSTRIES INC <TRN> 2ND QTR SEPT 30
+  Shr six cts vs 17 cts
+      Net 1,064,000 vs 2,676,000
+      Revs 144.6 mln vs 129.4 mln
+      Avg shrs 17.1 mln 16.1 mln
+      Six mths
+      Shr 13 cts vs 25 cts
+      Net 2,167,000 vs 4,029,000
+      Revs 248.0 mln vs 249.2 mln
+      Avg shrs 17.1 mln vs 16.1 mln
+  
+
diff --git a/reuters/test/20773 b/reuters/test/20773
new file mode 100644
index 0000000000000000000000000000000000000000..362eec2fcdb745042b413478c12a547a10abbf29
--- /dev/null
+++ b/reuters/test/20773
@@ -0,0 +1,23 @@
+DART GROUP DROPS DAYTON HUDSON <DH> TAKEOVER BID
+  Dart Group Corp <DARTA.O> affiliate
+  Madison Partners said that given current market conditions it
+  has dropped its takeover bid for Dayton Hudson Corp.
+      The company said it sold 1.4 mln of its 4.6 mln shares of
+  Dayton Hudson stock.
+      It said it intends to sell the rest of its Dayton Hudson
+  shares. At current market levels, it would suffer a 70 mln dlr
+  aftertax loss on its holding, a spokesman said.
+      Dart said it will not solicit authorization to call a
+  meeting of Dayton Hudson shareholders.
+      Dart had offered to buy Dayton Hudson for 68 dlrs per
+  share, valuing the Minneapolis based retailer at 6.6 billion
+  dlrs. That offer was rejected by the company.
+      Following the selloff in takeover stocks last week, and the
+  market's decline this week, Dayton Hudson stock closed at
+  27-1/2 today, off 2-1/2.
+      Dart's holdings amounted to just under five pct of Dayton
+  Hudson.
+      A Dart spokesman said the 1.4 mln shares were sold in the
+  market today.
+  
+
diff --git a/reuters/test/20774 b/reuters/test/20774
new file mode 100644
index 0000000000000000000000000000000000000000..e319d876e8c25e616afb6d9305e74562b59fdf49
--- /dev/null
+++ b/reuters/test/20774
@@ -0,0 +1,33 @@
+CONVOY RUNS GULF GAUNTLET, OTHER SHIPS STAY CLEAR
+  A new convoy of tankers escorted by
+  American warships headed down the Gulf on Wednesday, towards
+  Iranian oil platforms still oozing smoke after having being
+  blasted by U.S. Navy raiders.
+      Some Gulf sea captains were reported to be steering well
+  clear of Iran's Silkworm missiles, however, and frontline
+  emirate Kuwait redeployed air defences to counter the threat.
+      "I think the predominant feeling ... Is of being scared this
+  conflict will escalate," a top West German Foreign Ministry
+  official, Helmut Schaefer, told reporters in Bahrain after a
+  tour of three Gulf states.
+  b
+      Shipping sources said on Tuesday night at least six sea
+  captains had voiced fears that Iran would avenge Monday's U.S.
+  Raids by unleashing more Silkworm missiles at ships plying the
+  Gulf.
+      Belgium decided two minesweepers en route for the Gulf
+  would stay out for the time being following Monday's U.S.
+  Action.
+      But there was no sign that the prospect of more tit-for-tat
+  assaults had reduced the level of shipping activity in the
+  area.
+      Iran, having vowed to react strongly after Monday's U.S.
+  Action, launched a barrage of threats and ridicule.
+      For its part, Washington warned Iran again on Tuesday that
+  it was ready for any further hostile action.
+      Pentagon officials then announced that a U.S. Guided
+  missile destroyer began escorting two Kuwaiti tankers flying
+  the U.S. flag southwards--the 80,000 tonne product carrier
+  Ocean City and 46,000 tonne petroleum tanker Gas King.
+  
+
diff --git a/reuters/test/20775 b/reuters/test/20775
new file mode 100644
index 0000000000000000000000000000000000000000..ec053a4cbb029c6ac0ab8a20de22a34255683163
--- /dev/null
+++ b/reuters/test/20775
@@ -0,0 +1,16 @@
+METROPOLITAN <MONY.O> TO MAKE OFFER FOR METEX
+  Metropolitan Consolidated Industries Inc
+  said it will make a tender offer for all or any of the
+  outstanding shares of common stock of Metex Corp <MTX> not
+  currently held by or under option to Metropolitan for 7.75 dlrs
+  per share.
+      The company said the offer will be subject ot securing
+  satisfactory financing.
+      Metropolitan currently owns about 25.7 pct of Metex common
+  and holds options to purchase about an additional 16 pct of
+  Metex common stock.
+     
+      Metropolitan said the offer will be made no later than
+  October 27.
+  
+
diff --git a/reuters/test/20776 b/reuters/test/20776
new file mode 100644
index 0000000000000000000000000000000000000000..ecc70da160965b4cb0c654c2af1f4e0e71e91660
--- /dev/null
+++ b/reuters/test/20776
@@ -0,0 +1,7 @@
+BII ENTERPRISES <BII.TO> NINE MTHS AUG 31 NET
+  Shr 22 cts vs 50 cts
+      Net 1.2 mln vs 2.2 mln
+      Sales 41.7 mln vs 38.3 mln
+      Note: BII Enterprises Inc
+  
+
diff --git a/reuters/test/20778 b/reuters/test/20778
new file mode 100644
index 0000000000000000000000000000000000000000..adfdeebc03ae15d7dbe291161427c73bdd0a72de
--- /dev/null
+++ b/reuters/test/20778
@@ -0,0 +1,19 @@
+ARTILLERY SHELLS SAID TO FALL ON KUWAIT BORDER
+  Artillery shells from an exchange of fire
+  between Iran and Iraq fell on Kuwait's northern border on
+  Tuesday but caused no casualties, the Kuwait News Agency KUNA
+  said, quoting a Defense Ministry official.
+      There were rumors in world oil markets on Tuesday that Iran
+  had fired shells at an oil camp in northern Kuwait in
+  retaliation for U.S. Attacks on Iranian oil platforms in the
+  Gulf on Monday. "Several shells fell in a random manner on the
+  northern border of the country," the official told KUNA. "It
+  seems these shells arose from an exchange of fire between Iran
+  and Iraq... No one was wounded and there were no losses."
+      Diplomats said shells from the nearby Iran-Iraq warfront
+  had in the past fallen in the northern Kuwaiti desert.
+      A senior Kuwait Petroleum Corporation official had earlier
+  told Reuters he was unaware of any attack against Kuwaiti oil
+  installations.
+  
+
diff --git a/reuters/test/20779 b/reuters/test/20779
new file mode 100644
index 0000000000000000000000000000000000000000..fa2cc52f0145f77a26a2aae58a169ce4f8d78d6f
--- /dev/null
+++ b/reuters/test/20779
@@ -0,0 +1,11 @@
+ZERO CORP <ZRO> 2ND QUARTER NET
+  Shr 27 cts vs 20 cts
+      Net 3,411,000 vs 2,487,000
+      Revs 34.7 mln vs 31.9 mln
+      Six mths
+      Shr 51 cts vs 41 cts
+      Net 6,372,000 vs 5,090,000
+      Revs 68.1 mln vs 63.7 mln
+      Avg shrs 12.6 mln vs 12.5 mln
+  
+
diff --git a/reuters/test/20784 b/reuters/test/20784
new file mode 100644
index 0000000000000000000000000000000000000000..a66574714a5366eeebe4080c860b4a290a606f46
--- /dev/null
+++ b/reuters/test/20784
@@ -0,0 +1,10 @@
+SEALED AIR CORP <SEE> 3RD QTR NET
+  Shr 54 cts vs 53 cts
+      Net 4,193,000 vs 4,052,000
+      Revs 75.2 mln vs 63.9 mln
+      Nine mths
+      Shr 1.98 dlrs vs 1.75 dlrs
+      Net 15.4 mln vs 13.5 mln
+      Revs 223.4 mln vs 199.5 mln
+  
+
diff --git a/reuters/test/20787 b/reuters/test/20787
new file mode 100644
index 0000000000000000000000000000000000000000..411588916fdc0c4cd124d15b763b295eebfefe70
--- /dev/null
+++ b/reuters/test/20787
@@ -0,0 +1,31 @@
+U.S. MAY END ADDITIONAL SANCTIONS AGAINST JAPAN
+  The United States may lift an
+  additional 84 mln dlrs in trade sanctions against Japan later
+  this month, Reagan Administration officials said.
+      President Reagan imposed 300 mln dlrs in sanctions on
+  Japanese goods last April for its failure to honor a 1986
+  agreement to end dumping semiconductors in the U.S. and third
+  country markets and to open its home market to U.S. goods.
+      The move raised tariffs to 100 pct from about five pct on
+  Japanese color television sets, hand-held power tools and
+  portable computers.
+      Reagan lifted 51 mln dlrs of the sanctions last June  after
+  Japan ended selling the semiconductors on the U.S. market at
+  below production costs.
+      Semiconductors are the small silicon chips used for memory
+  and recall purposes in a wide variety of computers.
+      The Administration officials said Commerce Department 
+  monitors showed that Japan was ending its dumping of the
+  semiconductors in third countries, where they had been taking
+  sales away from American-made semiconductors.
+      They said it was likely the 51 mln dlrs in sanctions would
+  be lifted by the end of the month.
+      The United States and Japan remain at odds over opening the
+  closed Japanese markets to U.S. goods.
+      U.S. and Japanese officials reviewed Japan's compliance
+  with the agreement earlier this week.
+      The periodic reviews are to continue and the remaining
+  sanctions to stay in force, the officials said, until Japan is
+  in full compliance with the semiconductor agreement.
+  
+
diff --git a/reuters/test/20790 b/reuters/test/20790
new file mode 100644
index 0000000000000000000000000000000000000000..6af4bc12376be8fa8a81666747aa49a5a9f50972
--- /dev/null
+++ b/reuters/test/20790
@@ -0,0 +1,24 @@
+CANADIAN PACIFIC (CP) UNIT STUDIES PULP MILL
+  CIP Inc, wholly-owned by Canadian
+  Pacific Ltd, is considering building a pulp mill in Texas which
+  would use kenaf fibre instead of wood, CIP president Cecil
+  Slenniken said in an interview.
+       The kenaf plant is a member of the hibiscus family and was
+  artificially developed several years ago. The plant, which has
+  been grown in Southern Texas, reaches a height of 10 feet in
+  three months and is said to produce better quality newsprint
+  than wood pulp, a CIP official said.
+       Slenniken said the company has commissioned studies for a
+  200,000 tonne capacity pulp mill which would use the fibre but
+  would need partners to begin the project.
+      "We are not yet ready to commit the hundreds of millions of
+  dollars it would take for such a project," Slenniken said.
+       He said CIP has been using the pulp on a trial basis to
+  make newsprint containing 90 pct kenaf fibre and 10 pct
+  softwood fibre at its Trois-Rivieres, Quebec plant.
+      CIP, Canada's second largest newsprint producer, recently
+  launched a 366 mln Canadian dlr newsprint mill at Gold River,
+  British Columbia which is due begin producing 230,000 metric
+  tonnes per year by fall of 1989.
+  
+
diff --git a/reuters/test/20791 b/reuters/test/20791
new file mode 100644
index 0000000000000000000000000000000000000000..da06813b88a98a94951a3e177880d927d4993fdc
--- /dev/null
+++ b/reuters/test/20791
@@ -0,0 +1,13 @@
+CALIFORNIA FIRST BANK (CFBK.O) 3RD QTR NET
+  Shr 83 cts vs 67 cts
+      Net 10,052,000 vs 7,929,000
+      Avg shrs 12,161,000 vs 11,824,000
+      Nine mths
+      Shr 2.33 dlrs vs 1.91 dlrs
+      Net 28,110,000 vs 22,386,000
+      Avg shrs 12,078,000 vs 11,729,000
+      Assets 5.9 billion vs 5.7 billion
+      Deposits 5.3 billion vs 4.8 billion
+      Loans and leases 4.2 billion vs 4.0 billion
+  
+
diff --git a/reuters/test/20792 b/reuters/test/20792
new file mode 100644
index 0000000000000000000000000000000000000000..aa8714a9343ec07e0e5a63447d1f8c14bfda7c35
--- /dev/null
+++ b/reuters/test/20792
@@ -0,0 +1,11 @@
+TRACE PRODUCTS <TRCE.O> MERGER AGREEMENT SUSPENDED
+  Trace Products Inc said its stock-swap
+  merger agreement with privately held Central Point Software has
+  been suspended indefinitely because of uncertainty in the stock
+  market.
+      Trace Products, which manufactures diskette and tape
+  duplication equipment for software publishers, had earlier
+  agreed to acquire Portland, Ore.-based Central Point for 5.5
+  mln shares of its common stock.
+  
+
diff --git a/reuters/test/20793 b/reuters/test/20793
new file mode 100644
index 0000000000000000000000000000000000000000..86d59346c6140b0c4c3a1fab42dcb0f770d3b25c
--- /dev/null
+++ b/reuters/test/20793
@@ -0,0 +1,6 @@
+RPC ENERGY SERVICES INC <RES> 1ST QTR SEPT 30
+  Shr profit one cent vs loss 29 cts
+      Net profit 116,000 vs loss 4,195,000
+      Revs 20.2 mln vs 6,393,000
+  
+
diff --git a/reuters/test/20794 b/reuters/test/20794
new file mode 100644
index 0000000000000000000000000000000000000000..515deb2e508a6ff270af8163b7cd7ecc49e83f54
--- /dev/null
+++ b/reuters/test/20794
@@ -0,0 +1,13 @@
+BRENTON BANKS <BRBK.O> 3RD QTR OPER NET
+  Oper shr 38 cts vs 1.84 dlrs
+      Oper net 973,000 vs 4,497,000
+      Nine mths
+      Oper shr 1.22 dlrs vs 1.31 dlrs
+      Oper net 3,133,000 vs 3,410,000
+      NOTE: Results exclude extraordinary gain from net loss
+  carryforward of 672,000 dlrs or 27 cts in 1987 3rd qtr, 918,000
+  dlrs 38 cts in 1986 3rd qtr, and 1,071,000 dlrs or 44 cts in
+  1987 nine months. 1986 results include 5.1 mln dlr gain from
+  termination of defined benefit pension plan.
+  
+
diff --git a/reuters/test/20795 b/reuters/test/20795
new file mode 100644
index 0000000000000000000000000000000000000000..3e903ea051093d0320cf63f9c153794d27badec9
--- /dev/null
+++ b/reuters/test/20795
@@ -0,0 +1,23 @@
+REAGAN SAYS U.S. COMMITTED TO LOUVRE ACCORD
+  President Reagan said the United
+  States remains committed to the Louvre accord in which the
+  seven major industrial nations agreed to stabilize currency
+  exchange rates.
+      "The United States remains committed to the Louvre
+  agreement," Reagan said in a statement following a meeting with
+  his top economic advisers.
+      Reagan said the United States, Japan and West Germany had
+  all reaffirmed their commitment to coordinate economic
+  policies.
+      Reagan said Japanese Prime Minister-designate Noboru
+  Takeshita said in a telephone conversation Tuesday morning that
+  "his (Takeshita's) top priority was to maintain stable economic
+  relations with the United States."
+      Reagan noted that Treasury Secretary James Baker met with
+  West German financial officials and reaffirmed their commitment
+  to the Louvre agreement.
+      They "reaffirmed our agreement to coordinate economic
+  policies to provide for non-inflationary growth and stable
+  exchange rates," Reagan said.
+  
+
diff --git a/reuters/test/20797 b/reuters/test/20797
new file mode 100644
index 0000000000000000000000000000000000000000..e959128556472af6f4283205aa0361945bc88de7
--- /dev/null
+++ b/reuters/test/20797
@@ -0,0 +1,13 @@
+GROUP LIFTS STAKE IN SUAVE SHOE<SWV> TO 11.5 PCT
+  A shareholder group including
+  Entregrowth Interational Ltd, of Auckland, New Zealand, said it
+  lifted its stake in Suave Shoe Corp common stock to 319,600
+  shares, or 11.5 pct of the total outstanding, from a previous
+  figure of approximately 238,400 shares, or 8.6 pct.
+      In a filing with the Securities and Exchange Commission,
+  the group said it bought 81,200 Suave Shoe common shares in
+  open market transactions between October 1 and 19 at 8.34 dlrs
+  to 10.07 dlrs a share.
+      No reason was given for the purchases.
+  
+
diff --git a/reuters/test/20798 b/reuters/test/20798
new file mode 100644
index 0000000000000000000000000000000000000000..ba479a88122e1c7ff32227f872cf4ddc8a036321
--- /dev/null
+++ b/reuters/test/20798
@@ -0,0 +1,13 @@
+BUDGET RENT A CAR CORP <BDGT.O> 3RD QTR NET
+  Shr 51 cts vs 36 cts
+      Net 5,600,000 vs 4,000,000
+      Revs 115.4 mln vs 91.2 mln
+      Nine mths
+      Shr 1.13 dlrs vs 61 cts
+      Net 10.7 mln vs 5,800,000
+      Revs 308.2  mln vs 249.5 mlln
+      NOTE: 1986 resutls restated on pro forma basis to reflect
+  comparable treatment of Budget's leveraged buyout on September
+  30, 1986, and initial common stock offering on May 22, 1987.
+  
+
diff --git a/reuters/test/20800 b/reuters/test/20800
new file mode 100644
index 0000000000000000000000000000000000000000..76e6d3f5a668ac6789a82f9ece4b0660ce92353b
--- /dev/null
+++ b/reuters/test/20800
@@ -0,0 +1,10 @@
+USPCI INC <UPC> 3RD QTR NET
+  Shr 12 cts vs 10 cts
+      Net 1,600,000 vs 1,314,000
+      Revs 17.6 mln vs 12.2 mln
+      Nine mths
+      Shr 58 cts vs 43 cts
+      Net 7,624,000 vs 5,336,000
+      Revs 56.8 mln vs 40.1 mln
+  
+
diff --git a/reuters/test/20801 b/reuters/test/20801
new file mode 100644
index 0000000000000000000000000000000000000000..48c54f9142d422b7625cd14e7d5072b49fa7fbb4
--- /dev/null
+++ b/reuters/test/20801
@@ -0,0 +1,9 @@
+SOMERSET BANCORP INC <SOMB.O> 3RD QTR NET
+  Net 1,137,000 vs 1,185,000
+      Nine mths
+      Shr 2.17 dlrs vs 2.03 dlrs
+      Net 3,645,000 vs 3,384,000
+      Assets 374.4 mln vs 355.4 mln
+      NOTE: Per shr data in qtr not disclosed.
+  
+
diff --git a/reuters/test/20802 b/reuters/test/20802
new file mode 100644
index 0000000000000000000000000000000000000000..605884faf6b5145730f05b87a8c1a436abea40c5
--- /dev/null
+++ b/reuters/test/20802
@@ -0,0 +1,6 @@
+CPT CORP <CPTC.O> 1ST QTR SEPT 30 LOSS
+  Shr loss 15 cts vs loss 19 cts
+      Net loss 2,161,000 vs loss 2,873,000
+      Revs 24.5 mln vs 22.6 mln
+  
+
diff --git a/reuters/test/20803 b/reuters/test/20803
new file mode 100644
index 0000000000000000000000000000000000000000..dad597df35ebf113fa1a7dab2b815d78a52fd514
--- /dev/null
+++ b/reuters/test/20803
@@ -0,0 +1,13 @@
+THE CHARIOT GROUP INC <CGR> 3RD QTR NET
+  Shr 10 cts vs two cts
+      Net 262,000 vs 38,000
+      Revs 11.2 mln vs 5,858,000
+      Avg shrs 2,589,045 vs 2,588,364
+      Nine mths
+      Shr 46 cts vs 26 cts
+      Net 1,179,000 vs 601,000
+      Revs 32.7 mln vs 18.7 mln
+      NOTE: All per shr data adjusted to reflect 10 pct stock
+  dividend distributed in 2nd qtr 1987.
+  
+
diff --git a/reuters/test/20804 b/reuters/test/20804
new file mode 100644
index 0000000000000000000000000000000000000000..30853504665bb01428d3f93b471bb7054f1942aa
--- /dev/null
+++ b/reuters/test/20804
@@ -0,0 +1,6 @@
+COMSHARE INC <CSRE.O> 1ST QTR SEPT 30 LOSS
+  Shr loss 35 cts vs profit 18 cts shr
+      Net loss 946,300 vs profit 502,500
+      Revs 17.3 mln vs 16.8 mln
+  
+
diff --git a/reuters/test/20807 b/reuters/test/20807
new file mode 100644
index 0000000000000000000000000000000000000000..1dd27afd307bfe8d6bb70b4013c97d553d1695c0
--- /dev/null
+++ b/reuters/test/20807
@@ -0,0 +1,11 @@
+MARINE CORP <MCRP.O> 3RD QTR NET
+  Shr 1.24 dlrs vs 1.16 dlrs
+      Net 10.1 mln vs 8,910,000
+      Nine mths
+      Shr 2.42 dlrs vs 3.30 dlrs
+      Net 19.8 mln vs 25.4 mln
+      Assets 4.3 billion vs 3.8 billion
+      Deposits 3.4 billion vs 3.1 billion
+      Loans 2.6 billion vs 2.3 billion
+  
+
diff --git a/reuters/test/20811 b/reuters/test/20811
new file mode 100644
index 0000000000000000000000000000000000000000..9d6853be49821b95f39da583b8f1a5a429a824af
--- /dev/null
+++ b/reuters/test/20811
@@ -0,0 +1,28 @@
+SOUTHLAND <SLC> TARGETED IN SEC INVESTIGATION
+  Southland Corp said it was told the 
+  Securities and Exchange Commission ordered a private
+  investigation into Southland stock trading and statements made
+  by the company this year.
+      "Southland has been advised that the Commission has issued
+  a private order of investigation concerning the trading of
+  Southland stock during various times in 1987 and the issuance
+  of various public statements by Southland," Southland said in a
+  proxy statement to shareholders.
+      Southland did not elaborate on the SEC order of
+  investigation, and company officials could not be reached for
+  comment late Tuesday.
+      The SEC has a long-standing policy against confirming or
+  denying the existence of investigations.
+      The proxy statement, filed with the Securities and Exchange
+  Commission, is required for a November 5 shareholders meeting
+  called to approve the previously announced acquisition of
+  Southland by a company controlled by Southland chairman John
+  Thompson and members of his family.
+      Earlier this year, a group led by Thompson acquired
+  majority ownership of Southland through a 77 dlrs a share
+  tender offer for 31.5 mln shares of Southland common stock.
+      If the merger is approved, common stock still outstanding
+  will be converted into the right to receive 61.32 dlrs a share
+  in cash plus a fraction of a share of preferred stock.
+  
+
diff --git a/reuters/test/20812 b/reuters/test/20812
new file mode 100644
index 0000000000000000000000000000000000000000..985de49654affe50a3e6b0b458428c733a6af23d
--- /dev/null
+++ b/reuters/test/20812
@@ -0,0 +1,13 @@
+CONTINENTAL INFORMATION SYSTEMS <CNY> 2ND QTR
+  Qtr ends Aug 31
+      Shr 22 cts vs 24 cts
+      Net 2,794,000 vs 2,993,000
+      Revs 91.4 mln vs 66.4 mln
+      Six mths
+      Shr 45 cts vs 45 cts
+      Net 5,677,000 vs 5,700,000
+      Revs 174.6 mln vs 132.8 mln
+      NOTE: full name of company is continental information
+  systems corp.
+  
+
diff --git a/reuters/test/20813 b/reuters/test/20813
new file mode 100644
index 0000000000000000000000000000000000000000..670b6933e194e5bb8bc043e30bd9142a2e5773ed
--- /dev/null
+++ b/reuters/test/20813
@@ -0,0 +1,10 @@
+FAMILY DOLLAR STORES INC <FDO> 4TH QTR AUG 31
+  Shr 15 cts vs 27 cts
+      Net 4,358,947 vs 7,786,640
+      Revs 140.8 mln vs 121.2 mln
+      Year
+      Shr 86 cts vs 1.06 dlrs
+      Net 24.8 mln vs 30.5 mln
+      Revs 560.3 mln vs 487.7 mln
+  
+
diff --git a/reuters/test/20814 b/reuters/test/20814
new file mode 100644
index 0000000000000000000000000000000000000000..6cef17a602601ccf45ea5fe2d2bbee18ea68aadf
--- /dev/null
+++ b/reuters/test/20814
@@ -0,0 +1,17 @@
+ALFA CORP <ALFA.O> 3RD QTR NET
+  Shr 28 cts vs 21 cts
+      Net 4,653,815 vs 3,564,451
+      Revs 34.0 mln vs 12.8 mln
+      Nine mths
+      Shr 61 cts vs 53 cts
+      Net 10.4 mln vs 8,881,825
+      Revs 61.8 mln vs 38.4 mln
+      NOTE: Per shr amounts are after giving retroactive effect
+  for a 2-for-1 split effected as a 100 pct stock dividend which
+  was paid June 1, 1987.Net includes net realized investment
+  gains of 1,213,471 vs 937,801 in nine mths 1987 vs 1986, and
+  604,172 vs 474,556 in qtr 1987 vs 1986. Net includes net
+  investment income of 12.5 mln vs 11.2 mln in nine mths 1987 vs
+  1986, and 4,480,540 vs 3,781,245 in qtr 1987 vs 1986.
+  
+
diff --git a/reuters/test/20817 b/reuters/test/20817
new file mode 100644
index 0000000000000000000000000000000000000000..65abb0e11f65b7624c8d2d16dcbb8f75fb148b5c
--- /dev/null
+++ b/reuters/test/20817
@@ -0,0 +1,7 @@
+INVITRON CORP <INVN.O> 1ST QTR SEPT 30 NET
+  Shr eight cts vs 12 cts
+      Net 1,016,552 vs 980,834
+      Revs 6,786,579 vs 4,356,561
+      NOTE: Invitron went public on October seven.
+  
+
diff --git a/reuters/test/20822 b/reuters/test/20822
new file mode 100644
index 0000000000000000000000000000000000000000..d499b7e6c2e6261e008e60b9eba7c4f323687d86
--- /dev/null
+++ b/reuters/test/20822
@@ -0,0 +1,19 @@
+SQUIBB CORP <SQB> 3RD QTR NET
+  Shr 1.04 dlrs vs 78 cts
+      Net 109.2 mln vs 83.9 mln
+      Revs 561.3 mln vs 460.5 mln
+      Nine mths
+      Shr 2.61 dlrs vs 1.91 dlrs
+      Net 273.8 mln vs 206.6 mln
+      Revs 1.56 billion vs 1.27 billion
+      NOTE: Per shr amounts reflect the 2-for-1 split to
+  shareholders of record on June 1, 1987.
+     
+      For qtr and nine mths 1987, exchange rate fluctuations had
+  a favorable sales impact of 25.9 mln dlrs and 70.3 mln dlrs,
+  respectively.
+      Net in nine mths 1986 includes income from discontinuing
+  operations of 10.1 mln or nine cts per shr, and income of 3.9
+  mln dlrs or four cts per shr in qtr 1986.
+  
+
diff --git a/reuters/test/20824 b/reuters/test/20824
new file mode 100644
index 0000000000000000000000000000000000000000..94a5e64bde8b592dc981651deca8c6812e8ec9a3
--- /dev/null
+++ b/reuters/test/20824
@@ -0,0 +1,23 @@
+EDELMAN GROUP COMMITTED TO TELEX <TC> BID
+  TLX Partners, a group led by Asher
+  Edelman, does not see any problems with its 65 dlr per share
+  bid for Telex Corp, a Shearson Lehman official advising the
+  group said.
+      Several other takeover proposals have crumbled following
+  declines in financial markets, leading to speculation that
+  Edelman might also drop his offer. Telex fell 11 to 34-1/4.
+      Earlier today, Carl Icahn dropped his bid to take Trans
+  World Airlines Inc <TWA> private and Dart Group Corp <DARTA.O>
+  said it abandoned plans to acquire Dayton Hudson Corp <DH>.
+      Both cited market conditions.
+      "Nothing fundamental has changed with the company. The
+  stock price has changed, but the company hasn't changed so
+  there's no reason for us to change," said Daniel Good, head of
+  Shearson Lehman merchant banking.
+      "Things are proceeding as planned, and we fully expect that
+  at the time we have to pay for the shares the financing will be
+  in place," Good said.
+      Shearson has agreed to provide bridge financing of up to 
+  600 mln dlrs for the Edelman group.
+  
+
diff --git a/reuters/test/20825 b/reuters/test/20825
new file mode 100644
index 0000000000000000000000000000000000000000..900f674fa2c3efb89b1663a0c7e25994294c5b92
--- /dev/null
+++ b/reuters/test/20825
@@ -0,0 +1,10 @@
+CP NATIONAL CORP <CPN> 3RD QTR NET
+  Shr 46 cts vs 55 cts
+      Net 3,532,000 vs 4,217,000
+      Revs 54 mln vs 52.4 mln
+      Nine mths
+      Shr 1.97 dlrs vs 1.98 dlrs
+      Net 15.0 mln vs 14.8 mln
+      Revs 176.2 mln vs 176.9 mln
+  
+
diff --git a/reuters/test/20826 b/reuters/test/20826
new file mode 100644
index 0000000000000000000000000000000000000000..99020926d4ff332ae0b21394b819dc561fd8bc21
--- /dev/null
+++ b/reuters/test/20826
@@ -0,0 +1,13 @@
+GREAT AMERICAN FIRST SAVINGS <GTA> 3RD QTR NET
+  Shr primary 92 cts vs 1.09 dlrs
+      Shr diluted 82 cts vs 97 cts
+      Net 21.8 mln vs 26.1 mln
+      Nine mths
+      Shr primary 3.07 dlrs vs 2.96 dlrs
+      Shr diluted 2.72 dlrs vs 2.44 dlrs
+      Net 73.2 mln vs 65.3 mln
+      Assets 14.29 billion vs 12.35 billion
+      Deposits 9.52 billion vs 8.69 billion
+      Loans 8.79 billion vs 8.69 billion
+  
+
diff --git a/reuters/test/20828 b/reuters/test/20828
new file mode 100644
index 0000000000000000000000000000000000000000..9a757f81ea1b103b2c4703f4dfc680caf199d525
--- /dev/null
+++ b/reuters/test/20828
@@ -0,0 +1,23 @@
+SENATE BACKS U.S. RETALIATION IN GULF
+  The U.S. Senate on Tuesday backed
+  President Reagan's retaliatory strike against Iranian targets
+  in the Gulf as it moved to take a greater role in making policy
+  in the volatile region.
+      Senators voted 92-1 for a non-binding measure that endorsed
+  Monday's U.S. attack on two Iranian oil platforms in
+  retaliation for an Iranian attack last Friday on a Kuwaiti ship
+  flying the American flag.
+      The measure said the attack was a firm indication of U.S.
+  resolve that Iran "cannot take military action against the
+  United States with impunity."
+      Earlier, the Senate cut off Republican stalling tactics and
+  set a vote on a measure that could give Congress a larger role
+  in making Gulf policy. The measure, however, does not require
+  Reagan to comply with the 1973 War Powers Act, which could lead
+  to a pullout of U.S. forces from the Gulf.
+      While Democrats and Republicans praised the U.S.
+  retaliatory strike, many voiced new fears about the growing
+  U.S. involvement in the Gulf and some demanded that Reagan
+  comply with the War Powers Act.
+  
+
diff --git a/reuters/test/20829 b/reuters/test/20829
new file mode 100644
index 0000000000000000000000000000000000000000..35e5ff35813470a18abbce5df59932cd1db49d77
--- /dev/null
+++ b/reuters/test/20829
@@ -0,0 +1,26 @@
+CANADA SEEKS FIVE YEAR FARM REFORM PLAN
+  Canada will propose at the new round of
+  international trade talks that most trade-distorting farm
+  subsidies be phased out over a five year period, Trade Minister
+  Pat Carney said.
+      "Agricultural subsidies and trade barriers have created a
+  vicious circle which continues to cause problems of
+  overproduction and low commodity prices," Carney told the House
+  of Commons.
+      Carney was outlining the government's new position on the
+  farm trade problem that was tabled on Tuesday in Geneva in the
+  multilateral talks under the GATT (General Agreement on Tariffs
+  and Trade).
+      While few details were released, Carney said the government
+  would also be pressing for an improvement in market access and
+  new measures to ensure countries do not erect artificial
+  barriers.
+      "Under the Canadian proposal, all countries would have to
+  ensure that domestic policies and programs to address the
+  specific needs of their farm sectors do not distort trade," a
+  government background paper said.
+      "Furthermore, in assessing the trade impact of programs,
+  credit could be given to countries which effectively control
+  the output of farm products," the papers said.
+  
+
diff --git a/reuters/test/20833 b/reuters/test/20833
new file mode 100644
index 0000000000000000000000000000000000000000..a41e7d9fc62258c4834cc7b578d96e803c796c79
--- /dev/null
+++ b/reuters/test/20833
@@ -0,0 +1,13 @@
+SMITHKLINE BECKMAN CORP <SKB> 3RD QTR NET
+  Shr 1.18 dlrs vs 87 cts
+      Net 149.6 mln vs 134.0 mln
+      Revs 1.10 billion vs 956.4 mln
+      Nine mths
+      Shr 3.36 dlrs vs 2.42 dlrs
+      Net 428.1 mln vs 373.7 mln
+      Revs 3.13 billion vs 2.70 billion
+      Avg shrs 127.3 mln vs 154.5 mln
+      NOTE: 1986 results include 25 mln dlr reduction of
+  operating income for the relaunch of Contac.
+  
+
diff --git a/reuters/test/20834 b/reuters/test/20834
new file mode 100644
index 0000000000000000000000000000000000000000..bc25cb3321d52d30ef3a3a5a02884e34ffeb999a
--- /dev/null
+++ b/reuters/test/20834
@@ -0,0 +1,14 @@
+FIRST COMMERCIAL <FCOB.O> TO ACQUIRE CITIZENS BANK
+  First Commercial Bancorp said it will
+  acquire the three-branch Citizens Bank of Roseville in a stock
+  swap.
+      The value of the agreement will be based on Citizens'
+  adjusted book value at year end and the trading price of First
+  Commercial's stock.
+      Citizens' book value was about 1.9 mln dlrs at the end of
+  the third quarter, according to the bank's counsel, Guy Gibson.
+  Under the agreement, Citizens shareholders could also trade
+  their stock for a five-year debenture issued by First
+  Commercial. Terms of the debenture have not been established.
+  
+
diff --git a/reuters/test/20835 b/reuters/test/20835
new file mode 100644
index 0000000000000000000000000000000000000000..20643331d5e02f268a155868c1f8f968ba2a2210
--- /dev/null
+++ b/reuters/test/20835
@@ -0,0 +1,10 @@
+UNITED ARTISTS <UACI.O> SUSPENDS MERGER TALKS
+  United Artists Communications Inc and
+  <United Cable Television Corp> said they have indefinitely
+  suspended negotiations on a proposed merger of their companies
+  previously announced.
+      The companies cited a combination of extraordinary market
+  conditions and unresolved terms of the merger as contributing
+  to the action.
+  
+
diff --git a/reuters/test/20836 b/reuters/test/20836
new file mode 100644
index 0000000000000000000000000000000000000000..e417dacebec957b23a4718f6d617399f168fac5c
--- /dev/null
+++ b/reuters/test/20836
@@ -0,0 +1,10 @@
+THE DEXTER CORP <DEX> 3RD QTR NET
+  Shr 41 cts vs 33 cts
+      Net 10.2 mln vs 8,309,000
+      Revs 193.3 mln vs 157.7 mln
+      Nine months
+      Shr 1.29 dlrs vs 1.02 dlrs
+      Net 32.1 mln vs 25.4 mln
+      Revs 582 mln vs 486.5 mln
+  
+
diff --git a/reuters/test/20837 b/reuters/test/20837
new file mode 100644
index 0000000000000000000000000000000000000000..fcfbc088e338864f042b326f26922d098096a218
--- /dev/null
+++ b/reuters/test/20837
@@ -0,0 +1,12 @@
+WASHINGTON MUTUAL SAVINGS BANK <WAMU.O> 3RD QTR NET
+  Shr 56 cts vs 68 cts
+      Net 8,327,000 vs 9,738,000
+      Nine mths
+      Shr 2.19 dlrs vs 1.67 dlr
+      Net 32.8 mln vs 24.8 mln
+      Avg shrs 15.0 mln vs 14.9 mln
+      Assets 5.58 billion vs 4.34 billion
+      Deposits 3.60 billion vs 3.27 billion
+      Loans 2.96 billion vs 2.90 billion
+  
+
diff --git a/reuters/test/20838 b/reuters/test/20838
new file mode 100644
index 0000000000000000000000000000000000000000..338ae5072c8c6140fa14087769573756ab2b9ad2
--- /dev/null
+++ b/reuters/test/20838
@@ -0,0 +1,13 @@
+TRINITY INDUSTRIES INC <TRN> 2ND QTR NET
+  Sept 30 end
+      Shr six cts vs 17 cts
+      Net 1,064,000 vs 2,676,000
+      Revs 144.6 mln vs 129.4 mln
+      Avg shrs 17,121,000 vs 16,065,000
+      Six months
+      Shr 13 cts vs 25 cts
+      Net 2,167,000 vs 4,029,000
+      Revs 248 mln vs 249.2 mln
+      Avg shrs 17,121,000 vs 16,065,000
+  
+
diff --git a/reuters/test/20840 b/reuters/test/20840
new file mode 100644
index 0000000000000000000000000000000000000000..f45dafc98ee729ddcb6a1d5506cf35bcfd95c85c
--- /dev/null
+++ b/reuters/test/20840
@@ -0,0 +1,11 @@
+SOUTHMARK <SM> TO PURCHASE <NATIONAL SELF>
+  National Self Storage said
+  has sold nine storage facilities to Southmark Corp for 37.1 mln
+  dlrs.
+      National Self, a developer of storage space for business
+  records, said the purchase includes nine storage facilties.
+  National Self also said it and Southmark plan a two-year 100
+  facility expansion program in South Florida and across the
+  country.
+  
+
diff --git a/reuters/test/20858 b/reuters/test/20858
new file mode 100644
index 0000000000000000000000000000000000000000..10c04903d628823212d5ad3b8a13c7b8ca0e31d9
--- /dev/null
+++ b/reuters/test/20858
@@ -0,0 +1,5 @@
+Miyazawa says G-7 still strongly supports Louvre Accord
+
+  Miyazawa says G-7 still strongly supports Louvre Accord
+  
+
diff --git a/reuters/test/20862 b/reuters/test/20862
new file mode 100644
index 0000000000000000000000000000000000000000..89d090b061c79b0703252a94f3f45fa94d7d2141
--- /dev/null
+++ b/reuters/test/20862
@@ -0,0 +1,5 @@
+Dollar opens sharply higher in Tokyo at 143.55 yen (Monday close 141.35)
+
+  Dollar opens sharply higher in Tokyo at 143.55 yen (Monday close 141.35)
+  
+
diff --git a/reuters/test/20865 b/reuters/test/20865
new file mode 100644
index 0000000000000000000000000000000000000000..53aa6e6adb35ab7cb0001e845161b224db4f8e9e
--- /dev/null
+++ b/reuters/test/20865
@@ -0,0 +1,51 @@
+US SAYS CANADIAN, ISRAELI PACTS SHOULD SPUR TRADE
+  Trade Representative Clayton Yeutter
+  said on Monday that the U.S. free trade agreements with Canada
+  and Israel should help to pave the way for liberalizing the
+  global trading system.
+      He said the Canadian and Israeli pacts will not set back
+  worldwide reform efforts under the General Agreement on Tariffs
+  and Trade (GATT) as some critics feared but help them.
+      The GATT talks began a year ago in Punta del Este, Uruguay
+  to liberalize the global trading system and to include in it
+  trade in agriculture and services such as banking.
+      Yeutter made his remarks at a U.S.-Israeli trade meeting
+  marking the second year of their bilateral accord. The
+  Canadian-U.S. pact, signed by two sides two weeks ago, has yet
+  been approved by the U.S. Congress and Canadian Parliament.
+      The two free trade agreements (FTA) would gradually remove
+  tariffs and other barriers to cross-border trade in goods and
+  many services.
+      Yeutter said in the aftermath of the Canadian and Israeli
+  pacts "other countries have realized that if they want to
+  continue to have access to the world's largest market, they had
+  better get serious about improving the GATT."
+      The pact with Israel, he said, is gradually increasing
+  shipments both ways and the Canadian pact will substantially
+  increase the gross national products in both countries.
+      Yeutter also said the Canadian and Israeli pacts should
+  serve as important precedents for progress in GATT.
+      Yeutter said, "increasing trade is one of the keys to
+  enhanced political and economic stability around the globe."
+      He said, "a stronger GATT will enhance prosperity, not only
+  for advanced industrial nations, but also for other countries
+  that need to increase trade in order to better their standards
+  of living."
+      Yeutter added it was important not to risk the progress
+  made in the Israeli and Canadian trade pacts by resorting to
+  protectionism.
+      He was referring to trade legislation pending in Congress
+  that would force the United States to take retaliatory actions
+  against nations with large trade surpluses with the United
+  States if the countries practiced unfair trade.
+      The legislation was prompted by a growing U.S. trade
+  deficit that hit 156 billion dlrs last year and is still
+  rising.
+      Yeutter said the pressures for Congress to act were hard to
+  resist, but the pending legislation would undermine President
+  Reagan's efforts to liberalize the world trade.
+      Yeutter renewed the threat of a White House veto.
+      He said, "President Reagan will veto any bill that contains
+  serious flaws, and I believe that veto would be sustained."
+  
+
diff --git a/reuters/test/20868 b/reuters/test/20868
new file mode 100644
index 0000000000000000000000000000000000000000..8d22d73a24efddac412061ecde752a29e1892a4b
--- /dev/null
+++ b/reuters/test/20868
@@ -0,0 +1,81 @@
+BAKER/STOLTENBERG MEETING SOOTHES MARKETS
+  News of a meeting between U.S. Treasury
+  Secretary James Baker and West German Finance Minister Gerhard
+  Stoltenberg on Monday soothed currency markets, allowing the
+  dollar to recoup much of the day's losses, dealers said.
+      News of the meeting, which took place in Frankfurt in great
+  secrecy, came after the dollar fell sharply on criticism by
+  Baker of West German monetary policy, which had provoked fears
+  that the Louvre pact on currency stability was in jeopardy.
+      The dollar reacted immediately to the news, rising over two
+  pfennigs in after hours New York trading, dealers there said.
+      The announcement of the meeting, also attended by
+  Bundesbank President Karl Otto Poehl, was made simultaneously
+  in Bonn and Washington, timed for after the closure of New York
+  markets.
+      Baker, Stoltenberg and Poehl agreed to pursue the policies
+  accepted under the February Louvre accord, a finance ministry
+  spokesman in Bonn said.
+      The dollar rose to 1.7970/90 marks from New York's close of
+  1.7730/40. It had closed there on Friday at 1.7975/85 marks.
+      The dollar had tumbled nearly three pfennigs as the market
+  reacted to Baker's criticism of rising West German interest
+  rates, and stock markets crashed worldwide. Baker had said that
+  West Germany was apparently breaching the Louvre accord.
+      Under the accord, leading industrial democracies pledged to
+  coordinate economic policies to foster currency stability, with
+  the surplus countries, West Germany and Japan, stimulating
+  their economies and the U.S. promising to cut its budget
+  deficit.
+      West German government sources said rising West German
+  money market rates could not be seen as a breach of the Louvre
+  pact. They were rather a direct reaction to higher interest
+  rates in the United States. U.S. Bond yields have been rising
+  since May on inflationary fears and in early September the Fed
+  raised the discount rate to 6.00 pct from 5.50.
+      German yields have also risen over this period, but less
+  markedly, and since late September the Bundesbank has nudged up
+  short-term rates by changing the terms on its security
+  repurchase pacts, its principal instrument for steering the
+  money market.
+      The allocation rate on the last facility was 3.85 pct,
+  compared with 3.60 pct. This was partly due to West Germany's
+  inability to uncouple itself from U.S. interest rate trends,
+  but also reflected concern among monetary conservatives in the
+  Bundesbank central bank council about excessive monetary
+  growth, which raised fears of domestically produced inflation,
+  bank economists said.
+      This monetary tightening reflected a switch from the
+  pragmatic line pursued by Bundesbank President Karl Otto Poehl
+  since early this year to stabilise the mark externally, to the
+  more cautious approach of Vice President Helmut Schlesinger.
+      In an apparent gesture to Baker, coinciding with his visit,
+  the Bundesbank repeatedly added money market liquidity this
+  morning. Dealers said this was clearly a move to appease U.S.
+  anger over the most recent West German interest rate rises.
+      "They (the Bundesbank) just don't want to come too much
+  under American fire," said Chris Zwermann, currency adviser at
+  Swiss Bank Corp here.
+      "It seems to me that this is the Bundesbank beating quite a
+  significant retreat from its position," added Giles Keating,
+  economist at Credit Suisse First Boston Ltd in London.
+      The significance that retreat will emerge from the terms of
+  the Bundesbank's next tender for a securities repurchase pact
+  on Tuesday, and its result on Wednesday, money market
+  economists said.
+      Today's injection of liquidity shows that the Bundesbank
+  does not want a further strong rise in the tender allocation
+  rate, which is likely to turn out at between 3.80 and 3.90 pct,
+  little changed from the 3.85 pct on the last facility.
+      The Bundesbank and Finance Ministry had given no indication
+  that the meeting would take place, although the Finance
+  Ministry spokesman said it had been arranged last week.
+      Earlier on Monday the Finance Ministry spokesman, asked to
+  comment on the apparent U.S.-German clash over the Louvre
+  accord, went no further than quoting Stoltenberg as saying he
+  assumed monetary cooperation would continue.
+      The spokesman said he believed Baker had already left West
+  Germany for Sweden on Monday. This week he is also due to visit
+  Denmark and Belgium.
+  
+
diff --git a/reuters/test/20869 b/reuters/test/20869
new file mode 100644
index 0000000000000000000000000000000000000000..df8d2ac93f42861947dc0d47186a053bbaba4ab8
--- /dev/null
+++ b/reuters/test/20869
@@ -0,0 +1,27 @@
+EX-ARCO <ARC> CHIEF SEES ENERGY CRISIS BY 1990
+  Dwindling global crude oil reserves and
+  the lack of any major new discoveries in recent years will send
+  the world into an energy crisis by 1990, the former Atlantic
+  Richfield Co chairman Robert O. Anderson said.
+      "It's going to come sooner than anyone thinks," Anderson
+  told reporters after addressing a Houston business lunch. "I
+  believe we're going to see a change in the world oil markets in
+  two to three years because oil is becoming harder to find."
+      Anderson, who retired from Arco last year to form Hondo Oil
+  and Gas Co, said world oil consumption is approaching 60 mln
+  barrels a day but a current excess capacity cushion of about
+  4.5 mln barrels a day will rapidly disappear.
+      "If you looked around the world, you could not scrape up
+  one mln barrels a day in shut-in production outside the Middle
+  East," he said. "We're soon going to be right back where we
+  were in 1973 and 1979."
+      Anderson predicted that world oil prices would end 1987 at
+  about 24 dlrs a barrel and continue a gradual climb.
+      "There's no way prices can stay flat because there isn't
+  enough supply," he said. "There have been no major oil
+  discoveries for the past 15 to 20 years."
+      Alaska's Prudhoe Bay oil reserves, the last major world
+  discovery, has already produced about five billion barrels of
+  oil or more than half of its estimated reserves, he said.
+  
+
diff --git a/reuters/test/20878 b/reuters/test/20878
new file mode 100644
index 0000000000000000000000000000000000000000..7bce4273ebd3ae01c65be8d9da41505cd9f2749d
--- /dev/null
+++ b/reuters/test/20878
@@ -0,0 +1,21 @@
+VENEZUELA BACKS INCREASE IN ECUADOR OPEC QUOTA
+  Venezuela will back Ecuador's bid to
+  raise its OPEC quota above 221,000 barrels per day (bpd)
+  because it is a justifiable demand, Venezuelan Energy Minister
+  Arturo Hernandez Grisanti said on Monday.
+      He told reporters the country deserved a higher quota in
+  compensation for the five months it was forced to suspend oil
+  production when its main pipeline was destroyed by an
+  earthquake last March.
+      "For this five-month period, Ecuador did not exercise its
+  right to produce 221,000 bpd," he said. "We should recognize
+  Ecuador's right to increase its quota ... There is a basis of
+  justice in that country's petition."
+      He added however, the quota increase should be gradual to
+  avoid harming the market, he added.
+      Hernandez Grisanti said he understood Ecuador would
+  formally submit the request for a higher quota at the next
+  ministerial conference of the Organization of Petroleum
+  Exporting Countries (OPEC) opening December 9 in Vienna.
+  
+
diff --git a/reuters/test/20879 b/reuters/test/20879
new file mode 100644
index 0000000000000000000000000000000000000000..b618d460a1e1807a40049cbf0d0879022c3713cf
--- /dev/null
+++ b/reuters/test/20879
@@ -0,0 +1,9 @@
+CAPITOL BANCORP <CAPB.O> 3RD QTR NET
+  Shr profit 1.07 dlrs vs loss 1.19 dlrs
+      Net profit 3,326,000 vs loss 3,446,000
+      Nine mths
+      Net profit 9,714,000 vs profit 3,665,000
+      NOTE: Latest and prior nine month per share amounts not
+  given.
+  
+
diff --git a/reuters/test/20881 b/reuters/test/20881
new file mode 100644
index 0000000000000000000000000000000000000000..d84b4cd7e0215dc680cd3aeed36a7e9a14a18dc8
--- /dev/null
+++ b/reuters/test/20881
@@ -0,0 +1,32 @@
+U.S., AT U.N., CLAIMS SELF-DEFENSE FOR GULF ATTACK
+  The United States invoked the right
+  of self-defense in destroying an Iranian oil platform in the
+  Gulf, the American delegation told the United Nations.
+      Lieutenant General Vernon Walters sent letters about the
+  incident to Security Council President Maurizio Bucci, the
+  delegate of Italy, and Secretary General Javier Perez de
+  Cuellar.
+      U.N. press secretary Francois Giuliani said the Secretary
+  General had no comment on the attack, which followed his appeal
+  last Friday for restraint in the crisis while he pursued
+  efforts to obtain a ceasefire between Iran and Iraq.
+      In his explanation, Walters said the United States took
+  defensive action in response to an Iranian attack against
+  American ships in the Gulf.
+      He cited an Iranian Silkworm missile strike last Friday in
+  Kuwait waters against the United States-flag ship Sea Isle
+  City.
+      Walters said that military forces on the destroyed Iranian
+  platform had engaged in a variety of actions against United
+  States-flag and other nonbelligerent vessels and planes.
+      "In accordance with Article 51 of the United Nations
+  (Charter), I wish, on behalf of my government, to report that
+  United States forces have exercised the inherent right of
+  self-defense under internation law by taking defensive action
+  in response to attacks by . . . Iran against United States
+  vessels in the Gulf," Walters said.
+      Members of the Security Council met behind closed doors on
+  Monday to discuss developments in the Gulf war, but no
+  statement was issued afterwards.
+  
+
diff --git a/reuters/test/20882 b/reuters/test/20882
new file mode 100644
index 0000000000000000000000000000000000000000..33f2e4198b115735136b576189d2eb371d0f6b35
--- /dev/null
+++ b/reuters/test/20882
@@ -0,0 +1,21 @@
+FRANCE SAYS U.S. HAD RIGHT TO STRIKE
+  France voiced its comprehension for a U.S.
+  Attack on an Iranian target while calling for a swift halt to
+  the Gulf War to avoid further escalation.
+      "The French authorities reaffirm their attachment to the
+  freedom and security of navigation and to the right of all
+  states to take action under international law and the United
+  Nations charter to halt attacks such as that of October 16," the
+  Foreign Ministry spokesman said in a statement.
+      The United States said its forces destroyed an Iranian oil
+  platform in the Gulf and struck at a second on Monday in
+  retaliation for a recent Iranian missile attack on a
+  U.S.-flagged Kuwaiti ship.
+      Washington said the platforms were used to monitor shipping
+  and to launch small-boat attacks on shipping. The French
+  statement described the target as "an Iranian military platform."
+      But the French statement added that "everything must be done
+  now to avoid that these military developments lead to a new
+  escalation of the conflict."
+  
+
diff --git a/reuters/test/20883 b/reuters/test/20883
new file mode 100644
index 0000000000000000000000000000000000000000..42366fe01f317668ac8fa9fca3fd44b8efa09e25
--- /dev/null
+++ b/reuters/test/20883
@@ -0,0 +1,7 @@
+<POTASH CO OF AMERICA INC> NINE MTHS LOSS
+  Shr loss 1.73 dlrs vs nil
+      Net loss 16.3 mln vs profit 2,206,000
+      Sales 69.1 mln vs 29.1 mln
+      Note: per share is after payment of preferred dividends.
+  
+
diff --git a/reuters/test/20885 b/reuters/test/20885
new file mode 100644
index 0000000000000000000000000000000000000000..8db66fb1f784ebfe85644aa853661744b278d305
--- /dev/null
+++ b/reuters/test/20885
@@ -0,0 +1,16 @@
+JEPSON CORP <JEPS.O> 3RD QTR NET
+  Shr 22 cts vs 20 cts
+      Net 4,033,000 vs 3,398,000
+      Sales 125.3 mln vs 99.1 mln
+      Avg shrs 18.4 mln vs 17.5 mln
+      Nine mths
+      Shr 89 cts vs 78 cts
+      Net 15.9 mln vs 13.6 mln
+      Sales 413.7 mln vs 345.0 mln
+      Avg shrs 17.8 mln vs 17.5 mln
+     
+      NOTE:1987 3rd qtr per share reflects issuance of two mln
+  shares in initial public offering. 1986 nine mth results
+  include extraordinary gain of 3,843,000 dlrs or 22 cts
+  
+
diff --git a/reuters/test/20887 b/reuters/test/20887
new file mode 100644
index 0000000000000000000000000000000000000000..a70ece10dc9f1937411d04393975e2b70aef49db
--- /dev/null
+++ b/reuters/test/20887
@@ -0,0 +1,12 @@
+FIFTH THIRD <FITB.O> TO MERGE WITH C AND H
+  Fifth Third Bancorp and <C and H
+  Bancorp> said they reached a preliminary agreement to merge.   
+   C and H Bancorp has assets of 257 mln dlrs and is the parent
+  company of Citizens Heritage Bank N.A.
+      The companies said the agreement calls for each of the
+  about one mln shares of C and H Bancorp to be exchanged for one
+  share of Fifth Third Bancorp. Based on its financial
+  expectations, Fifth Third said the dilution in per share
+  earnings for the merger will be negligible.
+  
+
diff --git a/reuters/test/20888 b/reuters/test/20888
new file mode 100644
index 0000000000000000000000000000000000000000..4166837c30ce116ebe451fe8069feba04bd4c164
--- /dev/null
+++ b/reuters/test/20888
@@ -0,0 +1,12 @@
+BANKING CENTER <TBCX.O> 3RD QTR NET
+  Shr 25 cts vs NA
+      Net 3,081,000 vs 2,063,000
+      Nine mths
+      Shr 86 cts vs NA
+      Net 10.5 mln vs 6,966,000
+      NOTE: Year-ago per share amounts not available as bank
+  converted to stock ownership August 13, 1986.
+      1987 amounts include operations of Burgdoff Realtors
+  acquired during December 1986 and other operations.
+  
+
diff --git a/reuters/test/20890 b/reuters/test/20890
new file mode 100644
index 0000000000000000000000000000000000000000..e63a1b1450d192064863a6a963d6c6ff4013d4fc
--- /dev/null
+++ b/reuters/test/20890
@@ -0,0 +1,23 @@
+U.S. LAWMAKERS SUPPORT GULF ACTION
+  American lawmakers rallied behind
+  President Reagan for the U.S. strike against Iranian targets in
+  the Gulf but the attack fueled a sharp new White House-Congress
+  debate over limits on his powers to make war.
+      The Pentagon announced on Monday that U.S. warships
+  destroyed a non-producing oil platform used for monitoring Gulf
+  ship traffic and military operations, and also raided a second
+  Iranian oil rig in retaliation for an earlier Iranian attack on
+  a Kuwaiti ship flying the American flag.
+      Many Democrats, who control Congress, and Republicans
+  expressed support for the attack and praised it as an
+  appropriate "measured response."
+      But Democrats and liberal Republicans voiced new fears that
+  the growing confrontation between Tehran and the United States
+  could erupt into a major war, and demanded that Reagan comply
+  with the 1973 War Powers Act, which could lead to a pullout of
+  American forces from the waterway.
+      "Those who contend the strike was necessary must realize
+  their words are easily construed as a tacit endorsement of war
+  with Iran," said Sen Mark Hatfield of Oregon, a Republican.
+  
+
diff --git a/reuters/test/20893 b/reuters/test/20893
new file mode 100644
index 0000000000000000000000000000000000000000..5a246e929f5d928a86f69dc56c641990f848b4f3
--- /dev/null
+++ b/reuters/test/20893
@@ -0,0 +1,17 @@
+LAWSON WELCOMES REAFFIRMATION OF LOUVRE ACCORD
+  U.K. Chancellor of the Exchequer Nigel
+  Lawson welcomed on Monday the reaffirmation by the U.S. And
+  West Germany of the Louvre accord aimed at stabilising
+  currencies.
+      His office said Lawson had welcomed the outcome of a
+  meeting between U.S. Treasury Secretary James Baker, Bundesbank
+  President Karl Otto Poehl, and West German Finance Minister
+  Gerhard Stoltenberg in Frankfurt.
+      After the meeting, a Bonn finance ministry spokesman quoted
+  Stoltenberg as saying he was confident that foreign currencies
+  could be stabilised at around current levels.
+      The meeting came after Baker criticised West Germany for
+  increasing key interest rates, saying they were not in line
+  with last February's Louvre accord.
+  
+
diff --git a/reuters/test/20894 b/reuters/test/20894
new file mode 100644
index 0000000000000000000000000000000000000000..9468cf0a185dbc5845e017fc753207e8e530536c
--- /dev/null
+++ b/reuters/test/20894
@@ -0,0 +1,14 @@
+SUN STATE SAVINGS <SSSL.O> 3RD QTR NET
+  Shr 28 cts vs 46 cts
+      Net 1,634,000 vs 2,007,000
+      Avg shrs 5,850,000 vs 4,400,000
+      Nine Mths
+      Shr 82 cts vs 1.77 dlrs
+      Net 4,788,000 vs 7,792,000
+      Avg shrs 5,850,000 vs 4,400,000
+      Loans 586.9 mln vs 481.5 mln
+      Deposits 697.4 mln vs 606.2 mln
+      Assets 797.2 mln vs 683.4 mln
+      Note: Full name Sun State Savings and Loan Association.
+  
+
diff --git a/reuters/test/20896 b/reuters/test/20896
new file mode 100644
index 0000000000000000000000000000000000000000..984be8c85feb8b1256aa9a5d0bd58dc3049df5a2
--- /dev/null
+++ b/reuters/test/20896
@@ -0,0 +1,13 @@
+CALIFORNIA WATER SERVICE CO <CWTR.O> 3RD QTR
+  Shr 2.10 dlrs vs 1.83 dlrs
+      Net 5,919,000 vs 5,168,000
+      Revs 35.0 mln vs 34.3 mln
+      Nine Mths
+      Shr 5.09 dlrs vs 3.55 dlrs
+      Net 14,391,000 vs 10,099,000
+      Revs 88 mln vs 83.7 mln
+      Note: Curent nine mth figures include 2.2 mln dlr, or 79
+  cts per share, gain resulting from change in accounting method
+  for unbilled revenues.
+  
+
diff --git a/reuters/test/20898 b/reuters/test/20898
new file mode 100644
index 0000000000000000000000000000000000000000..720be96ba4162ba65e2a556402a6c1e5c9cc2abe
--- /dev/null
+++ b/reuters/test/20898
@@ -0,0 +1,12 @@
+GREAT ATLANTIC <GAP> WITHDRAWS DECHAMPS BID
+  The Great Atlantic and Pacific Tea
+  Co Inc said it withdrew its offer to acquire Delchamps Inc
+  <DLCH.O> for 27 dlrs a share or about 175 mln dlrs, which was
+  made earlier this month.
+      Michael Rourke, A and P vice president, said the company
+  withdrew the offer because Delchamps did not respond favorably
+  to it and because of market conditions.
+      He would not comment on whether A and P would make another
+  offer to acquire Delchamps.
+  
+
diff --git a/reuters/test/20900 b/reuters/test/20900
new file mode 100644
index 0000000000000000000000000000000000000000..1498d97288b4e36652c149ee9357c57eacff64dc
--- /dev/null
+++ b/reuters/test/20900
@@ -0,0 +1,13 @@
+AMERICAN FRUCTOSE CORP <AFC> 3RD QTR NET
+  Shr 38 cts vs 52 cts
+      Net 3,980,000 vs 5,524,000
+      Revs 37.4 mln vs 44.8 mln
+      Nine mths
+      Shr 76 cts vs 99 cts
+      Net 7,983,000 vs 10.5 mln
+      Revs 100.4 mln vs 123.6 mln
+      NOTE: 1987 qtr and nine mths includes loss 9,000 dlrs and
+  432,000 dlrs, or four cts per share, from repurchase and
+  retirment of debt.
+  
+
diff --git a/reuters/test/20901 b/reuters/test/20901
new file mode 100644
index 0000000000000000000000000000000000000000..f005feb7da6f8d28d2c5270c58dcdd24d8b90342
--- /dev/null
+++ b/reuters/test/20901
@@ -0,0 +1,5 @@
+GREAT ATLANTIC AND PACIFIC TEA CO SAID IT WITHDREW ITS OFFER TO BUY DELCHAMPS INC
+
+  GREAT ATLANTIC AND PACIFIC TEA CO SAID IT WITHDREW ITS OFFER TO BUY DELCHAMPS INC
+  
+
diff --git a/reuters/test/20902 b/reuters/test/20902
new file mode 100644
index 0000000000000000000000000000000000000000..d1b261e2be9d9f6eccabbd4b988b13d17089d965
--- /dev/null
+++ b/reuters/test/20902
@@ -0,0 +1,23 @@
+ITALY WORRIED AT RISING TENSION AFTER GULF ATTACK
+  Italian Prime Minister Giovanni Goria told
+  the cabinet on Monday he was worried about the increased
+  tension in the Gulf, but said America's retaliation against
+  Iran had been limited.
+      A statement issued after a cabinet meeting said Goria had
+  been informed by the United States that it would take action
+  against an Iranian target in the Gulf, but had not known
+  beforehand that the action would involve an attack on an oil
+  platform.
+      "The prime minister expressed his concern over the possible
+  consequences of increased tension in the Gulf, at the same time
+  recognizing the limited character of the American military
+  reaction to the attacks it has suffered in the past few days,"
+  the statement said.
+      Goria said Italy's own ships were far from the platform at
+  the time of the attack and the fleet had been advised to follow
+  events with caution.
+      Italy has sent eight ships, including three frigates and
+  three minesweepers, to the Gulf to protect Italian merchant
+  shipping there.
+  
+
diff --git a/reuters/test/20904 b/reuters/test/20904
new file mode 100644
index 0000000000000000000000000000000000000000..4cb9de7f8d87112bd42368e2c1319f85bf336a41
--- /dev/null
+++ b/reuters/test/20904
@@ -0,0 +1,12 @@
+A.H. BELO CORP <BLC> 3RD QTR NET
+  Shr 59 cts vs 27 cts
+      Net 6,398,000 vs 2,979,000
+      Revs 91.0 mln vs 94.1 mln
+      Avg shrs 10.8 mln vs 11.2 mln
+      Nine mths
+      Shr 1.58 dlrs vs 1.06 dlrs
+      Net 17.2 mln vs 12.2 mln
+      Revs 279.7 mln vs 289.1 mln
+      Avg shrs 10.9 mln vs 11.4 mln
+  
+
diff --git a/reuters/test/20905 b/reuters/test/20905
new file mode 100644
index 0000000000000000000000000000000000000000..c37a1e8467ff288fe938450b3773f5834cd107aa
--- /dev/null
+++ b/reuters/test/20905
@@ -0,0 +1,14 @@
+MEDIA GENERAL <MEGA> FAMILY WONT SELL SHARES
+  Media General Inc's chairman, D.
+  Tennant Bryant, said his family would not sell its controlling
+  share block, so it would be impossible for an investor group
+  led by <Giant Group Ltd> to gain control of the company.
+      The investor group, which includes Barris Industries
+  <BRRS.O>, recently reported that it acquired a 9.8 pct stake of
+  Media General's class A shares and might seek control.
+      Bryant said the company's class A stock elects only 30 pct
+  of the board, with the remaining 70 pct being elected by class
+  B shares, two-thirds of which are controlled by the Bryant
+  family trust, which has no intention of selling its shares.
+  
+
diff --git a/reuters/test/20907 b/reuters/test/20907
new file mode 100644
index 0000000000000000000000000000000000000000..7a987435461a7307d4a879544dbe4f976a8915ba
--- /dev/null
+++ b/reuters/test/20907
@@ -0,0 +1,24 @@
+BONN CONFIDENT OF MAINTAINING CURRENCY STABILITY
+  U.S. Treasury Secretary James Baker met West
+  German Finance Minister Gerhard Stoltenberg and Bundesbank
+  President Karl Otto Poehl in Frankfurt on Monday, a Bonn
+  Finance Ministry spokesman said.
+      After the meeting the spokesman quoted Stoltenberg as
+  saying he was confident that foreign currencies could be
+  stabilised at around current levels.
+      The meeting came after Baker criticised West Germany for
+  increasing short-term money market interest rates. He had said
+  the rise was not in line with the spirit of the Louvre accord
+  aimed at stabilizing the U.S. dollar last February.
+      The meeting had been arranged last week, the spokesman
+  said. Baker, Stoltenberg and Poehl had agreed to pursue the
+  policies agreed under the Louvre pact with reference to
+  currency stability and monetary policy.
+      Earlier on Monday the Bundesbnak injected liquidity into
+  the West German money market in a move which money market
+  dealers interpreted as an attempt by the West German monetary
+  authority to curb interest rate rises.
+      The spokesman described Monday's talks, which he called
+  private, as very positive.
+  
+
diff --git a/reuters/test/20909 b/reuters/test/20909
new file mode 100644
index 0000000000000000000000000000000000000000..e300f99adb3437f8c73de19a75b3890ebe5156b7
--- /dev/null
+++ b/reuters/test/20909
@@ -0,0 +1,14 @@
+IRAN FOREIGN MINISTER TELLS CUBA OF GULF SITUATION
+  Iranian foreign minister ali akbar
+  velayati, here on a two-day official visit, informed cuban
+  foreign ministry officials on monday on the tense situation in
+  the gulf, diplomatic sources said.
+      They said the envoy's trip, to be followed from tuesday by
+  a visit to nicaragua, could be linked to a possible mediation
+  of the non-aligned movement in the seven-year-old iran-iraq war
+  but they ruled out any prominent cuban role in it.
+      Velayati could not be reached for comment on the U.S.
+  Attack on an abandoned iranian oil rig on monday which tehran
+  vowed to avenge.
+  
+
diff --git a/reuters/test/20910 b/reuters/test/20910
new file mode 100644
index 0000000000000000000000000000000000000000..383905ab68f1a7665c79c30e032a9fa592c466e6
--- /dev/null
+++ b/reuters/test/20910
@@ -0,0 +1,21 @@
+CLEVELAND-CLIFFS INC <CLF> 3RD QTR NET
+  Shr loss nine cts vs loss 1.03 dlrs
+      Net profit 100,000 vs loss 11.6 mln
+      Revs 125.2 mln vs 71.8 mln
+      Nine mths
+      Shr loss 2.46 dlrs vs loss 98 cts
+      Net loss 26.9 mln vs loss 8.5 mln
+      Revs 355.4 mln vs 215.6 mln
+      NOTE: 1987 qtr includes loss 5.9 mln dlrs non-recurring
+  after-tax charges due almost entirely to the company's recent
+  buyout of its Tilden Mine debt obligations.
+    
+      1987 nine mths includes loss 23.7 mln dlrs pre-tax charge
+  to reduce the carrying value of the company's 17 land drilling
+  rigs.
+      1987 nine mths includes pre-tax gain 1.2 mln dlrs on sale
+  of uranium reserves.
+      1986 nine mths includes pre-tax gain 20.6 mln dlrs on sale
+  of iron ore interest in western Australia.
+  
+
diff --git a/reuters/test/20911 b/reuters/test/20911
new file mode 100644
index 0000000000000000000000000000000000000000..971bd979d8d187332882c80ec19b9790f84d5a77
--- /dev/null
+++ b/reuters/test/20911
@@ -0,0 +1,31 @@
+US TROPICAL OIL LABELING PLAN SUFFERS DEFEAT
+  A proposal to require imported
+  tropical oils to be labeled as saturated fats suffered a narrow
+  and possibly debilitating defeat in the U.S. Senate.
+      The Senate Agriculture Committee rejected the proposal by a
+  10-8 vote, virtually snuffing out U.S. soybean producers' hopes
+  the plan would be adopted this year.
+      A similar proposal has made no headway in the House.
+      Sen. Tom Harkin (D-Iowa) offered the proposal as an
+  amendment to a farm spending reduction package.
+      "I don't see this as a trade issue. I see it as giving
+  American consumers the information they need," he said.
+      Proponents of the measure, including the American Soybean
+  Association, have claimed palm, palm kernel and coconut oils
+  are high in saturated fat and can contribute to heart disease.
+      The U.S. soybean industry believes labels indicating
+  tropical oils are high in saturated fats would discourage
+  consumption of the oils, imported primarily from Malaysia,
+  Indonesia and the Philippines.
+      But Sen. Richard Lugar (R-Ind.) read a letter from U.S.
+  Trade Representative Clayton Yeutter, who said the proposal
+  "blatantly discriminates" against imports, would be impossible to
+  defend under international trade law and would harm relations
+  with the Philippines, Malaysia and Indonesia.
+      Yeutter's letter also said Americans derive most of their
+  saturated fats from meat and dairy products and relatively
+  little from tropical oils.
+      The committee voted largely along party lines, with three
+  Democrats joining seven Republicans to oppose the measure.
+  
+
diff --git a/reuters/test/20913 b/reuters/test/20913
new file mode 100644
index 0000000000000000000000000000000000000000..7ab051a019e258ca52583d5c6061161af297544c
--- /dev/null
+++ b/reuters/test/20913
@@ -0,0 +1,13 @@
+CADE INDUSTRIES INC <CADE.O> 3RD QTR NET
+  Shr three cts vs two cts
+      Net 456,000 vs 272,000
+      Sales 15 mln vs 14.4 mln
+      Nine mths
+      Shr six cts vs 23 cts
+      Net 992,000 vs 3,812,000
+      Sales 41.1 mln vs 45.4 mln
+      Order backlog 46 mln vs 24.3 mln
+      Note: 1986 figures include a gain of 2.9 mln dlr or 17 cts
+  a share from life insurance proceeds.
+  
+
diff --git a/reuters/test/20915 b/reuters/test/20915
new file mode 100644
index 0000000000000000000000000000000000000000..818fd6c5642391fe2f598117cab6e3732cbce62c
--- /dev/null
+++ b/reuters/test/20915
@@ -0,0 +1,12 @@
+ABITIBI-PRICE INC <AIB.TO> 3RD QTR OPER NET
+  Oper shr 45 cts vs 42 cts
+      Oper net 33.0 mln vs 31.1 mln
+      Revs 749.8 mln vs 716.5 mln
+      Nine mths
+      Oper shr 1.23 dlrs vs 1.11 dlrs
+      Oper net 91.1 mln vs 81.3 mln
+      Revs 2.2 billion vs 2.1 billion
+      NOTE: Prior nine mths and qtr excludes loss of 2.3 mln dlrs
+  due to discontinued operations.
+  
+
diff --git a/reuters/test/20917 b/reuters/test/20917
new file mode 100644
index 0000000000000000000000000000000000000000..794e30ceba8751fb3690881afba467bae7c32ca7
--- /dev/null
+++ b/reuters/test/20917
@@ -0,0 +1,13 @@
+PARTNERSHIP INCREASES GULL <GLL> HOLDINGS
+  Gary Associates LP, which said
+  previously it may seek control of Gull Inc, said it increased
+  its stake in Gull common stock to 388,900 shares, or 7.7 pct of
+  the total outstanding, from a previous figure of approximately
+  318,000 shares, or 6.2 pct.
+      In a filing with the Securities and Exchange Commission,
+  Gary Associates said it made net purchases of 70,900 Gull
+  common shares at 15 dlrs to 18.62 dlrs a share.
+      Gary Associates made no mention of a possible takeover
+  attempt in its report to the SEC.
+  
+
diff --git a/reuters/test/20918 b/reuters/test/20918
new file mode 100644
index 0000000000000000000000000000000000000000..a229c431cc01e85d5e87b3ca9e9faaa8b76962c2
--- /dev/null
+++ b/reuters/test/20918
@@ -0,0 +1,13 @@
+SIGNET BANKING CORP <SBK> 3RD QTR NET
+  Shr 92 cts vs 91 cts
+      Net 24.1 mln vs 22.7 mln
+      Avg shrs 25.4 mln vs 24.8 mln
+      Nine mths
+      Shr 20 cts vs 2.58 dlrs
+      Net 6,028,000 vs 62.7 mln
+      Avg shrs 25.4 mln vs 24.3 mln
+      Assets 10.3 billion vs 9.21 billion
+      Deposits 7.10 billion vs 6.32 billion
+      Loans 6.52 billion vs 5.60 billion
+  
+
diff --git a/reuters/test/20919 b/reuters/test/20919
new file mode 100644
index 0000000000000000000000000000000000000000..4befd1d9fc3dcae8a6934292eb531099c7c9ddb0
--- /dev/null
+++ b/reuters/test/20919
@@ -0,0 +1,10 @@
+UNOCAL <UCL> RAISES CRUDE OIL POSTED PRICES
+  Unocal Corp said it raised its posted
+  prices for most U.S. grades of crude oil by 50 cts a barrel,
+  effective October 16.
+      The move brings the price the company will pay for the U.S.
+  benchmark grade, West Texas Intermediate, and West Texas Sour
+  to 19 dlrs a barrel.
+      The price was last changed September 9, Unocal said.
+  
+
diff --git a/reuters/test/20920 b/reuters/test/20920
new file mode 100644
index 0000000000000000000000000000000000000000..5662579a731cf0c4b495f6cbbedb37fdb0cda256
--- /dev/null
+++ b/reuters/test/20920
@@ -0,0 +1,11 @@
+AMERICAN MANAGEMENT SYSTEMS <AMSY.O> 3RD QTR NET
+  Shr 18 cts vs 14 cts
+      Net 1,852,000 vs 1,488,000
+      Revs 44.7 mln vs 35.9 mln
+      Nine mths
+      Shr 41 cts vs 34 cts
+      Net 4,233,000 vs 3,512,000
+      Revs 123.8 mln vs 98.4 mln
+      NOTE: Full Name is American Management Systems Inc.
+  
+
diff --git a/reuters/test/20921 b/reuters/test/20921
new file mode 100644
index 0000000000000000000000000000000000000000..40ebdd813ad53eaba1894452d365e0f6cc195883
--- /dev/null
+++ b/reuters/test/20921
@@ -0,0 +1,5 @@
+MEDIA GENERAL SAYS GIANT GROUP, AFFILIATES HAVE 9.8 PCT OF CLASS A COMMON STOCK
+
+  MEDIA GENERAL SAYS GIANT GROUP, AFFILIATES HAVE 9.8 PCT OF CLASS A COMMON STOCK
+  
+
diff --git a/reuters/test/20922 b/reuters/test/20922
new file mode 100644
index 0000000000000000000000000000000000000000..1a7c400d140937724efe46cd171e22fef817528d
--- /dev/null
+++ b/reuters/test/20922
@@ -0,0 +1,19 @@
+DELORS CALLS FOR G-7 MEETING
+  European Community Commission
+  President Jacques Delors called for a swift convening of a
+  meeting of the G-7 countries following the instability in
+  today's trading on world money and stock markets.
+      He told a press conference here: "G-7 should meet discreetly
+  and quickly."
+      Delors said if the dollar were to fall further against the
+  mark to levels around 1.60, the European Monetary System would
+  undergo a "test by fire."
+      Delors said the current problems in the markets had been
+  caused by excessive growth in financial trading, excessive
+  deregulation and the failure of the fundamentals of the world
+  economy to adapt themselves quickly enough to changing
+  circumstances.
+      He said it was "profoundly unjust" to blame it on recent
+  increases in West Germany.
+  
+
diff --git a/reuters/test/20925 b/reuters/test/20925
new file mode 100644
index 0000000000000000000000000000000000000000..46c818d46a1d65602b1797ec645369448c963e22
--- /dev/null
+++ b/reuters/test/20925
@@ -0,0 +1,23 @@
+U.S. TREASURY'S BAKER MEETS WEST GERMAN MINISTER
+  U.S. Treasury Secretary James Baker
+  met West German Finance Minister Gerhard Stoltenberg and
+  Bundesbank President Karl Otto Poehl today in West Germany and
+  agreed to support the Louvre pact, the Treasury Department
+  said.
+      The Treasury described the meeting as "a very positive,
+  private meeting in Frankfurt, West Germany which had been
+  agreed upon last week. "The parties agreed to continue economic
+  cooperation under the Louvre agreement and its flexible
+  application including cooperation on exchange rate stability
+  and monetary policies," the Treasury said.
+      The Treasury said Baker and Stoltenberg "are consulting with
+  their G-7 colleagues and are confident that this will enable
+  them to foster exchange rate stability around current levels."
+      The Louvre pact is an agreement between the Group of Seven
+  leading industrial countries including the United States and
+  West Germany to promote currency stability.
+      Baker was scheduled to visit Scandinavia and Belgium this
+  week and the department earlier refused to release details of
+  his travel itinerary, citing security considerations.
+  
+
diff --git a/reuters/test/20926 b/reuters/test/20926
new file mode 100644
index 0000000000000000000000000000000000000000..51c38379bd307d21ed89dbcedc65f5bcfb202f82
--- /dev/null
+++ b/reuters/test/20926
@@ -0,0 +1,7 @@
+SCICOM DATA <SCIE.O> 1ST QTR SEPT 30 NET
+  Shr 23 cts vs 18 cts
+      Net 249,920 vs 194,369
+      Revs 3,752,641 vs 3,355,563
+      NOTE: Full name is Scicom Data Services Ltd.
+  
+
diff --git a/reuters/test/20927 b/reuters/test/20927
new file mode 100644
index 0000000000000000000000000000000000000000..4bcf68ad006203df41de754bd5a125299011c8af
--- /dev/null
+++ b/reuters/test/20927
@@ -0,0 +1,10 @@
+<ACC CORP> 3RD QTR NET
+  Shr profit three cts vs profit nine cts
+      Net profit 102,136 vs profit 307,516
+      Revs 8,549,182 vs 8,469,476
+      Nine mths
+      Shr loss 13 cts vs profit 28 cts
+      Net loss 458,823 vs profit 1,014,969
+      Revs 25.5 mln vs 24.6 mln
+  
+
diff --git a/reuters/test/20930 b/reuters/test/20930
new file mode 100644
index 0000000000000000000000000000000000000000..0903957ed530da6e67b88e8659738978404a2ef1
--- /dev/null
+++ b/reuters/test/20930
@@ -0,0 +1,10 @@
+WESTPORT BANCORP <WEBAT.O> 3RD QTR NET
+  Shr 19 cts vs 38 cts
+      Net 397,000 vs 788,000
+      Nine mths
+      Shr 80 cts vs 1.19 dlrs
+      Net 1,674,000 vs 2,455,000
+      NOTE: Company would not provide assets, deposits, and loans
+  figures.
+  
+
diff --git a/reuters/test/20931 b/reuters/test/20931
new file mode 100644
index 0000000000000000000000000000000000000000..5fb60122a19355ba080d476603408057dbe18f11
--- /dev/null
+++ b/reuters/test/20931
@@ -0,0 +1,13 @@
+GATEWAY FEDERAL SAVINGS <GATW.O> 3RD QTR NET
+  Shr 99 cts vs not given
+      Net 1,943,000 vs not given
+      Nine mths
+      Shr 2.35 dlrs vs not given
+      Net 4,602,000 vs not given
+      NOTE: Full name is Gateway Federal Savings and Loan
+  Association. Latest qtr includes a tax credit of 909,000 dlrs
+  or 46 cents a share. Latest nine mths includes a tax credit of
+  2,330,000 dlrs or 1.19 dlrs. 1986 figures not given as company
+  went public on June 2, 1987.
+  
+
diff --git a/reuters/test/20932 b/reuters/test/20932
new file mode 100644
index 0000000000000000000000000000000000000000..c503ad992a6348ff7872e9dd94f62ff200336ce2
--- /dev/null
+++ b/reuters/test/20932
@@ -0,0 +1,8 @@
+KMW SYSTEMS CORP <KMWS.O> 1ST QTR SEPT 30
+  Shr five cts vs eight cts
+      Net 100,000 vs 176,000
+      Revs 4,027,000 vs 3,649,000
+      NOTE: 1986 qtr includes gain 90,000 dlrs, or four cts per
+  share, from tax gain.
+  
+
diff --git a/reuters/test/20936 b/reuters/test/20936
new file mode 100644
index 0000000000000000000000000000000000000000..020e9e90d606c9a498b092955a7032832819eb38
--- /dev/null
+++ b/reuters/test/20936
@@ -0,0 +1,12 @@
+ARCO <ARC> RAISES CRUDE OIL POSTINGS 50 CTS
+  Atlantic Richfield's Arco Oil and Gas Co
+  said it increased contract prices for crude oil by 50 cts a
+  barrel, effective today.
+      Arco said the 50 cts increase brings its posted price for
+  West Texas Intermediate, the U.S. benchmark grade, to 19.00
+  dlrs a barrel.
+      The price of West Texas Sour was increased to 18.10 dlrs.
+  Light Louisiana Sweet was raised to 19.35 dlrs.
+      The price was last changed on September 30.
+  
+
diff --git a/reuters/test/20937 b/reuters/test/20937
new file mode 100644
index 0000000000000000000000000000000000000000..573a57945f95a8c92b763b361edbd33948302bd8
--- /dev/null
+++ b/reuters/test/20937
@@ -0,0 +1,15 @@
+POLAROID CORP <PRD> 3RD QTR SEPT 27
+  Shr 39 cts vs 39 cts
+      Net 24.4 mln vs 23.8 mln
+      Revs 425.9 mln vs 396.2 mln
+      Nine mths
+      Shr 1.23 dlrs vs 1.04 dlrs
+      Net 76.3 mln vs 64.1 mln
+      Revs 1.26 billion vs 1.12 billion
+      NOTE: Net adjusted to account for the recent 2-for-1 split
+  of the company's common.
+     
+      Qtr 1986 includes a seven cts per shr gain due to net
+  after-tax foreign currency exchange effect.
+  
+
diff --git a/reuters/test/20938 b/reuters/test/20938
new file mode 100644
index 0000000000000000000000000000000000000000..f6a740088edb2d5c94d0f091b38037686cde3b70
--- /dev/null
+++ b/reuters/test/20938
@@ -0,0 +1,18 @@
+MORRISON KNUDSEN CORP <MRN> 3RD QTR LOSS
+  Oper shr loss 2.51 dlrs vs profit 94 cts
+      Oper net loss 27.2 mln vs profit 10.3 mln
+      Revs 464.2 mln vs 504.6 mln
+      Nine mths
+      Oper shr loss 1.33 dlrs vs profit 2.57 dlrs
+      Oper net loss 14.4 mln vs profit 28.2 mln
+      Revs 1.41 billion vs 1.55 billion
+     
+      NOTE: 1987 qtr and nine mths excludes loss 41.1 mln dlrs,
+  or 3.79 dlrs per share, and loss 41.8 mln dlrs, or 3.87 dlrs
+  per share, respectively, from discontinued real estate
+  operations.
+      1986 qtr and nine mths include loss 126,000 dlrs, or one
+  cent per share, and gain 304,000 dlrs, or three cts per share,
+  respectively, from discontinued operations.
+  
+
diff --git a/reuters/test/20941 b/reuters/test/20941
new file mode 100644
index 0000000000000000000000000000000000000000..3c24ae90eb8c5a13078e333a6c1e02fd51e27788
--- /dev/null
+++ b/reuters/test/20941
@@ -0,0 +1,5 @@
+TREASURY'S BAKER MET WEST GERMANY'S STOLTENBERG TODAY, AGREED TO SUPPORT LOUVRE PACT
+
+  TREASURY'S BAKER MET WEST GERMANY'S STOLTENBERG TODAY, AGREED TO SUPPORT LOUVRE PACT
+  
+
diff --git a/reuters/test/20943 b/reuters/test/20943
new file mode 100644
index 0000000000000000000000000000000000000000..0903957ed530da6e67b88e8659738978404a2ef1
--- /dev/null
+++ b/reuters/test/20943
@@ -0,0 +1,10 @@
+WESTPORT BANCORP <WEBAT.O> 3RD QTR NET
+  Shr 19 cts vs 38 cts
+      Net 397,000 vs 788,000
+      Nine mths
+      Shr 80 cts vs 1.19 dlrs
+      Net 1,674,000 vs 2,455,000
+      NOTE: Company would not provide assets, deposits, and loans
+  figures.
+  
+
diff --git a/reuters/test/20944 b/reuters/test/20944
new file mode 100644
index 0000000000000000000000000000000000000000..b2e22956469b13895d73b25b1692aa3455e5be46
--- /dev/null
+++ b/reuters/test/20944
@@ -0,0 +1,5 @@
+ARCO RAISES CRUDE OIL PRICES 50 CTS BARREL, TODAY, WTI TO 19.00
+
+  ARCO RAISES CRUDE OIL PRICES 50 CTS BARREL, TODAY, WTI TO 19.00
+  
+
diff --git a/reuters/test/20945 b/reuters/test/20945
new file mode 100644
index 0000000000000000000000000000000000000000..1c5c6289e463aa62018b2beca1414906dcca3042
--- /dev/null
+++ b/reuters/test/20945
@@ -0,0 +1,11 @@
+PEPSICO UNIT <PEP> LIFTS <CALNY.O> STAKE
+  Taco Bell Corp, a unit of Pepsico Inc,
+  said it increased its stake in Calny Inc common stock to
+  1,349,884 shares, or 27.9 pct of the total outstanding, from a
+  previous figure of approximately 1,230,107 shares, or 25.4 pct.
+      In a filing with the Securities and Exchange Commission,
+  Taco Bell said it bought 119,867 Calny common shares on October
+  15 and 16 at 10.75 dlrs a share.
+      No reason was given for the recent purchases.
+  
+
diff --git a/reuters/test/20946 b/reuters/test/20946
new file mode 100644
index 0000000000000000000000000000000000000000..a0903a810e8b7a7a6327af7bb781d2b23d9e66e1
--- /dev/null
+++ b/reuters/test/20946
@@ -0,0 +1,9 @@
+MACYRO GROUP <MYO.M> BUYS COMPANIES
+  Groupe Macyro Inc said it
+  agreed to buy two Quebec construction wholesalers, (Nap Dumont
+  (1982) Ltd) and (Nap Transport Cie Ltd) for 3.5 mln dlrs.
+       Macyro said the two companies operate in the construction
+  material, electiricty, plumbing, hardware and locksmithing
+  sectors and had sales of 23.5 mln dlrs last year.              
+  
+
diff --git a/reuters/test/20947 b/reuters/test/20947
new file mode 100644
index 0000000000000000000000000000000000000000..4ff0daffcc4f6a7e7abd26d750e13293b5006908
--- /dev/null
+++ b/reuters/test/20947
@@ -0,0 +1,16 @@
+CTS CORP <CTS> 3RD QTR OPER NET
+  Oper shr profit 62 cts vs profit seven cts
+      Oper net profit 3,492,000 vs profit 401,000
+      Revs 62.8 mln vs 62.0 mln
+      Nine mths
+      Oper shr profit 1.26 dlrs vs loss 42 cts
+      Oper net profit 7,131,000 vs loss 2,344,000
+      Revs 190.3 mln vs 180.0 mln
+      NOTE: 1986 period ended September 28. Results exclude
+  extraordinary gain from net loss carryforward of 228,000 dlrs
+  or three cts a shr in the 1987 3rd qtr and 1,043,000 dlrs or 18
+  cts in the 1987 nine mths. 1986 nine mth results exclude
+  earnings from discontinued operations of 7,549,000 dlrs or 1.34
+  dlrs.
+  
+
diff --git a/reuters/test/20948 b/reuters/test/20948
new file mode 100644
index 0000000000000000000000000000000000000000..a0ffc1df091689ac39b2c0c24d72c3d2733c80e1
--- /dev/null
+++ b/reuters/test/20948
@@ -0,0 +1,5 @@
+German Finance Ministry confident of maintaining currency stability at around current levels - spokesman
+
+  German Finance Ministry confident of maintaining currency stability at around current levels - spokesman
+  
+
diff --git a/reuters/test/20949 b/reuters/test/20949
new file mode 100644
index 0000000000000000000000000000000000000000..7757d6de1c3f490a42b299e7554522a3052d15e8
--- /dev/null
+++ b/reuters/test/20949
@@ -0,0 +1,14 @@
+AMCA INTERNATIONAL <AIL> 3RD QTR LOSS
+  Shr loss two cts vs loss 1.79 dlrs
+      Net profit 4,959,000 vs loss 56.2 mln
+      Revs 290.3 mln vs 245.0 mln
+      Nine mths
+      Shr loss 75 cts vs loss 1.78 dlrs
+      Net loss 9,390,000 vs loss 44.2 mln
+      Revs 800.8 mln vs 838.6 mln
+      NOTE: Full name is AMCA International Ltd. Results in U.S.
+  dlrs. Latest qtr earnings include pension refund of 10 mln
+  dlrs, representing loss of two cts per shr after payment of
+  preferred dividends.
+  
+
diff --git a/reuters/test/20954 b/reuters/test/20954
new file mode 100644
index 0000000000000000000000000000000000000000..3d52f12e06af07d8db7d6f3a607f5227a9f6e192
--- /dev/null
+++ b/reuters/test/20954
@@ -0,0 +1,11 @@
+VALLEY CAPITAL CORP <VCCN.O> 3RD QTR NET
+  Shr 1.17 dlrs vs 80 cts
+      Net 5,500,000 vs 3,500,000
+      Nine months
+      Shr 3.30 dlrs vs 2.10 dlrs
+      Net 15.1 mln vs 9.2 mln
+      Assets 1.6 billion vs 1.4 billion
+      Deposits 1.3 billion vs 1.1 billion
+      Loans 947.0 mln vs 822.0 mln
+  
+
diff --git a/reuters/test/20958 b/reuters/test/20958
new file mode 100644
index 0000000000000000000000000000000000000000..a0ffc1df091689ac39b2c0c24d72c3d2733c80e1
--- /dev/null
+++ b/reuters/test/20958
@@ -0,0 +1,5 @@
+German Finance Ministry confident of maintaining currency stability at around current levels - spokesman
+
+  German Finance Ministry confident of maintaining currency stability at around current levels - spokesman
+  
+
diff --git a/reuters/test/20959 b/reuters/test/20959
new file mode 100644
index 0000000000000000000000000000000000000000..9c6beab41647f82037f3b541eb5bc7a68d1b2ae1
--- /dev/null
+++ b/reuters/test/20959
@@ -0,0 +1,21 @@
+U.S. MILITARY LEADER PREDICTS IRANIAN RESPONSE
+  William Crowe, chairman of the U.S.
+  Joint Chiefs of Staff, predicted Iran will retaliate for the
+  U.S. strike against its oil platform though he said Iranian
+  options were limited.
+      "They will be determined. They will not be easily deterred,
+  and let me stress for you that our commitment there is not
+  going to be risk free or casualty free."
+      He said the most likely Iranian response would involve
+  terrorism or the laying of mines.
+      "They obviously will look for ways that are probably more in
+  line with the 'silent hand' than what they have tried thus far,"
+  Crowe told an American Stock Exchange conference.
+      He declined comment on a reporter's query whether he
+  favored a stronger move against Iran than that ordered by the
+  president.
+      "We carried out the operation that was decided upon and we
+  carried it out with enthusiasm and I think it was
+  professionally and well done," Crowe said.
+  
+
diff --git a/reuters/test/20968 b/reuters/test/20968
new file mode 100644
index 0000000000000000000000000000000000000000..725328f63be1ed92b17eb2d1c72edf3258b1ea86
--- /dev/null
+++ b/reuters/test/20968
@@ -0,0 +1,13 @@
+SPECIALTY COMPOSITES CORP <SPCM.O> 3RD QTR NET
+  Shr 11 cts vs nine cts
+      Net 105,489 vs 88,929
+      Revs 2,306,697 vs 2,066,636
+      Nine mths
+      Shr 17 cts vs 14 cts
+      Net 167,960 vs 136,856
+      Revs 6,714,468 vs 6,026,343
+      NOTE: 1987 qtr and nine mths includes tax gain 64,200 dlrs
+  and 102,200 dlrs, respectively. 1986 qtr and nine mths includes
+  tax gain 78,000 dlrs and 107,000 dlrs, respectively.
+  
+
diff --git a/reuters/test/20969 b/reuters/test/20969
new file mode 100644
index 0000000000000000000000000000000000000000..0d75105370cac46d0cc5bbde9e2e32b20aed1dda
--- /dev/null
+++ b/reuters/test/20969
@@ -0,0 +1,10 @@
+BULCAN CORP <BUL> 3RD QTR NET
+  Shr five cts vs seven cts
+      Net 80,642 vs 115,222
+      Revs 7,833,570 vs 5,739,443
+      Nine mths
+      Shr five cts vs 1.11 dlrs
+      Net 80,773 vs 1,743,828
+      Revs 21.6 mln vs 16.3 mln
+  
+
diff --git a/reuters/test/20972 b/reuters/test/20972
new file mode 100644
index 0000000000000000000000000000000000000000..ec92251f12a218d1cfb6266bfcf137de5a678eb7
--- /dev/null
+++ b/reuters/test/20972
@@ -0,0 +1,21 @@
+CHEMED CORP <CHE> 3RD QTR NET
+  Primary shr 68 cts vs 65 cts
+      Diluted shr 62 cts vs 60 cts
+      Net 6,053,000 vs 5,803,000
+      Revs 101.4 mln vs 94.8 mln
+      Primary avg shrs 8,955,000 vs 8,963,000
+      Diluted avg shrs 11,031,000 vs 11,010,000
+     
+      Nine months
+      Primary shr 1.74 dlrs vs 1.83 dlrs
+      Diluted shr 1.64 dlrs vs 1.69 dlrs
+      Net 15.6 mln vs 16.3 mln
+      Revs 291.4 mln vs 266.7 mln
+      Primary avg shrs 8,974,000 vs 8,936,000
+      Diluted avg shrs 11,053,000 vs 10,994,000
+      NOTE: 1986 third qtr results exclude extraordinary 811,000
+  dlr gain from termination of a pension plan. 1986 nine month
+  results include 1,804,000 dlr gain from June 1986 sale of
+  National Sanitary Supply common stock in an initial offering.
+  
+
diff --git a/reuters/test/20973 b/reuters/test/20973
new file mode 100644
index 0000000000000000000000000000000000000000..b76221f14d0a5a956904bcab711246837480a810
--- /dev/null
+++ b/reuters/test/20973
@@ -0,0 +1,13 @@
+WALTHAM CORP <WLBK.O> 3RD QTR NET
+  Shr 27 cts vs 21 cts
+      Net 988,000 vs 784,000
+      Nine mths
+      Shr 82 cts
+      Net 3,040,000 vs 2,089,000
+      Assets 284.2 mln vs 244.0 mln
+      Loans 203.7 mln vs 133.5 mln
+      Deposits 211.7 mln vs 179.5 mln
+      NOTE: 1986 nine mths per share not available because bank
+  did not convert to stock form until May 22, 1986.
+  
+
diff --git a/reuters/test/20974 b/reuters/test/20974
new file mode 100644
index 0000000000000000000000000000000000000000..b672e8b87cb1e5c6601c429015e7e9ab55733f18
--- /dev/null
+++ b/reuters/test/20974
@@ -0,0 +1,10 @@
+NATIONAL BANC OF COMMERCE CO <NBCC.O> 3RD QTR
+  Shr 41 cts vs 47 cts
+      Net 1,002,000 vs 931,000
+      Avg shrs 2,452,171 vs 1,975,422
+      Nine mths
+      Shr 1.23 dlrs vs 1.41 dlrs
+      Net 3,014,000 vs 2,776,000
+      Avg shrs 2,444,591 vs 1,967,539
+  
+
diff --git a/reuters/test/20975 b/reuters/test/20975
new file mode 100644
index 0000000000000000000000000000000000000000..3e9cbfda4b154474691db38e55c4ce2c0c6d8b95
--- /dev/null
+++ b/reuters/test/20975
@@ -0,0 +1,13 @@
+EDAC TECHNOLOGIES CORP <EDAC.O> 3RD QTR NET
+  Shr three cts vs two cts
+      Net 109,000 vs 67,000
+      Sales 11.3 mln vs 11.3 mln
+      Nine mths
+      Shr seven cts vs 99 cts
+      Net 221,000 vs 3,213,000
+      Sales 30.6 mln vs 35.9 mln
+      Order backlog 22.7 mln vs 13.5 mln
+      Note: 1986 figures include life insurance proceeds of 2.5
+  mln dlr or 78 cts a share.
+  
+
diff --git a/reuters/test/20976 b/reuters/test/20976
new file mode 100644
index 0000000000000000000000000000000000000000..96f43da3b4c87c90a6a72cd1a32b05124bf11895
--- /dev/null
+++ b/reuters/test/20976
@@ -0,0 +1,15 @@
+AUTOTROL CORP <AUTR.O> 3RD QTR NET
+  Shr profit 22 cts vs loss 22 cts
+      Net profit 430,373 vs loss 433,395
+      Sales 7,723,838 vs 6,219,157
+      Nine mths
+      Shr profit 49 cts vs loss 1.20 dlrs
+      Net profit 960,008 vs loss 2,338,286
+      Sales 23.2 mln vs 19.9 mln
+      NOTE: 1986 data restated to reflect operations discontinued
+  in 1986
+      1986 earnings exclude loss from discontinued operations of
+  319,055 dlrs, or 16 cts a share in the quarter and 906,962
+  dlrs, or 46 cts a share for the nine months
+  
+
diff --git a/reuters/test/20979 b/reuters/test/20979
new file mode 100644
index 0000000000000000000000000000000000000000..0212fc6a9ab83c02e98eb991a06671b8e53d3dad
--- /dev/null
+++ b/reuters/test/20979
@@ -0,0 +1,3 @@
+19-OCT-1987
+  19-OCT-1987
+
diff --git a/reuters/test/20981 b/reuters/test/20981
new file mode 100644
index 0000000000000000000000000000000000000000..a5b80f8172fe23341c6f06e74249174dbba3a1ad
--- /dev/null
+++ b/reuters/test/20981
@@ -0,0 +1,25 @@
+U.S. FORCES DESTROYED OIL RIG, RAIDED ANOTHER
+  U.S. warships destroyed an Iranian oil
+  platform in the Gulf on Monday and the Navy also raided a
+  second oil rig in retaliation for Friday's Iranian missile
+  attack on a U.S. flag tanker, the Pentagon said.
+      President Reagan and Defense Secretary Caspar Weinberger
+  warned Iran of even stronger countermeasures if the military
+  escalation between the two countries continued in the volatile
+  waterway.
+      Reagan said he ordered the strike on the first platform by
+  four U.S. destroyers, which fired about 1,000 five-inch shells
+  at the Rostam oil rig 120 miles east of Bahrain in the central
+  Gulf.
+      A short time later, Navy personnel boarded a second Iranian
+  oil platform about five miles to the north and destroyed radar
+  and communications equipment before leaving the structure, the
+  Pentagon said.
+       Defense Department spokesman Fred Hoffman told reporters
+  that the second platform had been abandoned by Iranian
+  personnel during the shelling and destruction of the first rig.
+      The United States said both platforms were being used to
+  keep track of Gulf merchant shipping and to launch speedboat
+  attacks on such shipping by Iranian Revolutionary guards.
+  
+
diff --git a/reuters/test/20982 b/reuters/test/20982
new file mode 100644
index 0000000000000000000000000000000000000000..202c9b1eebeced80e1ac209aa8487cd88660b342
--- /dev/null
+++ b/reuters/test/20982
@@ -0,0 +1,18 @@
+GULF AND WESTERN <GW> TO ACQUIRE BRITISH COMPANY
+  Gulf and Western Inc's publishing unit,
+  Simon and Schuster, said it agreed in principle to acquire
+  <Woodhead-Faulkner (Publishers) Ltd>, a British-based publisher
+  of professional and consumer books, for undisclosed terms.
+      Upon completion of the proposed transaction,
+  Woodhead-Faulkner will become part of Simon and Schuster's
+  International Group, which in the U.K. includes Simon and
+  Schuster trade books, and Prentice Hall academic texts.
+      Simon and Schuster said that Woodhead-Faulkner will
+  continue to publish under that name.
+      The company will continue to be under the direction of
+  Martin Woodhead, who will report to Henry Hirschberg, president
+  of Simon and Schuster's International Group.
+      Woodhead-Faulkner, founded in 1972, publishes international
+  banking, finance, and investment books.
+  
+
diff --git a/reuters/test/20983 b/reuters/test/20983
new file mode 100644
index 0000000000000000000000000000000000000000..dcac449a3d25a413325ca0e04a8f75cba2e288da
--- /dev/null
+++ b/reuters/test/20983
@@ -0,0 +1,8 @@
+CNB BANCSHARES INC <CNBE.O> 3RD QTR NET
+  Shr 52 cts vs 45 cts
+      Net 2,623,000 vs 2,256,000
+      Nine mths
+      Shr 1.55 dlrs vs 1.45 dlrs
+      Net 7,744,000 vs 6,542,000
+  
+
diff --git a/reuters/test/20984 b/reuters/test/20984
new file mode 100644
index 0000000000000000000000000000000000000000..04dd796e2a0626d997c4efbab38eb9251ba3a777
--- /dev/null
+++ b/reuters/test/20984
@@ -0,0 +1,12 @@
+NATIONAL SANITARY SUPPLY CO <NSSX.O> 3RD QTR
+  Shr 16 cts vs 14 cts
+      Net 954,000 vs 777,000
+      Revs 24.7 mln vs 21.5 mln
+      Avg shrs 6,000,000 vs 6,000,000
+      Nine mths
+      Shr 39 cts vs 34 cts
+      Net 2,314,000 vs 1,805,000
+      Revs 69.2 mln vs 59.3 mln
+      Avg shrs 6,000,000 vs 5,363,000
+  
+
diff --git a/reuters/test/20988 b/reuters/test/20988
new file mode 100644
index 0000000000000000000000000000000000000000..d00d6e02bb878971b6e1f6a299b44dfcbf1e4ef8
--- /dev/null
+++ b/reuters/test/20988
@@ -0,0 +1,17 @@
+EASTERN UTILITIES ASSOCIATES 3RD QTR NET
+  Shr 86 cts vs 74 cts
+      Net 11.1 mln vs 8.6 mln
+      Revs 87.7 mln vs 80.5 mln
+      Avg shrs 12,857,904 vs 11,578,259
+      Nine mths
+      Shr 2.61 dlrs vs 2.15 dlrs
+      Net 32.6 mln vs vs 24.8 mln
+      Revs 269.8 mln vs 257.8 mln
+      Avg shrs 12,482,780 vs 11,502,035
+      12 mths
+      Shr 3.28 dlrs vs 2.80 dlrs
+      Net 40.3 mln vs 32.1 mln
+      Revs 355.4 mln vs 342.1 mln
+      Avg shrs 12,271,220 vs 11,457,028
+  
+
diff --git a/reuters/test/20989 b/reuters/test/20989
new file mode 100644
index 0000000000000000000000000000000000000000..c763202ae8ed7cf71af153e8483efa5f63b813af
--- /dev/null
+++ b/reuters/test/20989
@@ -0,0 +1,26 @@
+EC, U.S. PLAN HIGH-LEVEL TRADE TALKS
+  The European Community is willing to
+  offer limited concessions to the United States on one of two
+  major issues which threaten to poison their trade relations
+  next year, an EC commission spokesman said.
+      He said the offer would be made at a meeting later this
+  month between U.S. Trade Representative Clayton Yeutter and EC
+  External Relations Commissioner Willy de Clercq.
+      EC Farm Commissioner Frans Andriessen told agriculture
+  ministers meeting in Luxembourg that the EC is willing to make
+  some temporary arrangements to lighten the impact on U.S.
+  Exports of an EC plan to ban the sales of meat from animals fed
+  with growth hormones, the spokesman said.
+      Washington has said it will take trade reprisals if the EC
+  proceeds with the ban from January 1 and if European countries
+  do not quickly cut back what it sees as unfair subsidies to the
+  makers of their Airbus airliner which are harming U.S.
+  Manufacturers.
+      It claims the hormones ban has no scientific basis and will
+  rob it of 130 mln dlrs' worth of exports a year.
+      Diplomatic sources said the Yeutter-de Clercq meeting will
+  take place in London and will also involve the aerospace
+  ministers of France, Britain, West Germany and Spain, the
+  countries involved in the Airbus project.
+  
+
diff --git a/reuters/test/20991 b/reuters/test/20991
new file mode 100644
index 0000000000000000000000000000000000000000..494f5c4741beb2ef764a1f4235bbae3805293856
--- /dev/null
+++ b/reuters/test/20991
@@ -0,0 +1,23 @@
+BRITAIN BACKS U.S. STRIKE ON IRAN OIL PLATFORM
+  British Foreign Secretary Sir Geoffrey
+  Howe backed the United States' attack on an Iranian oil
+  platform on Monday and said it should not worsen the Gulf
+  crisis.
+      "The United States is fully entitled to take military action
+  in exercise of rights of self-defense, in the face of the
+  imminent threat of further attacks," Howe said in a statement
+  issued in London.
+      The United States said its forces destroyed the platform on
+  Monday in retaliation for an Iranian missile attack on a U.S.-
+  flagged Kuwaiti ship last Friday.
+      Referring to that attack, Howe added, "I trust the Iranians
+  will fully understand that continued attacks of this kind will
+  only enhance justification for firm action in self-defense."
+      At a press conferenced in Luxembourg during a meeting of
+  European Community (EC) ministers, Howe was asked about
+  statements from a senior Iranian official who said America was
+  now involved in a full-scale war.
+      "It would be profoundly undesirable and quite unjustified
+  for Iran to react in that way," he said.
+  
+
diff --git a/reuters/test/20995 b/reuters/test/20995
new file mode 100644
index 0000000000000000000000000000000000000000..dfba1be211f15f91c24b28dc1e477419c5fcf433
--- /dev/null
+++ b/reuters/test/20995
@@ -0,0 +1,5 @@
+SIMON AND SCHUSTER TO ACQUIRE WOODHEAD-FAULKNER OF THE U.K. FOR UNDISCLOSED TERMS
+
+  SIMON AND SCHUSTER TO ACQUIRE WOODHEAD-FAULKNER OF THE U.K. FOR UNDISCLOSED TERMS
+  
+
diff --git a/reuters/test/21000 b/reuters/test/21000
new file mode 100644
index 0000000000000000000000000000000000000000..cda1df36d5e3bfbd00605dcfa7542716012f20d2
--- /dev/null
+++ b/reuters/test/21000
@@ -0,0 +1,10 @@
+CCR VIDEO<CCCR.O> GETS OFFER ON TAKEOVER TALKS
+  CCR Video Corp said it received an
+  offer to enter into negotiations for <Intercep Investment Corp>
+  of Vancouver, B.C., to acquire a controlling interest in the
+  company through a tender offer.
+      CCR said the negotiations would determine the terms under
+  which the CCR board could support an Intercep tender offer.
+      Additional details were not immediately available.
+  
+
diff --git a/reuters/test/21002 b/reuters/test/21002
new file mode 100644
index 0000000000000000000000000000000000000000..e1bd8a55cc9c2e0627ea722cadb580e91ce167fd
--- /dev/null
+++ b/reuters/test/21002
@@ -0,0 +1,53 @@
+HUGE OIL PLATFORMS DOT GULF LIKE BEACONS
+  Huge oil platforms dot the Gulf like
+  beacons -- usually lit up like Christmas trees at night.
+      One of them, sitting astride the Rostam offshore oilfield,
+  was all but blown out of the water by U.S. Warships on Monday.
+      The Iranian platform, an unsightly mass of steel and
+  concrete, was a three-tier structure rising 200 feet (60
+  metres) above the warm waters of the Gulf until four U.S.
+  Destroyers pumped some 1,000 shells into it.
+      The U.S. Defense Department said just 10 pct of one section
+  of the structure remained.
+      U.S. helicopters destroyed three Iranian gunboats after an
+  American helicopter came under fire earlier this month and U.S.
+  forces attacked, seized, and sank an Iranian ship they said had
+  been caught laying mines.
+      But Iran was not deterred, according to U.S. defense
+  officials, who said Iranian forces used Chinese-made Silkworm
+  missiles to hit a U.S.-owned Liberian-flagged ship on Thursday
+  and the Sea Isle City on Friday.
+      Both ships were hit in the territorial waters of Kuwait, a
+  key backer of Iraq in its war with Iran.
+      Henry Schuler, a former U.S. diplomat in the Middle East
+  now with CSIS said Washington had agreed to escort Kuwaiti
+  tankers in order to deter Iranian attacks on shipping.
+      But he said the deterrence policy had failed and the level
+  of violence and threats to shipping had increased as a result
+  of U.S. intervention and Iran's response.
+      The attack on the oil platform was the latest example of a
+  U.S. "tit-for-tat" policy that gave Iran the initiative, said
+  Harlan Ullman, an ex-career naval officer now with CSIS.
+      He said with this appraoch America would suffer "the death
+  of one thousand cuts."
+      But for the United States to grab the initiative
+  militarily, it must take warlike steps such as mining Iran's
+  harbors or blockading the mouth of the Gulf through which its
+  shipping must pass, Schuler said.
+      He was among those advocating mining as a means of bringing
+  Iran to the neogtiating table. If vital supplies were cut off,
+  Tehran could not continue the war with Iraq.
+      Ullman said Washington should join Moscow in a diplomatic
+  initiative to end the war and the superpowers should impose an
+  arms embargo against Tehran if it refused to negotiate.
+      He said the United States should also threaten to mine and
+  blockade Iran if it continued fighting and must press Iraq to
+  acknowledge responsibility for starting the war as part of a
+  settlement.
+      Iranian and Western diplomats say Iraq started the war by
+  invading Iran's territory in 1980. Iraq blames Iran for the
+  outbreak of hostilities, which have entailed World War I-style
+  infantry attacks resulting in horrific casualties.
+      Each side has attacked the others' shipping.
+  
+
diff --git a/reuters/test/21003 b/reuters/test/21003
new file mode 100644
index 0000000000000000000000000000000000000000..d6597c0d2ab215fcdc7505266bf202d148d44080
--- /dev/null
+++ b/reuters/test/21003
@@ -0,0 +1,5 @@
+CCR VIDEO SAYST RECEIVED OFFER TO NEGOTIATE A TAKEOVER BY INTERCEP INVESTMENT CORP
+
+  CCR VIDEO SAYST RECEIVED OFFER TO NEGOTIATE A TAKEOVER BY INTERCEP INVESTMENT CORP
+  
+
diff --git a/reuters/test/21006 b/reuters/test/21006
new file mode 100644
index 0000000000000000000000000000000000000000..2b78a05a049fe2128d01f09d2faa45c2b8bbc917
--- /dev/null
+++ b/reuters/test/21006
@@ -0,0 +1,55 @@
+DIPLOMATS CALL U.S. ATTACK ON OIL RIG RESTRAINED
+  A U.S. attack on an Iranian oil platform
+  in the Gulf on Monday appeared to be a tit-for-tat raid
+  carefully orchestrated not to be too provocative or upset Arab
+  allies, Western diplomats in the region said.
+      U.S. Defence Secretary Caspar Weinberger said Monday that
+  U.S. Warships destroyed the oil platform in the southern Gulf
+  in response to a missile strike on the American-registered
+  Kuwaiti tanker Sea Isle City in Kuwaiti waters on Friday.
+      "We consider the matter closed," he said, a signal the U.S.
+  administration did not want the Gulf crisis to escalate.
+      Iran had warned the United States earlier in the day
+  against exacerbating the Gulf crisis, saying military action
+  would endanger American interests.
+      Following the raid, a okesman for Tehran's War
+  Information Headquarters vowed to avenge the attack with a
+  "crushing blow."
+      "The United States has entered a swamp from which it can in
+  no way get out safely," Tehran Radio quoted him as saying.
+      Diplomats noted, however, Iran was also seeking to avoid
+  ostracism by Arab states due to meet at a summit in Amman on
+  November 8 and discuss the Iran-Iraq war.
+      Iranian Prime Minister Mir-Hossein Mousavi is currently in
+  Damascus, and diplomats said he would seek Syrian help in
+  preventing a total Arab breach with Tehran.
+      Further escalation of the war threatening the Gulf Arab
+  states could work against Tehran at the Amman gathering, they
+  said.
+      "The ball is in Iran's court now. It's up to Tehran to
+  respond one way or the other," a diplomat said.
+      President Ronald Reagan warned Iran of stronger American
+  countermeasures if the military escalation continued.
+      Western diplomats and military sources in the area said
+  shelling the platform appeared to be the least provocative act
+  the United States could have taken once it had decided to
+  retaliate for the tanker attack, blamed by both the Americans
+  and Kuwaitis on Iran.
+      "It's interesting that they chose something in international
+  waters because it doesn't implicate any other nation," one
+  diplomat said. "This was better for U.S. Relations with the Gulf
+  Arab states, particularly Kuwait."
+      Commented another diplomat: "Kuwait must be happy that the
+  U.S. Has done something, but relieved that Faw was not attacked
+  on its doorstep."
+      One source said of the attack on the oil platform: "They
+  managed to warn off the crew and hit something that was the
+  least nuisance to everybody."
+      A diplomat commented: "They were very clever in the place
+  they chose. It gets attention, but it hasn't devastated
+  anything because it wasn't working in the first place."
+      A senior Arab banker in the area said after the news broke:
+  "This was a good, measured response without risking a flare-up
+  ... It is a face-saving response (for the Americans)."
+  
+
diff --git a/reuters/test/21007 b/reuters/test/21007
new file mode 100644
index 0000000000000000000000000000000000000000..8313005f721e24f189410e09bca5395929e78771
--- /dev/null
+++ b/reuters/test/21007
@@ -0,0 +1,11 @@
+BROWN DISC TO BUY RHONE-POULENC <RHON.PA> UNIT
+  Brown Disc Products Co
+  Inc, a unit fo Genevar Enterprises Inc, said it has purchased
+  the ongoing business, trademarks and certain assets of
+  Rhone-Poulenc's Brown Disc Manufacturing unit, for undisclosed
+  terms.
+      Rhone-Poulenc is a French-based chemical company.
+      Under the agreement, Rhone-Poulenc will supply magnetic
+  tape and media products to Brown Disc Products.
+  
+
diff --git a/reuters/test/21012 b/reuters/test/21012
new file mode 100644
index 0000000000000000000000000000000000000000..310cccaf1e44e70e8dfe61bfc7eebcc604af7ceb
--- /dev/null
+++ b/reuters/test/21012
@@ -0,0 +1,10 @@
+CONSOLIDATED FREIGHTWAYS INC <CNF> 3RD QTR NET
+  Shr 43 cts vs 63 cts
+      Net 16,362,000 vs 24,325,000
+      Revs 589.3 mln vs 549.1 mln
+      Nine Mths
+      Shr 1.40 dlrs vs 1.73 dlrs
+      Net 54,011,000 66,591,000
+      Revs 1.68 1.58 billion
+  
+
diff --git a/reuters/test/21013 b/reuters/test/21013
new file mode 100644
index 0000000000000000000000000000000000000000..68b740695934e64abfd905b9216b86dd63d40add
--- /dev/null
+++ b/reuters/test/21013
@@ -0,0 +1,49 @@
+LATEST ATTACK SEEN POINTING UP DILEMMAS FOR US
+  Military experts say the United States
+  faces a dilemma in the Gulf following U.S. destruction of an
+  Iranian oil platform in retaliation for an attack on a
+  U.S.-flagged tanker.
+      The experts told Reuters Tehran holds the initiative and is
+  likely to control the tempo and direction of the conflict as
+  long as America simply reacts to Iranian attacks by launching
+  limited retaliatory strikes.
+      But if Washington seizes the initiative with bolder steps
+  -- such as mining Iran's harbors, blockading its shipping, or
+  destroying key bases -- it could find itself in a major war.
+      "Iran is in the driver's seat in an absolute sense as the
+  cycle of attack and retaliation continues," said Fred Axelgard,
+  a Gulf War expert with the private Center for Strategic and
+  International Studies (CSIS).
+      "It's like a Greek tragedy," said retired Adm. Eugene Carroll
+  of Washington's private Center for Defense Information (CDI)
+  think tank.
+      Some Middle East experts say the only way out is for
+  Washington to join forces with Moscow in pressing for an end to
+  the war between Iran and Iraq.
+      They say it is not feasible for America to withdraw its
+  30-ship force from the Gulf area, where the Navy began
+  escorting U.S.-flagged Kuwaiti tankers in July. Withdrawal 
+  would give the appearance of being chased away by Iran, which
+  President Reagan could never accept.
+      U.S. Defense Secretary Caspar Weinberger told a Pentagon
+  news conference the destroyers Kidd, Young, Leftwich and Hoel
+  fired about 1,000 rounds of five-inch shells at Iran's Rostam
+  oil rig 120 miles east of Bahrain beginning at about 1400 Gulf
+  time (0700 EDT) on Monday.
+      Weinberger said the platform had been used as a military
+  base by Iran and that the attack responded to an Iranian
+  Silkworm missile strike on the U.S.-flagged Kuwaiti tanker Sea
+  Isle City on Friday.
+      Iranians manning the platform were warned in advance and
+  allowed to escape.
+      "We do not seek further confrontation with Iran, but we will
+  be prepared to meet any escalation of military action by Iran
+  with stronger countermeasures," Weinberger said.
+      "We consider this matter closed," he said.
+      Analysts ranging from the liberal CDI to conservatives
+  agreed the U.S. reaction was measured, reasonable and did not
+  escalate the conflict unduly. But they said the question was
+  whether Iran would consider the matter closed. It had not taken
+  this view after earlier clashes.
+  
+
diff --git a/reuters/test/21014 b/reuters/test/21014
new file mode 100644
index 0000000000000000000000000000000000000000..9689d5db8135c93432ad84f9d5c25468d49129df
--- /dev/null
+++ b/reuters/test/21014
@@ -0,0 +1,10 @@
+ROCHESTER TELEPHONE CORP <RTC> 3RD QTR NET
+  Shr 96 cts vs 87 cts
+      Net 10.8 mln vs 9,671,000
+      Revs 103.9 mln vs 97.5 mln
+      Nine mths
+      Shr 2.73 dlrs vs 2.62 dlrs
+      Net 30.7 mln vs 29.3 mln
+      Revs 325.7 mln vs 302.8 mln
+  
+
diff --git a/reuters/test/21016 b/reuters/test/21016
new file mode 100644
index 0000000000000000000000000000000000000000..3b01d972c42da515495c2c7569575caf733ab32d
--- /dev/null
+++ b/reuters/test/21016
@@ -0,0 +1,11 @@
+SOUTH CAROLINA NATIONAL CORP <SCNC.O> 3RD QTR
+  Shr 64 cts vs 55 cts
+      Net 14.0 mln vs 11.8 mln
+      Nine mths
+      Shr 1.83 dlrs vs 1.53 dlrs
+      Net 39.7 mln vs 32.7 mln
+      Assets 4.65 billion vs 4.53 billion
+      Loans 3.24 billion vs 2.92 billion
+      Deposits 3.32 billion vs 3.15 billion
+  
+
diff --git a/reuters/test/21017 b/reuters/test/21017
new file mode 100644
index 0000000000000000000000000000000000000000..8a6c478ed85c57a7336b456278a1fd6c05c2072e
--- /dev/null
+++ b/reuters/test/21017
@@ -0,0 +1,11 @@
+MARINE CORP <MCOR.O> 3RD QTR NET
+  Shr 30 cts vs 30 cts
+      Net 1,804,000 vs 1,800,000
+      Nine mths
+      Shr 89 cts vs 79 cts
+      Net 5,334,00 vs 4,496,000
+      NOTE: Earnings per share reflect initial public offering of
+  534,750 common shares in March 1986 and 2-for-1 stock splits in
+  January and June 1986.
+  
+
diff --git a/reuters/test/21018 b/reuters/test/21018
new file mode 100644
index 0000000000000000000000000000000000000000..40d1f9bd36657da9f3a2c50e263d76a48bf441a6
--- /dev/null
+++ b/reuters/test/21018
@@ -0,0 +1,15 @@
+STATOIL AWARDS VESLEFRIKK OIL FIELD CONTRACTS
+  Norwegian state oil company Den Norske
+  Stats Oljeselskap (Statoil) signed contracts worth a total of
+  1.5 billion Norwegian crowns in connection with the development
+  of the Veslefrikk oil field, Statoil said.
+      Moss Rosenberg Verft of Stavanger has been awarded a
+  contract to convert the the drilling platform West Vision to a
+  floating production platform. The work is to be completed in
+  the summer of 1989.
+      Aker Verdal has been awarded a contract for the
+  engineering, purchasing and construction of the steel jacket
+  for the wellhead platform, also to be completed in 1989,
+  Statoil said.
+  
+
diff --git a/reuters/test/21019 b/reuters/test/21019
new file mode 100644
index 0000000000000000000000000000000000000000..27d8a57cb81ea2e5d3ef4d21d7d45a46d8d3503f
--- /dev/null
+++ b/reuters/test/21019
@@ -0,0 +1,14 @@
+U.K. TREASURY CONFIRMS BP SALE TO GO AHEAD
+  The British Treasury confirmed that the
+  sale of British Petroleum Co Plc will go ahead as planned,
+  despite Monday's stock market crash which forced BP below the
+  330p a share set for the 7.2 billion stg issue.
+      "The government are not considering terminating the BP
+  offer. The offer has been fully underwritten," a Treasury
+  spokesman said.
+      The issue, which remains open until October 28, was fully
+  underwritten last week when the issue price was set.
+      BP shares closed down 33p at 317p as the FT-SE 100 share
+  index crashed a record 249.6 points, more than 10 pct.
+  
+
diff --git a/reuters/test/21022 b/reuters/test/21022
new file mode 100644
index 0000000000000000000000000000000000000000..2811f4595089326aa980da74730fda3e5f0f155e
--- /dev/null
+++ b/reuters/test/21022
@@ -0,0 +1,9 @@
+HARMAN INTERNATIONAL <HIII.O> 1ST QTR SEPT 30
+  Shr 30 cts vs 26 cts
+      Net 2,534,000 vs 1,695,000
+      Revs 98.8 mln vs 67.1 mln
+      Avg shrs 8,447,000 vs 6,563,000
+      NOTE: full name of company is harman international
+  industries inc.
+  
+
diff --git a/reuters/test/21023 b/reuters/test/21023
new file mode 100644
index 0000000000000000000000000000000000000000..32760ad628df1d1661278384cee662c3f5b67630
--- /dev/null
+++ b/reuters/test/21023
@@ -0,0 +1,14 @@
+GERMAN BANKER CALLS FOR SPECIAL MONETARY MEETING
+  Finance ministers from major industrial
+  nations should hold a special meeting to deal with the U.S.
+  Dollar's sharp decline, Helmut Geiger, president of the West
+  German savings bank association, said.
+      Geiger told Reuters: "Finance ministers should meet soon to
+  take confidence-building measures to limit the damage caused by
+  the dollar's fall."
+      Separately, Geiger told Bild newspaper in an interview
+  released ahead of publication on Tuesday that the lower dollar,
+  which had been artificially talked down by U.S. officials,
+  would damage West German exports and cost jobs.
+  
+
diff --git a/reuters/test/21028 b/reuters/test/21028
new file mode 100644
index 0000000000000000000000000000000000000000..80abbd6dc9ab528d7f67a1fe5e2c9f5733e450cd
--- /dev/null
+++ b/reuters/test/21028
@@ -0,0 +1,18 @@
+THE BANKING CENTER <TBCX.O> 3RD QTR NET
+  Shr 25 cts
+      Net 3,081,000 vs 2,063,000
+      Nine months
+      Shr 86 cts
+      Net 10.5 mln vs 6,966,000
+      Assets 1.43 billion vs 1.30 billion
+      Deposits 912.5 mln vs 875.8 mln
+      NOTE: Company converted to a stock savings bank on Aug 13,
+  1986.
+      1986 results include operations of Realtech Realtors, which
+  was acquired in 1986.
+      1987 results include operations of Burgdorff Realtors,
+  acquired in December 1986; Cornerstone Mortgage Co, acquired in
+  July 1987; Centerbank Mortgage Co, acquired in July 1987; and
+  Center Capital Corp, formed in August 1987.
+  
+
diff --git a/reuters/test/21030 b/reuters/test/21030
new file mode 100644
index 0000000000000000000000000000000000000000..f81e3e6b512fb037a4619ad731e1a4bdc181c279
--- /dev/null
+++ b/reuters/test/21030
@@ -0,0 +1,16 @@
+CALMAT <CZM> SUES INDUSTRIAL EQUITY
+  CalMat Co said it filed suit in Los
+  Angeles Superior Court against Industrial Equity (Pacific) Ltd,
+  against certain of its affiliates and against Ronald Langley,
+  president of Industrial Equity's North American operations.
+      The company said its sut charges that Langley
+  missapropriated material non-public information acquired in his
+  capacity as a CalMat director and used the information for the
+  benefit of Industrial Equity.
+      According to its more recent amendment to its Schedule 13D,
+  Industrial Equity owned about 19.17 pct of CalMat's stock at
+  October 14, CalMat said.
+      It said Industrial has also stated that it intends to
+  pursue a possible business combination in the near future.
+  
+
diff --git a/reuters/test/21031 b/reuters/test/21031
new file mode 100644
index 0000000000000000000000000000000000000000..32d5986281bf2cef850f1864eb88a293ee69294e
--- /dev/null
+++ b/reuters/test/21031
@@ -0,0 +1,14 @@
+REAGAN CALLS FOR VIGILANCE ON CERTAIN EXPORTS
+  President Reagan said the Commerce
+  Department should be vigilant in preventing the flow of
+  strategic technology from reaching the the Soviet Union and
+  other communist countries.
+      He was speaking at the swearing in of C. William Verity as
+  Secretary of the Commerce Department.
+      Verity said the U.S. should make certain that militarily
+  sensitive high technology does not wind up in communist
+  nations. But he also said the U.S. must reduce the list of
+  products of a nontechnological nature, thereby allowing
+  manufacturers to increase exports and jobs.
+  
+
diff --git a/reuters/test/21032 b/reuters/test/21032
new file mode 100644
index 0000000000000000000000000000000000000000..ff174f9efb692f6abb1583fd9d672fe105ab5f93
--- /dev/null
+++ b/reuters/test/21032
@@ -0,0 +1,7 @@
+WATTS INDUSTRIES INC <WATTA.O> 1ST QTR SEPT 27
+  Shr 36 cts vs 27 cts
+      Net 4,538,000 vs 3,160,000
+      Sales 41.8 mln vs 32.8 mln
+      Avg shrs 12.6 mln vs 11.9 mln
+  
+
diff --git a/reuters/test/21034 b/reuters/test/21034
new file mode 100644
index 0000000000000000000000000000000000000000..7d9079d0b9819cae8fdf92625f2bc08a98ecf1aa
--- /dev/null
+++ b/reuters/test/21034
@@ -0,0 +1,13 @@
+MONITERM CORP <MTRM.O> 3RD QTR OPER NET
+  Oper shr profit 13 cts vs nil
+      Oper net profit 612,806 vs profit 2,363
+      Sales 8,317,933 vs 2,823,243
+      Nine mths
+      Oper shr profit 32 cts vs loss four cts
+      Oper net profit 1,464,338 vs loss 161,315
+      Sales 20.3 mln vs 8,241,463
+      NOTE: 1987 earnings exclude gains from utilization of tax
+  loss carryforwards of 321,980 dlrs, or seven cts a share in the
+  quarter and 772,285 dlrs, or 17 cts a share for the nine months
+  
+
diff --git a/reuters/test/21036 b/reuters/test/21036
new file mode 100644
index 0000000000000000000000000000000000000000..eeb8d606c92f7c8e5566953673a6f6e33acb37d8
--- /dev/null
+++ b/reuters/test/21036
@@ -0,0 +1,10 @@
+ERIE LACKAWANNA INC <ERIE.O> 3RD QTR NET
+  Shr 1.32 dlrs vs 1.59 dlrs
+      Net 1,217,649 vs 1,471,824
+      Total income 1,896,018 vs 2,278,642
+      Nine mths
+      Shr 4.92 dlrs vs 5.38 dlrs
+      Net 4,553,380 vs 4,979,626
+      Total income 6,918,266 vs 8,134,313
+  
+
diff --git a/reuters/test/21037 b/reuters/test/21037
new file mode 100644
index 0000000000000000000000000000000000000000..c5744204db3a995116c702f852bcd201a766f517
--- /dev/null
+++ b/reuters/test/21037
@@ -0,0 +1,10 @@
+QUANTUM CORP <QNTM.O> 2ND QTR SEPT 27 NET
+  Shr 44 cts vs 30 cts
+      Net 4,057,000 vs 2,716,000
+      Sales 49.5 mln vs 29.6 mln
+      Six Mths
+      Shr six cts vs 55 cts
+      Net 518,000 vs 5,167,000
+      Sales 89.7 mln vs 54.9 mln
+  
+
diff --git a/reuters/test/21038 b/reuters/test/21038
new file mode 100644
index 0000000000000000000000000000000000000000..42a0bba0719782467cef21ba08547ce636818074
--- /dev/null
+++ b/reuters/test/21038
@@ -0,0 +1,8 @@
+TERMIFLEX CORP <TFLX.O> 1ST QTR SEPT 30 NET
+  Shr five cts vs seven cts
+      Net 64,652 vs 96,157
+      Sales 1,205,321 vs 1,499,591
+      NOTE: Backlog three mln dlrs vs 2,600,000 as of June 30,
+  1987.
+  
+
diff --git a/reuters/test/21039 b/reuters/test/21039
new file mode 100644
index 0000000000000000000000000000000000000000..1523b11ed006f42def70ce0fd2358a8763c3eef9
--- /dev/null
+++ b/reuters/test/21039
@@ -0,0 +1,8 @@
+DURAKON <DRKN.O> TO MAKE ACQUISITION
+  Durakon Industries Inc said it has
+  entered into a definitive agreement to acquire DFM Corp, a
+  maker of bug and gravel protective shields for trucks and cars,
+  for an undisclosed amount of cash and debentures, retroactive
+  to September One.
+  
+
diff --git a/reuters/test/21040 b/reuters/test/21040
new file mode 100644
index 0000000000000000000000000000000000000000..5cc0fe71f23e2864ccd23d269ada82606643311d
--- /dev/null
+++ b/reuters/test/21040
@@ -0,0 +1,21 @@
+ATLANTIS <AGH> MAY BID FOR CHARTER-CRELLIN<CRTR.O>
+  Atlantis Group Inc said it bought
+  100,000 shares of Charter-Crellin Inc common stock, or 6.3 pct
+  of the total outstanding, and may seek control in a negotiated
+  transaction.
+      In a filing with the Securities and Exchange Commission,
+  Atlantis said it has informally discussed a business
+  combination with Charter-Crellin management.
+      But the company said it has not held negotiations with
+  Charter-Crellin and does not intend to initiate further
+  discussions.
+      Pending development of specific proposals, Atlantis said it
+  will continue to purchase additional Charter-Crellin shares in
+  private or open market transactions depending on a range of
+  factors including the market price of the stock.
+      Atlantis said it bought its Charter-Crellin common stock in
+  open market transactions between September 22 and October 7 at
+  14.91 dlrs to 15.62 dlrs a share, or for a total of about 1.51
+  mln dlrs.
+  
+
diff --git a/reuters/test/21041 b/reuters/test/21041
new file mode 100644
index 0000000000000000000000000000000000000000..435fa3c90f5a3089d26ee1b9327dc922efb57344
--- /dev/null
+++ b/reuters/test/21041
@@ -0,0 +1,10 @@
+ALLWASTE <ALWS.O> TO MAKE ACQUISITION
+  Allwaste Inc said it has agreed in
+  principle to acquire a privately-held firm that performs
+  interior cleaning services for tank-trailers for 1,300,000
+  common shares.
+      It said the firm, which it did not name, earned about
+  1,500,000 dlrs pretax for the first nine mons of 1987.
+      The company said closing is expected by October 31.
+  
+
diff --git a/reuters/test/21042 b/reuters/test/21042
new file mode 100644
index 0000000000000000000000000000000000000000..bbff21a2095da998f072a31336615ef78daf7673
--- /dev/null
+++ b/reuters/test/21042
@@ -0,0 +1,11 @@
+TRAVELERS REAL ESTATE <TRAT.O> 3RD QTR NET
+  Shr 18 cts vs 27 cts
+      Net 444,387 vs 676,593
+      Revs 549,437 vs 764,901
+      Nine mths
+      Shr 67 cts vs 81 cts
+      Net 1,690,670 vs 2,031,937
+      Revs 1,986,938 vs 2,302,278
+      NOTE: Full name is Travelers Real Estate Investment Trust
+  
+
diff --git a/reuters/test/21044 b/reuters/test/21044
new file mode 100644
index 0000000000000000000000000000000000000000..b9c712b66639f5abbd83e92ca8abe586d80958ea
--- /dev/null
+++ b/reuters/test/21044
@@ -0,0 +1,10 @@
+NEW YORK TIMES CO <NYT> 3RD QTR NET
+  Shr 40 cts vs 33 cts
+      Net 32.6 mln vs 26.7 mln
+      Revs 406.5 mln vs 370.1 mln
+      Nine months
+      Shr 1.44 dlrs vs 1.20 dls
+      Net 117.8 mln vs 97.5 mln
+      Revs 1.2 billion vs 1.1 billion
+  
+
diff --git a/reuters/test/21045 b/reuters/test/21045
new file mode 100644
index 0000000000000000000000000000000000000000..80dd28054d94af67b87bccddc56f444d67ede043
--- /dev/null
+++ b/reuters/test/21045
@@ -0,0 +1,11 @@
+SAFEGUARD HEALTH <SFGD.O> 3RD QTR NET
+  Shr 11 cts vs five cts
+      Net 806,000 vs 384,000
+      Revs 18.0 mln vs 15.6 mln
+      Nine Mths
+      Shr 28 cts vs 17 cts
+      Net 2,105,000 vs 1,320,000
+      Revs 51.9 mln vs 46.1 mln
+      Note: Full name Safeguard Health Enterprises Inc.
+  
+
diff --git a/reuters/test/21046 b/reuters/test/21046
new file mode 100644
index 0000000000000000000000000000000000000000..81d9922e78046f2caad7f2dac2c6b8553d418e41
--- /dev/null
+++ b/reuters/test/21046
@@ -0,0 +1,28 @@
+HENLEY <HENG.O> ENDS TALKS WITH SANTE FE
+  Henley Group Inc said it ended
+  talks with Sante Fe Southern Pacific Corp concerning the
+  possible acquisition of Sante Fe's Southern Pacific
+  Transportation Co subsidiary.
+      The company also said it is reviewing its investment in
+  Santa Fe Southern Pacific in light of Sante Fe's announcement
+  that it recieved several bids ranging from 750 mln dlrs to more
+  than one billion dlrs for its Southern Pafific Transportation
+  subsidiary.
+     
+      Henley said it held discussions with Sante Fe concerning
+  the acquisition by Henley of Bankers Leasing and Financial Corp
+  and certain Sante Fe transportation and real estate assets.
+      Henley said it began talks with Sante Fe after it announced
+  its restructuring program in August 1987.
+      As previously disclosed, Henley made necessary filings
+  under the Hart-Scott-Rodino Antitrust Improvement Acts to
+  permit Henley to increase its investment in Sante Fe to 24.9
+  pct of the outstanding common stock from 5.03 pct.
+     
+      Henley said that depending on prevailing conditions,
+  including price and availability of Sante Fe stock, substantial
+  developments affecting Sante Fe, other investment and business
+  opportunities available to Henley, Henley may additional Sante
+  Fe shares, or sell all or part of its investment in Sante Fe.
+  
+
diff --git a/reuters/test/21047 b/reuters/test/21047
new file mode 100644
index 0000000000000000000000000000000000000000..c40a6709930d341e76237982dbcc1c8c3219b5bb
--- /dev/null
+++ b/reuters/test/21047
@@ -0,0 +1,10 @@
+MERCURY SAVINGS AND LOAN <MSL> 3RD QTR LOSS
+  Shr loss 39 cts vs profit 44 cts
+      Net loss 2,169,000 vs profit 2,417,000
+      Nine Mths
+      Shr profit 56 cts vs profit 1.68 dlrs
+      Net profit 3,111,000 vs profit 9,317,000
+      Note: Full name Mercury Savings and Loan Association
+  '
+  
+
diff --git a/reuters/test/21049 b/reuters/test/21049
new file mode 100644
index 0000000000000000000000000000000000000000..e3cf7e8e299f44ee8fbf0941c62329d1d9bee0ae
--- /dev/null
+++ b/reuters/test/21049
@@ -0,0 +1,10 @@
+BURNHAM SERVICE CORP <BSCO.O> 3RD QTR NET
+  Shr 45 cts vs 36 cts
+      Net 2,554,000 vs 1,954,000
+      Revs 44.4 mln vs 32.5 mln
+      Nine mths
+      Shr 1.00 dlrs vs 75 cts
+      Net 5,461,000 vs 3,756,000
+      Revs 109.5 mln vs 89.9 mln
+  
+
diff --git a/reuters/test/21050 b/reuters/test/21050
new file mode 100644
index 0000000000000000000000000000000000000000..aa356f2954b64bd63a06383fcc85aed2b95cd168
--- /dev/null
+++ b/reuters/test/21050
@@ -0,0 +1,12 @@
+TEXAS AMERICAN BANCSHARES <TXA> TO SELL UNIT
+  Texas American Bancshares Inc
+  said it agreed to sell its Texas American Bank/Levelland unit
+  to <First American Bancorp Inc> for about 12 mln dlrs in cash.
+      Texas American said regulatory approval ofthe transaction
+  is expected in December, and the sale will close shortly
+  thereafter.
+      Once the sale is completed, the unit's name will change to
+  First American Bank of Texas. The unit reported total assets of
+  196.7 mln dlrs on Juen 30, 1987.
+  
+
diff --git a/reuters/test/21051 b/reuters/test/21051
new file mode 100644
index 0000000000000000000000000000000000000000..49b073de0c4c777066dd9565fb4f0f68fcbe4389
--- /dev/null
+++ b/reuters/test/21051
@@ -0,0 +1,14 @@
+SUPERMARKETS GENERAL <SGL> SELLS 11 DRUG STORES
+  Supermarkets General Corp said it
+  agreed to sell 11 super drug stores to <F and M Distributors>.
+      The nine existing and two unopened stores are located in
+  Maryland, Virginia and upstate New York and are operated under
+  the Pathmark Super Drug trade name, the company said.
+      Terms of the transaction were not disclosed.
+      The nine existing stores generated approximately 34.8 mln
+  dlrs of Supermarkets General's total sales of 2.9 billion
+  during the six-month period ended Aug One, 1987.
+      F and M Distributors operates 42 discount drug stores in
+  Michigan, Ohio, Illinois, Indiana and Wisconsin.
+  
+
diff --git a/reuters/test/21053 b/reuters/test/21053
new file mode 100644
index 0000000000000000000000000000000000000000..9438615584a97a6efb1c51aa28eab4fafebf9887
--- /dev/null
+++ b/reuters/test/21053
@@ -0,0 +1,13 @@
+ERC INTERNATIONAL INC <ERC> 3RD QTR NET
+  Shr 31 cts vs nine cts
+      Net 1,345,000 vs 368,000
+      Revs 31.9 mln vs 26.4 mln
+      Nine mths
+      Shr 91 cts vs 40 cts
+      Net 3,890,000 vs 3,556,000
+      Revs 89.3 mln vs 71.7 mln
+      NOTE: 1986 qtr and nine mths include loss 831,000 dlrs, or
+  19 cts per share, and loss 1,872,000 dlrs, or 44 cts per share,
+  respectively, from discontinued operations.
+  
+
diff --git a/reuters/test/21055 b/reuters/test/21055
new file mode 100644
index 0000000000000000000000000000000000000000..aa20dcbe6af909aeaebf29c28bdcba6ca043001d
--- /dev/null
+++ b/reuters/test/21055
@@ -0,0 +1,12 @@
+PAINEWEBBER GROUP INC <PWG> 3RD QTR NET
+  Shr 44 cts vs 71 cts
+      Net 14.8 mln vs 21.1 mln
+      Revs 628.6 mln vs 605.6 mln
+      Avg shrs 30,743,000 vs 26,969,000
+      Nine mths
+      Shr 2.01 dlrs vs 1.93 dlrs
+      Net 65.0 mln vs 57.4 mln
+      Revs 1.89 billion vs 1.81 billion
+      Avg shrs 30,782,000 vs 26,619,000
+  
+
diff --git a/reuters/test/21058 b/reuters/test/21058
new file mode 100644
index 0000000000000000000000000000000000000000..0212fc6a9ab83c02e98eb991a06671b8e53d3dad
--- /dev/null
+++ b/reuters/test/21058
@@ -0,0 +1,3 @@
+19-OCT-1987
+  19-OCT-1987
+
diff --git a/reuters/test/21059 b/reuters/test/21059
new file mode 100644
index 0000000000000000000000000000000000000000..f2971a7cfcef58e1cd1bada6f84c1e64235a914f
--- /dev/null
+++ b/reuters/test/21059
@@ -0,0 +1,5 @@
+ATLANTIS GROUP TELLS SEC IT SEEKS NEGOTIATED PURCHASE OF CHARTER-CRELLIN
+
+  ATLANTIS GROUP TELLS SEC IT SEEKS NEGOTIATED PURCHASE OF CHARTER-CRELLIN
+  
+
diff --git a/reuters/test/21060 b/reuters/test/21060
new file mode 100644
index 0000000000000000000000000000000000000000..28278005fb83701228fb4b8793903840605db7e2
--- /dev/null
+++ b/reuters/test/21060
@@ -0,0 +1,15 @@
+DYNASCAN <DYNA.O> COMPLETES MANAGEMENT BUYOUT
+  Dynascan Corp said it completed the sale
+  of its industrial electronic products group and expects to 
+  recognize about a 3.0 mln dlr pretax gain on the transaction in
+  the fourth quarter.
+      It said the group was sold October 15 for 13.5 mln dlrs to
+  Maxtec International Corp, a privately held company created by
+  the company's management team.
+      It said the purchase price was 12 mln dlrs in cash and 1.5
+  mln dlrs in five-year notes plus warrants to buy 7.0 pct of the
+  stock of Maxtec.
+      Dynascan said the group was projected to provide about 12
+  pct of its consolidated sales in 1987.
+  
+
diff --git a/reuters/test/21061 b/reuters/test/21061
new file mode 100644
index 0000000000000000000000000000000000000000..883b65e87ebc0938e67b34584a144d48a85fe8a2
--- /dev/null
+++ b/reuters/test/21061
@@ -0,0 +1,5 @@
+HENLEY GROUP REVIEWING INVESTMENT IN SANTA FE SOUTHERN PACIFIC
+
+  HENLEY GROUP REVIEWING INVESTMENT IN SANTA FE SOUTHERN PACIFIC
+  
+
diff --git a/reuters/test/21063 b/reuters/test/21063
new file mode 100644
index 0000000000000000000000000000000000000000..a38072520c94f45b1a0d2e89e1ffcce68f11c642
--- /dev/null
+++ b/reuters/test/21063
@@ -0,0 +1,5 @@
+HENLEY GROUP SAID IT ENDED TALKS ON BUYING SOUTHERN PACIFIC FROM SANTA FE SOUTHERN 
+
+  HENLEY GROUP SAID IT ENDED TALKS ON BUYING SOUTHERN PACIFIC FROM SANTA FE SOUTHERN 
+  
+
diff --git a/reuters/test/21065 b/reuters/test/21065
new file mode 100644
index 0000000000000000000000000000000000000000..7d6f760c79925c5e126f1729d2ba4d6cd90d30b8
--- /dev/null
+++ b/reuters/test/21065
@@ -0,0 +1,18 @@
+RENTA INMOBILIARIA SEEKS CANNON GROUP <CAN> ASSETS
+  Spanish property firm <Renta Inmobiliaria
+  SA> is negotiating to buy the property assets of U.S. media
+  company Cannon Group Inc <CAN>, Renta's finance director Jose
+  Luis Sanchez said.
+      Sanchez told Reuters that Renta's chairman Juan Antonio
+  Robles was currently in the U.S. to negotiate the deal but
+  declined to give other details.
+      Interpart, a Luxembourg-based holding company chaired by
+  Italian financier Giancarlo Paretti, payed around 12.2 billion
+  pesetas in July to acquire a 63.5 pct stake in Renta
+  Inmobiliaria.
+      The Spanish daily newspaper El Pais said the Cannon
+  property assets sought by Renta included the Elstree film
+  studios in Britain and a chain of movie-theaters in Europe and
+  the U.S.
+  
+
diff --git a/reuters/test/21067 b/reuters/test/21067
new file mode 100644
index 0000000000000000000000000000000000000000..a94fd9173a2b4809053d7d92250bcef3f42f6d79
--- /dev/null
+++ b/reuters/test/21067
@@ -0,0 +1,11 @@
+SOUTHLAND <SLC> UNIT RAISES CRUDE OIL PRICES
+  Citgo Petroleum Corp, a subsidiary of
+  Southland Corp, said it raised the contract price it will pay
+  for all grades of crude oil by 50 cts a barrel, effective Oct
+  16
+      The increase brings Citgo's postings for the West Texas
+  Intermediate and West Texas Sour grades to 19.00 dlrs/barrel,
+  while Light Louisiana SWeet is now priced at 19.35 dlrs.
+      Citgo last changed it crude oil postings on Sept 9.
+  
+
diff --git a/reuters/test/21071 b/reuters/test/21071
new file mode 100644
index 0000000000000000000000000000000000000000..162ad2a20b15717dd3d3efbb999c05cd1de8c808
--- /dev/null
+++ b/reuters/test/21071
@@ -0,0 +1,12 @@
+GROUP SELLS MOST OF STAKE IN CCX INC <CCX>
+  A shareholder group including Far
+  Hills, N.J. attorney Natalie Koether said it reduced its stake
+  in CCX Inc common stock to 10,000 shares, or less than one pct
+  of the company's common stock outstanding, from a previous
+  stake of about ten pct.
+      In a filing with the Securities and Exchange Commission,
+  the group said it sold 380,000 CCX common shares on October 15
+  at four dlrs a share.
+      The group gave no reason for the sales.
+  
+
diff --git a/reuters/test/21073 b/reuters/test/21073
new file mode 100644
index 0000000000000000000000000000000000000000..393838de16f98b7c652d00791efa21c79a296457
--- /dev/null
+++ b/reuters/test/21073
@@ -0,0 +1,14 @@
+ORION <OC> HAS 5.2 PCT TWIN DISC <TDI> STAKE
+  Orion Capital Corp said it acquired
+  163,000 shares of Twin Disc Inc common stock, or 5.2 pct of the
+  company's common stock outstanding.
+      In a filing with the Securities and Exchange Commission,
+  Orion Capital said the stock represents "a favorable investment
+  opportunity at current market prices."
+      In open market transactions between August 21 and October
+  16, an Orion Capital subsidiary bought 56,200 Twin Disc common
+  shares at 21.06 dlrs to 22.43 dlrs a share. The entire 5.2 pct
+  stake was purchased at a cost of 3.2 mln dlrs, Orion Capital
+  told the SEC.
+  
+
diff --git a/reuters/test/21076 b/reuters/test/21076
new file mode 100644
index 0000000000000000000000000000000000000000..eb0f4beb3f14f531bcc12de1a82f949730d24da9
--- /dev/null
+++ b/reuters/test/21076
@@ -0,0 +1,9 @@
+VENEZUELA SEES OIL STABILITY DESPITE GULF ATTACK
+  Venezuelan Energy Minister Arturo
+  Hernandez Grisanti said he foresaw market stability in the
+  price of crude, despite growing tension in the Gulf augmented
+  by the U.S. military attack on an Iranian oil platform.
+      He told a news conference the market continues to be stable
+  despite all the military action in the Gulf.
+  
+
diff --git a/reuters/test/21077 b/reuters/test/21077
new file mode 100644
index 0000000000000000000000000000000000000000..5aa575704e67eb51854b8ad5e12a3e8afbad29cb
--- /dev/null
+++ b/reuters/test/21077
@@ -0,0 +1,7 @@
+<EUROPEAN AMERICAN BANCORP> 3RD QTR NET
+  Net 13,185,000 vs 6,715,000
+      Nine mths
+      Net 26.2 mln vs 15.3 mln
+      NOTE: Company is owned by a consortium of European banks.
+  
+
diff --git a/reuters/test/21078 b/reuters/test/21078
new file mode 100644
index 0000000000000000000000000000000000000000..defa20475cf5ec73aa7fb619e486a87bd813da00
--- /dev/null
+++ b/reuters/test/21078
@@ -0,0 +1,34 @@
+NORTHEAST SAVINGS <NSB> ADOPTS RIGHTS PLAN
+  Northeast Savings F.A. said its
+  board adopted a shareholder rights plan designed to protect the
+  company from coercive takeover tactics and bids not fair to all
+  sharholders.
+      Under the plan, the board declared a dividend of one share
+  purchase right for each of the Northeast common shares held of
+  record as of November two, the company said.
+      Initially, the rights are not exerciseable, rights
+  certificates are not distributed, and the rights automatically
+  trade with Northeast's shares, the company said.
+      However, 20 days following the acquisition of 20 pct or
+  more of Northeast's common shares shares or 20 days following
+  the commencement of a tender offer for 30 pct or more of
+  Northeast's shares, the rights will become exerciseable and
+  separate rights certificates will be distributed, the company
+  said.
+      The rights will entitle holders of Northeast's common
+  shares to purchase additional shares at an exercise price of 60
+  dlrs a share, the company said.
+      The company said that in the event of certain triggering
+  events described in the rights plan, holders of the rights,
+  other than an acquiring person, will be entitled to acquire
+  Northeast's common shares having a market value of twice the
+  then-current exercise price of the rights. Also, in the event
+  Northeast enters into certain business combination
+  transactions, holders of the rights will be provided a right to
+  acquire equity securities of the acquiring entity having a
+  market value of twice the then-current exercise price of the
+  rights, the company said. Northeast said it will be entitled to
+  redeem the rights at one cent per right until the occurence of
+  certain events.
+  
+
diff --git a/reuters/test/21080 b/reuters/test/21080
new file mode 100644
index 0000000000000000000000000000000000000000..7c2bcd961ea8c22359c882ebe108e3ca41f00767
--- /dev/null
+++ b/reuters/test/21080
@@ -0,0 +1,30 @@
+U.S. DRAFTS SANCTIONS IN ARGENTINA SOY CASE
+  The U.S. is drafting options including
+  possible trade retaliation against Argentina in a dispute over
+  the differential between soybean and product  taxes which
+  Buenos Aires levies on exports.
+      The drafting of retaliation options follows the failure
+  of high-level talks earlier this month to resolve a case filed
+  by the U.S. National Soybean Processors Association, U.S.
+  officials said. The NSPA charged that Argentina's differential
+  export taxes implicitly subsidize soyproduct exports in
+  competition with the U.S.
+      "Our only option is some sort of retaliation to restrict
+  (Argentine) access to our market," said one U.S. source.
+     
+      The U.S. shelved the NSPA case earlier this year after
+  Trade Representative Clayton Yeutter said Argentina agreed to
+  end the differential.
+      But when Argentina announced export taxes for the 1987/88
+  year in July, the differential was narrowed only one pct.
+      Deputy trade representative Michael Smith met Agriculture
+  minister Ernesto Figuerras and Economy minister Juan Sourroille
+  on September 29 and the Argentine officials said they could not
+  narrow the differential further for 1987/88.
+      As a result of the impasse, the U.S. is considering
+  restrictions on imports of items such as Argentine corned beef
+  and finished leather, the U.S. sources said.
+      A decision on reprisals is likely to be made by the Reagan
+  administration soon, they said.
+  
+
diff --git a/reuters/test/21081 b/reuters/test/21081
new file mode 100644
index 0000000000000000000000000000000000000000..a18cca202ecb88fa022cadbd6824a018bdf802aa
--- /dev/null
+++ b/reuters/test/21081
@@ -0,0 +1,11 @@
+KAUFEL GROUP LTD (KFL.TO) 4TH QTR AUG 31 NET
+  Shr 17 cts vs 13 cts
+       Net 2.1 mln vs 1.03 mln
+       Revs 15.6 mln vs 12 mln
+       Nine mths
+       Shr 58 cts vs 37 cts
+       Net 6.9 mln vs 3.7 mln
+       Revs 56.2 mln vs 27.5 mln
+       Avg shrs 11.9 mln vs 10.0 mln
+  
+
diff --git a/reuters/test/21082 b/reuters/test/21082
new file mode 100644
index 0000000000000000000000000000000000000000..0212fc6a9ab83c02e98eb991a06671b8e53d3dad
--- /dev/null
+++ b/reuters/test/21082
@@ -0,0 +1,3 @@
+19-OCT-1987
+  19-OCT-1987
+
diff --git a/reuters/test/21091 b/reuters/test/21091
new file mode 100644
index 0000000000000000000000000000000000000000..61ae1e8bfdb2db91e7fe68025eec695e0056ec13
--- /dev/null
+++ b/reuters/test/21091
@@ -0,0 +1,5 @@
+U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS,  SOYBEANS 16,333 WHEAT 30,917 CORN 36,781
+
+  U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS,  SOYBEANS 16,333 WHEAT 30,917 CORN 36,781
+  
+
diff --git a/reuters/test/21093 b/reuters/test/21093
new file mode 100644
index 0000000000000000000000000000000000000000..49eef6706d1cc44f304bfcc7ab8015774e946e16
--- /dev/null
+++ b/reuters/test/21093
@@ -0,0 +1,10 @@
+CCR VIDEO <CCCR.O> IN TALKS ON BEING ACQUIRED
+  CCR Video Corp said it has received
+  an offer to enter into negotiations for <Intercep Investment
+  Corp> to acquire a controlling interest through a tender offer.
+      The company said "The negotiations would determine the
+  terms under which the CCR board of directors could support the
+  INTERCEP tender offer."
+      It gave no further details.
+  
+
diff --git a/reuters/test/21095 b/reuters/test/21095
new file mode 100644
index 0000000000000000000000000000000000000000..a0e248ed0497a1db20a0365f0f81ff2ff2f5a971
--- /dev/null
+++ b/reuters/test/21095
@@ -0,0 +1,12 @@
+FIRST BOSTON INC <FBC> 3RD QTR NET
+  Shr primary 1.15 dlrs vs 76 cts
+      Shr fully diluted 1.15 dlrs vs 76 cts
+      Net 40.8 mln vs 27.1 mln
+      Revs 369.6 mln vs 263.2 mln
+      Nine mths
+      Shr primary 2.95 dlrs vs 3.44 dlrs
+      Shr fully diluted 2.95 dlrs vs 3.33 dlrs
+      Net 103.8 mln vs 119.0 mln
+      Revs 1.06 billion vs 897.8 mln
+  
+
diff --git a/reuters/test/21096 b/reuters/test/21096
new file mode 100644
index 0000000000000000000000000000000000000000..a1502878492dad4cbd58d919d0918077640defb7
--- /dev/null
+++ b/reuters/test/21096
@@ -0,0 +1,14 @@
+ITALY SHOWS SEPTEMBER OVERALL PAYMENTS SURPLUS
+  Italy's overall balance of payments showed a
+  919 billion lire surplus in September against a deficit of
+  1,026 billion in August, provisional Bank of Italy figures
+  showed.
+      The September surplus compared with a shortfall of 1,697
+  billion lire in September 1986. For the first nine months of
+  1987, the overall balance of payments showed a deficit of 1,921
+  billion lire against a 1,725 billion deficit in the same 1986
+  period.
+      The central bank said Italy's one billion dlr Eurobond
+  launched last month contributed to September's surplus.
+  
+
diff --git a/reuters/test/21097 b/reuters/test/21097
new file mode 100644
index 0000000000000000000000000000000000000000..514ae5c2e76a2bd89685702219377f1ad8b7c193
--- /dev/null
+++ b/reuters/test/21097
@@ -0,0 +1,14 @@
+WILLIS FABER NOT SELLING MORGAN GRENFELL STAKE
+  <Willis Faber Plc> said its 20.8 pct
+  holding in stockbrokers Morgan Grenfell Group Plc <MGFL.L> was
+  not up for sale.
+      The insurance broker issued a statement in reply to recent
+  press speculation which it said was in part "inaccurate and
+  undesirable."
+      "Willis Faber has not received any offers for its stake in
+  Morgan Grenfell," it said, adding that an offer would have to be
+  considered on its merits.
+      "Willis Faber's stake in Morgan Grenfell has been a very
+  successful investment," it said.
+  
+
diff --git a/reuters/test/21100 b/reuters/test/21100
new file mode 100644
index 0000000000000000000000000000000000000000..2c5f0a82b65f7164aed86d9d7b28df544348547f
--- /dev/null
+++ b/reuters/test/21100
@@ -0,0 +1,12 @@
+TRAVELERS REALTY INCOME <TRIIS.O> 3RD QTR NET
+  Shr 22 cts vs 57 cts
+      Net 504,808 vs 1,281,781
+      Revs 633,119 vs 1,396,703
+      Nine mths
+      Shr 87 cts vs 1.32 dlrs
+      Net 1,959,385 vs 2,986,379
+      Revs 2,342,322 vs 3,346,555
+      NOTE: Full name of trust is Travelers Realty Income
+  Investors
+  
+
diff --git a/reuters/test/21103 b/reuters/test/21103
new file mode 100644
index 0000000000000000000000000000000000000000..28ba70dc19d8b14790f3898eda9c4e203bf54b89
--- /dev/null
+++ b/reuters/test/21103
@@ -0,0 +1,21 @@
+SOCIETY FOR SAVINGS BANCORP <SOCS.O> 3RD QTR
+  Shr 75 cts vs 55 cts
+      Net 8,031,000 vs 5,819,000
+      Nine mths
+      Shr 2.16 dlrs vs 1.42 dlrs
+      Net 23.2 mln vs 15.1 mln
+      Assets 3.41 billion vs 2.84 billion
+      Deposits 2.54 billion vs 2.19 billion
+      NOTE: 1987 nine mths includes gain 1,008,000 dlrs, or nine
+  cts per share, from utilization of prior year's net operating
+  loss carryforwards.
+     
+      NOTE: 1986 qtr and nine mths include loss 131,000 dlrs, or
+  one cent per share, from unspecified extraordinary item.
+      1986 qtr and nine mths includes gain 2,281,000 dlrs, or 22
+  cts per share, and 6,393,000 dlrs, or 60 cts per share,
+  respectively, from utilization of net operating loss
+  carryforwards.
+      full name of company is society for savings bancorp inc.
+  
+
diff --git a/reuters/test/21105 b/reuters/test/21105
new file mode 100644
index 0000000000000000000000000000000000000000..3f3c7e6bfefc2c063bb9aa9388fbf1210011ae65
--- /dev/null
+++ b/reuters/test/21105
@@ -0,0 +1,8 @@
+PROGRESSIVE BANK INC <PSBK.O> 3RD QTR NET
+  Shr 88 cts vs 73 cts
+      Net 2,580,000 vs 2,147,000
+      Nine mths
+      Shr 2.48 dlrs vs 2.33 dlrs
+      Net 7,266,000 vs 5,948,000
+  
+
diff --git a/reuters/test/21106 b/reuters/test/21106
new file mode 100644
index 0000000000000000000000000000000000000000..e2c2333d3e90a74585b4bd5c5a990f857e8175c0
--- /dev/null
+++ b/reuters/test/21106
@@ -0,0 +1,10 @@
+WASHINGTON WATER POWER <WWP> 3RD QTR LOSS
+  Shr loss 12 cts vs profit two cts
+      Net loss 2,669,000 vs profit 528,000
+      Revs 79.8 mln vs 74.9 mln
+      Nine mths
+      Shr profit 64 cts vs profit 1.63 dlrs
+      Net profit 14.3 mln vs profit 35.7 mln
+      Revs 280.0 mln vs 288.8 mln
+  
+
diff --git a/reuters/test/21109 b/reuters/test/21109
new file mode 100644
index 0000000000000000000000000000000000000000..2eee9dea07c76d610f60b4e44a0e82812dace412
--- /dev/null
+++ b/reuters/test/21109
@@ -0,0 +1,13 @@
+BELLSOUTH CORP <BLS> 3RD QTR NET
+  Shr 87 cts vs 84 cts
+      Net 418.6 mln vs 399.2 mln
+      Revs 3.12 billion vs 2.89 billion
+      Nine mths
+      Shr 2.61 dlrs vs 2.62 dlrs
+      Net 1.25 billion vs 1.23 billion
+      Revs 9.10 billion vs 8.62 billion
+      Avg shrs 481.4 mln vs 473.6 mln
+      NOTE: Share adjusted for three-for-two stock split in
+  February 1987.
+  
+
diff --git a/reuters/test/21112 b/reuters/test/21112
new file mode 100644
index 0000000000000000000000000000000000000000..3d0dae2bfd47b791bc2cb6324c627e15109a3b9b
--- /dev/null
+++ b/reuters/test/21112
@@ -0,0 +1,13 @@
+RTE CORP <RTE> 3RD QTR NET
+  Shr profit 55 cts vs loss 12 cts
+      Net profit 3,998,000 vs loss 915,000
+      Sales 93.8 mln vs 80.9 mln
+      Nine mths
+      Shr profit 1.71 dlrs vs profit 95 cts
+      Net profit 12,641,000 vs profit 7,282,000
+      Sales 260.9 mln vs 249 mln
+      Note: 1986 figures include a five mln dlr or 65 cts a share
+  charge for electronics restructuring and 1.7 mln dlr charge
+  from early retirement of 12 mln dlrs in long-term notes
+  
+
diff --git a/reuters/test/21113 b/reuters/test/21113
new file mode 100644
index 0000000000000000000000000000000000000000..fae055111d238cc0fded740fac262509c10b94c0
--- /dev/null
+++ b/reuters/test/21113
@@ -0,0 +1,11 @@
+COMERICA INC <CMCA.O> 3RD QTR NET
+  Shr 2.17 dlrs vs 1.42 dlrs
+      Net 24,907,000 vs 16,117,000
+      Nine mths
+      Shr 4.05 dlrs vs 3.75 dlrs
+      Net 47,105,000 vs 42,874,000
+      Assets 9.66 billion vs 9.25 billion
+      Deposits 8.06 billion vs 7.80 billion
+      Loans 842.5 mln vs 711.1 mln
+  
+
diff --git a/reuters/test/21114 b/reuters/test/21114
new file mode 100644
index 0000000000000000000000000000000000000000..a458dcc1ad0705530b727d78416875921cbcd074
--- /dev/null
+++ b/reuters/test/21114
@@ -0,0 +1,13 @@
+ST. JOSEPH LIGHT <SAJ> 3RD QTR NET
+  Shr 84 cts vs 86 cts
+      Net 3,893,000 vs 4,054,000
+      Revs 21.0 mln vs 21.2 mln
+      Nine Mths
+      Shr 1.88 dlrs vs 1.87 dlrs
+      Net 8,707,000 vs 8,848,000
+      Revs 57.9 mln vs 59.1 mln
+      NOTE: 1986 per share adjusted for three for two stock split
+  effective June 1, 1987.
+      St. Joseph Light and Power Co is full name of company.
+  
+
diff --git a/reuters/test/21117 b/reuters/test/21117
new file mode 100644
index 0000000000000000000000000000000000000000..6667a8459a655640cb5916da849f9ead94858fc1
--- /dev/null
+++ b/reuters/test/21117
@@ -0,0 +1,14 @@
+TRW INC <TRW> 3RD QTR NET
+  Shr 1.04 dlrs vs 67 cts
+      Shr diluted 1.01 dlrs vs 66 cts
+      Net 63.2 mln vs 40.5 mln
+      Sales 1.70 billion vs 1.43 billion
+      Nine mths
+      Shr 2.91 dlrs vs 2.88 dlrs
+      Shr diluted 2.85 dlrs vs 2.82 dlrs
+      Net 176.5 mln vs 172.7 mln
+      Sales 5.08 billion vs 4.49 billion
+      Avg shrs 60.3 mln vs 59.6 mln 
+      Avg shrs diluted 62.0 mln vs 61.3 mln
+  
+
diff --git a/reuters/test/21122 b/reuters/test/21122
new file mode 100644
index 0000000000000000000000000000000000000000..e8f55063dcc7a7d6765c33af90cbbb579e659862
--- /dev/null
+++ b/reuters/test/21122
@@ -0,0 +1,13 @@
+BALLADUR URGES G-7 TO RESPECT LOUVRE ACCORD
+  French Finance Minister Edouard Balladur
+  said the Group of Seven (G-7) industrial countries should
+  respect pledges on monetary policy made in the February Louvre
+  accord on currency stability.
+      "We have to strengthen the cooperation between the seven
+  major industrial countries and remind ourselves of the pledges
+  we made at the Louvre," he told journalists.
+      "They were not simply pledges to maintain currency
+  stability, but also to conduct a certain type of economic and
+  monetary policy," he added.
+  
+
diff --git a/reuters/test/21123 b/reuters/test/21123
new file mode 100644
index 0000000000000000000000000000000000000000..ba69ea6aaedde62aec6b423dd6010af24d3dce08
--- /dev/null
+++ b/reuters/test/21123
@@ -0,0 +1,31 @@
+SOVIET 1988 GRAIN TARGET INDICATES 1987 OUTPUT
+  Recent announcements from Moscow of
+  next year's grain production targets indicate that the Soviets
+  are estimating this year's grain crop at 205 to 213 mln tonnes,
+  Agriculture Department analysts said.
+      USDA is projecting the Soviet crop at 210 mln tonnes, but
+  some earlier estimates from Soviet officials were that the 1987
+  grain crop could match the 1978 record of 237 mln tonnes.
+      Moscow outlined its economic targets for 1988 on Monday,
+  putting the grain harvest goal at 235 mln tonnes. An analyst of
+  Soviet agriculture at USDA noted that a recent article in
+  Izvestia said Soviet grain production in 1988 is planned to be
+  "25 to 30 mln tonnes more than expected this year."
+      "This indicates that their own estimate is for a 205 to 213
+  mln tonne (grain) crop," the analyst said.
+     
+      In calculating Moscow's crop estimate, USDA used the 235
+  mln tonne production goal, as well as a 238 mln tonne figure
+  published in a Soviet economic journal this month.
+      USDA's production estimate of 210 mln tonnes reflects a
+  range of 207 to 212 mln tonnes, a USDA source said.
+      Late season rains damaged Soviet crops, slowed harvest
+  progress and lowered Soviet production, analysts said.
+      While in the U.S. earlier this month, Soviet agriculture
+  official Viktor Nikonov predicted that the grain crop would be
+  as good or better than last year's 210 mln tonne harvest.
+      A member of Nikonov's party commented that although 230 mln
+  tonnes of grain were in the fields, harvest problems would
+  bring the final crop down to around 210 mln tonnes.
+  
+
diff --git a/reuters/test/21124 b/reuters/test/21124
new file mode 100644
index 0000000000000000000000000000000000000000..af05189313c0229581bd61cda6d28d44556b09e4
--- /dev/null
+++ b/reuters/test/21124
@@ -0,0 +1,5 @@
+CANADA 750 MLN DLR T-BILL ISSUE YIELD AVERAGE 8.60 PCT - OFFICIAL           
+
+  CANADA 750 MLN DLR T-BILL ISSUE YIELD AVERAGE 8.60 PCT - OFFICIAL           
+  
+
diff --git a/reuters/test/21128 b/reuters/test/21128
new file mode 100644
index 0000000000000000000000000000000000000000..6721fe3899d524a01dc5fc5cf7c91496750904ea
--- /dev/null
+++ b/reuters/test/21128
@@ -0,0 +1,13 @@
+FED'S JOHNSON SAYS LOUVRE ACCORD STILL VITAL
+  Federal Reserve Board Vice Chairman
+  Manuel Johnson said the Louvre Accord is still healthy, but
+  said the United States and West Germany must work out
+  differences over their respective roles in fulfilling the
+  accord.
+      "The Louvre Accord has worked very well in terms of
+  stabilizing exchange rates," he said in response to a question
+  during an American Stock Exchange conference here.
+      He said exchange rates have been stable so far in 1987 as a
+  result of the accord.
+  
+
diff --git a/reuters/test/21129 b/reuters/test/21129
new file mode 100644
index 0000000000000000000000000000000000000000..82600b98294ad116c5281a060bbfe19a06ee9a19
--- /dev/null
+++ b/reuters/test/21129
@@ -0,0 +1,12 @@
+M.A. HANNA CO <HNM> TO ACQURE <PMS CONSOLIDATED>
+  M.A. Hanna Co said it has reached 
+  definitive agreement to purchase PMS Consolidated, a privately
+  owned manufacturer of colorants for the plastics industry.
+      M.A. Hanna said the purchase, which is subject to certain
+  conditions, is scheduled to close around the end of October.
+  Hanna announced last August that it was in negotiaitons to
+  purchase the company.
+      Headquartered in Somerset, N.J., PMS reported over 70 mln
+  dlrs in revenues in its last fiscal year, which ended May 1987.
+  
+
diff --git a/reuters/test/21130 b/reuters/test/21130
new file mode 100644
index 0000000000000000000000000000000000000000..9415e9491255b77794e603391a7e9ce756970afc
--- /dev/null
+++ b/reuters/test/21130
@@ -0,0 +1,14 @@
+FED'S JOHNSON SEES EASING OF INFLATIONARY FEARS
+  Federal Reserve Board Vice-Chairman
+  Manuel Johnson said the inflationary expectations in the
+  financial markets have eased since the Fed's last half-point
+  increase in its discount rate to 6.0 pct.
+      "We have seen the kind of expectational forces develop I
+  think that we've been satisfied with since our last discount
+  rate move," Johnson said.
+      Fed Chairman Alan Greenspan has said the most recent
+  discount rate increase on September 4 was largely aimed at
+  quelling inflationary fears in financial markets which he said
+  were largely unfounded.
+  
+
diff --git a/reuters/test/21131 b/reuters/test/21131
new file mode 100644
index 0000000000000000000000000000000000000000..e2c346c272b4a7d2bf8599d4b1ba6994a6a339b2
--- /dev/null
+++ b/reuters/test/21131
@@ -0,0 +1,62 @@
+AMPLE SUPPLIES LIMIT U.S. STRIKE'S OIL PRICE IMPACT
+  Ample supplies of OPEC crude weighing on
+  world markets helped limit and then reverse oil price gains
+  that followed the U.S. Strike on an Iranian oil platform in the
+  Gulf earlier on Monday, analysts said.
+      December loading rose to 19.65 dlrs, up 45 cents before
+  falling to around 19.05/15 later, unchanged from last Friday.
+      "Fundamentals are awful," said Philip Lambert, analyst with
+  stockbrokers Kleinwort Grieveson, adding that total OPEC
+  production in the first week of October could be above 18.5 mln
+  bpd, little changed from September levels.
+      Peter Nicol, analyst at Chase Manhattan Bank, said OPEC
+  production could be about 18.5-19.0 mln in October. Reuter and
+  International Energy Agency (IEA) estimates put OPEC September
+  production at 18.5 mln bpd.
+      The U.S. Attack was in retaliation of last Friday's hit of
+  a Kuwaiti oil products tanker flying the U.S. Flag, the Sea
+  Isle City. It was struck by a missile, believed to be Iranian,
+  in Kuwaiti waters, and was the first hit on a U.S. Flag
+  commercial vessel in the seven year Iran/Iraq war.
+      The U.S. Owned Liberian flag tanker Sungari was hit in the
+  area on Thursday, also believed struck by an Iranian missile.
+      Refiners were not significant purchasers of physical oil on
+  Monday as a result increased Gulf tension following the U.S.
+  Attack, analysts said.
+      They said a closure of the Strait of Hormuz, through which
+  around eight mln bpd passes, isnlikely because it is not in
+  the interests of the U.S. Or Iran, they said.
+      Any threat to oil supplies would stem from an increase in
+  the number of tanker attacks as part of a widening of Gulf
+  hostilities, analysts said.
+      But they saw the U.S. Strike as a limited reply to Iranian
+  missile attacks, with some describing it as responsible.
+      Geoffrey Pyne, analyst at stockbrokers Phillips and Drew,
+  said he was impressed by the sensible U.S. Response.
+      "The U.S. Has thought carefully about what would correspond
+  to Iranian agression. They have proved to the Iranians that any
+  further action will be met with a like-for-like response.
+  Today's action by the U.S. Was not escalatory," Pyne said.
+      Kleinwort Grieveson's Lambert said the U.S. Strike was "a
+  responsible retaliation," with the U.S. Apparently indicating to
+  Iran that it could increase the severity of its attacksf Iran
+  chose to raise the level of conflict.
+      Chase Manhattan's Nicol took a different view, however.
+      He said he was unable to see what the U.S. Had achieved as
+  Arab states such as Kuwait and Saudi Arabia, whose interests
+  the U.S. Is supposedly defending, will feel less secure as a
+  result of the U.S. Attack and fear some sort of Iranian
+  retaliation.
+      The initial upward market move this morning reflected a
+  strong speculative reaction to rumours of a U.S. Attack which
+  was thought at one stage to have been against Iranian missile
+  launchers on the Faw Peninsula, close to Kuwait, analysts said.
+      The later downtrend followed confirmation of a U.S. Navy
+  attack on an Iranian oil platform by the U.S. Defence Secretary
+  Caspar Weinburger.
+      Market operators were able to evaluate the situation in the
+  Gulf on the basis of confirmed fact, and finding it less
+  serious than first thought, took profits, taking prices lower,
+  analysts and traders said.
+  
+
diff --git a/reuters/test/21132 b/reuters/test/21132
new file mode 100644
index 0000000000000000000000000000000000000000..ab9a93974083f4069352a8999805e24be4c33a30
--- /dev/null
+++ b/reuters/test/21132
@@ -0,0 +1,8 @@
+<TOTAL RESEARCH CORP> FISCAL 1987 NET
+  June 30 end
+      Shr 0.3 ct vs four cts
+      Net 18,463 vs 174,486
+      Revs 5,074,686 vs 4,181,978
+      Avg shrs 5,624,041 vs 4,860,000
+  
+
diff --git a/reuters/test/21133 b/reuters/test/21133
new file mode 100644
index 0000000000000000000000000000000000000000..7253196f1dcf646edf407adc876350139a2ab4a3
--- /dev/null
+++ b/reuters/test/21133
@@ -0,0 +1,8 @@
+COMMUNICATIONS AND CABLE <CCAB.O> BUYS STAKE
+  Communications and Cable
+  Inc said it acquired about 21 pct of the outstanding shares of
+  Imnet Corp, a privately owned company that designs, makes and
+  services proprietary image storage and retrieval systems. Terms
+  were not disclosed.
+  
+
diff --git a/reuters/test/21134 b/reuters/test/21134
new file mode 100644
index 0000000000000000000000000000000000000000..d573235f0488c473faefe2c1b99ec2d2f7d23c77
--- /dev/null
+++ b/reuters/test/21134
@@ -0,0 +1,8 @@
+BALTEK <BTEK.O> BUYS ECUADORIAN PLANT
+  Baltek Corp said it has acquired
+  a shrimp packing plant in Ecuador for undisclosed terms.
+      The company said the acquisition will result in a tripling
+  of its Ecuadorian shrimp sales to about three mln pounds
+  annually by 1988.
+  
+
diff --git a/reuters/test/21135 b/reuters/test/21135
new file mode 100644
index 0000000000000000000000000000000000000000..bc9f71abac98fca22cb9332d7eb183a438e15e5a
--- /dev/null
+++ b/reuters/test/21135
@@ -0,0 +1,13 @@
+GENDEX CORP <XRAY.O> 2ND QTR SEPT 30 NET
+  Shr nine cts vs six cts
+      Net 242,000 vs 135,000
+      Sales 4,003,000 vs 2,968,000
+      Six Mths
+      Shr 17 cts vs 14 cts
+      Net 414,000 vs 297,000
+      Sales 7,54,000 vs 5,912,000
+      Avg shrs 2.4 mln vs 2.1 mln
+      NOTE: 1986 net includes tax credits equal to one cent in
+  the quarter and two cts in the six months.
+  
+
diff --git a/reuters/test/21136 b/reuters/test/21136
new file mode 100644
index 0000000000000000000000000000000000000000..ebe1870c34e9d9955751c2964f2e1374d0e9c2be
--- /dev/null
+++ b/reuters/test/21136
@@ -0,0 +1,8 @@
+BEN AND JERRY'S HOMEMADE INC <BJIC.O> EIGHT MTHS
+  Shr 42 cts vs 32 cts
+      Net 1,076,572 vs 826,939
+      Sales 20.5 mln vs 12.5 mln
+      NOTE: Company released results in connection with filing
+  for Class A common stock offering.
+  
+
diff --git a/reuters/test/21138 b/reuters/test/21138
new file mode 100644
index 0000000000000000000000000000000000000000..dd61bac584fe352c59cd5e6de9e356a7830e1df7
--- /dev/null
+++ b/reuters/test/21138
@@ -0,0 +1,20 @@
+BALLADUR URGES G-7 TO RESPECT LOUVRE ACCORD
+  French Finance Minister Edouard Balladur
+  said the Group of Seven (G-7) industrial countries should
+  respect pledges on monetary policy made in the February Louvre
+  accord on currency stability.
+      "We have to strengthen the cooperation between the seven
+  major industrial countries and remind ourselves of the pledges
+  we made at the Louvre," he told journalists.
+      "They were not simply pledges to maintain currency
+  stability, but also to conduct a certain type of economic and
+  monetary policy," he added.
+      Balladur's comments came after U.S. Treasury Secretary
+  James Baker said on Sunday that the U.S. Would have to
+  re-examine the Louvre accords in the light of the rise in West
+  German short-term interest rates.
+      Balladur was one of the main architects of the Louvre
+  accord and has invested considerable political capital in
+  defending them.
+  
+
diff --git a/reuters/test/21140 b/reuters/test/21140
new file mode 100644
index 0000000000000000000000000000000000000000..5cf1774a9d8b8d7b306c72e99cabcb8931ccef12
--- /dev/null
+++ b/reuters/test/21140
@@ -0,0 +1,11 @@
+BANCTEXAS <BTX> TO SELL AFFILIATE
+  BancTEXAS Group Inc said it has signed a
+  definitive agreement to sell its BancTEXAS Sulphur Springs
+  affiliate to a group of local investors led by Gene Watson for
+  a cash amount equal to book value at the time of the sale,
+  subject to regulatory approvals.
+      The unit had assets of 18.2 mln dlrs as of September 30.
+      BancTEXAS said it plans to concentrate on its primary
+  market, the Dallas area.
+  
+
diff --git a/reuters/test/21142 b/reuters/test/21142
new file mode 100644
index 0000000000000000000000000000000000000000..e7f9fd9ac6c1c9b5bf9f9022232812d314ce6c69
--- /dev/null
+++ b/reuters/test/21142
@@ -0,0 +1,19 @@
+TALMAN HOME FEDERAL <TLMN.O> 3RD QTR OPER NET
+  Oper shr 17 cts vs not available
+      Oper net 1,619,000 vs 6,354,000
+      Nine Mths
+      Oper shr 80 cts vs not available
+      Oper net 7,675,000 vs 22,669,000
+      Assets 6.06 billion vs 5.74 billion
+      Loans 3.11 billion vs 3.33 billion
+      Deposits 4.57 billion vs 4.83 billion
+     
+      NOTE: 1987 operating net excludes tax credits of 3.9 mln
+  dlrs or 40 cts a share in the quarter and 8.1 mln dlrs or 85
+  cts in the nine months period.
+      1986 nine months operating net excludes prepayment
+  penalties on early retirement of loans of 736,000 dlrs.
+      Talman Home Federal Savings and Loan Association, Chicago
+  is full name of company.
+  
+
diff --git a/reuters/test/21143 b/reuters/test/21143
new file mode 100644
index 0000000000000000000000000000000000000000..123cbd24997ba4ef58543cc5db8214e50021bab1
--- /dev/null
+++ b/reuters/test/21143
@@ -0,0 +1,10 @@
+ALLWASTE <ALWS.O> TO ACQUIRE FIRM
+  Allwaste Inc said it entered into an
+  agreement in principle to buy Tank Cleaning Co, a
+  privately-held company that cleans tank trailers, in exchange
+  for about 1.3 mln shares or Allwaste common.
+      Allwaste said that Tank Cleaning earned about one mln dlrs
+  before taxes last year and had about 1.5 mln dlrs in pre-tax
+  income for the nine months ended September 30.
+  
+
diff --git a/reuters/test/21146 b/reuters/test/21146
new file mode 100644
index 0000000000000000000000000000000000000000..115f9957ff2599ec9a7c8a7f4f7914c1beba5e45
--- /dev/null
+++ b/reuters/test/21146
@@ -0,0 +1,13 @@
+NORTHEAST SAVINGS F.A. <NSB> 2ND QTR NET LOSS
+  Shr loss 1.39 dlrs vs profit 1.20 dlrs
+      Net loss 5,306,000 vs profit 7,246,000
+      Six mths
+      Shr loss 18 cts profit 2.23 dlrs
+      Net profit 3,259,000 vs profit 14.2 mln
+      Assets 6.79 billion vs 5.42 billion
+      Deposits 3.99 billion vs 3.38 billion
+      Loans 4.92 billion vs 4.53 billion
+      NOTE: 1987 six mths per share includes preferred stock
+  dividend payments.
+  
+
diff --git a/reuters/test/21148 b/reuters/test/21148
new file mode 100644
index 0000000000000000000000000000000000000000..b0768684d452003aeff89d13c3c8e78135e33472
--- /dev/null
+++ b/reuters/test/21148
@@ -0,0 +1,8 @@
+MARINE CORP <MCOR.O> 3RD QTR NET
+  Shr 30 cts vs 30 cts
+      Net 1,804,000 vs 1,800,000
+      Nine mths
+      Shr 89 cts vs 79 cts
+      Net 5,334,000 vs 4,496,000
+  
+
diff --git a/reuters/test/21149 b/reuters/test/21149
new file mode 100644
index 0000000000000000000000000000000000000000..91ba717e059616133a74fd680c9536c440da4a1f
--- /dev/null
+++ b/reuters/test/21149
@@ -0,0 +1,24 @@
+IRAN VOWS REPRISAL FOR U.S. ATTACK ON OIL RIG
+  Iran said several people were injured in
+  Monday's U.S. Attack on an Iranian offshore oil site and vowed
+  retaliation, Tehran radio reported.
+      It quoted President Ali Khamenei as saying, "We will
+  definitely retaliate and will not leave this American move
+  unanswered."
+      A broadcast monitored in Nicosia said several civilian
+  personnel on the Rashadat oil platforms in the Gulf east of
+  Qatar were injured when U.S. Warships bombarded them this
+  afternoon. It described damage as "severe."
+      Washington said four American frigates shelled and
+  destroyed two Iranian platforms at the Rashadat (formerly
+  Rostam) field at 1100 GMT on Monday in response to Friday's
+  missile attack on a U.S.-flag ship in Kuwaiti waters.
+      The U.S. Said Iranians used the platforms for military
+  pruposes and had fired on an American helicopter from the rigs
+  earlier this month.
+      Khamenei denied that the platforms had military gear or
+  personnel and said the U.S. Attack lacked miltary value.
+      "With this move Mr. Reagan has committed a big mistake and
+  has definitely increased his problems...
+  
+
diff --git a/reuters/test/21151 b/reuters/test/21151
new file mode 100644
index 0000000000000000000000000000000000000000..e09d5b48ac0a3b35430228b942078c715fb65108
--- /dev/null
+++ b/reuters/test/21151
@@ -0,0 +1,5 @@
+FED'S JOHNSON SAYS LOUVRE ACCORD ALIVE, BUT CITES U.S.-GERMAN DIFFERENCES
+
+  FED'S JOHNSON SAYS LOUVRE ACCORD ALIVE, BUT CITES U.S.-GERMAN DIFFERENCES
+  
+
diff --git a/reuters/test/21152 b/reuters/test/21152
new file mode 100644
index 0000000000000000000000000000000000000000..beb21007d1d29a75b74676ea006290825a8bccef
--- /dev/null
+++ b/reuters/test/21152
@@ -0,0 +1,14 @@
+U.S SENATE PANEL VOTES TO LIMIT COUNTY LOAN DROP
+  The Senate Agriculture committee voted
+  to limit changes in county loan rate differentials starting
+  with the 1988 crop as part of a budget deficit reduction
+  package.
+      The panel also approved measures that could trigger larger
+  corn and wheat acreage reduction requirements, increase
+  farmer-held reserve storage payments, reduce a potential milk
+  support price cut, and require advance deficiency payments for
+  producers of major crops.
+      A proposal to require imported tropical oils be labeled on
+  U.S. food products failed by a 10-8 vote.
+  
+
diff --git a/reuters/test/21157 b/reuters/test/21157
new file mode 100644
index 0000000000000000000000000000000000000000..836469365ba4e8ffa71bd1d1d9bb942d826dccdf
--- /dev/null
+++ b/reuters/test/21157
@@ -0,0 +1,21 @@
+FED'S JOHNSON WARNS AGAINST LOWER DOLLAR
+  Federal Reserve Board Vice-Chairman
+  Manuel Johnson cautioned against seeking "quick-fix solutions" to
+  persistent U.S. trade and federal budget deficits.
+      In particular, he told an American Stock Exchange
+  conference, a decline in the dollar below current levels would
+  exacerbate financial market conditions.
+      "Trying to artificially depress the dollar severely below
+  current levels ... would exacerbate financial market conditions
+  and lead to further potential for financial problems."
+      Nowhere, Johnson said, are Fed officials hearing that U.S.
+  businesses cannot compete at current exchange rates.
+      He acknowledged the U.S. trade deficit was persisting
+  despite a decline in the dollar's value of 40 to 50 pct in the
+  past two years.
+      But the deficit is improving in volume terms and will soon
+  begin showing improvement.
+      "The stage I think is being set for a healthy, constructive
+  expansion without inflationary instability," he said.
+  
+
diff --git a/reuters/test/21163 b/reuters/test/21163
new file mode 100644
index 0000000000000000000000000000000000000000..15d51f8a2eaa07fe63a3d7c826e73136e449fc5d
--- /dev/null
+++ b/reuters/test/21163
@@ -0,0 +1,5 @@
+ Balladur urges G-7 to respect pledges on monetary policy in Louvre accord
+
+   Balladur urges G-7 to respect pledges on monetary policy in Louvre accord
+  
+
diff --git a/reuters/test/21164 b/reuters/test/21164
new file mode 100644
index 0000000000000000000000000000000000000000..4ef9a08612cf642aca5b4ca2a8890189780270df
--- /dev/null
+++ b/reuters/test/21164
@@ -0,0 +1,14 @@
+PIONEER-STANDARD ELECTRONICS INC <PIOS.O>2ND QTR
+  Periods ended September 30
+      Oper shr 24 cts vs six cts
+      Oper net 1,297,881 vs 312,295
+      Sales 60.5 mln vs 52.2 mln
+      First half
+      Oper shr 39 cts vs 13 cts
+      Oper net 2,099,679 vs 711,530
+      Sales 118.1 mln vs 103.7 mln
+      NOTE: 1986 operating net excludes losses from discontinued
+  operations of 154,661 dlrs, or three cts a share, in quarter
+  and 409,476 dlrs, or seven cts a share, in half.
+  
+
diff --git a/reuters/test/21165 b/reuters/test/21165
new file mode 100644
index 0000000000000000000000000000000000000000..445af08cf9102aae0125e3409b9d19ef344f2a8c
--- /dev/null
+++ b/reuters/test/21165
@@ -0,0 +1,11 @@
+CITIZENS FINANCIAL GROUP INC <CITN.O> 3RD QTR
+  Shr 43 cts vs 55 cts
+      Net 6,262,000 vs 7,948,000
+      Nine mths
+      Shr 1.30 dlrs vs 1.54 dlrs
+      Net 18.8 mln vs 22.3 mln
+      Assets 2.4 billion vs 2.1 billion
+      NOTE: Prior year amounts restated to reflect 2-for-1 stock
+  split effective May 15, 1987.
+  
+
diff --git a/reuters/test/21166 b/reuters/test/21166
new file mode 100644
index 0000000000000000000000000000000000000000..3c1b05ed1d49fb21caa19a4096fb3187733f2f33
--- /dev/null
+++ b/reuters/test/21166
@@ -0,0 +1,10 @@
+IRWIN MAGNETIC SYSTEMS INC <IRWN> 1ST QTR NET
+  Period ended Sept 27
+      Shr nine cts vs 24 cts
+      Net 474,000 vs 880,000
+      Sales 11.2 mln vs 11.8 mln
+      Avg shrs 5,369,555 vs 3,654,986
+      Note: 1986 figures include tax credits of 113,000 dlrs or
+  three cts a share.
+  
+
diff --git a/reuters/test/21168 b/reuters/test/21168
new file mode 100644
index 0000000000000000000000000000000000000000..d6d3bda9ce08090ba1c7f82c04e56d77148c40a1
--- /dev/null
+++ b/reuters/test/21168
@@ -0,0 +1,5 @@
+U.S. SENATE PANEL VOTES TO LIMIT COUNTY LOAN RATE  CHANGES STARTING WITH 1988 CROPS
+
+  U.S. SENATE PANEL VOTES TO LIMIT COUNTY LOAN RATE  CHANGES STARTING WITH 1988 CROPS
+  
+
diff --git a/reuters/test/21172 b/reuters/test/21172
new file mode 100644
index 0000000000000000000000000000000000000000..9b7a37252a7af266ccda78b06f50795bb55f6666
--- /dev/null
+++ b/reuters/test/21172
@@ -0,0 +1,5 @@
+FED'S JOHNSON SAYS LOWER DOLLAR WOULD EXACERBATE MARKET CONDITIONS
+
+  FED'S JOHNSON SAYS LOWER DOLLAR WOULD EXACERBATE MARKET CONDITIONS
+  
+
diff --git a/reuters/test/21173 b/reuters/test/21173
new file mode 100644
index 0000000000000000000000000000000000000000..133d74ba4ee76a7235eacf94f982884942d9e013
--- /dev/null
+++ b/reuters/test/21173
@@ -0,0 +1,12 @@
+BENCH CRAFT INC <SOFA.O> 3RD QTR NET
+  Shr 23 cts vs 22 cts
+      Net 1,293,000 vs 1,256,000
+      Sales 39.7 mln vs 31.6 mln
+      Nine mths
+      Shr 72 cts vs 61 cts
+      Net 4,099,000 vs 3,470,000
+      Sales 115.9 mln vs 87.6 mln
+      NOTE: Share adjusted for three-for-two stock split in
+  February 1987.
+  
+
diff --git a/reuters/test/21175 b/reuters/test/21175
new file mode 100644
index 0000000000000000000000000000000000000000..22528533128f97c610ef72bf1524d67603cf456b
--- /dev/null
+++ b/reuters/test/21175
@@ -0,0 +1,20 @@
+CITYFED FINANCIAL CORP <CTYF.O> 3RD QTR LOSS
+  Shr primary loss eight cts vs profit 49 cts
+      Shr fully diluted loss eight cts vs profit 45 cts
+      Net profit 681,000 vs profit 11.5 mln
+      Nine mths
+      Shr primary profit 33 cts vs profit 2.36 dlrs
+      Shr fully diluted profit 33 cts vs profit 1.92 dlrs
+      Net profit 12.7 mln vs profit 47.5 mln
+      Assets 10.53 billion vs 10.75 billion
+      Deposits 5.98 billion vs 5.89 billion
+      Loans 8.44 billion vs 9.09 billion
+      NOTE: 1987 nine mth figures include gain of 2,470,000 dlrs
+  from cumulative effect of an accounting change.
+      1987 3rd qtr and nine mth figures also include gain of 12.1
+  mln dlrs from sale of real estate investment property.
+      1987 3rd qtr and nine mths earnings per share reflect
+  payment of dividends on company's two series of preferred stock
+  amounting to 2.2 mln dlrs.
+  
+
diff --git a/reuters/test/21176 b/reuters/test/21176
new file mode 100644
index 0000000000000000000000000000000000000000..847116d06477d4c20913e18b61fa38de0e919992
--- /dev/null
+++ b/reuters/test/21176
@@ -0,0 +1,10 @@
+CATERPILLAR INC <CAT> 3RD QTR NET
+  Shr profit 1.47 dlrs vs loss 26 cts
+      Net profit 146 mln vs loss 26 mln
+      Revs 2.25 billion vs 1.82 billion
+      Nine mths
+      Shr profit 1.82 dlrs vs profit 2.27 dlrs
+      Net profit 180 mln vs profit 224 mln
+      Revs 5.94 billion vs 5.55 billion
+  
+
diff --git a/reuters/test/21177 b/reuters/test/21177
new file mode 100644
index 0000000000000000000000000000000000000000..958b8c130bad9228a014e0aeaf974d7e8a009bd4
--- /dev/null
+++ b/reuters/test/21177
@@ -0,0 +1,6 @@
+COLOMBIA OPENS COFFEE REGISTRATIONS - LDN TRADE
+  Colombia has opened export registrations
+  for November coffee shipments, trade sources said. No further
+  details were available.
+  
+
diff --git a/reuters/test/21178 b/reuters/test/21178
new file mode 100644
index 0000000000000000000000000000000000000000..dbbe04994709588c4eb1336455aeb24c1f98ee58
--- /dev/null
+++ b/reuters/test/21178
@@ -0,0 +1,13 @@
+DENSE-PAC MICROSYSTEMS INC <DPAC.O> 2ND QTR
+  Period ended August 29.
+      Shr profit one ct vs loss one ct
+      Net profit 128,112 vs loss 30,170
+      Sales 1,620,707 vs 1,325,406
+      Avg shrs 9,306,031 vs 3,499,219
+      Six Mths
+      Shr nil vs loss nine cts
+      Net profit 25,890 vs loss 322,675
+      Sales 2,915,077 vs 1,845,003
+      Avg shrs 9,283,631 vs 3,499,219
+  
+
diff --git a/reuters/test/21179 b/reuters/test/21179
new file mode 100644
index 0000000000000000000000000000000000000000..bd63c26ff6cb9a771def6b00c09df967d2947371
--- /dev/null
+++ b/reuters/test/21179
@@ -0,0 +1,12 @@
+NEWHALL INVESTMENT PROPERTIES <NIP> 3RD QTR
+  Shr 1.13 dlrs vs 87 cts
+      Net 5,010,000 vs 3,868,000
+      Nine mths
+      Shr 4.91 dlrs vs 4.84 dlrs
+      Net 21.8 mln vs 21.5 mln
+      NOTE: Current quarter figures include gain of 4.7 mln dlrs
+  on property sales vs gain of 2.9 mln in prior year's quarter.
+      Current nine month figures include gain of 20.5 mln dlrs on
+  property sales vs gain of 19 mln dlrs.
+  
+
diff --git a/reuters/test/21181 b/reuters/test/21181
new file mode 100644
index 0000000000000000000000000000000000000000..651edc15c8d6f7d31c764e103963bb10ecc82d6f
--- /dev/null
+++ b/reuters/test/21181
@@ -0,0 +1,7 @@
+ASPEN RIBBONS INC <ARIB.O> 1ST QTR NET
+  Sept 30
+      Shr seven cts vs five cts
+      Net 234,504 vs 157,862
+      Revs 4,096,000 vs 3,007,383
+  
+
diff --git a/reuters/test/21182 b/reuters/test/21182
new file mode 100644
index 0000000000000000000000000000000000000000..ad012bd88281d96c109e99e0d7dce0ad5ca3f0dd
--- /dev/null
+++ b/reuters/test/21182
@@ -0,0 +1,7 @@
+LSI LIGHTING SYSTEMS INC <LYTS.O> 1ST QTR NET
+  Qtr ends September 30
+      Shr 25 cts vs 13 cts
+      Net 759,000 vs 383,000
+      Revs 9,052,000 vs 6,829,000
+  
+
diff --git a/reuters/test/21187 b/reuters/test/21187
new file mode 100644
index 0000000000000000000000000000000000000000..baf89c8b409c2aab4fd665fea7ba79bcdd2c11c7
--- /dev/null
+++ b/reuters/test/21187
@@ -0,0 +1,12 @@
+U.S. HOUSE SPEAKER DENIES TRADE BILL HURT STOCKS
+  House Speaker Jim Wright dismissed
+  charges that the trade bill before Congress contributed to the
+  fall in stock prices on Wall Street.
+      "That is utterly ridiculous," the Texas Democrat told
+  reporters.
+      Treasury Secretary James Baker and other administration
+  officials over the weekend pointed to the pending legislation
+  -- which they brand too protectionist -- as a key factor in the
+  record-setting drop.
+  
+
diff --git a/reuters/test/21189 b/reuters/test/21189
new file mode 100644
index 0000000000000000000000000000000000000000..d90f958348204558378db3dc474f0d37961cfcce
--- /dev/null
+++ b/reuters/test/21189
@@ -0,0 +1,10 @@
+ROTO-ROOTER INC <ROTO.O> 3RD QTR NET
+  Shr 23 cts vs 20 cts
+      Net 1,115,000 vs 971,000
+      Revs 13.8 mln vs 11.9 mln
+      Nine mths
+      Shr 64 cts vs 52 cts
+      Net 3,134,000 vs 2,521,000
+      Revs 40.1 mln vs 31.8 mln
+  
+
diff --git a/reuters/test/21190 b/reuters/test/21190
new file mode 100644
index 0000000000000000000000000000000000000000..c1d5daf527e2c58ff691c039fb8ade9f3bb8d8db
--- /dev/null
+++ b/reuters/test/21190
@@ -0,0 +1,9 @@
+CITY SAVINGS BANK OF MERIDEN <CSBM.O> 3RD QTR
+  Shr 34 cts vs not given
+      Net 510,192 vs 328,428
+      Nine mths
+      Shr one dlr vs not given
+      Net 1,489,831 vs 741,136
+      NOTE: Company went public in September 1986.
+  
+
diff --git a/reuters/test/21191 b/reuters/test/21191
new file mode 100644
index 0000000000000000000000000000000000000000..41031d235245ddfe96dd22de957f84b2c0c38f37
--- /dev/null
+++ b/reuters/test/21191
@@ -0,0 +1,9 @@
+HOME FEDERAL SAVINGS BANK OF GEORGIA <HFGA.O>
+  3rd qtr net
+      Shr 22 cts vs 54 cts
+      Net 366,497 vs 877,148
+      Nine mths
+      Shr 70 cts vs 1.17 dlrs
+      Net 1,185,352 vs 1,924,255
+  
+
diff --git a/reuters/test/21192 b/reuters/test/21192
new file mode 100644
index 0000000000000000000000000000000000000000..1ea3d8ac3815ac52a6f5df5beff5d56e140b8135
--- /dev/null
+++ b/reuters/test/21192
@@ -0,0 +1,12 @@
+INTERNATIONAL TELECHARGE INC <ITIL.O> 3RD QTR
+  Shr loss five cts vs loss eight cts
+      Net loss 657,000 vs loss 566,535
+      Revs 9,341,755 vs 260,468
+      Avg shrs 14,323,384 vs 7,081,688
+      Nine mths
+      Shr loss 19 cts vs loss 39 cts
+      Net loss 2,449,094 vs loss 1,408,789
+      Revs 15,571,230 vs 683,684
+      Avg shrs 12,655,172 vs 3,612,300
+  
+
diff --git a/reuters/test/21193 b/reuters/test/21193
new file mode 100644
index 0000000000000000000000000000000000000000..95ffb881b48448bcdc092ed0973462fd43205dc8
--- /dev/null
+++ b/reuters/test/21193
@@ -0,0 +1,17 @@
+SPECTRAMED INC <SPMD.O> 3RD QTR NET
+  Shr profit seven cts vs n/a
+      Net profit 587,000 vs profit 3,231,000
+      Sales 18.5 mln vs 18.7 mln
+      Nine Mths
+      Shr loss 39 ct s vs n/a
+      Net loss 2,368,000 vs protit 7,165,000
+      Sales 55.4 mln vs 54.2 mln
+      Note: Current nine month figures include extraordinary loss
+  of 1.2 mln dlrs, or 17 cts per share, resulting from costs
+  associated with restructuring.
+      Prior quarter and nine month per share figures not
+  applicable because company began operations in October, 1986
+  with the acquisition of Gould Inc's <GLD> medical products
+  group.
+  
+
diff --git a/reuters/test/21194 b/reuters/test/21194
new file mode 100644
index 0000000000000000000000000000000000000000..89f7c660439228e0d261840b89ed15b5d718d551
--- /dev/null
+++ b/reuters/test/21194
@@ -0,0 +1,12 @@
+M/A/R/C INC <MARC.O> 2ND QTR SEPT 30 NET
+  Shr 21 cts vs 11 cts
+      Net 661,000 vs 325,000
+      Revs 13.6 mln vs 13.4 mln
+      Avg shrs 3,148,000 vs 3,011,000
+      1st half
+      Shr 42 cts vs 25 cts
+      Newt 1,310,000 vs 752,000
+      Revs 28.2 mln vs 25.6 mln
+      Avg shrs 3,136,000 vs 3,006,000
+  
+
diff --git a/reuters/test/21195 b/reuters/test/21195
new file mode 100644
index 0000000000000000000000000000000000000000..06a574055b01ecc61a60e910cc5c682668f3f01a
--- /dev/null
+++ b/reuters/test/21195
@@ -0,0 +1,12 @@
+CHAMBERS DEVELOPMENT CO INC <CDV> 3RD QTR NET
+  Shr 23 cts vs 15 cts
+      Net 2,641,000 vs 1,295,000
+      Revs 15.6 mln vs 7,925,000
+      Avg shrs 11.6 mln vs 8,900,000
+      Nine mths
+      Shr 65 cts vs 37 cts
+      Net 6,805,000 vs 3,308,000
+      Revs 42.7 mln vs 20.6 mln
+      Avg shrs 10.5 mln vs 8,900,000
+  
+
diff --git a/reuters/test/21196 b/reuters/test/21196
new file mode 100644
index 0000000000000000000000000000000000000000..1cb282155db693c3937b507a4dede0f4cbc3accb
--- /dev/null
+++ b/reuters/test/21196
@@ -0,0 +1,10 @@
+VOPLEX CORP <VOT> 3RD QTR LOSS
+  Shr loss 24 cts vs loss 13 cts
+      Net loss 619,956 vs loss 340,735
+      Revs 17.2 mln vs 18.2 mln
+      Nine mths
+      Shr profit six cts vs loss 92 cts
+      Net profit 172,384 vs loss 2,437,333
+      Revs 57.7 mln vs 57.5 mln
+  
+
diff --git a/reuters/test/21197 b/reuters/test/21197
new file mode 100644
index 0000000000000000000000000000000000000000..f8d12880ada6ea91f8ad14040622ad6b637fc440
--- /dev/null
+++ b/reuters/test/21197
@@ -0,0 +1,18 @@
+SECURITY COUNCIL CALLS TALKS AFTER GULF ATTACK
+  The U.N. Security Council was
+  called to a private meeting on Monday for consultations 
+  following the United States attack on an Iranian oil platform.
+      Meanwhile, a U.N. spokesman said that as far as he knew a
+  report to the council and Secretary General Javier Perez de
+  Cuellar on the action had not been received from the Americans.
+      In Washington, President Reagan said the United Nations was
+  being informed of the attack under the provision of the U.N.
+  Charter regarding notification of actions taken under the right
+  of self-defense.
+      The U.N. spokesman, Francois Giuliani, said Perez de
+  Cuellar had no comment on the attack, taken in response to
+  Iranian action against an American-owned tanker last week, but
+  was trying to find out "what actually happened."
+      Calls to Iran's U.N. commission elicited no response.
+  
+
diff --git a/reuters/test/21199 b/reuters/test/21199
new file mode 100644
index 0000000000000000000000000000000000000000..17ed9de9e2c5f83ee43f76d786cead5be4d7d2f1
--- /dev/null
+++ b/reuters/test/21199
@@ -0,0 +1,12 @@
+UNITED SAVINGS AND LOAN <UNSA.O> 2ND QTR NET
+  Sept 30
+      Shr 44 cts
+      Net 905,000 vs 631,000
+      Six months
+      Shr 88 cts
+      Net 1,793,000 vs 1,378,000
+      Assets 221 mln vs 223.2 mln
+      Deposits 186.4 mln vs 189.8 mln
+      Loans 176.5 mln vs.7 mln
+  
+
diff --git a/reuters/test/21201 b/reuters/test/21201
new file mode 100644
index 0000000000000000000000000000000000000000..d5889d06d362c7819e2cef94dfec19504f5bc3b7
--- /dev/null
+++ b/reuters/test/21201
@@ -0,0 +1,24 @@
+BARING UNIT SETS UP FUND FOR MANAGEMENT BUY-OUTS
+  Baring Capital Investors Ltd (BCI), a unit
+  of the U.K. Merchant bank <Baring Brothers and Co Ltd>, said it
+  has raised 61 mln European Currency Units (ECUs) which will be
+  invested in management buy-outs and development capital
+  opportunities in the U.K. And continental Europe.
+      The funds were raised through BCI's first such fund - the
+  Baring Euaring European Capital Trust - from investors in nine
+  European countries. It expects to raise another 40 mln ECUs
+  soon through a French fund and a fund for U.S. Investors.
+      BCI was set up last year by Baring Brothers to advise
+  buy-out and development capital investors.
+      BCI said the new fund is structured as a Guernsey-based
+  unit trust, which will be listed on the Luxembourg Stock
+  Exchange. It will be advised by BCI and managed by a company
+  owned jointly by Barings and the management of BCI.
+      Individual investments are expected to range between one
+  and 10 mln ECUs and are likely to be concentrated in the U.K.,
+  Germany and France.
+      BCI said its aims are to invest in established companies,
+  principally family companies with succession-issues and
+  corporate spin-offs.
+  
+
diff --git a/reuters/test/21202 b/reuters/test/21202
new file mode 100644
index 0000000000000000000000000000000000000000..764c9bdddbfa9d7a1c972fbc24b1863e3fa313d0
--- /dev/null
+++ b/reuters/test/21202
@@ -0,0 +1,25 @@
+G-7 SEEN FIGHTING TO KEEP CURRENCY PACT
+  International monetary officials will 
+  rush to paper over the deep cracks that have appeared in the
+  Louvre accord on currency stability to prevent a dollar
+  free-fall and to calm turmoil in world capital markets,
+  economists and currency traders said.
+      "I don't think the Louvre is dead because if it breaks up
+  in an acrimonious way, the potential outcome is a rout of the
+  dollar, higher interest rates and collapsing stock markets.
+  It's in the Group of Seven's interest to calm things down,"
+  said Douglas Madison, corporate trader at BankAmerica Corp.
+     
+      In a weekend television interview, U.S. Treasury secretary
+  James Baker sharply criticised a recent rise in West German
+  money market rates and said the eight month-old Louvre pact to
+  foster exchange rate stability needs to be reviewed.
+      His comments rocked the currency markets and helped send
+  the already-fragile U.S. and overseas stock markets into a
+  tailspin.
+      The dollar lost more than two pfennigs in the U.S. to about
+  1.7740/50 marks and about one yen to 141.25/35 yen. The Dow
+  Jones Industrial Average slumped more than 200 points at one
+  stage and U.S. Treasury bonds dropped about 1-3/4 points.
+  
+
diff --git a/reuters/test/21203 b/reuters/test/21203
new file mode 100644
index 0000000000000000000000000000000000000000..d7ca88b8643470324f37980c63b60c247c4a25ab
--- /dev/null
+++ b/reuters/test/21203
@@ -0,0 +1,7 @@
+TONS OF TOYS INC <TONS.O> 1ST QTR AUG 31 LOSS
+  Shr loss five cts vs loss eight cts
+      Net loss 118,000 vs loss 87,000
+      Sales 1,765,000 vs 1,345,000
+      Avg shrs 2,370,000 vs 1,070,000
+  
+
diff --git a/reuters/test/21205 b/reuters/test/21205
new file mode 100644
index 0000000000000000000000000000000000000000..52a9db2d9b11aed74acffcba45c7e9426684fbbc
--- /dev/null
+++ b/reuters/test/21205
@@ -0,0 +1,10 @@
+ANCHOR FINANCIAL CORP <AFCX.O> 3RD QTR NET
+  Shr 28 cts vs 41 cts
+      Net 205,000 vs 229,000
+      Nine mths
+      Shr 86 cts vs 1.01 dlrs
+      Net 622,000 vs 566,000
+      NOTE: Share reflects issuance of 166,750 common shares in
+  December 1986.
+  
+
diff --git a/reuters/test/21206 b/reuters/test/21206
new file mode 100644
index 0000000000000000000000000000000000000000..258c8d726275cd298d7500d0e4bff2f0451f9642
--- /dev/null
+++ b/reuters/test/21206
@@ -0,0 +1,7 @@
+PHOTRONICS CORP <PHOT.O> 1ST HALF AUG 31 NET
+  Shr 38 cts vs 25 cts
+      Net 708,197 vs 404,471
+      Sales 6,592,736 vs 6,122,133
+      Avg shrs 1,886,400 vs 1,648,477
+  
+
diff --git a/reuters/test/21207 b/reuters/test/21207
new file mode 100644
index 0000000000000000000000000000000000000000..4b0987e0f38e31bdcd31b7daeb4147dfc7e584ed
--- /dev/null
+++ b/reuters/test/21207
@@ -0,0 +1,5 @@
+ French industrial production fell 0.95 pct in July/August from June -- INSEE data
+
+   French industrial production fell 0.95 pct in July/August from June -- INSEE data
+  
+
diff --git a/reuters/test/21208 b/reuters/test/21208
new file mode 100644
index 0000000000000000000000000000000000000000..c10629426b41762fde54401e187f6595f6565ba1
--- /dev/null
+++ b/reuters/test/21208
@@ -0,0 +1,9 @@
+HOMETOWN BANCORP INC <HTWN.O> 3RD QTR NET
+  Shr profit five cts vs profit seven cts
+      Net profit 59,000 vs profit 39,000
+      Nine mths
+      Shr profit 12 cts vs loss four cts
+      Net profit 92,000 vs loss 20,000
+      Avg shrs 775,000 vs 548,000
+  
+
diff --git a/reuters/test/21209 b/reuters/test/21209
new file mode 100644
index 0000000000000000000000000000000000000000..ebc8c13889ae5f100df3841136ab15af52211f7b
--- /dev/null
+++ b/reuters/test/21209
@@ -0,0 +1,11 @@
+FIDELITY FEDERAL SAVINGS AND LOAN <FFED.O> 3RD
+  Shr 42 cts vs 59 cts
+      Net 734,659 vs 1,033,309
+      Nine mths
+      Shr 92 cts vs 1.69 dlrs
+      Net 1,629,719 vs 2,971,144
+      NOTE: 1987 nine mths net includes a loss of 290,000 dlrs on
+  sale of securities and nine-recurring charge of 32,713 dlrs for
+  write-off of FSLIC secondary reserve.
+  
+
diff --git a/reuters/test/21210 b/reuters/test/21210
new file mode 100644
index 0000000000000000000000000000000000000000..218b9e7e8519ef85d2326b328573865be01dac7e
--- /dev/null
+++ b/reuters/test/21210
@@ -0,0 +1,25 @@
+CRAZY EDDIE <CRCY.O> WON'T OPPOSE SLATE
+  Crazy Eddie Inc said its board will
+  not oppose the slate of nominees proposed for election to the
+  board by the committee led by Entertainment Marketing Inc <EM>
+  and the <Oppenheimer-Palmieri Fund, LP.>
+      Crazy Eddie said its board is not endorsing, but will
+  simply refrain from opposing, the EMI-Palmieri nominees.    
+  The board also said it will ask representatives of the
+  Committee to Restore Shareholder value to begin acquainting
+  themselves with the business and affairs of the company as
+  promptly as possible.
+     
+      To that end, the committee's representatives will be
+  invited in advance of the annual meeting to examine the
+  company's financial records, to monitor its operations and to
+  join company officers in meetings with the company's suppliers,
+  bankers and key personnel, Crazy Eddie said.
+      The board said that to continue to oppose the EMI-Palmieri
+  group would only increase the expenses of the company, create
+  further uncertainty among its suppliers, customers and
+  employees, and result in deterioration of moral among company
+  personnel.
+      A further release from the company will follow, it said.
+  
+
diff --git a/reuters/test/21211 b/reuters/test/21211
new file mode 100644
index 0000000000000000000000000000000000000000..5e57bb5a2e02daf9ecd4fc6ddc1d0921fa6a34a3
--- /dev/null
+++ b/reuters/test/21211
@@ -0,0 +1,8 @@
+HORIZON BANCORP <HZB> 3RD QTR NET
+  Shr 1.33 dlrs vs 90 cts
+      Net 12.0 mln vs 8,180,000
+      Nine mths
+      Shr 3.63 dlrs vs 2.88 dlrs
+      Net 32.9 mln vs 26.2 mln
+  
+
diff --git a/reuters/test/21212 b/reuters/test/21212
new file mode 100644
index 0000000000000000000000000000000000000000..0212fc6a9ab83c02e98eb991a06671b8e53d3dad
--- /dev/null
+++ b/reuters/test/21212
@@ -0,0 +1,3 @@
+19-OCT-1987
+  19-OCT-1987
+
diff --git a/reuters/test/21214 b/reuters/test/21214
new file mode 100644
index 0000000000000000000000000000000000000000..390f18c13a63daf3c9f6936e1336c2e37b71285a
--- /dev/null
+++ b/reuters/test/21214
@@ -0,0 +1,12 @@
+<ACC CORP> 3RD QTR NET
+  Shr profit three cts vs profit nine cts
+      Net profit 102,136 vs profit 307,516
+      Revs 8,459,182 vs 8,469,476
+      Avg shrs 3,448,218 vs 3,613,672
+      Nine mths
+      Shr loss 13 cts vs profit 28 cts
+      Net loss 458,823 vs profit 1,014,969
+      Revs 25.5 mln vs 24.6 mln
+      Avg shrs 3,467,099 vs 3,612,626
+  
+
diff --git a/reuters/test/21215 b/reuters/test/21215
new file mode 100644
index 0000000000000000000000000000000000000000..9658853f3659de235d078e9a3de604f1a09d4314
--- /dev/null
+++ b/reuters/test/21215
@@ -0,0 +1,14 @@
+FIRST UNION REAL ESTATE INVESTMENTS <FUR> NET
+  3rd qtr
+      Oper shr 27 cts vs 29 cts
+      Oper net 4,926,000 vs 5,231,000
+      Revs 18.5 mln vs 17.8 ln
+      Nine mths
+      Oper shr 78 cts vs 84 cts
+      Oper net 14.1 mln vs 15.3 mln
+      Revs 55.0 mln vs 53.6 mln
+      NOTE: Net excludes capital gains of 751,000 dlrs vs 664,000
+  dlrs in quarter and 5,881,000 dlrs vs 3,409,000 dlrs in nine
+  mths.
+  
+
diff --git a/reuters/test/21216 b/reuters/test/21216
new file mode 100644
index 0000000000000000000000000000000000000000..d72afddf22f7b3eecaeb8660c8d383ce804e2f9d
--- /dev/null
+++ b/reuters/test/21216
@@ -0,0 +1,14 @@
+IRAN SAYS US ATTACK INVOLVES IT IN FULL-SCALE WAR
+  A top Iranian military official said
+  America's attack on an Iranian oil platform on Monday had
+  involved the United States in full-scale war and Iran would
+  avenge it with a "crushing blow."
+      "The United States has entered a swamp from which it can in
+  no way get out safely," the Iranian news agency IRNA quoted the
+  head of Iran's war information headquarters as saying.
+      The official, Kamal Kharrazi, said Washington had now
+  become involved in what he called a full-fledged war with Iran.
+      It was the first official Iranian reaction to the attack by
+  four U.S. Navy destroyers on the Reshadat oil platform.
+  
+
diff --git a/reuters/test/21218 b/reuters/test/21218
new file mode 100644
index 0000000000000000000000000000000000000000..4045cbfe4c6ec13aa41e78f91fe84e16a4c7b052
--- /dev/null
+++ b/reuters/test/21218
@@ -0,0 +1,12 @@
+FEDERAL-MOGUL CORP <FMO> 3RD QTR NET
+  Shr 66 cts vs 48 cts
+      Net 8,413,000 vs 6,112,000
+      Sales 267.9 mln vs 230.6 mln
+      Nine mths
+      Shr 2.20 dlrs vs 2.05 dlrs
+      Net 28.1 mln 26.4 mln
+      Sales 806.7 mln vs 720.7 mln
+      NOTE: 1986 3rd qtr results include extraordinary loss on
+  extinguishment of debt of 1,482,000 dlrs or 12 cts a shr.
+  
+
diff --git a/reuters/test/21219 b/reuters/test/21219
new file mode 100644
index 0000000000000000000000000000000000000000..c6f01551bcace454a6ab57ec8ef6f43be9f2ef9c
--- /dev/null
+++ b/reuters/test/21219
@@ -0,0 +1,13 @@
+USACAFES LP <USF> 3RD QTR NET
+  Shr 33 cts vs 13 cts
+      Net 2,272,000 vs 880,000
+      Revs 6,399,000 vs 5,912,000
+      Chainwide sales 142.0 mln vs 126.7 mln
+      Nine mths
+      Shr 1.07 dlrs vs 44 cts
+      Net 7,369,000 vs 2,868,000
+      Revs 19.1 mln vs 16.1 mln
+      Chainwide sales 402.9 mln vs 357.1 mln
+      Avg shrs 6,918,000 vs 6,569,000
+  
+
diff --git a/reuters/test/21221 b/reuters/test/21221
new file mode 100644
index 0000000000000000000000000000000000000000..f8bc003846a413cde5b73f892e0f09c38ec17d38
--- /dev/null
+++ b/reuters/test/21221
@@ -0,0 +1,11 @@
+ACME ELECTRIC CORP <ACE> 1ST QTR OCT TWO
+  Shr 17 cts vs four cts
+      Qtly div eight cts vs eight cts
+      Net 739,000 vs 157,000
+      Revs 21.1 mln vs 14.5 mln
+      NOTE: 1986 1st qtr adjusted for five pct stock dividend
+  pain in March 1987.
+      Qtly dividend payable December seven to shareholders or
+  record November nine.
+  
+
diff --git a/reuters/test/21222 b/reuters/test/21222
new file mode 100644
index 0000000000000000000000000000000000000000..bfd1516a8db70f6e8c4d1836f5f5a60abf27831f
--- /dev/null
+++ b/reuters/test/21222
@@ -0,0 +1,11 @@
+NBI INC <NBI> 1ST QTR LOSS
+  Sept 30 end
+      Shr loss 38 cts vs loss three cts
+      Net loss 3,300,000 vs loss 205,000
+      Revs 63.4 mln vs 72.1 mln
+      Avg shrs 8,966,000 vs 9,741,000
+      NOTE: 1986 first quarter results include 398,000 gain from
+  repurchase of debentures that had been discounted below market
+  value.
+  
+
diff --git a/reuters/test/21224 b/reuters/test/21224
new file mode 100644
index 0000000000000000000000000000000000000000..9da8880d8593aea342b209d5160a442c70e424dc
--- /dev/null
+++ b/reuters/test/21224
@@ -0,0 +1,12 @@
+AVX CORP <AVX> 3RD QTR OCT THREE NET
+  Shr profit 30 cts vs profit three cts
+      Net profit 3,933,000 vs profit 436,000
+      Revs 70.4 mln vs 47.2 mln
+      Avg 13.2 mln vs 13.0 mln
+      Nine mths
+      Shr profit 85 cts vs loss 17 cts
+      Net profit 11.2 mln vs loss 2,083,000
+      Revs 192.1 mln vs 144.8 mln
+      Avg shrs 13.2 mln vs 12.0 mln
+  
+
diff --git a/reuters/test/21227 b/reuters/test/21227
new file mode 100644
index 0000000000000000000000000000000000000000..761bb73bcf651d4e296cd2431e88ae809c437118
--- /dev/null
+++ b/reuters/test/21227
@@ -0,0 +1,10 @@
+STRATUS COMPUTER INC <STRA.O> 3RD QTR NET
+  Shr 26 cts vs 18 cts
+      Net 5,281,000 vs 3,496,000
+      Revs 48.8 mln vs 32.1 mln
+      Nine mths
+      Shr 64 cts vs 51 cts
+      Net 12.9 mln vs 9,822,000
+      Revs 129.0 mln vs 89.2 mln
+  
+
diff --git a/reuters/test/21228 b/reuters/test/21228
new file mode 100644
index 0000000000000000000000000000000000000000..fd2f4bd497a9a47472bbd78ec0c832297c423fd4
--- /dev/null
+++ b/reuters/test/21228
@@ -0,0 +1,14 @@
+SOSNOFF REDUCES CAESARS WORLD <CAW> STAKE
+  New York investor Martin Sosnoff said
+  he reduced his stake in Caesars World Inc common stock to
+  3,878,700 shares, or 16 pct of the company's common stock
+  outstanding, from about 17.4 pct.
+      Sosnoff, who tried unsuccessfully to acquire Caesars World
+  earlier this year, said in a filing with the Securities and
+  Exchange Commission that he sold 338,975 Caesars World shares
+  on October 15 and 16 at 22.50 dlrs to 25.25 dlrs a share.
+      Sosnoff said he holds his Caesars World stock "primarily
+  for investment purposes". He also said he reserves the right to
+  alter his intentions at any time.
+  
+
diff --git a/reuters/test/21230 b/reuters/test/21230
new file mode 100644
index 0000000000000000000000000000000000000000..ab9c4be39595132034cb6eb6d6a146dacf29296b
--- /dev/null
+++ b/reuters/test/21230
@@ -0,0 +1,5 @@
+CRAZY EDDIE INC SAYS IT WON'T OPPOSE SLATE OF ENTERTAINMENT MARKETING
+
+  CRAZY EDDIE INC SAYS IT WON'T OPPOSE SLATE OF ENTERTAINMENT MARKETING
+  
+
diff --git a/reuters/test/21232 b/reuters/test/21232
new file mode 100644
index 0000000000000000000000000000000000000000..f93d9762d087fa089484cd21b0cc3e18e51ec897
--- /dev/null
+++ b/reuters/test/21232
@@ -0,0 +1,12 @@
+MYERS INDUSTRIES INC <MYE> 3RD QTR NET
+  Shr 26 cts vs 18 cts
+      Net 1,409,551 vs 985,470
+      Revs 38.4 mln vs 22.5 mln
+      Nine mths
+      Shr 64 cts vs 47 cts
+      Net 3,477,188 vs 2,558,625
+      Revs 88.8 mln vs 63.9 mln
+      NOTE: Earnings per share adjusted for 3-for-2 stock split
+  distributed on September 4.
+  
+
diff --git a/reuters/test/21233 b/reuters/test/21233
new file mode 100644
index 0000000000000000000000000000000000000000..0d5b1ab33239645b704a5fbb38b0974912f0325f
--- /dev/null
+++ b/reuters/test/21233
@@ -0,0 +1,8 @@
+VICTORIA BANCKSHARES INC <VICT.O> 3RD QTR NET
+  Shr profit two cts vs loss 2.60 dlrs
+      Net profit 111,000 vs loss 16.9 mln
+      Nine mths
+      Shr profit 19 cts vs loss 2.80 dlrs
+      Net profit 1,261,000 vs loss 18.1 mln
+  
+
diff --git a/reuters/test/21234 b/reuters/test/21234
new file mode 100644
index 0000000000000000000000000000000000000000..5b3b9a3c226340e2d7e8e0779ba46ca0c6796cab
--- /dev/null
+++ b/reuters/test/21234
@@ -0,0 +1,13 @@
+INTERSTATE SECURITIES INC <IS> 4TH QTR SEPT 30
+  Shr 11 cts vs 22 cts
+      Qtly div 10 cts vs 10 cts prior
+      Net 548,254 vs 1,138,978
+      Revs 28 mln vs 31.1 mln
+      Year
+      Shr 50 cts vs 1.34 dlrs
+      Net 2,527,846 vs 6,822,293
+      Revs 111.7 mln vs 118.9 mln
+      NOTE: Qtly div payable December 4 to shareholders of record
+  November 13.
+  
+
diff --git a/reuters/test/21236 b/reuters/test/21236
new file mode 100644
index 0000000000000000000000000000000000000000..e19f52f57fb801be6306aca945f0a415d9d323ce
--- /dev/null
+++ b/reuters/test/21236
@@ -0,0 +1,16 @@
+PANCHO'S MEXICAN BUFFET INC <PAMX.O> 4TH QTR NET
+  Sept 30 end
+      Shr 14 cts vs 20 cts
+      Net 733,980 vcs 871,720
+      Revs 14.7 mln vs 12.0 mln
+      Avg shrs 5,130,190 vs 4,302,430
+      Year
+      Shr 61 cts vs 60 cts
+      Net 2,763,308 vs 2,550,133
+      Revs 50.0 mln vs 43.1 mln
+      Avg shrs 4,565,189 vs 4,277,046
+      Fiscal 1987 net both periods includes charge 480,000 dlrs
+  to adjust premium reserves for workers' compensation and
+  liability insurance claims.
+  
+
diff --git a/reuters/test/21237 b/reuters/test/21237
new file mode 100644
index 0000000000000000000000000000000000000000..ae0384870eb53a8fbb66c36f7749e5269729b0cf
--- /dev/null
+++ b/reuters/test/21237
@@ -0,0 +1,13 @@
+FRANKLIN ELECTRIC CO INC <FELE.O> 3RD QTR NET
+  Shr 85 cts vs 73 cts
+      Net 3,150,000 vs 2,699,000
+      Sales 39.8 mln vs 34.3 mln
+      Nine Mths
+      Shr 2.19 dlrs vs 1.86 dlrs
+      Net 8,109,000 vs 6,876,000
+      Sales 111.5 mln vs 100.7 mln
+      NOTE: 1987 tax credits added 14 cts to third quarter net
+  and 33 cts to nine months net compared with credits of 16 cts
+  and 45 cts in the respective 1986 periods.
+  
+
diff --git a/reuters/test/21238 b/reuters/test/21238
new file mode 100644
index 0000000000000000000000000000000000000000..3b64b8665129872ab41515ce23dd5d4fe203c61b
--- /dev/null
+++ b/reuters/test/21238
@@ -0,0 +1,12 @@
+ALTUS BANK <ALTS.O> 3RD QTR NET
+  Oper shr three cts vs 48 cts
+      Oper net 170,000 vs 2,324,000
+      Nine mths
+      Oper shr 1.26 dlrs vs 1.84 dlrs
+      Oper net 6,157,000 vs 8,907,000
+      NOTE: Operating net excludes extraordinary gains of 231,000
+  dlrs, or four cts a share, vs 2,657,000 dlrs, or 55 cts a
+  share, in quarter and 1,341,000 dlrs, or 28 cts a share, vs
+  4,637,000 dlrs, or 95 cts a share, in the nine months
+  
+
diff --git a/reuters/test/21240 b/reuters/test/21240
new file mode 100644
index 0000000000000000000000000000000000000000..049b5327fef4fae46aa869b68e3e79ff8f1e8356
--- /dev/null
+++ b/reuters/test/21240
@@ -0,0 +1,7 @@
+KENNAMETAL INC <KMT> 1ST QTR SEPT 30 NET
+  Shr 48 cts vs 35 cts
+      Net 4,946,000 vs 3,552,000
+      Sales 94.1 mln vs 84.5 mln
+      Avg shrs 10.2 mln vs 10.1 mln
+  
+
diff --git a/reuters/test/21242 b/reuters/test/21242
new file mode 100644
index 0000000000000000000000000000000000000000..ac31095db0ee9c09b14c84c800f46325f04fc90e
--- /dev/null
+++ b/reuters/test/21242
@@ -0,0 +1,16 @@
+COMPUTER CONSOLES INC <CCS> 3RD QTR NET
+  Oper shr profit four cts vs profit 13 cts
+      Oper net profit 456,000 vs profit 1,633,000
+      Revs 37.8 mln vs 34.0 mln
+      Avg shrs 13.0 mln vs 13.0 mln
+      Nine mths
+      Oper shr profit 12 cts vs loss 39 cts
+      Oper net profit 1,614,000 vs loss 4,877,000
+      Revs 109.2 mln vs 88.3 mln
+      Avg shrs 13.1 mln vs 12.5 mln
+      NOTE: 1987 net excludes tax credits of 156,000 dlrs in
+  quarter and 716,000 dlrs in nine mths.
+      1987 net both perioods includes charge one mln dlrs from
+  restructuring of Computer Products Division.
+  
+
diff --git a/reuters/test/21243 b/reuters/test/21243
new file mode 100644
index 0000000000000000000000000000000000000000..61aaf43cfcfc10d55d56c6a3bcffeda324f7d6fd
--- /dev/null
+++ b/reuters/test/21243
@@ -0,0 +1,17 @@
+SENATE PANEL STUDIES LOAN RATE, SET ASIDE PLANS
+  The Senate Agriculture Committee was
+  expected to consider proposals that would limit adjustments in
+  county loan rate differentials which trigger larger corn and
+  wheat acreage reduction requirements, Senate staff said.
+      A budget-saving proposal drafted by chairman Patrick Leahy
+  (D-Vt) would limit adjustments in county loan rate
+  differentials to no more than one pct per year from the
+  national average loan rate, starting with 1988 crops.
+      The plan also would allow the Agriculture Secretary to
+  increase the unpaid acreage reduction requirement for corn by
+  "an appropriate amount to generate savings" if projected corn
+  stocks exceeded 6.0 billion bushels.
+      Leahy's proposal would also allow a larger 1988 wheat set
+  aside if projected stocks surpassed 1.9 billion bushels.
+  
+
diff --git a/reuters/test/21244 b/reuters/test/21244
new file mode 100644
index 0000000000000000000000000000000000000000..9646f921555d3274ff4f7e3526091b4d0161a526
--- /dev/null
+++ b/reuters/test/21244
@@ -0,0 +1,19 @@
+OMNICARE INC <OCR> 3RD QTR NET
+  Shr profit five cts vs loss one ct
+      Net profit 504,000 vs loss 102,000
+      Revs 31.4 mln vs 32.0 mln
+      Nine mths
+      Shr profit 17 cts vs profit 26 cts
+      Net profit 1,729,000 vs profit 2,596,000
+      Revs 92.7 mln vs 112.6 mln
+      NOTE: 1986 3rd qtr net includes a after-tax charge of
+  555,000 dlrs for sale of Reliacare Inc.
+     
+      1986 nine mths net includes charge of 1,253,000 dlrs or 12
+  cts a share for sale of Reliacare and Inspiron Hospital
+  Products division.
+      1986 nine mths net also includes aftertax earnings of
+  2,256,000 dlrs or 22 dlrs a share for American Medical
+  International Inc <AMI> contracts which expired July 1986.
+  
+
diff --git a/reuters/test/21245 b/reuters/test/21245
new file mode 100644
index 0000000000000000000000000000000000000000..54b6f2536332c602763d7f5c53be21b3651400a5
--- /dev/null
+++ b/reuters/test/21245
@@ -0,0 +1,5 @@
+U.S. INDUSTRIAL CAPACITY USE RATE 81.2 PCT IN SEPTEMBER, UNCHANGED FROM AUGUST
+
+  U.S. INDUSTRIAL CAPACITY USE RATE 81.2 PCT IN SEPTEMBER, UNCHANGED FROM AUGUST
+  
+
diff --git a/reuters/test/21248 b/reuters/test/21248
new file mode 100644
index 0000000000000000000000000000000000000000..da4ccf9256238b952a30118df3308fe1d7abb6a9
--- /dev/null
+++ b/reuters/test/21248
@@ -0,0 +1,21 @@
+DIME SAVINGS BANK N.Y. <DIME.O> 3RD QTR NET
+  Shr 1.22 dlrs
+      Net 27.8 mln vs 28.6 mln
+      Nine mths
+      Shr 3.88 dlrs
+      Net 87.4 mln vs 98.7 mln
+      Assets 10.3 billion vs 8.4 billion
+      Deposits 7.4 billion vs 6.7 billion
+      Loans 7.9 billion vs 6.0 billion
+      NOTE: Full name is Dime Savings Bank of New York. 1986 per
+  share figures not available as bank converted to stock form in
+  August 1986.
+      1987 qtr and nine mths includes gain 10.5 mln dlrs and 33.2
+  mln dlrs, respectively, from utilization of net operating loss
+  carryforwards. 1986 qtr and nine mths includes gain 10.4 mln
+  dlrs and 32.9 mln dlrs, respectively, from utilization of net
+  operating loss carryforwards. 1987 qtr and nine mths also
+  includes charge of 835,000 dlrs for the early extinguishment of
+  debt net of tax benefit.
+  
+
diff --git a/reuters/test/21251 b/reuters/test/21251
new file mode 100644
index 0000000000000000000000000000000000000000..7e44489374dc16e9e04f99e1be52beeab3378fdd
--- /dev/null
+++ b/reuters/test/21251
@@ -0,0 +1,42 @@
+HAL ROACH <HRSI.O>, ROBERT HALMI <RHI> TO MERGE
+  Robert Halmi Inc said it and Hal Roach
+  Studios Inc signed a definitive agreement to merge in a stock
+  swap value at 115 mln dlrs, based on October 16 closing prices.
+      The company said the agreement calls for the holders of
+  common stock in Hal Roach to exchange their shares on a
+  one-for-one basis for shares in the combined company.
+      It said holders of Robert Halmi common will exchange their
+  shares on a two-and-one-half-for-one basis for shares in the
+  combined company.
+      The company said the swap will be tax-free.
+      The company also said <Qintex Ltd>, a 35 pct owner of Hal
+  Roach common stock, has agreed to use the company as the
+  exclusive vehicle for its U.S. media and entertainment
+  investments, the company said.
+      The company said Qintex's U.S. subsidiary also agreed to
+  supply a minimum 70 mln dlrs line of credit to the new company,
+  which shall be used, with Qintex approval, for financing new
+  HRI products.
+      The company said that under the definitive agreement,
+  Qintex's U.S. division will have the right to purchase up to 51
+  pct of the new company in the open market, in private
+  transactions or by tender offer, but will not be purchasing
+  warrants to bring its ownership to 51 pct of the new company.
+      If Qintex's U.S. subsidiary has not achieved this ownership
+  within one year after the completion of the merger, the
+  subsidiary will have the right two years thereafter to request
+  that HRI commence a rights offering to HRI stockholders, the
+  company said.
+      Regarding the potential rights offering, Qintex's U.S.
+  subsidiary will act as standby purchaser, the company said.
+      The transaction is subject to the approval of both
+  company's shareholders, the receipt of certain tax approvals,
+  and the continued employement of Robert Halmi Sr and Robert
+  Halmi Jr, the company said.
+      Robert Halmi Sr, who is currently chairman and chief
+  executive officer of Robert Halmi Inc, will be chairman of the
+  new company and David Evans, current president and chief
+  operating officer of Hal Roach, will become chief executive,
+  the company said.
+  
+
diff --git a/reuters/test/21252 b/reuters/test/21252
new file mode 100644
index 0000000000000000000000000000000000000000..da09e4c1b22a1a5eddd7d013b5296ca813f23143
--- /dev/null
+++ b/reuters/test/21252
@@ -0,0 +1,7 @@
+PICCADILLY CAFETERIAS INC <PICC.O> 1ST QTR NET
+  Sept 30 end
+      Shr 32 cts vs 32 cts
+      Net 2,990,000 vs 2,988,000
+      Sales 57.3 mln vs 54.6 mln
+  
+
diff --git a/reuters/test/21253 b/reuters/test/21253
new file mode 100644
index 0000000000000000000000000000000000000000..f0bb1a8ec64353ec68444ca89f19a83fd069a321
--- /dev/null
+++ b/reuters/test/21253
@@ -0,0 +1,8 @@
+SYSTEM SOFTWARE <SSAX.O> COMPLETES ACQUISITION
+  System Software Associates Inc said it
+  completed its previously-announced acquisition of Admin EDP Pty
+  Ltd for cash and a small amount of stock.
+      Admin EDP, of Sydney, Australia, is a full-service software
+  sales and services firm.
+  
+
diff --git a/reuters/test/21255 b/reuters/test/21255
new file mode 100644
index 0000000000000000000000000000000000000000..0da5295fca68f0a711d0cf530c04af1bcd5c5e82
--- /dev/null
+++ b/reuters/test/21255
@@ -0,0 +1,8 @@
+FIRST MICHIGAN BANCORP <FMBC.O> 3RD QTR NET
+  Shr 55 cts vs 48 cts
+      Net 2,520,000 vs 2,211,000
+      Nine mths
+      Shr 1.57 dlrs vs 1.41 dlrs
+      Net 7,223,000 vs 6,475,000
+  
+
diff --git a/reuters/test/21256 b/reuters/test/21256
new file mode 100644
index 0000000000000000000000000000000000000000..48c4047e270ab7368dce4ac9854f0b581839f868
--- /dev/null
+++ b/reuters/test/21256
@@ -0,0 +1,13 @@
+COUNTRYWIDE TRANSPORT <CWTS.O> 3RD QTR NET
+  Shr 19 cts vs 15 cts
+      Net 826,362 vs 421,759
+      Revs 19.0 mln vs 14.8 mln
+      Avg shrs 4,400,000 vs 2,900,000
+      Nine Mths
+      Shr 48 cts vs 31 cts
+      Net 1,872,075 vs 887,478
+      Revs 51.6 mln  41.1 mln
+      Avg shrs 3,889,000 vs 2,900,000
+      Note: Full name Countrywide Transport Services Inc.
+  
+
diff --git a/reuters/test/21257 b/reuters/test/21257
new file mode 100644
index 0000000000000000000000000000000000000000..7f4f9bf0f2b0f5da2e0432f0421e3096da77d214
--- /dev/null
+++ b/reuters/test/21257
@@ -0,0 +1,6 @@
+SOFTWARE SERVICES OF AMERICA INC <SSOA.O> NET
+  Shr four cts vs five cts
+      Net 85,292 vs 109,285
+      Revs 2,916,128 vs 474,819
+  
+
diff --git a/reuters/test/21259 b/reuters/test/21259
new file mode 100644
index 0000000000000000000000000000000000000000..f4d18da3e7ac7fe7cacaead4ad4da650d3853cd2
--- /dev/null
+++ b/reuters/test/21259
@@ -0,0 +1,13 @@
+KEYCORP <KEY> 3RD QTR NET
+  Shr 85 cts vs 77 cts
+      Net 25.8 mln vs 21.9 mln
+      Avg shrs 29.0 mln vs 27.1 mln
+      Nine mths
+      Shr 2.22 dlrs vs 2.14 dlrs
+      Net 67.9 mln vs 60.1 mln
+      Avg shrs 29.0 mln vs 26.5 mln
+      NOTE: Previously reoprted amounts restated for earnings of
+  First NorthWest Bancorp acquired in pooling of interests on
+  July 31, 1987.
+  
+
diff --git a/reuters/test/21260 b/reuters/test/21260
new file mode 100644
index 0000000000000000000000000000000000000000..6c0861fd89766d9105448914d8919b978621f793
--- /dev/null
+++ b/reuters/test/21260
@@ -0,0 +1,36 @@
+ALLIED-SIGNAL INC <ALD> 3RD QTR OPER NET
+  Oper shr 1.02 dlrs vs 82 cts
+      Oper net 174 mln vs 149 mln
+      Revs 2.7 billion vs 2.4 billion
+      Nine mths
+      Oper shr 2.54 dlrs vs 2.64 dlrs
+      Oper net 438 mln vs 492 mln
+      Revs 8.2 billion vs 7.4 billion
+      NOTE: 1987 3rd qtr and nine mths includes after-tax 82 mln
+  dlr or 49 cts a share gain for increase in equity of Union
+  Texas Petroleum Holdings Inc, for initial public offering.
+     
+      1987 nine mths net includes after-tax gain of 73 mln dlrs
+  or 42 cts a share on sale of remaining interest in the Henley
+  Group Inc and other related transactions, which was partly
+  offset by an after-tax loss of 30 mln dlrs ot 17 cts a share
+  for repurchase of high coupon bonds.
+      1987 nine mths also excludes 79 mln dlrs for estimated net
+  gain on disposal of discontinued operations as of March 31,
+  1987, including Linotype Group, Amphenol Products, Ampex Corp.
+      1986 amounts restated to exclude sales and expenses of
+  discontinued operations.
+     
+      1986 3rd qtr and nine mths oper net excludes operating
+  income of 15 mln dlrs and and 44 mln dlrs for discontinued
+  operations.
+      1986 nine mths includes a 43 mln dlrs or 24 cts a share
+  after tax gain for reversion of surplus pension funds.
+      At end of 1987 and 1986 third quarter, average shares
+  outstanding were 169.9 mln and 175.4 mln outstanding, after
+  deducting dividends accured on preferred stock. At end of 1987
+  and 1986 nine mth period, average shares were 172.5 mln and
+  175.9, respectively, after deducting for preferred stock
+  dividends.
+  
+
diff --git a/reuters/test/21261 b/reuters/test/21261
new file mode 100644
index 0000000000000000000000000000000000000000..e2b1e53acf1329e9904431a81740a5d27f4fe648
--- /dev/null
+++ b/reuters/test/21261
@@ -0,0 +1,20 @@
+CORBY DISTILLERIES <CDL.TO> TO BUY HEUBLEIN UNIT
+  Corby Distilleries Ltd said it has
+  agreed to buy Toronto-based McGuinness Distillers Ltd from
+  Heublein Inc for about 45 mln dlrs in a move which Corby
+  expects to add significantly to domestic earnings.
+       Heublin is a subsidiary of Grand Metropolitan PLC
+  (GMHL.L).
+       Corby said McGuinness will remain a seperate business unit
+  with a seperate sales force.
+       McGuinness markets liquers, brandy, and other liquors and
+  has entered the fast-expanding wine cooler market, Corby said.
+       Corby said it expects to benefit from McGuinness's
+  succesfull introduction of schnapps and coolers and its
+  strength in traditional market sectors.       
+       Heublein said the sale does not include McGuinness's
+  Calona Wines Ltd, a Canadian wine company.
+       Heublein said it is will still be represented in Canada by
+  Gilbey Canada Inc. reuter
+  
+
diff --git a/reuters/test/21262 b/reuters/test/21262
new file mode 100644
index 0000000000000000000000000000000000000000..c818301392ec2745f8c7fb87b40b9e7392cff006
--- /dev/null
+++ b/reuters/test/21262
@@ -0,0 +1,10 @@
+BURR-BROWN CORP <BBRC.O> 3RD QTR NET
+  Shr 16 cts vs 13 cts
+      Net 1,538,000 vs 1,288,000
+      Sales 35.3 mln vs 29.5 mln
+      Nine Mths
+      Shr 27 cts vs 37 cts
+      Net 2,601,000 vs 3,586,000
+      Sales 102.0 mln vs 84.2 mln
+  
+
diff --git a/reuters/test/21264 b/reuters/test/21264
new file mode 100644
index 0000000000000000000000000000000000000000..c414c2522b30b32f59d6114ab3e6f4027848f5f5
--- /dev/null
+++ b/reuters/test/21264
@@ -0,0 +1,10 @@
+TEMPLE-INLAND INC <TIN> 3RD QTR NET
+  Shr 1.24 dlrs vs 66 dlrs
+      Net 38.2 mln vs 20.1 mln
+      Revs 419.1 mln vs 333.8 mln
+      Nine mths
+      Shr 3.50 dlrs vs 1.74 dlrs
+      Net 107.7 mln vs 53 mln
+      Revs 1.2 billion vs 940 mln
+  
+
diff --git a/reuters/test/21265 b/reuters/test/21265
new file mode 100644
index 0000000000000000000000000000000000000000..56917f186f6805470057840e3dd6f30197d1a750
--- /dev/null
+++ b/reuters/test/21265
@@ -0,0 +1,14 @@
+UNIVERSAL FURNITURE LTD <UFURF.O> 3RD QTR NET
+  Shr 34 cts vs 26 cts
+      Net 6,150,000 vs 4,743,000
+      Revs 61.4 mln vs 49.5 mln
+      Nine months
+      Shr 89 cts vs 70 cts
+      Net 16 mln vs 11.8 mln
+      Revs 170 mln vs 137.5 mln
+      NOTE: All share and per share data have been adjusted to
+  reflect 100 pct stock dividend distrition on April 24, 1987 and
+  the public offier of two mln shares ofthe company on June 4,
+  1986.
+  
+
diff --git a/reuters/test/21266 b/reuters/test/21266
new file mode 100644
index 0000000000000000000000000000000000000000..14959066c30174a48262960f8b3d2ef8fb89a193
--- /dev/null
+++ b/reuters/test/21266
@@ -0,0 +1,12 @@
+A. SCHULMAN INC <SHLM.O> 4TH QTR AUG 31 NET
+  Shr 63 cts vs 49 cts
+      Net 5,635,000 vs 4,330,000
+      Sales 117.8 mln vs 96.2 mln
+      Year
+      Shr 2.21 dlrs vs 1.71 dlrs
+      Net 19.8 mln vs 15.2 mln
+      Sales 465.1 mln vs 388.5 mln
+      NOTE: Share adjusted for February 1987 three-for-two split.
+      Prior year results restated.
+  
+
diff --git a/reuters/test/21267 b/reuters/test/21267
new file mode 100644
index 0000000000000000000000000000000000000000..9b0e25f27d55ca9694a730b9258bd26b30072b67
--- /dev/null
+++ b/reuters/test/21267
@@ -0,0 +1,13 @@
+USX <X> UNIT HIKES CRUDE OIL POSTED PRICES
+  Marathon Petroleum Company, a subsidiary
+  of USX Corp, said it lowered posted prices for crude oil by 50
+  cts with an effective date of October 16.
+      The increase brings posted prices for West Texas
+  Intermediate and West Texas Sour to 19.00 dlrs a barrel each.
+  South Louisiana Sweet was increased to 19.35 dlrs a barrel.
+      Several indepndent oil companies such as Permian Corp and
+  Coastal Corp <CGP> said they had moved prices up effective last
+  Friday the day Sun Co <SUN> announced a 50 cts a barrel
+  increase to 19.00 dlrs a barrel.
+  
+
diff --git a/reuters/test/21271 b/reuters/test/21271
new file mode 100644
index 0000000000000000000000000000000000000000..61f66d1351e8b4837402ba800dc36c4e40ebab65
--- /dev/null
+++ b/reuters/test/21271
@@ -0,0 +1,10 @@
+BEARINGS INC <BER> 1ST QTR NET
+  Sept 30 end
+      Primary 76 cts vs 51 cts
+      Diluted shr 70 cts vs 49 cts
+      Net 2,802,000 vs 2,030,000
+      Revs 124.9 mln vs 117.2 mln
+      Primary avg shrs 3,687,000 vs 4,016,000
+      Diluted avg shrs 4,786,000 vs 5,101,000
+  
+
diff --git a/reuters/test/21272 b/reuters/test/21272
new file mode 100644
index 0000000000000000000000000000000000000000..c105b49ec507cdd19a0bb93bbe4c6dfeed0ed4a6
--- /dev/null
+++ b/reuters/test/21272
@@ -0,0 +1,10 @@
+CHEMICAL WASTE MANAGEMENT INC<CHW> 3RD QTR NET
+  Shr 24 cts vs 15 cts
+      Net 24,057,000 vs 14,508,000
+      Revs 156.1 mln vs 111.2 mln
+      Nine mths
+      Shr 63 cts vs 40 cts
+      Net 63,183,000 vs 36,464,000
+      Revs 405.0 mln vs 295.8 mln
+  
+
diff --git a/reuters/test/21274 b/reuters/test/21274
new file mode 100644
index 0000000000000000000000000000000000000000..36bd715bd3dbe1e8e7e56b3f75c571810e91f455
--- /dev/null
+++ b/reuters/test/21274
@@ -0,0 +1,5 @@
+MARATHON RAISED CRUDE POSTED PRICES BY 50 CTS A BARREL EFFECTIVE OCTOBER 16.
+
+  MARATHON RAISED CRUDE POSTED PRICES BY 50 CTS A BARREL EFFECTIVE OCTOBER 16.
+  
+
diff --git a/reuters/test/21275 b/reuters/test/21275
new file mode 100644
index 0000000000000000000000000000000000000000..cbeb2176493075c2e567b3781fdc02ff0498d8c9
--- /dev/null
+++ b/reuters/test/21275
@@ -0,0 +1,21 @@
+AIR PRODUCTS AND CHEMICALS INC <APD> 4TH QTR NET
+  Oper shr 70 cts vs 18 cts
+      Oper net 39.1 mln vs 10.0 mln
+      Sales 543.6 mln vs 489.6 mln
+      Year
+      Oper shr 2.83 dlrs vs 1.82 dlrs
+      Oper net 159.7 mln vs 106.9 mln
+      Sales 2.13 billion vs 1.94 billion
+      Avg shrs 56.4 mln vs 58.6 mln
+      NOTE: Results restated for discontinued engineering
+  services operations.
+      Prior year net excludes losses from discontinued operations
+  of 143,000 dlrs in quarter and 102,156 dlrs in year.
+      Fiscal 1987 year net excludes 4,081,000 dlr charge from
+  early debt retirement.
+      Fiscal 1986 net includes special charges 24.7 mln dlrs in
+  quarter and 37.2 mln dlrs in year from worgroce reduction
+  costs, revaluation of South African investment, reversal of
+  investment tax credits and othe4r items.
+  
+
diff --git a/reuters/test/21277 b/reuters/test/21277
new file mode 100644
index 0000000000000000000000000000000000000000..0f9ff14ad48b4c1d0d6d9516279364867407e700
--- /dev/null
+++ b/reuters/test/21277
@@ -0,0 +1,59 @@
+TRANSATLANTIC ROW IMPERILS LOUVRE ACCORD-DEALERS
+  The Louvre accord on currency stability,
+  which has maintained an uneasy calm in currency markets since
+  last February, appeared in serious danger today as a
+  transatlantic dispute over West German interest rates came to
+  the boil, foreign exchange dealers said.
+      But as the dollar slid against the mark and world stock and
+  bond markets plunged, officials in the major industrial
+  countries played down the dispute as a bilateral problem
+  between the United States and West Germany and insisted that
+  the currency pact was still alive.
+      U.S. Treasury Secretary James Baker sparked the market
+  fears when he attacked the rise in West German short-term
+  interest rates. "That's not in keeping with the spirit of what
+  we agreed to as recently as earlier this month in Washington,"
+  Baker said in a U.S. Television interview on Sunday. He was
+  referring to the meetings of Finance Ministers from the Group
+  of Seven (G7) leading industrial nations which reaffirmed the
+  pact.
+      Under the Louvre Accord West Germany and Japan, who both
+  have large trade surpluses, pledged to boost their economic
+  growth to take in more exports from the U.S., While the U.S.
+  Agreed to stop talking the dollar down.
+      However, Baker said on Saturday that while the Louvre
+  agreement was still operative, the West German interest rate
+  move would force the U.S. To re-examine the accord.
+      "The foreign exchange market has been told by Baker that
+  he's going to hammer Germany ... He has just declared all bets
+  are off in terms of currency cooperation," Chris Johns, currency
+  analyst at UBS-Phillips and Drew in London said.
+      But a Bank of Japan official took a much more sanguine
+  view, telling Reuters that "the exchange market is apparently
+  reacting too much, and anyone who sold the dollar on the Baker
+  comment will regret it later on."
+      French Finance Minister Edouard Balladur, who hosted the
+  Louvre meeting, was the only one of the G7 Finance Ministers to
+  respond directly to Baker's remarks. He called for "a faithful
+  and firm adherence by all the major industrial countries to the
+  Louvre accords -- in both their letter and spirit."
+      Neither the West German Finance Ministry nor the British
+  Treasury commented on the row.
+      But a Japanese Finance Ministry official said that despite
+  U.S. Frustration over higher interest rates abroad, "this does
+  not represent its readiness to scrap the basic framework of the
+  Louvre Accord."
+      In Frankfurt F. Wilhelm Christians, joint chief executive
+  of West Germany's largest bank, Deutsche Bank, said that
+  following recent meetings with Baker, he believed that the U.S.
+  Was still committed to the accord.
+      In a move which the market interpreted as a possible
+  gesture of reconciliation, the Bundesbank added short-term
+  liquidity to the West German money market at 3.80 pct on
+  Monday, down from the 3.85 pct level at which it injected
+  medium-term liquidity last week. The Bank of France also
+  stepped into the French money market to hold down rates,
+  injecting short-term liquidity at 7-3/4 pct after rates rose
+  close to eight pct.
+  
+
diff --git a/reuters/test/21278 b/reuters/test/21278
new file mode 100644
index 0000000000000000000000000000000000000000..658ec0ba0a010d7e4575541510d39238c056ec6b
--- /dev/null
+++ b/reuters/test/21278
@@ -0,0 +1,11 @@
+NORTHVIEW <NOVC.O> PLANS TO SELL COMPANY
+  Northview Corp said it reached
+  an agreement in principal covering the acquisition of the
+  company by privately-held Calmark Financial Corp.
+      The agreement calls for Northview to make a self-tender
+  offer for all of its outstanding stock at a price of 22 dlrs
+  per share in cash.
+      Calmark, headquartered in Los Angeles, develops, manages
+  and syndicates real estate, Northview also said.
+  
+
diff --git a/reuters/test/21281 b/reuters/test/21281
new file mode 100644
index 0000000000000000000000000000000000000000..81c1a796e0745a4577617153b32d5046e52013cd
--- /dev/null
+++ b/reuters/test/21281
@@ -0,0 +1,13 @@
+UNION NATIONAL CORP <UNBC.O> 3RD QTR NET
+  Shr 80 cts vs 70 cts
+      Shr diluted 76 cts vs 67 cts
+      Qtly div 33 cts vs 33 cts prior
+      Net 7,879,000 vs 7,007,000
+      Nine mths
+      Shr 2.33 dlrs vs 2.01 dlrs
+      Shr diluted 2.22 dlrs vs 1.92 dlrs
+      Net 23.0 mln vs 20.0 mln
+      Avg shrs 9,890,148 vs 10.0 mln
+      NOTE: Dividend pay Dec 10, record Nov 20.
+  
+
diff --git a/reuters/test/21282 b/reuters/test/21282
new file mode 100644
index 0000000000000000000000000000000000000000..5551796a11ca029dbadf447f31aeed0d211f8544
--- /dev/null
+++ b/reuters/test/21282
@@ -0,0 +1,5 @@
+CORBY DISTILLERIES LTD TO BUY HEUBLEIN'S MCGINNESS DISTILLERS FOR 45 MLN CANADIAN DLRS
+
+  CORBY DISTILLERIES LTD TO BUY HEUBLEIN'S MCGINNESS DISTILLERS FOR 45 MLN CANADIAN DLRS
+  
+
diff --git a/reuters/test/21283 b/reuters/test/21283
new file mode 100644
index 0000000000000000000000000000000000000000..5d11b28d198e2aea9f98815e8af6b7759ccc9d87
--- /dev/null
+++ b/reuters/test/21283
@@ -0,0 +1,15 @@
+AMCAST INDUSTRIAL CORP <ACST.O> 4TH QTR LOSS
+  Aug 31
+      Shr loss 34 cts vs profit 39 cts
+      Net loss 2,337,000 vs profit 2,532,000
+      Revs 66.1 mln vs 58.5 mln
+      Avg shrs 7,166,000 vs 6,763,000
+      12 months
+      Shr profit 26 cts vs loss 1.20 dlrs
+      Net profit 1,815,000 vs loss 7,927,000
+      Revs 264.3 mln vs 229.7 mln
+      Avg shrs 7,005,000 vs 6,621,000
+      NOTE: Results include pretax restructuring provisions of
+  4.2 mln dlrs and 22.5 mln dlrs for 1987 and 1986, respectively.
+  
+
diff --git a/reuters/test/21285 b/reuters/test/21285
new file mode 100644
index 0000000000000000000000000000000000000000..f624687b518f3a6878148eb7e9a34425cf2196e7
--- /dev/null
+++ b/reuters/test/21285
@@ -0,0 +1,8 @@
+FED ARRANGES THREE-DAY SYSTEM REPOS
+  The Federal Reserve entered the
+  government securities market to arrange three-day system
+  repurchase agreements, a spokesman for the New York Fed said.
+      Federal funds were trading at 7-5/8 pct at the time of the
+  direct injection of temporary reserves, dealers said.
+  
+
diff --git a/reuters/test/21286 b/reuters/test/21286
new file mode 100644
index 0000000000000000000000000000000000000000..1058ee751e23f930c5b40996f940ec006aadd988
--- /dev/null
+++ b/reuters/test/21286
@@ -0,0 +1,11 @@
+DATACOPY CORP <DCPY.O> 3RD QTR NET
+  Shr profit three cts vs profit one ct
+      Net profit 129,082 vs profit 36,099
+      Revs 3,864,187 vs 1,875,919
+      Nine Mths
+      Shr loss six cts vs profit two cts
+      Net loss 303,581 vs profit 110,311
+      Revs 9,517,242 vs 5,248,105
+      NOTE: Prior qtr and nine mth figures include extraordinarycredits of 15,000 dlrs and 48,000 dlrs, respectively.
+  
+
diff --git a/reuters/test/21287 b/reuters/test/21287
new file mode 100644
index 0000000000000000000000000000000000000000..fefe636d7ff868e1bada24281bff143bd8b86914
--- /dev/null
+++ b/reuters/test/21287
@@ -0,0 +1,28 @@
+MEDIA GENERAL <MEG> HOLDERS MAY SEEK CONTROL
+  A shareholder group led by Barris
+  Industries Inc <BRSS.O> said it acquired a 9.8 pct stake in
+  Media General Inc Class A common stock and may seek seek
+  contorl of the company.
+      In a filing with the Securities and Exchange Commission,
+  the group said it holds 2,711,000 shares of Media General
+  commons stock purchased at a total cost of about 108.3 mln
+  dlrs.
+      In addition to the possible bid for control, the group said
+  it may purchase additional Media General shares or possibly
+  seek one or more seats on the company's board of directors
+  through a proxy contest.
+      A bid for control of Media General would be subject to "a
+  recapitalization or possible restructuring and to possible
+  changes in the charter documents and by-laws of the company,"
+  it said.
+      The group said it had held discussions with third parties
+  to gauge their interest in joining the shareholder group, but
+  no agreements were reached.
+      Talks with third parties are expected to continue, the
+  shareholder group said.
+      Between October 13 and 16, Barris Industries bought
+  1,322,200 shares of Media General Class A common stock 42.50
+  dlrs to 45.50 dlrs a share in open market transactions, and
+  another 12,000 shares privately.
+  
+
diff --git a/reuters/test/21291 b/reuters/test/21291
new file mode 100644
index 0000000000000000000000000000000000000000..30e829cae484f0b845e4221d517d10fdfec0c36c
--- /dev/null
+++ b/reuters/test/21291
@@ -0,0 +1,12 @@
+S-K-I <SKII.O> TO BUY CALIFORA SKI AREA
+  S-K-I Ltd and <Goldmine Ski
+  Associates Inc> said they reached an agreement calling for
+  S-K-I to buy Goldmine's California ski area for approximately
+  10 mln dlrs.
+      S-K-I, which owns Killlington and Mount Snow ski resorts in
+  Vt., said the California ski area is located in the San
+  Bernardino mountains.
+      The company said it plans to invest approximately 10 mln
+  dlrs into the ski area in the next few years.
+  
+
diff --git a/reuters/test/21292 b/reuters/test/21292
new file mode 100644
index 0000000000000000000000000000000000000000..c5267d2c3cc4f3066ac26b605d975aa13368ef89
--- /dev/null
+++ b/reuters/test/21292
@@ -0,0 +1,9 @@
+ALLEGIS'<AEG>WESTIN SETS NEWS CONFERENCE ON SALE
+  Westin Hotels and Resorts, a subsidiary
+  of Allegis Corp, said it will hold a press conference on
+  October 21 near San Francisco to discuss the pending sale of
+  the 61-hotel chain by Allegis.
+      Allegis has said that it plans to sell Westin buyt has not
+  announced that a deal has been set.
+  
+
diff --git a/reuters/test/21293 b/reuters/test/21293
new file mode 100644
index 0000000000000000000000000000000000000000..f7cc0c5ca6122168b6066a33a0f6491b23fedbfc
--- /dev/null
+++ b/reuters/test/21293
@@ -0,0 +1,29 @@
+SWEDEN'S BOLIDEN TO OPEN SAUDI ARABIAN GOLD MINE
+  Mining group Boliden AB said it had
+  agreed with Saudi state agency General Petroleum and Mineral
+  Organisation (Petromin) to open a gold mine in Saudi Arabia to
+  exploit one of the world's richest deposits of the metal.
+      Boliden spokesman Goran Paulson told Reuters the Swedish
+  group would  be responsible for the technical side of the
+  operation and would have no control over the product itself.
+      He said one option under discussion for refining the gold
+  ore would be to ship it to Boliden's Ronnskar copper smelter in
+  northern Sweden.
+      Paulson declined to give a figure for the deal but said it
+  was strategically important since it increased Boliden's
+  presence in Saudi Arabia.
+      "Representatives from Petromin have visited Ronnskar
+  already...We see Saudi Arabia as the expansion area of the
+  future," he said.
+      The new mine, which is being developed at Mahd adh Dhahab
+  in the west of the country and should open in the first half of
+  1988, would have an annual output of about 3,000 kilos of gold
+  smelted from around 120,000 tons of ore, he said.
+      Boliden already owns 50 pct of a gold ore deposit in Saudi
+  Arabia, but the new venture will be the first Saudi mine to
+  open in modern times.
+      "This is a breakthrough for Boliden's sales of mining
+  technology and knowhow," said the group's chief executive, Kjell
+  Nilsson.
+  
+
diff --git a/reuters/test/21295 b/reuters/test/21295
new file mode 100644
index 0000000000000000000000000000000000000000..d6a724a9e099bb3973ae2fb0b7c19843968aed71
--- /dev/null
+++ b/reuters/test/21295
@@ -0,0 +1,10 @@
+AMERICAN REPUBLIC BANCORP <ARBC.O> 3RD QTR NET
+  Shr profit 32 cts vs profit nine cts
+      Net profit 413,000 vs profit 63,000
+      Avg shrs 1,278,360 vs 728,476
+      Nine Mths
+      Shr profit 68 cts vs loss 57 cts
+      Net profit 708,000 vs loss 415,000
+      Avg shrs 1,041,697 vs 728,476
+  
+
diff --git a/reuters/test/21297 b/reuters/test/21297
new file mode 100644
index 0000000000000000000000000000000000000000..29e9c76801982fc4f0d6d3034ad2c7b7cec0e6d9
--- /dev/null
+++ b/reuters/test/21297
@@ -0,0 +1,9 @@
+CAL FED INCOME <CFI> BUYS TWO SHOPPING CENTERS
+  Cal Fed Income Partners L.P. said it
+  has acquired two shopping centers for a total price of 18.4 mln
+  dlrs.
+      The company said it bought Best Plaza Shopping Center in
+  Pleasanton, Calif., For 12 mln dlrs and Bristol Place Shopping
+  Center in Santa Ana, Calif., for 16.4 mln dlrs.
+  
+
diff --git a/reuters/test/21298 b/reuters/test/21298
new file mode 100644
index 0000000000000000000000000000000000000000..6be3c9fbf7337f099e349661cba41805aa73d341
--- /dev/null
+++ b/reuters/test/21298
@@ -0,0 +1,8 @@
+FIRSTIER FINANCIAL INC <FRST.O> 3RD QTR NET
+  Shr 1.05 dlrs vs 74 cts
+      Net 5,244,000 vs 3,684,000
+      Nine Mths
+      Shr 2.93 dlrs vs 2.14 dlrs
+      Net 14.6 mln vs 10.6 mln
+  
+
diff --git a/reuters/test/21300 b/reuters/test/21300
new file mode 100644
index 0000000000000000000000000000000000000000..2a07a043586533524ea7f6a3aa4f4d40b37e396e
--- /dev/null
+++ b/reuters/test/21300
@@ -0,0 +1,18 @@
+SOUTHWEST BANCORP <SWB> 3RD QTR LOSS
+  Shr loss primary 82 cts vs profit 15 cts
+      Shr loss diluted 82 cts vs 13 cts
+      Net loss 4,134,000 vs profit 649,000
+      Avg shrs 5,030,000 vs 3,927,000
+      Nine Mths
+      Shr loss primary 80 cts vs profit 37 cts
+      Shr loss diluted 80 cts vs 32 cts
+      Net loss 3,615,000 vs profit 1,652,000
+      Avg shrs 4,557,000 vs 3,927,000
+      Loans 231.2 mln vs 221.5 mln
+      Deposits 323.3 mln vs 281.9 mln
+      Assets 368.3 mln vs 346.5 mln
+      Note: Prior qtr and nine mth figures include operating loss
+  carryforward gains of 105,000 dlrs, or two cts per share and
+  195,000 dlrs, or four cts per share, respectively.
+  
+
diff --git a/reuters/test/21301 b/reuters/test/21301
new file mode 100644
index 0000000000000000000000000000000000000000..7b92297ec9af2dddec498d9871f9ff04aa35fab1
--- /dev/null
+++ b/reuters/test/21301
@@ -0,0 +1,11 @@
+SHAMROCK CAPITAL COMPLETES CENTRAL SOYA SALE
+  Shamrock Capital L.P, a limited
+  partnership led by Shamrock Holdings Inc, said it completed its
+  sale of Central Soya Co Inc to Ferruzzi Agricola Finanziaria of
+  Italy.
+      Under terms of the sale agreement, which was announced on
+  September 15, Ferruzzi acquired all the equity in Central Soya
+  and assumed subordinated term debt of about 195 mln dlrs in a
+  transaction valued at about 370 mln dlrs.
+  
+
diff --git a/reuters/test/21302 b/reuters/test/21302
new file mode 100644
index 0000000000000000000000000000000000000000..da726e3f0a6deec1ae844067b3aeada062be63b0
--- /dev/null
+++ b/reuters/test/21302
@@ -0,0 +1,18 @@
+MARTIN MARIETTA <ML> 3RD QTR NET
+  Shr 1.02 dlrs vs 96 cts
+      Net 55.6 mln vs 53.2 mln
+      Revs 1.3 billion vs 1.2 billion
+      Nine mths
+      Shr 3.13 dlrs vs 2.88 dlrs
+      Net 171.3 mln vs 159.0 mln
+      Revs 3.8 billion vs 3.5 billion
+      NOTE: 1987 3rd qtr and nine mths includes one time
+  after-tax charge of 14.3 mln dlrs or 26 cts a share for
+  previously announced anticipated sale in the fourth quarter of
+  an investment in Equatorial Communications Co.
+      1986 amounts restated, increasing net by four cts a share,
+  for change in pension expense accounting.
+      Backlog on September 30, 1987 was 9.3 billion dlrs, which
+  company said was a record.
+  
+
diff --git a/reuters/test/21303 b/reuters/test/21303
new file mode 100644
index 0000000000000000000000000000000000000000..74603ff77844a6324c272f296c3aa682262dab65
--- /dev/null
+++ b/reuters/test/21303
@@ -0,0 +1,11 @@
+STOLTENBERG ASSUMES COOPERATION WILL CONTINUE
+  The West German government assumes that the
+  commitment to international monetary cooperation which was
+  renewed in Washington last month will continue, a Finance
+  Ministry spokesman quoted Finance Minister Gerhard Stoltenberg
+  as saying.
+      Stoltenberg's statement was a reaction to criticism of
+  rises in West German interest rates voiced by U.S. Treasury
+  Secretary James Baker over the weekend.
+  
+
diff --git a/reuters/test/21307 b/reuters/test/21307
new file mode 100644
index 0000000000000000000000000000000000000000..2e99b11c56a6a084e14c14ee191c091f7901c63a
--- /dev/null
+++ b/reuters/test/21307
@@ -0,0 +1,5 @@
+BARRIS IND. SAYS IT LEADS GROUP WITH 9.8 PCT OF MEDIA GENERAL, MAY SEEK CONTROL
+
+  BARRIS IND. SAYS IT LEADS GROUP WITH 9.8 PCT OF MEDIA GENERAL, MAY SEEK CONTROL
+  
+
diff --git a/reuters/test/21308 b/reuters/test/21308
new file mode 100644
index 0000000000000000000000000000000000000000..abdf541d69a71d268f7881f78e76ae14a5dcf172
--- /dev/null
+++ b/reuters/test/21308
@@ -0,0 +1,13 @@
+NEIMAN-MARCUS GROUP INC <NMG> 2ND QTR AUG 2 LOSS
+  Shr not given
+      Net loss 69.0 mln vs profit 3,682,000
+      Revs 258.3 mln vs 229.6 mln
+      Six mths
+      Shr loss 58.8 mln vs profit 13.3 mln
+      Revs 517.9 mln vs 466.5 mln
+      NOTE: Company recently spun off from Carter Hawley Hale
+  Stores Inc <CHH>. Current year net both periods includes 40.8
+  mln dlrs in pretax charges from Carter Hawley Hale
+  restructuring.
+  
+
diff --git a/reuters/test/21314 b/reuters/test/21314
new file mode 100644
index 0000000000000000000000000000000000000000..128ec26ef12d54fab12fc68ed2162df6bee43935
--- /dev/null
+++ b/reuters/test/21314
@@ -0,0 +1,13 @@
+ARIZONA SILVER <ASC> REPORTS ON BURRO CREEK
+  Arizona Silver Corp
+  said diamond drilling on its Burro Creek Mine Property, located
+  65 miles southeast of Kingman, Ariz., has begun.
+      The company said a report indicated that the Burro Creek
+  project area which covers 800 acres, could have potential
+  reserves of three to four mln tons of gold and silver
+  mineralization.
+      Drill sites have been established and a diamond drilling
+  program consisting of an initial 5,000 feet of drilling began
+  October 13, the company said.
+  
+
diff --git a/reuters/test/21315 b/reuters/test/21315
new file mode 100644
index 0000000000000000000000000000000000000000..eaa4cba3058731a24576a061e6365118086b6130
--- /dev/null
+++ b/reuters/test/21315
@@ -0,0 +1,13 @@
+DELUXE CHECK PRINTERS INC <DLX> 3RD QTR NET
+  Shr 50 cts vs 35 cts
+      Net 42.7 mln vs 29.9 mln
+      Revs 236.5 mln vs 218.2 mln
+      Nine mths
+      Shr 1.24 dlrs vs 1.02 dlrs
+      Net 105.8 mln vs 86.9 mln
+      Revs 702.5 mln vs 642.5 mln
+      NOTE: 1987 nine-month earnings include nonrecurring gain of
+  nine cents a share from sale of the company's Data Card
+  investment.
+  
+
diff --git a/reuters/test/21318 b/reuters/test/21318
new file mode 100644
index 0000000000000000000000000000000000000000..e0b27f87baa780a12a2a9501376e127c2af0ea4d
--- /dev/null
+++ b/reuters/test/21318
@@ -0,0 +1,17 @@
+TRANSAMERICA <TA> UNIT BUYS REINSURANCE UNIT
+  Transamerica Insurance Group, the
+  main property-liability insurance operation of Transamerica
+  Corp, said it signed a definitive agreement to acquire a
+  newly-formed insurer, Commerical Risk Underwriters Insurance
+  Co, from <Clarendon Group Ltd>.
+      Transamerica said the unit, which will be renamed
+  Transamerica Reinsurance Co, will initially be capitalized at
+  about 185 mln dlrs.
+      Transamerica said the acquisition represents its first move
+  into specialty treaty reinsurance.
+      The company said about 28 members of Clarendon will join
+  Transamerica as part of the acquisition, which is expected to
+  close in November and is subject to various regulatory
+  approvals.
+  
+
diff --git a/reuters/test/21319 b/reuters/test/21319
new file mode 100644
index 0000000000000000000000000000000000000000..9bc45c2aab0a0bf2cdf5e396e47c931c9fdb3879
--- /dev/null
+++ b/reuters/test/21319
@@ -0,0 +1,23 @@
+INDUSTRIAL EQUITY HAS 5.4 PCT OF TRITON <OIL>
+  A group of firms led by Hong
+  Kong-based Industrial Equity (Pacific) Ltd, said it acquired
+  969,515 shares of Triton Oil Corp common stock, or 5.4 pct of
+  the company's common stock outstanding.
+      Industrial Equity (Pacific), which is controlled by
+  Brierley Investments Ltd <BRYW.WE> and which has applied with
+  U.S. antitrust regulators to buy up to 50 pct of Triton's
+  common stock, said the current 5.4 pct stake was acquired for
+  investment purposes.
+      The company said it informed Triton of its present "good
+  faith intention" to buy more than 15 mln dlrs worth of Triton
+  stock.
+      It said it also told Triton it "may depending on market
+  conditions acquire 50 pct or more and possibly 100 pct of the
+  voting securities of (Triton)."
+      It said it received clearance to buy up to 50 pct of the
+  stock on September 11.
+      Industrial Equity (Pacific) reported it bought 250,000
+  shares of Triton common stock on October 8 at 22.50 dlrs a
+  share.
+  
+
diff --git a/reuters/test/21321 b/reuters/test/21321
new file mode 100644
index 0000000000000000000000000000000000000000..439392889a96d4482ea0e51f4334e17f2e6c7f47
--- /dev/null
+++ b/reuters/test/21321
@@ -0,0 +1,36 @@
+UK SUGAR FACTORY CLOSES DUE TO SHORTAGE OF BEET
+  British Sugar Plc was forced to shut its
+  Ipswich sugar factory on Sunday afternoon due to an acute
+  shortage of beet supplies, a spokesman said, responding to a
+  Reuter inquiry
+      Beet supplies have dried up at Ipswich due to a combination
+  of very wet weather, which has prevented most farmers in the
+  factory's catchment area from harvesting, and last week's
+  hurricane which blocked roads.
+      The Ipswich factory will remain closed until roads are
+  cleared and supplies of beet build up again.
+      This is the first time in many years that a factory has
+  been closed in mid-campaign, the spokesman added.
+      Other factories are continuing to process beet normally,
+  but harvesting remains very difficult in most areas.
+      Ipswich is one of 13 sugar factories operated by British
+  Sugar. It processes in excess of 500,000 tonnes of beet a year
+  out of an annual beet crop of around eight mln tonnes.
+      Despite the closure of Ipswich and the severe harvesting
+  problems in other factory areas, British Sugar is maintaining
+  its estimate of sugar production this campaign at around 1.2
+  mln tonnes, white value, against 1.34 mln last year, the
+  spokesman said.
+      British Sugar processes all sugar beet grown in the U.K.
+      The sugar beet processing campaign, which began last month,
+  is expected to run until the end of January. Sugar factories
+  normally work 24 hours a day, seven days a week during the
+  campaign.
+      As of October 11, 12 pct of the U.K. Sugar crop had been
+  harvested, little different to the same stage last year when 13
+  pct had been lifted. Since then, however, very wet weather has
+  severely restricted beet lifting.
+      Harvesting figures for the week to October 18 are not yet
+  available.
+  
+
diff --git a/reuters/test/21322 b/reuters/test/21322
new file mode 100644
index 0000000000000000000000000000000000000000..70f321bfee013af54889748e7b5a10adb186bc08
--- /dev/null
+++ b/reuters/test/21322
@@ -0,0 +1,16 @@
+HOME SAVINGS BANK OF BROOKLYN <HMSB.O> 3RD QTR
+  Shr 57 cts vs not given
+      Net 6,889,000 vs 10.7 mln
+      Nine mths
+      Shr 1.67 dlrs vs not given
+      Net 20.1 mln vs 23.0 mln
+      NOTE: Company went public in November 1986.
+      1986 net both periods includes 5,642,000 dlr pretax gain on
+  sale of branches.
+      Net includes securities and loan sales loss 90,000 dlrs
+  pretax vs gain 46,000 dlrs in quarter and gains 1,213,000 dlrs
+  vs 2,605,000 dlrs in nine mths and loan losxs provisions
+  125,000 dlrs vs 30,000 dlrs in quarter and 275,000 dlrs vs
+  90,000 dlrs in nine mths.
+  
+
diff --git a/reuters/test/21323 b/reuters/test/21323
new file mode 100644
index 0000000000000000000000000000000000000000..c414f181ddd39de7c9d73a086e1642decfc150b7
--- /dev/null
+++ b/reuters/test/21323
@@ -0,0 +1,5 @@
+ Stoltenberg says he assumes monetary cooperation will continue
+
+   Stoltenberg says he assumes monetary cooperation will continue
+  
+
diff --git a/reuters/test/21324 b/reuters/test/21324
new file mode 100644
index 0000000000000000000000000000000000000000..250d4f24731772abc225f372f35ef0534ba21aeb
--- /dev/null
+++ b/reuters/test/21324
@@ -0,0 +1,17 @@
+MCI COMMUNICATIONS CORP <MCIC.O> 3RD QTR NET
+  Shr eight cts vs six cts
+      Net 22 mln vs 18 mln
+      Revs 994 mln vs 910 mln
+      Nine mths
+      Shr 19 cts vs 20 cts
+      Net 55 mln vs 54 mln
+      Revs 2.9 billion vs 2.7 billion
+      NOTE: 1987 3rd qtr and nine mths include pre-tax gains of
+  from antitrust settlement of 2,000,000 dlrs and 6,000,000 dlrs
+  respectively.
+      3rd qtr 1986 includes pre-tax gain of 65 mln dlrs from sale
+  of MCI Airsignal subsidiary, and after-tax extraordinary loss
+  of 17 mln dlrs from early redemption of 9-1/2 pct subordinated
+  notes.
+  
+
diff --git a/reuters/test/21325 b/reuters/test/21325
new file mode 100644
index 0000000000000000000000000000000000000000..db88268874344a754fd3c0a184ca43c56eee4f65
--- /dev/null
+++ b/reuters/test/21325
@@ -0,0 +1,15 @@
+STERLING DRUG INC <STY> 3RD QTR NET
+  Shr 1.03 dlrs vs 88 cts
+      Net 59.5 mln vs 51.9 mln
+      Revs 641.7 mln vs 557.8 mln
+      Avg shrs 57.4 mln vs 59.0 mln
+      Nine mths
+      Shr 2.51 dlrs vs 2.14 dlrs
+      Net 145.2 mln vs 126.4 mln
+      Revs 1.71 billion vs 1.47 billion
+      Avg shrs 57.8 mln vs 59.0 mln
+     
+      NOTE: 1986 figures restated to reflected change in
+  accounting methods related to pension expenses.
+  
+
diff --git a/reuters/test/21330 b/reuters/test/21330
new file mode 100644
index 0000000000000000000000000000000000000000..613ea2c9020a400de68f2adc2a3fa7d90167b3f7
--- /dev/null
+++ b/reuters/test/21330
@@ -0,0 +1,12 @@
+FPL GROUP INC <FPL> 3RD QTR NET
+  Shr 1.16 dlrs vs 1.19 dlrs
+      Net 151.4 mln vs 152.4 mln
+      Revs 1.31 billion vs 1.17 billion
+      Avg shrs 130.0 mln vs 127.6 mln
+      12 mths
+      Shr 3.03 dlrs vs 2.85 dlrs
+      Net 392.7 mln vs 353.0 mln
+      Revs 4.32 billion vs 4.14 billion
+      Avg shrs 129.8 mln vs 123.9 mln
+  
+
diff --git a/reuters/test/21331 b/reuters/test/21331
new file mode 100644
index 0000000000000000000000000000000000000000..a2913ae8a2e85593779918370d04533695a8c7e6
--- /dev/null
+++ b/reuters/test/21331
@@ -0,0 +1,5 @@
+ French 13-week T-Bill rate rises to 8.54 pct from 7.65 -- Bank of France
+
+   French 13-week T-Bill rate rises to 8.54 pct from 7.65 -- Bank of France
+  
+
diff --git a/reuters/test/21333 b/reuters/test/21333
new file mode 100644
index 0000000000000000000000000000000000000000..3d3ec7caf8c82927e59ab8d12af27132d23320d4
--- /dev/null
+++ b/reuters/test/21333
@@ -0,0 +1,31 @@
+MULTIFOODS <IMC> FILES SUIT AGAINST BREGMAN
+  International Multifoods Corp
+  said it filed a suit charging Bregman Partners and its
+  affiliates unlawfully planned to acquire control of the
+  company.
+      In a suit filed in U.S. District Court, International
+  Multifoods said Bregman Partners and its affiliates, who
+  reportedly hold 7.4 pct of the company's shares, tried to
+  induce Multifood's management to join them in an effort to take
+  the company private and give controlling interest to Bregman
+  Partners. Bregman Partners include the interests of the
+  Belzberg families of Canada.
+      The complaint also discloses that on each occasion,
+  Multifoods management rejected the group's overtures.
+      Multifoods is asking Bregman's group to divest its shares
+  in open market sales in a manner not to further disrupt the
+  market place, according to the suit. The suit seeks
+  compensatory and punitive damages in an amount to be
+  determined.
+      In addition, Multifoods is seeking to stop Bregman Partners
+  from acquiring any more stock, or voting the shares it
+  reportedly owns, the suit said.
+      According to Multifoods, the actions proposed by Bregman
+  Partners would prevent shareholders from realizing the full
+  benefits of the company's restructuring.
+      In the past three years, Multifoods has substantially
+  altered its domestic business mix by divesting its U.S.
+  consumere foods operations and emphasizing growth in selected
+  segments of the U.S. foodservice industry.
+  
+
diff --git a/reuters/test/21336 b/reuters/test/21336
new file mode 100644
index 0000000000000000000000000000000000000000..664939ac9b92ef049dec07c081fe10f37e202be3
--- /dev/null
+++ b/reuters/test/21336
@@ -0,0 +1,21 @@
+AT AND T <T> 3RD QTR NET
+  Shr 47 cts vs 48 cts
+      Net 505.0 mln vs 533.0 mln
+      Revs 8.47 billion vs 8.43 billion
+      Nine mths.
+      Shr 1.42 dlrs vs 1.16 dlrs
+      Net 1.55 billion vs 1.31 billlion
+      Revs 25.0 billion vs 25.56 billion
+      NOTE: Full name is American Telephone and Telegraph Co.
+      NOTE: Prior quarter and nine mth net reduced by 25 mln
+  dlrs, or two cts per share, for estimated costs to reduce
+  workforce and consolidate various facilities. Prior qtr and
+  nine mths include pretax gain of 73 mln dlrs from damages paid
+  by Republic of Iran and pretax gain of 40 mln dlrs from change
+  in company's ownership in ING C. Olivetti SpA. After tax these
+  gains added 68 mln dlrs, or six cts per shr, to net income.
+      Prior qtr and nine mth results were previously restated to
+  reflect a change in depreciation methods that reduced net
+  income by 175 mln dlrs, or 16 cts per share.
+  
+
diff --git a/reuters/test/21337 b/reuters/test/21337
new file mode 100644
index 0000000000000000000000000000000000000000..dd146b56369e4b2203ed926d16bd5f6e4616882f
--- /dev/null
+++ b/reuters/test/21337
@@ -0,0 +1,14 @@
+GORDON JEWELRY CORP <GOR> 4TH QTR AUG 31 LOSS
+  Shr loss 13 cts vs loss 20 cts
+      Net loss 1,343,266 vs loss 2,086,086
+      Revs 82.3 mln vs 80.3 mln
+      Year
+      Shr loss 1.83 dlrs vs profit 1.24 dlrs
+      Net loss 19.2 mln vs profit 13.4 mln
+      Revs 388.1 mln vs 370.3 mln
+      NOTE: 1987 year includes charge 15.0 mln dlrs pre-tax for
+  inventory valuation allowance.
+      1987 year also includes charge 12.8 mln dlrs from
+  discontinued operations.
+  
+
diff --git a/reuters/test/21339 b/reuters/test/21339
new file mode 100644
index 0000000000000000000000000000000000000000..e905a19bce3f0cb712b7bcccd227a6840f3c868e
--- /dev/null
+++ b/reuters/test/21339
@@ -0,0 +1,13 @@
+WEST GERMANY STILL COMMITTED TO LOUVRE ACCORD
+  West German government sources said Bonn
+  remained committed to the Louvre Accord to stabilise
+  currencies, which was struck by leading western democracies in
+  Paris last February.
+      Over the weekend, U.S. Treasury Secretary James Baker
+  criticised recent rises in West German short-term interest
+  rates and said such developments were not in the spirit of the
+  Louvre pact. He said the agreement may have to be re-examined.
+      The sources said the West German interest rate rises had to
+  be seen in the context of interest rate developments worldwide.
+  
+
diff --git a/reuters/test/21342 b/reuters/test/21342
new file mode 100644
index 0000000000000000000000000000000000000000..b46dc6cb60ac71a363ce2682a75bea5398bbb50c
--- /dev/null
+++ b/reuters/test/21342
@@ -0,0 +1,14 @@
+FDIC'S SEIDMAN SAYS HIGHER RATES COULD HARM BANKS
+  Federal Deposit Insurance Corp Chairman
+  William Seidman said he would be concerned about the impact on
+  banks of a further sharp rise in interest rates.
+      However, Seidman, attending the American Bankers
+  Association convention, said he did not expect rates to rise
+  much higher and said the outlook for the U.S. economy and for
+  banking was sound.
+      "The potential for greater interest rate rises gives us
+  concern. We see nothing right now in the outlook that causes us
+  to believe rates are going much higher or that the economy is
+  not sound," Seidman told a news conference.
+  
+
diff --git a/reuters/test/21343 b/reuters/test/21343
new file mode 100644
index 0000000000000000000000000000000000000000..f3bccd6bc209727e420e3a094cad3d2f0dcde9d5
--- /dev/null
+++ b/reuters/test/21343
@@ -0,0 +1,14 @@
+FED SEEN ADDING RESERVES VIA SYSTEM REPOS
+  The Federal Reserve is expected to enter
+  the government securities market to supply reserves to the
+  banking system via system repurchase agreements, economists
+  said.
+      Most economists said the Fed would execute three-day system
+  repurchases to meet a substantial need to add reserves in the
+  current maintenance period, although some said a more
+  aggressive add via overnight system repos was possible.
+      Federal funds opened at 7-5/8 pct and remained at that
+  level late this morning, compared with an average effective
+  rate of 7.55 pct Friday.
+  
+
diff --git a/reuters/test/21346 b/reuters/test/21346
new file mode 100644
index 0000000000000000000000000000000000000000..6be97d66d87e1b6479f9b301f61bccd4120bd3d4
--- /dev/null
+++ b/reuters/test/21346
@@ -0,0 +1,8 @@
+STANDARD PRODUCTS CO <SPD> 1ST QTR SEPT 30 NET
+  Shr 40 cts vs 54 cts
+      Net 4,442,000 vs 6,375,000
+      Sales 102.8 mln vs 102.5 mln
+      Avg shrs 11.1 mln vs 11.6 mln
+      NOTE: Share adjusted for August 1987 five-for-four split.
+  
+
diff --git a/reuters/test/21350 b/reuters/test/21350
new file mode 100644
index 0000000000000000000000000000000000000000..a9aa0f924bffc33dc71c0a3f99f94326cbe7aaa0
--- /dev/null
+++ b/reuters/test/21350
@@ -0,0 +1,8 @@
+BANKEAST CORP <BENH.O> 3RD QTR NET
+  Shr 17 cts vs 37 cts
+      Net 1,783,000 vs 4,028,000
+      Nine mths
+      Shr 52 cts vs 1.03 dlrs
+      Net 5,587,000 vs 11.1 mln
+  
+
diff --git a/reuters/test/21352 b/reuters/test/21352
new file mode 100644
index 0000000000000000000000000000000000000000..a1335136753314d313b1ed9eb24386502e1d14a7
--- /dev/null
+++ b/reuters/test/21352
@@ -0,0 +1,10 @@
+DALLAS CORP <DLS> 3RD QTR NET
+  Shr 30 cts vs 12 cts
+      Net 2,191,000 vs 852,000
+      Sales 106.6 mln vs 102.9 mln
+      Nine mths
+      Shr 44 cts vs 40 cts
+      Net 3,236,000 vs 2,919,000
+      Sales 297.9 mln vs 297.9 mln
+  
+
diff --git a/reuters/test/21354 b/reuters/test/21354
new file mode 100644
index 0000000000000000000000000000000000000000..383e9723ae52e21e1151dca80e9fa90fd83745f8
--- /dev/null
+++ b/reuters/test/21354
@@ -0,0 +1,14 @@
+ANCHOR GLASS CONTAINER CORP <ANC> 3RD QTR NET
+  Shr 34 cts vs 62 cts
+      Net 4,717,000 vs 8,277,000
+      Revs 213.4 mln vs 158.7 mln
+      Nine mths
+      Oper shr 1.18 dlrs vs 1.54 dlrs
+      Oper net 16.2 mln vs 17.8 mln
+      Revs 517.2 mln vs 451.4 mln
+      Avg shrs 13.7 mln vs 11.6 mln
+      NOTE: 1986 nine mths net exclude204,000 dlr gain from
+  reversion of pension assets. 1987 net both periods includes
+  pretax charge 692,000 dlrs from amortization of goodwill.
+  
+
diff --git a/reuters/test/21356 b/reuters/test/21356
new file mode 100644
index 0000000000000000000000000000000000000000..7d814b34c23ba6c072f93dbbaabc9aefda0a612d
--- /dev/null
+++ b/reuters/test/21356
@@ -0,0 +1,14 @@
+MIDDLE SOUTH UTILITIES INC <MSU> 3RD QTR NET
+  Shr 90 cts vs 84 cts
+      Net 185.5 mln vs 171.5 mln
+      Revs 1.08 billion vs 1.07 billion
+      Nine mths
+      Shr 1.85 dlrs vs 1.90 dlrs
+      Net 378.9 mln vs 389.5 mln
+      Revs 2.67 billion vs 2.69 billion
+      12 mths
+      Shr 2.15 dlrs vs 1.87 dlrs
+      Net 440.7 mln vs 382.0 mln
+      Revs 3.47 billion vs 3.47 billion
+  
+
diff --git a/reuters/test/21357 b/reuters/test/21357
new file mode 100644
index 0000000000000000000000000000000000000000..f8696f875820a746b147cd9ba3ee47ffe8d1e04a
--- /dev/null
+++ b/reuters/test/21357
@@ -0,0 +1,29 @@
+INDUSTRIAL EQUITY TO MAKE PROPOSAL TO CALMAT<CZM>
+  Industrial Equity (Pacific) Ltd, a
+  Hong Kong-based investment firm leading a group holding 19.1
+  pct of Calmat Co's common stock, said it intends to submit to
+  Calmat a proposal for a possible business combination.
+      In a filing with the Securities and Exchange Commission,
+  Industrial Equity (Pacific) did not disclose details of the
+  proposal, but said it would be delivered to Calmat in the near
+  future.
+      Industrial Equity (Pacific) "does not intend to remain a
+  passive investor" in Calmat, the firm told the SEC.
+      In its SEC filing, Industrial Equity (Pacific) said its
+  president of North American operations Ronald Langley met with
+  Calmat officials on October 14 to discuss an acquisition of the
+  company at a premium over the market price of Calmat stock.
+      Industrial Equity (Pacific) added it is considering
+  launching a tender offer for Calmat stock or making a merger
+  proposal to the company, but said it has not decided whether it
+  will pursue a Calmat acquisition on a non-negotiated basis.
+      Industrial Equity (Pacific), which currently holds 5.83 mln
+  Calmat common shares, said it is also evaluating the company's
+  recently adopted shareholder rights plan and its potential
+  effect on Calmat and on possible acquisition proposals made to
+  the company.
+      Between October 2 and 14, Industrial Equity (Pacific)
+  bought 918,900 shares of Calmat common stock at 33 dlrs to
+  37.55 dlrs a share, or a total of about 33.8 mln dlrs.
+  
+
diff --git a/reuters/test/21358 b/reuters/test/21358
new file mode 100644
index 0000000000000000000000000000000000000000..ddba2ec7a07066715a98dce38b2ce1b9a9c58853
--- /dev/null
+++ b/reuters/test/21358
@@ -0,0 +1,12 @@
+OREGON STEEL BUYS KAISER'S NAPA VALLEY PLANT
+  Kaiser Steel Corp's plant in Napa,
+  Calif, has been purchased by Oregon Steel Mills for 16 mln
+  dlrs, the privately owned Portland company said.
+      The transaction was approved by the U.S. bankruptcy judge
+  in Denver who is hearing Kaiser Steel's Chapter 11
+  reorganization case.
+      James Mccaughey, former vice president of sales for Kaiser,
+  has been named general manager for the plant, which will be
+  called Napa Pipe Corp, Oregon Steel said.
+  
+
diff --git a/reuters/test/21359 b/reuters/test/21359
new file mode 100644
index 0000000000000000000000000000000000000000..cb3e2155b1e21d799491b1925b0daade8f4ff811
--- /dev/null
+++ b/reuters/test/21359
@@ -0,0 +1,28 @@
+UNISYS CORP <UIS> 3RD QTR NET
+  Shr primary 68 cts vs 34 cts
+      Shr diluted 65 cts vs 34 cts
+      Net 129.7 mln vs 52.9 mln
+      Revs 2.22 billlion vs 2.42 billion
+      Avg shrs primary 152.1 mln vs 147.1 mln
+      Avg shrs diluted 199.8 mln vs 147.1 mln
+      Nine mths
+      Shr primary 1.89 dlrs vs 1.00 dlrs
+      Shr diluted 1.84 dlrs vs 1.00 dlrs
+      Net 361.1 mln vs 145.1 mln
+     
+      Revs 6.91 billion vs 4.90 billion
+      Avg shrs primary 151.0 mln vs 146.4 mln
+      Avg shrs diluted 198.7 mln vs 146.4 mln
+      NOTE: Earnings per share for 1986 have been restated to
+  reflect 3-for-1 split effective July 8, 1987.
+      Results for three and nine mths 1986 includes results from
+  July 1, 1986, of Sperry Corp, acquired on Sept 16, 1986, with
+  net income reflecting ownership in Sperry of about 51 pct for
+  the months of July and August, and 100 pct for the month of
+  Sept 1986.
+     
+      Revenue for 1986 periods reflects reclassification of
+  revenue of divested Sperry operations to other income with no
+  effect on net income.
+  
+
diff --git a/reuters/test/21360 b/reuters/test/21360
new file mode 100644
index 0000000000000000000000000000000000000000..3891ef0ddf280985d1ac5d2b5f74326d248e5a1f
--- /dev/null
+++ b/reuters/test/21360
@@ -0,0 +1,10 @@
+WOBURN FIVE CENTS SAVINGS <WOBS.O> 1ST QTR NET
+  Shr 24 cts vs 26 cts
+      Net 959,000 vs 1,033,000
+      Assets 273.6 mln vs 236.3 mln
+      Deposits 183.6 mln vs 173.9 mln
+      Loans 133.3 mln vs 104.9 mln
+      NOTE: Full name of company is Woburn Five Cents Savings
+  Bank.
+  
+
diff --git a/reuters/test/21362 b/reuters/test/21362
new file mode 100644
index 0000000000000000000000000000000000000000..31073ae812b97805bc57a2e108e81a89747d9b14
--- /dev/null
+++ b/reuters/test/21362
@@ -0,0 +1,13 @@
+FIRST FEDERAL SAVINGS <FCHT.O> 1ST QTR NET
+  Shr 59 cts
+      Qtly div eight cts vs eight cts prior
+      Net 1,675,000 vs 1,302,000
+      Assets 613.3 mln vs 603.5 mln
+      Deposits 523.7 mln vs 517.8 mln
+      Loans 469.2 mln vs 449.5 mln
+      NOTE: 1986 per share figures not available because bank
+  converted to stock ownership Dec 18, 1986. Dividend payable Dec
+  11 to shareholders of record Nov 13. Full name of company is
+  First Federal Savings and Loan Association of Chattanooga.
+  
+
diff --git a/reuters/test/21363 b/reuters/test/21363
new file mode 100644
index 0000000000000000000000000000000000000000..70ab315ceb87d8f27b2b71647ba125046d15ad49
--- /dev/null
+++ b/reuters/test/21363
@@ -0,0 +1,12 @@
+COASTAL <CGP> RAISES OIL POSTED PRICES
+  Coastal Corp said that effective October
+  16 it had raised posted prices for crude oil by 50 cts a
+  barrel.
+      The increase brings West Texas Intermediate to 9.00 dlrs a
+  barrel and West Texas Sour to 18.10 dlrs a barrel.
+      Sun Co <SUN> announced that it would make a 50 cts a barrel
+  increase late Friday bringing WTI to 19.00 dlrs a barrel and
+  traders said that other oil companies could be expected to
+  increase prices.
+  
+
diff --git a/reuters/test/21367 b/reuters/test/21367
new file mode 100644
index 0000000000000000000000000000000000000000..144c73d145296fe114fb93deed61208013805074
--- /dev/null
+++ b/reuters/test/21367
@@ -0,0 +1,29 @@
+STUDY SAYS PORK LEANER THAN USDA FIGURES SHOW
+  An Iowa State University study showed
+  pork contains considerably less fat than indicated by
+  long-established U.S. Department of Agriculture statistics, the
+  National Pork Producers Council (NPPC) said.
+      Six of the seven muscle cuts evaluated in the study
+  averaged 4.3 pct fat or less, well below American Heart
+  Association guidelines for recommended foods. Eighty pct of all
+  the raw boneless rib chops evaluated in the study contained
+  less than six pct fat, the NPPC said.
+      Meanwhile, USDA Handbook 8-10 - long used as the
+  established authority on nutrient composition, indicates a fat
+  content for center loin pork of 7.3 pct, the NPPC said.
+      Robin Kline, a dietitian and Director of Consumer Affairs
+  for the NPPC said he was not surprised at the wide discrepancy
+  between the study and the USDA handbook.
+      "Handbook 8-10 is based to a certain extent on information
+  that has been accumulated over the past 30 years. The
+  statistics in it about pork do not reflect the hog of today
+  which is about 50 pct leaner than it was 20 or 30 years ago,
+  thanks to genetic improvements and better feeding practices,"
+  Kline said.
+      The study, funded by NPPC with producer checkoff money,
+  evaluated pork carcasses from 47 Iowa producers in categories
+  from 0.7 to 1.3 inches of backfat. Researchers measured the fat
+  content of the seven muscles before cooking, and the fat,
+  moisture and tenderness of cooked boneless rib chops.
+  
+
diff --git a/reuters/test/21368 b/reuters/test/21368
new file mode 100644
index 0000000000000000000000000000000000000000..adc5be58d2e63a7ca69a691091f73ec059c4a044
--- /dev/null
+++ b/reuters/test/21368
@@ -0,0 +1,44 @@
+SOVIETS OUTLINE 1988 ECONOMIC TARGETS
+  The Soviet Union outlined its economic
+  targets for 1988 on Monday, stressing the need to improve
+  standards in the country's sluggish engineering industry.
+      Planning chief Nikolai Talyzin told the Supreme Soviet
+  industrial output should rise by 4.5 pct in 1988, up from a
+  planned 4.4 pct in 1987. It rose 3.6 pct in Jan-Sept 1987.
+      Talyzin said national income, the nearest Soviet equivalent
+  to gross national product, should rise by 4.3 pct against a
+  planned 4.1 pct this year. Gross national product measures the
+  output of a country's goods and services.
+      He said the Kremlin planned to produce 235 mln tonnes of
+  grain in 1988 versus a planned 232 mln this year. Moscow
+  produced 210 mln tonnes in 1986.
+      Kremlin leader Mikhail Gorbachev has described
+  machine-builing as a sector whose rapid modernization is
+  essential if the Soviet Union is to compete effectively on
+  world markets.
+      "Certain difficulties have arisen this year in the
+  machine-building industry. The economy is not receiving a
+  considerable amount of the equipment that it requires," said
+  Talyzin, who heads the state planning committee GOSPLAN.
+      Soviet data show the machine-building industry, which makes
+  machine tools, instruments and other engineering goods,
+  increased output by 3.3 pct in the first nine months of 1987
+  compared with the same period last year.
+      However, this was far below the 7.3 pct increase planned
+  for the industry for the whole of 1988.
+      Talyzin said the ruling Politburo had concluded at a recent
+  meeting that an improvement in economic performance depended to
+  a large extent on conserving resources better. "Large-scale
+  measures are planned to save resources," he said.
+      Finance Minister Boris Gostev told the Supreme Soviet that
+  defense spending in 1988 would total 32 billion dlrs, the same
+  figure as was announced last year.
+      Western governments view official Soviet estimates for
+  defense spending as highly understated, but say the real figure
+  is hard to calculate because Soviet military industries are
+  intertwined with the civilian economy.
+      Talyzin said the Kremlin also decided to increase spending
+  next year on medical services, education, pensions and social
+  insurance schemes.
+  
+
diff --git a/reuters/test/21369 b/reuters/test/21369
new file mode 100644
index 0000000000000000000000000000000000000000..f7a54b987c5dee04d5f7ad80fed529c11ceaae7d
--- /dev/null
+++ b/reuters/test/21369
@@ -0,0 +1,27 @@
+TASS DENOUNCES U.S. ATTACK ON IRAN AS ADVENTURISM
+  The official Soviet news agency Tass
+  denounced a U.S. Attack on an Iranian oil-drilling platform in
+  the Gulf on Monday as military adventurism and said it would
+  bring no dividends to the Reagan administration.
+      Tass commentator Mikhail Krutikhin said the administration
+  had embarked on an adventurist path in order to deflect
+  attention from the scandal in which the United States sold arms
+  to Iran and the profits were diverted to Nicaraguan rebels.
+      "The confrontation is a fact now. What is obvious is that
+  the latest military adventure will not bring political
+  dividends to the American administration," Krutikhin said.
+      Soviet leader Mikhail Gorbachev and Foreign Minister Eduard
+  Shevardnadze abruptly left a parliamentary session earlier on
+  Monday, sparking diplomatic speculation that they were
+  concerned with an urgent matter of foreign affairs.
+      Soviet officials have previously criticized the United
+  States for sending naval forces into the Gulf, saying their
+  presence serves to increase tension.
+      Moscow is officially neutral in the war between Iran and
+  Iraq. It is a major arms supplier to Iraq but has also sought
+  broader contacts with Iran in the last year.
+      Krutikhin said: "The United States has undertaken an act of
+  armed aggression against Iran, the probability of which has
+  long been spoken of by Washington officials."
+  
+
diff --git a/reuters/test/21371 b/reuters/test/21371
new file mode 100644
index 0000000000000000000000000000000000000000..bdf97fb9e98c17e612a42aed1bf98d476c8077b5
--- /dev/null
+++ b/reuters/test/21371
@@ -0,0 +1,14 @@
+WORLD TELECOMS WATCHDOG RELAXES CAR PHONE RULES
+  The International Telecommunications
+  Union, which regulates communications worldwide, decided at the
+  end of a five-week conference to allow mobile phone systems to
+  be linked with satellites, telecommunications officials said.
+      Until now, car phones have been linked with land stations
+  and have been limited mainly to urban areas. The new ruling
+  will make it easier for calls to be made from remote regions.
+      The meeting, which finished over the weekend, also decided
+  to allow a "radio determination satellite system," which would
+  enable fleet owners to trace to within about 15 metres the
+  movements of their lorries or cars or ships around the world.
+  
+
diff --git a/reuters/test/21372 b/reuters/test/21372
new file mode 100644
index 0000000000000000000000000000000000000000..7c319ad5f9018ba7c63f5323b4cad687f9b8c8f5
--- /dev/null
+++ b/reuters/test/21372
@@ -0,0 +1,8 @@
+INTERNATIONAL RESEARCH <IRDV.O> 3RD QTR PAYOUT
+  Qtly div nine cts vs nine cts prior qtr
+      Pay Nov 25
+      Record Nov 13
+      Note: Full name is International Research and Development
+  Corp
+  
+
diff --git a/reuters/test/21373 b/reuters/test/21373
new file mode 100644
index 0000000000000000000000000000000000000000..453a1b4df381a6d3dbd54b9f1ff00b86f8c636e9
--- /dev/null
+++ b/reuters/test/21373
@@ -0,0 +1,10 @@
+ROHM AND HAAS CO <ROH> 3RD QTR NET
+  Shr 57 cts vs 54 cts
+      Net 39.3 mln vs 37.3 mln
+      Sales 540.9 mln vs 488.5 mln
+      Nine mths
+      Shr 2.30 dlrs vs 1.58 dlrs
+      Net 158.8 mln vs 108.7 mln
+      Sales 1.67 billion vs 1.60 billion
+  
+
diff --git a/reuters/test/21375 b/reuters/test/21375
new file mode 100644
index 0000000000000000000000000000000000000000..bc65ef18c03791c644b63b7af3b84ccc75932f14
--- /dev/null
+++ b/reuters/test/21375
@@ -0,0 +1,5 @@
+INDUSTRIAL EQUITY TELLS SEC IT WILL SEND CALMAT PROPOSAL FOR BUSINESS COMBINATION
+
+  INDUSTRIAL EQUITY TELLS SEC IT WILL SEND CALMAT PROPOSAL FOR BUSINESS COMBINATION
+  
+
diff --git a/reuters/test/21376 b/reuters/test/21376
new file mode 100644
index 0000000000000000000000000000000000000000..825fa058be850364390a7893262ae2bcd87df48d
--- /dev/null
+++ b/reuters/test/21376
@@ -0,0 +1,32 @@
+IDC SERVICES <IDCS.O> HOLDERS OFFERED 16 DLRS
+  IDC Services Inc said a new company will
+  begin a cash tender offer by October 26 to acquire all of IDC's
+  outstanding common for 16 dlrs a share.
+      The company said the offer is being made under a definitive
+  agreement reached with the new company, IDC Acquisition Corp,
+  formed by Apollo Partners Ltd and investment clients of
+  <Equitable Capital Management Inc>. The agreement calls for the
+  acquisition of IDC for about 62.4 mln dlrs.
+      IDC Acquisition will also tender for all of IDC's
+  outstanding nine pct convertible subordinated debentures.
+     
+      IDC said the merger agreement also provides for payment of
+  an equivalent amount in respect of employee stock options to be
+  cancelled in the merger.
+      As part of the transaction, the company said, it granted
+  IDC Acquisition an option to acquire up to 20 pct of the
+  company's outstanding shares for 16 dlrs per share.
+      It said the planned tender offer is subject to several
+  conditions, including the tendering of over 50 pct of the
+  company's outstanding stock.
+     
+      MIM Holdings Ltd <MIMA.S>, a substantial shareholder in
+  IDC, has agreed it will not buy any additional IDC shares until
+  February seven and has granted IDC Acquisition a right of first
+  refusal on any IDC shares it sells during that period, the
+  company said.
+      It said Apollo Partners was recently organized by three
+  former senior Viacom Inc <VIA> executives, Terrence A. Elkes,
+  George C. Catell and Kenneth F. Gorman.
+  
+
diff --git a/reuters/test/21378 b/reuters/test/21378
new file mode 100644
index 0000000000000000000000000000000000000000..938b709a12d75bc12575e90c3c3894653b1d4c86
--- /dev/null
+++ b/reuters/test/21378
@@ -0,0 +1,13 @@
+MONSANTO CO <MTC> 3RD QTR NET
+  Shr 1.30 dlrs vs 1.85 dlrs
+      Net 100,000,000 vs 144,000,000
+      Sales 1.90 billion vs 1.69 billion
+      Nine mths
+      Shr 5.01 dlrs vs 5.27 dlrs
+      Net 392,000,000 vs 410,000,000
+      Sales 5.79 billion vs 5.31 billion
+      Note: 1986 figures include 63 mln dlrs, or 81 cts a share,
+  of net gains from facilities and businesses sold, shut down or
+  impaired, and other non-recurring income and expenses
+  
+
diff --git a/reuters/test/21380 b/reuters/test/21380
new file mode 100644
index 0000000000000000000000000000000000000000..9d97b1e9e96b12302374c24259c357bca529c03a
--- /dev/null
+++ b/reuters/test/21380
@@ -0,0 +1,5 @@
+COASTAL SAID RAISED OIL POSTINGS 50 CTS A BARREL OCTOBER 16. WTI NOW 19.00 DLRS.
+
+  COASTAL SAID RAISED OIL POSTINGS 50 CTS A BARREL OCTOBER 16. WTI NOW 19.00 DLRS.
+  
+
diff --git a/reuters/test/21382 b/reuters/test/21382
new file mode 100644
index 0000000000000000000000000000000000000000..e01182bfdc51ceaa99700a09faa23ee931d5dbea
--- /dev/null
+++ b/reuters/test/21382
@@ -0,0 +1,28 @@
+IC INDUSTRIES <ICX> MAY SELL AEROSPACE UNIT
+  IC Industries Inc said its board approved
+  a second major step in the reorganization and restructuring of
+  the company.
+      To implement the plan of sharpening its strategic focus on
+  consumer goods and services, the company will give serious
+  consideration to the sale of its Pneumo Abex, its aerospace and
+  defense company, if it can realize a price which will return
+  maximum value to shareholders.
+      In 1986, Pneumo Abex had operating income of 118.1 mln dlrs
+  on sales of 900.5 mln dlrs.
+      IC said it will use the proceeds of any asset sale to
+  invest in new high-return businesses in the consumer goods and
+  services field.
+      The company said it authorized a program to repurchase
+  between 500 mln dlrs and 1.0 billion dlrs of IC's common stock
+  from time to time when conditions warrant.
+      It also said it will begin an immediate cost-reduction
+  program to cust annual operating expenses by 50 mln dlrs.
+      An IC spokesman said the cost-reduction program involved
+  "across-the-board" cuts rather than specific about targeted
+  areas.
+      IC's board earlier approved a plan to spin off the
+  company's Illinois Central Gulf Railroad to shareholders. The
+  company's other major subsidiaries are Pet Inc, Pepsi-Cola
+  General Bottlers, Midas International Corp and Hussmann Corp.
+  
+
diff --git a/reuters/test/21385 b/reuters/test/21385
new file mode 100644
index 0000000000000000000000000000000000000000..626fa0d994283fb4b02e0ec649527bd43dbfc799
--- /dev/null
+++ b/reuters/test/21385
@@ -0,0 +1,10 @@
+GEORGIA GULF CORP <GGLF.O> 3RD QTR NET
+  Shr 1.92 dlrs vs 58 cts
+      Net 27.9 mln vs 9,480,000
+      Sales 176.4 mln vs 137.9 mln
+      Nine mths
+      Shr 3.87 dlrs vs 1.69 dlrs
+      Net 56.7 mln vs 27.6 mln
+      Sales 505.6 mln vs 438.5 mln
+  
+
diff --git a/reuters/test/21386 b/reuters/test/21386
new file mode 100644
index 0000000000000000000000000000000000000000..47df79185e4f60f8d4d9d91f8dfed1fe660ab15a
--- /dev/null
+++ b/reuters/test/21386
@@ -0,0 +1,31 @@
+FINANCIAL CORP OF AMERICA <FIN> 3RD QTR LOSS
+  Shr loss 2.20 dlrs vs profit 24 cts
+      Net loss 75.8 mln vs profit 11.6 mln
+      Avg shrs primary 35.9 mln vs 36.5 mln
+      Avg shrs diluted 39.3 mln vs 39.9 mln
+      Nine mths
+      Shr primary loss 7.04 dlrs vs profit 1.69 dlrs
+      Shr diluted loss 7.04 dlrs vs profit 1.64 dlrs
+      Avg shrs primary 35.9 mln vs 37.2 mln
+      Avg shrs diluted 39.3 mln vs 46.6 mln
+     
+      Net loss 243.4 mln vs profit 72.2 mln
+      Assets 33.4 billion vs 34.1 billion
+      Loans 10.8 billion vs 12.0 billion
+      Deposits 16.9 billion vs 17.0 billion
+      NOTE: Net includes FSLIC sepcial assessment loss of
+  5,429,000 vs 5,193,000 in qtr 1987 vs 1986, and 16.3 mln vs
+  16.0 mln in nine mths 1987 vs 1986.
+      Net includes gain from sale of mortgage-backed securities
+  and loans of 12.4 mln vs 93.4 mln, and 139.7 mln vs 264.0 mln
+  in nine mths 1987 vs 1986.
+     
+      Net includes gain from sale of investments of 64,000 in qtr
+  1987, and 157,000 vs 1,231,000 in nine mths 1987 vs 1986.
+      Net includes provision for losses and discounts of 70.4 mln
+  vs 76.2 mln in qtr 1987 vs 1986, and 315.7 mln vs 161.7 mln in
+  nine mths 1987 vs 1986.
+      Nine mths 1987 included write off of FSLIC secondary
+  reserve of 22.7 mln.
+  
+
diff --git a/reuters/test/21387 b/reuters/test/21387
new file mode 100644
index 0000000000000000000000000000000000000000..d1c63fcd13fdf9e0f6718e4b73992f4d5bcd3c97
--- /dev/null
+++ b/reuters/test/21387
@@ -0,0 +1,7 @@
+ARNOX <ARNX.O> STILL IN MERGER TALKS WITH TXL
+  Arnox Corp said a special
+  committee of its board is continuing talks with <TXL Corp> on
+  the terms of TXL's offer to acquire Arnox at 10 dlrs per share.
+      It said TXL has arranged preliminary financing.
+  
+
diff --git a/reuters/test/21388 b/reuters/test/21388
new file mode 100644
index 0000000000000000000000000000000000000000..bedf121c167d71862ba03058284d5daf31ee5ab3
--- /dev/null
+++ b/reuters/test/21388
@@ -0,0 +1,13 @@
+J.P. MORGAN AND CO INC <JPM> 3RD QTR NET
+  shr profit 1.18 dlrs vs profit 1.15 dlrs
+      net profit 219.2 mln vs profit 211.5 mln
+      nine mths
+      shr loss 84 cts vs profit 3.72 dlrs
+      net loss 140.8 mln vs profit 682.4 mln
+      assets 79.69 billion vs 71.99 billion
+      loans 33.93 billion vs 35.33 billion
+      deposits 45.68 billion vs 41.22 billion
+      NOTE: 1987 nine mths include previously reported 875 mln
+  dlr addition to loan loss reserve in 2nd qtr for ldc debts
+  
+
diff --git a/reuters/test/21391 b/reuters/test/21391
new file mode 100644
index 0000000000000000000000000000000000000000..a4ff7543fd4d0ba0fe9eab926586066550f76fa6
--- /dev/null
+++ b/reuters/test/21391
@@ -0,0 +1,25 @@
+CAIRNS GROUP SAID INFLUENTIAL IN TRADE TALKS
+  Australian Minister for Trade
+  Negotiations Michael Duffy said his country and Third World
+  commodity producers have formed an effective lobby group
+  against farm export subsidies and market access restrictions.
+      Duffy told a press conference the Cairns Group of 14 major
+  agricultural producers, to which Australia and Thailand belong,
+  has emerged as an important third force in any multilateral
+  trade talks. "There's no doubt that the Cairns Group is being
+  seen as a third force to be reckoned with both inside the
+  General Agreement on Tariffs and Trade and in other
+  international trade negotiations," he said.
+      Duffy, here on a three-day visit after talks in the United
+  States, The European Community (EC) and Latin America, said
+  considerable progress has been made by the group towards
+  fighting costly protectionist policies pursued by developed
+  countries.
+      The minister said the EC Commission's new farm trade paper
+  will recognise the heavy financial burdens imposed by its
+  Common Agricultural Policy and its future expansion.
+      He said the Reagan Administration has also displayed a
+  determination to resist the currently strong protectionist
+  sentiment in the U.S. Congress.
+  
+
diff --git a/reuters/test/21392 b/reuters/test/21392
new file mode 100644
index 0000000000000000000000000000000000000000..792d4b6b59abfb837e0dde9e2b80dc5ee8d138bb
--- /dev/null
+++ b/reuters/test/21392
@@ -0,0 +1,17 @@
+TURKEY CURRENT ACCOUNT DEFICIT WIDENS IN JULY
+  Turkey's current account deficit widened
+  in July to 674 mln dlrs from 454 mln in June but fell from 1.22
+  billion in July last year, the State Statistics Institute said.
+      The cumulative trade position in July showed a 1.85 billion
+  dlr deficit after 1.33 billion in June and 1.89 billion a year
+  earlier, with exports at 4.91 billion and imports, both FOB, at
+  6.76 billion.
+      The government aims to narrow the current account deficit
+  for the whole of 1987 to 975 mln dlrs, compared with 1.52
+  billion last year, up from 1.01 billion in 1985.
+      Bankers forecast the 1987 deficit will exceed one billion
+  dlrs,  because a spurt in exports is expected to slow
+  considerably in the last five months following a massive
+  drawdown of inventories.
+  
+
diff --git a/reuters/test/21393 b/reuters/test/21393
new file mode 100644
index 0000000000000000000000000000000000000000..e91e64e9113116618e94e4320ad889fe45334817
--- /dev/null
+++ b/reuters/test/21393
@@ -0,0 +1,12 @@
+IBC'S INTERSTATE BAKERIES<IBC>BID OVERSUBSCRIBED
+  IBC Acquisition Corp said it received
+  about 8,857,807 Interstate Bakeries Corp shares in response to
+  its tender offer for up to 8,053,181 shares that expired
+  October 16, and it will purchase about 90.9 pct of the shares
+  tendered.
+      It said a final proration factor should be announced and
+  payment for shares start October 26.
+      IBC is made up of Interstate management, First Boston Inc
+  <FBC> and George K. Braun and Co.
+  
+
diff --git a/reuters/test/21394 b/reuters/test/21394
new file mode 100644
index 0000000000000000000000000000000000000000..f1a6865abbc713bbd52460965215b2fa80a4a644
--- /dev/null
+++ b/reuters/test/21394
@@ -0,0 +1,12 @@
+OREGON STEEL BUYS KAISER'S NAPA VALLEY PLANT
+  <Kaiser Steel Corp>'s plant in
+  Napa, Calif., has been purchased by Oregon Steel Mills for 16
+  mln dlrs, the privately owned Portland company said.
+      The transaction was approved by the U.S. bankruptcy judge
+  in Denver who is hearing Kaiser Steel's Chapter 11
+  reorganization case.
+      James Mccaughey, former vice president of sales for Kaiser,
+  has been named general manager for the plant which will be
+  called Napa Pipe Corp, Oregon Steel said.
+  
+
diff --git a/reuters/test/21401 b/reuters/test/21401
new file mode 100644
index 0000000000000000000000000000000000000000..44501cf59e96c570069e792c07ce6d253f590971
--- /dev/null
+++ b/reuters/test/21401
@@ -0,0 +1,14 @@
+CARSON PIRIE <CRN> TO START PROXY MAILING
+  Carson Pirie Scott and Co said it plans
+  to start mailing proxy materials to stockholders in connection
+  to a November 16 special meeting at which holders will be asked
+  to consider a previously announced agreement with Greyhound
+  Corp <G>.
+      Under the agreement, Greyhound will acquire, in a merger,
+  three of the company's foodservice operations - Dobbs
+  International Services, Dobbs Houses and Carson international.
+      If the transaction is approved, Carsons said its
+  stockholders will receive 30 dlrs cash and one share of common
+  in the new Carson Pirie Scott and Co for each share held.
+  
+
diff --git a/reuters/test/21403 b/reuters/test/21403
new file mode 100644
index 0000000000000000000000000000000000000000..65c4458a0aff40b607505e8e32103c878deb920a
--- /dev/null
+++ b/reuters/test/21403
@@ -0,0 +1,13 @@
+HOME SAVINGS BANK <HMSB.O> 3RD QTR NET
+  Shr 57 cts
+      Net 6,889,000 vs 10.7 mln
+      Nine mths
+      Shr 1.67 dlrs
+      Net 20.1 mln vs 22.9 mln
+      Assets 1.63 billion vs 1.47 billion
+      Deposits 1.17 billion vs 1.19 billion
+      Loans 1.25 billion vs 936.5 mln
+      NOTE: 3rd qtr and nine mths 1986 per share figures not
+  available because bank converted to stock form Nov 28, 1986.
+  
+
diff --git a/reuters/test/21404 b/reuters/test/21404
new file mode 100644
index 0000000000000000000000000000000000000000..0b13cbdee72947b160f51c3c268cdb47eaeff0fb
--- /dev/null
+++ b/reuters/test/21404
@@ -0,0 +1,25 @@
+WOOLWORTH <Z> COMPLETING TENDER OFFER
+  FW Woolworth and Co said that 2,223,996
+  shares of Armel Inc's <AML> common stock were tendered to and
+  accepted for payment by Woolworth, under the terms of the
+  previosuly announced cash tender offer which expired at 2400
+  midnight EDT on October 16.
+      In addition, Woolowrth said 137,367 Armel shares have been
+  tendered subject to guaranteed delivery.
+      Woolowrth said as a result of the tender offer and options
+  which it has exercised to purchase Armel stock, FWW Acquisiton
+  Corp, a Woolworth unit, today expects to own about 91.75 pct of
+  Amrel's outstanding stock.
+     
+      Woolworth said the percent it owns does not include 583,650
+  Class A shares of Armel, which were tendered or will be
+  purchased pursuant to the options.
+      As previuosly announced, FWW will now proceed with the cash
+  merger in which all shares of Armel, other than those held by
+  FWW or Woolworth, will be entitled to receive 7.75 dlrs per
+  share. Woolworth said it expects to consummate the deal later
+  this year.
+      Armel is a specialty retailer of a broad line of athletic
+  and leisure footwear, accessories and other sportswear.
+  
+
diff --git a/reuters/test/21405 b/reuters/test/21405
new file mode 100644
index 0000000000000000000000000000000000000000..f8ac9d3598f014943c025bd2d2e552af494ffccc
--- /dev/null
+++ b/reuters/test/21405
@@ -0,0 +1,13 @@
+PLAINS PETROLEUM CO <PLP> 3RD QTR NET
+  Shr 15 cts vs 13 cts
+      Net 1,352,000 vs 1,210,000
+      Revs 5,953,000 vs 3,309,000
+      Nine mths
+      Shr 36 cts vs 27 cts
+      Net 3,257,000 vs 2,416,000
+      Revs 16.6 mln vs 9,705,000
+      NOTE: If FASB adopts accounting changes, then 1987 3rd qtr
+  per share results will be restated to 22 cts, and 54 cts a
+  share for 1987 nine mths.
+  
+
diff --git a/reuters/test/21406 b/reuters/test/21406
new file mode 100644
index 0000000000000000000000000000000000000000..b50311059cd17d45406771e9fc5e40d233039a07
--- /dev/null
+++ b/reuters/test/21406
@@ -0,0 +1,10 @@
+WELLS-GARDNER CORP <WGA> 3RD QTR NET
+  Shr profit three cts vs loss two cts
+      Net profit 107,000 vs 87,000 loss
+      Revs 6,769,000 vs 4,992,000
+      Nine mths
+      Shr profit 21 cts vs loss nine cts
+      Net profit 778,000 vs loss 314,000
+      Revs 21.9 mln vs 13.9 mln
+  
+
diff --git a/reuters/test/21408 b/reuters/test/21408
new file mode 100644
index 0000000000000000000000000000000000000000..970abecfa922f1a53c429175abbb2f271130fb72
--- /dev/null
+++ b/reuters/test/21408
@@ -0,0 +1,18 @@
+PROSPECT GROUP HAS 14.3 PCT OF BRINKMANN<BRIK.O>
+  New York-based Prospect Group Inc
+  <PROSZ.O> said it acquired 527,000 shares of Brinkmann
+  Instruments Inc common stock, or 14.3 pct of the scientific
+  instrument maker's common stock outstanding.
+      In a filing with the Securities and Exchange Commission,
+  Prospect Group said it bought the 527,000 Brinkmann shares in
+  open market transactions between August 12 and October 16 at
+  9.62 dlrs to 11.50 dlrs, or a total of 5.69 mln dlrs.
+      Prospect Group said it bought the stock "to establish a
+  significant minority equity interest in the company," but does
+  not intend to seek control of Brinkmann at the present time.
+      Prospect Group said it will review its investment
+  objectives regarding Brinkmann as warranted by market
+  conditions, the company's performance, and other factors
+  including discussions with Brinkmann management.
+  
+
diff --git a/reuters/test/21410 b/reuters/test/21410
new file mode 100644
index 0000000000000000000000000000000000000000..a1ccc4f4759f83d99c0991d6bf1b0d3ca41cac51
--- /dev/null
+++ b/reuters/test/21410
@@ -0,0 +1,5 @@
+IC INDUSTRIES SAYS IT WILL CONSIDER POSSIBLE SALE OF ITS AEROSPACE BUSINESS
+
+  IC INDUSTRIES SAYS IT WILL CONSIDER POSSIBLE SALE OF ITS AEROSPACE BUSINESS
+  
+
diff --git a/reuters/test/21411 b/reuters/test/21411
new file mode 100644
index 0000000000000000000000000000000000000000..a5603ba29a986614f7981a015dd3a0e0aa114a63
--- /dev/null
+++ b/reuters/test/21411
@@ -0,0 +1,17 @@
+WARNER <WCI> HAS 8.2 PCT BERKEY INC <BKY> STAKE
+  Warner Communications Inc said its
+  Warner Communications Investors Inc unit acquired stock and
+  warrants representing 416,668 shares of Berkey Inc common
+  stock, or the equivalent of 8.2 pct of the company's common
+  stock outstanding.
+      In a filing with the Securities and Exchange Commission,
+  Warner Communications Investors said it paid about one mln dlrs
+  to Berkey on September 23 to acquire 104,167 shares of Berkey
+  Series B convertible preferred stock.
+      The preferred stock is convertible into 208,334 Berkey
+  common shares, and warrants to buy another 208,334 shares.
+      Warner Communications and its subsidiary said the Berkey
+  stock is held as an investment which they will review and
+  evaluate from time to time.
+  
+
diff --git a/reuters/test/21412 b/reuters/test/21412
new file mode 100644
index 0000000000000000000000000000000000000000..e5f6845e68fdbf815c50bd5f576f5820d682299f
--- /dev/null
+++ b/reuters/test/21412
@@ -0,0 +1,20 @@
+AMERICAN CYANAMID CO <ACY> 3RD QTR NET
+  Oper shr 59 cts vs 49 cts
+      Oper net 54.7 mln vs 44.8 mln
+      Sales 1.04 billion vs 921.4 mln
+      Nine mths
+      Oper shr 2.22 dlrs vs 1.62 dlrs
+      Oper net 203.8 mln vs 150.4 mln
+      Sales 3.14 billion vs 2.87 billion
+      Avg shrs 91.6 mln vs 93.1 mln
+      NOTE: 1986 share data restated to reflect 100 pct stock
+  dividend distributed June 12
+     
+      1987 operating net in both periods excludes additional gain
+  of 11.6 mln dlrs, or 13 cts a share, associated with 1985 sale
+  of Formica Brand Products Group business
+      1987 nine month operating net includes pre-tax gain of 12.0
+  mln dlrs, equal to about 13 cts a share, from sale of
+  Jacqueline Cochran businesses
+  
+
diff --git a/reuters/test/21413 b/reuters/test/21413
new file mode 100644
index 0000000000000000000000000000000000000000..50fccd4f587004495d9294545e68f3bb532d5844
--- /dev/null
+++ b/reuters/test/21413
@@ -0,0 +1,7 @@
+TANDY CORP <TAN> 1ST QTR SEPT 30 NET
+  Shr 71 cts vs 49 cts
+      Net 64.3 mln vs 43.7 mln
+      Revs 838.2 mln vs 742.6 mln
+      Avg shrs 89.9 mln vs 89.9 mln
+  
+
diff --git a/reuters/test/21414 b/reuters/test/21414
new file mode 100644
index 0000000000000000000000000000000000000000..2b287eb557acbb754a146a0f76e9785ff4ad14d3
--- /dev/null
+++ b/reuters/test/21414
@@ -0,0 +1,12 @@
+BELL ATLANTIC CORP <BEL> 3RD QTR NET
+  Shr 1.62 dlrs vs 1.49 dlrs
+      Net 321.8 mln vs 297.9 mln
+      Revs 2.59 billion vs 2.49 billion
+      Avg shrs 198.8 mln vs 199.5 mln
+      Nine mths
+      Shr 2.80 dlrs vs 4.48 dlrs
+      Net 955.4 mln vs 895.2 mln
+      Revs 7.70 billion vs 7.32 billion
+      Avg shrs 199.0 mln vs 199.7 mln
+  
+
diff --git a/reuters/test/21415 b/reuters/test/21415
new file mode 100644
index 0000000000000000000000000000000000000000..f032c59f77d026d2927503e2f0b8e16534204135
--- /dev/null
+++ b/reuters/test/21415
@@ -0,0 +1,8 @@
+WANG LABORATORIES INC <WANB> 1ST QTR SEPT 30
+  Shr profit 14 cts vs loss 19 cts
+      Net profit 22.5 mln vs loss 30.0 mln
+      Revs 693.0 mln vs 597.9 mln
+      Avg shrs 166.0 mln vs 154.2 mln
+      NOTE: Prior year net includes five mln dlr tax credit.
+  
+
diff --git a/reuters/test/21416 b/reuters/test/21416
new file mode 100644
index 0000000000000000000000000000000000000000..ab34b2e2c60be0dd9b0c8aa204b85203ac01072e
--- /dev/null
+++ b/reuters/test/21416
@@ -0,0 +1,11 @@
+BROCKWAY INC <BRK> 3RD QTR NET
+  Shr 98 cts vs 70 cts
+      Net 12.3 mln vs 8,699,000
+      Sales 284.7 mln vs 280.7 mln
+      Nine mths
+      Shr 2.83 dlrs vs 2.23 dlrs
+      Net 35.3 mln vs 27.6 mln
+      Sales 824.6 mln vs 818.4 mln
+      NOTE: Share adjusted for December 1986 three-for-two split.
+  
+
diff --git a/reuters/test/21417 b/reuters/test/21417
new file mode 100644
index 0000000000000000000000000000000000000000..3924eb13a66323aaa612750e731d2f1274e7fe85
--- /dev/null
+++ b/reuters/test/21417
@@ -0,0 +1,12 @@
+NUI <NUI> MAY SPIN OFF NONUTILITY OPERATIONS
+  NUI Corp said it is studying
+  the feasibility of spinning off nonutility subsidiaries to
+  shareholders.
+      The company said its propane disution, natural gas spot
+  marketing, data processing, oil and natural gas exploration and
+  production, natural gas gathering and underground pipe
+  replacement businesses had sales for the year ended September
+  30 of about 74 mln dlrs, or about 25 pct of total company
+  sales.  NUI's major subsidiary is utility Elizabethtown Gas.
+  
+
diff --git a/reuters/test/21419 b/reuters/test/21419
new file mode 100644
index 0000000000000000000000000000000000000000..c5ae0eaefd539d84e72e6ff116e4f943eb48da85
--- /dev/null
+++ b/reuters/test/21419
@@ -0,0 +1,12 @@
+TELEX <TC> MAY SEEK OTHER PURCHASERS
+  Telex Corp said its board has directed
+  management and financial advisor Drexel Burnham Lambert Inc to
+  investigate possible alternatives to the tender offer of Asher
+  Edelman's TLX Partners for all Telex shares that may include
+  seeking other purchasers for Telex.
+      The company said the board at an October 16 meeting decided
+  to defer until a board meeting later this week a recommendation
+  on the Edelman offer and said the board expects to make a
+  recommendation by October 23.
+  
+
diff --git a/reuters/test/21421 b/reuters/test/21421
new file mode 100644
index 0000000000000000000000000000000000000000..a78b96277a67cf2dea1a3c7e058545091bebaf8c
--- /dev/null
+++ b/reuters/test/21421
@@ -0,0 +1,5 @@
+IBC ACQUISITION GETS 8,857,807 SHARES IN TENDER, TO BUY 90.9 PCT
+
+  IBC ACQUISITION GETS 8,857,807 SHARES IN TENDER, TO BUY 90.9 PCT
+  
+
diff --git a/reuters/test/21423 b/reuters/test/21423
new file mode 100644
index 0000000000000000000000000000000000000000..91e20157ef03ae95b684176c8931244c1bf8f968
--- /dev/null
+++ b/reuters/test/21423
@@ -0,0 +1,42 @@
+SOVIET UNION SETS 4.5 PCT INDUSTRIAL OUTPUT GROWTH
+  Soviet Planning chief Nikolai Talyzin told
+  the Supreme Soviet (parliament) industrial output is planned to
+  rise by 4.5 pct in 1988, up from a planned 4.4 pct in 1987.
+      In the first nine months of this year, industrial output
+  rose by 3.6 pct.
+      Talyzin said national income, the nearest Soviet equivalent
+  to gross national product, is planned to rise by 4.3 pct
+  against a planned 4.1 pct this year.
+      He said grain production is planned at 235 mln tonnes in
+  1988, compared with a planned 232 mln this year.
+      The Soviet Union produced 210 mln tonnes of grain in 1986
+  and the Soviet press has said heavy rain has affected the
+  harvest this year.
+      Talyzin said the 1988 Soviet plan stressed the engineering
+  industry, which Kremlin leader Mikhail Gorbachev has described
+  as a sector where rapid modernisation is essential if the
+  Soviet Union is to compete effectively on world markets.
+      "Certain difficulties have arisen this year in the
+  machine-building industry. The economy is not receiving a
+  considerable amount of the equipment that it requires," said
+  Talyzin, who heads the state planning committee Gosplan.
+      Soviet data show the machine-building industry, which makes
+  machine tools, instruments and other engineering goods,
+  increased output by 3.3 pct in the first nine months of this
+  year against the same period of 1986. This is well below the
+  7.3 pct rise planned for the industry for all of 1988.
+      Talyzin said the ruling Politburo concluded at a recent
+  meeting that an improvement in economic performance depended to
+  a large extent on conserving resources better. "Large-scale
+  measures are planned to save resources," he said.
+      Finance Minister Boris Gustev told the Supreme Soviet
+  defence spending in 1988 would total 20.2 billion roubles, the
+  same as announced last year.
+      Talyzin said the Kremlin also had decided to increase
+  spending next year on medical services, education, pensions and
+  social insurance schemes
+      He said state expenditures in these fields would reach 171
+  billion roubles in 1988, or 3.5 billion roubles more than had
+  originally been envisaged in the 1986-1990 Five-Year Plan.
+  
+
diff --git a/reuters/test/21427 b/reuters/test/21427
new file mode 100644
index 0000000000000000000000000000000000000000..d7c376915035652cf2365ee5547345104d18c67e
--- /dev/null
+++ b/reuters/test/21427
@@ -0,0 +1,5 @@
+IDC SERVICES AGREES TO BE ACQUIRED FOR 16 DLRS A SHARE BY APOLLO PARTNERS GROUP
+
+  IDC SERVICES AGREES TO BE ACQUIRED FOR 16 DLRS A SHARE BY APOLLO PARTNERS GROUP
+  
+
diff --git a/reuters/test/21429 b/reuters/test/21429
new file mode 100644
index 0000000000000000000000000000000000000000..9730170acf82e82fc9487724410d566bc01c2f92
--- /dev/null
+++ b/reuters/test/21429
@@ -0,0 +1,11 @@
+MANAGEMENT GROUP HAS RESTAURANT <RA> MAJORITY
+  Restaurant Associates Industries Inc
+  said the management group led by chairman Martin Brody and
+  president Max Pine through October 16 had received 1,796,727
+  Class A and 1,766,091 Class B shares in response to its tender
+  offer for all shares at 18 dlrs each, giving thema majority of
+  each class of shares.
+      The company said the tender has been extended until
+  November 6.
+  
+
diff --git a/reuters/test/21430 b/reuters/test/21430
new file mode 100644
index 0000000000000000000000000000000000000000..2ec61b9e4218e92bf711561c0e711c745e5b9339
--- /dev/null
+++ b/reuters/test/21430
@@ -0,0 +1,8 @@
+XIDEX CORP <XIDX.O> 1ST QTR SEPT 30 NET
+  Shr 13 cts vs 22 cts
+      Net 5,452,000 vs 9,789,000
+      Sales 155.7 mln vs 135.1 mln
+      NOTE: Prior year net includes gain 6,556,000 dlrs from sale
+  of shares of Seagate Technology Corp <SGAT.O>.
+  
+
diff --git a/reuters/test/21431 b/reuters/test/21431
new file mode 100644
index 0000000000000000000000000000000000000000..e04f420054127b76c706f2022fbc11877abada43
--- /dev/null
+++ b/reuters/test/21431
@@ -0,0 +1,10 @@
+CALFED INC <CAL> 3RD QTR NET
+  shr 1.99 dlrs vs 2.05 dlrs
+      diluted shr 1.80 dlrs vs 1.75 dlrs
+      net 50.0 mln vs 48.5 mln
+      nine months
+      shr 5.37 dlrs vs 5.69 dlrs
+      diluted shr 4.87 dlrs vs 4.76 dlrs
+      net 134.6 mln vs 129.6 mln
+  
+
diff --git a/reuters/test/21435 b/reuters/test/21435
new file mode 100644
index 0000000000000000000000000000000000000000..2433657005186aefdd35b3a3443d6474cbdc88bb
--- /dev/null
+++ b/reuters/test/21435
@@ -0,0 +1,13 @@
+SECURITY PACIFIC CORP <SPC> 3RD QTR NET
+  Shr 1.16 dlrs vs 1.09 dlrs
+      Net 128.1 mln vs 118.3 mln
+      Avg Shrs 108.8 mln vs 105.7 mln
+      Nine Months
+      Shr 40 cts vs 3.12 dlrs
+      Net 53.2 mln vs 335.1 mln
+      Avg Shrs 108.0 mln vs 105.2 mln
+      Note: Prior-period data have been restated to include on a
+  pooling-of-interest basis the August 31, 1987, acquisition of
+  Rainier Bancorporation.
+  
+
diff --git a/reuters/test/21436 b/reuters/test/21436
new file mode 100644
index 0000000000000000000000000000000000000000..0f8376eb2c75bad349f7187c2477390d620b4401
--- /dev/null
+++ b/reuters/test/21436
@@ -0,0 +1,12 @@
+PHELPS DODGE CORP <PD> 3RD QTR NET
+  Shr 1.77 dlrs vs 60 cts
+      Net 58.2 mln vs 19.4 mln
+      Revs 377.4 mln vs 188.0 mln
+      Nine mths
+      Shr 3.10 dlrs vs 1.51 dlrs
+      Net 100.3 mln vs 50.6 mln
+      Revs 1.11 billion vs 639.7 mln
+      NOTE: 3rd qtr 1987 net includes about 3,000,000 dlrs
+  after-tax extraordinary gain on retirement of debt.
+  
+
diff --git a/reuters/test/21437 b/reuters/test/21437
new file mode 100644
index 0000000000000000000000000000000000000000..5c18168af247a3172dc136af4adf52e83ab9fb9d
--- /dev/null
+++ b/reuters/test/21437
@@ -0,0 +1,18 @@
+CRANE CO <CR> 3RD QTR NET
+  Shr 70 cts vs 54 cts
+      Net 16.7 mln vs 12.5 mln
+      Revs 343.6 mln vs 323.1 mln
+      Avg shrs 23.9 mln vs 24.8 mln
+      Nine mths
+      Shr 1.98 dlrs vs 1.23 dlrs
+      Net 46.9 mln vs 27.8 mln
+      Revs 960.5 mln vs 893.2 mln
+      Avg shrs 24.2 mln vs 24.9 mln
+     
+      NOTE: 1986 figures reflect the adjustment for 3-for-2 split
+  in May 1987.
+      Net for nine mths 1987 includes a cumulative effect of a
+  change in accounting for gain on pension assets reversion of
+  10.1 mln or 42 cts a shr.
+  
+
diff --git a/reuters/test/21440 b/reuters/test/21440
new file mode 100644
index 0000000000000000000000000000000000000000..3c0cc7d014912f458081dd100b85ba1808bdbf35
--- /dev/null
+++ b/reuters/test/21440
@@ -0,0 +1,5 @@
+TELEX CORP TO INVESTIGATE ALTERNATIVES TO TLX PARTNERS BID, MAY SEEK OTHER PURCHASERS
+
+  TELEX CORP TO INVESTIGATE ALTERNATIVES TO TLX PARTNERS BID, MAY SEEK OTHER PURCHASERS
+  
+
diff --git a/reuters/test/21441 b/reuters/test/21441
new file mode 100644
index 0000000000000000000000000000000000000000..ead597a2500a3265a177b72f78d3b54739155f53
--- /dev/null
+++ b/reuters/test/21441
@@ -0,0 +1,13 @@
+LOTUS DEVELOPMENT CORP <LOTS.O> 3RD QTR NET
+  Shr 42 cts vs 21 cts
+      Net 19.1 mln vs 9,528,000
+      Sales 101.2 mln vs 65.6 mln
+      Avg shrs 46.0 mln vs 46.0 mln
+      Nine mths
+      Shr 1.08 dlrs vs 69 cts
+      Net 49.1 mln vs 32.7 mln
+      Sales 280.0 mln vs 201.0 mln
+      Avg shrs 45.6 mln vs 47.4 mln
+      NOTE: Share adjusted for February 1987 two-for-one split.
+  
+
diff --git a/reuters/test/21443 b/reuters/test/21443
new file mode 100644
index 0000000000000000000000000000000000000000..0a4003ea0db7b3c352dfddb50a912ce10f15dfaf
--- /dev/null
+++ b/reuters/test/21443
@@ -0,0 +1,17 @@
+IRAN SAYS U.S. NAVAL FORCES ATTACKED TWO PLATFORMS
+  Iran said U.S. Naval forces attacked two
+  of its oil platforms in the southern Gulf on Monday afternoon,
+  the Iranian news agency IRNA reported.
+      IRNA, received in Nicosia, said an informed source at the
+  Iranian oil ministry identified the two platforms as Resalat
+  and Reshadat, about 60 miles from Iran's Lavan island oil
+  storage site.
+      Regional shipping sources earlier said three Iranian
+  offshore oil sites at Sassan, Rostam and Rakhsh had been
+  attacked at 7.00 A.M. (0300 GMT) on Monday by unidentified
+  aircraft.
+      In Washington, U.S. Defence Secretary Caspar Weinberger
+  said four U.S. Destroyers attacked and destroyed an Iranian oil
+  platform about 120 miles east of Bahrain.
+  
+
diff --git a/reuters/test/21447 b/reuters/test/21447
new file mode 100644
index 0000000000000000000000000000000000000000..7d340b8a4e0928993c0fa5ec9bb6f7537ef5cc6e
--- /dev/null
+++ b/reuters/test/21447
@@ -0,0 +1,16 @@
+SOUTHWEST BANCORP <SWB> 3RD QTR LOSS
+  Oper shr loss 82 cts vs profit 12 cts
+      Oper net loss 4,134,000 vs profit 544,000
+      Avg shrs 5,030,000 vs 3,927,000
+      Nine mths
+      Oper shr loss 80 cts vs profit 32 cts
+      Oper net loss 3,615,000 vs profit 1,457,000
+      Avg shrs 4,557,000 vs 3,927,000
+      NOTE: 1986 net excludes tax loss carryforwards of 105,000
+  dlrs in quarter and 195,000 dlrs in nine mths.
+      1986 quarter net includes 212,000 dlr tax credit.
+      1987 net both periods includes 3,700,000 dlr addition to
+  loan loss reserves due mostly to one out-of-state real estate
+  transaction.
+  
+
diff --git a/reuters/test/21448 b/reuters/test/21448
new file mode 100644
index 0000000000000000000000000000000000000000..f1d15889401639c3096fac90030467edc9692bcf
--- /dev/null
+++ b/reuters/test/21448
@@ -0,0 +1,16 @@
+GATX CORP <GMT> 3RD QTR NET
+  Shr 95 cts vs 36 cts
+      Net 9,100,000 vs 3,300,000
+      Revs 143.7 mln vs 132.4 mln
+      Avg shrs 9,884,000 vs 9,780,000
+      Nine mths
+      Shr 2.77 dlrs vs 1.49 dlrs
+      Net 26,600,000 vs 19,000,000
+      Revs 401.8 mln vs 385.2 mln
+      Avg shrs 9,871,000 vs 12,565,000
+      NOTE: 1986 earnings include a loss from discontinued
+  operations of 1,000,000 dlrs, or 10 cts a share in the quarter
+  and a gain of 2,500,000 dlrs, or 19 cts a share for the nine
+  months
+  
+
diff --git a/reuters/test/21451 b/reuters/test/21451
new file mode 100644
index 0000000000000000000000000000000000000000..20606df34228d3b071f01251d20c7664f03b1565
--- /dev/null
+++ b/reuters/test/21451
@@ -0,0 +1,6 @@
+MICROSOFT CORP <MSFT.O> 1ST QTR NET
+  Shr 38 cts vs 29 cts
+      Net 21.3 mln vs 15.8 mln
+      Revs 102.6 mln vs 66.8 mln
+  
+
diff --git a/reuters/test/21453 b/reuters/test/21453
new file mode 100644
index 0000000000000000000000000000000000000000..f50949c65afb36bf40b58ce6f9127c3135bd3b35
--- /dev/null
+++ b/reuters/test/21453
@@ -0,0 +1,17 @@
+CMS ENERGY CORP <CMS> 3RD QTR NET
+  Shr 65 cts vs 10 cts
+      Net 55,960,000 vs 8,785,000
+      Revs 588.2 mln vs 596.1 mln
+      Avg shrs 85,710,000 vs 87,987,000
+      Nine mths
+      Shr 1.24 dlrs vs 44 cts
+      Net 106,738,000 vs 39,055,000
+      Revs 1.98 billion vs 2.24 billion
+      Avg shrs 86,320,000 vs 88,007,000
+      NOTE: 1986 data restated for adoption of new accounting
+  standard relating to pensions
+      1987 nine month earnings include 331 mln dlr after-tax
+  writeoff in the 4th Qtr of 1985 of a portion of the assets of
+  the company's Midland nuclear project
+  
+
diff --git a/reuters/test/21454 b/reuters/test/21454
new file mode 100644
index 0000000000000000000000000000000000000000..cf89f910f7520bbafe7c1157b955ade50be7f9f4
--- /dev/null
+++ b/reuters/test/21454
@@ -0,0 +1,12 @@
+SHAMROCK COMPLETES CENTRAL SOYA SALE TO FERRUZZI
+  Shamrock Capital LP said it has
+  completed the sale of Cental Soya Co Inc to Ferruzzi Agricola
+  Finanziaria the holding company for the Ferruzzi group of
+  Ravenna, Italy.
+      Shamrock Capital is a limited partnership led by Shamrock
+  Holdings Inc, the Roy E. Disney family company.
+      Under the agreement announced last month, Ferruzzi acquired
+  all the equity and assumed subordinated term debt of about 195
+  mln dlrs in a transaction valued at about 370 mln dlrs.
+  
+
diff --git a/reuters/test/21455 b/reuters/test/21455
new file mode 100644
index 0000000000000000000000000000000000000000..20a1ccea42accbaf212bb78dea16ab675d5495c7
--- /dev/null
+++ b/reuters/test/21455
@@ -0,0 +1,10 @@
+CURTICE BURNS FOODS INC <CBI> 1ST QTR NET
+  Qtr ends Sept 25
+      Shr 75 cts vs 64 cts
+      Net 2,794,000 vs 2,363,000
+      Revs 157.8 mln vs 138.4 mln
+      NOTE: 1986 qtr figures exclude effect of 1986 tax reform
+  act which retroactively reduced earnings from 64 cts to 56 cts
+  per shr.
+  
+
diff --git a/reuters/test/21459 b/reuters/test/21459
new file mode 100644
index 0000000000000000000000000000000000000000..78eccb2eb1cb50cda680e54a82e5152117d8f039
--- /dev/null
+++ b/reuters/test/21459
@@ -0,0 +1,31 @@
+U.S. NAVAL FORCES ATTACK IRANIAN OIL PLATFORM
+  U.S. warships attacked and destroyed
+  an Iranian oil platform on Monday in retaliation for Friday's
+  Iranian attack damaging a U.S.-flagged ship, U.S. Defense
+  Secretary Caspar Weinberger said.
+      When asked how much was left of the oil platform,
+  Weinberger said, "Nothing."
+      "There was no Iranian reaction," he said. "... We consider
+  this matter is now closed."
+      Weinberger said four U.S. destroyers attacked the platform
+  about 120 miles east of Bahrain in the central Gulf with fire
+  at 0700 EDT, Weinberger said.
+      "We chose a platform used by the Iranians to interfere with
+  and be a source of potential attack on convoys...," Weinberger
+  said at a Pentagon briefing. 
+      "We know it has been used indeed, to not only launch small
+  boat attacks on shipping but to fire on U.S. helicopters...
+      "It's removal will contribute significantly to the safety of
+  U.S. forces in the future," Weinberger said of the U.S. Navy's
+  operation to escort oil tankers through the Gulf.
+      "We do not seek further confrontation with Iran but we will
+  be prepared to meet any escalation of military actions by Iran
+  with stronger countermeasures," Weinberger said.
+      He said the 20 to 30 Iranian personnel on the oil platform
+  were given a 20-minute warning to abandon the platform.
+      "As far as we know they did abandon the site," he said.
+      Weinberger was asked why the United States had chosen to
+  attack an oil platform rather than Iranian Silkworm missile
+  platforms blamed by Washington for Friday's attack.
+  
+
diff --git a/reuters/test/21460 b/reuters/test/21460
new file mode 100644
index 0000000000000000000000000000000000000000..73a8b1f45f01327d666857306ab5d6f6b3acd709
--- /dev/null
+++ b/reuters/test/21460
@@ -0,0 +1,15 @@
+LINDBERG CO <LIND.O> 3RD QTR NET
+  Shr profit 10 cts vs profit eight cts
+      Net profit 477,853 vs profit 348,384
+      Sales 17.7 mln vs 17.3 mln
+      Nine mths
+      Shr loss 35 cts vs profit 45 cts
+      Net loss 1,639,216 vs profit 2,305,700
+      Sales 56.2 mln vs 57.1 mln
+      Avg shrs 4,698,501 vs 5,075,717
+      NOTE: Earnings in the 2nd Qtr of 1987 were reduced by
+  3,262,000 dlrs, or 69 cts a share from a charge reflecting
+  elimination or transfer of certain product lines and operations
+  at the company's Racine, Wis. foundry
+  
+
diff --git a/reuters/test/21462 b/reuters/test/21462
new file mode 100644
index 0000000000000000000000000000000000000000..e7dcd13b957615374e2f9e054e957abc0720804a
--- /dev/null
+++ b/reuters/test/21462
@@ -0,0 +1,12 @@
+SHAMROCK COMPLETES CENTRAL SOYA SALE TO FERRUZZI
+  Shamrock Capital LP said it has
+  completed the sale of Cental Soya Co Inc to Ferruzzi Agricola
+  Finanziaria the holding company for the Ferruzzi group of
+  Ravenna, Italy.
+      Shamrock Capital is a limited partnership led by Shamrock
+  Holdings Inc the Roy E. Disney family company.
+      Under the agreement announced last month, Ferruzzi acquired
+  all the equity and assumed subordinated term debt of about 195
+  mln dlrs in a trction valued at about 370 mln dlrs.
+  
+
diff --git a/reuters/test/21465 b/reuters/test/21465
new file mode 100644
index 0000000000000000000000000000000000000000..37ae237af04ccd384fcd21467fa2906ae4a65f17
--- /dev/null
+++ b/reuters/test/21465
@@ -0,0 +1,5 @@
+WEINBERGER SAYS U.S. FORCES ATTACKED IRANIAN OIL PLATFORM
+
+  WEINBERGER SAYS U.S. FORCES ATTACKED IRANIAN OIL PLATFORM
+  
+
diff --git a/reuters/test/21466 b/reuters/test/21466
new file mode 100644
index 0000000000000000000000000000000000000000..27b010dc833034c22a66fc1b640a18f7adbe02ee
--- /dev/null
+++ b/reuters/test/21466
@@ -0,0 +1,25 @@
+CABLE AND WIRELESS RESTRUCTURES H.K. UNITS
+  Cable and Wireless Plc <CAWL.L> said
+  its subsidiary <Hong Kong Telephone Co Ltd> would cease to be a
+  listed company, following the restructure of the company's Hong
+  Kong units.
+      Earlier today the company announced that Hong Kong
+  Telephone and Cable and Wireless Hong Kong, in which the
+  territory's government has a 20 pct stake, would become
+  subsidiaries of a newly formed holding company, Hong Kong
+  Telecommunications.
+      In exchange for the Cable and Wireless Hong Kong capital,
+  Hong Kong Telecommunications will issue 4.18 billion new shares
+  to Cable and Wireless Plc's Cable and Wireless (Far East) Ltd.
+      That subsidiary now holds the group's 80 pct stake in Cable
+  and Wireless Hong Kong and about 22 pct of H.K. Telephone.
+      It will issue an additional 1.05 billion shares to the
+  goverment.
+      That will leave the Cable and Wireless group with an 80 pct
+  stake in Hong Kong Telecommunications, the government 11 pct
+  and nine pct in public hands.
+      But that will be reduced early next year after a placement
+  of 11 pct of the issued shares of Hong Kong Telecommunications
+  by both Cable and Wireless and the government.
+  
+
diff --git a/reuters/test/21468 b/reuters/test/21468
new file mode 100644
index 0000000000000000000000000000000000000000..6d8f76999a5778c263451028254f5f5a17583bc9
--- /dev/null
+++ b/reuters/test/21468
@@ -0,0 +1,5 @@
+ Bank of France added money market liquidity at 7-3/4 pct - dealers
+
+   Bank of France added money market liquidity at 7-3/4 pct - dealers
+  
+
diff --git a/reuters/test/21469 b/reuters/test/21469
new file mode 100644
index 0000000000000000000000000000000000000000..679c1f1ae8d6ea472b8d76198874d8a8e2f02464
--- /dev/null
+++ b/reuters/test/21469
@@ -0,0 +1,24 @@
+GAF <GAF> GROUP RECONSIDERS BUYOUT BID
+  GAF Corp said the management group
+  led by chairman Samuel J. Heyman intends to reconsider its
+  proposal to acquire GAF.
+      On September 8, the group offered 64.00 dlrs in cash and
+  2.50 dlrs principal amount of 15 pct junior subordinated
+  debentures due 2007 for each GAF share.  Heyman owns about
+  2,700,000 of GAF's 33.5 mln shares outstanding.
+      In a letter to the committee of independent directors
+  formed to consider the offer, Heyman said it will have to
+  modify the terms of the offer if it is to continue the bid, due
+  to rising interest rates and financial market conditions.
+      Heyman said "In the considerable time that has elapsed
+  since our original proposal was submitted, the credit and
+  financial markets have experienced extraordinary and almost
+  unprecedented deterioration.  As of the present time, the
+  average interest rate on the financing which we proposed to
+  raise in connection with the acquisition has increased, since
+  the original proposal, by approximately 150 basis points."
+      He said the group intends to promptly review all available
+  options, including the revision of its offer to reflect current
+  market conditions.
+  
+
diff --git a/reuters/test/21473 b/reuters/test/21473
new file mode 100644
index 0000000000000000000000000000000000000000..7e0fefd95d80f680fc87fef306e2aa874852aa57
--- /dev/null
+++ b/reuters/test/21473
@@ -0,0 +1,41 @@
+S.KOREA CURRENT A/C SURPLUS SEEN NEAR 10 BLN DLRS
+  South Korea's national news agency, Yonhap,
+  said this year's current account surplus will near 10 billion
+  dlrs amid signs of continuing high world demand for the
+  country's cheap cars and electronic goods.
+      Bank of Korea officials would neither confirm nor deny the
+  Yonhap forecast, saying only that the bank would issue its own
+  figures later in the week.
+      Yonhap said the January-September surplus in the current
+  account, which covers trade in goods and services, totalled
+  7.03 billion dlrs.
+      This already exceeds the seven billion dlr ceiling for the
+  whole of 1987 that the government set in June during talks with
+  the International Monetary Fund aimed at averting a too rapid
+  revaluation of the won against the dollar.
+      The agency said the September surplus was 1.4 billion dlrs,
+  up from 468.1 mln in August and 899 mln a year earlier.
+      "Exports in October could be relatively modest due to many
+  public holidays, but by the end of this year the surplus will
+  be well over nine billion dollars, close to ten," Yonhap said.
+      The sharp rise in the September surplus came from a
+  resumption of export deliveries delayed by strikes the previous
+  month.
+      More than 3,300 companies, including car manufacturers,
+  electronic and electric firms, were hit by labour unrest
+  between July and September.
+      The South Korean government originally targeted a five
+  billion dlr current account surplus this year, but had to raise
+  this to seven billion to reflect a startling first-half export
+  boom.
+      If confirmed, the soaring 1987 current account surplus
+  seemed certain to trigger tougher pressure from the United
+  States which recorded a 7.4 billion dlr trade deficit with
+  Seoul last year, government economists said.
+      The U.S. Government, trying to stem protectionist pressure
+  at home, has called on South Korea to open more markets to
+  American goods and revalue the won faster.
+      The won was fixed at 804.90 against the dollar on Monday,
+  representing a 7.01 pct gain so far this year.
+  
+
diff --git a/reuters/test/21474 b/reuters/test/21474
new file mode 100644
index 0000000000000000000000000000000000000000..e995c6bcbd0ac10707eaf8968deae46767967048
--- /dev/null
+++ b/reuters/test/21474
@@ -0,0 +1,16 @@
+PLY GEM INDUSTRIES INC <PGI> 3RD QTR NET
+  Shr 30 cts vs 17 cts
+      Shr diluted 30 cts vs 17 cts
+      Net 3,454,000 vs 1,546,000
+      Sales 84.0 mln vs 59.2 mln
+      Avg shrs 11.6 mln vs 8,917,000
+      Avg shrs diluted 11.7 mln vs 11.2 mln
+      Nine mths
+      Shr 91 cts vs 72 cts
+      Shr diluted 90 cts vs 65 cts
+      Net 10.5 mln vs 5,959,000
+      Sales 236.7 mln vs 168.9 mln
+      Avg shrs 11.5 mln vs 8,227,000
+      Avg shrs diluted 11.6 mln vs 11.2 mln
+  
+
diff --git a/reuters/test/21475 b/reuters/test/21475
new file mode 100644
index 0000000000000000000000000000000000000000..57b478b6b9022a2406ef6a2bc6433b07fc271114
--- /dev/null
+++ b/reuters/test/21475
@@ -0,0 +1,27 @@
+AIRCRAFT ATTACK IRANIAN OIL RIGS IN SOUTHERN GULF
+  Unidentified jets attacked three Iranian
+  oil rigs in the southern Gulf early on Monday, setting at least
+  one of them ablaze, regional shipping sources said.
+      Earlier today in Washington, U.S. Television networks had
+  reported that American forces launched a retaliatory strike
+  against Iran late Sunday, attacking two Iranian offshore oil
+  drilling platforms and setting them ablaze.
+      The shipping sources said Iran's Sassan, Rostam and Rakhsh
+  offshore oilfields were attacked at 0700 local (0300 GMT) by a
+  wave of jet fighter bombers. Smoke was seen spiralling up from
+  the Rostam field soon after.
+      At least one of the other two targets was also believed to
+  be ablaze, the sources said.
+      The Sassan and Rostam fields have been targets for Iraqi
+  air strikes in the past, but Baghdad had not reported any
+  southern Gulf missions prior to news of the latest attack.
+      Shipping and military sources in the region have said Iran
+  used its southern Gulf rigs as bases to launch helicopter and
+  later speedboat attacks on neutral ships in the waterway.
+      U.S. Officials had been meeting on a response since Friday
+  when an attack on a Kuwaiti port severely damaged a
+  U.S.-flagged ship. President Reagan said on Sunday he had
+  already made a decision on the U.S. Response to Friday's Iran
+  attack but would not say what the decision was.
+  
+
diff --git a/reuters/test/21477 b/reuters/test/21477
new file mode 100644
index 0000000000000000000000000000000000000000..6e148811017249e2e5d79ca87cbf48df257248bb
--- /dev/null
+++ b/reuters/test/21477
@@ -0,0 +1,14 @@
+DEUTSCHE BANK CHIEF SAYS LOUVRE PACT STILL INTACT
+  Deutsche Bank AG joint chief executive
+  Friedrich Wilhelm Christians said he believed the Louvre accord
+  on currency stability was still intact.
+      Christians told a news conference he met U.S. Treasury
+  Secretary James Baker in the last two weeks, after short term
+  German interest rates had risen twice.
+      "I am sure that with 1.7720 marks the dollar is still within
+  the Louvre agreement. I do not see that the accord has been
+  terminated," Christians said. He was responding to questions
+  about comments by Baker, who said the Louvre accord was still
+  operative but criticised rises in West German interest rates.
+  
+
diff --git a/reuters/test/21478 b/reuters/test/21478
new file mode 100644
index 0000000000000000000000000000000000000000..7c5282cee4d9625109281186f5daeb1e83ef4fb5
--- /dev/null
+++ b/reuters/test/21478
@@ -0,0 +1,5 @@
+GAF CORP SAID MANAGEMENT GROUP TO RECONSIDER ACQUISITION PROPOSAL
+
+  GAF CORP SAID MANAGEMENT GROUP TO RECONSIDER ACQUISITION PROPOSAL
+  
+
diff --git a/reuters/test/21479 b/reuters/test/21479
new file mode 100644
index 0000000000000000000000000000000000000000..fb8f9b0fd61dea69ed13580f9552f278a8b4e558
--- /dev/null
+++ b/reuters/test/21479
@@ -0,0 +1,7 @@
+EMULEX CORP <EMLX.O> 1ST QTR SEPT 27 NET
+  Shr 13 cts vs 12 cts
+      Net 1,612,000 vs 1,571,000
+      Revs 28.8 mln vs 25.0 mln
+      Avg shrs 12.8 mln vs 13.3 mln
+  
+
diff --git a/reuters/test/21480 b/reuters/test/21480
new file mode 100644
index 0000000000000000000000000000000000000000..023eeb51eb25e5da867aeaffbd524a6bdf3ac060
--- /dev/null
+++ b/reuters/test/21480
@@ -0,0 +1,14 @@
+LYPHOMED INC <LMED.O> 3RD QTR NET
+  Shr 18 cts vs 13 cts
+      Net 5,436,000 vs 3,888,000
+      Sales 43.9 mln vs 31.5 mln
+      Avg shrs 30,145,000 vs 28,976,000
+      Nine mths
+      Shr 51 cts vs 38 cts
+      Net 15,320,000 vs 11,098,000
+      Sales 123.6 mln vs 91.2 mln
+      Avg shrs 30,157,000 vs 29,046,000
+      NOTE: Earnings adjusted for three-for-two stock split paid
+  June 20, 1986
+  
+
diff --git a/reuters/test/21482 b/reuters/test/21482
new file mode 100644
index 0000000000000000000000000000000000000000..f0350c86d66859a909ff8d024b099f1c3ed1e399
--- /dev/null
+++ b/reuters/test/21482
@@ -0,0 +1,6 @@
+AIRCRAFT ATTACK IRANIAN OIL RIGS IN SOUTHERN GULF
+  Unidentified jets raided three Iranian
+  oil rigs in the southern Gulf on Monday, setting at least one
+  of them ablaze, regional shipping sources said.
+  
+
diff --git a/reuters/test/21484 b/reuters/test/21484
new file mode 100644
index 0000000000000000000000000000000000000000..43b98b273d53279d78868f7b2d03b31c702e425f
--- /dev/null
+++ b/reuters/test/21484
@@ -0,0 +1,5 @@
+SHIPPING SOURCES SAY UNIDENTIFIED JETS RAID IRANIAN OIL PLATFORMS IN SOUTHERN GULF
+
+  SHIPPING SOURCES SAY UNIDENTIFIED JETS RAID IRANIAN OIL PLATFORMS IN SOUTHERN GULF
+  
+
diff --git a/reuters/test/21485 b/reuters/test/21485
new file mode 100644
index 0000000000000000000000000000000000000000..1980bd7a3dfe74d2c8615cf0a2af14484e0dc1ac
--- /dev/null
+++ b/reuters/test/21485
@@ -0,0 +1,5 @@
+Unidentified jets raid Iranian oil platforms in southern Gulf - shipping sources
+
+  Unidentified jets raid Iranian oil platforms in southern Gulf - shipping sources
+  
+
diff --git a/reuters/test/21486 b/reuters/test/21486
new file mode 100644
index 0000000000000000000000000000000000000000..041116f133e19f6bb2970e84c300994ae286791b
--- /dev/null
+++ b/reuters/test/21486
@@ -0,0 +1,79 @@
+SAUDI TO REMAIN AS KEY LPG SUPPLIER TO JAPAN
+  Saudi Arabia is likely to remain the key
+  supplier of liquefied petroleum gas (LPG) to Japan for at least
+  the next five years, oil industry sources said.
+      Japan, while diversifying its supply sources of propane and
+  butane for stable supplies, will continue to bank on Saudi
+  Arabian LPG, the sources said.
+      They said Saudi's supply capabilities of LPG, an associate
+  of crude oil, is guaranteed by its crude output capacity. "Saudi
+  is a reliable supplier in that sense," said one trader.
+      Japan imports about 50 pct of its LPG from Saudi Arabia.
+      No single nation could substitute for Saudi Arabia as an
+  LPG supply source to Japan, the sources said.
+      "Saudi Arabia has committed itself to Japanese LPG buyers,
+  which has quelled fears that LPG supplies from the Mideast Gulf
+  could easily be disrupted in the wake of heightened hostilities
+  in that area," said another trader.
+      Saudi Arabia cut LPG shipments to Japan and elsewhere by 20
+  pct in September after a fire put a major gas plant at
+  Al-Juaimah out of operation. October shipments were back to
+  contractual volumes as Saudi was able to boost exports from
+  other ports.
+      Attacks on Gulf shipping by Iran and Iraq centered on crude
+  rather than products carriers, which has lulled fears of LPG
+  supply disruptions, traders said.
+      They said an Iranian blockade of the Strait of Hormuz was
+  unlikely because it would block Iran's oil shipments.
+      Industry sources said Japan's LPG imports will not greatly
+  rise or fall as its domestic demand growth is estimated at a
+  moderate 2.1 pct a year from 1986 through 1991.
+      Japanese term buyers of Saudi LPG are expected to lift
+  slightly lower volumes from January 1987, when imports from
+  Indonesia are slated to increase, the sources said.
+      The customers are unlikely to slash Saudi term purchases in
+  large scale when Japan increases annual imports of Indonesian
+  LPG to 1.95 mln tonnes in early 1989 from 319,000 tonnes in the
+  year ended March 1987, the sources said.
+      But when demand is sluggish in summer, they will phase down
+  term purchases of Saudi LPG and secure lower-priced cargoes on
+  the spot market, they said.
+      Japan imports some 12 mln tonnes of LPG a year, of which
+  5.3 mln tonnes are supplied by Saudi Arabia, 3.3 mln under term
+  contracts and two mln through spot purchases. Some 80 pct of
+  Japan's LPG imports are from the Middle East.
+      Saudi Arabia's state owned oil company Petromin has made
+  some concessions on term prices to Japanese customers in the
+  recent round of contract renewal talks, and it is likely the
+  Japanese will accept the offer, the sources said.
+      The Japanese term customers, however, have so far been
+  unsuccessful in establishing a transparent price formula to
+  replace the existing unilateral monthly price notice.
+      Japanese buyers pay Saudi Arabia a price notified by
+  Petromin each month. Most recently the FOB price was set at 87
+  pct of the 17.52 dlrs per barrel government selling price (GSP)
+  of Arabian Light.
+      Buyers reserve the right to phase down or out liftings
+  should the monthly price be set at over 95 pct of Arabian
+  Light's GSP.
+      Petromin has offered to lower this rate to 90 pct from the
+  95 pct for contracts with Japanese customers from next January,
+  the trade sources said.
+      Petromin also suggested that a seller's option of supplying
+  up to 20 pct more than the contractural volume be subject to
+  seller-buyer agreement.
+      Under the present contract, Petromin can automatically cut
+  supplies up to 10 pct of the contractual volume.
+      "If you want to import LPG from Saudi Arabia on a profitable
+  basis, you have to set the price factor at 80 to 85 pct," said
+  an official at a major importer. "Freight costs are higher for
+  cargoes coming from the Gulf than Southeast Asia due to a
+  longer haul and war risk insurance payments."
+      Japanese customers will visit Saudi Arabia this month to
+  finalise their separate contract talks, now focusing on
+  contractual period and volume, which could be very similar to
+  current levels, the sources said. "When we talk business, we
+  would seek profitability and sometimes forget vulnerability of
+  high dependence on a single supplier," said one.
+  
+
diff --git a/reuters/test/21488 b/reuters/test/21488
new file mode 100644
index 0000000000000000000000000000000000000000..323751565273ad79a7c565f5cc8536eac54c20a6
--- /dev/null
+++ b/reuters/test/21488
@@ -0,0 +1,11 @@
+INTELLICORP <INAI.O> 1ST QTR SEPT 30 LOSS
+  Shr loss nine cts vs loss 12 cts
+      Net loss 649,000 vs loss 850,000
+      Revs 5,059,000 vs 4,084,000
+      Avg shrs 7,041,000 vs 6,900,000
+      NOTE: Current year net includes charge 152,000 dlrs from
+  amortization of previously capitalized software costs.
+  Capitalized product development costs 276,000 dlrs vs 640,000
+  dlrs.
+  
+
diff --git a/reuters/test/21489 b/reuters/test/21489
new file mode 100644
index 0000000000000000000000000000000000000000..12ae9c89e0d39827334b4567f7eb278df07033fe
--- /dev/null
+++ b/reuters/test/21489
@@ -0,0 +1,16 @@
+OWENS AND MINOR INC <OBOD.O> 3RD QTR NET
+  Shr 36 cts vs 36 cts
+      Shr diluted 34 cts vs 31 cts
+      Net 1,679,000 vs 1,418,000
+      Sales 147.2 mln vs 121.5 mln
+      Avg shrs 4,608,000 vs 3,963,000
+      Avg shrs diluted 5,585,000 vs 5,463,000
+      Nine mths
+      Shr 1.04 dlrs vs 86 cts
+      Shr diluted 93 cts vs 77 cts
+      Net 4,387,000 vs 3,393,000
+      Sales 420.3 mln vs 338.7 mln
+      Avg shrs 4,233,000 vs 3,948,000
+      Avg shrs diluted 5,564,000 vs 5,468,000   
+  
+
diff --git a/reuters/test/21490 b/reuters/test/21490
new file mode 100644
index 0000000000000000000000000000000000000000..3922658797fd756fde75043b8f4a7efff4054bdb
--- /dev/null
+++ b/reuters/test/21490
@@ -0,0 +1,18 @@
+TRINOVA CORP <TNV> 3RD QTR NET
+  Shr 52 cts vs 43 cts
+      Net 17.7 mln vs 14.2 mln
+      Sales 413.1 mln vs 361.6 mln
+      Avg shrs 34.3 mln vs 30.3 mln
+      Nine mths
+      Oper shr 1.58 dlrs vs 66 cts
+      Oper net 53.9 mln vs 26.7 mln
+      Sales 1.22 billion vs 1.08 billion
+      Avg shrs 33.5 mln vs 35.2 mln
+      NOTE: 1986 nine mths net includes 20.6 mln dlr provision
+  for restructuring but excludes 85.0 mln dlr gain on sale of
+  discontinued glass business and 1,330,000 dlr gain from
+  discontinued operations.
+      Quarter orders 350.2 mln dlrs vs 296.7 mln dlrs.  Backlog
+  507.6 mln dlrs vs 444.4 mln dlrs.
+  
+
diff --git a/reuters/test/21492 b/reuters/test/21492
new file mode 100644
index 0000000000000000000000000000000000000000..952fd576dea301a44ba80659bd438d5a62f28b89
--- /dev/null
+++ b/reuters/test/21492
@@ -0,0 +1,22 @@
+NBC NEWS SAYS U.S. HAS RETALIATED AGAINST IRAN
+  U.S. television networks said on
+  Monday that U.S. forces launched a retaliatory strike against
+  Iran late Sunday, apparently attacking two Iranian offshore oil
+  drilling platforms.
+      NBC News said it understood six Iranians had been pulled
+  from the sea.
+      It said cautiously that U.S. forces attacked late Sunday
+  and that two Iranian oil platforms east of Bahrain were ablaze
+  as a result, but CBS News and other networks said flatly that
+  U.S. forces attacked the Iranian oil platforms.
+      U.S. officials had been meeting on a response since Friday
+  when an attack on a Kuwaiti port severely damaged a
+  U.S.-flagged ship.
+      President Reagan said on Sunday he had already made a
+  decision on the U.S. response to Friday's Iran attack but would
+  not say what the decision was.
+      Defense Secretary Caspar Weinberger said on Saturday the
+  attack on a U.S.-flagged ship in Kuwaiti waters on Friday was
+  almost certainly by an Iran Silkworm missile.
+  
+
diff --git a/reuters/test/21493 b/reuters/test/21493
new file mode 100644
index 0000000000000000000000000000000000000000..0d9e7964cf34f508f27c6963a16ce641a50932ed
--- /dev/null
+++ b/reuters/test/21493
@@ -0,0 +1,15 @@
+THAI TRADERS PLAN MAIZE FUTURES MARKET
+  Thai traders plan to establish a company
+  to regulate maize forward trading, in what could be a first
+  step towards a commodities futures exchange, maize dealers
+  said.
+      Traders and Internal Trade Department officials agreed last
+  week to commission a study on a structure to regulate maize
+  forward trading and to set up a company, Thailand Commodity
+  Exchange Co Ltd, with 30 businesses as shareholders who will
+  act as brokers in the futures market.
+      Chanthong Pattamapong, a commodities trader asked to to
+  draw up the study, said if the maize futures market succeeds it
+  may be extended to other commodities, perhaps sugar and rubber.
+  
+
diff --git a/reuters/test/21496 b/reuters/test/21496
new file mode 100644
index 0000000000000000000000000000000000000000..7d17b24f78a4f1681643142347be0cb5213af254
--- /dev/null
+++ b/reuters/test/21496
@@ -0,0 +1,5 @@
+ Bundesbank buys 11.7 mln dlrs as dollar fixed lower at 1.7740 marks
+
+   Bundesbank buys 11.7 mln dlrs as dollar fixed lower at 1.7740 marks
+  
+
diff --git a/reuters/test/21497 b/reuters/test/21497
new file mode 100644
index 0000000000000000000000000000000000000000..eed13d1069a29339f8b1e8d21f9e0914fa5cece2
--- /dev/null
+++ b/reuters/test/21497
@@ -0,0 +1,30 @@
+INDIAN RESERVE BANK TIGHTENS CREDIT POLICY
+  The Reserve Bank of India said it was
+  tightening its credit policy for commercial banks by raising
+  their cash reserve ratio by 0.5 pct to 10 pct, effective from
+  October 24.
+      The move, announced last weekend, is part of the bank's
+  policy for the second half of fiscal 1987/88 ending March and
+  is aimed at curbing excess bank liquidity.
+      The central bank also put selective controls on bank
+  advances to the oilseeds, vegetable oils and foodgrains trades.
+      "The policy's main objective is to fully meet the credit
+  requirements of agriculture, industry and exports, while
+  preventing excessive monetary expansion," bank Governor R.N.
+  Malhotra told an earlier meeting of chief executives of banks.
+      Malhotra said the rate of monetary expansion must be kept
+  under control in the second half of the current financial year.
+      Bank deposits rose 75.40 billion rupees in the first six
+  months of fiscal 1987/88 against 66.92 billion in the same
+  period last year, according to the bank.
+      Bankers said the bank's move to raise the cash reserve
+  ratio by 0.5 pct will mean impounding about five billion rupees
+  from the banking system. Banks' total deposits are estimated at
+  around 1,000 billion rupees.
+      They said banks are under pressure because of low returns
+  on commercial lending and investments in government securities.
+      "Already many banks are finding it difficult to maintain
+  their statutory liquidity and cash reserve ratios and are
+  resorting to heavy inter-bank borrowings," said one banker.
+  
+
diff --git a/reuters/test/21501 b/reuters/test/21501
new file mode 100644
index 0000000000000000000000000000000000000000..5cd22f38bc8567abddc94ba26d15fd6991322115
--- /dev/null
+++ b/reuters/test/21501
@@ -0,0 +1,18 @@
+PENTAGON HAS NO INFORMATION ON IRAN ATTACK RUMORS
+  A U.S. Defense Department spokesman
+  said he had no information on London oil and stock market
+  rumors that the United States had launched a retaliatory strike
+  against Iran for an attack on Friday that damaged a U.S. shi
+      "I don't have anything," Major Randy Morger said. "I have no
+  information at all."
+      President Reagan said on Sunday he had already made a
+  decision on the U.S. response to Friday's Iran attack but would
+  not say what the decision was.
+      Defense Secretary Caspar Weinberger said on Saturday the
+  attack on a U.S.-flagged ship in Kuwaiti waters on Friday was
+  almost certainly by an Iran Silkworm missile.
+      Some of the rumors in the London markets were that the
+  United States had launched an offshore strike against Iranian
+  missile installations.
+  
+
diff --git a/reuters/test/21502 b/reuters/test/21502
new file mode 100644
index 0000000000000000000000000000000000000000..2805f8f41bc06fc269723d8427e35aa6a6adc9dc
--- /dev/null
+++ b/reuters/test/21502
@@ -0,0 +1,24 @@
+SOUTH YEMEN PLANS OIL EXPORT PIPELINE - MEES
+  South Yemen is planning a major oil
+  pipeline system to be completed in 18-months time to start
+  exports at a initial rate of 100,000 barrels per day, (bpd) the
+  Middle East Economic Survey (MEES) said.
+      MEES said government approval for the export pipeline
+  followed a visit to Aden by a high ranking delegation from the
+  Soviet Union, which will help South Yemen construct the line
+      The engineering studies for the pipeline are nearly
+  finished and construction is expected to start early next year,
+  the industry newsletter said.
+      The pipeline will run about 170-200 kms (105-125 miles)
+  from Shabwa oilfields to a coastal terminal at Bir 'Ali on the
+  Gulf of Aden, MEES said.
+       MEES said the Soviet firm Technoexport, which is
+  developing oilfileds for South Yemen, has substantially
+  increased its initial reserve estimates and recommended a
+  pipeline with an eventual 500,000 bpd capacity.
+      The discovery of commercial quaotities of oil was confirmed
+  by Technoexport earlier this year in three structures in the
+  Shabwa region in the Northwestern part of the country, 200 kms
+  east of North Yemen's Alif oilfield.
+  
+
diff --git a/reuters/test/21503 b/reuters/test/21503
new file mode 100644
index 0000000000000000000000000000000000000000..273fe3fba61061702dc536fd89e3fef26e878fe9
--- /dev/null
+++ b/reuters/test/21503
@@ -0,0 +1,14 @@
+TRAFALGAR HOUSE BUYS U.S. BUILDER FOR 20 MLN DLRS
+  Trafalgar House Plc <TRAF.L> said it has
+  acquired the entire share capital of <Capital Homes Inc> of the
+  U.S. For 20 mln dlrs in cash.
+      Capital Homes builds single family homes in the Washington
+  D.C. Area and is also active as a land developer both for its
+  own use and for sale to other builders.
+      In the financial year to end February, 1987, Capital
+  recorded pre-tax profits of 3.7 mln dlrs on a turnover of 58
+  mln dlrs from the sale of 421 homes. Capital has a land bank of
+  some 2,600 units and in the current year the company expects to
+  sell 500 homes, Trafalgar House said.
+  
+
diff --git a/reuters/test/21506 b/reuters/test/21506
new file mode 100644
index 0000000000000000000000000000000000000000..ad143b4b3e2f04ff1877b9e0f75e0deecbaae27b
--- /dev/null
+++ b/reuters/test/21506
@@ -0,0 +1,14 @@
+KUWAITI OIL EXPORTS SAID NOT AFFECTED BY GULF WAR
+  Kuwait's oil exports have not been
+  affected by the seven-year Iran-Iraq war, Kuwait Oil Tanker
+  Company (KOTC) Chairman and Managing Director Abdul Fattah
+  al-Bader told a Kuwaiti newspaper.
+      "Kuwait has exploited all available opportunities to
+  continue exporting its oil without any reduction," the Al-Anbaa
+  newspaper quoted him as saying.
+      He said KOTC made profits of more than two mln dinars
+  (seven mln dlrs) in the fiscal year ending last June, but
+  predicted lower profits this year due to higher costs for
+  chartering and operating vessels.
+  
+
diff --git a/reuters/test/21508 b/reuters/test/21508
new file mode 100644
index 0000000000000000000000000000000000000000..7fd65df637de10c0387579d44975ad0712b519c6
--- /dev/null
+++ b/reuters/test/21508
@@ -0,0 +1,97 @@
+GERMAN FINANCIAL POLICY MAKERS IN RARE DISSENSION
+  Karl Otto Poehl, head of West Germany's
+  central bank, and Finance Minister Gerhard Stoltenberg are
+  normally so much in agreement that some foreigners doubt the
+  central bank's independence.
+      But a rare public row between the ebullient Poehl,
+  president of the Bundesbank, and Stoltenberg, over a
+  controversial investment tax proposal, has added to the woes of
+  the country's already nervous financial markets, bankers said.
+      Poehl told an investment symposium in Frankfurt last
+  Thursday he feared the tax would raise borrowing costs and
+  interest rates
+      Stoltenberg quickly issued a statement rebutting Poehl's
+  criticism, saying West Germany would remain an attractive place
+  for foreign investors.
+      "The obvious lack of coordination between the Bundesbank and
+  Finance Ministry does not instil confidence in foreign
+  investors," said one economist for a London broker, who asked
+  not to be identified.
+      Bankers here expressed confidence the two top financial
+  policy-makers would quickly patch up their relationship to
+  steer the economy through a particularly difficult time.
+      "There are plenty of objective pressures which will result
+  in things getting back to normal again after a period of ill
+  feeling," said Commerzbank AG chief economist Juergen Pfister.
+      News on October 9 that the government was planning a 10 pct
+  withholding tax wiped billions of marks off shares and bonds in
+  a market already reeling from rising interest rates at home and
+  abroad.
+      Bankers said the Bundesbank was angered by the way the
+  finance ministry announced the plan -- without consulting the
+  Bundesbank adequately, and allowing apparently conflicting
+  details to dribble out into an unprepared and uncertain market.
+      Both Poehl, 57, and Stoltenberg, 59, have been under
+  extraordinary pressures lately.
+      Poehl has had to switch to the hard line promoted by his
+  deputy, Helmut Schlesinger, jacking up interest rates to fight
+  inflationary fears and abandoning the pragmatic policies he had
+  pursued so far this year to promote currency stability.
+      In recent statements Poehl has sounded more like
+  Schlesinger. For years the softly-spoken economist has been
+  warning in speech after speech that excessive money supply
+  growth would eventually lead to rising prices.
+      Schlesinger now has a majority of support in the Bundesbank
+  council, and since late summer Poehl has had to represent his
+  views, bankers said.
+      "Poehl is in a minority in his own house," said Commerzbank's
+  Pfister.
+      "Poehl is in a dilemma. He must follow a policy that is not
+  entirely his own," said another economist.
+      The dilemma is that if German interest rates rise too far,
+  they will attract funds into the country, pushing up the mark
+  and hurting West German exporters.
+      The dollar has now shed some seven pfennigs since the
+  Bundesbank's new tack became clear in early October.
+      Since last Thursday, United States Treasury Secretary James
+  Baker has criticized the Bundesbank rate increases.
+      Bankers said this could foreshadow a revival of the 1986
+  war of words between the U.S. And West Germany, in which U.S.
+  Officials talked down the dollar to force West Germany to
+  stimulate its economy and thus suck in more U.S. Exports.
+      One way West Germany agreed to do this was making a round
+  of tax cuts worth 39 billion marks from 1990.
+      But financing these tax cuts has proved more difficult for
+  Stoltenberg than he had bargained for.
+      The cool, unflappable northerner, who was regularly voted
+  most popular government politician last year, had to face
+  resistance from local barons in the government coalition
+  parties and from trade unions to his planned subsidy cuts.
+      The withholding tax was intended to plug one gap by raising
+  4.3 billion marks.
+      But it has caused an outcry among bankers, who say it will
+  push up borrowing costs. The extra amount this costs the
+  government could wipe out the revenue the tax brings in.
+      Meanwhile Stoltenberg is dealing with a local political row
+  which has turned into the country's worst political scandal.
+      Stoltenberg had to leave monetary talks in Washington last
+  month early to sort out a row in the northern state of
+  Schleswig-Holstein, where he heads the ruling CDU party.
+      The state's CDU premier, Uwe Barschel, had to resign after
+  allegations of a "dirty tricks" election campaign led to heavy
+  losses for the CDU in state elections.
+      Barschel was found dead in a hotel bath in Geneva last
+  weekend. Police say the death appears to have been suicide.
+      Cooperation between Poehl and Stoltenberg is all the more
+  remarkable as Poehl is in the opposition Social Democrats, and
+  was appointed by former chancellor Helmut Schmidt.
+      When Poehl's contract came up for renewal earlier this
+  year, Chancellor Helmut Kohl's CDU-led coalition government
+  gave Poehl another eight-year term.
+      Werner Chrobok, managing partner at Bethmann Bank, said he
+  hoped the two men would soon be of one opinion again.
+      But when Poehl criticized Stoltenberg's tax plans he was
+  not only voicing what many bankers felt but demonstrating the
+  Bundesbank's independence of government, Chrobok said.
+  
+
diff --git a/reuters/test/21510 b/reuters/test/21510
new file mode 100644
index 0000000000000000000000000000000000000000..b43ffd1e7132f0dbb302d159e0a0a9c2ad29069c
--- /dev/null
+++ b/reuters/test/21510
@@ -0,0 +1,19 @@
+PAPERS SAY VENEZUELAN CENTRAL BANK CHIEF TO RESIGN
+  Venezuelan Central Bank President Hernan
+  Anzola has submitted his resignation and asked President Jaime
+  Lusinchi to transfer him to a post in the oil industry, two
+  leading Venezuelan newspapers reported.
+      The El Universal and El Nacional papers said Anzola would
+  leave his position soon. Lusinchi already has decided on his
+  successor, the El Nacional reported.
+      Central Bank officials were not available for comment.
+  
+      Banking sources said Anzola differed with the Finance
+  Ministry over economic policy, particularly over the direction
+  of interest rates. He favoured raising the rates, which are
+  currently well below the annual inflation rate of 33.2 pct.
+      But the sources said he ran into opposition from Finance
+  Ministry and government officials who thought an interest
+  increase would fuel inflation.
+  
+
diff --git a/reuters/test/21511 b/reuters/test/21511
new file mode 100644
index 0000000000000000000000000000000000000000..93fbcfc3dbe986735c54bb9201dc8ebb8ad1fd91
--- /dev/null
+++ b/reuters/test/21511
@@ -0,0 +1,5 @@
+ Bundesbank adds money market liquidity at 3.70-3.80 pct -dealers
+
+   Bundesbank adds money market liquidity at 3.70-3.80 pct -dealers
+  
+
diff --git a/reuters/test/21512 b/reuters/test/21512
new file mode 100644
index 0000000000000000000000000000000000000000..336b3f5f973fa13126c14e77bb6d54ab6909a063
--- /dev/null
+++ b/reuters/test/21512
@@ -0,0 +1,26 @@
+BALLADUR INSISTS ON MAINTENANCE OF LOUVRE ACCORDS
+  French Finance Minister Edouard Balladur
+  issued a firm call for the continued faithful application of
+  the Louvre accords on currency stability by all major
+  industrial countries.
+      Balladur, responding to weekend remarks by U.S. Treasury
+  Secretary James Baker that the U.S. Would take another look at
+  the accords, said "I firmly desire a faithfull and firm
+  adherence by all the major industrial countries to the Louvre
+  accords -- in both their letter and spirit."
+      On Sunday, Baker said last week's rise in short-term West
+  German interest rates was not in keeping with the accords.
+  
+      The Louvre accords, agreed in Paris last February, called
+  for stability among the major currencies after a prolonged
+  dollar slide.
+      The accords were reaffirmed by the Group of Seven Finance
+  Ministers in Washington last month.
+      But Baker said at the weekend that the West German rate
+  rise was "not in keeping with the spirit of what we agreed to."
+      "What I'm really saying is that they should not expect us to
+  simply sit back here and accept increased tightening on their
+  part on the assumption that somehow we are going to follow
+  them," he added.
+  
+
diff --git a/reuters/test/21517 b/reuters/test/21517
new file mode 100644
index 0000000000000000000000000000000000000000..49baf2310834e4a01b58b69691374f28a3d6faab
--- /dev/null
+++ b/reuters/test/21517
@@ -0,0 +1,21 @@
+IRAN WARNS U.S. AGAINST RAISING TENSION IN GULF
+  Iran warned the United States on Monday
+  against exacerbating the Gulf crisis, saying it would endanger
+  American interests.
+      Tehran Radio, monitored by the British Broadcasting
+  Corporation, said a spokesman for Iran's War Information
+  Headquarters was responding "to U.S. Officials' remarks about
+  taking military action against Iran."
+      The radio also quoted an Iranian Foreign Ministry spokesman
+  as saying Iran would respond decisively to any aggressive
+  measure by the United States.
+      The radio said the spokesman made the statement "following
+  the attack on a Kuwaiti ship under the U.S. Flag and comments
+  by American officials on carrying out retaliatory action
+  against Iran."
+      The spokesman said, "Any U.S. Military aggression against
+  Iran will certainly be the beginning of an extensive clash in
+  the Persian Gulf, and amidst this our principled policy is to
+  confront any act which escalates tension."
+  
+
diff --git a/reuters/test/21519 b/reuters/test/21519
new file mode 100644
index 0000000000000000000000000000000000000000..aa1ad6bbe12af456d17f15a78169c9d5867e1636
--- /dev/null
+++ b/reuters/test/21519
@@ -0,0 +1,10 @@
+NORWAY'S CURRENT ACCOUNT IN DEFICIT
+  Norway's current account showed a 9.9
+  billion crown deficit for the first seven months of 1987,
+  against a 19.7 billion crown deficit for the same year-ago
+  period, the Central Bureau of Statistics said.
+      North Sea oil and gas revenues rose 3.4 pct to 32.6 billion
+  crowns in the January to July period compared with 31.5 billion
+  in the first seven months of 1986. REUTER
+  
+
diff --git a/reuters/test/21521 b/reuters/test/21521
new file mode 100644
index 0000000000000000000000000000000000000000..9df8aeca183ed3f62c05fa7fd55534bfa6e89cb5
--- /dev/null
+++ b/reuters/test/21521
@@ -0,0 +1,14 @@
+BONN MINISTRY HAS NO COMMENT ON BAKER REMARKS
+  The West German Finance Ministry declined to
+  comment on weekend criticism by U.S. Treasury Secretary James
+  Baker of recent West German interest rate increases.
+      Baker said the U.S. Would re-examine the February Louvre
+  Accord to stabilise currencies reached by leading industrial
+  democracies. The rise in West Germany short term interest rates
+  was not in the spirit of an agreement by these nations in
+  Washington, which reaffirmed the Louvre pact, he said.
+      A Finance Ministry spokesman, asked for an official
+  ministry reaction to Baker's remarks, said he could make no
+  comment.
+  
+
diff --git a/reuters/test/21523 b/reuters/test/21523
new file mode 100644
index 0000000000000000000000000000000000000000..bf33f973e8ac4d7db2016902b2500ff4623e575d
--- /dev/null
+++ b/reuters/test/21523
@@ -0,0 +1,14 @@
+ANIMAL FEED SHIP ON FIRE AGAIN AT CHINESE PORT
+  The Cyprus vessel Fearless, 31,841 tonnes
+  dw, which was on fire, grounded then towed to Yantai, China, in
+  August, had all its cargo reloaded but the cargo in the no. 3
+  hold caught fire on October 15.
+      The fire was put out with salt water and water from the
+  no.4 hold has spread over most of the cargo. Some water is also
+  in the no.5 hold. Bottom patching was reported complete but
+  only the no.4 starboard wing tank has been pumped out and
+  remains dry. The engine room is flooded to about three metres.
+      The ship was originally loaded with 10,000 tonnes of animal
+  feed.
+  
+
diff --git a/reuters/test/21525 b/reuters/test/21525
new file mode 100644
index 0000000000000000000000000000000000000000..8b6f4ba3815a9cc2ebe3846a6292a6cacfdb4b54
--- /dev/null
+++ b/reuters/test/21525
@@ -0,0 +1,41 @@
+HIGHER SPENDING EXPECTED IN MALAYSIA'S 1988 BUDGET
+  Malaysia's recovery from the worst
+  recession in 20 years should receive a boost on Friday when the
+  government announces a reflationary budget for calendar 1988
+  after seven years of austerity, economists said.
+      "Our country is walking on one leg now," said Ismail Salleh,
+  an economist with the Institute of Strategic and International
+  Studies. "It has to depend on public sector investment for
+  faster growth if the private sector is not moving."
+      Gross domestic product grew one pct in 1986 after shrinking
+  one pct in 1985. The fiscal year ends December 31.
+      The government has said it expects 1987 growth to be under
+  two pct but some analysts believe it will be nearer three pct
+  because prices for commodity exports have risen sharply.
+  Malaysia is a leading exporter of rubber, palm oil, tin and
+  semiconductors and a major producer of cocoa, timber and oil.
+      The government slashed development spending to 9.8 billion
+  ringgit this year from 14.5 billion in 1986.
+      Economists said unemployment is expected to exceed 10 pct
+  in 1988 against about 9.5 pct this year.
+      Local investment also has stagnated, with businessmen
+  blaming inconsistent economic policies and lack of incentives.
+      One businessman said too many politicians give the
+  impression that Malaysia was unstable.
+      "If we can take care of investment confidence, the potential
+  to recover strongly is great," a banker said.
+      Malaysia's 1987 current account is expected to be in the
+  black with the Central Bank projecting a 500 mln ringgit
+  surplus compared with last year's 1.2 billion ringgit deficit.
+      The government has said its fiscal policies will balance
+  the budget by 1989. The deficit in 1986 was 952 mln ringgit.
+      The government will also repay some of its external debt,
+  which stood at 51 billion ringgit at the end of 1986.
+      Political leaders have said the budget will not hurt
+  ordinary people as taxes on basic food and other essential
+  goods are unlikely to change.
+      Businessmen said they hope the government also will cut the
+  corporate tax, now between 45 and 48 pct, to enable Malaysia to
+  compete for investors with neighbouring states.
+  
+
diff --git a/reuters/test/21526 b/reuters/test/21526
new file mode 100644
index 0000000000000000000000000000000000000000..f6c79ef4e0705c75123fdd7e34486cef445c7535
--- /dev/null
+++ b/reuters/test/21526
@@ -0,0 +1,12 @@
+BRITISH BAUXITE VESSEL GROUNDED IN ORINOCO RIVER
+  Lloyds Shipping Intelligence service said
+  the British bulk carrier Envoy, 75,453 tonnes dw, was grounded
+  at Mile 190 in the Orinoco river on October 16.
+      The vessel was on a voyage from Trombetas, Brazil, to
+  Matanzas, Cuba, carrying 50,000 tonnes of bauxite. Its draught
+  was 36 feet.
+       Attempts to refloat the vessel with the help of six tugs
+  have been unsuccessful. The owners are considering unloading
+  part of the cargo onto barges.
+  
+
diff --git a/reuters/test/21530 b/reuters/test/21530
new file mode 100644
index 0000000000000000000000000000000000000000..4dbef7ff04694deecfae29e0429054cf0a81eb95
--- /dev/null
+++ b/reuters/test/21530
@@ -0,0 +1,23 @@
+CHINA FORECASTS 397 MLN TONNES GRAIN HARVEST
+  China expects its 1987 grain harvest to be
+  397 mln tonnes, eight mln tonnes short of its target, the New
+  China News Agency quoted a State Statistical Bureau spokesman
+  as saying.
+      The harvest will be China's second highest in history but
+  poor weather and low incentives for grain-producing farmers
+  have kept yields down, earlier Chinese press reports said.
+      Industry sources expect China to import at least 10 mln
+  tonnes of grain this year because of the harvest shortfall.
+      Chinese customs figures showed grain imports of 9.59 mln
+  tonnes in the first eight months of 1987, compared with 6.09
+  mln in the same 1986 period.
+      Agriculture Minister He Kang said last month state prices
+  for grain purchase from growers were to be adjusted to increase
+  the incentive for grain production.
+      China could not afford to become a major food importer, he
+  said.
+      The State Statistics Bureau spokesman also said China's
+  1987 cotton output was expected to rise 10 pct over 1986 to 390
+  mln tonnes.
+  
+
diff --git a/reuters/test/21532 b/reuters/test/21532
new file mode 100644
index 0000000000000000000000000000000000000000..023b3a18f3785c181eaff656e54333d3d36a3305
--- /dev/null
+++ b/reuters/test/21532
@@ -0,0 +1,33 @@
+PHILIPPINE INFLATION PREDICTED TO RISE
+  The Philippine 1987 inflation rate will
+  rise to 4.8 pct from 0.74 pct in 1986 if the government
+  implements an employers' association recommendation for a 10
+  pct increase in the 54 peso minimum daily wage this month,
+  Economic Planning Secretary Solita Monsod said.
+      The government's own proposal for an across-the-board daily
+  pay rise of six pesos for non-agricultural workers and eight
+  pesos for agriculture workers, would push the full year average
+  higher to 5.4 pct, she told the Senate last week.
+      The 10 pct rise in the minimum wage is recommended by the
+  Employers Confederation of the Philippines (ECOP).
+      The ECOP proposal would push the year-on-year inflation
+  rate to 11.6 pct in December compared with the predicted 14.4
+  pct if the government's recommendation is implemented, Solita
+  said. Both were proposed last month.
+      Annual inflation for 1987 was forecast at four to 4.5 pct
+  by the National Economic and Development Authority early this
+  month.
+      In the first three months of the year, inflation was a
+  negative 0.5, 0.6 and 0.7 pct respectively, rising to 1.0, 2.5
+  and 4.6 pct in April May and June, the National Statistics
+  Office said.
+      The annual inflation rate rose to 5.8 pct in June, 6.2 pct
+  in July and 6.15 and 6.188 pct in August and September
+  respectively, the National Statistics Office said.
+      It attributed the acceleration to higher fuel and water
+  prices.
+      The government's six and eight peso wage increases would
+  displace up to 20,000 workers, Monsod said, bringing the number
+  of unemployed to 4.2 mln or 19.2 pct of the population.
+  
+
diff --git a/reuters/test/21535 b/reuters/test/21535
new file mode 100644
index 0000000000000000000000000000000000000000..dc92b1b4c674ee9da7a37d7f3d8e39c60a780b15
--- /dev/null
+++ b/reuters/test/21535
@@ -0,0 +1,15 @@
+VOLKSKAS BANK SEES RAND HINGING ON INFLATION RATE
+  South Africa must drive down its
+  inflation rate to much lower levels to prevent a further
+  decline in the rand, said Volkskas Bank in its monthly economic
+  review.
+      The bank said that without a major drop in the inflation
+  rate, the rand was bound to eventually decrease even more,
+  regardless of a sharp rise in the gold price.
+      Inflation is running at an annual rate of some 17 pct and
+  the rand is around 49.53 U.S. Cents. Most economists estimate
+  continued high inflation.
+      Volkskas predicted the rand will remain fairly steady for
+  the rest of 1987 and then ease slightly next year.
+  
+
diff --git a/reuters/test/21536 b/reuters/test/21536
new file mode 100644
index 0000000000000000000000000000000000000000..12c4eff9f80154b01311d8d20bc0eb39c0145b98
--- /dev/null
+++ b/reuters/test/21536
@@ -0,0 +1,24 @@
+SOVIET SUGAR CONSUMPTION UP AS HOME BREWING GROWS
+  A sharp rise in Soviet sugar consumption
+  since the start of the Kremlin's anti-alcohol drive indicates
+  home brewing is costing the state 20 billion roubles in lost
+  vodka sales, Pravda said.
+      The Communist Party newspaper said sugar sales had
+  increased by one mln tonnes a year, enough to be turned into
+  two billion bottles of moonshine.
+      At current vodka prices of 10 roubles a bottle, it said,
+  this meant illicit alcohol consumption had reached the
+  equivalent of 20 billion roubles a year, or annual revenues
+  from vodka sales before the May 1985 anti-alchohol decree.
+      "Official statistics show a reduction in consumption of
+  vodka, but this is a deceptive statistic -- it does not count
+  home-brew," Pravda said.
+      "The epidemic first engulfed the villages and has now also
+  firmly settled into cities, where the availability of natural
+  gas, running water and privacy has made it much easier."
+      Kremlin leader Mikhail Gorbachev launched the anti-alcohol
+  campaign shortly after taking office in March 1985 as a first
+  step to improving Soviet economic performance, which had been
+  seriously hurt by drunkenness among the working population.
+  
+
diff --git a/reuters/test/21538 b/reuters/test/21538
new file mode 100644
index 0000000000000000000000000000000000000000..22ef2133480fd44354b82d7e9bcb23ba96540f16
--- /dev/null
+++ b/reuters/test/21538
@@ -0,0 +1,9 @@
+EQUITICORP HOLDING IN GUINNESS REACHES 59.93 PCT
+  Equiticorp Holdings Ltd <EQUW.WE> now owns
+  or has received acceptances representing 59.93 pct of the
+  issued ordinary share capital of Guinness Peat Group Plc
+  <GNSP.L>, Equiticorp said in a statement.
+      Equiticorp's offer for Guinness Peat became unconditional
+  on October 3, when it had 50.6 pct, and closed on October 17.
+  
+
diff --git a/reuters/test/21539 b/reuters/test/21539
new file mode 100644
index 0000000000000000000000000000000000000000..58c4526b92e7f28443c3bd5247e8fb949a2cc876
--- /dev/null
+++ b/reuters/test/21539
@@ -0,0 +1,21 @@
+BANKS EXTEND TRADING HALT IN LEBANESE POUND
+  Lebanon's Bankers Association said it
+  extended its suspension of trading in the Lebanese pound for
+  two more working days to study ways to stem the currency's
+  collapse.
+      The Central Bank did not post the rate of the pound to the
+  dollar and other currencies on Monday. The pound closed on
+  Thursday at 407.00/412.00 to the dollar compared with
+  Wednesday's close of 384.00/386.00.
+      Association sources told Reuters Friday's suspension of
+  trading for two working days was continued on Monday for two
+  more days so as to study proposals to reinforce the pound.
+      The Association, which comprises 106 commercial banks in
+  east and west Beirut, halted trading on Friday in a chaotic
+  market after the pound crashed to four record lows in the week.
+      The pound, hit by the inability of Lebanon's religiously
+  and ideologically divided government to end 12 years of civil
+  war, has lost more than 80 pct of its international value this
+  year.
+  
+
diff --git a/reuters/test/21541 b/reuters/test/21541
new file mode 100644
index 0000000000000000000000000000000000000000..d92040b349b06921c9ff18a6cb4018a1a26dd2e3
--- /dev/null
+++ b/reuters/test/21541
@@ -0,0 +1,35 @@
+STATOIL PLACES NORTH SEA VESLEFRIKK FIELD ORDERS
+  Den Norske Stats Oljeselskap A/S (Statoil)
+  <STAT.OL>, operator on Norway's North Sea Veslefrikk oil field,
+  has placed field development contracts totalling 1.5 billion
+  crowns with two domestic yards, the company said in a
+  statement.
+      Moss Rosenberg Verft, a subsidiary of Kvaerner Industrier
+  A/S <KVIO.OL> won a 1.2 billion crown contract to convert
+  Statoil's semisubmersible rig West Vision to a floating
+  production platform and to build the deck for a separate, fixed
+  well-head platform to be placed on the field, it said.
+      Statoil said Aker Verdal, a unit of Aker Norcem A/S
+  <AMVO.OL>, won a 300-mln crown contract to design and build the
+  well-head platform's 10,000-tonne steel substructure, to stand
+  in 150 metres of water next to the converted rig.
+      Statoil said using a floating production unit rather than a
+  fixed platform would cut construction time, enabling field
+  partners to bring Veslefrikk on stream in late 1989 -- several
+  months earlier than previously planned.
+      Veslefrikk, with estimated recoverable reserves of 258 mln
+  barrels oil and 140 billion cubic feet gas, is located 145 km
+  west of Bergen.
+      Statoil estimates the field's total development cost,
+  including drilling, at 6.6 billion crowns. Planned daily output
+  is 65,000 barrels oil and 35 mln cubic feet gas.
+      Veslefrikk's oil will be landed via the nearby Oseberg
+  field pipeline at the Sture crude terminal near Bergen. Its gas
+  will be fed into the Statpipe line, which gathers gas from
+  Norway's Statfjord, Gullfaks and Oseberg fields.
+      Partners on the field are Statoil, the operator, with a 55
+  pct share, <Unocal Norge A/S> (18 pct), <Deminex (Norge) A/S>
+  (13.5 pct), Norsk Hydro A/S <NHY.OL> (nine pct) and <Svenska
+  Petroleum AB> (4.5 pct).
+  
+
diff --git a/reuters/test/21542 b/reuters/test/21542
new file mode 100644
index 0000000000000000000000000000000000000000..75e0036fbef085748cbc191aa97949679c5672dd
--- /dev/null
+++ b/reuters/test/21542
@@ -0,0 +1,78 @@
+LOUVRE ACCORD STILL IN EFFECT, JAPAN OFFICIAL SAYS
+  The Group of Seven (G-7) industrial nations
+  still comply with last February's Louvre accord to stabilize
+  currencies, a senior Bank of Japan official said.
+      And U.S. Treasury Secretary James Baker's remarks at the
+  weekend indicating the need to revise it do not herald a lower
+  range for the dollar, other senior officials from the Bank of
+  Japan and Finance Ministry agreed in interviews.
+      "The exchange market is apparently reacting too much, and
+  anyone who sold the dollar on the Baker comment will regret it
+  later on," the Bank of Japan official told Reuters.
+      The Bank official said Baker did not mean to talk the
+  dollar down. A lower dollar would harm the U.S. Economy, he
+  noted.
+      A Finance Ministry official who was directly involved in
+  monetary talks with other nations also said the U.S. Would
+  never attempt to lower the reference range for the dollar
+  against the mark or the yen.
+      The market assumes the dollar reference range to be between
+  140-150 yen and between 1.70 and 1.90 marks.
+      The dollar closed in Tokyo today at 1.7730/35 marks and
+  141.35 yen.
+      "Behind Baker's remark was U.S. Frustration over higher
+  interest rates abroad, especially in West Germany, but this
+  does not represent its readiness to scrap the basic framework
+  of the Louvre accord," the Finance Ministry official said.
+      He said that on the contrary Baker wanted to avoid any
+  further rise in U.S. Interest rates because it would not only
+  hurt the U.S. Economy but aggravate the Third World debt
+  problem.
+      Higher U.S. Interest rates would merely raise their
+  interest payment burden and depress U.S. Stock and bond markets
+  further, the monetary officials said.
+      Both the ministry and central bank officials, who declined
+  to be named, noted the U.S. No longer wants to see a further
+  decline of the dollar because that could also fan inflationary
+  expectations in the U.S.
+      "That's why Baker did not fail to add that the Louvre
+  agreement is still operative," the senior ministry official
+  said.
+      Baker said in a U.S. Television interview on Sunday that
+  Washington would reexamine the Louvre accord because of West
+  Germany's increase in short-term interest rates.
+      The market at first interpreted this as indicating the U.S.
+  Would be ready to scrap the Louvre accord and let the dollar
+  decline further unless surplus countries, notably West Germany,
+  try harder to stimulate their economies as pledged in the
+  accord, foreign exchange dealers said.
+      But the market on reflection also noted Baker's additional
+  statement that "the Louvre agreement is still operative," and
+  this caused some dollar short-covering in Tokyo today, the
+  dealers said.
+      Uncertainty, however, remained the flavour of the day in
+  Tokyo currency markets.
+      The Japanese monetary officials said Baker's undisguised
+  pressure on West Germany to refrain from guiding interest rates
+  higher may be part of a process of multilateral surveillance,
+  or international economic policy coordination.
+      The G-7, comprising the U.S., Japan, West Germany, Britain,
+  France, Italy and Canada, have agreed to monitor each other's
+  economic policies and from time to time apply "peer pressure" to
+  persuade others to change their policies to a desired course,
+  they noted. "Without such a basic agreement of multilateral
+  surveillance, Baker would never have criticized the West German
+  policy so openly," the ministry official said.
+      The U.S.-West German squabble over Bonn's monetary policy
+  should thus be regarded as a process of healthy policy
+  coordination and not as any indication of a possible collapse
+  of the Louvre agreement, the official said.
+      He also said Japan has not received any specific request
+  from the U.S. On its monetary policy, although its short-term
+  money rates have been edging higher.
+      "This is because we, unlike the Germans, are not taking
+  policy to guide interest rates higher, and the marginal rate
+  rise in recent days is primarily for seasonal reasons," he
+  added.
+  
+
diff --git a/reuters/test/21550 b/reuters/test/21550
new file mode 100644
index 0000000000000000000000000000000000000000..07cc39668621af10b5ca7e531171aed0f6fe58ca
--- /dev/null
+++ b/reuters/test/21550
@@ -0,0 +1,19 @@
+CABLE AND WIRELESS DETAILS MERGER OF H.K. UNITS
+  Cable and Wireless Plc <CAWL.L> said it
+  will merge its Hong Kong Telephone Co Ltd <TELH.HK> and <Cable
+  and Wireless (Hong Kong) Ltd> units into a new holding firm to
+  be called <Hong Kong Telecommunications Ltd>.
+      Under the merger, H.K. Telephone shareholders will receive
+  two H.K. Telecommunication shares at a par value of 50 H.K.
+  Cents for each H.K. Telephone share at par of one dlr.
+      H.K. Telephone shareholders other than the Cable and
+  Wireless group will receive warrants on a one-for-five basis
+  entitling them to acquire from Cable and Wireless Plc within
+  five years one H.K. Telecom share at 10 dlrs each.
+      The Cable and Wireless Plc group now holds some 70 pct of
+  H.K. Telephone. It also owns 80 pct of Cable and Wireless (Hong
+  Kong), while the Hong Kong government holds the balance.
+      Trading in H.K. Telephone shares was suspended on October
+  15. The shares last traded at 19.30 dlrs.
+  
+
diff --git a/reuters/test/21551 b/reuters/test/21551
new file mode 100644
index 0000000000000000000000000000000000000000..c879c4effd2fe54b066fdc27e540468af8b5defc
--- /dev/null
+++ b/reuters/test/21551
@@ -0,0 +1,10 @@
+TDK GROUP NET UP 17.6 PCT IN NINE MONTHS
+  Nine months ended August 31
+      Group shr 118.66 yen vs 100.89 yen
+      Group shr per ADS 237.32 vs 201.78
+      Net 14.28 billion vs 12.14 billion
+      Pretax 34.48 billion vs 29.45 billion
+      Sales 288.08 billion vs 278.50 billion
+      Company's full name is TDK Corp <TDK.T>.
+  
+
diff --git a/reuters/test/21553 b/reuters/test/21553
new file mode 100644
index 0000000000000000000000000000000000000000..e3847585ba58454323558dcdd3e58a3fe204944f
--- /dev/null
+++ b/reuters/test/21553
@@ -0,0 +1,10 @@
+TDK GROUP NET UP 0.5 PCT IN THREE MONTHS TO AUGUST
+  Third quarter ended August 31
+      Group shr 34.92 yen vs 34.74
+      Group shr per ADS 69.84 vs 69.48
+      Net 4.20 billion vs 4.18 billion
+      Pretax 10.30 billion vs 9.73 billion
+      Sales 95.96 billion vs 92.59 billion
+      Company's full name is TDK Corp <TDK.T>
+  
+
diff --git a/reuters/test/21555 b/reuters/test/21555
new file mode 100644
index 0000000000000000000000000000000000000000..dbe5c0f2fd1087caab7434dc376693bc72010339
--- /dev/null
+++ b/reuters/test/21555
@@ -0,0 +1,5 @@
+CABLE AND WIRELESS TO MERGE TWO H.K. UNITS INTO NEW TELECOMMUNICATION OPERATION
+
+  CABLE AND WIRELESS TO MERGE TWO H.K. UNITS INTO NEW TELECOMMUNICATION OPERATION
+  
+
diff --git a/reuters/test/21556 b/reuters/test/21556
new file mode 100644
index 0000000000000000000000000000000000000000..dd0c3ddf194e6248731e35e4a9d69f6c244535fa
--- /dev/null
+++ b/reuters/test/21556
@@ -0,0 +1,25 @@
+BALLADUR INSISTS ON MAINTENANCE OF LOUVRE ACCORDS
+  French Finance Minister Edouard Balladur
+  issued a firm call for the continued faithful application of
+  the Louvre accords on currency stability by all major
+  industrial countries.
+      Balladur, responding to weekend remarks by U.S. Treasury
+  Secretary James Baker that the U.S. Would take another look at
+  the accords, said "I firmly desire a faithfull and firm
+  adherence by all the major industrial countries to the Louvre
+  accords -- in both their letter and spirit."
+      On Sunday, Baker said last week's rise in short-term West
+  German interest rates was not in keeping with the accords.
+      The Louvre accords, agreed in Paris last February, called
+  for stability among the major currencies after a prolonged
+  dollar slide.
+      The accords were reaffirmed by the Group of Seven Finance
+  Ministers in Washington last month.
+      But Baker said at the weekend that the West German rate
+  rise was "not in keeping with the spirit of what we agreed to."
+      "What I'm really saying is that they should not expect us to
+  simply sit back here and accept increased tightening on their
+  part on the assumption that somehow we are going to follow
+  them," he added.
+  
+
diff --git a/reuters/test/21557 b/reuters/test/21557
new file mode 100644
index 0000000000000000000000000000000000000000..243f62f0672e48836591cbe3f3b3340fc45be83f
--- /dev/null
+++ b/reuters/test/21557
@@ -0,0 +1,49 @@
+RUBBER STOCK MANAGER SAYS QUALITY ACCEPTABLE
+  International Rubber Organisation
+  (INRO) buffer stock manager Aldo Hofmeister said tests had
+  shown the quality of rubber in stock was acceptable, but
+  acknowledged that some consumers were now wary of buying it.
+      "We have said all along that the rubber is holding up well
+  from a condition and quality standpoint...Rubber stored in
+  proper conditions does not deteriorate," he told Reuters in a
+  telephone interview. The quality of buffer stock rubber sold
+  since he entered the market in September would be discussed at
+  an INRO Council meeting which opened here today, he said.
+      Tokyo traders said on Friday they had little interest in
+  buying rubber from the INRO buffer stock because of possible
+  poor quality.
+      Hofmeister began selling rubber when prices exceeded the
+  "may-sell' level of 232 cents per kg early last month. INRO's
+  five-day moving average was quoted at 237.3 cents on October
+  16. He said the quality of five to six-year old rubber in stock
+  was uppermost in consumers' minds.
+      "We have received good interest for the rubber. I understand
+  the Japanese concern. Many consumers want to try the rubber
+  before they carry on buying," he said.
+      Hofmeister said INRO rubber was stored in 28 different
+  locations in producing and consuming nations, adding all
+  warehouses used were suitable for long-term storage.
+      Selling of buffer stock rubber had levelled off during the
+  past week to 10 days and this could reflect a "wait and see
+  attitude" by buyers, he said.
+      "Consumers are holding back from buying additional amounts
+  until they test out the rubber. If their tests are positiive,
+  they are likely to buy more." Hofmeister said he could reduce
+  the offer price of buffer stock rubber to stimulate interest
+  but INRO did not want to depress prices artificially.
+      Hofmeister declined to comment on Japanese trade estimates
+  that he had sold around 30,000 to 32,000 tonnes in Kuala Lumpur
+  and New York since September.
+      But he said Japanese traders were in a position to have an
+  idea of the quantity he had sold, noting that traders overall
+  had put buffer stock sales at between 25,000 and 35,000 tonnes.
+      The question of sales from the original 360,000 tonne
+  buffer stock is expected to be the main topic of the Council
+  meeting which is scheduled to end on Thursday.
+      The current international rubber pact expires on October
+  22.
+      The deadline for the new pact's start is January 1989 and
+  Hofmeister has been mandated to continue selling rubber during
+  the interim period.
+  
+
diff --git a/reuters/test/21561 b/reuters/test/21561
new file mode 100644
index 0000000000000000000000000000000000000000..3ecb1b81f06f0dc9a891b3c7296adfca1f323875
--- /dev/null
+++ b/reuters/test/21561
@@ -0,0 +1,35 @@
+ECONOMIST URGES MORE TAXES TO LOWER N.Z. DOLLAR
+  An income tax surcharge and capital
+  gains tax could bring about an urgently needed depreciation of
+  the N.Z. Dollar, independent economist Len Bayliss said.
+      Bayliss, a former economist with the Reserve Bank and the
+  Bank of New Zealand, said a major depreciation is needed to
+  restore export competitiveness even if inflation is cut by
+  current government policies.
+      The taxes would help cut the budget deficit, which in turn
+  would lower the value of the N.Z. Dollar, he said in a speech.
+  He added that the deficit for the year ending March 1988 could
+  be much higher than the government's 1.3 billion dlr forecast.
+      Since the government was unlikely to cut expenditure as a
+  percentage of gross domestic product, a major tax increase was
+  probably unavoidable, Bayliss said.
+      He would have preferred an increase in the 10 pct
+  value-added goods and services tax, introduced in October 1986,
+  but that would have had a short-term inflationary impact.
+  Import tariffs should be lowered to minimise the inflationary
+  impact of a currency depreciation.
+      The government had failed to bring inflation down despite
+  lower oil prices and an appreciation in the currency, he added.
+      New Zealand's inflation rate was 16.9 pct in the year to
+  end-September against 18.9 pct in the year to end June.
+      The major deficiency in the government's anti-inflation
+  policies was reliance on high interest and exchange rates and
+  insufficient emphasis on reducing the budget deficit, Bayliss
+  said. The government had also failed to reduce overseas debt
+  and debt ratios and cut the balance of payments deficit.
+      "The widespread belief that (New Zealand's) problems are
+  going to take much longer to solve than was originally thought
+  is soundly based -- primarily because the government's
+  macro-economic policies have been unsuccessful," Bayliss said.
+  
+
diff --git a/reuters/test/21562 b/reuters/test/21562
new file mode 100644
index 0000000000000000000000000000000000000000..2e74baccb2cc5fcd34f87a3ef2391de8097e8dea
--- /dev/null
+++ b/reuters/test/21562
@@ -0,0 +1,11 @@
+PHILIPPINE TRADE GAP WIDENS IN JANUARY-AUGUST
+  The Philippines' trade deficit widened to
+  542 mln dlrs in the eight months to end-August from 159 mln
+  dlrs in the same 1986 period, the National Statistics Office
+  said.
+      It said exports in the eight-month period rose to 3.58
+  billion dlrs from 3.18 billion in 1986, while imports rose to
+  4.12 billion dlrs from 3.34 billion a year earlier.
+      The country's trade deficit totalled 202 mln dlrs in 1986.
+  
+
diff --git a/reuters/test/21565 b/reuters/test/21565
new file mode 100644
index 0000000000000000000000000000000000000000..6e66b0a568c1540f278738aea577dafc1f24925e
--- /dev/null
+++ b/reuters/test/21565
@@ -0,0 +1,25 @@
+NEW ZEALAND IMPOSES SANCTIONS AGAINST FIJI
+  New Zealand has imposed sanctions
+  against Fiji in response to that country's change of status to
+  a republic, acting prime minister Geoffrey Palmer said.
+      The sanctions will end all military cooperation and cut
+  economic aid. New Zealand will also not renew an agreement
+  which supports the price of Fijian sugar when it expires in
+  March. The loss of aid and sugar supports will cost Fiji about
+  10 mln dlrs a year.
+      Palmer told reporters after a cabinet meeting that the
+  government had asked High Commissioner Rod Gates to return from
+  Suva for discussions about other possible measures.
+      "We won't be reacting further until these discussions with
+  the High Commissioner and the Prime Minister have been held,"
+  Palmer said.
+      The sanctions were approved by the cabinet soon after
+  Colonel Sitivene Rabuka staged his second coup on September 25.
+  Implementation was postponed in the hope that Rabuka might turn
+  back from declaring a republic.
+      Palmer said the cabinet was happy with the statement from
+  Commonwealth leaders in Vancouver that Fiji's membership of the
+  Commonwealth had lapsed. Prime Minister David Lange is in
+  Hawaii on his way home from Vancouver.
+  
+
diff --git a/reuters/test/21567 b/reuters/test/21567
new file mode 100644
index 0000000000000000000000000000000000000000..16ca7f072fb7b3bcc8c9660cbe3351dfac01d87d
--- /dev/null
+++ b/reuters/test/21567
@@ -0,0 +1,24 @@
+UGANDA PLANS TO EXPORT ROASTED COFFEE TO EUROPE
+  Uganda plans to export roasted coffee to
+  Europe by the end of 1988, a prominent local businessman said.
+      A.R. Sendi said on Sunday that Uganda's Ministry of
+  Industry supports his plan to build a factory to roast, grind
+  and pack local coffee for export. Construction will start in
+  December and the factory should be ready by next October.
+      He said the Marketing Ministry has authorised the Coffee
+  Marketing Board to supply his company <Unipack> with 24,000
+  tonnes of beans a year for processing and export. Sendi also
+  told reporters he had negotiated a 69.7 mln French franc loan
+  from the Banque Industrielle d'Afrique Oriental in Paris.
+      Uganda is the world's fifth largest coffee producer, and
+  expects to produce about 200,000 tonnes this year.
+      Market sources say roasted coffee exports will benefit
+  Uganda's economy as they will not be included in the 2.38 mln
+  (60 kg) bag export quota assigned to the country under the
+  latest International Coffee Agreement.
+      In addition, the value of roasted coffee should be
+  substantially higher than that of unroasted beans, they said.
+      The U.S. Is the biggest buyer of Ugandan coffee, most of
+  which is used to produce instant coffee.
+  
+
diff --git a/reuters/test/21568 b/reuters/test/21568
new file mode 100644
index 0000000000000000000000000000000000000000..5cd6d04016126ce20348e8c21b4d9f3a91d1b1d2
--- /dev/null
+++ b/reuters/test/21568
@@ -0,0 +1,25 @@
+IRAN, SOVIET UNION TO SWAP CRUDE, REFINED PRODUCTS
+  The Soviet Union has agreed to supply
+  Iran with refined oil products in exchange for 100,000 barrels
+  per day of crude, Iran's national news agency, IRNA, said.
+      IRNA, monitored in Nicosia, quoted Oil Minister Gholamreza
+  Aqazadeh as saying on his return to Tehran from Moscow that the
+  agreement was part of a protocol on economic cooperation signed
+  during his visit. The amount of crude delivered to the Soviet
+  Union might double to 200,000 bpd later, he said.
+      Aqazadeh said the two sides agreed to conduct feasibility
+  studies for a pipeline to take Iranian crude from fields in
+  southern Iran to the Black Sea through the Soviet Union.
+      Iran is pursuing the pipeline project to protect part of
+  its oil exports from Iraqi air attacks in the Gulf.
+      Irna made no mention of natural gas exports to the Soviet
+  Union, which Aqazadeh had said would be discussed before he
+  left for Moscow.
+      Iran lost most of its refining capacity early in the Gulf
+  war and now imports several hundred thousand bpd of refined
+  products.
+      Aqazadeh said Soviet refined products would be delivered at
+  the Caspian Sea ports of Anzali and Nowshahr, at Neka, near the
+  Caspian, and at Jolfa in north-west Iran.
+  
+
diff --git a/reuters/test/21570 b/reuters/test/21570
new file mode 100644
index 0000000000000000000000000000000000000000..bc91efd8ac66465ebda5b21306f3e160c218bff0
--- /dev/null
+++ b/reuters/test/21570
@@ -0,0 +1,14 @@
+THAI RICE EXPORTS RISE IN WEEK TO OCTOBER 13
+  Thai rice exports rose to 72,987 tonnes
+  in the week ended October 13 from 54,075 the previous week, the
+  Commerce Ministry said.
+      It said the government and private exporters shipped 26,272
+  and 46,715 tonnes respectively. Private exporters concluded
+  advance weekly sales for 106,640 tonnes against 98,152 the
+  previous week. The said it ministry expects at least 65,000
+  tonnes in exports next week.
+      Thailand has shipped 3.43 mln tonnes of rice in the year to
+  date, down from 3.68 mln a year ago. It has commitments to
+  export another 388,390 tonnes this year.
+  
+
diff --git a/reuters/test/21571 b/reuters/test/21571
new file mode 100644
index 0000000000000000000000000000000000000000..87f4a5d6cdafe5e8d1d5a279d08084e7f68fabaf
--- /dev/null
+++ b/reuters/test/21571
@@ -0,0 +1,25 @@
+N.Z.'S CHASE CORP MAKES OFFER FOR ENTREGROWTH
+  Chase Corp Ltd <CHCA.WE> said it will
+  make an offer for all fully-paid shares and options of
+  <Entregrowth International Ltd> it does not already own.
+      Chase, a property investment firm, said it holds 48 pct of
+  Entregrowth, its vehicle for expansion in North America.
+      It said agreements are being concluded to give it a
+  beneficial 72.4 pct interest.
+      The offer for the remaining shares is one Chase share for
+  every three Entregrowth shares and one Chase option for every
+  four Entregrowth options. Chase shares closed on Friday at 4.41
+  dlrs and the options at 2.38.
+      Entregrowth closed at 1.35 dlrs and options at 55 cents.
+      Chase said the offer for the remaining 27.6 pct of
+  Entregrowth, worth 34.2 mln dlrs, involved the issue of 5.80
+  mln Chase shares and 3.10 mln Chase options.
+      Chase chairman Colin Reynolds said the takeover would allow
+  Entregrowth to concentrate on North American operations with
+  access to Chase's international funding base and a stronger
+  executive team. He said there also would be benefits from
+  integrating New Zealand investment activities.
+      Chase said the offer is conditional it receiving accptances
+  for at least 90 pct of the shares and options.
+  
+
diff --git a/reuters/test/21573 b/reuters/test/21573
new file mode 100644
index 0000000000000000000000000000000000000000..180404909000739c5fef1c97de679397f7fbe7bd
--- /dev/null
+++ b/reuters/test/21573
@@ -0,0 +1,51 @@
+TOKYO DEALERS SEE DOLLAR POISED TO BREACH 140 YEN
+  Tokyo's foreign exchange market is watching
+  nervously to see if the U.S. Dollar will drop below the
+  significant 140.00 yen level, dealers said.
+      "The 140 yen level is key for the dollar because it is
+  considered to be the lower end of the reference range. If the
+  currency breaks through this level, it may decline sharply,"
+  said Hirozumi Tanaka, assistant general manager at Dai-ichi
+  Kangyo Bank Ltd's international treasury division.
+      The dollar was at 141.10 yen at midday against Friday
+  closes of 142.35/45 in New York and 141.35 here.
+      The dollar opened at 140.95 yen and fell to a low of
+  140.40. It was 1.7733/38 marks against 1.7975/85 in New York
+  and 1.8008/13 here on Friday, after an opening 1.7700/10.
+      The currency's decline was due to remarks on Sunday by U.S.
+  Treasury Secretary James Baker, dealers said.
+      "The dollar fell over the weekend on increased bearish
+  sentiment after Baker's comments," said Dai-ichi's Tanaka. He
+  said this stemmed from mounting concern that cooperation among
+  the group of seven (G-7) industrial nations to implement the
+  Louvre accord to stabilise currencies might be fraying.
+      The dollar's fall was also prompted by a record one-day
+  drop in the Dow Jones industrial average on Friday and weakness
+  in U.S. Bond prices, dealers said.
+      Baker said the Louvre accord was still operative but he
+  strongly criticised West German moves to raise key interest
+  rates. Operators took Baker's comment to indicate impatience
+  with some G-7 members for failing to stick to the Louvre accord
+  due to their fears of increasing inflation.
+      Rises in interest rates aimed at dampening inflationary
+  pressures also slow domestic demand.
+      West Germany and Japan had both pledged at G-7 meetings to
+  boost domestic demand to help narrow the huge U.S. Trade
+  deficit, Tanaka said.
+      U.S. August trade data showed the U.S. Deficit at a still
+  massive 15.68 billion dlrs. But if West Germany raises interest
+  rates, this would run counter to the pledge, he said.
+      "Operators are now waiting to see if the G-7 nations
+  coordinate dollar buying intervention," said Soichi Hirabayashi,
+  deputy general manager of Fuju Bank Ltd's foreign exchange
+  department.
+      The target range set by the Louvre accord is generally
+  considered to be 140.00 to 160.00 yen, dealers said.
+      "The market is likely to try the 140 yen level in the near
+  future and at that time, if operators see the G-7 nations
+  failing to coordinate intervention, they would see the Louvre
+  accord as abandoned and push the dollar down aggressively,"
+  Hirabayashi said. He said the U.S. Currency could fall as low
+  as 135 yen soon.
+  
+
diff --git a/reuters/test/21574 b/reuters/test/21574
new file mode 100644
index 0000000000000000000000000000000000000000..5c5fda08c11e8615660481c4c1afc8665e01a3e9
--- /dev/null
+++ b/reuters/test/21574
@@ -0,0 +1,11 @@
+JAPAN/INDIA CONFERENCE CUTS GULF WAR RISK CHARGES
+  The Japan/India-Pakistan-Gulf/Japan
+  shipping conference said it would cut the extra risk insurance
+  surcharges on shipments to Iranian and Iraqi ports to a minimum
+  three pct from 4.5 pct on October 25.
+      It said surcharges on shipments of all break-bulk cargoes
+  to non-Iraqi Arab ports would be reduced to 3.0 pct from 4.5.
+      A conference spokesman declined to say why the move was
+  taken at a time of heightened tension in the Gulf.
+  
+
diff --git a/reuters/test/21575 b/reuters/test/21575
new file mode 100644
index 0000000000000000000000000000000000000000..7849c5d8a495a7abff342cf39f6edf50cd361362
--- /dev/null
+++ b/reuters/test/21575
@@ -0,0 +1,42 @@
+SOVIET INDUSTRIAL GROWTH/TRADE SLOWER IN 1987
+  The Soviet Union's industrial output is
+  growing at a slower pace in 1987 than in 1986 and foreign trade
+  has fallen, Central Statistical Office figures show.
+      Figures in the Communist Party newspaper Pravda show
+  industrial production rose 3.6 pct in the first nine months of
+  1987 against 5.2 pct in the same 1986 period.
+      Foreign trade in the same period fell 3.6 pct from the 1986
+  period as exports fell by 0.5 pct and imports dropped by 4.2
+  pct.
+      Foreign trade in the nine months totalled 94.2 billion
+  roubles. Separate import and export figures were not given.
+      One factor affecting industrial growth was the introduction
+  of a new quality control plan, Western economists said. Last
+  year's calculations of industrial output included all goods,
+  irrespective of quality.
+      Under the new plan, introduced in line with Soviet leader
+  Mikhail Gorbachev's drive to modernise the economy, special
+  inspectors have the right to reject goods they consider below
+  standard.
+      Pravda said 42 mln roubles worth of defective goods were
+  rejected in the nine-month period.
+      The figures also showed that on October 1, there were more
+  than 8,000 cooperative enterprises employing over 80,000
+  people. More than 200,000 were employed in the private sector,
+  Pravda said, without giving comparative figures.
+      The promotion of the cooperative and private sectors of the
+  economy has been an important part of the modernisation
+  campaign, with measures introduced recently to allow the
+  setting up of small shops on a private basis.
+      Labour productivity rose 3.7 pct in the first nine months
+  against 4.8 pct growth in January to September 1986.
+      But western economists said they treat Soviet productivity
+  figures with caution, as they are more broadly based than in
+  the West, which measures worker output over a given period.
+      Pravda said there were 283.8 mln people in the Soviet Union
+  as of October 1. In the January to September 1987 period 118.5
+  mln people were employed, a rise of 4.4 pct on the same period
+  last year. Average earnings were 200 roubles a month against
+  194 roubles a year ago.
+  
+
diff --git a/reuters/test/21576 b/reuters/test/21576
new file mode 100644
index 0000000000000000000000000000000000000000..227546b88c09ecc830e89c533bd9240b4be97513
--- /dev/null
+++ b/reuters/test/21576
@@ -0,0 +1,12 @@
+SIX KILLED IN SOUTH AFRICAN GOLD MINE ACCIDENT
+  Six black miners have been killed
+  and two injured in a rock fall three km underground at a South
+  African gold mine, the owners said on Sunday.
+      <Rand Mines Properties Ltd>, one of South Africa's big six
+  mining companies, said in a statement that the accident
+  occurred on Saturday morning at the <East Rand Proprietary
+  Mines Ltd> mine at Boksburg, 25 km east of Johannesburg.
+      A company spokesman could not elaborate on the short
+  statement.
+  
+
diff --git a/reuters/training/1 b/reuters/training/1
new file mode 100644
index 0000000000000000000000000000000000000000..8f0eca5bad27bb11a2779baf1a1aac4c11ad0188
--- /dev/null
+++ b/reuters/training/1
@@ -0,0 +1,58 @@
+BAHIA COCOA REVIEW
+  Showers continued throughout the week in
+  the Bahia cocoa zone, alleviating the drought since early
+  January and improving prospects for the coming temporao,
+  although normal humidity levels have not been restored,
+  Comissaria Smith said in its weekly review.
+      The dry period means the temporao will be late this year.
+      Arrivals for the week ended February 22 were 155,221 bags
+  of 60 kilos making a cumulative total for the season of 5.93
+  mln against 5.81 at the same stage last year. Again it seems
+  that cocoa delivered earlier on consignment was included in the
+  arrivals figures.
+      Comissaria Smith said there is still some doubt as to how
+  much old crop cocoa is still available as harvesting has
+  practically come to an end. With total Bahia crop estimates
+  around 6.4 mln bags and sales standing at almost 6.2 mln there
+  are a few hundred thousand bags still in the hands of farmers,
+  middlemen, exporters and processors.
+      There are doubts as to how much of this cocoa would be fit
+  for export as shippers are now experiencing dificulties in
+  obtaining +Bahia superior+ certificates.
+      In view of the lower quality over recent weeks farmers have
+  sold a good part of their cocoa held on consignment.
+      Comissaria Smith said spot bean prices rose to 340 to 350
+  cruzados per arroba of 15 kilos.
+      Bean shippers were reluctant to offer nearby shipment and
+  only limited sales were booked for March shipment at 1,750 to
+  1,780 dlrs per tonne to ports to be named.
+      New crop sales were also light and all to open ports with
+  June/July going at 1,850 and 1,880 dlrs and at 35 and 45 dlrs
+  under New York july, Aug/Sept at 1,870, 1,875 and 1,880 dlrs
+  per tonne FOB.
+      Routine sales of butter were made. March/April sold at
+  4,340, 4,345 and 4,350 dlrs.
+      April/May butter went at 2.27 times New York May, June/July
+  at 4,400 and 4,415 dlrs, Aug/Sept at 4,351 to 4,450 dlrs and at
+  2.27 and 2.28 times New York Sept and Oct/Dec at 4,480 dlrs and
+  2.27 times New York Dec, Comissaria Smith said.
+      Destinations were the U.S., Covertible currency areas,
+  Uruguay and open ports.
+      Cake sales were registered at 785 to 995 dlrs for
+  March/April, 785 dlrs for May, 753 dlrs for Aug and 0.39 times
+  New York Dec for Oct/Dec.
+      Buyers were the U.S., Argentina, Uruguay and convertible
+  currency areas.
+      Liquor sales were limited with March/April selling at 2,325
+  and 2,380 dlrs, June/July at 2,375 dlrs and at 1.25 times New
+  York July, Aug/Sept at 2,400 dlrs and at 1.25 times New York
+  Sept and Oct/Dec at 1.25 times New York Dec, Comissaria Smith
+  said.
+      Total Bahia sales are currently estimated at 6.13 mln bags
+  against the 1986/87 crop and 1.06 mln bags against the 1987/88
+  crop.
+      Final figures for the period to February 28 are expected to
+  be published by the Brazilian Cocoa Trade Commission after
+  carnival which ends midday on February 27.
+  
+
diff --git a/reuters/training/10 b/reuters/training/10
new file mode 100644
index 0000000000000000000000000000000000000000..985b2d45606ce1abfa5622f01d0f3ded76c7d031
--- /dev/null
+++ b/reuters/training/10
@@ -0,0 +1,27 @@
+COMPUTER TERMINAL SYSTEMS <CPML> COMPLETES SALE
+  Computer Terminal Systems Inc said
+  it has completed the sale of 200,000 shares of its common
+  stock, and warrants to acquire an additional one mln shares, to
+  <Sedio N.V.> of Lugano, Switzerland for 50,000 dlrs.
+      The company said the warrants are exercisable for five
+  years at a purchase price of .125 dlrs per share.
+      Computer Terminal said Sedio also has the right to buy
+  additional shares and increase its total holdings up to 40 pct
+  of the Computer Terminal's outstanding common stock under
+  certain circumstances involving change of control at the
+  company.
+      The company said if the conditions occur the warrants would
+  be exercisable at a price equal to 75 pct of its common stock's
+  market price at the time, not to exceed 1.50 dlrs per share.
+      Computer Terminal also said it sold the technolgy rights to
+  its Dot Matrix impact technology, including any future
+  improvements, to <Woodco Inc> of Houston, Tex. for 200,000
+  dlrs. But, it said it would continue to be the exclusive
+  worldwide licensee of the technology for Woodco.
+      The company said the moves were part of its reorganization
+  plan and would help pay current operation costs and ensure
+  product delivery.
+      Computer Terminal makes computer generated labels, forms,
+  tags and ticket printers and terminals.
+  
+
diff --git a/reuters/training/100 b/reuters/training/100
new file mode 100644
index 0000000000000000000000000000000000000000..51c9410556e157f2ffd3d04b6337436a2af084a3
--- /dev/null
+++ b/reuters/training/100
@@ -0,0 +1,12 @@
+N.Z. TRADING BANK DEPOSIT GROWTH RISES SLIGHTLY
+  New Zealand's trading bank seasonally
+  adjusted deposit growth rose 2.6 pct in January compared with a
+  rise of 9.4 pct in December, the Reserve Bank said.
+      Year-on-year total deposits rose 30.6 pct compared with a
+  26.3 pct increase in the December year and 34.5 pct rise a year
+  ago period, it said in its weekly statistical release.
+      Total deposits rose to 17.18 billion N.Z. Dlrs in January
+  compared with 16.74 billion in December and 13.16 billion in
+  January 1986.
+  
+
diff --git a/reuters/training/1000 b/reuters/training/1000
new file mode 100644
index 0000000000000000000000000000000000000000..8fab13c998c734965514ac95687467d7f480cc3e
--- /dev/null
+++ b/reuters/training/1000
@@ -0,0 +1,17 @@
+NATIONAL AMUSEMENTS AGAIN UPS VIACOM <VIA> BID
+  Viacom International Inc said <National
+  Amusements Inc> has again raised the value of its offer for
+  Viacom's publicly held stock.
+      The company said the special committee of its board plans
+  to meet later today to consider this offer and the one
+  submitted March one by <MCV Holdings Inc>.
+      A spokeswoman was unable to say if the committee met as
+  planned yesterday.
+      Viacom said National Amusements' Arsenal Holdings Inc
+  subsidiary has raised the amount of cash it is offering for
+  each Viacom share by 75 cts to 42.75 dlrs while the value of
+  the fraction of a share of exchangeable Arsenal Holdings
+  preferred to be included was raised 25 cts to 7.75 dlrs.
+      National Amusements already owns 19.6 pct of Viacom's stock.
+  
+
diff --git a/reuters/training/10000 b/reuters/training/10000
new file mode 100644
index 0000000000000000000000000000000000000000..e967fa7d8ce2952fb6b240b2d46cc3020364e8a3
--- /dev/null
+++ b/reuters/training/10000
@@ -0,0 +1,13 @@
+ROGERS <ROG> SEES 1ST QTR NET UP SIGNIFICANTLY
+  Rogers Corp said first quarter
+  earnings will be up significantly from earnings of 114,000 dlrs
+  or four cts share for the same quarter last year.
+      The company said it expects revenues for the first quarter
+  to be "somewhat higher" than revenues of 32.9 mln dlrs posted
+  for the year-ago quarter.
+      Rogers said it reached an agreement for the sale of its
+  molded switch circuit product line to a major supplier.
+      The sale, terms of which were not disclosed, will be
+  completed early in the second quarter, Rogers said.
+  
+
diff --git a/reuters/training/10002 b/reuters/training/10002
new file mode 100644
index 0000000000000000000000000000000000000000..f51060173a032147dd4912948ac07dfe7f58afcb
--- /dev/null
+++ b/reuters/training/10002
@@ -0,0 +1,7 @@
+ISLAND TELEPHONE SHARE SPLIT APPROVED
+  <Island
+  Telephone Co Ltd> said the previously announced two-for-one
+  common share split was approved by shareholders at the annual
+  meeting.
+  
+
diff --git a/reuters/training/10005 b/reuters/training/10005
new file mode 100644
index 0000000000000000000000000000000000000000..b8710a864058aeaf247c60d87a0e601e96f9647c
--- /dev/null
+++ b/reuters/training/10005
@@ -0,0 +1,25 @@
+U.K. GROWING IMPATIENT WITH JAPAN - THATCHER
+  Prime Minister Margaret Thatcher said
+  the U.K. Was growing more impatient with Japanese trade
+  barriers and warned that it would soon have new powers against
+  countries not offering reciprocal access to their markets.
+      She told Parliament that the bid by the U.K.'s Cable and
+  Wireless Plc <CAWL.L> to enter the Japanese telecommunications
+  market was being regarded by her government as a test case.
+      "I wrote to the prime minister of Japan, Mr Nakasone, on the
+  fourth of March to express our interest on the Cable and
+  Wireless bid. I have not yet had a reply. We see this as a test
+  on how open the Japanese market really is," Thatcher said.
+      Thatcher told Parliament that "shortly ... We shall have
+  more powers than we have now, when, for example the powers
+  under the Financial Services Act and the Banking Act become
+  available, then we shall be able to take action in cases where
+  other countries do not offer the same full access to financial
+  services as we do."
+      Cable and Wireless is seeking a stake in the proposed
+  Japanese telecommunications rival to Kokusai Denshin Denwa.
+      But the Japanese minister for post and telecommunications
+  was reported as saying that he opposed Cable and Wireless
+  having a managerial role in the new company.
+  
+
diff --git a/reuters/training/10008 b/reuters/training/10008
new file mode 100644
index 0000000000000000000000000000000000000000..873efc6899e40b61747e9a909442d4855a87196d
--- /dev/null
+++ b/reuters/training/10008
@@ -0,0 +1,12 @@
+QUESTECH INC <QTEC> YEAR NET
+  Shr loss nil vs profit 19 cts
+      Net loss 3,175 vs profit 284,945
+      Revs 13.6 mln vs 10.6 mln
+      Year
+      Shr profit 13 cts vs profit 56 cts
+      Net profit 195,202 vs profit 857,006
+      Revs 47.5 mln vs 42.9 mln
+      Note: Current year net includes charge against discontinued
+  operations of 1,060,848 dlrs.
+  
+
diff --git a/reuters/training/10011 b/reuters/training/10011
new file mode 100644
index 0000000000000000000000000000000000000000..994aef6879cfd4af1a14e476a20d6163c9a2851d
--- /dev/null
+++ b/reuters/training/10011
@@ -0,0 +1,19 @@
+CANADA OIL EXPORTS RISE 20 PCT IN 1986
+  Canadian oil exports rose 20 pct in 1986
+  over the previous year to 33.96 mln cubic meters, while oil
+  imports soared 25.2 pct to 20.58 mln cubic meters, Statistics
+  Canada said.
+      Production, meanwhile, was unchanged from the previous year
+  at 91.09 mln cubic feet.
+      Natural gas exports plunged 19.4 pct to 21.09 billion cubic
+  meters, while Canadian sales slipped 4.1 pct to 48.09 billion
+  cubic meters.
+      The federal agency said that in December oil production
+  fell 4.0 pct to 7.73 mln cubic meters, while exports rose 5.2
+  pct to 2.84 mln cubic meters and imports rose 12.3 pct to 2.1
+  mln cubic meters.
+      Natural gas exports fell 16.3 pct in the month 2.51 billion
+  cubic meters and Canadian sales eased 10.2 pct to 5.25 billion
+  cubic meters.
+  
+
diff --git a/reuters/training/10014 b/reuters/training/10014
new file mode 100644
index 0000000000000000000000000000000000000000..16a1103c6580c1ec93eca46e43fa3b79c2774f40
--- /dev/null
+++ b/reuters/training/10014
@@ -0,0 +1,16 @@
+COFFEE, SUGAR AND COCOA EXCHANGE NAMES CHAIRMAN
+  The New York Coffee, Sugar and Cocoa
+  Exchange (CSCE) elected former first vice chairman Gerald
+  Clancy to a two-year term as chairman of the board of managers,
+  replacing previous chairman Howard Katz.
+      Katz, chairman since 1985, will remain a board member.
+      Clancy currently serves on the Exchange board of managers
+  as chairman of its appeals, executive, pension and political
+  action committees.
+      The CSCE also elected Charles Nastro, executive vice
+  president of Shearson Lehman Bros, as first vice chairman.
+  Anthony Maccia, vice president of Woodhouse, Drake and Carey,
+  was named second vice chairman, and Clifford Evans, president
+  of Demico Futures, was elected treasurer.
+  
+
diff --git a/reuters/training/10015 b/reuters/training/10015
new file mode 100644
index 0000000000000000000000000000000000000000..c164cb6d5016b4b081b91a26f51e4c44b984bb0c
--- /dev/null
+++ b/reuters/training/10015
@@ -0,0 +1,15 @@
+MOST EC STATES SAID TO BE AGAINST OILS/FATS TAX
+  A majority of European Community (EC)
+  member states are either against or have strong reservations
+  over a tax on both imported and domestically-produced oils and
+  fats proposed by the European Commission, senior diplomats
+  said.
+      They said a special committee of agricultural experts from
+  EC member states had voiced strong objections over the measure
+  during a meeting charged with preparing the ground for the
+  annual EC farm price-fixing which begins next Monday.
+      They added that only France and Italy had indicated they
+  would support the Commission proposal which would lead to a tax
+  initially of 330 Ecus per tonne during the 1987/88 price round.
+  
+
diff --git a/reuters/training/10018 b/reuters/training/10018
new file mode 100644
index 0000000000000000000000000000000000000000..1693420096e30b7ca477ee53550f08c050e8df05
--- /dev/null
+++ b/reuters/training/10018
@@ -0,0 +1,11 @@
+GOULD<GLD> COMPLETES SALE OF FRENCH BATTERY UNIT
+  Gould Inc said it has
+  completed the sale of its French battery business, Compagnie
+  Francaise D'Electro Chimie, to a group of investors including
+  the unit's employees and <GNB Inc> of Minnesota.
+      Gould did not disclose terms of the deal.
+      Gould said the move is part of its previously announced
+  plan to divest assets unrelated to its computer and electronics
+  businesses.
+  
+
diff --git a/reuters/training/10023 b/reuters/training/10023
new file mode 100644
index 0000000000000000000000000000000000000000..336cc8432df28e2b3d7749923cfd8e5f99a8864c
--- /dev/null
+++ b/reuters/training/10023
@@ -0,0 +1,10 @@
+SHOE TOWN INC <SHU> YEAR ENDED JAN THREE 1987
+  Shr 51 cts vs 75 cts
+      Net 5,524,000 vs 8,094,000
+      Revs 142.4 mln vs 137.2 mln
+      NOTE: 1986 and 1985 year net includes loss 785,000 dlrs or
+  eight cts a share and 59,000 dlrs or one ct a share,
+  respectively, for discontinued operations.
+      1985 year ended December 28, 1985.
+  
+
diff --git a/reuters/training/10025 b/reuters/training/10025
new file mode 100644
index 0000000000000000000000000000000000000000..8b0ad48655bab7d5dce654f9a069b3d92f4c69a0
--- /dev/null
+++ b/reuters/training/10025
@@ -0,0 +1,13 @@
+FIRST WISCONSIN <FWB> TO BUY MINNESOTA BANK
+  First Wisconsin Corp said it
+  plans to acquire Shelard Bancshares Inc for about 25 mln dlrs
+  in cash, its first acquisition of a Minnesota-based bank.
+      First Wisconsin said Shelard is the holding company for two
+  banks with total assets of 168 mln dlrs.
+      First Wisconsin, which had assets at yearend of 7.1 billion
+  dlrs, said the Shelard purchase price is about 12 times the
+  1986 earnings of the bank.
+      It said the two Shelard banks have a total of five offices
+  in the Minneapolis-St. Paul area.
+  
+
diff --git a/reuters/training/10027 b/reuters/training/10027
new file mode 100644
index 0000000000000000000000000000000000000000..4b7fe35e066219ceca8ad61447824e8a2efdaa67
--- /dev/null
+++ b/reuters/training/10027
@@ -0,0 +1,13 @@
+AMERICAN NURSERY PRODUCTS <ANSY> 3RD QTR NET
+  Period ended Feb 28
+      Shr profit five cts vs profit four cts
+      Net profit 191,000 vs profit 108,000
+      Sales 6,561,000 vs 5,896,000
+      Nine mths
+      Shr loss 28 cts vs loss 40 cts
+      Net loss 871,000 vs loss 990,000
+      Sales 9,310,000 vs 8,894,000
+      Avg shrs 3,086,386 vs 2,465,996
+      NOTE: Full name is American Nursery Products Inc
+  
+
diff --git a/reuters/training/1003 b/reuters/training/1003
new file mode 100644
index 0000000000000000000000000000000000000000..fa2be35579389dfbf89b2993cf98ab409c5b7d04
--- /dev/null
+++ b/reuters/training/1003
@@ -0,0 +1,14 @@
+NATIONAL FSI INC <NFSI> 4TH QTR LOSS
+  Shr loss six cts vs profit 19 cts
+      Net loss 166,000 vs profit 580,000
+      Revs 3,772,000 vs 5,545,000
+      Year
+      Shr loss 13 cts vs profit 52 cts
+      Net loss 391,000 vs profit 1,425,000
+      Revs 15.4 mln vs 16.6 mln
+      NOTE: 1985 year figures pro forma for purchase accounting
+  adjustments resulting from March 1985 reeacquisition of company
+  by its original shareholders before August 1985 initial public
+  offering. 
+  
+
diff --git a/reuters/training/10032 b/reuters/training/10032
new file mode 100644
index 0000000000000000000000000000000000000000..5357c51908002fc547f26c729635278a91c0f8f7
--- /dev/null
+++ b/reuters/training/10032
@@ -0,0 +1,10 @@
+DISCUS CORP <DISC> 4TH QTR LOSS
+  Shr loss six cts vs loss seven cts
+      Net loss 125,000 vs loss 140,000
+      Rev 2.4 mln vs 2.2 mln
+      Year
+      Shr loss 13 cts vs loss 14 cts
+      Net loss 271,000 vs loss 211,000
+      Rev 10.1 mln vs 8.2 mln
+  
+
diff --git a/reuters/training/10035 b/reuters/training/10035
new file mode 100644
index 0000000000000000000000000000000000000000..51486a0c2316be328d6c1bf7ee031d0c24ef111a
--- /dev/null
+++ b/reuters/training/10035
@@ -0,0 +1,5 @@
+ENTERTAINMENT PUBLICATIONS SEES 31 CTS/SHR 3RD QTR LOSS ON UNITS DISPOSAL
+
+  ENTERTAINMENT PUBLICATIONS SEES 31 CTS/SHR 3RD QTR LOSS ON UNITS DISPOSAL
+  
+
diff --git a/reuters/training/10037 b/reuters/training/10037
new file mode 100644
index 0000000000000000000000000000000000000000..f77d5d10ea3f44b1a1fb0e6a255b1dbde6d9265b
--- /dev/null
+++ b/reuters/training/10037
@@ -0,0 +1,10 @@
+PAY 'N PAK STORES INC <PNP> 4TH QTR FEB 28 NET
+  Shr 11 cts vs 13 cts
+      Net 1,129,000 vs 1,301,000
+      Revs 83.2 mln vs 74.5 mln
+      Year
+      Shr 57 cts vs 82 cts
+      Net 5,686,000 vs 8,168,000
+      Revs 398.4 mln vs 333.8 mln
+  
+
diff --git a/reuters/training/10038 b/reuters/training/10038
new file mode 100644
index 0000000000000000000000000000000000000000..4883c03d37ec58739d8ba4aaec80ae13183c9e76
--- /dev/null
+++ b/reuters/training/10038
@@ -0,0 +1,15 @@
+(CORRECTED) - MOBIL <MOB> TO UPGRADE REFINERY UNIT
+  Mobil Corp said it will spend over 30
+  mln dlrs to upgrade a gasoline-producing unit at its Beaumont,
+  Texas, refinery.
+      It said the unit is a catalytic reformer, which converts
+  low-octane components of gasoline into high-octane components
+  for use in Super Unleaded gasoline.
+      The company said the modernization will allow the unit to
+  regenerate catalysts on a continuous basis without shutdown.
+  Currently, it must be shut twice a year.  The unit produces
+  46,000 barrels of gasoline components a day.  Construction will
+  start late this year, with completion set for mid-1989.
+      (Correcting unit's output to barrels/day from barrels/year)
+  
+
diff --git a/reuters/training/10040 b/reuters/training/10040
new file mode 100644
index 0000000000000000000000000000000000000000..274127586b582e71af7e803a8245d53811a91b5b
--- /dev/null
+++ b/reuters/training/10040
@@ -0,0 +1,14 @@
+AMERICAN NURSERY PRODUCTS <ANSY> 3RD QTR NET
+  Qtr ends Feb 28
+      Shr profit five cts vs profit four cts
+      Net profit 191,000 vs profit 108,000
+      Revs 6,561,000 vs 5,896,000
+      Avg shrs 3.6 mln vs 2.5 mln
+      Nine mths
+      Shr loss 28 cts vs loss 40 cts
+      Net loss 871,000 vs loss 990,000
+      Revs 9,310,000 vs 8,894,000
+      Avg shrs 3.1 mln vs 2.5 mln
+      NOTE: Full name American Nursery Products Inc.
+  
+
diff --git a/reuters/training/10041 b/reuters/training/10041
new file mode 100644
index 0000000000000000000000000000000000000000..8b34dde7b16b9f631a1f84d9d3ffff74cf87f7f6
--- /dev/null
+++ b/reuters/training/10041
@@ -0,0 +1,19 @@
+VOLVO 1986 RESULT OFF SLIGHTLY FROM 1985
+  AB Volvo <VOLV.ST> said the weakening
+  dollar caused the drop in its 1986 profits, but company chief
+  executive Pehr Gyllenhammar said 1986 was one of Volvo's best
+  years ever.
+      In its final report released earlier, the company said the
+  group's 1986 profits before allocations and taxes was 7.53
+  billion crowns  compared with 1985's 7.60 billion.
+      Despite the fall, Gyllenhammar said, "Sales of industrial
+  products have never been higher, and Volvo Cars and Volvo
+  Trucks were both completely sold out at year-end. Operating
+  income was slightly higher than a year earlier."
+      He said the company's financial strength gave it
+  exceptional opportunities to invest for the future.
+      Although industrial sales were up, the company's yearend
+  report said total sales were 84.09 billion crowns against
+  1985's 86.19 billion.
+  
+
diff --git a/reuters/training/10042 b/reuters/training/10042
new file mode 100644
index 0000000000000000000000000000000000000000..2015254504b689f6839336328094d20994fd5c0c
--- /dev/null
+++ b/reuters/training/10042
@@ -0,0 +1,7 @@
+<MERIDIAN ENERGY>, CASTONE END LETTER OF INTENT
+  <Meridian Energy Inc> and Castone
+  Development Corp, a privately-held company, jointly announced
+  that they have decided to terminate the letter of intent under
+  which Meridian would have acquired Castone.
+  
+
diff --git a/reuters/training/10043 b/reuters/training/10043
new file mode 100644
index 0000000000000000000000000000000000000000..95d07b77c71d832bb9658ed05a9441660ec127c1
--- /dev/null
+++ b/reuters/training/10043
@@ -0,0 +1,23 @@
+REPORT EXPECTS SHARP DROP IN WORLD IRON IMPORTS
+  World seaborne iron ore imports will
+  fall sharply by the year 2000 with declining imports to the EC
+  and Japan only partially offset by increased demand from South
+  East Asia, a report by Ocean Shipping Consultants said.
+      The report predicts annual world seaborne iron ore imports
+  of 267.7 mln tonnes by 2000 versus 312.4 mln tonnes in 1985.
+      It estimates that total bulk shipping demand from the iron
+  ore sector will fall by almost 10 pct, or 200 billion tonne
+  miles, with shipping demand associated with the coking trade
+  down about 17 pct or 130 billion tonne miles.
+      The report sees EC imports falling to 91.7 mln tonnes in
+  2000 from 123.6 mln in 1985 with Japanese imports falling to 89
+  mln from 124.6 mln tonnes. Imports to South East Asia are seen
+  rising to 58.6 mln from 32.6 mln tonnes in 1985.
+      It predicts that EC steel production will fall to 109 mln
+  tonnes in 2000 from 135.7 mln in 1985 with Japanese production
+  falling to 92 mln from 105.3 mln.
+      South Korea and Taiwan are expected to double their output
+  to 40 mln tonnes with Chinese production increasing by 25 mln
+  tonnes to 80 mln, it added.
+  
+
diff --git a/reuters/training/10046 b/reuters/training/10046
new file mode 100644
index 0000000000000000000000000000000000000000..152d1ab972cf1a88c31e0101e0dea3669e7ac981
--- /dev/null
+++ b/reuters/training/10046
@@ -0,0 +1,13 @@
+GOLDFIELD CORP <GV> 4TH QTR NET LOSS
+  Shr loss four cts vs loss five cts
+      Net loss 527,065 vs loss 1,204,080
+      Revs 622,470 vs 613,205
+      Year
+      Shr profit four cts vs loss 13 cts
+      Net profit 1,099,778 vs loss 3,282,478
+      Revs 7,579,547 vs 6,068,254
+      NOTE: 1985 excludes loss from discontinued operations of
+  four cts per share in the quarter and loss 10 cts in the year.
+  1986 year excludes extraordinary gain of two cts a share.
+  
+
diff --git a/reuters/training/10048 b/reuters/training/10048
new file mode 100644
index 0000000000000000000000000000000000000000..29f9774ca51c84d8a12d0ec3a81a6fe2fe5ddb8e
--- /dev/null
+++ b/reuters/training/10048
@@ -0,0 +1,14 @@
+BRITISH, FRENCH MINISTERS DISCUSS PUBLIC SPENDING
+  French Finance Minister Edouard Balladur
+  discussed the need to control public spending in talks here
+  today with British Chancellor of the Exchequer Nigel Lawson, a
+  Treasury spokesman said.
+      The spokesman said the ministers reviewed their economies,
+  and public spending, domestic and European Community-wide.
+      He declined to comment on whether the subject of concerted
+  action to shore up the dollar had arisen. The U.S. Currency
+  dipped sharply earlier this week after a month of relative
+  stability after an agreement by six major industrialised
+  nations in Paris on February 22 to stabilise their currencies.
+  
+
diff --git a/reuters/training/10049 b/reuters/training/10049
new file mode 100644
index 0000000000000000000000000000000000000000..749a9d6794369220086e14ed626892127f3693ea
--- /dev/null
+++ b/reuters/training/10049
@@ -0,0 +1,41 @@
+FED'S HELLER URGES BROAD REFORM TO AID BANKING
+  Federal Reserve Board Governor
+  Robert Heller said the banking system could be strengthened by
+  permitting formation of financial services holding companies
+  involved in areas like banking, insurance, real estate and
+  securities.
+      In a speech prepared for delivery in New York to the Bank
+  and Financial Analysts' Association, Heller said, "I believe
+  that increased diversification along geographic and product
+  lines is the key to strengthening the American banking system."
+      He said he supported the idea of financial services holding
+  companies advocated by the Association of Bank Holding
+  Companies in which regulation of various bank, thrift,
+  insurance, investment, securities and real estate subsidiaries
+  would be handled on functional lines.
+      "Limits would be placed on the extension of credit by the
+  bank to the associated institutions, and all transactions would
+  have to be on an arms-length basis," Heller said.
+      Measures would be necessary to avoid abuse of the banks'
+  special position by such holding companies or subsidiaries.
+      Heller said he "would require the holding company to serve
+  as a 'source of strength' to the bank by making a commitment to
+  maintain the bank's capital.
+      "In other words, the bank would not be allowed to fail as
+  long as the holding company has a positive net worth."
+      Heller also said commercial enterprises should be permitted
+  to own a financial services holding company, again with the
+  provision that capital would flow to the financial enterprise
+  if necessary.
+      Heller said the effects of these actions "would be banks
+  that are at least as strong as the corporations holding them" in
+  which customer deposits were assured while any incentive to
+  "loot the bank" was removed.
+      Such diversification would give access to national and
+  international financial services to corporations across the
+  United States.
+      Heller said that would mean "the steady decline of America's
+  banks in the world financial league tables would be arrested" by
+  permitting them to become more competitive.
+  
+
diff --git a/reuters/training/10050 b/reuters/training/10050
new file mode 100644
index 0000000000000000000000000000000000000000..c99cce96085dc83cfff413ae4be30d08642249a3
--- /dev/null
+++ b/reuters/training/10050
@@ -0,0 +1,5 @@
+FEDERATED DEPARTMENT STORES INC UPS QTLY DIV BY 10.5 PCT, SETS 2-FOR-1 STOCK SPLIT
+
+  FEDERATED DEPARTMENT STORES INC UPS QTLY DIV BY 10.5 PCT, SETS 2-FOR-1 STOCK SPLIT
+  
+
diff --git a/reuters/training/10052 b/reuters/training/10052
new file mode 100644
index 0000000000000000000000000000000000000000..02340effa9c123c25a3993f0c2d805641845a61c
--- /dev/null
+++ b/reuters/training/10052
@@ -0,0 +1,9 @@
+GOULD <GLD> SELLS FRENCH BATTERY UNIT
+  Gould Inc said it sold its
+  French Battery unit, Cie Francaise d'Electro Chimie, to a group
+  of investors including the unit's employees and <GNB Inc> of
+  Minnesota.
+      Terms of the sale were not disclosed. The unit had 1986
+  sales of 65 mln dlrs.
+  
+
diff --git a/reuters/training/10053 b/reuters/training/10053
new file mode 100644
index 0000000000000000000000000000000000000000..bb939c6aa65b848a4ce1793da45a5ec7b6ef57e8
--- /dev/null
+++ b/reuters/training/10053
@@ -0,0 +1,7 @@
+ADVANCED GENETIC SCIENCES <AGSI> YEAR LOSS
+  Shr loss 30 cts vs loss 73 cts
+      Net loss 3,895,267 vs loss 8,250,222
+      Revs 3,237,235 vs 234,745
+      Note: 4th qtr data not available
+  
+
diff --git a/reuters/training/10054 b/reuters/training/10054
new file mode 100644
index 0000000000000000000000000000000000000000..77afb1f1a00152c9ab8af5e5391e656b4eca234d
--- /dev/null
+++ b/reuters/training/10054
@@ -0,0 +1,15 @@
+FEDERATED DEPARTMENT <FDS> RAISES QTLY DIVIDEND
+  Federated Department Stores Inc said
+  it raised its quarterly common stock dividend to 74 cts a
+  share, from 67 cts, an increase of 10.5 pct.
+      The company said it also approved a two-for-one stock split
+  in the form of a 100 pct stock dividend.
+      At the same time, Federated said it will ask shareholders
+  to approve an increase in the number of authorized shares to
+  400 mln, from 200 mln.
+      Federated said the dividend is payable on a pre-split basis
+  on April 24 to shareholders of record April 10.
+      New shares from the stock split will be distributed May 11,
+  it said.
+  
+
diff --git a/reuters/training/10057 b/reuters/training/10057
new file mode 100644
index 0000000000000000000000000000000000000000..35bfbbcc14c7c80a131e507eb5918c2b306c5361
--- /dev/null
+++ b/reuters/training/10057
@@ -0,0 +1,11 @@
+DANZAR INVESTMENT <DNZR> SETS SPECIAL DIVIDEND
+  Danzar Investment Group Inc said it 
+  received 60 mln shares of <Commonwealth Capital Ltd> in
+  settlement of a debt and that it will distribute the shares to
+  its stockholders as a dividend.
+      Danzar said the dividend will also include 18,750,000
+  Commonwealth shares it already holds.
+      The dividend of 39.9 shares per Danzar share held will be
+  paid to shareholders of record April 15, the company said.
+  
+
diff --git a/reuters/training/10058 b/reuters/training/10058
new file mode 100644
index 0000000000000000000000000000000000000000..339660de058854dd5fc5d27223f7c97a5b764fb6
--- /dev/null
+++ b/reuters/training/10058
@@ -0,0 +1,9 @@
+FIDELITY <FNF> UNIT ACQUIRES CALIFORNIA CONCERN
+  Fidelity National Financial
+  Inc said its Fidelity National Title Insurance Co subsidiary
+  acquired the operations of Safeco Title Insurance Co in the
+  northern California counties of Alameda, Contra Costa and San
+  Mateo.
+      Terms of the acquisition were not disclosed.
+  
+
diff --git a/reuters/training/10061 b/reuters/training/10061
new file mode 100644
index 0000000000000000000000000000000000000000..b222350979d489b7e8f24ed7289de1278b0c0d00
--- /dev/null
+++ b/reuters/training/10061
@@ -0,0 +1,6 @@
+HOME SAVINGS BANK <HMSB> SETS INITIAL DIVIDEND
+  Qtly div nine cts
+      Pay April 30
+      Record April six
+  
+
diff --git a/reuters/training/10062 b/reuters/training/10062
new file mode 100644
index 0000000000000000000000000000000000000000..7c89f62fbe5fd8ad6582bc07ece94ffb25e864f0
--- /dev/null
+++ b/reuters/training/10062
@@ -0,0 +1,13 @@
+FINAL 1986 CROP U.S. COTTON GINNINGS
+  Final 1986 crop U.S. cotton ginnings
+  totaled 9,438,425 running bales, vs 12,987,834 bales at the end
+  of the 1985 season and 12,544,866 bales at end-1984 season, the
+  U.S. Census Bureau said.
+      The bureau said upland cotton ginnings from the final 1986
+  crop totaled 9,237,296 bales, vs 12,837,088 bales in 1985 and
+  12,418,749 bales in 1984.
+      American Pima ginnings from the final 1986 crop totaled
+  201,129 bales, vs 150,746 bales in the 1985 crop and 126,117
+  bales in 1984, the bureau said.
+  
+
diff --git a/reuters/training/10064 b/reuters/training/10064
new file mode 100644
index 0000000000000000000000000000000000000000..0a0b3efd208bdacb8b583c844e17e3f8c8f93bde
--- /dev/null
+++ b/reuters/training/10064
@@ -0,0 +1,5 @@
+AMERICAN BRANDS SEES RECORD FIRST QUARTER RESULTS
+
+  AMERICAN BRANDS SEES RECORD FIRST QUARTER RESULTS
+  
+
diff --git a/reuters/training/10065 b/reuters/training/10065
new file mode 100644
index 0000000000000000000000000000000000000000..b84f1665123308c611101e9f6c024c11b7a39a8b
--- /dev/null
+++ b/reuters/training/10065
@@ -0,0 +1,5 @@
+BP MANAGING DIRECTOR SAYS COMPANY DOES NOT PLAN TO HIKE 70 DLRS STANDARD OFFER     
+
+  BP MANAGING DIRECTOR SAYS COMPANY DOES NOT PLAN TO HIKE 70 DLRS STANDARD OFFER     
+  
+
diff --git a/reuters/training/10066 b/reuters/training/10066
new file mode 100644
index 0000000000000000000000000000000000000000..c59201fea372b452262610dfa1754544e492a3f7
--- /dev/null
+++ b/reuters/training/10066
@@ -0,0 +1,14 @@
+SECURITY <SPC>, USERS, END MERGER TALKS
+  Security Pacific Corp and
+  <Users Inc>, a credit union data processing concern, said they
+  have mutually agreed to withdraw from further merger
+  negotiations.
+      Users said that since it signed a letter of intent to merge
+  with Security in November, it has received a strong show of
+  support for continuing the credit union ownership of the
+  company with credit unions committing themselves to purchase
+  additional Users common.
+      Users also said it is in the strongest financial position
+  in its 24-year history.
+  
+
diff --git a/reuters/training/10067 b/reuters/training/10067
new file mode 100644
index 0000000000000000000000000000000000000000..82a91a48e1d513de55a87c46ad656e124f7f59bc
--- /dev/null
+++ b/reuters/training/10067
@@ -0,0 +1,14 @@
+ENTERTAINMENT PUBLICATIONS <EPUB> SEES LOSS
+  Entertainment Publications
+  Inc said it expects an after-tax loss of 31 cts a share in its
+  third quarter from the disposal of three units it closed.
+      The company said its board approved a plan to discontinue
+  the operations of three subsidiaries, which are primarily
+  involved in direct mail marketing.
+      "The discontinued units were not likely to meet the growth
+  and profit goals of the company in the future," Entertainment
+  Publications said.
+      The three units lost 900,000 dlrs, or 19 cts a share in the
+  six months ended December 31.
+  
+
diff --git a/reuters/training/10068 b/reuters/training/10068
new file mode 100644
index 0000000000000000000000000000000000000000..0ed29a40c03a400ef4a6a861e9993b9b42c1b16e
--- /dev/null
+++ b/reuters/training/10068
@@ -0,0 +1,9 @@
+CHRIS-CRAFT INDUSTRIES INC <CCN> REGULAR PAYOUT
+  Chris-Craft Industies Inc said it
+  declared a regular two pct stock dividend on both its common
+  stock and class B common stock, which is equal the two pct
+  stock dividends the company paid for the prior quarter.
+      The dividends are payable on April 20 to shareholders of
+  record April six.
+  
+
diff --git a/reuters/training/1007 b/reuters/training/1007
new file mode 100644
index 0000000000000000000000000000000000000000..8b0ac33aefd93c5abdd6e550bda50524ad0ca62f
--- /dev/null
+++ b/reuters/training/1007
@@ -0,0 +1,9 @@
+<PRECAMBRIAN SHIELD RESOURCES LTD> YEAR LOSS
+  Shr loss 1.93 dlrs vs profit 16 cts
+      Net loss 53,412,000 vs profit 4,479,000
+      Revs 24.8 mln vs 32.7 mln
+      Note: 1986 shr and net include 51,187,000 dlr writedown on
+  U.S. operations, uneconomic coal operations and other mineral
+  properties
+  
+
diff --git a/reuters/training/10071 b/reuters/training/10071
new file mode 100644
index 0000000000000000000000000000000000000000..de27b4f2a286fbba3f7abc7f5162d2ab4417ad52
--- /dev/null
+++ b/reuters/training/10071
@@ -0,0 +1,16 @@
+DENNISON MANUFACTURING <DSN> TO SELL PAPER UNIT
+  Dennison Manufacturing Co
+  said it has signed a letter of intent to sell its Dunn Paper Co
+  subsidiary to James River Corp <JR> for an undisclosed amount
+  of cash, resulting in a first quarter charge against earnings.
+      The company saiud the loss on the sale may be partly
+  reduced by contingent payments over the next five years and
+  will in the first quarter be more than offset by the gain from
+  the previously-announced sale of its Hygeia Sciences Inc
+  shares.
+      Dunn had sales last year of about 65 mln dlrs.
+      In Richmond, Va., James River said closing is expected by
+  the end of April, subject to approval by both boards and on the
+  reaching of satisfactory labor agreements.
+  
+
diff --git a/reuters/training/10073 b/reuters/training/10073
new file mode 100644
index 0000000000000000000000000000000000000000..5c6747a49b46f33cb131719afd4830a404f64ab1
--- /dev/null
+++ b/reuters/training/10073
@@ -0,0 +1,23 @@
+PILLSBURY <PSY> FILES FOR SECOND BURGER KING MLP
+  The Pillsbury Co said it
+  filed a registration statement with the Securities and Exchange
+  Commission for the sale of limited partnership interests in a
+  second master limited partnership of its Burger King unit's
+  restaurant properties.
+      Pillsbury said it expects the offering to yield 73-82 mln
+  dlrs, resulting in an after-tax gain of 20-23 mln dlrs.
+      A spokesman for Pillsbury said the company is aiming to get
+  this after-tax gain in the fourth fiscal quarter ending in May.
+      Pillsbury said the sale will occur as soon as practicable,
+  considering the business and legal contigencies.
+      The company said Burger King and another Pillsbury unit,
+  QSV Properties, will be the master limited partnership's
+  general partner.
+      Pillsbury said it expects the interests to be sold to
+  public investors and listed for trading on the New York Stock
+  Exchange.
+      Merrill Lynch will lead the underwriting, Pillsbury said.
+      Pillsbury first sold limited partnership interests in
+  Burger King Investors L.P. in February 1986.
+  
+
diff --git a/reuters/training/10074 b/reuters/training/10074
new file mode 100644
index 0000000000000000000000000000000000000000..afc6f6633cacbabb5dff18afdfeb5b082005219e
--- /dev/null
+++ b/reuters/training/10074
@@ -0,0 +1,6 @@
+OLD REPUBLIC INT'L CORP <OLDR> HIKES DIVIDEND
+  Qtly div 20 cts vs 19-1/2 cts prior
+      Pay June 20
+      Record June 5
+  
+
diff --git a/reuters/training/10075 b/reuters/training/10075
new file mode 100644
index 0000000000000000000000000000000000000000..2a676bf809987a62f13322c82ef9f0f4d6925add
--- /dev/null
+++ b/reuters/training/10075
@@ -0,0 +1,5 @@
+FED'S HELLER SAYS DOLLAR'S CURRENT LEVEL IS APPROPRIATE
+
+  FED'S HELLER SAYS DOLLAR'S CURRENT LEVEL IS APPROPRIATE
+  
+
diff --git a/reuters/training/10076 b/reuters/training/10076
new file mode 100644
index 0000000000000000000000000000000000000000..338d22d151a810e353d865aa1a43d9e3341bac6a
--- /dev/null
+++ b/reuters/training/10076
@@ -0,0 +1,6 @@
+CARSON PIRIE SCOTT AND CO <CRN> SETS DIVIDEND
+  Qtly div 17-1/2 cts vs 17-1/2 cts prior
+      Pay June 5
+      Record May 22
+  
+
diff --git a/reuters/training/10078 b/reuters/training/10078
new file mode 100644
index 0000000000000000000000000000000000000000..142dc4208bfdfe867deac823432b11064d2755c5
--- /dev/null
+++ b/reuters/training/10078
@@ -0,0 +1,56 @@
+BP <BP> DOES NOT PLAN TO HIKE STANDARD <SRD> BID
+  British Petroleum Co Plc does not
+  intend to raise the price of its planned 70 dlr per share offer
+  for the publicly held 45 pct of Standard Oil Co, BP Managing
+  Director David Simon said.
+      "We don't seen this as any progressive bidding game," he
+  told reporters at a news conference. BP now owns 55 pct of
+  Standard's stock.
+      Simon said BP had carefully considered the amount of its
+  planned bid and he quoted an oil analyst, whom he would not
+  identify, as saying BP's careful evaluation means the company
+  is not going to raise its offer.
+      "I think that (an increase) would be totally wrong. I think
+  the price is very fair and it is much to early to speculate
+  about ligigation," he said. "Let's wait and see how the offer
+  runs."
+      Another official declined to speculate under what
+  circumstances BP might raise its bid.
+      The BP official said the 70 dlrs a share offer is 7.2 times
+  Standard's 1986 cash flow and 56 pct above an independent
+  evaluation of the company's assets, including the value of its
+  oil, natural gas liquids and natural gas reserves.
+      He said the price Royal Dutch/Shell Group <RD> <SC> paid
+  for publicly held Shell Oil Co shares in 1985 was 5.1 times
+  cash flow.
+      The BP official also said the 70 dlr bid is a 40 pct
+  premium over Standard's stock price over the past year.
+      BP Group Treasurer Rodney Chase said more than half to as
+  much as two-third's of the 7.4 billion dlrs BP needs for its
+  offer will come from existing sources. The rest will be
+  financed by new debt.
+      BP will draw in cash from its operating companies around
+  the world and is also arranging a five billion dlr line of
+  credit, he explained.
+      The company's debt to equity ratio will rise 11 or 12
+  percentage points from the current 33 pct if the offer is
+  completed, Chase said. But the ratio will be back below 40 pct
+  within 12 months, he added.
+      Chase also said 50 to 60 pct of Standard Oil's publicly
+  held shares are held by financial institutions.
+      Simon said Standard's board was informed of the offer on
+  March nine and has been considering it since that time.
+      He said BP does not expect any regulatory problems that
+  would delay completion of the acquisition. "We have informed
+  Washington of our intentions and we've already been an integral
+  part of ownership of U.S. oil reserves," he pointed out.
+      Simon said there is a good chance that current world oil
+  prices of about 18 dlrs a barrel could be maintained, and that
+  the more stable market is due mostly to changes in policy in
+  Saudi Arabia and other OPEC members to control oil production.
+      "We think there are signals that current conditions are
+  more favorable than they have been for sometime," Simon said.
+      "We have hopes for greater stability, but we do not see
+  prices going much higher," he added.
+  
+
diff --git a/reuters/training/10079 b/reuters/training/10079
new file mode 100644
index 0000000000000000000000000000000000000000..e39cdbc2186c514440b23652cc69b21c68f3c96f
--- /dev/null
+++ b/reuters/training/10079
@@ -0,0 +1,5 @@
+MONEY MARKET MUTUAL FUNDS FALL 1.19 BILLION DLRS IN LATEST WEEK, ICI SAYS
+
+  MONEY MARKET MUTUAL FUNDS FALL 1.19 BILLION DLRS IN LATEST WEEK, ICI SAYS
+  
+
diff --git a/reuters/training/1008 b/reuters/training/1008
new file mode 100644
index 0000000000000000000000000000000000000000..d1bbc9b43c5e2fcfc026acb14410ab0851a3704b
--- /dev/null
+++ b/reuters/training/1008
@@ -0,0 +1,13 @@
+U.K. MONEY MARKET GIVEN FURTHER 437 MLN STG HELP
+  The Bank of England said it had provided the
+  money market with a further 437 mln stg assistance in the
+  afternoon session. This brings the Bank's total help so far
+  today to 461 mln stg and compares with its revised shortage
+  forecast of 450 mln stg.
+      The central bank made purchases of bank bills outright
+  comprising 120 mln stg in band one at 10-7/8 pct and 315 mln
+  stg in band two at 10-13/16 pct.
+      In addition, it also bought two mln stg of treasury bills
+  in band two at 10-13/16 pct.
+  
+
diff --git a/reuters/training/10080 b/reuters/training/10080
new file mode 100644
index 0000000000000000000000000000000000000000..6b6c8b02dfb66bb600415dde332f1b32c2a9bfb8
--- /dev/null
+++ b/reuters/training/10080
@@ -0,0 +1,80 @@
+BP<BP> OFFER RAISES EXPECTATIONS FOR OIL VALUES
+  British Petroleum Plc's plan to pay
+  7.4 billion dlrs for less than half of Standard Oil Co has
+  signalled higher values in the U.S. oil patch, analysts said.
+      "I think that BP's bid is a very strong affirmation and
+  clear signal that they have confidence in the U.S., and they
+  think the barrel of oil in the ground is going to go higher,"
+  said Sanford Margoshes of Shearson Lehman Brothers Inc.
+      BP earlier today said its U.S. unit planned to tender at 70
+  dlrs per share for the 45 pct of Standard it does not already
+  own.
+      "It's a 7.4 billion dlr price that (shows) OPEC has won the
+  war and oil prices are not going to crack," said Prescott, Ball
+  and Turben analyst Bruce Lazier.
+      "Behind that is a huge implication for the rest of the
+  energy issues out there in the stock market, particularly those
+  that are acquisition targets," Lazier said.
+      One of those mentioned by Lazier was USX Corp, an
+  energy-steel concern which had been courted by investor Carl
+  Icahn and drew the attention of Australian Robert Holmes a
+  Court last year. Rumors continue to swirl around its stock.
+      Margoshes said he does not foresee major U.S. oil firms
+  falling into takeover situations for several years, with the
+  exception of possibly Amerada Hess Corp <AHC>. He said most of
+  the majors found partners in the last round of matchmaking
+  which ended two years ago, and others restructured to the point
+  that they have become unattractive.
+      U.S. oil stocks rallied in response to the offer. Exxon
+  Corp <XON> rose 1-1/8 to 88-1/2. Chevron Corp <CHV> jumped
+  1-1/8 to 58-7/8, and Texaco <TX> climbed 1/4 to 37-3/4. Unocal
+  Corp <UCL> rose 1-3/4, while Occidental Petroleum Corp <OXY>
+  climbed 1-1/8 to 34-3/4. Amoco Corp <AN> rose 1-3/8 to 83-3/4.
+      Standard Oil's stock was up 6-1/4 in heavy trading to
+  71-1/8. Earlier in the session it had been at a high of 72-1/4.
+  Wall Street has speculated British Petroleum may boost its
+  offer by several dlrs per share, but the company maintained it
+  would not raise the 70 dlr bid.
+      British Petroleum stock rose 2-1/4 to 59-5/8.
+      Analysts said the fact British Petroleum made such a bid in
+  the first place indicates that the British oil giant has
+  changed its outlook for the oil industry.
+      Analysts said last year British Petroleum held one of the
+  more bearish positions on oil prices.
+      "They said the real price of oil would stay at 15 dlrs (a
+  barrel) for several years, and I think they beat a hasty
+  retreat from that point of view," Margoshes said.
+      "They are more appropriately today looking more
+  optimistically. I believe they are looking at 18 dlrs
+  (long-term)...also in their heart of hearts they believe that
+  will be exceeded," Margoshes said.
+      The U.S. benchmark crude West Texas Intermediate was
+  trading today around 18.60 dlrs per barrel.
+      Analysts said British Petroleum might have been able to buy
+  up the rest of Standard Oil for about 50 dlrs per share when
+  oil prices were falling last year.
+      They said Standard Oil's brightest asset is its slightly
+  more than 50 pct ownership of the Alaskan Prudhoe Bay oil
+  field. Analysts also said the company has other interests in
+  the Alaskan North Slope.
+      Analysts said the Standard investment is extremely
+  attractive to BP because the U.S. is the largest oil market and
+  has hard-to-replace reserves.
+      "I think it just fits in with their long-range plans to
+  increase their position in the U.S. market," Dean Witter
+  analyst Eugene Nowak said.
+      Analysts said it also raises BP's visibility ahead of the
+  British government's announced disposal of 31.7 pct of BP
+  stock. The U.K. government said it would dispose of the holding
+  sometime in the year beginning April one.
+      After acquiring all of Standard, most of BP's reserves
+  would be in the U.S., but only about six pct of its stock is
+  held in the U.S.
+      "The only way they can sell all that stock is to move it
+  into the United States. No other market can handle all that
+  stock," said L.F. rothschild analyst Rosario Ilacqua.
+      In 1986, Standard Oil had net losses of 345 mln dlrs on
+  revenues of 10.02 billion dlrs, compared to a profit the year
+  earlier of 308 mln dlrs on revenues of 13.82 billion dlrs.
+  
+
diff --git a/reuters/training/10081 b/reuters/training/10081
new file mode 100644
index 0000000000000000000000000000000000000000..cd5650a82bdc1def6c7ce970c3037105d1d8cbcd
--- /dev/null
+++ b/reuters/training/10081
@@ -0,0 +1,23 @@
+FED'S HELLER SAYS DOLLAR'S LEVEL IS APPROPRIATE
+  Federal Reserve Board governor Robert
+  Heller said that the dollar's current level is appropriate but
+  declined to comment on widespread market reports of concerted
+  central bank intervention this week.
+      "The dollar is stable again... The current level is the
+  appropriate level," Heller told reporters after a speech to a
+  meeting of financial services analysts.
+      He said last month's six-nation currency accord in Paris
+  did not include target ranges for the dollar in an "academic
+  way."
+      Heller also said that it was too early to determine whether
+  the parties to the six-nation accord were taking appropriate
+  steps to carry out the longer-term economic adjustments agreed
+  to in Paris.
+      "Clearly, they've not been implemented yet... No one
+  expects implementation within a week or two," he said.
+      Earlier today, U.S. Treasury assistant secretary told a
+  Senate banking subcommittee that he did not believe that West
+  Germany and Japan have yet carried out their international
+  responsibilities.
+  
+
diff --git a/reuters/training/10083 b/reuters/training/10083
new file mode 100644
index 0000000000000000000000000000000000000000..19c05a8a6b3780244290795d82b5fb064495521a
--- /dev/null
+++ b/reuters/training/10083
@@ -0,0 +1,13 @@
+FALCON CABLE SYSTEMS <FAL> 4TH QTR LOSS
+  Shr loss 3.49 dlrs vs loss 15 cts
+      Net loss 10.8 mln vs loss 459,000
+      Revs 4,384,000 vs 2,542,000
+      Year
+      Shr loss 4.41 dlrs vs loss seven cts
+      Net loss 13.7 mln vs loss 218,000
+      Revs 13.9 mln vs 8,864,000
+      Note: net losses included extraordinary losses of 4,904,000
+  in 4th qtr vs 232,000 year ago and extraordinary losses for
+  year of 2,056,000 vs 460,000 a year ago.
+  
+
diff --git a/reuters/training/10085 b/reuters/training/10085
new file mode 100644
index 0000000000000000000000000000000000000000..692f1bc0026b1388980cfcaf39a6e9515746b484
--- /dev/null
+++ b/reuters/training/10085
@@ -0,0 +1,6 @@
+HOME SAVINGS BANK <HMSB> SETS INITIAL QUARTERLY
+  Home Savings Bank said its board
+  declared an initial quarterly dividend of nine cts per share,
+  payable April 30, record April Six.
+  
+
diff --git a/reuters/training/10086 b/reuters/training/10086
new file mode 100644
index 0000000000000000000000000000000000000000..5140197b3168274f2365f7ba0b373be9a14c3740
--- /dev/null
+++ b/reuters/training/10086
@@ -0,0 +1,8 @@
+LOUISIANA-PACIFIC <LPX> TO SELL SAWMILL
+  Louisiana-Pacific Corp said it
+  plans to sell its sawmill in Lakeview, Oregon and 18,000 acres
+  of timberland to Ostrander Construction Co.
+      The company said the transaciton shoould be finalized in
+  early April. Terms were not disclosed.
+  
+
diff --git a/reuters/training/10088 b/reuters/training/10088
new file mode 100644
index 0000000000000000000000000000000000000000..51b47a7d145553bfa736a69e35aac8043ec971ff
--- /dev/null
+++ b/reuters/training/10088
@@ -0,0 +1,8 @@
+SUBURBAN BANCORP <SUBBA> MERGER APPROVED
+  Suburban Bancorp Inc said it
+  received approval from the Federal Reserve Board to acquire
+  <Valley National Bank of Aurora> for an undisclosed price.
+      Suburban said it has received shareholder tenders for 100
+  pct of Valley National's stock.
+  
+
diff --git a/reuters/training/10089 b/reuters/training/10089
new file mode 100644
index 0000000000000000000000000000000000000000..842637dad84b27836c367aca8d3a9c9d2123fbfa
--- /dev/null
+++ b/reuters/training/10089
@@ -0,0 +1,13 @@
+UNIVERSAL HOLDING CORP <UHCO> 4TH QTR LOSS
+  Shr profit nil vs profit nine cts
+      Net profit 2,000 vs profit 195,000
+      Revs 2,623,000 vs 2,577,000
+      Year
+      Shr loss 21 cts vs profit 13 cts
+      Net loss 425,000 vs profit 278,000
+      Revs 15.4 mln vs 8,637,000
+      Note: Net includes capital gains of 63,000 vs 211,000 for
+  qtr and 304,000 vs 292,000 for year. Current year net includes
+  charge of 716,000 from contract obligation to former chairman.
+  
+
diff --git a/reuters/training/1009 b/reuters/training/1009
new file mode 100644
index 0000000000000000000000000000000000000000..34ac61068e0f694a781173443628819ca415dae3
--- /dev/null
+++ b/reuters/training/1009
@@ -0,0 +1,6 @@
+GREASE MONKEY HOLDING CORP <GMHC> YEAR NOV 30
+  Shr nil vs nil
+      Net 130,998 vs 30,732
+      Revs 1,568,941 vs 1,0053,234
+  
+
diff --git a/reuters/training/10090 b/reuters/training/10090
new file mode 100644
index 0000000000000000000000000000000000000000..4e7be1e19a3e089b98a7ec9da0dd2e7ac8b9cfa1
--- /dev/null
+++ b/reuters/training/10090
@@ -0,0 +1,9 @@
+FREEDOM FEDERAL <FRFE> TO RECOGNIZE GAIN
+  Freedom Federal Savings Bank
+  said it will recognize in its first-quarter earnings a
+  previously deferred 1.5 mln dlr gain which resulted from the
+  sale of an apartment complex in 1983.
+      It said the recognition comes as a result of repayment of a
+  loan which was granted when the complex was sold.
+  
+
diff --git a/reuters/training/10091 b/reuters/training/10091
new file mode 100644
index 0000000000000000000000000000000000000000..9f80ffc590f052cce265727adf14d4ff522d4b3d
--- /dev/null
+++ b/reuters/training/10091
@@ -0,0 +1,53 @@
+PARIS G-6 MEET SET NO TARGETS - LEIGH-PEMBERTON
+  Bank of England Governor Robin
+  Leigh-Pemberton said the Paris pact agreed between six leading
+  industrialised nations set no nominal exchange rate targets.
+      Leigh-Pemberton said in oral evidence to a select committee
+  that "we did not swap numbers - we reached an understanding" on
+  how to cooperate towards stabilizing currencies at around their
+  current levels.
+      He said the accord had brought Britain into a form of joint
+  currency float - but one which let it still purse an
+  independent monetary policy. "I would concede that, since the
+  Louvre Accord, we are acting as if we are in something,"
+  Leigh-Pemberton said.
+      "The Louvre and Plaza accords show there is a very effective
+  role for the (Group of) seven central banks to operate together"
+  towards stabilising exchange rates," Leigh-Pemberton said.
+      He did not mention this week's intervention by central
+  banks to support the dollar, after markets decided to test the
+  accord.
+       Leigh-Pemberton said that "the effectiveness of this
+  (cooperation) is actually larger than many of us had thought in
+  the pre-Plaza days" before September 1985.
+      He did not indicate what exchange rate levels were broadly
+  sought by the six nations, and noted that "we are more effective
+  in our agreement if we can leave the markets guessing."
+      He did not indicate what exchange rate levels were broadly
+  sought by the six nations, and noted that "we are more effective
+  in our agreement if we can leave the markets guessing."
+      Leigh-Pemberton said that, in principle, the Bank of
+  England favoured full EMS membership for sterling, provided
+  such a move did not endanger U.K. Anti-inflation monetary
+  policy. Asked whether he wanted to see U.K. Interest rates
+  lower, he said "the two half point cuts (this month in banks'
+  base lending rates) have been appropriate up until now."
+      Leigh-Pemberton said he preferred a "cautious step-by-step
+  approach" to reducing short term interest rates, not least
+  because "we have a potential problem with inflation."
+      Underlying U.K. Inflation was currently around 4.0 pct, "one
+  of the highest" among industrialised nations, he added.
+      Leigh-Pemberton said the Bank of England had not wanted
+  base rates to fall before the unveiling of the 1987/88 budget
+  on March 17, but he said pressure from financial markets for
+  such a move had proved irresistible. Base rates are now at 10
+  pct.
+      Regarding sterling's relationship with oil, Leigh-Pemberton
+  said that the pound could be seen being undervalued overall.
+      He said the current oil price of some 18 dlrs a barrel
+  might suggest a level of 74 on the Bank of England's sterling
+  index, when compared with the index's level before oil prices
+  dropped from around the 30 dlr level. The index, base 1975,
+  closed here today at 72.1, unchanged from the previous close.
+  
+
diff --git a/reuters/training/10092 b/reuters/training/10092
new file mode 100644
index 0000000000000000000000000000000000000000..a4a40471fbdded739508ad6a38cac44391292029
--- /dev/null
+++ b/reuters/training/10092
@@ -0,0 +1,6 @@
+COMMERCE CLEARING HOUSE INC <CCLR> HIKES DIV
+  Qtly div 32 cts vs 30 cts prior
+      Pay April 29
+      Record April 10
+  
+
diff --git a/reuters/training/10094 b/reuters/training/10094
new file mode 100644
index 0000000000000000000000000000000000000000..6a883b9cf0c9df172d1eba383fe4f7675884615a
--- /dev/null
+++ b/reuters/training/10094
@@ -0,0 +1,13 @@
+QUANTECH ELECTRONICS CORP <QANT> 3RD QTR DEC 31
+  Shr loss 28 cts vs loss six cts
+      Net loss 561,029 vs loss 114,712
+      Revs 3,464,269 vs 4,083,833
+      Nine mths
+      Shr loss 56 cts vs loss 13 cts
+      Net loss 1,104,472 vs loss 261,791
+      Revs 10.5 mln vs 11.6 mln
+      NOTE: Prior year net includes losses from discontinued
+  operations of 99,209 dlrs in quarter and 202,097 dlrs in nine
+  mths. 
+  
+
diff --git a/reuters/training/10095 b/reuters/training/10095
new file mode 100644
index 0000000000000000000000000000000000000000..53afe0bba1d0aaff385030c48964068aabf13567
--- /dev/null
+++ b/reuters/training/10095
@@ -0,0 +1,22 @@
+QUANTECH <QANT> NEEDS ADDITIONAL FUNDS
+  Quantech Electronics Corp said
+  it is investigating available means of raising additional funds
+  needed to finance continuing operations, but there is no
+  assurance that it will succeed.
+      The company said it continues to experience negative cash
+  flow.  Today it reported a loss for the third quarter ended
+  December 31 of 561,029 dlrs, compared with a 114,712 dlr loss a
+  year before.
+      Quantech said it has received waivers from Marine Midland
+  Banks Inc <MM> through May 26 on covenants in its loan
+  agreement.
+      The company said Marine Midland has agreed to advance it an
+  additional working capital loan that will be personally
+  guaranteed by chairman Henry Ginsburg.  Loans from Marine
+  Midland are secured by substantially all company assets.
+      Quantech also said Bernard Weinblatt has rsigned as
+  president and a director, and until a replacement is found,
+  Ginsberg will act as chief executive and Leonard N. Hecht,
+  formerly chief executive, will act as chief operating officer.
+  
+
diff --git a/reuters/training/10096 b/reuters/training/10096
new file mode 100644
index 0000000000000000000000000000000000000000..b554c7be8b8345ff400899f43ba18bcd009aa846
--- /dev/null
+++ b/reuters/training/10096
@@ -0,0 +1,10 @@
+PDA ENGINEERING <PDAS> HALTS SOFTWARE SHIPMENTS
+  PDA Engineering said it has
+  temporarily deferred shipmetns of its PATRAN software for IBM
+  computers, due to a technical problem with the program.
+      The company said the deferral will reduce its thrid quarter
+  revenues and earnings.
+      PDA said it anticipates resuming shipments in the fourth
+  quarter.
+  
+
diff --git a/reuters/training/10097 b/reuters/training/10097
new file mode 100644
index 0000000000000000000000000000000000000000..266cd268061ed5ac01aaba75fe042553ba91e804
--- /dev/null
+++ b/reuters/training/10097
@@ -0,0 +1,16 @@
+P AND F INDUSTRIES INC <PFINA> 4TH QTR NET
+  Oper shr 16 cts vs 29 cts
+      Oper net 453,924 vs 726,816
+      Revs 12.0 mln vs 11.2 mln
+      Avg shrs 2,695,206 vs 2,562,160
+      Year
+      Oper shr 50 cts vs 50 cts
+      Oper net 1,365,655 vs 1,268,847
+      Revs 40.1 mln vs 33.1 mln
+      Avg shrs 2,695,206 vs 2,562,160
+      NOTE: Net excludes tax credits of 571,000 dlrs vs 496,000
+  dlrs in quarter and 1,347,000 dlrs vs 1,107,000 dlrs in year.
+      Share adjusted for one-for-five reverse split in October
+  1986.
+  
+
diff --git a/reuters/training/10098 b/reuters/training/10098
new file mode 100644
index 0000000000000000000000000000000000000000..774431d7b895a60491fc76f7fac2bd0ee0fbb540
--- /dev/null
+++ b/reuters/training/10098
@@ -0,0 +1,10 @@
+FAIR LANES <FAIR> SHAREHOLDERS APPROVE MERGER
+  Fair Lanes Inc said its shareholders
+  approved the previously announced merger with Maricorp Inc, a
+  unit of <Northern Pacific Corp>.
+      Under terms of the merger, Fair Lanes said each of its
+  shares of common stock will be converted into the right to
+  receive 1.3043 shares of <BTR Realty Inc>, which is owned by
+  Fair Lines.
+  
+
diff --git a/reuters/training/10099 b/reuters/training/10099
new file mode 100644
index 0000000000000000000000000000000000000000..0665208817a26e18d1af909cfed1db2fe9f55997
--- /dev/null
+++ b/reuters/training/10099
@@ -0,0 +1,8 @@
+ALLIED RESEARCH ASSOCIATES INC <ARAI> YEAR NET
+  Shr 63 cts vs 64 cts
+      Net 2,463,214 vs 2,509,832
+      Sales 34.4 mln vs 30.6 mln
+      NOTE: Backlog as of February 28 47.4 mln dlrs vs 34.9 mln
+  dlrs a year before.
+  
+
diff --git a/reuters/training/101 b/reuters/training/101
new file mode 100644
index 0000000000000000000000000000000000000000..56f66ec3fbee873b4f839e791f2d20844ef4919e
--- /dev/null
+++ b/reuters/training/101
@@ -0,0 +1,3 @@
+26-FEB-1987
+  26-FEB-1987
+
diff --git a/reuters/training/1010 b/reuters/training/1010
new file mode 100644
index 0000000000000000000000000000000000000000..fb56bbbbfa263c9b4e93817835685045f0659b11
--- /dev/null
+++ b/reuters/training/1010
@@ -0,0 +1,10 @@
+ACCEPTANCE INSURANCE HOLDINGS INC <ACPT> YEAR
+  Oper shr profit 1.80 dlrs vs loss 2.28 dlrs
+      Oper net profit 2,048,0000 vs loss 1,318,000
+      Revs 25.4 mln vs 12.3 mln
+      Avg shrs 1,135,000 vs 576,000
+      NOTE: Net excludes realized investment gains of 40,000 dlrs
+  vs 13,000 dlrs.
+      1986 net excludes 729,000 dlr tax credit.
+  
+
diff --git a/reuters/training/10100 b/reuters/training/10100
new file mode 100644
index 0000000000000000000000000000000000000000..7349fb4157d1e5ef9a4ca7be5cbbaf59953c752d
--- /dev/null
+++ b/reuters/training/10100
@@ -0,0 +1,27 @@
+CARDENAS SEES NO MAJOR DECISIONS AT ICO MEETING
+  Jorge Cardenas, manager of Colombia's
+  coffee growers' federation, said he did not believe any
+  important decisions would emerge from an upcoming meeting of
+  the International Coffee Organization (ICO).
+      The ICO executive board is set to meet in London from March
+  31 and could decide to call a special council session by the
+  end of April to discuss export quotas.
+      "It's going to be a routine meeting, an update of what has
+  been happening in the market, but it's unlikely any major
+  decisions are taken," Cardenas told journalists.
+      Earlier this month, talks in London to re-introduce export
+  quotas, suspended in February 1986, ended in failure.
+      Colombian finance minister Cesar Gaviria, also talking to
+  reporters at the end of the weekly National Coffee Committee
+  meeting, said the positions of Brazil and of the United States
+  were too far apart to allow a prompt agreement on quotas.
+      Brazil's coffee chief Jorio Dauster said yesterday Brazil
+  would not change its coffee policies.
+      Cardenas said the market situation was getting clearer
+  because the trade knew the projected output and stockpile
+  levels of producers.
+      He said according to ICO statistics there was a shortfall
+  of nine mln (60-kg) bags on the world market between October,
+  the start of the coffee year, and February.
+  
+
diff --git a/reuters/training/10102 b/reuters/training/10102
new file mode 100644
index 0000000000000000000000000000000000000000..59c78e95792a2213ff5a4c18d9e2ede61cb39833
--- /dev/null
+++ b/reuters/training/10102
@@ -0,0 +1,9 @@
+CB AND T <CBTB> TO MAKE ACQUISITION
+  CB and T Bancshares Inc said the
+  board of Carrolton State Bank of Carrolton, Ga., has approved a
+  merger into CB and T for an undisclosed amount of stock,
+  subject to approval by regulatory agencies and Carrolton
+  shareholders.
+      Carrolton has 26 mln dlrs in assets.
+  
+
diff --git a/reuters/training/10105 b/reuters/training/10105
new file mode 100644
index 0000000000000000000000000000000000000000..0c63411abd22260474b057f8c1189002c42f707d
--- /dev/null
+++ b/reuters/training/10105
@@ -0,0 +1,17 @@
+AMERICAN BRANDS <AMB> SEES HIGHER 1ST QTR NET
+  American Brands Inc said it expects
+  first quarter net earnings to exceed the record 118.7 mln dlrs
+  or 1.05 dlrs a share it earned for the year-ago quarter.
+      The company also said it believes sales in the first
+  quarter will surpass record sales of 2.1 billion dlrs last
+  year.
+      The company said unit sales of American Tobacco's Lucky
+  Strike Filter line rose 20 pct last year, which led to a gain
+  for he Lucky franchise.
+      American Brands said it will introduce a new low-priced
+  brand of cigarettes called Malibu.
+      The company's U.K.-based Gallaher Ltd unit had a strong
+  performance in 1986 and became the second-largest contributor
+  to operating earnings, American Brands said.
+  
+
diff --git a/reuters/training/10106 b/reuters/training/10106
new file mode 100644
index 0000000000000000000000000000000000000000..fd051a09920412081d8b81ccd54a145a3f107450
--- /dev/null
+++ b/reuters/training/10106
@@ -0,0 +1,43 @@
+USX <X> SAYS TALKS ENDED WITH BRITISH PETROLEUM
+  USX Corp chairman David Roderick said
+  the company had ended talks with British Petroleum Co Plc <BP>
+  about the possible sale of some energy assets and said USX has
+  no immediate restructuring plans for its oil businesses.
+      "We have terminated our discussions," Roderick told Reuters
+  after a speech to the Petroleum Equipment Suppliers Association
+  here. He said USX was not conducting talks with any other
+  possible buyer of its energy assets.
+      Earlier today, BP said it planned to offer 70 dlrs per
+  share for the Standard Oil Co's <SRD> publicly held stock.
+      USX said in December the company had held formal
+  discussions with BP about the potential sale of some of its
+  overseas oil assets and USX had received expressions of
+  interest from a half dozen other oil companies.
+      Roderick, in response to a question, said USX had no
+  immediate plans to restructure its Marathon Oil Co, or Texas
+  Oil and Gas Corp. He said USX also did not plan to sell any of
+  its 49 pct interest in the giant Yates Field in west Texas.
+      "We want to maintain our production in the Yates Field
+  during these difficult times," Roderick added.
+      In response to a question, Roderick also said he did not
+  know whether Australian investor Robert Holmes a Court was
+  accumulating USX stock. In recent days, traders have suggested
+  Holmes a Court was buying additional shares.
+      Roderick said Carl Ichan, who terminated an eight billion
+  dlr hostile takeover plan for USX in January, continued to hold
+  a sizable interest in the company. "Mr. Ichan still apparently
+  has 11.4 pct. He hasn't bought any more stock or sold any,"
+  Roderick said. "He's a very satisfied shareholder right now. I
+  talk with him monthly."
+      In his speech, Roderick predicted the fall in the value of
+  the dollar would set the stage for the U.S. to solve its trade
+  deficit problem which totaled 170 billion dlrs in 1986.
+      "I expect by the early 1990s the U.S. will be running a net
+  trade surplus," Roderick said. "I think the worst is over and
+  we can look forward to stability and upward movement ahead."
+      However, the USX chairman warned that European trading
+  partners may resist the turn in the U.S. trade deficit. "Some
+  economic discomfort must be transferred from the United States
+  to our friends, trading partners and allies."
+  
+
diff --git a/reuters/training/10107 b/reuters/training/10107
new file mode 100644
index 0000000000000000000000000000000000000000..6e076d824111d3cb4981c0d9e777f683132c500e
--- /dev/null
+++ b/reuters/training/10107
@@ -0,0 +1,14 @@
+NY TRADERS SAY SOVIETS MADE LARGE SUGAR PURCHASE
+  The Soviet Union bought almost 90,000
+  tonnes of raw sugar from international trade houses last night,
+  with some of the sugar changing hands at discounts to the spot
+  May world sugar contract, according to trade sources.
+      They said Japanese trade houses sold up to three cargoes of
+  Thai sugar for relatively nearby delivery.
+      British and European-based trade houses sold the remaining
+  six cargoes for shipment between April/May/July, they said.
+      Traders said this week's sharp fall in world sugar prices
+  helped to provoke the Soviet Union into covering nearby needs.
+      Yesterday, spot May sugar closed at 7.18 cents a pound.
+  
+
diff --git a/reuters/training/10108 b/reuters/training/10108
new file mode 100644
index 0000000000000000000000000000000000000000..d4866649994a3cc6272c4012bb822a88d753fb5e
--- /dev/null
+++ b/reuters/training/10108
@@ -0,0 +1,7 @@
+MARTIN LAWRENCE LIMITED EDITIONS <MLLE> YEAR NET
+  Shr 20 cts vs six cts
+      Net 861,000 vs 266,000
+      Revs 10.2 mln vs 6,036,000
+      Note: 4th qtr data not given.
+  
+
diff --git a/reuters/training/10109 b/reuters/training/10109
new file mode 100644
index 0000000000000000000000000000000000000000..9315135b47179484673bdca0656f841dae233a81
--- /dev/null
+++ b/reuters/training/10109
@@ -0,0 +1,6 @@
+COMMONWEALTH ENERGY SYSTEM <CES> DIVIDEND
+  Qtly div 68 cts vs 68 cts in prior qtr
+      Payable May one
+      Record April 14
+  
+
diff --git a/reuters/training/1011 b/reuters/training/1011
new file mode 100644
index 0000000000000000000000000000000000000000..14d0885d081271fb7f999a26b20d7f8357c2eaf0
--- /dev/null
+++ b/reuters/training/1011
@@ -0,0 +1,21 @@
+MINSTAR INC <MNST> 4TH QTR NET
+  Oper shr loss 31 cts vs loss 30 cts
+      Oper net loss 5,429,000 vs loss 5,216,000
+      Revs 257.5 mln vs 243.6 mln
+      Avg shrs 17.5 mln vs 13.5 mln
+      Year
+      Oper shr loss eight cts vs profit 28 cts
+      Oper net loss 1,324,000 vs profit 4,067,000
+      Revs 989.5 mln vs 747.9 mln
+      Avg shrs 17.6 mln vs 15.7 mln
+     
+      NOTE: 1986 operating net loss excludes income from
+  discontinued operations equal to 11 cts in the quarter and 66
+  cts in the year compared with 1.07 dlrs in the quarter and 1.23
+  dlrs in the respective periods of 1985.
+      1986 operating net loss also excludes extraordinary charges
+  of 14 cts in the quarter and 54 cts in the year.
+      1985 operating net profit excludes an extraordinary gain of
+  47 cts.
+  
+
diff --git a/reuters/training/10110 b/reuters/training/10110
new file mode 100644
index 0000000000000000000000000000000000000000..78e845160016e3ca92a75c5c4c6218defff3cec5
--- /dev/null
+++ b/reuters/training/10110
@@ -0,0 +1,20 @@
+TRANSWORLD TRUST <TWT> SETS INITIAL PAY DATE
+  Transworld Liquidating Trust said it
+  will distribute proceeds from the sale of Hilton International
+  Co to UAL Inc <UAL> to its holders on April 8.
+      The deal is expected to close March 31, the day trading
+  ceases in the Liquidating Trust shares.
+      UAL will pay 632.5 mln dlrs cash, 2,564,000 shares of UAL
+  common stock and 200 mln dlrs worth of UAL debentures to
+  Transworld, but it may substitute cash for the securities. The
+  initial distribution will include all the cash, stock and
+  debentures received in connection with the sale, the company
+  said.
+      The shares in the Trust formerly represented shares of
+  Transworld Corp common stock.
+      The company said the balance of cash in the Trust will be
+  used to satisfy all liabilities and obligations of the Trust.
+  After satisfaction of the payments, the company will make a
+  second distribution around April 29, it said.
+  
+
diff --git a/reuters/training/10112 b/reuters/training/10112
new file mode 100644
index 0000000000000000000000000000000000000000..2abeed0570be4695f1c178ad89a03f0578a078fa
--- /dev/null
+++ b/reuters/training/10112
@@ -0,0 +1,8 @@
+ELECTRO-SENSORS INC <ELSE> VOTES EXTRA PAYOUT
+  Electro-Sensors Inc said its board
+  voted an extraordinary cash dividend on its common stock of 10
+  cts a share payable May 15, record April 30.
+      The company paid an extraordinary dividend of 10 cts in May
+  1986.
+  
+
diff --git a/reuters/training/10114 b/reuters/training/10114
new file mode 100644
index 0000000000000000000000000000000000000000..0f44932c4be44a4bc4ae7a99e6a39283d49389db
--- /dev/null
+++ b/reuters/training/10114
@@ -0,0 +1,16 @@
+U.S. HOME <UH> SEES BEST FIRST QTR SINCE 1983
+  U.S. Home Corp said its first quarter
+  ending March 31, 1987, will be its most profitable first
+  quarter since 1983.
+      The company said in 1983, it recorded a profit of 8,600,000
+  dlrs for its first quarter. The three following first quarters
+  resulted in losses of 3,200,000 dlrs, 3,500,000 dlrs and
+  1,800,000 dlrs, respectively, the company said.
+      U.S. Home declined to put a specific figure on what its net
+  earnings would be for the coming first quarter, but said it
+  would definitely record a profit.
+      In other news, U.S. Home said its shareholders approved an
+  amendment to its company's certificate of incorporation
+  relating to the liability of the company's directors.
+  
+
diff --git a/reuters/training/10115 b/reuters/training/10115
new file mode 100644
index 0000000000000000000000000000000000000000..1c1baaef96654672b0cc5d2b4b9c2ca69f88979b
--- /dev/null
+++ b/reuters/training/10115
@@ -0,0 +1,7 @@
+ROCKEFELLER CENTER PROPERTIES <RCP> UPS PAYOUT
+  Rockefeller Center Properties Inc said
+  it raised its quarterly dividend to 45 cts from 44 cts a share.
+      The dividend is payable April 27 to shareholders of record
+  April 7.
+  
+
diff --git a/reuters/training/10119 b/reuters/training/10119
new file mode 100644
index 0000000000000000000000000000000000000000..fda3a660496a8cd84dceda1747896f0651017012
--- /dev/null
+++ b/reuters/training/10119
@@ -0,0 +1,12 @@
+SANDUSTRY PLASTICS INC <SPI> 4TH QTR NET
+  Shr seven cts vs 26 cts
+      Net 200,000 vs 450,000
+      Revs 7,291,000 vs 1,177,000
+      12 mths
+      Shr 37 cts vs 77 cts
+      Net 801,000 vs 1,329,000
+      Revs 26 mln vs 28.6 mln
+      NOTE: 1985 year includes extraordinary gain of 10 cts per
+  share.
+  
+
diff --git a/reuters/training/10120 b/reuters/training/10120
new file mode 100644
index 0000000000000000000000000000000000000000..4c34d82c12ef2d20e85e7227d512f89f9ff3d612
--- /dev/null
+++ b/reuters/training/10120
@@ -0,0 +1,12 @@
+CHINA SWITCHES U.S. WHEAT TO 1987/88 FROM 86/87
+  China has switched purchases of U.S.
+  wheat totaling 60,000 tonnes from the 1986/87 season, which
+  began June 1, to 1987/88 season delivery, the U.S. Agriculture
+  Department said.
+      The department said outstanding wheat sales to China for
+  the current season amount to 90,000 tonnes and sales for
+  delivery in the 1987/88 season amount to 910,000 tonnes.
+      Total corn commitments for the 1986/87 season total
+  1,015,800 tonnes, the department said.
+  
+
diff --git a/reuters/training/10122 b/reuters/training/10122
new file mode 100644
index 0000000000000000000000000000000000000000..c43a78f285959f7047218e31ff680e645f78597a
--- /dev/null
+++ b/reuters/training/10122
@@ -0,0 +1,36 @@
+COCOA CHAIRMAN WORKS TOWARDS BUFFER COMPROMISE
+  International Cocoa Organization's,
+  ICCO, council chairman Denis Bra Kanon continued work towards a
+  compromise plan on how the ICCO buffer stock should buy cocoa,
+  consumer delegates said.
+      Consumer delegates said Bra Kanon had not formally
+  presented the compromise plan to producers and consumers, and
+  it was unlikely he would do so before Friday, they said.
+      There was widespread confidence a result on the outstanding
+  items could be reached by Friday, when the council session is
+  due to end, consumers said.
+      Bra Kanon completed bilateral consultations with several
+  delegations today on the main sticking points in the draft
+  buffer stock rules package, they said.
+      Certain delegations wanted further discussion on the amount
+  of non-member cocoa the buffer stock will be permitted to buy,
+  differentials for different origin cocoas and limits on buffer
+  stock purchases of nearby, and forward material, the delegates
+  said.
+      The buffer stock working group finalized the remaining
+  buffer stock rules, with only minor modifications to the
+  original draft buffer stock package produced last week, the
+  delegates said.
+      The ICCO council is due to elect a new executive director
+  when it reconvenes Friday, producer delegates said.
+      Producers intend to present a single candidate for the
+  post, and this is most likely to be Edouard Kouame from Ivory
+  Coast, they said.
+      Earlier, the existing executive director, Kobena Erbynn
+  from Ghana, was expected to re-nominated, but he is now likely
+  to withdraw, the delegates said.
+      The executive committee is due to meet Friday at 1100 GMT,
+  with the council unlikely to reconvene until late Friday,
+  consumers said.
+  
+
diff --git a/reuters/training/10124 b/reuters/training/10124
new file mode 100644
index 0000000000000000000000000000000000000000..50496266c74dba58a4947ff2b26a704df681c2a9
--- /dev/null
+++ b/reuters/training/10124
@@ -0,0 +1,56 @@
+FRANCE WILL FIGHT EC FARM PROPOSALS - MINISTER
+  French Agricultural Minister
+  Francois Guillaume warned that France would flatly reject
+  proposed reforms of the European Community, EC, cereals, sugar
+  and oilseeds sectors, which he said would disrupt these
+  markets.
+      The EC Commission's proposals to shorten the intervention
+  period and lower monthly premiums for cereals and increase the
+  financial burden on the sugar producers will also result in
+  lower real prices for producers, he told farmers here.
+      "I give you my word that France, while it will not reject
+  technical adjustments or serious discussion, will simply reply
+  in the negative to these bad reforms," Guillaume told the annual
+  conference of the country's major farm union, FNSEA 
+  (Federation Nationale des Syndicats Dexploitants Agricoles).
+      Community agricultural ministers are due to meet again
+  Monday to try and agree a package of reforms to curb spiralling
+  EC output and fix farm prices for 1987/88.
+      Relations between the government and farmers have become
+  strained in France in recent months.
+      There have been sporadic but frequent demonstrations by
+  farmers protesting over sharp falls in meat and pork prices and
+  further cutbacks in Community milk output.
+      But Guillaume's warning that he would reject reorganisation
+  of the EC cereal and sugar markets -- France being a major
+  producer of both crops -- won him warm applause from the
+  FNSEA's farmers.
+      His pledge to fight the EC proposals and push for the
+  complete dismantling of the system of cross border taxes
+  designed to smooth out currency differences known as Monetary
+  Compensatory Amounts, MCA's, however, are unlikely to avoid
+  further protests by producers.
+      Farm leader Raymond Lacombe said the union planned to go
+  ahead with a series of major protests both in France and abroad
+  against the EC Commission's proposals to overhaul the farm
+  sector.
+      "The Minister's proposals back up our determination to
+  organise union action in the coming weeks," he told reporters,
+  adding that this could also act in Guillaume's favour on a
+  ministerial level.
+      Guillaume was head of the FNSEA for many years before being
+  appointed farm minister last spring.
+      Lacombe refused to say whether the farmers felt that
+  Guillaume was doing a good job as farm minister.
+      There have been certain advances on cutting production
+  costs, reducing fiscal costs and awarding drought aid, but
+  there are still areas where more could be done such as on
+  farmers' indebtedness, he said.
+      Guillaume told the conference the government will make
+  available 2.4 billion francs (396 mln dlrs) to help producers
+  reduce milk output and to encourage older farmers to retire.
+      The government has already announced financial aid for the
+  milk sector and it was not clear how much of the package
+  announced today was new aid, Lacombe said.
+  
+
diff --git a/reuters/training/10128 b/reuters/training/10128
new file mode 100644
index 0000000000000000000000000000000000000000..672819e4d48afe54ca764faf5a6f20879ab0edea
--- /dev/null
+++ b/reuters/training/10128
@@ -0,0 +1,10 @@
+FIRST FINANCIAL <FFMC> BUYS CONFIDATA
+  First Financial Management Corp said it
+  acquired Confidata Corp, a unit of <North Ridge Bank>, paying
+  500,000 dlrs in cash and pledging a guarantee on a 500,000 dlr
+  Confidata note held by North Ridge.
+      First Financial, which provides data processing services to
+  community banks and other financial institutions, said the
+  acquisition will expand its customer base.
+  
+
diff --git a/reuters/training/10129 b/reuters/training/10129
new file mode 100644
index 0000000000000000000000000000000000000000..b9ae1382d08fc05f98eac05cd995d7fdf2bb6d51
--- /dev/null
+++ b/reuters/training/10129
@@ -0,0 +1,11 @@
+COMBUSTION ENGINEERING <CSP> UNIT IN BUYOUT
+  Combustion Engineering Inc said
+  its C-E Environmental Systems and Services Inc unit agreed in
+  principle to acquire <E.C. Jordan and Co>, a privately held
+  firm based in Portland, Me.
+      Terms of the acquisition were mot disclosed.
+      Combustion Engineering said C-E Environmental, which
+  provides environmental sciences and management services, had
+  1986 sales of about 24 mln dlrs.
+  
+
diff --git a/reuters/training/1013 b/reuters/training/1013
new file mode 100644
index 0000000000000000000000000000000000000000..fc4dd6ccf5e3b93bb1092f38651f361da15d8c02
--- /dev/null
+++ b/reuters/training/1013
@@ -0,0 +1,9 @@
+<MARK RESOURCES INC> YEAR LOSS
+  Shr not given
+      Loss 54.9 mln
+      Revs 27.2 mln
+      Note: Prior year results not given. 1986 results include
+  accounts of 89 pct owned <Precambrian Shield Resources Ltd>,
+  acquired November 5, 1986
+  
+
diff --git a/reuters/training/10130 b/reuters/training/10130
new file mode 100644
index 0000000000000000000000000000000000000000..2b25f5440e918b4a1058fbc75eedb148d469b1a3
--- /dev/null
+++ b/reuters/training/10130
@@ -0,0 +1,14 @@
+PEPCO <POM> TWO MTHS FEB 28 NET
+  Shr 49 cts vs 57 cts
+      Net 25.1 mln vs 28.9 mln
+      Revs 202.8 mln vs 220.9 mln
+      12 mths
+      Shr 4.05 dlrs vs 3.66 dlrs
+      Net 223.9 mln vs 186.4 mln
+      Revs 1.35 billion vs 1.34 billion
+      NOTE: Full name Potomac Electric Power Co
+      1987 year includes extraordinary gain of 21.7 mln, or 46
+  cts per share, for the June 1986 sale of the company's Virginia
+  service territory to Virginia Power.
+  
+
diff --git a/reuters/training/10135 b/reuters/training/10135
new file mode 100644
index 0000000000000000000000000000000000000000..690aeb486499d9d1f084d9b58a325e134abd1924
--- /dev/null
+++ b/reuters/training/10135
@@ -0,0 +1,25 @@
+ITALIAN 1986 GDP UP 2.7 PCT, UNEMPLOYMENT RISES
+  Extracts from a report by Italy's Budget
+  Ministry on the country's economic development in 1986 showed
+  gross domestic product (GDP) 2.7 pct higher in real terms than
+  in 1985 but a rise in unemployment.
+      GDP calculated at 1980 prices rose to 434,682 billion lire
+  last year from 423,064 billion in 1985. On a current prices
+  basis, GDP was up 11 pct, totalling 894,362 billion lire in
+  1986 against 805,754 billion in 1985.
+       But growth was insufficient to prevent a rise in
+  unemployment to 11.1 pct last year from 10.3 pct in 1985, the
+  ministry said.
+      The report said falling oil prices and the depreciation of
+  the dollar during 1986 had favoured oil-importing countries
+  such as Italy.
+      These factors helped Italy cut inflation to an average 6.3
+  pct in 1986, down from 9.3 pct in 1985.
+      They also helped a major improvement in the trade balance.
+      On the basis of data recently recalculated by the national
+  statistics institute Istat, Italy had a trade deficit in 1986
+  of 3,722 billion lire, the report said. This slightly revises a
+  previous deficit figure of 3,717 billion issued by Istat and
+  compares with a negative balance of 23,085 billion for 1985.
+  
+
diff --git a/reuters/training/10136 b/reuters/training/10136
new file mode 100644
index 0000000000000000000000000000000000000000..f2955e8dac643ff885822161dc219bd0f47cd6fd
--- /dev/null
+++ b/reuters/training/10136
@@ -0,0 +1,3 @@
+26-MAR-1987
+  26-MAR-1987
+
diff --git a/reuters/training/10139 b/reuters/training/10139
new file mode 100644
index 0000000000000000000000000000000000000000..9061632829735366ae55bbb387e4dd32a4d6e323
--- /dev/null
+++ b/reuters/training/10139
@@ -0,0 +1,16 @@
+FERRUZZI PARIS UNIT SEEN ABSORBING CPC PURCHASE
+  Sources close to Italy's <Gruppo
+  Ferruzzi> said <European Sugar (France)>, a French company
+  owned by Ferruzzi, would take over control of <CPC Industrial
+  Division>, the corn wet milling business acquired by the
+  Italian group earlier this week from CPC International Inc
+  <CPC>.
+      The sources told Reuters that European Sugar, owned by
+  Ferruzzi subsidiary Eridania Zuccherifici Nazionali SpA
+  <ERDI.MI>, planned to seek a listing on the Paris bourse and
+  make a share offering there.
+      CPC International announced Tuesday it had agreed in
+  principle to sell its European corn wet millng business to
+  Ferruzzi. The deal is worth 630 mln dlrs.
+  
+
diff --git a/reuters/training/10140 b/reuters/training/10140
new file mode 100644
index 0000000000000000000000000000000000000000..fd0995c4122ccd8982554fcc3565bf54b4c82d4e
--- /dev/null
+++ b/reuters/training/10140
@@ -0,0 +1,22 @@
+DECISION INDUSTRIES <DIC> SEES 1ST QTR LOSS
+  Decision Industries Corp said it
+  expects to report an operating loss of 19-24 cts a share for
+  the first quarter ending March 31 mainly due to lower profit
+  margins and higher sales and marketing costs.
+      In the 1st quarter of last year, when the company's quarter
+  ended Feb 28, 1986, it earned 957,000 dlrs or 10 cts a share on
+  revenues of 45 mln dlrs.
+      Decision also said it entered into an agreement to sell its
+  International Computerized Telemarketing Inc subsidiary to an
+  investor group headed by the unit's senior management. Terms
+  were not disclosed.
+      Decision also said it consolidated its Decision Development
+  Corp subsidiary into Decision Data Computer Corp, the unit
+  which designs, manufactures and sells its System/3X peripheral
+  products.
+      It said this restructuring will adversely affect its first
+  quarter earnings, but it said it expects to realize a
+  "significant savings" in operating expenses through the
+  remainder of the year.
+  
+
diff --git a/reuters/training/10146 b/reuters/training/10146
new file mode 100644
index 0000000000000000000000000000000000000000..def62b1e0a2a46caf7e1fa0fa3d22d45c83f52b1
--- /dev/null
+++ b/reuters/training/10146
@@ -0,0 +1,14 @@
+LOMAK <LOMK>, STRATA <STRATA> IN MERGER PACT
+  Lomak Petroleum Inc and Strata
+  Corp, based in Columbus, Ohio, jointly said they entered into a
+  merger agreement for Strata to become a wholly owned subsidiary
+  of Lomak.
+      Under the merger's terms, Strata shareholders will receive
+  5.7 cts per share of Strata common and warrants to buy about
+  .06 shares of Lomak common at 37.5 cts per share on or before
+  December 31, 1990, for each Strata common share.
+      The merger is subject to approval by the companies' boards
+  and shareholders and agreement of certain Strata creditors,
+  among other things, said the companies.
+  
+
diff --git a/reuters/training/1015 b/reuters/training/1015
new file mode 100644
index 0000000000000000000000000000000000000000..ed0889ac1baeb8ae15e2e5570c74c9537e75f7d5
--- /dev/null
+++ b/reuters/training/1015
@@ -0,0 +1,17 @@
+TRANSFORM LOGIC <TOOG> REVISES RESULTS DOWNWARD
+  Transform Logic Corp said it
+  has revised downward its previously reported fourth quarter and
+  year, ended October 31, results to reflect compensation expense
+  for employee stock options.
+      The company said resolution of this disagreement with its
+  auditors came as a result of Securities and Exchange Commission
+  involvement. The company will amend its option-granting
+  procedure to conform to the SEC decision which will eliminate
+  future charges, it added.
+      Transform said its fourth quarter profit was revised to
+  305,082 dlrs, or two cts a share, from the previously reported
+  580,955 dlrs, which left the company with a fiscal 1986 loss of
+  249,814 dlrs, or two cts a share, instead of the reported
+  26,195 dlrs profit.
+  
+
diff --git a/reuters/training/10151 b/reuters/training/10151
new file mode 100644
index 0000000000000000000000000000000000000000..eb13bf885764ad181116d43a6b8a5726c7608a60
--- /dev/null
+++ b/reuters/training/10151
@@ -0,0 +1,12 @@
+CALIFORNIA MICRO <CAMD>, GRUMMAN <GQ> SET PACT
+  California Micro Devices Corp
+  said it has signed an agreement with Grumman Corp's Tachonics
+  Corp unit to develop and product gallium arsenide
+  seminconductor chips.
+      Under the pact, California Micro Devices will design the
+  chips and Tachonics will manufacture them.
+      Initial products to be developed will be gate arrays with
+  500 to 2,500 gate complexity and radiation hardening
+  capabilities, the company said.
+  
+
diff --git a/reuters/training/10153 b/reuters/training/10153
new file mode 100644
index 0000000000000000000000000000000000000000..e82c0c856d92651d7ce0af529c0eeb4f1aa60ff7
--- /dev/null
+++ b/reuters/training/10153
@@ -0,0 +1,5 @@
+N.Y. BUSINESS LOANS FALL 222 MLN DLRS IN MARCH 18 WEEK, FED SAYS
+
+  N.Y. BUSINESS LOANS FALL 222 MLN DLRS IN MARCH 18 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/10154 b/reuters/training/10154
new file mode 100644
index 0000000000000000000000000000000000000000..005855ae70749bcabd16db6695cecd26f9a9bfe4
--- /dev/null
+++ b/reuters/training/10154
@@ -0,0 +1,5 @@
+U.S. COMMERCIAL PAPER RISES 35 MLN DLRS IN MARCH 18 WEEK, FED SAYS
+
+  U.S. COMMERCIAL PAPER RISES 35 MLN DLRS IN MARCH 18 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/10155 b/reuters/training/10155
new file mode 100644
index 0000000000000000000000000000000000000000..1f007116daeb93bdf57aa554e0a0d01b0bb1bfbe
--- /dev/null
+++ b/reuters/training/10155
@@ -0,0 +1,13 @@
+NEW YORK BUSINESS LOANS FALL 222 MLN DLRS
+  Commercial and industrial loans on the
+  books of the 10 major New York banks, excluding acceptances,
+  fell 222 mln dlrs to 64.05 billion in the week ended March 18,
+  the Federal Reserve Bank of New York said.
+      Including acceptances, loans fell 390 mln dlrs to 64.74
+  billion.
+      Commercial paper outstanding nationally rose 35 mln dlrs to
+  339.04 billion.
+      National business loan data are scheduled to be released on
+  Friday.
+  
+
diff --git a/reuters/training/10156 b/reuters/training/10156
new file mode 100644
index 0000000000000000000000000000000000000000..0f1123e875a2661611882b21710d2f0d0ad12c1b
--- /dev/null
+++ b/reuters/training/10156
@@ -0,0 +1,9 @@
+N.Y. BANK DISCOUNT BORROWINGS NIL IN WEEK
+  The eight major New York City banks
+  did not borrow from the Federal Reserve in the week ended
+  Wednesday March 25, a Fed spokesman said.
+      It was the second half of a two-week bank statement period
+  that ended on Wednesday. The banks did not borrow in the first
+  week of the period.
+  
+
diff --git a/reuters/training/10158 b/reuters/training/10158
new file mode 100644
index 0000000000000000000000000000000000000000..1fd1d9163cc75acebb7cdc1c7b338e9257eeb9dd
--- /dev/null
+++ b/reuters/training/10158
@@ -0,0 +1,12 @@
+AMERICANTURE <AAIX> BUYS AMERICAN ADVENTURE
+  Americanture Inc said it has
+  purchased American Adventure Inc <GOAQC> for cash, the
+  assumption of liabilities and the issuance of American
+  Adventure Inc common and preferred stock to creditors,
+  shareholders and members.
+      The acquisition was pursuant of a Chapter 11 reorganization
+  plan of American Adventure.
+      The company said the transaction involved assets valued at
+  more than 83 mln dlrs.
+  
+
diff --git a/reuters/training/1016 b/reuters/training/1016
new file mode 100644
index 0000000000000000000000000000000000000000..63e8afc4449f57226b3deef5d89c8fdcc14a1a94
--- /dev/null
+++ b/reuters/training/1016
@@ -0,0 +1,10 @@
+AMERICAN STORES <ASC> SEES LOWER YEAR NET
+  American Stores Co said it
+  expects to report earnings per share of 3.70 to 3.85 dlrs per
+  share on sales of slightly over 14 billion dlrs for the year
+  ended January 31.
+      The supermarket chain earned 4.11 dlrs per share on sales
+  of 13.89 billion dlrs last year.
+      The company did not elaborate.
+  
+
diff --git a/reuters/training/10162 b/reuters/training/10162
new file mode 100644
index 0000000000000000000000000000000000000000..c191bb7e76527598fd2ed8a23773c615b7131059
--- /dev/null
+++ b/reuters/training/10162
@@ -0,0 +1,6 @@
+CAMPBELL SOUP CO <CPB> SETS QUARTERLY DIVIDEND
+  Qtly div 36 cts vs 36 cts
+      Pay April 30
+      Record April 7
+  
+
diff --git a/reuters/training/10163 b/reuters/training/10163
new file mode 100644
index 0000000000000000000000000000000000000000..93d7b1dfe7f9f03de5fa95c0ae6b890424d202e2
--- /dev/null
+++ b/reuters/training/10163
@@ -0,0 +1,9 @@
+EQUITABLE RESOURCES INC <EQT> IN REGULAR PAYOUT
+  Qtly div 30 cts vs 30 cts prior
+      Pay June one
+      Record May eight
+      NOTE: Current dividend is equivalent to previous quarterly
+  dividend of 45 cts per share, after giving effect to 3-for-2
+  stock split effective March 3, 1987.
+  
+
diff --git a/reuters/training/10165 b/reuters/training/10165
new file mode 100644
index 0000000000000000000000000000000000000000..e6d4bc6481ca786bbd7ae4e418a03de5239ec2e7
--- /dev/null
+++ b/reuters/training/10165
@@ -0,0 +1,15 @@
+ELECTROSOUND GROUP INC <ESG>3RD QTR FEB 28 LOSS
+  Oper shr loss one cts vs loss five cts
+      Oper net loss 15,000 vs loss 79,000
+      Revs 6,244,000 vs 8,148,000
+      Avg shrs 1,912,000 vs 1,537,000
+      Nine mths
+      Oper shr profit 19 cts vs profit 22 cts
+      Oper net profit 347,000 vs profit 341,000
+      Revs 22.6 mln vs 28.5 mln
+      Avg shrs 1,840,000 vs 1,537,000
+     
+      Note: Oper excludes tax losses of 13,000 vs 85,000 for qtr
+  and tax credits of 258,000 vs 235,000 for nine mths.
+  
+
diff --git a/reuters/training/10168 b/reuters/training/10168
new file mode 100644
index 0000000000000000000000000000000000000000..b61f4fa4ffb637e81c1da9a6b2c38cb3738b92ba
--- /dev/null
+++ b/reuters/training/10168
@@ -0,0 +1,42 @@
+BP <BP> MAY HAVE TO RAISE BID -  ANALYSTS
+  British Petroleum Co PLC may have to
+  raise its planned 70 dlrs a share tender offer for the publicly
+  traded shares of Standard Oil Co <SRD>, analysts said.
+      "There's a lot of speculation here that someway or other
+  they would be forced to come up with another bid," said Rosario
+  Ilaqua of L.F. Rothschild.
+      And despite BP managing director David Simon's denial today
+  that BP would raise the offer, the analysts said that remained
+  a distinct possibility.
+      Analysts said they base their thinking on Royal Dutch/Shell
+  Group's <RD> <SC> bid to buy the outstanding stake of Shell Oil
+  Co in 1984 and 1985. Royal Dutch/Shell eventually raised its
+  initial 55 dlrs a share offer to 60 dlrs a share, after
+  lawsuits by minority shareholders.
+      "I think they're going to have to go a little higher
+  eventually, just as Royal Dutch/Shell had to go a little higher
+  for the Shell Oil minority shares," Bruce Lazier of Prescott
+  Ball and Turben said. He estimated a price of 75 dlrs a share.
+      Royal Dutch/Shell offered 55 dlrs a share for the 30.5 pct
+  of Shell Oil it did not already own in January of 1984. After
+  objections from minority shareholders about the price, Royal
+  Dutch/Shell raised its bid and began a 58 dlrs a share tender
+  offer in April 1984.
+      But shareholders sued and a court blocked completion of the
+  offer. After months of wrangling over the worth of Shell Oil,
+  Royal Dutch/Shell agreed to another two dlrs increase.
+      It ended up paying 5.67 billion dlrs for the outstanding
+  Shell Oil stake, a significant premium to its original bid of
+  about 5.2 billion dlrs.
+      The analysts made their comments before Simon's remarks at
+  a BP press conference in New York this afternoon.
+      Sanford Margoshes of Shearson Lehman Brothers Inc told
+  clients this morning that a sweetened offer was possible. The
+  analyst said the bid could be raised by two dlrs a share.
+      Analysts do not expect regulatory hurdles because of the
+  Royal Dutch/Shell group precedent. But there may be shareholder
+  lawsuits for the same reason, they said.
+      Goldman Sachs and Co, BP's investment advisor, advised the
+  Shell Oil board in 1984 and 1985.
+  
+
diff --git a/reuters/training/1017 b/reuters/training/1017
new file mode 100644
index 0000000000000000000000000000000000000000..4a6222fe18413e5af0093c9cca07286ac39a8160
--- /dev/null
+++ b/reuters/training/1017
@@ -0,0 +1,6 @@
+KASLER CORP <KASL> 1ST QTR JAN 31 NET
+  Shr profit three cts vs loss seven cts
+      Net profit 161,000 vs loss 367,000
+      Revs 24.3 mln vs 26.5 mln
+  
+
diff --git a/reuters/training/10171 b/reuters/training/10171
new file mode 100644
index 0000000000000000000000000000000000000000..ab2603f2288363ec74206e834b6babc0cc4ebc68
--- /dev/null
+++ b/reuters/training/10171
@@ -0,0 +1,10 @@
+VIACOM <VIA> SETS RECORD DATE FOR MERGER VOTE
+  Viacom International Inc said it set
+  April 6 as the record date for shareholders entitled to vote at
+  a special meeting to be held to vote on the proposed merger of
+  Arsenal Acquiring Corp, a wholly-owned subsidiary of <Arsenal
+  Holdings Inc> into Viacom.
+      It said the date of the special meeting has not yet been
+  determined.
+  
+
diff --git a/reuters/training/10172 b/reuters/training/10172
new file mode 100644
index 0000000000000000000000000000000000000000..8c59f8fab366f49a4780f5d70a780d3812ebf485
--- /dev/null
+++ b/reuters/training/10172
@@ -0,0 +1,13 @@
+NO GRAIN SHIPMENTS TO THE USSR -- USDA
+  There were no shipments of U.S.
+  grain or soybeans to the Soviet Union in the week ended March
+  19, according to the U.S. Agriculture Department's latest
+  Export Sales report.
+       The USSR has purchased 2.40 mln tonnes of U.S. corn for
+  delivery in the fourth year of the U.S.-USSR grain agreement.
+       Total shipments in the third year of the U.S.-USSR grains
+  agreement, which ended September 30, amounted to 152,600 tonnes
+  of wheat, 6,808,100 tonnes of corn and 1,518,700 tonnes of
+  soybeans.
+  
+
diff --git a/reuters/training/10173 b/reuters/training/10173
new file mode 100644
index 0000000000000000000000000000000000000000..97ab258e41c89594d61ffe7a6493c7fd3894f83f
--- /dev/null
+++ b/reuters/training/10173
@@ -0,0 +1,13 @@
+COURIER <CRRC> SEES SECOND QUARTER LOSS
+  Courier Corp said it expects to
+  report a small loss for the second fiscal quarter against a
+  profit of 828,000 dlrs a year ago.
+      The company attributed the loss to competitive pressures
+  which have cut gross margins. In addition, it said it is
+  incurring significant expenses from management programs aimed
+  at reducing costs and boosting productivity.
+      It said its Murray Printing Co unit has undertaken a
+  program of extended work hours, and salary and job cuts which
+  will save more than 1.5 mln dlrs annually.
+  
+
diff --git a/reuters/training/10174 b/reuters/training/10174
new file mode 100644
index 0000000000000000000000000000000000000000..992385eda6e957ebff5ba359ffcba8833193a6b8
--- /dev/null
+++ b/reuters/training/10174
@@ -0,0 +1,13 @@
+CONTINUING CARE ASSOCIATES <CONC> 4TH QTR NET
+  Shr four cts vs two cts
+      Net 59,700 vs 27,300
+      Revs 3,123,900 vs 1,911,900
+      12 mths
+      Shr six cts vs nine cts
+      Net 94,100 vs 81,600
+      Revs 9,802,000 vs 5,922,000
+      NOTE: qtr 1986 and qtr prior includes tax gain 9,000 and
+  1,900, respectively; and year 1986 and year prior includes tax
+  gain 18,000 and 21,000, respectively.
+  
+
diff --git a/reuters/training/10175 b/reuters/training/10175
new file mode 100644
index 0000000000000000000000000000000000000000..a0bc1cbc91f0cd1fef268c589ce13f8f014b32be
--- /dev/null
+++ b/reuters/training/10175
@@ -0,0 +1,42 @@
+USDA COMMENTS ON EXPORT SALES REPORT
+  Corn sales of 2,806,300 tonnes in
+  the week ended March 19 were the highest level since
+  mid-November, 1979, the U.S. Agriculture Department said.
+      The department said the USSR dominated the week's activity
+  with purchases of 1.4 mln tonnes (which were earlier reported
+  under the daily reporting system). Other large increaes were
+  posted for Japan and unknown destinations, it said.
+      Taiwan purchased 296,300 tonnes for the 1986/87 season and
+  170,000 tonnes for the 1987/88 season, it said.
+      Wheat sales of 317,200 tonnes for the current season and
+  125,000 tonnes for the 1987/88 season were down about one-third
+  from the preceding week and the four-week average.
+      Wheat sales to China of 60,000 tonnes were switched from
+  1986/87 to the 1987/88 season, it noted.
+      Soybean sales of 483,100 tonnes were 11 pct above the prior
+  week and two-thirds above the four-week average.
+      Japan, the Netherlands, Mexico and Portugal were the main
+  buyers, the department said.
+      Soybean cake and meal sales of 289,400 tonnes were
+  two-thirds above the previous week and the largest of the
+  marketing year, with Venezuela the dominant purchaser.
+      Sales activity in soybean oil resulted in decreases of
+  4,400 tonnes, as reductions for unknown destinations more than
+  offset increases for Canada, the Dominican Republic and Panama,
+  the department said.
+      Cotton sales of 57,900 running bales -- 43,800 bales for
+  the current year and 14,200 bales for the 1987/88 season --
+  were off 25 pct from the previous week and 50 pct from the
+  four-week average.
+      Turkey, Thailand, South Korea and Canada were the major
+  buyers for the current season, while Thailand, Britain and
+  Japan were the major purchasers from the upcoming season, the
+  department said.
+       Sorghum sales of 178,800 tonnes were two-thirds above the
+  prior week and 75 pct over the four-week average.
+      Venezuela was the leading buyer it said.
+      Sales of 41,800 tonnes of barley were 10 times the previous
+  week and 10 pct greater than  the four-week average. Israel,
+  Cyprus and Saudi Arabia were the main buyers, it said.
+  
+
diff --git a/reuters/training/10176 b/reuters/training/10176
new file mode 100644
index 0000000000000000000000000000000000000000..6cea7bd0623fd794880578f934851f346427f0e1
--- /dev/null
+++ b/reuters/training/10176
@@ -0,0 +1,5 @@
+U.S. M-1 MONEY SUPPLY RISES 1.2 BILLION  DLRS IN MARCH 16 WEEK, FED SAYS
+
+  U.S. M-1 MONEY SUPPLY RISES 1.2 BILLION  DLRS IN MARCH 16 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/10177 b/reuters/training/10177
new file mode 100644
index 0000000000000000000000000000000000000000..4bbdea0f17df2b220d26935f51a45393292a4bfe
--- /dev/null
+++ b/reuters/training/10177
@@ -0,0 +1,5 @@
+U.S. BANK DISCOUNT BORROWINGS AVERAGE 302 MLN DLRS A DAY IN MARCH 25 WEEK, FED SAYS
+
+  U.S. BANK DISCOUNT BORROWINGS AVERAGE 302 MLN DLRS A DAY IN MARCH 25 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/10178 b/reuters/training/10178
new file mode 100644
index 0000000000000000000000000000000000000000..b6fcab379ff7181b33e03155a80053d02e61a0a5
--- /dev/null
+++ b/reuters/training/10178
@@ -0,0 +1,5 @@
+U.S. BANK NET FREE RESERVES 603 MLN DLRS IN TWO WEEKS TO MARCH 25, FED SAYS
+
+  U.S. BANK NET FREE RESERVES 603 MLN DLRS IN TWO WEEKS TO MARCH 25, FED SAYS
+  
+
diff --git a/reuters/training/10180 b/reuters/training/10180
new file mode 100644
index 0000000000000000000000000000000000000000..409c8937546588921738e20999c4d5ef4bea2819
--- /dev/null
+++ b/reuters/training/10180
@@ -0,0 +1,9 @@
+VALLEY FEDERAL <VFED> SPLITS STOCK TWO-FOR-ONE
+  Valley Federal Savings and
+  Loan Association said its board declared a two-for-one stock
+  split for its common stock.
+      The split will be effected in the form of a 100 pct stock
+  dividend, to be issued April 30 to stockholders of record March
+  31.
+  
+
diff --git a/reuters/training/10181 b/reuters/training/10181
new file mode 100644
index 0000000000000000000000000000000000000000..3cdcd2d1a07ce0cb507093554b721d7055704b5f
--- /dev/null
+++ b/reuters/training/10181
@@ -0,0 +1,10 @@
+ATCOR <ATCO> CUTS DIVIDEND
+  Atcor Inc said it cut its
+  quarterly dividend to three cts per share from 12 cts because
+  of depressed earnings.
+      The dividend is payable April 15 to holders of record April
+  6.
+      It said it will continue to review the dividend on a
+  quarterly basis.
+  
+
diff --git a/reuters/training/10183 b/reuters/training/10183
new file mode 100644
index 0000000000000000000000000000000000000000..17028b2262db359e242554dec20c6f82f9c61258
--- /dev/null
+++ b/reuters/training/10183
@@ -0,0 +1,12 @@
+U.S. M-1 MONEY SUPPLY RISES 1.2 BILLION DLR
+  U.S. M-1 money supply rose 1.2 billion
+  dlrs to a seasonally adjusted 740.2 billion dlrs in the March
+  16 week, the Federal Reserve said.
+      The previous week's M-1 level was revised to 739.0 billion
+  dlrs from 738.7 billion, while the four-week moving average of
+  M-1 rose to 739.1 billion dlrs from 738.3 billion.
+      Economists polled by Reuters said that M-1 would rise
+  anywhere from 700 mln dlrs to three billion dlrs. The average
+  forecast called for a 1.8 billion dlr increase.
+  
+
diff --git a/reuters/training/10185 b/reuters/training/10185
new file mode 100644
index 0000000000000000000000000000000000000000..00534b61c5b9d08002481ec9bdc4a701e7dc9d21
--- /dev/null
+++ b/reuters/training/10185
@@ -0,0 +1,10 @@
+TERRANO CORP <TRNO> YEAR DEC 31 OPER NET
+  Oper shr profit 12 cts vs loss 1.15 dlrs
+      Oper net profit 300,286 vs loss 2,855,887
+      Revs 2,456,616 mln vs 2,979,206
+      Avg shrs 2,527,720 vs 2,482,197
+      NOTE: 1986 earnings exclude extraordinary gain from
+  forgiveness of debt through reorganization under Chapter 11 of
+  280,505 dlrs, or 11 cts a share
+  
+
diff --git a/reuters/training/10186 b/reuters/training/10186
new file mode 100644
index 0000000000000000000000000000000000000000..301c1caba8b7a0948a10bdf162a4d51a9f1af65a
--- /dev/null
+++ b/reuters/training/10186
@@ -0,0 +1,6 @@
+ATCOR INC <ATCO> CUT DIVIDEND
+  Qtly div three cts vs 12 cts prior
+      Pay April 15
+      Record April 6
+  
+
diff --git a/reuters/training/1019 b/reuters/training/1019
new file mode 100644
index 0000000000000000000000000000000000000000..9a32e2ac46ce9c4e8df7af503209fe0e17a9791c
--- /dev/null
+++ b/reuters/training/1019
@@ -0,0 +1,47 @@
+UNILEVER HAS IMPROVED MARGINS, VOLUMES IN 1986
+  Unilever Plc <UN.A> and NV group reported
+  improvements in margins and underlying sales volume growth of
+  five pct in 1986 after stripping out the effects of falling
+  prices, disposals and currency movements, Unilever Plc chairman
+  Michael Angus said.
+      He told reporters that volumes in North America increased
+  some 10.5 pct while European consumer goods rose about 2.5 pct
+  after being flat for some years.
+      Much of the disposal strategy, aimed at concentrating
+  activities on core businesses, had now been completed, he
+  noted.
+      But the process of acquisitions would go on, with strategic
+  acquisitions taking place "from time to time," he said.
+      The company earlier reported a 20 pct rise in pre-tax
+  profits for 1986 to 1.14 billion stg from 953 mln previously.
+  In guilder terms, however, profits at the pre-tax level dropped
+  three pct to 3.69 billion from 3.81 billion.
+      Angus said the recent purchase of Chesebrough-Pond's Inc
+  <CBM.N> for 72.50 dlrs a share was unlikely to bring any
+  earnings dilution.
+      However, it would not add much to profits, with much of the
+  company's operating profits paying for the acquisition costs.
+      Finance director Niall Fitzgerald added that while gearing
+  - debt to equity plus debt - rose to about 60 pct at end 1986
+  from 35 pct last year, this was expected to drop back to about
+  40 pct by end-1987.
+      The same divergence was made in full year dividend, with
+  Unilever NV's rising 3.4 pct to 15.33 guilders and Unilever
+  Plc's increasing 29.9 pct to 50.17p, approximately in line with
+  the change in attributable profit.
+      Angus said the prospectus for the sale of parts of
+  Chesebrough was due to be published shortly. However, he said
+  that there was no target date for completing the process.
+      He also declined to say what sort of sum Unilever hoped to
+  realise from the operation, beyond noting that Chesebrough had
+  paid around 1.25 billion dlrs for Stauffer Chemical Co, which
+  operates outside Unilever's core activities.
+      In the U.S., Organic growth from the Lipton Foods business,
+  considerable expansion in the household products business and
+  in margarine had been behind the overall sales increase.
+      However, he noted that the U.S. Household products business
+  had turned in a planned loss, with fourth quarter performance
+  better than expected despite the anticipated heavy launch costs
+  of its Surf detergents.
+  
+
diff --git a/reuters/training/10190 b/reuters/training/10190
new file mode 100644
index 0000000000000000000000000000000000000000..2725151bf8c71d647294177eb046a6456ff769ee
--- /dev/null
+++ b/reuters/training/10190
@@ -0,0 +1,35 @@
+STANDARD OIL <SRD> SEES BOOST IN 1987 CASH FLOW
+  Standard Oil Co expects the sale of
+  assets and federal tax refunds resulting from last year's loss
+  to add about one billion dlrs to its normal cash flows from
+  operations in 1987, its annual report said.
+      Last year, the report noted, the cash flow from operations
+  dropped to 1.8 billion dlrs from 3.5 billion dlrs in 1985 and
+  3.2 billion dlrs in 1984 due principally to lower oil prices.
+      The report, prepared before British Petroleum Co Plc <BP>
+  disclosed plans to seek the rest of Standard's stock, put 1987
+  capital spending at 1.6 billion dlrs, down from the 1.7 billion
+  dlrs projected in January.
+      Standard's capital spending totaled 1.77 billion dlrs in
+  1986.
+      The report showed a decline in proven oil reserves to 2.41
+  billion barrels at the end of 1986 from 2.65 billion barrels a
+  year earlier as discoveries and other additions dropped to 11.4
+  mln barrels last year from 23.2 mln in 1985.
+      But it said gas reeserves rose to 7.31 trillion cubic feet
+  from 7.22 trillion at the end of 1985 despite a 30.9 mln cubic
+  feet downward revision in previous reserve estimates during
+  1986. Discoveries and other additions totaled 200.5 billion
+  cubic feet last year, up from 175.9 billion in 1985, it added.
+      Standard said both oil and gas production increased last
+  year -- to 726,600 barrels per day from 719,700 barrels the
+  previous day and to 154.4 mln cubic feet daily from 10.1 mln in
+  1985.
+      But the average sales price of both dropped -- to 13.83
+  dlrs per barrel from 26.43 dlrs for oil in 1985 and to 1.49
+  dlrs per thousand cubic feet from 2.18 dlrs a year earlier.
+      Standard said its refined product sales also rose last
+  year, to 644,500 barrels per day from 604,200 barrels daily in
+  1985.
+  
+
diff --git a/reuters/training/10191 b/reuters/training/10191
new file mode 100644
index 0000000000000000000000000000000000000000..f0d17205843540ceac09d25f55e72f11398984e9
--- /dev/null
+++ b/reuters/training/10191
@@ -0,0 +1,25 @@
+FORMER HERSTATT DEALER CAN BE SUED, COURT RULES
+  The former chief currency
+  dealer of Herstatt Bank, which collapsed in 1974 on foreign
+  exchange speculation in West Germany's biggest banking crash,
+  can stand trial for damages, a court ruled.
+      The court overturned a claim by Danny Dattel that a case
+  for damages should not be allowed after such a long interval.
+      Herstatt creditors are seeking 12.5 mln marks from Dattel,
+  whom they accuse of causing losses at the bank of over 500 mln
+  marks by manipulating forward foreign exchange contracts.
+      The crash of the private Herstatt bank with losses of over
+  one billion marks stunned West Germany's business community,
+  and led to a tightening of banking regulations.
+      The losses were even greater than the 480 mln marks
+  announced recently by Volkswagen as a result of fraud in
+  currency transactions.
+      Ivan Herstatt, managing director of the bank when it
+  collapsed, was sentenced to four and a half years in prison in
+  1984 but appealed. Six other people associated with the bank
+  were jailed in 1983.
+      But Dattel was freed from prosecution after he produced
+  medical evidence of paranoia caused by Nazi persecution during
+  his childhood, which might have led him to take his own life.
+  
+
diff --git a/reuters/training/10192 b/reuters/training/10192
new file mode 100644
index 0000000000000000000000000000000000000000..4388db7c3dbda6d76ac3cf11bca4f2f5521b1204
--- /dev/null
+++ b/reuters/training/10192
@@ -0,0 +1,36 @@
+NEXT FEW MONTHS CRUCIAL FOR OIL - HERNANDEZ
+  Energy and Mines Minister Arturo
+  Hernandez Grisanti today told a meeting of regional oil
+  exporters the next few months will be critical to efforts to
+  achieve price recovery and stabilize the market.
+       Hernandez said while OPEC and non-OPEC nations have
+  already made some strides in their efforts to strengthen the
+  market, the danger of a reversal is always present.
+      "March and the next two or three months will be a really
+  critical period," Hernandez said. He said, "We will be able to
+  define a movement, either towards market stability and price
+  recovery or, depending on the market, a reversal."
+      Earlier this week, Hernandez said Venezuela's oil price has
+  averaged just above 16 dlrs a barrel for the year to date. If
+  OPEC achieves its stated goal of an 18 dlrs a barrel average
+  price, he said, Venezuela's should move up to 16.50 dlrs.
+      Hernandez spoke today at the opening of the fifth
+  ministerial meeting of the informal group of Latin American and
+  Caribbean oil exporters, formed in 1983.
+      Ministers from member states Ecuador, Mexico,
+  Trinidad-Tobago and Venezuela are attending the two day
+  conference, while Colombia is present for the first time as an
+  observer.
+      Hernandez defined the meeting as an informal exchange of
+  ideas about the oil market. However, the members will also
+  discuss ways to combat proposals for a tax on imported oil
+  currently before the U.S. Congress.
+      Following the opening session, the group of ministers met
+  with President Jaime Lusinchi at Miraflores, the presidential
+  palace. The delegations to the conference are headed by
+  Hernandez of Venezuela, Energy Minister Javier Espinosa of
+  Ecuador, Energy Minister Kelvin Ramnath of Trinidad-Tobago,
+  Jose Luis Alcudiai, assistant energy secretary of Mexico and
+  Energy Minister Guilermno Perry Rubio of Colombia.
+  
+
diff --git a/reuters/training/10196 b/reuters/training/10196
new file mode 100644
index 0000000000000000000000000000000000000000..61cfdd58f95945b874002e74d37da406fa3773f4
--- /dev/null
+++ b/reuters/training/10196
@@ -0,0 +1,10 @@
+HOWARD B. WOLF INC <HBW> 3RD QTR FEB 28 NET
+  Shr two cts vs three cts
+      Net 21,080 vs 35,393
+      Revs 2,026,017 vs 2,476,068
+      Nine mths
+      Shr five cts vs six cts
+      Net 48,567 vs 59,527
+      Revs 6,231,242 vs 6,519,473
+  
+
diff --git a/reuters/training/10197 b/reuters/training/10197
new file mode 100644
index 0000000000000000000000000000000000000000..1cda63fccc1aec4cc36169308e70fe3e1253f7cf
--- /dev/null
+++ b/reuters/training/10197
@@ -0,0 +1,14 @@
+BURR-BROWN <BBRC> SEES LOWER 1ST QTR EARNINGS
+  Burr-Brown Corp said its first
+  quarter 1987 results will show profits significantly below the
+  1,058,000 dlrs, or 11 cts per share, earned in the first
+  quarter last year.
+      The company said the profit decline will be the result of
+  an increase in reserves for inventory valuation. The increase
+  will be to cover potential write-downs of certain inventories
+  or products used in compact-disc stereo systems.
+      Burr-Brown said the possible write-down is being
+  precipitated by a shift in market demand toward higher
+  performance products.
+  
+
diff --git a/reuters/training/102 b/reuters/training/102
new file mode 100644
index 0000000000000000000000000000000000000000..56f66ec3fbee873b4f839e791f2d20844ef4919e
--- /dev/null
+++ b/reuters/training/102
@@ -0,0 +1,3 @@
+26-FEB-1987
+  26-FEB-1987
+
diff --git a/reuters/training/1020 b/reuters/training/1020
new file mode 100644
index 0000000000000000000000000000000000000000..e727cb19fbbf69cc558e456239c18023c4974f32
--- /dev/null
+++ b/reuters/training/1020
@@ -0,0 +1,14 @@
+SARA LEE <SLE> TO BUY 34 PCT OF DIM
+  Sara Lee Corp said it agreed to buy a 34
+  pct interest in Paris-based DIM S.A., a subsidiary of BIC S.A.,
+  at a cost of about 84 mln dlrs.
+      DIM S.A., a hosiery manufacturer, had 1985 sales of about
+  260 mln dlrs.
+      The investment includes the purchase of 360,537 newly
+  issued DIM shares valued at about 51 mln dlrs and a loan of
+  about 33 mln dlrs, it said. The loan is convertible into an
+  additional 229,463 DIM shares, it noted.
+      The proposed agreement is subject to approval by the French
+  government, it said.
+  
+
diff --git a/reuters/training/10200 b/reuters/training/10200
new file mode 100644
index 0000000000000000000000000000000000000000..fa1583d3458c99cc2661e01cc4b63aadfa0e5e64
--- /dev/null
+++ b/reuters/training/10200
@@ -0,0 +1,14 @@
+BRAZIL OIL OUTPUT FELL IN FEBRUARY, USAGE UP
+  Brazilian crude oil and
+  liquefied natural gas production fell to an average 583,747
+  barrels per day in February from 596,740 in the same 1986
+  month, the state oil company Petrobras said.
+      The drop was due to operating problems in the Campos Basin,
+  the country's main producing area, where output was down to
+  346,011 bpd from 357,420, a Petrobras statement said.
+      Consumption of oil derivatives totalled 1.14 mln bpd in
+  February, 16.7 pct up on February last year but down from the
+  record 1.22 mln bpd used in October last year. Use of alcohol
+  fuel in February was 208,600 bpd, 42 pct above February, 1986.
+  
+
diff --git a/reuters/training/10201 b/reuters/training/10201
new file mode 100644
index 0000000000000000000000000000000000000000..7a29389ea11d4ff4093b721111f3a962443d7c51
--- /dev/null
+++ b/reuters/training/10201
@@ -0,0 +1,5 @@
+MEDIA GENERAL INC UPS QTLY DIV TO 68 CTS/SHR FROM 64 CTS, SETS STOCK SPLIT
+
+  MEDIA GENERAL INC UPS QTLY DIV TO 68 CTS/SHR FROM 64 CTS, SETS STOCK SPLIT
+  
+
diff --git a/reuters/training/10207 b/reuters/training/10207
new file mode 100644
index 0000000000000000000000000000000000000000..e0a764f9562659b988cd8a4cffbeded99ae20b28
--- /dev/null
+++ b/reuters/training/10207
@@ -0,0 +1,5 @@
+CORRECTED - MEDIA GENERAL INC UPS ANNUAL DIV TO 68 CTS/SHR FROM 64 CTS, SETS STOCK SPLIT (CORRECTS TO SHOW RAISE IN ANNUAL DIV, NOT QTLY)
+
+  CORRECTED - MEDIA GENERAL INC UPS ANNUAL DIV TO 68 CTS/SHR FROM 64 CTS, SETS STOCK SPLIT (CORRECTS TO SHOW RAISE IN ANNUAL DIV, NOT QTLY)
+  
+
diff --git a/reuters/training/10208 b/reuters/training/10208
new file mode 100644
index 0000000000000000000000000000000000000000..01b8ec45917fe5b6c2eb16258a10171ae5816791
--- /dev/null
+++ b/reuters/training/10208
@@ -0,0 +1,10 @@
+CENTRAL CAPITAL PLANS THREE-FOR-TWO STOCK SPLIT
+  <Central Capital Corp> said it planned
+  a three-for-two split of its common and class A subordinate
+  voting shares, subject to shareholder approval at the April 23
+  annual meeting.
+      It said the split would raise the amount of common shares
+  to about 25.2 mln from 16.8 mln and subordinate voting shares
+  to about 23.9 mln from 15.9 mln.
+  
+
diff --git a/reuters/training/10209 b/reuters/training/10209
new file mode 100644
index 0000000000000000000000000000000000000000..ae88f24bc49b1c6602d4624cb05f794a870de742
--- /dev/null
+++ b/reuters/training/10209
@@ -0,0 +1,29 @@
+WHITE HOUSE UNIT DECIDES ON SEMICONDUCTORS
+  The White House Economic Policy
+  Council made a recommendation to President Reagan whether to
+  retaliate against Japan for alleged unfair practices in
+  semiconductor trade, U.S. officials said.
+      They would not disclose the council's recommendation, but
+  the officials said earlier it was likely the council would call
+  for retaliation and urge that curbs be imposed on Japanese
+  exports to the United States.
+      The officials said it might be several days before Reagan
+  would act and his moves made public.
+      The Senate last week unanimously called on Reagan to impose
+  penalities on Japanese exports. Retaliation was also called for
+  by the semiconductor industry and its chief trade union, both
+  hard hit by Japanese semiconductor trade.
+      In a pact last summer, Japan summer agreed to stop dumping
+  its semiconductors at less than cost in the United States and
+  other nations and to open its own market to the U.S. products.
+      In return, the United States agreed to hold up imposing
+  anti-dumping duties on Japanese semiconductor shipments.
+      U.S. officials say that while Japan has stopped dumping
+  semiconductors on the American market, they have continued to
+  dump them in third countries and that the Japanese market has
+  remained all but closed to the U.S. semiconductors.
+  semiconductors on the American market, they have continued to
+  dump them in third countries and that the Japanese market has
+  remained all but closed to the U.S. semiconductors.
+  
+
diff --git a/reuters/training/10211 b/reuters/training/10211
new file mode 100644
index 0000000000000000000000000000000000000000..23ac60b0e7f4c7bb12dce6733b47e0a95c8494ba
--- /dev/null
+++ b/reuters/training/10211
@@ -0,0 +1,10 @@
+NORTHERN INDIANA <NI> 12 MTHS FEB 28 LOSS
+  Shr loss 66 cts vs profit 1.07 dlrs
+      Net loss 20,957,000 vs profit 11,041,000
+      Revs 1.54 billion vs 1.85 billion
+      Avg shrs 73.2 mln vs 71.7 mln
+      NOTE: 1986 net excludes charge of 94.8 mln dlrs or 1.32
+  dlrs a share from abandonment of Bailly nuclear plant.
+      Northern Indiana Public Service Co is full name of company.
+  
+
diff --git a/reuters/training/10213 b/reuters/training/10213
new file mode 100644
index 0000000000000000000000000000000000000000..2a36d8ea6ad21db2ae454b1a79fd272fd6369484
--- /dev/null
+++ b/reuters/training/10213
@@ -0,0 +1,14 @@
+CHAVIN RAISES STAKE IN MYERS (MYR)
+  Chicago real estate developer
+  Leonard Chavin told the Securities and Exchange Commission he
+  had raised his stake in the L.E. Meyers Co Group to 11 pct from
+  9.7 pct.
+      He also said an investment banker repesenting him met with
+  Myers' officers, telling them of his plans for a takeover and
+  that he may solicit proxies for a seat on Myers' board.
+      Chavin also said if he takes control of the firm, it could
+  result in delisting Meyers' from the New York Stock Exchange.
+      He told the SEC that while he is trying to buy or acquire
+  the firm, he still may only hold the shares for an investment.
+  
+
diff --git a/reuters/training/10214 b/reuters/training/10214
new file mode 100644
index 0000000000000000000000000000000000000000..10515eff751bf8f45128e5eca6949dcb5ff5fb1e
--- /dev/null
+++ b/reuters/training/10214
@@ -0,0 +1,25 @@
+CANAMAX, PACIFIC TRANS-OCEAN APPROVE PRODUCTION
+  <Canamax Resources Inc> and <Pacific
+  Trans-Ocean Resources Ltd> said they conditionally approved
+  starting production at their jointly owned Ketza River gold
+  deposit in the Yukon after a study recommended the move.
+      They said production was conditional on approval of a water
+  license and arrangement of appropriate financing. They
+  estimated development costs for the mine and mill would total
+  21.1 mln dlrs, including three mln dlrs of working capital.
+      The feasibility study anticipated gold production of 49,600
+  ounces a year at a cost of 129 Canadian dlrs a short ton, they
+  said.
+      Canamax and Pacific Trans-Ocean said the project would
+  yield a 40 pct after-tax real rate of return at a gold price of
+  400 U.S. dlrs an ounce.
+      They said they would mine 460,000 tonnes of proven and
+  probable mineable reserves of oxide ore grading 0.45 ounce gold
+  ton at a yearly rate of 112,000 tonnes for a mine life of 4.25
+  years.
+      Possible reserves of 75,000 tonnes grading 0.38 ounce gold
+  ton at the break zone would extend mine life by a year, with
+  considerable potential for development of further oxide ore
+  reserves at the deposit, they said.
+  
+
diff --git a/reuters/training/10215 b/reuters/training/10215
new file mode 100644
index 0000000000000000000000000000000000000000..249bfc373fe92f748960f55264bd0343eeb7e938
--- /dev/null
+++ b/reuters/training/10215
@@ -0,0 +1,5 @@
+CAMPBELL RED LAKE MINES LTD 4TH QTR SHR 21 CTS VS 10 CTS
+
+  CAMPBELL RED LAKE MINES LTD 4TH QTR SHR 21 CTS VS 10 CTS
+  
+
diff --git a/reuters/training/10216 b/reuters/training/10216
new file mode 100644
index 0000000000000000000000000000000000000000..08794b7f5be60fd7d771574b5862cc21e0b916f6
--- /dev/null
+++ b/reuters/training/10216
@@ -0,0 +1,25 @@
+GOLD PRODUCTION TO START AT KETZA RIVER
+  Canamax Resources Inc and Pacific
+  Trans-Ocean Resources Ltd said they conditionally approved
+  starting production at their jointly owned Ketza River gold
+  deposit in the Yukon after a study recommended the move.
+      They said production was conditional on approval of a water
+  license and arrangement of appropriate financing. They
+  estimated development costs for the mine and mill would total
+  21.1 mln dlrs, including three mln dlrs of working capital.
+      The feasibility study anticipated gold production of 49,600
+  ounces a year at a cost of 129 Canadian dlrs a short ton, they
+  said.
+      Canamax and Pacific Trans-Ocean said the project would
+  yield a 40 pct after-tax real rate of return at a gold price of
+  400 U.S. dlrs an ounce.
+      They said they would mine 460,000 tonnes of proven and
+  probable mineable reserves of oxide ore grading 0.45 ounce gold
+  per ton at a yearly rate of 112,000 tonnes for a mine life of
+  4.25 years.
+      Possible reserves of 75,000 tonnes grading 0.38 ounce gold
+  per ton at the break zone would extend mine life by a year,
+  with considerable potential for development of further oxide
+  ore reserves at the deposit, they said.
+  
+
diff --git a/reuters/training/10218 b/reuters/training/10218
new file mode 100644
index 0000000000000000000000000000000000000000..3f8df8af10f6ff409a18c5bab660a02ad3b5db44
--- /dev/null
+++ b/reuters/training/10218
@@ -0,0 +1,13 @@
+HONEYWELL <HON> DEBT RISES ON SPERRY BUYOUT
+  Honeywell Inc said its total debt
+  rose by more than 85 pct in 1986, mainly due to its 1.02
+  billion dlr acquisition of the Sperry Aerospace Group.
+      At yearend, according to the company's 1986 annual report,
+  Honeywell's total debt stood at 1.44 billion dlrs, compared
+  with 776.6 mln dlrs in 1985.
+      Honeywell said that if it had acquired the Sperry unit at
+  the beginning of 1986, its loss for the full year would have
+  been 9.88 dlrs a share.
+      Honeywell's actual loss in 1986 was 8.33 dlrs a share.
+  
+
diff --git a/reuters/training/10219 b/reuters/training/10219
new file mode 100644
index 0000000000000000000000000000000000000000..3b317cfe22e44f7e0d91f5f6e2b2b134f40638b8
--- /dev/null
+++ b/reuters/training/10219
@@ -0,0 +1,25 @@
+MCINTYRE MINES <MP> COMPLETES UNIT SALE
+  McIntyre Mines Ltd said it completed
+  the previously announced sale of all shares of wholly owned
+  Smoky River Coal Ltd and certain related assets to Smoky River
+  Holdings Ltd for a nominal cash consideration.
+      McIntyre did not specify the cash amount of the sale.
+      Smoky River Holdings is an Alberta company controlled by
+  Michael Henson, former president and chief executive of
+  McIntyre, the company said.
+      McIntyre said it retained an unspecified royalty interest
+  in Smoky River Coal based on net operating cash flows from the
+  company's coal properties.
+      McIntyre also said it provided a three mln dlr last
+  recourse letter of credit to the Alberta government for Smoky
+  River Coal's reclamation obligations.
+      The credit letter expires either when Smoky River completes
+  three mln dlrs of reclaiming activities or December 31, 1992,
+  which ever occurs first.
+      McIntyre said it also remains contingently liable for
+  certain obligations now totalling about seven mln dlrs, which
+  will reduce over time as Smoky River continues to operate.
+      McIntyre's principal asset continues to be its 14 pct
+  interest in Falconbridge Ltd <FALCF>.
+  
+
diff --git a/reuters/training/1022 b/reuters/training/1022
new file mode 100644
index 0000000000000000000000000000000000000000..471018608995278725a372d58731eeffefbd3276
--- /dev/null
+++ b/reuters/training/1022
@@ -0,0 +1,29 @@
+CHINA CALLS FOR BETTER TRADE DEAL WITH U.S.
+  China called on the United States to
+  remove curbs on its exports, to give it favourable trading
+  status and ease restrictions on exports of high technology.
+      But the U.S. Embassy replied that Chinese figures showing
+  13 years of trade deficits with the U.S. Out of the last 15 are
+  inaccurate and said Peking itself would have to persuade
+  Congress to change laws which limit its exports.
+      The official International Business newspaper today
+  published China's demands in a  editorial to coincide with the
+  visit of U.S. Secretary of State George Shultz.
+      "It is extremely important that the U.S. Market reduce its
+  restrictions on Chinese imports, provide the needed facilities
+  for them and businessmen from both sides help to expand Chinese
+  exports," the editorial said.
+      "The U.S. Should quickly discard its prejudice against
+  favourable tariff treatment for Chinese goods and admit China
+  into the Generalised System of Preference (GSP).
+      "Despite easing of curbs on U.S. Technology exports in
+  recent years, control of them is still extremely strict and
+  influences normal trade between the two countries," it added.
+      The paper also printed an article by China's commercial
+  counsellor in its Washington embassy, Chen Shibiao, who said
+  that "all kinds of difficulties and restrictions" were preventing
+  bilateral trade fulfilling its full potential.
+      He named them as U.S. Protectionist behaviour, curbs on
+  technology transfer and out-of-date trade legislation.
+  
+
diff --git a/reuters/training/10222 b/reuters/training/10222
new file mode 100644
index 0000000000000000000000000000000000000000..33902dd6e970ace57643b4985708fcca757aa9e8
--- /dev/null
+++ b/reuters/training/10222
@@ -0,0 +1,18 @@
+MEDIA GENERAL <MEG.A> UPS DIVIDEND, SETS SPLIT
+  Media General Inc said it raised
+  the annual dividend on its class A and class B common stock to
+  68 cts a share from 64 cts.
+      The company said it also declared a two-for-one stock split
+  of both stock issues, which is subject to shareholder approval
+  of an increase in the number of authorized class A shares.
+      Media General said the increased dividend is payable June
+  12 to shareholders of record May 29.
+      The proposed stock split will be paid May 29 in shares of
+  class A shares, the company said.
+      The company said it also approved an amendment to its
+  articles of incorporation allowing class B shares to be
+  coverted into class A shares at the option of the holder.
+      Media General said the moves should broaden investor
+  interest in its class A stock.
+  
+
diff --git a/reuters/training/10224 b/reuters/training/10224
new file mode 100644
index 0000000000000000000000000000000000000000..ae5dec0b9b0c58160c000f5cb8cadc232a52b5c3
--- /dev/null
+++ b/reuters/training/10224
@@ -0,0 +1,8 @@
+INVESTMENT GROUP UPS STAKE IN SCANDINAVIA <SCF>
+  A multinational shareholder group
+  told the Securities and Exchange Commission it increased its
+  stake in Scandinavia Fund Inc to 35.5 pct, from 30.5 pct.
+      The investors include Ingemar Rydin Industritillbehor AB,
+  of Sweden, and VBI Corp, of the West Indies.
+  
+
diff --git a/reuters/training/10225 b/reuters/training/10225
new file mode 100644
index 0000000000000000000000000000000000000000..f09d29777324c5d4f42f4bf1a1550433ad34ec4c
--- /dev/null
+++ b/reuters/training/10225
@@ -0,0 +1,15 @@
+CAMPBELL RED LAKE MINES LTD <CRK> 4TH QTR NET
+  Shr 21 cts vs 10 cts
+      Net 10,798,000 vs 4,704,000
+      Revs 47.4 mln vs 32.9 mln
+      YEAR
+      Shr 58 cts vs 54 cts
+      Net 29.1 mln vs 25.8 mln
+      Revs 187.7 mln vs 134.7 mln
+      Note: 1986 net includes 2.8 mln dlr extraordinary gain in
+  4th qtr and 6.5 mln dlr fl-yr extraordinary loss involving
+  provision for decline in market value of marketable securities
+  partly offset by gain from sale of stake in Dome Petroleum Ltd
+  <DMP>.
+  
+
diff --git a/reuters/training/10227 b/reuters/training/10227
new file mode 100644
index 0000000000000000000000000000000000000000..80667f302762d04b0838f28aa771e143679b8414
--- /dev/null
+++ b/reuters/training/10227
@@ -0,0 +1,8 @@
+(CORRECTED)-<AMERICAN VARIETY INTERNATIONAL INC>
+  Shr loss seven cts vs profit 11 cts
+      Net loss 76,888 vs profit 106,885
+      Revs 752,234 vs 922,036
+      (corrects year ago per share to profit, instead of loss in
+  item that ran on March 23)
+  
+
diff --git a/reuters/training/10228 b/reuters/training/10228
new file mode 100644
index 0000000000000000000000000000000000000000..4d48ccd120d3ec8ba6b4806cd60371721fd52a66
--- /dev/null
+++ b/reuters/training/10228
@@ -0,0 +1,52 @@
+OIL EXECUTIVES SEE GRADUAL RISE IN PRICES
+  Top executives with Tenneco Corp <TGT>
+  and Sabine Corp <SAB> said they expected world oil prices to
+  gradually increase over the next two years as U.S. reliance on
+  imports of oil from the Middle East grows.
+       "I believe we have bottomed out and can look forward to a
+  trend of gradually increasing prices," C.W. Nance, president of
+  Tenneco Oil Exploration and Production, told a meeting of the
+  Petroleum Equipment Suppliers Association.
+       Nance predicted that by 1990, the Organization of
+  Producing and Exporting Countries would be producing at the
+  rate of 80 pct of capacity.
+      The gain will come largely through increased imports to the
+  United States, he said.
+      "They will be able to raise the price again but I do not
+  think they will raise it as much as they did in 1979," Nance
+  said. He did not say how much of a price hike he expected.
+       Andrew Shoup, chairman of Dallas-based Sabine, predicted
+  that world oil prices would increase from a range of 15 to 20
+  dlrs a barrel in 1987 to a range of 17 to 22 dlrs a barrel in
+  1988. Natural gas prices, Shoup said, should similarly climb
+  from a range of 1.30 to 1.70 dlrs per mcf this year to between
+  1.50 and 1.90 dlrs per mcf in 1988.
+       "Fuel switching could help us as much as five pct in
+  increased demand," Shoup said, referring to the gas industry's
+  outlook for 1987. Repeal of the Fuel Use Act, a federal law
+  prohibiting the use of natural gas in new manufacturing plants
+  and utilities, could increase demand for gas by as much as 15
+  pct, he said.
+       Tenneco's Nance also said that some U.S. cities may
+  experience peak day shortages in natural gas supplies next
+  winter because of the industry's reduced deliverability.
+       Tenneco's gas deliverability, for example, dropped by 20
+  pct during 1986, he said.
+       "This does not mean the gas bubble is gone," Nance said.
+  "We believe gas prices have bottomed out. The real question is
+  how broad the valley is -- is it one year, two years or three
+  years before we start to climb out?"
+        J.C. Walter of <Walter Oil and Gas Corp>, said the recent
+  improvement in oil prices was not enough for independent
+  producers to begin new onshore drilling projects.
+       "If crude oil stays below 20 dlrs a barrel and 1.50 dlr
+  per mcf for natural gas prevails, the prospects for onshore
+  exploration at deeper depths in the Texas Gulf Coast by
+  independents in the 1990s are pretty dismal," Walter said.
+       He suggested that some independents may instead turn to
+  exploration in shallow federal offshore leases. Farm-out
+  agreements, cheap rig rates and less competition have held
+  finding costs in those areas to five or six dlrs a barrel,
+  Walter said.
+  
+
diff --git a/reuters/training/1023 b/reuters/training/1023
new file mode 100644
index 0000000000000000000000000000000000000000..c2f3b86f6de58e17c9dc4c6c7913102481d0df1b
--- /dev/null
+++ b/reuters/training/1023
@@ -0,0 +1,13 @@
+U.S. COMMERCE SECRETARY SAYS EXPORT RISE NEEDED
+  Commerce Secretary Malcolm Baldrige
+  said after the release of a sharply lower January leading
+  indicator index that a pickup in exports is needed.
+      "The best tonic for the economy now would be a pickup in net
+  exports," he said in a statement after the department reported
+  the index fell 1.0 pct in January from December, the sharpest
+  drop since a 1.7 pct fall in July, 1984.
+      The main reasons for the January decline after a 2.3 pct
+  December rise were declines in building permits, new orders for
+  plant and equipment and for consumer and industrial goods.
+  
+
diff --git a/reuters/training/10230 b/reuters/training/10230
new file mode 100644
index 0000000000000000000000000000000000000000..64e8612ab79e84138c929fdf41d52110a6fff67d
--- /dev/null
+++ b/reuters/training/10230
@@ -0,0 +1,50 @@
+REPORT SAYS SOVIET ECONOMIC PLANS TOO OPTIMISTIC
+  The Soviet economy has grown at an
+  increased rate under Mikhail Gorbachev's leadership, but his
+  goals may be too ambitious, according to a report from U.S.
+  intelligence agencies.
+      The report was prepared jointly by the Central Intelligence
+  Agency and the Defense Intelligence Agency for the
+  Congressional Joint Economic committee, which released it.
+      It said the Soviet economy grew by 4.2 pct in 1986,
+  Gorbachev's first full year in power, twice the average rate of
+  growth over the previous 10 years.
+      Gorbachev's policies to improve worker attitudes, remove
+  incompetent officials, reduce corruption and alcoholism and
+  modernize the country's industrial equipment accounted for some
+  of the gains, the report said.
+      "Although many of the specific policies Gorbachev has
+  adopted are not new, the intensity Gorbachev has brought to his
+  efforts and his apparent commitment to finding long-term
+  solutions are attributes that his immediate predecessors
+  lacked. Nonetheless, Gorbachev's program appears too ambitious
+  on a number of counts," the report said.
+      Earlier this week, two U.S. experts on the Soviet Union
+  said Gorbachev was likely to be ousted in three to four years
+  if he continues his reform policies.
+      "I don't think he can last four years," Marshall Goldman of
+  Harvard University told a Congressional hearing. "He's moving so
+  fast, he's stepping on so many toes."
+      A similar comment came from Peter Reddaway of the
+  Smithsonian Institution's Kennan Institute for Advanced Russian
+  studies.
+      The economic report said meeting targets for commodity
+  output would require unrealistic gains in productivity and
+  industrial output targets appear too high to allow time to
+  install more advanced equipment.
+      None of Gorbachev's proposals would change the system of
+  economic incentives that has discouraged innovation and
+  technological change, the report added.
+      "The first significant resistance to specific policies,
+  although not overall goals, surfaced (in 1986) in both the
+  massive government and party bureaucracy, particularly among
+  enterprise managers who complained that they were being asked
+  to carry out conflicting goals -- such as to raise quality
+  standards and output targets simultaneously," the report said.
+      The CIA-DIA report predicted two to three pct growth in the
+  Soviet economy over the next several years. It said the Soviet
+  Union trailed the U.S. by seven to 12 years in advanced
+  manufacturing technologies, such as computers and
+  microprocessors.
+  
+
diff --git a/reuters/training/10231 b/reuters/training/10231
new file mode 100644
index 0000000000000000000000000000000000000000..8d7b0eca8f56abc1353abda2a2335be66e8a1d1b
--- /dev/null
+++ b/reuters/training/10231
@@ -0,0 +1,5 @@
+GREAT AMERICAN CORP SEES 1ST QTR CHARGE OF 14.1 MLN DLRS AGAINST LOAN LOSS ALLOWANCE
+
+  GREAT AMERICAN CORP SEES 1ST QTR CHARGE OF 14.1 MLN DLRS AGAINST LOAN LOSS ALLOWANCE
+  
+
diff --git a/reuters/training/10233 b/reuters/training/10233
new file mode 100644
index 0000000000000000000000000000000000000000..e73c20574d511a6899f8d557d8263e617fd26a8a
--- /dev/null
+++ b/reuters/training/10233
@@ -0,0 +1,30 @@
+GREAT AMERICAN <GTAM> SEES CHARGE, WRITEDOWN
+  Great American Corp said
+  preliminary findings by regulatory examiners of its AMBANK
+  subsidiary will result in a first quarter charge of 14.1 mln
+  dlrs and a writedown of 1.4 mln dlrs.
+      The charge will be made against the allowance for possible
+  loan losses, and the writedown is of other real estate.
+      Great American said the examiners were conducting a regular
+  examination and a final report is not expected for several
+  weeks. Management intends to include the charge and writedown
+  in response to the preliminary findings.
+      Great American said regulatory authorities are not
+  requiring an adjustment of the previously reported financial
+  results for Great American for 1986.
+      However, Great American has revised its previous estimates
+  of provisions for possible losses and has added 9.9 mln dlrs to
+  the allowance account as of December 31, 1986. It said it took
+  the action since the charge-offs will significantly deplete its
+  allowance for possible loan losses and the economic environment
+  does not show signs for significant improvement in the near
+  future.
+      It said the additional provision increases the allowance to
+  26.4 mln dlrs, representing 6.63 pct of the outstanding loan
+  portfolio and 83.2 pct of non-performing loans at year-end.
+      Great American said its revised net loss for the fourth
+  quarter is 14.1 mln dlrs, or 6.36 dlrs per share, compared to a
+  net loss of 2.4 mln dlrs or 1.06 dlrs per share the year
+  earlier.
+  
+
diff --git a/reuters/training/10235 b/reuters/training/10235
new file mode 100644
index 0000000000000000000000000000000000000000..d0872d2215f90217bc5dceac3a048d42198807bf
--- /dev/null
+++ b/reuters/training/10235
@@ -0,0 +1,8 @@
+<MARATHON NATIONAL BANK> YEAR NET
+  Shr 78 cts vs 51 cts
+      Net 725,000 vs 451,000
+      Assets 98.5 mln vs 85.9 mln
+      Loans 40.5 mln vs 28.8 mln
+      Deposits 90.4 mln vs 78.7 mln
+  
+
diff --git a/reuters/training/10237 b/reuters/training/10237
new file mode 100644
index 0000000000000000000000000000000000000000..a789231536b3959cae0720a0d7e46154ef300bb8
--- /dev/null
+++ b/reuters/training/10237
@@ -0,0 +1,6 @@
+MACMILLAN BLOEDEL <MMBLF> STOCK SPLIT APPROVED
+  MacMillan Bloedel
+  Ltd said shareholders approved the company's previously
+  reported proposed three-for-one stock split.
+  
+
diff --git a/reuters/training/10238 b/reuters/training/10238
new file mode 100644
index 0000000000000000000000000000000000000000..8dc30995c8612a120afac48f5a251bfd66ad15d5
--- /dev/null
+++ b/reuters/training/10238
@@ -0,0 +1,15 @@
+CTC DEALER TO APPEAL CANADIAN TIRE DECISION
+  CTC Dealer Holdings Ltd said it would
+  appeal a previously reported Ontario court ruling upholding an
+  Ontario Securities Commission decision to block CTC's bid for
+  49 pct of <Canadian Tire Corp Ltd> common shares.
+      CTC, a group of Canadian Tire dealers, added that it also
+  extended its tender offer to March 31 and was seeking approval
+  to extend its bid while the appeal court heard the case.
+      It said Alfred and David Billes, two of Canadian Tire's
+  controlling shareholders, backed the appeal and would seek
+  leave to appeal while third controlling shareholder Martha
+  Billes supported the appeal but would not join an appeal
+  motion.
+  
+
diff --git a/reuters/training/1024 b/reuters/training/1024
new file mode 100644
index 0000000000000000000000000000000000000000..bc17dc3a83767906f441fd088599d695beb32590
--- /dev/null
+++ b/reuters/training/1024
@@ -0,0 +1,14 @@
+PRECAMBRIAN SHIELD TAKES 51 MLN DLR WRITEDOWN
+  <Precambrian Shield Resources
+  Ltd>, earlier reporting a large loss against year-ago profit,
+  said the 1986 loss was mainly due to a 51,187,000 dlr writedown
+  on its U.S. operations, uneconomic coal and other mineral
+  properties.
+      Precambrian, which is 89 pct owned by <Mark Resources Inc>,
+  said it took the writedown in accordance with new Canadian
+  Insititute of Chartered Accountants guidelines for full cost
+  method accounting by oil and gas companies.
+      Precambrian earlier reported a 1986 loss of 53.4 mln dlrs,
+  compared to profit of 4.5 mln dlrs in the prior year.
+  
+
diff --git a/reuters/training/10240 b/reuters/training/10240
new file mode 100644
index 0000000000000000000000000000000000000000..b2f8f64f432aa3f33cdf012b19b91df58e18d4b6
--- /dev/null
+++ b/reuters/training/10240
@@ -0,0 +1,6 @@
+URS CORP <URS> REGULAR STOCK DIVIDEND
+  Qtly div five pct stock vs five pct stock
+      Pay April 16
+      Record April six
+  
+
diff --git a/reuters/training/10242 b/reuters/training/10242
new file mode 100644
index 0000000000000000000000000000000000000000..9a777b3ede26bf705b5217ad8a7c062a201b9dc3
--- /dev/null
+++ b/reuters/training/10242
@@ -0,0 +1,6 @@
+DUCOMMUN INC <DCO> QUARTERLY DIVIDEND
+  Qtly div five cts vs five cts
+      Pay April 30
+      Record April 15
+  
+
diff --git a/reuters/training/10243 b/reuters/training/10243
new file mode 100644
index 0000000000000000000000000000000000000000..1a50236e6470c2c3d22be930a2afe2fcbfca2ff6
--- /dev/null
+++ b/reuters/training/10243
@@ -0,0 +1,8 @@
+TEKTRONIX INC <TEK> QUARTERLY DIVIDEND
+  Qtly div 15 cts vs 15 cts
+      Pay May 4
+      Record April 10
+      Note: previous dividend restated to reflect January 26
+  two-for-one stock split.
+  
+
diff --git a/reuters/training/10245 b/reuters/training/10245
new file mode 100644
index 0000000000000000000000000000000000000000..c82952e3d31a287a891c920ae40f1f7f957a9c37
--- /dev/null
+++ b/reuters/training/10245
@@ -0,0 +1,14 @@
+<MCM CORP> TO DELAY YEAREND REPORT
+  McM Corp said it has been forced
+  to delay the release of its fourth quarter and yearend results
+  until it can determine the effects on its balance sheet of a
+  possible increase in liabilities at a unit.
+      Earlier this month, the company's Occidental Fire and
+  Casualty Co unit paid 26 mln dlrs to a unit of <Mutual of
+  Omaha> under a commutation agreement.
+      However, McM said it now believes it is possible that the
+  unit's liabilities may exceed 26 mln dlrs.
+      It said a finding on any possible increase should be
+  completed by April 15.
+  
+
diff --git a/reuters/training/10246 b/reuters/training/10246
new file mode 100644
index 0000000000000000000000000000000000000000..8423818b8e51e7ff7ffe973fb80b17edea06634e
--- /dev/null
+++ b/reuters/training/10246
@@ -0,0 +1,68 @@
+FED DATA INDICATE POLICY LIKELY TO STAY ON HOLD
+  Federal Reserve data released today
+  indicate that there has been no policy change in recent weeks
+  and that none is likely at next week's Federal Open Market
+  Committee (FOMC) meeting, economists said.
+      "The Fed continues to be accommodative in its provision of
+  reserves, indicating that there has been no policy shift since
+  the beginning of this year," said Harold Nathan, economist at
+  Wells Fargo Bank.
+      "These numbers and other things suggest the FOMC will not
+  change policy," said Robert Brusca of Nikko Securities Co.
+      "The Fed is sitting fairly pretty now. There's no real
+  reason for it to change policy," said Joseph Liro of S.G.
+  Warburg and Co Inc.
+      Liro said the economy is showing moderate growth and does
+  not require immediate policy easing and the money aggregates
+  may well end March at the bottom of their target ranges.
+      All of the economists agreed that the Fed's major concern
+  now is recent weakness in the dollar which early this week was
+  heavily supported by central banks. They said fear of hurting
+  the dollar will cause the Fed to be cautious in lowering
+  interest rates further.
+      Numbers released by the Fed today were all in line with
+  expectations and similar to the data for most of this year.
+      The Fed said that banks' net free reserves averaged 603 mln
+  dlrs in the two-week statement period that ended on Wednesday
+  versus 749 mln dlrs in the previous period.
+      In the single week to Wednesday, banks' borrowings at the
+  discount window, less extended credits, averaged 302 mln dlrs
+  compared with 228 mln dlrs in the first week of the statement
+  period. Meanwhile the Federal funds rate average edged up to
+  6.14 pct from 6.08 pct.
+      The Fed's failure to add reserves in the market on Tuesday
+  and Wednesday surprised some, but economists said the data
+  released today suggest it had no real need to add reserves.
+      The Fed's absence may be explained by the lack of any
+  pressing need for it to supply reserves and by a desire to
+  boost borrowings in the second week of the statement period to
+  meet its borrowings target, said Liro of Warburg.
+      Liro said the Fed probably is shooting for a two-week
+  borrowings average of 300-325 mln dlrs. The borrowings actually
+  averaged 265 mln dlrs in the latest statement period and that
+  was up from 191 mln dlrs in the prior period.
+      Brusca of Nikko agreed that the Fed probably is aiming for
+  two-week average discount window borrowings of around 300 mln
+  dlrs. He said that would correspond to a Federal funds rate of
+  around 6.10 pct.
+      It is nearly impossible for the Fed to hit any borrowings
+  target since the demand for excess reserves is erratic, said
+  Wells Fargo's Nathan. He said the Fed is focusing instead on
+  the funds rate and is trying to keep it roughly within a six to
+  6-1/4 pct band.
+      Upward funds rate pressure and a big reserve-adding need
+  are anticipated for the statement period that began today.
+   More
+      Brusca believes the Fed will have to add 3.5 to four
+  billion dlrs a day in reserves in this statement period. Liro
+  puts the add need at around 3.9 billion dlrs.
+      To partly address this requirement, many expect the Fed to
+  add permanent reserves with effect next Thursday by offering to
+  buy all maturities of Treasury bills on Wednesday. A similar
+  coupon "pass" may be required later.
+      There will be a greater demand for funds in this statement
+  period because it includes the close of the quarter. Further
+  upward pressure on the Federal funds rate may come from window
+  dressing demand as the Japanese fiscal year ends on March 31.
+  
+
diff --git a/reuters/training/10253 b/reuters/training/10253
new file mode 100644
index 0000000000000000000000000000000000000000..bae42d1b1815e55b29b3506236ce984841ecab7f
--- /dev/null
+++ b/reuters/training/10253
@@ -0,0 +1,17 @@
+BLASIUS INDUSTRIES INC <BLAS> 3RD QTR LOSS
+  Qtr ended Feb 28
+      Oper shr loss one ct vs profit 12 cts
+      Oper net profit 3,000 vs profit 218,000
+      Revs 12.0 mln vs 10.6 mln
+      Avg shrs 2,421,000 vs 1,602,000
+      Nine mths
+      Oper shr profit 28 cts vs profit 24 cts
+      Oper net profit 639,000 vs profit 500,000
+      Revs 34.6 mln vs 31.2 mln
+      Avg shrs 1,928,000 vs 1,620,000
+      Note: Oper excludes tax credits of 180,000 and 415,000 for
+  year-ago qtr and nine mths.
+      Oper includes writeoff related to subordinated note
+  exchange of 185,000 for current qtr and nine mths.
+  
+
diff --git a/reuters/training/10254 b/reuters/training/10254
new file mode 100644
index 0000000000000000000000000000000000000000..53c8fdab525dff0290e8031b43a9c46f33224fe6
--- /dev/null
+++ b/reuters/training/10254
@@ -0,0 +1,17 @@
+GAINSCO INC <GAIN> 4TH QTR NET
+  Shr nil vs four cts
+      Net 12,000 vs 140,000
+      Revs 4,446,000 vs 3,998,000
+      Avg shrs 4,364,000 vs 3,461,000
+      Year
+      Shr 60 cts vs 22 cts
+      Net 2,257,000 vs 774,000
+      Revs 18.3 mln vs 21.1 mln
+      Avg shrs 3,788,000 vs 3,461,000
+     
+      Note: Net includes realized gains on investments of 50,000
+  vs 105,000 for qtr and 174,000 vs 202,000 for year.
+      Net also includes tax credit of 64,000 for year-ago 12
+  mths.
+  
+
diff --git a/reuters/training/10255 b/reuters/training/10255
new file mode 100644
index 0000000000000000000000000000000000000000..9ca795dea68981c09f7cfb6b4785fecece93a5ae
--- /dev/null
+++ b/reuters/training/10255
@@ -0,0 +1,63 @@
+GATT WARNS U.S. ON FEDERAL BUDGET, PROTECTIONISM
+  The United States' emphasis on its
+  foreign trade deficit is misplaced and the country's real
+  problem lies in its large federal budget deficit, the General
+  Agreeement on Tariffs and Trade (GATT) said.
+       By stressing its record trade deficit of 169.8 billion
+  dlrs last year, the U.S. Was fuelling protectionist pressure
+  which threatens the world trading system, it said in an annual
+  report.
+      The fundamental problem, the size of the U.S. Federal
+  budget deficit, could be remedied only by cutting government
+  spending or encouraging personal savings to finance the debt,
+  it said.
+      GATT also predicted world trade would grow by only 2.5 pct
+  in 1987 -- a full percentage point lower than in each of the
+  previous two years.
+      GATT experts urged Washington to resist protectionism and
+  instead seek macroeconomic changes to reduce the current
+  account payments deficit -- higher private savings, lower
+  investment and a smaller federal budget deficit.
+      Raising U.S. Trade barriers "would result in little or no
+  reduction in the current account deficit. It would, however,
+  increase inflation and reduce world trade," it said.
+      "The basic cause -- some combination of insufficient
+  domestic savings and an excessive budget deficit -- would
+  remain," the report said.
+      GATT economists said trade expansion would slow this year
+  because of slower growth forecasts in Japan and some West
+  European nations as they adjust production and workforces to a
+  low dollar, risk of higher U.S. Inflation, concerns over Third
+  World debt management and looming protectionism.
+      The report also said imbalances in the current accounts of
+  Japan, West Germany and the U.S. Had increased in 1986.
+      The most likely explanation was that exchange rate changes
+  were not backed by changes in macroeconomic policies, it added.
+      "Thus the prediction that these imbalances would be reduced
+  as a result of the major realignment of exchange rates was not
+  borne out last year," the report said.
+      GATT warned there was a risk of a sizeable increase in the
+  U.S. Inflation rate under the combined impact of a rapidly
+  expanding money supply and low dollar.
+      "Such a development could worsen the business climate by
+  increasing uncertainty and pushing up interest rates, which, in
+  turn, would adversely affect world trade."
+      But the report noted a surprising rise in imports to the
+  United States, despite the dollar's depreciation which makes
+  foreign products more expensive.
+      It suggested that resources idle in the U.S., Both human
+  and in underutilised factories, were not geared to produce the
+  goods and services sought from abroad.
+      World trade in manufactures grew by only three pct in 1986,
+  about half of the rate of the previous year.
+      Trade in agricultural goods expanded by just one pct,
+  continuing a stagnant pattern in that sector this decade, GATT
+  said.
+      Developing countries' exports declined significantly, while
+  their imports increased moderately, although full statistics
+  are not available yet, GATT said.
+      The combined export earnings of 16 major indebted nations
+  were sharply lower, and only five of them (Chile, Colombia,
+  Philippines, South Korea, and Thailand) had higher exports.
+  
+
diff --git a/reuters/training/10258 b/reuters/training/10258
new file mode 100644
index 0000000000000000000000000000000000000000..029dd1e5d66cecb882ca1ab56de34d41f9c7eede
--- /dev/null
+++ b/reuters/training/10258
@@ -0,0 +1,14 @@
+OREGON ALUMINUM SMELTER INCREASING OUTPUT
+  Northwest Aluminum Co said it
+  will open a second pot line in mid-May, bringing the smelter
+  here to 80 pct of its production capacity.
+      Northwest Aluminum President Brett Wilcox, who leased the
+  30-year-old smelter from Martin Marietta Corp., said production
+  would increase from around 45 tons a year at present to just
+  over 70 tons.
+      Martin Marietta closed and mothballed the smelter in 1984.
+  Northwest Aluminum reopened it last December.
+      Wilcox said a good aluminum market and several months of
+  successful operation led to the decision to expand production.
+  
+
diff --git a/reuters/training/1026 b/reuters/training/1026
new file mode 100644
index 0000000000000000000000000000000000000000..1e54347d5cb33850d4a6835f5950f5449acd01c8
--- /dev/null
+++ b/reuters/training/1026
@@ -0,0 +1,35 @@
+KENYAN ECONOMY FACES PROBLEMS, PRESIDENT SAYS
+  The Kenyan economy is heading for
+  difficult times after a boom last year, and the country must
+  tighten its belt to prevent the balance of payments swinging
+  too far into deficit, President Daniel Arap Moi said.
+      In a speech at the state opening of parliament, Moi said
+  high coffee prices and cheap oil in 1986 led to economic growth
+  of five pct, compared with 4.1 pct in 1985.
+      The same factors produced a two billion shilling balance of
+  payments surplus and inflation fell to 5.6 pct from 10.7 pct in
+  1985, he added.
+      "But both these factors are no longer in our favour ... As a
+  result, we cannot expect an increase in foreign exchange
+  reserves during the year," he said.
+      The price of coffee, Kenya's main source of foreign
+  exchange, fell in London today to about 94 cents a pound from a
+  peak of 2.14 dlrs in January 1986.
+      Crude oil, which early last year slipped below 10 dlrs a
+  barrel, has since crept back to over 18 dlrs.
+      Moi said the price changes, coupled with a general decline
+  in the flow of capital from the rest of the world, made it more
+  difficult to finance the government's budget deficit.
+      Kenya was already spending over 27 pct of its budget on
+  servicing its debts and last year it was a net exporter of
+  capital for the first time in its history, he added.
+      "This is a clear indication that we are entering a difficult
+  phase as regards our external debts, and it is imperative that
+  we raise the rate of domestic savings and rely less on foreign
+  sources to finance our development," he said.
+      "It will be necessary to maintain strict discipline on
+  expenditure ... And members of this house will have to take the
+  lead in encouraging wananchi (ordinary people) to be more
+  frugal in satisfying immediate needs," the president added.
+  
+
diff --git a/reuters/training/10260 b/reuters/training/10260
new file mode 100644
index 0000000000000000000000000000000000000000..0735b66bc48748be01a4900bb95c151cc6c7d00b
--- /dev/null
+++ b/reuters/training/10260
@@ -0,0 +1,5 @@
+Japan February consumer prices unchanged (0.4 pct January drop) - official
+
+  Japan February consumer prices unchanged (0.4 pct January drop) - official
+  
+
diff --git a/reuters/training/10261 b/reuters/training/10261
new file mode 100644
index 0000000000000000000000000000000000000000..b9a1241a7850f9b5289caaec9d45576ebb8a1f6c
--- /dev/null
+++ b/reuters/training/10261
@@ -0,0 +1,22 @@
+JAPAN CONSUMER PRICES UNCHANGED IN FEBRUARY
+  Japan's consumer price index (base 1985)
+  was unchanged at 99.7 in February from a month earlier, the
+  government's Management and Coodination Agency said.
+      The index showed a 0.4 pct drop in January.
+      The February index was down one pct from a year earlier for
+  the third consecutive year-on-year drop.
+      In January, the index fell 1.1 pct from a year earlier, the
+  first drop of over one pct since a 1.3 pct drop in September
+  1958.
+      In February petrol prices increased but winter clothing
+  prices stayed low and vegetable prices fell.
+      The February year on year fall was due to lower vegetable,
+  fuel oil, petrol, electricity and gas prices, and despite
+  higher housing, education, footwear and clothing costs.
+      The unadjusted consumer price index for the Tokyo area
+  (base 1985) in mid-March rose 0.4 pct from a month earlier to
+  100.6, reflecting higher vegetable prices.
+      The index fell 0.3 pct year on year, the third consecutive
+  yearly drop, reflecting lower food and utility costs.
+  
+
diff --git a/reuters/training/10262 b/reuters/training/10262
new file mode 100644
index 0000000000000000000000000000000000000000..c0322fcf670113163b6d063a5b8ea6687ea885a3
--- /dev/null
+++ b/reuters/training/10262
@@ -0,0 +1,8 @@
+N.Z. FOREIGN RESERVES FALL SLIGHTLY IN FEBRUARY
+  New Zealand's official foreign
+  reserves fell slightly to 7.13 billion N.Z. Dlrs in February
+  from 7.15 billion in January but were sharply above 2.85
+  billion in February 1986, the Reserve Bank said in its weekly
+  statistical release.
+  
+
diff --git a/reuters/training/10263 b/reuters/training/10263
new file mode 100644
index 0000000000000000000000000000000000000000..f2b63ac5b3bbdc8ac1e4e0b755b04e0775a1099e
--- /dev/null
+++ b/reuters/training/10263
@@ -0,0 +1,5 @@
+Bank of Japan buys dollars around 149.00 yen - Tokyo dealers
+
+  Bank of Japan buys dollars around 149.00 yen - Tokyo dealers
+  
+
diff --git a/reuters/training/10264 b/reuters/training/10264
new file mode 100644
index 0000000000000000000000000000000000000000..d3fb4da17b9d5c739cb0fefe961e567418f15686
--- /dev/null
+++ b/reuters/training/10264
@@ -0,0 +1,36 @@
+WHITE HOUSE PANEL SAID URGING JAPAN RETALIATION
+  The White House Economic Policy
+  Council decided to recommend trade sanctions against Japan for
+  violations of the U.S.-Japanese semiconductor agreement,
+  industry sources said.
+      They would give no details, noting that the White House had
+  not commented on the decision. The administration has been
+  under pressure to retaliate.
+      There was no immediate announcement on the council's
+  decision, but U.S. Officials said it was likely the senior
+  policy group's move on curbs reflected growing American
+  frustration over alleged unfair Japanese trade practices.
+      U.S. Officials said President Reagan would probably act on
+  the recommendations in a day or so, after consulting with aides
+  on the foreign policy implications of retaliation.
+      The officials said Reagan might delay retaliation for a
+  last try to persuade Japan to abide by the agreement reached
+  last July governing trade in semiconductors.
+      Under a pact reached last July, Japan was to stop dumping
+  semiconductors in world markets and to open its own market to
+  U.S.-made semiconductors.
+      In return, the U.S. Agreed to hold up imposing anti-dumping
+  duties on Japanese semiconductor shipments.
+      The United States said that dumping has stopped in the U.S.
+  Market but has continued in third countries, and that the
+  Japanese market remains closed.
+      The pressure on Reagan to retaliate included a unanimous
+  call by the Senate last week to impose penalties on Japanese
+  high technology products containing semiconductors.
+      A call for retaliation also came from the semiconductor
+  industry and from its chief trade union.
+      U.S. Officials said the most likely move against Japan
+  would involve duties on semiconductor-based goods, such as
+  televisions, video cassette recorders and computers.
+  
+
diff --git a/reuters/training/10265 b/reuters/training/10265
new file mode 100644
index 0000000000000000000000000000000000000000..04722a2ec2bca0af056c9c253e2d025dfe95ccd9
--- /dev/null
+++ b/reuters/training/10265
@@ -0,0 +1,19 @@
+NAKASONE TO VISIT WASHINGTON IN LATE APRIL
+  Prime Minister Yasuhiro Nakasone will
+  make an official week-long visit to the United States from
+  April 29 and hold talks in Washington with President Reagan,
+  Chief Cabinet Secretary Masaharu Gotoda told reporters.
+      Government sources said Nakasone would try to resolve
+  growing bilateral trade friction and discuss the June Venice
+  summit of Western industrial democracies.
+      Foreign Minister Tadashi Kuranari will accompany Nakasone,
+  ministry officials said.
+      U.S. Industry sources in Washington said the White House
+  Economic Policy Council was recommending trade sanctions
+  against Japan for violating the two countries' agreement on
+  semiconductor trade.
+      Under the pact, Japan pledged to stop dumping microchips in
+  the U.S. And Asia and open its domestic market to U.S.
+  Semiconductors.
+  
+
diff --git a/reuters/training/10268 b/reuters/training/10268
new file mode 100644
index 0000000000000000000000000000000000000000..38983a76262534e8d38855f204626cf7a3ec739a
--- /dev/null
+++ b/reuters/training/10268
@@ -0,0 +1,86 @@
+INDIA STEPS UP COUNTERTRADE DEALS TO CUT TRADE GAP
+  India is searching for non-communist
+  countertrade partners to help it cut its trade deficit and
+  conserve foreign exchange.
+      Wheat, tobacco, tea, coffee, jute, engineering and
+  electronic goods, as well as minerals including iron ore, are
+  all on offer in return for crude oil, petroleum products,
+  chemicals, steel and machinery, trade sources told Reuters.
+      Most of the impetus behind countertrade, which began in
+  1984, comes from two state trading firms -- the State Trading
+  Corp (STC) and the Minerals and Metals Trading Corp (MMTC).
+      "The two state trading corporations are free to use their
+  buying power in respect to bulk commodities to promote Indian
+  exports," a commerce ministry spokeswoman said, adding that
+  private firms are excluded from countertrading.
+      One trade source said India has targetted countries that
+  depend on an Indian domestic market recently opened to foreign
+  imports.
+      However, countertrade deals still make up only a small part
+  of India's total trading and are likely to account for less
+  than eight pct of the estimated 18.53 billion dlrs in trade
+  during the nine months ended December, the sources said.
+      Countertrade accounted for just five pct of India's 25.65
+  billion dlrs in trade during fiscal 1985/86 ended March,
+  against almost nothing in 1984/85, official figures show.
+      However, the figures exclude exchanges with the Eastern
+  Bloc paid in non-convertible Indian rupees, the sources said.
+      Total trade with the Soviet Union, involving swaps of
+  agricultural produce and textiles for Soviet arms and crude
+  oil, is estimated at 3.04 billion dlrs in fiscal 1986/87,
+  against three billion in 1985/86.
+      Indian countertrade, which is being promoted mainly to help
+  narrow the country's large trade deficit, is still
+  insignificant compared with agreements reached by Indonesia,
+  Venezuela and Brazil, the trade sources said.
+      The trade deficit, which hit an estimated record 6.96
+  billion dlrs in 1985/86, is expected to decline to 5.6 billion
+  in the current fiscal year.
+      But the push to include non-communist countries in
+  countertrade is also due to other factors, including the slow
+  growth of foreign reserves, a tight debt repayment schedule,
+  shrinking aid and trade protectionism, businessmen said.
+      One source said India is showing more dynamism in promoting
+  countertrade deals than in the past, when the deals were made
+  discreetly because they break GATT rules. As a member of the
+  General Agreement on Tariffs and Trade (GATT), India cannot
+  officially support bartering.
+      The MMTC's recent countertrade deals include iron ore
+  exports to Yugoslavia for steel structures and rails.
+      "MMTC's recent global tenders now include a clause that
+  preference will be given to parties who accept payment in kind
+  for goods and services sold to India," a trade official said,
+  adding that the policy remains flexible.
+      "We also take into account other factors such as prices at
+  which the goods and services are offered to India," the trade
+  official said.
+      Early this year the commerce ministry quietly told foreign
+  companies interested in selling aircraft, ships, drilling rigs
+  and railway equipment to India that they stood a better chance
+  if they bought Indian goods or services in return, the trade
+  sources said.
+      Illustrating the point, the official said a South Korean
+  firm recently agreed to sell a drilling platform worth 40 mln
+  dlrs to the state-run Oil and Natural Gas Commission.
+      In return, the South Koreans gave a verbal assurance to buy
+  Indian goods worth 10 pct of the contract, against the 25 pct
+  sought by New Delhi, the trade official said.
+      "We selected the Korean firm because its bid was the lowest,"
+  he added.
+      Countertrade is helping African countries short of foreign
+  currency to import goods. India has signed a trade protocol to
+  buy up to 15,000 tonnes of asbestos fibre from Zimbabwe in
+  exchange for Indian goods, including jute bags and cars.
+      But despite India's new drive, countertrade has some
+  inherent problems, they added.
+      "It is not always easy to meet the basic requirement that
+  the trade should always be balanced," one trade source said. "The
+  other problem is it is often difficult to supply or buy
+  commodities which the other party wants."
+      Another added, "Barter is also restrictive. We look upon it
+  as a temporary measure to get over the current balance of
+  payments difficulty.
+      "This is why countertrade has not been made a law in India.
+  It does not even figure in the country's foreign trade policy."
+  
+
diff --git a/reuters/training/10272 b/reuters/training/10272
new file mode 100644
index 0000000000000000000000000000000000000000..809848fe1ead873a33c4992f7817f35679737fca
--- /dev/null
+++ b/reuters/training/10272
@@ -0,0 +1,25 @@
+BP AUSTRALIA REPORTS 16.15 MLN DLR YEAR LOSS
+  The <British Petroleum Co of
+  Australia Ltd> reported a 16.15 mln dlr net loss for 1986
+  against a 73.38 mln dlr profit in 1985 after sales fell to 2.27
+  billion dlrs from 2.94 billion.
+      The British Petroleum Co Plc <BP.L> unit attributed the
+  deficit to stock losses arising from the drop in crude prices
+  in the first half, when it made a 119.93 mln dlr loss.
+      It said government compensation, in the form of subsidies
+  to refiners to partially cover stock losses, together with
+  improved crude prices in the second half, enabled the group's
+  oil business to make a modest pre-tax profit.
+      BP Australia said it had not recommended a dividend.
+      Commenting on the year's performance, the company said it
+  suspended operations at the 60 pct-owned Agnew Nickel mine
+  because of losses sustained from declining nickel prices.
+      The results also included an 11.3 mln dlr extraordinary
+  writedown on the value of the laid-up oil exploration drillship
+  Regional Endeavour.
+      BP Australia said it had sold its 33-1/3 stake in chemical
+  maker <CSBP and Farmers Ltd> yielding an extraordinary profit
+  of 18.9 mln dlrs and expected to finalise the sale of the 80
+  pct-owned <Kwinana Nitrogen Co> in the first half of 1987.
+  
+
diff --git a/reuters/training/10275 b/reuters/training/10275
new file mode 100644
index 0000000000000000000000000000000000000000..d4ee000046fd7e8c5b99723f78cbabee7f2337da
--- /dev/null
+++ b/reuters/training/10275
@@ -0,0 +1,25 @@
+JAPAN SEAMLESS PIPE MAKERS TO FORM EXPORT CARTEL
+  Four major Japanese steelmakers plan to
+  form a seamless pipe export cartel for markets other than the
+  U.S. And the European Community for a year from April to keep
+  prices above output costs, company officials involved said.
+      The companies are Nippon steel Corp <NSTC.T>, Sumitomo
+  Metal Industries Ltd <SMIT.T>, Nippon Kokan KK <NKKT.T> and
+  Kawasaki Steel Corp <KAWS.T>, which together account for some
+  95 pct of Japan's total seamless pipe exports.
+      The firms will apply to form the cartel to the Ministry of
+  International Trade and Industry today and approval is expected
+  later this month, the officials said.
+      Under the plan, the four companies will set floor prices
+  for exports as prices have fallen sharply due to the yen's
+  appreciation against the dollar, reduced world demand caused by
+  lower oil prices and excess domestic capacity which resulted in
+  price-cutting competition, the officials said.
+      In calendar 1986, seamless pipe exports fell to 2.34 mln
+  tonnes from 2.99 mln in 1985 and 3.12 mln in 1981.
+      The officials declined to give any idea of floor prices,
+  saying it depends partly on volume, but industry sources
+  estimate average export prices would rise by around 20 pct to
+  some 800 dlrs a tonne.
+  
+
diff --git a/reuters/training/10277 b/reuters/training/10277
new file mode 100644
index 0000000000000000000000000000000000000000..164a5638dc60eba270d87948fe25fa9c7d749ee2
--- /dev/null
+++ b/reuters/training/10277
@@ -0,0 +1,5 @@
+ANZ BANK SAYS IT WILL CUT AUSTRALIAN PRIME TO 18.25 PCT FROM 18.5 ON MARCH 30
+
+  ANZ BANK SAYS IT WILL CUT AUSTRALIAN PRIME TO 18.25 PCT FROM 18.5 ON MARCH 30
+  
+
diff --git a/reuters/training/10280 b/reuters/training/10280
new file mode 100644
index 0000000000000000000000000000000000000000..75e1a2cae5ae600ba560f0edd1d9ad1edd6dac8a
--- /dev/null
+++ b/reuters/training/10280
@@ -0,0 +1,14 @@
+JARDINE MATHESON HOLDINGS LTD <JARD.HKG> YEAR 1986
+  Shr 126 H.K. Cents vs 42 (adjusted)
+      Final div 30 cents vs 10, making 40 vs 10
+      Net 479 mln dlrs vs 157 mln
+      Turnover 10.4 billion vs 10.5 billion
+      Note - Profits excluded extraordinary items 52 mln dlrs vs
+  losses 426 mln. Dividend payable after general meeting on June
+  4, books close April 22 to May 5.
+      Note - Bonus issue of four new "B" shares of par value 20
+  cents each for every one share of par value two dlrs each,
+  books close August 3 to 10.
+   REUTER N
+  
+
diff --git a/reuters/training/10281 b/reuters/training/10281
new file mode 100644
index 0000000000000000000000000000000000000000..5223bafdd0cf95245f4d278893ab3ccfa5625d14
--- /dev/null
+++ b/reuters/training/10281
@@ -0,0 +1,5 @@
+BHP CO LTD NET PROFIT 603.0 MLN DLRS FIRST THREE QTRS VS 813.0 MLN
+
+  BHP CO LTD NET PROFIT 603.0 MLN DLRS FIRST THREE QTRS VS 813.0 MLN
+  
+
diff --git a/reuters/training/10282 b/reuters/training/10282
new file mode 100644
index 0000000000000000000000000000000000000000..e761435c0d27cc1f7cbf30be404e9c454e4e453c
--- /dev/null
+++ b/reuters/training/10282
@@ -0,0 +1,13 @@
+JARDINE MATHESON HOLDINGS LTD <JARD.HKG> YEAR 1986
+  Shr 126 H.K. Cents vs 42 (adjusted)
+      Final div 30 cents vs 10, making 40 vs 10
+      Net 479 mln dlrs vs 157 mln
+      Turnover 10.4 billion vs 10.5 billion
+      Note - Profits excluded extraordinary items 52 mln dlrs vs
+  losses 426 mln. Dividend payable after general meeting on June
+  4, books close April 22 to May 5.
+      Note - Bonus issue of four new "B" shares of par value 20
+  cents each for every one share of par value two dlrs each,
+  books close August 3 to 10.
+  
+
diff --git a/reuters/training/10283 b/reuters/training/10283
new file mode 100644
index 0000000000000000000000000000000000000000..ccada7b81c8cb23b342c8b7d195a99a20091dbbf
--- /dev/null
+++ b/reuters/training/10283
@@ -0,0 +1,5 @@
+Japan February industrial production rose 0.3 pct (0.5 pct January drop) - official
+
+  Japan February industrial production rose 0.3 pct (0.5 pct January drop) - official
+  
+
diff --git a/reuters/training/10284 b/reuters/training/10284
new file mode 100644
index 0000000000000000000000000000000000000000..deaaf2d59d7db8865433c7c469816ced961d52dc
--- /dev/null
+++ b/reuters/training/10284
@@ -0,0 +1,24 @@
+THE BROKEN HILL PTY CO LTD <BRKN.S> NINE MONTHS
+  First nine months ended Feb 28
+      Shr 47.4 cents vs 65.2
+      Net 603.0 mln dlrs vs 813.0 mln
+      Sales 6.52 billion vs 6.53 billion
+      Other income 454.9 mln vs 160.2 mln
+      Shrs 1.27 billion vs 1.03 billion.
+      Final div 20 cents vs same, making 37.5 vs same.
+      One-for-five bonus issue
+      Third qtr net 206.0 mln dlrs vs 238.6 mln
+      Third qtr sales 2.11 billion vs 2.10 billion.
+      NOTE - Div pay May 27. Div and bonus reg May 1. Nine months
+  net is after tax 499.1 mln dlrs vs 722.6 mln, depreciation
+  509.5 mln vs 427.3 mln, interest 366.8 mln vs 215.8 mln and
+  minorities 15.3 mln vs 15.7 mln but before net extraordinary
+  profit 60.7 mln vs profit 43.2 mln.
+      Nine month divisional net earnings before minorities were.
+      Petroleum 184.9 mln dlrs vs 472.4 mln
+      Minerals 254.6 mln vs 241.0 mln
+      Steel 148.2 mln vs 191.1 mln
+      Corporate items and investments profit 30.6 mln vs loss
+  75.8 mln.
+  
+
diff --git a/reuters/training/10285 b/reuters/training/10285
new file mode 100644
index 0000000000000000000000000000000000000000..aebf6785d2d1764ea8d9122537335f9633cbbb08
--- /dev/null
+++ b/reuters/training/10285
@@ -0,0 +1,29 @@
+JAPAN INDUSTRIAL PRODUCTION RISES IN FEBRUARY
+  Japan's industrial production index (base
+  1980) rose 0.3 pct to a seasonally adjusted 122.7 in February
+  from the previous month, the Ministry of International Trade
+  and Industry said.
+      Output fell 0.5 pct in January from a month earlier.
+      The preliminary, unadjusted February index rose 0.6 pct
+  from a year earlier after a 0.5 pct year-on-year rise in
+  January
+      The adjusted February producers' shipment index (base 1980)
+  rose 0.7 pct to 118.5 from January when it fell 0.7 pct from
+  December.
+      The unadjusted shipment index rose 1.4 pct from a year
+  earlier after a 1.0 pct year-on-year January gain.
+      The adjusted February index of producers' finished goods
+  (base 1980) fell 1.3 pct to 104.5 from January when it fell 0.3
+  pct from December.
+      The unadjusted index fell 3.5 pct from a year earlier after
+  a 2.3 pct year-on-year drop in January.
+      A 2.7 pct rise by the electronics industry on higher output
+  of facsimile machines and video tape recorders was a major
+  contributor to the rise in February industrial output, though
+  car production fell from January.
+      The official said industrial production is expected to rise
+  3.2 pct in March on higher production by machinery, steel and
+  chemical makers but will drop 3.4 pct in April on a downturn in
+  the output of those industries. He gave no further details.
+  
+
diff --git a/reuters/training/10289 b/reuters/training/10289
new file mode 100644
index 0000000000000000000000000000000000000000..4e9b0a6202d33cb368f9f09f07087f84b6cdeba5
--- /dev/null
+++ b/reuters/training/10289
@@ -0,0 +1,13 @@
+SOUTH KOREA PLANS 11-12 PCT BUDGET RISE IN 1988
+  South Korea plans to increase the size of
+  its budget in 1988 by 11 to 12 pct from this year's 15,596
+  billion won, Economic Planning Board officials said.
+      The proposed boost is based on a government forecast that
+  gross national product (gnp) will grow by more than 7.5 pct and
+  the gnp deflator by 3.5 pct in 1988, against targets of 8.0 pct
+  and 3.5 pct respectively this year, they said.
+      Details of the 1988 budget, in which spending will match
+  revenue, have yet to be worked out, the officials said.
+      The balanced budget in 1986 totalled 13,800.5 billion won.
+  
+
diff --git a/reuters/training/1029 b/reuters/training/1029
new file mode 100644
index 0000000000000000000000000000000000000000..df17f3ef0c9547a92e69e62bfa927f744173d5e9
--- /dev/null
+++ b/reuters/training/1029
@@ -0,0 +1,11 @@
+SCOTT'S HOSPITALITY ACQUIRES CAPITAL FOOD
+  <Scott's Hospitality Inc> said it
+  acquired all issued shares of Capital Food Services Ltd, of
+  Ottawa. Terms were not disclosed.
+      Scott's said Capital Food had 1986 sales of more than 20
+  mln dlrs and will continue to operate under its present name
+  with existing management.
+      Capital Food provides food services to several Ottawa
+  institutions, the company said.
+  
+
diff --git a/reuters/training/10291 b/reuters/training/10291
new file mode 100644
index 0000000000000000000000000000000000000000..8c1a2c576b7ecdc4367fdcb6a26e5f370045df6c
--- /dev/null
+++ b/reuters/training/10291
@@ -0,0 +1,59 @@
+JARDINE MATHESON PLANS FOUR-FOR-ONE BONUS ISSUE
+  Jardine Matheson Holdings Ltd
+  <JARD.HKG> said it planned a bonus issue of four new "B" shares
+  of 20 H.K. Cents each for every ordinary share of par value two
+  dlrs.
+      A company statement said the firm expects to pay a total
+  1987 dividend of four cents per "B" share, while the "A" share
+  dividend will be maintained at last year's level of 40 cents a
+  share.
+      Jardine Matheson announced earlier a 205 pct jump in 1986
+  net profits to 479 mln dlrs from 157 mln in 1985.
+      Shareholders' funds increased to 5.02 billion dlrs from
+  4.77 billion in 1985, the statement said.
+      It quoted chairman Simon Keswick as saying Jardine Matheson
+  achieved the good performance through satisfactory results in
+  most sections, especially Hong Kong Land Co Ltd <HKLD.HKG>,
+  Jardine Fleming Co Ltd, and its business in Japan.
+      He said the group's stake of about 35 pct in Hong Kong
+  Land, which will be lowered to 26 pct after the completion of a
+  reorganisation, is "a long term investment and now stands at a
+  level which causes us no financial strain or problems of asset
+  imbalance."
+      Keswick said the issue of new "B" shares will give the group
+  "the flexibility in the future to issue ordinary shares for
+  expansion without jeopardising the shareholding stability which
+  has been brought about through the group's recent
+  restructuring."
+      He said the new issue is pending approval from both the
+  firm's shareholders and warrant holders, adding an appropriate
+  adjustment will be made to the warrant exercise price.
+      The Jardine group has nearly completed its reorganisation,
+  with Jardine Matheson transferring its control of Hk Land to
+  the new unit <Jardine Strategic Holdings Ltd>.
+      Jardine Strategic will also hold majority stakes in the two
+  companies spun off from Hk Land -- <Mandarin Oriental
+  International Ltd> and <Dairy Farm International Holdings Ltd>
+  -- plus cross holdings with Jardine Matheson.
+      Jardine Matheson, which had debts of about 2.7 billion dlrs
+  last year, will become debt free after the restructuring.
+      "A positive cash flow from operations and disposals,
+  continuing into 1987, has transformed our balance sheet,"
+  Keswick said. He noted the firm last year sold interests in
+  airfreight operations, Australian properties and trucking
+  business, and its remaining U.S. Oil and gas activities.
+      Jardine Matheson decided to make a provision against its
+  general trading business in the Middle East in view of the
+  continuing weakness of oil prices, Keswick said. But he said
+  the operations would be profitable in the longer term.
+      He said the firm's function "has evolved into one primarily
+  of strategy, structure and financial and personnel policy."
+      He said Jardine Matheson will reduce the size of the board
+  of directors but will simultaneously create a new Pacific
+  regional board. He gave no further details of the change.
+      Jardine Matheson shares rose 20 cents to 24.90 dlrs at
+  midday on the Hong Kong stock market. In early trading it had
+  fallen to 24.30 dlrs because of rumours yesterday that the firm
+  planned a rights issue.
+  
+
diff --git a/reuters/training/10292 b/reuters/training/10292
new file mode 100644
index 0000000000000000000000000000000000000000..6d8045c147aad5eb0be694a8fe7b76db7107cd91
--- /dev/null
+++ b/reuters/training/10292
@@ -0,0 +1,47 @@
+BHP SEES STRONG FOURTH QUARTER BUT LOWER YEAR NET
+  The Broken Hill Pty Co Ltd <BRKN.S>
+  said it expects a strong full year result, helped by sigificant
+  investment allowance credits in the fourth quarter, but net
+  will fall short of the record 988.2 mln dlrs earned in 1985/86
+  ended May 31.
+      The group earlier reported its net earnings dropped to
+  603.0 mln dlrs in the first three quarters ended February 28
+  from 813.0 mln a year earlier.
+      Third quarter net fell to 206.0 mln dlrs from 238.6 mln a
+  year earlier and 220.3 mln in the second quarter ended November
+  31, BHP said in a statement.
+      Earnings in the first nine months were at the lower end of
+  share analysts' forecasts yesterday of a range of 600 mln to
+  620 mln dlrs.
+      BHP held its annual dividend unchanged at 37.5 cents after
+  declaring a steady final dividend of 20 cents and announced a
+  one-for-five bonus issue to shareholders registered May 1.
+      The bonus is being made from reserves which will not
+  qualify for tax-free distribution after the introduction of
+  dividend imputation next July 1.
+      The bonus shares will not rank for the final dividend, BHP
+  said.
+      BHP said it should not be expected that the present rate of
+  dividend will be maintained on the increased capital.
+      The level of future dividends will be influenced by the
+  implications of the proposed dividend imputation legislation,
+  it said.
+      As previously reported, dividends will become tax-free in
+  shareholders' hands provided they are paid out of profits that
+  have borne the full 49 pct company tax rate.
+      BHP, which confined comment to the third quarter, said
+  petroleum net earnings dropped to 98.8 mln dlrs from 139.6 mln
+  a year earlier, and steel profit to 27.0 mln from 48.8 mln.
+      BHP said the petroleum division earnings fall reflected
+  generally lower oil prices and sales volumes from Bass Strait
+  while the steel decline was due to a five pct fall in domestic
+  sales and higher costs associated with the commissioning of new
+  plant and some operational difficulties.
+      The rise in third quarter minerals net to 95.7 mln dlrs
+  from 81.5 mln a year earlier largely reflected the increase in
+  ownership of the Mt Newman iron ore project, it said.
+      The 60.7 mln dlr extraordinary gain, all in the third term,
+  reflected a 240.7 mln profit on the sale of <Blue Circle
+  Southern Cement Ltd> offset by a U.S. Oil acreage writedown.
+  
+
diff --git a/reuters/training/10294 b/reuters/training/10294
new file mode 100644
index 0000000000000000000000000000000000000000..08b1f0a66ccfe236d02b714d34e16e8021dd8ed8
--- /dev/null
+++ b/reuters/training/10294
@@ -0,0 +1,5 @@
+Japan Feb current account surplus 7.38 billion dlrs (Jan 4.95 billion surplus)
+
+  Japan Feb current account surplus 7.38 billion dlrs (Jan 4.95 billion surplus)
+  
+
diff --git a/reuters/training/10295 b/reuters/training/10295
new file mode 100644
index 0000000000000000000000000000000000000000..a209b660802fa4d3bc0cd00f9ba495de02fea84d
--- /dev/null
+++ b/reuters/training/10295
@@ -0,0 +1,5 @@
+Japan February trade surplus 8.14 billion dlrs (January 5.70 billion surplus)
+
+  Japan February trade surplus 8.14 billion dlrs (January 5.70 billion surplus)
+  
+
diff --git a/reuters/training/10297 b/reuters/training/10297
new file mode 100644
index 0000000000000000000000000000000000000000..8f9b69f2ef41b90fa95aaf9af611e04e37b00a07
--- /dev/null
+++ b/reuters/training/10297
@@ -0,0 +1,39 @@
+JAPAN FEBRUARY CURRENT ACCOUNT, TRADE SURPLUS JUMP
+  Japan's current account surplus rose to
+  7.38 billion dlrs in February from 3.89 billion a year ago and
+  from 4.95 billion in January, the Finance Ministry said.
+      The trade surplus rose to 8.14 billion dlrs in February
+  from 4.77 billion a year earlier and 5.70 billion in January.
+      The long-term capital account deficit widened to 11.40
+  billion dlrs from 8.06 billion a year ago, but it narrowed from
+  12.32 billion in January, the Ministry said.
+      Japan's February exports rose to 16.74 billion dlrs from
+  14.89 billion in February 1986 and from 14.65 billion in
+  January, the Ministry said. Imports fell to 8.61 billion from
+  10.12 billion a year earlier and 8.94 billion in January.
+      The invisible trade deficit fell to 617 mln dlrs in
+  February from 693 mln a year earlier, but was up from a 527 mln
+  deficit in January.
+      Figures do not tally exactly because of rounding.
+      Transfer payments narrowed to a 140 mln dlr deficit last
+  month from a 185 mln deficit a year earlier and a 225 mln
+  deficit in January.
+      The basic balance of payments deficit in February fell to
+  4.02 billion dlrs from 4.17 billion in February 1986 and 7.37
+  billion in January. Short-term capital account payments swung
+  to a 1.28 billion dlr deficit in February from a 1.60 billion
+  surplus a year earlier and a 1.44 billion dlr surplus in
+  January.
+      Errors and omissions were 2.65 billion dlrs in surplus,
+  compared with a 1.27 billion surplus a year earlier and a 1.10
+  billion deficit in January. The overall balance of payments
+  deficit rose to 2.65 billion dlrs from 1.30 billion a year
+  earlier but was down from 7.04 billion in January.
+      The seasonally adjusted trade surplus fell to 9.16 billion
+  dlrs in February from the record 9.58 billion in January, the
+  Ministry said.
+      The seasonally adjusted current account surplus also
+  dropped to 8.4 billion dlrs in February from the record 8.83
+  billion set in January.
+  
+
diff --git a/reuters/training/10299 b/reuters/training/10299
new file mode 100644
index 0000000000000000000000000000000000000000..75dc4820e1147cac80eb4011354f24d2b749baa5
--- /dev/null
+++ b/reuters/training/10299
@@ -0,0 +1,19 @@
+PHILIPPINES TO LOBBY U.S. FOR HIGHER SUGAR QUOTA
+  The Philippines will ask the U.S.
+  Agriculture Department (USDA) to increase its 1987 sugar import
+  quota following market reports that Taiwan will not be able to
+  fulfil its quota, Sugar Regulation Administration (SRA)
+  chairman Arsenim Yulo said.
+      Yulo told Reuters the SRA would also protest a USDA move to
+  award Taiwan's shortfall to the Dominican Republic.
+      The Dominican Republic already has a larger sugar quota,
+  Yulo said. "Any Taiwanese shortfall should be awarded to the
+  Philippines or at the least we should share a hike with the
+  Dominican Republic."
+      The USDA last December listed 1987 sugar import quota
+  allocations for the Dominican Republic at 160,160 short tons
+  and for Taiwan at 10,920 short tons.
+      The Philippines has said it was badly hit by a cut in its
+  quota to 143,780 short tons from 231,660 in 1986.
+  
+
diff --git a/reuters/training/103 b/reuters/training/103
new file mode 100644
index 0000000000000000000000000000000000000000..56f66ec3fbee873b4f839e791f2d20844ef4919e
--- /dev/null
+++ b/reuters/training/103
@@ -0,0 +1,3 @@
+26-FEB-1987
+  26-FEB-1987
+
diff --git a/reuters/training/1030 b/reuters/training/1030
new file mode 100644
index 0000000000000000000000000000000000000000..82084e9fe86edd53618aab2a612e62eb852a1213
--- /dev/null
+++ b/reuters/training/1030
@@ -0,0 +1,13 @@
+ZIMBABWE COFFEE OUTPUT SET TO RISE
+  Zimbabwean coffee output will reach
+  13,000 tonnes this year, up on just over 11,000 tonnes produced
+  in 1986, the Commercial Coffee Growers Association said.
+      Administrative Executive Robin Taylor told the domestic
+  news agency ZIANA that Zimbabwe earned the equivalent of 33 mln
+  U.S. Dlrs from coffee exports last year. He would not say how
+  much the country would earn in 1987.
+      Taylor said the 173 commercial coffee growers under his
+  association had increased production from 5,632 tonnes in 1980
+  to more than 11,000 tonnes in l986.
+  
+
diff --git a/reuters/training/10300 b/reuters/training/10300
new file mode 100644
index 0000000000000000000000000000000000000000..82718cdb2c0eb96494a762b9ae41ae3b99e94410
--- /dev/null
+++ b/reuters/training/10300
@@ -0,0 +1,11 @@
+INDIA'S 1986/87 CASTOR OIL EXPORTS FALL - TRADERS
+  India's castor oil exports are
+  provisionally estimated at 30,000 tonnes in fiscal 1986/87,
+  ending March 31, against 54,000 tonnes in 1985/86 due to a
+  shortfall in the domestic castorseed crop, private traders
+  said.
+      Drought in parts of the country is expected to reduce the
+  castorseed crop to a provisionally estimated 350,000 tonnes in
+  1986/87 from 550,000 tonnes in 1985/86, they told Reuters.
+  
+
diff --git a/reuters/training/10302 b/reuters/training/10302
new file mode 100644
index 0000000000000000000000000000000000000000..4be3a058ed4111b5acda07733a5d5d21f619cb1f
--- /dev/null
+++ b/reuters/training/10302
@@ -0,0 +1,25 @@
+UNITED STATES LINES LAYS OFF FAR EAST STAFF
+  <United States Lines Inc> has laid
+  off 260 employees, almost its entire Far East staff, its Hong
+  Kong office general manager Elliott Burnside told Reuters.
+      He also said calls by two of its container ships to Busan,
+  South Korea and Kaohsiung, Taiwan, had been cancelled.
+      He declined comment on local press reports that U.S. Lines
+  planned to suspend operations because of failure to restructure
+  its 1.27 billion U.S. Dlr debt, but said the firm would make an
+  announcement later today.
+      U.S. Lines filed for protection from its creditors under
+  Chapter Eleven of the U.S. Federal law last November.
+      The English-language South China Morning Post said U.S.
+  Lines decided yesterday to sell its two remaining transpacific
+  service fleets and assets and those of its U.S.-South America
+  operation.
+      It quoted a letter by company's chief executive Charles
+  Hiltzheimer that said the ships and assets will be bought by
+  rival U.S. Shipping companies, subject to approval by their
+  boards.
+      U.S. Lines' Far East operations comprise offices in Hong
+  Kong, Singapore, Manila, Busan, Seoul, Tokyo, Yokohama, Kobe
+  and Osaka, Burnside said.
+  
+
diff --git a/reuters/training/10305 b/reuters/training/10305
new file mode 100644
index 0000000000000000000000000000000000000000..ba7960de7ca1f2cd4623268ab607755aff081341
--- /dev/null
+++ b/reuters/training/10305
@@ -0,0 +1,12 @@
+USDA REJECTS SRI LANKA'S 80 U.S. DLR WHEAT PRICE
+  Sri Lankan Food Department officials
+  said the U.S. Department of Agriculture rejected a U.S. Firm's
+  offer of 80 U.S. Dlrs per tonne CAF to supply 52,500 tonnes of
+  soft wheat to Colombo from the Pacific Northwest.
+      They said Sri Lanka's Food Department subsequently made a
+  counter-offer to five U.S. Firms to buy wheat at 85 U.S. Dlrs
+  CAF for April 8-16 delivery.
+      The company which obtains USDA approval for the proposed
+  price must inform the Department before 1330 gmt, they said.
+  
+
diff --git a/reuters/training/10306 b/reuters/training/10306
new file mode 100644
index 0000000000000000000000000000000000000000..7da76803785db816c5961e051374e2d647f49afa
--- /dev/null
+++ b/reuters/training/10306
@@ -0,0 +1,84 @@
+PHILIPPINE SUGAR CROP SET AT 1.6 MLN TONNES
+  Philippine sugar production in the
+  1987/88 crop year ending August has been set at 1.6 mln tonnes,
+  up from a provisional 1.3 mln tonnes this year, Sugar
+  Regulatory Administration (SRA) chairman Arsenio Yulo said.
+      Yulo told Reuters a survey during the current milling
+  season, which ends next month, showed the 1986/87 estimate
+  would almost certainly be met.
+      He said at least 1.2 mln tonnes of the 1987/88 crop would
+  be earmarked for domestic consumption.
+      Yulo said about 130,000 tonnes would be set aside for the
+  U.S. Sugar quota, 150,000 tonnes for strategic reserves and
+  50,000 tonnes would be sold on the world market.
+      He said if the government approved a long-standing SRA
+  recommendation to manufacture ethanol, the project would take
+  up another 150,000 tonnes, slightly raising the target.
+      "The government, for its own reasons, has been delaying
+  approval of the project, but we expect it to come through by
+  July," Yulo said.
+      Ethanol could make up five pct of gasoline, cutting the oil
+  import bill by about 300 mln pesos.
+      Yulo said three major Philippine distilleries were ready to
+  start manufacturing ethanol if the project was approved.
+      The ethanol project would result in employment for about
+  100,000 people, sharply reducing those thrown out of work by
+  depressed world sugar prices and a moribund domestic industry.
+      Production quotas, set for the first time in 1987/88, had
+  been submitted to President Corazon Aquino.
+      "I think the President would rather wait till the new
+  Congress convenes after the May elections," he said. "But there
+  is really no need for such quotas. We are right now producing
+  just slightly over our own consumption level."
+      "The producers have never enjoyed such high prices," Yulo
+  said, adding sugar was currently selling locally for 320 pesos
+  per picul, up from 190 pesos last August.
+      Yulo said prices were driven up because of speculation
+  following the SRA's bid to control production.
+      "We are no longer concerned so much with the world market,"
+  he said, adding producers in the Negros region had learned from
+  their mistakes and diversified into corn and prawn farming and
+  cloth production.
+      He said diversification into products other than ethanol
+  was also possible within the sugar industry.
+      "The Brazilians long ago learnt their lessons," Yulo said.
+  "They have 300 sugar mills, compared with our 41, but they
+  relocated many of them and diversified production. We want to
+  call this a 'sugarcane industry' instead of the sugar industry."
+      He said sugarcane could be fed to pigs and livestock, used
+  for thatching roofs, or used in room panelling.
+      "When you cut sugarcane you don't even have to produce
+  sugar," he said.
+      Yulo said the Philippines was lobbying for a renewal of the
+  International Sugar Agreement, which expired in 1984.
+      "As a major sugar producer we are urging them to write a new
+  agreement which would revive world prices," Yulo said.
+      "If there is no agreement world prices will always be
+  depressed, particularly because the European Community is
+  subsidising its producers and dumping sugar on the markets."
+      He said current world prices, holding steady at about 7.60
+  cents per pound, were uneconomical for the Philippines, where
+  production costs ranged from 12 to 14 cents a pound.
+      "If the price holds steady for a while at 7.60 cents I
+  expect the level to rise to about 11 cents a pound by the end
+  of this year," he said.
+      Yulo said economists forecast a bullish sugar market by
+  1990, with world consumption outstripping production.
+      He said sugar markets were holding up despite encroachments
+  from artificial sweeteners and high-fructose corn syrup.
+      "But we are not happy with the Reagan Administration," he
+  said. "Since 1935 we have been regular suppliers of sugar to the
+  U.S. In 1982, when they restored the quota system, they cut
+  ours in half without any justification."
+      Manila was keenly watching Washington's moves to cut
+  domestic support prices to 12 cents a pound from 18 cents.
+      The U.S. Agriculture Department last December slashed its
+  12 month 1987 sugar import quota from the Philippines to
+  143,780 short tons from 231,660 short tons in 1986.
+      Yulo said despite next year's increased production target,
+  some Philippine mills were expected to shut down.
+      "At least four of the 41 mills were not working during the
+  1986/87 season," he said. "We expect two or three more to follow
+  suit during the next season."
+  
+
diff --git a/reuters/training/10308 b/reuters/training/10308
new file mode 100644
index 0000000000000000000000000000000000000000..8940daca2fdb4113dbd0f999b47f5c263e147d2a
--- /dev/null
+++ b/reuters/training/10308
@@ -0,0 +1,13 @@
+JAPAN SETS ASIDE YEN FUNDS TO PREVENT DLR FALL
+  The 50-day provisional 1987/88 budget,
+  adopted today by the government, allows the Finance Ministry to
+  issue up to 14,600 billion yen worth of foreign exchange fund
+  financing bills, government sources said.
+      Foreign exchange dealers said the yen funds would be used
+  to buy dollars, to prevent a further dollar fall.
+      The government sources said the amount, covering the first
+  50 days of the year starting April 1, accounts for more than 90
+  pct of the 16,000 billion yen in bills incorporated in the full
+  budget.
+  
+
diff --git a/reuters/training/10310 b/reuters/training/10310
new file mode 100644
index 0000000000000000000000000000000000000000..49cade1f3837d36a563180f5da150a5fe531ff60
--- /dev/null
+++ b/reuters/training/10310
@@ -0,0 +1,13 @@
+MITSUBISHI BUYS INTO DANISH DAIRY PRODUCT FIRM
+  Mitsubishi Corp <MITT.TOK> said it has
+  taken a 25 pct stake worth five mln krone in <Danish Dairy
+  Farms Ltd> and will jointly market its produce from April.
+      The company was set up last year by three major Danish
+  livestock cooperative federations to expand markets for their
+  dairy products, a Mitsubishi official said.
+      This is the first time a Japanese trading house has traded
+  non-Japanese dairy products in the world market, he said.
+      He said Mitsubishi expects the Danish company's annual
+  sales to be 10 billion yen in its first year, from April 1.
+  
+
diff --git a/reuters/training/10311 b/reuters/training/10311
new file mode 100644
index 0000000000000000000000000000000000000000..39c1a00a973bfb48a99ef8b6db23fef8ac915d82
--- /dev/null
+++ b/reuters/training/10311
@@ -0,0 +1,57 @@
+JAPAN ACTS TO COOL U.S. ANGER ON TELECOMS DISPUTE
+  Japan has sought to assure the U.S. It is
+  not trying to keep foreign equity in a new Japanese
+  international telecommunications company below the legal limit
+  of 33 pct, a Post and Telecommunications ministry official
+  said.
+      In a letter sent yesterday, Postal Minister Shunjiro
+  Karasawa told U.S. Commerce Secretary Malcolm Baldrige that the
+  ministry does not object to foreign participation by those U.S.
+  Firms that have expressed interest.
+      But it does oppose any foreign international
+  telecommunications carrier having a management role, he said.
+      The move appears to be an effort to dampen U.S. Opposition
+  to the planned merger of two rival firms seeking to compete
+  with the current monopoly <Kokusai Denwa Denshin Co Ltd>, and
+  to reduce the share held in any KDD rival by U.K.'s Cable and
+  Wireless Plc <CAWL.L>, industry analysts and diplomats said.
+      One of the rival firms, <International Telecom Japan Inc>
+  (ITJ) has offered a stake in the company to eight U.S. Firms
+  including General Electric Co <GE>, Ford Motor Co <F> and
+  Citibank NA <CCI), and two European companies, ITJ president
+  Nobuo Ito said yesterday.
+      Cable and Wireless holds a 20 pct share in a second
+  potential KDD rival, <International Digital Communications
+  Planning Inc>, along with <C Itoh and Co>. Merrill Lynch and Co
+  Inc <MER> and Pacific Telesis International Inc <PAC>, both of
+  the U.S., Hold three and 10 pct shares respectively.
+      The Post and Telecommunications Ministry has urged the
+  merger of the two firms because it says the market can only
+  support a single KDD competitor.
+      It has also rejected management participation by an
+  international common carrier, such as Cable and Wireless,
+  arguing no international precedent for such a stake exists.
+      Cable and Wireless Director of Corporate Strategy, Jonathan
+  Solomon, yesterday again told ministry officials he opposes a
+  merger proposal that would limit Cable and Wireless' share to
+  less than three pct and total foreign participation to about 20
+  pct, the ministry official said.
+      Channeling the U.S. Firms into a single merged competitor
+  would most probably result in diluting Cable and Wireless'
+  share, industry analysts said.
+      "Eventually the ministry will get what it wants -- one
+  combined competitor," Bache Securities (Japan) Ltd analyst
+  Darrell Whitten said.
+      "Political ... Leverage may get the total foreign share up
+  to a certain amount, but you won't find any one company with an
+  extraordinarily large holding," Whitten said.
+      Western diplomatic sources were more blunt.
+      "They (the ministry) don't want to see Cable and Wireless
+  with a reasonable share and they think of all sorts of
+  strategies to reduce that share," one said.
+      Fumio Watanabe, a senior Keidanren (a leading business
+  organization) official who has been trying to arrange the
+  merger, will present a new outline of his proposal on Thursday,
+  the ministry official said.
+  
+
diff --git a/reuters/training/10313 b/reuters/training/10313
new file mode 100644
index 0000000000000000000000000000000000000000..ea327e1c8945dbb42eca37ff78b9a7ef5625a665
--- /dev/null
+++ b/reuters/training/10313
@@ -0,0 +1,25 @@
+ASSOCIATED NEWSPAPERS HAS 10 PCT OF NORTHERN STAR
+  <Northern Star Holdings Ltd> said
+  Britain's <Associated Newspapers Holdings Plc> will hold 9.99
+  pct of its enlarged issued capital after applying to acquire
+  15.9 mln shares in its recently announced placement.
+      Associated was one of the major investors participating in
+  the previously reported placement of 128.9 mln shares at 3.75
+  dlrs each, Northern Star said in a statement.
+      The northern New South Wales regional group is emerging as
+  a national media force in the wake of the industry
+  restructuring sparked by the News Corp Ltd <NCPA.S> takeover of
+  the Herald and Weekly Times Ltd <HWTA.S> group.
+      Associated now holds 3.3 pct of Northern Star's current
+  issued capital, a company official said.
+      As previously reported, Northern Star is raising 623 mln
+  dlrs through placements and a subsequent one-for-four rights
+  issue at 2.95 dlrs a share.
+      Of the placements, 56.9 mln shares will go to a number of
+  investors and 72 mln to investment group <Westfield Capital
+  Corp Ltd>, which arranged Northern Star's purchase of News
+  Corp's television assets, three newspapers and three radio
+  stations for 842 mln dlrs. Westfield will increase its stake in
+  Northern Star to about 45 pct from 20 as a result.
+  
+
diff --git a/reuters/training/10314 b/reuters/training/10314
new file mode 100644
index 0000000000000000000000000000000000000000..75fd1f16bd699828eb0057edb9eada15fc44976d
--- /dev/null
+++ b/reuters/training/10314
@@ -0,0 +1,12 @@
+BELGIAN DECEMBER INDUSTRIAL OUTPUT FALLS
+  Industrial production, excluding
+  construction and adjusted for the number of working days, fell
+  1.5 pct in December from year earlier levels, the National
+  Statistics Office said.
+      It was also a sharp 16.8 pct below the November level, it
+  said.
+      The office said the production index, base 1980, stood at
+  97.3 in December against an adjusted 116.9 in November and 98.8
+  in December 1985.
+  
+
diff --git a/reuters/training/10315 b/reuters/training/10315
new file mode 100644
index 0000000000000000000000000000000000000000..6a6fd6e7848af4dec5bec20b744f7e2ac41a1914
--- /dev/null
+++ b/reuters/training/10315
@@ -0,0 +1,12 @@
+TWO JAPANESE STEELMAKERS' CAPITAL SPENDING FALLS
+  Kawasaki Steel Corp <KAWS.T> said its
+  parent company's capital spending in the year from April 1 will
+  fall to 75 billion yen from 110 billion in the current year,
+  and Sumitomo Metal Industries Ltd <SMIT.T> said its capital
+  spending will drop to 70 billion yen from 85 billion.
+      Both companies said they do not plan to start new large
+  construction projects linked to production increases in the
+  coming year, because of the yen's appreciation and slow world
+  steel demand.
+  
+
diff --git a/reuters/training/10318 b/reuters/training/10318
new file mode 100644
index 0000000000000000000000000000000000000000..d7fc0bf622a8884b1327e3d33aa54f574aca95f9
--- /dev/null
+++ b/reuters/training/10318
@@ -0,0 +1,14 @@
+AVANA DEFENCE DOCUMENT FORECASTS PROFITS RISE
+  <Avana Group Plc>, defending itself
+  against a bid from Ranks Hovis McDougall Plc <RHML.L>, RHM,
+  forecast a 3.4 mln stg rise in profits in the 1986/87 year.
+      It said pretax profit should rise to 23.0 mln stg in the
+  year to April 2, 1987 from 19.6 mln previously, and reach 27.5
+  mln in 1987/88. It expects share earnings to rise to 46.9p from
+  38.7p and to 51.2p in 1987/88, and the 1986/87 dividend to be
+  17.0p net, a 41.6 pct increase.
+      The bid from RHM, rejected by the food and bakery group, is
+  worth about 270 mln stg. RHM currently has a 22.9 pct stake in
+  purchases and acceptances.
+  
+
diff --git a/reuters/training/10319 b/reuters/training/10319
new file mode 100644
index 0000000000000000000000000000000000000000..d7f5b14bf33e292e825c9747899d0e875cc4390b
--- /dev/null
+++ b/reuters/training/10319
@@ -0,0 +1,21 @@
+TAIWAN BUYS 340,000 TONNES OF U.S. MAIZE
+  The joint committee of Taiwan's maize
+  importers awarded contracts to five U.S. Companies for seven
+  shipments totalling 340,000 tonnes of maize for delivery
+  between September 1 and December 20, a committee official said.
+      United Grain Corp of Oregon won two contracts for the
+  supply of 110,000 tonnes, priced between 92.44 and 96.00 dlrs
+  per tonne, for September 1-15 and November 5-20 delivery.
+      Cargill Inc of Minnesota also took two shipments totalling
+  110,000 tonnes, priced between 93.45 and 94.65 dlrs per tonne,
+  for October 1-15 and December 5-20 delivery.
+      ADM Export Co of Minnesota received a 54,000 tonne cargo,
+  at 93.75 dlrs per tonne, for November 1-15 delivery.
+      Cigra Inc of Chicago won a contract to supply 33,000
+  tonnes, at 96.89 dlrs per tonne, for November 25-December 10
+  delivery.
+      Elders Grain Inc of Kansas took a 33,000 tonne shipment, at
+  96.06 dlrs per tonne, for December 1-15 delivery.
+      All shipments are c and f Taiwan.
+  
+
diff --git a/reuters/training/1032 b/reuters/training/1032
new file mode 100644
index 0000000000000000000000000000000000000000..27c7360b6f2156063514cd497d29f874c3397074
--- /dev/null
+++ b/reuters/training/1032
@@ -0,0 +1,11 @@
+VIDEO DISPLAY <VIDE> TO SELL CABLE TV UNIT
+  Video Display Corfp said it has reached
+  a tentiative agreement to sell its existing cable television
+  business for undisclosed terms and expects to report a gain on
+  the transaction.  The buyer was not named.
+      The company said it will redeploy its service assets into
+  manufacturing and distribution.
+      It said the operations being sold accounted for about five
+  pct of revenues for the year ended February 28 and lost money.
+  
+
diff --git a/reuters/training/10321 b/reuters/training/10321
new file mode 100644
index 0000000000000000000000000000000000000000..373840e6c716945c268ff79b827e1b0e47ad6138
--- /dev/null
+++ b/reuters/training/10321
@@ -0,0 +1,11 @@
+U.K. MONEY MARKET DEFICIT FORECAST AT 700 MLN STG
+  The Bank of England said it forecast a
+  shortage of around 700 mln stg in the money market today.
+      Among the main factors affecting liquidity, bills maturing
+  in official hands will drain some 501 mln stg while a rise in
+  note circulation and bankers' balances below target will take
+  out around 285 mln stg and 45 mln stg respectively.
+      Partly offsetting these outflows, exchequer transactions
+  will add some 120 mln stg to the system today.
+  
+
diff --git a/reuters/training/10322 b/reuters/training/10322
new file mode 100644
index 0000000000000000000000000000000000000000..1e704009016a2281f1a697864878144f082bd8cf
--- /dev/null
+++ b/reuters/training/10322
@@ -0,0 +1,14 @@
+JAPAN ALUMINIUM OUTPUT FALLS IN FEBRUARY
+  Japanese aluminium output fell to 5,298
+  tonnes in February from 7,472 in January and 14,280 a year
+  earlier, preliminary International Trade and Industry Ministry
+  figures show.
+      Output fell sharply from a year ago as most aluminium firms
+  stopped smelting in the past year due to cheap imports,
+  industry sources said.
+      Sales and end-month stocks in tonnes were:
+              Feb 87   Jan 87   Feb 86
+      Sales   36,557   38,678   75,687
+      Stocks  53,248   56,620  127,083
+  
+
diff --git a/reuters/training/10323 b/reuters/training/10323
new file mode 100644
index 0000000000000000000000000000000000000000..6044ea10d36b691a02b960575d33ee471f1fcebf
--- /dev/null
+++ b/reuters/training/10323
@@ -0,0 +1,5 @@
+ Bank of France buying dollars for yen - banking sources
+
+   Bank of France buying dollars for yen - banking sources
+  
+
diff --git a/reuters/training/10324 b/reuters/training/10324
new file mode 100644
index 0000000000000000000000000000000000000000..795bcf128db556caa510307313123a440844a272
--- /dev/null
+++ b/reuters/training/10324
@@ -0,0 +1,12 @@
+JAPAN ALUMINIUM IMPORTS RISE IN FEBRUARY
+  Japanese primary aluminium imports rose
+  to 98,170 tonnes in February from 91,157 in January and 94,926
+  a year earlier, the Japan Aluminium Federation said.
+      This brought total imports in 1986/87, ending March 31, to
+  1.09 mln tonnes against 1.25 mln a year earlier.
+      The February total included 19,102 tonnes from the U.S.
+  Against 16,577 in January and 9,933 a year ago, 24,391 from
+  Australia against 19,585 and 21,208, and 12,611 from Indonesia
+  against 5,891 and 16,601.
+  
+
diff --git a/reuters/training/10328 b/reuters/training/10328
new file mode 100644
index 0000000000000000000000000000000000000000..57fefa4335f1864c549d291d1a16cfca74a196e4
--- /dev/null
+++ b/reuters/training/10328
@@ -0,0 +1,25 @@
+MITSUBISHI MOTORS AUSTRALIA MAKES 19 MLN DLR LOSS
+  <Mitsubishi Motors Australia Ltd>
+  (MMAL) reported a 19.64 mln dlr net loss in calendar 1986 from
+  a 5.80 mln dlr profit in 1985 on turnover of 837.79 mln dlrs
+  from 942.89 mln.
+      MMAL, 99 pct-owned by Mitsubishi Motors Corp <MIMT.T> and
+  Mitsubishi Corp <MITT.T>,  said a tight market meant it had
+  failed to recover 19 mln dlrs in costs sustained because of a
+  weak Australian dollar.
+      The company said its Magna car dominated its market segment
+  with sales of 30,500 units against 26,900 in 1985. Total sales
+  were 64,100, down 15,900.
+      In addition, export of components to Japan increased with
+  15 mln dlrs invested in 1986 to expand output of aluminium
+  cylinder heads to 26,000 per month from 6,000, MMAL said.
+      Imported passenger car, light commercial and heavy vehicle
+  sales suffered while local-manufacturing profitability was
+  eroded by sales substantially below production capacity, it
+  said.
+      Australian car sales fell to 530,000 in 1985 from 696,000
+  in 1985, although MMAL said it lifted its market penetration to
+  12.1 pct from 11.5 pct.
+      No dividend was recommended.
+  
+
diff --git a/reuters/training/1033 b/reuters/training/1033
new file mode 100644
index 0000000000000000000000000000000000000000..b5a6c06a3e9717ed8cf3333c5f617e74311d6faa
--- /dev/null
+++ b/reuters/training/1033
@@ -0,0 +1,10 @@
+INTEK DIVERSIFIED CORP <IDCC> 4TH QTR NET
+  Shr three cts vs three cts
+      Net 98,20000 vs 91,898
+      Revs 2,843,520 vs 2,372,457
+      Year
+      Shr 13 cts vs 21 cts
+      Net 401,179 vs 681,374
+      Revs 10.5 mln vs 9,699,535
+  
+
diff --git a/reuters/training/10330 b/reuters/training/10330
new file mode 100644
index 0000000000000000000000000000000000000000..dc8a0c99cd32840e45a91e44fff300247384747b
--- /dev/null
+++ b/reuters/training/10330
@@ -0,0 +1,12 @@
+INDIA BUYS 20,000 TONNES OF RAPESEED OIL
+  The Indian State Trading Corporation
+  (STC) bought a 20,000 tonne cargo of optional origin rapeseed
+  oil at its vegetable oil import tender yesterday, traders said.
+  The oil was for June 20/July 20 shipment at 321 dlrs per tonne
+  cif.
+      Traders said the STC attempted to buy eight cargoes of
+  processed palm oil but its price ideas were too low for
+  exporters. It also failed to secure soyoil for the same reason,
+  they said.
+  
+
diff --git a/reuters/training/10332 b/reuters/training/10332
new file mode 100644
index 0000000000000000000000000000000000000000..ff25b47082015b3feeed88dc2da53c6ef407be0a
--- /dev/null
+++ b/reuters/training/10332
@@ -0,0 +1,9 @@
+THAI TIN EXPORTS FALL IN FEBRUARY
+  Thailand exported 1,120 tonnes of tin
+  metal in February, down from 1,816 tonnes the previous month
+  and 2,140 tonnes a year ago, the Mineral Resources Department
+  said.
+      It said major buyers last month were Britain, Japan, the
+  Netherlands, West Germany and the U.S.
+  
+
diff --git a/reuters/training/10334 b/reuters/training/10334
new file mode 100644
index 0000000000000000000000000000000000000000..adb2ad8d1e2a51ab9a7b26fcb3d7effcf770eb7a
--- /dev/null
+++ b/reuters/training/10334
@@ -0,0 +1,21 @@
+BOTSWANA BANS ZIMBABWE MEAT PRODUCTS, AGENCY SAYS
+  Botswana has stopped importing almost
+  all meat products from Zimbabwe after reports of a suspected
+  outbreak of foot and mouth disease in the neighbouring country.
+      Botswana's official news agency, BOPA, announcing the ban
+  last night, quoted Agriculture Minister Daniel Kwelagobe as
+  saying only sterilised and canned animal products would be
+  allowed into the country, with immediate effect.
+      He said Zimbabwean veterinary officials had notified him
+  that they suspected foot and mouth disease had broken out at
+  Insiza, 100 km northeast of Bulawayo, capital of the mainly
+  cattle-ranching southwestern province of Matabeleland.
+      Zimbabwean officials were not immediately available for
+  comment.
+      The ban will affect products such as uncanned meat, milk,
+  ham, butter and bacon, BOPA reported.
+      Botswana exports much of its high-grade beef to the
+  European Community and augments its local supplies with meat
+  imports from Zimbabwe.
+  
+
diff --git a/reuters/training/10335 b/reuters/training/10335
new file mode 100644
index 0000000000000000000000000000000000000000..cb1564239d1515b0eaa659990ed0e915a56ba77d
--- /dev/null
+++ b/reuters/training/10335
@@ -0,0 +1,24 @@
+ALCAN AUSTRALIA BIDS FOR ALCAN NEW ZEALAND
+  Alcan Australia Ltd <AL.S> said it will
+  make a 39.3 mln N.Z. Dlr cash bid for all the issued shares of
+  <Alcan New Zealand Ltd> at 1.80 N.Z. Dlrs each with a
+  four-for-three share alternative.
+      Both are 70 pct owned by Canada's Alcan Aluminium Ltd <AL>
+  which will take the share swap option, Alcan Australia deputy
+  chairman Jeremy Davis said in a statement. The remainder of
+  Alcan New Zealand's totalled issued 21.84 mln shares are
+  broadly held while Alcan Australia's are primarily held by
+  institutions. Alcan NZ last traded at 1.55 NZ dlrs, while Alcan
+  Australia today ended four cents down at 1.15 dlrs.
+      Davis said the offer, which is subject to approval by the
+  New Zealand Overseas Investment Commission, was a response to
+  the integration of the two countries' markets under the
+  Australia-New Zealand Closer Economic Relations treaty.
+      Alcan New Zealand shareholders who accept the offer would
+  also receive the final dividend of 10 cents a share normally
+  payable on May 27.
+      Alcan Australia would invite New Zealand representation to
+  its board and would apply to list its shares on the New Zealand
+  Stock exchange, Davis said.
+  
+
diff --git a/reuters/training/10337 b/reuters/training/10337
new file mode 100644
index 0000000000000000000000000000000000000000..2df6077611939e18ac37300f7f3dea689827e886
--- /dev/null
+++ b/reuters/training/10337
@@ -0,0 +1,5 @@
+ Bundesbank bought dollars against yen in Frankfurt - dealers
+
+   Bundesbank bought dollars against yen in Frankfurt - dealers
+  
+
diff --git a/reuters/training/10338 b/reuters/training/10338
new file mode 100644
index 0000000000000000000000000000000000000000..05ede5a11ecb677b551a47528ec741f592634211
--- /dev/null
+++ b/reuters/training/10338
@@ -0,0 +1,8 @@
+ESSILOR INTERNATIONAL <ESSI.PA> YEAR ENDED DEC 31
+  Provisional consolidated net attributable profit 242.1 mln
+  francs vs 240.1 mln.
+      Investments 318 mln vs 317 mln.
+      Dividend on ordinary shares 45 francs vs 42 francs.
+      Dividend on priority shares 51 francs vs 48 francs.
+  
+
diff --git a/reuters/training/10339 b/reuters/training/10339
new file mode 100644
index 0000000000000000000000000000000000000000..0e3eb876c40b9a98ef12a11c4f71888888e72478
--- /dev/null
+++ b/reuters/training/10339
@@ -0,0 +1,18 @@
+SOUTH AFRICAN MAIZE ESTIMATE CALLED CONSERVATIVE
+  The South African government's
+  maize production estimate of 7.8 mln tonnes for the current
+  year is "rather too conservative," leading grain and produce
+  merchants Kahn and Kahn Pty Ltd said.
+      The company, in a detailed report, estimated the harvest as
+  high as 8.3 mln tonnes and said if this forecast is met the
+  ostensible surplus for export will be approximately 2.25 mln
+  tonnes.
+      "This paradoxically is creating a problem for the Maize
+  Board," Kahn and Kahn said.
+      It said the maize export price currently is depressed and
+  the board is "probably confronted with the necessity to maintain
+  or slightly increase the internal price of maize again...To
+  offset the ostensible loss which must be faced" on exporting
+  surplus amounts.
+  
+
diff --git a/reuters/training/10340 b/reuters/training/10340
new file mode 100644
index 0000000000000000000000000000000000000000..ab2186b6e711e9e3418afd757542666f0bbb02da
--- /dev/null
+++ b/reuters/training/10340
@@ -0,0 +1,26 @@
+ITALIAN 1987 GDP GROWTH FORECAST AT THREE PCT
+  Italy's gross domestic product (GDP) will
+  grow three pct in real terms this year and 2.7 pct in 1988,
+  said economic information company Data Resources Europe Inc
+  (DRI).
+      Michel Girardin, DRI Europe's senior economist, said at a
+  conference that Italian GDP growth this year "will be mainly
+  driven by consumption and especially investment."
+      Girardin said the driving force behind GDP growth next year
+  will shift from domestic demand to exports as a result of
+  expected depreciation of the lira against the major currencies.
+      Italy's budget ministry said yesterday that GDP rose 2.7
+  pct in real terms in 1986.
+      DRI forecast that inflation, which was an average 6.3 pct
+  in 1986, will be under five pct this year and that interest
+  rates should drop two pct.
+      Girardin said the lira is expected to appreciate 14 pct
+  against the dollar this year following last year's 22 pct
+  appreciation. An expected German mark appreciation against the
+  dollar means that the lira should lose about six pct of its
+  value relative to the German currency, he said.
+      DRI estimates that foreign demand for Italian products
+  should grow by a 3.2 pct this year following last year's 6.2
+  pct increase.
+  
+
diff --git a/reuters/training/10341 b/reuters/training/10341
new file mode 100644
index 0000000000000000000000000000000000000000..c406a984db4a28e2a1ed5878d03ea4154631720c
--- /dev/null
+++ b/reuters/training/10341
@@ -0,0 +1,40 @@
+TRADE SURPLUS WILL POSE ADDED PRESSURES FOR JAPAN
+  Japan today announced another mammoth
+  monthly trade surplus that economists said would be sure to
+  intensify already mounting pressure on the country for action.
+      "The world has every reason to be furious with Japan for not
+  moving more quickly," Jardine Fleming (Securities) Ltd economist
+  Eric Rasmussen said.
+      The Finance Ministry said today that the trade surplus
+  soared to 8.14 billion dlrs in February from 5.7 billion in
+  January and 4.77 billion a year ago.
+      The current account surplus, which includes trade in
+  services as well as goods, climbed to 7.38 billion dlrs last
+  month from 4.95 billion in January and 3.89 billion a year ago.
+      After being adjusted for seasonal fluctuations, the figures
+  look a bit better, but not much. On that basis, the trade
+  surplus declined slightly in February to 9.16 billion dlrs from
+  a record 9.58 billion in January.
+      "In the medium term we expect this modest improvement to
+  continue but the pace of progress may be too slow to ward off
+  further protectionism or further yen strength," said William
+  Stirling, economist at Merrill Lynch Japan Inc.
+      A strong yen would make Japanese goods more expensive on
+  world markets while making imports into the country cheaper.
+      "On a seasonally adjusted basis, we appear to be making some
+  progress on getting exports down," Jardine's Rasmussen said.
+      But imports do not seem to be picking up much because the
+  Japanese economy remains sluggish, he said.
+      Finance Ministry officials blamed last month's slower
+  import growth on a decline in oil imports as refiners worked
+  off stocks they had built up in January.
+      The officials took comfort from a decline in the volume of
+  exports last month, after an unexpected year-on-year increase
+  in January.
+      This means the effects of the two-year rise of the yen
+  against the U.S. Dollar are finally beginning to have an impact
+  on exports, they said.
+      But economists warned that may not be soon enough for
+  Japan's trading partners.
+  
+
diff --git a/reuters/training/10342 b/reuters/training/10342
new file mode 100644
index 0000000000000000000000000000000000000000..6b8503fe98618845c3ffa1110ac022ae60d96fd5
--- /dev/null
+++ b/reuters/training/10342
@@ -0,0 +1,23 @@
+THYSSEN SEES GOOD 1987 PROFIT DESPITE STEEL LOSSES
+  Thyssen AG <THYH.F> said
+  it expects to post a good profit in 1987 despite anticipated
+  losses in its mass steel-making operations this year.
+      Managing board chairman Dieter Spethmann told the annual
+  meeting the group was satisfied with profit developments in the
+  first half of the 1986/87 financial year to September 30.
+      The group's other three divisions -- specialty steel,
+  capital goods and trading -- had made a profit so far in
+  1986/87, he added.
+      Spethmann said income from associate companies had also
+  been good in early 1986/87.
+      In 1985/86 Thyssen's world group profit fell to 370.1 mln
+  marks from 472.4 mln in 1984/85, reflecting costs linked to its
+  steel operations. The company's dividend was an unchanged five
+  marks.
+      A Thyssen spokesman told Reuters that planned job cuts at
+  subsidiary Thyssen Stahl AG would be higher than announced
+  earlier. Total job losses by 1989 were now expected to total up
+  to 7,800 against original projections of 5,900. Thyssen Stahl
+  employs some 40,000 people.
+  
+
diff --git a/reuters/training/10344 b/reuters/training/10344
new file mode 100644
index 0000000000000000000000000000000000000000..78d9abf1c24471eb39b415a3068d2af5bd00fc8b
--- /dev/null
+++ b/reuters/training/10344
@@ -0,0 +1,92 @@
+ECONOMIC SPOTLIGHT - DUTCH EXCHANGE RATE POLICY
+  Recent slackness on Dutch capital
+  markets has led some bankers to question the Central Bank's
+  policy of pegging the guilder firmly to the West German mark
+  and to ask for more flexiblility in exchange rate policy.
+      While agreeing with the Bank's commitment to defend the
+  guilder strongly, some bankers want the Bank to make more use
+  of the range within which the guilder and the mark can
+  fluctuate against each other in the European Monetary System
+  (EMS).
+      Roelof Nelissen, chairman of Amsterdam-Rotterdam Bank NV
+  (Amro) said the Central Bank's policy was overcautious.
+      "I would like to suggest that the Bank use more freely the
+  range given to the guilder in the EMS," Nelissen said at the
+  presentation of Amro's 1986 annual report last week.
+      Within the EMS, the mark is allowed to fluctuate against
+  the guilder between 110.1675 and 115.235 guilders per 100.
+      The Central Bank maintains a stricter policy and tries to
+  keep the mark below the 113.00 guilders per 100. It regards a
+  stable exchange rate as its main target, using interest rate
+  policies to influence the exchange rate.
+      The preference of exchange rate goals above interest rate
+  aims goes almost undisputed in the Netherlands.
+      Critics say the Bank keeps the reins unnecessarily short.
+      Rabobank Nederland said in its latest economic bulletin: "By
+  maintaining the 113.00 limit, the Central Bank raises the
+  expectation it will always intervene above that level. If it
+  suddenly needs more flexibility it will find it very hard to
+  obtain."
+      Amro's Nelissen said relatively small changes in interest
+  rates and exchange rates could cause substantial flows of
+  securities business and sharp fluctuations on the Dutch capital
+  market. Large interest rate changes were often needed to bring
+  about small changes in the guilder/mark exchange rate, he
+  added.
+      Unlike Amro, Algemene Bank Nederland NV (ABN) says this is
+  a price the Dutch have to pay. It fully agrees with the Central
+  Bank's policy, director-general Julien Geertsema told Reuters,
+  noting a 1983 decision not to revalue the guilder fully with
+  the mark in the EMS hurt confidence in the Dutch currency.
+      "It is a pity we need such a wide interest rate difference
+  between West Germany to maintain the exchange rate," he added.
+      Interest rate differentials between West Germany and the
+  Netherlands are the main factors that trigger capital flows
+  between the two countries, as the economic performance of the
+  two does not differ much, economists said.
+      Data on 1986 capital flows between West Germany and the
+  Netherlands have not yet been released, but in 1985 they
+  accounted for only 10 pct of total trade flows between the two
+  countries, put at 110 billion guilders for 1986 by the
+  Dutch-German Chamber of Commerce earlier this month.
+      Economists say capital flows are more sensitive to interest
+  and exchange rates.
+      West Germany is the Netherlands' largest single trading
+  partner, taking 28 pct of Dutch exports and providing 26 pct of
+  imports in the last quarter of 1986, Central Bureau of
+  Statistics figures show.
+      At the moment, the rates for three month euromark deposits
+  trade around 4.0 pct while the same deposits in guilders have a
+  rate of around 5-7/16 pct.
+      Amro bank argues that the Dutch real interest rate will
+  even rise further because of expectations of deflation here in
+  1987, contrasting with slight inflation in West Germany.
+      In the Netherlands, the cost of living is expected to
+  decrease by 1.5 pct at a GNP growth rate of two pct, the Dutch
+  Central Planning Agency said in its 1987 forecast last month.
+  German GNP is seen rising by two to 2.5 pct, but with inflation
+  between zero and 1.0 pct, according to most German forecasts.
+      But despite this upward push on real Dutch rates, money
+  dealers do not expect the Central Bank to cut official rates
+  independently without prior moves by the Bundesbank.
+      Following the West German interest rate cuts on January 22,
+  the Dutch Central Bank did not lower its rates but set a 0.5
+  pct lower tariff for special advances and abandoned its credit
+  surcharge. Most traders were surprised by this move as they had
+  expected the Bank to follow suit unconditionally, they said.
+      The Bank said it lowered the rate with the largest impact
+  on the money market as far as the exchange rate permitted.
+      While not entirely unsympathetic to critics of its
+  policies, the Central Bank keeps its grip firm and the range
+  narrow.
+      "The European Monetary System is not only a relationship
+  between the guilder and the mark. Many times widening of the
+  margin between the two would implicate we have to buy or sell
+  large amounts of a third currency," Central Bank vice-director
+  Jan-Hendrik Du Marchie Sarvaas said.
+      "If we allowed the guilder to become a little cheaper, the
+  markets would start to believe it was weak. We don't want that.
+  We want to make clear that the guilder is just as strong as the
+  mark," he said.
+  
+
diff --git a/reuters/training/10347 b/reuters/training/10347
new file mode 100644
index 0000000000000000000000000000000000000000..15bac1a837f356679b49cd37bb67cc603bd7402d
--- /dev/null
+++ b/reuters/training/10347
@@ -0,0 +1,31 @@
+WORLD BANK CHIEF URGES MORE JAPANESE INVESTMENT
+  World Bank President Barber Conable
+  called on Japan to boost investment in developing nations, for
+  its own sake as well as that of the world economy.
+      "Japan has the means to make a major contribution to
+  development in the Third World," he told about 500 Japanese
+  businessmen and academics. "I would be pleased with additional
+  support."
+      With 25 pct of the world's total banking assets, Japan
+  could do more to help assist indebted Third World countries
+  develop roads, bridges and other infrastructure, he said.
+      Conable said additional commercial bank investment would
+  also be to Japan's advantage.
+      It would profit from rechannelling its huge trade surplus
+  into Third World economies -- notably those in South America,
+  China and India -- that are likely to expand faster than those
+  in the developed world, he said.
+      Japan is now the second largest shareholder in the Bank's
+  concessionary lending affiliate, the International Development
+  Association (IDA). It has also agreed recently to expand its
+  contribution to another affiliate, the International Bank for
+  Reconstruction and Development (IBRD), Conable noted.
+      Conable said the World Bank was expanding its structural
+  adjustment loans, designed to encourage developing countries to
+  open their economies more to free competition and trade.
+      "Adjustment loans could rise to 30 pct (of total World Bank
+  loans) in the near future, though maybe not this year," Conable
+  told Reuters after his speech.
+      Such loans currently account for slightly over 20 pct.
+  
+
diff --git a/reuters/training/10348 b/reuters/training/10348
new file mode 100644
index 0000000000000000000000000000000000000000..de11c56947ceb2356cd6c96a654d102bdfd71918
--- /dev/null
+++ b/reuters/training/10348
@@ -0,0 +1,14 @@
+HENKEL SELLS HAMBURG OIL AND FATS SUBSIDIARY
+  Applied chemicals group Henkel KGaA
+  <HNKG.F> said it is selling its Hamburg vegetable oil and fats
+  subsidiary Noblee und Thoerl GmbH to Oelmuehle Hamburg AG.
+      A company spokesman declined to give the purchase price.
+  Noblee, a supplier of specialised refined oils and fats to the
+  food processing industry, had turnover of 161 mln marks last
+  year.
+      A Henkel statement said the divestment was part of the
+  company's strategy of concentrating on its core businesses. For
+  Oelmuehle, the acquisition of Noblee means access to new
+  markets, the statement added.
+  
+
diff --git a/reuters/training/10349 b/reuters/training/10349
new file mode 100644
index 0000000000000000000000000000000000000000..c1385a1527cd0a6e645cc8e321805f3e7fb95542
--- /dev/null
+++ b/reuters/training/10349
@@ -0,0 +1,18 @@
+<ELDERS RESOURCES LTD> FIRST HALF ENDED DEC 31
+  Net shr 7.6 cents vs 3.0
+      Int div 3.0 cents vs nil
+      Net 16.93 mln vs 5.47 mln
+      Sales 160.14 mln vs 2.35 mln.
+      Other income 6.29 mln vs 10.05 mln
+      Shrs 223.16 mln vs 183.68 mln.
+      NOTE - Two-for-seven non-renounceable rights issue of 8.0
+  pct five-year subordinated convertible redeemable unsecured
+  notes at 2.50 dlrs each. Each note is convertible into one
+  share. Div pay May 1. Div and issue reg April 16.
+      Net is after tax 7.04 mln dlrs vs 3.82 mln, interest 2.52
+  mln vs 1.14 mln, depreciation 2.43 mln vs 123,000 and
+  minorities 3.41 mln vs 2.91 mln but before net extraordinary
+  loss 821,000 vs nil.
+      Company is owned 46.99 pct by Elders IXL Ltd <ELXA.S>.
+  
+
diff --git a/reuters/training/1035 b/reuters/training/1035
new file mode 100644
index 0000000000000000000000000000000000000000..13f79418333a1fd9e56c33811ab5c93e28caafc5
--- /dev/null
+++ b/reuters/training/1035
@@ -0,0 +1,5 @@
+U.S. SINGLE-FAMILY HOME SALES FELL 6.8 PCT IN JAN AFTER REVISED 12.1 PCT DEC GAIN
+
+  U.S. SINGLE-FAMILY HOME SALES FELL 6.8 PCT IN JAN AFTER REVISED 12.1 PCT DEC GAIN
+  
+
diff --git a/reuters/training/10352 b/reuters/training/10352
new file mode 100644
index 0000000000000000000000000000000000000000..04722a2ec2bca0af056c9c253e2d025dfe95ccd9
--- /dev/null
+++ b/reuters/training/10352
@@ -0,0 +1,19 @@
+NAKASONE TO VISIT WASHINGTON IN LATE APRIL
+  Prime Minister Yasuhiro Nakasone will
+  make an official week-long visit to the United States from
+  April 29 and hold talks in Washington with President Reagan,
+  Chief Cabinet Secretary Masaharu Gotoda told reporters.
+      Government sources said Nakasone would try to resolve
+  growing bilateral trade friction and discuss the June Venice
+  summit of Western industrial democracies.
+      Foreign Minister Tadashi Kuranari will accompany Nakasone,
+  ministry officials said.
+      U.S. Industry sources in Washington said the White House
+  Economic Policy Council was recommending trade sanctions
+  against Japan for violating the two countries' agreement on
+  semiconductor trade.
+      Under the pact, Japan pledged to stop dumping microchips in
+  the U.S. And Asia and open its domestic market to U.S.
+  Semiconductors.
+  
+
diff --git a/reuters/training/10354 b/reuters/training/10354
new file mode 100644
index 0000000000000000000000000000000000000000..ac6fb449d682599dedb048dbd27a82956a419e7d
--- /dev/null
+++ b/reuters/training/10354
@@ -0,0 +1,15 @@
+BANK OF SPAIN SUSPENDS ASSISTANCE
+  The Bank of Spain suspended its daily
+  money market assistance obliging borrowers to take funds from
+  the second window, where on Wednesday rates were raised to 16
+  pct compared with 14 pct for normal overnight funds.
+      Money market sources said in view of high borrower demand
+  the suspension was likely to remain in effect until April 3,
+  the start of the next 10-day accounting period for reserve
+  requirements. The suspension comes after the Bank yesterday
+  gave 1,145 billion pesetas assistance, a record high for this
+  year.
+      It said 90 billion pesetas was provided at the second
+  window.
+  
+
diff --git a/reuters/training/10355 b/reuters/training/10355
new file mode 100644
index 0000000000000000000000000000000000000000..a2e8408266287bdefaa6537f7e31058f19497dac
--- /dev/null
+++ b/reuters/training/10355
@@ -0,0 +1,77 @@
+NAKASONE HARD-PRESSED TO SOOTHE U.S ANGER ON TRADE
+  Prime Minister Yasuhiro Nakasone will
+  visit Washington next month in a bid to defuse mounting U.S.
+  Anger over Japanese trade policies, but Western diplomats said
+  they believed his chances of success were slim.
+      Boxed in by powerful political pressure groups and
+  widespread opposition to his tax reform plans, Nakasone will be
+  hard-pressed to come up with anything new to tell U.S.
+  President Ronald Reagan and key U.S. Congressmen, they said.
+      News of the week-long visit starting April 29 coincided
+  with news that Japan recorded a 8.14 billion dlr trade surplus
+  last month, more than 70 pct higher than a year earlier.
+      It also came one day after the Reagan Administration's
+  Economic Policy Council decided to take retaliatory action
+  against Japan for its alleged failure to live up to a joint
+  trade agreement on computer microchips.
+      Nakasone wants to go armed with two separate packages - one
+  designed to pep up Japan's sagging economy and imports in the
+  short-term, the other to redirect the country in the medium
+  term away from its over-dependence on exports for growth.
+      But government officials said political infighting could
+  rob both packages of much of their punch and might even prevent
+  one from seeing the light of day.
+      Nakasone has insisted that the government would not draw up
+  a package of short-term economic measures until after its
+  1987/88 budget passed parliament because he feared that would
+  amount to a tacit admission that the budget was inadequate.
+      But his hopes for quick passage of the budget in time for
+  his trip have been shattered by a parliamentary boycott by
+  opposition parties protesting over the sales tax plan.
+      Faced with the possibility that he might have to go to the
+  U.S. Virtually empty-handed, Nakasone today ordered his ruling
+  Liberal Democratic Party (LDP) to come up with its own
+  measures.
+      He can then tell Reagan the LDP package will form the basis
+  of the government's plans, without losing face in parliament
+  over the budget, political analysts said.
+      Officials working on the government's short-term economic
+  package said it would probably include interest rate cuts on
+  loans by government corporations, deregulation, measures to
+  pass on some of the benefits of the strong yen to consumers in
+  the form of lower prices, and accelerated public investment.
+      They said a record portion of state investment planned for
+  the entire 1987/88 fiscal year will take place in the first
+  half, probably over 80 pct.
+      Diplomats said that was unlikely to be enough to satisfy
+  Reagan, who is under pressure from the Democrat-controlled U.S.
+  Congress to take greater action to cut the huge American trade
+  deficit.
+      To complement the short-term measures, Nakasone is also
+  likely to present Reagan with details of Japan's longer-term
+  economic plans.
+      A high-ranking advisory body headed by former Bank of Japan
+  governor Haruo Maekawa is expected to come up with a final
+  report outlining concrete steps to redirect the economy days
+  before Nakasone is scheduled to leave for Washington.
+      Its recommendations are designed as a follow-up to
+  Maekawa's report last year on economic restructuring and are
+  likely to cover such potentially politically explosive areas as
+  agricultural reform and land policy, officials said.
+      While wanting to make the report as explicit and detailed
+  as possible, they said the political realities might force them
+  to water down some of the committee's recommendations.
+      A subcommittee is considering what the Japanese economy
+  might look like in the medium to longer term after it undergoes
+  massive restructuring, officials said. The subcommittee
+  projects that the current account surplus will fall to less
+  than two pct of Japan's total output, or gross national
+  product, around 1993 or 1995. Last year the surplus, which
+  measures trade in goods and services, amounted to over four pct
+  of gnp.
+      The subcommittee also projects annual economic growth for
+  Japan of nearly four pct over that period and a very gradual
+  appreciation of the yen, to about 130 to the dollar by around
+  1993, from 150 now.
+  
+
diff --git a/reuters/training/10356 b/reuters/training/10356
new file mode 100644
index 0000000000000000000000000000000000000000..0774fe0953ec10f6e265f5facb693a779703daf3
--- /dev/null
+++ b/reuters/training/10356
@@ -0,0 +1,10 @@
+U.K. MONEY MARKET GIVEN 265 MLN STG ASSISTANCE
+  The Bank of England said it provided the
+  money market with 265 mln stg in assistance this morning.
+      This compares with the bank's estimate of the shortage in
+  the system of 750 mln stg, earlier revised up from 700 mln.
+      The central bank purchased bank bills outright comprising
+  119 mln stg in band one at 9-7/8 pct, 144 mln stg in band two
+  at 9-13/16 pct and two mln stg in band three at 9-3/4 pct.
+  
+
diff --git a/reuters/training/10357 b/reuters/training/10357
new file mode 100644
index 0000000000000000000000000000000000000000..69a33cd92f10faf2feae7559a0b57bac43098bde
--- /dev/null
+++ b/reuters/training/10357
@@ -0,0 +1,16 @@
+BANK OF JAPAN INTERVENES TO STEM DOLLAR FALL
+  The Bank of Japan intervened in the
+  market to keep the dollar above 149 yen but the unit was under
+  strong selling pressure by an investment trust, dealers said.
+      The central bank stepped into the market when the dollar
+  fell towards 149.00 yen, but a trust bank aggressively sold
+  dollars to hedge currency risks, and the Bank intervened again
+  at 149.00, they said.
+      The trust bank apparently changed its earlier view that the
+  dollar would rise and started selling relatively large amounts
+  of dollars, pushing the unit down to 148.80 at one point,
+  brokers said.
+      One dealer estimated that the Bank bought 400 mln to 500
+  mln dlrs as it tried to keep the U.S. Currency above 149 yen.
+  
+
diff --git a/reuters/training/10358 b/reuters/training/10358
new file mode 100644
index 0000000000000000000000000000000000000000..dd2e46a44eb685e74a16949b4ac159fd26a2c164
--- /dev/null
+++ b/reuters/training/10358
@@ -0,0 +1,21 @@
+BANK OF FRANCE AGAIN BUYING DOLLARS, SOURCES SAY
+  The Bank of France intervened in the
+  Paris foreign exchange market this morning for the third
+  successive day, banking sources said.
+      Like yesterday, it bought dollars and sold yen in small
+  amounts, they said.
+      One dealer said it was seen in the market twice in early
+  dealing, buying five mln dlrs each time.
+      Other dealers also reported small-scale intervention to
+  stabilise the dollar after aggressive selling overnight in
+  Tokyo, where the Bank of Japan also intervened again.
+      The dollar steadied at around 6.0650/0700 francs after
+  easing in early trading to 6.0615/35 from an opening 6.0700/50.
+  It closed yesterday at 6.0800/30.
+      One major french bank said it bought 10 mln dlrs for the
+  central bank, selling yen, within a trading range of 148.20/30
+  yen to the dollar, compared with yesterday's 149.28 rate at
+  which intervention was carried out here.
+      The yen later firmed to around 147.90/148.00.
+  
+
diff --git a/reuters/training/10359 b/reuters/training/10359
new file mode 100644
index 0000000000000000000000000000000000000000..8c385000bdc6b04ed9d4e962ff6a6c2534b824ac
--- /dev/null
+++ b/reuters/training/10359
@@ -0,0 +1,14 @@
+BUNDESBANK BOUGHT DOLLARS AGAINST YEN, DEALERS SAY
+  The Bundesbank entered the open
+  market in the late morning to buy dollars against yen in
+  concert with the Bank of France, dealers said.
+      The Bundesbank came into the market when the dollar was
+  around 148.10 yen just after it had fallen below 148 to touch
+  147.80 at 1027 GMT. The move had little effect, with the dollar
+  still testing 148 yen ahead of the official fixing.
+      Dealers said the intervention was for fairly small amounts,
+  in contrast to the Bundesbank's activity on Wednesday when
+  dealers reported it bought about 100 mln dlrs.
+      The Bundesbank had no comment.
+  
+
diff --git a/reuters/training/1036 b/reuters/training/1036
new file mode 100644
index 0000000000000000000000000000000000000000..de7f827b44ae0b61991f35d3105da9d8349b7859
--- /dev/null
+++ b/reuters/training/1036
@@ -0,0 +1,28 @@
+U.S. HOME SALES FELL 6.8 PCT IN JANUARY
+  Sales of new single-family homes in
+  the United States fell 6.8 pct in January from December to a
+  seasonally adjusted annual rate of 716,000 units, the Commerce
+  Department said.
+      The department revised downward December's sales to a 12.1
+  pct rise to 768,000 units from the previously reported 12.7 pct
+  increase.
+      The January decline in sales was the largest since last
+  October when sales fell 9.3 pct.
+      Before seasonal adjustment, the number of homes actually
+  sold in January was 53,000, up from 49,000 in December but down
+  from 59,000 in January, 1986.
+      The January fall brought home sales to a level 1.6 pct
+  below January, 1986, when they were a seasonally adjusted
+  728,000 units.
+      The average price was a record 127,100 dlrs, surpassing the
+  previous record 119,100 price set in December.
+      The median price of a home in January reached 100,700 dlrs
+  -- the first time the price has exceeded 100,000 dlrs. That
+  compared with a median price of 94,600 dlrs in December and
+  94,000 dlrs in January a year ago.
+      New homes available on the market in January totaled a
+  seasonally adjusted 362,000 units, unchanged from December and
+  equal to a 6.3 months' supply.
+      The supply in December was 5.9 months.
+  
+
diff --git a/reuters/training/10361 b/reuters/training/10361
new file mode 100644
index 0000000000000000000000000000000000000000..45e5f1b5f9b8838404521bef177b284dc6e3d075
--- /dev/null
+++ b/reuters/training/10361
@@ -0,0 +1,36 @@
+BRIERLEY BIDS 4.35 DOLLARS/SHARE FOR PROGRESSIVE
+  <Brierley Investments Ltd> (BIL)
+  launched a full takeover bid for the supermarket group
+  <Progressive Enterprises Ltd> at 4.35 dlrs a share.
+      BIL said in a statement the offer is conditional on minimum
+  acceptances totalling 30 mln shares, just under 25 pct of the
+  120.4 mln Progressive shares on issue.
+      Progressive is currently involved in a proposed merger with
+  <Rainbow Corp Ltd>. Rainbow earlier this week raised its stake
+  in Progressive to 52 pct. BIL opposes the Rainbow merger and
+  analysts say BIL needs a 25 pct stake in Progressive to prevent
+  it occurring.
+      The merger involves shareholders in Progressive and Rainbow
+  both receiving shares in a new company <Astral Pacific Corp
+  Ltd> on a one-for-one exchange basis.
+      The BIL bid is higher than the 4.20 dlrs BIL said it would
+  offer when it first announced on Monday it would make a full
+  bid for Progressive, and it follows much public debate between
+  BIL and Rainbow.
+      BIL Chief Executive Paul Collins said last week that he
+  opposes the Rainbow/Progressive merger because BIL sees
+  Progressive shares as being worth twice as much as Rainbow's.
+  BIL has not disclosed how many Progressive shares it holds.
+      Rainbow has said the merger is soundly based. Chairman
+  Allan Hawkins said last week that BIL's actions were aimed only
+  at dirsrupting the merger and were not in the interests of
+  Progressive shareholders.
+      Both Rainbow's and Progressive's boards have approved the
+  merger proposal. It has also been approved by the Commerce
+  Commission, but BIL's bid is still subject to the Commission's
+  scrutiny.
+      Progressive shares ended at 4.35 dlrs, Rainbow at 3.42 and
+  BIL at 4.17 at the close of New Zealand Stock Exchange trading
+  today.
+  
+
diff --git a/reuters/training/10362 b/reuters/training/10362
new file mode 100644
index 0000000000000000000000000000000000000000..7be6eda0f9a889d1d34be3ded08df1b7d946b71a
--- /dev/null
+++ b/reuters/training/10362
@@ -0,0 +1,5 @@
+ S. African Feb trade surplus 1.62 billion rand vs Jan surplus 906.2 mln - official
+
+   S. African Feb trade surplus 1.62 billion rand vs Jan surplus 906.2 mln - official
+  
+
diff --git a/reuters/training/10364 b/reuters/training/10364
new file mode 100644
index 0000000000000000000000000000000000000000..8940daca2fdb4113dbd0f999b47f5c263e147d2a
--- /dev/null
+++ b/reuters/training/10364
@@ -0,0 +1,13 @@
+JAPAN SETS ASIDE YEN FUNDS TO PREVENT DLR FALL
+  The 50-day provisional 1987/88 budget,
+  adopted today by the government, allows the Finance Ministry to
+  issue up to 14,600 billion yen worth of foreign exchange fund
+  financing bills, government sources said.
+      Foreign exchange dealers said the yen funds would be used
+  to buy dollars, to prevent a further dollar fall.
+      The government sources said the amount, covering the first
+  50 days of the year starting April 1, accounts for more than 90
+  pct of the 16,000 billion yen in bills incorporated in the full
+  budget.
+  
+
diff --git a/reuters/training/10367 b/reuters/training/10367
new file mode 100644
index 0000000000000000000000000000000000000000..0affaa3b76a3f6d3899a67014c32a7727c6dd5a0
--- /dev/null
+++ b/reuters/training/10367
@@ -0,0 +1,45 @@
+SUGAR MARKET SEES GOOD RECENT OFFTAKE
+  Reports the Soviet Union has lately
+  extended its recent buying programme by taking five to eight
+  raws cargoes from the free market at around 30/40 points under
+  New York May futures highlight recent worldwide demand for
+  sugar for a variety of destinations, traders said.
+      The Soviet buying follows recent whites buying by India,
+  Turkey and Libya, as well as possible raws offtake by China.
+      Some 300,000 to 400,000 tonnes could have changed hands in
+  current activity, which is encouraging for a sugar trade which
+  previously saw little worthwhile end-buyer enquiry, they added.
+      Dealers said a large proportion of the sales to the Soviet
+  Union in the past few days involved Japanese operators selling
+  Thai origin sugar.
+      Prices for nearby shipment Thai sugars have tightened
+  considerably recently due to good Far Eastern demand, possibly
+  for sales to the Soviet Union or to pre-empt any large block
+  enquiries by China, they said.
+      Thai prices for March/May 15 shipments have hardened to
+  around 13/14 points under May New York from larger discounts
+  previously, they added.
+      Traders said the Soviet Union might be looking to buy more
+  sugar in the near term, possibly towards an overall requirement
+  this year of around two mln tonnes. It is probable that some
+  1.8 mln tonnes have already been taken up, they said.
+      Turkey was reported this week to have bought around 100,000
+  tonnes of whites while India had further whites purchases of
+  two to three cargoes for Mar/Apr at near 227 dlrs a tonne cost
+  and freight and could be seeking more. Libya was also a buyer
+  this week, taking two cargoes of whites which, for an
+  undisclosed shipment period, were reported priced around
+  229/230 dlrs a tonne cost and freight, they added.
+      Futures prices reacted upwards to the news of end-buyer
+  physicals offtake, although much of the enquiry emerged
+  recently when prices took an interim technical dip, traders
+  said.
+      Pakistan is lined up shortly to buy 100,000 tonnes of
+  whites although traders said the tender, originally scheduled
+  for tomorrow, might not take place until a week later.
+      Egypt will be seeking 20,000 tonnes of May arrival white
+  sugar next week, while Greece has called an internal EC tender
+  for 40,000 tonnes of whites to be held in early April, for
+  arrival in four equal parts in May, June, July and August.
+  
+
diff --git a/reuters/training/10368 b/reuters/training/10368
new file mode 100644
index 0000000000000000000000000000000000000000..e4f5be18782a26b4ed49fb808e843b7c22a8c209
--- /dev/null
+++ b/reuters/training/10368
@@ -0,0 +1,5 @@
+BANK OF FRANCE BUYS DOLLARS AT PARIS FIXING - DEALERS
+
+  BANK OF FRANCE BUYS DOLLARS AT PARIS FIXING - DEALERS
+  
+
diff --git a/reuters/training/10370 b/reuters/training/10370
new file mode 100644
index 0000000000000000000000000000000000000000..029c9cfabea4de3bca1b393358be656c4e755a35
--- /dev/null
+++ b/reuters/training/10370
@@ -0,0 +1,5 @@
+ swiss national bank says bought dollars against yen
+
+   swiss national bank says bought dollars against yen
+  
+
diff --git a/reuters/training/10371 b/reuters/training/10371
new file mode 100644
index 0000000000000000000000000000000000000000..307d04a6b1a9d6ba1345e66ee0740384c5e0638a
--- /dev/null
+++ b/reuters/training/10371
@@ -0,0 +1,14 @@
+UNION MINIERE TAKES STAKE IN PANCONTINENTAL
+  <Union Miniere SA> said in a statement
+  that it has acquired an eight pct interest in Pancontinental
+  Mining Ltd <PANA.S> for a sum equivalent to 1.2 billion Belgian
+  francs.
+      Pancontinental operates gold and coal mines in Australia
+  and natural gas and oil fields in Canada.
+      Union Miniere said the location of its interest within the
+  Pancontinental group will be decided later. It did not
+  elaborate.
+      Union Miniere is a wholly owned subsidiary of Societe
+  Generale de Belgique <BELB.BR>.
+  
+
diff --git a/reuters/training/10372 b/reuters/training/10372
new file mode 100644
index 0000000000000000000000000000000000000000..539b07401cd2db9d2a8c241e9b1c9c6b3b891e60
--- /dev/null
+++ b/reuters/training/10372
@@ -0,0 +1,15 @@
+S. AFRICAN TRADE SURPLUS RISES SHARPLY IN FEBRUARY
+  South Africa's trade surplus rose
+  to 1.62 billion rand in February after falling to 906.2 mln in
+  January, Customs and Excise figures show.
+      This compares with a year earlier surplus of 958.9 mln
+  rand.
+      Exports rose slightly to 3.36 billion rand in February from
+  3.31 billion in January but imports fell to 1.74 billion from
+  2.41 billion.
+      This brought total exports for the first two months of 1987
+  to 6.67 billion rand and imports to 4.15 billion for a total
+  surplus of 2.52 billion rand against 1.71 billion a year
+  earlier.
+  
+
diff --git a/reuters/training/10373 b/reuters/training/10373
new file mode 100644
index 0000000000000000000000000000000000000000..5bc509df2adc78d2d36df3bd4c6b35fb63a0439c
--- /dev/null
+++ b/reuters/training/10373
@@ -0,0 +1,32 @@
+EC EXTENDS PARTS OF FREE FOOD FOR POOR SCHEME
+  A scheme to distribute surplus food
+  free to the poor in the European Community (EC), which was due
+  to expire next Tuesday, will be partially extended for a
+  further month, an EC Commission spokesman said.
+      He added the executive Commission has not yet decided
+  whether the scheme should become a permanent feature of the
+  EC's struggle to find a use for its massive stocks of farm
+  produce.
+      Almost 60,000 tonnes of cereals, sugar, beef, butter and
+  other food have been authorised for distribution under an
+  operation sanctioned by EC farm ministers on January 20 in
+  which charities act as executive Commission agents.
+      The original idea was to help the needy survive this year's
+  unusually cold European winter.
+      The spokesman said the Commission was extending the scheme
+  fully in Greece, which has recently been hit by unseasonal
+  snowstorms, for the month of April.
+      Other EC countries would be authorised to use stocks of
+  food for which they have already applied under the scheme up to
+  April 30. The spokesman said this would enable distribution of
+  flour, semolina, sugar and olive oil at a relatively high rate
+  next month.
+      He said the Commission, which has powers to continue most
+  aspects of the scheme without consulting ministers further,
+  will be considering soon whether it should be made permanent.
+      Cost, which has already reached around 65 mln European
+  currency units, would be a major consideration.
+      End-January stocks included 1.28 mln tonnes of butter,
+  520,000 tonnes of beef and over 10 mln tonnes of cereals.
+  
+
diff --git a/reuters/training/10375 b/reuters/training/10375
new file mode 100644
index 0000000000000000000000000000000000000000..2dadbf91bf5411b3584022189d796e4b97d7052c
--- /dev/null
+++ b/reuters/training/10375
@@ -0,0 +1,66 @@
+INDIA STEPS UP COUNTERTRADE DEALS TO CUT TRADE GAP
+  India is searching for non-communist
+  countertrade partners to help it cut its trade deficit and
+  conserve foreign exchange.
+      Wheat, tobacco, tea, coffee, jute, engineering and
+  electronic goods, as well as minerals including iron ore, are
+  all on offer in return for crude oil, petroleum products,
+  chemicals, steel and machinery, trade sources told Reuters.
+      Most of the impetus behind countertrade, which began in
+  1984, comes from two state trading firms -- the State Trading
+  Corp (STC) and the Minerals and Metals Trading Corp (MMTC).
+      "The two state trading corporations are free to use their
+  buying power in respect to bulk commodities to promote Indian
+  exports," a commerce ministry spokeswoman said, adding that
+  private firms are excluded from countertrading.
+      One trade source said India has targetted countries that
+  depend on an Indian domestic market recently opened to foreign
+  imports.
+      However, countertrade deals still make up only a small part
+  of India's total trading and are likely to account for less
+  than eight pct of the estimated 18.53 billion dlrs in trade
+  during the nine months ended December, the sources said.
+      Countertrade accounted for just five pct of India's 25.65
+  billion dlrs in trade during fiscal 1985/86 ended March,
+  against almost nothing in 1984/85, official figures show.
+      However, the figures exclude exchanges with the Eastern
+  Bloc paid in non-convertible Indian rupees, the sources said.
+      Total trade with the Soviet Union, involving swaps of
+  agricultural produce and textiles for Soviet arms and crude
+  oil, is estimated at 3.04 billion dlrs in fiscal 1986/87,
+  against three billion in 1985/86.
+      Indian countertrade, which is being promoted mainly to help
+  narrow the country's large trade deficit, is still
+  insignificant compared with agreements reached by Indonesia,
+  Venezuela and Brazil, the trade sources said.
+      The trade deficit, which hit an estimated record 6.96
+  billion dlrs in 1985/86, is expected to decline to 5.6 billion
+  in the current fiscal year.
+      But the push to include non-communist countries in
+  countertrade is also due to other factors, including the slow
+  growth of foreign reserves, a tight debt repayment schedule,
+  shrinking aid and trade protectionism, businessmen said.
+      One source said India is showing more dynamism in promoting
+  countertrade deals than in the past, when the deals were made
+  discreetly because they break GATT rules. As a member of the
+  General Agreement on Tariffs and Trade (GATT), India cannot
+  officially support bartering.
+      The MMTC's recent countertrade deals include iron ore
+  exports to Yugoslavia for steel structures and rails.
+      "MMTC's recent global tenders now include a clause that
+  preference will be given to parties who accept payment in kind
+  for goods and services sold to India," a trade official said,
+  adding that the policy remains flexible.
+      "We also take into account other factors such as prices at
+  which the goods and services are offered to India," the trade
+  official said.
+      Early this year the commerce ministry quietly told foreign
+  companies interested in selling aircraft, ships, drilling rigs
+  and railway equipment to India that they stood a better chance
+  if they bought Indian goods or services in return, the trade
+  sources said.
+      Illustrating the point, the official said a South Korean
+  firm recently agreed to sell a drilling platform worth 40 mln
+  dlrs to the state-run Oil and Natural Gas Commission.
+  
+
diff --git a/reuters/training/10376 b/reuters/training/10376
new file mode 100644
index 0000000000000000000000000000000000000000..99536112ed4e058633c5cc8f531db631e3cc30e8
--- /dev/null
+++ b/reuters/training/10376
@@ -0,0 +1,33 @@
+JAPAN FEBRUARY CURRENT ACCOUNT, TRADE SURPLUS JUMP
+  Japan's current account surplus rose to
+  7.38 billion dlrs in February from 3.89 billion a year ago and
+  from 4.95 billion in January, the Finance Ministry said.
+      The trade surplus rose to 8.14 billion dlrs in February
+  from 4.77 billion a year earlier and 5.70 billion in January.
+      The long-term capital account deficit widened to 11.40
+  billion dlrs from 8.06 billion a year ago, but it narrowed from
+  12.32 billion in January, the Ministry said.
+      Japan's February exports rose to 16.74 billion dlrs from
+  14.89 billion in February 1986 and from 14.65 billion in
+  January, the Ministry said. Imports fell to 8.61 billion from
+  10.12 billion a year earlier and 8.94 billion in January.
+      The invisible trade deficit fell to 617 mln dlrs in
+  February from 693 mln a year earlier, but was up from a 527 mln
+  deficit in January.
+      Figures do not tally exactly because of rounding.
+      Transfer payments narrowed to a 140 mln dlr deficit last
+  month from a 185 mln deficit a year earlier and a 225 mln
+  deficit in January.
+      The basic balance of payments deficit in February fell to
+  4.02 billion dlrs from 4.17 billion in February 1986 and 7.37
+  billion in January. Short-term capital account payments swung
+  to a 1.28 billion dlr deficit in February from a 1.60 billion
+  surplus a year earlier and a 1.44 billion dlr surplus in
+  January.
+      Errors and omissions were 2.65 billion dlrs in surplus,
+  compared with a 1.27 billion surplus a year earlier and a 1.10
+  billion deficit in January. The overall balance of payments
+  deficit rose to 2.65 billion dlrs from 1.30 billion a year
+  earlier but was down from 7.04 billion in January.
+  
+
diff --git a/reuters/training/10377 b/reuters/training/10377
new file mode 100644
index 0000000000000000000000000000000000000000..e9fbcd29dc07d034c8f648b110e3fe8cfe05ca0a
--- /dev/null
+++ b/reuters/training/10377
@@ -0,0 +1,12 @@
+JAPAN CONSUMER PRICES UNCHANGED IN FEBRUARY
+  Japan's consumer price index (base 1985)
+  was unchanged at 99.7 in February from a month earlier, the
+  government's Management and Coodination Agency said.
+      The index showed a 0.4 pct drop in January.
+      The February index was down one pct from a year earlier for
+  the third consecutive year-on-year drop.
+      In January, the index fell 1.1 pct from a year earlier, the
+  first drop of over one pct since a 1.3 pct drop in September
+  1958.
+  
+
diff --git a/reuters/training/10381 b/reuters/training/10381
new file mode 100644
index 0000000000000000000000000000000000000000..5e3d689198846d40390cea77d46ebacb1d7ad539
--- /dev/null
+++ b/reuters/training/10381
@@ -0,0 +1,16 @@
+COSTCO WHOLESALE CORP <COST> 2ND QTR FEB 16 NET
+  Oper shr five cts vs six cts
+      Oper net 1,100,000 vs 1,463,000
+      Revs 177.8 mln vs 331.5 mln
+      Avg shrs 21.9 mn vs 25.7 mln
+      First half
+      Oper shr six cts vs five cts
+      Oper net 1,121,000 vs 1.090,000
+      Revs 315.3 mln vs 567.4 mln
+      Avg shrs 20.6 mln vs 25.6 mln
+      NOTE: Operating net excludes gains of 659,000 dlrs, or
+  three cts a share, vs 599 dlrs, or two cts a share, in quarter
+  and 676,000 dlrs, or three cts a share, vs 599,000 dlrs, or two
+  cts a share, in year from tax loss carryforward.
+  
+
diff --git a/reuters/training/10382 b/reuters/training/10382
new file mode 100644
index 0000000000000000000000000000000000000000..e7f6642f719518be4c5e790bf2c331205a32835a
--- /dev/null
+++ b/reuters/training/10382
@@ -0,0 +1,37 @@
+SWISS NATIONAL BANK SAYS IT BOUGHT DOLLARS
+  The Swiss National Bank bought dollars
+  against yen today, a spokesman for the bank said.
+      He declined to say how many dollars the bank bought or when
+  precisely it intervened.
+      Swiss foreign exchange dealers described the National
+  Bank's purchases as modest, perhaps amounting to no more than
+  20 or 30 mln dlrs.
+      The Bank of France, which was reported buying dollars
+  against the yen in Paris, had made inquiries with Swiss banks
+  as well, and the Bundesbank had also intervened. Bank of Japan
+  dollar purchases today were perhaps 1.2 to 1.5 billion dlrs.
+      Dealers said this tended to confirm the market's impression
+  that major industrial countries had agreed at the Paris meeting
+  on an effective floor for the dollar of 148 yen, and the market
+  seemed ready to test it.
+      Commercial clients were also selling dollars against the
+  yen as the end of the Japanese fiscal year on March 31 drew
+  closer. Today's dealings in spot currencies are booked for
+  March 31.
+      One dealer said he had the feeling Japanese companies had
+  been asked by the Bank of Japan not to sell dollars at this
+  point, but some, while sticking to the letter of that request,
+  were offering dollars forward today, rather than lose out if
+  the dollar fell further.
+      The run on the dollar against the yen came in a market
+  thinned by the absence of many dealers for a Forex Club meeting
+  in Hamburg.
+      Trading was, in fact, rather light against currencies other
+  than the yen, the dollar holding little changed through the
+  day.
+      The market now expected the U.S. Federal Reserve to
+  intervene in support of the dollar. "But they will probably do
+  it only half-heartedly, so I don't think it will matter too
+  much on rates," one dealer said.
+  
+
diff --git a/reuters/training/10384 b/reuters/training/10384
new file mode 100644
index 0000000000000000000000000000000000000000..d2e4e1b7d05fa9f9ea9f7003505e7ff50186b03e
--- /dev/null
+++ b/reuters/training/10384
@@ -0,0 +1,5 @@
+U.S. FEBRUARY CONSUMER PRICES ROSE 0.4 PCT AFTER 0.7 PCT RISE IN JANUARY
+
+  U.S. FEBRUARY CONSUMER PRICES ROSE 0.4 PCT AFTER 0.7 PCT RISE IN JANUARY
+  
+
diff --git a/reuters/training/10385 b/reuters/training/10385
new file mode 100644
index 0000000000000000000000000000000000000000..029aeb07616f57b843f79ab04e9bcafc4836b6b9
--- /dev/null
+++ b/reuters/training/10385
@@ -0,0 +1,44 @@
+U.S. CONSUMER PRICES ROSE 0.4 PCT IN FEBRUARY
+  U.S. consumer prices, as measured by
+  the Consumer Price Index for all urban consumers (CPI-U), rose
+  a seasonally adjusted 0.4 pct in February after a 0.7 pct
+  January gain, the Labor Department said.
+      The CPI for urban wage earners and clerical workers (CPI-W)
+  rose to 329.0 in February, the department said.
+      Prices for petroleum-based energy rose sharply for a second
+  consecutive month during February but by less than in January,
+  the department said.
+      Energy prices rose 1.9 pct last month after a 3.0 pct rise
+  in January, accounting for one-third of the overall CPI rise.
+      For the 12 months ended in February, the CPI rose an
+  unadjusted 2.1 pct.
+      Transportation prices rose 0.5 pct in February after a 1.5
+  pct increase in January. Smaller price rises for motor fuels
+  and declines in new car prices and finance charges were
+  responsible for the moderation.
+      Gasoline prices rose 4.2 pct last month after increasing
+  6.6 pct in January, but were still 18 pct below levels of a
+  year ago, the department said.
+      Housing prices rose 0.4 pct in February after a 0.5 pct
+  January increase, largely due to a rise in fuel oil prices.
+      Fuel oil prices were up 4.4 pct in February after
+  increasing 9.8 pct in January, but were still 15 pct below
+  price levels of February 1986.
+      Food prices rose 0.2 pct last month after a 0.5 pct January
+  increase. Grocery store food prices were up 0.4 pct, the same
+  as in January, but meat, poultry, fish and eggs cost less for a
+  third consecutive month, the department said.
+      Medical care rose 0.3 pct in February to a level 7.1 pct
+  above one year ago, because of higher costs for prescription
+  and non-prescription drugs and medical supplies, the department
+  said.
+      The index for apparel and upkeep rose 0.7 pct in February
+  after a 0.4 pct increase in January. The department said the
+  introduction of higher priced spring merchandise, particularly
+  men's clothing, was responsible for the advance.
+      Prices for other goods and services rose 0.7 pct in
+  February following a 1.1 pct increase in January. Tobacco
+  prices, up 0.9 pct after a 2.0 pct January increase, accounted
+  for 30 pct of the index rise, the department said.
+  
+
diff --git a/reuters/training/10387 b/reuters/training/10387
new file mode 100644
index 0000000000000000000000000000000000000000..13f8ea2eae9f4bdeca89ef39ddb4ac28d43ce4d2
--- /dev/null
+++ b/reuters/training/10387
@@ -0,0 +1,9 @@
+MACMILLAN BLOEDEL <MMB> STOCK SPLIT APPROVED
+  MacMillan Bloedel
+  Ltd said shareholders authorized a previously announced
+  three-for-one stock split, applicable to holders of record
+  April nine.
+      The company said its stock will begin trading on a split
+  basis on April 3, subject to regulatory approvals.
+  
+
diff --git a/reuters/training/10388 b/reuters/training/10388
new file mode 100644
index 0000000000000000000000000000000000000000..413b5bac67639bbf8a579037b4d812746564a5b8
--- /dev/null
+++ b/reuters/training/10388
@@ -0,0 +1,14 @@
+STORMY WEATHER TO DISRUPT NORTH SEA SHIPPING
+  Very stormy weather is
+  likely in the North Sea through Saturday, disrupting shipping
+  in the region, private forecaster Accu-Weather Inc said.
+      Rain will accompany the strong winds that are expected over
+  the North Sea today into tonight. Saturday will also be very
+  windy and cooler with frequent showers.
+      Winds today will be southwest at 30 to 60 mph, but will
+  become west to northwest tonight and Saturday at 25 to 50 mph.
+      Waves will build to 20 to 30 feet today and tonight and
+  continue Saturday. Wind and waves will not diminish until late
+  in the weekend.
+  
+
diff --git a/reuters/training/1039 b/reuters/training/1039
new file mode 100644
index 0000000000000000000000000000000000000000..0a66f619a28b421a3917d6f87f17d0adb6caf532
--- /dev/null
+++ b/reuters/training/1039
@@ -0,0 +1,9 @@
+COMMUNITY BANK <CBSI> TO MAKE ACQUISITION
+  Community Bank System Inc said it
+  has entered into a definitive agreement to acquire Nichols
+  Community Bank for 2,800,000 dlrs in common stock.
+      It said subject to approval by Nichols shareholders and
+  regulatory authorities, the transaction is expected to be
+  completed later this year.
+  
+
diff --git a/reuters/training/10390 b/reuters/training/10390
new file mode 100644
index 0000000000000000000000000000000000000000..a002bf5d6bbd2468176efbaccb51a28aa1119523
--- /dev/null
+++ b/reuters/training/10390
@@ -0,0 +1,5 @@
+NATIOONAL MEDICAL ENTERPRISES INC 3RD QTR OPER SHR 46 CTS VS 51 CTS
+
+  NATIOONAL MEDICAL ENTERPRISES INC 3RD QTR OPER SHR 46 CTS VS 51 CTS
+  
+
diff --git a/reuters/training/10391 b/reuters/training/10391
new file mode 100644
index 0000000000000000000000000000000000000000..d6daa806c85e822639e4a556b8c2e417a9b5fada
--- /dev/null
+++ b/reuters/training/10391
@@ -0,0 +1,7 @@
+LIBERIAN SHIP GROUNDED IN SUEZ CANAL REFLOATED
+  A Liberian motor bulk carrier, the
+  72,203 dw tonnes Nikitas Roussos, which was grounded in the
+  Suez canal yesterday, has been refloated and is now proceeding
+  through the the canal, Lloyds Shipping Intelligence said.
+  
+
diff --git a/reuters/training/10393 b/reuters/training/10393
new file mode 100644
index 0000000000000000000000000000000000000000..0922655a5220d22ad1c96bca22d2b61b56464aed
--- /dev/null
+++ b/reuters/training/10393
@@ -0,0 +1,17 @@
+NATIONAL MEDICAL ENTERPRISES INC <NME> 3RD QTR
+  Periods ended Feb 28
+      Oper shr 46 cts vs 51 cts
+      Oper shr diluted 43 cts vs 50 cts
+      Oper net 34.2 mln vs 39.8 mln
+      Revs 823.3 mln vs 794.3 mln
+      Avg shrs 74.9 mln vs 78.7 mln
+      Nine mths
+      Oper shr 1.29 dlrs vs 1.46 dlrs
+      Oper shr diluted 1.20 dlrs vs 1.43 dlrs
+      Oper net 99.4 mln vs 114.5 mln
+      Revs 2.50 billion vs 2.22 billion
+      Avg shrs 77.0 mln vs 78.3 mln
+      NOTE: Year ago nine months operating net excludes loss of
+  2.0 mln dlrs, or two cts a share, from discontinued operations
+  
+
diff --git a/reuters/training/10394 b/reuters/training/10394
new file mode 100644
index 0000000000000000000000000000000000000000..e33917970e8ee78df8ef68e8020c3d83629782f5
--- /dev/null
+++ b/reuters/training/10394
@@ -0,0 +1,10 @@
+ABIDJAN PORT ACTIVITY RISES
+  The tonnage of goods passing through
+  Ivory Coast's main port of Abidjan rose 2.3 pct last year,
+  according to the Ivorian Chamber of Commerce.
+      Its monthly report said 9.47 mln tonnes of goods passed
+  through the port last year compared with 9.26 mln the year
+  before. Exports fell to 3.75 mln from 3.89 mln tonnes while
+  imports rose to 5.72 mln from 5.37 mln.
+  
+
diff --git a/reuters/training/10395 b/reuters/training/10395
new file mode 100644
index 0000000000000000000000000000000000000000..a923a3d301022771014cbf17a76f9584e1c6873f
--- /dev/null
+++ b/reuters/training/10395
@@ -0,0 +1,68 @@
+PAPANDREOU SAYS GREEKS READY FOR AGGRESSORS
+  Greek Prime Minister Andreas Papandreou
+  said today that the Greek armed froces were ready to tackle any
+  aggressors following the sailing of a Turkish research vessel
+  and warships towards disputed waters in the Aegean Sea.
+      Papandreou told an emergency cabinet meeting in Athens "the
+  military readiness of our country is able now to give a very
+  hard lesson if our neighbours (Turkey) were to carry out
+  military actions."
+      He said the activities of the research vessel could be
+  aimed at partitioning the Aegean.
+      "The air force, navy and army are in a state of alert,"
+  General Guven Ergenc, Secretary General of the Turkish General
+  Staff, told a news conference.
+      He said the Turkish research ship Sismik 1, escorted by an
+  unspecified number of warships, would sail into disputed waters
+  in the Aegean Sea tomorrow morning.
+      Ergenc told Reuters later that all leave had been cancelled
+  for members of the armed forces in the Aegean coast area.
+      The Turkish government said yesterday it had licensed the
+  state-owned Turkish Petroleum Corp to explore for oil in
+  international waters around three Greek islands off Turkey.
+       Greece and Turkey have long-standing disputes over areas
+  of the Aegean and the presence of Turkish troops in Cyprus.
+      The latest row erupted when the Greek government said last
+  month that it was taking control of a Canadian-led consortium
+  which was already producing oil off the Greek island of Thassos
+  and would drill in the same area after the takeover.
+      Ergenc told the news conference the alert followed a
+  government decision that Turkey should protect its interests
+  "because of measures Greece has been taking in the Aegean in
+  violation of international agreements."
+      Asked how Turkey would react if Greece attacked any of the
+  vessels, he said "If there is an attack, it is clear what has to
+  be done. An attack on a warship is a cause for war." But he
+  added "We are not in a state of war. The measures taken by the
+  military are directed towards protecting our rights."
+      Greece said yesterday it would defend its national rights
+  in the Aegean and urged Turkey to accept reference of the
+  dispute to the International Court of Justice in The Hague.
+      Turkish Foreign Ministry spokesman Yalim Eralp told
+  reporters today this was unacceptable because of preconditions
+  Athens had attached.
+      In Athens, Greek Prime Minister Papandreou said that if the
+  Turkish vessel Sismik 1 began research operations "we will
+  hinder it, of course not with words, as it cannot be stopped
+  with words."
+      Greek newspapers said the armed forces were on alert and
+  navy ships had gone to the Aegean. But government spokesman
+  Yannis Roubatis did not confirm the move, saying only "The Greek
+  fleet is not at its naval base."
+      Papandreou said that a map issued in Turkey showed 95 pct
+  of the areas proposed for research were on the Greek
+  continental shelf.
+      Papandreou told the U.S. And NATO that if they had a part
+  in orchestrating the present crisis in order to force Greece to
+  negotiate with Turkey, the Greek government would not accept
+  it.
+      Papandreou has maintained in the past that he will not
+  negotiate with Ankara until Turkey recognises Greek rights in
+  the Aegean and withdraws its troops from Cyprus.
+      He said that in the case of war with Turkey it would not be
+  possible for Greece to discuss the future of American military
+  bases here. Asked by reporters if he would close the U.S. Bases
+  in Greece in the event of war, Papandreou replied "Obviously,
+  and perhaps even before the war."
+  
+
diff --git a/reuters/training/10397 b/reuters/training/10397
new file mode 100644
index 0000000000000000000000000000000000000000..958e117e73d2a00d3231bfbe3e59d43b584a9673
--- /dev/null
+++ b/reuters/training/10397
@@ -0,0 +1,5 @@
+ Top discount rate at U.K. Bill tender rises to 9.3456 pct
+
+   Top discount rate at U.K. Bill tender rises to 9.3456 pct
+  
+
diff --git a/reuters/training/10398 b/reuters/training/10398
new file mode 100644
index 0000000000000000000000000000000000000000..e7e73cd6998125ccfb016eeb174c5257f1c19b4c
--- /dev/null
+++ b/reuters/training/10398
@@ -0,0 +1,41 @@
+PORSCHE EXPECTS IMPROVEMENT IN U.S. SALES
+  Sports carmaker Dr. Ing. H.C.F.
+  Porsche AG <PSHG.F> said it expects to post a satisfactory
+  profit in 1986/87, with domestic volume sales seen lower but
+  U.S. Sales anticipated higher.
+      Managing board chairman Peter Schutz said domestic sales
+  were expected to fall to 9,000 in the year ending July 31 from
+  11,340 in 1985/86. U.S. Sales should rise to more than 30,000
+  from 28,670 last year.
+      Schutz made no specific profit or sales forecasts. Last
+  month the company said it expected net profit to fall below 70
+  mln marks this year from 75.3 mln marks in 1985/86.
+      For sales, Porsche expects its overall world volume this
+  year to be above 50,000. Sales last year stood at 53,254,
+  Schutz said. His expectations of a satisfactory profit were
+  based on a combination of price rises and cost-cutting, he
+  added.
+      The expected drop in West German sales this year would be
+  the result of the so-called "grey market" for Porsche cars, he
+  said. When the dollar was strong against the mark, many
+  Porsches had been bought locally in West Germany for illegal
+  export to the U.S.
+      Porsche has previously said domestic sales in the 1986/87
+  first half fell to 3,267 from 5,387 in the same 1985/86 period.
+      The fact that U.S. Sales will account for a larger
+  percentage of overall sales this year than before does not pose
+  problems for profit, the Porsche board said.
+      In the last 12 months it has raised U.S. Prices by around
+  20 pct without suffering any decline in sales. At the same time
+  Porsche has hedged its dollar-denominated business for the
+  1986/87 business year, finance director Heinz Branitzki.
+      Branitzki put Porsche's hedging costs in 1985/86 at 28 mln
+  marks.
+      In a speech to the annual meeting, Schutz said third-party
+  orders placed with Porsche's engineering research centre in
+  Weissach were rising and should top 100 mln marks this year for
+  the first time.
+      Porsche's net profit dropped sharply to 75.3 mln marks in
+  1985/86 from 120.4 mln marks in 1984/85.
+  
+
diff --git a/reuters/training/10399 b/reuters/training/10399
new file mode 100644
index 0000000000000000000000000000000000000000..63344e5267eac0d8a928ff24f15bd43cba0380b2
--- /dev/null
+++ b/reuters/training/10399
@@ -0,0 +1,5 @@
+DIXONS GROUP PLC BUYS 2,455,000 CYCLOPS SHARES, NOW OWNS 83 PCT
+
+  DIXONS GROUP PLC BUYS 2,455,000 CYCLOPS SHARES, NOW OWNS 83 PCT
+  
+
diff --git a/reuters/training/104 b/reuters/training/104
new file mode 100644
index 0000000000000000000000000000000000000000..ac508a1695de3978d79fa6747e1db57f4773fa9f
--- /dev/null
+++ b/reuters/training/104
@@ -0,0 +1,22 @@
+WORLD MARKET PRICE FOR UPLAND COTTON - USDA
+  The U.S. Agriculture Department
+  announced the prevailing world market price, adjusted to U.S.
+  quality and location, for Strict Low Middling, 1-1/16 inch
+  upland cotton at 52.69 cts per lb, to be in effect through
+  midnight March 5.
+      The adjusted world price is at average U.S. producing
+  locations (near Lubbock, Texas) and will be further adjusted
+  for other qualities and locations. The price will be used in
+  determining First Handler Cotton Certificate payment rates.
+      Based on data for the week ended February 26, the adjusted
+  world price for upland cotton is determined as follows, in cts
+  per lb --
+   Northern European Price               66.32
+        Adjustments --
+   Average U.S. spot mkt location 10.42 
+   SLM 1-1/16 inch cotton          1.80 
+   Average U.S. location           0.53
+   Sum of adjustments              12.75
+   Adjusted world price            53.57
+  
+
diff --git a/reuters/training/1040 b/reuters/training/1040
new file mode 100644
index 0000000000000000000000000000000000000000..36f307caab5c10a6b00b26d10a5171c9b27cb281
--- /dev/null
+++ b/reuters/training/1040
@@ -0,0 +1,12 @@
+BELGIAN UNEMPLOYMENT FALLS IN FEBRUARY
+  Belgian unemployment, based on the
+  number of jobless drawing unemployment benefit, fell to 12.1
+  pct of the working population at the end of February from 12.6
+  pct at the end of January, the National Statistics Office said.
+      The rate compares with 12.4 pct at the end of February
+  1986.
+      The total number of jobless stood at 508,392, compared with
+  530,587 at the end of January and 521,219 at the end of
+  February 1986, the Statistics Office said.
+  
+
diff --git a/reuters/training/10401 b/reuters/training/10401
new file mode 100644
index 0000000000000000000000000000000000000000..23a8228d579ed3317b8db146ad42b9c185ca1e8f
--- /dev/null
+++ b/reuters/training/10401
@@ -0,0 +1,5 @@
+TEKTRONIX INC 3RD QTR SHR 48 CTWS VS 39 CTS
+
+  TEKTRONIX INC 3RD QTR SHR 48 CTWS VS 39 CTS
+  
+
diff --git a/reuters/training/10402 b/reuters/training/10402
new file mode 100644
index 0000000000000000000000000000000000000000..0f033acc34eaff66fe0ff9ec2179522948532493
--- /dev/null
+++ b/reuters/training/10402
@@ -0,0 +1,6 @@
+AMERICAN MEDICAL INTERNATIONAL INC <AMI> PAYOUT
+  Qtly div 18 cts vs 18 cts in prior qtr
+      Payable May one
+      Record April 15
+  
+
diff --git a/reuters/training/10403 b/reuters/training/10403
new file mode 100644
index 0000000000000000000000000000000000000000..8219a5cc0fd28d7e043cbb16fe9c663cd418e8b9
--- /dev/null
+++ b/reuters/training/10403
@@ -0,0 +1,46 @@
+COCOA BUFFER STOCK COMPROMISE GAINING ACCEPTANCE
+  A final compromise proposal on cocoa
+  buffer stock rules presented by International Cocoa
+  Organization, ICCO, council chairman Denis Bra Kanon is swiftly
+  gaining acceptance by consumer and producer members, delegates
+  said.
+      "We are close, nearer than ever to accepting it, but we
+  still have some work to do," producer spokesman Mama Mohammed of
+  Ghana told Reuters after a producers' meeting.
+      European Community, EC, delegates said EC consumers
+  accepted the package in a morning meeting and predicted "no
+  problems" in getting full consumer acceptance.
+      Delegates on both sides are keen to come to some agreement
+  today, the last day of the fortnight-long council meeting, they
+  said.
+      The compromise requires that buffer stock purchases from
+  non-ICCO member countries cannot exceed 15 pct of total buffer
+  stock purchases, delegates said. The non-member cocoa issue has
+  been among the most contentious in the rules negotiations.
+      The 15 pct figure, up five percentage points from earlier
+  proposals, represents a concession to consumers, delegates
+  said. They have demanded a larger allowance for non-member
+  cocoa in the buffer stock than producers have wanted.
+      Another problem area, delegates said, was the question of
+  price differentials for different origins of cocoa bought into
+  the buffer stock, by which the buffer stock manager could
+  fairly compare relative prices of different cocoas offered to
+  him.
+      The compromise narrowed the range of differentials between
+  the origins from what previous proposals had detailed -- a move
+  some delegates described as "just fiddling."
+      But the adjustments may prove significant enough to appease
+  some countries that were not satisfied with the original
+  proposed differentials assigned to them, delegates said.
+      The compromise also stated buffer stock purchases on any
+  day would be limited to 40 pct each in nearby, intermediate or
+  forward positions, delegates said.
+      If the compromise is accepted by the council, most
+  consumers and producers want buffer stock rules to take effect
+  next week, or as soon as practically possible.
+      The full council is scheduled to meet around 1500 GMT to
+  discuss the compromise, and could agree on it then if all
+  parties are satisfied, they said. Consumers are due to meet
+  before the council.
+  
+
diff --git a/reuters/training/10404 b/reuters/training/10404
new file mode 100644
index 0000000000000000000000000000000000000000..6c1621c273dbecf150749bf54290a4468dbee6ec
--- /dev/null
+++ b/reuters/training/10404
@@ -0,0 +1,14 @@
+DIXONS BOOSTS CYCLOPS <CYL> OWNERSHIP TO 83 PCT
+  <Dixons Group Plc> said it bought
+  about 2,445,000 Cyclops Corp common shares, boosting its
+  holdings of the company's stock to about 83 pct of those now
+  outstanding and 79 pct on a fully diluted basis.
+      Dixons said the stock was purchased in a single block
+  transaction at 95 dlrs per share.
+      The company said it expects to proceed with a merger and
+  has advised Cyclops it intends to increas the per-share amount
+  to be paid in the merger to 95 dlrs, form 90.25 dlrs, for each
+  of the about 880,000 remaining Cyclops shares outstanding on a
+  fully diluted basis.
+  
+
diff --git a/reuters/training/10406 b/reuters/training/10406
new file mode 100644
index 0000000000000000000000000000000000000000..2468d2ff41a3fe16cce0deb2863bda9ee452825d
--- /dev/null
+++ b/reuters/training/10406
@@ -0,0 +1,31 @@
+INDIA STEPS UP COUNTERTRADE DEALS
+  India is searching for non-communist
+  countertrade partners to help it cut its trade deficit and
+  conserve foreign exchange.
+      Wheat, tobacco, tea, coffee, jute, engineering and
+  electronic goods, as well as minerals including iron ore, are
+  all on offer in return for crude oil, petroleum products,
+  chemicals, steel and machinery, trade sources told Reuters.
+      Most of the impetus behind countertrade, which began in
+  1984, comes from two state trading firms -- the State Trading
+  Corp (STC) and the Minerals and Metals Trading Corp (MMTC).
+      "The two state trading corporations are free to use their
+  buying power in respect to bulk commodities to promote Indian
+  exports," a commerce ministry spokeswoman said, adding that
+  private firms are excluded from countertrading.
+      One trade source said India has targetted countries that
+  depend on an Indian domestic market recently opened to foreign
+  imports. But countertrade deals still make up only a small part
+  of India's total trading and are likely to account for less
+  than eight pct of the estimated 18.53 billion dlrs in trade
+  during the nine months ended December, the sources said.
+      Countertrade accounted for just five pct of India's 25.65
+  billion dlrs in trade during fiscal 1985/86 ended March,
+  against almost nothing in 1984/85, official figures show.
+      However, the figures exclude exchanges with the Eastern
+  Bloc paid in non-convertible Indian rupees, the sources said.
+      Total trade with the Soviet Union, involving swaps of
+  agricultural produce and textiles for Soviet arms and crude
+  oil, is estimated at 3.04 billion dlrs in fiscal 1986/87.
+  
+
diff --git a/reuters/training/10411 b/reuters/training/10411
new file mode 100644
index 0000000000000000000000000000000000000000..b53221ebba0a46e2adec0562149be16f3e50c4ea
--- /dev/null
+++ b/reuters/training/10411
@@ -0,0 +1,13 @@
+TEKTRONIX INC <TEK> 3RD QTR NET
+  Qtr ends March 7
+      Shr 48 cts vs 39 cts
+      Net 18.7 mln vs 15.6 mln
+      Revs 415.4 mln vs 384.5 mln
+      Nine mths
+      Shr 1.31 dlrs vs 78 cts
+      Net 50.7 mln vs 31.8 mln
+      Revs 1.04 billion vs 1.01 billion
+      NOTE: per share for yr and qtr prior restated to reflect
+  two-for-one stock split in Jan 1987.
+  
+
diff --git a/reuters/training/10412 b/reuters/training/10412
new file mode 100644
index 0000000000000000000000000000000000000000..6c969c9f340bf01ad7661e16d0e9abe1a8a5e295
--- /dev/null
+++ b/reuters/training/10412
@@ -0,0 +1,5 @@
+WESTINGHOUSE SAYS IT EXPECTS AT LEAST 10 PCT EARNINGS/SHR GROWTH THROUGH 89
+
+  WESTINGHOUSE SAYS IT EXPECTS AT LEAST 10 PCT EARNINGS/SHR GROWTH THROUGH 89
+  
+
diff --git a/reuters/training/10414 b/reuters/training/10414
new file mode 100644
index 0000000000000000000000000000000000000000..6fc0cb015f632ac43f1cd687270a930a5d019fe5
--- /dev/null
+++ b/reuters/training/10414
@@ -0,0 +1,13 @@
+METROPOLITAN FINANCIAL<MPC> TO ACQUIRE COMPANY
+  Metropolitan Financial Corp said it
+  signed an agreement to acquire the stock of closely held
+  Rothschild Financial Corp, St. Paul, Minn.
+      Details of the purchase were withheld.
+      It said Rothschild in 1986 originated 500 mln dlrs of
+  mortgage loans, and its loan servicing portfolio stands at 1.4
+  billion dlrs. Officials of both companies estimated their
+  combined efforts could produce originations of 800 mln dlrs and
+  a loan servicing portfolio "well over 2.0 billion dlrs by
+  yearend."
+  
+
diff --git a/reuters/training/10416 b/reuters/training/10416
new file mode 100644
index 0000000000000000000000000000000000000000..502f8723843a8555dc104ba82ca1bfb32b838196
--- /dev/null
+++ b/reuters/training/10416
@@ -0,0 +1,13 @@
+U.K. MONEY MARKET GIVEN FURTHER 663 MLN STG HELP
+  The Bank of England said it gave the
+  money market a further 663 mln stg assistance in the afternoon
+  session. This takes the Bank's total assistance so far today to
+  928 mln stg and compares with its forecast shortage which it
+  earlier revised up to 850 mln stg from 750 mln.
+      The central bank purchased bills in band one at 9-7/8 pct
+  comprising 267 mln stg bank bills, four mln stg local authority
+  bills and one mln stg treasury bills. It also bought 378 mln
+  stg bank bills and 13 mln stg of treasury bills in band two at
+  9-13/16 pct.
+  
+
diff --git a/reuters/training/10418 b/reuters/training/10418
new file mode 100644
index 0000000000000000000000000000000000000000..7153d7faef33fbe2b541731ea9263516e2a5f901
--- /dev/null
+++ b/reuters/training/10418
@@ -0,0 +1,13 @@
+AUSTRIA DOES NOT INTERVENE TO SUPPORT DOLLAR
+  The Austrian National Bank did not
+  intervene on the foreign exchange markets today to support the
+  dollar, deputy banking department chief Herbert Danzinger told
+  Reuters.
+      He denied a suggestion by a dealer at one Vienna bank that
+  the National Bank had sold marks to support the U.S. Currency.
+      Senior dealers at Creditanstalt and Girozentrale, Austria's
+  two largest banks, said they would have been aware of any
+  National Bank intervention. Any dollar purchases by the Bank
+  today were for purely day-to-day purposes, they said.
+  
+
diff --git a/reuters/training/10419 b/reuters/training/10419
new file mode 100644
index 0000000000000000000000000000000000000000..16c247490e0ddb42e912ca50113117ef212c2224
--- /dev/null
+++ b/reuters/training/10419
@@ -0,0 +1,11 @@
+HANSON TRUST <HAN> U.S. ARM SELLS CHEMICAL UNIT
+  Hanson Trust Plc <HAN> said its U.S.
+  subsidiary, Hanson Industries, sold PCR Inc, a specialty
+  chemicals unit, for 6.25 mln dlrs in cash to <Chemical Partners
+  Inc>.
+      Hanson Industries said it acquired PCR Inc in 1986 as part
+  of its purchase of <SCM Corp>.
+      PCR Inc posted an operating loss in 1986 of 381,000 dlrs on
+  sales of 13.2 mln dlrs, the company said.
+  
+
diff --git a/reuters/training/10423 b/reuters/training/10423
new file mode 100644
index 0000000000000000000000000000000000000000..eefd3d4adc26405b0dd20f805786421568b09156
--- /dev/null
+++ b/reuters/training/10423
@@ -0,0 +1,17 @@
+ELDERS EXTENDS OFFER FOR CARLING O'KEEFE <CKB>
+  <Elders IXL Ltd>, of Australia, said
+  wholly owned IXL Holdings Canada Inc extended its previously
+  announced offer to acquire all outstanding shares of Carling
+  O'Keefe Ltd to midnight April 23, 1987, from March 25.
+      The 18-dlr-a-share offer is being extended for Elders to
+  obtain Canadian federal government approval for the acquisition
+  of control of Carling. Elders said its application to
+  Investment Canada is still being processed under normal review
+  procedures.
+      Up to March 26, 19,962,000 shares or 92 pct of Carling's
+  stock has been deposited under the offer, Elders said.
+      Elders also said it arranged for a credit facility of up to
+  390 mln dlrs, shared equally between two Canadian banks, which
+  would be available to acquire shares under the offer.
+  
+
diff --git a/reuters/training/10427 b/reuters/training/10427
new file mode 100644
index 0000000000000000000000000000000000000000..9a2255ea84a0fc5a4a1c963b109f75c33020d1ed
--- /dev/null
+++ b/reuters/training/10427
@@ -0,0 +1,8 @@
+STANDARD BRED PACERS <STBD> YR LOSS
+  Shr loss 35 cts vs loss seven cts
+      Net loss 718,269 vs loss 145,216
+      Revs 1,394,080 vs 2,608,083
+      NOTE: full name of company is standard bred pacers and
+  trotters Inc.
+  
+
diff --git a/reuters/training/10429 b/reuters/training/10429
new file mode 100644
index 0000000000000000000000000000000000000000..578f397e602becf53c5ac7d0c6516298ab71610d
--- /dev/null
+++ b/reuters/training/10429
@@ -0,0 +1,9 @@
+MULTIVEST <MVST> ENDS MERGER TALKS,SETS PURCHASE
+  Multivest Corp said it has ended talks
+  on <Oryx Capital Corp>'s possible acqusition of Multivest and
+  is starting an offer of 1.51 dlrs a share for all the
+  oustanding shares of <T.B.C. Industries Inc>.
+      Multivest said its T.B.C. tender offer is scheduled to
+  expire April 30.
+  
+
diff --git a/reuters/training/10430 b/reuters/training/10430
new file mode 100644
index 0000000000000000000000000000000000000000..1aecdd8529b0d5b39051ef4232585f41a93de055
--- /dev/null
+++ b/reuters/training/10430
@@ -0,0 +1,15 @@
+MOBILE COMMUNICATIONS CORP <MCCAA> YR NET
+  Shr 77 cts vs 37 cts
+      Net 13.5 mln vs 4.8 mln
+      Revs 70.8 mln vs 60.8 mln
+      Avg shrs 17.5 mln vs 12.9 mln
+      NOTE: 1986 net includes gain of 18 mln dlrs from sale in
+  Dec 1986 of a 50 pct interest in its cellular telephone
+  operations to BellSouth Corp.
+      Net income also reflects non-recurring charges of 8,400,000
+  dlrs recorded in the fourth qtr 1986, primarily reflecting
+  revaluation of assets.
+      Full name of company is mobile communications corp of
+  america.
+  
+
diff --git a/reuters/training/10431 b/reuters/training/10431
new file mode 100644
index 0000000000000000000000000000000000000000..a1ce4f3f06cb7ca553dc15e81f0a40221c840c83
--- /dev/null
+++ b/reuters/training/10431
@@ -0,0 +1,6 @@
+TOKHEIM CORP <TOK> 1ST QTR FEB 28 NET
+  Shr 23 cts vs 12 cts
+      Net 1,535,000 vs 783,000
+      Rev 40.0 mln vs 28.7 mln
+  
+
diff --git a/reuters/training/10432 b/reuters/training/10432
new file mode 100644
index 0000000000000000000000000000000000000000..75bcfdd0ede1be7984b7c32b58c16fab0d4f5cf2
--- /dev/null
+++ b/reuters/training/10432
@@ -0,0 +1,12 @@
+SPARTECH<SPTN> SETS REVERSE SPLIT,DEBENTURE SALE
+  Spartech Corp said it plans a one for
+  five reverse stock split and has filed a registration statement
+  with the Securities and Exchange Commission covering a planned
+  25 mln dlr offering of convertible subordinated debentures due
+  1999.
+      Spartech said the debenture offering will be underwritten
+  by Kidder Peabody and Co.
+      The company said the split will be effective on stock of
+  record April eight.
+  
+
diff --git a/reuters/training/10434 b/reuters/training/10434
new file mode 100644
index 0000000000000000000000000000000000000000..2a1fbdc9886ffa5e4399724091ed722afce92c41
--- /dev/null
+++ b/reuters/training/10434
@@ -0,0 +1,16 @@
+RESTAURANT ASSOCIATES <RA.A> SETS 1ST QTR GAIN
+  Restaurant Associates Industries Inc
+  said it expects to record a pretax gain of 3.3 mln dlrs in the
+  first quarter from the sale and lease of real estate.
+      The company said it received a 2.5 mln dlrs partial payment
+  in connection with the sale of property in Manhattan and an
+  additional one mln dlrs for early termination of the lease for
+  its headquarters, which was relocated in February.
+      The outstanding balance of about 8.5 mln dlrs on the sale
+  of the property will be paid at closing scheduled for Sept 28,
+  1987, it said.
+      In the first quarter ended March 31, 1986, Restaurant
+  Associates reported net income of 313,000 dlrs or seven cts a
+  share on sales of 40.8 mln dlrs.
+  
+
diff --git a/reuters/training/10435 b/reuters/training/10435
new file mode 100644
index 0000000000000000000000000000000000000000..09c59a4f08492c5951537b16cc985aafc13b9a4f
--- /dev/null
+++ b/reuters/training/10435
@@ -0,0 +1,17 @@
+HUDSON'S BAY TO SELL WHOLESALE UNIT
+  <Hudson's Bay Co> said it signed a
+  letter of intent to sell its Hudson's Bay Wholesale unit to a
+  private investment group. Terms were not disclosed.
+      The company said Normal Paul, a member of the private
+  investment group, will head Hudson's Bay Wholesale management.
+      The unit's existing management group, headed by Ron
+  McArthur, will also participate in ownership, the company said
+  without elaborating.
+      The wholesale unit is a major distributor of tobacco,
+  confectionary and other products through 34 wholesale and 28
+  vending branches in Canada. 1986 sales were 798 mln dlrs.
+      Hudson's Bay said the sale of its wholesaling unit is part
+  of a program to concentrate financial and management resources
+  on its core business of department stores and real estate.
+  
+
diff --git a/reuters/training/10436 b/reuters/training/10436
new file mode 100644
index 0000000000000000000000000000000000000000..5406577f050d37fc2896d54fefcdd97a80858547
--- /dev/null
+++ b/reuters/training/10436
@@ -0,0 +1,18 @@
+HENLEY GROUP INC <HENG> 4TH QTR LOSS
+  Shr loss 3.41 dlrs
+      Net loss 354 mln vs loss 53 mln
+      Revs 825 mln vs 830 mln
+      Avg shrs 103.8 mln
+      Year
+      Shr loss 5.33 dlrs
+      Net loss 426 mlnm vs loss 66 mln
+      Revs 3.17 billion vs 1.83 billion
+      Avg shrs 80 mln
+      NOTE: The company had no shares outstanding in 1985. On
+  March 16, it had 109,244,315 shares oustanding.
+      Losses include pre-tax restructuring charges of 286 mln
+  dlrs in both 1986 periods vs 47 mln dlrs in both 1985 periods
+      1986 year loss also includes charge of about 100 mln dlrs
+  for amortization of good will
+  
+
diff --git a/reuters/training/10439 b/reuters/training/10439
new file mode 100644
index 0000000000000000000000000000000000000000..83955ee467d6bac12212806ccfdde69c334b210a
--- /dev/null
+++ b/reuters/training/10439
@@ -0,0 +1,6 @@
+BAYBANKS INC <BBNK> RAISES QTLY DIVIDEND
+  Qtly div 36 cts vs 33 cts prior
+      Pay May one
+      Record April 14
+  
+
diff --git a/reuters/training/1044 b/reuters/training/1044
new file mode 100644
index 0000000000000000000000000000000000000000..96521857e035a62aa7d7ad5d6e31538b8ea1b3f4
--- /dev/null
+++ b/reuters/training/1044
@@ -0,0 +1,23 @@
+PHARMACIA AB <PHAB ST>  1986 YEAR
+  Sales 3.65 billion crowns vs 3.40
+  billion.
+       Profit  after financial items 821.2 mln crowns vs 740.2
+  mln.
+      The 1986 results include a once-off writedown of 520 mln
+  crowns for intangible assets, mainly the know-how paid for in
+  the takeover of a number of high-tech companies by the group,
+  Pharmacia said.
+      Earnings per share after real tax including the writedown:
+  1.94 crowns vs 12.05 crowns.
+      Earnings per share after real tax (not including the
+  writedown): 12.38 crowns vs 12.05
+      Earnings per American Depository Receipt (ADR) according to
+  U.S. Accounting principles after real tax including the
+  writedown): 1.96 crowns vs 9.49 crowns.
+      Earnings per ADR according to U.S. Accounting principles
+  after real tax (without the writedown): 9.8 crowns vs 9.49.
+      One ADR represents 0.75 pct of one B Free share in
+  Pharmacia.
+      The board proposed a dividend of 1.55 crowns vs 1.25.
+  
+
diff --git a/reuters/training/10440 b/reuters/training/10440
new file mode 100644
index 0000000000000000000000000000000000000000..149537526722495ef681594103a1ab6e66aa39be
--- /dev/null
+++ b/reuters/training/10440
@@ -0,0 +1,14 @@
+TOKHEIM <TOK> SEES IMPROVING SALES IN 1987
+  Tokheim Corp, manufacturer of
+  electronic petroleum marketing systems, said it expects
+  shipments of Tokheim Convenience Systems (TCS), its new family
+  of dispensers, to improve its sales trend throughout 1987.
+      Tokheim said shipments of TCS will begin in the second
+  quarter.
+      Earlier, the company reported first quarter, ended February
+  28, earnings of 1.5 mln dlrs, or 23 cts a share, up from
+  783,000 dlrs, or 12 cts a share, in last year's first quarter.
+  Sales rose as well, it said, to 40.0 mln dlrs, from 28.7 mln
+  dlrs in the prior first quarter.
+  
+
diff --git a/reuters/training/10442 b/reuters/training/10442
new file mode 100644
index 0000000000000000000000000000000000000000..fe6e48487c7793ecacfeb82db25c6fd01a185125
--- /dev/null
+++ b/reuters/training/10442
@@ -0,0 +1,11 @@
+SAFETY-KLEEN <SK> TO BUY MCKESSON <MCK> UNIT
+  Safety-Kleen Corp said it agreed in
+  principle to acquire McKesson Envirosystems Co, a subsidiary of
+  McKesson Corp.
+      It said McKesson Envirosystems' current annual gross
+  revenues are about 14 mln dlrs.
+      The company collects flammable solvents from its industrial
+  customers for a fee, after which it analyzes and processes the
+  solvents before they are burned.
+  
+
diff --git a/reuters/training/10444 b/reuters/training/10444
new file mode 100644
index 0000000000000000000000000000000000000000..6cae82ad7d9315039f3c44687fc0f5fdf865fa84
--- /dev/null
+++ b/reuters/training/10444
@@ -0,0 +1,14 @@
+CCC ACCEPTS BIDS ON BONUS WHEAT TO ALGERIA-USDA
+  The Commodity Credit Corporation,
+  CCC, has accepted bids for export bonuses on 36,000 tonnes of
+  durum wheat to Algeria, the U.S. Agriculture Department said.
+      The department said the bonuses awarded averaged 40.42 dlrs
+  per tonne and will be paid to exporters in the form of
+  commodities from CCC inventories.
+      The bonuses were made to Cam USA, Inc, the department said.
+      The wheat is for shipment May 1-10, 1987.
+      An additional 264,000 tonnes of durum wheat are still
+  avaiable to Algeria under the Export Enhancement program
+  initiative announced on March 16.
+  
+
diff --git a/reuters/training/10445 b/reuters/training/10445
new file mode 100644
index 0000000000000000000000000000000000000000..290f69be28fea38df1b80f3d2ece22d8827f41cc
--- /dev/null
+++ b/reuters/training/10445
@@ -0,0 +1,46 @@
+WESTINGHOUSE <WX> SEES HIGHER EARNINGS GROWTH
+  Westinghouse Electric Corp said
+  earnings per share growth will exceed sales growth and will be
+  in the double digit range through 1989.
+      In 1986, the company earned 4.42 dlrs a share on revenues
+  of 10.7 billion dlrs.
+      Speaking at a meeting for securities analysts, Douglas
+  Danforth, Westinghouse's chairman, said the company's sales
+  growth target is about 8.5 pct a year for 1988 and 1989, "given
+  an economic environment that remains on a moderate growth
+  course." He also said the company will make acquisitions, but
+  he did not specify particular targets.
+      Paul E. Lego, senior executive vice president told the
+  analysts "our plans do not call for a multibillion dlr
+  acquisition, even though our balance sheet can handle one.
+  Despite this disclaimer, if we identify a major acquisition
+  that has significnt value-creating for Westinghouse...we will
+  consider it." He said the company would consider an acquisition
+  candidate that is in an area compatable with Westinghouse's
+  primiary businesses.
+      Danforth said the corportation was focused in several key
+  areas including defense electronics, financial services,
+  broadcasting, electrical products and services for construction
+  and industrial and utility markets.
+      Danforth added that he expects Westinghouse's sales to grow
+  faster than the markets the corportation serves and "surely
+  faster than GNP."
+      He said earnings per share growth is expected to
+  consistently exceed the Standard and Poor's 500 index and
+  return on equity will remain in the 18 to 21 pct range.
+      Leo W. Yochum, senior executive vice president for finance,
+  told the analysts "we will consider buying back stock" but
+  there are no current plans for such a buyback.
+      Yochum said that at the company's current level of earnings
+  it could comfortably maintain higher debt levels and that
+  Westinghouse will use its debt capacity to improve shareholder
+  value.
+      Last year, Westinghouse established a 790 mln dlrs
+  restructuring reserve to be used for plant consolodation,
+  assett writedowns and other items. Yochum said, the company
+  spent 306 mln dlrs of that reserve in 1986 and will spend 344
+  mln dlrs of the reserves in 1987. The balance will be used in
+  1988. He also said, capital expenditures should be about 400
+  mln dlrs in 1987.
+  
+
diff --git a/reuters/training/10446 b/reuters/training/10446
new file mode 100644
index 0000000000000000000000000000000000000000..a10b42495e1d50d4fa523d3c01e3a5dc6063c11c
--- /dev/null
+++ b/reuters/training/10446
@@ -0,0 +1,9 @@
+CLEARWATER FINE FOODS ACQUIRES CHANNEL FOODS
+  Clearwater Fine Foods Inc, a Canadian
+  company minority owned by Hillsdown Holdings PLC of London, has
+  acquired Channel Foods Ltd, a Cornwall, England producer of
+  chilled smoke fish and pate products, Hillsdown said.
+      Privately held Clearwater was sold for three mln stg, the
+  company said.
+  
+
diff --git a/reuters/training/10447 b/reuters/training/10447
new file mode 100644
index 0000000000000000000000000000000000000000..d970e021f8b75b6fb09b4e5292a2c98e6b735d9b
--- /dev/null
+++ b/reuters/training/10447
@@ -0,0 +1,10 @@
+GALACTIC RESOURCES LTD <GALCF> YEAR LOSS
+  Shr loss 1.30 dlrs
+      Net loss 25.6 mln
+      Revs 20.5 mln
+      Note: Prior results not given.
+      Shr and net include change in accounting policy, resulting
+  in loss of 22.8 mln dlrs or 1.16 dlrs share.
+      Results in U.S. funds
+  
+
diff --git a/reuters/training/10449 b/reuters/training/10449
new file mode 100644
index 0000000000000000000000000000000000000000..b46aeff2c9cf32e742793dadfb892468b888e4ed
--- /dev/null
+++ b/reuters/training/10449
@@ -0,0 +1,12 @@
+COCOA CONSUMERS ACCEPT COMPROMISE BUFFER PLAN
+  Consumer members of the International
+  Cocoa Organization, ICCO, accepted a final buffer stock rules
+  compromise, "on the condition that producers also agree,"
+  consumer spokesman Peter Baron said.
+      The full council was meeting at 1530 GMT to discuss the
+  compromise, which was put together yesterday by ICCO chairman
+  Denis Bra Kanon.
+      Consumer delegates said they were optimistic the council
+  could reach agreement on the rules fairly quickly.
+  
+
diff --git a/reuters/training/10452 b/reuters/training/10452
new file mode 100644
index 0000000000000000000000000000000000000000..54650b7c61769e3650d7187ad1ce6fb744d4bf65
--- /dev/null
+++ b/reuters/training/10452
@@ -0,0 +1,21 @@
+NATO HOLDS EMERGENCY MEETING ON AEGEAN CRISIS
+  NATO ambassadors met in emergency
+  session today to discuss tension between members Greece and
+  Turkey over a disputed area of the Aegean Sea on the Western
+  Alliance's southern flank, Greek diplomatic sources said.
+      They said no information had yet emerged from the meeting,
+  called after statements from both countries that they were
+  prepared to back rival oil exploration teams with warships.
+      General Guven Ergenc, Secretary General of the Turkish
+  General Staff, said today the Turkish research ship Sismik 1,
+  escorted by an unspecified number of warships, would sail into
+  disputed waters in the Aegean Sea tomorrow morning.
+      Greek Prime Minister Andreas Papandreou said "The military
+  readiness of our country is able now to give a very hard lesson
+  if our neighbours (Turkey) were to carry out military actions."
+      The row erupted when the Greek government said last month
+  that it was taking control of a Canadian-led consortium which
+  was already producing oil off the Greek island of Thassos and
+  would drill in the same area after the takeover.
+  
+
diff --git a/reuters/training/10453 b/reuters/training/10453
new file mode 100644
index 0000000000000000000000000000000000000000..ff0dda4c93557d7b2cf29ac4c91ef96ac031dbfb
--- /dev/null
+++ b/reuters/training/10453
@@ -0,0 +1,9 @@
+HANSON TRUST TO SELL U.S. CHEMICALS UNIT
+  Hanson Trust Plc <HNSN.L> said its U.S.
+  Subsidiary, Hanson Industries Inc, is to sell PCR Inc, a
+  speciality chemicals unit, for 6.25 mln dlrs cash to <Chemical
+  Partners Inc>.
+      PCR had sales of 13.2 mln dlrs in fiscal 1986 and an
+  operating loss of 381,000 dlrs.
+  
+
diff --git a/reuters/training/10454 b/reuters/training/10454
new file mode 100644
index 0000000000000000000000000000000000000000..aaf6c9f0b01a2df2d0fbe0b94514c37ad80d5ca0
--- /dev/null
+++ b/reuters/training/10454
@@ -0,0 +1,5 @@
+INVESTOR PAUL BILZERIAN HAS 7.2 PCT PAY 'N PAK STAKE, MAY SEEK CONTROL
+
+  INVESTOR PAUL BILZERIAN HAS 7.2 PCT PAY 'N PAK STAKE, MAY SEEK CONTROL
+  
+
diff --git a/reuters/training/10455 b/reuters/training/10455
new file mode 100644
index 0000000000000000000000000000000000000000..16ba9c664d7ed1d8308f3e1013cdc0b5a3c72201
--- /dev/null
+++ b/reuters/training/10455
@@ -0,0 +1,90 @@
+UK MAY REVOKE JAPANESE FINANCIAL LICENSES
+  The British government may revoke the
+  licences of selected Japanese banks and securities companies
+  operating in London's financial City when they come up for
+  renewal next summer if progress is not made towards opening up
+  Japan's markets to foreign competition, government sources
+  said.
+      "We can't say "yes, we are going to do it (revoke licences)"
+  but this is definitely being considered," an official said.
+      His comments came after the government was formally urged
+  today by a cross-section of influential MPs to take joint
+  retaliatory action with the United States against Japan.
+      Britain has grown increasingly impatient with Japanese
+  trade practices. "There's a sense of urgency here now, but the
+  emphasis is on securing - not undermining - our interests in
+  Japan," another government official told Reuters.
+      Prime Minister Margaret Thatcher said on Thursday that
+  Britain would not hesitate to use new powers contained in the
+  Financial Services Act 1986 and the Banking Bill to retaliate
+  against countries that do not offer reciprocal market access.
+      She clearly had Japan in mind, government sources said.
+      The U.K. Last year showed a trade defict with Japan of 3.7
+  billion stg, official figures show.
+      A parliamentary motion, signed by 98 MPs, today urged the
+  U.K. Government to "coordinate action with the President of the
+  United States, and through the Department of Trade and
+  Industry, to suspend all further applications from Japanese
+  communications companies for equipment approval by the British
+  Approvals Board for Telecommunications, and all further
+  applications from Japanese financial institutions for licences"
+  until authorities in Japan stopped imposing what the MPs called
+  "restrictive conditions" on the bid by (Cable and Wireless PLC)
+  (cawl.L) and its U.S. And Japanese partners for a stake in
+  Japan's international telecommunications market.
+      The motion for retaliatory steps came from a cross-section
+  of MPs, reflecting the strength of feeling inside Parliament.
+  Parliamentarians said their action would increase pressure on
+  the Conservative government to take firm action.
+      Officials said another option now being considered by the
+  U.K. Is to refuse issuing new banking licences to Japanese
+  institutions. That could be done under the government's
+  proposed Banking Bill now moving through parliament.
+      58 Japanese financial institutions are authorised to deal
+  in London, of which 29 are banks. In Tokyo, 14 London-based
+  firms are authorised to do financial business, officials said.
+      The new financial services and banking acts offer Britain
+  an alternative for retaliation which would be otherwise denied
+  under legally-binding international trade agreements.
+      "The Financial Services Act gives (Trade and Industry
+  Secretary Paul) Channon power to stop firms from engaging in
+  investment, banking and insurance," one official said.
+      "This point has been made to the Japanese at official level
+  a number times," the official added.
+      Britain and France are now working together to urge that
+  the European Community take collective action against Japan,
+  but by working within EC treaties, another official said.
+      British Trade Minister Alan Clark said this week in a radio
+  interview that the European Community should build barriers
+  against Japanese imports through certification procedures
+  similar to those facing European exporters in Japan.
+      "There comes a point where you cannot resist any longer," he
+  said, adding "(such barriers) can't be put in place overnight."
+  Clark said the issue of reciprocity regarding visible trade
+  "strikes at the basis of whether British industry is to have a
+  fair access to an extremely large market (Japan) which is
+  itself in a very dominant position (in) certain aspects of our
+  own domestic market ... It is really a question of fairness."
+      The situation is only likely to worsen following news that
+  Japan's trade surplus with the rest of the world rose by more
+  than 70 pct in February, year-on-year, to 8.14 billion dlrs
+  from 5.7 billion in January, political sources said.
+      But Clark said in his interview that the issues of visible
+  trade and access to financial markets should be kept separate.
+      Should Britain decide to act against Japanese financial
+  institutions, it would most likely focus on the smaller, rather
+  than larger ones, to minimise any risks to its role as a global
+  business centre, government sources said. Japan's four largest
+  securities houses are members of the London Stock Exchange.
+      In Washington, White House officials said President Reagan
+  was ready to impose retaliatory trade action against Japan for
+  breaking its semiconductor agreement with the United States.
+      There was no immediate indication when Reagan might act on
+  the recommendations of his Economic Policy Council to curb
+  Japanese exports to the United States but officials said the
+  move could come today or early next week.
+      Trade sources said the actions being weighed by Reagan
+  included tariffs on a wide variety of Japanese exports which
+  use semiconductors.
+  
+
diff --git a/reuters/training/10458 b/reuters/training/10458
new file mode 100644
index 0000000000000000000000000000000000000000..d0a9149f3254b67734013adc575718606c56066d
--- /dev/null
+++ b/reuters/training/10458
@@ -0,0 +1,9 @@
+LSB INDUSTRIES <LSB> AGREES TO ACQUIRE BANK
+  LSB Industries Inc said it agreed
+  to acquire Northwest Federal Savings and Loan Association for
+  1,500,000 dlrs.
+      As part of the agreement, LSB said it also would transfer
+  assets valued of not less than 30 mln dlrs to Northwest
+  Federal, which is located in Woodward, Okla.
+  
+
diff --git a/reuters/training/10459 b/reuters/training/10459
new file mode 100644
index 0000000000000000000000000000000000000000..705ff6fadcea4b8e03b04dc8c31823568865ee25
--- /dev/null
+++ b/reuters/training/10459
@@ -0,0 +1,10 @@
+UNIVERSAL HOLDING CORP <UHCO> 4TH QTR NET
+  Shr NA
+      Net profit 2,000 vs profit 195,000
+      Revs 2,623,000 vs 2,577,000
+      Year
+      Shr NA
+      Net loss 425,000 vs profit 278,000
+      Revs 15.4 mln vs 8,637,000
+  
+
diff --git a/reuters/training/10462 b/reuters/training/10462
new file mode 100644
index 0000000000000000000000000000000000000000..0dc217e7ff430b92ff648c730947db8ab8d5c133
--- /dev/null
+++ b/reuters/training/10462
@@ -0,0 +1,19 @@
+BILZERIAN MAY SEEK CONTROL OF PAY 'N PAK <PNP>
+  Investor Paul Bilzerian disclosed he
+  holds a 7.2 pct stake in Pay 'N Pak Stores Inc common stock and
+  is considering seeking control of the retail building material
+  firm.
+      Bilzerian said he and a Tampa, Fla., investment firm he
+  controls called Bicoastal Financial Corp "may acquire additional
+  shares, or they may seek to acquire one or more positions on
+  (Pay 'N Pak's) Board of directors or to acquire a controlling
+  interest in the (company's) shares, by tender offer or
+  otherwise." The statement was made in a filing with the
+  Securities and Exchange Commission.
+      Bilzerian said his course of action would depend on the
+  company's prospects, market conditions and other factors.
+      Bilzerian said he and Bicoastal made net purchases of
+  515,600 shares on the New York Stock Exchange Jan 26-March 25.
+      His 7.2 pct stake makes up a total of 722,000 shares.
+  
+
diff --git a/reuters/training/10464 b/reuters/training/10464
new file mode 100644
index 0000000000000000000000000000000000000000..88daace1c8be31899d64010c4d0126da9e0d8390
--- /dev/null
+++ b/reuters/training/10464
@@ -0,0 +1,11 @@
+FED EXPECTED TO ADD RESERVES, ECONOMISTS SAY
+  The Federal Reserve is expected to
+  enter the U.S. government securities market to add reserves
+  today, economists said.
+      They said the Fed would probably supply temporary reserves
+  indirectly by arranging one to two billion dlrs of customer
+  repurchase agreements.
+      After averaging 6.21 pct yesterday, federal funds were
+  opened at 6-1/8 pct and remained at that level.
+  
+
diff --git a/reuters/training/10467 b/reuters/training/10467
new file mode 100644
index 0000000000000000000000000000000000000000..4f3de853adae8487a674496b4ba9b9d26f78f56f
--- /dev/null
+++ b/reuters/training/10467
@@ -0,0 +1,11 @@
+ALLEGHENY INT'L <AG> SELLS THREE OVERSEAS UNITS
+  Allegheny International Inc
+  said it sold three overseas subsidiaries to Reil Corp Ltd, a
+  North Sydney, Australia, investment group.
+      Terms were not disclosed.
+      The units sold were Sunbeam Corp Ltd Australia, Sunbeam New
+  Zealand Ltd and Victa (U.K.) Ltd. The units make and distribute
+  various products, including lawn mowers, small appliances and
+  sheep shearing equipment. They employ a total of about 1,750.
+  
+
diff --git a/reuters/training/1047 b/reuters/training/1047
new file mode 100644
index 0000000000000000000000000000000000000000..9829ea576c139447da78df2b333c1594169240b0
--- /dev/null
+++ b/reuters/training/1047
@@ -0,0 +1,26 @@
+PHARMACIA FORECASTS HIGHER 1987 EARNINGS
+  Pharmacia AB <PHAB ST> forecast
+  earnings after financial items of one billion crowns in 1987 vs
+  821.2 mln last year on condition that exchange rates remained
+  at their present parities.
+      Sales would in such circumstances go up to six billion
+  crowns from 3.65 billion in 1986, it said.
+      A weakening Dollar was mainly responsible for a five pct
+  negative impact on sales during 1986 which the company blamed
+  on currency movements.
+      Last year's results were also badly hit by a once-off
+  writedown of 520 mln crowns for intangible assets.
+      The company said mainly this represented the premium the
+  group had paid for the know-how of various high-tech firms it
+  had taken over.
+      The accounts also showed a financial deficit of 1.87
+  billion crowns vs a deficit of 133 mln which was covered partly
+  by drawing down company liquidity to 738 mln vs one billion and
+  partly by increasing borrowing to 2.23 billion vs 621 mln.
+      Pharmacia said the financial deficit was caused by it
+  having used more funds than generated by group operations,
+  mainly because of the 1.36 billion it paid in cash for shares
+  in LKB-Produkter AB and the assets of Intermedics-Intraocular
+  Inc.
+  
+
diff --git a/reuters/training/10470 b/reuters/training/10470
new file mode 100644
index 0000000000000000000000000000000000000000..209b1e54bc335a5fdc37c6b4419d1b5e37eec21d
--- /dev/null
+++ b/reuters/training/10470
@@ -0,0 +1,35 @@
+GALACTIC <GALCF> ADOPTS CONSERVATIVE ACCOUNTING
+  Galactic Resources
+  Ltd, earlier reporting a 1986 loss of 25.6 mln U.S. dlrs, said
+  it adopted a more conservative accounting policy, similar to
+  other gold producers' accounting for exploration costs.
+      As a result, the company retroactively charged all past
+  exploration and related administration costs incurred on its
+  properties against expenses in 1986, 1985 and 1984.
+      Under the new policy, all future exploration and related
+  administration costs will be written off to expenses rather
+  than capitalized as an intangible asset, it said.
+      Galactic said the accounting change resulted in a 22.8 mln
+  U.S. dlr charge against 1986 earnings. It did not immediately
+  disclose the affect of the change on prior years' results.
+      The new accounting policy is not expected to adversely
+  affect working capital position, future cash flows or the
+  company's ability to conduct ongoing business operations, it
+  said.
+      Galactic said the charge includes 9.9 mln U.S. dlrs of
+  costs concerning its Summitville Mine leach pad and 8.9 mln
+  U.S. dlrs in waste removal costs, dyke construction and other
+  mine developments.
+      Galactic said under the prior accounting policy, the
+  Summitville mine expenses would have been amortized over the
+  life of the mine and charged against future earnings.
+      The change will also result in lower depreciation and
+  amortization charges against income of about 52 U.S. dlrs an
+  ounce of gold produced in future periods, based on total
+  estimated reserves of 617,000 ounces.
+      Galactic said March leaching production at Summitville is
+  expected to exceed 2,500 ounces, raising gold equivalent
+  production since the June 5, 1986 start of leaching to 65,000
+  ounces.
+  
+
diff --git a/reuters/training/10471 b/reuters/training/10471
new file mode 100644
index 0000000000000000000000000000000000000000..66fafa4d51bd62998cd7881806c5d195f87fbd9e
--- /dev/null
+++ b/reuters/training/10471
@@ -0,0 +1,5 @@
+Cocoa Council agrees new buffer stock  rules - delegates
+
+  Cocoa Council agrees new buffer stock  rules - delegates
+  
+
diff --git a/reuters/training/10472 b/reuters/training/10472
new file mode 100644
index 0000000000000000000000000000000000000000..35460c040108f5303cdab3ad7ed11bbd7068b9e8
--- /dev/null
+++ b/reuters/training/10472
@@ -0,0 +1,21 @@
+MARS STORE <MXXX> SEES QTR, YEAR LOSS AND CHARGE
+  Mars Store Inc said it
+  expects to report a loss of about 800,000 dlrs for the fourth
+  quarter and about 1.1 mln dlrs for the fiscal year ended
+  January 31.
+      As a result of the loss, the company said it has decided to
+  discontinue the operations of its Big Value Outlets division,
+  which will result in a yet undisclosed one time charge against
+  earnings for the year.
+      The estimated 1.1 mln dlrs year loss or about 50 cts a
+  share, compares with earnings of 871,000 dlrs or 42 cts a share
+  recorded last year.
+      "The fourth quarter loss was affected by an abnormally high
+  inventory shrinkage, lower than planned sales and higher
+  markdowns related to increased promotional activity, all of
+  which reduced fourth quarter gross margins," the company said.
+      In order to concentrate on the company's core business, the
+  operation of discount and promotional department stores, Mars
+  said, it has decided to close the Big Value division.
+  
+
diff --git a/reuters/training/10473 b/reuters/training/10473
new file mode 100644
index 0000000000000000000000000000000000000000..7c047cb32170f2c1a865e6888fae427f1fa9103f
--- /dev/null
+++ b/reuters/training/10473
@@ -0,0 +1,52 @@
+HONEYWELL <HON> COMPLETES COMPUTER BUSINESS SALE
+  Honeywell Inc said it has
+  completed the sale of 57.5 pct of its Honeywell Information
+  Systems <HIS> computer business to <Compagnie des Machines
+  Bull> of France and <NEC Corp> of Japan for 527 mln dlrs in
+  cash.
+      Honeywell said it will use much of the money to reduce
+  short-term debt incurred last December when the company
+  purchased the Sperry Aerospace Group.
+      Honeywell said the sale of HIS has created a new dedicated
+  computer company jointly owned by Bull, NEC and Honeywell.
+      The new privately held company, named Honeywell Bull, is
+  42.5 pct owned by Honeywell Inc, 42.5 pct by Bull and 15 pct by
+  NEC, the new company said.
+      Honeywell added that terms of the agreement with NEC and
+  Bull allow it to reduce its current 42.5 pct stake in the new
+  company to 19.9 pct at the end of 1988 by selling just over
+  half its shares to Bull. Book value at the time will determine
+  the move's pricing, Honeywell said.
+      Honeywell chairman and chief executive officer, Edson
+  Spencer, said the move is the last major step in Honeywell's
+  restructuring.
+      "As the leading worldwide supplier of of automation and
+  controls for buildings, industry, aerospace and defense,
+  Honeywell is now focusing its management, technical and
+  financial resources on high market share business," Spencer
+  said.
+      Honeywell said it expects to be Honeywell Bull's largest
+  customer, purchasing computers for its own internal data
+  processing, for integration into Honeywell buidling and
+  industrial automation systems and for resale to the U.S.
+  governement.
+      Honeywell said HIS's Federal Systems Division is now a
+  wholly owned unit of Honeywell Inc, and has been named
+  Honeywell Federal Systems Inc.
+      Honeywell said it accounted for HIS as a discontinued
+  operation in 1986, and will account for its future interest on
+  a cost basis, recording any dividends as received.
+      Honeywell Bull said it will continue to develop its product
+  line and build its business in integrated systems for
+  networking, database management and transaction processing.
+      The new company said its board will have nine members,
+  including the chairman and chief executive officer.
+      Bull will have four members, Honeywell two and NEC one, the
+  new company, which began worldwide operations today, said.
+      It added that Jacques Stern, Bull's chairman and chief
+  executive officer, will serve as Honeywell Bull's chairman of
+  the board, while Jerome Meyer, formerly executive vice
+  president of Honeywell Information Systems, was named president
+  and chief executive officer.
+  
+
diff --git a/reuters/training/10475 b/reuters/training/10475
new file mode 100644
index 0000000000000000000000000000000000000000..23548918bcdd34f13947b7a847c666cbe0675246
--- /dev/null
+++ b/reuters/training/10475
@@ -0,0 +1,14 @@
+DEALERS SAY FED INTERVENED BUYING DOLLARS IN U.S.
+  U.S. dealers said the New York Federal
+  Reserve Bank has intervened in the foreign exchange market
+  today buying dollars against yen.
+      Fed officials do not comment on such intervention, but
+  dealers said it appeared that the Fed had intervened when the
+  dollar reached 147.50 yen in New York.
+      The dollar subsequently hovered at 147.55/65 yen.
+      Dealers said they were uncertain about the size of the
+  intervention, but some said it was only for a small amount.
+  They were also uncertain whether the Fed intervened on its own
+  account, or if it executed orders for the Bank of Japan.
+  
+
diff --git a/reuters/training/10478 b/reuters/training/10478
new file mode 100644
index 0000000000000000000000000000000000000000..b6082dd67a402c32d10b1b6bc580b359989e18b4
--- /dev/null
+++ b/reuters/training/10478
@@ -0,0 +1,6 @@
+<INNOPAC INC> SIX MTHS FEBRUARY 28 NET
+  Shr 22 cts vs 45 cts
+      Net 3,100,000 vs 5,100,000
+      Revs 103.4 mln vs 98.2 mln
+  
+
diff --git a/reuters/training/10484 b/reuters/training/10484
new file mode 100644
index 0000000000000000000000000000000000000000..e4cc669ea7d6f410762759b46db0b7ba7b52895a
--- /dev/null
+++ b/reuters/training/10484
@@ -0,0 +1,6 @@
+CORNERSTONE FINANICAL CORP <CSTN> SETS PAYOUT
+  Qtrly div eight cts vs eight cts prior
+      Pay May 15
+      Record April 10
+  
+
diff --git a/reuters/training/10485 b/reuters/training/10485
new file mode 100644
index 0000000000000000000000000000000000000000..e3c8fe25cf3da6046e596348cfb6a5fae6a21e94
--- /dev/null
+++ b/reuters/training/10485
@@ -0,0 +1,14 @@
+PEGASUS GOLD <PGULF> STARTS MILLING IN MONTANA
+  Pegasus Gold Inc said
+  milling operations have started at its Montana Tunnels open-pit
+  gold, silver, zinc and lead mine near Helena.
+      The start-up is three months ahead of schedule and six mln
+  dlrs under budget, the company said. Original capital cost of
+  the mine was 57.5 mln dlrs, but came in at 51.5 mln dlrs, the
+  company said.
+      After a start-up period, the mill is expected to produce 
+  106,000 ounces of gold, 1,700,000 ounces of silver, 26,000 tons
+  of zinc and 5,700 tons of lead on an annual basis from
+  4,300,000 tons of ore, the company said.
+  
+
diff --git a/reuters/training/10487 b/reuters/training/10487
new file mode 100644
index 0000000000000000000000000000000000000000..748293cd8070c3d1d5d63c91c0e4e6bd73891c7a
--- /dev/null
+++ b/reuters/training/10487
@@ -0,0 +1,30 @@
+LOWER ASCS CORN PRICES TO AFFECT TEN STATES
+  The Agriculture Department's
+  widening of Louisiana gulf differentials will affect county
+  posted prices for number two yellow corn in ten states, a USDA
+  official said.
+      All counties in Iowa will be affected, as will counties
+  which use the gulf to price corn in Illinois, Indiana,
+  Tennessee, Kentucky, Missouri, Mississippi, Arkansas, Alabama
+  and Louisiana, said Ron Burgess, Deputy Director of Commodity
+  Operations Division for the USDA.
+      USDA last night notified the grain industry that effective
+  immediately, all gulf differentials used to price interior corn
+  would be widened on a sliding scale basis of four to eight cts,
+  depending on what the differential is.
+      USDA's action was taken to lower excessively high posted
+  county prices for corn caused by high gulf prices.
+      "We've been following this Louisiana gulf situation for a
+  month, and we don't think it's going to get back in line in any
+  nearby time," Burgess said.
+      Burgess said USDA will probably narrow back the gulf
+  differentials when and if Gulf prices recede. "If we're off the
+  mark now because we're too high, wouldn't we be as much off the
+  mark if we're too low?" he said.
+      While forecasting more adjustments if Gulf prices fall,
+  Burgess said no other changes in USDA's price system are being
+  planned right now.
+      "We don't tinker. We don't make changes lightly, and we
+  don't make changes often," he said.
+  
+
diff --git a/reuters/training/10489 b/reuters/training/10489
new file mode 100644
index 0000000000000000000000000000000000000000..1341043115b6ceb566c631d0942b636093e0e1ff
--- /dev/null
+++ b/reuters/training/10489
@@ -0,0 +1,10 @@
+GREECE BUYS 55,000 TONNES FRENCH MAIZE - TRADE
+  Greece bought a total of 55,000 tonnes of
+  French maize when it tendered yesterday, initially for 30,000
+  tonnes of April delivery, trade sources said.
+      They said 25,000 tonnes, to be shipped from Bordeaux, were
+  sold at 1,603 francs per tonne fob, 15,000 tonnes from Rouen at
+  1,596 francs fob and 15,000 tonnes from Sete at 1,607 francs
+  fob.
+  
+
diff --git a/reuters/training/1049 b/reuters/training/1049
new file mode 100644
index 0000000000000000000000000000000000000000..c709228837e91eddafb2cce182e202697552dd35
--- /dev/null
+++ b/reuters/training/1049
@@ -0,0 +1,5 @@
+CANADA REAL 4TH QTR GDP ROSE 1.1 PCT, AFTER 3RD QTR 1.1 PCT RISE - OFFICIAL
+
+  CANADA REAL 4TH QTR GDP ROSE 1.1 PCT, AFTER 3RD QTR 1.1 PCT RISE - OFFICIAL
+  
+
diff --git a/reuters/training/10491 b/reuters/training/10491
new file mode 100644
index 0000000000000000000000000000000000000000..4b74e58c61168555e5baea503a5173dfd520bb0f
--- /dev/null
+++ b/reuters/training/10491
@@ -0,0 +1,5 @@
+COCOA BUFFER STOCK RULES TO TAKE EFFECT  IMMEDIATELY - DELEGATES
+
+  COCOA BUFFER STOCK RULES TO TAKE EFFECT  IMMEDIATELY - DELEGATES
+  
+
diff --git a/reuters/training/10494 b/reuters/training/10494
new file mode 100644
index 0000000000000000000000000000000000000000..927afe18d822edbf628d66d842768ffc1d6c4738
--- /dev/null
+++ b/reuters/training/10494
@@ -0,0 +1,26 @@
+DROUGHT CUTS CHINESE WHEAT CROP -- USDA REPORT
+  Drought has resulted in a reduction
+  in China's estimated wheat crop this year to 87.0 mln tonnes,
+  2.0 mln below last year's harvest, the U.S. Agriculture
+  Department's officer in Peking said in a field report.
+      The report, dated March 25, said imports in the 1987/88
+  season are projected at 8.0 mln tonnes, 1.0 mln tonnes above
+  the the current season's estimate.
+      Imports from the United States are estimated at 1.5 mln
+  tonnes compared to only 150,000 tonnes estimated for the
+  1986/87 year, it said.
+      After travelling to major wheat producing areas and
+  obtaining more information on the planted area, the total
+  planted area was estimated down 290,000 hectares due to the dry
+  fall, it said.
+      The report said to compensate for the below normal
+  precipitation irrigation has increased as has the use of
+  fertilizer.
+      While there are pockets where irrigation is not possible,
+  most of the wheat crop has access to some water and therefore
+  has emerged from dormancy and is doing well, the report said.
+      It said scattered rain in many parts of China in the past
+  10 days has improved the situation but information on hail
+  damage in Anhui is incomplete.
+  
+
diff --git a/reuters/training/10498 b/reuters/training/10498
new file mode 100644
index 0000000000000000000000000000000000000000..5383588658bf5f8c2bd2325604b7cf307e1e2527
--- /dev/null
+++ b/reuters/training/10498
@@ -0,0 +1,15 @@
+CISTRON BIOTECHNOLOGY <CIST> SETS DIVIDEND
+  Cistron Biotechnology Inc said
+  it will pay a stock dividend declared prior to the initial
+  public offering of its common stock in August 1986 to
+  stockholders of record prior to the common offering.
+      Payment of the dividend was contingent on the closing bid
+  price of the common stock averaging two dlrs or more per shares
+  for the trading days within any consecutive ten day period
+  ending before February 29, 1988. The company said that the
+  contingency has been fulfilled.
+      Payment of the stock dividend increases Cistron's
+  outstanding common stock to 21,390,190 shares from 16,185,354
+  shares.
+  
+
diff --git a/reuters/training/10499 b/reuters/training/10499
new file mode 100644
index 0000000000000000000000000000000000000000..79ac23bf27922df72f778610c233de89d35675f1
--- /dev/null
+++ b/reuters/training/10499
@@ -0,0 +1,13 @@
+WERNER ENTERPRISES INC <WERN> 4TH QTR, YR NET
+  Qtr ends Feb 28
+      Shr 18 cts vs 10 cts
+      Net 2,051,000 vs 901,000
+      Revs 25.8 mln vs 19.2 mln
+      Avg shrs 10.7 mln vs 9,059,600
+      12 mths
+      Shr 87 cts vs 63 cts
+      Net 9,020,000 vs 5,680,000
+      Revs 94.4 mln vs 73.7 mln
+      Avg shrs 10.3 mln vs 9,059,600
+  
+
diff --git a/reuters/training/105 b/reuters/training/105
new file mode 100644
index 0000000000000000000000000000000000000000..46a56a2b5c5c4df3cc3c4fb081e33128c22becdf
--- /dev/null
+++ b/reuters/training/105
@@ -0,0 +1,58 @@
+SUGAR QUOTA IMPORTS DETAILED -- USDA
+  The U.S. Agriculture Department said
+  cumulative sugar imports from individual countries during the
+  1987 quota year, which began January 1, 1987 and ends December
+  31, 1987 were as follows, with quota allocations for the quota
+  year in short tons, raw value --
+              CUMULATIVE     QUOTA 1987
+                IMPORTS     ALLOCATIONS
+   ARGENTINA        nil          39,130
+   AUSTRALIA        nil          75,530
+   BARBADOS         nil           7,500
+   BELIZE           nil          10,010
+   BOLIVIA          nil           7,500
+   BRAZIL           nil         131,950
+   CANADA           nil          18,876
+                             QUOTA 1987
+                IMPORTS     ALLOCATIONS
+   COLOMBIA         103          21,840
+   CONGO            nil           7,599
+   COSTA RICA       nil          17,583
+   IVORY COAST      nil           7,500
+   DOM REP        5,848         160,160
+   ECUADOR          nil          10,010
+   EL SALVADOR      nil          26,019.8
+   FIJI             nil          25,190
+   GABON            nil           7,500
+                             QUOTA 1987
+                IMPORTS     ALLOCATIONS
+   GUATEMALA        nil          43,680
+   GUYANA           nil          10,920
+   HAITI            nil           7,500
+   HONDURAS         nil          15,917.2
+   INDIA            nil           7,500
+   JAMAICA          nil          10,010
+   MADAGASCAR       nil           7,500
+   MALAWI           nil           9,,100
+                             QUOTA 1987
+                 IMPORTS    ALLOCATIONS
+   MAURITIUS         nil         10,920
+   MEXICO             37          7,500
+   MOZAMBIQUE        nil         11,830
+   PANAMA            nil         26,390
+   PAPUA NEW GUINEA  nil          7,500
+   PARAGUAY          nil          7,500
+   PERU              nil         37,310
+   PHILIPPINES       nil        143,780
+   ST.CHRISTOPHER-
+   NEVIS             nil          7,500
+                            QUOTA 1987
+                  IMPORTS  ALLOCATIONS
+   SWAZILAND          nil         14,560
+   TAIWAN             nil         10,920
+   THAILAND           nil         12,740
+   TRINIDAD-TOBAGO    nil          7,500
+   URUGUAY            nil          7,500
+   ZIMBABWE           nil         10,920
+  
+
diff --git a/reuters/training/1050 b/reuters/training/1050
new file mode 100644
index 0000000000000000000000000000000000000000..44cbe96d6b45abb5f9c229250ac920320bea14c0
--- /dev/null
+++ b/reuters/training/1050
@@ -0,0 +1,5 @@
+CANADA 4TH QTR CURRENT ACCOUNT DEFICIT 2.3 BILLION DLRS VS 3RD QTR 1.9 BILLION DEFICIT - OFFICIAL
+
+  CANADA 4TH QTR CURRENT ACCOUNT DEFICIT 2.3 BILLION DLRS VS 3RD QTR 1.9 BILLION DEFICIT - OFFICIAL
+  
+
diff --git a/reuters/training/10500 b/reuters/training/10500
new file mode 100644
index 0000000000000000000000000000000000000000..d0387ea0553d6e68c4ccb5ff42a44bf55c005c4e
--- /dev/null
+++ b/reuters/training/10500
@@ -0,0 +1,6 @@
+<REVENUE PROPERTIES CO LTD> YEAR LOSS
+  Shr loss eight cts vs loss 24 cts
+      Net loss 1,150,000 vs loss 3,450,000
+      Revs 55.7 mln vs 78.1 mln
+  
+
diff --git a/reuters/training/10503 b/reuters/training/10503
new file mode 100644
index 0000000000000000000000000000000000000000..f515fc01a90ed6081ab63548cec5523ae92a50ce
--- /dev/null
+++ b/reuters/training/10503
@@ -0,0 +1,9 @@
+FED ADDS RESERVES VIA CUSTOMER REPURCHASES
+  The Federal Reserve entered the U.S.
+  Government securities market to arrange one billion dlrs of
+  customer repurchase agreements, a Fed spokesman said.
+      Dealers said Federal funds were trading at 6-1/8 pct when
+  the Fed began its temporary and indirect supply of reserves to
+  the banking system.
+  
+
diff --git a/reuters/training/10505 b/reuters/training/10505
new file mode 100644
index 0000000000000000000000000000000000000000..9a835ec98a99c6fa6b04048e8ef300d18b9dd4de
--- /dev/null
+++ b/reuters/training/10505
@@ -0,0 +1,33 @@
+ICCO COUNCIL AGREES COCOA BUFFER STOCK RULES
+  The International Cocoa Organization
+  (ICCO) Council reached agreement on rules to govern its buffer
+  stock, the device it uses to keep cocoa off the market to
+  stabilise prices, ICCO delegates said.
+      The date on which the new rules will take effect has not
+  been decided but delegates said they expected them to come into
+  force early next week, after which the buffer stock manager can
+  begin buying or selling cocoa.
+      Since prices are below the "may-buy" level of 1,655 Special
+  Drawing Rights a tonne set in the cocoa pact, the manager is
+  likely to buy cocoa sooon to support the market, they said.
+      Delegates and traders said they expected the manager,
+  Juergen Plambeck, to intervene in the market within three weeks
+  of the pact coming into force.
+      The rules permit him to buy and sell cocoa from origins or
+  the second hand market on an offer system, not by means of a
+  posted price as in the previous cocoa accord.
+      The cocoa will be priced according to a fixed set of
+  differentials, ranging from 137 stg for most expensive Ghana
+  cocoa to zero for Malaysian cocoa.
+      Purchases from non-members, such as Malaysia, will be
+  limited to 15 pct of the total stock and those on any one day
+  should be limited to 40 pct each in nearby, intermediate and
+  forward positions.
+      The council meeting, which is expected to conclude two
+  weeks of sessions involving various working groups and the
+  council itself, was continuing, the delegates said.
+      The current cocoa agreement came into force on January 20
+  during a previous meeting of the council which was unable to
+  agree on the rules to implement buffer stock operations.
+  
+
diff --git a/reuters/training/10506 b/reuters/training/10506
new file mode 100644
index 0000000000000000000000000000000000000000..d0b83c0269d80171dbc247422ba82fac69dad514
--- /dev/null
+++ b/reuters/training/10506
@@ -0,0 +1,9 @@
+COCOA BUFFER STOCK RULES EFFECTIVE IMMEDIATELY
+  The cocoa buffer stock rules just
+  decided by the International Cocoa Organization, ICCO, council
+  will take effect immediately, delegates said.
+      That means the buffer stock manager is likely to begin
+  buying cocoa within two or three weeks, after organizing
+  communication systems and assessing the market, they said.
+  
+
diff --git a/reuters/training/10508 b/reuters/training/10508
new file mode 100644
index 0000000000000000000000000000000000000000..4fe9dd83ef1882bb0f66112f956eda157489d709
--- /dev/null
+++ b/reuters/training/10508
@@ -0,0 +1,12 @@
+SOUTHAM TO SELL 49 PCT INTEREST IN BRANDON SUN
+  <Southam Inc> said it agreed to sell
+  its 49 pct interest in Sun Publishing Co Ltd, which publishes
+  The Brandon Sun, to majority shareholder publisher Lewis D.
+  Whitehead.
+      Terms were not disclosed.
+      Southam said the proposed sale resulted from an offer made
+  by Whitehead, whose family has had majority control of the
+  newspaper since 1905.
+      The Brandon Sun has daily circulation of 19,100.
+  
+
diff --git a/reuters/training/10509 b/reuters/training/10509
new file mode 100644
index 0000000000000000000000000000000000000000..e132f49e63e03243d95576da8d9fbc7ad476dc7b
--- /dev/null
+++ b/reuters/training/10509
@@ -0,0 +1,9 @@
+GLAMIS GOLD <GLGVF> SETS COMMON STOCK SPLIT
+  Glamis Gold Ltd
+  said it will ask shareholders at an April 1 extraordinary
+  general meeting to approve a one-and-one-half for one common
+  share split.
+      Record date for the split will be set in the near future,
+  the company said.
+  
+
diff --git a/reuters/training/10515 b/reuters/training/10515
new file mode 100644
index 0000000000000000000000000000000000000000..31959f194c5817194e3bedb0757b7cf7eefbd298
--- /dev/null
+++ b/reuters/training/10515
@@ -0,0 +1,10 @@
+NUCLEAR METALS <NUCM> HAS DELAY IN ORDERS
+  Nuclear Metals Inc said a delay
+  in receiving certain new orders will result in negligible
+  earnings per share for its fiscal second quarter.
+      However, the company said it has been assured that the
+  orders will be placed beginning in its fiscal third quarter and
+  that it expects a strong rebound in earnings for the third and
+  fourth quarters.
+  
+
diff --git a/reuters/training/10518 b/reuters/training/10518
new file mode 100644
index 0000000000000000000000000000000000000000..301e9ea37e3ccbd5371b78fb8b3cac9843caf9de
--- /dev/null
+++ b/reuters/training/10518
@@ -0,0 +1,14 @@
+FIRST SARASOTA HOLDERS APPROVE ACQUISITIONS
+  First Sarasota Bancorp said
+  its shareholders approved the acquisition of its City
+  Commercial Bank subsidiary by First Union Corp's <FUNC> First
+  Union National Bank of Florida.
+      The purchase price of the outstanding shares is about 8.6
+  mln dlrs.
+      The transaction, subject to regulatory approval, is
+  expected to be completed during the second quarter of 1987.
+      After completing the City Commercial acquisition and four
+  other acquisitions having combined assets of 248 mln dlrs,
+  First Union will have assets of 28.6 billion dlrs.
+  
+
diff --git a/reuters/training/10519 b/reuters/training/10519
new file mode 100644
index 0000000000000000000000000000000000000000..dffc5faa58662fbe3c64bbdd0509d6cd79a35843
--- /dev/null
+++ b/reuters/training/10519
@@ -0,0 +1,41 @@
+JAMAICA BUYS U.S. PL-480 CORN, WHEAT AND RICE
+  Jamaica bought U.S. corn, wheat and
+  rice at its tender earlier this week using PL-480 funds, a U.S.
+  Department of Agriculture official said.
+      The purchase consisted of the following cargoes -
+   - Cargill sold 1,503.5 tonnes of number two soft red winter
+  (SRW) wheat for May 5/30 shipment at 117.44 dlrs per tonne FOB
+  Gulf ports.
+   - Continental Grain 8,250 tonnes of number two northern
+  spring/dark northern spring (NS/DNS) wheat (14.5 pct protein)
+  for April 15/May 10 at 123.97 dlrs FOB Gulf, excluding
+  Brownsville.
+   - Nichemen 10,000 tonnes number two SRW wheat for June 12/July
+  7 at 103.43 dlrs FOB Gulf.
+   - Nichemen 10,000 tonnes number two NS/DNS wheat (14.0 pct
+  protein) for May 25/June 20 at 121.89 dlrs FOB Gulf.
+   - Cargill 10,000 tonnes number two SRW wheat for April 10/May
+  5 at 120.88 dlrs FOB Gulf.
+   - Cargill 8,469.5 tonnes number two SRW wheat for May 5/30 at
+  117.44 dlrs FOB Gulf.
+   - Louis Dreyfus 4,500 tonnes number three yellow corn (15.0
+  pct maximum moisture) for April 10/May 5 at 76.09 dlrs FOB
+  Gulf.
+   - Louis Dreyfus 5,300 tonnes same corn April 20/May 15 at
+  75.89 dlrs FOB Gulf.
+   - Louis Dreyfus 5,300 tonnes same corn May 10/June 5 at 75.49
+  dlrs FOB Gulf.
+   - Louis Dreyfus 5,300 tonnes same corn June 1/25 at 75.49 dlrs
+  FOB Gulf.
+   - Loius Dreyfus 3,700 tonnes number two yellow corn (14.5 pct
+  maximum moisture) for Apirl 10/May 5 at 76.29 dlrs FOB Gulf.
+   - Louis Dreyfus 3,700 tonnes same corn for May 10/June 5 at
+  75.68 dlrs FOB Gulf.
+      Exporters have not received final PL-480 approval on their
+  sale of a total of 9,500 tonnes of U.S. number five or better
+  long grain brown rice (10 pct maximum broken) for April 10/May
+  25 shipments.
+      But the USDA official said he saw no hold-up in obtaining
+  that approval.
+  
+
diff --git a/reuters/training/1052 b/reuters/training/1052
new file mode 100644
index 0000000000000000000000000000000000000000..efcb84cd77a17fff3e3c1b59ab7612a3d42a8e0c
--- /dev/null
+++ b/reuters/training/1052
@@ -0,0 +1,17 @@
+MCLEAN INDUSTRIES <MII> UNIT TRANSERS SERVICE
+  McLean Industries Inc said its
+  shipping subsidiary, United States Lines Inc, reached an
+  agreement in principle to transfer its South American service
+  to American Transport Lines Inc, a subsidiary of <Crowley
+  Maritime Corp>.
+      Under the terms of the agreement, United States Lines will
+  lease five vessels to American Transport for 15 months with an
+  option to extend the period up to 10 years, the company said.
+      In return, U.S. Lines will receive a fixed payment and a
+  percentage of revenues for at least three years and possibly as
+  long as American Transport utilizes its vessels and conducts
+  trade in South America, the company said.
+      The companies will consummate the transactions as soon as
+  the required approvals are obtained, McLean said.
+  
+
diff --git a/reuters/training/10520 b/reuters/training/10520
new file mode 100644
index 0000000000000000000000000000000000000000..13b8b6af2935439adb8ceb8f5440015bb64b2c32
--- /dev/null
+++ b/reuters/training/10520
@@ -0,0 +1,17 @@
+HUNGARIAN ECONOMY CONTINUES UNFAVOURABLE TREND
+  Hungary's economy and hard currency
+  trade have failed so far this year to reverse a two-year
+  unfavourable trend, the official Hungarian news agency MTI
+  said.
+      Industrial production in January and February was only 1.3
+  pct up on the same 1986 period, MTI said, while hard currency
+  exports fell six pct as imports rose 10 pct.
+      Hungary's hard currency trade fell into a deficit of 539.4
+  mln dlrs last year from a surplus of 295.3 mln in 1985 and 1.2
+  billion in 1984.
+      MTI quoted a government spokesman saying last December's
+  wage freeze decree would expire on April 1 as envisaged.
+      Gross domestic product grew a sluggish one pct in 1986
+  after stagnating in 1985 and growing 2.6 pct in 1984.
+  
+
diff --git a/reuters/training/10521 b/reuters/training/10521
new file mode 100644
index 0000000000000000000000000000000000000000..74d599c00255bb29e7946d2564d0a7686a6b32a5
--- /dev/null
+++ b/reuters/training/10521
@@ -0,0 +1,18 @@
+NOBLE AFFILIATES <NBL> FINDS NATURAL GAS
+  Noble Affiliates Inc said it
+  found natural gas on Ship Shoal 80, located about 10 miles
+  offshore Louisiana in the Gulf of Mexico.
+      The discovery well, Samedan Oil Corp's OCS-G 5537 Well
+  Number One, was drilled in 25 feet of water to a total depth of
+  7,500 feet and found 38 feet of net gas pay in a 48-foot gross
+  sand interval, the company said.
+      The well tested gas at a rate of 6.2 mln cubic feet a day
+  through a 26/64-inch choke with 1,548 pounds flowing tubing
+  pressure. Gas sales should begin in the first quarter of 1988,
+  it said.
+      Samedan, a Noble unit, is operator and owns a 60 pct
+  working interest in the well. Other owners are a New England
+  Electric System <NES> unit, with a 25 pct stake, and
+  Southwestern Energy Production Co, with 15 pct.
+  
+
diff --git a/reuters/training/10524 b/reuters/training/10524
new file mode 100644
index 0000000000000000000000000000000000000000..5a9d539f0647c7a28d17e4158c90ffaeccdd2bb2
--- /dev/null
+++ b/reuters/training/10524
@@ -0,0 +1,6 @@
+SOURCE VENTURE CAPITAL INC YEAR
+  Shr profit nil vs loss nil
+      Net profit 68,895 vs loss 160,893
+      Revs 3.3 mln vs 104,801
+  
+
diff --git a/reuters/training/10527 b/reuters/training/10527
new file mode 100644
index 0000000000000000000000000000000000000000..8f6b16efd9d998f5d228e6be99505bbe149283ae
--- /dev/null
+++ b/reuters/training/10527
@@ -0,0 +1,16 @@
+LSB <LSB> IN PACT TO ACQUIRE NORTHWEST FEDERAL
+  LSB Industries Inc said it
+  entered into an agreement to acquire Northwest Federal Savings
+  and Loan Association of Woodward, Oklahoma.
+      Upon completion of the acquisition, LSB would pay about 1.5
+  mln dlrs to the shareholders of Northwest and transfer to
+  Northwest Federal certain assets having a net current appraised
+  value of not less than 30 mln dlrs.
+      At completion of this transaction, Northwest Federal would
+  be a subsidiary of LSB's non-consolidated wholly-owned
+  financial subsidiary.
+      The acquisition is subject to obtaining approvals, waivers
+  and forbearances from the Federal Home Loan Bank Board and
+  other government approvals.
+  
+
diff --git a/reuters/training/10529 b/reuters/training/10529
new file mode 100644
index 0000000000000000000000000000000000000000..f9403402974babae458371c3988e25dd737ce49d
--- /dev/null
+++ b/reuters/training/10529
@@ -0,0 +1,7 @@
+<BRAMALEA LTD> YEAR NET
+  Shr 73 cts vs 55 cts
+      Net 26.0 mln vs 17.1 mln
+      Revs 673.3 mln vs 394.5 mln
+      Avg shrs 29.3 mln vs 22.4 mln
+  
+
diff --git a/reuters/training/10530 b/reuters/training/10530
new file mode 100644
index 0000000000000000000000000000000000000000..fd086f059666e760edde12d2108570b431ec80c1
--- /dev/null
+++ b/reuters/training/10530
@@ -0,0 +1,22 @@
+REAGAN READY TO IMPOSE TRADE CURBS AGAINST JAPAN
+  President Reagan was ready to impose
+  retaliatory trade action against Japan for breaking its
+  semiconductor agreement with the United States, White House
+  officials said.
+      There was no immediate indication when Reagan might act on
+  the recommendations of his Economic Policy Council to curb
+  Japanese exports to the United States, but officials said the
+  move could come today or early next week.
+      Trade sources said the actions being weighed by Reagan
+  include tariffs on a wide variety of Japanese exports which use
+  semiconductors.
+      The sources said the tariffs could be slapped on personal
+  computers, television receivers and laser-printers, with the
+  aim of penalizing Japan's major electronic firms, including NEC
+  Corp, Hitachi Ltd, Toshiba Corp and Fujitsu Ltd.
+      They said Reaan could also delay invoking sanctions for a
+  week or two, giving Japan a final opportunity to end the
+  dumping practice, but added that negotiators had already held
+  extensive talks with the Japanese to no avail.
+  
+
diff --git a/reuters/training/10531 b/reuters/training/10531
new file mode 100644
index 0000000000000000000000000000000000000000..74e8b443bc27874e36b7e4d2a88f1e4da5c4d049
--- /dev/null
+++ b/reuters/training/10531
@@ -0,0 +1,36 @@
+SOUTH AFRICA GDP UP 4.7 PCT IN 1986 LAST QUARTER
+  The South African Reserve Bank,
+  confirming previous estimates, said real gross domestic product
+  in the 1986 fourth quarter grew at a seasonally adjusted annual
+  rate of 4.7 pct versus 4.6 pct in the third quarter and 1.3 pct
+  in the 1985 final quarter.
+      The bank, in its latest quarterly review, said the nominal
+  growth rate for the year did not quite reach one pct after a
+  1.5 pct contraction in 1985.
+      But it said when the strengthening of the terms of trade is
+  taken into account, the real GNP in 1986 advanced by 1.5 pct
+  compared with a decrease of 0.5 pct in 1985.
+      GDP is the total value of goods and services produced by an
+  economy but omits income from abroad.  GNP includes such
+  payments or outflows.
+      The bank also said there were indications the country's
+  economic recovery was becoming more broadly based.
+      With the exception of commerce all major sectors of the
+  economy contributed to the fourth quarter rise in domestic
+  production.
+      The bank said major increases in foreign reserves were
+  recorded in January, February and the first half of March 1987.
+  Reserves rose by 1.70 billion rand during January and February.
+      Total reserves in 1986 declined by 189 mln rand to 5.70
+  billion rand and were equivalent to about 14.5 pct of the total
+  annual value of import payments.
+      The current account surplus amounted to 7.20 billion rand
+  in 1986 versus 5.90 mln the previous year.
+      The bank said continuing strength of the current account
+  has allowed foreign reserves to be "rebuilt to more comfortable
+  levels."
+      "This has strengthened the authorities' hands in lending
+  support to the exchange rate of the rand if such action were to
+  be called for," the bank said.
+  
+
diff --git a/reuters/training/10532 b/reuters/training/10532
new file mode 100644
index 0000000000000000000000000000000000000000..4a3045b50667fd88c3ac8a612a31ab53c195b09c
--- /dev/null
+++ b/reuters/training/10532
@@ -0,0 +1,12 @@
+SOUTHWESTERN PUBLIC SERVICE CO<SPS> 2ND QTR NET
+  Shr 42 cts vs 42 cts
+      Net 19.1 mln vs 19.5 mln
+      Revs 184.9 mln vs 185.1 mln
+      12 mths
+      Shr 2.17 dlrs vs 2.53 dlrs
+      Net 97.0 mln vs 111.8 mln
+      Revs 793.3 mln vs 828.8 mln
+      Avg shrs 40.9 mln vs 40.5 mln
+      NOTE: Year-ago restated.
+  
+
diff --git a/reuters/training/10534 b/reuters/training/10534
new file mode 100644
index 0000000000000000000000000000000000000000..482a7ad5219a921a098db66ba5093f9bbe9bca91
--- /dev/null
+++ b/reuters/training/10534
@@ -0,0 +1,12 @@
+<L.B. NELSON CORP> 4TH QTR NET
+  Shr loss two cts vs loss 1.38 dlrs
+      Net profit 34,000 vs loss 3,296,000
+      Revs 3,121,000 vs 1,546,000
+      Year
+      Shr profit 28 cts vs loss 1.61 dlrs
+      Net profit 1,088,000 vs loss 3,546,000
+      Revs 5,266,000 vs 4,169,000
+      Note: Current qtr per share figure adjusted to reflect
+  provision for preferred stock dividends.
+  
+
diff --git a/reuters/training/10536 b/reuters/training/10536
new file mode 100644
index 0000000000000000000000000000000000000000..96428a2155dec4212ed0b847b3c2ecdfffc38423
--- /dev/null
+++ b/reuters/training/10536
@@ -0,0 +1,5 @@
+SOUTHWESTERN BELL VOTES THREE-FOR-ONE STOCK SPLIT, 8.8 PCT DIVIDEND INCREASE
+
+  SOUTHWESTERN BELL VOTES THREE-FOR-ONE STOCK SPLIT, 8.8 PCT DIVIDEND INCREASE
+  
+
diff --git a/reuters/training/10537 b/reuters/training/10537
new file mode 100644
index 0000000000000000000000000000000000000000..33218135d348d71e159c7875dbebe7d580d5fe9d
--- /dev/null
+++ b/reuters/training/10537
@@ -0,0 +1,67 @@
+ANALYSTS PEG U.S. COTTON SEEDINGS 10.6 MLN ACRES
+  U.S. cotton farmers are likely to
+  plant about 10.6 mln acres in the coming season, based on an
+  average of estimates offered by cotton market analysts gearing
+  up for the U.S. Agriculture Department's 1987 planting
+  intentions report next Tuesday.
+      The annual report gives cotton traders their first glimpse
+  of what U.S. production might be in the 1987/88 season, which
+  begins August 1.
+      Trade and commission house forecasts ranged from 10.2 to
+  10.9 mln acres.
+      On March 18 of last year, the USDA reported that cotton
+  farmers in 1986 intended to plant 9.71 mln acres.
+      Four months later, the USDA estimated that 9.67 mln acres
+  had been planted as of June 1. By January, its estimate of 1986
+  planted acreage nationwide was 10.06 mln.
+      Analysts said their forecasts for even greater acreage in
+  1987 were spurred in part by belief that this year's good
+  demand and firm prices will be repeated next year. Analysts
+  said those factors make cotton a profitable crop.
+      "With cotton more attractive price-wise, I think there is
+  going to be a switch in acreage from soybeans to cotton.
+  Soybeans are dirt cheap," said Lisbeth Keefe of Cargill
+  Investor Services, whose comments were echoed by other cotton
+  market specialists.
+      Changes in the U.S. cotton program also could lead to
+  increased acreage, analysts said.
+      They recalled that under the 1986 program, cotton farmers
+  who used part of their crop as collateral for government loans
+  were not responsible for the cost of storing that cotton in
+  government warehouses. But under the 1987 plan, the government
+  will not pick up the tab for storage.
+      Analysts said the change will discourage some farmers from
+  participating in the program, which could result in more
+  cotton. "The cotton program stipulates a mandatory set-aside of
+  25 pct of a farmer's base acreage," noted Judy Weissman of
+  Shearson Lehman Brothers. But farmers who elect not to
+  participate in the program are free to plant all the acreage 
+  they have.
+      Some analysts said cotton farmers in the high-yielding
+  Western states would be most likely to steer clear of the
+  program. "Western acreage should be up at least 20 pct," said
+  one commission house analyst, whose estimate was based in part
+  on forecasts made by the National Cotton Council during its
+  annual meeting in late January.
+      But others disagreed. "I think some Western growers have
+  decided they should be in the program for security reasons.
+  There's a lot of comfort in knowing you'll be guaranteed the
+  government's loan price of 52.25 cents a lb. Anyone outside the
+  program is subject to the wiles of the market," said Walter
+  Brown, market analyst for a major California cotton producer.
+      Some cotton specialists said their expectations for
+  increased acreage might not be verified in Tuesday's planting
+  intentions report. "Anything the USDA is announcing now is
+  based on information they gathered before their cotton program
+  was announced (on March 20)," one analyst cautioned. She said
+  traders will get a better idea of next year's cotton output
+  when the USDA's planted acreage report is released on July 9.
+      Brown took that opinion a step further. "I don't think
+  planted acreage is important. What counts is the abandonment
+  rate," the difference between acreage planted and acreage
+  harvested.
+      Brown said the abandonment rate this year was "pretty high"
+  at 15.5 pct because of weather problems in key producing
+  states. "More normal would be about six pct," he said.
+  
+
diff --git a/reuters/training/10538 b/reuters/training/10538
new file mode 100644
index 0000000000000000000000000000000000000000..6e7ec217ea4a321117e1cdef497c6ce2f23d6638
--- /dev/null
+++ b/reuters/training/10538
@@ -0,0 +1,12 @@
+IMATRON INC <IMAT> 4TH QTR LOSS
+  Shr loss 16 cts vs loss seven cts
+      Net loss 3,450,000 vs loss 1,508,000
+      Sales 56,000 vs 1,187,000
+      Avg shrs 22,568,000 vs 20,591,000
+      Year
+      Shr loss 38 cts vs loss 29 cts
+      Net loss 7,977,000 vs loss 6,005,000
+      Sales 3,699,000 vs 2,391,000
+      Avg shrs 21,111,000 vs 20,578,000
+  
+
diff --git a/reuters/training/10539 b/reuters/training/10539
new file mode 100644
index 0000000000000000000000000000000000000000..4715641212c9521a910bc7f923fc7bc1de705c2f
--- /dev/null
+++ b/reuters/training/10539
@@ -0,0 +1,24 @@
+NATO CALLS ON GREECE AND TURKEY TO AVOID FORCE
+  Greece and Turkey's NATO allies today
+  called on both countries to avoid any action that could
+  aggravate an explosive situation in the Aegean and "avoid
+  recourse to force at all costs."
+      After an emergency meeting of NATO ambassadors, a statement
+  was issued saying "the present situation damages the interests
+  of Greece and Turkey, and of the Alliance as a whole."
+      Secretary-General Lord Carrington also offered himself as a
+  mediator in the dispute on the Western Alliance's southern
+  flank.
+      The meeting was called after reports that warships of both
+  countries were sailing towards a disputed oil exploration zone
+  of the Aegean.
+      The statement said the tensions in the area had reached a
+  serious level and called on both countries to begin immediate
+  discussions. "Any intensification would make things worse," it
+  added.
+      No attempt was made at the meeting to resolve the complex
+  dispute which was aimed at damage-limitation. Carrington said,
+  "I am of course anxious to help in any way I can, provided that
+  both Greece and Turkey, and the other allies, wish me to do so."
+  
+
diff --git a/reuters/training/10541 b/reuters/training/10541
new file mode 100644
index 0000000000000000000000000000000000000000..e8627131158b9b580a2b93cda015f20e01bcfba3
--- /dev/null
+++ b/reuters/training/10541
@@ -0,0 +1,11 @@
+PLAZA GROUP COMPLETES MERGER TRANSACTION
+  <Plaza Group> said it completed a
+  transaction in which it merged its wholly owned subsidiary,
+  Flyfaire International Inc, into Shefra Inc, a public company,
+  in return for a controlling interest in Shefra.
+      With completion of the merger, Shefra changed its name to
+  Flyfaire International Inc.
+      Flyfaire, with annual sales of 100 mln dlrs, is engaged in
+  the wholesale vacation travel business.
+  
+
diff --git a/reuters/training/10542 b/reuters/training/10542
new file mode 100644
index 0000000000000000000000000000000000000000..00fef774d38d3544ca5e0518e7fb70698f8c15d6
--- /dev/null
+++ b/reuters/training/10542
@@ -0,0 +1,6 @@
+CONAGRA INC <CAG> REGULAR DIVIDEND SET
+  Qtly div 14-1/2 cts vs 14-1/2 cts prior
+      Pay June One
+      Record April 24
+  
+
diff --git a/reuters/training/10544 b/reuters/training/10544
new file mode 100644
index 0000000000000000000000000000000000000000..6b60aac9790463775e0be8abcd4c4b468d72c6a8
--- /dev/null
+++ b/reuters/training/10544
@@ -0,0 +1,21 @@
+LLC <LLC>, AMALGAMATED REPORT SIX MONTHS NET
+  Valhi Inc reported earnings of LLC Corp
+  and the Amalgamated Sugar Co for the six month period ended
+  December 31.
+      Effective March 10, Amalgamated merged into LLC, which
+  changed its name to Valhi. The following results reflect the
+  operations of the companies prior to the merger.
+      LLC Corp reported net income of 18.4 mln dlrs or 60 cts a
+  share on revenues of 55.6 mln dlrs compared to 23.2 mln dlrs or
+  75 cts a share on revenues of 79.3 mln dlrs a year ago.
+     This year's net includes an extraordinary loss of 201,000
+  dlrs and a gain of 4.7 mln dlrs. 1985's net included an
+  extraordinary gain of 6.3 mln dlrs, Valhi said.
+      Amalgamated reported net income of 10.65 dlrs per share or
+  69.7 mln dlrs on revenues of 371.3 mln dlrs compared to a net
+  loss of 700,000 dlrs or 10 cts a share on revenues of 254.7 mln
+  dlrs last year.
+      Valhi said effective December 31, it changed its fiscal
+  year-end from June 30 to December 31.
+  
+
diff --git a/reuters/training/10545 b/reuters/training/10545
new file mode 100644
index 0000000000000000000000000000000000000000..e28825cc3d4fd8770bf61c4170795700940cbda0
--- /dev/null
+++ b/reuters/training/10545
@@ -0,0 +1,22 @@
+GROS DENIES COURT ACTION AGAINST BRAZIL
+  Central Bank president Francisco Gros
+  denied rumours that foreign creditors had filed court actions
+  against Brazil to seek payment of its 109-billion dlr debt.
+      "There is no court action against Brazil," Gros said in a
+  television interview.
+      Brazil last month suspended interest payments on its 68
+  billion dlr debt to commercial banks and yesterday suggested an
+  extension of short-term credit lines for 60 days until May 31.
+      Media reports said some banks rated as small among Brazil's
+  700 creditors had filed lawsuits against the decision to
+  suspend interest payments.
+      Gros said negotiations with the commercial creditors would
+  start within two weeks, when he and Finance Minister Dilson
+  Funaro attend council meetings of the International Monetary
+  Fund (IMF) in Washington.
+      "Brazil is facing the issue very carefully. We are seeking a
+  negotiation that will give the country space to grow, because
+  only with growth will we be able to meet our commitments," Gros
+  said.
+  
+
diff --git a/reuters/training/10546 b/reuters/training/10546
new file mode 100644
index 0000000000000000000000000000000000000000..f3d31fe089227ed1f958e978457369c9a05cd6b8
--- /dev/null
+++ b/reuters/training/10546
@@ -0,0 +1,51 @@
+TALKING POINT/GOLD
+  The price of gold bullion and share
+  prices of North American gold stocks are benefiting from
+  continued weakness in the U.S. dollar, analysts said.
+      "There's been a tug of war between the (currency)
+  speculators and the central banks over the U.S. dollar and it
+  looks like the game has gone to the speculators," said John Ing
+  at Maison Placements Canada Inc.
+      The dollar remained close to post-World War II lows today
+  against the Japanese yen despite buying by several central
+  banks, including the Federal Reserve, dealers said.
+      A drop in the dollar means uncertainty and gold is the
+  traditional hedge against uncertainty, Ing noted.
+      Another analyst, Richard Cohen at Brown Baldwin Nisker Ltd,
+  noted that "a lot of foreign investors are holding U.S. dollars.
+  If they see they are losing money, they move back into gold."
+      A dollar decline also has inflationary implications, Ing
+  said, adding that Maison Placements sees inflation rising to a
+  four pct annual rate from the current level of about three pct.
+      Ing predicts gold will peak at 510 dlrs this year from its
+  current level of about 416 dlrs per ounce. Cohen sees an
+  average price of 425 dlrs, and another analyst, Michael
+  Pickens, at Yorkton Securities, puts the average at 450 dlrs,
+  with a possible spike above 500 dlrs.
+      However, gold stocks in the U.S. and Canada have risen far
+  faster in recent months than the price of the metal itself,
+  causing concern among analysts that a correction lies somewhere
+  in the future. But for now, all analysts say there is no sign
+  the buying pressure is slowing down. "The stocks have run an
+  incredible way," Cohen said.
+      On U.S. markets today, ASA Ltd <ASA> rose 4-1/8 to 61-1/2,
+  Campbell Red Lake Mines <CRK> was up 1-3/8 and Newmont Gold
+  <NGC> increased 1-1/2 to 31-1/4.
+      The Toronto Stock Exchange gold index today was up 268
+  points at 8067.90. Hemlo Gold gained 1-1/4 at 26-3/4, LAC
+  Minerals was up 1-5/8 at 41, Placer Development rose 1-1/4 at
+  43-3/8 and Lacana Mining gained 1 at 18.
+      Ing pointed out that the TSE gold index has gained 51 pct
+  since December 31, 1986, while the price of bullion has
+  increased six pct. "Canadian golds have been the top performing
+  index this year," he noted.
+      In the U.S., there is "too much money chasing too few
+  stocks," Pickens said. And many investing institutions such as
+  pension funds and insurance companies still have excess cash,
+  he added.
+      Cohen also noted that today's silver price break through
+  six dlrs an ounce indicates small investors are entering the
+  precious metals market and he expects the ratio between gold
+  and silver prices to narrow.
+  
+
diff --git a/reuters/training/10547 b/reuters/training/10547
new file mode 100644
index 0000000000000000000000000000000000000000..dea1bff0c075caac240835ad585c14942aba332e
--- /dev/null
+++ b/reuters/training/10547
@@ -0,0 +1,11 @@
+SOUTHWESTERN BELL<SBC> VOTES SPLIT, UPS PAYOUT
+  Southwestern Bell Corp said its board
+  voted a three-for-one stock split and increased the dividend
+  8.8 pct to 1.60 dlrs a share.
+      On a post-split basis, the increased dividend will be 58
+  cts a share, payable May One to holders of record April 10.
+      Southwestern Bell said the stock split is
+  its first. It said shares will be mailed May 22, record May
+  Four.
+  
+
diff --git a/reuters/training/10548 b/reuters/training/10548
new file mode 100644
index 0000000000000000000000000000000000000000..9e524fe78cb9ab475845d89939f71b5dac8c33be
--- /dev/null
+++ b/reuters/training/10548
@@ -0,0 +1,34 @@
+HONEYWELL BULL SEES REVENUE GROWTH
+  Honeywell Bull Inc, owned by Honeywell
+  Inc <HON>, <Cie des Machines Bull> and <NEC Corp>, said it
+  expects its 1987 revenues to increase 15 to 20 pct over its
+  current level of about 1.9 billion dlrs.
+      Honeywell Bull president Jerome Meyer also told the press
+  conference the company was profitable, adding the company aimed
+  to improve profits over time.
+      Honeywell Inc earlier today received 527 mln dlrs in cash
+  for the sale of 57.5 pct of its computer business to Bull and
+  NEC. Honeywell will retain a 42.5 pct interest in Honeywell
+  Bull and Bull will own an equal amount.
+      NEC owns 15 pct of the company.
+      Meyer, who had been executive vice president of Honeywell
+  Information Systems, said Honeywell Bull would work closely
+  with NEC and Bull in both developing new products and marketing
+  computers to multi-national companies.
+      "We haven't been growing as fast as we'd like, but we are
+  going to turn that around," Meyer said. He said business was 
+  soft in the U.S.
+      He said the company was reorganizing its distribution
+  programs and its staff, reassigning and laying off selected
+  employees. He also said the company was hiring new workers.
+      Honeywell Bull chairman Jacques Stern, who is also chairman
+  of Bull, said he believed the computer industry could be a fast
+  growing market for companies that provide the type of computers
+  customers want. "I don't believe in the slump of the market,"
+  he said.
+      The computer company would offer open systems so that
+  customers would not be tied to a specific vendor or
+  architecture, and it will also focus on tying computers
+  together through communications networks.
+  
+
diff --git a/reuters/training/10551 b/reuters/training/10551
new file mode 100644
index 0000000000000000000000000000000000000000..706e6c2230fd042f467478f0f4717dae4b9b7c35
--- /dev/null
+++ b/reuters/training/10551
@@ -0,0 +1,14 @@
+HANSON <HAN> TO SELL BOND'S DELIVERY SERVICE
+  Hanson Industries, the U.S. arm of
+  Hanson Trust PLC, said contracts have been exchanged in London
+  for the sale of Bond's Delivery Service to Rockwood Holdings
+  PLC for about 6.0 mln dlrs in cash.
+      Completion is subject to Rockwood shareholder approval.
+      In its most recent financial year, Bond's which was
+  purchased
+  by Hanson Trust Plc in its acquisition of Imperial Group PLC in
+  April 1986, made 960,000 dlrs pre-tax profit on sales of 13.6
+  mln dlrs.
+      Net tangible assets are 5.2 mln dlrs, Hanson said.
+  
+
diff --git a/reuters/training/10553 b/reuters/training/10553
new file mode 100644
index 0000000000000000000000000000000000000000..3238d4a4261e00acb984670f6ab79d8c6bdb82f1
--- /dev/null
+++ b/reuters/training/10553
@@ -0,0 +1,35 @@
+U.S. PRICE DATA SUGGEST MODERATE INFLATION
+  Latest consumer price data indicate
+  U.S. inflation will be moderate in 1987 even though it will be
+  above last year's pace, economists said.
+      "Inflation is not such a constructive factor as this time
+  last year, but it's not building up a large head of steam,"
+  said Allan Leslie of Discount Corp.
+      U.S. consumer prices, as measured by the consumer price
+  index for all urban consumers, rose a seasonally adjusted 0.4
+  pct in February after a 0.7 pct January gain. Energy prices,
+  which fired January's data with a three pct rise, advanced a
+  more moderate 1.9 pct last month.
+      The CPI came within the range of economists' expectations
+  and had little direct impact on U.S. financial markets.
+      Among the key components of the report, transportation
+  prices rose 0.5 pct in February after a 1.5 pct January gain
+  reflecting smaller price appreciation for motor fuels and
+  declines in new car prices and finance charges.
+      "There are no pronounced pressures at the retail level,"
+  said William Sullivan of Dean Witter Reynolds Inc.
+      Economists said the latest CPI supports existing
+  expectations for an inflation rate of 3.5 to four pct in 1987.
+      The CPI rose 1.1 pct from December 1985 to December 1986.
+  Without last year's energy price drop, it rose 3.8 pct.
+      Economists said that upward pressure on import prices as a
+  result of the dollar's drop as well as the volatile energy
+  component warrant attention in case gains in these areas become
+  factored into the wider economic picture.
+      "As long as those price rises do not become entrenched in
+  cost of living adjustments contained in labor contracts, thus
+  reducing international competitiveness, then the Federal
+  Reserve would probably be willing to tolerate four pct
+  inflation," said Larry Leuzzi of S.G. Warburg and Co Inc.
+  
+
diff --git a/reuters/training/10555 b/reuters/training/10555
new file mode 100644
index 0000000000000000000000000000000000000000..0e5e48a43678a1ad13526533aa1afbd543efe141
--- /dev/null
+++ b/reuters/training/10555
@@ -0,0 +1,24 @@
+WESTINGHOUSE INTERESTED IN MERGER OF RADIO UNIT
+  Westinghouse Electric Corp <WX> said
+  it is still open to a merger of its radio operations with
+  General Electrics Co's <GE> NBC radio operations.
+      "We have left the door open and GE is reassessing the
+  merger and so are we," Westinghouse chairman Douglas Danforth
+  told Reuters at the conclusion of a meeting before analysts.
+      Danforth said he continues to see value in a merger between
+  Westinghouse's radio operation and those of NBC. 
+      Discussions with NBC on the merger of the two companies'
+  radio units were suspended in December.
+      Danforth reaffirmed that Westinghouse is interested in
+  acquisitions, saying the company is leaning toward acquisitions
+  in the 300 mln to 500 mln dlr range. He said, however, that
+  larger acquisitions are possible if they are the right fit.
+      Danforth, who earlier today said he expects earnings growth
+  in the double-digit range through 1989, said he is comfortable
+  with analysts' predictions of 4.80 dlrs to 5.30 dlrs a share
+  this year. In 1986 the company earned 4.42 dlrs a share.
+      He said the company has targeted waste energy systems and
+  hazardous waste removal, as some of the emerging growth areas
+  for the company.
+  
+
diff --git a/reuters/training/10556 b/reuters/training/10556
new file mode 100644
index 0000000000000000000000000000000000000000..304917b4c4ea4421748724f827985a87682a71fa
--- /dev/null
+++ b/reuters/training/10556
@@ -0,0 +1,13 @@
+COMPUTER NETWORK TECHNOLOGY <CMNT> 4TH QTR LOSS
+  Shr loss eight cts vs loss eight cts
+      Net loss 655,457 vs loss 566,429
+      Rev 258,712 vs nil
+      Year
+      Shr loss 31 cts vs loss 26 cts
+      Net loss 2,725,882 vs loss 1,759,675
+      Rev 349,070 vs nil
+      NOTE: Company's full name is Computer Network Technology
+  Corp. 1985 revenues n.a. because 1986 was initial year of
+  product revenue.
+  
+
diff --git a/reuters/training/10559 b/reuters/training/10559
new file mode 100644
index 0000000000000000000000000000000000000000..913f3b3fda295aa1f48a0f5b3cbd1341a78331b8
--- /dev/null
+++ b/reuters/training/10559
@@ -0,0 +1,15 @@
+BIFFEX LOOKING TO JOIN NEW FUTURES EXCHANGE
+  The Baltic International Freight Futures
+  Exchange (BIFFEX) said it agreed to pursue negotiations with
+  other futures markets on the Baltic Exchange with a view to
+  merging into a new futures exchange.
+      Legal advisers have already been instructed to implement
+  amalgamation of the London Potato Futures Association, the Soya
+  Bean Meal Futures Exchange and the London Meat Futures
+  Exchange.
+      The London Grain Futures Market has also discussed merging
+  with the other markets.
+      The aim of the merger is to seek Recognised Investment
+  Exchange status as required by the 1986 Financial Services Act.
+  
+
diff --git a/reuters/training/10561 b/reuters/training/10561
new file mode 100644
index 0000000000000000000000000000000000000000..e17273ebfe2ee5f47369762b76c9f22a54d5f400
--- /dev/null
+++ b/reuters/training/10561
@@ -0,0 +1,10 @@
+<CANADIAN SATELLITE COMMUNICATIONS> SIX MTHS NET
+  Period ended February 28
+      Oper shr profit six cts vs loss 15 cts
+      Oper profit 474,000 vs loss 1,175,000
+      Revs 17,946,000 vs 9,271,000
+      Note: Current shr and net exclude tax gain of 513,000  dlrs
+  or five cts share
+      full name <Canadian Satellite Communications Inc>
+  
+
diff --git a/reuters/training/10563 b/reuters/training/10563
new file mode 100644
index 0000000000000000000000000000000000000000..d4172d55a421c23e08b2d078c811cf52b4f85f1a
--- /dev/null
+++ b/reuters/training/10563
@@ -0,0 +1,23 @@
+FRENCH MINISTERIAL MEETING HELD ON CGCT SALE
+  Finance Minister Edouard Balladur,
+  Industry Minister Alain Madelin and Telecommunications Minister
+  Gerard Longuet met for more than an hour today to discuss the
+  imminent sale of the French telephone switching group <Cie
+  Generale de Constructions Telephoniques>, a spokesman for
+  Longuet said.
+      No decision was announced as a result of the meeting, and
+  the French government has given itself until the end of next
+  month to choose between the candidates.
+      The sale of CGCT, which controls 16 pct of France's
+  telephone market, has been priced at 500 mln francs, and three
+  international consortia are battling for the right to buy it.
+      West Germany's Siemens AG <SIEG.F> has teamed up with the
+  French group Jeumont-Schneider, in opposition to a bid from the
+  U.S. Group ATT <T.N> and the Dutch Philips Telecommunications
+  BV <PGLO.AS> in association with the French telecommunications
+  firm SAT <Societe Anonyme de Telecommunications>.
+      A third bid has been lodged by Sweden's AB LM Ericsson
+  <ERIC.ST>, allied with French defence electronics group Matra
+  <MATR.PA> and Bouygues SA <BOUY.PA>.
+  
+
diff --git a/reuters/training/10564 b/reuters/training/10564
new file mode 100644
index 0000000000000000000000000000000000000000..e2296bb267c321a50923542357e22a0ba9b76c80
--- /dev/null
+++ b/reuters/training/10564
@@ -0,0 +1,10 @@
+DEAN FOODS CO <DF> 3RD QTR NET
+  Shr 35 cts vs 40 cts
+      Net 9,246,000 vs 10,719,000
+      Sales 367.9 mln vs 315.1 mln
+      Nine mths
+      Shr 1.03 dlrs vs 1.13 dlrs
+      Net 27,490,000 vs 30,160,000
+      Sales 1.06 billion vs 915.3 mln
+  
+
diff --git a/reuters/training/10565 b/reuters/training/10565
new file mode 100644
index 0000000000000000000000000000000000000000..5be08efbb1e107d3e4bac400fffd8ad650734526
--- /dev/null
+++ b/reuters/training/10565
@@ -0,0 +1,6 @@
+DEAN FOODS CO <DF> RAISES DIVIDEND
+  Qtly div 13-1/2 cts vs 11-1/2 cts prior
+      Pay June 15
+      Record May 22
+  
+
diff --git a/reuters/training/10566 b/reuters/training/10566
new file mode 100644
index 0000000000000000000000000000000000000000..c33976363546c9d2b82b4fb65dc85f24cb7bb278
--- /dev/null
+++ b/reuters/training/10566
@@ -0,0 +1,8 @@
+DOSKOCIL <DOSK> SHAREHOLDERS VOTE REVERSE SPLIT
+  Doskocil Cos Inc said its
+  shareholders approved a one-for-10 reverse stock split, which
+  is expected to become effective by April 30.
+      The company said the reverse split will reduce the its
+  outstanding shares to about six mln from 60 mln.
+  
+
diff --git a/reuters/training/10567 b/reuters/training/10567
new file mode 100644
index 0000000000000000000000000000000000000000..843d55d516f61096eb7f0cebb8e01081a6561ac9
--- /dev/null
+++ b/reuters/training/10567
@@ -0,0 +1,23 @@
+U.S. ENERGY COSTS ROSE IN FEBRUARY BY 1.9 PCT
+  Consumer energy costs rose 1.9 pct
+  in February following a sharp rise last month, the Labor
+  Department said.
+      The February increase in the overall energy costs,
+  including petroleum, coal and natural gas, followed a 0.2 pct
+  drop in December and a 3.0 pct rise in January, it said.
+      Energy prices were 12.2 pct below year-ago levels.
+      The department's Consumer Price Index showed that the cost
+  of gasoline rose in February by 4.2 pct, after a 6.6 pct rise
+  in January.
+      Gasoline prices were nonetheless 18.0 pct below their
+  levels as of February 1986.
+      Also, the category including fuel oil, coal and bottled gas
+  rose in February by 3.8 pct, putting it 14.9 pct under the
+  year-ago figure.
+      The index also showed that natural gas and electricity were
+  unchanged last month, but down 3.5 pct from the February 1986
+  figure, the department said.
+      The index has been updated  o reflect 1982-84 consumption
+  patterns; previously, the index was based on 1972-73 patterns.
+  
+
diff --git a/reuters/training/10569 b/reuters/training/10569
new file mode 100644
index 0000000000000000000000000000000000000000..3d78d2b113957634d891802d9c94dbdafac9e8f2
--- /dev/null
+++ b/reuters/training/10569
@@ -0,0 +1,30 @@
+COLD AIR A THREAT TO SOME U.S. HARD WHEAT AREAS
+  A cold air mass working its way
+  south from Canada may pose a threat to developing hard red
+  winter wheat in Oklahoma, according to Eugene Krenzler, wheat
+  specialist for the Oklahoma Cooperative Extension.
+      "There is some threat. Some of the crop is far enough along
+  so that it's probably vulnerable," Krenzler said.
+      Accu Weather meteorologist Dale Mohler said cold air moving
+  from the north could put temperatures in the middle 20's
+  fahrenheit as early as tonight, depending on development of a
+  low pressure area over southeast Colorado which could stall the
+  system.
+      If impeded by the low-pressure area, the cold air could hit
+  Oklahoma and Texas as late as Monday morning. Temperatures
+  could stay in the mid-20's for up to eight hours, Mohler said.
+      Krenzler said less than 10 pct of the Oklahoma wheat crop
+  has advanced to boot stage. The closer to that stage the more
+  vulnerable the head of the wheat is to cold weather, he said.
+      "We can handle probably an hour or so down to 25 or 26
+  degrees (fahrenheit)," Krenzler said, "as long as we don't have
+  a lot of wind."
+      "If we do get six hours down below 25 degrees I'd say we
+  have a good chance of significant damage to the heads," he
+  said.
+      Krenzler said early planted stands in the north-central and
+  southwestern parts of the state are probably most vulnerable.
+  Crops in the panhandle of Oklahoma and Texas are less developed
+  and have some snow cover protection from the cold, he noted.
+  
+
diff --git a/reuters/training/1057 b/reuters/training/1057
new file mode 100644
index 0000000000000000000000000000000000000000..dbdc95965ef01f89293fa916a066977cfd27f8ea
--- /dev/null
+++ b/reuters/training/1057
@@ -0,0 +1,9 @@
+SMALL QUANTITY OF UK WHEAT SOLD TO HOME MARKET
+  A total of 2,435 tonnes of British
+  intervention feed wheat were sold at today's tender for the
+  home market out of requests for 3,435 tonnes, the Home Grown
+  Cereals Authority, HGCA, said.
+      Price details were not reported.
+      No bids were submitted for intervention barley.
+  
+
diff --git a/reuters/training/10573 b/reuters/training/10573
new file mode 100644
index 0000000000000000000000000000000000000000..2d1c7b8559bafc6dc2b64b155299a4ddce1e86df
--- /dev/null
+++ b/reuters/training/10573
@@ -0,0 +1,9 @@
+EDUCATION SYSTEMS <ESPC> YEAR NET
+  Shr 27 cts vs 34 cts
+      Net 174,390 vs 222,720
+      Revs 4,948,622 vs 4,516,042
+      Note: Current net includes non-recurring loss on
+  investments of 82,034.
+      Full name is Education Systems and Publications Corp.
+  
+
diff --git a/reuters/training/10576 b/reuters/training/10576
new file mode 100644
index 0000000000000000000000000000000000000000..39a55680dea15422e7841cc967eb5f94beea8972
--- /dev/null
+++ b/reuters/training/10576
@@ -0,0 +1,5 @@
+BORG-WARNER UP AMID RUMORS IRWIN JACOBS SOLD STOCK, ARBITRAGEURS SAY
+
+  BORG-WARNER UP AMID RUMORS IRWIN JACOBS SOLD STOCK, ARBITRAGEURS SAY
+  
+
diff --git a/reuters/training/1058 b/reuters/training/1058
new file mode 100644
index 0000000000000000000000000000000000000000..591bd7f85842ca6c6c707bd4caac4c74c62bfab8
--- /dev/null
+++ b/reuters/training/1058
@@ -0,0 +1,5 @@
+CANADA DECEMBER GDP UP 1.2 PCT AFTER NOVEMBER'S 0.2 PCT FALL - OFFICIAL
+
+  CANADA DECEMBER GDP UP 1.2 PCT AFTER NOVEMBER'S 0.2 PCT FALL - OFFICIAL
+  
+
diff --git a/reuters/training/10581 b/reuters/training/10581
new file mode 100644
index 0000000000000000000000000000000000000000..3c7e20086e695c3b78198b8b0f2bfbef05013680
--- /dev/null
+++ b/reuters/training/10581
@@ -0,0 +1,13 @@
+HENLEY GROUP <HENG> UNIT WINS TAIWAN CONTRACT
+  Henley Group Inc's M.W. Kellogg Co unit
+  said it was selected by <Chinese Petroleum Corp> to design,
+  engineer and build a ethylene plant at Chinese
+  Petroleum's Kaohsiung refinery in Taiwan.
+      Terms of the contract were not disclosed, but Kellogg said
+  the total cost of the plant will be 300 mln dlrs.
+      Kellogg said engineering of the plant, which will have a
+  capacity of 400,000 tonnes a year, is already underway and
+  construction will begin in 1988.
+      The plant will go into operation in 1990, Kellogg said.
+  
+
diff --git a/reuters/training/10582 b/reuters/training/10582
new file mode 100644
index 0000000000000000000000000000000000000000..bb5ba2018f7fd4f59dbb2af0a8b0c0834466dd90
--- /dev/null
+++ b/reuters/training/10582
@@ -0,0 +1,49 @@
+MCLEAN'S <MII> U.S. LINES SETS SALE OF ASSETS
+  McLean Industries Inc said its
+  two shipping subsidiaries -- UNITED States Lines Inc and United
+  States Lines (S.A.) Inc -- have agreed in principle to dispose
+  of substantially all their remaining operating shipping assets.
+      The units have been operating under protection of Chapter
+  11 of the U.S. Bankruptcy Code since last November.
+      McLean said U.S. Lines has a letter of intent with CSX
+  Corp's <CSX> Sea-Land Corp subsidiary to transfer assets of its
+  Transpacific/Hawaii/Guam Service to Sea-Land.
+      McLean said Sea-Land has tentatively agreed to pay 125 mln
+  dlrs for six vessels, certain port facilities, and various
+  other equipment used in U.S. Lines' Transpacific service and
+  theree Lancer class vessels and subsidy rights owned by the two
+  McLean subsidiaries.
+      As previously announced, U.S. Lines (S.A.) will transfer
+  its South American Service to <Crowley Maritime Corp>'s
+  American Transport Lines Inc subsidiary in return for a fixed
+  lease payment for the four Lancer class vessels and a
+  participation based on American Transport's South American
+  revenues.
+      McLean said the agreement also calls for Crowley to release
+  U.S. Lines (S.A.) for any damages and unpaid charter hire for
+  three vessels leased to U.S. Lines (S.A.) by Crowley which have
+  been returned to Crowley.
+      McLean said the minimum lease payments will be seven mln
+  dlrs and estimated revenue participation during the first four
+  years at about 16 mln dlrs. In addition, U.S. Lines (S.A.)
+  subsidiaries in Brazil and Argentina will be sold to American
+  Transport.
+      The company said both agreements in principle have been
+  approved by directors of the companies involved, but still need
+  court, regulatory and lender approval.
+      McLean said it is requesting the bankruptcy court to
+  schedule a hearing on its motion to approve the agreements,
+  adding that the court has granted the company's request to
+  extend for 90 days the period for the shipping companies to
+  file a proposed plan of reorganization.
+      It said the planned transactions will leave McLean with no
+  significant shipping assets except 12 New York class vessels,
+  which are not in operation and are expected to be sold.
+      McLean said its shipping units are returning the vessels
+  operating in foreign commerce to United States ports to permit
+  the planned transfer to purchasers.
+      The company said U.S. Lines will maintain its weekly
+  service from the U.S. West Coast to Hawaii and Guam until the
+  vessels are transferred and the transaction is completed.
+  
+
diff --git a/reuters/training/10584 b/reuters/training/10584
new file mode 100644
index 0000000000000000000000000000000000000000..70a56fd8947ddbb9eb8fb738da2581c4f854bea0
--- /dev/null
+++ b/reuters/training/10584
@@ -0,0 +1,26 @@
+COCOA BUFFER DIFFERENTIALS DETAILED
+  The International Cocoa Organization
+  (ICCO) council agreed standard price differentials for
+  different origin cocoas to form part of the buffer stock buying
+  and selling procedure, consumer delegates said.
+      The buffer stock manager will accept offers for different
+  origin cocoas according to a sliding scale of price
+  differentials, under which Ghana cocoa will be pegged at a 137
+  stg premium to Malaysian.
+      Thus, if the buffer stock manager was buying cocoa based on
+  a Malaysian price of 1,200 stg a tonne, he would accept Ghana
+  offers up to 1,337 stg.
+      Differentials were fixed as follows,
+   Country       Differential stg/tonne
+   Malaysia           0
+   Brazil            55
+   Ivory Coast       67
+   Cameroun          77
+   Nigeria          120
+   Togo             130
+   Ghana            137
+      Nigeria's differential is on "landed weight" terms. Shipping
+  weight terms will be accepted at a 15 stg discount to this
+  rate.
+  
+
diff --git a/reuters/training/10585 b/reuters/training/10585
new file mode 100644
index 0000000000000000000000000000000000000000..13d57c8f15fc408f7b2471d819e9ce54afdc9096
--- /dev/null
+++ b/reuters/training/10585
@@ -0,0 +1,5 @@
+MINSTAR INC SAID IT SOLD ALL 10 MLN OF ITS BORG-WARNER SHARES
+
+  MINSTAR INC SAID IT SOLD ALL 10 MLN OF ITS BORG-WARNER SHARES
+  
+
diff --git a/reuters/training/10586 b/reuters/training/10586
new file mode 100644
index 0000000000000000000000000000000000000000..f93a64a893b9e6840392c1509e0f14ab11f8083d
--- /dev/null
+++ b/reuters/training/10586
@@ -0,0 +1,15 @@
+COCOA COUNCIL MEETING ENDS AFTER AGREEING RULES
+  The International Cocoa Organization
+  (ICCO) council adjourned after agreeing buffer stock rules for
+  the 1986 International Cocoa Agreement, an ICCO spokesman said.
+      The buffer stock will begin operations immediately, he
+  said.
+      He confirmed delegate reports that the buffer stock manager
+  will trade cocoa by means of an offer system, and according to
+  fixed differentials for cocoa from different origins.
+      Purchases from non-members will be limited to 15 pct of the
+  total and buying or selling operations in any one day will be
+  restricted to a maximum of 40 pct each for nearby, intermediate
+  and forward positions, he said.
+  
+
diff --git a/reuters/training/10587 b/reuters/training/10587
new file mode 100644
index 0000000000000000000000000000000000000000..b23ffd2680d14308550fe34ae858079f3dd70c94
--- /dev/null
+++ b/reuters/training/10587
@@ -0,0 +1,5 @@
+MINSTAR INC SAID IT IS STILL INTERESTED IN ACQUIRING BORG-WARNER
+
+  MINSTAR INC SAID IT IS STILL INTERESTED IN ACQUIRING BORG-WARNER
+  
+
diff --git a/reuters/training/10588 b/reuters/training/10588
new file mode 100644
index 0000000000000000000000000000000000000000..26e58bedbf9ea0c27f369fe277b3a6b5e1b6991d
--- /dev/null
+++ b/reuters/training/10588
@@ -0,0 +1,23 @@
+U.S. URGES RESTRAINT IN AEGEAN
+  The United States said it was doing
+  what it could to ease tension in the Aegean as Greek and
+  Turkish warships headed for a possible clash over oil drilling
+  rights on the sea's continental shelf.
+      State Department spokesman Charles Redman told reporters,
+  "We have urged both sides to exercise restraint and avoid any
+  actions which might exacerbate the situation."
+      "In the light of the most recent developments, we are
+  consulting with the parties and with other interested allies on
+  means to reduce tensions," he added.
+      Redman declined to elaborate on what Washington was doing,
+  but he said an emergency meeting of NATO ambassadors in
+  Brussels on the subject was only one path it was pursuing.
+      He also refused to say which side was to blame for the
+  renewed confrontation, saying Washington was still trying to
+  ascertain all the facts, as Prime minister Andreas Papanderou
+  said Greece was prepared to tackle any aggressor.
+      "The crucial point here is that these are two friends and
+  allies. We don't want to see tension rise and we are doing what
+  we can to see if we can help here," Redman said.
+  
+
diff --git a/reuters/training/1059 b/reuters/training/1059
new file mode 100644
index 0000000000000000000000000000000000000000..138796874fb46c183ecebcefad3b54e27506422b
--- /dev/null
+++ b/reuters/training/1059
@@ -0,0 +1,16 @@
+FIRST FEDERAL SAVINGS <FFKZ> YEAR NET
+  Shr 78 cts vs one dlr
+      Net 1,413,000 vs 1,776,000
+      Assets 705.3 mln vs 597.3 mln
+      Deposits 495.6 mln vs 493.9 mln
+      Loans 260.0 mln vs 379.7 mln
+      Qtly div six cts vs six cts prior qtr
+      Pay April 1 
+      Record March 6
+      NOTE: 1986 net includes charges from accounting changes,
+  from one-time expenses associated with a proxy contest and an
+  increase in loan reserves.
+      First Federal Savings and Loan Association of Kalamazoo is
+  full name of company.
+  
+
diff --git a/reuters/training/10590 b/reuters/training/10590
new file mode 100644
index 0000000000000000000000000000000000000000..9896ad064ad707b052abaf26f4a55815cea2b4cf
--- /dev/null
+++ b/reuters/training/10590
@@ -0,0 +1,8 @@
+CARGILL U.K. STRIKE TALKS ADJOURN TO TUESDAY
+  Talks between management and unions at
+  Cargill U.K. Ltd's oilseed processing plant at Seaforth
+  adjourned today without a solution to the three month old
+  strike, a company spokesman said.
+      Negotiations will resume next Tuesday, he said.
+  
+
diff --git a/reuters/training/10592 b/reuters/training/10592
new file mode 100644
index 0000000000000000000000000000000000000000..04c2b3a03890872d0595da1a4a26845d2e9dfaa0
--- /dev/null
+++ b/reuters/training/10592
@@ -0,0 +1,5 @@
+CANADIAN MONEY SUPPLY M-1 FALLS 555 MLN DLRS IN WEEK, BANK OF CANADA SAID
+
+  CANADIAN MONEY SUPPLY M-1 FALLS 555 MLN DLRS IN WEEK, BANK OF CANADA SAID
+  
+
diff --git a/reuters/training/10593 b/reuters/training/10593
new file mode 100644
index 0000000000000000000000000000000000000000..44a126953985af223d62005eced57545735638b1
--- /dev/null
+++ b/reuters/training/10593
@@ -0,0 +1,72 @@
+NEW LME ALUMINIUM CONTRACT WELCOMED BY TRADE
+  The London Metal Exchange's, LME,
+  decision to introduce a dollar-denominated aluminium contract,
+  with the Port of Singapore listed as a delivery point, is a
+  positive move, physical traders and LME dealers said.
+      Earlier this week the LME declared that a 99.70 pct minimum
+  purity aluminium contract would commence trading on June 1,
+  1987, alongside its long-established sterling-based 99.50 pct
+  contract.
+      This is the LME's first dollar contract and non-European
+  delivery point, and the Board and Committee are looking at
+  Singapore as a delivery point for other contracts.
+      Trade sources said the LME's new contract will conform with
+  existing industry practice, where 99.70 standard re-melt
+  material, priced in dollars, is most commonly traded.
+      The location of a warehouse in Singapore is also a positive
+  move by the LME, given its ideal location for Australian and
+  Japanese traders, who would be able to place metal on to
+  warrant speedily and relatively inexpensively, they said.
+      Hedging during the LME ring sessions becomes much simpler
+  with a dollar contract. At present pre-market trading is almost
+  exclusively dollar-based, but currency conversions have to be
+  done during the sterling rings, they added.
+      LME ring dealers said the new contract would match more
+  closely trade requirements and possibly alleviate some of the
+  recent wide backwardations.
+      Very little physical business is now done in 99.50 pct
+  purity metal, nearly all of which is produced in Eastern Bloc
+  countries, such as Romania.
+      The Soviet Union also produces 99.50 pct, but has declined
+  as an exporter recently, they said.
+      Some dealers said the new 99.70 contract may suffer from
+  liquidity problems initially, as business may continue to
+  centre on the present good ordinary brand (gob) contract, where
+  there are many holders of large short positions on the LME.
+      But others said the new contract would soon attract trading
+  interest, given that much 99.70 metal has already been
+  attracted to the LME's warehouses by backwardations.
+      The LME also has a much more viable liquidity base for a
+  new contract, compared to the Comex market in New York, where
+  high grade aluminium futures are not particularly active, they
+  said.
+      Thus, it seems likely that the sterling contract will
+  eventually lose trading interest and volumes will decline. Like
+  standard zinc, which was superseded by a high grade contract,
+  gob aluminium will probably be replaced, although the process
+  in this case may take longer, they added.
+      Forming a new contract and establishing a Singapore
+  warehouse are constructive moves by the LME but backwardations,
+  which make physical trading difficult, would not totally
+  disappear as a result, the trade sources said.
+      These premiums for prompt metal have become a
+  semi-permanent feature over the last year, due to increased
+  business and volatility in traded options, and are presently
+  around 50 stg.
+      Increasingly large granting of option positions has been
+  taking place. When some of these are declared and exercised at
+  the end of the relevant month, physical tightness and squeezes
+  around these dates are commonplace, they said.
+      Listing Singapore as a delivery point allows Far Eastern
+  operators to deliver aluminium into a LME warehouse instead of
+  having to cover.
+      But tightness and backwardations are seen continuing, even
+  though the LME's new option contracts widen the gap between the
+  declaration and prompt dates.
+      These will be due on the first and third Wednesday of the
+  month, whereas at present most fall on the 20th and 25th.
+      Backwardations will remain while operators continue to
+  grant options where potential tonnage to be delivered exceeds
+  aluminium stock levels, an LME option trader said.
+  
+
diff --git a/reuters/training/10594 b/reuters/training/10594
new file mode 100644
index 0000000000000000000000000000000000000000..dc2872d4e4a2349ff5c8306d28ade4a1f1073a17
--- /dev/null
+++ b/reuters/training/10594
@@ -0,0 +1,14 @@
+CANADIAN MONEY SUPPLY FALLS IN WEEK
+  Canadian narrowly defined money supply
+  M-1 fell 555 mln dlrs to 32.42 billion dlrs in week ended March
+  18, Bank of Canada said.
+      M-1-A, which is M-1 plus daily interest chequable and
+  non-personal deposits, fell 559 mln dlrs to 74.86 billion dlrs
+  and M-2, which is M-1-A plus other notice and personal
+  fixed-term deposit fell 439 mln dlrs to 177.30 billion dlrs.
+      M-3, which is non-personal fixed term deposits and foreign
+  currency deposits of residents booked at chartered banks in
+  Canada, fell 696 mln dlrs to 215.74 billion dlrs. MORE
+   More
+  
+
diff --git a/reuters/training/10596 b/reuters/training/10596
new file mode 100644
index 0000000000000000000000000000000000000000..e41bac8d38c8080496a29e5b06e857567d336570
--- /dev/null
+++ b/reuters/training/10596
@@ -0,0 +1,11 @@
+CORNING GLASS WORKS<GLW> BUYS FIBER-OPTIC STAKE
+  Corning Glass Works said it
+  bought a 50 pct interest in Technology Dynamics Inc, a
+  Woodinville, Wash., company involved in research and
+  development of fiber-optic sensors.
+      The purchase price was not disclosed.
+      Privately held Technology Dynamics plans to introduce its
+  first line of fiber-optic sensors later this year, Corning
+  Glass said.
+  
+
diff --git a/reuters/training/10597 b/reuters/training/10597
new file mode 100644
index 0000000000000000000000000000000000000000..4033775bb83792dc9be8d019b2479bf64460b62a
--- /dev/null
+++ b/reuters/training/10597
@@ -0,0 +1,10 @@
+FIRST NATIONAL CORP <FTNC> 4TH QTR
+  Shr loss 29 cts vs loss 15 cts
+      Net loss 513,542 vs loss 263,708
+      Revs 38,000 vs nil
+      Year
+      Shr loss 24 cts vs loss 10 cts
+      Net loss 417,552 vs loss 142,010
+      Revs 171,000 vs nil
+  
+
diff --git a/reuters/training/10598 b/reuters/training/10598
new file mode 100644
index 0000000000000000000000000000000000000000..c9d680e7eae91093aa7835fd9eb1becf6cd434ca
--- /dev/null
+++ b/reuters/training/10598
@@ -0,0 +1,10 @@
+BEARD CO <BEC> YEAR LOSS
+  Shr loss 57 cts vs profit 3.02 dlrs
+      Net loss 3,606,000 vs profit 8,294,000
+      Revs 15.3 mln vs 23.9 mln
+      Note: Net includes gains from sale of USPCI Inc <UPC> stock
+  of 1.5 mln vs 20.5 mln
+      Year-ago net includes loss from discontinued operations of
+  10.3 mln.
+  
+
diff --git a/reuters/training/10599 b/reuters/training/10599
new file mode 100644
index 0000000000000000000000000000000000000000..a5d15fbe0a74ec30921d392128e35219ea935348
--- /dev/null
+++ b/reuters/training/10599
@@ -0,0 +1,8 @@
+ESSEX COMMUNICATIONS CORP <ESSXA> YEAR LOSS
+  Shr loss 47 cts vs loss 63 cts
+      Net loss 1,450,000 vs loss 1,930,000
+      Revs 14.7 mln vs 13.3 mln
+      Note: Year-ago resulted restated to exclude Michigan cable
+  systems sold in 1985.
+  
+
diff --git a/reuters/training/106 b/reuters/training/106
new file mode 100644
index 0000000000000000000000000000000000000000..7a891d03c9a6bc3c3addb67b19e3e789480f6faf
--- /dev/null
+++ b/reuters/training/106
@@ -0,0 +1,6 @@
+GRAIN SHIPS LOADING AT PORTLAND
+  There were seven grain ships loading and
+  six ships were waiting to load at Portland, according to the
+  Portland Merchants Exchange.
+  
+
diff --git a/reuters/training/10600 b/reuters/training/10600
new file mode 100644
index 0000000000000000000000000000000000000000..95f02af7089ad8e958cc8f450e634aaad3fa34a9
--- /dev/null
+++ b/reuters/training/10600
@@ -0,0 +1,13 @@
+DENNING MOBILE ROBOTICS INC <GARD> 4TH QTR LOSS
+  Shr loss nine cts loss 12 cts
+      Net loss 585,866 vs loss 455,866
+      Avg shrs 6,841,638 vs 3,651,505
+      Year
+      Shr loss 34 cts vs loss 54 cts
+      Net loss 2,158,709 vs loss 1,931,397
+      Avg shrs 6,296,701 vs 3,586,914
+      Note: Company has no revs as it is in product development
+  stage. Shr and avg shrs data reflect 1-for-25 reverse split in
+  November 1986.
+  
+
diff --git a/reuters/training/10601 b/reuters/training/10601
new file mode 100644
index 0000000000000000000000000000000000000000..cf62765833e77dace8ae35cff0b64ec0484db6ed
--- /dev/null
+++ b/reuters/training/10601
@@ -0,0 +1,10 @@
+SCOTT'S LIQUID GOLD INC YEAR OPER NET
+  Oper shr two cts vs 10 cts
+      Oper net 162,300 vs 773,400
+      Revs 16.6 mln vs 16.5 mln
+      Avg shrs 8,282,480 vs 8,045,493
+      NOTE: Excludes gains of 138,000 dlrs or two cts/shr vs
+  733,000 dlrs or nine cts from benefit of tax loss
+  carryforwards.
+  
+
diff --git a/reuters/training/10602 b/reuters/training/10602
new file mode 100644
index 0000000000000000000000000000000000000000..a0be0c7c6968404c319e64b56868a91aea3ac481
--- /dev/null
+++ b/reuters/training/10602
@@ -0,0 +1,5 @@
+LABOR DEPT REPORTS U.S. REAL EARNINGS ROSE 0.6 PCT IN FEB AFTER BEING UNCHANGED IN JAN
+
+  LABOR DEPT REPORTS U.S. REAL EARNINGS ROSE 0.6 PCT IN FEB AFTER BEING UNCHANGED IN JAN
+  
+
diff --git a/reuters/training/10604 b/reuters/training/10604
new file mode 100644
index 0000000000000000000000000000000000000000..685fcc0c064e3e9b18e944fc4a217bf3337f8ddf
--- /dev/null
+++ b/reuters/training/10604
@@ -0,0 +1,21 @@
+U.S. REAL EARNINGS ROSE 0.6 PCT IN FEBRUARY
+  The average weekly earnings of U.S.
+  workers after adjustment for inflation and seasonal changes
+  rose 0.6 pct in February after being unchanged in January, the
+  Labor department said.
+      The department had earlier reported that real earnings fell
+  0.3 pct in January but revised the figure to show earnings
+  unchanged.
+      Between February this year and February, 1986, real
+  earnings rose 0.5 pct, the department said.
+      The rise in February real earnings resulted from a 0.5 pct
+  increase in average hourly earnings and a 0.6 pct increase in
+  average weekly hours. That was partly offset by a 0.4 pct rise
+  in the consumer price index, which measures inflation, the
+  department said.
+      Before seasonal adjustment, weekly earnings last month
+  averaged 307.59 dlrs, up from 305.13 dlrs in January and up
+  from 300.66 dlrs in February, 1986.
+   Reuter...
+  
+
diff --git a/reuters/training/10606 b/reuters/training/10606
new file mode 100644
index 0000000000000000000000000000000000000000..ef6317da7579acda46d57a4df0b4b638b1b57586
--- /dev/null
+++ b/reuters/training/10606
@@ -0,0 +1,39 @@
+TAIWAN TO STUDY SUSPENDING FOREX CONTROLS
+  Premier Yu Kuo-Hua ordered financial
+  officials to quicken the pace of relaxing foreign exchange
+  controls and study the possibility of suspending the controls,
+  a cabinet statement said.
+      The statement quoted Yu as telling Finance Ministy and
+  Central Bank officials the relaxation was needed to help reduce
+  Taiwan's surging foreign exchange reserves, which reached a
+  record 53 billion U.S. Dollars this month.
+      Finance Minister Robert Chien told reporters his ministry
+  and the Central Bank would work jointly on new measures to ease
+  the controls, but he did not give details.
+      Yu said the government could maintain the framework of the
+  foreign exchange controls while finding ways to ease them. The
+  controls would be used during emergency.
+      Taiwan's reserves have resulted largely from its trade
+  surplus, which hit 15.6 billion dlrs in 1986 and 10.6 billion
+  in 1985. About 95 pct of the surplus was from Taiwan's trade
+  with the United States, according to official figures.
+      But he said that while easing the controls would help
+  reduce the reserves, it would not do so substantially in a
+  short time.
+      Economists and bankers said the new decision resulted from
+  growing pressure from the United States, Taiwan's largest
+  trading partner, which buys almost half the island's exports.
+      Lu Ming-Jen, economic professor at Soochow University, told
+  Reuters: "The decision came a little bit late. But it was better
+  than never."
+      Ko Fei-Lo, Vice President at First Commercial Bank, said
+  the government should rapidly relax its foreign exchange
+  controls and open its market wider to help balance trade with
+  its trading partners, especially the United States.
+      "The liberalisation in both imports and foreign exchange
+  controls will not only help our trading partners, but also help
+  our own economic problems," he said.
+      He said the mounting foreign exchange reserveshelped boost
+  Taiwan's money supply by 48.22 pct in the year to end-February.
+  
+
diff --git a/reuters/training/10608 b/reuters/training/10608
new file mode 100644
index 0000000000000000000000000000000000000000..291a041b7a632f1279b59e0aef8af56c10584e27
--- /dev/null
+++ b/reuters/training/10608
@@ -0,0 +1,32 @@
+JAPAN'S CHIP MAKERS ANGERED BY U.S. SANCTION PLANS
+  Japanese computer chip makers reacted
+  angrily to news the United States plans to take retaliatory
+  action against them for allegedly failing to live up to an
+  agreement on trade in computer microchips.
+      Electronic Industries Association of Japan (EIAJ) Chairman
+  Shoichi Saba stated: "EIAJ believes that it is premature and
+  even irrational to attempt an assessment of the impact of the
+  agreement and our efforts to comply with it only six months
+  after concluding the agreement."
+      "We urge U.S. Governmental authorities to reconsider the
+  decision made, to evaluate fairly the results of Japanese
+  efforts in implementing the objectives of the agreement, and to
+  resist emotional biases," he said.
+      Yesterday, Washington announced plans to slap as much as
+  300 mln dlrs in tariffs on Japanese imports in retaliation for
+  what is sees as Japan's failure to comply with the terms of the
+  pact.
+      The agreement, struck late last year after months of heated
+  negotiations, called on Japan to stop selling cut-price chips
+  on world markets and to buy more American-made semiconductors.
+      To salvage the pact, Tokyo has instructed its chip makers
+  to slash production and has helped establish a multi-lateral
+  organisation designed to promote chip imports.
+      Saba said that Japanese chip companies have pledged three
+  mln dlrs over the next five years to the new organisation and
+  expressed regret that no American company has seen fit to join.
+      "This suggests that American semiconductor manufacturers may
+  not be really interested in participating in the Japanese
+  market," he said.
+  
+
diff --git a/reuters/training/10609 b/reuters/training/10609
new file mode 100644
index 0000000000000000000000000000000000000000..71fdb51217d086ee82d62185713252af606e6b52
--- /dev/null
+++ b/reuters/training/10609
@@ -0,0 +1,7 @@
+OVERSEA-CHINESE BANKING CORP LTD <OCBM.SI> YEAR
+  Shr 21 cts vs 20 cts
+      Fin Div 8.0 cts gross vs 9.0 cts
+      Group net 104.8 mln dlrs vs 100.9 mln
+      Note - Fin div pay June 6, record May 19.
+  
+
diff --git a/reuters/training/10610 b/reuters/training/10610
new file mode 100644
index 0000000000000000000000000000000000000000..6fed52fbeadef2e2c9a97d0bfd1af7fc08c0790d
--- /dev/null
+++ b/reuters/training/10610
@@ -0,0 +1,7 @@
+UNITED OVERSEAS BANK LTD <UOBM.SI> YEAR
+  Shr 26.9 cts vs 25.1 cts
+      Fin Div 8.0 pct gross vs 8.0 pct
+      Group net 106.1 mln dlrs vs 99.0 mln
+      Note - Fin div pay May 25, record April 18.
+  
+
diff --git a/reuters/training/10611 b/reuters/training/10611
new file mode 100644
index 0000000000000000000000000000000000000000..3d0a2d4e074710c0d5740c37cf6118817d52d1b0
--- /dev/null
+++ b/reuters/training/10611
@@ -0,0 +1,8 @@
+STRAITS TRADING CO LTD <STCM.SI> YEAR
+  Shr 8.7 cts vs 7.7 cts
+      Fin div 9.0 cts vs 9.0 cts
+      Group net 23.5 mln dlrs vs 20.8 mln
+      Turnover 212.7 mln dlrs vs 595.4 mln
+      Note - Fin div pay May 27, record May 23. REUTER
+  
+
diff --git a/reuters/training/10612 b/reuters/training/10612
new file mode 100644
index 0000000000000000000000000000000000000000..3e4e2763d6db107fe93021c96a1b3e6bea8d801f
--- /dev/null
+++ b/reuters/training/10612
@@ -0,0 +1,9 @@
+SINGAPORE LAND LTD <LNDH.SI> FIRST HALF FEB 28
+  Shr 8.43 cts vs 9.61 cts
+      Int div nil vs nil
+      Group net 7.8 mln dlrs vs 8.9 mln
+      Turnover 30.6 mln dlrs vs 33.5 mln
+      Note - The company said group net profits for the year
+  ending this Aug 31 should amount to 13.5 mln dlrs.
+  
+
diff --git a/reuters/training/10613 b/reuters/training/10613
new file mode 100644
index 0000000000000000000000000000000000000000..cdc826fb532091c134b43a465253fe4d231fb0f2
--- /dev/null
+++ b/reuters/training/10613
@@ -0,0 +1,7 @@
+IVORIAN CHOSEN COCOA COUNCIL EXECUTIVE DIRECTOR
+  Edouard Kouame, Ivorian delegate to the
+  International Cocoa Organization (ICCO), was chosen Executive
+  Director of the ICCO, effective October 1, ICCO officials said.
+      Kouame will succeed Dr. Kobena Erbynn of Ghana in the post.
+  
+
diff --git a/reuters/training/10615 b/reuters/training/10615
new file mode 100644
index 0000000000000000000000000000000000000000..ab161cd33bb021ef0b7a652d5b8b43be7789c30f
--- /dev/null
+++ b/reuters/training/10615
@@ -0,0 +1,12 @@
+MALAYSIA EXPECTS RUBBER SHORTAGE IN APRIL/MAY
+  Malaysia said it expects a natural
+  rubber shortage in April and May because of the effects of
+  current wintering on rubber trees.
+      The expected shortage and stronger demand for rubber goods,
+  especially condoms and surgical gloves by consumers, is likely
+  to push up prices, the Malaysian Rubber Exchange and Licensing
+  Board said in its latest monthly bulletin.
+      During the annual wintering period from February to April
+  rubber trees shed their leaves and latex output is very low.
+  
+
diff --git a/reuters/training/10616 b/reuters/training/10616
new file mode 100644
index 0000000000000000000000000000000000000000..9d74062e47c009f85e278194b6ade94911e152de
--- /dev/null
+++ b/reuters/training/10616
@@ -0,0 +1,15 @@
+ZIMBABWE CONFIRMS HOOF-AND-MOUTH DISEASE
+  Zimbabwe has confirmed an outbreak of
+  the animal-borne hoof-and-mouth disease, which prompted
+  Botswana on Thursday to stop imports of almost all Zimbabwean
+  meat products.
+      Agriculture Ministry Permanent Secretary Robbie Mupawose
+  said it had been found at a ranch in southwestern Matabeleland
+  province and that all measures were being taken to contain it
+  from spreading. "The effect of this outbreak on Zimbabwe's beef
+  exports is being examined," he added in a statement.
+      Zimbabwe exports a wide range of meat products to
+  neighbouring states and some 8,000 tonnes of high-grade beef to
+  the European Community annually worth about 48 mln U.S. Dlrs.
+  
+
diff --git a/reuters/training/10617 b/reuters/training/10617
new file mode 100644
index 0000000000000000000000000000000000000000..47bb5d9b77d8a4e9992f52d4424eee90ff951ae9
--- /dev/null
+++ b/reuters/training/10617
@@ -0,0 +1,69 @@
+U.S. BANKER PREDICTS FURTHER DOLLAR FALL THIS YEAR
+  A leading U.S. Banker said the dollar
+  was likely to fall another five to 10 pct this year and an
+  improvement in the huge American trade deficit would be only
+  temporary at current world exchange rate levels.
+      Kurt Viermetz, Worldwide Treasurer of <Morgan Guaranty
+  Trust Co>, told Arab currency traders meeting here that the
+  steady depreciation of the dollar had not gone far enough to
+  rein in U.S. Deficits on a lasting basis.
+      Speaking at the 14th annual congress of the Interarab
+  Cambist Association, Viermetz said an agreement reached last
+  month among major industrial nations to steady the dollar
+  around current levels left many questions unanswered.
+      "I cannot see any chance for a real turnaround (rise) in the
+  dollar," Viermetz said. "I believe there is room for a further
+  fall of five to 10 per cent in 1987."
+      The United States, West Germany, Japan, France, Great
+  Britain and Canada -- G-6 -- agreed in Paris in late February
+  to stabilise major currencies around current levels.
+      The accord came after months of transatlantic argument,
+  with Tokyo and Bonn claiming Washington's policy of talking the
+  dollar lower had made life impossible for West German and
+  Japanese exporters.
+      The Paris accord also brought a pause to the continued
+  slide of the dollar engineered by a meeting in New York in
+  September 1985 when industrial nations agreed to depress the
+  value of the currency to help redress global trade imbalances.
+      But Viermetz said Morgan Guaranty's economic models showed
+  that with no further change in exchange rates -- and continued
+  sluggish growth in West Germany and Japan -- the U.S. Trade
+  deficit would improve only temporarily.
+      He said the deficit might fall to 145 billion dlrs this
+  year from 165 billion in 1986 and further improve to 120
+  billion in 1988 but by 1990, it would be back around 160
+  billion dlrs.
+      "This is clearly unacceptable for the monetary authorities
+  and politicians in Washington," he said.
+      Viermetz said it was only natural that markets should
+  attempt to test the credibility of the Paris accord, struck
+  when the dollar was trading at about 1.83 marks and 152.50 yen.
+      Immediately before the historic 1985 New York agreement or
+  "Plaza Accord," the dollar had been trading at 2.84 marks and 240
+  yen.
+      Viermetz said he believed major nations in Paris wanted to
+  see the dollar hold within a "loose range" of 1.75 to 1.90 marks
+  and 145 to 155 yen, with any attempt to push the U.S. Currency
+  lower being countered by central bank intervention.
+      The dollar ended in New York yesterday at 147.15/25 yen --
+  its lowest level against the Japanese currency in roughly 40
+  years. It closed at 1.8160/70 marks.
+      Viermetz also said he did not see the U.S. Federal funds
+  rate falling below six pct for fear of provoking an
+  uncontrolled fall in the dollar.
+      But at the same time, worries about the international debt
+  crisis would mean there was little chance of a rise above 6-3/4
+  pct since this would increase loan costs to the third world.
+      The Middle East foreign exchange conference brings together
+  more than 200 traders and bank treasury chiefs from the Arab
+  world and Arab banks in European and U.S. Financial centres.
+      Formal discussions, which end today, have also centred on
+  the role of Arab banks in world financial markets, with bankers
+  urging them to adapt to a new global trend towards
+  securitisation of  business.
+      Hikmat Nashashibi, President of the Arab Bankers
+  Association, said Arab banks have to shake off their old
+  mentality of commercial banking and concentrate more on
+  investment banking.
+  
+
diff --git a/reuters/training/10618 b/reuters/training/10618
new file mode 100644
index 0000000000000000000000000000000000000000..eb64e4282d486df8ec64e9e2bc23e0fc6804f12e
--- /dev/null
+++ b/reuters/training/10618
@@ -0,0 +1,31 @@
+OFFICIAL WANTS ARAB FUND TO HELP LEBANESE POUND
+  Lebanese central bank Vice Governor
+  Meguerditch Bouldikian called for the establishment of an Arab
+  fund to assist the Lebanese pound, which has lost more than 80
+  pct of its value against the dollar since January 1986.
+      Bouldikian told an Arab exchange dealers conference the
+  bank would continue to take measures to defend the currency.
+      But he said Lebanon needed foreign support for its
+  war-battered economy now more than ever before. "We expect a
+  common effort between the central bank and Arab central banks
+  and monetary authorities to create an Arab fund to support and
+  preserve the value of the currency when needed," he said.
+      Twelve years of civil war have devastated productive
+  sectors of the Lebanese economy and created gaping trade and
+  budget deficits.
+      Bouldikian said recent government measures had succeeded in
+  reducing demand for imports and increasing exports. "These are
+  encouraging factors, but the war has not ended yet," he said.
+      "We believe that with a just political solution acceptable
+  to all sides, confidence will return and this will benefit the
+  Lebanese pound and Lebanon."
+      In the meantime, he said the central bank had four main
+  goals:
+      1) to use surplus liquidity to finance the budget deficit
+      2) to increase the role of commercial banks and non-bank
+  financing institutions in financing the deficit
+      3) to limit the transfer of Lebanese pounds into foreign
+  currency deposits
+      4) to protect the financial health of commercial banks.
+  
+
diff --git a/reuters/training/10619 b/reuters/training/10619
new file mode 100644
index 0000000000000000000000000000000000000000..e7ddcdba2f0580d6d66d1ffeb7f25d3dfe6665c9
--- /dev/null
+++ b/reuters/training/10619
@@ -0,0 +1,9 @@
+JAPAN JOINING INTERNATIONAL COCOA AGREEMENT
+  Japan is in the process of joining the
+  International Cocoa Organisation (ICCO), which will bring the
+  number of members in the body to 36, ICCO officials said.
+      Japan is completing constitutional procedures necessary to
+  its accession to the ICCO and is expected to become an
+  importing member in three to four months, they said.
+  
+
diff --git a/reuters/training/10620 b/reuters/training/10620
new file mode 100644
index 0000000000000000000000000000000000000000..2f6ff155c04603a60bb51b74e095dc379ba15f2d
--- /dev/null
+++ b/reuters/training/10620
@@ -0,0 +1,14 @@
+TURKISH SHIP IN OIL ROW HEADS FOR AEGEAN
+  A Turkish research ship, escorted by
+  warships and air force planes, left for the Aegean to press
+  Ankara's case in an escalating row with Greece over oil rights,
+  the semi-official Anatolian News Agency said.
+      The ship set off this morning from the Dardanelles port of
+  Canakkale with flags flying and watched by sightseers, the
+  agency said.
+      Prime Minister Turgut Ozal said last night the ship would
+  not go into international waters unless Greece did the same.
+      "We are waiting for the first move from them," he told
+  Turkish Radio in London.
+  
+
diff --git a/reuters/training/10621 b/reuters/training/10621
new file mode 100644
index 0000000000000000000000000000000000000000..0ad48d5b8199e66cbb84265c45996a7929cfeaa9
--- /dev/null
+++ b/reuters/training/10621
@@ -0,0 +1,35 @@
+PAPANDREOU SHOWS "RESTRICTED OPTIMISM" OVER CRISIS
+  Greek Prime Minister Andreas Papandreou
+  expressed "restricted optimism" about a crisis with Turkey over
+  disputed oil rights in the Aegean Sea.
+      Papandreou was speaking to reporters after briefing
+  opposition political leaders on the latest developments in the
+  row as a Turkish research ship escorted by warships and combat
+  aircraft headed for the Aegean.
+      He and other political leaders spoke of qualified optimism
+  following a statement by Turkish Premier Turgut Ozal last night
+  that the research vessel would not enter disputed waters as
+  previously annnounced unless Greek vessels did so.
+      The Prime Minister declined to answer reporters' questions
+  about an announcement last night that Greece had asked the
+  United States to suspend operations at one of the American
+  military bases here due to the crisis.
+      But Opposition leader Constantine Mitsotakis told reporters
+  he thought the suspension would be temporary until the crisis
+  is resolved. A U.S. Defence Department official in Washington
+  said the station was still functioning.
+      Communist Party leader Harilaos Florakis said here "the
+  climate is calmer today."
+      Greek newspapers reported that the Greek army, navy and air
+  force had been moved to strategic Greek islands in the Aegean
+  and to the land border with Turkey at the Evros River.
+      But there was no official word on military movements apart
+  from a comment by the government spokesman that the Greek navy
+  was no longer in port.
+      The United States, NATO and the United Nations all called
+  on Greece and Turkey to exercise restraint.
+      Greek U.N. Representative Mihalis Dounas said in a letter
+  to the secretary-general that the dispute was of a legal nature
+  and could be settled in the International Court in the Hague.
+  
+
diff --git a/reuters/training/10622 b/reuters/training/10622
new file mode 100644
index 0000000000000000000000000000000000000000..254eaf1d7882e15671c2bb64fc6982c078b02ecd
--- /dev/null
+++ b/reuters/training/10622
@@ -0,0 +1,32 @@
+CHINA POSTPONES PLAN TO SCRAP PARALLEL CURRENCY
+  Chinese Vice-Premier Tian Jiyun said
+  plans to scrap the country's parallel currency, Foreign
+  Exchange Certificates (FECs), had been postponed due to
+  objections from foreign businessmen and others.
+      But Tian told a news conference the Chinese government
+  still considered FECs unsatisfactory.
+      Asked about the current state of plans to abolish the FECs,
+  Tian said: "We have decided to postpone the question. As to
+  whether it will be done in the future, it will be done
+  according to the evolution of the situation."
+      He said many people, including foreign businessmen, had
+  raised objections to the plan to abolish the certificates, and
+  added: "It is rather complicated."
+      The FECs were introduced in 1980 for use by foreigners in
+  China. But they now circulate widely among local residents and
+  there is a big black market in the currency, though it is
+  theoretically at par with the ordinary Chinese currency,
+  renminbi.
+      Tian said the government still considered that the FECs had
+  "many demerits and negative influences."
+      Bank of China President Wang Deyan told Reuters earlier
+  this month that he thought it unlikely that the certificates
+  would be scrapped this year.
+      Western diplomats and economists have said the Chinese
+  authorities are having trouble finding a suitable alternative.
+      Vice-Premier Yao Yilin announced at a similar press
+  conference last year that the FECs would be abolished, saying
+  the government had decided it was ideologically unacceptable to
+  have two currencies circulating in China at the same time.
+  
+
diff --git a/reuters/training/10623 b/reuters/training/10623
new file mode 100644
index 0000000000000000000000000000000000000000..d592ef039779fa77198c1b2478b3fbcb1650d4ce
--- /dev/null
+++ b/reuters/training/10623
@@ -0,0 +1,66 @@
+NAKASONE SOUNDS CONCILIATORY NOTE IN CHIP DISPUTE
+  Prime Minister Yasuhiro Nakasone sounded
+  a conciliatory note in Japan's increasingly bitter row with the
+  United States over trade in computer microchips.
+      "Japan wants to resolve the issue through consultations by
+  explaining its stance thoroughly and correcting the points that
+  need to be corrected," he was quoted by Kyodo News Service as
+  saying.
+      While expressing regret over America's decision to impose
+  tariffs on imports of Japanese electrical goods, Nakasone said
+  Tokyo was willing to send a high-level official to Washington
+  to help settle the dispute.
+      Government officials said Japan would make a formal request
+  next week for emergency talks and that the two sides would
+  probably meet the week after, just days before the April 17
+  deadline set by Washington for the tariffs to take effect.
+      Tokyo is expected to propose a joint U.S./Japan
+  investigation of American claims that Japanese companies are
+  dumping cut-price chips in Asian markets.
+      Yesterday, Washington announced plans to put as much as 300
+  mln dlrs in tariffs on imports of certain Japanese electronic
+  goods in retaliation for what it sees as Tokyo's failure to
+  live up to their bilateral chip pact.
+      That agreement, hammered out late last year after months of
+  heated negotiations, called on Japan to stop selling cut-price
+  chips in world markets and to buy more American-made chips.
+      Nakasone's comments seemed distinctly more conciliatory
+  than those of his Trade and Industry Minister, Hajime Tamura,
+  who earlier today said Japan was ready to take "appropriate
+  measures" if Washington went ahead with the sanctions.
+      Ministry of International Trade and Industry (MITI)
+  officials later sought to downplay the significance of Tamura's
+  remark and said that his main message was that the two sides
+  need to talk urgently about the issue.
+      But they admitted that Japan was considering taking the
+  United States to GATT, the Geneva-based international
+  organization which polices world trade, if Washington imposed
+  the tariffs.
+      Any Japanese action would probably be taken under Article
+  23 of the General Agreement on Tariffs and Trade (GATT), they
+  said. If that article were invoked, GATT would set up a panel
+  to consider the legality of the U.S. Action.
+      But officials here said they hope that can be avoided. "It
+  may be wishful thinking but there is a possibility the United
+  States may lift its decision at an early date," Tamura said.
+      In announcing the U.S. Sanctions yesterday, President
+  Ronald Reagan said he was prepared to lift them once he had
+  evidence that Japan was no longer dumping chips in world
+  markets and had opened up its own market to imports.
+      Japanese government officials said they are confident they
+  can make the pact work.
+      They said that the export of cut-price Japanese chips
+  through unregulated distributors has all but dried up after
+  MITI instructed domestic makers to cut output.
+      While acknowledging that it is harder to increase Japanese
+  imports of American chips, MITI officials said that the
+  ministry is doing all it can to ensure that happens.
+      The Ministry recently called on Japan's major chip users,
+  some of whom are also leading producers, to step up their
+  purchases of foreign semiconductors.
+      A spokesman for one of the companies, Toshiba Corp <TSBA.T>
+  said his firm would do just that and could announce its plans
+  in the next week or so. He expects other Japanese companies to
+  do likewise.
+  
+
diff --git a/reuters/training/10625 b/reuters/training/10625
new file mode 100644
index 0000000000000000000000000000000000000000..221a5f0e3c213350727d9edd437149d6af563ebd
--- /dev/null
+++ b/reuters/training/10625
@@ -0,0 +1,13 @@
+ISLAMIC BANKS ESTABLISH 50 MLN DLR TRADE PORTFOLIO
+  The Islamic Development Bank (IDB) and
+  20 Islamic Banks signed an agreement to establish a 50 mln dlr
+  trade portfolio to finance trade among Islamic countries, IDB
+  sources said.
+      They said IDB's share in the portfolio, which will only
+  finance exports and imports of the private sector, was limited
+  to up to 25 mln dlrs.
+      The sources said shares in the porfolio could be traded or
+  redeemed by the IDB, adding that this was a major step in
+  establishing an Islamic financial market.
+  
+
diff --git a/reuters/training/10627 b/reuters/training/10627
new file mode 100644
index 0000000000000000000000000000000000000000..a220e246ccb9db1872cd3d9b131b957d55767f0b
--- /dev/null
+++ b/reuters/training/10627
@@ -0,0 +1,43 @@
+TURKISH-GREEK AEGEAN TENSION ABATES
+  Turkey"s standoff with Greece over Aegean
+  oil rights appeared at an end after the government said it had
+  been assured Athens would not start prospecting in disputed
+  waters.
+      A Foreign Ministry statement last night hinted Turkey was
+  claiming victory. A Greek-based international consortium, North
+  Aegean Petroleum Co., Had given up plans to start searching for
+  oil in international waters east of Thasos island, it said.
+      "In the same way it has been understood that Greece will
+  also not undertake oil activities outside its territorial
+  waters," the statement added.
+      An Ankara Radio report monitored in London said Foreign
+  Minister Vahit Halefolu had called on Greece to engage in
+  dialogue over the dispute. It was impossible to resolve the
+  dispute by crises, he was quoted as saying.
+      "We call on Greece to come and engage in a dialogue with us
+  - let us find a solution as two neighbours and allies should,"
+  he said.
+      The radio said Halefoglu had briefed the leaders of a
+  number of the country"s political parties on the latest
+  developments.
+      Turkey sent the survey ship Sismik 1 into the Aegean
+  yesterday, flanked by warships, to press its case but having
+  earlier said it would go into disputed waters, declared the
+  vessel would stay in Turkish areas.
+      Prime Minister Turgut Ozal, in London on his way home after
+  heart surgery in the United States, is expected to receive an
+  ecstatic welcome from thousands of Turks when he returns today.
+      He was in defiant mood last night, telling Turkish radio:
+  "We can never accept that Greece should confine us to the
+  Anatolian continent. If there are riches under the sea, they
+  are for mankind."
+      Despite the end of the crisis, Turkish officials
+  acknowledged that the underlying dispute over delimiting the
+  continental shelf in the Aegean remained unsolved.
+      Turkey alleged that the consortium"s plans would have
+  infringed the 1976 Berne agreement between the two countries,
+  which called for a moratorium on any activities until the
+  delimitation was agreed. Greece earlier this month declared it
+  considers the accord inoperative.
+  
+
diff --git a/reuters/training/1063 b/reuters/training/1063
new file mode 100644
index 0000000000000000000000000000000000000000..3c19f9b34610553e0c38d15cea04f9d462383de8
--- /dev/null
+++ b/reuters/training/1063
@@ -0,0 +1,8 @@
+TOLL BROTHERS INC <TOL> 1ST QTR JAN 31 NET
+  Shr 22 cts vs 12 cts
+      Net 3,243,000 vs 1,656,000
+      Revs 28.4 mln vs 21.5 mln
+      NOTE: All amts reflect 3-for-2 stock split of company's
+  common in form of 50 pct stock dividend paid Feb 26, 1987.
+  
+
diff --git a/reuters/training/10632 b/reuters/training/10632
new file mode 100644
index 0000000000000000000000000000000000000000..603b7bfd90079c629d376a9716ecc0099812ab75
--- /dev/null
+++ b/reuters/training/10632
@@ -0,0 +1,32 @@
+BANK SEES MODEST RECOVERY IN GULF ARAB ECONOMIES
+  The Emirates Industrial Bank has
+  predicted a modest economic recovery in the Gulf Arab states
+  following higher oil revenues.
+      A bank study, carried by the Emirates news agency WAM, said
+  total oil revenues of the six Gulf Cooperation Council (GCC)
+  countries were likely to reach 39 billion dlrs this year from
+  33.5 billion in 1986.
+      The GCC groups Bahrain, Kuwait, Oman, Qatar, Saudi Arabia
+  and the United Arab Emirates (UAE).
+      The bank said the improvement would result from higher oil
+  prices made possible by last December's OPEC accord to restrain
+  overall group production.
+      These curbs have pushed up oil prices from around eight
+  dollars a barrel in mid-1986 to around 18 dlrs.
+      "All signs point to the possibility of a modest recovery in
+  the economies of these (GCC) countries, although this expected
+  growth will not be similar to that of the (1970s) boom years,"
+  the study said.
+      It added, however, that GCC states would experience higher
+  budget deficits this year because of needs arising from past
+  recession and the difficulty of making fresh spending cuts.
+      The study said the combined GCC bugdet deficits would rise
+  to 23.2 billion dlrs from 17.9 billion last year.
+      It said lower oil exports cut the GCC states' combined
+  trade surplus to 18 billion dlrs in 1986 from 21.5 billion in
+  1985.
+      The UAE suffered a 19.5 pct drop in gross domestic product
+  to 77.6 billion dirhams last year from 96.4 billion in 1985, it
+  added.
+  
+
diff --git a/reuters/training/10633 b/reuters/training/10633
new file mode 100644
index 0000000000000000000000000000000000000000..6c65ada047241f5ac59321b2aefda88dd1a1e787
--- /dev/null
+++ b/reuters/training/10633
@@ -0,0 +1,33 @@
+ARAB BANKER SAYS TOO SOON FOR SINGLE CURRENCY
+  Gulf Arab states must coordinate
+  economic policies more closely before moving towards their goal
+  of a unified currency system, the President of the Arab Bankers
+  Association said.
+      Hikmat Nashashibi told a news conference at the end of an
+  Arab currency traders meeting: "We have to start with
+  coordination of fiscal policies as a prerequisite for a common
+  system of currencies ... There is quite a substantial way to go
+  yet."
+      He said only then would a unified Gulf currency system be a
+  plausible project.
+      The six nations of the Gulf Cooperation Council -- Saudi
+  Arabia, Kuwait, Bahrain, Oman, Qatar and the United Arab
+  Emirates --  have held a series of meetings this year to
+  examine linking their currencies to a single peg in a system
+  which bankers say could be modelled on the European Monetary
+  System (EMS).
+      At present, five currencies are linked either officially or
+  in practice to the U.S. Dollar, while the Kuwaiti dinar is
+  pegged to a trade-weighted basket of currencies.
+      A common currency system or EMS-style "grid" would, in
+  theory, foster regional trade by providing a basis for stable
+  exchange rates, but Nashashibi said inter-Arab trade is at a
+  very low ebb and capital flows between Gulf states remain
+  small. "Capital markets in the Arab world are still in their
+  infancy," he said.
+      Nashashibi said lack of experience among Arab banks, a
+  paucity of financial instruments and a legal framework that
+  often does not recognise the western banking concept of
+  interest have hampered the growth of Arab markets.
+  
+
diff --git a/reuters/training/10634 b/reuters/training/10634
new file mode 100644
index 0000000000000000000000000000000000000000..fd4e659eecb06ee9e037889cc8b485754281a5f7
--- /dev/null
+++ b/reuters/training/10634
@@ -0,0 +1,11 @@
+CHINA FOREIGN RESERVES EXCEED 10 BILLION DLRS
+  China's foreign exchange reserves are
+  more than 10 billion dlrs, enough to cover import payments for
+  three to four months, Vice Premier Tian Jiyun said.
+      He told a news conference that China also has considerable
+  reserves of gold. He gave no figure.
+      The last published figure for foreign exchange reserves was
+  10.37 billion dlrs at end-September 1986, down from 10.47
+  billion at end-June and 12.59 billion at end-September 1985.
+  
+
diff --git a/reuters/training/10636 b/reuters/training/10636
new file mode 100644
index 0000000000000000000000000000000000000000..1cccdfb984c8936f4a479428a07e8f7c8c30555f
--- /dev/null
+++ b/reuters/training/10636
@@ -0,0 +1,21 @@
+ITALY RELAXES RESTRICTIONS ON LIRA IMPORTS
+  Italy is to modify restrictions limiting
+  the amount of lira cash that can be brought in and out of the
+  country, the Foreign Trade Ministry said.
+      A statement said Foreign Trade Minister Rino Formica has
+  signed a measure lifting currency regulations that currently
+  impose a 400,000 lire limit on the value of lira bank notes
+  that can be brought into Italy. It did not say when the new
+  measure would come into force.
+      In future, there will be no limit to the amount of lira
+  bank notes both residents and non-residents can bring into
+  Italy.
+      The statement said the 400,000 lire limit would remain for
+  Italian residents wishing to take cash out of the country, but
+  non-residents could re-export lira cash if they made
+  appropriate declarations at customs points.
+      It said the lifting of the restrictions "reinforces the
+  international status of the lira and meets the requirements
+  expressed several times by foreign exchange dealers."
+  
+
diff --git a/reuters/training/10638 b/reuters/training/10638
new file mode 100644
index 0000000000000000000000000000000000000000..8c0f4416feb54c579710c3366f6f1955065268d5
--- /dev/null
+++ b/reuters/training/10638
@@ -0,0 +1,14 @@
+ARAB FOREX ASSOCIATION ELECTS NEW CHAIRMAN
+  The Inter-Arab Cambist Association
+  (ICA) elected Abdullah al-Dakhil of Kuwait's Burgan Bank its
+  new chairman, succeeding Hani Ramadan of Beirut Riyad Bank for
+  a three-year term, ICA officials said
+      The annual meeting elected three Vice-Chairmen -- Ezzedine
+  Saidane of Banque Internationale Arabe de Tunis, Mohammed Osman
+  of Societe Bancaire du Liban and Walid Nasouli of Morgan
+  Guaranty Trust Co of New York.
+      Ibrahim Buhindi of the Saudi National Commercial Bank in
+  Bahrain and Imad Bata of Finance and Credit Corp of Jordan were
+  elected Secretary and Treasurer, respectively.
+  
+
diff --git a/reuters/training/10640 b/reuters/training/10640
new file mode 100644
index 0000000000000000000000000000000000000000..c5a063aa0dde4ce1e2234a5afe963160b3185d49
--- /dev/null
+++ b/reuters/training/10640
@@ -0,0 +1,29 @@
+COFFEE PRICES BAD NEWS FOR LATIN AMERICA -MINISTER
+  A senior Nicaraguan official said a
+  recent plunge in coffee prices was economically and politically
+  disastrous for Latin American coffee-producing countries.
+      Nicaraguan Foreign Trade Minister Alejandro Martinez Cuenca
+  was in London to brief International Coffee Organisation (ICO)
+  executive board producer members after a meeting last weekend
+  in Managua attended by eight Latin American coffee producers to
+  discuss the fall in coffee prices.
+      London coffee prices slid 300 stg per tonne in March, to
+  1,279 stg from 1,580 stg at end-February.
+      Martinez told reporters the price fall since the ICO failed
+  to agree export quotas on March 1 has had disastrous results on
+  Latin America, both economically and politically.
+      He urged continued negotiations among coffee producers to
+  pave the way for a coffee export quota agreement by September.
+      Coffee export quotas, used to regulate coffee prices under
+  an International Coffee Agreement, were suspended a year ago
+  when prices soared in response to a drought in Brazil.
+      Central American economic ministers have estimated the
+  region will lose 720 mln dlrs in foreign exchange earnings in
+  1987 if coffee prices are not rescued by a quota arrangement,
+  Martinez said.
+      He said ICO quota talks broke down last month because
+  consumer members lack the political will to fully support
+  commodity agreements, and because consumers tried to dictate to
+  producers.
+  
+
diff --git a/reuters/training/10641 b/reuters/training/10641
new file mode 100644
index 0000000000000000000000000000000000000000..3d82db0786a565688c552d951f8dc6824cf7ba7d
--- /dev/null
+++ b/reuters/training/10641
@@ -0,0 +1,22 @@
+TURKEY LIFTS SURVEY SHIP ESCORT AS TENSION ABATES
+  Turkey pulled warships back from close
+  escort of its Sismik 1 survey ship as the threat of conflict
+  with Greece over oil rights in the Aegean Sea abated.
+      The semi-official Anatolian Agency said naval vessels ended
+  their close protection of the ship as it continued work in
+  Turkish waters but were following it at a distance.
+      Popular newspapers headlined what they saw as Turkish
+  resolve and international pressure forcing Greece to pull back
+  from planned exploration in disputed international waters.
+      "Intense United States and NATO efforts bore fruit: Greece
+  will stay in its national waters," said the daily Gunes. The
+  top-selling Hurriyet topped its front page with: "Our resolute
+  stand made Greece see reason."
+      But two newspapers, Cumhuriyet and Milliyet, noted in
+  identical headlines -- "Crisis Frozen" -- that the basic
+  disagreement over exploration rights remained unsolved.
+      The confrontation eased after the Turkish government said
+  it had been assured Athens would not begin prospecting in
+  disputed waters.
+  
+
diff --git a/reuters/training/10642 b/reuters/training/10642
new file mode 100644
index 0000000000000000000000000000000000000000..6048f502f12538258568f89f9bea53fb1fb106ba
--- /dev/null
+++ b/reuters/training/10642
@@ -0,0 +1,56 @@
+TOKYO BIDS TO STOP CHIP ROW TURNING INTO TRADE WAR
+  Japan is seeking to prevent its computer
+  chips dispute with the U.S. From erupting into a full-scale
+  trade war, government officials said.
+      "We hope that the dispute on this specific issue won't have
+  an adverse effect on our overall relationship with the United
+  States," a Ministry of International Trade and Industry (MITI)
+  official said.
+       On Friday, Washington announced plans for as much as 300
+  mln dlrs in tariffs on Japanese electronic goods for Tokyo's
+  alleged failure to live up to a bilateral computer chip pact.
+      That agreement, reached last year after heated
+  negotiations, called on Japan to stop selling cut-price chips
+  in world markets and to buy more American-made semiconductors.
+      Foreign Ministry officials immediately tried to isolate the
+  fall-out from the dispute by seeking to separate it from Prime
+  Minister Yasuhiro Nakasone's planned trip to Washington at the
+  end of April.
+      While Japan has already done about all it can to make sure
+  the chip pact is working, the government is studying measures
+  it can take in other fields to defuse American anger and ensure
+  the trip's success, they said.
+      "The perception of Japan in the (U.S.) Congress is very bad,"
+  one official told Reuters. "We would very much like to do
+  something to respond to that."
+      In an apparent effort to prevent the chip dispute from
+  spreading to other areas, MITI officials sought to depict the
+  U.S. Action as a severe warning to Japanese semiconductor
+  makers, not to the government.
+      Faced with a belligerent domestic chip industry and an
+  angry American Congress, the Japanese government has been
+  forced to walk an increasingly fine line in the semiconductor
+  dispute, trade analysts said.
+      They said that it was an open secret that Japan's largest
+  chip maker, NEC Corp, was not happy with what it viewed as the
+  draconian measures MITI was taking to implement the pact,
+  included enforced production cuts.
+      The angry response of Japanese chip makers yesterday to the
+  announcement of the U.S. Tariffs highlighted the difficulties
+  the government faces in taking further action.
+      "Japanese semiconductor manufacturers have complied with the
+  U.S./Japan agreement," said Shoichi Saba, Chairman of the
+  Electronic Industries Association of Japan.
+      He accused the U.S. Of being "irrational." He said the U.S.
+  Action had made the bilateral chip pact "meaningless."
+      Saba's comments contrasted with those of Prime Minister
+  Yasuhiro Nakasone, who said Tokyo wanted to solve the dispute
+  through consultations.
+      Japan is expected to send a high-level official to
+  Washington early next month to try to convince the U.S. Not to
+  go ahead with the tariffs on April 17.
+      Trade analysts say Tokyo is likely to outline industry
+  plans to step up purchases of U.S. Chips and to propose a joint
+  investigation into Washington's allegations of chip dumping.
+  
+
diff --git a/reuters/training/10643 b/reuters/training/10643
new file mode 100644
index 0000000000000000000000000000000000000000..7b8dfc554df30fe4b8998d1e96f56f22e59b8cc8
--- /dev/null
+++ b/reuters/training/10643
@@ -0,0 +1,44 @@
+U.S. SEES MORE HARMONY IN TALKS WITH FRANCE
+  The U.S. Expects more harmonious
+  talks than usual during French Prime Minister Jacques Chirac's
+  first official visit this week as frequently rancorous disputes
+  between the two countries begin to fade.
+      "The Libyan bombing is a thing of the past, the trade war
+  didn't happen and we have reached reasonably good cooperation
+  on terrorism," one U.S. Official told Reuters.
+      "It looks like a reasonably harmonious visit in prospect,
+  more harmonious than usual."
+      Since taking office a year ago, Chirac has been obliged to
+  deal with a series of potentially serious disputes with the
+  United States.
+      During the U.S. Bombing of alleged terrorist targets in
+  Libya last April, France refused to allow British-based U.S.
+  Planes to overfly its territory, forcing them to take a
+  circuitous route. That angered Washington.
+      The U.S. Officials, who asked not to be identified, said a
+  year ago Washington felt the French were not taking strong
+  enough action against terrorism. "Now they are. We're pleased
+  and they are pleased that we are pleased," one said.
+      More recently, a dispute over U.S. Access to the grain
+  markets of Spain and Portugal after they joined the European
+  Community  threatened to become a trade war.
+      In retaliation for what Washington saw as deliberate
+  Community moves to exclude U.S. Grain, the United States was
+  poised to impose swingeing tariffs on European Community food
+  imports and a major trade war was averted at the last minute.
+      Last week, the forces of President Hissene Habre of Chad,
+  supported, trained and armed by Paris and Washington, scored a
+  major success by pushing Libyan troops out of their last bases
+  in northern Chad.
+      A French official added: "There is also a common interest in
+  getting Japan to cut its trade surplus with the rest of the
+  world by opening up its markets."
+      Although relations have improved markedly between the two
+  countries, many irritants remain. At the top of the list is the
+  Community's common agricultural policy (CAP).
+      To Washington, as one official put it, "CAP is the root of
+  all evil" in international food trade because it subsidises
+  farmers and sells vast amounts of excess produce at below world
+  prices, thereby eating into U.S. Markets.
+  
+
diff --git a/reuters/training/10644 b/reuters/training/10644
new file mode 100644
index 0000000000000000000000000000000000000000..d73de7d0b5a5c4452355f05d9cce0ae87f617087
--- /dev/null
+++ b/reuters/training/10644
@@ -0,0 +1,23 @@
+BANK FUER GEMEINWIRTSCHAFT AG <BKFG.F> YEAR 1986
+  Year ended December 31, 1986.
+      Group net profit 30 mln marks vs 35 mln.
+      Balance sheet total 61.50 billion marks vs 63.67 billion.
+      Credit volume 42.00 billion marks vs 43.15 billion.
+      Parent bank net profit 20 mln marks vs 20 mln.
+      Transfer to trades union holding co 80 mln marks vs 80 mln.
+      Payment to open reserves 20 mln marks vs 20 mln.
+      Balance sheet total 48.67 billion marks vs 49.01 billion.
+      Partial operating profit 182.6 mln marks vs 313.7 mln.
+      Interest surplus 897.9 mln marks vs 981.1 mln.
+      Surplus on commission 208.8 mln marks 188.1 mln.
+      Ordinary expenditure 969.7 mln marks vs 909.7 mln.
+      Earnings from subsidiaries through profit transfer
+  agreements 494.2 mln marks vs 54.2 mln.
+      Earnings from writing back provisions 326.5 mln marks vs
+  65.6 mln.
+      Published risk provisions 736.3 mln marks vs 224.0 mln.
+      Credit volume 32.63 billion marks vs 33.51 billion.
+      Group figures for 1986 exclude <BSV Bank fueer Sparanlagen
+  und Vermoegensbildung AG> which no longer consolidated.
+  
+
diff --git a/reuters/training/10648 b/reuters/training/10648
new file mode 100644
index 0000000000000000000000000000000000000000..514318387fb700a8998e61e5f328ef370e342076
--- /dev/null
+++ b/reuters/training/10648
@@ -0,0 +1,46 @@
+BFG PARTIAL OPERATING PROFITS FALL SHARPLY IN 1986
+  Bank fuer Gemeinwirtschaft AG
+  <BKFG.F>, BfG, partial operating profits fell to 182.6 mln
+  marks in 1986 from 313.7 mln in 1985, new majority shareholder
+  Aachener und Muenchener Beteiligungs-AG <AMVG.F>, AMB, said.
+      But total operating and extraordinary profits, including
+  earnings from currency and securities trading on the bank's own
+  account and earnings from the sale of holdings in other firms,
+  were more than double the previous year's level, AMB said.
+      BfG's 1986 accounts were included in a prospectus for AMB's
+  capital increase, which is to finance the insurance company's
+  acquisition of 50 pct plus one share of BfG.
+      Despite the fall in partial operating profits, BfG paid an
+  unchanged 20 mln marks into open reserves and transferred an
+  unchanged 80 mln marks to its trade union holding company,
+  <Beteiligungsgesellschaft fuer Gemeinwirtschaft AG>, from which
+  AMB has acquired the majority stake.
+      The bank has said its business last year suffered from the
+  turbulence around the troubled trade-union-owned housing
+  concern Neue Heimat.
+      AMB said the 500 mln mark drop in BfG's business volume to
+  50.1 billion marks affected the interest surplus.
+      The interest surplus, which fell to 897.9 mln marks from
+  981.1 mln, was also depressed by the 0.1 point fall in the
+  interest margin to 1.9 pct.
+      A rise in the surplus on commission to 208.8 mln marks from
+  188.1 mln was not enough to compensate for this.
+      The rise in total operating profits enabled BfG to step up
+  risk provisions, with country risks particularly emphasised
+  because of the continuing difficulties of some countries.
+      Disclosed risk provisions, which under West German
+  accounting rules do not necessarily reflect the full amount,
+  rose to 736.3 mln marks from 224.0 mln.
+      BfG's parent credit volume eased to 32.63 billion marks in
+  1986 from 33.51 billion. Foreign debtors accounted for 24 pct
+  of this credit volume, and Latin American debtors accounted for
+  14.7 pct of total lending to foreigners.
+      BfG posted extraordinary earnings from the sale of 25.01
+  pct of <Volksfuersorge Deutsche Lebensversicherung AG>, 74.9
+  pct of <BSV Bank fuer Sparanlagen und Vermoegensbildung AG> and
+  five pct of <Allgemeine Hypothekenbank AG>. The sale was linked
+  to AMB's acquisition of a majority of BfG.
+      These sales show up as 494.2 mln marks from profit transfer
+  agreements and 326.5 mln from writing back risk provisions.
+  
+
diff --git a/reuters/training/1065 b/reuters/training/1065
new file mode 100644
index 0000000000000000000000000000000000000000..82886a42b935127d2d233be94f70492d762e182d
--- /dev/null
+++ b/reuters/training/1065
@@ -0,0 +1,6 @@
+PILLSBURY CO <PSY> VOTES QUARTERLY DIVIDEND
+  Qtly div 25 cts vs 25 cts prior qtr
+      Pay 31 May
+      Record 1 May
+  
+
diff --git a/reuters/training/10650 b/reuters/training/10650
new file mode 100644
index 0000000000000000000000000000000000000000..bb5916c30b5086576aa22ad1ad930ada1d2cb664
--- /dev/null
+++ b/reuters/training/10650
@@ -0,0 +1,5 @@
+DOLLAR OPENS AT A RECORD LOW FOR TOKYO AT 145.80 YEN - DEALERS
+
+  DOLLAR OPENS AT A RECORD LOW FOR TOKYO AT 145.80 YEN - DEALERS
+  
+
diff --git a/reuters/training/10651 b/reuters/training/10651
new file mode 100644
index 0000000000000000000000000000000000000000..fcff17abff87b758b0f8702dee0e3f726c4fb6d3
--- /dev/null
+++ b/reuters/training/10651
@@ -0,0 +1,5 @@
+Bank of Japan intervenes, buys dollars around 145.90-95 yen -- Tokyo dealers
+
+  Bank of Japan intervenes, buys dollars around 145.90-95 yen -- Tokyo dealers
+  
+
diff --git a/reuters/training/10652 b/reuters/training/10652
new file mode 100644
index 0000000000000000000000000000000000000000..0ee7ed4c5581e74eeb0d5d6941d01ebca06c0c93
--- /dev/null
+++ b/reuters/training/10652
@@ -0,0 +1,5 @@
+DOLLAR FALLS BELOW 145.00 YEN IN TOKYO -- DEALERS
+
+  DOLLAR FALLS BELOW 145.00 YEN IN TOKYO -- DEALERS
+  
+
diff --git a/reuters/training/10653 b/reuters/training/10653
new file mode 100644
index 0000000000000000000000000000000000000000..4cd83617d0faf49c8dc98ca02495cf3145399f83
--- /dev/null
+++ b/reuters/training/10653
@@ -0,0 +1,5 @@
+BANK OF JAPAN ALREADY PURCHASED ONE BILLION DLRS IN MORNING INTERVENTION - DEALERS
+
+  BANK OF JAPAN ALREADY PURCHASED ONE BILLION DLRS IN MORNING INTERVENTION - DEALERS
+  
+
diff --git a/reuters/training/10654 b/reuters/training/10654
new file mode 100644
index 0000000000000000000000000000000000000000..211efc891d31efe70e09c87c5575e784391ad2db
--- /dev/null
+++ b/reuters/training/10654
@@ -0,0 +1,13 @@
+JAPAN CENTRAL BANK BUYS ONE BILLION DLRS IN TOKYO
+  The Bank of Japan has already purchased
+  more than one billion dlrs in intervention since the opening
+  and continues to buy the U.S. Currency, dealers said.
+      The central bank was supporting the dollar against the yen
+  amid heavy selling pressure from investment trusts and
+  securities houses which had pushed the dollar as low as 144.75
+  yen earlier this morning, they said.
+      The dollar recovered slightly from the intervention and was
+  trading around 145.00, they added.
+      It had opened in Tokyo at 145.80 yen.
+  
+
diff --git a/reuters/training/10657 b/reuters/training/10657
new file mode 100644
index 0000000000000000000000000000000000000000..2cc9942a37db28042135659430aad5c01c59f57e
--- /dev/null
+++ b/reuters/training/10657
@@ -0,0 +1,5 @@
+Sumita says he does not repeat not expect dollar to fall further.
+
+  Sumita says he does not repeat not expect dollar to fall further.
+  
+
diff --git a/reuters/training/10658 b/reuters/training/10658
new file mode 100644
index 0000000000000000000000000000000000000000..696ecaff46bc4c93056bea3073ee9478f86e55ae
--- /dev/null
+++ b/reuters/training/10658
@@ -0,0 +1,5 @@
+Japan will continue to cooperate with other nations to stabilize dlr, Sumita
+
+  Japan will continue to cooperate with other nations to stabilize dlr, Sumita
+  
+
diff --git a/reuters/training/10659 b/reuters/training/10659
new file mode 100644
index 0000000000000000000000000000000000000000..f46f13f50f28208b1eccb74d6850fa9e23e1a1bb
--- /dev/null
+++ b/reuters/training/10659
@@ -0,0 +1,19 @@
+SUMITA SAYS HE DOES NOT EXPECT FURTHER DOLLAR FALL
+  Bank of Japan governor Satoshi Sumita
+  said he does not expect the dollar to remain unstable and fall
+  further.
+      He told a Lower House Budget Committee in Parliament that
+  the Bank of Japan would continue to cooperate closely with
+  other major nations to stabilize exchange rates.
+      The central bank has been keeping extremely careful watch
+  on exchange rate movements since last week, he said.
+      He said the dollar would not continue to fall because of
+  underlying market concern about the rapid rise of the yen.
+      Sumita said the currency market has been reacting to
+  overseas statements and to trade tension between Japan and the
+  U.S. Over semiconductors.
+      The yen's tendency to rise will prevent Japan from
+  expanding domestic demand and undertaking necessary economic
+  restructuring, he said.
+  
+
diff --git a/reuters/training/1066 b/reuters/training/1066
new file mode 100644
index 0000000000000000000000000000000000000000..0e55f47429865f4e8692bddb35019acdc67cc628
--- /dev/null
+++ b/reuters/training/1066
@@ -0,0 +1,6 @@
+BERKSHIRE GAS CO <BGAS> PAYS REGULAR QTLRY DIV
+  Qtrly div 28.5 cts vs 28.5 cts
+      Pay April 15
+      Record March 31
+  
+
diff --git a/reuters/training/10660 b/reuters/training/10660
new file mode 100644
index 0000000000000000000000000000000000000000..e08e08d38d18ac44bff840e6ba5bcb053c719eed
--- /dev/null
+++ b/reuters/training/10660
@@ -0,0 +1,13 @@
+DLR FALLS ON FEAR TOKYO WON'T HIKE DEMAND-MIYAZAWA
+  Finance Minister Kiichi Miyazawa said
+  that the dollar's drop today to 145 yen is partly attributable
+  to the perception inside and outside Japan that the country has
+  failed to fulfill its promise to expand domestic demand.
+      He told a Lower House budget committee in Parliament that
+  it was natural for other nations to think that Japan is not
+  doing enough because of the delay in the passage of the 1987/88
+  budget.
+      The budget has been delayed by opposition boycotts of
+  Parliament to protest government plans for a new sales tax.
+  
+
diff --git a/reuters/training/10661 b/reuters/training/10661
new file mode 100644
index 0000000000000000000000000000000000000000..069dde30f21842a61aacc40e9e46ed87a8a6dcbd
--- /dev/null
+++ b/reuters/training/10661
@@ -0,0 +1,25 @@
+JAPAN CAREFULLY CONSIDERING MONEY POLICY -- SUMITA
+  Bank of Japan governor Satoshi Sumita
+  said the central bank will carefully consider its monetary
+  policy in light of the recent sharp fall of the dollar.
+      Asked if the Bank of Japan will consider a further cut in
+  its discount rate, he said he now thinks the bank will have to
+  carefully consider its future money policy.
+      He told a Lower House Budget Committee in Parliament that
+  credit conditions have been eased by the five discount rate
+  cuts by Japan since the beginning of last year.
+      Japan must now be especially careful about a flare-up in
+  inflation, with money supply growth accelerating, he said.
+      Sumita said the central bank would continue to make a
+  judgement on monetary policies while watching consumer prices,
+  exchange rates and economic and financial conditions both in
+  and outside Japan.
+      Asked if the September 1985 Plaza agreement was a failure
+  because the dollar had fallen too far, Sumita said he still
+  thought the pact was a good one in the sense that it had
+  corrected the overvaluation of the dollar. But the Plaza accord
+  did not set any target for the dollar's fall, he said.
+      The dollar's steep fall stems from the market's belief that
+  the trade imbalance will continue to expand, he said.
+  
+
diff --git a/reuters/training/10662 b/reuters/training/10662
new file mode 100644
index 0000000000000000000000000000000000000000..0d52936c406bf6394421359e44b0c7286585057a
--- /dev/null
+++ b/reuters/training/10662
@@ -0,0 +1,16 @@
+PERU SAYS NEW GOLD DEPOSITS WORTH 1.3 BILLION DLRS
+  President Alan Garcia said Peru has found
+  gold deposits worth an estimated 1.3 billion dlrs in a jungle
+  region near the Ecuadorean border about 1,000 km north of here.
+      He told reporters the deposits, located at four sites near
+  the town of San Ignasio, contained the equivalent of 100 tonnes
+  of gold.
+      Garcia said the government would soon install a two mln dlr
+  treatment plant at Tomaque. It will extract enough ore to
+  provide an estimated 25 mln dlr profit by the end of this year,
+  he added.
+      Garcia said the other gold-bearing deposits are located at
+  Tamborapa, Pachapidiana and a zone between the Cenepa and
+  Santiago rivers.
+  
+
diff --git a/reuters/training/10665 b/reuters/training/10665
new file mode 100644
index 0000000000000000000000000000000000000000..b3812cc3b5c80bd5dba0cc902afd99aa9ad4ef7f
--- /dev/null
+++ b/reuters/training/10665
@@ -0,0 +1,24 @@
+BALDRIGE PREDICTS END OF U.S.-JAPAN TRADE DISPUTE
+  The United States and Japan will
+  soon settle their trade dispute over semiconductors, U.S.
+  Commerce secretary Malcolm Baldrige said on television.
+      Baldrige, referring to the U.S.-Japan trade agreement on
+  semiconductors, said: "Their government wants to live up to it.
+  Their industries haven't been doing it, and I think we'll have
+  a good settlement to spare both sides."
+      "I think the Japanese understand full well that they haven't
+  lived up to this commitment," he said.
+      He added: "I do not think there will be a trade war at all."
+      On Friday, Washington announced plans to put as much as 300
+  mln dlrs in tariffs on Japanese electronic goods from April 17,
+  because of Tokyo's failure to observe the agreement.
+      The officials said the tariffs would be ended as soon as
+  Japan started adhering to the agreement. But they said there
+  was little chance Japan could react quickly enough to avert the
+  higher tariffs.
+      Baldrige said the Reagan administration hoped the strong
+  U.S. Action against Japan would convince Congress to tone down
+  protectionist trade legislation now being drafted.
+      He denied the action had been taken for that reason.
+  
+
diff --git a/reuters/training/10669 b/reuters/training/10669
new file mode 100644
index 0000000000000000000000000000000000000000..b3656038ff8ff8af843a1e1b30cedfe69269579e
--- /dev/null
+++ b/reuters/training/10669
@@ -0,0 +1,3 @@
+29-MAR-1987
+  29-MAR-1987
+
diff --git a/reuters/training/1067 b/reuters/training/1067
new file mode 100644
index 0000000000000000000000000000000000000000..966ec8fe73bb1742a0df80d51f7ff1bf8c5668c9
--- /dev/null
+++ b/reuters/training/1067
@@ -0,0 +1,25 @@
+U.K. WHEAT AND BARLEY EXPORTS ADJUSTED UPWARDS
+  The U.K. Exported 535,460 tonnes of wheat
+  and 336,750 tonnes of barley in January, the Home Grown Cereals
+  Authority (HGCA) said, quoting adjusted Customs and Excise
+  figures.
+      Based on the previous January figures issued on February 9,
+  wheat exports increased by nearly 64,000 tonnes and barley by
+  about 7,000 tonnes.
+      The new figures bring cumulative wheat exports for the
+  period July 1/February 13 to 2.99 mln tonnes, and barley to
+  2.96 mln compared with 1.25 and 1.89 mln tonnes respectively a
+  year ago.
+      January wheat exports comprised 251,000 tonnes to European
+  Community destinations and 284,000 tonnes to third countries.
+      The Soviet Union was prominent in third country
+  destinations, taking 167,700 tonnes while Poland was credited
+  with 54,500 and South Korea 50,000 tonnes. Italy was the
+  largest EC recipient with 75,000 tonnes followed by West
+  Germany with 55,200 and France 52,000 tonnes.
+      Barley exports for January comprised 103,700 tonnes to the
+  EC and 233,000 to third countries. The Soviet Union was the
+  largest single importer with 133,265 tonnes followed by Saudi
+  Arabia with 53,800 tonnes.
+  
+
diff --git a/reuters/training/10674 b/reuters/training/10674
new file mode 100644
index 0000000000000000000000000000000000000000..e7774b1fe34867dd66b5b2e913a5e3a4114391f6
--- /dev/null
+++ b/reuters/training/10674
@@ -0,0 +1,25 @@
+BTR NYLEX RAISES OFFER FOR BORG-WARNER AUSTRALIA
+  <BTR Nylex Ltd> said it will increase
+  its takeover offer for Borg-Warner Corp's <BOR> listed unit,
+  <Borg-Warner (Australia) Ltd> (BWA) to five dlrs each from four
+  dlrs for all issued ordinary and preference shares.
+      The new offer values the diversified auto parts
+  manufacturer's 27.22 mln ordinary shares and 13.22 mln first
+  participating preference shares at 202.2 mln dlrs.
+      Formal documents will be sent to shareholders as soon as
+  possible, it said in a brief statement.
+      BTR Nylex, which manufactures rubber and plastic products,
+  first bid for BWA in late January.
+      As previously reported, Borg-Warner Corp, which owns 65 pct
+  of BWA's ordinary shares and 100 pct of the preferences,
+  advised a month ago that it would not accept the offer.
+      This meant BTR Nylex's 50.1 pct acceptance condition could
+  not be met, BWA said in a statement reporting its parent's
+  decision.
+      BWA advised shareholders to ignore the offer and said other
+  parties had expressed interest in bidding for it.
+      But no other bid has yet emerged.
+      BTR Nylex is a 59.5 pct-owned listed subsidiary of
+  Britain's BTR Plc <BTRX.LON>.
+  
+
diff --git a/reuters/training/10676 b/reuters/training/10676
new file mode 100644
index 0000000000000000000000000000000000000000..d28783fbd1bf11cc2d7c334f1a3e4cb2217f8d3d
--- /dev/null
+++ b/reuters/training/10676
@@ -0,0 +1,44 @@
+INVESTOR GROUP PUTS PRESSURE ON GENCORP <GY>
+  An investor group trying to acquire
+  GenCorp Inc said it would move to unseat the board of directors
+  and take other action if GenCorp refuses to discuss a 2.3
+  billion dlr takeover bid.
+      General Acquisition Co, a partnership of Wagner and Brown
+  and AFG Industries Inc <AFG>, reiterated in a statement sent to
+  GenCorp on Friday that it was willing to negotiate its earlier
+  offer of 100 dlrs a share for the tire, broadcasting, plastics
+  and aerospace conglomerate.
+      Analysts have speculated GenCorp could fetch at least 110
+  to 120 dlrs per share if broken up.
+      GenCorp officials declined to comment on the statement, but
+  a spokesman reiterated a request to shareholders to wait until
+  the board renders an opinion before making a decision on the
+  offer. GenCorp has said a statement would be made on or before
+  the company's annual meeting on Tuesday.
+      General Acquisition said the board could not carry out its
+  duties to shareholders and make an informed decision until it
+  has, "... Explored with us the ways in which our offer can be
+  revised to provide greater value to your shareholders."
+      General Acquisition added it was aware the board may be
+  reviewing alternative transactions, which might provide GenCorp
+  shareholders with a payment other than cash.
+      "If that is the case, you should recognise that our
+  additional equity capital may very well enable us to offer cash
+  and securities having greater value than GenCorp could provide
+  in any similarly structured transaction," it said.
+      It added GenCorp's board had an obligation to present any
+  alternative proposal to shareholders in a way that allowed
+  competing offers.
+      General Acquisition requested it be given a chance to bid
+  on a competitive and fair basis before any final decision was
+  made on any other buyout proposal.
+      The statement repeated the request GenCorp remove a "poison
+  pill" preferred share purchase rights to shareholders, making
+  any takeover more expensive.
+      It said it might take legal action, or seek the support of
+  shareholders in calling a special meeting to replace the board
+  and consider other proposals.
+      GenCorp should not accept any other proposal containing
+  defensive features, it said.
+  
+
diff --git a/reuters/training/10678 b/reuters/training/10678
new file mode 100644
index 0000000000000000000000000000000000000000..faf810cc1d234bfb058edc4b969541f6d08979ba
--- /dev/null
+++ b/reuters/training/10678
@@ -0,0 +1,14 @@
+SUMITOMO MINING <SMIT.T> RAISES NICKEL OUTPUT
+  Sumitomo Metal Mining Co said it will
+  raise its monthly nickel output to around 1,750 tonnes from
+  April 1 from 1,650 now because of increased domestic demand,
+  mainly from stainless steel makers.
+      Sumitomo produced 1,800 tonnes of a nickel a month until
+  end-1986, but cut output in January because of stagnant demand,
+  a company official said.
+      Calendar 1987 production is likely to fall to around 20,000
+  tonnes from 22,000 in 1986 as a result of the first quarter
+  reduction, he said.
+      Sumitomo is Japan's only nickel producer.
+  
+
diff --git a/reuters/training/10679 b/reuters/training/10679
new file mode 100644
index 0000000000000000000000000000000000000000..96caf0e2e6e31966160b28d6a17931f1e957d966
--- /dev/null
+++ b/reuters/training/10679
@@ -0,0 +1,5 @@
+Nakasone says major nations committed in Paris to stable dlr above 150 yen
+
+  Nakasone says major nations committed in Paris to stable dlr above 150 yen
+  
+
diff --git a/reuters/training/1068 b/reuters/training/1068
new file mode 100644
index 0000000000000000000000000000000000000000..774e627395236e4221637a9ea93f3fd3718daf89
--- /dev/null
+++ b/reuters/training/1068
@@ -0,0 +1,19 @@
+CANADA GDP RISES 3.1 PCT IN 1986
+  Canada's real gross domestic product,
+  seasonally adjusted, rose 1.1 pct in the fourth quarter of
+  1986, the same as the growth as in the previous quarter,
+  Statistics Canada said.
+      That left growth for the full year at 3.1 pct, which is
+  down from 1985's four pct increase.
+      The rise was also slightly below the 3.3 pct growth rate
+  Finance Minister Michael Wilson predicted for 1986 in
+  February's budget. He also forecast GDP would rise 2.8 pct in
+  1987.
+      Statistics Canada said final domestic demand rose 0.6 pct
+  in the final three months of the year after a 1.0 pct gain in
+  the third quarter.
+      Business investment in plant and equipment rose 0.8 pct in
+  the fourth quarter, partly reversing the cumulative drop of 5.8
+  pct in the two previous quarters.
+  
+
diff --git a/reuters/training/10681 b/reuters/training/10681
new file mode 100644
index 0000000000000000000000000000000000000000..51d08ff93c2b161f5954ba319988a0677ddb6f62
--- /dev/null
+++ b/reuters/training/10681
@@ -0,0 +1,5 @@
+Miyazawa says major nations have intervened aggressively since dlr fell below 150 yen
+
+  Miyazawa says major nations have intervened aggressively since dlr fell below 150 yen
+  
+
diff --git a/reuters/training/10682 b/reuters/training/10682
new file mode 100644
index 0000000000000000000000000000000000000000..4d97963686956a3ba2676c7a3dd6ffcb862897d8
--- /dev/null
+++ b/reuters/training/10682
@@ -0,0 +1,12 @@
+PATON REPORTS U.S. GREEN COFFEE ROASTINGS HIGHER
+  U.S. roastings of green coffee in the
+  week ended March 21 were about 250,000 (60-kilo) bags,
+  including that used for soluble production, compared with
+  195,000 bags in the corresponding week of last year and about
+  300,000 bags in the week ended March 14, George Gordon Paton
+  and Co Inc reported.
+      It said cumulative roastings for calendar 1987 now total
+  3,845,000 bags, compared with 4,070,000 bags by this time last
+  year.
+  
+
diff --git a/reuters/training/10684 b/reuters/training/10684
new file mode 100644
index 0000000000000000000000000000000000000000..fa02cd83b89d065a34f51a8d3f5440d024edd31b
--- /dev/null
+++ b/reuters/training/10684
@@ -0,0 +1,24 @@
+G-6 WANTS TO HOLD DLR ABOVE 150 YEN - NAKASONE
+  Prime Minister Yasuhiro Nakasone said
+  that Japan and other industrialized nations committed
+  themselves in Paris last month to stabilize the dollar above
+  150 yen.
+      He told a Lower House Budget Committee in Parliament that
+  the six nations have taken measures, including market
+  intervention, to support the dollar above that level.
+      Finance Minister Kiichi Miyazawa told the same committee
+  that the six - Britain, Canada, France, Japan, the U.S. And
+  West Germany - had intervened aggressively since the dollar
+  fell below 150 yen.
+      Miyazawa said major nations are trying hard to stabilize
+  exchange rates.
+      Asked if there had been any change in the fundamentals of
+  each nation since the February 22 Paris accord, he said he did
+  not think the fundamentals themselves had changed
+  substantially.
+      But he said the market is sensitively looking at what is
+  happening in major nations. He did not elaborate.
+      Miyazawa added that it was difficult to say why there has
+  been such speculative dollar selling in the market.
+  
+
diff --git a/reuters/training/10685 b/reuters/training/10685
new file mode 100644
index 0000000000000000000000000000000000000000..16a63ed30723a8a41b644ac918d2394b5ba4f630
--- /dev/null
+++ b/reuters/training/10685
@@ -0,0 +1,5 @@
+BASF 1986 world group pre-tax profit 2.63 billion marks vs 3.04 billion
+
+  BASF 1986 world group pre-tax profit 2.63 billion marks vs 3.04 billion
+  
+
diff --git a/reuters/training/10687 b/reuters/training/10687
new file mode 100644
index 0000000000000000000000000000000000000000..3eaa12064e96bb61ccb29feb7eaef322ffad0c8c
--- /dev/null
+++ b/reuters/training/10687
@@ -0,0 +1,25 @@
+AUSTRALIAN SUGAR AREAS SAID RECEIVING SOME RAIN
+  Dry areas of the Australian sugar cane
+  belt along the Queensland coast have been receiving just enough
+  rain to sustain the 1987 crop, an Australian Sugar Producers
+  Association spokesman said.
+      The industry is not as worried as it was two weeks ago, but
+  rainfall is still below normal and good soaking rains are
+  needed in some areas, notably in the Burdekin and Mackay
+  regions, he said from Brisbane.
+      Elsewhere, in the far north and the far south of the state
+  and in northern New South Wales, the cane crop is looking very
+  good after heavy falls this month, he said.
+      The spokesman said it is still too early to tell what
+  effect the dry weather will have on the size of the crop, which
+  is harvested from around June to December.
+      He said frequent but light falls in the areas that are
+  short of moisture, such as Mackay, mean they really only need
+  about three days of the region's heavy tropical rains to
+  restore normal moisture to the cane.
+      But rainfall in the next two or three weeks will be crucial
+  to the size of the crop in the dry areas, he said.
+      "It's certainly not a disastrous crop at this stage but it
+  might be in a month without some good falls," he said.
+  
+
diff --git a/reuters/training/10688 b/reuters/training/10688
new file mode 100644
index 0000000000000000000000000000000000000000..2629816d97481e8c6c6f1ac735783428616d4af5
--- /dev/null
+++ b/reuters/training/10688
@@ -0,0 +1,14 @@
+BASF AG <BASF.F> 1986 YEAR
+  Year to December 31.
+      World group pre-tax profit 2.63 billion marks vs 3.04
+  billion.
+      World group turnover 40.47 billion vs 44.38 billion.
+      World group investment in fixed assets 2.66 billion vs 2.46
+  billion.
+      Parent company pre-tax profit 1.97 billion vs 1.91 billion.
+      Parent turnover 18.72 billion vs 20.46 billion.
+      Parent domestic turnover 7.10 billion vs 8.14 billion.
+      Parent foreign turnover 11.62 billion vs 12.32 billion.
+      Parent investment in fixed assets 1.14 billion vs 884 mln.
+  
+
diff --git a/reuters/training/10689 b/reuters/training/10689
new file mode 100644
index 0000000000000000000000000000000000000000..4263ab56ebd84a47ee4aaf5f81fefd5ee850d21c
--- /dev/null
+++ b/reuters/training/10689
@@ -0,0 +1,86 @@
+JAPAN ISOLATED, YEN RISES, WORLD FEELS CHEATED
+  Japan is becoming dangerously isolated
+  again as the U.S. And Europe feel they have been cheated by
+  Japanese promises to switch from export to domestic-led growth,
+  officials and businessmen from around the world said.
+      As the dollar today slipped to a record low below 145 yen,
+  making Japanese exporters and holders of dollar investments
+  grit their teeth harder, Finance Minister Kiichi Miyazawa said
+  there was a perception Japan had reneged on its promise.
+      The problem goes deep and centres on misunderstandings by
+  both sides over the key Maekawa report of April, last year.
+      The document was prepared by a private committee formed by
+  Prime Minister Yasuhiro Nakasone and led by former Bank of
+  Japan head Haruo Maekawa. It recommended that to stop friction
+  due to its large trade surpluses, Japan must "make a historical
+  transformation in its traditional policies on economic
+  management and the nation's lifestyle. There can be no further
+  development for Japan without this transformation."
+      Americans and Europeans took the report to heart and have
+  looked in vain for clear signs of this historic change. But the
+  Japanese remain doubtful about the short, or even medium term
+  prospects of totally transforming their economic habits.
+      The bubble of frustration against what appears as Japanese
+  prevarication burst last week. The U.S. Said it intended to
+  raise tariffs of as much as 300 mln dlrs on Japanese exports to
+  the U.S. On the grounds Japan had abrogated a bilateral
+  semiconductor pact.
+      British Prime Minister Margaret Thatcher threatened to
+  block Japanese financial firms from London after the Japanese
+  placed what the British say are restrictive conditions on a bid
+  by British firm Cable and Wireless to join a domestic
+  telecommunications joint venture.
+      On Friday, European currency dealers said European central
+  banks, annoyed at restrictive Japanese trade practises, might
+  leave Japan alone to intervene to staunch the rise of the yen.
+      Eishiro Saito, head of top Japanese business group
+  Keidanren, spotted the dangers inherent in such contradictory
+  views last November when he visited the European Community.
+  "Related to this matter of (trade) imbalance, the point that I
+  found to be of great cause for alarm during this trip to Europe
+  was the excessive degree of hope placed by the Europeans in the
+  results of the Maekawa report," he said.
+      "We explained that the process of restructuring the economy
+  away from its dependence on exports toward a balance between
+  domestic and external demand...Would take time," Saito said.
+      Saito's words were ignored. In February, EC Industrial
+  Policy Director Heinrich von Moltke came to Japan and said "I
+  only know that your government, under the leadership of
+  Maekawa, points to restructuring your economy into a less
+  outward looking, more inward looking one. It is the Maekawa
+  report which has attracted the most attention in Europe."
+      And Europeans and Americans want quick action. "A far better
+  answer than protectionism would be structural change within the
+  Japanese economy, the kind suggested by the Maekawa report. And
+  we hope to see changes occur in the near future," visiting
+  Chairman of General Motors Roger Smith said in March.
+      Such expectations are now ingrained, which was partly the
+  fault of Nakasone, who heralded Maekawa's report as a sea of
+  change in Japanese affairs, said U.S. Officials.
+      Months before the report was issued, U.S. And EC business
+  leaders met their Japanese colleagues to discuss the trade
+  problem.
+      "We are more anxious than ever that the new approach of the
+  Maekawa committee does lead to speedy and effective action,"
+  said EC Industrial Union leader Lord Ray Pennock.
+      "The important implication of the Maekawa report is that it
+  is finally looking to let Japanese enjoy the fruits of their
+  labour," said Philip Caldwell, Senior Managing Director of
+  Shearson Lehman Brothers.
+      Contents of the report were leaded well ahead of issuance.
+      Japanese officials say they are implementing the report as
+  fast as they can, said a European ambassador who has travelled
+  the country asking about this issue.
+      He said People mentioned many things in line with the
+  spirit of the report, including restructuring of the coal and
+  steel industries.
+      A major misunderstanding is that the private report was
+  government policy. Europeans are confused about this,
+  underlined by von Moltke's reference to the "leadership" of the
+  Maekawa report. Even so, Japanese officials point to last
+  September's government programme of new economic measures.
+  "Without endorsing the report as policy, officials point out
+  that the government has put its signature to a programme
+  designed to implement the report," the ambassador said.
+  
+
diff --git a/reuters/training/1069 b/reuters/training/1069
new file mode 100644
index 0000000000000000000000000000000000000000..b4edb640972dfc120828bfa677a1856d79b94ff7
--- /dev/null
+++ b/reuters/training/1069
@@ -0,0 +1,21 @@
+EAST EUROPE WHEAT WINTERKILL POSSIBLE, ACCU SAYS
+  Winter wheat crops in the
+  western Soviet Union, Poland and eastern Czechoslovakia through
+  northern Romania may suffer some winterkill over the next two
+  nights, private forecaster Accu-Weather Inc said.
+      Western USSR winter wheat areas have had only light and
+  spotty snow and winterkill is possible tonight and tomorrow
+  night as temperatures drop to minus 10 to 0 degrees F.
+      Snow cover is scant in Poland, with only about 50 pct of
+  the winter wheat areas reporting one to two inches of snow as
+  of this morning.
+      The remaining 50 pct of winter wheat crops do not have snow
+  cover, making winterkill possible on each of the next two
+  nights. Lowest temperatures will be minus 10 to 0 degrees F.
+      Winter wheat areas from eastern Czechoslovakia through
+  northern Romania had light snow flurries yesterday and last
+  night, but amounts were an inch or less. With temperatures
+  expected to fall to near 0 degrees F over the next two nights,
+  some light winterkill is possible, Accu-Weather added.
+  
+
diff --git a/reuters/training/10692 b/reuters/training/10692
new file mode 100644
index 0000000000000000000000000000000000000000..87d8b4d6529e1dbba03f496d1f14107e8327dd52
--- /dev/null
+++ b/reuters/training/10692
@@ -0,0 +1,5 @@
+Woolworth Holdings says it bidding 244 mln stg for Superdrug stores
+
+  Woolworth Holdings says it bidding 244 mln stg for Superdrug stores
+  
+
diff --git a/reuters/training/10693 b/reuters/training/10693
new file mode 100644
index 0000000000000000000000000000000000000000..d178c39210bf2f63146b155fcb56c9765fcd388f
--- /dev/null
+++ b/reuters/training/10693
@@ -0,0 +1,41 @@
+INDONESIA LIMITS OIL PRICE IMPACT-FINANCE MINISTER
+  Indonesia has minimised the economic
+  impact of falling oil prices, kept inflation within limits and
+  boosted exports, Finance Minister Radius Prawiro said.
+      Indonesia was badly hit by last year's steep plunge in
+  crude prices, which cut revenue from oil exports by half.
+      But Prawiro was quoted by Indonesian newspapers as telling
+  President Suharto that inflation was kept to around nine pct in
+  the financial year ending tomorrow, against around 4.3 pct the
+  previous year.
+      Exports were estimated to have risen by seven pct, he said,
+  although he did not give complete figures.
+      The depressed economy forms the main backdrop to general
+  elections next month in Indonesia, a major producer of rubber,
+  palm oil, tin, timber and coffee.
+      Prawiro said 1986/87 had also been difficult because of the
+  appreciation of currencies like the yen and the mark against
+  the dollar, which increased Indonesia's debt repayments.
+      He said the economy would have suffered more from the world
+  economic recession if the government had not devalued the
+  rupiah by 31 pct last September.
+      In an editorial on the economic outlook, the Jakarta Post
+  said the government must press ahead with measures to
+  deregulate the economy to help boost non-oil exports.
+      The English-language daily said bigger export earnings were
+  needed to finance not only imports but also the country's
+  growing foreign debt, estimated at around 37 billion dlrs.
+      "About 50 pct of our foreign debt obligations fall due
+  within the next three to five years and will steadily increase
+  the debt servicing burden," the paper said.
+      However, end-investors were seen bargain hunting in
+  expectation of a further yen interest rate decline, dealers
+  said.
+      Most dealers were cautious in the face of the dollar's
+  nosedive today and the possibility of a U.S. Interest rate
+  rebound to halt further dollar depreciation.
+      A 4.7 pct coupon and volume of 1,400 billion yen for the
+  April 10-year bond proposed by the Finance Ministry this
+  afternoon were taken favourably by the market.
+  
+
diff --git a/reuters/training/10694 b/reuters/training/10694
new file mode 100644
index 0000000000000000000000000000000000000000..ffde019dee782c31c90066f49257932344c413e5
--- /dev/null
+++ b/reuters/training/10694
@@ -0,0 +1,30 @@
+WOOLWORTH BIDS 244 MLN STG FOR SUPERDRUG
+  Woolworth Holdings Plc <WLUK.L> said it
+  would make a 244 mln stg agreed bid for <Superdrug Stores Plc>
+  valuing the company's shares at about 696p each.
+      The offer would be made on the basis of 17 new Woolworth
+  ordinary shares for every 20 in Superdrug.
+      Woolworth said it had received acceptances from the holders
+  of 61 pct of Superdrug shares.
+      The bid is Woolworth's second attempt in recent months to
+  acquire a retail chemist chain. Earlier this year it negotiated
+  a possible bid for <Underwoods Plc> buit the talks were broken
+  off two weeks ago.
+      Full acceptance of the offer would involve the issue of
+  about 29.8 mln new Woolworth shares, or 14 pct of the enlarged
+  share capital. A cash alternative would offer 646p for each
+  share in Superdrug. Members of the Goldstein family have
+  accepted the offer for 11.7 mln shares, which have not been
+  underwritten.
+      Another major shareholder, Rite Aid Corp's Rite Investments
+  Corp unit, had accepted the offer for 9.9 mln shares, and would
+  take the cash alternative for 9.0 mln of these.
+      In the year to end-January, Woolworth reported pretax
+  profits sharply higher at 115.3 mln stg after 81.3 mln
+  previously.
+      In the year to end-February, Superdrug reported pretax
+  profits of 12.26 mln after 10.36 mln previously on turnover
+  that rose to 202.9 mln from 164.3 mln. Superdrug shares firmed
+  to 670p from 480p on Friday. Woolworth eased to 813p from 830p.
+  
+
diff --git a/reuters/training/10695 b/reuters/training/10695
new file mode 100644
index 0000000000000000000000000000000000000000..7a2cad1910f04ac9020a418c0ba4f9e89f02b84e
--- /dev/null
+++ b/reuters/training/10695
@@ -0,0 +1,56 @@
+JAPAN HAS LITTLE NEW TO OFFER IN MICROCHIP DISPUTE
+  The Japanese government appears to have
+  little new to offer to settle a dispute with the U.S. Over
+  computer chips, trade analysts and government officials said.
+      The U.S. Has threatened to impose tariffs worth up to 300
+  mln dlrs on Japanese electronics exports to the U.S., In
+  retaliation for Japan's alleged failure to keep a pact on the
+  microchip trade signed last September.
+      A Foreign Ministry official told Reuters "Japan has done
+  what it can, and now we must persuade the United States to wait
+  for those steps to take effect."
+      The U.S. Alleges that, in defiance of the September
+  agreement, Japan is still selling microchips at below cost in
+  non-U.S. Markets and refusing to open Japan further to U.S.
+  Chip sales. U.S. Tariffs are due to take effect on April 17.
+       Analysts noted Japan's Ministry of International Trade and
+  Industry (MITI) has already ordered chipmakers to cut
+  production in order to dry up the source of cheap chips sold in
+  third countries at non-regulated prices.
+      "I'm not sure MITI can do much more than it has," said
+  Jardine Fleming (Securities) Ltd analyst Nick Edwards.
+      A MITI official said the Ministry was not planning to call
+  for production cuts beyond those already sought, although it
+  would continue to press chip users to buy more foreign goods.
+      Spokesmen for some Japanese electronics firms said they
+  would consider buying more U.S. Chips. But a Matsushita
+  Electric Industrial Co spokesman said a rapid increase in
+  imports was not likely.
+      Most analysts said Japanese exporters would be hard hit if
+  the United States did implement the tariffs, which would be
+  levied on consumer electronics products rather than on
+  microchips themselves.
+      "If the tariffs remain in place for any length of time,
+  there will be complete erosion of exports to the United States,"
+  said Tom Murtha, analyst at James Capel and Co.
+      "The Japanese electronics industry is too powerful to be
+  stopped altogether, but recovery for the industry will be
+  delayed for another year," he said.
+      Some analysts said tariffs would also harm U.S. Industry by
+  stepping up offshore production and by reducing demand in Japan
+  for semiconductors U.S. Firms are trying to sell here.
+      "The American approach is full of contradictions," Jardine
+  Fleming's Edwards said.
+      "If they want to expand (U.S.) exports, the last thing they
+  want to do is hit the makers of the final products because that
+  hurts the final market," Edwards said.
+      But other analysts said the dispute reflects not just U.S.
+  Concern over what it sees as a strategic industry, but also
+  frustration with Japan's vast trade surplus. Some analysts
+  argued that to solve the semiconductor problem Japan may have
+  to take action beyond that pledged in the semiconductor pact.
+      Carole Ryavec, an analyst at Salomon Brothers Asia Ltd,
+  said "The major overall issue is to stimulate the domestic
+  economy and move away from an export-dependent economy."
+  
+
diff --git a/reuters/training/10696 b/reuters/training/10696
new file mode 100644
index 0000000000000000000000000000000000000000..c3167c17aed2174c1641b65103f59cc635eac6f7
--- /dev/null
+++ b/reuters/training/10696
@@ -0,0 +1,33 @@
+H.K. DEALERS SAY NAKASONE G-6 COMMENT TOO LATE
+  Remarks by Japan's Prime Minister
+  Yasuhiro Nakasone that last month's G-6 meeting agreed to
+  stabilize the dollar above 150 yen have come too late to
+  influence currency trading, dealers said.
+      After Nakasone's statement the dollar rose to 146.40/50 yen
+  from an initial low of 144.20/40 and New York's Friday finish
+  of 147.15/25. But the rebound was largely on short-covering,
+  they said.
+      "I think (Nakasone's) desperate," said a U.S. Bank foreign
+  exchange manager.
+      Nakasone told a Lower House Budget Committee in Parliament
+  that Japan and other industrialized nations committed
+  themselves in Paris last month to stabilize the dollar above
+  150 yen.
+      Finance Minister Kiichi Miyazawa told the same committee
+  that the six - Britain, Canada, France, Japan, the U.S. And
+  West Germany - had intervened aggressively since the dollar
+  fell below 150 yen.
+      "His (Nakasone) remarks should have been made and should
+  have had a bigger influence when the dollar was still above 150
+  yen," said P.S. Tam of Morgan Guaranty Trust.
+      Tam said the dollar has hit short-term chart targets  and
+  is likely to rebound. But he warned of another dip to below 145
+  yen.
+      Dealers said the worsening trade relations between the U.S.
+  And Japan will continue to depress the dollar.
+      The trade issue has now become a political issue since the
+  Reagan Administration is facing uproar in Congress over
+  th3pYgks in cutting the country's 169.8 billion dlr trade
+  deficit, they said.
+  
+
diff --git a/reuters/training/10699 b/reuters/training/10699
new file mode 100644
index 0000000000000000000000000000000000000000..90ec44613201e3b0ec87067e64cba85c7076b690
--- /dev/null
+++ b/reuters/training/10699
@@ -0,0 +1,10 @@
+ARBED SA <ARBB.BR> YEAR 1986
+  Net profit 890 mln Luxembourg francs
+  vs 1.12 billion.
+      Turnover 57.8 billion francs vs 65.3 billion.
+      Cash flow 5.72 billion francs vs 6.70 billion.
+      Steel production 3.74 mln tonnes, down seven pct.
+      Board will decide on April 24 whether to pay a dividend. No
+  dividend has been paid since 1984.
+  
+
diff --git a/reuters/training/1070 b/reuters/training/1070
new file mode 100644
index 0000000000000000000000000000000000000000..89005f9ab1340e8c138893c23371c50b0bc02ba2
--- /dev/null
+++ b/reuters/training/1070
@@ -0,0 +1,10 @@
+CHARMING SHOPPES INC <CHRS> 4TH QTR JAN 31 NET
+  Shr 28 cts vs 22 cts
+      Net 14 mln vs 10.6 mln
+      Revs 163.8 mln vs 127.3 mln
+      Year
+      Shr 81 cts vs 59 cts
+      Net 40.5 mln vs 28.7 mln
+      Revs 521.2 mln vs 391.6 mln
+  
+
diff --git a/reuters/training/10701 b/reuters/training/10701
new file mode 100644
index 0000000000000000000000000000000000000000..19fcff0805b4b8d6ad32efa38e7b0ed2c36a8fe9
--- /dev/null
+++ b/reuters/training/10701
@@ -0,0 +1,25 @@
+JAPAN ACTIVELY BOUGHT U.S. CORN LAST WEEK - TRADE
+  Japanese feed and starch makers actively
+  bought U.S. Corn last week, C and F basis, for July/September
+  shipment in view of bullish freight rates following active
+  inquiries by the Soviet Union, trade sources said.
+      Some said the makers were seen buying some 30 pct of their
+  requirements, estimated at about three mln tonnes for the
+  three-month shipment period.
+      "Belief is growing that freight rates will not decline
+  sharply from current high levels even in the usually sluggish
+  summer season because the Soviet Union's chartering is seen
+  continuing five to seven months from April," one source said.
+      The sources said Japanese trading houses were seen covering
+  a total of 500,000 tonnes of Chinese corn for shipment in May
+  to October. But they are believed to have not yet sold most of
+  the corn to end-users in anticipation of further corn price
+  rises in the world market.
+      Supply from Argentina and South Africa for July/September
+  is still uncertain. But the sources forecast supplies from
+  Argentina may fall to 400,000 to 500,000 tonnes from an
+  anticipated 800,000 in calendar 1987 and from South Africa to
+  700,000 to 800,000 tonnes from an estimated one mln in light of
+  tighter export availability.
+  
+
diff --git a/reuters/training/10702 b/reuters/training/10702
new file mode 100644
index 0000000000000000000000000000000000000000..87e7c645227a317ef6ca8f010fa994c4ed0c970c
--- /dev/null
+++ b/reuters/training/10702
@@ -0,0 +1,25 @@
+ARBED SEES NEED TO MAINTAIN PRESSURE ON COSTS
+  The recent deterioration in the
+  steel market makes it important for Arbed SA <ARBB.BR> to
+  maintain efforts to reduce costs, the company said in a
+  statement.
+      It reported that its competitive position had weakened
+  considerably in the second half of 1986, leading to a seven pct
+  cut in steel output over the whole of the year to 3.74 mln
+  tonnes.
+      Arbed had managed to make a 890 mln franc net profit,
+  slightly down from the 1.12 billion profit in 1985, thanks to
+  lower raw material costs and prudent management, the company
+  said.
+      Arbed said the early months of 1987 had seen the market
+  deteriorate further, but the decision of the European Community
+  to maintain anti-crisis measures, at least provisionally,
+  should under normal circumstances have a beneficial effect.
+      EC ministers have agreed to extend a quota production
+  system while discussions continue on an industry plan for
+  capacity reductions.
+      Arbed said in current conditions, cost cutting efforts
+  remain necessary to avoid any weakening of resources which have
+  been built up over the last three years.
+  
+
diff --git a/reuters/training/10703 b/reuters/training/10703
new file mode 100644
index 0000000000000000000000000000000000000000..c79ec7b84a4c38f7c97836cf5fc11761b370cdf5
--- /dev/null
+++ b/reuters/training/10703
@@ -0,0 +1,36 @@
+BASF <BASF.F> SAYS 1986 RESULTS AFFECTED BY DLR
+  BASF AG said
+  the volatile currency situation last year, particularly the
+  fall of the dollar, led to sharp drops in turnover denominated
+  in marks and to price reductions for exports from domestic
+  production.
+      But in a statement accompanying year-end figures, the group
+  said it expected satisfactory business development over the
+  next months. "At the moment we do not expect any extraordinary
+  influences such as there were last year," it said. Orders in
+  hand and incoming orders were steady at a high level.
+      BASF reported 13.6 pct lower 1986 world group pre-tax
+  profit at 2.63 billion marks compared to 1985.
+      The unusual situation on the crude oil market last year
+  also produced a clear sales slide in the oil and gas sector and
+  forced price declines for petrochemical products, BASF said.
+      The fall in pre-tax profit corresponded to the losses on
+  stocks in the oil and gas sector at the beginning of 1986. In
+  the parent company, the positive earnings development
+  continued, it said, where pre-tax profit rose by 3.2 pct to
+  1.97 billion marks. The decline in parent company turnover was
+  balanced out by increased capacity use and price declines in
+  raw materials. 
+      In 1986, world group turnover was off 8.8 pct at 40.47
+  billion marks compared to 1985, BASF said. Parent turnover fell
+  8.5 pct to 18.72 billion.
+      Turnover increases, with the exceptions of the sectors fine
+  chemicals and informations systems, had only been achieved in
+  those areas widened last year through acquisition in 1985.
+      Results from these had been taken only partly into the
+  fourth quarter of that year but fully included in 1986 data.
+      So far in the current year, the investment volume of the
+  parent company and the world group is exceeding that in 1986,
+  BASF said, without giving concrete figures.
+  
+
diff --git a/reuters/training/10704 b/reuters/training/10704
new file mode 100644
index 0000000000000000000000000000000000000000..bf90cce939a7fbde12e18a73e8036a71d7d7c0ca
--- /dev/null
+++ b/reuters/training/10704
@@ -0,0 +1,44 @@
+BAHRAIN INTRODUCES NEW MONEY MARKET REGIME
+  Bahrain is introducing a new domestic
+  money market regime to provide dinar liquidity aid centred on
+  the island's newly launched treasury bill programme.
+      The Bahrain Monetary Agency has issued a circular to all
+  commercial banks outlining a new policy from April 1 which
+  gives liquidity aid through sale and repurchase agreements in
+  treasury bills, or through discounting them.
+      The circular, released officially to Reuters, said current
+  arrangements for providing liquidity aid will no longer be
+  valid except "in quite exceptional circumstances."
+      Under the current system, the agency provides the island's
+  20 commercial banks with dinar liquidity by means of short-term
+  swaps against U.S. Dollars and, less frequently, by short-term
+  loans secured against government development bonds.
+      "The agency considers that it is now appropriate to replace
+  these operations with short-term assistance based on Government
+  of Bahrain treasury bills," the circular to banks states.
+      The agency said it will repurchase treasury bills with a
+  simultaneous agreement to resell them to the same bank at a
+  higher price which will reflect an interest charge.
+      The agency said it envisages the repurchase agreements will
+  normally be for a period of seven days.
+      Bahrain launched a weekly tender for two mln dinars of
+  91-day treasury bills in mid-December last year and has since
+  raised a total of 26 mln dinars through the programme.
+      Bahrain's commercial banks are currently liquid and have
+  been making little use of the traditional dollar swaps offered
+  by the agency. But banking sources said the new regime from
+  April 1 will mean banks cannot afford not to hold treasury
+  bills in case they need funds from the central bank.
+      Banking sources said more than half of the 20 banks hold
+  treasury bills, although the need by others to take up paper
+  could increase demand at weekly tenders and push down allotted
+  yields slightly.
+      Last week's yield was six pct, although the programme had
+  started at the end of last year with rates as low as 5.60 pct.
+      Banking sources said the cost of liquidity through
+  repurchase accords will not differ much from that on dollar
+  swaps. But a bank using dollars to obtain liquidity would
+  foresake interest on the U.S. Currency while the underlying
+  treasury bill investment is unaffected in a repurchase accord.
+  
+
diff --git a/reuters/training/10705 b/reuters/training/10705
new file mode 100644
index 0000000000000000000000000000000000000000..e9ded7972d771e7e3728e5e28b98515c782fb3ff
--- /dev/null
+++ b/reuters/training/10705
@@ -0,0 +1,24 @@
+JAPAN BUYS LARGE AMOUNT OF BRAZILIAN SOYBEANS
+  Japanese crushers have bought some
+  214,000 tonnes of Brazilian soybeans for late April/early July
+  shipment and may buy up to 140,000 to 190,000 tonnes more for
+  June to August shipment, trade sources said.
+      Japan imported 128,089 tonnes of Brazilian beans in
+  calendar 1986, Finance Ministry customs-cleared statistics
+  show.
+      The sources said Brazilian beans were cheaper than U.S.
+  Origin which may account for the heavy purchases, but added
+  there were concerns about deliveries from Brazil in the near
+  term due to labour problems there.
+      The Japanese purchases comprise 30,000 tonnes for April
+  20/May 10 shipment, 102,000 for May, 15,000 for late May/early
+  June, 36,000 for June, and 31,000 for late June/early July
+  shipment, the sources said.
+      As a result of the large volumes of Brazilian beans
+  purchased, Japanese crushers will buy a total of only 150,000
+  tonnes of U.S. Beans for May shipment. Some 100,000 of this
+  shipment has already been purchased, the sources added.
+      They said crushers bought some 270,000 to 280,000 tonnes of
+  U.S. Beans for April shipment.
+  
+
diff --git a/reuters/training/10708 b/reuters/training/10708
new file mode 100644
index 0000000000000000000000000000000000000000..671a1341296e0458df770a3b4e436df9a2671205
--- /dev/null
+++ b/reuters/training/10708
@@ -0,0 +1,14 @@
+DUTCH MONEY SUPPLY HARDLY CHANGED IN DECEMBER
+  Dutch seasonally adjusted M2 money
+  supply was hardly changed in December at 169.49 billion
+  guilders compared to 169.56 billion in November, Central Bank
+  data show.
+      The figure was 2.6 pct higher than in December 1985.
+      In November, M2 fell 1.9 pct from its level in October and
+  was 3.9 pct above its level a year before.
+      Seasonally adjusted M1 money supply was also hardly changed
+  at 97.21 billion guilders in December, compared to 97.05
+  billion guilders in November. It was up 9.4 pct on its level a
+  year before.
+  
+
diff --git a/reuters/training/10709 b/reuters/training/10709
new file mode 100644
index 0000000000000000000000000000000000000000..9448f7ea839e4655e13faa26d3ff59a304db0e91
--- /dev/null
+++ b/reuters/training/10709
@@ -0,0 +1,14 @@
+SINGAPORE WELCOMES NEW LME ALUMINIUM CONTRACT MOVE
+  Singapore welcomed the London Metal
+  Exchange's (LME) decision to list Singapore as a delivery point
+  for the LME's new dollar-denominated aluminium contract.
+      Tay Thiam Peng, manager for international trading at the
+  Trade Development Board, said the decision would boost
+  Singapore's image as a major delivery port.
+      "We hope this will encourage more metal traders to set up
+  shop here and that Singapore can become a delivery port for
+  other metals as well," he said.
+      The new contract, to start trading on June 1, is LME's
+  first dollar-contract.
+  
+
diff --git a/reuters/training/1071 b/reuters/training/1071
new file mode 100644
index 0000000000000000000000000000000000000000..30e041306a0d41fc90d07b98492fbe28a8d4dd9c
--- /dev/null
+++ b/reuters/training/1071
@@ -0,0 +1,9 @@
+PANSOPHIC SYSTEMS <PNS> SPLITS STOCK 2-FOR-1
+  Pansophic Systems Inc said it
+  will split its stock two-for-one effective April two to
+  shareholders of record March 13.
+      It also said it will pay a six cts per share dividend on
+  the pre-split shares, a regular quarterly dividend, on April
+  two to shareholders of record March 13.
+  
+
diff --git a/reuters/training/10710 b/reuters/training/10710
new file mode 100644
index 0000000000000000000000000000000000000000..75d3d8a62f2a802381cb47fee6da89bda1678eaf
--- /dev/null
+++ b/reuters/training/10710
@@ -0,0 +1,15 @@
+BANK OF ENGLAND FORECASTS SURPLUS IN MONEY MARKET
+  The Bank of England said it forecast a
+  liquidity surplus of around 100 mln stg in the money market
+  today.
+      Among the main factors affecting liquidity, exchequer
+  transactions will add some 985 mln stg to the system today
+  while a fall in note circulation and bankers' balances above
+  target will add around 360 mln stg and 110 mln stg
+  respectively.
+      Partly offsetting these inflows, bills for repurchase by
+  the market will drain some 785 mln stg while bills maturing in
+  official hands and the treasury bill take-up will remove about
+  546 mln stg.
+  
+
diff --git a/reuters/training/10712 b/reuters/training/10712
new file mode 100644
index 0000000000000000000000000000000000000000..7f82a16cc62eff72f7618fd5570c32e7dcf37d2e
--- /dev/null
+++ b/reuters/training/10712
@@ -0,0 +1,12 @@
+PHILIPPINE COCONUT AGENCY GETS NEW ADMINISTRATOR
+  Newly-installed Philippine Coconut
+  Authority Chairman Jose Romero has announced the appointment of
+  lawyer Leandro Garcia as administrator, replacing Colonel Felix
+  Duenas who is returning to military duty.
+      The new constitution does not allow military men to hold
+  positions in civilian agencies.
+      Duenas and four other military men who were assigned to the
+  authority in 1978, will return to the ministry of defence where
+  they worked prior to their appointments at the coconut agency.
+  
+
diff --git a/reuters/training/10714 b/reuters/training/10714
new file mode 100644
index 0000000000000000000000000000000000000000..f6d47ded1815af46cc3a100bb1cc4577b520ede4
--- /dev/null
+++ b/reuters/training/10714
@@ -0,0 +1,10 @@
+TESCO BUYS 5.4 PCT OF HILLARDS
+  Tesco Plc <TSCO.L> said <County Bank
+  Ltd> had bought 165,000 shares in <Hillards Plc> on its behalf,
+  increasing its stake to 5.4 pct. The shares were bought at
+  313.25p each.
+      Tesco is making an opposed 151 mln stg bid for Hillards.
+      Hillards shares at 0900 GMT were quoted one penny firmer at
+  317p while Tesco was one penny easier at 479p.
+  
+
diff --git a/reuters/training/10715 b/reuters/training/10715
new file mode 100644
index 0000000000000000000000000000000000000000..980bd2d355cf326452815a71d9ad3d1035cec4be
--- /dev/null
+++ b/reuters/training/10715
@@ -0,0 +1,21 @@
+ROYALE BELGE <RBVB.BR> YEAR 1986
+  Non-consolidated net profit 3.435
+  billion francs vs 2.330 billion.
+      Turnover 39.3 billion francs (no direct comparison)
+      Own funds 20 billion francs vs 9.2 billion after transfer
+  of 1.28 billion francs from profits and 8.5 billion from sale
+  of securities.
+      Note - company said the figure is slightly lower because
+  French branches have become group subsidiaries).
+      Proposed net dividend on ordinary shares 100 francs,
+  including 20 franc supplement due to the exceptional character
+  of results, vs 71.9 francs.
+      Note - Company was created in May 1986 by the merger of
+  (Royale Belge Vie-Accidents) and (Royale Belge
+  Incendie-Reassurance).
+      Vie-Accidents shareholders received eight new shares and
+  Incendie-Reassurance shareholders six for every share held in
+  the old companies.
+      Comparisons are therefore company calculations.
+  
+
diff --git a/reuters/training/10717 b/reuters/training/10717
new file mode 100644
index 0000000000000000000000000000000000000000..1979dcef33ba21a243d31c9120753bb9db845b80
--- /dev/null
+++ b/reuters/training/10717
@@ -0,0 +1,25 @@
+JAPANESE SHIPYARDS TO FORM CARTEL, CUT OUTPUT
+  Japan's ailing shipyards have won
+  approval from the Fair Trade Commission to form a cartel to
+  slash production to about half of total capacity for one year,
+  effective April 1, industry sources said.
+      The approval follows an act of parliament passed last week
+  designed to help the industry regroup and shed 20 pct of
+  capacity by March 31, 1988, Transport Ministry officials said.
+      The cartel, comprising 33 yards capable of constructing
+  ships of more than 10,000 gross tonnes, will limit newbuilding
+  output to a maximum of three mln compensated gross registered
+  tonnes in 1987/88, the Shipbuilders Association of Japan said.
+      Industry sources said the 33 will seek to renew the cartel
+  in 1988/89 in the belief demand will remain sluggish.
+      Last week's temporary act of parliament also allows
+  shipbuilders to receive favourable taxation terms plus up to 50
+  billion yen in compensation for liabilities incurred through
+  job losses and the sale of excess capacity.
+      Up to 30 billion yen has been allocated for purchasing
+  redundant land and equipment from shipbuilders.
+      The Ministry will start drawing up its restructuring
+  guidelines from April 1 and the yards will implement the
+  guidelines from September, industry sources said.
+  
+
diff --git a/reuters/training/10718 b/reuters/training/10718
new file mode 100644
index 0000000000000000000000000000000000000000..e7ac9a124ab389b920c02f9e8b80dffb037d0f06
--- /dev/null
+++ b/reuters/training/10718
@@ -0,0 +1,25 @@
+INDONESIAN RUPIAH SLIPS AGAINST MARK AND YEN
+  The Indonesian rupiah has held steady
+  since its 31 pct devaluation against the dollar six months ago,
+  but has slipped against the mark and to a lesser extent against
+  the yen, according to central bank figures.
+      In the past month, the rupiah has fallen five pct against
+  the yen. Today's middle rate per 100 yen was 1,129.78 against
+  1,075.20 at end-February and 1,058.6 at devaluation in
+  September.
+      Bank Indonesia's quoted rate for the dollar, the main
+  currency for Indonesia's oil and gas exports, was 1,644.0
+  today, the same rate fixed at the time of devaluation.
+      The rate for the West German mark was 913.28 today, a sharp
+  drop from September when it was 786.06.
+      The British pound has risen to 2,657.93 against 2,429.83.
+     The value of the rupiah is set daily against a basket of
+  currencies by the central bank.
+      The rise in the value of the mark and the yen has hit
+  Indonesia by increasing its debt servicing levels. Its total
+  disbursed foreign debt is estimated by the World Bank at 37
+  billion dlrs.
+      Japan is one of Indonesia's key trading partners, taking
+  half its oil exports.
+  
+
diff --git a/reuters/training/1072 b/reuters/training/1072
new file mode 100644
index 0000000000000000000000000000000000000000..1a9e139be3ad7540d9d9dccc16211dbb784d3710
--- /dev/null
+++ b/reuters/training/1072
@@ -0,0 +1,13 @@
+LAC <LAC> INTERSECTS MORE GOLD AT DOYON MINE
+  Lac Minerals Ltd and <Cambior Inc> said
+  they completed a second hole at their jointly owned Doyon mine
+  in Quebec, which showed two significant gold intersections.
+      One intersection graded 0.33 ounce gold a short ton over 44
+  feet at depth of 1,411 feet, while the other graded 0.22 ounce
+  gold a ton over 23 feet at 2,064 feet, the companies said. The
+  hole is 460 feet east of the previously reported first hole.
+      They said they were now drilling another hole 460 feet to
+  the west of the first drill hole and expected to report results
+  in late March or early April.
+  
+
diff --git a/reuters/training/10720 b/reuters/training/10720
new file mode 100644
index 0000000000000000000000000000000000000000..79e4b57f4193223c692825b54418eae0ad67a72d
--- /dev/null
+++ b/reuters/training/10720
@@ -0,0 +1,22 @@
+PHILIPPINE COCONUT INDUSTRY WORRIED BY EC TAX
+  Philippine coconut oil exports to Europe
+  would be virtually wiped out if the European Community (EC)
+  implements a new tax on vegetable oils, Philippine Coconut
+  Authority (PCA) chairman Jose Romero said.
+      But he told reporters he did not think the EC would impose
+  the tax because of objections from the U.S.
+      "There's just so much flak coming from many countries,
+  spearheaded by the United States, whose soybean exports would
+  be adversely affected. This would spark a trade war," he said.
+      The tax, to be imposed from July, would add about 375 dlrs
+  a tonne to vegetable oils entering the EC.
+      The Philippines exported 43,540 tonnes of coconut oil worth
+  11.7 mln dlrs to Europe in January, against total exports of
+  86,959 tonnes worth 23.8 mln. It also exports copra and copra
+  meal.
+      Agriculture Secretary Carlos Dominguez has also raised
+  objections to the proposed EC tax.
+      He said it could cause the collapse of world demand and
+  prices and destroy the domestic industry.
+  
+
diff --git a/reuters/training/10721 b/reuters/training/10721
new file mode 100644
index 0000000000000000000000000000000000000000..37d54426a16da61e4a20b7a3105331928b73d1db
--- /dev/null
+++ b/reuters/training/10721
@@ -0,0 +1,19 @@
+WALLENBERG GROUP RAISES STAKE IN ERICSSON
+  Sweden's Wallenberg group said it
+  raised its holding in telecommunications maker Telefon AB L.M.
+  Ericsson <eric.St.> to 37.5 of the voting rights from 28.9 pct.
+      The move by the Knut and Alice Wallenberg Foundation, one
+  of the institutions at the core of the group of companies
+  formed by the late industrialist Marcus Wallenberg, further
+  consolidated group control over one of its key firms, analysts
+  said.
+      The foundation now controls 14.1 pct of Ericsson's voting
+  rights with 22.3 pct held by the group's investment companies
+  <AB Investor> and <Forvaltnings AB Providentia>.
+      The move comes after the Wallenberg group fought off a
+  hostile takeover bid earlier this month for match and packaging
+  conglomerate Swedish Match AB <smbs.St> from arms and chemical
+  concern Nobel Industrier AB <NOBL.ST> by increasing its stake
+  in Swedish Match to 85 pct from 33 pct.
+  
+
diff --git a/reuters/training/10724 b/reuters/training/10724
new file mode 100644
index 0000000000000000000000000000000000000000..645368eca07bc88b412db9f5f009513c860efadf
--- /dev/null
+++ b/reuters/training/10724
@@ -0,0 +1,11 @@
+FRENCH FEBRUARY INFLATION CONFIRMED AT 0.2 PCT
+  French retail prices rose a confirmed 0.2
+  pct in February, in line with provisional figures released two
+  weeks ago showing a rise of between 0.1 and 0.2 pct, the
+  National Statistics Institute said.
+      The rise compared with a 0.9 pct rise in January.
+      Year-on-year retail price inflation was confirmed at 3.4
+  pct for February compared with a three pct rise year-on-year in
+  January.
+  
+
diff --git a/reuters/training/10729 b/reuters/training/10729
new file mode 100644
index 0000000000000000000000000000000000000000..bdb94f143106e916b322ea08ce2811819f26bc3d
--- /dev/null
+++ b/reuters/training/10729
@@ -0,0 +1,52 @@
+SRI LANKA TO UPROOT OR BUD DISEASED RUBBER TREES
+  Sri Lanka will uproot rubber trees that
+  are more than two years old and affected by the leaf disease
+  corynespora, the head of the government's Rubber Research
+  Institute told Reuters.
+      Rodney De Mel said affected trees less than two years old
+  would undergo base-budding -- attaching a clone as close as
+  possible to the trunk's base and cutting off the top of the
+  tree once the bud has taken. Uprooted or base-budded trees
+  mature later, causing an output loss estimated at 350 kilos per
+  hectare from the sixth year when they begin producing.
+      About 7,000 acres are planted with the high yielding RIC
+  103 variety, the clone afflicted by corynespora.
+      Only about 2,000 acres are affected by the disease, which
+  causes leaves to fall off, De Mel said.
+      Sri Lanka has 508,000 acres planted with rubber trees.
+      De Mel said the disease was detected in nurseries as early
+  as in middle 1985, but it was only in August-September 1986
+  that it became widespread.
+      The Institute is conducting a survey to determine how many
+  trees will be uprooted or base-budded. Healthy trees will be
+  sprayed and remain under observation.
+      T.P. Lilaratne, head of the government's Rubber Controller
+  Department, which monitors the industry, told Reuters
+  replanting and base-budding would have to be undertaken before
+  late May when the monsoon rains begin.
+      De Mel said clones in the nurseries which are susceptible
+  to corynespora, identified as RIC 103, RIC 52, RIC 104, RIC
+  106, RIC 107 and RIC 118, will be uprooted and burned.
+      The same procedures will be undertaken for the foreign
+  clones indentified as NAB 12, RRIM 725, FX25, PPN 2444, PPN
+  2447, KRS 21 and PPN 2058.
+      Lilaratne said the susceptible clones would be replaced by
+  PB 86, RRIM 600, RRIC 110, RRIC 121, RIC 100 and RIC 102.
+      These six varieties would also be used to replace trees
+  uprooted or base-budded, De Mel said.
+      Lilaratne said planters would receive 10,000 rupees per
+  hectare for replanting and plants would be free of charge.
+      "But no compensation is contemplated at the moment," he
+  added.
+      De Mel said a drought in Sri Lanka has helped control the
+  spread of the disease.
+      "The drought has not stopped the disease, but probably
+  helped in some way because trees have not been affected in
+  areas that are dry," he said.
+      Brokers said the disease had not affected prices because it
+  has not caused a drop in production.
+      Prices for the best latex crepe at the Colombo auction last
+  week firmed to 20.19 rupees per kilo from 20.05 rupees at the
+  previous sale.
+  
+
diff --git a/reuters/training/10731 b/reuters/training/10731
new file mode 100644
index 0000000000000000000000000000000000000000..d16a19dc23013a002beec4853a9d22d646ef383a
--- /dev/null
+++ b/reuters/training/10731
@@ -0,0 +1,5 @@
+ Miyazawa expects dollar to rebound soon, spokesman says
+
+   Miyazawa expects dollar to rebound soon, spokesman says
+  
+
diff --git a/reuters/training/10734 b/reuters/training/10734
new file mode 100644
index 0000000000000000000000000000000000000000..7bb53beec648d3792b2740a284e63fc227db7d98
--- /dev/null
+++ b/reuters/training/10734
@@ -0,0 +1,35 @@
+PHILADELPHIA EXCHANGE TO EXTEND HOURS FOR ASIA
+  The Philadelphia Stock Exchange (PHLX),
+  a leading trader of currency options, plans to extend its
+  trading hours to serve Australasian and Far Eastern markets,
+  exchange president Nicholas Giordano said.
+      He told reporters the PHLX will open a new session between
+  1900 and 2300 hours U.S. EST from the beginning of the third
+  quarter this year.
+      The PHLX is also opening an office in Hong Kong to serve
+  clients in the region and educate financial markets about the
+  advantages of currency options, Giordano said.
+      Giordano was in Sydney to start an Asian-Pacific tour by
+  exchange executives promoting the hedging benefits of the
+  exchange-trade currency option market against existing
+  over-the-counter option trading during the local working day.
+      Currency options pioneered by the PHLX in 1982 had become
+  an accepted means of hedging against foreign exchange risk and
+  had grown in popularity, he said.
+      The PHLX now offered options in eight currencies, including
+  a new Australian dollar option, and traded an average 42,000
+  contracts daily with underlying open interest of more than 30
+  billion U.S. Dlrs.
+      Giordano said the exchange had been impressed with the
+  performance of its Australian dollar contract, which since its
+  introduction last year had regularly topped the French franc as
+  the third most popular traded option, with up to 8,000
+  contracts traded daily.
+      Having the Philadelphia exchange open during the
+  Asia-Pacific market day would open new hedging opportunities,
+  set a truer level for over-the-counter option trading, increase
+  arbitraging opportunities and give corporations and treasuries
+  access to a currency option market of much greater depth and
+  liquidity with the security of a clearing house, he said.
+  
+
diff --git a/reuters/training/10736 b/reuters/training/10736
new file mode 100644
index 0000000000000000000000000000000000000000..3132ced004a17be777f40f1e058a8fabb5e008ec
--- /dev/null
+++ b/reuters/training/10736
@@ -0,0 +1,14 @@
+MIYAZAWA EXPECTS DOLLAR REBOUND SOON - SPOKESMAN
+  Japanese Finance Minister Kiichi Miyazawa
+  expects the dollar to rebound soon, a Ministry spokesman said.
+      He quoted Miyazawa as telling Japanese reporters that major
+  industrial nations are aggressively intervening in currency
+  markets worldwide to prevent a dollar free-fall.
+      The minister believes that market forces will push the
+  dollar back up from its record low of 144.70 yen today,
+  according to the spokesman.
+      Miyazawa told the Japanese reporters the U.S. Unit fell
+  because Japanese investors sold dollars to hedge currency risks
+  before the close of the 1986/87 fiscal year on March 31.
+  
+
diff --git a/reuters/training/10737 b/reuters/training/10737
new file mode 100644
index 0000000000000000000000000000000000000000..46678f3953ed6885df0baba41bdc76ad689d3b72
--- /dev/null
+++ b/reuters/training/10737
@@ -0,0 +1,36 @@
+U.K. CONFIRMS FEBRUARY STERLING M3 RISE
+  The Bank of England said the broad
+  measure of U.K. Money supply, Sterling M3, rose a seasonally
+  adjusted 2.2 pct in February after a 1.1 pct rise in January.
+      The unadjusted year on year rise was 18.9 pct after 17.6
+  pct in the year to January, the Bank said.
+      The narrow measure of money supply, M0, fell by a
+  seasonally adjusted 0.8 pct in February, and rose by a
+  non-adjusted 4.1 pct year on year. In January, M0 fell by an
+  adjusted 0.6 pct, and rose by a non-adjusted 4.1 pct year on
+  year.
+      The figures confirm provisional data issued by the Bank on
+  March 19.
+      The Bank said sterling bank lending grew by a seasonally
+  adjusted 2.91 billion stg in February, after a 1.70 billion stg
+  adjusted rise in January.
+      The measure of private sector liquidity, PSL2, rose an
+  unadjusted 0.9 pct in February, making a year-on-year
+  unadjusted 13.1 pct rise. Adjusted, PSL2 rose by 1.2 pct in
+  February, against a 0.6 pct rise in January, the Bank said.
+      It said the public sector contribution to the growth in
+  Sterling M3 was contractionary by about 40 mln stg after a
+  contractionary contribution of 2.3 billion stg in January.
+      Within this, the Public Sector Borrowing Requirement showed
+  a repayment of 380 mln stg after a 3.7 billion stg repayment in
+  January, while the non-bank private sector's holdings of
+  government debt fell by about 260 mln stg after a 1.1 billion
+  stg fall in January.
+      There was a 50 mln stg rise in notes and coins in
+  circulation in February after a 290 mln stg fall in January,
+  the Bank said.
+      Non-interest bearing sight deposits rose by 460 mln stg
+  after a 1.5 billion stg fall in January and interest-bearing
+  deposits fell 200 mln stg after a 1.6 billion rise in January.
+  
+
diff --git a/reuters/training/10738 b/reuters/training/10738
new file mode 100644
index 0000000000000000000000000000000000000000..afa54ec97a07ddd1104be43db9a805ef62190859
--- /dev/null
+++ b/reuters/training/10738
@@ -0,0 +1,13 @@
+SLOUGH ESTATES VIEWS 1987 PROSPECTS CONFIDENTLY
+  Slough Estates Plc <SLOU.L> said it
+  views the prospects during 1987 with confidence.
+      In a statement accompanying its 1986 results, it reported a
+  rise of over 10 mln stg in 1986 pretax profit to 49.6 mln stg
+  and said there are signs that the existing threat of excess
+  supply may be lessened in 1987. There has also been a return of
+  interest in industrial investment.
+      An external appraisal of the group's investment properties
+  was carried out last year which found their gross value to be
+  851.3 mln stg as at Dec 31.
+  
+
diff --git a/reuters/training/1074 b/reuters/training/1074
new file mode 100644
index 0000000000000000000000000000000000000000..68f9569b76c14b0e11c43dfba45dbc542ea04aa5
--- /dev/null
+++ b/reuters/training/1074
@@ -0,0 +1,12 @@
+CALMAR <CLMI> SEEKS TO BE ACQUIRED BY <KEBO AB>
+  Calmar Inc said KEBOO Ab of
+  Sweden, which now owns about 64 pct of Calmark, has approved
+  the acquisition of remaining Calmar shares at 25.375 dlrs in
+  cash at the request of the Calmar board.
+      Calmar said a special meeting of its board will be held
+  March Nine to form a special committee of directors not
+  affiliated with KEBO to evaluate the transaction.
+      KEBO is in turn 60 pct owned by <Investment AB Beijar> of
+  Sweden.
+  
+
diff --git a/reuters/training/10742 b/reuters/training/10742
new file mode 100644
index 0000000000000000000000000000000000000000..996fa161f81da49ea61a8707482b08a543b76ad0
--- /dev/null
+++ b/reuters/training/10742
@@ -0,0 +1,13 @@
+EC COMMISSIONER WELCOMES COCOA ACCORD
+  The new International Cocoa Agreement
+  should lead to a stabilisation of prices, both benefitting
+  producer countries and promoting an equilibrium in
+  international economic relations, European Community
+  Development Commissioner Lorenzo Natali said.
+      He said in a statement welcoming the agreement on buffer
+  stock rules reached last week in London that it resulted in
+  large part from initiatives taken by the EC Commission after
+  consumers and producers had reached deadlock in initial
+  negotiations.
+  
+
diff --git a/reuters/training/10743 b/reuters/training/10743
new file mode 100644
index 0000000000000000000000000000000000000000..e07bbe964e98244532f78f0853162faeac18cb20
--- /dev/null
+++ b/reuters/training/10743
@@ -0,0 +1,32 @@
+RUGBY WELL PREPARED FOR NEW CEMENT COMPETITION
+  Rugby Portland Cement Plc <RBYL.L> said
+  it was well placed to operate in the new circumstances
+  following the ending in February of the 53-year old cement
+  manufacturers common price and marketing arrangements.
+      In a statement following the release of its 1986 results,
+  IT stated that the current year had started well. It reported
+  that pretax profits in the year rose to 35.46 mln stg from
+  21.84 mln previously on turnover higher at 313.3 mln after
+  252.2 mln.
+      The strong recovery of the first six months continued into
+  the second half, although U.K. Cement demand rose only
+  modestly. Results benefitted from cost cutting and higher
+  volumes.
+      The decision by the Cement Makers Federation to end the
+  pricing agreement reflected pressure from higher competition
+  due to growing imports and the possibility that the system
+  would be taken to the Restrictive Practices Court by the U.K.
+  Government. It stated that its John Carr unit benefitted from
+  strong organic growth, although overseas its Cockburn operation
+  had a difficult period with high maintenance costs and
+  increased depreciation charges.
+      The company is proposing to change its name at the next
+  annual meeting to <Rugby Group Plc>.
+      Rugby said it spent 27 mln stg on acquisitions in 1986. It
+  noted that its Western Australia hotels company had agreed to
+  sell the Parmelia hotel for 31.5 mln Australian dlrs, some
+  seven mln stg above end-1986 book value.
+      The results were largely in line with forecasts and Rugby
+  shares were little changed at 242p after 241 at Friday's close.
+  
+
diff --git a/reuters/training/10744 b/reuters/training/10744
new file mode 100644
index 0000000000000000000000000000000000000000..5a64b686ad5ee77b4d2df664564b98aa1b3a711a
--- /dev/null
+++ b/reuters/training/10744
@@ -0,0 +1,34 @@
+MANNESMANN BUYS INDIRECT MAJORITY STAKE IN SACHS
+  Mannesmann AG <MMWG.F> said it has
+  reached a series of agreements giving it an indirect majority
+  stake in the <Fichtel und Sachs AG> car parts group.
+      The takeover is contingent on approval from the Federal
+  Cartel Office in West Berlin, a spokesman said, adding that
+  Mannesmann was confident the authorities would not block the
+  purchase.
+      Mannesmann is buying 75 pct of <MEC Sachs
+  Vermoegensholding> which owns 37.5 pct of Sachs AG, which in
+  turn holds 96.5 pct of Fichtel und Sachs. The MEC shares will
+  be bought from the granddaughters of the firm's founder.
+      Mannesmann is also purchasing a 25.01 pct stake in Fichtel
+  und Sachs from Commerzbank AG <CBKG.F> and has an option to buy
+  the bank's remaining 10 pct stake, a company statement said.
+      In addition to these firm agreements, Mannesmann is also
+  talking with the state-owned steel group Salzgitter AG
+   <SALG.H> on buying its 24.98 pct stake in Fichtel und Sachs.
+   This would give Mannesmann around 75 pct of Fichtel und Sachs.
+      Salzgitter said it decided to give up its own original
+  plans to seek a majority stake in Sachs after holding talks
+  with the government in Bonn.
+      Earlier this month Mannesmann disclosed that it might want
+  a majority stake in Sachs after previously saying it was
+  seeking to buy only a minority holding in the company, which
+  has annual turnover of 2.2 billion marks and employs 17,000.
+      The acquisition is part of Mannesmann's efforts to
+  diversify into high-technology areas and away from its previous
+  reliance on steel and pipe-making. More
+      A spokesman for the Federal Statistics Office later said
+  the anti-cartel authorities would probably rule on the takeover
+  in the new few weeks.
+  
+
diff --git a/reuters/training/10746 b/reuters/training/10746
new file mode 100644
index 0000000000000000000000000000000000000000..1fd2786d0cfeb8e61af4c14a2b66c3e2331724d5
--- /dev/null
+++ b/reuters/training/10746
@@ -0,0 +1,20 @@
+SINGAPORE M-1 MONEY SUPPLY 2.7 PCT UP IN JANUARY
+  Singapore's M-1 money supply  rose
+  2.7 pct in January to 10.09 billion Singapore dlrs after a 3.7
+  pct increase in December, the Monetary Authority of Singapore
+  said.
+      Year on year, M-1 grew by 15.6 pct in January compared with
+  an 11.8 pct growth in December.
+      The January rise was largely seasonal, reflecting an
+  increase in currency in active circulation prior to the Lunar
+  New Year. Currency in active circulation rose to 5.42 billion
+  dlrs from 5.03 billion in December and 4.84 billion a year ago.
+      The demand deposit component of M-1 dropped in January by
+  4.67 billion dlrs from 4.79 billion in December and compared
+  with 3.89 billion in January, 1986.
+      Broadly-based M-2 money supply rose 1.1 pct to 31.30
+  billion dlrs in January, after a 1.6 pct rise in December,
+  bringing year on year growth to 12.1 pct in January against
+  10.0 pct in the previous month.
+  
+
diff --git a/reuters/training/10748 b/reuters/training/10748
new file mode 100644
index 0000000000000000000000000000000000000000..394054ae5aaf0bb0df658a0201bbdc92f01714f7
--- /dev/null
+++ b/reuters/training/10748
@@ -0,0 +1,34 @@
+B AND C REORGANISES COMMERCIAL OPERATIONS
+  British and Commonwealth Shipping Co Plc
+  <BCOM.L> said that it would reorganise its commercial and
+  service operations into a single public grouping with
+  autonomous management.
+      The group has expanded rapidly in the past year through the
+  672.5 mln stg acquisition of <Exco International Plc> and 90
+  mln bid for <Steel Brothers Holdings Plc>.
+      It noted that its operations were now divided between
+  financial services, including money broking, investment
+  management and forfaiting, and more traditional areas such as
+  aviation, hotels, commodity trading and office equipment.
+      It said that each sector had exciting prospects but
+  required different methods of management and financing.
+      B and C planned to form a new public company to hold the
+  commercial operations and envisaged it operating with a capital
+  of between 400 mln and 600 mln stg.
+      It has retained Barclays de Zoete Wedd to advise on the
+  introduction of independent investors to subscribe for
+  additional capital, and believes that the proportion of equity
+  capital held by outside investors would not exceed 20 pct of
+  the total.
+      The statement said that with the continued support of B and
+  C, together with outside capital, the new grouping would emerge
+  as a major group in its own right with the ability to take
+  advantages of opportunities as they arose. However, the group
+  would not seek a listing for the time being.
+      B and C also said that its chairman, Lord Cayzer, planned
+  to retire in June. The company proposed that he be appointed
+  life president and that current chief executive John Gunn
+  should take over as chairman.
+      B and C shares eased 11p to 459p at 1040 GMT.
+  
+
diff --git a/reuters/training/10749 b/reuters/training/10749
new file mode 100644
index 0000000000000000000000000000000000000000..14b4dbd070bb4b13968fb01465a4c533f3020a72
--- /dev/null
+++ b/reuters/training/10749
@@ -0,0 +1,16 @@
+JAPAN CONDUCTS CURRENCY SURVEY OF BIG INVESTORS
+  A Finance Ministry official said the
+  ministry has recently conducted a survey on foreign exchange
+  transactions by institutional investors but declined to say if
+  it was aimed at moderating their dollar sales.
+      However, financial market sources said they had heard the
+  ministry has asked life insurance and securities firms to
+  refrain from selling dollars, but they were unable to confirm
+  this directly.
+      Dealers said life insurance firms were not major sellers of
+  dollars in recent trading sessions because they had already
+  sold them to hedge risks.
+      Dealers said securities houses and trust banks on the other
+  hand have aggressively sold the dollar.
+  
+
diff --git a/reuters/training/10750 b/reuters/training/10750
new file mode 100644
index 0000000000000000000000000000000000000000..943b9147e4e516dde578c469981e285f8dfe48bf
--- /dev/null
+++ b/reuters/training/10750
@@ -0,0 +1,15 @@
+BP U.K. REFINERY DUE TO PARTLY RE-OPEN NEXT WEEK
+  The British Petroleum Co PLC (BP.L) oil
+  refinery at Grangemouth, closed after an explosion and fire
+  eight days ago, is expected to partially reopen next week, a
+  refinery spokesman said.
+      He said the entire 178,500 bpd refinery has been shut since
+  the accident which killed one person and damaged the site's
+  hydrocracker. The main units will resume operation next week
+  but the hydrocracker will be closed for an unspecified period.
+  The spokesman said the refinery had been operating at about
+  half its capacity since end-January due to overhaul work on
+  part of the complex. The overhaul is expected to end by late
+  April.
+  
+
diff --git a/reuters/training/10751 b/reuters/training/10751
new file mode 100644
index 0000000000000000000000000000000000000000..a7af465b2c546c9981a9c4dc092243214472c550
--- /dev/null
+++ b/reuters/training/10751
@@ -0,0 +1,17 @@
+NO INTERVENTION, DOLLAR FIXED AT 1.8063 MARKS
+  The Bundesbank did not intervene as
+  the dollar was fixed lower at 1.8063 marks after 1.8231 on
+  Friday, dealers said.
+      Business calmed down after a hectic start, with European
+  operators sidelined because of uncertainty about the short-term
+  direction of the dollar, dealers said. "At the moment, all the
+  action is taking place in New York and Tokyo," one said.
+      The U.S. Currency traded within a 145 basis point range in
+  Europe, touching a low of 1.7940 and a high of 1.8085 marks.
+  But it remained within a narrow 40 basis point span around
+  1.8050 marks after the first hour of European trading.
+      Comments by Japanese officials and Bank of Japan dollar
+  support had pushed it above 145 yen and 1.80 marks after
+  falling as low as 144.50 and 1.7860 respectively in Tokyo.
+  
+
diff --git a/reuters/training/10752 b/reuters/training/10752
new file mode 100644
index 0000000000000000000000000000000000000000..0dad0e5e6f55615a68f91c0778d092b2cbcbf31b
--- /dev/null
+++ b/reuters/training/10752
@@ -0,0 +1,14 @@
+TOP QUALITIES SOUGHT ON HAMBURG COFFEE MARKET
+  The green coffee market saw some demand
+  for high quality coffees in the past week, but business was
+  described as generally unsatisfactory, trade sources said.
+      Especially sought were spot East African and Ethiopian and
+  some Brazils, they said, adding that some high grade robustas
+  also met some demand.
+      Sporadic business was noted in the second hand which
+  offered Kenya coffee for May/June shipment up to 25 dlrs below
+  origin levels.
+      Roasters are said to be well covered and are not expected
+  to enter the market for larger purchases in the near term.
+  
+
diff --git a/reuters/training/10754 b/reuters/training/10754
new file mode 100644
index 0000000000000000000000000000000000000000..3064cd7119cc437c0f999381432aeeffa04f3ce6
--- /dev/null
+++ b/reuters/training/10754
@@ -0,0 +1,23 @@
+SINGAPORE BANK CREDIT RISES IN JANUARY
+  Total loans and advances extended by
+  banks in Singapore rose in January to 36.01 billion Singapore
+  dlrs from 35.79 billion in December but fell from 36.93 billion
+  a year ago, the Monetary Authority of Singapore said.
+      It said the increase was concentrated in loans to the
+  manufacturing and real estate sectors, while loans to the
+  commerce sector declined.
+      Deposits of non-bank customers also fell in January to
+  30.44 billion dlrs from 30.61 billion in December but rose from
+  28.33 billion in January, 1986.
+      Total assets and liabilities of banks rose to 77.60 billion
+  dlrs in January from 76.83 billion in the previous month and
+  69.45 billion a year ago.
+      Assets and liabilities of finance companies fell to 6.87
+  billion dlrs from 6.95 billion and compared with 6.85 billion,
+  respectively.
+      Loans extended by finance companies rose to 4.77 billion
+  dlrs from 4.74 billion in December and against 5.34 billion in
+  January last year, while deposits placed with them dropped to
+  4.68 billion against 4.89 and 4.79 billion.
+  
+
diff --git a/reuters/training/10755 b/reuters/training/10755
new file mode 100644
index 0000000000000000000000000000000000000000..d00e5855c9cd3c5a82b079ce69a4190e97999893
--- /dev/null
+++ b/reuters/training/10755
@@ -0,0 +1,8 @@
+BANK OF ENGLAND DOES NOT OPERATE IN MONEY MARKET
+  The Bank of England said it had not
+  operated in the money market during the morning session.
+      Earlier, the Bank revised its forecast of the liquidity
+  position to flat from its original estimate of a 100 mln stg
+  surplus.
+  
+
diff --git a/reuters/training/10756 b/reuters/training/10756
new file mode 100644
index 0000000000000000000000000000000000000000..911deb22500f87d0867b8c91d986514cf05b4f34
--- /dev/null
+++ b/reuters/training/10756
@@ -0,0 +1,20 @@
+ASIAN DOLLAR MARKET ASSETS FALL IN JANUARY
+  The gross size of the Asian dollar
+  market contracted to 197.2 billion U.S. Dlrs in January, down
+  3.4 billion dlrs from December, reflecting a decline in
+  interbank activity, the Monetary Authority of Singapore (MAS)
+  said in its latest monthly bulletin.
+      The assets stood at 151.7 billion dlrs in January last
+  year.
+      MAS said interbank lending fell in January to 140.9 billion
+  dlrs from 146.6 billion in December but rose from 102.0 billion
+  in january 1986 and interbank deposits to 154.0 billion against
+  159.4 and 117.1 billion, respectively.
+      Loans to non-bank customers increased to 40.1 billion dlrs
+  in January from 38.7 billion in December and 36.9 billion in
+  January, 1986.
+      Deposits of non-bank customers also increased in January to
+  34.9 billion from 33.8 billion a month ago and 27.7 billion a
+  year ago. REUTER
+  
+
diff --git a/reuters/training/10757 b/reuters/training/10757
new file mode 100644
index 0000000000000000000000000000000000000000..da3892fa410ec222124bc166553349a93e3c0941
--- /dev/null
+++ b/reuters/training/10757
@@ -0,0 +1,23 @@
+H.K. M3 MONEY SUPPLY RISES 1.4 PCT IN FEBRUARY
+  Hong Kong's broadly defined M-3 money
+  supply rose 1.4 pct in February to 615.59 billion H.K. Dlrs
+  from January when it rose 2.2 pct, the government said.
+      Total M3 rose 22.4 pct from February, 1984. Local currency
+  M3 rose 0.6 pct to 282.11 billion dlrs from January, and 16.8
+  pct on the year.
+      Total M2 rose 2.0 pct to 545.71 billion dlrs in February
+  from January, when it increased by 3.3 pct.
+      Local currency M2 rose 1.0 pct to 251.49 billion dlrs last
+  month after it rose 4.7 pct in January. Total M2 and local M2
+  rose 32.0 pct and 24.9 pct respectively from February, 1984.
+      Total M1 fell 5.3 pct to 59.52 billion dlrs in February
+  after a 12 pct rise in the previous month. Local M1 dropped 6.0
+  pct to  54.47 billion dlrs after January's rise of 12.3 pct.
+      Year on year growth in total M1 and local M1 was 26.3 pct
+  and 27.6 pct, respectively.
+      Total loans and advances rose 1.3 pct to 523.74 billion
+  dlrs from January, when they were up 3.3 pct. However, loans
+  for financing Hong Kong's visible trade fell 1.3 pct to 36.23
+  billion dlrs after a 3.4 pct rise in the previous month.
+  
+
diff --git a/reuters/training/10758 b/reuters/training/10758
new file mode 100644
index 0000000000000000000000000000000000000000..aa7bd68452958ef5eed114ff612ce16cc25a9eb9
--- /dev/null
+++ b/reuters/training/10758
@@ -0,0 +1,10 @@
+ALGERIA SETS TENDER FOR RAPE/SUNFLOWERSEED OIL
+  Algeria will tender on April 3 for
+  20,000 tonnes of optional origin sunflowerseed oil/rapeseed oil
+  for Apr/May loading, traders said.
+      Meanwhile, the market is awaiting results of an Algerian
+  import tender which took place over the weekend for about
+  10,000 tonnes of refined vegetable oils in drums, traders
+  added.
+  
+
diff --git a/reuters/training/1076 b/reuters/training/1076
new file mode 100644
index 0000000000000000000000000000000000000000..a1fc7231b71443605fd21f4e633f4f6bda3c7e38
--- /dev/null
+++ b/reuters/training/1076
@@ -0,0 +1,20 @@
+ITALY'S BNL NEGOTIATING PURCHASE OF GERMAN BANK
+  Italy's state-owned <Banca Nazionale Del
+  Lavoro-BNL> said it is negotiating to buy a West German bank as
+  part of its foreign expansion policy.
+      BNL president Nerio Nesi told a news conference the Italian
+  bank was currently involved in talks but declined to name the
+  German institution.
+      He said the takeover move could be seen as BNL's reply to
+  Deutsche Bank AG <DBKG.F>, which entered the Italian market in
+  December 1986, with the purchase of BankAmerica <BACN>
+  subsidiary <Banca D'America e D'Italia>.
+      Nesi said BNL had also approved a 200 mln dlr credit line
+  to the Soviet Union aimed at enabling Soviet companies to pay
+  for Italian imports. He gave no further details.
+      BNL officials said the group had also decided to increase
+  its activities in the Soviet Union by opening a representative
+  office in Moscow this month through its subsidiary <Sogecred>,
+  which specialises in Italian-Soviet trade.
+  
+
diff --git a/reuters/training/10760 b/reuters/training/10760
new file mode 100644
index 0000000000000000000000000000000000000000..35c4e4f37d5970b8dffdc42f3d7193929cce46b4
--- /dev/null
+++ b/reuters/training/10760
@@ -0,0 +1,80 @@
+COCOA DEAL SEEN POSITIVE, BUT NO PRICE GUARANTEE
+  The buffer stock rules agreement reached
+  on Friday by the International Cocoa Organization (ICCO) is an
+  improvement on previous arrangements but the price-support
+  mechanism is unlikely to do more than stem the decline in cocoa
+  prices, many ICCO delegates and trade sources said.
+      The accord was reached between producers and consumers of
+  the 35-member ICCO council after two weeks of talks.
+      European chocolate manufacturers and delegates said the
+  accord may boost cocoa prices immediately, but world surpluses
+  overhanging the market will pull prices down again before long.
+      "If the buffer stock operation is successful, I doubt it
+  will do anything more than stop the price from falling further,
+  and it will have no relevance at all to retail chocolate
+  prices," a European dealer said.
+      And if the buffer stock manager delays too long in buying,
+  or is not seen to be using his purchasing power when the market
+  is relying on him to do so, the bearish trade reaction could
+  pressure prices dramatically, dealers said.
+      The buffer stock is the market-regulating tool of the ICCO,
+  into which cocoa can be bought or from which it can be sold to
+  manoeuvre prices into a pre-set stabilization range.
+      A new cocoa agreement came into force in January but
+  delegates could not agree buffer stock rules at that time.
+      The new rules take effect immediately. The buffer stock
+  manager is expected to begin buying cocoa within the next three
+  weeks, after organizing communications with cocoa producing
+  countries and assessing the market, since prices are below the
+  "must-buy" level of 1,600 Special Drawing Rights per tonne
+  specified in the agreement, the sources said.
+      The buffer stock theoretically has funds to buy a maximum
+  100,000 tonnes within a five week period, but its approach will
+  be more cautious, buffer stock manager Juergen Plambeck said.
+      The buffer stock has around 250 mln dlrs in funds and a
+  buying limit of 250,000 tonnes of cocoa, 100,000 tonnes of
+  which are already in the buffer stock.
+      ICCO council chairman and Ivorian Agriculture Minister
+  Denis Bra Kanon said the new rules have a good chance of
+  stabilizing prices. Ivory Coast is the world's largest cocoa
+  producer.
+      "We have established rules which will permit us to withdraw
+  immediately the surplus of cocoa on the world market," Bra Kanon
+  told reporters after the council adjourned. Bra Kanon reckoned
+  the world cocoa surplus could be less than half the 94,000
+  tonnes estimated by the ICCO statistics committee.
+      However, some producer and consumer members emerged from
+  the final ICCO council meeting with reservations about the
+  pact.
+      Ghana, whose high-quality cocoa is the world's most
+  expensive and provides 60 pct of the country's export earnings,
+  made a formal protest to the council about the price
+  differentials assigned to its cocoa, saying they were too high
+  for Ghanaian cocoa to be bought for the buffer stock.
+      According to consumer spokesman Peter Baron of West
+  Germany, "Consumers weren't perfectly happy with the buffer
+  stock rules. We reached a very sensitive compromise...There
+  were no real winners or losers."
+      Some European Community delegates were not satisfied that
+  important points were fully discussed during the talks, and as
+  a result, doubted the rules can deal with world surpluses as
+  effectively as they could have, delegates said.
+      Under the new rules, the buffer stock manager would seek
+  offers of different origin cocoas, using price differentials to
+  reflect different qualities. Non-ICCO member cocoa can comprise
+  up to 15 pct of the total buffer stock.
+      London cocoa prices traded today around 1,300 stg per
+  tonne, down from around 1,450 stg in January 1987 and 1,750 stg
+  in January 1986.
+      A cocoa withholding scheme can take a further 120,000
+  tonnes of cocoa off the market if a special council session
+  decides market conditions warrant it, according to the
+  agreement.
+      The withholding scheme can only be used if prices fall
+  below the 1,600 SDR lower intervention price for more than five
+  days and if 80 pct of the maximum buffer stock capacity has
+  been filled, or if the buffer stock runs low on funds, it says.
+      The ICCO will discuss withholding scheme rules at an
+  executive committee meeting on June 9/12, ICCO officials said.
+  
+
diff --git a/reuters/training/10762 b/reuters/training/10762
new file mode 100644
index 0000000000000000000000000000000000000000..fa02cd83b89d065a34f51a8d3f5440d024edd31b
--- /dev/null
+++ b/reuters/training/10762
@@ -0,0 +1,24 @@
+G-6 WANTS TO HOLD DLR ABOVE 150 YEN - NAKASONE
+  Prime Minister Yasuhiro Nakasone said
+  that Japan and other industrialized nations committed
+  themselves in Paris last month to stabilize the dollar above
+  150 yen.
+      He told a Lower House Budget Committee in Parliament that
+  the six nations have taken measures, including market
+  intervention, to support the dollar above that level.
+      Finance Minister Kiichi Miyazawa told the same committee
+  that the six - Britain, Canada, France, Japan, the U.S. And
+  West Germany - had intervened aggressively since the dollar
+  fell below 150 yen.
+      Miyazawa said major nations are trying hard to stabilize
+  exchange rates.
+      Asked if there had been any change in the fundamentals of
+  each nation since the February 22 Paris accord, he said he did
+  not think the fundamentals themselves had changed
+  substantially.
+      But he said the market is sensitively looking at what is
+  happening in major nations. He did not elaborate.
+      Miyazawa added that it was difficult to say why there has
+  been such speculative dollar selling in the market.
+  
+
diff --git a/reuters/training/10766 b/reuters/training/10766
new file mode 100644
index 0000000000000000000000000000000000000000..3132ced004a17be777f40f1e058a8fabb5e008ec
--- /dev/null
+++ b/reuters/training/10766
@@ -0,0 +1,14 @@
+MIYAZAWA EXPECTS DOLLAR REBOUND SOON - SPOKESMAN
+  Japanese Finance Minister Kiichi Miyazawa
+  expects the dollar to rebound soon, a Ministry spokesman said.
+      He quoted Miyazawa as telling Japanese reporters that major
+  industrial nations are aggressively intervening in currency
+  markets worldwide to prevent a dollar free-fall.
+      The minister believes that market forces will push the
+  dollar back up from its record low of 144.70 yen today,
+  according to the spokesman.
+      Miyazawa told the Japanese reporters the U.S. Unit fell
+  because Japanese investors sold dollars to hedge currency risks
+  before the close of the 1986/87 fiscal year on March 31.
+  
+
diff --git a/reuters/training/10767 b/reuters/training/10767
new file mode 100644
index 0000000000000000000000000000000000000000..d780bcf9539609b3659bdff451bbe6232ceaf265
--- /dev/null
+++ b/reuters/training/10767
@@ -0,0 +1,25 @@
+NAKASONE SOUNDS CONCILIATORY NOTE IN CHIP DISPUTE
+  Prime Minister Yasuhiro Nakasone sounded
+  a conciliatory note in Japan's increasingly bitter row with the
+  United States over trade in computer microchips.
+      "Japan wants to resolve the issue through consultations by
+  explaining its stance thoroughly and correcting the points that
+  need to be corrected," he was quoted by Kyodo News Service as
+  saying.
+      While expressing regret over America's decision to impose
+  tariffs on imports of Japanese electrical goods, Nakasone said
+  Tokyo was willing to send a high-level official to Washington
+  to help settle the dispute.
+      Government officials said Japan would make a formal request
+  next week for emergency talks and that the two sides would
+  probably meet the week after, just days before the April 17
+  deadline set by Washington for the tariffs to take effect.
+      Tokyo is expected to propose a joint U.S./Japan
+  investigation of American claims that Japanese companies are
+  dumping cut-price chips in Asian markets.
+      On Friday, Washington announced plans to put as much as 300
+  mln dlrs in tariffs on imports of certain Japanese electronic
+  goods in retaliation for what it sees as Tokyo's failure to
+  live up to their bilateral chip pact.
+  
+
diff --git a/reuters/training/10768 b/reuters/training/10768
new file mode 100644
index 0000000000000000000000000000000000000000..57faf9d257d5897a44a85e74fa50e7c333a2ad3a
--- /dev/null
+++ b/reuters/training/10768
@@ -0,0 +1,25 @@
+AMYLUM CHAIRMAN DISAPPOINTED BY FERRUZZI-CPC DEAL
+  Belgian starch manufacturer <Amylum NV>
+  is surprised and disappointed that its 675 mln dlr offer for
+  the European business of CPC International Inc <CPC.N> was
+  apparently rejected in favour of a lower 630 mln dlr bid by
+  Italy's <Gruppo Ferruzzi>, chairman Pierre Callebaut said.
+      Callebaut told Reuters that Amylum, a leading starch and
+  isoglucose manufacturer in which Britain's Tate and Lyle Plc
+  <TATL.L> holds a 33.3 pct stake, had made an undisclosed
+  initial takeover offer for CPC's European corn wet milling
+  business by the close of CPC's tender on March 17.
+      The offer was raised on March 24 to a final 675 mln dlrs in
+  cash after CPC told Amylum its initial bid was below Ferruzzi's
+  630 mln stg offer, Callebaut said.
+      On the same day, CPC announced it had agreed in principle
+  to sell its European business to Ferruzzi in a 630 mln dlr
+  deal.
+      Noting that Ferruzzi was studying a public offering of
+  shares in its unit <European Sugar (France)> to fund the CPC
+  takeover, Callebaut said Amylum may still succeed in its bid.
+      "For the time being we just await developments. But I note
+  that whereas our higher offer was in cash, Ferruzzi apparently
+  is still organising finance," Callebaut said.
+  
+
diff --git a/reuters/training/10769 b/reuters/training/10769
new file mode 100644
index 0000000000000000000000000000000000000000..6986f607214ae1897b7dcce7e7b955b135d07182
--- /dev/null
+++ b/reuters/training/10769
@@ -0,0 +1,19 @@
+SUMITA SAYS HE DOES NOT EXPECT FURTHER DOLLAR FALL
+  Bank of Japan governor Satoshi Sumita
+  said he does not expect the dollar to remain unstable and fall
+  further.
+      He told a Lower House Budget Committee in Parliament that
+  the Bank of Japan would continue to cooperate closely with
+  other major nations to stabilize exchange rates.
+      The central bank has been keeping extremely careful watch
+  on exchange rate movements since last week, he said.
+      He said the dollar would not continue to fall because of
+  underlying market concern about the rapid rise of the yen.
+      Sumita said the currency market has been reacting to
+  overseas statements and to trade tension between Japan and the
+  U.S. over semiconductors.
+      The yen's tendency to rise will prevent Japan from
+  expanding domestic demand and undertaking necessary economic
+  restructuring, he said.
+  
+
diff --git a/reuters/training/1077 b/reuters/training/1077
new file mode 100644
index 0000000000000000000000000000000000000000..4ed1e4cd1d687ddf911682d77c4c1042da385c31
--- /dev/null
+++ b/reuters/training/1077
@@ -0,0 +1,15 @@
+THREE KILLED IN SOUTH AFRICA ZINC REFINERY CLASH
+  Three black workers were killed and
+  seven injured in fighting at a South African zinc refinery last
+  night, Gold Fields of South Africa Ltd said.
+      The company said two groups of workers began attacking each
+  other at about 1000 local time with machetes, knives and sticks
+  at a hostel at the Zincor plant, some 40 kms east of
+  Johannesburg.
+      It said the fighting was "quelled" after 25 minutes by its
+  own security staff. Police were called but the fighting had
+  ended by the time they arrived.
+      A company spokesman said he had no idea of the cause of the
+  fighting. An investigation was underway, he said.
+  
+
diff --git a/reuters/training/10770 b/reuters/training/10770
new file mode 100644
index 0000000000000000000000000000000000000000..eed57171e8d7bd3c08ec3642d84a0e346ce72541
--- /dev/null
+++ b/reuters/training/10770
@@ -0,0 +1,13 @@
+DLR FALLS ON FEARS, MIYAZAWA SAYS
+  Finance Minister Kiichi Miyazawa said
+  that the dollar's drop today to 145 yen is partly attributable
+  to the perception inside and outside Japan that the country has
+  failed to fulfill its promise to expand domestic demand.
+      He told a Lower House budget committee in Parliament that
+  it was natural for other nations to think that Japan is not
+  doing enough because of the delay in the passage of the 1987/88
+  budget.
+      The budget has been delayed by opposition boycotts of
+  Parliament to protest government plans for a new sales tax.
+  
+
diff --git a/reuters/training/10771 b/reuters/training/10771
new file mode 100644
index 0000000000000000000000000000000000000000..4263ab56ebd84a47ee4aaf5f81fefd5ee850d21c
--- /dev/null
+++ b/reuters/training/10771
@@ -0,0 +1,86 @@
+JAPAN ISOLATED, YEN RISES, WORLD FEELS CHEATED
+  Japan is becoming dangerously isolated
+  again as the U.S. And Europe feel they have been cheated by
+  Japanese promises to switch from export to domestic-led growth,
+  officials and businessmen from around the world said.
+      As the dollar today slipped to a record low below 145 yen,
+  making Japanese exporters and holders of dollar investments
+  grit their teeth harder, Finance Minister Kiichi Miyazawa said
+  there was a perception Japan had reneged on its promise.
+      The problem goes deep and centres on misunderstandings by
+  both sides over the key Maekawa report of April, last year.
+      The document was prepared by a private committee formed by
+  Prime Minister Yasuhiro Nakasone and led by former Bank of
+  Japan head Haruo Maekawa. It recommended that to stop friction
+  due to its large trade surpluses, Japan must "make a historical
+  transformation in its traditional policies on economic
+  management and the nation's lifestyle. There can be no further
+  development for Japan without this transformation."
+      Americans and Europeans took the report to heart and have
+  looked in vain for clear signs of this historic change. But the
+  Japanese remain doubtful about the short, or even medium term
+  prospects of totally transforming their economic habits.
+      The bubble of frustration against what appears as Japanese
+  prevarication burst last week. The U.S. Said it intended to
+  raise tariffs of as much as 300 mln dlrs on Japanese exports to
+  the U.S. On the grounds Japan had abrogated a bilateral
+  semiconductor pact.
+      British Prime Minister Margaret Thatcher threatened to
+  block Japanese financial firms from London after the Japanese
+  placed what the British say are restrictive conditions on a bid
+  by British firm Cable and Wireless to join a domestic
+  telecommunications joint venture.
+      On Friday, European currency dealers said European central
+  banks, annoyed at restrictive Japanese trade practises, might
+  leave Japan alone to intervene to staunch the rise of the yen.
+      Eishiro Saito, head of top Japanese business group
+  Keidanren, spotted the dangers inherent in such contradictory
+  views last November when he visited the European Community.
+  "Related to this matter of (trade) imbalance, the point that I
+  found to be of great cause for alarm during this trip to Europe
+  was the excessive degree of hope placed by the Europeans in the
+  results of the Maekawa report," he said.
+      "We explained that the process of restructuring the economy
+  away from its dependence on exports toward a balance between
+  domestic and external demand...Would take time," Saito said.
+      Saito's words were ignored. In February, EC Industrial
+  Policy Director Heinrich von Moltke came to Japan and said "I
+  only know that your government, under the leadership of
+  Maekawa, points to restructuring your economy into a less
+  outward looking, more inward looking one. It is the Maekawa
+  report which has attracted the most attention in Europe."
+      And Europeans and Americans want quick action. "A far better
+  answer than protectionism would be structural change within the
+  Japanese economy, the kind suggested by the Maekawa report. And
+  we hope to see changes occur in the near future," visiting
+  Chairman of General Motors Roger Smith said in March.
+      Such expectations are now ingrained, which was partly the
+  fault of Nakasone, who heralded Maekawa's report as a sea of
+  change in Japanese affairs, said U.S. Officials.
+      Months before the report was issued, U.S. And EC business
+  leaders met their Japanese colleagues to discuss the trade
+  problem.
+      "We are more anxious than ever that the new approach of the
+  Maekawa committee does lead to speedy and effective action,"
+  said EC Industrial Union leader Lord Ray Pennock.
+      "The important implication of the Maekawa report is that it
+  is finally looking to let Japanese enjoy the fruits of their
+  labour," said Philip Caldwell, Senior Managing Director of
+  Shearson Lehman Brothers.
+      Contents of the report were leaded well ahead of issuance.
+      Japanese officials say they are implementing the report as
+  fast as they can, said a European ambassador who has travelled
+  the country asking about this issue.
+      He said People mentioned many things in line with the
+  spirit of the report, including restructuring of the coal and
+  steel industries.
+      A major misunderstanding is that the private report was
+  government policy. Europeans are confused about this,
+  underlined by von Moltke's reference to the "leadership" of the
+  Maekawa report. Even so, Japanese officials point to last
+  September's government programme of new economic measures.
+  "Without endorsing the report as policy, officials point out
+  that the government has put its signature to a programme
+  designed to implement the report," the ambassador said.
+  
+
diff --git a/reuters/training/10773 b/reuters/training/10773
new file mode 100644
index 0000000000000000000000000000000000000000..7bb53beec648d3792b2740a284e63fc227db7d98
--- /dev/null
+++ b/reuters/training/10773
@@ -0,0 +1,35 @@
+PHILADELPHIA EXCHANGE TO EXTEND HOURS FOR ASIA
+  The Philadelphia Stock Exchange (PHLX),
+  a leading trader of currency options, plans to extend its
+  trading hours to serve Australasian and Far Eastern markets,
+  exchange president Nicholas Giordano said.
+      He told reporters the PHLX will open a new session between
+  1900 and 2300 hours U.S. EST from the beginning of the third
+  quarter this year.
+      The PHLX is also opening an office in Hong Kong to serve
+  clients in the region and educate financial markets about the
+  advantages of currency options, Giordano said.
+      Giordano was in Sydney to start an Asian-Pacific tour by
+  exchange executives promoting the hedging benefits of the
+  exchange-trade currency option market against existing
+  over-the-counter option trading during the local working day.
+      Currency options pioneered by the PHLX in 1982 had become
+  an accepted means of hedging against foreign exchange risk and
+  had grown in popularity, he said.
+      The PHLX now offered options in eight currencies, including
+  a new Australian dollar option, and traded an average 42,000
+  contracts daily with underlying open interest of more than 30
+  billion U.S. Dlrs.
+      Giordano said the exchange had been impressed with the
+  performance of its Australian dollar contract, which since its
+  introduction last year had regularly topped the French franc as
+  the third most popular traded option, with up to 8,000
+  contracts traded daily.
+      Having the Philadelphia exchange open during the
+  Asia-Pacific market day would open new hedging opportunities,
+  set a truer level for over-the-counter option trading, increase
+  arbitraging opportunities and give corporations and treasuries
+  access to a currency option market of much greater depth and
+  liquidity with the security of a clearing house, he said.
+  
+
diff --git a/reuters/training/10774 b/reuters/training/10774
new file mode 100644
index 0000000000000000000000000000000000000000..e3fdc795d93331d7868ccb4ba5041480ec7c17bd
--- /dev/null
+++ b/reuters/training/10774
@@ -0,0 +1,25 @@
+JAPAN CAREFULLY CONSIDERING MONEY POLICY - SUMITA
+  Bank of Japan governor Satoshi Sumita
+  said the central bank will carefully consider its monetary
+  policy in light of the recent sharp fall of the dollar.
+      Asked if the Bank of Japan will consider a further cut in
+  its discount rate, he said he now thinks the bank will have to
+  carefully consider its future money policy.
+      He told a Lower House Budget Committee in Parliament that
+  credit conditions have been eased by the five discount rate
+  cuts by Japan since the beginning of last year.
+      Japan must now be especially careful about a flare-up in
+  inflation, with money supply growth accelerating, he said.
+      Sumita said the central bank would continue to make a
+  judgement on monetary policies while watching consumer prices,
+  exchange rates and economic and financial conditions both in
+  and outside Japan.
+      Asked if the September 1985 Plaza agreement was a failure
+  because the dollar had fallen too far, Sumita said he still
+  thought the pact was a good one in the sense that it had
+  corrected the overvaluation of the dollar. But the Plaza accord
+  did not set any target for the dollar's fall, he said.
+      The dollar's steep fall stems from the market's belief that
+  the trade imbalance will continue to expand, he said.
+  
+
diff --git a/reuters/training/10779 b/reuters/training/10779
new file mode 100644
index 0000000000000000000000000000000000000000..54c76ca760cf90ca7fc4fc0381ca73c10ceb2f84
--- /dev/null
+++ b/reuters/training/10779
@@ -0,0 +1,56 @@
+TOKYO BIDS TO STOP CHIP ROW BECOMING TRADE WAR
+  Japan is seeking to prevent its computer
+  chips dispute with the U.S. From erupting into a full-scale
+  trade war, government officials said.
+      "We hope that the dispute on this specific issue won't have
+  an adverse effect on our overall relationship with the United
+  States," a Ministry of International Trade and Industry (MITI)
+  official said.
+       On Friday, Washington announced plans for as much as 300
+  mln dlrs in tariffs on Japanese electronic goods for Tokyo's
+  alleged failure to live up to a bilateral computer chip pact.
+      That agreement, reached last year after heated
+  negotiations, called on Japan to stop selling cut-price chips
+  in world markets and to buy more American-made semiconductors.
+      Foreign Ministry officials immediately tried to isolate the
+  fall-out from the dispute by seeking to separate it from Prime
+  Minister Yasuhiro Nakasone's planned trip to Washington at the
+  end of April.
+      While Japan has already done about all it can to make sure
+  the chip pact is working, the government is studying measures
+  it can take in other fields to defuse American anger and ensure
+  the trip's success, they said.
+      "The perception of Japan in the (U.S.) Congress is very bad,"
+  one official told Reuters. "We would very much like to do
+  something to respond to that."
+      In an apparent effort to prevent the chip dispute from
+  spreading to other areas, MITI officials sought to depict the
+  U.S. Action as a severe warning to Japanese semiconductor
+  makers, not to the government.
+      Faced with a belligerent domestic chip industry and an
+  angry American Congress, the Japanese government has been
+  forced to walk an increasingly fine line in the semiconductor
+  dispute, trade analysts said.
+      They said that it was an open secret that Japan's largest
+  chip maker, NEC Corp, was not happy with what it viewed as the
+  draconian measures MITI was taking to implement the pact,
+  included enforced production cuts.
+      The angry response of Japanese chip makers yesterday to the
+  announcement of the U.S. Tariffs highlighted the difficulties
+  the government faces in taking further action.
+      "Japanese semiconductor manufacturers have complied with the
+  U.S./Japan agreement," said Shoichi Saba, Chairman of the
+  Electronic Industries Association of Japan.
+      He accused the U.S. of being "irrational." He said the U.S.
+  action had made the bilateral chip pact "meaningless."
+      Saba's comments contrasted with those of Prime Minister
+  Yasuhiro Nakasone, who said Tokyo wanted to solve the dispute
+  through consultations.
+      Japan is expected to send a high-level official to
+  Washington early next month to try to convince the U.S. Not to
+  go ahead with the tariffs on April 17.
+      Trade analysts say Tokyo is likely to outline industry
+  plans to step up purchases of U.S. chips and to propose a joint
+  investigation into U.S. allegations of chip dumping.
+  
+
diff --git a/reuters/training/1078 b/reuters/training/1078
new file mode 100644
index 0000000000000000000000000000000000000000..d67409e8f08c742da34639ff052dffa634b7a5d6
--- /dev/null
+++ b/reuters/training/1078
@@ -0,0 +1,14 @@
+FED EXPECTED TO ADD TEMPORARY RESERVES
+  The Federal Reserve is expected to
+  enter the U.S. Government securities market to add temporary
+  reserves, economists said.
+      They expect it to supply the reserves indirectly by
+  arranging 1.5 to two billion dlrs of customer repurchase
+  agreements. The Fed may add the reserves directly instead via
+  System repurchases.
+      Federal funds, which averaged 6.18 pct yesterday, opened at
+  6-3/16 pct and stayed there in early trading. Analysts said the
+  rate is under upward pressure partly from settlement of 8.25
+  billion dlrs of five-year Treasury notes.
+  
+
diff --git a/reuters/training/10780 b/reuters/training/10780
new file mode 100644
index 0000000000000000000000000000000000000000..70b30bf76539e8bbba434d0f066f9530bdc72828
--- /dev/null
+++ b/reuters/training/10780
@@ -0,0 +1,97 @@
+U.S. APPEARS TO TOLERATE FURTHER DLR DECLINE
+  In a bid to hasten Japan's promise
+  to speed up its economic growth and open markets to foreign
+  trade, top U.S. officials appear once again to have signaled
+  their tolerance of a lower dollar.
+      Treasury Secretary James Baker and one of his top aides,
+  Assistant Secretary David Mulford, said last week there was no
+  target for the dollar, a statement that sent the yen soaring
+  against the dollar, despite massive central bank intervention.
+      "That was no slip of the tongue," said one western monetary
+  official, who asked not to be identified.
+      For now, the strategy appears to be working. Japanese
+  officials said late last week a package to bolster domestic
+  demand will be ready in early April. Until last week, there
+  were few indications the package would be ready anytime soon.
+      The Reagan administration, facing an uproar in Congress
+  over the apparent lack of progress in cutting the 169.8 billion
+  dlr trade deficit, is learning now that to extract results from
+  Japan, dramatic action is required.
+      Last week the White House imposed unprecedented tariffs on
+  certain Japanese electronic goods after Tokyo failed to adhere
+  to a semi-conductor pricing accord between the two countries.
+      The shift in U.S. strategy, in part designed to appease
+  mounting Congressional anger over Japanese policies, comes just
+  two weeks before industrial nations reconvene here to review
+  the Paris agreement to stabilize currencies.
+      And news that Japan earned a record 18 billion dlr trade
+  surplus in the first two months this year just underscored the
+  need for urgent action, in the view of U.S. officials.
+      Nonetheless, U.S. officials see signs of improvement in the
+  deficit. "I'd be stunned if we were not going to derive some
+  benefits (from the lower dollar) soon," said one.
+      In Paris, leading industrial nations agreed to cooperate
+  closely to foster currency stability within ranges reflecting
+  "underlying economic fundamentals" or economic reality.
+      The agreement envisages those fundamentals to include Japan
+  and West Germany stimulating their economies and the United
+  States cutting its budget deficit.
+      The three nations, joined by France, Britain and Canada,
+  agree these policies are essential to redress huge global trade
+  imbalances.
+      But analysts say markets have signalled the underlying
+  fundamentals imply a lower dollar, rather than a stable one.
+      Markets, in effect, are less confident than governments
+  that these measures -- including U.S. budget deficit cuts
+  agreed by Congress and the White House --will be carried out.
+      Nonetheless, the dollar's sharp fall has not undermined 
+  cooperation. A U.S. economic policymaker said the accord was on
+  track and Tokyo and Bonn seem "to want more stimulative measures
+  which is what the Paris accord calls for."
+      International monetary sources said exchange market
+  developments generally have not unsettled policymakers,
+  although Japan is an obvious exception. "Everybody feels it can
+  still be managed," one source said of market developments.
+      But last week, the Bank of Japan spent an estimated five
+  billion dlrs intervening to halt the rise in the yen, and other
+  central banks about one billion dlrs.
+      Another monetary source said Japan was upset with America's
+  half-hearted attempt to halt the falling dollar, flouting the
+  Paris accord outright.
+      The source, close to the top levels of Japanese economic
+  policymaking, said Japan's understanding of the accord was that
+  the yen would be kept at around 154 to the dollar, the level it
+  stood at when the accord was struck.
+      The source said Tokyo was extremely worried by Washington's
+  use of the exchange rate to change Japanese policies. It was a
+  "pointed reminder" to Japan to do something about the trade
+  issues, the source said of the dollar's fall against the yen.
+      By departing last Sunday from the language of the Paris
+  accord -- that nations agreed to foster currency stability
+  around current levels -- Baker triggered a run on the dollar.
+      Later in the week, Mulford too said there was no target for
+  the dollar and called on Japan and West Germany to live up to
+  their international responsibilities and stimulate growth.
+      But U.S. officials said recent market developments will not
+  unravel the spirit of the Paris agreement.
+      "There's a realisation now that you cannot leave things
+  alone, everyone agrees that the external (trade) imbalances
+  ought to be adjusted," one official said.
+      "While no-one is going to cede national sovereignty, we
+  certainly seem to be moving towards much closer co-operation,"
+  another U.S. official said.
+      The officials said the meeting here, where the six will be
+  joined by Italy, will be a status report.
+      "Japan will have to explain what the state of their program
+  is and Germany will report on its plans. Maybe there's a need
+  to move faster," one source said.
+      Mulford told Congress last week the Paris accord called, in
+  effect, for currency stability for several months. This would
+  buy time for Japan and West Germany to speed up their economic
+  growth and help bring down the U.S. trade deficit.
+      His comments appeared to serve notice on other major
+  nations that Washington cannot wait too long for action to
+  reduce the gap between the Japanese and German trade surpluses
+  and the U.S. trade deficit.
+  
+
diff --git a/reuters/training/10781 b/reuters/training/10781
new file mode 100644
index 0000000000000000000000000000000000000000..b3812cc3b5c80bd5dba0cc902afd99aa9ad4ef7f
--- /dev/null
+++ b/reuters/training/10781
@@ -0,0 +1,24 @@
+BALDRIGE PREDICTS END OF U.S.-JAPAN TRADE DISPUTE
+  The United States and Japan will
+  soon settle their trade dispute over semiconductors, U.S.
+  Commerce secretary Malcolm Baldrige said on television.
+      Baldrige, referring to the U.S.-Japan trade agreement on
+  semiconductors, said: "Their government wants to live up to it.
+  Their industries haven't been doing it, and I think we'll have
+  a good settlement to spare both sides."
+      "I think the Japanese understand full well that they haven't
+  lived up to this commitment," he said.
+      He added: "I do not think there will be a trade war at all."
+      On Friday, Washington announced plans to put as much as 300
+  mln dlrs in tariffs on Japanese electronic goods from April 17,
+  because of Tokyo's failure to observe the agreement.
+      The officials said the tariffs would be ended as soon as
+  Japan started adhering to the agreement. But they said there
+  was little chance Japan could react quickly enough to avert the
+  higher tariffs.
+      Baldrige said the Reagan administration hoped the strong
+  U.S. Action against Japan would convince Congress to tone down
+  protectionist trade legislation now being drafted.
+      He denied the action had been taken for that reason.
+  
+
diff --git a/reuters/training/10782 b/reuters/training/10782
new file mode 100644
index 0000000000000000000000000000000000000000..647e005261cacf726451c3c3821c35cde48eefae
--- /dev/null
+++ b/reuters/training/10782
@@ -0,0 +1,11 @@
+U.S. BANKER PREDICTS FURTHER DOLLAR FALL THIS YEAR
+  A leading U.S. Banker said the dollar
+  was likely to fall another five to 10 pct this year and an
+  improvement in the huge American trade deficit would be only
+  temporary at current world exchange rate levels.
+      Kurt Viermetz, worldwide treasurer of Morgan Guaranty Trust
+  Co, told Arab currency traders meeting here that the steady
+  depreciation of the dollar had not gone far enough to rein in
+  U.S. deficits on a lasting basis.
+  
+
diff --git a/reuters/training/10784 b/reuters/training/10784
new file mode 100644
index 0000000000000000000000000000000000000000..90e996a989b9f5fd910e641d3e6954ea4d6e107d
--- /dev/null
+++ b/reuters/training/10784
@@ -0,0 +1,60 @@
+INVESTOR GROUP PUTS PRESSURE ON GENCORP <GY>
+  An investor partnership, seeking to
+  acquire GenCorp Inc, said it would attempt to unseat the
+  company's board of directors and take other hostile actions if
+  the firm refuses to discuss its 2.3 billion dlr takeover bid.
+      General Acquisition Co, comprising investors Wagner and
+  Brown and glass-maker AFG Industries, also reiterated its
+  willingness to negotiate with Gencorp.
+      The partnership has earlier offered 100 dlrs per share for
+  GenCorp -- a tire, broadcasting, plastics and aerospace
+  conglommerate.
+      Analysts have speculated that GenCorp, on a break-up basis,
+  could fetch more than 110 to 120 dlrs per share.
+      GenCorp officials had no comment on General Acquisition's
+  statement but a spokesman reiterated an earlier request to
+  shareholders to wait until its board renders an opinion before
+  making a decision on the General Acquisition tender.
+      Gencorp said its statement would be made on or before the
+  company's annual meeting, scheduled for Tuesday.
+      General Acquisition made its statement in a letter sent to
+  the GenCorp board on Friday.
+      The partnership said it was willing to negotiate all points
+  of its offer, including price.
+      The group the board cannot fully carry out its fiduciary
+  duties to GenCorp shareholders and make a fully informed
+  decision about its offer until it has "thoroughly explored with
+  us the ways in which our offer can be revised to provide
+  greater value to your shareholders."
+      General Acquisition said it is aware the board may be
+  reviewing alternative transactions which might provide GenCorp
+  shareholders with a payment other than cash.
+      "If that is the case, you should recognize that our
+  additional equity capital may very well enable us to offer cash
+  and securities having greater value than GenCorp could provide
+  in any similarly structured transaction," the partnership said.
+      General Acquisition also said it believes that GenCorp's
+  board has an obligation to present any alternative transaction
+  it may propose to shareholders in a manner that would allow for
+  competing offers.
+      The partnership requested that if any other proposal is
+  under consideration that it be given the same information
+  available to GenCorp's managers and advisers in constructing a
+  proposal.
+       General Acquisition said that if GenCorp agrees to accept
+  another buyout proposal that it also be given an opportunity to
+  bid on a competitive and fair basis before any final decision
+  is made.
+      General Acquisition repeated its request that GenCorp
+  remove its "poison pill" or shareholders rights plan.
+      General Acquisition said if GenCorp does not allow an
+  "environment for fair competition," it will take all steps
+  necessary to create such an enviroment.
+      It said it may take legal action or seek the support of
+  shareholders in calling a special meeting to replace the board
+  and to consider other proposals it might develop.
+      General Acquisition also said if the board decides to
+  accept an alternate proposal it asked that it not accept a plan
+  that would include defensive features.
+  
+
diff --git a/reuters/training/10786 b/reuters/training/10786
new file mode 100644
index 0000000000000000000000000000000000000000..8d7aac34051f5465f7650ec0716247c58ff22089
--- /dev/null
+++ b/reuters/training/10786
@@ -0,0 +1,10 @@
+UNITED BANKS COLORADO <UBKS> ACQUISITION CLEARED
+  United Banks of Colorado Inc said it has
+  received Federal Reserve Board approval to acquire IntraWest
+  Financial Corp <INTW> in an exhcnmage of 0.7234 United share
+  for each IntraWest share.
+      The company said the acquisition is still subject to 30-day
+  review by the U.S. Justice Department and is expected to be
+  completed in the second quarter.
+  
+
diff --git a/reuters/training/10787 b/reuters/training/10787
new file mode 100644
index 0000000000000000000000000000000000000000..9403f317a7d54f382ed133f227f571910271f82d
--- /dev/null
+++ b/reuters/training/10787
@@ -0,0 +1,9 @@
+SUFFIELD'S <SSBK> COASTAL <CSBK> BUY CLEARED
+  Suffield Financial Corp said it
+  has received approvcal from the Maine Bureau of Banking for its
+  proposed acquisition of Coastal Bancorp of Portland, Maine, and
+  the acquisition is expected to close around April One.
+      The approval was the last regulatory clearance required for
+  the transaction.
+  
+
diff --git a/reuters/training/10788 b/reuters/training/10788
new file mode 100644
index 0000000000000000000000000000000000000000..ac37afd39d2da633b9217526984b1d54e8e7869d
--- /dev/null
+++ b/reuters/training/10788
@@ -0,0 +1,12 @@
+MARKETING SYSTEMS <MASY> SEEKS ACQUISITIONS
+  Marketing Systems of America Inc
+  said it has retained Richter, Cohen and Co to assist in efforts
+  to redirect its business through merger or acquisition.
+      The company said as consideration for services to be
+  renedered, it has agreed to grant Richter five-year warrants to
+  buy 231,000 common shares at 32 cts each, exercisable starting
+  in March 1988, and a negotiated fee on completion of any
+  transaction.  It said it has the right to cancel the warrants
+  after one year if no transaction has been completed.
+  
+
diff --git a/reuters/training/1079 b/reuters/training/1079
new file mode 100644
index 0000000000000000000000000000000000000000..3365378170d0cb42dc3aa3d6b3a64e69b8fdf671
--- /dev/null
+++ b/reuters/training/1079
@@ -0,0 +1,17 @@
+EC INDUSTRY OUTPUT GROWTH SLOWS IN 1986
+  European Community industrial output
+  increased by an average of around two pct last year, compared
+  with 3.3 pct growth recorded in 1985 against a year earlier,
+  the EC statistics office Eurostat said.
+      Growth was highest in Portugal at five pct, while in Greece
+  output contracted by 0.3 pct, Eurostat said in a statement.
+      Eurostat noted output growth also fell in the U.S. And
+  Japan. U.S. Production increased 1.1 pct after 2.0 pct in 1985,
+  while in Japan output contracted by 0.5 pct after rising 4.5
+  pct a year earlier.
+      Eurostat said EC industrial production in December rose 3.1
+  pct compared with 12 months earlier but added that after
+  adjustment for seasonal factors, output growth had been clearly
+  slowing down since the beginning of the summe
+  
+
diff --git a/reuters/training/10790 b/reuters/training/10790
new file mode 100644
index 0000000000000000000000000000000000000000..36af960a1ea276f5f3f67ddd9c329b0355f69ee7
--- /dev/null
+++ b/reuters/training/10790
@@ -0,0 +1,14 @@
+ORACLE SYSTEMS <ORCL> FILES FOR OFFERING
+  Oracle Systems Corp said it has
+  filed for an offering of 2,300,000 common shares, after
+  adjustment for a recent two-for-one stock split, including
+  800,000 to be sold by shareholders.
+      The company said lead underwriters are Alex. Brown and Sons
+  Inc <ABSB> and <Donaldson, Lufkin and Jenrette Securities
+  Corp>.  The offering is expected to be made in early April,
+  with company proceeds used to repay all short-term debt, for
+  working capital and for possible acquisitions.
+      Oracle said after the offering it will have about 28.5 mln
+  shares outstanding.
+  
+
diff --git a/reuters/training/10794 b/reuters/training/10794
new file mode 100644
index 0000000000000000000000000000000000000000..c723a705f7d56e41f12f4c993793ef97e0977a00
--- /dev/null
+++ b/reuters/training/10794
@@ -0,0 +1,12 @@
+SKANSKA TO TAKE STAKE IN CANADIAN FIRM
+  Swedish construction and real estate
+  company Skanska AB <skbs.St.> said it will sell its 49 pct
+  holding in Canadian building firm <Canadian Foundation Company
+  Ltd> to rival <Banister Continental Ltd>.
+      A company spokeswoman told Reuters Skanska will receive
+  Banister shares as payment, giving the Swedish group 15 pct of
+  the stock in the expanded Banister firm.
+      She said Skanska will also be appointing two board members
+  to the Canadian company.
+  
+
diff --git a/reuters/training/10796 b/reuters/training/10796
new file mode 100644
index 0000000000000000000000000000000000000000..3df05c8c58a324540063c3181190447d206251a3
--- /dev/null
+++ b/reuters/training/10796
@@ -0,0 +1,9 @@
+U.K. MONEY MARKET GIVEN 129 MLN STG ASSISTANCE
+  The Bank of England said it had provided
+  the money market with assistance worth 129 mln stg in the
+  afternoon session. This compares with the Bank's forecast of a
+  shortage in the system today of around 100 mln stg.
+      The central bank purchased 129 mln stg bank bills in band
+  one at 9-7/8 pct.
+  
+
diff --git a/reuters/training/10797 b/reuters/training/10797
new file mode 100644
index 0000000000000000000000000000000000000000..fc56957a68dc3bb465c9d408cdebbb4404998a7c
--- /dev/null
+++ b/reuters/training/10797
@@ -0,0 +1,39 @@
+GREECE SCRAPS U.S. BASE CLOSURE REQUEST
+  Prime Minister Andreas Papandreou has
+  withdrawn a request to Washington to suspend operations at an
+  American army base near Athens as a Greek-Turkish row over oil
+  rights in the Aegean eased.
+      A Turkish research ship which Greece had threatened to
+  tackle if it sailed into disputed waters in the Aegean Sea kept
+  to Turkish territorial waters yesterday, avoiding a potential
+  clash.
+      Papandreou expressed qualified optimism after briefing
+  opposition leaders on Aegean developments early yesterday.
+      The Greek government later withdrew Friday's request to
+  Washington to close down its telecommunications base at Nea
+  Makri, north of Athens, saying that the reasons which had
+  prompted it to make the request were no longer valid.
+      Under the terms of the U.S.-Greek bases accord, Greece has
+  the right to ask for suspension of operations at times when its
+  national interests are threatened.
+      The row in the Aegean erupted after Turkey said it would
+  search for oil round three Greek islands off its coast
+  following an announcement from Greece that it planned to drill
+  east of Thassos island after taking control of a Canadian-led
+  oil consortium operating in the northern Aegean.
+      Turkey accused Greece of breaching the 1976 Berne Agreement
+  under which both sides agreed to preserve the status quo in the
+  Aegean until their continental shelf dispute was settled.
+  Athens says it considers the accord inactive.
+      The Turkish Foreign Ministry said in a statement it had
+  received an assurance from Greece that it would not carry out
+  oil activities outside its territorial waters. Greece declined
+  comment on the statement.
+      Papandreou repeated an invitation to Turkey to take the
+  long-standing continental shelf dispute to the International
+  Court of Justice at The Hague.
+      Conservative opposition leader Constantine Mitsotakis said
+  he had urged Papandreou to accept an offer from NATO General
+  Secretary Lord Carrington to help resolve the row.
+  
+
diff --git a/reuters/training/108 b/reuters/training/108
new file mode 100644
index 0000000000000000000000000000000000000000..3aaef5019a3d5b0daf94469ff9ef542cc94854f2
--- /dev/null
+++ b/reuters/training/108
@@ -0,0 +1,6 @@
+MERIDIAN BANCORP INC <MRDN> SETS REGULAR PAYOUT
+  Qtly div 25 cts vs 25 cts prior
+      Pay April one
+      Record March 15
+  
+
diff --git a/reuters/training/1080 b/reuters/training/1080
new file mode 100644
index 0000000000000000000000000000000000000000..6a2bca5c856894944cc7c38f68a4aa49f26995ed
--- /dev/null
+++ b/reuters/training/1080
@@ -0,0 +1,31 @@
+LSB INDUSTRIES INC <LSB> 4TH QTR NET
+  Shr profit five cts vs loss 2.11 dlrs
+      Net profit 375,061 vs loss 10.4 mln
+      Revs 39.9 mln vs 37.8 mln
+      Avg shrs 6,536,008 vs 4,939,895
+      12 mths
+      Shr profit 47 cts vs loss 3.37 dlrs
+      Net profit 2,837,288 vs loss 16.6 mln
+      Revs 169.1 mln vs 149.4 mln
+      Avg shrs 6,037,640 vs 4,937,378
+      NOTE: primary earnings per share are based on the weighted
+  average number of common and dilutive common equivalent shares
+  outstanding during each period after accounting for preferred
+  stock dividends.
+      The qtr and year 1985 includes a 6,000,000 provision for
+  restructuring costs related to the sale of its Energy business
+  and parts of its Bearing business.
+      The qtr and year 1986 includes charges of 1,200,000 and
+  5,200,000, respectively, for restructuring costs and operating
+  losses which were charged against the previously provided
+  accruals for restructuring costs.
+      The qtr and year 1986 includes deferred income taxes of
+  244,000 and 785,000, respectively.
+      Year net 1986 includes operations of Friedrich Climate
+  Master Inc, which the company acquired in August 1985, for the
+  full period, while the comparable period for 1985 includes only
+  operations from August 16, 1985, to Dec 31, 1985.
+      Third qtr 1986 Includes extraodinary tax gain of 270,000 
+  from early extinquishment of certain drafts payable.
+  
+
diff --git a/reuters/training/10803 b/reuters/training/10803
new file mode 100644
index 0000000000000000000000000000000000000000..81fd6bc853026f038c2ccb86311e60b190a67024
--- /dev/null
+++ b/reuters/training/10803
@@ -0,0 +1,9 @@
+PANAMA SUGAR VESSEL SAFELY DOCKED AT GREENOCK
+  The Panamanian motor vessel Northern 1,
+  4,217 dwt, was safely towed into Greenock over the weekend
+  after having its crankshaft broken off the Scottish coast
+  during severe weather, Lloyds Shipping Intelligence said.
+      Northern 1 was loaded with 3,000 tons of sugar from
+  Demerara.
+  
+
diff --git a/reuters/training/10804 b/reuters/training/10804
new file mode 100644
index 0000000000000000000000000000000000000000..3d6a09ca305cbb3e3392f9a7aee3346141a3e4dc
--- /dev/null
+++ b/reuters/training/10804
@@ -0,0 +1,34 @@
+JAPAN SET TO RIDE OUT YEN RISE, OFFICIALS SAY
+  The government is determined to ride out
+  the latest sharp rise of the yen without taking panic measures
+  because it expects the currency's appreciation to prove
+  temporary, senior officials said.
+      "The market has already located a ceiling (for the yen) and
+  market forces are pushing the dollar back up a bit," one senior
+  Finance Ministry official said.
+      He attributed the dollar's fall in recent days to special
+  factors, in particular, selling by Japanese investors ahead of
+  the March 31 end to their fiscal year.
+      That selling largely came to an end this morning after
+  about one hour of trading here, the senior official said. "They
+  (the investors) became more or less quiet after 10 o'clock
+  (0100 GMT)," he said.
+      After falling to a record low of 144.70 yen this morning,
+  the dollar edged back up in late trading to end at 146.20.
+  Dealers attributed the late rise to remarks by Prime Minister
+  Yasuhiro Nakasone that major nations had agreed to stabilise
+  the dollar above 150 yen.
+      Several officials said they did not see any fundamental
+  reason for the dollar's recent sharp fall.
+      One official even called the market's recent actions
+  irrational. If anything, the U.S. Decision to slap tariffs on
+  Japanese electronics goods should support the dollar against
+  the yen because it will cut Japanese exports to the U.S., He
+  said.
+      As a result, several officials said they saw no reason to
+  alter the broad thrust of government policy agreed to at last
+  month's meeting of major nations in Paris.
+      "We don't see any substantial reason to change our policy
+  stance," one senior official said.
+  
+
diff --git a/reuters/training/10805 b/reuters/training/10805
new file mode 100644
index 0000000000000000000000000000000000000000..91b0129219b741eae051cde541900ad508b475d8
--- /dev/null
+++ b/reuters/training/10805
@@ -0,0 +1,10 @@
+SAGE ANALYTICS <SAII> SETS STOCK SPLIT
+  Sage Analytics International Inc
+  said its board has declared a three-for-two stock split,
+  payable June 22 to holders of record on June Eight.
+      The company also said it will redeem warrants till
+  outstanding on June Two at 10 cts each.  Each two warrants
+  allow the purchase of one common share at six dlrs through June
+  One.  There are presently 800,000 warrants outstanding.
+  
+
diff --git a/reuters/training/10807 b/reuters/training/10807
new file mode 100644
index 0000000000000000000000000000000000000000..c3167c17aed2174c1641b65103f59cc635eac6f7
--- /dev/null
+++ b/reuters/training/10807
@@ -0,0 +1,33 @@
+H.K. DEALERS SAY NAKASONE G-6 COMMENT TOO LATE
+  Remarks by Japan's Prime Minister
+  Yasuhiro Nakasone that last month's G-6 meeting agreed to
+  stabilize the dollar above 150 yen have come too late to
+  influence currency trading, dealers said.
+      After Nakasone's statement the dollar rose to 146.40/50 yen
+  from an initial low of 144.20/40 and New York's Friday finish
+  of 147.15/25. But the rebound was largely on short-covering,
+  they said.
+      "I think (Nakasone's) desperate," said a U.S. Bank foreign
+  exchange manager.
+      Nakasone told a Lower House Budget Committee in Parliament
+  that Japan and other industrialized nations committed
+  themselves in Paris last month to stabilize the dollar above
+  150 yen.
+      Finance Minister Kiichi Miyazawa told the same committee
+  that the six - Britain, Canada, France, Japan, the U.S. And
+  West Germany - had intervened aggressively since the dollar
+  fell below 150 yen.
+      "His (Nakasone) remarks should have been made and should
+  have had a bigger influence when the dollar was still above 150
+  yen," said P.S. Tam of Morgan Guaranty Trust.
+      Tam said the dollar has hit short-term chart targets  and
+  is likely to rebound. But he warned of another dip to below 145
+  yen.
+      Dealers said the worsening trade relations between the U.S.
+  And Japan will continue to depress the dollar.
+      The trade issue has now become a political issue since the
+  Reagan Administration is facing uproar in Congress over
+  th3pYgks in cutting the country's 169.8 billion dlr trade
+  deficit, they said.
+  
+
diff --git a/reuters/training/10808 b/reuters/training/10808
new file mode 100644
index 0000000000000000000000000000000000000000..14b4dbd070bb4b13968fb01465a4c533f3020a72
--- /dev/null
+++ b/reuters/training/10808
@@ -0,0 +1,16 @@
+JAPAN CONDUCTS CURRENCY SURVEY OF BIG INVESTORS
+  A Finance Ministry official said the
+  ministry has recently conducted a survey on foreign exchange
+  transactions by institutional investors but declined to say if
+  it was aimed at moderating their dollar sales.
+      However, financial market sources said they had heard the
+  ministry has asked life insurance and securities firms to
+  refrain from selling dollars, but they were unable to confirm
+  this directly.
+      Dealers said life insurance firms were not major sellers of
+  dollars in recent trading sessions because they had already
+  sold them to hedge risks.
+      Dealers said securities houses and trust banks on the other
+  hand have aggressively sold the dollar.
+  
+
diff --git a/reuters/training/10809 b/reuters/training/10809
new file mode 100644
index 0000000000000000000000000000000000000000..f8a18031c91877291be67016e0d7bfb2a5216aa5
--- /dev/null
+++ b/reuters/training/10809
@@ -0,0 +1,61 @@
+JAPANESE SEEN LIGHTENING U.S. BOND HOLDINGS
+  The dollar's tumble to a record low of
+  144.70 yen in Tokyo today motivated some major Japanese
+  investors to lighten their U.S. Bond inventory further and is
+  expected to spur diversification into investment assets
+  including foreign and domestic shares, dealers said.
+      The key U.S. 7-1/2 pct Treasury bond due 2016 fell to a low
+  of 96.08-12 in early Tokyo trade against the 98.05-06 New York
+  finish, then recovered to 96.20-22.
+      Some trust bank pension fund acccounts and investment
+  trusts were seen selling several hundred million dollars on the
+  foreign exchange market here today, accentuating the unit's
+  tumble, securities house dealers said.
+      They seem undecided on what to do with the fresh yen cash
+  positions resulting from their dollar sales today, and are
+  sidelined until the currency market stabilises and the interest
+  rates outlook clarifies, a Nikko Securities Co Ltd currency
+  trader said.
+      The dollar's plunge and low yields on U.S. Bonds will
+  further promote diversification into other foreign investments,
+  as well as call back funds into the domestic bond and stock
+  markets from overseas bond markets, securities bond managers
+  said.
+      They said major Japanese investors in the past two years
+  are estimated to have held 50 to 80 pct of their foreign
+  portfolios in U.S. Bonds but many have lightened their U.S.
+  Bond inventory to as low as 40 pct.
+      Since late last year, Japanese investors, seeking
+  substantial liquidity and attractive yields, have used fresh
+  funds to buy mark and Canadian dollar bonds and, after the
+  Paris currency pact, actively bought French franc bonds and
+  gilts while gradually lightening U.S. Bond inventories, the
+  managers said.
+      Dealers said funds tied up in foreign assets had flowed
+  into local bond and stock markets as well.
+      The yield of the key 5.1 pct 89th bond dropped to a record
+  low of 4.080 pct today from the 4.140 Saturday finish and
+  compared with 4.25 pct on three-month certificates of deposit.
+      The key bond has fluctuated less than five basis points for
+  more than a month here, suggesting most dealers could not
+  satisfy their needs for capital gains, dealers said.
+      A market survey by Reuters showed some active accounts in
+  U.S. Treasuries are currently dealing on Tokyo's stock market.
+  The stock market's bullishness late last week was partly due to
+  funds transferred from U.S. Treasuries, dealers said.
+      Japanese net purchases of foreign securities in the first
+  half of March fell an estimated one billion dlrs compared with
+  average monthly net purchases of 7.7 billion for the whole of
+  1986, Finance Ministry sources said.
+      The steep fall is due to Japanese investors' cool attitude
+  towards U.S. Bonds, which had amounted to more than 80 pct of
+  total foreign securities purchased, securities houses managers
+  said.
+      Foreign stock buying in March is expected to exceed the
+  record high of 1.5 billion dlrs seen in December, they said.
+      "Diversification of foreign portfolios is underway and we
+  have bought bonds in currencies such as marks, the Canadian
+  dollar, the ECU and French franc," a fund manager at <Yasuda
+  Trust and Banking Co Ltd> said.
+  
+
diff --git a/reuters/training/10811 b/reuters/training/10811
new file mode 100644
index 0000000000000000000000000000000000000000..11033a2ba566ee8ad4ef4cb126c97aae9e7fa6d4
--- /dev/null
+++ b/reuters/training/10811
@@ -0,0 +1,16 @@
+PERU ANNOUNCES LARGE NEW GOLD FIND
+  President Alan Garcia said Peru has found
+  gold deposits worth an estimated 1.3 billion dlrs in a jungle
+  region near the Ecuadorean border about 1,000 km north of here.
+      He told reporters yesterday the deposits, located at four
+  sites near the town of San Ignasio, contained the equivalent of
+  100 tonnes of gold.
+      Garcia said the government would soon install a two mln dlr
+  treatment plant at Tomaque. It will extract enough ore to
+  provide an estimated 25 mln dlr profit by the end of this year,
+  he added.
+      Garcia said the other gold-bearing deposits are located at
+  Tamborapa, Pachapidiana, and a zone between the Cenepa and
+  Santiago rivers.
+  
+
diff --git a/reuters/training/10815 b/reuters/training/10815
new file mode 100644
index 0000000000000000000000000000000000000000..6c75ca1bbc73cdc61c383d3a428d26d04727efd8
--- /dev/null
+++ b/reuters/training/10815
@@ -0,0 +1,5 @@
+NEWS CORP LTD TO ACQUIRE HARPER AND ROW PUBLISHERS INC FOR 65 DLRS/SHARE
+
+  NEWS CORP LTD TO ACQUIRE HARPER AND ROW PUBLISHERS INC FOR 65 DLRS/SHARE
+  
+
diff --git a/reuters/training/10816 b/reuters/training/10816
new file mode 100644
index 0000000000000000000000000000000000000000..ea9227edd41babb7060a47c21c0638417920529b
--- /dev/null
+++ b/reuters/training/10816
@@ -0,0 +1,18 @@
+CANADIAN WORLDWIDE ENERGY BUYS TRITON<OIL> UNIT
+  <Canadian Worldwide Energy
+  Ltd> said it acquired Triton Energy Corp's wholly owned
+  Canadian subsidiary, Triton Petroleum Ltd, for the issue of
+  3.75 mln common shares of Canadian Worldwide, subject to
+  regulatory approvals.
+      The company said the transaction will increase Triton
+  Energy's holding in Canadian Worldwide to 13.25 mln shrs or a
+  60 pct fully diluted interest from 9.5 mln shares.
+      Triton Petroleum's assets consist of proven oil reserves of
+  1.3 mln barrels, exploratory acreage, and unspecified working
+  capital and a significant tax loss carryforward.
+      Canadian Worldwide said it is optimistic the Triton
+  Petroleum Ltd acquisition will strengthen its financial and
+  production base and permit acceleration of its conventional oil
+  exploration program.
+  
+
diff --git a/reuters/training/10817 b/reuters/training/10817
new file mode 100644
index 0000000000000000000000000000000000000000..5d6a13242cc6ed2b7e13781e7848332c0f3d54c2
--- /dev/null
+++ b/reuters/training/10817
@@ -0,0 +1,9 @@
+CLABIR <CLG> DIVIDENDS NOT TAXABLE
+  Clabir Corp said it has
+  determined all dividends paid on its Class A common in 1986 are
+  not taxable as dividend income.
+      While this is a preliminary estimate, the company said, it
+  may be used by shareholders when preparing 1986 income tax
+  returns.
+  
+
diff --git a/reuters/training/1082 b/reuters/training/1082
new file mode 100644
index 0000000000000000000000000000000000000000..695c93e227f58768748339d1cfdba7816606f647
--- /dev/null
+++ b/reuters/training/1082
@@ -0,0 +1,14 @@
+MORE GOLD DETECTED AT DOYON MINE
+  Lac Minerals Ltd and Cambior Inc said
+  they completed a second hole at their jointly owned Doyon mine
+  in Quebec, which showed two significant gold intersections.
+      One intersection graded 0.33 ounce gold per short ton over
+  44 feet at depth of 1,411 feet, while the other graded 0.22
+  ounce gold per ton over 23 feet at 2,064 feet, the companies
+  said. The hole is 460 feet east of the previously reported
+  first hole.
+      Another hole is being drilled 460 feet to the west of the
+  first drill hole and results are expected in late March or
+  early April.
+  
+
diff --git a/reuters/training/10822 b/reuters/training/10822
new file mode 100644
index 0000000000000000000000000000000000000000..e3a7372c3b829a792e6bc8085b9e9181a05736b0
--- /dev/null
+++ b/reuters/training/10822
@@ -0,0 +1,25 @@
+LENNAR <LEN> SEES STRONG EARNINGS FOR 1987 YEAR
+  Lennar Corp chairman and president,
+  Leonard Miller, said the current backlog of orders and the
+  strong economy point to strong revenues and earnings for the
+  balance of fiscal 1987.
+      He said the company's backlog of sales deposits on Feb 28
+  was 2,416, an increase of 976 units over the previous year.
+      Lennar recorded net earnings for the first quarter 1987 of
+  4,403,000, or 51 cts per share, compared to 1,775,000, or 20
+  cts per share the prior first quarter. It recorded net earnings
+  of 12.5 mln dlrs, or 1.43 dlrs per share, for fiscal 1986.
+      The company also said that at its April 29 annual meeting,
+  shareholders will vote on increasing the company's authorized
+  common stock to 45 mln shares from 15 mln. This will include 30
+  mln shares of common stock and 15 mln shares of class B common
+  stock, it added.
+      Those shareholders who elect to convert their shares into
+  class B stock will be entitled to 10 votes per share while
+  other shareholders will retain one vote per share, Lennar said.
+      The company said if this is approved, it intneds to pay
+  holders of Class B stock a quarterly cash dividend of five cts
+  per share and holders of the other common stock a quarterly
+  cash dividend of six cts per share.
+  
+
diff --git a/reuters/training/10825 b/reuters/training/10825
new file mode 100644
index 0000000000000000000000000000000000000000..5fcc1580188d9335a1187cd8f37ce8bfbe0a0f74
--- /dev/null
+++ b/reuters/training/10825
@@ -0,0 +1,25 @@
+YUGOSLAV TRADE FALLS SHARPLY  STATISTICS SHOW
+  Yugoslav trade is declining rapidly
+  this year in hard currency terms, according to the latest
+  Federal Statistics Office (FSO) figures.
+      The FSO figures showed total exports from January 1 to
+  March 23 valued at 875.59 billion dinars, compared with 667.18
+  billion dinars in the same period last year.
+      These figures were down by 12.5 pct on last year in dollar
+  terms due to exchange rate fluctuations and changes in how the
+  figures were calculated, FSO sources said.
+      This year current exchange rates were used for the first
+  time instead of a fixed rate of 24.53 dinars to the dollar.
+      BELGRADE, March 30 - Yugoslav trade is declining rapidly
+  this year in hard currency terms, according to the latest
+  Federal Statistics Office (FSO) figures.
+      The FSO figures showed total exports from January 1 to
+  March 23 valued at 875.59 billion dinars, compared with 667.18
+  billion dinars in the same period last year.
+      These figures were down by 12.5 pct on last year in dollar
+  terms due to exchange rate fluctuations and changes in how the
+  figures were calculated, FSO sources said.
+      This year current exchange rates were used for the first
+  time instead of a fixed rate of 24.53 dinars to the dollar.
+  
+
diff --git a/reuters/training/10826 b/reuters/training/10826
new file mode 100644
index 0000000000000000000000000000000000000000..7ea5065cdba3ade14a67b6f0540281931b495442
--- /dev/null
+++ b/reuters/training/10826
@@ -0,0 +1,24 @@
+WALBRO <WALB> SEES STRONG 1ST QTR RESULTS
+  Walbro Corp said it expects
+  its first-quarter results to reach "all-time highs."
+      It projected sales exceeding 32 mln dlrs, or up 21 pct from
+  the 26,488,000 dlrs reported for the 1986 first quarter. It
+  said the previous high for a single quarter was 27,179,000 dlrs
+  for the 1986 fourth quarter.
+      Walbro estimated income for the quarter will exceed
+  first-quarter 1986 income, which was 1,953,000 dlrs, or 66 cts
+  a share, by at least 40 pct. It said the first quarter of 1986
+  had been the previous income record for a single quarter.
+      Walbro cited strong demand for its fuel systems products,
+  especially automotive electronic fuel injection components and
+  carburetors for lawn and garden applications.
+      However, it said it is unlikely the company will sustain
+  the same record pace of sales and income throughout 1987, due
+  to an expected reduction in throttle body sales.
+      "It now appears likely that the company's throttle body
+  business with General Motors Corp <GM> will peak in the first
+  six months of 1987, continue at reduced levels to July 1988 and
+  suffer an interruption for the period from July 1988 to July
+  1989," Walbro added.
+  
+
diff --git a/reuters/training/10827 b/reuters/training/10827
new file mode 100644
index 0000000000000000000000000000000000000000..5323e0dca0caa6e80d88a393b4b97819db636fe8
--- /dev/null
+++ b/reuters/training/10827
@@ -0,0 +1,23 @@
+CANADA GDP UP 0.1 PCT IN JANUARY
+  Canada's gross domestic product rose 0.1
+  pct, seasonally adjusted, in January after gaining 1.0 pct in
+  December but falling 0.1 pct and 0.3 pct in November and
+  October, Statistics Canada said.
+      January's rise, in 1981 prices, was fueled largely by a 0.5
+  pct gain in the goods producing sector. Output in
+  services-producing industries declined 0.1 pct from December's
+  level.
+      January's level was 1.29 pct higher than the same month a
+  year ago.
+      The federal agency said it was the second straight gain for
+  goods producing industries. Most of the growth occurred in
+  manufacturing and construction.
+      Within manufacturing, strong gains were posted in the wood,
+  machinery, non-metallic mineral and food product groups.
+  Significant declines were recorded in the output of automobiles
+  and parts, however.
+      In the services sector, increases in finance, insurance and
+  communication were more than offset by declines in
+  transportation, storage and the retail trade.
+  
+
diff --git a/reuters/training/10830 b/reuters/training/10830
new file mode 100644
index 0000000000000000000000000000000000000000..8315c5dffddc14043fd9fabb121a0ce34c647b2f
--- /dev/null
+++ b/reuters/training/10830
@@ -0,0 +1,56 @@
+SRI LANKA APPEALS FOR DROUGHT RELIEF AID
+  Sri Lanka has appealed to 24 countries
+  for emergency aid to help 2.4 mln villagers affected by the
+  country's worst drought in 36 years, government officials said.
+      Embassies received letters over the weekend outlining aid
+  needed for a sixth of Sri Lanka's population in 13 districts.
+      The letter said the government had to step in "to avert
+  serious economic hardship" and because the Social Services
+  Ministry had already used up its entire 1987 budget provision
+  of 23 mln rupees by distributing help to the worst hit areas.
+      The letter said 548.76 mln rupees were needed for a six
+  month period, at least until the May-September (Yala) rice crop
+  was harvested. Over 25,000 tonnes of wheat, rice, flour and
+  other cereals were required, it said, along with supplies of
+  sugar, lentils, dried or canned fish and milk.
+      In some of the most seriously affected districts, the Maha
+  (October 1986-April 1987) crop had been "almost completely
+  devastated," the letter said. Maha paddy output was now
+  estimated at 70 mln bushels, 20 mln less than originally
+  expected.
+      There were two scenarios for the Yala crop, with a high
+  forecast of around 40 mln bushels conditional on adequate
+  rainfall within the next three to four weeks.
+      "Should the present drought continue, however, production is
+  estimated at around 20 mln bushels," the letter added.
+      Total estimated paddy output for 1987 would be between 90
+  and 110 mln bushels, or 1.35 to 1.65 mln tonnes of rice. Last
+  year's output was 124 mln bushels, down from 127 mln in 1985.
+      The letter said villagers in most seriously affected
+  districts had been deprived of any means of subsistence because
+  subsidiary crops had also failed.
+      It said the government's current budget did not permit it
+  to provide sustained and adequate relief to those affected.
+  "Revenue has been adversely affected by depressed commodity
+  prices and slowing of the economy. Defence commitments continue
+  to exert pressure on the expenditure side."
+      The 548.76 mln cash would cover payments of 150 rupees per
+  month for each family, as well as handling, transport and
+  distribution of emergency food. But such an outlay of funds by
+  the government would not be possible without seriously
+  impairing development projects, or "greatly fuelling inflation"
+  in the economy, the letter said.
+      The letter said the Food Department would be able to
+  release wheat and rice from the buffer stock to meet the
+  immediate cereal requirements "provided such stocks are replaced
+  subsequently."
+      The Meteorological Department said the country was
+  experiencing its worst drought since 1951 and the four-month
+  dry spell prevailing in most of the areas would only break when
+  the monsoon rains fell in late May.
+      The letter said some areas had been experiencing the
+  drought since August, and in the rice growing district of
+  Kurunegala there had been no effective rainfall since June
+  1986.
+  
+
diff --git a/reuters/training/10831 b/reuters/training/10831
new file mode 100644
index 0000000000000000000000000000000000000000..7c0e0c7e16b2f81a3096785685328a0db62eb9a8
--- /dev/null
+++ b/reuters/training/10831
@@ -0,0 +1,14 @@
+MOBIL FRANCE TO TAKE 10 PCT STAKE IN PRIMAGAZ
+  Mobil Corp's <MOB> Mobil Oil Francaise
+  unit said it will take a stake of about 10 pct in the French
+  butane and propane gas distribution company <Primagaz> in
+  exchange for the transfer to Primagaz of Mobil's small and
+  medium bulk propane activity.
+      Small and medium bulk propane sales totalled 55,000 tonnes
+  in 1986 and the transfer will increase total business of
+  Primagaz by about 12 pct, equal to 32,000 extra customers.
+      A Primagas spokesman said Mobil will take the stake by
+  means of a capital increase, terms of which have not yet been
+  established.
+  
+
diff --git a/reuters/training/10832 b/reuters/training/10832
new file mode 100644
index 0000000000000000000000000000000000000000..d0dda7bf7828cfc505d63f04cfa6bf0df3f76766
--- /dev/null
+++ b/reuters/training/10832
@@ -0,0 +1,11 @@
+METROMAIL <MTML> SEES FLAT YEAR NET
+  Metromail Corp said it expects
+  earnings for the year to be about flat due to higher expenses
+  caused by an expansion of data processing capabilities and
+  startup costs associated with new cooperative programs that
+  will continue into the fourth quarter.
+      The company today reported earnings for the nine months
+  ended March One of 7,214,900 dlrs, down from 7,752,800 dlrs a
+  year before.  For all of last year it earned 10.9 mln dlrs.
+  
+
diff --git a/reuters/training/10833 b/reuters/training/10833
new file mode 100644
index 0000000000000000000000000000000000000000..0b1d142410d92b47f635ceb95eab78f361ec3976
--- /dev/null
+++ b/reuters/training/10833
@@ -0,0 +1,7 @@
+REGENCY CRUISTS <SHIP> CORRECTS EARNINGS
+  Regency Cruises Inc said its earnings
+  per share for the year 1986 were 36 cts per share, not the 37
+  cts it reported on March 11.
+      The company lost 10 cts per share in 1985.
+  
+
diff --git a/reuters/training/10834 b/reuters/training/10834
new file mode 100644
index 0000000000000000000000000000000000000000..d8782f824c56e77e31578bd83e4f265541175dfa
--- /dev/null
+++ b/reuters/training/10834
@@ -0,0 +1,9 @@
+MORRISON INC <MORR> ACQUIRES CUSTOM MANAGEMENT
+  Morrison Inc, a diversified food
+  service company, said it acquired Custom Management Corp, based
+  in Kingston, Penn., for an undisclosed amount.
+      Custom manages some 215 food contract management operations
+  and about 65 environmental service accounts, producing about
+  100 mln dlrs in annual revenues.
+  
+
diff --git a/reuters/training/10839 b/reuters/training/10839
new file mode 100644
index 0000000000000000000000000000000000000000..1cdd714da8e10e3c912f2b4f33e3e0014328b3f1
--- /dev/null
+++ b/reuters/training/10839
@@ -0,0 +1,8 @@
+ANECO REINSURANCE CO LTD <ANECF> YEAR NET
+  Shr profit 80 cts vs loss 1.60 dlrs
+      Net profit 1,673,960 vs loss 3,292,663
+      NOTE: 1986 net includes gain on bond portfolio of 1,160,000
+  dlrs and 5,600,000 dlr provision for losses on discontinued
+  liability and multi-peril lines of reinsurance.
+  
+
diff --git a/reuters/training/1084 b/reuters/training/1084
new file mode 100644
index 0000000000000000000000000000000000000000..c9e5b7195f546e3cd550c461033d6f63fd4d68ed
--- /dev/null
+++ b/reuters/training/1084
@@ -0,0 +1,29 @@
+GULF RESOURCES AND CHEMICAL CORP <GRE> 4TH QTR
+  Oper shr profit 34 cts vs loss 53 cts
+      Oper net profit 3,337,000 vs 4,881,000
+      Revs 32.7 mln vs 49.6 mln
+      Year
+      Oper shr profit 20 cts vs loss 90 cts
+      Oper net profit 2,374,000 vs loss 9,381,000
+      Revs 126.9 mln vs 160.5 mln
+      NOTES: Operating net excludes loss 6,050,000 dlrs, or 64
+  cts a share, vs loss 24,839,000 dlrs, or 2.61 dlrs a share, in
+  quarter and loss 6,050,000 dlrs, or 64 cts a share, vs profit
+  64,013,000 dlrs, or 6.27 dlrs a share, from discontinued
+  operations
+      1986 loss from discontinued operations includes 6.0 mln
+  dlrs charge, equal to 64 cts a share, to provide for additional
+  liabilities resulting from the 1981 closure of lead, zinc and
+  silver mining, smelting and refining business
+      1986 year operating net includes pre-tax gain of 5.3 mln
+  dlrs, equal to 56 cts a share, from pension plan termination
+  and gain of 5.2 mln dlrs, or 56 cts a share, from reduction in
+  deferred taxes
+      Effective Jan 1, 1987, company changed oil and gas
+  accounting to successful efforts from full cost, increasing
+  1986 year net 9.2 mln dlrs, or 98 cts a share, and increasing
+  1985 loss 4.3 mln dlrs, or 43 cts a share. The cumulative
+  effect of the change was to decrease retained earnings at Dec
+  31, 1986, by 14.0 mln dlrs
+  
+
diff --git a/reuters/training/10840 b/reuters/training/10840
new file mode 100644
index 0000000000000000000000000000000000000000..12bf00da0576d5abcbce3350b2d97bbf8573f8c1
--- /dev/null
+++ b/reuters/training/10840
@@ -0,0 +1,16 @@
+TEXAS INTERNATIONAL CO <TEI> 4TH QTR LOSS
+  Shr loss 36 cts vs loss 36 cts
+      Net loss 20.1 mln vs loss 12.6 mln
+      Revs 12.5 mln vs 24.9 mln
+      Avg shrs 55.8 mln vs 34.7 mln
+      Year
+      Shr loss 1.11 dlrs vs loss 1.05 dlrs
+      Net loss 50.8 ln vs loss 31.9 mln
+      Revs 63.7 mln vs 106.9 mln
+      Avg shrs 45.8 mln vs 30.2 mln
+      NOTE: Net includes extraordinary gains of 247,0000 dlrs vs
+  nil in quarter and 809,000 dlrs vs 425,000 dlrs in year.
+      1985 year net includes 6,700,000 dlr credit for previous
+  overpayments of windfall profits taxes.
+  
+
diff --git a/reuters/training/10841 b/reuters/training/10841
new file mode 100644
index 0000000000000000000000000000000000000000..f93e8562268819323dbf4545e6f455b813089d9e
--- /dev/null
+++ b/reuters/training/10841
@@ -0,0 +1,13 @@
+SCIENTIFIC MICRO <SMSI> SEES HIGHER REVENUES
+  Scientific Micro Systems
+  Inc said it expects first quarter revenues to rise by about 60
+  pct to 24 mln dlrs, compared with the 15 mln reported for the
+  first quarter last year.
+      The company said it experienced revenue growth across all
+  product lines during the quarter.
+      It also said revenue growth should continue during the year
+  and the company should experience improved profitability in the
+  second half when acquisition and new product introduction costs
+  will not have a significant impact on earnings.
+  
+
diff --git a/reuters/training/10843 b/reuters/training/10843
new file mode 100644
index 0000000000000000000000000000000000000000..c013b6ef93cfcc37bd163a0bd583f6a94d4cd3fb
--- /dev/null
+++ b/reuters/training/10843
@@ -0,0 +1,14 @@
+BOLT BERANEK <BBN> FILES FOR DEBENTURE OFFERING
+  Bolt Beranek and Newman Inc said it
+  filed with the Securities and Exchange Commission a
+  registration statement covering a 75 mln dlr issue of
+  convertible subordinated debentures due 2012.
+      A portion of the proceeds will be used to acquire all of
+  the outstanding capital stock of Network Switching Systems Inc.
+   Another part will allow Bolt to exercise its option to
+  purchase all of the limited partnership interests in BBN
+  RS/Expert Limited Partnership, with the rest used for general
+  corporate purposes. The company named PaineWebber, Merrill
+  Lynch and Montgomery Securities as underwriters.
+  
+
diff --git a/reuters/training/10844 b/reuters/training/10844
new file mode 100644
index 0000000000000000000000000000000000000000..7b5ba81a74c3cd3f2fb461a3452ccec89c785db7
--- /dev/null
+++ b/reuters/training/10844
@@ -0,0 +1,5 @@
+HENLEY GROUP SAID HAS CLOSE TO FIVE PCT OR 7.9 MLN SHARES OF SANTA FE SOUTHERN PACIFIC AS INVESTMENT
+
+  HENLEY GROUP SAID HAS CLOSE TO FIVE PCT OR 7.9 MLN SHARES OF SANTA FE SOUTHERN PACIFIC AS INVESTMENT
+  
+
diff --git a/reuters/training/10845 b/reuters/training/10845
new file mode 100644
index 0000000000000000000000000000000000000000..6a2cc41855d884af7f377a9d117dd41644ccc2c6
--- /dev/null
+++ b/reuters/training/10845
@@ -0,0 +1,15 @@
+MEXICAN FIRST QTR CRUDE EXPORTS SEEN AT 15.25 DLRS
+  The average price of mexico's crude
+  oil exports in first quarter 1987 will be 15.25 dlrs per
+  barrel, according to preliminary figures issued in a press
+  release by the state oil company Petroleos Mexicanos (PEMEX).
+      It gave no direct comparison with the year-ago figure but
+  said crude and products sales were expected to rise to 1.99
+  billion dlrs this quarter, 420 mln dlrs higher than expected
+  and 22 pct better than the year-ago quarter.
+      Prospects for the second quarter were relatively favourable
+  with crude exports seen at 1.320 mln bpd after an expected
+  1.324 mln this month, 1.323 in February and 1.395 mln in
+  January.
+  
+
diff --git a/reuters/training/10847 b/reuters/training/10847
new file mode 100644
index 0000000000000000000000000000000000000000..1840e6c3b0a84f3da64c7e13aa45545826642fa5
--- /dev/null
+++ b/reuters/training/10847
@@ -0,0 +1,12 @@
+TEXAS INTERNATIONAL <TEI> HAS UNQUALIFIED AUDIT
+  Texas International Inc said it
+  has received an unqualified audit opinion from auditor Arthur
+  Andersen and Co.
+      The company had received a qualified opinion on 1985
+  financial statements subject to its ability to resolve
+  negotiations with its U.S. bank group.  Subsequently, it sold
+  almost all its domestic oil and natural gas properties and
+  retired all U.S. bank debt in March 1987 with part of the
+  proceeds.
+  
+
diff --git a/reuters/training/10848 b/reuters/training/10848
new file mode 100644
index 0000000000000000000000000000000000000000..93f10d7cb81d3c8e5f16bd9c0553e7f8f3f74b78
--- /dev/null
+++ b/reuters/training/10848
@@ -0,0 +1,8 @@
+TENNECO <TGT> BUYS UNISYS <UIS> UNIT
+  Tenneco Inc said its Newport
+  News Shipbuilding subsidiary has completed the purchase of the
+  Sperry Marine Systems division of Unisys Corp for about 70 mln
+  dlrs.
+      Sperry Marine has annual revenues of about 100 mln dlrs.
+  
+
diff --git a/reuters/training/10849 b/reuters/training/10849
new file mode 100644
index 0000000000000000000000000000000000000000..eba431a989efa16ca8746d88739ee0b2974f94a2
--- /dev/null
+++ b/reuters/training/10849
@@ -0,0 +1,7 @@
+BIOGEN <BGENF> MAY SELL EUROPEAN OPERATIONS
+  Biogen NV said as part of a
+  program to reduce expenses, it is in talks on the sale of its
+  Geneva, Switzerland operations.
+      The company gave no details.
+  
+
diff --git a/reuters/training/1085 b/reuters/training/1085
new file mode 100644
index 0000000000000000000000000000000000000000..7a77a94da7072bf223f73df67ad2bd3d67e485a1
--- /dev/null
+++ b/reuters/training/1085
@@ -0,0 +1,17 @@
+COFFEE TALKS COLLAPSE EASES NEED FOR U.S. BILL
+  The collapse of International Coffee
+  Organization, ICO, talks on export quotas yesterday removes the
+  immediate need to reinstate U.S. legislation allowing the
+  customs service to monitor coffee imports, analysts here said.
+      The Reagan administration proposed in trade legislation
+  offered Congress last month that authority to monitor coffee
+  imports be resumed. That authority lapsed in September 1986. A
+  bill also was introduced by Rep. Frank Guarini (D-N.J.).
+      However, the failure of the ICO talks in London to reach
+  agreement on export quotas means the U.S. legislation is not
+  immediately needed, one analyst said. Earlier supporters of the
+  coffee bill hoped it could be passed by Congress quickly.
+      "You're going to have a hard time convincing Congress (now)
+  this is an urgent issue," the coffee analyst said.
+  
+
diff --git a/reuters/training/10851 b/reuters/training/10851
new file mode 100644
index 0000000000000000000000000000000000000000..98081465602b839cfa1ad659533590e1486beefd
--- /dev/null
+++ b/reuters/training/10851
@@ -0,0 +1,13 @@
+MILTOPE GROUP INC <MILT> 4TH QTR NET
+  Shr 10 cts vs 29 cts
+      Net 584,000 vs 1,688,000
+      Sales 19.8 mln vs 16.9 mln
+      Avg shrs 5,959,000 vs 5,762,000
+      Year
+      Shr 68 cts vs 96 cts
+      Net 4,013,000 vs 5,430,000
+      Sales 68.1 mln vs 61.3 mln
+      Avg shrs 5,934,000 vs 5,679,000
+      Backlog 67.9 mln vs 60.6 mln
+  
+
diff --git a/reuters/training/10853 b/reuters/training/10853
new file mode 100644
index 0000000000000000000000000000000000000000..f159f8f4209097dba4209c225fb078e66f8f83ea
--- /dev/null
+++ b/reuters/training/10853
@@ -0,0 +1,12 @@
+ALOETTE COSMETICS INC <ALET> 4TH QTR DEC 31 NET
+  Shr 12 cts vs 12 cts
+      Net 337,000 vs 235,000
+      Revs 3,350,000 vs 1,642,000
+      Avg shrs 2,935,734 vs 2,000,000
+      Year
+      Shr 69 cts vs 56 cts
+      Net 1,815,000 vs 1,112,000
+      Revs 12.1 mln vs 7,709,000
+      Avg shrs 2,648,257 vs 2,000,000
+  
+
diff --git a/reuters/training/10855 b/reuters/training/10855
new file mode 100644
index 0000000000000000000000000000000000000000..273869c9cf3546d7438a4b2da6986776de23d9a1
--- /dev/null
+++ b/reuters/training/10855
@@ -0,0 +1,8 @@
+INTERNATIONAL PROTEINS CORP <PRO> YEAR NET
+  Oper shr 49 cts vs 22 cts
+      Oper net 1,018,000 vs 468,000
+      Sales 95.0 mln vs 98.3 mln
+      NOTE: Net excludes tax credits of 284,000 dlrs vs 310,000
+  dlrs.
+  
+
diff --git a/reuters/training/10856 b/reuters/training/10856
new file mode 100644
index 0000000000000000000000000000000000000000..93df8d1eb77251bbe9a3a647362cb6c465cab2e9
--- /dev/null
+++ b/reuters/training/10856
@@ -0,0 +1,13 @@
+CSM SYSTEMS INC <CSMS> YEAR ENDED DEC 31 LOSS
+  Shr loss 20 cts vs profit 24 cts
+      Net loss 173,578 vs profit 211,324
+      Revs 4,558,244 vs 5,595,644
+      NOTE: Earnings per share restated retroactively for all
+  periods to reflect 20 pct stock dividend in April 1984 and 25
+  pct stock split September 1985.
+      Revenues include progress receivables on long-term
+  contracts not billed to customers, and reflect the
+  proportionate elements of profit as revenues based on stage of
+  completion of long term contracts.
+  
+
diff --git a/reuters/training/10857 b/reuters/training/10857
new file mode 100644
index 0000000000000000000000000000000000000000..7002c4d837b8fc50d736b78d752ef901f2ed8e8f
--- /dev/null
+++ b/reuters/training/10857
@@ -0,0 +1,5 @@
+Ia-So Minn direct hogs estimated rcpts 95,000 vs actual week ago 93,000 and actual year ago 93,000.
+
+  Ia-So Minn direct hogs estimated rcpts 95,000 vs actual week ago 93,000 and actual year ago 93,000.
+  
+
diff --git a/reuters/training/10859 b/reuters/training/10859
new file mode 100644
index 0000000000000000000000000000000000000000..93e9e64a64d3ecb625ed98b2025a693f196eceee
--- /dev/null
+++ b/reuters/training/10859
@@ -0,0 +1,5 @@
+FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+
+  FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+  
+
diff --git a/reuters/training/10860 b/reuters/training/10860
new file mode 100644
index 0000000000000000000000000000000000000000..a33b33776225c154f8d3aa1852f28ede262270e0
--- /dev/null
+++ b/reuters/training/10860
@@ -0,0 +1,12 @@
+GLOBAL RAISES HEAVY FUELS PRICES
+  Global Petroleum Corp said today it
+  raised its posted prices for numbers six fuel cargoes in the
+  new york harbor 70 cts to 1.60 dlrs per barrel, depending on
+  grade.
+      Effective today, the new prices are: 0.3 pct sulphur 22.50
+  dlrs, up 1.25; 0.5 pct sulphur 21.85 dlrs, up 1.60; one pct
+  sulphur 20.10 dlrs, up 70 cts; two pct sulphur 19.85, up 75
+  cts; 2.2 pct sulphur 19.25 dlrs, up 90 cts; 2.5 pct sulphur
+  18.80 dlrs, up 1.20, the company said.
+  
+
diff --git a/reuters/training/10864 b/reuters/training/10864
new file mode 100644
index 0000000000000000000000000000000000000000..2161cb1f80f20bf4b281150cca2ce31933f28a5c
--- /dev/null
+++ b/reuters/training/10864
@@ -0,0 +1,9 @@
+FED ADDS RESERVES VIA CUSTOMER REPURCHASES
+  The Federal Reserve entered the U.S.
+  Government securities market to arrange two billion dlrs of
+  customer repurchase agreements, a Fed spokesman said.
+      Dealers said Federal funds were trading at 6-3/8 pct when
+  the Fed began its temporary and indirect supply of reserves to
+  the banking system.
+  
+
diff --git a/reuters/training/10867 b/reuters/training/10867
new file mode 100644
index 0000000000000000000000000000000000000000..33a5192d350db4d993b220aed79b18ab90307cff
--- /dev/null
+++ b/reuters/training/10867
@@ -0,0 +1,20 @@
+BOW VALLEY INDUSTRIES<BVI> SETS SECONDARY ISSUE
+  Bow Valley Industries Ltd said
+  it filed a preliminary short form prospectus in Canada and the
+  United States for a secondary offering of 22.8 pct of
+  outstanding common stock, or 9,362,197 common shares, being
+  sold by certain shareholders.
+      The company said Bowcan Holdings Inc, a holding company
+  principally owned by the Seaman brothers of Calgary and Charles
+  Rosner Bronfman Trust of Montreal, is offering to sell all of
+  its holding of 8,279,665 Bow Valley common shares.
+      The balance of the offering is owned directly and
+  indirectly by various trusts of Jean and Charles deGunzberg.
+      Proceeds and expenses from the secondary offering of Bow
+  Valley Industries common shares are for the account of the
+  selling shareholders, the company said.
+      The shareholders will engage Salomon Brothers Inc for
+  distribution of the shares in the United States and McLeod
+  Young Weir Ltd for distribution in Canada.
+  
+
diff --git a/reuters/training/10868 b/reuters/training/10868
new file mode 100644
index 0000000000000000000000000000000000000000..85cc751df872a9b787d81d9a8edde461cac2c615
--- /dev/null
+++ b/reuters/training/10868
@@ -0,0 +1,11 @@
+<CORNUCOPIA RESOURCES LTD> IN DRILLING PROGRAM
+  Cornucopia Resources Ltd said an
+  extensive drill and sampling program will begin in mid-April at
+  its Ivanhoe gold property in north central Nevada.
+      It said it will seek to increase the present reserves of
+  eight mln short tons grading 0.045 ounce of gold per ton that
+  had been found by USX Corp <X> on a small portion of the
+  13,.000 acre property, determine the location of possible
+  high-grade ore zones at depth and test other targets.
+  
+
diff --git a/reuters/training/1087 b/reuters/training/1087
new file mode 100644
index 0000000000000000000000000000000000000000..e16cf15ebf0879978f6fe2fec7d03269e792ebd8
--- /dev/null
+++ b/reuters/training/1087
@@ -0,0 +1,10 @@
+PANSOPHIC SYSTEMS INC <PNS> 3RD QTR JAN 31 NET
+  Shr 70 cts vs 56 cts
+      Net 6,197,000 vs 4,880,000
+      Revs 24.1 mln vs 17.1 mln
+      Nine mths
+      Shr 1.38 dlrs vs 1.20 dlrs
+      Net 12.1 mln vs 10.4 mln
+      Revs 52.5 mln vs 41.8 mln
+  
+
diff --git a/reuters/training/10870 b/reuters/training/10870
new file mode 100644
index 0000000000000000000000000000000000000000..bd53626731204118a22478ba1eb7236247b6a091
--- /dev/null
+++ b/reuters/training/10870
@@ -0,0 +1,13 @@
+COGNITRONICS CORP <CGN> 4TH QTR LOSS
+  Shr loss 78 cts vs loss 18 cts
+      Net loss 1,671,000 vs loss 382,000
+      Revs 3,261,000 vs 4,427,000
+      Year
+      Shr loss 1.35 dlr vs loss 15 cts
+      Net loss 2,902,000 vs loss 331,000
+      Revs 13.5 mln vs 16.1 mln
+      NOTE: 1986 and 1985 4th qtr net includes charges of 867,000
+  dlrs or 40 cts a share and 222,000 or 10 cts a share,
+  respectively.
+  
+
diff --git a/reuters/training/10871 b/reuters/training/10871
new file mode 100644
index 0000000000000000000000000000000000000000..249dc323eeb31c3bf856da5cba092e2a741a8ad9
--- /dev/null
+++ b/reuters/training/10871
@@ -0,0 +1,5 @@
+ALLEGHENY INTERNATIONAL SELLS WILKINSON SWORD GROUP FOR 230 MLN DLRS
+
+  ALLEGHENY INTERNATIONAL SELLS WILKINSON SWORD GROUP FOR 230 MLN DLRS
+  
+
diff --git a/reuters/training/10872 b/reuters/training/10872
new file mode 100644
index 0000000000000000000000000000000000000000..73fe1216cc82e028e053779bf5d0ac48de389cd0
--- /dev/null
+++ b/reuters/training/10872
@@ -0,0 +1,12 @@
+HENLEY <HENG> HAS SANTA FE SOUTHERN <SFX> STAKE
+  Henley Group said in a 10-K filing
+  with the Securities and Exchange Commission that it has 7.9 mln
+  shares or close to five pct of Santa Fe Southern Pacific Corp,
+  a spokesman said.
+      In response to questions from Reuters, the Henley spokesman
+  said the filing was as of December 31, 1986, but that the
+  company still holds the shares.
+      "It's an investment and we're very happy with it. Beyond
+  that, I have no comment," the spokesman said.
+  
+
diff --git a/reuters/training/10873 b/reuters/training/10873
new file mode 100644
index 0000000000000000000000000000000000000000..6a2cc41855d884af7f377a9d117dd41644ccc2c6
--- /dev/null
+++ b/reuters/training/10873
@@ -0,0 +1,15 @@
+MEXICAN FIRST QTR CRUDE EXPORTS SEEN AT 15.25 DLRS
+  The average price of mexico's crude
+  oil exports in first quarter 1987 will be 15.25 dlrs per
+  barrel, according to preliminary figures issued in a press
+  release by the state oil company Petroleos Mexicanos (PEMEX).
+      It gave no direct comparison with the year-ago figure but
+  said crude and products sales were expected to rise to 1.99
+  billion dlrs this quarter, 420 mln dlrs higher than expected
+  and 22 pct better than the year-ago quarter.
+      Prospects for the second quarter were relatively favourable
+  with crude exports seen at 1.320 mln bpd after an expected
+  1.324 mln this month, 1.323 in February and 1.395 mln in
+  January.
+  
+
diff --git a/reuters/training/10874 b/reuters/training/10874
new file mode 100644
index 0000000000000000000000000000000000000000..e8e052c557cb58c9aa847ec55a7859d275a47262
--- /dev/null
+++ b/reuters/training/10874
@@ -0,0 +1,7 @@
+COMBUSTION <CSP> COMPLETES ACCURAY <ACRA> BUY
+  Combustion Engineering Inc said
+  it has completed the previously-announced acquisition of
+  AccuRay Corp in a merger trasaction that closed Friday at 45
+  dlrs per share.
+  
+
diff --git a/reuters/training/10876 b/reuters/training/10876
new file mode 100644
index 0000000000000000000000000000000000000000..49fcac708e1309287f2e6938b13f7494c3977c70
--- /dev/null
+++ b/reuters/training/10876
@@ -0,0 +1,20 @@
+U.S. SEES NO NEW COFFEE AGREEMENT TALKS SOON
+  The United States does not expect
+  the executive board meeting of the International Coffee
+  Organization, ICO, to call for a new round of negotiations on
+  reinstating coffee quotas, a U.S. government official said.
+      The official, a member of the U.S. delegation to ICO talks
+  earlier this year, said no new coffee agreement talks are
+  expected because there is no indication the negotiating
+  positions of major producers and consumers have changed.
+      The U.S. still demands, as a condition of reimposition of
+  coffee quotas, that "objective criteria" be set for
+  establishing quotas, said the U.S. official, who asked not to
+  be identified. Brazil, the major producer, insists on quotas
+  based on a traditional formula.
+      The U.S. remains open to a negotiating meeting but only if
+  some new flexibility is apparent from major countries, the
+  official said.
+      The ICO executive board meets tomorrow in London.
+  
+
diff --git a/reuters/training/10877 b/reuters/training/10877
new file mode 100644
index 0000000000000000000000000000000000000000..43f4d859c1c4ccccf85feb6aadd1f78fa295994e
--- /dev/null
+++ b/reuters/training/10877
@@ -0,0 +1,14 @@
+INTELLIGENT SYSTEMS <INP> SETS INITIAL PAYOUT
+  Intelligent Systems Master
+  Limited Partnership said its board declared an initial
+  quarterly dividend of 25 cts per unit, payable April 10 to
+  holders of record March 31.
+      The partnership, formed at year-end by the conversion of
+  Intelligent Systems Corp from corporate form, said its board
+  has approved in principle quarterly dividend of 15 to 25 cts
+  per quarter for calendar 1987.
+      It said as part of its restructuring it may sell some of
+  its assets this year, with unitholders receiving either cash
+  from the sale or stock in the acquiring company.
+  
+
diff --git a/reuters/training/10879 b/reuters/training/10879
new file mode 100644
index 0000000000000000000000000000000000000000..c6aa7e19fde606295dd385eb522082611feba61a
--- /dev/null
+++ b/reuters/training/10879
@@ -0,0 +1,10 @@
+QUEST MEDICAL INC <QMED> 4TH QTR LOSS
+  Shr loss six cts vs profit two cts
+      Net loss 463,473 vs profit 126,835
+      Revs 3,506,066 vs 3,082,499
+      Year
+      Shr loss four cts vs profit three cts
+      Net loss 323,214 vs profit 187,893
+      Revs 13.8 mln vs 10.8 mln
+  
+
diff --git a/reuters/training/1088 b/reuters/training/1088
new file mode 100644
index 0000000000000000000000000000000000000000..37eef0010dd9585c0ea412d30d56f83e0366e52a
--- /dev/null
+++ b/reuters/training/1088
@@ -0,0 +1,20 @@
+FORMER TREASURY OFFICIAL URGES CURRENCY REFORMS
+  Former Treasury official C. Fred
+  Bergsten said a new exchange rate system is needed to replace
+  the fixed and flexible exchange rate systems which he said had
+  not worked.
+      "I prefer a move to 'target zones' in which the major
+  countries would determine ranges of 15-20 pct within which they
+  would pledge to hold their exchange rates by direct
+  intervention and, as necessary, by changes in monetary and
+  other policies," Bergsten, now the director of the Institute
+  for International Economics, said in a statement to a House
+  Banking subcommittee.
+      "The substantial correction of the exchange rate that has
+  occurred since early 1985 is enormously welcome, and should
+  produce a sizeable reduction in the U.S. trade deficit this
+  year and next, but the imbalance will not fall much below 100
+  billion dlrs on present policies, so much more is needed," he
+  said.
+  
+
diff --git a/reuters/training/10882 b/reuters/training/10882
new file mode 100644
index 0000000000000000000000000000000000000000..263172e994f6f2b0d9e468a9eb96c664ac9b3d26
--- /dev/null
+++ b/reuters/training/10882
@@ -0,0 +1,15 @@
+TRADE SEES U.S. CORN EXPORTS UP, WHEAT/BEANS OFF
+  Grain traders and analysts expect lower
+  wheat and soybean exports and higher corn exports than a year
+  ago in the USDA's export inspection report today.
+      Corn export guesses ranged from 27.0 mln to 32.0 mln
+  bushels, compared with the 27.6 mln inspected last week and
+  20.5 mln a year ago.
+      Soybean export guesses ranged from 14.0 mln to 16.0 mln, up
+  from the 13.4 mln inspected last week but below the 25.5 mln
+  reported a year ago.
+      Wheat estimates ranged from 11.0 mln to 14.0 mln bushels,
+  compared with 12.0 mln reported last week and 18.3 mln a year
+  ago.
+  
+
diff --git a/reuters/training/10883 b/reuters/training/10883
new file mode 100644
index 0000000000000000000000000000000000000000..e369598b880274dfca5fd7cf3fc27de36ef2c094
--- /dev/null
+++ b/reuters/training/10883
@@ -0,0 +1,13 @@
+OPPENHEIMER HAS SIX PCT OF CYCLOPS <CYL>
+  Oppenheimer, the brokerage and
+  investment subsidiary of Oppenheimer Group Inc, told the
+  Securities and Exchange Commission it has acquired 243,400
+  shares of Cyclops Corp, or 6.0 pct of the total outstanding.
+      Oppenheimer said it bought the stake in connection with
+  risk arbitrage and other investment activities in the ordinary
+  course of its business. It said it has no plans to seek control
+  of the company.
+      As of Friday, <Dixons Group PLC> had acquired 2,455,000
+  Cyclops shares, giving it 83 pct of the total.
+  
+
diff --git a/reuters/training/10884 b/reuters/training/10884
new file mode 100644
index 0000000000000000000000000000000000000000..82a6ebde36056a277fe5a63ed53989097f541ccb
--- /dev/null
+++ b/reuters/training/10884
@@ -0,0 +1,10 @@
+DUNE RESOURCES LTD <DNLAF> 4TH QTR NET
+  Shr profit one ct vs loss two cts
+      Net profit 27,000 vs loss 69,000
+      Revs 295,000 vs 264,000
+      Year
+      Shr loss eight cts vs loss three cts
+      Net loss 262,000 vs loss 88,000
+      Revs 1,004,000 vs 1,248,000
+  
+
diff --git a/reuters/training/10885 b/reuters/training/10885
new file mode 100644
index 0000000000000000000000000000000000000000..a1f40484c69348ea75aa4b12c944fc3f722df479
--- /dev/null
+++ b/reuters/training/10885
@@ -0,0 +1,6 @@
+AW COMPUTER SYSTEMS INC <AWCSA> YEAR END DEC 31
+  Shr 18 cts vs 17 cts
+      Net 584,493 vs 540,977
+      Revs 4,685,930 vs 4,524,315
+  
+
diff --git a/reuters/training/10886 b/reuters/training/10886
new file mode 100644
index 0000000000000000000000000000000000000000..7efa190cce91a7f42c48aa59f78c7caecc224d50
--- /dev/null
+++ b/reuters/training/10886
@@ -0,0 +1,12 @@
+DOW<DOW> RAISES STYRENE-BUTADIENE LATEX PRICES
+  Dow Chemical Co said it
+  increased prices by nine cts a pound (solids) for
+  styrene-butadiene latex and plastic pigments, effective May
+  One. Dow did not release the percentage increase.
+      It said the increase will affect the floor covering
+  markets, paper, paperboard and specialty markets.
+      It said the increase is in addition to a previously
+  announced seven cts a pound (solids) increase, effective March
+  One.
+  
+
diff --git a/reuters/training/10887 b/reuters/training/10887
new file mode 100644
index 0000000000000000000000000000000000000000..06b217961384ca5265c1b2f0cd0764455b4d2ff7
--- /dev/null
+++ b/reuters/training/10887
@@ -0,0 +1,20 @@
+ALLEGHENY INTERNATIONAL <AG> SELLS WILKINSON
+  Allegheny International Inc said it
+  sold its Wilkinson Sword Consumer Group to the <Swedish Match
+  Co> of Stockholm for for 230 mln dlrs.
+      After settlement of intercompany transactions between the
+  Wilkinson Sword groups and Allegheny, the net payment by
+  Swedish Match will amount to about 160 mln dlrs.
+      The Wilkinson Sword Group was transferred to the Swedish
+  Match Co today except for companies in certain countries where
+  approval from government authorities is required, the company
+  said.
+      Allegheny said it acquired a 44 pct interest in Wilkinson,
+  then known as Wilkinson Match Ltd, in 1978, and the remaining 
+  share in 1980.
+      This divestiture is part of Allegheny's overall
+  restructuring program and strategy to concentrate primarily on
+  its North American consumer products business, the company
+  said.
+  
+
diff --git a/reuters/training/10891 b/reuters/training/10891
new file mode 100644
index 0000000000000000000000000000000000000000..edaaead3b085d5f4eb8a5fd3c6ed0445efc4cd1a
--- /dev/null
+++ b/reuters/training/10891
@@ -0,0 +1,10 @@
+DATRON CORP <DATR> 4TH QTR NET
+  Shr 19 cts vs 13 cts
+      Net 166,000 vs 118,000
+      Rev 3.2 mln vs 2.5 mln
+      Year
+      Shr 34 cts vs 30 cts
+      Net 303,000 vs 269,000
+      Rev 10.8 mln vs 10.2 mln
+  
+
diff --git a/reuters/training/10892 b/reuters/training/10892
new file mode 100644
index 0000000000000000000000000000000000000000..65ea9d49385d6626ccff27e9fb3b001bae1e5f9a
--- /dev/null
+++ b/reuters/training/10892
@@ -0,0 +1,8 @@
+C.O.M.B. <CMCO> SELLS THREE RETAIL STORES
+  C.O.M.B. Co said it sold three of
+  its retail stores in Omaha to Bob Cummins Enterprises Inc, a
+  retail closeout merchandiser.
+      It said the sale is consistent with its previously
+  announced Retail Division restructuring plans.
+  
+
diff --git a/reuters/training/10893 b/reuters/training/10893
new file mode 100644
index 0000000000000000000000000000000000000000..de2e7b2db11d8392ab29e0fa2a4eb1ee376c4d4c
--- /dev/null
+++ b/reuters/training/10893
@@ -0,0 +1,21 @@
+CENTRONICS <CEN> SETS PREFERRED PURCHASE RIGHTS
+  Centronics Corp said its board
+  declared a dividend distribution of one preferred share
+  purchase right on each outstanding common share payable to
+  holders of record April 9.
+      The rights, which will expire 10 years later, will entitle
+  shareholders to buy one-hundredth of a share of a new series of
+  preferred at an exercise price of 20 dlrs.
+      The rights will be exercisable only if some one acquires 30
+  pct or more of Centronic's common or announces an offer which
+  would result in ownership of 30 pct or more of the stock.
+      Centronics said its board will be entitled to redeem the
+  rights at two cts per right at any time before a 30 pct
+  position has been acquired.
+      If the rights become exercisable, the company said, those
+  held by shareholders other than the owner of 30 pct or more of
+  the stock will entitle the holder to purchase a number of
+  common shares having a market value twice the right's exercise
+  price.
+  
+
diff --git a/reuters/training/10894 b/reuters/training/10894
new file mode 100644
index 0000000000000000000000000000000000000000..2a2e9771b115575a1fe4047269797aeb3087c45c
--- /dev/null
+++ b/reuters/training/10894
@@ -0,0 +1,10 @@
+MCCLAIN INDUSTRIES <MCCL> SETS STOCK SPLIT
+  McClain Industries Inc
+  said its board declared a four-for-three stock split, payable
+  30, record April 15.
+      The company also said it plans to open within the next 90
+  days a 114,000 square foot plant in Macon, Ga., that will allow
+  it to expand production of transfer trailers and other
+  products.
+  
+
diff --git a/reuters/training/10895 b/reuters/training/10895
new file mode 100644
index 0000000000000000000000000000000000000000..308982f1cd172ceb836fc0223aa59f8edc403655
--- /dev/null
+++ b/reuters/training/10895
@@ -0,0 +1,17 @@
+HERITAGE COMMUNICATIONS <HCI> IN SPECIAL MEETING
+  Heritage Communications Inc
+  said it expects to hold a special shareholder meeting in May to
+  consider its proposed acquisition by an investor group
+  including members of senior management and Tele-communications
+  Inc <TELE>.
+      The company said it is seeking to obtain all regulatory
+  approvals needed to complete the transaction before or shortly
+  after the special meeting.  Heritage said it has filed
+  preliminary proxy materials with the Securities and Exchange
+  Commission and has applied for a change of control of its
+  broadcast licenses with the Federal Communications Commission.
+      Heritage it and Tele-Communications made required
+  Hart-Scott-Rodino filings with the Federal Trade Commission and
+  Justice Department on March 11 and 12, respectively.
+  
+
diff --git a/reuters/training/10897 b/reuters/training/10897
new file mode 100644
index 0000000000000000000000000000000000000000..7bf75d88b68069f4c37ccb595397ee1f14c27f47
--- /dev/null
+++ b/reuters/training/10897
@@ -0,0 +1,8 @@
+CHEROKEE GROUP INC <CHKE> 1ST QTR FEB 28 NET
+  Shr 22 cts vs 16 cts
+      Net 2,460,000 vs 1,730,000
+      Sales 37.0 mln vs 27.3 mln
+      NOTE: Share adjusted for two-for-one stock split in
+  February 1987.
+  
+
diff --git a/reuters/training/10899 b/reuters/training/10899
new file mode 100644
index 0000000000000000000000000000000000000000..0023f07a94f916fd19b228ad6138c45dc7dd2974
--- /dev/null
+++ b/reuters/training/10899
@@ -0,0 +1,8 @@
+LOUISIANA PACIFIC <LPX> TO BUY WALLBOARD PLANT
+  Louisiana Pacific Corp said it
+  reached a non-binding agreement in principle to buy a gypsum
+  wallboard plant in Seattle from Norwest Gypsum.
+      Purchase price and other details of the agreement were not
+  disclosed.
+  
+
diff --git a/reuters/training/109 b/reuters/training/109
new file mode 100644
index 0000000000000000000000000000000000000000..6843b4c87e471980da2975233fa90591b20a26be
--- /dev/null
+++ b/reuters/training/109
@@ -0,0 +1,53 @@
+U.S. BANK DISCOUNT BORROWINGS 310 MLN DLRS
+  U.S. bank discount window borrowings
+  less extended credits averaged 310 mln dlrs in the week to
+  Wednesday February 25, the Federal Reserve said.
+      The Fed said that overall borrowings in the week fell 131
+  mln dlrs to 614 mln dlrs, with extended credits up 10 mln dlrs
+  at 304 mln dlrs. The week was the second half of a two-week
+  statement period. Net borrowings in the prior week averaged 451
+  mln dlrs.
+      Commenting on the two-week statement period ended February
+  25, the Fed said that banks had average net free reserves of
+  644 mln dlrs a day, down from 1.34 billion two weeks earlier.
+      A Federal Reserve spokesman told a press briefing that
+  there were no large single day net misses in the Fed's reserve
+  projections in the week to Wednesday.
+      He said that natural float had been "acting a bit
+  strangely" for this time of year, noting that there had been
+  poor weather during the latest week.
+      The spokesman said that natural float ranged from under 500
+  mln dlrs on Friday, for which he could give no reason, to
+  nearly one billion dlrs on both Thursday and Wednesday.
+      The Fed spokeman could give no reason for Thursday's high
+  float, but he said that about 750 mln dlrs of Wednesday's
+  float figure was due to holdover and transportation float at
+  two widely separated Fed districts.
+      For the week as a whole, he said that float related as of
+  adjustments were "small," adding that they fell to a negative
+  750 mln dlrs on Tuesday due to a number of corrections for
+  unrelated cash letter errors in six districts around the
+  country.
+      The spokesman said that on both Tuesday and Wednesday, two
+  different clearing banks had system problems and the securities
+  and Federal funds wires had to be held open until about 2000 or
+  2100 EST on both days.
+      However, he said that both problems were cleared up during
+  both afternoons and there was no evidence of any reserve
+  impact.
+      During the week ended Wednesday, 45 pct of net discount
+  window borrowings were made by the smallest banks, with 30 pct
+  by the 14 large money center banks and 25 pct by large regional
+  institutions.
+      On Wednesday, 55 pct of the borrowing was accounted for by
+  the money center banks, with 30 pct by the large regionals and
+  15 pct by the smallest banks.
+      The Fed spokesman said the banking system had excess
+  reserves on Thursday, Monday and Tuesday and a deficit on
+  Friday and Wedndsday. That produced a small daily average
+  deficit for the week as a whole.
+      For the two-week period, he said there were relatively high
+  excess reserves on a daily avearge, almost all of which were at
+  the smallest banks.
+  
+
diff --git a/reuters/training/1090 b/reuters/training/1090
new file mode 100644
index 0000000000000000000000000000000000000000..fec042af7622f8bdbf8544946394d9f73b0f62c0
--- /dev/null
+++ b/reuters/training/1090
@@ -0,0 +1,6 @@
+KNUTSON MORTGAGE CORP <KNMC> SETS QUARTERLY
+  Qtly div 10 cts vs 10 cts prior
+      Pay April 13
+      Record March 13
+  
+
diff --git a/reuters/training/10901 b/reuters/training/10901
new file mode 100644
index 0000000000000000000000000000000000000000..e2542691ea0acbb5b60bc2029e624f98cc3989ab
--- /dev/null
+++ b/reuters/training/10901
@@ -0,0 +1,13 @@
+NOBEL'S BOFORS TO SELL ITS SINGAPORE HOLDING
+  Nobel Industries Sweden SA <NOBL.ST>
+  said its arms subsidiary, <AB Bofors>, plans to sell its 40 pct
+  stake in <Allied Ordnance Co of Singapore Ltd> because of its
+  part in weapons exports which contravene Swedish law.
+      "The events we have uncovered are unacceptable and highly
+  regrettable incidents in our company's history," Nobel chairman
+  Lars-Erik Thunholm told a news conference.
+      Nobel managing director Anders Carlberg said an internal
+  inquiry has revealed an extensive network of international arms
+  smuggling.
+  
+
diff --git a/reuters/training/10902 b/reuters/training/10902
new file mode 100644
index 0000000000000000000000000000000000000000..af5e205c910bb051a1220777b0657791e9b7e57c
--- /dev/null
+++ b/reuters/training/10902
@@ -0,0 +1,57 @@
+ICO BOARD SEEN UNLIKELY TO SET NEW COFFEE TALKS
+  Chances that the International Coffee
+  Organization, ICO, executive board meeting this week will agree
+  to resume negotiations on export quotas soon look remote, ICO
+  delegates and trade sources said.
+      ICO observers doubted Brazil or key consuming countries are
+  ready to give sufficient ground to convince the other side that
+  reopening negotiations again would be worthwhile, they said.
+      ICO talks on quotas last month broke down after eight days
+  when producers and consumers failed to reach agreement.
+       "Since we have not seen signs of change in other positions,
+  it's difficult to see a positive outcome at this stage,"
+  Brazilian delegate Lindenberg Sette said. But quotas must be
+  negotiated sometime, he said.
+       The U.S. has indicated it is open to dialogue on quotas
+  but that Brazil must be flexible, rather than refuse to lower
+  its export share as it did in the last negotiations, delegates
+  said.
+       At this week's March 31-April 2 meeting, the 16-member ICO
+  board is scheduled to discuss the current market situation, the
+  reintroduction of quotas, verification of stocks and some
+  administrative matters, according to a draft agenda.
+      The fact that Brazilian Coffee Institute president Jorio
+  Dauster, Assistant U.S. Trade Representative Jon Rosenbaum and
+  chief Colombian delegate Jorge Cardenas are not attending the
+  meeting has signalled to most market watchers that it will be a
+  non-event as far as negotiating quotas is concerned.
+      "I would imagine there will be a lot of politicking among
+  producers behind closed doors to work up some kind of proposal
+  by September (the next scheduled council meeting)," Bronwyn
+  Curtis of Landell Mills Commodities Studies said.
+      Traders and delegates said they have seen no sign that a
+  date will be set for an earlier council meeting.
+      If the stalemate continues much longer, analysts expect the
+  coffee agreement will end up operating without quotas for the
+  remainder of its life, to September 30, 1989.
+      When talks broke down, the U.S. and Brazil, the largest
+  coffee consumer and producer respectively, blamed one another
+  for sabotaging negotiations by refusing to compromise.
+      Brazil wanted to maintain the previous export quota shares,
+  under which it was allocated 30 pct of world coffee exports,
+  but consumers and a small group of producers pressed for shares
+  to be redistributed using "objective criteria," which would have
+  threatened Brazil's share.
+      At a recent meeting in Managua of Latin American producers,
+  Costa Rica and Honduras said they were willing to put their
+  objections as members of the group of eight ICO "dissident"
+  producers aside, in order to stem the damaging decline in
+  prices, Nicaraguan External Trade Minister Alejandro Martinez
+  Cuenca told reporters Saturday. He was in London to brief
+  producers on the Managua meeting.
+      However, other producers said they were not aware of this
+  move toward producer solidarity.
+      London coffee prices closed at 1,276 stg a tonne today,
+  down from around 1,550 at the beginning of March.
+  
+
diff --git a/reuters/training/10903 b/reuters/training/10903
new file mode 100644
index 0000000000000000000000000000000000000000..cb48bca1215c302fa73f3ba61226a8ba8e25ee11
--- /dev/null
+++ b/reuters/training/10903
@@ -0,0 +1,14 @@
+MINISTER SEES ENOUGH EC STATES AGAINST OILS TAX
+  Enough European Community (EC) states
+  appear to be opposed to the proposals by the EC Commission for
+  a 330 European currency unit (Ecu) a tonne tax on vegetable
+  oils, fats and marine oils to block adoption by EC ministers,
+  British Farm Minister Michael Jopling said.
+      He told a news conference held during a meeting here of EC
+  agriculture ministers that Britain, West Germany, the
+  Netherlands, Denmark, and Portugal were all against the tax.
+      Between them, these five countries had more than enough
+  votes in the weighted voting system used in EC ministers'
+  meetings to block a decision, Jopling said.
+  
+
diff --git a/reuters/training/10904 b/reuters/training/10904
new file mode 100644
index 0000000000000000000000000000000000000000..0ed2a5d8734bc0457292a5fbac901dfcf97b3ecc
--- /dev/null
+++ b/reuters/training/10904
@@ -0,0 +1,19 @@
+DRAVO <DRV> TO HAVE FIRST QUARTER LOSS
+  Dravo Corp said it expects a first
+  quarter loss of about 30 cts per share, compared with a
+  year-earlier profit of one ct, and said operating earnings for
+  all of 1987 may not match 1986's earnings of 61 cts per share
+  from continuing operations.
+      Dravo saidperformance so far this year in its engineering
+  and construction segment has not met earlier expectations.
+      It said the first quarter will be impacted by writedowns
+  resulting fromn revised estimates of costs required to complete
+  projects and by delays in starting work on jobs originally
+  forecasted to contribute to first quarter earnings.
+      Dravo further said it has given the investor group buying
+  Dravo's river transportation, stevedoring and pipe frabrication
+  businesses additional time to structure the necessary
+  permanenty financing, and closing is now expected in the third
+  quarter.
+  
+
diff --git a/reuters/training/10905 b/reuters/training/10905
new file mode 100644
index 0000000000000000000000000000000000000000..f7de75f212fd726794eaa50a46f0c797bc0da828
--- /dev/null
+++ b/reuters/training/10905
@@ -0,0 +1,66 @@
+ECONOMIC SPOTLIGHT - U.S. CONGRESS RAPS JAPAN
+  The U.S. Congress is making Japan,
+  with its enormous worldwide trade surplus, the symbol of the
+  U.S. trade crisis and the focus of its efforts to turn around
+  America's record trade deficit.
+      "Japan has come to symbolize what we fear most in trade: the
+  challenge to our high technology industries, the threat of
+  government nutured competition, and the multitude of barriers
+  to our exports," Senate Democratic Leader Robert Byrd said.
+      "If we can find a way to come to terms with Japan over trade
+  problems, we can manage our difficulties with other countries,"
+  the West Virginia Democrat said at a Senate Finance Committee
+  hearing on the trade bill.
+      Byrd and House Speaker Jim Wright, a Texas Democrat, have
+  made trade legislation a priority this year and a wide-ranging
+  bill is being readied for probable House approval next month.
+      Japan's bilateral trade surplus jumped from 12 billion dlrs
+  in 1980 to 62 billion dlrs last year. Its surplus rose to 8.14
+  billion dlrs in February from 5.7 billion dlrs in January.
+      Congress points to the record 169 billion dlrs U.S. trade
+  deficit in 1986 and the slow response in the trade imbalance to
+  the dollar's decline in world currency markets as a reason to
+  press Japan to buy more U.S. goods.
+      They are particularly dismayed by the rapid deterioration
+  in U.S. exports of sophisticated computer technology.
+      In response to the growing anger and pressure by the U.S.
+  semiconductor industry, President Reagan Friday announced he
+  intended to raise tariffs as much as 300 mln dlrs on Japanese
+  electronic goods in retaliation for Japan's failure to abide by
+  a 1986 U.S.-Japanese semiconductor agreement.
+      Congress also has been been angered by the administration's
+  lack of success with Japan on a host of other trade issues
+  including beef, citrus, automobile parts, telecommunications
+  goods, and financial services.
+      The bulk of the House trade bill was written last week in
+  four committees. It is a package of trade sanctions and
+  measures to force the administration take tough action against
+  foreign trade barriers and unfair competition.
+      Although most provisions do not single out Japan, in many
+  cases their impact would be to restrict imports of Japanese
+  products or make them more expensive with higher duties.
+      The cornerstone of the trade legislation passed the House
+  Ways and Means Committee by a vote of 34 to 2. Its focus is to
+  force President Reagan to retaliate against unfair foreign
+  competition and to make it easier for U.S. industries to win
+  temporary relief from surges in imports.
+      The most controversial issue, an amendment to restrict
+  imports if countries such as Japan with large surpluses do not
+  buy more U.S. goods was left for an April vote by the House.
+      Rep. Richard Gephardt, a Democratic presidential aspirant
+  from Missouri, has the support of Wright and other key
+  Democrats to press for passage of the amendment.
+      The measure would have the most impact on Japan, West
+  Germany, Taiwan and South Korea. If Japan, for example, does
+  not reduce its barriers by mid-1988, the United States would
+  set import quotas or tariffs to cut Japanese surplus by ten per
+  cent a year for three years.
+      "I'm tired of going into companies and having managers say
+  to me, 'We're not over competing in Japan because we can't
+  compete in the marketplace.' That argument needs to be taken
+  away from American business," Gephardt said.
+      The administration has said it could not support a trade
+  bill containing such a provision.
+      
+  
+
diff --git a/reuters/training/10907 b/reuters/training/10907
new file mode 100644
index 0000000000000000000000000000000000000000..f685d5df0b67dcd90531bf4e359eca89a6272141
--- /dev/null
+++ b/reuters/training/10907
@@ -0,0 +1,11 @@
+GENERAL PUBLIC UTILITIES CORP <GPU> TWO MTHS NET
+  Shr 97 cts vs 81 cts
+      Net 60.8 mln vs 51.1 mln
+      Revs 487.4 mln vs 529.7 mln
+      12 mths
+      Shr 3.42 dlrs vs 2.18 dlrs
+      Net 215.0 mln vs 137.2 mln
+      Revs 2.74 billion vs 2.88 billion
+      NOTE: 1986 results restated for change in accounting.
+  
+
diff --git a/reuters/training/10908 b/reuters/training/10908
new file mode 100644
index 0000000000000000000000000000000000000000..07f0ce19e8b9227f7d2f57acf2ec3ea9a70cd9f3
--- /dev/null
+++ b/reuters/training/10908
@@ -0,0 +1,11 @@
+KAUFMAN, BOARD <KB> UNITS CUT QUAKER <KSF> STAKE
+  Kaufman and Board Inc and its
+  insurance subsidiaries said they lowered their stake in Quaker
+  State Oil Refining Corp to 1,795,908 shares, or 6.9 pct of the
+  total outstanding, from 2,120,908 shares, or 8.1 pct.
+      In a filing with the Securities and Exchange Commission,
+  the Kaufman and Board group, which includes Sun Life Group,
+  said it sold 325,000 Quaker State common shares between Feb 27
+  and March 23 at prices ranging from 28.00 to 31.00 dlrs each.
+  
+
diff --git a/reuters/training/10909 b/reuters/training/10909
new file mode 100644
index 0000000000000000000000000000000000000000..4236484153af3599525cefbe2f5fc19ee601b093
--- /dev/null
+++ b/reuters/training/10909
@@ -0,0 +1,13 @@
+BUSINESSMAN HAS 5.7 PCT OF ARDEN GROUP <ARDNA>
+  Saul Brandman, a California business
+  executive, told the Securities and Exchange Commission he has
+  acquired 118,714 shares of Arden Group Inc, or 5.7 pct of the
+  total outstanding common stock.
+      Brandman, chairman of Domino of California Inc, a Los
+  Angeles garment maker, said he bought the stake for 3.1 mln
+  dlrs for investment purposes.
+      He said he may buy more Arden Group shares, or he may sell
+  some or all of his current stake. He also said he has no plans
+  to seek control of the company.
+  
+
diff --git a/reuters/training/1091 b/reuters/training/1091
new file mode 100644
index 0000000000000000000000000000000000000000..15c584e1c03880b7a154ebd7feaada47f63905ca
--- /dev/null
+++ b/reuters/training/1091
@@ -0,0 +1,5 @@
+FORD MOTOR CO OF CANADA LTD 4TH QTR SHR 8.17 DLRS VS 55 CTS
+
+  FORD MOTOR CO OF CANADA LTD 4TH QTR SHR 8.17 DLRS VS 55 CTS
+  
+
diff --git a/reuters/training/10913 b/reuters/training/10913
new file mode 100644
index 0000000000000000000000000000000000000000..b8b1a0fbf90fbfe818b7654fd6f00f3502f7f242
--- /dev/null
+++ b/reuters/training/10913
@@ -0,0 +1,11 @@
+FED WILL BUY BILLS FOR CUSTOMER AFTER AUCTION
+  The Federal Reserve said it will enter
+  the U.S. Government securities market after the 1300 EST weekly
+  bill auction to purchase around 900 mln dlrs of Treasury bills
+  for customers, a spokesman said.
+      He said the Fed will purchase bills with maturities from
+  May through September 10.
+      Dealers said Federal funds were trading at 6-3/8 pct when
+  the Fed announced the operation.
+  
+
diff --git a/reuters/training/10917 b/reuters/training/10917
new file mode 100644
index 0000000000000000000000000000000000000000..1ec358f129864fa399d76b367e89d28d9ddab61f
--- /dev/null
+++ b/reuters/training/10917
@@ -0,0 +1,10 @@
+METROMAIL CORP <MTML> 3RD QTR MARCH 1 NET
+  Shr 25 cts vs 32 cts
+      Net 2,414,500 vs 3,027,500
+      Rev 26.2 mln vs 23.5 mln
+      Nine months
+      Shr 76 cts vs 82 cts
+      Net 7,214,900 vs 7,752,800
+      Rev 69.2 mln vs 64.9 mln
+  
+
diff --git a/reuters/training/10918 b/reuters/training/10918
new file mode 100644
index 0000000000000000000000000000000000000000..693df28484d7a5a72dedb28cb6f0addf721fef70
--- /dev/null
+++ b/reuters/training/10918
@@ -0,0 +1,19 @@
+ORANGE <OJAY> IN DEFINITIVE PACT TO SELL UNITS
+  Orange Julius International Inc said
+  it entered into a definitive agreement to sell Orange Julius of
+  America and Orange Julius Canada Limited to H.C. Holdings Inc,
+  owned by Branford Castle Inc, a merchant banker, members of its
+  management and certain of its shareholders.
+      Orange said the purchase price will consist of 19 mln dlrs
+  in cash and 10 pct redeemable preferred, 10 pct of HC's common
+  equity, and the right for it to prospectively receive 20 pct of
+  certain royalties under a proposed licensing program.
+      It said HC also agreed to lend up to 600,000 dlrs to it in
+  advance of closing and it had already received 300,000 dlrs.
+      Orange Julius announced the proposed sale of the units when
+  a letter of intent was signed February 17.
+      The company said it is reviewing other offers to buy the
+  units and if it decides to accept another offer it will pay HC
+  an agreed upon amount and reimburse HC for its expenses.
+  
+
diff --git a/reuters/training/10919 b/reuters/training/10919
new file mode 100644
index 0000000000000000000000000000000000000000..1445904f14cfeefc91944254f2decdb34038a36b
--- /dev/null
+++ b/reuters/training/10919
@@ -0,0 +1,16 @@
+SIERRACIN CORP <SER> 4TH QTR NET
+  Oper shr profit nine cts vs loss 26 cts
+      Oper net profit 313,000 vs loss 860,000
+      Revs 18.8 mln vs 16.4 mln
+      Year
+      Oper shr profit 45 cts vs loss 47 cts
+      Oper net profit 1,543,000 vs loss 1,582,000
+      Revs 72.7 mln vs 61.4 mln
+      Note: Current qtr and year figures exclude losses from
+  discontinued operations of 179,000 dlrs, or five cts per share
+  and 901,000 dlrs, or 27 cts per share, respectively.
+      Prior qtr and year figures exclude losses from discontinued
+  operations of 600,000 dlrs, or 17 cts per share and 1.1 mln
+  dlrs, or 33 cts per share, respectively.
+  
+
diff --git a/reuters/training/10921 b/reuters/training/10921
new file mode 100644
index 0000000000000000000000000000000000000000..a59eecedb192b0c481ac9d20fc6112e0ee5e840e
--- /dev/null
+++ b/reuters/training/10921
@@ -0,0 +1,7 @@
+COMPUTER MICROFILM CORP <COMI> YEAR NET
+  Shr 23 cts vs 14 cts
+      Net 439,100 vs 259,948
+      Revs 9,918,413 vs 9,683,392
+      NOTE: Share adjusted for five pct stock dividend.
+  
+
diff --git a/reuters/training/10922 b/reuters/training/10922
new file mode 100644
index 0000000000000000000000000000000000000000..d9fffa1b5cbf9ee1f59e320e78ca76be63040f5e
--- /dev/null
+++ b/reuters/training/10922
@@ -0,0 +1,8 @@
+COMPUTER MICROFILM <COMI> SEES HIGHER 1987 NET
+  Computer Microfilm corp said it expects
+  revenues of over 12.5 mln dlrs and higher earnings in 1987.
+      The company today reported 1986 earnings of 439,100 dlrs on
+  revenues of 9,918,413 dlrs, up from earnings of 259,948 dlrs
+  and revenues of 9,683,392 dlrs a year before.
+  
+
diff --git a/reuters/training/10923 b/reuters/training/10923
new file mode 100644
index 0000000000000000000000000000000000000000..ccd9a2a271ecd6c49fa5cedbcdecc3edd039de30
--- /dev/null
+++ b/reuters/training/10923
@@ -0,0 +1,15 @@
+KEVLIN MICROWAVE CORP <KVLM> 3RD QTR FEB 28 NET
+  Shr profit nil vs profit five cts
+      Net profit 9,879 vs profit 118,852
+      Revs 1,581,894 vs 1,878,052
+      Avg shrs 2,627,952 vs 2,617,090
+      Nine mths
+      Shr loss two cts vs profit 24 cts
+      Net loss 51,001 vs profit 619,860
+      Revs 4,006,024 vs 6,646,587
+      Avg shrs 2,532,959 vs 2,621,397
+      NOTE: Nine mth orders 4,601,463 dlrs, up 39 pct, and
+  backlog at end of period 4,906,670 dlrs, up 83 pct from a year
+  before.
+  
+
diff --git a/reuters/training/10924 b/reuters/training/10924
new file mode 100644
index 0000000000000000000000000000000000000000..ac7517ea305fa9f2aec41b817fa74d0a60dc5be1
--- /dev/null
+++ b/reuters/training/10924
@@ -0,0 +1,7 @@
+UNIFAST INDUSTRIES INC <UFST> YEAR NET
+  Shr 62 cts vs 19 cts
+      Net 961,826 vs 226,429
+      Sales 22.8 mln vs 16.1 mln
+      Avg shrs 1,543,230 vs 1,172,039
+  
+
diff --git a/reuters/training/10925 b/reuters/training/10925
new file mode 100644
index 0000000000000000000000000000000000000000..c2308e76e9d86a9120e7aa8356f51806be0764f9
--- /dev/null
+++ b/reuters/training/10925
@@ -0,0 +1,15 @@
+AZTEC MANUFACTURING CO <AZTC> 4TH QTR LOSS
+  Shr loss 77 cts vs loss 1.49 dlrs
+      Qtly div two cts vs two cts prior
+      Net loss 3,860,000 vs loss 7,541,000
+      Sales 2,538,000 vs 3,648,000
+      Year
+      Shr loss 78 cts vs loss 1.58 dlrs
+      Net loss 3,935,000 vs loss 7,999,000
+      Sales 10.5 mln vs 16.3 mln
+      NOTE: Dividend pay April 24, record April 10.
+      1986 net both periods includes pretax charge 2,944,000 dlrs
+  from writedown of assets and provision 726,000 dlrs for
+  obsolete and nonproductive inventory and other items.
+  
+
diff --git a/reuters/training/10926 b/reuters/training/10926
new file mode 100644
index 0000000000000000000000000000000000000000..a7b78ed1f91db8c4c3c039ff63473f80a2094ccc
--- /dev/null
+++ b/reuters/training/10926
@@ -0,0 +1,8 @@
+GAC LIQUIDATING TRUST <GACTZ> YEAR NET
+  Shr 1.05 dlrs vs 27 cts
+      Net 4,193,000 vs 1,070,000
+      Revs 9,377,000 vs 9,444,000
+      NOTE: 1986 net includes gain two mln dlrs from reduction of
+  loss allowance on undeveloped land.
+  
+
diff --git a/reuters/training/10928 b/reuters/training/10928
new file mode 100644
index 0000000000000000000000000000000000000000..fdcf44b916804b28d19fd591e588f7be0febea2b
--- /dev/null
+++ b/reuters/training/10928
@@ -0,0 +1,14 @@
+INVESTOR HAS 8.0 PCT OF ALLEGHENY INT'L <AG>
+  A group of firms and funds
+  controlled by New York investor Mario Gabelli said it has
+  acquired the equivalent of 882,507 shares of Allegheny
+  International, or 8.0 pct of the total outstanding.
+      In a filing with the Securities and Exchange Commission,
+  the Gabelli group said it bought the stake as part of its 
+  business and not in an effort to seek control of the company.
+      It said it may by more shares or sell some or all of its
+  current stake. The stake includes 782,000 common shares and
+  cumulative convertible preferred stock which could be converted
+  into 100,507 common shares.
+  
+
diff --git a/reuters/training/10931 b/reuters/training/10931
new file mode 100644
index 0000000000000000000000000000000000000000..7f266a7c2e0c4cf2aeea67350acf58527d2b15f6
--- /dev/null
+++ b/reuters/training/10931
@@ -0,0 +1,90 @@
+U.S. CORPORATE FINANCE - NEW ZEALAND DLR FRNS
+  Floating-rate notes denominated in a
+  foreign currency, a relatively new wrinkle on Wall Street, will
+  probably be issued infrequently because the so-called "window
+  of opportunity" opens and closes quickly, traders say.
+      "In just two days we had as many issues. As a result, the
+  market became glutted," said one trader.
+      He said the window depends more on supply than on foreign
+  exchange or interest rate risk, at least for the moment.
+  "Obviously, currency risk is important. But there is a limited
+  number of investors right now for the paper," he said.
+      On Thursday, Bear, Stearns and Co sole-managed a 100 mln
+  New Zealand dlr offering of three-year floating-rate notes
+  issued by Ford Motor Credit Co, a unit of Ford Motor Co <F>.
+      The initial rate for the notes will be set on April 15, and
+  quarterly after that, at 200 basis points below the 90-day New
+  Zealand bank bill rate. They are non-callable for life.
+      This followed by a week another Bear Stearns-led offering
+  of the same amount of New Zealand dollar notes for Dow Chemical
+  Co <DOW>. The initial rate was also to be initially set on
+  April 15, and quarterly after that, at 340 basis points below
+  the same 90-day New Zealand rate.
+      Because the Dow Chemical notes carried an interest rate
+  floor of 17 pct, the issue saw strong investor demand,
+  underwriters said.
+      But the Ford Credit notes and Friday's offering of 130 mln
+  New Zealand dlrs of floating-rate notes due 1990 issued by
+  General Electric Co's <GE> General Electric Credit Corp via
+  Prudential-Bache Securities Inc, did not have such a floor.
+      "Obviously, the two firms did not want to issue floaters
+  and face the risk of New Zealand rates falling sharply," an
+  underwriter away from the syndicates said. He and others noted
+  that the New Zealand 90-day rate was 27 pct late last week.
+      An underwriter familiar with the Dow Chemical deal pointed
+  out that because of the interest rate and currency swaps Dow
+  did, the issuer felt comfortable setting a rate floor.
+      Domestic offerings of foreign currency denominated date
+  first surfaced in Fall 1985. By using currency and rate swaps,
+  companies can sell debt that pays a high interest rate in a
+  foreign currency like Australian or New Zealand dollars. But
+  the issuers actually realize savings on borrowing costs.
+      "I would say that every company which issued foreign
+  currency debt saved some basis points when compared to
+  same-maturity plain vanilla U.S. issues," an analyst said.
+      Investors, mainly institutions, were attracted to the early
+  issues because of the high interest rates. They were willing to
+  absorb foreign currency risk until mid-1986, when sharp slides
+  posted by the Australian and New Zealand dollars brought such
+  issuance to a quick halt.
+      It was not until late last year, after the currencies
+  stabilized, that companies again started issuing debt
+  denominated in Australian and New Zealand dollars.
+      But many investors have still shied away from the debt,
+  remembering the mid-1986 downturn of the Australian and New
+  Zealand dollars, analysts noted.
+      To attract some of those investors back to the fold,
+  underwriters like Bear Stearns decided to structure the foreign
+  currency issues as floating rate debt, sources said.
+      This occurred against a backdrop of uncertainty over the
+  course of U.S. interest rates for the intermediate term, and
+  predictions by a number of economists that Treasury yields
+  would rise in the second half of the year, the sources noted.
+      A Bear Stearns officer said more than half of the Ford
+  Credit notes were sold by late Friday afternoon, the second day
+  of offering. "That is quicker than some recent fixed-rate New
+  Zealand dollar note issues," he said.
+      However, underwriters away from the Bear Stearns syndicate
+  said the issue may have sold even faster if Prudential-Bache
+  did not offer the General Electric Credit notes on Friday.
+      They pointed out that the Ford notes were rated A-1 by
+  Moody's Investors and AA-minus by Standard and Poor's, while
+  the General Electric notes, which had the same interest rate
+  terms and were also non-callable to maturity, carried
+  top-flight AAA ratings by both agencies.
+      "We have sold 20 to 25 pct of the GE notes. For first-day
+  sales on a Friday afternoon, I'm happy with the results," an
+  officer on Prudential-Bache's syndicate desk said.
+      Investors pay the U.S. dollar equivalent of the foreign
+  currency-denominated notes, underwriters said.
+      Investment bankers said the next floating-rate issue of New
+  Zealand or Australian dollar-denominated debt is probably a few
+  weeks away.
+      "I would like to underwrite a deal a day. But with the Dow,
+  Ford and GE offerings, the marketplace has had enough for the
+  time being," the Prudential-Bache officer admitted.
+      Meanwhile, IDD Information Services said the 30-day
+  corporate visible supply fell to 3.29 billion dlrs last week
+  from 3.98 billion dlrs in the previous week.
+  
+
diff --git a/reuters/training/1094 b/reuters/training/1094
new file mode 100644
index 0000000000000000000000000000000000000000..df03cd50b2c43ef4cc60e94664ee24472ede02cb
--- /dev/null
+++ b/reuters/training/1094
@@ -0,0 +1,23 @@
+YUGOSLAVIA WHEAT FREE OF WINTERKILL - USDA
+  There was no evidence of winterkill
+  in Yugoslavian winter wheat during field travel along a line
+  running northwest from Belgrade to near Maribor, the U.S.
+  Agriculture Department's counselor in Belgrade said in a field
+  report.
+      The report, dated February 26, said there is evidence of
+  delayed germination in most areas due to late seeding last fall
+  because of dry conditions.
+      However warm temperatures over the past three weeks have
+  promoted some early growth and will help the crop catch up on
+  last fall's late seeding, it said.
+      Some Yugoslav agriculture officials are concerned about the
+  situation because warm temperatures have brought the grain out
+  of dormancy and taken away snow protection a little early, the
+  report said.
+      Cold temperatures over the next month could cause damage
+  under these conditions, they said.
+      The report said all wheat farmers contacted during the
+  field trip were optimistic about the crop and the way it
+  emerged from winter.
+  
+
diff --git a/reuters/training/10941 b/reuters/training/10941
new file mode 100644
index 0000000000000000000000000000000000000000..5af54ddfa99f477e19b5829f56bfbffc0e63e1e0
--- /dev/null
+++ b/reuters/training/10941
@@ -0,0 +1,9 @@
+<CLAYTON AND DUBILIER INC> SELLS BURPEE
+  Privately-held Clayton and Dubilier
+  Inc said it has sold W. Atlee Burpee Co to a new company formed
+  by Wicks Capital Corp, Bankers Trust New York Corp <BT> aND
+  Burpee management for undisclosed terms.
+      The garden supply company was acquired from ITT Corp <ITT>
+  in December along with O.M. Scott and Sons Co.
+  
+
diff --git a/reuters/training/10943 b/reuters/training/10943
new file mode 100644
index 0000000000000000000000000000000000000000..34c825227854e53723058dafe01c8461dd1f4181
--- /dev/null
+++ b/reuters/training/10943
@@ -0,0 +1,9 @@
+GCA CORP <GCA> YEAR
+  Shr loss 1.77 dlrs vs loss 10.47 dlrs
+      Net loss 24.9 mln vs loss 123.1 mln
+      Revs 123.1 mln vs 156.5 mln
+      NOTE:1985 loss includes loss of 51.2 mln dlrs from
+  discontinued operations. 1986 loss includes gain of 6.8 mln
+  dlrs from discontinued operations.
+  
+
diff --git a/reuters/training/10944 b/reuters/training/10944
new file mode 100644
index 0000000000000000000000000000000000000000..068d74c7b586a9051f31600223b67be3bdc8f87a
--- /dev/null
+++ b/reuters/training/10944
@@ -0,0 +1,22 @@
+DOW <DOW> SEES RECORD ANNUAL PROFITS IN 1987
+  Dow Chemical Co believes strong margins
+  for chemical products could result in record earnings this
+  year, Chairman Paul Oreffice said.
+      "I'm hoping we will have the best year in our history
+  profit-wise," he told reporters following a speech at The
+  American Institute of Chemical Engineers meeting.
+      "I believe the entire chemical industry is headed for a
+  record year, or close to it," Oreffice said.
+      In 1986, Dow earned 741 mln dlrs an increase from 1985's 58
+  mln dlrs brought about by falling oil prices and resulting
+  cheaper feedstock costs.
+      Oreffice also said Dow's profit margins on chemical
+  products would improve this year over last year.
+      He said reduced capacity in the chemical industry and the
+  weakened U.S. dollar would also contribute to the company's
+  improved performance.
+      Dow will spending about 650 mln dlrs on research and
+  development in 1987 with an emphasis on new specialty
+  chemicals, Oreffice said.
+  
+
diff --git a/reuters/training/10946 b/reuters/training/10946
new file mode 100644
index 0000000000000000000000000000000000000000..c2c12d3b0abc3d8f1d30ed32c1dcb51260b5fc3b
--- /dev/null
+++ b/reuters/training/10946
@@ -0,0 +1,8 @@
+CHEROKEE GROUP <CHKE> 1ST QTR FEB 28 NET
+  Shr 22 cts vs 16 cts
+      Net 2,460,000 vs 1,730,000
+      Sales 37.0 mln vs 27.3 mln
+      Per share figures adjusted for two-for-one stock split of
+  February 1987.
+  
+
diff --git a/reuters/training/10947 b/reuters/training/10947
new file mode 100644
index 0000000000000000000000000000000000000000..5e4d8ca1a7dc86e18f9f892300b21f7c7e2e8cd4
--- /dev/null
+++ b/reuters/training/10947
@@ -0,0 +1,66 @@
+CRUDE OIL NETBACKS UP IN U.S., MEDITERRANEAN
+  Crude oil netback values in complex
+  refineries rose slightly in the U.S. and the Mediterranean 
+  last Friday from the previous week but were lower elsewhere,
+  according to calculations by Reuters Pipeline.
+      The soft tone to refining margins reflects large worldwide
+  stocks of petroleum products and thin trading activity, traders
+  said.
+      In the U.S. Gulf, sweet crudes rose in value by as much as
+  26 cts a barrel for West Texas Intermediate, an increase of 1.4
+  pct from the previous Friday, while sour crudes, such as
+  Alaska North Slope, were up one pct.
+      In the Mediterranean, netback values were up 17 cts to 22
+  cts a barrel, with Arab Light up 17 cts a barrel to 18.62 dlrs,
+  a 0.9 pct increase from the previous Friday and Urals were up
+  22 cts a barrel to 19.16 dlrs, a 1.2 pct increase.
+      But netbacks for crude oil refined in Northern Europe was
+  generally lower with Brent valued at 18.89 dlrs, off 30 cts
+  from the previous friday, and Bonny Light was off 17 cts to
+  19.58 dlrs a barrel.
+      Refinery netbacks in Singapore were also lower, with
+  heavier and sour crudes weakest. Arab Heavy dropped 10 cts to
+  16.63 dlrs a barrel and Dubai was off 12 cts to 18.09 dlrs.
+      On the U.S. West Coast, however, netback values for ANS CIF
+  L.A. were weaker with weak gasoline prices sending the yield at
+  cracking plants down 68 cts to 18.42 dlrs from the previous
+  Friday, as shown below in dlrs a barrel.
+  TOPPING.........15.63......16.10......14.30
+  CRACKING........18.42......19.10......16.86
+      The Mediterranean region also showed netback values rising
+  last Friday over the previous week with the largest gains shown
+  by Es Sider and the heavier Urals crude oil, which were each up
+  22 cts a barrel last Friday to 19.40 dlrs and 19.16 dlrs a
+  barrel, respectively.
+      Netback values for the mediterranean region are shown below
+  in dlrs a barrel.
+  GRADE...........MAR 27.....MAR 20.....FEB 27
+  ES SIDER........19.40......19.18......16.44
+  ARAB LIGHT......18.61......18.44......15.52
+  IRAN LT.........19.25......19.08......16.16
+  KUWAIT..........18.51......18.33......15.42
+  URALS cif.......19.16......18.94......16.07
+      Netbacks in Northern Europe's refinery region were lower
+  last friday from the previous week with Brent falling 1.6 pct
+  to 18.89 dlrs a barrel.
+       Netbacks for other grades of oil refined in Northern
+  Europe are shown below in dlrs a barrel.
+  ................MAR 27.....MAR 20.....FEB 27
+  BRENT...........18.89......19.19......16.77
+  BONNY LIGHT.....19.58......19.75......17.15
+  ARAB LIGHT......18.49......18.52......16.07
+  URALS CIF.......19.02......18.98......16.54
+      Refinery netbacks in Singapore were also lower with heavier
+  and sour crudes weakest.
+      Arab Heavy dropped 10 cts to 16.63 dlrs a barrel and Dubai
+  was off 12 cts to 18.09 dlrs.
+       Netbacks for other grades of oil refined in Singapore  are
+  shown below in dlrs a barrel.
+  GRADE...........MAR 27.....MAR 20.....FEB 27
+  ATTAKA..........19.23......19.24......16.72
+  ARAB LIGHT......18.00......18.10......15.55
+  OMAN............18.21......18.25......16.31
+  DUBAI...........18.09......18.21......15.86
+  ARAB HEAVY......16.63......16.73......14.24
+  
+
diff --git a/reuters/training/10950 b/reuters/training/10950
new file mode 100644
index 0000000000000000000000000000000000000000..3d6f6384f6ffa7626a9b08fc6c015833f2963cf2
--- /dev/null
+++ b/reuters/training/10950
@@ -0,0 +1,10 @@
+INVESTOR GROUP HAS CIRCLE EXPRESS <CEXX> STAKE
+  An investor group controlled by New
+  York Investor David Rocker told the Securities and Exchange
+  Commission it has acquired 291,400 shares of Circle Express
+  Inc, or 6.1 pct of the total outstanding common stock.
+      The group, Rocker Partners Ltd and Compass Investments Ltd,
+  said it bought the stake for investment purposes and not as
+  part of an effort to seek control of the company.
+  
+
diff --git a/reuters/training/10956 b/reuters/training/10956
new file mode 100644
index 0000000000000000000000000000000000000000..fe6175b653f8d23cf0231eefdf36179296accccd
--- /dev/null
+++ b/reuters/training/10956
@@ -0,0 +1,25 @@
+FRENCH 1986/87 SOFT WHEAT EXPORTS FALL
+  Exports of French soft wheat for the
+  period July 1, 1986, to March 1, 1987, fell 27.6 pct to 8.21
+  mln tonnes from 11.34 mln tonnes in the same 1985/86 period,
+  the national cereals office ONIC said quoting customs figures.
+      Of this total, exports to non-EC countries totalled 3.76
+  mln tonnes, 34 pct down on 5.70 mln, and exports to EC nations
+  4.45 mln tonnes, 21.1 pct down on a previous 5.64 mln.
+      Main EC destinations were Italy with two mln tonnes versus
+  1.9 mln, Belgium 500,000 tonnes (one mln), Netherlands 500,000
+  (600,000), West Germany 500,000 (800,000), Spain 300,000
+  (zero), Britain 300,000 (700,000), Greece 200,000 (300,000),
+  and Ireland 100,000 (200,000).
+      In flour, exports totalled 980,000 tonnes, up 6.5 pct on a
+  previous 920,000 tonnes.
+      Exports of maize totalled 4.11 mln tonnes, 37.4 pct up on a
+  previous 2.99 mln. Exports to non-EC countries were 190,000
+  tonnes against 140,000 and to EC countries 3.92 mln tonnes
+  against 2.84 mln.
+      Main EC desinations were Netherlands 900,000 (600,000),
+  Belgium 800,000 (one mln), Britain 700,000 (500,000), West
+  Germany 400,000 (same), Italy 300,000 (200,000) and Greece
+  300,000 (zero).
+  
+
diff --git a/reuters/training/10959 b/reuters/training/10959
new file mode 100644
index 0000000000000000000000000000000000000000..04739b3414ab64b8e49ecb34debef45c9ca7fc5d
--- /dev/null
+++ b/reuters/training/10959
@@ -0,0 +1,47 @@
+IBC EXPECTED TO MAINTAIN COFFEE EXPORT FORMULA
+  The Brazilian Coffee Institute,
+  IBC, is expected to maintain its previous pricing system when
+  it reopens export registrations, probably later this week,
+  exporters said.
+      They said IBC President Jorio Dauster is likely to leave
+  the basic formula for the minimum registration price unchanged
+  but raise the contribution quota to partially offset the
+  effects of cruzado devaluation since April registrations were
+  closed in mid-February.
+      To fully compensate for devaluation the quota would have to
+  be around 28 dlrs per bag against 7.0 when registrations closed.
+      However, even a 21 dlr per bag rise in the contribution
+  quota would make Brazil coffees uncompetitive on world markets,
+  and an increase to around 15 dlrs a bag is more likely, the
+  exporters said.
+      They added that Dauster is keen to raise the contribution
+  quota as the Institute needs money to repay Central Governmnet
+  funds released to finance IBC purchases at the guaranteed
+  producer price.
+      Although a vote in the Monetary Council to provide more
+  funds for such purchases was deferred on technical grounds last
+  week, funds are still being released for subsequent approval.
+      The sources said it is still unclear when registrations
+  will be reopened, although most expect it to be by the end of
+  this week.
+      "Brazil owes it to its customers to make its intentions
+  know. A country like Brazil cannot afford to be permanently
+  closed down," one exporter said.
+      However, before announcing its export policy the IBC is
+  likely to wait to see if tomorrow's meeting of the
+  International Coffee Organisation, ICO, executive board in
+  London decides to call a full council meeting to discuss
+  reintroduction of export quotas, sources said.
+      There is also talk of the announcement this week of new
+  measures to adjust the Brazilian economy, and the IBC could be
+  awaiting clarification before making any move, the exporters
+  said.
+      Another factor which could be delaying the opening of
+  registrations is the current strike by bank workers which,
+  while not affecting current shipments, could affect
+  documentation and currency operations for new sales.
+      This would certainly be the case if the IBC was considering
+  obliging exporters to pay the contribution quota within two or
+  three days of registering a sale.
+  
+
diff --git a/reuters/training/1096 b/reuters/training/1096
new file mode 100644
index 0000000000000000000000000000000000000000..8f4ad146af701abebbca433e382ba21b32536202
--- /dev/null
+++ b/reuters/training/1096
@@ -0,0 +1,13 @@
+AUSIMONT COMPO NV <AUS> 4TH QTR NET
+  Shr 42 cts vs 39 cts
+      Net 12.3 mln vs 9,382,000
+      Sales 172.0 mln vs 146.00 mln
+      Avg shrs 29.5 mln vs 24.3 mln
+      Year
+      Shr 1.63 dlrs vs 1.35 dlrs
+      Net 45.7 mln vs 30.0 mln
+      Sales 665.5 mln vs 446.2 mln
+      Avg shrs 28.0 mln vs 22.3 mln
+      NOTE: translated at 1,339 Italian lire to dollar.
+  
+
diff --git a/reuters/training/10960 b/reuters/training/10960
new file mode 100644
index 0000000000000000000000000000000000000000..89b4ec1753bf3399696782586830185eef576431
--- /dev/null
+++ b/reuters/training/10960
@@ -0,0 +1,8 @@
+<VISTA MANAGEMENT INC> TO MAKE ACQUISITION
+  Vista Management Inc said it has
+  agreed to acquire General Energy Development Inc for over
+  2,200,000 dlrs in cash, with financing to come from mortgage
+  loans on the National Auto Service Centers General Energy
+  operates.
+  
+
diff --git a/reuters/training/10961 b/reuters/training/10961
new file mode 100644
index 0000000000000000000000000000000000000000..78d7a6aa9a2c9efc485b453e283121a8ab4f5dd1
--- /dev/null
+++ b/reuters/training/10961
@@ -0,0 +1,9 @@
+GOLDEN POULTRY <CHIK> TO MAKE ACQUISITION
+  golden Poultry Co Inc said it has
+  signed a letter of intent to purchase privately-held food
+  distributor Don Lowe Foods Inc of Pompano Beach, Fla., for
+  undisclosed terms, subject to approval by both boards.
+      It said Tampa operations of Lowe are not involved in the
+  sale.
+  
+
diff --git a/reuters/training/10962 b/reuters/training/10962
new file mode 100644
index 0000000000000000000000000000000000000000..98d968c643be7f447f7ac809a37aa9ed3fdbc127
--- /dev/null
+++ b/reuters/training/10962
@@ -0,0 +1,9 @@
+WILLCOX AND GIBBS <WG> TO MAKE ACQUISITION
+  Willcox and Gibbs Inc said it has
+  agreed to acquire Atlantia electric parts distributor B and W
+  Electric Supply Co for an undisclosed amount of cash.
+      B and W had sales of about eight mln dlrs in its most
+  recent year.
+      Willcox said it plans further expansion in the Atlanta area.
+  
+
diff --git a/reuters/training/10963 b/reuters/training/10963
new file mode 100644
index 0000000000000000000000000000000000000000..e00ebf52ae70f340e7d3c62c625be39ad9a2571c
--- /dev/null
+++ b/reuters/training/10963
@@ -0,0 +1,10 @@
+MISCHER CORP <MSHR> 4TH QTR LOSS
+  Shr loss 67 cts vs profit 60 cts
+      Net loss 1,398,000 vs profit 1,250,000
+      Revs 8,834,000 vs 20.9 mln
+      Year
+      Shr loss 2.81 dlrs vs loss 15 cts
+      Net loss 5,864,000 vs loss 310,000
+      Revs 52.1 mln vs 82.7 mln
+  
+
diff --git a/reuters/training/10964 b/reuters/training/10964
new file mode 100644
index 0000000000000000000000000000000000000000..988c78b019047eb07606f139b9fd4eecc69e78d1
--- /dev/null
+++ b/reuters/training/10964
@@ -0,0 +1,18 @@
+WICHITA INDUSTRIES INC <WRO> 4TH QTR NET
+  Shr profit 32 cts vs profit eight cts
+      Net profit 936,000 vs profit 249,000
+      Revs 348,000 vs 1,150,000
+      Year
+      Shr loss 2.15 dlrs vs loss 19 cts
+      Net loss 6,095,000 vs loss 469,000
+      Revs 1,554,000 vs 4,254,000
+      NOTE: Results include credits of 556,000 and 1,141,000 for
+  the latest qtr and yr vs 112,000 and 656,000 for prior periods
+  from tax loss carryforwards.
+      Results include after-tax gains of 567,000 for both 1986
+  periods vs loss of 45,000 for prior periods on disposal of
+  discontinued operations.
+      Prior periods restated to reflect sale of discontinued
+  operations.
+  
+
diff --git a/reuters/training/10966 b/reuters/training/10966
new file mode 100644
index 0000000000000000000000000000000000000000..06b7ce72e205b7c61e75fa7c3e8502e194b5e300
--- /dev/null
+++ b/reuters/training/10966
@@ -0,0 +1,10 @@
+INFODATA SYSTEMS INC <INFD> 4TH QTR NET
+  Shr profit 20 cts vs loss 33 cts
+      Net profit 376,470 vs loss 1,555,469
+      Revs 3,615,550 vs 2,896,000
+      Year
+      Shr profit 14 cts vs loss 66 cts
+      Net profit 382,014 vs loss 1,128,160
+      Revs 11.2 mln vs 11.0 mln
+  
+
diff --git a/reuters/training/10969 b/reuters/training/10969
new file mode 100644
index 0000000000000000000000000000000000000000..50968b6fddb3dc53cb91aa743ba8f9177e7707f8
--- /dev/null
+++ b/reuters/training/10969
@@ -0,0 +1,18 @@
+CITY RESOURCES <CCIMF> TO SELL PROPERTY STAKE
+  City Resources Ltd said it has agreed
+  in principle to sell a 50 pct interest in a group of mineral
+  properties in the southwest Pacific to a buyer it did not name
+  for 30 mln Canadian dlrs.
+      The company said a preliminary estimate of the geological
+  resources of one of the properties to a depth of 200 meters
+  indicates a potential of 1.2 mln ounces of gold, and by the
+  middle of 1987 it expects to establish proven ore reserves
+  containing at least 500,000 ounces of gold.  It said mining
+  could start in 1988, subject to a satisfactory prefeasibility
+  study.
+      The company said completion of the transaction is subject
+  to regulatory and shareholder approvals.
+      City Resources is controlled by City Resources Ltd of
+  Australia.
+  
+
diff --git a/reuters/training/10971 b/reuters/training/10971
new file mode 100644
index 0000000000000000000000000000000000000000..541449a346b74c639823ef662d855752a252f35d
--- /dev/null
+++ b/reuters/training/10971
@@ -0,0 +1,11 @@
+HUGHES SUPPLY <HUG> TO MAKE ACQUISITION
+  Hughes Supply Inc said it has
+  signed a letter of intent to acquire most of the assets of Tri
+  State Supply Inc, a wholesale distributor of electrinical
+  fixtures and supplies with sales for the year ending tomorrow
+  of about 13 mln dlrs.
+      Terms were not disclosed.
+      It said clopsing is expected around April 30, subject to
+  approval by Tri State's board and shareholders.
+  
+
diff --git a/reuters/training/10972 b/reuters/training/10972
new file mode 100644
index 0000000000000000000000000000000000000000..bb56a85921f432376f88a6ada4954815c28b9c18
--- /dev/null
+++ b/reuters/training/10972
@@ -0,0 +1,8 @@
+JMB REALTY TRUST <JMBRS> 2ND QTR FEB 28 NET
+  Shr 31 cts vs 41 cts
+      Net 436,981 vs 583,715
+      Six months
+      Shr 63 cts vs 82 cts
+      Net 901,648 vs 1,160,178
+  
+
diff --git a/reuters/training/10973 b/reuters/training/10973
new file mode 100644
index 0000000000000000000000000000000000000000..689a7d36dd8f4debb2e3a1770069d1e4b0869b17
--- /dev/null
+++ b/reuters/training/10973
@@ -0,0 +1,16 @@
+REPUBLIC PICTURES CORP <RPICA> 4TH QTR LOSS
+  Oper shr loss two cts vs profit eight cts
+      Oper net loss 77,000 vs profit 285,000
+      Revs 3,781,000 vs 4,721,000
+      Year
+      Oper shr profit 23 cts vs profit 26 cts
+      Oper net profit 904,00 vs profit 952,000
+      Revs 19.0 mln vs 15.1 mln
+      Note: Current qtr and year figures exclude losses from
+  discontinued operations of 303,000 dlrs, or seven cts per share
+  and 354,000 dlrs, or nine cts per share, respectively.
+      Net earnings for first three months of 1986 restated to
+  reflect reduction of 148,000 dlrs resulting from increase in
+  effvective income tax rate.
+  
+
diff --git a/reuters/training/10974 b/reuters/training/10974
new file mode 100644
index 0000000000000000000000000000000000000000..fd0991f3d933ab2faf98520e43e682b805714025
--- /dev/null
+++ b/reuters/training/10974
@@ -0,0 +1,13 @@
+EQUIPMENT CO OF AMERICA <ECOA> 4TH QTR NET
+  Oper shr seven cts vs four cts
+      Oper net 159,000 vs 94,000
+      Sales 4,528,000 vs 3,683,000
+      Avg shrs 2,376,000 vs 2,189,000
+      Year
+      Oper shr 19 cts vs 15 cts
+      Oper net 435,000 vs 339,000
+      Sales 15.7 mln vs 14.4 mln
+      NOTE: Net excludes tax credits of 17,000 dlrs vs 39,000
+  dlrs in quarter and 268,000 dlrs vs 294,000 dlrs in year.
+  
+
diff --git a/reuters/training/10978 b/reuters/training/10978
new file mode 100644
index 0000000000000000000000000000000000000000..9412ce9d97740600b6bac433e3a59bbb0aaaac35
--- /dev/null
+++ b/reuters/training/10978
@@ -0,0 +1,22 @@
+OHIO MATTRESS <OMT> IN ACQUISITION, SETTLEMENT
+  Ohio Mattress Co said itr has
+  executed a definitive agreement to acquire Sealy Mattress Co of
+  Michigan Inc, the Detroit licensee of Ohio Mattress's 82 pct
+  owned Sealy Inc subsidiary in a transaction that also involves
+  a settlement between Sealy and Michigan Sealy.
+      The company said on completion of the acquisition, the
+  Sealy stock owned by Michigan Sealy will be redeemed, raising
+  Ohio Mattress' interest in Sealy to 93 pct.  Michigan Sealy has
+  been in litigation against Sealy, alleging violations of
+  antitrust laws, and Sealy was recently found liable for 45 mln
+  dlrs in damages to Michigan Sealy.
+      Under the acquisition agreement, the company said Sealy
+  will enter into a cash settlement of its litigation with
+  Michigan Sealy.
+      The company said shareholders of Michigan Sealy will
+  receive a total of 48.6 mln dlrs, subject to adjustment, from
+  the acquisition and the settlement, both of which are subject
+  to regulatory approvals.
+      Michigan Sealy had sales of about 12.5 mln dlrs in 1986.
+  
+
diff --git a/reuters/training/10980 b/reuters/training/10980
new file mode 100644
index 0000000000000000000000000000000000000000..767dea0320c43ffeb5f9066904baaa2f719d8afb
--- /dev/null
+++ b/reuters/training/10980
@@ -0,0 +1,9 @@
+<TOROMONT INDUSTRIES LTD> YEAR NET
+  Oper shr 49 cts vs 47 cts
+      Oper net 1,475,000 vs 1,474,000
+      Revs 85.8 mln vs 90.6 mln
+      Note: Current shr and net exclude extraordinary loss of
+  3,413,000 dlrs or 1.13 dlrs shares, versus extraordinary loss
+  of 63,000 dlrs or two cts share in prior year
+  
+
diff --git a/reuters/training/10983 b/reuters/training/10983
new file mode 100644
index 0000000000000000000000000000000000000000..6df26d6cb3900b59b2fb4f39f7ef1b8288e9281e
--- /dev/null
+++ b/reuters/training/10983
@@ -0,0 +1,6 @@
+AMERON INC <AMN> 1ST QTR FEB 28 LOSS
+  Shr loss 11 cts vs profit six cts
+      Net loss 515,000 vs profit 294,000
+      Sales 62.8 mln vs 65.4 mln
+  
+
diff --git a/reuters/training/10985 b/reuters/training/10985
new file mode 100644
index 0000000000000000000000000000000000000000..faa500b159de65c0245c5263fda97687b1674266
--- /dev/null
+++ b/reuters/training/10985
@@ -0,0 +1,12 @@
+YORK INTERNATIONAL <YRK> TO MAKE ACQUISITIONS
+  York International Corp said it has
+  agreed to acquire Frick Co and Frigid Coil/Frick Inc for
+  undisclosed terms.
+      The company said Frick makes refrigeration equipment and
+  compressors and Frigid Coil also makes refrigeration equipment.
+   Together the two had revenues of about 50 mln dlrs in 1986.
+      The company said it hopes to complete the acquisition in
+  May, subject to its review of Frick and Frigid and regulatory
+  approvals.
+  
+
diff --git a/reuters/training/10988 b/reuters/training/10988
new file mode 100644
index 0000000000000000000000000000000000000000..942deb3c16b0ca1647e925c5bd395168778d6d5a
--- /dev/null
+++ b/reuters/training/10988
@@ -0,0 +1,12 @@
+NUCLEAR SUPPORT <NSSI> TO BUY ITT <ITT> HENZE
+  Nuclear Support Services Inc
+  said it agreed in principle to buy the business and assets of
+  ITT Henze Service from ITT Corp for an undisclosed amount.
+      Henze, which is engaged in performing nuclear plant repair
+  work, had revenues of 12.7 mln dlrs for the year ended December
+  31, 1986.
+      For 1986, Nuclear Support, a supplier of support personnel
+  and services to the nuclear power industry, had net income of
+  2.4 mln dlrs on sales of 30.6 mln dlrs.
+  
+
diff --git a/reuters/training/10989 b/reuters/training/10989
new file mode 100644
index 0000000000000000000000000000000000000000..27effaa57976f68793ae924334f3a0198e17576e
--- /dev/null
+++ b/reuters/training/10989
@@ -0,0 +1,11 @@
+COLONIAL BANCGROUP <CLBGA> BUYS FARMERS
+  Colonial BancGroup said it
+  acquired Farmers and Merchants Bank, a Baldwin County bank with
+  assets of 103 mln dlrs, through an exchange of stock valued at
+  about 12 mln dlrs.
+      Colonial said it also signed letters of intent to acquire
+  First Federal Bank in Opelika, Athens-Limestone Bank in Athens,
+  Jackson County Bank in Scottsboro and Commercial National Bank
+  in Demopolis, with aggregate assets totaling 130 mln dlrs.
+  
+
diff --git a/reuters/training/1099 b/reuters/training/1099
new file mode 100644
index 0000000000000000000000000000000000000000..6d02fc3e9ceab143b19ccc037b21683716823e50
--- /dev/null
+++ b/reuters/training/1099
@@ -0,0 +1,17 @@
+NORTON <NRT> TO SELL SOUTH AFRICAN OPERATIONS
+  Norton co said it has agreed to
+  sell its remaining South African business, Norton co Pty Ltd,
+  to <Global Mining and Industrial Corp> of South africa for
+  undisclosed terms.
+      The company said the unit accounts for less than two pct of
+  Norton revenues and is being sold because "Growing societal
+  pressures in the United States and the unsettled situation in
+  south Africa had required a disproportionate amount of
+  management tiome to oversee."
+      Norton said the unit is profitable. 
+      Norton said it will provide the South Afrcian unit with
+  future technical support, and products makde under that
+  agreement will continue to be marketed under the Norton
+  trademark.
+  
+
diff --git a/reuters/training/10992 b/reuters/training/10992
new file mode 100644
index 0000000000000000000000000000000000000000..1bf8d14fa054f9e0852253f31e8b903076ef5d22
--- /dev/null
+++ b/reuters/training/10992
@@ -0,0 +1,11 @@
+ROCHESTER TELEPHONE <RTC> COMPLETES ACQUISITION
+  Rochester Telephone Corp said
+  it completed its acquisition of the Enterprise Telephone Co,
+  based in New Holland, Pa., in exchange for stock valued at 26.3
+  mln dlrs.
+      Enterprises serves about 16,000 access lines in Lancaster
+  County. Enterprise becomes the third operating telephone
+  subsidiary of Rochester Telephone in Pennsylvania and its sixth
+  largest overall, the company said.
+  
+
diff --git a/reuters/training/10994 b/reuters/training/10994
new file mode 100644
index 0000000000000000000000000000000000000000..13a3c43aeed9b16c8445d5d1e1e0c2a4e1a020b7
--- /dev/null
+++ b/reuters/training/10994
@@ -0,0 +1,17 @@
+CITY RESOURCES TO SELL GOLD PROPERTY STAKE
+  City Resources Ltd said it has agreed
+  in principle to sell a 50 pct interest in a group of mineral
+  properties in the southwest Pacific to a buyer it did not name
+  for 30 mln Canadian dlrs.
+      The company said a preliminary estimate of the geological
+  resources of one of the properties to a depth of 200 meters
+  indicates a potential of 1.2 mln ounces of gold, and by the
+  middle of 1987 it expects to establish proven ore reserves
+  containing at least 500,000 ounces of gold. Mining could start
+  in 1988, subject to a satisfactory feasibility study.
+      The company said completion of the transaction is subject
+  to regulatory and shareholder approvals.
+      City Resources is controlled by City Resources Ltd of
+  Australia.
+  
+
diff --git a/reuters/training/10998 b/reuters/training/10998
new file mode 100644
index 0000000000000000000000000000000000000000..042da9f8f5521711695a25416e0b8a0d69b7f3a8
--- /dev/null
+++ b/reuters/training/10998
@@ -0,0 +1,14 @@
+HOME SHOPPING <HSN> TO PURCHASE TV STATION
+  Home Shopping NEtwork Inc said
+  its Silver King Broadcasting Co INc unit entered a definitive
+  contract to buy the broadcasting assets of TV station KWVT,
+  Channel 22 in the Portland/Salem, Ore. area for undisclosed
+  terms.
+      Additionally, the company said KWVT, which serves 785,000
+  homes, began broadcasting Home Shopping Network full time this
+  morning under an affiliation agreement.
+      Home Shopping also said it entered a definitive contract to
+  buy TV Station KPST, Channel 66 in San Francisco and KLTJ,
+  Channel 49 in Dallas.
+  
+
diff --git a/reuters/training/10999 b/reuters/training/10999
new file mode 100644
index 0000000000000000000000000000000000000000..e7336cdd9269a8b6d71fa34da03729e406809180
--- /dev/null
+++ b/reuters/training/10999
@@ -0,0 +1,11 @@
+COVINGTON TECHNOLOGIES INC <COVT> YEAR NET
+  Oper shr profit eight cts vs loss 20 cts
+      Oper net profit 1,115,000 vs loss 2,729,000
+      Revs 83.0 mln vs 37.9 mln
+      Note: Current year figures exclude operating loss
+  carryforward gain of 888,000 dlrs and loss from discontinued
+  operations of 73,000 dlrs.
+      Prior year figures exclude loss from discontinued
+  operations of 3.9 mln dlrs.
+  
+
diff --git a/reuters/training/11 b/reuters/training/11
new file mode 100644
index 0000000000000000000000000000000000000000..b5071a150faceba45de0ee5dd310a8e1ce3f168a
--- /dev/null
+++ b/reuters/training/11
@@ -0,0 +1,11 @@
+COBANCO INC <CBCO> YEAR NET
+  Shr 34 cts vs 1.19 dlrs
+      Net 807,000 vs 2,858,000
+      Assets 510.2 mln vs 479.7 mln
+      Deposits 472.3 mln vs 440.3 mln
+      Loans 299.2 mln vs 327.2 mln
+      Note: 4th qtr not available. Year includes 1985
+  extraordinary gain from tax carry forward of 132,000 dlrs, or
+  five cts per shr.
+  
+
diff --git a/reuters/training/110 b/reuters/training/110
new file mode 100644
index 0000000000000000000000000000000000000000..43dd5ed1bb28d2b541713efcf57273a1a0f3dcb9
--- /dev/null
+++ b/reuters/training/110
@@ -0,0 +1,72 @@
+AMERICAN EXPRESS <AXP> SEEN IN POSSIBLE SPINNOFF
+  American Express Co remained silent on
+  market rumors it would spinoff all or part of its Shearson
+  Lehman Brothers Inc, but some analysts said the company may be
+  considering such a move because it is unhappy with the market
+  value of its stock.
+      American Express stock got a lift from the rumor, as the
+  market calculated a partially public Shearson may command a
+  good market value, thereby boosting the total value of American
+  Express. The rumor also was accompanied by talk the financial
+  services firm would split its stock and boost its dividend.
+      American Express closed on the New York Stock Exchange at
+  72-5/8, up 4-1/8 on heavy volume.
+      American Express would not comment on the rumors or its
+  stock activity.
+      Analysts said comments by the company at an analysts'
+  meeting Tuesday helped fuel the rumors as did an announcement
+  yesterday of management changes.
+      At the meeting, company officials said American Express
+  stock is undervalued and does not fully reflect the performance
+  of Shearson, according to analysts.
+      Yesterday, Shearson said it was elevating its chief
+  operating officer, Jeffery Lane, to the added position of
+  president, which had been vacant. It also created four new
+  positions for chairmen of its operating divisions.
+      Analysts speculated a partial spinoff would make most
+  sense, contrary to one variation on market rumors of a total
+  spinoff.
+      Some analysts, however, disagreed that any spinoff of
+  Shearson would be good since it is a strong profit center for
+  American Express, contributing about 20 pct of earnings last
+  year.
+      "I think it is highly unlikely that American Express is
+  going to sell shearson," said Perrin Long of Lipper Analytical.
+  He questioned what would be a better investment than "a very
+  profitable securities firm."
+      Several analysts said American Express is not in need of
+  cash, which might be the only reason to sell a part of a strong
+  asset.
+      But others believe the company could very well of
+  considered the option of spinning out part of Shearson, and one
+  rumor suggests selling about 20 pct of it in the market.
+      Larry Eckenfelder of Prudential-Bache Securities said he
+  believes American Express could have considered a partial
+  spinoff in the past.
+      "Shearson being as profitable as it is would have fetched a
+  big premium in the market place. Shearson's book value is in
+  the 1.4 mln dlr range. Shearson in the market place would
+  probably be worth three to 3.5 bilion dlrs in terms of market
+  capitalization," said Eckenfelder.
+      Some analysts said American Express could use capital since
+  it plans to expand globally.
+      "They have enormous internal growth plans that takes
+  capital. You want your stock to reflect realistic valuations to
+  enhance your ability to make all kinds of endeavors down the
+  road," said E.F. Hutton Group analyst Michael Lewis.
+      "They've outlined the fact that they're investing heavily
+  in the future, which goes heavily into the international
+  arena," said Lewis. "...That does not preclude acquisitions and
+  divestitures along the way," he said.
+      Lewis said if American Express reduced its exposure to the
+  brokerage business by selling part of shearson, its stock might
+  better reflect other assets, such as the travel related
+  services business.
+      "It could find its true water mark with a lesser exposure
+  to brokerage. The value of the other components could command a
+  higher multiple because they constitute a higher percentage of
+  the total operating earnings of the company," he said.
+       Lewis said Shearson contributed 316 mln in after-tax
+  operating earnings, up from about 200 mln dlrs in 1985.
+  
+
diff --git a/reuters/training/1100 b/reuters/training/1100
new file mode 100644
index 0000000000000000000000000000000000000000..6e14f2ae81c4c8eaf54a2a73bd30ec1ee7ad9a1d
--- /dev/null
+++ b/reuters/training/1100
@@ -0,0 +1,22 @@
+CANADA CURRENT ACCOUNT DEFICIT UP IN QUARTER
+  Canada's current account deficit widened
+  to a seasonally adjusted 2.27 billion dlrs in the fourth
+  quarter from a deficit of 1.94 billion dlrs in the third,
+  Statistics Canada said.
+      The shortfall for the full year rose to 8.81 billion dlrs
+  from 1985's 584 mln dlr deficit, the federal agency said.
+      The agency said the rise in the merchandise surplus, to
+  2.77 billion dlrs from 2.20 billion dlrs in the third quarter,
+  was more than offset by high deficits in servicies and
+  investment. The total non-merchandise deficit grew to 5.04
+  billion dlrs from 4.14 billion dlrs.
+      The current account deficit was 912 mln dlrs in the fourth
+  quarter of 1985.
+      In the capital account, not seasonally adjusted, there was
+  a total net inflow of 4.76 billion dlrs in the fourth quarter,
+  up from a net inflow of 3.22 billion dlrs in the third quarter
+  quarter.
+      The total net capital inflow rose to 13.74 billion dlrs in
+  1986 from 7.68 billion dlr in 1985.
+  
+
diff --git a/reuters/training/11000 b/reuters/training/11000
new file mode 100644
index 0000000000000000000000000000000000000000..1d6a5222cc8ee7a6ef28944d1cf2965c810ce424
--- /dev/null
+++ b/reuters/training/11000
@@ -0,0 +1,47 @@
+PARIS MEET AGREED NOT TO PUBLISH BANDS - LAWSON
+  U.K. Chancellor of the Exchequer Nigel
+  Lawson said the meeting of six major industrial nations in
+  Paris last month agreed not to publish any bands in connection
+  with their pact to stabilise currencies.
+      Questioned by a parliamentary select committee about why
+  the participating countries had not announced any bands, Lawson
+  replied, "we all agreed it would be much more sensible not to."
+  When asked whether that meant an informal joint currency float
+  with set ranges was arranged in Paris, Lawson said "I do not
+  want to reveal the precise nature of the agreement, so as not
+  to make it easy for" speculation against the accord.
+      Lawson said the Paris accord presumed that individual
+  countries would take corrective action if their currency began
+  reacting significantly to domestic macroeconomic factors.
+      But if such movements were due to extraneous factors,
+  Lawson said the other pact countries would come to its aid
+  through concerted intervention on the foreign exchanges.
+      "It is clear that both Germany and Japan are having
+  difficulty adjusting to their very large exchange rate
+  appreciations and making their economies more domestically
+  oriented, just as it is taking time for the United States to
+  make its own economy more export oriented," Lawson said.
+      In his oral evidence to Parliament's Select Treasury
+  Committee, Lawson repeated that he was happy with the pound's
+  current level, adding that "It is an objective ... To try to
+  keep it around that level."
+      He said the perception of sterling on foreign exchanges had
+  changed since the steep drop in oil prices, largely because the
+  pound had weathered that period so successfully. "There has been
+  a reassessment of sterling's fundamentals," Lawson said.  He
+  disagreed with what he termed "the grossly exaggerated claim"
+  that real U.K. Interest rates were much higher than those of
+  other major industrialsed countries.
+      Using as a reference the key three-month sterling interbank
+  rate as quoted in London, Lawson said Britain now had a real
+  interest rate level of 5.75 pct - the same as Japan did and
+  only a 0.75 percentaage point above the Group of Five average.
+      Lawson confirmed that "over the medium and longer term, the
+  government's objective is zero inflation."
+      He said the government's intention of its PSBR constant at
+  1.0 pct of GDP "is the modern equivalent of the balanced budget
+  doctrine."  He added that "to allow the debt/GDP ratio to remain
+  constant on anything other than zero inflation basis is simply
+  a recipe for accelerating inflation."
+  
+
diff --git a/reuters/training/11006 b/reuters/training/11006
new file mode 100644
index 0000000000000000000000000000000000000000..818db000e006bbac50b9fd91b48827c692acce62
--- /dev/null
+++ b/reuters/training/11006
@@ -0,0 +1,5 @@
+BASS GROUP SAYS IT HAS HAD TALKS ON SEEKING CONTROL OF TAFT BROADCASTING
+
+  BASS GROUP SAYS IT HAS HAD TALKS ON SEEKING CONTROL OF TAFT BROADCASTING
+  
+
diff --git a/reuters/training/11007 b/reuters/training/11007
new file mode 100644
index 0000000000000000000000000000000000000000..d6d191c922c38101683d999bfc2137bd3c5c5170
--- /dev/null
+++ b/reuters/training/11007
@@ -0,0 +1,42 @@
+LOWER REFINERY OPERATIONS SEEN PRODUCING PROFITS
+  U.S. refiners will have to
+  reduce operations if they want to be profitable this year, said
+  industry officials attending the National Petroleum Refiners
+  Association meeting here.
+       "If the refining sector can discipline itself to refine
+  about 12 mln barrels of crude oil a day, we have a chance to
+  pull down inventories to acceptable levels by the second
+  quarter, said Archie Dunham, executive vice president of
+  petroluem products at Conoco Inc
+      "If not, the industry will have a tough 1987," he added.
+       Last week's American Petroleum Institute report said that
+  U.S. refining capacity rose three pct to 78.7 pct of capacity,
+  with crude oil runs at 12.2 mln barrels per day for the week
+  ended March 20.
+       The API said that with the higher crude oil runs, 
+  distillate and gasoline inventories were sharply above year-ago
+  levels. Gasoline stocks were at 245.6 mln barrels, some 17.2
+  mln barrels above year-ago levels. Distillate stocks, at 108.7
+  mln barrels, are 10.9 mln barrels above last year's level, the
+  API said.
+       Henry Rosenberg, chairman of Crown Central Petroleum Corp
+  <CNP> told Reuters that unless refining and marketing return to
+  profitability, oil companies will have to rely on downstream
+  operations to produce an acceptable level of earnings.
+       "The jump in refining capacity is a concern if it
+  continues," said Kenneth Buckler, executive vice president of
+  refining and marketing at <Total Petroleum Co>, a U.S.
+  subsidiary of Cie Francaise Des Petroles of France.
+       Refineries should operate near 75 pct of capacity given
+  the current level of demand but the operating level should
+  increase as gasoline demand picks up in the next quarter,
+  Buckler said.
+       Dunham said the potential operable capacity of U.S.
+  refineries should also be cut about 500,000 barrels of crude
+  per day. "I expect to see the shutdown of more small refineries
+  over the next five years," he said, adding that these
+  facilities refine between 10,000 and 30,000 barrels of crude
+  oil per day. The API said U.S. operations have the capacity to
+  refine 15.6 mln bpd of crude.
+  
+
diff --git a/reuters/training/1101 b/reuters/training/1101
new file mode 100644
index 0000000000000000000000000000000000000000..595eaf45eac9a6c1cbf02580d85726d4ae442f59
--- /dev/null
+++ b/reuters/training/1101
@@ -0,0 +1,15 @@
+HOME FEDERAL OF THE ROCKIES <HROK> 4TH QTR LOSS
+  Shr loss 2.07 dlrs vs profit 36 cts
+      Net loss 1,088,000 vs profit 187,000
+      Year
+      Shr loss 12.23 dlrs vs profit 17 cts
+      Net loss 645,000 vs profit 89,000
+      NOTE: Home Federal Savings and Loan Association of the
+  Rockies.
+      1986 net includes tax credits of 165,000 dlrs in quarter
+  and 189,000 dlrs in year.
+      Net includes pretax loan loss provisions of 1,439,000 dlrs
+  vs 127,000 dlrs in quarter and 1,701,000 dlrs vs 222,000 dlrs
+  in year.
+  
+
diff --git a/reuters/training/11012 b/reuters/training/11012
new file mode 100644
index 0000000000000000000000000000000000000000..aaa9ea851354d8318633d52c5b93e38558973b73
--- /dev/null
+++ b/reuters/training/11012
@@ -0,0 +1,5 @@
+U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS  SOYBEANS 17,683 WHEAT 20,717 CORN 36,581
+
+  U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS  SOYBEANS 17,683 WHEAT 20,717 CORN 36,581
+  
+
diff --git a/reuters/training/11015 b/reuters/training/11015
new file mode 100644
index 0000000000000000000000000000000000000000..601d03c749e72123368a63e35e48b9407bc7a973
--- /dev/null
+++ b/reuters/training/11015
@@ -0,0 +1,14 @@
+NEWMONT MINING <NEM> PLANS 2-FOR-1 STOCK SPLIT
+  Newmont Mining Corp's board has
+  proposed a two-for-one stock split subject to shareholder
+  approval of an increase to 120 mln from 60 mln in authorized
+  common shares, the proxy for the company's annual meeting said.
+      If holdings voting at the May six meeting in Wilmington,
+  Del., approve the increase in authorized shares the split will
+  be paid in the form of a stock dividend on June 10 to holders
+  of record May 20, the proxy said.
+      Newmont said it will also ask shareholders to approve
+  amendments to its certificate of incorporation limiting certain
+  liabilities of its directors.
+  
+
diff --git a/reuters/training/11018 b/reuters/training/11018
new file mode 100644
index 0000000000000000000000000000000000000000..528cc7ab4508cb0ecf6d398db2494009622426ae
--- /dev/null
+++ b/reuters/training/11018
@@ -0,0 +1,8 @@
+DENPAC CORP <DNPC> YEAR LOSS
+  Shr loss one ct vs loss one ct
+      Net loss 483,518 vs loss 220,582
+      Sales 381,841 vs 400,518
+      NOTE: 1985 net includes 196,868 dlr gain from forgiveness o
+  accrued interest due to affiliates.
+  
+
diff --git a/reuters/training/11019 b/reuters/training/11019
new file mode 100644
index 0000000000000000000000000000000000000000..8bf29b465aa59732debaf130fa9f3d8618f59b9a
--- /dev/null
+++ b/reuters/training/11019
@@ -0,0 +1,10 @@
+<AIN LEASING CORP> 3RD QTR JAN 31 LOSS
+  Shr loss six cts vs profit 22 cts
+      Net loss 133,119 vs profit 496,391
+      Revs 136,918 vs 737,917
+      Nine mths
+      Shr loss 21 cts vs profit 15 cts
+      Net loss 478,991 vs profit 340,210
+      Revs 324,011 vs 841,908
+  
+
diff --git a/reuters/training/1102 b/reuters/training/1102
new file mode 100644
index 0000000000000000000000000000000000000000..8666154b69b815f5ab702bdbb6fb17828e0290c5
--- /dev/null
+++ b/reuters/training/1102
@@ -0,0 +1,11 @@
+CANADA DECEMBER GDP GAINS 1.2 PCT
+  Canada's gross domestic product, by
+  industry, rose a seasonally adjusted 1.2 pct in December, the
+  largest monthly gain since April, 1986, Statistics Canada said.
+      GDP, which fell 0.2 pct in November, was 2.1 pct above the
+  December, 1985 level, the federal agency said.
+      Output of goods producing industries rose 1.6 pct in the
+  month, with virtually all the growth occurring in manufacturing
+  and mining. Services producing industries expanded 1.0 pct.
+  
+
diff --git a/reuters/training/11025 b/reuters/training/11025
new file mode 100644
index 0000000000000000000000000000000000000000..d247321ac8da60f2b19cd8e9bb13fc438ea7acc0
--- /dev/null
+++ b/reuters/training/11025
@@ -0,0 +1,26 @@
+VENEZUELA WANTS TO BOOST ITS REFINING CAPACITY
+  Venezuela's state oil
+  company Petroleos de Venezuela S.A. wants to raise its
+  worldwide refining capacity by 150,000 barrels of per day, a
+  company official attending the National Petroleum Refiners
+  Association meeting here said.
+      He declined to be identified but said PdVSA has the
+  capacity to refine about 650,000 bpd of crude oil from refining
+  centers
+  in Venezuela, Sweden, West Germany, Belgium, and the United
+  States. The company recently purchased a 50 pct stake in the
+  Corpus Christi, Texas refinery of Champlin Petroleum Co, a
+  subsidiary of Union Pacific Corp <UNP>.
+      Earlier it bought a similar stake in the Lake Charles, La
+  refinery owned by Citgo Petroleum Corp, a unit of Southland
+  Corp <SLC>.
+       According to the official, Venezuela is searching
+  worldwide for the additional refining capacity but he did not
+  mention where the company was looking. 
+      Refineries abroad, he said, guarantee a refining outlet for
+  Venezuelan crude oil while ensuring stability of supply to
+  refiners.
+      He said Venezuela currently  produces about 1.4 mln bpd of
+  crude oil, which is in line with its 1.495 bpd OPEC ceiling.
+  
+
diff --git a/reuters/training/11027 b/reuters/training/11027
new file mode 100644
index 0000000000000000000000000000000000000000..ba1e5a44637f3d55c2704728966925149ee6cc1e
--- /dev/null
+++ b/reuters/training/11027
@@ -0,0 +1,6 @@
+PRIMEBANK <PMBK> SETS 10 PCT STOCK DIVIDEND
+  PrimeBank Federal Savings
+  Bank said its board declared a 10 pct stock dividend to be
+  distributed about April 15 to holders or record March 31.
+  
+
diff --git a/reuters/training/11028 b/reuters/training/11028
new file mode 100644
index 0000000000000000000000000000000000000000..8053e8159bfdd19add8244e843452fd3d193c6da
--- /dev/null
+++ b/reuters/training/11028
@@ -0,0 +1,13 @@
+AMERICAN LOCKER GROUP INC <ALGI> 4TH QTR NET
+  Shr profit 23 cts vs loss six cts
+      Net profit 319,564 vs loss 84,203
+      Sales 6,419,230 vs 5,583,560
+      Year
+      Shr profit 1.11 dlrs vs profit 43 cts
+      Net profit 1,582,125 vs profit 654,083
+      Sales 26.2 mln vs 22.6 mln
+      NOTE: Full year 1985 includes gains of two cts per share
+  from discontinued operations and four cts per share from
+  disposal of assets.
+  
+
diff --git a/reuters/training/11029 b/reuters/training/11029
new file mode 100644
index 0000000000000000000000000000000000000000..7efc9827094c65e60ed86a0ccc95523f0e7e528e
--- /dev/null
+++ b/reuters/training/11029
@@ -0,0 +1,33 @@
+BASS GROUP SAYS IT HAS HAD TALKS ON TAFT <TFB>
+  A group led by members of the
+  wealthy Bass family of Fort Worth, Texas, which holds a 24.9
+  pct stake in Taft Broadcasting Co, said it has had talks about
+  taking part in a move to take control of the company.
+      In a filing with the Securities and Exchange Commission,
+  the group said it has had discussions with other Taft
+  stockholders and some company managers and directors
+  "concerning participation in a group to acquire control" of the
+  company.
+      The Bass group, which did not identify any of the other
+  people with whom it said it has had talks, said it plans to
+  continue evaluating Taft and "will be involved in further
+  discussions relating to the future control and direction" of
+  the company.
+      The group, which holds 2,291,210 Taft common shares, said
+  its members may buy more shares of Taft common stock, or may
+  decide to sell some or all of its stake.
+      On Friday Taft said it would negotiate with a group led by
+  its vice chairman, Dudley Taft, and a Rhode Island investment
+  firm, which had offered 150 dlrs a share for the company.
+      The Dudley Taft group, Theta Corp, which also includes
+  Narragansett Capital Corp, a Providence, R.I., investment firm,
+  is seeking to take the company private in a leveraged buyout
+  valued at 1.38 billion dlrs.
+      Besides the Bass group, another major Taft shareholder,
+  Cincinnati, Ohio, financier Carl Lindner, has also said he has
+  had talks about increasing his stake in the company, taking
+  part in a takeover effort, or launching one himself.
+      Lindner controls 1,489,298 shares of Taft common stock, or
+  16.2 pct of the total.
+  
+
diff --git a/reuters/training/1103 b/reuters/training/1103
new file mode 100644
index 0000000000000000000000000000000000000000..73fc431e2fbe5aa0b83c974654ff751d56435539
--- /dev/null
+++ b/reuters/training/1103
@@ -0,0 +1,22 @@
+SAATCHI AND SAATCHI BUYS CLEVELAND CONSULTING
+  Advertising agents Saatchi and Saatchi Co
+  Plc <SACHY> said it was buying <Cleveland Consulting Associates
+  Inc> for an initial consideration of 2.0 mln dlrs.
+      Additional payments may be made annually through the year
+  ending March 31, 1991 to bring the total consideration up to
+  9.5 pct of Cleveland's average post-tax profits in the last two
+  years of the period.
+      The purchase of Cleveland is a further step in Saatchi and
+  Saatchi's fast growing consulting industry, the company said.
+  It said its consulting operations now provide a platform for
+  major future expansion.
+      For the 12 months ended 31 March 1986, Cleveland had
+  479,000 dlrs in pretax profits and forecasts one mln for 1987.
+      At the Saatchi and Saatchi annual meeting today, the
+  company reported a particularly strong start to the current
+  year, with profits sharply higher than the same period last
+  year.
+      Saatchi and Saatchi shares rose one pence on the Cleveland
+  announcement to 885p after yesterday's 870p close.
+  
+
diff --git a/reuters/training/11030 b/reuters/training/11030
new file mode 100644
index 0000000000000000000000000000000000000000..5b2edeeca18ea01d1c7b91067ad3166bbd38f1e3
--- /dev/null
+++ b/reuters/training/11030
@@ -0,0 +1,13 @@
+U.S. STEEL PRODUCTION ROSE 1.3 PCT IN WEEK
+  Steel production rose
+  1.3 pct to 1,696,000 short tons in the
+  week ended March 28 from 1,675,000 short
+  tons, the American Iron and Steel Institute
+  reported
+     Production so far this year was 18,810,000 tons adjusted off
+  14.6 pct from 22,016,000 tons
+  produced by the nations mills a year ago.
+      Utilization for the week of March 28 was   78.7 pct and for
+  the week of March 21 was      was 77.8 pct.      
+  
+
diff --git a/reuters/training/11031 b/reuters/training/11031
new file mode 100644
index 0000000000000000000000000000000000000000..f95f07129f6973a8226de684c31d710782bbec2c
--- /dev/null
+++ b/reuters/training/11031
@@ -0,0 +1,21 @@
+NORTH AMERICAN GROUP <NAMG> 4TH QTR OPER LOSS
+  Oper shr loss 12 cts vs loss 10 cts
+      Oper net loss 474,270 vs loss 369,848
+      Revs 202,500 vs 111,210
+      Avg shrs 3,904,373 vs 3,495,579
+      Year
+      Oper shr loss 28 cts vs loss 46 cts
+      Oper net loss 1,069,550 vs loss 893,612
+      Revs 408,031 vs 438,933
+      Avg shrs 3,785,607 vs 1,944,627
+      NOTE: Full name is North American Group Ltd
+      Earnings exclude losses on reorganization expenses of
+  33,453 dlrs, or one ct a share vs 59,520 dlrs, or two cts a sh
+  are in the quarter and losses of 237,859 dlrs, or six cts a
+  share vs 413,444 dlrs, or 21 cts a share for the year
+      Earnings exclude gains on discontinued operations of
+  147,671, or four cts a share in the 1985 quarter and gains of
+  760,603 dlrs, or 20 cts a share vs 520,200 dlrs, or 27 cts a
+  share for the year
+  
+
diff --git a/reuters/training/11034 b/reuters/training/11034
new file mode 100644
index 0000000000000000000000000000000000000000..e3ff7597481c76f556efb5d28937169c81d50553
--- /dev/null
+++ b/reuters/training/11034
@@ -0,0 +1,11 @@
+<OXOCO INC> YEAR LOSS
+  Oper shr loss 6.68 dlrs vs loss 9.95 dlrs
+      Oper net loss 53.9 mln vs loss 69.8 mln
+      Revs 16.5 mln vs 33.2 mln
+      Avg shrs 8,329,492 vs 7,271,668
+      NOTE: 1986 excludes loss 12.9 mln for discontinued
+  compressor operations vs loss 14.9 mln year prior.
+      1986 excludes gain of 98.7 mln for extinguishment of debt
+  from company's chapter 11 filing and subsequent reorganization.
+  
+
diff --git a/reuters/training/11035 b/reuters/training/11035
new file mode 100644
index 0000000000000000000000000000000000000000..f7a98b4f6ef0701374f1d31d149047c6ca848b15
--- /dev/null
+++ b/reuters/training/11035
@@ -0,0 +1,14 @@
+TEECO PROPERTIES L.P. OPER INCOME DOWN
+  <Teeco Properties L.P.> said the
+  partnership recorded income from operations for 1986 of 140,000
+  dlrs, or two cts a unit.
+      The partnerhsip said this compared to 1985 figures of
+  660,000 dlrs, or 10 cts a unit.
+      Results of operations between both years is not comparable
+  since the partnership's principle objective is to sell or
+  dispose of its assets and distribute proceeds to unit holders,
+  according to the partnership.
+      It said the number of units outstanding for both years is
+  6,479,516.
+  
+
diff --git a/reuters/training/11036 b/reuters/training/11036
new file mode 100644
index 0000000000000000000000000000000000000000..0a93ca2945fc7ac60493b76b584c9be730541aa6
--- /dev/null
+++ b/reuters/training/11036
@@ -0,0 +1,8 @@
+BROUGHER INSURANCE GROUP INC<BIGI> 4TH QTR LOSS
+  Shr loss nine cts vs profit 20 cts
+      Net loss 257,157 vs profit 414,890
+      Year
+      Shr profit 54 cts vs profit 1.05 dlrs
+      Net profit 1,295,104 vs profit 2,140,673
+  
+
diff --git a/reuters/training/11039 b/reuters/training/11039
new file mode 100644
index 0000000000000000000000000000000000000000..2c1178c08153e7c9aaf518a7eeffc9bd30b26a44
--- /dev/null
+++ b/reuters/training/11039
@@ -0,0 +1,13 @@
+CSC INDUSTRIES UNIT TO INCREASE PRICES
+  Copperweld Steel Co <CPSL>, a
+  subsidiary of CSC Industries Inc., said it will increase from
+  market price levels its bar, semi-finished and leaded products
+  effective July One.
+      Hot rolled and cold finished bar wil be increase 25 dlrs
+  per net ton, while semi-finished products will be increased 15
+  dlrs per net ton, the company said.
+      Anticipated higher energy and raw material costs, combined
+  with current market trends, were cited by the company as
+  reasons for the increases.
+  
+
diff --git a/reuters/training/1104 b/reuters/training/1104
new file mode 100644
index 0000000000000000000000000000000000000000..d12fdb17665298cb41e51a1a84cbefdd01522498
--- /dev/null
+++ b/reuters/training/1104
@@ -0,0 +1,13 @@
+UNILEVER'S <UN> CHESEBROUGH OFFERS TO SELL BASS
+  Chesebrough-Pond's Inc, recently
+  acquired by a unit of Unilever N.V., said it is offering to
+  sell its Bass shoe division, as a result of an
+  ongoing evaluation of the long-term direction of its
+  businesses.
+      The diversified maker of health and beauty aids, said it
+  acquired Falmouth, Maine-based G.H. Bass and Co in 1978, when
+  the company reported annual sales of 59 mln dlrs. Bass is known
+  for its high-quality casual shoes.
+      Chesebrough said Bass's 1986 sales exceeded 170 mln dlrs.
+  
+
diff --git a/reuters/training/11040 b/reuters/training/11040
new file mode 100644
index 0000000000000000000000000000000000000000..00faa188a233d7bcb1b184420f0d90f8b0f95e0d
--- /dev/null
+++ b/reuters/training/11040
@@ -0,0 +1,14 @@
+USDA TO UPDATE WINTER WHEAT ACREAGE TOMORROW
+  The U.S. Agriculture Department said
+  it will update its estimate of winter wheat seeded acreage in
+  the prospective planting report, scheduled for release at 1500
+  est (2100 gmt) tomorrow, March 31.
+      The original estimate of seedings of winter wheat was
+  published in January.
+      It said the new survey is possible because of the new
+  integrated nationwide survey program that uses probability
+  sampling procedures that combine information from farmers
+  operating in selected areas and farmers identified on special
+  lists.
+  
+
diff --git a/reuters/training/11041 b/reuters/training/11041
new file mode 100644
index 0000000000000000000000000000000000000000..0d52b524e61a1d748ab4090fac6c8623d9119c51
--- /dev/null
+++ b/reuters/training/11041
@@ -0,0 +1,15 @@
+SANTA FE <SFX> AWARE OF HENLEY <HENG> STAKE
+  Santa Fe Southern Pacific Corp said it
+  has discussed with Henley Group that company's almost five pct
+  stake and was told the holdings are for investment purposes.
+      "We have confirmed with the Henley Group that they own
+  approximately 7.9 mln shares of Santa Fe Southern Pacific
+  common stock. They have informed me that they like our company
+  and purchased the stock last year for investment purposes,"
+  Santa Fe chairman John Schmidt said in a statement.
+      Henley late Friday filed a 10-K report with the Securities
+  and Exchange Commission concerning the Santa Fe stake.
+      Earlier Santa Fe's stock was up 4-7/8 to 41 before slipping
+  to be up 1-7/8 at 38.
+  
+
diff --git a/reuters/training/11043 b/reuters/training/11043
new file mode 100644
index 0000000000000000000000000000000000000000..a18ad9efba3811119e54ee07c82d247a15383bc7
--- /dev/null
+++ b/reuters/training/11043
@@ -0,0 +1,16 @@
+U.S. SUGAR IMPORTS DOWN IN LATEST WEEK - USDA
+  Sugar imports subject to the U.S.
+  sugar import quota during the week ended March 6 totaled 25,192
+  short tons versus 29,043 tons the previous week, the
+  Agriculture Department said.
+      Cumulative imports now total 130,804 tons, it said.
+      The sugar import quota for the 1987 quota year
+  (January-December) has been set at 1,001,430 short tons
+  compared with 1,850,000 tons in the 1986 quota year, which was
+  extended three months to December 31.
+      The department said the Customs Service reported that
+  weekly and cumulative imports are reported on an actual weight
+  basis and when final polarizations are received, cumulative
+  import data are adjusted accordingly.
+  
+
diff --git a/reuters/training/11046 b/reuters/training/11046
new file mode 100644
index 0000000000000000000000000000000000000000..0ca9859f39e77d64f4ea755c24fd37cccf02356e
--- /dev/null
+++ b/reuters/training/11046
@@ -0,0 +1,12 @@
+TEMPLETON ENERGY INC <TMPL> 4TH QTR NET
+  Shr profit four cts vs loss six cts
+      Net profit 967,000 vs loss 1,219,000
+      Revs 10.1 mln vs 4.5 mln
+      Year
+      Shr profit three cts vs loss five cts
+      Net profit 688,000 vs 982,000
+      Revs 24.6 mln vs 16.3 mln
+      NOTE: 1986 includes results of Louisiana Energy and
+  Development Corp acquired in November 1986.
+  
+
diff --git a/reuters/training/11047 b/reuters/training/11047
new file mode 100644
index 0000000000000000000000000000000000000000..04f92963b661424286a037ec5b1efc615595835c
--- /dev/null
+++ b/reuters/training/11047
@@ -0,0 +1,12 @@
+AEL INDUSTRIES <AELNA> 4TH QTR FEB 27 NET
+  Shr 66 cts vs 33 cts
+      Net 2,955,000 vs 1,563,000
+      Revs 26.1 mln vs 23.9 mln
+      12 mths
+      Shr 74 cts vs 1.01 dlrs
+      Net 3,321,000 vs 4,739,000
+      Revs 108.4 mln vs 104.9 mln
+      NOTE: year 1987 includes charge of 818,000 dlrs, or 18 cts
+  per share, for sale of Elisra Electronic Systems Ltd.
+  
+
diff --git a/reuters/training/11048 b/reuters/training/11048
new file mode 100644
index 0000000000000000000000000000000000000000..baf0d2eb46dc476f9d54e0f58f517e9eaab3fc0d
--- /dev/null
+++ b/reuters/training/11048
@@ -0,0 +1,12 @@
+AMOSKEAG <AMKG> TAKEOVER BLOCKED BY COURT
+  Amoskeag Bank Shares Inc said
+  the New Hampshire Supreme Court overturned its proposed
+  acquisition of Portsmouth Savings Bank in a three-two vote.
+      The acquisition had been opposed by some depositors, who
+  filed an action to block the takeover.
+      "We will respond to this news as soon as we have had an
+  opportunity to analyze the decision, and any and all options
+  available to us," chairman William Bushnell said in a
+  statement.
+  
+
diff --git a/reuters/training/11049 b/reuters/training/11049
new file mode 100644
index 0000000000000000000000000000000000000000..59f44fbd016b8b99549ea4619e0a45d4d5fd079d
--- /dev/null
+++ b/reuters/training/11049
@@ -0,0 +1,15 @@
+METROMAIL <MTMA> PREDICTS FLAT EARNINGS
+  Metromail Corp said it expects
+  flat operating profits for its 1987 fiscal year ending May 31
+  with last fiscal year's earnings from operations of 9,943,000
+  dlrs, or 1.05 dlrs a share.
+      The company said the flat results will be due to higher
+  than normal expenditures during the fourth quarter for
+  expansion of its data processing capabilities.
+      Earlier, Metromail reported fiscal 1987 third quarter
+  earnings of 2.4 mln dlrs, or 25 cts a share, versus three mln
+  dlrs, or 32 cts a share, the prior third quarter, and nine
+  months net of 7.2 mln dlrs, or 76 cts a share, versus 7.8 mln
+  dlrs, or 82 cts a share the prior nine months.
+  
+
diff --git a/reuters/training/1105 b/reuters/training/1105
new file mode 100644
index 0000000000000000000000000000000000000000..d07bdbd00acaad116998fee5dbcca35aa9f242ed
--- /dev/null
+++ b/reuters/training/1105
@@ -0,0 +1,17 @@
+CONTINENTAL <GIC> SEES 1987 NET UP FROM TAX LAW
+  Continental Corp said the fresh start
+  provision of the Tax Reform Act of 1986 may add 1.30 to 1.60 to
+  1987 earnings per share.
+      The insurance holding company had net earnings of 449.6 mln
+  dlrs, or, or 7.42 per share, in 1986.
+      John Loynes, Continental chief financial officer, said the
+  fresh start provision allowed the company to discount opening
+  tax reserves to January 1, 1987, which released deferred taxes
+  into earnings.
+      Loynes said the provision's potential benefit would decline
+  gradually over the next four years, during which time
+  Continental will pay 250 mln to 350 mln dlrs more in taxes.
+      Loynes added, however, the higher taxes are not expecetd to
+  have a significant impact on earnings.
+  
+
diff --git a/reuters/training/11051 b/reuters/training/11051
new file mode 100644
index 0000000000000000000000000000000000000000..dfe3c9991b43c0d2e0bc276afb36d5f7718c7088
--- /dev/null
+++ b/reuters/training/11051
@@ -0,0 +1,10 @@
+BALL <BLL> ENDS TALKS WITH MONSANTO <MTC>
+  Ball Corp said it was unable to
+  complete negotiations to acquire the plastic container business
+  of Monsanto Co.
+      It said the two companies had entered into exclusive
+  negotiations last October.
+      Neither company provided details on why the talks were
+  terminated.
+  
+
diff --git a/reuters/training/11052 b/reuters/training/11052
new file mode 100644
index 0000000000000000000000000000000000000000..e24d8917ea9f4f35a6e7bd2e6bb896532998a882
--- /dev/null
+++ b/reuters/training/11052
@@ -0,0 +1,6 @@
+JAPAN BUYS CANADIAN RAPESEED
+  Japanese crushers bought 2,000 tonnes
+  of Canadian rapeseed in export business overnight for May
+  shipment, trade sources said.
+  
+
diff --git a/reuters/training/11056 b/reuters/training/11056
new file mode 100644
index 0000000000000000000000000000000000000000..d17b1fa6506cfdfd6f35e6fd95e72c12b358c055
--- /dev/null
+++ b/reuters/training/11056
@@ -0,0 +1,13 @@
+REEF ENERGY <RFEN> ENTERS PIPELINE AGREEMENT
+  Reef Energy Corp said its
+  board entered into agreements with Penteco Corp, a private
+  Tulsa-based company, to buy a 12-pct interest in the general
+  partnership of Penteco East Central Pipeline and a 10-pct
+  interest in Lincoln Gas and Marketing Corp.
+      Penteco East is a gas gathering and transmission system in
+  southern Kansas and northern Oklahoma.
+      It said Penteco in turn has purchased one mln shares of
+  Reef common and taken options for the purchase of another two
+  mln shares over the next 36 months.
+  
+
diff --git a/reuters/training/11057 b/reuters/training/11057
new file mode 100644
index 0000000000000000000000000000000000000000..dab284e988092f594f1e1d45baa9d3d64b1a3136
--- /dev/null
+++ b/reuters/training/11057
@@ -0,0 +1,6 @@
+AMERON INC <AMN> QTLY DIVIDEND
+  Shr 24 cts vs 24 cts prior qtr
+      Pay May 15
+      Record April 24
+  
+
diff --git a/reuters/training/11058 b/reuters/training/11058
new file mode 100644
index 0000000000000000000000000000000000000000..10eace0f43698b81d023c272afe53cfaddaae38f
--- /dev/null
+++ b/reuters/training/11058
@@ -0,0 +1,12 @@
+JOHNSON ELECTRONICS INC <JHSN> 4TH QTR LOSS
+  Shr loss three cts vs profit eight cts
+      Net loss 35,000 vs profit 128,000
+      Revs 1,133,000 vs 1,528,000
+      Year
+      Shr profit four cts vs profit 21 cts
+      Net profit 72,000 vs profit 339,000
+      Revs 4,837,000 vs 4,500,000
+      NOTE: 1985 net income included an after tax gain of 195,000
+  or 12 cts per share on sale of real property.
+  
+
diff --git a/reuters/training/11059 b/reuters/training/11059
new file mode 100644
index 0000000000000000000000000000000000000000..eb4e2a1623e6e6081d41a2067996a0f26f3d949b
--- /dev/null
+++ b/reuters/training/11059
@@ -0,0 +1,13 @@
+TREASURY BALANCES AT FED FELL ON MARCH 27
+  Treasury balances at the Federal
+  Reserve fell on March 27 to 2.424 billion dlrs from 2.508
+  billion dlrs on the previous business day, the Treasury said in
+  its latest budget statement.
+      Balances in tax and loan note accounts fell to 9.706
+  billion dlrs from 10.786 billion dlrs on the same respective
+  days.
+      The Treasury's operating cash balance totaled 12.131
+  billion dlrs on March 27 compared with 13.283 billion dlrs on
+  March 26.
+  
+
diff --git a/reuters/training/11060 b/reuters/training/11060
new file mode 100644
index 0000000000000000000000000000000000000000..b8550f91fad99c55d30b08e7811524944fcffa24
--- /dev/null
+++ b/reuters/training/11060
@@ -0,0 +1,14 @@
+MORRISON INC <MORR> 3RD QTR FEB 28 NET
+  Shr 35 cts vs 29 cts
+      Qtly div 12 cts vs 12 cts prior qtr
+      Net 5,036,000 vs 4,165,000
+      Revs 147.6 mln vs 132.4 mln
+      Nine mths
+      Shr 1.12 dlrs vs one dlr
+      Net 16.1 mln vs 14.4 mln
+      Revs 433.4 mln vs 385 mln
+      NOTE: Per share data reflect March 1986 five pct stock
+  distribution. Cash dividend is payable April 30 to holders of
+  record April 15.
+  
+
diff --git a/reuters/training/11063 b/reuters/training/11063
new file mode 100644
index 0000000000000000000000000000000000000000..4d7e155da453536409fb9102cd990241ca111972
--- /dev/null
+++ b/reuters/training/11063
@@ -0,0 +1,14 @@
+VANDERBILT <VAGO> TO RAISE COMMON, MERGE
+  Vanderbilt Gold Corp said
+  shareholders at a special meeting approved its reincorporation
+  in Delaware, an increase in authorized common to 25 mln shares
+  from 12 mln shares, and a non-qualified stock option plan.
+      It also said shareholders approved the merger of Morning
+  Star Mine interests held by six corporations in exchange for
+  issuing 2,098,602 shares of its common. It said the acquisition
+  brings its ownership in Morning to over 94 pct and it intends
+  to acquire the remaining interests before mid year.
+      It said its plans call for 1987 production of 30,000 ounces
+  of gold with product costs per ounce at about 200 dlrs.
+  
+
diff --git a/reuters/training/11064 b/reuters/training/11064
new file mode 100644
index 0000000000000000000000000000000000000000..84ed8a2a26fd0e7842f676b5e4affd39862ae966
--- /dev/null
+++ b/reuters/training/11064
@@ -0,0 +1,23 @@
+LITTLE RISK SEEN FOR TEXAS COTTON FROM COLD
+  Texas' cotton crop stands little
+  chance of damage from frigid temperatures expected tonight in
+  that state, as very little cotton has been planted, according
+  to Texas agricultural sources and cotton market analysts.
+      "It's still pretty early for cotton planting. Only six pct
+  of the crop was planted as of last week," said Doug Stillmann,
+  a statistician at the Texas Agricultural Statistic Service in
+  Austin, a division of the U.S. Agriculture Department.
+      Stillmann and other cotton market sources said planting had
+  begun in the Rio Grande Valley and South Texas areas only, with
+  planting in the crucial high and low plains areas not slated to
+  begin until next month. The high and low plains accounted for
+  60 pct of the 2.5 mln bales produced in Texas last year,
+  Stillmann said.
+      Temperatures tonight in most of Texas are expected to drop
+  to freezing to the low 20s, although the lower Rio Grande
+  Valley may see more moderate readings in the middle 30s,
+  according to meteorologists at Accu-Weather Inc.
+      The price of new-crop cotton on the New York cotton futures
+  market rallied today on weather-related fears.
+  
+
diff --git a/reuters/training/11065 b/reuters/training/11065
new file mode 100644
index 0000000000000000000000000000000000000000..cf16c4b4fa99fb9eaca0582ea47dd3b22d9200ed
--- /dev/null
+++ b/reuters/training/11065
@@ -0,0 +1,9 @@
+REPORT ON EXPORT MARKETS FOR U.S. GRAIN DELAYED
+  The U.S. Agriculture Department's
+  report on Export Markets for U.S. Grain, scheudled for release
+  today, has been delayed until Wednesday, April 1, a department
+  spokeswoman said.
+      No reason was given for the delay in releasing the monthly
+  report.
+  
+
diff --git a/reuters/training/11066 b/reuters/training/11066
new file mode 100644
index 0000000000000000000000000000000000000000..b4cf90e1e323e80e6ad5b55e3ada35f1c65c2e35
--- /dev/null
+++ b/reuters/training/11066
@@ -0,0 +1,5 @@
+BILZERIAN TELLS SEC HE UPS PAY 'N PAK STAKE TO 9.9 PCT
+
+  BILZERIAN TELLS SEC HE UPS PAY 'N PAK STAKE TO 9.9 PCT
+  
+
diff --git a/reuters/training/11070 b/reuters/training/11070
new file mode 100644
index 0000000000000000000000000000000000000000..12f6bc8bd2a5fd0e788300f514b349e86ab0ee96
--- /dev/null
+++ b/reuters/training/11070
@@ -0,0 +1,13 @@
+ROYAL DUTCH <RD> UNIT RAISES HEAVY FUEL PRICES
+  Scallop Petroleum Corp, a subsidiary
+  of Royal Dutch/Shell group, said today it raised contract
+  prices for heavy fuel 25 cts to 1.75 dlrs a barrel, effective
+  today.
+      The increase brings the price for 0.3 pct sulphur to 22.50
+  dlrs, up 1.75, 0.5 pct sulphur to 21.50 dlrs, up 1.50, 0.7 pct
+  sulphur to 20.25 dlrs, up 75 cts, one pct sulphur to 19.50
+  dlrs, up 25 cts, two pct sulphur to 18.75 dlrs, up 75 cts, 2.2
+  pct sulphur to 18.50 dlrs, up 75 cts, 2.8 pct sulphur to 18.00
+  dlrs, up 75 cts.
+  
+
diff --git a/reuters/training/11071 b/reuters/training/11071
new file mode 100644
index 0000000000000000000000000000000000000000..56fe8e5da70a21cce5089b301cd621df29d6e26d
--- /dev/null
+++ b/reuters/training/11071
@@ -0,0 +1,17 @@
+FLORIDA WEEKLY CROP REPORT
+  Florida's citrus groves continue
+  in very good condition, acccording to the latest report by the
+  U.S. Department of Agriculture's Florida Agricultural
+  Statistics Service. Late-week rains and thunderstorms came at
+  an opportune time. Warm daytime temperatures and good soil
+  moisture have produced an abundance of new growth and bloom.
+      Most trees are in some stage of bloom development with
+  petal drop already taking place in many south Florida groves.
+      Harvest of late-type valencia oranges is increasing rapidly
+  with the near completion of the early and midseason varieties.
+  Rain during the week caused some delay in picking.
+      For the week ended March 29, there were an estimated 77,000
+  boxes of early and midseason and 945,000 boxes of late season
+  oranges harvested, the USDA said.
+  
+
diff --git a/reuters/training/11074 b/reuters/training/11074
new file mode 100644
index 0000000000000000000000000000000000000000..eb8ef333c45bc3298ce956b7a798c9a2208d94bb
--- /dev/null
+++ b/reuters/training/11074
@@ -0,0 +1,44 @@
+BASS GROUP EMERGES AS POSSIBLE TAFT<TFB> BIDDERS
+  The Bass Group, once thought by
+  analysts to be eager to sell its holdings in Taft Broadcasting
+  Co, emerged as another potential bidder for the Ohio
+  broadcasting company.
+      The Bass Group, which holds 24.9 pct of Taft, said it had
+  talked with other taft stockholders and some company managers
+  and directors "concerning participation in a group to acquire
+  control" of the company.
+      The Bass group said it had talks with other Taft
+  stockholders and members of Taft management about participating
+  in a group to acquire control. The group, which is led by the
+  wealthy bass brothers of Fort Worth, Texas, did not identify
+  any of the other people with whom it had talks.
+      Taft said Friday it would negotiate with its vice Chairman
+  Dudley Taft on his group's 150 dlr per share or 1.38 billion
+  dlr offer for the company.
+      At the time, the company said it authorized its adviser,
+  Goldman, Sachs and Co, to explore other takeover proposals and
+  to supply financial data to other interested bidders.
+      "If indeed, the reason Dudley Taft is no longer president
+  is because the bass group tossed him out, I couldn't see them
+  backing him on any deal," said one analyst, who asked not to be
+  identified.
+      "I think they wanted a way out. Now, this sounds like
+  they're going to join the group and buy themselves out," said
+  Edward Atorino, media analyst with Smith Barney, Harris Upham
+  and Co.
+      Analysts have speculated that Carl Lindner may be
+  interested in acquiring the company. they speculated he may be
+  one of the shareholders in talks with the bass group.
+      Lindner, chairman of American Financial Corp, holds 16.2
+  pct of Taft. He was not immediately available for comment.
+      Analysts have said they are baffled by the strength of
+  Taft's stock price compared to what they see as breakup values
+  for the company.
+      Several analysts had estimated a break up value of less
+  than 150. One analyst said he believes it has a breakup value
+  of 160 to 165 dlrs per share.
+      Taft stock closed at 156-1/2, up 1-3/4.
+      "They (investors) are saying here's another one - another
+  family dispute," said Dennis McAlpine of Oppenheimer.
+  
+
diff --git a/reuters/training/11076 b/reuters/training/11076
new file mode 100644
index 0000000000000000000000000000000000000000..3775fe7de4ca6811f06534603f03b167069a75ee
--- /dev/null
+++ b/reuters/training/11076
@@ -0,0 +1,43 @@
+U.S. TRADE OFFICIAL SAYS JAPAN ACTION FOOLISH
+  A high level U.S. trade official
+  said it would be foolish for Japan to strike back against the
+  United States for its sanctions on Japanese semiconductor
+  electronics products.
+      Asked by reporters if Japan was expected to retaliate
+  against U.S. exports, Deputy Under Secretary of Commerce Bruce
+  Smart replied, "That would be the height of foolishness."
+      In addition, he doubted Japan could show enough progress in
+  meeting the conditions of the agreement to avoid the actual
+  imposition of the 300 mln dlrs in tariffs on April 17.
+      Japan's 58.6 billion dlr trade surplus with the United
+  States last year has come under fire in Congress concerned
+  about the loss of jobs to foreign competition and with the
+  record 169 billion dlrs U.S. trade deficit in 1986.
+      President Reagan's sanctions decision won praise today from
+  the two Democratic leaders of Congress.
+      "I think it's about time," Senate Democratic Leader Robert
+  Byrd of West Virginia told reporters. House Speaker Jim Wright
+  of Texas told reporters before the opening of the House
+  session, "It just shows we were right all along when we said
+  something needs doing."
+      Smart testified before a Senate Labor Committee hearing
+  that last Friday's U.S. trade action would help U.S.
+  negotiations on access to Japan for U.S. auto parts.
+      Since last August Smart has been leading talks to open up
+  Japan to purchases of more U.S.-made automotive parts. Last
+  year, Japan racked up a 3.6 billion dlr trade surplus with the
+  United States in these products.
+      Both countries expect to conclude the talks by August 1987.
+      "It's amazing to me that the Japanese were surprised. I
+  hope it will persuade them we're serious," Smart said of the
+  White House trade sanctions.
+      The United States has tried to convince Japanese car
+  companies of the quality of American-made parts and to draw
+  them away from their traditional Japanese suppliers.
+      "All we ask is a chance. We have a job to do persuading them
+  we can do better than our reputation seems to be," he said.
+      Measured per car, each American-made car contained about
+  700 dlrs in Japanese auto parts while each Japanese-made car
+  contained about 26 dlrs in U.S. auto parts, Smart said.
+  
+
diff --git a/reuters/training/11078 b/reuters/training/11078
new file mode 100644
index 0000000000000000000000000000000000000000..100d67477c3614ef55e9aec3bc3e8e449fb4f1d1
--- /dev/null
+++ b/reuters/training/11078
@@ -0,0 +1,14 @@
+BILZERIAN UPS PAY 'N PAK <PNP> STAKE TO 9.9 PCT
+  Investor Paul Bilzerian, who has
+  said he may seek control of Pay 'n Pak Stores Inc, said he
+  raised his stake in the company to one mln shares, or 9.9 pct
+  of the total, from 721,900 shares, or 7.2 pct.
+      In a filing with the Securities and Exchange Commission,
+  Bilzerian and Bicoastal Financial Corp, a Tampa, Fla.,
+  investment firm he controls, said they bought 278,000 shares of
+  Pay 'n Pak common stock on March 26 and 27 at prices ranging
+  from 13.29 to 17.04 dlrs a share.
+      Bilzerian last week said he was considering raising his
+  stake in the company, seeking a board seat or control.
+  
+
diff --git a/reuters/training/1108 b/reuters/training/1108
new file mode 100644
index 0000000000000000000000000000000000000000..1e36262648f352d8e8eb450a037d781523e858e9
--- /dev/null
+++ b/reuters/training/1108
@@ -0,0 +1,11 @@
+FORD MOTOR CO OF CANADA LTD <FC> 4TH QTR NET
+  Shr 8.17 dlrs vs 55 cts
+      Net 67.7 mln vs 4.5 mln
+      Revs 3.67 billion vs 3.54 billion
+      Year
+      Shr 12.19 dlrs vs 24.00 dlrs
+      Net 101.1 mln vs 199.0 mln
+      Revs 14.33 billion vs 13.35 billion
+      Note: 90 pct owned by Ford Motor Co <F>
+  
+
diff --git a/reuters/training/11083 b/reuters/training/11083
new file mode 100644
index 0000000000000000000000000000000000000000..35894f3e4b1a773f488ea5a9b1dbae4c45229c37
--- /dev/null
+++ b/reuters/training/11083
@@ -0,0 +1,100 @@
+FED'S POLICY EASE MAY END WITH 2ND QTR RATE CUT
+  The Federal Reserve's move to easier
+  monetary policy, begun with four quick half-point discount rate
+  cuts in 1986, will likely end with a final rate drop in the
+  second quarter, analysts said.
+      A poll of 10 economists shows most expect interest rates to
+  edge lower, with the Fed likely to drop its basic lending rate
+  from 5-1/2 pct late next quarter to help the economy.
+      "The Fed is not likely to ease policy much further without
+  a full-blown recession," said Raymond Stone, chief financial
+  economist at Merrill Lynch Capital Markets.
+      Stone said economic data available by late June may be just
+  weak enough to prompt one more discount rate cut. But he said
+  it may only be a quarter-point drop instead of the usual half
+  point, to avoid hurting the dollar further.
+      All of the economists agreed that the Federal Open Market
+  Committee tomorrow will leave Fed policy unchanged.
+      The average forecast of those surveyed projects roughly
+  quarter-point drops by the end of June in both the Treasury
+  bond yield, to 7-1/2 pct, and the Federal funds rate at which
+  banks lend to one another, to 5-7/8 pct. Most expect the prime
+  lending rate at major banks to remain at 7-1/2 pct.
+      Other broad predictions of the survey, relating mainly to
+  the April-June quarter, follow:
+      - The dollar is likely to decline five to 10 pct further
+  against other major currencies because of a large U.S. budget
+  deficit and a wide, but narrowing, trade gap. Contacted after
+  the dollar's steep drop in the last two business days, the
+  economists reaffirmed this view but stressed the risk is that
+  the dollar will fall more, rather than less, than they expect.
+      - Oil prices in the second quarter are likely to continue
+  trading roughly between 16 and 19 dlrs a barrel and could well
+  test the lower end of that range.
+      - Stocks will continue to outperform bonds next quarter and
+  probably for all of 1987. Stocks should gain on strong
+  foreign demand and a modest second-half economic rise. The
+  outlook for bonds also is less favorable later in the year
+  since both inflation and interest rates may be edging up.
+      - Inflation as measured by the GNP implicit price deflator
+  will rise to around 3.3 pct this year from 2.7 pct in 1986. The
+  sharp fall in the dollar to date will add to inflation, as will
+  a mild economic pickup in the second half of this year.
+      - U.S. real gross national product, which grew at a two pct
+  annual rate in the 1986 second half, should expand at
+  respective rates of about 2.3 pct and 2.5 pct in the 1987 first
+  and second halves. First-quarter growth is put at a 2.4 pct
+  annual
+  rate, slowing to 2.1 pct next quarter.
+      Robert Brusca of Nikko Securities Co International sees
+  both the strongest economy and the highest interest rates among
+  those surveyed. He expects real GNP, which grew at a 1.1 pct
+  rate in fourth-quarter 1986, to expand at a 3.3 pct rate this
+  quarter and 3.5 pct next quarter.
+      "The economy will bounce back more strongly than many
+  expect," Brusca said. He said an involuntary buildup in
+  inventories, largely in autos, will add to first-quarter
+  economic growth, with consumer spending helping later.
+      "We're running out of special factors to keep the economy
+  afloat," said Philip Braverman of Irving Securities Corp. His
+  interest rate and economic forecasts were among the lowest.
+      Braverman said tax law changes and inventory accumulation
+  helped lift fourth and first quarter GNP growth, respectively.
+  He expects 2.5 pct first quarter growth but said that second
+  quarter growth could be zero or negative.
+      Braverman said economic activity next quarter will suffer
+  from a paring of inventories, lower capital investment, slow 
+  government spending and less construction. Only a marginally
+  narrower trade deficit will add to growth.
+      He sees a 7.10 pct end-of-June yield on Treasury bonds,
+  with Federal funds and prime rates at 5.50 and seven pct,
+  respectively. Nikko's Brusca projects rates of 8.25 pct for
+  bonds, 6.15 pct for funds and 7.75 pct for the prime rate.
+      Two of the 10 economists revised rate forecasts up mildly
+  after the dollar's fall to 40-year lows versus the yen in past
+  days and news of pending U.S. trade sanctions against Japan.
+      David Resler of Nomura Securities Co International Inc
+  raised his end-June bond yield forecast to 7.50 pct from 7.20
+  pct and a Fed funds rate estimate to six pct from 5.80 pct.
+      Raul Nicho, president of Money Market Services Inc, lifted
+  his forecast of bond and Fed funds rates an eighth of a point
+  to eight pct for bonds and 6-1/4 pct for funds. Both Nicho and
+  Resler left their end-June prime rate forecast at 7-1/2 pct.
+      The higher rate forecasts reflected a belief that Japanese
+  investors will be less eager to buy U.S. bonds because of fear
+  about further dollar erosion and perhaps in response to U.S.
+  trade sanctions. Yields may have to rise to lure other buyers.
+  ......END-JUNE U.S. INTEREST RATE FORECASTS....
+  ....................T-bonds..Fed funds..Prime..
+  Nikko Securities.....8.25......6.15......7.75..
+  Money Mkt Services...8.00......6.25......7.50..
+  Discount Corp........7.75......6.25......7.50..
+  Merrill Lynch........7.30......5.75......7.50..
+  Bankers Trust........7.25......5.50......7.50..
+  Wells Fargo Bank.....7.30......5.60......7.00..
+  Irving Securities....7.10......5.50......7.00..
+  Dean Witter..........7.00......5.50......7.00..
+  .FORECAST AVERAGE....7.50......5.875.....7.50..
+  .CURRENT LEVELS......7.80......6.125.....7.50..
+  
+
diff --git a/reuters/training/11085 b/reuters/training/11085
new file mode 100644
index 0000000000000000000000000000000000000000..5589bc5d51f80330cd59c45852a0970f501d31b6
--- /dev/null
+++ b/reuters/training/11085
@@ -0,0 +1,13 @@
+LOUISIANA WEEKLY CROP REPORT
+  The Louisiana weekly USDA state crop
+  report said there were 2.4 days suitable for fieldwork.
+      Soil moisture supplies rated 41 pct adequate and 59 pct
+  surplus.
+      Winter Wheat - fair to good condition. eight pct headed vs
+  27 pct a year ago and 17 pct average.
+      Corn - eight pct planted vs 64 pct a year ago and 51 pct
+  average. two pct emerged vs 45 y/a and 23 avg.
+      Spring Plowing - seventeen pct completed vs 66 pct a year
+  ago and 48 pct avg.
+  
+
diff --git a/reuters/training/11086 b/reuters/training/11086
new file mode 100644
index 0000000000000000000000000000000000000000..2b13287acb4411a04751e86b5d8d22e85fabbdba
--- /dev/null
+++ b/reuters/training/11086
@@ -0,0 +1,9 @@
+SERVICE RESOURCES <SRC> UNIT SETS PURCHASE
+  Service Resources Corp's Chas. P.
+  Young Co subsidiary said it agreed to acquire Atwell Fleming
+  Printing Ltd, a Canadian financial printer, for about 3.2 mln
+  dlrs.
+      Young said the acquisition, which is expected to close in
+  April, is subject to due dilligence review.
+  
+
diff --git a/reuters/training/11087 b/reuters/training/11087
new file mode 100644
index 0000000000000000000000000000000000000000..bf1d3ac2c6db08c848f2d2193a6c907b50dd9aec
--- /dev/null
+++ b/reuters/training/11087
@@ -0,0 +1,14 @@
+LLE ROYALTY <LRT> SETS MONTHLY PAYOUT
+  LL and E Royalty Trust said its monthly
+  dividend, for January, to unitholders will be 8.37 cts per unit
+  payable April 15 to holders of record April six.
+      As previously reported, pending a ruling from the Internal
+  Revenues Service, the trust's distribution may be reduced by
+  1.09 dlr per unit, plus interest, spread out over the life of
+  the productive properties in which the trust has an interest.
+      LLE said the working interest owner, to which the IRS sent
+  a notice about a deficiency in the owner's 1983 tax return, is
+  evaluating the necessity of escrowing some funds, which would
+  significantly reduce royalties paid to the trust.
+  
+
diff --git a/reuters/training/11088 b/reuters/training/11088
new file mode 100644
index 0000000000000000000000000000000000000000..ff5e87721d8579b92f265d3e3a8f9cba4cca4f14
--- /dev/null
+++ b/reuters/training/11088
@@ -0,0 +1,8 @@
+GENOVA <GNVA> TO MERGE INTO GENOVA PRODUCTS
+  Genova Inc said its shareholders
+  approved a merger into <Genova Products Inc>, which will be
+  consumated within a few days. Under the agreement, Genova said
+  each of its shareholders will receive 5.375 dlrs per share in
+  cash.
+  
+
diff --git a/reuters/training/1109 b/reuters/training/1109
new file mode 100644
index 0000000000000000000000000000000000000000..9b4262e9e2d9f4b0ed6066888ea0fc871a0921c9
--- /dev/null
+++ b/reuters/training/1109
@@ -0,0 +1,5 @@
+ROYAL BANK OF CANADA 1ST QTR SHR 88 CTS VS 1.22 DLRS
+
+  ROYAL BANK OF CANADA 1ST QTR SHR 88 CTS VS 1.22 DLRS
+  
+
diff --git a/reuters/training/11090 b/reuters/training/11090
new file mode 100644
index 0000000000000000000000000000000000000000..fdf2bd5e517590062dfa8438e3e6bc4501be1942
--- /dev/null
+++ b/reuters/training/11090
@@ -0,0 +1,6 @@
+IMPERIAL BANCORP <IBAN> SETS FIVE PCT DIVIDEND
+  Imperial Bancorp said it declared a
+  five pct stock dividend, payable May 29 to shareholders of
+  record April 17.
+  
+
diff --git a/reuters/training/11091 b/reuters/training/11091
new file mode 100644
index 0000000000000000000000000000000000000000..d4f8dbec239db3643acc32d33c73c21aa0469841
--- /dev/null
+++ b/reuters/training/11091
@@ -0,0 +1,17 @@
+TEXAS WEEKLY CROP REPORT
+  The Texas weekly USDA state crop report
+  said stormy winter weather limited fieldwork before conditions
+  improved later in the week.
+      A snowstorm caused some cattle deaths in the Panhandle, and
+  cold, wet weather covered many areas. Windy weather followed to
+  dry fields and limit planting delays.
+      Small grains made good progress despite cool temperatures
+  which slowed growth. Additional moisture was needed in some
+  areas. Many fields were booting and some were beginning to
+  head. Wheat was rated 16 pct fair, 56 pct good and 28 pct
+  excellent.
+      Corn and sorghum planting progressed, and land preparation
+  was ahead of schedule in the Plains despite snowy weather.
+  Cotton planting progressed in the Lower Valley.
+  
+
diff --git a/reuters/training/11093 b/reuters/training/11093
new file mode 100644
index 0000000000000000000000000000000000000000..71c3296bdd1030315b260a38be3731ec3b3696f7
--- /dev/null
+++ b/reuters/training/11093
@@ -0,0 +1,15 @@
+ARKLA <ALG> PROPOSAL TO SETTLE DISPUTE
+  Arkla Inc said it and
+  International Paper Co <IP> filed a proposal with the Arkansas
+  Public Service Commission designed to resolve the dispute
+  between the two over IP's plan to build natural gas pipelines
+  for its paper mill facilities at Pine Bluff and Camden.
+      Arkla's pipeline division, Arkla Energy Resources,
+  currently delivers all of the natural gas consumed at the two
+  mills.
+      Under the proposal, Arkla will support IP's plan to build
+  the alternate pipelines, while IP will allow Arkla's pipeline
+  division to deliver an equal quantity of competitively priced
+  supplies to other IP facilities.
+  
+
diff --git a/reuters/training/11095 b/reuters/training/11095
new file mode 100644
index 0000000000000000000000000000000000000000..30bb220ba448ebb456029a1d6cc15eef391a193f
--- /dev/null
+++ b/reuters/training/11095
@@ -0,0 +1,11 @@
+SERVICE RESOURCES <SRC> UNIT IN ACQUISITION
+  Chas. P. Young Co, a subsidiary of
+  Service Resources Corp, said it signed a definitive agreement
+  to acquire Atwell Fleming Printing Ltd, of Canada, for about
+  3.2 mln dlrs.
+      The transaction is expected to close in April.
+      ON February 23, Chas. P. Young said it had aquired 19.05
+  pct of the shares of Sorg INc <SRG> to facilitate a newgotiated
+  business combination.
+  
+
diff --git a/reuters/training/11098 b/reuters/training/11098
new file mode 100644
index 0000000000000000000000000000000000000000..80e3df2b82bd1f80a12347edca498cba486f5ae8
--- /dev/null
+++ b/reuters/training/11098
@@ -0,0 +1,6 @@
+AEC INC <AECE> SETS REGULAR PAYOUT
+  Qtrly div eight cts vs eight cts prior
+      Pay April 30
+      Record April 8
+  
+
diff --git a/reuters/training/111 b/reuters/training/111
new file mode 100644
index 0000000000000000000000000000000000000000..ccbcdb8a74c264b9764a96b91a52b78e57a588e0
--- /dev/null
+++ b/reuters/training/111
@@ -0,0 +1,12 @@
+U.S. M-1 MONEY SUPPLY ROSE 2.1 BILLION DLRS
+  U.S. M-1 money supply rose 2.1 billion
+  dlrs to a seasonally adjusted 736.7 billion dlrs in the
+  February 16 week, the Federal Reserve said.
+      The previous week's M-1 level was revised to 734.6 billion
+  dlrs from 734.2 billion dlrs, while the four-week moving
+  average of M-1 rose to 735.0 billion dlrs from 733.5 billion.
+      Economists polled by Reuters said that M-1 should be
+  anywhere from down four billion dlrs to up 2.3 billion dlrs.
+  The average forecast called for a 300 mln dlr M-1 rise.
+  
+
diff --git a/reuters/training/1110 b/reuters/training/1110
new file mode 100644
index 0000000000000000000000000000000000000000..baa158d800eac29f2ec7b28a47e4034f0e15cbdc
--- /dev/null
+++ b/reuters/training/1110
@@ -0,0 +1,34 @@
+BELGIAN MINISTER SEES NEW ACCORD ON EC OILS/FATS
+  Belgian Foreign Trade Minister Herman
+  De Croo said he believed there would be a compromise within the
+  European Community, EC, on its proposed tax on vegetable fats
+  and oil, averting a pledged tough trade response by the United
+  States.
+      De Croo, in Washington for talks with Administration
+  officials and Congressional leaders, said at a news conference
+  there is a battle within the community on the tax on fats and
+  oils used in the 12 EC countries.
+      But he added, "I do not think it will be a big issue because
+  there will be a big debate inside Europe," adding "so there will
+  be a compromise."
+      U.S. Trade Representative Clayton Yeutter said yesterday
+  that if the community went ahead with the tax, the United
+  States would respond "vigorously" to protect its trade rights and
+  access to community markets.
+      De Croo also said he thought the community would postpone
+  its April 28 deadline for imposing new slaughterhouse rules to
+  cover all meats brought into EC nations if some progress was
+  made toward resolving differences with the United States.
+      U.S. officials say its rules now meet health standards and
+  the EC should require equivalent but not identical standards.
+      He also told reporters he hoped the community could deal
+  with another controversial health proposal that would forbid
+  the feeding of hormones to cattle, which is also opposed by the
+  United States.
+      De Croo gave no deals on how he though the issue might be
+  resolved. That rule is go into effect on January 1, 1988.
+      He said U.S. cattlemen say there is no reason to change
+  slaughterhouse practices in April if the meat is to be banned a
+  few months later by the hormone rule.
+  
+
diff --git a/reuters/training/11100 b/reuters/training/11100
new file mode 100644
index 0000000000000000000000000000000000000000..b5a3bfb03479e22e71f9c08741ff916c3df27474
--- /dev/null
+++ b/reuters/training/11100
@@ -0,0 +1,14 @@
+SHELL CANADA SCHEDULES ANNUAL REFINERY SHUTDOWN
+  Shell Canada Ltd, 72 pct owned
+  by Royal Dutch/Shell Group <RD> <ST>, scheduled its annual
+  maintenance refinery shutdowns during the next two months,
+  company spokeswoman Judy Wish said.
+      Wish said refineries will stockpile production before the
+  shutdowns to maintain normal supply while maintenance is
+  carried out.
+      Production at Shell's major refinery at Strathcona Alberta,
+  will be closed for about one month, Wish said.
+      There will be no layoffs associated with the refinery
+  maintenance, she added.
+  
+
diff --git a/reuters/training/11101 b/reuters/training/11101
new file mode 100644
index 0000000000000000000000000000000000000000..fc9d4851ccdb66feaeefdabeaf55cfb0b1667acb
--- /dev/null
+++ b/reuters/training/11101
@@ -0,0 +1,21 @@
+DIXONS GROUP, AUDIO/VIDEO <AVA> END LITIGATION
+  Dixons Group PLC said that pursuant to
+  an agreement with Audio/Video Affiliates Inc, part of an
+  investor group that made a rival bid for Cyclops Corp <CYL>,
+  all litigation between them has been dismissed.
+      As part of the agreement, Dixons said Cyacq Corp, the
+  Audio/Video investor group that includes Citicorp Capital
+  Investors Ltd, agreed to "promptly" terminate its existing
+  tender offer for all outstanding Cyclops common at 92.50 dlrs
+  per share.
+      Dixons said it agreed to pay an additional 4.75 dlrs per
+  share, or 95 dlrs per share, to each shareholder whose shares
+  were purchased under its offer for Cyclops at 90.25 dlrs per
+  share.
+      On Friday, Dixons announced that it had increased its
+  holdings in Cyclops Corp to about 83 pct of the currently
+  outstanding shares and that it intended to increase to 95 dlrs
+  from 90.25 dlrs the amount per share paid in the merger of a
+  Dixons subsidiary with Cyclops.
+  
+
diff --git a/reuters/training/11102 b/reuters/training/11102
new file mode 100644
index 0000000000000000000000000000000000000000..5d7f1e882091bebb687f5f1d587021a745afcb72
--- /dev/null
+++ b/reuters/training/11102
@@ -0,0 +1,43 @@
+U.S. DOT APPROVES AMERICAN <AMR>-ACI <ACF> PACT
+  The U.S. Department of
+  Transportation (DOT) said it gave final clearance to the
+  proposed 225 mln dlr acquisition of AirCal Inc by American
+  Airlines Inc.
+      "The acquisition is not likely to substantially lessen
+  competition or to be inconsistent with the public interest," the
+  DOT said in a statement.
+      AirCal is a unit of ACI Holdings Inc while American is a
+  unit of AMR Corp.
+      The DOT had given tentative approval to the merger plan
+  Feb. 20.
+      American is the third largest U.S. airline in terms of
+  revenue passenger miles while AirCal--a relatively small
+  carrier that primarily serves West Coast cities--is the
+  nation's 17th largest passenger carrier. Their merger would not
+  alter American's third-place ranking, according to data
+  compiled by Aviation Daily, a leading industry trade magazine.
+      The combination would incrase American's share of the U.S.
+  market to 15.4 pct from its current 14.7 pct, the DOT said.
+      The DOT said the merger was unlikely to substantially
+  reduce competition on the four routes on which both carriers
+  provide either nonstop or single-plane service.
+      At 13 of the 14 terminals served by both carriers, the DOT
+  said it found no evidence that other carriers could not
+  increase or begin service that competed with a merged
+  American-AirCal.
+      Concerning the 14th, "While entry may not be possible at the
+  Orange County Airport in the near future, DOT found that the
+  service provided at other airports in the Los Angeles area,
+  especially at the Los Angeles International Airport, will
+  provide effective competition for Orange County travelers in
+  long-haul markets," the DOT said.
+      The merger would give American control of 37 pct of the
+  authorized takeoff and landing slots at the Orange County
+  terminal, where environmental concerns and a small terminal
+  building limit future opportunities for expansion.
+      The DOT said the Air Line Pilots Association filed comments
+  opposing the merger but "raised no new facts or arguments."
+      Under the merger terms, announced Nov. 17, American will
+  pay 15 dlrs a share for the outstanding stock of ACI Holdings.
+  
+
diff --git a/reuters/training/11103 b/reuters/training/11103
new file mode 100644
index 0000000000000000000000000000000000000000..618d0f4bea35c92ebd2eea0061f15429722c7288
--- /dev/null
+++ b/reuters/training/11103
@@ -0,0 +1,14 @@
+U.S. CREDIT MARKETS END UNDER EXTREME PRESSURE
+  The U.S. credit market ended under
+  extreme pressure as the dollar's continued slide on the
+  currency markets triggered an avalanche of U.S. securities
+  sales, pushing prices to 1987 lows, dealers and analysts said.
+      "This was a bloodbath," said one money market economist.
+  "We've been trading in a state of total panic at times today,"
+  said another.
+      Mirroring the dollar's fall to a 40-year low against the
+  yen, the key 7-1/2 pct 30-year Treasury bond price fell nearly
+  two points to close at 96-7/32, compared with 98-5/32 on
+  Friday. The corresponding yield jumped to 7.83 pct from 7.66.
+  
+
diff --git a/reuters/training/11104 b/reuters/training/11104
new file mode 100644
index 0000000000000000000000000000000000000000..00ecac794ff109e1318b7264ddf5652ecd18c917
--- /dev/null
+++ b/reuters/training/11104
@@ -0,0 +1,12 @@
+STEEL TECHNOLOGIES <STTX>, MITSUI SET VENTURE
+  Steel Technologies Inc said it
+  agreed to form a 50-50 joint venture with <Mitsui and Co Ltd>
+  to make steel products.
+      The venture, called Mi-Tech Steel Inc, will be set up to
+  serve Japanese and domestic automobile and appliance parts
+  makers in the U.S.
+      A plant will be located near Murfreesboro, Tenn., and
+  production is expected to begin in the fall 1987, the company
+  said.
+  
+
diff --git a/reuters/training/11105 b/reuters/training/11105
new file mode 100644
index 0000000000000000000000000000000000000000..f4eb85c4c2090124b1cfbf6f0f07b57ed08f6989
--- /dev/null
+++ b/reuters/training/11105
@@ -0,0 +1,14 @@
+INLAND VACUUM <IVAC> SETS STOCK SPLIT
+  Inland Vacuum Inc said is
+  board proposed a two-for-one stock split payable to
+  shareholders of record April 30.
+      The board also elected Phillip Frost chairman, succeeding
+  John Durkin, who remains president and chief executive officer.
+  Frost in early February bought 49 pct of the company, Durkin
+  said.
+      Stockholders at the annual meeting approved a measure to
+  change the company's name to IVACO Industries Inc. Five new
+  directors were also elected to the company's board. Durkin was
+  re-elected to the board, the company said.
+  
+
diff --git a/reuters/training/11106 b/reuters/training/11106
new file mode 100644
index 0000000000000000000000000000000000000000..ba32bac431179233ca13f4dce7186c11632427ec
--- /dev/null
+++ b/reuters/training/11106
@@ -0,0 +1,16 @@
+JOHNSON PRODUCTS INC <JPC> 2ND QTR FEB 28 LOSS
+  Shr loss three cts vs loss 39 cts
+      Net loss 115,000 vs loss 1,544,000
+      Rev 6.9 mln vs 7.3 mln
+      Six months
+      Shr profit four cts vs loss 44 cts
+      Net profit 141,000 vs loss 1,772,000
+      Rev 13.9 mln vs 14.5 mln
+      NOTE: Net includes loss from discontinued operations of
+  78,000 dlrs, or two cts a share, versus 597,000, or 15 cts a
+  share in the prior 2nd qtr.
+      Six months net includes gain from discontinued operations
+  of 104,000 dlrs, or three cts a share, versus a loss of 588,000
+  dlrs, or 15 cts a share, in the prior six months.
+  
+
diff --git a/reuters/training/11107 b/reuters/training/11107
new file mode 100644
index 0000000000000000000000000000000000000000..94be2bbbabe70b5e981610661750679a6a4645e1
--- /dev/null
+++ b/reuters/training/11107
@@ -0,0 +1,19 @@
+STEEL TECHNOLOGIES <STTX> IN JOINT VENTURE
+  Steel Technologies Inc said it
+  signed an agreement with Mitsui and Co Ltd <MITSY> and its
+  subsidiaries to establish a joint venture corporation to be
+  called Mi-Tech Steel Inc.
+      Mitsui, through its subsidiaries, Mitsui and Co USA Inc and
+  Mitsui Steel Development Co Inc, and Steel Technologies each
+  will own 50 pct of the new company, the company said.
+      Mi-tech Steel will construct, own and operate steel service
+  centers. The facilities will be established to serve Japanese
+  and domestic automobile and appliance parts manufactures in the
+  U.S., the company said.
+      The initial processing center will be located near
+  Murfreesboro, Tenn., and is expected to begin operations in the
+  fall of 1987, Steel Technologies said.
+      Daryl Elser, president of Steel Technologies, will be
+  president of the new company, it said.
+  
+
diff --git a/reuters/training/11109 b/reuters/training/11109
new file mode 100644
index 0000000000000000000000000000000000000000..97b8560c8e5dcf59965287aa19e2f036ca17b208
--- /dev/null
+++ b/reuters/training/11109
@@ -0,0 +1,9 @@
+MAYNARD OIL CO <MOIL> YEAR LOSS
+  Oper shr loss 44 cts vs profit 58 cts
+      Oper net loss 2.7 mln vs profit four mln
+      Revs 13.3 mln vs 28.4 mln
+      Avg shrs 6.1 mln vs seven mln
+      NOTE: Prior year excludes extraordinary gain of 21 cts per
+  share.
+  
+
diff --git a/reuters/training/1111 b/reuters/training/1111
new file mode 100644
index 0000000000000000000000000000000000000000..321c57d98c70195048f2cef490f72aeabb4419a7
--- /dev/null
+++ b/reuters/training/1111
@@ -0,0 +1,14 @@
+ANITEC IMAGE TECHNOLOGY CORP <ANTC> 2ND QTR NET
+  Shr 33 cts vs 28 cts
+      Net 3,722,000 vs 3,103,000
+      Sales 33.0 mln vs 31.8 mln
+      Avg shrs 11.2 mln vs 11.1 mln
+      1st half
+      Shr 68 cts vs 58 cts
+      Net 7,585,000 vs 6,346,000
+      Sales 65.9 mln vs 61.3 mln
+      Avg shrs 11.2 mln vs 11.0 mln
+      NOTE: Share adjusted for three-for-two October 1986 stock
+  split.
+  
+
diff --git a/reuters/training/11111 b/reuters/training/11111
new file mode 100644
index 0000000000000000000000000000000000000000..e8c0c8c91bef207a17bd853a07d96e3516ce326f
--- /dev/null
+++ b/reuters/training/11111
@@ -0,0 +1,13 @@
+KANSAS GAS AND ELECTRIC CO <KGE> FEBRUARY NET
+  Shr 13 cts vs 5 cts
+      Net 5,568,319 vs 2,968,437
+      Rev 36.5 mln vs 34.0 mln
+      12 months
+      Shr 1.60 dlrs vs 1.79 dlrs
+      Net 72,865,101 vs 85,198,853
+      Rev 521.3 mln vs 420.3 mln
+      NOTE: Twelve months includes the cumulative effect of a
+  change in accounting methods for accruing unbilled revenues of
+  11.4 mln dlrs, or 28 cts per share.
+  
+
diff --git a/reuters/training/11112 b/reuters/training/11112
new file mode 100644
index 0000000000000000000000000000000000000000..bb53aa8b6be604a1317a4ac5d1e86f2a13bb2f23
--- /dev/null
+++ b/reuters/training/11112
@@ -0,0 +1,7 @@
+<JOURNEY'S END MOTEL CORP> SIX MTHS JAN 31 NET
+  Shr 13 cts vs 14 cts
+      Net 1,329,000 vs 1,054,000
+      Revs 20.7 mln vs 11.4 mln
+      Avg shrs 10,100,000 vs 7,500,000
+  
+
diff --git a/reuters/training/11113 b/reuters/training/11113
new file mode 100644
index 0000000000000000000000000000000000000000..a5912977bc71557dde54f29fb1f5942764978aa9
--- /dev/null
+++ b/reuters/training/11113
@@ -0,0 +1,8 @@
+NEOAX <NOAX> BUYS REXNORD <REX> UNIT
+  Neoax Inc said it bought
+  Rexnord Inc's Fairfield Manufacturing Co for 70.5 mln dlrs
+  cash.
+      The unit makes custom gears for industrial use and had
+  sales of 84 mln dlrs in its Oct. 31, 1986 fiscal year.
+  
+
diff --git a/reuters/training/11115 b/reuters/training/11115
new file mode 100644
index 0000000000000000000000000000000000000000..0d739a7544bd14e7e70dd0d380d7bd61ef821216
--- /dev/null
+++ b/reuters/training/11115
@@ -0,0 +1,6 @@
+<R.L. CRAIN INC> 4TH QTR NET
+  Shr 80 cts vs 79 cts
+      Net 4,212,000 vs 4,142,000
+      Sales 111.1 mln vs 107.1 mln
+  
+
diff --git a/reuters/training/11118 b/reuters/training/11118
new file mode 100644
index 0000000000000000000000000000000000000000..d4f4d58f761ad78367a6d649466b42ec66a20531
--- /dev/null
+++ b/reuters/training/11118
@@ -0,0 +1,43 @@
+EXXON (XON) SEES SYNFUELS ROLE BY YEAR 2000
+  Development of costly shale oil,
+  liquified coal and other kinds of synthetic fuels, halted in
+  recent years because of cheap and abundant petroleum supplies,
+  will become economic again when world oil prices top 30 dlrs a
+  barrel, an Exxon Co USA executive said.
+      Joe McMillan, a senior vice president, told Reuters after
+  addressing a Houston meeting of the American Institute of
+  Chemical Engineers, "By early in the next century, synthetics
+  should play a significant role in this country's energy
+  supply."
+      McMillan also told reporters at a news conference that he
+  believed synthetic fuels would become economic to develop when
+  world oil prices reached a 30 to 40 dlr a barrel price range.
+      "You're talking about a 50 pct increase in crude oil
+  prices, but I think that time is coming and we've got to be
+  prepared," McMillan said.
+      He predicted U.S. oil demand would rise by about one pct
+  annually in the next few years while the nation fails to
+  replace its oil reserves through exploration. By the turn of
+  the century, world oil prices will be significantly higher
+  because of declining supplies, McMillan said.
+      Ashland Oil, Inc. chairman John Hall, who also spoke at the
+  meeting, advocated some form of federal tax incentives to help
+  spur development of synthetic fuels.
+      The United States, Hall said, has nearly 500 billion tons
+  of demonstrated coal reserves, an amount more than triple that
+  of all the world's known oil reserves.
+      "We must encourage research now in order to make synfuels
+  competitive later," Hall said. The average lead time for
+  development of a shale oil or liquified coal project is between
+  five and ten years.
+      Until last year, the federal government had subsidized
+  synfuels development through the U.S. Synthetic Fuels Corp., a
+  research program created during the Carter Administration with
+  the goal of developing replacements for up to two mln barrels
+  of oil.
+      The corporation was shut down last April when Congress
+  refused to continue funding its eight billion dlr budget
+  because of uneconomic projects based on forecasts of 50 dlrs a
+  barrel oil and 10 dlr per mcf natural gas during this decade.
+  
+
diff --git a/reuters/training/11119 b/reuters/training/11119
new file mode 100644
index 0000000000000000000000000000000000000000..9cbccd04727522b1b8988630fc93240306a13cdf
--- /dev/null
+++ b/reuters/training/11119
@@ -0,0 +1,16 @@
+OKLAHOMA WEEKLY CROP REPORT
+  The Oklahoma weekly USDA crop
+  report said cold weather slowed crop development and caused
+  some cattle deaths.
+      Wheat growth was halted by cold weather, and rain early in
+  the week prevented fertilizer application and weed spraying.
+  Fields in the west were short of nitrogen, and moderate insect
+  activity was noted in the southwest region.
+      Wheat condition was rated 15 pct fair, 84 pct good and one
+  pct excellent.
+      Row crop activity was very slow amid wet conditions.
+  Topsoil moisture was rated 30 pct adequate and 70 pct surplus,
+  and subsoil moisture was rated 100 pct adequate. Only two days
+  were suitable for fieldwork.
+  
+
diff --git a/reuters/training/1112 b/reuters/training/1112
new file mode 100644
index 0000000000000000000000000000000000000000..61eb574da8dd3c2cbd77d29fc6ecaf91d8813959
--- /dev/null
+++ b/reuters/training/1112
@@ -0,0 +1,25 @@
+DUTCH MONEY MARKET DEBT BARELY CHANGED IN WEEK
+  Loans and advances from the Dutch
+  central bank to the commercial banks were barely changed at
+  12.9 billion guilders in the week up to and including March 2,
+  the central bank weekly return showed.
+      The Treasury's account with the bank dropped 1.3 billion
+  guilders. Dealers said a larger amount of funds in the form of
+  interest and repayments on state loans went out than came in
+  the form of tax payments to the state.
+      Notes in circulation rose 360 mln to 27.7 billion as the
+  public withdrew cash to celebrate this week's Carnival festival
+  or take an end-of-winter holiday break, dealers said.
+      Current money market rates are at 5-3/4 to 6-1/4 pct for
+  call money against 5-1/4 to 5-3/8 a week ago, and between
+  5-5/16 and 5-9/16 pct against 5-1/4 to 5-1/2 for one to 12
+  month periods, dealers said.
+      The cause for the rise was a rather tight 4.8 billion
+  guilders of special advances set by the Bank yesterday compared
+  with 8.0 billion guilders for the previous set, dealers added.
+      They expect the money market shortage to continue around 12
+  billion guilders this week.
+      The weekly return showed total Dutch gold and currency
+  reserves rose 11.3 mln guilders to 56.0 billion guilders.
+  
+
diff --git a/reuters/training/11120 b/reuters/training/11120
new file mode 100644
index 0000000000000000000000000000000000000000..a1839f2ac0e632203d80a016e9c3a6d8c8135a28
--- /dev/null
+++ b/reuters/training/11120
@@ -0,0 +1,27 @@
+BRAZIL TEMPORARILY LEGALISES DLR PARALLEL MARKET
+  Brazilian President Jose Sarney
+  announced a move which temporarily legalises the purchase of
+  U.S. dollars in the parallel currency market, aimed at
+  promoting imports of foreign goods.
+      In a speech, Sarney justified his measure as a need to face
+  "current well known difficulties to obtain foreign loans for the
+  purchase of goods."
+      The parallel market, although officially tolerated, is
+  technically illegal in Brazil. For the past year, the dollar in
+  the parallel market has sold at between 25 and 100 pct above
+  the official rate.
+      Sarney's decision means Brazilian importers of machinery
+  and industrial equipment can buy dollar currency in the
+  parallel market without having to wait for an official order
+  from the Banco do Brasil's Foreign Trade Department (Cacex).
+      Sarney also announced measures to boost exports in an
+  effort to strengthen the country's trade balance and alleviate
+  the risk of a reduction of foreign loans for this sector of the
+  economy.
+      The president authorised the National Foreign Trade Council
+  (CONEX) to resume operating as the ruling body of Brazil's
+  trade policy, with participation of the private sector.
+      The Council had been closed three years ago by the military
+  government of former President Joao Figueiredo.
+  
+
diff --git a/reuters/training/11121 b/reuters/training/11121
new file mode 100644
index 0000000000000000000000000000000000000000..1446de61deef80e06d7b77ada6da3b6ff2618fdd
--- /dev/null
+++ b/reuters/training/11121
@@ -0,0 +1,13 @@
+USX <X> UNIT RAISES SOME STEEL PRICES
+  USX Corp said its USS steelmaking
+  division increased prices on plate and H-pile products.
+      Effective with May three shipments, it said the price base
+  on carbon and high-strength low-alloy, or HSLA, H-piles will
+  increase by 1-1/2 cts per pound.
+      Effective with shipments beginning June 28, the price on
+  carbon, HSLA, and alloy plates will increase by 1-1/4 cts per
+  pound. Strip mill plate prices will rise by 3/4 cts per pound.
+      It said the price increases on plate and H-pile products
+  will apply to all shipments from USS plants.
+  
+
diff --git a/reuters/training/11123 b/reuters/training/11123
new file mode 100644
index 0000000000000000000000000000000000000000..a3201f4fb91cffbac875f59baa360f6e21fc9527
--- /dev/null
+++ b/reuters/training/11123
@@ -0,0 +1,75 @@
+CANADA BANKS COULD SEE PRESSURE ON BRAZIL LOANS
+  Canada's major banks will likely face
+  stiff pressure to declare their Brazilian loans non-performing
+  if, as expected, major U.S. banks take similar action after the
+  end of their first quarter tomorrow, analysts said.
+      American bankers said last week that slow progress in debt
+  talks with Brazil increased the likelihood that U.S. banks
+  would soon declare their Brazilian loans non-performing.
+      Such action "would put a lot of pressure on the Canadian
+  banks to do the same," Levesque, Beaubien Inc Toronto-based bank
+  analyst Donna Pulcine told Reuters.
+      "They (banks) like to appear to be conservative," said
+  Pulcine, "and if a major bank puts loans on a non-performing
+  basis and the Canadian banks don't, there is going to be a lot
+  of pressure from shareholders as to why one bank is considering
+  the loans non-performing and another bank is not."
+      Wood Gundy Inc bank analyst Patricia Meredith said any
+  willingness by a major Brazilian bank creditor such as Citicorp
+  <CCI> to declare its Brazilian loans non-performing rather than
+  let Brazil dictate settlement terms would provide a compelling
+  example for other creditor banks.
+      "In order to make that strategy work, they (Citicorp) have
+  to have the support of the other banks," said Meredith.
+      Bank analyst Michael Walsh at First Marathon Securities Ltd
+  said at least one Canadian bank, which he declined to identify,
+  "wants to put (the Brazilian loans) on a non-performing basis
+  and is trying to encourage the others to take that position."
+      Canadian banks are owed about seven billion Canadian dlrs
+  by Brazil, which late last month suspended interest payments on
+  its 68 billion U.S. dlr foreign bank debt.
+      Banks in Canada, although allowed to wait up to 180 days
+  before declaring loans on which they are receiving no interest
+  as non-performing, usually move on such loans within 90 days.
+  They could therefore delay action on the Brazilian loans until
+  late May, which falls in Canadian banks' third quarter ending
+  July 31.
+      <Bank of Montreal>, Brazil's largest Canadian bank
+  creditor, said last week it was not currently considering
+  declaring its 1.98 billion dlrs of Brazilian loans as
+  non-performing.
+      "I think that is just for the benefit of the public," Walsh
+  said of Bank of Montreal's statement. 
+      Some analysts predicted minimal earnings impact on Canadian
+  banks from a move to declare the Brazilian loans
+  non-performing.
+      They said Brazil would likely resume interest payments by
+  the banks' fiscal year-end on October 31, thus allowing banks
+  to recoup their lost interest income.
+      "From what Brazil has said, it is quite likely the banks
+  will get the money," said Meredith. "My outlook at this point is
+  optimistic that there will be no adjustment for the full-year's
+  earnings."
+      Meredith forecast 1987 fully diluted per share earnings of
+  3.80 dlrs for <Royal Bank of Canada> compared with 3.74 in
+  1986; 4.30 dlrs for <Bank of Montreal> compared with 3.59; 2.25
+  dlrs for <Canadian Imperial Bank of Commerce> compared with
+  2.23;  2.15 dlrs for <Bank of Nova Scotia> compared with 1.94,
+  and 2.85 dlrs for <Toronto Dominion Bank> against 2.74.
+      She forecast 1.90 dlrs for <National Bank of Canada>
+  against 3.30 dlrs before a two for one stock split.
+      Analyst Pulcine said she might lower full-year earnings
+  estimates for the banks by between two cts and 10 cts a share,
+  assuming a possible settlement reduced Brazil's interest costs.
+      "If the banks didn't receive anything for the rest of the
+  fiscal year, the impact could range from 16 cts to 70 cts a
+  share. But I don't see that as a likely scenario," Pulcine said.
+      Walsh at First Marathon suggested, however, that the
+  Brazilian debt situation was so complex that "it could drag on
+  beyond one full fiscal year."
+      He said he foresaw having to lower his 1987 fiscal earnings
+  forecasts for the banks. He estimated that Brazil's yearly
+  interest payments to Canadian banks totaled about 575 mln dlrs
+  or about 10 pct of their total 1986 pre-tax earnings.
+  
+
diff --git a/reuters/training/11124 b/reuters/training/11124
new file mode 100644
index 0000000000000000000000000000000000000000..c10f62e5beae6f5be1cb695ffffc915b9ad2aeb7
--- /dev/null
+++ b/reuters/training/11124
@@ -0,0 +1,29 @@
+VENEZUELA PLANS METALS INVESTMENT FOR 1987-89
+  The Venezuela Guayana Corporation, CVG,
+  which oversees the state steel, iron, aluminum and other
+  industries, will invest 75 billion bolivars in new projects
+  during 1987-89, CVG president Leopoldo Sucre Figarella
+  announced.
+      The investments will go to plant expansion, infrastructure
+  and the extension of hydroelectric facilities in the
+  mineral-rich Guayana region, south of the Orinoco river.
+      Sucre Figarella told a news conference the CVG's 12
+  companies showed an overall increase of 120 pct in profits,
+  which rose from 1.732 billion bolivars in 1985 to 3.926 billion
+  bolivars last year.
+      Among the best performers was steel company Sidor which
+  earned 1.019 billion bolivars, the first time since 1978 Sidor
+  turned a profit.
+      The gain was made possible in part by the refinancing of
+  1.619 mln dollars of foreign debt.
+      CVG's three aluminum companies also showed substantial
+  gains. Interalumina, which makes the intermediate material
+  alumina, had an increase in profits from 116 to 217 mln
+  bolivars, Alcasa earned 487 mln bolivars, as compared to 1985's
+  412 mln and Venalum's profits rose by around half, from 1.042
+  to 1.504 bln bolivars.
+      Meanwhile, the state iron company Ferrominera saw its
+  profits rise from 156 mln bolivars in 1985 to 204 mln bolivars
+  last year.
+  
+
diff --git a/reuters/training/11126 b/reuters/training/11126
new file mode 100644
index 0000000000000000000000000000000000000000..13ecc8b0351356b5c2a6336e80b9a89108d4fd75
--- /dev/null
+++ b/reuters/training/11126
@@ -0,0 +1,9 @@
+INFINITY <INFTA> TO PURCHASE AM/FM STATION
+  Infinity Broadcasting Corp said it
+  entered an agreement to acquire radio stations KVIL AM/FM from
+  Sconninx Broadcasting Co for 82 mln dlrs.
+      Upon completion of the transaction, Infinity will own nine
+  FM and four AM stations in 10 major markets.
+      The transaction is subject to FCC approval.
+  
+
diff --git a/reuters/training/11127 b/reuters/training/11127
new file mode 100644
index 0000000000000000000000000000000000000000..f06939f720e74e41eaa1d3872095472ef4234495
--- /dev/null
+++ b/reuters/training/11127
@@ -0,0 +1,5 @@
+N.Z. FEBRUARY CURRENT ACCOUNT DEFICIT 78 MLN V 93 MLN JAN - GOVT
+
+  N.Z. FEBRUARY CURRENT ACCOUNT DEFICIT 78 MLN V 93 MLN JAN - GOVT
+  
+
diff --git a/reuters/training/11128 b/reuters/training/11128
new file mode 100644
index 0000000000000000000000000000000000000000..0eaa3c400e8575cbc11ac9ae53befc3724f69949
--- /dev/null
+++ b/reuters/training/11128
@@ -0,0 +1,6 @@
+BULL AND BEAR GROUP INC <BNBGA> YEAR END DEC 31
+  Shr loss 45 cts vs profit 25 cts
+      Net loss 641,000 vs profit 352,000
+      Revs 5,747,000 vs 3,038,000
+  
+
diff --git a/reuters/training/11132 b/reuters/training/11132
new file mode 100644
index 0000000000000000000000000000000000000000..327c948045e730f4ee40e201f524bb3f8323f30a
--- /dev/null
+++ b/reuters/training/11132
@@ -0,0 +1,10 @@
+FRETTER INC <FTTR> 4TH QTR JAN 31 NET
+  Shr loss five cts vs profit 36 cts
+      Net loss 784,000 vs profit 4,793,000
+      Revs 90 mln vs 79 mln
+      Year
+      Shr profit 27 cts vs profit 65 cts
+      Net profit 4,010,000 vs profit 8,539,000
+      Revs 273 mln vs 214 mln
+  
+
diff --git a/reuters/training/11133 b/reuters/training/11133
new file mode 100644
index 0000000000000000000000000000000000000000..3b57363e3c6dd28a5a82ab93e44d21c7ccf9ba09
--- /dev/null
+++ b/reuters/training/11133
@@ -0,0 +1,8 @@
+AMFAC <AMA> TO SELL STORE
+  Amfac Inc said it entered an
+  agreement to sell the last remaining store of its original
+  Liberty House of California operation to H and S - San Mateo
+  Inc.
+      Terms were not disclosed.
+  
+
diff --git a/reuters/training/11134 b/reuters/training/11134
new file mode 100644
index 0000000000000000000000000000000000000000..1b2b11156cc52e92129d78ad76c4514a257ae318
--- /dev/null
+++ b/reuters/training/11134
@@ -0,0 +1,9 @@
+HARPER INTERNATIONAL <HNT> IN ACQUISITION
+  Harper International Inc
+  said it intends to buy the major asset, patents and trade name
+  of Demarkus Corp, a designer and installer of process gas
+  systems for the soft drink and brewing industries.
+      The purchase price is about 125,000 dlrs.
+      Demarkus' sales were 470,000 dlrs in 1986.
+  
+
diff --git a/reuters/training/11135 b/reuters/training/11135
new file mode 100644
index 0000000000000000000000000000000000000000..52dc932816c4e4b6758d56c13830423f358ccf72
--- /dev/null
+++ b/reuters/training/11135
@@ -0,0 +1,39 @@
+SARNEY TEMPORARILY LEGALISES DLR PARALLEL MARKET
+  Brazilian President Jose Sarney
+  announced a move which temporarily legalises the purchase of
+  U.S. Dollar currency in the parallel market, aimed at promoting
+  imports of foreign goods.
+      In a speech, Sarney justified his measure as a need to face
+  "current well known difficulties to obtain foreign loans for the
+  purchase of goods."
+      The parallel market, although tolerated, is technically
+  illegal. For the past year, the dollar in the parallel market
+  is being sold at 25 to 100 pct above the official rate.
+      Sarney's decision means that Brazilian importers of
+  machinery and industrial equipment can buy dollar currency in
+  the parallel market without having to wait for the issuing of
+  an official order from the Banco do Brasil's Foreign Trade
+  Department (Cacex).
+      Sarney also announced measures to boost exports in an
+  effort to strengthen the country's trade balance and alleviate
+  the risk of a reduction of foreign loans for this sector of the
+  economy.
+      The president authorised the National Foreign Trade Council
+  (CONEX) to resume operating as the ruling body of Brazil's
+  trade policy, with participation of the private sector.
+      The Council had been closed three years ago by the military
+  government of former President Joao Figueiredo.
+      Tomorrow, Brazil was due to fulfill payment of 15 billion
+  dollars in short range credit lines, but its economic officials
+  have suggested a 60-day extension in the deadline in order to
+  seek a renegotiation with its creditors.
+      Sarney told members of the Council that for Brazil it is a
+  must to recover its annual trade balance surplus to the 12
+  billion dollars average recorded in 1984 and 1985, and which
+  dropped sharply last year to 8 billion dollars.
+      He attributed the poor performance of Brazil's trade
+  balance in 1986 to protectionist moves by industrialised
+  countries, the fall in the prices of basic goods and the crisis
+  faced by several of Brazil's Third World trade partners.
+  
+
diff --git a/reuters/training/11136 b/reuters/training/11136
new file mode 100644
index 0000000000000000000000000000000000000000..b815604d2c88b8e21377a4aeffac8ba2d174b3d4
--- /dev/null
+++ b/reuters/training/11136
@@ -0,0 +1,14 @@
+OLSON INDUSTRIES <OLSN> TO SELL EGG OPERATIONS
+  Olson Industries Inc said
+  it signed a letter of intent to sell substantially all of its
+  remaining egg operations to Sunny Fresh Foods inc.
+      Olson said it expects to receive about nine mln dlrs from a
+  combination of a sale of tangible assets to Sunny Fresh and
+  realization of intangible and other assets by Olson.
+      The transaction is expected to result in a charge for
+  discontinued operations of about two mln dlrs but is also
+  expected to generate substantial cash flow to pay off
+  egg-related indebtedness of about 7.5 mln dlrs and to further
+  improve working capital.
+  
+
diff --git a/reuters/training/11137 b/reuters/training/11137
new file mode 100644
index 0000000000000000000000000000000000000000..aa9130d4f6df0381a67f84c440e6628351cd48bc
--- /dev/null
+++ b/reuters/training/11137
@@ -0,0 +1,36 @@
+N.Z. FEBRUARY CURRENT ACCOUNT DEFICIT NARROWS
+  New Zealand's current account
+  deficit narrowed to 78 mln dlrs in February from 93 mln in
+  January and 233 mln in February 1986, in a smoothed seasonally
+  adjusted measurement, the statistics department said.
+      This is the first time current account figures have
+  appeared in a seasonally adjusted form.
+      Non-seasonally adjusted but smoothed figures show a deficit
+  of 112 mln dlrs against 144 mln in January and 281 mln in
+  February 1986.
+      Totally unadjusted figures show a deficit of 47 mln dlrs
+  against 168 mln in January and 227 mln in February 1986.
+      The smoothed seasonally adjusted series shows a surplus on
+  merchandise trade of 174 mln dlrs after 161 mln in January and
+  33 mln in February 1986.
+      Smoothed but non-seasonally adjusted figures show a
+  merchandise trade surplus of 114 mln dlrs against 81 mln in
+  January and a 47 mln dlr deficit in February 1986.
+      Unadjusted merchandise figures show a surplus of 168 mln
+  against 36 mln in January and 22 mln in February 1986.
+      The deficit on invisibles was 241 mln dlrs against 242 mln
+  in January and 250 mln in February 1986.
+      The smoothed but not seasonally adjusted deficit on
+  invisibles was 226 mln dlrs against 225 mln in January and 234
+  mln in February 1986.
+      The unadjusted deficit on invisibles was 215 mln dlrs
+  against 204 mln in January and 249 mln in February 1986.
+      Seasonally adjusted export and import figures were not
+  available but the department said they will be included in
+  future current account data.
+      Smoothed but non-seasonally adjusted exports were 924 mln
+  dlrs, unchanged from January, against 843 mln in February 1986.
+      Smoothed but non-seasonally adjusted imports were 810 mln
+  dlrs against 843 mln in January and 890 mln in February 1986.
+  
+
diff --git a/reuters/training/11139 b/reuters/training/11139
new file mode 100644
index 0000000000000000000000000000000000000000..f9cc88f9c23f904a94675b8efc5f5f7a3404541e
--- /dev/null
+++ b/reuters/training/11139
@@ -0,0 +1,5 @@
+GENCORP REJECTS UNSOLICITED TAKEOVER BID FROM AFG INDUSTRIES/WAGNER AND BROWN
+
+  GENCORP REJECTS UNSOLICITED TAKEOVER BID FROM AFG INDUSTRIES/WAGNER AND BROWN
+  
+
diff --git a/reuters/training/11143 b/reuters/training/11143
new file mode 100644
index 0000000000000000000000000000000000000000..afbdfb560d583784b22a209dc4e65e49db8fdea5
--- /dev/null
+++ b/reuters/training/11143
@@ -0,0 +1,13 @@
+GROUP SELLS STAKE IN COMDATA NETWORK <CDN>
+  A group of investment firms which
+  had once sought control of Comdata Network Inc, told the
+  Securities and Exchange Commission it sold its remaining
+  1,113,500-share, or 5.9 pct, stake in the company.
+      The group, which had owned as much as 9.5 pct of the total,
+  said it sold the stake on March 27 at 15-3/4 dlrs a share. Last
+  week it sold 455,000 Comdata shares.
+      Group members are CNI Partners, an investment partnership,
+  Mason Best Co, a Texas investment partnership, and Houston
+  Imperial Corp, a real estate development firm.
+  
+
diff --git a/reuters/training/11144 b/reuters/training/11144
new file mode 100644
index 0000000000000000000000000000000000000000..a1d2970dfdeb67ba17c90057d3aed532a69678fd
--- /dev/null
+++ b/reuters/training/11144
@@ -0,0 +1,44 @@
+GENCORP <GY> REJECTS UNSOLICITED TAKEOVER BID
+  Gencorp Inc said its board urged
+  shareholders to reject the hostile unsolicited 100 dlr a share
+  tender offer made March 18 by General Acquisition Inc, an
+  affiliate of Wagner and Brown and AFG Industries INc.
+      Gencorp also said it is developing a financially superior
+  alternative that would enable shareholders to benefit from the
+  full value of the company.
+      In a letter to shareholders, Chairman A. William Reynolds 
+  said the offer is a "highly conditional, contingently financed
+  bust-up offer" that seeks to deny shareholders the true value
+  of their investment in Gencorp.
+      Reynolds said the board reached its decision to reject the
+  offer after careful study with legal and financial advisers. He
+  said the board has authorized management to explore
+  alternatives aimed at providing shareholders with a
+  "financially superior" alternative to the general acquisition
+  offer.
+      A Gencorp spokesman, in response to questions, would not
+  comment on market speculation that the company's management may
+  develop a leveraged buyout offer of its own. He would also not
+  comment on when a better alternative might be developed.
+      Gencorp's stock has traded well above the 100 dlr offer
+  price since the tender was made. Today, Gencorp closed at
+  114-1/4, up 1-5/8.
+      Reynolds said in the letter that for the last few years,
+  Gencorp management has taken action to enhance shareholder
+  value, and the stock price and earnings have improved since he
+  joined the company.
+      Gencorp said the partnership's offer is a "bargain price"
+  acquisition that was "using financing from a syndicate of banks
+  that does not yet exist and a bridge loan from Shearson Lehman
+  brothers that shearson is not obligated to provide."
+      Reynolds also said the offer would result in a radical
+  alteration and selloff of Gencorp's assets, including Aerojet
+  General to refinance General Acquisition's borrowings with the
+  profits going to Wagner and Brown and AFG instead of
+  shareholders.
+      The letter also said the General Acquisition offer
+  "jeopardizes the security and interests" of its shareholders,
+  employees, customers, suppliers and the communities throughout
+  the country where the company's facilities are located.
+  
+
diff --git a/reuters/training/11145 b/reuters/training/11145
new file mode 100644
index 0000000000000000000000000000000000000000..6efdc6e6c51f3c6ee4b2459632543f84e6bd5e88
--- /dev/null
+++ b/reuters/training/11145
@@ -0,0 +1,22 @@
+DOME MINES LTD <DM> 4TH QTR NET
+  Shr profit 17 cts vs loss three cts
+      Net profit 14,918,000 vs loss 2,732,000
+      Revs 74.8 mln vs 54.7 mln
+      YEAR
+      Shr profit 80 cts vs profit 15 cts
+      Net profit 71.6 mln vs profit 12.2 mln
+      Revs 293.4 mln vs 222.8 mln
+      Note: 1986 fl-yr net includes extraordinary gain of 56.3
+  mln dlrs from investment sales, gain on share issue by 57
+  pct-owned Campbell Red Lake Mines Ltd <CRK> and provision for
+  decline in value of marketable securities. 1985 fl-yr net
+  includes gain of 10.1 mln dlrs.
+      1985 revs restated to exclude revenues from discontinued
+  coal mining operations.
+      Under U.S. accounting practises, Dome Mines would have
+  reported 1986 loss of 192.9 mln dlrs or 2.17 dlrs shr vs yr-ago
+  loss of 24.9 mln dlrs or 32 cts shr, reflecting different
+  principles in accounting for 22 pct stake in Dome Petroleum Ltd
+  <DMP> and 1986 oil and gas writedown.
+  
+
diff --git a/reuters/training/11149 b/reuters/training/11149
new file mode 100644
index 0000000000000000000000000000000000000000..4f2a2bc79a212b1ea25ef034b7361b75e0a4bdee
--- /dev/null
+++ b/reuters/training/11149
@@ -0,0 +1,38 @@
+U.S. SHOULD REASSESS MIDEAST POLICY - ANALYST
+  The U.S. should reassess
+  its Mideast policy in light of its rising dependence on
+  imported oil, according to Charles Ebinger of the Center for
+  Strategic and International Studies.
+       "The prospect of rising dependence on oil imports from the
+  Gulf, and the recent revelations of the Tower Commission
+  report, mandate more than ever before the need for a
+  fundamental reassessment of U.S. interests in the Middle East,"
+  Ebinger said.
+       He remarks were made in an address to the National
+  Petroleum Refiners Association meeting.
+       "Although in the short run it is difficult to see a direct
+  link between Arab anger and threats to oil supplies, in the
+  current environment it will be increasingly difficult for
+  moderate Arab leaders to be seen as friendly to U.S.
+  interests," Ebinger said.
+       Oil traders said threats to oil supplies has kept crude
+  oil prices strong recently although some believe prices will be
+  weaker if demand falls in the spring.
+      But William Randol, analyst at First Boston Corp, said
+  crude oil prices will hold  near current levels this spring.
+      There will be no spring downturn, said Randol, speaking at
+  the annual refiner meeting. He said there is a 40 pct chance
+  that crude oil prices could move higher in the second half of
+  the year, following an OPEC meeting scheduled for late June.
+      He said he expects OPEC will extend its current agreement
+  to restrict production.
+      OPEC will renew its production pricing agreement in June
+  because the value of the oil exports of the OPEC producers  has
+  declined along with the U.S. dollar, Randol said.
+      OPEC oil exports are priced in U.S. dollars, and the dollar
+  has fallen about 30 pct in the last 18 months.
+      Randol said U.S. crude oil imports will increase 3.5 to
+  four mln barrels per day by 1990 as consumption rises 1.5 to
+  two mln bpd, and supplies decline two mln bpd.
+  
+
diff --git a/reuters/training/11153 b/reuters/training/11153
new file mode 100644
index 0000000000000000000000000000000000000000..70752552dc5f9791a33042f2c0bfeb47b385d29f
--- /dev/null
+++ b/reuters/training/11153
@@ -0,0 +1,7 @@
+ENVIROSURE MANAGEMENT CORP <ENVS> 1ST QTR LOSS
+  Qtr ended Nov 30
+      Shr loss nil vs profit nil
+      Net loss 1,321,940 vs profit 128,164
+      Revs 4,582,260 vs 5,115,456
+  
+
diff --git a/reuters/training/11154 b/reuters/training/11154
new file mode 100644
index 0000000000000000000000000000000000000000..6f9b1579c17adf4d4c310a55da987e703d5047ce
--- /dev/null
+++ b/reuters/training/11154
@@ -0,0 +1,6 @@
+COMMERCIAL METALS CO <CMC> SETS QTLY DIVIDEND
+  Qtly div eight cts vs eight cts prior
+      Pay April 24
+      Record April 10
+  
+
diff --git a/reuters/training/11156 b/reuters/training/11156
new file mode 100644
index 0000000000000000000000000000000000000000..0be110dbf7db3c1da0a12896b4b469d12a931587
--- /dev/null
+++ b/reuters/training/11156
@@ -0,0 +1,8 @@
+IMPERIAL <ICA> DECLARES FIRST DIV SINCE 1981
+  Imperial Corp of America said
+  it declared a 10 cts dividend and four pct stock dividend on
+  APril 25 to holders of record April 10.
+      This is the first dividend payment since 1981, the company
+  said.
+  
+
diff --git a/reuters/training/11158 b/reuters/training/11158
new file mode 100644
index 0000000000000000000000000000000000000000..d4d60778e0482942d2ccf369e50e24ea35ed0bb0
--- /dev/null
+++ b/reuters/training/11158
@@ -0,0 +1,3 @@
+30-MAR-1987
+  30-MAR-1987
+
diff --git a/reuters/training/11159 b/reuters/training/11159
new file mode 100644
index 0000000000000000000000000000000000000000..40e55392b11ac8738e355bafa261f6f5d24960ee
--- /dev/null
+++ b/reuters/training/11159
@@ -0,0 +1,5 @@
+Japan February unemployment falls to 2.9 pct (3.0 pct in January) - official
+
+  Japan February unemployment falls to 2.9 pct (3.0 pct in January) - official
+  
+
diff --git a/reuters/training/11160 b/reuters/training/11160
new file mode 100644
index 0000000000000000000000000000000000000000..2ef26a69cca643283902ea21a52201ff3f28ef18
--- /dev/null
+++ b/reuters/training/11160
@@ -0,0 +1,31 @@
+JAPAN UNEMPLOYMENT FALLS IN FEBRUARY
+  Japan's seasonally adjusted unemployment
+  rate fell to 2.9 pct in February from the record 3.0 pct in
+  January, the government's Management and Coordination Agency
+  said.
+      The January level was the worst since the Goverment started
+  compiling unemployment statistics under the current system in
+  1953.
+      Unemployment was up from 2.8 pct a year earlier.
+      Unadjusted February unemployment totalled 1.86 mln people,
+  up from 1.82 mln in January and 1.64 mln a year earlier.
+      Male unemployment in February remained at 2.9 pct, equal to
+  the second-highest level set in January and December. Record
+  male unemployment of 3.1 pct was set in July 1986.
+      Female unemployment rose to a record 3.1 pct in February
+  from the previous record 3.0 pct marked in January 1987 and in
+  April, August, September and December last year.
+      "Japan's employment condition was still severe in February
+  as the non-rounded rate of unemployment in February fell only
+  0.03 percentage points to 2.93 pct from 2.96 pct in January," an
+  agency official said.
+      Employment in manufacturing industries fell 430,000 from a
+  year earlier to 14.22 mln people in February due to the yen's
+  continued appreciation, while employment in non-manufacturing
+  industries rose 380,000 to 12.11 mln.
+      In manufacturing industries, employment in the textile
+  industry fell 180,000 to 1.94 mln in February, while in
+  ordinary and precision machinery industries it fell 160,000 to
+  1.50 mln.
+  
+
diff --git a/reuters/training/11161 b/reuters/training/11161
new file mode 100644
index 0000000000000000000000000000000000000000..911b1f804de2cb2f1befeef1396911593ba75ecb
--- /dev/null
+++ b/reuters/training/11161
@@ -0,0 +1,29 @@
+PARTNERS CALL GENCORP<GY> RESPONSE UNPRODUCTIVE
+  General Acquisition Co said it was
+  disappointed by Gencorp's response to its tender offer and
+  questioned how the company might give better value to
+  shareholders.
+      Gencorp earlier urged shareholders to reject a 100 dlr per
+  share tender offer from the partnership, which includes Wagner
+  and Brown and AFG Industries Inc. The company said it was
+  studying financially superior alternatives.
+     The partnership called the response inflammatory and
+  unproductive, particularly since it had attempted to discuss
+  the offer with Gencorp.
+       The partnership said Gencorp failed to say how it would
+  provide a "superior value yet they continue their attempt to
+  prevent a satisfactory offer by failing to redeem their poison
+  pill." Poison pills are shareholder rights plan that make
+  takeovers more expensive.
+      Gencorp said in its statement earlier that the date its
+  rights will trade separately from the common stock was extended
+  to April six from April three. It said the extension was
+  subject to further extensions by the board and is conditioned
+  on no person aquiring beneficial ownership of 20 pct or more of
+  Gencorp prior to April six.
+      General Acquisition said it is confident its offer can be
+  completed in a timely manner using its financial arrangements.
+      The partnership in its statement again urged management to
+  work with it to facilitate a transaction.
+  
+
diff --git a/reuters/training/11162 b/reuters/training/11162
new file mode 100644
index 0000000000000000000000000000000000000000..cc1a8acbccc73ff4462f4b7cfbdbd0cb19e1bd69
--- /dev/null
+++ b/reuters/training/11162
@@ -0,0 +1,5 @@
+MIYAZAWA SAYS DOLLAR BELOW 150 YEN IS COUNTER TO PARIS ACCORD
+
+  MIYAZAWA SAYS DOLLAR BELOW 150 YEN IS COUNTER TO PARIS ACCORD
+  
+
diff --git a/reuters/training/11163 b/reuters/training/11163
new file mode 100644
index 0000000000000000000000000000000000000000..9db098de1d34c9ce2622626d7c0e851e0f79235f
--- /dev/null
+++ b/reuters/training/11163
@@ -0,0 +1,23 @@
+DLR BELOW 150 YEN COUNTER TO PARIS PACT - MIYAZAWA
+  Finance Minister Kiichi Miyazawa said he
+  regards a U.S. Dollar below 150 yen as counter to the agreement
+  struck by major nations in Paris last month.
+      He told the Upper House Budget Committee in Parliament that
+  Japan intervened in the market when the dollar went below 150
+  yen, as it considered the dollar's fall below that level
+  counter to the spirit of the Paris accord.
+      Commenting on current foreign exchange movements, Miyazawa
+  said Japan would watch developments for another couple of days.
+      Institutional investors appeared to have sold dollars to
+  hedge currency risks ahead of the end of the financial year
+  today, Miyazawa said.
+      Behind the recent dollar fall lies the market perception
+  that major nations were not doing enough to implement their
+  policies under the Paris pact, he said, noting that passage of
+  Japan's 1987/88 budget has been delayed.
+      He said that now was the time for major nations to act
+  under the Paris accord. The U.S., West Germany, France,
+  Switzerland and Britain have intervened on their own account to
+  prop up the dollar, he said. This was a concerted action.
+  
+
diff --git a/reuters/training/11164 b/reuters/training/11164
new file mode 100644
index 0000000000000000000000000000000000000000..0b503c039ca8b710b83a1492823d4cec7e3c0a6c
--- /dev/null
+++ b/reuters/training/11164
@@ -0,0 +1,5 @@
+BANK OF JAPAN BUYS DOLLARS AROUND 145.75 YEN - DEALERS
+
+  BANK OF JAPAN BUYS DOLLARS AROUND 145.75 YEN - DEALERS
+  
+
diff --git a/reuters/training/11166 b/reuters/training/11166
new file mode 100644
index 0000000000000000000000000000000000000000..55e04340820b0e416bf1882204635d802e80eecf
--- /dev/null
+++ b/reuters/training/11166
@@ -0,0 +1,9 @@
+PAKISTAN BIDS FOR IMPORT OF 100,000 TONNES SUGAR
+  Trading Corp of Pakistan Ltd said it
+  had invited tenders up to April 11, 1987 for the import of
+  100,000 tonnes of white refined crystal sugar up to June.
+      It said each cargo should consist of 15,000 tonnes. Four
+  cargoes should reach Port Bin Qasim or Karachi Port (buyers
+  option) by May 31 and the balance by June 30, 1987, it added.
+  
+
diff --git a/reuters/training/11168 b/reuters/training/11168
new file mode 100644
index 0000000000000000000000000000000000000000..266b3565cfcccc68274ecc2e1510c80a28cd933b
--- /dev/null
+++ b/reuters/training/11168
@@ -0,0 +1,15 @@
+WOODSIDE PETROLEUM LTD <WPLA.S> 1986 YEAR
+  Shr nil vs same
+      Final and yr div nil vs same
+      Pre-tax, pre-minorities loss 3.53 mln dlrs vs profit 17.40
+  mln.
+      Net attributable loss 17.14 mln dlrs vs loss 8.73 mln
+      Sales 220.84 mln vs 173.50 mln
+      Other income 17.77 mln vs 12.02 mln
+      Shrs 666.67 mln vs same.
+      NOTE - Attributable net loss is after tax 10.04 mln dlrs vs
+  18.59 mln, interest 82.36 mln vs 65.94 mln, depreciation 64.77
+  mln vs 35.74 mln and minorities 3.57 mln vs 7.55 mln but before
+  net extraordinary loss 1.22 mln vs loss 3.91 mln.
+  
+
diff --git a/reuters/training/1117 b/reuters/training/1117
new file mode 100644
index 0000000000000000000000000000000000000000..4f281bf129f58cda14877da8cc0756028a4d26c4
--- /dev/null
+++ b/reuters/training/1117
@@ -0,0 +1,6 @@
+DASA CORP <DASA> YEAR NET
+  Shr profit three cts vs loss 11 cts
+      Net profit 507,000 vs loss 1,823,000
+      Revs 11.2 mln vs 204,000
+  
+
diff --git a/reuters/training/11170 b/reuters/training/11170
new file mode 100644
index 0000000000000000000000000000000000000000..cf379668598e33f099cc01d564441903a2cf695c
--- /dev/null
+++ b/reuters/training/11170
@@ -0,0 +1,14 @@
+JAPAN HOUSING STARTS RISE IN FEBRUARY
+  Japan's housing starts in February rose
+  13.4 pct from a year earlier to 109,254, the 10th successive
+  year-on-year gain, the Construction Ministry said.
+      February housing starts were up 16.8 pct from 93,554 in
+  January when they fell 27.4 pct from a month earlier but rose
+  10.3 pct from a year earlier.
+      Higher housing starts were mainly due to a 26.8 pct
+  year-on-year rise in apartment building starts to 51,829 for
+  the 56th consecutive gain, spurred primarily by lower domestic
+  interest rates.
+   RUTER
+  
+
diff --git a/reuters/training/11171 b/reuters/training/11171
new file mode 100644
index 0000000000000000000000000000000000000000..77739a7ecd70cad798f84e0799e08453f63fee36
--- /dev/null
+++ b/reuters/training/11171
@@ -0,0 +1,25 @@
+WOODSIDE SAYS LOSS REFLECTS LOWER OIL PRICES
+  Woodside Petroleum Ltd <WPLA.S> said
+  its 1986 net loss largely reflected the drop in oil prices
+  combined with a large tax provision.
+      Woodside earlier reported attributable net loss rose to
+  17.14 mln dlrs in 1986 from 8.73 mln in 1985, although group
+  revenue rose to 220.84 mln from 173.50 mln.
+      It said it should have received a 1.7 mln dlr tax credit
+  but instead made a 10.04 mln dlr tax provision. This largely
+  related to its <Vamgas Ltd> unit, non-allowable exchange losses
+  and tax benefits from the North-West Shelf project not
+  recognised in the accounts.
+      Woodside said the rise in revenue largely reflected full
+  year sales of gas and condensate from the domestic phase of the
+  Shelf project, against six month sales in 1985.
+      Offsetting this was a 23 pct fall in the Cooper Basin gas
+  and liquids revenue of its 50.6 pct-owned Vamgas unit.
+      Since the balance date Woodside has accepted a Santos Ltd
+  <STOS.S> takeover offer for Vamgas.
+      Woodside said a 92.8 mln dlr capital profit on the sale
+  would be included in the 1987 accounts.
+      It said it lifted capital spending on fixed assets to 269.6
+  mln dlrs from 178.3 mln, mostly on the Shelf project.
+  
+
diff --git a/reuters/training/11173 b/reuters/training/11173
new file mode 100644
index 0000000000000000000000000000000000000000..e6bd37c16d26d739cbc347f42c8925fb7483cb88
--- /dev/null
+++ b/reuters/training/11173
@@ -0,0 +1,12 @@
+THAILAND EXPECTS SMALLER SUGARCANE OUTPUT
+  Thailand's sugarcane output will fall
+  to about 23.55 mln tonnes in the 1986/87 (November-October)
+  season from 24.09 mln in 1985/86, the Agriculture Ministry
+  said.
+      It said a January survey put the total area under sugarcane
+  at 545,528 hectares, down from 556,860 hectares the previous
+  year.
+      The national average yield is expected to fall to 43.17
+  tonnes/hectare from 43.22 tonnes in 1985/86, it said.
+  
+
diff --git a/reuters/training/11174 b/reuters/training/11174
new file mode 100644
index 0000000000000000000000000000000000000000..0cfac62fe47640b6fefd445a1705da47054a2d19
--- /dev/null
+++ b/reuters/training/11174
@@ -0,0 +1,19 @@
+EUROPEAN COMMUNITY TO SET UP OFFICE IN PEKING
+  China and the European Community (EC)
+  signed an agreement on the establishment of an EC office here.
+      Chinese vice-foreign minister Zhou Nan and the EC's
+  external relations commissioner, Willy De Clercq, signed the
+  accord. EC sources said the office was likely to open in the
+  second half of this year.
+      In 1986 the EC was China's third largest trading partner,
+  with Chinese imports from the EC worth 5.7 billion dlrs and
+  exports worth 2.6 billion dlrs.
+      De Clercq told the official China Daily that more joint
+  ventures should be set up in China as a way of reducing China's
+  trade deficit with the EC.
+      The EC's affairs in China are currently looked after by
+  whichever country holds the group's six-monthly rotating
+  presidency, now held by the Belgians until the Danes take over
+  in July.
+  
+
diff --git a/reuters/training/11175 b/reuters/training/11175
new file mode 100644
index 0000000000000000000000000000000000000000..d922584b246adb95566b52bb9e878c27d799c612
--- /dev/null
+++ b/reuters/training/11175
@@ -0,0 +1,61 @@
+TRADE FRICTION THREATENS TO TOPPLE NAKASONE
+  Prime Minister Yasuhiro Nakasone may have
+  been dealt a fatal political blow by the yen's renewed rapid
+  rise and the threat of a trade war with the United States,
+  political analysts said.
+      Nakasone, already under fire over an unpopular tax reform
+  plan, may now be forced to resign before the June economic
+  summit of seven industrialised nations if local elections later
+  next month go against candidates from his ruling Liberal
+  Democratic Party (LDP), they said.
+      "The close relationship between Nakasone and President
+  Reagan was an important element of Nakasone's power base,"
+  Waseda University Political Science Professor Mitsuru Uchida
+  told Reuters. "So the emergence of U.S. Criticism damages
+  Nakasone."
+      Even before the latest trade friction flared, Nakasone was
+  encountering criticism not only from opposition parties but
+  also within his own LDP over his proposal to levy a sales tax.
+      "Many factions within the LDP are distancing themselves from
+  Nakasone," Uchida said. "His position within the LDP itself is
+  not so strongly established today."
+      Nakasone, who has been more popular with the general public
+  than with many LDP members, is now seeing his public support
+  eroded, the analysts said.
+      The yen's rise to record highs and the U.S. Threat on
+  Friday to impose tariffs on Japanese electronics goods in
+  retaliation for Japan's alleged violation of a microchip trade
+  pact are now giving Nakasone's critics fresh ammunition, the
+  analysts said.
+      "Apparently the special relationship between Reagan and
+  Nakasone hasn't worked effectively," Rei Shiratori, director of
+  the Institute for Political Studies in Japan, said.
+      This is making the Japanese people doubt Nakasone's
+  credibility, Shiratori told Reuters.
+      The cumulative impact of the sales tax issue, the yen's
+  rise and mounting trade friction could mean serious LDP losses
+  in the April 11 and 26 local elections, analysts said.
+      "If the elections go against the LDP, Nakasone may have to
+  resign early," Shiratori said.
+      But Nakasone still has a chance to soothe U.S. Tempers
+  before or during his week-long Washington visit from April 29,
+  some analysts said.
+      However, "unless the Japanese political system can move more
+  quickly to give Nakasone some nice present to take to
+  Washington on smouldering trade issues, he will face a very
+  hostile audience," said Merrill Lynch Securities economist
+  William Sterling.
+      "If the trip is a major disaster, it would seem to put the
+  final nail in his coffin," he said.
+      Reagan's own weakened domestic position, and growing
+  Republican as well as Democratic anger with Japan, argue
+  against a quick settlement to the trade dispute, the analysts
+  said.
+      But a desire on both sides to find some solution, coupled
+  with uncertainty at home and abroad over likely successors to
+  Nakasone, could still lead to an attempt to paper over the
+  differences and aid Nakasone, they said.
+      "One factor against a trade war may be that Washington is
+  not anxious to push Nakasone into his grave," Sterling said.
+  
+
diff --git a/reuters/training/11177 b/reuters/training/11177
new file mode 100644
index 0000000000000000000000000000000000000000..126b066333e0d30cfaf775a01c34b4808dc47021
--- /dev/null
+++ b/reuters/training/11177
@@ -0,0 +1,63 @@
+CSR SELLING DELHI TO EXXON UNIT, DROPS DELHI FLOAT
+  CSR Ltd <CSRA.S> and Exxon Corp <XON>
+  unit <Esso Exploration and Production Australia Inc> said CSR
+  has agreed to sell its <Delhi Australia Fund> (DAF) to Esso for
+  985 mln Australian dlrs.
+      The sale is effective from tomorrow, they said in a joint
+  statement.
+      The previously announced float of part of its Delhi
+  interest will not now proceed, CSR said in the statement.
+      Delhi Australia Fund owns <Delhi Petroleum Pty Ltd>, which
+  holds an average of 25 pct in the Santos Ltd <STOS.S>-led
+  Cooper and Eromanga Basin gas and liquids projects.
+      In addition to the purchase price, CSR will share equally
+  in any returns due to increases in crude oil and condensate
+  prices over certain levels for liquids produced from Delhi's
+  interests in the next two years, the statement said.
+      "The Esso proposal to purchase all the Delhi interest will
+  be more beneficial to our shareholders than proceeding with the
+  float," CSR chief executive Bryan Kelman said in the statement.
+      Kelman said the sale of Delhi would enable CSR to focus
+  efforts on expanding business areas such as sugar and building
+  materials in which CSR has had long and successful management
+  experience and strong market leadership.
+      With the sale, CSR will be able to expand those businesses
+  more aggressively and earlier, he said.
+      As reported separately, soon after announcing the Delhi
+  sale CSR launched a takeover bid for the 68.26 pct of <Pioneer
+  Sugar Mills Ltd> that it does not already hold, valuing its
+  entire issued capital at 219.6 mln dlrs.
+      After Bass Strait, the onshore Cooper and Eromanga Basin is
+  Australia's largest oil and gas producing area with current
+  gross oil production of 45,000 barrels per day (BDP), gas
+  liquids output of 30,000 BPD and gas sales of 480 mln cubic
+  feet a day, the CSR-Esso statement said.
+      The purchase gives Esso, a 50/50 partner with The Broken
+  Hill Pty Co Ltd <BRKN.S> in the Bass Strait, its first onshore
+  production in Australia, they said.
+      Esso's chairman Stuart McGill said he hoped Esso can assist
+  in maintaining the high rate of oil and gas discoveries in the
+  Cooper-Eromanga area.
+      "These discoveries will help Australia's self-sufficiency in
+  oil reserves thereby offsetting in part the decline in Bass
+  Strait production now under way," McGill said.
+      In a separately released letter to CSR shareholders, Kelman
+  said CSR was within days of completing plans for the float of
+  CSR Petroleum when it received an offer from Esso.
+      He said CSR is convinced the sale was the correct decision
+  in view of the risks associated with the oil business.
+      The price-sharing arrangement provides for CSR to share
+  equally with Esso in higher returns if oil prices average more
+  than 20 U.S. Dlrs a barrel in the next two years, he said.
+      Kelman said a revaluation of CSR's investment in Delhi to
+  net realisable value as of today, CSR's annual balance-date,
+  will result in an extraordinary loss of 97 mln dlrs.
+      However, revaluations and profits on sales of other assets
+  will significantly reduce this loss, he said.
+      He also said that CSR is sufficiently encouraged by future
+  prospects and the opportunity to reposition the group in core
+  businesses to foreshadow an increase in final dividend payable
+  in July to 10 cents from nine to make an annual 19 cents
+  against 18 in 1985/86.
+  
+
diff --git a/reuters/training/11179 b/reuters/training/11179
new file mode 100644
index 0000000000000000000000000000000000000000..2247e6640ada371cecd3ed07fd81948786ebc43b
--- /dev/null
+++ b/reuters/training/11179
@@ -0,0 +1,22 @@
+JAPAN TO PAY FIVE PCT LESS FOR INDIAN IRON ORE
+  Japan will pay five pct less for the
+  Indian iron ore it imports in fiscal 1987/88 starting April 1
+  than the average 18 dlrs a tonne it paid in 1986/87, a
+  government trade official told Reuters.
+      He said India had agreed to export to Japan about 23 mln
+  tonnes of iron ore in 1987/88, about the same as in the current
+  year.
+      The official described the agreement as satisfactory
+  overall. He said it was signed by an official Indian trade
+  delegation and Japanese businessmen in Tokyo last week.
+      The official said it was encouraging that Japan had agreed
+  not to reduce ore imports from India although Japan's total
+  iron ore imports would be lower in the coming year because of
+  the recession in the Japanese steel industry.
+      He said Japanese ore imports in calendar 1987 would total
+  96 mln tonnes, compared with 103.5 mln in 1986.
+      Government officials said India's total ore exports are
+  likely to rise to between 33 and 34 mln tonnes in 1987/88,
+  against a provisionally estimated 31 mln in 1986/87.
+  
+
diff --git a/reuters/training/1118 b/reuters/training/1118
new file mode 100644
index 0000000000000000000000000000000000000000..d079d93e84b149eb9edd69da786c2de6568ea5f5
--- /dev/null
+++ b/reuters/training/1118
@@ -0,0 +1,14 @@
+GROUP TRIMS MATERIAL SCIENCES <MSC> STAKE
+  An investor group led by Central
+  National-Gottesman Inc, a New York investment firm, and its
+  executive vice president, Edgar Wachenheim, said they cut their
+  stake in Material Sciences Corp to less than five pct.
+      In a filing with the Securities and Exchange Commission,
+  the group said it sold 19,500 Material Sciences common shares
+  between Feb 11 and 19 at prices ranging from 24.00 to 27.648
+  dlrs a share, leaving it with 239,500 shares, or 4.7 pct.
+      As long as the group's stake remains below five pct, it is
+  not required to disclose further dealings in Material Sciences
+  common stock.
+  
+
diff --git a/reuters/training/11181 b/reuters/training/11181
new file mode 100644
index 0000000000000000000000000000000000000000..8ecc3a4d5e876a8ef7cbb35c2d61c58369fa89d2
--- /dev/null
+++ b/reuters/training/11181
@@ -0,0 +1,33 @@
+COMMERZBANK INCREASES DIVIDEND, PARENT NET PROFIT
+  Commerzbank AG <CBKG.F> said a
+  dividend of nine marks would be proposed for ordinary
+  shareholders on 1986 earnings after eight in 1985.
+      It added in a statement that parent net profit rose to
+  288.2 mln marks in 1986 from 221.7 mln the prior year.
+      A Commerzbank spokesman noted the figures were,however,
+  preliminary and required approval of the bank's supervisory
+  board which meets today.
+      The Commerzbank statement added the distributable profit
+  last year rose to 228.2 mln marks from 161.7 mln in 1985.
+      With inclusion of the corporate tax allowance, qualifying
+  domestic shareholders would receive an effective dividend of
+  14.06 marks per share.
+      Total dividend payout would rise to 186.8 mln marks from
+  142.0 mln on 1985 earnings due to the increase in the dividend
+  and in equity capital, it added.
+      From the parent net profit, 60 mln marks would be placed in
+  published reserves, unchanged from the two prior years.
+      The shareholders' meeting take place on May 22 in Hamburg.
+      The statement said holders of Commerzbank participation
+  certificates in a total nominal value of 425 mln marks would
+  receive the remaining 41.4 mln marks of the distributable
+  profit. Aside from the basic payment of 8.25 pct of nominal
+  value, certificate holders would receive an additional 1.5 pct.
+      The management board of the bank would also propose two
+  capital measures to shareholders in order to be able to react
+  quickly to new challenges.
+      It would ask for authorised capital of a nominal 200 mln
+  marks for the issue of new shares and for 300 mln for the issue
+  of warrant bonds, both for the period until April 30, 1992.
+  
+
diff --git a/reuters/training/11183 b/reuters/training/11183
new file mode 100644
index 0000000000000000000000000000000000000000..fce3002766310bd50e125b7dc5275e83364ec2c7
--- /dev/null
+++ b/reuters/training/11183
@@ -0,0 +1,21 @@
+INDIA REDUCES EXPORT DUTY ON COFFEE
+  India cut the export duty on coffee
+  to 330 rupees per 100 kg from 600 rupees, effective March 23, a
+  Coffee Board official said.
+      The reduction should help India reach its coffee export
+  target of 90,000 tonnes in fiscal 1987/88 ending March 31,
+  against provisionally estimated exports of 75,000 tonnes in
+  1986/87 and an actual 99,254 tonnes in 1985/86, he said.
+      India is likely to press for international export quotas at
+  a meeting of coffee producers in London this week because of
+  depressed prices, he added.
+      The International Coffee Organisation, which represents
+  both consumers and producers, has so far failed to reach
+  agreement on quotas.
+      India feels it will be useful to have quotas now because
+  the slide in prices is unlikely to be halted immediately, he
+  said.
+      Export quotas were suspended in February 1986 when market
+  prices surged after a drought devastated Brazil's coffee crop.
+  
+
diff --git a/reuters/training/11185 b/reuters/training/11185
new file mode 100644
index 0000000000000000000000000000000000000000..205a0631cf8d4f4b923a309bae080fb036f6825b
--- /dev/null
+++ b/reuters/training/11185
@@ -0,0 +1,9 @@
+SWEDISH CURRENT ACCOUNT DEFICIT RISES IN JANUARY
+  Sweden's balance of payments on
+  current account showed a deficit of 500 mln crowns in January
+  after a shortfall of 100 mln in December, Central Bank figures
+  showed.
+      This compared with a deficit of 1.3 billion in January
+  1986, the Bank said.
+  
+
diff --git a/reuters/training/11190 b/reuters/training/11190
new file mode 100644
index 0000000000000000000000000000000000000000..32c56c93c51a3d58d611466cabf65f66a308d321
--- /dev/null
+++ b/reuters/training/11190
@@ -0,0 +1,19 @@
+WORLD ZINC STOCKS FALL 7,700 TONNES IN FEBRUARY
+  World closing stocks of primary zinc
+  at smelters, excluding Eastern Bloc countries, fell 7,700
+  tonnes in February to 459,100 tonnes from 466,800 (revised from
+  449,600) in January, compared with 403,700 in February 1986,
+  provisional European Zinc Institute figures show.
+      February closing stocks of primary zinc at European
+  smelters, excluding Yugoslavia, fell 4,500 tonnes to 160,000
+  from 164,500 (revised from 164,300) in January, compared with
+  126,700 in February 1986.
+      Total world zinc production, excluding Eastern Bloc
+  countries, fell to 390,800 tonnes in February from 419,900
+  (revised from 419,600) in January. February 1986 production was
+  378,600 tonnes.
+      European zinc production, including estimates for
+  Yugoslavia, fell to 152,900 tonnes in February from 164,200 in
+  January, compared with 156,400 in February 1986.
+  
+
diff --git a/reuters/training/11191 b/reuters/training/11191
new file mode 100644
index 0000000000000000000000000000000000000000..28a5fa4a3116a8cc4ee7c293cb31d13028bfe937
--- /dev/null
+++ b/reuters/training/11191
@@ -0,0 +1,11 @@
+FINNISH ECONOMIC GROWTH PUT AT THREE PCT IN 1987
+  Finland's gross national product is
+  expected to rise by three pct in 1987 against two pct in 1986
+  and inflation will be unchanged at about 3.5 pct, the private
+  business survey office ETLA predicted.
+      Unemployment in 1987 is put at 5.5 pct, in line with last
+  year, the office predicted in its regular review.
+      The balance of payments would show a five billion markka
+  deficit in 1987, against a 4.2 billion deficit in 1986.
+  
+
diff --git a/reuters/training/11192 b/reuters/training/11192
new file mode 100644
index 0000000000000000000000000000000000000000..55e39f54aa4c94df86b94e1ee9f94f95aae08dfc
--- /dev/null
+++ b/reuters/training/11192
@@ -0,0 +1,22 @@
+SHANDWICK BUYS LOS ANGELES PR COMPANY
+  Public Relations consultancy <Shandwick
+  Plc> said it had agreed to buy the Los Angeles-based <Rogers
+  and Cowan Inc> which specialises in the entertainment industry.
+      A total of 2.25 mln dlrs is payable on completion, 1.5 mln
+  will be injected into the business through an interest free
+  loan and the expenses of the acquisition amount to 660,000 stg.
+      Shandwick said it would raise 5.1 mln stg through the
+  placing of 1.16 mln shares to finance the deal, with the
+  balance of 2.04 mln stg used to strengthen the balance sheet
+  and in anticipation of future performance-related payments.
+      In the year to end-September Rogers' operating income was
+  more than 10 mln dlrs. After the acquisition Shandwick's U.S.
+  Operating income will be comparable to that it earns in the
+  U.K.
+      Rogers' estimated that pretax profit in the year to
+  end-1987 would exceed 900,000 dlrs. An extraordinary loss of
+  504,000 dlrs in 1986 resulted from the write off of assets.
+      Net tangible assets at end-September were 363,000 dlrs.
+      Shandwick shares were unchanged at 460p.
+  
+
diff --git a/reuters/training/11193 b/reuters/training/11193
new file mode 100644
index 0000000000000000000000000000000000000000..42b4d7bb2a725f9ccf55d939be5f13526b64e812
--- /dev/null
+++ b/reuters/training/11193
@@ -0,0 +1,8 @@
+U.K. MONEY MARKET OFFERED EARLY ASSISTANCE
+  The Bank of England said it had invited
+  an early round of bill offers from the discount houses after
+  forecasting a very large shortage of around 1.75 billion stg in
+  the money market today.
+   MORE
+  
+
diff --git a/reuters/training/11196 b/reuters/training/11196
new file mode 100644
index 0000000000000000000000000000000000000000..f54234f3101e29caa40de3e7c7f2e5ab03126737
--- /dev/null
+++ b/reuters/training/11196
@@ -0,0 +1,20 @@
+HUTCHISON ANNOUNCES BONUS ISSUE OF NEW "B" SHARES
+  Hutchison Whampoa Ltd <HWHH.H>
+  announced a bonus issue of one new "B" share of 2.5 H.K. Cents
+  each for every two existing ordinary shares of 25 cents a share
+  par value.
+      A company statement said Hutchison forecast 1987 dividends
+  for existing shares of not less than 32.5 cents a share and not
+  less than 3.25 cents for each "B" share.
+      Hutchison said the new issue will help increase flexibility
+  when it is planning future expansion moves or making
+  acquisitions without affecting the existing control structure
+  of the group.
+      "The move will provide long term stability to ensure
+  continuity of overall control of the Hutchison group in that it
+  provides Hutchison with a stable framework within which
+  management, development and the planned growth of the group's
+  businesses can take place," it added.
+      Hutchison shares lost one dlr to end at 53 dlrs each today.
+  
+
diff --git a/reuters/training/11197 b/reuters/training/11197
new file mode 100644
index 0000000000000000000000000000000000000000..814536e7b4beb1082e19ea79a36ef900419dab2b
--- /dev/null
+++ b/reuters/training/11197
@@ -0,0 +1,13 @@
+ITALIAN CONSUMER PRICES RISE 0.4 PCT IN MARCH
+  Italy's consumer price index rose 0.4 pct
+  in March compared with February after an identical increase in
+  February over January, the national statistics institute Istat
+  said.
+      The year-on-year rise in March was 4.2 pct, unchanged on
+  February and compared with 7.2 pct in March 1986.
+      Istat said its consumer price index for the families of
+  workers and employees, base year 1985 equals 100, registered
+  109.5 in March 1987 compared with 109.1 in February this year
+  and 105.1 in March 1986.
+  
+
diff --git a/reuters/training/11198 b/reuters/training/11198
new file mode 100644
index 0000000000000000000000000000000000000000..22e667e24fb560d3acf17f0708835e69278373df
--- /dev/null
+++ b/reuters/training/11198
@@ -0,0 +1,73 @@
+ EUROPE ON SIDELINES IN U.S-JAPAN MICROCHIP ROW
+  Rising imports of Japanese-made cars and
+  electronic goods may upset West European officials, but they
+  generally seem prepared to stay on the sidelines in the latest
+  trade row between the United States and Japan.
+      Japan's huge trade surplus is a sore point in West Europe,
+  as it is in the United States. But U.S. Charges of unfair trade
+  practices involving computer microchips leave Europeans cold.
+      The European Community ran a 18.2 billion dlr trade deficit
+  with Japan last year, and seeks redress when it feels Japanese
+  trade policy hurts Europeans, diplomats and economists said.
+      But only in Britain has there been any suggestion of acting
+  with the U.S. To do something about Japan's huge trade surplus.
+      "The EC is no more illiberal on trade issues than is the
+  U.S.," said Martin Wolf, director of studies at the Trade Policy
+  Research Centre in London. "Basically, their policies are pretty
+  much the same."
+      But that did not mean Europe would support the U.S., Or
+  that the EC would climb on the bandwagon to take advantage of
+  the U.S. Dispute to press its own claims, Wolf said.Basically,
+  Europeans have a different approach to trade problems, he said.
+      "In the U.S., People talk about fair trade, but not here," he
+  added. "In the U.S., It all has to do with the general ethic of
+  free competition, while in Europe, the general approach is that
+  liberal trade is good because it makes countries rich."
+      Wolf said this basic U.S. Attitude explains Washington's
+  tendency to impose so-called "countervailing duties" - an import
+  tax designed to offset advantages alleged to be unfair.
+      In Western Europe, the approach to trade disputes tends to
+  be to try to reach a settlement through negotiation, Wolf said.
+      In the latest U.S.-Japan trade row, President Reagan has
+  threatened to raise tariffs on selected Japanese electronic
+  goods by as much as 300 mln dlrs, alleging that Japan has
+  failed to abide by a 1986 U.S.-Japan pact on microchip trade.
+      But the European Community has challenged the agreement as
+  a violation of General Agreement on Tariffs and Trade (GATT)
+  practices that discriminates against its microchip producers.
+      "It follows that they're not likely to rally to the side of
+  the United States in defence of the agreement," said Wolf.
+      Although British parliamentarians are pushing for a tough
+  line on Japanese trade issues, government officials in the rest
+  of Europe told Reuter correspondents they would let the EC take
+  the lead in any response to the U.S.-Japan trade row.
+      A spokeswoman for the EC Commission in Brussels told
+  Reuters there has been no change in the Community's position
+  since a March 16 meeting of foreign ministers which sent a
+  strong warning to Tokyo on trade imbalances.
+      In a statement issued after that meeting, EC foreign
+  ministers deplored Japan's continued trade imbalance and
+  appealed for a greater Japanese effort to open up its markets.
+      EC External Trade Commissioner Willy De Clercq said after
+  the talks there was a growing impatience with Japan in the EC.
+      Diplomats accredited to the EC in Brussels said they saw no
+  signs of any immediate intention to impose any broad-ranging
+  sanctions against Japan. The EC is anxious to avoid provoking a
+  trade war, they said.
+      Instead, the Community is trying to target problem areas in
+  European trade with Japan, including wines and spirits,
+  cosmetics, and financial services, and will continue talking to
+  try to improve the situation, the diplomats said.
+      In Britain, where the government is angered over the
+  difficulties telecommunications giant Cable and Wireless has
+  faced in its bid to crack the Japanese market, officials said
+  last week that retaliatory action is being considered.
+      But government officials said last night, "We are not
+  talking about days or weeks. This is going to take time."
+      They said the government would consider its options at a
+  cabinet meeting on Thursday, but added that no final decisions
+  were expected. The main thing the British would threaten the
+  Japan with is denial of access to London's booming financial
+  markets, government officials said.
+  
+
diff --git a/reuters/training/1120 b/reuters/training/1120
new file mode 100644
index 0000000000000000000000000000000000000000..067a222e07d0de45c8450c324b9751032d0bf56b
--- /dev/null
+++ b/reuters/training/1120
@@ -0,0 +1,5 @@
+FED SETS 1.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+
+  FED SETS 1.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+  
+
diff --git a/reuters/training/11200 b/reuters/training/11200
new file mode 100644
index 0000000000000000000000000000000000000000..d0a6911c2e55b3d0002b780ab774da9f8ba6b4bc
--- /dev/null
+++ b/reuters/training/11200
@@ -0,0 +1,14 @@
+U.K. MONEY MARKET GETS 1.14 BILLION STG EARLY HELP
+  The Bank of England said it had provided
+  the money market with 1.143 billion mln stg assistance in
+  response to an early round of bill offers from the discount
+  houses.
+      Earlier, the Bank forecast the system would face a very
+  large deficit today of around 1.75 billion stg.
+      The central bank purchased bank bills outright comprising
+  393 mln stg in band one at 9-7/8 pct, 649 mln stg in band two
+  at 9-13/16 pct and 85 mln stg in band three at 9-3/4 pct.
+      In addition it bought 16 mln stg of local authority bills
+  in band two at 9-13/16 pct.
+  
+
diff --git a/reuters/training/11201 b/reuters/training/11201
new file mode 100644
index 0000000000000000000000000000000000000000..91b7254baa98bdca6e43bf70d57cf126957aa1a3
--- /dev/null
+++ b/reuters/training/11201
@@ -0,0 +1,12 @@
+LONDON INT'L SELLING HOT WATER BOTTLE UNIT
+  London International Group Plc <LONL.L>
+  said it had agreed to sell its <Haffenden Moulding Co Ltd> unit
+  to <Melton Medes Ltd> for 2.1 mln stg.
+      Haffenden is a moulder of hot water bottles and also
+  produces a variety of rubber and plastic mouldings. The book
+  value of its assets is 4.4 mln stg.
+      LIG said the disposal was part of its strategy of
+  concentrating on its core activities.
+      LIG shares were one penny firmer at 277p.
+  
+
diff --git a/reuters/training/11202 b/reuters/training/11202
new file mode 100644
index 0000000000000000000000000000000000000000..3cb441e7a5f47e52da311d67438219140ebe6f71
--- /dev/null
+++ b/reuters/training/11202
@@ -0,0 +1,23 @@
+CABLE SHARES FIRM ON JAPAN SPECULATION
+  Shares in Cable and Wireless Plc
+  <CAWL.L> firmed in morning trading on market speculation that
+  its participation in a joint telecommunications venture in
+  Japan would not be curtailed, dealers said.
+      The company's shares were quoted at 372p at 0915 GMT
+  compared with 364p last night.
+      The dealers said the speculation appeared to originate in
+  Japan. Cable has said it is resisting attempts by the
+  Federation of Economic Organisations to merge two Japan-based
+  telecommunications firms, a move which would have cut Cable's
+  stake from 20 pct in one to three pct in the merged unit.
+      However, the dealers were uncertain exactly how the dispute
+  over the shareholdings had been resolved.
+      British prime minister MargaretThatcher said in parliament
+  last week that she regarded Cable and Wireless's participation
+  in the Japanese venture as a test case of how open the Japanese
+  telecommunications market really was.
+      A spokesman for Cable said he was unaware if the
+  speculation had any foundation. Cable itself had issued no
+  statement today on the issue.
+  
+
diff --git a/reuters/training/11203 b/reuters/training/11203
new file mode 100644
index 0000000000000000000000000000000000000000..af5aa21784aba6b08218698ffa670dadc061b4a2
--- /dev/null
+++ b/reuters/training/11203
@@ -0,0 +1,53 @@
+BANK OF JAPAN MULLS OTHER OPTIONS TO STOP YEN RISE
+  Today's liberalised financial markets are
+  making it extremely difficult for Japan's monetary authorities
+  to prevent the yen's rise against the dollar, but they have
+  several options other than normal intervention, Bank of Japan
+  sources said.
+      A senior central bank official said that such methods as
+  controlling foreign exchange deals and invoking currency swap
+  agreements with other central banks, which have not been
+  invoked since 1978, are all being considered.
+      "But the time may not be ripe," he said.
+      "In this era of financial liberalisation, it's almost
+  impossible to control the flow of capital in and out of Japan,"
+  said another senior bank official.
+      But the first official said: "From a technical viewpoint,
+  the Bank of Japan could activate swap agreements immediately
+  after other central banks involved agreed to do so."
+      A swap agreement, an exchange of currency between two
+  nations, allows both sides to acquire a ready source of the
+  other's currency in case of need.
+      "If the Bank invokes such swaps, both parties would announce
+  the decision jointly," said the first official.
+      The sources said they believed the limit of currency market
+  intervention may be being reached after they saw recent
+  concerted market action by central banks of major industrial
+  nations was increasingly ineffective in propping up the
+  battered dollar.
+      But intervention is at least an option, they said. Further
+  easing of monetary policy will be very difficult with an
+  official discount rate already at a record low of 2.5 pct, they
+  said.
+      Bank of Japan Governor Satoshi Sumita has repeatedly ruled
+  out another rate cut due to fears it could revive inflation.
+      One bank official said he could not deny the possibilty of
+  the Bank of Japan activating currency swap agreements with the
+  U.S. And other central banks, if these banks continue
+  intervening to sell the yen in support of the dollar and run
+  out of their yen cash positions.
+      "But we don't think they have become short of yen quite yet,"
+  he said.
+      The bank has established a five billion dlr swap limit with
+  the U.S. Federal Reserve and another 2.5 billion mark and 200
+  billion yen limit with the West German and Swiss central banks,
+  according to the sources.
+      Foreign exchange dealers estimate the Fed had sold two
+  billion dlrs worth of yen from its own account to support the
+  dollar in New York last week.
+      The central bank sources also said Japan may arrange other
+  currency swap agreements with Britain and France if they find
+  it necessary, but added they are not actually talking with each
+  other towards that end.
+  
+
diff --git a/reuters/training/11205 b/reuters/training/11205
new file mode 100644
index 0000000000000000000000000000000000000000..16f83f4e3ac7d7bb489a6d3bc2e796467ab2c951
--- /dev/null
+++ b/reuters/training/11205
@@ -0,0 +1,14 @@
+AKZO REVISES 1986 PROFIT UP SLIGHTLY
+  Dutch chemicals group
+  Akzo NV <AKZO.AS> said in its annual report it had revised its
+  1986 net profit figure up to 842 mln guilders from a
+  provisional 840 mln guilders announced in January.
+      The turnover figure was unchanged at 15.62 billion
+  guilders.
+      Akzo said it would be difficult to maintain this profit
+  level in 1987 but it expected positive developments "in the
+  longer term."
+      Profits in 1985 totalled 843 mln guilders on a turnover of
+  18.01 billion.
+  
+
diff --git a/reuters/training/11208 b/reuters/training/11208
new file mode 100644
index 0000000000000000000000000000000000000000..937c0c7a4cc4ffb58c7d09bf9a59b22147c2973f
--- /dev/null
+++ b/reuters/training/11208
@@ -0,0 +1,13 @@
+U.K. WHEAT AND BARLEY EXPORTS ADJUSTED UPWARDS
+  The U.K. Exported 612,000 tonnes of
+  wheat and 498,800 tonnes of barley in February, the Home Grown
+  Cereals Authority (HGCA) said.
+      Based on the previous provisional figures issued for
+  February, wheat exports were increased by 480,200 tonnes and
+  barley by 283,800 tonnes.
+      The new figures bring cumulative wheat exports for the
+  period July 1-March 13 to 3.66 mln tonnes and barley to 3.50
+  mln, compared with 1.47 and 2.09 mln tonnes respectively last
+  season.
+  
+
diff --git a/reuters/training/11209 b/reuters/training/11209
new file mode 100644
index 0000000000000000000000000000000000000000..743d2b1c1e0e666077442aa22727d1485d5be93f
--- /dev/null
+++ b/reuters/training/11209
@@ -0,0 +1,34 @@
+S. KOREA MINISTER TO VISIT U.S. FOR CURRENCY TALKS
+  South Korea's Finance Minister Chung
+  In-yong will visit U.S. Treasury Secretary James Baker next
+  week to discuss U.S. Requests for an appreciation of South
+  Korea's won against the dollar, finance ministry officials
+  said.
+      They said Chung would leave for Washington on Monday to
+  attend the International Monetary Fund's (IMF) Interim
+  Committee meeting and for talks with U.S. Officials on ways of
+  reducing Seoul's trade surplus with Washington.
+      The dates for the Baker-Chung meeting have yet to be set.
+      The IMF committee meeting, scheduled for April 9, is
+  expected to review the resolution reached by the six top
+  industrialised nations in Paris last month calling for newly
+  industrialised countries, such as South Korea and Taiwan, to
+  allow their currencies to rise.
+      The official said Chung is expected to outline Seoul's
+  efforts to increase imports of U.S. Goods and to stress the
+  need for South Korea to maintain a trade surplus in the next
+  few years in order to cut foreign debts totalling some 44.5
+  billion dlrs.
+      South Korea has ruled out a major revaluation of the won,
+  but is allowing its currency to appreciate slowly.
+      Trade Minister Rha Woong-bae told the U.S. Chamber of
+  Commerce earlier this month a sudden won revaluation could
+  result in South Korea running a large trade deficit and being
+  forced to renege on its international debt repayments.
+      The Bank of Korea, the central bank, today fixed the won at
+  a two-year high of 846.90. The won has gained 5.1 pct since the
+  beginning of 1986.
+      South Korea's trade surplus with the U.S. Rose to 7.1
+  billion dlrs last year from 4.3 billion in 1985.
+  
+
diff --git a/reuters/training/11210 b/reuters/training/11210
new file mode 100644
index 0000000000000000000000000000000000000000..0d5f287b3100a1038942e18f77a1de2919ae3825
--- /dev/null
+++ b/reuters/training/11210
@@ -0,0 +1,14 @@
+ADSTEAM TO ACQUIRE 49 PCT OF U.K. PROPERTY COMPANY
+  The Adelaide Steamship Co Ltd <ADSA.S>
+  (Adsteam) said it will subscribe to 30 mln shares in listed
+  British property developer, <Markheath Securities Plc>, at 60p
+  each, subject to shareholder approval.
+      The subscription, expected to take place in May, will give
+  Adsteam 49 pct of Markheath, Adsteam said in a statement.
+      Adsteam's managing director John Spalvins will become
+  chairman of Markheath and two other Adsteam nominees will join
+  its board. "We hope that in time Markheath will become a
+  significant property and industrial company in the same style
+  as Adsteam," Spalvins said in the statement.
+  
+
diff --git a/reuters/training/11211 b/reuters/training/11211
new file mode 100644
index 0000000000000000000000000000000000000000..f1b91331c7641c3068954f5e057055209b54cb04
--- /dev/null
+++ b/reuters/training/11211
@@ -0,0 +1,12 @@
+NIPPON COLUMBIA TO MAKE BONUS STOCK ISSUES
+  Nippon Columbia Co Ltd <NCOL.T> will make
+  a one-for-20 bonus stock issue on July 14 to pay back remaining
+  premiums accumulated by 4.5 mln shares issued at market price
+  through public placement in September 1980, a spokesman said.
+      The bonus issue will bring its outstanding capital shares
+  to 65.02 mln from 61.92 mln as at March 31 1987. It is open to
+  shareholders registered on May 31.
+      Nippon Columbia's share price fell 20 to 1,260 yen on the
+  Tokyo Stock Exchange today.
+  
+
diff --git a/reuters/training/11212 b/reuters/training/11212
new file mode 100644
index 0000000000000000000000000000000000000000..3bc30eb521862cb997043af6a78529742ee07881
--- /dev/null
+++ b/reuters/training/11212
@@ -0,0 +1,14 @@
+BUNDESBANK HAS NOT INTERVENED TODAY, DEALERS
+  The Bundesbank declined to comment on
+  rumours in Tokyo that it was intervening heavily to support the
+  dollar, but dealers here said they had not seen the German
+  central bank in the market all morning.
+      The dollar was quoted at around 1.8040 marks shortly after
+  midday in nervous but quiet trading, up from its 1.7975/85
+  opening.
+      Spreads against the mark remained around 10 basis points,
+  with some banks quoting only five point spreads. Dealers said
+  spreads would widen and the dollar would move more sharply if
+  the Bundesbank did intervene.
+  
+
diff --git a/reuters/training/11213 b/reuters/training/11213
new file mode 100644
index 0000000000000000000000000000000000000000..12f5b4abffb5ea7cc7c7d222b35614883aa7b37c
--- /dev/null
+++ b/reuters/training/11213
@@ -0,0 +1,67 @@
+ANALYSTS APPLAUD CSR'S BOLD MOVE TO SELL DELHI
+  CSR Ltd <CSRA.S> has made a bold move in
+  selling its oil and gas interests for almost a billion dlrs and
+  ploughing 150 mln into its traditional sugar business, share
+  analysts said.
+      "It sounds like a good deal," Stuart McKibbin of <A.C. Goode
+  and Co> told Reuters.
+      CSR said it had dropped plans to float its oil and gas
+  interests held in the <Delhi Australia Fund> and would instead
+  sell it to Exxon Corp <XON> unit <Esso Exploration and
+  Production Australia Inc> for 985 mln dlrs.
+      In a twin announcement CSR, already Australia's largest
+  sugar refiner, made a 2.20 dlr a share bid for the 70 pct it
+  does not already hold in <Pioneer Sugar Mills Ltd>.
+      "This will be a big shock to the market, which was under the
+  impression that CSR was well down the road to floating Delhi,"
+  McKibbin said.
+      A float of part of Delhi would have raised between 200 and
+  300 mln dlrs, but in opting to sell outright, CSR had given
+  itself the cash to practically eliminate its debt and embark on
+  an ambitious expansion programme in its best-performing
+  divisions of sugar and building products, analysts said.
+      CSR not only gets the 985 mln dlrs but also has the right
+  to share equally with Esso any higher returns resulting from an
+  oil price over 20 U.S. Dlrs a barrel in the next two years.
+      Delhi is one of Australia's largest onshore oil producers
+  yielding about six mln barrels a year from the Cooper Basin.
+  Analysts said the deal could net CSR as much as three mln dlrs
+  for every dollar rise in the oil price above 20 dlrs.
+      Neale Goldston-Morris of Sydney broker <Bain and Co Ltd>
+  said the move out of Delhi and investment in the sugar industry
+  was a sensible one but added that it represented the loss of
+  Australian-owned assets to a foreign company.
+      "The farm they bought back a few years ago is being sold
+  back to the Americans," Goldston-Morris said.
+      The Pioneer Sugar investment would make CSR by far the
+  largest player in Australia's 850 mln dlr a year sugar industry
+  and would give it access to some of the best sugar properties
+  and mills in the country, analysts said.
+      They said Pioneer Sugar was expected to recommend
+  acceptance of the bid through which CSR would benefit from the
+  bottom out of a cyclical downturn in sugar prices.
+      Sugar prices are forecast to rise to 340 dlrs a tonne next
+  season from an estimated 270 dlrs this year, they said.
+      Selling Delhi meant CSR has finally quit a damaging
+  investment, made in 1981, which has dragged down the company's
+  overall performance, analysts said.
+      CSR last year wrote off more than 550 mln dlrs in losses on
+  what had been a 591 mln U.S. Dlr investment financed entirely
+  from U.S. Dollar debt, they said.
+      "It was a bad investment for them. They financed it entirely
+  with debt, the currency collapsed on them and then the oil
+  price collapsed on them," Owen Evans of Sydney broker <Meares
+  and Philips Ltd> said.
+      Esso not only picked up Delhi's oil and gas output but also
+  gained as much as 300 mln dlrs in transferable tax losses
+  accumulated in exploration allowances and other concessions.
+      Analysts said Esso also gained its first real onshore stake
+  in Australia in its first major diversification from the 50/50
+  Bass Strait partnership with The Broken Hill Pty Co Ltd
+  <BRKN.S>.
+      "Esso has been very keen to diversify from the Gippsland
+  Basin. They haven't found too much oil in Bass Strait lately
+  and Esso needed a large pool of ongoing production,"
+  Goldston-Morris said.
+  
+
diff --git a/reuters/training/11216 b/reuters/training/11216
new file mode 100644
index 0000000000000000000000000000000000000000..d8b3d45276dc2c1173068ca9a7bf6c68d198f89c
--- /dev/null
+++ b/reuters/training/11216
@@ -0,0 +1,14 @@
+DROUGHT THREAT EASES IN SOUTH CHINA PROVINCE
+  Rainfall in the past few days has eased
+  the threat of drought in the south China province of Guangdong,
+  the New China News Agency said.
+      It said 75 pct of early rice fields are ready to be planted
+  and seedlings have already been transplanted on 90 pct of rice
+  fields in Hainan island. Some 840,000 hectares of farmland have
+  been planted with cash crops including sugar cane, peanuts and
+  soybeans, 67,000 ha more than in 1986.
+      The provincial government has increased investment in grain
+  and taken effective measures to combat natural disasters this
+  year, the agency said, but gave no further details.
+  
+
diff --git a/reuters/training/1122 b/reuters/training/1122
new file mode 100644
index 0000000000000000000000000000000000000000..907c60e100c7a15795e187cb96289b81cdabdd1f
--- /dev/null
+++ b/reuters/training/1122
@@ -0,0 +1,8 @@
+ADC TELECOMMUNICATIONS INC <ADCT> 1ST QTR NET
+  Periods ended Jan 31
+      Shr 28 cts vs 35 cts
+      Net 2,374,000 vs 2,987,000
+      Sales 35.2 mln vs 34 mln
+      Backlog 36.8 mln vs 33.9 mln
+  
+
diff --git a/reuters/training/11220 b/reuters/training/11220
new file mode 100644
index 0000000000000000000000000000000000000000..10453822beadfcdbec7456f3b57de8deac3aecfb
--- /dev/null
+++ b/reuters/training/11220
@@ -0,0 +1,20 @@
+KLEINWORT BENSON LONSDALE PLC <KBLL.L> YEAR 1986
+  Shr 53.05p vs 45.79p adjusted
+      Div 8.7p making 14p vs 12p adjusted
+      Pretax profit 78.84 mln stg vs 60.31 mln
+      Net after tax 50.71 mln vs 40.54 mln
+      Extraordinary credit after tax 43.19 mln vs nil
+      Note - The extraordinary credit represents substantitally
+  the after tax profit on sale of company's interest in M and G
+  Group Plc. After providing for the final dividend, retained
+  earnings were 80.07 mln vs 29.90 mln in 1985.
+      Merchant and investment banking 81.47 mln vs 63.22 mln
+      Bullion broking 4.75 mln vs 3.02 mln
+      U.S. Government security dealing 2.94 mln vs loss 329,000
+      Investment management and unit trusts 10.62 mln vs 7.88 mln
+      Other activities loss 3.12 mln vs profit 1.42  mln
+      Interest on loan capital 17.82 mln vs 14.90 mln.
+      Disclosed shareholders funds 365 mln vs 286 mln
+      Disclosed capital resources available 626 mln vs 467 mln.
+  
+
diff --git a/reuters/training/11221 b/reuters/training/11221
new file mode 100644
index 0000000000000000000000000000000000000000..3e237915fc6532992f29124c74436d4b7f5b9d8d
--- /dev/null
+++ b/reuters/training/11221
@@ -0,0 +1,12 @@
+<CGEE ALSTHOM> YEAR TO END-DECEMBER 1986
+  Dividend 24 francs vs 30
+      Consolidated net profit 115.7 mln francs vs 108.3 mln of
+  which attributable to group 110.8 mln vs 102.5 mln
+      Consolidated net turnover 11.16 billion francs vs 11.42
+  billion
+      Parent company net profit 115.5 mln vs 95.0 mln
+      Parent co net turnover 9.99 billion vs 9.91 billion
+      Note - The electrical contracting company is 99.9 pct owned
+  by the state-run Compagnie Generale d'Electricite <CGE>.
+  
+
diff --git a/reuters/training/11222 b/reuters/training/11222
new file mode 100644
index 0000000000000000000000000000000000000000..612abcc4765b68dd0c109d0d24823f18a37d6f1b
--- /dev/null
+++ b/reuters/training/11222
@@ -0,0 +1,24 @@
+THATCHER SAYS TRADE TARGETS SET WITH MOSCOW
+  British Prime Minister Margaret Thatcher
+  said she and Soviet Premier Nikolai Ryzhkov had set targets for
+  increased trade between the two countries during talks earlier
+  today.
+      She said she hoped more economic exchanges between Britain
+  and the Soviet Union "will also lead to increased friendship and
+  increased understanding."
+      Earlier, she told a meeting of Soviet and British
+  businessmen that she had agreed with Ryzhkov that they would
+  work to achieve a total volume of 2.5 billion roubles in
+  bilateral trade by 1990.
+      This would entail an increase by each side of 350 to 400
+  mln stg over their present export levels.
+      "Mr Ryzhkov handed me a list of import and export
+  opportunities which I hope you will all jump at," she told the
+  meeting to mark the opening of new offices of the British-
+  Soviet Chamber of Commerce.
+      After her talks with Ryzhkov, Thatcher and the Soviet
+  Premier were joined for the signing of agreements covering new
+  scientific and cultural exchanges by Kremlin leader Mikhail
+  Gorbachev, who had nine hours of talks with her yesterday.
+  
+
diff --git a/reuters/training/11224 b/reuters/training/11224
new file mode 100644
index 0000000000000000000000000000000000000000..93a9041212ee2f7533115bb5028be17189cc2360
--- /dev/null
+++ b/reuters/training/11224
@@ -0,0 +1,152 @@
+COMMODITY PACTS MORE ORIENTED TOWARDS MARKET
+  Consuming countries, chastened by the
+  collapse of International Tin Council (ITC) price support
+  operations in 1985, are insisting more than ever before that
+  commodity pacts reflect the reality of the markets they are
+  serving, a Reuter survey showed.
+      They want price ranges to be more responsive to market
+  trends - to avoid overstimulating output and straining the
+  accords' support operations - and intervention rules that avoid
+  the risk of exports by non-members undermining the pacts.
+  Consumers and producers, mindful of ITC buffer stock losses,
+  have also sought strict conditions for buffer operations.
+      Importers and some key exporting countries have shunned a
+  generalised approach to commodity price stabilisation and
+  prefer to assess each commodity case by case, the survey
+  showed.
+      The International Cocoa Organization (ICCO) last week set
+  precise limits on what the Buffer Stock Manager (BSM) could do
+  under the new agreement. It imposed daily and weekly purchase
+  limits, prohibited the BSM from operating on futures markets
+  and stipulated, after consumer insistence, that up to 15 pct of
+  total buffer stock purchases could be of non-member cocoa. This
+  will help prevent lower quality cocoa from Malaysia, the
+  world's fourth largest producer, undermining the market.
+      The cocoa pact establishes precise differentials the Buffer
+  Stock Manager must use when purchasing varying grades.
+      A new International Natural Rubber Agreement (INRA) was
+  adopted earlier this month in Geneva. Importing and exporting
+  countries agreed several changes to make the reference price
+  more responsive to market trends and they eliminated provisions
+  under which the buffer stock could borrow from banks to finance
+  operations. Direct cash contributions from members will fund
+  buffer stock purchases. Bank financing was a particular feature
+  of the failed ITC buffer stock which suffered losses running
+  into hundreds of millions of sterling. Legal wrangles continue.
+      Recent International Coffee Organization (ICO) negotiations
+  in London exemplified the degree to which consumers insist that
+  agreements reflect market reality, commodity analysts said.
+      Consumers and a small group of producers argued that
+  "objective criteria" should be used to define export quota
+  shares, which would have meant a reduction in the share of
+  Brazil, the world's leading producer. Brazil wanted to maintain
+  its previous quota share of 30 pct. The talks broke down and,
+  although an ICO executive board meeting starts in London today,
+  delegates and trade sources see chances of any near term
+  negotiations on export quota distribution as remote.
+      International agreements exist for sugar and wheat. These
+  do not have any economic clauses but provide a forum for
+  discussions on possible future economic agreements, collect
+  statistics and draw up market analyses. Analysts said
+  differences between sugar exporting countries have held up any
+  progress towards an accord with economic teeth, while sheer
+  competition between major exporters amid a world grain glut
+  militate against any pact with economic provisions for wheat.
+      An alternative focus for commodity discussions are
+  international study groups, made up of governments with advice
+  from industry, such as those for lead and zinc and rubber.
+      The U.N. Common fund for commodities, with a planned
+  directly contributed capital of 470 mln dlrs, has failed to
+  become operational because neither the U.S. Nor the Soviet
+  Union has ratified it. U.S. Officials in Washington said the
+  U.S. Doubts the fund would be able to fulfil its objectives,
+  citing the lack of widespread support.
+      U.S. Officials in Washington and Malaysian officials in
+  Kuala Lumpur expressed a policy of looking at each commodity
+  pact case by case. U.S. Officials said it has been willing to
+  study individual cases for economically sound, market-oriented
+  commodity accords balancing producer and consumer interests.
+      "We see little to be gained by attempting to increase the
+  price of a commodity whose long-term trend is downward,"
+  official Administration policy states. The U.S. Currently
+  belongs to only two international commodity agreements that
+  have economic clauses - the International Coffee Agreement
+  (ICA) and INRA - but it is also a member of the sugar and wheat
+  pacts.
+      The U.S. Did not join the International Cocoa Agreement
+  because it considered its proposed price ranges unrealistic and
+  not designed to protect the interests of consuming countries,
+  the State Department said. U.S. Officials singled out the INRA
+  as the one commodity agreement that seems to be working.
+      U.S. Negotiators were successful in getting other members
+  of the pact to agree that the price review and adjustment
+  mechanism of the rubber agreement would accurately reflect
+  market trends and also to continue the accord as a market
+  oriented agreement, U.S. Officials said.
+      Canadian officials in Ottawa also said they have
+  consistently tried to look at membership of commodity pacts on
+  the merits of each case. Malaysian Primary Industries Minister
+  Lim Keng Yaik told Reuters in Kuala Lumpur his country, the
+  world's top producer of rubber, tin and palm oil, decides its
+  participation in international commodity pacts case by case.
+      Malaysia is a member of the Association of Tin Producing
+  Countries (ATPC) which produce 65 pct of world tin. The ATPC
+  launched a plan to limit member tin exports to 96,000 tonnes
+  for a year from March to cut the tin surplus to 50,000 from
+  70,000.
+      Economist in the West German Ministry of Agriculture and
+  delegate to cocoa, wheat and sugar agreements Peter Baron told
+  Reuters in London, "Agreements with economic clauses to
+  stabilise prices could function if fixed price ranges were
+  close to market reality, if there was full participation by
+  producers and consumers, and if participants were prepared to
+  take their obligations in the framework of the agreement
+  seriously."
+      But Baron added, "No real sanctions are available for a
+  country that doesn't stick to its obligations...The German
+  approach is sceptical. We don't think agreements are the best
+  instrument to help developing countries. They were never meant
+  to be a vehicle for the transfer of resources and that is how
+  developing countries often interpret them."
+      Traditionally Britain has always been supportive of
+  commodity agreements, reflecting its strong links with Third
+  World producing countries. But recently demands for more
+  stringent and justifiable pacts with emphasis placed on the
+  need for "intellectual honesty" and "objective criteria" have
+  grown.
+      British officials stress the need for commodity pacts to be
+  a two way partnership in trade rather than a disguise for aid.
+      It is now seen as essential that any pacts involving direct
+  market participation through a buffer stock have a high degree
+  of transparency and do not contain the risk of open-ended
+  borrowing that occurred in the tin pact, they said. U.K.
+  Delegates talk of stabilisation and the need for prices to
+  reflect changes in market structure and price trends rather
+  than dictate what prices should be.
+      A Foreign Ministry official in Tokyo said Japan urges price
+  realism in commodity pacts, adding high prices inflate supply.
+      A government spokesman in Paris said France is favourable
+  to commodity pacts. France, a large consumer and producer of
+  sugar, favours a sugar pact as long as it reflects the real
+  market situation, particularly regarding stocks.
+      Indonesia's Foreign Minister Mochtar Kusumaatmadja told
+  Reuters in Jakarta: "These agreements can work as long as the
+  problems are cyclical..But it's another matter when there are
+  structural problems..But we are still committed to commodity
+  agreements as an act of faith." Nicaraguan External Trade
+  Minister Alejandro Martinez Cuenca said in London producers
+  cannot afford not to give their backing to commodity
+  agreements.
+      "The political will is not there on the part of some
+  consumers to make agreements work," Martinez Cuenca said.
+      The head of the economics department in the Brazilian
+  Foreign Ministry, Sebastiao do Rego Barros, told Reuters an
+  agreement can be successful if it keeps a link with market
+  reality. If you have an agreement such as coffee with a system
+  of quotas, with a link between prices practised inside the pact
+  and actual market prices, it can work. UNCTAD spokesman Graham
+  Shanley said consuming countries realise steady export earnings
+  enhance developing countries' ability to service debt and mean
+  greater demand for industrialised nations' capital goods.
+  
+
diff --git a/reuters/training/11225 b/reuters/training/11225
new file mode 100644
index 0000000000000000000000000000000000000000..7725099abef401a115d16fcafecf578ec3d0faca
--- /dev/null
+++ b/reuters/training/11225
@@ -0,0 +1,80 @@
+JAPAN TO CUT MICROCHIP OUTPUT, BOOST IMPORTS
+  Leading domestic semiconductor makers
+  will boost imports and cut production of key memory microchips
+  from next month in line with government attempts to ward off
+  U.S. Trade sanctions, company spokesmen said.
+      The moves might persuade the U.S. To call off the
+  sanctions, despite obstacles to full implementation of the
+  plans, analysts said.
+      The tariffs will affect about 300 mln dlrs worth of
+  products and are in retaliation for Japan's alleged failure to
+  honour a semiconductor trade pact.
+      In announcing the sanctions last Friday, President Reagan
+  said Japan had not fulfilled its promise to halt predatory
+  pricing and open Japan's market to foreign products.
+      But U.S. Trade representative Clayton Yeutter said
+  yesterday on U.S. Television that the U.S. Is willing to drop
+  the tariffs if Japan shows a "clear indication" that it will open
+  its markets to U.S. Goods.
+      The Ministry of International Trade and Industry (MITI) has
+  urged producers to slash output of the chips by 11 pct in the
+  second quarter, following a call to reduce production by more
+  than 20 pct the previous quarter.
+      MITI also urged makers to boost chip imports.
+      Analysts said the moves could encourage Washington to
+  cancel the tariffs ahead of next month's meeting between Prime
+  Minister Yasuhiro Nakasone and President Reagan.
+      "The U.S. Wants to be satisfied. It has rattled its sword
+  and shown that it can and will do business," said analyst Nick
+  Edwards at Jardine Fleming Securities Ltd in Tokyo.
+      But analysts cautioned that although Japanese producers can
+  cut output, boosting imports -- the key to U.S. Withdrawal of
+  the sanctions -- is more difficult.
+      "The U.S. Does not have the low-end consumer IC's
+  (integrated circuits) that the Japanese need for consumer
+  products. They're well supplied here," said Richard May, senior
+  analyst at Barclays de Zoete Wedd Ltd in Tokyo.
+      The U.S. Leads in production of medium and high-end IC's,
+  but Japanese makers are keen to develop their own high-end
+  production skills, the analysts said.
+      "The Japanese must be prepared to trade some losses on
+  semiconductors in return for free access to other areas," said
+  Edwards.
+      A spokesman for Hitachi Ltd <HIT.T>, said the firm's
+  reduced output of 256 kilobit dynamic random access memory
+  (256K DRAM) was unrelated to MITI's efforts to ward off the
+  trade sanctions. Decreased production was a natural result of
+  the company increasing output of one-mln bit DRAM's, he said.
+      Company officials unveiled the following plans -
+      - NEC Corp <NESI.T>, Japan's largest chipmaker, plans to
+  slash production of 256K DRAM semiconductors by 29.41 pct to
+  six mln per month from a monthly average of 8.5 mln last
+  quarter.
+       In the year beginning April 1, NEC will boost chip
+  imports, which comprised some 20 pct of all NEC chip
+  consumption the year before.
+      - Hitachi Ltd's <HIT.T> April output of 256K DRAM's will
+  fall by 25.93 pct to four mln compared to 5.4 mln in March. The
+  company is trying to boost imports but has not set a specific
+  target. Imports are currently very low.
+      - Toshiba Corp <TSBA.T> will reduce April 256K DRAM
+  production by 16.67 pct to just over four mln and is
+  considering ways to boost imports, a company official said.
+      Toshiba has an agreement with Motorola Inc (MOT.N) to sell
+  the U.S. Firm's chips in Japan. The firms are planning a
+  joint-venture production of memory chips in Sendai, northern
+  Japan.
+      - Mitsubishi Electric Corp (MIET.T) will trim second
+  quarter output by about 10 pct to between 5.5 mln to 5.6 mln
+  chips compared to the first quarter. Plans call for increased
+  imports but an official said "boosting imports will be difficult
+  as it depends on sales demand."
+      - Fujitsu Ltd (ITSU.T) will cut production in accord with
+  MITI guidelines and boost imports from currently low levels.
+      - Oki Electric Industry Co Ltd (OKIE.T) will reduce April
+  production by 10 pct from March's 3.2 mln. Oki is studying ways
+  to increase imports by 10 pct in the fiscal year beginning
+  April 1 from the previous year's total of more than five
+  billion yen, a company official said.
+  
+
diff --git a/reuters/training/11227 b/reuters/training/11227
new file mode 100644
index 0000000000000000000000000000000000000000..dc7b9cd324706d7397b7535215fcd56385b93cfd
--- /dev/null
+++ b/reuters/training/11227
@@ -0,0 +1,14 @@
+LONDON AND SCOTTISH MARINE OIL PLC <LASL.L>
+  Year 1986
+      Div 7.0p vs 12.2p
+      Shr 9.6p vs 31.3p
+      Pretax profit 4.4 mln stg vs 118.0 mln
+      Net 17.6 mln vs 37.7 mln
+      Total turnover 183.8 mln vs 348.0
+      Amortisation 71.4 mln vs 86.3
+      Traded oil purchases 41.2 mln vs 44.5 mln Administration
+  expenses 6.2 mln vs 8.0 mln
+      Net interest payable 6.4 mln vs 4.8 mln
+      Related company's credit 6.1 mln vs nil
+  
+
diff --git a/reuters/training/11228 b/reuters/training/11228
new file mode 100644
index 0000000000000000000000000000000000000000..2bf54e387007993517677a74a3856bc932df03ef
--- /dev/null
+++ b/reuters/training/11228
@@ -0,0 +1,13 @@
+UK MONEY MARKET GIVEN FURTHER 570 MLN STG HELP
+  The Bank of England said it provided the
+  market with a further 570 mln stg assistance during the morning
+  after revising its estimate of the liquidity shortage to 1.85
+  billion stg, before taking account of its early round of bill
+  purchases.
+      Initially, the Bank put the likely shortage at some 1.75
+  billion and to help offset this gave early assistance of 1.143
+  billion.
+      Its total help so far today amounts to 1.713 billion stg.
+   MORE
+  
+
diff --git a/reuters/training/11229 b/reuters/training/11229
new file mode 100644
index 0000000000000000000000000000000000000000..db676d7ed1c90750d16891cc2be008e41c1d0d41
--- /dev/null
+++ b/reuters/training/11229
@@ -0,0 +1,3 @@
+31-MAR-1987
+  31-MAR-1987
+
diff --git a/reuters/training/1123 b/reuters/training/1123
new file mode 100644
index 0000000000000000000000000000000000000000..e804568591dbc5522915760bfd815e7c738f5227
--- /dev/null
+++ b/reuters/training/1123
@@ -0,0 +1,11 @@
+TYLAN CORP <TYLN> TO SELL FURNACE PRODUCT LINE
+  Tylan Corp aid it has retained
+  the investment banking firm Kahn and Harris to sell its furnace
+  product line.
+      The company said it has already been contacted by several
+  potential buyers.
+      In 1986, Tylan's furnace product shipments in the U.S.
+  represented 10.3 mln dlrs of the company's total net sales of
+  28.4 mln dlrs.
+  
+
diff --git a/reuters/training/11230 b/reuters/training/11230
new file mode 100644
index 0000000000000000000000000000000000000000..12b2de5f7b3bad7400e3ca601797004aae60f698
--- /dev/null
+++ b/reuters/training/11230
@@ -0,0 +1,13 @@
+MAURITIAN SUGAR EXPORTS FALL IN FEBRUARY
+  Mauritius exported 47,144 tonnes of
+  sugar (tel quel) in February, down from 57,911 tonnes (tel
+  quel) shipped in January and 89,351 in February 1986, the
+  Mauritius Chamber of Agriculture's Sugar News Bulletin said.
+      Opening stocks at the beginning of last month totalled
+  320,057 tonnes, against 288,406 tonnes at the start of February
+  last year. Closing stocks at the end of February were 270,212
+  tonnes, up from 196,309 tonnes at end-February 1986.
+      The estimate for 1986 sugar production was unchanged from
+  last month at 748,472 tonnes, raw value, the Chamber said.
+  
+
diff --git a/reuters/training/11231 b/reuters/training/11231
new file mode 100644
index 0000000000000000000000000000000000000000..175464c0cf0c04dd31df110b72283916e731c4c4
--- /dev/null
+++ b/reuters/training/11231
@@ -0,0 +1,25 @@
+CSR SELLS OIL/GAS INTERESTS, BIDS TO EXTEND SUGAR
+  CSR Ltd has made a bold move in selling
+  its oil and gas interests for almost a billion dlrs and
+  ploughing 150 mln into its traditional sugar business, share
+  analysts said.
+      CSR said it had dropped plans to float its oil and gas
+  interests held in the Delhi Australia Fund and would instead
+  sell them to Exxon Corp unit Esso Exploration and Production
+  Australia Inc for 985 mln dlrs.
+      In a twin announcement CSR, already Australia's largest
+  sugar refiner, made a 2.20 dlr a share bid for the 70 pct it
+  does not already hold in Pioneer Sugar Mills Ltd.
+      A float of part of Delhi would have raised between 200 and
+  300 mln dlrs, but in opting to sell outright CSR had given
+  itself the cash to all but eliminate its debt and embark on an
+  ambitious expansion programme in its best-performing divisions
+  of sugar and building products, analysts said.
+      The Pioneer Sugar investment would give CSR by far the
+  largest stake in Australia's 850 mln dlr a year sugar industry
+  and access to some of the best sugar properties and mills in
+  the country, they said. Pioneer Sugar was expected to recommend
+  acceptance of the bid, through which CSR would benefit from the
+  bottoming out of a cyclical downturn in sugar prices.
+  
+
diff --git a/reuters/training/11232 b/reuters/training/11232
new file mode 100644
index 0000000000000000000000000000000000000000..4cab4d88008b4bbde3e485f3b5d7f11a109d9882
--- /dev/null
+++ b/reuters/training/11232
@@ -0,0 +1,25 @@
+LASMO SET TO BENEFIT FROM FUTURE OIL PRICE RISES
+  London and Scottish Marine Oil Plc
+  (Lasmo) <LASL.L> will have an advantage when oil prices rise
+  again and it is confident this will happen early in the next
+  decade, the company said in a statement accompanying results.
+      Lasmo said its advantage comes from its reserves of oil and
+  gas which at the end of 1986 stood at 210 mln barrels of oil
+  equivalent, a group record. Reserves have increased every year
+  since 1983 at a compounded rate of 10 pct a year.
+      The company reported a 1986 pretax profit of 4.4 mln stg,
+  down from 118 mln in 1985.
+      It said falling oil prices caused the downturn.
+      The company said it reacted swiftly to the sharp drop in
+  oil prices which began over a year ago. Capital expenditure,
+  which had been budgeted at over 150 mln stg, was cut to 51 mln
+  stg net of disposals. Managers responded well to the demand for
+  lower operating costs and this has been achieved worldwide.
+      The company said had very few exploration wells committed
+  for 1987 and therefore retains maximum flexibility in its
+  exploration program. Even without further success, the existing
+  fields and recent discoveries will contribute significantly to
+  profit and cash flow for some years to come, it said.
+      Lasmo shares were down 2p at 251 after the announcement.
+  
+
diff --git a/reuters/training/11233 b/reuters/training/11233
new file mode 100644
index 0000000000000000000000000000000000000000..d9489fdb4da1371ed3799a7f6a64716c369bcf02
--- /dev/null
+++ b/reuters/training/11233
@@ -0,0 +1,7 @@
+CHINA BUYS MALAYSIAN RBD PALM STEARINE
+  China bought 6,000 tonnes of Malaysian
+  refined bleached deodorised palm stearine today for May
+  shipment at prices equivalent to around 270 to 275 dlrs per
+  tonne fob, traders said.
+  
+
diff --git a/reuters/training/11234 b/reuters/training/11234
new file mode 100644
index 0000000000000000000000000000000000000000..b6e1b07970130fceeebe199e595babbd214b719c
--- /dev/null
+++ b/reuters/training/11234
@@ -0,0 +1,65 @@
+CALL MONEY PRESSURE FROM LARGE GERMAN BANKS
+  One or two large West German banks
+  effectively drained the domestic money market of liquidity at
+  the end of the month in order to achieve higher rates from
+  their overnight deposits, money dealers said.
+      As a result, call money soared in active trading to around
+  the Lombard rate of five pct from 3.70/80 pct yesterday as
+  banks found themselves short of minimum reserve funds.
+      Bundesbank figures showed that banks held an average daily
+  51 billion marks in interest-free minimum reserve assets at the
+  central bank over the first 29 days of the month.
+      Though this was above the March requirement of 50.7
+  billion, actual holdings at the weekend were 44.2 billion.
+      To meet the daily average, dealers said, banks must raise
+  holdings by two billion marks to 46.3 billion today and
+  tomorrow. But liquidity was tight in early business because
+  banks excessively took up the Bundesbank's offer for sale of
+  Treasury bills on Friday. This provides a rate of 3.50 pct for
+  three-day deposits and is an effective floor to the market.
+      Though some liquidity, from bills bought on Thursday,
+  flowed back into the market today, the bulk would not return
+  until tomorrow, the start of the new month, dealers said.
+      Dealers said the large banks, which they did not name,
+  commanded short-term money requirements of as much as five
+  billion marks or so.
+      With a knowledge of their own needs until the end of the
+  month, the banks bought excessive amounts of treasury bills,
+  draining liquidity for three days. When other banks sought
+  funds, rates rose and large banks were able to place excess
+  funds on deposit at a considerably higher average return.
+      One senior dealer said the Bundesbank, with advanced
+  knowledge of the market's needs, should have curtailed its
+  sales of treasury bills on Friday.
+      Though dealers only late in the day learn of the total
+  minimum reserve holdings of the previous day, the Bundesbank
+  has an immediate overview of the situation and could anticipate
+  the strength of demand for funds the following day, he said.
+      "(Bundesbank dealers) could easily have said we are not
+  selling any treasury bills or we're not selling them in this
+  amount," he said. "If the Bundesbank wants to finely steer the
+  market then they should avoid such excesses. Tomorrow it will
+  be different. Call money will fall back to 4.0 pct or so."
+      But the Bundesbank would not approve of the sharp jump in
+  rates, given the delicate state of currency markets.
+      International central banks have been at pains to prevent a
+  dollar fall against major currencies, including the mark.
+  Dealers said a rise in call money gives the mark a firmer
+  undertone, contributing to downward pressure on the dollar.
+      "The whole tender policy is to have a call money of between
+  three and four pct. In that case the excesses as we have today
+  cannot be very popular," the senior dealer said.
+      Dealers said the large banks probably achieved average
+  rates of return on their excess funds of between 3.75 pct or
+  four pct. This is a higher return than they would have earned
+  without the excessive draining through the treasury bill
+  mechanism.
+      Because of the currency situation and the wage negotiations
+  between Germany's major employers and the unions, the
+  Bundesbank would be very unlikely to make any changes to
+  monetary policy at its council meeting on Thursday, they said.
+      Bundesbank figures showed that banks fell back on the
+  Lombard emergency funding facility to draw down 1.5 billion
+  marks yesterday as rates began to tighten in late business.
+  
+
diff --git a/reuters/training/11236 b/reuters/training/11236
new file mode 100644
index 0000000000000000000000000000000000000000..17863a974bf1f7f9b4b0a8659b3ac792b7ff04f6
--- /dev/null
+++ b/reuters/training/11236
@@ -0,0 +1,31 @@
+CSR SELLING DELHI TO EXXON UNIT, DROPS DELHI FLOAT
+  CSR Ltd <CSRA.S> and Exxon Corp <XON>
+  unit <Esso Exploration and Production Australia Inc> said CSR
+  has agreed to sell its <Delhi Australia Fund> (DAF) to Esso for
+  985 mln Australian dlrs.
+      The sale is effective from tomorrow, they said in a joint
+  statement.
+      The previously announced float of part of its Delhi
+  interest will not now proceed, CSR said in the statement.
+      Delhi Australia Fund owns <Delhi Petroleum Pty Ltd>, which
+  holds an average of 25 pct in the Santos Ltd <STOS.S>-led
+  Cooper and Eromanga Basin gas and liquids projects.
+      In addition to the purchase price, CSR will share equally
+  in any returns due to increases in crude oil and condensate
+  prices over certain levels for liquids produced from Delhi's
+  interests in the next two years, the statement said.
+      "The Esso proposal to purchase all the Delhi interest will
+  be more beneficial to our shareholders than proceeding with the
+  float," CSR chief executive Bryan Kelman said in the statement.
+      Kelman said the sale of Delhi would enable CSR to focus
+  efforts on expanding business areas such as sugar and building
+  materials in which CSR has had long and successful management
+  experience and strong market leadership.
+      With the sale, CSR will be able to expand those businesses
+  more aggressively and earlier, he said.
+      As reported separately, soon after announcing the Delhi
+  sale CSR launched a takeover bid for the 68.26 pct of <Pioneer
+  Sugar Mills Ltd> that it does not already hold, valuing its
+  entire issued capital at 219.6 mln dlrs.
+  
+
diff --git a/reuters/training/11237 b/reuters/training/11237
new file mode 100644
index 0000000000000000000000000000000000000000..6f8cf4999eab97260cb5701e48d18b49d797588c
--- /dev/null
+++ b/reuters/training/11237
@@ -0,0 +1,30 @@
+CSR BIDS 2.20 DLRS A SHARE FOR PIONEER SUGAR MILLS
+  CSR Ltd <CSRA.S> said it will offer 2.20
+  dlrs cash each for the shares it does not already hold in
+  <Pioneer Sugar Mills Ltd>.
+      CSR already holds 31.74 pct of Pioneer's 99.80 mln issued
+  shares, it said in a statement.
+      The offer price values the entire Pioneer Sugar share
+  capital at 219.6 mln dlrs and compares with today's closing
+  market level of 1.85 dlrs a share.
+      CSR said it will announce further details of the offer
+  soon, including an alternative offer of CSR shares for Pioneer
+  Sugar stock.
+      It said the offer is generous since it will give Pioneer
+  Sugar shareholders a price equivalent to 29 times Pioneer's net
+  earnings last financial year and a premium of 22 pct over
+  yesterday's market price which CSR said it believed already
+  contained an element of takeover speculation.
+      It also gives a premium of 91 pct over Pioneer's last
+  reported net tangible assets per share, CSR said.
+      CSR said the generous offer price reflects the cost savings
+  which will flow from integrated management of CSR's and
+  Pioneer's raw sugar mills and building materials businesses.
+      These economies can only be achieved through CSR control
+  and management of Pioneer Sugar, it added.
+      The takeover announcement came soon after CSR's earlier
+  reported statement that it will sell its <Delhi Petroleum Pty
+  Ltd> unit to an Exxon Corp <XON> unit for 985 mln dlrs and not
+  proceed with the previously announced float of part of Delhi.
+  
+
diff --git a/reuters/training/11238 b/reuters/training/11238
new file mode 100644
index 0000000000000000000000000000000000000000..3bc30eb521862cb997043af6a78529742ee07881
--- /dev/null
+++ b/reuters/training/11238
@@ -0,0 +1,14 @@
+BUNDESBANK HAS NOT INTERVENED TODAY, DEALERS
+  The Bundesbank declined to comment on
+  rumours in Tokyo that it was intervening heavily to support the
+  dollar, but dealers here said they had not seen the German
+  central bank in the market all morning.
+      The dollar was quoted at around 1.8040 marks shortly after
+  midday in nervous but quiet trading, up from its 1.7975/85
+  opening.
+      Spreads against the mark remained around 10 basis points,
+  with some banks quoting only five point spreads. Dealers said
+  spreads would widen and the dollar would move more sharply if
+  the Bundesbank did intervene.
+  
+
diff --git a/reuters/training/11239 b/reuters/training/11239
new file mode 100644
index 0000000000000000000000000000000000000000..63516e476b0c027209140af7cf1be3a830af7d6e
--- /dev/null
+++ b/reuters/training/11239
@@ -0,0 +1,25 @@
+FLETCHER CHALLENGE DISAPPOINTED AT NZ FOREST MOVES
+  <Fletcher Challenge Ltd> (FCL)
+  Managing Director Hugh Fletcher said he was disappointed that
+  <Rada Corp Ltd> had decided to sell its shares in <N.Z. Forest
+  Products Ltd> (NZFP) to Australia's <Amcor Ltd>.
+      He said in a statement that FCL had made an offer for the
+  24 pct of NZFP held by Rada. He said the FCL offer was better
+  than Amcor's because it would have been made to all NZFP
+  shareholders, but he gave no further details.
+      Amcor and NZFP said earlier today they were merging their
+  pulp and paper interests in a joint partnership and were
+  increasing their existing cross-shareholdings.
+      The plan involves NZFP increasing its current holding in
+  Amcor to about 20 pct from four pct. Amcor will acquire Rada's
+  NZFP stake to add to its existing 11 pct and will seek
+  statutory approval to increase its holding to 50 pct.
+      Rada bought its stake for 505.5 mln dlrs from <Wattie
+  Industries Ltd> last year, but it has not disclosed the price
+  to be paid by Amcor.
+      FCL originally launched a takeover bid for NZFP late last
+  year with a scrip and/or cash offer at 3.90 dlrs a share,
+  valuing the company at 1.3 billion dlrs. NZFP shares ended at
+  3.88 dlrs today.
+  
+
diff --git a/reuters/training/1124 b/reuters/training/1124
new file mode 100644
index 0000000000000000000000000000000000000000..306e22d93e59b0b89f095860de4fb3aa187615d5
--- /dev/null
+++ b/reuters/training/1124
@@ -0,0 +1,10 @@
+<ROYAL BANK OF CANADA> 1ST QTR JAN 31 NET
+  Shr basic 88 cts vs 1.22 dlrs
+      Shr diluted 83 cts vs 1.10 dlrs
+      Net 114,108,000 vs 140,389,000
+      Avg shrs 107.5 mln vs 100.5 mln
+      Loans 66.4 billion vs 65.9 billion
+      Deposits 82.8 billion vs 84.4 billion
+      Assets 98.7 billion vs 96.7 billion.
+  
+
diff --git a/reuters/training/11241 b/reuters/training/11241
new file mode 100644
index 0000000000000000000000000000000000000000..8a16b08908f70a924c5f341af4e30797c20c8a8e
--- /dev/null
+++ b/reuters/training/11241
@@ -0,0 +1,13 @@
+SUMITOMO CHEMICAL CO LTD <SUCH.T> YEAR TO DEC 31
+  Group shr 4.91 yen vs 6.59
+      Net 7.72 billion vs 10.38 billion
+      Current 16.81 billion vs 20.84 billion
+      Operating 45.56 billion vs 52.02 billion
+      Sales 734.50 billion vs 996.15 billion
+      NOTE - Company forecast for current year is group net 14
+  billion, current 30 billion and sales 740 billion based on
+  rationalisation efforts and expected market price increases in
+  agricultural chemicals and petrochemical products following the
+  recovery in world oil prices.
+  
+
diff --git a/reuters/training/11242 b/reuters/training/11242
new file mode 100644
index 0000000000000000000000000000000000000000..b832652c8c2fc8633fc3118663076ef42185a28b
--- /dev/null
+++ b/reuters/training/11242
@@ -0,0 +1,14 @@
+CHINA'S CITIC BUYS H.K. HOTEL FROM CHEUNG KONG
+  The Peking-owned China International
+  Trust and Investment Corp (Citic) bought the unfinished City
+  Garden Hotel in Hong Kong from a subsidiary of Cheung Kong
+  (Holdings) Ltd <CKGH.HKG> for 235 mln H.K. Dlrs, Cheung Kong
+  director Albert Chow said.
+      Cheung Kong's subsidiary <International City Holdings Ltd>
+  will complete work on the hotel by the end of 1988, when it
+  will be handed over to Citic. The deal does not include the
+  decoration or fitting out of the interior of the hotel.
+      The 600-room hotel stands on a 26,700 sq ft site on the
+  eastern side of Hong Kong island.
+  
+
diff --git a/reuters/training/11243 b/reuters/training/11243
new file mode 100644
index 0000000000000000000000000000000000000000..01cbb4586ec77b4fa6e25e5899c90f84070fd3c8
--- /dev/null
+++ b/reuters/training/11243
@@ -0,0 +1,35 @@
+MANNESMANN SEES DIFFICULT YEAR FOR CAPITAL GOODS
+  Mannesmann AG <MMWG.F> expects a
+  difficult year for the capital goods industry in 1987, chief
+  executive Werner Dieter told a news conference.
+      Dieter said West German producers would see a downturn in
+  foreign business because of lower energy prices and the higher
+  mark, as well as a deterioration of the economies of customer
+  nations.
+      Domestic business was also declining and orders for West
+  German engineering goods have been falling since July 1986,
+  Dieter said.
+      Mannesmann's profit fell by an undisclosed amount in 1986.
+      Dieter said Mannesmann's pipe activities would suffer a
+  set- back, although measures to cut costs, which were started
+  last year, were now having an effect.
+      Dieter noted, however, that pipes and related products
+  accounted for less than 30 pct of Mannesmann's turnover. The
+  company saw good chances in the automation sector, which Dieter
+  said had become one of Mannesmann's "strategic aims."
+      He said the company's drive to combine activities in
+  mechanical and electronic engineering was a particular "plus
+  point" for Mannesmann.
+      Mannesmann, which yesterday announced it had agreed to take
+  a majority stake in the Fichtel und Sachs AG car parts group
+  for an undisclosed sum, saw third party group turnover fall
+  nine pct in 1986 to 16.60 billion marks. Its world group net
+  profit in 1985 was 255.9 mln marks.
+      It has blamed the fall in 1986 profits on the weaker dollar
+  and lack of demand for steel pipe.
+      Dieter said there were signs that prices for steel pipe
+  were bottoming out and would slowly start to rise, but he added
+  the company would continue to cut personnel in this sector this
+  year.
+  
+
diff --git a/reuters/training/11244 b/reuters/training/11244
new file mode 100644
index 0000000000000000000000000000000000000000..1cc436c0bf847aaf161369246c7107ebf0c30924
--- /dev/null
+++ b/reuters/training/11244
@@ -0,0 +1,21 @@
+BANK OF JAPAN TO SELL 800 BILLION YEN IN BILLS
+  The Bank of Japan will sell tomorrow a
+  total of 800 billion yen worth of financing bills from its
+  holdings to help absorb a projected money market surplus of
+  1,700 billion yen, money traders said.
+      Of the total, 300 billion yen will yield 3.8992 pct on
+  sales from money houses to banks and securities houses in a
+  23-day repurchase accord maturing on April 24.
+      The remaining 500 billion yen will yield 3.8990 pct in a
+  31-day repurchase pact maturing on May 2, they said.
+      The repurchase agreement yields compare with the 3.8750 pct
+  one-month commercial bill discount rate today and the 4.28/11
+  pct rate on one-month certificates of deposit.
+      Tomorrow's surplus is attributable to excess bank holdings
+  from sales of yen to buy dollars and to huge cash amounts to be
+  redeposited at banks after the current financial year-end
+  today, the traders said.
+      The operation will put the outstanding bill supply at about
+  3,200 billion yen.
+  
+
diff --git a/reuters/training/11249 b/reuters/training/11249
new file mode 100644
index 0000000000000000000000000000000000000000..ee18478217f1e0583f931c51c83cb31ca68523ff
--- /dev/null
+++ b/reuters/training/11249
@@ -0,0 +1,19 @@
+ BRITISH CALEDONIAN GROUP ANNOUNCES BIG LOSSES
+  <British Caledonian Group>, Britain's
+  second largest airline, has announced a 19.3 mln stg pretax
+  loss for the financial year ending last October, compared with
+  a record pre-tax profit of 21.7 mln stg in 1985, chairman Sir
+  Adam Thomson told reporters.
+      A decline in U.S. Transatlantic traffic following terrorist
+  attacks in Europe, the U.S. Bombing of the Libya, the Chernobyl
+  disaster and a slump in the oil industry which affected Middle
+  East traffic were the main causes of the loss, Thomson said.
+      He said the poor results were caused by "a range of
+  exceptional circumstances wholly outside our direct control" and
+  predicted a return to profitability this year.
+      Last year, the airline was forced to axe 1,000 jobs, sell
+  some of its assets and cut the number of its flights across the
+  Atlantic and to the Middle East following the fall in business
+  .
+  
+
diff --git a/reuters/training/1125 b/reuters/training/1125
new file mode 100644
index 0000000000000000000000000000000000000000..f2f245cc6d5dd9f2839fd4a2facc15f681791f06
--- /dev/null
+++ b/reuters/training/1125
@@ -0,0 +1,9 @@
+FED ADDS RESERVES VIA CUSTOMER REPURCHASES
+  The Federal Reserve entered the U.S.
+  Government securities market to arrange 1.5 billion dlrs of
+  customer repurchase agreements, a Fed spokesman said.
+      Dealers said Federal funds were trading at 6-1/4 pct when
+  the Fed began its temporary and indirect supply of reserves to
+  the banking system.
+  
+
diff --git a/reuters/training/11251 b/reuters/training/11251
new file mode 100644
index 0000000000000000000000000000000000000000..e067f15b9bf49a13db0995b24c0be48780ccf4f4
--- /dev/null
+++ b/reuters/training/11251
@@ -0,0 +1,14 @@
+HAPAG ORDERS NEW CONTAINER SHIP FROM CHINA
+  <Hapag Lloyd AG> said it ordered a new
+  container vessel from China for its Australia service.
+      The order was given to the <Hudong shipyards> in Shanghai
+  after lengthy negotiations with West German shipbuilders, the
+  company said in a statement.
+      The Chinese firm offered to build the vessel at over 30 mln
+  marks less than West German yards, despite government subsidies
+  which Bonn pays its ailing shipbuilding industry, Hapag said. A
+  company spokesman would not comment on the total order value
+  but said the new vessel would replace the 33,333 dwt Sydney
+  Express in 1989 and would carry 2,700 container units.
+  
+
diff --git a/reuters/training/11252 b/reuters/training/11252
new file mode 100644
index 0000000000000000000000000000000000000000..38992621b8c84072d658e093f5b374b234976b54
--- /dev/null
+++ b/reuters/training/11252
@@ -0,0 +1,14 @@
+FRENCH CGE UNIT TAKES 34 PCT STAKE IN ESCA CORP
+  State-owned <Cie Generale
+  d'Electricite>'s electrical contracting unit <CGEE ALSTHOM> has
+  taken a 34 stake in the U.S. Computer firm <ESCA Corp>, CGEE
+  ALSTHOM chairman Philippe Boisseau told a press conference.
+      According to an agreement in principle between the two
+  companies CGEE ALSTHOM could take a majority stake in the
+  future but no time-scale has been set, he added.
+      ESCA, which had a turnover of 13.6 mln dlrs in 1986 and is
+  expected to see this rise to 20 mln this year, is one of the
+  leading U.S. Suppliers of electric despatching and telecontrol
+  systems.
+  
+
diff --git a/reuters/training/11253 b/reuters/training/11253
new file mode 100644
index 0000000000000000000000000000000000000000..6f734838bb2e1fecc5c75c13fea9533e01e14978
--- /dev/null
+++ b/reuters/training/11253
@@ -0,0 +1,28 @@
+PARTNERS CALL GENCORP <GY> RESPONSE UNPRODUCTIVE
+  General Acquisition Co said it was
+  disappointed by Gencorp's response to its tender offer and
+  asked how the company might give better value to shareholders.
+      Gencorp had earlier urged shareholders to reject a 100 dlr
+  per share tender offer from General Acquisition, an affiliate
+  of Wagner and Brown and AFG Industries Inc, and said it was
+  studying financially superior alternatives.
+      The General Acquisition partnership called the response
+  inflammatory and unproductive, particularly since it had tried
+  to discuss the offer with Gencorp.
+      The partnership said Gencorp failed to say how it would
+  provide a "superior value yet they continue their attempt to
+  prevent a satisfactory offer by failing to redeem their poison
+  pill." Poison pills are shareholder rights plans that make
+  takeovers more expensive.
+      Gencorp said in its statement earlier that it planned to
+  put off the date its rights will trade separately from the
+  common stock to April 6 from April 3. It said the extension was
+  subject to further extensions by the board and is conditional
+  on no person acquiring beneficial ownership of 20 pct or more
+  of Gencorp before April 6.
+      General Acquisition said it is confident its offer can be
+  completed in a timely manner using its financial arrangements.
+      The partnership in its statement again urged Gencorp
+  management to work with it to facilitate a transaction.
+  
+
diff --git a/reuters/training/11254 b/reuters/training/11254
new file mode 100644
index 0000000000000000000000000000000000000000..4c7fb7270416244ecebe3060d3acad2b16118b58
--- /dev/null
+++ b/reuters/training/11254
@@ -0,0 +1,33 @@
+U.S. MAY DROP TARIFFS IF JAPAN OPENS - YEUTTER
+  The U.S. Is willing to drop tariffs on
+  Japanese electronic imports if Japan shows it will abide by an
+  agreemement opening its markets to American goods, U.S. Trade
+  Representative Clayton Yeutter said in a TV interview.
+      "But there has to be a clear indication that they are
+  willing to act," he said.
+      Yeutter said difficulties in the Japanese economy caused by
+  the U.S. Tariffs and the yen's rise against the dollar are
+  problems "they have brought on themselves."
+      The dollar fell to 40-year lows against the yen today.
+      "Certainly the movement of the yen is causing some economic
+  turmoil in Japan," he said. "My only response is that we have
+  gone through about five years with the dollar going in just the
+  opposite direction. Although I can sympathise, it's occurred
+  for only a few weeks or months in Japan."
+      The tarriffs, announced on Friday by President Reagan, will
+  affect about 300 million dlrs worth of products, only a tiny
+  fraction of Japan's total exports to the U.S.
+      Even so, Reagan's decision "doesn't give us any joy. We
+  don't want to take retaliatory action here if we don't have to,"
+  Yeutter said.
+      Yeutter said the meetings scheduled next month in
+  Washington between Reagan and Prime Minister Yasuhiro Nakasone
+  will include "some difficult items on the agenda."
+      Japan has failed to implement two parts of a three-part
+  semiconductor agreement, Yeutter said.
+      Japan has stopped dumping chips in the U.S. But it has
+  failed to open its domestic markets to U.S.-made chips and has
+  failed to end predatory pricing in Third World countries,
+  undercutting U.S. Products, he said.
+  
+
diff --git a/reuters/training/11255 b/reuters/training/11255
new file mode 100644
index 0000000000000000000000000000000000000000..a5559708262f8425cc41ad5c6c59876626d326bf
--- /dev/null
+++ b/reuters/training/11255
@@ -0,0 +1,14 @@
+SEDGWICK BUYS BSI INCORP
+  Sedgwick Group Plc <SDWK.L> said its
+  wholly-owned Canadian subsidiary Sedgwick Tomenson Inc had
+  acquired BSi Incorp for a maximum eight mln Canadian dlrs.
+      The funds will be raised through the issue of up to 1.16
+  mln ordinary Sedgwick shares to the vendors of BSi by no later
+  than 31 January 1991. Some 427,054 shares already have been
+  issued.
+      BSi is a privately-held Canadian company involved in
+  actuarial, employee and executive benefits consulting and
+  administration. Its 1986 pretax profits excluding extraordinary
+  items totalled 1.14 mln Canadian dlrs.
+  
+
diff --git a/reuters/training/11256 b/reuters/training/11256
new file mode 100644
index 0000000000000000000000000000000000000000..f35f822bf58c38616a7f695ace17fcbee743b1ea
--- /dev/null
+++ b/reuters/training/11256
@@ -0,0 +1,9 @@
+U.K. MONEY MARKET SHORTAGE FORECAST REVISED UP
+  The Bank of England said it had revised
+  its estimate of the deficit in the money market today up to a
+  record two billion stg, before taking account of its morning
+  operations, from 1.85 billion at midday.
+      The Bank has provided the system with around 1.71 billion
+  stg assistance so far today.
+  
+
diff --git a/reuters/training/11257 b/reuters/training/11257
new file mode 100644
index 0000000000000000000000000000000000000000..758447a09cf105a4ea65d5b61d388e76148cd6f2
--- /dev/null
+++ b/reuters/training/11257
@@ -0,0 +1,12 @@
+REXNORD <REX> SELLS UNIT TO NEOAX <NOAX>
+  Rexnord Inc, 96 pct owned by Banner
+  Industries Inc <BNR> following a recent tender offer, said it
+  has completed the sale of its Fairfield Manufacturing Co
+  subsidiary to NEOAX Inc for 70.5 mln dlrs in cash.
+      Rexnord said it still plans to sell its Process Machinery
+  Division and Mathews Conveyor Co as part of its planned program
+  to divest five businesses with 200 mln dlrs in assets.
+  Bellofram Corp and Railway Maintenance Equipment Co have
+  already been sold.
+  
+
diff --git a/reuters/training/11259 b/reuters/training/11259
new file mode 100644
index 0000000000000000000000000000000000000000..4384711006bf1fdb8a988b859ec0062f107e14d2
--- /dev/null
+++ b/reuters/training/11259
@@ -0,0 +1,5 @@
+U.S. LEADING INDICATORS ROSE 0.7 PCT IN FEB AFTER REVISED 0.5 PCT JAN FALL
+
+  U.S. LEADING INDICATORS ROSE 0.7 PCT IN FEB AFTER REVISED 0.5 PCT JAN FALL
+  
+
diff --git a/reuters/training/11260 b/reuters/training/11260
new file mode 100644
index 0000000000000000000000000000000000000000..5829551b916c609f75b397b1abc5f8eff596e3b8
--- /dev/null
+++ b/reuters/training/11260
@@ -0,0 +1,25 @@
+JAPAN WILL ASK COMPANIES TO BOOST IMPORTS
+  Japan's Minister of International Trade
+  and Industry, Hajime Tamura, will meet representatives from 151
+  of the nation's largest companies next week and appeal to them
+  to do their best to increase imports, ministry officials said.
+      The meeting was unveiled as part of a plan to boost imports
+  and help head off protectionist legislation in the U.S.
+      Senior officials from the Ministry of International Trade
+  and Industry told reporters that such personal appeals appeared
+  to have paid off in the past, as Japanese imports of
+  manufactured goods have climbed.
+      Leading domestic semiconductor makers will boost imports
+  and cut production of key memory microchips next month in an
+  attempt to help ward off U.S. Trade sanctions, company
+  spokesmen said.
+      The officials also said they expect the government's new
+  trade insurance law to boost imports and encourage Japanese
+  companies to set up production facilities overseas.
+      Under the new law, the government will insure Japanese
+  companies who pre-pay for imports against loss arising from
+  everything from war to bankruptcy of the foreign firm they are
+  dealing with. MITI estimated that it would help solve Japan's
+  trade problem to the tune of about $10 billion dlrs a year.
+  
+
diff --git a/reuters/training/11261 b/reuters/training/11261
new file mode 100644
index 0000000000000000000000000000000000000000..c475cbf4201322acbe8b478da51ef638a86f9906
--- /dev/null
+++ b/reuters/training/11261
@@ -0,0 +1,33 @@
+U.S. LEADING INDEX ROSE 0.7 PCT IN FEBRUARY
+  The U.S. index of leading indicators
+  rose a seasonally adjusted 0.7 pct in February after a revised
+  0.5 pct January fall, the Commerce Department said.
+      The department previously said the index fell 1.0 pct in
+  January.
+      The February increase left the index at 187.1 over its 1967
+  base of 100, and was led by a rise in stock prices.
+      A total of four of nine indicators available for February
+  contributed to the increase in the index.
+      Besides stock prices, they were manufacturers' new orders
+  for consumer goods and materials, average work week and
+  building permits.
+      Five of nine indicators were negative. They were change in
+  sensitive materials prices, money supply, vendor performance,
+  average weekly initial claims for state unemployment insurance,
+  and contracts and orders for plant and equipment.
+      The main factor in the January revision was contracts and
+  orders for plant and equipment, the department said.
+      December also was revised to a 2.4 pct rise from an earlier
+  2.3 pct rise due to a change in outstanding credit.
+      The index of coincident indicators, which measures the
+  current economy, rose 0.9 pct in February after a decline of
+  1.3 pct in January and a rise of 0.9 pct in December.
+      The index of lagging indicators, which measures past
+  economic activity, decreased 0.3 pct in February after
+  increasing 1.7 pct in January and falling by 0.5 pct in
+  December.
+      The department said it has suspended net business formation
+  from the leading indicators index because it has deteriorated
+  as a measure of change in the business population.
+  
+
diff --git a/reuters/training/11263 b/reuters/training/11263
new file mode 100644
index 0000000000000000000000000000000000000000..3679ffbd013896bf640a5ce62e1ccd5898d23baa
--- /dev/null
+++ b/reuters/training/11263
@@ -0,0 +1,13 @@
+U.K. MONEY MARKET GIVEN FURTHER 168 MLN STG HELP
+  The Bank of England said it had provided
+  the money market with a further 168 mln stg assistance in the
+  afternoon session. This takes the Bank's total help so far
+  today to 1.88 billion stg and compares with its estimate of a
+  record two billon stg shortage in the system.
+      The central bank purchased bank bills outright comprising
+  25 mln stg in band one at 9-7/8 pct, 138 mln stg in band two at
+  9-13/16 pct and three mln stg in band three at 9-3/4 pct.
+      It also bought two mln stg of treasury bills in band two at
+  9-13/16 pct.
+  
+
diff --git a/reuters/training/11265 b/reuters/training/11265
new file mode 100644
index 0000000000000000000000000000000000000000..6a903832de6c6e8ff1468e4a015d23d79b7cb4e9
--- /dev/null
+++ b/reuters/training/11265
@@ -0,0 +1,42 @@
+ICO BOARD PASSES OVER COFFEE QUOTA ISSUE
+  Executive board members of the
+  International Coffee Organization, ICO, passed over the issue
+  of export quota negotiations at its regular meeting here,
+  delegates said.
+      No move was made to reopen dialogue on export quotas and no
+  further discussion on the issue is likely during the three-day
+  talks, they said.
+      Producer and consumer members of the ICO council failed to
+  agree export quota shares in early March.
+      Neither Brazil, the largest producer, nor the U.S., the
+  largest consumer, are ready to be flexible, delegates said.
+      "The situation is unchanged," consumer spokesman Abraham Van
+  Overbeeke told reporters. "As long as Brazil sticks to its
+  position there will not be quotas -- there is no point in
+  meeting."
+      At the last council meeting, Brazil wanted to maintain its
+  previous quota share of around 30 pct of the market. Consumers
+  and a splinter group of eight producers favoured redistribution
+  of export shares using "objective criteria," which would likely
+  have reduced Brazil's share.
+      Brazilian delegate Lindenberg Sette said that, if quota
+  negotiations were to resume, the 1.0 mln bag shortfall Brazil
+  was willing to give up in early March if the producer proposal
+  was accepted would no longer be on the table.
+      "As we said from the start...No agreement, no one million
+  bags," he told Reuters.
+      Shortfalls of 200,000 bags offered by OAMCAF, the African
+  and Malagasy Coffee Organization, and 20,000 bags offered by
+  Angola, are also no longer valid, delegates said.
+      The closest the board came to discussing quotas was a
+  briefing by the Guatemalan ICO delegate Rene Montes on a recent
+  Latin American producers meeting in Managua, delegates said.
+      There, the producers expressed their political will to
+  negotiate basic quotas, particularly in the face of the
+  damaging drop in coffee prices after the council failed to
+  agree quotas, Montes said.
+      The ICO board also reviewed export statistics and stock
+  verification. They expected talks on stock verification to take
+  up the remainder of today's session, delegates said.
+  
+
diff --git a/reuters/training/11268 b/reuters/training/11268
new file mode 100644
index 0000000000000000000000000000000000000000..dadff74d739fa4d9965864e9a0ae9fecddccd818
--- /dev/null
+++ b/reuters/training/11268
@@ -0,0 +1,10 @@
+HUDSON FOODS <HFI> TO MAKE ACQUISITION
+  Hudson Foods Inc said it has
+  agreed in principle to acquire Thies Cos Inc, a poultry, beef
+  and pork products provider to midwest supermarkets and food
+  distributors with sales of about 69 mln dlrs for the year ended
+  November One.
+      The company said a definitive agreement is expected to be
+  signed in April.  Terms were not disclosed.
+  
+
diff --git a/reuters/training/11269 b/reuters/training/11269
new file mode 100644
index 0000000000000000000000000000000000000000..902d6532500803df295f9bfa9ae72717a881f448
--- /dev/null
+++ b/reuters/training/11269
@@ -0,0 +1,13 @@
+IVORY COAST BOOSTS MAIZE OUTPUT
+  Ivory Coast maize output has risen
+  steadily during the last two decades and the country aims to
+  produce two mln tonnes annually "very rapidly," the official
+  daily Fraternite Matin reported.
+      It said the country reached self-sufficiency in maize three
+  years ago and harvested a record 530,000 tonnes in 1985
+  compared with only 200,000 tonnes 20 years earlier.
+      The daily did not detail 1986 output but said further
+  production increases are anticipated in the years ahead as part
+  of a policy of boosting domestic output to cut grain imports.
+  
+
diff --git a/reuters/training/11270 b/reuters/training/11270
new file mode 100644
index 0000000000000000000000000000000000000000..2e91494f9a5851e63915dbcab2bbdc8dfe89e85d
--- /dev/null
+++ b/reuters/training/11270
@@ -0,0 +1,14 @@
+ESSO MALAYSIA REPORTS HIGHER PROFIT IN 1986
+  Esso Malaysia Bhd, a unit of Exxon
+  Corp of the U.S., Reported net profit of 70 mln ringgit from
+  its petroleum and ammonia operations in 1986 compared with 48.7
+  mln in 1985. Chairman Gerald F Cox said the improved
+  performance was mainly due to product prices falling more
+  slowly than crude prices during the year.
+      He added that total sales volume increased as a result of
+  higher offtake by affiliated companies, while inland market
+  sales were maintained at around the previous year's levels.
+      But growth prospects in 1987 remained weak and 1986 results
+  are unlikely to be repeated in the current financial year.
+  
+
diff --git a/reuters/training/11271 b/reuters/training/11271
new file mode 100644
index 0000000000000000000000000000000000000000..781926744bbee05459362f713dcd529f9cf1897a
--- /dev/null
+++ b/reuters/training/11271
@@ -0,0 +1,14 @@
+THAILAND BUYS YUGOSLAV CRANES IN BARTER DEAL
+  The Cabinet approved a plan for the
+  Port Authority of Thailand to buy six gantry cranes from
+  Metalna Co of Yugoslavia for about 13.4 mln dlrs, a government
+  spokesman said.
+      He said Thailand will pay for 25 pct of the cost of the
+  cranes in U.S. Dlrs and the rest by sales of rice, textiles and
+  other commodities to Yugoslavia.
+      The Bangkok Shipowners and Agents Association has appealed
+  to the government to scrap the purchase plan. It said it would
+  be an unnecessary expense as most vessels calling at the port
+  already have their own cargo handling equipment.
+  
+
diff --git a/reuters/training/11272 b/reuters/training/11272
new file mode 100644
index 0000000000000000000000000000000000000000..2dde1d0dc3b4372a66c2318ba8808662fd580e12
--- /dev/null
+++ b/reuters/training/11272
@@ -0,0 +1,17 @@
+JEWELMASTERS <JEM> SEES NET BELOW ESTIMATES
+  Jewelmasters Inc said it expects to
+  report net income for the year ended January 31 20 to 25 pct
+  below analysts' estimates of 1,750,000 dlrs or 95 cts per share.
+      Jewelmasters sales sales for the year just ended were about
+  52.5 mln dlrs. In the prior year it earned 1,650,000 dlrs on
+  sales of 45.1 mln dlrs.
+      Jewelmasters said net income for the year was hurt by
+  disappointing sales in December and January, a high level of
+  advertising spending in the fourth quarter, higher than
+  expected opening expenses for 34 additional units and an
+  adjustment to inventory associated with a shift to a more
+  comprehensive inventory system.
+      Jewelmasters said it expects to report audited results for
+  the fourth quarter and year in about three weeks.
+  
+
diff --git a/reuters/training/11273 b/reuters/training/11273
new file mode 100644
index 0000000000000000000000000000000000000000..a9c45534e6eecbcddccb4bdd56fb5de451699fe1
--- /dev/null
+++ b/reuters/training/11273
@@ -0,0 +1,43 @@
+ALUMINIUM CAPACITY GROWTH TREND SEEN INSUFFICIENT
+  Aluminium capacity expansion planned for
+  the period after 1990 will be insufficient to supply any
+  acceleration in demand growth, let alone an increase on the
+  scale which seems likely, according to analyst Anthony Bird
+  Associates' 1987 Aluminium Review.
+      By 1995 non-socialist world primary capacity will need to
+  be around 18 mln tonnes, whereas on current plans only 15 mln
+  tonnes are scheduled, Bird said.
+      Bird forecast higher economic growth after 1990 and
+  increased imports by less developed countries.
+      Aluminium consumption growth is not expected to accelerate
+  by as much as general growth, but non-socialist world
+  consumption is nevertheless forecast to increase sharply from
+  13.77 mln tonnes in 1990 to 17.25 mln tonnes in 1995, Bird
+  said.
+      Aluminium companies were slow to adjust to the pace of
+  change after 1973, the review said, and now they have completed
+  this transition they may be in danger of remaining preoccupied
+  with the strategies of retrenchment and survival which have
+  served them well in recent years.
+      In order to encourage the construction of additional
+  smelters aluminium prices will need to settle at a higher
+  level.
+      Production costs are likely to rise again in the years
+  ahead as the glut of alumina capacity vanishes and electricity
+  suppliers take a more aggressive line with aluminium companies,
+  according to the review.
+      At March 1987 prices the three most likely cost-price
+  scenarios call for a long-run aluminium price of between 73 and
+  89.5 cents a lb, depending on exchange rates, Bird said.
+      Such a price development is not expected to cause any
+  marked competitive problems for the metal because of the likely
+  rise in commodity prices as a whole and cost pressures in the
+  pipeline for steel and copper.
+      In the short term, however, the outlook is dull, Bird said,
+  as the world economy has not responded well to the
+  opportunities offered by cheap oil.
+      Its 1987 consumption forecast of 13.01 mln tonnes is 0.4
+  pct down on 1986, while production is forecast six pct higher
+  in 1987 at 12.67 mln tonnes.
+  
+
diff --git a/reuters/training/11274 b/reuters/training/11274
new file mode 100644
index 0000000000000000000000000000000000000000..5403a98ec9895b428865eeb18693bb40e9e17b54
--- /dev/null
+++ b/reuters/training/11274
@@ -0,0 +1,11 @@
+ALPHA INDUSTRIES <AHA> SELLS DIVISION
+  Alpha Industries Inc said it has
+  sold its Microelectronics Division to Triax Corp for
+  undisclosed terms, retroactive to February One.
+      It said the division has yearly revenues of about 12 mln
+  dlrs and makes RF microwave components for the defense
+  electronics industry.
+      Alpha said it plans to concentrate on the high frequency
+  portion of the electromagnetic spectrum.
+  
+
diff --git a/reuters/training/11276 b/reuters/training/11276
new file mode 100644
index 0000000000000000000000000000000000000000..6198811ca38a2455651384d42ad4836629ab8d8b
--- /dev/null
+++ b/reuters/training/11276
@@ -0,0 +1,7 @@
+NORWEGIAN UNEMPLOYMENT FALLS IN MARCH
+  Unemployment fell in March to 36,510, or
+  1.7 pct of the workforce, compared with 39,700 (1.9 pct) in
+  February and 38,839 (2.2 pct) in March 1986, the Labour
+  Directorate said.
+  
+
diff --git a/reuters/training/11277 b/reuters/training/11277
new file mode 100644
index 0000000000000000000000000000000000000000..9d0719c1f7b0000b199c21fe4fb6420991a820be
--- /dev/null
+++ b/reuters/training/11277
@@ -0,0 +1,5 @@
+J.C. PENNEY DECLARES TWO FOR ONE SPLIT, RAISES QUARTERLY
+
+  J.C. PENNEY DECLARES TWO FOR ONE SPLIT, RAISES QUARTERLY
+  
+
diff --git a/reuters/training/11278 b/reuters/training/11278
new file mode 100644
index 0000000000000000000000000000000000000000..16d0597461c792782a28b7191f628c0860a60b0f
--- /dev/null
+++ b/reuters/training/11278
@@ -0,0 +1,17 @@
+LONDON MEAT FUTURES NEED MARKETING - CHAIRMAN
+  Pigmeat and beef futures, which have
+  been thinly traded on the London Meat Futures Exchange, LMFE,
+  despite lower physical prices and the introduction of new
+  contracts, need more effective marketing, LMFE chairman Pat
+  Elmer said in his annual report.
+      In 1986 the Exchange introduced live cattle and pig cash
+  settlement contracts, representing a move away from the
+  problems of cash distortions and squeezes, which initial
+  deliverable "buyers option" contracts created, he said.
+      Although the physical industry is aware of the market and
+  follows its prices keenly, this has not been reflected in
+  market volume, Elmer said.
+      "If we are to achieve our true potential the floor members
+  must give the market much more time and attention," he added.
+  
+
diff --git a/reuters/training/11279 b/reuters/training/11279
new file mode 100644
index 0000000000000000000000000000000000000000..b9dd59352f65fda994295305d41ad0c833d80bac
--- /dev/null
+++ b/reuters/training/11279
@@ -0,0 +1,24 @@
+INTERLINK SAYS NOT PLANNING BID FOR PUROLATOR
+  British package courier <Interlink
+  Express Plc> does not plan to bid for the whole or part of  
+  Purolator Courier Corp <PCC.N>, a spokesman said.
+      "There is no intention of making any sort of approach to
+  Purolator," the spokesman told Reuters, adding, "it would be a
+  case of David versus Goliath."
+      Interlink shares started trading in the U.K. Unlisted
+  Securities Market in October 1986. It posted pre-tax profits of
+  2.13 mln stg on turnover of 9.6 mln stg in the six months to
+  December 31, 1986. Purolator last year topped turnover of 465
+  mln dollars, the spokesman said.
+  between Purolator and Interlink in view of a takeover or
+  participation. He categorically denied press reports suggesting
+  Interlink was developing a buyout bid.
+      The reports said the proposed bid would be a price above
+  the 35 dlrs per share offered by <E.F. Hutton LBO Inc>. The
+  Hutton offer expires tomorrow.
+      The spokesman said Interlink was seeking to expand
+  business, first in continental Europe and later in the U.S. But
+  the company did not expect to gain foothold in the U.S. Market
+  until 1989 at the earliest, he said.
+  
+
diff --git a/reuters/training/1128 b/reuters/training/1128
new file mode 100644
index 0000000000000000000000000000000000000000..052197d79c6cb558a6e21a602fba764392eeaf36
--- /dev/null
+++ b/reuters/training/1128
@@ -0,0 +1,8 @@
+SUPRADUR COS INC <SUPD> YEAR NET
+  Oper shr 1.58 dlrs vs 77 cts
+      Oper net 1,648,000 vs 817,000
+      Sales 25.7 mln vs 20.5 mln
+      NOTE: Net excludes discontinued operations gain 451,000
+  dlrs vs loss 4,310,000 dlrs.
+  
+
diff --git a/reuters/training/11281 b/reuters/training/11281
new file mode 100644
index 0000000000000000000000000000000000000000..fa754ba17059ecadedb16715c5dc4bc2bccb9d88
--- /dev/null
+++ b/reuters/training/11281
@@ -0,0 +1,16 @@
+SOUTH KOREA TO RESIST CURRENCY REVALUATION
+  South Korean Finance Minister Chung
+  In-yong will resist pressure for a currency revaluation to cut
+  South Korea's trade surplus with the United States when he
+  meets Treasury Secretary James Baker next week, Finance
+  Ministry officials said.
+      They said Chung would leave Monday to attend the
+  International Monetary Fund's Interim Committee meeting and to
+  hold talks with Baker and other U.S. officials on ways to
+  reduce the surplus.
+      The April 9 committee meeting is expected to review the
+  agreement by six industrialized nations in Paris last month
+  that newly-industrialized countries, such as South Korea and
+  Taiwan, should allow their currencies to increase in value.
+  
+
diff --git a/reuters/training/11282 b/reuters/training/11282
new file mode 100644
index 0000000000000000000000000000000000000000..6487e407355a0d0964b1159c579c42d1f34fc91a
--- /dev/null
+++ b/reuters/training/11282
@@ -0,0 +1,7 @@
+PENNEY <JCP> SETS STOCK SPLIT, RAISES QUARTERLY
+  J.C. Penney Co Inc said its board
+  declared a two-for-one stock split and raised the quarterly
+  dividend 12 cts per share on a presplit basis to 74 cts.
+      Both are payable May One to holders of record April 10.
+  
+
diff --git a/reuters/training/11283 b/reuters/training/11283
new file mode 100644
index 0000000000000000000000000000000000000000..d5a8a0c596be1fc0d0f1cc07395ccbcce19a15f6
--- /dev/null
+++ b/reuters/training/11283
@@ -0,0 +1,6 @@
+HILLENBRAND INDUSTRIES INC <HB> 1ST QTR FEB 28
+  Shr 31 cts vs 28 cts
+      Net 11.9 mln vs 10.9 mln
+      Revs 167.2 mln vs 154.0 mln
+  
+
diff --git a/reuters/training/11284 b/reuters/training/11284
new file mode 100644
index 0000000000000000000000000000000000000000..991711aa0e34de60b6664a0140c09706a6c88860
--- /dev/null
+++ b/reuters/training/11284
@@ -0,0 +1,8 @@
+U.K. MONEY MARKET GIVEN 215 MLN STG LATE HELP
+  The Bank of England said it had provided
+  the money market with late assistance of around 215 mln stg.
+  This takes the bank's total help today to some 2.096 billion
+  stg and compares with its forecast of a two billion stg
+  shortage in the system today.
+  
+
diff --git a/reuters/training/11285 b/reuters/training/11285
new file mode 100644
index 0000000000000000000000000000000000000000..8b7afd31f9ccbf0d16a4a92e84dd49ea1d10a62a
--- /dev/null
+++ b/reuters/training/11285
@@ -0,0 +1,25 @@
+CABLE SAYS CONSORTIUM PROPOSALS NOT ACCEPTABLE
+  Cable and Wireless Plc <CAWL.L> said
+  proposals to resolve a dispute over entry to Japan's
+  telecommunications market were not acceptable.
+      A company spokesman said the proposals appear to have been
+  made in today's edition of the Japanese daily Asahi by Fumio
+  Watanabe, head of a telecommunications committee with the
+  Federation of Economic Organisations.
+      However, the suggestion still recommended a merger between
+  the two consortia tendering for contracts and would give Cable
+  a five pct stake, more than the three pct originally proposed
+  but less than the 20 pct it holds in its original venture, he
+  said.
+      The proposal would also offer a Cable nominee a seat on the
+  board of the merged company.
+      The spokesman said he believed Japan should accept
+  applications from the two rivals for fair review.
+      Earlier today Cable shares firmed on market speculation
+  that the dispute -- which is being treated by Britain's
+  government as a test case of how open the Japanese
+  telecommunications market is -- was near settlement.
+      Cable shares at 1350 GMT were quoted at 375p compared with
+  a close last night at 364p.
+  
+
diff --git a/reuters/training/11287 b/reuters/training/11287
new file mode 100644
index 0000000000000000000000000000000000000000..ca4e4a53ff7cd14ae84f9edca5ba80abb5fb762f
--- /dev/null
+++ b/reuters/training/11287
@@ -0,0 +1,26 @@
+U.S./JAPAN TRADE WAR NOT IN UK'S INTEREST - LAWSON
+  U.K. Chancellor of the Exchequer Nigel
+  Lawson said the United States and Japan must work to avert a
+  possible trade war, and he added that a trade war would not be
+  in the interests of Britain.
+      Lawson told journalists that "the prospects for the (U.K.)
+  economy look very very good - providing we can avoid a trade
+  war." He stressed that "a heavy responsiblity in different ways
+  lies on Japan and the United States to ensure that we do avoid
+  such a trade war."
+      Asked whether he believed such a trade war could be
+  averted, Lawson replied, "I very much hope so."
+      Britain last week warned that it would retaliate if Japan
+  did not move soon to open its markets to outside competition.
+      Prime Minister Margaret Thatcher gave notice that the U.K.
+  Would fight the Japanese government's attempt to prevent (Cable
+  and Wireless Plc) (CAWL.L) from taking a significant position
+  in a new Japanese international telecommunications venture.
+      But British officials are now trying to dampen
+  anti-Japanese rhetoric, to try to keep developments under
+  control.
+      The British Conservative government will on Thursday
+  consider what legal options are available to it to try to
+  increase U.K. Access to Japanese markets, officials said.
+  
+
diff --git a/reuters/training/11289 b/reuters/training/11289
new file mode 100644
index 0000000000000000000000000000000000000000..d78a96a312abb9897948ab0e0be800c9810ab453
--- /dev/null
+++ b/reuters/training/11289
@@ -0,0 +1,5 @@
+GAF CORP OFFERS 36 DLRS A SHARE CASH FOR BORG-WARNER
+
+  GAF CORP OFFERS 36 DLRS A SHARE CASH FOR BORG-WARNER
+  
+
diff --git a/reuters/training/11291 b/reuters/training/11291
new file mode 100644
index 0000000000000000000000000000000000000000..9d4119bb25141fa7fa9c5c8e0e03150f34b3277a
--- /dev/null
+++ b/reuters/training/11291
@@ -0,0 +1,30 @@
+ECONOMISTS CUT AUSTRIAN GDP GROWTH FORECAST
+  The Institute for Economic Research
+  (WIFO) said it has cut its forecast for Austria's 1987 gross
+  domestic product growth to a real one pct from a two pct
+  forecast made last December.
+      WIFO chief Helmut Kramer told a new conference that he saw
+  the one pct figure, which compares with 1.8 pct last year, as
+  the upper limit of growth. The institute had made the revision
+  due to poor prospects for Austrian exports, he added.
+      A collapse in sales to the Eastern European and oil
+  producing states, combined with the effects of the dollar's
+  fall, mean exports overall are unlikely to rise this year.
+      Kramer said domestic demand alone would fuel growth this
+  year. After last year's 2.8 pct rise in real incomes, private
+  consumption was likely to rise 2.25 pct in 1987 after 1.9 pct
+  in 1986, despite a present trend towards higher savings.
+      Unemployment was likely to rise to almost six pct from 5.2
+  pct last year due to the slack economic activity.
+      Kramer said the current account was likely to run a deficit
+  of about four billion schillings compared with a 2.6 billion
+  surplus recorded last year. The National Bank, Austria's
+  central bank, last month forecast the current account would be
+  roughly in balance this year.
+      However, Kramer said the lower economic growth should have
+  no notable effect on the government's attempts to cut the
+  budget deficit. This year's aim of reducing the deficit to 4.9
+  pct of GDP from 5.1 pct in 1986 could still be achieved, he
+  said.
+  
+
diff --git a/reuters/training/11292 b/reuters/training/11292
new file mode 100644
index 0000000000000000000000000000000000000000..2766e013e6152f0a0a677451d8db5105195208c9
--- /dev/null
+++ b/reuters/training/11292
@@ -0,0 +1,50 @@
+FERRUZZI MAY FLOAT UP TO 49 PCT OF PARIS UNIT
+  <Gruppo Ferruzzi> is studying a
+  project which could result in a public share offer of up to 49
+  pct of its French unit <European Sugar (France)> and could
+  raise around 400 mln dlrs, Ferruzzi chairman Raul Gardini said.
+      Gardini told Reuters the operation under consideration was
+  aimed at "international markets" and that the figure of 400 mln
+  dlrs given in some press reports "was probably about right."
+      European Sugar, wholly-owned by Ferruzzi unit Eridania
+  Zuccherifici Nazionali SpA <ERDI.M>, is expected to absorb the
+  European corn wet milling business of CPC International Inc
+  <CPC.N> which Ferruzzi recently agreed to buy.
+      Ferruzzi announced last week it had agreed in principle to
+  buy the CPC operation for 630 mln dlrs.
+      A Ferruzzi spokesman later confirmed that the group was
+  studying the transfer of the CPC business to European Sugar
+  along with a possible share offering in the Paris unit, but
+  gave no details.
+      The flotation plan has been interpreted by financial
+  analysts as a means of helping finance the acquisition of the
+  CPC business.
+      In London yesterday, chairman of Belgian starch producer
+  <Amylum NV> Pierre Callebaut told Reuters that since Ferruzzi
+  was "apparently still organising finance," his company might
+  still succeed with its rival bid for the CPC business.
+      Gardini, commenting on Callebaut's remarks, said the 630
+  mln dlrs agreed for the CPC acquisition would be paid "at the
+  date foreseen in the preliminary contract."
+      Gardini could not reveal the date in question nor give any
+  indication of the likely timing of an offering of shares in
+  European Sugar, but it was announced last week that Ferruzzi's
+  purchase of the CPC business was expected to be completed by
+  September 30.
+      Callebaut said yesterday that Amylum was surprised and
+  disappointed that its 675 mln dlr bid cash offer for CPC's
+  European business was apparently rejected in favour of
+  Ferruzzi's lower bid.
+      Gardini, commenting on Callebaut's remarks, said "Amylum
+  should know that one succeeds in a bid by making the right
+  offer at the right moment - exactly as Ferruzzi did in the case
+  of the acquisition of CPC's European business."
+      Gardini said it was not Callebaut's business to concern
+  himself with the European Sugar capital raising operation under
+  study, he added.
+      Asked about press reports that Ferruzzi might follow up the
+  European Sugar flotation with the sale of 49 pct of the CPC
+  business, Gardini said: "We do not exclude having minority
+  partners in the CPC business." He declined to elaborate.
+  
+
diff --git a/reuters/training/11295 b/reuters/training/11295
new file mode 100644
index 0000000000000000000000000000000000000000..cae0db7d971293347d81e115607edc7c39730e54
--- /dev/null
+++ b/reuters/training/11295
@@ -0,0 +1,5 @@
+CORRECTED - GAF CORP OFFERS 46 DLRS A SHARE CASH FOR BORG-WARNER (CORRECTING AMOUNT)
+
+  CORRECTED - GAF CORP OFFERS 46 DLRS A SHARE CASH FOR BORG-WARNER (CORRECTING AMOUNT)
+  
+
diff --git a/reuters/training/11297 b/reuters/training/11297
new file mode 100644
index 0000000000000000000000000000000000000000..0f1615f033686f37be55d8506801f8d129ef6848
--- /dev/null
+++ b/reuters/training/11297
@@ -0,0 +1,21 @@
+U.S. TREASURY'S BAKER SEES RATE STABILITY
+  Treasury Secretary James Baker said
+  the agreement among the industrial countries reached in Paris
+  last month should foster stability of exchange rates at around
+  current levels.
+      In testimony before the House Appropriations Committee,
+  Baker outlined many of the measures taken designed to achieve
+  more balanced growth and a reduction of trade imbalances during
+  the Paris meeting.
+      "These measures should also foster greater stability of
+  exchange rates around current levels," he said.
+      Baker reiterated that the ministers at the Paris meeting
+  agreed that their currencies were within ranges "broadly
+  consistent with underlying economic fundamentals and that
+  further substantial exchange rate shifts could damage growth
+  and adjustment prospects."
+      He added: "In these circumstances, we agreed to cooperate
+  closely to foster stability of exchange rates around current
+  levels."
+  
+
diff --git a/reuters/training/11299 b/reuters/training/11299
new file mode 100644
index 0000000000000000000000000000000000000000..9d47d7609047162639d53dfd7dabfbbb47a3c47c
--- /dev/null
+++ b/reuters/training/11299
@@ -0,0 +1,36 @@
+GAF <GAF> SEEKS ALL OF BORG-WARNER <BOR>
+  GAF Corp said it has made an all
+  cash merger proposal to Borg-Warner Corp at 46 dlrs per share
+  for all the company's common stock.
+      Following a meeting yesterday with Borg-Warner officials
+  and investment bankers, GAF said, it is today delivering a
+  letter to the Borg-Warner board outling the terms of the
+  proposal that would be made by tender offer, pursuant to a
+  mutually acceptable merger agreement to be approved by the
+  Borg-Warner board and conditioned on that board's
+  recommendation of the tender offer and merger.
+      GAF, in its letter, stated it intends to finance the
+  proposed acquisition entirely with its own funds and bank
+  borrowings under a syndicated bank loan from a group of banks
+  led by Chase Manhattan Corp's <CMB> Chase Manhattan Bank.
+      Last week, GAF increased its ownership of Borg-Warner
+  shares to 19.9 pct of those outstanding Minstar Inc <MNST> sold
+  its 12.4 pct holding.
+      GAF emphasized "the amicable nature of the proposed
+  transaction," which it characterized as a partnership.
+      GAF said it wanted to discuss with the Borg-Warner board 
+  key roles for Borg-Warner's senior management in the new
+  organization, board representation for Borg-Warner directors on
+  a newly constituted board, and a company name change.
+      GAF said it will be filing an amendment to its 13-D with
+  the U.S. Securities and Exchange Commission.
+      Borg-Warner has about 85.6 mln common shares outstanding.
+      Minstar chairman Irwin L. Jacobs sold his stake after
+  Borg-Warner after the company failed to respond to his
+  mid-February offer for a negotiated agreement at a minimum
+  price of 44 dlrs a share.
+      In November, Jacobs had offered to enter into acquisition
+  talks with Borg-Warner based on a price of between 43 and 48
+  dlrs a share.
+  
+
diff --git a/reuters/training/113 b/reuters/training/113
new file mode 100644
index 0000000000000000000000000000000000000000..252e4d07ba1e177fc1ebb96e49b2f2b5d55a9490
--- /dev/null
+++ b/reuters/training/113
@@ -0,0 +1,12 @@
+LIBERTY ALL-STAR <USA> SETS INITIAL PAYOUT
+  Liberty All-Star Equity Fund said
+  it declared an initial dividend of five cts per share, payable
+  April two to shareholders of record March 20.
+      It said the dividend includes a quarterly dividend of three
+  cts a share and a special payout of two cts a share, which
+  covers the period from November three, 1986, when the fund
+  began operations, to December 31, 1986.
+      The fund said its quarterly dividend rate may fluctuate in
+  the future.
+  
+
diff --git a/reuters/training/11300 b/reuters/training/11300
new file mode 100644
index 0000000000000000000000000000000000000000..fedd901f747cb45e92344fc7345a30015c47b745
--- /dev/null
+++ b/reuters/training/11300
@@ -0,0 +1,10 @@
+<TRANS CANADA GLASS LTD> 4TH QTR LOSS
+  Shr loss 11 cts vs loss eight cts
+      Net loss 500,000 vs loss 500,000
+      Sales 47.4 mln vs 37.5 mln
+      Year
+      Shr profit 70 cts vs profit 89 cts
+      Net profit 4.4 mln vs profit 5.3 mln
+      Sales 195.5 mln vs 148.3 mln
+  
+
diff --git a/reuters/training/11301 b/reuters/training/11301
new file mode 100644
index 0000000000000000000000000000000000000000..4a3c5d0443e0286ff94233d364a6b33a6b8b0110
--- /dev/null
+++ b/reuters/training/11301
@@ -0,0 +1,15 @@
+GEOTHERMAL RESOURCES INTERNATIONAL INC <GEO>
+  Year
+      Oper shr 1.23 dlrs vs 1.85 dlrs
+      Oper shr diluted 1.23 dlrs vs 1.79 dlrs
+      Oper net 6,799,000 vs 9,321,000
+      Revs 7,474,000 vs 12.4 mln
+      Avg shrs 4,503,000 vs 4,350,000
+      Avg shrs diluted 4,508,000 vs 5,206,000
+      NOTE: Net excludes gains from discontinued operations of
+  386,000 dlrs vs 903,000 dlrs.
+      1986 year net excludes gain 1,910,000 dlrs from sale of
+  discontinued operations.
+      Net includes tax credits of 9,450,000 dlrs vs 11.9 mln dlrs.
+  
+
diff --git a/reuters/training/11302 b/reuters/training/11302
new file mode 100644
index 0000000000000000000000000000000000000000..0dc5802fbcfcf4170bbc35f884826b5f7597b1ff
--- /dev/null
+++ b/reuters/training/11302
@@ -0,0 +1,13 @@
+FIRST CITY INDUSTRIES INC <FCY> 4TH QTR NET
+  Opoer shr profit 17 cts vs loss 96 cts
+      Oper net profit 2,293,000 vs loss 7,110,000
+      Sales 116.0 mln vs 108.3 mln
+      Year
+      Oper shr loss 2.03 dlrs vs loss 2.12 dlrs
+      Oper net loss 13.8 mln vs loss 11.6 mln
+      Sales 454.0 mln vs 446.4 mln
+      NOTE: Net excludes gains from discontinued operations of
+  10.2 mln dlrs vs 1,985,000 dlrs in quarter and 4,262,000 dlrs
+  vs 1,320,000 dlrs in year.
+  
+
diff --git a/reuters/training/11305 b/reuters/training/11305
new file mode 100644
index 0000000000000000000000000000000000000000..5ee8422f63fe81b5bc532879a506e442a9c6941b
--- /dev/null
+++ b/reuters/training/11305
@@ -0,0 +1,14 @@
+MAGELLAN PETROLEUM CORP <MPET> 3RD QTR JAN 31
+  Shr loss nil vs profit nil
+      Net loss 90,656 vs profit 892
+      Revs 2,194,242 vs 2,481,784
+      Avg shrs 19.5 mln vs 16.1 mln
+      Nine mths
+      Shr profit nil vs loss one ct
+      Net profit 42,824 vs loss 149,150
+      Revs 6,364,992 vs 6,503,811
+      Avg shrs 19.5 mln vs 16.1 mln
+      NOTE: Net includes tax credits of 98,338 dlrs vs 81,492
+  dlrs in quartrer and 193,193 dlrs vs 226,560 dlrs in nine mths.
+  
+
diff --git a/reuters/training/11306 b/reuters/training/11306
new file mode 100644
index 0000000000000000000000000000000000000000..9035ebfc156ad251d533b045fcb36d86ec07dc4b
--- /dev/null
+++ b/reuters/training/11306
@@ -0,0 +1,9 @@
+TERRA MINES LTD <TMEXF> YEAR LOSS
+  Shr loss 89 cts vs loss 17 cts
+      Net loss 13.9 mln vs loss 1,996,000
+      Revs 204,000 vs 2,087,000
+      Note: 1986 includes writedown of 12.5 mln dlrs for the
+  costs of mineral properties and deferred exploration and
+  development Bullmoose Lake in the Northwest Territories.
+  
+
diff --git a/reuters/training/11307 b/reuters/training/11307
new file mode 100644
index 0000000000000000000000000000000000000000..b6a165ba21189def92919c7690bd0835d3513a2e
--- /dev/null
+++ b/reuters/training/11307
@@ -0,0 +1,11 @@
+MERRILL CORP <MRLL> 4TH QTR JAN 31 NET
+  Shr 17 cts vs 17 cts
+      Net 777,000 vs 595,000
+      Revs 12.9 mln vs 11.7 mln
+      Year
+      Shr 68 cts vs 48 cts
+      Net 2,957,000 vs 1,614,000
+      Revs 49.4 mln vs 38.6 mln
+      Avg shrs 4,344,204 vs 3,337,284
+  
+
diff --git a/reuters/training/11308 b/reuters/training/11308
new file mode 100644
index 0000000000000000000000000000000000000000..8b73c2344f40c6c2b389673cb5df594301611594
--- /dev/null
+++ b/reuters/training/11308
@@ -0,0 +1,11 @@
+D.O.C. OPTICS CORP <DOCO> 4TH QTR LOSS
+  Shr loss 11 cts vs profit 12 cts
+      Net loss 286,817 vs profit 292,014
+      Revs 9,972,379 vs 9,413,304
+      Year
+      Shr profit 63 cts vs profit 57 cts
+      Net profit 1,547,893 vs profit 1,481,703
+      Revs 43.9 mln vs 41.0 mln
+      Avg shrs 2,474,820 vs 2,617,768
+  
+
diff --git a/reuters/training/1131 b/reuters/training/1131
new file mode 100644
index 0000000000000000000000000000000000000000..c6d36bf418ab65f19c591a6c3acbab5812e94129
--- /dev/null
+++ b/reuters/training/1131
@@ -0,0 +1,27 @@
+U.S. SETS CORN DEFICIENCY PAYMENT HALF PIK CERTS
+  The upcoming five-month deficiency
+  payments to corn and sorghum farmers will be made half in cash
+  and half in generic commodity certificates, a senior
+  Agriculture Department official told Reuters.
+      Around 300 mln dlrs of the in-kind certificates, or
+  "certs," will be mailed out to farmers around March 15 or 16,
+  Tom von Garlem, Assistant Deputy Administrator for USDA's state
+  and county operations, said.
+      The decision to make the payments in a 50/50 cash/certs
+  ratio was made Monday, but payments to producers will be
+  delayed until mid-month due to a problem with USDA's computer
+  program, von Garlem said.
+  get 11.5 cts per bushel in this next payment -- 5.75 cts in
+  certs and around 5.5 cts cash (5.75 cts minus Gramm-Rudman).
+      Farmers who did not receive advance deficiency payments at
+  signup will receive 63 cts per bushel. Slightly more than half
+  of this payment will be in cash, von Garlem said, but he said
+  this will not markedly upset the 50/50 ratio, since most
+  farmers got advance payments.
+      "The final certificate payments will be very close to 300
+  mln dlrs," he said.
+      When asked if the Office of Management and Budget had
+  resisted the cash/certs ratio, the USDA official said that "we
+  proposed 50/50 and OMB accepted it."
+  
+
diff --git a/reuters/training/11314 b/reuters/training/11314
new file mode 100644
index 0000000000000000000000000000000000000000..745283ced6c57bc1e67dd5d1a4eb6c74d96f31fe
--- /dev/null
+++ b/reuters/training/11314
@@ -0,0 +1,15 @@
+U.S. TREASURY'S BAKER SEES EXPANSION CONTINUING
+  Treasury Secretary James Baker said
+  that the current expansion, which he noted was in its fifth
+  year, will continue in the period ahead.
+      He told the House Appropriations Committee that "there is
+  every prospect that the current expansion will continue
+  unabated through 1987 and the years beyond."
+      Baker said interest rates over the period have continued to
+  decline and that "policies of the Federal Reserve assure that
+  ample credit was available.
+      He said that the administration's longer term forecast
+  envisioned that "we will maintain and improve upon our progress
+  in bringing down the rate of inflation."
+  
+
diff --git a/reuters/training/11315 b/reuters/training/11315
new file mode 100644
index 0000000000000000000000000000000000000000..69a0ccdd7015c92acd0d38ed08767efe7bd46a0f
--- /dev/null
+++ b/reuters/training/11315
@@ -0,0 +1,13 @@
+EC APPROVES MEDITERRANEAN FINANCIAL PACKAGES
+  EC ministers have approved financial
+  packages for several Mediterranean states totalling 1.6 billion
+  European currency units, an EC official said.
+      The packages, part of special EC trade agreements with
+  Tunisia, Egypt, Lebanon, Israel, Algeria, Morocco and Jordan
+  until 1992, include 615 mln Ecus in grants, he said.
+      They include one billion Ecus in loans from the European
+  Investment Bank, the EC long-term financing arm. The framework
+  for the transfers was signed yesterday by EC farm ministers
+  after being agreed in principle by foreign ministers earlier.
+  
+
diff --git a/reuters/training/11316 b/reuters/training/11316
new file mode 100644
index 0000000000000000000000000000000000000000..c1da12385a361a9ebc7449ea6a03250a2eb16857
--- /dev/null
+++ b/reuters/training/11316
@@ -0,0 +1,15 @@
+SOVIET UNION FEATURES IN U.K. GRAIN EXPORTS
+  The Soviet Union featured prominently in
+  U.K. Grain exports outside the EC for the period July 1/March
+  13, taking a combined total of 1.10 mln tonnes of wheat and
+  barley out of all-destination U.K. Exports of 7.16 mln tonnes,
+  the Home Grown Cereals Authority said, quoting provisional
+  Customs and Excise figures.
+      The Soviet total comprises 634,000 tonnes of wheat and
+  472,000 tonnes of barley. Grain traders said the figures
+  understate shipments already made by several thousand tonnes
+  and they expect total U.K. Grain exports to the USSR this
+  season to reach 2.5 mln tonnes, comprising 1.5 mln wheat/1.0
+  mln barley.
+  
+
diff --git a/reuters/training/11317 b/reuters/training/11317
new file mode 100644
index 0000000000000000000000000000000000000000..8c9541b972d4ab25c1e9ffe016ff23a425589d41
--- /dev/null
+++ b/reuters/training/11317
@@ -0,0 +1,10 @@
+SOUTHERN HOSPITALITY CORP <SHOS> 3RD QTR FEB 28
+  Shr loss 23 cts vs loss 11 cts
+      Net loss 1,128,412 vs loss 548,054
+      Sales 9,827,784 vs 12.1 mln
+      Nine mths
+      Shr loss 19 cts vs profit 11 cts
+      Net loss 926,924 vs profit 527,004
+      Sales 32.3 mln vs 37.5 mln
+  
+
diff --git a/reuters/training/11320 b/reuters/training/11320
new file mode 100644
index 0000000000000000000000000000000000000000..18da9c61267dfd889e3ad3e534fe079a20d984d4
--- /dev/null
+++ b/reuters/training/11320
@@ -0,0 +1,18 @@
+ELDER-BEERMAN STORES CORP <ELDR> 4TH QTR FEB ONE
+  Oper shr 89 cts vs 1.31 dlrs
+      Oper net 3,345,000 vs 4,885,000
+      Sales 126.8 mln vs 120.1 mln
+      Year
+      Oper shr 1.67 dlrs vs 2.15 dlrs
+      Oper net 6,299,000 vs 8,013,000
+      Sales 380.9 mln vs 352.1 mln
+      NOTE: Share adjusted for five pct stock dividend.
+      Prior year net both periods excludes gain 1,998,000 dlrs
+  from reversion of overfunded pension plans.
+      Year net includes pretax LIFO inventory charge 600,000 dlrs
+  vs credit 900,000 dlrs.*Tax rate 40.6 pct vs 32.0 pct due to
+  impact of Tax Reform Act of 1986.
+      Bad debt writeoffs for year up one mln dlrs pretax from the
+  year before.
+  
+
diff --git a/reuters/training/11322 b/reuters/training/11322
new file mode 100644
index 0000000000000000000000000000000000000000..0db4ea159490d497a6648888d9eec807495d6eab
--- /dev/null
+++ b/reuters/training/11322
@@ -0,0 +1,22 @@
+TREASURY'S BAKER SAYS COOPERATION WORKING
+  Treasury Secretary James Baker said
+  that the agreement in Paris to cooperate in exchange rate
+  changes showed that the process of coordination agreed to at
+  the Tokyo summit was working.
+      He told the House Appropriations Committee the meeting
+  "demonstrated that the process is working."
+      He noted that the industrial surplus countries committed
+  themselves to strengthen their growth prospects while the
+  deficit countries agreed to reduce their domestic imbalances.
+  
+      Baker said that for its part, Japan announced a cut in its
+  discount rate to 2.5 pct and committed itself to prepare a
+  comprehensive economic program to stimulate domestic demand
+  after the Diet completes action on the current budget.
+      He said the United States must also do its share pressing
+  for reductions in the federal budget deficit through spending
+  cuts.
+      "And we must continue to oppose protectionist pressures,"
+  he added.
+  
+
diff --git a/reuters/training/11324 b/reuters/training/11324
new file mode 100644
index 0000000000000000000000000000000000000000..13341575d964f42f6a761c56038d6ac28bdd481c
--- /dev/null
+++ b/reuters/training/11324
@@ -0,0 +1,24 @@
+AKZO PLANNING US INVESTMENTS
+  Dutch chemicals group Akzo
+  NV <AKZO.AS> said it hoped to consolidate its core activities
+  this year by making small acquisitions in the US.
+     Akzo chairman Aarnoud Loudon told a news conference on its
+  1986 report that the company wanted to achieve the same level
+  of US investments it had before it divested its fibre firm
+  American Enka in December 1985, when US investments represented
+  20 pct of Akzo's total capital.
+     The US expansion plans were not an attempt to compensate for
+  losses in guilder income through the lower dollar, Loudon said.
+      He said a more important factor was the speed of growth in
+  the US, adding "It's the largest industrial market in the world."
+  But he said the company would also be looking at possible
+  acquisitions in Europe.
+      Despite its highly liquid cash flow, Akzo did not plan
+  acquisitions on a scale that would negatively influence the
+  company's debt/equity ratio, Loudon said.
+     The chairman said in the past two years Akzo had spent 1.1
+  billion guilders on acquisitions, of which nearly two thirds
+  were in the United States.
+  REUTER...
+  
+
diff --git a/reuters/training/11327 b/reuters/training/11327
new file mode 100644
index 0000000000000000000000000000000000000000..76de8dac00f6d65c78010f7f4d02e367b99916a8
--- /dev/null
+++ b/reuters/training/11327
@@ -0,0 +1,43 @@
+OECD SEES MAJOR ADJUSTMENT FOR AUSTRALIA
+  Australia faces a major medium term
+  adjustment to reduce debt and improve its economic performance,
+  the Organisation for Economic Cooperation and Development said
+  in its latest annual review of the Australian economy.
+      It said Australia had a current external deficit of 5-3/4
+  pct of gross domestic product, high and rapidly rising external
+  debt equal to 30 pct of GDP, growing servicing costs and
+  inflation above nine pct, far higher than that of other OECD
+  countries.
+      A major policy change in early 1985 helped lay the basis
+  for sustained non-inflationary growth and external
+  competitiveness had improved, but economic performance overall
+  had sharply deteriorated since June 1985.
+      A major shift of real resources to the external sector --
+  about 4-1/2 pct of GDP by 1990-91 -- was required for the
+  economy to expand in line with potential, for employment to
+  grow, and for the debt/GDP ratio to stabilize, it said.
+      Success depended on the setting of right policies including
+  tighter fiscal policy, a reduction in the public sector
+  borrowing requirement and on private sector behaviour.
+      Looking ahead over the next 18 months, the OECD expected
+  economic performance to improve, partly as a result of tighter
+  fiscal and monetary policy, and a substantial improvement in
+  trade volumes.
+      It said positive GDP growth of three pct might be restored,
+  the current external deficit could fall to some 4-1/2 pct of
+  GDP by the first half of next year, while inflation was
+  projected to decelerate to around five to 5-1/2 pct by
+  mid-1988.
+      Continued real wage moderation was essential to maintain
+  the competitive edge created by the Australian dollar's
+  depreciation, and to maintain if not boost profit shares in
+  order to encourage business investment.
+      The report urged Australia to broaden its export base by
+  developing viable and competitive service and manufacturing
+  industries, and not count on a recovery of commodity markets to
+  correct its external imbalances.
+      It added Australia should reduce protection levels in
+  manufacturing, even though faster trade liberalisation would no
+  doubt hurt the most protected sectors of industry.
+  
+
diff --git a/reuters/training/11330 b/reuters/training/11330
new file mode 100644
index 0000000000000000000000000000000000000000..33a185072b222cf7066255431dbef7da4526f2d2
--- /dev/null
+++ b/reuters/training/11330
@@ -0,0 +1,56 @@
+U.S. SUGARBEET PLANTINGS SEEN RISING IN 1987
+  Representatives of U.S. sugar grower
+  organizations said they expect some increase the area planted
+  to sugarbeets this year and said the prospects for the 1987
+  cane sugar crop also are good.
+      Dave Carter, president of the U.S. beet sugar association,
+  said plantings may be up in two major beet growing states,
+  California and Michigan, while sowings could be down slightly
+  in the largest producing state of Minnesota.
+      Overall, Carter predicted beet plantings would rise in the
+  midwest, and this coupled with increases in California would
+  increase U.S. sugarbeet plantings slightly from the 1.232 mln
+  acres sown last year.
+      USDA later today releases its first estimate of 1987 U.S.
+  sugarbeet plantings in the prospective plantings report.
+      The main reason for the expected increase in beet sowings
+  is that returns from competing crops such as soybeans and
+  grains are "just awful," said Carter.
+      In the midwest, bankers are strongly encouraging farmers to
+  plant sugarbeets because the U.S. sugar program offers a loan
+  rate of 18 cents per pound and because payments to farmers from
+  beet processors are spread evenly over the growing season, said
+  Luther Markwart, executive vice president of the American
+  sugarbeet growers association.
+      "The banks are putting a lot of pressure on these guys,"
+  Markwart said.
+      In some areas there are waiting lists of farmers seeking a
+  contract with processors to plant beets, Markwart said.
+      USDA's report today will not include any harvested area
+  estimates for sugarcane, but representatives of Florida, Hawaii
+  and Louisiana growers said crop prospects are good.
+      Horis Godfrey, a consultant representing Florida and Texas
+  cane growers, said Florida cane is off to a good start  because
+  for the first time in several years there was no winter freeze.
+  Although area to be harvesteed is about the same as last year,
+  cane production may be up in Florida this year, he said.
+      In Hawaii, area harvested may decline slightly this year,
+  but likely will be offset again in 1987 by increased yields,
+  said Eiler Ravnholt, vice president of the Hawaiian Sugar
+  Planters Association.
+      The acreage planted to sugarbeets will receive more than
+  the usual amount of attention this year because of mounting
+  concern that continued increases in domestic sugar production
+  threaten the U.S. sugar program, industry sources said.
+      The increases in beet plantings have especially caused
+  concern among cane growers who have not expanded plantings,
+  particularly in Hawaii, industry officials said.
+      "We haven't had a good weather year throughout the beet and
+  cane areas in more than five years," said Godfrey, adding that
+  the U.S. may be due for a good weather year.
+      Rep. Jerry Huckaby, D-La., chairman of the House
+  agriculture subcommittee responsible for the sugar program, has
+  threatened to offer legislation next year to curb domestic
+  sweetener output if growers fail to restrain output in 1987.
+  
+
diff --git a/reuters/training/11333 b/reuters/training/11333
new file mode 100644
index 0000000000000000000000000000000000000000..9b0bf0d1a783fb82afd621a4e092797307bd0a33
--- /dev/null
+++ b/reuters/training/11333
@@ -0,0 +1,13 @@
+HECK'S INC <HEX> 4TH QTR JAN THREE NET
+  Shr losses not given
+      Net loss 7,800,000 vs loss 5,400,000
+      Sales 181.2 mln vs 182.0 mln
+      Year
+      Shr losses not given
+      Net loss 17.8 mln vs loss 4,900,000
+      Sales 566.3 mln vs 523.3 mln
+      NOTE: Company operating in Chapter 11 bankruptcy.
+      1986 year net includes four mln dlr LIFO charge and
+  3,400,000 dlr credit from pension plan termination.
+  
+
diff --git a/reuters/training/11335 b/reuters/training/11335
new file mode 100644
index 0000000000000000000000000000000000000000..6950d9ca2cf1f9b43cd2d559e5d7ac84b1e5b158
--- /dev/null
+++ b/reuters/training/11335
@@ -0,0 +1,11 @@
+CAPITAL BANCORP <CAPB> SEES GAIN ON UNIT SALE
+  Capitol Bancorp said it has sold its 80
+  pct interest in CAP Mortgage Co Inc for 3.1 mln dlrs, adding
+  this is expected to result in an after tax gain of about
+  900,000 dlrs to be reported in the first quarter.
+      Capitol Bancorp said the CAP Mortgage interest was sold to
+  Michael M. Bronstein, president of CAP Mortgage, and Robert
+  Fox, president of Fox Properties Inc. Bronstein already held
+  the other 20 pct of CAP Mortgage's stock.
+  
+
diff --git a/reuters/training/11336 b/reuters/training/11336
new file mode 100644
index 0000000000000000000000000000000000000000..283190402d9deb6fd4fe21d65dacc91cb362511d
--- /dev/null
+++ b/reuters/training/11336
@@ -0,0 +1,13 @@
+4G DATA SYSTEMS <GGGG> 3RD QTR NET
+  qtr ends Jan 31
+      Shr nil vs nil
+      Net 2,213 vs 16,288
+      Revs 1,418,019 vs 795,522
+      Avg shrs 6,650,000 vs 4,150,000
+      Nine mths
+      Shr two cts vs three cts
+      Net 118,984 vs 103,384
+      Revs 4,066,605 vs 2,741,241
+      Avg shrs 6,650,000 vs 3,969,444
+  
+
diff --git a/reuters/training/11338 b/reuters/training/11338
new file mode 100644
index 0000000000000000000000000000000000000000..3e3a539b7c5bef3cb40914a832d93f5c4c2b55e3
--- /dev/null
+++ b/reuters/training/11338
@@ -0,0 +1,8 @@
+<NIKI-LU INDUSTRIES INC> YEAR NET
+  Oper shr profit 18 cts vs loss 38 cts
+      Oper net profit 577,000 vs loss 1,147,000
+      Revs 16.3 mln vs 19.8 mln
+      Avg shrs 3,227,625 vs 3,057,206
+      NOTE: 1986 net excludes 485,000 dlr tax credit.
+  
+
diff --git a/reuters/training/1134 b/reuters/training/1134
new file mode 100644
index 0000000000000000000000000000000000000000..a1c30384cac92030a00acd111a8bbfc21c01d3a5
--- /dev/null
+++ b/reuters/training/1134
@@ -0,0 +1,11 @@
+WALLACE COMPUTER SERVICES INC <WCS> 2ND QTR NET
+  Shr 69 cts vs 64 cts
+      Net 7,046,000 vs 6,492,000
+      Sales 85.7 mln vs 79.6 mln
+      Six Mths
+      Shr 1.28 dlrs vs 1.19 dlrs
+      Net 13,098,000 vs 12,006,000
+      Sales 166.3 mln vs 153.3 mln
+      NOTE: Periods end January 31, 1987 and 1986, respectively.
+  
+
diff --git a/reuters/training/11340 b/reuters/training/11340
new file mode 100644
index 0000000000000000000000000000000000000000..5a42fc50aa6a87308e0e3fe05da3d51e0986da30
--- /dev/null
+++ b/reuters/training/11340
@@ -0,0 +1,7 @@
+COLOROCS CORP <CLRX> YEAR LOSS
+  Shr loss 28 cts vs loss 29 cts
+      Net loss 2,086,477 vs loss 1,466,907
+      Revs 218,864 vs 60,000
+      Avg shrs 7,510,781 vs 4,990,168
+  
+
diff --git a/reuters/training/11341 b/reuters/training/11341
new file mode 100644
index 0000000000000000000000000000000000000000..499e1cf986c189c7f7620ac7a93f79d837d49494
--- /dev/null
+++ b/reuters/training/11341
@@ -0,0 +1,23 @@
+CSCE RESTRUCTURES COFFEE FUTURES DAILY LIMITS
+  The Coffee, Sugar and Cocoa Exchange
+  has expanded the normal daily trading limit in Coffee "C"
+  contracts to 6.0 cents a lb, from the previous 4.0 cents,
+  effective today, the CSCE said.
+      The new daily limits apply to all but the two nearby
+  positions, currently May and July, which trade without limits.
+      In addition, the 6.0 cent limit can be increased to 9.0
+  cents a lb if the first two limited months both make limit
+  moves in the same direction for two consecutive sessions,
+  according to the CSCE announcement.
+      Before the rule change today, the CSCE required two days of
+  limit moves in the first three restricted contracts before
+  expanding the daily trading limit.
+      Under new guidelines, if the first two restricted
+  deliveries move the 6.0 cent limit for two days the Exchange
+  will expand the limit. The expanded 9.0 cent limit will remain
+  in effect until the settling prices on both of the first two
+  limited months has not moved by more than the normal 6.0 cent
+  limit for other contracts in two successive trading sessions,
+  the CSCE said.
+  
+
diff --git a/reuters/training/11343 b/reuters/training/11343
new file mode 100644
index 0000000000000000000000000000000000000000..7c484b213b5d5d57672109482481f58330a72ed9
--- /dev/null
+++ b/reuters/training/11343
@@ -0,0 +1,31 @@
+KANSAS EXCHANGE HITS CFTC POSITION LIMIT PLAN
+  The Kansas City Board of Trade,
+  KCBT, has asked federal futures regulators to modify a proposal
+  to raise the Chicago Board of Trade's, CBT, speculative
+  position limits on wheat futures contracts, saying the plan
+  would put the the Kansas exchange "at a serious competitive
+  disadvantage."
+      The Commodity Futures Trading Commission, CFTC, last month
+  proposed raising CBT wheat speculative limits to 1,200
+  contracts all months net from 600 contracts, and to 900
+  contracts for any single month from 600 contracts.
+      At the same time, CFTC proposed leaving KCBT's wheat
+  speculative position limits unchanged.
+      "Higher limits for CBT wheat than for KCBT wheat would
+  significantly impair the KCBT's ability to compete with the CBT
+  for speculative interest," Michael Braude, president of the
+  Kansas exchange, said in a letter to CFTC.
+      A CFTC spokesman said the commission took into account open
+  interest affected by existing speculative limits in proposing
+  to raise CBT's limits.
+      KCBT said the CFTC proposal would reduce hedging
+  efficiency, constrain growth of intermarket spreading and of
+  the exchange's wheat options contract and impair its ability to
+  attract large speculators.
+      The Kansas City exchange asked the commission to amend its
+  proposal to change the limits for KCBT wheat to the exact same
+  bushel amount as specified for CBT wheat.
+      CFTC will consider public comments on the proposal until
+  June 3.
+  
+
diff --git a/reuters/training/11344 b/reuters/training/11344
new file mode 100644
index 0000000000000000000000000000000000000000..89f2c48a21234c01d3171741abba7ef079e68742
--- /dev/null
+++ b/reuters/training/11344
@@ -0,0 +1,23 @@
+FERRUZZI MAY FLOAT UP TO 49 PCT OF PARIS UNIT
+  Gruppo Ferruzzi is studying a
+  project which could result in a public share offer of up to 49
+  pct of its French unit European Sugar (France) and could raise
+  around 400 mln dlrs, Ferruzzi chairman Raul Gardini said.
+      Gardini told Reuters the operation under consideration was
+  aimed at "international markets" and that the figure of 400 mln
+  dlrs given in some press reports "was probably about right."
+      European Sugar, wholly-owned by Ferruzzi unit Eridania
+  Zuccherifici Nazionali SpA, is expected to absorb the European
+  corn wet milling business of CPC International Inc which
+  Ferruzzi recently agreed to buy.
+      Ferruzzi announced last week it had agreed in principle to
+  buy the CPC operation for 630 mln dlrs.
+      A Ferruzzi spokesman later confirmed that the group was
+  studying the transfer of the CPC business to European Sugar
+  along with a possible share offering in the Paris unit, but
+  gave no details.
+      The flotation plan has been interpreted by financial
+  analysts as a means of helping finance the acquisition of the
+  CPC business.
+  
+
diff --git a/reuters/training/11348 b/reuters/training/11348
new file mode 100644
index 0000000000000000000000000000000000000000..0018609da67de697274564e93c81b0bfa62f0cd4
--- /dev/null
+++ b/reuters/training/11348
@@ -0,0 +1,12 @@
+GANDALF <GANDF> ACQUIRES STAKE IN DATA/VOICE
+  Gandalf Technologies Inc said it
+  acquired a significant minority equity interest in privately
+  held Data/Voice Solutions Corp, of Newport Beach, Calif., for
+  undisclosed terms.
+      Gandalf did not specify the size of the interest.
+      Data/Voice is a three-year-old designer and manufacturer of
+  a multiprocessor, multiuser MS-DOS computing system that
+  Gandalf plans to integrate with its private automatic computer
+  exchange information system, Gandalf said.
+  
+
diff --git a/reuters/training/11349 b/reuters/training/11349
new file mode 100644
index 0000000000000000000000000000000000000000..ca938b56785354aaee7d6f5ba446029a88c0c670
--- /dev/null
+++ b/reuters/training/11349
@@ -0,0 +1,35 @@
+KEYCORP <KEY> AGREES TO ACQUIRE UTAH BANK
+  Keycorp said it has signed a
+  definitive agreement to acquire Commercial Security Bancorp
+  <CSEC> by exchanging Keycorp common valued at 63 dlrs for each
+  Commercial Securities share.
+      Keycorp said this gives the transaction an indicated value
+  of 102 mln dlrs.
+      Keycorp said the amount of its stock to be exchanged will
+  be based on the daily average closing price of the shares for
+  an unspecified period prior to the closing of the acquisition.
+      Based on a maximum of about 2.75 Keycorp shares and a
+  minimum of about 1.8 Keycorp to be exchanged, the agreement
+  provides that if the average price of Keycorp common is less
+  than 21.50 dlrs a share during the pricing period, the
+  agreement will terminate unless a new conversion ratio can be
+  negotiated.
+      Keycorp said the transaction is designed to be tax free to
+  Commercial Security shareholders. The company said it will
+  treat the merger as a pooling of interests.
+      It said the proposal is subject to approval by Commercial
+  Security shareholders and various regulators.
+      Keycorp said the merger is expected to become effective as
+  soon as possible after December 31, 1987, the date Utah's
+  interstate banking law becomes operational.
+      Keycorp said Richard K. Hemingway and certain members of
+  the Hemingway family who own about 30 pct of Commercial
+  Security's outstanding shares have agreed to vote in favor of
+  the transaction and not dispose of their stock.
+       Based in Salt Lake City, Commercial Security ended 1986
+  with assets of 830.3 mln dlrs, net loans of 496.6 mln dlrs and
+  deposits of 707.9 mln dlrs. It had net income of 5.1 mln dlrs
+  or 3.16 dlrs a share on 1.6 mln average shares outstanding last
+  year.                        
+  
+
diff --git a/reuters/training/1135 b/reuters/training/1135
new file mode 100644
index 0000000000000000000000000000000000000000..9ffb0e6ba4bb1b69c802b2aae6a29b19af35de84
--- /dev/null
+++ b/reuters/training/1135
@@ -0,0 +1,7 @@
+AMERICAN VANGUARD CORP <AMGD> YEAR NET
+  Shr 57 cts vs 27 cts
+      Net 1,002,000 vs 470,000
+      Sales 15.9 mln vs 12.0 mln
+      Note: 4th qtr data not available
+  
+
diff --git a/reuters/training/11350 b/reuters/training/11350
new file mode 100644
index 0000000000000000000000000000000000000000..8ae31a036b86e8b1e36a3e4a9cb816d89ba0c680
--- /dev/null
+++ b/reuters/training/11350
@@ -0,0 +1,47 @@
+EXXON <XON> OIL AND GAS PRODUCTION ROSE IN 1986
+  Exxon Corp said in its annual report
+  that it raised production in 1986 although it did not replace
+  all oil and gas produced.
+      The company said that it added about four pct to production
+  bringing it to 1.8 mln bpd, the highest level since 1979, based
+  largely on increased production of oil overseas but additions
+  to its reserves from new discoveries and reserve acquisitions
+  did not replace all of the oil and gas produced.
+      The company said that the average price for oil and gas
+  declined 41 pct in 1986 from the previous year sparking a 38
+  pct decline in its earnings from exploration and production.
+      Exxon's earnings from exploration and production in 1986
+  fell to 3.1 billion dlrs from 4.9 billion dlrs in 1985.
+      Exxon said that its principal gains in production came from
+  the Gulf of Mexico, Alaska, the North Sea, Malaysia and from
+  oil sands in Canada.
+      Exxon also said that it acquired 11.2 mln acres for
+  expoloration spread over 10 countries including the U.S, Europe
+  and the Far East.
+      But capital expenditures for exploration and production
+  were cut to 4.6 billion dlrs from 7.6 billion the previous year
+  and further reductions were expected in 1987.
+      Exxon said that its net share of crude oil and natural gas
+  liquids produced from offshore fields in the North Sea reached
+  a new high of 422,000 bpd.
+      The light, sweet crudes produced from these North Sea
+  fields also gave the company trading gains as Exxon was able to
+  sell much of this crude and replace it with cheaper, lower
+  quality crude oil for its refineries which have been upgraded
+  over the past several years.
+      The trading gains and lower acquisition costs gave Exxon
+  more of a spread in its refinery operations and added to
+  earnings gains from refining and marketing.
+      Exxon said earnings from refining and marketing operations
+  rose to nearly two billion dlrs in 1986, up from 872 mln dlrs
+  in 1985.
+      The company said petroleum sales slipped slightly to 4.043
+  mln barrels per day from 4.082 mln bpd in 1985 while crude runs
+  rose to 3.0 mln bpd from 2.9 mln bpd the previous year.
+      Exxon's refinery operations benefited from a three year 500
+  mln dlr upgrading program to its Baytown, Texas refinery
+  completed last October and an 850 mln dlr upgrading project in
+  Rotterdam both of which emphasize utilizing lower grade crudes
+  to extract higher proportions of light products.
+  
+
diff --git a/reuters/training/11352 b/reuters/training/11352
new file mode 100644
index 0000000000000000000000000000000000000000..12d6b45267d21310300fe436c40a5600081fe499
--- /dev/null
+++ b/reuters/training/11352
@@ -0,0 +1,33 @@
+SOVIET UNION SEEN WATCHING CHINA GATT APPLICATION
+  China's application to join the General
+  Agreement on Tariffs and Trade (GATT) is seen as a test case by
+  the Soviet Union, which will probably demand to follow China, a
+  top European Community official said.
+      Willy de Clercq, External Relations Commissioner of the
+  European Communities, told a news conference that China's
+  application would involve long and difficult negotiations.
+      China formally applied to join GATT in July 1986 and in
+  February presented a memorandum backing its application, which
+  De Clercq said was now being studied. Questions would then be
+  presented to China.
+      "After China, other important state-trading countries
+  including the Soviet Union, will probably demand accession.
+  China's application could be considered a test case," he said.
+      He said the EC strongly backed China's application, but
+  others among GATT's 92 contracting parties took a tougher line.
+      Among the numerous problems of a huge centrally-run economy
+  entering a free trade system are tariffs and reciprocity and
+  the expectation that China will practice an open-trade policy
+  without trade discrimination, de Clercq added.
+      De Clercq noted the different dimensions of the Chinese
+  economy and those of Hungary and Yugoslavia, the two current
+  Socialist GATT members.
+      On China's import potential, he said a foreign exchange
+  shortage would force China to import less this year and next
+  than in the past, with an emphasis on technological equipment
+  and capital.
+      During his visit, De Clercq has met top Chinese leaders and
+  today signed an agreement to open a European Community
+  Commission office in Peking.
+  
+
diff --git a/reuters/training/11354 b/reuters/training/11354
new file mode 100644
index 0000000000000000000000000000000000000000..b629333f41fc7206066f057ef8d5769c2f95a4e5
--- /dev/null
+++ b/reuters/training/11354
@@ -0,0 +1,12 @@
+ROCKY MOUNT UNDERGARMENT <RMUC> 4TH QTR LOSS
+  Shr loss 53 cts vs loss 32 cts
+      Net loss 1,548,000 vs loss 929,000
+      Revs 9,362,000 vs 11.3 mln
+      12 mths
+      Shr loss 82 cts vs profit 17 cts
+      Net loss 2,408,000 vs profit 452,000
+      Revs 40.9 mln vs 39.5 mln
+      NOTE: full name of company is Rocky Mount Undergarment Co
+  Inc.
+  
+
diff --git a/reuters/training/11356 b/reuters/training/11356
new file mode 100644
index 0000000000000000000000000000000000000000..bcf79892f5be8d32a29844874646b6e202d7946a
--- /dev/null
+++ b/reuters/training/11356
@@ -0,0 +1,13 @@
+U.S. COMMERCE SECRETARY SEES HIGHER GNP GROWTH
+  Commerce Secretary Malcolm Baldrige
+  said a 0.7 pct rise in February's index of leading indicators
+  pointed to stronger economic growth in the first half of 1987.
+      In a statement commenting on the rise last month after a
+  0.5 pct January decline, Baldrige noted the leading index was
+  rising at an 8.0 pct annual rate in the six months to the end
+  of February.
+      "Based on past relationships, that gain is consistent with
+  stepped up growth in real GNP during the first half of 1987,"
+  Baldrige said.
+  
+
diff --git a/reuters/training/11357 b/reuters/training/11357
new file mode 100644
index 0000000000000000000000000000000000000000..ffbf26c26fde1f32ec62cf7b11bfedddb9ece7bf
--- /dev/null
+++ b/reuters/training/11357
@@ -0,0 +1,14 @@
+U.S. SENATE LEADERS SEE NO TRADE WAR BREWING
+  The Senate's Democratic and 
+  Republican leaders praised President Reagan for retaliating
+  against Japan for violating a semiconducter accord but dashed
+  cold water on ideas it was the first shot in a trade war.
+      Senate Democratic Leader Robert Byrd and Republican leader
+  Bob Dole both told the Senate Reagan's decision was long
+  overdue and urged Japan to open its markets to U.S. goods and
+  stop dumping on world markets.
+      Each noted in separate speeches that they saw no trade war
+  over the issue, despite concerns in financial markets.
+      "That fear has no basis in fact," Byrd said.
+  
+
diff --git a/reuters/training/11358 b/reuters/training/11358
new file mode 100644
index 0000000000000000000000000000000000000000..c352ddd06f787f9ffc0ff00649bcd8cabfb31da9
--- /dev/null
+++ b/reuters/training/11358
@@ -0,0 +1,18 @@
+DYR LIQUIDATING <DYR> SETS LIQUIDATING PAYOUT
+  DYR Liquidating Corp,
+  formerly Dyneer Corp, said its board declared a third
+  liquidating dividend of one dlr per share payable to
+  shareholders of record on April 14 and said it will file a
+  certificate of dissolution on that date.
+      The company said shareholders of record on that date will
+  acquire beneficial interests in the liquidating trust that will
+  be formed to hold all of the company's assets.
+      It said it has asked the American Stock Exchange to suspend
+  trading in its common stock at the close on April 6 to ensure
+  settlement of all traded by April 14.
+      DYR said it expects its stock to be withdrawn from
+  registration under the Securities Exchange Act of 1934 shortly
+  after April 14.
+      DYR said the pay date for the dividend will be April 28.
+  
+
diff --git a/reuters/training/11359 b/reuters/training/11359
new file mode 100644
index 0000000000000000000000000000000000000000..c1f1e499b763a79e682b6f6a0445271161251c2e
--- /dev/null
+++ b/reuters/training/11359
@@ -0,0 +1,13 @@
+NETWORK SECURITY CORP <NTWK> YEAR NET
+  Shr 1.24 dlrs vs 19 cts
+      Shr diluted 1.11 dlrs vs 19 cts
+      Net 11.9 mln vs 1,830,000
+      Revs 79.3 mln vs 46.1 mln
+      NOTE: 1986 net includes pretax charge 8,300,000 dlrs from
+  increases and reserves and writeoffs of low-yielding assets and
+  pretax gain 20.8 mln dlrs from sale of Multi-Family subsidiary.
+   Another 3,800,000 dlrs of gain from the Multi-Family sale will
+  be recognized in 1987 if Multi-Family meets targeted operating
+  results.
+  
+
diff --git a/reuters/training/11362 b/reuters/training/11362
new file mode 100644
index 0000000000000000000000000000000000000000..a54709011b0844fefeddce878fd86c76a89d73d8
--- /dev/null
+++ b/reuters/training/11362
@@ -0,0 +1,12 @@
+PEAT MARWICK, KMG MAIN HURDMAN TO COMPLETE MERGER
+  Peat Marwick and KMG Main Hurdman said
+  their merger will be completed tomorrow.
+      The new firm, to be known as KPMG Peat Marwick, will rank
+  among the largest public account and consulting firms in the
+  U.S. based on combined 1986 revenues of 1.35 billion dlrs,
+  1,825 partners and a total staff of 16,500 in 136 offices.
+      KPMG was created as part of the merger announced last
+  September of Peat Marwick International Klynveld Main Goerdeler
+  to form Klynveld Peat Marwick Goerdeler.
+  
+
diff --git a/reuters/training/11365 b/reuters/training/11365
new file mode 100644
index 0000000000000000000000000000000000000000..cf4e687f3a2786780cb614c9d58a2392ea9d7af0
--- /dev/null
+++ b/reuters/training/11365
@@ -0,0 +1,25 @@
+DUTCH MONEY MARKET DEBT EASES IN WEEK
+  Loans and advances from the Dutch
+  Central Bank to the commercial banks fell 1.01 billion guilders
+  to 9.5 billion guilders in the week ending March 30, the Bank's
+  weekly return showed.
+      Dealers said payments by the Dutch state, partly in the
+  form of civil service wages, had outweighed payments to the
+  State, causing the money market deficit to ease.
+      The Treasury's account with the Bank dropped 960 mln
+  guilders to 6.5 billion guilders.
+      Liabilities in gold or foreign currency rose 200 mln to
+  11.9 billion guilders.
+      Dealers said it was more likely that the alteration in this
+  item on the weekly return indicated normal commercial foreign
+  exchange business rather than intervention by the Central Bank.
+       The Bank itself does not disclose information on
+  intervention.
+      Seasonal variation brought bank notes in circulation up 190
+  mln guilders to 29.7 billion guilders.
+      Total gold and currency reserves rose 173 mln guilders to
+  56.4 billion guilders.
+      Call money and period rates were barely changed in the
+  week. Today all were traded at 5-3/8 to 5-1/2 pct.
+  
+
diff --git a/reuters/training/11369 b/reuters/training/11369
new file mode 100644
index 0000000000000000000000000000000000000000..7fe0be1444a7687beb0dc4f38439859dc490c9d8
--- /dev/null
+++ b/reuters/training/11369
@@ -0,0 +1,7 @@
+BORG-WARNER <BOR> EXAMINING GAF <GAF> PROPOSAL
+  Borg-Warner Corp in a statement said it
+  has received GAF Corp's 46 dlrs a share acquisition proposal
+  and will have no comment until its board of directors has had a
+  chance to examine it thoroughly.
+  
+
diff --git a/reuters/training/1137 b/reuters/training/1137
new file mode 100644
index 0000000000000000000000000000000000000000..e323db9322eb1c02a0ac0cabdf5283ffef23424b
--- /dev/null
+++ b/reuters/training/1137
@@ -0,0 +1,14 @@
+NORTH AMERICAN BIOLOGICALS INC <NBIO> 4TH QTR
+  Oper shr one ct vs three cts
+      Oper net 99,000 vs 327,000
+      Revs 12.1 mln vs 8,800,000
+      Avg shrs 15.5 mln vs 11.3 mln
+      Year
+      Oper shr six cts vs 11 cts
+      Oper net 841,000 vs 956,000
+      Revs 44.1 mln vs 34.4 mln
+      Avg shrs 15.3 mln vs 8,519,677
+      NOTE: Net excludes tax credits of 299,000 dlrs vs 29,00000
+  dlrs in quarter and 809,000 dlrs vs 71,000 dlrs in year.
+  
+
diff --git a/reuters/training/11370 b/reuters/training/11370
new file mode 100644
index 0000000000000000000000000000000000000000..6052d14d03cdc9b87638dabed59172a1d79c0b8d
--- /dev/null
+++ b/reuters/training/11370
@@ -0,0 +1,13 @@
+CRI INSURED II <CII> ESTIMATES DIVIDENDS
+  CRI Insured Mortgage Investments
+  II Inc said it expects to distribute about 1.55 to 1.65 dlrs
+  per share from operations for all of 1987 and about 1.68 to
+  1.75 dlrs including the proceeds of the gain from the sale of
+  the Brighton Meadows mortgage through January 31.
+      The company today paid a dividend of 1.1646 dlrs per share.
+   Its first two quarterly payments, in September and December,
+  were 42.5 cts each.
+      CRI said it has not yet declared a distribution on the Park
+  Meadows loan disposition.
+  
+
diff --git a/reuters/training/11371 b/reuters/training/11371
new file mode 100644
index 0000000000000000000000000000000000000000..7bf29bae4ee91ffe7ce9d17c11a7d8a6b9a18f08
--- /dev/null
+++ b/reuters/training/11371
@@ -0,0 +1,8 @@
+LME LISTS BRAZILIAN ALUMINIUM BRAND
+  The London Metal Exchange (LME) has
+  listed the aluminium brand "CBA' produced by Cia Brasileira de
+  Aluminio at its Mairinque, Sao Paulo, plant.
+      The brand will constitute good delivery from April 1, the
+  LME said.
+  
+
diff --git a/reuters/training/11372 b/reuters/training/11372
new file mode 100644
index 0000000000000000000000000000000000000000..ca88db2a974f8145a3a0ae9e8e00080e0e884dd1
--- /dev/null
+++ b/reuters/training/11372
@@ -0,0 +1,17 @@
+GUATEMALA TO HOST OTHER MILDS COFFEE MEETING
+  Guatemala will host a meeting of other
+  milds coffee producers probably in May to discuss basic export
+  quotas, the Guatemalan delegate to the International Coffee
+  Organization, ICO, said.
+      No firm date has been set for the talks, Ambassador Rene
+  Montes told reporters at the ICO executive board meeting here.
+      Producer countries Brazil, Colombia, and a member of
+  OAMCAF, the African and Malagasy Coffee Organization, may also
+  be invited for consultation, he said.
+      ICO producers and consumers could not agree on how to
+  calculate export quota shares at a recent council meeting here.
+      Other milds coffee producers include Costa Rica, Dominican
+  Republic, Ecuador, El Salvador, Guatemala, Honduras, India,
+  Mexico, Nicaragua, Papua New Guinea, and Peru.
+  
+
diff --git a/reuters/training/11373 b/reuters/training/11373
new file mode 100644
index 0000000000000000000000000000000000000000..9e854d5b9409d81f7d9be29ff24eebfacc460353
--- /dev/null
+++ b/reuters/training/11373
@@ -0,0 +1,14 @@
+AUDIO/VIDEO <AVA> TO GET EXPENSES FROM DIXONS
+  Audio/Video Affiliates Inc said it
+  will receive an undisclosed amount from <Dixons Group PLC> in
+  connection with the termination of Cyacq Corp's 92.50 dlr per
+  share tender offer for Cyclops Corp <CYL>.
+      The company said the amount from Dixons is in lieu of
+  reimbursement expenses for the Cyacq tender.  Citicorp <CCI>
+  was the other partner in Cyacq.
+      The payment was in connection with Dixons' previously
+  -announced agreement to increase its tender price for Cyclops
+  to 95.00 dlrs per share, Cycacq's ending of its competing bid
+  and the ending of litigation between the parties.
+  
+
diff --git a/reuters/training/11374 b/reuters/training/11374
new file mode 100644
index 0000000000000000000000000000000000000000..5754e8c55d3e9986cc91c074decdce5c0f3c685f
--- /dev/null
+++ b/reuters/training/11374
@@ -0,0 +1,24 @@
+REPUBLIC <RSLA> TO MERGE WITH PIONEER SAVINGS
+  Republic Savings and Loan
+  Association and <Pioneer Savings> of Racine, Wis., said they
+  have signed a definitive agreement to combine the two
+  associations into a publicly held holding company to be called
+  Republic Capital Group Inc.
+      The associations said they would form the company by
+  exchanging Republic's stock for shares in the holding company,
+  which Pioneer savers could purchase when Pioneer converts from
+  mutual to stock ownership.
+      The associations added that they would remain independent,
+  but wholly owned, units of the holding company.
+      The associations said they would continue to do business
+  using their present names and management.
+      The combination of Republic's 459 mln dlrs in assets with
+  Pioneer's 125 mln dlrs would make the new holding company the
+  fifth largest savings and loan organization in Wisconsin, they
+  said.
+      The associations said the move is subject to approval by
+  the Federal Home Loan Bank Board and the Wisconsin Commissioner
+  of Savings and Loan, as well as Republic's shareholders and
+  Pioneer's depositors.
+  
+
diff --git a/reuters/training/11377 b/reuters/training/11377
new file mode 100644
index 0000000000000000000000000000000000000000..f9d0a5e64348612189063bb72d9a1f296275442f
--- /dev/null
+++ b/reuters/training/11377
@@ -0,0 +1,8 @@
+<NEW HARDING GROUP INC> 1ST QTR JAN 31 NET
+  Shr 19 cts
+      Net 653,000
+      Revs 45.6 mln
+      Note: Prior results not given due to November, 1986
+  acquisition of 56 pct stake in Continuous Colour Coat Ltd
+  
+
diff --git a/reuters/training/11378 b/reuters/training/11378
new file mode 100644
index 0000000000000000000000000000000000000000..8a4b8947b6a10bcb1d0a0d4938e391356bbf4482
--- /dev/null
+++ b/reuters/training/11378
@@ -0,0 +1,14 @@
+BROUGHER <BIGI> TO SELL 40 PCT OF SUBSIDIARY
+  Brougher Insurance Group Inc
+  said it plans to sell 40 pct of the stock of its subsidiary,
+  Intercontinental Corp, for one mln dlrs to three European
+  insurance companies.
+      The parent company said it signed a letter of intent to
+  sell the stock to <WASA Europeiska Forsakrings AB> of Sweden,
+  <Europeiske Reiseforsikring A/S> of Norway, and <Europeiska
+  Rejseforsikrings A/S> of Denmark.
+      Brougher said it expects to realize a net after-tax gain of
+  approximately 330,000 dlrs, or 12 cts per share, from issuing
+  stock of Intercontinental.
+  
+
diff --git a/reuters/training/11379 b/reuters/training/11379
new file mode 100644
index 0000000000000000000000000000000000000000..47ba1134396ca540592c8ecb16fcac44e03b0ce0
--- /dev/null
+++ b/reuters/training/11379
@@ -0,0 +1,12 @@
+CANADA INDUSTRY PRICES FALL 0.2 PCT IN MONTH
+  The Canadian industrial product price
+  index, base 1981, fell 0.2 pct in February after rising 0.2 pct
+  in January, Statistics Canada said.
+      "A significant part of this monthly decrease was
+  attributable to the impact of the increase of the Canadian
+  dollar on prices for wood pulps, newspaper, aluminum, nickel
+  and motor vehicles," the federal agency said.
+      On a year-over-year basis, the index was down 0.8 pct,
+  little change from the 0.9 pct decline posted in January.
+  
+
diff --git a/reuters/training/1138 b/reuters/training/1138
new file mode 100644
index 0000000000000000000000000000000000000000..bcf13739fe54a7f4074db41d40ef8fba0e7ad779
--- /dev/null
+++ b/reuters/training/1138
@@ -0,0 +1,20 @@
+OMNICOM GROUP INC <OMCM> 4TH QTR NET
+  Shr profit 27 cts vs profit 51 cts
+      Net profit 6,600,000 vs profit 12,231,000
+      Revs 211.7 mln vs 193.4 mln
+      12 mths
+      Shr loss 17 cts vs profit 1.27 dlrs
+      Net loss 4,077,000 vs profit 30,142,000
+      Revs 753.5 mln vs 673.4 mln
+      NOTE: in qtr ended 1986 the company recognized expenses of
+  5,948,000 for restructing the combined operations of BBDO,
+  Doyle Dane Bernbach and Needham Harper Worldwide in August 1986
+  before tax gains. These relate primarily to the conosolidation
+  and elimination of duplicate facilities and staff.
+      for the year 1986, the provisions for mergers and
+  restructuring expenses brought non-recurring expenses to
+  40,292,000 before tax gains, of which 8,863,000 represented
+  merger costs and 31,429,000 related to restructuring of the
+  combine operations.
+  
+
diff --git a/reuters/training/11380 b/reuters/training/11380
new file mode 100644
index 0000000000000000000000000000000000000000..0d64803ded9d5f060c165310de2a9a1c57c9711e
--- /dev/null
+++ b/reuters/training/11380
@@ -0,0 +1,17 @@
+KANSAS LEGISLATOR PREDICTS EEP WHEAT TO SOVIETS
+  Rep. Pat Roberts, R-Kan., predicted
+  the Reagan administration within the next ten days to two weeks
+  will offer subsidized wheat to the Soviet Union under the
+  Export Enhancement Program, EEP.
+      Roberts made the comment at a press conference held by
+  Republican members of the House Agriculture Committee.
+      He did not say on what he based the comment, but an aide
+  said Roberts had been in touch with top Republican officials
+  recently.
+      The possibility of an expansion of EEP to include wheat to
+  Moscow has been rumored for some time, and some industry
+  sources believe a decision on the issue will be made by the
+  Reagan administration before Secretary of State George Shultz
+  goes to Moscow in April.
+  
+
diff --git a/reuters/training/11381 b/reuters/training/11381
new file mode 100644
index 0000000000000000000000000000000000000000..95bfcbedf0ea190c4be8251987ad025dab147b4c
--- /dev/null
+++ b/reuters/training/11381
@@ -0,0 +1,13 @@
+SUN CITY INDUSTRIES <SNI> SEES HIGHER NET
+  Sun City Industries Inc said preliminary
+  unaudited results of ongoing operations for the fiscal year
+  ended January 31, 1987 are expected to rise over 580 pct to
+  700,000 dlrs or 70 cts per share from the 125,313 dlrs or 12
+  cts reported last year.
+      Total net income is expected to reach 2.4 mln dlrs, which
+  includes 1.7 mln dlrs of net income realized from sale of
+  property. The combination will result in record earnings of
+  2.40 dlrs a share, the wholesale distributor and processor of
+  eggs said.
+  
+
diff --git a/reuters/training/11384 b/reuters/training/11384
new file mode 100644
index 0000000000000000000000000000000000000000..9aacab5913c6cbd7e6cb528cddcb042cb0837b08
--- /dev/null
+++ b/reuters/training/11384
@@ -0,0 +1,5 @@
+YEUTTER SAYS STOCK MARKET OVERREACTED TO JAPAN TRADE DISPUTE
+
+  YEUTTER SAYS STOCK MARKET OVERREACTED TO JAPAN TRADE DISPUTE
+  
+
diff --git a/reuters/training/11385 b/reuters/training/11385
new file mode 100644
index 0000000000000000000000000000000000000000..511dca743db458b6bdf0ae2afef012465a89c2e3
--- /dev/null
+++ b/reuters/training/11385
@@ -0,0 +1,15 @@
+ST LAWRENCE SEAWAY OPENS SHIPPING SEASON
+  The St Lawrence Seaway said the first
+  ship of the season passed through the St Lambert lock here this
+  morning, officially opening the 2,300-mile-long waterway's 1987
+  shipping season.
+      The seaway has said it expects little increase in freight
+  levels this year from last year when it moved 37.6 mln tonnes
+  of freight between Montreal and Lake Ontario and 41.6 mln
+  tonnes on the Welland Canal, which links Lake Erie and Lake
+  Ontario. The canal is scheduled to open tomorrow.
+      Officials expect the waterway to lose nine to ten mln
+  Canadian dlrs this year, about the same as the estimated
+  deficit for fiscal 1986-87, which ends today.
+  
+
diff --git a/reuters/training/11386 b/reuters/training/11386
new file mode 100644
index 0000000000000000000000000000000000000000..0cc547c815135ebabf55706cbde5760f795431a2
--- /dev/null
+++ b/reuters/training/11386
@@ -0,0 +1,22 @@
+ACTON <ATN> TO SELL UNIT FOR GAIN
+  Acton Corp said it has agreed to
+  sell its five Michigan cable television systems to Wisconsin
+  Cablevision Inc for about 9,500,000 dlrs, resulting in a gain
+  of about six mln dlrs.
+      The company said the sale is subject to review by local
+  authorities.  The systems have about 7,500 subscribers.
+      Acton said proceeds will be used to retire bank debt.
+      The company said it has also entered into a 15.5 mln dlr
+  bank credit agreement that will allow it to complete the
+  prepayment of all its obligations to members of its present
+  bank syndicate.
+      The company said the new credit will also allow it to
+  prepay some other debt and redeem its Class C Series Two
+  preferred stock.
+      It said the new facility has allowed it to take full
+  advantage of an early payment discount of about 13 mln dlrs in
+  principal and interest which was negotiated with its banking
+  syndicate in connection with an April 1986 financial
+  restructuring.
+  
+
diff --git a/reuters/training/11387 b/reuters/training/11387
new file mode 100644
index 0000000000000000000000000000000000000000..bc9c0cf7b72fba1d30d9c66084d1fd31d5ac8c9f
--- /dev/null
+++ b/reuters/training/11387
@@ -0,0 +1,26 @@
+BEGHIN-SAY SAYS SUGAR OFFER TO EC STILL STANDS
+  A plan by European producers to sell
+  854,000 tonnes of sugar to European Community intervention
+  stocks still stands, Andrea Minguzzi, an official at French
+  sugar producer Beghin-Say, said.
+      Last week Beghin-Say president Jean-Marc Vernes said a
+  possible settlement of a row with the EC would lead producers
+  to withdraw their offer, which was made as a protest against EC
+  export licensing policies.
+      The EC policy is to offer export rebates, which fail to
+  give producers an equivalent price to that which they would get
+  by offering sugar into intervention stocks, Vernes said.
+      But Minguzzi said the offer was a commercial affair and
+  that producers had no intention of withdrawing the sugar offer
+  already lodged with intervention boards of different European
+  countries. He said final quality approval for all the sugar
+  offered could come later this week. Some 95 pct had already
+  cleared quality specifications.
+      The EC can only reject an offer to sell into intervention
+  stocks on quality grounds. Minguzzi added that under EC
+  regulations, the Community has until early May to pay for the
+  sugar. He declined to put an exact figure on the amount of
+  sugar offered by Beghin-Say, but said it was below 500,000
+  tonnes.
+  
+
diff --git a/reuters/training/11388 b/reuters/training/11388
new file mode 100644
index 0000000000000000000000000000000000000000..cf1a7bb1ba7063a56135ceebf6d7793970b0a632
--- /dev/null
+++ b/reuters/training/11388
@@ -0,0 +1,34 @@
+EXXON <XON> GAINS DUE TO STREAMLINED OPERATIONS
+  Exxon Corp said that 1986's 15 pct
+  increase in earnings per share to 7.42 dlrs a share were
+  partially based on its streamlined operations which compensated
+  for the weakness in its exploration earnings and the lowest
+  crude oil prices in a decade.
+      Exxon said economies introduced in its operations from
+  reductions in personnel and other savings, such as reductions
+  in exploration expenses, were reflected in an 880 mln dlr
+  reduction in consolidated operating costs from 1985.
+      The company said its more efficient operations would be
+  necessary to offset more adverse oil market conditions ahead.
+      The company also said that its share repurchase plan
+  contributed to the per share gains over 1985.
+      In a breakdown of costs, Exxon said that operating expenses
+  slipped to 9.2 billion dlrs in 1986 from 9.7 billion dlrs the
+  previous year and exploration expenses, including dry holes,
+  slipped back to 1.2 billion dlrs from 1.5 billion dlrs over the
+  same period as the number of wells drilled was lower.
+      The company was also able to use lower interest rates to
+  reduce its interest expenses to 614 mln dlrs in 1986 from 627
+  mln dlrs the previous year.
+      Exxon said that the ratio of debt to capital was cut by 1.6
+  pct in 1986 from the previous year to 19 pct.
+      On December 31, 1986 Exxon's total debt of 7.87 billion
+  dlrs was down slightly from the previous year's 7.9 billion
+  dlrs and long term debt stood at 4.3 billion dlrs, down from
+  4.8 billion dlrs in 1985.
+      Exxon's policy of repurchasing shares on the market for its
+  treasury also contributed to earnings results by a reduction of
+  shares to 722.6 mln shares from 754.1 mln shares the previous
+  year.
+  
+
diff --git a/reuters/training/11390 b/reuters/training/11390
new file mode 100644
index 0000000000000000000000000000000000000000..d0c7d424d5006672f80bb60e561abda254e396dd
--- /dev/null
+++ b/reuters/training/11390
@@ -0,0 +1,23 @@
+U.S. STOCK MARKET OVERREACTS TO TARIFFS - YEUTTER
+  U.S. Trade Representative Clayton
+  Yeutter said the stock market overreacted to a U.S. decision
+  last week to proceed with tariffs on some Japanese computer
+  products.
+      Speaking to reporters prior to testifying at a House
+  Agriculture Committee hearing, Yeutter said it is "difficult to
+  comprehend" that a trade decision affecting only 300 mln dlrs
+  in goods caused the stock market collapse yesterday.
+      "I have a hunch a lot of other things were involved in that
+  (stock market fall), including simple profit-taking," Yeutter
+  said.
+      Yeutter said Japan would be sending a senior official from
+  its trade ministry to Washington next week for talks on the
+  computer chip dispute.
+      "We will be glad to have him here, but that's not going to
+  affect a decision that's already been made," Yeutter said.
+      The decision announced last week would apply higher tariffs
+  on a range of Japanese products in retaliation for the alleged
+  failure of Tokyo to honor an agreement with the U.S. on
+  semiconductor trade.
+  
+
diff --git a/reuters/training/11392 b/reuters/training/11392
new file mode 100644
index 0000000000000000000000000000000000000000..144aec3499690f84706c382491e0f1e02f1753a1
--- /dev/null
+++ b/reuters/training/11392
@@ -0,0 +1,27 @@
+WEATHER HURTING YUGOSLAV WHEAT - USDA REPORT
+  Unfavorable late winter weather
+  conditions in the main wheat growing areas of Yugoslavia
+  indicate dimmed prospects for the emerging winter wheat crop,
+  the U.S. embassy's agricultural officer in Belgrade said.
+      The officer, who travelled through an area from Belgrade to
+  Subotica, said in a field report dated March 27 the wheat crop
+  had been set back at least three weeks because of a cold spell
+  that followed a period of warm weather.
+      He said unseasonably warm weather in late February that
+  brought the wheat crop out of winter dormancy early was
+  followed by three weeks of unusually cold weather.
+      Damaging effects were seen in the fields, most of which
+  show stands with a yellow-brown cast indicating extensive leaf
+  and possible root damage from repeated freezings, he said.
+      The report said that since much of the early growth in
+  February was from late seeding rather than from normal
+  development, his view was that the damage may be more extensive
+  than some local observers say.
+      The most seriously affected fields were late-seeded fields
+  on normal maize soils. Stands in these fields were thin and
+  chances of recovery appeared less favorable, he said.
+      However, he said soil moisture conditions were favorable
+  and many of the fields had already been top-dressed, which
+  would aid recovery.
+  
+
diff --git a/reuters/training/11393 b/reuters/training/11393
new file mode 100644
index 0000000000000000000000000000000000000000..5ed64fd42b64d73f144c212e1d71eb8091211ffa
--- /dev/null
+++ b/reuters/training/11393
@@ -0,0 +1,8 @@
+USX <X>, CONSOLIDATED NATURAL <CNG> END TALKS
+  USX Corp's Texas Oil and Gas Corp
+  subsidiary and Consolidated Natural Gas Co have mutually agreed
+  not to pursue further their talks on Consolidated's possible
+  purchase of Apollo Gas Co from Texas Oil.
+      No details were given.
+  
+
diff --git a/reuters/training/11394 b/reuters/training/11394
new file mode 100644
index 0000000000000000000000000000000000000000..ddc485274fd7e75a7caabb094067a5ad2fdce9c1
--- /dev/null
+++ b/reuters/training/11394
@@ -0,0 +1,5 @@
+ARVIN INDUSTRIES SEES FLAT 1ST QTR PER SHARE NET COMPARED WITH 59 CTS LAST YEAR
+
+  ARVIN INDUSTRIES SEES FLAT 1ST QTR PER SHARE NET COMPARED WITH 59 CTS LAST YEAR
+  
+
diff --git a/reuters/training/11395 b/reuters/training/11395
new file mode 100644
index 0000000000000000000000000000000000000000..22a0ac6343dd3204049677743759f6beb1f3ad28
--- /dev/null
+++ b/reuters/training/11395
@@ -0,0 +1,19 @@
+ROCKY MOUNT <RMUC> EXPECTS PROFIT IN FIRST QTR
+  Hal Weiss, chairman,
+  president and chief executive officer, of Rocky Mount
+  Undergarment Co Inc, said he expects the company to show a
+  profit for the first quarter fiscal 1987.
+      Weiss said sales for 1987 have been strong following a net
+  loss of 1,548,000 dlrs, or 53 cts a share, for the fourth
+  quarter of fiscal 1986. The company reported a net loss for the
+  year of 2,408,000 dlrs, or 82 cts a share.
+      Rocky Mount recorded net income of 248,000 dlrs, or eight
+  cts per share, for the first quarter of fiscal 1986.
+      Weiss attributed the poor year to problems involving
+  management, manufacturing operations, financial condition and
+  credibility among its suppliers.
+      Weiss predicted the pattern of quarterly lossses which
+  characterized 1986 will be reversed and 1987 will see the
+  company return to profitability.
+  
+
diff --git a/reuters/training/11396 b/reuters/training/11396
new file mode 100644
index 0000000000000000000000000000000000000000..6fec2ca1f32d0c1d7bbacb69a137b15c505ff26f
--- /dev/null
+++ b/reuters/training/11396
@@ -0,0 +1,12 @@
+CHUBB CORP <CB> COMPLETES ACQUISITION
+  The Chubb Corp said it completed the
+  previously-announced merger of its subsidiary with and into
+  Sovereign Corp <SOVR>, a life insurance holding company.
+      Under the terms of the merger, Sovereign stockholders
+  wil receive, in a tax free exchange, 0.1365 of a share of Chubb
+  common stock for each share of Sovereign held, the company
+  said. 
+      This equals 9.11 dlrs per share of Sovereign stock based on
+  the closing price of Chubb common stock on March 30.
+  
+
diff --git a/reuters/training/11397 b/reuters/training/11397
new file mode 100644
index 0000000000000000000000000000000000000000..8b3502f0e81753974c5a2ac56b2dfe6321991c4c
--- /dev/null
+++ b/reuters/training/11397
@@ -0,0 +1,32 @@
+ENVOY ADVISES NAKASONE TO PREPARE FOR U.S. VISIT
+  The Japanese ambassador to the U.S.
+  Suggested that Prime Minister Yasuhiro Nakasone make efforts to
+  present "advanced' proposals on trade issues when he visits
+  Washington next month.
+      Ambassador Nobuo Matsunaga made the recommendation at a
+  meeting with Nakasone, Kyodo News Service said.
+      Matsunaga also advised that the prime minister should be
+  prepared to discuss U.S.-Japan economic issues.
+      Matsunaga cited issues such as a U.S.-Japan micro chip
+  trade pact, foreign access to the Kansai international airport
+  project, and a new international telecommunications firm.
+      Matsunaga returned on Sunday to report to Japanese leaders
+  on recent U.S. Developments over trade, in preparation for
+  Nakasone's visit to Washington, April 29 to May 5.
+      Kyodo quoted Nakasone as telling reporters after meeting
+  the envoy, "I entirely accept what ambassador Matsunaga
+  recommended." Nakasone did not elaborate.
+      The U.S.-Japan trade dispute intensified last week when
+  President Ronald Reagan said the U.S. Would impose heavy
+  tariffs on Japanese imports in retaliation against alleged
+  Japanese breach of the computer chip trade pact.
+      Meanwhile, Nakasone's ruling Liberal Democratic Party (LDP)
+  is to consider measures to boost imports and open up the
+  Japanese market, such as government purchase of supercomputers
+  and expanding foreign access to the Kansai airport project,
+  party sources said.
+      The LDP international economic affairs council was
+  responding to Nakasone's request for measures to reduce Japan's
+  increasing trade surpluses with the U.S. And Europe, they said.
+  
+
diff --git a/reuters/training/11399 b/reuters/training/11399
new file mode 100644
index 0000000000000000000000000000000000000000..6a3743c6aad0c8c2cba9689ff7cfbf2e2e0dca2e
--- /dev/null
+++ b/reuters/training/11399
@@ -0,0 +1,16 @@
+LYNG HAS NO COMMENT ON WHEAT SUBSIDY TO SOVIETS
+  U.S. Agriculture Secretary Richard
+  Lyng declined to confirm statements made today by a farm state
+  congressman that the United States will offer subsidized wheat
+  to the Soviet Union within the next 10 days to two weeks.
+      When asked to clarify comments by Rep. Pat Roberts of
+  Kansas that the administration would soon offer Export
+  Enhancement wheat to the Soviet Union Lyng said, "well it won't
+  be today," and then added, "we have no official comment one way
+  or the other."
+      Lyng would not comment on whether a wheat subsidy offer to
+  the USSR is under more active consideration at the USDA, saying
+  that any remarks by him would be tantamount to an official
+  announcement and could be construed inappropriately.
+  
+
diff --git a/reuters/training/11400 b/reuters/training/11400
new file mode 100644
index 0000000000000000000000000000000000000000..ec62dce36a74f6e592a8897569835170b7f641df
--- /dev/null
+++ b/reuters/training/11400
@@ -0,0 +1,13 @@
+NEW HARDING GROUP SETS FIRST PAYOUT SINCE 1978
+  <New Harding Group Inc>,
+  formerly Harding Carpets Ltd, said it declared its first
+  dividend since fiscal 1978 of 10 cts per subordinate voting
+  share and multiple voting share, pay April 15, record April 8.
+      The company said the dividend establishes a new policy for
+  the payment of quarterly dividends.
+      New Harding earlier reported profit of 653,000 dlrs or 19
+  cts a share for first quarter ended January 31. It said prior
+  results were not comparable due to the company's November, 1986
+  acquisition of a 57 pct stake in Continuous Colour Coat Ltd.
+  
+
diff --git a/reuters/training/11402 b/reuters/training/11402
new file mode 100644
index 0000000000000000000000000000000000000000..09c6f8b72cb65deeb50109d64aaab1bce7577578
--- /dev/null
+++ b/reuters/training/11402
@@ -0,0 +1,14 @@
+LAROCHE DROPS CONDITION TO NECO <NPT> OFFER
+  Investor David F. Laroche said he has
+  decided to drop the condition to his tender offer for 170,000
+  shares of NECO Enterprises Inc at 26 dlrs each that at least
+  170,000 shares be tendered.
+      He said he has extended the expiration of the offer until
+  April 14.
+      Thorugh March 27, he said 45,696 NECO shares had been
+  tendered.
+      Laroche said he may obtain a short-term loan of up to one
+  mln dlrs from Amoskeag Bank to help finance the purchase of
+  shares under the offer, bearing interest of up to nine pct.
+  
+
diff --git a/reuters/training/11403 b/reuters/training/11403
new file mode 100644
index 0000000000000000000000000000000000000000..116ff56274529dfb0316e3a4356d90e25dec16f7
--- /dev/null
+++ b/reuters/training/11403
@@ -0,0 +1,21 @@
+CHEVRON <CHV>, NIPPON OIL FORM JOINT VENTURE
+  Chevron Corp said its Chevron
+  U.S.A. Inc unit and Tokyo-based Nippon Oil Co Ltd agreed to
+  conduct a joint-venture oil exploration and development program
+  on selected Chevron leaseholds in the United States.
+      About 50 onshore and offshore exploratory wells will be
+  drilled under the agreement and Chevron will be the operator of
+  the project and pay some costs, the company said.
+      It said Nippon will contribute an initial investment of
+  more than 100 mln dlrs.
+      The Japanese government will also participate in the
+  venture by providing financing to Nippon through the Japanese
+  Oil Corp, Chevron said.
+      It said drilling will begin during the second quarter.
+      Properties to be evaluated are located in California,
+  Colorado, Kansas, Oklahoma, Mississippi, Montana, North Dakota,
+  Texas, Utah, and Wyoming, along with Federal Outer Continental
+  Shelf leases offshore Southern California and in the Gulf of
+  Mexico, Chevron said.
+  
+
diff --git a/reuters/training/11405 b/reuters/training/11405
new file mode 100644
index 0000000000000000000000000000000000000000..b7bc112d40521f37f0347ace7081fd476593bb6c
--- /dev/null
+++ b/reuters/training/11405
@@ -0,0 +1,9 @@
+TELECAST <TCST> COMPLETES ACQUISITION FINANCING
+  Telecast Inc said it closed on
+  the financing portion of its previously-announced acquisition
+  of approximately 14,600 hotel rooms from <Dynavision Inc>.
+      The three mln dlr financing package was provided by Sanwa
+  Business Credit Corp, a subsidiary of <Sanwa Bank Ltd> of
+  Japan, the company said.
+  
+
diff --git a/reuters/training/11406 b/reuters/training/11406
new file mode 100644
index 0000000000000000000000000000000000000000..e379ff8ca44c737ce0d063b89747cb6cccc889f2
--- /dev/null
+++ b/reuters/training/11406
@@ -0,0 +1,29 @@
+NEW GASOLINE GRADE TO RAISE U.S. REFINING COSTS
+  A new grade of unleaded gasoline
+  now being test marketed will increase refining costs when
+  refiners can least afford it, according to officials attending
+  the National Petroleum Refiners Association conference here.
+      The new grade of unleaded gasoline has an octane level of
+  89 compared with over 90 for super unleaded and 87 for regular
+  unleaded gasoline.
+       Amoco Corp <AN> has test-marketed the new mid-grade
+  gasoline and hopes to sell it on a regular basis in the South,
+  East and Midwest by the beginning of June, according to Paul
+  Collier, executive vice president of marketing.
+      Phillips Petroleum <P> expects to begin marketing the new
+  89 octane unleaded gasoline in May, sources said.
+      Converting current refinery operations to produce the 89
+  octane unleaded gsoline could cost hundreds of millions of
+  dollars per refinery but that depends on the present capacity
+  and intensity of the refinery, said Amoco's Collier.
+      But not all oil company's welcome the introduction of
+  another grade of unleaded gasoline.
+      "Three grades are not warranted," said Henry Rosenberg,
+  chairman of Crown Central Petroleum <CNP>. "Refiners will have
+  to upgrade again," he added.
+      "An investment will have to be made," said Archie Dunham,
+  executive vice president of petroleum products at Conoco, an
+  operating subsidiary of DuPont Corp <DD> in order to upgrade
+  refinery operations.
+  
+
diff --git a/reuters/training/11407 b/reuters/training/11407
new file mode 100644
index 0000000000000000000000000000000000000000..0b6578beacd600ae54fb8ff1a1a9eae4b7ceb34e
--- /dev/null
+++ b/reuters/training/11407
@@ -0,0 +1,12 @@
+CHARTER POWER SYSTEMS INC <CHP> 4TH QTR JAN 31
+  Shr profit 18 cts vs loss 21 cts
+      Net profit 766,000 vs loss 510,000
+      Sales 32.4 mln vs 25.5 mln
+      Year
+      Shr profit 71 cts vs loss 23 cts
+      Net profit 2,337,000 vs loss 747,000
+      Sales 132.1 mln vs 119.6 mln
+      NOTE: Prior year results pro forma for acquisition of C and
+  D Power Systems divisions of Allied-Signal Inc <ALD>.
+  
+
diff --git a/reuters/training/11413 b/reuters/training/11413
new file mode 100644
index 0000000000000000000000000000000000000000..04466028ecb127c5e8fce77a0f814b8325f54788
--- /dev/null
+++ b/reuters/training/11413
@@ -0,0 +1,17 @@
+RENAULT <RENA.PA> YR ENDED DEC 31 1986
+  Consolidated net loss 5.54 billion francs vs loss 10.93
+  billion.
+      Consolidated net turnover 131.06 billion francs vs 122.14
+  billion.
+      Consolidated debt 54.3 billion francs vs 61.9 billion.
+      Net loss car making 4.14 billion francs vs loss 10.99
+  billion.
+      Net loss industrial vehicles 990 mln vs loss 1.54 billion.
+      Note - The company said the consolidated net loss was after
+  costs and provisions for restructuring of 3.90 billion francs,
+  which includes exceptional items arising from the planned sale
+  of its stake in American Motors Corp <AMO> to Chrysler Corp
+  <C>.
+      Full company name is Regie Nationale des Usines Renault.
+  
+
diff --git a/reuters/training/11415 b/reuters/training/11415
new file mode 100644
index 0000000000000000000000000000000000000000..385b323d009caa54329d734a78459569890b66be
--- /dev/null
+++ b/reuters/training/11415
@@ -0,0 +1,9 @@
+TUNISIA TENDER EXPECTED FOR 100,000 TONNES WHEAT
+  Tunisia is expected to tender shortly for
+  100,000 tonnes of soft wheat for shipment between April and
+  June, covered by COFACE export credits, trade sources said.
+      Over 300,000 tonnes of French soft wheat have been sold to
+  Tunisia since the beginning of the 1986/87 campaign, of which
+  225,000 to 250,000 tonnes have already been shipped, they said.
+  
+
diff --git a/reuters/training/11416 b/reuters/training/11416
new file mode 100644
index 0000000000000000000000000000000000000000..98a581b64aebabfd86def683622a37b788421835
--- /dev/null
+++ b/reuters/training/11416
@@ -0,0 +1,19 @@
+PIZZA INN INC <PZA> 4TH QTR LOSS
+  Shr loss 48 cts vs loss 35 cts
+      Net loss 1,587,000 vs loss 1,063,000
+      Revs 45.3 mln vs 50.9 mln
+      Avg shrs 3,322,032 vs 3,054,457
+      Year
+      Shr profit three cts vs loss 19 cts
+      Net profit 112,000 vs loss 587,000
+      Revs 211.2 mln vs 199.3 mln
+      Avg shrs 3,220,163 vs 3,038,361
+      NOTE: Net includes tax credits 1,411,000 dlrs vs 929,000
+  dlrs in quarter and tax provision 689,000 dlrs vs credit
+  1,288,000 dlrs in year.
+      1986 year revenues include 18.7 mln dlrs from gain on sale
+  of Quality Sausage Co Inc.
+      1986 net includes costs of 900,000 dlrs in quarter and
+  1,200,000 dlrs in year from proposed merger.
+  
+
diff --git a/reuters/training/11417 b/reuters/training/11417
new file mode 100644
index 0000000000000000000000000000000000000000..ad8cb5a802f0dabef11823baeca0de56865b2cba
--- /dev/null
+++ b/reuters/training/11417
@@ -0,0 +1,5 @@
+TREASURY'S BAKER SAYS U.S. REMAINS PREPARED TO FOSTER EXCHANGE RATE STABILITY
+
+  TREASURY'S BAKER SAYS U.S. REMAINS PREPARED TO FOSTER EXCHANGE RATE STABILITY
+  
+
diff --git a/reuters/training/11418 b/reuters/training/11418
new file mode 100644
index 0000000000000000000000000000000000000000..0a8aaa1ad4ff8902eda37120747e6619d62b4549
--- /dev/null
+++ b/reuters/training/11418
@@ -0,0 +1,26 @@
+ARVIN <ARV> SES FLAT 1ST QTR RESULTS
+  Arvin Industries Inc said higher
+  interest costs from borrowings to make acquisitions will
+  produce earnings flat with last year's 59 cts a share results.
+      Arvin said it might earn 57 cts to 60 cts a share in the
+  quarter.
+      These results also reflect the seasonally low sales pattern
+  of automotive replacement parts in that period.
+      Arvin forecast about 85 cts a share net in the second
+  quarter compared with 68 cts in last year's period.
+      The company said revenues for full year 1987 it will exceed
+  1.4 billion dlrs, net earnings will increase more than 30 pct,
+  while per share earnings should increase 12 to 18 pct.
+      Arvin's 1986 revenues were 995.6 mln, net reached 41.2 mln
+  and earnings per share 2.46 dlrs.
+      It based these forecasts due to the addition of Schrader
+  Automotive Inc and Maremont Corp, both acquired last year.
+      Chairman James Baker said 1987 quarterly comparisons will
+  not conform to historical patterns for the year because the
+  acquisitions of Schrader and Maremond occurred in different
+  quarters.
+      He said Arvin will complete the purchase of Systems
+  Research Laboratories in the second quarter of 1987. This will
+  also increase revenues.
+  
+
diff --git a/reuters/training/11420 b/reuters/training/11420
new file mode 100644
index 0000000000000000000000000000000000000000..7b887360a1d103c658c00a572468b36827015594
--- /dev/null
+++ b/reuters/training/11420
@@ -0,0 +1,5 @@
+TREASURY'S BAKER SEES 15-20 BILLION DLR U.S. TRADE DEFICIT REDUCTION THIS YEAR
+
+  TREASURY'S BAKER SEES 15-20 BILLION DLR U.S. TRADE DEFICIT REDUCTION THIS YEAR
+  
+
diff --git a/reuters/training/11421 b/reuters/training/11421
new file mode 100644
index 0000000000000000000000000000000000000000..f7f0abfbdf37ffd9cdc175185a91b3138de71a34
--- /dev/null
+++ b/reuters/training/11421
@@ -0,0 +1,5 @@
+TREASURY'S BAKER SAYS REAGAN UNLIKELY TO ALTER OPPOSITION TO OIL IMPORT FEE
+
+  TREASURY'S BAKER SAYS REAGAN UNLIKELY TO ALTER OPPOSITION TO OIL IMPORT FEE
+  
+
diff --git a/reuters/training/11422 b/reuters/training/11422
new file mode 100644
index 0000000000000000000000000000000000000000..067a222e07d0de45c8450c324b9751032d0bf56b
--- /dev/null
+++ b/reuters/training/11422
@@ -0,0 +1,5 @@
+FED SETS 1.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+
+  FED SETS 1.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+  
+
diff --git a/reuters/training/11424 b/reuters/training/11424
new file mode 100644
index 0000000000000000000000000000000000000000..d320825b840f3b1b702872007a28d5ec377b5734
--- /dev/null
+++ b/reuters/training/11424
@@ -0,0 +1,7 @@
+CORTRONIC CORP <CTRN> YEAR LOSS
+  Shr loss 23 cts vs loss 15 cts
+      Net loss 1,121,664 vs loss 640,862
+      Sales 37,485 vs nil
+      NOTE: Company in development stage.
+  
+
diff --git a/reuters/training/11425 b/reuters/training/11425
new file mode 100644
index 0000000000000000000000000000000000000000..e742664bdf8b548ced9a94e4070b10864a5d4107
--- /dev/null
+++ b/reuters/training/11425
@@ -0,0 +1,9 @@
+FED ADDS RESERVES VIA CUSTOMER REPURCHASES
+  The Federal Reserve entered the U.S.
+  Government securities market to arrange 1.5 billion dlrs of
+  customer repurchase agreements, a Fed spokesman said.
+      Dealers said Federal funds were trading at 6-3/8 pct when
+  the Fed began its temporary and indirect supply of reserves to
+  the banking system.
+  
+
diff --git a/reuters/training/11427 b/reuters/training/11427
new file mode 100644
index 0000000000000000000000000000000000000000..59c5beaa3b222f7c8c343538cb8919cc9899cb82
--- /dev/null
+++ b/reuters/training/11427
@@ -0,0 +1,23 @@
+WINTER WEATHER HURTS EAST GERMAN GRAIN - USDA
+  Shifts from mild to very cold
+  weather in East Germany damaged winter barley and late sown
+  winter wheat in central regions and barley north of Berlin, the
+  U.S. agricultural officer in East Berlin said.
+      In a field report, the officer said indications were that
+  winter kill might well be more than 100,000 hectares compared
+  with 38,000 last year.
+      He said the damage was probably more limited in southern
+  and central regions and most widespread in the north.
+      Damage was most severe on plants above the ground where
+  little or no snow cover was present, he added.
+      The officer said heavy frosts at night followed by sunshine
+  during the day led to some heaving, particularly for well
+  developed plants and for winter barley.
+      Furthermore, as the ground surface thawed, some standing
+  water occurred in the fields.
+      The officer said repairing damage will probably call for
+  special measures this spring in fields with damaged plants and
+  where stands are thin. Harrowing, as well as well-timed
+  applications of nitrogen, will be necessary, he added.
+  
+
diff --git a/reuters/training/11428 b/reuters/training/11428
new file mode 100644
index 0000000000000000000000000000000000000000..b225e98264dd00b3106b40ce312f82fd5ef018fe
--- /dev/null
+++ b/reuters/training/11428
@@ -0,0 +1,9 @@
+WATSO INC <WSOA> SETS REGULAR PAYOUTS
+  Qtrly Class A div five cts vs five cts prior
+      Qtrly Class B div four cts vs four cts prior
+      Pay May 29
+      Record April 30
+      NOTE: company changed date for its annual shareholders'
+  meeting to June 24 from June 15 due to a scheduling conflict.
+  
+
diff --git a/reuters/training/11429 b/reuters/training/11429
new file mode 100644
index 0000000000000000000000000000000000000000..ef4976a6bd59c8734ccb370cdc141209e8221367
--- /dev/null
+++ b/reuters/training/11429
@@ -0,0 +1,7 @@
+EATERIES INC <EATS> YEAR NET
+  Shr profit 10 cts vs loss two cts
+      Net profit 140,332 vs loss 21,290
+      Revs 4,202,305 vs 1,692,976
+      Avg shrs 1,400,945 vs 1,106,500
+  
+
diff --git a/reuters/training/1143 b/reuters/training/1143
new file mode 100644
index 0000000000000000000000000000000000000000..a8f02f351885db8337274edf9d09771491a17e37
--- /dev/null
+++ b/reuters/training/1143
@@ -0,0 +1,3 @@
+ 3-MAR-1987 11:58:47.35
+   3-MAR-1987 11:58:47.35
+
diff --git a/reuters/training/11430 b/reuters/training/11430
new file mode 100644
index 0000000000000000000000000000000000000000..53b1cfa4609d82a2a4c11f5a60159e28ae16cc34
--- /dev/null
+++ b/reuters/training/11430
@@ -0,0 +1,19 @@
+TREASURY'S BAKER SAYS U.S. BACKS STABILITY
+  Treasury Secretary James Baker said
+  the United States and the five other industrialized nations
+  signing the recent Paris Accord remain committed to fostering
+  the exchange rate at around current levels.
+      But he declined to comment on what he believed to be an
+  appropriate level of the dollar in world markets.
+      "I'm not going to comment on that because invariably the
+  exchange markets read either more or less into my remarks than
+  I might intend," he said in response to a question from the
+  House Appropriations Committee.
+      Baker said the six nations participating in the Paris
+  meeting in February had "acknowledged that the currencies are
+  within ranges that are broadly consistent with the economic
+  fundamentals and we and the others as well remain prepared to
+  cooperate closely to foster stability in exchange rates around
+  those levels."
+  
+
diff --git a/reuters/training/11431 b/reuters/training/11431
new file mode 100644
index 0000000000000000000000000000000000000000..594ed8deb89bb4609feb6ce72ad44741e8bf5487
--- /dev/null
+++ b/reuters/training/11431
@@ -0,0 +1,13 @@
+MAY <MA> TO SELL SYCAMORE DIVISION
+  The May Department Stores Co said it
+  has signed an agreement to sell its Sycamore Specialty Store
+  Division to an investment group that includes Syacmore senior
+  management.
+      May said it expects to close the deal, which includes the
+  entire division and its 1,000 employees, in April.
+      Sycamore has 111 women's apparel stores in Indiana, Ohio,
+  Illinois, Kentucky and Michigan, May said.
+      May added that the Indiana National Bank of Indianapolis
+  provided a portion of the deal's financing.
+  
+
diff --git a/reuters/training/11433 b/reuters/training/11433
new file mode 100644
index 0000000000000000000000000000000000000000..6e796f180101ca167f95e1d9a4bb9ee16165cb58
--- /dev/null
+++ b/reuters/training/11433
@@ -0,0 +1,8 @@
+CPL REAL ESTATE <CNTRS> CUTS REGULAR PAYOUT
+  Qtrly div 26 cts vs 27 cts prior
+      Payable April 27
+      Record April 10
+      NOTE: full name of company is cpl real estate trust
+  investment.
+  
+
diff --git a/reuters/training/11435 b/reuters/training/11435
new file mode 100644
index 0000000000000000000000000000000000000000..921642790cc6aa85a6b18fcea8990b55545dbc31
--- /dev/null
+++ b/reuters/training/11435
@@ -0,0 +1,7 @@
+NATIONAL BANCSHARES <NBCT> TO HAVE GAIN ON SALE
+  National Bancshares Corp of Texas
+  said it has completed the previously-announced sale of 90,000
+  credit card accounts of to Lomas and Nettleton Financial Corp
+  <LNF> for 45.6 mln dlrs, resulting in a gain of 5,800,000 dlrs.
+  
+
diff --git a/reuters/training/11436 b/reuters/training/11436
new file mode 100644
index 0000000000000000000000000000000000000000..c14d07275a3ecd246ca3ef8af65f036a8be5831d
--- /dev/null
+++ b/reuters/training/11436
@@ -0,0 +1,17 @@
+TRADERS EXPECT SHARP DROP IN U.S. CORN ACREAGE
+  Grain trade analysts expect a sharp
+  drop in corn acreage, with most expecting a more modest decline
+  in soybeans, in the U.S. Agriculture Department, USDA,
+  plantings intentions report due out at 1500 est (2100 gmt).
+      The average trade guess for 1987 planted corn acreage was
+  66.06 mln acres, ranging from 60.7 to 69.0 mln, all well below
+  the 76.67 mln planted last year due to improved incentives by
+  the USDA for farmers to retire acres. Corn acres totalled only
+  60.22 mln in 1983, when the PIK program was introduced.
+      The average soybean planted acreage quesstimate was 59.49
+  mln, ranging from 58.0 to 63.0 mln and compared with the 61.48
+  mln planted in 1986
+      With substantial grain stocks, less interest was expressed
+  among analysts in the USDA stocks report also scheduled today.
+  
+
diff --git a/reuters/training/11437 b/reuters/training/11437
new file mode 100644
index 0000000000000000000000000000000000000000..7cc9214a8aa47c6605e57e4d3e30b959f831c1a9
--- /dev/null
+++ b/reuters/training/11437
@@ -0,0 +1,18 @@
+USDA'S AMSTUTZ CONFIDENT OF EC OILS TAX DEFEAT
+  U.S. Agriculture Undersecretary
+  Daniel Amstutz said he was confident that a European Community,
+  EC, proposal to tax vegetable and marine oils and fats would
+  not be approved by the Community.
+      Asked by Reuters if he was confident the plan eventually
+  would be defeated, Amstutz said, "Yes, I am, but I also know
+  that things like this take constant vigilance."
+      The USDA official said the EC Council of Ministers held an
+  ad hoc meeting yesterday.
+      Commenting on that meeting, he said, "So far, so good."
+      Yesterday British Farm Minister Michael Jopling said enough
+  EC states appeared to be opposed to the proposals by the
+  commission for a 330 European Currency Unit a tonne tax on
+  vegetable oils, fats and marine oils for the moves to be
+  defeated.
+  
+
diff --git a/reuters/training/11440 b/reuters/training/11440
new file mode 100644
index 0000000000000000000000000000000000000000..8cb031975a328b00631d99100926f68e72a5950c
--- /dev/null
+++ b/reuters/training/11440
@@ -0,0 +1,14 @@
+CPL REAL ESTATE <CNTRS> SEES LOWER DIVIDENDS
+  CPL Real Estate Trust
+  Investment said its regular quarterly dividend distribution
+  will be lower than its present 26 cts per share, and could be
+  significantly lower starting with the third quarter of 1987.
+      The company, which lowered the payout from 27 cts to 26 cts
+  this current quarter, said it did not know how low the payout
+  would go.
+      The company said the reason for the cutbacks was because it
+  would not be purchasing a property it had anticipated, and
+  alternative investments will produce significantly lower yields
+  than anticipated.
+  
+
diff --git a/reuters/training/11441 b/reuters/training/11441
new file mode 100644
index 0000000000000000000000000000000000000000..676c96f1d54239fe3e0bceed50ea6d84e97735ec
--- /dev/null
+++ b/reuters/training/11441
@@ -0,0 +1,10 @@
+HANSON TRUST <HAN> SELLS UNIT
+  Reichhold Chemicals Inc said
+  it is part of a group that has purchased PCR Inc from Hanson
+  Trust PLC's SCM Corp subsidiary.
+      It said other group members include Jacksonville, Fla.,
+  businessman Jack C. Demetree and managers of PCR.
+      Reichhold said it made a "modest" cash investment.  PCR
+  makes high-performance materials for a variety of industries.
+  
+
diff --git a/reuters/training/11443 b/reuters/training/11443
new file mode 100644
index 0000000000000000000000000000000000000000..4683a2a3418d21f92d184bffcaadf5ca40b3af99
--- /dev/null
+++ b/reuters/training/11443
@@ -0,0 +1,12 @@
+AMERICAN RECREATION CENTERS INC <AMRC> 3RD QTR
+  Shr 13 cts vs 17 cts
+      Net 553,000 vs 728,000
+      Revs 6.9 mln vs 7.5 mln
+      Nine months
+      Shr 17 cts vs 18 cts
+      Net 732,000 vs 776,000
+      Revs 18.5 mln vs 18.2 mln
+      NOTE:Share earnings reflect 5-for-4 stock split effective
+  July 31.
+  
+
diff --git a/reuters/training/11444 b/reuters/training/11444
new file mode 100644
index 0000000000000000000000000000000000000000..bfe43286662ce38134fdaefdeac8117098973079
--- /dev/null
+++ b/reuters/training/11444
@@ -0,0 +1,13 @@
+TREASURY'S BAKER SEES REAGAN OPPOSING OIL TAX
+  Treasury Secretary James Baker told
+  the House Appropriations Committee that he believes the
+  president remains opposed to an oil import fee.
+      He said Reagan last year rejected the idea and he added:
+      "In my personal view he is not likely to change his thinking
+  on that."
+      He said Reagan last year opposed the idea because the
+  energy industry was divided on the issue, a tax would require a
+  new bureacracy to administer and the resulting higher energy
+  prices would harm U.S. competitiveness.
+  
+
diff --git a/reuters/training/11445 b/reuters/training/11445
new file mode 100644
index 0000000000000000000000000000000000000000..20772649cd721d1e1568a943f5c7f7276080d2d3
--- /dev/null
+++ b/reuters/training/11445
@@ -0,0 +1,13 @@
+FRENCH MARKET TALK OF SYRIAN WHEAT PURCHASES
+  Syria may have bought 80,000 tonnes of
+  French soft wheat, some traders here said.
+      But others said it may instead have given payment
+  guarantees to allow for the shipping of an old contract to go
+  ahead.
+      Syria has bought around 320,000 tonnes of soft French wheat
+  since the beginning of the 1986/87 campaign, of which only
+  121,000 tonnes had been exported by the end of last month.
+      The country also bought around 30,000 tonnes of EC soft
+  wheat 12 days ago at 80 to 81 dlrs a tonne, fob, they said.
+  
+
diff --git a/reuters/training/11446 b/reuters/training/11446
new file mode 100644
index 0000000000000000000000000000000000000000..b427666128f589c42f8d6bfc40e8438ca1da2cb4
--- /dev/null
+++ b/reuters/training/11446
@@ -0,0 +1,12 @@
+TREASURY'S BAKER SEES SMALLER TRADE DEFICIT
+  Treasury secretary James Baker
+  predicted the U.S. trade deficit would decline 15-20 billion
+  dlrs this year.
+      However, he acknowledged signs were still lacking on such a
+  decline.
+      "We think we are beginning to see changes," he told the House
+  Appropriations Committee.
+      "It has begun to level off (but) we don't see it beginning
+  to go down yet," he told the panel.
+  
+
diff --git a/reuters/training/11447 b/reuters/training/11447
new file mode 100644
index 0000000000000000000000000000000000000000..252a9380996817117bfc80122bc95951c7bfcb57
--- /dev/null
+++ b/reuters/training/11447
@@ -0,0 +1,33 @@
+BANGEMANN CALLS FOR CURRENCY CALM
+  West German Economics Minister Martin
+  Bangemann urged a halt to the talking down of the dollar by
+  both official and private institutions in the U.S., Saying calm
+  was needed on the foreign exchanges.
+      Speaking at the opening of the 40th Hanover Industry Fair,
+  Bangemann said radical changes in foreign exchange parities had
+  left their mark on exports and investments. He added that
+  without these external difficulties, West Germany's economy
+  would have grown by 3.5 pct last year instead of the 2.5 pct
+  reported.
+      Bangemann said he could not deny that the economic climate
+  in West Germany had cooled, but he stressed the country was not
+  in a downtrend.
+      The minister also criticised state subsidies, which he said
+  mainly favoured large companies and created a tax burden for
+  smaller and medium sized firms.
+      Bangemann referred specifically to subsidies in the steel
+  industry, which he said had to be fought with all legal means
+  when they did not correspond to European Community guidelines
+  on grants.
+      He added that in light of the declining demand for steel
+  capacities had to be adjusted, saying the Bonn government would
+  not successfully be able to stand in the way of any change in
+  this industry.
+      Bangemann also spoke out against protectionism and called
+  for more competition, citing as an example the Federal Post
+  Office.
+      The Post Office enjoys a monopoly in West Germany,
+  especially as far as deciding who is able to provide
+  telecommunications equipment.
+  
+
diff --git a/reuters/training/11449 b/reuters/training/11449
new file mode 100644
index 0000000000000000000000000000000000000000..896dcc3309a27feb8677c9f71b8864722729b671
--- /dev/null
+++ b/reuters/training/11449
@@ -0,0 +1,13 @@
+NECO <NPT> BIDDER EXTENDS TENDER OFFER
+  Investor David LaRoche said he has
+  extended his cash offer to buy 170,000 shares of NECO
+  Enterprises Inc at 26 dlrs each until April 14. The tender
+  offer was to have expired yesterday.
+      In a filing with the Securities and Exchange Commission,
+  LaRoche, a North Kingstown, R.I., investor who already holds
+  nearly one-third of NECO's total outstanding commonstock, also
+  waived a condition of his offer that a minimum of 170,000
+  shares actually be tendered.
+      NECO has 957,000 shares outstanding.
+  
+
diff --git a/reuters/training/11450 b/reuters/training/11450
new file mode 100644
index 0000000000000000000000000000000000000000..7721196d4430c160596a71d5816877825964f6c0
--- /dev/null
+++ b/reuters/training/11450
@@ -0,0 +1,12 @@
+TREASURY'S BAKER PURSUING S. ASIAN REVALUATIONS
+  Treasury Secretary James Baker told
+  the House Appropriations Committee the United States is still
+  pressing newly industrialized south Asian nations that have
+  tied their currencies to the dollar to let those currencies
+  strengthen against the dollar.
+      "We have seen some strengthening of those currencies (but)
+  not as much as we would like," he said.
+      "We have been somewhat disappointed in the results so far,
+  but we intend to continue these discussions," he said.
+  
+
diff --git a/reuters/training/11451 b/reuters/training/11451
new file mode 100644
index 0000000000000000000000000000000000000000..fac20b6d0b84d147f5f09019de172530e12a8c9f
--- /dev/null
+++ b/reuters/training/11451
@@ -0,0 +1,22 @@
+PIER 1 IMPORTS <PIR> AMENDING DATES ON SPLIT
+  Pier 1 Imports Inc said it
+  amended its record and distribution dates for its previously-
+  announced three-for two common and 25 cts preferred stock
+  split.
+      The split common and 25 cts preferred shares will be
+  distributed on July 2, 1987, to shareholders of record June 24,
+  1987.
+      The stock split requires shareholder approval of an
+  increase in authorized shares of common stock to 100 mln from
+  25 mln and an increase of authorized shares of preferred stock
+  to five mln from one mln, the company said.
+      The change in the dates was based on the company's desire
+  to have the additional common and 25 cts preferred shares trade
+  for the shortest practical period of time on a "when issued"
+  basis following a favorable shareholder vote at the annual
+  meeting June 24, it said.
+      The previously announced record and distribution dates were
+  May 13, 1987, and June 29, 1987, respectively, the company
+  said.
+  
+
diff --git a/reuters/training/11452 b/reuters/training/11452
new file mode 100644
index 0000000000000000000000000000000000000000..84da6050e7aff531faffca7e4b261270d8f46772
--- /dev/null
+++ b/reuters/training/11452
@@ -0,0 +1,13 @@
+INTERNATIONAL BIOTECHNOLOGIES <IBIO> 4TH QTR
+  Shr loss 34 cts vs loss 14 cts
+      Net loss 798,000 vs loss 213,000
+      Revs 1.5 mln vs 1.5 mln
+      Year
+      Shr loss 61 cts vs loss 2.08 dlrs
+      Net loss 1.4 mln vs 1.0 mln
+      Revs 6.8 mln vs 6.0 mln
+      NOTE:1986 net loss includes non-recurring charges of
+  132,000 dlrs and 270,000 dlrs. Full name is INternational
+  Biotechnologies Inc.
+  
+
diff --git a/reuters/training/11455 b/reuters/training/11455
new file mode 100644
index 0000000000000000000000000000000000000000..d197aee921d0e3b1a7669738e8393bb8803f39ca
--- /dev/null
+++ b/reuters/training/11455
@@ -0,0 +1,17 @@
+U.S. OFFICIALS DEFEND OIL RESERVE SALE PLAN
+  Treasury Secretary James Baker and
+  Office of Management and Budget chief James Miller defended an
+  administration plan to sell the U.S. Naval Petroleum Reserves.
+      In response to hostile questioning from a member of the
+  House Appropriations Committee, the officials said the plan was
+  justified to help bring the fiscal 1988 budget deficit and to
+  get the government out of the oil business.
+      Miller acknowleged the estimated sale proceeds at 3.3
+  billion dlrs would actually bring down the deficit by about 2.2
+  billion dlrs because of the loss of revenues from the sale of
+  oil from the reserves.
+      Miller said the sale price may end up higher.
+      "We'd sell it to the highest bidder," Miller said.
+      "If we can get more we'll take it."
+  
+
diff --git a/reuters/training/11459 b/reuters/training/11459
new file mode 100644
index 0000000000000000000000000000000000000000..5ef2dc690c3d7d656d4b427441465dc017f18d9c
--- /dev/null
+++ b/reuters/training/11459
@@ -0,0 +1,33 @@
+TRADERS CUT BAHIA TEMPORAO COCOA CROP ESTIMATE
+  Trade estimates of the coming
+  May/September temporao harvest in Brazil's main cocoa growing
+  state of Bahia are now in the 1.5 mln to 2.0 mln 60-kilo bag
+  range against 2.0 mln to 2.5 mln two weeks ago.
+      Traders in the state capital Salvador told Reuters the
+  effects of a dry period in the first six weeks of the year had
+  been harsher than thought earlier.
+      Although good flowering had followed the onset of rains in
+  mid-February subsequent pod setting was dissappointing.
+      Last year's temporao, also hit by a dry spell, was 2.77 mln
+  bags. In 1984 severe drought cut the crop to 1.79 mln bags.
+      The traders said another factor leading to lower crop
+  predictions is that many farmers are not caring properly for
+  plantations because of low returns on their investment.
+      Manpower, fertiliser and other costs have been cut back as
+  farmers feel the pinch of the rise in interest rates over the
+  past six months coupled with low bean prices.
+      If such economies continue into the winter months both the
+  temporao and the developing October/April main crop could face
+  serious damage from pod rot attacks on trees which would
+  normally be treated against the disease.
+      Recent very wet weather has already caused some isolated
+  incidences of pod rot but reports from the growing regions say
+  these are not yet significant.
+      The traders said they expect very low deliveries of
+  temporao beans in the first three months of the harvest and the
+  bulk will not appear until the last month, September.
+      Despite the low loads, trees are said to be in excellent
+  condition and recent flowering and pod setting - which will
+  lead to late temporao/early main crop beans - has been good.
+  
+
diff --git a/reuters/training/11460 b/reuters/training/11460
new file mode 100644
index 0000000000000000000000000000000000000000..8535be2c683c20e155958d6b892ffae897cb16c2
--- /dev/null
+++ b/reuters/training/11460
@@ -0,0 +1,16 @@
+TREASURY'S BAKER NOT CONCERNED BY BOND DECLINES
+  Treasury Secretary James Baker,
+  asked whether he was concerned about yesterdays precipitous
+  decline in bond prices, said he was not.
+      Questioned by reporters as he left a House committee
+  hearing, Baker said "no," when asked about the bond decline,
+  adding that it was a reflection of concern about the
+  possibility of a trade war.
+      "It is what the markets think would be the adverse
+  consequences of a trade war."
+      He said the administration was concerned that protectionism
+  would lead to international trade problems adding that he
+  thought the action against the Japanese was still consistent
+  with this policy.
+  
+
diff --git a/reuters/training/11461 b/reuters/training/11461
new file mode 100644
index 0000000000000000000000000000000000000000..a2ffd66e3108fdd2fa859a564e939ae3fa9efe81
--- /dev/null
+++ b/reuters/training/11461
@@ -0,0 +1,14 @@
+U.S.-JAPAN NOT IN TRADE WAR, YEUTTER SAYS
+  The United States and Japan are not
+  involved in a trade war, despite U.S. sanctions announced last
+  week against Japanese semiconductors, U.S. Trade Representative
+  Clayton Yeutter said.
+      "In my judgement, we're not even close to a trade war,"
+  Yeutter told a House Agriculture Committee hearing.
+      Yeutter said if Japan takes action to honor its agreement
+  with the U.S. on semiconductor trade, "Then the retaliatory
+  response will last a relatively short period."
+      Yeutter said Japan must stop dumping chips in third
+  countries and buy more American computer chips.
+  
+
diff --git a/reuters/training/11462 b/reuters/training/11462
new file mode 100644
index 0000000000000000000000000000000000000000..6f84631b909000a808ba5b0f651ea9100b1fa8e4
--- /dev/null
+++ b/reuters/training/11462
@@ -0,0 +1,17 @@
+CSCE ALTERS RULES ON TRADING LIMITS
+  The Coffee, Sugar and Cocoa Exchange
+  amended regulations governing expanded trading limits on
+  coffee, cocoa and sugar contracts to provide uniformity.
+      Effective today, the exchange will permit normal daily
+  price limits in those commodities to expand whenever the first
+  two limited contract months move the limit in the same
+  direction for two consecutive sessions.
+      The normal daily limits will be reinstated once the first
+  two limited deliveries close by less than the normal limit for
+  two successive trading days.
+      Previously exchange rules required the first three limited
+  months to move the limit in coffee and cocoa. It had required
+  the first two limited sugar deliveries to make such moves for
+  three consecutive sessions.
+  
+
diff --git a/reuters/training/11464 b/reuters/training/11464
new file mode 100644
index 0000000000000000000000000000000000000000..f3205f00e2d3ee4fad038f6abdc55bb896a30030
--- /dev/null
+++ b/reuters/training/11464
@@ -0,0 +1,14 @@
+UAL <UAL> COMPLETES BUY OF HILTON INT'L
+  UAL Inc said it completed the
+  acquisition of Hilton International from Transworld Corp <TWT>,
+  paying 982.5 mln dlrs in cash and securities.
+      Hilton International will add 90 hotels to UAL's Westin
+  hotel unit, which operates 61 hotels. The two chains will have
+  a total of 151 hotels with 67,000 rooms and 71,000 employees,
+  it said.
+      Harry Mullikin, chairman and chief executive of UAL's
+  Westin Hotel unit, has been elected to the additional post of
+  chairman and chief executive of Hilton International.
+      UAL will change its name to Allegis at its annual meeting.
+  
+
diff --git a/reuters/training/11465 b/reuters/training/11465
new file mode 100644
index 0000000000000000000000000000000000000000..c1ecd54f2a1a8d395b85f4f5a914204d6badb784
--- /dev/null
+++ b/reuters/training/11465
@@ -0,0 +1,10 @@
+OCCIDENTAL <OXY> SELLS UNIT TO <HENKEL KGAA>
+  Henkel KGaA of Dusseldorf, West
+  Germany, said it has completed the acquisition of the Process
+  Chemicals Division of Occidental Petroleum Corp's <OXY>
+  Occidental Chemical Corp subsidiary for undisclosed terms.
+      Process Chemicals, acquired from Diamond Shamrock Corp
+  <DIA> in September, makes specialty chemicals for a variety of
+  industrial markets and has annual sales of about 160 mln dlrs.
+  
+
diff --git a/reuters/training/11466 b/reuters/training/11466
new file mode 100644
index 0000000000000000000000000000000000000000..e1547aa0c18719ac15dfe704747e6a2d1c4514fb
--- /dev/null
+++ b/reuters/training/11466
@@ -0,0 +1,17 @@
+SOUTHWESTERN ENERGY <SWN>, ARKLA <ALG> SET PACT
+  Southwestern Energy Co said
+  it reached an agreement with Arkla Energy Resources for Arkla
+  to carry gas owned by Southwestern subsidiaries.
+      Under the agreement, the interstate pipeline division of
+  Arkla Inc will carry up to 25 mln cubic feet of gas a day until
+  Dec 31, 1987, and, subject to capacity, up to 50 mln cubic feet
+  a day in 1988 and 75 mln feet a day for the rest of the pact.
+      Payment terms vary depending on the type of service
+  provided, a Southwestern spokesman said.
+      The deal is effective March one, 1987, expires July one,
+  1997, and is renewable yearly thereafter, he said.
+      The pact calls for transmission of gas owned by Arkansas
+  Western Gas Co, Seeco Inc, Arkansas Gas Gathering Co and
+  Southwestern Energy Production Co, Southwestern Energy said.
+  
+
diff --git a/reuters/training/11468 b/reuters/training/11468
new file mode 100644
index 0000000000000000000000000000000000000000..50443fa5f5e00201b6b4a5b59984da4b0a2f62dd
--- /dev/null
+++ b/reuters/training/11468
@@ -0,0 +1,17 @@
+AMERICAN <AMR> SETS SCHEDULE FOR AIRCAL MERGER
+  AMR Corp's American Airlines unit said
+  it plans to complete the integration of AirCal into its
+  operations within four to five months.
+      American's merger with AirCal, announced last November,
+  received final approval from the Department of Transportation
+  yesterday.
+      American said Richard D. Pearson, coordinator of the
+  airline's merger activities, will become chairman and chief
+  executive officer of AirCal during the period up to completion
+  of the merger.
+      American said Pearson succeeds William Lyon, who has been
+  elected to AMR's board.
+      It added that David A. Banmiller will continue as AirCal's
+  president and chief operating officer.
+  
+
diff --git a/reuters/training/11469 b/reuters/training/11469
new file mode 100644
index 0000000000000000000000000000000000000000..dbc7a7f9fe30e1b760023e6f657befbe70045c06
--- /dev/null
+++ b/reuters/training/11469
@@ -0,0 +1,5 @@
+GENCORP SAYS IT EXPECTS TO COMPLETE SALE OF WOR TV THIS WEEK, ALL CHALLENGES RESOLVED
+
+  GENCORP SAYS IT EXPECTS TO COMPLETE SALE OF WOR TV THIS WEEK, ALL CHALLENGES RESOLVED
+  
+
diff --git a/reuters/training/1147 b/reuters/training/1147
new file mode 100644
index 0000000000000000000000000000000000000000..1640b3179e188d0dc801ac0610960db9642211c9
--- /dev/null
+++ b/reuters/training/1147
@@ -0,0 +1,12 @@
+CHILEAN CONSUMER PRICES RISE 1.7 PCT IN FEBRUARY
+  Chile's consumer price index rose 1.7
+  pct in February to 562.01 (December, 1978 equals 100) after
+  increases of 2.0 pct in January and 0.9 pct in February 1986,
+  the government's National Statistics Institute said.
+      Inflation as measured by the index rose to 17.5 pct over
+  the 12 months to the end of February, compared with 16.6 pct
+  last month and 24.5 pct to the end of February, 1986.
+      In the first two months of the year, inflation was 3.8 pct,
+  against 3.6 pct in the same period of 1986.
+  
+
diff --git a/reuters/training/11470 b/reuters/training/11470
new file mode 100644
index 0000000000000000000000000000000000000000..72bf017f078d739d424ff468d54b1b0738694361
--- /dev/null
+++ b/reuters/training/11470
@@ -0,0 +1,12 @@
+SYMS CORP <SYM> 4TH QTR
+  Shr 43 cts vs 25 cts
+      Net 7.6 mln vs 4.4 mln
+      Revs 72.0 mln vs 66.9 mln
+      Year
+      Shr 84 cts vs 72 cts
+      Net 14.8 mln vs 12.7 mln
+      Revs 223.1 mln vs 215.2 mln
+      NOTE: 1986 4th qtr inludes gain of 2.6 mln dlrs on sale of
+  real estate.
+  
+
diff --git a/reuters/training/11475 b/reuters/training/11475
new file mode 100644
index 0000000000000000000000000000000000000000..470a412b80431384424c8b36fa3fb011444aafbb
--- /dev/null
+++ b/reuters/training/11475
@@ -0,0 +1,13 @@
+NPS TECHNOLOGIES GROUP <NPSGU> 4TH QTR
+  Shr N.A. vs N.A.
+      Net 46,000 vs 106,000
+      Revs 19.8 mln vs 19.0 mln
+      YEar
+      Shr 26 cts vs 26 cts
+      NEt 1.3 mln vs 1.3 mln
+      Revs 82.1 mln vs 105.3 mln
+      NOTE:1986 net includes 870,000 dlrs charge. 1985 net
+  includes 788,000 credit. No share amounts provided for 4th qtr
+  as NPS completed initial offering in August.
+  
+
diff --git a/reuters/training/11476 b/reuters/training/11476
new file mode 100644
index 0000000000000000000000000000000000000000..ae1f6cafc1223d2809d4b1ddbe5d11eaca12faa5
--- /dev/null
+++ b/reuters/training/11476
@@ -0,0 +1,7 @@
+FREEPORT-MCMORAN RESOURCE LP <FRP> QTLY PAYOUT
+  Qtly cash distribution 60 cts vs 60 cts prior
+      Pay May 15
+      Record April 30
+      Note: Full name is Freeport-McMoRan Resources Partners LP.
+  
+
diff --git a/reuters/training/11477 b/reuters/training/11477
new file mode 100644
index 0000000000000000000000000000000000000000..4862b3f4eaa8e7c3175e19e50c93a6bc278deef0
--- /dev/null
+++ b/reuters/training/11477
@@ -0,0 +1,9 @@
+BUTLER <BTLR> TO BUY SKYLIGHT MANUFACTURER
+  Butler Mfg Co said it signed a
+  memorandum of intent to acquire Naturalite Inc, a manufacturer
+  of skylights.
+      It said Garland, Texas-based Naturalite had sales in 1986
+  of about 20 mln dlrs.
+      Terms were not disclosed.
+  
+
diff --git a/reuters/training/11478 b/reuters/training/11478
new file mode 100644
index 0000000000000000000000000000000000000000..5921c3951f8282713ed12ffda86dad06bfe09030
--- /dev/null
+++ b/reuters/training/11478
@@ -0,0 +1,7 @@
+DATA MEASUREMENT CORP <DMCB> 4TH QTR
+  Shr 83 cts vs 60 cts
+      Net 516,063 vs 328,468
+      Revs 8.3 mln vs 5.7 mln
+      NOTE:Shrs reflect 3-for-2 stock split.
+  
+
diff --git a/reuters/training/11479 b/reuters/training/11479
new file mode 100644
index 0000000000000000000000000000000000000000..e9bd77c85a8c02150828ba5cd2cecbbe94902188
--- /dev/null
+++ b/reuters/training/11479
@@ -0,0 +1,9 @@
+PUBCO CORP <PUBO> YEAR NET
+  Oper shr 12 cts vs nine cts
+      Oper net 4,027,852 vs 3,200,837
+      Revs 100.2 mln vs 46.0 mln
+      Note: Oper net excludes tax credits of 517,916 vs 198,000
+      Current year results include proceeds from termination of a
+  pension plan.
+  
+
diff --git a/reuters/training/1148 b/reuters/training/1148
new file mode 100644
index 0000000000000000000000000000000000000000..02c9b7f60d5e46ebcc016d214fae30b40b7397dc
--- /dev/null
+++ b/reuters/training/1148
@@ -0,0 +1,17 @@
+COPPER STUDY GROUP CONSIDERED AT GENEVA MEETING
+  Major copper producing and consuming
+  countries are considering a U.S. proposal to set up a study
+  group to review the world copper market, delegates said.
+      The U.S. initiative was introduced last December at a
+  meeting held here under the auspices of the United Nations
+  Conference on Trade and Development (UNCTAD).
+      The U.S., the world's largest copper consumer and second
+  biggest producer after Chile, has proposed setting up a body to
+  improve statistics and market transparency of the copper
+  economy, and provide a forum for discussion.
+      The new body would not aim at negotiating measures to
+  stabilise depressed world prices.
+      This week's meeting, which began yesterday, is due to end
+  Friday.
+  
+
diff --git a/reuters/training/11481 b/reuters/training/11481
new file mode 100644
index 0000000000000000000000000000000000000000..0d7eb6eb25850fcf39973ad5409effe2d9e70309
--- /dev/null
+++ b/reuters/training/11481
@@ -0,0 +1,7 @@
+<MONTREAL TRUSTCO INC> YEAR NET
+  Shr 94 cts vs 75 cts
+      Net 27.0 mln vs 18.4 mln
+      Revs 631.6 mln vs 409.5 mln
+      Avg shrs 27.1 mln vs 22.6 mln
+  
+
diff --git a/reuters/training/11484 b/reuters/training/11484
new file mode 100644
index 0000000000000000000000000000000000000000..2dba7d8b43d11107b4595117b691dbafa0e26bef
--- /dev/null
+++ b/reuters/training/11484
@@ -0,0 +1,9 @@
+TRADESTAR <TIRR> ACQUIRES IMAGE VIDEO
+  Tradestar Corp said it acquired
+  <Image Video Inc> for an undisclosed sum.
+      The company said Image Video produces and distributes
+  videos for the home market.
+      Image Video is scheduled to release 20 video projects in
+  1987, it said.
+  
+
diff --git a/reuters/training/11487 b/reuters/training/11487
new file mode 100644
index 0000000000000000000000000000000000000000..6e7c8b9f1955f35ed070d52fb3a118b5cf45272d
--- /dev/null
+++ b/reuters/training/11487
@@ -0,0 +1,61 @@
+CHIRAC, REAGAN DISCUSS ARMS CONTROL, TRADE
+  French Prime Minister Jacques Chirac
+  opened talks with President Ronald Reagan expected to focus on
+  superpower arms control moves and trade issues.
+      French officials said a major aim of Chirac's visit was to
+  present France's concern that the United States might ignore
+  European security interests in any accord with Moscow on
+  removing medium-range nuclear missiles from the continent.
+      But Reagan was expected to assure Chirac that he will not
+  agree to a deal at the Geneva superpower talks that would give
+  the Russians superiority in shorter-range systems, diplomats
+  said.
+      France has expressed doubts about removing U.S. missiles
+  from Europe so long as the Soviet Union maintains an edge in
+  other weaponry, particularly shorter-range rockets,
+  conventional forces and chemical weapons.
+      Speaking last night, Chirac set out the French position
+  saying: "Any agreement on intermediate nuclear forces should
+  mention how equality can be achieved in short-range missiles."
+      Reagan and Chirac meanwhile signed an agreement ending a
+  dispute between two leading research institutes over patent
+  rights to a blood screening test for the deadly disease AIDS.
+      In a joint statement, Chirac and Reagan said the Pasteur
+  Institute in Paris and the National Cancer Institute, of
+  Bethesda, Maryland, agreed to give part of the royalties from
+  the test to a new foundation dedicated to the wordwide fight
+  against AIDS (Acquired Immune Deficiency Syndrome).
+      "This agreement opens a new era in Franco-American
+  cooperation, allowing France and the United States to join
+  their efforts to control this terrible disease in the hopes of
+  speeding the development of an AIDS vaccine and cure," Reagan
+  said at the signing ceremony. 
+      He said the two parties would share the patent and give 80
+  per cent of the royalties received to the new foundation.
+      The foundation would also raise private funds and would
+  donate 25 per cent of its money to combat AIDS in less
+  developed countries. 
+      Both leaders stressed the long ties between France and the
+  United States during a welcoming ceremony in the White House
+  East Room, with Reagan describing France as "America's oldest
+  ally in war and peace." 
+      "I have come to tell you that we are remain motivated by the
+  same ideals of freedom, by the same will to face the dangers
+  which we both confront -- terrorism, war, hunger, poverty, new
+  diseases and drugs," Chirac replied.
+      But the two countries are likely to have less to agree on
+  over the issue of trade, where Chirac is worried about a rise
+  in protectionism in the U.S. Congress. 
+      A senior U.S. official yesterday dismissed a French idea to
+  sell cut-price grain to poor countries in Africa as a way of
+  lessening surplus stocks.
+      Chirac is expected to canvass support for the idea, first
+  proposed by French Agriculture Minister Francois Guillaume,
+  during his two-day visit to Washington.
+      The U.S. official described the idea as a "grain producers'
+  OPEC" -- a reference to the Organization of Petroleum Exporting
+  Countries -- and said it went against the Reagan
+  administration's desire to lessen government intervention in
+  trade.
+  
+
diff --git a/reuters/training/11488 b/reuters/training/11488
new file mode 100644
index 0000000000000000000000000000000000000000..52cef11c645ff92f6f1dcd7f88573872e2945d34
--- /dev/null
+++ b/reuters/training/11488
@@ -0,0 +1,5 @@
+GENCORP SAYS ALTERNATIVE TO HOSTILE TENDER TO BE ANNOUNCED WITHIN A WEEK
+
+  GENCORP SAYS ALTERNATIVE TO HOSTILE TENDER TO BE ANNOUNCED WITHIN A WEEK
+  
+
diff --git a/reuters/training/11490 b/reuters/training/11490
new file mode 100644
index 0000000000000000000000000000000000000000..17abe955a6166b9447ac48b4c57ea9303dc3d2df
--- /dev/null
+++ b/reuters/training/11490
@@ -0,0 +1,83 @@
+CANADA'S AIRLINE PROFITS SEEN HIGHER
+  Canada's airline industry, shaken up by
+  a recent merger that creates a powerful new competitor for
+  government-owned Air Canada, has begun its first serious drive
+  for profitability in 50 years, industry analysts said.
+      "Now we've got a company that can compete with Air Canada,"
+  said Thomas Bradley of Richardson Greenshields of Canada Ltd.
+  "Clearly, it can go head-to-head in any market."
+      The new airline, which arose from the 300-mln-Canadian-dlr
+  takeover of Canadian Pacific Air Lines Ltd by the small but
+  cash-rich Pacific Western Airlines Corp, was launched last week
+  as Canadian Airlines International Ltd.
+      Canadian Airlines will have 35-40 pct of the
+  6-billion-Canadian-dlr domestic market, against Air Canada's
+  50-55 pct. Wardair International Ltd is third with about nine
+  pct.
+      Analysts believe Pacific Western's aggressive and
+  cost-conscious chairman Rhys Eyton will develop the true
+  potential of the former CP Air, which floundered for four
+  decades inside the bureaucracy of conglomerate Canadian Pacific
+  Ltd.
+      They said CP Air's management style had been not much
+  different from that of Air Canada, formed 50 years ago, because
+  neither airline was held accountable to its owners.
+      "Not that long ago, maybe even just six months ago, these
+  two airlines were totally fiscally irresponsible. Neither
+  seemed that concerned about the bottom line," said Bradley.
+      "But with CP Air being run by Eyton, it will be very
+  conscious of profitability and shareholder return. And Air
+  Canada is on the verge of going that way," he said.
+      CP Air, always fighting for market share rather than
+  profits, was "a perennial money-loser," analyst Wilfred Hahn of
+  Bache Securities Inc said in a recent report.
+      Prior to its takeover in December, it had accumulated
+  long-term debt of 600 mln Canadian dlrs. From 1981 to 1985, its
+  losses totaled 87 mln Canadian dlrs.
+      Air Canada, widely expected to be privatized later this
+  year in a public share offering, lost 14.8 mln Canadian dlrs on
+  revenues of 2.72 billion dlrs in 1985. It has a debt of more
+  than 2 billion dlrs.
+      Although only a minority interest is likely to be sold to
+  the public, the prospect of privatization at a time of
+  increased competition is forcing Air Canada to pay more
+  attention to finances, analysts said.
+      It recently disclosed that it expects to report a profit "in
+  excess of 35 mln to 40 mln dlrs" for 1986. However, this profit
+  recovery was due less to management skill than the fact that
+  all Canadian airlines had a good year in 1986, analysts said.
+      Tourists came to Canada in record numbers last year,
+  attracted by the relatively weak Canadian dollar and Expo 86 in
+  Vancouver, which alone had more than 22 mln visitors.
+      For the next few years, most analysts see three-six pct air
+  traffic growth, and they expect profits will come from
+  cost-cutting and careful spending.
+      Peter Friend of Walywn Stodgell Cochran Murray Ltd said
+  institutional buyers will be eager to add Air Canada to their
+  portfolios as a blue-chip investment, but warned that new
+  competition makes profit growth less certain.
+      "The airline with something to lose will be Air Canada. At
+  one time, it had a fixed system which was theirs and nobody
+  else's," Friend said.
+      Many analysts recommend that investors buy and hold airline
+  shares for at least a year.
+      Analysts said Air Canada's immediate concern ahead of a
+  public stock offering will be unloading unprofitable air routes
+  without setting off a political storm.
+      It also will be faced with an expensive but necessary
+  updating of its aging fleet of 111 aircraft.
+      Wardair, preferring strong medicine now instead of later,
+  already has embarked on a one-billion-Canadian-dlr purchase of
+  a dozen aircraft from Europe's Airbus Industrie.
+      Canadian Airlines, which has 81 aircraft, last week ordered
+  six commuter planes from British Aerospace and said it would
+  soon buy as many as six wide-bodied aircraft from Airbus or the
+  Boeing Co.
+      Analysts said Canadian Airlines, with its newer fleet,
+  needs to make fewer replacements and can afford these without
+  hurting profits.
+      Steven Garmaise of Wood Gundy Inc expects Canadian
+  Airlines' profit in 1988 will more than double last year's 29.8
+  mln Canadian dlrs by Pacific Western.
+  
+
diff --git a/reuters/training/11491 b/reuters/training/11491
new file mode 100644
index 0000000000000000000000000000000000000000..8ec761f98109c9993ee25b42228ed593a4b37663
--- /dev/null
+++ b/reuters/training/11491
@@ -0,0 +1,36 @@
+U.S. DISTILLATE, GASOLINE INVENTORIES SEEN LOWER
+  Tonight's American Petroleum Institute
+  weekly inventory report is expected to show moderate drawdowns
+  in distillates and gasoline stocks for the week ended March 27,
+  analysts and traders said.
+      They said they expect gasoline stocks to fall three mln
+  barrels or less and heating oil inventories to drop between 1.3
+  and four mln barrels.
+      Some analysts see crude stocks falling by as much as six
+  mln barrels, while others think they could go up as much as 3.5
+  mln barrels. Crude oil runs are expected to be unchanged from
+  the previous week or slightly higher or lower.
+      For the week ended March 20, the API said gasoline stocks
+  fell 2.7 mln barrels. Mosts analysts expect a modest draw for
+  the week ended March 27. They said stocks could fall between
+  700,000 and three mln barrels. Some said there is also a chance
+  gasoline stocks will be unchanged.
+      API said distillate stocks dropped four mln barrels for the
+  week ended March 20. Analysts and traders generally predict a
+  similar or smaller depletion for last week. They said stock
+  levels could drop 1.3 to four mln barrels.
+      The analysts attribute product stockdraws to seasonal
+  factors but they said crude direction is harder to call.
+      Crude inventories rose 8.5 mln barrels in the week ended
+  March 20, API said. Analysts are looking for build of between
+  3.5 mln barrels to a six mln barrel draw for the week ended
+  March 27.
+      API reported the amount of refinery capacity utilized up
+  three pct for the week ended March 20. Analysts said
+  utilization could have remained unchanged, or rose or fell by
+  less than one pct for the week ended March 27.
+      Moderate product stockdraws would strengthen the market
+  slightly, analysts said. But bullish expectations are already
+  partially reflected in today's gains, they added.
+  
+
diff --git a/reuters/training/11492 b/reuters/training/11492
new file mode 100644
index 0000000000000000000000000000000000000000..357d992740101c160ecf5e2fa284a77e6ec8443e
--- /dev/null
+++ b/reuters/training/11492
@@ -0,0 +1,52 @@
+GENCORP <GY> ALTERNATIVE PLAN DUE WITHIN A WEEK
+  A. William Reynolds, chairman and
+  chief executive of GenCorp Inc, told shareholders he expects to
+  announce a company alternative to a 100-dlr-per-share hostile
+  tender within a week.
+      Last night the company urged shareholders to reject the
+  tender. Reynolds urged shareholders to be patient, saying the
+  group sponsoring the tender offer had months to evaluate
+  GenCorp while "we have had only 10 days to respond."
+      Reynolds also disclosed the company has resolved legal
+  challenges to its planned sale of WOR TV, serving the New York
+  City market, and expects to complete the sale by Friday.
+      Reynolds said the company expects to book an after tax gain
+  of 250 mln dlrs from the sale of WOR TV. The company plans to
+  sell the station to MCA Inc <MCA> for 387 mln dlrs.
+      Reynolds did not specify whether the legal challenges were
+  dropped or dismissed. The Federal Communications Commission has
+  already approved the station's sale.
+      Money from the sale of the station will play a role in
+  helping develop an alternative to the tender offer co-sponsored
+  by AFG Industries Inc <AFG> and Wagner and Brown, Reynolds
+  said. He provided no other details.
+      Randall Hubbard, chairman of AFG, and Joel Reed, chief
+  financial officer of Wagner and Brown, attended the meeting,
+  which was shifted from a tire plant to a downtown hotel. About
+  300 people were present despite an overnight snowstorm.
+      Hubbard and Reed chatted briefly with Reynolds after the
+  meeting but declined to discuss their proposal with reporters.
+      Reynolds told the shareholders friends and family members
+  have been telling him "Bill, just don't pay greenmail" to end
+  the takeover threat. Greenmail describes a buyout of a minority
+  shareholder at a price not available to other holders. Reynolds
+  said he considers it a "repugnant device."
+      Shareholders elected management's slate of 11 directors.
+  Mario Gabelli, head of a New York investment firm which owns a
+  large block of stock, proposed one nominee for the board.
+  Gabelli said the unsuccessful attempt was designed to "stiffen
+  the backbone of the board to discourage greenmail."
+      Hubbard and Reed reiterated previous statements that they
+  are open to negotiations with GenCorp.
+      Asked about severance contracts for key executives in the
+  event of a shift in control of the company, Reynolds asserted
+  "we're developing alternatives that would not result in a
+  change in control."
+      Asked whether the company's plan would be superior to any
+  proposal of AFG and Wagner and Brown, Reynolds commented, "We
+  know the company, we know the values and we know the
+  opportunities better than any outside group."
+      In response to a question about whether any units are up
+  for sale, he said only that GenCorp is evaluating alternatives.
+  
+
diff --git a/reuters/training/11494 b/reuters/training/11494
new file mode 100644
index 0000000000000000000000000000000000000000..f263f4c1d63db58181a15b15878cfef4183f346e
--- /dev/null
+++ b/reuters/training/11494
@@ -0,0 +1,9 @@
+ILLINOIS POWER CO<IPC> TWO MONTHS FEBRUARY NET
+  Shr 65 cts vs 67 cts
+      Net 49,517,000 vs 47,732,000
+      Revs 229.2 mln vs 245.7 mln
+      Avg shrs 65,994,142 vs 63,293,867
+      NOTE: Per-share results reflect payment of preferred
+  dividend requirements
+  
+
diff --git a/reuters/training/11496 b/reuters/training/11496
new file mode 100644
index 0000000000000000000000000000000000000000..5858fa0c5e55d4e6c4bf44af9b0ac98aa189c971
--- /dev/null
+++ b/reuters/training/11496
@@ -0,0 +1,5 @@
+REAGAN RENEWS ANTI-PROTECTIONISM STAND, WHITE HOUSE SAYS TRADE WAR UNLIKELY
+
+  REAGAN RENEWS ANTI-PROTECTIONISM STAND, WHITE HOUSE SAYS TRADE WAR UNLIKELY
+  
+
diff --git a/reuters/training/11497 b/reuters/training/11497
new file mode 100644
index 0000000000000000000000000000000000000000..28f927e71e2e52f9b44d75ce525546c76e5565bd
--- /dev/null
+++ b/reuters/training/11497
@@ -0,0 +1,23 @@
+AVERY <AVRY> SEES QTR, YEAR LOSS
+  Avery Inc said the company will not
+  show a profit in the next quarter and will probably not show a
+  profit in 1987.
+      Speaking at the annual shareholders meeting, chairman
+  Nelson Peltz declined to estimate when the company would become
+  profitable.
+      Peltz said Uniroyal Chemical Co, acquired last year, would
+  increase Avery's operating earnings but that associated
+  acquisition costs would prevent Avery from posting net profits
+  for some time.
+      At the meeting, stockholders approved an increase in the
+  authorized number of common shares to 200 mln from 15 mln.
+      In the fiscal year ended May 30, 1986, Avery reported a
+  loss of 489,000 dlrs. The company has changed its fiscal year
+  to end Sept 30.
+      The increase in common shares would cover, among other
+  things, the exercise of Triangle Industries Inc's <TRI> and
+  Drexel Burnham Lambert Inc's warrants issued in relation to
+  Avery's 710 mln dlr acquisition of Uniroyal Chemical late last
+  year.
+  
+
diff --git a/reuters/training/11498 b/reuters/training/11498
new file mode 100644
index 0000000000000000000000000000000000000000..c0751be073026848a5c1721fa2328347be9fc91e
--- /dev/null
+++ b/reuters/training/11498
@@ -0,0 +1,51 @@
+TRADE WAR FEARS MAY PROMPT STOCK MARKETS' DOWNTURN
+  The threatened trade war between the
+  United States and Japan is just the kind of shock that
+  economists say could send world stock markets into a tailspin.
+      But they are not so sure if that would be a brief
+  corrective dip, or whether this week's falling share prices
+  mark the start of a "bear" market.
+      "It's the billion dollar question," said Richard O'Brien,
+  economist at American Express International Bank in London.
+      Japan's trade surplus -- 92.7 billion dlrs last year -- has
+  poured into share and bond markets around the world, and funded
+  a good chunk of the huge U.S. Budget deficit. Around a third of
+  any new sale of U.S. Treasury bonds has been bought by the
+  Japanese. However, Japanese investors have lost money as the
+  dollar falls and will lose more if the United States lets it
+  fall further to cut the trade deficit. The counterpart of
+  improving the trade deficit either through a lower dollar or
+  because the U.S. Increases duties on Japanese electronic goods,
+  may be to hit the capital inflow which has financed the budget
+  deficit.
+     And if the U.S. Trade deficit does fall, the Japanese will
+  have less money to invest. To entice U.S. Investors to fill the
+  gap that would be left if the Japanese stopped buying U.S.
+  Bonds, interest rates would have to soar, O'Brien said. The
+  subsequent shift from shares to bonds could cause major falls
+  on the world stock markets.
+      "A year ago, we could be pretty confident about the markets,"
+  said O'Brien. "Now, it is much less certain."
+      Buoyant share prices are supposed to reflect a booming
+  economy. But the world economy, with sluggish growth at best in
+  the industrial nations, a massive load of Third World debt and
+  huge trade imbalances is not in good shape, said O'Brien.
+      Nevertheless, New York analyst William Raferty, of Smith
+  Barney Harris Upham said  "We're still in a bull market," adding
+  that corrections are a normal part of a rising market and "The
+  bear usually strikes slowly."
+      Economist Evelyn Brody, at Morgan Grenfell and Co in
+  London, said the huge sums of money going through the world
+  financial system will keep a floor under share and bond prices.
+      Although interest by the Japanese in putting their money in
+  non-dollar denominated bonds and stocks has increased it's very
+  difficult to see where else they can put their money than in
+  U.S. Dollars and especially the U.S. Treasury (bond) market,
+  according to David Butcher, a senior executive at Yamaichi
+  Securities Co Ltd's bond operation in London.
+      He said the Japanese are paying much closer attention now
+  to the French franc and West German mark.
+      In the longer run, he worries about what trade tensions and
+  the dollar's slide will mean for securities markets.
+  
+
diff --git a/reuters/training/11499 b/reuters/training/11499
new file mode 100644
index 0000000000000000000000000000000000000000..e97d963447d6f8c246eaaabff25995271d96d79c
--- /dev/null
+++ b/reuters/training/11499
@@ -0,0 +1,10 @@
+BIG BEAR INC <BGBR> 2ND QTR FEB 28 NET
+  Shr 46 cts vs 31 cts
+      Net 3,608,000 vs 2,448,000
+      Revs 223.5 mln vs 218.2 mln
+      Six mths
+      Shr 87 cts vs 64 cts
+      Net 6,788,000 vs 4,992,000
+      Revs 441.5 mln vs 439.5 mln
+  
+
diff --git a/reuters/training/11500 b/reuters/training/11500
new file mode 100644
index 0000000000000000000000000000000000000000..8e41d8092eed7fc64ae8b22a587df554c3262415
--- /dev/null
+++ b/reuters/training/11500
@@ -0,0 +1,6 @@
+NORTHVIEW CORP <NOVC> YEAR NET
+  Shr 30 cts vs 51 cts
+      Net 966,000 vs 1,470,000
+      Revs 39.8 mln vs 41.3 mln
+  
+
diff --git a/reuters/training/11501 b/reuters/training/11501
new file mode 100644
index 0000000000000000000000000000000000000000..cbdae4005f824b57e16f3c0b0b3d95cfd21b6c15
--- /dev/null
+++ b/reuters/training/11501
@@ -0,0 +1,5 @@
+PENNZOIL SEES LOWER 1ST QTR NET BEFORE UNUSUAL ITEM AGAINST YEAR AGO LOSS 49 CTS
+
+  PENNZOIL SEES LOWER 1ST QTR NET BEFORE UNUSUAL ITEM AGAINST YEAR AGO LOSS 49 CTS
+  
+
diff --git a/reuters/training/11503 b/reuters/training/11503
new file mode 100644
index 0000000000000000000000000000000000000000..41618dfe7da370162d4039e4e476455a5e8881c2
--- /dev/null
+++ b/reuters/training/11503
@@ -0,0 +1,7 @@
+SCEPTRE RESOURCES LTD <SRL> YEAR NET
+  Shr seven cts vs two cts
+      Net 5,500,000 vs 4,300,000
+      Revs 69.1 mln vs 115.3 mln
+      Note: Shr after preferred divs.
+  
+
diff --git a/reuters/training/11504 b/reuters/training/11504
new file mode 100644
index 0000000000000000000000000000000000000000..72452a06ad149f94fb6fee4de7ac2f4768b4af60
--- /dev/null
+++ b/reuters/training/11504
@@ -0,0 +1,92 @@
+TALKING POINT/BORG-WARNER CORP <BOR>
+  Borg-Warner Corp will vigorously
+  resist GAF Corp's 46-dlr-per-share takeover offer, but the
+  Midwest conglomerate may fall prey to another offer,
+  either from GAF or its own management, analysts believe.
+      Analysts also said Borg-Warner may attempt to escape GAF
+  through a restructuring. The speculation pushed Borg-Warner's
+  stock up 1-3/8 to 48-1/2 in heavy trading.
+      Analysts predicted feisty GAF Chairman Samuel Heyman will
+  stage a tough campaign to gain control of Borg-Warner so he can
+  add its profitable plastics and chemical business to GAF.
+      "It seems from at least their dealing with (raider Irwin)
+  Jacobs that they don't want to be taken over. The question is
+  now do they acquiesce to GAF. I think instinctively, they want
+  to remain independent," said Dudley Heer of Duff and Phelps.
+      Borg-Warner has been under siege by takeover speculation
+  for almost a year. Last week, Jacobs' investment vehicle,
+  Minstar Inc, and an investor group sold its 10.1 mln
+  Borg-Warner shares. The same day, GAF Corp raised its stake by
+  9.1 mln shares to 19.9 pct of the outstanding.
+      Jacobs was interested in buying the company, but took no
+  steps toward a transaction.
+      "Their (Borg-Warner) policy has been to stonewall them for
+  the last nine months. It's been one of the dullest corporate
+  battles I've seen," said one analyst.
+      The battle, however, has heated up, and the range of
+  breakup values on Wall Street span from the current market
+  price to almost 60 dlrs per share. Most analysts said they
+  think a price in the low 50s would be appropriate.
+      Arbitragers speculate that GAF will not give up easily on
+  its 3.16 billion dlr offer to buy the balance of Borg-Warner.
+      Analysts who know GAF predict Heyman will either end up
+  with Borg-Warner or enrich his chemicals and building materials
+  company in some other way. Heyman two years ago attempted an
+  unsuccessful takeover of Union Carbide Corp, but GAF benefited
+  from that company's restructuring.
+      "Borg Warner can't quibble that it's not a legitimate
+  offer. It seems to me the short of it is Borg Warner is kind of
+  between a rock and a hard place. They either have to accept a
+  46 dlr proposal or perhaps work a deal where it's sweetened. I
+  personally think the company is (worth) around 55 dlrs per
+  share," said Pershing analyst Richard Henderson.
+      Henderson also speculated the company might attempt a
+  restructuring such as the one carried out by Goodyear Tire and
+  Rubber Co last year when it was being courted by Sir James
+  Goldsmith. The company bought back the financier's stock and
+  carried out a wider share repurchase.
+      Arbitragers, however, said they do not believe Heyman is
+  seeking "greenmail," or the repurchase of his stock by the
+  company at a premium.
+      Analysts noted that Heyman seems to have no problems with
+  financing the transaction.
+      Previously associated with "junk bond" experts, Drexel
+  Burnham Lambert Inc, GAf said it would finance its Borg-Warner
+  takeover with bank financing. GAF said it would make a tender
+  offer following a merger agreement approved by the Borg-WArner
+  board and conditioned on the board's recommendation of the
+  tender offer and merger.
+      Heyman said in a letter to Borg-Warner that he expects a
+  merger would provide job security for Borg-Warner employees
+  since the two companies businesses overlap. Analysts, however,
+  believe Heyman would sell off assets he did not want to repay
+  debt from the transaction.
+      GAF's stock rose 1-5/8 today, to 48-5/8.
+     "I believe, obviously, if GAF takes over Borg-Warner at the
+  level it is proposing it would enhance GAF share values
+  substantially," said Oppenheimer analyst Charles Rose.
+      He said at 46 dlrs per share, Heyman's average cost for the
+  company's stock would be 44 dlrs per share based on GAF's
+  current holdings.
+      Rose said the Borg-Warner plastics and chemical business,
+  which makes thermo-plastics is the asset attracting Heyman.
+  Analysts said it accounts for a third of Borg's earnings.
+      The plastics are used in telephone equipment, office
+  equipment and appliances. "Borg has half the market in the U.S.
+  and is the leading technical player and the leading innovator,"
+  Rose said. Its competitors are Dow Chemical Co <DOW> and
+  Monsanto Corp <MTC>, he said.
+      Borg-Warner also has an automotive parts business, and a
+  protective systems business, which includes Wells Fargo
+  security guards. It also has an information services business,
+  and is trying to sell its financial services business.
+      Borg-Warner earned 206.1 mln dlrs or 2.35 dlrs per share on
+  revenues of 3.62 billion dlrs in 1986. Smaller GAF, in 1986,
+  earned on an operating basis 80.7 mln dlrs or 2.22 dlrs per
+  share on sales of 753.8 mln dlrs.
+      GAF's net earnings included an after tax gain of 201.4 mln
+  from its participation in a Union Carbide exchange offer, a
+  special union carbide dividend, and the sale of its Union
+  Carbide shares.
+  
+
diff --git a/reuters/training/11505 b/reuters/training/11505
new file mode 100644
index 0000000000000000000000000000000000000000..f1d30f77d10a0752db287b017815819049e8a603
--- /dev/null
+++ b/reuters/training/11505
@@ -0,0 +1,20 @@
+MANHATTAN NAT'L <MLC> HOLDERS VOTE STOCK SALE
+  Manhattan National Corp said its
+  shareholders overwhelmingly approved a proprosal through which
+  <Union Central Life Insurance Co> took control of the company
+  by acquiring about 3.6 mln shares of newly issued Manhattan
+  National common stock for 43.2 mln dlrs.
+      The company said the transaction gives Union Central, a
+  Cincinnati-based mutual insurance company, a total of 8,804,397
+  shares of Manhattan National stock, or 52.2 pct of the total
+  outstanding.
+      Manhattan National said about three mln dlrs of the
+  invested funds will be used to repay short-term debt and two
+  mln dlrs has been earmarked for other short-term needs.
+      The remainder will be available for the company's insurance
+  units, or for other business purposes, it said.
+      Charles C. Hinkley, president and chief executive officer
+  of Union Central, is expected to be named chairman, president
+  and chief executive of Manhattan National, the company said.
+  
+
diff --git a/reuters/training/11506 b/reuters/training/11506
new file mode 100644
index 0000000000000000000000000000000000000000..bec46930abba2954f4539e2b523d648c457ecb0e
--- /dev/null
+++ b/reuters/training/11506
@@ -0,0 +1,10 @@
+PENNZOIL <PZL> SEES LOWER FIRST QTR
+  Pennzoil Co Chairman J. Hugh Liedtke
+  told a meeting of analysts that the company expects its first
+  quarter net to be down considerably, before an unusual item,
+  from the loss of 49 cts a share reported a year ago.
+      Liedtke did not say how large the unusual item would be.
+  "We're still closing our books on the first quarter, so I don't
+  have final numbers for you," he said.
+  
+
diff --git a/reuters/training/11507 b/reuters/training/11507
new file mode 100644
index 0000000000000000000000000000000000000000..96c9c74dd51826013d95b419e41ea05ff2fa51ac
--- /dev/null
+++ b/reuters/training/11507
@@ -0,0 +1,15 @@
+U.S. WEATHER/COTTON SUMMARY -- USDA/NOAA
+  Cotton planting began in California
+  and was expected to proceed rapidly in the week ended March 28,
+  the Joint Agriculture Weather Facility of the U.S. Agriculture
+  and Commerce Departments said.
+      In a summary of its Weather and Crops Bulletin, the agency
+  said winds and low soil temperature retarded growth and
+  hampered seeding in Arizona.
+      Planting moved into Mohave and Pinal Counties.
+      Cotton planting progressed well in the Lower Valley,
+  Coastal Bend and along the Upper Coast of Texas.
+      However, bad weather continued hampering cotton seedbed
+  preparations in Oklahoma.
+  
+
diff --git a/reuters/training/11508 b/reuters/training/11508
new file mode 100644
index 0000000000000000000000000000000000000000..ac103a9a5cbe0b7a24f0d8ca4d2f42427ce328b5
--- /dev/null
+++ b/reuters/training/11508
@@ -0,0 +1,14 @@
+QUANTUM VENTURE UPS COMPUTER NETWORK<CMNT> STAKE
+  Computer Network Technology Corp
+  (CNT) said that <Quantum Venture Partners LP>, a private
+  investment limited partnership, has acquired an additional
+  600,000 shares of CNT common stock, raising its stake in CNT to
+  15.3 pct from 9.6 pct of the currently outstanding shares.
+      CNT said Quantum bought the shares by exercising 1.5 mln
+  dlrs in warrants, bringing its total investment in CNT to 2.5
+  mln dlrs.
+      CNT also said <Sand Technology Systems Inc> of Canada
+  bought two of its CHANNELink networking units for a data
+  processing service for major health care facilities in Canada.
+  
+
diff --git a/reuters/training/1151 b/reuters/training/1151
new file mode 100644
index 0000000000000000000000000000000000000000..0d222224a914329fa6de1fc58e646715b4dd8750
--- /dev/null
+++ b/reuters/training/1151
@@ -0,0 +1,6 @@
+JAPAN BUYS 5,000 TONNES CANADIAN RAPESEED
+  Japan bought 5,000 tonnes of Canadian
+  rapeseed overnight at an undisclosed price for April shipment,
+  trade sources said.
+  
+
diff --git a/reuters/training/11510 b/reuters/training/11510
new file mode 100644
index 0000000000000000000000000000000000000000..67675235f8a69051fd2dda20ea0bdf5600863bd6
--- /dev/null
+++ b/reuters/training/11510
@@ -0,0 +1,10 @@
+ELCOR <ELK> UPS QTLY DIV, SETS STOCK SPLIT
+  Elcor Corp said it raised its
+  quarterly common stock dividend to 11 cts a share from nine cts
+  and declared a two-for-one common stock split.
+      The company said the increased dividend will be paid on May
+  13 to shareholders of record April 16.
+      The stock split, Elcor said, will paid in the form of a 100
+  pct stock dividend on May 28 to shareholders of record may 14.
+  
+
diff --git a/reuters/training/11514 b/reuters/training/11514
new file mode 100644
index 0000000000000000000000000000000000000000..3ccc08d812918c6070c5e32d3fa15b8ac6f3b457
--- /dev/null
+++ b/reuters/training/11514
@@ -0,0 +1,14 @@
+QUEST <QBIO> SIGNS PACT WITH ALZA <AZA>
+  Quest Biotechnology Inc said its Quest
+  Blood Substitute Inc subsidiary executed an agreement with Alza
+  Corp <AZA> which will make Alza a preferred shareholder of its
+  subsidiary.
+      Quest said the agreement also offers Alza the right to
+  acquire up to 25 pct of the unit's equity in exchange for the
+  acquisition of patent rights to Alza technology in an area
+  where Quest has an interest.
+      Quest also said its signed a merger agreement with <Hunt
+  Research Corp> and its affiliate <ICAS Corp>. Quest said it
+  expects to complete the merger within the next several weeks.
+  
+
diff --git a/reuters/training/11515 b/reuters/training/11515
new file mode 100644
index 0000000000000000000000000000000000000000..d6c51cc34e7b667d6ba6e889df567d490e57d528
--- /dev/null
+++ b/reuters/training/11515
@@ -0,0 +1,10 @@
+CHUBB <CB> COMPLETES SOVEREIGN <SOVR> BUYOUT
+  Chubb Corp said it completed the
+  previously announced acquisition of Sovereign Corp.
+      Under terms of the acquisition, Sovereign shareholders will
+  receive, in a tax-free exchange, 0.1365 share of Chubb common
+  for each Sovereign share held.
+      Chubb said the transaction was valued at 9.11 dlrs a share
+  based on the closing price of its stock on March 30.
+  
+
diff --git a/reuters/training/11519 b/reuters/training/11519
new file mode 100644
index 0000000000000000000000000000000000000000..8643bc767a9eef213e3ed6746b4057c423165764
--- /dev/null
+++ b/reuters/training/11519
@@ -0,0 +1,17 @@
+USDA'S AMSTUTZ "SYMPATHETIC" TO WOOD CREDITS
+  U.S. Agriculture Undersecretary
+  Daniel Amstutz said he was "totally sympathetic" with U.S. wood
+  producers' desire to have their exports eligible for government
+  credit guarantees.
+      But he told the Senate Appropriations Agriculture
+  subcommittee that including wood products in the department's
+  short- or intermediate-term export guarantee programs would
+  conflict with U.S. multilateral trade obligations.
+      Currently, U.S. wood products are not eligible for
+  government export credit guarantee because they are considered
+  "manufactured products," Amstutz said.
+      He said USDA had devoted an "enormous amount" of time to
+  considering making wood products eligible for the guarantees
+  and that Congress was considering a measure to do so.
+  
+
diff --git a/reuters/training/1152 b/reuters/training/1152
new file mode 100644
index 0000000000000000000000000000000000000000..5b04feac3e8a4a4f0144cfcfe9cba8fcfb4f9974
--- /dev/null
+++ b/reuters/training/1152
@@ -0,0 +1,30 @@
+ROYAL BANK/CANADA SEES HIGHER 1987 LOAN LOSSES
+  <Royal Bank of Canada> said it
+  estimates 1987 loan losses at one billion dlrs, a 25 mln dlr
+  increase over last year.
+      Royal Bank said it set its provisions "given the continued
+  debt-servicing problems ... in the North American energy
+  industry and the uncertain outlook for energy prices," and also
+  continued to add to its general provisions for loans to
+  troubled borrower countries.
+      The bank's loan loss provision for the first quarter ended
+  January 31 rose to 223 mln dlrs from 187 mln dlrs in the
+  year-ago quarter.
+      The bank said non-accrual loans, net of provisions for loan
+  losses, totalled 2.2 billion dlrs on January 31, up from 2.0
+  billion dlrs a year ago.
+      In reporting lower first quarter earnings, chairman Allan
+  Taylor said problems with credit quality--particularly in loans
+  associated with the energy sector--continue to have a
+  substantial adverse effect on the bank's earnings.
+      Taylor said profitability of the bank's international
+  operations remains weak, reflecting resource-related
+  difficulties of private and public sector borrowers and
+  unsatisfactory results from capital market activities.
+      Taylor said it would be premature to speculate on the
+  outcome of debt resturcturing negotiations with Brazil or their
+  potential impact on the Royal Bank.
+      The bank earlier reported first quarter profit fell to
+  114.1 mln dlrs from 140.4 mln dlrs a year ago.
+  
+
diff --git a/reuters/training/11522 b/reuters/training/11522
new file mode 100644
index 0000000000000000000000000000000000000000..b35400806dc2ccc0a0ba81ead2960d83b03e21fd
--- /dev/null
+++ b/reuters/training/11522
@@ -0,0 +1,19 @@
+INVERNESS BUYS ASSETS FROM PARENT SILVERTON
+  <Inverness Petroleum Ltd> said
+  it acquired the oil and gas assets of its controlling
+  shareholder <Silverton Resources Ltd> for 26.4 mln dlrs,
+  effective March 3, 1987.
+      Inverness said it issued 2,640,000 class A convertible
+  retractable redeemable preferred shares in exchange for the
+  assets, which include all Silverton's oil and gas properties,
+  undeveloped acreage and its shares of Australian subsidiary
+  S.R.L. Exploration Pty Ltd.
+      The preferred shares were immediately retracted for cash,
+  the company said.
+      The transaction resulted in a discharge of Silverton's bank
+  debt of 21.0 mln dlrs and a three mln dlr loan to Inverness
+  from Silverton, Inverness said.
+      As a result of the acquisition, Inverness has bank debt of
+  18.0 mln dlrs, it said.
+  
+
diff --git a/reuters/training/11523 b/reuters/training/11523
new file mode 100644
index 0000000000000000000000000000000000000000..12f080aa665beba860bcbcdd18de71439f2e59d2
--- /dev/null
+++ b/reuters/training/11523
@@ -0,0 +1,12 @@
+BRISTOL-MYERS TRUST <BYU> EXTENDS EXPIRATION
+  <Americus Shareowner Service Corp>
+  said the Americus Trust for Bristol-Myers will continue to
+  accept tendered Bristol-Meyers Co <BMY> shares until December
+  one, extending the original expiration date of April one for
+  eight months.
+      If the common stock price exceeds the trust's termination
+  price of 110 dlrs, Americus Shareowner Service said, the trust
+  will be temporarily closed until the price of the underlying
+  stock falls below the termination price.
+  
+
diff --git a/reuters/training/11526 b/reuters/training/11526
new file mode 100644
index 0000000000000000000000000000000000000000..16280cb8bd27e4b16b3c725ace11a2c4f1a9429c
--- /dev/null
+++ b/reuters/training/11526
@@ -0,0 +1,14 @@
+QUEST BIOTECHNOLOGY <QBIO> UNIT IN MERGER PACT
+  Quest Biotechnology Inc said its new
+  subsidiary, Quest Blood Substitute Inc, signed the agreement
+  and plan of merger with Hunt Research Corp and its affiliate,
+  ICAS Corp.
+      It said Quest Blood expects to complete the merger within
+  the next several weeks. Terms were not disclosed.
+      In a related transaction, Quest Blood said it executed an
+  agreement with Alza Corp, which will make Alza a preferred
+  shareholder of Quest Blood and offer Alza the right to acquire
+  a total equity position of up to 25 pct of Quest Blood in
+  exchange for acquisition of patent rights to Alza technology.
+  
+
diff --git a/reuters/training/11527 b/reuters/training/11527
new file mode 100644
index 0000000000000000000000000000000000000000..76f602be28746b197cd7c6f7f653725da930ef41
--- /dev/null
+++ b/reuters/training/11527
@@ -0,0 +1,9 @@
+LINCOLN FOODSERVICE <LINN> COMPLETES PURCHASE
+  Lincoln Foodservice Products
+  Inc said it completed purchasing certain assets of Redco
+  product line of food slicers, cutters and wedgers from the
+  Dean/Alco Food Prep division of <Alco Foodservice Equipment
+  Co.>
+      Terms were not disclosed.
+  
+
diff --git a/reuters/training/11528 b/reuters/training/11528
new file mode 100644
index 0000000000000000000000000000000000000000..fe647cd2db03a9cbcc44fc22efc41adb9cd6535b
--- /dev/null
+++ b/reuters/training/11528
@@ -0,0 +1,9 @@
+I.R.E. FINANCIAL CORP <IF> YEAR
+  Shr 94 cts vs 77 cts
+      Net 2.1 mln vs 1.7 mln
+      Revs 7.8 mln vs 8.8 mln
+      NOTE:Per share data reflects elimination of 500,000 shares
+  owned by 50 pct owned subsidiary and reflect one-for-three
+  reverse stock split effective march 5, 1986.
+  
+
diff --git a/reuters/training/11529 b/reuters/training/11529
new file mode 100644
index 0000000000000000000000000000000000000000..263064164198a37ba9d3dda6e4c78ede0a65ca6c
--- /dev/null
+++ b/reuters/training/11529
@@ -0,0 +1,8 @@
+ENERGY VENTURES CINC <ENGY> 4TH QTR NET
+  Net profit 510,000 vs loss 5,700,000
+      Revs 875,000 vs 4,100,000
+      Year
+      Net profit 871,000 vs loss 4,100,000
+      Revs 4,700,000 vs 14.1 mln
+  
+
diff --git a/reuters/training/1153 b/reuters/training/1153
new file mode 100644
index 0000000000000000000000000000000000000000..883459d735153158b84a47757a2fbd3ec0b7ca42
--- /dev/null
+++ b/reuters/training/1153
@@ -0,0 +1,36 @@
+PANTERA <PANT> AND PIZZA <PZA> AGREE TO MERGE
+  Pantera's Corp said it agreed in
+  principle to acquire Pizza Inn Inc in a cash and stock
+  transaction.
+      Under terms of the proposed transaction, each Pizza Inn
+  share can be exchanged for either three dlrs in cash plus the
+  lesser of 1.4 shares of Pantera's common stock or 11.50 dlrs
+  market value of Pantera's stock, or four dlrs in cash plus a
+  unit consisting of one share of Pantera's stock and a
+  non-transferrable right to receive up to 0.55 share of
+  Pantera's stock under certain conditions, it said.
+      Completion of the transaction is subject to arrangement of
+  financing, negotiation of a definitive agreement, and various
+  regulatory approvals, it said.
+      Pantera's said Pizza Inn's largest shareholder, F.J.
+  Spillman, previously granted Pantera's an option to buy more
+  than one mln shares of Pizza Inn common stock owned by him.
+      Pantera's also said it retained Drexel Burnham Lambert Inc
+  to act as its financial advisor in connection with the merger.
+  Pizza Inn has retained Dean Witter Reynolds Inc to act as its
+  financial advisor, Pantera's said.
+      Yesterday, Pantera's stock closed at 9.50 dlrs on NASDAQ,
+  while Pizza Inn's stock was quoted at 12 dlrs when the Amex
+  halted trading pending the announcement of the proposed merger.
+      From its Dallas headquarters, Pizza Inn said completion of
+  the transaction is subject to certain conditions including that
+  the price of Pantera's stock average not less than seven dlrs
+  during the 20 trading days before the merger.
+      Under the agreement, Pizza Inn said it will still be
+  permitted to complete a leveraged buyout agreement with Pizza
+  Inn Acquiring Corp, which has been approved by its
+  shareholders, but is subject to otaining financing.
+     
+   More
+  
+
diff --git a/reuters/training/11536 b/reuters/training/11536
new file mode 100644
index 0000000000000000000000000000000000000000..f8dcf2bd4949497e82a88ec3afe5d18dfad949ee
--- /dev/null
+++ b/reuters/training/11536
@@ -0,0 +1,21 @@
+CHINA CROP WEATHER SUMMARY -- USDA/NOAA
+  Moderate to heavy rain continued
+  over early double-crop rice areas in eastern Guangxi,
+  Guanghdong, eastern Hunan, Jiangxi, Fujian, and Zhejiang in the
+  week ended March 28, the Joint Agricultural Weather Facility of
+  the U.S. Agriculture and Commerce Departments said.
+      In its International Weather and Crop summary, the agency
+  said The moisture lessened the need for irrigation. Moisture
+  for early rice planting is adequate to abundant in most areas,
+  and inundative rain in Guangdong and southern Jiangxi may have
+  washed out some rice fields requiring replanting.
+       Light showers in southern Sichuan increased topsoil
+  moisture for corn planting, which likely is off to a slow start
+  due to earlier dryness, it said.
+      In the North China Plain, dry weather covered winter wheat
+  in the vegetative stage, and rain is needed to meet increasing
+  crop moisture requirements, it said.
+      Weekly temperatures in the North China Plain were near
+  normal, the agency noted.
+  
+
diff --git a/reuters/training/11539 b/reuters/training/11539
new file mode 100644
index 0000000000000000000000000000000000000000..13413ac5d246f52d8ec90a545e295ff910487c0e
--- /dev/null
+++ b/reuters/training/11539
@@ -0,0 +1,20 @@
+WILSON BROTHERS COMPLETES SALE
+  Wilson Brothers said it completed
+  the sale of most of the assets of its Enro Shirt Co Inc,
+  Enro-At-Ease Inc and Foxcroft Shirt Ltd subsidiaries to Enro
+  Acquisition Corp for about 24.2 mln dlrs, half in cash and half
+  in subordinated promissory notes.
+      Enro Acquisition is a newly formed corporation and owns
+  Ramar Intercapital Corp and Wilson's chief operating officer,
+  V. Jerome Kaplan, and other managers.
+      Enro Acquisition also assumed most of the units'
+  liabilities including a 6.2 mln dlrs term loan.
+      Completion of the sale and recent sales of substantially
+  all the assets of the company's 50 pct owned affiliate GMW
+  Industries INc, are expected to result in a net gain of about
+  nine mln dlrs in the first quarter of 1987.
+      For the year ago first quarter, Wilson reported net income
+  of 28,000 dlrs, including a 103,000 dlrs credit, on sales of
+  15.8 mln dlrs.
+  
+
diff --git a/reuters/training/1154 b/reuters/training/1154
new file mode 100644
index 0000000000000000000000000000000000000000..c19744afb349bed4dcc93df6a16368715718390e
--- /dev/null
+++ b/reuters/training/1154
@@ -0,0 +1,11 @@
+SWISS MONEY MARKET PAPER YIELDS 3.286 PCT
+  The Swiss Federal Government's new series
+  of six-month money market certificates raised 177.5 mln Swiss
+  francs at an issue price of 98.401 pct to give an average
+  annual yield of 3.286 pct, the National Bank said.
+      Payment date is March 5.
+      The last series of six-month paper issued in January raised
+  159.6 mln francs at 98.392 pct to give an average yield of
+  3.251 pct.
+  
+
diff --git a/reuters/training/11540 b/reuters/training/11540
new file mode 100644
index 0000000000000000000000000000000000000000..830522a043af1ed7fd5f3d16326d506cd44260e2
--- /dev/null
+++ b/reuters/training/11540
@@ -0,0 +1,12 @@
+ELSINORE CORP <ELX> YEAR LOSS
+  Shr loss 4.05 dlrs vs loss 2.47 dlrs
+      Net loss 39,598,000 vs loss 24,152,000
+      Revs 96.0 mln vs 87.9 mln
+      Note: Current year figures include 7.2 mln dlr provision
+  for anticipated loss on note receivable, 25.4 mln dlr writedown
+  on asset carrying value and 8.5 mln dlr provision for future
+  operating losses at Elsinore Shore Associates.
+      Prior year figures include 10.5 mln dlr provision for
+  future losses at Elsinore Shore Associates.
+  
+
diff --git a/reuters/training/11541 b/reuters/training/11541
new file mode 100644
index 0000000000000000000000000000000000000000..19754c9d47c60ff93eeb7200dc632b38fddf270c
--- /dev/null
+++ b/reuters/training/11541
@@ -0,0 +1,23 @@
+EC MINISTER SEES OILS TAX STILL IN NEGOTIATION
+  The outcome of negotiations on
+  proposals by the European Commission for a 330 Ecus a tonne tax
+  on EC-produced and imported oilseeds and marine oils remains
+  difficult to predict, Belgian agriculture minister Paul de
+  Keersmaeker told a news conference.
+      De Keersmaeker, who chaired a meeting of EC farm ministers
+  which ended today, was asked about reports enough countries
+  were against the tax to ensure that it would be defeated in
+  negotiations on the EC farm price package for 1987/88.
+      He said it was true some countries were strongly opposed,
+  but others were less so and others basically in favour.
+      "I think there is room for negotiations, and I would not
+  want to make any predictions at this stage," de Keersmaeker
+  said.
+      Yesterday, British minister Michael Jopling said Britain,
+  West Germany, Portugal, the Netherlands and Denmark were
+  opposed to the measure. Between them these countries have more
+  than enough voting power to block it.
+      Diplomatic sources said at today's meeting the Spanish
+  delegation also expressed strong reservations about the idea.
+  
+
diff --git a/reuters/training/11543 b/reuters/training/11543
new file mode 100644
index 0000000000000000000000000000000000000000..53f9c39272a01c61d0740c4926cbf8d7318bcf91
--- /dev/null
+++ b/reuters/training/11543
@@ -0,0 +1,16 @@
+GRUNTAL FINANCIAL <GRU> 2ND QTR FEB 27 NET
+  Shr primary 33 cts vs 33 cts
+      Shr diluted 27 cts vs 32 cts
+      Net 3,669,000 vs 3,556,000
+      Revs 58.2 mln vs 56.6 mln
+      Avg shrs primary 11.2 mln vs 11.1 mln
+      Avg shrs diluted 15.1 mln vs 11.1 mln
+      Six mths
+      Shr primary 43 cts vs 46 cts
+      Shr diluted 37 cts vs 45 cts
+      Net 4,711,000 vs 4,879,000
+      Revs 101.9 mln vs 95.7 mln
+      Avg shrs primary 11.2 mln vs 10.9 mln
+      Avg shrs diluted 15.1 mln vs 10.9 mln
+  
+
diff --git a/reuters/training/11544 b/reuters/training/11544
new file mode 100644
index 0000000000000000000000000000000000000000..5243b481f8c153dcf5727ff74f834fa07ba4e8d7
--- /dev/null
+++ b/reuters/training/11544
@@ -0,0 +1,13 @@
+EC MINISTERS EXTEND BEEF, MILK MARKETING YEARS
+  European Community agriculture
+  ministers agreed to extend the 1986/87 milk and beef marketing
+  years to the end of May, Belgian minister Paul de Keersmaeker
+  told a news conference.
+      He said the reason for the two-month extension of the only
+  EC farm product marketing years which end during the spring
+  months was that it would be impossible for ministers formally
+  to agree 1987/88 farm price arrangements before May 12.
+      This is when the European Parliament is due to deliver its
+  opinion on price proposals from the EC Commission.
+  
+
diff --git a/reuters/training/11545 b/reuters/training/11545
new file mode 100644
index 0000000000000000000000000000000000000000..f1a6076b8b18d8ee3f27a44feae6210f5a5549d6
--- /dev/null
+++ b/reuters/training/11545
@@ -0,0 +1,35 @@
+WHITE HOUSE DISCOUNTS THREAT OF TRADE WAR
+  President Reagan has reaffirmed his
+  opposition to protectionism and his chief spokesman said trade
+  sanctions imposed on Japan were unlikely to start a trade war.
+      "We don't want to go down that road," Reagan was quoted as
+  telling Prime Minister Jacques Chirac after the visiting French
+  official expressed concern about the rising tide of
+  protectionist sentiment in the United States.
+      Later, White House spokesman Marlin Fitzwater defended the
+  new sanctions against Japan and said administration officials
+  "do not believe this will result in a trade war."
+      "It is the first time that the United States has taken an
+  action of this type and it is significant but it is nothing to
+  be alarmed about," the presidential spokesman added.
+      "We do not want protectionism ... We do not want a trade
+  war," he said.
+      Fitzwater said the president was forced to act in the
+  Japanese microchip case because Tokyo had failed to fulfill "an
+  agreement to make some corrections."
+      Noting that there are "enormous pressures in the Congress
+  and the land" for the United States to take a tough stand, he
+  said, "This was a case where we felt we simply had to act."
+      Fitzwater said the decision to impose sanctions was "well
+  considered by this administration and not taken lightly."
+      While the White House official held open the possibility
+  that Washington and Tokyo will settle their trade dispute, he
+  indicated a settlement probably would not come in time to head
+  off the sanctions.
+      "We are always open to negotations ... Whether it (a
+  settlement) could occur in time to prevent this (the sanctions)
+  from going into effect is questionable at this point," the
+  spokesman said.
+      The sanctions take effect in mid-April.
+  
+
diff --git a/reuters/training/11546 b/reuters/training/11546
new file mode 100644
index 0000000000000000000000000000000000000000..0042e57e7d1712d1eb280122ca36e62aefa27162
--- /dev/null
+++ b/reuters/training/11546
@@ -0,0 +1,12 @@
+WHITE HOUSE WELCOMES RISE IN INDICATORS
+  The White House welcomed last
+  month's 0.7 pct increase in the Index of Leading Economic
+  Indicators, the government's key barometer of future economic
+  growth.
+      The increase reversed a decline in January of 0.5 pct.
+      Presidential spokesman Marlin Fitzwater said the new
+  figures signalling more economic growth in coming months showed
+  that the index was "back on track" after its downturn at the
+  first of the year.
+  
+
diff --git a/reuters/training/11549 b/reuters/training/11549
new file mode 100644
index 0000000000000000000000000000000000000000..0d05110017229490b601bf9ca5dfb1e7b96be567
--- /dev/null
+++ b/reuters/training/11549
@@ -0,0 +1,8 @@
+CENTURI INC <CENT> YEAR NET
+  Oper shr 13 cts vs six cts
+      Oper net 2,124,013 vs 909,158
+      Revs 168.6 mln vs 157.6 mln
+      NOTE: 1986 and 1985 years exclude loss discontinued
+  operations 6,974,554 dlrs, and 268,000 dlrs, respectively.
+  
+
diff --git a/reuters/training/11550 b/reuters/training/11550
new file mode 100644
index 0000000000000000000000000000000000000000..be7085b275a0f6344507c4265e3bf5807794a635
--- /dev/null
+++ b/reuters/training/11550
@@ -0,0 +1,8 @@
+STANDEX INTERNATIONAL <SXI> BUYS BRITISH FIRM
+  Standex International Corp said it
+  acquired <Alan Duffy Engineering Ltd> of Blackburn, Lancashire,
+  England, for an undisclosed amount of cash.
+      The newly-acquired company will operate as part of
+  Standex's Perkins division, the company said.
+  
+
diff --git a/reuters/training/11551 b/reuters/training/11551
new file mode 100644
index 0000000000000000000000000000000000000000..0cbfe4ee8fd8ff5b7c9effe9c4374f36f78f70f2
--- /dev/null
+++ b/reuters/training/11551
@@ -0,0 +1,12 @@
+TREASURY'S BAKER PURSUING S. ASIAN REVALUATIONS
+  Treasury Secretary James Baker told
+  the House Appropriations Committee the United States is still
+  pressing newly industrialized south Asian nations that have
+  tied their currencies to the dollar to let those currencies
+  strengthen against the U.S. currency.
+      "We have seen some strengthening of those currencies (but)
+  not as much as we would like," he said.
+      "We have been somewhat disappointed in the results so far,
+  but we intend to continue these discussions," he said.
+  
+
diff --git a/reuters/training/11553 b/reuters/training/11553
new file mode 100644
index 0000000000000000000000000000000000000000..b1d5c6dd27fdd13a7dafa3f393448e08ffc55d73
--- /dev/null
+++ b/reuters/training/11553
@@ -0,0 +1,9 @@
+STERLING DRUG <STY> SELLS ASSETS OF SUBSIDIARY
+  Sterling Drug Inc said it sold the
+  assets of its subsidiary Greene Dental Products Inc to Rinn
+  Corp, of Elgin, Ill.
+      The cash purchase price was not disclosed.
+      Greene produces and sells dental X-ray tabs, mount products
+  and record systems.
+  
+
diff --git a/reuters/training/11554 b/reuters/training/11554
new file mode 100644
index 0000000000000000000000000000000000000000..5223c0caf5fa0f0afca354edd6887c90e5100e73
--- /dev/null
+++ b/reuters/training/11554
@@ -0,0 +1,5 @@
+BALDRIGE SAYS U.S. TO GO AHEAD WITH JAPANESE SANCTIONS
+
+  BALDRIGE SAYS U.S. TO GO AHEAD WITH JAPANESE SANCTIONS
+  
+
diff --git a/reuters/training/11555 b/reuters/training/11555
new file mode 100644
index 0000000000000000000000000000000000000000..d00f22dd537ec370aba578704287e253a5b5f86f
--- /dev/null
+++ b/reuters/training/11555
@@ -0,0 +1,28 @@
+BALDRIGE SAYS U.S. TO IMPOSE JAPANESE SANCTIONS
+  Commerce Secretary Malcolm Baldrige
+  said the United States would go ahead with planned 300 mln dlr
+  sanctions against Japanese semiconductor exports, despite any
+  U.S. Japanese talks to avert the trade curbs.
+      He said in a speech to an export-import group that he was
+  sure the United States and Japan could work out their dispute
+  over unfair Japanese trade practices in semiconductor trade,
+  but "I am sure the sanctions will go in before we work it out."
+      Sanctions are to be imposed on April 17.
+      He also said he did not think there would be a trade war
+  with Japan, because Japan had too much value in exports to the
+  United States to risk such a war.
+      "Those fears are unfounded," he said.
+      He told reporters later that the sharp drop in the
+  securities market was not due to fears of a trade war, but fear
+  of inflation and that the Federal Reserve may act on that fact.
+      Market reaction was also due, he said, to the drop in the
+  value of the dollar, although trade issues did have some
+  effect.
+      Baldrige said that observers who were attributing the drop
+  in the market to trade sanctions were "barking up the wrong
+  tree."
+      He said the market observers will realize this shortly.
+      Baldrige said his remarks did not mean to suggest anything
+  about the market or the exchange rate of the dollar.
+  
+
diff --git a/reuters/training/11558 b/reuters/training/11558
new file mode 100644
index 0000000000000000000000000000000000000000..d1764fa36d9100209d99bb6c76efada79468e4d8
--- /dev/null
+++ b/reuters/training/11558
@@ -0,0 +1,13 @@
+SENIOR U.S. OFFICIAL TO VISIT JAPAN AS TRADE ROW GROWS
+  Undersecretary of State Michael
+  Armacost will visit Tokyo next week for meetings with
+  high-level officials that will include discussions of a growing
+  trade row over Japanese semiconductor electronics products.
+      He is the first high-level U.S. official to visit Japan
+  since President Reagan announced last week plans to impose
+  tariffs worth up to 30 mln dls on Japanese electronic goods on
+  April 17 in retaliation for Tokyo's alleged failure to live up
+  to a pact on microchip trade signed last September.
+      The trip is set for April 6-8, the state department said.
+  
+
diff --git a/reuters/training/11559 b/reuters/training/11559
new file mode 100644
index 0000000000000000000000000000000000000000..1d291445d516016a40d4e6a67bfadc6afe0b06f4
--- /dev/null
+++ b/reuters/training/11559
@@ -0,0 +1,14 @@
+UNION PACIFIC <UNP>CLOSES VENEZUELAN PARTNERSHIP
+  Union Pacific Corp said it has closed
+  the previously announced 50-50 partnership with Petroleos de
+  Venezuela SA, Venezuela's national oil company, to own a
+  160,000 barrel per day refinery in Corpus Christi, Texas.
+      Union Pacific said the partnership, called Champlin
+  Refining Co, will acquire the refining and distribution system
+  owned and operated by Union Pacific's Champlin Petroleum Co
+  subsidiary. The Venezuelan company also signed a 25-year
+  feedstock agreement with the partnership to supply at least
+  140,000 barrels a day of Venezuelan crude oil and naphtha at
+  market related prices.
+  
+
diff --git a/reuters/training/1156 b/reuters/training/1156
new file mode 100644
index 0000000000000000000000000000000000000000..a55bc6df91f7aa6260fa544b7a8f1dbe1e30c31b
--- /dev/null
+++ b/reuters/training/1156
@@ -0,0 +1,26 @@
+NIGERIA, GUINEA SET UP IRON ORE FIRM WITH LIBERIA
+  Nigeria and Guinea agreed to set up a new
+  company with Liberia to carry out the 14-year-old
+  Mifergui-Nimba iron ore project, an official communique said.
+      The communique was issued after two days of talks here
+  between Guinean natural resources minister Ousmane Sylla and
+  Nigerian minister of mines and power Bunu Sheriff Musa.
+      Originally, Guinea held 50 pct in the project and Nigeria
+  16.2 pct with firms from several other countries also involved,
+  but the project ran into problems over funding and the slump in
+  world iron ore markets.
+      Musa said Liberia was invited to join and its share will be
+  decided after a project feasibility study. This would be
+  completed in May after which finance will be sought. Officials
+  said the study will be undertaken with the help of the World
+  Bank, which is also expected to give financial support.
+      Production, originally estimated at 15 mln tonnes a year,
+  will be 12 mln initially and is expected to begin in early
+  1990.
+      On an agreement between the two countries to prospect for
+  uranium in Guinea, the communique said Musa and Sylla agreed
+  that because of poor market conditions, it would be extended to
+  cover exploration for gold, diamonds, cobalt, nickel and
+  silver.
+  
+
diff --git a/reuters/training/11563 b/reuters/training/11563
new file mode 100644
index 0000000000000000000000000000000000000000..9d1c1b0972041d33a4c9c9f1d828aa472b8a5587
--- /dev/null
+++ b/reuters/training/11563
@@ -0,0 +1,14 @@
+SCAN-GRAPHICS, CAPTIVE VENTURE CAPITAL MERGE
+  <Scan-Graphics Inc> said it has
+  completed a merger with <Captive Venture Capital Inc> in which
+  former shareholders of Scan-Graphics have beome majority
+  shareholders of the merged company and the Scan-Graphics board
+  has been named the board of the merged company.
+      It said the merged company is now known as Scan-Graphics
+  Inc and expects to be listed on the NASDAQ system soon.
+      It said Captive Venture issued 1,600,000 restricted
+  preferred shares convertible into 16 mln common shares for
+  Scan-Graphics.  Captive had 2,649,500 common shares outstanding
+  before the merger.
+  
+
diff --git a/reuters/training/11564 b/reuters/training/11564
new file mode 100644
index 0000000000000000000000000000000000000000..d849ad06e3b2a029c995c67296b0bf27f52fd079
--- /dev/null
+++ b/reuters/training/11564
@@ -0,0 +1,10 @@
+NODAWAY VALLEY CO <NVCO> 4TH QTR JAN 31 NET
+  Shr 16 cts vs 23 cts
+      Net 385,747 vs 549,928
+      Revs 10.5 mln vs 9,037,596
+      Year
+      Shr 40 cts vs 58 cts
+      Net 946,024 vs 1,352,709
+      Revs 36.2 mln vs 30.6 mln
+  
+
diff --git a/reuters/training/11565 b/reuters/training/11565
new file mode 100644
index 0000000000000000000000000000000000000000..9f8f7bacfd6ce25009975d06a258745e9337f8c1
--- /dev/null
+++ b/reuters/training/11565
@@ -0,0 +1,6 @@
+<LIGHTNING MINERALS INC> YEAR LOSS
+  Shr loss four cts vs loss six cts
+      Net loss 92,917 vs loss 104,038
+      Revs 21.9 mln vs 5,091,000
+  
+
diff --git a/reuters/training/11566 b/reuters/training/11566
new file mode 100644
index 0000000000000000000000000000000000000000..a6ee9e0f67d71c88ac0ae82514033032ca4b45bd
--- /dev/null
+++ b/reuters/training/11566
@@ -0,0 +1,16 @@
+BOBBIE BROOKS INC <BBKS> YEAR NET
+  Oper shr profit 41 cts vs loss 1.13 dlrs
+      Oper net profit 3,093,000 vs loss 7,000,000
+      Revs 35.9 mln vs 31.1 mln
+      Avg shrs 7,508,096 vs 6,207,723
+      NOTE: Current year excludes gain of about 2.5 mln dlrs or
+  33 cts/shr from benefit of tax loss carryforward and includes
+  pretax gain of about 1.2 mln dlrs from sale of export quota
+  rights.
+      Year-ago includes charge of five mln dlrs from discontinued
+  operations.
+      1985 is for eight mths ended Dec 31, 1985. In that year,
+  company changed to calendar year from previous fiscal year
+  ended April 27, 1985.
+  
+
diff --git a/reuters/training/11567 b/reuters/training/11567
new file mode 100644
index 0000000000000000000000000000000000000000..1e0954434cea0eec24286db81ce45b80b38407a1
--- /dev/null
+++ b/reuters/training/11567
@@ -0,0 +1,10 @@
+CELLULAR COMMUNICATIONS INC <COMM> NINE MTHS
+  Dec 31 end
+      Shr loss 1.26 dlrs vs loss six cts
+      Net loss 11.4 mln vs loss 400,000
+      Revs 12.5 mln vs 4,049,000
+      NOTEL Company changed fiscal year to December 31 end.
+      Prior year net includes gain 4,454,031 dlrs from sale of
+  minority interests in Connecticut partnerships.
+  
+
diff --git a/reuters/training/11568 b/reuters/training/11568
new file mode 100644
index 0000000000000000000000000000000000000000..71ebefa6f094a3f6b690f6fd6d39f0028c53b9b5
--- /dev/null
+++ b/reuters/training/11568
@@ -0,0 +1,15 @@
+WILSON BROTHERS 4TH QTR
+  Shr loss 30 cts vs loss 31 cts
+      Net loss 1.0 mln vs loss 1.0 mln
+      Revs 2.3 mln vs 1.7 mln
+      Year
+      Shr profit 0 10 cts vs loss 45 cts
+      Net profit 508,000 vs loss 1.5 mln
+      Revs 5.8 mln vs 6.7 mln
+      NOTE:1986 year and qtr net includes loss of 37,000 dlrs and
+  538,000 dlrs, respectively from from discontinued operations.
+  1986 net includes 1.7 mln dlr credit. 1985 year and qtr
+  includes gain of 1.0 mln dlrs and loss of 190,000, respectively
+  from discontinued operations.
+  
+
diff --git a/reuters/training/11569 b/reuters/training/11569
new file mode 100644
index 0000000000000000000000000000000000000000..5e2979774e4c150d7876e594126abe068b5d2721
--- /dev/null
+++ b/reuters/training/11569
@@ -0,0 +1,11 @@
+(POLORON PRODUCTS INC) YEAR OPER NET
+  Oper shr 26 cts vs 16 cts
+      Oper net 948,000 vs 480,000
+      Revs 25.4 mln vs 19.9 mln
+      NOTE: Excludes loss of 6.7 mln dlrs or 1.82 dlrs/shr vs
+  gain of 453,000 dlrs or 15 cts from discontinued operations.
+  1985 also excludes extraordinary gain equal to 34 cts/shr.
+      1986 ended Dec 31 and 1985 ended Nov 30. In 1986, company
+  changed fiscal year end to Dec 31.
+  
+
diff --git a/reuters/training/1157 b/reuters/training/1157
new file mode 100644
index 0000000000000000000000000000000000000000..7597372862579eef06f3be06bb3cb6bd97160543
--- /dev/null
+++ b/reuters/training/1157
@@ -0,0 +1,7 @@
+DISTRIBUTED LOGIC CORP <DLOG> 1ST QTR LOSS
+  Qtr ended Jan 31
+      Shr loss nine cts vs profit 13 cts
+      Net loss 231,256 vs profit 341,730
+      Revs 2,793,677 vs 3,676,296
+  
+
diff --git a/reuters/training/11570 b/reuters/training/11570
new file mode 100644
index 0000000000000000000000000000000000000000..9c3ae8df5e32418e75a651ef8fa40d051ffad6a2
--- /dev/null
+++ b/reuters/training/11570
@@ -0,0 +1,7 @@
+GENEX CORP <GNEX> YEAR LOSS
+  Shr loss 94 cts vs loss 1.25 dlrs
+      Net loss 12.1 mln vs loss 15.9 mln
+      Revs 3,307,000 vs 16.2 mln
+      NOTE: Current year includes writedown of 8.5 mln dlrs.
+  
+
diff --git a/reuters/training/11571 b/reuters/training/11571
new file mode 100644
index 0000000000000000000000000000000000000000..525d61825768944b77160338173566432b80a89d
--- /dev/null
+++ b/reuters/training/11571
@@ -0,0 +1,6 @@
+BIC CORP <BIC> SETS QUARTERLY
+  Qtly div 15 cts vs 15 cts prior
+      Pay April 30
+      Record April 14
+  
+
diff --git a/reuters/training/11572 b/reuters/training/11572
new file mode 100644
index 0000000000000000000000000000000000000000..607b4d68c301fada8c983705ec0451a493dec8d6
--- /dev/null
+++ b/reuters/training/11572
@@ -0,0 +1,6 @@
+CULP INC <CULP> SETS QUARTERLY
+  Qtly div two cts vs two cts prior
+      Pay May 26
+      Record April 21
+  
+
diff --git a/reuters/training/11574 b/reuters/training/11574
new file mode 100644
index 0000000000000000000000000000000000000000..797cb23dbd400294f3a2e403142f1d38af75e68f
--- /dev/null
+++ b/reuters/training/11574
@@ -0,0 +1,31 @@
+BROADER U.S. EEP SOUGHT BY REPUBLICAN LAWMAKERS
+  Republican members of the House
+  Agriculture Committee said they will propose amendments
+  tomorrow to a pending trade bill increasing funding for the
+  export enhancement program, EEP, and significantly expanding
+  the scope of the program.
+      At a press conference, Republican lawmakers said they would
+  propose expanding EEP to include all countries "willing to
+  purchase additional commodities at reasonable prices."
+      In addition, the Congressmen said they would propose
+  extending the life of EEP to five years from the current three
+  years and increasing the EEP funding ceiling to 2.5 billion
+  dlrs from 1.5 billion at present.
+      The Agriculture committee tomorrow will begin drafting
+  amendments to an omnibus trade bill now before the House.
+      Responding to the Republican plan, Agriculture Secretary
+  Richard Lyng and Trade Representative Clayton Yeutter said they
+  favor a flexible, targeted use of EEP instead of an
+  across-the-board program which they termed too costly.
+      The Republican Congressmen also said they will offer an
+  amendment to the trade bill instructing the U.S. Agriculture
+  Department to value the bonus commodities used for EEP at the
+  market value, rather than the cost of acquisition.
+      But Lyng said USDA already plans to change to market value
+  accounting rather than acquisition value, in order to avoid
+  hitting a funding ceiling for eep of 1.5 billion dlrs.
+      Lyng said under market value accounting only about 700 mln
+  dlrs of EEP commodities have been used to date. Using
+  acquisition value, USDA officials said the value is higher.
+  
+
diff --git a/reuters/training/11575 b/reuters/training/11575
new file mode 100644
index 0000000000000000000000000000000000000000..ed3f7101fd311b3a9c654c528affbc8242ed11ec
--- /dev/null
+++ b/reuters/training/11575
@@ -0,0 +1,25 @@
+WALL STREET STOCKS/AMES DEPT STORES <ADD>
+  Ames Department Stores Inc fell 1-7/8
+  to 23 in what analysts said was a reaction to a surprise
+  announcement earlier today by the company that earnings in the
+  fiscal year ended January 31 will decline sharply.
+      Ames said it expects to report earnings of between 72 and
+  77 cts per share compared with 1.19 dlrs per share in the
+  previous year.
+      "We were looking for 1.15 dlrs," said an analyst at a major
+  Wall Street firm who declined to be identified. Ames said most
+  of the decline resulted from an inventory shortage at its
+  Secaucus, N.J. distribution center.
+      "The obvious suspicion is that there has been some kind of
+  fraud or theft," said Ralph Shulansky, senior vice president of
+  Ames. "We do not have hard evidence we are still putting things
+  together."
+      He said it would take several weeks for the company to
+  complete an investigation. He said there are no law enforcement
+  officials involved at this time.
+      He declined to quantify the inventory shortage but said it
+  was the major reason for the decline in earnings. A decline in
+  gross margin percentage and an increase in the effective tax
+  rate also contributed to the downturn, Ames said.
+  
+
diff --git a/reuters/training/11578 b/reuters/training/11578
new file mode 100644
index 0000000000000000000000000000000000000000..89be12d7e9eaeb2a40d33533b0029077efb454c1
--- /dev/null
+++ b/reuters/training/11578
@@ -0,0 +1,6 @@
+TARO VIT INDUSTRIES LTD <TAROF> YEAR LOSS
+  Shr loss eight cts vs profit nil
+      Net loss 488,759 vs profit 14,289
+      Sales 6,067,676 vs 5,047,383
+  
+
diff --git a/reuters/training/11579 b/reuters/training/11579
new file mode 100644
index 0000000000000000000000000000000000000000..809ddf7242829cd21c3fef253581e7a8d555980b
--- /dev/null
+++ b/reuters/training/11579
@@ -0,0 +1,11 @@
+TRIBUNE <TRB>, SCRIPPS <SCRP> EXCHANGE PAPERS
+  Tribune Co said it exchanged cash and
+  the assets of eight of its Sunbelt Publishing Co community
+  publications circulated in the Naples and Fort Myers, Fla.,
+  area for assets of nine community papers in suburban Tampa and
+  St. Petersburg published by Gulf Coast Newspapers Inc.
+      Gulf Coast is a subsidiary of the E.W. Scripps Co (doing
+  business as Scripps Howard).
+      No additional financial details were disclosed.
+  
+
diff --git a/reuters/training/1158 b/reuters/training/1158
new file mode 100644
index 0000000000000000000000000000000000000000..09798e16b5eb0e1d2d18cd0c257987b8a188cea9
--- /dev/null
+++ b/reuters/training/1158
@@ -0,0 +1,9 @@
+CANADA INDUSTRIAL PRODUCTION UP 2.53 PCT
+  Canadian industrial production rose 2.53
+  pct in December after falling 0.51 pct in November, Statistics
+  Canada said.
+      The federal agency said year-over-year production was off
+  0.65 pct in December, compared with a decline of 1.65 pct in
+  November.
+  
+
diff --git a/reuters/training/11580 b/reuters/training/11580
new file mode 100644
index 0000000000000000000000000000000000000000..7491ca4d7b097713b926f0537ce93685edbc01d4
--- /dev/null
+++ b/reuters/training/11580
@@ -0,0 +1,29 @@
+U.S. OFFICIAL TO VISIT JAPAN AS TRADE ROW GROWS
+  Undersecretary of State Michael
+  Armacost will visit Tokyo next week for meetings with
+  high-level officials that will include talks on the growing
+  trade row over Japanese semiconductor electronics products.
+      He is the first high-level U.S. official to visit Japan
+  since President Reagan announced last week plans to impose
+  tariffs worth up to 30 mln dlrs on Japanese electronic goods on
+  April 17 in retaliation for Tokyo's alleged failure to live up
+  to a pact on microchip trade signed last September.
+      Deputy State Department spokeswoman Phyllis Oakley said the
+  trip is set for April 6 to 8.
+      U.S.-Japanese talks of this kind are regularly held each
+  year at this time, she told reporters.
+      The Armacost discussions with Deputy Foreign Minister
+  Ryohei Murata and other senior Japanese officials will focus on
+  U.S.-Japanese foreign aid programs and political security
+  issues of mutual concern, she added.
+      "Although an exchange of views on bilateral relations is
+  expected, the talks are not directly related to U.S.-Japanese
+  trade relations," she insisted.
+      But, in response to questions, Oakley acknowledged that
+  trade will be discussed.
+     Japan's 58.6 billion dlrs trade surplus with the United
+  States last year has come under fire in Congress, which is
+  concerned about the loss of jobs to foreign competition and
+  with the record 169 billion dlrs U.S. Trade deficit in 1986.
+  
+
diff --git a/reuters/training/11584 b/reuters/training/11584
new file mode 100644
index 0000000000000000000000000000000000000000..10afaa303ae62f6e9efa633bf6c1a35068281fc8
--- /dev/null
+++ b/reuters/training/11584
@@ -0,0 +1,5 @@
+ROYEX OFFERS 50 DLRS/SHR AND 40 DLRS/WARRANT FOR INTERNATIONAL CORONA
+
+  ROYEX OFFERS 50 DLRS/SHR AND 40 DLRS/WARRANT FOR INTERNATIONAL CORONA
+  
+
diff --git a/reuters/training/11587 b/reuters/training/11587
new file mode 100644
index 0000000000000000000000000000000000000000..b0b249887f6487287303d524372c3615f9a9d145
--- /dev/null
+++ b/reuters/training/11587
@@ -0,0 +1,25 @@
+U.S. CARGO PREFERENCE SQUABBLE CONTINUES
+  The U.S. Agriculture Department said
+  it will begin charging interest tomorrow on the over 12 mln
+  dlrs the Department of Transportation, DOT, owes USDA to pay
+  for its share of the cost of shipping food aid on U.S. vessels.
+      USDA General Sales Manager Melvin Sims told the Senate
+  Appropriations Agriculture Subcommittee his department had
+  billed DOT 12 mln dlrs, and that interest on that amount and an
+  additional charge would begin accruing April 1.
+      USDA's Foreign Agricultural Service Administrator Thomas
+  Kay told Reuters DOT could owe USDA as much as 20 mln dlrs.
+      The two departments are trying to hammer out an accord on
+  how to fund the increasing share of food aid required to be
+  shipped on U.S. flag vessels under a 1985 farm bill provision
+  on cargo preference.
+      Sims said the agencies were near to reaching a memorandum
+  of understanding governing how DOT would pay for its share of
+  the cargo preference costs.
+      Under the 1985 bill, the percentage of food aid shipments
+  carried on U.S. vessels was to increase gradually over three
+  years to 75 pct in 1988 from 50 pct.
+      Although the increased cost was to be funded by DOT, Sims
+  said that department to date has contributed no money.
+  
+
diff --git a/reuters/training/11588 b/reuters/training/11588
new file mode 100644
index 0000000000000000000000000000000000000000..c0ee63e2804b7279afbcf4df0a3270d7aae2ce96
--- /dev/null
+++ b/reuters/training/11588
@@ -0,0 +1,12 @@
+BARUCH-FOSTER CORP <BFO> 4TH QTR LOSS
+  Shr loss 92 cts vs profit one ct
+      Net loss 2,487,439 vs profit 48,709
+      Revs 1,788,141 vs 4,167,070
+      Year
+      Shr loss 1.50 dlrs vs profit 48 cts
+      Net loss 4,073,724 vs profit 1,309,412
+      Revs 8,193,455 vs 15.7 mln
+      NOTE: 1986 year net includes 3,095,305 dlr writedown of oil
+  properties and reserves.
+  
+
diff --git a/reuters/training/1159 b/reuters/training/1159
new file mode 100644
index 0000000000000000000000000000000000000000..b7eb447783aabecfa26ae4e7fdf4523b7628707c
--- /dev/null
+++ b/reuters/training/1159
@@ -0,0 +1,19 @@
+LIFETIME <LFT> TO BUY SHARES OF NIPPON LACE
+  Lifetime Corp said it agreed to buy
+  five mln shares, or 16 pct, of <Nippon Lace Co Ltd> for 3.28
+  dlrs a share, or 16.5 mln dlrs.
+      It said it plans to enter the health care business in
+  Japan.
+      In addition, it said <Koba Electronics Co Ltd>, an
+  affiliate of Lifetime, will buy four mln unissued shares, or a
+  12 pct stake, of Nippon for 20 mln dlrs or five dlrs a share.
+      The company said Ohta Shoji, chief executive officer of
+  <Toho Mutual Life Insurance Co>, owns the majority of Koba
+  Electronics' shares. Toho Mutual Life is also the largest
+  shareholder in Nippon Lace, the company said.
+      Lifetime also said the <Private Bank and Trust of Zurich>,
+  on behalf of Lifetime director and shareholder Terence Ramsden,
+  intends to subscribe for two mln shares of Nippon Lace at the
+  same price paid by Lifetime.
+  
+
diff --git a/reuters/training/11597 b/reuters/training/11597
new file mode 100644
index 0000000000000000000000000000000000000000..9719304b2cf4097ff3b8bdae84a40f0f5332e016
--- /dev/null
+++ b/reuters/training/11597
@@ -0,0 +1,14 @@
+GOULD <GLD> DIVISION GETS FINANCING
+  Gould Inc's systems protection
+  division said it selected Merrill Lynch Interfunding INc to
+  provide financing for the purchase of the division from the
+  parent company.
+      Terms were not disclosed. The agreement was announced in
+  February and Gould expects the transaction to be completed by
+  the end of April.
+      The agreement assures the retention of more than 600 jobs
+  at a northeast Philadelphia plant which had been in jeapardy
+  when Gould had accepted a tentative offer from Westinghouse INc
+  which was later terminated.
+  
+
diff --git a/reuters/training/11598 b/reuters/training/11598
new file mode 100644
index 0000000000000000000000000000000000000000..8d974b0ec8025b732fd9b54c8d0edd048422cc24
--- /dev/null
+++ b/reuters/training/11598
@@ -0,0 +1,8 @@
+WELBILT <WELB> COMPLETES ACQUISITIONS
+  Welbilt Corp said it
+  completed the previously announced acquisitions of the assets
+  of L and M Manufacturing Co and Food Machinery Engineering Co,
+  two manufacturers of automated bakery production equipment
+  headquartered in Toronto.
+  
+
diff --git a/reuters/training/11599 b/reuters/training/11599
new file mode 100644
index 0000000000000000000000000000000000000000..113cf17f459e6163cfa1d5c3ca788232fe164201
--- /dev/null
+++ b/reuters/training/11599
@@ -0,0 +1,28 @@
+SCHWAB COMPLETES PURCHASE OF SCHWAB AND CO
+  Charles Schwab announced the
+  completion of the 280-mln-dlr purchase from BankAmerica Co of
+  Charles Schwab and Co Inc and its holding company Charles
+  Schwab Corp.
+      The leveraged buyout is being financed by a syndicate of
+  seven banks led by the Security Pacific National Bank unit of
+  Security Pacific Corp <SPC>, the announcement said.
+      Charles Schwab and Co is the nation's largest discount
+  brokerage firm.
+      The Schwab announcement said BankAmerica received 175 mln
+  dlrs in cash, 50 mln of 10 pct senior subordinated debentures,
+  55 mln dlrs of nine pct junior subordinated debentures and the
+  right to receive 15 pct of the appreciated value of the common
+  equity of the new company over a maximum period of eight years.
+      Security Pacific also acquired a stock appreciation right,
+  equal to 1.8 pct of the value of the new company's fully
+  diluted common stock, Schwab said.
+      The right is exchangeable into warrants upon transfer to a
+  Security Pacific non-affiliate, Schwab said.
+      BankAmerica originally acquired Schwab in 1983 for 57 mln
+  dlrs worth of BankAmerica common stock.
+      The sale of the profitable discount brokerage firm back to
+  Charles Schwab was aimed at raising capital and was seen by
+  banking analysts as a means of heading off a hostile takeover
+  attempt by First Interstate Bancorp <I>.
+  
+
diff --git a/reuters/training/1160 b/reuters/training/1160
new file mode 100644
index 0000000000000000000000000000000000000000..f2aa5815e88d6cb8f4a45974a4d9eaa17b31c279
--- /dev/null
+++ b/reuters/training/1160
@@ -0,0 +1,13 @@
+INTERMEDICS INC <ITM> 1ST QTR NET
+  Oper shr 26 cts vs 18 cts
+      Oper net 2,877,000 vs 1,363,000
+      Revs 44.3 mln vs 40.8 mln
+      Avg shrs 10.9 mln vs 10.5 mln
+      NOTE: prior qtr excludes loss 475,000, or five cts per
+  share, for discontinued operations for the sale of subsidiaries
+  Intermedics Intraocular Inc, Electronics Inc, and Intermedics
+  Infusaid Inc.
+      Excludes 1987 qtr 1,694,000 operating loss carryforwards vs
+  78,000 qtr prior.
+  
+
diff --git a/reuters/training/11602 b/reuters/training/11602
new file mode 100644
index 0000000000000000000000000000000000000000..392b2bae8eff76c363d9cd24a86588233b0687c6
--- /dev/null
+++ b/reuters/training/11602
@@ -0,0 +1,26 @@
+ROYEX MAKES BID FOR INTERNATIONAL CORONA
+  <Royex Gold Mining Corp> said it is
+  making an offer for <International Corona Resources Ltd> of 50
+  dlrs per share and 40 dlrs per warrant.
+      The offer covers four mln Corona common shares and all
+  outstanding 9.50 dlr Corona share purchase warrants expiring
+  August 31, 1987, Royex said.
+      Royex said that if it gains four mln Corona common shares,
+  its interest in Corona will increase to 50 pct from 38 pct. It
+  also said that if more than four mln shares are tendered, it
+  will pay for them on a pro rata basis.
+      Royex said the purchase price for each Corona share
+  consists of one Royex convertible retractable zero coupon
+  Series B first preference share at 20 dlrs nominal value, one
+  Royex convertible 6-1/2 pct Series C first preference share at
+  20 dlrs nominal value, one five-year 7.50 dlr Royex share
+  purchase warrant and four dlrs in cash.
+      The price for each Corona warrant consists of 1.75
+  convertible retractable zero coupon Series B first preference
+  share at 35 dlrs nominal value and one five-year 7.50 Royex
+  share purchase warrant.
+       Royex said both series of preference shares will be
+  convertible into Royex common shares, initially on a basis of
+  3.33 common shares for each preference share converted.
+  
+
diff --git a/reuters/training/11607 b/reuters/training/11607
new file mode 100644
index 0000000000000000000000000000000000000000..92dc7b0bfdcb32e6dfa4c1a569fbfd15434798cc
--- /dev/null
+++ b/reuters/training/11607
@@ -0,0 +1,5 @@
+U.S. 1987 CORN, SOYBEAN ACREAGE ESTIMATES  CORN 67,556,000 ACRES, BEANS 56,885,000 - USDA
+
+  U.S. 1987 CORN, SOYBEAN ACREAGE ESTIMATES  CORN 67,556,000 ACRES, BEANS 56,885,000 - USDA
+  
+
diff --git a/reuters/training/11608 b/reuters/training/11608
new file mode 100644
index 0000000000000000000000000000000000000000..16c2bda5fc800f3f0d132b19fd03d8270aef09e7
--- /dev/null
+++ b/reuters/training/11608
@@ -0,0 +1,5 @@
+U.S. 87 WINTER WHEAT PLANTINGS 48,195,000  ACRES, DURUM 3,137,000, OTHER SPRING 13,515,000
+
+  U.S. 87 WINTER WHEAT PLANTINGS 48,195,000  ACRES, DURUM 3,137,000, OTHER SPRING 13,515,000
+  
+
diff --git a/reuters/training/11609 b/reuters/training/11609
new file mode 100644
index 0000000000000000000000000000000000000000..1ddef93be819c94ae1abfcd3a6307649abdb434c
--- /dev/null
+++ b/reuters/training/11609
@@ -0,0 +1,5 @@
+U.S. 1987 COTTON, SORGHUM ACRES ESTIMATED ALL COTTON 10,353,700, SORGHUM 11,844,000 USDA
+
+  U.S. 1987 COTTON, SORGHUM ACRES ESTIMATED ALL COTTON 10,353,700, SORGHUM 11,844,000 USDA
+  
+
diff --git a/reuters/training/11610 b/reuters/training/11610
new file mode 100644
index 0000000000000000000000000000000000000000..9dc8ad25c7136db059658e9669ba1f94d535daf8
--- /dev/null
+++ b/reuters/training/11610
@@ -0,0 +1,5 @@
+USDA PUTS MARCH 1 U.S. WHEAT STOCKS AT  2,253,143,000 BU
+
+  USDA PUTS MARCH 1 U.S. WHEAT STOCKS AT  2,253,143,000 BU
+  
+
diff --git a/reuters/training/11611 b/reuters/training/11611
new file mode 100644
index 0000000000000000000000000000000000000000..3f3b74b927e173e01d9726cfbaf7b108e95377b5
--- /dev/null
+++ b/reuters/training/11611
@@ -0,0 +1,5 @@
+U.S. 1987 SUGARBEET ACREAGE ESTIMATED BY  USDA AT 1,249,000 ACRES VS 1,232,500 IN 1986
+
+  U.S. 1987 SUGARBEET ACREAGE ESTIMATED BY  USDA AT 1,249,000 ACRES VS 1,232,500 IN 1986
+  
+
diff --git a/reuters/training/11612 b/reuters/training/11612
new file mode 100644
index 0000000000000000000000000000000000000000..ed31277d2689b905962b994914843d4f488ab79d
--- /dev/null
+++ b/reuters/training/11612
@@ -0,0 +1,5 @@
+USDA PUTS MARCH 1 U.S. CORN STOCKS AT  8,246,849,000 BU, SOYBEANS - 1,384,208,000
+
+  USDA PUTS MARCH 1 U.S. CORN STOCKS AT  8,246,849,000 BU, SOYBEANS - 1,384,208,000
+  
+
diff --git a/reuters/training/11614 b/reuters/training/11614
new file mode 100644
index 0000000000000000000000000000000000000000..28feb9e16c0c9dd6a54f0b389ed2b63b81d4877e
--- /dev/null
+++ b/reuters/training/11614
@@ -0,0 +1,6 @@
+OVERLAND EXPRESS INC <OVER> YEAR LOSS
+  Shr loss 9.31 dlrs vs loss 1.62 dlrs
+      Net loss 16.2 mln vs loss 2,770,243
+      Revs 99.4 mln vs 96.2 mln
+  
+
diff --git a/reuters/training/11617 b/reuters/training/11617
new file mode 100644
index 0000000000000000000000000000000000000000..701a4670437200b71279c31bfa67b37cdda383ac
--- /dev/null
+++ b/reuters/training/11617
@@ -0,0 +1,12 @@
+A.H. ROBINS <QRAH> FILES MONTHLY REPORT
+  A.H. Robins Co said it filed its
+  consolidated net earnings report for February, which amounted
+  to 6,720,000 dlrs, compared to 4,646,000 for the comparable
+  month the year prior.
+      Consolidated net earnings for the two months ended Feb 28,
+  1987, amounted to 23.9 mln dlrs, compared to 15.4 mln dlrs for
+  the comparable period a year earlier, it said.
+      A.H. Robbins, which is in Chapter 11, said it filed the
+  report with the U.S. trustee overseeing its case.
+  
+
diff --git a/reuters/training/11619 b/reuters/training/11619
new file mode 100644
index 0000000000000000000000000000000000000000..c46c9317989b9fcd6875b79c534185a678353ced
--- /dev/null
+++ b/reuters/training/11619
@@ -0,0 +1,10 @@
+BUTLER <BTLR> TO PURCHASE NATURALITE
+  Butler Manufacturing Co said it
+  signed a letter of intent to purchase <Naturalite Inc>, a
+  designer of skylights.
+      Terms were not disclosed.
+      Naturalite had sales of about 20 mln dlrs in 1986. The
+  transaction is expected to be completed in May and subject to
+  both boards' approvals.
+  
+
diff --git a/reuters/training/11621 b/reuters/training/11621
new file mode 100644
index 0000000000000000000000000000000000000000..407e9644fc0d3d37c21047dd84ce2b4cb1ad4f50
--- /dev/null
+++ b/reuters/training/11621
@@ -0,0 +1,7 @@
+MECHTRON INTERNATIONAL CORP <MCHT> YEAR NET
+  Shr three cts vs 80 cts
+      Net 46,000 vs 1,220,000
+      Revs 11.5 mln vs 13.0 mln
+      Avg shrs 1,608,000 vs 1,530,000
+  
+
diff --git a/reuters/training/11622 b/reuters/training/11622
new file mode 100644
index 0000000000000000000000000000000000000000..1ff9618a19dba9c7dafc206017be5081ef016a02
--- /dev/null
+++ b/reuters/training/11622
@@ -0,0 +1,6 @@
+DEVON RESOURCE INVESTORS <DIN> YEAR END DEC 31
+  Shr loss 14 cts vs profit 23 cts
+      Net loss 835,000 vs profit 950,000
+      Revs 8,617,000 vs 11.8 mln
+  
+
diff --git a/reuters/training/11623 b/reuters/training/11623
new file mode 100644
index 0000000000000000000000000000000000000000..f29603fe83f9192d10f60b14d5c3a256081082e2
--- /dev/null
+++ b/reuters/training/11623
@@ -0,0 +1,9 @@
+SAFETY-KLEEN <SK> COMPLETES ACQUISITION
+  Safety-Kleen Corp said it has
+  completed the acquisition of McKesson Envirosystems Co, a unit
+  of McKesson Corp <MCK> for an undisclosed amount.
+      Safety-Kleen, an industrial, automotive parts cleaning
+  service, said McKesson Envirosystems has solvent recycling
+  plants in Illinois, Kentucky and Puerto Rico.
+  
+
diff --git a/reuters/training/11625 b/reuters/training/11625
new file mode 100644
index 0000000000000000000000000000000000000000..01dca72af264e8afd388027df90ceb7714d48be4
--- /dev/null
+++ b/reuters/training/11625
@@ -0,0 +1,19 @@
+DOW <DOW> AMENDS RESINS PRICE INCREASE
+  Dow Chemical Co's Thermoplastic
+  Resin Department said it is amending a recent price increase
+  for Magnum ABS (A) resins announced March 3 for an effective
+  date of April 1.
+      Dow said that effective April 15 the selling prices for
+  most grades of Magnum ABS resins for the injection molding,
+  custom sheet and automotive markets will rise six cts a pound,
+  instead of the three cts a pound announced previously.
+      Dow also said that the selling prices for performance
+  grades of the resins to the same markets will increase eight
+  cts a pound, rather than five cts as announced before.
+      The company said that Magnum ABS resins for pipe extension
+  will increase three cts a pound, effective April 9, as
+  previously reported.
+      Dow said it altered the increase to reflect changes in the
+  industry over the past month.
+  
+
diff --git a/reuters/training/11627 b/reuters/training/11627
new file mode 100644
index 0000000000000000000000000000000000000000..a92fd52ccc09a08f35c2fcd0502c77063eb27192
--- /dev/null
+++ b/reuters/training/11627
@@ -0,0 +1,14 @@
+ECHO BAY HAS NEVADA GOLD DISCOVERY
+  Echo Bay Mines Ltd said it
+  discovered a gold deposit in the Cove area near its McCoy gold
+  mine in Nevada.
+      Echo Bay said it encountered gold in 39 of 42 drill holes
+  at Cove. It said seven holes averaged 0.185 ounce gold a short
+  ton and 1.8 ounces of silver, with the seven intersections
+  averaging 118 feet in thickness beneath 25 feet of overburden.
+      The discovery is on the McCoy property, one mile northeast
+  of the McCoy open pit, heap leach gold mine, which is expected
+  to produce about 85,000 ounces of gold this year, Echo Bay
+  said.
+  
+
diff --git a/reuters/training/11628 b/reuters/training/11628
new file mode 100644
index 0000000000000000000000000000000000000000..a065c7b3ba0d7b682343957f63515b9fda4a64e7
--- /dev/null
+++ b/reuters/training/11628
@@ -0,0 +1,6 @@
+BOWL AMERICA INC <BWLA> UPS PAYOUT
+  Qtly div 11 cts vs 10 cts prior
+      Pay May 14
+      Record April 17
+  
+
diff --git a/reuters/training/11629 b/reuters/training/11629
new file mode 100644
index 0000000000000000000000000000000000000000..03a62c2eecac8458dd981fe52d5ed1987a7eedbb
--- /dev/null
+++ b/reuters/training/11629
@@ -0,0 +1,10 @@
+CONCORD FABRICS INC <CIS> 2ND QTR NET
+  Shr 62 cts vs 38 cts
+      Net 1,110,484 vs 677,192
+      Revs 36.6 mln vs 31.1 mln
+      Six mths
+      Shr 92 cts vs 68 cts
+      Net 1,649,453 vs 1,211,597
+      Revs 68.2 mln vs 58.5 mln
+  
+
diff --git a/reuters/training/11630 b/reuters/training/11630
new file mode 100644
index 0000000000000000000000000000000000000000..a71297c35dabe481e0b64e687e1a678022316f8c
--- /dev/null
+++ b/reuters/training/11630
@@ -0,0 +1,18 @@
+AMERICAN PACESETTER <AEC> 4TH QTR NET
+  Oper shr profit 92 cts vs loss six cts
+      Oper net profit 1,351,000 vs loss 112,000
+      Revs 22.8 mln vs 28.7 mln
+      Avg shrs 1,465,926 vs 1,968,601
+      Year
+      Oper shr profit 1.81 dlrs vs profit three cts
+      Oper net profit 2,837,000 vs profit 59,000
+      Revs 84.8 mln vs 69.9 mln
+      Avg shrs 1,569,287 vs 1,980,432
+      Note: Current qtr figures exclude gain from discontinued
+  operations of 533,000 dlrs, or 37 cts per share vs loss of
+  480,000 dlrs, or 24 cts per share.
+      Current year figures exclude gain from discontinued
+  operations of 752,000 dlrs, or 48 cts per share vs loss of
+  452,000 dlrs, or 23 cts per share.
+  
+
diff --git a/reuters/training/11632 b/reuters/training/11632
new file mode 100644
index 0000000000000000000000000000000000000000..fb561b9182423323a8341fb5b626eb9e1fec9b00
--- /dev/null
+++ b/reuters/training/11632
@@ -0,0 +1,14 @@
+DEVON <DIN> REPORTS INCREASE IN RESERVES
+  Devon Resource Investors said as
+  of January one, its estimated proven reserves increased
+  by 443,000 net equivalent barrels to 32.4 billion cubic feet of
+  natural gas and 660,000 barrels of oil, compared with 29.5 bcf
+  of gas and 700,500 barrels of oil as of Jan one, 1986.
+      Devon said that its estimated future net revenues
+  attributable to reserves is about 58 mln dlrs with a present
+  value, discounted at 10 pct, of 38 mln dlrs.
+      It also said that it expects to have sufficient cash flow
+  to cover its annual payout of 60 ct per unit and expand its
+  drilling budget in 1987.
+  
+
diff --git a/reuters/training/11633 b/reuters/training/11633
new file mode 100644
index 0000000000000000000000000000000000000000..f0564b20bbcfaff5aaef279fc8c29269e590c19b
--- /dev/null
+++ b/reuters/training/11633
@@ -0,0 +1,14 @@
+CORRECTED-ELDER-BEERMAN STORES CORP<ELDR>4TH QTR
+  Feb One end
+      Oper shr 89 cts vs 1.31 dlrs
+      Oper net 3,348,000 vs 4,885,000
+      Sales 126.8 mln vs 120.1 mln
+      Year
+      Oper shr 1.67 dlrs vs 2.15 dlrs
+      Oper net 6,302,000 vs 8,013,000
+      Sales 380.9 mln vs 352.1 mln
+      NOTE: Prior year net both periods excludes gain 1,998,000
+  dlrs from reversion of overfunded pension plans.
+      Corrects current year operating net.
+  
+
diff --git a/reuters/training/11634 b/reuters/training/11634
new file mode 100644
index 0000000000000000000000000000000000000000..db676d7ed1c90750d16891cc2be008e41c1d0d41
--- /dev/null
+++ b/reuters/training/11634
@@ -0,0 +1,3 @@
+31-MAR-1987
+  31-MAR-1987
+
diff --git a/reuters/training/11635 b/reuters/training/11635
new file mode 100644
index 0000000000000000000000000000000000000000..e090599a0abf0cec0467f1a639f238e5516b802b
--- /dev/null
+++ b/reuters/training/11635
@@ -0,0 +1,11 @@
+GETTY PETROLEUM <GTY> YEAR NET
+  Shr 1.54 dlrs vs 1.09 dlrs
+      Qtly div four cts vs four cts prior
+      Net 17.1 mln vs 11.5 mln
+      Revs 953.2 mln vs 1.33 billion
+      Avg shrs 11.1 mln vs 10.5 mln
+      NOTE: Cash dividend payable April 21 to holders of record
+  April 10. Shr figures adjusted for five pct stock dividend
+  declared March 31.
+  
+
diff --git a/reuters/training/11636 b/reuters/training/11636
new file mode 100644
index 0000000000000000000000000000000000000000..1c9e8a312f084aaa6e457d2f552a7ae260c9d32a
--- /dev/null
+++ b/reuters/training/11636
@@ -0,0 +1,9 @@
+GETTY PETROLEUM <GTY> SETS STOCK DIVIDEND
+  Getty Petroleum Corp said its
+  board declared a five pct stock dividend payable on April 21 to
+  shareholders of record April 10.
+      The company also declared a regular cash dividend of four
+  cts a share and reported 1986 net income rose to 17.1 mln dlrs
+  from 11.5 mln dlrs.
+  
+
diff --git a/reuters/training/11637 b/reuters/training/11637
new file mode 100644
index 0000000000000000000000000000000000000000..3ea10259c16967c7921487fcaa460911d401db82
--- /dev/null
+++ b/reuters/training/11637
@@ -0,0 +1,35 @@
+1ST CENTRAL FINANCIAL <FCC> SEES HIGHER EARNINGS
+  First Central Financial Corp said it
+  expects earnings to rise significantly in 1987 and said it is
+  actively seeking an acquisition.
+      The property and casualty insurance company's chairman and
+  chief executive officer, Martin J. Simon, told Reuters in an
+  interview that he expects earnings of 33 cts a share in 1987
+  compared with 25 cts a year ago.
+      He said, "the company currently has the sufficient momentum
+  to achieve those earnings and the successful completion of
+  licensing applications to operate in Pennsylvania, Delaware,
+  Connecticut and Ohio should fuel our earnings."
+      The company is currently licenced to operate only in New
+  York state.
+      Simon estimated that the company would earn seven cts a
+  share in the first quarter compared to three cts in the same
+  quarter a year ago, and eight cts a share in the second quarter
+  compared to five cts earned in 1986. He expects the company to
+  earn nine cts a share for each of the final two quarters of
+  1987.
+      In addition, Simon said, First Central Financial "is
+  actively looking for, and has several acquisition brokers
+  looking for a small life insurance company to acquire."
+      He said the acquisition should be in the 10 mln dlr range
+  and will be part of a strategy of expanding the company into a
+  "wide spectrum of insurance services." No specific company has
+  been targeted as yet, "but I would like to make my first
+  acquisition in 1987," he said.
+      He said First Central Financial would not itself be an easy
+  takeover target. It wants to remain independent, he said, and
+  has implemented a staggered board of directors system. In
+  addition, Simon, the company's biggest shareholder, holds about
+  960,000 of the 6.2 mln ouitstanding shares.
+  
+
diff --git a/reuters/training/11638 b/reuters/training/11638
new file mode 100644
index 0000000000000000000000000000000000000000..3778cba1a6b086fd4e8715eac34d7edcef1bad5f
--- /dev/null
+++ b/reuters/training/11638
@@ -0,0 +1,14 @@
+ECHO BAY <ECO> HAS NEVADA GOLD DISCOVERY
+  Echo Bay Mines Ltd said it
+  discovered a gold deposit in the Cove area near its McCoy gold
+  mine in Nevada.
+      Echo Bay said it encountered gold in 39 of 42 drill holes
+  at Cove. It said seven holes averaged 0.185 ounce gold a short
+  ton and 1.8 ounces of silver, with the seven intersections
+  averaging 118 feet in thickness beneath 25 feet of overburden.
+      The discovery is on the McCoy property, one mile northeast
+  of the McCoy open pit, heap leach gold mine, which is expected
+  to produce about 85,000 ounces of gold this year, Echo Bay
+  said.
+  
+
diff --git a/reuters/training/11639 b/reuters/training/11639
new file mode 100644
index 0000000000000000000000000000000000000000..cf3316a63d324776a0a6b5316305e0bc414d2047
--- /dev/null
+++ b/reuters/training/11639
@@ -0,0 +1,37 @@
+IMPERIAL OIL <IMO.A> IN TALKS WITH SUPPLIERS
+  Imperial Oil Ltd, 70 pct-owned by Exxon
+  Corp <XON>, is negotiating with it major crude oil suppliers
+  concerning the effects of a trial deregulation of Alberta's
+  shut-in crude oil production, scheduled to be implemented on
+  June 1, a company spokesman said.
+      "From our point of view, it's a question of entering into
+  negotiations or discussions to make appropriate changes to
+  contracts to reflect the changes that are going to take place
+  on June 1," spokesman John Cote told Reuters in reply to a
+  query.
+      Commenting on published reports that Imperial had suspended
+  its oil supply contracts, Cote said: "It's not a question of
+  cancelling or suspending any of the agreements at this point."
+      On June 1, Alberta's Energy Resources Conservation Board
+  will lift its crude oil marketing prorationing system,
+  regulating shut-in light and medium crude production, on a
+  trial basis to the end of 1987.
+      Under the new system, producers and refiners will be
+  allowed to negotiate volumes of shut-in oil to be delivered
+  under purchase contracts.
+      Shut-in crude is the surplus between the total amount of
+  oil being produced and the amount being purchased by refiners.
+      "We have talked to a number of our major suppliers, and
+  we've discussed the upcoming change with them, but nothing has
+  been finalized," Imperial's manager of western crude supply Gary
+  Strong said.
+      Under Alberta's trial system, Imperial wants to match a
+  reasonable supply of crude against the company's forecast
+  demand for its refineries, Strong said.
+      "We have to know what they have and how that relates to what
+  we need in total," he said.
+      Strong said figures on the amount of crude production
+  Imperial purchases from outside suppliers were not immediately
+  available.
+  
+
diff --git a/reuters/training/1164 b/reuters/training/1164
new file mode 100644
index 0000000000000000000000000000000000000000..8fbd4cd791f46284cabc4976e69ae69ae63421c9
--- /dev/null
+++ b/reuters/training/1164
@@ -0,0 +1,5 @@
+BENEFICIAL CORP TO SELL INSURANCE UNIT, REMOVING COMPANY FROM INSURANCE BUSINESS
+
+  BENEFICIAL CORP TO SELL INSURANCE UNIT, REMOVING COMPANY FROM INSURANCE BUSINESS
+  
+
diff --git a/reuters/training/11640 b/reuters/training/11640
new file mode 100644
index 0000000000000000000000000000000000000000..c47a5c862905e14a420ae0867ce60a9d0d79a8fd
--- /dev/null
+++ b/reuters/training/11640
@@ -0,0 +1,24 @@
+USDA AGAIN EXTENDS FARM OPERATING PLAN DEADLINE
+  The U.S. Agriculture Department said
+  it has extended until April 17 the date by which Agricultural
+  Stabilization and Conservation county offices must determine
+  eligibility of individuals or other entities for payments under
+  1987 farm programs.
+      Jerome Sitter, director of ASCS's Cotton, Grain and Rice
+  Price Support Division, said the decision meant farmers have
+  until April 17 to file a farm operating plan indicating how
+  many persons would be involved in their farming operations.
+      Earlier this year USDA extended the deadline to April 1
+  from March 1, Sitter said.
+      ASCA Administrator Milton Hertz said in a statement that
+  the extension was necessary because of heavy workloads at
+  county ASCS offices.
+      Hertz said ASCS county officials "have had to make a large
+  number of eligibility determinations for individuals and other
+  entities, such as corporations and partnerships, in preparation
+  for imposing the 50,000-dlr-per-entity cap."
+      "These offices already had a very heavy workload due to the
+  large number of applications for both the 1987 farm programs
+  and the Conservation Reserve Program," Hertz said.
+  
+
diff --git a/reuters/training/11643 b/reuters/training/11643
new file mode 100644
index 0000000000000000000000000000000000000000..41e800abd70b498f92f03d475edbaac328308e67
--- /dev/null
+++ b/reuters/training/11643
@@ -0,0 +1,10 @@
+HARVARD INDUSTRIES <HAVA> ANNOUNCES STOCK SPLIT
+  Harvard Industries Inc said its board
+  approved a two-for-one stock split in the form of a special
+  stock dividend of its outstanding common stock.
+      The special dividend is payable May 28, 1987, to
+  stockholders of record April 24, 1987.
+      The split will be effected by one additional share for each
+  common share held, the company said.
+  
+
diff --git a/reuters/training/11644 b/reuters/training/11644
new file mode 100644
index 0000000000000000000000000000000000000000..500d6b3ca386ec733fc6d0c58760f9311041cd60
--- /dev/null
+++ b/reuters/training/11644
@@ -0,0 +1,12 @@
+OVERLAND EXPRESS INC <OVER> YEAR LOSS
+  Shr loss 9.31 dlrs vs loss 1.62 dlrs
+      Net loss 16.2 mln vs loss 2.8 mln
+      Revs 99.4 mln vs 96.5 mln
+      NOTE: 1986 includes loss of 3.9 mln dlrs from
+  restructuring.
+      NOTE: loss 1986 includes 3.9 mln dlrs for restructuring
+  costs associated with disposal of property.
+      Loss also includes the sale-at-a-loss of the company's
+  aircraft.
+  
+
diff --git a/reuters/training/11645 b/reuters/training/11645
new file mode 100644
index 0000000000000000000000000000000000000000..297db714b0570a557400428700731ee343eb5925
--- /dev/null
+++ b/reuters/training/11645
@@ -0,0 +1,13 @@
+USDA ACCEPTS BID FOR BONUS WHEAT TO ALGERIA
+  The U.S. Agriculture Department said
+  it had accepted a bid for an export bonus to cover a sale of
+  durum wheat to Algeria.
+      USDA General Sales Manager Melvin Sims said the Commodity
+  Credit Corp accepted one bid from Cam USA Inc on a sale of
+  18,000 tonnes of durum wheat.
+      Sims said the bonus was 42.44 dlrs per tonne and shipment
+  was scheduled for June 20-30, 1987.
+      An additional 246,000 tonnes of durum wheat are still
+  available to Algeria under the export enhancement program.
+  
+
diff --git a/reuters/training/11649 b/reuters/training/11649
new file mode 100644
index 0000000000000000000000000000000000000000..e903c227e8f21c2460525749e1913b02739e9295
--- /dev/null
+++ b/reuters/training/11649
@@ -0,0 +1,26 @@
+ARTRA GROUP INC <ATA> 4TH QTR OPER LOSS
+  Oper shr loss 1.60 dlrs vs loss 1.17 dlrs
+      Oper net loss 4,261,000 vs loss 2,816,000
+      Revs 28.9 mln vs 11.7 mln
+      Avg shrs 2,817,616 vs 2,685,592
+      Year
+      Oper shr profit 23 cts vs loss 1.10 dlrs
+      Oper net profit 863,000 vs loss 2,390,000
+      Revs 85.9 mln vs 60.4 mln
+      Avg shrs 2,754,258 vs 2,541,967
+      NOTE: Excludes loss of 1.9 mln dlrs vs loss 3.5 mln dlrs in
+  qtr and gain 46,000 dlrs vs loss 3.9 mln dlrs in year from
+  discontinued operations.
+      Also excludes loss of 1.7 mln dlrs in current qtr from
+  reversal of tax loss carryforwards.
+      Includes gain of 6.6 mln dlrs in current year from purchase
+  of Envirodyne Industries Inc shares and charge of 1.4 mln dlrs
+  in current qtr from research and development costs.
+      1986 both periods includes operations of Sargent-Welch
+  Scientific Co, acquired on Nov 30, 1986 and interest in
+  Rosecraft Inc since June 4 and Lawrence Jewelry Corp since Oct
+  22.
+      1985 both periods includes interest in R.N. Koch Inc since
+  Feb 8, 1985.
+  
+
diff --git a/reuters/training/11655 b/reuters/training/11655
new file mode 100644
index 0000000000000000000000000000000000000000..ce8315859af091b0dad90a5bb95a820aa2f24792
--- /dev/null
+++ b/reuters/training/11655
@@ -0,0 +1,13 @@
+CCC CREDITS FOR MEXICO SWITCHED TO WHEAT--USDA
+  The Commodity Credit Corporation
+  (CCC) has switched 10 mln dlrs in credit guarantees to Mexico
+  to cover purchases of U.S. wheat, the U.S. Agriculture
+  Department said.
+      The credit guarantees were previously earmarked for sales
+  of U.S. dry edible beans and rice, it said.
+      The action reduces the guarantee lines previously
+  authorized of dry edible beans to by five mln dlrs to 45 mln
+  dlrs and for rice from five mln to zero and increases coverage
+  for wheat sales from five mln to 15 mln dlrs.
+  
+
diff --git a/reuters/training/11657 b/reuters/training/11657
new file mode 100644
index 0000000000000000000000000000000000000000..760e22e7904867b5ddd6005ad822ca79b8f47fc8
--- /dev/null
+++ b/reuters/training/11657
@@ -0,0 +1,9 @@
+ALLIED-SIGNAL <ALD> COMPLETES UNIT SALE
+  Allied-Signal Inc said it
+  completed the previously announced sale of its Linotype Group
+  to Commerzbank AG of West Germany.
+      The purchase price was not disclosed.
+      Eschborn, West Germany-based Linotype had 1986 sales of
+  more than 200 mln dlrs, the company said.
+  
+
diff --git a/reuters/training/11658 b/reuters/training/11658
new file mode 100644
index 0000000000000000000000000000000000000000..6a95ea6a3d552b494237f008731b1ae9e66f8d41
--- /dev/null
+++ b/reuters/training/11658
@@ -0,0 +1,14 @@
+U.S. OFFICIAL SEES EVIDENCE OF EXPORT GROWTH
+  Beryl Sprinkel, chairman of the
+  White House Council of Economic Advisers, said he sees "growing
+  but incomplete evidence that (U.S.) export volumes are finally
+  strengthening."
+      In remarks prepared for a speech today in Los Angeles,
+  Sprinkel said the decline in the dollar's value since 1985 had
+  "largely" restored U.S. cost competitiveness in world markets and
+  appeared to signal an end to U.S. trade imbalances.
+      "I am confident that further improvements in our trade
+  performance will contribute significantly to U.S. growth in
+  1987," he said.
+  
+
diff --git a/reuters/training/11660 b/reuters/training/11660
new file mode 100644
index 0000000000000000000000000000000000000000..29e9f306144f68980a15e87c9b18d7a90bcec62e
--- /dev/null
+++ b/reuters/training/11660
@@ -0,0 +1,5 @@
+CITIBANK SAYS IT RAISES BASE RATE TO 7-3/4 PCT FROM 7-1/2 PCT
+
+  CITIBANK SAYS IT RAISES BASE RATE TO 7-3/4 PCT FROM 7-1/2 PCT
+  
+
diff --git a/reuters/training/11661 b/reuters/training/11661
new file mode 100644
index 0000000000000000000000000000000000000000..53600d613df56f5601431c15ee29fa070fc8f12b
--- /dev/null
+++ b/reuters/training/11661
@@ -0,0 +1,43 @@
+GAF <GAF> PLANS NO CHANGES IF OFFER ACCEPTED
+  GAF Corp chairman Samuel Heyman told
+  Reuters he did not foresee major changes in Borg-Warner <BOR>
+  if GAF's 46 dlr-per-share offer to acquire Borg-Warner is
+  successful.
+      "We have great respect for Borg-Warner mangagement," Heyman
+  said, following a speech at the American Institute of Chemical
+  Engineers annual meeting. "We don't have any particular changes
+  in mind."
+      Earlier today, GAF announced that a 3.16-billion-dlr-offer
+  was presented to the board of directors of the Chicago-based
+  company.
+      Last week, GAF had purchased additional shares of the
+  company for 40-1/8 dlrs, increasing its stake in Borg-Warner to
+  19.9 pct.
+      In 1985, GAF made an unsuccessful effort to acquire Union
+  Carbide Corp for five billion dlrs, and has since expressed an
+  interest in acquiring a chemical company that would complement
+  its own chemical business.
+      When asked whether GAF would consider selling the
+  non-chemical assets of Borg-Warner if its takeover offer is
+  accepted, Heyman declined to comment.
+      He also refused to say whether GAF would consider
+  increasing its the dollar value of its takeover offer if the
+  initial proposal is rejected.
+      Heyman emphasized that he considered the GAF offer to
+  Borg-Warner to be a friendly one.
+      "We think we made a fair offer that is good for Borg-Warner
+  management and good for its shareholders," Heyman said.
+       In his speech, Heyman said he feared too many chemical
+  companies were attempting to specialize in the same high margin
+  niche products.
+      He said they were turning their backs on core commodity
+  chemical businesses. 
+      Heyman said the chemical industry has taken a total of
+  seven billion dlrs in pre-tax writeoffs during the past two
+  years to trim balance sheets.
+      He predicted that the U.S. chemical industry, which
+  reported a total of 13 billion dlrs in 1986 profits, would see
+  a 20 pct gain in earnings this year because of increasing
+  exports, cheaper feedstock costs and the weakened U.S. dlr.
+  
+
diff --git a/reuters/training/11663 b/reuters/training/11663
new file mode 100644
index 0000000000000000000000000000000000000000..985d2beca20b4ad8be7c81f9a93fd6a3158fbc0a
--- /dev/null
+++ b/reuters/training/11663
@@ -0,0 +1,32 @@
+TRANSWORLD LIQUIDATING <TWT> TO DISTRIBUTE
+  Transworld Corp Liquidating Trust said
+  it expects to make an initial distribution to beneficiaries
+  valued at 20.10 dlrs per unit from the proceeds of the sale of
+  Hilton International Co.
+      The value of the distribution assumes yesterday's closing
+  price of UAL's common stock of 56.50 dlrs per share.
+      Earlier, UAL announced that it completed the purchase of
+  Hilton International Co for 835.7 mln dlrs in cash and 2.5 mln
+  shares of UAL Inc common stock.
+      Total value of the sale is about 977.2 mln dlrs, Transworld
+  said.
+      Pursuant to the sale, UAL exercised its option to
+  substitute cash for 200 mln dlrs of debentures and 55,493
+  shares of common stock, Transworld Liquidating said.
+      Each unit of beneficial interest in the trust will be
+  allocated 0.051675 shares of UAL common stock.
+      The aggregate value of the distribution is 975.8 mln dlrs.
+  The balance of the cash in the trust will be held by the Trust
+  until April 29 and will be used to satisfy all ouststanding
+  liabilities and obligations of the trust.
+      After satisfaction of its liabilities and obligations, the
+  trust would make a second distribution to its beneficiaries of
+  any remaining cash on or about April 29.
+      Trading in the beneficial interests, which are listed on
+  the New York Stock Exchange, will cease after today. In order
+  to receive the distribution, beneficiaries must surrender the
+  certificates representing their beneficial interests.
+      The trust was formed at year end 1986 to facilitate the
+  sale of Hilton International.
+  
+
diff --git a/reuters/training/11664 b/reuters/training/11664
new file mode 100644
index 0000000000000000000000000000000000000000..45a37587244ec494a30d3d40f131316536de69ba
--- /dev/null
+++ b/reuters/training/11664
@@ -0,0 +1,6 @@
+MOBILE AMERICA CORP <MAME> YEAR END DEC 31
+  Shr 2.25 dlrs vs 1.35 dlr
+      Net 1,199,791 vs 724,755
+      Revs 11.7 mln vs 9,105,952
+  
+
diff --git a/reuters/training/11665 b/reuters/training/11665
new file mode 100644
index 0000000000000000000000000000000000000000..3727b06724cf6e2b664e777bcaa23fc4f36f81d8
--- /dev/null
+++ b/reuters/training/11665
@@ -0,0 +1,14 @@
+U.S. SENATE PASSES HOUSING BILL
+  The Senate passed a two year
+  extension of federal housing programs, including 15 billion
+  dlrs for lower income housing assistance over two years. The
+  vote was 71 to 27.
+      Total value of the bill was estimated at 31 billion dlrs.
+  The bill permanently extended the authorization for Federal
+  Housing Authority mortgage insurnce.
+      The bill also extended the urban development grant program,
+  the national flood insurance act, the rural housing program as 
+  well as several other housing programs. The bill now goes to
+  the House.
+  
+
diff --git a/reuters/training/11666 b/reuters/training/11666
new file mode 100644
index 0000000000000000000000000000000000000000..fe08c7d7ff3e51bd62f30302f9948f4e6d6a9ce2
--- /dev/null
+++ b/reuters/training/11666
@@ -0,0 +1,9 @@
+INTERNATIONAL DAIRY QUEEN <INDQA> 1ST QTR NET
+  Ended February 28.
+      Shr 18 cts vs 13 cts
+      Net 1,706,601 vs 1,226,609
+      Rev 42.7 mln vs 36.3 mln
+      Avg shares 9,695,444 vs 9,537,043
+      NOTE: Company's full name is International Dairy Queen Inc.
+  
+
diff --git a/reuters/training/11667 b/reuters/training/11667
new file mode 100644
index 0000000000000000000000000000000000000000..4ef55a09c2bc09ee6b3047eb5f9895ee9786ef7c
--- /dev/null
+++ b/reuters/training/11667
@@ -0,0 +1,8 @@
+DE TOMASO INDUSTRIES INC <DTOM> YEAR NET
+  Shr 2.90 dlrs vs 1.44 dlrs
+      Net 8,862,000 vs 4,391,000
+      Revs 221.6 mln vs 265.3 mln
+      NOTE: Translated from Italian lire in U.S. dollar
+  equivalents at the exchange rate prevailing at Dec 31, 1986.
+  
+
diff --git a/reuters/training/11668 b/reuters/training/11668
new file mode 100644
index 0000000000000000000000000000000000000000..32c20f860cb14fd634747198256fc96db2021e99
--- /dev/null
+++ b/reuters/training/11668
@@ -0,0 +1,5 @@
+COLEMAN SEES 23 CTS A SHR 1ST QTR CHARGE FROM HEAT EXCHANGER REPLACEMENT PROGRAM 
+
+  COLEMAN SEES 23 CTS A SHR 1ST QTR CHARGE FROM HEAT EXCHANGER REPLACEMENT PROGRAM 
+  
+
diff --git a/reuters/training/1167 b/reuters/training/1167
new file mode 100644
index 0000000000000000000000000000000000000000..e42950ff362bc326deba166407976c094d724111
--- /dev/null
+++ b/reuters/training/1167
@@ -0,0 +1,5 @@
+FORD CANADA CUTS ANNUAL DIVIDEND BY SIX DLRS TO SIX DLRS CASH A SHARE
+
+  FORD CANADA CUTS ANNUAL DIVIDEND BY SIX DLRS TO SIX DLRS CASH A SHARE
+  
+
diff --git a/reuters/training/11671 b/reuters/training/11671
new file mode 100644
index 0000000000000000000000000000000000000000..5adea4fa5c57ecf443d4b24384cf5a14799d4332
--- /dev/null
+++ b/reuters/training/11671
@@ -0,0 +1,15 @@
+U.S. CREDITS FOR ECUADOR SWITCHED TO VEG OIL
+  The Commodity Credit Corporation
+  (CCC) switched five mln dlrs in credit guarantees to Ecuador to
+  provide for more sales of U.S. vegetable oil, the U.S.
+  Agriculture Department said.
+      The credit guarantees were previously earmarked for sales
+  of U.S. cotton, feedgrains and wheat.
+      The action reduces the guarantee lines previously
+  authorized for sales of cotton from 1.5 mln dlrs to 500,000
+  dlrs, for feedgrains from four mln to two mln and for wheat
+  from 45 mln dlrs to 43 mln dlrs and increases coverage for
+  vegetable oil sales from two mln to seven mln dlrs, the
+  department said.
+  
+
diff --git a/reuters/training/11674 b/reuters/training/11674
new file mode 100644
index 0000000000000000000000000000000000000000..80bea8af5b97f4de497d20f542c490232a6e76dd
--- /dev/null
+++ b/reuters/training/11674
@@ -0,0 +1,13 @@
+COLEMAN <CLN> SEES 1ST QTR CHARGE
+  Coleman Co said it expects a
+  first-quarter charge against earnings of 1.6 mln dlrs, or 23
+  cts a share, as a result of its voluntary program to replace
+  condensing heat exchangers in its early Model 90 series
+  high-efficiency residential gas furnaces.
+      The company said extensive testing indicates a problem
+  found in the furnaces is not safety related. Coleman said it
+  noted an increasing number of heat exchangers in certain
+  furnaces made from March 1984 through December 1985 were
+  returned because of corrosion.
+  
+
diff --git a/reuters/training/11679 b/reuters/training/11679
new file mode 100644
index 0000000000000000000000000000000000000000..b533b34d4d568e062d397a7fa072b1a778337f43
--- /dev/null
+++ b/reuters/training/11679
@@ -0,0 +1,10 @@
+PHILADELPHIA SUBURBAN <PSC> BUYS SOFTWARE FIRM
+  Philadelphia Suburban Corp said
+  it acquired Mentor Systems Inc, a Lexington, Ky., computer
+  software company, for common stock.
+      Detailed terms were not disclosed.
+      Mentor specializes in public sector accounting systems. It
+  has 73 employees at its Lexington facility, four branch offices
+  in the Midwest and one in New York.
+  
+
diff --git a/reuters/training/11682 b/reuters/training/11682
new file mode 100644
index 0000000000000000000000000000000000000000..6a92a62759b17e7b51761d238c863ad17b496a06
--- /dev/null
+++ b/reuters/training/11682
@@ -0,0 +1,5 @@
+PACIFIC GAS SAID ACCOUNTING CHANGE WILL REDUCE 1987 NET BY 470 MLN DLRS
+
+  PACIFIC GAS SAID ACCOUNTING CHANGE WILL REDUCE 1987 NET BY 470 MLN DLRS
+  
+
diff --git a/reuters/training/11683 b/reuters/training/11683
new file mode 100644
index 0000000000000000000000000000000000000000..c66b6ab9ed48e251b68422136d5b44c314c8e186
--- /dev/null
+++ b/reuters/training/11683
@@ -0,0 +1,11 @@
+TRIBUNE/SWAB-FOX COS INC <TSFC> 4TH QTR LOSS
+  Shr loss 15 cts vs nil
+      Net loss 4,356,285 vs profit 300,000
+      Year
+      Shr loss 12 cts vs profit five cts
+      Net loss 2,744,826 vs profit 2,490,262
+      NOTE: 1985 earnings restated for discontinued operations
+      Per-share results reflect payment of preferred dividends
+      Company did not release revenues
+  
+
diff --git a/reuters/training/11684 b/reuters/training/11684
new file mode 100644
index 0000000000000000000000000000000000000000..1006465b72e8126a877517e795f68df0fd044c5c
--- /dev/null
+++ b/reuters/training/11684
@@ -0,0 +1,9 @@
+BARRINGER RESOURCES INC <BARR> YEAR END DEC 31
+  Shr profit 70 cts vs loss 33 cts
+      Net profit 2,598,000 vs loss 687,000
+      Revs 7,438,000 vs 6,467,000
+      NOTE: 1986 net includes 2,168,000 dlrs or 61 cts a share
+  for gain on cancellation of long-term debt through a debenture
+  offer.
+  
+
diff --git a/reuters/training/11685 b/reuters/training/11685
new file mode 100644
index 0000000000000000000000000000000000000000..b3b24229a179e203818d6cc57beb028f26d822f3
--- /dev/null
+++ b/reuters/training/11685
@@ -0,0 +1,17 @@
+CONCORD FABRICS INC <CIS> 2ND QTR OPER NET
+  Ended March one
+      Oper shr 47 cts vs 41 cts
+      Oper net 840,484 vs 732,000
+      Revs 36.6 mln vs 31.1 mln
+      Six mths
+      Oper shr 77 cts vs 75 cts
+      Oper net 1,379,453 vs 1,338,346
+      Revs 68.2 mln vs 58.5 mln
+      NOTE: Excludes net gain of 27,000 dlrs or 15 cts/shr in
+  current qtr and six mths from disposal of discontinued
+  operations.
+      Year-ago excludes loss of 54,808 dlrs or three cts in qtr
+  and 126,749 dlrs or seven cts in six mths from discontinued
+  operations.
+  
+
diff --git a/reuters/training/11687 b/reuters/training/11687
new file mode 100644
index 0000000000000000000000000000000000000000..051156c85cb6785ed71af37e635f745b2a7d2568
--- /dev/null
+++ b/reuters/training/11687
@@ -0,0 +1,6 @@
+P.C. QUOTE INC <PCQT> YEAR LOSS
+  Shr loss 30 cts vs loss 44 cts
+      Net loss 1,135,805 vs loss 1,461,792
+      Sales 3,398,893 vs 2,075,260
+  
+
diff --git a/reuters/training/11689 b/reuters/training/11689
new file mode 100644
index 0000000000000000000000000000000000000000..f315780141c31cbbb438f7951ca2dedc9af5108e
--- /dev/null
+++ b/reuters/training/11689
@@ -0,0 +1,6 @@
+<EXECUTIVE HOUSE INC> YEAR LOSS
+  Shr loss 26 cts vs loss six cts
+      Net loss 535,110 vs loss 129,433
+      Revs 787,000 vs 622,130
+  
+
diff --git a/reuters/training/1169 b/reuters/training/1169
new file mode 100644
index 0000000000000000000000000000000000000000..abb5548bbc7e8dd6a140184333deebf80713ad9b
--- /dev/null
+++ b/reuters/training/1169
@@ -0,0 +1,8 @@
+PAINE WEBBER RESIDENTIAL REALTY INC <PWM> DIV
+  Qtrly 25 cts vs 16 cts
+      Pay March 30
+      Record March 13
+      NOTE: Prior qtr is for two months operation, October and
+  November and represents a parital dividend.
+  
+
diff --git a/reuters/training/11690 b/reuters/training/11690
new file mode 100644
index 0000000000000000000000000000000000000000..e213b79a46d62d1322d09abc7c0f0b74cbbdf275
--- /dev/null
+++ b/reuters/training/11690
@@ -0,0 +1,18 @@
+LORI CORP <LRC> 4TH QTR OPER NET LOSS
+  Oper shr loss 14 cts vs loss 49 cts
+      Oper net loss 22,000 vs loss 441,000
+      Revs 22.6 mln vs 13.6 mln
+      Year
+      Oper shr profit 14 cts vs profit 47 cts
+      Oper net profit 1,952,000 vs profit 2,794,000
+      Revs 76.2 mln vs 56.4 mln
+      NOTE: 1986 4th qtr and year oper net excludes a loss of
+  54,000 dlrs for discontinued operations, and a a gain of
+  218,000 dlrs and 2,393,000 dlrs, respecitvely, for
+  extraordinary item.
+      1985 4th qtr and year oper net excludes a loss of 77,000
+  dlrs and about 54,000 dlrs, respectively, for discontinued
+  operations and a loss of 285,000 dlrs and a gain of 2,757,000
+  dlrs, respectively, for extraordinary item.
+  
+
diff --git a/reuters/training/11694 b/reuters/training/11694
new file mode 100644
index 0000000000000000000000000000000000000000..21f61e914c71061ffe3af1d44891dcf78407a37b
--- /dev/null
+++ b/reuters/training/11694
@@ -0,0 +1,12 @@
+HONDURAS SEEKING VESSELS FOR BULK WHEAT SHIPMENT
+  Honduras will tender April 2 for
+  U.S. and non-U.S. flag vessels to import 19,369 tonnes of wheat
+  in bulk, an agent for the country said.
+      The agent said Honduras is seeking vessels to deliver 
+  7,369 tonnes during a period that includes laydays of April
+  15-30, and 12,000 tonnes with laydays of May 15-30.
+      Offers are due no later than 1200 hrs EST, April 2, and
+  will remain valid through the close of business the following
+  day, the agent said.
+  
+
diff --git a/reuters/training/11696 b/reuters/training/11696
new file mode 100644
index 0000000000000000000000000000000000000000..72cb86d1c149b2f16058c59a5aa8bff31c7f77ef
--- /dev/null
+++ b/reuters/training/11696
@@ -0,0 +1,11 @@
+OTF EQUITIES INC <OTFE> 4TH QTR NET
+  Shr profit 28 cts vs loss 32 cts
+      Net profit 1,190,000 vs loss 686,000
+      Revs 40.8 mln vs 2.2 mln
+      Year
+      Shr profit 20 cts vs loss 49 cts
+      Net profit 2,021,000 vs loss 1,162,000
+      Revs 103 mln vs 9.5 mln
+      Avg shrs 4,206,371 vs 2,124,967
+  
+
diff --git a/reuters/training/11697 b/reuters/training/11697
new file mode 100644
index 0000000000000000000000000000000000000000..2c65ac9a88a7caeeab4d6cdf5c50e24ccc6dc6f2
--- /dev/null
+++ b/reuters/training/11697
@@ -0,0 +1,5 @@
+DOME PETROLEUM LTD YEAR OPER SHR LOSS 6.94 DLRS VS LOSS TWO CTS
+
+  DOME PETROLEUM LTD YEAR OPER SHR LOSS 6.94 DLRS VS LOSS TWO CTS
+  
+
diff --git a/reuters/training/11699 b/reuters/training/11699
new file mode 100644
index 0000000000000000000000000000000000000000..afd6d2ed6f65b98f7ad12056f9226df15a4e64dd
--- /dev/null
+++ b/reuters/training/11699
@@ -0,0 +1,5 @@
+API SAYS DISTILLATE STOCKS OFF 2.52 MLN BBLS, GASOLINE OFF 260,000, CRUDE OFF 4.23 MLN
+
+  API SAYS DISTILLATE STOCKS OFF 2.52 MLN BBLS, GASOLINE OFF 260,000, CRUDE OFF 4.23 MLN
+  
+
diff --git a/reuters/training/1170 b/reuters/training/1170
new file mode 100644
index 0000000000000000000000000000000000000000..1635a9435a88187a869a1db956555d9669c03188
--- /dev/null
+++ b/reuters/training/1170
@@ -0,0 +1,6 @@
+OMNICOM GROUP <OMCM> SETS REGULAR PAYOUT
+  Qtlry div 24.5 cts vs 24.5 cts
+      Pay April 6
+      Record March 16
+  
+
diff --git a/reuters/training/11700 b/reuters/training/11700
new file mode 100644
index 0000000000000000000000000000000000000000..d60aebe2e0e78621838f6679e41546746992104c
--- /dev/null
+++ b/reuters/training/11700
@@ -0,0 +1,12 @@
+SALEM CORP <SBS> 4TH QTR LOSS
+  Shr loss 1.82 dlrs vs loss 16 cts
+      Net loss 2,285,000 vs loss 264,000
+      Revs 23.0 mln vs 14.6 mln
+      Year
+      Shr loss 1.59 dlrs vs profit seven cts
+      Net loss 2,467,000 vs profit 112,000
+      Revs 77.3 mln vs 75.8 mln
+      NOTE: Includes loss of 1.1 mln dlrs or 70 cts/shr from
+  asset writedowns and cost reductions.
+  
+
diff --git a/reuters/training/11701 b/reuters/training/11701
new file mode 100644
index 0000000000000000000000000000000000000000..6f709f41fe1aa25f98d85238341b54a6d36b9fb4
--- /dev/null
+++ b/reuters/training/11701
@@ -0,0 +1,5 @@
+CONSUMERS POWER SEES ONE-TIME 1ST QTR LOSS OF SEVEN CTS/SHR FROM SUIT
+
+  CONSUMERS POWER SEES ONE-TIME 1ST QTR LOSS OF SEVEN CTS/SHR FROM SUIT
+  
+
diff --git a/reuters/training/11702 b/reuters/training/11702
new file mode 100644
index 0000000000000000000000000000000000000000..fa540ce14e7ce08f0276b12c8c045f6343949d6a
--- /dev/null
+++ b/reuters/training/11702
@@ -0,0 +1,5 @@
+DOME PETROLEUM TAKES 1986 WRITEDOWNS TOTALLING 2.08 BILLION DLRS
+
+  DOME PETROLEUM TAKES 1986 WRITEDOWNS TOTALLING 2.08 BILLION DLRS
+  
+
diff --git a/reuters/training/11705 b/reuters/training/11705
new file mode 100644
index 0000000000000000000000000000000000000000..51d25d0db9f638779fc140b5287edfc8aba796f2
--- /dev/null
+++ b/reuters/training/11705
@@ -0,0 +1,12 @@
+DOME PETROLEUM LTD <DMP> YEAR LOSS
+  Shr loss 6.94 dlrs vs loss two cts
+      Net loss 2.20 billion vs profit 7.0 mln
+      Revs 1.55 billion vs 2.44 billion
+      Note: 1986 shr and net include writedowns totalling 2.08
+  billion dlrs before a reduction in deferred income taxes of 571
+  mln dlrs. Net also includes 214 mln dlrs in accumulated foreign
+  exchange losses
+      Canadian funds
+      Note continued: shr after preferred dividends
+  
+
diff --git a/reuters/training/11706 b/reuters/training/11706
new file mode 100644
index 0000000000000000000000000000000000000000..98a64b6758e9b607245db3fbc9430533a58b5dc3
--- /dev/null
+++ b/reuters/training/11706
@@ -0,0 +1,19 @@
+U.S. STEELMAKERS, UNION SEEK RENEWED IMPORT CURB
+  The U.S. specialty steel industry
+  and its union said they will seek a three-year extension of
+  President Reagan's import restraint program to give the
+  industry more time to restore competitiveness.
+      They said they will tell the U.S. International Trade
+  Commission (ITC) Thursday that "termination will have disastrous
+  consequences for American companies and workers."
+      The current four-year voluntary program reached with
+  foreign exporters ends this summer and the ITC must advise
+  President Reagan on the economic effect of its termination.
+      The Specialty Steel Industry of the United States and the
+  United Steelworkers Union said in statement that imported steel
+  was still flooding the domestic market and continued curbs were
+  needed to restore the industry's health.
+      Reagan is to decide by July 19 whether to renew the
+  restraint program.
+  
+
diff --git a/reuters/training/11707 b/reuters/training/11707
new file mode 100644
index 0000000000000000000000000000000000000000..54ec9608c7e307d411cab6c81710812a6cd22edb
--- /dev/null
+++ b/reuters/training/11707
@@ -0,0 +1,14 @@
+HOLDER COMMUNICATIONS <HOLD> TO BUY FIVE FIRMS
+  Holder Communications Corp said it
+  agreed to buy five privately held companies with combined 1987
+  revenues expected to be about 25 mln dlrs.
+      Holder plans to issue 32 mln common shares to buy the
+  Nashville-based companies, all of which are owned by Jack
+  Norman and Joe Shaw, their families and employees.
+      The companies include radio stations WKXC-AM and WWKZ-FM,
+  which operate in the New Albany/Tupelo, Miss., market, and
+  General Masonry Inc, a contractor in the Southeast.
+      The acquisitions are subject to approval by Holder
+  shareholders and the Federal Communications Commission.
+  
+
diff --git a/reuters/training/11708 b/reuters/training/11708
new file mode 100644
index 0000000000000000000000000000000000000000..e393398ce279961098fd789246864aaf93b85fa4
--- /dev/null
+++ b/reuters/training/11708
@@ -0,0 +1,14 @@
+CHELSEA <CHD> SEES LOWER 2ND QTR NET
+  Chelsea Industries Inc said earnings for
+  its fiscal second quarter ended March 30 will be "sharply
+  lower" than the 1,414,000 dlrs or 55 cts a share it earned for
+  the same quarter last year.
+      It also said it lowered its earnings forecasts for the
+  remainder of the fiscal year. In fiscal 1986, the company
+  earned 7,206,000 dlrs or 2.78 dlrs a share.
+      The company cited intensely competitive market conditions
+  in its polyethelyne trash liner business and startup costs
+  related to its acquisition of Artisan Plastic for the reduced
+  earnings outlook.
+  
+
diff --git a/reuters/training/11711 b/reuters/training/11711
new file mode 100644
index 0000000000000000000000000000000000000000..9106cccf36e9495950d8e14e8741700a445cc2a7
--- /dev/null
+++ b/reuters/training/11711
@@ -0,0 +1,76 @@
+DOME PETE<DMP> TAKES 2.08 BILLION DLR WRITEDOWN
+  Dome Petroleum Ltd, earlier
+  reporting a 2.20 billion dlr 1986 loss compared to year-earlier
+  profit of 7.0 mln dlrs, said the loss was mainly due to write
+  downs totalling 2.084 billion dlrs before a reduction in
+  deferred income taxes of 571 mln dlrs.
+      The loss also includes 214 mln dlrs in accumulated foreign
+  exchange losses, the company said.
+      "The dramatic drop in energy prices in early 1986 reverses
+  much of the progress the company has made in the two previous
+  years," Dome chairman J. Howard Macdonald said in a statement.
+      "But even a net loss of this magnitude has very little
+  bearing on the day-to-day operations of Dome," chairman
+  Macdonald said.
+      "It merely reflects the realistic carrying value of the
+  company's assets in today's economic environment, and the
+  absolute need for reaching a timely agreement with our lenders
+  on a debt restructuring plan to assure the company's continued
+  existence," he added.
+      Dome is now trying to reach agreement on a complex plan for
+  restructuring debt of more than 6.10 billion dlrs.
+      Dome said it charged the 214 mln dlrs in accumulated
+  foreign exchange losses to current expenses because of the
+  uncertainty arising from its proposed restructuring plan.
+      Normally the expenses would be amortized over the remaining
+  period of the loans to which they apply, it said.
+      Dome also said the write downs included a fourth quarter
+  reduction in the value of its oil and gas properties of 1.20
+  billion dlrs, before a reduction in deferred income taxes of
+  305 mln dlrs. The fourth quarter writedown was in addition to a
+  charge of 880 mln dlrs on certain other assets, taken mainly in
+  the third quarter.
+      Dome said the 1.20 billion dlr fourth quarter charge
+  resulted from a year-end accounting change made under new full
+  cost accounting guidelines by the Canadian Institute of
+  Chartered Accountants.
+      The company said it previously determined a write down of
+  conventional oil and gas properties was not required at
+  September 30, under the previous method of calculating the
+  limitation of oil and gas values.
+      Dome said the most significant accounting change under the
+  new guidelines is using current oil and gas prices in
+  calculations instead of escalating price forecasts.
+      Terms of Dome's proposed debt restructuring plan preclude
+  the company from making an accurate estimate of future
+  financing costs, which are used in the new accounting
+  calculations, it said.
+      As a result, Dome adopted current prices and costs and a 10
+  pct discount factor in the calculations, which substantially
+  conform with accounting rules prescribed by the U.S. Securities
+  and Exchange Commission, the company said.
+      Dome said operating income from its crude oil and natural
+  gas segments fell by 2.50 billion dlrs to a 1986 loss of 1.71
+  billion dlrs from prior year earnings of 737.0 mln dlrs.
+      Dome said the steep drop in crude oil and natural gas
+  operating income was due to write downs totalling 1.93 billion
+  dlrs and lower energy prices that sharply reduced revenue.
+      Reduced production of natural gas and lower utilization of
+  Dome's offshore drilling fleet in the Beaufort Sea also
+  contributed to the decline, it said.
+      Earnings from its natural gas liquids business fell by 79
+  pct to 42.0 mln dlrs from 199 mln dlrs in 1985.
+      Cash from operations dropped to 5.0 mln dlrs from year-ago
+  542.0 mln dlrs and unrestricted cash balance declined to 202.0
+  mln dlrs from 466.0 mln dlrs.
+      Dome said 1986 crude oil production in 1986 was maintained
+  at prior year's levels through new drilling activity and
+  improvements in productivity.
+      Natural gas production fell by nine pct as a result of
+  lower domestic and export sales, it said.
+      Oil and field natural gas liquids production totalled
+  86,000 barrels a day, compared to 87,000 bpd in the prior year.
+      Natural gas production fell to 536.0 mln cubic feet a day
+  from 591.0 mcf a day.
+  
+
diff --git a/reuters/training/11713 b/reuters/training/11713
new file mode 100644
index 0000000000000000000000000000000000000000..b77dbb970d0749e7d5a19c64063450eddeed80dc
--- /dev/null
+++ b/reuters/training/11713
@@ -0,0 +1,22 @@
+ORION CAPITAL CORP <OC> 4TH QTR LOSS
+  Shr loss 9.42 dlrs vs loss 3.85 dlrs
+      Net loss 55.5 mln vs loss 21.4 mln
+      Revs 114.9 mln vs 120.0 mln
+      Avg shrs 6,460,000 vs 5,719,000
+      Year
+      Shr loss 6.80 dlrs vs loss 4.77 dlrs
+      Net loss 36.0 mln vs loss 26.2 mln
+      Revs 478.9 mln vs 437.9 mln
+      Avg shrs 6,016,000 vs 5,713,000
+      Note: Net includes realized capital gains of 2,610,000 vs
+  2,442,000 for qtr and 18.1 mln vs 13.6 mln for year.
+      1986 net also includes gain on termination of pension plan
+  of 2,614,000 for qtr and year, and tax loss of 3,605,000 for
+  qtr. Includes pretax gain from sale of common stock in Guaranty
+  National Corp of 5,722,000 for year.
+      Revised estimated calculation of workers compensation
+  earned premiums decreased 1986 earned premiums by 10 mln.
+      Year-ago results restated to reflect deconsolidation of
+  Guaranty National.
+  
+
diff --git a/reuters/training/11714 b/reuters/training/11714
new file mode 100644
index 0000000000000000000000000000000000000000..106448edaa9855921dbe38da314c41af43e1ae76
--- /dev/null
+++ b/reuters/training/11714
@@ -0,0 +1,14 @@
+AVON PRODUCTS <AVP> SEES HIGHER 1987 EARNINGS
+  Avon Products Inc, the diversifed
+  conglomerate that had a strong turn around in 1986, said it
+  expects sales and earnings to climb higher this year.
+      In its annual report, the company also said it expects to
+  maintain its current annual two dlr dividend on the basis of
+  continued upward earnings.
+      In 1986, Avon's operational earnings rose 24 pct to 158.7
+  mln dlrs from 128.2 mln dlrs a year earlier, and sales rose 17
+  pct to 2.88 billion dlrs. It said the 2.23 dlrs a share earned
+  last year was the highest in five years, but still well below
+  the company's all-time high of 4.06 dlrs a share in 1979.
+  
+
diff --git a/reuters/training/11716 b/reuters/training/11716
new file mode 100644
index 0000000000000000000000000000000000000000..1d9ebd941ee91a438213b001aeccc2a1279597ea
--- /dev/null
+++ b/reuters/training/11716
@@ -0,0 +1,5 @@
+CHASE MANHATTAN RAISES PRIME RATE TO 7-3/4 PCT FROM 7-1/2, EFFECTIVE TODAY
+
+  CHASE MANHATTAN RAISES PRIME RATE TO 7-3/4 PCT FROM 7-1/2, EFFECTIVE TODAY
+  
+
diff --git a/reuters/training/11717 b/reuters/training/11717
new file mode 100644
index 0000000000000000000000000000000000000000..262e93fcc85ad8bacd94843be160923563d2d41c
--- /dev/null
+++ b/reuters/training/11717
@@ -0,0 +1,37 @@
+PACIFIC GAS <PCG> ACCOUNTING CHANGE TO CUT NET
+  Pacific Gas and Electric Co said
+  it expects to record a 470 mln dlr, or 1.25 dlr per share,
+  reduction in 1987 earnings because of the company's decision to
+  change the method used to record Diablo Canyon Nuclear Power
+  Plant revenues.
+      The accounting change will not affect the company's cash
+  position and the company intends to continue paying its
+  dividend at the annual rate of 1.92 dlrs per share.
+      Last year Pacific Gas reported earnings of 925 mln dlrs, or
+  2.60 dlrs per share.
+      Pacific Gas said the accounting change was prompted by
+  delays in the receipt of a California Public Utilities
+  Commission decision on the company's 1984 application for rate
+  relief to recover the 5.8 billion dlr cost of constructing
+  units one and two of the Diablo Canyon Nuclear Power Project.
+      It said the commission is currently allowing the company to
+  recover 40 pct of the cost of owning and operating the plants.
+      As a result, 63 mln dlrs has been accumulating each month
+  as deferred non-cash account receivable, which has been
+  included in current income.
+      But the accounting change, effective January 1, will
+  reflect only cash received through interim rates approved by
+  the commission, Pacific Gas and Electric said.
+      It also said the commission is now awaiting its Public
+  Staff Division's report which will recommend how much of the
+  5.8 billion dlr investment Pacific Gas should be allowed to
+  recover in rates.
+      The company further stated that it is confident it will
+  receive an objective review of the facts.
+      It also said it intends to seek additional interim rates.
+      Pacific Gas began construction of the two nuclear power
+  units in 1969. After a number of construction delays, unit one
+  went into operation in May 1985 and unit two went on line in
+  March last year.
+  
+
diff --git a/reuters/training/11721 b/reuters/training/11721
new file mode 100644
index 0000000000000000000000000000000000000000..9e99c5aff48998a3c66686549880ab4c145951c1
--- /dev/null
+++ b/reuters/training/11721
@@ -0,0 +1,12 @@
+GIANT FOOD INC <GFS.A> 4TH QTR FEB 28 NET
+  Shr 50 cts vs 66 cts
+      Net 15.0 mln vs 20.0 mln
+      Revs 861.2 mln vs 725.9 mln
+      Year
+      Shr 1.55 dlrs vsd 1.90 dlrs
+      Net 46.5 mln vs 57.0 mln
+      Revs 2.53 billion vs 2.25 billion
+      Note: 1986 had 53 weeks vs 52 weeks in 1985. 4th qtr 1986
+  had 17 weeks vs 16 weeks in 1985.
+  
+
diff --git a/reuters/training/11722 b/reuters/training/11722
new file mode 100644
index 0000000000000000000000000000000000000000..0eccddb4d2566fa71e37d6cc37c35d56d049d720
--- /dev/null
+++ b/reuters/training/11722
@@ -0,0 +1,15 @@
+INNOVEX <INVX> COMPLETES PURCHASE OF LUCHT
+  Innovex  Inc said it has completed
+  the purchase of substantially of the interest in Lucht
+  Engineering Inc that it did not already own.
+      Prior to this move Innovex owned 79 pct of Lucht, the
+  company said.
+      Innovex said it bought the shares by exchanging 293,101
+  shares of unregistered Innovex common stock. Innovex president,
+  Thomas Haley, said the exchange is non-dilutive and will cause
+  a slight increase in Innovex's fully diluted earnings per share
+  during the last half of fiscal 1987.
+      Lucht will continue to function as a unit of Innovex,
+  Innovex said.
+  
+
diff --git a/reuters/training/11723 b/reuters/training/11723
new file mode 100644
index 0000000000000000000000000000000000000000..13930ecf9c09dc0d252f6150cefb77c98cd465df
--- /dev/null
+++ b/reuters/training/11723
@@ -0,0 +1,13 @@
+OIL PRICES SAID NOW BASED ON FUTURES PRICE
+  Energy futures now set the
+  standard for oil pricing, said Arnold Safer, president of The
+  Energy Futures Group Inc, a consulting firm.
+       "Petroleum futures trading at the New York Mercantile
+  Exchange literally set spot market prices in the U.S.," he
+  said, adding that some oil products sellers now offer contracts
+  based on a daily average of NYMEX prices.
+       He also said that petroleum futures are a major market for
+  oil companies as well as for commodity traders. His remarks
+  were made at the National Petroleum Refiners Association.
+  
+
diff --git a/reuters/training/11724 b/reuters/training/11724
new file mode 100644
index 0000000000000000000000000000000000000000..23ec2d9f3c1c96b6e1c955916242091e11343817
--- /dev/null
+++ b/reuters/training/11724
@@ -0,0 +1,9 @@
+MCO RESOURCES INC <MCR> 4TH QTR LOSS
+  Shr loss 1.37 dlrs vs 1.59 dlrs
+      Net loss 38.6 mln vs 42.5 mln
+      Revs 31.4 mln vs 59.4 mln
+      Note: 1986 net includes pretax writedown of 23 mln on oil
+  and gas properties and a 30.3 mln non-cash provision for
+  impairment of geothermal property.
+  
+
diff --git a/reuters/training/11725 b/reuters/training/11725
new file mode 100644
index 0000000000000000000000000000000000000000..a0b62ad934a392b0c6cba1855c361cd94a1ddbce
--- /dev/null
+++ b/reuters/training/11725
@@ -0,0 +1,14 @@
+LINEAR FILMS <LNER> SEES LOWER FOURTH QTR NET
+  Linear Films Inc said it sees lower
+  earnings in the fourth quarter ending March 31 compared with a
+  year ago due to lower profit margins on stretch film from price
+  increases of polyethelene resin, a key raw material.
+      In last year's fourth quarter it earned 1,235,000 dlrs or
+  19 cts a share, a spokesman said.
+      The company said it is raising its stretch film prices by
+  six pct as of April 15 to reflect the higher costs of
+  polyethelene resin. It also said sale volume of stretch film in
+  the fourth quarter was lower than anticipated, although it has
+  returned to normal in recent weeks.
+  
+
diff --git a/reuters/training/11726 b/reuters/training/11726
new file mode 100644
index 0000000000000000000000000000000000000000..c964271eaa6a8602802235ce41c4882d25ecbe01
--- /dev/null
+++ b/reuters/training/11726
@@ -0,0 +1,16 @@
+AUDITORS QUALIFY MCO RESOURCES <MCR> REPORT
+  MCO Resources Inc said its independent
+  auditors have qualified their opinion on the company financial
+  statements for 1986, in which it posted a net loss of 38.6 mln
+  dlrs or 1.37 dlrs a share on revenues of 31.4 mln.
+      MCO said the qualfied opinion related to its realization of
+  the carrying amount of its geothermal property and its ability
+  to continue as an ongoing concern, which is dependent upon the
+  restructuring of the company's bank debt and other obligations,
+  resolution of the uncertainties surrounding its geothermal
+  operations and the success of future operations.
+      The company said its capital spending for 1987 has been
+  virtually eliminated and that an additional staff reduction of
+  about 20 pct is being implemented today.
+  
+
diff --git a/reuters/training/11727 b/reuters/training/11727
new file mode 100644
index 0000000000000000000000000000000000000000..e0bf1029ed53035eef40b0cdec68560e238add20
--- /dev/null
+++ b/reuters/training/11727
@@ -0,0 +1,7 @@
+INTERNATIONAL LEASE FINANCE <ILFC> 1ST QTR NET
+  Shr 22 cts vs 13 cts
+      Net 7,121,000 vs 4,481,000
+      Revs 37.4 mln vs 22.8 mln
+      Avg shrs primary 30,067,000 vs 29,735,000
+  
+
diff --git a/reuters/training/11728 b/reuters/training/11728
new file mode 100644
index 0000000000000000000000000000000000000000..c801ac32a88a53b1d6ca5ea6fcba2bdba3c6446f
--- /dev/null
+++ b/reuters/training/11728
@@ -0,0 +1,8 @@
+ARCO <ARC> SAYS NET TO COVER DIVIDEND PAYOUT
+  Atlantic Richfield Oil Co said it
+  expects first quarter net income to cover its dividend
+  requirements in the quarter.
+      The company paid a quarterly dividend of one dlr a share
+  earlier this month.
+  
+
diff --git a/reuters/training/11729 b/reuters/training/11729
new file mode 100644
index 0000000000000000000000000000000000000000..5fb3ab8de0398d560f45fa88d40a0629b0e7e173
--- /dev/null
+++ b/reuters/training/11729
@@ -0,0 +1,9 @@
+EGYPT TENDERS THURSDAY FOR OPTIONAL ORIGIN CORN
+  Egypt will tender Thursday for
+  200,000 tonnes of optional origin corn, U.S. number two or
+  equivalent, 14.5 pct moisture, for late April shipment, private
+  export sources said.
+      Shipment will be from the Gulf or Great Lakes if U.S.
+  origin, they said.
+  
+
diff --git a/reuters/training/1173 b/reuters/training/1173
new file mode 100644
index 0000000000000000000000000000000000000000..c25cf59c3d6508e6686d7dc2a862c08a89b16115
--- /dev/null
+++ b/reuters/training/1173
@@ -0,0 +1,13 @@
+KNUTSON MORTGAGE <KNMC> SEES STRONG SECOND QTR
+  Knutson Mortgage Corp said it
+  expects strong earnings performance for its initial fiscal
+  second quarter earnings ending March 31 since going public in
+  September 1986.
+      Albert Holderson, Knutson chairman, said he expects
+  earnings of about 40 cts per share for the quarter as a result
+  of a strong mortgage business during the quarter.
+      Knutson earlier declared a quarterly dividend of 10 cts a
+  share, versus 10 cts a share prior, payable April 13 to
+  shareholders of record March 13.
+  
+
diff --git a/reuters/training/11730 b/reuters/training/11730
new file mode 100644
index 0000000000000000000000000000000000000000..f1f9ea5030f5b68a7c22394ae1b966b1754beab2
--- /dev/null
+++ b/reuters/training/11730
@@ -0,0 +1,8 @@
+SERVOTRONICS <SVT> SETS 10 PCT STOCK DIVIDEND
+  Servotronics Inc said it declared
+  a 10 pct stock dividend, payable May 15 to shareholders of
+  record April 21.
+      The company last declared a stock dividend, also 10 pct, in
+  March 1986.
+  
+
diff --git a/reuters/training/11731 b/reuters/training/11731
new file mode 100644
index 0000000000000000000000000000000000000000..68237e59aaf0b0cb24b303368f4757db92696d0d
--- /dev/null
+++ b/reuters/training/11731
@@ -0,0 +1,5 @@
+STANDARD OIL RAISES ALASKA NORTH SLOPE BY 1.50 DLRS, effective APRIL ONE
+
+  STANDARD OIL RAISES ALASKA NORTH SLOPE BY 1.50 DLRS, effective APRIL ONE
+  
+
diff --git a/reuters/training/11733 b/reuters/training/11733
new file mode 100644
index 0000000000000000000000000000000000000000..e82f82a91490bb080a2ce317f2b7c50e86835203
--- /dev/null
+++ b/reuters/training/11733
@@ -0,0 +1,7 @@
+SERVOTRONICS INC <SVT> YEAR NET
+  Oper shr 50.4 cts vs 48.7 cts
+      Oper net 688,000 vs 665,000
+      Revs 12.3 mln vs 10.7 mln
+      Note: Oper excludes tax credits of 559,000 vs 537,000
+  
+
diff --git a/reuters/training/11734 b/reuters/training/11734
new file mode 100644
index 0000000000000000000000000000000000000000..7da9e627abd6f0b6cc57c30662509152b74589e1
--- /dev/null
+++ b/reuters/training/11734
@@ -0,0 +1,52 @@
+CURRENCY FUTURES CLIMB LIKELY TO BE CHECKED
+  The surge in currency futures since
+  Friday on the heels of the Reagan administration's proposed
+  tariffs on Japanese imports is likely to be curtailed in the
+  coming week, financial analysts said.
+      "The market is taking a breather now, and I would expect it
+  to last a little longer," said Craig Sloane, a currency analyst
+  with Smith Barney, Harris, Upham and Co.
+      Profit-taking, which robbed the currency futures of some
+  momentum today, is likely to continue, he said.
+      Central banks are likely to play a role in halting the
+  advance in currencies through intervention, the analysts said,
+  even though the dollar fell to a 40-year low against the
+  Japanese yen on Monday despite Bank of Japan intervention.
+      Treasury Secretary James Baker's comments that the G-6
+  nations remain committed to the Paris accord, coupled with his
+  refusal to give any targets for exchange rates, provided a note
+  of stability to the market Tuesday, the analysts said.
+      Furthermore, Merrill Lynch Economics analyst David Horner
+  said G-6 central banks haven't yet shown the full force of
+  their commitment to the Paris accord.
+      "I'm among those who believe the G-6 have a plan behind the
+  scenes," Horner said.
+      Horner said more forceful central bank intervention will
+  firm the dollar and cap the rise in currency futures.
+      "Coordinated, punishing intervention" by the central banks
+  -- in contrast to the recent rolling intervention which has
+  only smoothed out the market -- is in the offing, according to
+  Horner.
+      "I think we're near the top of the range in the Europeans
+  (currencies)," he said.
+       On the other hand, the upside target for the yen, which
+  set a new contract high today at 0.006916 in the June contract,
+  is at 0.007050, Horner said.
+      Still, other analysts believe currency futures have yet to
+  peak.
+      "The basic trend in the currencies is higher," said Anne
+  Parker Mills, currency analyst with Shearson Lehman Brothers
+  Inc. "The market wants to take the dollar lower."
+      Uncertainty over central bank action and nervousness over a
+  G-5 meeting next week in advance of a meeting of the
+  International Monetary Fund could make for choppy price
+  activity the remainder of the week, Mills said.
+      In addition, although the market shrugged off relatively
+  healthy gains in February U.S. leading economic indicators and
+  factory orders Tuesday, economic data could play a larger role
+  in coming sessions, the analysts said.
+      Friday's employment statistics in particular will be
+  closely watched, Sloane said, adding that a forecast rise of
+  250,000 in non-farm payroll jobs should underpin the dollar.
+  
+
diff --git a/reuters/training/11736 b/reuters/training/11736
new file mode 100644
index 0000000000000000000000000000000000000000..a70a3e9fb44d1bedce1d397a5ef12d89c0a0cdda
--- /dev/null
+++ b/reuters/training/11736
@@ -0,0 +1,6 @@
+<POCO PETROLEUMS LTD> 1ST QTR JAN 31 NET
+  Shr eight cts vs 30 cts
+      Net 1,100,000 vs 3,900,000
+      Revs 14.9 mln vs 20.7 mln
+  
+
diff --git a/reuters/training/11738 b/reuters/training/11738
new file mode 100644
index 0000000000000000000000000000000000000000..0b2150de85f4a6bb69a37ca1f80af901e12b2b60
--- /dev/null
+++ b/reuters/training/11738
@@ -0,0 +1,12 @@
+LILLY <LLY> CUTS LIPOSOME CO <LIPO> STAKE
+  Eli Lilly and Co told the Securities
+  and Exchange Commission it cut its stake in Liposome Co Inc to
+  500,000 shares, or 4.0 pct of the total outstanding common
+  stock, from 900,000 shares or 7.3 pct.
+      Lilly said it sold 400,000 Liposome common shares on March
+  17 at eight dlrs each.
+      As long as Lilly's stake in Liposome is below five pct, it
+  is not required to report any further dealings it has in the
+  company's stock.
+  
+
diff --git a/reuters/training/11739 b/reuters/training/11739
new file mode 100644
index 0000000000000000000000000000000000000000..1d5247708000711c235665108830f2fed34434b8
--- /dev/null
+++ b/reuters/training/11739
@@ -0,0 +1,55 @@
+GRAIN REPORTS IMPROVE U.S. FARM OUTLOOK-ANALYSTS
+  The U.S. grain planting intentions and
+  stocks reports bear optimistic news for U.S agriculture, a
+  grain analyst on a Chicago Board of Trade panel said.
+      The decline in intended soybean acreage and lower stocks
+  are "the first report we've had for a long time that shows any
+  optimism for anybody," said John "Bud" Frazier, grain analyst
+  and executive vice president for Balfour MacLaine, Inc.
+      "I'm really excited about it," Frazier said.
+      The U.S. Department of Agriculture said farmers intend to
+  plant 67.6 mln acres of corn, down from 76.7 mln planted last
+  year, and 56.8 mln acres of soybeans, down from 61.5 mln.
+      The report showed March 1 stocks of 1.4 billion bushels of
+  soybeans, 8.3 billion bushels of corn, and 2.3 billion bushels
+  of wheat, all below trade guesses.
+      Frazier was joined by Susan Hackmann, senior grain analyst
+  with AgriAnalysis, and Mark Meyer, a grain analyst with
+  Shearson Lehman Brothers, Inc., on a Chicago Board of Trade
+  panel to discuss the reports.
+      Frazier said the stocks reports in particular were friendly
+  for the market, and soybean prices would jump three to five
+  cents a bushel "if the bell rang right now."
+      "We're getting our disappearance up. We have less (corn and
+  soybeans) than we thought we had," he said, noting that hog and
+  poultry production is up.
+      "We're seeing low prices generate some interest in demand,"
+  said Meyer, adding that feed use was up 13 pct last quarter and
+  15 pct in the preceding quarter.
+      However, Hackmann said production could continue to exceed
+  consumption.
+      She noted that most of the reductions in soybean acres came
+  in southeastern states, where yields are usually low.
+      "We have the potential for record breaking soybean yields
+  this year, (which) will temper the enthusiasm on tomorrow's
+  opening," she said.
+      Hackmann said record corn yields also are possible, and the
+  crop could reach 7.1 billion bushels, which would be down from
+  last year's 8.25 billion bushels.
+      "We'll need very good disappearance next year to reduce
+  stocks," she said. The USDA estimated disappearance last year
+  at 6.7 billion bushels.
+      Hackmann said the stocks report was positive for the long
+  term, "But we still have a long way to go to bring stocks down
+  to where we could start rebuilding prices."
+      Frazier also cautioned that the soybean acreage report
+  could prompt farmers to change their plans and plant more
+  soybeans.
+      The panelists agreed that the reports should discourage
+  talk of revising the 1985 farm bill.
+      "There seems to be no desire ... to change the farm law
+  we're working under today, and this report should reinforce
+  that," Frazier said.
+      "We are seeing the program beginning to work," said Meyer.
+  
+
diff --git a/reuters/training/1174 b/reuters/training/1174
new file mode 100644
index 0000000000000000000000000000000000000000..644a0e84d4361d834c40bccaa006884084eb7775
--- /dev/null
+++ b/reuters/training/1174
@@ -0,0 +1,14 @@
+DANISH RESERVES RISE IN FEBRUARY
+  Denmark's net official reserves rose
+  to 36.34 billion crowns in February from 28.00 billion in
+  January, against a revised 45.85 billion in February 1986, the
+  central bank said in its monthly balance sheet report.
+      Total net reserves, including reserves held by commercial
+  and major savings banks, rose to 38.26 billion crowns from
+  30.11 billion in January compared with a revised 35.99 billion
+  in February last year.
+      The bank said provisional figures showed net registered
+  private and public capital imports of 10.3 billion crowns in
+  February.
+  
+
diff --git a/reuters/training/11743 b/reuters/training/11743
new file mode 100644
index 0000000000000000000000000000000000000000..8d6af1df8bc09bc530bf3bd2d67b5e666140956f
--- /dev/null
+++ b/reuters/training/11743
@@ -0,0 +1,19 @@
+ACCELERATION <ACLE> CUTS STAKE IN UNITED COASTS
+  Acceleration Corp said it sold a
+  24.9 pct stake in the common stock of <United Coasts Corp> to
+  the <Sheet Metal Workers' National Pension Fund>.
+      The company said it agreed to sell the fund an additional
+  5.1 pct of Hartford, Conn.-based United when the fund receives
+  approval from the director of insurance of the state of
+  Arizona.
+     The company said today's sale reduced its holdings in United
+  to 25 pct. The second sale, when completed, will lower its
+  stake to 19.9 pct, Acceleration said.
+      The company said the proceeds from both sales will be
+  roughly equal to the 3,330,000 dlrs it originally invested in
+  United Coasts in late 1985 even though it will retain a 19.9
+  pct stake.
+      Acceleration said it plans to include gains from the stock
+  sales in its results for the first and second quarters of 1987.
+  
+
diff --git a/reuters/training/11744 b/reuters/training/11744
new file mode 100644
index 0000000000000000000000000000000000000000..a83321bca8965c854d468ea520e6fa1a0af014c0
--- /dev/null
+++ b/reuters/training/11744
@@ -0,0 +1,12 @@
+OPPENHEIMER SELLS SIX PCT CYCLOPS <CYL> STAKE
+  Oppenheimer, the brokerage and
+  investment subsidiary of Oppenheimer Group Inc, told the
+  Securities and Exchange Commission it sold its entire 6.0 pct,
+  stake of Cyclops Corp.
+      Oppenheimer said it sold the 243,400-share stake on March
+  27 at 95.00 dlrs a share.
+      It said it initially bought the stock in connection with
+  risk arbitrage and other investment activities in the ordinary
+  course of its business.
+  
+
diff --git a/reuters/training/11746 b/reuters/training/11746
new file mode 100644
index 0000000000000000000000000000000000000000..d470c6da7fe570a141fa4440d972dd8807fc2f7f
--- /dev/null
+++ b/reuters/training/11746
@@ -0,0 +1,78 @@
+ANALYSTS SEE SLOW MOVE TO HIGHER U.S. PRIME RATE
+  Quarter-point prime rate increases to
+  7-3/4 pct by Citibank and Chase Manhattan Bank today will be
+  followed by other banks only after they see clearer signs of
+  the Federal Reserve's policy intentions, economists said.
+      "Based on the spread between banks' cost of funds and the
+  prime rate, it probably makes sense for others to follow, but
+  no rush is likely," said Paul McCulley of E.F. Hutton and Co.
+      Citibank's surprise base rate increase, quickly followed by
+  Chase, sent U.S. bond prices lower and the dollar higher.
+      McCulley said that once the spread between three-month
+  certificates of deposit and the prime rate narrows to less than
+  1-1/2 percentage points, there is a strong chance of a prime
+  rate increase. It has been under 1-1/4 points recently.
+      However, banks are likely to hold rate increases until they
+  see what the Fed intends to do about interest rates in the near
+  term, analysts said. They noted that banks historically like to
+  follow Fed rate movements, rather than lead them. For example,
+  the last prime rate increase occurred in June 1984 when banks
+  lifted the rate to 13 pct from 12-1/2 pct after a Fed discount
+  rate increase in April of that year.
+      Major banks had been posting a 7-1/2 pct prime rate since
+  last August 26/27, when they lowered the rate from eight pct
+  shortly after the Fed's half-point discount rate cut to the
+  current 5-1/2 pct level on August 20.
+      "The banks will not rush to raise their prime rates. There
+  should be a split prime for a while with some posting a 7-1/2
+  pct rate and others 7-3/4 pct," said David Jones of Aubrey G.
+  Lanston and Co.
+      Jones said the Federal Open Market Committee at today's
+  meeting voted no change in Fed policy. But he said the Fed may
+  well foster higher interest rates soon.
+      Jones said that, while the FOMC probably voted no policy
+  change today, it may have decided to apply slight upward rate
+  pressure later if the dollar weakens, inflation pressures heat
+  up or the economy shows sign of strong recovery.
+      "The Fed clearly indicated that they did not intend to
+  tighten policy when they did today's coupon pass," said Joseph
+  Liro of S.G. Warburg and Co.
+      In a move that came a day earlier than most expected, the
+  Fed today supplied permanent reserves to the banking system by
+  offering to buy all maturities of Treasury notes and bonds for
+  its own account. This seasonal reserve add is called a "pass."
+      "The Fed demonstrated that there has been no policy
+  change," said Elizabeth Reiners, economist at Dean Witter
+  Reynolds Inc. 
+      She said the spread between banks' cost of funds and the
+  prime rate is now around 137 basis points compared with a 153
+  basis point average in 1986. Reiners said the spread is not
+  really narrow enough to present a clear need for a prime rate
+  increase.
+      The Dean Witter economist said that today's prime rate rise
+  "may have been less a response to interest rates than an
+  attempt to enhance the (balance sheet) bottom line."
+      Reiners said that, given recent problems with loans to
+  developing countries, large money center banks with heavy
+  exposures might be the first to match the higher prime rate in
+  an effort to get more profitable spreads on other loans.
+      The Federal funds rate at which banks lend overnight money
+  to one another could help determine how many banks match the
+  higher prime rate and also how quickly they move.
+      In raising their prime rates, banks cited a higher cost of
+  funds. In the three business days through Monday, the Federal
+  funds rate at which banks lend to one another averaged nearly
+  6-1/4 pct. But quarter end pressures helped push up funds.  
+      The Fed funds rate was extremely volatile today, reflecting
+  demand pressure associated with the end of the quarter and the
+  close of the Japanese fiscal year. Funds traded between five
+  and 6-3/4 pct.
+      Once the special distortions end, analysts said the funds
+  rate probably will return to its recent trading level in the
+  6-1/8 pct area. They said that, if it stabilizes near there,
+  banks may not quickly boost their prime rates.
+      But a consistently higher funds rates would suggest to many
+  that the Fed was fostering somewhat higher interest rates to
+  help the dollar. Then banks would lift prime rates quickly.
+  
+
diff --git a/reuters/training/11748 b/reuters/training/11748
new file mode 100644
index 0000000000000000000000000000000000000000..aaa452943447ee4c9c078d123c475831839e55c6
--- /dev/null
+++ b/reuters/training/11748
@@ -0,0 +1,14 @@
+TISCH BROTHERS LOWER TOSCO <TOS> STAKE
+  An investment partnership led by
+  four sons of Loews Corp <LTR> Chairman Lawrence Tisch said it
+  cut its Tosco Corp stake to the equivalent of 1,499,985 shares,
+  or 4.95 pct of the total, from 1,666,650 shares, or 5.5 pct.
+      In a filing with the Securities and Exchange Commission,
+  the partnership, FLF Associates, said it sold 10,000 shares of
+  Serier E convertible preferred stock on March 26 for 34.125
+  dlrs each and 5,000 shares of preferred stock on March 27 at
+  35.25 dlrs each. The sales leave the Tisch brothers with
+  135,000 shares of preferred stock which can be converted into
+  1,499,985 shares of common stock.
+  
+
diff --git a/reuters/training/11750 b/reuters/training/11750
new file mode 100644
index 0000000000000000000000000000000000000000..471bf4a4ea70a3c88a87538aa4e97b693cf3c326
--- /dev/null
+++ b/reuters/training/11750
@@ -0,0 +1,6 @@
+NATURE'S BOUNTY INC <NBTY> YEAR LOSS
+  Shr loss 10 cts vs loss 38 cts
+      Net loss 393,241 vs loss 1,384,334
+      Revs 43.6 mln vs 40.3 mln
+  
+
diff --git a/reuters/training/11751 b/reuters/training/11751
new file mode 100644
index 0000000000000000000000000000000000000000..2b3296897e261d21e6af2e810487962e48cec013
--- /dev/null
+++ b/reuters/training/11751
@@ -0,0 +1,12 @@
+COMINCO <CLT> SELLS STAKE IN CANADA METAL
+  Cominco Ltd said it
+  sold its 50 pct stake in Canada Metal Co Ltd to Canada Metal
+  senior management for an undisclosed sum.
+      Cominco said the sale was part of its previously announced
+  policy of divesting non-core businesses.
+      Canada Metal is a Toronto-based producer of lead alloys and
+  engineered lead products.
+      Canada Metal production figures were not immediately
+  available.
+  
+
diff --git a/reuters/training/11752 b/reuters/training/11752
new file mode 100644
index 0000000000000000000000000000000000000000..e172ca3c45fcf098df45676bb6a90ed2ba9f6f10
--- /dev/null
+++ b/reuters/training/11752
@@ -0,0 +1,67 @@
+AUDITORS GIVE FIRST CITY <FBT> QUALIFIED OPINION
+  First City Bancorp of Texas, which lost
+  a record 402 mln dlrs in 1986, said in its annual report it
+  expected operating losses to continue "for the foreseeable
+  future" as it continues to search for additional capital or a
+  merger partner.
+      The Houston-based bank's 1986 financial statements received
+  a qualified opinion from its auditors, Arthur Andersen and Co.
+  The auditors said their opinion was subject to First City
+  eventually obtaining additional capital.
+      "The company believes that in order to address its
+  long-term needs and return to a satisfactory level of
+  operations, it will ultimately need several hundred million
+  dollars of additional capital, or a combination with a more
+  strongly capitalized entity," First City said in a note to its
+  financial statements included in the annual report.
+      "Management believes that sufficient resources should be
+  available to cover interim capital concerns while additional
+  capital is being sought," the bank said.
+      To raise cash in the near-term, First City said it may sell
+  or mortgage non-strategic assets, recover excess contributions
+  to its pension plan and obtain special dividends from some of
+  its member banks.
+      "The losses for 1987 are expected to be substantially less
+  than in 1986," First City chairman J.A. Elkins said in a letter
+  included in the annual report. "However, the ultimate return to
+  satisfactory operating conditions is dependent on the
+  successful resolution of the related problems of credit
+  quality, funding and the eventual need for substantial
+  additional capital."
+      First City said it anticipated that certain covenants of a
+  credit agreement with unaffiliated banks requiring most of
+  First City's excess cash to be applied to debt repayments would
+  be modified by the end of the first quarter in order to avoid
+  default.
+      The banks agreed to similar amendments to the covenants
+  last year and First City has reduced its borrowings from 120
+  mln dlrs at 1986 yearend to 68.5 mln dlrs in recent weeks.
+      Although the parent company's capital adequacy ratios
+  exceeded regulatory minimum requirements at the end of 1986,
+  First City said its two largest subsidiaries did not. First
+  City National Bank of Houston had a primary capital ratio of
+  5.34 pct and First City Bank of Dallas had a 4.75 pct ratio.
+      Hard-hit by the collapse in oil and Texas real estate
+  prices, First City's net loan chargeoffs totaled 366 mln dlrs
+  last year, up from 261 mln dlrs in 1985. The bank more than
+  doubled its loan loss provision to 497 mln dlrs at the end of
+  1986.
+      First City said chargeoffs and paydowns reduced its total
+  energy loan portfolio by 32 pct during 1986, to 1.4 billion
+  dlrs at year-end, adding that future energy chargeoffs "should
+  be more modest." The amount represented 15 pct of First City's
+  total loans.
+      In real estate, First City said its nonperforming assets
+  nearly doubled last year to 347 mln dlrs at year-end.
+  Chargeoffs of real estate loans rose to 32 mln dlrs, or nine
+  pct of total loan chargeoffs, and the bank said the amount
+  could go higher.
+      "The company still faces uncertainties in the real estate
+  market and anticipates further deterioration in the pportfolio
+  so long as the regional recession persists," First City said.
+  "Because the carrying value of many of these loans is
+  collateral dependent, a further decline in the overall value of
+  the collateral base could cause an increase in the level of
+  real estate-related chargeoffs."
+  
+
diff --git a/reuters/training/11753 b/reuters/training/11753
new file mode 100644
index 0000000000000000000000000000000000000000..62bf5d11475a8e8aff21d60356fae36afc4b050a
--- /dev/null
+++ b/reuters/training/11753
@@ -0,0 +1,94 @@
+U.S. FED EXPLORES COMMODITY BASKET INDEX
+  The complex task of wielding control
+  over monetary policy in an increasingly fast-moving global
+  economy could be aided by tying policy to commodity prices, the
+  newest member of the Federal Reserve Board says.
+      Commodity prices are already considered by the Fed in the
+  making of monetary policy. But they would be given a much
+  greater role under an idea being floated by Governor Robert
+  Heller, who joined the board last August.
+      He conceeds that much more study of the idea is needed, but
+  argues that such an arrangement, particularly if it were
+  adopted by other major industrial countries, could reduce the
+  volatility of exchange rates.
+      Moreover, it could help stabilize of the prices of
+  commodities themselves, slowing changes in inflation.
+      His idea, which many conservative economists find
+  appealing, has some backing among board members appointed in
+  recent years by President Reagan.
+      It would complement the present system of opening or
+  closing the monetary screws based on the pattern of inflation,
+  key indicators such as unemployment, and the rise or fall of
+  the money supply. Changes in the money supply can lead to
+  changes in interest rates and affect economic activity
+  directly.
+      Discussed on and off for a long time, the commodity concept
+  is part of a growing search for a system that anchors monetary
+  policy and widely-fluxtuating currency prices to a more solid
+  base.
+      "What is needed is an anchor or reference point that can
+  serve as a guide for both domestic and international monetary
+  purposes," says Heller.
+      In the past, this anchor was gold but the United States
+  went off the gold standard because the global economy had
+  vastly outstripped gold supplies.
+      A return to the gold standard is generally dismissed out of
+  hand by most policymakers on the grounds that the largest
+  producers of gold are the Soviet Union and South Africa.
+      The so-called fixed rate system, scuttled in the early
+  1970s, is still considered unworkable in the present world.
+      But the current system of floating currencies in which
+  currencies can fluxtuate widely, adding vast pressures to the
+  monetary system, is also being widely questioned.
+      Some have suggested that the system might benefit from a
+  formal approach that mandates intervention by countries when
+  currencies wander above or below agreed to levels but there are
+  major problems with this also.
+      For one thing, there is justifiable concern that countries
+  might be relunctant to intervene if they felt it might be
+  detrimental to their own domestic economy.
+      Moreover, some question whether concerted intervention can
+  make much of an inpact if the overall market does not agree
+  with the fundamental judgement.
+      The poorest countries have called for a monetary conference
+  to work out a new system that, not surprisingly, helps them
+  cope with their overpowering debt problems.
+      Treasury Secretary James Baker, the Reagan administration's
+  chief economic architect, has preferred to use the so-called
+  Group of Five industrial countries or sometimes, Seven, as a
+  forum to work out cooperative agreements on currency and other
+  economic matters.
+     He appears convinced that officials from West Germany,
+  France, Britain, Japan, Italy and Canada talking quietly behind
+  closed doors can reached reasoned decisions away from public
+  posturing.
+     The Heller approach, while extremely complex, could have a
+  profound impact on the system, ideally stabalizing prices and
+  international exchange rates.
+      As envisioned by Heller, a basket of say, 30 major
+  commodities ranging from wheat to oil, would be put together
+  and prices would be measured on a regular basis.
+      "In times of rising commodity prices, monetary policy might
+  be tightened and in times of falling commodity prices, montary
+  policy might be eased," he says.
+      He notes that commodity prices are traded daily in auction
+  markets, and a commodity price index can be calculated on a
+  virtually continuous basis.
+      Moreover, most commodity prices are produced, consumed and
+  traded on a world-wide basis, so "that an index has a relevance
+  for the entire world," he says.
+      In addition, commodity prices are at the beginning of the
+  production chain and serve as an imput into virtually all
+  production processes.
+      "Focusing on commodity prices as an early and sensitive
+  indicator of current and perhaps also future prices pressures,
+  the monetary authorities may take such an index into account in
+  making their monetary policy decisions," he says.
+      However, he says that any major change in a basic commodity
+  such as occurred in oil during the 1970s because of action by
+  the OPEC cartel, would have to be discounted in such a system.
+      He says the worst thing that could happen is to allow
+  monetary policy to spread a freakish increase in one commodity
+  to the rest of the system and to other commodities.
+  
+
diff --git a/reuters/training/11754 b/reuters/training/11754
new file mode 100644
index 0000000000000000000000000000000000000000..c36ec0a4c3240e2fabbcf6a2b0218d233f5f3a24
--- /dev/null
+++ b/reuters/training/11754
@@ -0,0 +1,12 @@
+MICROBIOLOGICAL SCIENCES INC <MBLS>4TH QTR LOSS
+  Oper shr loss 10 cts vs profit nine cts
+      Oper net loss 387,000 vs profit 313,000
+      Revs 6,486,000 vs 5,613,000
+      Year
+      Oper shr loss two cts vs profit four cts
+      Oper net loss 96,000 vs profit 120,000
+      Revs 23.8 mln vs 21.3 mln
+      Note: 1986 oper excludes extraordinary gains of 299,000 for
+  qtr and year.
+  
+
diff --git a/reuters/training/11755 b/reuters/training/11755
new file mode 100644
index 0000000000000000000000000000000000000000..da57627288339035fd9c14c8fbe01837ec73aca2
--- /dev/null
+++ b/reuters/training/11755
@@ -0,0 +1,14 @@
+INVESTOR GROUP CUTS DBA SYSTEMS <DBAS> STAKE
+  A group led by New York investors
+  David Bellet and Chester Siuda said it lowered its stake in DBA
+  Systems Inc to 100,000 shares, or 3.7 pct of the total
+  outstanding, from 170,000 shares, or 6.3 pct.
+      In a filing with the Securities and Exchange Commission,
+  the group said it sold 70,000 DBA common shares between Feb 13
+  and March 23 at prices ranging from 18.25 to 20.00 dlrs a
+  share.
+      So long as the group's stake in DBA is below five pct, it
+  is no longer required to report its further dealings in the
+  company's common stock.
+  
+
diff --git a/reuters/training/11756 b/reuters/training/11756
new file mode 100644
index 0000000000000000000000000000000000000000..a2a7b4ec33885bd2209033dec4f16e0156aaeed5
--- /dev/null
+++ b/reuters/training/11756
@@ -0,0 +1,6 @@
+LOWELL INSTITUTION FOR SAVINGS <LIFS> QTLY DIV
+  Qtly div 7.5 cts vs 7.5 cts prior
+      Pay May 19
+      Record April 24
+  
+
diff --git a/reuters/training/11758 b/reuters/training/11758
new file mode 100644
index 0000000000000000000000000000000000000000..cc4c816960e62ad3c85aeafc3f75cb979a0f0d71
--- /dev/null
+++ b/reuters/training/11758
@@ -0,0 +1,10 @@
+EARTHWORM TRACTOR CO INC <WORM> YEAR LOSS
+  Oper shr loss 11 cts vs profit two cts
+      Oper net loss 1,058,585 vs profit 282,998
+      Revs 24.4 mln vs 23.7 mln
+      Note: 1986 oper includes accrued interest of 686,914 from
+  financing of capital goods transaction with Prudential Bache
+  Trade Corp.
+      Year-ago oper excludes extraordinary gain of 121,000.
+  
+
diff --git a/reuters/training/1176 b/reuters/training/1176
new file mode 100644
index 0000000000000000000000000000000000000000..936897f20ed96fb417361d0213db8d788e9eab54
--- /dev/null
+++ b/reuters/training/1176
@@ -0,0 +1,11 @@
+INTERMEDICS INC <ITM> 1ST QTR FEB ONE NET
+  Oper shr 26 cts vs 18 cts
+      Oper net 2,877,000 vs 1,838,000
+      Revs 44.3 mln vs 40.8 mln
+      NOTE: Current 1st qtr oper net excludes operating loss
+  carryforward of 1,694,000 or 16 cts per share. 1986 1st qtr
+  oper net excludes loss carryforward of 78,000 dlrs or one ct
+  per share and loss from discontinued operations of 475,000
+  dlrs.
+  
+
diff --git a/reuters/training/11762 b/reuters/training/11762
new file mode 100644
index 0000000000000000000000000000000000000000..ba0ec3c06f0e099b552a4b85b22b937bdfbc9b33
--- /dev/null
+++ b/reuters/training/11762
@@ -0,0 +1,5 @@
+EMERY AIR FREIGHT CORP TO OFFER 40 DLRS/SHR FOR PUROLATOR COURIER CORP
+
+  EMERY AIR FREIGHT CORP TO OFFER 40 DLRS/SHR FOR PUROLATOR COURIER CORP
+  
+
diff --git a/reuters/training/11763 b/reuters/training/11763
new file mode 100644
index 0000000000000000000000000000000000000000..cfdf9661836223286ffccd62a2df61e7fe16ada9
--- /dev/null
+++ b/reuters/training/11763
@@ -0,0 +1,56 @@
+EMERY AIR <EAF> TO BID FOR PUROLATOR <PCC> 
+  Emery Air Freight Corp said it
+  plans to begin tomorrow a 40 dlr a share tender offer for 83
+  pct of the outstanding common stock of Purolator Courier Corp.
+      The company said the tender offer is the first step in a
+  plan to buy 100 pct of the Purolator shares.
+      Following the tender offer, Emery said it would offer 40
+  dlrs of junior subordinated debentures for each remaining
+  Purolator share outstanding.
+      On March one, Purolator agreed to a 35 dlr a share
+  leveraged buyout by eight Purolator executives and EF Hutton
+  LBO Inc, a unit of EF Hutton Group Inc.
+      Emery said it had tried unsuccessfully to open merger
+  discussions with Purolator before the company accepted the
+  management-led buyout offer.
+      In a letter to Purolator's chairman, Nicholas F. Brady,
+  Emery's chairman, John C. Emery, said the company would still
+  prefer to negotiate with Purolator.
+      But he said the imminent expiration of the leveraged buyout
+  group's offer has forced the company to make an unsolicited
+  tender offer of its own.
+      Emery said its offer is scheduled to expire at 2400 EST on
+  April 28, unless extended.
+      The company said conditions of the offer include the
+  receipt of at least two-thirds of Purolator's shares
+  outstanding, on a fully diluted basis, and the repeal of its
+  share purchase rights plan.
+      Emery said the offer is also subject to completion of the
+  previously announced sale of Purolator's Canadian operations.
+      Emery said Chemical Bank, Bankers Trust, Morgan Guaranty
+  Trust Co and Salomon Bros had agreed to provide financing for
+  the tender offer.
+      It said the junior subordinated debentures to be issued in
+  the subsequent merger will carry a 13 pct annual interest rate,
+  payable twice a year.
+      For the first three years after the notes are issued,
+  interest will be paid, at Emery's option, in cash or in
+  additional notes, Emery said.
+      It added that the notes will not be subject to redemption
+  for one year after they are issued.
+      Emery said Purolator would operate as a wholly owned unit
+  of the company after the merger. It said it hoped Purolator's
+  management would continue with the company.
+      "We believe that our two companies provide an excellent fit
+  with each other and that the combination will enable each of us
+  to better serve our existing customers and meet the challenges
+  of the future," Emery's chairman said in his letter.
+      He said a merger would significantly enhance the financial
+  turnaround that Purolator's management had previously forecast.
+      Officials at Purolator could not immediately be reached for
+  comment on the offer, which was released several hours after
+  the stock market had closed.
+      Emery's stock closed up 1/2 at 12-5/8.
+      Purolator closed at 34-7/8, off 5/8.
+  
+
diff --git a/reuters/training/11764 b/reuters/training/11764
new file mode 100644
index 0000000000000000000000000000000000000000..7c1b47d805196345b5ba5bd78eaac21f3182abe4
--- /dev/null
+++ b/reuters/training/11764
@@ -0,0 +1,5 @@
+Bank of Japan buys dollars around 146.30 yen, dealers say
+
+  Bank of Japan buys dollars around 146.30 yen, dealers say
+  
+
diff --git a/reuters/training/11765 b/reuters/training/11765
new file mode 100644
index 0000000000000000000000000000000000000000..1911067cc896667f19ea1ea28e5e6202f0b17093
--- /dev/null
+++ b/reuters/training/11765
@@ -0,0 +1,23 @@
+AUSTRALIAN BROAD MONEY GROWTH 10.3 PCT IN FEBRUARY
+  Australian annual broad money growth rose
+  10.3 pct in February, unchanged from January, but down from the
+  corresponding February growth rate of 13.9 pct, the Reserve
+  Bank said.
+      February broad money growth was steady at 0.7 pct from the
+  previous month and unchanged from February last year.
+      Borrowings from the private sector by non-bank financial
+  intermediaries rose by 8.8 pct in the February year from
+  January's 9.5 pct rise, compared with a 13.6 pct increase in
+  the previous February year.
+      In February, borrowings from the private sector by non-bank
+  financial intermediaries rose by 1.0 pct compared with
+  January's 0.2 pct increase and the previous February rise of
+  1.7 pct.
+      At the end of February, broad money stood at 177.1 billion
+  dlrs up from January's 175.84 billion and compared with the
+  previous February level of 160.60 billion.
+      The Reserve Bank last week reported a February M3 growth
+  rate of 11.2 pct from January's 10.7 pct rise and a previous
+  annual February increase of 14.0 pct.
+  
+
diff --git a/reuters/training/11767 b/reuters/training/11767
new file mode 100644
index 0000000000000000000000000000000000000000..30561d6e8efcacd577c655d529f4216ede22377b
--- /dev/null
+++ b/reuters/training/11767
@@ -0,0 +1,6 @@
+ALCAN AUSTRALIA LIFTS ALUMINIUM INGOT PRICE
+  Alcan Australia Ltd said it increased the
+  list price of 99.5 pct purity aluminium ingot to 2,050 dlrs a
+  tonne from 1,950 dlrs, effective immediately.
+  
+
diff --git a/reuters/training/11768 b/reuters/training/11768
new file mode 100644
index 0000000000000000000000000000000000000000..e0c2b68dffe00c79118f3b371208acdcae64dcaf
--- /dev/null
+++ b/reuters/training/11768
@@ -0,0 +1,86 @@
+ECONOMIC SPOTLIGHT - CHINA MUST PRESERVE FARMLAND
+  "If we go on using up
+  farmland as we have done since 1980, there will be none left in
+  20 years to grow grain on."
+      Xu Jinfeng, a middle-aged official in Fengbang village on
+  the edge of Shanghai, sums up the dilemma China faces as it
+  tries to feed its more than one billion people and at the same
+  time let them get richer by building factories and new homes.
+      China has to feed one quarter of the world's population,
+  but only one seventh of its land is arable.
+      Sharp increases in farm output since 1979 turned China into
+  a net grain exporter for the first time in 1985, and again in
+  1986.
+      But the rapid industrialisation of the countryside which
+  has occurred at the same time, has gobbled up arable land for
+  factories and homes for peasants who can now afford them.
+      Official figures show that China lost just under one pct of
+  its arable land to other uses in 1985 and a slightly smaller
+  amount last year. It gained 26 mln new mouths to feed during
+  the two years.
+      "We lost very little land prior to 1980 when the
+  industrialisation began," official Xu said. "Since then, nearly
+  all the families in the county have built new homes and many
+  factories have gone up."
+      "Last year we lost land to a new railway line," Xu said. But
+  land losses in future should fall because nearly all families
+  already have new houses, she added.
+      The issue of land loss is a matter of major concern to the
+  Peking leadership, which announced earlier this month that
+  China will issue nationwide quotas for conversion of grain land
+  for the first time this year.
+      "The present situation of abusing, occupying unlawfully,
+  wasting and destroying land and land resources is serious," said
+  an article in the official press explaining the new measures.
+      "It has resulted in great losses of cultivated farmland," it
+  said. "China has a large population and its land resources are
+  badly deficient."
+      An official of the Shanghai city government said county
+  authorities could approve conversion of only 0.3 hectares of
+  arable land to other uses, while anything more than that must
+  be approved by the city government.
+     The Peking government faces another major obstacle in its
+  efforts to ensure China's people get enough grain to eat. The
+  prices the state pays to farmers for grain are too low, making
+  it more profitable for them to grow other crops.
+      To offset this, the state offers farmers cheap fertiliser
+  and diesel oil and payment in advance for grain it contracts to
+  buy. The state then sells the grain at subsidised prices to
+  China's 200 mln city residents. Rural factories also subsidise
+  grain output, paying farmers bonuses to grow it.
+      Some officials argue that the simplest solution to the
+  problem would be for the state to raise city grain prices.
+      Chen Zuyuan, Communist Party secretary of a village in the
+  eastern province of Zhejiang, said the government listened too
+  much to the demands of "selfish city people" and could raise city
+  grain prices without any problem.
+      But the government has ruled out a price rise. "Raising the
+  price of grain would directly conflict with the goal of social
+  stability," said a China Daily editorial this month.
+      The Shanghai official said prices must be reformed over the
+  long term. "We must be very careful. We have a very large
+  population which is used to price stability and will object to
+  price rises," he said. "The problem is how to do it."
+      The Shanghai official said a rise in grain prices might
+  also affect the prices of hundreds of food products made with
+  grain and consumed by city residents.
+      In addition, the state faces the problem of inadequate
+  investment by farmers in land and in grain in particular.
+      The official press has reported that farmers fear farm
+  policy may change and they are putting their new wealth into
+  building graves, memorial halls for ancestors and homes.
+      Under reforms introduced in the late 1970s, farmers sign
+  contracts with the state requiring them to grow certain crops,
+  but they have considerable freedom in how to use their land.
+      "As the expiration date of the 15-year contract is almost at
+  the halfway mark, farmers are beginning to worry about the
+  future," the China Daily said in an editorial last month.
+      Their anxieties stem from the fact that they are allowed to
+  use the land but not own it. For most of the period of
+  Communist rule, the land was organised into collectives where
+  there was little room for individual initiative.
+      "New measures are needed to reassure them of the consistency
+  of government policies and make them interested in long-term
+  investment," the newspaper said.
+  
+
diff --git a/reuters/training/11769 b/reuters/training/11769
new file mode 100644
index 0000000000000000000000000000000000000000..55dde743fa91879fdcf91ef8ed5ff1376dc7f800
--- /dev/null
+++ b/reuters/training/11769
@@ -0,0 +1,37 @@
+CHINA OFFICIAL CONDEMNS GOVERNMENT GRAIN POLICY
+  The grain output of a major Chinese
+  grain-producing province is not increasing, because farmers
+  lack incentives, production costs are rising, storage
+  facilities are poor and there is not enough state investment in
+  grain, the province's vice-governor said.
+      The China Daily quoted Yang Jike, vice-governor of Anhui,
+  as saying farmers could earn twice as much growing cotton as
+  they could growing grain, and three times as much growing cash
+  crops like flax. He said production costs had risen to 40 pct
+  of farmers' earnings, from 20 pct in 1982, and lower investment
+  had caused the area of irrigated land to fall.
+      Yang said investment in agriculture fell in 1985 to 9.9 pct
+  of the province's total investment, from 26 pct in 1978.
+      He said an estimated 1.5 billion yuan worth of grain was
+  hit by mildew or rot in state granaries every year, and a
+  further 1.5 mln tonnes was eaten annually by rats.
+      He said government measures to deal with the problem dealt
+  with trifles, rather than the essentials. He called for more
+  investment in grain production, an immediate ban on illegal use
+  of or damage to farmland and a reversal of what he called the
+  tendency to rely on grain imports.
+      The New China News Agency quoted Zhang Yan, a delegate to
+  the National People's Congress, attacking grain policy. He said
+  the government had cut agricultural investment to three to four
+  pct from 11 pct.
+      "With the abundance of grain and cotton in the past few
+  years, some people got carried away, relaxing their attention
+  to grain and cotton production," he said.
+      On Saturday, vice-premier Tian Jiyun said China aimed to be
+  self-sufficient in grain. Now it exports corn from the
+  northeast, but it imports wheat.
+      "Grain consumption is rising every year. Even if we reach
+  the 1987 target of (405 mln tonnes), it cannot be considered
+  adequate," Tian said.
+  
+
diff --git a/reuters/training/1177 b/reuters/training/1177
new file mode 100644
index 0000000000000000000000000000000000000000..aa0648ae96d66040b806674bd729f4e0a02d452f
--- /dev/null
+++ b/reuters/training/1177
@@ -0,0 +1,10 @@
+CARME INC <CAME> 2ND QTR JAN 31 NET
+  Shr nine cts vs one ct
+      Net 247,489 vs 27,301
+      Sales 1,933,107 vs 796,613
+      Six mths
+      Shr 21 cts vs five cts
+      Net 565,106 vs 121,997
+      Sales 3,781,970 vs 1,778,110
+  
+
diff --git a/reuters/training/11771 b/reuters/training/11771
new file mode 100644
index 0000000000000000000000000000000000000000..0dbb6d384bc1f932653ac7da83729947806b0946
--- /dev/null
+++ b/reuters/training/11771
@@ -0,0 +1,25 @@
+TAIWAN'S SECOND QUARTER IMPORTS SEEN RISING
+  Taiwan's imports in the second quarter of
+  1987 are expected to rise to 7.75 billion U.S. Dlrs from 5.82
+  billion a year earlier and from 6.95 billion in the first
+  quarter of this year, the statistics department said.
+      A department official attributed the increase to growing
+  domestic investment by the private and public sectors. It is
+  expected to rise to 4.68 billion U.S. Dlrs from 3.79 billion a
+  year earlier and 3.41 billion during the first quarter.
+      Taiwan's exports in the April-June quarter are expected to
+  rise to 12.03 billion U.S. Dlrs from 9.63 billion a year
+  earlier and 11.28 billion in the first quarter.
+      The official said Taiwan's trade surplus is expected to
+  climb to 4.28 billion U.S. Dlrs in the second quarter of 1987
+  from 3.81 billion a year earlier. It was 4.33 billion in the
+  first quarter of this year.
+      Most of the surplus is expected to come from trade with the
+  U.S., Taiwan's largest trading partner and importer of nearly
+  50 pct of Taiwan's total exports, he said.
+      He said he expected Taiwan's imports, including grains,
+  machinery and power plant equipment, from the U.S. To rise
+  sharply because of government efforts to balance trade with
+  Washington. He declined to give figures.
+  
+
diff --git a/reuters/training/11772 b/reuters/training/11772
new file mode 100644
index 0000000000000000000000000000000000000000..e152b41e630bc38f7b46ef0c105e3e1cf05a5211
--- /dev/null
+++ b/reuters/training/11772
@@ -0,0 +1,5 @@
+Bank of Japan intervenes buying dollars at around 147.30 yen - dealers
+
+  Bank of Japan intervenes buying dollars at around 147.30 yen - dealers
+  
+
diff --git a/reuters/training/11773 b/reuters/training/11773
new file mode 100644
index 0000000000000000000000000000000000000000..d0c2660b4a878d384dba940426053ceaaee30118
--- /dev/null
+++ b/reuters/training/11773
@@ -0,0 +1,79 @@
+COMMERZBANK SEES LOWER OPERATING PROFIT THIS YEAR
+  Commerzbank AG <CBKG.F> management
+  board chairman Walter Seipp said that from the present
+  viewpoint the bank must expect 1987 full operating profit to be
+  lower than in 1986.
+      In the first two months of the year, partial operating
+  profit -- excluding trading on the bank's own account -
+  declined, he said, without giving details.
+      The interest surplus fell 2.8 pct compared with 2/12ths of
+  1986 results, while the commission surplus, because of the
+  quiet stock exchange business, fell back still more strongly.
+  By contrast the personnel and fixed asset expenses increased.
+      German banks do not report full operating profit. But Seipp
+  said last year the figure for the first time had topped one
+  billion marks for the parent bank, and the group result was
+  around 50 pct higher than this.
+      Commenting on 1986, Seipp said, "we were able to raise the
+  full operating profit...Slightly above the record result of
+  1985 because own account profits increased slightly."
+      He gave no concrete details but added that in January and
+  February, good own account trading profits meant that the drop
+  in full operating earnings was more modest than that in the
+  partial operating figure.
+      The bank would, as a result, be more profit-oriented in
+  future, developing, for example, more into investment banking,
+  keeping a tight rein on personnel costs and dampening
+  expenditures on fixed assets.
+      Turning to 1986 results, Seipp said by year end there had
+  been a strong growth in business volume.
+      Over the year business volume rose by 9.9 pct to 93.2
+  billion marks compared with 1985, Seipp added.
+      Group balance sheet volume rose by 8.0 pct to 148.15
+  billion. It would have been around five billion marks higher
+  still if currency relationships had remained unchanged.
+      In the parent bank, the interest surplus rose nine pct in
+  the year, while the interest margin held roughly at 1985's 2.56
+  pct despite pressure on credit rates.
+      The surplus on commission business, which had soared by a
+  quarter in 1985, rose by 11.6 pct last year thanks almost
+  exclusively to growth in securities commissions, Seipp said.
+      Personnel expenditure was up 11.9 pct last year, at more
+  than 1.5 billion marks. Fixed asset expenditure rose by 9.6 pct
+  to more than 650 mln.
+      As a result, the parent bank partial operating profit rose
+  by 3.2 pct to 752 mln marks.
+      Parent bank tax payment rose to 244 mln marks last year
+  from 233 mln in 1985.
+      Seipp said extraordinary earnings included a "high
+  two-figure million" in profit from the sale of the bank's AEG AG
+  <AEGG.F> shares to Daimler-Benz AG <DAIG.F> during the latter's
+  majority stake purchase booked last year.
+      The ability of the bank to write off depreciations in
+  credit business against profits from securities trading and
+  earnings on the sale of stakes had been utilised, as in prior
+  years, to its full extent.
+      Because of numerous insolvencies at home, by far the
+  largest part of the provisions were set aside for individual
+  write-downs from domestic business. Abroad, the circle of
+  problem debtor countries rose last year, although the ratio of
+  credit exposure to provisions improved further.
+      Seipp said that because about half the group's exposure to
+  problem nations was in dollars, the bank had swapped into
+  dollars individual provisions hitherto held primarily in marks.
+      "This means that no open currency positions exist any longer
+  on the amount of the provision that is made against an actual
+  default," he added.
+      Despite the increase in concern over debtor nations in the
+  last few weeks, he said, the international banking community is
+  better armed than it was against payment problems.
+      All banks had significantly strengthened their capital
+  base, most European banks had made considerable provisions
+  against bad debts while goverments and central banks were
+  better prepared for unforseen difficulties.
+      He described debt-equity swaps as a very interesting new
+  approach to indebted nations' problems. There was a lot of
+  interest in direct investment via an equity participation in
+  Latin America, particularly from West German firms.
+  
+
diff --git a/reuters/training/11774 b/reuters/training/11774
new file mode 100644
index 0000000000000000000000000000000000000000..d4b05c1c04872b324ac90fadcc98546f590beb23
--- /dev/null
+++ b/reuters/training/11774
@@ -0,0 +1,10 @@
+BANK OF JAPAN INTERVENES IN EARLY TOKYO AFTERNOON
+  The Bank of Japan intervened in the market
+  in the early afternoon, buying dollars around 147.30 yen and
+  continuing to buy them as high as 147.50 yen, dealers said.
+      The Bank intervened just after the dollar started rising on
+  buying by securities houses at around 147.05 yen, and hoped to
+  accelerate the dollar's advance, they said.
+      The dollar rose as high as 147.50 yen.
+  
+
diff --git a/reuters/training/11775 b/reuters/training/11775
new file mode 100644
index 0000000000000000000000000000000000000000..56ad5fc6c488bc8c806058bd5e9083863afb36d6
--- /dev/null
+++ b/reuters/training/11775
@@ -0,0 +1,11 @@
+MALAYSIA CUTS GAZETTED RUBBER PRICE
+  Malaysia said it cut the gazetted
+  price of rubber to 202-7/8 cents per kg from 213-1/2 cents in
+  March, effective immediately.
+      No export duty is applicable at this level, against 3/8
+  cent per kg last month, because the government raised the
+  export duty threshold price to 210 cents per kg in early 1985.
+      The cess for rubber research and replanting remained
+  unchanged at 3.85 and 9.92 cents per kg respectively.
+  
+
diff --git a/reuters/training/11776 b/reuters/training/11776
new file mode 100644
index 0000000000000000000000000000000000000000..a05447858b016771ef7237acfaf51213951d84b0
--- /dev/null
+++ b/reuters/training/11776
@@ -0,0 +1,43 @@
+SEIPP SAYS GERMAN INTEREST RATES SHOULD FALL
+  The Bundesbank should take further
+  steps to reduce German interest rates to protect the mark from
+  further appreciation and to persuade investors to bring
+  long-term yields lower, Commerzbank AG <CBKG.F> management
+  board chairman Walter Seipp said.
+      But he told the bank's annual news conference this did not
+  mean a cut in leading interest rates, rather a reduction in
+  money market rates through bringing the allocation rates down
+  for Bundesbank securities repurchase agreements.
+      "Leading interest rates are not the decisive rates," he said.
+  "The money market rates are the important ones."
+      Seipp said the Bundesbank should move away from allocating
+  money market liquidity at a fixed 3.8 pct as it has in recent
+  tender allocations.
+      An easier monetary policy would not mean a loss of
+  credibility for the Bundesbank in its containment of monetary
+  growth. A fall in short rates would make the public aware of
+  the high yields in bonds and lead to a longer-term capital
+  formation, braking the expansion of money supply.
+      "Thus, you can have lower rates and also a normalisation of
+  monetary growth both at the same time," he added.
+      Seipp said there were no grounds to paint too black a
+  picture of the German economy, since company profitability had
+  improved over recent years and domestic oriented firms were
+  profiting from cheaper imports because of the rise in the mark.
+      Growth this year should be at least one pct, he said,
+  describing the downturn in production in the first months as a
+  false start, unrepresentative of the rest of the year.
+      After an economic contraction in the first quarter, the
+  economy should show an uptrend in the last three. "We don't
+  believe that the economy has tipped over, but see it more as a
+  'growth dip,'" Seipp said.
+      But Seipp also called for support for growth from fiscal
+  policy, saying the top rate of income and corporate tax should
+  be brought down to 49 pct. The current peak rate is 56 pct.
+      The additional tax cuts brought forward to next January
+  were no substitute for support for growth.
+      Seipp added the federal government should make "further
+  courageous steps to decrease the state's proportion of the
+  German economy and to increase its flexibility."
+  
+
diff --git a/reuters/training/11778 b/reuters/training/11778
new file mode 100644
index 0000000000000000000000000000000000000000..ed3941821b45c5a7c69ed0bb7aa2a9aca79f32af
--- /dev/null
+++ b/reuters/training/11778
@@ -0,0 +1,13 @@
+MALAYSIA RAISES PALM OIL EXPORT DUTIES
+  The Malaysian government said it
+  raised the export duty on processed palm oil (ppo) to 70.90
+  ringgit per tonne from 64.06 in March, effective today.
+      Export duty on crude palm oil (cpo) rose to 38.30 ringgit
+  per tonne from 16.06 last month.
+      The gazetted price for ppo rose to 819.6600 ringgit per
+  tonne from 796.8604 a month earlier and that on cpo to 711.0037
+  ringgit from 617.8238.
+      The export duty and gazetted price of palm kernel stood
+  unchanged at 191.15 and 955.75 ringgit per tonne respectively.
+  
+
diff --git a/reuters/training/1178 b/reuters/training/1178
new file mode 100644
index 0000000000000000000000000000000000000000..74385e2aeb55e8a20c8318fa2908fb9ad9c56e90
--- /dev/null
+++ b/reuters/training/1178
@@ -0,0 +1,13 @@
+WILLCOX AND GIBBS INC <WG> 4TH QTR NET
+  Shr 42 cts vs 76 cts
+      Net 2.3 mln vs 3.3 mln
+      Revs 72.3 mln vs 59.8 mln
+      Year
+      Shr 1.48 dlrs vs 2.59 dlrs
+      Net 7.6 mln vs 11.1 mln
+      Revs 261.7 mln vs 224.7 mln
+      NOTE: 1985 net includes extraordinary gain of 1.5 mln dlrs
+  or 35 cts per share in 4th qtr and 5.1 mln or 1.19 dlrs for the
+  year.
+  
+
diff --git a/reuters/training/11783 b/reuters/training/11783
new file mode 100644
index 0000000000000000000000000000000000000000..e29fcf6d58c3a1987d4db8481cc7039e587610e1
--- /dev/null
+++ b/reuters/training/11783
@@ -0,0 +1,13 @@
+CURRENCY INSTABILITY WILL NOT LAST - SUMITA
+  Bank of Japan Governor Satoshi Sumita said
+  the present foreign exchange market instability will not last
+  long as there is caution in the market regarding the rapid
+  decline of the U.S. Unit.
+      He told reporters the major currency nations are determined
+  to continue their concerted intervention whenever necessary to
+  stave off speculative dollar selling in line with their
+  February 22 currency stability agreement in Paris.
+      Sumita also said he did not see the recent dollar drop as
+  anything like a free-fall.
+  
+
diff --git a/reuters/training/11787 b/reuters/training/11787
new file mode 100644
index 0000000000000000000000000000000000000000..d44054183d84eb8dc26cb21d17bd4c623bb53ee4
--- /dev/null
+++ b/reuters/training/11787
@@ -0,0 +1,11 @@
+SKYLARK CO LTD <SKLK.T> 1986 YEAR
+  Group shr 65.44 yen vs 73.30
+      Net 4.48 billion vs 4.19 billion
+      Current 10.85 billion vs 9.77 billion
+      Operating 9.65 billion vs 9.54 billion
+      Sales 103.53 billion vs 94.39 billion
+      NOTE - Company forecast for current year is group shr 70.05
+  yen, net 4.80 billion, current 11.20 billion and sales 113
+  billion.
+  
+
diff --git a/reuters/training/11789 b/reuters/training/11789
new file mode 100644
index 0000000000000000000000000000000000000000..95d7961f3e7017c62eb50b1f4ded41728a556cb6
--- /dev/null
+++ b/reuters/training/11789
@@ -0,0 +1,15 @@
+GERMAN 2.2 PCT GROWTH AVERAGE SEEN TO 1991
+  The economy will grow by an average
+  rate of 2.2 pct a year in real terms between now and the end of
+  1991, Westdeutsche Landesbank Girozentrale (WestLB) said in an
+  annual report.
+      A year ago WestLB had forecast average growth of just under
+  three pct for 1986-1990.
+      The 1987 report said gross national product would only
+  expand a real 1.7 pct this year -- below previous expectations
+  -- because of weaker exports. Growth rates will pick up later,
+  however, producing a 2.2 pct increase on average for the
+  five-year period.
+   MORE
+  
+
diff --git a/reuters/training/11790 b/reuters/training/11790
new file mode 100644
index 0000000000000000000000000000000000000000..c3c18c396234677ab7b444169100b546e7c3cd50
--- /dev/null
+++ b/reuters/training/11790
@@ -0,0 +1,7 @@
+SWEDEN'S BOLIDEN TO ANNOUNCE MAJOR CORPORATE TAKEOVER
+TODAY - OFFICIAL.
+
+  SWEDEN'S BOLIDEN TO ANNOUNCE MAJOR CORPORATE TAKEOVER
+  TODAY - OFFICIAL.
+  
+
diff --git a/reuters/training/11791 b/reuters/training/11791
new file mode 100644
index 0000000000000000000000000000000000000000..65d069e7d0356ef2f7320e9a1e7f45c47caefd25
--- /dev/null
+++ b/reuters/training/11791
@@ -0,0 +1,14 @@
+COURT BLOCKS DELTA-WESTERN AIRLINES MERGER
+  A U.S. Appeals court last night
+  blocked the 860 mln dlr merger of Delta Airlines Inc <DAL.N>
+  and <Western Airlines> just hours before it was to go into
+  effect because of a dispute over union representation.
+      The ruling came in a lawsuit in which the Air Transport
+  Employees union said Western's management should fulfil a
+  promise to honour union contracts if a merger took place.
+      The airlines argued that Western's promise could not be
+  enforced in a takeover by a larger company. Airlines officials
+  could not be reached for comment on the ruling, which halts the
+  merger until arbitration on the dispute is completed.
+  
+
diff --git a/reuters/training/11793 b/reuters/training/11793
new file mode 100644
index 0000000000000000000000000000000000000000..856edca23af81abfba843275d1f42f70926425c3
--- /dev/null
+++ b/reuters/training/11793
@@ -0,0 +1,16 @@
+BOLIDEN TO ANNOUNCE MAJOR CORPORATE TAKEOVER - OFFICIAL
+  Boliden AB <BLDS ST> mining and metals
+  group said it will announce a major foreign corporate takeover
+  today involving a company with an annual turnover of two
+  billion crowns.
+      A Boliden spokesman told Reuters details of the
+  announcement would be given at a news conference by chairman
+  Rune Andersson at 1030 gmt today. He said the company involved
+  employed 4,000 people, but declined to name the takeover price
+  or say what field the firm operated in.
+      Share analysts said they expected Boliden to announce it
+  will be taking over the U.S. Allis-Chalmers Corp <AH.O> but
+  company officials refused to confirm the reports ahead of the
+  news conference.
+  
+
diff --git a/reuters/training/11794 b/reuters/training/11794
new file mode 100644
index 0000000000000000000000000000000000000000..64cad00c2cea541cfa3179d2457c38c83786f320
--- /dev/null
+++ b/reuters/training/11794
@@ -0,0 +1,15 @@
+U.K. MONEY MARKET OFFERED EARLY ASSISTANCE
+  The Bank of England said it had invited
+  an early round of bill offers from the discount houses after
+  forecasting a shortage of around 1.2 billion stg in the money
+  market today.
+      Among the main factors affecting liquidity, bills for
+  repurchase by the market will drain some 526 mln stg while
+  bills maturing in official hands and the take-up of treasury
+  bills will remove around 1.79 billion stg. A rise in note
+  circulation will take out a further 105 mln stg.
+      Partly offsetting these outflows, exchequer transactions
+  will add around 1.01 billion stg and bankers' balances above
+  target some 185 mln stg.
+  
+
diff --git a/reuters/training/11795 b/reuters/training/11795
new file mode 100644
index 0000000000000000000000000000000000000000..4657bda94c7772e9406cebf54ea1995315f97f0a
--- /dev/null
+++ b/reuters/training/11795
@@ -0,0 +1,20 @@
+TURKEY ESTIMATES 1986 GROWTH AT EIGHT PCT
+  Turkey's Gross National Product grew an
+  estimated 8.0 pct in 1986 at fixed 1968 prices, compared with
+  5.1 pct in 1985, the State Statistics Institute said.
+      Reporting full-year data, it also said Gross Domestic
+  Product rose 8.3 pct compared with 5.1 pct in 1985. An earlier
+  estimate from nine-month data put full-year GNP and GDP growth
+  both at 7.9 pct.
+      The government's GNP growth target for 1987 is five pct,
+  the same level it had set for 1986.
+      The institute estimated per capita GNP for 1986 at 1,116.6
+  dlrs, up from 1,045.3 dlrs in 1985.
+      Officials blame the high 1986 GNP growth on a surge in
+  domestic demand stemming partly from poorly controlled
+  municipal expenditures in the early part of the year.
+      Industry grew at 11.1 pct in real terms in 1986 compared
+  with 6.6 pct in 1985 while agriculture expanded 7.4 pct
+  compared with 2.8 pct.
+  
+
diff --git a/reuters/training/11798 b/reuters/training/11798
new file mode 100644
index 0000000000000000000000000000000000000000..c720d72655d05c72134dfa68eb1ea40e59c23f76
--- /dev/null
+++ b/reuters/training/11798
@@ -0,0 +1,12 @@
+U.K. MONEY MARKET GIVEN 689 MLN STG EARLY HELP
+  The Bank of England said it had provided
+  the money market with early assistance of 689 mln stg in
+  response to an early round of bill offers from the discount
+  houses. This compares with the Bank's estimate that the system
+  would face a shortage of around 1.2 billion stg today.
+      The central bank made outright purchases of bank bills
+  comprising 347 mln stg in band one at 9-7/8 pct, 207 mln stg in
+  band two at 9-13/16 pct and 135 mln stg in band three at 9-3/4
+  pct.
+  
+
diff --git a/reuters/training/11801 b/reuters/training/11801
new file mode 100644
index 0000000000000000000000000000000000000000..9ce554c4c1c7c94b5467d8e937bdc578e37b579a
--- /dev/null
+++ b/reuters/training/11801
@@ -0,0 +1,20 @@
+MALAYSIAN MINERS SAY U.S. SELLING TOO MUCH TIN
+  Malaysian miners criticised the
+  U.S. For violating an agreement with Southeast Asian producers
+  by selling more stockpiled tin in 1986 than agreed.
+      The U.S. General Services Administration sold 5,490 tonnes
+  of tin in 1986, well above an agreed upon annual limit of 3,000
+  tonnes, the States of Malaya Chamber of Mines said.
+      In its latest annual report, it said the U.S. Had promised
+  to limit sales of tin in a memorandum of understanding signed
+  with the six-member Association of Southeast Asian Nations
+  (ASEAN) in December 1983.
+      "The U.S. Appears to have lost sight of the U.S./ASEAN
+  Memorandum of Understanding," the Chamber said.
+      The Chamber estimated the U.S. Strategic stockpile held
+  180,444 tonnes of tin in December 1986, 137,744 tonnes in
+  excess of of its original stockpile goal of 42,700.
+      The main ASEAN tin producers are Malaysia, Indonesia and
+  Thailand, which produce the bulk of the world's tin.
+  
+
diff --git a/reuters/training/11802 b/reuters/training/11802
new file mode 100644
index 0000000000000000000000000000000000000000..ac49142aa7a4688d98fe93bc591118fd9af14cfd
--- /dev/null
+++ b/reuters/training/11802
@@ -0,0 +1,11 @@
+GROUPE BRUXELLES LAMBERT PROFIT UP
+  Net consolidated profit after deduction
+  for minorities 6.52 billion francs vs 5.40 billion.
+      Non-consolidated net profit 3.46 billion francs vs 3.05
+  billion.
+      Note - Results for year 1986. Company's full name is Groupe
+  Bruxelles Lambert SA <LAMB.BR>.
+      Proposed net final dividend on ordinary shares 70 francs vs
+  65 to take total net payment for year to 120 francs vs 110.
+  
+
diff --git a/reuters/training/11808 b/reuters/training/11808
new file mode 100644
index 0000000000000000000000000000000000000000..69e4165c24857ebafe3d62f427538188c77e1ff3
--- /dev/null
+++ b/reuters/training/11808
@@ -0,0 +1,12 @@
+AJINOMOTO TO BUY OUT JOINT FOOD VENTURE PARTNER
+  Ajinomoto Co Inc <AJIN.T> said it will
+  sign around end-April to buy the 50 pct of <Knorr Foods Co
+  Ltd>, capitalised at four billion yen, that it does not already
+  own from its U.S. Partner <CPC International Inc>.
+      Ajinomoto will also acquire 50 pct each of CPC's two sales
+  subsidiaries and six production units in Hong Kong, the
+  Philippines, Singapore, Malaysia, Taiwan and Thailand, he said.
+      The total cost of the acquisition is 340 mln dlrs, the
+  spokesman said.
+  
+
diff --git a/reuters/training/1181 b/reuters/training/1181
new file mode 100644
index 0000000000000000000000000000000000000000..267bc0af866a5b49a0f7d6ccf89c6999f255b599
--- /dev/null
+++ b/reuters/training/1181
@@ -0,0 +1,17 @@
+OMNICOM GROUP INC <OMCM> 4TH QTR NET
+  Shr profit 27 cts vs profit 51 cts
+      Net profit 6,600,000 vs profit 12.2 mln
+      Revs 211.7 mln vs 193.4 mln
+      Qtly div 24.5 cts vs 24.5 cts
+      Avg shrs 24.2 mln vs 23.8 mln
+      Year
+      Shr loss 17 cts vs profit 1.27 dlrs
+      Net loss 4,077,000 vs profit 30.1 mln
+      Revs 753.5 mln vs 673.4 mln
+      Avg shrs 24.4 mln vs 23.7 mln
+      NOTE: Qtly div payable April six to holders of record March
+  16.
+      1986 4th qtr and year net includes a charge of 5.9 mln dlrs
+  and 31.4 mln dlrs, respectively, for corporate restructuring.
+  
+
diff --git a/reuters/training/11811 b/reuters/training/11811
new file mode 100644
index 0000000000000000000000000000000000000000..3439af71565d4d473dd38adce1bb66e520abbd42
--- /dev/null
+++ b/reuters/training/11811
@@ -0,0 +1,11 @@
+GHANA COCOA PURCHASES SLOW
+  The Ghana Cocoa Board said it purchased
+  214 tonnes of cocoa in the 24th week, ended March 19, of the
+  1986/87 main crop season, compared with 456 tonnes the previous
+  week and 372 tonnes in the 24th week ended March 27 of the
+  1985/86 season.
+      Cumulative purchases so far this season stand at 217,449
+  tonnes, ahead of the 204,256 tonnes purchased by the 24th week
+  of last season.
+  
+
diff --git a/reuters/training/11812 b/reuters/training/11812
new file mode 100644
index 0000000000000000000000000000000000000000..ab59ca8ffcd0536599a47d17b3f55f643e9734dc
--- /dev/null
+++ b/reuters/training/11812
@@ -0,0 +1,10 @@
+U.K. MERGER CLEARANCES
+  The Secretary of State for Trade and
+  Industry said he had decided not to refer the proposed
+  acquisition by Reed International Plc <REED.L> of <Technical
+  Publishing Company Inc> to the Monopolies and Mergers
+  Commission.
+      The proposed acquisition by <Rosehaugh Plc> of <The General
+  Funds Investment Trust Plc> was also cleared.
+  
+
diff --git a/reuters/training/11813 b/reuters/training/11813
new file mode 100644
index 0000000000000000000000000000000000000000..8bf8e43a5a8718d14952efdbb233542e4fdd8e21
--- /dev/null
+++ b/reuters/training/11813
@@ -0,0 +1,43 @@
+TAIWAN SEES SHARP DECLINE IN SHIPBREAKING
+  Taiwan's shipbreaking industry is
+  expected to decline sharply this year despite the boom in 1986
+  because of keener competition from South Korea and China, the
+  rising Taiwan dollar and U.S. Import curbs on steel products,
+  industry sources said.
+      Last year, Taiwanese breakers demolished a record 344
+  vessels totalling 3.69 million light displacement tons (ldt),
+  up on 165 of 2.97 million ldt in 1985, Lin Chung-jung, a Taiwan
+  Shipbreaking Industry Association (TSIA) spokesman, told
+  Reuters.
+      China scrapped vessels of some 1.1 mln ldt last year while
+  South Korea demolished ships of 910,000 ldt, he said.
+      Yao Liu, president of Chi Shun Hwa Steel Co, a leading
+  shipbreaker and steel producer in Kaohsiung, told Reuters, "We
+  expect to scrap fewer ships this year because of an expected
+  decline in our steel product exports."
+      Lin said many breakers predicted a 20 pct decline in
+  scrapping operations this year due to falling demand from the
+  U.S., Japan and Southeast Asia for Taiwanese steel.
+      Taiwan agreed last year to voluntarily limit its steel
+  product exports to the U.S. To 120,000 tonnes in the first half
+  of 1987 from about 260,000 tonnes in the first half of 1986, a
+  Taiwan Steel and Iron Association official said.
+      Yao said the rising Taiwan dollar means Taiwan's steel
+  exports are more expensive than South Korea's and China's.
+      The Taiwan dollar has strengthened by some 16 pct against
+  the U.S. Unit since September 1985 and some bankers and
+  economists said it could appreciate to 32 to the U.S. Dollar by
+  the end of the year from 34.23 today, Yao said.
+      In comparison, the won rose by about five pct and yuan
+  remained stable during the same period, he added.
+      "We have lost some orders to South Korea and mainland China
+  because foreign importers have switched their purchases," he
+  said.
+      Taiwan's steel exports to the U.S., Japan and Southeast
+  Asia slipped to 148,000 tonnes in the first two months of 1987
+  from about 220,000 tonnes a year earlier, the Taiwan Steel and
+  Iron Association official said.
+      He said he expected further declines in later months but
+  did not give figures.
+  
+
diff --git a/reuters/training/11815 b/reuters/training/11815
new file mode 100644
index 0000000000000000000000000000000000000000..806ed18d1c8776d116e942a7de0a97f00bf19b4d
--- /dev/null
+++ b/reuters/training/11815
@@ -0,0 +1,12 @@
+U.K. INTERVENTION FEED WHEAT TENDER RESULT AWAITED
+  Grain traders said they were still
+  awaiting results of yesterday's U.K. Intervention feed wheat
+  tender for the home market.
+      The market sought to buy 340,000 tonnes, more than double
+  the remaining 150,000 tonnes available under the current
+  tender. However, some of the tonnage included duplicate bids
+  for supplies in the same stores.
+      Since the tenders started last July 861,000 tonnes of
+  British feed wheat have been sold back to the home market.
+  
+
diff --git a/reuters/training/11816 b/reuters/training/11816
new file mode 100644
index 0000000000000000000000000000000000000000..16acbd7df3e11de42a615681e28835133b49287a
--- /dev/null
+++ b/reuters/training/11816
@@ -0,0 +1,21 @@
+SINGAPORE'S UIC TO BUY INTO TECK HOCK COFFEE FIRM
+  Singapore's United Industrial Corp Ltd
+  (UIC) has agreed in principle to inject 16 mln dlrs in
+  convertible loan stock into <Teck Hock and Co (Pte) Ltd>, a
+  creditor bank official said.
+      UIC is likely to take a controlling stake in the troubled
+  international coffee trading firm, but plans are not finalised
+  and negotiations will continue for another two weeks, he said.
+      Teck Hock's nine creditor banks have agreed to extend the
+  company's loan repayment period for 10 years although a
+  percentage of the new capital injection will be used to pay off
+  part of the debt.
+      Teck Hock owes more than 100 mln Singapore dlrs and since
+  last December the banks have been allowing the company to
+  postpone loan repayments while they try to find an investor.
+      The nine banks are Oversea-Chinese Banking Corp Ltd, United
+  Overseas Bank Ltd, Banque Paribas, Bangkok Bank Ltd, Citibank
+  N.A., Standard Chartered Bank Ltd, Algemene Bank Nederland NV,
+  Banque Nationale de Paris and Chase Manhattan Bank NA.
+  
+
diff --git a/reuters/training/11817 b/reuters/training/11817
new file mode 100644
index 0000000000000000000000000000000000000000..d22360ccf8160af476a0d6920cdccc8649385b28
--- /dev/null
+++ b/reuters/training/11817
@@ -0,0 +1,24 @@
+H.K. BANKS TO RAISE PRIME RATES SOON, DEALERS SAY
+  Banks in Hong Kong are likely to raise
+  prime rates by half a percentage point to 6-1/2 pct following a
+  one-quarter point prime rate increase by two major U.S. Banks
+  yesterday, dealers said.
+      They told Reuters local banks may decide on the increase at
+  this weekend's routine meeting of the Hong Kong Association of
+  Banks.
+      G.C. Goh, chief dealer of the Standard Chartered Bank, said
+  prime rate increases by Citibank and Chase Manhattan Bank to
+  7-3/4 pct from 7-1/2 may prompt Hong Kong banks to follow suit.
+      Goh said local banks want to restore the prime to 6-1/2
+  pct, the level at beginning of 1987.
+      The banks raised the prime to the current six pct from five
+  pct on February 28 after cutting it 1-1/2 points from 6-1/2 on
+  January 15 in response to upside pressure on the Hong Kong
+  dollar, he said.
+      The medium and longer term interbank rates firmed today,
+  with three months ending at 5-1/16 to 4-7/8 pct against
+  yesterday's five to 4-13/16 close. The overnight rate, however,
+  fell to 3-1/2 to three pct from 4-1/2 to four because of
+  increased liquidity for a local stock issue.
+  
+
diff --git a/reuters/training/1182 b/reuters/training/1182
new file mode 100644
index 0000000000000000000000000000000000000000..2cfcf492c7ef385bb23a40378a058e301fc1b084
--- /dev/null
+++ b/reuters/training/1182
@@ -0,0 +1,8 @@
+FORD MOTOR CO OF CANADA LTD<FC> CUTS ANNUAL DIV
+  Annual div six dlrs vs 12 dlrs prior
+      Pay March 19
+      Record March 13
+      Note: 1986 payout includes two dlrs a share extra dividend
+      1985 payout includes four dlrs a share extra dividend
+  
+
diff --git a/reuters/training/11820 b/reuters/training/11820
new file mode 100644
index 0000000000000000000000000000000000000000..edb64b07086c11a838ed5bbb926fd903209dd766
--- /dev/null
+++ b/reuters/training/11820
@@ -0,0 +1,34 @@
+GERMAN CALL MONEY DROPS BACK AT MONTH START
+  Call money rates fell to 3.85/95 pct
+  from five pct yesterday in moderate trading as month end
+  tightness disappeared and operators took positions for April.
+      Dealers said they expected rates to remain within a 3.70 to
+  four pct range this month. A minor tax payment period on behalf
+  of customers mid-month, the long Easter weekend and pension
+  payments were unlikely to tighten rates significantly.
+      Next Wednesday, 14.9 billion marks are leaving the system
+  on the expiry of a securities repurchase pact. But dealers said
+  they expected the Bundesbank to fully replace the outflow with
+  a new tender at a fixed rate of 3.80 pct.
+      Commerzbank AG's management board chairman Walter Seipp
+  called on the Bundesbank to reduce interest rates to protect
+  the mark through bringing the allocation rate for securities
+  repurchase agreements down.
+      But dealers said the Bundesbank was unlikely to ease credit
+  policies at the moment. There was little domestic and foreign
+  pressure for lower rates and no signs of a change.
+      Yesterday one or two large West German banks effectively
+  drained the domestic money market of liquidity in order to
+  achieve higher rates from their overnight deposits, dealers
+  said.
+      Bundesbank figures showed banks held an average daily 50.7
+  billion marks in minimum reserves at the central bank over the
+  first 30 days of March, the exact requirement needed just one
+  day before the end of the month.
+      Actual holdings on Monday were 42.0 billion marks.
+      Because rates soared to the level of the Lombard emergency
+  funding rate yesterday, banks fell back on the loan facility to
+  draw down a high 5.3 billion marks in an attempt to meet
+  Bundesbank needs, the data showed.
+  
+
diff --git a/reuters/training/11821 b/reuters/training/11821
new file mode 100644
index 0000000000000000000000000000000000000000..3b6d6f65d3f9dd2ed7396f074205dde3d8e2a878
--- /dev/null
+++ b/reuters/training/11821
@@ -0,0 +1,7 @@
+SWEDEN'S BOLIDEN AB TAKES OVER U.S. ALLIS-CHALMERS CORP FOR
+600 MLN CROWNS - OFFICIAL
+
+  SWEDEN'S BOLIDEN AB TAKES OVER U.S. ALLIS-CHALMERS CORP FOR
+  600 MLN CROWNS - OFFICIAL
+  
+
diff --git a/reuters/training/11822 b/reuters/training/11822
new file mode 100644
index 0000000000000000000000000000000000000000..699779b3f6a98d3636bbd70e56d67783a46da040
--- /dev/null
+++ b/reuters/training/11822
@@ -0,0 +1,20 @@
+MITSUBISHI HEAVY, C. ITOH TO SELL TRIGUNA STAKES
+  Mitsubishi Heavy Industries Ltd <MITH.T>
+  (MHI) and C. Itoh and Co Ltd <CITT.T> have decided to sell
+  their combined 65 pct stake in Indonesia's <Pt Triguna Utama
+  Machinery Industries> to <Caterpillar Tractor Co>,  spokesmen
+  for the two Japanese companies said.
+     Triguna, set up in 1982, is owned 40 pct by MHI and 25 pct
+  by C. Itoh and 35 pct by an Indonesian company. It makes about
+  10 forklift trucks and a similar number of excavators each
+  month in technological cooperation with MHI.
+      The spokesmen said the sale results from an expected
+  restructuring later this year of the 50/50 Caterpillar/MHI
+  joint venture Japanese company <Caterpillar Mitsubishi Ltd>,
+  formed in 1963.
+      They said the venture will be renamed <Shin Caterpillar
+  Mitsubishi Ltd> and capitalised at 23 billion yen. It will
+  still be owned equally by MHI and Caterpillar and will be set
+  up with the aim of centralising MHI's excavator business.
+  
+
diff --git a/reuters/training/11825 b/reuters/training/11825
new file mode 100644
index 0000000000000000000000000000000000000000..91e32e35335e61e12ad3a71a3192bf622a06f7d6
--- /dev/null
+++ b/reuters/training/11825
@@ -0,0 +1,7 @@
+SWEDEN'S BOLIDEN AB TAKES OVER MINING GEAR UNITS OF
+ALLIS-CHALMERS CORP FOR 600 MLN CROWNS
+
+  SWEDEN'S BOLIDEN AB TAKES OVER MINING GEAR UNITS OF
+  ALLIS-CHALMERS CORP FOR 600 MLN CROWNS
+  
+
diff --git a/reuters/training/11826 b/reuters/training/11826
new file mode 100644
index 0000000000000000000000000000000000000000..0776a9d6a22c84bd406bbda161cebe5ab9e1d902
--- /dev/null
+++ b/reuters/training/11826
@@ -0,0 +1,16 @@
+SUGAR TRADERS FORECAST LIKELY EC SUGAR REBATE
+  London traders say the European Community
+  is likely to award a maximum rebate of 46.80 European currency
+  units per 100 kilos at today's tender, while traders in Paris
+  predict a maximum award of 46.40 Ecus.
+      Last week the EC awarded licences for 59,000 tonnes at a
+  rebate of 45.678 Ecus.
+      Trade views differed on the amount of sugar likely to be
+  released today.
+      London traders said the EC Commission will probably
+  endeavour to release a large tonnage, and as much as  100,000
+  tonnes may be authorised for export under licences up to
+  end-September.
+      Paris traders put the likely tonnage at around 60,000.
+  
+
diff --git a/reuters/training/11829 b/reuters/training/11829
new file mode 100644
index 0000000000000000000000000000000000000000..badddf2d6d895bd4cef64e1eb88adc22e6977ff9
--- /dev/null
+++ b/reuters/training/11829
@@ -0,0 +1,20 @@
+BOLIDEN TAKES OVER ALLIS-CHALMERS DIVISION
+  Swedish mining and metals group
+  Boliden AB <BLDS ST> said it would buy the mining equipment
+  operations of the U.S. Allis-Chalmers Corp <AH.O>, amounting to
+  more than 50 pct of group sales, for 600 mln crowns.
+      Boliden president Kjell Nilsson told a news conference the
+  acquisition of the Allis-Chalmers unit, which he described as
+  the world's leading producer of equipment for the mineral
+  processing industry, would yield positive synergy effects for
+  Boliden mining, metals and engineering operations.
+      Nilsson said the takeover also will provide opportunities
+  to cooperate with the mining and materials handling operations
+  of Boliden's parent company, <Trelleborg AB>.
+      He said Allis-Chalmers was selling out because it needed
+  new cash after suffering big losses in its farm equipment
+  operation.
+      The deal is subject to approval by Allis-Chalmers' annual
+  meeting, company officials said.
+  
+
diff --git a/reuters/training/11830 b/reuters/training/11830
new file mode 100644
index 0000000000000000000000000000000000000000..b8b67b989902b533627788c129ed98520280cb89
--- /dev/null
+++ b/reuters/training/11830
@@ -0,0 +1,57 @@
+PROPOSED JAPAN TAX MAY DAMPEN TOKYO GOLD TRADING
+  A proposed sales tax on gold transactions
+  could put a damper on the Tokyo market and encourage a shift of
+  trading to Hong Kong and Singapore, senior vice president and
+  Tokyo branch manager of Credit Suisse Paul Hofer told a press
+  conference.
+      "If you impose five pct on both buy and sell transactions,
+  Tokyo participants in the gold market could be out of business,"
+  he said. The tax would create such a spread that Japanese would
+  be unable to compete in the international market, he added.
+      "How can the government really raise taxes if the system
+  they impose is prohibitive of generating business?" he said.
+      The government now imposes a 15 pct tax on physical trades
+  exceeding 37,500 yen for gold jewellery and coins and a 2.5 yen
+  tax per 10,000 yen on futures transactions, gold dealers said.
+      The new five pct tax would be imposed on companies trading
+  more than 100 mln yen a year and apply to paper gold trades,
+  gold deposits with banks and trading of gold bars as well as
+  that of jewellery and coins, dealers said.
+      However, the tax would lower the rate on jewellery and
+  coins to only five pct from the current 15 pct, they said.
+      Hofer said in 1982 Switzerland had imposed a 5.6 pct gold
+  turnover tax on Jan 1, 1980, but abolished it on Oct 1, 1986.
+      A study by one of the Swiss banks showed that in early
+  1980, the first year of the tax, the volume for all Swiss banks
+  fell by up to 25 pct compared with 1978 and 1979, Hofer said.
+      Transactions of paper gold also fell up to 75 pct of the
+  volume prior to imposition of the tax, he said.
+      While gold transactions in Switzerland decreased, the
+  volume of trades outside the country, particularly in London
+  and Luxembourg, increased between 10-25 pct, Hofer said.
+      Japan is a major importer of gold, buying a yearly average
+  just under 200 tonnes, gold dealers said.
+      Last year Japan imported about 600 tonnes of gold, but the
+  government had bought about 300 tonnes for minting coins to
+  commemorate the 60th year of Emperor Hirohito's reign, dealers
+  said.
+      Gold trading in Tokyo is dominated mainly by Japanese
+  trading companies, while Credit Suisse is the major foreign
+  participant.
+      Daily turnover in the Tokyo spot market ranges between one
+  and 10 tonnes with the average around three tonnes, while
+  futures turnover amounts to about four tonnes, gold dealers
+  said.
+      "All of us are concerned daily with the fact that the Tokyo
+  market is growing, that Japan is becoming one of the three
+  major financial markets in the world ... And in my personal
+  opinion I think it would be a very big mistake to put a damper
+  on this positive growth or developments by imposing such a tax,"
+  Hofer said.
+      "I don't think it fits the philosophy of an
+  internationalising market," he added.
+      Officials of several major Japanese trading houses,
+  attending the press conference, said they supported Credit
+  Suisse's call for the government not to impose the gold tax.
+  
+
diff --git a/reuters/training/11831 b/reuters/training/11831
new file mode 100644
index 0000000000000000000000000000000000000000..acb684e34b7c67e742843019f8ebfbfb832e4e52
--- /dev/null
+++ b/reuters/training/11831
@@ -0,0 +1,34 @@
+INDIAN RATE CUTS TO SPARK INDUSTRY, AGRICULTURE
+  The Indian Finance Ministry's
+  announcement in Parliament yesterday, changing the nation's
+  interest rate structure, will benefit industry and agriculture
+  by providing loans at lower interest, bankers and brokers said.
+      The changes, effective today, included reducing commercial
+  bank lending rates that have ranged between 15 pct and 17.5 pct
+  by one percentage point.
+      New rates, which affect both Indian and foreign banks, also
+  include a one percentage point gain, to an annual 10 pct, on
+  deposits of two years or more but less than five.
+      Bank deposits of five years or more carrying 11 pct
+  interest have been abolished.
+      Bankers said the interest rate modifications reflect the
+  government's concern to reduce the costs of borrowing and help
+  improve world competitiveness of Indian goods.
+      There is likely to be a shift to short-term bank deposits
+  by long-term depositors, bankers predicted. This will create
+  the flexibility to draw and re-invest funds in either equity
+  shares or short-term bank deposits, they said.
+      A merchant banker also said reduced manufacturing costs due
+  to lower lending rates are likely to boost the share market.
+      Tata Steel, a trend setter on the Bombay Stock Exchange,
+  opened today higher at 1,040 rupees against yesterday's closing
+  of 1,012.50 rupees.
+      A stockbroker said investors may be less enthusiastic now
+  to buy convertible and non-convertible debentures because the
+  Finance Ministry has reduced the annual interest rate to 12.5
+  pct and 14 pct respectively from 13.5 and 15 pct respectively.
+      "But overall debenture prospects remain bright because the
+  rates of interest on them will still be higher than what banks
+  pay for deposits of similar maturity," a merchant banker said.
+  
+
diff --git a/reuters/training/11832 b/reuters/training/11832
new file mode 100644
index 0000000000000000000000000000000000000000..59c08890cae920815f6bb9504541143b749276d0
--- /dev/null
+++ b/reuters/training/11832
@@ -0,0 +1,8 @@
+U.K. MONEY MARKET SHORTAGE FORECAST REVISED UP
+  The Bank of England said it had revised
+  its estimate of the shortage in the money market up to 1.3
+  billion stg from 1.2 billion before taking account of its early
+  operations.
+      The Bank has provided 689 mln stg assistance so far today.
+  
+
diff --git a/reuters/training/11833 b/reuters/training/11833
new file mode 100644
index 0000000000000000000000000000000000000000..8228a43badac5c24afe2ca87f631ee683d820c7d
--- /dev/null
+++ b/reuters/training/11833
@@ -0,0 +1,14 @@
+INTERNATIO-MUELLER ACQUIRES CANADIAN COMPANY
+  Internatio-Mueller NV <INTN.AS> said it
+  will acquire <Promac Controls Inc> of Canada but declined to
+  comment on the amount of the payment, which will be in cash.
+      Promac, which produces measurement and regulating
+  equipment, has a work force of 50 and had 1986 turnover of five
+  mln guilders, an Internatio spokesman said.
+      He said the takeover fits into the company's drive for
+  expansion in the U.S and Canada and further acquisitions are
+  possible.
+      Promac Controls will be part of Internatio's
+  electrotechnical sector.
+  
+
diff --git a/reuters/training/11834 b/reuters/training/11834
new file mode 100644
index 0000000000000000000000000000000000000000..b090792647b05ad504f3ba1414cd23bab431121c
--- /dev/null
+++ b/reuters/training/11834
@@ -0,0 +1,10 @@
+U.K. INTERVENTION FEED WHEAT SOLD TO HOME MARKET
+  A total of 126,031 tonnes of U.K.
+  Intervention feed wheat was sold to the home market at this
+  week's tender, provisional results show, the Home Grown Cereals
+  Authority (HGCA), said.
+      Actual prices were not reported but the wheat was sold at,
+  or above, the March intervention price of 119.17 stg per tonne.
+      Grain traders sought to buy about 340,000 tonnes.
+  
+
diff --git a/reuters/training/11836 b/reuters/training/11836
new file mode 100644
index 0000000000000000000000000000000000000000..1ac3f7f404d07eee89650fb0ada5728669b3b039
--- /dev/null
+++ b/reuters/training/11836
@@ -0,0 +1,15 @@
+SRI LANKA TO UPGRADE QUALITY OF COCONUT PRODUCTS
+  The Sri Lankan cabinet approved
+  recommendations to upgrade the quality of coconut fibre
+  products, the government said.
+      It said the recommendations also suggested that
+  encouragement be given for the manufacture of value-added
+  products from coconut fibre and a market development programme
+  be launched for traditional and value-added products.
+      It also suggested the setting up of a marketing mission on
+  coconut fibre to be sent this month to principal target
+  markets.
+      Sri Lanka is the world's second largest exporter of
+  dessicated coconut after the Philippines.
+  
+
diff --git a/reuters/training/11837 b/reuters/training/11837
new file mode 100644
index 0000000000000000000000000000000000000000..0c950b3c66262c14a7da4d135fb373139931f851
--- /dev/null
+++ b/reuters/training/11837
@@ -0,0 +1,15 @@
+HOOGOVENS CONCLUDES TAKEOVER OF PHILIPS CIREX UNIT
+  Dutch steel concern
+  <Hoogovens Groep BV> said it had reached agreement with NV
+  Philips Gloeielampenfabrieken <PGLO.AS> on its takeover of
+  Cirex, a specialised Philips precision wax moulding unit.
+      Neither party would reveal financial details of the deal,
+  initially announced in October.
+      Hoogovens said Cirex turnover had grown in recent years to
+  30 mln guilders in 1986 and it expected further expansion.
+      The unit delivers mainly to the car industry.
+      Hoogovens said the acquisition would strengthen its
+  position as a supplier to industry of high-value metal
+  products.
+  
+
diff --git a/reuters/training/11839 b/reuters/training/11839
new file mode 100644
index 0000000000000000000000000000000000000000..4f2078d4f904051a82a25b2bf2d61d24c9bc6b84
--- /dev/null
+++ b/reuters/training/11839
@@ -0,0 +1,22 @@
+PRECIOUS METALS CLIMATE IMPROVING, SAYS MONTAGU
+  The climate for precious metals is
+  improving with prices benefiting from renewed inflation fears
+  and the switching of funds from dollar and stock markets,
+  brokers Samuel Montagu and Co Ltd said.
+      Silver prices in March gained some 15 pct in dlr terms due
+  to a weak dollar and silver is felt to be fairly cheap relative
+  to gold, Montagu said in its monthly silver newsletter. In
+  March the gold/silver ratio narrowed from 74 to less than 67.
+      The supply/demand position has improved in the past year,
+  and despite a silver market surplus, the quantity of silver is
+  modest enough to be absorbed by investors, it added.
+      The report said the firmness in oil prices was likely to
+  continue in the short term.
+      A period of consolidation might be necessary before prices
+  attempted to move significantly higher,it said, but so long as
+  the dollar remains under pressure then the outlook for silver
+  was positive.
+      However silver was less likely to continue to outpace the
+  other metals by such a margin, Montagu said.
+  
+
diff --git a/reuters/training/1184 b/reuters/training/1184
new file mode 100644
index 0000000000000000000000000000000000000000..d475c62abf3d8d73e3a1147b4c0f65669e8cdd66
--- /dev/null
+++ b/reuters/training/1184
@@ -0,0 +1,17 @@
+TOTAL U.S. COPPER STOCKS LOWER IN JANUARY
+  Total copper stocks held by U.S. rod
+  mills and refiners (including wirebars, cathodes, scrap, rod
+  and in-process material) dropped to 155,467,000 lbs at the end
+  of January from 203,513,000 lbs at the end of December, the
+  American Bureau of Metal Statistics said.
+      Rod stocks held by refiners and rod mills decreased to
+  61,384,000 lbs in January from 69,986,000 lbs in December.
+      Cathode inventories at rod mills fell to 86,456,000 lbs in
+  January from 124,409,000 lbs in December, while wirebar stocks
+  were lower at 3,508,000 lbs versus 4,913,000 lbs in December.
+      December rod mill wirebar use nearly doubled to 3,148,000
+  lbs in January from 1,540,000 lbs in December. Cathode use by
+  mills and refiners increased to 255,266,000 lbs in January from
+  238,821,000 lbs in December.
+  
+
diff --git a/reuters/training/11840 b/reuters/training/11840
new file mode 100644
index 0000000000000000000000000000000000000000..52af34da33a3274bc4f00688d1ab24723266fe5c
--- /dev/null
+++ b/reuters/training/11840
@@ -0,0 +1,20 @@
+ROTTERDAM GRAIN HANDLERS STAGE LIGHTNING STRIKES
+  Lightning strikes hit the grain sector
+  of the port of Rotterdam today after employers turned down
+  union demands for shorter working hours in a new labour
+  agreement, transport union FNV spokesman Bert Duim said.
+      Around 140 grain handlers stopped work, 125 of them at the
+  two Europoort locations of Graan Elevator Mij (GEM), which
+  handles about 95 pct of grain, oilseeds and derivatives passing
+  through Rotterdam.
+      GEM managing director Pieter van der Vorm said the
+  facilities were 40 pct operational.
+      The employers had invited the unions for talks later today,
+  but details of the labour agreement would not be on the agenda,
+  Van der Vorm said.
+      It is barely one month since the end of an eight-week
+  campaign of lightning strikes against redundancies in
+  Rotterdam's general cargo sector, which stevedoring companies
+  said cost them millions of guilders.
+  
+
diff --git a/reuters/training/11841 b/reuters/training/11841
new file mode 100644
index 0000000000000000000000000000000000000000..cc23dcc1790185a5e453b9d77236c7055b500a97
--- /dev/null
+++ b/reuters/training/11841
@@ -0,0 +1,20 @@
+BOLIDEN TAKES OVER ALLIS-CHALMERS DIVISION
+  Swedish mining and metals group
+  Boliden AB said it would buy the mining equipment operations of
+  the U.S. Allis-Chalmers Corp, amounting to more than 50 pct of
+  group sales, for 600 mln crowns.
+      Boliden president Kjell Nilsson told a news conference the
+  acquisition of the Allis-Chalmers unit, which he described as
+  the world's leading producer of equipment for the mineral
+  processing industry, would yield positive synergy effects for
+  Boliden mining, metals and engineering operations.
+      Nilsson said the takeover will provide opportunities to
+  cooperate with the mining and materials handling operations of
+  Boliden's parent company, Trelleborg AB.
+      He said Allis-Chalmers was selling out because it needed
+  new cash after suffering big losses in its farm equipment
+  operation.
+      The deal is subject to approval by Allis-Chalmers' annual
+  meeting, company officials said.
+  
+
diff --git a/reuters/training/11843 b/reuters/training/11843
new file mode 100644
index 0000000000000000000000000000000000000000..52f5d5e8caf03916a69f22ee4cfc7f4cb5888aef
--- /dev/null
+++ b/reuters/training/11843
@@ -0,0 +1,44 @@
+MALAYSIA DECLINES TO STATE POSITION ON COCOA PACT
+  Government officials in Malaysia, a
+  major cocoa producer, have declined to say whether it will join
+  the International Cocoa Agreement (ICCA) for which buffer stock
+  rules were agreed in London last week.
+      Ministry of Primary Industries officials said in January
+  the cabinet would decide on Malaysia's participation, but so
+  far a decision has not been announced. The government is said
+  to be in favour of joining the pact, but local cocoa growers
+  and traders told Reuters they are against the idea because
+  certain provisions in it may be to their disadvantage.
+      Malaysia is the world's fourth largest cocoa producer. The
+  government feels that the pact, through its buffer stock
+  mechanism, can help stabilise prices in a market which is
+  labouring under surpluses, officials said.
+      But growers and traders are concerned Malaysia's
+  participation in the pact will require them to pay a levy for
+  exports of cocoa to non-member countries of the ICCA.
+      They estimate the levy at around 100 ringgit a tonne at
+  current prices and said they are not prepared to accept it
+  because a big portion of Malaysia's cocoa exports, officially
+  estimated at 112,000 tonnes in 1986, goes to non-members.
+      Most growers and traders added they are also against a
+  buffer stock measure under the agreement which requires
+  withholding of cocoa stocks when prices slump.
+      Malaysia, which produced 117,000 tonnes of cocoa last year,
+  might be forced to withhold up to 70,000 tonnes worth some 30
+  mln ringgit under such a measure in the long-term, and this
+  might affect their economic viability, they said.
+      "The cost of maintaining such a stock can be high and it
+  will be a real messy business for the government and the trade
+  if it ever occurs," an industry source said.
+      The growers and traders also said that under new buffer
+  stock rules Malaysia can continue to benefit even if it is not
+  a member of the pact, as the buffer stock manager is also
+  allowed to buy from non-members for the stockpile.
+      Under the new rules purchases from non-members, such as
+  Malaysia, will be limited to 15 pct of the total stock.
+      Malaysia has come under pressure from some producers to
+  join the pact soon, officials said, but they noted that it need
+  not rush to do so as there are provisions which allow countries
+  to join the agreement even at a later date.
+  
+
diff --git a/reuters/training/11844 b/reuters/training/11844
new file mode 100644
index 0000000000000000000000000000000000000000..e29fcf6d58c3a1987d4db8481cc7039e587610e1
--- /dev/null
+++ b/reuters/training/11844
@@ -0,0 +1,13 @@
+CURRENCY INSTABILITY WILL NOT LAST - SUMITA
+  Bank of Japan Governor Satoshi Sumita said
+  the present foreign exchange market instability will not last
+  long as there is caution in the market regarding the rapid
+  decline of the U.S. Unit.
+      He told reporters the major currency nations are determined
+  to continue their concerted intervention whenever necessary to
+  stave off speculative dollar selling in line with their
+  February 22 currency stability agreement in Paris.
+      Sumita also said he did not see the recent dollar drop as
+  anything like a free-fall.
+  
+
diff --git a/reuters/training/11847 b/reuters/training/11847
new file mode 100644
index 0000000000000000000000000000000000000000..74e4d45477893215b446040a8be7bb691f75a8ad
--- /dev/null
+++ b/reuters/training/11847
@@ -0,0 +1,14 @@
+BOND CORP COMPLETES CONSOLIDATED PRESS PURCHASE
+  Bond Corp Holdings Ltd <BONA.S> said it
+  has completed the 1.05 billion dlr purchase of the electronic
+  media interests of unlisted <Consolidated Press Holdings Ltd>.
+      The new company <Bond Media Ltd> now holds the television,
+  broadcasting and associated businesses previously held by Kerry
+  Packer's Consolidated, Bond Corp said in a statement.
+      Packer, who made the sale in January, will be a director of
+  Bond Media. As previously reported, Bond Media will be publicly
+  floated with a rights issue to Bond Corp shareholders. Bond
+  Media will be 50 pct owned by Bond Corp and is expected to be
+  listed by the end of May, it said.
+  
+
diff --git a/reuters/training/11848 b/reuters/training/11848
new file mode 100644
index 0000000000000000000000000000000000000000..d22360ccf8160af476a0d6920cdccc8649385b28
--- /dev/null
+++ b/reuters/training/11848
@@ -0,0 +1,24 @@
+H.K. BANKS TO RAISE PRIME RATES SOON, DEALERS SAY
+  Banks in Hong Kong are likely to raise
+  prime rates by half a percentage point to 6-1/2 pct following a
+  one-quarter point prime rate increase by two major U.S. Banks
+  yesterday, dealers said.
+      They told Reuters local banks may decide on the increase at
+  this weekend's routine meeting of the Hong Kong Association of
+  Banks.
+      G.C. Goh, chief dealer of the Standard Chartered Bank, said
+  prime rate increases by Citibank and Chase Manhattan Bank to
+  7-3/4 pct from 7-1/2 may prompt Hong Kong banks to follow suit.
+      Goh said local banks want to restore the prime to 6-1/2
+  pct, the level at beginning of 1987.
+      The banks raised the prime to the current six pct from five
+  pct on February 28 after cutting it 1-1/2 points from 6-1/2 on
+  January 15 in response to upside pressure on the Hong Kong
+  dollar, he said.
+      The medium and longer term interbank rates firmed today,
+  with three months ending at 5-1/16 to 4-7/8 pct against
+  yesterday's five to 4-13/16 close. The overnight rate, however,
+  fell to 3-1/2 to three pct from 4-1/2 to four because of
+  increased liquidity for a local stock issue.
+  
+
diff --git a/reuters/training/1185 b/reuters/training/1185
new file mode 100644
index 0000000000000000000000000000000000000000..4949482c977a9461c6cf27a72c20f1df066dd4f7
--- /dev/null
+++ b/reuters/training/1185
@@ -0,0 +1,8 @@
+ONE OFFER FOR SRW WHEAT ON CALL SESSION, NO MILO
+  One offer but no bid was posted for SRW
+  wheat on the call session at the St Louis Merchants Exchange
+  today. There were no bids or offers for milo.
+      June 15-July 15 bill of lading for wheat was offered at 17
+  over July, no comparison, no bid.
+  
+
diff --git a/reuters/training/11850 b/reuters/training/11850
new file mode 100644
index 0000000000000000000000000000000000000000..4b37762853ee69a579395171aec3c0c5ce8587b9
--- /dev/null
+++ b/reuters/training/11850
@@ -0,0 +1,21 @@
+GUARDIAN ROYAL PROFIT UP SHARPLY AT 143.8 MLN STG
+  Year to Dec 31
+      Shr profit 63.6p vs loss 8.7p
+      Final div 24p making 34p vs total 28.75p
+      Pretax profit 143.8 mln stg vs 3.5 mln
+      General underwriting loss on short-term business 79.8 vs
+  154.3
+      NOTE - Company's full name is Guardian Royal Assuance Plc
+  <GREX.L>
+      Underwriting profit on long-term insurance business 21.6
+  mln stg vs 19.1 mln
+      Loss on discontinued international professional indemnity
+  business nil vs 40.6 mln stg
+      Investment income 213.8 mln stg vs 193.6 mln
+      Less interest payable 11.8 mln stg vs 14.3 mln
+      Tax 38.8 mln stg vs 15.0 mln Minorities 3.3 mln stg vs 2.3
+  mln
+      Extraordinary item - contingency claims provisions on
+  discontinued international business nil vs 55.0 mln stg
+  
+
diff --git a/reuters/training/11852 b/reuters/training/11852
new file mode 100644
index 0000000000000000000000000000000000000000..4f2078d4f904051a82a25b2bf2d61d24c9bc6b84
--- /dev/null
+++ b/reuters/training/11852
@@ -0,0 +1,22 @@
+PRECIOUS METALS CLIMATE IMPROVING, SAYS MONTAGU
+  The climate for precious metals is
+  improving with prices benefiting from renewed inflation fears
+  and the switching of funds from dollar and stock markets,
+  brokers Samuel Montagu and Co Ltd said.
+      Silver prices in March gained some 15 pct in dlr terms due
+  to a weak dollar and silver is felt to be fairly cheap relative
+  to gold, Montagu said in its monthly silver newsletter. In
+  March the gold/silver ratio narrowed from 74 to less than 67.
+      The supply/demand position has improved in the past year,
+  and despite a silver market surplus, the quantity of silver is
+  modest enough to be absorbed by investors, it added.
+      The report said the firmness in oil prices was likely to
+  continue in the short term.
+      A period of consolidation might be necessary before prices
+  attempted to move significantly higher,it said, but so long as
+  the dollar remains under pressure then the outlook for silver
+  was positive.
+      However silver was less likely to continue to outpace the
+  other metals by such a margin, Montagu said.
+  
+
diff --git a/reuters/training/11854 b/reuters/training/11854
new file mode 100644
index 0000000000000000000000000000000000000000..47037764b0a7fc9ba9c8b91da8639c094d89fa7a
--- /dev/null
+++ b/reuters/training/11854
@@ -0,0 +1,10 @@
+SWEDISH MATCH SELLS PORTUGUESE UNIT
+  Swedish Match AB <SMBS.ST> said it was
+  selling one of its Portuguese subsidiaries, <Sociedade de
+  Iniciativa e Aproveitamentos Florestais Sarl> (SIAF), to the
+  Porto-based <Sonae Group> for an undisclosed price.
+      SIAF, a subsidiary of Swedish Match since 1946, had a
+  turnover last year of 62 mln crowns, the Swedish group said in
+  a statement.
+  
+
diff --git a/reuters/training/11855 b/reuters/training/11855
new file mode 100644
index 0000000000000000000000000000000000000000..c40cc4ffb6b810ae4addbbcf9d34890ee859a02a
--- /dev/null
+++ b/reuters/training/11855
@@ -0,0 +1,11 @@
+SUN LIFE ASSURANCE profit up
+  Year 1986
+      DIV 18.1p making 28.5p vs 23.74p
+      PROFIT AFTER TAX 17.4 mln stg vs 14.1 mln
+      TAX 0.7 mln stg vs 0.2 mln
+      Bonus distribution rose to new record level of 125.1 mln
+  stg vs 114.9 mln in 1985
+      Full name of company is Sun Life Assurance Society Plc
+  <SULL.L>.
+  
+
diff --git a/reuters/training/11856 b/reuters/training/11856
new file mode 100644
index 0000000000000000000000000000000000000000..571ca04eb1ac8aa4af744d5a973851e5233741fd
--- /dev/null
+++ b/reuters/training/11856
@@ -0,0 +1,7 @@
+SUN ALLIANCE PRETAX PROFIT 180.4 MLN STG VS 37.7 MLN FOR
+1986
+
+  SUN ALLIANCE PRETAX PROFIT 180.4 MLN STG VS 37.7 MLN FOR
+  1986
+  
+
diff --git a/reuters/training/11858 b/reuters/training/11858
new file mode 100644
index 0000000000000000000000000000000000000000..ec6d7923f91e9175793b547be2149b597e6ede0b
--- /dev/null
+++ b/reuters/training/11858
@@ -0,0 +1,13 @@
+LOWER INTEREST RATES SEEN FOLLOWING IRISH BUDGET
+  Financial markets welcomed public
+  spending cuts announced by Ireland's new minority government in
+  its budget, saying the move would lead to lower interest rates.
+      Finance Minister Ray MacSharry, making cuts across the
+  board, reduced the Exchequer Borrowing Requirement to 1.85
+  billion punts, 10.7 pct of GNP, compared with 2.15 billion
+  punts or 13 pct of GNP last year.
+      Allied Irish Banks foreign exchange dealer John Kearney
+  commented: "I would see interest rates coming down by two to 2.5
+  pct in the next three months."
+  
+
diff --git a/reuters/training/11859 b/reuters/training/11859
new file mode 100644
index 0000000000000000000000000000000000000000..d87a3bc11fe00b59151d314db633249d2fb3dafa
--- /dev/null
+++ b/reuters/training/11859
@@ -0,0 +1,16 @@
+SUN ALLIANCE reports sharp profit rise
+  Year 1986
+      Shr 64.2p vs 14p
+      Div 16p making 23.5p vs 17.5p
+      Pretax profit 180.4 mln stg vs 37.7 mln
+      Net after tax 137.1 mln vs 34.9 mln
+      Minorities 10.5 mln vs 7.2 mln
+      General premium income 1.99 billion stg vs 1.78 billion
+      Long term premium income 704.5 mln vs 576.6 mln
+      General insurance underwritng loss 78.3 mln vs 183.4 mln
+      Long term insurance profits 27.3 mln vs 20.9 mln
+      Investment and other income 231.4 mln vs 200.2 mln.
+      Company's full name is Sun Alliance and London Insurance
+  Plc <SUNL.L>.
+  
+
diff --git a/reuters/training/11860 b/reuters/training/11860
new file mode 100644
index 0000000000000000000000000000000000000000..edcfb142414557f007b98bf2485405dc86583edf
--- /dev/null
+++ b/reuters/training/11860
@@ -0,0 +1,14 @@
+BOLIDEN SAYS IT NOW LEADER IN MINING GEAR
+  Swedish mining and metals group
+  Boliden AB <BLDS.ST> said the takeover of the U.S.
+  Allis-Chalmers Corp's <AH.O> mining machinery division made it
+  the world's leading maker of such equipment.
+      President Kjell Nilsson, announcing the 600 mln crown deal,
+  told a news conference Boliden would now become a truly
+  international concern with operations in Brazil, Chile and
+  other big minerals-producing nations.
+      He said the Allis-Chalmers' division, accounting for some
+  50 pct of the U.S. Group's sales, would fit in well into
+  Boliden.
+  
+
diff --git a/reuters/training/11861 b/reuters/training/11861
new file mode 100644
index 0000000000000000000000000000000000000000..69a62e34abe7e39cfd455d246ffb9455d1a00d9c
--- /dev/null
+++ b/reuters/training/11861
@@ -0,0 +1,26 @@
+U.S. CREDIT MARKET OUTLOOK - PRIME RATE
+  The prospect that other banks will
+  follow industry leaders Citibank and Chase Manhattan in raising
+  their prime rate is likely to cast a pall over the credit
+  markets today, economists said.
+      Bond prices had been making a smart recovery from two days
+  of heavy selling when Citibank surprised the market by
+  announcing a quarter-point increase in its prime rate to 7-3/4
+  pct. Chase Manhattan quickly followed.
+      Prices quickly fell by a full point, even though the dollar
+  - the market's overriding concern of late - rose sharply on the
+  news.
+      Citibank cited the higher cost of money, especially in the
+  Euromarket, as the reason for raising its prime rate.
+      Part of this rise in market rates has been caused by fears
+  of a tighter Federal Reserve policy to defend the dollar, but
+  economists said it is too early to tell whether the Fed, whose
+  policy-making federal open market committee, FOMC, meets this
+  week, is already tightening its grip on credit.
+      "The Fed seems to have been a bit slow in meeting the
+  banking system's reserve needs this statement period, but I
+  wouldn't conclude anything until I've seen the Fed data," said
+  Jeffrey Leeds of Chemical Bank.
+   REUTER^M
+  
+
diff --git a/reuters/training/11862 b/reuters/training/11862
new file mode 100644
index 0000000000000000000000000000000000000000..e3dd24b7b4e36d991efe6af3154ea034822e0ea9
--- /dev/null
+++ b/reuters/training/11862
@@ -0,0 +1,11 @@
+CEREALS MCAS TO BE UNCHANGED NEXT WEEK
+  Monetary compensatory amounts, MCA's,
+  will be unchanged for the week starting April 6, EC Commission
+  officials said.
+      Cereals MCA's are plus 2.4 points for West Germany and the
+  Netherlands, minus two points for Denmark, minus eight points
+  for France, minus nine for Ireland, minus 5.7 for Italy, minus
+  25.7 for Britain, minus 44.1 for Greece and minus 10.5 for
+  Spain.
+  
+
diff --git a/reuters/training/11863 b/reuters/training/11863
new file mode 100644
index 0000000000000000000000000000000000000000..f5f81dcbb48ac2ddb6506ed7bd0c10a5328760e7
--- /dev/null
+++ b/reuters/training/11863
@@ -0,0 +1,50 @@
+U.S. SUPREME COURT ALLOWS DELTA-WESTERN MERGER
+  U.S. Supreme Court Justice Sandra Day
+  O'Connor early this morning lifted an Appeals Court injunction
+  blocking the planned merger of Delta <DAL> Airlines
+  Inc and Western Airlines <WAL>, the Court said.
+      O'Connor's action came hours after a three-judge panel of
+  the 9th U.S. Circuit Court of Appeals in San Francisco had
+  blocked the merger until a dispute over union representation
+  had been settled by arbitration.
+      A Supreme Court spokesman said O'Connor granted a stay of
+  the injuction, allowing the merger, worth nearly 860 mln dlrs,
+  to go through as planned later today.
+      The Supreme Court spokesman provided no other details. Each
+  of the nine Supreme Court justices has jurisdiction over a
+  particular regional Appellate circuit and has the power to
+  provisionally overturn its rulings without comment.
+      The Appeals Court ruling surprised officials of
+  Atlanta-based Delta, which had been preparing for the merger
+  for months and had already painted Delta logos on airplanes
+  belonging to Western, which has headquartera in Los Angeles.
+      "Our plans were to finalize the merger at midnight tonight,"
+  Delta spokesman Bill Berry told the Atlanta Constitution late
+  last night. "There was really very little that remained to be
+  done."
+      The ruling in San Francisco came in a lawsuit that had been
+  filed in a Los Angeles federal court in which the Air Transport
+  Employees union sought to force Western's management to fulfill
+  a promise that it would honor union contracts if a merger took
+  place.
+      The airlines argued that Western's promise could not be
+  enforced in a takeover by a larger company.
+      After learning of the appeals court ruling, Delta officials
+  last night spread the word by telephone that Western employees
+  should report for work today in their old uniforms, not in new
+  Delta outfits.
+      Delta announced last September that it was purchasing
+  Western. The merger took place in December, and Western has
+  been operated as a Delta subsidiary since then. The Western
+  name was to have disappeared at midnight last night.
+      At issue is whether the Western unions would continue to
+  represent Western employees after the integration of the two
+  airlines.
+      While all but eight pct of Western's 11,000 employees are
+  unionized, only Delta's pilots are union members.
+      Delta had maintained that the three unions having contracts
+  with Western -- The Association of Flight Attendants and the
+  Teamsters, as well as the Air Transport Employees -- would be
+  "extinguished" after today.
+  
+
diff --git a/reuters/training/11864 b/reuters/training/11864
new file mode 100644
index 0000000000000000000000000000000000000000..c9800a4fab6bb8a453a5e7e41ea60897fce6d8d6
--- /dev/null
+++ b/reuters/training/11864
@@ -0,0 +1,7 @@
+U.K. MONEY MARKET DEFICIT REVISED DOWNWARDS
+  The Bank of England said it has revised
+  its estimate of today's shortfall to around 1.25 billion stg
+  from 1.3 billion before taking account of 775 mln stg morning
+  assistance.
+  
+
diff --git a/reuters/training/11866 b/reuters/training/11866
new file mode 100644
index 0000000000000000000000000000000000000000..9dbd3f37df4b8907c1bd455533eb43a35b924ed0
--- /dev/null
+++ b/reuters/training/11866
@@ -0,0 +1,31 @@
+ICO COFFEE PRODUCERS TO DISCUSS MARKET SITUATION
+  International Coffee Organization, ICO,
+  producers will meet at 1500 GMT (0900 est) for a general
+  discussion of the market situation, producer spokesman
+  Lindenberg Sette said.
+      The Brazilian delegate said several producers requested the
+  meeting but Brazil was not among them. The ICO executive
+  board's regular session this week has so far been confined to
+  routine matters, with no attempt by producers or consumers to
+  revive export quota negotiations, delegates said.
+      Talks to restore quotas collapsed early last month when
+  producers and consumers failed to resolve differences on how
+  quotas should be allocated.
+      Producer delegates said there was no sense of urgency among
+  producers to reopen quota talks with consumers, with most
+  countries now prepared to wait for the ICO's annual September
+  council session to restart negotiations.
+      Members of the Inter-African Coffee Organization called for
+  today's producer meeting to exchange views on the market
+  situation, the producer delegates said.
+      The lack of a new debate on export quotas here this week
+  was cited as the reason for renewed weakness in coffee prices
+  in London and New York futures, traders said.
+      Near May in London hit a five-year low this morning at
+  1,220 stg, about 50 stg below last night's close, they said.
+      The executive board session looks set to end today,
+  following a final session at 1600 GMT (1000 est) when a
+  consultancy report of the operation of the ICO will be
+  presented to producers and consumers, delegates added.
+  
+
diff --git a/reuters/training/11867 b/reuters/training/11867
new file mode 100644
index 0000000000000000000000000000000000000000..4822a5048fa9ef842eb2d772fd2ece356ea1dea4
--- /dev/null
+++ b/reuters/training/11867
@@ -0,0 +1,13 @@
+CITADEL <CDL> SETTLES WITH GREAT WESTERN <GWF>
+  Citadel Holding Corp said it
+  has settled its litigation with Great Western Financial corp.
+      The company said under the terms, Great Western has agreed
+  not to acquire or seek to acquire any voting securities of
+  Citadel or propose a merger with Citadel for five years, and
+  Citadel has paid Great Western six mln dlrs.
+      Citadel said it is continuing to pursue its claims against
+  Salomon Inc <SB>, which represented it in connection with the
+  disputed proposed merger with Great Western that was the
+  subject of the litigation.
+  
+
diff --git a/reuters/training/11871 b/reuters/training/11871
new file mode 100644
index 0000000000000000000000000000000000000000..5854687bc8c71dbfb9bf311d31aa424597afc7dd
--- /dev/null
+++ b/reuters/training/11871
@@ -0,0 +1,7 @@
+SOSNOFF ENDS DEAL WITH PRATT, SOUTHMARK ON POSSIBLE
+VENTURE FOR CAESARS BID    
+
+  SOSNOFF ENDS DEAL WITH PRATT, SOUTHMARK ON POSSIBLE
+  VENTURE FOR CAESARS BID    
+  
+
diff --git a/reuters/training/11872 b/reuters/training/11872
new file mode 100644
index 0000000000000000000000000000000000000000..1cff3cd8f68f872fdee3d08d5700ad1a12f9c4c0
--- /dev/null
+++ b/reuters/training/11872
@@ -0,0 +1,14 @@
+BP <BP> STARTS BID FOR STANDARD OIL <SRD> SHARES
+  British Petroleum Co PLC said it has
+  started its previously announced 7.4 billion dlr offer to
+  purchase the 45 pct interest in Standard Oil Co that it does
+  not already own for 70 dlrs per share.
+      In a newspaper advertisement, the company said the offer,
+  which is not conditioned on receipt of any minimum number of
+  shares, and associated withdrawal rights will expire April 28
+  unless extended.
+      BP said it is asking Standard Oil for the use of its
+  shareholder list in disseminating the offer, on which the
+  Standard board has not yet taken a position.
+  
+
diff --git a/reuters/training/11873 b/reuters/training/11873
new file mode 100644
index 0000000000000000000000000000000000000000..0d34876cbced9d171994edfb3d06d22d6234649b
--- /dev/null
+++ b/reuters/training/11873
@@ -0,0 +1,14 @@
+VISUAL TECHNOLOGY <VSALC> CONTROL CHANGES
+  Visual Technology Inc said a group
+  led by <Hambrecht and Quist Group> has acquired majority
+  ownership of Visual for 9,250,000 dlrs in equity financing.
+      The company said Hambrecht and Quist president William R.
+  Hambrecht and three other Hambrecht and Quist representatives
+  have been named to the Visual board, with Robert M. Morrill,
+  managing partner of the Boston office of Hambrecht's Hambrecht
+  and Quist Venture Partners unit named chairman.  Clifford G.
+  Zimmer Jr. remains president and chief executive officer.
+      Visual also said about nine mln dlrs of its debt has been
+  converted to equity.
+  
+
diff --git a/reuters/training/11876 b/reuters/training/11876
new file mode 100644
index 0000000000000000000000000000000000000000..2a3d802ad39a0d81483364fe2e358865a05d592e
--- /dev/null
+++ b/reuters/training/11876
@@ -0,0 +1,7 @@
+CPC INTERNATIONAL TO SELL STAKES IN ASIAN UNITS FOR 340
+MLN DLRS TO AJINOMOTO   
+
+  CPC INTERNATIONAL TO SELL STAKES IN ASIAN UNITS FOR 340
+  MLN DLRS TO AJINOMOTO   
+  
+
diff --git a/reuters/training/11877 b/reuters/training/11877
new file mode 100644
index 0000000000000000000000000000000000000000..b418134230662cf3e758a2b0c5b31785ec581f93
--- /dev/null
+++ b/reuters/training/11877
@@ -0,0 +1,16 @@
+CAREPLUS INC <CPLS> 4TH QTR NET
+  Shr loss nil vs profit nil
+      Net loss 17,000 vs profit 31,000
+      Revs 5,429,000 up 27 pct
+      Year
+      Shr profit four cts vs profit five cts
+      Net profit 523,000 vs profit 421,000
+      Revs 18.3 mln vs 11.6 mln
+      Avg shrs 15.2 mln vs 8,941,000
+      NOTE: Year net includes tax credits of 131,000 dlrs vs
+  194,000 dlrs.
+      1986 net both periods includes charge 264,000 dlrs from
+  settlement of overtime wage dispute and addition to provision
+  for uncollectible accounts.
+  
+
diff --git a/reuters/training/11878 b/reuters/training/11878
new file mode 100644
index 0000000000000000000000000000000000000000..a8633166b027c922a7ff739603cbd033287cc1ed
--- /dev/null
+++ b/reuters/training/11878
@@ -0,0 +1,16 @@
+JOHN ADAMS LIFE CORP <JALC> 4TH QTR LOSS
+  Oper shr loss 24 cts vs profit 24 cts
+      Oper net loss 716,000 vs profit 729,000
+      Revs 3,673,000 vs 7,826,000
+      Avg shrs 2,930,000 vs 2,930,000
+      Year
+      Oper shr profit nil vs profit 1.31 dlrs
+      Oper net profit 10,000 vs profit 3,200,000
+      Revs 12.9 mln vs 26.3 mln
+      Avg shrs 2,930,000 vs 2,454,521
+      NOTE: Net excludes realized investment gains of 2,000 dlrs
+  vs 13,000 dlrs quarter and 104,000 dlrs vs 6,000 dlrs year.
+      1985 net both periods excludes 57,000 dlr extraordinary
+  gain.
+  
+
diff --git a/reuters/training/11879 b/reuters/training/11879
new file mode 100644
index 0000000000000000000000000000000000000000..c32671c95eb6ff66593a18b25f8098a43d213655
--- /dev/null
+++ b/reuters/training/11879
@@ -0,0 +1,6 @@
+TEMPO ENTERPRISES INC <TPO> YEAR NET
+  Shr 40 cts vs 36 cts
+      Net 2,309,000 vs 2,076,000
+      Revs 28.2 mln vs 30.4 mln
+  
+
diff --git a/reuters/training/1188 b/reuters/training/1188
new file mode 100644
index 0000000000000000000000000000000000000000..41b971fdc0dd0b0ee119af7b9051579ed7cf32f6
--- /dev/null
+++ b/reuters/training/1188
@@ -0,0 +1,16 @@
+UNITED HEALTHCARE CORP <UNIH> 4TH QTR NET
+  Shr 10 cts vs 13 cts
+      Net 1,553,000 vs 1,541,000
+      Revs 73.1 mln vs 32.1 mln
+      Avg shrs 15,474,000 vs 12,316,000
+      Year
+      Shr 47 cts vs 24 cts
+      Net 7,241,000 vs 2,835,000
+      Revs 216.2 mln vs 101.2 mln
+      Avg shrs 15,492,000 vs 11,921,000
+      Note: Net income includes extraordinary profit from
+  recognition of tax loss carryforward of 920,000 dlrs, or six
+  cts a share, in 1986 year, and of 785,000 dlrs, or seven cts a
+  share, in both 1985 periods.
+  
+
diff --git a/reuters/training/11880 b/reuters/training/11880
new file mode 100644
index 0000000000000000000000000000000000000000..466cc8f8c56af35e01365f87ed38c32d34e5bb6e
--- /dev/null
+++ b/reuters/training/11880
@@ -0,0 +1,14 @@
+SWEDEN RAISES FUEL TAXES TO FUND DEFENCE SPENDING
+  Sweden announced tax increases on
+  petrol and heating oil from July 1, 1987 to help finance a 1.7
+  pct rise in defence spending over the next five years.
+      A Finance Ministry statement said the increase should boost
+  the price of petrol by 0.13 crowns to an average of 4.21 crowns
+  per litre while light-grade heating oil would go up by 30
+  crowns per cubic metre to an average of 1,665 crowns.
+      It said oil companies should absorb part of the tax rise
+  internally and not pass it on to consumers as compensation for
+  a reduction in the stocks that the industry is required to keep
+  for Sweden's national petroleum reserve.
+  
+
diff --git a/reuters/training/11882 b/reuters/training/11882
new file mode 100644
index 0000000000000000000000000000000000000000..ae99472007f695d1574cf2f3217cd85098e02c50
--- /dev/null
+++ b/reuters/training/11882
@@ -0,0 +1,62 @@
+KENYAN MINISTER FORECASTS ECONOMIC EXPANSION
+  Kenya's economy will continue to expand
+  this year and the government will do more to encourage
+  investment by foreign firms and the local private sector,
+  Planning Minister Robert Ouko said.
+      He told a news conference that the government would soon
+  create a special bureau to expedite processing of investment
+  applications by local and foreign investors.
+      Praising the role of multinational companies and local
+  entrepreneurs in Kenya's economy, the minister promised to
+  maintain a close working contact with the private sector.
+      The economy grew by 5.3 pct last year, up from 4.1 pct in
+  1985, Ouko said.
+      This was owing to high prices for the country's coffee
+  exports, low oil prices, low inflation and rising real incomes,
+  he added.
+      "Despite rising petroleum prices and falling coffee prices,
+  Kenya's economy is still expected to improve in 1987," the
+  planning minister said.
+      "High aggregate demand arising from low inflation, trade
+  liberalisation and disciplined financial management are
+  expected to increase output in the manufacturing sector," he
+  said.
+      Agriculture would expand significantly if favourable
+  weather continued and farmers responded to producer price rises
+  announced in February, the minister added.
+      Kenyan farmers are anxiously awaiting the arrival of the
+  long rainy season, which is due to start about now.
+      Ouko said the production of Kenya's main cash crops
+  increased during the second half of last year.
+      Coffee deliveries to the state-run Coffee Board of Kenya
+  rose 17 pct and tea deliveries rose four pct during the period,
+  he said.
+      Ouko paid tribute to the private sector for its
+  contribution to the economy and promised to improve government
+  cooperation with businessmen by maintaining regular contact
+  with them.
+      "I wish to pay tribute to the private sector for its
+  contribution to the economy in 1986 and challenge it to
+  maintain the same spirit this year ... The manufacturing sector
+  grew by an estimated 5.8 pct in 1986, in line with the same
+  period the previous year," he said.
+      Ouko said the "one stop" bureau was intended to stimulate
+  investment and cut the time and bureacracy currently involved
+  in processing applications.
+      The planning minister presented a review of the Kenyan
+  economy during the second half of 1986 which showed inflation
+  falling to 4.3 pct from 10.2 a year earlier.
+      This was owing to higher agricultural production and the
+  Kenyan shilling's relative strength against other major
+  currencies, the report said.
+      The average exchange rate was 16.23 shillings per U.S. Dlr
+  last year, a fall of only 1.2 pct from 16.432 in 1985. The half
+  yearly report said exports increased about 30 pct in
+  July-December 1986, while imports rose by only six pct during
+  the period.
+      This gave Kenya an overall balance of payments surplus of
+  780 mln Kenya shillings (48 mln dlrs) during the period,
+  compared with a 1.4 billion shilling (87 mln dlr) deficit in
+  the second half of 1985, it said.
+  
+
diff --git a/reuters/training/11883 b/reuters/training/11883
new file mode 100644
index 0000000000000000000000000000000000000000..eb525389d73044842d5674d183bea6c709da9c77
--- /dev/null
+++ b/reuters/training/11883
@@ -0,0 +1,13 @@
+PEOPLES BAN CORP <PEOP> SEES 1ST QUARTER NET UP
+  Peoples Ban Corp said it expects to
+  report first quarter earnings of over six mln dlrs, including a
+  gain of 1,600,000 dlrs from the settlement of a dispute with
+  the Internal Revenue Service and the sale of four banking
+  offices in Vancouver, Wash.
+      The company said it expects to report "normal" earnings for
+  the rest ofd the year of 4,500,000 to five mln dlrs per
+  quarter.
+      Peoples earned 105,000 dlrs in last year's first quarter
+  and in all of 1986 lost 1,768,000 dlrs.
+  
+
diff --git a/reuters/training/11884 b/reuters/training/11884
new file mode 100644
index 0000000000000000000000000000000000000000..b92fbae608c49ee5ccae24fc81ec8aeaca034856
--- /dev/null
+++ b/reuters/training/11884
@@ -0,0 +1,14 @@
+MAXXAM GROUP INC <MXM> 4TH QTR LOSS
+  Shr loss 1.61 dlrs vs loss 47 cts
+      Net loss 19.2 mln vs loss 5,716,000
+      Revs 46.4 mln vs 11.0 mln
+      Year
+      Shr loss 2.01 dlrs vs loss 29 cts
+      Net loss 24.5 mln vs loss 3,548,000
+      Revs 150.2 mln vs 24.4 mln
+      NOTE: 1985 net includes tax credits of 7,336,000 dlrs in
+  quarter and 10.2 mln dlrs in year.
+      Results include 64.7 pct stake in Pacific Lumber Co from
+  December 1985 through February 1987 and 100 pct thereafter.
+  
+
diff --git a/reuters/training/11885 b/reuters/training/11885
new file mode 100644
index 0000000000000000000000000000000000000000..8d7ddba0b813ecb5f59a5c57860dd1a0828594c3
--- /dev/null
+++ b/reuters/training/11885
@@ -0,0 +1,32 @@
+FRENCH CEREAL EXPORTS THROUGH ROUEN UP IN MARCH
+  French cereals exports through Rouen port
+  rose to 751,563 tonnes between March 1 and March 25 from
+  603,413 tonnes in the same 1986 period, freight sources said.
+      The Soviet Union took 263,051 tonnes of wheat and barley,
+  Saudi Arabia 90,944 tonnes barley, China 87,259 wheat, Algeria
+  64,896 wheat, Bangladesh 30,000 wheat, Morocco 27,500 maize,
+  Greece 26,700 wheat and barley, Spain 25,124 wheat, Poland
+  24,683 wheat, Brazil 24,082 wheat, Italy 21,659 wheat, Cyprus
+  20,700 wheat and maize, Israel 16,500 maize and the U.K. 8,797
+  tonnes wheat.
+      Six ships are loading 120,000 tonnes of wheat, the sources
+  said. They include 30,000 tonnes for China, 31,000 for the
+  Soviet Union, 25,000 for Turkey, and 35,000 for Italy. Another
+  ship is loading 17,000 tonnes of colza for the Soviet Union.
+      Another 12 ships should arrive to load 344,000 tonnes of
+  cereals by the end of the week. Six are to load 186,000 tonnes
+  of wheat for the Soviet Union. Two will load 60,000 tonnes of
+  barley for Saudi Arabia, one 28,000 tonnes of wheat for China,
+  two 25,000 tonnes of wheat each for Algeria and Turkey and one
+  20,000 tonnes of wheat for Italy. Another is expected to load
+  20,000 tonnes of colza for the Soviet Union.
+      Flour exports through Rouen rose to 23,457 tonnes in the 25
+  day period from 5,500 in the equivalent 1986 period, the
+  sources said.
+      Sudan took 19,327 tonnes and west coast Africa 4,130.
+      Four ships are currently loading 32,000 tonnes, including
+  24,000 for Egypt, 6,000 for Tanzania and 2,000 for Mauritania.
+      A ship is expected later this week to load 12,000 tonnes
+  for China.
+  
+
diff --git a/reuters/training/11886 b/reuters/training/11886
new file mode 100644
index 0000000000000000000000000000000000000000..5d77d3c19d0c4869651b3b7e24081619dce0b094
--- /dev/null
+++ b/reuters/training/11886
@@ -0,0 +1,14 @@
+FAO APPROVES EMERGENCY FOOD AID FOR ETHIOPIA
+  The United Nations Food and Agriculture
+  Organization, FAO, said it approved emergency food aid worth
+  more than 14.3 mln dlrs for drought victims in Ethiopia.
+      The aid will include 30,000 tonnes of wheat and 1,200
+  tonnes of vegetable oil for farmers in the Wollo and Illubabor
+  regions.
+      FAO said it has also approved more than 1.4 mln dlrs of
+  food aid for 8,000 families in Sri Lanka. In addition, 583,225
+  dlrs of aid will be made available to Malawi to feed 96,700
+  people displaced from Mozambique and a further 340,200 dlrs for
+  cyclone victims in Vanuatu in the South Pacific.
+  
+
diff --git a/reuters/training/11888 b/reuters/training/11888
new file mode 100644
index 0000000000000000000000000000000000000000..2bda99b0358629b66ea38f08f92e4f180fd2e00c
--- /dev/null
+++ b/reuters/training/11888
@@ -0,0 +1,21 @@
+SOSNOFF ENDS PRATT <PRAT>/SOUTHMARK <SM> DEAL
+  Investor Martin T. Sosnoff said
+  Southmark Corp and affiliate Pratt Hotels Corp have ended talks
+  with his MTS Acquisition Corp on a possible joint venture for
+  the acquisition of Caesars World Inc.
+      Sosnoff said the talks had not been actively pursued since
+  they were announced March 20, but it had been agreed that
+  unless the discussions were formally terminated, Pratt and
+  Southmark would not initiate a competing tender offer for
+  Caesars World or take any other action that would hamper
+  Sosnoff's current offer to acquire all Caesars shares he does
+  not now own for 28 dlrs each.
+      Sosnoff said his 28 dlr per share bid for Caesars, which is
+  scheduled to expire May 15, still stands, and he remains
+  receptive to negotiating a transaction to buy Caesars on
+  friendly terms.
+      Pratt recently made an apparently unsuccessful bid to
+  acquire control of Resorts International Inc <RTB>, seeming to
+  lose out to Donald Trump.
+  
+
diff --git a/reuters/training/11891 b/reuters/training/11891
new file mode 100644
index 0000000000000000000000000000000000000000..194bf240437831fc033b41131e4066fa033cad78
--- /dev/null
+++ b/reuters/training/11891
@@ -0,0 +1,32 @@
+CPC INTERNATIONAL <CPC> TO SELL ASIAN STAKES
+  CPC International Inc
+  said said it has agreed in principle to sell interests in its
+  grocery products operations in Hong Kong, Malaysia, the
+  Philippines, Singapore, Taiwan and Thailand to <Ajinomoto Co
+  Inc> of Japan for 340 mln dlrs.
+      The company said the move will reduce Asian overhead and a
+  substantial part of the proceeds will be used to reduce debt.
+      It said as part of the agreement, its current direct
+  investment in its existing non-consolidated joint venture with
+  Ajinomoto will be converted into a cooperative arrangement for
+  the long-term utilization of technology and trademarks.
+      The company said the change in the Japanese arrangement
+  will give Ajinomoto full equity ownership while leaving CPC a
+  continuing earnings stream and cash flow.
+      The transactions are subject to definitive agreements and
+  government approvals.
+      CPC said not included in the 340 mln dlr consideration are
+  proceeds from the sale of some smaller Asian investments,
+  including a 51 pct equity interest in an oat-based food venture
+  to an Australian partner.
+      The company said the actions being taken under its
+  restructuring program, including the sale of its European corn
+  wet milling business and other assets, overhead reductions and
+  other expense items and the Asian transactions, will have a
+  one-time positive effect on 1987 earnings.
+      CPC said "Although the extent cannot yet be determined, the
+  company expects that 1987 earnings per share will increase by
+  substantially more than the previously estimated 20 pct
+  increase over 1986."  In 1986 CPC earned 2.30 dlrs per share.
+  
+
diff --git a/reuters/training/11892 b/reuters/training/11892
new file mode 100644
index 0000000000000000000000000000000000000000..a46afcfd32923fe49221f0e763561f6e79503993
--- /dev/null
+++ b/reuters/training/11892
@@ -0,0 +1,16 @@
+ENERGY DEVELOPMENT <EDP> COMPLETES MAY <MEP> BUY
+  Energy Development Partners Ltd said
+  it has completed the acquisition of May Energy Partners Ltd for
+  1,817,697 depositary units following approval yesterday by May
+  Energy unitholders.
+      Energy Development said May Petroleum Inc <MAYP>, general
+  partner of May Energy, will distribute about 35 Energy
+  Development units for each 100 May Energy Partners units to
+  holders of 100 May Energy Partnners units or more and cash to
+  others.
+      Energy Development said the transaction increases its units
+  outstanding to 12.6 mln and raises total proved reserves as of
+  the end of 1986 27 pct.  Angeles Corp <ANG> is general partner
+  of Energy Development.
+  
+
diff --git a/reuters/training/11893 b/reuters/training/11893
new file mode 100644
index 0000000000000000000000000000000000000000..402a6504d798c4c5af11e452afd2215408f06eed
--- /dev/null
+++ b/reuters/training/11893
@@ -0,0 +1,21 @@
+U.K. INTERVENTION BOARD DETAILS EC SUGAR SALES
+  A total 102,350 tonnes of current series
+  white sugar received export rebates of a maximum 46.864
+  European Currency Units (Ecus) per 100 kilos at today's
+  European Community (EC) tender, the U.K. Intervention Board
+  said.
+      Out of this, traders in France received 31,000 tonnes, in
+  West Germany 21,000, in Belgium 19,050, in the U.K. 15,800, in
+  Denmark 8,500, in the Netherlands 6,000 and in Spain 1,000
+  tonnes, it added.
+      Earlier today, London traders had expected the subsidy for
+  the current season whites campaign for licences to end-Sep to
+  be around 46.80 Ecus per 100 kilos while French traders had put
+  the rebate at around 46.40 Ecus.
+      Traders here had also forecast today's total authorised
+  sugar tonnage export awards up to 100,000 tonnes versus 59,000
+  last week when the restitution was 45.678 Ecus.
+      Total export authorisations for the 1985/86 campaign (42
+   weeks) now stand at 2,076,620 tonnes.
+  
+
diff --git a/reuters/training/11894 b/reuters/training/11894
new file mode 100644
index 0000000000000000000000000000000000000000..14dce3f5085e617666b60ae855bec994848bf55a
--- /dev/null
+++ b/reuters/training/11894
@@ -0,0 +1,12 @@
+TURKISH INFLATION INCREASES IN MARCH
+  Inflation in Turkey was 3.7 pct in March
+  compared with 1.7 pct in February and 1.3 pct in March 1986,
+  the State Statistics Institute said.
+      The annual rate rose to 34.7 pct in March compared with
+  31.7 pct in February and 34.2 pct in March 1986. The
+  government's target is to reduce inflation this year to an
+  annual 20 pct.
+      The consumer price index, base 1978/79, was 1,957.3
+  compared with 1,886.8 in February and 1,452.7 in March, 1986.
+  
+
diff --git a/reuters/training/11895 b/reuters/training/11895
new file mode 100644
index 0000000000000000000000000000000000000000..4875d3ec78fd95c20ca63c6e2b28d0f074bfc40a
--- /dev/null
+++ b/reuters/training/11895
@@ -0,0 +1,13 @@
+SCHERING-PLOUGH <SGP> MULLS DR. SCHOLL'S SALE
+  Schering-Plough corp said it is
+  considering the sale of its Dr. Scholl's businesses in Europe,
+  Latin America and the Far East, which had sales of about 150
+  mln dlrs in 1986.
+      The company said the transaction is not expected to have a
+  material impact on earnings.  It said it has engaged Merrill
+  Lynch and Co Inc <MER> to assist in the sale process.
+      Schering said it will retain Dr. Scholl's businesses in the
+  U.S., Canada and Puerto Rico, which had sales of about 135 mln
+  dlrs last year.
+  
+
diff --git a/reuters/training/11896 b/reuters/training/11896
new file mode 100644
index 0000000000000000000000000000000000000000..0ce059b88cb067399f695426766868a812d3ef98
--- /dev/null
+++ b/reuters/training/11896
@@ -0,0 +1,12 @@
+FAMILY DOLLAR STORES INC <FDO> 2ND QTR FEB 28
+  Shr 28 cts vs 31 cts
+      Net 8,117,095 vs 8,954,904
+      Sales 146.7 mln vs 133.0 mln
+      Avg shares 29.0 mln vs 28.9 mln
+      First half
+      Shr 48 cts vs 53 cts
+      Net 13.8 mln vs 15.2 mln
+      Sales 273.0 mln vs 242.1 mln
+      Avg shrs 29.0 mln vs 28.9 mln
+  
+
diff --git a/reuters/training/11898 b/reuters/training/11898
new file mode 100644
index 0000000000000000000000000000000000000000..404a6e10006438654c9947bef96908d677f686f6
--- /dev/null
+++ b/reuters/training/11898
@@ -0,0 +1,17 @@
+MCO HOLDINGS INC <MCO> 4TH QTR LOSS
+  Oper shr loss 2.27 dlrs vs loss 1.62 dlrs
+      Oper net loss 12.7 mln vs loss 12.1 mln
+      Revs 60.0 mln vs 26.2 mln
+      Year
+      Oper shr loss 5.16 dlrs vs loss 1.56 dlrs
+      dOper net loss 29.0 mln vs loss 12.4 mln
+      Revs 139.3 mln vs 110.0 mln
+      NOTE: 1985 operating losses exclude profits of 19.5 mln
+  dlrs, or 2.64 dlrs a share, in quarter and 20.6 mln dlrs, or
+  2.74 dlrs a share, in year from discontinued operations
+      1985 loss in both periods includes pre-tax charge of 16.9
+  mln dlrs on write down of oil properties.
+      1986 year loss includes pre-tax charge of 23.0 mln dlrs for
+  write down of oil and gas properties.
+  
+
diff --git a/reuters/training/11900 b/reuters/training/11900
new file mode 100644
index 0000000000000000000000000000000000000000..02902dfc2778c52feb20c08500f65df590cf6c98
--- /dev/null
+++ b/reuters/training/11900
@@ -0,0 +1,9 @@
+BUNDESBANK WILL NOT HOLD PRESS CONFERENCE TOMORROW
+  The Bundesbank will not hold a press
+  conference after its regular fortnightly council meeting
+  tomorrow, a spokesman said in answer to enquiries.
+      Bundesbank vice-president Helmut Schlesinger will chair the
+  meeting, as president Karl Otto Poehl has a private engagement.
+      The next meeting is scheduled for April 16.
+  
+
diff --git a/reuters/training/11903 b/reuters/training/11903
new file mode 100644
index 0000000000000000000000000000000000000000..76c2df1a47351b55fbe3caca2fd1843c7d988903
--- /dev/null
+++ b/reuters/training/11903
@@ -0,0 +1,7 @@
+MANUFACTURERS HANOVER RAISES PRIME RATE TO 7-3/4 PCT FROM
+7-1/2, EFFECTIVE TODAY
+
+  MANUFACTURERS HANOVER RAISES PRIME RATE TO 7-3/4 PCT FROM
+  7-1/2, EFFECTIVE TODAY
+  
+
diff --git a/reuters/training/11904 b/reuters/training/11904
new file mode 100644
index 0000000000000000000000000000000000000000..8836c49db6f12808a57ceabfdb69fc43982cced5
--- /dev/null
+++ b/reuters/training/11904
@@ -0,0 +1,9 @@
+RANSBURG CORP <RBG> 1ST QTR FEB 28 LOSS
+  Oper shr loss 19 cts vs profit one ct
+      Oper net loss 1,495,000 vs profit 50,000
+      Revs 52.3 mln vs 48.9 mln
+      NOTE: Earnings exclude gains from utilization of tax loss
+  carryforwards of 82,000 dlrs, or one ct a share vs 300,000
+  dlrs, or three cts a share
+  
+
diff --git a/reuters/training/11905 b/reuters/training/11905
new file mode 100644
index 0000000000000000000000000000000000000000..cf157c44eeda09077d487cd91893afe9fa3ffbe4
--- /dev/null
+++ b/reuters/training/11905
@@ -0,0 +1,7 @@
+CONRAC CORP REJECTS MARK IV INDUSTRIES TENDER OFFER,
+EXPLORES ALTERNATIVES
+
+  CONRAC CORP REJECTS MARK IV INDUSTRIES TENDER OFFER,
+  EXPLORES ALTERNATIVES
+  
+
diff --git a/reuters/training/11907 b/reuters/training/11907
new file mode 100644
index 0000000000000000000000000000000000000000..5bd657adcae55a8ef817f02e6b19b01be827670f
--- /dev/null
+++ b/reuters/training/11907
@@ -0,0 +1,9 @@
+MANUFACTURERS HANOVER <MHC> RAISES PRIME RATE
+  Manufacturers Hanover Trust Co became
+  the third major U.S. bank to increase its prime rate to 7-3/4
+  pct from 7-1/2, matching a move initiated yesterday by Citibank
+  and Chase Manhattan.
+      The bank, the main subsidiary of Manufacturers Hanover
+  Corp, said the new rate is effective today.
+  
+
diff --git a/reuters/training/11908 b/reuters/training/11908
new file mode 100644
index 0000000000000000000000000000000000000000..4e4e3d35fc60c2ddace4ba7d2fa53433de05c3a1
--- /dev/null
+++ b/reuters/training/11908
@@ -0,0 +1,6 @@
+SNYDER OIL PARTNERS LP <SOI> SETS QUARTERLY
+  Qtly div 30 cts vs 30 cts prior
+      Pay April 30
+      Record April 15
+  
+
diff --git a/reuters/training/11909 b/reuters/training/11909
new file mode 100644
index 0000000000000000000000000000000000000000..570f18fdb5cd2ce644236a61b05cfa813897e6df
--- /dev/null
+++ b/reuters/training/11909
@@ -0,0 +1,10 @@
+MEDAR <MDXR> ACQUIRES OWENS-ILLINOIS <OI> UNIT
+  Medar Inc said it
+  acquired Automatic Inspection Devices Inc, a subsidiary of
+  Owens-Illinois Inc, Toledo, Ohio, through an exchange of stock
+  for 80 pct of the company.
+      Automatic Designs and manufactures a line of machine vision
+  systems for the packaging, pharmaceutical, electronics and
+  consumer goods industries.
+  
+
diff --git a/reuters/training/1191 b/reuters/training/1191
new file mode 100644
index 0000000000000000000000000000000000000000..b6525a6875a59580e92a735bd2d97c76147dff65
--- /dev/null
+++ b/reuters/training/1191
@@ -0,0 +1,12 @@
+RAYTECH CORP <RAY> 4TH QTR DEC 28 NET
+  Shr profit 78 cts vs loss 1.05 dlrs
+      Net profit 2,336,000 vs loss 3,002,000
+      Revs 26.0 mln vs 26.7 mln
+      Year
+      Shr profit 1.59 dlrs vs loss 6.35 dlrs
+      Net profit 4,688,000 vs loss 18.2 mln
+      Revs 113.5 mln vs 112.4 mln
+      NOTE: 1986 4th qtr and yr includes loss carryfoward of
+  534,000 dlrs and 1,662,000 dlrs, respectively.
+  
+
diff --git a/reuters/training/11910 b/reuters/training/11910
new file mode 100644
index 0000000000000000000000000000000000000000..1db48aa81881d32bcab35493732c70cd687645c7
--- /dev/null
+++ b/reuters/training/11910
@@ -0,0 +1,20 @@
+ALLIS-CHALMERS <AH> ESTIMATES PROCEEDS OF SALE
+  Allis-Chalmers Corp said it
+  expects cash proceeds from the proposed sale of its solids
+  processing equipment and minerals systems businesses to exceed
+  90 mln dlrs, with no material gain or loss anticipated from the
+  planned sale.
+      Closing of the sale to Boliden AB of Sweden would be part
+  of the overall restructure of Allis-Chalmers, which was
+  announced on March Four, the company said.
+      Allis-Chalmers said the business entities included in the
+  transaction had total sales of about 250 mln dlrs in 1986, with
+  total employment of about 4,300.
+      The solids processing equipment business involves
+  manufacture of crushing and related equipment for mining. It
+  consists of operations in Sweden, Australia, Brazil, France,
+  Great Britain, Spain and Appleton, Wis.
+      The minerals systems business has operations in West Allis,
+  Wis., and Lachine, Quebec, Canada.
+  
+
diff --git a/reuters/training/11911 b/reuters/training/11911
new file mode 100644
index 0000000000000000000000000000000000000000..206b9e4ffb76425c0b05380b9a73694669c90b15
--- /dev/null
+++ b/reuters/training/11911
@@ -0,0 +1,19 @@
+ARGENTINE GRAIN SHIPPING SITUATION
+  One grain vessel was awaiting berth
+  at Bahia Blanca, four at Buenos Aires and five at Rosario, on
+  March 31, National Grain Board figures show.
+      The situation at these ports was as follows, giving the
+  number of ships loading, awaiting berth and expected
+  respectively.
+      Bahia Blanca - 4, 1, 1
+      Buenos Aires - 1, 4, 9
+      Rosario -      6, 5, 7
+      The tonnage of grain and oilseeds to be loaded onto ships
+  loading, awaiting berth and expected at each port was as
+  follows.
+      Bahia Blanca - Wheat 161,360.
+      Buenos Aires - Maize 104,304, Wheat 14,330.
+      Rosario - Wheat 50,400, maize 157,040, subproducts 50,100,
+  sunflowerseed 1,000 and millet 3,100.
+  
+
diff --git a/reuters/training/11913 b/reuters/training/11913
new file mode 100644
index 0000000000000000000000000000000000000000..8e14ef812b8f1f18d001362cfde49e8ee02e8396
--- /dev/null
+++ b/reuters/training/11913
@@ -0,0 +1,8 @@
+IRVING TRUST <V> RAISES PRIME RATE
+  Irving Trust Co said it is raising its
+  prime rate to 7-3/4 pct from 7-1/2, effective immediately.
+      It becomes the fourth U.S. bank to raise the rate,
+  following Citibank, Chase Manhattan and Manufacturers Hanover
+  Trust.
+  
+
diff --git a/reuters/training/11914 b/reuters/training/11914
new file mode 100644
index 0000000000000000000000000000000000000000..0c75db582d21ac7ae32271fc332f257ece996b54
--- /dev/null
+++ b/reuters/training/11914
@@ -0,0 +1,65 @@
+HOG REPORT SHOWS MORE HOGS ON FARMS
+  The USDA quarterly hogs and pig report
+  yesterday showed more hogs on U.S. farms compared to last year
+  as profitability resulting from low grain prices encouraged
+  producers to step up production, analysts said.
+      Most analysts seemed to agree with Chicago Mercantile
+  Exchange floor traders that the report will be viewed as
+  bearish to pork futures and futures prices may open sharply
+  lower today. Some traders and analysts expect limit declines in
+  nearby contracts, with spillover selling likely in cattle.
+      University of Missouri agronomist Glen Grimes said,"The
+  report shows that hog producers have responded to a very
+  desirable feeding ratio that they enjoyed for the past 10
+  months."
+      Shearson Lehman analyst Chuck Levitt said hog futures
+  prices are above producers' break even points. Even if futures
+  fell the daily limit of 1.50 cents today, producers could still
+  lock in a profit, which increases the likelihood of heavy
+  selling pressure today.
+      "We have not had a period of profitability of this
+  magnitude since last summer," Levitt said. "In fact, hog
+  operations on many mixed livestock/grain enterprises have been
+  so profitable that it actually enabled some farmers to get back
+  on their feet and refinance their loans just based on the hog
+  operation alone."
+      Levitt said the weight breakdown in the report also was
+  negative, in that some lead time was anticipated before the
+  slaughter increased from the previous year.
+      We expected farmers to increase hog operations, but we
+  didn't expect this degree of expansion to show up in a 10-state
+  spring report, Levitt added.
+      High hog corn ratios (the number of bushels of corn that
+  could be bought for 100 lbs of hog) and the resulting increased
+  profits, encouraged farmers and confinement operations to
+  increase production starting late last year.
+      Analysts also noted that part of the increase in the hog
+  herd resulted from a revision of the December report and
+  without the revision, the March report might have been very
+  close to average expectations.
+      Robin Fuller of Agri Analysis said the USDA made a major
+  upward revision of 105,000 head in the size of the breeding
+  herd in the December 1 report. So the December report was more
+  bearish than initially indicated.
+      But Fuller, as well as other analysts, expected the report
+  to be less negative on deferred futures contracts. Distant
+  contracts are already at a sharp discount to cash because
+  traders anticipated high farrowing intentions, she noted.
+      Discounts in the October and December contracts take into
+  consideration a six to seven pct increase in March/May
+  farrowing intentions, which was borne out in the March 1
+  report, Fuller said.
+      Grimes said, "As far as the distant months are concerned,
+  if our first quarter pig crop is up only six pct and under 60
+  lb inventories actually up only five pct, it would take a
+  tremendous discount in price for each percent increase for us
+  to push down to the prices that the current futures show for
+  the July and August period."
+      Jerry Abbenhaus, analyst for AGE Clearing noted that
+  distant futures prices are already 15 to 20 dlrs lower than
+  they were last summer.
+      "If cash hogs at the 7-markets last year averaged 61 dlrs
+  during July, that doesn't mean hogs have to be 15 dlrs cheaper
+  this year because we have six pct more numbers," he said.
+  
+
diff --git a/reuters/training/11915 b/reuters/training/11915
new file mode 100644
index 0000000000000000000000000000000000000000..351d3378929cd28c1a92db899d8511986fbeedd9
--- /dev/null
+++ b/reuters/training/11915
@@ -0,0 +1,12 @@
+CONRAC <CAX> REJECTS MARK IV <IV> OFFER
+  Conrac Corp said its board has
+  rejected MArk IV Industries Inc's tender offer for all Conract
+  shares at 25 dlrs each, and no Conract director of officer
+  plans to tender any shares.
+      The company said financial advisor <Goldman, Sachs and Co>
+  determined the price to be inadequate.
+      It said its board has instructed management to explore and
+  develop with financial and legal advisors alternative courses
+  of action to maximize shareholder values.
+  
+
diff --git a/reuters/training/11916 b/reuters/training/11916
new file mode 100644
index 0000000000000000000000000000000000000000..105d4c0a2d5b8c2e268374b098a5269dcc227ed7
--- /dev/null
+++ b/reuters/training/11916
@@ -0,0 +1,19 @@
+TAFT <TFB> HAD NOT COMPLETED TV STATION SALE
+  Taft Broadcasting Co said the
+  sale of its independent television stations to TVX Broadcast
+  Group, which had been set for yesterday, did not occur.
+      TVX and its investment bankers, Salomon Inc's <SB> Salomon
+  Brothers, advised Taft the closing would not be consumated as
+  scheduled, the company said.
+      TVX and Salomon also advised Taft they hope to be able to
+  close in near future, the company said, adding it is prepared
+  to close at any time.
+      A Taft spokeswoman referred all questions to TVX and
+  Salomon.
+      Taft agreed in November to sell the stations in
+  Philadelphia, Washington, Miami, Fort Worth-Dallas and Houston
+  TVX Broadcast for 240 mln dlrs.
+      At the time, Taft said the transaction would result in an
+  after tax charge of 45 to 50 mln dlrs.
+  
+
diff --git a/reuters/training/11918 b/reuters/training/11918
new file mode 100644
index 0000000000000000000000000000000000000000..c9f6793ea1194fc5e92f2c60271ff8266a7d232a
--- /dev/null
+++ b/reuters/training/11918
@@ -0,0 +1,25 @@
+THYSSEN SEES UP TO 20 PCT LOWER SALES IN 1986/87
+  Thyssen AG <THYH.F> expects a fall of
+  between 15 and 20 pct in consolidated turnover in 1986/87,
+  chief executive Dieter Spethmann said.
+      He told journalists the exact decline would depend on
+  dollar developments. The Thyssen group did over 50 pct of its
+  business outside West Germany.
+      Spethmann made no comment on 1986/87 group earnings. World
+  group net profit fell to 370.1 mln marks in the year ended
+  September 1986 from 472.4 mln a year earlier on group sales
+  which fell to 40.00 billion marks from a previous 44.32
+  billion.
+      Last week Spethmann told the annual meeting Thyssen
+  expected to post a good profit in 1986/87 despite expected
+  losses in the mass steel-making operations this year.
+      Spethmann said engineering turnover would not be lower this
+  year, but lower steel prices would result in a drop in steel
+  turnover and sales volume. This would also affect Thyssen's
+  trading operations, he said.
+      Spethmann also categorically denied a magazine article
+  published this week which spoke of a dispute between him and
+  Heinz Kriwet, management board chairman of Thyssen Stahl AG,
+  over planned job cuts in steel plants in the Ruhr area.
+  
+
diff --git a/reuters/training/1192 b/reuters/training/1192
new file mode 100644
index 0000000000000000000000000000000000000000..384f535d24ab749721c6a0e2aa0f62cdeccdd6ff
--- /dev/null
+++ b/reuters/training/1192
@@ -0,0 +1,7 @@
+DATAMAG INC <DMAG> 1ST QTR DEC 31 LOSS
+  Net loss 92,623 vs profit 11,209
+      Sales 93,483 vs 189,388
+      Note: per share data not available, as company went public
+  in January, 1987.
+  
+
diff --git a/reuters/training/11920 b/reuters/training/11920
new file mode 100644
index 0000000000000000000000000000000000000000..7c2237123a201d0b053b16bd82b22cfcd15349f7
--- /dev/null
+++ b/reuters/training/11920
@@ -0,0 +1,11 @@
+CYCLOPS <CYL> NAMES DIXONS OFFICIALS TO BOARD
+  Cyclops corp said it has
+  reconstituted its board to include three <Dixons Group PLC>
+  executives following Dixons' acquisition of 83 pct of Cyclops'
+  4,061,000 shares in a 95 dlr per share tender offer.
+      Cyclops said remaining on the six-member board are chairman
+  and chief executive W.H. Knoell, president and chief operating
+  officer James F. Will and senior vice president William D.
+  Dickey.
+  
+
diff --git a/reuters/training/11923 b/reuters/training/11923
new file mode 100644
index 0000000000000000000000000000000000000000..ba34385750886b2ed6453217d66e325226d76642
--- /dev/null
+++ b/reuters/training/11923
@@ -0,0 +1,7 @@
+SOUTHMARK <SM> COMPLETES ACQUISITION
+  Southmark Corp said it has completed the
+  purchase of Georgia International Life Insurance Co from
+  Capital Holding Corp <CPH> for cash and Southmark securities
+  worth over 85 mln dlrs.
+  
+
diff --git a/reuters/training/11925 b/reuters/training/11925
new file mode 100644
index 0000000000000000000000000000000000000000..fa62c7b7fd9d7b10a96c76cfd35df578d2fd6e2d
--- /dev/null
+++ b/reuters/training/11925
@@ -0,0 +1,13 @@
+VALHI <VHI> REPORTS PRO-FORMA EARNINGS
+  Valhi Inc, formed by the March 10 merger
+  of Amalgamated Sugar Co into LLC Corp, said it had unaudited
+  pro-forma earnings of 72 mln dlrs, or 61 cts a share, for the
+  six months ended December 31.
+      Valhi said these results were prepared as if the merger had
+  occurred July 1, 1986, and on substantially the same basis as
+  the pro-forma financial information in LLC's and Amalgamated's
+  joint proxy statement dated February 10.
+      Valhi said it has about 117 mln common shares outstanding
+  with about 85 pct held by <Contran Corp>.
+  
+
diff --git a/reuters/training/1193 b/reuters/training/1193
new file mode 100644
index 0000000000000000000000000000000000000000..4e3a9e5d56d2c0a8cc43615410051a3a628dfe15
--- /dev/null
+++ b/reuters/training/1193
@@ -0,0 +1,36 @@
+ROYAL BANK SEES IMPROVED RESULTS
+  <Royal Bank of Canada>, in reporting a
+  19 pct drop in first quarter earnings, said it expects to
+  report improved results in future earnings periods.
+      "Healthy consumer credit growth, record fee-based income,
+  highly profitable securities and foreign exchange trading, and
+  a solid capital position...combined with the restraint of
+  non-interest expenses, should lead to improved results in the
+  periods ahead," chairman Allan Taylor said in a statement.
+      The bank earlier reported profit for the first quarter
+  ended January 31 fell to 114 mln dlrs from 140 mln dlrs a year
+  ago.
+      Taylor said loans to the energy sector continue to
+  substantially hurt earnings while profitability of the bank's
+  international operations remains weak, reflecting
+  resource-related difficulties of private and public sector
+  borrowers and unsatisfactory results from capital market
+  activities.
+      The bank said earnings from domestic operations rose to 103
+  mln dlrs in the first quarter from 98 mln dlrs a year ago while
+  earnings from international operations plunged to 11 mln dlrs
+  from 42 mln dlrs last year.
+      Royal Bank said first quarter international net interest
+  income declined from last year, reflecting reduced revenues
+  from international investment banking as well as a significant
+  loss on disposal of its affiliate in Trinidad and Tobago.
+      Other income rose to 251 mln dlrs from 220 mln dlrs last
+  year. The rise was due to higher commercial banking and retail
+  deposit service fees, and higher foreign exchange revenue but
+  lower securities commissions from international investment bank
+  operations partly offset the gains, Royal Bank said.
+      The bank said a two billion dlr increase in total assets to
+  98.7 billion dlrs was due mainly to continued growth in
+  consumer lending, particularly residential mortgages.
+  
+
diff --git a/reuters/training/11930 b/reuters/training/11930
new file mode 100644
index 0000000000000000000000000000000000000000..75cbf8210fdf824c37837e2e791e075105793b1e
--- /dev/null
+++ b/reuters/training/11930
@@ -0,0 +1,6 @@
+ACME-CLEVELAND CORP <AMT> SETS QUARTERLY
+  Qtly div 10 cts vs 10 cts prior
+      Pay May 13
+      Record April 29
+  
+
diff --git a/reuters/training/11932 b/reuters/training/11932
new file mode 100644
index 0000000000000000000000000000000000000000..a89c2de00f3000d72b5ff93d39be465dbbdd6c35
--- /dev/null
+++ b/reuters/training/11932
@@ -0,0 +1,26 @@
+U.S. OIL/LARD STATISTICS
+  U.S. Census Bureau figures released
+  here showed factory and warehouse stocks on Feb 28 included the
+  following, with comparisons, in mln lbs --
+            02/28/87    01/31/87  02/28/86
+   Soybean Oils --
+     Crude  1,663.3-x  1,542.6      893.7
+   Refined    300.5-x    294.7-r    287.4
+     Total  1,963.8-x  1,837.3-r  1,181.1
+  Cotton Oils --
+     Crude     65.7       55.8-r     64.5
+   Refined    122.3      109.6-r    119.6
+     Total    188.0      165.4-r    184.1
+   X-Revised from preliminary data released in the bureau's
+  oilseeds report of March 23. R-Revised.
+  
+       Factory and Warehouse Stocks, continued -
+           02/28/87  01/31/87   02/28/86
+   Corn Oils --
+       Crude   32.5    32.3-r   44.2
+     Refined   65.8    54.4-r   39.9
+       Total   98.3    86.7-r   84.1
+        Lard   31.4    31.5-r   36.4
+    R-Revised.
+  
+
diff --git a/reuters/training/11933 b/reuters/training/11933
new file mode 100644
index 0000000000000000000000000000000000000000..1f90d5fe7f840b0f2445121da3b0c8de4793b818
--- /dev/null
+++ b/reuters/training/11933
@@ -0,0 +1,13 @@
+VMS STRATEGIC LAND TRUST <VLANS> SETS PAYOUT
+  VMS Strategic Land Trust declared an
+  initial dividend of 30 cts a share payable May 15 to
+  shareholders of record April 20.
+      The dividend represents a 12 pct annual return based on the
+  company's original offering price in December of 10 dlrs a
+  share. The return is guaranteed through December 31, 1988, the
+  company said.
+      The trust invests in short term junior preconstruction
+  mortgage loans and has total principal amount of investments of
+  approximately 105.7 mln dlrs.
+  
+
diff --git a/reuters/training/11934 b/reuters/training/11934
new file mode 100644
index 0000000000000000000000000000000000000000..b9de8a4da5d0257079f1b5c5021172cc8e1888b6
--- /dev/null
+++ b/reuters/training/11934
@@ -0,0 +1,6 @@
+CHEMICAL <CHL> RAISES PRIME RATE TO 7-3/4 PCT
+  Chemical Bank, the main bank subsidiary
+  of Chemical New York Corp, said it is raising its prime lending
+  rate to 7-3/4 pct from 7-1/2 pct, effective immediately.
+  
+
diff --git a/reuters/training/11935 b/reuters/training/11935
new file mode 100644
index 0000000000000000000000000000000000000000..0fdd28c8b829da62af041932b81d38febecefc83
--- /dev/null
+++ b/reuters/training/11935
@@ -0,0 +1,7 @@
+<COMINCO LTD> LOWERS PRICE OF LEAD METAL
+  Cominco Ltd said its
+  Cominco metals division lowered the price for lead metal sold
+  in Canada by 1/2 Canadian cts per pound to 34 Canadian cts per
+  pound.
+  
+
diff --git a/reuters/training/11936 b/reuters/training/11936
new file mode 100644
index 0000000000000000000000000000000000000000..e9fa8f23946fa531873a1e728d35ce100a674454
--- /dev/null
+++ b/reuters/training/11936
@@ -0,0 +1,36 @@
+MIDWEST CASH GRAIN - SLOW COUNTRY MOVEMENT
+  Cash grain dealers reported slow country
+  movement of corn and soybeans across the Midwest, with even
+  corn sales from PIK-and-roll activity seen earlier this week
+  drying up.
+      Some dealers said the USDA may further adjust the posted
+  county price at the Gulf to take into account high barge
+  freight rates as a way to keep corn sales flowing, but added
+  the current plan probably will be given a few weeks to see if
+  it will work as hoped.
+      Corn and soybean basis values continued to drop on the
+  Illinois and MidMississippi River due to the strong barge
+  freight rates. Toledo and Chicago elevators were finishing
+  loading the first corn boats of the new shipping season,
+  supporting spot basis values at those terminal points.
+  
+                    CORN             SOYBEANS
+   TOLEDO         5 UND MAY UNC   1 UND MAY UNC
+   CINCINNATI     1 UND MAY UNC   1 OVR MAY UP 2
+   NEW HAVEN     12 UND MAY UNC   2 UND MAY DN 1
+   N.E. INDIANA  10 UND MAY UNC   2 OVR MAY DN 1
+   CHICAGO      1/2 OVR MAY UNC   5 UND MAY UNC
+   SENECA       51/2 UND MAY DN 1 7 UND MAY UNC
+   DAVENPORT 61/2UND MAY DN61/2 61/2UND MAY DN11/2
+   CLINTON        5 UND MAY DN 3       UA
+   CEDAR RAPIDS  11 UND MAY DN 3 13 UND MAY DN 2
+                    HRW WHEAT
+   TOLEDO  58 LB 35 OVR MAY UP 1
+   CHICAGO 57 LB 25 OVR MAY UNC
+   CINCINNATI DP 10 OVR MAY UNC
+   NE INDIANA DP  8 OVR MAY UNC
+   PIK CERTIFICATES - 103/104 PCT - UNC/ DN 2
+   NC - NO COMPARISON  UA - UNAVAILABLE
+   UNC - UNCHANGED DP - DELAYED PRICING
+  
+
diff --git a/reuters/training/11938 b/reuters/training/11938
new file mode 100644
index 0000000000000000000000000000000000000000..cebd98b55488991f121813cb8fe34c57631f2670
--- /dev/null
+++ b/reuters/training/11938
@@ -0,0 +1,7 @@
+FED BUYING ONE BILLION DLRS OF BILLS FOR CUSTOMER
+ACCOUNT, FED SAYS
+
+  FED BUYING ONE BILLION DLRS OF BILLS FOR CUSTOMER
+  ACCOUNT, FED SAYS
+  
+
diff --git a/reuters/training/11939 b/reuters/training/11939
new file mode 100644
index 0000000000000000000000000000000000000000..be6e70233404c261203351434a3a667140c3a36c
--- /dev/null
+++ b/reuters/training/11939
@@ -0,0 +1,17 @@
+MIDWEST CASH GRAIN - SLOW COUNTRY MOVEMENT
+  Cash grain dealers reported slow country
+  movement of corn and soybeans across the Midwest, with even
+  corn sales from PIK-and-roll activity seen earlier this week
+  drying up.
+      Some dealers said the USDA may further adjust the posted
+  county price at the Gulf to take into account high barge
+  freight rates as a way to keep corn sales flowing, but added
+  the current plan probably will be given a few weeks to see if
+  it will work as hoped.
+      Corn and soybean basis values continued to drop on the
+  Illinois and MidMississippi River due to the strong barge
+  freight rates. Toledo and Chicago elevators were finishing
+  loading the first corn boats of the new shipping season,
+  supporting spot basis values at those terminal points.
+  
+
diff --git a/reuters/training/11940 b/reuters/training/11940
new file mode 100644
index 0000000000000000000000000000000000000000..5a7a7adaf2613adf3b56b1c778cde40cfbd765ab
--- /dev/null
+++ b/reuters/training/11940
@@ -0,0 +1,6 @@
+MARINE MIDLAND <MMB> RAISES PRIME RATE
+  Marine Midland Banks Inc said it is
+  raising its prime lending rate to 7-3/4 pct from 7-1/2 pct,
+  effective immediately.
+  
+
diff --git a/reuters/training/11941 b/reuters/training/11941
new file mode 100644
index 0000000000000000000000000000000000000000..22d99d602978a5e4b7ff6752a1d882e7709d844b
--- /dev/null
+++ b/reuters/training/11941
@@ -0,0 +1,12 @@
+FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES
+  The Federal Home Loan Bank Board
+  adjusted the rates on its short-term discount notes as follows:
+      MATURITY   NEW RATE  OLD RATE  MATURITY
+     30-69 days  5.00 pct  5.00 pct   30-124 days
+     70-88 days  5.92 pct  5.90 pct  125-150 days
+    89-123 days  5.00 pct  5.00 pct  151-173 days
+   124-150 days  5.93 pct  5.92 pct  174-182 days
+   151-349 days  5.00 pct  5.00 pct  183-349 days
+   350-360 days  5.98 pct  5.94 pct  350-360 days
+  
+
diff --git a/reuters/training/11944 b/reuters/training/11944
new file mode 100644
index 0000000000000000000000000000000000000000..3280425522edeaefbca6cc4208c5990cefecf161
--- /dev/null
+++ b/reuters/training/11944
@@ -0,0 +1,8 @@
+TURKISH CENTRAL BANK SETS LIRA/DOLLAR, DM RATES
+  The Turkish Central Bank set a
+  lira/dollar rate for April 2 of 780.00/783.90 to the dollar,
+  down from the previous 777.00/780.89. The Bank also set a
+  lira/mark rate of 429.15/431.30 to the mark, up from the
+  previous 430.50/432.65.
+  
+
diff --git a/reuters/training/11945 b/reuters/training/11945
new file mode 100644
index 0000000000000000000000000000000000000000..ead285f598e3a8478bbf93bc9d42e6ed7ac99199
--- /dev/null
+++ b/reuters/training/11945
@@ -0,0 +1,6 @@
+ASARCO LOWERS COPPER PRICE 1.50 CTS TO 67 CTS
+  Asarco Inc said it is decreasing its
+  domestic delivered copper cathode price by 1.50 cents to 67.0
+  cents a lb, effective immediately.
+  
+
diff --git a/reuters/training/11946 b/reuters/training/11946
new file mode 100644
index 0000000000000000000000000000000000000000..ca6d4461f05e88155d4b95286b794af9e83334de
--- /dev/null
+++ b/reuters/training/11946
@@ -0,0 +1,14 @@
+FED BUYS ONE BILLION DLRS OF BILLS FOR CUSTOMER
+  The Federal Reserve is buying one
+  billion dlrs of Treasury bills for customer account for
+  delivery today, a spokesman for the bank said.
+      Fed funds were trading at 6-3/16 pct at the time of the
+  purchase, which came several hours before the Fed normally
+  transacts business for its customers.
+      Economists said the purchase was almost certainly related
+  to the investment of proceeds from recent central bank
+  intervention in the foreign exchanges.
+      The Bank of Japan alone is estimated to have bought about
+  six billion dlrs in March in a bid to prop up the dollar.
+  
+
diff --git a/reuters/training/11947 b/reuters/training/11947
new file mode 100644
index 0000000000000000000000000000000000000000..6eeb2d1f18a010787f4e57ed05818bbcbe14a5e5
--- /dev/null
+++ b/reuters/training/11947
@@ -0,0 +1,7 @@
+GEORGIA-PACIFIC TO HAVE 60 MLN DLR PRETAX GAIN FROM SALE
+OF GEORGIA GULF STAKE
+
+  GEORGIA-PACIFIC TO HAVE 60 MLN DLR PRETAX GAIN FROM SALE
+  OF GEORGIA GULF STAKE
+  
+
diff --git a/reuters/training/11949 b/reuters/training/11949
new file mode 100644
index 0000000000000000000000000000000000000000..1c46e05a39943150e2d9849e67c7a896f2bd596c
--- /dev/null
+++ b/reuters/training/11949
@@ -0,0 +1,30 @@
+KENYAN MINISTER FORECASTS ECONOMIC EXPANSION
+  Kenya's economy will continue to expand
+  this year and the government will do more to encourage
+  investment by foreign firms and the local private sector,
+  Planning Minister Robert Ouko said.
+      He told a news conference that the government would soon
+  create a special bureau to expedite processing of investment
+  applications by local and foreign investors.
+      Praising the role of multinational companies and local
+  entrepreneurs in Kenya's economy, the minister promised to
+  maintain a close working contact with the private sector.
+      The economy grew by 5.3 pct last year, up from 4.1 pct in
+  1985, Ouko said. This was owing to high prices for the
+  country's coffee exports, low oil prices, low inflation and
+  rising real incomes, he added.
+      "Despite rising petroleum prices and falling coffee prices,
+  Kenya's economy is still expected to improve in 1987," the
+  planning minister said.
+      Agriculture would expand significantly if favourable
+  weather continued and farmers responded to producer price rises
+  announced in February, the minister added.
+      Kenyan farmers are anxiously awaiting the arrival of the
+  long rainy season, which is due to start about now.
+      Ouko said the production of Kenya's main cash crops
+  increased during the second half of last year.
+      Coffee deliveries to the state-run Coffee Board of Kenya
+  rose 17 pct and tea deliveries rose four pct during the period,
+  he said.
+  
+
diff --git a/reuters/training/11953 b/reuters/training/11953
new file mode 100644
index 0000000000000000000000000000000000000000..8b1c917b4f9625318aaeef302d2ad42cc1f42a31
--- /dev/null
+++ b/reuters/training/11953
@@ -0,0 +1,30 @@
+U.S. VEGETABLE OIL PRODUCTS OUTPUT IN FEBRUARY
+  U.S. factories used 1,053.0 mln lbs
+  of various vegetable oils in the production of edible products
+  during February, the Census Bureau reported.
+      That compared with a revised usage of 1,075.0 mln lbs in
+  January and 1,084.2 mln lbs in February, 1986.
+      February production of selected products included the
+  following, with comparisons, in mln lbs --
+                   Feb 87    Jan 87    Feb 86
+       Baking or
+     Frying Fats -- 355.5    387.6-r   427.4
+   Soybean Salad and
+     Cooking Oil -- 388.1    373.3-r   351.7
+   R-Revised.
+  
+      Production, continued (in mln lbs --)
+                     Feb 87    Jan 87   Feb 86
+   Other Salad and
+      Cooking Oils   111.2    111.4-r   114.3
+         Margarine   218.8    216.9-r   214.4
+         Glycerine --
+             Crude    21.5     25.9      31.3
+           Refined    23.5     23.6-r    25.4
+       Fatty Acids   102.9    112.5-r   113.1
+         Meat/Meal
+           Tankage   410.2    458.2-r   446.2
+   R-Revised.
+  REUTER^M
+  
+
diff --git a/reuters/training/11954 b/reuters/training/11954
new file mode 100644
index 0000000000000000000000000000000000000000..9e5c508003c28d2bc1cba1aa566c02672b473f47
--- /dev/null
+++ b/reuters/training/11954
@@ -0,0 +1,15 @@
+BEECHAM GROUP <BHAMY> TO SELL UNIT
+  Privately-held investment firm
+  <Dubin Clark and Co> said it has signed a definitive agreement
+  for an investment group it heads to acquire Roberts
+  Consolidated Industries from <Beecham Group PLC> for 45 mln
+  dlrs.
+      Roberts makes and distributes accessories, adhesives and
+  tools used in carpet installation.
+      Dubin Clark said its group includes Roberts management and
+  London investment company <J. Rothschild Holdings PLC>.  It
+  said Ronald J. Dubin will become vice chairman of Roberts and
+  J. Thomas Clark chairman.
+  REUTER^M
+  
+
diff --git a/reuters/training/11957 b/reuters/training/11957
new file mode 100644
index 0000000000000000000000000000000000000000..b0e47fb1436440bc3ea78ab7f1760176155b98b6
--- /dev/null
+++ b/reuters/training/11957
@@ -0,0 +1,30 @@
+U.S. TALLOW PRODUCTION AND STOCKS
+  U.S. factory production of inedible
+  tallow and grease amounted to 421.5 mln lbs in February, vs a
+  revised 471.5 mln lbs the previous month and 419.2 mln lbs in
+  the year-ago period, the Census Bureau said.
+      The bureau placed February factory production of edible
+  tallow at 96.9 mln lbs, vs a revised 111.4 mln lbs the previous
+  month and 122.7 mln lbs in February a year earlier.
+      It estimated factory and warehouse stocks of inedible
+  tallow on February 28 at 410.7 mln lbs, vs a revised 351.6 mln
+  the previous month and 361.9 mln in February, 1986.
+      End-Feb stocks of edible tallow amounted to 41.9 mln lbs,
+  vs a revised 40.1 mln lbs and 48.6 mln lbs in their respective
+  periods.
+      Factory consumption of inedible tallow and grease in
+  February was assessed at 238.3 mln lbs, vs a revised 250.4 mln
+  lbs a month earlier and 220.5 mln lbs in the year-ago period.
+      During February, factories used 65.3 mln lbs of edible
+  tallow, vs a revised 71.8 mln and 84.6 mln, respectively.
+      Total factory production and consumption of tallow in the
+  1987 marketing season, which began Jan 1, vs the 1986 season,
+  were as follows, in mln lbs -- 
+    Production -- 1987     1986
+      Inedible    893.0    920.1
+        Edible    208.3    274.7
+   Consumption --
+      Inedible    488.7    473.7
+        Edible    137.1    176.4
+  
+
diff --git a/reuters/training/11958 b/reuters/training/11958
new file mode 100644
index 0000000000000000000000000000000000000000..68ae2fc1bf9719ac55cbdd22c081051960f18ca4
--- /dev/null
+++ b/reuters/training/11958
@@ -0,0 +1,7 @@
+COMINCO LTD CUTS LEAD PRICE IN CANADA
+  Cominco Ltd said its
+  Cominco metals division lowered the price for lead metal sold
+  in Canada by 1/2 Canadian cts per pound to 34 Canadian cts per
+  pound.
+  
+
diff --git a/reuters/training/11960 b/reuters/training/11960
new file mode 100644
index 0000000000000000000000000000000000000000..dfcab3490d78b9e8cf29050cdf3c42c45cb4b53c
--- /dev/null
+++ b/reuters/training/11960
@@ -0,0 +1,6 @@
+MERCANTILE BANK N.A. <MTRC> RAISES PRIME RATE
+  Mercantile Bancorp said its Mercantile
+  Bank N.A. raised its prime rate to 7-3/4 pct from 7-1/2 pct,
+  effective immediately.
+  
+
diff --git a/reuters/training/11961 b/reuters/training/11961
new file mode 100644
index 0000000000000000000000000000000000000000..aa0cab849a7fee6e0f1fe39be9699f214f3c0fee
--- /dev/null
+++ b/reuters/training/11961
@@ -0,0 +1,15 @@
+U.S. LARD CONSUMPTION IN FEBRUARY
+  U.S. factory usage of lard in the
+  production of both edible and inedible products during February
+  totaled 22.0 mln lbs, vs a revised 20.2 mln lbs in January,
+  according to Census Bureau figures.
+      In the year-earlier period, usage, which includes
+  hydrogenated vegetable and animal fats and other oils in
+  process, amounted to 31.4 mln lbs.
+      Usage in February comprised 16.6 mln lbs of edible products
+  and 5.4 mln lbs of inedible products.
+      Total lard usage in the 1986/87 marketing season, which
+  began October 1, amounted to 125.2 mln lbs, vs 185.6 mln lbs in
+  the year-ago period.
+  
+
diff --git a/reuters/training/11962 b/reuters/training/11962
new file mode 100644
index 0000000000000000000000000000000000000000..64dd365a221cb80f922477c09e4a7e1d283893cb
--- /dev/null
+++ b/reuters/training/11962
@@ -0,0 +1,18 @@
+AUTOSPA <LUBE> TO BUY CONTROL OF CARDIS <CDS>
+  Autospa Corp said it has signed an
+  agreement to purchase 2,400,000 shares of eight pct convertible
+  preferred stock of Cardis Corp -- representing voting control
+  -- for 15 mln dlrs.
+      The company said the preferred purchase will be financed by
+  an investment group led by Autospa.
+      It said it will also receive from Cardis five-year options
+  to buy 2,400,000 Cardis common shares at 6.25 to seven dlrs
+  each, depending on the time of exercise, and warrants to
+  purchase about 3,200,000 shares at 6.60 to 7.60 dlrs each.
+      The company said the exercise of all options and warrants
+  by Autospa would result in a tital investment of 50 to 55 mln
+  dlrs.  Execution of a definitive agreement is expected by April
+  22, it said, subject to the completion of financing
+  arrangements, and closing is expected by May 15.
+  
+
diff --git a/reuters/training/11964 b/reuters/training/11964
new file mode 100644
index 0000000000000000000000000000000000000000..b8d72ecd31faefe5a745bba2b95e19f6fc422046
--- /dev/null
+++ b/reuters/training/11964
@@ -0,0 +1,25 @@
+FRENCH FARMERS PLAN TO CUT MAIZE PLANTINGS
+  French farmers are planning to cut their
+  maize sowings by between 100,000 and 150,000 hectares this year
+  from the 1.87 mln ha harvested in 1986, the French Maize
+  Producers' Association, AGPM, said.
+      It said its first estimate of planting intentions indicated
+  cuts of 15 to 20 pct in plantings in the northern region of
+  Picardy and the Paris Basin, which harvested 192,000 ha last
+  year.
+      In the centre-west region of Poitou-Charentes, plantings
+  were estimated four to seven pct up on last year's harvested
+  244,000 ha.
+      Planting intentions in the south-east ranged between nine
+  pct less and two pct more than last year's 125,000 ha. In the
+  south-west the AGPM said producers intended to plant a similar
+  area to last year's 671,100 harvested hectares, provided water
+  supplies are adequate in the Midi-Pyrenees region after the
+  last two years of drought.
+      Meanwhile, the oilseed plant breeding association, AMSOL,
+  said sunflower plantings in France this year are indicated at
+  between 900,000 and 950,000 ha against 829,000 harvested last
+  year, while soya plantings are indicated at 80,000 ha against
+  last year's harvested 48,000.
+  
+
diff --git a/reuters/training/11966 b/reuters/training/11966
new file mode 100644
index 0000000000000000000000000000000000000000..af601931968dd8cee540bc1cc59846c8aa6c6d33
--- /dev/null
+++ b/reuters/training/11966
@@ -0,0 +1,10 @@
+WEATHERFORD INTERNATIONAL INC <WII> 4TH QTR LOSS
+  Shr loss 40 cts vs loss 1.30 dlrs
+      Net loss 3,619,000 vs loss 11.3 mln
+      Revs 24.1 mln vs 34.1 mln
+      Year
+      Shr loss 4.36 dlrs vs loss 2.09 dlrs
+      Net loss 38.7 mln vs loss 16.8 mln
+      Revs 104.6 mln vs 133.9 mln
+  
+
diff --git a/reuters/training/11967 b/reuters/training/11967
new file mode 100644
index 0000000000000000000000000000000000000000..3507974fa37d29a90b872a132f7e21df5fd7f003
--- /dev/null
+++ b/reuters/training/11967
@@ -0,0 +1,13 @@
+PROGRESSIVE SAVINGS <PRSL> 4TH QTR LOSS
+  Shr loss 1.05 dlrs vs profit three cts
+      Net loss 4,477,000 vs profit 107,818
+      Revs 10.9 mln vs 13.8 mln
+      Year
+      Shr loss 79 cts vs profit three cts
+      Net loss 3,364,058 vs profit 123,880
+      Revs 50.9 mln vs 57.2 mln
+      Note: Full name Progressive Savings and Loan Association.
+      Current year figures include 5.1 mln dlr incrase to
+  reserves for estimated real estate and loan losses.
+  
+
diff --git a/reuters/training/11968 b/reuters/training/11968
new file mode 100644
index 0000000000000000000000000000000000000000..cdd77d2b955dfa3d2d540d3520dd59a44170119d
--- /dev/null
+++ b/reuters/training/11968
@@ -0,0 +1,14 @@
+ALLIED SUPERMARKETS <ASU> FILES PROPOSED MERGER
+  Allied Supermarkets Inc said it filed a
+  registration statement with the Securities and Exchange
+  Commission for a proposed merger with <The Vons Companies>, a
+  supermarket, combination store operator.
+      Allied said the statement covers 140 mln dlrs of senior
+  subordinated discount debentures and 100 mln dlrs of
+  subordinated debentures, principal amounts, with a proposed
+  aggregate offering price of about 100 mln dlrs for each issue.
+      Drexel Burnham Lambert Inc and Donaldson, Lufkin and
+  Jenrette Securities Inc are co-underwriters of both issues,
+  which Allied expects to offer in early June, Allied said.
+  
+
diff --git a/reuters/training/1197 b/reuters/training/1197
new file mode 100644
index 0000000000000000000000000000000000000000..8209b5539869bfac185bad867fb53940499f8b10
--- /dev/null
+++ b/reuters/training/1197
@@ -0,0 +1,35 @@
+BELGIAN SAYS EC WOULD REACT TO TEXTILE BILL
+  Belgian Foreign Trade Minister Herman
+  De Croo said if Congress passed legislation curbing world
+  textile imports the only way the European Community (EC) could
+  react was to retaliate.
+      De Croo said at a news conference "if you limit textile
+  imports, you will re-orient textiles to Europe."
+      And that he said would trigger EC taxes on U.S. goods.
+      Congress passed a textile bill two years ago, but it was
+  vetoed by President Reagan on grounds that curbing imports to
+  protect the domestic textile industry would trigger retaliation
+  U.S. trading partners.
+      A similar bill has been introducted this year, in a
+  Congress with a bigger Democratic majority and with a President
+  weakened by the Iran scandal.
+      De Croo, here for talks with Administration officials and
+  Congressmen, said if a textile bill passed, "the only way we
+  could react would be retaliation, and it would cause more
+  retaliation, which is not a good way to deal with problems."
+      He said if a textile bill was enacted, "we will impose taxes
+  on a lot of American products."  He said "it would be stupid. We
+  have to avoid that."
+      He said Congressmen seem upset mosty with Japan, because of
+  its massive trade suprlus with the United States, and not with
+  EC nations, but EC nations will be hurt by the diverted 
+  shipments of Asian textiles.
+      De Croo also criticized the way U.S. officials try to solve
+  EC trade issues, saying "each time we come in contact, it a
+  conflict contact. The clouts are coming fom the West."
+      He said it then is a crisis atmosphere with officials cross
+  the Atlantic and dramatized with headlines.
+      "This is not the way to work in a serious way between two
+  big powers," De Croo said.
+  
+
diff --git a/reuters/training/11970 b/reuters/training/11970
new file mode 100644
index 0000000000000000000000000000000000000000..9a2cd63a17a3268049adf355987e4d6b333a46eb
--- /dev/null
+++ b/reuters/training/11970
@@ -0,0 +1,8 @@
+CERTIFICATED COTTON STOCKS
+  Certificated cotton stocks deliverable
+  on the New York Cotton Exchange No 2 cotton futures contract as
+  of March 31 were reported at 36,659 bales, unchanged from the
+  previous day's figure. There were no bales awaiting review and
+  985 bales awaiting decertification.
+  
+
diff --git a/reuters/training/11972 b/reuters/training/11972
new file mode 100644
index 0000000000000000000000000000000000000000..28a72941a6b920dfabb9d0b85dce7c812597646b
--- /dev/null
+++ b/reuters/training/11972
@@ -0,0 +1,15 @@
+FINLAND REVISES CURRENCY BASKET
+  The Bank of Finland said it has revised
+  the weightings in its currency basket with effect from today.
+  Weightings  match the respective country's share in Finland's
+  foreign trade.
+      Weights in percentages compared with former weights.
+      Dollar  9.0 (8.8)
+      Sterling 14.3 (13.8)
+      Swedish crown 20.4 (20.6)
+      Norwegian crown 5.2 (5.2)
+      Danish crown 5.2 (5.3)
+      German mark 19.3 (19.6)
+  REUTER^M
+  
+
diff --git a/reuters/training/11976 b/reuters/training/11976
new file mode 100644
index 0000000000000000000000000000000000000000..4583f1c33a06a69a8d6525a361d4b026fe1f07bf
--- /dev/null
+++ b/reuters/training/11976
@@ -0,0 +1,10 @@
+JOHN O. BUTLER CO <BUTC> 2ND QTR FEB 28 NET
+  Shr 19 cts vs 18 cts
+      Net 1,230,041 vs 1,153,280
+      Sales 10,909,729 vs 9,675,355
+      Six mths
+      Shr 31 cts vs 29 cts
+      Net 2,019,930 vs 1,857,357
+      Sales 21.0 mln vs 17.8 mln
+  
+
diff --git a/reuters/training/11977 b/reuters/training/11977
new file mode 100644
index 0000000000000000000000000000000000000000..2c67f058ea26bb9da4ad7618a525f24ec214f21f
--- /dev/null
+++ b/reuters/training/11977
@@ -0,0 +1,6 @@
+<GUILLEVIN INTERNATIONAL INC> YEAR JAN 31 NET
+  Shr 51 cts vs 36 cts
+      Net 2,543,285 vs 1,686,559
+      Sales 153.2 mln vs 120.7 mln
+  
+
diff --git a/reuters/training/11978 b/reuters/training/11978
new file mode 100644
index 0000000000000000000000000000000000000000..4e53d40d9b5ef320d285f8e229cedc74d69147b7
--- /dev/null
+++ b/reuters/training/11978
@@ -0,0 +1,6 @@
+COSMO COMMUNICATIONS CORP <CSMO> YEAR LOSS
+  Shr loss one ct vs loss 2.16 dlrs
+      Net loss 30,000 vs loss 12.4 mln
+      Revs 27.4 mln vs 38.3 mln
+  
+
diff --git a/reuters/training/11979 b/reuters/training/11979
new file mode 100644
index 0000000000000000000000000000000000000000..93835abfaebebd97f1334d56e76b8cfea47d14b9
--- /dev/null
+++ b/reuters/training/11979
@@ -0,0 +1,11 @@
+LINEAR <LNER> SEES LOWER COMPARABLE 4TH QTR NET
+  Linear Films Inc said its fourth
+  quarter earnings for the period ended March 31, will be lower
+  than the 1,235,000 dlrs or 19 cts a share reported in the
+  year-ago quarter on sales of 11.8 mln dlrs.
+      The company attributed the lower earnings to narrowing
+  profit margins on stretch film.
+      Linear also said it is increasing its stretch film prices
+  by six pct effective April 15.
+  
+
diff --git a/reuters/training/1198 b/reuters/training/1198
new file mode 100644
index 0000000000000000000000000000000000000000..8fd1e78026be6dac0f3294e29d2a0933478d511a
--- /dev/null
+++ b/reuters/training/1198
@@ -0,0 +1,24 @@
+KAY CORP <KAY> 4TH QTR NET
+  Oper shr 25 cts vs 1.21 dlrs
+      Oper net 1,366,000 vs 6,287,000
+      Revs 251.3 mln vs 107.1 mln
+      Year
+      Oper shr 1.10 dlrs vs 1.06 dlrs
+      Oper net 5,552,000 vs 4,982,000
+      Revs 827.5 mln vs 434.4 mln
+      NOTE: Oper net excludes results of Kay Jewelers Inc, a
+  former subsidiary. On Dec 31, 1986 company distributed
+  remaining 80.4 pct interest in subsidiary to Kay Corp holders.
+      1985 amts restated in connection with company's
+  distribution of investment in Kay Jewelers Inc.
+      1986 4th qtr and yr oper net excludes 8,308,000 dlrs or
+  1.52 dlrs per share, and 7,774,000 dlrs or 1.54 dlrs per share,
+  respectively, for equity in net income of spun-off unit. 1985
+  4th qtr and yr oper net excludes 6,806,000 dlrs or 1.28 dlrs
+  per share and 5,770,000 dlrs or 1.09 dlrs per share,
+  respectively, for equity in net earnings of spun-off unit.
+      1985 oper net also excludes 2,778,000 or 52 cts per share
+  for adoption of new pension accounting rules and ine cts per
+  share for gain from assets sales.
+  
+
diff --git a/reuters/training/11980 b/reuters/training/11980
new file mode 100644
index 0000000000000000000000000000000000000000..d1160fbe16aed29fb9ee3a10166065f10c1f7e81
--- /dev/null
+++ b/reuters/training/11980
@@ -0,0 +1,12 @@
+STAODYNAMICS INC <SDYN> 4TH QTR NET
+  Shr three cts vs six cts
+      Net 54,965 vs 106,147
+      Revs 2,124,983 vs 1,915,928
+      Avg shrs 2,206,017 vs 1,878,438
+      Year
+      Shr 14 cts vs eight cts
+      Net 302,388 vs 157,690
+      Revs 7,952,360 vs 7,495,936
+      Avg shrs 2,139,991 vs 2,051,178
+  
+
diff --git a/reuters/training/11981 b/reuters/training/11981
new file mode 100644
index 0000000000000000000000000000000000000000..4da7804abba9583cf721f1ae3dd00e7f632eb3c8
--- /dev/null
+++ b/reuters/training/11981
@@ -0,0 +1,12 @@
+1ST SOURCE <SRCE> COMPLETES MERGER
+  1st Source Bank said it
+  completed its merger with <Community State Bank> of North
+  Liberty, Ind.
+      The bank said Community State Bank's shareholders approved
+  the merger at a meeting last Saturday, while Monday the
+  directors of 1st Source also approved the move.
+      The merger would add Community Bank's 20 mln dlrs in assets
+  to 1st Source's more than one billion dlrs in assets, 1st
+  Source said.
+  
+
diff --git a/reuters/training/11982 b/reuters/training/11982
new file mode 100644
index 0000000000000000000000000000000000000000..2a3daeae129f2d73d10d67c8ad69508d51483c70
--- /dev/null
+++ b/reuters/training/11982
@@ -0,0 +1,13 @@
+FIRST NATIONAL BANK CORP TO BUY BRANCH
+  First National Bank Corp,
+  the newly formed parent of First National Bank in Mount
+  Clemens, Mich., and Bankers Fund Life Insurance Co, said it
+  reached an agreement to buy a branch in Clinton Township from a
+  nonrelated financial institution.
+      It said the acquisition brings to 10 the number of bank
+  branches in Macomb County. Terms were not disclosed.
+      Separately, the newly formed holding company also said it
+  named Arie Guldemond as chairman and Harold Allmacher as
+  president and chief executive officer.
+  
+
diff --git a/reuters/training/11983 b/reuters/training/11983
new file mode 100644
index 0000000000000000000000000000000000000000..69fa0305d6f7d506ed55bad9766a119368079d48
--- /dev/null
+++ b/reuters/training/11983
@@ -0,0 +1,12 @@
+GEORGIA PACIFIC <GP> SEES GAIN FROM SALE
+  Georgia-Pacific Corp said its second
+  quarter results will include a gain of 60 mln dlrs pre-tax, or
+  34 cts per share after-tax, from the sale of its interest in
+  <Georgia Gulf Corp>.
+      The company said it is selling warrants for about 1.8 mln
+  shares of Georgia Gulf common stock to Goldman Sachs and Co in
+  connection with the 4.8 mln share offering of Georgia Gulf.
+      It said it received the warrants when it agreed to sell its
+  commmodity chemical operations to Georgia Gulf in 1984.
+  
+
diff --git a/reuters/training/11984 b/reuters/training/11984
new file mode 100644
index 0000000000000000000000000000000000000000..6e2c792ccd68b001aefb93d84e1fd18367f25013
--- /dev/null
+++ b/reuters/training/11984
@@ -0,0 +1,28 @@
+U.S., ARGENTINA SETTLE SOYPRODUCT CASE - YEUTTER
+  U.S. Trade Representative Clayton
+  Yeutter said the United States and Argentina have settled a 
+  case brought by the U.S. soybean crushing industry alleging
+  unfair subsidies to Argentina's crushing industry.
+      Speaking to an Agribusiness Education forum here late
+  yesterday, Yeutter said the case was resolved at a meeting with
+  Argentine Agriculture Secretary Ernesto Figuerras during a
+  trade ministers' meeting in New Zealand last week.
+      Under a verbal understanding between the two ministers,
+  Argentina will soon abolish export taxes on soybeans and
+  products, U.S. and Argentine officials said.
+      The U.S. case brought by the U.S. National Soybean
+  Processors Association alleged Argentina, through differential
+  export taxes, implicitly subsidized domestic soybean crushers.
+      The U.S. crushing industry, in its complaint under Section
+  301 of trade law, said higher Argentine export taxes on
+  soybeans than on products encourage the export of products and
+  represented an unfair trade practice.
+      Yeutter told Figuerras that all agencies of the U.S.
+  government supported the U.S. complaint and unless Argentina
+  took steps to eliminate the taxes, the United States would
+  consider taking further action in the case, U.S. and Argentine
+  officials said.
+      An Argentine official here said no timetable was given for
+  removal of the Argentine export taxes.
+  
+
diff --git a/reuters/training/11989 b/reuters/training/11989
new file mode 100644
index 0000000000000000000000000000000000000000..66341bf4e46950f25b5db824af3d0709886b59de
--- /dev/null
+++ b/reuters/training/11989
@@ -0,0 +1,5 @@
+CONTINENTAL ILLINOIS <CIL> RAISES PRIME RATE
+  Continental Illinois Corp said it has
+  raised its prime rate to 7-3/4 from 7-1/2.
+  
+
diff --git a/reuters/training/11990 b/reuters/training/11990
new file mode 100644
index 0000000000000000000000000000000000000000..20c5a3c59770f62fbe7a5451626e7d3b50de124d
--- /dev/null
+++ b/reuters/training/11990
@@ -0,0 +1,10 @@
+THOUSAND TRAILS INC <TRLS> YEAR LOSS
+  Shr loss 4.87 dlrs vs profit 16 cts
+      Net loss 50,422,000 vs profit 1,788,000
+      Revs 113.4 mln vs 173.7 mln
+      Note: Current year figures include 33.3 mln dlr after-tax
+  writedown of land and improvements, a 5.6 mln dlr increase in
+  allowance for doubtful accounts and after-tax gain of three mln
+  dlrs on debt retirement.
+  
+
diff --git a/reuters/training/11993 b/reuters/training/11993
new file mode 100644
index 0000000000000000000000000000000000000000..8a405f815584c57998c7352fb8666f01eecb7a96
--- /dev/null
+++ b/reuters/training/11993
@@ -0,0 +1,7 @@
+VISTA ORGANIZATION LTD <VISA> YEAR NET
+  Shr profit one ct vs loss nine cts
+      Net profit 177,061 vs loss 1,364,878
+      Revs 5,913,334 vs 487,121
+      Avg shrs 18.6 mln vs 15.9 mln
+  
+
diff --git a/reuters/training/11994 b/reuters/training/11994
new file mode 100644
index 0000000000000000000000000000000000000000..1ff5db3f035566c6f103baacd5a9113946d3e543
--- /dev/null
+++ b/reuters/training/11994
@@ -0,0 +1,6 @@
+TCA CABLE TV INC <TCAT> SETS QUARTERLY
+  Qtly div six cts vs six cts prior
+      Pay April 23
+      Record April Nine
+  
+
diff --git a/reuters/training/11996 b/reuters/training/11996
new file mode 100644
index 0000000000000000000000000000000000000000..fabdad8c8017aad5e7f88c24a1b28acef2aa8d0f
--- /dev/null
+++ b/reuters/training/11996
@@ -0,0 +1,9 @@
+MONSANTO <MTC> INVESTS IN BIOTECHNOLOGY <BIOD>
+  Biotechnology Development Corp
+  said its Medicontrol Corp subsidiary received a 500,000 dlr
+  investment by Monsanto Co's G.D. Searle and Co subsidiary.
+      The company said the investment was made pursuant to an
+  option Searle held, and increases Searle's stake in Medicontrol
+  to 19.8 pct with a total investment of one mln dlrs.
+  
+
diff --git a/reuters/training/11997 b/reuters/training/11997
new file mode 100644
index 0000000000000000000000000000000000000000..558c2fedbe13587ec762e2a4a5d4e860223fd68d
--- /dev/null
+++ b/reuters/training/11997
@@ -0,0 +1,14 @@
+CHASE <CMB> BUYS BORG-WARNER <BOR> UNIT
+  Chase Manhattan Corp said Chase
+  Trans-Info, a subsidiary of its Chase Manhattan Bank N.A. unit,
+  has bought Borg-Warner Corp's Traffic Services business,
+  including an Illinois processing center, for an undisclosed
+  sum.
+      Borg Warner Traffic Services provides freight bill
+  pre-audit, payment and information services to industry through
+  Borg-Warner Acceptance Corp.
+      Chase Trans-Info, which offers similar services, is now the
+  largest provider of information services for the transportation
+  industry.
+  
+
diff --git a/reuters/training/11999 b/reuters/training/11999
new file mode 100644
index 0000000000000000000000000000000000000000..b628b088acd11b03701614d7bce17406d76728cf
--- /dev/null
+++ b/reuters/training/11999
@@ -0,0 +1,14 @@
+MOUNTAIN STATES <MTSR> ADDES TWO PROPERTIES
+  Mountain States Resources Corp
+  said it acquired two properties to its strategic minerals
+  holdings.
+      The acquisitions bring to its land position a total of
+  5,100 acres of titanium, zirconium and rare earth resources,
+  the company said.
+      Both properties, located in southern Utah, consist of
+  approximately 1,430 acres of unpatented mining claims and one
+  state lease, it said.
+      The company also announced the formation of Rare Tech
+  Minerals Inc, a wholly-owned subsidiary.
+  
+
diff --git a/reuters/training/12 b/reuters/training/12
new file mode 100644
index 0000000000000000000000000000000000000000..c010a0c8ce9685429b02b5c5da4a8e3480f03724
--- /dev/null
+++ b/reuters/training/12
@@ -0,0 +1,19 @@
+OHIO MATTRESS <OMT> MAY HAVE LOWER 1ST QTR NET
+  Ohio Mattress Co said its first
+  quarter, ending February 28, profits may be below the 2.4 mln
+  dlrs, or 15 cts a share, earned in the first quarter of fiscal
+  1986.
+      The company said any decline would be due to expenses
+  related to the acquisitions in the middle of the current
+  quarter of seven licensees of Sealy Inc, as well as 82 pct of
+  the outstanding capital stock of Sealy.
+      Because of these acquisitions, it said, first quarter sales
+  will be substantially higher than last year's 67.1 mln dlrs.
+      Noting that it typically reports first quarter results in
+  late march, said the report is likely to be issued in early
+  April this year.
+      It said the delay is due to administrative considerations,
+  including conducting appraisals, in connection with the
+  acquisitions.
+  
+
diff --git a/reuters/training/1200 b/reuters/training/1200
new file mode 100644
index 0000000000000000000000000000000000000000..88fa2fb4e5c79f568a71ec26078231f6e8779067
--- /dev/null
+++ b/reuters/training/1200
@@ -0,0 +1,16 @@
+PANTASOTE INC <PNT> 4TH QTR LOSS
+  Oper shr loss four cts vs loss 33 cts
+      Oper net loss 154,000 vs loss 1,301,000
+      Sales 30.0 mln vs 27.0 mln
+      Year
+      Oper shr profit 60 cts vs loss 16 cts
+      Oper net profit 2,364,000 vs loss 608,000
+      Sales 113.5 mln vs 132.8 mln
+      NOTE: Net excludes extraordinary charges from provision for
+  roofing products warranties and costs from sale of
+  printing/laminate division of 320,000 dlrs vs 10.3 mln dlrs in
+  quarter and 4,3200,000 dlrs vs 12.7 mln dlrs in year.
+      Net excludes tax credits of 62,000 dlrs vs 41,000 dlrs in
+  quarter and 127,000 dlrs vs 88,000 dlrs in year.
+  
+
diff --git a/reuters/training/12001 b/reuters/training/12001
new file mode 100644
index 0000000000000000000000000000000000000000..916988eceaac2eebc21193b2942856780008095a
--- /dev/null
+++ b/reuters/training/12001
@@ -0,0 +1,8 @@
+REPUBLIC SAVINGS AND LOAN <RSLA> SETS DIVIDEND
+  Qtly div 30 cts vs 30 cts prior
+      Pay April 27
+      Record April 13
+      NOTE: Company's full name is Republic Savings and Loan
+  Association of Wisconsin.
+  
+
diff --git a/reuters/training/12002 b/reuters/training/12002
new file mode 100644
index 0000000000000000000000000000000000000000..19f2e2c24318a516a64fc85744e0df2578d77b59
--- /dev/null
+++ b/reuters/training/12002
@@ -0,0 +1,79 @@
+SHULTZ USSR TRIP FUELS TALK OF EEP WHEAT OFFER
+  Speculation the United States will
+  offer subsidized wheat to the Soviet Union appears to have
+  reached a new level of intensity in the run-up to Secretary of
+  State George Shultz' visit later this month to Moscow.
+      Rumors of an impending deal have coursed through wheat
+  markets since officials from the two countries held their
+  customary, semi-annual grain talks in February. Moscow's
+  decision at that time to reenter the U.S. corn market
+  strengthened the perception of warming farm trade prospects.
+      Shultz is set to arrive in Moscow April 13.
+      Shultz' statement two weeks ago that he would not stand in
+  the way of a wheat subsidy offer under the Export Enhancement
+  Program, EEP, coupled with the announcement of his visit to
+  Moscow, was interpreted by many grain trade representatives
+  here as a clear signal that the Reagan administration was
+  preparing an offer.
+      Administration officials -- in and out of the U.S.
+  Agriculture Department -- have been extremely tight-lipped
+  about the prospects of a subsidy offer.
+      But USDA officials for the most part have abandoned the
+  contention the proposal is dormant, suggesting that an offer,
+  while not a "done deal," is a live possibility.
+      Prominent U.S. grain trade representatives -- many of whom
+  asked not to be identified -- continue to maintain that an
+  offer to subsidize four mln tonnes of wheat is imminent.
+      Others, who one month ago claimed a deal was not possible,
+  are saying they would not rule one out.
+      Rep. Pat Roberts, R-Kan., yesterday went so far as to
+  predict a subsidy offer would be made within the next ten days
+  to two weeks.
+      Aides to Roberts said he had spoken to Republican leaders
+  who had been in contact with administration officials.
+      Richard Fritz, director of international marketing at U.S.
+  Wheat Associates, said he was confident an export enhancement
+  offer would be made by the middle of this month.
+      Fritz also said he thought the value of the bonus would end
+  up being close to the offer Washington made Peking earlier this
+  year when USDA approved subsidies to China of around 36 dlrs
+  per tonne on one mln tonnes of wheat.
+      Some grain trade representatives say a four-mln-tonne wheat
+  subsidy offer might help stimulate more Soviet purchases of
+  U.S. corn and open the door to U.S. sales of soybeans.
+      As ever, one of the crucial sticking points in a wheat deal
+  would appear to be price.
+      Last summer the administration took the controversial step
+  of offering the Soviets subsidized wheat -- but were
+  embarrassed when Moscow spurned the proposal on the grounds
+  that the 15-dlr-per-tonne subsidy still left U.S. wheat prices
+  far above world market prices.
+      The administration's decision to set the subsidy level up
+  front instead of accepting bids from exporters appeared to be a
+  means of controlling the price while attempting to dampen
+  criticism, grain trade sources said.
+      Nonetheless, the pricing procedure did not prevent Shultz
+  from saying the Soviets were "chortling" because Washington was
+  offering Soviet housewives cheaper grain than that available to
+  U.S. housewives.
+      The conventional wisdom among grain trade representatives
+  here is that a general warming of relations between the two
+  countries since last summer, combined with continued hard times
+  in the U.S. grain belt, would favor a subsidy offer.
+      In addition, the USSR has made it clear it would consider
+  buying U.S. wheat if it were priced more competitively.
+      However, observers have not forgotten the circumstances
+  surrounding the administration's announcement of the wheat
+  subsidy offer last summer.
+      Up until the time of the announcment, congressional and
+  industry leaders were led to believe the White House had
+  decided to expand the Export Enhancement Program to include not
+  only the Soviets, but also a much broader list of countries.
+      Instead, the administration scaled back the offer to
+  include only the Soviets.
+      That last-minute change of heart adds a measure of
+  uncertainty even to the predictions of those most convinced
+  that the administration will not now pass up the opportunity to
+  sell four mln tonnes of wheat to the Soviet Union.
+  
+
diff --git a/reuters/training/12003 b/reuters/training/12003
new file mode 100644
index 0000000000000000000000000000000000000000..288836efc1e57db5ab90780340bcabd1ed5145a2
--- /dev/null
+++ b/reuters/training/12003
@@ -0,0 +1,9 @@
+KAINES CONFIRMS WHITE SUGAR SALES TO INDIA
+  London-based sugar operator Kaines Ltd
+  confirmed it sold two cargoes of white sugar to India out of an
+  estimated overall sales total of four or five cargoes in which
+  other brokers participated.
+      The sugar, for April/May and April/June shipment, was sold
+  at between 214 and 218 dlrs a tonne cif, it said.
+  
+
diff --git a/reuters/training/12005 b/reuters/training/12005
new file mode 100644
index 0000000000000000000000000000000000000000..504c173c8260f3e86ccff3c6b3e6dbab19c250c6
--- /dev/null
+++ b/reuters/training/12005
@@ -0,0 +1,7 @@
+<THL HOLDINGS INC> YEAR JAN 31 NET
+  Oper net 94.4 mln vs 74.1 mln
+      Revs 1.3 bilion vs 1.2 billion
+      NOTE: THL is parent to SCOA Industries Inc, acquired in a
+  leveraged buyout in December 1985.
+  
+
diff --git a/reuters/training/12007 b/reuters/training/12007
new file mode 100644
index 0000000000000000000000000000000000000000..01ade1d61f1327ef3b620390c5930711876d9441
--- /dev/null
+++ b/reuters/training/12007
@@ -0,0 +1,13 @@
+MOUNTAIN STATES ADDS TWO MINERALS PROPERTIES
+  Mountain States Resources Corp
+  said it acquired two properties to add to its strategic
+  minerals holdings.
+      The acquisitions include a total of 5,100 acres of
+  titanium, zirconium and rare earth resources, the company said.
+      Both properties, located in southern Utah, consist of
+  approximately 1,430 acres of unpatented mining claims and one
+  state lease, it said.
+      The company also announced the formation of Rare Tech
+  Minerals Inc, a wholly-owned subsidiary.
+  
+
diff --git a/reuters/training/12008 b/reuters/training/12008
new file mode 100644
index 0000000000000000000000000000000000000000..ccd9dbd99245a984305a1995184c9dbe323dce8b
--- /dev/null
+++ b/reuters/training/12008
@@ -0,0 +1,7 @@
+RESTORATION OF COFFEE EXPORT QUOTAS BEFORE
+ OCTOBER SEEMS UNLIKELY - ICO PRODUCER DELEGATES
+
+  RESTORATION OF COFFEE EXPORT QUOTAS BEFORE
+   OCTOBER SEEMS UNLIKELY - ICO PRODUCER DELEGATES
+  
+
diff --git a/reuters/training/12009 b/reuters/training/12009
new file mode 100644
index 0000000000000000000000000000000000000000..d8cc805c3ef914956573e078ab5ff56a83129143
--- /dev/null
+++ b/reuters/training/12009
@@ -0,0 +1,13 @@
+SHULTZ USSR TRIP FUELS TALK OF EEP WHEAT OFFER
+  Speculation the United States will
+  offer subsidized wheat to the Soviet Union appears to have
+  reached a new level of intensity in the run-up to Secretary of
+  State George Shultz' visit later this month to Moscow.
+      Rumors of an impending deal have coursed through wheat
+  markets since officials from the two countries held their
+  customary, semi-annual grain talks in February. Moscow's
+  decision at that time to reenter the U.S. corn market
+  strengthened the perception of warming farm trade prospects.
+      Shultz is set to arrive in Moscow April 13.
+  
+
diff --git a/reuters/training/1201 b/reuters/training/1201
new file mode 100644
index 0000000000000000000000000000000000000000..4663b33fa9f81365b27e93415f8dd78099fd5d22
--- /dev/null
+++ b/reuters/training/1201
@@ -0,0 +1,24 @@
+ROSTENKOWSKI OPPOSES PROTECTIONIST TRADE BILL
+  House Ways and Means Committee
+  Chairman Dan Rostenkowski said Congress must avoid a temptation
+  to pass a protectionist trade bill this year.
+      In remarks prepared for delivery before the National Press
+  Club, Rostenkowski, D-Ill., predicted major trade legislation
+  will be sent to President Reagan by the end of this year.
+      But he warned that his "conciliatory message" on the trade
+  bill did not mean he would oppose a proposal that would warn
+  other countries their access to the American market would be
+  curtailed unless they opened their markets to U.S. goods.
+      "Complaints about (foreign trade) restraints are not a
+  smoke screen for protectionism, they a plea for fairness,"
+  Rostenkowski said.
+      "It is only reasonable to ask the nations that have denied
+  us access to open up in return for continued freedom in the
+  American market," he added.
+      However, he said there would likely be changes in the
+  market access proposal from the plan which cleared the House
+  last year. That plan would have set a specific time table for
+  foreign countries to ease import restraints or they would face
+  a 25 pct cut in exports to the United States.
+  
+
diff --git a/reuters/training/12010 b/reuters/training/12010
new file mode 100644
index 0000000000000000000000000000000000000000..f40c5c5b01ef67355a1bea797b34a13f1ffb85a4
--- /dev/null
+++ b/reuters/training/12010
@@ -0,0 +1,7 @@
+FREDDIE MAC ADJUSTS SHORT-TERM DISCOUNT RATES
+  The Federal Home Loan Mortgage Corp
+  adjusted the rates on its short-term discount notes as follows:
+     MATURITY   RATE       OLD RATE  MATURITY
+      32 days   6.00 pct   6.10 pct   1 day
+  
+
diff --git a/reuters/training/12011 b/reuters/training/12011
new file mode 100644
index 0000000000000000000000000000000000000000..8960f6e47dd025ecfe0e022f70dc54f2a48b0a34
--- /dev/null
+++ b/reuters/training/12011
@@ -0,0 +1,80 @@
+ICO QUOTAS BEFORE OCTOBER UNLIKELY - DELEGATES
+  The restoration of coffee export quotas
+  before the end of the current 1986/87 coffee year (Oct 1/Sept
+  30) now seems unlikely, given reluctance by International
+  Coffee Organization, ICO, producers and consumers to resume
+  negotiations on an interim quota accord, producer delegates
+  told reporters.
+      Consumers and most producers see no point in reopening the
+  quota dialogue while Brazil's position remains unchanged, they
+  said.
+      Brazil's refusal to accept a reduction in its previous 30
+  pct share of the ICO's global export quota effectively
+  torpedoed talks here last month aimed at restoring quotas
+  before October, the delegates noted.
+      Disappointment at the lack of progress on quotas forced
+  coffee futures in London and New York to new lows today,
+  traders here said. Near May in New York fell below one dlr in
+  early trading at around 99.10 cents per pound, traders said.
+      Producer delegates said that while the possibility of
+  reimposing quotas before October remained on the ICO agenda, in
+  practice the idea had effectively been discarded.
+      The ICO's executive board session here this week has so far
+  barely touched on the quota debate, demonstrating general
+  unwillingness to revive talks while chances of success are
+  still remote, producer delegates said.
+      Some producers are in no hurry to see quotas restored,
+  despite the price collapse seen since the failure of last
+  month's negotiations, they said.
+      "With Brazil's frost season approaching, who wants to
+  negotiate quotas," one leading producer delegate said.
+      Coffee prices normally rise during Brazil's frost season
+  (mainly June-August) as dealers and roasters build up stocks as
+  insurance against possible severe frost damage to Brazil's
+  crop.
+      Many producers are more interested in working towards
+  reimposing quotas from October 1, based on a new system of
+  quota allocations valid until the International Coffee
+  Agreement expires in 1989, they said.
+      Guatemala has already proposed the "other oilds" producer
+  group should meet in the next two months to begin talks on how
+  to allocate quota shares.
+      Producers still seem divided on how to overhaul the quota
+  distribution system, with some producer delegates reporting
+  growing support for a radical reallocation, based on the
+  principle of "objective criteria" favoured by consumers.
+      At last month's council session a splinter group of small
+  producers backed consumer demands for new quota shares based on
+  exportable production and stocks, while Brazil, Colombia and
+  the rest of the producers favoured leaving quota allocations
+  unchanged, except for some temporary adjustments.
+      A delegate from one of the eight said more producers now
+  supported their cause.
+      The delegate said unless major producers like Brazil showed
+  readiness to negotiate new quota shares, prospects for a quota
+  accord in October also looked bleak.
+      The U.S. and most other consumers are still determined to
+  make reimposition of quotas conditional on a redistribution of
+  quota shares based on "objective criteria."
+      ICO observers remained sceptical that Brazil would be
+  prepared to accept a quota reduction when the ICO council meets
+  in September.
+      Brazil has adopted a tough stance with banks on external
+  debt negotiations and is likely to be just as tough on coffee,
+  they said.
+      They said Brazil's reluctance to open coffee export
+  registrations might reflect fears this would provoke another
+  price slide and force an emergency ICO council session, which
+  would most likely end in failure.
+      Producers met this afternoon to review the market situation
+  but had only a general discussion about how further
+  negotiations should proceed, a producer delegate said.
+      Producers plan to hold consultations on quotas, and then
+  may set a date for a formal producer meeting, but plans are not
+  fixed, he said.
+      The ICO executive board reconvened at 1650 hours local time
+  to hear a report from consultants on ICO operations. The board
+  meeting looks set to end today, a day earlier than scheduled,
+  delegates said.
+  
+
diff --git a/reuters/training/12014 b/reuters/training/12014
new file mode 100644
index 0000000000000000000000000000000000000000..dfba576a596d935523994dd0c91efa7843df5d52
--- /dev/null
+++ b/reuters/training/12014
@@ -0,0 +1,7 @@
+(GEOFFRION LECLERC INC) SIX MTHS NET
+  Shr 39 cts vs 26 cts
+      Net 3,466,000 vs 1,913,000
+      Revs 27.7 mln vs 19.4 mln
+      Note: period ended February 28. REUTER
+  
+
diff --git a/reuters/training/12016 b/reuters/training/12016
new file mode 100644
index 0000000000000000000000000000000000000000..d0ada71d5b355557bd21eef33310d8d07081bc3d
--- /dev/null
+++ b/reuters/training/12016
@@ -0,0 +1,12 @@
+FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES
+  The Federal Home Loan Bank Board
+  adjusted the rates on its short-term discount notes as follows:
+      MATURITY   NEW RATE  OLD RATE  MATURITY
+                           5.00 pct    30-69 days
+                           5.92 pct    70-88 days
+    30-123 days  5.00 pct  5.00 pct   89-123 days
+   124-150 days  5.93 pct  5.93 pct  124-150 days
+   151-349 days  5.00 pct  5.00 pct  151-349 days
+   350-360 days  5.98 pct  5.98 pct  350-360 days
+  
+
diff --git a/reuters/training/12017 b/reuters/training/12017
new file mode 100644
index 0000000000000000000000000000000000000000..923d135333a3c29f5dd74a09e2e27b0dc083386a
--- /dev/null
+++ b/reuters/training/12017
@@ -0,0 +1,7 @@
+TOWLE MANUFACTURING CO <QTOW> YEAR LOSS
+  Oper shr loss 4.71 dlrs vs loss 14.09 dlrs
+      Oper loss 22 mln vs loss 67.2 mln
+      NOTE: 1986 loss excludes gain on the sale of Gold Lance
+  Corp of 12.1 mln dlrs. Company is operating under chapter 11.
+  
+
diff --git a/reuters/training/12018 b/reuters/training/12018
new file mode 100644
index 0000000000000000000000000000000000000000..310c5e190823b1de1ea0e11b44783260b479d34e
--- /dev/null
+++ b/reuters/training/12018
@@ -0,0 +1,5 @@
+DELTA AIR LINES COMPLETES ACQUISITION OF WESTERN AIR
+
+  DELTA AIR LINES COMPLETES ACQUISITION OF WESTERN AIR
+  
+
diff --git a/reuters/training/12019 b/reuters/training/12019
new file mode 100644
index 0000000000000000000000000000000000000000..16adc59b1f7b30169c667a0f300de1381944e320
--- /dev/null
+++ b/reuters/training/12019
@@ -0,0 +1,7 @@
+TREASURY'S BAKER SAYS HE HOPES PRIME RATE INCREASES
+TEMPORARY
+
+  TREASURY'S BAKER SAYS HE HOPES PRIME RATE INCREASES
+  TEMPORARY
+  
+
diff --git a/reuters/training/12022 b/reuters/training/12022
new file mode 100644
index 0000000000000000000000000000000000000000..758f6ddafc52f05de61ac36f8930090dc78790d9
--- /dev/null
+++ b/reuters/training/12022
@@ -0,0 +1,10 @@
+SOUTH ATLANTIC FINANCIAL CORP <SOAF> 4TH QTR
+  Shr 12 cts vs 33 cts
+      Net 699,037 vs 1,349,077
+      Year
+      Shr 54 cts vs 55 cts
+      Net 2,748,280 vs 1,833,766
+      NOTE: Per shr amounts reported after preferred stock
+  dividend requirements.
+  
+
diff --git a/reuters/training/12024 b/reuters/training/12024
new file mode 100644
index 0000000000000000000000000000000000000000..4a99c8dc6d1512d5d468f97f96b363fcfa96c7d2
--- /dev/null
+++ b/reuters/training/12024
@@ -0,0 +1,6 @@
+CYPRUS LOWERS COPPER PRICE 1.25 CTS TO 67 CTS
+  Cyprus Minerals Company said it is
+  decreasing its electrolytic copper cathode price by 1.25 cents
+  to 67.0 cents a pound, effective immediately.
+  
+
diff --git a/reuters/training/12027 b/reuters/training/12027
new file mode 100644
index 0000000000000000000000000000000000000000..72f7f24d9114686dfcc3c8ff817aacc300ecd67c
--- /dev/null
+++ b/reuters/training/12027
@@ -0,0 +1,11 @@
+TREASURY'S BAKER HOPES PRIME RATE RISE TEMPORARY
+  Treasury Secretary James Baker said
+  he hopes yesterday's small increase in two major money center
+  banks' prime rate was a temporary phenomenon.
+      "I hope it was a temporary blip upward," he told a House
+  Appropriations subcommittee.
+      He said the decline in interest rates since President
+  Reagan took office remains "one of the significant
+  accomplishments, in the economic area, of this administration."
+  
+
diff --git a/reuters/training/12028 b/reuters/training/12028
new file mode 100644
index 0000000000000000000000000000000000000000..a648a89ab5e787493bd24b5f1bb765153fe89e18
--- /dev/null
+++ b/reuters/training/12028
@@ -0,0 +1,10 @@
+DELTA <DAL> COMPLETES WESTERN AIR <WAL> BUY
+  Delta Air Lines Inc said it completed
+  the acquisition of Western Air Lines Inc this morning.
+      The action follows U.S. Supreme Court Justice Sandra Day
+  O'Connor's overnight granting of Delta and Western's request to
+  stay an earlier injunction against the deal issued by the U.S.
+  Court of Appeals for the Ninth Circuit.
+   More
+  
+
diff --git a/reuters/training/1203 b/reuters/training/1203
new file mode 100644
index 0000000000000000000000000000000000000000..309e2cb23340f78b77c35fb62ae7980372c8a5b4
--- /dev/null
+++ b/reuters/training/1203
@@ -0,0 +1,14 @@
+IMTEC <IMTC> GETS MERGER OFFER
+  Imtec Inc said some
+  shareholders of Computer Identics Inc <CIDN> have proposed a
+  merger of the two companies.
+      The company said the shareholders had previously expressed
+  dissatisfaction with Computer Identics' management and had
+  informed Computer Identics that the present board no longer had
+  the support of a majority of shares held.
+      It said the shareholders had called for the resignation of
+  all but one of Computer Identics' directors and suggested that
+  a new board pursue merger talks with Imtec.  But Imtec said no
+  merger talks havew yet taken place.
+  
+
diff --git a/reuters/training/12031 b/reuters/training/12031
new file mode 100644
index 0000000000000000000000000000000000000000..63ae84fdc73f68d328bcb807e78084deabf7c3b9
--- /dev/null
+++ b/reuters/training/12031
@@ -0,0 +1,18 @@
+AMERICAN OIL AND GAS CORP <AOG> 4TH QTR LOSS
+  Shr loss 34 cts vs loss 2.14 dlrs
+      Net loss 2,275,000 vs loss 9,560,000
+      Revs 17.0 mln vs 19.9 mln
+      Year
+      Shr loss 49 cts vs loss 2.11 dlrs
+      Net loss 2,661,000 vs loss 9,283,000
+      Revs 73.5 mln vs 93.6 mln
+  
+      NOTE: Results have been restated to reflects equity
+  investment in WellTech Inc for one month ended Dec 31, 1986 and
+  its investment in American Well Servicing for the 11 months
+  ended Nov 30, 1986 and full year 1985.
+      1986 and 1985 net include loss of 3,512,000 dlrs and
+  5,944,000 dlrs, respectively, for equity in WellTech and
+  predecessor operations.
+  
+
diff --git a/reuters/training/12032 b/reuters/training/12032
new file mode 100644
index 0000000000000000000000000000000000000000..0a14d5af8ba3e118071d9670e9e21f25fdb61f77
--- /dev/null
+++ b/reuters/training/12032
@@ -0,0 +1,7 @@
+MACANDREWS/FORBES UNIT BEGINS OFFER TO BUY ALL REVLON
+GROUP NOT ALREADY OWNED
+
+  MACANDREWS/FORBES UNIT BEGINS OFFER TO BUY ALL REVLON
+  GROUP NOT ALREADY OWNED
+  
+
diff --git a/reuters/training/12033 b/reuters/training/12033
new file mode 100644
index 0000000000000000000000000000000000000000..39ec420b2c4f43dc70cb43e8df18cd07f94718e7
--- /dev/null
+++ b/reuters/training/12033
@@ -0,0 +1,11 @@
+<NEWPARK RESOURCES INC> YEAR ENDED DEC 31 LOSS
+  Oper shr loss 1.99 dlr vs loss 4.88 dlrs
+      Oper net loss 29.1 mln vs 70.8 mln
+      Revs 34.8 mln vs 84.8 mln
+      NOTE: 1986 and 1985 oper net excludes a loss of 5.5 mln
+  dlrs or 37 cts a share and 64.6 mln dlrs or 4.43 dlrs a share,
+  respectively, for discontinued operations.
+      1986 net also excludes a gain of 66.4 mln dlrs or 4.50 dlrs
+  a share for credit on debt restructuring.
+  
+
diff --git a/reuters/training/12035 b/reuters/training/12035
new file mode 100644
index 0000000000000000000000000000000000000000..926527664dd38f9f261eac1ce76820995f15b4d6
--- /dev/null
+++ b/reuters/training/12035
@@ -0,0 +1,6 @@
+TIERCO GROUP INC <TIER> YEAR ENDED DEC 31 LOSS
+  Shr loss 72 cts vs loss 1.57 dlr
+      Net loss 1,526,359 vs loss 3,315,834
+      Revs 8,032,798 vs 7,276,517
+  
+
diff --git a/reuters/training/12036 b/reuters/training/12036
new file mode 100644
index 0000000000000000000000000000000000000000..31131e9661ad446e9200dc8b33f952b7fc34d92e
--- /dev/null
+++ b/reuters/training/12036
@@ -0,0 +1,6 @@
+MICRODYNE CORP <MCDY> SETS PAYOUT
+  Semi div three cts vs three cts prior
+      Pay June 12
+      Record May 15
+  
+
diff --git a/reuters/training/12040 b/reuters/training/12040
new file mode 100644
index 0000000000000000000000000000000000000000..c4aeb22cf966293c681ee184596ed41ef6228658
--- /dev/null
+++ b/reuters/training/12040
@@ -0,0 +1,12 @@
+FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES
+  The Federal Home Loan Bank Board
+  adjusted the rates on its short-term discount notes as follows:
+      MATURITY   NEW RATE  OLD RATE  MATURITY
+                                                                 
+                                30-123 days  5.00 pct  5.00 pct  
+  30-123 days
+   124-150 days  5.90 pct  5.93 pct  124-150 days
+   151-349 days  5.00 pct  5.00 pct  151-349 days
+   350-360 days  5.96 pct  5.98 pct  350-360 days
+  
+
diff --git a/reuters/training/12042 b/reuters/training/12042
new file mode 100644
index 0000000000000000000000000000000000000000..b51508fc72d182f4e93e994c716834e5a4e3c927
--- /dev/null
+++ b/reuters/training/12042
@@ -0,0 +1,11 @@
+CROWNAMERICA INC <CRNA> 2ND QTR ENDED FEB 28
+  Shr two cts vs 29 cts
+      Net 23,000 vs 338,000
+      Revs 20.2 mln vs 21.5 mln
+      Six mths
+      Shr 64 cts vs 97 cts
+      Net 741,000 vs 1,113,000
+      Revs 43.2 mln vs 44.3 mln
+      NOTE: 1986 2nd qtr and six mths ended March one.
+  
+
diff --git a/reuters/training/12044 b/reuters/training/12044
new file mode 100644
index 0000000000000000000000000000000000000000..d77bb6f198564f52bcf7e92b7b393fa15114e4e3
--- /dev/null
+++ b/reuters/training/12044
@@ -0,0 +1,37 @@
+DIAMOND SHAMROCK <DIA> SEES BETTER 1987 EARNINGS
+  Diamond Shamrock Corp, which will split
+  this month into two separate companies, expects to show
+  improved earnings in 1987 over last year, executives of the new
+  company told Reuters.
+      Charles Blackburn, president and chief executive officer of
+  Diamond Shamrock and the new company, which will emphasize
+  exploration and production, said, "Earnings wil be better than
+  in 1986." He declined to say how much better.
+      In 1986 Diamond Shamrock reported a loss of 115.6 mln dlrs
+  on total revenues of 2.543 billion dlrs. Exploration and
+  production lost 18.5 mln dlrs on revenues of 593.5 mln dlrs.
+      Roger Hemminghaus, Diamond Shamrock vice president and
+  soon-to-be chief executive of the spin-off Diamond Shamrock
+  Refining and Marketing Co, said, "Refining and marketing is a
+  margin business. The margins will return and this will be a
+  better year than 1986."
+      In 1986, refining and marketing showed operating profits of
+  40.1 mln dlrs on revenues of 1.636 billion dlrs.
+      "We are also expecting to be in the black in the first
+  quarter (1987)," Heminghaus added. In the first quarter of 1986,
+  the refining and marketing segment showed a loss of 27.1 mln
+  dlrs on revenues of 492.1 mln dlrs.
+     
+      The executives were in New york for meetings with
+  institutional investors aimed at increasing interest in the
+  company's stock.
+      On the New York Stock Exchange, Diamond Shamrock was
+  trading at 16-1/4, down 1/4.
+      Earlier this year, T. Boone Pickens offered 15 dlrs a share
+  for Diamond Shamrock, and management countered with an offer at
+  17 dlrs and a decision to split off the refining and marketing
+  operation to its shareholders.
+      "Our advisors convinced us the market would give higher
+  multiples for pure plays," Blackburn said.
+  
+
diff --git a/reuters/training/12045 b/reuters/training/12045
new file mode 100644
index 0000000000000000000000000000000000000000..d345eb734f51aaaf5f12d2d8b33d05038e345034
--- /dev/null
+++ b/reuters/training/12045
@@ -0,0 +1,8 @@
+VMS STRATEGIC <VLANS> SETS INITIAL DIVIDEND
+  VMS Strategic Land Trust said it
+  delcared an initial quarterly cash dividend of 30 cts a share,
+  payable May 15 to shareholders of record April 20.
+      The company also said that effective today it will be
+  trading on the NASDAQ system under the symbol <VLANS>.
+  
+
diff --git a/reuters/training/12046 b/reuters/training/12046
new file mode 100644
index 0000000000000000000000000000000000000000..d3af5751f5abe0ebcc1e5fa185a4e422e1a52de6
--- /dev/null
+++ b/reuters/training/12046
@@ -0,0 +1,12 @@
+BETHLEHEM STEEL <BS> SETS PLATE PRICE INCREASES
+  Bethlehem Steel Corp said its
+  base price for carbon plates and high-strength and low-alloy
+  plates will be increased by 25 dlrs to 405 dlrs a short ton,
+  effective July one.
+      The company said its composite prices for alloy plates will
+  also be increased 25 dlrs per ton on the same date, adding it
+  does not publish its prices for this product.
+      Bethlehem Steel said its composite prices for strip mill
+  plates will be increased 15 dlrs a ton.
+  
+
diff --git a/reuters/training/12048 b/reuters/training/12048
new file mode 100644
index 0000000000000000000000000000000000000000..fdcf834a56f0826f749030db36ae2e0a8af4a716
--- /dev/null
+++ b/reuters/training/12048
@@ -0,0 +1,14 @@
+EQUICOR SEES YEAR REVENUES TO TOP TWO BILLION
+  Equicor, Equitable HCA Corp,
+  said that the company will likely attain revenues in excess of
+  two billion dlrs in its first year of operations.
+      The company, created last October with initial equity of
+  400 mln dlrs, is owned equally by the Equitable Life Assurance
+  Society of the U.S. and Hospital Corp of America <HCA>.
+      Financial results for the first six months of the company's
+  operations were not disclosed. Equicor provides employee group
+  plans to 1,500 corporations nationwide. It said it aims to
+  double its marketshare in five years from the about 3.5 pct of
+  the employee benefits industry it controls.
+  
+
diff --git a/reuters/training/12049 b/reuters/training/12049
new file mode 100644
index 0000000000000000000000000000000000000000..957d2aa02db815bb3a07a13db96e2d96aafc86cd
--- /dev/null
+++ b/reuters/training/12049
@@ -0,0 +1,15 @@
+MACANDREWS/FORBES BEGINS REVLON <REV> OFFER
+  MacAndrews and Forbes Group Inc said it
+  began an 18.50-dlr-a-share cash offer for all common stock of
+  Revlon Group Inc it does not already own.
+      The offer, which is being made by a wholly owned
+  subsidiary, Revmac Acquisition Corp, is subject to financing
+  and at least 28.5 mln shares being tendered, the company said.
+      MacAndrews and Forbes, wholly owned by Ronald Perelman,
+  chairman of Revlon Group, held about 31.8 pct of the voting
+  power of Revlon as of March 27, a spokesman said. The stake
+  includes about 15.1 pct of Revlon common and 95 pct of its
+  series A preferred stock, he said.
+   More
+  
+
diff --git a/reuters/training/1205 b/reuters/training/1205
new file mode 100644
index 0000000000000000000000000000000000000000..f2cf1323e39daa5b7a1f30b358b6c2453721c7e3
--- /dev/null
+++ b/reuters/training/1205
@@ -0,0 +1,10 @@
+KAY JEWELERS INC <KJI> 4TH QTR NET
+  Shr 1.62 dlrs vs 1.33 dlrs
+      Net 10.3 mln vs 8,459,000
+      Revs 127.5 mln vs 95.7 mln
+      Year
+      Shr 1.52 dlrs vs 1.20 dlrs
+      Net 9,669,000 vs 7,481,000
+      Revs 278.1 mln vs 232.00 mln
+  
+
diff --git a/reuters/training/12050 b/reuters/training/12050
new file mode 100644
index 0000000000000000000000000000000000000000..52abcbd9bdea15a444b09048084134f3309e942a
--- /dev/null
+++ b/reuters/training/12050
@@ -0,0 +1,23 @@
+ARCO <ARC> UP ON HIGHER EARNINGS ESTIMATE
+  Atlantic Richfield Co's stock rose
+  sharply after analyst Eugene Nowak of Dean Witter Reynolds Inc
+  raised his earnings estmates of the company, traders said.
+      ARCO jumped 1-3/4 to 81-3/4.
+      Nowak said that based on an average oil price of 17 dlrs a
+  barrel in 1987, the company should earn about 4.50 dlrs a
+  share. Next year, based on an average oil price of 18 dlrs a
+  barrel, ARCO should earn about five dlrs a share. The company
+  earned 3.38 dlrs a share in 1986. "If oil prices should rise to
+  an average of 20 dlrs a barrel," he said, "ARCO could record
+  earnings of 6.50 dlrs a share.
+      Nowak said his increased estimates come after the company
+  told analysts yesterday that its first quarter earnings will
+  comfortably cover its quarterly dividend requirement of one dlr
+  a share.
+      Nowak said, "The company has done an outstanding job
+  reducing expenses, and ARCO is poised to generate greater
+  earnings power." He said first quarter earnings will likely
+  exceed the company's expectations stated yesterday and be in
+  the 1.15-1.20 dlr-a-share range.
+  
+
diff --git a/reuters/training/12052 b/reuters/training/12052
new file mode 100644
index 0000000000000000000000000000000000000000..0b31d984536a99fa7ace631e81dd3d09352ecbeb
--- /dev/null
+++ b/reuters/training/12052
@@ -0,0 +1,24 @@
+U.S. SAID PROMISED BULK OF MAIZE EXPORT TO SPAIN
+  The U.S. Has been promised a near
+  monopoly of maize exports to Spain from third countries
+  guaranteed under an agreement with the European Community, an
+  EC official said.
+      The official, who asked not to be named, told Reuters that
+  the guarantee was given in an unpublished clause of the
+  agreement.
+      Under the accord, which began in January, third countries
+  were guaranteed access for the next four years for two mln
+  tonnes a year of maize to the Spanish market, as well as
+  300,000 tonnes of sorghum.
+      However, the official said the U.S. Had been assured that
+  almost all the exports would be reserved for its traders.
+      The EC Commission is to ask member states to agree either a
+  tender system to fix reduced import levies for the maize or to
+  authorise direct imports by the Spanish intervention board.
+      EC sources noted that under a tender system maize from
+  outside the U.S. Would sometimes be offered on more favourable
+  terms than that from the U.S.
+      No Commission spokesman was immediately available for
+  comment.
+  
+
diff --git a/reuters/training/12053 b/reuters/training/12053
new file mode 100644
index 0000000000000000000000000000000000000000..f949cd0e848b516ff00178165c49e7fa2279f063
--- /dev/null
+++ b/reuters/training/12053
@@ -0,0 +1,16 @@
+DEAK INTERNATIONAL BUYS JOHNSON MATTHEY
+  Deak International, a foreign currency
+  and precious metals firm, announced the acquisition of Johnson
+  Matthey Commodities of New York from Minories Finance Limited,
+  a unit of the Bank of England.
+      The purchase valued at 14.8 mln dlrs follows the recent
+  acquisition of London's Johnson Matthey Commodities Limited,
+  Deak said.
+      The New York firm will be known as Deak International
+  Trading Ltd, the company said.
+      Arkadi Kuhlmann, president and chief executive officer of
+  Deak International said the purchase will expand Deak's
+  operations into the precious metals and wholesale non-ferrous
+  metals trading arenas.
+  
+
diff --git a/reuters/training/12054 b/reuters/training/12054
new file mode 100644
index 0000000000000000000000000000000000000000..8cafaa29a396411cabf3d4fbf86caf19790cd5e2
--- /dev/null
+++ b/reuters/training/12054
@@ -0,0 +1,13 @@
+WALL STREET STOCKS/PUROLATOR COURIER <PCC>
+  Purolator Courier Corp stock jumped
+  5-3/8 on a 40 dlr per share takeover offer from Emery Air
+  Freight Corp <EAF>, traders said.
+      Purolator was trading at 40-1/4, 1/4 above the offer price.
+  The Emery offer tops a 35 dlr per share buyout agreement E.F.
+  Hutton LBO Inc reached with Purolator February 27.
+      That offer was to have expired today. Neither Hutton nor
+  Purolator had any immediate comment.
+      "There's probably some speculation out there that there
+  might be another offer," said one analyst.
+  
+
diff --git a/reuters/training/12055 b/reuters/training/12055
new file mode 100644
index 0000000000000000000000000000000000000000..a2344e30403ce74558254e46cdd29bb05d805cc2
--- /dev/null
+++ b/reuters/training/12055
@@ -0,0 +1,16 @@
+ARGENTINE CORN SALES TO USSR LOWER - USDA REPORT
+  Total corn sales by Argentina to the
+  Soviet Union are only 1.5 to 1.8 mln tonnes, with delivery
+  spread out from March to June, the U.S. Agriculture
+  Department's Counselor in Buenos Aires said in a field report.
+      The report, dated March 27, said many sources have stated
+  that the Soviet Union was initially interested in purchasing
+  2.3 mln tonnes lof corn from Argentina.
+      However, Soviet purchases from the United States have
+  tended to displace additional Argentine purchases, the report
+  said.
+      The USDA has to date reported USSR purchases of 2.6 mln
+  tonnes of U.S. corn for delivery in the current U.S.-USSR grain
+  agreement year, which ends this September 30, it said.
+  
+
diff --git a/reuters/training/12059 b/reuters/training/12059
new file mode 100644
index 0000000000000000000000000000000000000000..f67f06fcf12b5c93e5b9bf9e0bf9790da8f9f095
--- /dev/null
+++ b/reuters/training/12059
@@ -0,0 +1,14 @@
+BARNES GROUP <B> EXPECTS SALES TO GROW MODESTLY
+  Barnes Group said it expects
+  sales and net income for 1987 will be up slightly over 1986.
+      Without supplying specific figures, Barnes told
+  shareholders at its annual meeting it expected net income to
+  improve at a rate exceeding its growth in sales, which was two
+  pct higher than 1985.
+      The company said it recorded income from continuing
+  operations of 16.6 mln dlrs, or 2.57 dlrs per share, on sales
+  of 440 mln dlrs in 1986. It said it recorded income from
+  continuing operations of 16.4 mln dlrs, or 2.27 dlrs per share,
+  in the previous year.
+  
+
diff --git a/reuters/training/12061 b/reuters/training/12061
new file mode 100644
index 0000000000000000000000000000000000000000..23238d1cf169c00eb9ed74a9c2464164160090bd
--- /dev/null
+++ b/reuters/training/12061
@@ -0,0 +1,10 @@
+ROADWAY MOTOR PLAZAS INC 3RD QTR JAN 31
+  SHr two cts vs one cts
+      Net 116,843 vs 41,400
+      Revs 17.3 mln vs 12.3 mln
+      Nine months
+      SHr 15 cts vs 10 cts
+      Net 639,448 vs 301,000
+      REvs 37.6 mln vs 35.8 mln
+  
+
diff --git a/reuters/training/12063 b/reuters/training/12063
new file mode 100644
index 0000000000000000000000000000000000000000..c7c1b859ee40dd96c63f8e1eb8f664ef417ec1a3
--- /dev/null
+++ b/reuters/training/12063
@@ -0,0 +1,6 @@
+DIONICS INC <DION> YEAR NET
+  Shr seven cts vs 10 cts
+      Net 127,000 vs 168,100
+      Revs 2,807,400 vs 3,042,900
+  
+
diff --git a/reuters/training/12064 b/reuters/training/12064
new file mode 100644
index 0000000000000000000000000000000000000000..e6a8cb0ffbe64409f21ddcb06f873fab794166bd
--- /dev/null
+++ b/reuters/training/12064
@@ -0,0 +1,6 @@
+WINN-DIXIE STORES INC <WIN> SETS MONTHLY PAYOUT
+  Mthly div 15 cts vs 15 cts prior
+      Pay April 30, May 29, June 24
+      Record April 15, May 15, June 10
+  
+
diff --git a/reuters/training/12067 b/reuters/training/12067
new file mode 100644
index 0000000000000000000000000000000000000000..f2f6194a491ad98eaa33bd09458798c6d8f056a2
--- /dev/null
+++ b/reuters/training/12067
@@ -0,0 +1,7 @@
+WAXMAN INDUSTRIES INC <WAXM> REGULAR PAYOUT
+  Qtly div class A two cts vs two cts prior
+      Qtly div class B one ct vs one ct prior
+      Pay April 17
+      Record April 10
+  
+
diff --git a/reuters/training/12068 b/reuters/training/12068
new file mode 100644
index 0000000000000000000000000000000000000000..cf6e5c4d1193eac703ff4c7911a2ca5f3db19cc7
--- /dev/null
+++ b/reuters/training/12068
@@ -0,0 +1,16 @@
+DEAK BUYS JOHNSON MATTHEY COMMODITIES
+  Deak International, a foreign currency
+  and precious metals firm, announced the acquisition of Johnson
+  Matthey Commodities of New York from Minories Finance Limited,
+  a unit of the Bank of England.
+      The purchase valued at 14.8 mln dlrs follows the recent
+  acquisition of London's Johnson Matthey Commodities Limited,
+  Deak said.
+      The New York firm will be known as Deak International
+  Trading Ltd, the company said.
+      Arkadi Kuhlmann, president and chief executive officer of
+  Deak International, said the purchase will expand Deak's
+  operations in the precious metals and wholesale non-ferrous
+  metals trading arenas.
+  
+
diff --git a/reuters/training/1207 b/reuters/training/1207
new file mode 100644
index 0000000000000000000000000000000000000000..3a0b6fc83bd7097249aa3e2dd05a6784cf3ac467
--- /dev/null
+++ b/reuters/training/1207
@@ -0,0 +1,18 @@
+ICO PACT UNLIKELY BY AUTUMN - ITALIAN ADVISER
+  The prospects of the
+  International Coffee Organization (ICO) reaching an agreement
+  on coffee export quotas before September appear dim, Alberto
+  Hesse, former president of the European Coffee Federation,
+  said.
+      "There is no real goodwill in certain delegations to go to
+  quotas," Hesse, who advises the Italian Foreign Affairs Ministry
+  on coffee issues, told Reuters. He declined to name the
+  delegations.
+      A special meeting between importing and exporting countries
+  ended in a deadlock late yesterday after eight days of talks
+  over how to set quotas.
+      The ICO executive board will meet from March 30 to April 1
+  but the full council is not due to meet again until September.
+  "I am not optimistic about an agreement soon," Hesse said.
+  
+
diff --git a/reuters/training/12073 b/reuters/training/12073
new file mode 100644
index 0000000000000000000000000000000000000000..bfb3c256af27841f18cc78489182f2f639bea777
--- /dev/null
+++ b/reuters/training/12073
@@ -0,0 +1,23 @@
+IIF EXECUTIVE SEES INTEREST RATES DECLINING
+  Institute of International Finance
+  Managing Director Horst Schulmann said that his orgnaization
+  has been forecasting further declines of interest rates in the
+  first half this year and then a levelling off and there is no
+  reason to change that.
+      Speaking to reporters, the bank research group said that
+  the increase in interest rates announced yesterday and other
+  activity in the foreign exchange markets did not indicate a
+  fundamental change in the outlook.
+      Schulmann, speaking broadly about the global debt problem,
+  said that the International Monetary Fund should increase its
+  assistance to third world countries.
+      The remarks come just before next week's meeting of the
+  IMF's Interim Committee and the Joint Development Committee of
+  the IMF and World Bank.
+      In a letter to the committee's, the bank group said,
+  "Commercial banks cannot be the dominant supplier of balance of
+  payments finance."
+      Schulmann said that IMF exposure peaked in 1985 and has
+  declined a bit since then.
+  
+
diff --git a/reuters/training/12076 b/reuters/training/12076
new file mode 100644
index 0000000000000000000000000000000000000000..649d224477514a14b59b37d327dfeb3aa525878a
--- /dev/null
+++ b/reuters/training/12076
@@ -0,0 +1,6 @@
+JAPANESE CRUSHERS BUY CANADIAN RAPESEED
+  Japanese crushers bought 5,000 to 6,000
+  tonnes of Canadian rapeseed for May shipment in export business
+  overnight, trade sources said.
+  
+
diff --git a/reuters/training/12077 b/reuters/training/12077
new file mode 100644
index 0000000000000000000000000000000000000000..20c372629fca54f308ef5d9a08e7a8c611799ff2
--- /dev/null
+++ b/reuters/training/12077
@@ -0,0 +1,19 @@
+WALKER TELECOMMUNICATIONS CORP <WTEL> 4TH QTR
+  Shr loss 58 cts vs loss nil
+      Net loss 2.9 mln vs loss 17,818
+      Revs 5.0 mln vs 7.4 mln
+      Year
+      Shr loss 45 cts vs profit four cts
+      Net loss 2.0 mln vs profit 174,562
+      REvs 28.5 mln vs 25.2 mln
+     
+      NOTE:1986 4th qtr loss includes loss of 2.2 mln dlrs from
+  discontinuance of operations. 1985 4th qtr includes loss of
+  79,395 dlrs from discontinued operations.
+      1986 4th qtr includes 3.5 mln dlr provision for costs
+  anticipated in connection with disposal of division and 500,000
+  dlrs in adjustments related to write-downs. 1985 4th qtr
+  includes gain of 178,000 dlrs for exchange of telephone
+  inventory for barter credits.
+  
+
diff --git a/reuters/training/12078 b/reuters/training/12078
new file mode 100644
index 0000000000000000000000000000000000000000..8f4fffb3ea2b2dc0654106795220a3d2fe091186
--- /dev/null
+++ b/reuters/training/12078
@@ -0,0 +1,15 @@
+BROKERS SECURITIES INC <BKRS> 4TH QTR LOSS
+  Shr loss 16 cts vs profit 23 cts
+      Net loss 97,600 vs profit 91,980
+      Revs 302,745 vs 359,699
+      Avg shrs 621,036 vs 388,536
+      Year
+      Shr profit seven cts vs profit 36 cts
+      Net profit 36,400 vs profit 140,980
+      Revs 1,610,286 vs 763,071
+      Avg shrs 512,235 vs 388,536
+     
+      Note: Year-ago net includes extraordinary gains of 33,654
+  for qtr and 42,654 for the year.
+  
+
diff --git a/reuters/training/12079 b/reuters/training/12079
new file mode 100644
index 0000000000000000000000000000000000000000..932feebf13182a84c2b0667be99ca85fa1505af4
--- /dev/null
+++ b/reuters/training/12079
@@ -0,0 +1,12 @@
+FIRST WORLD CHEESE INC <FWCH> 4TH QTR LOSS
+  Shr loss 15 cts vs profit nil
+      Net loss 392,428 vs profit 1,255
+      Revs 6,371,092 vs 3,031,091
+      Avg shrs 2,544,000 vs 1,440,000
+      Year
+      Shr loss 13 cts vs profit seven cts
+      Net loss 274,951 vs profit 100,534
+      Revs 18.1 mln vs 10.8 mln
+      Avg shrs 2,072,153 vs 1,440,000
+  
+
diff --git a/reuters/training/1208 b/reuters/training/1208
new file mode 100644
index 0000000000000000000000000000000000000000..a4ba8c544c08a174aea6d3efc0d0490c9cd025c5
--- /dev/null
+++ b/reuters/training/1208
@@ -0,0 +1,35 @@
+WALL STREET STOCKS/ANACOMP INC <AAC>
+  Anacomp Inc, one of the most actively
+  traded NYSE issues, rose today as at least one analyst expected
+  earnings to be boosted by its planned acquisition of a
+  micrographics company.
+      Anacomp rose 1/2 to 6-3/4 on volume of 950,000 shares after
+  trading as high as seven earlier.
+      Howard Harlow, analyst at Whale Securities Corp, said
+  Anacomp's earnings for fiscal 1987 ending September 31 could be
+  doubled to 80 cts a share from the 40 cts a share he had
+  forecast before Anacomp agreed to buy DatagraphiX, a
+  micrographics firm, from General Dynamics Corp <GD>.
+      "The company can earn 80 cts a share in fiscal 1987, maybe
+  as much as a dlr a share, because of DatagraphiX," Harlow said.
+  "Most of the benefit will be in the fourth qtr because it will
+  integrate the company in the second half."
+      Anacomp's earnings will be less if it has problems
+  integrating DatagraphiX, Harlow said.
+      A spokesman at Anacomp said the company expects to complete
+  its deal for DatagraphiX later this month. She would not say
+  how much it will pay for DatagraphiX, but noted that
+  DatagraphiX contributed 10 mln dlrs in earnings to General
+  Dynamics on revenues of 239 mln dlrs in 1986.
+      Harlow said a fellow analyst at Whale Securities estimates
+  that Anacomp will pay between 100 mln dlrs to 150 mln dlrs for
+  DatagraphiX. "The estimates on the street narrow it down to
+  between 110 mln dlrs and 130 mln dlrs," Harlow added.
+      Anacomp reported net of 2.8 mln dlrs or nine cts a share in
+  its first qtr ended December 31, up from 301,000 dlrs or one ct
+  a share.
+      In Anacomp's fiscal 1986 it earned 4,073,000 dlrs or 13 cts
+  a share.
+      Whale Securities recommends buying the stock, Harlow said.
+  
+
diff --git a/reuters/training/12080 b/reuters/training/12080
new file mode 100644
index 0000000000000000000000000000000000000000..7f0ab06b7e08df106d752b4ac8f2b745078c6472
--- /dev/null
+++ b/reuters/training/12080
@@ -0,0 +1,13 @@
+YUGOSLAV RETAIL PRICES UP 7.0 PCT IN MARCH
+  Yugoslav retail prices in March rose
+  7.0 pct from February, to stand 93.2 pct higher than in March
+  1986, Federal Statistics Office (FSO) figures show.
+      In February, retail prices rose 7.2 pct from January to
+  stand 91.6 pct higher than in February 1986.
+      The cost of living, which includes rents and costs such as
+  utilities and transport, was up 7.8 pct in March from February
+  to stand 94.8 pct higher than in March 1986, the FSO said.
+      In February the cost of living increased 7.3 pct from
+  January and stood 93.6 pct higher than in February 1986.
+  
+
diff --git a/reuters/training/12081 b/reuters/training/12081
new file mode 100644
index 0000000000000000000000000000000000000000..8b98d2a6d3d7ecea14dab29709069ed2baca5bc0
--- /dev/null
+++ b/reuters/training/12081
@@ -0,0 +1,18 @@
+GRAIN SHIPS WAITING AT NEW ORLEANS
+  Ten grain ships were loading and 18
+  were waiting to load at New Orleans elevators, trade sources
+  said.
+   ELEVATOR                     LOADING  WAITING
+   Continental Grain, Westwego     1      3
+   Mississippi River, Myrtle Grove 2      0
+   ADM Growmark                    1      4
+   Bunge Grain, Destrehan          1      0
+      ELEVATOR                LOADING  WAITING
+   ST CHARLES DESTREHAN         1      3
+   RESERVE ELEVATOR CORP        0      1
+   PEAVEY CO, ST ELMO           1      2
+   CARGILL GRAIN, TERRE HAUTE   1      4
+   CARGILL GRAIN, PORT ALLEN    1      0
+   ZEN-NOH                      1      1
+  
+
diff --git a/reuters/training/12083 b/reuters/training/12083
new file mode 100644
index 0000000000000000000000000000000000000000..8ece82c98779200477b182e4bfc0efeeeea51392
--- /dev/null
+++ b/reuters/training/12083
@@ -0,0 +1,24 @@
+J.C. PENNEY <JCP> TO BUY EQUITY IN BEEBA'S
+  J.C. PEnney Co Inc said it signed a
+  letter of intent to acquire one mln shares, or a 20 pct equity
+  interest, of Beeba's Creations Inc <BEBA> for 18.75 dlrs a
+  share.
+      Penney said the agreement also calls for Beeba's, a major
+  supplier of junior sportswear, to work with Penny in the
+  establishment of junior specialty shops to be created in about
+  100 Penney stores in early 1988.
+      Freestanding stores are also being planned, the company
+  said. Beeba's will be the principal source of merchandise to
+  the shops, it said.
+      For the six months ended February 28, Beeba's reported net
+  income of 1.2 mln dlrs on sales of 39.4 mln dlrs.
+      Penney said it will establish an independent merchandising
+  and marketing organization to manage and support the shops
+  which will be staffed by personnel both from within and outside
+  the company.
+      The company said the new agreement would have no impact on
+  its current supplier base and it will continue to work with as
+  braod base of suppliers of junior sportswear as it does in its
+  other merchandise areas.
+  
+
diff --git a/reuters/training/12084 b/reuters/training/12084
new file mode 100644
index 0000000000000000000000000000000000000000..008eb70f98018104cedab5c4f9a80780670a9c02
--- /dev/null
+++ b/reuters/training/12084
@@ -0,0 +1,36 @@
+AUSTRIAN BANKS DIVIDED OVER INTEREST RATE CUT
+  Calls for a cut in Austrian interest
+  rates have grown in recent days but bank chiefs are divided
+  over the issue.
+      Karl Vak, General Director of the Zentralsparkasse und
+  Kommerzialbank, Wien, called today for a cut of up to half a
+  percentage point in interest rates across the board. But Hannes
+  Androsch, head of Creditanstalt-Bankverein <CABV.VI> told
+  Reuters he opposed a cut because it would hurt small savers.
+      Vak told a news conference that last January's cut in
+  lending rates for commercial customers and for all depositors
+  by a quarter point had been insufficient.
+      The January cut followed the National Bank's lowering of
+  its discount and Lombard rates by half a point in line with a
+  similar Bundesbank move. Prime lending rate is now 8.75 pct and
+  deposit rates vary between 3.25 and 5.75 pct.
+      Yesterday Hellmuth Klauhs, head of the Genossenschaftliche
+  Zentralbank AG, said rates could fall at least a quarter of a
+  point, or even half a point if German rates dropped further.
+      Vak noted that inflation had fallen below one pct. A
+  widening gap between Austrian rates and cheaper West German
+  credit along with forecasts of slow Austrian economic growth
+  this year also justified a further interest drop, he said.
+      Karl Pale, head of Girozentrale und Bank der
+  oesterreichischen Sparkassen AG [GIRV.VI] has also called for
+  lower deposit rates but said lending rates should remain
+  unchanged at the moment. Interest margins were too small,
+  particularly when compared with other West European countries.
+      But Hans Haumer, head of the Erste Oesterreichische
+  Spar-Casse-Bank told Reuters that no cut should be made unless
+  West German rates came down first.
+      Banking sources said no bank seemed ready to lower rates
+  alone and supporters of a cut would have difficulty overcoming
+  opposition from Creditanstalt, Austria's biggest bank.
+  
+
diff --git a/reuters/training/12085 b/reuters/training/12085
new file mode 100644
index 0000000000000000000000000000000000000000..ca1e2183f094688170b09a738f23792f75e09928
--- /dev/null
+++ b/reuters/training/12085
@@ -0,0 +1,12 @@
+A.G. EDWARDS INC <AGE> 4TH QTR FEB 28 NET
+  Shr 81 cts vs 63 cts
+      Net 16,900,000 vs 13,100,000
+      Revs 152.5 mln vs 118.1 mln
+      Year
+      Shr 2.59 dlrs vs 1.85 dlrs
+      Net 53,700,000 vs 38,100,000
+      Revs 526.3 mln vs 404.3 mln
+      NOTE: Prior year earnings reflect a three-for-two stock
+  split distributed in May, 1986
+  
+
diff --git a/reuters/training/12087 b/reuters/training/12087
new file mode 100644
index 0000000000000000000000000000000000000000..f61291085cc34ab01ad4e8e70fd7fee28d6a0e5b
--- /dev/null
+++ b/reuters/training/12087
@@ -0,0 +1,12 @@
+PERIPHERAL SYSTEMS <PSIX> AGRESS TO BUY COMPANY
+  Peripheral Systems Inc said it
+  agreed in principle to acquire the outstanding shares of
+  <Nucell Inc>.
+      The agreement calls for an exchange of one share of
+  Peripheral for each share of Nucell, subject to approval by
+  both companies' boards, it said.
+      Peripheral said its increased involvement in the
+  development of Nucell's nuclear battery technology made the
+  merger practical.
+  
+
diff --git a/reuters/training/1209 b/reuters/training/1209
new file mode 100644
index 0000000000000000000000000000000000000000..f885521235167bd2516f8e5c1c6d9a8cafbb49d0
--- /dev/null
+++ b/reuters/training/1209
@@ -0,0 +1,13 @@
+CORRECTED - LIFETIME<LFT> TO BUY NIPPON LACE SAHRES
+  Lifetime Corp said it agreed to buy
+  five mln shares or 16 pct of <Nippon Lace Co Ltd> for 3.28 dlrs
+  a share, or 16.5 mln dlrs.
+      It said it plans to enter the health care business in
+  Japan.
+      In addition, it said <Koba Electronics Co Ltd>, an
+  affiliate of Nippon, will buy four mln unissued shares, or a 12
+  pct stake, of Lifetime for 20 mln dlrs or five dlrs a share. -
+  Corrects to show Nippon's affiliate Koba buying stake in
+  Lifetime.
+  
+
diff --git a/reuters/training/12091 b/reuters/training/12091
new file mode 100644
index 0000000000000000000000000000000000000000..bed6cc66c45a1ce67750a3e09e0fd5cf311bfde4
--- /dev/null
+++ b/reuters/training/12091
@@ -0,0 +1,9 @@
+MANUFACTURERS NATIONAL <MNTL> UNIT LIFTS RATE
+  Manufacturers National Corp's
+  Manufacturers Bank-Wilmington said it increased the interest
+  rate on its no-fee variable rate MasterCard to 13.6 pct from
+  13.3 pct.
+      The new interest rate applies to the second quarter. The
+  rate on the card is set quarterly.
+  
+
diff --git a/reuters/training/12093 b/reuters/training/12093
new file mode 100644
index 0000000000000000000000000000000000000000..6a74dbd348540f5e4c48c6da3094269af85d9aed
--- /dev/null
+++ b/reuters/training/12093
@@ -0,0 +1,10 @@
+FIRST CHICAGO <FNB> UNIT BUYS BANKS
+  First Chicago Corp's American National
+  Bank unit said it completed the acquisition of four suburban
+  Chicago banks with combined assets of about 231 mln dlrs.
+      The banks are National Bank of North Evanston, Elgin
+  National bank, First National Bank of Schiller Park and
+  Merchants and Manufacturers State Bank in Melrose Park.
+      American National now owns nine banks.
+  
+
diff --git a/reuters/training/12094 b/reuters/training/12094
new file mode 100644
index 0000000000000000000000000000000000000000..09ed2062dfb576da6a1e458405310d82548ab1a3
--- /dev/null
+++ b/reuters/training/12094
@@ -0,0 +1,8 @@
+CENTERRE <CTBC> ACQUIRES BENEFIT PLAN SERVICES
+  Centerre Bancorp said it completed the
+  acquisition of Benefit Plan Services Inc, Maryland Heights,
+  Mo., which specializes in designing and administering small and
+  moderately sized pension plans.
+      Terms were not disclosed.
+  
+
diff --git a/reuters/training/12098 b/reuters/training/12098
new file mode 100644
index 0000000000000000000000000000000000000000..8b2035a7a3d86f06107d0624f97a72ce5f0bc3ae
--- /dev/null
+++ b/reuters/training/12098
@@ -0,0 +1,10 @@
+CONOLOG CORP <CNLG> 2ND QTR JAN 31 NET
+  Shr two cts vs two cts
+      Net 69,831 vs 107,773
+      Revs 1,068,905 vs 2,401,518
+      Six mths
+      Shr three cts vs three cts
+      Net 129,649 vs 155,089
+      Revs 2,673,141 vs 4,666,104
+  
+
diff --git a/reuters/training/121 b/reuters/training/121
new file mode 100644
index 0000000000000000000000000000000000000000..f66b3ee2a6b10f56b36677f5740ef1bce610cd7d
--- /dev/null
+++ b/reuters/training/121
@@ -0,0 +1,16 @@
+CHINESE PORK OUTPUT SEEN LOWER -- USDA
+  High feed prices will cause the
+  Chinese to reduce hog herd growth and pork production this
+  year, the U.S. Agriculture Department said.
+      In its World Production and Trade Report, the department
+  said hog numbers at the start of 1987 were estimated at 331.6
+  mln head, up slightly from 1986, and 10 mln head above earlier
+  projections for 1987.
+      Pork production in 1986 was up 4.2 pct to 17.25 mln tonnes,
+  slightly below earlier estimates, it said.
+      For 1987, production is projected to fall to 17.05 mln
+  tonnes.
+      Feed prices at the end of January were reported 35 to 40
+  pct above year-ago levels, the department said.
+  
+
diff --git a/reuters/training/1210 b/reuters/training/1210
new file mode 100644
index 0000000000000000000000000000000000000000..69c502055926dce1071afaf2aa77b48d13fd58da
--- /dev/null
+++ b/reuters/training/1210
@@ -0,0 +1,34 @@
+U.K. EXPORTS BODY GETS NEW EXECUTIVE DIRECTOR
+  Export Credits Guarantee Department has
+  named Malcolm Stephens, director of export finance at Barclay's
+  Bank Plc and a former career civil servant at ECGD for 17
+  years, to the post of executive director, a department
+  spokesman said.
+      Stephens replaces Jack Gill, who is retiring early aged 57.
+      A drop in the ECGD's business volume and a rise in its debt
+  to the Exchequer have led to criticism in Parliament in recent
+  years.
+      Stephens said the fall in business volume was a top
+  convern, adding that the department may have to compete more
+  aggressively with private insurance firms providing similar
+  services.
+      The department's annual report for the year ended March 31,
+  1986, showed exports insured by the department fell to 15.7
+  billion stg from 17.4 billion the year before, while its debt
+  to the Exchequer almost doubled to 756 mln stg.
+      Stephens said he had no specific list of changes. But among
+  his chief concerns was the weakened condition of lesser
+  developed countries and their ability to pay for their imports.
+      The agency will have to review its policies on insuring
+  export credits to lesser credits on a country by country basis,
+  he said. "Large lump political risk insurance is the sort of
+  thing we want to take a look at."
+      "You have to try to look forward to see if you are simply in
+  a peak and trough situation or it is a more long term thing,"
+  Stephens said, in response to a qustion about whether ECGD will
+  strike more countries from its list of political risk insurance
+  recipients.
+      He noted that certain countries have already been removed
+  from the list.
+  
+
diff --git a/reuters/training/12101 b/reuters/training/12101
new file mode 100644
index 0000000000000000000000000000000000000000..13115bed65d5a3dd59ad0064890132eadb0c1267
--- /dev/null
+++ b/reuters/training/12101
@@ -0,0 +1,11 @@
+BANKERS TRUST <BT> RAISES PRIME LENDING RATE
+  Bankers Trust Co said it has raised its
+  prime lending rate to 7-3/4 pct from 7-1/2, effective
+  immediately.
+      This move is the latest in a series of similar actions by
+  leading U.S. money center banks, including Citibank NA and
+  Chase Manhattan Bank NA, over the last 24 hours.
+      AmeriTrust Corp of Ohio also raised its prime lending rate
+  to 7-3/4 pct from 7-1/2, effective tomorrow.     
+  
+
diff --git a/reuters/training/12102 b/reuters/training/12102
new file mode 100644
index 0000000000000000000000000000000000000000..5db4b03bc5fecb4f56a405a284bbfa898a164638
--- /dev/null
+++ b/reuters/training/12102
@@ -0,0 +1,6 @@
+BOATMEN'S NATIONAL BANK <BOAT> RAISES PRIME
+  Boatmen's Bancshares said its
+  Boatmen's National Bank raised the prime rate to 7-3/4 pct from
+  7-1/2 pct, effective immediately.
+  
+
diff --git a/reuters/training/12106 b/reuters/training/12106
new file mode 100644
index 0000000000000000000000000000000000000000..ba391f1869e9a270acf49489051ebca506789835
--- /dev/null
+++ b/reuters/training/12106
@@ -0,0 +1,10 @@
+UNICORP VOTING STAKE HIKED IN UNION ENTERPRISES
+  <Union Enterprises Ltd> said holders of
+  7.2 mln or 80 pct of its class A series one preferred shares
+  requested to retract their shares under terms of the issue,
+  thus raising <Unicorp Canada Corp>'s voting stake in Union to
+  58 pct from 50.
+      Union said it paid about 90 mln dlrs on April 1 for the
+  retraction, using existing credit lines.
+  
+
diff --git a/reuters/training/1211 b/reuters/training/1211
new file mode 100644
index 0000000000000000000000000000000000000000..4a05b40119545337e20808385c15217e3bdcbc46
--- /dev/null
+++ b/reuters/training/1211
@@ -0,0 +1,27 @@
+OILS/FATS STOCKS SEEN FALLING SHARPLY IN 1986/87
+  Visible stocks of 17 oils and fats are
+  probably peaking now and are likely to fall sharply by October
+  1 this year, the Oil World newsletter said.
+      Oil World forecast that stocks of oils and fats may be cut
+  to only 9.8 mln tonnes at the end of this season, compared with
+  10.6 mln a year earlier.
+      Its survey covered  13 oils -- soy, cotton, groundnut, sun,
+  rape, sesame, corn, olive, coconut, palmkernel, palm, lin and
+  castor  -- and four animal oils and fats -- butter, fish oil,
+  lard and tallow/greases.
+      Oil World's analysis predicted only a slight production
+  increase of 0.5 mln tonnes in the year to end-September 1987,
+  compared with increases of 3.6 mln and 4.0 mln tonnes in the
+  previous two seasons.
+      It said world consumption was continuing to rise. Unusually
+  low prices prevailing since early 1986 had stimulated demand
+  for both food and non-food purposes, it said.
+      World consumption  could increase by a record 2.8 mln
+  tonnes to 71.8 mln tonnes this season and would be even higher
+  if the Indian government did not artificially curb domestic
+  demand.
+      Oil World said it did not expect the European Community
+  (EC) to introduce a vegetable oils tax, but if such a tax were
+  introduced it would have a negative impact on EC consumption.
+  
+
diff --git a/reuters/training/12110 b/reuters/training/12110
new file mode 100644
index 0000000000000000000000000000000000000000..a41eec7e6c4b5ca898be284d021921b87736b8db
--- /dev/null
+++ b/reuters/training/12110
@@ -0,0 +1,13 @@
+STARRETT HOUSING CORP <SHO> 4TH QTR NET
+  Oper shr 20 cts vs eight cts
+      Oper net 1,869,000 vs 957,000
+      Revs 41.0 mln vs 22.9 mln
+      Year
+      Oper shr 52 cts vs 53 cts
+      Oper net 5,386,000 vs 5,147,000
+      Revs 116.8 mln vs 98.3 mln
+      Note: Oper excludes extraordinary reserves related to
+  arbitration of Iranian claims of 2,062,000 vs 3,200,000 for qtr
+  and year.
+  
+
diff --git a/reuters/training/12112 b/reuters/training/12112
new file mode 100644
index 0000000000000000000000000000000000000000..7c962b60fd0388ab10ff7925fee4e6f23d00e2db
--- /dev/null
+++ b/reuters/training/12112
@@ -0,0 +1,6 @@
+FIRST WISCONSIN NAT'L BANK<FWB> HIKES PRIME RATE
+  First Wisconsin National Bank said it
+  has raised its prime rate to 7-3/4 pct from 7-1/2 pct,
+  effective today.
+  
+
diff --git a/reuters/training/12114 b/reuters/training/12114
new file mode 100644
index 0000000000000000000000000000000000000000..2498a3f1f002c07cba1ec91eb2d5c9f00b271d82
--- /dev/null
+++ b/reuters/training/12114
@@ -0,0 +1,7 @@
+GAC LIQUIDATING TRUST <GACTZ> SETS CASH PAYOUT
+  Unit distribution one dlr vs 1.75 dlrs prior
+      pay June one
+      Record May one
+      Note: Prior distribution declared in April 1986.
+  
+
diff --git a/reuters/training/12115 b/reuters/training/12115
new file mode 100644
index 0000000000000000000000000000000000000000..f98e3819ed95b26730a5612180b09f5b573f8379
--- /dev/null
+++ b/reuters/training/12115
@@ -0,0 +1,21 @@
+WRATHER CORP <WCO> 4TH QTR LOSS
+  Shr loss 53 cts vs loss 55 cts
+      Net loss 3,865,000 vs 3,963,000
+      Revs 24.2 mln vs 26.8 mln
+      Year
+      Shr loss 1.21 dlrs vs profit 56 cts
+      Net loss 8,758,000 vs profit 4,040,000
+      Revs 108.5 mln vs 113.8 mln
+  
+      Note: Prior qtr figures include income from discontinued
+  operations of 10,000 dlrs, gain on disposal of discontinued
+  operations of 269,000 dlrs, or four cts per share, and
+  operating loss carryforward gain of 936,000 dlrs, or 13 cts per
+  share.
+      Prior year figures include income from discontinued
+  operations of 164,000 dlrs, or two cts per share, gain on
+  disposal of discontinued operation of 3.9 mln dlrs, or 54 cts
+  per share, and operating loss carryforward gain of 3.7 mln
+  dlrs, or 48 cts per share.
+  
+
diff --git a/reuters/training/12117 b/reuters/training/12117
new file mode 100644
index 0000000000000000000000000000000000000000..c6fe761b46cc77b4329c291cf6ccea57430de605
--- /dev/null
+++ b/reuters/training/12117
@@ -0,0 +1,11 @@
+EC SUGAR IMPORT LEVIES
+  The following import levies for white
+  and raw sugar are effective tomorrow, in European currency
+  units (ecu) per 100 kilos.
+      White sugar, denatured and non-denatured 51.94 versus 51.36
+  previously.
+      Raw sugar, denatured and non-denatured 44.05 versus 43.69
+  previously.
+      The rate for raws is based on 92 pct yield.
+  
+
diff --git a/reuters/training/12119 b/reuters/training/12119
new file mode 100644
index 0000000000000000000000000000000000000000..6ddc43f5264a6dcec91ebdb8116c22f5c2bf0dc9
--- /dev/null
+++ b/reuters/training/12119
@@ -0,0 +1,6 @@
+MURPHY OIL CORP <MUR> SETS REGULAR DIVIDEND
+  Qtly div 25 cts vs 25 cts prior
+      Pay June one
+      Record May 15
+  
+
diff --git a/reuters/training/1212 b/reuters/training/1212
new file mode 100644
index 0000000000000000000000000000000000000000..df097ed208f14473a3e358f2361b53a3d163476d
--- /dev/null
+++ b/reuters/training/1212
@@ -0,0 +1,35 @@
+COLOMBIA TRADERS SAY NEW COFFEE STRATEGY VITAL
+  Coffee producing countries must quickly
+  map out a fresh common strategy following the failure of the
+  International Coffee Organization, ICO, to reach agreement on
+  export quotas, Gilberto Arango, president of Colombia's private
+  coffee exporters' association, said.
+      Arango told Reuters that the most intelligent thing now
+  would be to seek a unifying stand from producers, including
+  Brazil, in order to map out a strategy to defend prices.
+      An ICO special meeting ended last night in London with
+  exporting and consuming nations failing to agree on a
+  resumption of export quotas, suspended one year ago after
+  prices soared following a prolonged drought in Brazil.
+      Arango said there would be no imminent catastrophe but
+  predicted that over the short term prices would undoubtedly
+  plummet.
+      However, he said the market should also take into account
+  evident factors such as Brazil's low stocks and the sale of the
+  near totality of the Central American crop.
+      Trade sources said Colombia's coffee was today quoted at
+  1.14 dlrs a lb in New York, its second lowest price in the past
+  10 years.
+      Cardenas said these countries apparently fail to understand
+  the true impact of such a failure for coffee producing nations
+  as well as for industrialized countries.
+      It is difficult to believe that while efforts are made to
+  solve the problem of the developing world's external debt,
+  decisions are being taken which cut earnings used for repaying
+  those debts, he said.
+      "In Colombia's case, we watch with consternation that,
+  while we try to effectively combat drug trafficking, countries
+  which support us in this fight seek to cut our jugular vein,"
+  Cardenas said.
+  
+
diff --git a/reuters/training/12121 b/reuters/training/12121
new file mode 100644
index 0000000000000000000000000000000000000000..6ca1abfc2b30b36a2b641e6345b1e7acd0488118
--- /dev/null
+++ b/reuters/training/12121
@@ -0,0 +1,35 @@
+LAWSON WANTS STERLING AROUND 1.60 DLRS, 2.90 MKS
+  U.K. Chancellor of the Exchequer Nigel
+  Lawson said he wanted sterling to stay roughly where it was,
+  specifying a rate of around 2.90 marks and 1.60 dlrs.
+      He told the National Economic Development Council that the
+  recent Paris meeting of major industrialised nations had agreed
+  on the need for exchange rate stability. There was now a
+  "reasonable alignment of currencies" and the U.K. Government
+  intended to keep sterling at about its present level, he said.
+      That meant around 2.90 marks, which is the single most
+  important rate to concentrate on, and 1.60 dlrs, Lawson said.
+      His disclosure of two of the key targets for sterling was
+  highly unusual, foreign exchange market analysts said.
+      In the past he has preferred to be less definite about the
+  Government's exchange rate policy, lest it give foreign
+  exchange markets set limits to test.
+      Lawson told the committee, which is a tripartite forum of
+  government, unions and industry, that the pound would be kept
+  near its present level by a mixture of interest rates and
+  intervention in the foreign exchange markets.
+      The pound finished trading here today at 1.6040/50 dlrs and
+  2.9210/45 marks.
+      His disclosure of two of the key targets for sterling was
+  highly unusual, foreign exchange market analysts said.
+      In the past he has preferred to be less definite about the
+  Government's exchange rate policy, lest it give foreign
+  exchange markets set limits to test.
+      Lawson told the committee, which is a tripartite forum of
+  government, unions and industry, that the pound would be kept
+  near its present level by a mixture of interest rates and
+  intervention in the foreign exchange markets.
+      The pound finished trading here today at 1.6040/50 dlrs and
+  2.9210/45 marks.
+  
+
diff --git a/reuters/training/12122 b/reuters/training/12122
new file mode 100644
index 0000000000000000000000000000000000000000..630c30a172f3073e7a486259a5650512f32cad92
--- /dev/null
+++ b/reuters/training/12122
@@ -0,0 +1,24 @@
+NEW VENEZUELA DEBT INTEREST RATE GOES INTO EFFECT
+  The new interest rate of 7/8 pct over
+  Libor on Venezuelan public sector debt payments goes into
+  effect today, Finance Minister Manuel Azpurua said .
+      Azpurua told reporters yesterday the reduction from the
+  previous margin of 1-1/8 pct above Libor will save the country
+  some 50 mln dollars in debt servicing.
+      The new rate is among changes agreed last month to the 20.3
+  billion dlr public sector debt rescheduling. Under the new
+  agreement, Venezula was also able to extend the term from 12 to
+  14 years and to lower debt payments in the 1987-89 period by 64
+  pct.
+      Azpurua said that according to the agreement, the new
+  interest rate will be retroactive to April 1, provided the
+  accord is approved before October 1.
+      He told reporters the term sheet detailing the changes in
+  the rescheduling has already been endorsed by the 13-member
+  debt steering committee and is now being sent to the country's
+  460 creditor banks for their approval.
+      The new agreement replaces a rescheduling accord signed in
+  February 1986, which Venezuela asked to revise to reflect a 45
+  pct drop in oil revenues.
+  
+
diff --git a/reuters/training/12125 b/reuters/training/12125
new file mode 100644
index 0000000000000000000000000000000000000000..8289df91f744fafd95c3a32c7447919c2f28adf3
--- /dev/null
+++ b/reuters/training/12125
@@ -0,0 +1,7 @@
+SUNTRUST BANKS <STI> RAISES PRIME TO 7-3/4 PCT
+  SunTrust Banks said that Sun Banks in
+  Florida and Trust Co banks in Georgia have raised their prime
+  rate to 7-3/4 pct from 7-1/2 pct.
+      The company said the action is effective immediately.
+  
+
diff --git a/reuters/training/12127 b/reuters/training/12127
new file mode 100644
index 0000000000000000000000000000000000000000..1f8c31fe9654b5cee8ba17e168cf1fc71376ac69
--- /dev/null
+++ b/reuters/training/12127
@@ -0,0 +1,33 @@
+HORN/HARDART <HOR> UNIT DISPOSES 33 RESTAURANTS
+  Horn and Hardart Co said it
+  disposed of 33 Bojangles' Chicken 'N Biscuits restaurants in
+  Florida as part of its previously announced retrenchment of its
+  Bojangles' subsidiary.
+      Terms were not disclosed.
+      The company said the restaurants in Orlando, Tampa and
+  Jacksonville markets have incurred the majority of Bojangles'
+  operating losses over the last two years.
+      Due to the transaction, Horn and Hardart is projecting a
+  positive cash flow for the unit for the remainder of fiscal
+  1987.
+      A spokesman said the disposition consists of a combination
+  of sale, lease and re-franchise agreements.
+      The transaction involves one-quarter of the company-owned
+  Bojangles' restaurants and is in accordance with its
+  restructuring program announced in October 1986.
+      A spokesman said the company is considering the sale or
+  spinoff of the 91-company owned additional restaurants, which
+  are profitable.
+      The company said the disposition will result in no profit
+  or loss for the company because the costs were anticipated in a
+  34-mln-dlr reserve taken in the third quarter of 1986.
+      The foodservice division, which includes Burger King,
+  Arby's and Tony Roma's, had a pre-tax operating loss of 29.6
+  mln dlrs in 1986, including the 34.0 mln dlr charge to
+  restructure Bojangles. Excluding Bojangles', the group had
+  revenues of 43.8 mln dlrs.
+      The company said that, pursuant to the restructuring, it
+  has cut general and administrative expenses attributable to
+  Bojangle' by 35 pct.
+  
+
diff --git a/reuters/training/12128 b/reuters/training/12128
new file mode 100644
index 0000000000000000000000000000000000000000..099bcd3223cb702a3294397bc3194e203d83afce
--- /dev/null
+++ b/reuters/training/12128
@@ -0,0 +1,6 @@
+MULTIBANK FINANCIAL CORP <MLTF> IN PAYOUT
+  Qtly div 13 cts vs 13 cts prior
+      Pay April 20
+      Record April 10
+  
+
diff --git a/reuters/training/1213 b/reuters/training/1213
new file mode 100644
index 0000000000000000000000000000000000000000..e50df71f54b97d2dde9d83f76f856412e7f68219
--- /dev/null
+++ b/reuters/training/1213
@@ -0,0 +1,40 @@
+TENDER LOVING <TLCI>, STAFF <STAF> EXTEND PACT
+  Tender Loving Care Health Care
+  Services Inc said it and Staff Buildiers Inc have extended the
+  term of their merger agreement until May 31.
+      Tender Loving Care also said <Norrell Corp> agreed not to
+  acquire any additional Staff Builders shares until September
+  30, adding Norrell was paid 750,000 dlrs for the standstill
+  arrangement. 
+      Tender Loving Care said it agreed to buy the 610,000 Staff
+  Builders common held by Norrell, about 19.1 pct of those
+  outstanding, for 6,950,000 dlrs immediately prior to the
+  consummation of the merger.
+      Tender Loving Care said the extended merger agreement
+  continues to provide for the exchange of 1.6 of its shares for
+  each Staff Builders share outstanding.
+      As announced February 26, the Staff Builders shareholders
+  meeting to vote on the merger, originally convened and
+  adjourned December 23, will be reconvened on April 22.
+      Tender Loving Care said its payment to Norrell will include
+  1,950,000 dlrs in cash and five mln dlrs of a new series of
+  eight pct Tender Loving Care convertible preferred.
+      Tender Loving Care said it and Staff Builders have filed a
+  revised registration and proxy statement with the Securities
+  and Exchange Commission. Upon clearance of the revised proxy
+  statement by the commission and its distribution to Staff
+  Builders' shareholders, that company's management will continue
+  to solicit proxies for approval of the merger.
+      Tender Loving Care said it will have the power to vote
+  about 15.8 pct of Staff Builders' shares at the adjourned
+  meeting with a spokesman explaining that this represents the
+  proxies held by Norrell, which started buying the stock after
+  the record date for the meeting.
+      In addition, Staff Builders officers and directors own
+  about 13.8 pct of its stock and have agreed to vote in favor of
+  the merger.
+      Accordingly, the vote of an additional 37.1 pct of the
+  outstanding shares will be required to approve the merger,
+  Tender Loving Care said.
+  
+
diff --git a/reuters/training/12131 b/reuters/training/12131
new file mode 100644
index 0000000000000000000000000000000000000000..271bc82af610a05403ee56e5601afaf95271163b
--- /dev/null
+++ b/reuters/training/12131
@@ -0,0 +1,6 @@
+FIRST BANK SYSTEMS <FBS> UNITS HIKE RATE
+  First Bank Minneaplois and First
+  Bank Saint Paul, both units of First Bank Systems Inc, said
+  they raised their reference rates to 7-3/4 pct from 7-1/2 pct.
+  
+
diff --git a/reuters/training/12132 b/reuters/training/12132
new file mode 100644
index 0000000000000000000000000000000000000000..bb932e8cbc2285aa118838e3af9f446f8307ac93
--- /dev/null
+++ b/reuters/training/12132
@@ -0,0 +1,22 @@
+CHEMICAL FABRICS <CMFB> AGREEMENT TERMINATED
+  Chemical Fabrics Corp said an
+  agreement in principle under which OC Birdair Inc would have
+  purchased assets related to the architectural structures
+  business of Dow Corning corp's ODC Inc division has been
+  terminated.
+      Under that agreement, Chemical Fabrics would also have
+  become distributor of Dow Corning's Vestar silicone-coated
+  fiberglass architecural fabrics.
+      OC Birdair is a joint venture of Chemical Fabrics and Owens
+  Corning Fiberglas Corp <OCF> and Down Corning a venture of Dow
+  Chemical Co <DOW> and Corning Glass Works <GLW>.
+      Chemical Fabrics said once the current project backlog of
+  Dow Corning's ODC division is completed, Dow Corning plans to
+  discontinue its design-engineering, fabrication and
+  installation services.
+      Chemical Fabrics said the companies will cooperate on the
+  development of new products for architectural and industrial
+  applications and may supply architectural materials to each
+  other.
+  
+
diff --git a/reuters/training/12133 b/reuters/training/12133
new file mode 100644
index 0000000000000000000000000000000000000000..ac3431a797e8f723fdd0c70d43c4cc2d2c60ebcc
--- /dev/null
+++ b/reuters/training/12133
@@ -0,0 +1,9 @@
+SIS <SISB> COMPLETES WENDY'S <WEN> UNIT BUY
+  SIS Corp said it has completed
+  the acquisition of its franchisor Sisters International Inc
+  from Wendy's International Inc for 14.5 mln dlrs in stock.
+      It said the purchase includes 35 restaurants in Ohio
+  operates by Sisters, giving SIS a total of 55 restaurants, and
+  franchise relationships in six Midwestern and Southern states.
+  
+
diff --git a/reuters/training/12135 b/reuters/training/12135
new file mode 100644
index 0000000000000000000000000000000000000000..2306e3fb8cc64a9d43f59d337d83bd884ba363ba
--- /dev/null
+++ b/reuters/training/12135
@@ -0,0 +1,18 @@
+BRITISH SUGAR SOWINGS OFF TO SLOW START
+  Drilling of this year's British sugar
+  beet crop got off to a slow start due to poor weather
+  conditions with only around one pct sown so far, a spokesman
+  for British Sugar Plc said.
+      This compares with two pct at the same stage last year,
+  three pct in 1985 and 38 to 39 pct in 1984.
+      There is little cause for concern with better weather
+  forecast and the capacity available to drill the contracted
+  area of around 200,000 hectares in about 10 days. Seed beds
+  look good and farmers are advised to wait for soil temperatures
+  to rise, the spokesman said.
+      "If the crop can be drilled by the third week in April we
+  will be delighted," he said. Last year a large proportion of the
+  crop was not drilled until May but it still turned out to be
+  the equal second largest on record.
+  
+
diff --git a/reuters/training/12136 b/reuters/training/12136
new file mode 100644
index 0000000000000000000000000000000000000000..043172ca9ebadffd1fdb8e4b35dcb4c1f7bc5d8b
--- /dev/null
+++ b/reuters/training/12136
@@ -0,0 +1,90 @@
+CURRENCY INTERVENTION TIMING CRUCIAL - ANALYSTS
+  The dollar's recent decline, despite
+  massive central bank purchases, is a forceful reminder that
+  official intervention in the foreign exchanges can work only if
+  it is well-timed to coincide with shifts in market fundamentals
+  or sentiment, dealers and analysts said.
+      Central banks may succeed in slowing a trend, but, without
+  accompanying policy changes, they stand little chance of
+  reversing the direction of an ever-growing global market in
+  which more than 200 billion dlrs is traded every day, the
+  sources said.
+      "Timing and psychology are the key to successful
+  intervention," said Jim O'Neill, a financial markets economist
+  with Marine Midland Banks Inc. The importance of complementary
+  changes in economic fundamentals was underlined yesterday when
+  a change in interest rates boosted the dollar, instantly
+  achieving what the central banks had tried in vain to do for a
+  week through open market intervention.
+      After Citibank raised its prime rate by a quarter-point to
+  7-3/4 pct, the first change in the rate since last August, the
+  dollar started to advance and reached a high in Tokyo of 147.50
+  yen, up two yen from Tuesday's New York low.
+      By contrast, monetary authorities spearheaded by the Bank
+  of Japan are estimated to have bought as much as 10 billion
+  dlrs in the last 10 days of March but could not prevent the
+  dollar from skidding through 150 yen and plumbing a 40-year low
+  Monday of 144.70 yen. Some experts worry the central banks have
+  lost more than just a temporary battle to prop up the dollar.
+  The market is wary of being caught wrong-footed by a central
+  bank foray, but is no longer mesmerized.
+      "They've lost their credibility. The market feels it can
+  take on the central banks and win," said Michael Snow, head of
+  treasury operations at Union Bank of Switzerland in New York.
+      The relative failure of recent intervention stands in sharp
+  contrast to the success that central banks scored when they
+  joined forces to drive the dollar down following the September
+  22, 1985, Plaza accord.
+      Then, however, central banks had an easy time of it,
+  because the markets and the Treasuries of the major industrial
+  powers were agreed that the dollar needed to head lower to
+  redress massive worldwide trade imbalances.
+      Now, there is no such consensus. The market is saying that
+  the dollar must fall further because the U.S. trade deficit is
+  showing little sign of improvement, while Japan is resisting in
+  a bid to protect its export industries.
+      For its part, the United States is apparently content to
+  let the dollar fall gradually further and is paying little more
+  than lip service to the February Paris agreement of the Group
+  of Five plus Canada to foster stability, dealers say.
+      Specifically, they said the Fed's dollar-buying
+  intervention has been half-hearted, designed more as a
+  political gesture to Japan than to strike fear into the
+  markets. "It's been pro-forma intervention," said Francoise
+  Soares-Kemp, chief corporate trader at Credit Lyonnais.
+      Because of this discord and the market's momentum for a
+  lower dollar, analysts said intervention looks doomed to fail.
+      "It's going to take a lot more than the central banks to
+  hold the dollar (at these levels)," said Snow, who predicts
+  another 10 to 15 pct depreciation.
+      "There have to be structural changes that occur to make the
+  market stop selling dollars," added "Buying six billion dollars
+  in three weeks is not going to do it."
+      Late last decade during the presidency of Jimmy Carter,
+  when the dollar was last under heavy speculative attack,
+  central banks sometimes intervened to the tune of six billion
+  dlrs in a single day but still failed to stop the dollar
+  falling to a record low of 1.70 marks, analysts said.
+      Snow said purchases on that scale now are unlikely. "I
+  don't think anybody has the stomach for it, because they saw
+  the futility of it in the seventies."
+      Indeed, because the market has grown in leaps and bound
+  since then, intervention on an even greater scale would
+  probably be needed to impress the market.
+      Trading volume in London, New York and Tokyo alone last
+  year averaged nearly 188 billion dlrs a day, according to a
+  joint central bank study, about double the previous estimate
+  made just two years earlier by the Group of Thirty private
+  research group.
+      There are signs that central banks, too, realize the
+  futility of swimming against the tide.
+      Bank of Japan sources told Reuters in Tokyo earlier this
+  week that they believed the limits of currency market
+  intervention are perhaps being reached and that other methods
+  for bolstering the dollar, such as invoking currency swap
+  agreements with other central banks, are being considered.
+      "In this era of financial liberalization, it's almost
+  impossible to control the flow of capital in and out of Japan,"
+  one senior official in Tokyo said.
+  
+
diff --git a/reuters/training/12138 b/reuters/training/12138
new file mode 100644
index 0000000000000000000000000000000000000000..b16fee1cc7791dab6d69860b52300292b6b79bdd
--- /dev/null
+++ b/reuters/training/12138
@@ -0,0 +1,22 @@
+CANADIAN TIRE MAJOR HOLDERS NOT EXTENDING PACT
+  CTC Dealer Holdings Ltd said <Canadian
+  Tire Corp Ltd> controlling shareholders Alfred, David and
+  Martha Billes did not extend an agreement expiring yesterday to
+  tender their shares only to CTC's previously reported offer for
+  49 pct of Canadian Tire common shares.
+      CTC, which already holds 17.4 pct of Canadian Tire common,
+  said it would therefore not take up any shares tendered under
+  its offer unless they totaled at least 1.1 mln or another 32.7
+  pct of Canadian Tire common. The Billes control 60 pct of
+  Canadian Tire common. It added that it extended its offer to
+  May 11 at a fixed price of 165.36 dlrs a share.
+      CTC, a group of Canadian Tire dealers, said it expected to
+  know by May 11 if it would obtain approval to appeal a
+  previously reported Ontario court ruling upholding a regulatory
+  decision to block CTC's offer.
+      The dealers' bid was previously blocked by the Ontario
+  Securities Commission because the offer excluded holders of
+  Canadian Tire class A non-voting shares, which make up about 96
+  pct of company equity.
+  
+
diff --git a/reuters/training/12139 b/reuters/training/12139
new file mode 100644
index 0000000000000000000000000000000000000000..669fbac4ca250b3b0c9b86b9e726e29e239f5096
--- /dev/null
+++ b/reuters/training/12139
@@ -0,0 +1,7 @@
+HUTTON LBO EXTENDS EXPIRATION FOR 35 DLR/SHR OFFER FOR
+PUROLATOR TO APRIL 6 FROM TODAY
+
+  HUTTON LBO EXTENDS EXPIRATION FOR 35 DLR/SHR OFFER FOR
+  PUROLATOR TO APRIL 6 FROM TODAY
+  
+
diff --git a/reuters/training/12140 b/reuters/training/12140
new file mode 100644
index 0000000000000000000000000000000000000000..7513f719988a2a4699bd6de4b639d5da2f9d7db8
--- /dev/null
+++ b/reuters/training/12140
@@ -0,0 +1,7 @@
+CONRAC SAYS IT IS MULLING RESTRUCTURING OR BUYOUT AS
+ALTERNATIVES
+
+  CONRAC SAYS IT IS MULLING RESTRUCTURING OR BUYOUT AS
+  ALTERNATIVES
+  
+
diff --git a/reuters/training/12145 b/reuters/training/12145
new file mode 100644
index 0000000000000000000000000000000000000000..617164af21d902ce51e1eb3b9b4656e6adbc78bc
--- /dev/null
+++ b/reuters/training/12145
@@ -0,0 +1,25 @@
+CHIRAC SAYS FRANCE RESOLVED TO SUPPORT CURRENCY PACT
+  French Prime Minister Jacques Chirac
+  said that on financial issues, the United States and France had
+  "very close" views, and he said Treasury Secretary James Baker
+  was determined to support the February 22 Paris agreement on
+  stabilizing foreign exchange parities.
+      "I was very reassured by the determination of Mr. Baker to
+  support this agreement," he said.
+      He described the dollar's sharp fall against the yen at the
+  start of the week as a "passing incident" and added, "Everyone is
+  resolved to support the Paris accord."
+      Questioned about his plan to help the world's poorest
+  countries, Chirac said he did not envisage any large-scale debt
+  write-offs.
+      "I don't think we can talk of write-offs - even the poorest
+  countries have not asked for that," he said.
+      Chirac said he wanted commercial banks to give third world
+  countries better terms in rescheduling their debts, and for the
+  International Monetary Fund to soften its conditions.
+      "One cannot pity the banks - they bear a lot of
+  responsibility due to the encouragement they gave to these
+  countries to take on debts. Now the banks are complaining but I
+  do not weep for them."
+  
+
diff --git a/reuters/training/12146 b/reuters/training/12146
new file mode 100644
index 0000000000000000000000000000000000000000..a704f0f5f752071c4505d750841b6db2427a2f51
--- /dev/null
+++ b/reuters/training/12146
@@ -0,0 +1,47 @@
+CONRAC <CAX> EXPLORING RESTRUCTURING, BUYOUT
+  Conrac Corp, whose board has
+  rejected a 25 dlr a share tender offer from Mark IV Industries
+  Inc <IV>, said it is exploring alternatives such as a
+  restructuring, leveraged buyout or takeover of the company.
+       In a filing with the Securities and Exchange Commission,
+  Conrac said its board of directors authorized its financial and
+  legal advisors to explore a several alternatives to the Mark IV
+  offer, which it said it considers inadequate.
+      The alternatives being explored include a restructuring,
+  leveraged buyout or a takeover of the company by another
+  company, Conrac said.
+      Conrac, which said its board discussed the alternatives at
+  special meetings on March 26 and 30, said that its decision on
+  whether to adopt any of the alternatives would hinge on "the
+  future actions of Mark IV" and its unsolicitied tender offer.
+      Putting into effect any of the alternatives being explored
+  could hurt or defeat the Mark IV offer, it said.
+      Board members were also instructed to keep confidential the
+  terms of any transaction that might be entered into until it
+  becomes final, the company said.
+      The board also took other defensive steps, including
+  granting severance agreements to some officers, it said.
+      At a board meeting yesterday, Concac's directors deleted a
+  provision allowing the holder of at least one-third of of all
+  classes of its voting stock to call a special shareholders
+  meeting and deleted another provision allowing shareholders to
+  remove directors without cause, the company said.
+      The defensive moves were taken because Mark IV had said it
+  planned to elect a majority of its designees as directors at a
+  special holders meeting if it succeeded in acquring a majority
+  of the company's common stock in the offer, Conrac said.
+      Conrac's president, vice president and treasurer were given
+  severance agreements, or "golden parachutes," it said.
+      Under the agreements, Conrac President Paul Graf would get
+  a cash payment of twice his annual salary, which was 209,906
+  dlrs last year, if there were a change of control in the
+  company, including acquisition of 30 pct or more of the
+  company's voting stock, Conrac said.
+      Treasurer Joseph Smorada and Vice President Joseph
+  O'Donnell, who made 143,325 dlrs last year, would get
+  one-and-a-half times his salary if there were a change in
+  control. Smorada's salary was not listed in the SEC filing.
+      The executives would also get cash settlements of options
+  plans and continuation of insurance and other benefits.
+  
+
diff --git a/reuters/training/12147 b/reuters/training/12147
new file mode 100644
index 0000000000000000000000000000000000000000..55c519d41cc33c3e1d5a30210c59aba21b5cb5fd
--- /dev/null
+++ b/reuters/training/12147
@@ -0,0 +1,12 @@
+MORE U.S. BANKS JOIN IN PRIME RATE CUT
+  Chemical Bank, the main bank subsidiary
+  of Chemical New York Corp, and Marine Midland Banks Inc said
+  they were raising the prime lending rate to 7-3/4 pct from
+  7-1/2 pct, effective immediately.
+      In St Louis, Mercantile Bancorp said its Mercantile Bank
+  N.A. was also raising its prime rate to 7-3/4 pct from 7-1/2
+  pct, effective immediately.
+      The changes follow similar cuts yesterday by Citicorp and
+  Chase Manhattan.
+  
+
diff --git a/reuters/training/12149 b/reuters/training/12149
new file mode 100644
index 0000000000000000000000000000000000000000..208384999b4498bf7cc98bf72f73203a7c0c6fdf
--- /dev/null
+++ b/reuters/training/12149
@@ -0,0 +1,12 @@
+CONVEST ENERGY PARTNERS LTD <CEP> 4TH QTR LOSS
+  Shr loss 2.65 dlrs vs loss 2.31 dlrs
+      Net loss 14.3 mln vs loss 12.5 mln
+      Revs 2,887,000 vs 5,321,000
+      Year
+      Shr loss 4.38 dlrs vs loss 2.50 dlrs
+      Net loss 23.7 mln vs loss 13.5 mln
+      Revs 13.2 mln vs 22.4 mln
+      NOTE: 1986 net includes oil and natural gas writedowns of
+  12.1 mln dlrs in quarter and 19.0 mln dlrs in year.
+  
+
diff --git a/reuters/training/1215 b/reuters/training/1215
new file mode 100644
index 0000000000000000000000000000000000000000..4e3a9eab2011147116287b0eb9d557bc4dc9ec80
--- /dev/null
+++ b/reuters/training/1215
@@ -0,0 +1,23 @@
+SOVIET SOYMEAL IMPORTS SEEN RISING IN 1987
+  Soviet imports of soymeal may reach or
+  exceed one mln tonnes between January and September this year,
+  the Oil World newsletter said.
+      Oil World said it was likely the Soviet Union would reduce
+  soybean imports and step up significantly its imports of meal.
+      At least 500,000 tonnes of soymeal may be shipped from the
+  European Community and South America in the January/March
+  quarter, with additional large quantities likely to be imported
+  in the April and July quarters from Argentina and Brazil, it
+  said. No figures were given for imports in the corresponding
+  periods of 1986.
+      The change made sense in view of the recent purchases of
+  probably 250,000 tonnes of West European and Polish rapeseed
+  and large scale butter imports that were expected from March
+  onward, it said.
+      Oil World said substantial losses of Soviet winter grain
+  area due to recent severe frosts were probably behind the
+  recent pick-up in Soviet purchases of U.S. Corn.
+      It noted that an additional one mln tonnes of U.S. Corn had
+  been bought recently by the Soviet Union.
+  
+
diff --git a/reuters/training/12150 b/reuters/training/12150
new file mode 100644
index 0000000000000000000000000000000000000000..ccc3b9020e0691b9725404bd291d9a649eebc817
--- /dev/null
+++ b/reuters/training/12150
@@ -0,0 +1,8 @@
+<DYLEX LTD> YEAR JAN 31 NET
+  Shr 51 cts vs one dlr
+      Net 25.1 mln vs 46.8 mln
+      Sales 1.21 billion vs 1.08 billion
+      Note: 1986 excludes extraordinary gain of 1.1 mln dlrs, or
+  two cts per share, from public issue of affiliate's shares.
+  
+
diff --git a/reuters/training/12152 b/reuters/training/12152
new file mode 100644
index 0000000000000000000000000000000000000000..516e35031e3c4bfbaedad25f826a3819df9db97b
--- /dev/null
+++ b/reuters/training/12152
@@ -0,0 +1,19 @@
+ICO TALKS SET TO END WITH NO QUOTA DEBATE
+  The International Coffee Organization
+  executive board meeting will end tomorrow without any move to
+  reopen the debate on restoring coffee export quotas, delegates
+  said.
+      Talks have focused on administrative matters and
+  verification of stocks in producer countries, they said.
+      Producers met briefly today to exchange views on the market
+  situation but there seems little chance discussion on quotas
+  will begin much before the ICO's annual council session in
+  September, they said.
+      Delegates earlier thought the meeting would end tonight,
+  but a further session is scheduled tomorrow at 1030 GMT to
+  complete reports on stock verification.
+      Meantime, the executive board will meet May 12 to discuss
+  possible action on the consultancy report on the ICO presented
+  today to the board, consumer delegates said.
+  
+
diff --git a/reuters/training/12153 b/reuters/training/12153
new file mode 100644
index 0000000000000000000000000000000000000000..fb8cbcb3782897e08d188e93b405a160b1c34085
--- /dev/null
+++ b/reuters/training/12153
@@ -0,0 +1,8 @@
+INTERNATIONAL SEAWAY TRADING CORP <INS> YEAR
+  Oper shr 64 cts vs 97 cts
+      Oper net 845,000 vs 1,285,000
+      Revs 20.0 mln vs 23 mln
+      NOTE: 1986 and 1985 oper net excludes gain of 315,000 dlrs
+  and 585,000 dlrs, respectively, for extraordinary item.
+  
+
diff --git a/reuters/training/12154 b/reuters/training/12154
new file mode 100644
index 0000000000000000000000000000000000000000..43390dbfc3109d075b8b51e975ff5233e60e86dc
--- /dev/null
+++ b/reuters/training/12154
@@ -0,0 +1,12 @@
+CALLON PETROLEUM CO <CLNP> 4TH QTR LOSS
+  Shr loss 40 cts vs loss 4.72 dlrs
+      Net loss 3,321,000 vs loss 42.0 mln
+      Revs 4,002,000 vs 7,788,000
+      Avg shrs 9,168,522 vs 8,974,355
+      Year
+      Shr loss 4.20 dlrs vs loss 4.71 dlrs
+      Net loss 37.2 mln vs loss 41.1 mln
+      Revs 18.4 mln vs 34.1 mln
+      Avg shrs 9,168,522 vs 8,991,184
+  
+
diff --git a/reuters/training/12155 b/reuters/training/12155
new file mode 100644
index 0000000000000000000000000000000000000000..fca56d215cf439396949e4b53422cddf6de73d85
--- /dev/null
+++ b/reuters/training/12155
@@ -0,0 +1,6 @@
+COUNTY SAVINGS BANK <CSBA> SETS STOCK DIVIDEND
+  County Savings Bank said
+  its board declared a five pct stock dividend, payable April 10
+  to shareholders of record today.
+  
+
diff --git a/reuters/training/12156 b/reuters/training/12156
new file mode 100644
index 0000000000000000000000000000000000000000..4c29145847e451c8b005a5371acad0407960b50c
--- /dev/null
+++ b/reuters/training/12156
@@ -0,0 +1,40 @@
+E.F.HUTTON <EFH> EXTENDS PUROLATOR <PCC> OFFER
+  E.F. Hutton Group's E.F. Hutton LBO Inc
+  unit said it extended the expiration date for its 35 dlr per
+  share tender offer for Purolator Courier corp to midnight EST
+  April six from midnight April one.
+      E.F. Hutton lbo inc said its wholly owned PC Acquisition
+  Inc subsidiary, which is the entity making the offer, extended
+  both expiration date and the withdrawal rights period for its
+  pending tender for 6.3 mln shares or 83 pct of Purolator
+  common.
+      Hutton's offer was topped today by a 40 dlr per share bid
+  for 83 pct of the stock from Emery Air Frieght Corp <EAF.>
+      Both offers would pay shareholders a package of securities
+  for the balance of their shares, valued at the respective
+  tender offer prices.
+      Hutton said as of the end of the day yesterday, about
+  880,000 shares of Purolator common stock repesenting 11.5 pct
+  of outstanding shares had been validly tendered and not
+  withdrawn.
+      Manhattan supreme court justice Lewis Grossman today
+  adjourned until Monday a hearing on a stockholder suit seeking
+  to block the Hutton LBO transaction. The judge told attorneys
+  he needed time to hear other cases.
+      Plaintiffs cited their belief that a superior offer would
+  be forthcoming, however one company mentioned in an affadavit,
+  Interlink Express plc, denied that it was interested.
+      Yesterday, Frank Hoenemeyer, a retired vice chairman of
+  Prudential Insurance Co and currently a Purolator board member,
+  said an initial offer from Hutton was rejected by the board of
+  directors February third.
+      Hoenemeyer testified that by the next meeting of the board,
+  February 17, Hutton submitted a revised proposal which was
+  accepted.
+      He also testified a committee of directors had hired
+  Goldman Sachs and Co to consider alternatives to the Hutton
+  offer and also to consider a discussion of possible mergers
+  with other companies including Emery and Federal Express Corp
+  <FDX>.
+  
+
diff --git a/reuters/training/12159 b/reuters/training/12159
new file mode 100644
index 0000000000000000000000000000000000000000..5f155d354fe948e649ad785c6ce80358129bec9e
--- /dev/null
+++ b/reuters/training/12159
@@ -0,0 +1,17 @@
+BANKAMERICA <BAC> TO POST GAIN ON UNIT SALE
+  BankAmerica Corp said it completed
+  the sale of its Consumer Trust Services division to Well Fargo
+  and Co <WFC>, a transaction that will result in a second
+  quarter pre-tax gain of more than 75 mln dlrs.
+      The sale will not affect the services the bank will
+  continue providing to institutional customers through its
+  Employee Benefit Trust Services Division, BankAmerica also
+  said.
+      In a separate announcement, Wells Fargo said the
+  acquisition will increase the amount of personal trust assets
+  it administers to 25 billion dlrs.
+      Last December BankAmerica and Wells Fargo announced a
+  definitive agreement on the sale at a price of about 100 mln
+  dlrs, subject to adjustment.
+  
+
diff --git a/reuters/training/1216 b/reuters/training/1216
new file mode 100644
index 0000000000000000000000000000000000000000..3b0ca4440d06cd8897a57942b563aca71e27cf20
--- /dev/null
+++ b/reuters/training/1216
@@ -0,0 +1,8 @@
+COLOMBIA TO SELL SUGAR, LONDON TRADERS SAY
+  Colombia is holding a snap selling tender
+  tonight for one cargo of world market raw sugar, traders said.
+      The sugar is for March 15/April 15 shipment and bids are
+  being sought based on the New York May delivery futures
+  contract, they added.
+  
+
diff --git a/reuters/training/12160 b/reuters/training/12160
new file mode 100644
index 0000000000000000000000000000000000000000..daf25e2b16c208ec54656ef351913d9990d68689
--- /dev/null
+++ b/reuters/training/12160
@@ -0,0 +1,68 @@
+HEAVY RAINS DAMAGE ARGENTINE COARSE GRAINS CROP
+  Fresh, heavy rains caused further
+  damage to the Argentine 1986/87 coarse grains crop in the week
+  to yesterday, particularly in Buenos Aires province, trade
+  sources said.
+      They said the sunflower, maize, soybean and sorghum crops
+  were damaged and yield estimates affected. New production
+  forecasts were made for all these crops.
+      The rains over the weekend and up to yesterday registered
+  more than 200 mm on average in western Buenos Aires and
+  worsened the flooding in various parts of the province.
+      The weather bureau said the rains, which in Buenos Aires
+  have surpassed 750 mm in the last 30 days, could continue.
+      The northeast of the country was also hit by heavy rains.
+      In Corrientes province the rains also passed an average of
+  200 mm in some parts, notably the Paso de los Libres area
+  bordering on Uruguay.
+      In Santa Fe and Entre Rios provinces they were over 100 mm
+  in places, in Misiones and San Luis 90 mm and in Cordoba 80 mm.
+      The rains were less intense in Chaco and Formosa.
+      Harvesting in areas not actually under water could also be
+  further delayed due to dampness in the earth, the sources said.
+      The excessive humidity might also produce rotting of the
+  crops, further dimishing the yield, the sources added.
+      Sunflower harvesting before the weekend rains reached 26 to
+  30 pct of the area sown in Santa Fe, Cordoba, La Pampa and
+  Buenos Aires provinces.
+      The production forecast for 1986/87 sunflowerseed has been
+  lowered to between 2.2 and 2.4 mln tonnes, against 2.3 to 2.6
+  mln tonnes the previous week, making it 41.5 to 46.3 pct lower
+  than the record 4.1 mln tonnes produced last season.
+      The area sown was two to 2.2 mln hectares, down 29.9 to
+  36.3 pct on the record 3.14 mln hectares in 1985/86.
+      The maize harvest advanced to within 26 to 28 pct of the
+  area sown in Cordoba, Santa Fe and northern Buenos Aires. It
+  will begin in La Pampa within about 10 days, weather
+  permitting.
+      Maize yield this season is now estimated at 9.6 to 9.9 mln
+  tonnes, against last week's 9.9 to 10.1 mln tonnes, down 21.4
+  to 22.6 pct on the 12.4 to 12.6 mln tonnes at which private
+  producers put 1985/86 production.
+      The new forecast is 22.7 to 25 pct down on the official
+  figure of 12.8 mln tonnes for last season's production.
+      The grain sorghum harvest reached 17 to 19 pct of growers'
+  targets, against 14 to 16 pct the previous week.
+      The production forecast was reduced to between three and
+  3.3 mln tonnes, against 3.2 to 3.5 mln tonnes last week, 21.4
+  to 26.8 pct down on last season's 4.1 to 4.2 mln tonnes.
+      The area sown with sorghum in 1986/87 was 1.23 to 1.30 mln
+  hectares, down 10.3 to 15.2 pct on the 1.45 mln in 1985/86.
+      The forecast for soybean yield this season was the least
+  changed in relation to last week. It was put at a record 7.5 to
+  7.7 mln tonnes, against the previous 7.5 to 7.8 mln tonnes.
+      These figures are 4.2 to 5.5 pct higher than last season's
+  record of 7.2 to 7.3 mln tonnes, according to private sources,
+  and 5.6 to 8.5 pct up on the official 7.1 mln tonnes.
+      The adjustment to the production forecast is due to the
+  rains and overcast conditions which have greatly reduced the
+  sunlight needed for this crop, sources said.
+      Producers fear estimates may yet have to be adjusted down
+  further.
+      The humidity could induce rotting and growers are still
+  finding more empty pods due to excessively dry weather earlier
+  in the season.
+      Soybean harvesting is due to start in mid-April in southern
+  Cordoba and Santa Fe and northern Buenos Aires.
+  
+
diff --git a/reuters/training/12161 b/reuters/training/12161
new file mode 100644
index 0000000000000000000000000000000000000000..8d58cd1d2e509670250f2909c7ad3fbb15a69976
--- /dev/null
+++ b/reuters/training/12161
@@ -0,0 +1,21 @@
+LONDON GRAIN FREIGHT ENQUIRIES
+  Rio Grande/Azores and Leixoes 26,000 mt
+  hss 14 dlrs basis one to two 4,000/1,500 Azores and 3,500
+  Leixoes 25/4-5/5.
+      Paranagua/one-two ports Spanish Med 35,000 mt hss 11.50
+  dlrs basis one to one 10 days all purposes 20-30/4.
+      USG/Taiwan 54,000 mt hss 10,000 shex/4,000 shex 20/4-5/5.
+      USG/ARA-Ghent option Seaforth 40,000/45,000 long tons hss
+  10 days all purposes 9-15/4 try later.
+      Dieppe/one-two ports Italian Adriatic 9,500/11,000 mt bulk
+  wheat 3,000/2,000 6-12/4.
+      St Lawrence/one-three ports Marseilles-Manfredonia range
+  20,000/35,000 mt bulk wheat 5,000/222,500 10-15/4.
+      Chimbote/Kaohsiung 9,500 mt bulk/bagged fishmeal 250 ph/200
+  ph 20/4-5/5.
+      Immingham or Foynes/Red Sea 25,000 mt bulk barley
+  4,000/3,000 10-15/4 alternatively try t/c.
+      USG/Maracaibo 10,000 mt wheat (three grades) three
+  days/1,000 1-15/4.
+  
+
diff --git a/reuters/training/12162 b/reuters/training/12162
new file mode 100644
index 0000000000000000000000000000000000000000..2d3f57d72a255e944e5636d90f4e54ae86dd2c0d
--- /dev/null
+++ b/reuters/training/12162
@@ -0,0 +1,13 @@
+LONDON METAL FREIGHTS
+  Rotterdam/Karachi
+  20,000/21,000 mt shredded scrap 7,000/1,100 15-30/4.
+      Bin Qasim/Shanghai 25,000 mt pig iron 1,500 fhex/1,200 shex
+  1-10/4.
+      Chungjin/Manila 4,200 mt steel coils 800/liner discharge
+  23-30/4.
+      Bilbao/one port Vietnam 5,000 mt steels fio 1,000/500 end
+  April
+      Singapore/Mizushima 6,000/10,000 mt steel scrap fiot
+  1,200/3,00 2-12/4.
+  
+
diff --git a/reuters/training/12163 b/reuters/training/12163
new file mode 100644
index 0000000000000000000000000000000000000000..406e8896dbbdb1e9c779616fb7da716faa513fde
--- /dev/null
+++ b/reuters/training/12163
@@ -0,0 +1,6 @@
+CIRO INC <CIRI> YEAR
+  Shr loss three cts vs profit 16 cts
+      Net loss 119,000 vs profit 637,000
+      Revs 17.5 mln vs 15.8 mln
+  
+
diff --git a/reuters/training/12164 b/reuters/training/12164
new file mode 100644
index 0000000000000000000000000000000000000000..5ad7d06b0e5a2930df6003a6ee0a8a9e20953bfe
--- /dev/null
+++ b/reuters/training/12164
@@ -0,0 +1,14 @@
+LONDON ORE ENQUIRIES/FIXTURES
+  South Africa/Salvador, Brazil
+  15,000 long tons manganese ore 2,500/1,500 end April.
+      Callao/Crotone 5,000 mt minerals 4,000/2,000 spot.
+      Geraldton/Tampico 13,500 mt bulk mineral sands fio
+  10,000/2,000 1-10/5.
+      Itea/Dunkirk 20,000 mt bauxite seven days all purposes
+  10-13/4.
+      Tampico/North Spain 15,000 mt ore two days shinc/3,000 shex
+  5-25/4.
+      One port German North Sea/USG 10,500 mt bulk ore
+  2,500/4,000 7-13/4.
+  
+
diff --git a/reuters/training/12166 b/reuters/training/12166
new file mode 100644
index 0000000000000000000000000000000000000000..5d7376ff1d003db1afc0fae031aed4eebfd6ea8a
--- /dev/null
+++ b/reuters/training/12166
@@ -0,0 +1,18 @@
+HELM RESOURCES INC <H> 4TH QTR LOSS
+  Oper shr loss two cts vs loss 13 cts
+      Oper net loss 236,000 vs loss 1,131,000
+      Revs 26.6 mln vs 26.3 mln
+      Year
+      Oper shr profit two cts vs loss 15 cts
+      Oper net profit 286,000 vs loss 1,292,000
+      Revs 105.3 mln vs 95.3 mln
+      NOTE: Net excludes discontinued operations gain 20,000 dlrs
+  vs loss 1,291,000 dlrs in quarter and gain 60,000 dlrs vs loss
+  1,590,000 dlrs in year.
+      Net excludes extraordinary loss 38,000 dlrs vs gain
+  1,941,000 dlrs in quarter and gains 162,000 dlrs vs 1,941,000
+  dlrs in year.
+      1986 net both periods includes writedowns of 290,000 dlrs
+  of oil-related seismic data.
+  
+
diff --git a/reuters/training/12169 b/reuters/training/12169
new file mode 100644
index 0000000000000000000000000000000000000000..b094e817646fa2fc3ba8f649ad7494cb93de9f06
--- /dev/null
+++ b/reuters/training/12169
@@ -0,0 +1,8 @@
+<SASCO PRODUCTS INC> YEAR LOSS
+  Shr loss eight cts vs profit four cts
+      Net loss 365,430 vs profit 165,508
+      Revs 5,577,244 vs 4,643,803
+      NOTE: 1986 net includes nonrecurring expenses of 408,518
+  dlrs.
+  
+
diff --git a/reuters/training/1217 b/reuters/training/1217
new file mode 100644
index 0000000000000000000000000000000000000000..e99566bf0619d549973105a139d16c26df70b418
--- /dev/null
+++ b/reuters/training/1217
@@ -0,0 +1,9 @@
+VARIAN <VAR> IN TALKS WITH PHILIPS ELECTRONICS
+  Varian Associates Inc said it
+  is holding discussions with Philips Electronics regarding the
+  purchase of Philips' broadcast transmission unit in the United
+  Kingdom, Pye TVT Limited.
+      Pye TVT designs and manufactures broadcast transmission
+  equimpment, specializing in television frequencies.
+  
+
diff --git a/reuters/training/12171 b/reuters/training/12171
new file mode 100644
index 0000000000000000000000000000000000000000..0a78b412ecd65a15d894c6f1dcc37fa729395176
--- /dev/null
+++ b/reuters/training/12171
@@ -0,0 +1,9 @@
+AUSIMONT COMPO <AUS> SELLS UNIT
+  Ausimont Compo NV said it has
+  sold the assets of its Equipment and Machinery Division for
+  about six mln dlrs to an investment group including the unit's
+  management, resulting in a modest pretax gain that will be
+  included in first quarter results.
+      The unit had sales of five mln dlrs in 1986.
+  
+
diff --git a/reuters/training/12172 b/reuters/training/12172
new file mode 100644
index 0000000000000000000000000000000000000000..e61757ec96f2a7e9b32ee1a44b48f14f1d0e142d
--- /dev/null
+++ b/reuters/training/12172
@@ -0,0 +1,7 @@
+ATLANTIC RESEARCH <ATRC> COMPLETES ACQUISITION
+  Atlantic Research corp said it
+  has completed the acquisition of professional services firm ORI
+  Group for 1,414,313 common shares on a pooling of interests
+  basis.
+  
+
diff --git a/reuters/training/12173 b/reuters/training/12173
new file mode 100644
index 0000000000000000000000000000000000000000..0fec6d49a57c1909b830a7de8f9520bb833c76cd
--- /dev/null
+++ b/reuters/training/12173
@@ -0,0 +1,18 @@
+PEABODY HOLDING COMPLETES ACQUISITION
+  <Peabody Holding Co Inc> said it has
+  completed its acquisition of substantially all Eastern Gas and
+  Fuel Associate's <EFU> coal properties for 15.01 pct of Peabody
+  Holding's stock.
+      Peabody said the purchase includes seven underground mines
+  and seven coal preparation plants currently operated by
+  Eastern, as well as coal properties being mined by several
+  contractors in West Virginia.
+      The acquisition also involves about 800 mln tons of coal
+  reserves, mostly in West Va., and includes Eastern's coal
+  reserves and inactive Powderhorn operations near Palisade,
+  Colo, Peabody said.
+      Peabody added that it expects to announce within the next
+  week how it will staff and operate the properties and offices
+  it has acquired from Eastern.
+  
+
diff --git a/reuters/training/12174 b/reuters/training/12174
new file mode 100644
index 0000000000000000000000000000000000000000..8d377107e1cf8b1ec83e29d0e2e768f8d7d93417
--- /dev/null
+++ b/reuters/training/12174
@@ -0,0 +1,21 @@
+LONDON SUGAR FREIGHTS
+  Delfzyl/India 14,700 mt
+  bagged sugar about 30 dlrs 750/1,000 ppt a/c Benham.
+      Antwerp/Lagos 12,000 mt bagged sugar 750/750 try liner
+  discharge 5-20/4 a/c E D and F Man.
+      T/C single or tweendecker 16,000/19,000 tonnes dw del
+  Queensland mid-April/early-May for trip with bulk sugar redel
+  China duration about 30 to 40 days a/c Kawasaki.
+      One port A-H range/Dubai 6,800 mt bagged sugar 750/750
+  10-15/4 a/c unnamed charterer.
+      enquiries - Rouen-Hamburg/India 14,000 mt bagged sugar
+  750/1,000 15-25/4 a/c Woodhouse, Drake and Carey.
+      Flushing/Hodeidah and Mokha 16,800 mt bagged sugar 750/750
+  9-15/4 Genoc.
+      Santos/Hodeidah 10,000 mt bagged sugar about 30 dlrs
+  750/750 20-30/4 a/c Dutch charterer.
+      Cargill is reported to have withdrawn its enquiries for
+  cargoes from South Korea to India, from Constanza to India and
+  from Buenaventura to the U.S.
+  
+
diff --git a/reuters/training/12176 b/reuters/training/12176
new file mode 100644
index 0000000000000000000000000000000000000000..c32594ff319a81fa3c426af84bbd9aea7dc58e71
--- /dev/null
+++ b/reuters/training/12176
@@ -0,0 +1,10 @@
+PENTA SYSTEMS INTERNATIONAL INC <PSLI> 4TH QTR
+  Shr loss six cts vs loss 76 cts
+      Net loss 343,748 vs loss 4.0 mln
+      Revs 5.1 mln vs 4.8 mln
+      Year
+      Shr profit 12 cts vs loss 1.45 dlr
+      Net profit 611,784 vs loss 7.7 mln
+      Revs 21.6 mln vs 19.7 mln
+  
+
diff --git a/reuters/training/12177 b/reuters/training/12177
new file mode 100644
index 0000000000000000000000000000000000000000..2ce6c79440cdaac9d679b4bf5532ea8297198a8e
--- /dev/null
+++ b/reuters/training/12177
@@ -0,0 +1,7 @@
+FED SAYS IT BUYS 550 MLN DLRS OF BILLS FOR CUSTOMER, MAY
+THROUGH SEPT 24 MATURITY
+
+  FED SAYS IT BUYS 550 MLN DLRS OF BILLS FOR CUSTOMER, MAY
+  THROUGH SEPT 24 MATURITY
+  
+
diff --git a/reuters/training/12178 b/reuters/training/12178
new file mode 100644
index 0000000000000000000000000000000000000000..d284844eebaecabdaf8376d69b6ebe8348849d19
--- /dev/null
+++ b/reuters/training/12178
@@ -0,0 +1,27 @@
+CHIRAC SEES QUICK DECISION ON CGCT
+  French Prime Minister Jacques Chirac
+  told U.S. congressmen France would announce a decision in two
+  to three weeks on which group is to control its second largest
+  communications firm, Compagnie Generale de Construction
+  Telphoniques, French sources said.
+      They said Chirac promised that France's decision would be
+  based on financial, economic and technical criteria, and not on
+  political grounds.
+      U.S. and German companies are the leading contenders to
+  take control of CGCT.
+      The Reagan administration has warned France and Germany
+  that it may retaliate if control of the company is awarded on
+  political grounds.
+      Jacques Delors, President of the European Community's
+  Executive Commission, called last month for control to go to
+  West Germany's Siemens AG in order to strengthen European
+  industry.
+      The other leading contender is a consortium of American
+  Telephone and Telegraph Co <T> with Philips NV of the
+  Netherlands.
+      Chirac said France would make public its reasons for
+  awarding control, the sources said. He was asked about the
+  company's fate on two occasions, in meetings with leaders of
+  the Senate and House of Representatives.
+  
+
diff --git a/reuters/training/12179 b/reuters/training/12179
new file mode 100644
index 0000000000000000000000000000000000000000..4c1c99f5765b773da1de070ea6038d85c755beb1
--- /dev/null
+++ b/reuters/training/12179
@@ -0,0 +1,16 @@
+AGENCY REPORTS 41 SHIPS WAITING AT PANAMA CANAL
+  The Panama Canal Commission, a U.S.
+  government agency, said in its daily operations report that
+  there was a backlog of 41 ships waiting to enter the canal
+  early today. Over the next two days it expects --              
+               4/01  4/02
+                         Due: 34    34
+        Scheduled to Transit: 41    39
+             End-Day Backlog: 34    29
+  
+      Average waiting time tomorrow --
+           Super Tankers  Regular Vessels
+   North End:  25 hrs      11 hrs
+   South End:  24 hrs      31 hrs
+  
+
diff --git a/reuters/training/12182 b/reuters/training/12182
new file mode 100644
index 0000000000000000000000000000000000000000..b6edec43777d6cbd295d4fd789d8afc4149eed8a
--- /dev/null
+++ b/reuters/training/12182
@@ -0,0 +1,10 @@
+CONTROL RESOURCE INDUSTRIES INC <CRIX> 4TH QTR
+  Shr loss five cts vs profit eight cts
+      Net loss 152,000 vs profit 214,000
+      Revs 6.2 mln vs 2.4 mln
+      Year
+      Shr profit 22 cts vs profit 33 cts
+      Net profit 809,000 vs 853,000
+      Revs 22.4 mln vs 7.9 mln
+  
+
diff --git a/reuters/training/12183 b/reuters/training/12183
new file mode 100644
index 0000000000000000000000000000000000000000..f5192788e0d85fe71327f188f23496c3e3a9ffbc
--- /dev/null
+++ b/reuters/training/12183
@@ -0,0 +1,10 @@
+FED BUYS 550 MLN DLRS OF BILLS FOR CUSTOMER
+  The Federal Reserve bought about 550
+  mln dlrs of U.S. Treasury bills for a customer, a spokeswoman
+  said.
+      She said the Fed bought bills maturing from May through
+  September 24 for regular delivery tomorrow.
+      Federal funds were trading at 6-3/16 pct when the Fed
+  announced the operation.
+  
+
diff --git a/reuters/training/12184 b/reuters/training/12184
new file mode 100644
index 0000000000000000000000000000000000000000..0646aeac9f9b8b1378a49f124ebc38b55a4b67ea
--- /dev/null
+++ b/reuters/training/12184
@@ -0,0 +1,6 @@
+AMERICAN WATER WORKS CO INC <AWK> SETS PAYOUT
+  Qtly div 32 cts vs 32 cts prior
+      Pay May 15
+      Record May One
+  
+
diff --git a/reuters/training/12185 b/reuters/training/12185
new file mode 100644
index 0000000000000000000000000000000000000000..d24d7e251ce54831d1c6e161bb400347582a9c67
--- /dev/null
+++ b/reuters/training/12185
@@ -0,0 +1,6 @@
+HUNT MANUFACTURING CO <HUN> SETS PAYOUT
+  Qtrly div 11 cts vs 11 cts
+      Pay April 21
+      Record April 10
+  
+
diff --git a/reuters/training/12186 b/reuters/training/12186
new file mode 100644
index 0000000000000000000000000000000000000000..7c7b4d6544305aaeb63d331846908fb9dc312d44
--- /dev/null
+++ b/reuters/training/12186
@@ -0,0 +1,12 @@
+ITEL <ITEL> BUYS CASTLE/COOKE <CKE> UNIT ASSETS
+  Itel Corp said it has completed the
+  previously-announced acquisition of the container fleet and
+  related assets of Castle and Cooke Inc's Flexi-Van Leasing Inc
+  subsidiary for about 130 mln dlrs in cash and marketable
+  securities, 30 mln dlrs in notes, three mln common shares and
+  the assumption of liabilities.
+      The company said it has obtained 150 mln dlrs in financing
+  from a bank group for the deal, and the common shares are
+  subject to a 10-year restriction on their sale and voting.
+  
+
diff --git a/reuters/training/12187 b/reuters/training/12187
new file mode 100644
index 0000000000000000000000000000000000000000..f7bbe51195b4a43368a599023f3c5e64115dd8ab
--- /dev/null
+++ b/reuters/training/12187
@@ -0,0 +1,11 @@
+PITTSBURGH AND WEST VIRGINIA RAILROAD <PW> NET
+  4th qtr
+      Shr 14 cts vs 14 cts
+      Net 210,000 vs 211,000
+      Revs 230,000 vs 229,000
+      Year
+      Shr 56 cts vs 56 cts
+      Net 838,000 vs 841,000
+      Revs 919,000 vs 919,000
+  
+
diff --git a/reuters/training/12191 b/reuters/training/12191
new file mode 100644
index 0000000000000000000000000000000000000000..b771b3369355e03bce0a97f87d5bd53e4aa4b3d1
--- /dev/null
+++ b/reuters/training/12191
@@ -0,0 +1,12 @@
+DYNALECTRON <DYN> BUYS AVIATION FACILITY
+  Dynalectron Corp said it purchased
+  certain assets of Standard Aero Inc including leasehold rights
+  to its aircraft modification and maintenance facility in
+  Phoenix, Ariz.
+      Terms were not released.
+      The facility consists of 285,000 square feet of hangar and
+  shop space. Dynalectron will operate the plan as Dynair Tech
+  Inc and is offering continued employment to about 460 former
+  standard Aero employees.
+  
+
diff --git a/reuters/training/12192 b/reuters/training/12192
new file mode 100644
index 0000000000000000000000000000000000000000..d11e4e6d1bbb41717cdb15c1fde5d90aaa3de7ae
--- /dev/null
+++ b/reuters/training/12192
@@ -0,0 +1,17 @@
+U.S. FARM REORGANIZATIONS PROVING COSTLY - GAO
+  U.S. farmers who reorganize their
+  operations to circumvent a cap on federal payments could add
+  2.3 billion dlrs to the cost of the government's agricultural
+  programs by 1989, the General Accounting Office, GAO, said.
+      "We estimate that should the trend in farm reorganizations
+  continue, reorganizations since 1984 could be adding almost 900
+  mln dlrs annually to program costs by 1989," GAO Senior
+  Associate Director Brian Crowley said.
+      "Cumulative costs for the six-year period, 1984 to 1989,
+  could approach 2.3 billion dlrs," he said.
+      Between 1984 and 1986, reorganizations added almost 9,000
+  new persons to U.S. Agriculture Department payment rolls,
+  Crowley told the House Agriculture Subcommittee on Wheat,
+  Soybeans and Feedgrains.
+  
+
diff --git a/reuters/training/12195 b/reuters/training/12195
new file mode 100644
index 0000000000000000000000000000000000000000..066011db81d0f946af7be3794501b1b8f1f3f217
--- /dev/null
+++ b/reuters/training/12195
@@ -0,0 +1,74 @@
+TALKING POINT/PUROLATOR COURIER <PCC>
+  Emery Air Freight Corp topped a
+  leveraged buyout offer for Purolator Courier Corp by about 40
+  mln dlrs, but Wall Street is reacting as though another offer
+  may surface.
+      Purolator's stock climbed 5-3/8 today, to 40-1/8, 1/4 over
+  Emery's 40 dlr per share offer. Emery topped a 35 dlr per share
+  or 268 mln dlr offer from E.F. Hutton LBO Inc.
+      Some analysts said the latest, 306 mln dlr offer for
+  Purolator exceeded their expectations.
+      Several analysts previously had said they saw takeover
+  values for the package delivery company in the 35 dlr per share
+  range. At least one, however, estimated the company could be
+  taken over in a range of 38 to 42 dlrs per share.
+      Analysts today would not venture to say whether another
+  offer could be made, but some arbitragers still held to the
+  belief that the bidding could go higher.
+      "They have no choice to seek out the best possible offer.
+  Emery has shown the courage to go forth," said one arbitrager,
+  who speculated other courier companies may also emerge as
+  bidders.
+      "It makes sense," said James Parker of Robinson Humphrey.
+  But "It won't make out as well as they think. They won't get a
+  100 pct of the synergies."
+      Analysts said the acquisition could cost Emery earnings in
+  the short term, but long term, after eliminating redundancies
+  and selling other Purolator assets, it should boost Emery's
+  profitability.
+      Parker said a combined Purolator and Emery would rival
+  United Parcel Service as the second largest U.S. package
+  delivery company after Federal Express Corp <FDX>, which has 47
+  pct of the market.
+      Parker speculated that the combined Emery-Purolator would
+  have about 24 pct of the six to seven billion dlr delivery
+  business.
+      "This will make Emery a bigger factor in the light weight
+  (delivery) business, but it will not make them a power house,"
+  said Douglas Arthur of Kidder, Peabody and Co.
+      Purolator today declined comment on the Emery offer, and
+  its chairman Nicholas Brady did not return a phone call.
+      E.F.Hutton LBO also declined comment on the Emery offer,
+  but said it extended the expiration and withdrawal period on
+  its offer to April six at midnight from today at midnight EST.
+      One analyst speculated the extension makes it more likely
+  Hutton will attempt another offer. However, he was skeptical a
+  company outside the package delivery industry would want to
+  outbid 40 dlrs per share because it would not have the same 
+  synergies as a courier company.
+      Since Purolator agreed in late February to a buyout by some
+  of its management and the E.F. Hutton Group <EFH> subsidiary,
+  speculation has arisen that more bidding was to come.
+      The buyout was surrounded by controversy since a Purolator
+  board member, Doresy Gardner resigned in March. Gardner said he
+  believed a better offer could be made by another entity.
+      A spokesman for Gardner today said the former director had
+  no contact with Emery, nor did he have any other buyers lined
+  up for Purolator.
+      Purolator's deal with Hutton was also called into question
+  by a shareholder suit filed earlier this week, which attempted
+  to stop the tender offer to allow another bidder to come forth.
+  Hearings in a New York state court were delayed until Monday.
+      Arbitragers had said they believed the Hutton offer could
+  be bettered because the Wall Street firm was not planning to
+  keep its cash tied up in Purolator. Hutton is providing a 279
+  mln dlr "bridge" loan that would later be replaced with other
+  debt. Hutton would maintain a majority interest in Purolator.
+      Hutton sources have said the firm was in fact facing risk n
+  its investment since it did not know when it could reclaim its
+  279 mln dlr loan.
+      Emery last year lost 5.4 mln dlrs on revenues of 887.5 mln
+  dlrs. Purolator lost 57.6 mln dlrs on 841.4 mln dlrs in
+  revenues.
+  
+
diff --git a/reuters/training/12197 b/reuters/training/12197
new file mode 100644
index 0000000000000000000000000000000000000000..d1511a043583574179202c6becc89758ae474a61
--- /dev/null
+++ b/reuters/training/12197
@@ -0,0 +1,35 @@
+CANADIAN IMPERIAL BANK LOWERING VISA RATES
+  <Canadian Imperial Bank of Commerce>
+  said it was lowering the interest rate on its Visa credit card
+  to 15.9 pct from 18.6 pct, effective with the May billing
+  statement.
+      The bank said it was also halving its yearly Visa card user
+  fee to six dlrs, but would retain its 15 ct fee for each
+  transaction.
+      A bank spokesman said the previously reported call by the
+  Canadian Parliament's finance committee on March 20 for a
+  substantial cut in credit card rates "was a factor" in the
+  move, but he would not elaborate.
+      Canada's minister of state for finance Thomas Hockin had
+  threatened legislation to reduce the rates, which apply to
+  unpaid balances, if the financial institutions did not
+  voluntarily act.
+      The Canadian Imperial Bank spokesman said "the bank card
+  market is a very competitive one and we have to move to stay
+  competitive."
+      Canadian Imperial's new rates match those of <Toronto
+  Dominion Bank>, which lowered its rates before the finance
+  committee report.
+      Canadian Imperial Bank added that cardholders will be
+  allowed to choose between the 15 ct transaction fee or the six
+  dlr yearly card fee.
+      It will also eliminate the 50 ct minimum monthly
+  transaction fee, it said.
+      Minister of State for Finance, Tom Hockin, said in the
+  House of Commons today he was "delighted" with the bank's cut
+  in its credit card rate.
+      "I would hope retail stores and other financial
+  institutions will look to their rates as well," Hockin said
+  during the daily question period.
+  
+
diff --git a/reuters/training/1220 b/reuters/training/1220
new file mode 100644
index 0000000000000000000000000000000000000000..ea95511ebeb4aa0897d9ab26febe985e784956f4
--- /dev/null
+++ b/reuters/training/1220
@@ -0,0 +1,13 @@
+BUTLER <BTLR> TO SELL PART OF UNIT
+  Butler Manufacturing Co said it
+  agreed in principal to sell part of its controls division to
+  Enercon Data Corp of Minneapolis.
+      Terms of the sale were not disclosed.
+      The transaction, expected to be closed in March, involves
+  the controls division's energy management and power line
+  carrier product lines.
+      Butler said costs associated with the sale were included in
+  its restructuring charge taken in last year's fourth quarter,
+  and will have no effect on its 1987 earnings.
+  
+
diff --git a/reuters/training/12201 b/reuters/training/12201
new file mode 100644
index 0000000000000000000000000000000000000000..03414868ea0be80cfbbfaa974e09bd0d9ff57eca
--- /dev/null
+++ b/reuters/training/12201
@@ -0,0 +1,16 @@
+NISSAN MOTOR <NSANY> SEES SECOND HALF PROFIT
+  Nissan Motor Co Ltd of Japan said it
+  expects that it was profitable in the second half ended
+  yesterday after a first half operating loss of 17 billion yen.
+      Nissan chief financial officer Atsushi Muramatsu, in a
+  speech before an automotive seminar, said he attributed the
+  improvement to cost reductions and rationalizations of
+  operations.
+      He said if exchange rates stabilize, Nissan will have a
+  strong profit recovery in fiscal 1988 and profits for fiscal
+  1989 better than those before the yen started advancing.
+      Muramatsu said Nissan is studying the possibility of
+  setting up its own finance company to improve access to U.S.
+  and European capital markets.
+  
+
diff --git a/reuters/training/12202 b/reuters/training/12202
new file mode 100644
index 0000000000000000000000000000000000000000..c30d7c6f1c7b974a201091c1bd380b86fd1256b0
--- /dev/null
+++ b/reuters/training/12202
@@ -0,0 +1,10 @@
+GEOFFRION LECLERC FORECASTS RESULTS
+  (Geoffrion Leclerc Inc), in reporting
+  sharply higher earnings for the six months ended February 28,
+  said it expects third quarter results to continue at a strong
+  pace and approximate the preceding quarters.
+      The brokerage firm earlier reported six month profit rose
+  to 3.5 mln dlrs from 1.9 mln dlrs last year. It did not detail
+  second quarter profit.
+  
+
diff --git a/reuters/training/12203 b/reuters/training/12203
new file mode 100644
index 0000000000000000000000000000000000000000..0f1ba68fd58a0046dc9ffc82c3067f137424851e
--- /dev/null
+++ b/reuters/training/12203
@@ -0,0 +1,48 @@
+WALL STREET STOCKS/POLAROID <PRD>
+  Rumors that New York investor Asher
+  Edelman has acquired a stake in Polaroid Corp and optimism
+  about tomorrow's status hearing on the patent infringement suit
+  pending with Eastman Kodak Co <EK> sent Polaroid's stock
+  higher, traders said.
+      Polaroid rose 1-1/8 to 74-1/2.
+      "Speculation that Edelman was going to take a stake in
+  Polaroid was kicking around a few months ago, and resurfaced
+  today," one trader said.
+      Edelman had no comment on the rumors.
+      A spokesman for Polaroid said the company had not been
+  contacted by Edelman and no filing had been made with the
+  Securities and Exchange Commission about a stake in the
+  company.
+      "There is some hope among investors that there will some
+  progress in the status hearing tomorrow on the patent
+  infringement suit with Kodak," analyst Michael Ellmann of
+  Wertheim and Co said.
+      Traders said it is conceivable that a trial date could be
+  set or some progress made on an out-of-court settlement.
+      The suit, filed by Polaroid in April 1976, charges that
+  Kodak infringed upon Polaroid's instant camera patent. In
+  October 1985, the court barred Kodak from selling cameras or
+  film that infringe upon the patent, the Polaroid spokesman
+  said.
+      Ellmann said he feels it is highly unlikely that any
+  progress will be made in tomorrow's hearing.
+      Ellmann said the stock may have also gotten a boost today
+  from some optimism concerning new products the company is
+  currently working on.
+      "Polaroid's announcement that a particularly senior company
+  executive had been chosen to work on a major unidentified new
+  product spurred some speculation about their products," he
+  said. "I am speculating that the new product could be an
+  electronic still camera," referring to a camera that records
+  its images on magnetic disks as opposed to conventional film.
+      Ellmann said the stock may have also gotten a boost today
+  from some optimism concerning new products the company is
+  currently working on.
+      "Polaroid's announcement that a particularly senior company
+  executive had been chosen to work on a major unidentified new
+  product spurred some speculation about their products," he
+  said. "I am speculating that the new product could be an
+  electronic still camera," referring to a camera that records
+  its images on magnetic disks as opposed to conventional film.
+  
+
diff --git a/reuters/training/12204 b/reuters/training/12204
new file mode 100644
index 0000000000000000000000000000000000000000..b6238877b5a098232d50ff1097be635ab6354c16
--- /dev/null
+++ b/reuters/training/12204
@@ -0,0 +1,7 @@
+KAUFMAN AND BROAD INC <KB> 1ST QTR FEB 28 NET
+  Shr 41 cts vs 17 cts
+      Net 8,824,000 vs 4,555,000
+      Revs 301.9 mln vs 196.4 mln
+      Avg shrs 17,644,000 vs 16,085,000
+  
+
diff --git a/reuters/training/12205 b/reuters/training/12205
new file mode 100644
index 0000000000000000000000000000000000000000..6a70fc1aba1c6fa97c47b8714829217ac8dab7cc
--- /dev/null
+++ b/reuters/training/12205
@@ -0,0 +1,11 @@
+ITEL <ITEL> COMPLETES FLEXI-VAN ACQUISITION
+  Itel Corp said it completed the
+  previously announced purchase of the container fleet and
+  certain related assets of Flexi-Van Leasing Inc for about 130
+  mln dlrs cash and marketable securities, 30 mln dlrs in notes,
+  three mln shares of newly issued Itel common and assumption of
+  certain liabilities.
+      The company said it obtained financing from a syndicate of
+  major banks for 150 mln dlrs.
+  
+
diff --git a/reuters/training/12207 b/reuters/training/12207
new file mode 100644
index 0000000000000000000000000000000000000000..aefb499783805f9be5671ed3246967853fe12d68
--- /dev/null
+++ b/reuters/training/12207
@@ -0,0 +1,8 @@
+KAUFMAN AND BROAD INC <KB> 1ST QTR FEB 28 NET
+  Shr 41 cts vs 17 cts
+      Net 8,824,000 vs 4,555,000
+      Revs 301.9 mln vs 196.4 mln
+      NOTE: Housing backlog 135 mln dlrs, up over 33 pct from a
+  year earlier.
+  
+
diff --git a/reuters/training/12208 b/reuters/training/12208
new file mode 100644
index 0000000000000000000000000000000000000000..e2ce6ead14c0f78f128ee130c25a80646c95f62d
--- /dev/null
+++ b/reuters/training/12208
@@ -0,0 +1,66 @@
+NY ANALYSTS SEE COFFEE FUTURES FALLING FURTHER
+  New York coffee futures prices will
+  probably fall to about 85 cents a lb in the next month before a
+  consolidation trend sets in, according to market analysts.
+      Yesterday, prices for the spot May contract fell below 1.00
+  dlr a lb for the first time since August 1981 after the
+  International Coffee Organization did not place new export
+  quota discussions on its current agenda.
+      Talks aimed at renegotiating ICO export quotas, after five
+  years of price-supporting agreements, broke down in February.
+      "Short-term, it looks like a definite test of 90 cents,
+  perhaps 85 cents," said William O'Neill, coffee analyst with
+  Elders Futures. "But the additional downside may not be all
+  that great from current levels."
+      "At this price level the market is very vulnerable to
+  bullish developments," O'Neill added. "Rather than us having a
+  market that will plummet we'll kind of see prices erode --
+  probably to around 85 cents."
+      "I definitely see 90 cents and would not rule out a brief
+  drop to 85 cents," said Debra Tropp, a coffee analyst with
+  Prudential Bache. But she said by June worries about a freeze
+  in Brazil growing areas will become more of a market factor,
+  with prices likely to consolidate ahead of that time.
+      A trader at a major international trade house, who asked
+  not to be named, said he expects a 10 cent drop near term but
+  believes if Brazil opens May registrations at a relatively high
+  export price and requires a high contribution quota from
+  exporters the market could steady at the lower levels.
+      Longer term, he added, producer pressure will mount on
+  Brazil to agree to consumers' export quota terms, and a new
+  international agreement could come into force next fall.
+      Since the February talks broke down, the market has fallen
+  from about 130.00 cents a lb to a low of 98.10 cents a lb
+  today, as buyers and sellers sought to reassess supply and
+  demand.
+      Generally, analysts say, producers have a large buildup of
+  stocks, but U.S. roasters have drawn down supplies and will
+  need to do some buying soon.
+      "Most producing nations have just completed or are about to
+  complete their annual harvests and exportable supplies are at
+  their seasonal peak. Exports remain behind year ago and
+  warehouses in producer nations are becoming increasingly
+  overburdened," said Sandra Kaul, coffee analyst for Shearson
+  Lehman, in that firm's forthcoming quarterly coffee report.
+      Kaul said producers' need to procure hard currency to
+  service foreign debt will put further pressure on them to sell,
+  and "this should keep substantial pressure on exporters to
+  undertake sales despite the drop in prices to six year lows."
+      Kaul believes the market will drop to 80 cents a lb before
+  Brazil's frost season begins in June.
+      Accurate assessments of roaster demand are hard to come by,
+  though analysts note the peak winter consumption period is
+  passed and demand usually slows this time of year.
+      Shearson's Kaul estimated U.S. roaster ending stocks as of
+  January 31, including soluble and roasted, at 6.3 mln bags
+  compared with 6.9 mln at end-September 1986, a small drawdown
+  for the usually busy winter roasting season.
+      But Elders O'Neill said, "The roasters are not overstocked
+  by any means."
+      Analysts said picking a bottom to the market is difficult,
+  given the fact prices have fallen into uncharted territory
+  below the long-term support at 1.00 dlr per lb, and several
+  traders said the sidelines might be preferable for the short
+  term.
+  
+
diff --git a/reuters/training/12209 b/reuters/training/12209
new file mode 100644
index 0000000000000000000000000000000000000000..6b7139ef223a8e757086ccec2984b0e46546a9fd
--- /dev/null
+++ b/reuters/training/12209
@@ -0,0 +1,82 @@
+ENERGY/U.S. REFINING
+  U.S. refiners said they are worried
+  that growing supplies of imports, proposed federal
+  environmental regulations, and the marketing of a third grade
+  of unleaded gasoline would cost them dearly and at a time when
+  the industry is recovering from a recent slump.
+       "We have to look at national security and cut the amount
+  of products and crude coming into the country if it hurts the
+  industry," said Archie Dunham, vice president of petroleum
+  products at Conoco, subsidiary of DuPont Corp (DD).
+      U.S. oil imports account for about 38 pct of U.S.
+  consumption but are expected to rise to 50 pct by the mid
+  1990s, according to the Department of Energy.
+      "Can we afford to import 60 or 70 pct of our oil
+  requirements 15 or so years from now?" asked John Swearingen,
+  chairman of the board of Continental Illinois Corp <CIL> and
+  former chief executive of Amoco Corp <AN>. "If your answer to
+  that question raises doubt, then it behooves us to do all that
+  we can now to cope with this situation and improve our
+  position."
+      But Swearingen said he opposed the idea of an import fee, a
+  view echoed by others attending this week's National Petroleum
+  Refiners Association meeting in San Antonio, Texas.
+      "Talk of an import surcharge or controls is not encouraging
+  because those things won't solve our problems and could well
+  compound them," said Swearingen. "Once the government affects
+  values, once an import quota or license has value, it's going
+  to be subverted by government," he added.
+       William Martin, deputy Energy Secretary, said the costs of
+  an import fee outweigh its benefits and suggested, as Energy
+  Secretary John Herrington has, depletion tax credits to
+  encourage domestic production and limit oil imports. He also
+  said altnerative energy sources should be encouraged.
+       Restoration of the depletion allowance for a 27 pct
+  deduction from the taxable income of oil companies is 
+  controversal but might work, said Dunham.
+      Dunham and other officials opposed the idea of a fee on oil
+  imports but said if one is enacted it must tax crude and
+  product imports.
+      "Why would companies import crude when they could import
+  products for a smaller cost if there were only a fee on crude?"
+  asked Henry Rosenberg, chairman of Crown Central Petroleum
+  <CNP>.
+       An import fee would raise the costs of U.S. petrochemical
+  products and make them noncompetive on the world market, Dunham
+  said.
+       "The energy security issue should be considered when
+  environmental issues are considered," Martin said.
+      "The level of investment for the proposed lowering of
+  sulfur level of diesel to 0.05 pct by weight, for example, is
+  unacceptable," Dunham said. "Most companies cannot afford it."
+      George Unzelman, president of HyOx, Inc., said these
+  proposals "will place pressure on small refining operations and
+  promote further industry consolidation."
+       An NPRA survey of of 139 refineries, which was released at
+  the conference, said reducing sulphur content to 0.05 pct
+  weight and aromatics to 20 volume pct aromatics in highway
+  diesel fuel would cost refiners 6.65 billion dlrs.
+       The national average diesel fuel sulfur content in 1986
+  for the survey respondents was 0.27 weight pct while the
+  average aromatics content was 32 pct.
+       Another possible cost to refiners is the upgrading of
+  facilities to produce a third grade of unleaded gasoline which
+  is beginning to be marketed by some companies.
+      "What will be the standard octane level in various grades
+  of unleaded gasoline?" asked Dunham. "A midlevel grade of
+  unleaded gasoline with an octane level of 89 means an
+  investment has to be made," Dunham said.
+       This grade is not warranted, said Crown's Rosenberg.
+       Despite these concerns, refiners are expecting margins to
+  move higher in the next few months.
+       "We are beginning to see a return in wholesale margins,"
+  said Roger Hemminghaus, chairman of the refining and marketing
+  company that is to spin off from Diamond Shamrock Corp <DIA>.
+       Margins are higher because the OPEC pact is holding, U.S.
+  stocks of gasoline and heating oil are declining, and gasoline
+  demand is rising as the driving season approaches, he said.
+       "This summer could be a good season for selling gasoline,"
+  Hemminghaus said, adding that the new company will be primarily
+  a gasoline producer.
+  
+
diff --git a/reuters/training/12211 b/reuters/training/12211
new file mode 100644
index 0000000000000000000000000000000000000000..4f9e242640bc16780426c4aa07d0b69a1e221cd3
--- /dev/null
+++ b/reuters/training/12211
@@ -0,0 +1,8 @@
+CSX CORP <CSX> 1ST QTR NET
+  Shr 47 cts vs 56 cts
+      Net 73.0 mln vs 85.0 mln
+      Revs 1.89 billion vs 1.69 billion
+      NOTE: figures reflect the merger of Sea-Land Corp completed
+  Feb 11, 1987.
+  
+
diff --git a/reuters/training/12213 b/reuters/training/12213
new file mode 100644
index 0000000000000000000000000000000000000000..2338c80ac5c728b8db9704d321e51a8a4988f35b
--- /dev/null
+++ b/reuters/training/12213
@@ -0,0 +1,13 @@
+WALL STREET STOCKS/LORAL CORP <LOR>
+  Loral Corp climbed 3-3/4 to 48-3/4 amid
+  rumors the company might be a takeover target of General
+  Electric Co <GE>. However, analysts said they were skeptical.
+      "Jack Welch doesn't want any more exposure to defense
+  markets," said one analyst who heard the rumors but doubted
+  their accuracy. The reference was to GE's chairman.
+      The analyst, who requested anonymity, said, "I wouldn't
+  believe this one unless there's a deal on the table."
+      Loral Corp officials were not immediately available for
+  comment.
+  
+
diff --git a/reuters/training/12215 b/reuters/training/12215
new file mode 100644
index 0000000000000000000000000000000000000000..c7c2dc478de019d7f4a623e2a48abf4f1e9cf00f
--- /dev/null
+++ b/reuters/training/12215
@@ -0,0 +1,6 @@
+MAGMA LOWERS COPPER PRICE 0.25 CT TO 65.50 CTS
+  Magma Copper Co, a subsidiary of
+  Newmont Mining Corp, said it is lowering its copper cathode
+  price by 0.25 cent to 65.50 cents a lb, effective immediately.
+  
+
diff --git a/reuters/training/12216 b/reuters/training/12216
new file mode 100644
index 0000000000000000000000000000000000000000..c1c5368890111a7119664148d1e8c0364c296a41
--- /dev/null
+++ b/reuters/training/12216
@@ -0,0 +1,16 @@
+SNET <SNG> SEES GOOD 1987 EARNINGS
+  Southern New England Telecommunications
+  Corp, SNET, said it expects to have good earnings in 1987
+  against 4.46 dlrs per share or 139.2 mln dlrs in 1986.
+      The company also said it expects capital spending to rise
+  to about 355 mln dlrs in 1987, up from 289 mln dlrs a year ago.
+      However, senior vice president of finance Daniel Miglio
+  told a meeting of analysts that there was some uncertainty in
+  its earnings outlook because SNET is currently involved in
+  negotiations with state regulators on its rate of return on
+  equity which currently stands at 16.2 pct.
+      The company also said it expects its SNET Systems business,
+  which is composed of some of its non-regulated businesses, to
+  be profitable by the end of the year.
+  
+
diff --git a/reuters/training/12219 b/reuters/training/12219
new file mode 100644
index 0000000000000000000000000000000000000000..611b91ad2a8a2684d28b4544422b7df2b73619c9
--- /dev/null
+++ b/reuters/training/12219
@@ -0,0 +1,8 @@
+STRYKER <STRY> ACQUIRES HEXCEL <HXL> UNIT
+  Stryker Corp said it acquired
+  Hexcel Medical Corp, a wholly owned subsidiary of Hexcel Corp.
+      The terms of the transaction were not disclosed.
+      The sale completes Hexcel's plan to sell all its medical
+  products businesses, Hexcel said.
+  
+
diff --git a/reuters/training/12221 b/reuters/training/12221
new file mode 100644
index 0000000000000000000000000000000000000000..97faf4b21d582185943d8c5e5a57eac0826015f1
--- /dev/null
+++ b/reuters/training/12221
@@ -0,0 +1,14 @@
+OLD STONE <OSTN> COMPLETES ACQUISITION
+  Old Stone Corp said it
+  completed the previously announced acquisition of First Federal
+  Savings Bank of North Carolina, a Shelby, N.C., savings bank,
+  for common stock.
+      The final purchase price, expected to be between seven mln
+  and 7.5 mln dlrs, will be based on an exchange of common stock
+  valued at 1.5 times the book value of First Federal as of the
+  March 31 closing date, the company said.
+      At February  28, First Federal had 129 mln dlrs in assets
+  and 120 mln dlrs in deposits. Old Stone is a Rhode Island-based
+  financial services company with assets of 3.9 billion dlrs.
+  
+
diff --git a/reuters/training/12222 b/reuters/training/12222
new file mode 100644
index 0000000000000000000000000000000000000000..da8bcfdc4f42255f74d01bcb3902c6aa76b8fc6d
--- /dev/null
+++ b/reuters/training/12222
@@ -0,0 +1,6 @@
+MOORE MEDICAL CORP <MMD> TO MAKE ACQUISITION
+  Moore Medical Corp said it
+  plans to acquire privately-held Penta Products, a wholesale
+  distributor of generic durgs, for undisclosed terms.
+  
+
diff --git a/reuters/training/12223 b/reuters/training/12223
new file mode 100644
index 0000000000000000000000000000000000000000..77e1b1dc9cd4ddc844a42e984c05fdc0d34e82cf
--- /dev/null
+++ b/reuters/training/12223
@@ -0,0 +1,7 @@
+INSPIRATION LOWERS COPPER PRICE TO 66.50 CTS/LB
+  Inspiration Consolidated Copper Co, a
+  subsidiary of Inspiration Resources Corp, said it is lowering
+  its base price for full-plate copper cathodes one-half cent to
+  66.50 cents a lb, effective immediately.
+  
+
diff --git a/reuters/training/12224 b/reuters/training/12224
new file mode 100644
index 0000000000000000000000000000000000000000..903a6ea197d667e73b30580c41f39fadf11383e7
--- /dev/null
+++ b/reuters/training/12224
@@ -0,0 +1,27 @@
+ARGENTINE VEGETABLE OIL SHIPMENTS IN 1986
+  Argentine vegetable oils shipments
+  during January/December 1986 totalled 1,796,121 tonnes, against
+  1,577,722 tonnes in the same period of 1985, the Argentine
+  Grain Board said.
+      Breakdown was as follows: cotton 9,000 (27,900), sunflower
+  954,303 (840,440), linseed 119,954 (138,944), groundnutseed
+  26,248 (26,246), soybean 669,094 (524,715), tung 9,047
+  (11,363), olive 2,417 (4,125), maize 6,058 (3,989), rape nil
+  (nil) , grape nil (nil), the board added.
+      Shipments during December 1986 amounted to 102,870 tonnes,
+  against 108,514 tonnes in the same month of 1985.
+      The breakdown, was as follows, in tonnes:
+      Cotton 5,000 (nil), sunflower 25,156 (23,713), linseed
+  6,127 (5,990), groundnutseed nil (738), soybean 65,759
+  (76,371), tung 645 (730), olive 183 (660), maize nil (312),
+  rape nil (nil), grape nil (nil), the board said.    
+      The ten principal destinations during January/December
+  1986, with comparative figures for the same period of 1985 in
+  brackets, were as follows, in tonnes:
+      Iran 212,043 (209,177), Holland 204,558 (215,784), Soviet
+  Union 173,060 (266,389), Egypt 163,119 (164,252), Algeria
+  116,330 (11,492), South Africa 105,230 (110,064), Brazil
+  101,599 (103,142), Cuba 89,957 (98,740), United States 80,109
+  (44,826), India 67,182 (17,403), the board said.
+  
+
diff --git a/reuters/training/12225 b/reuters/training/12225
new file mode 100644
index 0000000000000000000000000000000000000000..691efc11d82070bffb4b63dcf920cff531109a45
--- /dev/null
+++ b/reuters/training/12225
@@ -0,0 +1,16 @@
+UPLAND MINERALS ACQUIRES BRAZIL MINING FIRM
+  Upland Minerals and Chemicals Corp said
+  it agreed to acquire Consolidated Brazilian Mines International
+  Inc, a public company with one mln acres of diamond and gold
+  properties in Brazil.
+      Terms were not disclosed.
+      Consolidated owns 42 mining concessions in three regions of
+  eastern and northern Brazil -- Gammara, Santo Antonio and
+  Diamazon, the company said.
+      Upland also said the previously announced acquisition of
+  Aslaminas Aslambeck Mining Corp, a Minas Gerais, Brazil, mining
+  concern, will produce revenues of 9.6 mln dlrs a year for the
+  next 25 years.
+      New York-based Upland is traded over-the-counter.
+  
+
diff --git a/reuters/training/12226 b/reuters/training/12226
new file mode 100644
index 0000000000000000000000000000000000000000..d00c8413a1b74564f54a521a9ec21fe79454a9a4
--- /dev/null
+++ b/reuters/training/12226
@@ -0,0 +1,9 @@
+INSPEECH <INSP> BUYS NORMA BORK, BORK MEDICAL
+  Inspeech Inc said it acquired
+  Norma Bork Associates Inc and Bork Medical Services Inc for
+  undisclosed terms.
+      These firms, with combined revenues of about one mln dlrs,
+  are providers of speech pathology, physical therapy and
+  occupational therapy services.
+  
+
diff --git a/reuters/training/12227 b/reuters/training/12227
new file mode 100644
index 0000000000000000000000000000000000000000..35f9077115b7e0eeb9964215dfa16938a6bd40d4
--- /dev/null
+++ b/reuters/training/12227
@@ -0,0 +1,6 @@
+NOLAND CO <NOLD> SETS QUARTERLY
+  Qtly div 10 cts vs 10 cts prior
+      Pay April 24
+      Record April 14
+  
+
diff --git a/reuters/training/12229 b/reuters/training/12229
new file mode 100644
index 0000000000000000000000000000000000000000..366b02f9ce0862e7a03989d7d848ac990a40b906
--- /dev/null
+++ b/reuters/training/12229
@@ -0,0 +1,6 @@
+BANK OF NEW YORK <BK> RAISES PRIME TO 7-3/4 PCT
+  Bank of New York said it raised its
+  prime lending rate a quarter point to 7-3/4 pct.
+      It said the move is effective immediately.
+  
+
diff --git a/reuters/training/12231 b/reuters/training/12231
new file mode 100644
index 0000000000000000000000000000000000000000..eab8f978472dc71a9bd4ab3557dc91995af6f78a
--- /dev/null
+++ b/reuters/training/12231
@@ -0,0 +1,9 @@
+HARTMARX CORP <HMX> 1ST QTR FEB 28 NET
+  Shr 54 cts vs 40 cts
+      Net 11,105,000 vs 8,310,000
+      Sales 282.7 mln vs 290.3 mln
+      Avg shrs 20,599,000 vs 20,760,000
+      NOTE: Per-share results restated for May 1986 three-for-two
+  stock split
+  
+
diff --git a/reuters/training/12235 b/reuters/training/12235
new file mode 100644
index 0000000000000000000000000000000000000000..b831dc95748c3eae027bd79273e367fce871faf4
--- /dev/null
+++ b/reuters/training/12235
@@ -0,0 +1,6 @@
+MANUFACTURERS NATIONAL <MNTL> RAISES PRIME
+  Manufacturers National Bank of Detroit
+  said it increased its prime rate to 7-3/4 pct from 7-1/2 pct,
+  effective immediately.
+  
+
diff --git a/reuters/training/12236 b/reuters/training/12236
new file mode 100644
index 0000000000000000000000000000000000000000..7b5caea68be294c621ac23d1f1984b126be723d4
--- /dev/null
+++ b/reuters/training/12236
@@ -0,0 +1,15 @@
+UPLAND MINERALS ACQUIRES BRAZIL MINING FIRM
+  Upland Minerals and Chemicals Corp said
+  it agreed to acquire Consolidated Brazilian Mines International
+  Inc, a public company with one mln acres of diamond and gold
+  properties in Brazil.
+      Terms were not disclosed.
+      Consolidated owns 42 mining concessions in three regions of
+  eastern and northern Brazil -- Gammara, Santo Antonio and
+  Diamazon, the company said.
+      Upland also said the previously announced acquisition of
+  Aslaminas Aslambeck Mining Corp, a Minas Gerais, Brazil, mining
+  concern, will produce revenues of 9.6 mln dlrs a year for the
+  next 25 years.
+  
+
diff --git a/reuters/training/12237 b/reuters/training/12237
new file mode 100644
index 0000000000000000000000000000000000000000..a4e04b9f0062632f9527c60fa739991fd37ea145
--- /dev/null
+++ b/reuters/training/12237
@@ -0,0 +1,12 @@
+TOLL <TOL> IN STOCK SPLIT, PUBLIC OFFERING
+  Toll Brothers Inc said it
+  declared a two-for-one split of its common stock and said it
+  filed a registration statement with the Securities and Exchange
+  Commission for a proposed public offering of 5,700,000 shares
+  of common as adjusted for the split.
+      The record date for the split is April 10, and certificates
+  representing the additional shares will be mailed April 20.
+      The company said its stock price will be adjusted to
+  reflect the split on April 21.
+  
+
diff --git a/reuters/training/12239 b/reuters/training/12239
new file mode 100644
index 0000000000000000000000000000000000000000..789fc845e45ca002c45d19ad72a66ea1ef8c115a
--- /dev/null
+++ b/reuters/training/12239
@@ -0,0 +1,12 @@
+NATIONAL ROYALTY CORP <NROC> 4TH QTR LOSS
+  Shr loss 22 cts vs loss 20 cts
+      Net loss 2,127,334 vs loss 1,629,432
+      Revs 1,306,658 vs 1,091,023
+      Avg shrs 9.7 mln vs 8 mln
+      Year
+      Shr loss 36 cts vs loss 35 cts
+      Net loss 3,519,251 vs loss 2,805,569
+      Revs 5,081,953 vs 4,410,954
+      Avg shrs 9.8 mln vs 8.1 mln
+  
+
diff --git a/reuters/training/12240 b/reuters/training/12240
new file mode 100644
index 0000000000000000000000000000000000000000..58d9b6b82dbdebe0710857c748de90351210d333
--- /dev/null
+++ b/reuters/training/12240
@@ -0,0 +1,16 @@
+HI-PORT INDUSTRIES INC <HIPT> 4TH QTR NET
+  Oper shr 29 cts vs eight cts
+      Oper net 222,143 vs 76,605
+      Revs 4,872,279 vs 3,276,404
+      12 mths
+      Oper shr 17 cts vs 28 cts
+      Oper net 111,280 vs 301,623
+      Revs 13.9 mln vs 11.1 mln
+      NOTE: 1986 yr figures excludes extraordinary item of
+  574,363 dlrs, or 60 cts per share, for termination of its non
+  contributory pension plan.
+      1985 yr figures excludes 537,950 dlrs, or 42 cts per share,
+  representing insurance proceeds from a fire that occurrred in
+  1983.
+  
+
diff --git a/reuters/training/12243 b/reuters/training/12243
new file mode 100644
index 0000000000000000000000000000000000000000..90da11723b857ab767c6514e0b5d24b63f754b32
--- /dev/null
+++ b/reuters/training/12243
@@ -0,0 +1,11 @@
+COMEX RAISES MARGINS FOR SILVER FUTURES
+  The Commodity Exchange Inc said it is
+  increasing the minimum margins for silver futures contracts,
+  effective at the opening of business Thursday, April 2.
+      The margins for speculative trading will be increased to
+  2,000 dlrs per contract from 1,300 dlrs and trade hedge margins
+  will rise to 1,400 dlrs from 900 dlrs, the Comex said.
+      Margins are unchanged for gold, copper, and aluminum
+  contracts, it said.
+  
+
diff --git a/reuters/training/12244 b/reuters/training/12244
new file mode 100644
index 0000000000000000000000000000000000000000..3603c51120d4f2ead746011fee653db10894e0dd
--- /dev/null
+++ b/reuters/training/12244
@@ -0,0 +1,10 @@
+<SYSTEMS FOR HEALTH CARE INC> YEAR LOSS
+  Shr loss 33 cts vs nil
+      Net loss 603,430 vs profit 4,295
+      Revs 748,628 vs 5,730
+      NOTE: Per-share results give retroactive effect to
+  one-for-50 reverse stock split in March 1987
+      1986 loss includes recurring expenses of 317,062 dlrs
+  related to acquisitions and initial advertising campaigns
+  
+
diff --git a/reuters/training/12246 b/reuters/training/12246
new file mode 100644
index 0000000000000000000000000000000000000000..37947dcf169239748b9c4b42609d8fd96e416750
--- /dev/null
+++ b/reuters/training/12246
@@ -0,0 +1,6 @@
+MELLON <MEL>, REPUBLIC <RPT> LIFT PRIME RATES
+  Mellon Bank NA of Pittsburgh and
+  Republic Bank of Dallas have both raised their prime lending
+  rates to 7-3/4 pct from 7-1/2, effective immediately.
+  
+
diff --git a/reuters/training/12249 b/reuters/training/12249
new file mode 100644
index 0000000000000000000000000000000000000000..882783e8be47b86ed945ad6a62760171fe2102f9
--- /dev/null
+++ b/reuters/training/12249
@@ -0,0 +1,30 @@
+GULF BARGE FREIGHT HIGHER IN NEARBYS ON CALL
+  Gulf barge freight rates continued to
+  show a firmer tone in the nearbys on the assumption that
+  changes in the Gulf posted prices will encourage increases in
+  both PIK-and-roll activity and barges shipments, with a total
+  of 21 barges traded this morning on the ST Louis Merchants'
+  Exchange call session, versus nine yesterday, dealers said.
+      Quotes included -
+   - This week Mississippi River (Granite City, MLA if P/O)
+  traded at 175 pct of tariff, five percentage points above
+  yesterday's bid.
+   - Next week Mississippi (Alton/Granite City, MLA if P/O) bid
+  five points higher at 175 pct, offered at 190.
+   - Five barges each week April MidMississippi River
+  (Dubuque/south) traded at yesterday's bid of 170 pct.
+   - April Illinois River (ex Chicago) 160 pct bid, offered 10
+  points higher at 170.
+   - May same section 140 pct bid, offered five lower at 145.
+   - May MidMississippi River (Dubuque/south) bid 2-1/2 points
+  higher at 142-1/2 pct, offered at 145.
+   - June/July lower Mississippi River (Memphis/Cairo) offered at
+  120 pct, no bids.
+   - June/Aug upper Mississippi River (Lacrosse/Savage) offered
+  at 150 pct, no bids.
+   - Oct/Nov MidMississippi (Dubuque/south, L/H Nov
+  Clinton/south) 170 pct bid/177-1/2 offered - no comparison.
+   - December Illinois River (ex Chicago) 122-1/2 pct bid/127-1/2
+  offered - down 2-1/2 points on offer.
+  
+
diff --git a/reuters/training/1225 b/reuters/training/1225
new file mode 100644
index 0000000000000000000000000000000000000000..8c057e9fd071e8d9f3b58fdd2eed737a839f57d6
--- /dev/null
+++ b/reuters/training/1225
@@ -0,0 +1,7 @@
+FERTILITY AND GENETICS RESEARCH <BABY> 1ST QTR
+  Periods ended December 31
+      Shr loss 10 cts vs loss seven cts
+      Net loss 316,289 vs loss 189,140
+      Revs 61,762 vs 8,934
+  
+
diff --git a/reuters/training/12250 b/reuters/training/12250
new file mode 100644
index 0000000000000000000000000000000000000000..891671a4be8eb5a463135426bb079374c9bc450a
--- /dev/null
+++ b/reuters/training/12250
@@ -0,0 +1,28 @@
+<CRIME CONTROL> ASSETS TO BE SOLD TO HAWLEY
+  Crime Control Inc said it reached a
+  definitive agreement under which a subsidiary of Hawley Group
+  Ltd will buy assets and assume certain liabilities of Crime
+  Control for 51.3 mln dlrs.
+      Of this amount, it said about 47 mln dlrs would be
+  available for distribution to the company's banks, debenture
+  holders and shareholders. The balance would be used to pay
+  various state taxes and other expenses relating to the
+  transaction, and to establish reserves to provide for certain
+  unassumed obligations of the company.
+      Crime Control said it would use proceeds to pay its bank
+  lenders approximately 28.6 mln dlrs, representing about 87 pct
+  of the principal amount of all its indebtedness to bank
+  lenders.
+      It also said it would propose to acquire all of its 20 mln
+  dlrs worth of outstanding 10 pct convertible subordinated
+  debentures for an aggregate of approximately 15.4 mln dlrs and
+  propose liquidation of the company with shareholders receiving
+  an estimated 54 cts a share.
+      As reported earlier, Crime Control is in default on
+  approximately 33 mln dlrs of bank debt and in default under the
+  indenture governing its convertible subordinated debentures.
+      On January 19, 1987, Crime Control, which installs,
+  services and monitors electronic surveillance systems, said it
+  retained Rothschild Inc to arrange for the sale of the company.
+  
+
diff --git a/reuters/training/12251 b/reuters/training/12251
new file mode 100644
index 0000000000000000000000000000000000000000..5c5505b380d8a5f37fad14776e41f5615cd7b27a
--- /dev/null
+++ b/reuters/training/12251
@@ -0,0 +1,5 @@
+ROYAL/BANK CANADA UPS U.S. BASE RATE 1/4 PCT TO 8-1/4 PCT
+
+  ROYAL/BANK CANADA UPS U.S. BASE RATE 1/4 PCT TO 8-1/4 PCT
+  
+
diff --git a/reuters/training/12254 b/reuters/training/12254
new file mode 100644
index 0000000000000000000000000000000000000000..ac63a0623e48ca13cd15ffa13e4ac34927f9e916
--- /dev/null
+++ b/reuters/training/12254
@@ -0,0 +1,29 @@
+ARGENTINE SUBPRODUCTS SHIPMENTS IN 1986
+  Argentine subproducts shipments
+  during January/December 1986 totalled 5,618,315 tonnes, against
+  4,815,188 tonnes in the same period of 1985, the Argentine
+  Grain Board said.
+      Breakdown was as follows: cotton 26,992 (41,933), sunflower
+  1,403,230 (1,190,862), linseed 261,600 (309,191), groundnutseed
+  23,595 (22,809), soybean 3,275,225 (2,415,492), bran/pollards
+  wheat 606,352 (659,271), fiber cotton 3,256 (107,752), wheat
+  flour 18,065 (67,878), rape nil (nil), the board added.
+      Shipments during December 1986 amounted to 418,755 tonnes,
+  against 257,844 tonnes in the same month of 1985.
+      The breakdown, was as follows, in tonnes:
+      Cotton 3,002 (6,234), sunflower 86,612 (38,347), linseed
+  23,954 (38,290), groundnutseed nil (nil), soybean 264,650
+  (104,571), bran/polards wheat 37,724 (49,946), fiber cotton 987
+  (2,121), wheat flour 1,826 (18,335), rapeseed nil (nil), the
+  board said.
+      The ten principal destinations during January/December
+  1986, with comparative figures for the same period of 1985 in
+  brackets, were as follows, in tonnes:
+      Holland 2,444,260 (2,234,049), Belgium 546,423 (595,635),
+  Italy 430,029 (338,766), Czechoslovakia 365,897 (236,836), Cuba
+  253,067 (222,842), Iran 250,646 (192,430), West Germany
+  232,049) (158,491), Bulgaria 207,030 (300,488), Spain and
+  Canary Islands 176,287 (113,751), Corea 163,304 (37,416), the
+  board added.
+  
+
diff --git a/reuters/training/12255 b/reuters/training/12255
new file mode 100644
index 0000000000000000000000000000000000000000..82ee9037c3a87d6162dee4de3832c5facead7ec3
--- /dev/null
+++ b/reuters/training/12255
@@ -0,0 +1,12 @@
+LE PEEP RESTAURANTS INC <LPEP> 4TH QTR LOSS
+  Shr loss 27 cts vs loss 81 cts
+      Net loss 998,764 vs loss 1,491,590
+      Revs 2,712,614 vs 1,237,850
+      Avg shrs 3,727,063 vs 1,838,294
+      Year
+      Shr loss 1.79 dlr vs loss 2.11 dlrs
+      Net loss 4,559,004 vs loss 3,882,235
+      Revs 8,510,004 vs 3,720,640
+      Avg shrs 2,544,271 vs 1,838,294
+  
+
diff --git a/reuters/training/12257 b/reuters/training/12257
new file mode 100644
index 0000000000000000000000000000000000000000..ca83553417bc06f675ea1c1b357453f281006784
--- /dev/null
+++ b/reuters/training/12257
@@ -0,0 +1,12 @@
+ESTIMATED U.S. POULTRY SLAUGHTER
+  The United States department of
+  agriculture estimated live poultry slaughter for the week
+  ending April 1  as follows, in thousands -
+              Current      Previous
+   Class      week         week
+   Bro/Fry      92,552      95,563 
+   Lt Fowl       2,840       3,354 
+   Hvy Fowl        651         789 
+   Check Total  96,043      99,706 
+  
+
diff --git a/reuters/training/12258 b/reuters/training/12258
new file mode 100644
index 0000000000000000000000000000000000000000..24a3cec344259fd0e14fa1a3bd3106792955b3bc
--- /dev/null
+++ b/reuters/training/12258
@@ -0,0 +1,14 @@
+TOWLE MANUFACTURING CO <QTOW> 4TH QTR OPER LOSS
+  Oper shr loss 1.10 dlrs vs loss 8.63 dlrs
+      Oper net loss 5.1 mln vs loss 42.1 mln
+      Revs 23.1 mln vs 63.3 mln
+      Year
+      Oper shr loss 4.71 dlrs vs loss 14.09 dlrs
+      Oper net loss 22.0 mln vs loss 67.2 mln
+      Revs 114.6 mln vs 221.8 mln
+      Avg shrs 4,910,330 vs 4,851,650
+      NOTE: Current year excludes gain of 12.1 mln dlrs from
+  disposal of discontinued operations.
+      Shr figures after preferred dividend requirements.
+  
+
diff --git a/reuters/training/12259 b/reuters/training/12259
new file mode 100644
index 0000000000000000000000000000000000000000..ba20d3b070fb8d6ffd8430a98686e543051deade
--- /dev/null
+++ b/reuters/training/12259
@@ -0,0 +1,11 @@
+ROYAL BANK/CANADA UPS U.S. BASE RATE
+  <Royal Bank of Canada> said it is
+  raising its U.S. base lending rate by 1/4 pct to 8-1/4 pct,
+  effective tomorrow.
+      The move is the first change in the bank's U.S. dollar base
+  lending rate since last August, when it lowered the rate 1/2
+  point.
+      It follows the announcement yesterday of a 1/4 point rise
+  to 7-3/4 pct of two of the largest U.S. banks' prime rates.
+  
+
diff --git a/reuters/training/1226 b/reuters/training/1226
new file mode 100644
index 0000000000000000000000000000000000000000..90a3f723229d9c4c4281f4c52c6f97f7b1657544
--- /dev/null
+++ b/reuters/training/1226
@@ -0,0 +1,24 @@
+ROSTENKOWSKI RELUCTANT TO BACK TAX HIKE
+  House Ways and Means Committee
+  Chairman Dan Rostenkowski said he would be reluctant to back
+  the tax increase if it did not have President Reagan's support.
+      He told a National Press Club luncheon there would be a
+  number of tax proposals that could be debated if Reagan sought
+  a tax increase to help balance the budget.
+      However, he said he would prefer to leave the tax rates
+  enacted in last year's tax reform bill unchanged.
+      There have been calls in Congress to hold the rates at the
+  1987 level rather than allow them to fall next year.
+      Reagan proposed 22 billion dlrs in revenue as part of his
+  1988 budget proposal, but it did not include general tax
+  increases.
+      On trade issues, Rostenkowski said he did not expect the
+  major trade bill this year would single out any U.S. industry
+  for special protection.
+      "To go after individual items in a trade bill is suicide,"
+  he said.
+      This apparently ruled out congressional approval of another
+  textile trade bill to limit quotas on textile imports, as was
+  proposed again this year.
+  
+
diff --git a/reuters/training/12260 b/reuters/training/12260
new file mode 100644
index 0000000000000000000000000000000000000000..2c7d0e750e05db24697791009e2eba00057a6784
--- /dev/null
+++ b/reuters/training/12260
@@ -0,0 +1,6 @@
+HARRIS BANK INCREASES ITS PRIME RATE
+  <The Harris Trust and Savings Bank> said
+  it has increased its prime rate to 7-3/4 from 7-1/2 effective
+  immediately.
+  
+
diff --git a/reuters/training/12261 b/reuters/training/12261
new file mode 100644
index 0000000000000000000000000000000000000000..13a09cdba63538fe5f1b12448bfb71389b3c06f7
--- /dev/null
+++ b/reuters/training/12261
@@ -0,0 +1,31 @@
+ANALYSTS SAY USSR MAY PREFER NEW CROP U.S. WHEAT
+  The Soviet Union would likely be more
+  interested in purchasing new crop wheat than in booking any
+  grain for immediate shipment if offered a subsidy on U.S.
+  wheat, an executive with a major grain export company said.
+      Lower prices and the desire to delay any big purchases
+  until the condition of winter and spring crops is better known
+  make new crop wheat more attractive, said George Hoffman,
+  director of commodity analysis for The Pillsbury Company.
+      "Pillsbury is assuming that they (Soviets) will be offered
+  a subsidy and that it will be a subsidy that they can respond
+  to," Hoffman told Reuters in an interview at an agribusiness
+  education conference here. But if there are too many
+  constraints placed on a subsidy offer, the USSR will take less
+  than an anticipated four mln tonnes, he said.
+      Hoffman said Pillsbury's internal statistics put Soviet
+  Union wheat purchases at only two mln tonnes under a subsidy
+  offer. However, if a subsidy is offered at competitive levels,
+  Moscow would likely buy more, he said.
+      "If we give the Soviets the same deal as the Chinese, I
+  expect they'll take it," said Vernon McMinimy, director of
+  commodity research for A.E. Staley Manufacturing Co.
+      McMinimy told Reuters spring weather and its impact on
+  crops will determine how much wheat Moscow would buy under a
+  subsidy offer.
+      Soviet winter crops did not get off to a good start because
+  of a dry autumn last year, and because of the severe winter
+  "they probably have had more damage due to winter weather than
+  normal," McMinimy said.
+  
+
diff --git a/reuters/training/12266 b/reuters/training/12266
new file mode 100644
index 0000000000000000000000000000000000000000..ffdc9ea0a443bcbed74b734a5fa3e6f5c4a44440
--- /dev/null
+++ b/reuters/training/12266
@@ -0,0 +1,13 @@
+STRAWBRIDGE AND CLOTHIER <STRW> 4TH QTR NET
+  Shr 2.02 dlrs vs 1.94 dlrs
+      Net 14.7 mln vs 13.9 mln
+      Revs 265.6 mln vs 235.1 mln
+      Year
+      Shr 2.83 dlrs vs 3.36 dlrs
+      Net 20.7 mln vs 24.1 mln
+      Revs 739.1 mln vs 686.9 mln
+      NOTE: Current year includes loss equal to 12 cts/shr from
+  takeover defense and loss of 13 cts from loss of investment tax
+  credits.
+  
+
diff --git a/reuters/training/12267 b/reuters/training/12267
new file mode 100644
index 0000000000000000000000000000000000000000..1a5d0b24d5d82867ad2ee2f0f8cdcf601de1aea2
--- /dev/null
+++ b/reuters/training/12267
@@ -0,0 +1,7 @@
+MOBIL RAISES WEST COAST CRUDE PRICES BETWEEN ONE DLR AND
+1.75 DLRS/BBL TODAY
+
+  MOBIL RAISES WEST COAST CRUDE PRICES BETWEEN ONE DLR AND
+  1.75 DLRS/BBL TODAY
+  
+
diff --git a/reuters/training/12269 b/reuters/training/12269
new file mode 100644
index 0000000000000000000000000000000000000000..f73b7705d5b70d9f350138f0646d12ea4c8ff049
--- /dev/null
+++ b/reuters/training/12269
@@ -0,0 +1,9 @@
+EGYPT AUTHORIZED TO BUY PL 480 WHEAT FLOUR-USDA
+  Egypt has been authorized to purchase
+  about 125,000 tonnes of U.S. wheat flour under an existing PL
+  480 agreement, the U.S. Agriculture Department said.
+      It may buy the wheat flour, valued at 23.0 mln dlrs between
+  April 8 and August 31, 1987 and ship it by September 30, the
+  department said.
+  
+
diff --git a/reuters/training/12270 b/reuters/training/12270
new file mode 100644
index 0000000000000000000000000000000000000000..af38d6aee844dff6c1cc4e9c6e06296a9171138e
--- /dev/null
+++ b/reuters/training/12270
@@ -0,0 +1,14 @@
+TUGS TO ATTEMPT REFLOATING KOREAN BULK CARRIER
+  Seven tugs will attempt to refloat the
+  South Korean motor bulk carrier Hyundai New World tonight,
+  Lloyds shipping intelligence service said in its latest update.
+      The vessel grounded close to Itaqui port in Brazil last
+  night after undocking from Ponta da Madeira terminal.
+      Lloyds said the 200,000 dwt vessel is carrying about
+  180,000 tons of ore.
+      Five holds are partially flooded and there is some leakage
+  of bunkers from double bottom tanks. At low water tide the
+  vessel has a list of five degrees to port and the list
+  increases as the tide rises.
+  
+
diff --git a/reuters/training/12271 b/reuters/training/12271
new file mode 100644
index 0000000000000000000000000000000000000000..f0283a33f2a4c469669374c18ed458c3ab4344f3
--- /dev/null
+++ b/reuters/training/12271
@@ -0,0 +1,6 @@
+ROBERT BRUCE INDUSTRIES INC <BRUCA> YEAR LOSS
+  Shr loss 3.31 dlrs vs profit 94 cts
+      Net loss 6,073,000 vs profit 1,823,000
+      Revs 58.9 mln vs 69.2 mln
+  
+
diff --git a/reuters/training/12274 b/reuters/training/12274
new file mode 100644
index 0000000000000000000000000000000000000000..f97cf2cf671fde357e4208b829bd664aa134bd2a
--- /dev/null
+++ b/reuters/training/12274
@@ -0,0 +1,6 @@
+TCF BANKING AND SAVINGS HIKES PRIME RATE
+  TCF Banking and Savings FA said it
+  is raising its prime rate to 7-3/4 pct from 7-1/2 pct effective
+  today.
+  
+
diff --git a/reuters/training/12275 b/reuters/training/12275
new file mode 100644
index 0000000000000000000000000000000000000000..26f53785318f50b28224ec8974ed67ac2a273f0e
--- /dev/null
+++ b/reuters/training/12275
@@ -0,0 +1,11 @@
+CCC SELLS FARMERS STOCK PEANUTS, OFFERS MORE
+  The U.S. Commodity Credit Corporation
+  (CCC) sold 6,034 short tons of 1986-crop farmers stock peanuts
+  for domestic crushing, the U.S. Agriculture Department said.
+      The peanuts were from the Southwest area and were sold at
+  between 8.05 cts per lb (total kernel content), and 11.7225 cts
+  per lb, the department said.
+      The CCC will offering additional 1986-peanuts for sale at a
+  later date, the department said.
+  
+
diff --git a/reuters/training/12276 b/reuters/training/12276
new file mode 100644
index 0000000000000000000000000000000000000000..d8f3b0b23d2fea52afe74422a8ad209343690eee
--- /dev/null
+++ b/reuters/training/12276
@@ -0,0 +1,14 @@
+CAMPEAU AND EDWARD DEBARTOLO COMPLETE PURCHASE
+  <Campeau Corp> and the <Edward J.
+  DeBartolo Corp> have closed on their previously-announced 
+  purchase of five of the regional shopping centers of Allied
+  Stores Corp.
+      Campeau said it and the DeBartolo Association will each
+  hold a 50 pct ownership interest in the shopping centers.
+      Campeau separately announced that, as required by a bank
+  agreement, it has contributed an additional 50 mln dlrs of
+  capital to Allied.
+      Campeau acquired Allied Stores Corp earlier this year, the
+  company said.
+  
+
diff --git a/reuters/training/12278 b/reuters/training/12278
new file mode 100644
index 0000000000000000000000000000000000000000..efd6e1683ee0fcedcab7c7566864e35f4e0574ff
--- /dev/null
+++ b/reuters/training/12278
@@ -0,0 +1,9 @@
+CCC INTEREST RATE FOR APRIL IS SIX PCT -- USDA
+  The Commodity Credit Corporation
+  (CCC) interest rate on loans disbursed in April will carry a
+  six pct ionterest rate, the U.S. Agriculture Department said.
+      The April rate is up from March's 5-7/8 pct and reflects
+  the interest rate charged CCC by the U.S. Treasury, the
+  department said.
+  
+
diff --git a/reuters/training/1228 b/reuters/training/1228
new file mode 100644
index 0000000000000000000000000000000000000000..4dff5d9d3c81e1ab480250d0bcd611bf7dbe5800
--- /dev/null
+++ b/reuters/training/1228
@@ -0,0 +1,13 @@
+<MAGELLAN CORP> SETS MERGER WITH BALZAC
+  Magellan Corp said it has entered into a
+  letter of intent to acquire Balzac Investments Inc in a
+  transaction that will result in former Balzac shareholders
+  owning about 83 pct of the combined company.
+      The company said on completion of the merger, the combined
+  company wopuld be known as Power-Cell Inc and be engaged in the
+  development of Balzac technology related to its Quick Charge
+  product for charging auto batteries.
+      The transaction is subject to approval by shareholders of
+  both companies.
+  
+
diff --git a/reuters/training/12281 b/reuters/training/12281
new file mode 100644
index 0000000000000000000000000000000000000000..7615e90c2b6a895c0f3f6e401de3efa3b423d165
--- /dev/null
+++ b/reuters/training/12281
@@ -0,0 +1,25 @@
+STANDARD OIL <SRD> COMMITTEE TRIED TO DELAY BID
+  A committee of independent directors of
+  the Standard Oil Co unsuccessfully sought a delay in a tender
+  offer for Standard shares by British Petroleum Co plc,
+  according to offering documents.
+      BP's offering document for its 70 dlr per share offer
+  describes discussions with Douglas Danforth, who chairs a
+  special committee of independent directors responsible for
+  monitoring relations with BP. BP has been owner of a 55 pct
+  stake in Standard for several years.
+      According to the document, the committee's counsel said it
+  needed one to two months to evaluate the offering price.
+      Danforth, who is chairman of the Westinghouse Electric Co
+  <WX>, first learned of BP's interest in acquiring the rest of
+  Standard in a telephone call March five from Sir Peter Walters,
+  chairman of BP.
+      At a meeting march nine, Danforth informed BP that the
+  special committee had hired First Boston Corp <FBC> as its
+  financial adviser and also retained independent counsel.
+      Danforth's concerns that the special committee did not have
+  sufficient time were expressed to Walters in a telephone
+  conversation and reiterated in a letter from counsel on Monday
+  of this week.
+  
+
diff --git a/reuters/training/12283 b/reuters/training/12283
new file mode 100644
index 0000000000000000000000000000000000000000..b3f640c6f15f560ac9a545660e90b333a068f87a
--- /dev/null
+++ b/reuters/training/12283
@@ -0,0 +1,7 @@
+BANKAMERICA SAYS 1ST QTR NET TO BE CUT BY 40 MLN DLRS DUE
+TO BRAZILIAN LOANS
+
+  BANKAMERICA SAYS 1ST QTR NET TO BE CUT BY 40 MLN DLRS DUE
+  TO BRAZILIAN LOANS
+  
+
diff --git a/reuters/training/12285 b/reuters/training/12285
new file mode 100644
index 0000000000000000000000000000000000000000..09b1772456477f47b9dff4b4905710dabcf60706
--- /dev/null
+++ b/reuters/training/12285
@@ -0,0 +1,7 @@
+BANKAMERICA SAYS IT EXPECTS TO REPORT A PROFIT FOR
+FIRST-QUARTER 1987
+
+  BANKAMERICA SAYS IT EXPECTS TO REPORT A PROFIT FOR
+  FIRST-QUARTER 1987
+  
+
diff --git a/reuters/training/12286 b/reuters/training/12286
new file mode 100644
index 0000000000000000000000000000000000000000..25388241c0d39a52e10303d08f99a8731450cb55
--- /dev/null
+++ b/reuters/training/12286
@@ -0,0 +1,18 @@
+MOBIL <MOB> RAISES WEST COAST CRUDE POSTINGS
+  Mobil Corp said it raised its west
+  coast crude postings, effective today.
+      The Buena Vista light grade, at 26 degrees api gravity, was
+  raised 1.35 dlrs a barrel to 15.55 dlrs/bbl, while the
+  Huntington Beach light grade, at 16 degrees, was raised about
+  1.75 dlrs/bbl to 14.10 dlrs/bbl.
+      The heavier Wilmington grade, at 17 degrees, was increased
+  1.20 dlrs to 14.30 dlrs/bbl. Kern River crude, at 13 degrees,
+  was increased 1.00 dlr to 13.00 dlrs/bbl.
+       Mobil also said that effective today it changed its
+  gravity adjustment scale as follows: From 20 degrees to 34
+  degrees API, Mobil will adjust its price 0.015 of a ct per
+  one-tenth of an API degree. Below 20 degrees API, the company
+  will adjust its price 0.020 ct per one-tenth of a degree. Crude
+  grades from 34 degrees API to above 40 degrees are unaffected.
+  
+
diff --git a/reuters/training/12288 b/reuters/training/12288
new file mode 100644
index 0000000000000000000000000000000000000000..6b23f7b8f41ec6031c426f54c167a2afe66d6d4b
--- /dev/null
+++ b/reuters/training/12288
@@ -0,0 +1,7 @@
+STRAWBRIDGE <STRW> DECLARES STOCK DIVIDEND
+  Strawbridge and Clothier said its
+  board declared a seven pct stock dividend, payable May 14 to
+  holders of record April 14.
+      Earlier, the company reported net income of 20.7 mln dlrs.
+  
+
diff --git a/reuters/training/1229 b/reuters/training/1229
new file mode 100644
index 0000000000000000000000000000000000000000..dc06594d6a2d4073f7b3f0971cafe113482314ef
--- /dev/null
+++ b/reuters/training/1229
@@ -0,0 +1,12 @@
+UNITED COS FINANCIAL CORP <UNCF> 4TH QTR NET
+  Shr 68 cts vs 78 cts
+      Net 2,432,179 vs 2,236,471
+      Revs 50.8 mln vs 35.1 mln
+      Avg shrs 3,600,000 vs 2,850,000
+      Year
+      Shr 2.82 dlrs vs 3.35 dlrs
+      Net 10.0 mln vs 9,554,658
+      Revs 177.5 mln vs 138.1 mln
+      Avg shrs 3,567,123 vs 2,850,000
+  
+
diff --git a/reuters/training/12293 b/reuters/training/12293
new file mode 100644
index 0000000000000000000000000000000000000000..2365ebdf5b45b9229e990cf4c5ef6a59ad495e36
--- /dev/null
+++ b/reuters/training/12293
@@ -0,0 +1,7 @@
+LAIDLAW DECLARES THREE FOR TWO SPLIT, BOOSTS PAYOUT to
+5-1/4 CTS/SHR FROM FOUR CTS
+
+  LAIDLAW DECLARES THREE FOR TWO SPLIT, BOOSTS PAYOUT to
+  5-1/4 CTS/SHR FROM FOUR CTS
+  
+
diff --git a/reuters/training/12294 b/reuters/training/12294
new file mode 100644
index 0000000000000000000000000000000000000000..ffda075407517646c08c83274e155449c54d04bd
--- /dev/null
+++ b/reuters/training/12294
@@ -0,0 +1,12 @@
+TRANSDUCER SYSTEMS INC YEAR
+  Shr profit 12 cts vs loss 49 cts
+      Net profit 117,000 vs loss 506,000
+      Revs 1.1 mln vs 1.2 mln
+      Year
+      Shr profit seven cts vs loss 89 cts
+      Net profit 66,000 vs loss 921,000
+      Revs 4.4 mln vs 3.9 mln
+      NOTE:1986 reflects tax benefit of 24,000. 1985 reflects tax
+  benefit of 186,000 for quarter and 573,000 for year.
+  
+
diff --git a/reuters/training/12296 b/reuters/training/12296
new file mode 100644
index 0000000000000000000000000000000000000000..cc705e045ce43fdf384a37bc156270b364a91e0e
--- /dev/null
+++ b/reuters/training/12296
@@ -0,0 +1,12 @@
+LAIDLAW TRANSPORTATION LTD <LDMFA> 2ND QTR NET
+  period ended February 28
+      Shr 26 cts vs 14 cts
+      Net 28.4 mln vs 15.2 mln
+      Revs 305.7 mln vs 179.6 mln
+      Six mths
+      Shr 50 cts vs 28 cts
+      Net 54.6 mln vs 30.3 mln
+      Revs 586.2 mln vs 359.8 mln
+      Avg shrs 100,362,000 vs 91,360,000
+  
+
diff --git a/reuters/training/12298 b/reuters/training/12298
new file mode 100644
index 0000000000000000000000000000000000000000..8fc8a47c15a9f1138493a1ce6eb6bf69968e96df
--- /dev/null
+++ b/reuters/training/12298
@@ -0,0 +1,10 @@
+CENTURY BUSINESS CREDIT <CTY> GETS OFFER
+  Century Business Credit Corp said it
+  received an offer from Stanley Tananbaum, chairman and chief
+  executive officer, to take the company private in a transaction
+  giveing shareholders 24.40 dlrs per share in cash.
+      There were 603,106 shares outstanding as of December 31.
+      The independent directors said they will engage an expert
+  to evaluate the fairness of the offer.
+  
+
diff --git a/reuters/training/123 b/reuters/training/123
new file mode 100644
index 0000000000000000000000000000000000000000..0d29061d62e7b300c1674bc91e2f16ce46338898
--- /dev/null
+++ b/reuters/training/123
@@ -0,0 +1,16 @@
+IVACO SEES MINIMAL FIRST QUARTER EARNINGS
+  (Ivaco Inc) said price pressure on steel
+  products, particularly in the U.S., and the recent increase in
+  the value of the Canadian dollar is expected to result in
+  "minimal" first quarter earnings.
+      It said subsequent quarters should show substantial
+  improvement from first quarter levels but 1987 earnings will
+  not reach 1986 levels as long as those conditions continue.
+       Ivaco earlier reported 1986 profit rose to 44.1 mln dlrs,
+  after a one mln dlr extraordinary gain, from 35.1 mln dlrs the
+  previous year. It said demand for the company's products are
+  continuing at high levels and sales are expected to show
+  further growth. Revenues last year rose to 1.94 billion dlrs
+  from 1.34 billion dlrs in 1985.       
+  
+
diff --git a/reuters/training/12301 b/reuters/training/12301
new file mode 100644
index 0000000000000000000000000000000000000000..e9fe79695f748ffd7db4d6e87aa7501474ff507c
--- /dev/null
+++ b/reuters/training/12301
@@ -0,0 +1,11 @@
+LAIDLAW <LDMFA> SPLITS STOCK, HIKES PAYOUT
+  Three for two stock split
+      Pay and record date subject to shareholder confirmation May
+  four
+      Qtly dividend 5-1/4 cts vs four cts
+      Pay May 15
+      Record May one
+      Note: dividends declared on pre-split shares.
+      Laidlaw Transportation Ltd
+  
+
diff --git a/reuters/training/12302 b/reuters/training/12302
new file mode 100644
index 0000000000000000000000000000000000000000..fc5a1eec5fd313a4ca16497a2c8598920b3f5def
--- /dev/null
+++ b/reuters/training/12302
@@ -0,0 +1,7 @@
+SECURITY PACIFIC, PROVIDENT NATIONAL LIFT PRIME
+  Security Pacific National Bank and
+  Provident National Bank said they increased their prime lending
+  rates a quarter point to 7-3/4 pct.
+      They said the move is effective immediately.
+  
+
diff --git a/reuters/training/12303 b/reuters/training/12303
new file mode 100644
index 0000000000000000000000000000000000000000..d5f0e71f85a044025c3cd978c269afe80a88493e
--- /dev/null
+++ b/reuters/training/12303
@@ -0,0 +1,7 @@
+J.P. MORGAN SAYS BRAZIL ACTION WILL REDUCE FIRST QUARTER
+NET BY ABOUT 20 MLN DLRS
+
+  J.P. MORGAN SAYS BRAZIL ACTION WILL REDUCE FIRST QUARTER
+  NET BY ABOUT 20 MLN DLRS
+  
+
diff --git a/reuters/training/12304 b/reuters/training/12304
new file mode 100644
index 0000000000000000000000000000000000000000..0af87d176a1cf919845843930d16dc362c6db379
--- /dev/null
+++ b/reuters/training/12304
@@ -0,0 +1,6 @@
+HOUSTON INDUSTRIES INC <HII> INCREASES DIV
+  Qtly div 72 cts vs 70 cts prior
+      Payable June 10
+      Record May 15
+  
+
diff --git a/reuters/training/12305 b/reuters/training/12305
new file mode 100644
index 0000000000000000000000000000000000000000..33adf17ccd490336bd576eabf69fba8334161283
--- /dev/null
+++ b/reuters/training/12305
@@ -0,0 +1,23 @@
+EMERY <EAF> PLANS PUROLATOR <PCC> ASSET SALES
+  Emery Air Frieght Corp, which has
+  launched a 40 dlr a share tender offer for 83 pct of Purolator
+  Courier Corp, said it would sell some Purolator assets to help
+  pay the estimated 265 mln dlr cost of the stock purchase deal.
+      In a filing with the Securities and Exchange Commission,
+  Emery said it would sell or lease Purolator's air hub in
+  Indianapolis, Ind., which is currently under construction, and
+  would divest Purolator's Stant Inc subsidiary.
+      No indications of interest for the assets have been
+  received so far, Emery said.
+      Emery said it would operate Purolator as a subsidiary if it
+  succeeded in the takever, but would integrate its air hub.
+      It said it plans to finance its stock purchases with
+  borrowings from Chemical Bank, Morgan Guaranty Trust Co of New
+  York, Bankers Trust Co and Salomon Brothers Holding Co Inc, the
+  parent of Salmon Brothers Inc, Emery's financial advisor.
+      Emery said it already has a commitment letter from its
+  banks for up to 129.9 mln dlrs for the stock purchases. An
+  unspecified amount of internally generated funds would also be
+  used for the stock purchases, it added.
+  
+
diff --git a/reuters/training/12306 b/reuters/training/12306
new file mode 100644
index 0000000000000000000000000000000000000000..19cdd92a788df1d017cbc00b2a4bed707b291a75
--- /dev/null
+++ b/reuters/training/12306
@@ -0,0 +1,15 @@
+CENTURY BUSINESS CREDIT CORP <CTY> 4TH QTR
+  Shr 39 cts vs 31 cts
+      Net 232,991 vs 198,185
+      Revs 2.9 mln vs 2.3 mln
+      Year
+      Shr 2.20 dlrs vs 1.12 dlrs
+      Net 1.3 mln vs 715,113
+      Revs 11.3 mln vs 10.1 mln
+      NOTE:1986 revs includes 260,000 dlr finder's fee , net
+  includes 112,000 gain from sale of securities, 115,000
+  dividends, 78,000 dlrs from lease recalculations.
+      1985 revs includes 700,000 finder's fee and 75,000 gain
+  from sale of asset.
+  
+
diff --git a/reuters/training/12309 b/reuters/training/12309
new file mode 100644
index 0000000000000000000000000000000000000000..337f551b14e96ceb8e1f8791081819ae2f2715c7
--- /dev/null
+++ b/reuters/training/12309
@@ -0,0 +1,12 @@
+IC INDUSTRIES<ICX> UNIT TO SELL OFF MORE TRACK
+  Illinois Central Gulf Railroad, a
+  subsidiary of IC Industries Inc, said it will complete the sale
+  to the Chicago, Missouri and Western Railway of its 631-mile
+  line from Joliet, Ill., to St. Louis by April 30.
+      The Chicago, Missouri is a wholly owned subsidiary of the
+  Venango River Corp, a transportation holding company.
+      It said the purchase price of the line is 81 mln dlrs.
+      The Chicago, Missouri will employ 625 workers and start
+  operation immediately upon closing of the transaction.
+  
+
diff --git a/reuters/training/12311 b/reuters/training/12311
new file mode 100644
index 0000000000000000000000000000000000000000..8ef3bafd01e3cbf7620c65ed5be973ea5bf71917
--- /dev/null
+++ b/reuters/training/12311
@@ -0,0 +1,15 @@
+STRONG DEMAND FOR U.S. CORN IN JAPAN -- USDA
+  Japan appears to be relying less on
+  corn from China, Argentina and South Africa and more on
+  supplies from the United States, the U.S. Agriculture
+  Department said.
+      In its World Production and Trade report, the department
+  said in the past seven weeks reported U.S. corn sales of nearly
+  three mln tonnes to Japan are about three times the level
+  during this period last year.
+      Reports of short Argentine supplies and the apparent
+  unwillingness of the Chinese to sell at current world prices
+  may have caused Japanese buyers to turn to the United States
+  for corn supplies, the department said.
+  
+
diff --git a/reuters/training/12312 b/reuters/training/12312
new file mode 100644
index 0000000000000000000000000000000000000000..f11e9e87614b46aca05cb59dd2f34c22273f997f
--- /dev/null
+++ b/reuters/training/12312
@@ -0,0 +1,7 @@
+BRITISH PETROLEUM RAISES NORTH SEA BUTANE PRICES BY 15.50
+DLRS A TONNE TODAY
+
+  BRITISH PETROLEUM RAISES NORTH SEA BUTANE PRICES BY 15.50
+  DLRS A TONNE TODAY
+  
+
diff --git a/reuters/training/12313 b/reuters/training/12313
new file mode 100644
index 0000000000000000000000000000000000000000..ffabe23acb15d7a5802fcfd2432d2cbe21daa39e
--- /dev/null
+++ b/reuters/training/12313
@@ -0,0 +1,8 @@
+BP <BP> RAISES NORTH SEA BUTANE PRICES
+  British Petroleum Co plc said it raised
+  its posted butane prices by 15.50 dlrs per tonne to 123 dlrs,
+  fob north sea, effective today.
+      Posted propane prices were unchanged at 110 dlrs per tonne,
+  the company said.
+  
+
diff --git a/reuters/training/12315 b/reuters/training/12315
new file mode 100644
index 0000000000000000000000000000000000000000..20383980bc6af37018279ad04c7754f0136ba506
--- /dev/null
+++ b/reuters/training/12315
@@ -0,0 +1,13 @@
+ATLANTIC TO RAISE HIGH SULPHUR FUEL PRICES
+  Atlantic Fuels Marketing Corp said
+  today it will raise the posted cargo prices for high sulphur
+  fuels in New York Harbor 50 to 75 cts per barrel, effective
+  April two.
+      The increase brings the prices for two pct sulphur to 19.25
+  dlrs, up 50 cts, 2.2 pct sulphur to 18.75 dlrs, up 50 cts, 2.5
+  pct sulphur to 18.50 dlrs, up 50 cts, 2.8 pct sulphur to 18.25
+  dlrs, up 75 cts, the company said.
+      Posted prices for 0.3 pct and one pct low sulphur fuels
+  were unchanged at 22 and 20 dlrs, it said.
+  
+
diff --git a/reuters/training/12316 b/reuters/training/12316
new file mode 100644
index 0000000000000000000000000000000000000000..45293ec72b25dce1fa6d2d99c3b64f510dd8de33
--- /dev/null
+++ b/reuters/training/12316
@@ -0,0 +1,7 @@
+FIRST NATIONAL BANK OF BOSTON <BKB> RAISES PRIME
+  The First National Bank of Boston, the
+  main banking unit of Bank of Boston, said it is raising its
+  prime lending rate to 7.75 pct from 7.50 pct, effective
+  immediately.
+  
+
diff --git a/reuters/training/12317 b/reuters/training/12317
new file mode 100644
index 0000000000000000000000000000000000000000..438ccedf693dd1469811c0f07145de45f3cc533d
--- /dev/null
+++ b/reuters/training/12317
@@ -0,0 +1,17 @@
+GENCORP TAKES NO ACTION ON STOCK DIVIDEND
+  Gencorp Inc said its board took no
+  action with respect to a two pct stock dividend at its annual
+  meeting yesterday due to the press of other business,
+  specifically the company's pending takeover offer by General
+  Acquisition Corp, formed by AFG industries inc and Wagner and
+  brown.
+      A spokesman said the two pct stock dividend, normally
+  issued everly year, was not issued in February because the
+  company was examining other dividend alternatives. Management
+  said it would give consideration to this matter at a later
+  time.
+     Yesterday, the company's chairman, A. William Reynolds, told
+  shareholders he would be presenting an alternative to the 100
+  dlrs a share takeover offer within a week.
+  
+
diff --git a/reuters/training/12318 b/reuters/training/12318
new file mode 100644
index 0000000000000000000000000000000000000000..105da68a0aa54d384aafde3f33bc5ca359d0a9a8
--- /dev/null
+++ b/reuters/training/12318
@@ -0,0 +1,25 @@
+MORGAN <JPM> PLACES BRAZIL LOANS ON NONACCRUAL
+  J.P. Morgan and Co Inc, parent of
+  Morgan Guaranty Trust Co of New York, said that it will place
+  1.3 billion dlrs of medium- and long-term loans to Brazil on a
+  non-accrual basis, matching similar action by BankAmerica Corp
+  <BAC> earlier today.
+      The move, which follows Brazil's suspension of interest
+  payments on 68 billion dlrs of commercial bank debt on February
+  20, is expected to reduce first quarter net income by about 20
+  mln dlrs, of which four mln dlrs represents interest accrued
+  prior to 1987 but still uncollected, the bank said.
+      Morgan earned 233.9 mln dlrs in the first quarter of 1986.
+      Morgan also said that, based on current interest rates and
+  assuming cash interest payments are not received for the rest
+  of the year, 1987 net income would be reduced by about 72 mln
+  dlrs. 1986 net income was 872.5 mln dlrs.
+      Although U.S. banks do not have to put loans on nonaccrual
+  until they are over 90 days past due, Morgan said some of the
+  loans affected by the Brazil payment freeze may reach the
+  90-day limit during the second and third quarters.
+      Morgan said it assumes talks between Brazil and commercial
+  bank lenders will proceed "expeditiously" and interest payments
+  will resume at the earliest practicable date.
+  
+
diff --git a/reuters/training/12321 b/reuters/training/12321
new file mode 100644
index 0000000000000000000000000000000000000000..5ff0b4cb5a3c30c3c39fc1edbe2488b2ddeda74f
--- /dev/null
+++ b/reuters/training/12321
@@ -0,0 +1,11 @@
+GOULD <GLD> COMPLETES SALE OF DIVISION
+  Gould Inc said it has
+  completed the sale of its Systems and Simulations Division to
+  the unit's management for an undisclosed price.
+      Gould said the move is part of its plan to divest its
+  defense systems businesses and focus on its computer and
+  electronics sectors.
+      Gould added that it accounted for the division as a
+  discontinued operation.
+  
+
diff --git a/reuters/training/12323 b/reuters/training/12323
new file mode 100644
index 0000000000000000000000000000000000000000..6d2e0a45c3e5f9dea04a8e6800adcb472e84dff4
--- /dev/null
+++ b/reuters/training/12323
@@ -0,0 +1,21 @@
+FRENCH SUBSIDIZED CORN FOR TUNISIA/MOROCCO-USDA
+  U.S. corn sales to Tunisia, Morocco
+  and other North African countries may face increased
+  competition from European Community (EC) corn sales, the U.S.
+  Agriculture Department said.
+      In its World Production and Trade report, the USDA said
+  sales of French corn for nearby delivery have been confirmed
+  with an export subsidy of about 145 dlrs per tonne, bringing
+  the French price to about 72 dlrs per tonne, FOB.
+      While this is about the same price as U.S. corn, EC corn
+  has lower transport costs, the department noted.
+      The French sales mark the beginning of commercial EC corn
+  exports which could reach 750,000 tonnes to North Africa and
+  the Middle East, areas which have traditionally purchased their
+  corn needs from the United States, the department said.
+      Department officials said the 750,000 tonnes of exports are
+  for the year up to September 30 1987.
+      They said export licenses for about 500,000 tonnes have
+  been issued so far.
+  
+
diff --git a/reuters/training/12325 b/reuters/training/12325
new file mode 100644
index 0000000000000000000000000000000000000000..435bb297b4cfe371b9c7aaa3861a8b6a61bcdabc
--- /dev/null
+++ b/reuters/training/12325
@@ -0,0 +1,14 @@
+NEW ZEALAND MAY BUY U.S. WHEAT -- USDA
+  New Zealand may need about 100,000
+  tonnes of wheat this year, which would normally come from
+  Australia, but may be from the United States, the U.S.
+  Agriculture Department said.
+      In its report on Export Markets for U.S. Grains, the
+  department said with the deregulation of the New Zealand Wheat
+  Board, which normally imports wheat from Australia, there is
+  the possibility of wheat purchases from the united states since
+  the shipping cost between New Zealand and the Eastern Coast of
+  Australia and the West Coast of the United States are about
+  equal.
+  
+
diff --git a/reuters/training/12327 b/reuters/training/12327
new file mode 100644
index 0000000000000000000000000000000000000000..35ed621610a7f1dfb8c8cf6a8a1267b63a9900c2
--- /dev/null
+++ b/reuters/training/12327
@@ -0,0 +1,6 @@
+GRAIN SHIPS LOADING AT PORTLAND
+  There were five grain ships loading and
+  three ships were waiting to load at Portland, according to the
+  Portland Merchants Exchange.
+  
+
diff --git a/reuters/training/12331 b/reuters/training/12331
new file mode 100644
index 0000000000000000000000000000000000000000..c2d06357aba2beeaa6487d56f07da4c54e4475da
--- /dev/null
+++ b/reuters/training/12331
@@ -0,0 +1,12 @@
+FRENCH FIRM HAS FIVE PCT OF CALIF. WATER <CWTR>
+  Compagnie Generale Des Eaux
+  <EAUG.PA>, a French water, waste treatment and disposal,
+  heating, ventilation and air conditioning concern said it has a
+  5.0 pct stake in California Water Service Co.
+      In a filing with the Securities and Exchange Commission,
+  Compagnie Generale said it bought its 139,200 California Water
+  shares for a total of 7.0 mln dlrs for investment purposes.
+      While it said it might acquire more shares in the company,
+  it said it has no plans to seek control of it.
+  
+
diff --git a/reuters/training/12332 b/reuters/training/12332
new file mode 100644
index 0000000000000000000000000000000000000000..0139d575197a082a39b2ce4b1f7dded93521fa10
--- /dev/null
+++ b/reuters/training/12332
@@ -0,0 +1,17 @@
+USDA REPORT ON CATTLE SLAUGHTER, MEAT PURCHASES
+  The U.S. Agriculture Department said
+  an estimated 8,700 head of dairy cattle were slaughtered during
+  the week ending March 13 as a result of the Whole Herd Dairy
+  Buyout program.
+      The cumulative total of cattle slaughtered under the
+  program from April 1 through March 13 is estimated at 1,032,300
+  head, it said.
+      Cumulative meat purchases through March 27 total
+  376,897,330 lbs, the department said.
+      Dairy cattle reported for export under the program for the
+  period April 1 through March 27 totaled an estimated 55,055
+  head, the department said.
+      Live cattle exports are in addition to the meat purchase
+  requirements, the department said.
+  
+
diff --git a/reuters/training/12333 b/reuters/training/12333
new file mode 100644
index 0000000000000000000000000000000000000000..dafe84ffebd62b9f0d01a55e18f3d72f978c79e0
--- /dev/null
+++ b/reuters/training/12333
@@ -0,0 +1,22 @@
+MAJOR U.S. BANKS MOVE TO HIGHER 7-3/4 PCT PRIME
+  Most major U.S. banks today matched
+  Tuesday's quarter-point prime rate cuts by Citibank and Chase
+  Manhattan Bank, the first prime rate boosts since mid-1984.
+      Most cited narrower spreads between the prime and funding
+  costs as justification. Analysts said the prime rate rises may
+  have been triggered partly by a desire by banks to enhance
+  profit margins given problems with developing country loans. 
+      Commenting on the prime rate increases, U.S. Treasury
+  Secretary James Baker told a House Appropriations Committee
+  that "I hope it was a temporary blip upward."
+      Among the major banks which today announced prime rate
+  increases to 7-3/4 pct were Bankers Trust, Chemical Bank,
+  Continental Illinois National Bank, Harris Trust and Savings
+  Bank, Irving Trust, Manufacturers Hanover Trust Co, Marine
+  Midland, and Security Pacific National Bank.
+      Other banking companies announcing prime rate rises
+  included Pittsburgh National Bank, Texas Commerce Bank-Houston,
+  Provident National Bank, First National Bank of Boston, Florida
+  Federal Savings and Loan Association, and SunTrust Banks.
+  
+
diff --git a/reuters/training/12334 b/reuters/training/12334
new file mode 100644
index 0000000000000000000000000000000000000000..0c39b6bf7d39274351cc48892bcd850b9564b5e4
--- /dev/null
+++ b/reuters/training/12334
@@ -0,0 +1,10 @@
+JEM RECORD INC <JEMR> 2ND QTR JAN 31
+  Shr three cts vs seven cts
+      Net 52.1 mln vs 112,713
+      Revs 5.1 mln vs 4.4 mln
+      Six months
+      Shr five cts vs 15 cts
+      Net 75,605 vs 244,119
+      Revs 9.5 mln vs 9.5 mln
+  
+
diff --git a/reuters/training/12336 b/reuters/training/12336
new file mode 100644
index 0000000000000000000000000000000000000000..504be775246de8e6c646ad6e8e77e186dec1025f
--- /dev/null
+++ b/reuters/training/12336
@@ -0,0 +1,6 @@
+UNION BANK RAISES ITS PRIME RATE TO 7.5 PCT
+  The Union Bank subsidiary of
+  Standard Chartered PLC said today it was raising its prime
+  lending rate to 7.75 pct from 7.50 pct, effective immediately.
+  
+
diff --git a/reuters/training/12337 b/reuters/training/12337
new file mode 100644
index 0000000000000000000000000000000000000000..b6f70b4e6070cce0fcf1eab604eb89195a26e890
--- /dev/null
+++ b/reuters/training/12337
@@ -0,0 +1,54 @@
+FURTHER DECLINES IN U.S. DEBT FUTURES POSSIBLE
+  After an already steep fall in the past
+  week, U.S. interest rate futures may be in for further declines
+  in the near term, financial analysts said.
+      However, some analysts said recent sharp losses in bond
+  futures have left the bond market somewhat oversold, and the
+  contracts on long-term debt could stage a recovery before
+  resuming their decline.
+      Key to the near-term direction of futures will be the
+  course of the dollar, they said.
+      "As the dollar goes, so goes the bond market," said Dean
+  Witter analyst Karen Gibbs.
+      The recent decline in the dollar, which hit a 40-year low
+  against the Japanese yen Monday, was reversed Wednesday when
+  several large U.S. money center banks unexpectedly raised their
+  prime lending rates by a quarter point, to 7-3/4 pct.
+      "Even though the prime rate cut was good for the dollar,
+  foreign exchange traders are not convinced the dollar decline
+  is over," Gibbs said.
+      The dollar decline was key in recent weakness in debt
+  futures as it rekindled concern about a pickup in inflation.
+      Indeed, the falling dollar may have been a key topic at the
+  meeting of the Federal Reserve's policy making arm, the Federal
+  Open Market Committee, this week, analysts said.
+      "To the Fed, the combination of a falling dollar, a
+  steepening yield curve, and rising commodity prices look
+  suspiciously like the traces of expectations of accelerating
+  inflation," said Denis Karnosky, analyst at Carroll, McEntee
+  and McGinley Inc.
+      Such expectations could mean that "a shift in policy toward
+  restriction of bank reserves is likely to get very serious
+  consideration," at the FOMC meeting, he said.
+      Any such restriction of reserves will not be a highly
+  visible form of monetary tightening, Karnosky said.
+      Rather, the key to detecting a change will be found in
+  seasonal and adjustment borrowing at the discount window, he
+  said. Borrowings have held near a weekly average of 300 mln
+  dlrs over the past several months, he said.
+      In the meantime, however, "the market looks a bit
+  oversold," said Jim Wysoglad, analyst at Golden Gate Futures.
+      Wysoglad said a recovery from the oversold condition could
+  drive June bonds to a high near 99 before falling back to test
+  chart support near the recent low of 97-13/32.
+      Technician Leslie Keefe of Technical Data Corp of Boston
+  said that the key test for June bonds will be whether the
+  nearby contract holds above chart support at 96-24/32.
+      "All previous selloffs since mid-November have stopped and
+  buyers have surfaced at that level," Keefe said.
+      If that level is broken, and the dollar continues to
+  decline, Keefe said she expects the June bond contract to
+  decline to test support between 92 and 93, the primary uptrend
+  line dating back to 1984.
+  
+
diff --git a/reuters/training/12338 b/reuters/training/12338
new file mode 100644
index 0000000000000000000000000000000000000000..15069072da8ce451ccd7e3afb6e87e143c6cd6e0
--- /dev/null
+++ b/reuters/training/12338
@@ -0,0 +1,14 @@
+USDA GRAIN INSPECTION ADVISORY COMMITTEE MEETING
+  The Federal Grain Inspection Service
+  Advisory Committee will meet here Monday, April 13, the U.S.
+  Agriculture Department said.
+      Items on the agenda for the meeting, which is scheduled to
+  begin at 0830 edt, are grain-quality issues, status of proposed
+  regulations, financial matters and safety matters, the
+  department said.
+      The Federal Grain Inspection Service Advisory Committee is
+  composed of 12 members representing the grain industry who
+  provide advice to the administrator of the Federal Grain
+  Inspection Service.
+  
+
diff --git a/reuters/training/12339 b/reuters/training/12339
new file mode 100644
index 0000000000000000000000000000000000000000..c06bb266d74879e58589b93c70cfea965bcda14e
--- /dev/null
+++ b/reuters/training/12339
@@ -0,0 +1,14 @@
+DEAK BUYS JOHNSON MATTHEY COMMODITIES
+  Deak International, a foreign currency
+  and precious metals firm, announced the acquisition of Johnson
+  Matthey Commodities of New York from Minories Finance Limited,
+  a unit of the Bank of England.
+      The purchase valued at 14.8 mln dlrs follows the recent
+  acquisition of London's Johnson Matthey Commodities Limited,
+  Deak said. The New York firm will be known as Deak
+  International Trading Ltd, the company said. Arkadi Kuhlmann,
+  president and chief executive officer of Deak International,
+  said the purchase will expand Deak's operations in precious
+  metals and wholesale non-ferrous metals trading.
+  
+
diff --git a/reuters/training/1234 b/reuters/training/1234
new file mode 100644
index 0000000000000000000000000000000000000000..1b2b67723d5a2e2e118218902cd5670c46d3ddf5
--- /dev/null
+++ b/reuters/training/1234
@@ -0,0 +1,6 @@
+BRISTOL-MYERS CO <BMY> SETS QUARTERLY
+  Qtly div 70 cts vs 70 cts prior
+      Pay May One
+      Record April Three
+  
+
diff --git a/reuters/training/12340 b/reuters/training/12340
new file mode 100644
index 0000000000000000000000000000000000000000..d5e2d773f24e01b60242d72fe157c32ff38b2444
--- /dev/null
+++ b/reuters/training/12340
@@ -0,0 +1,45 @@
+COFFEE FUTURES AT SIX-YEAR LOW, UNDER 1 DLR/LB
+  Coffee futures dipped further today and
+  closed below 1 dlr a pound for the first time in six years.
+      Coffee for delivery in May ended at 99.28 cents a pound on
+  the Coffee, Sugar and Cocoa Exchange, down 0.76 cent and the
+  lowest price since August, 1981.
+       Prices have been falling steadily since the International
+  Coffee Organization failed in February to reach an agreement
+  controlling exports by its members, and pressure was renewed
+  this week as the executive board of the organization met in
+  London without reopening debate on its export quotas.
+      The executive board has limited its current discussions to
+  administrative matters and is set to adourn Thursday.
+      Burdensome supplies have pressed the market down from 1.30
+  dlr a pound in February, when the organization's discussions
+  aimed at re-establishing export quotas broke down.
+      Sandra Kaul, a coffee analyst in New York with Shearson
+  Lehman Brothers, said supplies currently are at their high
+  point for the year because most producing nations have just
+  completed their harvests.
+      In addition, she said, many of those nations are faced with
+  serious debt and need to sell coffee to raise capital.
+      "This should keep substantial pressure on exporters to
+  undertake sales despite the drop in prices," she said.
+      Further, U.S. demand could be sluggish because winter, the
+  period of greatest consumption, is ending. Prices could fall
+  another 10 cents to 15 cnts a pound, analysts said.
+      Gold futures retreated from modest early gains and closed
+  steady while silver prices rallied on the Commodity Exchange in
+  New York.
+      The increase in U.S. banks' prime rates prompted concern
+  about renewed inflation, but the strength of the U.S. dollar
+  discouraged new buying.
+      "The market is getting mixed signals and it doesn't know
+  which way to go," one analyst said.
+      Gold futures retreated from modest early gains and closed
+  steady while silver prices rallied on the Commodity Exchange in
+  New York.
+      The increase in U.S. banks' prime rates prompted concern
+  about renewed inflation, but the strength of the U.S. dollar
+  discouraged new buying.
+      "The market is getting mixed signals and it doesn't know
+  which way to go," one analyst said.
+  
+
diff --git a/reuters/training/12341 b/reuters/training/12341
new file mode 100644
index 0000000000000000000000000000000000000000..68605e19067b41cf3392a9816d485f6e48dd4f18
--- /dev/null
+++ b/reuters/training/12341
@@ -0,0 +1,13 @@
+BELDEN AND BLAKE ENERGY CO <BBE> 4TH QTR
+  Shr loss 1.92 dlrs vs profit five cts
+      Net loss 5.6 mln vs profit 136,598
+      Revs 1.4 mln vs. 2.5 mln
+      Year
+      Shr loss 3.81 dlrs vs profit 21 cts
+      Net loss 10.8 mln vs profit 435,176
+      Revs 7.6 mln vs 9.4 mln
+      NOTE:1986 4th qtr includes write-off of about 373,000 dlrs
+  or 13 cts and writdown of assets of 4.0 mln dlrs. 1986 year
+  includes 4.1 mln dlrs 1st qtr writedown.
+  
+
diff --git a/reuters/training/12344 b/reuters/training/12344
new file mode 100644
index 0000000000000000000000000000000000000000..549b6ca64de5c648550846c2797a442cc466640d
--- /dev/null
+++ b/reuters/training/12344
@@ -0,0 +1,12 @@
+CROWN RESOURCES <CRRS> PLANS ENERGY UNIT SALE
+  Crown Resources Corp said it plans to
+  sell its Oklahoma-based oil and gas unit as part of its
+  strategy to focus on developing precious metals properties.
+      The company said it bought the Wyona Water Flood Oil and
+  Gas unit in 1984 for 650,000 dlrs.
+      Crown said the Wyona field is fully developed with 28
+  producing wells.
+      Current oil production is 80 barrels a day, it said, adding
+  that no gas was produced for sale in 1986.
+  
+
diff --git a/reuters/training/12345 b/reuters/training/12345
new file mode 100644
index 0000000000000000000000000000000000000000..ff301b83ed271c4bd1530bfc535f097988c3ba17
--- /dev/null
+++ b/reuters/training/12345
@@ -0,0 +1,10 @@
+M.D.C. HOLDINGS <MDC> SELLS ENERGY UNIT
+  M.D.C. Holdings Inc said it sold
+  substantially all the assets of its oil and gas unit, Mizel
+  Petro Resources Inc, and affiliated partnerships, for 38 mln
+  dlrs in cash to <Parker and Parsley Petroleum Co>, Midland,
+  Texas.
+      The company said that, subject to certain post-closing
+  adjustments, it expects to post a small profit on the sale.
+  
+
diff --git a/reuters/training/12346 b/reuters/training/12346
new file mode 100644
index 0000000000000000000000000000000000000000..e5c38213af06def0cca1d908214d5c755b61361c
--- /dev/null
+++ b/reuters/training/12346
@@ -0,0 +1,8 @@
+LIVINGWELL INC <WELL> YEAR
+  Shr six cts vs three cts
+      Net 1.7 mln vs 3.1 mln
+      Revs 187.3 mln vs 129.7 mln
+      NOTE:Increase in earnings due to elimination of preferred
+  dividend requirements.
+  
+
diff --git a/reuters/training/12348 b/reuters/training/12348
new file mode 100644
index 0000000000000000000000000000000000000000..b7e3a4b6957894a3266e88d7a0dae8782894f92e
--- /dev/null
+++ b/reuters/training/12348
@@ -0,0 +1,10 @@
+MEXICO BUYS 51,000 TONNES U.S. SOYBEANS
+  Mexico bought 51,000 tonnes of U.S.
+  number two yellow soybeans in an overnight tender, for various
+  ocean and rail shipments in May, private export sources said.
+      About 40,000 tonnes sold for ocean shipment at prices
+  ranging from 199.67 to 210.17 dlrs per tonne, c and f, and
+  about 11,000 tonnes sold for rail shipment at prices from
+  205.50 to 217.88 dlrs per tonne, they said.
+  
+
diff --git a/reuters/training/12350 b/reuters/training/12350
new file mode 100644
index 0000000000000000000000000000000000000000..e00764e8c212cc1dab19b1bc3cbed40a518c9de9
--- /dev/null
+++ b/reuters/training/12350
@@ -0,0 +1,13 @@
+FIDELCOR <FICR> UNIT ACQUIRES LAZERE FINANCIAL
+  Fidelcor Inc's Fidelcor Business Credit
+  Corp subsidiary said it reached a definitive agreement to
+  acquire a substantial portion of the Bank of New England Corp's
+  <BKNE> Lazere Financial Corp's assets.
+      Terms of the acquisition were not disclosed. The
+  acquisition is subject to approval of the Federal Reserve
+  Board.
+      Fidelcor said it would acquire most of Lazere's loan
+  portfolio and other assets, including its Miami office. It said
+  it plans to hire the majority of Lazere's 100 employees.
+  
+
diff --git a/reuters/training/12351 b/reuters/training/12351
new file mode 100644
index 0000000000000000000000000000000000000000..68bcb34b4325ad6d6a56a431918a71310f25b340
--- /dev/null
+++ b/reuters/training/12351
@@ -0,0 +1,13 @@
+SUNSTATES CORP <SUST> 4TH QTR
+  Shr loss 3.51 dlrs vs loss 6.14 dlrs
+      Net loss 3.2 mln vs loss 6.6 mln
+      Year
+      Shr loss 2.38 dlrs vs loss 5.17 dlrs
+      Net loss 692,872 vs loss 4.5 mln
+      NOTE:1986 loss includes loss of 301,000 for discontinued
+  oeprations vs a loss of 5.5 mln dlrs net of a 1.4 mln credit in
+  1985. 1985 4th qtr includes loss of 3.5 mln dlrs for
+  discontinued operations. share amts relfect dividend
+  requirements.
+  
+
diff --git a/reuters/training/12352 b/reuters/training/12352
new file mode 100644
index 0000000000000000000000000000000000000000..0ef38a5a0382f9b06d3494f832c5bdf0a42aafa6
--- /dev/null
+++ b/reuters/training/12352
@@ -0,0 +1,6 @@
+<BII ENTERPRISES INC> YEAR NOV 30 NET
+  Shr 86 cts vs 79 cts
+      Net 4,042,000 vs 3,549,000
+      Revs 59.7 mln vs 47.3 mln
+  
+
diff --git a/reuters/training/12353 b/reuters/training/12353
new file mode 100644
index 0000000000000000000000000000000000000000..b56d69a9ce0a094434d846e704297ec5b5da4aee
--- /dev/null
+++ b/reuters/training/12353
@@ -0,0 +1,7 @@
+<SCOTTISH AND YORK HOLDINGS LTD> YEAR LOSS
+  Shr loss 27 cts vs loss 2.27 dlrs
+      Net profit 2,150,000 vs loss 14,700,000
+      Revs 121.3 mln vs 69.8 mln
+      Note: shr after payment of preferred stock dividends
+  
+
diff --git a/reuters/training/12355 b/reuters/training/12355
new file mode 100644
index 0000000000000000000000000000000000000000..f5a20e997421b4a52272dc57ccc16475724f9522
--- /dev/null
+++ b/reuters/training/12355
@@ -0,0 +1,57 @@
+COFFEE FUTURES UNDER DLR A POUND AT SIX-YEAR LOW
+  Coffee futures dipped further and closed
+  below one dlr a pound for the first time in six years.
+      Coffee for delivery in May ended at 99.28 cents a pound on
+  the New York Coffee, Sugar and Cocoa Exchange, down 0.76 cent
+  and the lowest price since August, 1981.
+       Prices have fallen steadily since the International Coffee
+  Organization failed in February to reach an agreement
+  controlling exports by its members, and pressure was renewed
+  this week as the executive board of the organization met in
+  London without reopening debate on its export quotas.
+      The executive board has limited its current discussions to
+  administrative matters and is set to adourn Thursday.
+      Burdensome supplies have pressed the market down from 1.30
+  dlrs a pound in February, when the organization's discussions
+  aimed at re-establishing export quotas broke down.
+      Sandra Kaul, a coffee analyst in New York with Shearson
+  Lehman Brothers, said supplies currently are at their high
+  point for the year because most producing nations have just
+  completed their harvests.
+      In addition, she said, many of those nations are faced with
+  serious debt and need to sell coffee to raise capital.
+      "This should keep substantial pressure on exporters to
+  undertake sales despite the drop in prices," she said.
+      Further, U.S. demand could be sluggish because winter, the
+  period of greatest consumption, is ending. Prices could fall
+  another 10 to 15 cents a pound, analysts said.
+      Gold futures retreated from modest early gains and closed
+  steady while silver prices rallied on the Commodity Exchange in
+  New York.
+      The increase in U.S. banks' prime rates prompted concern
+  about renewed inflation but the strength of the U.S. dollar
+  discouraged new buying.
+      "The market is getting mixed signals and it doesn't know
+  which way to go," one analyst said.
+      Cattle futures posted new highs on the Chicago Mercantile
+  Exchange, while live hogs rallied from early losses and frozen
+  pork bellies finished sharply lower.
+      Cattle prices continued to draw support from the winter
+  storm that swept the Plains states, leaving animals stranded in
+  snowbound fields and feed lots in miserable condition.
+      Live hogs were pressured early by the Agriculture
+  Department's report Tuesday that producers expanded their
+  breeding herds more than the market expected last quarter.
+  Prices recovered to keep pace with higher cash prices.
+      Frozen pork bellies fell sharply on the outlook for greater
+  production and closed with limit losses.
+      Soybean futures posted sharp gains on the Chicago Board of
+  Trade, while corn and wheat were lower.
+      Soybeans rallied in response to Tuesday's USDA report that
+  farmers intend to plant 56.9 mln acres this year, down from
+  61.5 mln planted last year.
+      Corn prices were pressured by the outlook for 67.6 mln
+  acres of corn, which is down from last year's 76.7 mln acres,
+  but was larger than analysts expected.
+  
+
diff --git a/reuters/training/12356 b/reuters/training/12356
new file mode 100644
index 0000000000000000000000000000000000000000..be232338daf562b61bd7a8d94bfc99768c4df2e6
--- /dev/null
+++ b/reuters/training/12356
@@ -0,0 +1,12 @@
+INVESTMENT ADVISORS HAVE 10 PCT OF KILLEARN<KPI>
+  Two executives of a Memphis, Tenn.,
+  investment advisory firm told the Securities and Exchange
+  Commission they have acquired 132,000 shares of Killearn
+  Properties Inc, or 10.4 pct of the total outstanding.
+      The executives, O. Mason Hawkins and William Reid, who work
+  for Southeastern Asset Management Inc, said they bought their
+  Killearn stock with personal funds as an investment.
+      While they said they might increase their stake Killearn
+  Properties, they said they have no plans to seek control of it.
+  
+
diff --git a/reuters/training/12361 b/reuters/training/12361
new file mode 100644
index 0000000000000000000000000000000000000000..fc30d783dc19692d00fb22b93c824be96a51f13f
--- /dev/null
+++ b/reuters/training/12361
@@ -0,0 +1,18 @@
+ARGENTINE GRAIN/OILSEED EXPORT PRICES ADJUSTED
+  The Argentine grain board adjusted
+  minimum export prices of grain and oilseed products in dlrs per
+  tonne FOB, previous in brackets, as follows:
+      Sunflowerseed cake and expellers 99 (97), pellets 97 (95)
+  and meal 95 (93).                               
+      Sunflowerseed oil for shipments through May 308 (300) and
+  June onwards 314 (307).                         
+      Linseed cake and expellers 137 (136), pellets 115 (114) and
+  meal 105 (104), all for shipments through June. 
+      Linseed cake and expellers 146 (145), pellets 124 (123) and
+  meal 114 (113), all for shipments July onwards.
+      Soybean cake and expellers 169 (167), pellets 162 (160) and
+  meal 152 (150), all for shipments through May.  
+      Soybean cake and expellers 166 (164), pellets 159 (157) and
+  meal 149 (147), all for shipments June onwards.
+  
+
diff --git a/reuters/training/12362 b/reuters/training/12362
new file mode 100644
index 0000000000000000000000000000000000000000..1f94c525557dc661f93197b32ae40492017efec0
--- /dev/null
+++ b/reuters/training/12362
@@ -0,0 +1,9 @@
+SAVOY INDUSTRIES INC <SAVO> YEAR
+  Shr loss 42 cts vs loss five cts
+      Net loss 4.0 mln vs loss 446,000
+      Revs 58.9 mln vs 70.3 mln
+      NOTE:1986 net includes gain of 40 cts from discontinued
+  operations. 1985 net includes gain of 22 cts from discontinued
+  operations.
+  
+
diff --git a/reuters/training/12364 b/reuters/training/12364
new file mode 100644
index 0000000000000000000000000000000000000000..8e601778b7de425caa5f4cccd41b52aa5a42e3a3
--- /dev/null
+++ b/reuters/training/12364
@@ -0,0 +1,8 @@
+AMERICAN HOIST AND DERRICK CO <AHO> 1ST QTR NET
+  Qtr ended March 14.
+      Shr profit 32 cts vs loss 1.30 dlrs
+      Net profit 2,704,000 vs loss 7,589,000
+      Rev 105.2 mln vs 82.3 mln
+      NOTE: Qtr net includes extraordinary gain of 1.1 mln dlrs.
+  
+
diff --git a/reuters/training/12366 b/reuters/training/12366
new file mode 100644
index 0000000000000000000000000000000000000000..15d6ceb575bf6341c75e1b4c21846a91ecf0829c
--- /dev/null
+++ b/reuters/training/12366
@@ -0,0 +1,3 @@
+ 1-APR-1987 17:39:30.41
+   1-APR-1987 17:39:30.41
+
diff --git a/reuters/training/12368 b/reuters/training/12368
new file mode 100644
index 0000000000000000000000000000000000000000..cae421bf64958e498b78cc02b67762b915f5190d
--- /dev/null
+++ b/reuters/training/12368
@@ -0,0 +1,14 @@
+AMERICAN BARRICK <ABX> SELLS COAL ASSETS
+  American Barrick Resources Corp said it
+  sold two coal supply agreements and certain mining equipment,
+  representing substantially all of the assets of its two Ohio
+  coal mines, to Peabody Coal Co, of Kentucky.
+      Terms were not disclosed.
+      Proceeds from the sale combined with the sale of the
+  company's remaining coal assets should result in full recovery
+  of its investments in the operations, the company said without
+  further elaborating.
+      The sale will complete the planned disposition by American
+  Barrick of all its non-gold assets, it said.
+  
+
diff --git a/reuters/training/12371 b/reuters/training/12371
new file mode 100644
index 0000000000000000000000000000000000000000..6d4332cc49b7d29ede5cc73a2614bcd3a1d8294b
--- /dev/null
+++ b/reuters/training/12371
@@ -0,0 +1,3 @@
+ 1-APR-1987 18:11:48.24
+   1-APR-1987 18:11:48.24
+
diff --git a/reuters/training/12372 b/reuters/training/12372
new file mode 100644
index 0000000000000000000000000000000000000000..4164a44dc2b51b69ad0716496f1b809ace71e059
--- /dev/null
+++ b/reuters/training/12372
@@ -0,0 +1,70 @@
+U.S. HOUSE PANEL EXTENDS EEP, URGES USSR OFFER
+  The U.S. House Agriculture Committee
+  approved proposals to extend the life of the Export Enhancement
+  Program, EEP, through fiscal 1990 and urged the Reagan
+  administration offer EEP wheat to the Soviet Union.
+      The proposals were approved as amendments to a
+  comprehensive trade bill moving through Congress this year.
+      In addition to the amendments on EEP, the committee
+  approved several proposals which could restrict imports of
+  lamb, casein, sugar-containing products and tobacco. Those
+  amendments affecting imports face an uncertain future because
+  the House Ways and Means Committee, which has overall
+  jurisdiction over trade legislation, will oppose them,
+  Congressional sources said.
+      The effect of the EEP amendments would be to extend the
+  life of the program five years through fiscal 1990 rather than
+  the current three years through fiscal 1988.
+      The amendments, offered by Rep. Dan Glickman, D-Kan., also
+  would increase funding for the program to 2.5 billion dlrs from
+  1.5 billion now.
+      Furthermore, the committee passed an amendment offered by
+  Rep. Glickman which instructs the U.S. Agriculture Department
+  to value EEP bonus commodities at market value, not acquisition
+  value. Glickman said the change would make the program 30 pct
+  less expensive to operate.
+      The provision on EEP wheat to the Soviet Union, offered by
+  Rep. Bob Smith, R-Ore., does not require the administration
+  make an offer, but urges such action.
+      The committee approved an amendment, offered by Rep. Glenn
+  English, D-Okla., requiring the Secretary of Agriculture to
+  begin discussions with other major grain producing countries
+  aimed at jointly reducing world grain production.
+      Trade Representative Clayton Yeutter yesterday opposed the
+  amendment, saying such commodity agreements do not work.
+      Among the host of amendments to restrict imports approved
+  by the panel, the most significant would require quotas on
+  imports of goods containing more than 25 pct of a bulk farm
+  product that is subject to U.S. quotas. The amendment, offered
+  by Rep. Arlan Stangeland, R-Minn., is aimed primarily at
+  curbing imports from Canada of products containing sugar and
+  foreign foods containing dairy products. It also may affect
+  peanut, cotton and tobacco imports, Committee sources said.
+      Another amendment would place a quota on U.S. imports of
+  casein, a dairy product shipped to the U.S. primarily by New
+  Zealand and Ireland.
+      The panel also voted to apply to lamb imports the same
+  countercyclical import quota law which is operating for U.S.
+  beef imports.
+      Other miscellaneous amendments included:
+      -- Urging the administration consider retaliating against
+  Japan and South Korea if those countries do not remove
+  restrictions on beef imports.
+      -- Boosting the amount of U.S. grain which must be shipped
+  each year under a food aid program called Section 416 to
+  800,000 tonnes from 500,000 tonnes now.
+      -- Requiring the Agriculture Secretary conduct a study of
+  the Canadian Wheat Board import licensing system for wheat to
+  determine if it is a non-tariff trade barrier.
+      -- Requiring the Agriculture Secretary reimburse the
+  National Corn Growers Association up to 500,000 dlrs for the
+  costs of defending the U.S. feedgrains program against a
+  Canadian countervailing duty case this year.
+      -- Urging the administration oppose the Canadian decision
+  to apply a duty on U.S. corn imports, and a proposal by the
+  European Community to apply a vegetable oils tax.
+      -- USDA conduct a study of the findings of a National
+  Commission on Agricultural Export Policy, which recommended a
+  reorganization of USDA's trade policy apparatus.
+  
+
diff --git a/reuters/training/12374 b/reuters/training/12374
new file mode 100644
index 0000000000000000000000000000000000000000..b8e326935a9815abf49edddbc50871b7bea564ae
--- /dev/null
+++ b/reuters/training/12374
@@ -0,0 +1,12 @@
+NOVAMIN BOARD TO RECOMMEND BREAKWATER <BWRLF> BID
+  <Novamin Inc> said
+  its board will recommend to shareholders the takeover offer
+  made by Breakwater Resources Ltd.
+      Breakwater is offering to exchange one Breakwater share for
+  each two shares of Novamin, the company said.
+      Breakwater will issue about 3.7 mln shares for all Novamin
+  shares presently issued and outstanding. Additional shraes of
+  Breakwater will be issued if warrants and options of Novamin
+  are exercised.
+  
+
diff --git a/reuters/training/12375 b/reuters/training/12375
new file mode 100644
index 0000000000000000000000000000000000000000..d7038cf43cd1d32d399d804311546e25496b48e9
--- /dev/null
+++ b/reuters/training/12375
@@ -0,0 +1,10 @@
+U.S. FEED SITUATION SUMMARY REPORT DELAYED
+  The U.S. Agriculture Department said
+  its summary report on the Feed Situation and Outlook, scheduled
+  for release April 24, has been delayed until May 15.
+      The department said the delay will enable analysts to
+  incorporate into the report USDA's first supply and demand
+  estimates for the 1987/88 marketing year and data on farm
+  program participation.
+  
+
diff --git a/reuters/training/12376 b/reuters/training/12376
new file mode 100644
index 0000000000000000000000000000000000000000..f4c8a5cb75acb8fbdb70172682a31e82a4b50ce2
--- /dev/null
+++ b/reuters/training/12376
@@ -0,0 +1,16 @@
+EXOTIC NEWCASTLE DISEASE IN MD/NEW YORK-USDA
+  Exotic Newcastle, a highly contagious
+  disease of pet birds and poultry, has been confirmed in two
+  pet-bird dealer facilities in Maryland, and New York, the U.S.
+  Agriculture Department said.
+      The department said no domestic poultry are involved in the
+  outbreak.
+      State quarantines have been placed on the two facilities,
+  in Hunt Valley, Maryland, and Schenectady, New York.
+      The most serious U.S. outbreak of the disease occurred in
+  1971-73 in southern California, where the disease spread from
+  infected pet birds to a dense poultry population and nearly 12
+  mln birds, mostly laying hens, were destroyed at a cost of 56
+  mln dlrs, the department said.
+  
+
diff --git a/reuters/training/12378 b/reuters/training/12378
new file mode 100644
index 0000000000000000000000000000000000000000..1934ed446a168d1d5e991dcf3ba41f6457b23860
--- /dev/null
+++ b/reuters/training/12378
@@ -0,0 +1,17 @@
+NEWMONT MINING CORP REDUCES STAKE IN PEABODY
+  Newmont Mining Corp said it completed
+  the previously announced reduction of its share in <Peabody
+  Holding Co Inc> to 49.97 pct from 61.47 pct.
+      Newmont realized 116.8 mln dlrs in the transaction.
+      For 1986, Newmont reported net income of 74.2 mln dlrs.
+  Peabody, the largest coal producer in the U.S., had net income
+  of 100.8 mln dlrs on sales of 1.4 billion dlrs in 1986.
+      Newmont doubled its ownership in Peabody in January by
+  purchasing 30.74 pct interest held by the Williams Cos for 320
+  mln dlrs.
+      The reduction resulted from completion of an earlier
+  announced agreement by Peabody to sell a 15.01 pct interest in
+  the company to Eastern Gas and Fuel Associates in exchange for
+  all the coal properties owned by Eastern.
+  
+
diff --git a/reuters/training/12379 b/reuters/training/12379
new file mode 100644
index 0000000000000000000000000000000000000000..935c774112f50e8da0ddb5f67b8e8aec9bb227d4
--- /dev/null
+++ b/reuters/training/12379
@@ -0,0 +1,10 @@
+MR. GASEKT CO <MRGC> 3RD QTR DEC 31
+  Shr loss 26 cts vs profit eight cts
+      net loss 2.8 mln vs profit 897,000
+      Revs 27.0 mln vs 30.0 mln
+      Nine months
+      Shr loss 51 cts vs profit 46 cts
+      Net loss 5.4 mln vs profit 4.9 mln
+      Revs 88.4 mln vs 99.8 mln
+  
+
diff --git a/reuters/training/1238 b/reuters/training/1238
new file mode 100644
index 0000000000000000000000000000000000000000..9d30691bdc4937c506d20217a84dd2b459309fc5
--- /dev/null
+++ b/reuters/training/1238
@@ -0,0 +1,12 @@
+AMERICAN AIRCRAFT CORP BUYS PRIVATE FIRM
+  <American Aircraft Corp> said it
+  has acquired a 51 pct interest in privately-held <Hunter
+  Helicopter of Nevada, Inc>.
+      The purchase was made for an undisclosed amount of American
+  Aircraft stock, the company said.
+      It said the acquisition will increase shareholder equity in
+  American Aircraft to 45 cts per share from 18 cts per share.
+      Hunter Helicopter builds two-passenger helicopters that
+  retail for about 50,000 dlrs.
+  
+
diff --git a/reuters/training/12380 b/reuters/training/12380
new file mode 100644
index 0000000000000000000000000000000000000000..55f09902a8aaf0ffab60e5b2d5dde223d1c1909c
--- /dev/null
+++ b/reuters/training/12380
@@ -0,0 +1,8 @@
+DELTAUS CORP <DLTA> YEAR
+  Shr loss 64 cts vs loss 1.70 dlrs
+      Net loss 13.4 mln vs loss 35.6 mln
+      REvs 47.9 mln vs 72.1 mln
+      NOTE:1985 includes loss of 941,000 from discontinued
+  operations and 5.8 mln dlrs from disposal of net asset solds.
+  
+
diff --git a/reuters/training/12382 b/reuters/training/12382
new file mode 100644
index 0000000000000000000000000000000000000000..0fb0560863110d8d5ede1c28540a44204b32b4dc
--- /dev/null
+++ b/reuters/training/12382
@@ -0,0 +1,10 @@
+DEROSE INDUSTRIES INC <DRI> 4TH QTR
+  Shr loss 56 cts vs loss 71 cts
+      Net loss 809,000 vs loss 1.0 mln
+      Revs 5.3 mln vs 5.3 mln
+      Year
+      Shr loss 1.51 dlrs vs profit 61 cts
+      Net loss 2.2 mln vs loss 2.3 mln
+      Revs 26.5 mln vs 29.1 mln
+  
+
diff --git a/reuters/training/12383 b/reuters/training/12383
new file mode 100644
index 0000000000000000000000000000000000000000..1441759aa72be896a0f6eb47fdb02ecd7b0afe77
--- /dev/null
+++ b/reuters/training/12383
@@ -0,0 +1,25 @@
+REVLON GROUP <REV> REPORTS 1986 RESULTS
+  Revlon Group Inc told the Securities
+  and Exchange Commission it had net profits of 16,465,000 on
+  sales of 1.61 billion dlrs for the year ended Dec. 31, 1986.
+      Revlon in a filing with the SEC compared the results to the
+  five months ending Dec. 31, 1985. In that period, it lost 28.4
+  mln dlrs on sales of 262.4 mln dlrs.
+      Earlier today, MacAndrews and Forbes Group Inc began an
+  18.50 dlr a share cash offer for all common stock of Revlon it
+  does not own. Revlon today rose 3/8 to 19-1/4 in active
+  trading. MacAndrews controls 31.8 pct of the voting power.
+  
+      For 1986, Revlon said the loss applicable to common stock
+  after preferred dividends is 9.5 mln dlrs. The net loss per
+  share was 24 cts, compared to a net loss of 99 cts per share
+  last year.
+      Revlon said it had a 1986 operating profit of 64.3 mln
+  dlrs, compared to a loss of 13.3 mln dlrs in the year earlier
+  period.
+      The 1986 net includes a provision for estimated loss on
+  dispositions of 57.0 mln dlrs, compared to 15.1 mln dlrs the
+  year earlier. Earnings in 1986 before extraordinary items were
+  7.4 mln dlrs.
+  
+
diff --git a/reuters/training/12386 b/reuters/training/12386
new file mode 100644
index 0000000000000000000000000000000000000000..8764bac8cd347745ac51faea604fb6014f8f12e9
--- /dev/null
+++ b/reuters/training/12386
@@ -0,0 +1,7 @@
+LIFETIME <LFT> EXCHANGE OFFER ACCEPTED
+  LIfetime Corp said Retirement Housing
+  Corp has accepted its previously announced acquisition offer.
+      Retirement will operate autonomously as a separate
+  subsidiary.
+  
+
diff --git a/reuters/training/12389 b/reuters/training/12389
new file mode 100644
index 0000000000000000000000000000000000000000..7c7ad01c5476570710cfc23235a18105b8ff1b3b
--- /dev/null
+++ b/reuters/training/12389
@@ -0,0 +1,25 @@
+MANUFACTURERS <MHC> PUTS BRAZIL ON NON-ACCRUAL
+  Manufacturers Hanover Corp said it
+  placed 1.4 billion dlrs of medium- and long-term loans to
+  Brazilian borrowers on non-accrual as of yesterday, meaning
+  that income will be recorded only when actual cash payments are
+  received.
+      As a result, net income for the first quarter will be
+  reduced by 18 mln dlrs.
+      If Brazil, which suspended interest payments on its term
+  debt on February 20, continues to defer interest payments for
+  the rest of the year, net income for the whole of 1987 would be
+  reduced by a total of 72 mln dlrs.
+      U.S. bank accounting guidelines do not require loans to be
+  placed on nonaccrual unless interest payments are past due 90
+  days or more.  However, Manufacturers Hanover said that, in
+  light of current circumstances, it was more appropriate to
+  record income on its Brazilian loans only when cash payments
+  were received.
+      It added that it believes Brazil will reach agreement with
+  its banks on a debt restructuring and that all interest
+  payments will be received later in 1987.
+      The company earned 102.1 mln dlrs in first-quarter 1986 and
+  410.7 mln dlrs for the whole of the year.
+  
+
diff --git a/reuters/training/1239 b/reuters/training/1239
new file mode 100644
index 0000000000000000000000000000000000000000..c5cd55134359a072957f2ad5d2e24a98d7375ce9
--- /dev/null
+++ b/reuters/training/1239
@@ -0,0 +1,6 @@
+AID CORP <AIDC> RAISES QUARTERLY DIVIDEND
+  Qtly div nine cts vs eight cts in prior qtr
+      Payable March 31
+      Record March 13
+  
+
diff --git a/reuters/training/12390 b/reuters/training/12390
new file mode 100644
index 0000000000000000000000000000000000000000..92f2fbd53c27e681eed17c51507127674c18fb62
--- /dev/null
+++ b/reuters/training/12390
@@ -0,0 +1,29 @@
+GALVESTON TO AQUIRE MINE PROPERTY INTERESTS
+  <Galveston Resources Ltd> said it agreed
+  in principle for an option to earn up to a 50 pct interest from
+  <Hemlo Gold Mines Inc> in certain mining properties known as
+  the Interlake Property, subject to regulatory approvals.
+      Galveston said it will earn up to a 50 pct interest by
+  spending a minimum of one mln dlrs in exploration and
+  development work by December 31, 1989.
+      It expects work will commence shortly and continue during
+  the 1987 exploration season.
+      Galveston also said it granted Hemlo Gold options to
+  acquire up to two mln Galveston shares.
+      It said the options can be exercised at 10 dlrs a share up
+  to December 31, 1987, then at 12.50 dlrs a share until December
+  31, 1988, and then at 15 dlrs a share until December 31, 1989.
+      Separately, Galveston said it agreed in principle with
+  <Noranda Inc> unit Noranda Explorations Ltd for an option to
+  earn up to a 50 pct interest in a major mineral property
+  located at the Baie Verte Peninsula, Newfoundland.
+      Galveston can earn a 50 pct interest by spending six mln
+  dlrs in exploration and development work on the property by
+  December 31, 1989.
+      The company also said it granted Noranda an option to
+  purchase two mln Galveston shares.
+      The options can be exercised at 10 dlrs a share until
+  December 31, 1987, then at 12.50 dlrs a share until December
+  31, 1988, and then at 15 dlrs a share until December 31, 1989.
+  
+
diff --git a/reuters/training/12391 b/reuters/training/12391
new file mode 100644
index 0000000000000000000000000000000000000000..a96d5f886f1484c2b180691f77460ec658ab2516
--- /dev/null
+++ b/reuters/training/12391
@@ -0,0 +1,11 @@
+<OCELOT INDUSTRIES LTD> YEAR LOSS
+  Shr loss 15.29 dlrs vs loss 2.80 dlrs
+      Net loss 221.3 mln vs loss 40.4 mln
+      Revs 146.3 mln vs 260.7 mln
+      Note: 1986 loss includes extraordinary loss of 171.6 mln
+  dlrs or 11.85 dlrs shr related to writedown of certain
+  petrochemical assets and reduced by tax gain of 4.2 mln dlrs or
+  28 cts shr.
+      1985 results restated.
+  
+
diff --git a/reuters/training/12394 b/reuters/training/12394
new file mode 100644
index 0000000000000000000000000000000000000000..4a78194c3b8aa3398c20cf3f4c3638783ece5ff5
--- /dev/null
+++ b/reuters/training/12394
@@ -0,0 +1,63 @@
+DEUTSCHE BANK SEES SLOW START TO 1987
+  Deutsche Bank AG <DBKG.F> has seen a
+  slow start to 1987 after posting record profits in 1986,
+  management board joint spokesman F. Wilhelm Christians said.
+      Credit business declined in the first few weeks of the
+  year, and the interest margin was squeezed further. The weak
+  German bourse saw earnings on commission fall sharply, and
+  trading in securities also fell. But earnings from currency
+  dealing were still satisfactory, he told a news conference.
+      Deutsche group partial operating profits rose to 3.78
+  billion marks in 1986 from 2.92 billion in 1985 on a balance
+  sheet of 257.22 billion marks after 237.23 billion.
+      Profits were swollen by earnings from the placement of the
+  former Flick group, which have been estimated at some one
+  billion marks, and from record profits in trading on the bank's
+  own account, not included in partial operating profits.
+      Earnings from the Flick transaction were booked through a
+  subsidiary, and therefore showed up as part of the interest
+  surplus in a section current earnings from securities and
+  participations.
+      In the group this nearly doubled to 2.64 billion marks from
+  1.45 billion.
+      As usual the bank did not detail total operating profits.
+      But it said that total operating profits, including own
+  account trading, rose 24.9 pct or 4.5 pct without the Flick
+  transaction in the group, and 35.1 pct or seven pct in the
+  parent bank.
+      Banking analysts said this put group total operating
+  profits at some 6-1/2 to seven billion marks, and parent bank
+  operating profits at over five billion marks.
+      Christians said Deutsche used the extraordinary earnings
+  from Flick to pay a record five mark bonus on top of its
+  unchanged 12 mark dividend.
+      The bank had decided against raising the dividend itself
+  because of the uncertain business outlook at the end of 1986,
+  and developments so far this year showed that was correct,
+  Christians said.
+      West German banks rarely raise dividends unless they are
+  sure they can maintain the increased payout in subsequent
+  years, preferring to use bonuses for one-of profits.
+      The bank also used its extraordinary earnings to continue a
+  high level of risk provision, Christians said.
+      Disclosed group risk provisions rose to 867 mln marks in
+  1986 from 765 mln in 1985.
+      Under German law, disclosed provisions do not necessarily
+  reflect the full amount of risk provisions.
+      Management board joint spokesman Alfred Herrhausen said
+  Deutsche's total debt exposure to problem countries had fallen
+  to over six billion marks in 1986 from 7.4 billion in 1985
+  because of the fall in the dollar.
+      He agreed with a questioner who asked if over two thirds of
+  such problem country debt had been written off.
+      Deutsche Bank posted a sharp rise in holdings of "other
+  securities," to 4.64 billion marks from 2.71 billion in the
+  parent bank.
+      Christians said this 1.93-billion-mark rise was partly due
+  to its increased activity in international share placements,
+  with some shares such as those from Fiat SpA's international
+  placement last year remaining on its books.
+      Herrhausen said that no concrete measures were planned to
+  place these shares and conclude the original placement.
+  
+
diff --git a/reuters/training/12395 b/reuters/training/12395
new file mode 100644
index 0000000000000000000000000000000000000000..65746f8e886c78fb0e7d3cd26b190131cc2faa2a
--- /dev/null
+++ b/reuters/training/12395
@@ -0,0 +1,33 @@
+DEUTSCHE AGREES FULL TAKEOVER OF FORMER EURASBANK
+  Deutsche Bank AG <DBKG.F> has agreed
+  to take over the outstanding 25 pct in <Deutsche Bank (Asia)
+  AG>, the former <European Asian Bank AG>, from
+  Creditanstalt-Bankverein <CABV.VI>, Deutsche management board
+  joint spokesman Alfred Herrhausen told a news conference.
+      Euras broke even in 1986 and required no funding from
+  Deutsche, he said. He gave no details of the deal with
+  Creditanstalt.
+      Press reports that Deutsche was planning a takeover of
+  Lloyds Bank plc <LLOY.L> were without foundation, he said.
+      Herrhausen said Deutsche had taken part in the recent
+  capital increase of <Morgan Grenfell Group plc>, but had no
+  plans to raise its 4.4 pct share in Morgan Grenfell.
+      <Banca d'America e d'Italia SpA>, in which 98.3 pct was
+  acquired from Bankamerica Corp <BAC.N> late last year, would be
+  consolidated this year, and contribute to further expansion of
+  Deutsche's business, management board joint spokesman F.
+  Wilhelm Christians said.
+      Following a ruling earlier this year from the Federal High
+  Court, Deutsche had included its non-bank holdings in the
+  balance sheet section "participations," Christians said.
+      But Christians said the bank still regarded shares in these
+  non-bank companies as an investment rather than an active
+  participation.
+      Parent bank total participations rose to 6.45 billion marks
+  in 1986 from a comparable 4.57 billion in 1985 including a rise
+  to 3.79 billion from 2.34 billion in bank participations.
+      Herrhausen said the grouping of holdings in the balance
+  sheet in this was was not a first step to floating them off in
+  a separate holding company.
+  
+
diff --git a/reuters/training/12396 b/reuters/training/12396
new file mode 100644
index 0000000000000000000000000000000000000000..d66df5f9dc889d81ac2d30a728d72e3e3201c0d8
--- /dev/null
+++ b/reuters/training/12396
@@ -0,0 +1,35 @@
+WORLD RECESSION UNLIKELY - DEUTSCHE'S HERRHAUSEN
+  A world recession is unlikely this
+  year as fiscal and monetary policy in most industrialized
+  countries is supporting the economy, Deutsche Bank AG <DBKG.F>
+  management board joint spokesman Alfred Herrhausen said.
+      But growth rates will be smaller than last year, with 1.5
+  to 2.5 pct likely in most industrialized countries, he told a
+  news conference.
+      Herrhausen said he was confident private consumption would
+  support economic growth in West Germany this year, with net
+  income increases turning into purchasing power as long as
+  inflation did not revive.
+      Herrhausen said he did not expect interest rates to rise in
+  West Germany this year, but there was little room for further
+  falls. Rates in the U.S. were however rising, as evidenced by
+  the latest prime rate moves, but this rise would be moderate.
+      Herrhausen said he did not expect any major narrowing of
+  the U.S. Trade and budget deficits in the next few months.
+      One success of the Paris agreement in February to foster
+  currency stability was that U.S. Officials have stopped talking
+  down the dollar, he noted.
+      The recent stability would last until markets decided to
+  test the resolve of central banks, he said.
+      He noted that central banks had spent some 10 billion dlrs
+  this week to stabilize the dollar against the yen in the first
+  such test.
+      "A massive attack on the mark, which could come if we get
+  bad news out of the U.S., Would require a much higher
+  intervention amount, raising the danger of inflation," he said.
+      Turning to the international debt problem, Herrhausen said
+  Brazil's unilateral debt moratorium had surprised banks.
+      But the move showed that a real solution to debt problems
+  was only possible with the involvement of all parties.
+  
+
diff --git a/reuters/training/12397 b/reuters/training/12397
new file mode 100644
index 0000000000000000000000000000000000000000..efdd3be912130387d4e670a223dd4849b6bd0f3f
--- /dev/null
+++ b/reuters/training/12397
@@ -0,0 +1,58 @@
+SINGAPORE BANKS SAY DIVERSIFICATION KEY TO GROWTH
+  Singapore's major banks are
+  diversifying and gradually shifting their asset holdings from
+  loans to debt instruments, banking sources said.
+      The banks following the trend are the <Overseas Union Bank
+  Ltd>, <United Overseas Bank Ltd>, <Oversea-Chinese Banking
+  Corporation> and the <Development Bank of Singapore Ltd>.
+      The shift towards securitisation has been helped by
+  volatile financial markets which have developed hedging
+  facilities such as floating rate notes and bonds for risk
+  management, said Overseas Union General Manager Loh Hoon Sun.
+      Loh told Reuters in an interview that Singapore banks see
+  limited growth in credit risk. More and more of them are
+  switching from term lending to major growth areas such as
+  stockbroking and fee based income, he said.
+      Major local banks ventured into stockbroking after being
+  granted seats on the stock exchange. Bankers said they are now
+  moving into the new government securities market and the Stock
+  Exchange of Singapore Dealing and Quotation System.
+      One foreign banker said the Development Bank and the
+  Overseas Union Bank Ltd have become major players in the equity
+  market in Singapore.
+      Loh said the banks' participation in the stock market has
+  increased business transactions and provided long term growth
+  for the market. The banks are not competition for individual
+  stockbroking firms because of the increased business they
+  generate, he added.
+      Loh said the Stock Exchange of Singapore might expand
+  equity issues by as much as one billion dlrs this year because
+  of the increasing ability of foreign and local market
+  participants to absorb new issues.
+      Loh said <OUB Investment management Ltd>, a subsidiary of
+  the Overseas Union Bank Ltd, has teamed up with a U.K. Firm to
+  launch the Union Global Fund. The fund is for local investors
+  seeking capital growth through a diversified international
+  portfolio. It will invest in international shares with the
+  emphasis on U.S. And Japanese markets, he said.
+      <DBS Securities Singapore Pte Ltd>, a subsidiary of the
+  Development Bank of Singapore, has applied to the Hong Kong
+  Stock Exchange to set up a Hong Kong stockbroking firm.
+      Loh predicted fixed deposit and prime interest rates in
+  Singapore will stay low this year. As a result, banks will be
+  forced to provide fund management services for major clients
+  seeking better returns, he said.
+      Economic analysts and bankers are optimistic the major
+  banks will show profits in 1987, helped by higher income from
+  treasury and investment banking activities.
+      They expect the 1987 after-tax profits of Oversea-Chinese
+  and United Overseas to show stable growth of four to eight pct
+  against respective gains of four and seven pct in 1986.
+      Overseas Union's profits are expected to jump to over 40
+  mln dlrs from seven mln dlrs in 1986, economists said.
+      The Development Bank's after-tax profits rose 39.2 pct in
+  1986 mainly due to a dividend of 20.4 mln dlrs paid by
+  <National Discount Company Ltd> before it became a subsidiary
+  of the bank, they said.
+  
+
diff --git a/reuters/training/12398 b/reuters/training/12398
new file mode 100644
index 0000000000000000000000000000000000000000..63c12859ed5b0d8ca61b862298b761673b32f565
--- /dev/null
+++ b/reuters/training/12398
@@ -0,0 +1,14 @@
+WESTPAC IN N.Z. RAISES INDICATOR LENDING RATE
+  Westpac Banking Corp in New Zealand
+  said it will increase its indicator lending rate by 1.5
+  percentage points to 22.5 pct from April 7.
+      Westpac said in a statement the increase reflects high
+  costs of funding.
+      The bank said nervousness in the wholesale deposit market
+  is creating uncertainty about the immediate outlook for
+  interest rates. Liquidity is expected to remain tight over the
+  next month and this will put upward pressure on interest rates.
+  Base lending indicator rates of the other three trading banks
+  range between 21.0 pct and 21.5 pct.
+  
+
diff --git a/reuters/training/12399 b/reuters/training/12399
new file mode 100644
index 0000000000000000000000000000000000000000..9b0b59fdab1ed1b984e723650df440d96b2a8bc9
--- /dev/null
+++ b/reuters/training/12399
@@ -0,0 +1,28 @@
+THAI TRADERS OPPOSE REIMPOSITION OF COFFEE QUOTAS
+  Thai coffee exporters said they hoped
+  the International Coffee Organisation (ICO) would not reimpose
+  export quotas even though this may lead to a further slump in
+  world prices.
+      Susin Suratanakaweekul, president of the Thai Coffee
+  Exporters Association, told Reuters that Thailand obtained
+  little benefit from previous ICO quotas which represented only
+  about 30 pct of its total annual exports.
+      Thailand expects increased overall coffee export revenue if
+  there are no restrictions on sales to current ICO members who
+  offer higher prices than non-members, he said.
+      The Customs Department said Thailand exported 21,404 tonnes
+  of coffee last year, up from 20,602 in 1985.
+      Thai coffee production is projected to fall to about 25,000
+  tonnes in the 1986/87 (Oct/Sept) season from 28,000 the
+  previous year.
+      However, a senior Commerce Ministry official said the Thai
+  government supports coffee producers' lobbying for reimposed
+  ICO quotas which, he said, would help lift world prices.
+      Somphol Kiatpaiboon, director general of the Commercial
+  Economics Department, said an absence of ICO quotas would
+  encourage producers to rapidly release coffee on to the market,
+  further depressing prices.
+      He said Indonesia is expected to export a substantial
+  amount of coffee this month without such restrictions.
+  
+
diff --git a/reuters/training/124 b/reuters/training/124
new file mode 100644
index 0000000000000000000000000000000000000000..a0f262330aed4a558bc671a4c19e151b30203175
--- /dev/null
+++ b/reuters/training/124
@@ -0,0 +1,10 @@
+U.S. GRAIN CARLOADINGS FALL IN WEEK
+  U.S. grain carloadings totaled 26,108
+  cars in the week ended February 21, down 2.2 pct from the
+  previous week but 22.8 pct above the corresponding week a year
+  ago, the Association of American Railroads reported.
+      Grain mill product loadings in the week totalled 11,382
+  cars, down 1.8 pct from the previous week but 7.6 pct above the
+  same week a year earlier, the association said.
+  
+
diff --git a/reuters/training/12400 b/reuters/training/12400
new file mode 100644
index 0000000000000000000000000000000000000000..88cf179e57da7cb83be21dfd4bddb013608e5ca7
--- /dev/null
+++ b/reuters/training/12400
@@ -0,0 +1,21 @@
+SANWA BANK LOOKS TO SECURITIES, WORLD OPERATIONS
+  The <Sanwa Bank Ltd's> three-year business
+  plan foresees securities and international operations making a
+  greater contribution to operating profits, a bank official
+  said.
+      The bank's plan also emphasises retail and medium and
+  small-sized business operations, he told Reuters.
+      Officials at <Fuji Bank Ltd> and <Mitsubishi Bank Ltd>
+  outlined similar three-year plans.
+      They said lower interest rates and financial liberalisation
+  have cut profits from dealings with big firms to nearly
+  nothing.
+      "They don't need us, they can do their own financing," one
+  official said.
+      Sanwa Bank's plan forecasts that securities and
+  international operations will contribute 40 pct of total
+  operating profits by the end of the fiscal year ending March,
+  1990, compared with 30 pct in fiscal 1985, the Sanwa official
+  said.
+  
+
diff --git a/reuters/training/12401 b/reuters/training/12401
new file mode 100644
index 0000000000000000000000000000000000000000..e6795292f0fb04a794eeb740fd8de73d39cc1a4d
--- /dev/null
+++ b/reuters/training/12401
@@ -0,0 +1,25 @@
+JAPAN DENIES PLANS TO CUT DUTIES ON CHOCOLATE
+  Agriculture Ministry officials said they
+  are not considering cuts in import duties on chocolate to help
+  ease friction with the United States over agricultural trade.
+      Japan has already lowered the duties sharply and we must
+  consider domestic market conditions, an official said.
+      Duties on chocolate were cut to 20 pct from 31.9 pct in
+  April 1983.
+      Washington has been demanding a cut to seven pct,
+  equivalent to its own duties, ministry sources said.
+      Japanese chocolate imports rose to 8,285 tonnes in calendar
+  1986 from 5,908 in 1985, official statistics show.
+      However, the ministry sources added it is possible the
+  government may make further cuts in response to strong U.S. And
+  European demand.
+      "Due to concern about the farm trade row with the U.S.,
+  Top-level government officials may press the ministry to cut
+  the duties," one said.
+      But he said it would be difficult for Japan to resolve its
+  overall trade row with Washington and reduce its trade surplus,
+  which reached 58.6 billion dlrs in 1986.
+      Agricultural trade issues between Japan and the U.S.
+  Include Japanese import restrictions on 12 farm products.
+  
+
diff --git a/reuters/training/12403 b/reuters/training/12403
new file mode 100644
index 0000000000000000000000000000000000000000..33c0803dcf7fae391831560e0cdfd18dbf81a763
--- /dev/null
+++ b/reuters/training/12403
@@ -0,0 +1,5 @@
+ German February industrial output rises 3.2 pct (January fall 3.4 pct) - official
+
+   German February industrial output rises 3.2 pct (January fall 3.4 pct) - official
+  
+
diff --git a/reuters/training/12404 b/reuters/training/12404
new file mode 100644
index 0000000000000000000000000000000000000000..7e38c0b93a137ebfa2df7bcf96aaa2f0dcab961d
--- /dev/null
+++ b/reuters/training/12404
@@ -0,0 +1,25 @@
+INTERNATIONAL PACT ON OZONE DAMAGE LIKELY IN 1987
+  An international protocol to severely
+  limit the use of industrial chemicals which are believed to
+  damage the earth's protective ozone layer could be signed this
+  year, officials and scientists here said.
+      "By the end of this year, we should have an international
+  protocol in place we can all be proud of," U.S. Environmental
+  protection agency officer Bill Long told reporters.
+      The chemicals are chiefly chlorofluorocarbons (CFCs) which
+  are used in refrigeration and making foam plastics, solvents
+  and aerosols. The earth's upper ozone layer absorbs most of the
+  harmful ultraviolet rays from the sun.
+      The officials and scientists were meeting in Tokyo, ahead
+  of an international conference on the problem later this month
+  in either Vienna, or Geneva, Long said.
+      Robert Watson, a program manager for atmospheric problems
+  at the U.S. National Aeronautics and Space Administration said
+  a protocol should demand an initial freeze on the use of CFCs
+  by industry. This should be followed by a gradual reduction in
+  CFC volume until no CFC gases are released into the air, he
+  said. The U.S. Has already banned use of use CFCs in aerosols
+  and Japan has asked for voluntary restraint, but both still use
+  CFCs in industrial processes.
+  
+
diff --git a/reuters/training/12406 b/reuters/training/12406
new file mode 100644
index 0000000000000000000000000000000000000000..820e997557d080f92e403c8d3a3c27a8d056904d
--- /dev/null
+++ b/reuters/training/12406
@@ -0,0 +1,16 @@
+U.K. MONEY RATES HARDEN ON LAWSON CURRENCY TARGETS
+  Money market rates rates showed a harder
+  edge after news U.K. Chancellor of the Exchequer Nigel Lawson
+  has set a target for the pound against the mark and dollar, to
+  be maintained by a mixture of interest rates and intervention
+  in the foreign exchange markets.
+      Dealers said the market was surprised by the Chancellor's
+  disclosure of sterling target rates, around 2.90 marks and 1.60
+  dlrs, and nervous over the implications for domestic interest
+  rates, further reducing the propects for a near term cut in
+  U.K. Bank base rates. The key three months interbank sterling
+  rate gained 1/16 point at 10 9-7/8 pct.
+      The pound opened three basis points lower at 71.3 in trade
+  weighted terms, at around 1.59 dlrs and 2.91 marks.
+  
+
diff --git a/reuters/training/12407 b/reuters/training/12407
new file mode 100644
index 0000000000000000000000000000000000000000..db98cd0ec610e96ea2c58fd0f626a69338285c5b
--- /dev/null
+++ b/reuters/training/12407
@@ -0,0 +1,49 @@
+GERMAN INDUSTRIAL OUTPUT RISES 3.2 PCT IN FEBRUARY
+  West German industrial production,
+  seasonally adjusted, rose a provisional 3.2 pct in February
+  after a downwards revised decline of 3.4 pct in January, the
+  Economics Ministry said.
+      The ministry had originally estimated that industrial
+  production fell 3.0 pct in January.
+      The February figure is likely to be revised upwards by just
+  under one percentage point next month when the March figure is
+  released, a ministry statement said.
+      The industrial production index, base 1980, stood at a
+  provisional 104.1 in February against 100.9 in January and
+  104.5 in December. The ministry had previously put the January
+  and December indices at 101.6 and 104.7 respectively.
+      In February 1986 the output index had stood at 103.7,
+  producing a year-on-year rise for February 1987 of 0.4 pct.
+      The February rise in production was aided by a sharp 19 pct
+  increase in construction output compared with January, when
+  production in many industrial sectors was depressed by
+  unusually severe winter weather.
+      Manufacturing industry registered a 3-1/2 pct rise in
+  production in February compared with January. But energy sector
+  output fell nine pct and mining production declined seven pct.
+      The ministry, which considers two-monthly comparisons to be
+  a better guide to trends, said output in January and February
+  together fell around two pct against November and December.
+      The ministry said construction output fell 13-1/2 pct in
+  January/February against November/December due to the cold
+  January weather. Output in the energy sector rose four pct and
+  mining output 10 pct.
+      Manufacturing industry's production fell 1-1/2 pct in
+  January/February compared with November/December.
+      Within this sector, the output of both basic products and
+  of food, tobacco and alcohol fell 1-1/2 pct. Production of
+  capital goods fell 2-1/2 pct while output of consumer goods was
+  unchanged.
+      Compared with the same months of 1986, industrial
+  production in January and February 1987 fell 1-1/2 pct, the
+  ministry said.
+      Manufacturing industry output fell one pct, with output of
+  basic products down three pct, capital goods down one pct and
+  food, tobacco and alcohol production 1-1/2 pct lower. Makers of
+  consumer goods posted a 1-1/2 pct year-on-year rise in the
+  two-month period.
+      In other industrial sectors, mining production fell four
+  pct and construction output 4-1/2 pct. The energy sector saw a
+  slight 1/2 pct rise, the ministry added.
+  
+
diff --git a/reuters/training/12408 b/reuters/training/12408
new file mode 100644
index 0000000000000000000000000000000000000000..f3ca6e024a8ca8592648f883008adadac189749c
--- /dev/null
+++ b/reuters/training/12408
@@ -0,0 +1,5 @@
+Reckitt and Colman plc pretax profits 1986 yr 145.11 mln stg vs 123.39 mln
+
+  Reckitt and Colman plc pretax profits 1986 yr 145.11 mln stg vs 123.39 mln
+  
+
diff --git a/reuters/training/12409 b/reuters/training/12409
new file mode 100644
index 0000000000000000000000000000000000000000..7a6df3efe1efb0dfc3ed0a0ff9e958e8cbe3471e
--- /dev/null
+++ b/reuters/training/12409
@@ -0,0 +1,62 @@
+C AND W OFFERED ROLE IN NEW JAPAN TELECOM COMPANY
+  A Japanese businessman announced plans for
+  a new telecommunications firm in which Britain's Cable and
+  Wireless Plc would be a core company.
+      However, the plan, unveiled by senior Federation of
+  Economic Organizations official Fumio Watanabe, does not
+  specify what stake Cable and Wireless would have.
+      "The share holdings of the core companies should be equal,"
+  Watanabe said in a statement. "The actual percentage of
+  shareholdings should be agreed by the core companies."
+      He said the eight core companies will provide directors for
+  the firm.
+      "The new company shall immediately set to work on the
+  feasibility study of constructing a new cable for itself,"
+  Watanabe said.
+      Watanabe has acted as mediator between two rival groups,
+  one of which included C and W, seeking to compete against
+  <Kokusai Denshin Denwa Co Ltd>, which now monopolizes Japan's
+  overseas telephone business.
+      The Post and Telecommunications Ministry has said it wants
+  only one competitor to KDD and has backed Watanabe's efforts.
+      A British source, who declined to be identified further,
+  said the proposals could open the door to further talks between
+  C and W <CAWL.L> and the other firms involved.
+      C and W had earlier rejected a reported proposal which
+  would have given it a five pct share in the new
+  telecommunications firm, compared to the less than three pct
+  stake Watanabe originally proposed. C and W has a 20 pct stake
+  in one of the two firms Watanabe has proposed should merge.
+      The British source said the decision not to specify the
+  exact shareholdings of the core companies could leave the door
+  open for further discussion.
+      "It's probably a sensible approach on their part," the
+  British source told reuters.
+      C and W has also been pushing hard for permission to lay a
+  new cable between Japan and the U.S.
+      The proposed merger has sparked an international row, with
+  British government sources threatening retaliatory action
+  against Japan for what they see as discriminatory practices
+  against foreign firms.
+      The sources said last Friday that one option for Britain
+  would be to revoke licenses of Japanese banks and securities
+  companies operating in London.
+      The U.S. Has also attacked the original merger plans,
+  saying that both rival consortia should be licensed.
+      Asked about participation by other U.S. And European firms,
+  Watanabe said, "They will not be core companies but if they wish
+  they could participate." Under the Japanese law, total foreign
+  participation would be limited to one-third.
+      "It might be wise for C and W to join the new firm which has
+  the support of many influential backers and work within this
+  for the realization of their ideas," Watanabe told reporters.
+      The other core firms are Mitsubishi Corp <MITT.T>, Mitsui
+  and Co <MITS.T>, Sumitomo Corp <SUMT.T>, Matsushita Electric
+  Industrial Co <MC.T>, Toyota Motor Corp <TOYO.T>, C Itoh and Co
+  <CITT.T>, and <Pacific Telesis International Inc>.
+      Watanabe said that his latest proposal represented his
+  final effort.
+      If it fails to satisfy the British government, it will be
+  up to the Japanese government to explain its position, he said.
+  
+
diff --git a/reuters/training/12410 b/reuters/training/12410
new file mode 100644
index 0000000000000000000000000000000000000000..28b9a6f0b6c40161764d008e64a44839fe58cc1b
--- /dev/null
+++ b/reuters/training/12410
@@ -0,0 +1,13 @@
+BANK OF FRANCE TO BUY FIRST CATEGORY PAPER TODAY
+  The Bank of France is to inject liquidity
+  against first category paper at a tender this afternoon, a Bank
+  spokesman said.
+      Money market sources were divided as to whether they
+  thought the Bank of France would use the occasion to cut its
+  intervention rate, which has stood at 7 3/4 pct since it was
+  cut from eight pct on March 9.
+      Some thought a rate cut unlikely given foreign exchange
+  turbulence and the U.S. Prime rate rise to 7 3/4 pct, while
+  others still counted on a 1/4 point cut by the Bank of France.
+  
+
diff --git a/reuters/training/12411 b/reuters/training/12411
new file mode 100644
index 0000000000000000000000000000000000000000..b81e728614a4a5f228e0d5aa460d1c7592054811
--- /dev/null
+++ b/reuters/training/12411
@@ -0,0 +1,5 @@
+FIRS 87/88 EC BEET SUGAR ESTIMATE UNCHANGED 12.63 MLN TONNES WHITE EQUIVALENT
+
+  FIRS 87/88 EC BEET SUGAR ESTIMATE UNCHANGED 12.63 MLN TONNES WHITE EQUIVALENT
+  
+
diff --git a/reuters/training/12413 b/reuters/training/12413
new file mode 100644
index 0000000000000000000000000000000000000000..385b82a9d0eb74cb1a3917127e88377b7c7e5590
--- /dev/null
+++ b/reuters/training/12413
@@ -0,0 +1,13 @@
+U.K. MONEY MARKET DEFICIT FORECAST AT 800 MLN STG
+  The Bank of England said it forecast a
+  shortage of around 800 mln stg in the money market today.
+      Among the main factors affecting liquidity, bills for
+  repurchase by the market will drain some 664 mln stg while
+  bills maturing in official hands and the take-up of treasury
+  bills will take out around 508 mln stg and a rise in note
+  circulation some 45 mln stg.
+      Partly offsetting these outflows, exchequer transactions
+  and bankers' balances above target will add some 380 mln stg
+  and 35 mln stg to the system respectively.
+  
+
diff --git a/reuters/training/12415 b/reuters/training/12415
new file mode 100644
index 0000000000000000000000000000000000000000..339933682fcb96198db9c0e771aac0c0bd2d1c8d
--- /dev/null
+++ b/reuters/training/12415
@@ -0,0 +1,14 @@
+SUGAR OFFERED TO DUTCH INTERVENTION REFUSED
+  The 2,500 tonnes of sugar offered to
+  intervention in the Netherlands has been refused by the
+  intervention board because of wrong packaging, a spokeswoman
+  for the Ministry of Agriculture said.
+      She said the sugar could be offered again to intervention.
+      EC producers have threatened to sell over 800,000 tonnes of
+  sugar to intervention stocks as a protest against EC export
+  licensing policies.
+      Last month Dutch traders said the sugar on offer in the
+  Netherlands was Belgian, but the ministry could not confirm
+  this.
+  
+
diff --git a/reuters/training/12416 b/reuters/training/12416
new file mode 100644
index 0000000000000000000000000000000000000000..0b9d407ef88f24a5eb83c5b00d7386730cc08431
--- /dev/null
+++ b/reuters/training/12416
@@ -0,0 +1,25 @@
+RISING TAIWAN DOLLAR CAUSES FOREIGN RESERVES LOSS
+  Taiwan said its foreign reserves suffered
+  about 3.4 billion U.S. Dlrs in exchange rate losses from July
+  1986 to February 1987 as a result of the rise of the Taiwan
+  dollar against the U.S. Currency.
+      Yu Chien-ming, head of the government statistics
+  department, told parliament yesterday he expected the losses to
+  increase as the Taiwan dollar continues to strengthen.
+      The Taiwan dollar, which opened at 34.24 to the U.S. Dollar
+  today, has risen about 16 pct against the U.S. Unit since
+  September 1985. Some bankers expect it to rise to 33 by June
+  and to 32 by the end of this year.
+      Taiwan's foreign exchange reserves now total 53 billion
+  dlrs. At end-February they were 52.1 billion dlrs, the world's
+  third largest after West Germany and Japan.
+      Yu said the interest earned from the reserves totalled
+  about 1.68 billion U.S. Dlrs from July 1986 to February 1987.
+  The reserves are managed by the central bank and deposited at
+  about 170 leading banks in the U.S., Japan, Britain, Canada and
+  Singapore.
+      About 75 pct of the reserves are in the form of cash,
+  mostly in U.S. Dollars. The rest are in government treasury
+  bills, certificates of deposit and bonds.
+  
+
diff --git a/reuters/training/12417 b/reuters/training/12417
new file mode 100644
index 0000000000000000000000000000000000000000..34943671117d7f0ccde7f682e26d74ceeb0e66c5
--- /dev/null
+++ b/reuters/training/12417
@@ -0,0 +1,16 @@
+EC DENIES MAIZE EXPORTS RESERVED FOR U.S.
+  The agreement between the U.S. And the
+  European Community (EC) on special imports of maize and sorghum
+  provides an equal chance for all non-EC countries to supply the
+  Spanish market, an EC Commission spokeswoman said.
+      She denied that any unpublished clause of the agreement
+  guaranteed the bulk of the maize export business would go to
+  the U.S., As one EC official told Reuters yesterday.
+      Under the agreement, the EC will import two mln tonnes of
+  maize and 300,000 tonnes of sorghum a year into Spain at
+  specially reduced levy rates for the next four years.
+      The Commission has yet to decide whether the maize will
+  come in through direct purchases by the Spanish intervention
+  board or by a tender system.
+  
+
diff --git a/reuters/training/12418 b/reuters/training/12418
new file mode 100644
index 0000000000000000000000000000000000000000..ab0c216ea18f293f36821142d70071e49ac2edf2
--- /dev/null
+++ b/reuters/training/12418
@@ -0,0 +1,25 @@
+U.K. MONEY RATES FIRM ON LAWSON STERLING TARGETS
+  Interest rates on the London money market
+  were slightly firmer on news U.K. Chancellor of the Exchequer
+  Nigel Lawson had stated target rates for sterling against the
+  dollar and mark, dealers said.
+      They said this had come as a surprise and expected the
+  targets, 2.90 marks and 1.60 dlrs, to be promptly tested in the
+  foreign exchange markets. Sterling opened 0.3 points lower in
+  trade weighted terms at 71.3.
+      Dealers noted the chancellor said he would achieve his
+  goals on sterling by a combination of intervention in currency
+  markets and interest rates.
+      Operators feel the foreign exchanges are likely to test
+  sterling on the downside and that this seems to make a fall in
+  U.K. Base lending rates even less likely in the near term,
+  dealers said.
+      The feeling remains in the market, however, that
+  fundamental factors have not really changed and that a rise in
+  U.K. Interest rates is not very likely. The market is expected
+  to continue at around these levels, reflecting the current 10
+  pct base rate level, for some time.
+      The key three months interbank rate was 1/16 point firmer
+  at 10 9-7/8 pct.
+  
+
diff --git a/reuters/training/12420 b/reuters/training/12420
new file mode 100644
index 0000000000000000000000000000000000000000..29f958f7026134c9c321ba4def2282832a549f2c
--- /dev/null
+++ b/reuters/training/12420
@@ -0,0 +1,47 @@
+AWB CALLS FOR TIGHTER WHEAT QUALITY CONTROLS
+  Australia is risking wheat export
+  sales by not providing enough specific quality grades to meet
+  buyer requirements, the Australian Wheat Board (AWB) said.
+      "Many AWB customers are becoming increasingly quality
+  conscious, demanding strict adherence to contractual quality
+  specifications," the board said in a submission to the Royal
+  Commission into Grain Storage, Handling and Transport.
+      "Many of the specifications are more specific than the
+  current categories used in Australia," it said.
+      The commission is trying to identify ways of saving costs
+  and boosting efficiency of the grain handling system.
+      Australia must rely on quality to retain its wheat market
+  share because its competitors are supplying cheaper but
+  lower-quality grades, the AWB submission said.
+      It stressed the need to segregate wheat categories at every
+  stage from receival to shipping.
+      Better industrial relations at grain terminals, more
+  uniform transport systems across the states and extensive stock
+  control were vital to improved marketing, it said.
+      The submission also said Australia's federal system impeded
+  the AWB's role of coordinating and managing the marketing of
+  wheat.
+      The AWB called for an end to physical and legislative
+  constraints at state borders that prevent the efficient
+  transport of grains to other states for shipment.
+      "It is essential that wheat moves by the most economic mode
+  to the nearest efficient port, irrespective of the state in
+  which the wheat is grown or stored," it said.
+      For example, wheat grown in northern New South Wales (NSW)
+  might move more efficiently to Brisbane, in Queensland, than to
+  Sydney or Newcastle in New South Wales, it said. Similarly,
+  southern NSW wheat might better be shipped to Portland or
+  Geelong, in Victoria.
+      Legislation giving state rail authorities a monopoly over
+  grain shipments was one notable impediment, it said.
+      The AWB said the current approach of state-based bulk
+  handling authorities is not essential, although it said it
+  favoured the authorities maintaining at least their current
+  level of control of storage and transport as long as quality
+  was maintained.
+      An appendix on port loading costs showed it cost between
+  26,500 and 34,700 U.S. Dlrs to load a 50,000-tonne vessel at
+  various Australian ports compared with 21,200 dlrs at Houston
+  and 16,300 at Port Cartier, Quebec, for a 60,000-tonner.
+  
+
diff --git a/reuters/training/12421 b/reuters/training/12421
new file mode 100644
index 0000000000000000000000000000000000000000..7987849f776144b3970477748ec1ff1a7b7fc616
--- /dev/null
+++ b/reuters/training/12421
@@ -0,0 +1,5 @@
+Bayer world group 1986 pre-tax profit 3.30 billion marks (3.15 billion) - official
+
+  Bayer world group 1986 pre-tax profit 3.30 billion marks (3.15 billion) - official
+  
+
diff --git a/reuters/training/12422 b/reuters/training/12422
new file mode 100644
index 0000000000000000000000000000000000000000..6b9cb415534b6ed39f7db5ca0cc0e9d1c0d2871c
--- /dev/null
+++ b/reuters/training/12422
@@ -0,0 +1,29 @@
+JAPAN MINISTRY ASKS TRUST BANKS TO CUT DLR SALES
+  The Finance Ministry has asked trust banks
+  to moderate their dollar selling, trust banking sources said.
+      A Ministry official told Reuters earlier this week the
+  Ministry had recently surveyed foreign exchange transactions by
+  institutional investors, but he declined to say whether this
+  was aimed at moderating the dollar sales.
+      Dealers said institutional investors were reluctant to sell
+  dollars aggressively today partly because of the Ministry
+  monitoring.
+      One senior trust bank source said that while sympathizing
+  with the Ministry position, the trust banks had to conduct
+  their foreign exchange operations according to the dictates of
+  the market.
+      A Bank of Japan official said the central bank approved of
+  the survey as long it was not used too forcefully.
+      But another official denied local press reports that the
+  central bank itself had asked investors to moderate their
+  dollar sales. "We are not legally authorized to do that," he
+  said.
+      A Bank of Japan official also said the central bank will
+  renew its call on financial institutions to moderate excessive
+  loans for the purpose of land and securities investment as such
+  investments threaten to cause inflation.
+      Bank of Japan Governor Satoshi Sumita had previously
+  expressed concern about excessive investment in land and
+  securities resulting partly from eased credit conditions.
+  
+
diff --git a/reuters/training/12423 b/reuters/training/12423
new file mode 100644
index 0000000000000000000000000000000000000000..09e440344158df12d69c7ae1cf87ce44fba46380
--- /dev/null
+++ b/reuters/training/12423
@@ -0,0 +1,36 @@
+EC SUGAR TENDER SAID TO MARK NO CHANGE IN POLICY
+  The maximum rebate granted at
+  yesterday's European Community (EC) sugar tender marked no
+  change in policy towards producers' complaints that they are
+  losing money on exports outside the EC, EC commission sources
+  said.
+      They said this was despite the fact that the commission
+  accepted over 785,000 tonnes of sugar into intervention
+  yesterday from traders protesting that rebates are being set
+  too low.
+      The maximum rebate at yesterday's tender was 46.864 Ecus
+  per 100 kilos, up from 45.678 Ecus the previous week.
+      London traders said yesterday the rebate was the largest
+  ever granted. The commission sources said today the increase
+  was entirely explained by world market conditions. The amount
+  by which the rebate fell short of what producers claim is
+  needed to obtain an equivalent price to that for sales into
+  intervention remained at 0.87 Ecus per 100 kilos, they said.
+      Operators offered a total of 854,000 tonnes of sugar into
+  intervention last month to protest at rebates which they said
+  were too low. The sources said about 706,470 tonnes of French
+  sugar and 79,000 tonnes of German sugar had been accepted, the
+  remainder being rejected as of too low quality.
+      The sources noted the operators could withdraw their offers
+  in the five week period between the acceptance of the sugar and
+  payment for it.
+      They said they saw no sign of planned withdrawals as yet,
+  adding that they would expect operators to wait another week or
+  two to review commission policy before making up their minds.
+      The sources said the commission felt entitled to offer
+  rebates at slightly below the level theoretically justifiable
+  in the light of its 1987/88 farm price package proposal to
+  reduce guaranteed prices for sugar by two pct from the start of
+  the new season in July.
+  
+
diff --git a/reuters/training/12424 b/reuters/training/12424
new file mode 100644
index 0000000000000000000000000000000000000000..df44b6573394a158a58e76cb156e48c7e8966fc6
--- /dev/null
+++ b/reuters/training/12424
@@ -0,0 +1,17 @@
+KENYAN COFFEE NEEDS RAIN, TRADERS SAY
+  Kenya's late coffee crop is flowering
+  well, but the main coffee areas were generally dry and hot in
+  the week ended Wednesday, trade sources said.
+      "Machakos, Embu, Meru and Kirinyaga in eastern Kenya, and
+  Nyeri and Thika in central, have been dry in the past week. The
+  farmers expect rain this week. If it does not fall output of
+  the late (October-November-December) crop will decline sharply,"
+  one source said.
+      He said that since most growers did not irrigate their crop
+  they could do nothing but wait for rain, the main factor which
+  determines Kenyan coffee production.
+      Two months ago the International Coffee Organization issued
+  a forecast of Kenyan exportable coffee production in the
+  1986/87 (Oct-Sept) season at 1.82 mln bags.
+  
+
diff --git a/reuters/training/12425 b/reuters/training/12425
new file mode 100644
index 0000000000000000000000000000000000000000..67f4c97fa17b6a2a18533b04ea5069610e6ac882
--- /dev/null
+++ b/reuters/training/12425
@@ -0,0 +1,12 @@
+CARGILL U.K. STRIKE TALKS BREAK OFF WITHOUT RESULT
+  Two days of talks between management and
+  unions to try to end the 3-1/2 month labour dispute at Cargill
+  U.K. Ltd's oilseed crushing plant at Seaforth ended yesterday
+  without resolving the situation, a company spokesman said.
+      Fresh talks are expected to be held early next week but the
+  actual date has not yet been fixed, he added.
+      Oilseed processing at the mill has been at a standstill
+  since December 19 and the company has declared force majeure
+  for deliveries of soymeal and soyoil ahead to May.
+  
+
diff --git a/reuters/training/12426 b/reuters/training/12426
new file mode 100644
index 0000000000000000000000000000000000000000..901bf64b9fd867a60744ab86c6cce42231c3e68b
--- /dev/null
+++ b/reuters/training/12426
@@ -0,0 +1,33 @@
+PRICES RISE AT BANGALORE COFFEE AUCTION
+  Prices rose at the fortnightly
+  export auction here on March 25 for sales of 1,907.1 tonnes of
+  coffee from the 1986/87 and 1985/86 crops out of a total
+  offering of 1,940.7 tonnes, the Coffee Board said.
+      Withdrawals amounted to 33.6 tonnes. The type and grade,
+  quantity sold, average prices in rupees per 50 kilos, exclusive
+  of sales tax, with previous prices at the March 11 auction in
+  brackets -
+      1986/87 crop
+      Plantation "A" 592.2   1,284.50 (1,223.50)
+      Plantation "B" 74.1    1,095.50 (1,122.00)
+      Plantation "C"        208.2    1,019.00 (1,017.50)
+      Arabica Cherry "AB"    33.3      976.50  (NA)
+      Arabica Cherry "PB"    22.5      949.00  (NA)
+      Arabica Cherry "C"     58.2      889.50  (NA)
+      Robusta Cherry "AB"    90.9    1,256.00  (NA)
+      Robusta Cherry "PB"    43.8    1,039.50  (NA)
+      Robusta "PMT AB"       49.2    1,255.50  (NA)
+      Robusta "PMT PB"       13.5    1,200.00  (NA)
+      REP Bulk "A"           93.9    1,057.50 (908.50)
+      REP Bulk "B"          256.5    1,079.00 (930.00)
+      Robusta Cherry Bulk    40.2   1,082.50  (NA)
+      Robusta Cherry "C"      9.0     997.00  (NA)
+      Robusta Cherry "BBB"    9.6     700.00  (NA)
+      1985/86 crop
+      Arabica Cherry "AB"   123.3     961.00  (951.50)
+      Arabica Cherry "BBB"  160.8     635.50  (613.50)
+      Robusta Cherry "BBB"    4.2     735.00  (704.50)
+      Monsooned coffee
+      Monsooned Robusta "AA" 23.7   1,265.50  (NA)
+  
+
diff --git a/reuters/training/12428 b/reuters/training/12428
new file mode 100644
index 0000000000000000000000000000000000000000..4d507de23a65f816d34619cb06483087ecbd8b65
--- /dev/null
+++ b/reuters/training/12428
@@ -0,0 +1,13 @@
+U.K. GRAIN EXPORTS CONTINUE TO RISE SHARPLY
+  The U.K. Exported 517,600 tonnes of wheat
+  and 315,800 tonnes of barley in the first 25 days of March, the
+  Home Grown Cereals Authority (HGCA) said, quoting provisional
+  Customs and Excise figures.
+      This brought combined wheat and barley exports since the
+  season started on July 1 to 7.60 mln tonnes, substantially up
+  on the 4.02 mln exported in the same 1985/86 period.
+      This season's total comprises 3.94 mln tonnes of wheat and
+  3.66 mln barley, compared with 1.63 mln and 2.39 mln,
+  respectively, a year ago.
+  
+
diff --git a/reuters/training/12429 b/reuters/training/12429
new file mode 100644
index 0000000000000000000000000000000000000000..233f1adf3e85b73e7168108fe47b6452748b24c0
--- /dev/null
+++ b/reuters/training/12429
@@ -0,0 +1,24 @@
+INDIA'S CREDIT POLICY AIMS TO CONTROL LIQUIDITY
+  India's credit policy package for
+  fiscal 1987/88 (April-March) will help ease inflationary
+  pressures and control the growth of overall liqudity, the
+  Reserve Bank of India (RBI) said in a statement.
+      The package, announced earlier this week, will raise
+  commercial bank statutory liquidity ratios to 37.5 pct from 37
+  pct, effective April 25, and will increase cash reserve ratios
+  on foreign currency (non-resident) accounts to 9.5 pct from
+  three pct, effective May 23, it said.
+      Excess liquidity pushed wholesale and consumer retail
+  prices higher in 1986/87 on previous year levels, RBI governor
+  R. N. Malhotra said in a statement.
+      Malhotra said India's M-3 money supply grew 209.24 billion
+  rupees in the fiscal year to March 13, compared to a growth of
+  155.38 billion in the same period the year before.
+      Commercial bank aggregate deposits rose to 164.10 billion
+  in the same period, against 120.66 billion in the corresponding
+  months of fiscal 1986/87, he said.
+      The Finance Ministry in a report issued in February
+  predicted India's fiscal 1986/87 wholesale price-linked
+  inflation rate at about 6.5 pct against 3.8 pct in 1985/86.
+  
+
diff --git a/reuters/training/1243 b/reuters/training/1243
new file mode 100644
index 0000000000000000000000000000000000000000..ebfa56a75f913bce9bba729bf206bf8e4b67bb4c
--- /dev/null
+++ b/reuters/training/1243
@@ -0,0 +1,10 @@
+INTERNATIONAL TECHNOLOGY <ITX> MAKES ACQUISITION
+  International Technology Corp
+  said it has purchased <Western Emergency Services Inc> in a
+  pooling-of-interests transaction.
+      International Technology, a hazardous materials management
+  company, said it purchased Western Emergency, an environmental
+  services firm, to offer a broader range of environmental
+  services to the Gulf Coast area.
+  
+
diff --git a/reuters/training/12432 b/reuters/training/12432
new file mode 100644
index 0000000000000000000000000000000000000000..0d74e88bd1667f0b93167506786e6abd9f7a9307
--- /dev/null
+++ b/reuters/training/12432
@@ -0,0 +1,52 @@
+BAYER CONFIDENT OF POSTING GOOD 1987 RESULTS
+  Chemicals group Bayer
+  AG <BAYG.F> said it expects to post another good result in 1987
+  after raising pre-tax profit to a new record high in 1986.
+      The company said that this was despite the mark's further
+  strengthening against the dollar and other currencies and
+  despite an increase in competitive pressure.
+      "The further progress of our business will depend largely on
+  the extent to which threats to free trade materialise and on
+  the developments of exchange rates, raw material and energy
+  costs.
+      Bayer said world group pre-tax profit rose to 3.30 billion
+  marks in 1986, exceeding the previous year's record of 3.15
+  billion. Parent company pre-tax profit increased to 1.72
+  billion from 1.62 billion.
+      The company gave no net profit figures or any indication of
+  the likely 1986 dividend. Bayer paid a 10-mark dividend on 1985
+  results, up one mark from a year earlier.
+      Bayer said that world group operating profit declined
+  slightly in 1986 against 1985 but non-operating results showed
+  a further improvement.
+      Bayer said that the decline in world group turnover to
+  40.75 billion marks from 45.93 billion in 1985 reflected mainly
+  the sharp fall in the dollar against the mark.
+      Lower prices on the raw material side had also brought
+  pressure on selling prices, it added.
+      In volume terms, however, 1986 sales rose slightly against
+  1985, the company said without giving details.
+      "The western Europe, North America and Far East regions
+  developed well in local currency, but here too the translation
+  of local currency sales into marks distorted the picture,
+  especially in the case of North America," it said.
+      Bayer said parent company volume sales were also higher in
+  1986, although turnover fell 4.3 pct to 16.77 billion marks.
+      Capacity use was high at the parent company in 1986,
+  resulting in a decline in marginal unit costs. This, combined
+  with savings in raw material and energy costs, helped offset
+  falling prices and cost increases in other areas.
+      The rise in pre-tax parent company profit was due to lower
+  extraordinary expenses and higher net interest income.
+  Plastics, organic chemicals, polyurethanes and coating raw
+  materials all developed well, it said.
+      Turning to the 1986 fourth quarter, Bayer said that world
+  group turnover fell to 9.67 billion marks in the last three
+  months of 1986 from 10.43 billion in the same 1985 period.
+      Parent company turnover in the fourth quarter fell 7.1 pct
+  to 3.69 billion marks, with domestic turnover 4.1 pct lower and
+  foreign turnover 8.6 pct lower.
+      Exports accounted for 65.3 pct of turnover in the quarter
+  against 66.4 pct in the same quarter of 1985.
+  
+
diff --git a/reuters/training/12433 b/reuters/training/12433
new file mode 100644
index 0000000000000000000000000000000000000000..b436b1f8d93462876a3a492f0ff7ef51f70ebee0
--- /dev/null
+++ b/reuters/training/12433
@@ -0,0 +1,5 @@
+ UK reserves rise underlying 1.785 billion dlrs in March - official
+
+   UK reserves rise underlying 1.785 billion dlrs in March - official
+  
+
diff --git a/reuters/training/12435 b/reuters/training/12435
new file mode 100644
index 0000000000000000000000000000000000000000..5b14e174f5d2558fa2fd8f29d0737f456a060e83
--- /dev/null
+++ b/reuters/training/12435
@@ -0,0 +1,24 @@
+U.K. RESERVES SHOW LARGE UNDERLYING RISE IN MARCH
+  Britain's gold and currency reserves
+  showed an underlying rise of 1.785 billion dlrs in March after
+  a 287 mln dlr rise in January, the Treasury said.
+      This was considerably above market expectations for a 650
+  mln dlr rise.
+      The underlying trend, which is a guide to Bank of England
+  operations to support the pound on foreign exchanges, is net of
+  borrowings and repayments.
+      The Treasury declined comment on the figures. Last month it
+  said the Bank of England took the opportunity of strong demand
+  to rebuild reserves after losses last autumn.
+      Actual reserves rose by 1.89 billion dlrs, after rising 305
+  mln in February, to 22.26 billion. Total reserves were revalued
+  to 27.04 billion dlrs, but would have totalled 24.15 billion
+  under the previous valuation, the Treasury said. Gold reserves
+  were revalued by 895 mln dlrs, while SDRs, ECU and convertible
+  currency holdings were revalued by 1.995 billion.
+      Accruals of borrowings under the exchange cover scheme were
+  361 mln dlrs last month, after 36 mln in February. Repayments
+  were 240 mln dlrs after the previous 16 mln. Capital repayments
+  totalled 14 mln dlrs, after February's two mln dlrs repayment.
+  
+
diff --git a/reuters/training/12436 b/reuters/training/12436
new file mode 100644
index 0000000000000000000000000000000000000000..8338e76688014aa77b122d2b8760cbfbc394649d
--- /dev/null
+++ b/reuters/training/12436
@@ -0,0 +1,14 @@
+ZAMBIA EXPECTS SHARPLY REDUCED MAIZE CROP
+  Zambia's marketed maize production will
+  probably fall to less than 630,000 tonnes in 1986/87 (May-Apr),
+  from 918,000 last year, because of poor rainfall in major
+  producing areas, Agriculture Minister Kingsley Chinkuli said.
+      He told Parliament that in the southern provinces the
+  harvest would be over 50 pct down on the level in the previous
+  marketing year.
+      "The nation would be lucky to produce over seven mln bags
+  (630,000 tonnes) of maize this year," he stated.
+      Chinkuli added that Zambia was setting up an irrigation
+  fund with Canadian aid to lessen the effects of poor rainfall.
+  
+
diff --git a/reuters/training/12437 b/reuters/training/12437
new file mode 100644
index 0000000000000000000000000000000000000000..64fe896fce178d3a9540bab6f3d2f83fed920766
--- /dev/null
+++ b/reuters/training/12437
@@ -0,0 +1,14 @@
+JAPAN ASKS BANKS TO MODERATE DOLLAR SALES - JIJI
+  The Finance Ministry has asked commercial
+  banks to moderate their dollar sales, JiJi News Agency
+  reported, quoting financial sources.
+      Finance Ministry officials were unavailable for comment.
+  The report also could not be confirmed by several bank dealers.
+      Earlier, Japanese trust banking sources said the Ministry
+  had asked them to moderate their dollar sales.
+      A Ministry official said earlier this week the ministry had
+  recently surveyed currency transactions by investors, but
+  declined to say whether this aimed at reducing their dollar
+  sales.
+  
+
diff --git a/reuters/training/12439 b/reuters/training/12439
new file mode 100644
index 0000000000000000000000000000000000000000..6d89b7343cf66d09b83b0d8f9c0f8e1729f7eef2
--- /dev/null
+++ b/reuters/training/12439
@@ -0,0 +1,11 @@
+ZIMBABWE BANS POLYPROPYLENE BAGS FOR OILSEEDS
+  Zimbabwe's Grain Marketing Board has
+  banned the packing of oilseeds in locally-made polypropylene
+  bags and will supply jute bags instead, board officials said.
+      It said the quality of oilseeds such as soybeans,
+  groundnuts and sunflower seed packed in polypropylene bags
+  deteriorated after two weeks.
+      Zimbabwe began producing 10 mln polypropylene grain bags
+  this year to replace jute bags imported mainly from Bangladesh.
+  
+
diff --git a/reuters/training/1244 b/reuters/training/1244
new file mode 100644
index 0000000000000000000000000000000000000000..3953cb21996a9cb357163e8c369581ff2159bab0
--- /dev/null
+++ b/reuters/training/1244
@@ -0,0 +1,6 @@
+<D.H. HOWDEN AND CO LTD> INCREASES DIVIDEND
+  Semi-annual 30 cts vs 25 cts prior
+      Pay June 30
+      Record June 15
+  
+
diff --git a/reuters/training/12441 b/reuters/training/12441
new file mode 100644
index 0000000000000000000000000000000000000000..c28fc7c7dabe7e3ef3435bab5f866cd49407d0fd
--- /dev/null
+++ b/reuters/training/12441
@@ -0,0 +1,18 @@
+GUINNESS TO SELL RETAIL INTERESTS
+  Guinness Plc <GUIN.L> said that as part
+  of a new strategy for the company it will be selling its retail
+  interests to concentrate resources on developing its
+  international beverage businesses.
+      Among the firms to be sold are Martin's and Gordon Drummond
+  pharmacies, the 7-Eleven convenience stores, speciality U.S.
+  Food importer Richter Brothers and the health products company
+  Nature's Best/DSL.
+      Guinness said in a statement that the company's strength
+  was in its well known beer and spirits brands.
+      Several had good brand development potential, including
+  Gleneagles, Champneys, Cranks, Hediard and and Guinness
+  publications.
+      Guinness shares were trading at 323p after the announcement
+  after closing yesterday at 317p.
+  
+
diff --git a/reuters/training/12442 b/reuters/training/12442
new file mode 100644
index 0000000000000000000000000000000000000000..f9e39c2e331aaad0b7f14f847023b387538130da
--- /dev/null
+++ b/reuters/training/12442
@@ -0,0 +1,30 @@
+INDUSTRIAL ACTION ENDS AT SOUTH AFRICAN MINE
+  About 8,000 black miners returned
+  to work after a week-long industrial action at South Africa's
+  largest gold mine, mine owner Anglo American Corp of South
+  Africa Ltd <ANGL.J> said.
+      A spokesman for the mining house said the action started on
+  Wednesday last week when thousands of miners staged a go-slow
+  at One underground shaft of the Free State Geduld division of
+  Free State Consolidated Gold Mines Ltd <FSCN.J>.
+      The action later escalated into an underground sit-in at
+  the mine over the weekend, prompting management to close the
+  affected shaft because of what the company described as "the
+  creation of unsafe working conditions."
+      Anglo American spokesman John Kingsley-Jones said the
+  company held talks with the National Union of Mineworkers
+  (NUM), South Africa's biggest trade union which claims a
+  membership of 360,000 black workers, but failed to establish
+  the cause of worker dissatisfaction. He acknowledged that the
+  mine suffered a loss of production, but declined to give
+  estimates.
+      Free State Consolidated last year produced 104 tonnes of
+  gold from 28 underground shafts.
+      The NUM was not immediately available for comment on the
+  action. But a spokesman for the union earlier told the South
+  African Press Association that miners had been locked out of
+  the mine at the weekend after staging a strike in protest
+  against being ordered to carry bags containing explosives as
+  well as food for white miners.
+  
+
diff --git a/reuters/training/12443 b/reuters/training/12443
new file mode 100644
index 0000000000000000000000000000000000000000..02c78d79f18c6e65cd74afc0ce50fdfe33b562e2
--- /dev/null
+++ b/reuters/training/12443
@@ -0,0 +1,58 @@
+COMPROMISE CITED ON SAN MIGUEL SHARES
+  <San Miguel Corp>, SMC, and <United
+  Coconut Planters Bank>, UCPB, have reached a compromise on a
+  disputed block of 38.1 mln shares of SMC, the head of a
+  government panel that controls the sequestered shares said.
+      Ramon Diaz, Chairman of the Presidential Commission on Good
+  Government (PCGG) told Reuters SMC had offered a price of 126
+  pesos per share for the block, held in trust by the UCPB.
+      "It looks good," Diaz said. But he added several issues,
+  including the identity of the ultimate buyers of the shares,
+  had to be resolved before the PCGG gave its approval to the
+  sale.
+      The PCGG's sequestration last year of 33 mln shares aborted
+  SMC's bid to buy them back from 14 trading companies in the
+  UCPB group. The commission said it suspected the shares were
+  actually controlled by Eduardo Cojuangco, an associate of
+  former President Ferdinand Marcos.
+      Cojuango, who headed the boards of both SMC and UCPB when
+  he fled last year after Marcos was toppled, personally owned 24
+  mln shares in SMC. His holdings are also under sequestration.
+      "The shares that SMC now proposes to buy from the UCPB are
+  owned by 1.4 mln coconut farmers," Diaz said. "Naturally we do
+  not want them to go back into the hands of Marcos cronies."
+      PCGG sources said a compromise would end a row over a down
+  payment of 500 mln pesos made by SMC's Hong Kong subsidiary
+  Neptunia Corp Ltd in a bid to buy back the shares last year.
+      The UCPB had said the 500 mln peso payment would be
+  forfeited because SMC Chairman Andres Soriano III had failed to
+  fulfil his commitment to buy back the shares at an originally
+  negotiated price of 3.3 billion pesos.
+      PCGG sources said SMC, the Philippines' largest food and
+  beverage manufacturer, has agreed to sell 14 mln "B" class shares
+  from the 38.1 mln shares to Australian brewer Alan Bond at a
+  price of 150 pesos per share.
+      The PCGG sources said of the proposed 4.79 billion peso
+  transaction, 1.6 billion pesos would be offset against the 500
+  mln peso down payment, the 500 mln pesos worth of preferred
+  shares in UCPB held by SMC, 210 mln pesos in uncollected
+  dividends on the UCPB shares and 400 mln pesos advanced to
+  UCPB-controlled trading companies.
+      The UCPB rejected an original offer of 100 pesos per share
+  made by SMC for 33 mln shares, which grew to 38 mln after a 15
+  pct stock dividend declared in June last year.
+      A spokesman for SMC said the company's 15-member board met
+  today to discuss the proposed compromise.
+      The spokesman declined comment on the outcome of the board
+  meeting, saying the dispute was under arbitration.
+      President Corazon Aquino last month asked SMC and UCPB to
+  set up a three-man arbitration panel to resolve the ownership
+  issue. The panel is due to submit its report by April 15.
+      Eduardo de Los Angeles, a government nominee in the SMC
+  board, filed a formal complaint before the Securities and
+  Exchange Commission last week, accusing Soriano and eight other
+  directors of violating "fiduciary duty."
+      De Los Angeles was said to have opposed a decision by SMC's
+  board last December to assume the 500 mln peso Neptunia loan.
+  
+
diff --git a/reuters/training/12447 b/reuters/training/12447
new file mode 100644
index 0000000000000000000000000000000000000000..d614c65cea3e41f50cb5e0703aa47184a0cb7cd4
--- /dev/null
+++ b/reuters/training/12447
@@ -0,0 +1,73 @@
+LAWSON REMARKS DASH HOPES OF EARLY U.K. RATE CUT
+  Chancellor of the Exchequer Nigel
+  Lawson's remarks yesterday suggesting there are precise
+  exchange rate targets for the pound undermined sterling,
+  dashing hopes for an early cut in U.K. Base rates, analysts
+  said.
+      But the market's reaction, testing exchange rate levels
+  indicated by Lawson, was probably overdone and the longer term
+  outlook for sterling remained bullish, they agreed.
+      In an apparent break with the previous policy of secrecy,
+  Lawson told a National Economic Development Council meeting he
+  was comfortable with sterling exchange rates around current
+  levels, specifying rates of around 1.90 marks and 1.60 dlrs.
+      Lawson added the U.K. Government intended to keep sterling
+  at about present levels, using currency intervention and
+  interest rates to achieve this.
+      The February 22 Paris agreement of the Group of Five and
+  Canada to stabilise exchange rates is widely believed to
+  include target ranges, but all participants to the meeting had
+  so far refused to specify these.
+      Markets were quick to react to the statement, chopping
+  about one U.S. Cent and over one pfennig off the pound to match
+  the levels mentioned by Lawson.
+      But most analysts polled said they did not believe Lawson's
+  statement signalled a change in U.K. Policy.
+      Keith Skeoch, chief economist at stockbrokers James Capel
+  and Co, said, "the remarks have been blown out of proportion.
+  Lawson is paying now for a little bit of a slip of the tongue."
+      Barclays de Zoete Wedd economist Mark Brett said, "there is
+  nothing great and fantastic in the Chancellor's statement."
+      He said he did not believe the rates indicated by the
+  Chancellor were precise targets, but merely represented central
+  rates around which sterling would be allowed to fluctuate,
+  perhaps by as much as 10 pct.
+      "It would be insane to pinpoint an exchange rate ahead of an
+  election ... I don't believe Lawson is mad enough to tie
+  himself to a fixed rate," Brett said.
+      Currency markets were keen for official statements to
+  clarify the scope of the Paris accord and reactivate currency
+  trading. This mood easily led to over-reaction, analysts said.
+      "Making similar statements when the market is high strung
+  and ready to bounce is perhaps a mistake," one senior dealer
+  with a U.S. Bank said.
+      Capel's Skeoch said, "it gives the foreign exchange markets
+  something to shoot at."
+      "It is obvious that the government, as a member of the Group
+  of Six, has agreed exchange rate bands. But they are not cut in
+  stone, they can change with time," Skeoch said.
+      Brett said, "we think the 2.90 marks level is a central
+  rate. Give or take 10 pfennigs and all is fine."
+      Not all analysts played down the significance of the
+  remarks, however. Chris Dunn, economist at Royal Bank of
+  Canada, said the remarks may signal a decisive move to insulate
+  sterling from the fortunes of the dollar.
+      Although about two-thirds of Britain's trade is conducted
+  with European countries, sterling has traditionally shadowed
+  the dollar rather than the mark, analysts noted.
+      "Britain must decide whether it wants to follow the U.S. Or
+  throw in its lot with Europe," Dunn said.
+      "It suggests that while the U.K. Is not actually applying to
+  join the European Monetary System, it is seeking protection by
+  shadowing it ... The Bundesbank has made it clear that it wants
+  the U.K. To clarify its position relative to the mark," he said.
+      Analysts said sterling's dip on currency markets following
+  Lawson's remarks made an early half-point cut in U.K. Base
+  rates from current 10 pct levels unlikely in the short term.
+      "Over the next three weeks, a cut is out, unless we get some
+  extremely good economic indicators," Capel's Skeoch said.
+      Base rates have been cut twice by one-half point in March,
+  the last after the March 17 budget presentation, and analysts
+  had been expecting another half point cut shortly afterwards.
+  
+
diff --git a/reuters/training/12448 b/reuters/training/12448
new file mode 100644
index 0000000000000000000000000000000000000000..f843786c0a1488ccea6d5aa3ee67c2105468d097
--- /dev/null
+++ b/reuters/training/12448
@@ -0,0 +1,5 @@
+NV HOOGOVENS 1986 NET PROFIT 154.6 MLN GUILDERS VS 278.8 MLN -- OFFICIAL
+
+  NV HOOGOVENS 1986 NET PROFIT 154.6 MLN GUILDERS VS 278.8 MLN -- OFFICIAL
+  
+
diff --git a/reuters/training/12449 b/reuters/training/12449
new file mode 100644
index 0000000000000000000000000000000000000000..0baa51b01d11bedd8130c5b85bb0587983deedc1
--- /dev/null
+++ b/reuters/training/12449
@@ -0,0 +1,38 @@
+RANK MAKES INCREASED AVANA OFFER FINAL
+  Ranks Hovis McDougall Plc <RHML.L> said
+  it was making an increased and final offer for the Avana Group
+  Plc <AVNA.L>. The company already holds about 22.9 pct or 7.1
+  mln Avana ordinary shares.
+      It said in a statement the terms of the offer will be 13
+  new Rank Hovis shares for every five Avana ordinary shares,
+  valuing each Avana share at 829p.
+      Avana shareholders will be entitled to receive and retain
+  the net interim dividend of 5.25p per Avana share for the year
+  ending 28 March 1987.
+      Accepting Avana shareholders will also be entitled to
+  receive Ranks Hovis's forecast net interim dividend of 2.65p
+  for the financial year ending 5 September 1987.
+      Ranks Hovis said that full acceptance of the increased
+  offer would result in the issue of a maximum of 72.3 mln new
+  Ranks Hovis shares or about 20 pct of the enlarged issued
+  ordinary share capital of the company.
+      The latest offer will lapse on 17 April. Ordinary
+  shareholders in Avana who accept the increased offer will have
+  the opportunity to elect for cash for all or part of their
+  holdings on the basis of 800p cash for each Avana share.
+      Ranks Hovis said the cash required for the cash alternative
+  would be met by one of several methods.
+      For the first 10 mln Avana shares received opting for the
+  cash alternative, Ranks Hovis would make a cash payment from
+  its own resources.
+      For cash alternatives of more than 10 mln Avana shares,
+  Morgan Grenfell, as agent for participants, will make a
+  separate offer to purchase at 300p per share, net of expenses,
+  up to 46.3 mln Ranks Hovis new shares to which such
+  shareholders will be entitled under the increased offer. This
+  is equivalent to 780p per Avana ordinary.
+      In addition, Ranks Hovis will make a further cash payment
+  of 20p per Avana ordinary. Avana shares traded at 800p after
+  the announcement, 32p up from last night's close of 768p. REUTER
+  
+
diff --git a/reuters/training/1245 b/reuters/training/1245
new file mode 100644
index 0000000000000000000000000000000000000000..a5c46284ef1a4041cd7a213752cc20c978dce582
--- /dev/null
+++ b/reuters/training/1245
@@ -0,0 +1,16 @@
+<CO-STEEL INC> 4TH QTR NET
+  Oper shr 25 cts vs 25 cts
+      Oper net 6,322,000 vs 4,660,000
+      Revs 189.1 mln vs 174.7 mln
+      Avg shrs 23.5 mn vs 17.1 mln
+      Year
+      Oper shr 1.04 dlrs vs 14 cts
+      Oper net 21,929,000 vs 3,629,000
+      Revs 760.2 mln vs 674.8 mln
+      Avg shrs 20.5 mln vs 17.1 mln
+      Note: Qtr shr and net exclude tax gain of 4,573,000 dlrs or
+  17 cts share, versus gain of 17,259,000 dlrs or 1.02 dlrs share
+      Year shr and net exclude tax gain of 15,992,000 dlrs or 78
+  cts share, versus gain of 18,042,000 dlrs or 1.06 dlrs share
+  
+
diff --git a/reuters/training/12453 b/reuters/training/12453
new file mode 100644
index 0000000000000000000000000000000000000000..e17debfadcb652c8317bd7d524d63ff4e0d34c31
--- /dev/null
+++ b/reuters/training/12453
@@ -0,0 +1,14 @@
+U.K. MONEY MARKET GIVEN 345 MLN STG ASSISTANCE
+  The Bank of England said it had provided
+  the money market with 345 mln stg help in the morning session.
+  This compares with its forecast of a shortage of around 800 mln
+  stg in the system today.
+      The central bank made outright purchases of bank bills
+  comprising 58 mln stg in band one at 9-7/8 pct, 227 mln stg in
+  band two at 9-13/16 pct, 56 mln stg in band three at 9-3/4 pct
+  and four mln stg in band four at 9-11/16 pct.
+      Dealers noted that this was the first time bills in band
+  four, which have a maturity of between two and three months,
+  have been dealt in the market since mid-February.
+  
+
diff --git a/reuters/training/12454 b/reuters/training/12454
new file mode 100644
index 0000000000000000000000000000000000000000..16c8fe10c36b65ac1b69bec0e68e3a22e145aec9
--- /dev/null
+++ b/reuters/training/12454
@@ -0,0 +1,32 @@
+CABLE UNIMPRESSED BY NEW JAPANESE TELECOMS OFFER
+  Cable and Wireless Plc <CAWL.L> said new
+  proposals unveiled by Japan for it to become a core member of a
+  merged telecommunications firm to compete for
+  telecommunications contracts did not remove the group's
+  objections.
+      The suggestions by Federation of Economic Organisations
+  official Fumio Watanabe was a formal announcement of proposals
+  made earlier this week and reported in the Japanese press.
+      Cable has a 20 pct stake in one of the two groups trying to
+  compete against Japan's <Kokusai Denshin Denwa Co Ltd> which
+  monopolises Japan's overseas telephone business.
+      But a Cable spokesman said it still believed a merger of
+  the two consortia would be impracticable. "They are like oil and
+  water," he said.
+      The Japanese authorities want only one competitor and have
+  proposed that the two consortia band together. The issue has
+  been taken up by the British government as a test case on the
+  openness of Japanese markets. Watanabe's latest proposals said
+  that the eight core companies of the new group should have
+  equal share holdings but added that they could work out the
+  precise percentages amongst themselves.
+      The reports earlier this week said that Cable would be
+  offered a five pct stake, up from an originally proposed three
+  pct.
+      Despite the apparent differences in stakes offered, the
+  Cable spokesman said the two offers appeared to be essentially
+  the same.
+      Cable shares at 1100 GMT were quoted nine pence firmer at
+  374p.
+  
+
diff --git a/reuters/training/12455 b/reuters/training/12455
new file mode 100644
index 0000000000000000000000000000000000000000..f782eeb7cc04758fded8d34a49e5f25d5061f340
--- /dev/null
+++ b/reuters/training/12455
@@ -0,0 +1,5 @@
+ Bundesbank leaves credit policies unchanged
+
+   Bundesbank leaves credit policies unchanged
+  
+
diff --git a/reuters/training/12456 b/reuters/training/12456
new file mode 100644
index 0000000000000000000000000000000000000000..0450285acb9878ffd1b34fb310f116f2e43d9da8
--- /dev/null
+++ b/reuters/training/12456
@@ -0,0 +1,8 @@
+BUNDESBANK LEAVES CREDIT POLICIES UNCHANGED
+  The Bundesbank left credit policies
+  unchanged after today's regular meeting of its council, a
+  spokesman said in answer to enquiries.
+      The West German discount rate remains at 3.0 pct, and the
+  Lombard emergency financing rate at 5.0 pct.
+  
+
diff --git a/reuters/training/12457 b/reuters/training/12457
new file mode 100644
index 0000000000000000000000000000000000000000..c35656e70336e4f81b98c9b76eb69a1c053af610
--- /dev/null
+++ b/reuters/training/12457
@@ -0,0 +1,32 @@
+JAPAN/U.S. WILL BE AT ODDS WHILE TRADE LOPSIDED
+  Japan is doing all it can to solve its
+  trade problems with the United States but the two nations will
+  remain at odds as long as the trade account is lopsided in
+  Japan's favour, a senior official said.
+      "So long as there is an external imbalance there will be
+  trade friction and ...Harsh words between the two governments,"
+  the Foreign Ministry official told reporters.
+      Last year, Japan racked up a 51.5 billion dlr surplus with
+  the United States and economists said they do not see it
+  falling significantly any time soon.
+      Washington announced plans last week to slap up to 300 mln
+  dlrs in tariffs on Japanese electronic goods, raising the
+  spectre of a trade war between the two countries.
+      "We take the current situation very seriously," said the
+  official, who declined to be identified. "The basic stance of
+  the Japanese government is to tackle the issues with all
+  available resources."
+      The United States has accused Japan of reneging on an
+  agreement that called on it to stop selling cut-price computer
+  microchips in world markets and to try to import more American
+  semiconductors. Tokyo has denied the charges.
+      The Foreign Ministry official refused to rule out Japanese
+  retaliation if America went ahead with its threatened tariffs
+  in the middle of this month. But he said that any response
+  would be in accordance with international law and Japan's
+  international obligations.
+      He added that both Japan and the United States must take
+  account of the impact of their dispute on their own and the
+  world economy.
+  
+
diff --git a/reuters/training/12458 b/reuters/training/12458
new file mode 100644
index 0000000000000000000000000000000000000000..b31e11e8f598716d56dc8ebf220b14966ce905a0
--- /dev/null
+++ b/reuters/training/12458
@@ -0,0 +1,12 @@
+FRANCE SOLD WHEAT FLOUR TO CHINA - ONIC
+  France has sold between 50,000 to 100,000
+  tonnes of wheat flour to China, the Director General of
+  France's Cereal Intervention Board (ONIC) Bernard Vieux said.
+      He gave no further details of the sale, but added French
+  millers were worried about the unfair competition facing French
+  flour due the lack of end-of-season storage premiums for wheat.
+      ONIC raised its estimate of 1986/87 flour exports to 1.70
+  mln tonnes compared 1.65 mln forecast in March and the 1.87 mln
+  exported in 1985/86.
+  
+
diff --git a/reuters/training/1246 b/reuters/training/1246
new file mode 100644
index 0000000000000000000000000000000000000000..70c22b3ef4f85f5a6600c3e75193829eef63ac41
--- /dev/null
+++ b/reuters/training/1246
@@ -0,0 +1,27 @@
+PERU COFFEE CROP UNAFFECTED BY RAINS
+  Recent heavy rains have not affected the
+  Peru coffee crop and producers are looking forward to a record
+  harvest, the president of one of Peru's four coffee cooperative
+  groups said.
+      Justo Marin Ludena, president of the Cafe Peru group of
+  cooperatives which accounts for about 20 pct of Peru's exports,
+  told Reuters a harvest of up to 1,800,000 quintales (46 kilos)
+  was expected this year. He said Peru exported 1,616,101
+  quintales in the year to September 1986.
+      A spokesman for the Villa Rica cooperative said flood
+  waters last month had not reached coffee plantations, and the
+  crop was unaffected.
+      Floods in early February caused extensive damage in Villa
+  Rica, whose coffee cooperative exported 59,960 quintales last
+  year, according to the state-controlled coffee organisation.
+      Marin said the rains would only affect the coffee crop if
+  they continued through to next month, when harvesting starts.
+      He said Peruvian producers were hoping for an increase this
+  year in the 1.3 pct export quota, about 913,000 quintales,
+  assigned to them by the International Coffee Organisation, ICO.
+      He said Peru exported 1,381,009 quintales to ICO members
+  last year with a value of around 230 mln dlrs, and another
+  235,092 quintales, valued at around 35 mln dlrs, to non-ICO
+  members.
+  
+
diff --git a/reuters/training/12460 b/reuters/training/12460
new file mode 100644
index 0000000000000000000000000000000000000000..0350695648ed0575cff9072f4500df450749db0b
--- /dev/null
+++ b/reuters/training/12460
@@ -0,0 +1,25 @@
+DECISION EXPECTED ON U.K ROYAL ORDNANCE SALE
+  U.K. Defence secretary George Younger is
+  expected to announce the government's decision on the sale of
+  state-owned arms manufacturer <Royal Ordnance> today,
+  parliamentary sources said.
+      The government originally intended to float the munitions
+  and explosives concern on the stock market, but last July said
+  a private sale was a more appropriate way to dispose of the
+  firm.
+      The bidders for the company were British Aerospace Plc
+  <BAEL.L> and engineering group GKN Plc <GKN.L>. Royal Ordnance
+  sold its Leeds tank factory last summer to Vickers Plc
+  <VICK.L>.
+      Defence electronics manufacturer Ferranti Plc <FNTI.L> and
+  shipping and property group Trafalgar House Plc <THSL.L> both
+  pulled out of the bidding shortly before last month's deadline.
+      Royal Ordnance made pre-tax profits of 26 mln stg on sales
+  of 487 mln stg in calendar 1985, its first full year of
+  commercial operation. The company has assets of around 240 mln
+  stg and employs 17,000 at 15 sites in Britain.
+      Other state-held companies earmarked for privatisation this
+  year include engine maker <Rolls Royce Plc> and the <British
+  Airports Authorities Plc>.
+  
+
diff --git a/reuters/training/12461 b/reuters/training/12461
new file mode 100644
index 0000000000000000000000000000000000000000..bac8884df87bfb17caa4d8d9d88190d7722f8461
--- /dev/null
+++ b/reuters/training/12461
@@ -0,0 +1,30 @@
+JAPANESE GROUPS URGE DRASTIC ECONOMIC PACKAGE
+  Japan's leading economic organisations
+  urged the Government to prepare drastic pump-priming measures
+  even at the cost of shelving Prime Minister Yasuhiro Nakasone's
+  planned tax reforms, officials involved said.
+      Officials of the Federation of Economic Organisations
+  (Keidanren) said in a meeting with government officials the
+  Government should issue construction bonds as an emergency
+  measure to prop up the economy.
+      Keidanren suggested that proceeds from sales of stocks in
+  the newly-privatised Nippon Telegraph and Telephone Corp should
+  also be used to stimulate the economy.
+      Keidanren Chairman Eishiro Saito said the dollar's fall
+  below 150 yen would create huge unemployment and bankruptcies
+  that could shake the foundation of the Japanese economy.
+      The Keidanren meeting coincided with a written request for
+  drastic reflationary measures sent to the Government by the
+  Japan Chamber of Commerce and Industry.
+      Both organisations called for stepped-up Bank of Japan
+  intervention to stabilise exchange rates.
+      Chamber head Noboru Gotoh told a press conference the
+  awaited economic package should be powerful enough to push up
+  Japan's Gross National Product (GNP) by about two pct.
+      Gotoh said the Government could cope with the present
+  critical economic condition even if it put off its plan to stop
+  the issue of deficit-covering bonds by fiscal 1990.
+      The plan to reduce the fiscal budget is a pillar of
+  Nakasone's fiscal reconstruction program.
+  
+
diff --git a/reuters/training/12462 b/reuters/training/12462
new file mode 100644
index 0000000000000000000000000000000000000000..dd164c7f3f5022ef9d05ba2d4f305698c5a4a3e4
--- /dev/null
+++ b/reuters/training/12462
@@ -0,0 +1,6 @@
+SYRIA SEEKING WHITE SUGAR ON APRIL 8 - TRADE
+  Syria will hold a buying tender on April
+  8 for 36,000 tonnes of white sugar for shipment in June, July
+  and August at a rate of 12,000 tonnes a month, traders said.
+  
+
diff --git a/reuters/training/12463 b/reuters/training/12463
new file mode 100644
index 0000000000000000000000000000000000000000..1642851c0970e831b962975ad7a40c97070512bd
--- /dev/null
+++ b/reuters/training/12463
@@ -0,0 +1,20 @@
+HOOGOVENS EXPECTS CLEAR LOSS IN 1987
+  <Koninklijke
+  Nederlandsche Hoogovens en Staalfabrieken NV> said it expected
+  a "clear loss" for 1987.
+       The company reported its 1986 profits were 44 pct lower at
+  154.6 mln guilders than in the year before.
+       Turnover was 18 pct lower than in 1985.
+       The main reason fo the fall in turnover was the lower rate
+  of the dollar, the company said. The lower costs for raw
+  materials and energy, resulting from the lower dollar, could
+  not compensate the fall in revenues.
+       Costs 5.61 billion guilders vs 6.66 billion
+       Depreciation 457 mln vs 493 mln
+       Operating profit 375 mln vs 598 mln
+       Financial charges 155.1 mln vs 169.4 mln
+       Extraordinary loss 12 rpt 12 mln vs 138 mln
+       Crude steel production five mln tonnes vs 5.3 mln
+       Aluminium production 96,000 tonnes vs same.
+  
+
diff --git a/reuters/training/12464 b/reuters/training/12464
new file mode 100644
index 0000000000000000000000000000000000000000..03293e96eb8bfe6d333a5bba352ab5ad265f7db6
--- /dev/null
+++ b/reuters/training/12464
@@ -0,0 +1,10 @@
+GERMAN MARCH COST OF LIVING DATA CONFIRMED
+  The cost of living was unchanged in
+  March compared with February but stood 0.2 pct lower than in
+  the same month in 1986, the Federal Statistics Office said.
+      This confirms provisional figures released at the end of
+  last month.
+      In February the cost of living in West Germany rose 0.1 pct
+  from January to stand 0.5 pct lower than in February 1986.
+  
+
diff --git a/reuters/training/12465 b/reuters/training/12465
new file mode 100644
index 0000000000000000000000000000000000000000..204fad7f0ba69af465ac4f0fcdac53e4d7437968
--- /dev/null
+++ b/reuters/training/12465
@@ -0,0 +1,14 @@
+SEASONAL STABILISATION SEEN FOR COFFEE PRICES
+  The onset of cooler weather in Brazil
+  during the southern hemisphere winter is expected to have a
+  stabilising effect on a weak coffee market, West German trade
+  sources said.
+      "The annual fear of frost in Brazil will probably grip the
+  market sometime this month until June or early July," one trader
+  said.
+      The trade believes the International Coffee Organization
+  (ICO) is unlikely to tackle the re-introduction of quotas
+  before its September meeting and until then the market will not
+  see any unexpected sharp moves in either direction.
+  
+
diff --git a/reuters/training/12466 b/reuters/training/12466
new file mode 100644
index 0000000000000000000000000000000000000000..d0fc4bc1a071a72ac9a316d0d0527e506a869617
--- /dev/null
+++ b/reuters/training/12466
@@ -0,0 +1,38 @@
+GERMAN INDUSTRIAL OUTPUT RISES 3.2 PCT IN FEBRUARY
+  West German industrial production,
+  seasonally adjusted, rose a provisional 3.2 pct in February
+  after a downwards revised decline of 3.4 pct in January, the
+  Economics Ministry said.
+      The ministry had originally estimated that industrial
+  production fell 3.0 pct in January.
+      The February figure is likely to be revised upwards by just
+  under one percentage point next month when the March figure is
+  released, a ministry statement said.
+      The industrial production index, base 1980, stood at a
+  provisional 104.1 in February against 100.9 in January and
+  104.5 in December. The ministry had previously put the January
+  and December indices at 101.6 and 104.7 respectively.
+      In February 1986 the output index had stood at 103.7,
+  producing a year-on-year rise for February 1987 of 0.4 pct.
+      The February rise in production was aided by a sharp 19 pct
+  increase in construction output compared with January, when
+  production in many industrial sectors was depressed by
+  unusually severe winter weather.
+      Manufacturing industry registered a 3-1/2 pct rise in
+  production in February compared with January. But energy sector
+  output fell nine pct and mining production declined seven pct.
+      The ministry, which considers two-monthly comparisons to be
+  a better guide to trends, said output in January and February
+  together fell around two pct against November and December.
+      The ministry said construction output fell 13-1/2 pct in
+  January/February against November/December due to the cold
+  January weather. Output in the energy sector rose four pct and
+  mining output 10 pct.
+      Manufacturing industry's production fell 1-1/2 pct in
+  January/February compared with November/December.
+      Within this sector, the output of both basic products and
+  of food, tobacco and alcohol fell 1-1/2 pct. Production of
+  capital goods fell 2-1/2 pct while output of consumer goods was
+  unchanged.
+  
+
diff --git a/reuters/training/12468 b/reuters/training/12468
new file mode 100644
index 0000000000000000000000000000000000000000..41d1947c4b82cb5627579bed1cfb17002bcbfcc2
--- /dev/null
+++ b/reuters/training/12468
@@ -0,0 +1,24 @@
+TOSHIBA REGRETS LINK WITH U.K. ACCESS ISSUE
+  Toshiba Corp <TSBA.T> said it regrets its
+  plan to enter the U.K. Business facsimile and telephone market
+  may be caught up in a diplomatic row over the position of Cable
+  and Wireless Plc's <CAWL.L> in the Japanese market.
+      Britain is considering how to retaliate against Japan's
+  attempt to prevent Cable and Wireless from taking a major
+  position in a Japanese international telecommunications
+  venture.
+      "As a matter of timing it is regrettable that this has been
+  linked with the question of market access in Japan," a Toshiba
+  spokesman told Reuters.
+      <Toshiba Information Systems (U.K.) Ltd>, a Toshiba
+  subsidiary, said yesterday it planned to enter the U.K. Market
+  under the Toshiba own brand name and had applied for government
+  approval to do so.
+      Toshiba has supplied equipment to U.K. Manufacturers for
+  sale under their brand names since last year.
+      The Toshiba spokesman said the sale of such equipment was
+  not comparable to Cable and Wireless' efforts to take a stake
+  in the new Japanese telecommunications firm.
+      "They are matters of a different category," he said.
+  
+
diff --git a/reuters/training/12469 b/reuters/training/12469
new file mode 100644
index 0000000000000000000000000000000000000000..63c12859ed5b0d8ca61b862298b761673b32f565
--- /dev/null
+++ b/reuters/training/12469
@@ -0,0 +1,14 @@
+WESTPAC IN N.Z. RAISES INDICATOR LENDING RATE
+  Westpac Banking Corp in New Zealand
+  said it will increase its indicator lending rate by 1.5
+  percentage points to 22.5 pct from April 7.
+      Westpac said in a statement the increase reflects high
+  costs of funding.
+      The bank said nervousness in the wholesale deposit market
+  is creating uncertainty about the immediate outlook for
+  interest rates. Liquidity is expected to remain tight over the
+  next month and this will put upward pressure on interest rates.
+  Base lending indicator rates of the other three trading banks
+  range between 21.0 pct and 21.5 pct.
+  
+
diff --git a/reuters/training/12470 b/reuters/training/12470
new file mode 100644
index 0000000000000000000000000000000000000000..483f71acd04bce9493ef664c9d7893c8bc4039c4
--- /dev/null
+++ b/reuters/training/12470
@@ -0,0 +1,12 @@
+BANK OF JAPAN INTERVENES JUST AFTER TOKYO OPENING
+  The Bank of Japan intervened just after
+  the Tokyo market opened, buying dollars at around 147.65 yen,
+  dealers said.
+      They were unsure of the amount of the central bank's
+  purchasing, but it seemed to prevent the dollar from weakening
+  against the yen amid bearish sentiment for the U.S. Currency,
+  they said.
+      The dollar opened at 147.65 yen against 147.20/30 in New
+  York and 146.90 at the close here yesterday.
+  
+
diff --git a/reuters/training/12471 b/reuters/training/12471
new file mode 100644
index 0000000000000000000000000000000000000000..0450285acb9878ffd1b34fb310f116f2e43d9da8
--- /dev/null
+++ b/reuters/training/12471
@@ -0,0 +1,8 @@
+BUNDESBANK LEAVES CREDIT POLICIES UNCHANGED
+  The Bundesbank left credit policies
+  unchanged after today's regular meeting of its council, a
+  spokesman said in answer to enquiries.
+      The West German discount rate remains at 3.0 pct, and the
+  Lombard emergency financing rate at 5.0 pct.
+  
+
diff --git a/reuters/training/12472 b/reuters/training/12472
new file mode 100644
index 0000000000000000000000000000000000000000..cec2332ef4677c93ea12e035fe3b7c71bff03419
--- /dev/null
+++ b/reuters/training/12472
@@ -0,0 +1,34 @@
+JAPAN WARNS OF ANTI-U.S. SENTIMENT IN TRADE ROW
+  Japan is sending a three-man team to
+  Washington to try to halt threatened trade sanctions that
+  officials warn could spark a wave of anti-U.S. Sentiment here.
+      The team will lay the groundwork for high-level emergency
+  talks next week aimed at defusing an increasingly bitter row
+  over trade in computer microchips, officials said.
+      "The sanctions are against the free trade system," Ministry
+  of International Trade and Industry (MITI) director general
+  Noboru Hatakeyama told reporters, adding: "If these measures are
+  taken, the atmosphere in Japan against the United States would
+  become not so good as before."
+      Other officials were more blunt. "The U.S. Action will have
+  a significant impact on the growing anti-U.S. Feeling (here),"
+  another MITI official said.
+      A senior Foreign Ministry official, who declined to be
+  identified, told Reuters the U.S. Threats have undercut those
+  in the government who argue for conciliation.
+      "There is a very strong argument in Japan that since the
+  United States is imposing tariffs unilaterally, why should we
+  bother doing anything," he said. "Anything we do, we will be
+  bashed."
+      The senior official sounded pessimistic about the
+  likelihood of Prime Minister Yasuhiro Nakasone defusing U.S.
+  Anger over Japanese trade practices when he visits Washington
+  on April 29.
+      "I don't think trade friction will be solved all of a sudden
+  (by the visit)," he said.
+      Nakasone is widely expected to present a package of
+  measures to President Reagan to help contain U.S. Frustration
+  over Japan's large trade surplus.
+      But the senior official played down those expectations.
+  
+
diff --git a/reuters/training/12473 b/reuters/training/12473
new file mode 100644
index 0000000000000000000000000000000000000000..c35656e70336e4f81b98c9b76eb69a1c053af610
--- /dev/null
+++ b/reuters/training/12473
@@ -0,0 +1,32 @@
+JAPAN/U.S. WILL BE AT ODDS WHILE TRADE LOPSIDED
+  Japan is doing all it can to solve its
+  trade problems with the United States but the two nations will
+  remain at odds as long as the trade account is lopsided in
+  Japan's favour, a senior official said.
+      "So long as there is an external imbalance there will be
+  trade friction and ...Harsh words between the two governments,"
+  the Foreign Ministry official told reporters.
+      Last year, Japan racked up a 51.5 billion dlr surplus with
+  the United States and economists said they do not see it
+  falling significantly any time soon.
+      Washington announced plans last week to slap up to 300 mln
+  dlrs in tariffs on Japanese electronic goods, raising the
+  spectre of a trade war between the two countries.
+      "We take the current situation very seriously," said the
+  official, who declined to be identified. "The basic stance of
+  the Japanese government is to tackle the issues with all
+  available resources."
+      The United States has accused Japan of reneging on an
+  agreement that called on it to stop selling cut-price computer
+  microchips in world markets and to try to import more American
+  semiconductors. Tokyo has denied the charges.
+      The Foreign Ministry official refused to rule out Japanese
+  retaliation if America went ahead with its threatened tariffs
+  in the middle of this month. But he said that any response
+  would be in accordance with international law and Japan's
+  international obligations.
+      He added that both Japan and the United States must take
+  account of the impact of their dispute on their own and the
+  world economy.
+  
+
diff --git a/reuters/training/12480 b/reuters/training/12480
new file mode 100644
index 0000000000000000000000000000000000000000..7bd111d26502a280cfaba83a642afd04ba488bf6
--- /dev/null
+++ b/reuters/training/12480
@@ -0,0 +1,12 @@
+BANK OF FRANCE FOREIGN ASSETS RISE LATEST WEEK
+  Weekly figures published by the Bank of
+  France showed its gross foreign assets rose by about two
+  billion francs last week, when it was reported by banks to have
+  intervened on the foreign exchange markets to support the
+  dollar against the yen.
+      The figures showed its gold, foreign currency and other
+  external assets rose to 415.1 billion francs from 413 billion,
+  mainly reflecting a rise to 116.7 billion from 114.7 billion in
+  foreign exchange holdings.
+  
+
diff --git a/reuters/training/12483 b/reuters/training/12483
new file mode 100644
index 0000000000000000000000000000000000000000..e5c2437286b8bf1d488a78686d298ff334a5bc3b
--- /dev/null
+++ b/reuters/training/12483
@@ -0,0 +1,6 @@
+BANKAMERICA <BACP> RAISES PRIME RATE TO 7.75 PCT
+  BankAmerica Corp, following moves
+  by other major banks, said it has raised its prime rate to 7.75
+  pct from 7.50 pct, effective today.
+  
+
diff --git a/reuters/training/12484 b/reuters/training/12484
new file mode 100644
index 0000000000000000000000000000000000000000..bbbab561f8d48cb589eb4edc5afcc80846b05ebe
--- /dev/null
+++ b/reuters/training/12484
@@ -0,0 +1,19 @@
+LME DETAILS MARCH 1987 TURNOVER
+  The London Metal Exchange, LME, issued
+  turnovers for March 1987, with figures for corresponding period
+  1986 in brackets.
+      All in tonnes except Silver which in troy ounces.
+      Copper higher grade nil (2,526,425), Standard cathodes nil
+  (6,325), Grade A 2,429,200 (nil), Standard Copper 17,050 (nil),
+  Lead 443,850 (538,750), Zinc High grade 598,550 (304,825),
+  Silver large 10,350,000 (17,400,000), Small nil (2,000),
+  Aluminium 1,693,375 (1,301,850), Nickel 62,004 (65,040).
+      Cumulative figures for January-March were as follows -
+  Copper higher grade nil (7,703,625), Standard cathodes nil
+  (24,700), Grade A 6,455,525 (nil), Standard Copper 62,075
+  (nil), Lead 1,567,000 (1,979,750), Zinc High grade 1,746,675
+  (1,356,400), Silver large 41,770,000 (65,620,000), Small nil
+  (8,000), Aluminium 4,984,650 (4,974,950), Nickel 199,944
+  (179,328).
+  
+
diff --git a/reuters/training/12485 b/reuters/training/12485
new file mode 100644
index 0000000000000000000000000000000000000000..754e5af42627378793485f7aeb88db4a3157235a
--- /dev/null
+++ b/reuters/training/12485
@@ -0,0 +1,22 @@
+NEWS CORP <NWS> STARTS HARPER/ROW <HPR> BID
+  News Corp Ltd of Australia said it has
+  started its previously announced tender offer for all shares of
+  Harper and Row Publishers Inc at 65 dlrs per share.
+      In a newspaper advertisement, the company said the offer is
+  conditioned on received of at least 51 pct of Harper and Row's
+  shares.  The offering and withdrawal rights expire April 29
+  unless extended.
+      A merger at the tender price is to follow the offer, which
+  has been approved by the Harper and Row board.  Harper and Row
+  has granted NEw Corp an option to buy up to 800,000 new shares
+  or a 15.4 pct interest at 65 dlrs each.
+      News Corp said if the merger agreement were terminated
+  under certain circumstances, News would be entitled to a 16 mln
+  dlr cash payment.
+      Last month, Theodore Cross offered to acquire Harper and
+  Row for 34 dlrs per share but was soon outbid by Harcourt Brace
+  Jovanovich Inc, which offered 50 dlrs per share.  Late in the
+  month, Harper and Row said its board had received expressions
+  of interest from a number of domestic and foreign companies.
+  
+
diff --git a/reuters/training/12487 b/reuters/training/12487
new file mode 100644
index 0000000000000000000000000000000000000000..ff17bf5461544ec7c00111f7e8a8f8e008fce224
--- /dev/null
+++ b/reuters/training/12487
@@ -0,0 +1,36 @@
+INTERNATIONAL TECHNOLOGY <ITX> SEES 4TH QTR LOSS
+  International Technology corp
+  said it expects to report a loss for the fourth quarter ended
+  March 31 of about 20 cts per share, compared with a
+  year-earlier profit of 11 cts.
+      The company blamed the expected loss on regulatory and
+  permitting issues that limited the full utilization of
+  hazardous waste treatment cites in Califoirnia, continued
+  startup delays for major remediation projects, the writeoff of
+  an investment in a subsidiary and a settlem,ent with the
+  California Attorney General's Office and Department of Health
+  Services.
+      The company said the settlement relates to regulatory
+  violations alleged by the U.S. Environmental Protection Agengy
+  and the California Health Services department at the company's
+  Vine Hill and Panoche treatment facilities in Northern
+  California.
+      It said under the agreement, it will pay the state
+  2,100,000 dlrs in civil penalties over a two-year period and
+  pay 500,000 dlrs over five years to local medical facilities as
+  part of a community awareness and emergency response program
+  developed by local communities.  The expenses will be charged
+  against fourth quarter results, it said.
+      The company said it has agreed as well to make compliance
+  and public safety capital expenditures of about 600,000 dlrs.
+      It said it has now received an operating permit for a new
+  250,000 cubic yard landfill cell at its Imperial County,
+  Calif., from the Health Services department.
+      The company said the Panoche facility remains closed but is
+  expected to reopen for liquid and sludge receipts in the near
+  future.  But it said receipts of solid material, which had
+  accounted for the majority of the revenue at the site, could be
+  restricted until 1988 pending resolution of capacity issues in
+  the Panoche site permit.
+  
+
diff --git a/reuters/training/12488 b/reuters/training/12488
new file mode 100644
index 0000000000000000000000000000000000000000..1ad0ed7158b8f01ebd01e470b615ad43d5d529d7
--- /dev/null
+++ b/reuters/training/12488
@@ -0,0 +1,32 @@
+WESTLB LUXEMBOURG REPORTS LOWER 1986 NET PROFIT
+  Westdeutsche Landesbank Girozentrale
+  <WELG.F> said its wholly-owned Luxembourg subsidiary WestLB
+  International SA posted a decline in 1986 net profit to 12.6
+  mln marks from 48.5 mln a year earlier.
+      WestLB International will pay a 12.5 mln mark dividend to
+  WestLB, down from 47.7 mln a year earlier.
+      The dividend was lower than in 1985 because the record
+  profit of the previous year could not be repeated, due to
+  changed market conditions, it said. Increased funds were also
+  allocated for provisions. Business in the first three months of
+  1987 developed positively, it added.
+      WestLB International set aside 115.3 mln marks for
+  international credit risks in 1986, up from 97.4 mln marks in
+  1985, bringing the total amount of provisions shown in the
+  balance sheet to 580.3 mln marks.
+      Operating profit fell to 122 mln marks in 1986 from 150 mln
+  in 1985. Balance sheet total fell to 9.7 billion marks from
+  10.8 billion, reflecting the lower dollar and the fact that
+  credit business redemptions were not fully offset by new
+  lending.
+      The statement said WestLB International's business with
+  private customers showed a pleasing expansion last year.
+      This development was aided by cooperation between the bank
+  and the savings banks in the West German state of North
+  Rhine-Westphalia, where parent bank WestLB is based.
+      Deposits by non-banks rose more than 40 pct to a total of
+  1.1 billion.
+      WestLB International said it plans to expand its range of
+  services for private clients.
+  
+
diff --git a/reuters/training/12489 b/reuters/training/12489
new file mode 100644
index 0000000000000000000000000000000000000000..960fdcfa2ef6dc199d2a1a5ca1d50a099eb75c83
--- /dev/null
+++ b/reuters/training/12489
@@ -0,0 +1,13 @@
+40 MINERS TRAPPED BY FIRE IN GASPE COPPER MINE
+  Some 40 miners were trapped
+  underground today by a fire in a copper mine in the Gaspe area
+  of eastern Quebec, officials said.
+      There were no reports of any deaths.
+      A mine official said that the fire broke out last night and
+  about 25 of the miners made it to safety.
+      He said telephone contact had been established with the
+  trapped miners but they could not be brought to the surface
+  until the fire was extinguished.
+      The cause of the fire was not known.
+  
+
diff --git a/reuters/training/12490 b/reuters/training/12490
new file mode 100644
index 0000000000000000000000000000000000000000..d0cfd3bb8eb85a1da04dd754a9088a82f1854835
--- /dev/null
+++ b/reuters/training/12490
@@ -0,0 +1,22 @@
+OTHER MILDS COFFEE PRODUCERS TO MEET MAY 4
+  Coffee producers belonging to the "Other
+  Milds" group will meet May 4 in Guatemala to discuss the
+  possibility of restoring export quotas, producer delegates told
+  reporters after the closing session of the International Coffee
+  Organization, ICO, executive board meeting.
+      The "Other Milds" group, comprising Costa Rica, Dominican
+  Republic, Ecuador, El Salvador, Guatemala, Honduras, India,
+  Mexico, Nicaragua, Papua New Guinea and Peru, might consult
+  with Brazil and Colombia on this meeting, but it was not
+  certain whether these two countries would attend, they said.
+      The ICO board meeting ended without moves to restart
+  negotiations on quotas, which broke down last month, producer
+  delegates said.
+      Producers are expected to hold other consultations in the
+  coming months on how to proceed with quota negotiations, but no
+  date for a full producer meeting has been mentioned, they said.
+      The board completed reports on stock verification and the
+  next regular board session will be in Indonesia June 1-5,
+  delegates said.
+  
+
diff --git a/reuters/training/12492 b/reuters/training/12492
new file mode 100644
index 0000000000000000000000000000000000000000..f0dbeafc46febb97806c965177e53d90dbf739aa
--- /dev/null
+++ b/reuters/training/12492
@@ -0,0 +1,10 @@
+<ALOHA INC> BUYOUT COMPLETED
+  Aloha Inc said its leveraged buyout by
+  AQ Corp, which acquired 91 pct of Aloha common and 82 pct of
+  Aloha preferred in a tender offer that concluded December 26,
+  has been completed for 28.50 dlrs per common or preferred
+  share.
+      AQ is controlled by Aloha chairman Hung Wo Ching, vice
+  chairman Sheridan C.F. Ing and president A. Maurice Myers.
+  
+
diff --git a/reuters/training/12494 b/reuters/training/12494
new file mode 100644
index 0000000000000000000000000000000000000000..ff0432262f1a2fd204c5b095f6662e3e405883a8
--- /dev/null
+++ b/reuters/training/12494
@@ -0,0 +1,14 @@
+U.K. MONEY MARKET GIVEN FURTHER 152 MLN STG HELP
+  The Bank of England said it had given the
+  money market a further 152 mln stg assistance in the afternoon
+  session.
+      This takes the Bank's total help so far today to 497 mln
+  stg and compares with its forecast of a shortage in the system
+  of around 700 mln stg which it earlier revised down from 800
+  mln.
+      The central bank made outright purchases of bank bills
+  comprising 34 mln stg in band one at 9-7/8 pct, 39 mln stg in
+  band two at 9-13/16 pct, 51 mln stg in band three at 9-3/4 pct
+  and 28 mln stg in band four at 9-11/16 pct.
+  
+
diff --git a/reuters/training/12495 b/reuters/training/12495
new file mode 100644
index 0000000000000000000000000000000000000000..1bd3cb9f3161388898309cd17e0cc10c5650b810
--- /dev/null
+++ b/reuters/training/12495
@@ -0,0 +1,5 @@
+ BANK OF FRANCE LEAVES INTERVENTION RATE UNCHANGED AT 7-3/4 PCT - OFFICIAL
+
+   BANK OF FRANCE LEAVES INTERVENTION RATE UNCHANGED AT 7-3/4 PCT - OFFICIAL
+  
+
diff --git a/reuters/training/125 b/reuters/training/125
new file mode 100644
index 0000000000000000000000000000000000000000..f85d9b4d2be9fbc232692cf5e71cd2ddb8efbf44
--- /dev/null
+++ b/reuters/training/125
@@ -0,0 +1,14 @@
+HONG KONG FIRM UPS WRATHER<WCO> STAKE TO 11 PCT
+  Industrial Equity (Pacific) Ltd, a
+  Hong Kong investment firm, said it raised its stake in Wrather
+  Corp to 816,000 shares, or 11.3 pct of the total outstanding
+  common stock, from 453,300 shares, or 6.3 pct.
+      In a filing with the Securities and Exchange Commission,
+  Industrial Equity, which is principally owned by Brierley
+  Investments Ltd, a publicly held New Zealand company, said it
+  bought 362,700 Wrather common shares between Feb 13 and 24 for
+  6.6 mln dlrs.
+      When it first disclosed its stake in Wrather earlier this
+  month, it said it bought the stock for investment purposes.
+  
+
diff --git a/reuters/training/12500 b/reuters/training/12500
new file mode 100644
index 0000000000000000000000000000000000000000..2205ba414c66aa31e1060f5d7cda34248120356e
--- /dev/null
+++ b/reuters/training/12500
@@ -0,0 +1,10 @@
+FRENCH FREE MARKET CEREAL EXPORT BIDS DETAILED
+  French operators have requested licences
+  to export 422,000 tonnes of free market maize, 212,000 tonnes
+  of barley and 20,000 tonnes of feed wheat at today's EC tender,
+  trade sources said.
+      For the maize, rebates requested range between 129.25 and
+  138.74 European currency units per tonne, for the barley
+  between 138.94 and 145 Ecus and for feed wheat 141.75 Ecus.
+  
+
diff --git a/reuters/training/12501 b/reuters/training/12501
new file mode 100644
index 0000000000000000000000000000000000000000..4edf8004e0ee4e0c011b682a1170a3b5e0cca69b
--- /dev/null
+++ b/reuters/training/12501
@@ -0,0 +1,11 @@
+BANK OF FRANCE LEAVES INTERVENTION RATE UNCHANGED
+  The Bank of France said it left its
+  intervention rate unchanged at 7-3/4 pct when it injected funds
+  to the market against first category paper in todays money
+  market intervention tender.
+      Money market dealers had earlier expressed mixed views on a
+  possible quarter point cut.
+      The rate was last adjusted on March 9, when it was reduced
+  to 7-3/4 pct from the eight pct rate set in January.
+  
+
diff --git a/reuters/training/12503 b/reuters/training/12503
new file mode 100644
index 0000000000000000000000000000000000000000..da31a7842887bcb3efafad689142a1575db6c2d1
--- /dev/null
+++ b/reuters/training/12503
@@ -0,0 +1,12 @@
+NP ENERGY <NPEEQ> SAYS TRUSTEE APPOINTED
+  NP Energy Corp said the U.S.
+  Bankruptcy Court has indicated it will appoint a trustee to
+  oversee the company's Chapter 11 bankruptcy proceedings.
+      It said it hopes the appointment will thwart "hostile"
+  actions being pursued by two unsecured creditors to whose
+  claims the company objects.
+      NP further said the Nielsen 1-20 well in Duchesne County,
+  Utah, has tested 300 barrels of oil per day.  NP owns a 61 pct
+  working interest.
+  
+
diff --git a/reuters/training/12504 b/reuters/training/12504
new file mode 100644
index 0000000000000000000000000000000000000000..ddd1a4507a582d44aef1a903bac84cfc44c8006e
--- /dev/null
+++ b/reuters/training/12504
@@ -0,0 +1,14 @@
+CPC INTERNATIONAL <CPC> SELLS SOUTH AFRICAN UNIT
+  CPC International Inc
+  said it has completed the sale of its South African subsidiary
+  Robertsons Pty Ltd to a consortium of European and South
+  African investors for an undisclosed amount in excess of book
+  value due to the increasing difficulty of operating there.
+      It said the operation accounted for less than two pct of
+  worldwide sales of 4.5 billion dlrs in 1986.
+      The company said small royalties expected to result from
+  use of CPC trademarks by the new owners will be utilized for
+  social programs in south Africa."  It said no significant
+  impact on earnings is expected from the sale.
+  
+
diff --git a/reuters/training/12505 b/reuters/training/12505
new file mode 100644
index 0000000000000000000000000000000000000000..c9fd9a5358659707330296ddc4c46983704d8950
--- /dev/null
+++ b/reuters/training/12505
@@ -0,0 +1,10 @@
+<GIANT YELLOWKNIFE MINES LTD> 4TH QTR NET
+  Shr 23 cts vs 46 cts
+      Net 987,000 vs 1,990,000
+      Revs 14.6 mln vs 15.0 mln
+      Year
+      Shr 89 cts vs 1.32 dlrs
+      Net 3,846,000 vs 5,690,000
+      Revs 58.1 mln vs 56.6 mln
+  
+
diff --git a/reuters/training/12506 b/reuters/training/12506
new file mode 100644
index 0000000000000000000000000000000000000000..1ff57da8d76c17b1000dc41e804a226b28a36969
--- /dev/null
+++ b/reuters/training/12506
@@ -0,0 +1,10 @@
+NORTH EAST INSURANCE CO <NEIC> 4TH QTR LOSS
+  Shr loss 85 cts vs loss 1.36 dlrs
+      Net loss 1,653,386 vs loss 2,646,876
+      Year
+      Shr loss 12 cts vs loss 1.30 dlrs
+      Net loss 236,469 vs loss 2,522,293
+      NOTE: Year net includes realized investment gains of
+  734,609 dlrs vs 645,438 dlrs.
+  
+
diff --git a/reuters/training/12507 b/reuters/training/12507
new file mode 100644
index 0000000000000000000000000000000000000000..7ab51ae309f4fe8fcf031797d2ddb855b40da0b0
--- /dev/null
+++ b/reuters/training/12507
@@ -0,0 +1,12 @@
+U.S. FIRST TIME JOBLESS CLAIMS ROSE IN WEEK
+  New applications for unemployment
+  insurance benefits rose to a seasonally adjusted 355,000 in the
+  week ended March 21 from 341,000 in the prior week, the Labor
+  Department said.
+      The number of people actually receiving benefits under
+  regular state programs totaled 2,480,000 in the week ended
+  March 14, the latest period for which that figure was
+  available.
+      That was up from 2,454,000 the previous week.
+  
+
diff --git a/reuters/training/12508 b/reuters/training/12508
new file mode 100644
index 0000000000000000000000000000000000000000..199fcfaa24af242088c671432fde34110ebb1049
--- /dev/null
+++ b/reuters/training/12508
@@ -0,0 +1,5 @@
+MELLON BANK EXPECTS TO REPORT A FIRST QUARTER LOSS OF 55 MLN TO 65 MLN DLRS
+
+  MELLON BANK EXPECTS TO REPORT A FIRST QUARTER LOSS OF 55 MLN TO 65 MLN DLRS
+  
+
diff --git a/reuters/training/12509 b/reuters/training/12509
new file mode 100644
index 0000000000000000000000000000000000000000..45b7081674044395dd2bca7241af6369640a7d15
--- /dev/null
+++ b/reuters/training/12509
@@ -0,0 +1,6 @@
+FIRST CHICAGO <FNB> RAISES PRIME RATE
+  First Chicago Corp said its First
+  National Bank of Chicago raised its prime rate to 7-3/4 pct
+  from 7-1/2 pct, effective immediately.
+  
+
diff --git a/reuters/training/1251 b/reuters/training/1251
new file mode 100644
index 0000000000000000000000000000000000000000..a5f409febc40115fd1243dac2afc3fe406f572a3
--- /dev/null
+++ b/reuters/training/1251
@@ -0,0 +1,15 @@
+WILLCOX AND GIBBS INC <WG> 4TH QTR NET
+  Oper shr 42 cts vs 41 cts
+      Oper net 2,322,000 vs 1,785,000
+      Sales 72.3 mln vs 59.8 mln
+      Avg shrs 5,527,000 vs 4,355,000
+      Year
+      Oper shr 1.48 dlrs vs 1.40 dlrs
+      Oper net 7,637,000 vs 5,973,000
+      Sales 261.7 mln vs 224.7 mln
+      Avg shrs 5,165,000 vs 4,277,000
+      NOTE: 1985 operating net excludes gains of 1,523,000 dlrs,
+  or 35 cts a share, in quarter and 5,090,000 dlrs, or 1.19 dlrs
+  a share, in year from tax carryforwards
+  
+
diff --git a/reuters/training/12511 b/reuters/training/12511
new file mode 100644
index 0000000000000000000000000000000000000000..069cc30674da9f8f02c43737e0f5898eff7af61d
--- /dev/null
+++ b/reuters/training/12511
@@ -0,0 +1,5 @@
+MELLON BANK SAYS IT WILL CUT DIVIDEND TO 35 CTS A SHR FROM 69 CTS
+
+  MELLON BANK SAYS IT WILL CUT DIVIDEND TO 35 CTS A SHR FROM 69 CTS
+  
+
diff --git a/reuters/training/12512 b/reuters/training/12512
new file mode 100644
index 0000000000000000000000000000000000000000..6221cbaaef228e1803a940a071209bc2a3facd37
--- /dev/null
+++ b/reuters/training/12512
@@ -0,0 +1,12 @@
+AMERICAN BARRICK <ABX> SELLS OHIO ASSETS
+  American Barrick Resources Corp said it
+  sold two coal supply agreements and substantially all assets at
+  its two coal mines in Ohio to <Peabody Coal Co> of Henderson,
+  Kentucky, for an undisclosed price.
+      The company said proceeds from this sale, together with the
+  sale of the remaining coal assets, should allow it to fully
+  recover its investment in the operations.
+      It said the transactions will complete its previously
+  announced plan to sell all non-gold assets.
+  
+
diff --git a/reuters/training/12514 b/reuters/training/12514
new file mode 100644
index 0000000000000000000000000000000000000000..9c696cfa2f09f24685b523cd798f74d8917d9de3
--- /dev/null
+++ b/reuters/training/12514
@@ -0,0 +1,5 @@
+COMERICA <CMCA> RAISES PRIME RATE
+  Comerica Inc said it raised its prime
+  interest rate to 7-3/4 pct from 7-1/2 pct, effective April 1.
+  
+
diff --git a/reuters/training/12515 b/reuters/training/12515
new file mode 100644
index 0000000000000000000000000000000000000000..582f90328f3e2a02534a03ddfd0f7076f603e1ea
--- /dev/null
+++ b/reuters/training/12515
@@ -0,0 +1,15 @@
+NORTH EAST <NEIC> MAY VIOLATE CAPITAL RULES
+  North East Insurance Co said due
+  to the magnitude of its losses in 1986 and 1985, it may be
+  found in violation of minimum capital and surplus requirements
+  by officials in Maine and New York and be subject to sanctions
+  and administrative actions in those and other states.
+      The company today reported a 1986 loss of 236,469 dlrs,
+  after realized investment gains of 734,609 dlrs, compared with
+  a 1985 loss of 2,522,293 dlrs, after investment gains of
+  645,438 dlrs.  Its fourth quarter net loss was 1,653,386 dlrs,
+  compared with 2,646,876 dlrs.
+      The company said its fourth quarter and year losses
+  resulted from additions to loss reserves.
+  
+
diff --git a/reuters/training/12516 b/reuters/training/12516
new file mode 100644
index 0000000000000000000000000000000000000000..71d4ce615bf51ddb0783c67324dea48568f4119c
--- /dev/null
+++ b/reuters/training/12516
@@ -0,0 +1,9 @@
+ELECTROMEDICS INC <ELMD> YEAR NET
+  Shr profit nil vs loss three cts
+      Net profit 140,022 vs loss 882,869
+      Revs 13.3 mln vs 8,870,035
+      Avg shrs 45.0 mln vs 35.0 mln
+      Backlog 1,683,000 vs 978,000
+      NOTE: Current year net includes tax credit of 51,000 dlrs.
+  
+
diff --git a/reuters/training/12517 b/reuters/training/12517
new file mode 100644
index 0000000000000000000000000000000000000000..63096075d708cb2aabcb8f881ffb0c252da1bd9f
--- /dev/null
+++ b/reuters/training/12517
@@ -0,0 +1,9 @@
+ELECTROMEDICS <ELMD> TO TAKE 1ST QTR CHARGE
+  Electromedics Inc said it
+  expects to take a 150,000 dlr charge against first quarter
+  results due to the conversion of debentures.
+      The company said, however, it expects "positive" operating
+  comparisons for the period.  Electromedics lost 6,000 dlrs in
+  last year's first quarter.
+  
+
diff --git a/reuters/training/1252 b/reuters/training/1252
new file mode 100644
index 0000000000000000000000000000000000000000..8bdf713353b89c9b71828e359aedb2388c78048e
--- /dev/null
+++ b/reuters/training/1252
@@ -0,0 +1,57 @@
+GE <GE> PROFIT OUTLOOK AIDED BY ENGINE ORDER
+  One of General Electric Co's biggest
+  businesses, aircraft engines, will ride a wave of increasing
+  profits into 1991 because of a new contract worth 650 mln dlrs,
+  Wall Street analysts said.
+      Previously, it was expected the business would peak and
+  decline at some point in the next five years. The improved
+  outlook results from AMR Corp's <AMR> decision to order 40 new
+  planes powered by CF6-80C2 GE engines.
+      "Creative financial footwork helped GE get the order," said
+  Nicholas Heymann, analyst at Drexel Burnham Lambert Inc.
+      AMR declined to go into detail on financing arrangements
+  for its order of 15 Boeing Co <BA> and 25 <Airbus Industrie>
+  twinjet long distance aircraft.
+      But AMR said it was using "rent-a-plane leases" that allow
+  it to operate the aircraft without adding to its debt
+  structure. AMR also has the right to decline delivery of the
+  planes or return them on short notice. The arrangement protects
+  AMR in the case of an unexpected development such as a severe
+  downturn in the economy.
+      From GE's point of view the package looks like a good deal
+  for several reasons, Heymann said.
+      GE will be able to record revenue as a sale at the time of
+  delivery, Heymann noted.
+      And if for some reason AMR decides not to take the planes
+  GE's financial arm, General Electric Financial Services Inc,
+  would have little trouble rounding up another airline that
+  wanted the fuel efficient planes. On the whole, the deal
+  appears to pose little risk for GE, Heymann said.
+      GE's stock declined 1/4 to 103-1/2 on 625,000 shares by
+  midafternoon. H.P. Smith, analyst at Smith Barney, Harris Upham
+  and Co said for a 40 billion dlr (revenue) company "no one
+  order will have much of an effect on the stock."
+      Russell Leavitt, analyst at Salomon Brothers Inc, said the
+  order "will help to maintain a good level of production and
+  profitability in the aircraft engine business" for GE.
+      Heymann sees operating profits from GE's jet engine
+  business rising from 870 mln dlrs last year to 1.3 billion dlrs
+  by 1991.
+      Revenue from jet engines was close to six billion dlrs last
+  year, with well over half of the business in the military
+  sector, according to analysts' estimates.
+      The rosy outlook for GE's jet engine business coincides
+  with an upbeat performance in other segments.
+      Heymann expects GE to earn 1.39 dlrs per share in the first
+  quarter of 1987. Saying many will be suprised by the results,
+  he believes GE has shown through its acquisition of RCA Corp
+  that it has a "unique ability" to buy a major business and
+  reshape it, pruning some parts and recombining parts with other
+  elements of its 14 business areas.
+      Smith sees GE earning 1.35 dlrs per share in the current
+  quarter. He credits good results at RCA, in turn aided by the
+  NBC broadcasting operation, and lower interest rates.
+      Leavitt sees 1.40 dlrs for the current quarter, in part
+  crediting "significant benefits from the RCA acquisition."
+  
+
diff --git a/reuters/training/12520 b/reuters/training/12520
new file mode 100644
index 0000000000000000000000000000000000000000..d1314a8d458508db8ed35097eec875c315d3c76c
--- /dev/null
+++ b/reuters/training/12520
@@ -0,0 +1,11 @@
+SHELDAHL INC <SHEL> 2ND QTR FEB 28 NET
+  Shr 24 cts vs four cts
+      Net 663,000 vs 109,000
+      Sales 20.5 mln vs 13.9 mln
+      Six mths
+      Shr 48 cts vs nine cts
+      Net 1,311,000 vs 255,000
+      Sales 43.2 mln vs 30.0 mln
+      Avg shrs 2,719,205 vs 2,804,048
+  
+
diff --git a/reuters/training/12521 b/reuters/training/12521
new file mode 100644
index 0000000000000000000000000000000000000000..00227412b88c09eaa70895a0462f2437ee70cf00
--- /dev/null
+++ b/reuters/training/12521
@@ -0,0 +1,58 @@
+MELLON <MEL> SEES LARGE FIRST-QUARTER LOSS
+  Mellon Bank Corp said it expects
+  to report a loss for the first quarter in the range of 55 mln
+  to 65 mln dlrs or 2.13 to 2.15 dlrs a share.
+      The company also said it intends to reduce its second
+  quarter common stock dividend to 35 cts a share from 69 cts.
+      Mellon said it will make a provision for loan losses in the
+  first quarter of 175 mln dlrs, reflecting about 95 mln dlrs in
+  charge-offs and 80 mln dlrs in additions to the loan-loss
+  reserve.
+      It will also put 310 mln dlrs in Brazilian loans on a cash
+  basis, resulting in interest reversals of 10 mln dlrs.
+      In the first quarter of 1986, Mellon earned 60.4 mln dlrs
+  or 2.13 dlrs a share.
+      Chairman David Barnes said the loan charge-offs and
+  increased provisions address four areas of concern in the
+  bank's wholesale lending portfolio - the energy sector,
+  developing countries, some basic industrial companies and
+  several commercial real estate businesses.
+      Mellon said the loan loss reserve at the end of the first
+  quarter is estimated to be 575 mln dlrs, or about 2.5 pct of
+  the loan book, compared with 493.8 mln dlrs or 2.17 pct of
+  total loans at the end of 1986.
+      Mellon said its primary capital ratio at the end of the
+  first quarter will be in line with the end-1986 figure of 7.23
+  pct, well in excess of regulatory guidelines.
+      Non-performing loans at quarter-end are estimated at 1.45
+  billion dlrs, or 6.5 pct of the loan portfolio, compared with
+  928 mln dlrs or 3.94 pct at the end of 1986.
+      Barnes noted that Mellon has a bigger involvement in
+  energy-based lending than many other banks. Because of the lack
+  of a substantial recovery in energy prices this year,
+  especially in natural gas prices, it was felt prudent to
+  increase reserves and take losses on loans in this sector.
+      "This action relates both to loans to companies directly
+  involved in energy, as well as loans to real estate developers,
+  home builders and financial institutions in the Southwestern
+  United States," Barnes said.
+      As for LDC loans, he said Mellon had removed about 80 mln
+  dlrs in fully current Argentine loans from cash basis but had
+  charged off about 20 mln dlrs in private-sector Mexican debt.
+      He said Mellon, which was ordered in December to quit
+  Brazil because of its refusal to renew some short-term credit
+  lines, expects to participate in efforts to helpt Brazil and
+  other sovereign borrowers to reschedule their debts.
+      Loans to basic industries were not major contributors to
+  the increase in non-performing assets or to first-quarter
+  charge offs, but Mellon said it remains concerned about the
+  absence of a strong recovery in steel and related industries.
+      The increase in reserves, the dividend cut and continued
+  management cost-cutting are aimed at ensuring that Mellon has
+  the financial strength to deal with current uncertainties,
+  Barnes said.
+      "We cannot predict when the uncertainties that presently
+  trouble us will end, but we are confident we are managing them
+  aggressively," he added.
+  
+
diff --git a/reuters/training/12522 b/reuters/training/12522
new file mode 100644
index 0000000000000000000000000000000000000000..dddf74cd4576f033ee8cf6c68b763336e59c741b
--- /dev/null
+++ b/reuters/training/12522
@@ -0,0 +1,7 @@
+TURKISH CENTRAL BANK SETS LIRA/DOLLAR, DM RATES
+  Turkey's Central Bank set a lira/dollar
+  rate for April 3 of 782.50/786.41 to the dollar, down from
+  780.00/783.90. It set a lira/D-mark rate of 428.30/430.44 to
+  the mark, up from 429.15/431.30.
+  
+
diff --git a/reuters/training/12523 b/reuters/training/12523
new file mode 100644
index 0000000000000000000000000000000000000000..0349ab9b28464e69735e852406b808cb5f7b5751
--- /dev/null
+++ b/reuters/training/12523
@@ -0,0 +1,7 @@
+U.K. MONEY MARKET GIVEN 40 MLN STG LATE HELP
+  The Bank of England said it had provided
+  the money market with around 40 mln stg late assistance. This
+  takes the Bank's total help today to some 537 mln stg and
+  compares with its estimate of a 700 mln stg shortage.
+  
+
diff --git a/reuters/training/12524 b/reuters/training/12524
new file mode 100644
index 0000000000000000000000000000000000000000..4785367127df84318cc7318183ac79491f322882
--- /dev/null
+++ b/reuters/training/12524
@@ -0,0 +1,14 @@
+KLOECKNER SEES FURTHER GROWTH IN ENGINEERING
+  Kloeckner-Werke AG
+  <KLKG.F> should have turnover this year around 1985/86's 2.4
+  billion marks though more growth is likely in engineering in
+  coming years, management board chairman Herbert Gienow said.
+      He told a news conference at the trade fair here that by
+  the mid-1990s turnover should reach between six and seven
+  billion marks, mainly through acquisitions totalling "several
+  hundred million marks."
+      Kloeckner reported in March higher profits in its
+  engineering sector which enabled it to raise profits by nearly
+  a third in the 1985/86 year to 45.2 mln marks from 33.8 mln.
+  
+
diff --git a/reuters/training/12525 b/reuters/training/12525
new file mode 100644
index 0000000000000000000000000000000000000000..631b8e6e124f18cb9c28edccb5fb1d77146efe7e
--- /dev/null
+++ b/reuters/training/12525
@@ -0,0 +1,13 @@
+CITIBANK SELLS MARK/AUSTRALIAN DLR WARRANTS
+  Citicorp said that on behalf of its
+  Citibank N.A. Subsidiary, it is issuing 100,000 naked currency
+  warrants priced at 67-1/2 marks each to purchase Australian
+  dlrs for marks at a rate of 1.1825 marks per Australian dlr.
+      The current rate is 1.2850 marks per Australian dlr. Each
+  warrant is for a nominal amount of 1,000 marks and the minimum
+  purchase will be for 100 warrants.
+      The warrants expire on January 8, 1988. Payment is due on
+  April 8 and the warrants will be listed on the Luxembourg Stock
+  Exchange.
+  
+
diff --git a/reuters/training/12529 b/reuters/training/12529
new file mode 100644
index 0000000000000000000000000000000000000000..d27cce4b686690dead0e79fa15abedbd215d4b6f
--- /dev/null
+++ b/reuters/training/12529
@@ -0,0 +1,14 @@
+FIRST FEDERAL FORT MYERS <FFMY> TO MAKE PURCHASE
+  First Federal Savings and Loan
+  Association of Fort Myers said its board has executed a letter
+  of intent to acquire First Presidential Savings and Loan
+  Association of Sarasota, Fla., for 8,500,000 dlrs in cash.
+      The company said a definitive agreement is expected to be
+  executed by May 15 and the transaction is expected to be
+  completed by year-end.
+      The purchase price is subject to an increase on a dollar
+  for dollar basis to the extent that the net worth of First
+  Presidentail exceeds 4,100,000 dlrs at the time of closing, the
+  company said.
+  
+
diff --git a/reuters/training/12530 b/reuters/training/12530
new file mode 100644
index 0000000000000000000000000000000000000000..287310a7f80a675ebd5d642c28df6f8baf6793c4
--- /dev/null
+++ b/reuters/training/12530
@@ -0,0 +1,5 @@
+ELI LILLY AND CO PLANS TO SELL ITS ELIZABETH ARDEN SUBSIDIARY
+
+  ELI LILLY AND CO PLANS TO SELL ITS ELIZABETH ARDEN SUBSIDIARY
+  
+
diff --git a/reuters/training/12531 b/reuters/training/12531
new file mode 100644
index 0000000000000000000000000000000000000000..e803d413bb99f0d8102e2d9a801808504e02f4df
--- /dev/null
+++ b/reuters/training/12531
@@ -0,0 +1,11 @@
+SAN DIEGO GAS <SDO> SEES DECISION HURTING NET
+  San Diego Gas and Electric Co said a
+  California Public Utilities Commission decision to reconsider
+  allowing only 20 mln dlrs of the 69 mln dlrs in San Onofre
+  nuclear station costs it disallowed makes it likely that
+  earnings in 1987 will be reduced at least 36 cts per share.
+      The company said if the decision to disallow the other 20
+  mln dlrs is not changed, earnings would be penalized by another
+  19 cts.
+  
+
diff --git a/reuters/training/12532 b/reuters/training/12532
new file mode 100644
index 0000000000000000000000000000000000000000..3b961e8b295b5110ff18e85d0fa07c2e6c6bcfe3
--- /dev/null
+++ b/reuters/training/12532
@@ -0,0 +1,22 @@
+ELI LILLY <LLY> TO SELL ELIZABETH ARDEN UNIT
+  Eli Lilly and Co said its board
+  decided to sell Elizabeth Arden Inc, a wholly owned subsidiary
+  that manufactures and markets cosmetics and fine fragrance
+  products.
+      It said the business, which had sales of 67 mln dlrs when
+  it was acquired in 1971, had sales last year of 398 mln dlrs,
+  up 12 pct from 1985. It had operating profits of about 33 mln
+  dlrs in 1986.
+      Lilly said it retained Morgan Stanley and Co to help
+  evaluate offers.
+      Lilly said it expects to use the after-tax proceeds from
+  the sale of its cosmetics business for general corporate
+  purposes, including the repurchase from time to time of its
+  common stock or warrants on the open market.
+      In a statement, Lilly Chairman Richard Wood said "This
+  strategic decision was reached on the basis of our belief that
+  in the future the corporation's resources, including its
+  research activities, should be focused on its other business
+  which have a high technology, life sciences orientation."
+  
+
diff --git a/reuters/training/12533 b/reuters/training/12533
new file mode 100644
index 0000000000000000000000000000000000000000..c524673a7f9bb982fecf2f3dab68ce3994e1562f
--- /dev/null
+++ b/reuters/training/12533
@@ -0,0 +1,20 @@
+MADRID METRO HALTED AS SPANISH STRIKES SPREAD
+  An estimated 1.2 mln metro users in
+  Madrid were stranded today as striking railway workers halted
+  the underground transport system, industry sources said. The
+  strikers joined coal miners, steel and oil refinery workers in
+  Spain's latest wave of stoppages over wage demands.
+      Some 10,000 pitmen in the northern province of Leon entered
+  the second day of an indefinite stoppage to demand wage rises
+  and a five-day working week, the sources said.
+      Oil refinery workers picketed the state-owned Empresa
+  Nacional de Petroleo SA (EMP) to prevent fuel lorries leaving
+  the company's largest plant in Puertollano, central Spain.
+      Paramilitary police were guarding steel mills at Reinosa,
+  in northern Spain, from the daily protests against planned job
+  cuts. A local government official said the police force would
+  remain in place until tempers had cooled down.
+      More than 60 people were injured in pitched battles between
+  police and steel foundry workers in Reinosa last month.
+  
+
diff --git a/reuters/training/12534 b/reuters/training/12534
new file mode 100644
index 0000000000000000000000000000000000000000..f5ecb3c668faca7bddd7f656ce75104f7e4b7b8b
--- /dev/null
+++ b/reuters/training/12534
@@ -0,0 +1,10 @@
+BELGIAN UNEMPLOYMENT FALLS IN MARCH
+  Belgian unemployment, based on the
+  number of jobless drawing unemployment benefit, fell to 11.8
+  pct of the working population at the end of March from 12.1 pct
+  at end of February, the National Statistics Office said.
+      The rate compares with 12.0 pct at the end of March, 1986.
+      The total number of jobless stood at 495,208, compared with
+  508,392 in February and 504,652 in March last year.
+  
+
diff --git a/reuters/training/12538 b/reuters/training/12538
new file mode 100644
index 0000000000000000000000000000000000000000..240c30448ff1a85754a92c4aec62b82afdf17e6f
--- /dev/null
+++ b/reuters/training/12538
@@ -0,0 +1,6 @@
+KEY CENTURION <KEYC> COMPLETES ACQUISITIONS
+  Key Centurion Bancshares Inc
+  said it has completed the previously-announced acquisitions of
+  Union Bancorp of West Virginia Inc and Wayne Bancorp Inc.
+  
+
diff --git a/reuters/training/12540 b/reuters/training/12540
new file mode 100644
index 0000000000000000000000000000000000000000..ce362cbe8814863b5ab2f6d393be9b73c398ccf5
--- /dev/null
+++ b/reuters/training/12540
@@ -0,0 +1,6 @@
+CB AND T <CBTB> COMPLETES ACQUISITION
+  CB and T Bancshares Inc said it
+  has completed the acquisition of First Community Bancshares Inc
+  Of Tifton, Ga., which as assets of 62 mln dlrs.
+  
+
diff --git a/reuters/training/12543 b/reuters/training/12543
new file mode 100644
index 0000000000000000000000000000000000000000..b68601e91bf7018a51950e27f60154cf20088b6f
--- /dev/null
+++ b/reuters/training/12543
@@ -0,0 +1,9 @@
+COLOMBIA BUYS 25,000 TONNES FRENCH WHEAT - TRADE
+  Colombia recently bought 25,000 tonnes of
+  French soft wheat at 108 dlrs per tonne, c and f, for end-April
+  shipment, trade sources said.
+      This follows the country's tender for 25,000 tonnes of
+  optional origin wheat for shipment April 20-30, they said.
+      France had not sold wheat to Colombia for several years.
+  
+
diff --git a/reuters/training/12545 b/reuters/training/12545
new file mode 100644
index 0000000000000000000000000000000000000000..15ea1f02d48c20f8f67eda2f54f69d213461cb45
--- /dev/null
+++ b/reuters/training/12545
@@ -0,0 +1,5 @@
+GENERAL PUBLIC UTILITIES RESUMES DIVIDENDS ON COMMON STOCK, PAYS 15 CTS
+
+  GENERAL PUBLIC UTILITIES RESUMES DIVIDENDS ON COMMON STOCK, PAYS 15 CTS
+  
+
diff --git a/reuters/training/12546 b/reuters/training/12546
new file mode 100644
index 0000000000000000000000000000000000000000..df12dadd515da4b74dc50980314bcfa6e65cb036
--- /dev/null
+++ b/reuters/training/12546
@@ -0,0 +1,14 @@
+ZIMBABWE GOVERNMENT BUYS INTO ASTRA
+  The Zimbabwe government has bought 85 pct
+  of the equity in <Astra Corporation> for 25.5 mln dlrs from
+  Netherlands-based <Bommenede Houdstermaatschappij (Nederland
+  BV)>, Astra announced.
+      Astra owns five companies with interests in engineering,
+  paint manufacture and the distribution of farm machinery and
+  equipment, motor vehicles and earthmoving equipment.
+      The company is now locally controlled with 80 pct of its
+  equity owned by the government, 14 pct by the Dutch firm. A six
+  pct stake was donated to the Astra Corporation Workers' Trust
+  by the government and the Dutch company.
+  
+
diff --git a/reuters/training/12549 b/reuters/training/12549
new file mode 100644
index 0000000000000000000000000000000000000000..04ad038abc47705ca6593a52de08b185fb510d0e
--- /dev/null
+++ b/reuters/training/12549
@@ -0,0 +1,5 @@
+UTILICORP RECOMMENDS THREE-FOR-TWO SPLIT, DIVIDEND INCREASE AND ADDITIONAL CLASS OF STOCK
+
+  UTILICORP RECOMMENDS THREE-FOR-TWO SPLIT, DIVIDEND INCREASE AND ADDITIONAL CLASS OF STOCK
+  
+
diff --git a/reuters/training/12550 b/reuters/training/12550
new file mode 100644
index 0000000000000000000000000000000000000000..fd5a6be35f9b49b1698a6bb6b5dbe751f2ec7c1d
--- /dev/null
+++ b/reuters/training/12550
@@ -0,0 +1,21 @@
+GPU <GPU> DECLARES FIRST DIVIDEND SINCE 1979
+  General Public Utilities Corp
+  said its board declared a dividend of 15 cts per share on
+  common stock, its first dividend since it omitted payment in
+  February 1980 as a result of the Three Mile Island nuclear
+  accident in 1979.
+      The company said it was able to declare the dividend due to
+  progress in the cleanup of Three Mile Island Unit Two.
+      A company spokesman said GPU expects to continue declaring
+  dividends on a quarterly basis, with the rate depending on the
+  progress of the cleanup and on other company operations.
+      GPU said the dividend is of "modest size," representing
+  less than a third of the amount paid as a dividend by the
+  average electric utility.
+      "As the operating companies need to return to the capital
+  markets for debt and preferred stock, this should tend to
+  produce lower cost and better terms," the company said.
+      The dividend is payable May 29 to holders of record April
+  24.
+  
+
diff --git a/reuters/training/12551 b/reuters/training/12551
new file mode 100644
index 0000000000000000000000000000000000000000..87e1af84cdb357a722bc51f0223d8114f4e8e744
--- /dev/null
+++ b/reuters/training/12551
@@ -0,0 +1,8 @@
+BRITTON LEE <BLII> SEES FIRST QUARTER LOSS
+  Britton Lee Inc said it
+  expects to report a loss on lower sales than it had anticipated
+  for the first quarter.
+      The company earned 119,000 dlrs before a 70,000 dlr tax
+  credit on sales of 7,227,000 dlrs in the year-ago period.
+  
+
diff --git a/reuters/training/12554 b/reuters/training/12554
new file mode 100644
index 0000000000000000000000000000000000000000..5d6d685a81ae54999d57b2c06c8c49a9630436c0
--- /dev/null
+++ b/reuters/training/12554
@@ -0,0 +1,13 @@
+NEW DUTCH SPECIAL ADVANCES UNCHANGED AT 5.3 PCT
+  The Dutch central bank announced new
+  12-day special advances at an unchanged rate of 5.3 pct to
+  cover money market tightness for the period April 3 to 15.
+       The amount will be set at tender on April 3 between 0700
+  and 0730 hours GMT.
+      The new facility replaces the current 4.2 billion guilders
+  of nine-day advances which expire tomorrow.
+      Money market dealers said the rate for the new advances was
+  in line with expectations. They added they expect the Bank to
+  allocate between 4.0 and 4.5 billion guilders.
+  
+
diff --git a/reuters/training/12555 b/reuters/training/12555
new file mode 100644
index 0000000000000000000000000000000000000000..50160b3527aae2af77a322466d69824a256217c8
--- /dev/null
+++ b/reuters/training/12555
@@ -0,0 +1,15 @@
+EC TO BOOST SPENDING ON JOB CREATION THIS YEAR
+  The European Community (EC) is to boost
+  spending to help the jobless this year.
+      The EC's executive commission said in a statement spending
+  on its so-called social fund would rise to 3.1 billion European
+  Currency Units from 2.5 billion ECUs in 1986. The fund is
+  designed to help boost job creation and improve worker
+  mobility, and supplement national schemes in the EC's 12 member
+  states.
+      Another 60 mln ECUs could be added if EC ministers switch
+  unused project credits to other programs, the Commission said.
+      Italy is the largest net beneficiary in 1987, getting 635
+  mln ECUs, with Britain in second place with 580 mln.
+  
+
diff --git a/reuters/training/12557 b/reuters/training/12557
new file mode 100644
index 0000000000000000000000000000000000000000..8aff4614851f0d56497a227f27a66ca933ee5253
--- /dev/null
+++ b/reuters/training/12557
@@ -0,0 +1,13 @@
+JACOBS TAKES MAJORITY STAKE IN COTE D'OR
+  Jacobs Suchard AG said it acquired a
+  "comfortable majority" interest in its takeover bid for Cote d'Or
+  SA, Belgium's leading producer of chocolate.
+      In a statement, Jacobs said it had acquired all the shares
+  tendered by the time its offer expired on March 30. The offer,
+  for 100 pct of Cote d'Or at 8,050 Belgian francs per ordinary
+  share, was agreed with the Belgian firm's board.
+      A Jacobs spokesman declined to specify the size of the
+  majority stake and said Jacobs had not decided what it would do
+  about acquiring the outstanding shares.
+  
+
diff --git a/reuters/training/12558 b/reuters/training/12558
new file mode 100644
index 0000000000000000000000000000000000000000..f4670e758fa0ef1694732a8d5ed12be31098193f
--- /dev/null
+++ b/reuters/training/12558
@@ -0,0 +1,5 @@
+YEUTTER SAYS U.S. SHOULD STRESS TRADE NEGOTIATIONS AS LONG-TERM U.S. TRADE POLICY
+
+  YEUTTER SAYS U.S. SHOULD STRESS TRADE NEGOTIATIONS AS LONG-TERM U.S. TRADE POLICY
+  
+
diff --git a/reuters/training/12559 b/reuters/training/12559
new file mode 100644
index 0000000000000000000000000000000000000000..ac32ace7c6417df77503bb78768f3bc27d6c5930
--- /dev/null
+++ b/reuters/training/12559
@@ -0,0 +1,13 @@
+HOLIDAY <HIA> RECAPITALIZATION APPROVED
+  Holiday Corp said the New Jersey
+  Casino Control Commission has approved its recapitalization
+  plan, providing the final regulatory approval needed.
+      The company said it expects to announce next week the
+  record date for the special 65 dlr per share dividend
+  shareholders will receive under the plan and to pay the
+  dividend during the month of April, with the exact timing
+  depending on the closing of financing arrangements.
+      Holiday operates Harrah's Marina Hotel and Casino in
+  Atlantic City, N.J.
+  
+
diff --git a/reuters/training/12562 b/reuters/training/12562
new file mode 100644
index 0000000000000000000000000000000000000000..b286a3f7f12aeb28d8937fd5af91364bec878cb4
--- /dev/null
+++ b/reuters/training/12562
@@ -0,0 +1,16 @@
+COMP-U-CARD INTERNATIONAL INC <CUCD> 4TH QTR NET
+  January 31 end
+      Oper shr profit 16 cts vs loss six cts
+      Oper net profit 2,879,000 vs loss 958,000
+      Revs 41.9 mln vs 24.1 mln
+      Avg shrs 18.2 mln vs 15.8 mln
+      Year
+      Oper shr profit 49 cts vs profit 18 cts
+      Oper net profit 8,660,000 vs profit 2,832,000
+      Revs 141.8 mln vs 87.5 mln
+      Avg shrs 17.8 mln vs 15.8 mln
+      NOTE: Net excludes extraordinary tax charge 156,000 dlrs vs
+  credit 2,257,000 dlrs in quarter and credits 1,041,000 dlrs vs
+  3,589,000 dlrs in year.
+  
+
diff --git a/reuters/training/12563 b/reuters/training/12563
new file mode 100644
index 0000000000000000000000000000000000000000..80a7b0b93da9f11db2be99ba9fd3f748ff225e26
--- /dev/null
+++ b/reuters/training/12563
@@ -0,0 +1,25 @@
+YEUTTER STRESSES IMPORTANCE OF TRADE TALKS
+  U.S. Trade Representative Clayton
+  Yeutter stressed the importance of trade negotiations to open
+  foreign markets rather than trade restrictions in a statement
+  to the Senate Finance Committee.
+      "In the long term we cannot repeatedly bludgeon other
+  nations into opening their markets with threats of U.S.
+  restrictions. Rather, we must be able to negotiate credibly for
+  global liberalization," Yeutter said.
+      Yeutter did not mention the recent U.S. trade sanctions
+  against Japanese semiconductors in his testimony on the pending
+  trade bill.
+      Yeutter said the trade bill should increase U.S.
+  competitiveness, aid U.S. trade negotiating leverage, and avoid
+  provoking foreign retaliation.
+      He urged Congress to reject provisions that would mandate
+  U.S. retaliation against foreign unfair trade practices.
+      Yeutter emphasized the importance of the new multilateral
+  trade negotiating round and called on Congress to quickly
+  approve an extension of U.S. negotiating authority.
+      "We want to open foreign markets and establish and enforce
+  rules of international competition, not foster dependence on
+  protection and subsidies," he said.
+  
+
diff --git a/reuters/training/12564 b/reuters/training/12564
new file mode 100644
index 0000000000000000000000000000000000000000..17282ba5b5e8e72def233d782b6f45ef3366b27c
--- /dev/null
+++ b/reuters/training/12564
@@ -0,0 +1,15 @@
+EC MUST EXPLAIN FARM POLICY TO U.S., FRANCE SAYS
+  The U.S. and the European Community could
+  enter into a new trade dispute unless urgent action is taken to
+  explain EC farm policy to the U.S. Congress, French official
+  sources said.
+      They said Prime Minister Jacques Chirac planned to urge EC
+  Commission president Jacques Delors to send a team of experts
+  to Washington as soon as possible.
+      Chirac returned to Paris this morning after three days of
+  talks in New York and Washington in which trade and
+  protectionism featured prominently.
+      At the centre of the new trade tension is an EC Commission
+  proposal to tax vegetable oils, the sources said.
+  
+
diff --git a/reuters/training/12569 b/reuters/training/12569
new file mode 100644
index 0000000000000000000000000000000000000000..746c3ab9d6b35c1bb5e61e89e9ce075904b481f6
--- /dev/null
+++ b/reuters/training/12569
@@ -0,0 +1,9 @@
+CENTRONICS CORP <CEN> YEAR LOSS
+  Oper shr loss 11 cts vs loss 36 cts
+      Oper net loss 2,383,000 vs loss 4,285,000
+      Total income 2,194,000 vs nil
+      NOTE: Resultes restated for discontinued operations and
+  exclude discontinued operations loss 5,755,000 dlrs vs gain
+  4,933,000 dlrs.
+  
+
diff --git a/reuters/training/1257 b/reuters/training/1257
new file mode 100644
index 0000000000000000000000000000000000000000..8d30136896bde8caee4e36f7310390047b300ef5
--- /dev/null
+++ b/reuters/training/1257
@@ -0,0 +1,16 @@
+FRENCH EXPORTERS SEE HIGHER WHEAT SALES TO CHINA
+  French exporters estimated that around
+  600,000 tonnes of French soft wheat has been sold to China for
+  delivery in the 1986/87 (July/June) year.
+      Around 300,000 tonnes were exported to China between July
+  1986 and February this year.
+      Another 100,000 to 150,000 tonnes will be shipped during
+  this month and around the same amount in April, they said.
+      France sold around 250,000 tonnes of soft wheat to China in
+  1985/86, according to customs figures.
+      However, certain exporters fear China may renounce part of
+  its contract with France after being offered one mln tonnes of
+  U.S. soft wheat under the Export Enhancement Program in January
+  and making some purchases under the initiative.
+  
+
diff --git a/reuters/training/12570 b/reuters/training/12570
new file mode 100644
index 0000000000000000000000000000000000000000..882cf3b50cb76f5e8716e3c8686b529f0122b29d
--- /dev/null
+++ b/reuters/training/12570
@@ -0,0 +1,13 @@
+SANDSPORT DATA SERVICES INC <SAND> 3RD QTR NET
+  Feb 28 end
+      Shr nil vs nil
+      Net 132,804 vs 53,510
+      Revs 2,001,107 vs 1,467,742
+      Avg shrs 73.9 mln vs 56.7 mln
+      Nine mths
+      Shr nil vs nil
+      Net 302,316 vs 171,034
+      Revs 5,230,014 vs 4,112,562
+      Avg shrs 74.4 mln vs 56.7 mln
+  
+
diff --git a/reuters/training/12571 b/reuters/training/12571
new file mode 100644
index 0000000000000000000000000000000000000000..4d5af78ddf57c786cf522c124c5e94883cb4e923
--- /dev/null
+++ b/reuters/training/12571
@@ -0,0 +1,7 @@
+NORTH CAROLINA FEDERAL <NCFS> RAISES PRIME RATE
+  North Carolina Federal Savings
+  and Loan Association said it has raised its prime rate to 7-3/4
+  pct from 7-1/2 pct, effective yesterday, following moves by
+  major banks.
+  
+
diff --git a/reuters/training/12572 b/reuters/training/12572
new file mode 100644
index 0000000000000000000000000000000000000000..6a6db07c9de96d79da4f909f6d43d290831d001e
--- /dev/null
+++ b/reuters/training/12572
@@ -0,0 +1,11 @@
+HEALTH IMAGES INC <HIMG> 4TH QTR LOSS
+  Shr loss one ct vs loss seven cts
+      Net profit 108,419 vs loss 241,192
+      Revs 2,044,882 vs 317,266
+      Year
+      Shr loss 18 cts vs loss 23 cts
+      Net loss 430,027 vs loss 432,982
+      Revs 5,088,065 vs 416,777
+      NOTE: Share after preferred dividends.
+  
+
diff --git a/reuters/training/12573 b/reuters/training/12573
new file mode 100644
index 0000000000000000000000000000000000000000..043f5071fe5b24fba9a9d5491d2116b5035bcaaf
--- /dev/null
+++ b/reuters/training/12573
@@ -0,0 +1,14 @@
+SHELL CANADA SEES BETTER PROFIT, LOWER SPENDING
+  <Shell Canada Ltd>, 72 pct
+  owned by Royal Dutch/Shell Group, anticipates an improved level
+  of earnings in 1987, assuming a continuation of prices and
+  margins that existed at the end of 1986 and early 1987, the
+  company said in the annual report.
+      Shell previously reported 1986 operating profit fell to 130
+  mln dlrs, excluding a 24 mln dlr unusual gain, from 146 mln
+  dlrs in the prior year.
+      The company also said 1987 capital and exploration spending
+  of 420 mln dlrs will be 160 mln dlrs lower than last year, due
+  to the uncertain short-term outlook.
+  
+
diff --git a/reuters/training/12574 b/reuters/training/12574
new file mode 100644
index 0000000000000000000000000000000000000000..1d370c789857ce315f06627455dbed6c66a4c8a2
--- /dev/null
+++ b/reuters/training/12574
@@ -0,0 +1,23 @@
+UTILICORP <UCU> SEEKS TO SPLIT STOCK
+  Utilicorp United Inc said its
+  management is recommending to the board of directors a
+  three-for-two stock split and an increase in the quarterly cash
+  dividend rate, currently at 37 cts per common share.
+      The company said it is also submitting to shareholders at
+  its May 21 annual meeting a proposal authorizing an additional
+  class of common stock.
+      Utilicorp said the board of directors will vote on the
+  split at its next regularly scheduled board meeting on May 6.
+      It added that its semi-annual four pct stock dividend will
+  not change.
+      Utilicorp said the proposal to create a new class of stock,
+  if approved, will authorize 20 mln shares of Class A common
+  stock with a par value of one dlr.
+      The stock could be issued in various series with terms,
+  rights and preferences designated by the board in each
+  instance, Utilicorp said.
+      The company said the new stock is intended to enhance
+  Utilicorp's ability to carry out future financings,
+  investments, acquisitions or for other corporate purposes.
+  
+
diff --git a/reuters/training/12576 b/reuters/training/12576
new file mode 100644
index 0000000000000000000000000000000000000000..43f662d9f7ab85780b1dd9f9068c1ce04a788115
--- /dev/null
+++ b/reuters/training/12576
@@ -0,0 +1,21 @@
+BANK OF SPAIN GOVERNOR SAYS MONEY GROWTH TOO FAST
+  Bank of Spain governor Mariano Rubio said
+  the central bank was worried that money supply was growing too
+  fast, reflecting excessive internal demand in the Spanish
+  economy, but added that he was confident recent measures would
+  succeed in restricting money growth.
+      In testimony to the economic commission of Congress, Rubio
+  said the main measure of money supply, the broad-based Liquid
+  Assets in Public Hands, grew at an estimated annualised rate of
+  17 pct in March, the same as in February.
+      The bank's target range for growth in this measure in 1987
+  is 6.5 to 9.5 pct, compared with 11.4 pct last year.
+      Rubio said he was aiming for the lower end of the range.
+      He added that real GDP growth of three pct in 1986 was due
+  to a six pct increase in real internal demand and a three pct
+  real drop in the contribution of the external sector.
+      The aim for 1987 was for the same real growth in GDP but a
+  drop in the internal contribution to 4.5 pct with the negative
+  component of the external sector trimmed to 1.5 pct, he said.
+  
+
diff --git a/reuters/training/12579 b/reuters/training/12579
new file mode 100644
index 0000000000000000000000000000000000000000..728f1af8fa774d8060d3a676a19fafa58ba23c90
--- /dev/null
+++ b/reuters/training/12579
@@ -0,0 +1,9 @@
+AMERICAN REALTY <ARB> SETS RECORD DATE FOR OFFER
+  American Realty Trust said its board has
+  set April 3 as the record date for its previously announced
+  rights offering, and the rights will be issued on April 6 and
+  expire May 22.
+      Shareholders will be able to subscribe for 1.25 shares for
+  each share held, at a price of 3.75 dlrs per share.
+  
+
diff --git a/reuters/training/1258 b/reuters/training/1258
new file mode 100644
index 0000000000000000000000000000000000000000..c75f7b6efcd8fd5733a75e3c4f48a1d9fe99dc85
--- /dev/null
+++ b/reuters/training/1258
@@ -0,0 +1,19 @@
+BUCKHORN INC <BKN> 4TH QTR LOSS
+  Oper shr loss 1.24 dlrs vs profit 19 cts
+      Oper net loss 1,965,000 vs profit 646,000
+      Revs 10.5 mln vs 11.6 mln
+      Avg shrs 1,741,000 vs 3,581,000
+      12 mths
+      Oper shr loss 1.55 dlrs vs profit 42 cts
+      Oper net loss vs profit 2,051,000 vs 1,492,000
+      Revs 42.9 mln vs 45.5 mln
+      Avg shrs 1,816,000 vs 3,581,000
+      NOTE: prior qtr excludes loss 229,000, or seven cts per
+  share, for discontinued operations.
+      1986 qtr excludes 159,000 extraodinary loss.
+      Excludes loss 293,000, or 16 cts per share, for 1986 and
+  gain 651,000, or 18 cts per share, for 1985 for discontinued
+  operations.
+      Excludes loss 256,000 for 1986 net for extraordinary item.
+  
+
diff --git a/reuters/training/12580 b/reuters/training/12580
new file mode 100644
index 0000000000000000000000000000000000000000..0bb417c94ac477824de23a4c4243ee6a1330ab47
--- /dev/null
+++ b/reuters/training/12580
@@ -0,0 +1,6 @@
+CARTER-WALLACE INC <CAR> SETS REGULAR PAYOUT
+  Qtly div 20 cts vs 20 cts prior
+      Pay June 1
+      Record April 16
+  
+
diff --git a/reuters/training/12583 b/reuters/training/12583
new file mode 100644
index 0000000000000000000000000000000000000000..034b9b4861ae5057152418c22a37881967a5df4d
--- /dev/null
+++ b/reuters/training/12583
@@ -0,0 +1,9 @@
+EC SETS EXPORT LICENCES ON 20,000 TONNES MAIZE
+  The European Community Commission awarded
+  export licences for 20,000 tonnes free market French maize at a
+  maximum export rebate of 129.40 European currency units (Ecus)
+  per tonne, trade sources said here.
+      All requests for export licences for free market feed wheat
+  and barley were rejected, they said.
+  
+
diff --git a/reuters/training/12585 b/reuters/training/12585
new file mode 100644
index 0000000000000000000000000000000000000000..47f378104cc8ff0028e93a032d742fd3f5193a7f
--- /dev/null
+++ b/reuters/training/12585
@@ -0,0 +1,9 @@
+PAKISTAN TO TENDER FOR RBD PALM OLEIN TOMORROW
+  Pakistan will tender tomorrow for 12,000
+  tonnes of refined bleached deodorised palm olein tomorrow,
+  split in two equal cargo lots for first and second half April
+  shipments, traders said.
+      The tender will be financed with Islamic Development Bank
+  credit.
+  
+
diff --git a/reuters/training/12587 b/reuters/training/12587
new file mode 100644
index 0000000000000000000000000000000000000000..1df71f94dddb652b578d93721991182a3d0d73ef
--- /dev/null
+++ b/reuters/training/12587
@@ -0,0 +1,17 @@
+USDA DENIES CHANGES IN TEXAS GULF DIFFERENTIALS
+  No changes have been made or are
+  being planned in the Agriculture Department's calculation of
+  price differentials between interior grain locations and the
+  Texas Gulf, a senior USDA official said.
+      Ralph Klopfenstein, USDA deputy administrator for commodity
+  operations, told Reuters, "We do not anticipate any changes to
+  be made" in the Texas Gulf differentials used to calculate
+  posted county prices for corn.
+      "We do not relate the Texas Gulf structure with the
+  Louisiana Gulf structure at all. It's a totally different
+  situation," he said.
+      Rumors had circulated through the market this morning that
+  USDA had widened Texas Gulf differentials in a similar manner
+  to last weekend's adjustments with the Louisiana Gulf.
+  
+
diff --git a/reuters/training/12588 b/reuters/training/12588
new file mode 100644
index 0000000000000000000000000000000000000000..cb975a7b8956719eaaa7d923b54f9ebf94b36534
--- /dev/null
+++ b/reuters/training/12588
@@ -0,0 +1,5 @@
+ Lawson says his sterling target comments were misunderstood, and insignificant
+
+   Lawson says his sterling target comments were misunderstood, and insignificant
+  
+
diff --git a/reuters/training/12592 b/reuters/training/12592
new file mode 100644
index 0000000000000000000000000000000000000000..9ba6114284961eeff57b43c5b363b6c0f7c71ac8
--- /dev/null
+++ b/reuters/training/12592
@@ -0,0 +1,8 @@
+J.P. MORGAN <JPM> INCREASES PRIME RATE
+  J.P. Morgan and Co Inc said it is
+  raising its prime lending rate to 7-3/4 pct from 7-1/2 pct,
+  effective today.
+      Most major U.S. banks are now posting a 7-3/4 pct rate.
+  Citibank was the first to announce an increase on Tuesday.
+  
+
diff --git a/reuters/training/12593 b/reuters/training/12593
new file mode 100644
index 0000000000000000000000000000000000000000..33c2bbba226b4ee7a767b9e15063789b47b70914
--- /dev/null
+++ b/reuters/training/12593
@@ -0,0 +1,5 @@
+LAWSON SAYS HIS STERLING-TARGET COMMENTS WERE MISUNDERSTOOD AND INSIGNIFICANT
+
+  LAWSON SAYS HIS STERLING-TARGET COMMENTS WERE MISUNDERSTOOD AND INSIGNIFICANT
+  
+
diff --git a/reuters/training/126 b/reuters/training/126
new file mode 100644
index 0000000000000000000000000000000000000000..33f447c6847b7340e642799e34f7685b4fb00fd2
--- /dev/null
+++ b/reuters/training/126
@@ -0,0 +1,10 @@
+COLECO INDUSTRIES INC <CLO> 4TH QTR
+  Shr loss 6.48 DLS VS PROFIT 23 CTS
+      Net loss 110.6 mln vs profit 4.1 mln
+      Revs 74.0 mln vs 152.0 mln
+      Year
+      Shr loss 6.52 dlrs vs profit 3.87 dlrs
+      net loss 111.2 mln vs profit 64.2 mln
+      Revs 501.0 mln vs 776.0 mln
+  
+
diff --git a/reuters/training/1260 b/reuters/training/1260
new file mode 100644
index 0000000000000000000000000000000000000000..d2be9cadf0cf0befa06dc8197b36b26c3168fa34
--- /dev/null
+++ b/reuters/training/1260
@@ -0,0 +1,14 @@
+BUCKHORN INC <BKN> SEES HIGHER PROFITS IN 1987
+  Buckhorn Inc said itd nine
+  million dlr backlog for orders and a less expensive operating
+  environment should yield significant levels of operating
+  profits for 1987.
+      Buckhorn, a manufacturer of reusable plastic shipping and
+  storage containers, recorded 2,051,000, or 1.55 dlrs per share,
+  operating net loss for 1986.
+      Buckhorn said the year's results included a 4,250,000
+  non-recurring expense incurred to complete major restructuring
+  efforts and to defend against the hostile tender offer from
+  Ropak Corporation.
+  
+
diff --git a/reuters/training/1263 b/reuters/training/1263
new file mode 100644
index 0000000000000000000000000000000000000000..6a70fb32b607c08692fb31c67bd3bfb5a70e0087
--- /dev/null
+++ b/reuters/training/1263
@@ -0,0 +1,24 @@
+ALCAN, BERTONE MAKE ALUMINUM STRUCTURE CAR
+  Alcan Aluminium Ltd said it joined with
+  Carrozzeria Bertone S.P.A. to exhibit Alcan's technology in
+  aluminum structured vehicles at Geneva's international auto
+  salon.
+      Alcan said it and Bertone have built several Bertone X1/9
+  sports cars with structures of adhesively bonded sheet
+  aluminum. It said the bodies were made on presses used for
+  Bertone's steel-structured sports cars.
+      Alcan said two of the cars are currently being tested in
+  Britain by the Motor Industry Research Association.
+       Alcan said it has developed and tested the aluminum
+  structure technology so that it is suitable for modern auto
+  making methods and plants.
+      Alcan said the technology, which reduces the weight of a
+  car's basic structure by up to 50 pct, can improve handling and
+  performance and reduce fuel consumption for any size car. It
+  said the structures also provide long life without the need for
+  rust protection.
+      The structure provides the same stiffness and safety as
+  present materials, while continuously bonded seams allow a 65
+  pct reduction in spot welds, Alcan said.
+  
+
diff --git a/reuters/training/1264 b/reuters/training/1264
new file mode 100644
index 0000000000000000000000000000000000000000..1ab797d0254bc07fa7700aae88aefa35355a26ef
--- /dev/null
+++ b/reuters/training/1264
@@ -0,0 +1,6 @@
+CCR VIDEO 1ST QTR NOV 30 NET
+  Shr 2-1/5 cts vs nil
+      Net 156,726 vs 11,989
+      Sales 1,157,883 vs 890,138
+  
+
diff --git a/reuters/training/1265 b/reuters/training/1265
new file mode 100644
index 0000000000000000000000000000000000000000..c2657f35f0ece481a82282de36c89be5898d29ad
--- /dev/null
+++ b/reuters/training/1265
@@ -0,0 +1,11 @@
+DEL E. WEBB INVESTMENT <DWPA> 4TH QTR NET
+  Shr eight cts vs 16 cts
+      Net 188,000 vs 354,000
+      Revs 538,000 vs 594,000
+      Year
+      Shr 31 cts vs 28 cts
+      Net 692,000 vs 617,000
+      Revs 2,640,000 vs 906,000
+      (Del E. Webb Investment Properties Inc)
+  
+
diff --git a/reuters/training/1268 b/reuters/training/1268
new file mode 100644
index 0000000000000000000000000000000000000000..04c726b6adf268951ea38ffa8f626d3cfac3793b
--- /dev/null
+++ b/reuters/training/1268
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 104,000 TONNES OF  CORN SOLD TO UNKNOWN DESTINATIONS FOR 1986/87
+
+  U.S. EXPORTERS REPORT 104,000 TONNES OF  CORN SOLD TO UNKNOWN DESTINATIONS FOR 1986/87
+  
+
diff --git a/reuters/training/1269 b/reuters/training/1269
new file mode 100644
index 0000000000000000000000000000000000000000..65ab0e10d2e1293434eb6799747d94db6a1c6617
--- /dev/null
+++ b/reuters/training/1269
@@ -0,0 +1,49 @@
+F.W. WOOLWORTH'S <Z> 1986 PROFITS RISE 21 PCT
+  The specialty retailing area continues
+  to pay off for F.W. Woolworth Co, once known only as a five and
+  dime store chain, which said its 1986 income rose 21 pct.
+      It was the fourth consecutive year of profit increases for
+  the New York-based retailer which was founded over 100 years
+  ago.
+      Woolworth's 1986 income rose to 214 mln dlrs or 3.25 dlrs
+  per share compared with 1985's profit of 177 mln or 2.75 dlrs
+  per share. Revenues for the year rose to 6.50 billion compared
+  with the prior year's 5.96 billion.
+      For the fourth quarter, the company reported profits rose
+  10 pct to 117 mln dlrs or 1.78 dlrs per share compared with
+  1985 fourth quarter results of 106 mln or 1.64 dlrs per share.
+  Revenues rose to 2.02 billion from 1.85 billion dlrs.
+      Roy Garofalo, Woolworth vice president, told Reuters that
+  income generated by the company's specialty store operations
+  accounted for 52 pct of the parent company's 1986 profits.
+      He said the company now has 4,700 specialty stores
+  operating under 30 different names. Woolworth plans to open 650
+  more specialty stores in 1987. At this time last year, it
+  operated 4,100 specialty stores, Garofalo said.
+      Garofalo said the largest specialty chain operated by
+  Woolworth is Kinney Shoe Stores, followed by the Richman
+  apparel unit. Among other units are Little Folk Shop, a chain
+  of discount children's apparel stores; The Rx Place, a discount
+  drug, health and beauty aid operation; and Face Fantasies,
+  which sells cosmetics. There are currently about 1,700
+  Woolworth general merchandise stores operating worldwide, of
+  which 1,200 are in the United States.
+      Harold Sells, chairman and chief executive of Woolworth,
+  said in a statement, "These results are especially gratifying as
+  they are an improvement over last year's record earnings."
+      Sells that it was the fourth successive year earnings in
+  each quarter improved over the corresponding year-earlier
+  period.
+      Woolworth's variety store operations were hard hit in the
+  1970's and early 1980's by the quickly growing discount store
+  industry. In an attempt to compete in the 1970's, Woolworth
+  opened a discount general store chain, Woolco, and J. Brannam,
+  a discount apparel chain. Both were failures in the United
+  States, although Woolco still operates in Canada.
+      In 1985, however, Woolworth changed its strategy and
+  announced that it would operate specialty stores. At that time,
+  the company said it would create 14 new groups of such stores.
+  Specialty stores generally have higher sales per square foot
+  than general merchandise stores.
+  
+
diff --git a/reuters/training/127 b/reuters/training/127
new file mode 100644
index 0000000000000000000000000000000000000000..aeaf86e933f5b1ff470d1bb5cf4711ae55849766
--- /dev/null
+++ b/reuters/training/127
@@ -0,0 +1,14 @@
+DIAMOND SHAMROCK (DIA) CUTS CRUDE PRICES
+  Diamond Shamrock Corp said that
+  effective today it had cut its contract prices for crude oil by
+  1.50 dlrs a barrel.
+      The reduction brings its posted price for West Texas
+  Intermediate to 16.00 dlrs a barrel, the copany said.
+      "The price reduction today was made in the light of falling
+  oil product prices and a weak crude oil market," a company
+  spokeswoman said.
+      Diamond is the latest in a line of U.S. oil companies that
+  have cut its contract, or posted, prices over the last two days
+  citing weak oil markets.
+  
+
diff --git a/reuters/training/1271 b/reuters/training/1271
new file mode 100644
index 0000000000000000000000000000000000000000..26b362f2bd5e92aa798924560b47adbca71ce6c4
--- /dev/null
+++ b/reuters/training/1271
@@ -0,0 +1,10 @@
+ROYAL RESOURCES CORP <RRCO> 2ND QTR DEC 31 LOSS
+  Shr loss 72 cts vs loss 1.48 dlrs
+      Net loss 4,466,006 vs loss 9,091,688
+      Revs 608,181 vs 1,280,727
+      Six Mths
+      Shr loss 77 cts vs loss 1.51 dlrs
+      Net loss 4,752,455 vs loss 9,265,457
+      Revs 1,444,149 vs 2,791,188
+  
+
diff --git a/reuters/training/1272 b/reuters/training/1272
new file mode 100644
index 0000000000000000000000000000000000000000..28caeeecb68da49165f7a7e89d81aed1d130d3be
--- /dev/null
+++ b/reuters/training/1272
@@ -0,0 +1,43 @@
+CANADA ECONOMY EXPECTED TO GROW MODERATELY
+  Canadian economic growth is expected to
+  slow further in 1987, but an improved the trade picture should
+  keep the country from recession, economists said.
+      "The economy is ready for about a 2.0 pct rate of growth
+  over the course of 1987," said Carl Beigie, Chief Economist at
+  Dominion Securities Pitfield Ltd.
+      Statistics Canada reported that gross domestic product,
+  grew 3.1 pct in 1986, the fourth year of continuous expansion,
+  but down from 1985's four pct.
+      In the final quarter, GDP, in 1981 prices and at annualized
+  rates, rose a slight 0.2 pct after expanding 0.8 pct in the
+  third quarter.
+      "Essentially it is a flat performance," said Warren Jestin,
+  deputy chief economist at the Bank of Nova Scotia.
+      Economist Wendy Smith Cork of the brokerage Nesbitt Thomson
+  Bongard Inc said "it shows the economy is not moving along very
+  steadily, it's not a very promising number."
+      "We weren't surprised, we expected to see one bad quarter
+  in Canada, but we don't think there will be a recession," she
+  added.
+      The rise in GDP was below the 3.3 pct increase forecast by
+  Federal Finance Minister Michael Wilson in his budget last
+  month. He also projected the economy would expand  2.8 pct this
+  year.
+      Many economists are less optimistic, predicting growth will
+  likely be in the 2.0 to 2.2 pct range.
+      Statistics Canada also reported the country's trade
+  performance deteriorated sharply last year as the deficit in
+  the current account rose to a record 8.8 billion Canadian dlrs
+  from the previous year's shortfall of 584 mln dlrs.
+      "The sharp increase in the deficit originated from
+  merchandise trade transactions where imports continued to
+  advance strongly whereas exports were virtually unchanged," the
+  federal agency said in a statement.
+      The merchandise trade surplus was pared to 10.13 billion
+  dlrs in 1986 from 17.48 billion dlrs in 1985.
+      But economist Cork said the expected upturn in the U.S.
+  economy will lead to increased demand for Canadian goods, and
+  help fuel the country's modest expansion. Nearly 80 pct of
+  Canada's exports are shipped to the U.S. each year.
+  
+
diff --git a/reuters/training/12728 b/reuters/training/12728
new file mode 100644
index 0000000000000000000000000000000000000000..8af728afc4e60e2ddf39596ef92e6c345b642379
--- /dev/null
+++ b/reuters/training/12728
@@ -0,0 +1,14 @@
+COOPER BASIN NATURAL GAS RESERVES UPGRADED
+  Remaining recoverable gas reserves in
+  the areas held by the Santos Ltd <STOS.S>-led Cooper Basin
+  joint ventures have been upgraded to 2,721.7 billion cubic feet
+  (bcf) from the 2,466 estimated last May, Santos said.
+      The upgrading followed a re-review by consultant <Coles
+  Nikiforuk Pennell Associates> in light of the large number of
+  gas finds since May 1986, Santos said in a statement.
+      This means that total contractual commitments of 2,455.5
+  bcf to <The Australian Gas Light Co> of New South Wales and the
+  Pipeline Authority of South Australia can be met with spare gas
+  available for sale in South Australia, it said.
+  
+
diff --git a/reuters/training/1273 b/reuters/training/1273
new file mode 100644
index 0000000000000000000000000000000000000000..ae2202afcf918c47b2aab696e29500582190db2b
--- /dev/null
+++ b/reuters/training/1273
@@ -0,0 +1,8 @@
+USDA REPORTS CORN SOLD SOLD TO UNKNOWN
+  The U.S. Agriculture Department said
+  private U.S. exporters reported sales of 104,000 tonnes of corn
+  to unknown destinations for shipment in the 1986/87 marketing
+  year.
+      The marketing year for corn began September 1, it said.
+  
+
diff --git a/reuters/training/12731 b/reuters/training/12731
new file mode 100644
index 0000000000000000000000000000000000000000..6a4c552b77e4fe800df67fde991c9237bcaa8cf4
--- /dev/null
+++ b/reuters/training/12731
@@ -0,0 +1,14 @@
+ANZ BANK TO CUT AUSTRALIAN PRIME RATE TO 18 PCT
+  Australia and New Zealand Banking
+  Group Ltd <ANZA.S> said it will lower its Australian prime
+  lending rate to 18 pct from 18.25, effective April 6.
+      The cut is the second announced by the bank in the last
+  week, following a cut from 18.5 pct effective last Monday.
+      The ANZ's new rate will be the lowest prime set by the four
+  major trading banks and matches the rate set by one of the
+  smaller foreign banks in January and left unchanged during the
+  rise in primes over the last three months.
+      Other primes range from 18.25 to 18.5 pct, including those
+  of the other three majors.
+  
+
diff --git a/reuters/training/12732 b/reuters/training/12732
new file mode 100644
index 0000000000000000000000000000000000000000..117f9a0d7ed9f6231bd8927f1f3cb6be279dd55a
--- /dev/null
+++ b/reuters/training/12732
@@ -0,0 +1,25 @@
+ANZ BANK IN N.Z. RAISES INDICATOR LENDING RATE
+  The Australia and New Zealand Banking
+  Group Ltd in New Zealand said it will raise its indicator
+  lending rate to 23 pct from 21.5 pct on April 7.
+      A bank statement said the continuing rise in the cost of
+  funds had to be passed on to the lending customers.
+      ANZ managing director Brian Weeks said: "Recent developments
+  in the money markets are of deep concern to all participants
+  ... Market participants are understandably nervous and cautious
+  about future developments.
+      These include flows to and from the government relating to
+  the privatisation of seven government departments on April 1.
+      "We welcome the flexibility evident in the Reserve Bank's
+  move to raise the system cash target yesterday, but feel that
+  to reduce the present nervousness the cash target and primary
+  liquidity level need to be raised further...," he said.
+      The Reserve Bank has raised its daily cash target to 45 mln
+  N.Z. Dlrs from its normal 30 mln dlrs.
+      Call rates have traded as high as 65 pct this week because
+  of business year-end March 31 balance date book squaring.
+      Westpac Banking Corp in New Zealand announced yesterday it
+  would increase its indicator lending rate by 1.5 percentage
+  points to 22.5 pct on April 7.
+  
+
diff --git a/reuters/training/12737 b/reuters/training/12737
new file mode 100644
index 0000000000000000000000000000000000000000..e62f3eec932030d18fb4e32b875492d56b58bdf5
--- /dev/null
+++ b/reuters/training/12737
@@ -0,0 +1,14 @@
+JAPAN/U.S. AGRICULTURE TALKS SET FOR APRIL 17, 20
+  Agriculture Minister Mutsuki Kato said he
+  will meet U.S. Agriculture Secretary Richard Lyng here on April
+  17 and 20 to discuss bilateral farm trade issues. Lyng will
+  visit Tokyo from April 16 to 27.
+      Kato told reporters after a cabinet meeting all topics ofconcern to the U.S. Will be discussed, such as trade in beef
+  
+  and oranges and import controls on farm products. He said
+  Shintaro Abe, the ruling Liberal Democratic Party's executive
+  council chairman, would propose some unspecified measures in
+  response to demands to ease import controls on U.S. Farm
+  products. Kato declined to give any details.
+  
+
diff --git a/reuters/training/12741 b/reuters/training/12741
new file mode 100644
index 0000000000000000000000000000000000000000..b79cd54b6ea702582c3402f778822b086ba9c175
--- /dev/null
+++ b/reuters/training/12741
@@ -0,0 +1,14 @@
+NEW DUTCH ADVANCES TOTAL 4.1 BILLION GUILDERS
+  The Duth Central bank said it accepted
+  bids totalling 4.086 billion guilders at tender for the new
+  twelve-day special advances at an unchanged 5.3 pct.
+      Bids up to 30 mln guilders were met in full, amounts above
+  at 40 pct.
+      The new advances, covering the period April 3 to 15,
+  replace the current 4.2 billion guilder nine-day facility at
+  5.3 pct, which expires today.
+      Money market dealers said the total amount allocated was in
+  line with expectations and would be sufficient to cover the
+  money market shortage for the duration of the facility.
+  
+
diff --git a/reuters/training/12743 b/reuters/training/12743
new file mode 100644
index 0000000000000000000000000000000000000000..8cdeedd2d9d56cc36f3eaefc090c75f18e80898a
--- /dev/null
+++ b/reuters/training/12743
@@ -0,0 +1,31 @@
+GERMAN MARCH UNADJUSTED JOBLESS FALLS
+  West German unemployment, unadjusted
+  for seasonal factors, fell to 2.41 mln in March from 2.49 mln
+  in February, the Federal Labour Office said.
+      The total represents 9.6 pct of the workforce compared with
+  10.0 pct in February.
+      The seasonally adjusted jobless total rose, however, in
+  March to 2.23 mln from 2.18 mln in February, it added.
+      In March last year the unadjusted unemployment total stood
+  at 2.45 mln and represented 9.8 pct of the workforce.
+  Seasonally adjusted unemployment was 2.29 mln.
+      The Federal Labour Office said the number of workers on
+  short time rose by 80,629 to 462,802 and the number of
+  vacancies increased by 15,263 to 180,047.
+      Labour Office President Heinrich Franke, announcing the
+  figures, said the hesitant decline in the unadjusted jobless
+  total reflected continuing bad weather, slack activity in the
+  capital goods sector and structural changes in the coal and
+  steel industry.
+      In a separate statement, the Federal Statistics Office said
+  the rise in the overall number of people in employment had
+  slowed in February.
+      The Office said that, according to estimates for February,
+  25.7 mln people were in work, a rise of around 240,000 or 0.9
+  pct compared with the same month in 1986.
+      It noted that in January the year-on-year rise was 250,000
+  or 1.0 pct and the number in work stood at 25.78 mln. The
+  decline in February compared with January reflected seasonal
+  factors, it added.
+  
+
diff --git a/reuters/training/12745 b/reuters/training/12745
new file mode 100644
index 0000000000000000000000000000000000000000..3e9f009b1ce5a95e38d7a02d281c79449a31be7a
--- /dev/null
+++ b/reuters/training/12745
@@ -0,0 +1,11 @@
+U.K. MONEY MARKET DEFICIT FORECAST AT 700 MLN STG
+  The Bank of England said it has forecast
+  a shortage of around 700 mln stg in the system today.
+      Among the main factors, maturing assistance and take-up of
+  treasury bills will drain 546 mln stg, bills for repurchase by
+  the market 76 mln, a rise in note circulation 310 mln and
+  bankers balances below target 105 mln.
+      The outflow will be partly offset by 340 mln stg exchequer
+  transactions.
+  
+
diff --git a/reuters/training/12746 b/reuters/training/12746
new file mode 100644
index 0000000000000000000000000000000000000000..3e05945a42d701bd193ab2b1c45c4cbed1c3df60
--- /dev/null
+++ b/reuters/training/12746
@@ -0,0 +1,17 @@
+PORLA CRUDE PALM OIL TRADE REPORT FOR APRIL 2
+  The Palm Oil Registration and
+  Licensing Authority (PORLA) reports trade in crude palm oil
+  (cpo) on April 2 as follows in ringgit per tonne delivered
+  unless stated.
+      April 752.50 south and central 751 north average 752.50
+  down 6.50. May 750 south down 11.
+      Refined palm oil traded in bulk US dlrs per tonne fob. RBD
+  palm oil May 320. RBD palm olein April 336 May 337.50 June 337.
+  RBD palm stearin May 275.
+      The cpo market was lower in light trading, with April
+  traded between 747.50 and 755 ringgit per tonne.
+      The refined palm oil market was slightly easier and April
+  delivery of RBD palm olein to Singapore traded at 856.50
+  ringgit per tonne.
+  
+
diff --git a/reuters/training/12748 b/reuters/training/12748
new file mode 100644
index 0000000000000000000000000000000000000000..1e8f8d9cf78e584fdbec57d34c22d8ae731c4cb3
--- /dev/null
+++ b/reuters/training/12748
@@ -0,0 +1,13 @@
+TAIWAN ISSUES MORE CERTIFICATES OF DEPOSIT
+  The Central Bank issued 5.65 billion dlrs
+  worth of certificates of deposit (CDs), boosting CD issues so
+  far this year to 147.58 billion, a bank spokesman told Reuters.
+      The new CDs, with maturities of six months, one year and
+  two years, carry interest rates ranging from 4.07 pct to 5.12
+  pct, he said.
+      The issues are intended to help curb the growth of the M-1b
+  money supply which has grown as a result of increasing foreign
+  exchange reserves.
+      The reserves hit a record 53 billion U.S. Dlrs last month.
+  
+
diff --git a/reuters/training/12751 b/reuters/training/12751
new file mode 100644
index 0000000000000000000000000000000000000000..ec88713601868582b3f15d73bc043b86226c6df3
--- /dev/null
+++ b/reuters/training/12751
@@ -0,0 +1,14 @@
+MIM COMPLETES PART OF NORDDEUTSCHE AFFINERIE BUY
+  MIM Holdings Ltd <MIMA.S> said it has
+  issued 23.33 mln shares to Preussag AG <PRSG.F> to complete the
+  previously announced purchase of 20 pct of <Norddeutsche
+  Affinerie AG> from Preussag.
+      Terms of the acquisition of 10 pct of Norddeutsche
+  Affinerie from Degussa AG <DGSG.F> are currently being
+  resolved, MIM said in a statement.
+      Norddeutsche Affinerie will then be owned 40 pct by
+  Metallgesellschaft AG <METG.F> and 30 pct each by MIM and
+  Degussa, but MIM said it and Metallgesellschaft are proposing a
+  further arrangement to give them 35 pct each.
+  
+
diff --git a/reuters/training/12752 b/reuters/training/12752
new file mode 100644
index 0000000000000000000000000000000000000000..fea1d28a15c530daaccb54855bf0a92533f94aab
--- /dev/null
+++ b/reuters/training/12752
@@ -0,0 +1,9 @@
+DANISH UNEMPLOYMENT FALLS TO 7.8 PCT IN FEBRUARY
+  Denmark's seasonally adjusted
+  unemployment rate fell to 7.8 pct of the workforce in February
+  from 7.9 pct in January, against 7.9 pct in February 1986, the
+  National Statistics Office said.
+      The total number of unemployed in February was 213,200
+  against 215,700 in January and 216,600 in February, 1986.
+  
+
diff --git a/reuters/training/12753 b/reuters/training/12753
new file mode 100644
index 0000000000000000000000000000000000000000..a2b39e654f7a914feb16157fb11a368986946123
--- /dev/null
+++ b/reuters/training/12753
@@ -0,0 +1,20 @@
+EUROPEAN SOY/FEED MARKET OPENS QUIETLY
+  Meals and feed on a cif Rotterdam
+  basis opened quietly this morning with mixed to slighlty firmer
+  seller indications compared with yesterday's midday levels,
+  market sources said.
+      Early buying interest was low despite a weaker dollar
+  against European currencies, they added. No trades were
+  reported so far.
+      US soymeal indicated between unchanged and one dlr a tonne
+  lower compared with yesterday. Brazilian soymeal pellets were
+  offered between one dlr lower and one higher, while Argentines
+  indicated up to two dlrs a tonne higher than yesterday.
+      Cornglutenfeed pellets were indicated between unchanged and
+  one dlr lower, while citruspulp pellets were offered at
+  slightly firmer levels compared with yesterday midday.
+      Seller indications for sunmeal pellets were between one dlr
+  higher and 0.50 dlrs lower than yesterday, while linseed
+  expellers were up to two dlrs above yesterday's midday levels.
+  
+
diff --git a/reuters/training/12754 b/reuters/training/12754
new file mode 100644
index 0000000000000000000000000000000000000000..0908a6b49f655e31da80523bacd59160792c5314
--- /dev/null
+++ b/reuters/training/12754
@@ -0,0 +1,34 @@
+PAKISTANI DECISION WILL HURT KENYAN TEA EXPORTS
+  Pakistan's decision to suspend tea
+  import licences will hurt Kenyan tea exports in the short term
+  while exporters seek new markets, sources close to Nairobi
+  broking houses and exporters said.
+      Broking house officials in the Sri Lankan capital Colombo
+  yesterday told Reuters Pakistan had suspended the licences in
+  order to link tea imports to Pakistani exports.
+      The latest available figures show that Kenyan exports to
+  Pakistan, mainly tea, were worth 75 mln dlrs in 1985, while
+  imports from Pakistan amounted to only 4.8 mln dlrs. Kenya
+  provides over 50 pct of Pakistan's tea imports.
+      The Nairobi sources said the Pakistani decision did not
+  come as a surprise as Pakistan had been complaining of the
+  trade imbalance for some time.
+      "We are very disappointed that Pakistan took such action ...
+  (it) will certainly hurt Kenya's tea industry in the short term
+  as Pakistan is Kenya's second largest market," a source at one
+  broking house told Reuters.
+      One tea broker said Pakistan's move had already affected
+  Kenya's tea trade and was largely responsible for an average
+  fall of two shillings a kilo at the export auction in Mombasa
+  last Monday.
+      "The trend is likely to continue until other countries
+  replace Pakistan, which usually buys all qualities of our tea,"
+  he added.
+      Kenya has for a long time relied on Britain, Pakistan,
+  Egypt and, to a lesser extent the United States, as major
+  markets for its tea, the sources added.
+      Small-scale exporters who export mainly to Pakistan would
+  be worst hit by the Pakistani move as it would take them longer
+  to find new outlets, they said.
+  
+
diff --git a/reuters/training/12755 b/reuters/training/12755
new file mode 100644
index 0000000000000000000000000000000000000000..58f1300b7dd32792df2471655ed7f85cf41c9fd7
--- /dev/null
+++ b/reuters/training/12755
@@ -0,0 +1,14 @@
+SWEDISH PRIME MINISTER'S CHINA VISIT BOOSTS TRADE
+  An big expansion in bilateral trade is
+  expected as a result of Swedish Prime Minister Ingvar
+  Carlsson's visit to China, a official of China's Foreign
+  Economic Relations and Trade Ministry official said.
+      He told the China Daily that petroleum, coal, cotton,
+  non-ferrous metals and electric engines could help balance the
+  trade running at over three-to-one in Sweden's favour.
+      Total trade reached 290 mln dlrs last year, up 32 pct on
+  1985, according to Chinese statistics. Swedish sources said
+  major paper mill projects and an aviation agreement would be
+  discussed during Carlsson's one week visit.
+  
+
diff --git a/reuters/training/12757 b/reuters/training/12757
new file mode 100644
index 0000000000000000000000000000000000000000..d6b4820d37c1f4ae0c8fdaf08664786a4c6dd91a
--- /dev/null
+++ b/reuters/training/12757
@@ -0,0 +1,9 @@
+TAIWAN BUYS 54,000 TONNES OF U.S. SOYBEANS
+  The joint committee of Taiwan soybean
+  importers awarded a contract to Cigra Inc of Chicago to supply
+  a 54,000 tonne cargo of U.S. Soybeans, a committee spokesman
+  told Reuters.
+      The cargo, priced at 213.87 U.S. Dlrs per tonne c and f
+  Taiwan, is for delivery between April 20 and May 5.
+  
+
diff --git a/reuters/training/12758 b/reuters/training/12758
new file mode 100644
index 0000000000000000000000000000000000000000..ea7cb08afae29249fffa709796acf300537c2eba
--- /dev/null
+++ b/reuters/training/12758
@@ -0,0 +1,13 @@
+SOUTH KOREAN MONEY SUPPLY FALLS IN MARCH
+  South Korea's M-2 money supply fell two
+  pct to 33,463.4 billion won in March from 34,030.3 billion in
+  February, provisional Bank of Korea figures show.
+      It rose a revised 0.5 pct in February and was up 14.7 pct
+  from a year earlier.
+      M-1 money supply fell 8.7 pct to 7,767.8 billion won in
+  March against a revised rise of 4.3 pct in February. It has
+  increased 8.3 pct since March last year.
+      Bank officials said the March falls were due mainly to
+  various measures by the bank to absorb excess money.
+  
+
diff --git a/reuters/training/12759 b/reuters/training/12759
new file mode 100644
index 0000000000000000000000000000000000000000..9377e6b2998a158281700db87e505a96b81fcfa7
--- /dev/null
+++ b/reuters/training/12759
@@ -0,0 +1,14 @@
+SKANDIA INTERNATIONAL BUYS STAKE IN NEVI BALTIC
+  <Skandia International Holding AB>,
+  the overseas offshoot of Swedish insurance group Forsakrings AB
+  Skandia <SKDS.ST> said it was buying a 29.9 pct share in the
+  London-quoted property and financial services company <Nevi
+  Baltic Plc>. No financial details were given.
+      Nevi Baltic, with a 1986 turnover of 20 mln stg and total
+  assets of 70 mln stg, is controlled by Norwegian finance
+  company <Nevi AS> which will retain a 30.1 pct stake in the
+  British unit, Skandia said in a statement.
+      The deal is subject to formal approval from the Swedish
+  central bank, the statement added.
+  
+
diff --git a/reuters/training/1276 b/reuters/training/1276
new file mode 100644
index 0000000000000000000000000000000000000000..8b19aed898224416c1b6fc91fc51d93325165ff5
--- /dev/null
+++ b/reuters/training/1276
@@ -0,0 +1,13 @@
+AMERICAN AIRCRAFT BUYS INTO HELICOPTER BUILDER
+  <American Aircraft Corp> said it
+  has acquired a 51 pct interest in privately-owned <Hunter
+  Helicopter of Nevada Inc> for an undisclosed amount of stock.
+      An American Aircraft official said the company has an
+  option to acquire the remaining 49 pct.
+      Hunter Helicopter is in the business of building a two
+  passenger helicopter retailing for about 50,000 dlrs each which
+  is certified by the Federal Aviation Administration. The
+  helicopters will be manufactured in American Aircraft's Uvalde,
+  Texas, plant, it added.
+  
+
diff --git a/reuters/training/12760 b/reuters/training/12760
new file mode 100644
index 0000000000000000000000000000000000000000..64fc3a82f18a4caa7c17754ff5111fd55ded7a5f
--- /dev/null
+++ b/reuters/training/12760
@@ -0,0 +1,15 @@
+LONDON SUGAR OPENS STEADY BUT QUIET
+  Raw sugar futures had a quiet opening
+  call of 38 lots with prices holding steady from last night with
+  gains of 20 to 80 cents a tonne, dealers said.
+      Aug was trading at 157.60 dlrs from 157.40 asked yesterday.
+      The modest rise continued the recent rally from an oversold
+  situation but, dealers noted, there was little fresh physicals
+  news to stimulate activity.
+      Whites tenders are scheduled for next Wednesday by Syria
+  for 36,000 tonnes and Greece for 40,000 tonnes while Pakistan
+  is due to tender on April 11 for 100,000 tonnes whites, they
+  said.
+      This week has seen whites buying by India and Egypt.
+  
+
diff --git a/reuters/training/12761 b/reuters/training/12761
new file mode 100644
index 0000000000000000000000000000000000000000..8dcb0b6ac0b6f2e0028adb7223acf7b4229eb6f1
--- /dev/null
+++ b/reuters/training/12761
@@ -0,0 +1,14 @@
+AUSTRALIAN TUG CREWS DELAY FOREIGN CONTAINER SHIPS
+  Tug crews are preventing the movement of
+  foreign-flag container vessels in and out of the ports of
+  Sydney, Melbourne and Fremantle, shipping sources said.
+      They said maritime unions imposed bans on late Wednesday
+  for reasons that are obscure but seem to be linked with claims
+  for a pay rise above the 10 dlrs a week awarded by the
+  Arbitration Commission nationally to all workers recently.
+      Only about 10 vessels are being delayed but the bans will
+  affect container terminal movements and will disrupt liner
+  schedules, they said.
+      The dispute goes to the Commission on Monday, they said.
+  
+
diff --git a/reuters/training/12762 b/reuters/training/12762
new file mode 100644
index 0000000000000000000000000000000000000000..175867a6f454103f757a106ac8239d5aabbe21e0
--- /dev/null
+++ b/reuters/training/12762
@@ -0,0 +1,13 @@
+U.K. WHEAT MARKET EASES ON INTERVENTION RELEASE
+  U.K. Domestic wheat markets dropped about
+  one stg per tonne early this morning following overnight news
+  that the EC is releasing a further 300,000 tonnes of wheat from
+  British intervention stores for the home market over a three
+  month period.
+      April deliveries of denaturable wheat were offered in East
+  Anglia at 124 stg and May at 125 stg per tonne, both one stg
+  down on yesterday's traded rates.
+      The market is expecting U.K. Wheat futures to show a
+  similar loss at today's opening.
+  
+
diff --git a/reuters/training/12763 b/reuters/training/12763
new file mode 100644
index 0000000000000000000000000000000000000000..d39252188c21fd8bab2779550a1f658e9aa2aed7
--- /dev/null
+++ b/reuters/training/12763
@@ -0,0 +1,24 @@
+LONDON COCOA TRADES AT LOWS BY MIDMORNING
+  Cocoa futures fell to session lows by
+  midmorning, posting losses from last night of six to two stg a
+  tonne in 1987 deliveries, dealers said.
+      Weekend profittaking by jobbers and general book-squaring
+  featured the fall which was aided by steady sterling versus the
+  dollar and lack of offtake in the physicals market.
+      Dealers said the market was switch and straddle-bound, in
+  that any pressure on one particular month was certain to be
+  reflected in adjacent deliveries.
+      The undertone, however, remained cautious as operators
+  await an eventual start to ICCO buffer stock buying, dealers
+  said.
+      The market was originally forecast to open with average
+  five stg gains from last night following New York's firmer
+  close yesterday, dealers said.
+      But this was largely counter-balanced by currency factors.
+      Near July traded at its session low of 1,327 stg after one
+  hour versus 1,333 bid last night and an early high of 1,335.
+      Volume midmorning was 730 lots including 350 lots crossed
+  and 108 switches.
+      There was no sign of any origin activity.
+  
+
diff --git a/reuters/training/12767 b/reuters/training/12767
new file mode 100644
index 0000000000000000000000000000000000000000..3b1434105a3eb6a43640afbcd29e54525ba36d5f
--- /dev/null
+++ b/reuters/training/12767
@@ -0,0 +1,23 @@
+HORIZ0N AGREES TO 94.8 MLN STG BID FROM BASS
+  Bass Plc <BASS.L> and <Horizon Travel
+  Plc> said terms have been agreed for an offer worth around 94.8
+  mln stg for Horizon by Bass.
+      The offer values each Horizon share at some 0.213 of a Bass
+  ordinary share, or 190p. This is based on a price of 892p, the
+  Bass share quotation at 1630 gmt on April 2.
+      Horizon said its board and financial advisers consider the
+  offer to be fair and reasonable and the board will unanimously
+  recommend acceptance to its shareholders.
+      Horizon shares jumped 23p to 188 after the announcement
+  while Bass shares dipped 13p to 879.
+      Bass has for some time regarded overseas holidays as an
+  area for expansion and in pursuit of this objective, acquired a
+  25.6 pct holding in Horizon in 1985 when it set up the jointly
+  owned hotel company.
+      Both Bass and Horizon said that Bass's resources will
+  enable Horizon's businesses to expand strongly this year.
+      On March 30 Bass said it had agreed to sell its Pontins
+  U.K. Holiday camps to a newly formed private company, Pontins
+  Ltd, for some 57.5 mln stg.
+  
+
diff --git a/reuters/training/12768 b/reuters/training/12768
new file mode 100644
index 0000000000000000000000000000000000000000..cf9f00d068bdcf36af66641b31be8f50a3d6ffb6
--- /dev/null
+++ b/reuters/training/12768
@@ -0,0 +1,25 @@
+ROTTERDAM'S MAIN GRAIN TERMINAL CLOSED BY STRIKE
+  Grain handling at Rotterdam port's
+  main grain terminal was at a standstill today as members of the
+  largest Dutch transport union FNV staged a lightning strike for
+  the third day running.
+      Pieter van der Vorm, managing director of Graan Elevator
+  Mij (GEM), which handles 95 pct of grain passing through the
+  port, said their main Europoort terminal was out of action
+  because of a strike by technical staff.
+      The actions, in support of union demands in negotiations
+  over a new labour agreement, began on Wednesday when grain
+  handlers stopped work.
+      Van der Vorm said that if strikes continued on today's
+  scale for some time vessels coming to unload grain in Rotterdam
+  would face delays, but this was not happening yet.
+      Wednesday's actions left GEM's facilities 40 pct
+  operational, and there were only limited strikes yesterday.
+      Talks between unions and employers yesterday and today
+  produced no result, but FNV spokesman Bert Duim said the union
+  was prepared to put their key demand, for a 36 hour working
+  week, at the bottom of the agenda.
+      Van der Vorm said, however, the union's demands on a range
+  of issues were far in excess of the management's final offer.
+  
+
diff --git a/reuters/training/1277 b/reuters/training/1277
new file mode 100644
index 0000000000000000000000000000000000000000..89f7948c490da692ee5ab18d4b6a4d6276c3eded
--- /dev/null
+++ b/reuters/training/1277
@@ -0,0 +1,6 @@
+PREMIER INDUSTRIAL CORP <PRE> REGULAR DIVIDEND
+  Qtly div 11 cts vs 11 cts in prior qtr
+      Payable April 10
+      Record March 23
+  
+
diff --git a/reuters/training/12770 b/reuters/training/12770
new file mode 100644
index 0000000000000000000000000000000000000000..282922affd05189c5e6ddd5be36ce56060c42dbd
--- /dev/null
+++ b/reuters/training/12770
@@ -0,0 +1,43 @@
+SOUTH KOREA TO PAY MORE FOR JAPANESE ETHYLENE
+  South Korea will pay about 20 pct more for
+  ethylene imported from Japan in the second quarter of the year
+  because increased plastic production in both countries has
+  boosted demand and tightened supplies, chemical industry
+  sources said.
+      South Korea has agreed to pay Japanese trading houses just
+  over 400 dlrs C and F per tonne, up from an average of 350 dlrs
+  in the first quarter and throughout 1986, they said.
+      South Korean demand for imported ethylene this month has
+  risen to 17,000 tonnes from 10,000 last month, and the country
+  may face difficulties covering the extra volume, they said.
+      <Korea Petrochemical Industries Corp>, a producer of high
+  density polyethylene (HDPE) and polypropylene, will more than
+  double its ethylene requirements to 9,000 tonnes a month from
+  4,000 when it completes a plant expansion at the end of this
+  month, the sources said.
+      <Honan Ethylene Corp's> import requirements have risen to
+  8,000 tonnes a month from 6,000 tonnes last year to meet strong
+  demand from <Honan Petrochemical Co>, which makes HDPE and
+  ethylene glycol, and <Hangyang Chemical>, which produces
+  low-density polyethylene and vinyl chloride monomer, they said.
+      But Japan's ethylene plants are already operating at almost
+  full capacity of 4.5 mln tonnes a year just to fulfill domestic
+  demand, the sources said.
+      "And even if Japan had the additional ethylene, there is a
+  logistical problem of finding extra appropriate-sized vessels
+  to ship it to Korea," said one trading house source.
+      Japanese trading companies are looking to alternative
+  sources to supply South Korea's needs, including Saudi Arabia,
+  Qatar and Mexico, they said.
+      But long-haul voyages are expensive as the product has to
+  be shipped at a temperature of minus 103 degrees centigrade to
+  keep it in a liquid form, they said.
+      Japan has no plans to invest further in the ethylene
+  industry in order to cope with the additional demand, despite
+  rising prices, trading house sources said.
+      South Korea has two projects in hand which will increase
+  its ethylene production capacity by 500,000 tonnes a year by
+  the end of 1989, so the strong demand surge for imports is only
+  a medium-term trend, they said.
+  
+
diff --git a/reuters/training/12771 b/reuters/training/12771
new file mode 100644
index 0000000000000000000000000000000000000000..454f212abee1d8fea34642ea94f0a8f2bf292add
--- /dev/null
+++ b/reuters/training/12771
@@ -0,0 +1,33 @@
+SWISS 1988 INFLATION SEEN AT TWO PCT - INSTITUTE
+  Swiss inflation is likely to rise in 1987
+  and 1988 because of inflationary tendencies in the domestic
+  economy, the Centre for Economic Research of the Federal
+  Institute of Technology said in its spring review.
+      It forecast a rise in consumer prices of two pct in 1988
+  compared with 1.3 pct in 1987. Low import prices in 1986 helped
+  to keep annual inflation down to 0.8 pct.
+      The centre said that in general the outlook for the Swiss
+  economy in 1987 and 1988 remained favourable, despite the more
+  difficult international economic climate facing export
+  industry.
+      The centre repeated its previous forecast that growth in
+  Swiss domestic product would slow to 2.2 pct in 1987 from 2.5
+  pct in 1986. It revised its forecast for 1988 GDP growth to 1.7
+  pct from 1.6 pct in its last autumn review.
+      Domestic demand will continue to replace exports as the
+  motor of economic growth. Private consumption will grow by
+  three pct in 1987 and two pct in 1988 against 3.75 pct in 1986.
+      Growth in goods exports will slow to 1.75 pct in 1987 from
+  2.1 pct in 1986 but pick up slightly to 2.5 pct in 1988. All
+  three figures are well below the Swiss average for recent
+  years. In 1985, for example, exports increased by 9.1 pct.
+      The centre said the strength of the Swiss franc, which has
+  firmed sharply in recent months, would continue to put pressure
+  on Swiss exporters.
+      It forecast that imports of goods would grow by a more
+  modest 4.5 pct in 1987 and 3.25 pct in 1988 than in 1986, when
+  import prices fell substantially and imports rose by 8.2 pct.
+      Industrial production will grow by 1.6 pct in 1987 and 1.2
+  pct in 1988 compared with 4.2 pct in 1986.
+  
+
diff --git a/reuters/training/12772 b/reuters/training/12772
new file mode 100644
index 0000000000000000000000000000000000000000..03888c2114ee373b452da8cd64846f71d2d07923
--- /dev/null
+++ b/reuters/training/12772
@@ -0,0 +1,19 @@
+LONDON SUGAR TRADES AT SESSION HIGHS BY MIDMORNING
+  Raw sugar futures firmed to session highs
+  by midmorning, securing gains from last night's basically
+  steady close of 1.00 to 1.80 dlrs a tonne in a 166 lot volume.
+      Shortcovering against an oversold situation continued to
+  play a part in the extended rally with unsettled dollar rates
+  versus sterling providing additional support.
+      Recent and prospective whites buying in the world market
+  was supportive but the raws section lacked feature, dealers
+  said.
+      India and Egypt bought white sugar this week while next
+  week sees tenders by Pakistan, Greece and Syria, they said.
+      May was at 154 dlrs from 152.80 asked last night.
+      All London Daily prices rose two dlrs a tonne on tone.
+      The Raws price was set at 150 dlrs Fob and 173 dlrs (107.50
+  stg) Cif.
+      The Whites price was at 192 dlrs from 190 yesterday.
+  
+
diff --git a/reuters/training/12774 b/reuters/training/12774
new file mode 100644
index 0000000000000000000000000000000000000000..013fc0213959203ad6111e80128e5a0e29fe3061
--- /dev/null
+++ b/reuters/training/12774
@@ -0,0 +1,21 @@
+BELGIUM CUTS TREASURY CERTIFICATE RATES
+  The Belgian National Bank cut interest
+  rates on one, two and three-month treasury certificates to 7.30
+  pct from 7.40 pct effective immediately, the bank said in a
+  telex message.
+      The Bank last adjusted its short-term treasury certificate
+  rates on March 23, when it also reduced rates for all three
+  periods by 0.10 points.
+      A National Bank spokesman said the latest adjustment would
+  bring the rates closer in line with currently prevailing
+  interbank interest rates.
+      The spokesman said it was too early to predict whether the
+  move would herald a reduction in discount rate, which currently
+  stands at eight pct, when the Bank holds its regular weekly
+  meeting at which the rate is discussed next Wednesday.
+      The discount rate generally moves in tandem with the
+  three-month treasury certificate rate. However, there is no
+  formal link and the discount rate was not adjusted following
+  the March 23 changes.
+  
+
diff --git a/reuters/training/12775 b/reuters/training/12775
new file mode 100644
index 0000000000000000000000000000000000000000..08141701a6ba8f2e1c63627f4ebca047b0c59d4e
--- /dev/null
+++ b/reuters/training/12775
@@ -0,0 +1,24 @@
+CLOSURE OF BP SWEDEN REFINERY FORECAST
+  A Swedish Finance Ministry committee
+  forecast that British Petroleum Plc <BP.L> may have to close
+  its refinery in Gothenburg because of an anticipated worsening
+  of the Swedish petroleum industry's competitiveness.
+      It said in a report that the future of the Swedish refining
+  business was bleak due to the steady drop in domestic oil
+  consumption since the mid-1970s, a possible tightening of rules
+  on sulphur content and competition from Norway's Mongstad
+  facility of <Den Norske Stats Olieselskab> (Statoil) <STAT.OL>
+  when its expansion is completed in the 1990s.
+      The committee said the BP refinery, which lacks a
+  de-sulphurisation plant, was likely to be closed or sold unless
+  costly investments were made to enhance the facility's capacity
+  to refine a broader range of products.
+      But the committee noted that capacity utilisation had in
+  recent years been above that of the European refining industry
+  on average. The BP plant, in which Sweden's state-owned <OK
+  Petroleum AB> has a 22 pct, started up in 1967 and has an
+  annual capacity of 4.7 mln tonnes.
+      There was nobody at British Petroleum immediately available
+  for comment.
+  
+
diff --git a/reuters/training/12778 b/reuters/training/12778
new file mode 100644
index 0000000000000000000000000000000000000000..ef0fb9b51f13c696a6dac076d676c92dd014b658
--- /dev/null
+++ b/reuters/training/12778
@@ -0,0 +1,54 @@
+RECENT SUGAR FALL SPARKS SOVIET, CHINESE BUYING
+  The recent fall in world sugar prices,
+  due to increased producer pricing sales and evidence of export
+  availability, has encouraged renewed buying interest from China
+  and the Soviet Union, London trade house E.D.And F. Man said.
+      Further purchases are expected by the Peoples Republic of
+  China at the lower end of the recent price range, which should
+  limit the downside movement, it said in its latest monthly
+  market report.
+     "And it is believed that the Soviet Union will need to return
+  to the market to take a further 250,000/350,000 tonnes for
+  May/June shipment, Man added.
+      The Soviets purchased five cargoes of raws for April/May
+  shipment towards the end of last month, which brings its total
+  purchases to around 1.65 mln tonnes, Man said.
+      Production estimates for the Thai crop now exceed 2.3 mln
+  tonnes and the final outturn appears set to reach around 2.5
+  mln tonnes. However, this upturn in the Thai crop is being
+  countered by a reduction in China's production forecast to 5.3
+  mln tonnes from 5.5 mln estimated earlier.
+      Market participation by Cuba suggests that its crop could
+  be close to last year's 7.3 mln tonnes. But even with similar
+  production Man expects Cuban exports to be significantly down.
+      Cuba was reported to be carrying 1.3 mln tonnes of stocks
+  in September 1985, of which some 440,000 tonnes were used to
+  boost its 1985/86 exports to about 6.9 mln. But as it will not
+  be able to draw on surplus stocks this year, Man estimates
+  Cuba's export availabilty will be reduced to 6.4 to 6.5 mln
+  tonnes.
+      However, Cuba is only one of a large number of exporters
+  with reduced availability, Man said.
+      Since 1980 the total free market export supply has fallen
+  to 18 mln from about 22 mln tonnes. But at the same time free
+  market demand has also fallen by almost the same amount, which
+  has left exporters chasing falling import requirements.
+      A fairly tight balance now appears to have emerged. But the
+  difficult task of keeping production advances at bay still
+  remains, as at least one more season of production deficit is
+  needed to eliminate some of the remaining surplus stocks still
+  overhanging the market, Man said.
+      The increasing cases of record production as a result of
+  record yields and better husbandry have forced sugar producers
+  to strive for greater efficiency.
+      As this increase in efficiency reduces the marginal cost of
+  production, sugar exporters may become more responsive to
+  prices and in particular to upward price movements, Man said.
+      Commenting on the current row between the EC Commission and
+  sugar producers, Man said despite the recent improvement in the
+  level of restitutions, they are still insufficient to fully
+  compensate producers when exporting on the world market.
+      Unless there are further improvements, at least some sugar
+  is expected to remain in intervention, it added.
+  
+
diff --git a/reuters/training/12780 b/reuters/training/12780
new file mode 100644
index 0000000000000000000000000000000000000000..5fc64ac13ac458cbd0a7ef5748bd3c9c48053383
--- /dev/null
+++ b/reuters/training/12780
@@ -0,0 +1,33 @@
+NO INTERVENTION, DOLLAR FIXED AT 1.8162 MARKS
+  The Bundesbank did not intervene as
+  the dollar was fixed lower at 1.8162 marks after 1.8270
+  yesterday, dealers said.
+      The dollar firmed slightly from its opening 1.8135/45 marks
+  in very quiet pre-weekend trading and dealers said they
+  expected business to remain thin this afternoon.
+      "Trading is at an absolute nil, nobody wants to get involved
+  ahead of next week's meetings," one dealer with a U.S. Bank
+  said, referring to the Group of Seven industrial nations and
+  the International Monetary Fund meetings in Washington.
+      Dealers saw the dollar staying at current levels but
+  possibly rising above 1.83 marks on any supporting remarks
+  emerging from the meetings. "But the dollar's medium-term
+  direction is soft," one dealer said.
+      The dollar could well come under renewed pressure after the
+  international forums as attention returned to the U.S. And the
+  U.K.'s trade dispute with Japan, dealers said.
+      Cross currency trading was also subdued though sterling's
+  rise above 1.60 dlrs helped it to firm against the mark. It was
+  fixed higher at 2.924 marks after yesterday's 2.910.
+      The pound was seen staying between 2.90 and 2.93 marks for
+  the next days, dealers said.
+      Eurodollar deposit rates were steady from this morning,
+  with six month funds unchanged at midpoint 6-11/16 pct. Six
+  month euromarks stayed at midpoint 3-7/8 pct.
+      The Swiss franc firmed to 119.86 marks per 100 at the fix
+  from 119.71 yesterday and the yen rose to 1.244 marks per 100
+  from 1.243.
+      The French franc was little changed at 30.050 marks per 100
+  after 30.055 yesterday.
+  
+
diff --git a/reuters/training/12783 b/reuters/training/12783
new file mode 100644
index 0000000000000000000000000000000000000000..259f405e5ece036fdcfa8838bcdc971442cca4fc
--- /dev/null
+++ b/reuters/training/12783
@@ -0,0 +1,12 @@
+HINDUSTAN LEVER PROFITS RISE FOR 1986
+  Shr 8.4 rupees vs seven
+      Pretax profit 650.7 mln vs 555.6 mln
+      Net profit 390.7 mln vs 325.6 mln
+      Sales 8.24 billion vs 7.07 billion
+      Div 34 pct vs 30 pct
+      Tax 260 mln vs 230 mln
+      Dividend payable on June 3
+      The company is 51 pct subsidiary of Unilever Plc.The full
+  name of the company is HINDUSTAN LEVER LTD <HINU.BO>.
+  
+
diff --git a/reuters/training/12785 b/reuters/training/12785
new file mode 100644
index 0000000000000000000000000000000000000000..bfdc2f5574d36ff8de46a21a2c51962f7d8f8f6d
--- /dev/null
+++ b/reuters/training/12785
@@ -0,0 +1,5 @@
+U.K. MONEY MARKET DEFICIT REVISED UPWARD
+  The Bank of England said it has revised
+  its estimate of today's shortfall to 750 mln stg from 700 mln.
+  
+
diff --git a/reuters/training/12786 b/reuters/training/12786
new file mode 100644
index 0000000000000000000000000000000000000000..833930432d97efdf7c55651e957a9461c2c59bd3
--- /dev/null
+++ b/reuters/training/12786
@@ -0,0 +1,13 @@
+INDIA BUYS VEGETABLE OILS, PAKISTAN TO RETENDER
+  The Indian State Trading Corporation
+  (STC) bought 20,000 tonnes of optional origin soybean oil and
+  6,000 tonnes of rbd palm olein at its import tender yesterday,
+  traders said.
+      Pakistan, however, rejected offers at its tender for 12,000
+  tonnes of rbd palm oil, but is expected to reenter the market
+  next week, they said.
+      The STC soyoil purchase was for May 20/Jun 20 shipment at
+  319 dlrs per tonne cif and the palm olein for Apr 25/May 25
+  shipment at 355 dlrs per tonne.
+  
+
diff --git a/reuters/training/12787 b/reuters/training/12787
new file mode 100644
index 0000000000000000000000000000000000000000..416c4f53cf8c579e0c3eead3e69445ed5963f9d9
--- /dev/null
+++ b/reuters/training/12787
@@ -0,0 +1,23 @@
+DUTCH SOYMEAL IMPORTS FALL IN JANUARY
+  Dutch soymeal imports fell
+  to 75,500 tonnes in January from 97,070 in December and 120,228
+  in January 1986, Central Bureau of Statistics figures show.
+      The U.S. Was the largest supplier in January with 38,760
+  tonnes, down from 46,899 in December and 63,111 in January
+  1986.
+      Brazil supplied 1,263 tonnes in January, down from 7,411 in
+  December and 27,088 in January 1986.
+      Dutch imports of Argentine soymeal in January were 34,663
+  tonnes, down from 41,365 tonnes in December but above the
+  13,375 tonnes in the year ago month.
+      Total Dutch exports of soymeal in January were 128,015
+  tonnes, down from 133,559 tonnes in December and 155,050
+  exported in January 1986.
+      European Community countries were the main destinations for
+  Dutch soymeal exports with 102,355 tonnes compared with 124,026
+  in December and 116,080 in January 1986.
+      Among third country destinations, the Soviet Union was the
+  largest costumer in January, taking 11,985 tonnes compared with
+  nil in December and 26,074 tonnes in January 1986.
+  
+
diff --git a/reuters/training/12788 b/reuters/training/12788
new file mode 100644
index 0000000000000000000000000000000000000000..6ce4c73ecf4d913eef6cff1c9920f0bdae63618f
--- /dev/null
+++ b/reuters/training/12788
@@ -0,0 +1,34 @@
+SPAIN REVISES ECONOMIC TARGETS FOR 1987
+  Spain has revised some of its main
+  economic targets for 1987 after studying the performance of the
+  economy in the first quarter, the economy ministry said in its
+  monthly bulletin.
+      Internal demand is now forecast to rise four pct against a
+  previous target of 3.5 pct.
+      Mariano Rubio, governor of the Bank of Spain, the central
+  bank, yesterday said internal demand was currently growing at
+  an annual rate of six pct and it had to be brought down to four
+  pct if the government were to meet its five pct inflation
+  target this year. Inflation was 8.3 pct in 1986.
+      The forecast for private consumption growth remains
+  unchanged at three pct, although public consumption is revised
+  upwards to 2.5 pct from 2.0 pct.
+      Growth in domestic demand will fuel imports, expected to
+  increase by 8.6 pct against an originally estimated 7.1 pct.
+      Export growth has been revised downwards to 3.7 pct from
+  5.2 pct due to the peseta's continuing strength against the
+  dollar and slack external demand.
+      Slow growth of exports and a tight rein on state spending
+  has lowered estimated GDP growth to three pct in 1987 from an
+  earlier forecast 3.5 pct. GDP grew by three pct last year.
+      The economy ministry is holding its inflation forecast to
+  five pct, in spite of minister Carlos Solchaga's doubts last
+  week on whether this target could be maintained if wage
+  settlements continue to rise above the government's recommended
+  five pct ceiling.
+      Unions and employers dispute the average wage increases
+  agreed so far this year. Trade unions calculate wage
+  settlements have produced average rises of 7.3 pct against 5.5
+  pct estimated by the employers' federation CEOE.
+  
+
diff --git a/reuters/training/12789 b/reuters/training/12789
new file mode 100644
index 0000000000000000000000000000000000000000..9184246b36225625f2eb0bf466321fd11ccf3e3b
--- /dev/null
+++ b/reuters/training/12789
@@ -0,0 +1,9 @@
+U.K. MONEY MARKET RECEIVES 170 MLN STG HELP
+  The Bank of England said it has operated
+  in the money market this morning, purchasing 170 mln stg bank
+  bills. This compares with the Bank's revised estimate of a 750
+  mln stg shortfall. In band two the Bank bought 72 mln stg at
+  9-13/16 pct, in band three 52 mln at 9-3/4 pct and in band four
+  46 mln at 9-11/16 pct.
+  
+
diff --git a/reuters/training/12790 b/reuters/training/12790
new file mode 100644
index 0000000000000000000000000000000000000000..4658e132d81536fb081c9ce7a5069a6ffa730914
--- /dev/null
+++ b/reuters/training/12790
@@ -0,0 +1,52 @@
+BEGHIN-SAY NOT PLANNING TO WITHDRAW SUGAR
+  French sugar producer Beghin-Say is not
+  currently planning to withdraw the sugar it has placed into
+  intervention, despite the exceptionally high rebate awarded at
+  this week's European Community (EC) sugar tender, Beghin-Say
+  President Jean-Marc Vernes told Reuters.
+      The maximum rebate of 46.864 Ecus per 100 kilos on
+  Wednesday was the largest ever granted, according to traders.
+      Vernes said he was satisfied the European Commission has
+  started to move in the right direction, but said his company
+  had no plans to change its decision to put sugar into
+  intervention.
+      But Vernes said he hoped that in the next few weeks a final
+  agreement would be reached with the commission which would
+  allow operators to withdraw the sugar from intervention.
+      European operators offered 854,000 tonnes of sugar into
+  intervention to protest about export rebates which they say are
+  too low. Over 785,000 tonnes of this sugar was accepted by the
+  commission on Wednesday, according to commission sources.
+      Under EC regulations, however, operators have another four
+  to five weeks to withdraw the sugar from intervention before
+  payment is made for it.
+      A total of 706,470 tonnes of French sugar and 79,000 tonnes
+  of West German sugar has been accepted into intervention, trade
+  sources said here. This amount represents about a third of
+  annual EC exports to non-EC countries.
+      Beghin-Say declined to specify the amount of sugar it had
+  offered into intervention, but said it was below 500,000
+  tonnes.
+      Producers say they have been losing 2.5 to 3.0 Ecus on
+  every 100 kilos exported due to the failure of rebates to fully
+  bridge the gap between EC and world prices. Wednesday's rebate
+  was 0.87 Ecus short of what producers say is needed to get an
+  equivalent price to that for sales into intervention, traders
+  said.
+      Vernes said operators hope to get a rebate which equates to
+  the full intervention price and said Wednesday's tender was a
+  step in the right direction.
+      Sugar producers here said the volume of sugar authorised
+  for export since the begining of the current campaign had been
+  inadequate and that more should be exported now to compensate.
+      Trade sources said new regulations governing export
+  rebates, which are due to be adopted shortly, may smooth the
+  path for the commission to award larger export rebates in
+  future.
+      One source at a leading French sugar house said it seemed
+  the commission had understood the protest action and was now
+  moving towards adapting the situation accordingly, thereby
+  allowing the operators to withdraw their sugar from
+  intervention once they got satisfaction.
+  
+
diff --git a/reuters/training/12791 b/reuters/training/12791
new file mode 100644
index 0000000000000000000000000000000000000000..83749012bef461f9e625cdf2ae05976746a7aa02
--- /dev/null
+++ b/reuters/training/12791
@@ -0,0 +1,62 @@
+STOLTENBERG SAYS PARIS ACCORD POLICY TO CONTINUE
+  West German Finance Minister Gerhard
+  Stoltenberg said the currency agreement reached in Paris in
+  February had been successful and would be continued.
+      Stoltenberg told journalists before he attends next week's
+  International Monetary Fund meeting in Washington that: "The ...
+  Strategy to stabilise currencies around current levels has
+  proven its worth and will also determine future developments."
+      Stoltenberg declined to comment specifically on what he
+  would consider to be an undervalued dollar but said a dollar
+  around 1.80 marks created problems for West Germany's exports.
+      Stoltenberg said studies by international organisations had
+  made it clear that especially in the U.S. And in Japan major
+  efforts remained necessary to support adjustments in foreign
+  trade balances via necessary corrections to economic policy.
+      "No-one would benefit if, after years of over-valuation, the
+  U.S. Dollar fell into the other extreme, that is, strong
+  under-valuation," he said.
+      Stoltenberg said West Germany had a keen interest in a
+  swift agreement between the U.S. And Japan concerning the
+  current trade dispute over semi-conductors.
+      Asked whether he believed the markets would test the Paris
+  currency accord, Stoltenberg did not comment specifically but
+  noted that much of what had been discussed in Paris had not
+  been published.
+      The Paris declaration did not state the levels at which
+  central banks of the major industrialised countries would
+  intervene.
+      Stoltenberg said that everything had been carefully
+  considered. He said he had nothing further to add.
+      Stoltenberg also appeared to suggest that West Germany was
+  now no longer under any pressure from the U.S. Government to
+  stimulate its economy.
+      He declined to respond specifically to a question on this
+  subject but said, "You must attach particular importance to the
+  consensus which was reached in Paris."
+      The minister nevertheless added that he would make clear
+  during his trip to Washington that West Germany's nominal trade
+  figures gave a false impression about actual trade flows.
+      Stoltenberg noted that in 1986 Bonn's exports fell by a
+  nominal two pct while its nominal imports fell by 10.7 pct.
+  West Germany's imports dropped largely because of foreign
+  currency developments and the cheaper price of oil and led to a
+  record trade surplus last year.
+      However, Stoltenberg said that in real terms West Germany's
+  exports by volume had increased by 1.5 pct while real imports
+  had risen by a much stronger 6.2 pct.
+      In this way West Germany had made its contribution to
+  economic stability, Stoltenberg added.
+      Stoltenberg noted the government expected imports to rise
+  by a real four to five pct in 1987 with exports stagnating.
+      He said it was too early to revise official forecasts for
+  West Germany's economic growth this year. The government has
+  forecast an unchanged 2.5 pct rise in Gross National Product.
+      The Kiel Institute, a leading research body, is still
+  expecting growth of three pct but some other research
+  institutes have revised forecasts down to below two pct.
+  Stoltenberg said the wide range of predictions showed how many
+  imponderables had to be taken into account and said no drastic
+  changes in official forecasts were needed.
+  
+
diff --git a/reuters/training/12795 b/reuters/training/12795
new file mode 100644
index 0000000000000000000000000000000000000000..e389fd94053b59668a499f8374b468f98187af67
--- /dev/null
+++ b/reuters/training/12795
@@ -0,0 +1,13 @@
+JAPAN ASKS BANKS TO CUT DOLLAR SALES - DEALERS
+  The Finance Ministry has asked Japanese
+  commercial banks to moderate their dollar sales, bank dealers
+  said.
+      They said the Ministry had telephoned city and long-term
+  banks earlier this week to make the request.
+      One dealer said this was the first time the Ministry had
+  made such a request to commercial banks.
+      Finance Ministry officials were unavailable for immediate
+  comment. Dealers said the Ministry has already asked
+  institutional investors to reduce their sales of the dollar.
+  
+
diff --git a/reuters/training/12796 b/reuters/training/12796
new file mode 100644
index 0000000000000000000000000000000000000000..8b1e8cea60ad744bc792f8f3272925ac39fa64f8
--- /dev/null
+++ b/reuters/training/12796
@@ -0,0 +1,8 @@
+CBT METALS/FINANCIALS DELIVERY LOCATIONS
+  The following deliveries are scheduled
+  for April 6 against Chicago Baord of Trade Futures -
+      Silver - 392 lots at Chicago, Illinois.
+      Kilo Gold - 21 lots. 16 at Chicago, Illinois, 5 at New
+  York, New York.
+  
+
diff --git a/reuters/training/12797 b/reuters/training/12797
new file mode 100644
index 0000000000000000000000000000000000000000..ff3bfa91d4bbb352f92ba77f85fd2729a6baf203
--- /dev/null
+++ b/reuters/training/12797
@@ -0,0 +1,14 @@
+PIONEER SUGAR SAYS CSR TAKEOVER OFFER TOO LOW
+  <Pioneer Sugar Mills Ltd> said it
+  considered the proposed 2.20 dlrs a share cash takeover offer
+  announced by CSR Ltd <CSRA.S> on March 31 to be too low in view
+  of the group*hK!UiIe and prospects.
+      CSR's bid for the 68.26 pct of Pioneer's 99.80 mln issued
+  shares it does not already hold values the entire grop_j9culd
+  make an alternative share offer but has not yet announced
+  terms.
+      Pioneer recommended in a statement that shareholders retain
+  their stock, pending the board's response once it receives full
+  details of the CSR offer.
+  
+
diff --git a/reuters/training/12799 b/reuters/training/12799
new file mode 100644
index 0000000000000000000000000000000000000000..a1cf68adcfdbe031f410a11645c60820c7d135f5
--- /dev/null
+++ b/reuters/training/12799
@@ -0,0 +1,36 @@
+GERMAN CHEMICAL INDUSTRY SEES LOWER PROFITS
+  West Germany's chemical
+  industry fears mounting risks will hurt earnings but hopes 1987
+  turnover will stabilize around 1986's 140 billion marks, Josef
+  Strenger, a board member of the industry association VCI, said.
+      Strenger, management board chairman of Bayer AG <BAYG.F>,
+  told a news conference at the Hanover trade fair the main
+  dangers were stagnation in world trade, the lower dollar as
+  well as crude oil and commodity prices.
+      Prospects of higher operating costs were also seen harming
+  earnings, he said. Turnover took a considerable downturn at the
+  start of 1987 after falling 5.9 pct in 1986.
+      The chemical industry, which relies heavily on exports, was
+  badly hit by mark appreciation in 1986 and lower turnover was
+  mainly due to foreign exchange losses, Strenger said.
+      Exports fell 6.4 pct to 72 billion marks in 1986 and
+  competition from U.S. And British firms increased. Savings from
+  lower oil and commodity prices were eaten up by price
+  competition and increased costs.
+      Strenger said 1986 operating profits of German chemical
+  firms were slightly worse than the year before but the improved
+  financial and balance sheet structure, after three good years,
+  neutralized the negative impact.
+      Strenger said the industry would try to increase production
+  in the U.S. To make up for lost export possibilities out of
+  West Germany.
+      The lower dollar was the main reason for an 8.3 pct fall in
+  exports to North America, an 11.4 pct drop to Latin America and
+  22.6 pct plunge to the Middle East.
+      Exports to Western Europe eased 3.5 pct and Far East
+  exports, due to an economic revival in Japan, dropped 5.2 pct.
+      Strenger noted that the industry had lost public confidence
+  following several cases of chemical pollution of the Rhine late
+  last year.
+  
+
diff --git a/reuters/training/128 b/reuters/training/128
new file mode 100644
index 0000000000000000000000000000000000000000..5b8b88e82ef8d85607d7b6006148dfa1bc26e480
--- /dev/null
+++ b/reuters/training/128
@@ -0,0 +1,9 @@
+LIEBERT CORP <LIEB> APPROVES MERGER
+  Liebert Corp said its shareholders
+  approved the merger of a wholly-owned subsidiary of Emerson
+  Electric Co <EMR>.
+      Under the terms of the merger, each Liebert shareholder
+  will receive .3322 shares of Emerson stock for each Liebert
+  share.
+  
+
diff --git a/reuters/training/1280 b/reuters/training/1280
new file mode 100644
index 0000000000000000000000000000000000000000..d04eb7a49de5b693c2648d6bb121498b19e8d7f3
--- /dev/null
+++ b/reuters/training/1280
@@ -0,0 +1,10 @@
+INTERNATIONAL TECHNOLOGY <ITX> BUYS FIRM
+  International Technology Corp
+  said it has purchased privately-held Western Emergency Service
+  Inc in a stock transaction.
+      Western Emergency, an environmental services firm, has
+  annual sales of between one and two mln dlrs, compared to
+  International Technology's roughly 240-mln-dlr annual sales, a
+  spokesman for International Technology said.
+  
+
diff --git a/reuters/training/12801 b/reuters/training/12801
new file mode 100644
index 0000000000000000000000000000000000000000..8ac2d0117ae094780a05d7f199f4f18185ad0b01
--- /dev/null
+++ b/reuters/training/12801
@@ -0,0 +1,9 @@
+GERMAN NET CURRENCY RESERVES RISE
+  West German net currency reserves rose
+  by 200 mln marks in the fourth week of March to 82.2 billion,
+  following a rise of 300 mln marks in the previous week, the
+  Bundesbank said.
+      Non-currency reserves were unchanged at about 2.5 billion
+  marks, bringing net monetary reserves to 84.7 billion.
+  
+
diff --git a/reuters/training/12802 b/reuters/training/12802
new file mode 100644
index 0000000000000000000000000000000000000000..925505cddf6dc21dca84d8de516849b4362ff75a
--- /dev/null
+++ b/reuters/training/12802
@@ -0,0 +1,23 @@
+LONDON GRAINS SEES WHEAT RECOVER FROM LOWS
+  U.K. Physical wheat values recovered from
+  initial losses of one to two stg per tonne caused by overnight
+  news of the release of an additional 300,000 tonnes of
+  intervention feed wheat for U.K. Weekly home market tenders.
+      Consumer buyers were attracted by the cheaper offers,
+  traders said, and by early afternoon the market had recovered
+  to one stg down to unchanged.
+      U.K. Wheat futures also rallied to end the morning
+  unchanged to 0.05 stg easier.
+      In East Anglia, April deliveries of feed wheat traded at
+  123 and May at 124 but were subsequently bid one stg a tonne
+      The market for denaturable wheat in Liverpool held
+  comparatively steady with sellers holding back due to uncertain
+  conditions.
+      April deliveries made 127.50 and June 129.50 stg per tonne,
+  basis Liverpool.
+      The fob market for wheat started easier but here again
+  selling pressure lifted around midday. Apr/Jun shipments traded
+  fob east coast at 123 stg per tonne. This compared with 124
+  paid for April yesterday and 125 for May/June.
+  
+
diff --git a/reuters/training/12803 b/reuters/training/12803
new file mode 100644
index 0000000000000000000000000000000000000000..938aeeaabb87b0b7c6dfa5c0b2b21806a6286c30
--- /dev/null
+++ b/reuters/training/12803
@@ -0,0 +1,22 @@
+NORSK HYDRO, SAGA SEEK DRILLING RIGHTS IN GABON
+  Norwegian oil companies Norsk Hydro A/S
+  <NHY.OL> and Saga Petroleum A/S <SAGO.OL> said they have
+  applied for offshore exploration drilling licenses in Gabon on
+  Africa's west coast.
+      Saga Petroleum said it has applied for a 35 pct share and
+  operatorship on one block, adding Finnish oil company Neste
+  <NEOY.HE>(25 pct), Spain's Hispanoil (25 pct), and the World
+  Bank's International Finance Corporation (IFS) (15 pct) have
+  joined Saga to fill remaining shares in the application.
+      Saga spokesman Roy Halvorsen told Reuters he expected
+  Gabonese officials would reply to the application by Easter.
+      Halvorsen said this is the first time Saga has applied to
+  operate on OPEC-member Gabon's continental shelf, adding that
+  Italian oil company Agip is heading a group of applicants in a
+  separate bid for the same license.
+      Norsk Hydro has also applied for an undisclosed share in a
+  single exploration license in which U.S. Oil company Tenneco
+  has already been assigned operatorship, company spokesman
+  Bjoern Tretvoll said.
+  
+
diff --git a/reuters/training/12805 b/reuters/training/12805
new file mode 100644
index 0000000000000000000000000000000000000000..6a053bddb92ce5e778e0c2cafa522c5359df5bee
--- /dev/null
+++ b/reuters/training/12805
@@ -0,0 +1,5 @@
+TOP DISCOUNT RATE AT UK BILL TENDER RISES TO 9.5261 PCT
+
+  TOP DISCOUNT RATE AT UK BILL TENDER RISES TO 9.5261 PCT
+  
+
diff --git a/reuters/training/12806 b/reuters/training/12806
new file mode 100644
index 0000000000000000000000000000000000000000..28d6ffae91265886fb5237198c1646e892ebe9b9
--- /dev/null
+++ b/reuters/training/12806
@@ -0,0 +1,77 @@
+U.S. TREASURY POLICIES SAID UNCHANGED BY DEPARTURE
+  The departure of James Baker's
+  closest aide, Deputy Treasury Secretary Richard Darman, will
+  not change the course of Washington's domestic and
+  international economic policies, U.S. officials said.
+      Darman, who has worked alongside Baker for six years, was
+  widely credited with helping him mastermind initiatives on
+  currency management and international economic cooperation.
+      U.S. Officials said Darman also played a key role in
+  shepherding President Reagan's sweeping tax reform plan through
+  the U.S. Congress.
+      But they flatly dismissed suggestions that his departure,
+  to the investment banking firm of Shearson Lehman Brothers,
+  signaled the Baker team was breaking up, or that the Treasury
+  Secretary himself might leave soon.
+      "It really does not mean that, he took the opportunity as it
+  came up," one official said.
+      Another commented, "Baker will miss him, but he's not going
+  to stand in his way."
+      There has been widespread speculation since last autumn
+  that Darman sought a Wall Street job.
+      Officials said Darman felt the passage of tax reform late
+  last year marked an appropriate moment to bow out.
+      Baker acknowledged Darman would be sorely missed.
+      "Dick Darman has contributed mightily to the success of this
+  administration over the past six years and his departure
+  represents a substantial loss," he said.
+      U.S. Officials admitted Darman's absence would be an
+  undoubted blow to Baker, who has relied on him for policy
+  advice, both at the White House and, in Reagan's second term,
+  at the Treasury. One aide once described Darman as
+  "indispensable" to Baker.
+      Baker is widely thought to want a more stable currency
+  system and Darman is generally credited by officials of other
+  nations as Baker's leading theorist on this issue, favouring
+  target zones to limit currency fluctuations.
+      Earlier this year, monetary sources said the U.S. Treasury
+  unsuccessfully sounded out allies on a target zone system.
+      But a U.S. Official disputed the assessment that, with
+  Darman gone, Baker would abandon international initiatives.
+      Baker's work as head of Reagan's Economic Policy Council,
+  spearheading trade policy, and his skills in negotiating with
+  the Democrat-controlled Congress will go on as before.
+      Darman's strength was not as an economist, but as a
+  political strategist "and that's Baker's strength too," the
+  official said.
+      There were already indications that Baker, who throughout
+  his time in government has relied on a closely-knit circle of
+  advisers, has moved swiftly to find a successor.
+      One possibility is that Baker might turn to George Gould,
+  who holds the number three Treasury position of
+  Under-Secretary.
+      Gould, another close confidante, has known Baker for years.
+      Before joining the Treasury in November 1985, Gould was a
+  partner at the Wall Steet firm of Wertheim and Co and formerly
+  headed Donaldson, Lufkin and Jenrette Securities Corp.
+      The Darman announcement came on the eve of the semi-annual
+  meetings of the International Monetary Fund and the World Bank,
+  where many policies Darman helped shape will be debated.
+      He helped Baker devise the September, 1985 Plaza Agreement,
+  when the United States, Japan, West Germany, France and Britain
+  curbed the dollar's strength. The pact was a major turning
+  point in U.S. Policy, ending a period of disdain for economic
+  cooperation and intervention in currency markets.
+      Darman also worked on some other Baker initiatives, like
+  the Tokyo Summit agreement to intensify coordination of
+  economic policies among the leading industrial countries and
+  the recent Paris Agreement to stabilise currencies and
+  stimulate global growth.
+      These policies are collectively aimed at redressing the
+  huge gap between Japan and West Germany's trade surpluses and
+  the United State's massive trade deficit.
+      That policy goal still remains a prime objective of the
+  Reagan Administration and will not change with Darman's
+  departure.
+  
+
diff --git a/reuters/training/12810 b/reuters/training/12810
new file mode 100644
index 0000000000000000000000000000000000000000..c3d0004fda2fc39d144bf221c4f7b411e4ae29b9
--- /dev/null
+++ b/reuters/training/12810
@@ -0,0 +1,13 @@
+TOP DISCOUNT RATE AT UK BILL TENDER 9.5261 PCT
+  The top accepted rate of discount at the
+  weekly U.K. Treasury bill tender rose to 9.5261 pct  from
+  9.3456 pct last week.
+      Applications at the lowest accepted price of 97.625 stg
+   were allotted around 81 pct of the amount applied for, and
+   applications above that price were allotted in full, the Bank
+   of England said.
+      A total of 100 mln stg of Treasury bills was offered for
+  sale this week.
+      Last week, the average rate of discount was 9.3157 pct.
+  
+
diff --git a/reuters/training/12812 b/reuters/training/12812
new file mode 100644
index 0000000000000000000000000000000000000000..d9c54173a6993cd9ed694b34bba3ff4cfc75b40e
--- /dev/null
+++ b/reuters/training/12812
@@ -0,0 +1,6 @@
+U.K. MONEY MARKET DEFICIT FURTHER REVISED UPWARD
+  The Bank of England said it has revised
+  its estimate of today's shortfall to 800 mln stg from 750 mln,
+  before taking account of 170 mln stg morning assistance.
+  
+
diff --git a/reuters/training/12813 b/reuters/training/12813
new file mode 100644
index 0000000000000000000000000000000000000000..fefc8f6671f6005d34f60ec258ed87088da46c15
--- /dev/null
+++ b/reuters/training/12813
@@ -0,0 +1,11 @@
+DUTCH COCOA BEAN IMPORTS RISE IN JANUARY
+  Total Dutch imports of cocoa beans
+  rose to 17,978 tonnes in January from 13,961 in January 1986,
+  while exports fell to 1,852 tonnes from 3,111, the Central
+  Bureau of Statistics said.
+      Cocoa butter imports rose slightly to 1,699 tonnes from
+  1,507, while exports fell slightly to 6,211 from 6,293 tonnes.
+      Imports of cocoa powder fell to 316 tonnes from 469 and
+  exports to 5,944 from 6,106 tonnes.
+  
+
diff --git a/reuters/training/12814 b/reuters/training/12814
new file mode 100644
index 0000000000000000000000000000000000000000..0e6d3cf4a51d54e9976650bc5e0bdf896851d983
--- /dev/null
+++ b/reuters/training/12814
@@ -0,0 +1,11 @@
+DUTCH GREEN COFFEE IMPORTS FALL IN JANUARY
+  Dutch green coffee imports fell to
+  10,430 tonnes in January from 13,506 tonnes in January 1986,
+  and exports fell to 366 tonnes from 615, the Central Bureau of
+  Statistics said.
+      Imports of Colombian coffee were 2,169 tonnes (3,025 in
+  January 1986), Brazilian 483 (3,715), Indonesian 455 (145),
+  Guatemalan 196 (126), Cameroun 464 (560) and Ivory Coast 353
+  (839).
+  
+
diff --git a/reuters/training/12815 b/reuters/training/12815
new file mode 100644
index 0000000000000000000000000000000000000000..b0a928c9513747b2e3b3496c5cfccd356946a8c1
--- /dev/null
+++ b/reuters/training/12815
@@ -0,0 +1,67 @@
+EC MINISTERS WILL DISCUSS STRENGTHENING EMS FLOAT
+  European Community finance ministers
+  and central bankers meet in Belgium this weekend to discuss
+  strengthening Europe's joint currency float amid continuing
+  worries about turbulence on foreign exchanges.
+      Belgian Finance Minister Mark Eyskens, who will host the
+  informal talks, told Reuters the ministers and central bank
+  chiefs would discuss the situation on currency markets in the
+  light of the February agreement among leading industrialised
+  countries to stabilise exchange rates around present levels.
+      In an interview, Eyskens said he felt the Paris accord
+  between the United States, Japan, West Germany, France, Britain
+  and Canada had proved itself "more or less workable."
+      But doubts over its effectiveness and durability have been
+  growing since fears of a trade war between the United States
+  and Japan over computer microchips pushed the dollar to a
+  record low against the surging yen early this week.
+      The talks, at the Belgian resort of Knokke, are being held
+  to coordinate the EC's positions on monetary issues and Third
+  World debt ahead of the Spring meetings of the International
+  Monetary Fund and World Bank in Washington next week.
+      The EC gathering begins tonight with a dinner but the main
+  discussions will take place tomorrow.
+      Continued international currency turbulence could undermine
+  plans for reinforcing the European Monetary System, the joint
+  float holding eight EC currencies within narrow fluctuation
+  bands, which will feature high on the weekend agenda.
+      Eyskens has repeatedly said that Europe needs a period of
+  calm on world currency markets, and in particular a more stable
+  dollar, before it can set about strengthening the EMS to make
+  it more resilient against exchange rate swings.
+      The EMS has been taking a battering over the last year as
+  the falling dollar has sent funds surging into the dominant EMS
+  currency, the West German mark, forcing ministers to undertake
+  two major realignments of parities within nine months.
+      In the interview, Eyskens made clear he was hoping for a
+  wide-ranging discussion on the future of the eight-year-old EMS
+  on the basis of proposals for bolstering it drawn up by the
+  EC's Monetary Committee and the Committee of Central Bank
+  Governors.
+      The committees were asked to come up with the proposals
+  after the last reshuffle of EMS exchange rates in January.
+      Eyskens repeated calls for the European Currency Unit, the
+  fledgling EC currency at the core of the system, to take over
+  the mark's dominant role in the EMS - a proposal that has met
+  with a cool response in West Germany.
+      He said EC Commission President Jacques Delors would report
+  to the meeting on problems raised by plans to liberalise
+  capital movements fully within the 12-nation bloc by 1992, such
+  as the need for harmonising taxes and banking controls.
+      Eyskens said liberalisation of capital movements without
+  strengthening the EMS would be an element of destabilisation in
+  the Community. 
+      He said the crucial issue in the debate was whether member
+  states were willing to push further towards the EC's goal of
+  monetary integration on the basis of an EMS that included
+  management of exchange rates by some kind of common
+  institution, instead of by national central banks as at
+  present.
+      Plans for the creation of such an institution, foreseen by
+  the EMS's founding fathers, have been thwarted by the
+  reluctance of some countries, notably West Germany, to gove up
+  their sovereignty in the monetary field.
+      EMS development has also been held up by Britain's refusal
+  so far to join the system's core exchange rate mechanism.
+  
+
diff --git a/reuters/training/12817 b/reuters/training/12817
new file mode 100644
index 0000000000000000000000000000000000000000..612be9b4fd3a56d5beabf079f26dec9268d64fae
--- /dev/null
+++ b/reuters/training/12817
@@ -0,0 +1,5 @@
+CANADA MARCH FOREIGN RESERVES RISE 1.23 BILLION U.S. DLRS - OFFICIAL
+
+  CANADA MARCH FOREIGN RESERVES RISE 1.23 BILLION U.S. DLRS - OFFICIAL
+  
+
diff --git a/reuters/training/12818 b/reuters/training/12818
new file mode 100644
index 0000000000000000000000000000000000000000..6b6c1ef2c0456f226aef4949203a3258efe3555a
--- /dev/null
+++ b/reuters/training/12818
@@ -0,0 +1,44 @@
+U.S. MARCH JOBLESS RATE FELL TO 6.6 PCT
+  The U.S. civilian unemployment rate
+  fell to 6.6 pct in March from 6.7 pct in February, the Labor
+  Department said.
+      The number of non-farm payroll jobs rose 164,000 last month
+  after rising a revised 236,000 in February. That was down from
+  the previously reported 337,000 rise in February.
+      The March unemployment rate was the lowest since March,
+  1980. It had remained unchanged at 6.7 pct for three straight
+  months before the March decline.
+      The rise in non-farm payrolls was the smallest since a
+  decline last June of 75,000, the department said.
+      Last month's unemployment rate was down from the 7.2 pct
+  level in March, 1986.
+      Growth in jobs continued in March but was slower than in
+  recent months, with the gains concentrated in service
+  industries.
+      The number of goods-producing jobs fell 68,000 in March,
+  while service-producing jobs rose 232,000 to bring the total
+  jobs in the department's survey of businesses to 102.03 mln in
+  March.
+      Business and health services showed the largest gains in
+  jobs, while manufacturing employment fell by 25,000.
+      The average work week fell to 34.8 hours in March from 35.0
+  hours in February, the department said.
+      Manufacturing hours fell to 40.9 per week from 41.2 hours
+  in February, but overtime hours increased to 3.7 from 3.6.
+      The department's survey of households showed the number of
+  unemployed stood at 7.85 mln out of a work force of 119.2 mln.
+      The number of persons working part time for economic
+  reasons fell in March to 5.46 mln from 5.78 mln in February.
+      The loss of factory jobs brought the March total to 19.19
+  mln jobs and was concentrated in automobile, electrical and
+  electronic manufacturing.
+      Construction employment also lowered the number of jobs in
+  the goods-producing sector, falling by 45,000 after seasonal
+  adjustment, the department said.
+      Mining employment was little changed in March and has not
+  experienced any substantial erosion since the rapid job losses
+  in oil and gas drilling in the first two-thirds of 1986.
+      Other service industries that increased jobs last month
+  were finance, insurance, and real estate.
+  
+
diff --git a/reuters/training/12819 b/reuters/training/12819
new file mode 100644
index 0000000000000000000000000000000000000000..2806b5bd4631c801fff43edf6b157b0fa58f93fa
--- /dev/null
+++ b/reuters/training/12819
@@ -0,0 +1,11 @@
+U.K. MONEY MARKET GETS 347 MLN STG AFTERNOON HELP
+  The Bank of England said it has operated
+  in the money market this afternoon, buying back bills totalling
+  347 mln stg. This brings the total help so far today to 517 mln
+  stg and compares with the Bank's revised estimate of an 800 mln
+  stg shortfall.
+      The central bank purchased in band one 20 mln stg at 9-7/8
+  pct, in band two 254 mln at 9-13/16 pct, in band three 66 mln
+  at 9-3/4 pct and in band four seven mln stg at 9-11/16 pct.
+  
+
diff --git a/reuters/training/12822 b/reuters/training/12822
new file mode 100644
index 0000000000000000000000000000000000000000..359e56131d6b8b3c5edaf3e9090f13d042ff96aa
--- /dev/null
+++ b/reuters/training/12822
@@ -0,0 +1,14 @@
+ALTEX <AII> SETS ACQUISITION OF COMPUTER FIRMS
+  Altex Industries Inc said it has agreed
+  in principle to buy 82 pct of two privately-held affiliated
+  computer retail companies for an undisclosed amount.
+      Altex said the Denver-based companies had revenues of over
+  seven mln dlrs last year. They are Integrated Management Data
+  Systems Inc, which sells accounting software systems to the oil
+  and gas industry, and Integrated Management Systems Micro
+  Distribution Division Inc, which distributes micro-computer
+  products.
+      Altex said it expects to close the transaction, which is
+  subject to financing, in July.
+  
+
diff --git a/reuters/training/12823 b/reuters/training/12823
new file mode 100644
index 0000000000000000000000000000000000000000..0f4c9cd7f51bd6733de4ecf3b2094322ea996871
--- /dev/null
+++ b/reuters/training/12823
@@ -0,0 +1,14 @@
+AUSTRALIA TUG CREWS BAR FOREIGN CONTAINER SHIPS
+  Tug crews are preventing the movement of
+  foreign-flag container vessels in and out of the ports of
+  Sydney, Melbourne and Fremantle, shipping sources said.
+      They said maritime unions imposed bans on late Wednesday
+  for reasons that are obscure but seem to be linked with claims
+  for a pay rise above the 10 dlrs a week awarded by the
+  Arbitration Commission nationally to all workers recently.
+      Only about 10 vessels are being delayed but the bans will
+  affect container terminal movements and will disrupt liner
+  schedules, they said.
+      The dispute goes to the Commission on Monday, they said.
+  
+
diff --git a/reuters/training/12824 b/reuters/training/12824
new file mode 100644
index 0000000000000000000000000000000000000000..0cf29f9115408283ec4a4f3602937a389bd3249d
--- /dev/null
+++ b/reuters/training/12824
@@ -0,0 +1,11 @@
+STANLINE INC <STAN> REGULAR DIVIDEND
+  Qtly div eight cts vs eight cts in prior qtr
+      Payable April 30
+      Record April 15
+      Company said its board intends to declare cash dividends
+  quarterly and plans to pay a five pct stock dividend annually
+  following the close of each fiscal year. The initial five pct
+  stock dividend was paid December 22 to holders of record
+  November 30.
+  
+
diff --git a/reuters/training/12827 b/reuters/training/12827
new file mode 100644
index 0000000000000000000000000000000000000000..9b663d354f8ceb98ba92289fe8ab027dc4fe2fa1
--- /dev/null
+++ b/reuters/training/12827
@@ -0,0 +1,76 @@
+TALKING POINT/SANTA FE SOUTHERN <SFX>
+  Santa Fe Southern Pacific Corp may have
+  more difficulty combining its two railroads than fending off a
+  possible takeover by Henley Group <HENG>, which has accumulated
+  almost a five pct stake in the real estate and railroad
+  conglomerate, analysts said.
+      Takeover speculation has surrounded Santa Fe since Henley
+  disclosed its stake in the company earlier this week, but
+  analysts and a Santa Fe official were skeptical a takeover is
+  its intention.
+      Analysts also said the company has strong defenses that
+  would easily deter any suitor - one of those being its problems
+  combining its two railroad properties, which hang in regulatory
+  limbo.
+      Richard Fischer of Merrill Lynch and Co Inc said that Santa
+  Fe at December 31 had 580 mln dlrs in cash and cash
+  equivalents, while its long-term debt to capital was just over
+  25 pct. "This gives them plenty of borrowing power," he said,
+  which could be used against an unwanted suitor.
+      Henley Group's Chairman Michael Dingman has said he wants
+  to take major positions in undervalued natural resource
+  companies. He also told Reuters in an interview he is seeking
+  an acquisition of from two billion to eight billion dlrs.
+      Santa Fe officials don't appear concerned that Henley might
+  launch a takeover. "I would not characterize the atmosphere
+  around here as one of concern," one Santa Fe executive said
+  about Henley.
+      "I think it's wrong to assume Dingman has formed a firm
+  strategy with Santa Fe," said Mark Hassenberg, who covers
+  Henley for DLJ Securities.
+      Analysts say the potential of Santa Fe's land assets are
+  likely to be realized slowly. They add that Santa Fe's efforts
+  to merge its two railroads remain in regulatory limbo,
+  sidetracking many of its strategic plans for the foreseeable
+  future.
+      These realities, they said, support the Henley Group's
+  statement that its Santa Fe stake is only an investment.
+      The more pressing problem facing Santa Fe is overcoming
+  difficulties in merging its two railroads, the Atchison, Topeka
+  and Santa Fe Railway Co and Southern Pacific Transportation Co.
+  The merger would create the nation's second-longest railroad.
+      Last July the Interstate Commerce Commission (ICC) denied
+  the merger on anticompetitive grounds.
+      The company since has granted trackage-sharing rights to
+  four western railroads to meet the ICC's concerns and persuade
+  it to reopen the hearings in its three-year-old struggle to
+  merge the lines.
+      "My guess is the commission will decide in three to six
+  weeks whether to reopen hearings," Fischer said.
+      "I believe they've made an effort to satisfy the ICC's
+  objections," he said. "But in doing so they haven't pleased
+  everyone. Before they had Burlington Northern on their side,
+  now Burlington is opposed to the way trackage rights are set
+  up."
+      If the hearings are reopened, analysts predicted it will
+  take six to nine months for everyone to have their say, and up
+  to another year for the ICC to decide.
+      Santa Fe is in the midst of a 50-mln-share stock buyback
+  program begun in 1984. It has bought back 33.7 mln shares as of
+  February 1, when it had 154.7 mln shares outstanding, a
+  spokesman said.
+      Among the shares repurchased were two stakes owned by
+  Norfolk Southern, one of 3.4 mln shares bought in 1986 and
+  another of 1.7 mln shares in 1985, one analyst said.
+      James Voytko at Paine Webber believes Santa Fe could fight
+  off the Henley Group with its cash and credit. Citing the share
+  buybacks from Norfolk Southern, he said one of Santa Fe's
+  options, if threatened, could be to buy the Henley stake.
+      "It is indeed possible that Dingman sees this as a
+  low-risk, opportunistic investment," Voytko said.
+      "People who follow Santa Fe have given me values of 45 dlrs
+  to 50 dlrs a share," said DLJ Securities' Hassenberg. "But I'm
+  certain that in Dingman's mind, the company is worth more than
+  that in breakup value."
+  
+
diff --git a/reuters/training/12829 b/reuters/training/12829
new file mode 100644
index 0000000000000000000000000000000000000000..093221e6a10c833080f7fa5df0b56fcbbe40b6f8
--- /dev/null
+++ b/reuters/training/12829
@@ -0,0 +1,21 @@
+CANADIAN FOREIGN RESERVES SURGE IN MONTH
+  Canadian foreign reserve holdings rose
+  1.23 billion U.S. dlrs in March to 7.77 billion dlrs, the
+  Finance Department said.
+      The department said the change from February included a
+  decrease of 258.1 mln dlrs from the repayment, at maturity, of
+  a 1982 Swiss Franc 400 mln issue.
+      Also included was also a 112.8 mln dlr decline from a net
+  redemption of Canada bills. The par value of bills outstanding
+  was 800.7 mln dlrs at March 31.
+      This month's reserves were 4.49 billion dlrs above March,
+  1986's total of 3.28 billion dlrs.
+      Reserve holdings in U.S. dlrs at end of March versus end of
+  February were as follows.
+      - U.S. dlrs 5.98 billion vs 4.47 billion,
+      - other foreign currencies 37.1 mln vs 319.9 mln,
+      - gold 874.0 mln vs 864.1 mln
+      - special drawing rights 191.8 mln vs 188.6 mln,
+      - IMF Reserves 689.7 mln vs 705.7 mln.
+  
+
diff --git a/reuters/training/1283 b/reuters/training/1283
new file mode 100644
index 0000000000000000000000000000000000000000..faf6feec5513c85abbda2b58d325a908d5953dfb
--- /dev/null
+++ b/reuters/training/1283
@@ -0,0 +1,14 @@
+CONTINENTAL GENERAL INSURANCE <CGIC> 4TH QTR NET
+  Shr 20 cts vs 21 cts
+      Net 783,564 vs 806,278
+      Year
+      Shr 89 cts vs 86 cts
+      Net 3,443,392 vs 3,242,588
+      Note:Full company name is Continental General Insurance Co
+      Net includes profit from sale of securities of 155,410
+  dlrs, or four cts a share, and 192,896 dlrs, or five cts a
+  share, respectively, in 1986 qtr and year, and of 12,879 dlrs,
+  or nil per share, in 1985 qtr. Net for 1985 year includes loss
+  from sale of securities of 315,763 dlrs, or eight cts a share.
+  
+
diff --git a/reuters/training/12830 b/reuters/training/12830
new file mode 100644
index 0000000000000000000000000000000000000000..63f215f6b24ffd242b546a7afbf584cd499d9989
--- /dev/null
+++ b/reuters/training/12830
@@ -0,0 +1,30 @@
+JAPAN STUDY URGES FOREIGN ACCESS TO FARM MARKETS
+  Japan should increase foreign access to
+  its farm products market, while encouraging further development
+  of domestic agriculture, a government report said.
+      The white paper on agriculture for the year ended March 31
+  said active participation in writing world farm trade rules at
+  the next round of General Agreement on Tariffs and Trade (GATT)
+  talks will help prepare Japan to improve access.
+      Agriculture Ministry sources said the paper marked an
+  easing in Japan's tough position on agricultural imports which
+  stressed the need for strict controls on some products to
+  maintain self-sufficiency in food.
+      Japan now produces only 30 pct of its annual grain needs,
+  down from 61 pct some 20 years ago, official figures show.
+      The paper said Japanese agriculture has been slow to
+  improve productivity and demand/supply imbalances.
+      The relative shortage of farmland in Japan is mainly
+  responsible for higher domestic prices, it said.
+      The strong yen has meant lower input material prices but
+  has also resulted in higher agricultural imports which has
+  worsened working conditions among part-time farmers, the paper
+  said.
+      This could make it difficult to improve the industry's
+  structure, the paper said.
+      To solve these problems and to reduce farm product prices
+  to more reasonable levels, Japan should try to restructure the
+  the agricultural sector to improve productivity and make it
+  self-supporting, it said.
+  
+
diff --git a/reuters/training/12831 b/reuters/training/12831
new file mode 100644
index 0000000000000000000000000000000000000000..94ea8aaaa037d8c984ad8e411e2a020492cc0618
--- /dev/null
+++ b/reuters/training/12831
@@ -0,0 +1,9 @@
+HILTON <HLT> 1ST QTR EARNINGS UP ABOUT 37 PCT
+  Hilton Hotels Corp said
+  its first quarter net income rose 37 pct, paced by strength in
+  both hotels and gaming.
+      Based on preliminary results, the company said, net income
+  rose to about 24 mln dlrs, or 96 cts a share, from 17.4 mln
+  dlrs, or 70 cts a share, in 1986's initial three months.
+  
+
diff --git a/reuters/training/12834 b/reuters/training/12834
new file mode 100644
index 0000000000000000000000000000000000000000..ef9988af5aa59b258d94070d62a251aa56f29ec6
--- /dev/null
+++ b/reuters/training/12834
@@ -0,0 +1,10 @@
+PIONEER SUGAR SAYS CSR TAKEOVER OFFER TOO LOW
+  <Pioneer Sugar Mills Ltd> said it
+  considered the proposed 2.20 dlrs a share cash takeover offer
+  announced by CSR Ltd <CSRA.S> on March 31 to be too low in view
+  of the group*hK!UiIe and prospects.
+      Pioneer recommended in a statement that shareholders retain
+  their stock, pending the board's response once it receives full
+  details of the CSR offer.
+  
+
diff --git a/reuters/training/12836 b/reuters/training/12836
new file mode 100644
index 0000000000000000000000000000000000000000..b663b2a5202b09e889a4997fa99c70c32cdace06
--- /dev/null
+++ b/reuters/training/12836
@@ -0,0 +1,13 @@
+SURALCO OFFERS CASH FOR WORKERS TO LEAVE
+  The U.S.-owned <Surinam Aluminum
+  Company> (SURALCO) offered workers a lump sum and up to five
+  months' wages to quit the firm because jungle-based rebels have
+  disrupted bauxite mining and alumina smelting, ANP said.
+      The Dutch news agency said SURALCO, a subsidiary of the
+  Aluminum Company of America(ALCOA) wanted to reduce its work
+  force because it had been hard hit by guerrilla attacks that
+  cut power lines to the area in January.
+      All bauxite mining at Moengo ceased four months ago and
+  SURALCO's Paranam alumina smelter is using imported bauxite.
+  
+
diff --git a/reuters/training/12839 b/reuters/training/12839
new file mode 100644
index 0000000000000000000000000000000000000000..2a979dbcca4c142cf6289f1b55562e604072582e
--- /dev/null
+++ b/reuters/training/12839
@@ -0,0 +1,5 @@
+GENERAL PARTNERS WILLING TO PAY 110 DLRS/SHARE FOR GENCORP
+
+  GENERAL PARTNERS WILLING TO PAY 110 DLRS/SHARE FOR GENCORP
+  
+
diff --git a/reuters/training/1284 b/reuters/training/1284
new file mode 100644
index 0000000000000000000000000000000000000000..420f428fae97e44b9539c1eb48c2a81b6d6d01a1
--- /dev/null
+++ b/reuters/training/1284
@@ -0,0 +1,12 @@
+MARGAUX CONTROLS INC <MARGX> 3RD QTR LOSS
+  Shr loss 1.60 dlrs vs loss 45 cts
+      Net loss 9,883,000 vs loss 2,744,000
+      Revs 1,309,000 vs 3,289,000
+      Nine mths
+      Shr loss 2.29 dlrs vs loss 98 cts
+      Net loss 14.1 mln vs loss 6,008,000
+      Revs 4,577,000 vs 11.9 mln
+      NOTE: Current periods include loss of 7.5 mln dlrs from
+  discontinued operations.
+  
+
diff --git a/reuters/training/12840 b/reuters/training/12840
new file mode 100644
index 0000000000000000000000000000000000000000..75be1db343e46f395a1f84636711ebb1b436ddc2
--- /dev/null
+++ b/reuters/training/12840
@@ -0,0 +1,7 @@
+U.K. MONEY MARKET RECEIVES 205 MLN STG LATE HELP
+  The Bank of England said it has provided
+  around 205 mln stg late assistance to the market, bringing the
+  total help today to 722 mln which compares with the Bank's
+  revised deficit forecast of 800 mln stg.
+  
+
diff --git a/reuters/training/12841 b/reuters/training/12841
new file mode 100644
index 0000000000000000000000000000000000000000..c7e1036fe4ddc89fdf09a70d7e062ffb76563ce7
--- /dev/null
+++ b/reuters/training/12841
@@ -0,0 +1,17 @@
+BELGIAN MONEY SUPPLY RISES IN FOURTH QUARTER 1986
+  Belgian total money stock rose to
+  1,140.4 billion francs at the end of 1986 from 1,115.4 billion
+  at the end of the third quarter of last year and 1,055.0
+  billion at the end of 1985, Belgian National Bank figures
+  showed.
+      Paper money rose to 404.1 billion francs from 394.1 billion
+  and 383.5 billion respectively, other forms of privately held
+  money to 679.5 billion from 652.7 billion and 616.0 billion.
+      Money held by the public authorities fell to 56.8 billion
+  francs from 68.6 billion at the end of the previous quarter but
+  was above the 55.5 billion at the end of 1985, the bank said.
+      The government does not set money supply targets, arguing
+  they are inappropriate to a small economy with major trading
+  and monetary links with much larger trading countries.
+  
+
diff --git a/reuters/training/12842 b/reuters/training/12842
new file mode 100644
index 0000000000000000000000000000000000000000..c5412fea337b193f6e4107dcdedca67a11d09a69
--- /dev/null
+++ b/reuters/training/12842
@@ -0,0 +1,31 @@
+STOLTENBERG SAYS PARIS ACCORD POLICY TO CONTINUE
+  West German Finance Minister Gerhard
+  Stoltenberg said the currency agreement reached in Paris in
+  February had been successful and would be continued.
+      Stoltenberg told journalists before he attends next week's
+  International Monetary Fund meeting in Washington that: "The ...
+  Strategy to stabilise currencies around current levels has
+  proven its worth and will also determine future developments."
+      Stoltenberg declined to comment specifically on what he
+  would consider to be an undervalued dollar but said a dollar
+  around 1.80 marks created problems for West Germany's exports.
+      He said studies by international organisations had made it
+  clear that especially in the U.S. And in Japan major efforts
+  remained necessary to support adjustments in foreign trade
+  balances via necessary corrections to economic policy.
+      "No-one would benefit if, after years of over-valuation, the
+  U.S. Dollar fell into the other extreme, that is, strong
+  under-valuation," he said.
+      Stoltenberg said West Germany had a keen interest in a
+  swift agreement between the U.S. And Japan concerning the
+  current trade dispute over semi-conductors.
+      Asked whether he believed the markets would test the Paris
+  currency accord, Stoltenberg did not comment specifically but
+  noted that much of what had been discussed in Paris had not
+  been published.
+      The Paris declaration did not state the levels at which
+  central banks of the major industrialised countries would
+  intervene. Stoltenberg said that everything had been carefully
+  considered. He said he had nothing further to add.
+  
+
diff --git a/reuters/training/12843 b/reuters/training/12843
new file mode 100644
index 0000000000000000000000000000000000000000..011dbec4abae7691664fea7425a4bdc66850832e
--- /dev/null
+++ b/reuters/training/12843
@@ -0,0 +1,10 @@
+BRAZILIAN COFFEE RAINFALL
+  THE FOLLOWING RAINFALL WAS RECORDDD IN
+  THE AREAS OVER THE PAST 24 HOURS
+       PARANA STATE UMUARAMA 10.6 MILLIMETRES, PARANAVAI 12.2 MM,
+  LONDRINA 6.0 MM, MARINGA 8.0 MM.
+      SAO PAULO STATE: PRESIDENZE PRUDENTE 1.0 MM, VOTUPORANGA
+  26.0 MM, FRANCA NIL, CATANDUVA 0.1 MM, SAO CARLOS NIL, SAO
+  SIMAO NIL. REUTER
+  
+
diff --git a/reuters/training/12846 b/reuters/training/12846
new file mode 100644
index 0000000000000000000000000000000000000000..521e2032036e9e0c977a1e57781a816b44116154
--- /dev/null
+++ b/reuters/training/12846
@@ -0,0 +1,13 @@
+AVERAGE DISCOUNT RATE AT UK BILL TENDER 9.5195 PCT
+  The average rate of discount at today's
+  U.K. Treasury bill tender rose to 9.5195 pct from 9.3157 pct
+  last week, the Bank of England said.
+      This week's 100 mln stg offer of 91-day bills met
+  applications of 327 mln stg, the bank said.
+      Applications for bills dated Monday to Friday at the top
+  accepted rate of discount of 9.5261 pct were allotted about 81
+  pct.
+      Next week 100 mln stg of Treasury bills will be offered,
+  replacing 100 mln stg of maturities.
+  
+
diff --git a/reuters/training/12848 b/reuters/training/12848
new file mode 100644
index 0000000000000000000000000000000000000000..a7e2c1bfe41c8d19ab47b90a81c965eefd98c0d6
--- /dev/null
+++ b/reuters/training/12848
@@ -0,0 +1,91 @@
+IMF, WORLD BANK TO MEET AMID NEW INFLATION FEARS
+  Amid new concerns about inflation,
+  interest rate increases and trade confrontations,
+  finance ministers and central bankers meet next week to discuss
+  a deteriorating global debt and economic situation.
+      The meetings, under the auspices of the International
+  Monetary Fund and World Bank, come as interest rates are
+  turning higher and the already-weak dollar has sunk further,
+  upsetting bond and stock markets.
+      Uncertainty is growing about the vitality of the global
+  economy and whether the heavily-indebted countries can continue
+  to carry the burden of their growing debt without vast new
+  assistance.
+      Monetary and diplomatic sources said there are no signs
+  any new debt initiative of the sort that Treasury Secretary
+  James Baker unveiled 18 months ago in Seoul is in the works.
+      The strategy has drawn a serious challenge from Brazil,
+  which suspended interest payments on 67 billion dlrs of
+  commercial bank debt last month. The Banks have responded by
+  laying the groundwork for writing down Brazilian loans.
+      Separately, French Prime Minister Jacques Chirac, in a
+  visit earlier this week with President Reagan, sounded out the
+  administration on a plan to funnel worldwide grain surpluses to
+  the very poorest states.
+      The French plan is certain to be discussed by the ministers
+  in detail during next week's meetings and will undoubtedly be
+  embraced by the developing countries.
+      "There's interest on the part of some countries for looking
+  at the support of the special problems of the very poorest
+  countries, because their position is so extreme," a Reagan
+  administration official said.
+      He suggested Washington was open to disussing the issue.
+      The meetings will also assess the success of the Baker debt
+  initiative, which called for new funding to help debtor
+  countries grow out of their problems.
+      The largest industrial countries have been attempting to
+  coordinate economic policy in the hope of controlling the
+  decline of the dollar, U.S. trade and budget deficits and other
+  problems.
+      At the same time, the industrial countries see little
+  evidence of a strengthening of economic activity and the Fund
+  forecasts they will grow 2.5 pct.
+      The United States sees 3.2 pct growth for itself, 
+  continuing its expansion for a fifth year, and has asked other
+  industrial countries to stimulate their economies.
+      These issues directly affect the debt problem and the
+  ability of the debtor countries to grow out of their
+  difficulties.
+      In recent years, U.S. markets have absorbed the exports of
+  developing country, allowing them to earn critical foreign
+  exchange. But the United States wants to cut its trade deficit,
+  running at a record 169.8 billion dlrs, and is pressing others
+  to import more from developing countries.
+      The discussions, from April six to 10, will be
+  wide-ranging, touching everything from interest rates to the
+  impact of development loans on the environment, according to
+  monetary sources.
+      The talks will include an examination of trade
+  protectionist pressures in the wake of a decision by the Reagan
+  administration to place some 300 mln dlrs in tariffs on
+  microchip products from Japan, the sources said.
+      The move accelerated the dollar's decline as financial
+  markets grew alarmed that trade war was in the offing.
+      There is concern that the action, prompted by U.S. charges
+  that Japan has been selling computer chip products below fair
+  market value and has kept its own market closed to imports,
+  further undermining the international trading system.
+      At the same time, the ministers will discuss the
+  fundamental price weakness in basic commodities, the export
+  mainstay of many developing countries.
+      The so-called Group of Five industrial countries -- the
+  United States, Japan, West Germany, France and Britain -- will
+  gather for the first time since their February talks in Paris,
+  where they agreed to keep the dollar from sliding further.
+      The Five will be joined later by Italy and Canada for
+  further debate on economic policy coordination.
+      As part of the Paris accord, surplus countries such as
+  Japan agreed to stimulate their economies, while America
+  said it would reduce its federal budget deficit.
+      Other major issues of the meetings include a U.S. bid to to
+  have a larger say in approving loans of the Inter-American
+  Development Bank, strengthening the link between loans and
+  economic policy changes in debtor nations.
+      Washington is also pressing the World Bank to take more
+  account of the environment when making loan for dams and other
+  projects.
+      The new head of the Bank, Barber Conable, has said this
+  issue is being reviewed and will be part of a reorganization
+  plan for the Bank, now being prepared.
+  
+
diff --git a/reuters/training/12849 b/reuters/training/12849
new file mode 100644
index 0000000000000000000000000000000000000000..4c6ff93a82024f7a87923dc5fdee34563671979f
--- /dev/null
+++ b/reuters/training/12849
@@ -0,0 +1,41 @@
+LONDON FREIGHT MARKET FEATURES USSR TIMECHARTERS
+  Active timecharter fixing by Soviet
+  operators to cover USSR grain imports featured the freight
+  market, ship brokers said.
+      At least two fixtures were reported on Soviet account to
+  lift EC grain, with a 22,000 tonner booked from Tilbury for a
+  voyage via lower Baltic Sea and redelivery passing Skaw at
+  4,000 dlrs daily and a 27,000 tonner from Ceuta for a voyage
+  via the U.K. And redelivery Skaw-Cape Passero at 4,500 dlrs
+  daily.
+      The Soviets also secured a 34,000 tonner from Gibraltar for
+  a trans-Atlantic round trip at 4,500 dlrs daily and a 61,000
+  tonner for similar business at 6,750 dlrs daily.
+      Brokers said several other fixtures were also thought to be
+  connected with Soviet grain, including a 69,000 tonner from
+  Taranto for five to seven months at 6,500 dlrs daily. Similar
+  fixing was reported yesterday at 6,000 dlrs.
+      Other timecharter fixing included a 14,000 tonner from
+  Indonesia to the U.S. Gulf at 2,800 dlrs daily and a combined
+  carrier of 75,000 tonnes dw from the U.S. Gulf to Italy at
+  9,000 dlrs daily.
+      Severel vessels were booked from Antwerp-Hamburg range,
+  including a 61,000 tonner bound for Singapore-Japan at 7,500
+  dlrs daily and a 16,000 tonner destined for west coast India at
+  5,000 dlrs.
+      Grain fixing was much quieter out of the U.S. Gulf, with no
+  fresh business seen on the significant routes to the Continent
+  or Japan, although tonnage was secured for at least five small
+  corn cargoes from the Gulf to Jamaica at between 21 and 25
+  dlrs. Wheat from the River Plate and Buenos Aires to Sri Lanka
+  received 26 dlrs.
+      Market talk suggested 11 dlrs had been paid for grain from
+  the U.S. North Pacific to Japan but no confirmation was
+  available.
+      Fairly active grain fixing emerged out of the Continent,
+  however, with maize covered from Nantes to Egypt at 15 dlrs,
+  and bagged flour from Greece to China at 27 dlrs.
+      Barley cargoes were arranged from Immingham to the Red Sea
+  at 17.25 dlrs and from Foynes to Jeddah at 17.25 dlrs.
+  
+
diff --git a/reuters/training/1285 b/reuters/training/1285
new file mode 100644
index 0000000000000000000000000000000000000000..1d6ad7e2e690bf10673f3d88a0a93c88ac2ef334
--- /dev/null
+++ b/reuters/training/1285
@@ -0,0 +1,19 @@
+MERCHANTS GROUP INC <MRCH> 4TH QTR OPER NET
+  Oper shr profit 21 cts vs loss 2.13 dlrs
+      Oper net profit 456,000 vs loss 2,454,000
+      Revs 16.3 mln vs 13.1 mln
+      Year
+      Oper shr 1.39 dlrs vs loss 2.41 dlrs
+      Oper net profit 1,815,000 vs loss 2,779,000
+      Revs 58.0 mln vs 43.8 mln
+      NOTE: 1986 4th qtr and yr oper net exclude realized
+  investment gains of 279,000 dlrs and 1,013,000 dlrs,
+  respectively, which includes provision for income taxes of
+  238,000 dlrs and 863,000 dlrs for the periods, respectively.
+      1986 4th qtr and yr oper net exclude 606,000 dlrs or 38 cts
+  per share and 2,323,000 dlrs or 1.86 dlrs per share, for net
+  operating loss carryovers.
+      1985 4th qtr and yr oper net exclude realized investment
+  gains of 439,000 dlrs and 666,000 dlrs respectively.
+  
+
diff --git a/reuters/training/12851 b/reuters/training/12851
new file mode 100644
index 0000000000000000000000000000000000000000..2dc2a95da9964c769276cbe2868532c281edc4a4
--- /dev/null
+++ b/reuters/training/12851
@@ -0,0 +1,13 @@
+NERCO <NER> TO ACQUIRE INTEREST IN GAS FILED
+  Nerco Inc said it has agreed to
+  acquire a 47 pct working interest in the Broussard Gas Field in
+  southern Louisiana from privately-owned <Davis Oil Co> for
+  about 22.5 mln dlrs in cash.
+      Nerco said the interest being purchased will give it
+  estimated proven oil and gas reserves equal to six billion
+  cubic feet of natural gas. The property includes six gas wells,
+  one oil well two undeveloped drilling locations, a central
+  production facility and a gas gathering system.
+      Nerco is 90 pct owned by PacifiCorp <PPW>.
+  
+
diff --git a/reuters/training/12852 b/reuters/training/12852
new file mode 100644
index 0000000000000000000000000000000000000000..97b5aa61e8a322db60746779a3d1f2aa95ad23bb
--- /dev/null
+++ b/reuters/training/12852
@@ -0,0 +1,8 @@
+CANRAD <CNRD> ACQUIRES MEASUREMENT SYSTEMS
+  Canrad Inc said it acquired the
+  Measurement Systems Division of <Page-Wilson Corp> for an
+  undisclosed amount of cash.
+      Canrad said the acquisition is expected to increase its
+  annual revenues by about 10 mln dlrs.
+  
+
diff --git a/reuters/training/12853 b/reuters/training/12853
new file mode 100644
index 0000000000000000000000000000000000000000..88e705339eb269a2074a274370d3dc2b762aa00f
--- /dev/null
+++ b/reuters/training/12853
@@ -0,0 +1,8 @@
+PANTERA'S  <PANT> ACQUIRES 10 RESTAURANTS
+  Pantera's Corp said it closed on its
+  agreement to acquire ten pizza restaurant locations in
+  southeastern Colorado.
+      It said the purchase price was 1,250,000 dlrs, which was
+  paid by cash and stock.
+  
+
diff --git a/reuters/training/12857 b/reuters/training/12857
new file mode 100644
index 0000000000000000000000000000000000000000..1b6b6f7672d3d6af92647b340f6d251183a5f7f4
--- /dev/null
+++ b/reuters/training/12857
@@ -0,0 +1,22 @@
+NORANDA SAYS FIRE CAUSED 10 MLN DLRS IN DAMAGE
+  <Noranda Inc> said a copper
+  mine fire that killed one miner and trapped 44 others for
+  nearly a day caused an estimated 10 mln Canadian dlrs in
+  damage.
+      The fire, which started Wednesday and burned for more than
+  24 hours, destroyed the mine's three-year-old conveyor system,
+  officials said.
+      Michel Lefebvre, vice president of operations, said Noranda
+  will operate the mine at about one third of its normal 72,000
+  short ton annual finished capacity, using above ground
+  reserves, until it decides whether to keep the mine open.
+      "The events we sustained yesterday and the day before are a
+  very serious setback for Gaspe Mines operations," Lefebvre said.
+  Gaspe Mines is the name of the Noranda division that operates
+  the Murdochville mine.
+      He said it would take four or five months to bring
+  operations up to full capacity if the company decides to do so,
+  adding that he believes there is a good chance Noranda will
+  fully reopen the mine.
+  
+
diff --git a/reuters/training/12858 b/reuters/training/12858
new file mode 100644
index 0000000000000000000000000000000000000000..d473bff8c4b6c522bb70959f79c95ff810fa122f
--- /dev/null
+++ b/reuters/training/12858
@@ -0,0 +1,20 @@
+GENERAL PARTNERS TO RAISE BID FOR GENCORP <GY>
+  <General Partners> said it was
+  prepared to raise its bid for GenCorp Inc to 110 dlrs cash per
+  share from 100 dlrs per share.
+      In a letter from General Partners to A. William Reynolds,
+  chairman and chief executive officer of GenCorp, the company
+  stated that if GenCorp could prove the company was worth more,
+  General Partners would be willing to consider an even higher
+  price.
+      General Partners also left open the possibility of an
+  alternative to an all-cash offer.
+      General Partners told GenCorp if it believed shareholders
+  would be better served by a smaller cash price with a security
+  representing a continuing long-term interest in GenCorp's
+  prospects, it would be willing to discuss an alternative.
+      Specifically, General Partners said it was prepared to
+  discuss an acquisition giving shareholders a continuing
+  interest in Aerojet General, a valued business of GenCorp.
+  
+
diff --git a/reuters/training/12860 b/reuters/training/12860
new file mode 100644
index 0000000000000000000000000000000000000000..0610a6340589d704437f88e7759d183c65c794b3
--- /dev/null
+++ b/reuters/training/12860
@@ -0,0 +1,9 @@
+MANGOOD CORP <MAB> YEAR OPER LOSS
+  Oper shr loss 6.07 vs loss 7.64 dlrs
+      Oper net loss 6,235,000 vs loss 4,801,000
+      Sales 70.1 mln vs 60.6 mln
+      Avg shrs 1,028,000 vs 629,000
+      NOTE: 1986 earnings exclude a gain on restructuring of
+  3,143,000 dlrs, or 3.01 dlrs a share
+  
+
diff --git a/reuters/training/12861 b/reuters/training/12861
new file mode 100644
index 0000000000000000000000000000000000000000..8755aa350095e3e6cd6fc23e34ff7b018cfc3bb2
--- /dev/null
+++ b/reuters/training/12861
@@ -0,0 +1,22 @@
+NORANDA COPPER MINE FIRE CAUSED HEAVY DAMAGE
+  <Noranda Inc> said a copper
+  mine fire that killed one miner and trapped 44 others for
+  nearly a day caused an estimated 10 mln Canadian dlrs in
+  damage.
+      The fire, which started Wednesday and burned for more than
+  24 hours, destroyed the mine's three-year-old conveyor system,
+  officials said.
+      Michel Lefebvre, vice president of operations, said Noranda
+  will operate the mine at about one-third of its normal 72,000
+  metric ton annual finished capacity, using above ground
+  reserves, until it decides whether to keep the mine open.
+      "The events we sustained yesterday and the day before are a
+  very serious setback for Gaspe Mines operations," Lefebvre said.
+  Gaspe Mines is the name of the Noranda division that operates
+  the Murdochville mine.
+      He said it would take four or five months to bring
+  operations up to full capacity if the company decides to do so,
+  adding that he believes there is a good chance Noranda will
+  fully reopen the mine.
+  
+
diff --git a/reuters/training/12862 b/reuters/training/12862
new file mode 100644
index 0000000000000000000000000000000000000000..84f280aa2e16a9afb4cbe9afbb343ed41d19371a
--- /dev/null
+++ b/reuters/training/12862
@@ -0,0 +1,9 @@
+<AMERICAN WEST BANK> FIRST QTR NET
+  Net 90,501 vs 56,960
+      Assets 42.0 mln vs 34.9 mln
+      Deposits 35.9 mln
+      Loans 27.6 mln vs 23.9 mln
+      NOTE: earnings per share and 1985 deposits figure  not
+  supplied by company.
+  
+
diff --git a/reuters/training/12866 b/reuters/training/12866
new file mode 100644
index 0000000000000000000000000000000000000000..987dec4bb945e8fb6419a2245079beea403332b3
--- /dev/null
+++ b/reuters/training/12866
@@ -0,0 +1,13 @@
+R.R. DONNELLY <DNY> TO SELL CABLE SYSTEM
+  R.R. Donnelly and Sons Co said it
+  reached an agreement with Adams-Russell Co Inc <AAR> to sell
+  Adams its Rockford, Ill., cable system for an undisclosed
+  price.
+      R.R. Donnelly said it expects the deal to close in about
+  120 days, subject to regulatory approvals and other conditions.
+      The cable system serves about 51,000 subscribers in the
+  communities of Rockford, Loves Park, Machesney Park, Cherry
+  Valley, Morristown and Winnebago County, Ill., R.R. Donnelly
+  said.
+  
+
diff --git a/reuters/training/12869 b/reuters/training/12869
new file mode 100644
index 0000000000000000000000000000000000000000..66febfdc25419e7adf33265b580cac0ff53df23d
--- /dev/null
+++ b/reuters/training/12869
@@ -0,0 +1,10 @@
+BIOMET INC <BMET> 3RD QTR FEB 28 NET
+  Shr 18 cts vs 13 cts
+      Net 2,133,000 vs 1,384,000
+      Revs 14.1 mln vs 11.7 mln
+      Nine mths
+      Shr 49 cts vs 36 cts
+      Net 5,657,000 vs 3,728,000
+      Revs 39.7 mln vs 31.8 mln
+  
+
diff --git a/reuters/training/1287 b/reuters/training/1287
new file mode 100644
index 0000000000000000000000000000000000000000..0f980cf9b06dd913729f0353299f85d3ece45224
--- /dev/null
+++ b/reuters/training/1287
@@ -0,0 +1,10 @@
+CONTINENTAL GENERAL <CGIC> SETS STOCK DIVIDEND
+  Continental General Insurance Co
+  said its board of directors declared a 10 pct stock dividend on
+  common shares, payable April one to shareholders of record
+  March 16.
+      The company yesterday paid a quarterly cash dividend of
+  2-1/2 cts a share, unchanged from the previous quarter, to
+  shareholders of record February 20.
+  
+
diff --git a/reuters/training/12872 b/reuters/training/12872
new file mode 100644
index 0000000000000000000000000000000000000000..4ef1fe2f5f8c351e6f42a08a6c8fdb355d43d2e6
--- /dev/null
+++ b/reuters/training/12872
@@ -0,0 +1,24 @@
+SPAIN AGREES SALE OF CORN TO GREECE
+  Greece has agreed to buy between 27,000
+  and 33,000 tonnes of Spanish corn, a spokesman for Cargill's
+  Spanish unit Compania Industrial y de Abastecimiento S.A.
+  (CINDASA) said.
+      He told Reuters the sale price was around 28.95 pesetas per
+  kilo but that the final quantity and delivery date has not yet
+  been set. The corn will be shipped in the coming days from
+  Valencia.
+      He said CINDASA will also ship 6,000 to 7,000 tonnes of
+  Spanish corn to Italy in the second half of this month.
+      The CINDASA spokesman said other corn shipments this month
+  will include between 15,000 and 30,000 tonnes bound initially
+  for Rotterdam and Ghent and destined for unspecified northern
+  European countries. He said shipments of 35,000 to 50,000
+  tonnes of low specific gravity barley were also expected this
+  month and added that Greece, the Netherlands, Ireland and
+  Belgium were considering imports of Spanish flour for milling.
+      Market sources said the corn exports, the absence of
+  imports from the rest of the EC and the delay in shipments of
+  corn from the U.S. Had pushed domestic corn prices up by around
+  0.25 pesetas a kilo today compared with yesterday.
+  
+
diff --git a/reuters/training/12874 b/reuters/training/12874
new file mode 100644
index 0000000000000000000000000000000000000000..238b4ebdf44bd64d07dc2d1e24576100244fbd93
--- /dev/null
+++ b/reuters/training/12874
@@ -0,0 +1,16 @@
+EAC INDUSTRIES INC <EAC> 4TH QTR OPER LOSS
+  Period ended Jan 31
+      Oper shr loss 66 cts vs loss 1.29 dlrs
+      Oper net loss 1,309,000 vs loss 2,522,000
+      Sales 25.1 mln vs 19.9 mln
+      Year
+      Oper shr loss 65 cts vs loss 97 cts
+      Oper net loss 1,287,000 vs loss 1,882,000
+      Sales 113.4 mln vs 76.6 mln
+      NOTE: Earnings exclude a loss on sale of discontinued
+  operations of 17,000 dlrs, or one ct a share vs a gain of
+  1,383,000 dlrs, or 70 cts a share in the quarter and gains of
+  300,000 dlrs, or 15 cts a share vs 1,941,000 dlrs, or 1.00 dlr
+  a share for the year
+  
+
diff --git a/reuters/training/12875 b/reuters/training/12875
new file mode 100644
index 0000000000000000000000000000000000000000..70d617c60fb6f2a7d9b13db46d0cb63c27defb5f
--- /dev/null
+++ b/reuters/training/12875
@@ -0,0 +1,31 @@
+BUNDESBANK GROSS RESERVES RISE AT MARCH CLOSE
+  The Bundesbank's gross currency
+  reserves rose 300 mln marks in the last week of March to 104.9
+  billion marks, the Bundesbank said in a statement.
+      At the same time its foreign liabilities rose 100 mln to
+  22.8 billion, producing a rise in net reserves of 200 mln to
+  82.2 billion on March 31.
+      The Bundesbank provided banks with liquidity in the fourth
+  March week by disbursing funds in the money market via
+  government-owned banks. Banks took up the Bundesbank's standing
+  offer of treasury bills to place excess liquidity.
+      Banks received more liquidity through routine month-end
+  payments by public authorities as well as expansionary market
+  factors than was lost through the 2.3 billion mark rise in cash
+  in circulation to 122.3 billion, the Bundesbank said.
+      But banks had to draw heavily on the Lombard emergency
+  financing facility due to month-end tightness, borrowing 5.3
+  billion marks.
+      Overall, banks' holdings at the Bundesbank rose 10.2
+  billion marks to 58.5 billion at the end of the month,
+  averaging 50.9 billion in the whole of March.
+      The minimum reserve requirement for March, before deduction
+  of banks' cash holdings, was set at 61 billion marks.
+      Public authorities' net holdings at the Bundesbank fell to
+  2.2 billion marks in the last March week from 4.4 billion the
+  week before. The federal states' holdings fell 2.6 billion to
+  2.4 billion.
+      The federal government's holdings rose 700 mln marks to 5.1
+  billion.
+  
+
diff --git a/reuters/training/12877 b/reuters/training/12877
new file mode 100644
index 0000000000000000000000000000000000000000..4c6a57ab68636974ca1b8e8f94472a59cfa1d9b2
--- /dev/null
+++ b/reuters/training/12877
@@ -0,0 +1,7 @@
+TURKISH CENTRAL BANK SETS LIRA/DOLLAR, DM RATES
+  Turkey's Central Bank set a lira/dollar
+  rate for April 6 of 781.95/785.86 to the dollar, up from
+  782.50/786.41. It set a lira/D-mark rate of 430.15/432.30 to
+  the mark, down from 428.30/430.44.
+  
+
diff --git a/reuters/training/12878 b/reuters/training/12878
new file mode 100644
index 0000000000000000000000000000000000000000..3904ac6f150a47421df2aff809ee885213430c2f
--- /dev/null
+++ b/reuters/training/12878
@@ -0,0 +1,55 @@
+WESSANEN FORESEES STRONG PROFIT GROWTH
+  Dutch dairy and general foods
+  manufacturer Koninklijke Wessanen NV <WESS.AS>, said it is
+  planning further world-wide acquisitions and forsees strong
+  profit growth over the next 10 years.
+       Company chairman Gerrit van Driel told journalists at the
+  presentation of Wessanen's 1986 report he already expected 1987
+  first quarter profits to show an increase.
+      The company last month reported a 16 pct increase in 1986
+  net profits to 72.7 mln guilders, after 62.3 mln in 1985.
+      This was achieved despite a 25 pct drop in the dollar's
+  guilder value, van Driel said.
+      Van Driel said profits would have been nine mln guilders
+  higher if the US currency had remained at its average 1985
+  level of 3.20 guilders.
+      Turnover, at 3.7 billion guilders in 1986, was 450 mln
+  guilders down because of the lower dollar and lower raw
+  material prices. Total 1985 turnover was 4.2 billion guilders.
+      US activities accounted for 34 pct of 1986 turnover,
+  compared with 22 pct in 1982. Wessanen now has 15 separate
+  businesses in the US out of a total of 62 world-wide.
+      Van Driel said the company would continue an active
+  takeover policy in the US, but would be wary about paying more
+  than its current price/earnings ratio of 17 times net profit.
+      He added that Wessanen teams were seeking acquisition
+  possibilities in Brazil, Taiwan, Thailand and China.
+      He said the company had an ample cashflow of 100 mln
+  guilders and would if necessary make new share issues.
+      Van Driel said he expected a 1987 US turnover of 700 mln
+  dlrs. He said <Balanced Foods> and <Green's Dairy>, taken over
+  late last year, have a combined annual turnover of 126 mln dlrs
+  which was not included in the 1986 account.
+      All sectors saw strong growth in 1986, resulting in a 13
+  pct increase in operating income to 120 mln guilders. Key to
+  this growth was the successful introduction of new products,
+  which were greatly enhanced by a number of consumer-oriented US
+  acquisitions, van Driel said.
+      Consumer products represented 50 pct of total 1986
+  turnover, compared with 35 pct in 1982, van Driel said.
+      The company, which is already listed on the London, Zurich,
+  Basle and Geneva stock exchanges as well as Amsterdam, aims to
+  be quoted in Frankfurt and Dusseldorf in May, van Driel said.
+      Van Driel stressed that while these listings would not be
+  accompanied by new share issues, they provided easy vehicles
+  for the company to raise capital for future expansion.
+      He estimated that 33 pct of the company's shares were in
+  foreign hands.
+      The company's 1986 US turnover of about 750 mln dlrs made a
+  listing on one of the New York exchanges a logical next step,
+  van Driel said without elaborating.
+      Despite EC dairy restrictions Wessanen, which produces
+  around 10 pct of all Dutch cheese, saw good growth prospects
+  for its dairy sector within Europe, van Driel said.
+  
+
diff --git a/reuters/training/1288 b/reuters/training/1288
new file mode 100644
index 0000000000000000000000000000000000000000..0974c05ed284b8f7e16bfa60088b09330a0ff064
--- /dev/null
+++ b/reuters/training/1288
@@ -0,0 +1,13 @@
+MARGAUX CONTROLS INC <MARGX> 3RD QTR DEC 28 LOSS
+  Shr loss 1.60 dlrs vs loss 45 cts
+      Net loss 9,883,000 vs loss 2,744,000
+      Revs 1,309,000 vs 3,289,000
+      Nine mths
+      Shr loss 2.29 dlrs vs loss 98 cts
+      Net loss 14.1 mln vs loss 6,008,000
+      Revs 4,577,000 vs 11.9 mln
+      Note: 1986 net losses inlcude 7,507,000-dlr charge from
+  discontinued operations of building management system sold to
+  Cetek System Inc on Jan 30, 1987.
+  
+
diff --git a/reuters/training/12880 b/reuters/training/12880
new file mode 100644
index 0000000000000000000000000000000000000000..df464a4b5264bf3b056eabbd256849d894f9974d
--- /dev/null
+++ b/reuters/training/12880
@@ -0,0 +1,13 @@
+FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES
+  The Federal Home Loan Bank Board
+  adjusted the rates on its short-term discount notes as follows:
+      MATURITY   NEW RATE  OLD RATE  MATURITY
+    30-273 days  5.00 pct  5.00 pct    30-89 days
+   274-294 days  5.92 pct  5.83 pct   90-100 days
+   295-344 days  5.00 pct  5.00 pct  101-181 days
+   345-360 days  5.93 pct  5.82 pct  182-195 days
+                           5.00 pct  196-274 days
+                           5.90 pct  275-295 days
+                           5.00 pct  296-360 days
+  
+
diff --git a/reuters/training/12882 b/reuters/training/12882
new file mode 100644
index 0000000000000000000000000000000000000000..6e78566d336ffd5720ff0683bc3d43147d8d3a42
--- /dev/null
+++ b/reuters/training/12882
@@ -0,0 +1,3 @@
+ 3-APR-1987 10:09:10.28
+   3-APR-1987 10:09:10.28
+
diff --git a/reuters/training/12883 b/reuters/training/12883
new file mode 100644
index 0000000000000000000000000000000000000000..5161b977902cee516221fda4a19aca4684c58414
--- /dev/null
+++ b/reuters/training/12883
@@ -0,0 +1,16 @@
+K MART <KM> SELLING KRESGE TO MCCRORY
+  K mart Corp said it agreed to sell
+  most of the U.S. Kresge and Jupiter stores to McCrory Corp, a
+  subsidiary of privately held Rapid American Corp.
+      It said the agreement covers 76 stores in 21 states
+  including inventory and fixtures. The price depends on the
+  amount of the inventory that will be in the stores on the
+  closing date.
+      K mart said it will continue to operate the stores until
+  early June, when McCrory will take over with no interruption of
+  service.
+      The newly acquired Kresge and Jupiter stores will be
+  renamed McCrory 5 and 10. McCrory currently operates 1,250
+  stores in 38 states.
+  
+
diff --git a/reuters/training/12885 b/reuters/training/12885
new file mode 100644
index 0000000000000000000000000000000000000000..e11cc4536a9f274f55b10f173061a805b493ff46
--- /dev/null
+++ b/reuters/training/12885
@@ -0,0 +1,14 @@
+TANDY <TAN> 3RD QUARTER REVENUES UP 12 PCT
+  Tandy Corp said consolidated
+  sales and operating revenues for the third quarter, ended March
+  31, totaled nearly 776.0 mln dlrs, up 12 pct from 693.4 mln
+  dlrs last year.
+      The company said third quarter earnings will be released in
+  the latter part of April.
+      Tandy said March sales and oprating revenues totaled 164.4
+  mln dlrs, up 11 pct from March 1986's 238.8 mln dlrs.
+      It said U.S. retail operations revenues rose to 225.8 mln
+  dlrs last month from 202.7 mln dlrs a year earlier. Sales of
+  U.S. stores in existence more than one year increased 10 pct.
+  
+
diff --git a/reuters/training/12886 b/reuters/training/12886
new file mode 100644
index 0000000000000000000000000000000000000000..c53b36644466f1913eaf0e3813366b40de203767
--- /dev/null
+++ b/reuters/training/12886
@@ -0,0 +1,14 @@
+PHILIP MORRIS <MO> UP ON RECOMMENDATIONS
+  The stock of Philip Morris Cos rose
+  today following recommendations by First Boston Corp and Morgan
+  Stanley and Co, traders said.
+      Philip Morris gained 1-3/4 to 88-1/4.
+      First Boston's analyst was unavailable for comment.
+      Morgan Stanley's David Hill said he just assumed coverage
+  of Philip Morris and placed it on his recommended list becasue
+  of its attractive earnings growth and because the stock is
+  selling at a discount to the market based on Morgan's figures.
+  Hill expects Morris to earn 7.75 dlrs a share this year and
+  9.50 dlrs in 1988. In 1986, Morris earned 6.20 dlrs a share.
+  
+
diff --git a/reuters/training/12887 b/reuters/training/12887
new file mode 100644
index 0000000000000000000000000000000000000000..fa82cf4767c97211ce4a6c13ca1b9af88ac01ad0
--- /dev/null
+++ b/reuters/training/12887
@@ -0,0 +1,64 @@
+PAKISTAN NOT SEEN AS MAJOR WHEAT EXPORTER
+  Pakistan is not emerging as a major
+  wheat exporter as world market prospects are not good enough,
+  Sartaj Aziz, Special Assistant on Food and Agriculture to the
+  Pakistani Prime Minister, said in an interview.
+      No exports are planned for the next 12 months or so and
+  plans last year to sell one mln tonnes to Iran came to nothing
+  because they could not agree a price, he said.
+      Aziz forecast that Pakistan may have exportable surpluses
+  of one mln tonnes or a half mln tonnes over the next few
+  harvests in years when the weather is favourable.
+      The government does not wish to increase output much above
+  this because of low world prices, and the land would be better
+  used for other crops.
+      Aziz said the Pakistani government does not want area sown
+  to wheat to increase from the current seven mln hectares. Some
+  10 pct of that area which gives low yields could be switched to
+  more profitable crops such as oilseeds.
+      The aim is to concentrate on raising yields from the
+  current 1.8 to 1.9 tonnes per ha to at least 2.5 tonnes per ha
+  over the next five to seven years, he said.
+      Aziz said the current 1986/87 crop, harvesting of which is
+  just beginning, is expected to yield around a record 14.5 mln
+  tonnes. This compares with a target of 14.7 mln and last year's
+  yield of 14.0 mln.
+      He said rains some six weeks ago helped the crop but more
+  recent rains reduced prospects slightly.
+      The long-term wheat production target is for some 17 mln
+  tonnes by mid-1993, taking into account Pakistan's annual
+  population growth rate of more than three pct. Current
+  consumption is some 12.5 mln tonnes.
+      The current wheat reserve is 2.5 mln tonnes, Aziz said.
+  This compares with a minimum reserve commitment of one mln
+  tonnes, which Pakistan will maintain at all costs, and a
+  "strategic reserve" target of two mln tonnes.
+      Despite the fact that stocks are a half-mln tonnes over
+  target, the surplus will not be exported at present, he said.
+      The government wants to keep an extra "safety margin" until
+  it sees what effect the abolition of a 44-year-old wheat
+  rationing system will have on domestic consumption. New exports
+  will be considered only in about a year's time when the 1987/88
+  crop can be gauged as well, he said.
+      The new domestic policy, introduced on March 15, is for the
+  government to supply unlimited quantities of wheat at two
+  rupees per kilo. With other costs this means a price in
+  Pakistani markets of between 2.30 and 2.50 rupees per kilo.
+      Under the old system, introduced during World War Two and
+  due to be phased out by April 15, some 50 mln ration cards were
+  issued enabling poor people to buy wheat cheaply.
+      Aziz said following the introduction of a government
+  support price in the 1970s the system become so corrupted that
+  only 20 to 25 pct of subsidised wheat was actually reaching the
+  consumer, the rest being diverted illicitly to the mills.
+      The ration system had also not had the stabilising effect
+  on the internal wheat market that was intended, Aziz said.
+      Prices have already begun to fall with the introduction of
+  the new system. The wheat price in Karachi, the most expensive
+  Pakistani city, had dropped from 3.11 rupees per kilo on March
+  1 to 2.85 rupees on March 30.
+      Aziz said he does not expect the change in system to have a
+  major effect on total consumption, but it may encourage better
+  use of side-products such as bran.
+  
+
diff --git a/reuters/training/12888 b/reuters/training/12888
new file mode 100644
index 0000000000000000000000000000000000000000..b574ae464869205bca9753b57fbb1ae0ff6c14fd
--- /dev/null
+++ b/reuters/training/12888
@@ -0,0 +1,8 @@
+KLEER-VU INDUSTRIES TO SELL COSMETICS UNIT
+  <Kleer-Vu Industries> said the
+  company's board authorized the sale of its Neslemur Co, its
+  cosmetic and toiletries company.
+      The company said it is evaluating two separate proposals
+  and will complete the sale within 10 days.
+  
+
diff --git a/reuters/training/12889 b/reuters/training/12889
new file mode 100644
index 0000000000000000000000000000000000000000..e452095c46138e6630e33b08ecc4a74f37795c0a
--- /dev/null
+++ b/reuters/training/12889
@@ -0,0 +1,11 @@
+MEMORY PROTECTION <MPDI> COMPLETES ACQUISITION
+  Memory Protection Devices Inc said it
+  completed its acquisition of the assets and liabilities of
+  Bogen, a division of <Lear/Siegler>, for 9,200,000 dlrs in
+  cash.
+      Under the newly-structured company, Memory said it expects
+  to report consolidated sales of 18 mln dlrs to 20 mln dlrs and
+  should be profitable before allowing for extraordinary items
+  related to the acquisition.
+  
+
diff --git a/reuters/training/12890 b/reuters/training/12890
new file mode 100644
index 0000000000000000000000000000000000000000..c406db5d0285fe778437e2d8290ecb605c94f0c5
--- /dev/null
+++ b/reuters/training/12890
@@ -0,0 +1,16 @@
+DU PONT <DD> TO SELL CLEVELAND PLANT
+  Du Pont Co said it agreed to
+  sell its Cleveland chemical plant, the oldest site currently
+  operated by the company, to two employees.
+      Terms were not disclosed.
+      Closing is expected in the second quarter, following
+  approval of definitive agreements.
+      Products made at the plant represent less than 1/10 of one
+  pct of Du Pont's annual sales, it said. Quilon chrome complexes
+  and Volan bonding agents will be supplied by the plant to Du
+  Pont under contract.
+      Established in 1866, the plant was acquired by Du Pont in
+  1928. The plant no longer fits the company's long-term
+  strategy, Du Pont said
+  
+
diff --git a/reuters/training/12891 b/reuters/training/12891
new file mode 100644
index 0000000000000000000000000000000000000000..c508e41f8cc9798c86a9f83bee7212b76c010d0c
--- /dev/null
+++ b/reuters/training/12891
@@ -0,0 +1,13 @@
+SPAIN RAISES CALL MONEY RATE TO 14.5 PCT
+  The Bank of Spain said it raised its rate
+  for overnight call money to 14.5 pct from 14 pct with immediate
+  effect at today's daily auction for assistance funds.
+      The move followed comments yesterday by central bank
+  governor Mariano Rubio, who said money supply growth was too
+  fast.
+      The bank said later that it was leaving its rate for
+  special assistance funds from its second window unchanged at 16
+  pct, surprising operators who had expected an increase there
+  too.
+  
+
diff --git a/reuters/training/12893 b/reuters/training/12893
new file mode 100644
index 0000000000000000000000000000000000000000..24a39ace5ddac626dbae2f5b061d54b616ae426b
--- /dev/null
+++ b/reuters/training/12893
@@ -0,0 +1,12 @@
+FEDERAL CO <FFF> 3RD QTR FEB 28 NET
+  Shr 1.00 dlr vs 34 cts
+      Net 16.9 mln vs 5,696,000
+      Revs 371.3 mln vs 303.2 mln
+      Avg shrs 16.9 mln vs 16.3 mln
+      Nine mths
+      Shr 3.55 dlrs vs 1.66 dlrs
+      Net 59.3 mln vs 27.1 mln
+      Revs 1.02 billion vs 912.8 mln
+      Avg shrs 16.7 mln vs 16.3 mln
+  
+
diff --git a/reuters/training/12897 b/reuters/training/12897
new file mode 100644
index 0000000000000000000000000000000000000000..ea277b4653f221d359fa5020cf3c24d9bb0df4b4
--- /dev/null
+++ b/reuters/training/12897
@@ -0,0 +1,6 @@
+FLOWERS INDUSTRIES INC <FLO> HIKES PAYOUT
+  Qtly div 14-1/2 cts vs 14 cts prior
+      Pay May 4
+      Record April 17
+  
+
diff --git a/reuters/training/12898 b/reuters/training/12898
new file mode 100644
index 0000000000000000000000000000000000000000..1d3c2d6b329a4e860bdb625aaccc35fd0f6e9940
--- /dev/null
+++ b/reuters/training/12898
@@ -0,0 +1,14 @@
+FINE ART ACQUISITIONS LTD <FAAA> 4TH QTR NET
+  Shr three cts vs three cts
+      Net 141,224 vs 118,192
+      Sales 5,849,695 vs 3,717,794
+      Avg shrs 4,975,000 vs 4,925,000
+      Year
+      Shr 15 cts vs 10 cts
+      Net 720,126 vs 474,879
+      Sales 18.2 mln vs 11.5 mln
+      Avg shrs 4,959,932 vs 4,902,778
+      NOTE: 1985 year net includes gain of 58,000 dlrs, or one
+  cent a share, from tax loss carryforward
+  
+
diff --git a/reuters/training/129 b/reuters/training/129
new file mode 100644
index 0000000000000000000000000000000000000000..6b1ed11a05b2e0464b587600eb75d139208fd0cb
--- /dev/null
+++ b/reuters/training/129
@@ -0,0 +1,5 @@
+NORTHERN TELECOM PROPOSES TWO-FOR-ONE STOCK SPLIT
+
+  NORTHERN TELECOM PROPOSES TWO-FOR-ONE STOCK SPLIT
+  
+
diff --git a/reuters/training/12900 b/reuters/training/12900
new file mode 100644
index 0000000000000000000000000000000000000000..38de32683a8f7eb627526c8984d2a2ec24ffcb2f
--- /dev/null
+++ b/reuters/training/12900
@@ -0,0 +1,8 @@
+GERBER <GEB> SETS DEADLINE FOR UNIT'S BUYOUT
+  Gerber Products Co said it has
+  given management of its CWT Inc trucking subsidiary 60 days to
+  pursue a leveraged buyout of the subsidiary.
+      It said CWT Inc, which has operations in the Midwest and
+  Southeast, has annual revenues of approximately 135 mln dlrs.
+  
+
diff --git a/reuters/training/12901 b/reuters/training/12901
new file mode 100644
index 0000000000000000000000000000000000000000..2715054510d05a201d32da531a2f209d40d19a9b
--- /dev/null
+++ b/reuters/training/12901
@@ -0,0 +1,9 @@
+<ANCHOR FINANCIAL CORP> 1ST QTR NET
+  Shr 31 cts vs 31 cts
+      Net 226,000 vs 173,000
+      Assets 73.1 mln vs 62.5 mln
+      Deposits 54.6 mln vs 51.5 mln
+      NOTE: earnings per share for 1987 affected by issuance of
+  166,750 shares of common stock in December 1986.
+  
+
diff --git a/reuters/training/12904 b/reuters/training/12904
new file mode 100644
index 0000000000000000000000000000000000000000..7a9bb0598d2b53ed434f75f8236f312515fb9ecf
--- /dev/null
+++ b/reuters/training/12904
@@ -0,0 +1,10 @@
+TSR INC <TSRI> 3RD QTR FEB 28 NET
+  Shr seven cts vs four cts
+      Net 161,000 vs 107,000
+      Revs 5,852,000 vs 4,794,000
+      Nine mths
+      Shr 23 cts vs 24 cts
+      Net 553,000 vs 610,000
+      Revs 18.2 mln vs 14.2 mln
+  
+
diff --git a/reuters/training/12905 b/reuters/training/12905
new file mode 100644
index 0000000000000000000000000000000000000000..a488815aac1e7d2893d8de8cd0ad1eaad8f83a80
--- /dev/null
+++ b/reuters/training/12905
@@ -0,0 +1,14 @@
+TIME <TL> IN TALKS ON CABLE NEWS CONSORTIUM
+  N.J. Nicholas Jr., president and chief
+  operating officer of Time Inc, told security analysts the
+  company is now engaged in talks to join a consortium of cable
+  companies that will invest in Cable News Network.
+      Nicholas declined to give any details, but said an
+  announcement might be ready in a few days. He also declined to
+  say whether the investment would be made by Time Inc or
+  American Television and Communications Corp, a public company
+  in which Time owns a majority stake.
+      Cable News Network is owned by Turner Broadcasting System
+  <TBS>.
+  
+
diff --git a/reuters/training/12907 b/reuters/training/12907
new file mode 100644
index 0000000000000000000000000000000000000000..aea24cd9c0f5325641653e57646aa6cb4277cc35
--- /dev/null
+++ b/reuters/training/12907
@@ -0,0 +1,35 @@
+ABNORMAL RADIATION FOUND IN SOVIET TEA/HAZELNUTS
+  Abnormally high levels of radiation were
+  found in Soviet tea and hazelnuts more than nine months after
+  the Chernobyl nuclear accident, West German residents in Moscow
+  were advised this week.
+      In a letter to the West German community here, Ambassador
+  Joerg Kastl said laboratory tests on food samples bought in
+  Moscow in February had shown elevated levels of caesium-134 and
+  -137 in tea from Azerbaijan and Ukrainian hazelnuts.
+      Other food samples sent for testing at Cologne University,
+  including honey, fruit, vegetables, pork, milk and butter, were
+  found to be free of radiation, it said.
+      Data in the letter showed the tea and hazelnuts contained
+  caesium levels far in excess of ceilings recommended by the
+  United Nations Food and Agriculture Organisation (FAO).
+      The letter said people who had consumed the tea faced no
+  particular health danger as most of the caesium remained in the
+  tea leaves, but it warned against eating the hazelnuts.
+      The products sent for testing were bought in state shops
+  and private farmers' markets in Moscow, it added. Other Western
+  embassies in Moscow said they had discontinued laboratory
+  testing of Soviet food late last year because no abnormal
+  radiation levels were detected.
+      "We didn't find anything so we stopped doing it," a U.S.
+  Embassy spokesman said.
+      A British spokesman said radiation-monitoring equipment
+  remained in the embassy waiting room for British residents in
+  Moscow who wanted to check their food, but laboratory tests had
+  not been conducted for several months.
+      "Earlier we sent some food back to Britain as a
+  precautionary measure, but we stopped in the absence of any
+  alarming signals," he said. "If the tests had shown abnormal
+  readings, they would have been resumed."
+  
+
diff --git a/reuters/training/12908 b/reuters/training/12908
new file mode 100644
index 0000000000000000000000000000000000000000..4d840d69423a7be22017058648b45942c5526601
--- /dev/null
+++ b/reuters/training/12908
@@ -0,0 +1,13 @@
+SALLIE MAE ADJUSTS SHORT-TERM DISCOUNT NOTE RATES
+  The Student Loan Marketing
+  Association said its rates on short-term discount notes were as
+  follows:
+      MATURITY   NEW RATE    OLD RATE  MATURITY
+      5-14 days  5.65 pct    5.60 pct     5-14 days
+     15-78 days  5.00 pct    5.00 pct    15-81 days
+     79-85 days  5.83 pct    5.75 pct    82-88 days
+    89-360 days  5.00 pct    5.00 pct   89-174 days
+                             5.85 pct  175-180 days
+                             5.00 pct  181-360 days
+  
+
diff --git a/reuters/training/1291 b/reuters/training/1291
new file mode 100644
index 0000000000000000000000000000000000000000..671244b8901b2299a757af8dfca80070d20ef11c
--- /dev/null
+++ b/reuters/training/1291
@@ -0,0 +1,12 @@
+HARRIS CUTS STAKE IN BELL INDUSTRIES <BI>
+  Harris Associates L.P., a Chicago
+  investment advisory limited partnership, said it lowered its
+  stake in Bell Industries Inc to 1,015,800 shares, or 18.7 pct
+  of the total outstanding, from 1,083,800 shares, or 20.0 pct.
+      In a filing with the Securities and Exchange Commission,
+  Harris said it sold 68,000 Bell common shares between Dec 18
+  and Feb 20 at prices ranging from 20.25 to 25.24 dlrs each.
+      Harris said its dealings in Bell stock are on behalf of its
+  advisory clients.
+  
+
diff --git a/reuters/training/12910 b/reuters/training/12910
new file mode 100644
index 0000000000000000000000000000000000000000..d9cc00025d6f7992745b1c01c057922c68d7143a
--- /dev/null
+++ b/reuters/training/12910
@@ -0,0 +1,6 @@
+CYPRUS LOWERS COPPER PRICE ONE CT TO 66 CTS
+  Cyprus Minerals Company said it is
+  decreasing its electrolytic copper cathode price by one cent  
+  to 66.0 cents a pound, effective immediately.
+  
+
diff --git a/reuters/training/12912 b/reuters/training/12912
new file mode 100644
index 0000000000000000000000000000000000000000..c2d0504b8aa6107c1b2b076a6bdd8d1cce6efece
--- /dev/null
+++ b/reuters/training/12912
@@ -0,0 +1,7 @@
+FREDDIE MAC ADJUSTS SHORT-TERM DISCOUNT RATES
+  The Federal Home Loan Mortgage Corp
+  adjusted the rates on its short-term discount notes as follows:
+     MATURITY   RATE       OLD RATE  MATURITY
+      31 days   5.95 pct   6.00 pct  32 days
+  
+
diff --git a/reuters/training/12914 b/reuters/training/12914
new file mode 100644
index 0000000000000000000000000000000000000000..3972bc55ffdcf001bd3a9af7449447d6cb7efb86
--- /dev/null
+++ b/reuters/training/12914
@@ -0,0 +1,13 @@
+MAVERICK RESTAURANT CORP <MAVR> 4TH QTR LOSS
+  Ended Jan 31
+      Shr loss 50 cts vs loss one ct
+      Net loss 2,475,739 vs loss 68,691
+      Revs 3,689,770 vs 3,292,733
+      Year
+      Shr loss 50 cts vs loss two cts
+      net loss 2,472,582 vs loss 112,936
+      Revs 14.8 mln vs 13.2 mln
+      NOTE: Current periods include charge of 2.25 mln dlrs or 45
+  cts for restaurant closings.
+  
+
diff --git a/reuters/training/12915 b/reuters/training/12915
new file mode 100644
index 0000000000000000000000000000000000000000..fa6c416ab04eacd20e09a5ab099b9bb02ae2d586
--- /dev/null
+++ b/reuters/training/12915
@@ -0,0 +1,9 @@
+GRAPHIC MEDIA INC <GMED> YEAR NET
+  Ended Jan 31
+      Shr nine cts vs eight cts
+      Net 246,000 vs 369,000
+      Revs 20.4 mln vs 11.2 mln
+      Avg shrs 2,123,000 vs 1,882,000
+      NOTE: 1985 restated.
+  
+
diff --git a/reuters/training/12917 b/reuters/training/12917
new file mode 100644
index 0000000000000000000000000000000000000000..42b090c944e570005cd7818123dbf83c6425052e
--- /dev/null
+++ b/reuters/training/12917
@@ -0,0 +1,70 @@
+TIME <TL> 1987 EARNINGS MAY BE 4.25 DLRS SHARE
+  Time Inc's chief financial officer,
+  Thayer Bigelow, told security analysts the company is
+  "comfortable" with Wall Street estimates that 1987 earnings
+  will be in a range of 3.75 dlrs to 4.25 dlrs per share.
+      In 1986, Time reported earnings of 5.95 dlrs per share,
+  including a number of special items.
+      Bigelow said in adjusting the 1986 results for the special
+  items and also removing the earnings of American Television and
+  Communications Corp <ATCMA>, Time earned 2.35 dlrs per share in
+  1986.
+      Turner Broadcasting System Inc said the investment by the
+  cable consortium would be in Turner Broadcasting, not directly
+  in CNN. The consortium would infuse up to 550 mln dlrs in
+  Turner Broadcasting in return for a 35 pct equity interest.
+      Ted Turner, Chairman, would retain a 51 pct interest, a
+  Turner Broadcasting spokesman said.
+      Bigelow said the company is continuing its previously
+  announced 10 mln share repurchase program and has bought back
+  4.1 mln of its own shares. He said 700,000 shares were
+  purchased in the first quarter of 1987 at an average price of
+  81 dlrs per share.
+      Bigelow said the company will always have a share buyback
+  program in place whenever it believes it is a better long-term
+  investment than starting or acquring a business. But he did not
+  give any specifics on further repurchases beyond the 10 mln
+  shares already announced.
+     
+      On the subject of acquisitions, Richard Munro, chairman and
+  chief executive said the company is not interested in investing
+  in over-the-air broadcasting, but continues to look at all
+  areas in which it is currently engaged.
+      Munro said book publishing is an area that interested Time.
+  In 1986 the company purchased Scott and Foresman, its biggest
+  acquisition ever.
+      N.J. Nicholas, president and chief operating officer, said
+  the company might be interested in a relatively small book
+  business.
+      He said following the recent agreement for the sale of
+  Harper and Row to the News Corp Ltd <NWS>, "there may be pieces
+  that Murdoch doesn't want," referring to News Corp chairman
+  Rupert Murdoch.
+      Asked if the company's SAMI business is for sale, Munro
+  said it is a "delicate subject", and "we're looking at all the
+  options." SAMI is a marketing information service for the food
+  industry. Published reports have stated it could be worth as
+  much as 500 mln dlrs.
+     
+      Bigelow said that Time's Home Box Office added  subscribers
+  last year and the trend is continuing in the first quarter of
+  1987. However, he said, HBO's results in the quarter will be
+  down slightly, but in the first quarter of 1986 there was a
+  special gain in the HBO unit.
+      Nicholas said that HBO and Cinemax had combined subscriber
+  growth of 800,000 for last year.
+      He also said the tax rate in 1987 will remain at just under
+  50 pct because of the repeal of investment tax credits and
+  higher state and local taxes. He said he sees a decrease in the
+  tax rate in 1988 of five or six percentage points.
+      Munro said the company does not plan to increase its
+  dividend.
+      Trygve Myhren, chairman and chief executive of American
+  Television and Communications, said the unit is looking at
+  getting involved in the home shopping video area. "It would be
+  foolish not to be a player there," he said.
+      He said the company had talks with Home Shopping Network
+  Inc <HSN> prior to that company's public offering last year,
+  but nothing came of the talks.
+  
+
diff --git a/reuters/training/12919 b/reuters/training/12919
new file mode 100644
index 0000000000000000000000000000000000000000..c016a661f6b5239a8cef274778b592b0975eb73a
--- /dev/null
+++ b/reuters/training/12919
@@ -0,0 +1,10 @@
+FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES
+  The Federal Home Loan Bank Board
+  adjusted the rates on its short-term discount notes as follows:
+      MATURITY   NEW RATE  OLD RATE  MATURITY
+    30-273 days  5.00 pct  5.00 pct   30-273 days
+   274-294 days  5.90 pct  5.92 pct  274-294 days
+   295-344 days  5.00 pct  5.00 pct  295-344 days
+   345-360 days  5.93 pct  5.93 pct  345-360 days
+  
+
diff --git a/reuters/training/1292 b/reuters/training/1292
new file mode 100644
index 0000000000000000000000000000000000000000..e8d13c33df3cdbfd9b098073af1e4e4de5806059
--- /dev/null
+++ b/reuters/training/1292
@@ -0,0 +1,30 @@
+GOODYEAR <GT> CHAIRMAN CRITICIZES CORPORATE RAIDS
+  The chairman of Goodyear Tire and Rubber
+  Co, a concern that survived a recent hostile takeover bid,
+  charged that "terrorists in three-piece suits" are undermining
+  the nation's industrial base.
+  In a speech to a meeting of south Florida business executives,
+  Goodyear Chairman Robert Mercer lashed out at corporate raiders
+  and takeover specialists, accusing them of causing serious harm
+  to the companies they target.
+    "Their interest is not in preserving and strengthening
+  America's industrial and providing jobs," he said. "Their
+  product is simply deals, and that is not a product which a
+  country ... can base a future on."
+      Last year, Mercer fought off a takeover attempt by British
+  industrialist Sir James Goldsmith.
+      But Goodyear's independence was preserved at a high price,
+  Mercer said.
+      The company bought back Goldsmith's stock for 620 mln dlrs,
+  giving him a 93 mln dlr profit. Goodyear also paid him 37 mln
+  dlrs for expenses and bought about 41 mln other shares for over
+  two billion dlrs.
+      In an effort to trim its new debt, Goodyear closed down
+  three plants Mercer believes otherwise could have been saved,
+  sold its motor wheel and aerospace units and reduced its
+  payroll by 10 pct, he said.
+      Mercer, who plans to testify tomorrow at a Senate hearing
+  on a proposed bill to control corporate raiders, said hostile
+  takeovers have also hurt workers.
+  
+
diff --git a/reuters/training/12923 b/reuters/training/12923
new file mode 100644
index 0000000000000000000000000000000000000000..9d31072607081c37941395a37926336c71dfc7c5
--- /dev/null
+++ b/reuters/training/12923
@@ -0,0 +1,13 @@
+FED EXPECTED TO TAKE NO MONEY MARKET ACTION
+  The Federal Reserve is expected to take
+  no reserve-management action in the U.S. Government securities
+  market during its usual intervention period, economists said.
+      They said that, if the Fed does act, it will likely add
+  temporary reserves indirectly by arranging one to 1.5 billion
+  dlrs of customer repurchase agreements.
+      Federal funds, which averaged 6.14 pct yesterday, opened at
+  5-15/16 pct and remained there in early trading. Analysts
+  believe this probably is about where the Fed wants the funds
+  rate to be.
+  
+
diff --git a/reuters/training/12924 b/reuters/training/12924
new file mode 100644
index 0000000000000000000000000000000000000000..884a9305357fe0ff49e5eb993c56e4c4a1ed4463
--- /dev/null
+++ b/reuters/training/12924
@@ -0,0 +1,15 @@
+AGENCY REPORTS 30 SHIPS WAITING AT PANAMA CANAL
+  The Panama Canal Commission, a U.S.
+  government agency, said in its daily operations report that
+  there was a backlog of 30 ships waiting to enter the canal
+  early today. Over the next two days it expects --              
+               4/03  4/04
+                         Due: 36    28
+        Scheduled to Transit: 38    38
+             End-Day Backlog: 28    18
+      Average waiting time tomorrow --
+           Super Tankers  Regular Vessels
+   North End:  19 hrs       8 hrs
+   South End:  20 hrs      16 hrs
+  
+
diff --git a/reuters/training/12929 b/reuters/training/12929
new file mode 100644
index 0000000000000000000000000000000000000000..db717b19318822d301597866c3a140f1d01da3d2
--- /dev/null
+++ b/reuters/training/12929
@@ -0,0 +1,8 @@
+LAND'S END INC <LEYS> VOTES INITIAL PAYOUT
+  Land's End Inc said its board
+  declared a dividend of 10 cts a share payable April 30, record
+  April 13.
+      It is the company's first dividend since it became a public
+  entity last October.
+  
+
diff --git a/reuters/training/1293 b/reuters/training/1293
new file mode 100644
index 0000000000000000000000000000000000000000..6d30ca4324c9a9c7573a74d7c370c2c8fc012f32
--- /dev/null
+++ b/reuters/training/1293
@@ -0,0 +1,6 @@
+<TIVERTON PETROLEUMS LTD> NINE MTHS DEC 31 NET
+  Shr six cts vs five cts
+      Net 459,131 vs 289,433
+      Revs 1,808,832 vs 1,680,240
+  
+
diff --git a/reuters/training/12933 b/reuters/training/12933
new file mode 100644
index 0000000000000000000000000000000000000000..7c30baf5a994f0a6c881d431706ae7bd3a7f1e55
--- /dev/null
+++ b/reuters/training/12933
@@ -0,0 +1,7 @@
+ALLWASTE <ALWS> TO ACQUIRE SERVICE FIRM
+  Allwaste Inc said it agreed in principle
+  to acquire all outstanding stock of a company in the industrial
+  service business for 1.98 mln dlrs in common stock.
+      It did not identify the company to be acquired.
+  
+
diff --git a/reuters/training/12935 b/reuters/training/12935
new file mode 100644
index 0000000000000000000000000000000000000000..b9c3aef8ced1b07e02e7a3c726bef464d24619aa
--- /dev/null
+++ b/reuters/training/12935
@@ -0,0 +1,12 @@
+GLOBAL RAISES HEAVY FUELS PRICES
+  global petroleum corp said today it
+  raised the posted cargo prices for number six fuel in the new
+  york harbor 20 cts to 1.45 dlrs a barrel, effective today.
+      the increase brings the prices for one pct sulphur to 21.30
+  dlrs, up 20 cts; two pct sulphur 20.85 dlrs, up one dlr; 2.2
+  pct sulphur 20.50, up 1.25 dlrs, and 2.5 pct sulphur 20.25
+  dlrs, up 1.45 dlrs, it said.
+      prices for 0.3 pct and 0.5 pct sulphur fuels were unchanged
+  at 22.50 and 21.85 dlrs respectively, the company said.
+  
+
diff --git a/reuters/training/12937 b/reuters/training/12937
new file mode 100644
index 0000000000000000000000000000000000000000..e982909dcdd44af663441be52904ee607ec3c59d
--- /dev/null
+++ b/reuters/training/12937
@@ -0,0 +1,13 @@
+SOO LINE <SOO> TO SELL LAKE STATES DIVISION
+  Soo Line Corp said it agreed to sell
+  its Lake States Transportation Division to the newly formed
+  Wisconsin Central Ltd.
+      The division conducts rail operations over about 2,000
+  miles of railroad in Minnesota, Wisconsin, Michigan and
+  Illinois. Soo Line said in January it was seeking bids for the
+  property.
+      Terms were withheld, but Soo has estimated that the
+  transaction will result in a one-time after-tax loss of 8.0 to
+  15.0 mln dlrs.
+  
+
diff --git a/reuters/training/12940 b/reuters/training/12940
new file mode 100644
index 0000000000000000000000000000000000000000..10770f604e0b46f1003ab7caa941359661e7992d
--- /dev/null
+++ b/reuters/training/12940
@@ -0,0 +1,19 @@
+BP SAYS NO PLANS TO CLOSE SWEDISH REFINERY
+  The British Petroleum Co Plc <BP.L> said
+  it had no plans to close its refinery in Gothenburg, despite
+  forecasts by a Swedish finance ministry committee that it might
+  be planning such a move.
+      The committee said the refinery's future looked bleak
+  because the Swedish petroleum industry's competitiveness was
+  expected to worsen unless it invested, and because of the
+  effects of a possible tightening of rules on sulphur content.
+      But BP said the unit, in which Sweden's <OK Petroleum AB>
+  has a 22 pct stake, had performed well both technically and
+  financially up to and including the first quarter of 1987.
+      Current restrictions on sulphur emissions and known future
+  plans for both Sweden and export markets did not cause it any
+  serious problems, it said in a statement.
+      The refinery started up in 1967 and has an annual capacity
+  of 4.7 mln tonnes.
+  
+
diff --git a/reuters/training/12943 b/reuters/training/12943
new file mode 100644
index 0000000000000000000000000000000000000000..6e91fc582ed99991a80e5f9725d91f15e0ed11e3
--- /dev/null
+++ b/reuters/training/12943
@@ -0,0 +1,29 @@
+USDA CORRECTS TURKEY CREDIT ANNOUNCEMENT
+  The U.S. Agriculture Department said
+  an announcement by the department yesterday concerning 15.0 mln
+  dlrs in additional credit guarantees for exports of U.S.
+  commodities to Turkey contained two inaccuracies.
+      First, the USDA said its announcement should not have said
+  that plywood was excluded from the additional three mln dlrs in
+  GSM-102 credit guarantees for lumber.
+      The original announcement said the guarantees included
+  three mln dlrs for lumber, except plywood.
+      Melvin Sims, USDA general sales manager, told Reuters he
+  did not anticipate any plywood would be included in the sales,
+  but that "it's possible it would be."
+      Plywood in the past has not been eligible for GSM-102
+  credit guarantees because it is considered by some to be a
+  manufactured product. Members states of the Organization for
+  Economic Cooperation and Development have pledged not to offer
+  concessional credits on manufactured products, Sims said.
+      However, the Reagan administration is considering whether
+  to allow plywood sales to be covered by the credit guarantee
+  program, Sims said.
+      Second, the USDA announcement said 6.0 mln dlrs of a
+  previously announced 6.0-mln dlr line for tallow under GSM-102
+  was available for both public and private sector importers.
+      In fact, the line of credit guarantees for tallow is
+  available only for public sector importers, Walter Stern,
+  Foreign Agricultural Service Turkey analyst, said.
+  
+
diff --git a/reuters/training/12948 b/reuters/training/12948
new file mode 100644
index 0000000000000000000000000000000000000000..2abc5df37f8506ab178d53899dda6fd72bd93312
--- /dev/null
+++ b/reuters/training/12948
@@ -0,0 +1,27 @@
+PLYWOOD CREDITS EYED BY REAGAN ADMINISTRATION
+  The Reagan administration is debating
+  whether to provide government credit guarantees for the export
+  of plywood, a U.S. Agriculture Department official said.
+      As a member of the Organization for Economic Cooperation
+  and Development, OECD, the United States has agreed not to
+  provide any concessional credits on the export of manufactured
+  products.
+      However, USDA General Sales Manager Melvin Sims told
+  Reuters the administration is considering allowing USDA to
+  provide its first export credit guarantees for plywood on the
+  grounds it is not a manufactured product.
+      Sims said it was clear that wood products such as
+  furniture, tables and window frames would be considered
+  manufactured goods and therefore ineligible for export credit
+  guarantees. However, the case of plywood was less clear.
+      "As long as it's a basic material, we consider it still just
+  a processed version of the basic agricultural commodity," Sims
+  said in a telephone interview.
+      Earlier today, USDA said that plywood was eligible under an
+  export credit guarantee offer for Turkey announced yesterday.
+  In its original announcement yesterday, USDA had said the offer
+  included three mln dlrs for the export of lumber, excluding
+  plywood. However, Sims said he did not expect any plywood
+  exports to be including under the lumber guarantee offer.
+  
+
diff --git a/reuters/training/12949 b/reuters/training/12949
new file mode 100644
index 0000000000000000000000000000000000000000..80c49bc11b3ab258e2b9b5529bc880248bdb14e4
--- /dev/null
+++ b/reuters/training/12949
@@ -0,0 +1,10 @@
+POPE AND TALBOT <POP> SEES HIGHER 1ST QTR NET
+  Pope and Talbot Inc said it
+  expects first quarter earnings to total about one dlr per
+  share, compared with a year-earlier loss of nine cts per share.
+      Each of the company's business segments contributed to the
+  sharp improvement, Pope and Talbot said.
+      The wood products company also said it expects to release
+  first quarter results later this month.
+  
+
diff --git a/reuters/training/1295 b/reuters/training/1295
new file mode 100644
index 0000000000000000000000000000000000000000..8d0e47c7551d7d615ae6619372eb56fa3138dbac
--- /dev/null
+++ b/reuters/training/1295
@@ -0,0 +1,16 @@
+MORE INTERMEDIATE U.S. WHEAT CREDITS FOR MOROCCO
+  The Commodity Credit Corporation has
+  approved an additional 45.0 mln dlrs under its interemdiate
+  export credit guarantee program, GSM-103, for sales of U.S.
+  wheat to Morocco, the U.S. Agriculture Department said.
+      The action increases Morocco's cumulative fiscal year 1987
+  program for wheat under GSM-103 to 75.0 mln dlrs.
+      The credit terms extended for exports under the program
+  must be in excess of three years but no more than seven years
+  to eligible for credit coverage. All sales under this line must
+  be registered and exported by September 30, 1987.
+      The department also said the guarantee line for sales of
+  U.S. wheat under the Export Credit Guarantee Program, GSM-102,
+  has been decreased 45.0 mln dlrs to 60.0 mln.
+  
+
diff --git a/reuters/training/12956 b/reuters/training/12956
new file mode 100644
index 0000000000000000000000000000000000000000..cd1c790bc823afcd2b8ebcae962a9316d52da2a6
--- /dev/null
+++ b/reuters/training/12956
@@ -0,0 +1,13 @@
+STARS TO GO <STAR> GETS STORES, AGREEMENT
+  Stars to Go Inc said it completed
+  its acquisition of 650 video centers previously owned by CVS
+  International Inc and located in Circle K Corp <CKP> stores.
+      In conjunction with the acquistion, Circle K also granted
+  it the exclusive right to install video cassette rental centers
+  in all existing 3,500 Circle K stores, as well as in future
+  stores, for a period of seven years, Stars to Go said.
+      The company also said it currently has a total of 4,650
+  centers in operation and expects to increase the total to 6,000
+  by June 30.
+  
+
diff --git a/reuters/training/12959 b/reuters/training/12959
new file mode 100644
index 0000000000000000000000000000000000000000..a4fe8976f5a6156be4f948bc37d1cc8ad17f85f1
--- /dev/null
+++ b/reuters/training/12959
@@ -0,0 +1,13 @@
+POLYSAR IN JOINT VENTURE ON FINLAND LATEX PLANT
+  Polysar Ltd, wholly owned by
+  <Canada Development Corp>, said it agreed to form a joint
+  venture with Raision Tehtaat, of Finland, to build a synthetic
+  rubber latex plant in southern Finland.
+      Project cost and plant capacity were not disclosed.
+      The joint venture, to be 51 pct owned by Raision Tehtaat
+  and 49 pct by Polysar, will build a plant at Anjalankoski, east
+  of Helsinki, to produce carboxylated styrene-butadiene latex.
+      The plant's production will be used by Finland's paper
+  industry for making coated paper and paper board products.
+  
+
diff --git a/reuters/training/12962 b/reuters/training/12962
new file mode 100644
index 0000000000000000000000000000000000000000..bd013b3b892832a9b1fb7af9b86d2a6c2a8ecb05
--- /dev/null
+++ b/reuters/training/12962
@@ -0,0 +1,8 @@
+STERLING DRUG INC <STY> INCREASES PAYOUT
+  Qtrly div 38 cts vs 33 cts
+      Pay June 1
+      Record May 7
+      NOTE: company said this is the largest dividend increase in
+  15 years.
+  
+
diff --git a/reuters/training/12963 b/reuters/training/12963
new file mode 100644
index 0000000000000000000000000000000000000000..752000adcc64d1d70bdbb9ffe0d0308d65ddb2df
--- /dev/null
+++ b/reuters/training/12963
@@ -0,0 +1,26 @@
+CAMPBELL'S <CCH> MESTON LAKE SETS GOLD TARGETS
+  <Meston Lake Resources Inc>, 65.3 pct
+  owned by Campbell Resources Inc, said it will begin commercial
+  output at its Joe Mann mine in the Chibougamu area of Quebec at
+  an initial daily rate of 500 short tons of ore grading 0.15
+  ounce of gold per ton.
+      It said it will improve throughput to 700 tons a day at
+  0.221 ounce of gold per ton.
+      Meston said current ore reserves at the property total
+  910,000 tons grading 0.211 ounces of gold per ton and 0.3 pct
+  copper, but it may be able to develop "substantially greater
+  tonnage."
+    
+      Meston said underground drilling below current developed
+  reserves has intersected the main zone 200 feet below the
+  bottom level, with the average grade assayed at 0.530 ounce of
+  gold per ton over true width of 17 feet.
+      A recent drillhole, east of the current shaft and 600 feet
+  from the reserve boundary, intersected three zones grading,
+  respectively, 0.708 ounce per ton over 5.4 feet at depth of 650
+  feet, 0.706 ounce over seven feet at depth of 765 feet and
+  0.418 ounce over one foot at depth of 1,000 feet. A second
+  surface hole, 500 feet farther east, intersected 1.068 ounce
+  per ton over 5.3 feet.
+  
+
diff --git a/reuters/training/12965 b/reuters/training/12965
new file mode 100644
index 0000000000000000000000000000000000000000..cdc7a2e8e1aa3ffaaa7a739e53a4e555ce490488
--- /dev/null
+++ b/reuters/training/12965
@@ -0,0 +1,18 @@
+WARBURG PINCUS DECLINES TO UP SYMBION <SYMB> BID
+  Warburg, Pincus Capital Co L.P., an
+  investment partnership, said it told representatives of Symbion
+  Inc it would not increase the 3.50-dlr-per-share cash price it
+  has offered for the company.
+      In a filing with the Securities and Exchange Commission,
+  Warburg Pincus said one of its top executives, Rodman Moorhead,
+  who is also a Symbion director, met April 1 with Symbion's
+  financial advisor, L.F. Rothschild, Unterberg, Towbin Inc.
+      In a discussion of the offer, Warburg Pincus said Moorhead
+  told the meeting there are no plans to raise the 3.50 dlr bid.
+      Moorhead told the Rothschild officials that Warburg Pincus
+  considers the offered price to be a fair one, Warburg Pincus
+  said.
+      Last Month Warburg Pincus launched a tender offer to buy up
+  to 2.5 mln Symbion common shares.
+  
+
diff --git a/reuters/training/12969 b/reuters/training/12969
new file mode 100644
index 0000000000000000000000000000000000000000..797d0446152a64670add32952967533880a6f056
--- /dev/null
+++ b/reuters/training/12969
@@ -0,0 +1,9 @@
+NEW YORK FUTURES EXCHANGE TO RELOCATE
+  Lewis Horowitz, president of the New
+  York Futures Exchange, said the New York Stock Exchange board
+  yesterday approved in principle an agreement to relocate the
+  futures exchange at the New York Cotton Exchange.
+      The agreement is subject to the approval of the Cotton
+  Exchange board, which meets Tuesday, April 7.
+  
+
diff --git a/reuters/training/12971 b/reuters/training/12971
new file mode 100644
index 0000000000000000000000000000000000000000..35c37cde8b46a57594c4cb95c3f47bfa87d0accf
--- /dev/null
+++ b/reuters/training/12971
@@ -0,0 +1,61 @@
+EC WHEAT RELEASE UNLIKELY TO SATISFY U.K. DEMAND
+  The European Commission's decision to
+  release an additional 300,000 tonnes of British intervention
+  feed wheat for the home market will provide only moderate
+  relief in an increasingly tight market, traders said.
+      Some operators had been anticipating a larger tonnage,
+  pointing out that at this week's U.K. Intervention tender the
+  market sought to buy 340,000 tonnes but only 126,000 tonnes
+  were granted.
+      The new tranche of intervention grain is unlikely to
+  satisfy demand, they said, and keen buying competition for
+  supplies in stores is expected to keep prices firm.
+      The release of the feed wheat followed recent strong
+  representations by the U.K. Grain trade to the Commission.
+  There has been growing concern that rising internal prices,
+  triggered by heavy exports, were creating areas of shortage in
+  interior markets.
+      The latest EC authorisation will add 70,000 tonnes at the
+  April 14 tender and a further 30,000 tonnes later in the month.
+  The remaining 200,000 tonnes will be made available in May and
+  June.
+      News of the release produced an early downward reaction in
+  local physical markets, but by midday some sections had halved
+  early two stg losses while others were unchanged.
+      Ministry of Agriculture figures for March indicate 1.85 mln
+  tonnes of wheat and 1.74 mln tonnes of barley remain in the
+  free market. However, some traders believe these figures are
+  overstated and, while some may still be held on the farm, the
+  bulk of wheat is already sold. Some of the grain is also off
+  the market in futures stores.
+      A total of 2.10 mln tonnes of intervention wheat has been
+  sold for export or to the home market since the season started
+  July 1, leaving an unsold balance in intervention of about 1.59
+  mln tonnes.
+      Intervention barley sales have reached just over 1.0 mln
+  tonnes, leaving about 753,000 tonnes, traders said.
+      This season's U.K. Export performance has surpassed all
+  early expectations and has created the present nervous
+  situation in domestic markets where the fear now is free market
+  supplies may not last out until new crop becomes available in
+  August.
+      The market is sticking to its recent prediction of total
+  barley and wheat exports of around 10.5 mln tonnes, a new
+  record and nearly double the previous record of 5.9 mln tonnes
+  achieved in the 1984/85 season.
+      Traders expect U.K. Wheat exports to reach 6.0 mln and
+  barley around 4.50 mln tonnes.
+      The Soviet Union has booked a record total of 2.5 mln
+  tonnes of British wheat and barley this season, but only 1.28
+  mln had surfaced in Customs export figures by March 25, traders
+  said.
+      Other EC countries have bought large amounts of British
+  grain and for the July 1/March 25 period had taken 2.59 mln
+  tonnes of wheat and 2.06 mln tonnes of barley. This compares
+  with 1.28 mln and 868,700 tonnes last season.
+      The market is expecting prices, particularly wheat, to stay
+  buoyant for the remaining few months of the season. If supplies
+  become more difficult and prices strengthen further, feed
+  compounders may increase cereal substitute usage, traders said.
+  
+
diff --git a/reuters/training/12973 b/reuters/training/12973
new file mode 100644
index 0000000000000000000000000000000000000000..3881521d4e37414924ea650db31633053a0e0ad5
--- /dev/null
+++ b/reuters/training/12973
@@ -0,0 +1,13 @@
+CALIFORNIA FIRM HAS FIVE PCT OF MODULAIRE <MODX>
+  PBS Building Systems of America Inc,
+  an Anaheim, Calif., company, told the Securities and Exchange
+  Commission it has acquired 150,000 shares of Modulaire
+  Industries, or 5.0 pct of the total outstanding common stock.
+      PBS, whose subsidiaries design, make, sell and lease
+  nonresidential relocatable modular buildings, said it bought
+  the stake for 855,768.75 dlrs "to acquire an equity interest in
+  Modulaire, while it evaluates Modulaire."
+      Depending on several factors, PBS said it may decide to buy
+  additional Modulaire common shares.
+  
+
diff --git a/reuters/training/12974 b/reuters/training/12974
new file mode 100644
index 0000000000000000000000000000000000000000..39e233853d6e856e9a41df58e79271fb6921052e
--- /dev/null
+++ b/reuters/training/12974
@@ -0,0 +1,7 @@
+BOISE CASCADE <BCC> COMPLETES SALE OF UNIT
+  Boise Cascade Corp said it
+  completed the previously announced sale of its Consumer
+  Packaging Division to Sonoco Products Co <SONO> for
+  approximately 175 mln dlrs.
+  
+
diff --git a/reuters/training/12978 b/reuters/training/12978
new file mode 100644
index 0000000000000000000000000000000000000000..536c1aea851ece7e2ebff16efd32515335c3833a
--- /dev/null
+++ b/reuters/training/12978
@@ -0,0 +1,11 @@
+KENTUCKY CENTRAL TO DECLARE STOCK DIVIDEND
+  Kentucky Central Life INsurance Co
+  said the company said it will declare a 200 pct stock dividend
+  on Monday.
+      Accordingly, it said it filed a registration statement with
+  the Securities and Exchange COmmission for a proposed offering
+  of three mln shares of its class a non-voting common stock,
+  which reflects the anticipated dividend.
+      Proceeds will be used for general purposes.
+  
+
diff --git a/reuters/training/1298 b/reuters/training/1298
new file mode 100644
index 0000000000000000000000000000000000000000..7dc810e7919e8f0fe4e37f462ebde558a645f6db
--- /dev/null
+++ b/reuters/training/1298
@@ -0,0 +1,6 @@
+MCA INC <MCA> SETS REGULAR QTRLY PAYOUT
+  Qtrly div 17 cts vs 17 cts prior
+      Pay April 13
+      Record March 25
+  
+
diff --git a/reuters/training/12980 b/reuters/training/12980
new file mode 100644
index 0000000000000000000000000000000000000000..85ad9fd2cd6cb71dcaed553c372659ac290168f9
--- /dev/null
+++ b/reuters/training/12980
@@ -0,0 +1,14 @@
+CHILE, CHINA TO ESTABLISH PEKING COPPER PLANT
+  The Chilean state copper corporation,
+  Codelco, the privately-owned Chilean copper fabricator Madeco
+  and Chinese interests are to establish a copper tube plant in
+  Peking, Codelco's U.K. Subsidiary Chile Copper Ltd said.
+      The plant is designed to produce 5,000 tonnes in the first
+  five years and 8,000 tonnes as from year six. Total investment
+  is estimated at 10 mln dlrs, of which the Chileans will
+  contribute two mln.
+      Codelco and Madeco have formed the Chilean Wrought Copper
+  Company to take a 50 pct stake in a new company called Peking
+  Santiago Tube Company with the Chinese holding the other half.
+  
+
diff --git a/reuters/training/12981 b/reuters/training/12981
new file mode 100644
index 0000000000000000000000000000000000000000..8ee3469df77e4cd12e2b132c4a55325dae559d3a
--- /dev/null
+++ b/reuters/training/12981
@@ -0,0 +1,24 @@
+ALLIED-SIGNAL <ALD> TO SELL ELECTRONICS UNIT
+  Allied-Signal Inc said it
+  agreed to sell its Amphenol Products unit to a subsidiary of
+  LPL Investments Group <LPLI>, a Wallingford, Conn., investment
+  company, for 430 mln dlrs cash.
+      Closing is expected soon, pending appropriate approvals,
+  the company said. LPL indicated that at closing, warrants will
+  be sold which, when exercised, will reduce its stake in the
+  subsidiary, Amphenol Acquisition Co, to 60 pct, the company
+  said.
+      Lisle, Ill.-based Amphenol had 1986 sales of about 500 mln
+  dlrs. It makes brand name interconnection products.
+      LPL also said Merrill Lynch and Co has committed to buy 175
+  mln dlrs of subordinated and preferred debt in the new LPL
+  unit, according to Allied-Signal. Canadian Imperial Bank of
+  Commerce has committed up to 340 mln dlrs in senior debt
+  financing, it said.
+      Allied-Signal said in December it was offering for sale
+  Amphenol and six other operating units in its electronics and
+  instrumentation sector.
+      Merrill Lynch, Needham and Co and Lazard Freres served as
+  financial advisors, it said.
+  
+
diff --git a/reuters/training/12982 b/reuters/training/12982
new file mode 100644
index 0000000000000000000000000000000000000000..914d48f969f1f66f59f149cafaabbb2565e4f2ff
--- /dev/null
+++ b/reuters/training/12982
@@ -0,0 +1,6 @@
+JAPANESE CRUSHERS BUY CANADIAN RAPESEED
+  Japanese crushers bought 4,000 to 5,000
+  tonnes of Canadian rapeseed in export business overnight for
+  May shipment, trade sources said.
+  
+
diff --git a/reuters/training/12986 b/reuters/training/12986
new file mode 100644
index 0000000000000000000000000000000000000000..ac83d1ef430f323d83f745591b041814945aca06
--- /dev/null
+++ b/reuters/training/12986
@@ -0,0 +1,32 @@
+PORTUGAL'S GDP FORECAST TO GROW FOUR PCT THIS YEAR
+  Portugal's Gross Domestic Product (GDP)
+  will grow around four pct this year, the same rate as in 1986,
+  according to a Bank of Portugal forecast.
+      Total investment this year, the country's second as a
+  member of the European Community (EC), will rise nearly 10 pct,
+  again the same rate as last year, the central bank study said.
+      It added that Portugal's current account was forecast to
+  show a surplus of 400 mln dlrs this year compared with 1.13
+  billion in 1986 and 369 mln the previous year.
+      Last year's high surplus was attributed to cheaper oil and
+  raw materials, lower world interest rates and a weaker dollar.
+      Imports by volume were forecast to grow 10 pct this year
+  and exports four pct compared with increases of 16.5 pct and
+  6.6 pct respectively in 1986, the bank said.
+      The forecasts were calculated on the assumption that the
+  non-expansionary monetary policy carried out by the current
+  government would be maintained, particularly in budget spending
+  and income and in wage policy.
+      The bank added that the 1987 forecasts were also based on
+  the assumption that the international economic situation and
+  Portugal's world trade relations would remain more or less the
+  same as in 1986.
+      The central bank said the high rate of investment estimated
+  for 1986 was due to government policies and to increasing
+  optimism among firms whose financial situation had improved
+  since 1985. This tendency was expected to continue this year,
+  especially in the construction and public works sectors.
+      Financial aid from the EC had also helped to boost
+  investment last year, the bank said.
+  
+
diff --git a/reuters/training/12987 b/reuters/training/12987
new file mode 100644
index 0000000000000000000000000000000000000000..03d5ba7db3f697bcf6f9c57e7f5cd312470aa975
--- /dev/null
+++ b/reuters/training/12987
@@ -0,0 +1,24 @@
+ASAMERA <ASM> TO FORM NEW MINING UNIT
+  Asamera Inc said it will
+  transfer all its mineral interests into a new wholly owned
+  subsidiary, Asamera Minerals Inc, which will later issue up to
+  15 pct of its shares to the public.
+      The mineral interests will include Asamera's 51 pct
+  interest in the Cannon gold mine in Wenatchee, Wash. Asamera
+  said the mine produced 116,514 ounces of gold in 1986 and is
+  expected to produce 130,000 to 140,000 ounces this year.
+      Asamera said its talks with Breakwater Resources Ltd
+  <BWRLF> on a possible merger of mining interests, including the
+  Cannon mine, have been terminated. It did not elaborate.
+       
+      Asamera said holding all its mineral properties in a
+  separate company will give better and more direct recognition
+  to the value of the assets.
+      Its other mining interests include gold exploration
+  prospects on 13,000 acres in Inyo County, Calif., and 500,000
+  acres in Canada's Northwest Territories, the Gooseberry gold
+  and silver mine in Nevada, chromite properties in northern
+  California and Newfoundland, and a platinum prospect in the
+  Rankin Inlet, Northwest Territories.
+  
+
diff --git a/reuters/training/12988 b/reuters/training/12988
new file mode 100644
index 0000000000000000000000000000000000000000..7e0faf15545dbbf1ee4928ffb7adacc56de3237e
--- /dev/null
+++ b/reuters/training/12988
@@ -0,0 +1,13 @@
+OCCIDENTAL <OXY> UNIT SELLS DIVISION
+  Occidental Petroleum Corp's
+  Occidental Chemcial Corp said it sold the Process chemicals
+  division it acquired as part of the September 1986  purchase of
+  Diamond Shamrock Chemicals to Henkel KGAA of Dusseldorf, West
+  Germany.
+      Terms were not disclosed.
+      The division makes specialty industrial chemicals, it said.
+      Later, industry sources said the division, which had
+  worldwide sales of some 160 mln dlrs last year, was sold for
+  just under 200 mln dlrs.
+  
+
diff --git a/reuters/training/1299 b/reuters/training/1299
new file mode 100644
index 0000000000000000000000000000000000000000..3a304264948f12134957b12b3e9359cc810326bd
--- /dev/null
+++ b/reuters/training/1299
@@ -0,0 +1,58 @@
+SOVIET GRAINS SEEN ENTERING SPRING ON SHAKY NOTE
+  Soviet winter grains could be off to
+  a faulty start this spring after enduring an usually dry fall
+  and cold winter, weather and crop analysts said.
+      Prospects for another near-record grain harvest in the
+  Soviet Union appear dim at this point, but it is premature to
+  forecast any major crop problems, analysts said.
+      But the situation bears careful watching over the next six
+  weeks and will ultimately impact the Soviet grain supply and
+  future buying plans, analysts of the Soviet Union said.
+      "From a weather standpoint, you can say with certainty that
+  the Soviets are not getting off to a good start and will have a
+  lower crop (than last year)," Gail Martell, chief meteorologist
+  for E.F. Hutton said.
+      The next six weeks in the USSR's grain growing areas will
+  be the crucial period that will determine the final outcome of
+  the winter crops, Martell and other analysts said.
+      "Where the crop is really made or broken is still ahead of
+  us," an Agriculture Department authority on the USSR said.
+      The Soviet Union recently reported that nine mln hectares
+  of winter grain will have to be reseeded due to winterkill.
+  This would be equal to about 25 pct of the total winter crop
+  and would be the second highest winterkill in ten years, the
+  USDA analyst said.
+      With a timely spring, Soviet farmers would probably be able
+  to reseed the damaged acreage with spring crops, but analysts
+  noted that spring crops normally yield lower than winter crops
+  -- sometimes as much as 30-35 pct lower.
+      Normally winterkill is caused by inadequate snowcover
+  combined with cold temperatures. This winter, however,
+  snowcover in Soviet grain areas has generally been excellent,
+  so the bulk of winterkill, analysts speculate, likely has been
+  due to a very dry fall and subsequent poor crop germination.
+      "Fall dryness may be a problem. There's a good correlation
+  between mediocre crops and fall dryness," Martell said.
+      Precipitation last fall was as little as 25 pct of normal
+  in southern and northern Ukraine, and below normal over the
+  entire winter crop area, she said.
+      Recent cold temperatures in grain areas in which the
+  snowcover has been gradually melting could also have caused 
+  problems of ice-crusting and winterkill, Jim Candor, senior
+  forecaster for Accu Weather, said.
+      Livestock feed needs have probably increased because of the
+  fall and winter, analysts said. The dry fall damaged pastures,
+  the cold winter raised feed demands and a late spring would
+  require longer off-pasture feeding, they said.
+      "The Soviets are not in a desperate situation ... they
+  don't have to buy (grains) now," a USDA official said.
+      But if the Soviets are worried about their winter crops and
+  if they feel that last year's huge crop of 210 mln tonnes was a
+  one-time fluke brought on by perfect conditions, more Soviet
+  buying might occur to insure crop supplies, he said.
+      Bad weather during the next six weeks could push the
+  Soviets back into the market, weather analysts said.
+      "A lot of winterkill could occur during the next month and
+  a half," Martell said.
+  
+
diff --git a/reuters/training/12992 b/reuters/training/12992
new file mode 100644
index 0000000000000000000000000000000000000000..479ba3f2421cfbeef735f1e81e8107ce8d876d53
--- /dev/null
+++ b/reuters/training/12992
@@ -0,0 +1,19 @@
+NORANDA MINE SEEN BELOW FULL OUTPUT FOR MONTHS
+  Noranda Inc said production
+  will remain shut down at its fire-damaged copper mine here
+  until it can completely examine the mine.
+      If it decides to keep the mine open it would take four or
+  five months before it could resume full production.
+      Company spokesman Dale Coffin said the investigation could
+  take from a few days to several weeks but would not be more
+  specific.
+      Noranda said when it resumes production it plans to operate
+  the mine at about one-third of the normal 72,000 tonnes annual
+  finished capacity.
+      The fire, which started Wednesday and burned itself out
+  late yesterday weakened part of the mine's support structure,
+  Coffin said.
+      One miner was killed and 56 others were trapped underground
+  for about 24 hours before being brought safely out.
+  
+
diff --git a/reuters/training/12995 b/reuters/training/12995
new file mode 100644
index 0000000000000000000000000000000000000000..a9bc92736afe561c528b31fb3bdb8dd637445446
--- /dev/null
+++ b/reuters/training/12995
@@ -0,0 +1,14 @@
+U.K. FIRM UPS ITALY FUND <ITA> STAKE TO 12 PCT
+  Lloyds Investment Managers Ltd, a
+  London-based investment firm, said it raised it stake in Italy
+  Fund to 760,500 shares, or 12.0 pct of the total outstanding
+  common stock, from 466,000 shares, or 7.4 pct.
+      In a filing with the Securities and Exchange Commission,
+  Lloyds said it bought the additional 294,500 Italy Fund common
+  shares since November 7 for a total of 3.3 mln dlrs. Another
+  70,000 shares of the stake are held by an affiliate, it said.
+      It said its dealings in Italy Fund stock are for investment
+  purposes only and that it has no current plans to increase or
+  decrease its current stake.
+  
+
diff --git a/reuters/training/12996 b/reuters/training/12996
new file mode 100644
index 0000000000000000000000000000000000000000..97f9e464308d7bd35e2c42fe20a1cae8d37ebded
--- /dev/null
+++ b/reuters/training/12996
@@ -0,0 +1,12 @@
+INVESTOR HAS FIVE PCT OF SAGE DRILLING <SAGE>
+  Arthur Appleton, a Chicago investor,
+  told the Securities and Exchange Commission he has acquired
+  39,000 shares of Sage Drilling Co Inc, or 5.1 pct of the total
+  outstanding common stock.
+      Appleton said he bought the stock for 116,554 dlrs for
+  investment purposes.
+      Depending on several circumstances, Appleton said he may
+  buy more Sage common shares, or sell some or all of his current
+  stake.
+  
+
diff --git a/reuters/training/13 b/reuters/training/13
new file mode 100644
index 0000000000000000000000000000000000000000..4b0ce0c2bdafae71ced49bbefea2f83460be7289
--- /dev/null
+++ b/reuters/training/13
@@ -0,0 +1,18 @@
+AM INTERNATIONAL INC <AM> 2ND QTR JAN 31
+  Oper shr loss two cts vs profit seven cts
+      Oper shr profit 442,000 vs profit 2,986,000
+      Revs 291.8 mln vs 151.1 mln
+      Avg shrs 51.7 mln vs 43.4 mln
+      Six mths
+      Oper shr profit nil vs profit 12 cts
+      Oper net profit 3,376,000 vs profit 5,086,000
+      Revs 569.3 mln vs 298.5 mln
+      Avg shrs 51.6 mln vs 41.1 mln
+      NOTE: Per shr calculated after payment of preferred
+  dividends.
+      Results exclude credits of 2,227,000 or four cts and
+  4,841,000 or nine cts for 1986 qtr and six mths vs 2,285,000 or
+  six cts and 4,104,000 or 11 cts for prior periods from
+  operating loss carryforwards.
+  
+
diff --git a/reuters/training/130 b/reuters/training/130
new file mode 100644
index 0000000000000000000000000000000000000000..7a04972c710f57559467a68fdc85971b12149c29
--- /dev/null
+++ b/reuters/training/130
@@ -0,0 +1,21 @@
+COLECO INDUSTRIES <CLC> SEES PROFIT IN 1987
+  Coleco Industries Inc said
+  it expects to return to profitability in 1987.
+      Earlier, Coleco reported a net loss of 111.2 mln dlrs for
+  the year ended December 31 compared to a profit of 64.2 mln
+  dlrs in the year earlier.
+      In a prepared statement, the company said the dramatic
+  swing in operating results was due primarily to the steep
+  decline in sales of Cabbage Patch Kids products from 600 mln
+  dlrs to 230 mln dlrs.
+      Coleco said it changed from a single product company to a
+  more diversified organization through four major acquisitions
+  last year.
+      Products from the new acquisitions and other new product
+  introductions are expected to enable it to return to
+  profitability, it said.
+      At the annual Toy Fair earlier this month, vice president
+  Morton Handel said analysts' 1987 projected earnings of 90 cts
+  a share on sales of 600 mln dlrs are reasonable.
+  
+
diff --git a/reuters/training/1300 b/reuters/training/1300
new file mode 100644
index 0000000000000000000000000000000000000000..888f48d773d45ede83833cef0a6c021e8cb15ce3
--- /dev/null
+++ b/reuters/training/1300
@@ -0,0 +1,14 @@
+ALCAN (AL) TO CLOSE WEST GERMAN SMELTER
+  (Alcan Aluminium Ltd) is closing its
+  aluminum smelter in Ludwigshafen, West Germany this June due to
+  high operating costs, an Alcan spokesman said.
+      The smelter, near Frankfurt, had annual capacity of about
+  44,000 metric tons but was operating at about half that in
+  January, spokesman Fernand Leclerc said.
+      Leclerc said Alcan decided it would cost too much to
+  modernize the plant.
+      He said there is a possibility the company will sell the
+  smelter, which currently employs 320 people, before its
+  scheduled closing.             
+  
+
diff --git a/reuters/training/13003 b/reuters/training/13003
new file mode 100644
index 0000000000000000000000000000000000000000..4441622e050a6e8411ac5bae82350ea904412b95
--- /dev/null
+++ b/reuters/training/13003
@@ -0,0 +1,21 @@
+NORANDA SETS TEMPORARY MINE SHUTDOWN
+  <Noranda Inc> said
+  production will remain shut down at its fire-damaged copper
+  mine here until it can completely examine the mine.
+      The fire, which started Wednesday and burned itself out
+  late yesterday, killed one miner and trapped 56 others
+  underground for about 24 hours. The 56 were eventually brought
+  safely out of the mine.
+      Company spokesman Dale Coffin said the investigation could
+  take from a few days to several weeks, but would not be more
+  specific.
+      Noranda said that, when it resumes production, it plans to
+  operate the mine at about one-third of the normal 72,000 metric
+  tons annual finished capacity.
+      The fire weakened part of the mine's support structure,
+  Coffin said.
+      Noranda said if it decides to keep the mine open, it would
+  take four or five months before it could resume full
+  production.
+  
+
diff --git a/reuters/training/13005 b/reuters/training/13005
new file mode 100644
index 0000000000000000000000000000000000000000..39e0e145bf82e2aac003bf28b6f26c915244f3ef
--- /dev/null
+++ b/reuters/training/13005
@@ -0,0 +1,13 @@
+CIS TECHNOLOGIES<CIH> TO SELL SHARES TO SWISS CO
+  CIS Technologies Inc said it
+  executed a formal share purchase agreement with Swiss
+  Reinsurance Co of Zurich, Switzerland.
+      Under terms of the agreement, Swiss Re will acquire 5.5 mln
+  newly issued CIS stock at 2.50 dlrs a share, or 13.8 mln dlrs.
+  This purchase represents 30 pct of the outstanding shares.
+      Swiss Re will acuqire 500,000 of the shares immediately and
+  remaining shares will be bought after a due diligence report is
+  completed by auditors.
+      The transaction is expected to be complete by June 11.
+  
+
diff --git a/reuters/training/13006 b/reuters/training/13006
new file mode 100644
index 0000000000000000000000000000000000000000..048add42a82106c85b8bb1ed86ac638a897e6950
--- /dev/null
+++ b/reuters/training/13006
@@ -0,0 +1,6 @@
+COPLEY PROPERTIES INC <COP> INCREASES DIVIDEND
+  Qtly div 42 cts vs 41.5 cts prior
+      Payable APril 28
+      Record April 14
+  
+
diff --git a/reuters/training/13007 b/reuters/training/13007
new file mode 100644
index 0000000000000000000000000000000000000000..7f70b2e685ab6b4b9aea91173aca22fe21ca2042
--- /dev/null
+++ b/reuters/training/13007
@@ -0,0 +1,12 @@
+COLOMBIAN INFLATION STABLE AT AROUND 20 PCT
+  Colombia's cost of living index rose 2.71
+  pct in March, after a 2.03 pct increase in February and a 2.21
+  pct rise in March 1986, the government statistics institute
+  said.
+      The result brought year-on-year inflation to 20.36 pct
+  compared with 22.65 pct at end-March 1986 and 19.77 pct for the
+  year ending February 1987.
+      The government has predicted that inflation this year would
+  be slightly lower than in 1986 when it reached 20.9 pct.
+  
+
diff --git a/reuters/training/13008 b/reuters/training/13008
new file mode 100644
index 0000000000000000000000000000000000000000..f59bc179398e8894ec52d0f6a57963fd02d10e53
--- /dev/null
+++ b/reuters/training/13008
@@ -0,0 +1,25 @@
+FHLBB SAYS MORTGAGE RATES CONTINUE DECLINE
+  The Federal Home Loan Bank Board said
+  home mortgage rates fell from early February to early March to
+  their lowest point in nine years, but the rate of decline was
+  slower than it had been in recent months.
+      The bank board said the average effective commitment rate
+  for fixed-rate mortgages for single family homes and a 25 pct
+  loan-to-price ratio with a maturity of at least 15 years was
+  9.48 pct in early March.
+      The rate was four basis points lower than a month ago, only
+  one-eighth the size of decline in the previous month, the bank
+  board said.
+      Rates for adjustable-rate mortgages decline eight basis
+  points from early February to 8.43 pct in early March, the bank
+  board said. The drop was far less than the 15 basis point
+  decline in the previous period, the agency said.
+      The average effective interest rate on all loans closed by
+  major mortgage lenders declined nine basis points from early
+  February to early March, the agency said. The fall brought the
+  rate to 9.14 pct was the lowest since December 1977, it said.
+      The effective rate for ARMS was 8.39 pct, 15 basis points
+  below a month earlier. For fixed-rate loans it was 9.36 pct, 14
+  basis points below a month earlier, the agency said.
+  
+
diff --git a/reuters/training/1301 b/reuters/training/1301
new file mode 100644
index 0000000000000000000000000000000000000000..acb5581904e9d4cc36455df43ba22680764bda6f
--- /dev/null
+++ b/reuters/training/1301
@@ -0,0 +1,15 @@
+ROYAL RESOURCES CORP <RRCO> 2ND QTR DEC 31 LOSS
+  Shr loss 72 cts vs loss 1.48 dlrs
+      Net loss 4,466,006 vs loss 9,091,688
+      Revs 608,181 vs 1,280,727
+      Avg shrs 6,194,000 vs 6,155,461
+      First half
+      Shr loss 77 cts vs loss 1.51 dlrs
+      Net loss 4,752,455 vs loss 9,265,457
+      Revs 1,444,149 vs 2,791,188
+      Avg shrs 6,174,731 vs 6,155,461
+      NOTE: Losses include charges of 4.0 mln dlrs in both 1986
+  periods vs 14.4 mln dlrs in both 1985 periods for write-down of
+  oil and gas properties
+  
+
diff --git a/reuters/training/13010 b/reuters/training/13010
new file mode 100644
index 0000000000000000000000000000000000000000..675d039280b1149fe22eb862ae6973c93db5f810
--- /dev/null
+++ b/reuters/training/13010
@@ -0,0 +1,5 @@
+CANADIAN MONEY SUPPLY M-1 FALLS 291 MLN DLRS IN WEEK, BANK OF CANADA SAID
+
+  CANADIAN MONEY SUPPLY M-1 FALLS 291 MLN DLRS IN WEEK, BANK OF CANADA SAID
+  
+
diff --git a/reuters/training/13011 b/reuters/training/13011
new file mode 100644
index 0000000000000000000000000000000000000000..a02b296c554f68186d01bd69493211f4cb7c83d7
--- /dev/null
+++ b/reuters/training/13011
@@ -0,0 +1,14 @@
+BENEFICIAL <BNL> UNIT SALE APPROVED
+  Beneficial Corp said the sale of its
+  American Centennial Insurance Co subsidiary to <First Delaware
+  Holdings Inc> was approved by the Delaware Insurance
+  Department.
+      Under the transaction, American Centennial will receive a
+  cash infusion of 200 mln dlrs, including the settlement of tax
+  sharing agreements with Beneficial Corp, Beneficial said.
+      It will also receive 25 mln dlrs from Beneficial
+  International Insurance Co, another Beneficial subsidiary being
+  purchased by the management-led group of First Delaware, the
+  company said.
+  
+
diff --git a/reuters/training/13014 b/reuters/training/13014
new file mode 100644
index 0000000000000000000000000000000000000000..fa7ff3f8675188570064e9d56a8620c813266851
--- /dev/null
+++ b/reuters/training/13014
@@ -0,0 +1,8 @@
+<ITT CANADA LTD> YEAR NET
+  Shr 5.56 dlrs vs 3.88 dlrs
+      Net 47.5 mln vs 33.2 mln
+      Revs 254.5 mln vs 243.5 mln
+      Note: shr after preferred dividends
+      ITT Corp <ITT> owns 100 pct of ITT Canada common shares
+  
+
diff --git a/reuters/training/13019 b/reuters/training/13019
new file mode 100644
index 0000000000000000000000000000000000000000..4a74183bfd8a0c4ca9d63ad68b6395239631b34a
--- /dev/null
+++ b/reuters/training/13019
@@ -0,0 +1,28 @@
+CANADIAN MONEY SUPPLY FALLS IN WEEK
+  Canadian narrowly-defined money supply
+  M-1 fell 291 mln dlrs to 32.44 billion dlrs in the week ended
+  March 25, Bank of Canada said.
+      M-1-A, which is M-1 plus daily interest chequable and
+  non-personal deposits, fell 7 mln dlrs to 75.14 billion dlrs
+  and M-2, which is M-1-A plus other notice and personal
+  fixed-term deposits, fell 56 mln dlrs to 177.54 billion dlrs.
+      M-3, which is non-personal fixed term deposits and foreign
+  currency deposits of residents booked at chartered banks in
+  Canada, rose 321 mln dlrs to 216.67 billion dlrs.
+      Chartered bank general loans outstanding fell 169 mln dlrs
+  to 126.03 billion dlrs.
+      Canadian liquid plus short term assets rose 72 mln dlrs to
+  36.47 billion dlrs and total Canadian dollar major assets of
+  the chartered banks rose 507 mln dlrs to 224.22 billion dlrs.
+      Chartered bank net foreign currency assets fell 231 mln
+  dlrs to minus 2.00 billion dlrs.             
+      Notes in circulation totalled 16.16 billion dlrs, up 50 mln
+  dlrs from the week before.
+      Government cash balances fell 1.17 billion dlrs to 4.63
+  billion dlrs in week ended April 1.
+      Government securities outstanding rose 1.09 billion dlrs to
+  226.42 billion dlrs in week ended April 1, treasury bills rose
+  1.35 billion dlrs to 76.95 billion dlrs and Canada Savings
+  Bonds fell 47 mln dlrs to 43.87 billion dlrs.         
+  
+
diff --git a/reuters/training/13021 b/reuters/training/13021
new file mode 100644
index 0000000000000000000000000000000000000000..47671536aa599ee57d17ffade7e35b6685b11672
--- /dev/null
+++ b/reuters/training/13021
@@ -0,0 +1,24 @@
+UNION TO PROTEST DART'S SUPERMARKETS <SGL> BID
+  The United Food And Commercial
+  Workers said that more than 1,000 rank-and-file members of the
+  union will demonstrate Monday at Dart Group Corp's headquarters
+  protesting Dart's proposed 1.73 billion dlr takover of
+  Supermarkets General <SGL>.
+      Supermarkets is best known for its Pathmark chain of
+  supermarket drug stores in the New York and New Jersey area and
+  also owns Rickels home centers.
+      The union said that it is firmly against the Dart bid
+  because "workers have always ended up with a raw deal in the
+  current takeover mania."
+      A Union statement said: "We do not intend to allow our
+  members to pick up the tab for Supermarket General's executives
+  and the bankers or the Dart Group who stand to make millions."
+      Dart is controlled by the Haft family of Washington, which
+  last year made a bid for California-based Safeway Stores Inc.
+  The Hafts lost, but walked away with at least 100 mln dlrs in
+  profits, analysts estimate.
+      The union said that Dart's Safeway bid forced a major
+  restructuring at Safeway to pay the Hafts and their lawyers and
+  caused a loss of thousands of jobs.
+  
+
diff --git a/reuters/training/13023 b/reuters/training/13023
new file mode 100644
index 0000000000000000000000000000000000000000..f91d6295e0a3cc03790d119dc3a42bd951a42d79
--- /dev/null
+++ b/reuters/training/13023
@@ -0,0 +1,24 @@
+FCS LABORATORIES <FCSI> TERMINATES DEAL TALKS
+  FCS Laboratories Inc said merger
+  discussions with an unnamed privately-held company in the
+  health care field have ended without an agreement.
+      The previously announced negotiations began last August,
+  the company said.
+      "It's disappointing to spend so much time on these
+  negotiations and have them fail," said FCS chairman Nicholas
+  Gallo III. "But the discussions could not produce a deal
+  acceptable to our board in the context of the company's
+  stronger financial position today as compared to six months
+  ago."
+      Gallo said FCS will stop actively seeking potential merger
+  partners, but will respond to serious inquiries.
+      "We are determined to follow our plan to restore this
+  company to profitability," he said. "To continue actively
+  searching for potential acquirers inherently forces us to
+  postpone the implementation of critical decisions which are
+  part of the plan."
+      The company, which has 4,475,930 common shares outstanding,
+  reaffirmed it expects to be profitable in the second half of
+  the fiscal year ending September 30, 1987.
+  
+
diff --git a/reuters/training/13024 b/reuters/training/13024
new file mode 100644
index 0000000000000000000000000000000000000000..96492b65dff5276c674382df1884d2ea09be9673
--- /dev/null
+++ b/reuters/training/13024
@@ -0,0 +1,13 @@
+WHITE HOUSE SAYS INTEREST RATES REFLECT MARKET
+  The White House said the rise in
+  interest rates was "unfortunate in a general sense" but reflected
+  market forces.
+      "There's always movement up and down and the basic fact is
+  that we believe the economy is strong and growing and there
+  will always be fluctuations in the interest rate, but the
+  economy is sound and in good shape," spokesman Marlin Fitzwater
+  said.
+      Citibank raised its prime rate by one quarter of a point
+  and the move was followed by other banks.
+  
+
diff --git a/reuters/training/13025 b/reuters/training/13025
new file mode 100644
index 0000000000000000000000000000000000000000..64e2a7de9c27f3dbbc58ee48a5d82b349871894d
--- /dev/null
+++ b/reuters/training/13025
@@ -0,0 +1,9 @@
+REGAL PETROLEUM LTD <RPLO> YEAR
+  Shr loss nine cts
+      Net loss 1.4 mln
+      Revs 630,118 dlrs
+      NOTE:Due to change in fiscal year, prior 4th qth and year
+  cannot be presented on comparable basis. 1986 loss includes
+  writedowns approximating 1.4 mln dlrs.
+  
+
diff --git a/reuters/training/13026 b/reuters/training/13026
new file mode 100644
index 0000000000000000000000000000000000000000..e37ad9e891a2808a6d94bd645f008a1cde1efdaa
--- /dev/null
+++ b/reuters/training/13026
@@ -0,0 +1,8 @@
+CANTERBURY PRESS INC YEAR NOV 30
+  Shr 1.1 cts vs 1.7 cts
+      Net 26,708 vs 35,084
+      Revs 447,548 vs 243,161
+      NOTE:1986 net includes 4,300 dlrs gain from tax credit and
+  1985 includes gain of 8,300 dlrs gain from credit.
+  
+
diff --git a/reuters/training/13027 b/reuters/training/13027
new file mode 100644
index 0000000000000000000000000000000000000000..fe2bb7e8da022810909cef02bebe7a54927b4625
--- /dev/null
+++ b/reuters/training/13027
@@ -0,0 +1,8 @@
+GRAPHIC MEDIA INC <GMED> YEAR
+  Shr nine cts vs 19 cts
+      Net 188,000 vs 362,000
+      Revs 20.4 mln vs 11.3 mln
+      NOTE:1985 restated for reversal of certain tax benefits.
+  1986 and 1985 reflects preferred stock dividend requirements.
+  
+
diff --git a/reuters/training/1303 b/reuters/training/1303
new file mode 100644
index 0000000000000000000000000000000000000000..bc10ecf6f832e0e03128fc400fa1de110852d0e3
--- /dev/null
+++ b/reuters/training/1303
@@ -0,0 +1,17 @@
+HANSON TRUST <HAN> COMPLETES KAISER PURCHASE
+  Hanson Trust PLC said Kaiser Cement
+  shareholders today approved the previously announced merger
+  agreement making Kaiser Cement an indirect wholly owned unit of
+  Hanson Trust.
+      Hanson said that promptly following the filing of the
+  certificate of merger Kaiser Cement common shares will be
+  delisted from the New York Stock Exchange.
+      Hanson also said, in accordance with the merger agreement
+  Kasier Cement also has redeemed all outstanding shares of its
+  1.375 dlr convertible preferance stocks and its outstanding 9
+  pct convertible debentures due 2005.
+      The acquisitions total purchase price (including cost of
+  financing the above-mentioned redemptions) will be about 250
+  mln dlrs, Hanson said.
+  
+
diff --git a/reuters/training/13031 b/reuters/training/13031
new file mode 100644
index 0000000000000000000000000000000000000000..ec981d0e1d14d58cbac3d6a8d94d9a2a93ae4907
--- /dev/null
+++ b/reuters/training/13031
@@ -0,0 +1,13 @@
+RICHARDSON ELECTRONICS <RELL> 3RD QTR FEB 28 NET
+  Shr 20 cts vs 20 cts
+      Net 1,981,000 vs 1,689,000
+      Rev 24.7 mln vs 19.6 mln
+      Nine months
+      Shr 59 cts vs 53 cts
+      Net 5,855,000 vs 4,360,000
+      Rev 70.9 mln vs 51.9 mln
+      NOTE: Fiscal 1986 per share data reflects dilutive effect
+  of shares issued for April 1986 convertible debenture
+  conversion. Company's full name is Richarson Electronics Ltd.
+  
+
diff --git a/reuters/training/13032 b/reuters/training/13032
new file mode 100644
index 0000000000000000000000000000000000000000..5b9677848c200b38d1ed091dff142d3231e21782
--- /dev/null
+++ b/reuters/training/13032
@@ -0,0 +1,7 @@
+DIVERSIFIED HUMAN RESROUCES GROUP <HIRE> YEAR
+  Shr loss five cts vs profit 72 cts
+      Net loss 79,069 vs profit 829,737
+      Revs 14.4 mln vs 14.1 mln
+      NOTE:1985 includes extraordainy credit of 11 cts.
+  
+
diff --git a/reuters/training/13036 b/reuters/training/13036
new file mode 100644
index 0000000000000000000000000000000000000000..020d00b9663d07542ff82a6f19e613f6dec9e724
--- /dev/null
+++ b/reuters/training/13036
@@ -0,0 +1,10 @@
+MID-STATE <MSSL>, FIRST FEDERAL IN DEAL
+  Mid-State Federal Savings and Loan
+  Association said it and First Federal Savings and Loan
+  Association of Brooksville <FFBV> reached a definitive merger
+  agreement.
+      As previously announced, Brooksville shareholders will get
+  cash and stock in exchange for their shares. The transaction is
+  expected to be completed during the summer 1987.
+  
+
diff --git a/reuters/training/13037 b/reuters/training/13037
new file mode 100644
index 0000000000000000000000000000000000000000..0bcaf20e5cd934d75c7be1aa5118fb9f0ff49f97
--- /dev/null
+++ b/reuters/training/13037
@@ -0,0 +1,14 @@
+MEMOTEC DATA COMPLETES TELEGLOBE ACQUISITION
+  <Memotec Data Inc> said it completed
+  the previously announced 488.3 mln dlr acquisition of Teleglobe
+  Canada from the federal government.
+      Memotec Data said Teleglobe, which has provided Canada's
+  overseas telecommunications services since 1950, now becomes
+  Teleglobe Canada Inc, a unit of Memotec.
+      Teleglobe president and chief executive Jean-Claude Delorme
+  will continue in the same post, the company said.
+      In addition to the sale price, the government will receive
+  Teleglobe's accumulated cash of 102 mln dlrs and a special 18
+  mln dlr dividend, making total proceeds 608.3 mln dlrs.
+  
+
diff --git a/reuters/training/13039 b/reuters/training/13039
new file mode 100644
index 0000000000000000000000000000000000000000..edd6db0ac0c7654bae90dd4c35464ab01551a920
--- /dev/null
+++ b/reuters/training/13039
@@ -0,0 +1,31 @@
+U.S., JAPANESE OPEN TALKS ON SEMICONDUCTORS
+  U.S. and Japanese officials meet
+  tomorrow to try to settle a dispute over semiconductor trade
+  and to cut short the 300 mln dlr penalty tariffs President
+  Reagan has ordered imposed on Japanese exports.
+      But U.S. officials held out little hope that any accord
+  could be reached before the tariffs of 100 per cent - up from
+  about five per cent - are to take effect on April 17.
+      The Customs Bureau last week started to levy a bond on the
+  Japanese goods that Reagan ordered penalized. The penalties
+  would be retroactive to March 31.
+      Reagan said on March 27 when ordering the tariffs that he
+  hoped the Japanese would soon end their unfair practices in
+  semiconductor trade and that sanctions could be lifted.
+      Technical meetings are to be held today and tomorrow, with
+  meetings at a more senior level scheduled for Thursday and
+  Friday. Public hearings on the sanctions are set for April 13.
+      The Japanese aides here for the technical talks include
+  Shigeru Muraoka, director-general of international trade policy
+  of the Ministry of International Trade and Industry (MITI), and
+  Masashi Yamamoto, deputy director-general of the information
+  and machinery bureau.
+      Meeting with them will Glen Fukushima, director of the
+  Japan office of the U.S. Trade Representative's Office, and Jim
+  Gradoville, of trade representative's office of industry and
+  services.
+      The two sides in the Thursday and Friday talks will be
+  headed by Deputy U.S. Trade Representative Michael Smith and
+  MITI vice minister Makoto Kuroda.
+  
+
diff --git a/reuters/training/13041 b/reuters/training/13041
new file mode 100644
index 0000000000000000000000000000000000000000..a2b837aff2e07e21074964ee572e88d06140254e
--- /dev/null
+++ b/reuters/training/13041
@@ -0,0 +1,14 @@
+AMERON <AMN> ADOPTS SHAREHOLDER RIGHTS PLAN
+  Ameron Inc said its board
+  adopted a rights plan designed to protect shareholders from
+  potentially unfair takeover tactics.
+      The plan calls for distribution of one right for each of
+  its outstanding common shares and each right entitles the
+  holder to buy one/one-hundredth of a share of newly authorized
+  Series A Junior Participating cumulative Preferred stock at an
+  exercise price of 55 dlrs, Ameron said.
+      It said the rights are exercisable if a group acquires 20
+  pct or more of its common stock or announces a tender offer for
+  30 pct or more of its shares.
+  
+
diff --git a/reuters/training/13043 b/reuters/training/13043
new file mode 100644
index 0000000000000000000000000000000000000000..102f6905bceb625918d8f40e78e5b413eaca1786
--- /dev/null
+++ b/reuters/training/13043
@@ -0,0 +1,10 @@
+FCS LABORATORIES <FCSI> ENDS MERGER TALKS
+  FCS Laboratories said its merger
+  talks with another unidentified company in the health care
+  field ended without agreement.
+      The talks began last August, the company said.
+      The company also said it will no longer actively seek out
+  potential merger partners, but will respond to serious
+  inquiries.
+  
+
diff --git a/reuters/training/13045 b/reuters/training/13045
new file mode 100644
index 0000000000000000000000000000000000000000..20683250f7b3f241f00d94dc84888bb540a04831
--- /dev/null
+++ b/reuters/training/13045
@@ -0,0 +1,25 @@
+UK MINISTER LOOKS TO EASE TENSION WITH JAPAN
+  The U.K. government hopes for a
+  breakthrough on the deadlock with Japan over trade policies
+  during next week's visit to Tokyo by Corporate Affairs Minister
+  Michael Howard, political sources said.
+      Howard, who leaves for Japan tomorrow, told Reuters he will
+  try to promote understanding on trade issues during his visit.
+      Meanwhile, Britain will re-examine a letter from Japanese
+  Prime Minister Yasuhiro Nakasone promising personal help in
+  solving the row over a U.K. firm's bid to win a significant
+  role in Japan's telecommunications market, government sources
+  said.
+      Tensions have risen following Britain's decision to arm
+  itself early with new statutory powers which it says could be
+  used against certain Japanese financial institutions.
+      Britain reacted optimistically at first to the letter from
+  Nakasone to Prime Minister Margaret Thatcher, seeing it as a
+  signal that he would work towards ensuring a satisfactory
+  outcome to the bid launched by Cable and Wireless Plc,
+  government officials said.
+      But this view has since been clouded by reports from Tokyo
+  that Nakasone's assurances really constituted little more than
+  politeness in the face of British anger, they added.
+  
+
diff --git a/reuters/training/13046 b/reuters/training/13046
new file mode 100644
index 0000000000000000000000000000000000000000..78b79d7df7639b798db4cde1d8d0ab2e36ef403b
--- /dev/null
+++ b/reuters/training/13046
@@ -0,0 +1,89 @@
+CONABLE WARNS PROTECTIONISM MIGHT SPREAD
+  World Bank President Barber Conable
+  expressed concern that trade protectionism, at the heart of a
+  new showdown between the United States and Japan, might spread
+  throughout the industrial world.
+      But in an interview with Reuters, Conable said the action
+  by the United States to slap tariffs on certain electronic
+  goods from Japan did not mean the countries were heading for a
+  full-scale trade war.
+      Conable said the World Bank has been pressing developing
+  countries to open their markets, arguing that a free trading
+  environment increased the possibility of global economic
+  growth.
+      "We have, in fact, been making adjustment loans to many
+  countries in the developing world which have encouraged the
+  opening of their markets and we want to be sure that the
+  developed world doesn't close at the same time," he said.
+      He said the U.S. action against Japan was "a significant
+  retaliatory step but it did not constitute a basic change in
+  trade policy."
+      The interview came just before next week's semi-annual
+  meetings of the Bank and the International Monetary Fund.
+      Referring to Brazil's recent interest payments moratorium,
+  Conable also said the global debt situation was very serious
+  and must be closely watched.
+      He said the Bank, which in the past has concentrated on
+  making loans that assist the basic underpinnings in the
+  developing world such as dams, roads and sewers, will
+  increasingly make assistance available for economic reform.
+      The Bank has increased these loans, in part because of the
+  debt crisis that has found countries desperately in need of new
+  funds for balance of payments adjustment and economic reforms
+  aimed at opening their markets, encouraging foreign investment
+  and reducing government's role in the economy.
+      "We're comfortable with adjustment lending, we expect,
+  however, that it will never reach a majority of our portfolio,"
+  Conable said.
+      He made clear, however, that adjustment lending would
+  continue to increase as a proportion of overall Bank lending
+  for some time.
+      He noted, "the problem of debt was a severe one and many
+  countries are asking for adjustment assistance because of the
+  problem of debt."
+      Conable, is a a former Republican Congressman from New York
+  chosen by President Reagan for the Bank position last year. He
+  is an associate of Treasury Secertary James Baker who launched
+  the U.S. strategy for shoring up indebted nations in October,
+  1985 which included a call for increased adjustment lending by
+  the World Bank.
+      Conable also said that he expected the result of a major
+  study of the Bank's organization to be completed in the next
+  several weeks.
+      He said the decision to seek a reorganization was based, in
+  part, on the fact that the Bank had come under fire from the
+  poorest countries for not doing enough to help and from the
+  richest countries because of inefficiency.
+      the reorganization is considered a major initiative by
+  Conable, and is being closely-watched by the agency's 151
+  member-countries as an indication of his management style and
+  priorities.
+      "I want to be sure this institution is viewed by those who
+  must support it as soundly constituted so that it will be
+  permitted to grow," Conable said.
+      However, he said "I don't believe there is anything
+  basically wrong with this institution and I don't believe it
+  has to have any redefinition of its purpose."
+      He said, however, that it was apparent that the debt
+  initiative proposed by Baker has given the Bank a central role
+  in dealing with the debt crisis.
+      Conable added that cooperation between the Bank and its
+  sister agency, the International Monetary Fund, was good and
+  that he talked often with IMF Managing Director Michel
+  Camdessus on a variety of issues.
+      On a personal level, Conable said that he not feel a need
+  to put his personal stamp on the Bank noting that "I don't have
+  a particular mission here except to be useful to the
+  institution and to the process of development."
+      He added, "so I don't feel a great calling to personalize
+  the institution."
+      On the development needs of sub-Sahara Africa, Conable said
+  that the Bank was constantly reviewing new ways for assisting
+  the region, noting that half of the recently agreed financing
+  of 12.4 billion dlrs for Bank's International Development
+  Association was earmarked for Africa.
+      Leading industrial nations are expected to consider new
+  forms of debt relief for the very poorest nations, like those
+  in the Sub-Sahara, during next week's meetings.
+  
+
diff --git a/reuters/training/13052 b/reuters/training/13052
new file mode 100644
index 0000000000000000000000000000000000000000..ebb475adb774500da9ed0b085a36418454f84e17
--- /dev/null
+++ b/reuters/training/13052
@@ -0,0 +1,15 @@
+MINAS DE ALMADEN RAISES MERCURY PRICE
+  Spain's Minas de Almaden y Arrayanes S.A.
+  has agreed with Algerian producer ENOF to establish a minimum
+  price of 300 dlrs per flask for spot mercury sales, Almaden
+  spokesman Jesus Gallego said.
+      In response to enquiries from Reuters, he said his company
+  had raised the minimum price for its spot sales from 240 dlrs
+  per flask following talks with ENOF.
+      In a separate press release, the company said that ENOF and
+  Almaden held talks in Istanbul a week ago with Turkish mercury
+  producers on ways to improve prices, but Gallego said he was
+  not in a position to say what action the Turkish companies
+  would be taking.
+  
+
diff --git a/reuters/training/13053 b/reuters/training/13053
new file mode 100644
index 0000000000000000000000000000000000000000..981d856fd09249052ee777c8062eb3a14f773afe
--- /dev/null
+++ b/reuters/training/13053
@@ -0,0 +1,86 @@
+U.S. JOBS DATA SAID TO RULE OUT FED TIGHTENING
+  A steep drop in goods-producing jobs
+  detracted from U.S. March non-farm payroll employment and makes
+  it unlikely that the Federal Reserve will tighten monetary
+  policy to defend the dollar, economists said.
+      U.S. March non-farm payroll employment rose 164,000, less
+  than the gain of 220,000 to 290,000 the financial markets
+  expected. Manufacturing employment fell 25,000, compared with
+  February's 50,000 gain, while March construction employment
+  dropped 45,000 after being unchanged in February.
+      "The momentum of industrial activity is tapering off as we
+  end the first quarter," said Stephen Roach of Morgan Stanley
+  and Co Inc. "This sets the stage for more sluggish growth in
+  the second and third quarters."
+      "The Fed will view this as a caution flag on the economy,"
+  he said. "They will not ease as long the dollar is weak, but
+  clearly they can't tighten."
+      David Wyss of Data Resources Inc said that the downward
+  revision in February non-farm payroll employment to 236,000
+  from 337,000 means that employment gains in the first quarter
+  were weaker than expected.
+      While Wyss left his first-quarter forecast of real U.S.
+  gross national product growth at 3.5 pct, he said the March
+  jobs data suggested a downward revision in his second-quarter
+  growth forecast to 2.5 pct from 2.8 pct.
+      Bill Sullivan of Dean Witter Reynolds Inc said the average
+  monthly gain in non-farm jobs in the first quarter was only
+  237,000, compared with 254,000 in the fourth quarter of 1986.
+      "There's momentum in first quarter labor force activity, 
+  but less than assumed," he said. "Gains in goods-producing jobs
+  were subdued at best. This rules out any possibilty of the Fed
+  tightening for exchange-related purposes."
+      In March, the average workweek fell back to its January
+  level of 34.8 hours from 35.0 hours in February. Manufacturing
+  hours also fell back to their January level, totalling 40.9
+  hours in March compared with 41.2 hours in February.
+      The Commerce Department noted that loss of manufacturing
+  jobs in March was concentrated in automobile, electrical and 
+  electronic manufacturing.
+      Robert Brusca of Nikko Securities International said that a
+  13,000 decline in auto manufacturing employment accounted for
+  nearly half of the total drop in manufacturing jobs.
+      Economists said that a build-up in auto inventories
+  resulting from a steep drop in sales has finally caught up with
+  the labor force and may point to slower growth ahead.
+      Most expect an increase in inventories of as much as five
+  pct to offset a steep four to five pct drop in final sales in
+  the first-quarter GNP accounts.
+      Roach said he expects first quarter U.S. GNP to rise two
+  pct, to be followed by a gain of 1.0-1.5 pct at best in the
+  second and third quarters. He said the March drop in industrial
+  activity "is a reasonable response in light of the inordinate
+  contribution inventory accumulation made to GNP."
+      Economists said the employment data also suggest weak gains
+  in industrial production and personal income for March.
+  They expect only marginal gains, if not small declines, for
+  these indicators, compared with a February increases of 0.5 pct
+  in industrial production and 0.9 pct in personal income.
+      Steve Slifer of Lehman Government Securities said the drop
+  in March construction employment may also signal a drop in
+  March housing starts, which rose 2.6 pct in February to 1.851
+  million units at an annual rate from 1.804 million units in
+  January.
+      The rate of unemployment fell to 6.6 pct, its lowest level
+  since March 1980, from 6.7 pct in February. But Wyss pointed
+  out that this resulted from a drop in the labor force, which 
+  fell to 119.2 mln in March from 119.35 mln in February.
+      "This just means that there were fewer people looking for
+  work, so the drop in unemployment doesn't mean much," he said.
+      He said the latest employment report will not concern the
+  Fed because it does points to GNP growth in the first half of
+  2.5-3.0 pct, but "it does suggest they can't afford to tighten
+  to quickly either."
+      The statistical factors used to smooth out seasonal
+  fluctuations in the jobs data may have understated March labor
+  force gains, just as seasonal factors probably overstated them
+  in January and February, Slifer said, but are consistent with
+  his forecast of 1.8 pct first quarter GNP growth.
+      Economic growth remains sluggish, but Silfer does not think
+  that the Federal Open Market Committee changed policy at their
+  meeting this week. "At some point they will be more inclined to
+  ease," he said. For the time being, however, the March
+  employment report "increases the likelihood they won't tighten,
+  regardless of the dollar."
+  
+
diff --git a/reuters/training/13054 b/reuters/training/13054
new file mode 100644
index 0000000000000000000000000000000000000000..fb2527ab50419dc81b42e63e0c5cbeddda1e1865
--- /dev/null
+++ b/reuters/training/13054
@@ -0,0 +1,13 @@
+BRISTOL-MYERS <BMY> REVIEWING SCIMED MERGER
+  SciMed Life Systems Inc <SMLS> said
+  Bristol-Myers Co is analyzing the pending lawsuit brought
+  against SciMed by <Advanced Cardiovascular Systems Inc> to
+  determine whether to consummate its previously announced plans
+  to merge with SciMed.
+      The company said its was served the suit in Minneapolis on
+  March 31, the day after it announced its definitive merger
+  agreement with Bristol-Myers.
+      SciMed said the suit, which alleges that SciMed infringed
+  on Advanced Cardiovascular patents, is without merit.
+  
+
diff --git a/reuters/training/13059 b/reuters/training/13059
new file mode 100644
index 0000000000000000000000000000000000000000..dd6769ae32b667bcf71e7cc78c3e56350f67a915
--- /dev/null
+++ b/reuters/training/13059
@@ -0,0 +1,6 @@
+US WEST <USW> HIKES DIVIDEND
+  Qtly div 82 cts vs 76 cts prior
+      Pay May 1
+      Record April 16
+  
+
diff --git a/reuters/training/1306 b/reuters/training/1306
new file mode 100644
index 0000000000000000000000000000000000000000..b742f67d22cd4c35a08255bc3c6fdda5df5619b0
--- /dev/null
+++ b/reuters/training/1306
@@ -0,0 +1,72 @@
+OIL PRICES RISE ON SAUDI EFFORT
+  Crude oil prices rallied today, moving
+  over 17.00 dlrs a barrel because of Saudi Arabia's determined
+  effort to support prices, analysts said.
+      "The Saudis and other OPEC nations are jawboning the market,
+  hoping to restore confidence and prices and to do this without
+  another meeting," said Sanford Margoshes, oil analyst with
+  Shearson Lehman Brothers Inc.
+      "But OPEC is not out of the woods yet by a longshot due to
+  seasonal declines in demand and some cheating," he added.
+      Oil industry analysts said Saudi Arabia has led the attempt
+  to get other OPEC members to resist pressures to discount from
+  the official prices agreed to last december.
+      The analysts said that to get others to hold the line,
+  Saudi Arabia pushed hard at the meeting of deputy oil ministers
+  of the Gulf Cooperation Council last weekend and at the
+  Cooperation Council oil ministers' meeting the previous week.
+      The Saudis have also offered to support members having
+  difficulty in selling their oil, analysts said.
+      "They are trying to make sure that no one discounts, and to
+  prevent that, it appears that Saudi Arabia or some other OPEC
+  member will allocate some of their oil sales to help members
+  that lose sales," Margoshes said.
+      He added that the allocations would probably be in the form
+  of loans to be repaid when these nations resume sales.
+      Analysts said this would be useful in keeping in line
+  nations like Qatar, which has had trouble selling oil. But it
+  is also likely that such assistance would be provided to
+  Nigeria which is under pressure to extend discounts.
+      Analysts said that Saudi Arabia, with assistance from OPEC
+  president Rilwanu Lukman, was trying to avoid an emergency OPEC
+  meeting for fear that it would give the appearance that the
+  December pact is falling apart.
+      Daniel McKinley, oil analyst with Smith Barney, Upham
+  Harris and Co said, "both physical and futures markets have been
+  oversold and it only took a small spark to bring on a short
+  covering rally."
+      He believes an Iranian trade mission to Tokyo, which
+  refused discounts to Japanese buyers, brought Japanese refiners
+  into the market to cover their short positions.
+      Oil traders said one japanese refiner came into the market
+  to but 10 cargoes of May Dubai, which sent prices up on Mideast
+  sours, with Dubai trading up to 16.50 dlrs after trading
+  yeterray as low as 15.63 dlrs and then spilled over into the
+  North sea crude oil market.
+      Traders said that there have been persistent rumors today
+  that Japanese buyers are looking to pick up cargoes of Brent
+  for Japan and European trade sources indidate rumors of vessels
+  being fixed to make such shipments.
+      North sea brent today rose over 17.00 dlrs with trades
+  reported as high as 17.05 dlrs, up one dlr.
+      OPEC members' denials that they are producing over their
+  quotas sparked moves to cover short postitions.
+      Indonesian oil minister Subroto said today that OPEC
+  production was below the 15.8 mln bpd quota agreed to last
+  december but he gave no details on OPEC production against
+  claims it was more at least one mln bpd above that level.
+      "The production probably is about their quota level and
+  largely because Saudi Arabia will not discount and canot sell
+  its oil as a result," Margoshes said.
+      Analysts have mixed opinions about the extent of the
+  current rally. Some believe prices can continue to rise if
+  Saudi Arabia and OPEC hold steady in a refusal to discount.
+      But others said that despite the rally today there were
+  still several fundamental factors, including demand, which
+  could cut the rally short.
+      Marion Stewart, an indepedent petroleum economist, said
+  slow growth in the economies of the U.S. and OECD would keep
+  demand for oil slack and he now estimates that demand to rise
+  about 1.4 pct over 1986.
+  
+
diff --git a/reuters/training/13060 b/reuters/training/13060
new file mode 100644
index 0000000000000000000000000000000000000000..5d57675a922d13ffb79aabc7fbb2cb752898a64b
--- /dev/null
+++ b/reuters/training/13060
@@ -0,0 +1,14 @@
+BELL PETROLEUM <BPSIO>, REGAL TO FORM PLAN
+  Bell Petroleum Services Inc said it
+  agreed to begin talks with Regal International Inc to form a
+  plan of reorganization under which Bell would become a
+  subsidiary of Regal.
+      The plan would be subject to Bankruptcy court approval due
+  to Bell's status as a debtor-in-possesion under Chapter 11. the
+  company's expect to file a plan by the end of May.
+      This agreement terminates litigation between the companies
+  concerning previous attempts at a plan of reorganization..
+      Bell is also free to continue talks with any third parties
+  interested in an acquisition, it said.
+  
+
diff --git a/reuters/training/13062 b/reuters/training/13062
new file mode 100644
index 0000000000000000000000000000000000000000..a067508bd9f795c1fa603c3efae6c4f42776b593
--- /dev/null
+++ b/reuters/training/13062
@@ -0,0 +1,11 @@
+HEALTHVEST <HVT> DECLARES THREE-WEEK DIVIDEND
+  Healthvest said its board declared
+  a dividend for the final three weeks of the March quarter of 14
+  cts, payable April 28 to holders of recrod April 15.
+      Previously, it dclared a special interim dividend of 42 cts
+  for January 1 to March 9 in connection with its recently
+  completed offering.
+      The combined dividend totals 56 cts for the March quarter,
+  an increase from the prior quarter's dividend of 55 cts
+  
+
diff --git a/reuters/training/13064 b/reuters/training/13064
new file mode 100644
index 0000000000000000000000000000000000000000..9376fb50e1ebcc1d6cc17ba9157e7b2ecd13066f
--- /dev/null
+++ b/reuters/training/13064
@@ -0,0 +1,16 @@
+CPI CORP <CPIC> 4TH QTR FEB 7 NET
+  Shr 43 cts vs 36 cts
+      Net 7,209,000 vs 5,574,000
+      Sales 77.7 mln vs 58.7 mln
+      Avg shrs 16,676,000 vs 15,478,000
+      Year
+      Shr 1.12 dlrs vs 1.10 dlrs
+      Net 18,371,000 vs 17,032,000
+      Sales 257.5 mln vs 198.3 mln
+      Avg shrs 16,411,000 vs 15,433,000
+      NOTE: Year-ago period ended Feb 1, 1986
+      Full-year earnings include gains from discontinued
+  operations of 184,000 dlrs, or one ct a share vs 3,143,000
+  dlrs, or 20 cts a share
+  
+
diff --git a/reuters/training/13067 b/reuters/training/13067
new file mode 100644
index 0000000000000000000000000000000000000000..5fae0b244f449f537920e83bd79071f8bf9d3bdd
--- /dev/null
+++ b/reuters/training/13067
@@ -0,0 +1,10 @@
+ADM GRAIN ELEVATOR EXPLODES IN BURLINGTON, IOWA
+  A grain elevator in Burlington, Iowa,
+  exploded today, leaving five injured.
+      The elevator, operated by Archer Daniels Midland Co. of
+  Decatur, Ill., is a terminal elevator on the Mississippi River,
+  Doug Snyder, assistant to the vice president said.
+      The cause of the explosion and the extent of damage to the
+  elevator was not immediatley known.
+  
+
diff --git a/reuters/training/13070 b/reuters/training/13070
new file mode 100644
index 0000000000000000000000000000000000000000..52f055984420fc41577d4a2cf11c8544b6f31018
--- /dev/null
+++ b/reuters/training/13070
@@ -0,0 +1,10 @@
+U.S. GRAIN CARLOADINGS FALL IN WEEK
+  U.S. grain carloadings totaled 25,744
+  cars in the week ended March 28, down 4.3 pct from the previous
+  week but 41.6 pct above the corresponding week a year ago, the
+  Association of American Railroads reported.
+      Grain mill product loadings in the week totalled 10,920
+  cars, up 0.1 pct from the previous week and 12.7 pct above the
+  same week a year earlier, the association said.
+  
+
diff --git a/reuters/training/13072 b/reuters/training/13072
new file mode 100644
index 0000000000000000000000000000000000000000..5d09020ab634577c623a3b2e294abfbdaceab368
--- /dev/null
+++ b/reuters/training/13072
@@ -0,0 +1,41 @@
+SEC CLARIFIES POSITION ON TENDER OFFER CHANGES
+  The Securities and Exchange
+  Commission reminded corporate raiders and others tendering for
+  the shares of companies that they must extend the period their
+  offers are open if key conditions are changed.
+      Specifically, the agency said those making tender offers
+  for companies' stock must extend the offers if they decide to
+  eliminate conditions requiring a minimum number of shares to be
+  tendered in order for the offers to be valid.
+      Tender offers typically include minimum share conditions.
+  As a result, a purchaser would not be bound to buy the shares
+  that were tendered if the minimum level were not reached.
+      In an interpretation of current rules, which officials said
+  clarifies the SEC's present position, the agency said a tender
+  offer must be extended if a minimum share condition is waived,
+  even if the purchaser reserved the right to do so.
+      The interpretation makes clear that waiving a minimum share
+  condition is a "material change" of the tender offer under U.S.
+  securities law, SEC officials said.
+      The SEC has already said that other specific material
+  changes, such as changes in the percentage of securities being
+  sought or the price being offered, made during the course of a
+  tender offer require a 10-day extension of the offer.
+      The length of the extension, which is aimed at giving
+  shareholders an adequate chance to assess revisions of a tender
+  offer, was not specified in cases where the minimum share
+  conditions were waived.
+      SEC officials said the length of the extension in such
+  cases would depend on the facts and circumstances surrounding
+  each case, but would generally be between five and 10 days.
+      The agency cited two recent tender offers in which waivers
+  of a minimum share conditios were tried on the last day of each
+  offer, denying shareholders the chance to react to the new
+  information. Officials declined to identify the two offers.
+      "If a bidder makes a material change near or at the end of
+  its offer, it will have to extend the offer to permit adequate
+  dissemination," the SEC said.
+      Federal securities law requires that all tender offers
+  remain open for at least 20 business days.
+  
+
diff --git a/reuters/training/13077 b/reuters/training/13077
new file mode 100644
index 0000000000000000000000000000000000000000..0d6deb31450d40c038fc91e5090f47eea467e5bb
--- /dev/null
+++ b/reuters/training/13077
@@ -0,0 +1,14 @@
+GENCORP <GY> UNIT COMPLETES WOR-TV SALE
+  GenCorp said its RKO General Inc
+  subsidiary completed the sale of WOR-TV to MCA Inc <MCA> for
+  387 mln dlrs.
+      The Federal Communications Commission approved the sale
+  last December, GenCorp said. The closing was delayed because
+  that decision was appealed by four parties to the U.S. Court of
+  Appeals, GenCorp explained.
+      WOR-TV is based in  Secaucus, N.J., GenCorp said.
+      Earlier today, <General Partners> said it was prepared to
+  raise its bid to 110 dlrs per share, or even more, in its bid
+  for GenCorp.
+  
+
diff --git a/reuters/training/13078 b/reuters/training/13078
new file mode 100644
index 0000000000000000000000000000000000000000..8c37e0cb3f2f6f8013243b978a83cab0e70dcc60
--- /dev/null
+++ b/reuters/training/13078
@@ -0,0 +1,9 @@
+GALILEO ELECTRO-OPTICS CORP <GAEO> 2ND QTR 
+  Galileo Electro-Optics Corp
+  said estimated earnings for the second quarter ended March 31,
+  1987, will be over current analysts estimates of 40 cts to 45
+  cts per share.
+      However, the company said it has not closed its books for
+  the quarter and release earnings April 20.
+  
+
diff --git a/reuters/training/1308 b/reuters/training/1308
new file mode 100644
index 0000000000000000000000000000000000000000..59ce7fed428df054b024e471daa0266201569300
--- /dev/null
+++ b/reuters/training/1308
@@ -0,0 +1,13 @@
+TREASURY BALANCES AT FED ROSE ON FEB 27
+  Treasury balances at the Federal
+  Reserve rose on Feb 27 to 3.482 billion dlrs from 1.538 billion
+  dlrs the previous business day, the Treasury said in its latest
+  budget statement.
+      Balances in tax and loan note accounts fell to 21.334
+  billion dlrs from 25.164 billion dlrs on the same respective
+  days.
+      The Treasury's operating cash balance totaled 24.816
+  billion dlrs on Feb 27 compared with 26.702 billion dlrs on Feb
+  26.
+  
+
diff --git a/reuters/training/13080 b/reuters/training/13080
new file mode 100644
index 0000000000000000000000000000000000000000..701b819272042c23908efe1175ac48b2c02f409c
--- /dev/null
+++ b/reuters/training/13080
@@ -0,0 +1,67 @@
+U.S. SCIENTISTS SAY TROPICAL OILS HEALTH RISK
+  U.S. scientists said some tropical
+  vegetable oils can be hazardous to consumers whose health is at
+  risk because of high levels of saturated fat, lending weight to
+  a campaign by the American Soybean Association (ASA) for
+  labelling changes.
+      The scientists appeared to support an ASA charge, denied by
+  Malaysian palm growers, that imported coconut, palm and palm
+  kernel oils contain high levels of saturated fat and thus raise
+  blood cholesterol and the risk of heart disease.
+      In a petition filed in January, the ASA asked the U.S. Food
+  and Drug Administration (FDA) to require palm, palm kernel and
+  coconut oils to be identified as saturated fats on food
+  manufacturers' labels.
+      The FDA responded to the ASA in a letter saying it would
+  consider the petition as a comment to a proposed rule dealing
+  with cholesterol and fatty acid labelling of foods.
+      Malaysian oil palm growers have said the charges by the ASA
+  that palm oil consumption increases blood cholesterol and
+  contributes to heart disease are untrue.
+      But Steve Chang, Professor of Food Science at Rutgers
+  University, said, "Palm oil is definitely not good for human
+  health because it has a high content of saturated fatty acid."
+      He added that the higher the fatty acid, the greater the
+  blood cholesterol level. "It has been well established that
+  high cholesterol levels will have a higher level of heart
+  disease," he said.
+      A Malaysian Oil Palm Growers Council official, Borge
+  Bek-Nielsen, has said studies have shown that palm oil is
+  cholesterol-free, low in saturated fats, has anti-cancer
+  properties and prevents blood clotting and blocking of arteries
+  in humans.
+      Bek-Nielsen said Americans consume more saturated fats
+  daily through food like butter, bacon, ham and beef than from
+  palm oil, which, he added is rich in vitamins A and E.
+      David Kritchevsky, Associate Director of the Wistar
+  Institute in Philadelphia, appeared to take the ASA view on
+  labelling. "What people really have to learn is to read labels,"
+  said Kritchevsky. "The more a consumer knows, the more likely he
+  will make an intelligent choice."
+      The U.S. scientists said they had no doubt imported palm,
+  palm kernel and coconut oils contain high saturated fat levels.
+      Kritchevsky, a specialist in nutrition, said, "More
+  saturated fat would raise cholesterol levels...So, from that
+  point of view it's a health risk. High cholesterol levels in
+  the blood are a risk factor for heart disease."
+      Susanne Harris, deputy assistant secretary of the U.S.
+  Agriculture Department's Food and Consumer Services Division,
+  said the health risk among consumers of vegetable oils with
+  high saturated fat levels was highest among those who have
+  heart disease.
+      The scientists said more than 50 pct of the fatty acid
+  content of the tropical oils was saturated, whereas less than
+  20 pct of the fatty acid content of soybean oil was saturated.
+      David Ericksen, director of ASA's technical services, said
+  U.S. soybean producers could regain about one-half of the 273
+  mln dlrs in sales lost to imported tropical oils if consumers
+  were aware the vegetable oils were high in saturated fat.
+      Imported tropical oils displace 171 mln bushels of U.S.
+  soybean sales in the U.S. market, ASA estimates.
+      U.S. imports of coconut oil during January totaled 82.9 mln
+  lbs compared with 48.0 mln lbs in December and 106.5 mln a year
+  earlier, according to Commerce Department figures.
+      Imports of palm oil totaled 44.0 mln lbs compared with 51.3
+  mln lbs in December and 85.2 mln a year earlier.
+  
+
diff --git a/reuters/training/13085 b/reuters/training/13085
new file mode 100644
index 0000000000000000000000000000000000000000..7a674b2bdbe13372c7c9dae3dfd6b9aaab08f694
--- /dev/null
+++ b/reuters/training/13085
@@ -0,0 +1,25 @@
+SNYDER <SOI> MAKES CENERGY <CRG> EXCHANGE OFFER
+  Snyder Oil Partners L.P. told the
+  Securities and Exchange Commission it made an exchange offer to
+  Cenergy Corp that would allow Snyder to acquire up to 49.9 pct
+  of the company's common stock.
+      Under the exchange offer, which was proposed yesterday to
+  Cenergy's officers and directors, each share of Cenergy common
+  stock could be exchanged for 8.50 dlrs in market value of
+  Snyder's limited partnership units, Snyder said.
+      Under the proposal, Snyder, which already holds 1,170,400
+  Cenergy common shares, or 12.0 pct of the total, could boost
+  its Cenergy stake to a total of 49.9 pct, it said.
+      Snyder did not say whether it has received any response to
+  its proposal from Cenergy.
+      If it acquires the 49.9 pct stake, Snyder said in its SEC
+  filing it would use the stock to "obtain a proportionate
+  beneficial interest" in the company's assets and liabilities.
+      It said it has not decided its next move it the exchange
+  proposal does not lead to negotiations with Cenergy.
+      Snyder said it may boost its stake or sell some or all of
+  its current holdings. It repeated a statement made in its
+  initial SEC filing last month that it is considering several
+  alternatives, including seeking control of Cenergy.
+  
+
diff --git a/reuters/training/13089 b/reuters/training/13089
new file mode 100644
index 0000000000000000000000000000000000000000..e52d8776f9a0d9802f53de51ca154988b3c13657
--- /dev/null
+++ b/reuters/training/13089
@@ -0,0 +1,11 @@
+HARLEYSVILLE GROUP <HGIC> SEEKS TO ACQUIRE FIRM
+  Harleysville Group Inc said it
+  was in talks to acquire Atlantic Mutual Fire Insurance Co, a
+  property and casualty insurer licensed in five southern states.
+      The company said it believes an acquisition could be
+  completed by June 30, subject to approval by regulatory and
+  Atlantic Mutual policyholders.
+      Harleysville plans to invest about four mln dlrs in the
+  business if the deal is completed.
+  
+
diff --git a/reuters/training/13090 b/reuters/training/13090
new file mode 100644
index 0000000000000000000000000000000000000000..be66698306eebefd066d29841543ba4ba2a8e176
--- /dev/null
+++ b/reuters/training/13090
@@ -0,0 +1,13 @@
+KROGER <KR> TO BUY EIGHT FOOD STORES
+  Kroger Co said it agreed to buy nine 
+  retail food stores from the Dallas division of <Safeway Stores
+  Inc>, which announced it was closing the 141-store division as
+  part of a restructuring.
+      Terms were not disclosed.
+      Kroger expects to take over operation of the stores, one of
+  which is under construction, in late April. The addition of the
+  stores will bring Kroger's Dallas division to 75 stores, it
+  said.
+      It operates more than 1,300 stores in 20 states.
+  
+
diff --git a/reuters/training/13092 b/reuters/training/13092
new file mode 100644
index 0000000000000000000000000000000000000000..3664851dcb67d25d9d6cb64b25f58e7f478e271c
--- /dev/null
+++ b/reuters/training/13092
@@ -0,0 +1,6 @@
+<DOUGLAS COMPUTER INTERNATIONAL> YEAR NET
+  Shr seven cts vs one ct
+      Net 178,919 vs 34,429
+      Sales 3,148,420 vs 1,912,438
+  
+
diff --git a/reuters/training/13093 b/reuters/training/13093
new file mode 100644
index 0000000000000000000000000000000000000000..7bb478f98a3131df2c1a9ecfce38cc844964fa9b
--- /dev/null
+++ b/reuters/training/13093
@@ -0,0 +1,6 @@
+MEDICAL STERILIZATION INC <MSTI> YEAR LOSS
+  Shr loss 65 cts vs loss 1.31 dlrs
+      Net loss 1,366,340 vs loss 2,148,656
+      Revs 2,664,852 vs 799,864
+  
+
diff --git a/reuters/training/13094 b/reuters/training/13094
new file mode 100644
index 0000000000000000000000000000000000000000..5002e517ef8a29f2076349e5862bd50604f0a81a
--- /dev/null
+++ b/reuters/training/13094
@@ -0,0 +1,11 @@
+CCC ACCEPTS EXPORT BONUS FOR WHEAT TO SRI LANKA
+  The U.S. Agriculture Department said
+  it has accepted a bid for an export bonus to cover the sale of
+  50,000 tonnes of hard red winter wheat to Sri Lanka.
+      A bonus of 37.44 dlrs per tonne was awarded to Continental
+  Grain Co on the shipment scheduled for April 8-16, Melvin Sims,
+  USDA general sales manager said.
+      An additional 10,000 tonnes of wheat are still available to
+  Sri Lanka under the export enhancement program, Sims said.
+  
+
diff --git a/reuters/training/13095 b/reuters/training/13095
new file mode 100644
index 0000000000000000000000000000000000000000..c849d9a18fa8dd56ea36bbef94d9f6f8235d9fe8
--- /dev/null
+++ b/reuters/training/13095
@@ -0,0 +1,17 @@
+RVIAL TO UNION CARBIDE EMERGES IN FRENCH BID
+  <Carburos Metalicos> of Spain has bid
+  2,205 francs a share for French chemicals group <Duffour et
+  Igon>, rivalling the 2,100 franc bid announced yesterday by
+  Union Carbide France, the French subsidiary of the U.S.
+  Chemical giant Union Carbide Corp <UK.N>, the stockbrokers'
+  assocation (CSAC) said here.
+      Duffour et Igon's capital is comprised of 133,100 shares
+  with a nominal value of 100 francs each. Shares were last
+  quoted at 856 francs on January 9.
+      Banque Paribas will act for Carburos Metalicos, while Union
+  Carbide France's bid is being led by Rothschild et Associes
+  Banque.
+      Duffour et Igon shares will be suspended on April 6 and 7
+  and will resume trading on April 8.
+  
+
diff --git a/reuters/training/13096 b/reuters/training/13096
new file mode 100644
index 0000000000000000000000000000000000000000..ddc0570b9d13f64c1429dd5a1aaf12353a484d43
--- /dev/null
+++ b/reuters/training/13096
@@ -0,0 +1,14 @@
+BRAZIL TO BUY 30,000 BPD OF KUWAITI OIL
+  Brazil will import 30,000 barrels
+  per day of crude oil from Kuwait, a spokesman for the state oil
+  company Petrobras said.
+      He said that, unlike Saudi Arabia, Kuwait did not impose
+  any conditions on Brazil.
+      Last month, Petrobras cancelled a 40-mln dlr oil purchase
+  from Saudi Arabia after the Saudis refused to accept credit
+  guarantees from the official Bank of Brazil.
+      The Saudis eventually lifted the condition and Brazil
+  decided to reconfirm the purchase.
+      Brazil currently consumes 1.1 mln barrels of oil per day.
+  
+
diff --git a/reuters/training/13097 b/reuters/training/13097
new file mode 100644
index 0000000000000000000000000000000000000000..d2e3745c0d13872bccbf12ad2b07120adc5095bd
--- /dev/null
+++ b/reuters/training/13097
@@ -0,0 +1,12 @@
+U.S. DURUM WHEAT BONUS BID TO ALGERIA ACCEPTED
+  The U.S. Agriculture Department said
+  it has accepted a bid for an export bonus to cover the sale of
+  18,000 tonnes of U.S. durum wheat to Algeria.
+      A bonus of 43.25 dlrs per tonne was awarded to Cam USA Inc
+  on the shipment scheduled for June 20-30, Melvin Sims, USDA
+  general sales manager, said.
+      An additional 228,000 tonnes of durum wheat are available
+  to Algeria under the department's export enhancement program,
+  Sims said.
+  
+
diff --git a/reuters/training/13099 b/reuters/training/13099
new file mode 100644
index 0000000000000000000000000000000000000000..9209152a355c53bc7a81ed8cb27d9f4b42d663a4
--- /dev/null
+++ b/reuters/training/13099
@@ -0,0 +1,14 @@
+USDA OFFERS EEP BARLEY MALT TO COLOMBIA
+  The U.S. Agriculture Department
+  announced Colombia has been made eligible for sales of up to
+  15,000 tonnes of barley malt under the department's export
+  enhancement program, EEP.
+      As with the previous 64 EEP initiatives, sales of U.S.
+  barley malt would be made to buyers in Colombia at competitive
+  world prices, USDA said.
+      The export sales would be subsidized with commodities from
+  the inventory of the Commodity Credit Corp and enable U.S.
+  exporters to compete at commercial prices in the Colombian
+  market, USDA said.
+  
+
diff --git a/reuters/training/13102 b/reuters/training/13102
new file mode 100644
index 0000000000000000000000000000000000000000..a93be6b74885cb9e68a9025afc4ad5c1c8ce0b22
--- /dev/null
+++ b/reuters/training/13102
@@ -0,0 +1,11 @@
+TEXAS PETROLEUM ACQUIRES OIL AND GAS PROPERTIES
+  Texas Petroleum Corp said it issued 14.4
+  mln shares of restricted common stock in exchange for oil and
+  gas properties and joint ventures located in the U.S. and
+  overseas.
+      The properties were acquired from <North American Oil and
+  Gas Corp> and Texas Petroleum Corp in Canada, the company said.
+  It added the acquisitions were the first step toward creating
+  an oil and gas exploration and development enterprise.
+  
+
diff --git a/reuters/training/13103 b/reuters/training/13103
new file mode 100644
index 0000000000000000000000000000000000000000..aac4aad2542031dc6e2ea76610cde50f7993bcf6
--- /dev/null
+++ b/reuters/training/13103
@@ -0,0 +1,10 @@
+METROMEDIA BUYS WARRANT FOR SHARES OF ORION
+  <Metromedia Co> said it
+  purchased from Time Inc's <TL> Home Box Office Inc a warrant to
+  purchase 800,000 shares of common stock of Orion Pictures Corp
+  <OPC>.
+      The price for the warrant was 10 mln dlrs, Metromedia said.
+  It added that it now owns 16.4 pct of the outstanding common
+  stock of Orion.
+  
+
diff --git a/reuters/training/13105 b/reuters/training/13105
new file mode 100644
index 0000000000000000000000000000000000000000..4e00ba33f33ca178ae6582a8a1ab0a0ae8091b6d
--- /dev/null
+++ b/reuters/training/13105
@@ -0,0 +1,8 @@
+BANK OF MONTREAL LOWERS CREDIT CARD RATE
+  Bank of Montreal said it will reduce the
+  interest rate it charges on outstanding MasterCard balances to
+  18.3 pct from 21 pct, beginning in July.
+      The bank said it will continue its policy of not charging
+  any annual fee or transaction fees to credit card holders.
+  
+
diff --git a/reuters/training/1311 b/reuters/training/1311
new file mode 100644
index 0000000000000000000000000000000000000000..4a6222fe18413e5af0093c9cca07286ac39a8160
--- /dev/null
+++ b/reuters/training/1311
@@ -0,0 +1,6 @@
+KASLER CORP <KASL> 1ST QTR JAN 31 NET
+  Shr profit three cts vs loss seven cts
+      Net profit 161,000 vs loss 367,000
+      Revs 24.3 mln vs 26.5 mln
+  
+
diff --git a/reuters/training/13110 b/reuters/training/13110
new file mode 100644
index 0000000000000000000000000000000000000000..0327a5c030000eb4c9dc462680129ef661a41788
--- /dev/null
+++ b/reuters/training/13110
@@ -0,0 +1,10 @@
+ENEX RESOURCES CORP <ENEX> 4TH QTR LOSS
+  Shr not given
+      Net loss 330,613 vs profit
+      Revs 2,170,628 vs 614,511
+      Year
+      Shr loss one ct vs profit nine cts
+      Net loss 212,289 vs profit 829,747
+      Revs 5,397,167 vs 3,785,688
+  
+
diff --git a/reuters/training/13113 b/reuters/training/13113
new file mode 100644
index 0000000000000000000000000000000000000000..e82570765658f8924f7f07bba50f89a15b5b75a8
--- /dev/null
+++ b/reuters/training/13113
@@ -0,0 +1,9 @@
+OSHAP TECHNOLOGIES LTD <OSHUF> YEAR LOSS
+  Shr loss 12 cts vs loss three cts
+      Net loss 646,000 vs loss 96,000
+      Revs 9,414,000 vs 9,899,000
+      Avg shrs 5,382,833 vs 3,722,833
+      NOTE: Converted using Dec 31 exchange rate of 40.05 Belgian
+  francs to the U.S. dlr.
+  
+
diff --git a/reuters/training/13114 b/reuters/training/13114
new file mode 100644
index 0000000000000000000000000000000000000000..00e4a49b85cfb1f31f282287770d7073a57af365
--- /dev/null
+++ b/reuters/training/13114
@@ -0,0 +1,6 @@
+<DOUGLAS COMPUTER INTERNATIONAL> YEAR END 1986
+  Shr seven cts vs one ct
+      Net 178,919 vs 34,429
+      Revs 3,148,420 vs 1,912,438
+  
+
diff --git a/reuters/training/13115 b/reuters/training/13115
new file mode 100644
index 0000000000000000000000000000000000000000..cb6349b99ce7a0d0b199e9fca57bf08f59377eff
--- /dev/null
+++ b/reuters/training/13115
@@ -0,0 +1,86 @@
+CANADA OIL INDUSTRY SET FOR RECOVERY - ANALYSTS
+  Firmer crude oil prices, government aid
+  packages and corporate spending cuts will help Canada's oil
+  industry recover from last year sharp downturn, industry
+  analysts said.
+      They said there will be significant earnings gains in 1987
+  compared to last year's dismal results when oil prices dropped
+  about 50 pct.
+      On Canada's stock exchanges, energy shares have soared to
+  their highest levels since 1983, with many issues trading at
+  record highs.
+      "This is reflecting a tremendous amount of optimism on the
+  part of the investment community that the outlook for the
+  industry for the future is extremely attractive," Peters and Co
+  Ltd oil analyst Wilf Gobert said.
+      Financial statements from Canada's major oil companies,
+  culminating with Dome Petroleum Ltd's 2.20 billion Canadian dlr
+  1986 loss reported this week, painted a bleak picture of last
+  year's results, analysts said.
+      "But the financial statements are a snap shot and a
+  recording of history. The stock market is the indication of the
+  future," Gobert commented.
+      The Toronto Stock Exchange's oil and gas index of 41
+  companies is up to 4065.4 so far in trading today from 3053.15
+  at the end of 1986.
+      Among Canada's largest oil companies, class A shares of
+  Imperial Oil Ltd <IMO.A>, 70 pct owned by Exxon Corp <XON>, is
+  trading at 71, up from a 52-week low of 34-3/4.
+      Shell Canada Ltd, 72 pct owned by Royal Dutch/Shell Group,
+  is at 40-1/2, up from a low during the last year of 18-3/4.
+  Texaco Canada Inc <TXC>, 78 pct owned by Texaco Inc <TX>, is
+  at 34-7/8, up from a low of 24-1/2.
+      Levesque Beaubien Inc oil analyst Robert Plexman forecasts
+  operating profit for 10 of Canada's largest oil and gas
+  companies will rise 37 pct in 1987 to about 1.44 billion dlrs
+  and operating cash flow will increase 12 pct to 3.24 billion
+  dlrs, based on an average oil price for the year of 16.50 U.S.
+  dlrs a barrel. "However, if prices hold about 18 U.S. dlrs a
+  barrel...1987 net operating income could show a 69 pct increase
+  with cash flow 27 pct higher," analyst Plexman said.
+      "Although it is difficult to forecast the extent of the
+  profit improvement this year, the gain should be significant,"
+  he added.
+      Those improvements follow a sharp downturn in 1986, when
+  operating income for the ten companies dropped 47 pct to 1.05
+  billion dlrs and operating cash flow fell 22 pct to 2.90
+  billion dlrs.
+      But one industry source doesn't think oil prices will hold
+  recent gains and more government assistance is needed.
+      Canadian Petroleum Association technical director Hans
+  Maciej sees industry cash flow falling another 10 pct in 1987,
+  after dipping about 60 pct last year. Maciej said he sees crude
+  oil supply outweighing demand and doesn't believe a recent OPEC
+  production accord will continue to support prices.
+      However, several companies share the optimistic industry
+  outlook expressed by a majority of analysts.
+      Shell Canada and <Norcen Energy Resources Ltd> forecast
+  improved 1987 earnings in their annual reports issued this
+  week, assuming oil prices remain at or above 1986 levels.
+      "The industry's outlook for 1987 is positive, but not
+  robust," Texaco Canada said in its annual report.
+      "While oil prices have strengthened somewhat and there is
+  good reason to believe that the general level is sustainable,
+  continued volatility is likely," Texaco Canada added.
+      In the face of short-term uncertainty, many companies have
+  pared 1987 spending plans from last year's lower levels,
+  deferring most frontier exploration work.
+      "The industry is becoming very selective in investments,
+  very conservative and cautious, which is not unexpected,"
+  Canadian Petroleum Association's Maciej said.
+      Federal and Alberta goverment aid measures helped cushion
+  the industry downturn in 1986 and are improving 1987 results.
+      The most significant help came last September when the
+  federal government lifted the 10 pct Petroleum Gas Revenue Tax
+  (PGRT) 28 months earlier then planned.
+      Analysts estimate the tax relief will save larger oil
+  companies about 1.50 billion dlrs by the end of 1988.
+      The PGRT cut helped brake the steep profit and cash flow
+  decline in 1986 for many oil companies and prevented further
+  exploration spending cuts, analysts said.
+      "For a number of companies, the PGRT cut was absolutely
+  necessary to even maintain the kind of reduced investments that
+  were made, otherwise the reduction would have been considerably
+  more," Maciej said.
+  
+
diff --git a/reuters/training/13116 b/reuters/training/13116
new file mode 100644
index 0000000000000000000000000000000000000000..ac01e0f0d5dbc62da6518dab06e187e2249cb26d
--- /dev/null
+++ b/reuters/training/13116
@@ -0,0 +1,19 @@
+U.S. GOLD PRODUCTION ROSE IN DECEMBER
+  U.S. mine production of gold rose to
+  244,900 troy ounces in December from 244,749 ounces in
+  November, the U.S. Interior Department's Bureau of Mines said.
+      U.S. imports of gold in December were 692,700 ounces, vs
+  2,011,754 ounces in November and 611,811 ounces in December,
+  1985.
+      Gold exports totaled 243,191 ounces in December, vs
+  November's 374,468 ounces and 350,078 ounces in December a year
+  earlier.
+      Mine production of gold in the 12-month period Jan-Dec,
+  1986, totaled 2,951,151 ounces, vs 2,475,436 ounces over the
+  same period in 1985.
+      Gold imports in Jan-Dec, 1986, totaled 15,749,447 ounces,
+  vs 8,225,999 ounces for the same period in 1985, while exports
+  stood at 4,612,919 ounces and 3,966,678 ounces over the
+  respective periods, the bureau said.
+  
+
diff --git a/reuters/training/13118 b/reuters/training/13118
new file mode 100644
index 0000000000000000000000000000000000000000..6ad186a49cfd09185a462ef265b2ab62bc213a7c
--- /dev/null
+++ b/reuters/training/13118
@@ -0,0 +1,10 @@
+JACK WINTER INC <JWI> 4TH QTR JAN 3 LOSS
+  Shr loss 67 cts vs loss seven cts
+      Net loss 2,410,000 vs loss 245,000
+      Revs 11.0 mln vs 10.9 mln
+      12 mths
+      Shr loss 21 cts vs profit 43 cts
+      Net loss 748,000 vs profit 1,571,000
+      Revs 46.9 mln vs 40.5 mln
+  
+
diff --git a/reuters/training/13119 b/reuters/training/13119
new file mode 100644
index 0000000000000000000000000000000000000000..357489bc921cddabcd0e8da7364e80abc412393f
--- /dev/null
+++ b/reuters/training/13119
@@ -0,0 +1,17 @@
+U.S. SILVER PRODUCTION ROSE IN DECEMBER
+  U.S. mine production of silver rose
+  to 2,295,230 troy ounces in December from 2,181,082 in
+  November, the Interior Department's Bureau of Mines said.
+      U.S. imports of silver in December were 8,458,000 ounces,
+  vs 19,950,000 in November, and 8,840,000 in December, 1985.
+      Silver exports totaled 1,549,000 ounces in December, vs
+  2,346,000 in November and 1,504,000 ounces in December, 1985.
+      Silver mining production in the 12-month period Jan-Dec,
+  1986 totaled 31,720,769 ounces, vs 39,357,197 ounces produced
+  over the same period in 1985.
+     Imports of silver in Jan-Dec, 1986 totaled 144,890,000
+  ounces, vs 152,601,000 ounces in Jan-Dec, 1985, while silver
+  exports stood at 25,114,000 ounces and 24,756,000 ounces over
+  the respective periods, the bureau said.
+  
+
diff --git a/reuters/training/1312 b/reuters/training/1312
new file mode 100644
index 0000000000000000000000000000000000000000..a9d2455578fba4b3926b21f64773b40591fe5490
--- /dev/null
+++ b/reuters/training/1312
@@ -0,0 +1,91 @@
+COFFEE MAY FALL MORE BEFORE NEW QUOTA TALKS
+  Coffee prices may have to fall even lower
+  to bring exporting and importing countries once more round the
+  negotiating table to discuss export quotas, ICO delegates and
+  traders said.
+      The failure last night of International Coffee
+  Organization, ICO, producing and consuming countries to agree
+  export quotas brought a sharp fall on international coffee
+  futures markets today with the London May price reaching a
+  4-1/2 year low at one stage of 1,270 stg per tonne before
+  ending the day at 1,314 stg, down 184 stg from the previous
+  close.
+      The New York May price was down 15.59 at 108.00 cents a lb.
+      Pressure will now build up on producers returning from the
+  ICO talks to sell coffee which had been held back in the hope
+  the negotiations would establish quotas which would put a floor
+  under prices, some senior traders said.
+      The ICO 15 day average price stood at 114.66 cents a lb for
+  March 2. This compares with a target range of 120 to 140 cents
+  a lb under the system operating before quotas were suspended in
+  February last year following a sharp rise in international
+  prices caused by drought damage to the Brazilian crop.
+      In a Reuter interview, Brazilian Coffee Institute, IBC,
+  President Jorio Dauster urged producers not to panic and said
+  they need to make hard commercial decisions. "If we have failed
+  at the ICO, at least we have tried," Dauster said, adding "now it
+  is time to go and sell coffee."
+      But Brazil is keeping its marketing options open. It plans
+  to make an official estimate of the forthcoming crop next
+  month, Dauster said. It is too difficult to forecast now. Trade
+  sources have put the crop at over 26 mln bags compared with a
+  previous crop of 11.2 mln. Brazil is defining details of public
+  selling tenders for coffee bought on London's futures market
+  last year.
+      A basic condition will be that it does not go back to the
+  market "in one go" but is sold over a minimum of six months.
+      The breakdown of the ICO negotiations reflected a split
+  between producers and consumers on how to set the yardstick for
+  future quotas. Consumers said "objective criteria" like average
+  exports and stocks should determine producer quota shares,
+  Dauster said.
+      All elements of this proposal were open to negotiation but
+  consumers insisted they did not want a return to the "ad hoc" way
+  of settling export quotas by virtual horse trading amongst
+  producers whilst consumers waited in the corridors of the ICO.
+      Dauster said stocks and exports to ICO members and
+  non-members all need to be considered when setting quotas and
+  that Brazil would like to apply the coffee pact with a set
+  ratio of overall quota reflecting stock holdings.
+      It is a "simplistic misconception that Brazil can dictate"
+  policy to other producers. While consumer countries are welcome
+  to participate they cannot dictate quotas which are very
+  difficult to allocate as different "objective criteria" achieve
+  different share-outs of quota, Dauster said.
+      Other delegates said there was more open talking at the ICO
+  and at least differences were not hidden by a bad compromise.
+      Consumer delegates said they had not been prepared to
+  accept the producers' offer to abandon quotas if it proves
+  impossible to find an acceptable basis for them.
+      "We want the basis of quotas to reflect availability and to
+  encourage stock holding as an alternative to a buffer stock if
+  supplies are needed at a later stage," one delegate said.
+      Some consumers claimed producer support for the consumer
+  argument was gaining momentum towards the end of the ICO
+  session but said it is uncertain whether this will now collapse
+  and how much producers will sink their differences should
+  prices fall further and remain depressed.
+      The ICO executive board meets here March 30 to April 1 but
+  both producer and consumer delegates said they doubt if real
+  negotiations will begin then. The board is due to meet in
+  Indonesia in June with a full council scheduled for September.
+      More cynical traders said the pressure of market forces and
+  politics in debt heavy Latin American producer countries could
+  bring ICO members back around the negotiating table sooner than
+  many imagine. In that case quotas could come into force during
+  the summer. But most delegates and traders said quotas before
+  October are unlikely, while Brazil's Dauster noted the ICO has
+  continued although there were no quotas from 1972 to 1980.
+      A clear difference between the pressures already being felt
+  by importers and exporters was that consumers would have been
+  happy to agree on a formula for future quotas even if it could
+  not be imposed now. At least in that way they said they could
+  show a direct relationship between quotas and availability.
+      In contrast producers wanted stop-gap quotas to plug the
+  seemingly bottomless market and were prepared to allow these to
+  lapse should lasting agreement not be found.
+      "Producers were offering us jam tomorrow but after their
+  failure to discuss them last year promises were insufficient
+  and we wanted a cast iron commitment now," one consumer said.
+  
+
diff --git a/reuters/training/13120 b/reuters/training/13120
new file mode 100644
index 0000000000000000000000000000000000000000..35ed621610a7f1dfb8c8cf6a8a1267b63a9900c2
--- /dev/null
+++ b/reuters/training/13120
@@ -0,0 +1,6 @@
+GRAIN SHIPS LOADING AT PORTLAND
+  There were five grain ships loading and
+  three ships were waiting to load at Portland, according to the
+  Portland Merchants Exchange.
+  
+
diff --git a/reuters/training/13122 b/reuters/training/13122
new file mode 100644
index 0000000000000000000000000000000000000000..a8eaa1eb99e975b8313a1cef776cf784f76cbc1e
--- /dev/null
+++ b/reuters/training/13122
@@ -0,0 +1,5 @@
+PLANTERS CORP <PNBT> 1ST QTR NET
+  Shr 32 cts vs 28 cts
+      Net 2,194,000 vs 1,929,000
+  
+
diff --git a/reuters/training/13123 b/reuters/training/13123
new file mode 100644
index 0000000000000000000000000000000000000000..5f99265ed89f3e1106a7ee2efe12dac0b9615d4b
--- /dev/null
+++ b/reuters/training/13123
@@ -0,0 +1,39 @@
+LOWER U.S. RICE STOCKS, STRONG EXPORTS - USDA
+  Rising demand for U.S. rice may
+  gradually reduce surpluses while a marketing loan should help
+  increase the U.S. share of the world rice market despite
+  sluggish trade this year, the U.S. Agriculture Department said.
+      In its quarterly rice outlook and situation summary, the
+  department said U.S. rice use may surpass production during the
+  1986/87 marketing year, causing stocks to fall about 10 mln
+  hundredweight from a year earlier to an estimated 67 mln cwt on
+  July 31.
+      Long grain acreage as a percentage of total acreage is
+  expected to decline this year, the report said.
+      USDA said factors once supportive of increased long grain
+  acreage have turned around. Domestic prices of medium grain
+  relative to long grain have increased, the loan differential
+  has been greatly reduced and increases in long grain yields
+  relative to those of other classes have leveled off.
+      With the drop in domestic prices resulting from the
+  marketing loan, domestic rice use is expected to grow at a
+  faster rate, USDA said.
+      "Development of new products and increased promotion have
+  helped make rice more available and visible to a wider range of
+  consumers," USDA said.
+      USDA said world trade is expected to fall in 1987 because
+  of large production and stocks but a weaker market should
+  affect competing exporters more than the U.S.
+      "The United States has already recovered a substantial share
+  of the European Community market and made inroads into markets
+  in the Middle East and Africa," the report said.
+      World rice consumption is projected to reach record levels
+  in 1986/87, the report said, as higher per capita incomes,
+  increased domestic production and low import prices have
+  allowed people in many countries to substitute rice for coarse
+  grains.
+      China, India and South Korea have increased output, while
+  the Middle East and Africa have doubled imports since the
+  mid-1970s, the report said.
+  
+
diff --git a/reuters/training/13124 b/reuters/training/13124
new file mode 100644
index 0000000000000000000000000000000000000000..2a75dfe9025dbfceceec5308d15ee1027a99b004
--- /dev/null
+++ b/reuters/training/13124
@@ -0,0 +1,24 @@
+HUTTON <EFH> STILL INTERESTED IN PUROLATOR <PCC>
+  E.F. Hutton LBO Inc is still interested
+  in an acquisition of Purolator Courier Corp, and is examining
+  the possibility of raising its 35 dlr per share offer, an E.F.
+  Hutton spokesman said.
+      Hutton's offer was topped by a 40 dlr per share offer from
+  Emery Air Freight Corp <EAF> earlier this week.
+      "We're definately not out of it at this point," the Hutton
+  spokesman said.
+      "We want to see what the offer is completely and understand
+  it fully, and then fashion our response," the spokesman said.
+      After Emery made its offer, Hutton extended the deadline on
+  its offer to Monday. The offer was to have expired Wednesday.
+      Analysts said it might be difficult for Hutton to raise the
+  offer since Emery, an overnight courier, might have an easier
+  time justifying a lofty price since it would realize cost
+  savings by combining its business with those of Purolator.
+      Purolator, a New Jersey-based overnight courier, has
+  declined comment.
+      Purolator had traded above the Hutton offer price on
+  speculation a new bidder would emerge. It was up 1/8 today at
+  40-3/8, above the Emery offer.
+  
+
diff --git a/reuters/training/13126 b/reuters/training/13126
new file mode 100644
index 0000000000000000000000000000000000000000..f645296d819f7fb7f04bb372f6a4710d46e93975
--- /dev/null
+++ b/reuters/training/13126
@@ -0,0 +1,6 @@
+<DREYFUS A BONDS PLUS INC> MONTHLY PAYOUT
+  Mtly div 10.4 cts vs 10.8 cts prior
+      Paid April 1
+      Record March 31
+  
+
diff --git a/reuters/training/13129 b/reuters/training/13129
new file mode 100644
index 0000000000000000000000000000000000000000..a6050f1f9f079e596ca3c139c4738ec04bbc93e6
--- /dev/null
+++ b/reuters/training/13129
@@ -0,0 +1,11 @@
+TURKEY ELIGIBLE FOR U.S. BONUS RICE
+  The U.S. Agriculture Department said
+  Turkey has been made eligible for the sale of up to 70,000
+  tonnes of medium grain milled rice under the department's
+  export enhancement program, EEP.
+      As with the 65 previous EEP initiatives, the export sales
+  would be subsidized with commodities from the inventory of the
+  Commodity Credit Corp and made at competitive world prices,
+  USDA said.
+  
+
diff --git a/reuters/training/1313 b/reuters/training/1313
new file mode 100644
index 0000000000000000000000000000000000000000..da2e54527d09e9db291a09e5e6ba7664b4600646
--- /dev/null
+++ b/reuters/training/1313
@@ -0,0 +1,10 @@
+SEAMAN FURNITURE <SEAM> IN STOCK SPLIT
+  Seaman Furniture Co Inc said
+  its board declared a two-for-one split of the company's
+  outstanding stock.
+      It said holders of its common will receive one additional
+  share for each share held as of March 20. It said certificates
+  representing additional shares will be distributed as soon as
+  possible after April 10.
+  
+
diff --git a/reuters/training/13130 b/reuters/training/13130
new file mode 100644
index 0000000000000000000000000000000000000000..0980ce5f180ee8dfcab26b702b3a40e2d6b876cf
--- /dev/null
+++ b/reuters/training/13130
@@ -0,0 +1,37 @@
+INTERNATIONAL LPG PRICES MIXED
+  International LPG prices were mixed in
+  the past week, with North Sea prices easier while prices in the
+  Mediterranean and the Gulf were up in April, traders said.
+      In the North Sea market, small cargoes of propane were sold
+  as high as 126 dlrs per tonne on the f.o.b. basis early in the
+  week, but prices eased after the majors posted their April
+  contract prices, traders said.
+      British Petroleum plc <BP> left propane unchanged at 110
+  dlrs and raised butane prices 5.50 dlrs to 123 dlrs, Shell, a
+  unit of Royal Dutch/Shell Group <RD> <ST> raised propane three
+  dlrs to 113 and butane 5.50 dlrs to 123 dlrs, they said.
+      In the Mediterranean, prices firm in Lavera as Algerian
+  supplies were not always available. Spot propane was unchanged,
+  while butane rose about 25 dlrs from last week, traders said.
+      They said, however, the Mediterranean butane market was
+  very thin, making it subject to wide price swings.
+      In the Gulf, strong demand from the Far East pushed premium
+  on small cargoes five to 10 dlrs above government selling price
+  (gsp) for propane and 10 dlrs for butane, traders said. 
+      The rising premium over gsp, however, was partially offset
+  by about 10 pct decline in shipping, making prices for propane
+  about unchanged and butane five dlrs higher, basis c. and f.
+  Japan, the traders said.
+  SPOT.(DLRS/TONNE)......PROPANE..............BUTANE...........
+  NORTH SEA (FOB)........113/117..............125/130..........
+  NORTH SEA (CIF)........120/125..............135/140..........
+  MEDITERRANEAN.(CIF)....140/145..............175/180..........
+  THE GULF (FOB).........130/135..............140/145..........
+  JAPAN (C AND F)........155/160..............160/165..........
+  OFFICIAL PRICES-FOB..........................................
+  SAUDI ARABIA (3/1)........125.................125............
+  ALGERIA......(3/1)........120.................130............
+  BP/POSTED PRICE.(4/1).....110.................123.00.........
+  SHELL/POSTED PRICE.(4/1)..113.................123.00.........
+  
+
diff --git a/reuters/training/13131 b/reuters/training/13131
new file mode 100644
index 0000000000000000000000000000000000000000..38d3f5d4228bfb3ee124c1e2dc57d90b80c42648
--- /dev/null
+++ b/reuters/training/13131
@@ -0,0 +1,6 @@
+SCOTT INSTRUMENTS CORP <SCTI> YEAR LOSS
+  Shr loss 15 cts vs loss 27 cts
+      Net loss 1,905,774 vs loss 2,160,717
+      Revs 868,117 vs 307,135
+  
+
diff --git a/reuters/training/13136 b/reuters/training/13136
new file mode 100644
index 0000000000000000000000000000000000000000..5ea90feae6ffb825087e2a99b3d91a0e5b6f93ea
--- /dev/null
+++ b/reuters/training/13136
@@ -0,0 +1,17 @@
+SCOTT INSTRUMENTS <SCTI> GETS QUALIFIED AUDIT
+  Scott Instruments Corp said its
+  independent public accountants qualified the report on Scott's
+  1986 financial statements because of its weak financial
+  condition.
+      The report indicates the realization of the company's
+  assets is dependent on it obtaining enough working capital to
+  finance operations and additional funds to meet other
+  liabilities, among other things.
+      These factors indicate the company may be unable to
+  continue its existence.
+      Earlier, Scott reported a 1986 loss of 1.9 mln dlrs
+  compared to a loss of almost 2.2 mln dlrs in 1985. Total assets
+  were nearly 1.1 mln dlrs at year end, down from 1.2 mln dlrs
+  the prior year.
+  
+
diff --git a/reuters/training/13138 b/reuters/training/13138
new file mode 100644
index 0000000000000000000000000000000000000000..71405ac2826d3c420863c06c519f4d139fc701bc
--- /dev/null
+++ b/reuters/training/13138
@@ -0,0 +1,6 @@
+<THORATEC LABORATORIES CORP> YEAR LOSS
+  Shr loss 1.64 dlrs vs loss 2.08 dlrs
+      Net loss 9,761,000 vs loss 10,977,000
+      Revs 4,409,000 vs 2,697,000
+  
+
diff --git a/reuters/training/13139 b/reuters/training/13139
new file mode 100644
index 0000000000000000000000000000000000000000..879b6651c795a0e204d3f3163fbb491c12385e64
--- /dev/null
+++ b/reuters/training/13139
@@ -0,0 +1,7 @@
+BAYOU INTERNATIONAL GETS STAKE IN AMALGAMATED
+  Bayou International Ltd said it
+  acquired 19.9 pct of <Amalgamated Equities Ltd> of Australia
+  for 710,000 dlrs.
+      Bayou is 55.2 pct owned by <Australia Wide Industries Ltd>.
+  
+
diff --git a/reuters/training/1314 b/reuters/training/1314
new file mode 100644
index 0000000000000000000000000000000000000000..ebbc172126333afa42e6148ea44edce565a0baa1
--- /dev/null
+++ b/reuters/training/1314
@@ -0,0 +1,14 @@
+<SCOTT'S HOSPITALITY INC> 3RD QTR JAN 31 NET
+  Oper shr eight cts vs eight cts
+      Oper net 5,219,000 vs 4,377,000
+      Revs 214.9 mln vs 182.5 mln
+      NINE MTHS
+      Oper shr 51 cts vs 51 cts
+      Oper net 29.6 mln vs 27.9 mln
+      Revs 634.5 mln vs 569.3 mln
+      1986 net excludes extraordinary gain of 8,031,000 dlrs or
+  15 cts shr.
+      1987 net reflects three-for-one stock split in 2nd qtr and
+  issue of 1.5 mln subordinate voting shares in 1st qtr.
+  
+
diff --git a/reuters/training/13141 b/reuters/training/13141
new file mode 100644
index 0000000000000000000000000000000000000000..f6f4a82e497a9da26a9ce77d6800d956bebd89fd
--- /dev/null
+++ b/reuters/training/13141
@@ -0,0 +1,14 @@
+NETWORK <NETW> TO TAKE 3RD QTR CHARGE
+  Network Control Corp said it
+  intends to take a 250,000 dlr charge against earnings for the
+  third quarter ended March 31 and said sales for the quarter
+  would be about 400,000 dlrs, about 50 pct below sales in the
+  same year-ago quarter.
+      Network said it is taking the charge due to the significant
+  increase in accounts receivable which remain uncollected for
+  more than 90 days after billing. It said it ultimately will
+  collect most of those accounts.
+      It attributed the sales decline to a transition period for
+  its new products and a delay in a major order.
+  
+
diff --git a/reuters/training/13142 b/reuters/training/13142
new file mode 100644
index 0000000000000000000000000000000000000000..df4443c08dbcc0b4306d4fb3cee1cd4cf227a9f1
--- /dev/null
+++ b/reuters/training/13142
@@ -0,0 +1,11 @@
+PETROBRAS SEES RAISING EXPORT OF FUEL IN 1987
+  Brazil's state oil company
+  Petrobras is pledging to export 4.6 mln cubic meters of fuel,
+  or 28.9 mln barrels in 1987, a company spokesman said.
+      He said that represents a total sale worth 600 mln dlrs.
+  The volume is 27 pct higher over 1986 sales, which totalled 3.6
+  mln cubic meters, or 22.6 mln barrels.
+      The United States, Africa and Latin American are Brazil's
+  main fuel buyers, the spokesman said.
+  
+
diff --git a/reuters/training/13143 b/reuters/training/13143
new file mode 100644
index 0000000000000000000000000000000000000000..debe1f5e34980cd49c21854b4d99c443b687a0b5
--- /dev/null
+++ b/reuters/training/13143
@@ -0,0 +1,5 @@
+U.S. BUSINESS LOANS FELL 822 MLN DLRS IN MARCH 25 WEEK, FED SAYS
+
+  U.S. BUSINESS LOANS FELL 822 MLN DLRS IN MARCH 25 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/13144 b/reuters/training/13144
new file mode 100644
index 0000000000000000000000000000000000000000..6efce21d789f875ff805ac0291a47e5604d64bb7
--- /dev/null
+++ b/reuters/training/13144
@@ -0,0 +1,14 @@
+BAKER REPEATS HE HOPES PRIME HIKE TEMPORARY
+  Treasury Secretary James Baker
+  reiterated his hope that this week's rise in prime rates would
+  be a temporary blip upwards.
+      "I would hope that it would simply be a temporary blip
+  upward as we've seen in the past," Baker said in television
+  interview with the Cable News Network. The interview airs
+  tomorrow but CNN released extracts from his remarks today.
+      Baker also repeated his position that the reaction of
+  financial markets to U.S. tariffs on Japanese electronic goods
+  showed "the importance of the United States not going
+  protectionist. The markets were telling us...be careful."
+  
+
diff --git a/reuters/training/13148 b/reuters/training/13148
new file mode 100644
index 0000000000000000000000000000000000000000..49199bdb7ecec82d2a9401eba3e7027e09e20e2e
--- /dev/null
+++ b/reuters/training/13148
@@ -0,0 +1,3 @@
+ 3-APR-1987 16:24:53.34
+   3-APR-1987 16:24:53.34
+
diff --git a/reuters/training/13149 b/reuters/training/13149
new file mode 100644
index 0000000000000000000000000000000000000000..e91703092836b4d4dedcd7d5d0bbe8e9367bf7c8
--- /dev/null
+++ b/reuters/training/13149
@@ -0,0 +1,31 @@
+U.S. MEAT PROCESSORS ASK FOR LABELLING CHANGE
+  Four U.S. meat processors have asked
+  the federal government to relax a labelling requirement which
+  they said discourages the use of mechanically separated meat,
+  the U.S. Agriculture Department said.
+      The petition, filed by Bob Evans Farms, Odom Sausage Co,
+  Sara Lee Corp and Owens Country Sausage, asks USDA to allow
+  mechanically separated meat to be listed on product labels as
+  the species from which it was derived.
+      For example, "pork" would be listed on the ingredients
+  statement instead of "mechanically separated pork."
+      Under the petition, the calcium content of the meat product
+  would have to be stated on the label and the mechanically
+  separated meat could constitute no more than 10 pct of the meat
+  and poultry portion of the product.
+      Mechanically separated meat is a high-protein, low-cost
+  product that has been approved for use since 1978, USDA said.
+      Current regulations allow use of mechanically separated
+  ingredients at levels up to 20 pct of the meat and poultry
+  product, but require it to be listed in the ingredient
+  statement as "mechanically separated (species)," USDA said.
+      USDA said the petitioning firms claimed companies avoid
+  using mechanically separated meat in their products because the
+  term carries an "unwarranted negative connotation" in the minds
+  of many consumers. The petitioners also noted that no similar
+  regulation exists for poultry products.
+      Mechanically separated meat is made by placing carcass
+  parts, which usually have been hand-trimmed but still have some
+  remaining meat, into specialized processing equipment.
+  
+
diff --git a/reuters/training/1315 b/reuters/training/1315
new file mode 100644
index 0000000000000000000000000000000000000000..a6f0c65d38e37c838ecd19d3c8b18f1caa0621d5
--- /dev/null
+++ b/reuters/training/1315
@@ -0,0 +1,16 @@
+TELXON CORP <TLXN> SEES HIGHER REVENUES
+  Telxon Corp reported it expects
+  revenues for the quarter ending March 31 to be between 26 to 28
+  mln dlrs.
+      The company said earnings per share for the period should
+  be between 23 cts to 26 cts.
+      "The company is making an announcement at this time in
+  response to analysts fourth quarter revenues and earnings per
+  share estimates of 29 mln to 32 mln and 24 cts to 30 cts,
+  respecivtely," said Raymond Meyo, president and chief executive
+  officer.
+      Telxon recorded revenues of 24.2 mln dlrs for the quarter
+  last year, and earnings per share of 22 cts, adjusted for a
+  three-for-two stock split in May 1986.
+  
+
diff --git a/reuters/training/13151 b/reuters/training/13151
new file mode 100644
index 0000000000000000000000000000000000000000..9808c449230c72a947aa65139fc6da0db74c1dec
--- /dev/null
+++ b/reuters/training/13151
@@ -0,0 +1,10 @@
+IROQUOIS BRANDS <IBL> REBUFFS LYON FOODS CLAIMS
+  Iroquois Brands Ltd said it has
+  been sued by Lyon Food Cos Inc which is seeking 2.3 mln dlrs in
+  damages in connection with the April 1986 nine mln dlrs
+  purchase of Iroquois' former specialty food products segment.
+      Iroquois said that based upon the defenses it will assert,
+  it does not believe that any charge against income is required
+  as a result of the claim.
+  
+
diff --git a/reuters/training/13157 b/reuters/training/13157
new file mode 100644
index 0000000000000000000000000000000000000000..581ce192b3bd24b4d901532d0e4c9bd208337391
--- /dev/null
+++ b/reuters/training/13157
@@ -0,0 +1,58 @@
+FEBRUARY FOMC VOTES UNCHANGED MONETARY POLICY
+  The Federal Open Market Committee at
+  its February 10-11 meeting voted nine to one to maintain the
+  then-existing degree of reserve restraint, minutes showed.
+      The FOMC issued an asymmetric inter-meeting policy
+  directive which gave greater possibility to firmer rather than
+  easier policy. The Committee set a six to seven pct January
+  through March annualized growth target for M-2 and M-3 and no
+  M-1 goal. At the prior meeting in mid-December, the FOMC set a
+  seven pct target for M-2 and M-3 for November through March.
+      The February FOMC kept the four to eight pct Federal funds
+  rate "reference" range for policy, as in other recent meetings.
+      At a telephone conference on February 23, committee members
+  discussed the possible implications of the decisions reached in
+  Paris for U.S. intervention in foreign exchange markets. No
+  conclusions were contained in the minutes.
+      In its inter-meeting policy directive, the February FOMC
+  said that "somewhat greater reserve restraint would, or
+  slightly lesser reserve restraint might, be acceptable
+  depending on the behavior of the aggregates, taking into
+  account the strength of the business expansion, developments in
+  foreign exchange markets, progress against inflation, and
+  conditions in domestic and international credit markets."
+      The February FOMC voted nine to one for an unchanged
+  policy. Thomas Melzer, St Louis Federal Reserve Bank president
+  favored some tightening of reserve conditions.
+      He noted the strong growth in bank loans in November
+  through January and the firm federal funds rate that had
+  prevailed despite the extraordinary pace of reserve growth. He
+  also cited the recent declines in the dollar's value.
+      Finally, looking ahead, Melzer pointed out the potential
+  for a further rise in inflationary expectations. He believed
+  that prompt restraints might avert the need for more
+  substantial tightening later.
+      Regarding inter-meeting policy adjustments, the FOMC
+  minutes showed, "the members generally felt that policy
+  implementation should be especially alert to the potential need
+  for some firming of reserve conditions."
+      In this view, the FOMC said somewhat greater reserve
+  restraint would be warranted if monetary growth did not slow in
+  line with current expectations and there were concurrent
+  indications of intensifying inflationary pressures against the
+  background of stronger economic data.
+      One indication of potential price pressure might be a
+  further tendency for the dollar to weaken.
+      The minutes showed that one member, presumably Melzer,
+  preferred a directive that did not contemplate any easing
+  during the weeks ahead. However, "most of the members did not
+  want to rule out the possibility of some slight easing during
+  the inter-meeting period, although they did not view the
+  conditions for such a move as likely to emerge."
+      The FOMC members assumed that future fluctuations in the
+  dollar's value would not be of sufficient magnitude to have any
+  significant effect on the Fed's economic projections. In
+  addition, they anticipated that considerable progress would be
+  made in reducing the federal budget deficit.
+  
+
diff --git a/reuters/training/13158 b/reuters/training/13158
new file mode 100644
index 0000000000000000000000000000000000000000..b06d684fbe412ebff6aca8286243ef297a780769
--- /dev/null
+++ b/reuters/training/13158
@@ -0,0 +1,3 @@
+ 3-APR-1987 16:36:25.80
+   3-APR-1987 16:36:25.80
+
diff --git a/reuters/training/13159 b/reuters/training/13159
new file mode 100644
index 0000000000000000000000000000000000000000..3ecdb031baa56f5eff35b19304dec5db361c0ee3
--- /dev/null
+++ b/reuters/training/13159
@@ -0,0 +1,9 @@
+U.S. BUSINESS LOANS FELL 822 MLN DLRS
+  Business loans on the books of major
+  U.S. banks, excluding acceptances, fell 822 mln dlrs to 277.94
+  billion dlrs in the week ended March 25, the Federal Reserve
+  Board said.
+      The Fed said that business loans including acceptances fell
+  971 mln dlrs to 280.22 billion dlrs.
+  
+
diff --git a/reuters/training/1316 b/reuters/training/1316
new file mode 100644
index 0000000000000000000000000000000000000000..87fb80f2f4653f40313194834b1f6ebc590904d9
--- /dev/null
+++ b/reuters/training/1316
@@ -0,0 +1,17 @@
+ROYAL RESOURCES <RRCO> SETS VOTE ON SALE
+  Royal Resources Corp said its board set
+  an April 21 a shareholders' meeting to vote on the sale of its
+  oil and gas properties for 3,650,000 dlrs, an increase in
+  authorized common to 20 mln shares from 15 mln and the change
+  of the company's name to Royal Gold Inc.
+      The company has agreed to sell its oil and gas properties
+  to <Victoria Exploration N.L.> of Perth, Western Australia.
+      Royal Resources also said the sale of its interest in two
+  gold properties -- the Colosseum Mine in San Bernardino County,
+  Calif., and the Camp Bird mine near Ouray, Colo. -- was closed
+  on February 27. The company said it received 4.4 mln dlrs and
+  cancellation of the remaining balance due on the acquisition of
+  the interest, adding this represents 2.5 mln dlrs more than it
+  paid for the interest.
+  
+
diff --git a/reuters/training/13162 b/reuters/training/13162
new file mode 100644
index 0000000000000000000000000000000000000000..b0598b2739310b14c02b965a441c2092517c2258
--- /dev/null
+++ b/reuters/training/13162
@@ -0,0 +1,20 @@
+ARGENTINE GRAIN SHIPMENTS IN THE WEEK TO APRIL 1
+  The Argentine Grain Board issued
+  the following figures covering shipments of major export grains
+  in the week to April 1, in tonnes, with comparisons for the
+  previous week and the same week in 1986.
+      Bread wheat        235,800    205,700    115,500
+      Maize              158,400    189,000    272,700
+      Sorghum             26,500     18,700     39,900
+      Soybean                nil        nil        nil
+      Sunflowerseed        1,800     18,800        nil
+      Cumulative figures for April 1 and this calendar year, with
+  the previous year's figures in brackets, are as follows, in
+  thousands of tonnes:
+      Bread wheat        64.3   (44.5),    3,074.4   (2,851.4)
+      Maize              48.3  (107.7),      486.1     (922.4)
+      Sorghum             5.1   (22.2),      108.1     (188.8)
+      Soybean             nil    (nil),        nil       (nil)
+      Sunflowerseed       0.9    (nil),       43.2       (nil)
+  
+
diff --git a/reuters/training/13163 b/reuters/training/13163
new file mode 100644
index 0000000000000000000000000000000000000000..68e4e848eff914b10a65ced4c4f09284f0159a98
--- /dev/null
+++ b/reuters/training/13163
@@ -0,0 +1,9 @@
+TEXAS AMERICAN <TXA> BANKS TO BE MERGED
+  Texas American Bancshares Inc
+  said three of its Texas American banks will be merged into
+  Texas American Bank/Galleria.
+      The corporation said the Spring Branch, Fonderen and
+  Gulfway Texas American banks will become separate banking
+  offices of TAB/Galleria.
+  
+
diff --git a/reuters/training/13165 b/reuters/training/13165
new file mode 100644
index 0000000000000000000000000000000000000000..672134ccf2b95f43e9dc305b77eb30a225026b82
--- /dev/null
+++ b/reuters/training/13165
@@ -0,0 +1,13 @@
+BIW CABLE SYSTEMS INC <BIWC> 4TH QTR LOSS
+  Shr loss 1.50 dlrs vs loss 14 cts
+      Net loss 3,395,933 vs loss 318,225
+      Revs 8,963,097 vs 12.6 mln
+      Year
+      Shr loss 2.93 dlrs vs profit two cts
+      Net loss 6,613,327 vs profit 49,421
+      Revs 44.4 mln vs 48.7 mln
+      NOTE: Current periods include 2.2 mln dlr charge for
+  possible obsolete inventory and provision of 356,000 dlrs for
+  consolidation of cable manufacturing plant.
+  
+
diff --git a/reuters/training/13168 b/reuters/training/13168
new file mode 100644
index 0000000000000000000000000000000000000000..e48df5b1f0cbdfa30963b6129ba0879f57acf608
--- /dev/null
+++ b/reuters/training/13168
@@ -0,0 +1,19 @@
+DOE ISSUES OFFER TO BUY ALASKA POWER UNIT
+  The U.S. Energy Department issued a
+  request for proposals to buy the Snettisham Hydroelectric
+  project, a major part of the Alaska Power Administration.
+      It said invitations were sent to two Alaskan electric
+  utilities, the city and borough of Anchorage and the state of
+  Alaska.  It did not cite a possible purchase prices.
+      The requests were limited to Alaskan entities because the
+  purpose of privatization of the administration was to put the
+  local utility into the hands of a local body, the DOE said.
+      It added that proposals are due back by August three.
+      The DOE said it then had 120 days to select a proposal that
+  it would recommend to Congress, which then would vote the
+  recommendation up or down.
+      Proposals to buy the other major part of the Alaska Power
+  Administration, the Eklutna project, was expected to be issued
+  in early June, it said.
+  
+
diff --git a/reuters/training/1317 b/reuters/training/1317
new file mode 100644
index 0000000000000000000000000000000000000000..38be50676fe420c9d6f53205371b73c76a160b83
--- /dev/null
+++ b/reuters/training/1317
@@ -0,0 +1,7 @@
+AMERICAN VANGUARD CORP <AMGD> YEAR NET
+  Shr 57 cts vs 27 cts
+      Net 1,002,000 vs 470,000
+      Sales 15.9 mln vs 12.0 mln
+      Note: 4th qtr figures not given.
+  
+
diff --git a/reuters/training/13170 b/reuters/training/13170
new file mode 100644
index 0000000000000000000000000000000000000000..46a962db48bf79cecc598e4a9c187eef4f4bf071
--- /dev/null
+++ b/reuters/training/13170
@@ -0,0 +1,14 @@
+IBC COULD CLOSE MAY EXPORT REGISTRATIONS TONIGHT
+  The Brazilian Coffee Institute
+  (IBC) could close May export registrations tonight following
+  extremely heavy sales today, exporters said.
+      They estimated registrations today at between 1.0 mln and
+  1.2 mln 60 kilo bags. Yesterday 645,000 bags were registered.
+      The exporters said over 1.0 mln bags of total registrations
+  could have been the declaration of sales made in the six weeks
+  during which books were closed. The rest would be new sales.
+      When the IBC opened May registrations from yesterday it did
+  not set any volume limit. April registrations opened and closed
+  on February 16 when a daily record 1.68 mln bags were declared.
+  
+
diff --git a/reuters/training/13172 b/reuters/training/13172
new file mode 100644
index 0000000000000000000000000000000000000000..6400538fe993f3e125a589f0e4d9b10e2a2681d6
--- /dev/null
+++ b/reuters/training/13172
@@ -0,0 +1,13 @@
+PERU CONSUMER PRICES RISE 5.3 PCT IN MARCH
+  peru's consuemr price index rose 5.3 pct
+  last month to 13,914.4 (base 100) following a 5.3 pct increase
+  in february and 5.3 pct rise in march 1986, the national
+  statistics institute said.
+      It said that the accumulated inflation for the first three
+  months of 1987 was 18.5 pct compared to 15.4 pct for the same
+  period last year.
+      Inflation for the 12-month period ending march 1987 was
+  67.4 pct compared to 120.8 pct for the 12-month period ending
+  march 1986.
+  
+
diff --git a/reuters/training/13173 b/reuters/training/13173
new file mode 100644
index 0000000000000000000000000000000000000000..afee91beee9cdd00e641f32b8cf844b4ed853c21
--- /dev/null
+++ b/reuters/training/13173
@@ -0,0 +1,11 @@
+ARGENTINE GRAIN/OILSEED EXPORT PRICES ADJUSTED
+  The Argentine Grain Board adjusted
+  minimum export prices of grain and oilseed products in dlrs per
+  tonne FOB, previous in brackets, as follows:
+      Maize 71 (72), grain sorghum 65 (66).      
+      Roasted groundnutseed, according to grain size, 510 (520),
+  400 (410), 375 (385), 355 (365).               
+      Soybean pellets for shipments through May 164 (162) and
+  June onwards 161 (159).
+  
+
diff --git a/reuters/training/13174 b/reuters/training/13174
new file mode 100644
index 0000000000000000000000000000000000000000..01ea0d205ff8a8ef7bb7713310eadf0930520643
--- /dev/null
+++ b/reuters/training/13174
@@ -0,0 +1,11 @@
+WAREHOUSE CLUB <WCLB> TO TAKE CHARGE
+  Warehouse Club Inc said it expects to
+  take a one-time charge of about five mln dlrs on its June 30
+  third quarter results from closing of two unprofitable Chicago
+  area units.
+      The company said it will continue to operate 12 warehouses
+  in Illinois, Indiana, Michigan, Ohio and Pennsylvania.
+      It added that it expects future operating results to be
+  improved because of the closing of the two warehouses.
+  
+
diff --git a/reuters/training/13175 b/reuters/training/13175
new file mode 100644
index 0000000000000000000000000000000000000000..0aa8056fb8b797d19cfe6cb80e50f7d63c842273
--- /dev/null
+++ b/reuters/training/13175
@@ -0,0 +1,8 @@
+SCI <SCIS> BUYS FORTUNE <FSYS> COMPUTER ASSETS
+  Fortune Systems Corp and SCI
+  Systems Inc said they signed a letter of intent covering the
+  purchase of Fortune's microcomputer business assets for an
+  unspecified amount of cash.
+      Fortune Systems makes a desktop computer systems.
+  
+
diff --git a/reuters/training/13179 b/reuters/training/13179
new file mode 100644
index 0000000000000000000000000000000000000000..307c1098b28d8278aa6a33b15557bbc3b2a9917b
--- /dev/null
+++ b/reuters/training/13179
@@ -0,0 +1,54 @@
+EXPORT BUSINESS - GRAINS/OILSEEDS COMPLEX
+  Grain and oilseed complex export
+  business reported since yesterday by government agencies and
+  private exporters -
+      Japanese crushers bought 4,000 to 5,000 tonnes of Canadian
+  rapeseed in export business overnight for May shipment...Greece
+  has agreed to buy 27,000 to 33,000 tonnes of Spanish corn for
+  spot shipment, with Italy buying 6,000 to 7,000 tonnes of
+  Spanish corn for last/half April shipment, a spokesman for
+  cargill's spanish unit said...Taiwan bought 54,000 tonnes of
+  U.S. soybeans for April 20/May 5 delivery C and F...
+      (Continued) - The India State Trading Corp bought 20,000
+  tonnes of optional origin soybean oil for May 20/June 20
+  shipment and 6,000 tonnes of RBD palm olein for April 25/May 25
+  shipment at its import tender yesterday...Pakistan rejected
+  offers at its tender for 12,000 tonnes of RBD palm oil, but is
+  expected to retender next week...The U.S. Department of
+  Agriculture (USDA) said it has accepted a bid for an export
+  bonus to cover the sale of 50,000 tonnes of U.S. hard red
+  winter wehat to Sri Lanka for April 8/16 shipment, with an
+  additional 10,000 tonnes of wheat still available to Sri Lanka
+  under the Export Enhancement Program (EEP)...
+      (Continued) - The USDA said it has accepted a bid for an
+  export bonus to cover the sale of 18,000 tonnes of U.S. durum
+  wheat to Algeria for June 20/30 shipment, with an additional
+  228,000 tonnes still available to Algeria under the EEP.
+      Tenders - Jordan will tender Monday, April 6, for 225,000
+  tonnes of U.S. hard and soft wheats for various April/Nov
+  shipments under the EEP.
+      Market talk and comment - The USDA said Turkey has been
+  made eligible for the sale of up to 70,000 tonnes of medium
+  grain milled rice under the EEP...
+      Market talk and comment (continued) - The USDA announced
+  Colombia has been made eligible for sale of up to 15,000 tonnes
+  of U.S. barley malt under the EEP...The Canadian Grain
+  Commission reported Canadian wheat exports in the week ended
+  March 29 totalled 447,200 tonnes, compared with 277,700 the
+  previous week, with 1986/87 season exports so far up to
+  10,228,600 tonnes versus 10,637,500 for the 1985/86 season,
+  with barley exports 38,800 tonnes, 106,700 tonnes, 4,804,500
+  and 1,892,600 respectively, rapeseed 43,900 tonnes, 50,700
+  tonnes, 1,292,600 and 920,000 respectively and flaxseed 20,700
+  tonnes, 13,600 tonens, 450,900 and 392,600 respectively...
+      Market talk and comment (continued) - Pakistan is not
+  emerging as a major wheat exporter as World market prospects
+  are not good enough, a government official said...Active
+  timecharter fixing by Soviet operators to cover USSR grain
+  imprts featured the ocean freight market this morning, ship
+  brokers said...Dry cargo futures on the BIFFEX extended
+  yesterday's strong advance, with sharp gains of 22 to 17 points
+  in response to rumors of higher rates for grain business from
+  the U.S. Gulf to Japan, dealers said.
+  
+
diff --git a/reuters/training/13180 b/reuters/training/13180
new file mode 100644
index 0000000000000000000000000000000000000000..f1e644dd4dff398d6ba2c3d63a44176163257125
--- /dev/null
+++ b/reuters/training/13180
@@ -0,0 +1,12 @@
+CULLEN/FROST <CFBI> TO OMIT DIVIDEND
+  Cullen/Frost Bankers Inc said
+  it will defer paying a cash dividend for the next 12 months,
+  due to the economic slump in the Texas economy. It previously
+  paid a five cents a share dividend in recent quarters.
+      It also said its first quarter earnings ended March 31,
+  which it said it will release later this month, will be similar
+  to its fourth quarter earnings last year.
+      In 1986 the company reported a loss of 6,565,000 dlrs or 91
+  cts a share.
+  
+
diff --git a/reuters/training/13182 b/reuters/training/13182
new file mode 100644
index 0000000000000000000000000000000000000000..ada2c0e29d4d893e60cf402f8df2971260198782
--- /dev/null
+++ b/reuters/training/13182
@@ -0,0 +1,14 @@
+INVESTOR GROUP CUTS ROSPATCH <RPCH> STAKE
+  A group of New York investors said it
+  lowered its stake in Rospatch Corp to 170,250 shares, or 7.0
+  pct of the total outstanding common stock, from 202,108 shares,
+  or 8.3 pct.
+      In a filing with the Securities and Exchange Commission,
+  the group said it sold a net 31,858 shares of Rospatch common
+  stock between February  2 and March 31 at prices ranging from
+  21.50 to 25.13 dlrs a share.
+      The group includes Brookehill Equities Inc, a brokerage
+  firm, and Moore, Grossman and deRose Inc, an investment
+  advisor.
+  
+
diff --git a/reuters/training/13184 b/reuters/training/13184
new file mode 100644
index 0000000000000000000000000000000000000000..0107bb30b8294e225a84b079dee6bf93b143cce3
--- /dev/null
+++ b/reuters/training/13184
@@ -0,0 +1,19 @@
+COLOMBIA'S MAIN OIL PIPELINE ATTACKED
+  State-run oil company Ecopetrol said
+  Colombia's main oil pipeline was bombed again and pumping of
+  170,000 barrels per day was suspended.
+      A spokeswoman for the company said that the early morning
+  dynamite attack was the 31st in the last nine months on the
+  Cano Limon-Covenas pipeline, which links Colombia's biggest
+  oilfied at Cravo Norte to the Caribbean.
+      She said about 2,000 barrels of crude were spilled and
+  could not indicate when pumping would resume. The attack was
+  near Magangue in northeastern Bolivar province.
+      Ecopetrol is exploiting Cravo Norte in association with
+  Occidental Petroleum Corp <OXY> and Shell Petroleum N.V., a
+  unit of the Royal Dutch/Shell Group <RD> <ST>.
+      Ecopetrol said in a communique that bombings since last
+  July led to a loss of more than 110,000 barrels of crude, or
+  the equivalent of 10 mln dlrs.
+  
+
diff --git a/reuters/training/13185 b/reuters/training/13185
new file mode 100644
index 0000000000000000000000000000000000000000..ce8b76e425720d2b2299572cbee99658f1f98c07
--- /dev/null
+++ b/reuters/training/13185
@@ -0,0 +1,27 @@
+U.S. DEFENDS STOCKPILED TIN SALES IN 1986
+  The United States defended its sales
+  of stockpiled tin in 1986 in reaction to criticism from
+  Malaysian miners who have said it violated an agreement with
+  southeast Asian producers.
+      "The United States has continued to abide by the spirit of
+  the memorandum of understanding and has consulted with the
+  ASEAN states on GSA tin disposals," a State Department spokesman
+  said in a statement.
+      "The views of the ASEAN governments have been taken into
+  account in determining disposal levels," the statement said.
+      The United States and the ASEAN countries signed a
+  memorandum of understanding concerning tin disposals by the
+  U.S. General Services Administration (GSA) in December 1983.
+      In its latest annual report, the States of Malaya Chamber
+  of Mines said the GSA sold 5,490 tonnes of tin in 1986, well
+  above an agreed upon annual limit of 3,000 tonnes. "The United
+  States appears to have lost sight of the U.S./ASEAN Memorandum
+  of Understanding," it said.
+      The State Department statement said GSA tin disposals
+  increased in calendar year 1986 due to changed market
+  conditions. During the first quarter of calendar year 1987,
+  they have been running at a lower rate compared to 1986.
+      The spokesman declined to say how much stockpiled tin the
+  GSA sold last year, however.
+  
+
diff --git a/reuters/training/13186 b/reuters/training/13186
new file mode 100644
index 0000000000000000000000000000000000000000..a9aeccbbd97daa7395607bbf3d1edd8ce3534762
--- /dev/null
+++ b/reuters/training/13186
@@ -0,0 +1,11 @@
+LOCTITE <LOC> SEES BETTER THAN EXPECTED NET
+  Loctite Corp said it expects
+  third quarter earnings to be higher than security analysts'
+  forecasts of 75 to 80 cts a share.
+      Last year the company earned 53 cts per share in the third
+  quarter.
+      It attributed its better than expected forecast to sales
+  growth, which it said were particularly strong overseas. It
+  also said it will have a lower effective tax rate.
+  
+
diff --git a/reuters/training/13187 b/reuters/training/13187
new file mode 100644
index 0000000000000000000000000000000000000000..ca2844baf3cba15da6e579cfed8324920b514278
--- /dev/null
+++ b/reuters/training/13187
@@ -0,0 +1,24 @@
+TIME <TL> SEES DILUTION FROM SCOTT, FORESMAN
+  Time Inc said the acquisition of Scott,
+  Foresman and Co last year will dilute earnings per share by
+  about 17 cts a share for the full year in 1987.
+      For the first quarter the acquisition will have a negative
+  impact of about 20 cts per share, chief financial officer
+  Thayer Bigelow told security analysts.
+      He said Scott, Foresman, a textbook publisher, will
+  contribute more than 50 mln dlrs in operating income before
+  depreciation and amortization for the full year.
+      N.J. Nicholas, president and chief operating officer, said
+  Soctt Foresman will have over 200 mln dlrs in revenue in 1987.
+      Bigelow said the textbook business, which normally has its
+  highest profit in the third quarter and incurs a loss in the
+  first quarter, will have an "adverse impact of 15 mln dlrs' on
+  book publishing income for the first quarter.
+      "First quarter performance for the rest of Time Inc will be
+  better than last year," Bigelow said.
+      The dilution of 17 cts per share for 1987 includes the
+  effects of financing the acquisition. Bigelow also said the
+  company is "comfortable" with estimates that earnings will be
+  between 3.75 dlrs and 4.25 dlrs per share for the year.
+  
+
diff --git a/reuters/training/13188 b/reuters/training/13188
new file mode 100644
index 0000000000000000000000000000000000000000..735937c93aac02ecc613e280cd81b1f6bd5ed45d
--- /dev/null
+++ b/reuters/training/13188
@@ -0,0 +1,9 @@
+CYACQ TERMINATES TENDER FOR CYLCOPS <CLY>
+  CYACQ Corp said it terminated its
+  February six tender offer for Cyclops Corp.
+      CYACQ was unsuccessfully bid against Dixons Group Plc for
+  control of Cyclops. As of March 27, Dixons Group Plc had
+  acquired more than 80 pct the stock under an increased tender
+  offer.
+  
+
diff --git a/reuters/training/13189 b/reuters/training/13189
new file mode 100644
index 0000000000000000000000000000000000000000..b111104f3da33039246da60b8db3d174e47e9d5c
--- /dev/null
+++ b/reuters/training/13189
@@ -0,0 +1,14 @@
+INVESTOR LIFTS MYERS <MYR> STAKE TO 12.1 PCT
+  Leonard Chavin, a Chicago real estate
+  developer who has said he is considering seeking control of
+  L.E. Myers Co Group, said he raised his stake in the company to
+  273,100 shares, or 12.1 pct, from 219,600, or 9.7 pct.
+      In a filing with the Securities and Exchange Commission,
+  Chavin said he bought 53,500 Myers common shares between March
+  10 and 31 at prices ranging from 5-1/2 to six dlrs a share.
+      Last January, Chavin said he retained investment banker
+  R.G. Dickinson and Co to advise him on his Myers stock
+  dealings. He has also said he would be unable to seek control
+  of Myers unless he gets financing.
+  
+
diff --git a/reuters/training/13190 b/reuters/training/13190
new file mode 100644
index 0000000000000000000000000000000000000000..a913142db1e269a0b8ff406671fdcc26ef486847
--- /dev/null
+++ b/reuters/training/13190
@@ -0,0 +1,11 @@
+IBC REGISTERS 1.4 MLN BAGS OF EXPORT SALES
+  The Brazilian Coffee Institute
+  today registered 1.4 mln 60 kilo bags of green coffee for May
+  shipment, an IBC statement said.
+      This brings the total in the two days registrations have
+  been open to 2.05 mln, including 4,868 bags of soluble.
+      Today's registrations comprised 1,076,226 bags to members
+  and 326,259 to non-members of the International Coffee
+  Organisation. No soluble sales were registered today.
+  
+
diff --git a/reuters/training/13191 b/reuters/training/13191
new file mode 100644
index 0000000000000000000000000000000000000000..d07b5a690d9e98baa6fd49f6e5492333f013fa6f
--- /dev/null
+++ b/reuters/training/13191
@@ -0,0 +1,14 @@
+U.S. COMPANY EARNINGS HIGHLIGHTS
+  First Quarter
+   Anchor Financial Corp shr 31 cts vs 31
+   Nine Months
+   Biomet Inc shr 49 cts vs 36
+   Federal Co shr 3.55 dlrs vs 1.66
+   Richardson Electronics shr 59 cts vs 53
+   Year
+   Eac Industries Inc oper shr loss 65 cts vs
+   loss 97 cts
+   Fine Art Acquisitions shr 15 cts vs 10
+   Mangood Corp oper shr loss 6.07 dlrs vs  loss  7.64
+  
+
diff --git a/reuters/training/13192 b/reuters/training/13192
new file mode 100644
index 0000000000000000000000000000000000000000..3c33b75f62009cb3cec40e2ed3cd1b036577dbce
--- /dev/null
+++ b/reuters/training/13192
@@ -0,0 +1,10 @@
+FREEDOM SAVINGS AND LOAN ASS'N <FRDM> YEAR END
+  Shr loss 31.09 dlrs vs loss 1.86 dlrs
+      Net loss 112.7 mln vs loss 5.5 mln
+      NOTE: 1986 loss includes operating loss of 109.4 mln dlrs
+  or 30.21 dlrs a share, including an additional loan loss
+  provision of 68 mln dlrs, write downs in the value of real
+  estate of 13 mln dlrs and an extraordinary loss of 3.3 mln dlrs
+  for early retirement of long-term debt.
+  
+
diff --git a/reuters/training/13194 b/reuters/training/13194
new file mode 100644
index 0000000000000000000000000000000000000000..7c6335a4379686225e811c50e441e1c0d81543a5
--- /dev/null
+++ b/reuters/training/13194
@@ -0,0 +1,14 @@
+INVESTOR MULLS KAPPA<KPA>-RADIATION<RADS> MERGER
+  Michael Krupp, a Golden, Colo.,
+  businessman and major shareholder of Kappa Networks Inc, said
+  he and Kappa's management are considering seeking a merger
+  between Kappa and Radiation Systems Inc.
+      In a filing with the Securities and Exchange Commission,
+  Krupp said companies he controls and Kappa acquired a combined
+  292,000 Radiation System shares, or 5.25 pct of the total.
+      Krupp, who has a 24.4 pct stake in Kappa, said he and Kappa
+  management believe a Kappa-Radiation Systems combination would
+  be good for both companies. But no decision has been made on
+  whether or how to proceed with a merger attempt, he added.
+  
+
diff --git a/reuters/training/13195 b/reuters/training/13195
new file mode 100644
index 0000000000000000000000000000000000000000..e44c667f7f89e32e3295088ab5f230b16860b650
--- /dev/null
+++ b/reuters/training/13195
@@ -0,0 +1,8 @@
+OLIN <OLN> UNIT ACQUIRES IMAGE TECHNOLOGY
+  Olin Corp's Olin Hunt
+  Specialty Products Inc said it acquired Image Technology Corp
+  for undisclosed terms.
+      Image Technology makes chemicals for the semiconductor
+  industry.
+  
+
diff --git a/reuters/training/13196 b/reuters/training/13196
new file mode 100644
index 0000000000000000000000000000000000000000..3dc4095e60cd3a7123a0db48c261f054bbf6e139
--- /dev/null
+++ b/reuters/training/13196
@@ -0,0 +1,9 @@
+KEY CENTURION <KEYC> TO BUY BANK OF BUCKHANNON
+  Key Centurion Bancshares Inc
+  said it reached an agreement in principle to acquire Central
+  National Bank of Buckhannon, in W. Virginia.
+      Terms call for an exchange of 2.75 shares of Centurion
+  shares for each share of Central National. The transaction is
+  valued at 16.2 mln dlrs.
+  
+
diff --git a/reuters/training/13197 b/reuters/training/13197
new file mode 100644
index 0000000000000000000000000000000000000000..811fe42787792ac9d6047611ad8f86784521b6b7
--- /dev/null
+++ b/reuters/training/13197
@@ -0,0 +1,10 @@
+STURM, RUGER SUBMITS BID FOR SMITH AND WESSON
+  Sturm, Ruger and Co Inc said it
+  submitted a bid in excess of 60 mln dlrs for Smith and Wesson,
+  a manufacturer of law enforcement firearms, and a unit of Lear
+  Siegler.
+      Smith and wesson is among a number of companies being sold
+  by Forstman and Little after its recent acquisition of Lear
+  Siegler.
+  
+
diff --git a/reuters/training/13199 b/reuters/training/13199
new file mode 100644
index 0000000000000000000000000000000000000000..15df98275a3b79de9866b1f2a679dd4973cd02b3
--- /dev/null
+++ b/reuters/training/13199
@@ -0,0 +1,14 @@
+FREEDOM SAVINGS <FRDM> MAY SEEK SALE OR MERGER
+  Freedom Savings and Loan Association
+  said it may seek a possible sale or merger of the association
+  as it reported a net loss of 112.7 mln dlrs or 31.09 dlrs a
+  share for 1986.
+      The loss included a number of charges, including additions
+  to its loan loss provision of 68 mln dlrs and write-downs on
+  the value of its real estate of 13 mln dlrs.
+      It said it is continuing to work with investment bankers to
+  find sources of new capital, return its non-performing assets
+  to earning status, and reduce operating expenses and
+  liabilities, among other things.
+  
+
diff --git a/reuters/training/132 b/reuters/training/132
new file mode 100644
index 0000000000000000000000000000000000000000..56f66ec3fbee873b4f839e791f2d20844ef4919e
--- /dev/null
+++ b/reuters/training/132
@@ -0,0 +1,3 @@
+26-FEB-1987
+  26-FEB-1987
+
diff --git a/reuters/training/1320 b/reuters/training/1320
new file mode 100644
index 0000000000000000000000000000000000000000..e51354f180d37f390140b950b583b64a8a9313a4
--- /dev/null
+++ b/reuters/training/1320
@@ -0,0 +1,12 @@
+HARPER INTERNATIONAL INC <HNT> 3RD QTR JAN 31
+  Shr 12 cts vs 19 cts
+      Net 369,000 vs 358,000
+      Revs 7,076,000 vs 6,712,000
+      Avg shrs 3,050,000 vs 1,850,000
+      Nine mths
+      Shr 53 cts vs 63 cts
+      Net 1,523,000 vs 1,158,000
+      Revs 22.6 mln vs 20.7 mln
+      Avg shrs 2,852,198 vs 1,850,000
+  
+
diff --git a/reuters/training/13200 b/reuters/training/13200
new file mode 100644
index 0000000000000000000000000000000000000000..1eb038d3eeb691ba956e46b30bfa635410a6242b
--- /dev/null
+++ b/reuters/training/13200
@@ -0,0 +1,14 @@
+BRAZIL MAKES SECOND AMAZON OIL DISCOVERY
+  The Brazilian state oil company
+  Petrobras has made a second oil discovery in the Amazon region,
+  President Jose Sarney said.
+      He said the well had an initial flow of 150,000 cubic
+  meters of gas and 220 barrels of oil per day. It is situated 14
+  kilometres from the first well to be discovered in the region
+  last year, which is currently yielding 500,000 cubic meters of
+  gas and 900 barrels of oil daily.
+      The wells, the biggest onshore well in the country, are on
+  the banks of the river Uruc in the Amazon basin 3,600
+  kilometres (2,250 miles) north of Brasilia.
+  
+
diff --git a/reuters/training/13201 b/reuters/training/13201
new file mode 100644
index 0000000000000000000000000000000000000000..c557c3e18994b4c69a30580b1ee76c1df8d4141c
--- /dev/null
+++ b/reuters/training/13201
@@ -0,0 +1,10 @@
+IBC CLOSES EXPORT REGISTRATIONS - EXPORTERS
+  The Brazilian Coffee Institute
+  (IBC) tonight closed export registrations, exporters said.
+      They said they heard of the closure from IBC officials but
+  no officials could be reached immediately for confirmation.
+      Earlier an IBC statement said registrations for May, the
+  only month which was open, today totalled 1.4 mln bags of 60
+  kilos to bring the total registered for the month to 2.05 mln.
+  
+
diff --git a/reuters/training/13203 b/reuters/training/13203
new file mode 100644
index 0000000000000000000000000000000000000000..cd6b9e19668d34facf655b3e2b7c634ca7b1bbe0
--- /dev/null
+++ b/reuters/training/13203
@@ -0,0 +1,6 @@
+TELEBYTE TECHNOLOGY INC <TBTI> YEAR
+  Shr loss 10 cts vs loss 13 cts
+      Net loss 197,779 vs loss 245,190
+      Revs 4.0 mln vs 3.1 mln
+  
+
diff --git a/reuters/training/13204 b/reuters/training/13204
new file mode 100644
index 0000000000000000000000000000000000000000..43d90c10fb79f0f9ea53985ca8ea2dfc2d8fdcba
--- /dev/null
+++ b/reuters/training/13204
@@ -0,0 +1,6 @@
+HOUSTON OIL ROYALTY TRUST <RTH> DISTRIBUTION
+  MONTHLY dist 2.1 cts vs 2.1 cts prior
+      Payable April 25
+      Record April 15
+  
+
diff --git a/reuters/training/13205 b/reuters/training/13205
new file mode 100644
index 0000000000000000000000000000000000000000..3954f79d72d8c8694d603e6f3c3bc89b097ad2e5
--- /dev/null
+++ b/reuters/training/13205
@@ -0,0 +1,9 @@
+PUBLISHERS EQUIPMENT <PECN>, TRENTONIAN IN DEAL
+  Publishers Equipment Corp said it reached
+  an agreement to incorporate flexo printing technology into The
+  Tentonian, an Ingersoll newspaper in Trenton, N.J.
+      It said that mid-1988 will be the target date for start-up
+  for the new equipment which will double the size of its present
+  press.
+  
+
diff --git a/reuters/training/13206 b/reuters/training/13206
new file mode 100644
index 0000000000000000000000000000000000000000..ba60b652ad517f8dc7d9e46c346057eafff208a9
--- /dev/null
+++ b/reuters/training/13206
@@ -0,0 +1,10 @@
+GABELLI GROUP CUTS GENCORP <GY> STAKE TO 6.3 PCT
+  A group led by New York investor
+  Mario Gabelli told the Securities and Exchange Commission it
+  cut its stake in Gencorp Inc to 1,410,184 shares, or 6.3 pct of
+  the total, from 1,626,233 shares, or 7.3 pct.
+      The Gabelli group said it sold 216,049 Gencorp common
+  shares between March 20 and 30 at prices ranging from 108.75 to
+  114.75 dlrs a share.
+  
+
diff --git a/reuters/training/13210 b/reuters/training/13210
new file mode 100644
index 0000000000000000000000000000000000000000..4b56e49b7a25f7af5f7f40cbf98de1512ab88434
--- /dev/null
+++ b/reuters/training/13210
@@ -0,0 +1,22 @@
+GABELLI EXPLAINS SALE OF GENCORP <GY> SHARES
+  Mario Gabelli, head of New York
+  investment firm Mario Gabelli and Co, said he sold some shares
+  of GenCorp Inc <GY> as part of a "portfolio rebalancing"
+  process to meet the needs of his more than 600 clients.
+      He said as the stock moved up following acquisition
+  proposals from a group formed by AFG Industries Inc <AFG> and
+  Wagner and Brown, some of his clients were overweighted.
+      Regarding the company's shareholders meeting Tuesday,
+  Gabelli told Reuters, "there was nothing said that caused me to
+  sell or buy." He still thinks "values are 140 dlrs per share or
+  more" and has clients that asked to buy more.
+      Gabelli said he amended certain filings with the Securities
+  and Exchange Commission because his clients are now passive
+  investors. "We wanted to remove our clients from the process
+  unfolding between GenCorp and Wagner and Brown," he said.
+      He said he was pleased that chairman A. William Reynolds
+  stated at the meeting that he found the concept of greenmail to
+  be "repugnant." Greenmail refers to a corporation buying out a
+  shareholder at a premium not available to others.
+  
+
diff --git a/reuters/training/13211 b/reuters/training/13211
new file mode 100644
index 0000000000000000000000000000000000000000..41960eded25b3d98525af5b01eb072e25b45e97a
--- /dev/null
+++ b/reuters/training/13211
@@ -0,0 +1,14 @@
+INVESTOR BOOSTS FIRST WESTERN <FWES> STAKE
+  Poul Erik Moller, a Santa Monica,
+  Calif., investor said he raised his stake in First Western
+  Financial Corp to 412,000 shares, or 6.5 pct of the total
+  outstanding common stock, from 347,000 shares, or 5.5 pct.
+      In a filing with the Securities and Exchange Commission
+  Moller said he bought 65,000 First Western common shares
+  between Jan 20 and March 26 at prices ranging from 10.000 to
+  10.625 dlrs a share.
+      Moller said he bought the stock as a long-term investment
+  and may buy more, but has no plans to seek control of the
+  company.
+  
+
diff --git a/reuters/training/13212 b/reuters/training/13212
new file mode 100644
index 0000000000000000000000000000000000000000..51b822f8e0ed68278cc9e96430b39ad767e14f76
--- /dev/null
+++ b/reuters/training/13212
@@ -0,0 +1,14 @@
+INVESTOR BOOSTS FIRST WESTERN <FWES> STAKE
+  Poul Erik Moller, a Santa Monica,
+  Calif., investor said he raised his stake in First Western
+  Financial Corp to 412,000 shares, or 6.5 pct of the total
+  outstanding common stock, from 347,000 shares, or 5.5 pct.
+      In a filing with the Securities and Exchange Commission
+  Moller said he bought 65,000 First Western common shares
+  between January 20 and March 26 at prices ranging from 10.000
+  to 10.625 dlrs a share.
+      Moller said he bought the stock as a long-term investment
+  and may buy more, but has no plans to seek control of the
+  company.
+  
+
diff --git a/reuters/training/13214 b/reuters/training/13214
new file mode 100644
index 0000000000000000000000000000000000000000..9938e1ad41b2047daa6ee5b3c1b47735ff5598b2
--- /dev/null
+++ b/reuters/training/13214
@@ -0,0 +1,9 @@
+<COMTERM INC> YEAR JAN 31 LOSS
+  Oper shr loss 30 cts vs profit eight cts
+      Oper net loss 5,887,996 vs profit 1,620,312
+      Revs 32.4 mln vs 48.5 mln
+      Note: 1987 net excludes extraordinary gain of 2.7 mln dlrs
+  or 14 cts shr from settlement of provision for discontinued
+  operations vs yr-ago tax gain of 562,248 dlrs or three cts shr.
+  
+
diff --git a/reuters/training/1322 b/reuters/training/1322
new file mode 100644
index 0000000000000000000000000000000000000000..a7a64be1638d5f815eea3d64170ba9d7cb6d7005
--- /dev/null
+++ b/reuters/training/1322
@@ -0,0 +1,6 @@
+WITCO CORP <WIT> SETS REGULAR QTLY PAYOUT
+  Qtly div 28 cts vs 28 cts prior
+      Pay April one
+      Record March 13
+  
+
diff --git a/reuters/training/13223 b/reuters/training/13223
new file mode 100644
index 0000000000000000000000000000000000000000..51b66a212a0b9f47781b1c63ebcb3323e41e37e6
--- /dev/null
+++ b/reuters/training/13223
@@ -0,0 +1,6 @@
+SABINE ROYALTY TRUST <SBR> SETS MONTHLY PAYOUT
+  Cash distribution 13.3 cts vs 8.4 cts prior
+      Pay April 29
+      Record April 15
+  
+
diff --git a/reuters/training/13224 b/reuters/training/13224
new file mode 100644
index 0000000000000000000000000000000000000000..9601eb814b188036003e6e6cd2e81e6a2f6834fd
--- /dev/null
+++ b/reuters/training/13224
@@ -0,0 +1,6 @@
+PROVIDENCE ENERGY CORP <PVY> REGULAR DIVIDEND
+  Qtly div 45 cts vs 45 cts prior
+      Pay May 15
+      Record April 24
+  
+
diff --git a/reuters/training/13225 b/reuters/training/13225
new file mode 100644
index 0000000000000000000000000000000000000000..a834dfc13a75c31fe314f241a9e57fe76316823a
--- /dev/null
+++ b/reuters/training/13225
@@ -0,0 +1,37 @@
+GULF STATES (GSU) SEES END TO CASH BY MAY
+  Gulf States Utilities Co said
+  its condition has "significantly deteriorated" and that its
+  operating cash reserves will be inadequate by May 1987 unless
+  it receives additional financing or rate relief from state
+  public utilities commissions in Texas and Louisiana.
+      In the company's newly-released annual report and 10-K
+  filing, Gulf States said its bank lenders had notified the
+  utility last month that no additional credit would be granted.
+  Gulf States said the banks had requested the utility to begin
+  making prepayments by the end of April of 45 mln dlrs more than
+  the estimated 1987 lease payments of 40 mln dlrs.
+      "The circumstances increase the likelihood that the company
+  may have to seek protection from its creditors under the
+  bankruptcy code," Gulf States said.
+      The utility had previously said it might be forced to
+  consider filing for bankruptcy because of limited rate
+  increases granted by state regulators in connection with Gulf
+  States' 4.3 billion dlr River Bend nuclear plant in Louisiana.
+      "If the regulatory commissions approve the company's
+  proposed rate moderation plan and grant the increases provided
+  for in such plan during the initial three-year phase-in period,
+  the company believes it could achieve financial stability,"
+  Gulf States said.
+      In February, the Texas Public Utilities Commission granted
+  Gulf States an interim rate increase of 39.9 mln dlrs
+  contingent upon the utility obtaining a new 250 mln dlr line of
+  credit to pay operating expenses. The utility had sought 144.1
+  mln dlrs in rate hikes in Texas.
+      Gulf States has appealed a decision by Louisiana state
+  regulators rejecting its application for 100 mln dlrs in
+  emergency rate relief.
+      In 1986, Gulf States earned 244.9 mln dlrs on revenues of
+  1.47 billion dlrs, compared to profits of 265.4 mln dlrs on
+  sales of 1.85 billion in the previous year.
+  
+
diff --git a/reuters/training/13230 b/reuters/training/13230
new file mode 100644
index 0000000000000000000000000000000000000000..905f5f00f9ed0ec628f901858468821c84505409
--- /dev/null
+++ b/reuters/training/13230
@@ -0,0 +1,5 @@
+ HK SHANGHAI BANK, STANDARD CHARTERED BANK RAISE PRIME ONE-HALF POINT TO 6.5 PCT.
+
+   HK SHANGHAI BANK, STANDARD CHARTERED BANK RAISE PRIME ONE-HALF POINT TO 6.5 PCT.
+  
+
diff --git a/reuters/training/13231 b/reuters/training/13231
new file mode 100644
index 0000000000000000000000000000000000000000..e79e55e104594de5c44fcb9f251022f0619232e5
--- /dev/null
+++ b/reuters/training/13231
@@ -0,0 +1,14 @@
+HONG KONG BANKS RAISE PRIME ONE-HALF POINT TO 6.5 PCT
+  Hongkong and Shanghai Banking Corp and
+  Standard Chartered Bank raised their prime rate one-half point
+  to 6.5 pct, effective Tuesday, the Association of Banks said.
+      The association said in a statement deposit rates have also
+  been increased by 1/4 to 1/2 percentage point.
+      The banks last announced an adjustment on February 28 when
+  they raised the prime rate by one point to six pct.
+      The deposit interest rates are now savings and 24 hours two
+  pct, seven-day call, one week and two weeks 2-1/4 pct, one
+  month and two months 2-3/4 pct, three and six months 3-1/4 pct,
+  nine months 3-1/2 pct and 12 months four pct.
+  
+
diff --git a/reuters/training/13232 b/reuters/training/13232
new file mode 100644
index 0000000000000000000000000000000000000000..f5814421982e3e73f68ac85dfb4b041b9f9804a8
--- /dev/null
+++ b/reuters/training/13232
@@ -0,0 +1,10 @@
+SOUTH KOREAN WHOLESALE PRICES UP 0.2 PCT IN MARCH
+  South Korea's wholesale price index, base
+  1980, rose 0.2 pct to 125.1 in March after a 0.2 pct rise in
+  February but was 0.6 pct lower than its March 1986 level, the
+  Bank of Korea said.
+      The March consumer price index, same base, rose 0.5 pct to
+  146.0 after a 0.1 pct gain in February, for a year-on-year rise
+  of 1.7 pct.
+  
+
diff --git a/reuters/training/13238 b/reuters/training/13238
new file mode 100644
index 0000000000000000000000000000000000000000..2af76615a43a217f3b7a4778507ccce1dc0daeec
--- /dev/null
+++ b/reuters/training/13238
@@ -0,0 +1,19 @@
+INSTITUTE SEES W.GERMAN OUTPUT FALL IN 1987
+  Production in the manufactured goods
+  industry has been falling since mid-1986 and will decline by
+  between one and two pct this year after a 2.5 pct increase in
+  1986, the Ifo economic institute said.
+      An Ifo report said recessionary influences were affecting
+  the engineering industry particularly. It saw a decline of two
+  to three pct in this sector after a 5.2 pct rise in 1986.
+      Orders, especially from abroad, were also falling sharply
+  for capital goods in the electronics sector, it added.
+      Ifo also predicted stagnation in the automobile industry in
+  1987 after a particularly successful 1986 when production rose
+  5.1 pct.
+      Chemical industry production, which fell by 0.9 pct last
+  year, was likely to stagnate or decline by one pct in 1987.
+  This sector suffered from slack demand from abroad and from low
+  domestic consumption.
+  
+
diff --git a/reuters/training/1324 b/reuters/training/1324
new file mode 100644
index 0000000000000000000000000000000000000000..4b83cf4714872742bdecfb0798e81eb5698cf28f
--- /dev/null
+++ b/reuters/training/1324
@@ -0,0 +1,5 @@
+PANCANADIAN TO SELL NORTH SEA PROPERTIES, UNIT TO WHITEHALL FOR CASH
+
+  PANCANADIAN TO SELL NORTH SEA PROPERTIES, UNIT TO WHITEHALL FOR CASH
+  
+
diff --git a/reuters/training/13242 b/reuters/training/13242
new file mode 100644
index 0000000000000000000000000000000000000000..16cea8c2398aacf0976b9e0fbae4747c15c48c81
--- /dev/null
+++ b/reuters/training/13242
@@ -0,0 +1,9 @@
+IBC CLOSES EXPORT REGISTRATIONS - IBC OFFICIAL
+  The Brazilian Coffee Institute
+  (IBC) confirmed having closed May export registrations,
+  effective April 6.
+      On Friday night exporters said they had heard of the
+  closure from IBC officials, but the officials could not at the
+  time be reached for confirmation.
+  
+
diff --git a/reuters/training/13243 b/reuters/training/13243
new file mode 100644
index 0000000000000000000000000000000000000000..efb1e732493b221d7fb09d77faf34b46a76e1d74
--- /dev/null
+++ b/reuters/training/13243
@@ -0,0 +1,31 @@
+LAWSON SAYS U.K. ELECTION NOT ONLY EMS BAR
+  British Chancellor of the
+  Exchequer Nigel Lawson said the next U.K. Election was not the
+  only element standing in the way of full British membership of
+  the European Monetary System (EMS).
+      But he added that arguments against joining had weakened.
+      Prime Minister Margaret Thatcher, widely believed to be the
+  strongest government opponent of full EMS membership, has made
+  clear she does not expect to consider joining until after the
+  next UK election, due by mid-1988 at the latest.
+      But Lawson, in answer to a question, told reporters after
+  an informal European Community finance ministers' meeting here
+  that other factors apart from the upcoming election stood in
+  the way of full membership.
+      In addition to the question of the exchange rates at which
+  Britain should enter the EMS's core exchange rate mechanism,
+  there was also the impact of sterling membership on the system
+  to be considered, he said.
+      British entry would change the EMS from a monopolar system
+  based on the West German mark to a bipolar mark-sterling
+  system, he noted. "We have to make sure it would work."
+      But Lawson added that some of the considerations that had
+  made it difficult for Britain to join in the past now posed
+  less of a problem.
+      As an example he cited sterling's role as a petrocurrency,
+  which he said was diminishing. "That argument has clearly
+  weakened," he said.
+      Lawson restated that the government was keeping the
+  question of membership under review.
+  
+
diff --git a/reuters/training/13244 b/reuters/training/13244
new file mode 100644
index 0000000000000000000000000000000000000000..df44f88d1019aa7a38036400136a1533b25a0060
--- /dev/null
+++ b/reuters/training/13244
@@ -0,0 +1,76 @@
+EC AGREES ON NEED TO STRENGTHEN EMS
+  European Community (EC)
+  finance ministers and central bankers agreed on the need for
+  greater cooperation to strengthen the European Monetary System
+  (EMS) against international market turbulence, officials said.
+      "There was a general will to reinforce the European Monetary
+  System, with all that implies," Belgian Finance Minister Mark
+  Eyskens said yesterday after hosting a one-day session of
+  informal talks at this Belgian coastal resort.
+      The gathering was the first such discussion since the
+  second major realignment of EMS parities within nine months in
+  January.
+      The system has come under severe strain as funds have
+  flowed out of the slumping dollar and into the dominant EMS
+  currency, the West German mark, sending it soaring against
+  weaker currencies in the system.
+      But Eyskens said February's agreement between leading
+  western industrialised nations to stabilise exchange rates at
+  around current levels was working and this would allow the EC
+  to speed up its efforts to boost the internal stability of the
+  EMS.
+      He told a news conference yesterday's meeting agreed on the
+  need for closer coordination among EMS member governments of
+  interest rate policies and of interest rate differentials
+  between different countries.
+      They also agreed they needed better coordination of
+  exchange market intervention to hold currencies stable, both
+  when they reached their fixed EMS limits and within their
+  agreed margins.
+      But Eyskens said this coordination raised a whole range of
+  technical problems and ministers would discuss these further in
+  Luxembourg in June on the basis of proposals from the EC's
+  Monetary Committee and Committee of Central Bank Governors.
+      He said the EC needed a set of indicators of economic
+  convergence betwen Community countries and it was important
+  that interest rates fulfilled this role together with exchange
+  rates and inflation rates.
+      The Belgian minister, whose country presently holds the
+  presidency of the community, made clear the meeting had not
+  produced any agreement to move radically forward in developing
+  the EMS towards the EC's long term goal of economic and
+  monetary integration.
+      "We have committed ourselves to reestablishing the normal
+  functioning of the system," Eyskens said.
+      Eyskens has repeatedly stressed that he believes the EMS
+  has to be reinforced if the EC's plans to liberalise all
+  movements of capital across national borders by 1992 are to go
+  ahead.
+      EC executive Commission President Jacques Delors told the
+  meeting the authority would put forward proposals for a final
+  phase of capital market liberalisation in October that would
+  include safeguard clauses for member countries for which the
+  move would create difficulties.
+      Eyskens said the ministers and central bankers also
+  discussed the need to "dedramatise" realignments of EMS parities
+  by letting high-ranking monetary officials carry them out by
+  telephone rather than calling a meeting of finance ministers.
+      However, West German sources said Bonn Finance Minister
+  Gerhard Stoltenberg was unenthusiastic about the idea.
+      British Chancellor of the Exchequer Nigel Lawson told
+  journalists that one of the technical issues raised by greater
+  coordination of exchange market intervention was the question
+  of which currencies should be used to intervene and held in
+  central bank reserves.
+      He said several EMS member countries believed the EMS would
+  work better if central banks held each other's currencies -- an
+  issue of particular importance regarding West Germany since the
+  Bundesbank holds only dollars in its foreign exchange reserves.
+      He said the debate on dedramatising EMS realignments
+  reflected a general feeling among participants that the way the
+  January reshuffle had been conducted was unsatisfactory.
+     The realignment was marked by acrimony between France and
+  West Germany, with each side blaming the other for strains in
+  the system that forced the parity overhaul.
+  
+
diff --git a/reuters/training/13245 b/reuters/training/13245
new file mode 100644
index 0000000000000000000000000000000000000000..458761fca7c886333f46a9bf6597e45e2edcfb3a
--- /dev/null
+++ b/reuters/training/13245
@@ -0,0 +1,26 @@
+ZAMBIAN CURRENCY FALLS AT FOREIGN EXCHANGE AUCTION
+  The Zambian currency further depreciated
+  yesterday at the second auction since the introduction of a
+  two-tier foreign exchange system last month.
+      The (central) Bank of Zambia said the kwacha was pegged at
+  16.99 to the dollar, compared to last week"s rate of 15 to the
+  dollar.
+      The bank, which offered six mln dlrs at the auction,
+  reported demand for 13.4 mln dlrs. At the previous auction, the
+  government offered eight mln dlrs.
+      Last month the government set a fixed exchange rate of nine
+  kwacha per dollar, subject to adjustment against a basket of
+  five currencies, for certain official transactions.
+      It also introduced a new weekly foreign exchange auction
+  only for parastatal organisations and the private sector, where
+  the exchange rate is allowed to float in accordance with market
+  demand.
+      The new auction system is designed to be more restrictive
+  than the previous one, suspended in January after the central
+  bank fell 10 weeks in arrears to successful bidders.
+      Under the new system, no bidder, except the the state oil
+  company Zimoil and the national airline Zambia Airways, is
+  allowed to bid for more than five pct of the foreign exchange
+  on offer.
+  
+
diff --git a/reuters/training/13247 b/reuters/training/13247
new file mode 100644
index 0000000000000000000000000000000000000000..051c6dd5e11ce4a27d3c4e100e7df1864e0945d5
--- /dev/null
+++ b/reuters/training/13247
@@ -0,0 +1,27 @@
+U.S. NAVY SAID INCREASING PRESENCE NEAR GULF
+  Defence Secretary Caspar Weinberger has
+  ordered the U.S. Navy to increase its presence near the Gulf in
+  an effort to fulfil President Reagan's pledge to keep oil
+  flowing to Europe and Japan, The New York Times reported.
+      The newspaper quoted Pentagon officials as saying the Navy
+  would keep the aircraft carrier Kitty Hawk on station in the
+  Arabian Sea and the rest of the Indian Ocean until May, three
+  months longer than planned.
+      The Navy would then have a carrier battle group of six to
+  eight warships in the area at all times rather than part of the
+  time, as happens now, the paper said.
+      The paper said that last month U.S. Intelligence sources
+  said they had spotted land-based anti-ship missiles of a
+  Chinese design known in the West as the HY-2 near the Strait of
+  Hormuz.
+      It said their purpose was seen as a signal Iran was ready
+  to continue and perhaps step up the Gulf shipping war against
+  Iraq.
+      U.S. Carriers or battleships would sail out of range of
+  those missiles, but within striking distance, the paper quoted
+  officials as saying.
+      From several hundred miles at sea, carriers could launch
+  aircraft bombing runs or missile strikes, and battleships could
+  fire long-range missiles, the paper said.
+  
+
diff --git a/reuters/training/13251 b/reuters/training/13251
new file mode 100644
index 0000000000000000000000000000000000000000..3a92868811f06f88f1cc8c57e135084cfebef120
--- /dev/null
+++ b/reuters/training/13251
@@ -0,0 +1,26 @@
+ALGERIAN, SPANISH FIRMS AGREE QUICKSILVER PRICE
+  Algerian and Spanish producers which
+  together meet 40 pct of the Western market's needs in
+  quicksilver have agreed to apply a minimum selling price of 300
+  dlrs per unit, the Algerian news agency APS said.
+      The agreement was made during a meeting here last week
+  between Algeria's Entreprise Nationale des Non-ferreux et
+  Substances Utiles (ENOF) and Spain's Almaden to discuss the
+  market situation.
+      The two firms "took note with regret that prices quoted by
+  some specialised publications do not reflect the reality of the
+  whole market since they take into account only part of the
+  deals made," a statement by ENOF said.
+      The result is that the prices quoted are far away from two
+  firms' production costs.
+      "They have thus decided that their selling price would not
+  be linked any more to the prices quoted by these publications
+  and that sales would be made at a minimum price of 300 dlrs fob
+  per jar, which is close to their production cost," the statement
+  said.
+      It added that Turkish producers would join in when the two
+  firms meet again in Madrid later this month.
+      The price of quicksilver on the London Metal Exchange
+  hovered around 200 dlrs this week.
+  
+
diff --git a/reuters/training/13255 b/reuters/training/13255
new file mode 100644
index 0000000000000000000000000000000000000000..cbd8863af20fd8162d11dcd47472f443db616885
--- /dev/null
+++ b/reuters/training/13255
@@ -0,0 +1,15 @@
+CHINA'S FOREIGN EXCHANGE RESERVES FALL DURING 1986
+  China's foreign exchange reserves
+  totalled 10.514 billion dlrs at end-1986, up from 10.37 billion
+  at end-September but down from 11.9 billion at end-1985,
+  according to central bank figures published by the New China
+  News Agency.
+      The agency said 2.072 billion dlrs of the reserves was held
+  by the state treasury, down from 2.26 billion at end-September,
+  while 8.442 billion was held by the Bank of China, up from 8.11
+  billion.
+      China's outstanding foreign debts rose to 7.572 billion at
+  end-1986 from 5.067 billion at end-1985. Gold reserves stood at
+  12.67 mln ounces, unchanged over the year.
+  
+
diff --git a/reuters/training/13256 b/reuters/training/13256
new file mode 100644
index 0000000000000000000000000000000000000000..baea463428f6fd29c1a18399a526450bdf551996
--- /dev/null
+++ b/reuters/training/13256
@@ -0,0 +1,64 @@
+IEA SEES ONE PCT GROWTH IN 1987 OECD OIL DEMAND
+  Growth in oil consumption in the Western
+  industrialised countries is likely to slow to around one pct
+  this year compared with 2.3 pct in 1986, the International
+  Energy Agency (IEA) said.
+      Oil use in the 24 countries of the OECD increased by around
+  one pct in first quarter 1987 to 35.9 mln bpd, the IEA said in
+  its Monthly Oil Market Report.
+      Growth in OECD countries is expected to come primarily from
+  transport fuels, as in 1986. But if average consumer prices are
+  higher than 1986, the rate of growth for these fuels may be
+  below last year's 3.6 pct, it said.
+      The IEA said that assuming crude oil and product prices
+  stay close to current levels, some destocking by end-users can
+  be expected. If that happens, natural gas will also regain some
+  of the market share it lost to heavy fuel in 1986, and there
+  may be slightly less growth in transport fuels.
+      IEA estimates on April 1 put oil stocks in the OECD area at
+  428 mln tonnes, representing 98 days of forward consumption.
+  This is about the same level as at the begining of the year.
+      The agency said this flat trend is explained by the
+  projected seasonal consumption decline in the second quarter of
+  the year which offset a reduction in stocks.
+      It said initial estimates indicate that company stocks fell
+  by 1.2 mln bpd in OECD countries in the first quarter of the
+  year. This followed a small rise in January of 0.4 mln bpd but
+  a decline of 1.5 mln bpd in February and 2.5 mln bpd in March.
+      It is possible that final data will show a larger draw,
+  particulary for March, it said. As crude production also fell,
+  there is likely to have also been a decline in non-reported
+  stocks, particularly at sea, the IEA said.
+      Company stocks on land in the OECD rose to 326 mln tonnes
+  on April 1 against 316 mln on April 1 1986. Governments built
+  up strategic stocks to 102 mln tonnes against 97 mln in the
+  period.
+      The year-on-year trend of government stock building is
+  continuing with year-on-year company stocks also rising, more
+  or less in line with consumption, after declining for five
+  years, the IEA noted.
+      Oil stocks on land in the U.S. And Canada were put at 206.6
+  mln tonnes on April 1, down from the 214 mln tonnes on January
+  1 and equivalent to 94 and 98 days of consumption,
+  respectively.
+      Oil stocks in Western Europe were 147.4 mln tonnes on April
+  1, down from the 154 mln on January 1 but still equivalent to
+  94 days of consumption.
+      World oil supply fell in the first quarter by about two mln
+  bpd to 45.2 mln bpd from 47.2 mln bpd in last quarter 1986.
+      This drop was mostly due to a decline in OPEC crude
+  production to around 15.5 mln bpd in February/March from 16.5
+  mln bpd in January and to the seasonal drop in exports from
+  centrally-planned Economies, the IEA said.
+      Total OPEC crude oil supply was 15.8 mln bpd in the first
+  quarter, plus 1.4 mln bpd of NGLs, compared with 17.3 mln bpd
+  of crude in the last three months of 1986 and 17.9 mln average
+  for the whole of 1986. Supply from non-OPEC countries totalled
+  28 mln bpd, against 28.5 mln bpd in the fourth quarter 1986.
+      A drop in Saudi Arabian output to a tentatively forecast
+  3.3 mln bpd in March from 3.6 mln bpd in February was the
+  largest factor behind the OPEC production decline, the IEA
+  said.
+      Saudi Arabia"s Opec-assigned output quota is 4.133 mln bpd.
+  
+
diff --git a/reuters/training/13258 b/reuters/training/13258
new file mode 100644
index 0000000000000000000000000000000000000000..63a7c80439d4944a1b2111161accc48af3701a11
--- /dev/null
+++ b/reuters/training/13258
@@ -0,0 +1,40 @@
+MARCH U.S. PURCHASING MANAGERS INDEX UP AT 53.9
+  The U.S. economy in March improved at a
+  faster rate than in February, with the National Association of
+  Purchasing Management's composite index rising to 53.9 pct from
+  51.9 pct, the NAPM said.
+      The first quarter average for the index also was 53.9 pct.
+  The NAPM said that, if this average were to continue for the
+  rest of 1987, it would be consistent with real gross national
+  product growth of about three pct.
+      An index reading above 50 pct generally indicates that the
+  economy is in an expanding phase. One below 50 pct implies a
+  declining economy.
+      The NAPM said the economic improvement was evident in all
+  of the indicators in the index except inventories, which
+  declined slightly.
+      New orders rose sharply in March, with production also
+  higher. Vendor deliveries slowed, another sign that the economy
+  improved in March. Employment expanded for the first time since
+  August 1984.
+      Robert Bretz, chairman of the NAPM's business survey
+  committee and director of materials management at Pitney Bowes
+  Inc <PBI> said "the economy ended the first quarter with a
+  healthy, if not substantial improvement."
+      Bretz said the sharp rise in the growth of new orders in
+  March assures a good beginning for the second quarter.
+      Some 50 pct of the purchasing managers reported that they
+  were paying higher prices in March than at the end of 1986. Of
+  those paying higher prices now, the average increase was put at
+  2.5 pct.
+      The estimated average price increase anticipated by members
+  for the remainder of 1987 is 2.1 pct. While prices continue to
+  rise, the NAPM said that most purchasers do not see them as
+  being significant.
+      The composite index is a seasonally adjusted figure, based
+  on five components of the NAPM business survey - new orders,
+  production, vendor deliveries, inventories and employment.
+      The monthly report is based on questions asked of
+  purchasing managers at 250 U.S. industrial companies.
+  
+
diff --git a/reuters/training/1326 b/reuters/training/1326
new file mode 100644
index 0000000000000000000000000000000000000000..8937ad2586d03ff5205c890c1dec069bc3af4f11
--- /dev/null
+++ b/reuters/training/1326
@@ -0,0 +1,6 @@
+<MDS HEALTH GROUP LIMITED> IN QTLY PAYOUT
+  Qtly div six cts vs six cts prior
+      Pay April one
+      Record March 23
+  
+
diff --git a/reuters/training/13261 b/reuters/training/13261
new file mode 100644
index 0000000000000000000000000000000000000000..c75a0c70d79d935e8404adbadd3a691279a10c3f
--- /dev/null
+++ b/reuters/training/13261
@@ -0,0 +1,90 @@
+U.S. CREDIT MARKET OUTLOOK - CAUTIOUS TRADING
+  U.S. Bond trading is likely to remain
+  cautious in the near term with a possible downward price bias
+  as market participants focus on trends in the dollar, the
+  economy and Federal Reserve policy, economists said.
+      Most expect the economy to continue showing modest gains,
+  that the dollar has more room to fall and that the Fed will
+  keep policy essentially steady, perhaps for several months.
+      Until trends are clearer, "the market can only attempt to to
+  establish and hold a new trading range at higher interest
+  rates," said economists at Merrill Lynch Capital Markets.
+      Merrill Lynch economists Raymond Stone and Ward McCarthy
+  said that while the fundamentals generally bode for a healthy
+  investment climate, the market will have no confidence in this
+  environment until there is illumination of and confidence in
+  U.S. Dollar/trade policy.
+      Salomon Brothers' Henry Kaufman said the bond market,
+  highly sensitized to dollar movements, could be encouraged if
+  currency markets seem to be stabilizing or if U.S. And overseas
+  economic growth is perceived as slowing sharply.
+      "The crucial question, however, is how soon either of these
+  developments is likely to occur," Kaufman said.
+      "Market uncertainties and the erosion of portfolio manager
+  confidence could continue portfolio selling pressure a while
+  longer," said Philip Braverman, chief economist at Irving
+  Securities Corp.
+      However, Braverman said that, "from a longer term
+  perspective, current (bond) prices provide a buying
+  opportunity."
+      Despite a nearly one-point bond price rebound Friday on
+  unexpectedly weak March employment data, key 30-year Treasury
+  bonds lost 2-1/4 points in price for the week as a whole and
+  Thursday's 7.93 pct closing yield was a 1987 high.
+      Braverman said historical evidence suggests that a long
+  bond yield in the 7.93 pct area provides a basis for optimism.
+  Bonds closed at 7.86 pct on Friday.
+      The Irving economist noted that three times last year, in a
+  similar "paroxysm of pessimism," the key bonds reached a similar
+  closing yield high. Within three to six weeks in each instance,
+  however, Braverman said bond prices recovered to bring the
+  yield down sharply by 63 to 82 basis points.
+      Mitchell Held of Smith Barney, Harris Upham and Co Inc said
+  that many portfolio managers now believe yields could approach
+  nine pct by midyear, which he considers unlikely.
+      Held said that, since late 1986, Smith Barney analysts have
+  spoken about the risk that interest rates could move higher and
+  they continue to believe that an upward bias is likely to
+  persist over the next few months.
+      Held said that in conversations with portfolio managers
+  last week there appeared to be increasing belief that the rate
+  rise had just begun and that yields could approach nine pct by
+  midyear. Naturally, that would mean a sharp bond price fall.
+      "Yields could rise further over the next few months, but the
+  rise should be less than the 65 basis point rise we've seen
+  since the start of the year," Held said.
+      Most expect Fed policy to be neutral for bonds near term.
+      "The Fed is currently frozen into a fixed stance," said
+  economists at Aubrey G. Lanston and Co Inc.
+      They said the Fed cannot tighten policy and push up
+  interest rates as might be appropriate to stabilize the dollar
+  and head off renewed inflationary psychology. That might harm
+  the fragile U.S. Economic expansion.
+      The Lanston economists said, "The Fed cannot ease its policy
+  stance to both foster more rapid economic growth and calm
+  domestic and Third World debt jitters without the threat of
+  causing a further decline in the dollar."
+      Minutes of February's Federal Open Market Committee (FOMC)
+  meeting released Friday showed that while the FOMC left policy
+  unchanged it was more inclined to firm rather than ease policy
+  later if conditions in the economy, foreign exchange or credit
+  markets warranted a policy shift.
+      However, economists generally believe that continued fairly
+  sluggish U.S. Economic growth and the financial strains on U.S.
+  Banks resulting from their problem loans to developing
+  countries rule out any Fed policy firming.
+      There is broad agreement among economists that the FOMC at
+  last Tuesday's meeting also left Fed policy unchanged.
+      This week's U.S. Economic data are expected to have little
+  impact. February consumer instalment credit numbers are due on
+  Wednesday, with March producer price data out Friday.
+      There may be mild relief in some quarters that the U.S.
+  Purchasing Managers Composite Index, a closely-watched economic
+  indicator, rose only to 53.9 pct in March from 51.9 pct. A
+  Friday rumor had put the number far higher. The index's first
+  quarter average also was 53.9 pct, translating into real GNP
+  growth of about three pct if continued through 1987.
+      Federal funds traded at 5-15/16 pct late Friday and are
+  expected to open about there today with no Fed action seen.
+  
+
diff --git a/reuters/training/13262 b/reuters/training/13262
new file mode 100644
index 0000000000000000000000000000000000000000..3a516fd8346acedac5e0651b1eee8b9a04e37e12
--- /dev/null
+++ b/reuters/training/13262
@@ -0,0 +1,14 @@
+NATIONAL AUSTRALIA BANK LOWERS BENCHMARK PRIME
+  National Australia Bank Ltd <NABA.S>
+  said it lowered its benchmark prime lending rate to 18.25 pct
+  from 18.5, effective today, but left its base rate at 18.5.
+      The benchmark reduction brings the rate into line with the
+  prime rates of most of Australia's trading banks, including
+  those of two of the other three major trading banks.
+      However, the rate is above the 18 pct - the lowest ruling
+  rate - set by the other major, the Australia and New Zealand
+  Banking Group Ltd <ANZA.S>, on Friday and effective today.
+      The benchmark is based on short-term interest rate
+  movements while the base rate is tied to longer-term trends.
+  
+
diff --git a/reuters/training/13263 b/reuters/training/13263
new file mode 100644
index 0000000000000000000000000000000000000000..56fec3cb1cb7df5ac316d7b733485a8f997ecb7a
--- /dev/null
+++ b/reuters/training/13263
@@ -0,0 +1,62 @@
+CAESARS WORLD BOARD APPROVES RECAPITALIZATION
+  Caesars World Inc <CAW> said its
+  directors unanimously approved a recapitalization plan under
+  which stockholders will get a cash distribution of 25 dlrs per
+  share via a one-time special cash dividend and will retain
+  their common stock ownership in Caesars World.
+      Caesars World said it expects to raise the approximately
+  one billion dlrs needed to pay the 25 dlr per share dividend
+  and the expenses of recapitalization through around 200 mln
+  dlrs in bank borrowings and a public sale of approximately 800
+  mln dlrs of debt. Some outstanding debt will be retired.
+      Drexel Burnham Lambert Inc, Caesars' financial advisor, has
+  told the company it is confident it can arrange the entire
+  financing needed for the recapitalization.
+      Henry Gluck, chairman and chief executive officer of the
+  hotel, casino and resorts company, said in a statement the
+  board believes the recapitalization plan is financially
+  superior to a 28 dlr a share tender offer by Martin Sosnoff.
+      Gluck said the Caesars World board once again recommends
+  that shareholders reject the Sosnoff offer.
+      The stock closed at 29.25 dlrs a share on Friday.
+      "Our ability to restructure along these lines is possible
+  primarily because of the financial stability and the strong
+  operating results achieved by management in recent years," Gluck
+  said.
+      He said that after the recapitalization takes effect,
+  proforma net income for the fiscal year ended July 31, 1988 is
+  expected to be about 28.7 mln dlrs.
+      Fiscal 1988 primary earnings per share are projected to be
+  76 cents, based on about 37.8 mln in post-recapitalization
+  common and common-equivalent shares outstanding.
+      Commenting on the company's longer term earnings outlook,
+  Gluck said "we project net income to increase to 86.2 mln dlrs
+  in 1992, reflecting increased operating income and lower
+  interest expense due to the retirement of 267 mln dlrs of debt
+  incurred in connection with the recapitalization."
+      He said the company does not usually release projections,
+  but has done so now beause of the significance of the
+  recapitalization.
+      Gluck said the recapitalization plan will be submitted for
+  stockholder approval at a special meeting expected in June.
+      The plan will require the approval of stockholders and that
+  of the Nevada and New Jersey gaming regulatory authorities.
+      As part of the plan, the company will change its state of
+  incorporation from Florida to Delaware by means of a merger of
+  Caesars World into a wholly owned subsidiary of the company.
+      The new incorporation certificate and bylaws will provide
+  for, among other things, a "fair price" provision requiring that
+  certain transactions with interested 15 pct stockholders be
+  approved by an 80 pct vote of stockholders, excluding shares
+  held by such interested stockholders.
+      Caesars World said in a statement that "the cash
+  distribution will result in a substantial deficit in
+  stockholders' equity." It did not give an estimate of the size
+  of this deficit.
+      But the company said its financial advisors have said they
+  believe that after the recapitalization, Caesars World should
+  have the financial flexibility and resources necessary to
+  finance its current and projected operating and capital
+  requirements.
+  
+
diff --git a/reuters/training/13265 b/reuters/training/13265
new file mode 100644
index 0000000000000000000000000000000000000000..010fee1f3d396b839d9064e0af77c8b9379cbfea
--- /dev/null
+++ b/reuters/training/13265
@@ -0,0 +1,35 @@
+AUSTRALIAN GAS LIGHT CO COUNTER-BIDS FOR TMOC
+  <The Australian Gas Light Co> (AGL) said it
+  will offer one share plus one dlr cash for every two shares in
+  oil and gas producer <TMOC Resources Ltd> in a counter-bid to
+  the previously reported takeover offer by Santos Ltd <STOS.S>.
+      The offer values TMOC shares at 4.75 dlrs each, based on
+  AGL's closing price of 8.50 dlrs on Friday. TMOC shares jumped
+  to 4.60 dlrs on the announcement from its Friday closing price
+  of 4.15.
+      The AGL offer, the third to be made for TMOC this year,
+  compares with the Santos cash offer of 4.00 dlrs a share.
+      Based on TMOC's issued capital of 62.08 mln shares, the AGL
+  offer values the entire company at 249.9 mln shares.
+      AGL said in a statement that it already holds 10.5 pct of
+  TMOC's issued capital. This compares with the Santos stake of
+  3.1 pct when it announced its bid in March 23.
+      <Elders Resources Ltd> began the auction for TMOC about
+  three months ago with an unsuccessful 2.55 dlrs a share
+  on-market offer that has since lapsed.
+      AGL said its offer is above the upper end of the range of
+  values placed on TMOC by its advisers in the company's response
+  urging rejection of the Elders Resources bid.
+      AGL said it will make the same offer for TMOC's convertible
+  notes. Accepting share and note holders will participate in
+  AGL's planned one-for-one bonus issue.
+      It said TMOC is already a partner with AGL in the Alice
+  Springs to Darwin gas pipeline and has a number of businesses
+  complementary with those of AGL.
+      AGL is the New South Wales natural gas utility while TMOC
+  has extensive onshore holdings, mainly in Queensland where it
+  owns the Moonie oil field and in the Northern Territory where
+  it operates and holds 43.75 of the Mereenie oil-gas field. It
+  also has interests in a number of gas or oil pipelines.
+  
+
diff --git a/reuters/training/13266 b/reuters/training/13266
new file mode 100644
index 0000000000000000000000000000000000000000..2a19f1dae4c95ba9ca84c318adcce0a780bfbb5f
--- /dev/null
+++ b/reuters/training/13266
@@ -0,0 +1,61 @@
+IEA FORECASTS SLOWER GROWTH IN OECD OIL DEMAND
+  Growth in oil consumption in the Western
+  industrialized countries is likely to slow to around one pct
+  this year compared with 2.3 pct in 1986, the International
+  Energy Agency said.
+      Oil use in the 24 member countries of the Organization for
+  Economic Cooperation and Development (OECD) increased by around
+  one pct in the first quarter of 1987 to 35.9 mln barrels a day,
+  the IEA said in its latest monthly report.
+      Growth in OECD countries is expected to come primarily from
+  transport fuels, as was the case in 1986. But if average
+  consumer prices are higher than 1986, the rate of growth for
+  these fuels may be below last year's 3.6 pct.
+      The IEA said assuming crude and product prices remain nar
+  current levels, some destocking by end-users can be expected.
+      If that takes place, natural gas will also regain some of
+  the market share it lost to heavy fuel in 1986, it said.
+      IEA estimates on April one put oil stocks held in the OECD
+  area at 428 mln tonnes, or 98 days of forward consumption. This
+  is about the same as at the begining of the year.
+      The agency said this flat trend is explained by the
+  projected seasonal consumption decline in the second quarter of
+  the year which offset a reduction in stocks.
+      Company stocks on land in the OECD rose to 326 mln tonnes
+  on April one this year compared with 316 mln tonnes in calender
+  1986 while governments also built up their strategic stocks to
+  102 mln tonnes against 97 mln in 1986.
+      The year-on-year trend of government stock building is
+  continuing with company stocks rising, more or less in line
+  with consumption, after declining for five years, IEA said.
+      Oil stocks on land in the United States and Canada were put
+  at 206.6 mln tonnes down from the 214 mln tonnes on January one
+  and equivalent to 94 and 98 days of consumption, respectively.
+      Oil stocks in Western Europe were 147.4 mln tonnes, down
+  from the 154 mln tonnes on January one but still equivalent to
+  94 days of consumption.
+      The IEA said that initial estimates indicate that company
+  stocks fell by 1.2 mln bpd in OECD countries in the first
+  quarter of the year. This followed a small rise in January of
+  400,000 bpd but a decline of 1.5 bpd in February and 2.5 bpd in
+  March.
+      And it is possible that final data will show a larger draw,
+  particulary for March, it said.
+      As crude production also fell, there is likely to have also
+  been a decline in non-reported stocks, particularly at sea, the
+  IEA said.
+      World oil supply fell through the first quarter by about
+  two bpd to 45.2 bpd from 47.5 bpd in the last quarter of 1986.
+      This drop was mostly due to a decline in OPEC crude
+  production to around 15.5 bpd in February/March from 16.5 bpd
+  in January and to the seasonal drop in exports from Centrally
+  Planned Economies, the IEA said.
+      Total OPEC oil supply totalled 17.2 bpd in the first
+  quarter of 1987 compare with 19.3 bpd in the last three months
+  of 1986 while supply from non-OPEC countries totalled 28 bpd as
+  against 28.2 bpd in the same 1986 period.
+      A drop in Saudi Arabian output to a tentatively forecast
+  3.3 bpd in march from 3.6 bpd in February was the largest
+  factor behind the OPEC production decline, the IEA said.
+  
+
diff --git a/reuters/training/13269 b/reuters/training/13269
new file mode 100644
index 0000000000000000000000000000000000000000..8855593cdca2fb0fcfd65c94047903d23d402b27
--- /dev/null
+++ b/reuters/training/13269
@@ -0,0 +1,18 @@
+PHILIPPINE COFFEE EXPORTS SEEN FALLING SHARPLY
+  Philippine coffee exports are expected
+  to fall sharply due to a combination of the International
+  Coffee Organisation's (ICO) decision not to revive export
+  quotas and higher local prices, ICO Certifying Agency official
+  Dante de Guzman told Reuters.
+      He said exporter registrations dropped from an average
+  weekly 500 tonnes in March to 45 tonnes last week, with exports
+  in coffee year 1986/87, ending September, forecast to total
+  about 8,000 tonnes against 48,000 in 1985/86.
+       "Because of the relatively higher level of domestic prices,
+  it has become difficult to service exports," de Guzman said,
+  adding that most exporters are taking a wait and see attitude.
+      Coffee production was expected to drop slightly to about
+  one mln bags of 60 kg each in the 1986/87 crop year ending June
+  from 1.1 mln bags last year, he said.
+  
+
diff --git a/reuters/training/1327 b/reuters/training/1327
new file mode 100644
index 0000000000000000000000000000000000000000..ff269784806af3dc2530bfdf11a9a185bb75d687
--- /dev/null
+++ b/reuters/training/1327
@@ -0,0 +1,13 @@
+HARPER INTERNATIONAL INC <HNT> 3RD QTR NET
+  Qtr ended Jan 31
+      Shr 12 cts vs 19 cts
+      Net 369,000 vs 358,000
+      Revs 7,076,000 vs 6,712,000
+      Avg shrs 3,050,000 vs 1,850,000
+      Nine mths
+      Shr 53 cts vs 63 cts
+      Net 1,523,000 vs 1,158,000
+      Revs 22.6 mln vs 20.7 mln
+      Avg shrs 2,852,198 vs 1,850,000
+  
+
diff --git a/reuters/training/13270 b/reuters/training/13270
new file mode 100644
index 0000000000000000000000000000000000000000..e2a131e7ee104e81f457a768e3bf07bb94e2971c
--- /dev/null
+++ b/reuters/training/13270
@@ -0,0 +1,14 @@
+MIYAZAWA SEES BIG NATIONS REAFFIRMING PARIS PACT
+  Finance Minister Kiichi Miyazawa told a
+  parliamentary committee he expects major nations to reafffirm
+  the currency pact they struck in Paris when they meet this week
+  in Washington, political sources said.
+      The Minister also was quoted as saying he expects major
+  nations to take coordinated action to ensure exchange rate
+  stability.
+      Finance Ministry officials were unavailable for immediate
+  comment. In Paris on February 22, six nations - Britain,
+  Canada, France, Japan, the U.S. And West Germany - pledged to
+  cooperate to hold their currencies stable.
+  
+
diff --git a/reuters/training/13271 b/reuters/training/13271
new file mode 100644
index 0000000000000000000000000000000000000000..84993075d5c21a26d044768af8e2c79c682c59dc
--- /dev/null
+++ b/reuters/training/13271
@@ -0,0 +1,24 @@
+LEADING COCOA PRODUCERS DISCUSS INTERNATIONAL PACT
+  Leading cocoa producers will discuss
+  whether newly-agreed rules on an international cocoa buffer
+  stock will succeed in reversing a sharp fall in world prices
+  when they start four day's of talks here later today,
+  conference sources said.
+      Another topic likely to be discussed at the twice-yearly
+  meeting of the Cocoa Producer Alliance (CPA) is the pact's
+  second line of market support -- a witholding scheme under
+  which exporters can take up to 120,000 tonnes of cocoa off the
+  market if buffer stock purchases fail to defend prices.
+      The International Cocoa Organisation is due to discuss the
+  scheme at a meeting in June, and exporters could use the
+  Yaounde talks to work out a common position on the issue, the
+  sources said.
+      Delegates will also be briefed on arrangements for an
+  international cocoa research conference due to take place in
+  Santo Domingo in the Dominican Republic next month, CPA
+  secretary general D.S. Kamga said.
+      The 11-member CPA include the world's top three producers
+  of Ivory Coast, Brazil and Ghana and accounts for around 80 pct
+  of world output.
+  
+
diff --git a/reuters/training/13272 b/reuters/training/13272
new file mode 100644
index 0000000000000000000000000000000000000000..28b0f3791770dd66c1a75948a73242717e2969c9
--- /dev/null
+++ b/reuters/training/13272
@@ -0,0 +1,3 @@
+ 5-APR-1987 23:45:47.90
+   5-APR-1987 23:45:47.90
+
diff --git a/reuters/training/13274 b/reuters/training/13274
new file mode 100644
index 0000000000000000000000000000000000000000..2b0016b51d423bbb75b141a4e46f3934763e7b53
--- /dev/null
+++ b/reuters/training/13274
@@ -0,0 +1,14 @@
+SOUTH KOREA'S 1987 GNP SEEN GROWING NINE PCT
+  South Korea's gross national product (gnp)
+  is forecast to grow by nine pct in 1987, surpassing the
+  government's original forecast of eight pct and against a 12.5
+  pct rise in 1986, an Economic Planning Board report said.
+      The report reviewing the country's economy in the first
+  three months of this year said year-on-year gnp was
+  provisionally estimated to have grown by about 12 pct in the
+  period, against a 10.5 pct growth in the same 1986 period.
+      Board officials said the gnp rise in the January-March
+  period is due largely to increased exports, which totalled 9.34
+  billion dlrs against 6.9 billion a year earlier.
+  
+
diff --git a/reuters/training/1328 b/reuters/training/1328
new file mode 100644
index 0000000000000000000000000000000000000000..6134b9ab59e4c16afadd6f18b0a09cc29216d4a4
--- /dev/null
+++ b/reuters/training/1328
@@ -0,0 +1,5 @@
+BURST AGRITECH INC <BRZT> YEAR NOV 30 LOSS
+  Net loss 705,496 vs loss 182,766
+      Sales 642,590 vs 1,126,315
+  
+
diff --git a/reuters/training/13294 b/reuters/training/13294
new file mode 100644
index 0000000000000000000000000000000000000000..c1a31861ad3c920596ae4e33dfb2738547623fde
--- /dev/null
+++ b/reuters/training/13294
@@ -0,0 +1,13 @@
+THAI RICE EXPORTS FALL IN WEEK TO MARCH 31
+  Thailand exported 75,160 tonnes of rice
+  in the week ended March 31, down from 88,785 tonnes the
+  previous week, the Commerce Ministry said.
+      It said the government and private exporters shipped 36,552
+  and 38,608 tonnes respectively.
+      Private exporters concluded advance weekly sales for 22,086
+  tonnes against 44,483 tonnes the previous week.
+      Thailand exported 1.23 mln tonnes of rice in January/March,
+  down from 1.29 mln tonnes a year ago. It has commitments to
+  export another 381,171 tonnes this year.
+  
+
diff --git a/reuters/training/133 b/reuters/training/133
new file mode 100644
index 0000000000000000000000000000000000000000..56f66ec3fbee873b4f839e791f2d20844ef4919e
--- /dev/null
+++ b/reuters/training/133
@@ -0,0 +1,3 @@
+26-FEB-1987
+  26-FEB-1987
+
diff --git a/reuters/training/1331 b/reuters/training/1331
new file mode 100644
index 0000000000000000000000000000000000000000..71a96330b4d5f8a436803364fca26604dca2855f
--- /dev/null
+++ b/reuters/training/1331
@@ -0,0 +1,5 @@
+API SAYS DISTILLATE STOCKS OFF 4.4 MLN BBLS, GASOLINE OFF 30,000, CRUDE UP 700,000
+
+  API SAYS DISTILLATE STOCKS OFF 4.4 MLN BBLS, GASOLINE OFF 30,000, CRUDE UP 700,000
+  
+
diff --git a/reuters/training/13313 b/reuters/training/13313
new file mode 100644
index 0000000000000000000000000000000000000000..bf9aae7ed57f6b0247bb4c625089347fa91e4750
--- /dev/null
+++ b/reuters/training/13313
@@ -0,0 +1,22 @@
+CHINESE CROPS HIT BY FROST, SNOW AND RAIN IN MARCH
+  Wheat and rapeseed crops in east China
+  suffered considerable damage because of frost during a spell of
+  unusually cold weather in late March, the China Daily said.
+      It said average temperatures for the last 10 days of March
+  in most of east China were three to five degrees centigrade
+  below average. Snow fell in Jiangsu, Anhui, Hubei and Henan,
+  making early rice sowing difficult.
+      Heavy snow blanketted central and south Jilin and north
+  Liaoning, leaving farmland too muddy for spring ploughing and
+  sowing, the paper said.
+      The paper said rainfall during the last 10 days of March in
+  areas south of the Yangtze had been much higher than normal.
+      Heavy rain fell last Sunday in parts of Guangdong, ending a
+  particularly arid dry season and marking the start of the flood
+  season, it said. It gave no further details.
+      The New China News Agency said rain and snow in Henan had
+  improved the prospects for wheat, sown on 4.8 mln hectares, and
+  caused a drop in grain prices at rural fairs since late
+  February. It gave no 1986 figures for comparison.
+  
+
diff --git a/reuters/training/13315 b/reuters/training/13315
new file mode 100644
index 0000000000000000000000000000000000000000..1032c1984fb28b9564686cb53036372da7b6a371
--- /dev/null
+++ b/reuters/training/13315
@@ -0,0 +1,12 @@
+JAPAN CENTRAL BANK INTERVENES IN TOKYO AFTERNOON
+  The Bank of Japan intervened in early
+  afternoon Tokyo trading to support the dollar against active
+  selling by institutional investors and speculative selling by
+  overseas operators, dealers said.
+      The central bank had also bought dollars against the yen in
+  morning trade.
+      The dollar traded around 145.20/30 yen when trading began
+  in the afternoon here and weakened only slightly, the dealers
+  said.
+  
+
diff --git a/reuters/training/13317 b/reuters/training/13317
new file mode 100644
index 0000000000000000000000000000000000000000..c80d8c9a8dd2a97742d3f9c9ae499fc162446867
--- /dev/null
+++ b/reuters/training/13317
@@ -0,0 +1,5 @@
+CHASE-AMP BANK TO LOWER AUSTRALIAN PRIME RATE TO 17.75 PCT FROM 18.25 TOMORROW
+
+  CHASE-AMP BANK TO LOWER AUSTRALIAN PRIME RATE TO 17.75 PCT FROM 18.25 TOMORROW
+  
+
diff --git a/reuters/training/1332 b/reuters/training/1332
new file mode 100644
index 0000000000000000000000000000000000000000..247450740e3c1dc21ad40d92caa2ea49108f6a14
--- /dev/null
+++ b/reuters/training/1332
@@ -0,0 +1,14 @@
+ALCAN TO CLOSE WEST GERMAN SMELTER
+  Alcan Aluminium Ltd is closing its
+  aluminum smelter in Ludwigshafen, West Germany this June due to
+  high operating costs, an Alcan spokesman said.
+      The smelter, near Frankfurt, had annual capacity of about
+  44,000 tonnes but was operating at about half that in January,
+  spokesman Fernand Leclerc said.
+      Leclerc said Alcan decided it would cost too much to
+  modernize the plant.
+      He said there is a possibility the company will sell the
+  smelter, which currently employs 320 people, before its
+  scheduled closing.
+  
+
diff --git a/reuters/training/13320 b/reuters/training/13320
new file mode 100644
index 0000000000000000000000000000000000000000..3abb1a8c462167da3f3c77a43b80b39a9b940346
--- /dev/null
+++ b/reuters/training/13320
@@ -0,0 +1,25 @@
+KUWAIT MAY RE-REGISTER GULF TANKERS - NEWSPAPER
+  Kuwait may re-register part of its
+  tanker fleet with foreign flag jurisdictions, including the
+  U.S. And USSR, in an attempt to protect them from Iranian
+  missile attacks in the Gulf war zone, U.S. Officials were
+  quoted by the New York Times as saying.
+      The transfers would allow the country of registration to
+  escort Kuwaiti-owned ships in the Gulf. Kuwait had earlier
+  declined an offer of U.S. Naval escorts as too public an
+  admission of its need for protection, they said.
+      Kuwait is also looking at flagging-out to European
+  registries, the officials said.
+      Soviet flag tankers transporting Kuwaiti oil through the
+  Gulf may get Soviet escorts, the officials said.
+      Kuwait had earlier considered having both USSR and U.S.
+  Escorts, but the U.S. Was unwilling to give the Soviet Union a
+  naval role in the region, the newspaper quoted the officials as
+  saying.
+      Kuwait has backed Iraq in the seven-year war against Iran
+  and its ships have increasingly been the target of Iranian
+  attacks.
+      The U.S. And Kuwait have been negotiating for over a month
+  on methods of protecting Kuwaiti ships.
+  
+
diff --git a/reuters/training/13321 b/reuters/training/13321
new file mode 100644
index 0000000000000000000000000000000000000000..d13484082a2faca58f77302fd7b9129dc4d778b7
--- /dev/null
+++ b/reuters/training/13321
@@ -0,0 +1,14 @@
+CHASE-AMP BANK CUTS AUSTRALIAN PRIME TO 17.75 PCT
+  <Chase-AMP Bank Ltd> said it will lower
+  its prime lending rate to 17.75 pct from 18.25, effective
+  tomorrow.
+      The bank is the first to lower its prime rate below the 18
+  pct set by a few banks in the last few days in a continuation
+  of a downward trend which began late last month.
+      Other prime rates range from 18.25 to 18.5 pct, with the
+  majority on 18.25.
+      The bank said the reduction reflected the recent downturn
+  in money market rates, the improved economic outlook and
+  adequate liquidity in the second quarter tax rundown period.
+  
+
diff --git a/reuters/training/13333 b/reuters/training/13333
new file mode 100644
index 0000000000000000000000000000000000000000..90cbb908954bd6b58d93015926a89c49cd2a06dc
--- /dev/null
+++ b/reuters/training/13333
@@ -0,0 +1,18 @@
+SWISS CONSUMER PRICES RISE ONE PCT IN MARCH
+  Swiss consumer prices rose one pct in the
+  year to March, the same rise as in the year to February, and
+  against 0.9 pct in the year to March 1986, the Federal
+  Statistics Office said.
+      In March alone, prices rose 0.1 pct after a 0.3 pct rise in
+  February.
+      The March index, base 1982, was 109.7 against 109.5 in
+  February.
+      The Statistics Office said the March increase reflected
+  rises in certain sectors such as food, clothing and household
+  goods and falls in transport, heating and lighting.
+      Both home produced and imported goods rose by 0.1 pct
+  during the month. But over the year as a whole, domestically
+  generated inflation reached 2.5 pct, offset by a 2.8 pct drop
+  in imports.
+  
+
diff --git a/reuters/training/13336 b/reuters/training/13336
new file mode 100644
index 0000000000000000000000000000000000000000..b50696e6d77aa10e2ccae1231d19c5d678a2740c
--- /dev/null
+++ b/reuters/training/13336
@@ -0,0 +1,5 @@
+Nixdorf world group 1986 net profit 222.42 mln marks vs 172.29 mln, div 10 marks
+
+  Nixdorf world group 1986 net profit 222.42 mln marks vs 172.29 mln, div 10 marks
+  
+
diff --git a/reuters/training/1335 b/reuters/training/1335
new file mode 100644
index 0000000000000000000000000000000000000000..0b6ecb3df3e9a6a92d572d89cc7ed421aac81a48
--- /dev/null
+++ b/reuters/training/1335
@@ -0,0 +1,15 @@
+PANCANADIAN TO SELL BRITISH INTERESTS
+  <PanCanadian Petroleum Ltd>
+  said it agreed to sell its working interest in its North Sea
+  properties and its British unit, Canadian Pacific Oil and Gas
+  of Canada Ltd, to Whitehall Petroleum Ltd, a private British
+  company.
+      PanCanadian, 87 pct-owned by Canadian Pacific Ltd <CP>,
+  said it would receive 1.7 mln British pounds cash (3.5 mln
+  Canadian dlrs) at closing, expected in two to three months.
+      It said the deal is subject to approval by regulators and
+  its partners in the properties, which consist of exploration
+  wells. It will also retain a royalty interest in the
+  properties.
+  
+
diff --git a/reuters/training/13380 b/reuters/training/13380
new file mode 100644
index 0000000000000000000000000000000000000000..5db9b551e95761307092db8a9f57a6b750733bf9
--- /dev/null
+++ b/reuters/training/13380
@@ -0,0 +1,13 @@
+JAPAN'S LIPC TO BUY BEEF ON APRIL 23
+  Japan's Livestock Industry Promotion Corp
+  (LIPC) said that on April 28 it will import 7,515 tonnes of
+  beef for the first half of the 1987 fiscal year started on
+  April 1 under the simultaneous buy and sell tender system,
+  against 6,813 a year ago.
+      The system calls on the agency to buy beef from trading
+  houses and simultaneously sell it to users in one tender. The
+  tender quota in April-September is 10 pct of the agency's beef
+  import share. Japan's beef import quota in 1987/88 was set at
+  93,000 tonnes against 85,000 for the same period in 1986/87.
+  
+
diff --git a/reuters/training/13382 b/reuters/training/13382
new file mode 100644
index 0000000000000000000000000000000000000000..5db9b551e95761307092db8a9f57a6b750733bf9
--- /dev/null
+++ b/reuters/training/13382
@@ -0,0 +1,13 @@
+JAPAN'S LIPC TO BUY BEEF ON APRIL 23
+  Japan's Livestock Industry Promotion Corp
+  (LIPC) said that on April 28 it will import 7,515 tonnes of
+  beef for the first half of the 1987 fiscal year started on
+  April 1 under the simultaneous buy and sell tender system,
+  against 6,813 a year ago.
+      The system calls on the agency to buy beef from trading
+  houses and simultaneously sell it to users in one tender. The
+  tender quota in April-September is 10 pct of the agency's beef
+  import share. Japan's beef import quota in 1987/88 was set at
+  93,000 tonnes against 85,000 for the same period in 1986/87.
+  
+
diff --git a/reuters/training/1339 b/reuters/training/1339
new file mode 100644
index 0000000000000000000000000000000000000000..e13b37f799ac46f39f305ada6d99a64c237800cd
--- /dev/null
+++ b/reuters/training/1339
@@ -0,0 +1,14 @@
+TELXON <TXLN> SEES SLIGHTLY HIGHER 4TH QTR NET
+  Telxon Corp said it expects
+  per-share earnings for its fourth quarter ending March 31 to be
+  about 23 cts to 26 cts on revenues of 26 mln dlrs to 28 mln
+  dlrs.
+      For the year-ago quarter, the company earned 22 cts a
+  share, adjusted for a three-for-two stock split, on revenues of
+  24.2 mln dlrs.
+      The company said it made the earnings estimate in response
+  to analysts' forecasts, which it said called for per-share
+  earnings of 24 cts to 30 cts and revenues of 29 mln dlrs to 32
+  mln dlrs.
+  
+
diff --git a/reuters/training/13393 b/reuters/training/13393
new file mode 100644
index 0000000000000000000000000000000000000000..9a913bf3653b8c8f7ff0e05d3bb350f5d8497b9c
--- /dev/null
+++ b/reuters/training/13393
@@ -0,0 +1,13 @@
+TESCO EXTENDS HILLARDS OFFER
+  Tesco Plc <TSCO.L> said it was extending
+  its 151 mln stg contested bid for <Hillards Plc> until May 1.
+      It said it now controlled 9.8 pct of Hillards shares,
+  comprising acceptances of the offer for 1.5 mln, or 3.1 pct,
+  and 3.2 mln, or 6.7 pct, owned by itself, its pension fund or
+  its associates.
+      It also controlled 23,250 convertible preference shares, or
+  0.2 pct.
+      Hillards shares were unchanged at 313p while Tesco was two
+  pence firmer at 475p.
+  
+
diff --git a/reuters/training/13398 b/reuters/training/13398
new file mode 100644
index 0000000000000000000000000000000000000000..464f5c5384a0587329f0e4248475fd8122318fd0
--- /dev/null
+++ b/reuters/training/13398
@@ -0,0 +1,5 @@
+ Bundesbank sets 28-day securities repurchase tender at fixed 3.80 pct
+
+   Bundesbank sets 28-day securities repurchase tender at fixed 3.80 pct
+  
+
diff --git a/reuters/training/134 b/reuters/training/134
new file mode 100644
index 0000000000000000000000000000000000000000..7486b52e68b8a70f90d9b32604d8dc3e812e1551
--- /dev/null
+++ b/reuters/training/134
@@ -0,0 +1,8 @@
+GULF APPLIED TECHNOLOGIES <GATS> SELLS UNITS
+  Gulf Applied Technologies Inc said it
+  sold its subsidiaries engaged in pipeline and terminal
+  operations for 12.2 mln dlrs.
+      The company said the sale is subject to certain post
+  closing adjustments, which it did not explain.
+  
+
diff --git a/reuters/training/1340 b/reuters/training/1340
new file mode 100644
index 0000000000000000000000000000000000000000..bda55743541acb0b5611ed8bcfef0b024c5f34b9
--- /dev/null
+++ b/reuters/training/1340
@@ -0,0 +1,12 @@
+REID-ASHMAN <REAS> TO DIVEST TEST PRODUCT UNIT
+  Reid-Ashman Inc said it has
+  decided to divest its test products division, located in Santa
+  Clara.
+      The company said it will entertain offers through March 30.
+  It also said Steven Reid, a company founder and president of
+  the test division, has made an offer to purchase the unit.
+      The company's test division accounted for about ten pct of
+  total revenues in the year ended Sept 30, 1986 and is currently
+  running a revenue rate of under two mln dlrs per year, it said.
+  
+
diff --git a/reuters/training/13404 b/reuters/training/13404
new file mode 100644
index 0000000000000000000000000000000000000000..85ce94a57e62bb80c6b1b893dd5cefa08b7f02e9
--- /dev/null
+++ b/reuters/training/13404
@@ -0,0 +1,10 @@
+BUNDESBANK SETS NEW REPURCHASE TENDER
+  The Bundesbank set a new tender for a
+  28-day securities repurchase agreement, offering banks
+  liquidity aid at a fixed bid rate of 3.80 pct, a central bank
+  spokesman said.
+      Banks must make their bids by 1400 GMT today. Funds will be
+  allocated by 0900 GMT tomorrow and credited to accounts later
+  in the day. Banks must repurchase securities pledged on May 6.
+  
+
diff --git a/reuters/training/1341 b/reuters/training/1341
new file mode 100644
index 0000000000000000000000000000000000000000..ea706b6bb17d2e59fc2b390cba3cd48cc2dbe167
--- /dev/null
+++ b/reuters/training/1341
@@ -0,0 +1,6 @@
+PACIFIC LIGHTING COPR <PLT> QUARTERLY DIVIDEND
+  Qtly div 87 cts vs 87 cts
+      Pay Feb 17
+      Record Jan 20
+  
+
diff --git a/reuters/training/1342 b/reuters/training/1342
new file mode 100644
index 0000000000000000000000000000000000000000..0c5f926d37c0460935481c6a2a3b4fba3c37629a
--- /dev/null
+++ b/reuters/training/1342
@@ -0,0 +1,6 @@
+CETEC CORP <CEC> QUARTERLY DIVIDEND
+  Qtly div five cts vs five cts
+      Pay May 22
+      Record May 8
+  
+
diff --git a/reuters/training/1343 b/reuters/training/1343
new file mode 100644
index 0000000000000000000000000000000000000000..08eafd82ac8a79ef1e6a4ab84d0112ec72adc459
--- /dev/null
+++ b/reuters/training/1343
@@ -0,0 +1,18 @@
+API SAYS DISTILLATE, GAS STOCKS OFF IN WEEK
+  Distillate fuel stocks held in
+  primary storage fell by 4.4 mln barrels in the week ended Feb
+  27 to 127.10 mln barrels from 131.50 mln the previous week, the
+  American Petroleum Institute (API) said.
+      In its weekly statistical bulletin, the oil industry trade
+  group said gasoline stocks fell 30,000 barrels to 252.92 mln
+  barrels from a revised 252.95 mln, while crude oil stocks rose
+  700,000 barrels to 329.38 mln from a revised 328.68 mln.
+      It said residual fuel stocks fell 380,000 barrels to 38.04
+  mln from 38.42 mln barrels.
+      API said refinery runs in the week fell to 12.17 mln
+  barrels per day from a revised 12.42 mln and refinery use of
+  operating capacity was 78.1 pct, off from a revised 79.7 pct.
+      Crude oil imports in the week fell to 3.98 mln bpd from a
+  revised 4.22 mln, API added.
+  
+
diff --git a/reuters/training/13435 b/reuters/training/13435
new file mode 100644
index 0000000000000000000000000000000000000000..b39e90edeb2f8cd07c71f6ea14b28d881254aecf
--- /dev/null
+++ b/reuters/training/13435
@@ -0,0 +1,6 @@
+MOET-HENNESSY PROPOSES HIGHER DIVIDEND
+  YEAR TO END-DEC 1986
+      Proposed dividend 45 francs vs 34.50 francs
+      Note - Full name of company is Moet-Hennessy SA <MHSP.PA>
+  
+
diff --git a/reuters/training/1344 b/reuters/training/1344
new file mode 100644
index 0000000000000000000000000000000000000000..c065514bd46a216545e3f570adf24779ea3630bc
--- /dev/null
+++ b/reuters/training/1344
@@ -0,0 +1,12 @@
+JONES MEDICAL INDUSTRIES INC <JMED> 4TH QTR NET
+  Shr six cts vs five cts
+      Net 199,037 vs 135,587
+      Sales 1,594,895 vs 1,368,959
+      Avg shrs 3.1 mln vs 2.5 mln
+      Year
+      Shr 25 cts vs 19 cts
+      Net 695,398 vs 446,426
+      Sales 5,785,365 vs 4,520,781
+      Avg shrs 2.8 mln vs 2.4 mln
+  
+
diff --git a/reuters/training/1345 b/reuters/training/1345
new file mode 100644
index 0000000000000000000000000000000000000000..2c54d029181298685f53aafa248a5eb3e97a1f6f
--- /dev/null
+++ b/reuters/training/1345
@@ -0,0 +1,6 @@
+MAUI LAND AND PINAPPLE CO INC QUARTERLY DIVIDEND
+  Qtly div 12-1/2 cts vs 12-1/2 cts
+      Pay March 31
+      Record Feb 27
+  
+
diff --git a/reuters/training/13458 b/reuters/training/13458
new file mode 100644
index 0000000000000000000000000000000000000000..832c2a1f0ab927e7abaf8c4968af463319237d7a
--- /dev/null
+++ b/reuters/training/13458
@@ -0,0 +1,23 @@
+SOVIET GRAIN PRODUCTS MINISTRY CRITICISED
+  The Soviet Communist Party has criticised
+  the country's Grain Products Ministry for failing to ensure
+  proper grain storage, turning out poor quality bread and for
+  unsatisfactory book keeping, Pravda said.
+      The party daily said that losses in the industry owing to
+  waste and theft amounted to 7.3 mln roubles over the last two
+  and a half years.
+      The situation was particularly bad in the Central Asian
+  republic of Kazakhstan, which has been severely criticised
+  since the ousting of its veteran leader Dinmukhamed Kunayev
+  last December.
+      Its new leader, Gennady Kolbin, has said that at times the
+  grain-growing republic has performed so badly that it has been
+  obliged to seek grain supplies from national reserves.
+      Tass news agency announced yesterday that Grain Products
+  Minister Grigory Zolotukhin, 75, was being retired and replaced
+  by Alexander Budyka, a senior food industry official.
+      Pravda added today that the crisis in the industry had been
+  drawn to Zolotukhin's attention and two of his deputies
+  reprimanded.
+  
+
diff --git a/reuters/training/13462 b/reuters/training/13462
new file mode 100644
index 0000000000000000000000000000000000000000..b5cb8e904972174acf36d2bf6b091b7ef0c226ad
--- /dev/null
+++ b/reuters/training/13462
@@ -0,0 +1,87 @@
+COCOA BUFFER STOCK MAY FACE UPHILL BATTLE - TRADE
+  The International Cocoa Organization
+  (ICCO) buffer stock could face an uphill battle to halt the
+  downtrend in world cocoa prices when it begins buying
+  operations in the next few weeks, cocoa traders said.
+      Traders said they believed buffer stock purchases could
+  reach 75,000 tonnes in a matter of weeks without lifting prices
+  significantly, given the amount of surplus cocoa overhanging
+  the market. The buffer stock may begin buying shortly as the
+  ICCO 10 day average indicator price is now at 1,578.03 Special
+  Drawing Rights (SDR) per tonne, below the 1,600 "must buy" level.
+      Rules governing buffer stock operations were agreed last
+  month by the ICCO council. Buying will begin once the buffer
+  stock manager has completed preparations, traders said.
+      Some traders said the buffer stock manager may delay buffer
+  stock buying until mid or end-April when changes in months used
+  to calculate the ICCO indicator may lift the 10 day average
+  above the 1,600 SDR "must buy" level.
+      The ICCO indicator price is calculated from the average of
+  the second, third and fourth positions on the London and New
+  York futures markets. The daily price was 1,577.61 SDR per
+  tonne yesterday.
+      Months used currently for the indicator are May, July and
+  September, but these are set to change to July, September and
+  December on April 15, prior to May becoming the New York spot
+  month, traders noted.
+      The introduction of December into the calculations may lift
+  the daily SDR price as December is currently quoted about 75
+  stg above May on the London terminal market.
+      But the buffer stock manager would have to wait for the
+  higher daily price to feed through into the 10-day average, the
+  indicator which governs his activities, traders said.
+      "The buffer stock manager is obviously looking at the
+  implications of delaying until forward prices lift the
+  indicator since it might mean he has to buy less cocoa," an
+  analyst from a leading cocoa trade house said.
+      Traders said the buffer stock purchases could reach 75,000
+  tonnes fairly quickly once buying starts. If purchases reach
+  this level within six months, buying is suspended pending an
+  ICCO council review of price ranges. But some cocoa market
+  watchers said the buffer stock may benefit from recent
+  forecasts for a poor Brazilian Bahia temporao crop at 1.5 mln
+  to two mln 60 kilo bags against initial expectations of up to
+  three mln.
+      A lower than expected Brazilian crop may cut the 1986/87
+  world surplus to between 50,000 and 70,000 tonnes, compared
+  with a recent forecast by the ICCO statistics committee of
+  94,000 tonnes, traders said.
+      In these circumstances, the buffer stock may only need to
+  buy between 20,000 and 30,000 tonnes to lift prices above the
+  "must buy" level.
+      But some dealers said the ICCO buffer stock rules may put
+  constraints on how quickly and effectively the buffer stock
+  manager can remove cocoa from the market.
+      The buffer stock system of price differentials set
+  according to quality and a 15 pct limit on purchases from
+  non-members could limit the buffer stock's scope for action,
+  dealers said.
+      Most of the cocoa readily available to the buffer stock is
+  nearby in-store material of Malaysian and Ivory Coast origin.
+      But the buffer stock can only buy 15 pct Malaysian cocoa as
+  Malaysia is not an ICCO member, while purchases of nearby cocoa
+  can only reach 40 pct in any one day, which forces the buffer
+  stock to buy some intermediate and forward shipment material.
+      Limits on buffer stock purchases of nearby and non-member
+  cocoa will reduce the impact on terminal prices which are
+  pressured by the overhang of Malaysian material, traders said.
+      Buffer stock purchases of forward shipment cocoa from
+  quality producers such as Ghana will have only a limited impact
+  on futures, but is likely to widen physical market premiums for
+  this cocoa over futures.
+      Ghana's premium to the terminal has risen to about 50 stg
+  from 25 to 30 stg a month ago partly in anticipation of buffer
+  stock buying, dealers said.
+      "The buffer stock may not help the terminal market, but will
+  provide a backstop for quality cocoas," one trader said.
+      Traders cautioned that views on the impact of the buffer
+  stock were "all prognostication" and that no one could hope to
+  predict accurately what the result would be. Psychologically
+  buffer stock buying should help prices, but since the buffer
+  stock already holds a carryover of 100,000 tonnes from the
+  previous cocoa agreement and the market is in surplus, dealers
+  expressed doubts purchases can counter bearish pressure.
+      In June the ICCO is due to discuss rules for a withholding
+  scheme as an additional market support mechanism.
+  
+
diff --git a/reuters/training/13468 b/reuters/training/13468
new file mode 100644
index 0000000000000000000000000000000000000000..6fbf48b23c18bfdc9a6c8d28e8f12c062aef8b29
--- /dev/null
+++ b/reuters/training/13468
@@ -0,0 +1,5 @@
+ German February capital account deficit 7.53 billion marks vs Jan 11.91 billion surplus - Bundesbank
+
+   German February capital account deficit 7.53 billion marks vs Jan 11.91 billion surplus - Bundesbank
+  
+
diff --git a/reuters/training/1347 b/reuters/training/1347
new file mode 100644
index 0000000000000000000000000000000000000000..7e943186bb10f334690e0f0b056ff1a5bd8a2f1e
--- /dev/null
+++ b/reuters/training/1347
@@ -0,0 +1,20 @@
+U.S. WINE EXPORTS ROSE 15 PER CENT LAST YEAR
+  Exports of American wine rose 14.9
+  per cent last year to a total of 7.2 million gallons, the Wine
+  Institute said.
+      The San Francisco-based promotional group said 95 per cent
+  of the exported wine was from California and the top three
+  markets were Canada, Japan and Britain.
+      Japan, which edged out Britain as the leading importer of
+  American wines in 1985, continued in second place.
+      Canadian imports rose 3.2 per cent to 2.6 million gallons;
+  Japan, 9.9 per cent to 1.2 million gallons, and Britain, 20.2
+  per cent to 962,360 gallons.
+      A spokesman for the institute said the declining value of
+  the dollar and strong promotional efforts on the part of the
+  California wine industry contributed significantly to the
+  increased shipments.
+      The 1986 wine exports were valued at 34.7 mln dlrs, up from
+  27.6 mln dlrs the previous year.              
+  
+
diff --git a/reuters/training/13471 b/reuters/training/13471
new file mode 100644
index 0000000000000000000000000000000000000000..597d16c1398c28aea355c0371cf2968de118f35c
--- /dev/null
+++ b/reuters/training/13471
@@ -0,0 +1,9 @@
+GERMAN CAPITAL ACCOUNT IN DEFICIT IN FEBRUARY
+  West Germany recorded a net outflow of
+  7.53 billion marks on the February capital account, combining
+  long and short term capital flows, compared with a net inflow
+  of 11.91 billion marks in January, the Bundesbank said.
+      This compared with a net outflow of 3.51 billion marks in
+  February 1986, the Bundesbank said.
+  
+
diff --git a/reuters/training/13482 b/reuters/training/13482
new file mode 100644
index 0000000000000000000000000000000000000000..0cc92e347fe7ce3231231fe873e795fe1feeeae7
--- /dev/null
+++ b/reuters/training/13482
@@ -0,0 +1,15 @@
+TAIWAN TRADE SURPLUS WIDENS IN FIRST QUARTER
+  Taiwan's trade surplus widened to 4.18
+  billion U.S. Dlrs in the first quarter of 1987 from 3.05
+  billion a year ago, the government statistics department said.
+      First quarter exports rose to 11.25 billion U.S. Dlrs from
+  8.38 billion in the same period in 1986. Imports rose to 7.08
+  billion from 5.33 billion last year.
+      The March trade surplus was 1.45 billion dlrs compared with
+  1.32 billion in February and 1.02 billion in March 1986.
+  Exports rose to 4.07 billion U.S. Dlrs from 3.85 billion in
+  February and 2.99 billion in March last year. Imports were 2.61
+  billion dlrs against 2.53 billion in February and 1.96 billion
+  in March 1986.
+  
+
diff --git a/reuters/training/135 b/reuters/training/135
new file mode 100644
index 0000000000000000000000000000000000000000..01e4a33944ab6d88a384cb2d914f366e2fc70337
--- /dev/null
+++ b/reuters/training/135
@@ -0,0 +1,15 @@
+INVESTMENT GROUP RAISES ROBESON <RBSN> STAKE
+  A group of affiliated Miami-based
+  investment firms led by Fundamental Management Corp said it
+  raised its stake in Robeson Industries Corp to 238,000 shares,
+  or 14.6 pct of the total, from 205,000 or 12.8 pct.
+      In a filing with the Securities and Exchange Commission,
+  the group said it bought 32,800 Robeson common shares between
+  Jan 26 and Feb 9 for 175,691 dlrs.
+      The group said it may buy more shares and plans to study
+  Robeson's operations. Afterwards it may recommend that
+  management make changes in its operations. Fundamental
+  Management Chairman Carl Singer was recently elected to the
+  Robeson board.
+  
+
diff --git a/reuters/training/1350 b/reuters/training/1350
new file mode 100644
index 0000000000000000000000000000000000000000..1a8f927cfa054fb5c658490520999c729813a644
--- /dev/null
+++ b/reuters/training/1350
@@ -0,0 +1,21 @@
+USDA TO REDUCE CITRUS ESTIMATING PROGRAM
+  the U.S. Agriculture Department's
+  National Agricultural Statistics Services (NASS) said it will
+  change its citrus estimate program for California and Arizona,
+  starting in 1988.
+      NASS said it will discontinue California forecasts for
+  lemons during December, February, March, May and June and for
+  grapefruit and tangerines for those months plus November.
+      Forecasts for lemons will be issued in October, November,
+  January, April and July and for grapefruit in October, January,
+  April, and July and for tangerines in October,  January and
+  April. There will be no change in the estimating program for
+  California oranges.
+      Arizona forecasts will be dropped for lemons, oranges,
+  grapefruit and tangerines in November, December February,
+  March, May and June, with forecasts retained in October,
+  January, April and July, it said.
+      There will be no changes in the estimating program for
+  citrus in Texas or Florida.
+  
+
diff --git a/reuters/training/13507 b/reuters/training/13507
new file mode 100644
index 0000000000000000000000000000000000000000..71864914f25dda5578d77220ca4c06f4d2ca4131
--- /dev/null
+++ b/reuters/training/13507
@@ -0,0 +1,15 @@
+AGREEMENT REACHED IN GREEK ALUMINA DEAL WITH MOSCOW
+  Greece and the Soviet Union have reached
+  agreement in Moscow on a joint venture for a 450 mln dlr
+  alumina plant in Greece, government spokesman Yannis Roubatis
+  said.
+      Roubatis told reporters the Soviet Union agreed to buy the
+  plant's entire annual output of 600,000 tonnes of alumina. More
+  details would be given later by Greek Industry Undersecretary
+  George Petsos, who was in Moscow.
+      The project was due to start in 1986, but problems over
+  plans to sell some alumina to Bulgaria caused delays. The
+  Soviet Union, which was to take 400,000 tonnes, later agreed to
+  take the full production.
+  
+
diff --git a/reuters/training/1351 b/reuters/training/1351
new file mode 100644
index 0000000000000000000000000000000000000000..f1fa67de484668086b1b4492143f1e5a2d65faba
--- /dev/null
+++ b/reuters/training/1351
@@ -0,0 +1,7 @@
+<TRIMAC LTD> YEAR NET
+  Shr nine cts vs six cts
+      Net 3,500,000 vs 2,500,000
+      Revs 294.0 mln vs 351.5 mln
+      Note: 1986 year includes tax gain of 1,700,000 dlrs
+  
+
diff --git a/reuters/training/13512 b/reuters/training/13512
new file mode 100644
index 0000000000000000000000000000000000000000..5cff7250073c8ba6fb9614ceecc7ce438ba5776a
--- /dev/null
+++ b/reuters/training/13512
@@ -0,0 +1,6 @@
+NO INTERVENTION, DOLLAR FIXED AT 1.8218 MARKS
+  The Bundesbank did not intervene as
+  the dollar was fixed lower at 1.8218 marks after 1.8243
+  yesterday, dealers said.
+  
+
diff --git a/reuters/training/13524 b/reuters/training/13524
new file mode 100644
index 0000000000000000000000000000000000000000..232286aafc789245fc2077aa2c1734da718f9cd6
--- /dev/null
+++ b/reuters/training/13524
@@ -0,0 +1,10 @@
+BANK OF JAPAN INTERVENES SHORTLY AFTER TOKYO OPENS
+  The Bank of Japan bought a small amount of
+  dollars at around 145.95 yen shortly after the Tokyo market
+  opened, dealers said.
+      But the dollar then fell on speculative selling by trading
+  houses, they said.
+      The dollar had opened here at 145.95 yen against 145.85/90
+  yen in New York and 146.00 yen at the close here yesterday.
+  
+
diff --git a/reuters/training/13530 b/reuters/training/13530
new file mode 100644
index 0000000000000000000000000000000000000000..13433af9ac27f45d3cf7d52ff0dd8e9b1438eeaa
--- /dev/null
+++ b/reuters/training/13530
@@ -0,0 +1,19 @@
+BANK OF JAPAN TO SELL 800 BILLION YEN IN BILLS
+  The Bank of Japan will sell tomorrow a
+  total of 800 billion yen worth of financing bills from its
+  holdings to help absorb a projected money market surplus of
+  1,300 billion yen, money traders said.
+      Of the total, 400 billion yen will yield 3.8502 pct on
+  sales from money houses to banks and securities houses in a
+  41-day repurchase accord maturing on May 19.
+      Another 400 billion yen will yield 3.7991 pct in a 20-day
+  repurchase pact maturing on April 28, they said.
+      The repurchase agreement yields compare with the 3.8125 pct
+  one-month, and 3.7500 pct three-week commercial bill discount
+  rates today.
+      Tomorrow's surplus is attributable to government tax
+  allocations to local governments and public entities.
+      The operation will put outstanding bill supply at about
+  4,300 billion yen, they said.
+  
+
diff --git a/reuters/training/13531 b/reuters/training/13531
new file mode 100644
index 0000000000000000000000000000000000000000..9bf97a45c3a4f4e41f62d354fe2f9ee724b0cdbd
--- /dev/null
+++ b/reuters/training/13531
@@ -0,0 +1,60 @@
+NO INTERVENTION, DOLLAR FIXED AT 1.8218 MARKS
+  The Bundesbank did not intervene as
+  the dollar was fixed lower at 1.8218 marks after 1.8243
+  yesterday, dealers said.
+      Dealers said dollar trading was very quiet over the
+  European morning, with operators made wary by today's meeting
+  of the Group of Five finance ministers and central bank chiefs
+  ahead of the full IMF/World Bank session in Washington.
+      It was undermined by remarks from U.S. Council of Economic
+  Advisers Chairman Beryl Sprinkel who told Iowa bankers the U.S.
+  Had no objective regarding the value of the dollar.
+      Sprinkel also called the reference to stabilizing exchange
+  rates at about current levels, made at the Paris meeting on
+  February 22, a "vague statement," casting doubt on operators'
+  assumptions that a secret target level had been set.
+      Sprinkel added that if West Germany and Japan made progress
+  to stimulate their economies as the Paris agreement envisaged,
+  "there would not be the necessity of significant declines in the
+  dollar."
+      One dealer for a U.S.-based bank noted the dollar tended
+  easier after the remarks. "They were obviously regarded as being
+  negative. And if the market starts regarding anything that
+  comes out negatively then it means that the underlying
+  sentiment is negative," he said.
+      Some early selling pressure softened the dollar's
+  undertone.
+      Most operators overlooked intervention by the Bank of Japan
+  to support the dollar against selling in favour of the yen by
+  institutional investors and overseas operators, dealers said.
+      After the strong focus on the dollar/yen rate in recent
+  weeks up to the end of the Japanese financial year on March 31,
+  interest and activity was likely to switch, dealers said.
+      "We can start to look at a point in time where the interest
+  shifts away from dollar/yen and more into dollar/mark and the
+  other European currencies," the U.S. Bank dealer said.
+      Despite the softer undertone, traders would remain wary of
+  taking significant new positions during the Washington
+  meetings, dealers said. Aside from the G-5 session today,
+  Bundesbank President Karl Otto Poehl is due to meet the German
+  Affairs group on international monetary issues later.
+      The mark gained some strength from news the Bundesbank set
+  a new securities repurchase tender to add money market
+  liquidity at a fixed 3.80 pct, unchanged from those over the
+  last several weeks. Some expectation had been growing that it
+  might cut the rate or move to a minimum interest rate tender,
+  signalling a desire for a slight easing in credit policy.
+      Bundesbank central bank council member Lothar Mueller said
+  the Bundesbank had not given up its focus on money supply. A
+  monetary policy which took into account exchange rates and
+  capital flows could not be confused with an exchange-rate
+  oriented policy, he said, contradicting some growing sentiment.
+      Sterling eased a touch to 2.950 marks at the fixing from
+  2.957. The yen's unabated strength, despite the intervention,
+  brought it up to 1.2555 marks per 100 from yesterday's 1.2480.
+      The Swiss franc rose to a fix of 120.515 marks per 100 from
+  120.180. The French franc eased to 30.055 marks per 100 after
+  30.060, Belgian franc was little changed at 4.829 marks per
+  100.
+  
+
diff --git a/reuters/training/13532 b/reuters/training/13532
new file mode 100644
index 0000000000000000000000000000000000000000..d6407cbb47cd62e5c132ada01025386c9e9a96dd
--- /dev/null
+++ b/reuters/training/13532
@@ -0,0 +1,25 @@
+WORMALD TO ACQUIRE STAKE IN HOLMES PROTECTION
+  Fire protection and security group
+  Wormald International Ltd <WOIA.S> said British-listed <Holmes
+  Protection Group Inc> has agreed to issue it with 6.15 mln
+  common shares of one U.S. Cent par-value at 1.72 stg each.
+      The two groups have also begun exploratory talks on a
+  possible merger of the Holmes business with the compatible
+  businesses of Wormald, comprising some or all of its fire
+  protection and security businesses in the Americas and Europe,
+  Wormald said in a statement.
+      The issue of shares in the New York-based Holmes is
+  conditional upon shareholder approval at a general meeting.
+      Wormald said its stake will represent 9.99 pct of Holmes'
+  existing issued shares and 9.09 pct of the enlarged capital.
+      The issue will raise 10.6 mln stg which will be used for
+  further development of the Holmes business.
+      Wormald said the businesses of the two groups are largely
+  complementary in terms of both geographical spread and the
+  nature of their activities, with Holmes concentrating on
+  burglar alarms and Wormald on fire systems.
+      Holmes's operations are concentrated in and around New York
+  amd Miami. It earned 11 mln U.S. Dlrs pre-tax in its last
+  reported full year, 1985, and 6.0 mln in first half 1986.
+  
+
diff --git a/reuters/training/13539 b/reuters/training/13539
new file mode 100644
index 0000000000000000000000000000000000000000..0acf65b9ef6b7cccd1e90751be58cf2cfa61317e
--- /dev/null
+++ b/reuters/training/13539
@@ -0,0 +1,11 @@
+WEST GERMAN 1986 OIL MEALS, CAKES USE UP
+  West German consumption of oilmeals and
+  oil cakes last year rose by 2.4 pct to 6.3 mln tonnes, the
+  agriculture ministry said.
+      It said in a statement the increase was exclusively due to
+  sharply higher use of rape products, which went up by 8.9 pct
+  to 1.08 mln tonnes.
+      Use of soy products dropped 7.2 pct to 2.89 mln tonnes, it
+  added.
+  
+
diff --git a/reuters/training/1354 b/reuters/training/1354
new file mode 100644
index 0000000000000000000000000000000000000000..6b29782d6420165b9c77bf33189ea0c5bdc63f46
--- /dev/null
+++ b/reuters/training/1354
@@ -0,0 +1,14 @@
+OPPENHEIMER UPS VIACOM <VIA> STAKE TO 7.7 PCT
+  Oppenheimer and Co, a New York
+  brokerage firm, said it raised its stake in Viacom
+  International Inc to the equivalent of 2,709,600 shares, or 7.7
+  pct of the total, from 2,232,400 shares, or 6.3 pct.
+      In a filing with the Securities and Exchange Commission,
+  Oppenheimer said it bought a net 477,200 Viacom common shares
+  between Jan 19 and March 3 at prices ranging from 40.50 to an
+  average of 49.31 dlrs each. Part of its stake is in options.
+      It said it bought the shares as part of its arbitrage and
+  investment business. Movie theater magnate Sumner Redstone and
+  a Viacom management group are in a bidding war for Viacom.
+  
+
diff --git a/reuters/training/13542 b/reuters/training/13542
new file mode 100644
index 0000000000000000000000000000000000000000..3abb1a8c462167da3f3c77a43b80b39a9b940346
--- /dev/null
+++ b/reuters/training/13542
@@ -0,0 +1,25 @@
+KUWAIT MAY RE-REGISTER GULF TANKERS - NEWSPAPER
+  Kuwait may re-register part of its
+  tanker fleet with foreign flag jurisdictions, including the
+  U.S. And USSR, in an attempt to protect them from Iranian
+  missile attacks in the Gulf war zone, U.S. Officials were
+  quoted by the New York Times as saying.
+      The transfers would allow the country of registration to
+  escort Kuwaiti-owned ships in the Gulf. Kuwait had earlier
+  declined an offer of U.S. Naval escorts as too public an
+  admission of its need for protection, they said.
+      Kuwait is also looking at flagging-out to European
+  registries, the officials said.
+      Soviet flag tankers transporting Kuwaiti oil through the
+  Gulf may get Soviet escorts, the officials said.
+      Kuwait had earlier considered having both USSR and U.S.
+  Escorts, but the U.S. Was unwilling to give the Soviet Union a
+  naval role in the region, the newspaper quoted the officials as
+  saying.
+      Kuwait has backed Iraq in the seven-year war against Iran
+  and its ships have increasingly been the target of Iranian
+  attacks.
+      The U.S. And Kuwait have been negotiating for over a month
+  on methods of protecting Kuwaiti ships.
+  
+
diff --git a/reuters/training/13543 b/reuters/training/13543
new file mode 100644
index 0000000000000000000000000000000000000000..d13484082a2faca58f77302fd7b9129dc4d778b7
--- /dev/null
+++ b/reuters/training/13543
@@ -0,0 +1,14 @@
+CHASE-AMP BANK CUTS AUSTRALIAN PRIME TO 17.75 PCT
+  <Chase-AMP Bank Ltd> said it will lower
+  its prime lending rate to 17.75 pct from 18.25, effective
+  tomorrow.
+      The bank is the first to lower its prime rate below the 18
+  pct set by a few banks in the last few days in a continuation
+  of a downward trend which began late last month.
+      Other prime rates range from 18.25 to 18.5 pct, with the
+  majority on 18.25.
+      The bank said the reduction reflected the recent downturn
+  in money market rates, the improved economic outlook and
+  adequate liquidity in the second quarter tax rundown period.
+  
+
diff --git a/reuters/training/13544 b/reuters/training/13544
new file mode 100644
index 0000000000000000000000000000000000000000..1032c1984fb28b9564686cb53036372da7b6a371
--- /dev/null
+++ b/reuters/training/13544
@@ -0,0 +1,12 @@
+JAPAN CENTRAL BANK INTERVENES IN TOKYO AFTERNOON
+  The Bank of Japan intervened in early
+  afternoon Tokyo trading to support the dollar against active
+  selling by institutional investors and speculative selling by
+  overseas operators, dealers said.
+      The central bank had also bought dollars against the yen in
+  morning trade.
+      The dollar traded around 145.20/30 yen when trading began
+  in the afternoon here and weakened only slightly, the dealers
+  said.
+  
+
diff --git a/reuters/training/1355 b/reuters/training/1355
new file mode 100644
index 0000000000000000000000000000000000000000..ceea58eb74fd2aba528823bff7e910bfd845fb96
--- /dev/null
+++ b/reuters/training/1355
@@ -0,0 +1,10 @@
+EMPI INC <EMPI> 4TH QTR LOSS
+  Shr loss 25 cts vs profit 11 cts
+      Net loss 446,005 vs profit 185,325
+      Sales 2.4 mln vs 2.5 mln
+      12 mths
+      Shr loss 16 cts vs profit 41 cts
+      Net loss 282,305 vs profit 709,787
+      Sales 10.1 mln vs nine mln
+  
+
diff --git a/reuters/training/13552 b/reuters/training/13552
new file mode 100644
index 0000000000000000000000000000000000000000..a1c962c2b6ca5a68979f7665e7b58369d0ae4bda
--- /dev/null
+++ b/reuters/training/13552
@@ -0,0 +1,13 @@
+U.K. MONEY MARKET GIVEN 224 MLN STG ASSISTANCE
+  The Bank of England said it had provided
+  the money market with 224 mln stg help in the morning session.
+  This compares with the Bank's forecast of a shortage in the
+  system today of around 850 mln stg which it earlier revised up
+  from 800 mln.
+      The central bank bought bank bills comprising 27 mln stg in
+  band one at 9-7/8 pct, 21 mln stg in band two at 9-13/16 pct
+  and 171 mln stg in band three at 9-3/4 pct.
+      It also purchased three mln stg of treasury bills and two
+  mln stg of local authority bills in band three at 9-3/4 pct.
+  
+
diff --git a/reuters/training/13559 b/reuters/training/13559
new file mode 100644
index 0000000000000000000000000000000000000000..f8fed589b483b5eb119a650cd64f93ac7d921cd7
--- /dev/null
+++ b/reuters/training/13559
@@ -0,0 +1,18 @@
+EC INDUSTRIAL PRODUCTION GROWTH HALTS IN JANUARY
+  Industrial production in the European
+  Community (EC) in January showed no growth compared with
+  January 1986, the EC statistics office, Eurostat, said in a
+  report.
+      It said the EC industrial production index, base 1980,
+  stood at 103.9 in both months.
+      EC officials said while the lack of growth may have been
+  due in part to the icy weather which gripped large parts of the
+  EC in January, it also reflects a worrying trend.
+      Eurostat said for the last three months for which figures
+  are known, industrial output rose by only 0.9 pct compared with
+  the year-earlier period.
+      Annual growth in the 12 months to January averaged about
+  1.8 pct, well below the 2.8 pct figure recorded in the 12
+  months ending last June, the office said.
+  
+
diff --git a/reuters/training/1356 b/reuters/training/1356
new file mode 100644
index 0000000000000000000000000000000000000000..b22ee37d999bf1fca91a492ee3a5760957c562ad
--- /dev/null
+++ b/reuters/training/1356
@@ -0,0 +1,30 @@
+U.S. SENATE PANEL COULD CONSIDER TRADE MEASURE
+  The U.S. Senate Agriculture Committee
+  may take up a bill tomorrow that would strengthen the
+  activities of U.S. agricultural trade teams in selected
+  developing countries, committee staff said.
+      The measure, sponsored by committee Chairman Patrick Leahy
+  (D-Vt.) and Sen. John Melcher (D-Mont.), would establish trade
+  teams of between six and nine persons drawn from federal
+  agencies and private voluntary organizations, staff said.
+      The trade missions would seek to generate interest in the
+  U.S. government's food donation and commercial programs --
+  PL480, Section 416, export credit and export enhancement -- and
+  upon return be required to advocate extension of concessional
+  or commercial benefits to interested countries.
+      The trade teams would be made up of representatives of the
+  U.S. Agriculture Department, State Department, the Agency for
+  International Development and private voluntary organizations
+  such as U.S. Wheat Associates.
+      The bill would require teams within six months to visit
+  seven countries: Mexico, Philippines, Indonesia, India,
+  Bangladesh, Senegal and Nigeria.
+      Within one year after passage of the measure, another eight
+  countries would have to be visited: Peru, Kenya, the Dominican
+  Republic, Costa Rica, Malaysia, Venezuela, Tunisia and Morocco.
+  Other countries could be added to the list.
+      Senate staff members said the bill, still in the drafting
+  stages, had broad support and was expected to be approved by
+  the committee tomorrow.
+  
+
diff --git a/reuters/training/1359 b/reuters/training/1359
new file mode 100644
index 0000000000000000000000000000000000000000..d75e6a68fa6efac0fbeb410d5d283bfb64ff5a15
--- /dev/null
+++ b/reuters/training/1359
@@ -0,0 +1,12 @@
+FLORIDA PUBLIC <FPUT> SPLITS STOCK, UPS DIV
+  Florida Public Utilities Co
+  said its board declared a three-for-two stock split on its
+  common stock.
+      It said holders of record April 15 will receive one
+  additional share May one for each two shares held.
+      The company also said it raised the dividend on its common
+  stock by two cts to 33 cts a share on a pre-split basis.
+      The dividend is payable April one to holders of record
+  March 18.
+  
+
diff --git a/reuters/training/136 b/reuters/training/136
new file mode 100644
index 0000000000000000000000000000000000000000..a302d3a207e7ecfb60a218f8e8a17c1b76b1ce9d
--- /dev/null
+++ b/reuters/training/136
@@ -0,0 +1,30 @@
+GAO LIKELY TO SHOW CERTS MORE COSTLY THAN CASH
+  A study on grain certificates due out
+  shortly from the Government Accounting Office (GAO) could show
+  that certificates cost the government 10 to 15 pct more than
+  cash outlays, administration and industry sources said.
+      Analysis that the GAO has obtained from the Agriculture
+  Department and the Office of Management and Budget suggests
+  that certificates cost more than cash payments, a GAO official
+  told Reuters.
+      GAO is preparing the certificate study at the specific
+  request of Sen. Jesse Helms (R-N.C.), former chairman of the
+  senate agriculture committee.
+      The report, which will focus on the cost of certificates
+  compared to cash, is scheduled to be released in mid March.
+      The cost of certificates, said the GAO source, depends on
+  the program's impact on the USDA loan program.
+      If GAO determines that certificates encourage more loan
+  entries or cause more loan forfeitures, then the net cost of
+  the program would go up. However, if it is determined that
+  certificates have caused the government grain stockpile to
+  decrease, the cost effect of certificates would be less.
+      GAO will not likely suggest whether the certificates
+  program should be slowed or expanded, the GAO official said.
+      But a negative report on certificates "will fuel the fire
+  against certificates and weigh heavily on at least an increase
+  in the certificate program," an agricultural consultant said.
+      The OMB is said to be against any expansion of the program,
+  while USDA remains firmly committed to it.
+  
+
diff --git a/reuters/training/1360 b/reuters/training/1360
new file mode 100644
index 0000000000000000000000000000000000000000..ad732ec5885abad3c316351d306e7ab8fe543c9a
--- /dev/null
+++ b/reuters/training/1360
@@ -0,0 +1,8 @@
+CITY INVESTING TRUST <CNVLZ> SETS CASH PAYOUT
+  City Investing Co Liquidating Trust
+  said it declared a cash distribution of 25 cts a unit, payable
+  April 10 to unit-holders of record April one.
+      The trust last paid a stock distribution of General
+  Development Corp <GDB> shares in July.
+  
+
diff --git a/reuters/training/1361 b/reuters/training/1361
new file mode 100644
index 0000000000000000000000000000000000000000..2631b529087090fcd28bfa776675d518d30e08e1
--- /dev/null
+++ b/reuters/training/1361
@@ -0,0 +1,27 @@
+FCOJ SUPPLIES SIGNIFICANTLY ABOVE YEAR AGO-USDA
+  Total supply of frozen concentrated
+  orange juice (FCOJ) in 1986/87 is expected to be significantly
+  above year-earlier levels, even with carry-in stocks well below
+  the previous season, the U.S. Agriculture Department said.
+      In a summary of its Fruit Situation Report, the Department
+  said Florida's imports of FCOJ, mostly from Brazil, have shown
+  sharp gains to date.
+      The Department noted the price of FCOJ will probably be
+  affected by the final decision, scheduled for April 22, on
+  whether the U.S. considers Brazilian FCOJ exports to the U.S.
+  have caused injury.
+      Continuing strong demand for fresh and processing fruit
+  coupled with seasonal declines in supplies mean that grower
+  prices will remain higher this spring than a year earlier.
+      The department said stocks of fresh apples in cold storage
+  at the beginning of February were moderately larger than a year
+  earlier, but strong demand has kept apple prices firm.
+      In view of the strong demand and seasonally reduced
+  supplies, apple prices are projected to stay firm.
+      During the remainder of 1986/87, supplies of most processed
+  noncitrus fruit will be smaller than a year ago, it said.
+      Movement of canned fruit has improved, and remaining
+  suppies for some canned fruit items are tight and as a
+  consequence prices have strengthened, the department said.
+  
+
diff --git a/reuters/training/13611 b/reuters/training/13611
new file mode 100644
index 0000000000000000000000000000000000000000..cc576ef31f4062107c326f0f8c1e577a9f0598e4
--- /dev/null
+++ b/reuters/training/13611
@@ -0,0 +1,10 @@
+OCCIDENTAL <OXY> IN BIG PERU HEAVY OIL FIND
+  Occidental Petroleum Corp said the
+  Shiviyacu-23 development well on Block 1-AB in the Peruvian
+  Amazon jungle is producing 6,593 barrels of 22 degree gravity
+  oil per day from depths of 9,543 to 9,547 and 9,556 to 9,599
+  feet.
+      The company said it is drilling a new exploration well on
+  the block, Southeast Shiviyacu-1, 2.5 miles away.
+  
+
diff --git a/reuters/training/13615 b/reuters/training/13615
new file mode 100644
index 0000000000000000000000000000000000000000..e25c008038542862ca757ccfca40365b4a303f3c
--- /dev/null
+++ b/reuters/training/13615
@@ -0,0 +1,12 @@
+LIEBERMAN ENTERPRISES INC 3RD QTR FEB 28 NET
+  Shr 51 cts vs 46 cts
+      Shr diluted 44 cts vs 41 cts
+      Net 2,267,000 vs 2,055,000
+      Sales 87.3 mln vs 70.4 mln
+      Nine mths
+      Shr 1.20 dlrs vs 1.12 dlrs
+      Shr diluted 1.07 dlrs vs 1.03 dlrs
+      Net 5,318,000 vs 4,958,000
+      Sales 243.7 mln vs 198.7 mln
+  
+
diff --git a/reuters/training/1363 b/reuters/training/1363
new file mode 100644
index 0000000000000000000000000000000000000000..bc8e0d7f3aed61bb2553a55be887e85351ddf61a
--- /dev/null
+++ b/reuters/training/1363
@@ -0,0 +1,8 @@
+FLORIDA COMMERCIAL BANKS INC <FLBK> DIVIDEND
+  Qtly div 14 cts vs 19 cts prior
+      Pay March 31
+      Record March 16
+      Note: Quarterly dividend for prior quarter included special
+  payout of five cts a share.
+  
+
diff --git a/reuters/training/13633 b/reuters/training/13633
new file mode 100644
index 0000000000000000000000000000000000000000..43454f8cf3db054f31197d4952767dabd92944fa
--- /dev/null
+++ b/reuters/training/13633
@@ -0,0 +1,24 @@
+BP SCOTTISH REFINERY SET TO RESTART THIS WEEK
+  The British Petroleum <BP.L> Co Plc's
+  refinery at Grangemouth, Scotland, shut down after an explosion
+  and fire in the hydrocracker on March 22, will probably be back
+  in operation towards the week-end, a refinery spokesman said.
+      He said the refinery will resume at about half its 178,500
+  barrels per day (bpd) capacity, as work on overhauling the
+  North Side of the complex, which began at the end of January,
+  will not be completed before the end of April.
+      He said the refinery had been closed for longer than
+  originally expected due to the lengthy safety checks being
+  carried out prior to restarting.
+      The explosion and fire, in which one worker was killed,
+  caused extensive damage to the central part of the 32,000
+  hydrocracker and the spokesman said today this unit would be
+  out of operation for several months. The remainder of the
+  refinery, including the 19,000 catalytic cracker, was
+  undamaged.
+      He said inquiries into the accident, which happened while
+  the hydrocracker was not in operation, were continuing.
+      In an earlier incident, two people were killed in an
+  explosion and fire at the refinery on March 13.
+  
+
diff --git a/reuters/training/1364 b/reuters/training/1364
new file mode 100644
index 0000000000000000000000000000000000000000..7ef14ba482287c12d0e61e88eeae98a1d4fe1813
--- /dev/null
+++ b/reuters/training/1364
@@ -0,0 +1,9 @@
+<TIMMINCO LTD> YEAR NET
+  Oper shr 33 cts vs 33 cts
+      Oper net 3,330,000 vs 2,969,000
+      Revs 95.9 mln vs 92.0 mln
+      Avg shrs 8,610,068 vs 7,603,219
+      Note: 1986 net excludes extraordinary gain of 577,000 dlrs
+  or seven cts shr vs yr-ago gain of 71,000 dlrs or one ct shr.
+  
+
diff --git a/reuters/training/13649 b/reuters/training/13649
new file mode 100644
index 0000000000000000000000000000000000000000..e04bdfa084c6d91301c0ccfe661386905c21a404
--- /dev/null
+++ b/reuters/training/13649
@@ -0,0 +1,54 @@
+BRITAIN WARNS JAPAN OVER TRADE ROW
+  British corporate affairs minister Michael
+  Howard told Japan to resolve the row over the U.K. Firm Cable
+  and Wireless Plc's <CAWL.L> shareholding in a new Japanese
+  telecommunications company or face an abrupt deterioration in
+  trade relations.
+      In meetings with both the foreign and telecommunications
+  ministers Howard said he expressed deep concern about the way
+  Tokyo had handled the dispute and about the continuing trade
+  imbalance between the two countries.
+      "I put it to the (post and telecommunications) minister that
+  I was sure he did not want to be responsible for an abrupt
+  deterioration in the trading relations of our countries which
+  would have widespread reverberations elsewhere in the world,"
+  Howard told reporters.
+      "He listened very carefully and I have little doubt the
+  message got home," he added.
+      British frustration over the lopsided trade balance -
+  nearly six billion dlrs in Japan's favour last year - has
+  reached boiling point over the telecommunications issue, Howard
+  said.
+      Howard has accused Japan of trying to shut out Cable and
+  Wireless from having a major role in the international
+  telephone market in Japan.
+      "I want a fair crack of the whip for Cable and Wireless as I
+  want a fair crack of the whip for Britain generally in trading
+  relations," Howard said. "We simply aren't prepared to continue
+  to accept the imbalance which has been the position for such a
+  long time."
+      Post and Telecommunications Ministry officials were unable
+  to comment on Howard's meeting with their minister.
+      But Foreign Ministry officials said Foreign Minister
+  Tadashi Kuranari said that British exports to Japan are
+  increasing, but acknowledged the continuing imbalance in trade.
+      Kuranari said he wants everyone in the telecommunications
+  dispute, including Cable and Wireless, to be satisfied.
+      Howard told reporters that Britain was actively considering
+  possible retaliatory measures if it did not get its way on the
+  telecommunications issue.
+      "There are measures which are under consideration if we
+  continue to suffer from the imbalance in our trading relations,"
+  he added, but gave no details.
+      He said he had received a reassuring response from the
+  Japanese he has spoken with.
+      "But of course we've had reassuring signs from the Japanese
+  for quite some time," he added. "What I've made plain is we
+  expect to see action."
+      Howard ruled out using powers in Britain's Financial
+  Services bill to retaliate against unfair trade practices.
+  Those powers, which allow London to ban foreign financial firms
+  like banks from Britain, are designed to ensure U.K. Firms
+  equal access to overseas financial markets.
+  
+
diff --git a/reuters/training/13656 b/reuters/training/13656
new file mode 100644
index 0000000000000000000000000000000000000000..e4fa92b43a749e9bf9f8cb5f240175f74e4879a9
--- /dev/null
+++ b/reuters/training/13656
@@ -0,0 +1,25 @@
+CARDINAL INDUSTRIES <CDNI> RESTATES NET LOWER
+  Cardinal Industries Inc said it
+  restated earnings for the first nine months of 1986 to 235,000
+  dlrs, or nine cts per share, from 485,000 dlrs, or 18 cts,
+  reported previously due to the failure of an automated
+  accounting system installed in mid-year and replaced in the
+  fourth quarter.
+      The company said its Reliance segment sustained a
+  significant operating loss for the full year 1986 due to the
+  accounting problems and increased promotional and advertising
+  expenses.  For the full year, it said it earned 284,000 dlrs,
+  or 10 cts a share, up from 271,000 dlrs, or 10 cts, in 1985.
+      Cardinal Industries said revenues for the year were 30.7
+  mln dlrs, up from 23.0 mln dlrs in 1985.
+      The company said for the first quarter of 1987, earnings
+  were about 48,000 dlrs, up from 13,000 dlrs or nil per share in
+  the year ago period.  The year-ago first quarter earnings,
+  however, have been restated from 101,000 dlrs or four cts per
+  share.  It said sales for the first quarter were about
+  8,363,000 dlrs, up from 6,636,000 dlrs.
+      For the first half of 1986, the company said it restated
+  earnings to 141,000 dlrs or five cts per share from 340,000
+  dlrs or 12 cts per share reported previously.
+  
+
diff --git a/reuters/training/1366 b/reuters/training/1366
new file mode 100644
index 0000000000000000000000000000000000000000..434a1f0880d170b86ce342b92c3ef457e8e43dff
--- /dev/null
+++ b/reuters/training/1366
@@ -0,0 +1,20 @@
+<UNITED FIRE AND CASUALTY> 4TH QTR NET
+  Shr profit 31 cts vs loss 20 cts
+      Net profit 1,044,424 vs loss 515,425
+      Avg shrs 3,406,841 vs 2,544,531
+      Year
+      Shr profit 2.83 dlrs vs profit 42 cts
+      Net profit 8,811,142 vs profit 1,058,503
+      Avg shrs 3,111,464 vs 2,544,531
+      Note: Full company name is United Fire and Casualty Co
+      Net includes realized gains of 93,551 dlrs and 764,177
+  dlrs, respectively, in 1986 qtr and year, and of 92,075 dlrs
+  and 972,935 dlrs, respectively, in 1985 qtr and year.
+      1985 results restated for three-for-two stock split. Net
+  income for 1985 has been restated due to a change in the method
+  used in computing deferred acquisition costs.
+      1986 results include the effect of a stock offering
+  resulting in the issuance of an additional 862,500 shares of
+  common stock.
+  
+
diff --git a/reuters/training/13660 b/reuters/training/13660
new file mode 100644
index 0000000000000000000000000000000000000000..5a82449e95bf3ae70a2893bce09cb56cab2f5413
--- /dev/null
+++ b/reuters/training/13660
@@ -0,0 +1,5 @@
+EGYPTIAN CENTRAL BANK DOLLAR RATE UNCHANGED
+  Egypt's Central Bak left the dollar rate
+  for Commercial banks for April 8 unchanged at 1.353/67 pounds.
+  
+
diff --git a/reuters/training/1367 b/reuters/training/1367
new file mode 100644
index 0000000000000000000000000000000000000000..f69b3f520688922acadca883ddd8b564ab5e3ec5
--- /dev/null
+++ b/reuters/training/1367
@@ -0,0 +1,19 @@
+<POWER CORP OF CANADA> 4TH QTR NET
+  Oper shr 30 cts vs 24 cts
+      Oper net 38,686,000 vs 28,384,000
+      Revs 42.3 mln vs 31.2 mln
+      Year
+      Oper shr 1.05 dlrs vs 94 cts
+      Oper net 136,594,000 vs 110,831,000
+      Revs 153.3 mln vs 125.1 mln
+      Note: Fourth quarter results exclude extraordinary and
+  other items which raised final 1986 net to 62,485,000 dlrs or
+  49 cts a share and lowered final 1985 net to 18,941,000 dlrs or
+  16 cts a share in 1985.
+      Full-year results exclude extraordinary and other items
+  which raised final 1986 net to 237,961,000 dlrs or 1.87 dlrs
+  per share and 1985 net to 152,049,000 or 1.29 dlrs per share.
+      1985 results restated to reflect June, 1986 two-for-one
+  stock split.
+  
+
diff --git a/reuters/training/13688 b/reuters/training/13688
new file mode 100644
index 0000000000000000000000000000000000000000..02813a7e1e8cedad321365089e85e09a1e273c07
--- /dev/null
+++ b/reuters/training/13688
@@ -0,0 +1,12 @@
+BRAZIL SEAMEN'S STRIKE ENDS
+  A Brazilian seamen's strike, which
+  began on February 27 and has been tapering off for weeks, has
+  now ended, a seamen's spokesman said.
+      The spokesman said the seamen had signed an agreement with
+  the state-owned Lloyd Brasileiro company on Saturday for a 120
+  pct salary rise.
+      The national strike had been tailing off since mid-March as
+  seamen struck individual accords with companies. At the height
+  of the stoppage, seamen said about 200 ships were strike-bound.
+  
+
diff --git a/reuters/training/1369 b/reuters/training/1369
new file mode 100644
index 0000000000000000000000000000000000000000..3b8adf2420963c7122550fc825065c48944075dc
--- /dev/null
+++ b/reuters/training/1369
@@ -0,0 +1,41 @@
+U.S. CORN, SORGHUM PAYMENTS 50-50 CASH/CERTS
+  Eligible producers of 1986 crop U.S.
+  corn and sorghum will receive an estimated 600 mln dlrs in
+  deficiency payments -- 50 pct in generic commodity certificates
+  and 50 pct in cash, the U.S. Agriculture Department said.
+      It said corn producers will receive about 515 mln dlrs and
+  sorghum producers about 85 mln dlrs.
+      Only the cash portion of the payments will be subject to
+  the 4.3 pct reduction in compliance with the Gramm-Rudman
+  budget deficit control act of 1985, it said.
+      Corn and sorghum producers who requested advance deficiency
+  payments have already received about 2.8 billion dlrs and 225
+  mln dlrs, respectively, USDA said.
+      The Department said deficiency payment rates of 51.5 cents
+  per bushel for corn and 49 cents per bushel for sorghum were
+  received by producers requesting advance payments.
+      Deficiency payments are calculated as the difference
+  between an established target price and the higher of the basic
+  loan rate, or the national average price received by farmers
+  during the first five months of the marketing year --
+  September-January.
+      National weighted average market prices for the first five
+  months of the season were 1.46 dlrs per bushel for corn and
+  1.33 dlrs per bushel for sorghum. Eligible corn producers will
+  be paid 63 cts per bushel, based on the difference between the
+  3.03 target price and the 2.40 dlr per bushel basic loan rate.
+      Sorghum producers' deficiency payment rate will be 60 cents
+  per bushel, based on the difference between the 2.88 dlrs per
+  bushel target price and the 2.28 dlrs per bushel basic loan
+  rate.
+      The deficiency payment rates for both commodities are the
+  maximum permitted by law, the department said.
+      Eligible corn and sorghum producers will receive another
+  1986 crop deficiency payment in October if the national average
+  market prices received by farmers during the entire marketing
+  year for both commodities are below the basic loan rates, the
+  department said.
+      The payments will be issued through local Agricultural
+  Stabilization and Conservation Service offices, it said.
+  
+
diff --git a/reuters/training/13690 b/reuters/training/13690
new file mode 100644
index 0000000000000000000000000000000000000000..2fde0fbf4c1869693f3db16c9ae530fb5244cd7a
--- /dev/null
+++ b/reuters/training/13690
@@ -0,0 +1,18 @@
+SOUTH AFRICAN GOLD HOLDINGS RISE IN MARCH
+  South African gold holdings rose 172.56
+  mln rand to 4.17 billion rand in March after rising 39 mln rand
+  to 4.0 billion rand in February, Reserve Bank figures show.
+      In volume terms gold holdings rose to 5.51 mln ounces in
+  March from 5.26 mln ounces in February, valued at 757.24 rand
+  an ounce for March versus 754.59 rand an ounce for February.
+      Total gold and foreign assets rose to 6.30 billion rand
+  from 6.22 billion, of which the gold content increased to 66.22
+  pct from 64.3 pct.
+      Foreign bills remained at zero in March while investments
+  fell slightly to 105.69 mln rand from February's 106.56 mln
+  rand and other assets to 2.02 billion rand from 2.11 billion,
+  the figures showed.
+      Total liabilities fell to 12.21 billion rand in March after
+  rising to 13.62 billion in February.
+  
+
diff --git a/reuters/training/13694 b/reuters/training/13694
new file mode 100644
index 0000000000000000000000000000000000000000..eca59aef97d8a57d7e8c8e8a6562766da6e09108
--- /dev/null
+++ b/reuters/training/13694
@@ -0,0 +1,6 @@
+MAGMA RAISES COPPER PRICE 0.50 CT TO 66.00 CTS
+  Magma Copper Co, a subsidiary of
+  Newmont Mining Corp, said it is raising its copper cathode
+  price by 0.50 cent to 66.00 cents a lb, effective immediately.
+  
+
diff --git a/reuters/training/13695 b/reuters/training/13695
new file mode 100644
index 0000000000000000000000000000000000000000..6faa39044e0e3a93887f4ceeb6654d5593aa9cc9
--- /dev/null
+++ b/reuters/training/13695
@@ -0,0 +1,5 @@
+INTERCO INC 4TH QTR SHR 99 CTS VS 97 CTS
+
+  INTERCO INC 4TH QTR SHR 99 CTS VS 97 CTS
+  
+
diff --git a/reuters/training/13702 b/reuters/training/13702
new file mode 100644
index 0000000000000000000000000000000000000000..6f46b98e0684bf55c65dbfbbe4def0aff78828ea
--- /dev/null
+++ b/reuters/training/13702
@@ -0,0 +1,18 @@
+KANEB ENERGY <KEP> SAYS JURY RULES FOR IT
+  Kaneb Energy Partners Ltd, 82 pct owned
+  by Kaneb Services Inc <KAB>, said a juiry in Circuit Court of
+  Tuscaloosa County, Ala., has ruled in its favor and that of Jim
+  Walter Corp <JWC> against Sonat Inc <SNT> in a dispute over a
+  natural gas sales contract.
+      The company said the suit was filed seekiong to enforce
+  Sonat's obligations under the contract to pay for methane gas
+  produced by the Brookwood Coal Degasificiation Project in the
+  Black Warrior Basin of Alabama, which is equally owned by Kaneb
+  and Jim Walter.
+      Kaneb said the jury awarded it and Jim Walter about 22 mln
+  dlrs for required payments for deliveries through January 1987
+  plus interest through March 16 -- the full amount sought -- and
+  rejected Sonat's counterclaim of fraud.
+      It said the decision may be appealed.
+  
+
diff --git a/reuters/training/13704 b/reuters/training/13704
new file mode 100644
index 0000000000000000000000000000000000000000..4de38a2365145186bf8b675839af3f2560ba8ad0
--- /dev/null
+++ b/reuters/training/13704
@@ -0,0 +1,9 @@
+WHITTAKER <WKR> COMPLETES SALE OF MEDICAL UNIT
+  Whittaker Corp said it has completed
+  the previously-announced sale of its wholly-oiwned Whittaker
+  General Medical Corp subsidiary to R.A.B. Holdings Inc for
+  undisclosed terms.
+      Whittaker General Medical has annual revenues of about 450
+  mln dlrs.
+  
+
diff --git a/reuters/training/13708 b/reuters/training/13708
new file mode 100644
index 0000000000000000000000000000000000000000..df80050cb9bdd363ca90fbafd6b4e3c873d79d5a
--- /dev/null
+++ b/reuters/training/13708
@@ -0,0 +1,7 @@
+STARTEL <STAS> TO HAVE LOSS, SALES DROP
+  StarTel Corp said it expects to
+  report a first quartter loss on a 25 to 30 pct revenue fall
+  from the year-earlier 2,524,000 dlrs.
+      The company earned 64,000 dlrs in last year's first quarter.
+  
+
diff --git a/reuters/training/13709 b/reuters/training/13709
new file mode 100644
index 0000000000000000000000000000000000000000..138c493ee228a8bd06616cc6ccdecd74699f5e4c
--- /dev/null
+++ b/reuters/training/13709
@@ -0,0 +1,10 @@
+DATRON SYSTEMS <DTSI> SEES LOWER YEAR NET
+  Datron Systems Inc said it
+  expects to report a falloff in earnings for the year ended
+  March 31 of about 25 pct from fiscal 1986 levels.
+      In fiscal 1986, Datron earned 1,776,000 dlrs.
+      The company said new orders for the year just ended,
+  however, rose 50 pct to 26 mln dlrs, bringing backlog at
+  year-end to 19 mln dlrs.
+  
+
diff --git a/reuters/training/13710 b/reuters/training/13710
new file mode 100644
index 0000000000000000000000000000000000000000..97faebf1801f54bbe3025e07d1b64d53d3386ac2
--- /dev/null
+++ b/reuters/training/13710
@@ -0,0 +1,5 @@
+DATA GENERAL TO TAKE 18.2 MLN DLR PRETAX CHARGE TO REDEEM 150 MLN DLRS OF DEBT
+
+  DATA GENERAL TO TAKE 18.2 MLN DLR PRETAX CHARGE TO REDEEM 150 MLN DLRS OF DEBT
+  
+
diff --git a/reuters/training/13711 b/reuters/training/13711
new file mode 100644
index 0000000000000000000000000000000000000000..61d3c5c38ecf1203bc4f2a20912b40d36f5de303
--- /dev/null
+++ b/reuters/training/13711
@@ -0,0 +1,9 @@
+ENTERRA CORP <EN> SELLS TWO UNITS
+  Enterra Corp said it has completed the
+  sale of its Hale Fire Pump co and Macomson Machine Co
+  subsidiaries to a company formed by Los Angeles investment firm
+  McBain, Rose Partners for about 27 mln dlrs in cash.
+      Both Hale and Macomson make fire pumps and related
+  equipment.
+  
+
diff --git a/reuters/training/13714 b/reuters/training/13714
new file mode 100644
index 0000000000000000000000000000000000000000..f27d4af2ef942a443fe37d8f9e6d23c88d93c807
--- /dev/null
+++ b/reuters/training/13714
@@ -0,0 +1,8 @@
+<FMD INC> IN MERGER AGREEMENT
+  FMD Inc said it has agreed to acquire
+  Bankers Protective Financial Corp for 28,836,000 common shares,
+  subject to approval by the Texas State Board of Insurance.
+      Bankers Protective is a life insurance company based in
+  Texas.
+  
+
diff --git a/reuters/training/13715 b/reuters/training/13715
new file mode 100644
index 0000000000000000000000000000000000000000..71bea1d4b99b5f66c2c779154956e4e584e83c95
--- /dev/null
+++ b/reuters/training/13715
@@ -0,0 +1,10 @@
+<BEDFORD COMPUTER CORP> YEAR NET
+  Shr not given
+      Net profit 1,033,000 vs loss 4,346,000
+      Sales 6,060,000 vs 5,818,000
+      NOTE: Company operating in Chapter 11 bankruptcy.
+      1985 sales exclude contract revenues of 3,217,000 dlrs.
+      1986 net includes reversal of 597,000 dlrs of reserves no
+  longer deemed necessary and tax credit 340,000 dlrs.
+  
+
diff --git a/reuters/training/13717 b/reuters/training/13717
new file mode 100644
index 0000000000000000000000000000000000000000..12af5cfcd5f0aa7dd388bdcd18fcbaad5d79d6a1
--- /dev/null
+++ b/reuters/training/13717
@@ -0,0 +1,12 @@
+INTERCO INC <ISS> 4TH QTR FEB 28 NET
+  Shr 99 cts vs 97 cts
+      Net 31,011,000 vs 30,899,000
+      Sales 651.5 mln vs 583.1 mln
+      Year
+      Shr 3.13 dlrs vs 2.92 dlrs
+      Net 98,643,000 vs 92,347,000
+      Sales 2.61 billion vs 2.51 billion
+      NOTE: 1986 results reflect two-for-one stock split of July
+  23, 1986
+  
+
diff --git a/reuters/training/1372 b/reuters/training/1372
new file mode 100644
index 0000000000000000000000000000000000000000..e2dcd2ad3271db59d058fd7c2e1616a2396e39b3
--- /dev/null
+++ b/reuters/training/1372
@@ -0,0 +1,13 @@
+USDA PROPOSES NAME CHANGES IN BEEF GRADE
+  The U.S. Agriculture Department
+  proposes to rename the "USDA Good" grade of beef to "USDA Select."
+      The department said the proposed change is in response to a
+  petition from Public Voice for Food and Health Policy and would
+  present a more positive image of this grade of beef and help
+  calorie-conscious consumers select leaner cuts of meat.
+      Under current rules, the "good" grade of meat has less
+  marbling and fat than the "prime" or "choice" grades, it said.
+      Standards for all of the grades would remain unchanged
+  under the proposal.
+  
+
diff --git a/reuters/training/13721 b/reuters/training/13721
new file mode 100644
index 0000000000000000000000000000000000000000..d6fbc86792b5308089c7ff5c956d20228815f50e
--- /dev/null
+++ b/reuters/training/13721
@@ -0,0 +1,16 @@
+HOUSEHOLD INT'L <HI> PROJECTS EARNINGS RISE
+  Household International
+  Inc said it expects its fully diluted earnings per share for
+  the first quarter to be about 35 pct above the same year-ago
+  period.
+      It also looks for 1987 full-year fully diluted earnings to
+  be about 20 pct higher than the record 4.31 dlrs a share
+  reported for 1986.
+      Chairman Donald Clark, in remarks prepared for delivery to
+  New York security analysts, cited increased earnings from
+  Household Financial Services and "excellent return on equity
+  from Household Manufacturing, combined with the impact of our
+  share repurchase program, will result in higher earnings per
+  share and improved return on equity in 1987."
+  
+
diff --git a/reuters/training/13729 b/reuters/training/13729
new file mode 100644
index 0000000000000000000000000000000000000000..a2a8eab4b45dca10d4c27f27ad14a20b2c8be179
--- /dev/null
+++ b/reuters/training/13729
@@ -0,0 +1,13 @@
+U.K. INTERVENTION WHEAT SOLD TO HOME MARKET
+  A total of 14,685 tonnes of British
+  intervention feed wheat were sold at today's tender for the
+  home market, the Home Grown Cereals Authority said.
+      Bids amounted to 19,115 tonnes against offerings of 31,528.
+  Prices paid were at, or above, the prevailing intervention feed
+  wheat price of 120.71 stg per tonne.
+      Grain traders said a large part of the tonnage on offer was
+  in stores, which would mean high transport costs to deficient
+  areas. The European Commission recently made available 70,000
+  tonnes for next week's tender.
+  
+
diff --git a/reuters/training/13735 b/reuters/training/13735
new file mode 100644
index 0000000000000000000000000000000000000000..ad02dad3dd772a25a74ea1d5b5b16a8fcf3f082f
--- /dev/null
+++ b/reuters/training/13735
@@ -0,0 +1,21 @@
+DATA GENERAL <DGN> TO TAKE 2ND QTR CHARGE
+  Data General Corp said it
+  expects to record an extraordinary pretax charge of about 18.2
+  mln dlrs in the second quarter ended March 28.
+      The company said the charge will result from a redemption
+  of debt. On May 18, Data General said, it will redeem 150 mln
+  dlrs of outstanding 12-3/8 pct sinking fund debentures due
+  2015.
+      The redemption price will be 111.138 pct of the total
+  principal amount of notes then outstanding plus accrued
+  interest to the redemption date, it said.
+      No interest will accrue or will be payable on the
+  debentures starting May 18, the computer and communications
+  company said.
+      Data General reported a loss of 1.8 mln dlrs or six cts a
+  share for the second quarter ended March 29, 1986. The loss
+  included a charge of 3.8 mln dlrs from redemption of
+  debentures. In the year-ago quarter, revenues fell less than
+  one pct to 318.8 mln dlrs.
+  
+
diff --git a/reuters/training/13738 b/reuters/training/13738
new file mode 100644
index 0000000000000000000000000000000000000000..fd7610f43ad5169b1884f67cd2706452edf9ff5b
--- /dev/null
+++ b/reuters/training/13738
@@ -0,0 +1,47 @@
+PALM OIL OUTPUT SEEN DROPPING SHARPLY - OIL WORLD
+  Malaysian and Indonesian palm oil
+  production is likely to drop sharply this year, due to lower
+  yields, the Hamburg-based newsletter Oil World said.
+      The publication expects total Malaysian output during
+  Jan/Sept 1987 to decline by eight pct to 3.05 mln tonnes. For
+  East Malaysia, it put production during the period at 297,000
+  tonnes after 312,000 a year earlier and for West Malaysia 2.75
+  mln compared with just over 3.0 mln during Jan/Sept 1986.
+      It said new plantings had slowed markedly in both
+  countries, but the effects of this will not be felt until
+  1988-90.
+      Above normal yields during recent years resulted in trees
+  reacting to the stress by changing the sex ratio to more male
+  inflorescences and/or aborting more female, Oil World said.
+      Yields per hectare are also likely to be adversely affected
+  this year by insufficient rain up to 25 months ago. This could
+  especially affect trees in West Malaysia during April/June,
+  while in East Malaysia the impact will be in February/April and
+  July/Dec, and in Indonesia July/Sept.
+      Last year's cut in fertilizer use will hit this year's
+  yields and bigger effects are expected within the next three
+  years, Oil World said without elaborating.
+      Opening stocks in West Malaysia at the start of this year
+  were put at only 565,000 tonnes compared with 914,000 in
+  January 1986, Oil World said.
+      West Malaysian net exports are therefore expected to drop
+  500,000 tonnes to 2.54 mln during Jan/Sept, while those of East
+  Malaysia are likely to decline by 10 pct to 280,000 tonnes.
+      Indonesian palm oil production is forecast to fall about
+  eight pct during Jan/May, but to rise from June on. Overall
+  Indonesian output during Jan/Sept is forecast to rise three pct
+  to 933,000 tonnes. Indonesian stocks as of April 1, however,
+  are put at only 65,000 tonnes compared with 160,000 a year ago.
+      Indonesian export commitments and domestic requirements are
+  both running at high levels, Oil World said, and it expects the
+  country's imports to reach a record 110,000 tonnes during
+  Jan/Sept. The bulk of this will arrive during Feb/May, ahead of
+  the April elections and the religious Ramadan festival
+  throughout May, it said.
+      Indonesian net exports, therefore, may fall by 29 pct to
+  350,000 tonnes, Oil World said. The possibility that recent
+  Indonesian palm oil purchases will not actually enter the
+  country but be transshipped to other countries to fulfill
+  Indonesia's export orders cannot be ruled out, it said.
+  
+
diff --git a/reuters/training/13739 b/reuters/training/13739
new file mode 100644
index 0000000000000000000000000000000000000000..b07001a1f18bd4fe4066a17283ebff2edfc4df20
--- /dev/null
+++ b/reuters/training/13739
@@ -0,0 +1,14 @@
+U.K. MONEY MARKET GIVEN FURTHER 284 MLN STG HELP
+  The Bank of England said it provided the
+  money market with a further 284 mln stg assistance in the
+  afternoon session.
+      This takes the bank's total help so far today to 508 mln
+  stg and compares with its revised estimate of a 900 mln stg
+  shortage in the system which it earlier revised up from 850
+  mln.
+      The central bank made outright purchases of bank bills
+  comprising 100 mln stg in band one at 9-7/8 pct, 56 mln stg in
+  band two at 9-13/16 pct, 112 mln stg in band three at 9-3/4 pct
+  and 16 mln stg in band four at 9-11/16 pct.
+  
+
diff --git a/reuters/training/13744 b/reuters/training/13744
new file mode 100644
index 0000000000000000000000000000000000000000..268aa5b4987855a73dc24656b06b115b2eeefd4b
--- /dev/null
+++ b/reuters/training/13744
@@ -0,0 +1,9 @@
+SESOSTRIS SELLS 18,000 TONNES BARLEY TO GREECE
+  Sesostris, the Spanish subsidiary of the
+  international grain trader Dreyfus, sold 18,000 tonnes of
+  barley to Greece for delivery from Mediterranean ports from
+  April 14 to 30, a company spokesman said. He gave no details on
+  price.
+      The barley has a 14 pct humidity.
+  
+
diff --git a/reuters/training/1375 b/reuters/training/1375
new file mode 100644
index 0000000000000000000000000000000000000000..ea770e27c63b2ad77fd3ce24338d1405c4584ed7
--- /dev/null
+++ b/reuters/training/1375
@@ -0,0 +1,12 @@
+VENDO CO <VEN> 4TH QTR LOSS
+  Shr loss 1.48 dlrs vs loss 36 cts
+      Net loss 4,036,000 vs loss 983,000
+      Sales 16.6 mln vs 17 mln
+      12 mths
+      Shr loss 1.88 dlrs vs profit 71 cts
+      Net loss 5,113,000 vs profit 1,904,000
+      Sales 85.4 mln vs 88.5 mln
+      Note: Prior year net includes extraordinary loss of 298,000
+  dlrs in qtr and extraordinary profit of 718,000 dlrs in year.
+  
+
diff --git a/reuters/training/13753 b/reuters/training/13753
new file mode 100644
index 0000000000000000000000000000000000000000..eb10ac10c29a27bb837c55d8f7e9b615e2ad44e1
--- /dev/null
+++ b/reuters/training/13753
@@ -0,0 +1,12 @@
+BOW VALLEY <BVI> TO SELL NORWEGIAN SUBSIDIARY
+  Bow Valley Industries Ltd said
+  it agreed to sell its wholly owned Norwegian subsidiary to Elf
+  Aquitaine Norge A/S of Stavanger, Norway for 13 mln Canadian
+  dlrs.
+      The principal asset of the subsidiary, Bow Valley
+  Exploration Norge A/S, is  an eight pct interest in the Heimdal
+  gas and condensate field offshore Norway.
+      The sale is expected to conclude by the middle of April,
+  Bow Valley said.
+  
+
diff --git a/reuters/training/13757 b/reuters/training/13757
new file mode 100644
index 0000000000000000000000000000000000000000..5fe6a439695df8dde69ff13431d92d6ee5367da8
--- /dev/null
+++ b/reuters/training/13757
@@ -0,0 +1,20 @@
+SYNGOLD DEFINES RESERVES ON DEKA PROPERTY
+  <Syngold Exploration Inc> and <Corp
+  Falconbridge Copper> said they defined undiluted reserves of
+  911,000 tons of ore with an average grade of 0.43 ounces of
+  gold per ton in two separate deposits on the Deka property
+  located at Noranda, Quebec.
+      Assay results from 20 suface holes drilled on 250 foot
+  centers indicate that the Donalda number one deposit contains
+  possible reserves of 611,000 tons at an average grade of 0.48
+  ounces of gold per ton.
+      The number one deposit's reserves are contained between a
+  vertical depth of 750 and 1200 feet at a strike length of 900
+  feet.
+      Reserves of the Donalda number-two deposit, located 1,000
+  feet below the number-one deposit, were recalculated at 300,000
+  tons with an average grade of 0.33 ounces of gold per ton.
+      Syngold has earned a 20 pct interest in the Deka property
+  from the operator, Corp Falconbridge Copper.
+  
+
diff --git a/reuters/training/1377 b/reuters/training/1377
new file mode 100644
index 0000000000000000000000000000000000000000..daca50985b59e24ad4d0a85b6ed34f015c8bc567
--- /dev/null
+++ b/reuters/training/1377
@@ -0,0 +1,29 @@
+AUSTRALIAN GOVERNMENT TO PAY SUBSIDIES--USDA
+  The Australian Government will likely
+  reimburse the Australian Wheat Board, AWB, about 132 mln (U.S.)
+  dlrs to pay wheat farmers for their 1986/87 crop, the U.S.
+  Agriculture Department said.
+      In its report on Export Markets for U.S. Grains, the
+  department said the sharp fall in world wheat prices has
+  reduced the export sales revenue of the AWB to levels
+  insufficient to cover its breakeven export price estimated at
+  around 98 dlrs per tonne.
+       For example the recent large sales of wheat to China (1.5
+  mln tonnes) and Egypt (2.0 mln tonnes) were well below the
+  breakeven export price, it said.
+      Australian wheat farmers normally receive an advance
+  payment known as the Guaranteed Minimum Price, GMP, calculated
+  at 90 pct of the average of estimated returns in the current
+  year and the two lowest of the previous three years, the
+  department said.
+      In addition, deductions for taxes, freight, handling and
+  storage are deducted from the GMP the farmer receives.
+      But the department said the Australian Bureau of
+  Agricultural Economics, BAE, predicts wheat production will
+  drop sharply from 17.8 mln tonnes in 1986/87 to 13.5 mln in
+  1989/90.
+      The decline will result from low world grain prices leading
+  to shifts to livestock and other crops which could benefit U.S.
+  wheat exports, the department said.
+  
+
diff --git a/reuters/training/13775 b/reuters/training/13775
new file mode 100644
index 0000000000000000000000000000000000000000..2e4b08d17bdd171d4f12a4048a2ed601f815bf37
--- /dev/null
+++ b/reuters/training/13775
@@ -0,0 +1,5 @@
+EMERY AIR FREIGHT SAID HUTTON GROUP ENDS OFFER FOR PUROLATOR COURIER
+
+  EMERY AIR FREIGHT SAID HUTTON GROUP ENDS OFFER FOR PUROLATOR COURIER
+  
+
diff --git a/reuters/training/1378 b/reuters/training/1378
new file mode 100644
index 0000000000000000000000000000000000000000..2f3302bcba2cf9be6d1a61b4e3f164e1b4a3a056
--- /dev/null
+++ b/reuters/training/1378
@@ -0,0 +1,6 @@
+LAWSON PRODUCTS INC <LAWS> RAISES QTLY PAYOUT
+  Qtly div seven cts vs six cts prior
+      Pay April 17
+      Record April three
+  
+
diff --git a/reuters/training/13787 b/reuters/training/13787
new file mode 100644
index 0000000000000000000000000000000000000000..2513a04d700e0fcb8d808bda85b89a536e0f902c
--- /dev/null
+++ b/reuters/training/13787
@@ -0,0 +1,11 @@
+NORANDA BUYS SHARES OF SANIVAN GROUP
+  <Noranda Inc> said it agreed to buy an
+  initial 1,000,501 treasury shares of <Sanivan Group Inc> at
+  5.25 dlrs per share.
+      Noranda also has an option until June 30, 1988, to acquire
+  an additional 1,000,501 Sanivan treasury shares at 5.75 dlrs
+  per share.
+      Sanivan is the largest hazardous waste management company
+  in Canada.
+  
+
diff --git a/reuters/training/1379 b/reuters/training/1379
new file mode 100644
index 0000000000000000000000000000000000000000..0ec6c800f1f28fcc734a004ac4e7f2fb2c8ec5e0
--- /dev/null
+++ b/reuters/training/1379
@@ -0,0 +1,10 @@
+KANEB ENERGY <KEP> MAY OMIT FUTURE PAYOUTS
+  Kaneb Energy Partners Ltd said it may be
+  forced to omit or lower future quarterly cash distributions
+  because of a contract dispute with two major customers and the
+  continued slump in oil and gas prices.
+      The partnership said, however, that it will pay a regular
+  quarterly distribution of 60 cts a unit on April 15 to holders
+  of record March 31.
+  
+
diff --git a/reuters/training/13790 b/reuters/training/13790
new file mode 100644
index 0000000000000000000000000000000000000000..8dae81c903c16e01a0bb869ab82bba8f7283f4b4
--- /dev/null
+++ b/reuters/training/13790
@@ -0,0 +1,34 @@
+HUTTON <EFH> ENDS PUROLATOR <PCC> BID
+  Emery Air Freight Corp said it has
+  entered into an agreement with E.F. Hutton Group Inc EFH under
+  which Hutton will terminate its merger agreement with Purolator
+  Courier Corp and its pending 35-dlr-per-share tender offer,
+  effective April 13.
+      Under its merger agreement, Hutton has the right to
+  unilaterally terminate the merger agreement under certain
+  circumstances, including its receipt of less than 66-2/3 pct of
+  Purolator shares or the start of a higher competing tender
+  offer, such as Emery's competing 40 dlr per share offer for
+  Purolator stock.
+      Yesterday, Hutton's PC Acquisition Corp subsidiary extended
+  its tender offer, which was to have expired at midnight, for
+  two more days.  It said it only about 450,000 shares, or 6.5
+  pct, of Purolator shares had been tendered and not withdrawn,
+  down from an 11.5 pct interest held earlier.
+      Emery's bid expires April 28.
+      Emery said pending the termination of PC Acquisition's
+  merger agreement, PC has released Purolator from an agreement
+  not to discuss Emery's acquisition proposal with Emery. Emery
+  said as a result it is renewing its request that Purolatr enter
+  into merger negotiations with it.
+      Emery said if it were to acquire 51 pct of Purolator shares
+  or control of the Purolator board, it has agreed not to dispute
+  PC Acquisition's right to receive fees that Purolator agreed to
+  pay if PC were unsuccessful in acquiring control of Purolator
+  due to the acquisition of control by another party.
+      The company said it has also agreed to let Purolator pay
+  all of PC Acquisition's documented expenses in connection with
+  the merger agreement up to three mln dlrs and Emery has agreed
+  to pay the amounts itself should Purolator fail to do so.
+  
+
diff --git a/reuters/training/13791 b/reuters/training/13791
new file mode 100644
index 0000000000000000000000000000000000000000..51a61d54959861eee9e793b74d194005f9961bd0
--- /dev/null
+++ b/reuters/training/13791
@@ -0,0 +1,17 @@
+SOUTH AFRICAN GOLD HOLDINGS RISE IN MARCH
+  South Africa gold holdings rose 172.56
+  mln rand to 4.17 billion rand in March after rising 39 mln rand
+  to 4.0 billion in February, Reserve Bank figures show.
+      In volume terms gold holdings rose to 5.51 mln ounces in
+  March from 5.26 mln ounces in February, valued at 757.24 rand
+  an ounce for March versus 754.59 rand an ounce for February.
+      Total gold and foreign assets rose to 6.30 billion rand
+  from 6.22 billion, of which the gold content increased to 66.22
+  pct from 64.3 pct.
+      Foreign bills remained at zero in March while investments
+  fell slightly to 105.69 mln rand from February's 106.56 mln
+  rand and other assets to 2.02 billion rand from 2.11 billion,
+  the figures showed. Total liabilities fell to 12.21 billion
+  rand in March after rising to 13.62 billion in February.
+  
+
diff --git a/reuters/training/13795 b/reuters/training/13795
new file mode 100644
index 0000000000000000000000000000000000000000..12ce103ee96e6cdd93587626950ca05067ffc9f0
--- /dev/null
+++ b/reuters/training/13795
@@ -0,0 +1,9 @@
+SPAIN TO SELL BARLEY TO SAUDI ARABIA
+  Spain will shortly sign with Saudi Arabia
+  an order for barley for April/May delivery, trade sources said.
+      They gave no details on amounts or prices, but said it
+  would be a "major" order.
+      Saudi Arabia bought 500,000 tonnes of Spanish barley last
+  year.
+  
+
diff --git a/reuters/training/138 b/reuters/training/138
new file mode 100644
index 0000000000000000000000000000000000000000..728a07405ddc1cd5893f5e587d0b77a2d505755f
--- /dev/null
+++ b/reuters/training/138
@@ -0,0 +1,12 @@
+DAHLBERG INC <DAHL> 4TH QTR NET
+  Shr profit 10 cts vs loss seven cts
+      Net profit 286,870 vs loss 156,124
+      Revs 10.0 mln vs 7,577,207
+      Year
+      Shr profit five cts vs profit 42 cts
+      Net profit 160,109 vs profit 906,034
+      Revs 38.1 mln vs 31.2 mln
+      Avg shrs 2.9 mln vs 2.2 mln
+      NOTE: 1986 year includes 53 weeks.
+  
+
diff --git a/reuters/training/1381 b/reuters/training/1381
new file mode 100644
index 0000000000000000000000000000000000000000..f0b5b2f52d8fa8b17159610358b5fbf50f5dd63c
--- /dev/null
+++ b/reuters/training/1381
@@ -0,0 +1,9 @@
+BRASCAN LTD <BRS.A> 4TH QTR NET
+  Shr 50 cts vs 46 cts
+      Net 43.0 mln vs 34.8 mln
+      YEAR
+      Shr 1.55 dlrs vs 1.38 dlrs
+      Net 136.8 mln vs 112.9 mln
+      Note: Holding company.
+  
+
diff --git a/reuters/training/1382 b/reuters/training/1382
new file mode 100644
index 0000000000000000000000000000000000000000..7fbe6b5b19a0c96ce7aeccff32a86abe301af3f6
--- /dev/null
+++ b/reuters/training/1382
@@ -0,0 +1,6 @@
+FLORIDA COMMERCIAL BANKS INC <FLBK> QTLY DIV
+  Qtly div 14 cts vs 14 cts prior
+      Payable March 31
+      Record March 16
+  
+
diff --git a/reuters/training/13831 b/reuters/training/13831
new file mode 100644
index 0000000000000000000000000000000000000000..ff6e8abdfbbe342fba234bb90a2c713e913606c1
--- /dev/null
+++ b/reuters/training/13831
@@ -0,0 +1,5 @@
+VOLCKER SAYS FURTHER SIZEABLE DECLINE IN DOLLAR COULD BE COUNTERPRODUCTIVE
+
+  VOLCKER SAYS FURTHER SIZEABLE DECLINE IN DOLLAR COULD BE COUNTERPRODUCTIVE
+  
+
diff --git a/reuters/training/13834 b/reuters/training/13834
new file mode 100644
index 0000000000000000000000000000000000000000..6f1edb8a82ff488197889bf578ffb16a5f4981dd
--- /dev/null
+++ b/reuters/training/13834
@@ -0,0 +1,11 @@
+BRAZILIAN COFFEE RAINFALL
+  THE FOLLOWING RAINFALL WAS RECORDED IN
+  THE AREAS OVER THE PAST 24 HOURS
+      PARANA STATE: UMUARAMA NIL, PARANAVAI NIL, LONDRINA NIL,
+  MARINGA NIL.
+      SAO PAULO STATE PRESIDENTE PRUDENTE NIL, VOTUPORANGA NIL,
+  FRANCA NIL, CATANDUVA NIL, SAO CARLOS NIL, SAO SIMAO NIL.
+      MINAS GERAIS STATE: GUAXUPE 33.0 MILLIMETRES, TRES PONTAS
+  5.0 MM. REUTER
+  
+
diff --git a/reuters/training/13836 b/reuters/training/13836
new file mode 100644
index 0000000000000000000000000000000000000000..a421f29fe6016a5883c2467b94f695fa7ef276cd
--- /dev/null
+++ b/reuters/training/13836
@@ -0,0 +1,5 @@
+VOLCKER SAYS EXCHANGE RATE ADJUSTMENT ENOUGH TO NARROW U.S. TRADE DEFICIT
+
+  VOLCKER SAYS EXCHANGE RATE ADJUSTMENT ENOUGH TO NARROW U.S. TRADE DEFICIT
+  
+
diff --git a/reuters/training/1384 b/reuters/training/1384
new file mode 100644
index 0000000000000000000000000000000000000000..07678ee423a245debdea8ebf1c1196eeeb0d2ada
--- /dev/null
+++ b/reuters/training/1384
@@ -0,0 +1,6 @@
+<CHAUVCO RESOURCES LTD> YEAR NET
+  Shr 16 cts vs 35 cts
+      Net 476,000 vs 929,000
+      Revs 3,000,000 vs 3,600,000
+  
+
diff --git a/reuters/training/13842 b/reuters/training/13842
new file mode 100644
index 0000000000000000000000000000000000000000..df31cc3c18435cea4e7ef4838cc137ba140f32b4
--- /dev/null
+++ b/reuters/training/13842
@@ -0,0 +1,5 @@
+VOLCKER SAYS REDUCING U.S. BUDGET DEFICIT NEEDED TO IMPROVE TRADE BALANCE
+
+  VOLCKER SAYS REDUCING U.S. BUDGET DEFICIT NEEDED TO IMPROVE TRADE BALANCE
+  
+
diff --git a/reuters/training/13849 b/reuters/training/13849
new file mode 100644
index 0000000000000000000000000000000000000000..392efbc0d43579426e069d042aa80afcf68d1014
--- /dev/null
+++ b/reuters/training/13849
@@ -0,0 +1,5 @@
+VOLCKER SAYS MORE STIMULUS ABROAD NEEDED FOR ADJUSTMENTS IN TRADE BALANCES
+
+  VOLCKER SAYS MORE STIMULUS ABROAD NEEDED FOR ADJUSTMENTS IN TRADE BALANCES
+  
+
diff --git a/reuters/training/1385 b/reuters/training/1385
new file mode 100644
index 0000000000000000000000000000000000000000..bb25080847e7d69a158d837c985542f1dd71d3d9
--- /dev/null
+++ b/reuters/training/1385
@@ -0,0 +1,15 @@
+JAPAN CUTTING CHINA CORN COMMITMENTS - USDA
+  Japanese traders have apparently
+  sharply reduced commitments to buy Chinese corn over the next
+  six months due to high prices, the U.S. Agriculture Department
+  said.
+      In its World Production and Trade Report, the department
+  said traders indicated China may lack supplies or be unwilling
+  to sell at current low world prices.
+      If the reports are confirmed, China's major export
+  destinations such as USSR, Japan, and South Korea, could
+  increase purchases of U.S. corn, it said.
+      China is currently forecast to export 5.5 mln tonnes of
+  corn during 1986/87 (Oct-Sept), it said.
+  
+
diff --git a/reuters/training/13852 b/reuters/training/13852
new file mode 100644
index 0000000000000000000000000000000000000000..74a44b19f4eedeb291a4070918b9ebf216449d2a
--- /dev/null
+++ b/reuters/training/13852
@@ -0,0 +1,14 @@
+GRAIN RESERVE HOLDINGS -- USDA
+  The U.S. Agriculture Department gave
+  a preliminary breakdown of grain in the Farmer-Owned Grain
+  Reserve as of April 1, with comparisons, based on telephone
+  reports from farmers filed with the department's Kansas City
+  field office, in mln bushels --
+             April 1   Previous
+   Wheat     657.6      659.7
+   Corn    1,406.5    1,397.0
+   Sorghum    95.8       95.5
+   Barley    122.1      122.0
+   Oats        3.7        3.7
+  
+
diff --git a/reuters/training/13854 b/reuters/training/13854
new file mode 100644
index 0000000000000000000000000000000000000000..5388ac08d02080b413a06784105b97426fb94e15
--- /dev/null
+++ b/reuters/training/13854
@@ -0,0 +1,23 @@
+ON-LINE SOFTWARE <OSI> 3RD QTR FEB 28 NET
+  Shr primary 34 cts vs 17 cts
+      Shr diluted 33 cts vs 17 cts
+      Net 1,487,000 vs 686,000
+      Rev 19.8 mln vs 8.8 mln
+      Nine months
+      Shr primary 77 cts vs 43 cts
+      Shr diluted 75 cts vs 43 cts
+      Net 3,240,000 vs 1,710, 000
+      Rev 42.2 mln vs 25.0 mln
+      NOTE: Company's full name is On-Line Software International
+  Inc.
+      The qtr and year-to-date results include the operations,
+  since the end of October 1986, of a business purchase from
+  Martin Marietta Corp <ML>.
+      In fiscal 1987 ending May 31 the company initially adopted
+  FASB statement number 86 and, as required, capitalized certain
+  software deveopment costs. During the qtr and nine months
+  period ended Febraury 28, 1987 the company capitalized pre-tax
+  amounts of 746,000 dlrs and 1,445,000 dlrs of development
+  costs, respectively.
+  
+
diff --git a/reuters/training/13856 b/reuters/training/13856
new file mode 100644
index 0000000000000000000000000000000000000000..9294114b2db3dfabe31d9de58b5a969d41b391d4
--- /dev/null
+++ b/reuters/training/13856
@@ -0,0 +1,14 @@
+GRAIN RESERVE HOLDINGS BREAKDOWN
+  The U.S. Agriculture Department gave
+  the following breakdown of grain remaining in the farmer-owned
+  grain reserve as of April 1, in mln bushels, by reserve number
+  --
+               I    II  III    IV      V      VI
+   Wheat      nil  nil  0.1   0.3    10.5  479.7
+   Corn        --   --   --   4.1 1,231.9     --
+   Sorghum-x   --   --   --   0.1    38.8     --
+   Barley      --   --   --   0.1    73.9     --
+   x - mln cwts. Note - USDA says above totals may not match
+  total in reserve numbers.
+  
+
diff --git a/reuters/training/13869 b/reuters/training/13869
new file mode 100644
index 0000000000000000000000000000000000000000..f3ce4742f5324fe1a9efa4fa3cfb1a4be2eea0d4
--- /dev/null
+++ b/reuters/training/13869
@@ -0,0 +1,24 @@
+RUDING AGAINST FURTHER DOLLAR FALL, TRADE CURBS
+  Shifts in domestic economic policy,
+  not a further fall in the dollar or trade restrictions, are the
+  key to reducing imbalances in trade and payments, Dutch Finance
+  Miniister H. Onno Ruding said.
+      Ruding told a meeting of the World Trade Forum here that
+  protectionism would naturally lead to retaliation and aggravate
+  the problems of heavily indebted developing countries.
+      "The main contribution towards resolving the still enourmous
+  U.S. trade deficit is not repeat not a further fall in the
+  dollar, is not still more protectionism in your country."
+      "No, it is - like in other countries - changes in domestic
+  economic and financial policies," Ruding said.
+      Ruding said he was less worried about a crisis of the
+  weakening dollar than he was in January before the Paris accord
+  to stabilize foreign exchange rates.
+      He said the highest priority should be given to policy
+  changes in the United States, especially reducing the budget
+  deficit and encouraging domestic savings.
+      But he said other countries, such as Japan and West
+  Germany, also needed to take greater steps toward reducing
+  their trade surpluses.
+  
+
diff --git a/reuters/training/1387 b/reuters/training/1387
new file mode 100644
index 0000000000000000000000000000000000000000..d4559ba8abd415337723f6882ddb51917efe9e23
--- /dev/null
+++ b/reuters/training/1387
@@ -0,0 +1,31 @@
+SAUDI SUCCESS SEEN IN CURBING OPEC PRODUCTION
+  Saudi Arabia will succeed in pressuring
+  other members of the Organization of Petroleum Exporting
+  Countries to stay within their production quotas, said Morgan
+  Stanley Group managing director John Wellemeyer.
+      Wellemeyer, speaking to reporters at an offshore oil
+  engineering conference, also said he expected OPEC nations to
+  attempt to hold prices under 20 dlrs a barrel for several years
+  to keep industrial demand for residual fuel oil strong.
+      "Over the next few weeks I think you'll see a concerted
+  effort by the Saudis to get production down," Wellemeyer said.
+      "The Saudis are committed to that price level (of 18 dlrs a
+  barrel) and are willing to make it happen again," he said.
+      In recent weeks, oil prices fell to the 16 to 17 dlrs a
+  barrel level on market reports of some OPE members producing
+  above their quota, pushing total OPEC production to 15.8 mln
+  barrels per day. But prices rebounded today, with April U.S.
+  crude prices up about one dlr to over 17 dlrs a barrel on a
+  belief Saudi Arabia is attempting to curb OPEC output.
+      Wellemeyer said that sharp declines in U.S. oil production
+  could push demand for OPEC oil above 20 mln barrels per day as
+  early as 1989 and up to 24 mln barrels per day by 1993.
+      Although the projected increases in demand for OPEC oil
+  should strengthen world prices, Wellemeyer said he believed the
+  organization would hold its official price below 20 dlrs a
+  barrel for some time to prevent residual fuel users from
+  switching to natural gas supplies. The interfuel swing market
+  accounts for about eight mln barrels a day, or 18 pct of the
+  world demand for oil.
+  
+
diff --git a/reuters/training/13870 b/reuters/training/13870
new file mode 100644
index 0000000000000000000000000000000000000000..40a3ca92959676b735653c4e943e753ca92b3bc0
--- /dev/null
+++ b/reuters/training/13870
@@ -0,0 +1,13 @@
+CAROLYN BEAN <CBEN> COMPLETES ACQUISITION
+  Carolyn Bean Publishing Ltd said
+  it has completed the acquisition of greeting card company
+  Millen Cards, which had sales of over 1,500,000 dlrs in 1986,
+  for undisclosed terms.
+      The company said 90 pct of Millen's cards have been sold in
+  the northeast and mid-Atlantic states, but Bean expects to
+  increase sales to 2,500,000 dlrs this year by distributing the
+  line nationally.
+      Millen specializes in Jewish religious cards and also sells
+  traditional greeting cards.
+  
+
diff --git a/reuters/training/13874 b/reuters/training/13874
new file mode 100644
index 0000000000000000000000000000000000000000..1254a14efa2a77664934f6927442be52476b1c2a
--- /dev/null
+++ b/reuters/training/13874
@@ -0,0 +1,11 @@
+CHESAPEAKE <CSK> SEEKS TO SELL UNIT
+  Chesapeake Corp said it has
+  retained Salomon Inc <SB> to help it sell Plainwell Paper Co
+  Inc, a maker of premium coated and uncoated printing papers and
+  technical specialty papers with a capacity of 85,000 short tons
+  a year.
+      The company said it has decided to sell Plainwell in ordfer
+  to focus on the production of kraft and tissue products,
+  containers and treated wood products.
+  
+
diff --git a/reuters/training/13877 b/reuters/training/13877
new file mode 100644
index 0000000000000000000000000000000000000000..df0ca7b62779c7ec9d147c325ff102692f4a089a
--- /dev/null
+++ b/reuters/training/13877
@@ -0,0 +1,13 @@
+BALL <BLL> TO SUPPLY PENNY BLANKS TO MINTS
+  Ball Corp said it was awarded a
+  one-year 12,750,000 dlr contract to supply copper-plated zinc
+  penny blanks to the U.S. mints in Philadelphia and Denver.
+      The new contract, effective in June, calls for shipping
+  23,200,000 pounds of blanks to the mint in Philadelphia and
+  7,600,000 pounds to Denver. It said the blanks will be
+  manufactured in Greenville, Tenn.
+      Ball began supplying blanks to the San Francisco and West
+  Point mints in 1981 when the penny's content was changed to
+  zinc from copper.
+  
+
diff --git a/reuters/training/1388 b/reuters/training/1388
new file mode 100644
index 0000000000000000000000000000000000000000..f14c882f7aa4d8829f2507f0ac437caec5362062
--- /dev/null
+++ b/reuters/training/1388
@@ -0,0 +1,26 @@
+EC DRIVING TO CAPTURE BRAZIL WHEAT MARKET - USDA
+  The European Community, EC, sold
+  75,000 tonnes of soft wheat at a subsidized price of between 85
+  and 89 dlrs per tonne FOB for March delivery in a continuing
+  bid to establish itself in the Brazilian wheat market, the U.S.
+  Agriculture Department said.
+      The sale sharply undercut the U.S. offer of 112 dlrs per
+  tonne FOB for 33,000 tonnes of wheat, it said in its latest
+  report on Export Markets for U.S grains.
+      EC sales to Brazil total about 225,000 tonnes during
+  1986/87 (July-June) in stark contrast to only 50,000 tonnes in
+  the 1985/86 season, it said.
+      The increasing presence of EC wheat in Brazil comes at a
+  time when the Brazilian Wheat Board, BWB, expects the wheat
+  import market will expand to 3.4 mln tonnes from the current
+  forecast of 3.0 mln in the 1986/87 year.
+      The BWB cites record consumption and an eventual decline in
+  domestic production, and says government plans to lower the
+  guaranteed price of wheat from 242 dlrs per tonne to 180 dlrs
+  will contribute to greater import demand, the USDA said.
+      It said the BWB expects the U.S. to be major supplier of
+  the additional 400,000 tonnes, but commitments for purchase of
+  U.S. wheat through two-thirds of 1986/87 year total only
+  600,000 tonnes versus 700,000 a year ago.
+  
+
diff --git a/reuters/training/13889 b/reuters/training/13889
new file mode 100644
index 0000000000000000000000000000000000000000..376846837467584b6292d22e138590432e450891
--- /dev/null
+++ b/reuters/training/13889
@@ -0,0 +1,5 @@
+VOLCKER URGES INDUSTRIAL NATIONS TO KEEP TRADE MARKETS OPEN TO FOSTER GROWTH
+
+  VOLCKER URGES INDUSTRIAL NATIONS TO KEEP TRADE MARKETS OPEN TO FOSTER GROWTH
+  
+
diff --git a/reuters/training/13890 b/reuters/training/13890
new file mode 100644
index 0000000000000000000000000000000000000000..dfed560c4023a86897c6dfa2e23ab51be52b9d2f
--- /dev/null
+++ b/reuters/training/13890
@@ -0,0 +1,23 @@
+TYCO LABORATORIES <TYC> 3RD QTR FEB 28 NET
+  Shr primary 58 cts vs 66 cts
+      Shr diluted 54 cts vs 66 cts
+      Net 10.1 mln vs 11.4 mln
+      Revs 266.2 mln vs 194.6 mln
+      Avg shrs 17.4 mln vs 17.1 mln
+      Nine mths
+      Shr primary 1.78 dlrs vs 1.58 dlrs
+      Shr diluted 1.65 dlrs vs 1.58 dlrs
+      Net 30.9 mln vs 27.1 mln
+      Revs 823.8 mln vs 511.0 mln
+      Avg shrs 17.4 mln vs 17.3 mln
+      NOTE: prior qtr and nine mths include 3.1 mln dlrs, or 18
+  cts per share, from gain on partial settlement on an insurance
+  claim.
+      nine mths 1987 includes seven cts gain for partial
+  settlement on an insurance claim.
+     Results of Flow Control operations have been included since
+  its acquisition from ITT Corp on Jan 31 1986.
+     nine mths prior includes extraordinary gain 2.3 mln dlrs, or
+  14 cts per share, for replacement of a pension plan.
+  
+
diff --git a/reuters/training/139 b/reuters/training/139
new file mode 100644
index 0000000000000000000000000000000000000000..4a40a91325f034dfd14dc0b1ca8a9f1e90fef2d9
--- /dev/null
+++ b/reuters/training/139
@@ -0,0 +1,6 @@
+CITY NATIONAL CORP <CTYN> RAISES DIVIDEND
+  Shr 16 cts vs 13 cts
+      Pay April 15
+      Record March 31
+  
+
diff --git a/reuters/training/13900 b/reuters/training/13900
new file mode 100644
index 0000000000000000000000000000000000000000..7f3045a35695dca95cf93cfbec938ac74e7b3cb2
--- /dev/null
+++ b/reuters/training/13900
@@ -0,0 +1,14 @@
+GOLD FIELDS OF S. AFRICA PROFIT FALLS IN QUARTER
+  1ST QTR TO MARCH 31
+      Working profit 487.50 mln rand vs 559.59 mln
+      Tax 274.28 mln vs 302.15 mln
+      Net 264.32 mln vs 300.99 mln
+      Tonnes milled 3.74 mln vs 3.72 mln
+      Gold production 30,865 kgs vs 30,236 kgs
+      Gold revenue 846.05 mln rand vs 907.36 mln
+      Working costs 358.56 mln vs 347.77 mln
+      Avg price per kg 27,371 rand vs 29,964
+      NOTE - Full name of company is Gold Fields of South Africa
+      Ltd <GLDF.J>.
+  
+
diff --git a/reuters/training/13903 b/reuters/training/13903
new file mode 100644
index 0000000000000000000000000000000000000000..ec713c1067245220d944c32b4248c6fc44af5895
--- /dev/null
+++ b/reuters/training/13903
@@ -0,0 +1,36 @@
+VOLCKER WARNS AGAINST SIZEABLE DLR DECLINE
+  Federal Reserve Board Chairman Paul
+  Volcker said a further large drop in the value of the dollar
+  could be counterproductive for world economic growth.
+      Testifying before the Senate Banking Committee, Volcker
+  said that Europe and Japan were slowing exports and that growth
+  in those countries was also decreasing.
+      "In that kind of situation, further sizeable depreciation
+  of the dollar could well be counterproductive," he said.
+      Domestic expansion in foreign industrial countries has not
+  been enough to offset the effects of slower exports, Volcker
+  said.
+      On the value of the dollar, Volcker said he could not say
+  whether it should be higher or lower to restore balance in
+  trade.
+      "What we do know is that a substantial exchange rate
+  adjustment has already been made," he said.
+      "That adjustment should be large enough, in a context of a
+  growing world economy and fiscal restraint in the United
+  States, to support the widespread expectations of a narrowing
+  in the real trade deficit in the period ahead," he said.
+      Volcker said U.S. exports were now growing substantially
+  while import growth should slow.
+      Volcker said that to improve the trade deficit with a
+  minimum of inflationary pressure, the United States would have
+  to slow its spending growth.
+      It would also have to achieve a better balance between
+  investment and domestic savings if it wants to be able to
+  dispense with foreign capital.
+      "The constructive way to work in the needed direction would
+  be to reduce our budget deficit, year by year, paving the way
+  for improvements in our trade accounts," he said.
+      Relying on depreciation of the dollar alone would risk
+  renewed inflation, he said.
+  
+
diff --git a/reuters/training/13904 b/reuters/training/13904
new file mode 100644
index 0000000000000000000000000000000000000000..9cdb3fe8b2d645ddf7a418e31ef86a2620895d10
--- /dev/null
+++ b/reuters/training/13904
@@ -0,0 +1,33 @@
+WALL STREET STOCKS/MARION LABS <MKC>
+  Marion Laboratories Inc's stock rose
+  sharply today after the company presented a bullish earnings
+  scenario at a meeting for pharmaceutical analysts Monday,
+  traders and analysts said.
+      The company said it expects earnings for fiscal 1987,
+  ending June 30, to rise more than 75 pct over a year ago.
+      That pronouncement encouraged analyst David Crossen of
+  Sanford C. Bernstein and Co to raise his earnings estimates for
+  the company to 1.28 dlrs a share in 1987, compared to his
+  previous estimate of 1.20 dlrs a share. Last year the company
+  earned 70 cts a share.
+      Marion's stock gained 3-1/4 to 75-1/2.
+      At the meeting of pharmaceutical analysts, Marion's
+  president Fred Lyons Jr. said Wall Street eanrings estimates of
+  1.10-1.15 dlrs a share for fiscal 1987 "are expected to cause
+  even the aggressive side of this range to be 10 to 15 cts low."
+      Lyons said the strong performance in the second half of
+  this year will result from the fourth quarter introduction of
+  90 mg and 120 mg Cardizem tablets. Analyst Crossen said that
+  Cardizem, which treats angina, is also expected to be approved
+  for the treatment of hypertension by the end of the year.
+      Crossen said "because Marion is still just a small company,
+  the growth of Cardizem is having a big impact on the bottom
+  line." He raised fiscal 1988 earnings estimates to 2.15 dlrs a
+  share from his previous estimate of 2.05 dlrs a share.
+      "The company has a broad new product pipeline in the
+  industry and as far as I am concerned, it is the most
+  innovative company in the business," he said.
+      For the five years through 1991, Crossen expects Marion to
+  have a growth rate of 55 pct.
+  
+
diff --git a/reuters/training/13908 b/reuters/training/13908
new file mode 100644
index 0000000000000000000000000000000000000000..34ba3f8a449c13dc84025b75fb2b4823ea0e7be7
--- /dev/null
+++ b/reuters/training/13908
@@ -0,0 +1,41 @@
+U.S. CALLS FOR GREATER GATT CHECKS ON TRADE
+  The United States has appealed for
+  stronger powers for the General Agreement on Tariffs and Trade
+  (GATT) to enforce world trade rules.
+      The call by U.S. Deputy Trade Representative Michael Smith
+  at a special committee meeting into the future of GATT follows
+  a series of bilateral trade rows which have clouded efforts by
+  the 93-nation body to promote fair trade.
+      Today's meeting was part of the Uruguay trade round
+  launched by ministers last September. The round, which covers
+  13 areas of trade in agriculture, manufactured goods and
+  services will take four years to negotiate.
+      Smith called for boosting GATT's links with financial
+  institutions such as the International Monetary Fund and World
+  Bank. He also urged greater involvement of trade ministers to
+  ensure the success of the Uruguay Round.
+      "The GATT as an institution needs to be strengthened to
+  assure that the GATT plays its proper role in management of the
+  world trading system and the global economy," Smith said.
+      "Rules can and will be ignored if the institution is weak,
+  or perceived as unable to adapt to the changing world economy."
+      He also also urged that member states be accountable to
+  each other for their trade policies.
+      Smith, who flies to Brussels today for talks with European
+  Community (EC) officials, told Reuters the committee wanted to
+  stress GATT's importance and did not discuss specifics.
+      "We are interested in more periodic ministerial
+  involvement...Whether in formal or informal meetings," he said.
+      GATT's ruling council is due to hear a complaint from the
+  12-nation EC on April 15 about the U.S.-Japanese accord on
+  semiconductors. The EC charges the accord breached GATT trade
+  rules by allowing Tokyo to set minimum prices for Japanese
+  chips sold in third countries and is requesting a GATT dispute
+  panel be set up to review the agreement.
+      President Reagan, who strongly supported the Uruguay trade
+  round to promote freer trade, has said Washington will impose
+  tariffs against Japanese electronic goods.
+      He said Tokyo had not shown willingness to open its markets
+  to U.S. Exports.
+  
+
diff --git a/reuters/training/1391 b/reuters/training/1391
new file mode 100644
index 0000000000000000000000000000000000000000..80344c66890bebb5f3106377c85925a6e4a08651
--- /dev/null
+++ b/reuters/training/1391
@@ -0,0 +1,17 @@
+ZENITH LABS <ZEN> WILL REPORT 4TH QTR LOSS
+  Zenith Laboratories Inc said the
+  company will report a fourth quarter loss, and the amount will
+  be determined on completion of its year end audit. The company
+  did not elaborate further.
+      For the third quarter ended Sept 30, 1986, Zenith reported
+  a loss of 3,451,000 dlrs or 16 cts per share, adjusted for a
+  May 1986 2-for-1 stock split.
+      The company also said it received Food and Drug
+  Administration approval to market Cefadroxil, a generic version
+  of an antibiotic with domestic sales exceeding 50 mln dlrs in
+  1986.
+      Zenith said it will not market the drug until "questions
+  relating to the applicability of certain patents have been
+  resolved."
+  
+
diff --git a/reuters/training/13915 b/reuters/training/13915
new file mode 100644
index 0000000000000000000000000000000000000000..0ec60af94a39266f0349871a3a6d649edf2d667a
--- /dev/null
+++ b/reuters/training/13915
@@ -0,0 +1,14 @@
+CHINA SOYBEAN OUTPUT DOWN SLIGHTLY - USDA REPORT
+  China's soybean crop this year is
+  forecast at 11.5 mln tonnes, down slightly from 11.55 mln
+  estiamted for last year, the U.S. Agriculture Department's
+  officer in Peking said in a field report.
+      The report, dated April 2, said Chinese imports this year
+  are projected at 300,000 tonnes unchanged from last year's
+  level.
+      Exports are forecast to increase to 1.0 mln tonnes from
+  800,000 tonnes exported last year, the report said.
+      Imports of soybean oil are estimated at 200,000 tonnes,
+  also unchanged from last year.
+  
+
diff --git a/reuters/training/13919 b/reuters/training/13919
new file mode 100644
index 0000000000000000000000000000000000000000..95b3ed2ea4604e4d5ab0d7eec6cf0f512021fa34
--- /dev/null
+++ b/reuters/training/13919
@@ -0,0 +1,8 @@
+TURKISH CENTRAL BANK SETS LIRA/DOLLAR, DM RATES
+  The Turkish Central Bank set a
+  Lira/Dollar rate for April 8 of 784.50/788.42 to the Dollar,
+  down from the previous 784.35/788.27.
+      The Bank also set a Lira/Mark rate of 430.60/432.75 to the
+  Mark, down from the previous 429.35/431.50.
+  
+
diff --git a/reuters/training/1393 b/reuters/training/1393
new file mode 100644
index 0000000000000000000000000000000000000000..0bd350d7edfd29401b792fc149907a346e313973
--- /dev/null
+++ b/reuters/training/1393
@@ -0,0 +1,12 @@
+MANDATORY PRODUCTION CONTROLS DEBATED AT APC
+  Delegates to the American Pork Congress
+  will decide whether or not they want mandatory production
+  controls when they vote on the official pork producer policy
+  wednesday, the National Pork Producers Council said.
+      The American Pork Congress, APC, delegates, listened to
+  both sides of the question when former Iowa Congressman Berkley
+  Bedell and Bill Lesher, USDA Assistant Secretary for Economics
+  for the years 1981 to 1985 debated at the convention in
+  Indianapolis.
+  
+
diff --git a/reuters/training/1394 b/reuters/training/1394
new file mode 100644
index 0000000000000000000000000000000000000000..b9cd1fd10c4641f324a303a3ac9775d55a349c25
--- /dev/null
+++ b/reuters/training/1394
@@ -0,0 +1,6 @@
+TAIWAN BUYS 25,000 TONNES U.S. SOYBEANS
+  Taiwan bought 25,000 tonnes U.S.
+  soybeans today at 203.40 dlrs a tonne, C and F, Gulf, for May
+  15-30 shipment, private export sources said.
+  
+
diff --git a/reuters/training/13946 b/reuters/training/13946
new file mode 100644
index 0000000000000000000000000000000000000000..c76ab38b24d69ec33eceecc92b0c48b9ee3d1c33
--- /dev/null
+++ b/reuters/training/13946
@@ -0,0 +1,31 @@
+VOLCKER URGES QUICK AID TO DEBTOR NATIONS
+  Federal Reserve Board Chairman Paul
+  Volcker said that debtor nations have made much progress in
+  laying the groundwork for economic growth, but a solution to
+  world debt difficulties was endangered by inaction on new
+  financing.
+      "There is clearly a danger that adequate financing
+  arrangements are not being negotiated and put in place in a
+  timely way," Volcker told the Senate Banking Committee.
+      The borrowing countries need to be able to proceed with
+  confidence that the necessary funds will be available to them,
+  he said.
+      Brazil has the potential for becoming a leading world
+  economic power, but it is in a difficult position today,
+  Volcker said.
+      He said it will take a concerted effort to regularize
+  Brazil's external payments.
+      "The key prerequisite is clearly in the hands of Brazilian
+  authorities," he said.
+      Both Brazil and its creditors have a strong incentive to
+  work together, Volcker said.
+      Regarding trade imbalances, Volcker said that it was
+  critically important that markets be kept open by the
+  industrial nations.
+      In addition, the United States must reduce its budget
+  deficit and foreign nations need to provide stimulus to their
+  domestic economies, Volcker said.
+      "We need time for those actions and the earlier
+  depreciation to work their effects," he said.
+  
+
diff --git a/reuters/training/13949 b/reuters/training/13949
new file mode 100644
index 0000000000000000000000000000000000000000..b1e774b5ea45df974aef554ecf4af3dd9e72b2e2
--- /dev/null
+++ b/reuters/training/13949
@@ -0,0 +1,78 @@
+BUNDESBANK RETAINS MONEY SUPPLY POLICY
+  Bundesbank council member Lothar
+  Mueller said the bank has not given up its money supply policy
+  and that restraining money supply growth does not always mean
+  pushing up interest rates.
+      Mueller said in an article for the Boersen Zeitung
+  financial daily that a monetary policy which took into account
+  exchange rate expectations and capital flows could not be
+  confused with an exchange rate oriented policy.
+      The article followed international press speculation that
+  the Bundesbank had abandoned money supply targetting in favour
+  of an exchange rate policy.
+      Mueller, a member of the Bundesbank council in his position
+  as president of the regional state central bank in Bavaria,
+  noted that the Bundesbank's decision in January to cut leading
+  interest rates amid continuing strong monetary growth had led
+  some people to think it was dropping monetary targetting.
+      "Simply to ignore the external economic context would be
+  risky and dangerous for monetary policy," he explained.
+      Mueller said the cuts in official interest rates had put an
+  end to interest rate speculation. The Bundesbank could now
+  assume that upward pressure on the mark would ease and currency
+  inflows slow down.
+      Lower money market rates, achieved by widening short and
+  long term interest rate differentials, also encouraged
+  investors to re-invest funds parked in liquid accounts, Mueller
+  said.
+      The measures therefore aimed clearly at bringing monetary
+  growth back onto the desired path, he said.
+      "Finally, of course, and there is no need to keep this
+  quiet, the cut in interest rates was also in line with the
+  changed economic situation of the last few months," he added.
+      "All in all, the Bundesbank in no way abandoned its money
+  supply policy with the January discount rate cut, despite
+  suppositions to the contrary," Mueller said.
+      "Keeping money supply developments in check is not always
+  synonymous with raising interest rates, especially when
+  excessive liquidity due to inflows from abroad, rather than
+  growth in bank credits, is the cause of rising monetary
+  holdings of non-banks," Mueller said.
+      Now that West Germany no longer ran large external deficits
+  other concepts were needed for monetary policy.
+      Mueller said it would be both difficult and dangerous for
+  monetary policy to pursue a specific mark/dollar exchange rate.
+      In any case, the exchange rate partly depends on U.S.
+  Currency and budgetary policy and the U.S. Economy, he said.
+      But an exchange rate orientation would also mean the end of
+  a strict stability policy because both interest rates and
+  liquidity would be affected by required currency intervention
+  and could no longer be steered autonomously by the Bundesbank.
+      Even interest rates are not in the centre of the
+  Bundesbank's considerations, but reflect competition and other
+  market conditions, Mueller said.
+      A cut in bank liquidity will not directly influence central
+  bank money stock, the Bundesbank's main money supply indicator.
+      This does not reflect banking liquidity, but the liquidity
+  of industry and households which cannot be directly reached
+  with the Bundesbank's instruments, Mueller said.
+      The less dependent non-banks are on bank credits, the
+  harder it is to steer money supply. This has increasingly been
+  the case recently, because non-banks have received considerable
+  sums from current account surpluses and capital imports.
+      "If the Bundesbank had tried to brake the money supply rise
+  with higher interest rates, as would have been appropriate if
+  credit was growing excessively, it would not only have missed
+  its target but probably even set off further inflows," he said.
+      Mueller said growth in money supply was still too high.
+      In the last three months money stock grew at an annual rate
+  of seven pct, down from 10 pct in the previous quarter.
+      The growth curve has therefore come closer to the three to
+  six pct 1987 target corridor for central bank money stock
+  growth, pointing to the success of the current policy, he said.
+      But high monetary stocks can be a warning sign and there
+  should be no change in priorities. "Monetary policy must be
+  first and foremost stability policy and successful stability
+  policy is money supply policy -- nothing else," he said.
+  
+
diff --git a/reuters/training/1395 b/reuters/training/1395
new file mode 100644
index 0000000000000000000000000000000000000000..cfc80aa717800d5ac2c1b90d9d7af78b074fd70d
--- /dev/null
+++ b/reuters/training/1395
@@ -0,0 +1,9 @@
+TAIWAN PASSES ON U.S. CORN, WILL RETENDER
+  Taiwan passed on its tender overnight
+  for 25,000 tonnes of U.S. corn and 49,000 tonnes U.S. sorghum,
+  private export sources said.
+      Taiwan will retender for the corn, for May 15-30 shipment
+  if via the Gulf, or June 1-15 via Pacific northwest, on March
+  6, but has not rescheduled a tender for sorghum, they said.
+  
+
diff --git a/reuters/training/13950 b/reuters/training/13950
new file mode 100644
index 0000000000000000000000000000000000000000..91697e7f329b5210601a98082941ec4d814156e8
--- /dev/null
+++ b/reuters/training/13950
@@ -0,0 +1,13 @@
+VOLCKER URGES GREATER EXCHANGE RATE STABILITY
+  Federal Reserve Board Chairman Paul
+  Volcker said international policymakers should make improving
+  the stability of exchange rates a major priority.
+      In testimony before a Senate Banking subcommittee, Volcker
+  said he does not have any specific proposals for improving
+  exchange rate stability, but thought it was worthy goal.
+      "I do think we ought to be thinking about and working toward
+  greater exchange rate stability," Volcker said. "I think that the
+  objective of greater exchange rate stability ought to loom
+  larger among our various policy priorities."
+  
+
diff --git a/reuters/training/13958 b/reuters/training/13958
new file mode 100644
index 0000000000000000000000000000000000000000..510c55fdfb7fd3a0752ebd7af7f427c051af0421
--- /dev/null
+++ b/reuters/training/13958
@@ -0,0 +1,29 @@
+ITALY SAYS G-7 GIVES CHANCE TO VERIFY TOKYO ACCORD
+  This week's Group of Seven (G-7) meeting in
+  Washington provides an opportunity to verify an accord reached
+  at the Tokyo summit last May to include Italy and Canada in
+  Group of Five (G-5) talks on management of the international
+  monetary system and related issues, the Italian Treasury said.
+      It said in a statement the G-7 meeting, which Italy plans
+  to attend, will provide a forum for considering the Tokyo
+  accord in the light of events in Paris in February this year.
+      On February 22, Italy boycotted a meeting in Paris of its
+  G-7 partners - the United States, Japan, West Germany, France,
+  Britain and Canada - after being excluded from an earlier
+  session of talks involving G-5 members.
+      Today's statement from the Italian Treasury said-
+      "Nobody denies the existence of G-5 but we should like it to
+  be remembered that the Tokyo accords provided for the
+  enlargement of the group to Italy and Canada whenever "the
+  management or the improvement of the international monetary
+  economic policy measures are to be discussed or dealt with.'"
+      Italy refused to attend the Paris G-7 meeting on the
+  grounds that G-5, grouping the United States, Japan, West
+  Germany, France and Britain, had reduced Italy's role to rubber
+  stamping agreements already taken.
+      The Italian Treasury said today that Italy was "certain that
+  this time incidents would not occur."
+      But it said it would be opportune to look in depth at the
+  role and the procedures of G-7 in relation to those of G-5.
+  
+
diff --git a/reuters/training/1396 b/reuters/training/1396
new file mode 100644
index 0000000000000000000000000000000000000000..1739fb17882b2cfe4cc64ab5a8a00b2c635d4371
--- /dev/null
+++ b/reuters/training/1396
@@ -0,0 +1,6 @@
+BANGLADESH PASSES ON TENDER FOR SOFT WHEAT
+  Bangladesh passed on its weekend tender
+  for 100,000 tonnes of optional origin soft wheat, private
+  export sources said.
+  
+
diff --git a/reuters/training/13963 b/reuters/training/13963
new file mode 100644
index 0000000000000000000000000000000000000000..d26688af31f799a29384381ac21397f8c735b280
--- /dev/null
+++ b/reuters/training/13963
@@ -0,0 +1,28 @@
+KUWAIT SAID SEEKING FOREIGN PROTECTION FOR OIL
+  Kuwait has asked at least four
+  countries, including the United States, Soviet Union, Britain
+  and China, for temporary use of their flags or tankers to
+  protect Kuwaiti oil shipments in the troubled Persian Gulf,
+  Reagan Administration officials said.
+      The officials confirmed a New York Times report that Kuwait
+  wants to transfer some of its oil tankers to U.S. or Soviet
+  registration in hopes Iran would be reluctant to launch new
+  "Silkworm" missiles at superpower flags.
+      The United States has vowed to keep the gulf open to
+  international oil traffic and has warned Tehran against using
+  the Chinese-made missiles recently installed in Iran near the
+  mouth of the gulf.
+      "They (the Kuwaitis) have also asked Britain, China and
+  possibly some other European countries to lease tankers to
+  carry their oil," one of the administration officials, who asked
+  not to be identified, told Reuters.
+      The United States is considering the request to temporarily
+  transfer Kuwaiti ships to American registration, but such a
+  move could create insurance and other problems, the officials
+  said.
+      U.S. defense officials told Reuters yesterday that Kuwait
+  had decided for at least the time being not to accept a U.S.
+  offer to use American warships to escort its tankers in the
+  gulf, where both Iran and Iraq have been attacking shipping.
+  
+
diff --git a/reuters/training/13966 b/reuters/training/13966
new file mode 100644
index 0000000000000000000000000000000000000000..8c00bcc4cbb1bfc3fa3d560bc5e5e6e21de79747
--- /dev/null
+++ b/reuters/training/13966
@@ -0,0 +1,35 @@
+ROLLS APPROACHES FLOAT WITH PROFITS SET TO RISE
+  State-owned engine maker <Rolls Royce
+  Plc> launches its prospectus for privatisation tomorrow with
+  many analysts forecasting higher profits this year. But it is
+  likely to miss contracts to power the proposed <Airbus
+  Industrie> A340 aircraft.
+      The company's so-called "pathfinder prospectus" gives all the
+  details of its stock market flotation except for the price at
+  which shares will be offered.
+      Last month, the company announced that pretax profits rose
+  in 1986 to 120 mln stg from 81 mln the year before.
+      Brokers Barclays de Zoete Wedd, BZW, sees 155 mln profit
+  for 1987.
+      Analyst Tim Harris of Phillips and Drew said rising profits
+  and a low tax charge would be offset by the fact that Rolls
+  operated in a sector which traditionally attracted low ratings.
+      Assuming the company was valued at around eight times
+  earnings, this would give a selling price valuing it at about
+  1.2 billion, though he said the recent good performance of the
+  aerospace sector could nudge this figure upwards.
+      BZW is currently forecasting a higher sale price at between
+  1.5 billion and 1.7 billion.
+      The price will be increased by it being likely to have much
+  of its debt wiped off by a government anxious to assure the
+  company's health when it has to fend for itself. Rolls was
+  rescued from bankruptcy and taken into state ownership in 1971.
+      When the government announced the sale, it said it would
+  inject permanent capital equivalent to net debt -- around 250
+  mln stg at end-1986 -- into the company.
+      Analysts noted this was necessary to ensure Rolls a credit
+  rating to match those of its main competitors such as General
+  Electric Co <GE.N> and United Technologies Corp's <UTX.N> Pratt
+  and Whitney unit.
+  
+
diff --git a/reuters/training/1398 b/reuters/training/1398
new file mode 100644
index 0000000000000000000000000000000000000000..fa2558e095950d859f724a27baa61a22ff886db2
--- /dev/null
+++ b/reuters/training/1398
@@ -0,0 +1,16 @@
+PORK CHECKOFF REFUNDS LESS THAN EXPECTED
+  The National Pork Board announced at the
+  American Pork Congress convention in Indianapolis that refunds
+  under the legislative checkoff program are running less than
+  expected.
+      The Board oversees collection and distribution of funds
+  from the checkoff program that was mandated by the 1985 farm
+  bill. Virgil Rosendale, a pork producer from Illinois and
+  chairman of the National Pork Board, said over 2.2 mln dlrs was
+  collected in January and refunds are running almost nine pct,
+  considerably less than expected.
+      "We believe that this indicates good producer support for
+  the new checkoff. We're getting good compliance from markets,
+  from packers and from dealers," Rosendale said.
+  
+
diff --git a/reuters/training/13988 b/reuters/training/13988
new file mode 100644
index 0000000000000000000000000000000000000000..26e0088f115173ab398abc0f6b360d5f9516b864
--- /dev/null
+++ b/reuters/training/13988
@@ -0,0 +1,13 @@
+VOLCKER SEES DOLLAR AS FACTOR IN MONETARY POLICY
+  Federal Reserve Board Chairman Paul
+  Volcker said the performance of the dollar in exchange markets
+  could be a factor in the U.S. central bank's decisions on
+  monetary policy.
+      "The performance of the dollar in the exchange market might
+  become a factor bearing on our provision of reserves," Volcker
+  said in testimony to the Senate Banking Committee.
+      He said that fiscal policy changes in the United States,
+  Germany and Japan would be more important that intervention to
+  instill confidence in current exchange rate levels.
+  
+
diff --git a/reuters/training/1399 b/reuters/training/1399
new file mode 100644
index 0000000000000000000000000000000000000000..5acc8dc19d491cb064367370396646f1d379a918
--- /dev/null
+++ b/reuters/training/1399
@@ -0,0 +1,21 @@
+SOUTH AFRICA CORN EXPORTS COULD BE REDUCED-USDA
+  Despite earlier optimistic
+  indications, the South African corn crop is at a critical stage
+  in its development and recent reports of heat stress could
+  reduce production and therefore exportable supplies, the U.S.
+  Agriculture Department said.
+      In its report on Export Markets for U.S. Grains, the
+  department said South Africa's corn exports in the 1986/87
+  (Oct-Sept) season are estimated at 2.5 mln tonnes, up 40 pct
+  from the previous year.
+      The re-emergence of South Africa as a competitor follows a
+  period of severe droughts, which at one point required South
+  Africa to import 2.7 mln tones of U.S. corn in 1983/84, it
+  said.
+      Since those imports in 1983/84, the U.S. has been facing
+  increased competition from South Africa in Taiwan and Japan.
+      But if South Africa is perceived as lacking available
+  supplies, purchases of U.S. corn may be further stimulated, the
+  department said.
+  
+
diff --git a/reuters/training/13994 b/reuters/training/13994
new file mode 100644
index 0000000000000000000000000000000000000000..5db7af5d141b05bca44dac58efc973200cecc4e8
--- /dev/null
+++ b/reuters/training/13994
@@ -0,0 +1,12 @@
+FED EXPECTED TO SET CUSTOMER REPURCHASES
+  The Federal Reserve is expected to
+  intervene in the government securities market to supply
+  temporary reserves indirectly via customer repurchase
+  agreements, economists said.
+      They said the Fed is expected to execute anywhere from
+  1.5-2.0 billion dlrs of customer repos to offset seasonal
+  pressures on bank reserves.
+      Federal funds, which averaged 6.20 pct yesterday, opened at
+  6-1/8 pct and remained there in early trading.
+  
+
diff --git a/reuters/training/14 b/reuters/training/14
new file mode 100644
index 0000000000000000000000000000000000000000..02933374f7c633cc4c47a8390e743518c41da3be
--- /dev/null
+++ b/reuters/training/14
@@ -0,0 +1,10 @@
+BROWN-FORMAN INC <BFD> 4TH QTR NET
+  Shr one dlr vs 73 cts
+      Net 12.6 mln vs 15.8 mln
+      Revs 337.3 mln vs 315.2 mln
+      Nine mths
+      Shr 3.07 dlrs vs 3.08 dlrs
+      Net 66 mln vs 66.2 mln
+      Revs 1.59 billion vs 997.1 mln
+  
+
diff --git a/reuters/training/140 b/reuters/training/140
new file mode 100644
index 0000000000000000000000000000000000000000..c298bb6d90a82b90caa9df57478d11c590d915d9
--- /dev/null
+++ b/reuters/training/140
@@ -0,0 +1,9 @@
+<PAGE PETROLEUM LTD> YEAR LOSS
+  Shr loss 1.98 dlrs vs loss 5.24 dlrs
+      Net loss 23.3 mln vs loss 44.8 mln
+      Revs 13.6 mln vs 29.6 mln
+      Note: 1986 net includes nine mln dlr extraordinary loss for
+  oil and gas writedowns and unrealized foreign exchange losses
+  vs yr-ago loss of 32.5 mln dlrs.
+  
+
diff --git a/reuters/training/14012 b/reuters/training/14012
new file mode 100644
index 0000000000000000000000000000000000000000..0c7fd658f630bdf637a4035853881f8060fb61de
--- /dev/null
+++ b/reuters/training/14012
@@ -0,0 +1,11 @@
+VOLCKER PUSHES SPENDING CUTS OVER TRADE BILL
+  Federal Reserve Board Chairman Paul
+  Volcker said reducing the federal budget deficit was a more
+  important goal for Congress than drafting trade legislation.
+      "Reduce the budget deficit," Volcker responded when asked by
+  a member of the Senate Banking Committee about trade
+  legislation priorities.
+      "If you don't deal with the budget deficit, everything else
+  you do is going to be counterproductive," he said.
+  
+
diff --git a/reuters/training/14028 b/reuters/training/14028
new file mode 100644
index 0000000000000000000000000000000000000000..c38afaa7d992f7e2d86f7c9a5cc59199dad1f1c5
--- /dev/null
+++ b/reuters/training/14028
@@ -0,0 +1,10 @@
+AMERICAN SPORTS ADVISORS <PIKS> TO LIQUIDATE
+  American sports Advisors Inc
+  said it has agreed to sell its sports handicapping and
+  publication business to Professor Enterprises for about
+  1,650,000 dlrs and intends to liquidate after closing.
+      The transaction is subject to shareholder approval.
+      Professor is owned by American Sports president Edward C.
+  Horowitz and Mike Warren, it said.
+  
+
diff --git a/reuters/training/14034 b/reuters/training/14034
new file mode 100644
index 0000000000000000000000000000000000000000..58dea612ced1ada62c5ad7f09ecdbb021b300689
--- /dev/null
+++ b/reuters/training/14034
@@ -0,0 +1,5 @@
+VOLCKER SAYS RESTRICTIVE MONETARY POLICY WOULD HURT INVESTMENT
+
+  VOLCKER SAYS RESTRICTIVE MONETARY POLICY WOULD HURT INVESTMENT
+  
+
diff --git a/reuters/training/1404 b/reuters/training/1404
new file mode 100644
index 0000000000000000000000000000000000000000..ede6f34ddb5230ac8017118b19b597eddf9cb492
--- /dev/null
+++ b/reuters/training/1404
@@ -0,0 +1,6 @@
+<DEXLEIGH CORP> SIX MTHS DEC 31 NET
+  Shr four cts vs three cts
+      Net 4,505,000 vs 4,493,000
+      Revs 23.3 mln vs 21.4 mln
+  
+
diff --git a/reuters/training/1405 b/reuters/training/1405
new file mode 100644
index 0000000000000000000000000000000000000000..0552652aa43903afc0bfe8aa5b7a8827f0e9a117
--- /dev/null
+++ b/reuters/training/1405
@@ -0,0 +1,34 @@
+CBT TRADERS LOOK AHEAD TO SPRING PLANTINGS
+  Chicago Board of trade grain traders and
+  analysts voiced a lot of interest in how farmers planned to
+  handle their upcoming spring plantings, prompting sales of new
+  crop months of corn and oats and purchases in new crop soybeans
+  in the futures markets.
+      Professionals in the grains trade think that farmers will
+  be more willing to stick with corn acres than soybeans because
+  corn is protected by the acreage reduction program. That gives
+  deficiency payments to farmers if corn prices stay low.
+      Farmers can place soybeans under the loan program if they
+  sign-up for reduced acreage, but they have no price guarantees.
+      With the price outlook for both commodities so dismal,
+  traders believe farmers will want to stick with a sure thing
+  rather than gamble on soybeans, even though the new crop
+  soybean/corn ratio of 2.9/1 would make planting soybeans more
+  attractive under normal circumstances.
+      An announcement late Friday that the USDA will lift the
+  limited cross-compliance requirement for the 1987 oats crop,
+  means farmers will be able plant an estimated two to three mln
+  more oat acres this year than last without being penalized,
+  traders said.
+      Here too, acres some farmers may have been thinking of
+  shifting to soybeans will now be planted with oats, due to the
+  more attractive deal from the government, they added.
+      Cotton prices are almost twice what they were just six
+  months ago, which should prompt many farmers in the South to
+  put soybean land back into cotton.
+      One of the reasons for the steady increase in soybean
+  production in recent years has been a general shift of acres in
+  traditional cotton producing regions of the South to soybeans,
+  which are easier to grow, one commercial trader said.
+  
+
diff --git a/reuters/training/14055 b/reuters/training/14055
new file mode 100644
index 0000000000000000000000000000000000000000..61e67bcf9c5f16b64b9f53fe48ad4e841fbc4ce4
--- /dev/null
+++ b/reuters/training/14055
@@ -0,0 +1,21 @@
+VOLCKER SEES TIGHT POLICY HURTING INVESTMENT
+  Federal Reserve Board Chairman Paul
+  Volcker said a restrictive monetary policy would be damaging to
+  investment and that a better course would be to restrain
+  spending.
+      "A restrictive monetary policy would hit investment. You
+  don't want to put interest rates up unless you have to," Volcker
+  told the Senate Banking Committee.
+      "That is not a constructive way to proceed," he said.
+      Volcker said that given a choice between squeezing the
+  budget deficit or squeezing investment, he would favor
+  squeezing the budget deficit.
+      In response to a question about banks, Volcker said he
+  would be pleased if Congress decided to give banks a tax
+  writeoff as an incentive for them to take greater reserves
+  against loans to debtor countries.
+      "If you give a tax writeoff for reserving against loans,
+  then we will see more reserving and that would make me happy,"
+  Volcker told Committee Chairman Sen William Proxmire (D-Wisc).
+  
+
diff --git a/reuters/training/1406 b/reuters/training/1406
new file mode 100644
index 0000000000000000000000000000000000000000..41d2a6148d181077072d412d4203d92704af82be
--- /dev/null
+++ b/reuters/training/1406
@@ -0,0 +1,17 @@
+U.S. CONGRESS TO LOOK AT SOIL PROGRAM EXEMPTIONS
+  The Senate Agriculture Committee is
+  expected to take up a bill tomorrow that would exempt from
+  government conservation regulations those farmers who have
+  rotated alfalfa and other multiyear grasses and legumes with
+  row crops, committee staff said.
+      Under current so-called "sodbuster" law, farmers who planted
+  alfalfa and other multiyear grasses and legumes on highly
+  erodible land in the years 1981 through 1985 lose federal farm
+  program benefits if they produce a row crop on that land in
+  later years.
+      Sen. Edward Zorinsky (D-Neb.), sponsor of the measure, said
+  recently that those crop rotating practices resulted in less
+  erosion than the practices of many farmers who produced
+  strictly row crops.
+  
+
diff --git a/reuters/training/14069 b/reuters/training/14069
new file mode 100644
index 0000000000000000000000000000000000000000..a0e51c4cd6ba8db68ff9d1cc9b8c16694a7c3c9f
--- /dev/null
+++ b/reuters/training/14069
@@ -0,0 +1,5 @@
+NEW BEDFORD INSTITUTION FOR SAVINGS <NBBS> YEAR
+  Net 12.3 mln vs 6,438,000
+      NOTE: Company went public in March.
+  
+
diff --git a/reuters/training/1407 b/reuters/training/1407
new file mode 100644
index 0000000000000000000000000000000000000000..1383a1d393418698055cb548d6da0f369635eee6
--- /dev/null
+++ b/reuters/training/1407
@@ -0,0 +1,24 @@
+NATIONAL PORK BOARD ALLOCATES 2.4 MLN DLRS
+  The National Pork Board on Monday
+  allocated 2.4 mln dlrs in discretionary funds, collected from
+  the 100 pct national checkoff program, to three industry
+  organizations.
+      The National Pork Producers Council, NPPC, will receive
+  almost 1.8 mln dlrs for use in the areas of food service,
+  consumer education and marketing. In addition the board
+  allocated 375,000 dlrs in use in "Pork - The Other White Meat"
+  campaign, according to a Pork Board spokesperson.
+      The National Livestock and Meat Board will receive 644,000
+  dlrs to continue work in educating health care officials.
+  120,000 dlrs in matching funds will be provided to the meat
+  board for use in the development of a better market for
+  processed meats.
+      The Meat Export Federation was awarded 50,000 dlrs to
+  increase the market for chilled and processed U.S. pork in
+  Japan and Singapore. Retail stores in these two countries will
+  be providing additional funding for the program.
+      A total of 5,000 dlrs for work in encouraging McDonalds to
+  expand its McRib sandwich to Japan and Singapore was also
+  awarded to the Meat export Federation.
+  
+
diff --git a/reuters/training/1409 b/reuters/training/1409
new file mode 100644
index 0000000000000000000000000000000000000000..f6bd5d7ba94639aadb597695ae07a17813c79873
--- /dev/null
+++ b/reuters/training/1409
@@ -0,0 +1,14 @@
+NIPPON STEEL INVESTS 8 MLN DLRS IN GTX CORP
+  GTX Corp said Nippon Steel Co of Japan,
+  in a move to diversify into high technology, invested eight mln
+  dlrs in GTX.
+      Nippon's move was the result of current exchange rates and
+  the revaluation of the yen, which "have made the U.S.
+  electronics industry an attractive investment opportunity for
+  Japanese corporations," according to a GTX statement.
+      GTX noted that Nippon is expecting sales of 27 billion dlrs
+  by 1995. Of that amount, six billion dlrs is targeted for
+  electronics. GTX, located in Phoenix, makes computerized
+  systems that read drawings and transfer them into data bases.
+  
+
diff --git a/reuters/training/14091 b/reuters/training/14091
new file mode 100644
index 0000000000000000000000000000000000000000..447e0d02faf4402a0cc1aff20e2bd2d1fb0753fc
--- /dev/null
+++ b/reuters/training/14091
@@ -0,0 +1,6 @@
+PHOTRONICS CORP <PHOT> YEAR FEB 28 NET
+  Shr 64 cts vs 38 cts
+      Net 1,062,000 vs 585,000
+      Sales 13.6 mln vs 9,262,000
+  
+
diff --git a/reuters/training/14093 b/reuters/training/14093
new file mode 100644
index 0000000000000000000000000000000000000000..3b7cd2536cf7798a2dda0de0d9c86a8ea75041a6
--- /dev/null
+++ b/reuters/training/14093
@@ -0,0 +1,6 @@
+OCEAN BIO-CHEM INC <OBCI> YEAR NET
+  Shr eight cts vs seven cts
+      Net 215,821 vs 196,873
+      Sales 3,112,571 vs 2,649,003
+  
+
diff --git a/reuters/training/14099 b/reuters/training/14099
new file mode 100644
index 0000000000000000000000000000000000000000..e9c6ad3095326383df02b74b2ec1c9b7dbf57122
--- /dev/null
+++ b/reuters/training/14099
@@ -0,0 +1,8 @@
+TELE-COMMUNICATIONS <TCOMA> SELLS CABLE SYSTEMS
+  Knight-Ridder Inc <KRI> said its TKR Cable
+  Co joint venture with Tele-communications Inc has signed a
+  letter of intent to acquire cable television systems with
+  55,000 basic subscribers in Wildwood, N.J., and Ramapo and
+  Warwick, N.Y., from Tele-Communications for undisclosed terms.
+  
+
diff --git a/reuters/training/14103 b/reuters/training/14103
new file mode 100644
index 0000000000000000000000000000000000000000..023752772fd148408bc1468ad0c7366630d44d88
--- /dev/null
+++ b/reuters/training/14103
@@ -0,0 +1,6 @@
+ENVIRONMENTAL POWER CORP <POWR> YEAR NET
+  Shr profit 25 cts vs loss 15 cts
+      Net profit 998,000 vs loss 612,000
+      Revs 8,086,000 vs 365,000
+  
+
diff --git a/reuters/training/14109 b/reuters/training/14109
new file mode 100644
index 0000000000000000000000000000000000000000..fcc907fad8171fdf3a6b99dac68817811d6a5fc8
--- /dev/null
+++ b/reuters/training/14109
@@ -0,0 +1,46 @@
+GERMAN LONG-TERM CAPITAL INFLOW SLUMPS IN FEBRUARY
+  The inflow of long-term capital into
+  West Germany slumped to 606 mln marks in February from
+  January's record 11.91 billion, with foreign purchases of
+  German bonds and shares declining sharply, the Bundesbank said.
+      While foreigners bought only four billion marks worth of
+  German bonds in February after 13 billion in January, they sold
+  a net 500 mln marks in shares and promissory notes of public
+  authorities after sales worth 300 mln in January.
+      With German investors' purchases of foreign securities
+  steady around 1.3 billion marks, only 2.2 billion marks were
+  imported through securities transactions, after 11.2 billion.
+      Direct investment abroad led to a capital outflow of 1.60
+  billion marks in February after 2.83 billion in January.
+      There was a deficit of 8.14 billion marks in the short-term
+  capital account after a surplus of 194 mln in January.
+      Banks alone exported some 8.6 billion marks in funds while
+  domestic companies increased their short-term financial assets
+  abroad by 700 mln. But public authorities received some one
+  billion marks from abroad, the Bundesbank said in a statement.
+      Combining long and short term capital outflows, West
+  Germany recorded a net outflow of 7.53 billion marks in
+  February against a net inflow of 11.91 billion in January.
+      The Bundesbank confirmed the German trade surplus widened
+  to 10.45 billion marks in February from January's 7.20 billion.
+      Taking the two months together the seasonally adjusted
+  surplus was slightly below the figure for the previous two. In
+  terms of current as well as constant prices, the narrowing of
+  the surplus was progressing, the bank said.
+      Germany's current account surplus widened to 6.63 billion
+  marks in February from 4.79 billion in January, but was down on
+  the 7.26 billion figure for February 1986. Seasonally adjusted,
+  the February current account surplus narrowed against January.
+      While exports in February fell a half pct against the same
+  month last year, imports fell 10-1/2 pct largely due to the
+  drop in prices. Exports grew three pct in volume and imports
+  two pct.
+      In the balance of services, a fall in net investment income
+  led to a 300 mln mark deficit in February after a 300 mln mark
+  surplus in January.
+      The deficit in transfer payments widened to 3.70 billion
+  marks from 2.69 billion, largely due to a sharp jump to 2.3
+  billion marks from 200 mln in payments to the European
+  Community budget.
+  
+
diff --git a/reuters/training/1412 b/reuters/training/1412
new file mode 100644
index 0000000000000000000000000000000000000000..4f2213d10297887b33d3687a93a90819f4d5536f
--- /dev/null
+++ b/reuters/training/1412
@@ -0,0 +1,12 @@
+C.T.C. DEALER EXTENDS BID FOR CANADIAN TIRE
+  C.T.C. Dealer Holdings Ltd said it
+  extended its previously announced offer for 49 pct of <Canadian
+  Tire Corp Ltd> to midnight on March 26.
+      CTC, a group of Canadian Tire dealers, which already owns
+  17 pct of Canadian Tire, is currently appealing in an Ontario
+  court against a previously announced Ontario Securities
+  Commission ruling blocking CTC's 272 mln dlr bid.
+      The blocked bid did not include non-voting shareholders,
+  who hold 96 pct of Canadian Tire equity.
+  
+
diff --git a/reuters/training/14126 b/reuters/training/14126
new file mode 100644
index 0000000000000000000000000000000000000000..f0a9979a551d58828d1ecdfa413c494bd86937e7
--- /dev/null
+++ b/reuters/training/14126
@@ -0,0 +1,31 @@
+EC SOURCES SAY UK WHEAT PLAN YET TO BE APPROVED
+  The European Commission has not taken a
+  decision on applications from the British government for the
+  release of 200,000 tonnes of intervention feed wheat onto the
+  British market in May and June, Commission sources said.
+      They said last week's cereals management committee agreed
+  to release 70,000 tonnes of feed wheat through weekly tenders
+  between April 14 and May 26. It also indicated it planned to
+  allow the release of another 30,000 tonnes from April 23.
+      However, it decided to leave consideration of the release
+  of further wheat until later.
+      The British government had applied for the release of a
+  further 100,000 tonnes in both May and June from British
+  intervention stores to prevent market prices rising.
+      However, the sources said, the Commission wanted to review
+  the market situation nearer the time before giving its
+  approval.
+      The Commission was given new powers last year to control
+  the release of intervention cereals onto the market, the
+  sources noted.
+      Following last week's committee meeting, the U.K. Ministry
+  of Agriculture said the Commission had given an assurance that
+  additional quantities of intervention wheat would be made
+  available in May and June. It also said that it was envisaged
+  that monthly releases would be at least 100,000 tonnes,
+  depending on the state of the market.
+      This lead to the widespread assumption that the Commission
+  had actually approved the release of 300,000 tonnes during the
+  three months of April, May and June at last week's meeting.
+  
+
diff --git a/reuters/training/14131 b/reuters/training/14131
new file mode 100644
index 0000000000000000000000000000000000000000..2e03bcbb6308254aa24d58b32abd2b04f85ba6c7
--- /dev/null
+++ b/reuters/training/14131
@@ -0,0 +1,12 @@
+BROKERAGE FIRM UPS STAKE IN ALLEGHENY <AG>
+  The New York brokerage firm of Spear,
+  Leeds and Kellogg told the Securities and Exchange Commission
+  it had increased its preferred stock in Allegheny International
+  Inc to 8.6 pct, from 7 pct.
+      It said it may buy additional shares, but had not decided
+  whether to offer its shares in response to a tender offer by
+  Sunter Acquisition Corp, a unit of First Boston Inc.
+      The brokerage firm said it bought the Allegheny shares
+  March 30-April 2 for 86.50-87.25 dlrs each.
+  
+
diff --git a/reuters/training/1414 b/reuters/training/1414
new file mode 100644
index 0000000000000000000000000000000000000000..dcc16b35e2b23c6a0551d22b294dab4d7802858e
--- /dev/null
+++ b/reuters/training/1414
@@ -0,0 +1,35 @@
+ROCKWELL <ROK> SEES IMPROVEMENT IN 1987
+  Rockwell International Corp
+  continues to expect significant improvement in 1987 results,
+  despite the somewhate disappointing performance of one of its
+  business segments, President Donald Beall told Reuters.
+      Rockwell reported net earnings in its first quarter ended
+  December 31 of 149.4 mln dlrs, or 1.05 dlrs per share, compared
+  to 125.8 mln dlrs, or 84 cts per share a year ago.
+      Operating earnings, however, were off about four pct, and
+  analysts have attributed the decline to Rockwell's
+  Allen-Bradley unit, which has suffered from weakness in the
+  industrial automation market.
+      "It is in a soft market now, but we are not concerned. It
+  is moving forward with market development and is enhancing
+  market share," Beall said of Allen-Bradley unit.
+      Beall, who was in Los Angeles to address a Technology
+  management conference, said first quarter sales for the
+  Allen-Bradley unit were flat as compared to a year earlier. He
+  said the company does not break out operating earnings by unit
+  on a quarterly basis.
+      Beall said the recent trend toward cost sharing in the
+  research and development phase of government contracts should
+  not have a major impact on Rockwell's near-term performance.
+      He noted, however, the increasing focus on cost sharing
+  could limit technological innovation.
+      "I worry that we are heading into a period of misuse of
+  contracting approaches too early in the development stages of
+  important military contracts," Beall said, adding, "long-term,
+  we have a very serious problem."
+      In addition, Beall told the conference the greatest
+  competitive threat to defense contractors is in defense
+  electronics, due to the government's attempt to take advantage
+  of competitively priced products made outside the U.S.
+  
+
diff --git a/reuters/training/14146 b/reuters/training/14146
new file mode 100644
index 0000000000000000000000000000000000000000..c20579f4b5a503ebb3c89cfaba1dafb9738ceafe
--- /dev/null
+++ b/reuters/training/14146
@@ -0,0 +1,6 @@
+MALTA TENDERS FOR WHITE SUGAR TODAY - TRADE
+  Malta is tendering to buy 3,000 tonnes
+  white sugar today for arrival in two equal parts in May and
+  June, traders said.
+  
+
diff --git a/reuters/training/14150 b/reuters/training/14150
new file mode 100644
index 0000000000000000000000000000000000000000..dffaa473b6c980174b56786bc85abb3ffa5695a1
--- /dev/null
+++ b/reuters/training/14150
@@ -0,0 +1,5 @@
+FED SETS TWO-DAY SYSTEM REPURCHASES, FED SAYS
+
+  FED SETS TWO-DAY SYSTEM REPURCHASES, FED SAYS
+  
+
diff --git a/reuters/training/14154 b/reuters/training/14154
new file mode 100644
index 0000000000000000000000000000000000000000..9099775065883320ff0873536907df65c0535037
--- /dev/null
+++ b/reuters/training/14154
@@ -0,0 +1,8 @@
+CORROON AND BLACK <CBL> COMPLETE ACQUISITION
+  Corroon and Black Corp said it
+  completed the acuqisition of <Contractors Planning Group Inc>
+  in an exchange of shares.
+      Contractors is headquartered in Garden City, N.Y., and has
+  branch offices in Philadelphia, Boston, and Cheshire, Conn.
+  
+
diff --git a/reuters/training/14156 b/reuters/training/14156
new file mode 100644
index 0000000000000000000000000000000000000000..39ba2900603ce8928aa470ab654ad5ecae093fc9
--- /dev/null
+++ b/reuters/training/14156
@@ -0,0 +1,11 @@
+COLONIAL <CLBGA> TO ACQUIRE PENSACOLA BANK
+  Colonial BancGroup said it and
+  The Liberty Bank of Pensacola, Fla., signed a letter of intent
+  for Colonial to acquire Liberty.
+      Terms of the acquisition were not dislcosed.
+      Colonial said the acquisition was its first move toward
+  acquiring and out-of-state bank under Alabama's regional
+  interstate banking law.
+      Liberty has total assets of 35 mln dlrs.
+  
+
diff --git a/reuters/training/14166 b/reuters/training/14166
new file mode 100644
index 0000000000000000000000000000000000000000..97d853ca37f2ccae87022f9152aed432d8492e31
--- /dev/null
+++ b/reuters/training/14166
@@ -0,0 +1,6 @@
+SUPER RITE FOODS INC <SRFI> SETS QTRLY PAYOUT
+  Qtrly div five cts vs five cts prior
+      Pay April 27
+      Record April 20
+  
+
diff --git a/reuters/training/14168 b/reuters/training/14168
new file mode 100644
index 0000000000000000000000000000000000000000..79258471ae0e575f76b459ea8b151b40b216bbaf
--- /dev/null
+++ b/reuters/training/14168
@@ -0,0 +1,6 @@
+MILTON ROY CO <MRC> SETS QUARTERLY
+  Qtly div 11 cts vs 11 cts prior
+      Pay June 15
+      Record May 15
+  
+
diff --git a/reuters/training/14177 b/reuters/training/14177
new file mode 100644
index 0000000000000000000000000000000000000000..7ff437dcee6edf7e4abbc76712108c40dba0afd6
--- /dev/null
+++ b/reuters/training/14177
@@ -0,0 +1,14 @@
+GOLDSIL AND GOLDEN RULE AGREE TO MERGE
+  <Golden Rule Resources Ltd> and
+  Goldsil Resources Ltd said they had agreed to merge.
+      The merged company will issue to each Golden Rule
+  shareholder 1-1/2 shares and one warrant. The warrant will be
+  for a term of two years. Payment of 3.10 dlrs and delivery of
+  two warrants will entitle the shareholder to one additional
+  share of the merged company, the companies said.
+      Each Goldsil shareholder will receive one share and
+  one-half warrant. The warrant will be for a term of two years.
+  Payment of 3.10 dlrs and delivery of two warrants will entitle
+  the shareholder to one additional share of the merged company.
+  
+
diff --git a/reuters/training/14178 b/reuters/training/14178
new file mode 100644
index 0000000000000000000000000000000000000000..90dc29c1d787b4d4970da779656239b5c3a51816
--- /dev/null
+++ b/reuters/training/14178
@@ -0,0 +1,11 @@
+FED SETS TWO-DAY SYSTEM REPURCHASES
+  The Federal Reserve entered the
+  government securities market to arrange two-day repurchase
+  agreements for system account, a spokeswoman for the New York
+  Fed said.
+      Fed funds were trading at 6-1/8 pct at the time of the
+  direct injection of temporary reserves, dealers said.
+      Most economists had expected a less aggressive injection of
+  reserves via customer repurchase agreements.
+  
+
diff --git a/reuters/training/14180 b/reuters/training/14180
new file mode 100644
index 0000000000000000000000000000000000000000..9a1d24025c5a95070791448feaeee927bbb31d37
--- /dev/null
+++ b/reuters/training/14180
@@ -0,0 +1,8 @@
+COLONIAL BANCGROUP INC <CLBGA> 1ST QTR NET
+  Shr 25 cts vs 55 cts
+      Net 1.3 mln vs 2,460,000
+      NOTE: 1987 1st qtr includes loan write-offs at banking
+  subsidiary, The Colonial Bank of Mobile, due to loan losses, of
+  1.3 mln dlrs or 25 cts a share.
+  
+
diff --git a/reuters/training/14182 b/reuters/training/14182
new file mode 100644
index 0000000000000000000000000000000000000000..fb3949f79fee991f231dc1e88e56a1d874acc698
--- /dev/null
+++ b/reuters/training/14182
@@ -0,0 +1,5 @@
+ Dresdner to propose 1986 dividend 10 marks vs same, one-for-18 bonus share issue
+
+   Dresdner to propose 1986 dividend 10 marks vs same, one-for-18 bonus share issue
+  
+
diff --git a/reuters/training/14199 b/reuters/training/14199
new file mode 100644
index 0000000000000000000000000000000000000000..295037d145bda80219fdf6e41e7cdaa2d0f49295
--- /dev/null
+++ b/reuters/training/14199
@@ -0,0 +1,56 @@
+JAPAN CUTS CHIP SUPPLY, MAY PRODUCE SHORTAGE
+  Japan is attempting to cut back
+  semiconductor production to forstall the 300 mln dlrs in U.S.
+  tariffs on Japanese electronic goods set to take effect April
+  17, industry analysts said.
+      The move is likely to create a sharp price rise and a
+  possible shortage of the key computer components in the next
+  few weeks, the analysts said.
+      "Prices have gone up for memory components, the mainstay of
+  the Japanese semiconductor industry," analyst Drew Peck of
+  Donaldson Lufkin and Jenrette said.
+      But analysts said the price rises have been slight so far,
+  and some questioned whether Japan would be successful in
+  forcing Japanese companies to cut production in the long run.
+      Others, however, were more optimistic, saying evidence was
+  already in hand that Japan has cut back prodution and halted
+  sales to the grey market, the third country brokers that sell
+  chips at below production costs.
+      "We've seen the grey market begin to dry up for D-RAMS, and
+  it has virtually dried up for EPROMS," said Merrill Lynch
+  analyst Thomas Kurlack of the two key memory chips used in
+  computers.
+      "Prices are inching up and lead times on deliveries are
+  stretching," Kurlack added.
+      Industry analysts said Japan's Ministry of International
+  Trade and Industry, or MITI, had requested the cut backs in
+  production to meet the terms of last year's semiconductor
+  accord with the U.S.
+      The Reagan adminsitration recently proposed tariffs on
+  Japanese electronic goods, alleging that Japan had failed to
+  live up to the accord and continued to dump the computer
+  components in the U.S. market.
+      But some analysts said Japan's attempt to mollify the U.S.
+  was a double edged sword, and might be read at a subtle form of
+  trade retaliation for the tariffs proposed by the U.S.
+      As production in Japan is cut, these analysts argue, prices
+  will rise in the U.S. and few American semiconductor
+  manufactures will be able to take up the slack since most long
+  ago exited the market for memory chips. U.S. computer makers
+  that use the chips in their machines will then be pressured.
+      "The Japanese are looking for ways to reduce trade
+  pressures from Washington, but at the same time they're
+  demonstating their muscle," analyst Peck said.
+      The cut backs in Japanese production are expected to
+  benefit U.S. chip makers.
+      "I think this could be a very important factor for U.S.
+  semiconductor manufacturers," industry analyst Elliot Levine of
+  Ladenburg Thalmann Co said.
+      But analyst Peck said, "it will take a few weeks to see
+  whether Japan has genuinely cut production."
+      He said Japanese manufactures were likely to view MITI's
+  request unfavorably because chip capacity was still high and
+  production cut backs would lead to significant write-offs in
+  plant and equipment.
+  
+
diff --git a/reuters/training/142 b/reuters/training/142
new file mode 100644
index 0000000000000000000000000000000000000000..da3c28378354d86aa31d8dae84d9278b30bf4e70
--- /dev/null
+++ b/reuters/training/142
@@ -0,0 +1,7 @@
+IDB COMMUNICATIONS GROUP INC <IDBX> YEAR NET
+  Period ended December 31.
+      Shr 25 cts vs 20 cts
+      Net 801,000 vs 703,000
+      Revs 6,318,000 vs 3,926,000
+  
+
diff --git a/reuters/training/1420 b/reuters/training/1420
new file mode 100644
index 0000000000000000000000000000000000000000..ad784c89afdc704de354e0aa7c14ab5c86273517
--- /dev/null
+++ b/reuters/training/1420
@@ -0,0 +1,6 @@
+MICKELBERRY CORP <MBC> SETS QTLY PAYOUT
+  Qtly div 1-1/2 cts vs 1-1/2 cts prior
+      Pay March 31
+      Record March 13
+  
+
diff --git a/reuters/training/14201 b/reuters/training/14201
new file mode 100644
index 0000000000000000000000000000000000000000..013b42bb5d3d6bd33a901ad6082cc6e94c8d6796
--- /dev/null
+++ b/reuters/training/14201
@@ -0,0 +1,14 @@
+INVESTORS RAISE STAKE IN PUROLATOR <PCC>
+  Two New York management investment
+  firms told the Securities and Exchange Commission they had
+  increased their holdings in Purolator Courier Corp to 7.2 pct,
+  from 6.2 pct.
+      Mutual Shares Corp and Mutual Qualified Income Fund Inc
+  said they were weighing offers to buy Purolator shares from PC
+  Acquisition Inc, a unit of E.F. Hutton LBO Inc, for 35 dlrs a
+  share, and from EAF Acquisitions Corp Inc, a unit of Emery Air
+  Freight Corp. at 40 dlrs
+      They told the commission they had bought their new
+  Purolator shares March 25-27 for 34.875-35.250 dlrs each.
+  
+
diff --git a/reuters/training/14207 b/reuters/training/14207
new file mode 100644
index 0000000000000000000000000000000000000000..555fb822d8d8c353fc01f3b833791abb74e5fe65
--- /dev/null
+++ b/reuters/training/14207
@@ -0,0 +1,25 @@
+DUTCH MONEY MARKET DEBT RISES IN WEEK
+  Loans and advances from the Dutch
+  Central Bank to the commercial banks rose by 1.2 billion
+  guilders to 10.7 billion in the week up to and including April
+  6, the Bank's weekly return showed.
+      Paper discounted with the Bank also rose, by 477 mln
+  guilders to 916 mln.
+      These rises were balanced by a 1.6 billion guilders rise in
+  the Treasury's account at the Bank, made up mainly of
+  repayments on housing loans by local authorities.  The
+  Treasury's account stood at 8.1 billion guilders, the weekly
+  return showed.
+      The Bank's gold and currency reserves rose by 484 mln to
+  56.89 billion guilders, while the value of non-gold holdings
+  rose by 140 mln guilders, analysts said.
+      They added that the rise in the reserves was merely the
+  result of commercial currency transactions by the Bank.
+      Call money and period tariffs were only fractionally
+  changed this week and were seen sustaining their stable levels
+  since no dramatic changes in the money market debt, currently
+  around 10.25 billion guilders, are expected.
+      Today call money traded between 5-3/8 to 5-1/2 pct and
+  period tariffs all between 5-5/16 to 5-7/16 pct.
+  
+
diff --git a/reuters/training/1421 b/reuters/training/1421
new file mode 100644
index 0000000000000000000000000000000000000000..c6e7f4168606bc1e36139f83ceacf733cfd9f93b
--- /dev/null
+++ b/reuters/training/1421
@@ -0,0 +1,48 @@
+SWAP DEALERS UNVEIL STANDARD CONTRACT
+  The International Swap Dealers
+  Association has developed the first standard form contract for
+  use by arrangers of currency and interest rate swap
+  transactions, said Thomas Jasper, the Association's
+  co-chairman.
+      The contract, unveiled at a press conference , is expected
+  to make the 300 billion dlr a year swap market more efficient,
+  he said. "The contracts wil accelerate the process and reduce
+  the expense of swap documentation," Japsper said.
+      Privately, eurobond traders estimate that about 80 pct of
+  all new issues eventually become part of either an interest
+  rate or currency swap.
+      An interest rate swap occurs when two issuers, usually
+  acting through a bank middleman, agree to accept each other's
+  interest payments on debt securities. Usually, the issuer of a
+  floating rate debt security swaps into fixed-rate debt and vice
+  versa. But the obligation for repayment of the debt remains
+  with the original borrower.
+      Bank regulators have become concerned about the use of
+  swaps because the middleman, usually a bank, takes on some
+  portion of the risk but is not required to show it on the
+  balance sheet as a liability and may not have sufficient
+  capital to cushion it.
+      Kenneth McCormick, a co-chairman of the ISDA and president
+  of Kleinwort Benson Cross Financing Inc, said the Bank of
+  England and the U.S. Federal Reserve Board were expected later
+  today to announce joint proposals for setting minimum capital
+  standards for counterparties in swaps.
+      The standards are part of the recently announced
+  convergence agreement between the two countries in which
+  regulators have attempted to set similar capital requirements
+  for institutions.
+      McCormick told reporters the ISDA was concerned that a
+  "level playing field" be maintained in the swaps market.
+      He said if U.K. And U.S. Banks were required to hold more
+  primary capital against swap transactions than is the current
+  practice, the additional costs would have to be passed on to
+  issuers.
+      The issuers might then choose to do business with
+  lower-cost banks which are not subject to U.S. Or U.K. Banking
+  rules.
+      He said the ISDA had been working on a code of conduct for
+  swap dealers as part of its self-regulatory effort.
+      That code should be completed within the next few weeks, he
+  said.
+  
+
diff --git a/reuters/training/14211 b/reuters/training/14211
new file mode 100644
index 0000000000000000000000000000000000000000..0f4d9da4393e8e0fc77b1d3cd41f8c4b1c8371f7
--- /dev/null
+++ b/reuters/training/14211
@@ -0,0 +1,28 @@
+KUWAIT ASKS TO USE FOREIGN FLAG TANKERS, U.S SAYS
+  Kuwait has asked at least four
+  countries, including the United States, Soviet Union, Britain
+  and China, for temporary use of their flags or tankers to
+  protect Kuwaiti oil shipments in the troubled Persian Gulf,
+  Reagan Administration officials said.
+      The officials confirmed a New York Times report that Kuwait
+  wants to transfer some of its oil tankers to U.S. or Soviet
+  registration in hopes Iran would be reluctant to launch new
+  "Silkworm" missiles at superpower flags.
+      The United States has vowed to keep the gulf open to
+  international oil traffic and has warned Tehran against using
+  the Chinese-made missiles recently installed in Iran near the
+  mouth of the gulf.
+      "They (the Kuwaitis) have also asked Britain, China and
+  possibly some other European countries to lease tankers to
+  carry their oil," one of the administration officials, who asked
+  not to be identified, told Reuters.
+      The United States is considering the request to temporarily
+  transfer Kuwaiti ships to American registration, but such a
+  move could create insurance and other problems, the officials
+  said.
+      U.S. defense officials told Reuters yesterday that Kuwait
+  had decided for at least the time being not to accept a U.S.
+  offer to use American warships to escort its tankers in the
+  gulf, where both Iran and Iraq have been attacking shipping.
+  
+
diff --git a/reuters/training/14212 b/reuters/training/14212
new file mode 100644
index 0000000000000000000000000000000000000000..23c63b2555722e96e379e6b377ee8421d8dbed2b
--- /dev/null
+++ b/reuters/training/14212
@@ -0,0 +1,41 @@
+U.S. GRAIN CERTS SAVE 50-100 MLN DLRS - AMSTUTZ
+  The use of generic commodity
+  certificates, or "certs," for fiscal years 1986-88 will save
+  the government 50 to 100 mln dlrs, Department of Agriculture
+  Undersecretary Daniel Amstutz said.
+      Speaking at a House agriculture subcommittee hearing on the
+  use of the certificates, Amstutz said that the issuance of 8.5
+  billion dlrs of certificates during fiscal years 1986-88 could
+  result in government outlays of up to 400 mln dlrs.
+      However, the use of certificates preclude the need for 450
+  to 500 mln dlrs in storage and handling costs, resulting in net
+  savings for the government of 50-100 mln dlrs, he said.
+      Without the use of certificates, Amstutz said nearly the
+  entire 1985 crop which had been put under loan would have been
+  forfeited to the Commodity Credit Corporation, CCC.
+      In addition, 260 mln bushels of grain that have been
+  redeemed from CCC inventory through certificate exchanges would
+  have remained in the goverment inventory, he said.
+      When asked to comment on a recent study by the General
+  Accounting Office that concluded certificates result in a net
+  cost to the government, Amstutz said, "GAO underestimated the
+  benefits and overstated the costs" of the certificate program.
+      Amstutz said while certificates encourage more loan
+  entries, they also encourage heavier loan redemptions rather
+  than forfeitures.
+      GAO underestimated this net loan activity, Amstutz said.
+      "There is no question in the mind of the Department of
+  Agriculture that these certificates have been very useful,"
+  Amstutz said.
+      Immediate benefits of certificates include greater market
+  liquidity, improved market price competitiveness, higher farm
+  income, and improved debt situation and decreased carrying
+  costs, he said.
+      Certificates are an integral part of USDA's long-range
+  market-oriented farm policy, he said.
+      Amstutz told subcommittee Chairman Rep. Dan Glickman,
+  D-Kans., that USDA is in the process of preparing an official
+  response to the GAO study on certificates and will submit it to
+  the subcommittee when completed.
+  
+
diff --git a/reuters/training/14214 b/reuters/training/14214
new file mode 100644
index 0000000000000000000000000000000000000000..c5ec1c889ce83b000cf272d1624fced239d8a468
--- /dev/null
+++ b/reuters/training/14214
@@ -0,0 +1,5 @@
+VOLCKER SAYS FED POLICY NOT RESPONSIBLE FOR PRIME RATE RISE
+
+  VOLCKER SAYS FED POLICY NOT RESPONSIBLE FOR PRIME RATE RISE
+  
+
diff --git a/reuters/training/14220 b/reuters/training/14220
new file mode 100644
index 0000000000000000000000000000000000000000..f3c03e8383b7466e751fce24a8dbe81162164839
--- /dev/null
+++ b/reuters/training/14220
@@ -0,0 +1,39 @@
+U.S. URGES SURPLUS NATIONS TO BOOST GROWTH
+  Leading industrial nations will be
+  reviewing the Paris agreement to stabilize exchange rates,
+  foster increased worldwide growth and reduce trade imbalances
+  but the U.S. thinks the accord has been successful so far, a
+  senior U.S. Treasury official said.
+      "The Paris accord will be reviewed at this meeting. It has
+  been successful and continues to be succesfull," a senior U.S.
+  Treasury official told reporters.
+      In a briefing ahead of this week's semiannual IMF and World
+  Bank meetings, he also said the U.S. was looking to West
+  Germany and Japan to bolster their economic growth.
+      The official said both surplus countries, like West Germany
+  and Japan, and deficit countries, like the U.S., agreed to play
+  a role in bringing about more balanced economic growth.
+      He reaffirmed the U.S. would press ahead with efforts to
+  reduce its budget deficit, resist protectionism and boost U.S.
+  competitiveness.
+      The official also said that he expected trade issues, like
+  the dispute between the U.S. and Japan over microchips, to be
+  included in the discussions.
+      The official made no direct comment on the content or
+  schedule of forthcoming Group of Five and Group of Seven
+  discussions. He said that industrial countries are concerned
+  that the large external imbalances remain a threat to the
+  international monetary system.
+      He added that the meetings will also provide an opportunity
+  to discuss economic policy coordination efforts.
+      The official said indicators would be used to measure
+  policy objectives of industrial countries and their economic
+  projections.
+      They would also be used to assess progress of policy goals.
+      Asked whether the U.S. was proposing a new initiative
+  regarding the indicators, the official said the issue would be
+  reported to the Venice Summit in June. Monetary sources said
+  the U.S. proposal envisages using the indicators to make policy
+  coordination agreements, like the Paris Accord, more binding.
+  
+
diff --git a/reuters/training/1425 b/reuters/training/1425
new file mode 100644
index 0000000000000000000000000000000000000000..e3b7242bba75e120615977aaafa6caeef9340b77
--- /dev/null
+++ b/reuters/training/1425
@@ -0,0 +1,8 @@
+METROPOLITAN FEDERAL <MFTN> TO MAKE ACQUISITION
+  Metropolitan Federal Savings
+  and Loan Association said it has signed a letter of intent to
+  acquire American Trust of Hendersonville, Tenn., for an
+  undisclosed amount of cash.
+      American Trust had year-end assets of over 40 mln dlrs.
+  
+
diff --git a/reuters/training/14263 b/reuters/training/14263
new file mode 100644
index 0000000000000000000000000000000000000000..400b5bc0c4f9bdc1ce93594448a91d285face0c4
--- /dev/null
+++ b/reuters/training/14263
@@ -0,0 +1,13 @@
+ACME PRECISION <ACL> SETS HOLDER VOTE ON BUYOUT
+  Acme Precision Products Inc said it set
+  its annual meeting for May 14 for shareholders to vote on the
+  proposed management-led leveraged buyout of the company.
+      The record date for the meeting will be April 16, with
+  proxy materials to be sent to shareholders on or before April
+  20.
+      The buyout proposal, which was previously announced, will
+  be structured as a one for 100,000 reverse stock split. It must
+  be approved by a majority of shareholders. Acme Precision has
+  1,008,857 shares outstanding.
+  
+
diff --git a/reuters/training/1427 b/reuters/training/1427
new file mode 100644
index 0000000000000000000000000000000000000000..1276b3b46a41985de59371ed140b46e1d93767e1
--- /dev/null
+++ b/reuters/training/1427
@@ -0,0 +1,20 @@
+GM'S <GM> PONTIAC HAS INTEREST RATE INCENTIVES
+  General Motors Corp said its
+  Pontiac Division has established an interest rate support
+  incentive program, effective immediately, as an alternative to
+  its current option bonus program.
+      The company said qualified buyers of Pontiacs may now
+  select special finance rates of 3.9 pct on 24-month contracts,
+  7.9 pct on 36-month contracts, 8.9 pct on 48-mopnth contracts
+  or 9.9 pct on 60-month contracts.  The program is scheduled to
+  expire April 30.
+      Under the option bonus program, which is also scheduled to
+  expire April 30, buyers receive cash bonuses on the purchase of
+  Pontiacs equipped with option group packages, with the amount
+  depending on the option level on each vehicle.
+      The company said the special interst rate program applies
+  to ann new 1986 and 1987 Pontiacs sold from dealer stock and
+  delivered to customers during the program period.  A customer
+  may choose only one program, it said.
+  
+
diff --git a/reuters/training/14270 b/reuters/training/14270
new file mode 100644
index 0000000000000000000000000000000000000000..9a9b563588dd01b4f8cb7e51de692b23c700289f
--- /dev/null
+++ b/reuters/training/14270
@@ -0,0 +1,11 @@
+VOLCKER SAYS FED POLICY NOT LINKED TO RATE RISE
+  Federal Reserve Board Chairman Paul
+  Volcker said that he did not believe there was a connection
+  between the Fed's policies and the recent rise in the prime
+  interest rate by most major U.S. banks.
+      Asked by reporters following testimony before the Senate
+  Banking Committee whether the Fed had anything to do with the
+  rise to 7-3/4 pct in the prime, he replied, "not that I was able
+  to detect."
+  
+
diff --git a/reuters/training/1428 b/reuters/training/1428
new file mode 100644
index 0000000000000000000000000000000000000000..945bb4e42fc1b7cdfa934ae0eeda79345835c472
--- /dev/null
+++ b/reuters/training/1428
@@ -0,0 +1,16 @@
+<WESTAR MINING LTD> 4TH QTR LOSS
+  Shr not given
+      Oper loss 5,900,000 vs profit 9,300,000
+      Revs 105.3 mln vs 131.2 mln
+      Year
+      Shr not given
+      Oper loss 21.7 mln vs profit 34.7 mln
+      Revs 370.7 mln vs 515.1 mln
+      Note: 67 pct owned by <British Columbia Resources
+  Investment Corp>
+      Note continued: 1986 qtr excludes extraordinary loss of 3.6
+  mln dlrs versus loss of 294.0 mln dlrs in prior year
+      1986 year excludes extraordinary loss of 79.1 mln dlrs
+  versus loss 221.5 mln dlrs in prior year
+  
+
diff --git a/reuters/training/14282 b/reuters/training/14282
new file mode 100644
index 0000000000000000000000000000000000000000..947efe545ce9426465c744ffbfdb8436f9169e9b
--- /dev/null
+++ b/reuters/training/14282
@@ -0,0 +1,9 @@
+WEIS MARKETS <WMK> IN THREE FOR TWO STOCK SPLIT
+  Weis Markets Inc said its board
+  declared a three-for-two stock split for holders of record May
+  1, 1987, with a distribution date of May 22, 1987.
+      The company also said a regular quarterly dividend of 16
+  cts per share on the pre-split shares will be paid May 22 to
+  shareholders of record May 1.
+  
+
diff --git a/reuters/training/14285 b/reuters/training/14285
new file mode 100644
index 0000000000000000000000000000000000000000..03fab9653c75444c408e16370efc41cf56c7154c
--- /dev/null
+++ b/reuters/training/14285
@@ -0,0 +1,7 @@
+MCCORMICK CAPITAL <MKOR> 1986 YEAR NET
+  Shr primary 24 cts vs 25 cts
+      Shr diluted 21 cts vs 25 cts
+      Net 530,583 vs 493,423
+      Revs 10.2 mln vs 9,834,578
+  
+
diff --git a/reuters/training/1429 b/reuters/training/1429
new file mode 100644
index 0000000000000000000000000000000000000000..b086453f3d6799f33a7ea5300503dd2149499407
--- /dev/null
+++ b/reuters/training/1429
@@ -0,0 +1,10 @@
+DOW CHEMICAL <DOW> TO SELL SOUTH AFRICAN UNIT
+  Dow Chemical Co said it has
+  agreed in principle to sell its industrial chemicals and
+  plastics business interests in South Africa and related assets
+  to a group of South African investors for undisclosed terms,
+  completing the sale of the company's South African assets
+      Dow said it will continue to support its educational and
+  health programs for South African blacks.
+  
+
diff --git a/reuters/training/14293 b/reuters/training/14293
new file mode 100644
index 0000000000000000000000000000000000000000..1db4fa2cd2460bf2cd11441c0ba744fd9cd77923
--- /dev/null
+++ b/reuters/training/14293
@@ -0,0 +1,15 @@
+U.S. SAYS NO PACT ON RELIEF FOR POOREST STATES
+  There is no consensus so far among
+  industrial countries on an agreement providing debt relief for
+  the world's poorest nations, a senior U.S. Treasury official
+  said.
+      The official said, "There has not been a consensus reached
+  yet," when asked about reports the Paris club of western
+  creditors had agreed to long-term stretch outs of African debt
+  at concessional interest rates.
+      The official, briefing reporters on this week's semiannual
+  IMF meetings, said the issue would be discussed this week and
+  the U.S. had an open mind on the proposal but it did object to
+  concessional interest rate relief.
+  
+
diff --git a/reuters/training/14297 b/reuters/training/14297
new file mode 100644
index 0000000000000000000000000000000000000000..bb4323c43db20aa3c23916d35dc6647919a1d7ca
--- /dev/null
+++ b/reuters/training/14297
@@ -0,0 +1,19 @@
+U.S. MINT SEEKING OFFERS ON COPPER, NICKEL
+  The U.S. Mint said it is seeking
+  offers on 3,701,000 lbs of electrolytic copper and 629,000 lbs
+  of electrolytic cut nickel cathodes or briquettes that it
+  intends to purchase.
+      It said both metals are for delivery in the week of May 11
+  to Olin Corp, East Alton, Ill.
+      Offers for the copper are due by 1100 hrs EDT, April 21,
+  while offers on the nickel are due at 1100 hrs EDT on April 14.
+      The Mint said that firms, in submitting their offers,
+  select to receive payment by standard check or be wire
+  transfer. Awards are determined by whichever of the two methods
+  is most cost advantageous, based on the cost of money at that
+  time.
+      The minimum acceptance periods for each solicitation is
+  three calendar days for the copper and 10 calendar days for the
+  nickel, the Mint said.
+  
+
diff --git a/reuters/training/14298 b/reuters/training/14298
new file mode 100644
index 0000000000000000000000000000000000000000..78de9a2e215f57b02b0460f1c6d0a8ff215286f1
--- /dev/null
+++ b/reuters/training/14298
@@ -0,0 +1,12 @@
+FAMILY HEALTH SYSTEMS <FHSY> TO MAKE PURCHASE
+  Family Health System Inc said
+  The Federal Bankruptcy Court in Fort Worth, Texas has approved
+  its offer to purchase <Sheppard Dental Centers Inc's> assets
+  from a Chapter 7 bankruptcy proceeding for about 300,000 dlrs.
+      FHS administers and markets multiple office dental
+  practices in the Dallas metropolitan area as well as dental
+  offices in the Dallas Metroplex.
+      The company said it plans to open 12 locations in Dallas by
+  the end of 1987.
+  
+
diff --git a/reuters/training/143 b/reuters/training/143
new file mode 100644
index 0000000000000000000000000000000000000000..05ed186f6f9053759110462f387f798f000e114c
--- /dev/null
+++ b/reuters/training/143
@@ -0,0 +1,6 @@
+ARMOR ALL PRODUCTS CORP <ARMR> QUARTERLY DIV
+  Qtly div ten cts vs ten cts
+      Pay April 1
+      Record March 9
+  
+
diff --git a/reuters/training/14300 b/reuters/training/14300
new file mode 100644
index 0000000000000000000000000000000000000000..fa528bb600fc8a78afa52f2681118090b2923ca0
--- /dev/null
+++ b/reuters/training/14300
@@ -0,0 +1,12 @@
+OLD FASHION FOODS INC <OFFI> 3RD QTR FEB 28 NET
+  Shr 10 cts vs 10 cts
+      Net 131,000 vs 135,000
+      Revs 4,222,000 vs 3,656,000
+      Avg shrs 1,278,529 vs 1,356,672
+      Nine mths
+      Shr 31 cts vs 31 cts
+      Net 406,000 vs 426,000
+      Revs 12.3 mln vs 11.0 mln
+      Avg shrs 1,330,511 vs 1,361,421
+  
+
diff --git a/reuters/training/14310 b/reuters/training/14310
new file mode 100644
index 0000000000000000000000000000000000000000..9f1e49960f932f04efe5d20d157bdb8bfc2c7ac1
--- /dev/null
+++ b/reuters/training/14310
@@ -0,0 +1,32 @@
+CONSOLIDATED-BATHURST SEES BETTER MARKET
+  (Consolidated-Bathurst Inc) said it
+  expects improvement in the pulp and paper sector shown in the
+  second half of 1986 to continue this year. The continued
+  improvement would be due to good market demand, better product
+  prices and high operating capacity, the company said in its
+  annual report.
+      Consolidated-Bathurst, which reported operating profit of
+  104 mln dlrs last year on sales of 2.02 billion dlrs, said its
+  joint-venture acquisition of a market pulp mill at Castlegar,
+  B.C. last year broadens its product range and will contribute
+  to equity earnings.
+      Last year's results were up from 1985 operating profit of
+  80 mln dlrs and sales of 1.73 billion dlrs.
+      The company said it views its near-term prospects with
+  improved optimism.
+      It said results from its Bridgewater newsprint mill in the
+  U.K. should improve greatly this year due to stronger capacity
+  and production and more favorable market conditions.
+      It said it anticipates a return to profitability in 1987
+  for its Diamond-Bathurst Inc (DBH) subsidiary, which lost 6.2
+  mln U.S. dlrs and underwent a reorganization last year, and
+  expects higher sales and earnings for its other North American
+  packaging divisions.
+      Consolidated-Bathurst said the outlook for its Europa
+  Carton unit is mixed. It said the effect of trade disputes
+  between the United States and the European Economic Community
+  on the West German economy and the higher value of the mark may
+  lead to increased costs which could not be offset by price
+  increases.
+  
+
diff --git a/reuters/training/14313 b/reuters/training/14313
new file mode 100644
index 0000000000000000000000000000000000000000..dad8217fae523caf5492254a672f44e1884f0005
--- /dev/null
+++ b/reuters/training/14313
@@ -0,0 +1,40 @@
+MORE U.S. GRAIN CERTIFICATES NEEDED, STUDY SAYS
+  More generic grain certificates
+  should be released onto the market in order for the U.S.
+  certificate program to have its full effect on commodities,
+  according to a study by Sparks Commodities Inc.
+      The Agriculture Department should make grain deficiency
+  payments and paid land diversion payments in a two-third
+  certificate, one-third cash ratio through fiscal year 1989, 
+  Carroll Brunthaver, president of Sparks Commodities, told a
+  House agriculture subcommittee hearing on certificates.
+      Thereafter, government payments should be issued in roughly
+  a 50-50 split between cash and certificates, Brunthaver said.
+      The Sparks study on certificates examined two possible
+  scenarios through the 1990 growing season -- a "zero
+  certificate case," where no certificate program was assumed,
+  and an alternative case labeled "adequate certificate case" in
+  which sufficient certificates would be released so that grain
+  prices would not be artificially supported by market shortages
+  due to acreage reduction programs or government holdings.
+      The study showed that total grain use under the adequate
+  certificate scenario would exceed the zero certificate scenario
+  by 11.2 pct.
+      Usage would be markedly more in 1989 and 1990, when grain
+  usage under a certificate program was estimated to exceed the
+  zero certificate case by 15 to 19 pct.
+      For the five-year period examined, government expenditures
+  under the adequate certificate case were 7.0 billion dlrs, or
+  7.5 pct less than under the zero certificate case.
+      The Sparks study said that 5.1 billion dlrs, or 70 pct of
+  those savings resulted from smaller government storage costs.
+      The study also estimated that government grain stocks under
+  the adequate certificate case would be 4.7 billion bushels
+  below the zero certificate case at the end of the period
+  examined.
+      The Sparks study said that while certificates permit market
+  prices to fall below loan levels, these lower prices increase
+  commodity usage and reduce the net costs of certificates versus
+  cash.
+  
+
diff --git a/reuters/training/14314 b/reuters/training/14314
new file mode 100644
index 0000000000000000000000000000000000000000..9c4f23f35609594cf6690c4d173067064df85af8
--- /dev/null
+++ b/reuters/training/14314
@@ -0,0 +1,16 @@
+CUMMINS ENGINE <CUM> SEES IMPROVED EARNINGS
+  Cummins Engine Co said it told
+  shareholders higher engine orders to the North American
+  heavy-duty truck market will result in improved earnings in the
+  first quarter.
+      Cummins said the company should make progress this year and
+  next toward its goal of five pct profitability.
+      Cummins recorded net income of 3,743,000 dlrs, or 38 cts
+  per share, on sales of 516.9 mln dlrs.
+      It said it expects 1987 North American heavy-duty truck
+  production to total 135,000 units, an 8.5 pct increase from
+  1986.
+      Cummins said it expects capital expenditures to total about
+  155 mln dlrs, down from 274 mln dlrs the year before.
+  
+
diff --git a/reuters/training/14315 b/reuters/training/14315
new file mode 100644
index 0000000000000000000000000000000000000000..19cb0cafc2c4c450a5d1e3a91e63889559fcaeec
--- /dev/null
+++ b/reuters/training/14315
@@ -0,0 +1,10 @@
+NORTH-WEST TELECOM <NOWT> MAKES ACQUISITION
+  North-West Telecommunications Inc
+  said it acquired the assets and customer base of Com-Tel
+  Systems Inc, a telephone interconnect firm that operates in La
+  Crosse and Stevens Point, Wis. and Rochester, Minn.
+      It said the purchase only includes the businesses in La
+  Crosse and Rochester.
+      Terms were not disclosed.
+  
+
diff --git a/reuters/training/14316 b/reuters/training/14316
new file mode 100644
index 0000000000000000000000000000000000000000..672d87566517ef23f22f1a93fccaf6d3c93878e6
--- /dev/null
+++ b/reuters/training/14316
@@ -0,0 +1,6 @@
+MILTON ROY CO <MRC> SETS REGULAR DIVIDEND
+  Qtly div 11 cts vs 11 cts prior
+      Pay June 15
+      Record May 15
+  
+
diff --git a/reuters/training/14324 b/reuters/training/14324
new file mode 100644
index 0000000000000000000000000000000000000000..a495e3e4fc53fc873851da586ecb202625c3564b
--- /dev/null
+++ b/reuters/training/14324
@@ -0,0 +1,27 @@
+OHIO MATTRESS CO <OMT> 1ST QTR FEB 28 NET
+  Shr 15 cts vs 15 cts
+      Net 2,407,000 vs 2,393,000
+      Revs 117.2 mln vs 67.1 mln
+      Note: Aggregate judgments in antitrust and other suits of
+  77 mln dlrs not included in year-ago or 1987 1st qtr results.
+  Company said any portion of this amount, including related
+  interest or attorneys' fees, would be proportionately reflected
+  as a reduction in its minority interest of Sealy recorded on
+  its consolidated balance sheet upon final settlement of
+  litigation.
+      Note: Consolidated balance sheet as of end of 1st qtr
+  reflects after-tax impact of 50 mln dlr settlement won by Sealy
+  licensee in Michigan.
+      1987 results include all operations of all acquired
+  Sealy-brand licensees and 82 pct of Sealy. Remaining 18 pct of
+  Sealy is recorded as minority interest.
+      Proceeds of 170 mln dlrs from sale of stock and debt were
+  used to reduce balance of revolving credit agreement to 80 mln
+  dlrs. Accordingly, 250 mln dlr obligation to banks under credit
+  agreement was recorded as a long-term liability as of end of
+  1st qtr.
+      Note: In April, company intends to acquire Michigan Sealy
+  licensee and fund transaction with 25 mln dlrs in cash and
+  borrow balance required from banks.
+  
+
diff --git a/reuters/training/1433 b/reuters/training/1433
new file mode 100644
index 0000000000000000000000000000000000000000..ae2c5c48544273ed0d101ea4689b9d57afee810c
--- /dev/null
+++ b/reuters/training/1433
@@ -0,0 +1,9 @@
+WILLIAMS COS <WMB> YEAR LOSS
+  Shr loss 6.97 dlrs vs profit 92 cts
+      Net loss 240 mln vs profit 31.6 mln
+      Revs 1.9 billion vs 2.5 billion
+      NOTE: 1986 includes loss of 250 mln dlrs or 7.27 dlrs a
+  share from discontinued operations and writedowns of holdings
+  in Texasgulf Inc. 1985 restated.
+  
+
diff --git a/reuters/training/1434 b/reuters/training/1434
new file mode 100644
index 0000000000000000000000000000000000000000..023689e8378c73caa17e8086a9de460bc9eec18b
--- /dev/null
+++ b/reuters/training/1434
@@ -0,0 +1,18 @@
+GEONEX SEES SALES HURT BY PRODUCTION SHIFT
+  Geonex Corp <GEOX> said
+  BellSouth Corp <BLS> unit Southern Bell Telephone and Telegraph
+  Co's decision to postpone the start up of new conversion
+  assignments at Geonex's Chicago Aerial Survey unit could
+  negatively affect its fiscal 1987 revenues.
+      The company said it had expected higher revenues from the
+  records conversion work, but it now foresees revenues from
+  Southern Bell work at about eight mln dlrs, the same level as
+  last fiscal year.
+      Geonex said Southern Bell will let CAS continue work in
+  progress and it expects to perform mechanized posting and
+  records conversion for Southern Bell through 1989.
+      But, it added that the Southern Bell decision has forced it
+  to pursue opportunities with other telephone companies and
+  municipalities to replace the Southern Bell work.
+  
+
diff --git a/reuters/training/14340 b/reuters/training/14340
new file mode 100644
index 0000000000000000000000000000000000000000..4faee820fe850f2ee0a6e73db09403e89bde5292
--- /dev/null
+++ b/reuters/training/14340
@@ -0,0 +1,20 @@
+USSR CROP WEATHER SUMMARY -- USDA/NOAA
+  Gradual warming continued in most
+  regions of Western Soviet Union in the week ended April 4, the
+  Joint Agricultural Weather Facility of the U.S Agriculture and
+  Commerce Departments said.
+      In its International Weather and Crop Summary, the agency
+  said most of the region's precipitation fell as rain.
+      The southern snow cover boundary continued to slowly
+  retreat northward and eastward, it said.
+      Moderate to deep snow cover the northern half of the
+  Ukraine, northern North Caucasus, and the lower Volga, about
+  one month later than usual, it said.
+      The agency said average weekly temperatures were below
+  normal in the southeast, near normal in the southwest and
+  northeast, and above normal in the northwest.
+      Winter grains remained dormant over the region, but warm
+  weather promoted greening in crop areas adjacent to the Black
+  Sea coast, it said.
+  
+
diff --git a/reuters/training/1435 b/reuters/training/1435
new file mode 100644
index 0000000000000000000000000000000000000000..c0f93eb688dc29dc2d2d7950a111a6ee9ad7ef2c
--- /dev/null
+++ b/reuters/training/1435
@@ -0,0 +1,5 @@
+NWA INC 4TH QTR SHR PROFIT 45 CTS VS LOSS NINE CTS
+
+  NWA INC 4TH QTR SHR PROFIT 45 CTS VS LOSS NINE CTS
+  
+
diff --git a/reuters/training/14354 b/reuters/training/14354
new file mode 100644
index 0000000000000000000000000000000000000000..581ed984921cccf04701cf19e9fa3e8fda99e2e4
--- /dev/null
+++ b/reuters/training/14354
@@ -0,0 +1,15 @@
+U.S. WEATHER/COTTON SUMMARY -- USDA/NOAA
+  Cotton planting continued progressing
+  in the week ended April 5, but cold, wet weather in the South
+  hampered seedbed preparation, the Joint Agricultural Weather
+  Facility of the U.S. Agriculture and Commerce Departments said.
+      In a summary of its Weather and Crops Bulletin, the agency
+  said planting increased in California as soil temperatures
+  improved.
+      Texas planted 10 pct compared with an average of eight pct.
+  Arizona and Georgia planted 35 pct and two pct, respectively,
+  it said.
+      Oklahoma farmers prepared 10 pct of their cotton seedbeds,
+  15 points below average, the agency said.
+  
+
diff --git a/reuters/training/1436 b/reuters/training/1436
new file mode 100644
index 0000000000000000000000000000000000000000..ff5ecd3f45bddf1716b565bab6330b1245b0e0e5
--- /dev/null
+++ b/reuters/training/1436
@@ -0,0 +1,5 @@
+ UK INTERVENTION BD SAYS EC SOLD 60,500 TONNES WHITE SUGAR AT REBATE 43.147 ECUS.
+
+   UK INTERVENTION BD SAYS EC SOLD 60,500 TONNES WHITE SUGAR AT REBATE 43.147 ECUS.
+  
+
diff --git a/reuters/training/14360 b/reuters/training/14360
new file mode 100644
index 0000000000000000000000000000000000000000..e98da1331513dc9c064068625f080f47be91f531
--- /dev/null
+++ b/reuters/training/14360
@@ -0,0 +1,18 @@
+GRAIN SHIPS WAITING AT NEW ORLEANS
+  Nine grain ships were loading and 16
+  were waiting to load at New Orleans elevators, trade sources
+  said.
+   ELEVATOR                     LOADING  WAITING
+   Continental Grain, Westwego     1      5
+   Mississippi River, Myrtle Grove 1      0
+   ADM Growmark                    1      2
+   Bunge Grain, Destrehan          1      0
+      ELEVATOR                LOADING  WAITING
+   ST CHARLES DESTREHAN         1      1
+   RESERVE ELEVATOR CORP        1      0
+   PEAVEY CO, ST ELMO           1      1
+   CARGILL GRAIN, TERRE HAUTE   1      4
+   CARGILL GRAIN, PORT ALLEN    0      0
+   ZEN-NOH                      1      3
+  
+
diff --git a/reuters/training/14376 b/reuters/training/14376
new file mode 100644
index 0000000000000000000000000000000000000000..6366e72dea7cf9888fc54017fa35b2d703b96569
--- /dev/null
+++ b/reuters/training/14376
@@ -0,0 +1,5 @@
+GENERAL PARTNERS IS TERMINATING OFFER FOR GENCORP INC
+
+  GENERAL PARTNERS IS TERMINATING OFFER FOR GENCORP INC
+  
+
diff --git a/reuters/training/1438 b/reuters/training/1438
new file mode 100644
index 0000000000000000000000000000000000000000..d75fcca8ea33bc88b571fe4a17365725529fff46
--- /dev/null
+++ b/reuters/training/1438
@@ -0,0 +1,16 @@
+(CRIME CONTROL INC) 4TH QTR NET LOSS
+  Shr loss 2.03 dlrs vs loss 85 cts
+      Net loss 10,742,113 vs loss 3,700,712
+      Revs 8,027,065 vs 8,689,008
+      Avg shrs 5.3 mln vs 4.4 mln
+      Year
+      Shr loss 2.45 dlrs vs loss 1.73 dlrs
+      Net loss 11,607,104 vs loss 7,442,825
+      Revs 32.6 mln vs 33.2 mln
+      Avg shrs 4.7 mln vs 4.3 mln
+      NOTE: 1986 net loss includes a fourth quarter charge of
+  10.5 mln dlrs from writeoffs of certain assets.
+      1985 net loss includes a charge of about 2.3 mln dlrs from
+  settlement of class action lawsuit.
+  
+
diff --git a/reuters/training/14388 b/reuters/training/14388
new file mode 100644
index 0000000000000000000000000000000000000000..7f4dd607dc21eb6bafa0d87ab524fd0730f0306a
--- /dev/null
+++ b/reuters/training/14388
@@ -0,0 +1,5 @@
+BURLINGTON NORTHERN INC 1ST QTR SHR PROFIT 93 CTS VS LOSS 3.55 DLRS
+
+  BURLINGTON NORTHERN INC 1ST QTR SHR PROFIT 93 CTS VS LOSS 3.55 DLRS
+  
+
diff --git a/reuters/training/14389 b/reuters/training/14389
new file mode 100644
index 0000000000000000000000000000000000000000..ea6de80148333c6188b18294bd71a9bd795188ba
--- /dev/null
+++ b/reuters/training/14389
@@ -0,0 +1,16 @@
+IOWA GRAIN ELEVATOR EXPLODES, BURNS
+  An explosion and fire today
+  damaged a grain elevator in Bancroft, Iowa, destroying
+  thousands of bushels of grain, authorities said.
+      The pre-dawn explosion ripped the wooden elevator open, and
+  a fire that followed continued burning at late morning but had
+  been contained, according to a dispatcher at the Algona Police
+  Department.
+      No injuries were reported at the Lone Rock Coop facility.
+      The dispatcher said the elevator was filled with corn, and
+  a nearby drying building holding soybeans was on fire.
+      The explosion was the second in four days in Iowa following
+  the destruction of an Archer Daniels Midland elevator in
+  Burlington last Friday.
+  
+
diff --git a/reuters/training/14393 b/reuters/training/14393
new file mode 100644
index 0000000000000000000000000000000000000000..b9f954828d3a8833812aae2a1c1a9da8a8899e3c
--- /dev/null
+++ b/reuters/training/14393
@@ -0,0 +1,10 @@
+ARTISTIC GREETINGS <ARTG> SEES RECOVERY IN NET
+  Artistic Greetings Inc said it
+  expects a rebound in profits and an increase in sales in 1987
+  as costs connected with computerization, staffing, traning and
+  catalog sales start to taper off.
+      Today it reported 1986 earnings of 294,650 dlrs, down from
+  371,064 dlrs a year before, on revenues of 8,157,864 dlrs, up
+  from 7,054,709 dlrs.
+  
+
diff --git a/reuters/training/14394 b/reuters/training/14394
new file mode 100644
index 0000000000000000000000000000000000000000..ae17056172ba485bd83e847b3a36740532e0a46b
--- /dev/null
+++ b/reuters/training/14394
@@ -0,0 +1,12 @@
+PARTNERSHIP BUYS 5.1 PCT ORANGE-CO <OJ> STAKE
+  Parsow Partnership Ltd, an Elkhorn,
+  Neb., investment partnership, said it bought a 5.1 pct stake in
+  Orange-Co Inc common stock as an investment.
+      In a filing with the Securities and Exchange Commission,
+  Parsow said it had bought all its 220,000 Orange-Co shares in
+  the open market with funds from its working capital.
+      The partnership, whose sole general partner is Elkhorn
+  investor Alan Parsow, said it "has no present intention of
+  effecting any change in the control of Orange-Co Inc."
+  
+
diff --git a/reuters/training/14395 b/reuters/training/14395
new file mode 100644
index 0000000000000000000000000000000000000000..648ab38ff4ac3a50dd81bda81c0e95a61b15e2ea
--- /dev/null
+++ b/reuters/training/14395
@@ -0,0 +1,14 @@
+COOPERATIVE ENERGY TESTS OIL AT TWO WELLS
+  <Cooperative Energy Development
+  Corp> said two exploratory oil wells in the Zama area of
+  Alberta tested 1,020 and 950 barrels a day, and will increase
+  the company's daily oil production by 30 pct.
+      The company did not immediately elaborate on total
+  production figures.
+      The wells, flowing oil from the Keg River formation, will
+  be constrained to combined production of about 450 barrels a
+  day to optimize reserve recovery, the company said.
+      Permanent production facilities are being installed and the
+  wells will produce to pipeline by mid-April.
+  
+
diff --git a/reuters/training/144 b/reuters/training/144
new file mode 100644
index 0000000000000000000000000000000000000000..07868e47ae01c712825ee2961941c904419a55c1
--- /dev/null
+++ b/reuters/training/144
@@ -0,0 +1,50 @@
+OPEC MAY HAVE TO MEET TO FIRM PRICES - ANALYSTS
+  OPEC may be forced to meet before a
+  scheduled June session to readdress its production cutting
+  agreement if the organization wants to halt the current slide
+  in oil prices, oil industry analysts said.
+      "The movement to higher oil prices was never to be as easy
+  as OPEC thought. They may need an emergency meeting to sort out
+  the problems," said Daniel Yergin, director of Cambridge Energy
+  Research Associates, CERA.
+      Analysts and oil industry sources said the problem OPEC
+  faces is excess oil supply in world oil markets.
+      "OPEC's problem is not a price problem but a production
+  issue and must be addressed in that way," said Paul Mlotok, oil
+  analyst with Salomon Brothers Inc.
+      He said the market's earlier optimism about OPEC and its
+  ability to keep production under control have given way to a
+  pessimistic outlook that the organization must address soon if
+  it wishes to regain the initiative in oil prices.
+      But some other analysts were uncertain that even an
+  emergency meeting would address the problem of OPEC production
+  above the 15.8 mln bpd quota set last December.
+      "OPEC has to learn that in a buyers market you cannot have
+  deemed quotas, fixed prices and set differentials," said the
+  regional manager for one of the major oil companies who spoke
+  on condition that he not be named. "The market is now trying to
+  teach them that lesson again," he added.
+      David T. Mizrahi, editor of Mideast reports, expects OPEC
+  to meet before June, although not immediately. However, he is
+  not optimistic that OPEC can address its principal problems.
+      "They will not meet now as they try to take advantage of the
+  winter demand to sell their oil, but in late March and April
+  when demand slackens," Mizrahi said.
+      But Mizrahi said that OPEC is unlikely to do anything more
+  than reiterate its agreement to keep output at 15.8 mln bpd."
+      Analysts said that the next two months will be critical for
+  OPEC's ability to hold together prices and output.
+      "OPEC must hold to its pact for the next six to eight weeks
+  since buyers will come back into the market then," said Dillard
+  Spriggs of Petroleum Analysis Ltd in New York.
+      But Bijan Moussavar-Rahmani of Harvard University's Energy
+  and Environment Policy Center said that the demand for OPEC oil
+  has been rising through the first quarter and this may have
+  prompted excesses in its production.
+      "Demand for their (OPEC) oil is clearly above 15.8 mln bpd
+  and is probably closer to 17 mln bpd or higher now so what we
+  are seeing characterized as cheating is OPEC meeting this
+  demand through current production," he told Reuters in a
+  telephone interview.
+  
+
diff --git a/reuters/training/1440 b/reuters/training/1440
new file mode 100644
index 0000000000000000000000000000000000000000..6bb2b2e924946ae815cfab88896509aeb0023304
--- /dev/null
+++ b/reuters/training/1440
@@ -0,0 +1,17 @@
+U.K. INTERVENTION BOARD DETAILS EC SUGAR SALES
+  A total 60,500 tonnes of current series
+  white sugar received export rebates of a maximum 43.147
+  European Currency Units (Ecus) per 100 kilos at today's
+  European Community (EC) tender, the U.K. Intervention Board
+  said.
+      Out of this, traders in the U.K. Received 43,500 tonnes, in
+  the Netherlands 12,000, in Denmark 4,000 and in West Germany
+  1,000 tonnes.
+      Earlier today, London and Paris traders said they expected
+  the subsidy for the current season whites campaign for licences
+  to end-July to be between 43.00 and 43.45 Ecus per 100 kilos.
+      They had also forecast today's total authorised sugar
+  tonnage export awards to be between 60,000 and 80,000 tonnes
+  versus 103,000 last week when the restitution was 43.699 Ecus.
+  
+
diff --git a/reuters/training/14402 b/reuters/training/14402
new file mode 100644
index 0000000000000000000000000000000000000000..f8694c7b5b71b05e049f20a181c9585577ddbd26
--- /dev/null
+++ b/reuters/training/14402
@@ -0,0 +1,6 @@
+CUMMINS ENGINE CO INC <CUM> SETS PAYOUT
+  Qtly div 55 cts vs 55 cts prior
+      Pay June 15
+      Record June 1
+  
+
diff --git a/reuters/training/14417 b/reuters/training/14417
new file mode 100644
index 0000000000000000000000000000000000000000..5cfeac2578c43a02bf6251222c4e1ce31e3bba61
--- /dev/null
+++ b/reuters/training/14417
@@ -0,0 +1,10 @@
+CENTRAL BANCSHARES <CBSS> 1ST QTR NET
+  Shr 52 cts vs 45 cts
+      Net 10.9 mln vs 9,498,000
+      Assets 3.60 billion vs 3.25 billion
+      Deposits 2.45 billion vs 2.23 billion
+      Loans 2.16 billion vs 1.67 billion
+      NOTE: full name of company is Central Bancshares of the
+  South Inc.
+  
+
diff --git a/reuters/training/14418 b/reuters/training/14418
new file mode 100644
index 0000000000000000000000000000000000000000..60b24be783ba1ed9c26ee0013007c19d82581026
--- /dev/null
+++ b/reuters/training/14418
@@ -0,0 +1,16 @@
+U.S. CERTIFIED COFFEE STOCKS DOWN IN LATEST WEEK
+  The amount of coffee stored in New York
+  and New Orleans warehouses and certified for delivery against
+  the New York Coffee "C" futures totalled 585,555 bags as of
+  April 3, compared with 585,794 bags the previous week, a net
+  decrease of 239 bags, the New York Coffee, Sugar and Cocoa
+  Exchange said.
+      The total comprised 392,845 bags in New York, an increase
+  of 261 bags, and 192,710 bags in New Orleans, a drop of 500
+  bags.
+      The exchange said there were nil bags pending
+  classification. There were 56,578 bags pending certification,
+  including 32,553 in New York and 24,025 in New Orleans, the
+  exchange said.
+  
+
diff --git a/reuters/training/14423 b/reuters/training/14423
new file mode 100644
index 0000000000000000000000000000000000000000..a53cbfd3e0f6c510f3385690ec9b6b22f3260388
--- /dev/null
+++ b/reuters/training/14423
@@ -0,0 +1,11 @@
+TEXTRON <TXT> PLANS SALE OF AVCO DIVISION
+  Textron Inc said it plans to
+  sell its Avco Specialty Materials Division as part of its debt
+  reduction and restructuring.
+      The company said it will use proceeds from the sale to
+  reduce the debt incurred by its acquisition of Ex-Cell-O Corp
+  last year.
+      Textron said Morgan Stanley and Co will represent it in the
+  sale.
+  
+
diff --git a/reuters/training/14427 b/reuters/training/14427
new file mode 100644
index 0000000000000000000000000000000000000000..39440a73e3e08b69aafcb15f78be815b0a233e00
--- /dev/null
+++ b/reuters/training/14427
@@ -0,0 +1,9 @@
+GREEN TREE ACCEPTANCE INC <GNT> 1ST QTR NET
+  Shr 50 cts vs 40 cts
+      Net 9,421,000 vs 9,312,000
+      Rev 37.7 mln vs 36.3 mln
+      Avg shrs 17,049,920 vs 21,173,570
+      NOTE: Per-share results adjusted for two-for-one common
+  stock split in June 1986
+  
+
diff --git a/reuters/training/14434 b/reuters/training/14434
new file mode 100644
index 0000000000000000000000000000000000000000..50eb26365ffd407ffe4024e685ece3e774b19197
--- /dev/null
+++ b/reuters/training/14434
@@ -0,0 +1,49 @@
+U.S. IMMIGRATION RULES SPARK CONGRESS OBJECTIONS
+  New immigration rules relating to
+  alien farm workers and reportedly being drafted by the U.S.
+  Agriculture Department are meeting with objections in Congress,
+  sources on Capitol Hill said.
+      USDA is drafting regulations, required by a 1986 law, that
+  would offer amnesty to illegal aliens if they worked in the
+  cultivation of fruits, vegetables and other perishable
+  commodities.
+      The department is considering including in its definition
+  of perishable commodities such farm products as tobacco, hops,
+  Spanish reeds and Christmas trees, while excluding sugar cane,
+  the New York Times reported yesterday.
+      Rep. Howard Berman, D-Calif., would like to see the
+  definition extended to include sugar cane, cultivation of which
+  is "a breeding ground for one of the scandals of the nation,"
+  Gene Smith, a spokesman for Berman, said.
+      Livestock, dairy and poultry producers have been lobbying
+  USDA hard to have their products covered by the amnesty
+  provision, farm industry sources said.
+      Chuck Fields of the American Farm Bureau Federation said
+  livestock producers were "desperate" because they fear they will
+  be unable to retain the many illegal aliens who have joined
+  that industry.
+      A House staff member involved in drafting the landmark 1986
+  immigration law who asked not to be identified said Congress
+  did not mean to extend special amnesty provisions to workers
+  who helped cultivate tobacco, and that inclusion of hops and
+  Spanish reeds was "marginal."
+      In addition, lawmakers made it clear during consideration
+  of the bill that lumber workers were not to be covered by the
+  the amnesty provisions, making the inclusion of Christmas trees
+  "a tough call," this source said.
+      USDA officials declined to comment on the draft regulation
+  except to say it was subject to change before it will be
+  released, probably some time later this month.
+      While lawmakers may object to the USDA rule under
+  consideration relating to perishable commodities, Congress is
+  not likely to reopen debate on the controversial immigration
+  question, congressional sources said.
+      The amnesty provision specially designed for farm workers
+  was crucial to passage of the overall immigration bill.
+      Congressional staff members estimate the special farm
+  worker amnesty provision would apply to between 250,000 to
+  350,000 aliens. The law would allow eligible farm workers who
+  worked for 90 days during the year ending May 1, 1986, to apply
+  for temporary, then permanent, resident status.
+  
+
diff --git a/reuters/training/1444 b/reuters/training/1444
new file mode 100644
index 0000000000000000000000000000000000000000..13a2149794cb49a867923ebda4246bb77a654df9
--- /dev/null
+++ b/reuters/training/1444
@@ -0,0 +1,11 @@
+JAPAN FIRM DEVELOPS ULTRA HEAT-RESISTING RUBBER
+  Shin-Etsu Chemical Co Ltd said it had
+  developed an ultra thermal resistance rubber which can be used
+  at 250 centigrade continuously without losing its properties.
+      Shin-Etsu put potential demand for the product at two
+  tonnes a month mainly for microwave ovens and as a sealant.
+      But increasing use of the product in parts attached to car
+  engines will raise demand and the company will boost output to
+  10 tonnes by March 1988 from two now, he said.
+  
+
diff --git a/reuters/training/14440 b/reuters/training/14440
new file mode 100644
index 0000000000000000000000000000000000000000..65f66e342519348ff19cd32db882b8808506912d
--- /dev/null
+++ b/reuters/training/14440
@@ -0,0 +1,24 @@
+CUBA CRUDE SUGAR HARVEST FAR BEHIND SCHEDULE
+  Cuban president Fidel Castro told a
+  Congress of the Union of Young Communists here that the
+  production of crude sugar during the harvest still in progress
+  is 800,000 tonnes behind schedule.
+      In a speech Sunday, published in today's official paper
+  GRANMA, Castro said unseasonable rains since January seriously
+  interrupted harvesting and milling operations especially in the
+  central and western parts of the island.
+      The Cuban leader said the mechanical cane harvesters
+  scheduled to cut over 60 pct of the cane this year were
+  particularly "vulnerable," as muddy fields prevent operations.
+      Neither Castro nor the Cuban press have given out figures
+  to estimate tonnes of crude production during the present
+  harvest or the goals for the sugar campaign.
+      However, a cuban sugar official told Reuters that the
+  country will be lucky if crude output reaches last year's 7.2
+  mln tonnes. Output of crude for the previous 1984-85 harvest
+  was 8.2 mln tonnes.
+      The harvest was scheduled to end April 30 but due to the
+  present shortfalls it will be extended into May and June, the
+  official said.
+  
+
diff --git a/reuters/training/1445 b/reuters/training/1445
new file mode 100644
index 0000000000000000000000000000000000000000..45abfb0bf682f916d0e1204e80a9d0831107612c
--- /dev/null
+++ b/reuters/training/1445
@@ -0,0 +1,16 @@
+CASTLE AND COOKE INC <CKE> 4TH QTR LOSS
+  Shr loss 76 cts vs loss 21 cts
+      Net loss 31.9 mln vs loss 3,288,000
+      Revs 380.2 mln vs 311.5 mln
+      Avg shrs 47.1 mln vs 41.2 mln
+      Year
+      Shr profit 56 cts vs profit 56 cts
+      Net profit 43,925,000 vs profit 46,433,000
+      Rev 1.74 billion vs 1.60 billion
+      Avg shares 43,602,000 vs 41,014,000
+      NOTE: Fourth quarter includes after tax loss from
+  discontinued Flexi-Van operations of 33.9 mln dlrs. Primary
+  earnings per share data calculated after deducting preferred
+  dividend requirements.
+  
+
diff --git a/reuters/training/1446 b/reuters/training/1446
new file mode 100644
index 0000000000000000000000000000000000000000..693e5807c4bb37deec69612712dcf1022524a942
--- /dev/null
+++ b/reuters/training/1446
@@ -0,0 +1,12 @@
+VOICEMAIL INTERNATIONAL INC 4TH QTR LOSS
+  Shr loss 21 cts vs loss 14 cts
+      Net loss 838,069 vs loss 433,875
+      Revs 1,080,068 vs 1,793,398
+      Avg shrs 4,004,826 vs 3,172,537
+      12 mths
+      Shr loss 39 cts vs 11 cts
+      Net loss 1,387,500 vs loss 334,463
+      Revs 6,456,882 vs 5,605,680
+      Avg shrs 3,542,217 vs 3,071,456
+  
+
diff --git a/reuters/training/14469 b/reuters/training/14469
new file mode 100644
index 0000000000000000000000000000000000000000..a1256e940c2a15b9f4b542e1349e498cd776bd5b
--- /dev/null
+++ b/reuters/training/14469
@@ -0,0 +1,5 @@
+AVON SAYS IT TO BUY GIORGIO INC, A FRAGRANCE COMPANY, FOR 185 MLN DLRS
+
+  AVON SAYS IT TO BUY GIORGIO INC, A FRAGRANCE COMPANY, FOR 185 MLN DLRS
+  
+
diff --git a/reuters/training/14476 b/reuters/training/14476
new file mode 100644
index 0000000000000000000000000000000000000000..002b391760ccb41e991e54367aaa7a56ac133c29
--- /dev/null
+++ b/reuters/training/14476
@@ -0,0 +1,6 @@
+MAGMA LOWERS COPPER PRICE 0.50 CT TO 65.50 CTS
+  Magma Copper Co, a subsidiary of
+  Newmont Mining Corp, said it is lowering its copper cathode
+  price by 0.50 cent to 65.50 cents a lb, effective immediately.
+  
+
diff --git a/reuters/training/14483 b/reuters/training/14483
new file mode 100644
index 0000000000000000000000000000000000000000..d6ba1bf88cf342050a10cb5a6ea5b073c1a2739f
--- /dev/null
+++ b/reuters/training/14483
@@ -0,0 +1,16 @@
+IRAQ CCC CREDIT GUARANTEES SWITCHED - USDA
+  The Commodity Credit Corporation
+  (CCC) has transferred 21.0 mln dlrs in credit guarantees
+  previously earmarked for sales of U.S. corn and 5.0 mln dlrs
+  for sales of oilseeds to increase available coverage on sales
+  of U.S. poultry meat to Iraq, the U.S. Agriculture Department
+  said.
+      The department said the action was taken at the request of
+  Iraq's State Trade Organization for Grains and Foodstuffs.
+      The guarantee line for sales of corn has been reduced from
+  78.0 mln dlrs to 57.0 mln and the line for oilseeds from 5.0
+  mln dlrs to zero.
+      The guarantee line for sales of frozen poultry has been
+  increased from 30.0 mln dlrs to 56.0 mln dlrs, USDA said.
+  
+
diff --git a/reuters/training/14485 b/reuters/training/14485
new file mode 100644
index 0000000000000000000000000000000000000000..634a8fcae4b54d37c44ab3b8a89b896fca5c109f
--- /dev/null
+++ b/reuters/training/14485
@@ -0,0 +1,21 @@
+AVON PRODUCTS <AVP> TO BUY GIORGIO FOR 185 MLN
+  Avon Products Inc said it reached an
+  agreement in principle to purchase <Giorgio Inc>, a fragrance
+  company, for 185 mln dlrs in cash.
+      Giorgio's annual revnues are more than 100 mln dlrs, Avon
+  said. The acquisition has been approved by Avon's board, with
+  the closing set for May 7.
+      The transaction would have no impact on Avon's current
+  dividend rate, it said.
+      Giorgio's boutique in Beverly Hills, Calif., will be sold
+  back to Fred Hayman, one of the shareholders, who will continue
+  to operate it independently, Avon said.
+      Avon said it identified Giorgio more than a year ago as a
+  preferred acquisition candidate. It said it is launching a
+  prestige fragrance developed in conjunction with Catherine
+  Deneuve this spring.
+      Giorgio will be operated as a separate subsidiary, Avon
+  said, and would not compete with Avon's direct selling beauty
+  products business.
+  
+
diff --git a/reuters/training/1449 b/reuters/training/1449
new file mode 100644
index 0000000000000000000000000000000000000000..db87f4edd73040b354fc255c57c850d37262a74b
--- /dev/null
+++ b/reuters/training/1449
@@ -0,0 +1,18 @@
+MOLECULAR GENETICS INC <MOGN> 4TH QTR LOSS
+  Oper shr loss 22 cts vs loss 13 cts
+      Oper net loss 1,712,916 vs loss 769,539
+      Revs 2,292,972 vs 2,157,895
+      Avg shrs 7,961,602 vs 6,200,293
+      Year
+      Oper shr loss 53 cts vs loss 45 cts
+      Oper net loss 3,562,151 vs 2,543,366
+      Revs 9,117,311 vs 8,251,136
+      Avg shrs 7,169,871 vs 6,186,51
+      NOTE: Current year net both periods excludes charge 430,649
+  dlrs from cumulative effect of accounting change for patents.
+      1986 net both periods includes charge of about 458,000 dlrs
+  from severance obligations.
+      1986 year net includes charge 156,000 dlrs from writeoff of
+  seed commitments.
+  
+
diff --git a/reuters/training/14491 b/reuters/training/14491
new file mode 100644
index 0000000000000000000000000000000000000000..eda33828297304ca17fbb04b2abb40675cef84c2
--- /dev/null
+++ b/reuters/training/14491
@@ -0,0 +1,16 @@
+HONDURAS SEEKING PL-480 VESSELS FOR BULK WHEAT
+  Honduras will tender April 13 under
+  Public Law 480 for U.S. and non-U.S. flag vessels to deliver
+  approximately 52,500 tonnes of various wheats in bulk, an agent
+  for the country said.
+      The agent said deliveries of northern spring/dns wheat will
+  include laydays of July 1-10 for 7,500-9,500 tonnes, August
+  1-10 for 8,000-10,000 tonnes, and September 15-25 for
+  12,500-14,500 tonnes.
+      Deliveries of hard red winter wheat will have laydays of
+  June 20-30 for 5,000-7,000 tonnes, July 15-25 for 6,500-8,500
+  tonnes, and September 15-25 for 7,000-9,000 tonnes.
+      Offers are due by 1200 hrs EDT, April 13, and will remain
+  valid until the close of business April 14, the agent said.
+  
+
diff --git a/reuters/training/14499 b/reuters/training/14499
new file mode 100644
index 0000000000000000000000000000000000000000..002b391760ccb41e991e54367aaa7a56ac133c29
--- /dev/null
+++ b/reuters/training/14499
@@ -0,0 +1,6 @@
+MAGMA LOWERS COPPER PRICE 0.50 CT TO 65.50 CTS
+  Magma Copper Co, a subsidiary of
+  Newmont Mining Corp, said it is lowering its copper cathode
+  price by 0.50 cent to 65.50 cents a lb, effective immediately.
+  
+
diff --git a/reuters/training/145 b/reuters/training/145
new file mode 100644
index 0000000000000000000000000000000000000000..6580cc973dfd20d40da3496deefd8f1f5d185799
--- /dev/null
+++ b/reuters/training/145
@@ -0,0 +1,23 @@
+CENERGY <CRG> REPORTS 4TH QTR NET PROFIT
+  Cenergy Corp reported fourth quarter net
+  income of 790,000 dlrs or seven cts per share on revenues of
+  7.7 mln dlrs.
+      For the year it reported a net loss of 6.5 mln dlrs or 70
+  cts per share as a result of writedowns in the book value of
+  its oil and gas properties in the first two quarters. Revenues
+  were 37 mln dlrs.
+      Following the company's fiscal year ended March 31, 1985,
+  it changed to a calender year end.
+      For the nine months ended Dec 31, 1985, it reported a loss
+  of 63.4 mln dlrs or 6.54 dlrs per share on revenues of 47.6 mln
+  dlrs, which it said was a result of noncash writedowns of oil
+  and gas properties.
+      For the year ended March 31, 1985, Cenergy reported net
+  income of 3,705,000 dlrs or 36 cts per share on revenues of 71
+  mln dlrs.
+      The company said its reserves during the year fell to five
+  mln barrels from 6.4 mln barrels of oil and to 60.1 bilion
+  cubic feet of gas from 63.7 BCF. It said these reserves did not
+  disappear but are available to produce as prices recover.
+  
+
diff --git a/reuters/training/14504 b/reuters/training/14504
new file mode 100644
index 0000000000000000000000000000000000000000..4030a5207d29b62eb8c1b53e6126ab171f4cff57
--- /dev/null
+++ b/reuters/training/14504
@@ -0,0 +1,22 @@
+GENCORP <GY> SAYS BUYBACK BETTER THAN TAKEOVER
+  GenCorp Inc said the decision by
+  General Partners, comprised of AFG Industries and Wagner and
+  Brown, to end its hostile offer for the company supports its
+  belief that the buy back offer it announced yesterday was a
+  "financially superior alternative."
+      GenCorp said it would annouce details of its plans to buy
+  back 54 pct of its stock for 1.6 billion dlrs, or 130 dlrs a
+  share, later this week. GenCorp's buy back was made to fend off
+  the hostile 2.3 billion dlr, 100-dlr-a-share, tender offer by
+  AFG and Wagner and Brown.
+      Earlier today AFG and Wagner and Brown said that without
+  the benefit of additional information available to GenCorp's
+  management, it cannot compete economically with GenCorp's
+  proposal.
+      The group said it is ending its tender offer for GenCorp
+  and promptly return to tendering shareholders all shares
+  tendered pursuant to its offer.
+      The group owns 9.8 pct, or 2,180,608 shares, of GenCorp's
+  outstanding shares.
+  
+
diff --git a/reuters/training/14506 b/reuters/training/14506
new file mode 100644
index 0000000000000000000000000000000000000000..91379fc443e85c724aeb931e40578156de37d33b
--- /dev/null
+++ b/reuters/training/14506
@@ -0,0 +1,10 @@
+BERRY PETROLEUM, NORRIS OIL <NOIL> TO MERGE
+  Berry Petroleum Co said its board
+  and the Norris Oil Co board approved a merger agreement that
+  calls for Norris to become a wholly-owned Berry subsidiary.
+      Berry, a privately-owned company which already owns 80.6
+  pct of Norris Oil's stock, said the agreement calls for Norris'
+  public shareholders to receive 0.0333 Berry common shares for
+  each Norris share held.
+  
+
diff --git a/reuters/training/14509 b/reuters/training/14509
new file mode 100644
index 0000000000000000000000000000000000000000..d43cb583f43d23d9f4404e5a647a2592d0cc300c
--- /dev/null
+++ b/reuters/training/14509
@@ -0,0 +1,17 @@
+CCC CREDITS FOR BANGLADESH AMENDED - USDA
+  The Commodity Credit Corporation
+  (CCC) has reallocated 5.0 mln dlrs in credit guarantees
+  previously earmarked for sales of U.S. wheat to provide
+  coverage for sales of U.S. vegetable oil to Bangladesh, the
+  U.S. Agriculture Department said.
+      USDA said the action was taken at the request of the
+  Bangladesh government and reduces the guarantee line authorized
+  for wheat sales from 25.0 mln dlrs to 20.0 and creates a new
+  line of 5.0 mln dlrs for vegetable oils.
+      To be eligible for coverage under the CCC's Intermediate
+  Export Credit Program, credit terms must be in excess of three
+  years, but not more than seven years.
+      All sales covered by the credit guarantees must be
+  registered and shipped by September 30, 1987, USDA said.
+  
+
diff --git a/reuters/training/14512 b/reuters/training/14512
new file mode 100644
index 0000000000000000000000000000000000000000..5b46ee5bfd8b92d9cde1f2d1a67c30ca8d4ba744
--- /dev/null
+++ b/reuters/training/14512
@@ -0,0 +1,13 @@
+CCC SEED CREDIT GURANTEES FOR ALGERIA - USDA
+  The Commodity Credit Corporation
+  (CCC) has authorized 2.0 mln dlrs in credit guarantees to cover
+  sales of seeds for planting to Algeria, the U.S. Agriculture
+  Department said.
+      The department said the additional guarantees increase the
+  cumulative fiscal year 1987 program for sales of U.S.
+  agricultural products to Algeria to 466.0 mln dlrs.
+      To be eligible under the new seed credit guarantees, all
+  sales must be registered by September 30, 1987, and shipped by
+  December 31, 1987, USDA said.
+  
+
diff --git a/reuters/training/14515 b/reuters/training/14515
new file mode 100644
index 0000000000000000000000000000000000000000..857a6872f750ddc1c05e764a59160b14b6987180
--- /dev/null
+++ b/reuters/training/14515
@@ -0,0 +1,15 @@
+USDA ANNOUNCES WORLD MARKET RICE PRICES
+  The U.S. Agriculture Department
+  announced the following prevailing world market prices of rice
+  on a loan-rate basis, with previous prices --
+      -- Long grain whole kernels 5.87 cts per lb vs 5.70
+      -- Medium grain whole kernels 5.28 cts per lb vs 5.12
+      -- Short grain whole kernels  5.22 cts per lb vs 5.06
+      -- Broken kernels 2.94 cts per lb vs 2.85
+      The repayment rate for 1986-crop warehouse or farm-stored
+  rice loans are the higher of the world price or 50 pct of the
+  loan rate of 7.20 dlrs per cwt.
+      The prices will remain in effect for a week, but new prices
+  could be announced earlier if warranted, USDA said.
+  
+
diff --git a/reuters/training/14516 b/reuters/training/14516
new file mode 100644
index 0000000000000000000000000000000000000000..387a60a54b48d2411777907d4ebb6cb51eadfc74
--- /dev/null
+++ b/reuters/training/14516
@@ -0,0 +1,6 @@
+TOTAL SYSTEM SERVICES INC <TSYS> 1ST QTR NET
+  Shr nine cts vs seven cts
+      Net 1,356,000 vs 1,041,000
+      Revs 9.7 mln vs 8.4 mln
+  
+
diff --git a/reuters/training/14517 b/reuters/training/14517
new file mode 100644
index 0000000000000000000000000000000000000000..21cd1e6f3f959810f7e82936202e04fe54f30f28
--- /dev/null
+++ b/reuters/training/14517
@@ -0,0 +1,6 @@
+HUBCO INC <HCO> 1ST QTR NET
+  Shr 38 cts vs 30 cts
+      Net 1,356,754 vs 1,048,340
+      Assets 448.5 mln vs 407.4 mln
+  
+
diff --git a/reuters/training/1452 b/reuters/training/1452
new file mode 100644
index 0000000000000000000000000000000000000000..61d10518908426d5946cce1e9486784c6c3f0a29
--- /dev/null
+++ b/reuters/training/1452
@@ -0,0 +1,10 @@
+MERRIMAC INDUSTRIES INC <MMAC> 4TH QTR NET
+  Shr five cts vs 29 cts
+      Net 92,641 vs 466,668
+      Sales 4,448,011 vs 4,122,301
+      Year
+      Shr 34 cts vs 1.16 dlrs
+      Net 553,310 vs 1,864,417
+      Sales 16.3 mln vs 16.7 mln
+  
+
diff --git a/reuters/training/14524 b/reuters/training/14524
new file mode 100644
index 0000000000000000000000000000000000000000..34b7aacc93a57a3990ddf86b39e521106aab8b5e
--- /dev/null
+++ b/reuters/training/14524
@@ -0,0 +1,11 @@
+<WILDERNESS EXPERIENCE INC> 4TH QTR LOSS
+  Period ended Jan 31
+      Shr loss three cts vs loss two cts
+      Net loss 183,500 vs loss 163,800
+      Sales 608,800 vs 1,156,100
+      Year
+      Shr loss 16 cts vs loss 21 cts
+      Net loss 1,128,600 vs loss 1,081,600
+      Sales 3,811,200 vs 6,968,700
+  
+
diff --git a/reuters/training/14525 b/reuters/training/14525
new file mode 100644
index 0000000000000000000000000000000000000000..c3fb0213b5d793cb807d6640603b87df44c47978
--- /dev/null
+++ b/reuters/training/14525
@@ -0,0 +1,6 @@
+TOTAL SYSTEMS SERVICES <TSYS> 1ST QTR NET
+  Shr nine cts vs seven cts
+      Net 1,356,000 vs 1,041,000
+      Revs 9,729,000 vs 8,367,000
+  
+
diff --git a/reuters/training/14537 b/reuters/training/14537
new file mode 100644
index 0000000000000000000000000000000000000000..8524967a5b1dfbde8162e373b4038fde72c7b895
--- /dev/null
+++ b/reuters/training/14537
@@ -0,0 +1,14 @@
+BERMUDA STAR <BSL> LEASES VESSEL
+  Bermuda Star Line Inc said it has
+  leased a 23,500 ton passenger vessel from Orley Shipping Co
+  Inc, of Liberia for a term with options extending for 15 years.
+      The vessel, SS Liberte, will be renamed the Canadian Star
+  and will be used for cruises to Montreal from New York,
+  beginning in June.
+      Orley SHipping is partially owned by Common Brothers PLC, a
+  U.K. maritime firm which owns 60 pct of Bermuda Star's shares
+  and arranged debt financing for the ship's purchase.
+      Orley acquired the vessel from Banstead Shipping Ltd. Terms
+  were not disclosed.
+  
+
diff --git a/reuters/training/14539 b/reuters/training/14539
new file mode 100644
index 0000000000000000000000000000000000000000..77e901a56491894fff94a389e5a9d0af68cbbc5b
--- /dev/null
+++ b/reuters/training/14539
@@ -0,0 +1,9 @@
+PREMDOR PLANS TWO-FOR-ONE STOCK SPLIT
+  <Premdor Inc> said it planned a
+  two-for-one common stock split, subject to shareholder approval
+  at the May 4 annual meeting.
+      It said the split, if approved, would take effect on May
+  20.
+      Premdor manufactures and sells wood doors.
+  
+
diff --git a/reuters/training/14540 b/reuters/training/14540
new file mode 100644
index 0000000000000000000000000000000000000000..cb33e5163626315d80006ae95477313e6a5b2f9e
--- /dev/null
+++ b/reuters/training/14540
@@ -0,0 +1,16 @@
+TELETRAK ADVANCED TECHNOLOGY 4TH QTR LOSS
+  Shr loss two cts vs loss two cts
+      Net loss 183,597 vs loss 136,990
+      Rev 36,600 vs 61,763
+      Avg shares 12,355,000 vs 9,205,000
+      Year
+      Shr loss five cts vs loss five cts
+      Net loss 571,336 vs loss 416,595
+      Rev 103,327 vs 61,763
+      Avg shares 12,355,000 vs 8,705,000
+      NOTE: Company's full name is <Teletrak Advanced Technology
+  Systems Inc and it is a unit of Helm Resources <H>. 1985 net
+  loss includes loss from discontinued operations of 278,156
+  dlrs.
+  
+
diff --git a/reuters/training/14542 b/reuters/training/14542
new file mode 100644
index 0000000000000000000000000000000000000000..9cd2a65d031e464e6d6c61e1033dbecbf2e374e3
--- /dev/null
+++ b/reuters/training/14542
@@ -0,0 +1,10 @@
+CANNON <CAN> SELLS STAKE IN HBO/CANNON VENTURE
+  Cannon Group Inc said it agreed in
+  principle to sell its 50 pct interest in the HBO/Cannon Video
+  joint venture to the Home Box Office unit of Time Inc <TL>.
+      The company said it is making the sale because in the near
+  future all of its video products will be licensed in the United
+  States and Canada to either the Warner Brothers unit of Warner
+  Communications Inc <WCI>, or to Media Home Entertainment.
+  
+
diff --git a/reuters/training/14544 b/reuters/training/14544
new file mode 100644
index 0000000000000000000000000000000000000000..414c49dd9ade222d3919bc49b4c5ce378d3a32d3
--- /dev/null
+++ b/reuters/training/14544
@@ -0,0 +1,9 @@
+HOUSTON OIL TRUST <HO> HALTS ROYALTIES
+  Houston Oil Trust said there will be no
+  royalty funds available for distribution to unit holders in
+  April.
+      It also said that based on recent independent petroleum
+  engineers' estimates of Oct 31, 1986, there may be no amounts
+  avialable for distribution the rest of the year.
+  
+
diff --git a/reuters/training/14545 b/reuters/training/14545
new file mode 100644
index 0000000000000000000000000000000000000000..c5a68dfd2ffa9591056521b08f9e6d2e4d81ec15
--- /dev/null
+++ b/reuters/training/14545
@@ -0,0 +1,6 @@
+UPPER PENINSULA POWER CO <UPEN> SETS PAYOUT
+  Qtly dividend 52-1/2 cts vs 52-1/2 cts
+      Pay May one
+      record April 17
+  
+
diff --git a/reuters/training/14547 b/reuters/training/14547
new file mode 100644
index 0000000000000000000000000000000000000000..356404d846197f0e965c163c73671a6d625089c6
--- /dev/null
+++ b/reuters/training/14547
@@ -0,0 +1,6 @@
+ITT CORP <ITT> DECLARES DIVIDEND
+  Qtly div 25 cts vs 25 cts prior
+      Pay July 1
+      Record May 7
+  
+
diff --git a/reuters/training/14549 b/reuters/training/14549
new file mode 100644
index 0000000000000000000000000000000000000000..708bd79287faec440bc2fc6cd6c9c7fbfede0146
--- /dev/null
+++ b/reuters/training/14549
@@ -0,0 +1,6 @@
+PACIFIC LIGHTING CORP <PLT> QTLY DIVIDEND
+  Shr 87 cts vs 87 cts prior qtr
+      Pay May 15
+      Record April 20
+  
+
diff --git a/reuters/training/14550 b/reuters/training/14550
new file mode 100644
index 0000000000000000000000000000000000000000..e98988986b0cd5971ee6ea325632561f97c5c979
--- /dev/null
+++ b/reuters/training/14550
@@ -0,0 +1,6 @@
+STALEY CONTINENTAL <STA> REGULAR DIVIDEND SET
+  Qtly div 20 cts vs 20 cts previously
+      Pay June Eight
+      Record May 22
+  
+
diff --git a/reuters/training/14551 b/reuters/training/14551
new file mode 100644
index 0000000000000000000000000000000000000000..5c693d0fdf9deca8a052363ef11cb8f10b558108
--- /dev/null
+++ b/reuters/training/14551
@@ -0,0 +1,6 @@
+ITT CORP <ITT> REGULAR QTRLY DIVIDEND
+  Qtly div 25 cts vs 25 cts prior
+      Payable July one
+      Record May 7
+  
+
diff --git a/reuters/training/14558 b/reuters/training/14558
new file mode 100644
index 0000000000000000000000000000000000000000..31130fd39c53b31d11de8f3d18cab07956a060fd
--- /dev/null
+++ b/reuters/training/14558
@@ -0,0 +1,9 @@
+SUN <SUN> RAISES HEATING OIL BARGE PRICE
+  Sun Co's Sun Refining and Marketing Co
+  subsidiary said it raised the price it charges contract barge
+  customers for heating oil in New York harbor by 0.50 cent a
+  gallon, effective today.
+      The increase brings the contract barge price to 50.50 cts a
+  gallon, Sun said.
+  
+
diff --git a/reuters/training/1456 b/reuters/training/1456
new file mode 100644
index 0000000000000000000000000000000000000000..949b8daf0f29c774c02c40d9c42fec04f4049f33
--- /dev/null
+++ b/reuters/training/1456
@@ -0,0 +1,46 @@
+B.C. RESOURCES HAS AGREEMENT ON CREDIT FACILITY
+  <British Columbia
+  Resources Investment Corp>, earlier reporting higher full year
+  operating losses, said it reached agreement in principle with
+  five lenders providing for a 360 mln dlr credit facility over a
+  four year term.
+      The company said the credit facility is extendable under
+  certain circumstances, with annual principal payments of five
+  mln dlrs. The agreement is subject to certain lender approvals
+  and completion of formal documentation.
+      It earlier reported 1986 losses before extraordinary items
+  rose to 26.4 mln dlrs from year-ago 7.2 mln dlrs.
+      B.C. Resources also said dividends on its series 2
+  preferred shares and exchangeable preferred shares will remain
+  suspended.
+      However, payment will be made on account of the quarterly
+  dividend on the exchangeable preferred shares by the company's
+  trustee from a deposit account, B.C. Resources said.
+      Sufficient funds should be available to pay full amount of
+  the March 31, 1987 dividend to exchangeable preferred
+  shareholders, with payment expected in early April to
+  shareholders of record March 31, the company said.
+      If future dividends are not declared after the April
+  exchangeable preferred quarterly payout, future payment will
+  depend on the amount of dividends received from Westcoast
+  Transmission Co <WTC>, B.C. Resources said.
+      The company said its increased fourth quarter and full year
+  operating losses primarily resulted from lower oil prices and a
+  four month labor shutdown at its Balmer coal mine in British
+  Columbia.
+      B.C. Resources also recorded a 99.9 mln dlr extraordinary
+  loss, which included losses on disposition of North Sea oil and
+  gas interests by 67 pct owned <Westar Mining Ltd>.
+      B.C. Resources' 1986 extraordinary charge also included a
+  writedown of its investment in Westar Petroleum. Gains on the
+  sales of Westar Timber's Skeena and Celgar pulp mills and
+  Terrace sawmill partially offset the extraordinary loss, the
+  company said.
+      The company said the asset sales have eliminated B.C.
+  Resources' long term financing commitment in the North Sea and
+  exposure to the fluctuating pulp market.
+      It also said it cut long term debt in 1986 to 900 mln dlrs
+  from 1.3 billion dlrs at year-end 1985, and management changes
+  and staff cuts have significantly reduced costs.
+  
+
diff --git a/reuters/training/14563 b/reuters/training/14563
new file mode 100644
index 0000000000000000000000000000000000000000..f6e71fcf2cc04ce52ee615a3e004bfa617514bff
--- /dev/null
+++ b/reuters/training/14563
@@ -0,0 +1,7 @@
+SPORTSCENE ACQUIRES CHRISTOPHE VAN HOUTTE CHAIN
+  (Sportscene Restaurants Inc) said it
+  acquired (Cafe Christophe Van Houtte Inc), a cafe chain with
+  ten franchises and one corporate restaurant, for an unspecified
+  amount of cash and Sportscene shares.
+  
+
diff --git a/reuters/training/14566 b/reuters/training/14566
new file mode 100644
index 0000000000000000000000000000000000000000..ebb0e813188e07cd9eb96a3fc34f393c97040fd9
--- /dev/null
+++ b/reuters/training/14566
@@ -0,0 +1,5 @@
+U.S. CONSUMER CREDIT ROSE 1.77 BILLION DLRS IN FEB VS REVISED 789 MLN JAN GAIN
+
+  U.S. CONSUMER CREDIT ROSE 1.77 BILLION DLRS IN FEB VS REVISED 789 MLN JAN GAIN
+  
+
diff --git a/reuters/training/14569 b/reuters/training/14569
new file mode 100644
index 0000000000000000000000000000000000000000..dcb2baa894a50a9cb19ca673d14d6728f9dce751
--- /dev/null
+++ b/reuters/training/14569
@@ -0,0 +1,16 @@
+RONSON CORP <RONC> 4TH QTR DEC 31
+  Shr loss 21 cts vs loss seven cts
+      Net loss 971,000 vs loss 318,000
+      Revs 8.3 mln vs 9.2 mln
+      Year
+      Shr loss 43 cts vs profit 14 cts
+      Net loss 1.9 mln vs profit 606,000
+      Revs 32.5 mln vs 31.9 mln
+      NOTE:1986 loss includes reserves of 329,000, 1985 includes
+  tax benefit of 352,000, 96,000, and 570,000 dlrs.1986 4th qtr
+  includes 850,000 dlrs writedowns, 499,000 dlr gain from sale.
+      1985 net includes extraordinary items of 108,000 and gain
+  on sale of 1.6 mln dlrs , tax carryforward gain of 246,000
+  dlrs.
+  
+
diff --git a/reuters/training/1457 b/reuters/training/1457
new file mode 100644
index 0000000000000000000000000000000000000000..38e6f9345d2378d94f146375f7022ae9be359690
--- /dev/null
+++ b/reuters/training/1457
@@ -0,0 +1,8 @@
+U.K. MONEY MARKET GIVEN 85 MLN STG LATE HELP
+  The Bank of England said it had provided
+  the money market with late assistance of around 85 mln stg.
+      This brings the bank total help so far today to some 87 mln
+  stg and compares with its latest forecast of a 250 mln stg
+  shortage in the system today.
+  
+
diff --git a/reuters/training/14572 b/reuters/training/14572
new file mode 100644
index 0000000000000000000000000000000000000000..76efc2e1cd730f6aafb2cd76f73b30bef886d299
--- /dev/null
+++ b/reuters/training/14572
@@ -0,0 +1,20 @@
+WESTMIN TO RAISE MYRA FALLS CAPACITY BY 33 PCT
+  Westmin Resources Ltd said it
+  plans to increase capacity at its Myra Falls, British Columbia,
+  base and precious metal mine and mill complex by 33 pct to
+  4,400 short tons of ore a day, subject to regulatory approvals.
+      The company said the expansion will cost about 24 mln dlrs
+  and could be in operation by 1988.
+      Economies of scale from the expansion should pay back net
+  expansion cost in less than one year, Westmin said.
+      The Myra Falls complex processed 3,257 tons of ore a day
+  during 1986. Myra Falls 1986 production was 44,000 ounces of
+  gold, 966,266 ounces of silver, 45.5 mln lbs of copper, 96.2
+  mln lbs of zinc and 777,000 lbs of lead, a company spokesman
+  said.
+      Myra Falls 1986 production was 44,000 ounces of gold,
+  966,266 ounces of silver, 45.5 mln pounds of copper, 96.2 mln
+  pounds of zinc and 777,000 pounds of lead, a company spokesman
+  said.
+  
+
diff --git a/reuters/training/14573 b/reuters/training/14573
new file mode 100644
index 0000000000000000000000000000000000000000..08503d3e571bac0f36c2b2c49f04c4e401e1e4e6
--- /dev/null
+++ b/reuters/training/14573
@@ -0,0 +1,12 @@
+TREASURY BALANCES AT FED ROSE ON APRIL 6
+  Treasury balances at the Federal
+  Reserve rose on April 6 to 4.262 billion dlrs from 3.876
+  billion dlrs on the previous business day, the Treasury said in
+  its latest budget statement.
+      Balances in tax and loan note accounts fell to 4.950
+  billion dlrs from 5.004 billion dlrs on the same respective
+  days.
+      The Treasury's operating cash balance totaled 9.212 billion
+  dlrs on April 6 compared with 8.880 billion dlrs on April 3.
+  
+
diff --git a/reuters/training/14582 b/reuters/training/14582
new file mode 100644
index 0000000000000000000000000000000000000000..07ce1b331f4ba1bba0c646fec58ab718467af301
--- /dev/null
+++ b/reuters/training/14582
@@ -0,0 +1,8 @@
+MANUFACTURERS <MHC> IN BUILDING FORECLOSURE
+  Manufacturers Hanover Corp said its OFP
+  Inc unit acquired a Dallas office building through foreclosure.
+      The company said it foreclosed on the Allied Bank Tower, a
+  1.2 mln-square-feet office building at One Fountain Place,
+  Dallas.
+  
+
diff --git a/reuters/training/14586 b/reuters/training/14586
new file mode 100644
index 0000000000000000000000000000000000000000..88eaf989d0216b62407f89725e951807e68d6580
--- /dev/null
+++ b/reuters/training/14586
@@ -0,0 +1,6 @@
+HI-SHEAR INDUSTRIES INC <HSI> SETS PAYOUT
+  Qtrly div 11 cts vs 11 cts prior
+      Pay April 28
+      Record April 20
+  
+
diff --git a/reuters/training/14587 b/reuters/training/14587
new file mode 100644
index 0000000000000000000000000000000000000000..4973f96bd23b32632d580ec405d27b6bb5dfd5db
--- /dev/null
+++ b/reuters/training/14587
@@ -0,0 +1,10 @@
+COCA-COLA BOTTLING <COKE> TERMINATES TALKS
+  Coca-Cola Bottling Co
+  Consolidated said it terminated negotiations with the proposed
+  purchaser of its wholly owned subsidiary headquartered in
+  Vancouver, B.C.
+      The company said it is vigorously continuing its efforts to
+  sell its Canadian operations, substantially on the terms and
+  conditions previously announced.
+  
+
diff --git a/reuters/training/146 b/reuters/training/146
new file mode 100644
index 0000000000000000000000000000000000000000..03277f50429f06813e762accbceb7e698667a3ca
--- /dev/null
+++ b/reuters/training/146
@@ -0,0 +1,9 @@
+NORTHERN TELECOM LTD <NT> DECLARES STOCK SPLIT
+  Two-for-one stock split
+      Pay May 12
+      Note: split is subject to approval of shareholders at April
+  23 annual meeting.
+      Company also said it will increase dividend on post-split
+  shares to six cts from five cts.
+  
+
diff --git a/reuters/training/1460 b/reuters/training/1460
new file mode 100644
index 0000000000000000000000000000000000000000..e013eb4d7068a3398df02054be3b5897208fafd8
--- /dev/null
+++ b/reuters/training/1460
@@ -0,0 +1,12 @@
+CML GROUP INC <CMLI> 2ND QTR JAN 31 NET
+  Shr 72 cts vs 58 cts
+      Net 4,791,000 vs 3,803,000
+      Sales 83.0 mln vs 72.0 mln
+      Avg shrs 6,668,309 vs 6,545,722
+      1st half
+      Shr 88 cts vs 70 cts
+      Net 5,872,000 vs 4,614,000
+      Sales 141.6 mln vs 121.8 mln
+      Avg shrs 6,669,488 vs 6,525,051
+  
+
diff --git a/reuters/training/14603 b/reuters/training/14603
new file mode 100644
index 0000000000000000000000000000000000000000..e9e6803265eabae34d171c6f13fe3d4f4946bdb3
--- /dev/null
+++ b/reuters/training/14603
@@ -0,0 +1,6 @@
+JAPANESE CRUSHERS BUY CANADIAN RAPESEED
+  Japanese crushers bought 5,000 tonnes
+  of Canadian rapeseed in export business overnight for late
+  May/early June shipment, trade sources said.
+  
+
diff --git a/reuters/training/14604 b/reuters/training/14604
new file mode 100644
index 0000000000000000000000000000000000000000..f81b2292c0aec94ff9a32251a2743fba64b28a38
--- /dev/null
+++ b/reuters/training/14604
@@ -0,0 +1,13 @@
+CAREPLUS <CPLS> SEEKS APPROVAL IN ACQUISITION
+  CarePlus Inc said it will seek shareholder
+  approval of its proposed acquisition of certain assets and
+  assumption of certain liabilities of Professional Care Inc
+  <PCI>.
+      In connection with the acquisition, shareholders will be
+  requested to approval the merger of CarePlus into its newly
+  formed Delaware subsidiary, CarePlus said.
+      CarePlus said its board has tentatively determined that its
+  stock would be exchanged for common stock of the new
+  corporation at the rate of seven for one.
+  
+
diff --git a/reuters/training/1461 b/reuters/training/1461
new file mode 100644
index 0000000000000000000000000000000000000000..9dc07f1a869524d9f2e5ac9f7d4e9c86699a1605
--- /dev/null
+++ b/reuters/training/1461
@@ -0,0 +1,12 @@
+DRESS BARN INC <DBRN> 2ND QTR JAN 24 NET
+  Shr 30 cts vs 21 cts
+      Net 3,358,000 vs 2,276,000
+      Sales 43.3 mln vs 33.5 mln
+      1st half
+      Shr 60 cts vs 42 cts
+      Net 6,654,000 vs 4,638,000
+      Sales 86.6 mln vs 66.4 mln
+      NOTE: Share adjusted for three-for-two stock split in May
+  1986.
+  
+
diff --git a/reuters/training/14612 b/reuters/training/14612
new file mode 100644
index 0000000000000000000000000000000000000000..3fccdac369af1cdfdb263910fd16c525eb5bdaf5
--- /dev/null
+++ b/reuters/training/14612
@@ -0,0 +1,23 @@
+U.S. FEB CONSUMER CREDIT ROSE 1.77 BILLION DLRS
+  U.S. consumer instalment credit rose
+  a seasonally adjusted 1.77 billion dlrs in February after a
+  revised rise of 789 mln dlrs in January, the Federal Reserve
+  Board said.
+      The annual rate of growth in February was 3.7 pct, up from
+  1.6 pct in January. Previously the Fed said consumer credit
+  rose 536 mln dlrs in January.
+      Among the credit categories, auto credit rose in February
+  by 717 mln dlrs after increasing 416 mln dlrs in January, the
+  Fed said.
+      Revolving credit in February rose 1.04 billion dlrs after
+  falling by 23 mln dlrs in January.
+      Mobile home credit was down by 59 mln dlrs in February
+  after rising 141 mln dlrs in January.
+      The category referred to as "other," covering bank and credit
+  union loans, increased by 74 mln dlrs in February after rising
+  by 255 mln dlrs in January, the Fed said.
+      Before seasonal adjustment, consumer credit outstanding
+  totaled 576.05 billion dlrs at the end of February, compared
+  with 530.41 billion dlrs at the end of February, 1986.
+  
+
diff --git a/reuters/training/14619 b/reuters/training/14619
new file mode 100644
index 0000000000000000000000000000000000000000..c46fbdf6d7415f4c9440a1d19286cafdbc99e45c
--- /dev/null
+++ b/reuters/training/14619
@@ -0,0 +1,14 @@
+GROUP TO BUY MORE INTERMEDICS <ITM> SHARES
+  An investor group including Bessemer
+  Securities Corp and Cilluffo Associates told the Securities and
+  Exchange Commission it asked federal antitrust regulators for
+  advance clearance to hold more than 30 mln dlrs of Intermedics
+  Inc common stock.
+      The group said it currently holds 1.8 mln shares or 17.6
+  pct of the total outstanding following purchases of 84,300
+  shares March 18-April 1. A group spokesman would not disclose
+  the total purchase price of its current holdings.
+      The group has said it is accumulating Intermedics stock for
+  investment purposes.
+  
+
diff --git a/reuters/training/14622 b/reuters/training/14622
new file mode 100644
index 0000000000000000000000000000000000000000..af682339d26007fbda9558d7ce372c1945ca2934
--- /dev/null
+++ b/reuters/training/14622
@@ -0,0 +1,12 @@
+SEAGATE TECHNOLOGY <SGAT> 3RD QTR MARCH 3 NET
+  Shr 81 cts vs 24 cts
+      Net 40,453,000 vs 11,833,000
+      Sales 267.1 mln vs 127.0 mln
+      Avg shrs 50,226,000 vs 48,337,000
+      Nine Mths
+      Shr 2.07 dlrs vs 38 cts
+      Net 102,564,000 vs 18,127,000
+      Sales 708.0 mln vs 318.3 mln
+      Avg shrs 49,573,000 vs 48,024,000
+  
+
diff --git a/reuters/training/14623 b/reuters/training/14623
new file mode 100644
index 0000000000000000000000000000000000000000..87bcd6221c79fcdd2534b13e30d710ba1f2504a3
--- /dev/null
+++ b/reuters/training/14623
@@ -0,0 +1,12 @@
+GROUP RAISES TEXSTYRENE <FOAM> STAKE TO 11.7 PCT
+  An investor group led by Dart
+  Container Corp, a Sarasota, Fla., plastic utensil maker, told
+  the Securities and Exchange Commission it raised its stake in
+  Texstyrene Corp to 420,500 common shares or 11.7 of the total
+  outstanding.
+      The group said it bought the shares for investment and
+  intends to continue to buy Texstyrene stock in the future.
+      The group said its most recent purchases included 106,000
+  shares bought March 10-31 in ordinary brokerage transactions.
+  
+
diff --git a/reuters/training/14626 b/reuters/training/14626
new file mode 100644
index 0000000000000000000000000000000000000000..84cb77935a306c94dd6ecbb5e619f3807eb6ac51
--- /dev/null
+++ b/reuters/training/14626
@@ -0,0 +1,13 @@
+ENRO HOLDING BUYS ENRO SHIRT AND FOXCROFT
+  Enro Holding Corp said it acquired Enro
+  Shirt Co and Foxcroft Ltd from Wilson Bros for 30 mln dlrs.
+       Enro Holding is owned 50 pct by investors and 50 pct by
+  management and others. The investor group bought 50 pct of the
+  common equity and supplied five mln dlrs in mezzanine
+  financing. Management bought the other 50 pct. Congress
+  Financial Group supplied 28 mln dlrs in senior financing and
+  the seller took back a note for 12.1 mln dlrs.
+      Enro Shirt has annual sales of about 42 mln dlrs and
+  Foxcroft has sales of about 13 mln dlrs.
+  
+
diff --git a/reuters/training/14629 b/reuters/training/14629
new file mode 100644
index 0000000000000000000000000000000000000000..74ef09e0c83c65195bdd7c892a4dd964f150a1fc
--- /dev/null
+++ b/reuters/training/14629
@@ -0,0 +1,18 @@
+SPARTECH <SPTN> REVERSE STOCK SPLIT APPROVED
+  Spartech Corp said shareholders at the
+  annual meeting approved a reverse stock split of the common
+  stock, on a one-for-five basis.
+      The company said the split was necessary in preparation for
+  an offering of 25 mln dlrs in convertible subordinated
+  debentures, expected to be made soon through Kidder, Peabody
+  and Co.
+      It said the new common stock will begin trading April 8
+  under the symbol "SPTNd."
+      Separately, Spartech said its board appointed Bradley
+  Buechler as president, filling a vacancy.
+      It said Lawrence Powers remains as chairman.
+      Buechler, prior to his promotion, was executive vice
+  president and chief operating officer. He will retain his
+  duties as chief operating officer.
+  
+
diff --git a/reuters/training/14630 b/reuters/training/14630
new file mode 100644
index 0000000000000000000000000000000000000000..d89b27daaecfc2d701848f6a3d713657cc3b9bae
--- /dev/null
+++ b/reuters/training/14630
@@ -0,0 +1,10 @@
+PEOPLE RIDESHARING SYSTEMS <RIDE> 1ST QTR NET
+  Shr primary profit two cts vs loss nine cts
+      Shr diluted profit one cent vs loss six cts
+      Net profit 17,156 vs loss 89,594
+      Revs 2,360,220 vs 3,208,802
+      Avg shrs 870,000 vs 1,026,627
+      NOTE: full name of company is People Ridesharing Systems
+  Inc.
+  
+
diff --git a/reuters/training/14642 b/reuters/training/14642
new file mode 100644
index 0000000000000000000000000000000000000000..dda83616bb1f108a775f6a736b78020979771fa1
--- /dev/null
+++ b/reuters/training/14642
@@ -0,0 +1,10 @@
+DESJARDINS GROUP LOWERS VISA INTEREST RATE
+  (La Confederation des Caisses
+  Populaires et d'Economie Desjardins), the Quebec credit union
+  group, said it is lowering the interest rate on unpaid balances
+  on its Visa credit card to 15.9 pct from 18.0 pct, effective
+  with June billing statements.
+      The move follows cuts in credit card interest rate charges
+  by several Canadian banks.
+  
+
diff --git a/reuters/training/14646 b/reuters/training/14646
new file mode 100644
index 0000000000000000000000000000000000000000..f6dc762b505ef8a2672b3f921bbbc0c8e305726a
--- /dev/null
+++ b/reuters/training/14646
@@ -0,0 +1,12 @@
+SEEQ TECHNOLOGY INC <SEEQ> 2ND QTR MARCH 31
+  Shr profit eight cts vs loss 1.84 dlrs
+      Net profit 785,000 vs loss 4,279,000
+      Revs 10.4 mln vs 8,464,000
+      Avg shrs 9,649,000 vs 2,664,000
+      Six Mths
+      Shr loss nine cts vs loss 4.09 dlrs
+      Net loss 262,000 vs loss 9,689,000
+      Revs 19.2 mln vs 15.6 mln
+      Avg shrs 2,874,000 vs 2,660,000
+  
+
diff --git a/reuters/training/14655 b/reuters/training/14655
new file mode 100644
index 0000000000000000000000000000000000000000..d0ca292a5600b2b3be2bddf7eb5aaadabe2f2912
--- /dev/null
+++ b/reuters/training/14655
@@ -0,0 +1,3 @@
+ 7-APR-1987 16:46:14.77
+   7-APR-1987 16:46:14.77
+
diff --git a/reuters/training/1466 b/reuters/training/1466
new file mode 100644
index 0000000000000000000000000000000000000000..310453325507919e48b38489ccd6b68340036ec9
--- /dev/null
+++ b/reuters/training/1466
@@ -0,0 +1,31 @@
+WILLIAMS <WMB> HAS 4TH QTR CHARGE
+  Williams Cos said a fourth quarter charge
+  of 250 mln dlrs from discontinued operations and writedowns
+  contributed to a 1986 net loss of 240 mln dlrs or 6.97 dlrs a
+  share against earnings of 31.6 mln dlrs or 92 cts in 1985.
+      The loss in the quarter was 232.3 mln dlrs or 6.75 dlrs
+  against income of 10.7 mln dlrs or 31 cts a year ago. Revenues
+  in the quarter fell to 521.1 mln dlrs from 716.9 mln and in the
+  year fell to 1.9 billion dlrs from 2.5 billion in 1985.
+      Williams also said the previously announced sale of its
+  Agrico Chemical Co unit to Freeport-Mcmoran Resource Partners
+  Ltd has cleared antitrust review and should close next week.
+      The 1987 first quarter will include proceeds from the
+  Agrico sale, for 250 mln dlrs cash at closing plus deferred
+  payments, and proceeds of 320 mln dlrs from the sale of a stake
+  in Peabody Holding Co, completed in January.
+      In the 1986 first quarter, Williams reported net of 14.2
+  mln dlrs or 41 cts a share on sales of 796.4 mln dlrs.
+      Williams said the charges in the current year were related
+  to an ongoing restructuring. The company said the restructuring
+  moves had improved its balance sheet and improved the outlook
+  for future stability and growth in earnings.
+      Operating profit at the company's Northwest Pipeline Corp
+  unit fell 4.5 pct to 150 mln dlrs from lower sales. The
+  Williams Natural Gas unit had operating profit of 50.5 mln dlrs
+  compared to 90.9 mln dlrs on lower sales volumes.
+      Profit at Williams Gas Marketing rose to 26 mln dlrs from
+  about 22 mln and the William Pipe Line Co had operating profit
+  of 49.4 mln dlrs versus 63.6 mln dlrs a year ago.
+  
+
diff --git a/reuters/training/14666 b/reuters/training/14666
new file mode 100644
index 0000000000000000000000000000000000000000..034575d89a5c3dbd54f32deb23c134ada0efa89a
--- /dev/null
+++ b/reuters/training/14666
@@ -0,0 +1,26 @@
+NACCO INDUSTRIES <NC> TO REPORT 2ND QTR GAIN
+  Nacco Industries Inc said it will
+  report a gain in the second quarter of about 11.5 mln dlrs or
+  1.25 dlrs a share from the sale of stock of a subsidiary.
+      Nacco said its North American Coal Corp unit has received
+  notice that Consolidation Coal Co, a unit of Du Pont Co <DD>,
+  will exercise an option to buy all of the stock of Quarto
+  Mining Co, a subsidiary of North American Coal.
+      For the stock, North American Coal will receive about 15.2
+  mln dlrs, 5.2 mln of which will be paid at closing April 10 and
+  the rest in installments, the company said.
+      In addition, Quarto will pay a dividend to North American
+  Coal of about 10 mln dlrs from retained earnings before
+  closing. The funds were previously used to finance mining
+  operations.
+      Consolidation Coal got the option from the Capco Group of
+  utilities, which received the option from Nacco in 1981.
+      Nacco reported earnings of 10.8 mln dlrs or 1.11 dlrs a
+  share in last year's second quarter.
+      In 1986, Quarto generated 5.9 mln dlrs in net income, equal
+  to 62 cts a share, of Nacco's total 1986 earnings of 3.48 dlrs
+  a share.
+      Quarto produced about 3.6 mln short tons of the 24.3 mln
+  tons produced by North American Coal in 1986, Nacco said.
+  
+
diff --git a/reuters/training/1467 b/reuters/training/1467
new file mode 100644
index 0000000000000000000000000000000000000000..4bf9778e81ddab2c04207289216f270d413883ec
--- /dev/null
+++ b/reuters/training/1467
@@ -0,0 +1,6 @@
+PERRY DRUG STORES INC <PDS> 1ST QTR JAN 31 NET
+  Shr 13 cts vs 37 cts
+      Net 1,300,000 vs 3,700,000
+      Sales 189 mln vs 163 mln
+  
+
diff --git a/reuters/training/14672 b/reuters/training/14672
new file mode 100644
index 0000000000000000000000000000000000000000..0be99a8be58187197349272b35481c391c4be635
--- /dev/null
+++ b/reuters/training/14672
@@ -0,0 +1,13 @@
+BUFFTON <BUFF> TO POST INVESTIGATION CHARGE
+  Buffton Corp said it will    
+  conduct an investigation on a plant designated as a Superfund
+  Site, which will result in a charge of about six cts per share
+  in its second quarter.
+      In the year ago second quarter, Buffton reported net income
+  of 10 cts a share or 330,000 dlrs on sales of 10.3 mln dlrs.
+       The study should be completed in nine months and will
+  determine any clean-up or remedial action that may be required.
+  Robintech Inc, the plant's former owner, will split the cost.
+  Buffton said its share will cost 400,000 dlrs.
+  
+
diff --git a/reuters/training/14679 b/reuters/training/14679
new file mode 100644
index 0000000000000000000000000000000000000000..2262c44afd7434b69051b7a3702ff4532ddf20c6
--- /dev/null
+++ b/reuters/training/14679
@@ -0,0 +1,24 @@
+AMERICAN DYNAMICS <AMDC> TO SELL 51 PCT STAKE
+  American Dynamics Corp and
+  <Meridian Reserve Inc> said they signed a definitive agreement
+  under which Meridian will buy 81.9 mln shares, or 51 pct, of
+  American Dynamics' common stock.
+      Under terms of the agreement, Santa Ana, Calif.-based
+  Meridian said it will pay Columbus-based American Dynamics one
+  mln dlrs in cash and notes over five years and about 500,000
+  shares of its common stock.
+      Meridian said it has the option to issue an additional
+  1,500,000 shares of its common over the next two years in
+  payment of certain of the notes.
+      Meridian, an oil and gas company whose operations are
+  primarily in Oklahoma, said the acquisition will increase its
+  its consolidated assets to 30 mln dlrs and its contractually
+  committed gas reserves to more than 40 mln dlrs at discounted
+  present value.
+      American Dynamics is engaged in gas gathering, transmission
+  and liquids extraction, also in Oklahoma.
+      The companies said they have five extracting plants and
+  about 525 miles of transmission lines in five adjoining
+  Oklahoma counties.
+  
+
diff --git a/reuters/training/14682 b/reuters/training/14682
new file mode 100644
index 0000000000000000000000000000000000000000..9f48a7a9875fa4e009f369e6d71c4699ea4cf9f6
--- /dev/null
+++ b/reuters/training/14682
@@ -0,0 +1,3 @@
+ 7-APR-1987 17:01:06.32
+   7-APR-1987 17:01:06.32
+
diff --git a/reuters/training/14686 b/reuters/training/14686
new file mode 100644
index 0000000000000000000000000000000000000000..ac6cc836ff7525782e8d3ed0a27fdfa00626f2a6
--- /dev/null
+++ b/reuters/training/14686
@@ -0,0 +1,3 @@
+ 7-APR-1987 17:02:48.51
+   7-APR-1987 17:02:48.51
+
diff --git a/reuters/training/14688 b/reuters/training/14688
new file mode 100644
index 0000000000000000000000000000000000000000..f2df3cd63d0d2b176f4258d0662e4e02cd1a5f19
--- /dev/null
+++ b/reuters/training/14688
@@ -0,0 +1,6 @@
+GRAIN SHIPS LOADING AT PORTLAND
+  There were six grain ships loading and
+  six ships were waiting to load at Portland, according to the
+  Portland Merchants Exchange.
+  
+
diff --git a/reuters/training/14689 b/reuters/training/14689
new file mode 100644
index 0000000000000000000000000000000000000000..1a99de14fa425ae5a11779091a4c888aefd18f2d
--- /dev/null
+++ b/reuters/training/14689
@@ -0,0 +1,36 @@
+ITALY'S ENI TO INVEST IN VENEZUELAN PROJECTS
+  Italy's state-owned Ente Nazionale
+  Idrocarburi (ENI) will invest 197 mln dlrs in two joint
+  ventures in coal and petrochemicals with Petroleos de
+  Venezuela, S.A, ENI president Franco Reviglio said.
+      Speaking at a news conference, Reviglio said the two
+  projects will eventually bring in some 300 mln dlrs annually in
+  foreign exchange to Venezuela and help diversify the country's
+  export base. "Joint ventures are the principal instrument for
+  allowing the resources of the industrialized countries to be
+  channeled to the developing world so as to lead future growth
+  for both," Reviglio said.
+      ENI's subsidiary Ecofuel will join Pequiven, the
+  petrochemical subsidiary of PDVSA in building a 160 mln dlr
+  plant to produce mtbe, a gasoline additive used to increase
+  octane levels.
+      The 500,000 mt per year plant will be constructed at Jose
+  in eastern Venezuela, and fed by butane produced at PDVSA's
+  eastern cryogenic complex. ENI owns 48 pct of the joint venture
+  company, Super Octanos, C.A., while Pequiven has 49 pct, with
+  the remaining three pct to be sold to private investors.
+      Production is set to begin in third quarter 1989. Ecofuel
+  officials said the plant is modeled after one in Saudi Arabia.
+      Another ENI subsidiary, Agip Carbone, will sign a letter of
+  intent in Caracas tomorrow to enter a partnership with PDVSA to
+  mine the coal deposits at guasare in western zulia state, he
+  said.
+      Feasibility studies are still being done on the carbozulia
+  project, with a definitive accord slated for august, he added.
+      Agip carbone and atlantic richfield coal, an arco
+  subsidiary have formed a consortium which will own 48 pct of
+  the carbozulia project, whose total cost is estimated at 500
+  mln dlrs, the company said. Agip carbone will invest 24 pct, or
+  120 mln dlrs, in the project, it said.
+  
+
diff --git a/reuters/training/1469 b/reuters/training/1469
new file mode 100644
index 0000000000000000000000000000000000000000..1e23a1857959d6a2f00d7ac8686c845ce40f212f
--- /dev/null
+++ b/reuters/training/1469
@@ -0,0 +1,10 @@
+NWA INC <NWA> 4TH QTR NET
+  Shr profit 45 cts vs loss nine cts
+      Net profit 9.8 mln vs loss two mln
+      Revs 1.15 billion vs 631.2 mln
+      Year
+      Shr profit 3.26 dlrs vs profit 3.18 dlrs
+      Net profit 76.9 mln vs profit 73.1 mln
+      Revs 3.59 billion vs 2.66 billion
+  
+
diff --git a/reuters/training/14697 b/reuters/training/14697
new file mode 100644
index 0000000000000000000000000000000000000000..a8d78fa8723b7f97512a8d0dddc2afb60080e399
--- /dev/null
+++ b/reuters/training/14697
@@ -0,0 +1,24 @@
+REPUBLICBANK <RPT> TO RECLASSIFY BRAZIL LOANS
+  RepublicBank Corp said it has placed
+  182.6 mln dlrs of all intermediate and term loans to Brazil on
+  a non-accrual basis as of March 31.
+      It said the reclassification will reduce first quarter
+  earnings by 2.8 mln dlrs after taxes, and 11 mln dlrs after
+  taxes for all of 1987, if Brazil does not change its position
+  of a moratorium on interest payments.
+      RepublicBank also said its net income for the first quarter
+  is expected to be about 10.4 mln dlrs or 30 cts a share on a
+  fully diluted basis. In the year-ago first quarter the company
+  earned 23.1 mln dlrs or 75 cts a share.
+      The company also said its first quarter results are
+  expected to include a provision for loan losses of 55 mln dlrs,
+  about 20 mln dlrs over net loan-charge-offs of about 35 mln
+  dlrs. It said the provision will increase loan losses to about
+  328 mln dlrs or 2.2 pct of loans.
+      RepublicBank, with total assets of about 21 billion dlrs,
+  announced in December an agreement with InterFirst Corp <IFC>
+  to form First RepublicBank Corp. If the merger is approved by
+  regulatory agencies and stockholders, it would create the 12th
+  largest bank holding company in the United States.
+  
+
diff --git a/reuters/training/14698 b/reuters/training/14698
new file mode 100644
index 0000000000000000000000000000000000000000..2a8ecb1eb081331eb7c17d5f7f05653049d8b89f
--- /dev/null
+++ b/reuters/training/14698
@@ -0,0 +1,56 @@
+SUPPLIES, MIDEAST TENSION FUEL GAINS IN OIL
+  Petroleum futures rallied today in a
+  market that was expecting declines in domestic supplies and
+  became further unsettled by escalated Mideast fighting.
+      Crude oil, gasoline and heating oil all posted gains on the
+  New York Mercantile Exchange, with crude oil prices matching
+  life-of-contract highs. Crude for delivery in May closed 17
+  cents higher at 18.84 dlrs a barrel.
+      "Crude futures could jump above 19 dlrs a barrel but will
+  not remain there long if products are not strong," Robert
+  Murphy, account executive at E.F. Hutton, said.
+      Traders said prices were supported by anticipation that the
+  American Petroleum Institute would report a decline in domestic
+  inventories of petroleum products in a weekly report.
+      Traders said prices also were supported by an escalation in
+  the Iran-Iraq war, with the Iranians reportedly launching a new
+  offensive against Iraqi positions, and Iraq attacking offshore
+  oil fields and an oil export depot.
+      Buying by speculators continued to prompt gains in gold and
+  silver futures on the Commodity Exchange in New York.
+      Gold prices retreated at midday, but rallied before the
+  close with support from the silver market, which was
+  approaching two-year highs, traders said.
+      Soybean futures posted strong gains on the Chicago Board of
+  Trade, while corn and wheat were mostly higher.
+      Traders said cash sales have been slow in the country, and
+  the soybean harvest in Brazil has been delayed by rain, which
+  is limiting supplies.
+      In addition, the Agriculture Department last week projected
+  a substantial drop in soybean acreage this year.     Monday's
+  report that the USDA inspected 46 mln bushels of corn for
+  export last week was unexpectedly high and, coupled with a lack
+  of farm sales, provided support for the corn market, traders
+  said.
+      Live hogs and frozen pork bellies rallied on the Chicago
+  Mercantile Exchange, while cattle ended lower.
+      Live hogs pushed ahead on a lack of supplies because many
+  farmers are turning their attention to spring planting rather
+  than marketing livestock, traders said, noting that cash sales
+  have been lighter than expected this week.
+      The lack of marketing also has supported pork bellies, but
+  prices drifted lower for moderate losses in nearby months as
+  speculators sold contracts to take profits, traders said.
+      Cattle prices closed lower but continued to show strength
+  related to tight supplies.
+      Prices pushed ahead to new contract highs, extending gains
+  past three-year peaks set Monday, as tight supplies forced meat
+  packers to bid aggressively for available animals.
+      However, some traders sold contracts to take profits after
+  the extended rally, which has seen the April delivery contract
+  soar to 69.90 cents a pound from 56 cents a pound at the start
+  of the year.
+      New York coffee futures closed higher on trade talk Brazil
+  would not be an aggressive seller near term, analysts said.
+  
+
diff --git a/reuters/training/147 b/reuters/training/147
new file mode 100644
index 0000000000000000000000000000000000000000..e48d922c67a81dc300bdd749606df6f733222726
--- /dev/null
+++ b/reuters/training/147
@@ -0,0 +1,13 @@
+TORCHMARK <TMK> AUTHORIZES STOCK REPURCHASE
+  Torchmark Corp said its board
+  authorized the purchase from time to time of a significant
+  portion of its 7-3/4 pct convertible subordinated debentures.
+  As of February 25, it said there were outstanding 150 mln dlrs
+  of the principal amount of debenures.
+      The company also said it plans to redeem the debentures on
+  June eight.
+      It also declared a regular quarterly dividend of 25 cts per
+  share on its common payable May one to shareholders of record
+  April 10.
+  
+
diff --git a/reuters/training/14701 b/reuters/training/14701
new file mode 100644
index 0000000000000000000000000000000000000000..b8b0ab208d68d8357929615119d8390e13d65bd4
--- /dev/null
+++ b/reuters/training/14701
@@ -0,0 +1,3 @@
+ 7-APR-1987 17:17:34.97
+   7-APR-1987 17:17:34.97
+
diff --git a/reuters/training/14704 b/reuters/training/14704
new file mode 100644
index 0000000000000000000000000000000000000000..3d7fad1b69849abb8cd8dec8c3ac30878f9f7734
--- /dev/null
+++ b/reuters/training/14704
@@ -0,0 +1,5 @@
+API SAYS DISTILLATE STOCKS UP 628,000 BBLS, GASOLINE UP 2.29 MLN, CRUDE UP 8.52 MLN
+
+  API SAYS DISTILLATE STOCKS UP 628,000 BBLS, GASOLINE UP 2.29 MLN, CRUDE UP 8.52 MLN
+  
+
diff --git a/reuters/training/14706 b/reuters/training/14706
new file mode 100644
index 0000000000000000000000000000000000000000..50bff1bc69782de1ee5f65cff7a3955236aae26d
--- /dev/null
+++ b/reuters/training/14706
@@ -0,0 +1,17 @@
+SOUTHERN TEXAS GRAIN DIFFERENTIALS ADJUSTED
+  Posted county prices in 99 southern
+  Texas counties have been changed to reflect only one market
+  differential instead of the usual two-terminal market pricing
+  system, a senior Agriculture Department official said.
+      Interior grain and soybean prices in the affected counties
+  will now be based solely against the Texas Gulf. Prior to the
+  change, county prices were also priced against the Amarillo
+  market.
+      The changes were made to better reflect local market
+  conditions, said Ralph Klopfenstein, deputy administrator for
+  commodity operations at USDA.
+      "The Texas Gulf has always been the dominant market in those
+  counties. Amarillo never became effective for that area,"
+  Klopfenstein told Reuters.
+  
+
diff --git a/reuters/training/14709 b/reuters/training/14709
new file mode 100644
index 0000000000000000000000000000000000000000..c6fe31028fc3eda3767d30e6e8d09ecd01ed5d09
--- /dev/null
+++ b/reuters/training/14709
@@ -0,0 +1,3 @@
+ 7-APR-1987 17:25:13.75
+   7-APR-1987 17:25:13.75
+
diff --git a/reuters/training/1471 b/reuters/training/1471
new file mode 100644
index 0000000000000000000000000000000000000000..34af1ac26d390b393ae9ae9a9f6e067b130d55a5
--- /dev/null
+++ b/reuters/training/1471
@@ -0,0 +1,6 @@
+CAMCO INC <CAM> SETS QUARTERLY
+  Qtly div 11 cts vs 11 cts prior
+      Pay April 14
+      Record March 17
+  
+
diff --git a/reuters/training/14715 b/reuters/training/14715
new file mode 100644
index 0000000000000000000000000000000000000000..dedf8592f71a7954c971964952253eb1e11deed7
--- /dev/null
+++ b/reuters/training/14715
@@ -0,0 +1,14 @@
+AMOSKEAG BANK <AMKG> TO SEEK REHEARING
+  Amoskeag Bank Shares Inc and
+  <Portsmouth Savings Bank> said they will file motions for a
+  rehearing with the New Hampshire Supreme Court of its March 30
+  ruling that overturned state regulatory approval of Amoskeag's
+  acquisition Portsmouth.
+      "The ramifications of this decision, we believe, go well
+  beyond the affiliation of Amoskeag and Portsmouth Savings
+  Bank," said Amoskeag chairman William S. Bushnell.
+      The transaction was opposed by a group of Portsmouth
+  investors who wanted the bank to remain independent, according
+  to press reports.
+  
+
diff --git a/reuters/training/14718 b/reuters/training/14718
new file mode 100644
index 0000000000000000000000000000000000000000..0e27af35433db6bb8bf43f04ba67028d1324827c
--- /dev/null
+++ b/reuters/training/14718
@@ -0,0 +1,7 @@
+EGYPT SAID TO CANCEL PL480 SOFT WHEAT TENDER
+  Egypt has cancelled its Export Bonus
+  tender for 200,000 tonnes of soft red winter wheat for May-June
+  shipment after failing to bid a price acceptable to USDA,
+  private export sources said.
+  
+
diff --git a/reuters/training/14719 b/reuters/training/14719
new file mode 100644
index 0000000000000000000000000000000000000000..567834d9e2ca13a4fc805a27e4a0749844a059cf
--- /dev/null
+++ b/reuters/training/14719
@@ -0,0 +1,20 @@
+DOE RECOMMENDS SPECIAL UNIT TO ENRICH URANIUM
+  Energy Secretary John Herrington told
+  Congress that a federally chartered corporation would be the
+  best way to manage and operate the government's uranium
+  enrichment program.
+      He said in a letter to Congressmen that unless the program,
+  now run by the Energy Department, is improved, sales worth five
+  billion dlrs could be lost between 1990 and 2000.
+      The program now has annual commercial sales of about one
+  billion dlrs and holds 50 pct of the free world market for
+  enrichment services.
+      A department official said the world market for enriched
+  uranium for reactors for power utilities is increasingly
+  competitive and private entity could better tap it.
+      The Administration's plan to spin off the department's 
+  uranium enrichment operation is in line with it effort to
+  reduce the federal government's role in areas where it feels
+  private enterprise could be more efficient.
+  
+
diff --git a/reuters/training/14721 b/reuters/training/14721
new file mode 100644
index 0000000000000000000000000000000000000000..4869c89da6adef9fadc3daf7c69c914e8d590fec
--- /dev/null
+++ b/reuters/training/14721
@@ -0,0 +1,11 @@
+JORDAN BOOSTS BIDS IN EXPORT BONUS WHEAT TENDER
+  Jordan has boosted its bids for U.S.
+  soft and hard wheat under Export Bonus, private export sources
+  said.
+      Jordan today bid 74 dlrs per tonne for soft wheat and 75
+  dlrs per tonne for hard red winter wheat in its tender for
+  225,000 tonnes of hard and soft wheat for April through
+  November shipment. Earlier today, USDA rejected its bids of 70
+  dlrs for both varieties, they said.
+  
+
diff --git a/reuters/training/14722 b/reuters/training/14722
new file mode 100644
index 0000000000000000000000000000000000000000..92c324513c894dee7a54eddec6b4614aa7b5a6a5
--- /dev/null
+++ b/reuters/training/14722
@@ -0,0 +1,10 @@
+MOROCCO TENDERS THURSDAY FOR PL 480 WHEAT
+  Morocco will tender Thursday for
+  120,000 to 210,000 tonnes of U.S. wheat, cheapest variety
+  preferred, for May and June shipments under PL 480, private
+  export sources said.
+      The tender will consist of three lots of up to 70,000
+  tonnes each for shipment May 1-30, May 10-June 10, and May
+  25-June 25, they said.
+  
+
diff --git a/reuters/training/14729 b/reuters/training/14729
new file mode 100644
index 0000000000000000000000000000000000000000..7c58ac31ba2251a9bc66da6550da7f8d09ecd36a
--- /dev/null
+++ b/reuters/training/14729
@@ -0,0 +1,7 @@
+TRILON DECLARES STOCK DIVIDEND
+  <Trilon Financial Corp> said it declared
+  a stock dividend of one class A share for each two class A
+  shares held, payable May 15 to shareholders of record on April
+  30.
+  
+
diff --git a/reuters/training/14732 b/reuters/training/14732
new file mode 100644
index 0000000000000000000000000000000000000000..5b74f3388a1ee2fcd8f3d1c95da0291942ec1e3d
--- /dev/null
+++ b/reuters/training/14732
@@ -0,0 +1,18 @@
+API SAYS DISTILLATE, GASOLINE STOCKS UP IN WEEK
+  Distillate fuel stocks held in
+  primary storage rose by 628,000 barrels in the week ended April
+  three to 106.96 mln barrels from a revised 106.33 mln the
+  previous week, the American Petroleum Institute said.
+      In its weekly statistical bulletin, the oil industry trade
+  group said gasoline stocks rose 2.29 mln barrels to 247.91 mln
+  barrels from a revised 245.62 mln, and crude oil stocks were up
+  8.52 mln barrels to 337.73 mln from a revised 329.21 mln.
+      It said residual fuel stocks rose 28,000 barrels to 38.25
+  mln from a revised 37.98 mln barrels.
+      API said refinery runs in the week rose to 12.54 mln
+  barrels per day from 12.21 mln and refinery use of operating
+  capacity was 80.4 pct, up from 78.3 pct.
+      Crude oil imports in the week fell to 3.40 mln bpd from a
+  revised 3.60 mln, API added.
+  
+
diff --git a/reuters/training/14736 b/reuters/training/14736
new file mode 100644
index 0000000000000000000000000000000000000000..0253b9df8a5c50612dc212a8553bbffb71446733
--- /dev/null
+++ b/reuters/training/14736
@@ -0,0 +1,26 @@
+ALLEGHENY <AG> PREFERED SHAREHOLDERS FILE SUIT
+  Allegheny International Inc, which has
+  agreed to a merge with a jointly-formed First Boston Inc
+  affiliate in a deal worth 500 mn dlrs, said shareholders of its
+  preferred stock have filed a class action complaint against the
+  company.
+      The complaint alleges, among other things, that the company
+  and its board agreed to pay First Boston an illegal seven mln
+  dlr topping fee if it received a higher offer for the company
+  prior to the buyout.
+      The suit contends that this fee hampers Allegheny's ability
+  to attract other offers or take other actions that would
+  benefit holders of preferred stock. The complaint also alleges
+  federal securities laws violations and breach of fiduciary
+  duty.
+      The suit requests an injunction against proceeding with the
+  pending offer being made by Sunter Acquisition to acquire
+  Allegheny. Sunter Acquisition Corp and Sunter Holdings Corp
+  were formed by First Boston and Allegheny.
+      Allegheny said it and the Sunter concerns intend to
+  vigorously defend the complaint's charges.
+      The complaints were filed by Robert Moss and other parties
+  who are believed to own about 230,000 shares of Allegheny's
+  preferred stock.
+  
+
diff --git a/reuters/training/14739 b/reuters/training/14739
new file mode 100644
index 0000000000000000000000000000000000000000..2eeac2be7d7a77fd9b3893d4cfca301e5c1a2100
--- /dev/null
+++ b/reuters/training/14739
@@ -0,0 +1,28 @@
+CANADIANS URGE EXEMPTION FROM U.S. TRADE BILL
+  A group of Canadian lawmakers from
+  Ontario today asked their U.S. counterparts to exempt Canada
+  from the mandatory trade retaliation provisions in a major
+  trade bill being considered by the U.S. Congress.
+      At a meeting of the Northeast-Midwest Coalition, an
+  organization of U.S. legislators, David Cooke, chairman of the
+  Ontario Parliament's Select Committee on Economic Affairs, said
+  the exemption would help trade relations.
+      The trade legislation to be considered by the full House in
+  late April would require President Reagan to retaliate against
+  foreign unfair trade practices unless the trade actions would
+  harm the U.S. economy.
+      Currently, Reagan can reject trade sanctions on any
+  grounds.
+      Cooke, a member of the Liberal party, told the U.S.
+  congressmen, "I can understand (the trade bill). I think it has
+  to do with concerns you have with the other parts of the world."
+      "I would suggest to you that we are your best friends. You
+  do not have those concerns with Canada and you should sincerely
+  consider exempting our country from that bill," he added.
+      Canada is the United States' largest trading partner, with
+  two-way trade more than 113 billion dlrs in 1985, according to
+  the coalition. But the U.S. ran up a 23 billion dlr deficit in
+  manufactured goods that year compared to a 14 billion dlr
+  surplus in services trade with its neighbour.
+  
+
diff --git a/reuters/training/14744 b/reuters/training/14744
new file mode 100644
index 0000000000000000000000000000000000000000..48c3596bf06e236ac12e53ce5d33bd9c79f900ea
--- /dev/null
+++ b/reuters/training/14744
@@ -0,0 +1,12 @@
+AMERICAN AGRONOMICS CORP <AGR> 2ND QTR FEB 28
+  Shr profit one cts vs loss three cts
+      Net profit 641,000 vs loss 992,000
+      Revs 26.0 mln vs 19.0 mln
+      Six months
+      Shr profit six cts vs loss six cts
+      Net profit 2.8 mln vs loss 1.8 mln
+      Revs 39.0 mln vs 37.4 mln
+      NOTE:1987 six months includes gain of four cts from change
+  in accounting principle.
+  
+
diff --git a/reuters/training/14751 b/reuters/training/14751
new file mode 100644
index 0000000000000000000000000000000000000000..0ade89a917de0fb257ed6ad7d49fdd9d5f6b0659
--- /dev/null
+++ b/reuters/training/14751
@@ -0,0 +1,6 @@
+HELIG-MEYERS CO <HMY> INCREASES DIVIDEND
+  Qtly div eight cts vs seven cts prior
+      Payable May 15
+      Record APril 29
+  
+
diff --git a/reuters/training/14752 b/reuters/training/14752
new file mode 100644
index 0000000000000000000000000000000000000000..4f0ae315b5316fbc0bbfec0d19658ac62fdf01e8
--- /dev/null
+++ b/reuters/training/14752
@@ -0,0 +1,8 @@
+HELIG-MEYERS CO <HMY> YEAR FEB 28
+  Shr 1.30 dlrs vs 1.07 dlrs
+      Net 13.6 mln dlrs vs 10.2 mln
+      Revs 271.2 mln vs 182.3 mln
+      NOTE:1986 results reflect year 11 month period because
+  company changed fiscal year to end February 28 from March 31.
+  
+
diff --git a/reuters/training/14755 b/reuters/training/14755
new file mode 100644
index 0000000000000000000000000000000000000000..e7052795edb35c5ca7c8891ed94866825005d492
--- /dev/null
+++ b/reuters/training/14755
@@ -0,0 +1,6 @@
+KELLY OIL AND GAS PARTNERS <KLY> YEAR DEC 31
+  Shr 36 cts vs 43 cts
+      Net 1.3 mln vs 1.7 mln
+      Revs 9.0 mln vs 7.9 mln
+  
+
diff --git a/reuters/training/14757 b/reuters/training/14757
new file mode 100644
index 0000000000000000000000000000000000000000..d42e5da16e23a0b6557b1d33accb4673101b9e8d
--- /dev/null
+++ b/reuters/training/14757
@@ -0,0 +1,42 @@
+JAPAN SEEKS TO STRENGTHEN PARIS CURRENCY ACCORD
+  Japan will seek to strengthen the
+  Paris accord on currency stability at the meeting of the group
+  of seven leading industrial nations tomorrow, Japanese
+  officials said.
+      However, the officials travelling with Japanese Finance
+  Minister Kiichi Miyazawa and who asked not to be identified,
+  would not provide any details of how they wanted the accord,
+  which was signed by the six leading industrial democracies in
+  February, to be strengthened.
+      Currency target zones, or reference ranges, will not be
+  discussed at the G-7 meeting which is scheduled for tomorrow,
+  the Japanese officials said.
+      The meeting, which is being held in conjunction with this
+  week's International Monetary Fund/World Bank sessions, will
+  reaffirm the currency pact and there is no need for changing 
+  the language used in the Paris accord, the officials said.
+      Miyazawa met with U.S. Treasury Secretary James Baker early
+  in this afternoon and discussed the dollar/yen exchange rates,
+  officials said, but they declined to disclosed the details of
+  that discussion.
+      The Japanese officials also declined to detail what
+  Miyazawa and Baker discussed on the subject of greater joint
+  intervention in currency markets to stabilize the dollar or on
+  independent American intervention.
+      The officials said such a money market action to stabilize
+  the dollar is not only for the benefit of Japan, which is
+  suffering from a sharp appreciation in its currency, but also
+  for the benefit of the United States as well.
+      As to U.S. urgings for Japan to take steps to boost its
+  domestic demand to reduce its trade surplus, Japan will explain
+  economic measures to the G-7, the officials said.
+      However, Miyazawa failed to outline the size of the
+  Japanese economic package in his meeting with Baker today
+  because the Japanese 1987/88 budget has not been authorized by
+  the Diet, or parliament, despite the new fiscal year which
+  started April one, the officials said.
+      Japan's ruling liberal democratic party revealed its own
+  economic package today calling for more than 5,000 billion yen
+  in additional spending.
+  
+
diff --git a/reuters/training/14761 b/reuters/training/14761
new file mode 100644
index 0000000000000000000000000000000000000000..85069b43e6dd2620c717d63cfbcbef73dc0679f5
--- /dev/null
+++ b/reuters/training/14761
@@ -0,0 +1,10 @@
+TCW CONVERTIBLE SECURITIES <CVT> SETS DIVIDEND
+  TCW Convertible Securities Fund Inc
+  said its board declared an initial quarterly dividend of three
+  cents per share, payable April 30 to shareholders of record
+  April 17.
+      TCW said it anticipates paying a regular quarterly
+  dividend. The company made its initial public stock offering
+  March five.
+  
+
diff --git a/reuters/training/14767 b/reuters/training/14767
new file mode 100644
index 0000000000000000000000000000000000000000..b02264f02d746bacc5f8cfd118226621164a97aa
--- /dev/null
+++ b/reuters/training/14767
@@ -0,0 +1,66 @@
+CURRENCY FUTURES TO KEY OFF G-5, G-7 MEETINGS
+  News of an agreement among G-5 and G-7
+  finance ministers meeting in Washington this week will be key
+  to the direction of currency futures at the International
+  Monetary Market, but any such agreement will need to go beyond
+  the Paris accord to stem the recent rise in futures, financial
+  analysts said.
+      "If they (the finance ministers) give the market something
+  really new to look at -- that is, some package that goes beyond
+  the Paris agreement -- you could have a real boost in the
+  dollar," said Shearson Lehman Brothers analyst Anne Mills.
+      On the other hand, "anything neutral would tend to be
+  bearish for the dollar," Mills said.
+      Traders and analysts agree a simple reaffirmation of the
+  Paris accord will not be enough to halt the decline in the
+  dollar, nor will central bank intervention.
+      "A lot of people are looking for a reason to buy currencies
+  and sell the dollar," said one trader for a large retail firm
+  on the floor of the IMM.
+      "If there is no concrete resolution, they will be looking
+  to sell the dollar, possibly down to the 1.80 mark level," he
+  said.
+      Technically, most currency futures are poised for another
+  rise, said Smith Barney Harris Upham analyst Craig Sloane.
+      Sloane noted that June yen futures set a new contract high
+  on Tuesday and closed at its best level ever, while June
+  sterling set a new contract high on Monday.
+      "Everything seems to be coming to a head right now and you
+  don't need much to get things rolling," Sloane said.
+      In particular, the June Canadian dollar, for which Sloane
+  recently put out a buy recommendation, has hovered in a range
+  between 0.7600 and 0.7660 in recent weeks, forming a triangle
+  on the charts from which it may soon break out on the upside.
+      A close above the contract high of 0.7665 would signal a
+  breakout, Sloane said, and would likely mean the nearby
+  Canadian dollar contract would extend its advance to near the
+  0.7800 level. June Canadian dollar closed at 0.7656 Tuesday.
+      Mills noted, however, that interest rate differentials
+  between Canadian securities and U.S. securities have narrowed
+  dramatically recently, with yields on 10-year Canadian bonds
+  only about 80 basis points above U.S. 10-year notes.
+      What has helped the Canadian currency, she noted, is an
+  increasing proportion of foreign funds flowing into the
+  Canadian equity market, particularly from Japanese investors.
+      Other analysts, however, said currency futures may be near
+  the top of their long-term rally.
+      "Something will be done at the (G-5 and G-7) meeting to
+  calm people," said David Horner of Merrill Lynch Economics.
+      The Paris accord has pretty much fixed where major European
+  currencies will trade, Horner said.
+      But sterling futures may still make another run for new
+  highs, up to 1.6300 to 1.6500 dlr in the June contract, on the
+  positive atmosphere that will prevail before British elections
+  and possibly another interest rate cut, Horner said. The June
+  British pound closed at 1.6080 on Tuesday.
+      Horner said that new boundaries for the trading range of
+  the yen are likely to come out of the G-5 and G-7 meetings.
+      The most likely range will be a bottom for the dollar
+  between 140 to 142 yen per dollar and a top near 150 to 152
+  yen, Horner said. In yen futures, the bottom of the dollar's
+  range would be equivalent to 0.007100 to 0.007150 in the June
+  contract. June yen closed at 0.006913 on Tuesday.
+      If such a range does emerge from the meetings, "we will
+  have one more rally in the yen," Horner said.
+  
+
diff --git a/reuters/training/1477 b/reuters/training/1477
new file mode 100644
index 0000000000000000000000000000000000000000..3ca27cea79850fef11a420b94df8f7a61e0c45ce
--- /dev/null
+++ b/reuters/training/1477
@@ -0,0 +1,24 @@
+SENATE'S PROXMIRE URGES CURBS ON TAKEOVERS
+  Senate Banking Committee chairman
+  William Proxmire called for curbs of hostile corporate
+  takeovers and new restrictions on risk arbitrageurs.
+      "At the very least, it is high time that we require all risk
+  arbitrageurs to register seperately and specifically  with the
+  Securities and Exchange Commission and that we consider
+  precluding brokerage firms and their employers from investing
+  in, or owning any securities issued by, third party risk
+  arbitrage operations," Proxmire said at the start of a hearing
+  on corporate takeovers.
+      "A burning issue must be whether there ought to be a
+  complete seperation in the future of risk arbitrage and
+  investment banking," Proxmire said.
+      He said he was concerned that hostile takeover attempts
+  were hurting the economy, a view shared by corporate executives
+  who tesitified at the hearing. "I believe that takeovers have
+  become so abusive and so tilted in favor of the financial
+  buccaneers that remedial action is required," USX Corp chairman
+  David Roderick said. "For Congress to allow the takeover game to
+  continue unchecked, would be economic suicide," Champion
+  International Corp chairman Andrew Sigler added.
+  
+
diff --git a/reuters/training/14770 b/reuters/training/14770
new file mode 100644
index 0000000000000000000000000000000000000000..544c0c13b670f404b7eeb154f9bfdb163e5483a6
--- /dev/null
+++ b/reuters/training/14770
@@ -0,0 +1,57 @@
+POEHL WARNS AGAINST FURTHER DOLLAR FALL
+  Bundesbank President Karl Otto Poehl
+  said a weaker dollar would be risky and a further appreciation
+  of the mark would damage prospects for sustained West German
+  economic growth.
+      In a speech to the Institute of Contempory German Affairs
+  here, Poehl said "It would be an extremely risky policy to aim
+  for a further substantial decline in the value of the dollar to
+  correct the trade deficit."
+      He said the United States could face a vicious circle of
+  depreciation, inflation and more depreciation if it took that
+  route.
+      Poehl noted West Germany had already taken steps to meet
+  U.S. Demands for greater stimulation of its domestic economy,
+  accelerating tax cuts, cutting interest rates and tolerating
+  above-target money supply growth.
+      He said he would have been happy to have brought forward
+  five billion marks of tax cuts now planned for January 1988 to
+  the beginning of this year, but he said the government faced
+  political constraints getting such measures through the upper
+  house of the West German parliament.
+      But there were also limits to the impact West Germany could
+  accept on exports from a rising mark, he said.
+      Poehl said West Germany relied on exports for about
+  one-third of its gross national product, so a substantial
+  erosion of export markets could not be offset by increasing
+  demand at home.
+      "A further appreciation of the mark could even be an
+  obstacle to further growth," he said.
+      Poehl said the Bundesbank had tolerated rapid money supply
+  growth last year because the country enjoyed low inflation and
+  because external factors, including low oil prices and
+  favourable terms of trade, had given some extra leeway.
+      But Poehl said West Germany now faced a difficult dilemma
+  over monetary policy.
+      The underlying rate of inflation was now two pct, not the
+  reported negative inflation rates last year, and West Germany
+  was affected more than before by exchange rate developments.
+      "For the time being, we will have to focus our policy more
+  on the external side, and we can live with a more expansionary
+  money supply. But we must be very careful," he said.
+      He said he shared some of the U.S. Concern about Japan's
+  trade surpluses, which affected European countries as well as
+  the United States.
+      Poehl welcomed the so-called Louvre accord of monetary
+  officials of major industrialized countries, saying the
+  importance of the February 22 agreement to stabilize exchange
+  rates had been underestimated.
+      All partners had agreed that the dollar was at about the
+  right level, and that further changes would damage growth, he
+  said.
+      "This was a remarkable change in attitude, especially on the
+  part of our American colleagues," he said.
+      But he said there was still a danger that the correction of
+  the dollar's value could overshoot.
+  
+
diff --git a/reuters/training/14771 b/reuters/training/14771
new file mode 100644
index 0000000000000000000000000000000000000000..0fe76ca7b5303a850680f9392ac7a344e1c55038
--- /dev/null
+++ b/reuters/training/14771
@@ -0,0 +1,12 @@
+N.Z. UNEMPLOYMENT RATE 3.9 PCT IN DECEMBER QUARTER
+  New Zealand's unemployment rate was
+  3.9 pct of the workforce in the quarter ended December 31,
+  unchanged from a revised 3.9 pct (preliminary 3.8 pct) in the
+  previous quarter but slightly above 3.8 pct in the year-earlier
+  quarter, the Statistics Department said.
+      The Department, citing the Household Labour Force Survey,
+  said in a statement the number of unemployed in October-
+  December 1986 was 61,500 against 60,500 in the September
+  quarter and 60,500 a year earlier.
+  
+
diff --git a/reuters/training/14777 b/reuters/training/14777
new file mode 100644
index 0000000000000000000000000000000000000000..70223ee5a66d40a84846bf0206efc9a46fc992a3
--- /dev/null
+++ b/reuters/training/14777
@@ -0,0 +1,5 @@
+Bank of Japan buys dollars shortly after opening at around 145.30 yen -- dealers
+
+  Bank of Japan buys dollars shortly after opening at around 145.30 yen -- dealers
+  
+
diff --git a/reuters/training/14779 b/reuters/training/14779
new file mode 100644
index 0000000000000000000000000000000000000000..b1a0cca9e1ba9b633bbfa4a2d3c072123e1931da
--- /dev/null
+++ b/reuters/training/14779
@@ -0,0 +1,13 @@
+BANK OF JAPAN INTERVENES SOON AFTER TOKYO OPENING
+  The Bank of Japan bought a small amount of
+  dollars shortly after the opening at around 145.30 yen, dealers
+  said.
+      The central bank intervened as a medium-sized trading house
+  sold dollars, putting pressure on the U.S. Currency, they said.
+      The dollar was also supported by a major electrical
+  consumer goods company, which was a speculative dollar buyer at
+  around 145.25 yen, they added.
+      The dollar opened at 145.33 yen against 145.60/70 in New
+  York and 145.25 at the close here yesterday.
+  
+
diff --git a/reuters/training/1478 b/reuters/training/1478
new file mode 100644
index 0000000000000000000000000000000000000000..c6cad8222bb24336ccc15a91d767618deea947d4
--- /dev/null
+++ b/reuters/training/1478
@@ -0,0 +1,42 @@
+SPAIN TO LAUNCH EXPORT DRIVE
+  Spain unveils a 105 billion peseta plan
+  this month aimed at boosting exports to reach European
+  Community levels, director-general of the INFE export
+  institute, Apolonio Ruiz Ligero, said.
+      "The target is to raise exports to 20 pct of Gross Domestic
+  Product over the next four years compared to 15 pct now," he
+  said.
+       "This is the minimum prevailing level in the EC and there
+  is no reason why we should lag behind countries like Italy,
+  which have a similar productive structure," he said.
+      The plan calls for providing soft loans, tax cuts and other
+  fiscal benefits to exporters and raising Spain's presence in
+  international trade fairs.
+      Consumer goods such as fashion and wine, as well as
+  traditional industrial exports will be promoted.
+      Ruiz Ligero said INFE would double its annual budget to 20
+  billion pesetas to finance the four-year plan, while the
+  government's development aid fund (FAD) would provide a special
+  25 billion peseta grant.
+      The plan calls for boosting exports by five to six pct in
+  real terms this year after a 7.4 pct decline last year.
+      Ruiz Ligero attributed this drop to a lack of demand in
+  developing countries and a rally in domestic consumer demand,
+  which rose six pct last year after 1.9 pct in 1985.
+      He added that 80 pct of Spain's exports went to
+  Organisation for Economic Cooperation and Development (OECD)
+  countries.
+      The EC accounts for 60 pct of the market and exports to the
+  Community rose seven pct last year. The government plans to
+  concentrate efforts on Western Europe and the U.S.
+      "The problem is convincing businessmen that exports are
+  vital to survival in the context of EC competition," he said.
+      He said Spanish businessmen traditionally turned to the
+  domestic market to satisfy rises in consumer demand, while
+  turning their backs on foreign markets.
+      "They have to realise their share of the home market is
+  going to shrink with growing deregulation," he said. "Foreign
+  companies are taking up positions in the domestic economy and
+  it is it vital to secure a market share abroad."
+  
+
diff --git a/reuters/training/14783 b/reuters/training/14783
new file mode 100644
index 0000000000000000000000000000000000000000..f43160cb0f3a6c4fc50f490f6f41453211d66f9d
--- /dev/null
+++ b/reuters/training/14783
@@ -0,0 +1,12 @@
+JAPAN RUBBER STOCKS FALL IN MARCH
+  Japan's rubber stocks fell to 44,980
+  tonnes in March from 46,198 in February and from 53,784 in
+  March 1986, the Japan Rubber Trade Association said.
+      The stocks (in tonnes), with February and year-earlier
+  comparisons, were -
+                      March 87  Feb 87    March 86
+      Crude Rubber     41,536   42,094     49,551
+      Synthetic         3,334    3,978      4,044
+      Latex               110      126        189
+  
+
diff --git a/reuters/training/14785 b/reuters/training/14785
new file mode 100644
index 0000000000000000000000000000000000000000..38c17d720d82e2e1bc939597bbe92ebdbb8cc7d2
--- /dev/null
+++ b/reuters/training/14785
@@ -0,0 +1,9 @@
+SOUTH KOREAN WON FIXED AT 25-MONTH HIGH
+  THE BANK OF KOREA SAID IT FIXED THE
+  MIDRATE OF THE WON AT 844.30 TO THE DOLLAR, ITS HIGHEST LEVEL
+  SINCE FEBRUARY 26, 1985, WHEN IT WAS 843.90.
+      THE WON WAS SET at 845.50 YESTERDAY.
+      THE WON HAS RISEN 2.03 PCT AGAINST THE DOLLAR SO FAR THIS
+  YEAR, AFTER RISING 3.34 PCT IN 1986.
+  
+
diff --git a/reuters/training/1480 b/reuters/training/1480
new file mode 100644
index 0000000000000000000000000000000000000000..8bc31bb2a36375c331ce1853101aa1beea17c063
--- /dev/null
+++ b/reuters/training/1480
@@ -0,0 +1,11 @@
+ROSSIGNOL UNIT BUYS CANADIAN SKI BOOT MAKER
+  French ski and tennis equipment maker
+  <Skis Rossignol> said its 97.7-pct owned subsidiary <Skis
+  Dynastar SA> agreed to buy Canadian ski stick and boot
+  manufacturer <CFAS> from <Warrington Inc>.
+      A Rossignol spokesman declined to give financial details
+  but said turnover of CFAS was about 100 mln French francs,
+  doubling the Rossignol group's activities in the boot and stick
+  sectors.
+  
+
diff --git a/reuters/training/14805 b/reuters/training/14805
new file mode 100644
index 0000000000000000000000000000000000000000..738016bc23809f61f803edaa384eac1ff27f7263
--- /dev/null
+++ b/reuters/training/14805
@@ -0,0 +1,6 @@
+NIPPON MINING LOWERS COPPER PRICE
+  Nippon Mining Co Ltd said it lowered its
+  selling price for electrolytic copper by 10,000 yen per tonne
+  to 260,000, effective immediately.
+  
+
diff --git a/reuters/training/14818 b/reuters/training/14818
new file mode 100644
index 0000000000000000000000000000000000000000..565aa30ddc8ef282cd5c57dfe2e774ec8f92fa19
--- /dev/null
+++ b/reuters/training/14818
@@ -0,0 +1,24 @@
+AUSTRALIAN UNIONS LAUNCH NEW SOUTH WALES STRIKES
+  Australian trade unions said they have
+  launched week-long strikes and other industrial action in New
+  South Wales (NSW) to protest against new laws that would reduce
+  injury compensation payments.
+      Union sources said talks with the state government broke
+  down last night, but the two sides are scheduled to meet later
+  today in an attempt to find a compromise.
+      Rail freight and shipping cargo movements in the country's
+  most populous state were the first to be affected, and union
+  officials said almost every business sector will be hit unless
+  there is a quick settlement.
+      The state government recently introduced a new workers'
+  compensation act which would cut the cash benefits to injured
+  workers by up to a third. The act is now awaiting parliamentary
+  ratification.
+      NSW state premier Barrie Unsworth has said workers'
+  compensation has risen steeply in recent years and the proposed
+  cuts would save hundreds of mlns of dollars a year.
+      Union officials said industrial action could spread to
+  other states as the federal government also plans to make sharp
+  cuts in workers' compensation.
+  
+
diff --git a/reuters/training/1483 b/reuters/training/1483
new file mode 100644
index 0000000000000000000000000000000000000000..c74a12092bb487f6a56106bb89725d46a7f19367
--- /dev/null
+++ b/reuters/training/1483
@@ -0,0 +1,6 @@
+USF AND G CORP <FG> RAISES QUARTERLY DIVIDEND
+  Qtly div 62 cts vs 58 cts in the prior quarter
+      Payable April 30
+      Record March 20
+  
+
diff --git a/reuters/training/1488 b/reuters/training/1488
new file mode 100644
index 0000000000000000000000000000000000000000..4d4a016d70234c7053da23bb01426b63088db2e2
--- /dev/null
+++ b/reuters/training/1488
@@ -0,0 +1,10 @@
+<BRNF LIQUIDATING TRUST> SETS DISTRIBUTIONS
+  BRNF Liquidating Trust said
+  trustees declared a 13th liquidating dividend of 1.10 dlrs per
+  unit, payable April One to holders of record of its Series A, B
+  and C certificates on March 18.
+      The trust had paid a 12th liquidating distribution on
+  January 15 amounting to 1.750 dlrs on Series A, 1.815 dlrs on
+  Series B and 1.765 dlrs on Series C certificates.
+  
+
diff --git a/reuters/training/1492 b/reuters/training/1492
new file mode 100644
index 0000000000000000000000000000000000000000..d2c6cad13e2b443efb04406944bb8b9945d6366a
--- /dev/null
+++ b/reuters/training/1492
@@ -0,0 +1,8 @@
+STANLINE INC <STAN> 1ST QTR JAN 31 NET
+  Shr 20 cts vs 15 cts
+      Net 345,970 vs 257,252
+      Revs 14.0 mln vs 13.4 mln
+      NOTE: Share adjusted for five pct stock dividend in
+  December 1986.
+  
+
diff --git a/reuters/training/1493 b/reuters/training/1493
new file mode 100644
index 0000000000000000000000000000000000000000..26c3271e079949a404a23e26e00d9eaf59500151
--- /dev/null
+++ b/reuters/training/1493
@@ -0,0 +1,10 @@
+DOW CHEMICAL CO <DOW> UNIT INCREASES PRICES
+  The Dow Chemical Co said its
+  Engineering Thermoplastics Department will increase the selling
+  prices of standard grades of MAGNUM ABS resins by three cts per
+  pound.
+      It also announced an increase of five cts per pound for
+  performance grades of the resins.
+      Both increases are effective April 1, 1987.
+  
+
diff --git a/reuters/training/1494 b/reuters/training/1494
new file mode 100644
index 0000000000000000000000000000000000000000..eac51f842d721424b50161a1232b7118d635ced9
--- /dev/null
+++ b/reuters/training/1494
@@ -0,0 +1,10 @@
+SWIFT ENERGY CO <SFY> 4TH QTR NET
+  Shr 12 cts vs eight cts
+      Net 485,866 vs 316,193
+      Revs 1,741,508 vs 1,440,154
+      Year
+      Shr 28 cts vs 20 cts
+      Net 1,108,314 vs 778,197
+      Revs 5,073,178 vs 3,687,160
+  
+
diff --git a/reuters/training/1496 b/reuters/training/1496
new file mode 100644
index 0000000000000000000000000000000000000000..cae9c3d3ad38c79be3a4589e830fcd9a21a69c4a
--- /dev/null
+++ b/reuters/training/1496
@@ -0,0 +1,6 @@
+BROWNING-FERRIS INDUSTRIES INC <BFI> IN PAYOUT
+  Qtly div 20 cts vs 20 cts prior
+      Pay April 10
+      Record March 20
+  
+
diff --git a/reuters/training/1497 b/reuters/training/1497
new file mode 100644
index 0000000000000000000000000000000000000000..f81c05c19f9b5822efc76132cef64e6852089f20
--- /dev/null
+++ b/reuters/training/1497
@@ -0,0 +1,10 @@
+BUFFTON CORP <BUFF> BUYS B AND D INSTRUMENTS
+  Buffton Corp said it completed
+  the purchase of B and D Industruments Inc for two mln dlrs cash
+  and 400,000 shares of common stock.
+      It said B and D is a private company headquartered in
+  Kansas, and had sales of 4,700,000 dlrs in 1986.
+      Buffton said the company designs and manufactures aviation
+  computer display systems and engine instrumentation.
+  
+
diff --git a/reuters/training/1498 b/reuters/training/1498
new file mode 100644
index 0000000000000000000000000000000000000000..91152caad486d75ebc11b13cfe606ede32f6e8b8
--- /dev/null
+++ b/reuters/training/1498
@@ -0,0 +1,33 @@
+VEREINS- UND WESTBANK TO REORGANIZE NETWORK
+  und Westbank AG <VHBG.F> plans
+  to streamline its branch network to improve its distribution of
+  financial services, management board member Eberhard-Rainer
+  Luckey said.
+      He told a news conference on 1986 results that branches in
+  Hamburg and Schleswig-Holstein would be merged or closed, a
+  branch in Frankfurt opened and that the bank was considering
+  opening a branch in London.
+      Luckey said the bank's total operating profits rose nearly
+  29 pct in 1986. Parent bank net profit rose to 47.7 mln from
+  42.2 mln and the dividend remained unchanged at 12 marks.
+      The group balance sheet, including for the first time
+  VereinWest Overseas Finance (Jersey), rose 9.2 pct to 17.9
+  billion marks, Luckey said.
+      The parent bank balance sheet rose 89 mln marks to 13.2
+  billion, while business volume was almost unchanged at 14.8
+  billion. Credit volume eased to 9.1 billion from 9.2 billion
+  while loans to companies rose seven pct.
+      Foreign business and securities trading turnover also
+  increased. Higher earnings from trading on the bank's own
+  account contributed to record operating profits.
+      Net interest income rose on firmer interest margins by 16.1
+  mln marks to 381.6 mln. Net commission income rose 6.6 mln to
+  156.7 mln, Luckey said.
+      Foreign commercial business was influenced by a fall in
+  West German foreign trade but earnings were still satisfactory.
+      The bank's exposure in Latin America was less than two pct
+  of its total foreign credit and in Africa less than one pct.
+      The bank continued to sell some of its exposure in 1986,
+  and will also continue to stock up risk provisions, he said.
+  
+
diff --git a/reuters/training/1499 b/reuters/training/1499
new file mode 100644
index 0000000000000000000000000000000000000000..b97265e3275ed631e7e6c14f5a3c40be293cbc4a
--- /dev/null
+++ b/reuters/training/1499
@@ -0,0 +1,25 @@
+BALDRIGE CONCERNED ABOUT KOREAN/TAIWAN DEFICITS
+  Secretary of Commerce Malcolm
+  Baldrige expressed concern about the continuing U.S. trade
+  deficits with South Korea and Taiwan and said that without an
+  adjustment in exchange rates there is little likelihood of
+  improvement.
+      Speaking to the President's Export Council, an industry
+  advisory group, Baldrige said the trade deficit issue was under
+  discussion with those countries.
+      "I feel that unless we see an exchange rate adjustment we
+  probably won't be able to see much of a change in the large
+  surplus that Taiwan in particular has with us," he said.
+      In a wide-ranging discussion on U.S. trade matters,
+  Baldrige also repeated U.S. concern about an attempted takeover
+  by Japan's Fujitsu company of Fairchild Computer.
+      He said that the Japanese were resisting allowing U.S.
+  companies into the giant computer business while at the same
+  time attempting to acquire control of a U.S. company that does
+  major computer business in the U.S. market.
+      Lastly, Baldrige said that the United States was hopeful
+  that it could complete a free market agreement with Canada by
+  the autumn, but said major issues, including acid rain,
+  remained unresolved.
+  
+
diff --git a/reuters/training/1500 b/reuters/training/1500
new file mode 100644
index 0000000000000000000000000000000000000000..584ad6a73933bbcdf697bb78e151be64343e423e
--- /dev/null
+++ b/reuters/training/1500
@@ -0,0 +1,7 @@
+ALLWASTE <ALWS> TO MAKE ACQUISITION
+  Allwaste Inc said it has agreed in
+  principle to acquire an air-moving and related industrial
+  services company it did not identify for up to 1,400,000 dlrs
+  in common stock.
+  
+
diff --git a/reuters/training/1502 b/reuters/training/1502
new file mode 100644
index 0000000000000000000000000000000000000000..9735e779e5c05223fd577b19628fd5ae4179e90c
--- /dev/null
+++ b/reuters/training/1502
@@ -0,0 +1,24 @@
+CASTLE AND COOKE <CKE> TAKES FOURTH QTR LOSS
+  Castle and Cooke Inc said it would
+  take a fourth quarter after-tax loss of 33.9 mln dlrs from the
+  previously reported sale of its Flexi-Van container leasing
+  business to Itel Corp <ITEL> for about 215 mln dlrs.
+      Earlier, the company reported a loss for the fourth quarter
+  ended January 3 of 31.9 mln dlrs, or 76 cts a share, compared
+  with a loss of 3.3 mln dlrs, or 21 cts per share, in 1985's
+  fourth quarter.
+      For the year, however, the diversified holding company
+  reported a net profit of 43.9 mln dlrs, or 56 cts a share,
+  versus 46.4 mln dlrs, or 56 cts a share, in 1985.
+      David Murdock, chairman and chief executive officer, said,
+  "Both our food business and our real estate operations
+  increased their earnings during the year (1986)."
+      But, he added that Flexi-Van's 1986 results were hit by
+  depressed daily rental rates for leased equipment caused by
+  oversupplies.
+      The company also reported that George Elkas, formerly
+  executive vice president,  has been named president and chief
+  operating officer of Flexi-Van Corp, while William Burns has
+  been named executive vice president of Flexi-Van.
+  
+
diff --git a/reuters/training/1503 b/reuters/training/1503
new file mode 100644
index 0000000000000000000000000000000000000000..8befcd265c765f779762019bf4a97f3e4a4ec036
--- /dev/null
+++ b/reuters/training/1503
@@ -0,0 +1,10 @@
+FED EXPECTED TO ADD TEMPORARY RESERVES
+  The Federal Reserve is expected to
+  enter the U.S. Government securities market to add temporary
+  reserves, economists said.
+      They expect it to supply the reserves indirectly by
+  arranging around 1.5 of customer repurchase agreements.
+      Federal funds, which averaged 6.22 pct yesterday, opened at
+  six pct and remained there in early trading.
+  
+
diff --git a/reuters/training/1506 b/reuters/training/1506
new file mode 100644
index 0000000000000000000000000000000000000000..aa28cacb97c77e2bc9861b7b6742f34006187e22
--- /dev/null
+++ b/reuters/training/1506
@@ -0,0 +1,12 @@
+CONVENIENT FOOD MART <CFMI> AGREES TO BUY CHAIN
+  Convenient Food Mart Inc said it
+  has tentatively agreed to buy all the outstanding stock of
+  Plaid Pantries Inc and two associated businesses in Oregon and
+  Washington for undisclosed terms.
+      Plaid Pantries owns and operates 161 convenience stores in
+  the Portland and Seattle areas. The other business are two
+  companies involved in the wholesale distribution of groceries
+  and health and beauty aids, it said.
+      Closing is expected by May 15.
+  
+
diff --git a/reuters/training/1508 b/reuters/training/1508
new file mode 100644
index 0000000000000000000000000000000000000000..507aa80bd539c59545896b6c15b2d01417fc8daf
--- /dev/null
+++ b/reuters/training/1508
@@ -0,0 +1,5 @@
+WAL-MART STORES INC 4TH QTR SHR 65 CTS VS 47 CTS
+
+  WAL-MART STORES INC 4TH QTR SHR 65 CTS VS 47 CTS
+  
+
diff --git a/reuters/training/151 b/reuters/training/151
new file mode 100644
index 0000000000000000000000000000000000000000..623cf1c7f5a71befbfb22386ef922b2a8be7d954
--- /dev/null
+++ b/reuters/training/151
@@ -0,0 +1,10 @@
+TECHAMERICA GROUP INC <TCH> 4TH QTR LOSS
+  Shr loss six cts vs not available
+      Net loss 562,231 vs profit 10,253
+      Revs 8,871,874 vs 9,549,308
+      Year
+      Shr loss 60 cts vs loss nine cts
+      Net loss 5,058,145 vs loss 766,185
+      Revs 34.3 mln vs 35.5 mln
+  
+
diff --git a/reuters/training/1512 b/reuters/training/1512
new file mode 100644
index 0000000000000000000000000000000000000000..0d221411840c73a267a4b56e2ead4851fba51110
--- /dev/null
+++ b/reuters/training/1512
@@ -0,0 +1,10 @@
+MARINE MIDLAND <MM> BUYS BROKERAGE ASSETS
+  Marine Midland Banks Inc said it has
+  acquired the customer account base of New York discount
+  brokerage firm Ovest Financial Services Inc for undisclosed
+  terms to expand its discount brokerage operations in the
+  Northeastern U.S.
+      It said it will combine Ovest's activities with those of
+  its Marine Midland Brokerage Service unit.
+  
+
diff --git a/reuters/training/1514 b/reuters/training/1514
new file mode 100644
index 0000000000000000000000000000000000000000..070b8188a956155de79a2d7ebf163902023e0486
--- /dev/null
+++ b/reuters/training/1514
@@ -0,0 +1,5 @@
+U.S. TREASURY DEPUTY ASST SECRETARY BERGER SAYS FURTHER DOLLAR DROP COULD CAUSE INFLATION
+
+  U.S. TREASURY DEPUTY ASST SECRETARY BERGER SAYS FURTHER DOLLAR DROP COULD CAUSE INFLATION
+  
+
diff --git a/reuters/training/1519 b/reuters/training/1519
new file mode 100644
index 0000000000000000000000000000000000000000..f134efa048c79ec86d8398327fddbd99f06045e1
--- /dev/null
+++ b/reuters/training/1519
@@ -0,0 +1,10 @@
+DOM REPUBLIC SELLS CZARNIKOW 35,000 TONS SUGAR
+  The Dominican Republic sold
+  35,000 long tons of sugar for immediate delivery, with an
+  option for 25,000 tons more, to Czarnikow Rionda of New York,
+  the state sugar council announced.
+      It was not immediately clear when the sale was made or at
+  what price. A council communique said "the sale was made at the
+  best prevailing conditions in the world sugar market."
+  
+
diff --git a/reuters/training/152 b/reuters/training/152
new file mode 100644
index 0000000000000000000000000000000000000000..6b5f969b433905d9e9a11a8e5d349539a62fc359
--- /dev/null
+++ b/reuters/training/152
@@ -0,0 +1,6 @@
+WILFRED AMERICAN EDUCATIONAL <WAE> REGULAR DIV
+  Qtly div three cts vs three cts prior
+      Pay April three
+      Record March 13
+  
+
diff --git a/reuters/training/1520 b/reuters/training/1520
new file mode 100644
index 0000000000000000000000000000000000000000..c95ce5449fee5b7580cb4948a8706a7bd92b3dae
--- /dev/null
+++ b/reuters/training/1520
@@ -0,0 +1,15 @@
+EC BACKS NEW MOVE TO ENCOURAGE UNLEADED GASOLINE
+  The EC Executive Commission has backed
+  a plan to allow member countries to ban regular leaded gasoline
+  in a move designed to encourage use of unleaded fuel.
+      It said in a statement it backed a proposal to allow EC
+  states to ban sales of regular grade gasoline containing lead
+  at six months notice. The proposal, which needs approval by EC
+  ministers, would not force any member state to impose the ban.
+  "It's an option, not an obligation," a spokesman said.
+      But the Commission said imposing the ban would encourage
+  the use of unleaded fuel, as well as making it easier for gas
+  stations by cutting the number of types of gasoline they had to
+  stock.
+  
+
diff --git a/reuters/training/1521 b/reuters/training/1521
new file mode 100644
index 0000000000000000000000000000000000000000..9b1360d4e6319f851cf7e642c6f1c7766cfe5b12
--- /dev/null
+++ b/reuters/training/1521
@@ -0,0 +1,5 @@
+SUN RAISES CRUDE OIL POSTINGS ONE DLR ACROSS BOARD. WTI NOW 17.00 DLRS/BBL
+
+  SUN RAISES CRUDE OIL POSTINGS ONE DLR ACROSS BOARD. WTI NOW 17.00 DLRS/BBL
+  
+
diff --git a/reuters/training/1524 b/reuters/training/1524
new file mode 100644
index 0000000000000000000000000000000000000000..c23c82b5e7421d749bcb6b830252f4b50acdddde
--- /dev/null
+++ b/reuters/training/1524
@@ -0,0 +1,10 @@
+<DEVTEK CORP> 2ND QTR JAN 31 NET
+  Shr 14 cts vs nine cts
+      Net 1,180,000 vs 640,000
+      Revs 25.6 mln vs 20.1 mln
+      Six mths
+      Shr 26 cts vs 12 cts
+      Net 2,103,000 vs 853,000
+      Revs 44.8 mln vs 33.0 mln
+  
+
diff --git a/reuters/training/1525 b/reuters/training/1525
new file mode 100644
index 0000000000000000000000000000000000000000..f0eda0c2289359c0345692f77647c4f162816cbb
--- /dev/null
+++ b/reuters/training/1525
@@ -0,0 +1,8 @@
+SAXTON INDUSTRIES LTD <SAXIF> YEAR NET
+  Shr 13 cts vs 41 cts
+      Net 1,079,100 vs 3,535,205
+      Revs 13.6 mln vs 16.2 mln
+      Note: Current results for 16 months after change in fiscal
+  year end to December 31 from August 31
+  
+
diff --git a/reuters/training/1526 b/reuters/training/1526
new file mode 100644
index 0000000000000000000000000000000000000000..3e579e5118899b6170d2e3112e1fed1a65d048e1
--- /dev/null
+++ b/reuters/training/1526
@@ -0,0 +1,7 @@
+TORONTO SUN PLANS TWO-FOR-ONE STOCK SPLIT
+  <Toronto Sun Publishing Corp> said it
+  planned a two-for-one split of its common shares, subject to
+  regulatory approval and approval by shareholders at the April
+  21 annual meeting.
+  
+
diff --git a/reuters/training/1527 b/reuters/training/1527
new file mode 100644
index 0000000000000000000000000000000000000000..69b283b06cbf2de5d67b014f366ae1d9369cf727
--- /dev/null
+++ b/reuters/training/1527
@@ -0,0 +1,6 @@
+SERVO CORP OF AMERICA <SCA> 1ST QTR JAN 31 NET
+  Shr 43 cts vs 41 cts
+      Net 316,000 vs 298,000
+      Sales 4,857,000 vs 4,543,000
+  
+
diff --git a/reuters/training/1528 b/reuters/training/1528
new file mode 100644
index 0000000000000000000000000000000000000000..8af3f2eebd5fa7dfaf3e4e0dbc344da0b29c91cb
--- /dev/null
+++ b/reuters/training/1528
@@ -0,0 +1,15 @@
+ELECTRO-NUCLEONICS INC <ENUC> 2ND QTR DEC 31
+  Shr loss 1.77 dlrs vs profit 15 cts
+      Net loss 8,036,000 vs profit 576,000
+      Sales 16.2 mln vs 17.2 mln
+      Avg shrs 4,539,437 vs 3,816,580
+      1st half
+      Shr loss 1.96 dlrs vs profit 26 cts
+      Net loss 8,231,000 vs profit 996,000
+      Sales 30.9 mln vs 32.2 mln
+      Avg shrs 4,205,707 vs 3,814,141
+      NOTE: Current half net includes 68,000 dlr tax credit.
+      Current year net both periods includes 6,700,000 dlr
+  writedown of inventory of clinical chemistry products.
+  
+
diff --git a/reuters/training/1529 b/reuters/training/1529
new file mode 100644
index 0000000000000000000000000000000000000000..7511fa4c13b66f6333d4e0ec138c7d43ff15df4c
--- /dev/null
+++ b/reuters/training/1529
@@ -0,0 +1,10 @@
+WAL-MART STORES INC <WMT> 4TH QTR JAN 31 NET
+  Shr 65 cts vs 47 cts
+      Net 184.3 mln vs 133.1 mln
+      Sales 3.85 billion vs 2.77 billion
+      Year
+      Shr 1.59 dlrs vs 1.16 dlrs
+      Net 450.1 mln vs 327.5 mln
+      Sales 11.91 billion vs 8.45 billion
+  
+
diff --git a/reuters/training/153 b/reuters/training/153
new file mode 100644
index 0000000000000000000000000000000000000000..6ea4fd74ad5e14d9a10036d95c4eac0c04d57291
--- /dev/null
+++ b/reuters/training/153
@@ -0,0 +1,14 @@
+DREXEL OFFICIAL HAS STAKE IN EPSILON DATA <EPSI>
+  A senior official of Drexel Burnham
+  Lambert Inc and his father told the Securities and Exchange
+  Commission they have acquired 258,591 shares of Epsilon Data
+  Management Inc, or 9.4 pct of the total outstanding.
+      Kenneth Thomas, senior vice president-investments at
+  Drexel's Los Angeles office, and his father, retired university
+  professor C.A. Thomas, said they bought the stake for 2.1 mln
+  dlrs primarily for investment purposes.
+      They said they may buy more stock or sell some or all of
+  their stake, depending on market conditions, but have no plans
+  to seek control of the company.
+  
+
diff --git a/reuters/training/1532 b/reuters/training/1532
new file mode 100644
index 0000000000000000000000000000000000000000..78f603d37741e185cedbd316584ec75df0c7df65
--- /dev/null
+++ b/reuters/training/1532
@@ -0,0 +1,6 @@
+<MIRTONE INTERNATIONAL INC> 1ST QTR DEC 31 NET
+  Shr two cts vs two cts
+      Net 407,396 vs 376,243
+      Revs 5,341,353 vs 4,292,819
+  
+
diff --git a/reuters/training/1533 b/reuters/training/1533
new file mode 100644
index 0000000000000000000000000000000000000000..fceb28a94c869d0b2c1b378cfa88944b63e42244
--- /dev/null
+++ b/reuters/training/1533
@@ -0,0 +1,17 @@
+U.S. TREASURY AIDE WARNS ON INFLATION
+  Thomas Berger, Deputy Assistant
+  Secretary of the Treasury, said that a further drop in the
+  exchange value of the dollar could cause prices to go up and
+  trigger inflation.
+      He told a meeting of the President's Export Council that
+  the Japanese and the Germans have cut their profit margins to
+  reflect recent drops in the dollar, so prices have remained
+  much the same.
+      But he added that if the dollar dropped further there could
+  be inflation in the United States.
+      Berger also said that a further devalued dollar may cause
+  economic depressions in some U.S. trading partners, and that
+  would not be in America's interest because it would close those
+  markets to U.S. goods.
+  
+
diff --git a/reuters/training/1535 b/reuters/training/1535
new file mode 100644
index 0000000000000000000000000000000000000000..70c9d3138374cd4700d6bc076e15a41644b5d83b
--- /dev/null
+++ b/reuters/training/1535
@@ -0,0 +1,66 @@
+LEAF DISEASE HITS SRI LANKA RUBBER
+  A leaf disease affecting seven pct of
+  Sri Lanka's rubber plantations may reduce output this year and
+  raise currently depressed prices, industry officials and
+  researchers told Reuters.
+      About 2,900 hectares of rubber planted with the Rubber
+  Research Institute (RRI) clone 103 have been hit by the fungus
+  "corenes pora" which attacks the roots of the tree and kills the
+  leaves. The disease was first discovered about six months ago.
+      Trade sources say prices might boom once again if the
+  crisis leads to output below the 1987 target of 143,000 tonnes.
+  Last year's output is estimated at between 133,000 and 135,000
+  tonnes.
+      Researchers say the fungus could spread to other rubber
+  clones if no immediate action is taken.
+      "The RRI is considering asking estates to remove the trees
+  seriously affected by the fungus because it was too late to use
+  chemicals to kill the disease," an Institute spokesman said.
+      Senior industry and research officials met yesterday at
+  Padukka, east of here, to discuss ways of controlling the
+  fungus which is affecting estates mostly belonging to the State
+  Plantations Corp and Janatha Estates Development Board.
+      The two state-owned groups account for 30 pct of rubber
+  land with the balance belonging to small private producers with
+  a total of 145,600 hectares.
+      The RRIC 103 is a new clone propagated by the Research
+  Institute as high yielding and recommended two years ago for
+  planting. Only the two state groups seriously planted these
+  clones while smallholders preferred the low-yielding but older
+  PBX Malaysian clones.
+      Officials at yesterday's crisis meeting said it was decided
+  to uproot only some of the affected trees while others would be
+  treated. They declined to comment on other decisions taken.
+      Trade sources said supplies had improved in the past week
+  but prices had hit their lowest since last December. "If there
+  is a shortage of rubber, prices are bound to rise," a spokesman
+  for a company buying on behalf of the Soviet Union said.
+      Rubber prices, particularly crepe, fell sharply by about
+  four rupees a kilo between December and March. The best crepe
+  one-X traded at 23.68 rupees a kilo, averaged 19.75 at this
+  week's auction. Sheet prices fell by a rupee in the same
+  period.
+      Quantities offered at the auction also fell to an average
+  of 300 tonnes per auction last month from 800 tonnes in
+  December because of wintering in early February in producing
+  areas.
+      Over 550 tonnes were offered at this Tuesday's auction with
+  the supply position showing improvements.
+      Trade sources said the smaller availability of rubber last
+  month did not raise prices as on previous occasions.
+      "Some factors, like less storage space from excess stocks,
+  meant we could not buy much at the auction until we disposed of
+  the rubber we already had," one buyer said.
+      Other sources said there were few forward contracts and
+  speculative buying last month, while delays in steamer arrivals
+  aggravated the problem.
+      European buyers delayed their purchases because of winter
+  closures of factories and also in the hope that prices would
+  ease further.
+      They said another problem that could hit the industry is
+  the dry spell in producing areas. "If the inter-monsoonal rains
+  expected in late March/April are delayed, we would have further
+  shortages," one official said.
+      "But this again could benefit prices," a buyer said.
+  
+
diff --git a/reuters/training/1536 b/reuters/training/1536
new file mode 100644
index 0000000000000000000000000000000000000000..8b51df315a0812ed0983dea38b4fb4b13b40418b
--- /dev/null
+++ b/reuters/training/1536
@@ -0,0 +1,6 @@
+PYRO ENERGY CORP <BTU> YEAR NET
+  Shr 36 cts vs 66 cts
+      Net 4,775,000 vs 9,342,000
+      Revs 105.5 mln vs 130.0 mln
+  
+
diff --git a/reuters/training/1537 b/reuters/training/1537
new file mode 100644
index 0000000000000000000000000000000000000000..44145eb97ecf0aac104948e4ed4f8e686ca27b28
--- /dev/null
+++ b/reuters/training/1537
@@ -0,0 +1,10 @@
+EC COMMISSION DETAILS SUGAR TENDER
+  The European Commission confirmed it
+  authorised the export of 60,500 tonnes of current series white
+  sugar at a maximum rebate of 43.147 European Currency Units
+  (ECUs) per 100 kilos.
+      Out of this, traders in the U.K. Received 43,500 tonnes, in
+  the Netherlands 12,000, in Denmark 4,000 and in West Germany
+  1,000 tonnes.
+  
+
diff --git a/reuters/training/1541 b/reuters/training/1541
new file mode 100644
index 0000000000000000000000000000000000000000..3e625e32a96fbd4820dd2a5c7e56b4a62c659f16
--- /dev/null
+++ b/reuters/training/1541
@@ -0,0 +1,15 @@
+UNITRODE CORP <UTR> 4TH QTR JAN 31 LOSS
+  Shr loss 13 cts vs profit 10 cts
+      Net loss 1,804,062 vs profit 1,370,063
+      Revs 33.5 mln vs 40.4 mln
+      12 mths
+      Shr loss 51 cts vs profit cts
+      Net loss 7,030,235 vs profit 9,163,141
+      Revs 149.4 mln vs 167.9 mln
+      NOTE: income before taxes for the 12 mths ended Jan 1987
+  includes gains 895,000 for fire insurance settlement, and
+  unusual charges of 7,900,000 for provisions for estimated cost
+  of severance pay for terminated workers and a one-time
+  writedown of inventory and equipment.
+  
+
diff --git a/reuters/training/1543 b/reuters/training/1543
new file mode 100644
index 0000000000000000000000000000000000000000..fd54712e379ba48ad46b9b7a3a9c923d65dca48a
--- /dev/null
+++ b/reuters/training/1543
@@ -0,0 +1,16 @@
+BUEHLER INTERNATIONAL INC <BULR> 4TH QTR NET
+  Shr five cts vs 20 cts
+      Qtly div two cts vs two cts prior
+      Net 223,000 vs 1,418,000
+      Sales 15.3 mln vs 17.1 mln
+      Year
+      Shr 61 cts vs 81 cts
+      Net 3,106,000 vs 5,940,000
+      Sales 63.0 mln vs 59.5 mln
+      NOTE: 1986 net includes tax credits of 63,000 dlrs in
+  quarter and 1,365,000 dlrs in year.
+      1986 net both periods includes 500,000 dlr pretax inventory
+  writedown.
+      Dividend pay March 27, record March 5.
+  
+
diff --git a/reuters/training/1545 b/reuters/training/1545
new file mode 100644
index 0000000000000000000000000000000000000000..2c70b5304f4c5a2d0a7b9071ceac81d32cc6a0d3
--- /dev/null
+++ b/reuters/training/1545
@@ -0,0 +1,6 @@
+STANHOME INC <STH> RAISES QUARTERLY TWO CTS
+  Qtly div 23 cts vs 21 cts prior
+      Pay April 1
+      Record March 16
+  
+
diff --git a/reuters/training/1546 b/reuters/training/1546
new file mode 100644
index 0000000000000000000000000000000000000000..44f7defafea4bb5601134a3598bcc4207d6422ba
--- /dev/null
+++ b/reuters/training/1546
@@ -0,0 +1,6 @@
+INSTRON CORP <ISN> SETS QUARTERLY
+  Qtly div three cts vs three cts prior
+      Pay April 2
+      Record March 16
+  
+
diff --git a/reuters/training/1550 b/reuters/training/1550
new file mode 100644
index 0000000000000000000000000000000000000000..06bb22966ae2e85ba9a273cd369fb21fee3c8861
--- /dev/null
+++ b/reuters/training/1550
@@ -0,0 +1,23 @@
+GERMAN INSTITUTE SEES INFLATION RISING IN 1987
+  The cost of living in West Germany will
+  likely be about 0.5 pct higher on average in 1987 than in 1986,
+  when the cost of living actually fell by an average 0.2 pct in
+  the first recurrence of "negative inflation" since the 1950s, the
+  HWWA economic research institute said.
+      The re-emergence of inflation will result mainly from the
+  fading of two factors which influenced the fall in the 1986
+  cost of living - the steep decline in both oil prices and the
+  value of the dollar, the institute said in a report.
+      The institute said inflation will see a rising trend in the
+  course of 1987, but will average only 0.5 pct for the year as a
+  whole because year on year rates will remain negative in the
+  first part of 1987.
+      Provisional inflation figures for February released last
+  week showed the cost of living last month was 0.5 pct lower
+  than in February 1986. In January prices had fallen 0.8 pct
+  against the same month a year earlier.
+      The HWWA said its forecast assumed the dollar would remain
+  around 1.80 marks and oil prices would range between 15 and 17
+  dlrs per barrel.
+  
+
diff --git a/reuters/training/1553 b/reuters/training/1553
new file mode 100644
index 0000000000000000000000000000000000000000..669e503288c849877c4260383948013434a5a1b1
--- /dev/null
+++ b/reuters/training/1553
@@ -0,0 +1,55 @@
+FED DRAFTS CURRENCY, RATE SWAP RISK GAUGE
+  The Federal Reserve Board voted
+  unanimously to propose a formula for calculating the risk of
+  interest rate and currency swaps as part of its ongoing effort
+  to come up with a new capital standard for U.S. banks that
+  takes into account the riskiness of a bank's loans and other
+  assets.
+      Fed officials said an identical proposal was being issues
+  today by the Bank of England.
+      The Fed set a 60-day period for public comment on the plan.
+      The proposal adopted today addresses only the credit risks
+  associated with interest rate swaps, forward foreign exchange
+  contracts and similar financial instruments.
+      Previously, the Fed Jan. 8 proposed a series of guidelines
+  for calculating the risk of other off-balance-sheet activities
+  that banks would be required to take into account in
+  calculating the minimum financial cushion they would need to
+  maintain.
+      Both guidelines set five broad categories of risk for loans
+  and other bank assets and assigned to each a level of risk that
+  would establish a bank's minimum capital needs.
+      The additional guidelines proposed today would determine
+  the amount of capital support required for a bank's current
+  exposure for a given asset and the potential future exposure.
+      The current exposure would be measured by the
+  mark-to-market value of the asset, which would reflect the
+  replacement cost.
+      Potential future increases in the replacement cost would be
+  calculated using credit conversion factors based on statistical
+  analyses by the staffs of the Bank of England and U.S. banking
+  regulators. Future exposure would rise over the life of the
+  asset.
+      The Fed staff said the risk gauge attempted to balance
+  conflicting needs for precision and simplicity.
+      They ignore, for example, the relative volatility of the
+  particular currencies involved in exchange rate contracts.
+      Board officials said the new gauge could increase the
+  capital required of the largest money center banks, which are
+  the principal participants in these types of activities.
+      They cautioned the Fed board to take account of the
+  potential impact of the plan on the ability of U.S. banks to
+  compete in world financial markets.
+      However, the staff concluded, "The credit risks inherent in
+  such contracts now constitute a significant element of the risk
+  profiles of some banking organizations."
+      The Fed proposal would exempt all but the 20-25 largest
+  participants in this market, on grounds the benefits of
+  including the smaller banks would be outweighed by costs.
+      Also excluded would be interest rate and foreign exchange
+  contracts traded on organized exchanges.
+      Governor Martha Seger said she was concerned that Japan was
+  not involved in the U.K.-U.S. effort to draft new capital
+  rules.
+  
+
diff --git a/reuters/training/1554 b/reuters/training/1554
new file mode 100644
index 0000000000000000000000000000000000000000..bbb59189b4f4f7359a2969c28c336aa98f4f3cbe
--- /dev/null
+++ b/reuters/training/1554
@@ -0,0 +1,13 @@
+IDEAL SCHOOL SUPPLY CORP <IDEL> 4TH QTR NET
+  Oper shr 10 cts vs eight cts
+      Oper net 325,000 vs 228,000
+      Sales 7,070,000 vs 6,483,000
+      Avg shrs 3,313,000 vs three mln
+      Year
+      Oper shr 69 cts vs 51 cts
+      Oper net 2,124,000 vs 1,536,000
+      Sales 31.2 mln vs 22.7 mln
+      Avg shrs 3,071,000 vs three mln
+      NOTE: 1986 net both periods includes 72,000 dlr tax credit.
+  
+
diff --git a/reuters/training/1555 b/reuters/training/1555
new file mode 100644
index 0000000000000000000000000000000000000000..4d18eb143788c66e2a60cdbef3e23dc5bc83c71f
--- /dev/null
+++ b/reuters/training/1555
@@ -0,0 +1,6 @@
+SALOMON INC <SB> SETS REGULAR QUARTERLY
+  Qtly div 16 cts vs 16 cts prior
+      Pay April One
+      Rcord March 20
+  
+
diff --git a/reuters/training/1556 b/reuters/training/1556
new file mode 100644
index 0000000000000000000000000000000000000000..d2cdaca7b8a70f19d08f7e9d72a57d0df96c357f
--- /dev/null
+++ b/reuters/training/1556
@@ -0,0 +1,17 @@
+JANUARY CRUDE OIL MOVEMENTS FALL SEVEN MLN TONS
+  Worldwide spot crude oil movements fell
+  to 30.07 mln long dwt in February from 37.25 mln tons in
+  January and 41.44 mln in December, London shipbroker Howard
+  Houlder said.
+      The decline mainly reflected a sharp drop in movements out
+  of the Mideast Gulf, which totalled 7.4 mln tons last month
+  against 11.65 mln in January. These included shipments to
+  western options at 2.05 mln tons against 3.59 mln previously.
+      Liftings from the Gulf to eastern options fell to 4.15 mln
+  tons from 5.94 mln and those from the Gulf to other areas
+  dropped to 1.2 mln tons from 2.13 mln, Howard Houlder said.
+      U.K./Continent coastal movements declined sharply to 2.91
+  mln tons from 4.77 mln but those from the U.K./Continent to the
+  U.S. rose to 1.99 mln from 1.69 mln.
+  
+
diff --git a/reuters/training/1557 b/reuters/training/1557
new file mode 100644
index 0000000000000000000000000000000000000000..8901a52de733c76408018d614c83248d3f58dd08
--- /dev/null
+++ b/reuters/training/1557
@@ -0,0 +1,47 @@
+EC SOURCES DETAIL NEW FARM SOCIAL PACKAGE
+  The 350 mln Ecu three-year package of
+  social and structural measures agreed early today by European
+  Community farm ministers features a plan to compensate farmers
+  for reducing output of certain surplus products, EC Commission
+  sources said.
+      The ministers agreed that under this "extensification"
+  scheme, farmers would qualify for compensation if they cut
+  output of specific products by at least 20 pct.
+      The plan would initially apply to cereals, beef, veal and
+  wine, they added.
+      Cereals farmers would have to achieve their output cuts by
+  reducing acreage, while cattle farmers would reduce their
+  number of head and vinegrowers would cut yield. In each case,
+  farmers would have to undertake not to step up their capacity
+  for output of other products which are in surplus in the EC.
+      The sources said payment levels have not yet been fixed but
+  will be designed to compensate farmers for loss of profit on
+  the production they forego.
+      The sources said the package also contains provisions for
+  payments to farmers who embark on a program aimed at protecting
+  or improving the environment.
+      It would also mean compensatory allowances in less favoured
+  farming areas would be extended to crops. At present such
+  allowances are available only for livestock.
+      The package would provide 20 mln Ecus for research into
+  alternative farming techniques, the sources added.
+      At a news conference EC Farm Commissioner Frans Andriessen
+  said the Commission is also working on proposals to enable the
+  EC and member states to provide direct income supports for
+  relatively poor farmers.
+      Andriessen did not give full details, but said member state
+  aid would be subject to "strict criteria to avoid distortion of
+  competition."
+      EC payments would aim to help farmers to survive a
+  difficult period while the EC tackles the problems of surplus
+  production.
+      The Commission withdrew from the package agreed last night
+  proposals to pay "early retirement" pensions to farmers aged 55
+  or over who gave up production. Those who took their land
+  completely out of farm production, rather than passing it on to
+  their heirs, would have received more generous payments.
+      Andriessen said the Commission plans to present revised
+  proposals along these lines in an effort to get a scheme
+  agreed.
+  
+
diff --git a/reuters/training/1560 b/reuters/training/1560
new file mode 100644
index 0000000000000000000000000000000000000000..be53cc7c7acbcd22e728422c1e8e249d807781cc
--- /dev/null
+++ b/reuters/training/1560
@@ -0,0 +1,59 @@
+U.S., BRITAIN AGREE FURTHER BANK CAPITAL PROPOSALS
+  The Bank of England and the U.S. Federal
+  Reserve Board have agreed new proposals for joint standards to
+  measure the risk of an array of credit exposures that do not
+  show up in bank balance sheets, the Bank of England said.
+      The plan, covering swaps, forward contracts and options
+  involving interest or exchange rates, complements proposals
+  agreed in January between the two central banks to make
+  commercial banks in the U.S. And Britain subject to similar
+  standards for measuring capital adequacy, the proposal said.
+      It said no final decisions had been reached yet and banks
+  have until April 16 to comment on the trunk proposals.
+      The Bank of England and Fed said they had faced a dilemma.
+      "On the one hand (we) are determined to require adequate
+  capital support for potential future exposure -- on the other
+  hand (we) are concerned that overly stringent capital
+  requirements might unnecessarily affect the ability of U.S. And
+  U.K. Banking organisations to price...Contracts competitively."
+       At the basis of the new proposals lies the concept of the
+  so-called credit equivalent amount - the current value of a
+  currency or interest rate contract and an estimate of its
+  potential change in value due to currency or interest rate
+  fluctuations until the contract matures.
+      In treatment similar to that agreed in January for balance
+  sheet assets, the credit equivalent will be assigned one of
+  five risk weights between zero and 100 pct, depending on the
+  quality of the counterparty, the remaining maturity of the
+  contract and on collaterals or guarantees to the contract, the
+  plans showed.
+      The proposal showed that collaterals and guarantees would
+  not be recognised in calculating credit equivalent amounts.
+      They would, however, be reflected in the assignment of risk
+  weights. The only guarantees recognised are those given by U.S.
+  And U.K. Governments or, in the U.S., By domestic national
+  government agencies, the proposals showed.
+      The paper said the proposed rules would not cover spot
+  foreign exchange contracts and securities traded in futures and
+  options exchanges.
+      It said U.S. Regulatory authorities and the Bank of England
+  were keen to encourage banks to "net" contracts -- consolidate
+  multiple contracts with the same counterparty into one single
+  agreement to create one single payments stream.
+      It recognised that "such arrangements may in certain
+  circumstances reduce credit risk and wish to encourage their
+  further development and implementation," and said some of the
+  current proposals may be changed to take this into account.
+      The paper said the proposed rules would not cover spot
+  foreign exchange contracts and securities traded in futures and
+  options exchanges.
+      It said U.S. Regulatory authorities and the Bank of England
+  were keen to encourage banks to "net" contracts -- consolidate
+  multiple contracts with the same counterparty into one single
+  agreement to create one single payments stream.
+      It recognised that "such arrangements may in certain
+  circumstances reduce credit risk and wish to encourage their
+  further development and implementation," and said some of the
+  current proposals may be changed to take this into account.
+  
+
diff --git a/reuters/training/1562 b/reuters/training/1562
new file mode 100644
index 0000000000000000000000000000000000000000..09ac61cbc96fd5a8d50e181385bf3098c539633d
--- /dev/null
+++ b/reuters/training/1562
@@ -0,0 +1,14 @@
+PIEDMONT AVIATION <PIE> BOARD TO MEET TODAY
+  Piedmont Avaition Inc's board of
+  directors will conduct a special meeting beginning at 1400 est
+  today, a Piedmont spokesman said.
+      The spokesman would not say what was on the agenda.
+      In mid-February, Piedmont said its board would meet to
+  discuss all proposals to acquire the company. Its board also
+  withdrew a recommendation to accept a 65 dlrs a share cash
+  offer from Norfolk Southern Corp <NSC> in light of a competing
+  revised bid from U.S. Air Group Inc <U>. U.S. Air offer to buy
+  50 pct of the company's stock for 71 dlrs a share cash, and the
+  remaining for 73 dlrs a share of its stock.
+  
+
diff --git a/reuters/training/1563 b/reuters/training/1563
new file mode 100644
index 0000000000000000000000000000000000000000..92beecee098e552c1461665861b9db017574d883
--- /dev/null
+++ b/reuters/training/1563
@@ -0,0 +1,12 @@
+FIRST UNION <FUR> LEAVES DIVIDEND UNCHANGED
+  First Union Real Estate Investments
+  said its board left the quarterly dividend unchanged at 37-1/2
+  cts per share, payable April 30, record March 31.
+      The trust, which has raised its quarterly dividend
+  frequently in the past two years and in the first quarter in
+  both years, said the Tax Reform Act of 1986 has limited its
+  flexibility on dividends, and trustees will now consider the
+  appropriateness of any dividend increases only during the later
+  quarters of the year.
+  
+
diff --git a/reuters/training/1564 b/reuters/training/1564
new file mode 100644
index 0000000000000000000000000000000000000000..0150f8a2e6fdb26a84e8f02ab3ca214412550cb8
--- /dev/null
+++ b/reuters/training/1564
@@ -0,0 +1,10 @@
+RYKOFF-SEXTON INC <RYK> 3RD QTR JAN 31 NET
+  Shr 21 cts vs 28 cts
+      Net 1,456,000 vs 1,925,000
+      Sales 258.7 mln vs 290.2 mln
+      Nine Mths
+      Shr 77 cts vs 1.10 dlrs
+      Net 5,384,000 vs 7,658,000
+      Sales 804.3 mln vs 760.1 mln
+  
+
diff --git a/reuters/training/1566 b/reuters/training/1566
new file mode 100644
index 0000000000000000000000000000000000000000..e77f94b6d764def7b3a917b4280a9e972cf64830
--- /dev/null
+++ b/reuters/training/1566
@@ -0,0 +1,9 @@
+SYSTEM SOFTWARE ASSOCIATES <SSAX> 1ST QTR NET
+  Periods end January 31, 1987 and 1986
+      Shr 12 cts vs nine cts
+      Net 507,000 vs 362,000
+      Revs 5,010,000 vs 3,558,000
+      NOTE: System Software Associates Inc is full name of
+  company.
+  
+
diff --git a/reuters/training/1567 b/reuters/training/1567
new file mode 100644
index 0000000000000000000000000000000000000000..9ba09c646bf799a2931e97253980923929f79e6d
--- /dev/null
+++ b/reuters/training/1567
@@ -0,0 +1,6 @@
+GEICO CORP <GEC> RAISES QTRLY DIVIDEND
+  Qtrly div 34 cts vs 27 cts prior
+      Pay March 31
+      Record March 16
+  
+
diff --git a/reuters/training/1568 b/reuters/training/1568
new file mode 100644
index 0000000000000000000000000000000000000000..5149195e91561071a13e05b3dd0950c42fbbd5cd
--- /dev/null
+++ b/reuters/training/1568
@@ -0,0 +1,6 @@
+STANLEY WORKS <SWK> SETS QUARTERLY
+  Qtly div 19 cts vs 19 cts prior
+      Pay March 31
+      Record March 12
+  
+
diff --git a/reuters/training/1569 b/reuters/training/1569
new file mode 100644
index 0000000000000000000000000000000000000000..a18bc87befad5d79320374093f76aafe106e8b75
--- /dev/null
+++ b/reuters/training/1569
@@ -0,0 +1,8 @@
+NOVELL INC <NOVL> 1ST QTR JAN 31 NET
+  Shr 31 cts vs 20 cts
+      Net 3,541,000 vs 2,071,000
+      Sales 29.9 mln vs 14.5 mln
+      Avg shrs 11.6 mln vs 10.4 mln
+      NOTE Fourteen vs 13-week periods.
+  
+
diff --git a/reuters/training/157 b/reuters/training/157
new file mode 100644
index 0000000000000000000000000000000000000000..5b86ea109449a77f5f10967a8f5d526561c78792
--- /dev/null
+++ b/reuters/training/157
@@ -0,0 +1,20 @@
+<NOVA> WINS GOVERNMENT OKAY FOR HUSKY <HYO> DEAL
+  Nova, the Canadian company that
+  owns 56 pct of Husky Oil Ltd, said it received government
+  approval for a transaction under which <Union Faith Canada
+  Holding Ltd> would buy a 43 pct stake in Husky.
+      Nova said the Minister of Regional and Industrial
+  Expansion, Michel Cote, ruled that Union Faith's purchase of
+  the Husky stake would not result in Husky ceding control to a
+  non-Canadian company. It said this ruling was a key condition
+  in completing the deal.
+      Union Faith is equally owned by <Hutchison Whampoa Ltd> and
+  <Hong Kong Electric Holdings Ltd>.
+      Under the agreement with Union Faith, Husky will become a
+  private company with Union Faith and Nova each holding 43 pct
+  of its stock.
+      Nine pct of Husky would be owned by relatives of Li
+  Ka-Shing, chairman of Hutchison, and five pct by the Canadian
+  Imperial Bank of Commerice.
+  
+
diff --git a/reuters/training/1570 b/reuters/training/1570
new file mode 100644
index 0000000000000000000000000000000000000000..fbc7b5e21882e927e0d73484145acc0bb39af2bc
--- /dev/null
+++ b/reuters/training/1570
@@ -0,0 +1,14 @@
+FROST NOT EXPECTED TO DAMAGE POLAND'S WHEAT
+  Poland's winter wheat is likely to
+  survive recent frosts but the impact of the cold will not be
+  known until late April, the Polish meteorology institute said.
+      Some varieties of winter wheat sown in Poland can survive
+  ground temperatures as low as minus 20 degrees C, Spokesman
+  Teresa Tomaszewska told Reuters.
+      Even though an earlier thin protective layer of snow mainly
+  melted in February, air temperatures down to minus 30 C should
+  not be harmful, she said, but added that wheat can still be
+  damaged by cold spells in March and April, when young shoots
+  may be exposed to night frosts.
+  
+
diff --git a/reuters/training/1571 b/reuters/training/1571
new file mode 100644
index 0000000000000000000000000000000000000000..402cc1e890410a3dd5d273ca3915b152838cb08d
--- /dev/null
+++ b/reuters/training/1571
@@ -0,0 +1,12 @@
+BROWN-FORMAN <BFDB> TO CHANGE RECORD DATES
+  Brown-Forman Inc said at the
+  suggestion of the American Stock Exchange it has changed the
+  record date for the 28 ct per share quarterly dividend on its
+  Class A and Class B common stock that is payable April One to
+  March 20 from March 13, to coincide with the record date for a
+  three-for-two stock split declared February 26.
+      It said the record date for the dividend on its four pct
+  cumulative preferred stock has also been changed to March 20
+  from March 13.
+  
+
diff --git a/reuters/training/1572 b/reuters/training/1572
new file mode 100644
index 0000000000000000000000000000000000000000..b96ae88099ded3440730827131a4806c72707664
--- /dev/null
+++ b/reuters/training/1572
@@ -0,0 +1,14 @@
+GOODYEAR TIRE <GT> DETAILS 1986 TAX REFUND
+  Goodyear Tire and Rubber Co said its
+  1986 results include a tax refund of 75.7 mln dlrs from the
+  costs of restructuring the company in a successful defense
+  against a takeover attempt by James Goldsmith.
+      Chairman Robert Mercer said, "Heavy restructuring costs
+  related to the takeover attempt combined with government tax
+  incentives for investments ... resulted in this federal tax
+  refund."
+      The refund was included but not broken out in its initial
+  1986 results, a spokesman said. It reported 1986 net income of
+  124.1 mln dlrs against 412.4 mln dlrs a year earlier.
+  
+
diff --git a/reuters/training/1575 b/reuters/training/1575
new file mode 100644
index 0000000000000000000000000000000000000000..bd99a02b6d6d286294c3d81f27c8125177ef7465
--- /dev/null
+++ b/reuters/training/1575
@@ -0,0 +1,26 @@
+GREAT NORTHERN NEKOOSA <GNN> ANNOUNCES SPLIT
+  The Great Northern Nekoosa Corp
+  said it will recommend to shareholders a two-for-one common
+  stock split.
+      The company said it will make the proposal to shareowners
+  at its annual mmeting May 6 in Dothan, Ala., near the company's
+  Great Southern Paper division operations.
+      In conjunction with the stock split proposal, the
+  shareowners will be asked to approve an increase in the
+  authorized common stock from 60 mln to 150 mln shares, the
+  company said.
+      The company said it will propose an increase in its
+  dividend rate if the split is approved effective with the June
+  payment.
+      The company said the present rate on GNN common is 43 cts
+  per share. The company said it would recommend a quarterly rate
+  of 23 cts a share on the split stock. This would be equal to a
+  dividend of 46 cts a share on the present common, seven pct
+  higher than the current rate.
+      The company said it had increased the dividend by 13 pct
+  last December. Great Northern Nekoosa's last common stock
+  split, a three-for-two, was in December 1983, it said.
+      As of Dec 31, 1986, there were 26,661,770 shares of GNN
+  common stock outstanding, according to the company.
+  
+
diff --git a/reuters/training/1577 b/reuters/training/1577
new file mode 100644
index 0000000000000000000000000000000000000000..fbba0551ba4afab397e19d9505c140d607a67a58
--- /dev/null
+++ b/reuters/training/1577
@@ -0,0 +1,14 @@
+HARRIS LIFTS BUILDERS TRANSPORT <TRUK> STAKE
+  Harris Associates L.P., a Chicago
+  investment advisor, said it raised its stake in Builders
+  Transport Inc to the equivalent of 466,754 shares, or 9.1 pct
+  of the total outstanding, from 335,800 shares, or 6.7 pct.
+      In a filing with the Securities and Exchange Commission,
+  Harris said it bought 36,700 Builders Transport common shares
+  on Feb 10 at 17 dlrs a share. It also said it bought debentures
+  on Feb 23 that could be converted into 94,254 shares.
+      Harris said its dealings in Builders Transport were on
+  behalf of its advisory clients. It has also said it has no
+  intention of seeking control of the company.
+  
+
diff --git a/reuters/training/1579 b/reuters/training/1579
new file mode 100644
index 0000000000000000000000000000000000000000..f9b521feb32293af12120ea6405d6279b9e7469b
--- /dev/null
+++ b/reuters/training/1579
@@ -0,0 +1,82 @@
+COFFEE TALKS FAILURE SEEN PRESSURING U.S.
+  Failure of talks on re-establishing
+  International Coffee Organization, ICO, coffee quotas last week
+  may put political pressure on the United States, particularly
+  the State Department, to reassess its position, but the U.S. is
+  unlikely to back away from its basic demand quotas be set by
+  "objective criteria", U.S. officials said.
+      Jon Rosenbaum, assistant U.S. trade representative and head
+  of Washington's delegation to the talks, told Reuters on his
+  return from London that the United States is willing to resume
+  the coffee negotiations as early as April if necessary.
+      Rosenbaum said the United States will be "flexible" in
+  discussing the method of establishing objective criteria and
+  any transition to new quotas, but not on the basic aim of
+  establishing an objective method of setting quotas.
+      At the ICO talks major consuming nations, led by the U.S.,
+  proposed that future coffee export quota shares be calculated
+  by a formula incorporating a producer's recent exportable
+  production and verified stocks, while large producers led by
+  Brazil proposed maintaining the traditional ad hoc division of
+  shares. The consumer position would have in effect reduced the
+  market share of Brazil, by far the world's largest producer.
+      Rosenbaum said the administration would continue to support
+  legislation now before Congress which would allow the U.S.
+  customs service to monitor coffee imports, as a way to comply
+  with any future coffee quotas.
+      He said the Reagan administration would be reviewing the
+  coffee policy situation following the collapse of the London
+  talks, but "nobody is proposing we change our position."
+      However, other U.S. government officials involved in coffee
+  policy said they are bracing for a diplomatic and coffee market
+  offensive from producer countries, led by Brazil and Colombia,
+  to soften the consumer position.
+      "Knowing that its next crop is fairly large, Brazil will
+  kind of want to test the resolve of other producers and
+  consumers," said one U.S. official.
+      The U.S. official, who asked not to be identified, said
+  Brazil and Colombia may flood the coffee market in the next few
+  months in an effort to drive down prices and pressure other
+  countries, particularly the splinter group of small producers
+  who differed with the major producers in London.
+      This in turn could lead to urgent appeals from Latin
+  American countries, faced with mounting debt problems, to the
+  U.S. State department, and to the National Security Council in
+  the White House, for an easing of the U.S. position, U.S.
+  officials said.
+      The State department, a major player in setting U.S. coffee
+  policy, may then face conflicting pressures, particularly from
+  politically-sensitive U.S. allies in Central America, U.S.
+  officials said.
+      El Salvador and Guatemala both backed Brazil and Colombia
+  at the London talks in resisting pressures for quotas based on
+  objective criteria. But the Dominican Republic and Costa Rica
+  joined the splinter group, which said it would agree to
+  objective criteria.
+      There is a strong feeling among some in the State
+  Department that the United States should continue to support
+  the splinter group of producers who have taken the
+  politically-risky step of opposing Brazil on the objective
+  criteria question, U.S. officials said.
+      Within the consuming countries there also is expected to be
+  some pressure to reassess positions.
+      In London, the U.S. was supported by the U.K., the
+  Netherlands, West Germany, Japan, Australia and New Zealand on
+  the issue of objective criteria, U.S. officials said.
+      This bloc represented enough votes among consuming nations
+  to successfully prevent adoption of the producer proposals.
+      However, U.S. sources said West Germany's support was at
+  times qualified and there is some concern that the European
+  Community could come under pressure to be more accommodative to
+  producers in future talks. France backed the Ivory Coast and
+  other African producers during the talks.
+      A softening of the EC stance would make it more difficult,
+  although not impossible, for the U.S. to block producer plans.
+      While political manuevering by small producers and
+  consuming countries will be important, U.S. officials said the
+  key to any future outcome will be Brazil's position.
+      U.S. officials blamed Brazil's intransigence for the
+  failure of the talks and said a more flexible position from
+  Brasilia would be the most important step toward agreement.
+  
+
diff --git a/reuters/training/1581 b/reuters/training/1581
new file mode 100644
index 0000000000000000000000000000000000000000..90b2c06721dbbffa6932ba343c84b7a41b1bcf4e
--- /dev/null
+++ b/reuters/training/1581
@@ -0,0 +1,14 @@
+INVESTORS HAVE 12.9 PCT OF EXOVIR <XOVR>
+  Mark Hammer, a private investor from
+  Melville, N.Y., and members of his family told the Securities
+  and Exchange Commission they have acquired a total of 375,200
+  shares of Exovir Inc, or 12.9 pct of the total outstanding.
+      Hammer said his group has been accumulating Exovir stock
+  since Oct 28, 1985 for investment purposes and may buy more
+  shares or sell all or part of his current stake.
+      While he said he has no intention of seeking control of the
+  company, Hammer said that because of his "extensive business
+  experience" and his interest in Exovir stock, he may be
+  "invited" to become a member of the company's board.
+  
+
diff --git a/reuters/training/1582 b/reuters/training/1582
new file mode 100644
index 0000000000000000000000000000000000000000..397b81ca19cc472fd4f7c1d34a076d9dc08b62a8
--- /dev/null
+++ b/reuters/training/1582
@@ -0,0 +1,59 @@
+TORRENTIAL RAINS HALT ARGENTINE GRAIN HARVEST
+  Torrential rains throughout
+  Argentina's grain-producing areas virtually paralysed coarse
+  grain harvesting in the week to yesterday, trade sources said.
+      Sunflower, maize and sorghum harvests were particularly
+  affected, they said. But the rains proved to be a great aid to
+  soybean crops as their harvesting will not begin until April or
+  May.
+      The rains did no damage to maize, sunflower and sorghum
+  crops though fresh rains in similar volume could reduce yields
+  and cut the total volume of this year's harvest.
+      Rainfall measured between 15 and 270 mm in Buenos Aires,
+  with the heaviest rains in the province's western sectors,
+  between 15 and 100 mm in Cordoba, 15 and 120 mm in La Pampa, 10
+  and 75 mm in Santa Fe, 10 and 60 mm in Entre Rios, five and 40
+  mm in Misiones, and five and 50 mm in San Luis.
+      No rain was recorded in Corrientes, Chaco and Formosa.
+      Growers did not revise their estimates for total volume of
+  the coarse grain harvest over last week's estimates.
+      Maize harvesting continued moving forward in central Santa
+  Fe, though slowly. Growers had harvested seven to nine pct of
+  total planted area, compared to five to seven pct last week.
+      Total maize area planted for the 1986/87 harvest was
+  estimated at between 3.58 and 3.78 mln hectares, or two to
+  seven pct less than the 3.85 mln hectares planted in the
+  1985/86 harvest.
+      Maize production is expected to total between 10.4 and 11
+  mln tonnes, or a drop of 17.5 to 19.4 pct over the 12.4 to 12.6
+  mln tonnes harvested last year according to private estimates,
+  or 18.9 to 21.9 pct lower than last year's volume, according to
+  official figures.
+      The sunflower harvest advanced to between seven and nine
+  pct of total planted area.
+      Two to 2.2 mln hectares have been planted with sunflowers
+  for this harvest, down 29.9 to 36.3 pct from last year's figure
+  of 3.14 mln hectares.
+      Sunflower production is expected to total between 2.4 mln
+  and 2.7 mln tonnes, which would mean a drop of between 34.1 and
+  41.5 pct against the record 4.1 mln tonnes harvested in the
+  1985/86 harvest.
+      Grain sorghum harvesting inched forward to between two and
+  four pct of total planted area, which this harvest is 1.23 to
+  1.30 mln hectares or 10.3 to 15.2 pct less than the 1.45 mln
+  hectares planted in the 1985/86 harvest.
+      Sorghum production is expected to total between 3.2 mln and
+  3.5 mln tonnes, or 16.7 to 22 pct less than the 4.1 to 4.2
+  million tonnes harvested in 1985/86.
+      Soybean production, by contrast, is expected to hit a
+  record 8.0 to 8.4 mln tonnes, which would mean an increase of
+  11.1 to 15.1 pct over last year's record figure of 7.2 to 7.3
+  mln tonnes, according to private estimates. Official figures
+  put last year's soybean harvest at 7.1 mln tonnes.
+      Soybean crops were reported to be in generally very good
+  condition, helped by abundant rains and high temperatures.
+      Total soybean-planted area for the 1986/87 harvest is
+  expected to be a record 3.7 to 3.8 mln hectares, up 10.8 to
+  13.8 pct from last year's harvest figure of 3.34 mln hectares.
+  
+
diff --git a/reuters/training/1584 b/reuters/training/1584
new file mode 100644
index 0000000000000000000000000000000000000000..96d428979f849f87980ca79cb7fce22a778bd76d
--- /dev/null
+++ b/reuters/training/1584
@@ -0,0 +1,11 @@
+LOTUS <LOTS> TO ACQUIRE <COMPUTER ACCESS CORP>
+  Lotus Development Corp said it
+  has signed a letter of intent to acquire substantially all of
+  the assets of Computer Access Corp for undisclosed terms.
+      Computer Asscess makes BlueFish full-text search and
+  retrieval software for International Business Machines Corp
+  <IBM> and compatible personal computers.
+      The company said the acquisition is subject to approval by
+  both boards.
+  
+
diff --git a/reuters/training/1585 b/reuters/training/1585
new file mode 100644
index 0000000000000000000000000000000000000000..c9c7b05003c9a3bc135ad69e85fb9309df3d3296
--- /dev/null
+++ b/reuters/training/1585
@@ -0,0 +1,16 @@
+EQUITABLE OF IOWA COS <EQICA> 4TH QTR NET
+  Oper shr 78 cts vs 51 cts
+      Oper net 7,030,000 vs 4,944,000
+      Revs 126.6 mln vs 120.9 mln
+      Year
+      Oper shr 1.59 dlrs vs 89 cts
+      Oper net 14.7 mln vs 9,864,000
+      Revs 425.1 mln vs 416.9 mln
+      NOTE: Net excludes realized gains on investment of 73,000
+  dlrs vs 4,224,000 dlrs in quarter and 6,253,000 vs 14.5 mln
+  dlrs in year.
+      Net excludes discontinued Massachusetts Casualty operations
+  loss 5,180,000 dlrs vs gain 778,000 dlrs in quarter and gain
+  9,214,000 dlrs vs gain 3,504,000 dlrs in year.
+  
+
diff --git a/reuters/training/1586 b/reuters/training/1586
new file mode 100644
index 0000000000000000000000000000000000000000..c0494e0c7892d9daf39dddd322fbacfc7e751c96
--- /dev/null
+++ b/reuters/training/1586
@@ -0,0 +1,6 @@
+CORROON AND BLACK CORP <CBL> RAISES QUARTERLY
+  Qtly div 21 cts vs 16-1/4 cts prior
+      Pay April One
+      Record March 17
+  
+
diff --git a/reuters/training/1588 b/reuters/training/1588
new file mode 100644
index 0000000000000000000000000000000000000000..045b521aa52735fff5750f8dcaed98385c7ec114
--- /dev/null
+++ b/reuters/training/1588
@@ -0,0 +1,14 @@
+EC APPOINTS NEW TRADE CHIEF
+  The European Community Commission today
+  appointed its chief spokesman, Hugo Paemen, as its top official
+  in charge of multilateral trade negotiations, a Commission
+  spokesman said.
+      Paemen, a Belgian official who had previously been chief
+  aide to former External Affairs Commissioner Etienne Davignon,
+  has been in his post since January 1985.
+      The spokesman said Paemen will continue as chief spokesman
+  until the retirement on May 1 of Paul Luyten, who is now in
+  charge of EC departments handling negotiations in the world
+  trade body GATT, the OECD and other forums.
+  
+
diff --git a/reuters/training/1590 b/reuters/training/1590
new file mode 100644
index 0000000000000000000000000000000000000000..fe805d46a6e04bf4da5b545cc6bc539d0ea69304
--- /dev/null
+++ b/reuters/training/1590
@@ -0,0 +1,28 @@
+U.S. SENATOR TO PROPOSE 0/92 FOR 1987 CROPS
+  Sen. Rudy Boschwitz, R-Minn., said he
+  intended to offer legislation that would allow 1987 producers
+  of wheat, feedgrains, cotton and rice to receive at least 92
+  pct of their deficiency payments, regardless of how much they
+  planted.
+      Boschwitz told the Senate Agriculture Committee that
+  applying the so-called 0/92 provision to 1987 crops was
+  supported by the Reagan administration and would save
+  approximately 500 mln dlrs, including 266 mln dlrs in corn
+  payments, 90 mln dlrs in wheat and 30 mln dlrs in cotton.
+      The Minnesota senator said he might offer the bill on the
+  Senate floor or in a conference committee with the House of
+  Representatives in the event a similar bill before the House
+  Agriculture Committee is approved by that body.
+      Boschwitz told Reuters that neither he nor the U.S.
+  Agriculture Department had decided whether or how deficiency
+  payments should be guaranteed to farmers who might choose not
+  to plant under the decoupling scheme.
+      If payments are not set in advance under decoupling, market
+  prices conceivably could rise, thereby leading to diminished
+  deficiency payments.
+      Senate Agriculture Committee Chairman Patrick Leahy, D-Vt.,
+  said he wanted to go to conference with the House as soon as
+  possible on the issue, but would have to study the matter
+  further before deciding how he would vote on it.
+  
+
diff --git a/reuters/training/1598 b/reuters/training/1598
new file mode 100644
index 0000000000000000000000000000000000000000..5310c30aeedc34defaf08fce7e5e6f2233ea5503
--- /dev/null
+++ b/reuters/training/1598
@@ -0,0 +1,14 @@
+INDIA BUYS UP TO 10 CARGOES SUGAR - TRADERS
+  India bought up to 10 cargoes of white
+  sugar at a buying tender today which originally called for just
+  two to three cargoes of March/April shipment, traders said.
+      London trader E D and F Man said it sold two cargoes at 233
+  dlrs a tonne CIF for March/April shipment with an option to
+  sell an additional two cargoes at the same price.
+      Traders said at least one other international trader made a
+  similar contract while a French house sold two cargoes at an
+  outright price of 233 dlrs CIF without the option. This brought
+  total Indian purchases to at least six cargoes with traders
+  having options to sell another four.
+  
+
diff --git a/reuters/training/160 b/reuters/training/160
new file mode 100644
index 0000000000000000000000000000000000000000..3c98bb0c2855dbc43b8b33d848c200e45e611180
--- /dev/null
+++ b/reuters/training/160
@@ -0,0 +1,13 @@
+POTOMAC ELECTRIC POWER CO <POM> JANUARY NET
+  Oper shr 27 cts vs 29 cts
+      Oper net 13.5 mln vs 14.6 mln
+      Revs 104.6 mln vs 110.3 mln
+      12 mths
+      Oper shr 4.10 dlrs vs 3.66 dlrs
+      Oper net 205 mln vs 186.8 mln
+      Revs 1.4 billion vs 1.3 billion
+      NOTE: 1986 12 mths oper net excludes extraordinary gain of
+  21.7 mln dlrs or 46 cts per share from sale of Virginia service
+  territory to Virginia Power.
+  
+
diff --git a/reuters/training/1601 b/reuters/training/1601
new file mode 100644
index 0000000000000000000000000000000000000000..700fe5047d7d196b1e528e6a8c8489c5d30cc393
--- /dev/null
+++ b/reuters/training/1601
@@ -0,0 +1,8 @@
+HAYES-ALBION <HAY> DELAYS SPECIAL MEETING
+  Hayes-Albion Corp said it has
+  delayed the special meeting at which shareholders will vote on
+  its merger into Harvard Industries Inc <HAVA> until March 24
+  from March 17 due to a delay in Securities and Exchange
+  Commission clearance of proxy materials.
+  
+
diff --git a/reuters/training/1602 b/reuters/training/1602
new file mode 100644
index 0000000000000000000000000000000000000000..f9a5ddb060bec4599262819d4a0759676a884078
--- /dev/null
+++ b/reuters/training/1602
@@ -0,0 +1,20 @@
+GROSSMAN'S INC <GROS> 4TH QTR LOSS
+  Oper shr loss nine cts vs profit 12 cts
+      Oper net loss 1,791,000 vs profit 2,336,000
+      Sales 242.9 mln vs 225.8 mln
+      Year
+      Oper shr profit 15 cts vs loss 17 cts
+      Oper net profit 2,925,000 vs loss 3,324,000
+      Sales 1.01 billion vs 875.6 mln
+      NOTE: Net includes discontinued operations gain 2,437,000
+  dlrs vs loss 190.0 mln dlrs in quarter and losses 75.6 mln dlrs
+  vs 227.7 mln dlrs in year.
+      Net includes loss 294,000 dlrs vs nil in quarter and gain
+  224.8 mln dlrs vs loss 1,750,000 dlrs in year from settlement
+  of liabilities under plan of reorganization from Chapter 11
+  bankruptcy.
+      1986 quarter net includes 2,300,000 dlr provision for loss
+  on future store closings offset by reduction in pension
+  liabilities.
+  
+
diff --git a/reuters/training/1606 b/reuters/training/1606
new file mode 100644
index 0000000000000000000000000000000000000000..0a018523bfbf251ae94128668ae7d5b4181ba107
--- /dev/null
+++ b/reuters/training/1606
@@ -0,0 +1,14 @@
+COMDATA NETWORK <CDN> IN NEW ACQUISITION TALKS
+  Comdata Network Inc said it is
+  in active talks with other parties on a possible acquisition or
+  recapitalization of Comdata in an effort to maximize
+  shareholder values.
+      Comdata said <Rosewood Financial Inc> together with
+  <Cypress Partners LP> and <Driftwood Ltd> have acquired over
+  five pct of Comdata stock and Rosewood intends to acquire over
+  15 pct of Comdata.
+      Comdata said it has not yet reached a definitive agreement
+  with <Mason Best Co> for the previously-announced
+  recapitalization and self-tender offer.
+  
+
diff --git a/reuters/training/1607 b/reuters/training/1607
new file mode 100644
index 0000000000000000000000000000000000000000..56e4365c174ac1c119cb50114ce9d6a5d52cb021
--- /dev/null
+++ b/reuters/training/1607
@@ -0,0 +1,14 @@
+NORTHGATE <NGX> QUEBEC ORE RESERVES DECLINE
+  Northgate Exploration Ltd said year-end
+  1986 ore reserves at its two Chibougamau mines in Quebec fell
+  to 8,141,150 short tons grading 0.077 ounce gold a ton and 1.63
+  pct copper from year-earlier 8,462,000 tons grading 0.077 ounce
+  gold ton and 1.67 pct copper.
+      The company said it launched a 700,000 dlr exploration
+  program at the mines to increase production and ensure the
+  operations' continued long life.
+      Ore production totaled 650,653 tons last year, it said,
+  estimating year-end reserves contained about 627,000 ounces of
+  gold and 265 mln pounds of copper.
+  
+
diff --git a/reuters/training/1608 b/reuters/training/1608
new file mode 100644
index 0000000000000000000000000000000000000000..ee6f45cd97a5693811a9ad6b1267e97712a81045
--- /dev/null
+++ b/reuters/training/1608
@@ -0,0 +1,10 @@
+WEBCOR ELECTRONICS INC <WER> 3RD QTR DEC 31
+  Shr loss 51 cts vs loss 44 cts
+      Net loss 1.8 mln vs loss 1.5 mln
+      Revs 3.1 vs 5.4 mln
+      Nine months
+      Shr loss 1.16 dlrs vs loss 1.33 dlrs
+      Net loss 4.0 mln vs loss 4.6 mln
+      Revs 9.9 mln vs 12.3 mln
+  
+
diff --git a/reuters/training/1610 b/reuters/training/1610
new file mode 100644
index 0000000000000000000000000000000000000000..9fadbe28a2c75eec19d4e208aa4187114e64209c
--- /dev/null
+++ b/reuters/training/1610
@@ -0,0 +1,12 @@
+COMMUNICATIONS SYSTEMS INC <CSII> 4TH QTR NET
+  Shr 12 cts vs 10 cts
+      Net 613,986 vs 534,093
+      Revs 9,494,570 vs 7,591,564
+      Year
+      Shr 41 cts vs 59 cts
+      Net 2,151,130 vs 3,111,317
+      Revs 35.9 mln vs 33.7 mln
+      NOTE: 1986 net includes gains from discontinued operations
+  equal to three cts compared with nine cts in 1985.
+  
+
diff --git a/reuters/training/1611 b/reuters/training/1611
new file mode 100644
index 0000000000000000000000000000000000000000..66767130b21854242077e8b241eedafe52fad6d4
--- /dev/null
+++ b/reuters/training/1611
@@ -0,0 +1,56 @@
+TURKEY SEES 1.5 BILLION DLR DEFICIT IN 1986
+  Turkey expects a 1986 balance of payments
+  deficit of 1.5 billion dlrs, well over target, but is taking
+  steps to improve its performance in this and other fields, Ali
+  Tigrel, director of economic planning at the State Planning
+  Organisation said.
+      He told Reuters the shortfall was a direct consequence of
+  economic growth of nearly eight pct, up from 5.1 pct in 1985,
+  which he said resulted mostly from a surge in domestic demand.
+      Tigrel acknowledged a need to cut inflation further after a
+  drop of more than 12 points to 24.6 pct in the Treasury
+  wholesale index last year.
+      This year's target of 20 pct "might be attainable but the
+  economic management will have to be careful," he said.
+      Tigrel, whose department produces the annual programme
+  which is central to the government's economic planning, said
+  Turkey's creditworthiness was at risk over the current account
+  shortfall, originally targeted at 695 mln dlrs.
+      "We must alleviate the current account substantially to
+  sustain the creditworthiness that we have managed to secure
+  over the last five years," he added.
+      His comment echoed last October's Organisation for Economic
+  Cooperation and Development report on Turkey, which said
+  Ankara's case for more medium-term financing on better terms
+  would look better if inflation were lower and the current
+  account deficit cut or turned into a surplus.
+      "In 1987 we must reduce the rate of growth in public sector
+  investments, we must reduce the public sector deficit as a
+  percentage of GNP and we must achieve a very visible
+  improvement in the current account deficit," he said.
+      Tigrel said a surge in public sector spending last year was
+  also to blame for the high deficits.
+      Appropriations to government departments had been cut by
+  eight pct since the budget was passed in December and foreign
+  borrowing by municipalities had been restrained.
+      "We are trying make sure that public bodies stick to the
+  investment programme and do not exceed their appropriations," he
+  said. It was hoped to bring the public sector borrowing
+  requirement down to five pct of GNP in 1987 from an estimated
+  5.6 pct in 1986.
+      More modest GNP growth of five pct for 1987 was also
+  targeted, Tigrel said. Measures were being taken to encourage
+  exports, and production incentives were being considered.
+      "We must try to make sure that more capacity is injected
+  into the Turkish economy in the coming years. The promotion
+  policy is geared to make sure that both foreign investment and
+  local private capital come more into play as far as
+  manufacturing capacity is concerned," Tigrel said.
+      He said the process of structural adjustment of the Turkish
+  economy to free market policies, begun in 1980, was still under
+  way. Trade had been liberalised and a freer exchange rate
+  policy applied, but he acknowledged there was more to be done
+  in a country where the state still dominates industry and the
+  currency is only partially convertible.
+  
+
diff --git a/reuters/training/1616 b/reuters/training/1616
new file mode 100644
index 0000000000000000000000000000000000000000..2c8aa2a6a8343f2ce122d2ee3ecf834e31341604
--- /dev/null
+++ b/reuters/training/1616
@@ -0,0 +1,71 @@
+ENERGY/CALIFORNIA OIL PRODUCTION
+  Drilling for oil in California is
+  likely to continue at last year's sharply reduced levels
+  despite recent gains in crude oil prices, industry analysts
+  said.
+      Because much of the crude oil in California fields is
+  thick, heavy and expensive to extract, oil prices would have to
+  increase to near 1985's levels before any significant recovery
+  is seen in drilling, they said.
+      "Companies will probably only drill their best prospects,"
+  said John Curti, an analyst with Birr Wilson Securities Inc.
+      Few new wells now are being drilled.
+      Only 33 rigs, about one-quarter of the total available,
+  were drilling for oil onshore in California last week, compared
+  to about 70 last year, said Bill Bolster of Munger Oil
+  Information Services, which tracks California drilling
+  activity.
+      "It's in the dregs right now," said Bolster of the state's
+  drilling activity.
+      Current prices are not enough to justify increased
+  drilling, said Ed Malmgreen of the California Independent
+  Producers Association.
+      While an Organization of Petroleum Exporting Countries pact
+  to curb production boosted oil prices early this year, prices
+  eventually fell.
+      Prices for California's marker grade, Line 63 blend, have
+  slumped about 20 pct in the last month to 14 dlrs from a high
+  of about 17 dlrs.
+      More than half of California's oil comes from stripper
+  wells, those producing less than 10 barrels a day, and that
+  much of that oil costs between 18 and 25 dlrs a barrel to
+  extract, Malmgreen said.
+      "It's not unusual for a stripper well to cost 18 dlrs,"
+  Malmgreen said.
+      Many stripper wells along the southern California coast
+  produce eight times as much water as crude oil, and inland
+  wells frequently require the use of steam injection to spur
+  extraction of the thick, heavy oil, he said.
+      The outlook for future production in California is clouded
+  by a lack of exploratory drilling now, analysts said.
+      In the heart of California's oil patch, Kern County, which
+  produces about two-thirds of the state's oil, exploratory
+  drilling has slowed to a crawl.
+      Only 55 exploratory wells were drilled in Kern County in
+  1986, compared to 137 in 1985, according to David Mitchell of
+  the state energy commission. So far this year only five
+  exploratory wells have been drilled.
+      "I don't think they'll even get to what they did last
+  year," Mitchell said.
+      No pickup in exploratory drilling is likely for the rest of
+  the decade, Mitchell said.
+      Along with the fall in drilling has come a decrease in the
+  number of producing wells and overall production.
+      Between February and October of 1986, the number of
+  producing oil wells in California fell 14 pct to 43,521 from
+  more than 50,000, said Bill Guerard of the California Energy
+  Commission.
+      In line with that decrease, California's crude oil output
+  fell about 10 pct last year due to low oil prices and is
+  expected to remain at that lower level, analysts said.
+      Between February and October 1986, California's crude oil
+  production slipped from an all-time high of 1.185 mln barrels
+  per day to 1.066 mln bpd, Guerard said.
+      Total estimated crude oil production in California for 1986
+  was 408 mln bbls, compared with 424 mln bbls in 1985 and 405
+  mln bbl in 1983, according to the California Department of
+  Conservation.
+      "Production in 1987 will probably hold around 1986 levels,"
+  Guerard said.
+  
+
diff --git a/reuters/training/1619 b/reuters/training/1619
new file mode 100644
index 0000000000000000000000000000000000000000..5eeb7cb7233b1c137c3c2bb25501b1f6affd4367
--- /dev/null
+++ b/reuters/training/1619
@@ -0,0 +1,12 @@
+STANDARD OIL <SRD> IN TEXAS NATURAL GAS FIND
+  Standard Oil Co said the Friendswood
+  Development Number One well in the Fostoria or Deep Wilcox
+  Field of Montgomery County, Texas, flowed 4,500,000 cubic feet
+  of natural gas per day from depths of 14,252 to 14,486 feet
+  through a 14/64 inch choke.
+      It said it has contracted for Perry Gas Cos Inc to purchase
+  natural gas from the well, and Perry will build a four-inch
+  gathering pipeline to connect to Natural Gas Pipeline Co's
+  transmission line.
+  
+
diff --git a/reuters/training/162 b/reuters/training/162
new file mode 100644
index 0000000000000000000000000000000000000000..bff2a0d94a82a67dca5806fd399f3c29ef0a3aef
--- /dev/null
+++ b/reuters/training/162
@@ -0,0 +1,8 @@
+SUFFIELD FINANCIAL <SSBK> GETS FED APPROVAL
+  Suffield Financial Corp said the
+  Federal Reserve Board approved its application to acquire
+  Coastal Bancorp <CSBK>, Portland, Me.
+      Suffield said it still needs the approval of the
+  superintendent of Maine's banking department.
+  
+
diff --git a/reuters/training/1620 b/reuters/training/1620
new file mode 100644
index 0000000000000000000000000000000000000000..4ad7de1f7c0916f4fc9dbaf2f9b3ae44e13a16cf
--- /dev/null
+++ b/reuters/training/1620
@@ -0,0 +1,12 @@
+WEBCOR ELECTRONICS <WER> IN TECHNICAL DEFAULT
+  Webcor Electronics Inc said it
+  remains in technical and payment default under its revolving
+  credit agreement and in technical default under certain other
+  obligations to its lender.
+      Although its lender has not enforced its right to demand
+  payment of the debt in full, it continues to reserve its right
+  to do so at any time, it said.
+      Earlier, Webcor reported a third quarter net loss of 1.8
+  mln dlrs and nine months net loss of 4.0 mln dlrs.
+  
+
diff --git a/reuters/training/1622 b/reuters/training/1622
new file mode 100644
index 0000000000000000000000000000000000000000..b560a5b36af0cf7c8b7e60462fb90628e8e9b468
--- /dev/null
+++ b/reuters/training/1622
@@ -0,0 +1,9 @@
+FIRST SAVINGS BANK FLORIDA <FSBF> SETS MEETING
+  First Savings Bank of
+  Florida said it expects a special shareholder meeting to be
+  held around May 21 to consider the proposed merger into
+  Gibraltar Financial Corp <GFC>.
+      It said the annual meeting will be held April 30 to elect
+  two directors and ratify the appointment of auditors.
+  
+
diff --git a/reuters/training/1623 b/reuters/training/1623
new file mode 100644
index 0000000000000000000000000000000000000000..1dcd94f96c48fbf66bfc6cb6b1def8b14414de9e
--- /dev/null
+++ b/reuters/training/1623
@@ -0,0 +1,22 @@
+IZVESTIA SAYS SOVIET WINTER CROPS NEED RESEEDING
+  The government daily Izvestia said a
+  considerable amount of Soviet winter crops need to be reseeded
+  and the state 1987 grain harvest target of 232 mln tonnes will
+  not be easy to fulfil.
+      Without giving figures, the newspaper said: "A considerable
+  part of the winter crops must be reseeded, but that creates
+  extra effort in the fields in spring."
+      The Soviet Union has previously said nine mln hectares of
+  winter grain will have to be reseeded because of winterkill.
+      A U.S. Department of Agriculture analyst in Washington has
+  said the figure of nine mln hectares would equal about 25 pct
+  of the total winter crop and would be the second highest
+  winterkill in 10 years.
+      "The planned task of bringing in no less than 232 mln tonnes
+  of grain is not simple," Izvestia said.
+      This week's sudden fall in temperatures has affected large
+  parts of the country and has caused fieldwork to stop in the
+  Ukraine, it said, adding that temperatures fell to as low as
+  minus 30 centigrade in Byelorussia.
+  
+
diff --git a/reuters/training/1626 b/reuters/training/1626
new file mode 100644
index 0000000000000000000000000000000000000000..6af0781c204580120ee8c59d3477224ff48b9620
--- /dev/null
+++ b/reuters/training/1626
@@ -0,0 +1,14 @@
+BORMAN'S <BRF> TO BUY SAFEWAY'S UTAH DIVISION
+  Safeway Stores Inc said it
+  agreed to sell the assets and operations of its Salt Lake City
+  Division to Borman's Inc under undisclosed terms.
+      The division includes 60 operating supermarkets in five
+  states, most of which are in Utah, Idaho and Wyoming, together
+  with distribution and manufacturing facilities, Safeway said.
+      It said sales for the division for the year ended January
+  three were about 350 mln dlrs.
+      Safeway also said the transaction is subject to Borman's
+  ability to obtain financing and to successfully negotiate new
+  labor agreements with the various unions involved.
+  
+
diff --git a/reuters/training/1628 b/reuters/training/1628
new file mode 100644
index 0000000000000000000000000000000000000000..aae10204bf514427730c44e56348dcf48c6f9247
--- /dev/null
+++ b/reuters/training/1628
@@ -0,0 +1,11 @@
+FISHER FOODS <FHR> SAYS STAKE IN FIRM SOLD
+  Fisher Foods Inc said
+  <American Financial Corp> has sold its 1,500,000 Fishers
+  shares, a 44 pct interest, to a group consisting of <American
+  Seaway Foods Inc>, <Rini Supermarkets Inc> and <Rego
+  Supermarkets Inc>.
+      The company said in connection with the transaction, all
+  five American Financial representatives have resigned from its
+  board.
+  
+
diff --git a/reuters/training/163 b/reuters/training/163
new file mode 100644
index 0000000000000000000000000000000000000000..2e7e4ddc0bd1b9b7f33ad6696390666fdfc4e514
--- /dev/null
+++ b/reuters/training/163
@@ -0,0 +1,6 @@
+AFG INDUSTRIES INC <AFG> QUARTERLY DIVIDEND
+  Qtly div four cts vs four cts
+      Pay April 3
+      Record March 23
+  
+
diff --git a/reuters/training/1631 b/reuters/training/1631
new file mode 100644
index 0000000000000000000000000000000000000000..b657bdcdce89b31d311f8f3659748afae9ff6533
--- /dev/null
+++ b/reuters/training/1631
@@ -0,0 +1,17 @@
+U.S. SENATE PANEL MAKES CONSERVATION EXEMPTION
+  The U.S. Senate Agriculture Committee
+  approved a measure that would exempt farmers who planted
+  alfalfa or other multiyear grasses and legumes between 1981 and
+  1985 from a federal conservation requirement.
+      Sen. Edward Zorinsky, D-Neb., said his bill would restore
+  equity under federal sodbuster rules, which currently deny farm
+  program benefits to farmers who, between 1981 and 1985, planted
+  alfalfa and other multiyear grasses and legumes without
+  interrupting the plantings with a row crop.
+      An official from a leading conservation group, who asked
+  not to be identified, said the panel's move was "an unfortunate
+  first action" because it could lead to the exemption of
+  potentially millions of acres from the sod buster regulations,
+  established under the 1985 farm bill.
+  
+
diff --git a/reuters/training/1633 b/reuters/training/1633
new file mode 100644
index 0000000000000000000000000000000000000000..d8fd87f1ba55bd0b024ec5c16975b2cf4938beb7
--- /dev/null
+++ b/reuters/training/1633
@@ -0,0 +1,12 @@
+PICO PRODUCTS INC <PPI> 2ND QTR JAN 31
+  Shr profit three cts vs loss nine cts
+      Net profit 103,664 vs loss 326,675
+      Revs 7.6 mln vs 6.9 mln
+      Six months
+      Shr loss two cts vs loss 15 cts
+      Net loss 78,246 vs loss 522,868
+      Revs 14.7 mln vs 12.9 mln
+      NOTE:1986 net includes gain of 43,185 or one cts in 2nd qtr
+  and six months for discount on early long-term debt repayment.
+  
+
diff --git a/reuters/training/1634 b/reuters/training/1634
new file mode 100644
index 0000000000000000000000000000000000000000..c0720a06c90008f47905919a9964c0657e320e1f
--- /dev/null
+++ b/reuters/training/1634
@@ -0,0 +1,35 @@
+OUTBOARD MARINE <OM> RISING ON TAKEOVER RUMOR
+  Wall Street traders said the stock of
+  Outboard Marine Corp was rising on a rumor over a cable
+  television program that Outboard is a likely takeover target of
+  Sun Chemical Corp <SNL>.
+      Outboard was up 3-1/8 to 34-5/8. On Tuesday it rose 1-3/8
+  to 31-1/2 Tuesday.
+      A report on Cable News Network today said Sun Chemical has
+  4.9 pct of Outboard and is conducting a study on whether to go
+  for control of the whole company.
+      An Outboard Marine spokesman would not comment on the
+  rumor.
+      The cable program said a buyout of Outboard would be for up
+  to 40 dlrs a share, or for a total of 680 mln dlrs.
+      A spokesman for Sun Chemical was not immediately available.
+      Outboard Marine last June adopted a shareholder rights plan
+  that will be triggered when a person or group acquires
+  beneficial ownership of 20 pct or more of its common or begins
+  a tender offer that would result in 30 pct ownership.
+      Wayne Jones, vice president at Outboard for strategic
+  planning, said management wants to stay independent. "We are
+  not trying to sell the company. We are proceeding with our
+  strategic plans," he said.
+      That plan includes integrating five boat companies that
+  Outboard Marine has bought since the middle of December. Jones
+  said all five will cost between 100 mln dlrs to 120 mln dlrs.
+      An analyst who wanted anonymity said 40 dlrs a share is a
+  "decent" price for outboard. "A bdding war to 50 or 60 dlrs a
+  share is stretching it. Maybe 45 dlrs a share tops," he said.
+      Outboard, which has 17 mln shares outstanding, is in
+  registration for a two mln common share offering with Morgan
+  Stanley Inc. It makes sense, the analyst said, for Sun Chemical
+  to strike before the offering is underway.
+  
+
diff --git a/reuters/training/1638 b/reuters/training/1638
new file mode 100644
index 0000000000000000000000000000000000000000..ef62eae0732d8e6d15000a8e4857cfcb748e8b00
--- /dev/null
+++ b/reuters/training/1638
@@ -0,0 +1,12 @@
+<ALGOMA CENTRAL RAILWAY> 4TH QTR NET
+  Oper shr 36 cts vs 39 cts
+      Oper net 1,391,000 vs 1,485,000
+      Revs 61.6 mln vs 58.5 mln
+      YEAR
+      Oper shr 70 cts vs 1.16 dlrs
+      Oper net 2,677,000 vs 4,410,000
+      Revs 207.6 mln vs 200.2 mln
+      Note: 1986 net excludes extraordinary loss of 297,000 dlrs
+  or eight cts shr vs yr-ago gain of 514,000 dlrs or 13 cts shr.
+  
+
diff --git a/reuters/training/1639 b/reuters/training/1639
new file mode 100644
index 0000000000000000000000000000000000000000..365f4b8d8407a9d9f03e6a5371363d0e60d605c4
--- /dev/null
+++ b/reuters/training/1639
@@ -0,0 +1,8 @@
+GENOVA INC <GNVA> 1ST QTR DEC 27 NET
+  Oper shr profit four cts vs loss four cts
+      Oper net profit 151,448 vs loss 170,709
+      Sales 11.5 mln vs 9,581,406
+      NOTE: Prior year net includes 123,650 dlr tax credit but
+  excludes 52,409 dlr gain on early debt retirement.
+  
+
diff --git a/reuters/training/164 b/reuters/training/164
new file mode 100644
index 0000000000000000000000000000000000000000..854aae783dbe08e68377f309a540bbd46c1a7327
--- /dev/null
+++ b/reuters/training/164
@@ -0,0 +1,9 @@
+<GSW INC> YEAR NET
+  Oper shr 2.16 dlrs vs 2.07 dlrs
+      Oper net 8,037,000 vs 7,710,000
+      Revs 136.4 mln vs 133.3 mln
+      Note: 1986 net excludes extraordinary gain of 13 mln dlrs
+  or 3.50 dlrs shr from sale of <Camco Inc> shares vs yr-ago loss
+  of 4.3 mln dlrs or 1.14 dlrs shr.
+  
+
diff --git a/reuters/training/1640 b/reuters/training/1640
new file mode 100644
index 0000000000000000000000000000000000000000..1be13732f61909a4cb8fff4641544b9494dd5c12
--- /dev/null
+++ b/reuters/training/1640
@@ -0,0 +1,22 @@
+FRENCH WHEAT EXPORTS TO EC FALL
+  French soft wheat exports to other
+  European Community countries fell 18 pct to 4.13 mln tonnes in
+  the first seven months of the 1986/87 season to January
+  compared with 5.04 mln in the same 1985/86 period, the French
+  Cereals Intervention Office (ONIC) said.
+      According to latest ONIC statistics, the main buyers were
+  Italy with 1.89 mln against 1.63 mln in the same 1985/86
+  period, West Germany 480,450 tonnes against 717,689, the
+  Netherlands 462,048 (532,299) and Belgium 417,887 tonnes
+  (919,337).
+      British and Greek imports of French soft wheat during this
+  period were below year-ago levels. Between July 1 last year and
+  January 31, Britain bought 274,665 tonnes against 642,800
+  tonnes, ONIC figures showed.
+      But Spanish purchases were up sharply at 258,507 tonnes
+  against 2,751 tonnes in the same 1985/86 period and Portugal
+  bought 37,599 tonnes compared with zero.
+      ONIC said the drop in French exports to other Community
+  countries was due to British competition.
+  
+
diff --git a/reuters/training/1642 b/reuters/training/1642
new file mode 100644
index 0000000000000000000000000000000000000000..1ed223afe3c63d9b4d64aca567254417cd855a30
--- /dev/null
+++ b/reuters/training/1642
@@ -0,0 +1,12 @@
+SUPREME EQUIPMENT/SYSTEMS CORP <SEQP> 2ND QTR
+  Shr 61 cts vs 18 cts
+      Net 670,000 vs 194,000
+      Revs 10.7 mln vs 10.4 mln
+      Six months
+      Shr 73 cts vs 35 cts
+      Net 798,000 vs 377,000
+      Revs 19.5 mln vs 19.8 mln
+      NOTE:1987 net includes gain of 362,000 dlrs in 2nd qtr and
+  431,000 dlrs in six months from tax loss carryforward.
+  
+
diff --git a/reuters/training/1643 b/reuters/training/1643
new file mode 100644
index 0000000000000000000000000000000000000000..f3253971e24c2677947134615991a2d04a1d51a5
--- /dev/null
+++ b/reuters/training/1643
@@ -0,0 +1,15 @@
+GULF APPLIED TECHNOLOGIES INC <GATS> 4TH QTR
+  Oper shr loss five cts vs loss 24 cts
+      Oper net loss 165,000 vs loss 802,000
+      Revs 4,988,000 vs 3,101,000
+      Year
+      Oper shr loss 13 cts vs loss 1.33 dlrs
+      Oper net loss 454,000 vs loss 4,407,000
+      Revs 23.1 mln vs 8,937,000
+      NOTE: Results restated for discontinued operations.
+      1986 net both periods excludes 143,000 dlr tax credit.
+      Net excludes gains from discontinued pipelines and
+  terminals operations of 216,000 dlrs vs 99,000 dlrs in quarter
+  and 527,000 dlrs vs 296,000 dlrs in year.
+  
+
diff --git a/reuters/training/1644 b/reuters/training/1644
new file mode 100644
index 0000000000000000000000000000000000000000..ebab2888ab3bdcc7a9e0dd8f2a2d8afa6562f3f1
--- /dev/null
+++ b/reuters/training/1644
@@ -0,0 +1,10 @@
+VAN DORN CO <VDC> 4TH QTR NET
+  Shr 55 cts vs 80 cts
+      Net 2,517,443 vs 3,633,217
+      Revs 79.1 mln vs 76.3 mln
+      12 mths
+      Shr 2.57 dlrs vs 3.41 dlrs
+      Net 11.7 mln vs 15.4 mln
+      Revs 305.1 mln vs 314.3 mln
+  
+
diff --git a/reuters/training/1648 b/reuters/training/1648
new file mode 100644
index 0000000000000000000000000000000000000000..1eb2ae328d29e9845490fdfdb1ae2b9284b5c625
--- /dev/null
+++ b/reuters/training/1648
@@ -0,0 +1,6 @@
+FIELDCREST CANNON INC <FLD> SETS QUARTERLY
+  Qtly div 17 cts vs 17 cts prior
+      Pay March 31
+      Record March 17
+  
+
diff --git a/reuters/training/1649 b/reuters/training/1649
new file mode 100644
index 0000000000000000000000000000000000000000..2b3d07eb2c954f11d9ec62d5531fefd99903d0b1
--- /dev/null
+++ b/reuters/training/1649
@@ -0,0 +1,9 @@
+VARIAN <VAR> BUYS ANALYTICHEM INTERNATIONAL
+  Varian Associates Inc said it
+  acquired all the outstanding stock of closely-held Analytichem
+  International Inc for an undisclosed amount of cash.
+      Analytichem, based in Harbor City, Calif., is a supplier of
+  bonded phase preparation products used to prepare chemical
+  samples for analysis, Varian said.
+  
+
diff --git a/reuters/training/165 b/reuters/training/165
new file mode 100644
index 0000000000000000000000000000000000000000..432717b245c7ddfed6e2a5eb65fd8e78948bc3ad
--- /dev/null
+++ b/reuters/training/165
@@ -0,0 +1,7 @@
+SANTA ANITA REALTY <SAR> QUARTERLY DIVIDEND
+  Qtly div 51 cts vs 51 cts
+      Pay April 9
+      Record March 25
+      (Santa Anita Realty Enterprises Inc)
+  
+
diff --git a/reuters/training/1650 b/reuters/training/1650
new file mode 100644
index 0000000000000000000000000000000000000000..962d4a6104d3b4a31dd54628cf356ea78efa124d
--- /dev/null
+++ b/reuters/training/1650
@@ -0,0 +1,19 @@
+KANEB SERVICES INC <KAB> 4TH QTR LOSS
+  Oper shr loss 1.05 dlrs vs profit nine cts
+      Oper net loss 30.5 mln vs profit 3,930,000
+      Revs 23.9 mln vs 45.6 mln
+      12 mths
+      Oper shr loss 5.30 dlrs vs profit 34 cts
+      Oper net loss 155.8 mln vs profit 16.0 mln
+      Revs 113.7 mln vs 178.8 mln
+      Note: Oper excludes loss from discontinued operations of
+  9,127,000 dlrs vs 12.4 mln dlrs for qtr and 28.4 mln dlrs vs
+  960,000 dlrs for 12 mths.
+      Note: Oper includes writedown of offshore drilling
+  equipment of 5,070,000 dlrs for qtr and 27.9 mln dlrs for 12
+  mths.
+      Also includes writedowns of oil and gas assets and tubular
+  goods inventory of 82.2 mln dlrs and 4,246,000 dlrs,
+  respectively, for 12 mths.
+  
+
diff --git a/reuters/training/1651 b/reuters/training/1651
new file mode 100644
index 0000000000000000000000000000000000000000..47378cd3ff88d67c8704afe2f0317b31e955e5a0
--- /dev/null
+++ b/reuters/training/1651
@@ -0,0 +1,7 @@
+SUSPENSIONS/PARTS INDUSTRIES LTD <SPILF> YEAR
+  Shr 33 cts vs 60 cts
+      Net 1.1 mln vs 1.7 mln
+      Revs 11.7 mln vs 10.6 mln
+      NOTE:Full name is Suspensions and Parts Industries Ltd.
+  
+
diff --git a/reuters/training/1652 b/reuters/training/1652
new file mode 100644
index 0000000000000000000000000000000000000000..58c29569822dc4c08c729d0a8d21f17410100060
--- /dev/null
+++ b/reuters/training/1652
@@ -0,0 +1,22 @@
+ESTIMATED FRENCH BARLEY STOCKS WORRYING - ONIC
+  The size of French 1986/87 carryover
+  barley stocks, estimated at 1.72 mln tonnes compared with
+  700,000 tonnes in 1985/86 is worrying, French Cereals
+  Intervention Office (ONIC) Director Bernard Vieux said.
+      He told journalists these estimates were unchanged at the
+  end of February from the previous month while export forecasts
+  were lowered to 4.5 mln tonnes from 5.76 mln in 1985/86.
+      Vieux called on the EC Commission to help by awarding a
+  larger volume of export certificates and said if no outlets are
+  opened for French barley a large amount could be put into
+  intervention.
+      A small amount of French barley has already been put into
+  intervention, Vieux said without detailing the amount.
+      The outlook for French maize is better with 1986/87 exports
+  to non-EC countries now put at 700,000 tonnes against 200,000
+  tonnes at the end of January and against 155,000 tonnes in
+  1985/86.
+      The higher estimate is due to the EC Commission's decision
+  to hold special export tenders for French maize, he said.
+  
+
diff --git a/reuters/training/1653 b/reuters/training/1653
new file mode 100644
index 0000000000000000000000000000000000000000..a615aa28e2c21b8a525d56d9061b4c99eab9906a
--- /dev/null
+++ b/reuters/training/1653
@@ -0,0 +1,6 @@
+MITCHELL ENERGY AND DEVELOPMENT CORP <MND>PAYOUT
+  Qtly div six cts vs six cts prior
+      Pay April Two
+      Record March 18
+  
+
diff --git a/reuters/training/1655 b/reuters/training/1655
new file mode 100644
index 0000000000000000000000000000000000000000..4af6b5c5c72c4dbc797ae41bb489e6faae340d3b
--- /dev/null
+++ b/reuters/training/1655
@@ -0,0 +1,10 @@
+FROST AND SULLIVAN INC <FRSL> 2ND QTR JAN 31
+  Shr profit 12 cts vs loss two cts
+      Net profit 182,173 vs loss 28,977
+      Revs 4,483,047 vs 3,994,808
+      1st half
+      Shr profit 14 cts vs loss eight cts
+      Net profit 221,376 vs loss 120,435
+      Revs 8,270,947 vs 7,150,265
+  
+
diff --git a/reuters/training/1656 b/reuters/training/1656
new file mode 100644
index 0000000000000000000000000000000000000000..48c0785547c64aa631c88bf7e7a8308b8027adef
--- /dev/null
+++ b/reuters/training/1656
@@ -0,0 +1,27 @@
+S. KOREAN TRADE SURPLUS WITH U.S. SEEN FALLING
+  South Korea's record 7.1 billion dlrs
+  trade surplus with the U.S. is bound to diminish as the
+  country switches purchases from Japan in favor of U.S.
+  companies, Trade Minister Woong-Bae Rha said.
+       He rejected suggestions the Korean Won is undervalued, and
+  denied any plans for a "drastic and sudden" revaluation.
+      Rha is heading a trade mission to 37 U.S. cities. Last year
+  South Korea ran a 4.3 billion dlr trade surplus, including a
+  record 7.1 billion surplus with the U.S. and a 5.5 billion dlr
+  deficit with Japan.
+      Rha told Reuters in an interview the current trade mission
+  is looking for 2.0 billion dlrs in purchases from U.S.
+  companies, about a quarter of which represents "transferred
+  purchases from Japanese sources."
+      Rha said the items being sought by the current mission are
+  "mainly chemicals, machinery and parts."
+      He said South Korea is the fourth largest importer of U.S.
+  agricultural products. The current mission is not involved in
+  that area but there are plans to buy "substantial amounts of
+  cotton" from the U.S.
+      He noted his country "is clearly not as open as the American
+  market. Nor is it reasonable to expect that it should be,"
+  considering South Korea has a 40 billion dlr foreign debt and
+  spends six pct of its gross national product on defense.
+  
+
diff --git a/reuters/training/1657 b/reuters/training/1657
new file mode 100644
index 0000000000000000000000000000000000000000..b96b3499ec900e7c15dbed4df0a77b373571a869
--- /dev/null
+++ b/reuters/training/1657
@@ -0,0 +1,13 @@
+CRI INSURED <CII> TO SET SPECIAL DISTRIBUTION
+  CRI Insured Mortgage Investments
+  Inc said its advisor will recommend a special distribution of
+  50 cts per share due to the sale of a federally insured first
+  mortgage on Park Meadows I in Madison, Wis., for 4,267,871
+  dlrs.
+      It said it received a 3,695,465 dlr return of capital and
+  572,406 dlrs in income on the sale, and the 50 ct distribution
+  would represent a 43.294 ct return of principal and a 6.706 ct
+  capital gain and would be payable June 30 to holders of record
+  May 31.
+  
+
diff --git a/reuters/training/1658 b/reuters/training/1658
new file mode 100644
index 0000000000000000000000000000000000000000..a45716fcaf344f310bca186a72000ca27d4c5790
--- /dev/null
+++ b/reuters/training/1658
@@ -0,0 +1,13 @@
+KANEB ENERGY PARTNERS LTD <KEP> 4TH QTR LOSS
+  Unit loss one ct
+      Net loss 186,000
+      Revs 10.7 mln
+      11 mths
+      Unit loss 7.26 dlrs
+      Net loss 121.4 mln
+      Revs 46.9 mln
+      Note: Partnership formed in February 1986.
+      Net includes writedown of oil and gas assets of 124.8 mln
+  dlrs for 11 mths to comply with full-cost accounting methods.
+  
+
diff --git a/reuters/training/1659 b/reuters/training/1659
new file mode 100644
index 0000000000000000000000000000000000000000..526a5f3f5f55bc00c45b755d881686d24ff2c76f
--- /dev/null
+++ b/reuters/training/1659
@@ -0,0 +1,7 @@
+DIGICON <DGC> COMPLETES SALE OF UNIT
+  Digicon Inc said it has completed the
+  previously-announced disposition of its computer systems
+  division to an investment group led by <Rotan Mosle Inc's>
+  Rotan Mosle Technology Partners Ltd affiliate.
+  
+
diff --git a/reuters/training/166 b/reuters/training/166
new file mode 100644
index 0000000000000000000000000000000000000000..a7c0223beba697455080cc65b8a0c0800d67b1a1
--- /dev/null
+++ b/reuters/training/166
@@ -0,0 +1,6 @@
+LIQUID AIR CORP <LANA> QUARTERLY DIVIDEND
+  Qtly div 40 cts vs 40 cts
+      Pay March 31
+      Record March 16
+  
+
diff --git a/reuters/training/1660 b/reuters/training/1660
new file mode 100644
index 0000000000000000000000000000000000000000..71fcacbbad85102636d67faaa0160a4f5a89c134
--- /dev/null
+++ b/reuters/training/1660
@@ -0,0 +1,10 @@
+TEXAS EASTERN <TET> BUYS PETROLEUM TERMINAL
+  Texas Eastern Corp said it has completed
+  the purchase of an idle petroleum products terminal near Norris
+  City, Ill., from <Growmark Inc> for undisclosed terms and will
+  reopen it in September after remodeling.
+      The company said the terminal will handle leaded and
+  unleaded regular gasolines, number two fuel oil, ethanol and
+  natural gasoline.
+  
+
diff --git a/reuters/training/1661 b/reuters/training/1661
new file mode 100644
index 0000000000000000000000000000000000000000..61a1c88cc9893e90a0db56e4c6c9a7735a34e1fb
--- /dev/null
+++ b/reuters/training/1661
@@ -0,0 +1,12 @@
+STERLING IN TEXAS GAS AND OIL DISCOVERY
+  <Sterling Investment Group>
+  said it successfully drilled and completed a significant
+  development well 65 miles southwest of Houston, Texas.
+      The well has a choke of 11/64 of an inch and is 10,097 feet
+  deep.
+      The well initially tested at a maximum daily flow rate of
+  two mln cubic feet of gas and 304 barrels of condensate.
+      Participants in the new well, along with Sterling, are
+  Trafalgar House Ltd of the U.K. and <Texstar NOrth America Inc.>
+  
+
diff --git a/reuters/training/1665 b/reuters/training/1665
new file mode 100644
index 0000000000000000000000000000000000000000..f8276af5b10a27f5386e5286fdc22e14367c9a66
--- /dev/null
+++ b/reuters/training/1665
@@ -0,0 +1,7 @@
+COMPUTER HORIZONS <CHRZ> IN ACQUISITION
+  Computer Horizons Corp said it
+  purchased ComputerKnowledge Inc, a software training education
+  company headquartered in Dallas.
+      Terms were not disclosed.
+  
+
diff --git a/reuters/training/1666 b/reuters/training/1666
new file mode 100644
index 0000000000000000000000000000000000000000..35597be75db8239b3434a2056f1005d662618a41
--- /dev/null
+++ b/reuters/training/1666
@@ -0,0 +1,10 @@
+POLICY MANAGEMENT <PMSC> MAKES ACQUISITION
+  Policy Management Systems Corp
+  said it has acquired the majority of the assets and business of
+  Allied Research Inc of Salem, Ore., and Consolidated Insurance
+  Services Inc, of Springfield, Va., for undisclosed terms.
+      It said the two companies, which had combined 1986 revenues
+  of about two mln dlrs, provide underwriting information
+  services to property and casualty insurers.
+  
+
diff --git a/reuters/training/1667 b/reuters/training/1667
new file mode 100644
index 0000000000000000000000000000000000000000..ea9d8eb140d25a0053696ebb5cc50bd992f40ebe
--- /dev/null
+++ b/reuters/training/1667
@@ -0,0 +1,14 @@
+UNICORP CANADA<UNI.A> CUTS PUROLATOR<PCC> STAKE
+  Unicorp Canada Corp told the
+  Securities and Exchange Commission it cut its stake in
+  Purolator Courier Corp to 286,500 shares, or 3.7 pct of the
+  total outstanding, from 962,400 shares, or 12.4 pct.
+      Unicorp, a management and investment holding company
+  controlled by its chairman, George Mann, said it sold 675,900
+  Purolator common shares on March 2 and 3 at 34.782 and 34.750
+  dlrs a share.
+      Purolator agreed this past weekend to be acquired by
+  managers of its U.S. courier business and E.F. Hutton LBO Inc
+  in a leveraged buyout valued at 265 mln dlrs.
+  
+
diff --git a/reuters/training/167 b/reuters/training/167
new file mode 100644
index 0000000000000000000000000000000000000000..ca47b0926559c93042b04d64c62e3a2f88feaade
--- /dev/null
+++ b/reuters/training/167
@@ -0,0 +1,10 @@
+(MARSHALL STEEL LTD) YEAR NET
+  Oper shr five cts vs 36 cts
+      Oper net 508,000 vs 3,450,000
+      Revs 296.7 mln vs 298.0 mln
+      Note: former name Marshall Drummond McCall Inc.
+      Results include extraordinary gains of 952,000 dlrs or 11
+  cts per share in 1986 and 2,569,000 dlrs or 29 cts in 1985 from
+  income tax reduction.              
+  
+
diff --git a/reuters/training/1673 b/reuters/training/1673
new file mode 100644
index 0000000000000000000000000000000000000000..46310235e0da1a6c15e1a0e219bb2db30c6d7b2c
--- /dev/null
+++ b/reuters/training/1673
@@ -0,0 +1,13 @@
+FIRM ACQUIRES <AMERICAN NUTRITION WORKS INC>
+  <Nusource Investments Inc>, a
+  publicly held shell company, said it acquired American
+  Nutrition Works Inc through a transaction in which American
+  Nutrition shareholders received 28 mln shares of Nusource stock
+  in exchange for their shares.
+      American Nutrition operates a chain of stores sellings
+  vitamins and health products.
+      Nusource said shareholders elected a new board consisting
+  of Richard A. Trydahl, Samuel Mineo and Charles E. Flink and
+  voted to change the name of the company to ANW Inc.
+  
+
diff --git a/reuters/training/1674 b/reuters/training/1674
new file mode 100644
index 0000000000000000000000000000000000000000..5efca19794da7da098fa10bd6d67a79851c439e3
--- /dev/null
+++ b/reuters/training/1674
@@ -0,0 +1,29 @@
+CANADA WHEAT BOARD ADVISES CUT IN GRAIN PRICES
+  The Canadian Wheat Board has advised
+  the federal government to sharply cut initial prices paid to
+  farmers for their wheat, oats, and barley in the crop year
+  beginning August 1, a board spokesman said.
+      The spokesman declined to give the size of the recommended
+  price drops but said it would not be good news for western
+  Canadian grain growers.
+      "They're all lower," he said. "This is really getting
+  pretty serious. We're talking nuts and bolts economic survival
+  and whether it's worthwhile for farmers to put in a crop."
+      Farm leaders and economists have estimated the board will
+  recommend cuts of around 20 pct in the initial prices.
+      Farmers receive the initial payment when the grain is
+  delivered to the elevators used by the wheat board.
+      If the wheat board, which markets most of Canada's grain,
+  obtains higher than expected prices on world markets, the
+  farmers receive a final payment at the end of the crop year. If
+  prices are lower, the federal treasury makes up the difference.
+      The final decision on the initial prices, usually made in
+  April, rests with Wheat Board Minister Charles Mayer and the
+  federal cabinet.
+      Last year Mayer cut the initial prices between 19 and 27
+  pct but last fall the government announced a one billion
+  Canadian dlr aid program to compensate for the price cuts.
+      But federal agricultural officials have already warned
+  farmers not to depend on additional government aid this year.
+  
+
diff --git a/reuters/training/1675 b/reuters/training/1675
new file mode 100644
index 0000000000000000000000000000000000000000..0d553b0b3579b7a6005ce806e8458ca7c056ad60
--- /dev/null
+++ b/reuters/training/1675
@@ -0,0 +1,25 @@
+GATT COUNCIL DEFERS DECISION ON SEMICONDUCTORS
+  The ruling GATT Council deferred a
+  decision on whether to set up a dispute panel on the basis of a
+  European Community complaint against the U.S.- Japanese
+  agreement on exports of computer semiconductors.
+      David Woods, spokesman of the General Agreement on Tariffs
+  and Trade (GATT), told a news briefing that the main parties
+  would continue bilateral talks. This was in the hope of
+  resolving the row before the next Council meeting on April 15.
+      The five-year accord signed in July 1986 aims to protect
+  the U.S. Market from dumping of low-price Japanese microchips,
+  officially known as semiconductors.
+      The E.C. Complained the accord breached GATT trade rules by
+  allowing Tokyo to monitor prices, allowing it to set minimum
+  prices for Japanese chips sold in third countries.
+      The 12-nation Community also charged the agreement gave
+  U.S. Producers preferential access to the Japanese market.
+      Woods said many nations -- Hong Kong, Canada, Switzerland,
+  Singapore, Sweden, Malaysia and Nigeria -- had supported the EC
+  complaint during the heated Council debate.
+      Japan's delegate, Minoru Endo, and U.S. Ambassador Michael
+  Samuels replied in the debate that the E.C. Charges were
+  unfounded, but they were willing to continue bilateral talks.
+  
+
diff --git a/reuters/training/1676 b/reuters/training/1676
new file mode 100644
index 0000000000000000000000000000000000000000..d8c37b59f0d9fbb47654c34586221dc7bb1cb093
--- /dev/null
+++ b/reuters/training/1676
@@ -0,0 +1,13 @@
+FIRST SOUTHERN <FSFA> TO MAKE ACQUISITION
+  First Southern Federal Savings and
+  Loan Association said it has agreed in principle to acquire
+  Horizon Financial Corp and Horizon Funding corp from <Victor
+  Federal Savings and Loan Association> of Muskogee, Okla., for
+  undisclosed terms.
+      The company said the purchase is subject to approval of the
+  boards of First Southern and Victor and regulatory agencies.
+      Horizon Financial services mortgage loans and Horizon
+  Funding is a wholesale loan purchasing operation. Horizon
+  services 3.2 billion dlrs in mortgage loans.
+  
+
diff --git a/reuters/training/1677 b/reuters/training/1677
new file mode 100644
index 0000000000000000000000000000000000000000..5bad699649bc88facad1751c40a169f016931395
--- /dev/null
+++ b/reuters/training/1677
@@ -0,0 +1,10 @@
+DANAHER CORP <DHR> 4TH QTR NET
+  Shr 71 cts vs 43 cts
+      Net 7,274,000 vs 4,447,000
+      Rev 161.6 mln vs 77.6 mln
+      Year
+      Shr 1.51 dlrs vs 1.32 dlrs
+      Net 15,401,000 vs 13,525,000
+      Rev 454.0 mln vs 304.9 mln
+  
+
diff --git a/reuters/training/1678 b/reuters/training/1678
new file mode 100644
index 0000000000000000000000000000000000000000..fa2d25082f4468628b92c2be4409b4aca16d68de
--- /dev/null
+++ b/reuters/training/1678
@@ -0,0 +1,10 @@
+FIRM AGREES TO MERGE WITH LOTOQUIK INT'L
+  <Chatsworth Enterprises
+  Inc>, a publicly held shell corporation, said it signed a
+  letter of intent to merger with <Lotoquik International Ltd>, a
+  Nassau, Bahamas-based maker of video lottery machines.
+      Under terms of the merger agreement, Chatsworth said
+  Lotoquik shareholders would own a majority of the surviving
+  company.
+  
+
diff --git a/reuters/training/1679 b/reuters/training/1679
new file mode 100644
index 0000000000000000000000000000000000000000..7cc0f672e64c18452bb3e45355d05de06c068300
--- /dev/null
+++ b/reuters/training/1679
@@ -0,0 +1,13 @@
+ASBESTEC TO BUY CONTRACTOR, RECEIVES CONTRACT
+  <Asbestec Industries Inc> said
+  it signed a letter of intent to buy asbestos abatement
+  contractor <P.W. Stephens> for three mln dlrs in cash, stock
+  and notes.
+      The transaction is expected to be completed early in the
+  third quarter of its fiscal year ending September 30, 1987.
+      Asbestec also said it expects to sign March six a 900,000
+  dlr contract to remove asbestos from a major apartment complex
+  in Washington, D.C. The project is scheduled to begin on March
+  nine.
+  
+
diff --git a/reuters/training/168 b/reuters/training/168
new file mode 100644
index 0000000000000000000000000000000000000000..ef34772a51a30f99bc75fc91991723e499fe25db
--- /dev/null
+++ b/reuters/training/168
@@ -0,0 +1,7 @@
+MARSHALL STEEL DETAILS GAIN FROM UNIT SALE
+  (Marshall Steel Ltd), formerly Marshall
+  Drummond McCall Inc, said it will report a 17 mln dlr net gain
+  before taxes this year from the sale of its Drummond McCall
+  division, which was sold effective January one.                
+  
+
diff --git a/reuters/training/1680 b/reuters/training/1680
new file mode 100644
index 0000000000000000000000000000000000000000..201d8123e7006e6a0d589575b9753da9e2d0dd2a
--- /dev/null
+++ b/reuters/training/1680
@@ -0,0 +1,16 @@
+GATT SETS UP DISPUTE PANEL ON CANADIAN HERRING
+  The ruling GATT Council set up a formal
+  dispute panel to examine a U.S. Complaint that a Canadian law
+  prohibiting export of unprocessed herring and salmon was
+  discriminatory.
+      David Wood, official spokesman of the General Agreement on
+  Tariffs and Trade (GATT), told a news briefing the decision was
+  taken after bilateral consultations failed to resolve the row.
+      U.S. Ambassador Michael Samuels charged during the Council
+  debate that Canada was trying to preserve domestic jobs by
+  insisting that herring and salmon be processed at home.
+      Robert White, Canada's deputy chief of delegation, replied
+  the law was in line with GATT rules, and was for conservations
+  reasons. But he agreed to setting up the dispute panel.
+  
+
diff --git a/reuters/training/1681 b/reuters/training/1681
new file mode 100644
index 0000000000000000000000000000000000000000..171b43fa67bbb56bdb953493df3f44b37a77cc15
--- /dev/null
+++ b/reuters/training/1681
@@ -0,0 +1,12 @@
+COLOMBIAN INFLATION RISES 2.03 PCT IN FEBRUARY
+  colombia's cost of living index rose 2.03
+  pct in february after a 3.27 pct increase in january and a 3.15
+  pct rise in february 1986, the government statistics institute
+  said.
+      The rise brought year-on-year inflation to 19.77 pct
+  compared with 23.72 pct at end-february 1986 and 21.66 pct for
+  the year ending january 1987.
+      The government has predicted that inflation this year would
+  be lower than in 1986 when it reached 20.9 pct.
+  
+
diff --git a/reuters/training/1682 b/reuters/training/1682
new file mode 100644
index 0000000000000000000000000000000000000000..215c58af247172511d031259566eff719fd30ce7
--- /dev/null
+++ b/reuters/training/1682
@@ -0,0 +1,78 @@
+TALKING POINT/GENERAL MOTORS <GM>
+  General Motors Corp staged an explosive
+  rally on Wall Street after a share buyback program announced
+  yesterday, but analysts said GM's future remains clouded by
+  stiff competition and erosion of market share.
+      GM shares rose 3-1/2 to 79-1/8 in active trading. Analysts
+  agreed that investors liked the repurchase program but they 
+  differed sharply over the carmaker's long term prospects.
+      "I'm very positive on GM," said Jack Kirnan of Kidder
+  Peabody and Co. "They're clearly committed to enhancing
+  shareholder value."
+      However, some analysts worry about how GM will pay for the
+  buyback and whether new models will enable the carmaker to
+  recapture lost market share.
+      After the market had closed yesterday, GM said it would buy
+  back 20 pct of its common stock by the end of 1990. The
+  announcement sent investors today scrambling for GM shares,
+  with more than 3.2 mln shares changing hands by mid-day.
+      The buyback plan caused several analysts bullish on the
+  stock to reiterate buy recommendations this morning, and at
+  least one increased his earnings estimates for GM based on a
+  good performance expected from new car models.
+      But David Healy of Drexel Burnham Lambert Inc said the
+  repurchase program is not a positive.
+      "The buyback doesn't really change the earnings outlook and
+  puts more stress on the balance sheet," he said, since GM will
+  have to borrow money to pay for the stock purchases. The stock
+  should settle back down to around 76, he added.
+      Healy projects GM will earn five dlrs a share in 1987 and
+  5.50 dlrs in 1988, compared to 1986 earnings of 8.21 dlrs.
+  Healy's numbers are near the low end of Wall Street estimates,
+  which range from five dlrs to 7.80 dlrs in 1987 and from four
+  dlrs to 10.80 dlrs in 1988.
+      Like other analysts, Healy sees GM's share of the domestic
+  car and truck market falling in 1987. "On balance, GM cars are
+  not selling as well as their competitors," he said.
+      In late February, GM car sales fell 8.6 pct from the
+  year-ago period while competitors Ford Motor Co <F> and
+  Chrysler Corp <C> both posted increases. But GM said February
+  sales showed improvement over January, adding that it expects
+  improvement in coming months.
+      Overall, GM's share of U.S. car and truck sales should fall
+  to around 38 or 39 pct in 1987 from 41 pct at the end of 1986,
+  analysts said. The numbers include imports.
+      Kidder Peabody's Kirnan said cost reductions and product
+  improvements this year should lead to positive cash flow by the
+  fourth quarter, which will help GM finance the buyback.
+      "GM (stock) has been a real laggard and now it's rolling up
+  its sleeves and getting serious. I think there's a major
+  earnings surprise in the winds," he said.
+      Kirnan raised his earnings estimates slightly today, in
+  part in reaction to the announced buyback, and sees GM earning
+  5.65 dlrs this year and 9.75 dlrs in 1988. "The company is more
+  concerned than ever about improving their relative valuation
+  with respect to Ford and Chrysler," he said.
+      Another positive for the stock is GM's dividend, currently
+  five dlrs a share annually, which gives it a higher yield than
+  its competitors, Kirnan said. And GM will raise the cash
+  dividend 25 to 50 cts a share next year, he predicted.
+      But analyst Michael Lucky of Shearson Lehman Brothers Inc
+  said U.S. car sales will weaken, and GM's new products, if
+  successful, will only slow but not halt the erosion of its
+  market share.
+      "I believe their new cars will be successful, but that will
+  only curtail losses in market share," which will fall to around
+  35 pct by 1990, Lucky said.
+      Philip Fricke of Goldman Sachs and Co falls in the middle
+  of the bulls and bears. While he is recommending GM stock, he
+  said results will not improve until 1988.
+      "I'm not looking for improvement this year. This is a
+  transition year for GM," he said.
+      Fricke, who estimates 1987 earnings at 7.80 dlrs and 1988
+  at 10.80 dlrs, said cost cutting and new car models will not
+  affect 1987 results. "But the key thing isn't so much what they
+  earn this year. It's the momentum beyond this year that's
+  important."
+  
+
diff --git a/reuters/training/1684 b/reuters/training/1684
new file mode 100644
index 0000000000000000000000000000000000000000..23e01ac8fb075c894e0a5693ac836b71e4540f83
--- /dev/null
+++ b/reuters/training/1684
@@ -0,0 +1,13 @@
+PARTNERSHIP CUTS STAKE IN ERC INTERNATIONAL<ERC>
+  Parsow Partnership Ltd, a Nevada
+  investment partnership, said it lowered its stake in ERC
+  International Inc to 343,500 shares or 8.3 pct of the total
+  outstanding common stock, from 386,300 shares, or 9.3 pct.
+      In a filing with the Securities and Exchange Commission,
+  Parsow said it sold 42,800 ERC common shares between Jan 9 and
+  March 2 at prices ranging from 12.125 to 14.50 dlrs each.
+      The partnership said its dealings in ERC stock are for
+  investment purposes and it has no intention of seeking control
+  of the company.
+  
+
diff --git a/reuters/training/1686 b/reuters/training/1686
new file mode 100644
index 0000000000000000000000000000000000000000..8f6f4a7f2c94e4bbd7a1462e42e3296086fabed6
--- /dev/null
+++ b/reuters/training/1686
@@ -0,0 +1,11 @@
+IRANIAN OIL MINISTER DUE IN ALGERIA ON FRIDAY
+  Iranian Oil Minister Gholamreza Aqazadeh
+  is expected here on Friday for talks with his Algerian
+  counterpart Belkacem Nabi, the official Algerian news agency
+  APS said today.
+      Aqazadeh, who will be accompanied by a large delegation,
+  will have talks on bilateral relations in the field of energy
+  and exchange views with Algerian officials on the current world
+  energy situation, it said.
+  
+
diff --git a/reuters/training/1688 b/reuters/training/1688
new file mode 100644
index 0000000000000000000000000000000000000000..2b03ac5202eef11801282515eb4897e6afc1bae6
--- /dev/null
+++ b/reuters/training/1688
@@ -0,0 +1,5 @@
+<GOLDOME FSB> YEAR NET
+  Net 52.9 mln vs 21.9 mln
+      NOTE: Company is mutual savings bank.
+  
+
diff --git a/reuters/training/1689 b/reuters/training/1689
new file mode 100644
index 0000000000000000000000000000000000000000..6f69f7fea8f95b14e7eb9529c7f3719a3ad21384
--- /dev/null
+++ b/reuters/training/1689
@@ -0,0 +1,22 @@
+BEAR AUTOMOTIVE SERVICE <BEAR> 4TH QTR OPER NET
+  Oper shr 18 cts vs 28 cts
+      Oper net 1,076,000 vs 1,441,000
+      Sales 22.6 mln vs 21.2 mln
+      Avg shrs 5,970,000 vs 5,080,000
+      Year
+      Oper shr 55 cts vs 49 cts
+      Oper net 3,007,000 vs 2,521,000
+      Sales 82.9 mln vs 73.7 mln
+      Avg shrs 5,429,000 vs 4,484,000
+      Note: Full company name is Bear Automotive Service
+  Equipment Co
+      Oper shr excludes extraordinary profit from utilization of
+  tax loss carryforward of 231,000 dlrs, or four cts a share and
+  1.2 mln dlrs, or 22 cts a share, respectively, in 1986 qtr and
+  year, and of 441,000 dlrs, or nine cts a share and 1.1 mln
+  dlrs, or 23 cts a share, respectively, in 1985 qtr and year.
+      1985 year oper net excludes loss from cumulative effect of
+  change in accounting principle of 67,000 dlrs, or one ct a
+  share.
+  
+
diff --git a/reuters/training/169 b/reuters/training/169
new file mode 100644
index 0000000000000000000000000000000000000000..12fbaa4801d6376d7d44985b546a6bd45de6ae73
--- /dev/null
+++ b/reuters/training/169
@@ -0,0 +1,13 @@
+MAYFAIR INDUSTRIES INC <MAYF> 4TH QTR NET
+  Oper shr 21 cts vs 18 cts
+      Oper net 659,000 vs 523,000
+      Revs 7,866,000 vs 5,503,000
+      Avg shrs 3,141,217 vs 2,925,294
+      12 mths
+      Oper shr 70 cts vs 46 cts
+      Oper net 2,075,000 vs 1,358,000
+      Revs 25.9 mln vs 19.3 mln
+      Avg shrs 2,980,247 vs 2,925,294
+      Note: Excludes tax gain of 295,000 dlrs for qtr and year.
+  
+
diff --git a/reuters/training/1692 b/reuters/training/1692
new file mode 100644
index 0000000000000000000000000000000000000000..fa40ec4714bdc61015adf2e2a72faee8d7d708ef
--- /dev/null
+++ b/reuters/training/1692
@@ -0,0 +1,24 @@
+U.K. OIL INDUSTRY SAID NOT PERMANENTLY DAMAGED
+  The U.K. Offshore oil industry has
+  suffered from last year's collapse in oil prices but should not
+  sustain any permament damage, Minister of State for Energy
+  Alick Buchanan-Smith said.
+      The drilling, diving and supply vessels sectors had been
+  most affected, Buchanan Snith told the House of Commons energy
+  committee. He noted, however, that oil companies were still
+  spending six mln stg a day to maintain North Sea production.
+      He added that a report by the manpower services committee
+  which said 14,000 jobs were lost in the industry in 1986 should
+  be seen in the context of a total workforce of 300,000.
+      Prices of North Sea Brent-grade crude dipped to a low of
+  8.50
+  dlrs a barrel last July from a peak of over 30 dlrs the
+  previous November.
+      They recovered to around 18 dlrs a barrel after last
+  December's OPEC meeting and Brent traded today around 17.15
+  dlrs.
+      Buchanan-Smith said the U.K. Has no intention of adopting
+  OPEC style quotas, noting that Britian is an oil-consuming as
+  well as an oil-producing nation.
+  
+
diff --git a/reuters/training/1693 b/reuters/training/1693
new file mode 100644
index 0000000000000000000000000000000000000000..fda288ceff4c776b060f58c06c8748039c580c3c
--- /dev/null
+++ b/reuters/training/1693
@@ -0,0 +1,14 @@
+CHASE MANHATTAN STUDYING ITALIAN EXPANSION
+  <Chase Manhattan Bank N.A.> is considering
+  expanding its operations in Italy, particularly in the consumer
+  banking sector, a Chase Manhattan official said.
+      Robert D. Hunter, Chase Manhattan area executive for
+  Europe, Africa and the Middle East, said at a news conference
+  that plans to broaden the bank's activities on the Italian
+  market have not been finalised, however.
+      Asked if Chase Manhattan would consider an acquisition in
+  Italy, Hunter said: "We will look at any opportunity, but the
+  prices of Italian banks have been quite high." Chase Manhattan
+  has branches in Milan and Rome.
+  
+
diff --git a/reuters/training/1694 b/reuters/training/1694
new file mode 100644
index 0000000000000000000000000000000000000000..d61e9c3cf3af99fd5720b90f88dc11bb1f838587
--- /dev/null
+++ b/reuters/training/1694
@@ -0,0 +1,25 @@
+HRS <IHIRF> REDUCING STAKE IN HAL ROACH <HRSI>
+  International H.R.S. Industries Inc said
+  it would reduce its stake in Hal Roach Studios Inc to 22 pct
+  from 52 pct in return for 6.3 mln U.S. dlrs from Qintex Inc's
+  Qintex America (Media) Ltd unit.
+      H.R.S. said that under the deal's first stage, closng March
+  22, it would sell Qintex 900,000 Hal Roach shares at seven U.S.
+  dlrs a share each for a total of 6.3 mln dlrs and Roach will
+  repay H.R.S. 3.3 mln U.S. dlrs of advances.
+      Qintex will also complete the 16.8 mln U.S. dlr buy of 2.4
+  mln Roach treasury shares at seven dlrs each and provide Roach
+  with 50 mln U.S. dlrs of financing for expansion, H.R.S. said.
+      H.R.S. said that the agreement also provided for a second
+  stage over one year in which it had a put option exercisable 
+  one year from closing to sell Qintex all or part of its two mln
+  Roach shares for 8.50 U.S. dlrs a share.
+      It said Qintex had a 30-day call option, exerciseable nine
+  months from closing, to buy from H.R.S. all or part of one mln
+  Roach shares at the greater of 8.50 dlrs each or the average
+  Roach share price for three months before exercise date.
+      Qintex will also acquire another 2.4 mln Roach treasury
+  shares at seven dlrs a share 12 months after closng for another
+  16.8 mln dlrs, H.R.S. said.
+  
+
diff --git a/reuters/training/1696 b/reuters/training/1696
new file mode 100644
index 0000000000000000000000000000000000000000..f7ba0746f8cba3b5e955f7a3c9ad852312cc08d6
--- /dev/null
+++ b/reuters/training/1696
@@ -0,0 +1,34 @@
+TOTAL STILL EXPECTS 1.5 BILLION FRANC 1986 LOSS
+  French oil group Total Cie Francaise des
+  Petroles <TPN.PA> is still expecting a 1.5 billion franc
+  consolidated net loss, including minority interests, for 1986,
+  after taking account of stock losses of 7.5 billion francs, the
+  company said in a communique after a board meeting here.
+      In late January group president Francois-Xavier Ortoli told
+  journalists that the slump in oil prices and the weak dollar
+  had caused the stock depreciation, turning a consolidated net
+  profit, before losses on stocks, of six billion francs into a
+  consolidated net loss of 1.5 billion francs.
+      Earlier today Armand Guilbaud, president of Total's
+  refining and distribution subsidiary Cie de
+  Raffinage-Distribution (CRD) Total France <RAFF.PA>, told
+  journalists that 1986 had marked a return to profit for the
+  subsidiary before stock depreciation.
+      CRD made a net profit before stock depreciation and
+  currency factors of 1.95 billion francs last year after a 1.16
+  billion loss in 1985.
+      But its net loss last year, taking account of that
+  depreciation as well as currency fluctuations, was 1.16 billion
+  francs after a 1.05 billion loss in 1985.
+      In 1986 CRD's sales fell 5.7 pct to 19.7 mln tonnes from
+  20.9 mln "due to the growth in imports by independent
+  distributors following a relaxation of regulations," Guilbaud
+  said.
+      The subsidiary is expecting to cut its workforce to 6,000
+  this year and 5,000 in 1988 from 6,800 last year, under a job
+  reduction scheme which will eventually save the group 600 mln
+  francs, he said.
+      Concerning business in 1987, he said that "January was a
+  good month, but the situation deteriorated in February."
+  
+
diff --git a/reuters/training/1706 b/reuters/training/1706
new file mode 100644
index 0000000000000000000000000000000000000000..03c9b8b76f5320c159cbf7ce7bff8c6c36bd8aac
--- /dev/null
+++ b/reuters/training/1706
@@ -0,0 +1,18 @@
+STEEGO CORP <STG> 3RD QTR JAN 31 LOSS
+  Oper shr loss 16 cts vs loss 10 cts
+      Oper net loss 1,569,000 vs loss 990,000
+      Sales 50.3 mln vs 50.1 mln
+      Nine mths
+      Oper shr loss nine cts vs loss two cts
+      Oper net loss 849,000 vs loss 199,000
+      Sales 159.9 mln vs 156.6 mln
+      NOTE: Current nine mths net includes 1,036,000 dlr pretax
+  gain on sale of property.
+      Prior year net both periods includes pretax gain 1,095,000
+  dlrs on pension plan termination.
+      Current quarter net includes 580,000 dlr tax credit.
+      Prior year net includes losses from discontinued operations
+  of 200,000 dlrs in quarter and 573,000 dlrs in nine mths.
+      Results restated for discontinued operations.
+  
+
diff --git a/reuters/training/1708 b/reuters/training/1708
new file mode 100644
index 0000000000000000000000000000000000000000..e76714323ce7d1a6a03c92851fa565513b2336aa
--- /dev/null
+++ b/reuters/training/1708
@@ -0,0 +1,6 @@
+E-SYSTEMS INC <ESY> SETS QUARTERLY
+  Qtly div 12-1/2 cts vs 12-1/2 cts prior
+      Pay April One
+      Record March 13
+  
+
diff --git a/reuters/training/1709 b/reuters/training/1709
new file mode 100644
index 0000000000000000000000000000000000000000..2dc429700568646f0aa067fa7b4c6866d37c74af
--- /dev/null
+++ b/reuters/training/1709
@@ -0,0 +1,14 @@
+RESOURCE EXPLORATION <REXI> IN DRILLING PACT
+  Resource Exploration Inc said it has
+  agreed to let <Langasco Energy Corp> drill 50 oil and
+  natural gas wells on its Clinton Sandstone formation within its
+  Tuscarawas and Harrison County, Ohio area of operation.
+      Resource said it would receive a cash payment and an
+  overriding royalty interest on oil and gas production from
+  wells drilled on the property.
+      Resource said gas produced from the property will be
+  transported through its existing pipeline. Also, Resource said
+  it will provide service work to complete the wells and it will
+  operate the wells after they are completed.
+  
+
diff --git a/reuters/training/1711 b/reuters/training/1711
new file mode 100644
index 0000000000000000000000000000000000000000..c4c44ce1c51a34a84e3e2a1ddc6fccca4ed481c5
--- /dev/null
+++ b/reuters/training/1711
@@ -0,0 +1,37 @@
+TEXAS OIL REGULATOR CALLS FOR STATE TAX BREAKS
+  Texas Railroad Commissioner James
+  Nugent, saying that the ailing oilpatch cannot wait for
+  Congress to act, today urged Texas state lawmakers to adopt
+  incentives to find new oil reserves and to exempt severance
+  taxes on oil produced from stripper wells.
+      Nugent said in a speech to the Texas house of
+  representatives that the state must take the initiative in
+  molding U.S. energy policy and finding new ways to assist
+  troubled oil producers.
+      His proposal to revitalize Texas' oil industry would exempt
+  stripper wells that produce 10 barrels of oil or less each day
+  from the state's 4.6 pct severance tax. He said that the
+  majority of Texas' oil wells fall within the stripper well
+  category and a price swing of two to three dlrs a barrel can be
+  crucial in determining if the well remains in production.
+      Nugent also called for state lawmakers to exempt new
+  wildcat wells from the state severance tax for up to five years
+  as a financial incentive to explore for new oil reserves.
+      Secondary and tertiary oil production, expensive methods of
+  production that inject water or gas into the ground to recover
+  oil, should also be exempted from the severance tax, Nugent
+  said. His plan would exempt existing secondary and tertiary
+  wells that produce at a rate of less than three barrels a day
+  for three years, or until the price of oil reaches $25 a
+  barrel.
+      "We've been sitting back and waiting on two federal
+  administrations to develop a coherent energy policy for the
+  nation to follow. I say we have waited long enough," Nugent
+  said. "In other words, let's tell Washington to either lead,
+  follow, or get out of the way."
+      Nugent said that the financial losses to the state treasury
+  by exempting marginal oil production from state severance taxes
+  would be more than made up by stimulating new business for the
+  oil supply and service industry.
+  
+
diff --git a/reuters/training/1714 b/reuters/training/1714
new file mode 100644
index 0000000000000000000000000000000000000000..c0437a49fba3a09eb69ec425e7e453ba5e9f396e
--- /dev/null
+++ b/reuters/training/1714
@@ -0,0 +1,6 @@
+UNICORP AMERICAN CORP <UAC> SETS QUARTERLY
+  Qtly div 15 cts vs 15 cts prior
+      Pay March 31
+      Record March 13
+  
+
diff --git a/reuters/training/1715 b/reuters/training/1715
new file mode 100644
index 0000000000000000000000000000000000000000..d2485562a52f9cbaa22940622c2f6a055911996c
--- /dev/null
+++ b/reuters/training/1715
@@ -0,0 +1,34 @@
+COLOMBIA BLASTS U.S. FOR COFFEE TALKS FAILURE
+  Colombian finance minister Cesar Gaviria
+  blamed an inflexible U.S. position for the failure of last
+  week's International Coffee Organisation, ICO, talks on export
+  quotas.
+      "We understand that the U.S. Position was more inflexible
+  than the one of Brazil, where current economic and political
+  factors make it difficult to adopt certain positions," Gaviria
+  told Reuters in an interview.
+      The U.S. and Brazil have each laid the blame on the other
+  for the breakdown in the negotiations to re-introduce export
+  quotas after being extended through the weekend in London.
+      Gaviria stressed that Colombia tried to ensure a successful
+  outcome of the London talks but he deplored that intransigent
+  attitudes, both from producing and consuming nations, made it
+  impossible.
+      In a conversation later with local journalists, Gaviria
+  said the U.S. attitude would have serious economic and
+  political consequences, not necessarily for a country like
+  Colombia but certainly for other Latin American nations and for
+  some African countries.
+      He told Reuters that Colombia, because of the relatively
+  high level of its coffee stocks, would probably suffer less.
+      According to Gaviria, Colombia can hope to earn about 1,500
+  mln dlrs this calendar year from coffee exports, which
+  traditionally account for 55 pct of the country's total export
+  revenue.
+      That estimate would represent a drop in revenues of 1,400
+  mln dlrs from 1986.
+      Colombia, which held stockpiles of 10.5 mln bags at the
+  start of the current coffee year, exported a record 11.5 mln
+  bags in the 1985/86 coffee year ending last September 30.
+  
+
diff --git a/reuters/training/1716 b/reuters/training/1716
new file mode 100644
index 0000000000000000000000000000000000000000..da507985f94e3c233189dee5edfb82cba6713475
--- /dev/null
+++ b/reuters/training/1716
@@ -0,0 +1,6 @@
+LIBERTY FINANCIAL GROUP <LFG> REGULAR DIVIDEND
+  Qtly div 12.5 cts vs 12.5 cts in prior qtr
+      Payable March 13
+      Record February 27
+  
+
diff --git a/reuters/training/1718 b/reuters/training/1718
new file mode 100644
index 0000000000000000000000000000000000000000..93ce62d30169c1710f9d774c1dde230f8a0f3f83
--- /dev/null
+++ b/reuters/training/1718
@@ -0,0 +1,46 @@
+PACTEL <PAC> SEES EARNINGS GROWTH
+  Pacific Telesis Group chairman Donald
+  Guinn told a meeting of security analysts that the company sees
+  continued earnings growth in 1987 above the 1.08 billion dlrs,
+  or 5.02 dlrs per share, earned in 1986.
+      Guinn also said that capital spending stood at about 1.8
+  billion dlrs in 1986, and the company expected the figure to
+  remain flat each year through 1989. He noted that all captial
+  spending will be internally financed.
+      Guinn also told analysts that the company faced some
+  regulatory uncertainties in ongoing rate cases at its Pacific
+  Bell operating company.
+      In rates hearings before, the California Public Utility
+  Commission, Guinn said the company faced a potential 76 mln dlr
+  revenue reduction, and due to ongoing discussions with the
+  commission, he said the figure might even be greater.
+      The company also faces some opposition to a 225 mln dlr
+  rate hike requested for 1986. Guinn said the commission found
+  180 mln dlrs of the hike was based on questionable calculations
+  and assumptions, while 45 mln dlrs might represented unneeded
+  modernization costs.
+      Guinn also said that the company is still studying whether
+  to join an international consortium that plans to lay a
+  transpacific telephone cable between the U.S. and Japan.
+      "We have not agreed to anything," Guinn said, but added he
+  would soon recieve a feasibility study on the venture and the
+  company would make a decision soon on participating.
+      Asked by an analyst about the recent recommendation by the
+  U.S. Department of Justice which would allow the Bell operating
+  companies to offer limited long distance services, Guinn said
+  the company would likely shy away from that type of expansion.
+      "(Long distance services) is a very competitive business.
+  It's a commodity business and becoming more so," he said. "I'm
+  not so sure we would be interested in getting back into that
+  business."
+      However, Guinn generally applauded the U.S.
+  recommendations, saying they would give more latitude for the
+  Bell operating companies to expand into non-regulated
+  businesses and provide more flexibility to form strategic
+  alliances with other companies.
+      He added that while the company welcomes the expansion into
+  new areas, it is not currently involved in any acqusition
+  talks. "We do not have anything actively under consideration,"
+  he said.
+  
+
diff --git a/reuters/training/1719 b/reuters/training/1719
new file mode 100644
index 0000000000000000000000000000000000000000..5cc9bf91fe25ed2caed3796e1babc608039a8b7b
--- /dev/null
+++ b/reuters/training/1719
@@ -0,0 +1,5 @@
+TRANS WORLD AIRLINES MAKES 52 DLR/SHARE CASH MERGER PROPOSAL FOR USAIR
+
+  TRANS WORLD AIRLINES MAKES 52 DLR/SHARE CASH MERGER PROPOSAL FOR USAIR
+  
+
diff --git a/reuters/training/1722 b/reuters/training/1722
new file mode 100644
index 0000000000000000000000000000000000000000..d5c6c8f1498fdc604955030456aae52ae3b13408
--- /dev/null
+++ b/reuters/training/1722
@@ -0,0 +1,13 @@
+UNICORP AMERICAN CORP <UAC> 4TH QTR NET
+  Shr 13 cts vs 70 cts
+      Net 1,279,000 vs 7,979,000
+      Revs 16.4 mln vs 19.6 mln
+      Year
+      Shr 89 cts vs 2.43 dlrs
+      Net 10.3 mln vs 29.8 mln
+      Revs 56.2 mln vs 83.8 mln
+      Avg shrs 12.1 mln vs 13.1 mlnm
+      NOTE: 1986 year net includes gain 12.9 mln dlrs from sale
+  of eight real estate properties.
+  
+
diff --git a/reuters/training/1723 b/reuters/training/1723
new file mode 100644
index 0000000000000000000000000000000000000000..a27a47eef5bd8e97f2dac12d50af58ddb99a2ff3
--- /dev/null
+++ b/reuters/training/1723
@@ -0,0 +1,17 @@
+KENYA SIGNS PACT TO ESTABLISH OWN SHIPPING LINE
+  Kenya has signed an agreement with
+  British and German interests to establish a shipping line that
+  will handle 40 pct of the country's external trade, sources
+  close to the deal said.
+      The state-owned Kenya Ports Authority, KPA, signed an
+  agreement with the Hamburg-based shipping line Unimar
+  Seetransport to establish the Kenya National Shipping line,
+  with an initial capital of 100 mln shillings, sources said. KPA
+  will hold 70 pct of the shares in the new company.
+      The line will initially charter vessels to operate services
+  between Mombasa and the main ports of industrial Europe, but
+  may eventually build or buy its own ships. The sources said it
+  would aim to carry a large part of Kenya's coffee and tea
+  exports and oil and fertiliser imports.
+  
+
diff --git a/reuters/training/1724 b/reuters/training/1724
new file mode 100644
index 0000000000000000000000000000000000000000..c34b528cdb4bb32c8a6bf0ca31254d471c19eef0
--- /dev/null
+++ b/reuters/training/1724
@@ -0,0 +1,60 @@
+NEW BANK RULES TOUGHER THAN NEEDED, DEALERS SAY
+  U.S. and U.K. bank regulators are asking
+  banks to set aside more reserves than is necessary to cushion
+  them against the risks posed by the interest rate and currency
+  swap transactions they carry, swap dealers said.
+      After viewing proposed guidelines released jointly today by
+  the Bank of England and the Federal Reserve Board, dealers said
+  that in effect, regulators are asking them to set aside
+  reserves twice for the same risk.
+      Market participants will have 60 days to respond to the
+  proposals.
+      Adoption of stiffer capital requirements is especially
+  significant in the eurobond markets, which saw new issue volume
+  of about 183 billion dlrs in 1986 according to figures compiled
+  by Euromoney magazine. While no firm figures exist, dealers in
+  eurobonds estimate that 80 pct of all new issues are involved
+  in some swap arrangement. Separately, the ISDA estimates that
+  about 300 billion dlrs worth of swap transactions are
+  outstanding. Kenneth McCormick, co-chairman of the
+  International Swap Dealers Association (ISDA) and President of
+  Kleinwort Benson Cross Financing Inc, said that the Association
+  has no comment and will study the proposals.
+      "What they are proposing is really double counting," Patrick
+  de Saint-Aignan, managing director of swaps for Morgan Stanley
+  and Co, said. Instead, he argues, banks should either be
+  required to hold a percentage of the face value -- say one pct
+  per year to maturity -- or to hold a percentage of the cost of
+  replacing the contract in the event of a counterparty default.
+      "The potential risk factors are very large relative to what
+  we had expected," said a director at one U.K. merchant bank.
+  "What they are really doing is asking you to capitalize now --
+  to borrow money now -- to cushion you against risk you might
+  have 10 years from now," he added.(Adds title first paragraph).
+      Dealers also said they believe that banks not covered by
+  the agreement, such as those based in Japan, will have a
+  competitive advantage because they will not have to pass the
+  costs on to customers.
+      Indeed, regulators are apparently also concerned about the
+  exclusion of other countries from the new requirements. Federal
+  Reserve Board Governor Martha Seger, following approval of the
+  proposed guidelines by the Fed, said she is concerned that
+  Japan was not involved in the U.K.-U.S. effort to draft new
+  capital rules.
+       Dealers said they were somewhat relieved to see that bank
+  regulators recognized the concept of netting, that is,
+  offsetting the amounts receiveable from and payable to a single
+  counterparty against each other.
+      The paper said that regulatory authorities "recognize that
+  such arrangements (netting) may in certain circumstances reduce
+  credit risk." Furthermore, the paper said, if a netting
+  agreement could be reached that would withstand legal tests, it
+  might be willing to reduce capital requirements accordingly.
+      But dealers said they fear regulators may insist on an
+  airtight netting agreement that is impossible to design.
+       "One problem is that there has never been a major default
+  in the swaps market. So we don't know if any of the swap
+  arrangements will really stand up in court," said one bank
+  official.
+  
+
diff --git a/reuters/training/1727 b/reuters/training/1727
new file mode 100644
index 0000000000000000000000000000000000000000..27b01d55039f6660459d555b1d6e734298bcec8e
--- /dev/null
+++ b/reuters/training/1727
@@ -0,0 +1,9 @@
+SHAW'S SUPERMARKETS INC <SHAW> YEAR JAN 3
+  Shr 1.23 dlrs vs 1.33 dlrs
+      Semi-annual div six cts vs six cts prior payment
+      Net 16.2 mln vs 14.8 mln
+      Sales 1.09 billion vs 909.4 mln
+      NOTE: Dividend is payable April one to holders of record
+  March nine
+  
+
diff --git a/reuters/training/1729 b/reuters/training/1729
new file mode 100644
index 0000000000000000000000000000000000000000..2e1f32bb03ded9b4cd5f4dbfae95bcc74d328559
--- /dev/null
+++ b/reuters/training/1729
@@ -0,0 +1,30 @@
+DYNAMICS CORP <DYA> IN SETTLEMENT WITH CTS <CTS>
+  Dynamics Corp of America said
+  it has reached an agreement with CTS Corp resolving all
+  differences between the two companies.
+      It said as a result of the settlement, CTS's special board
+  committee has stopped soliciting orders to purchase some or all
+  of CTS.
+      Dynamics, which now owns 27.5 pct of CTS' outstanding
+  stock, said it agreed to limit its shareholdings to not more
+  than 35 pct of the outstanding shares for a year following the
+  company's 1987 annual meeting.
+      Dynamics said the CTS board will recommend CTS shareholders
+  vote at the 1987 annual meeting in favor of the company paying
+  Dynamics 2,178,000 dlrs as a reimbursement for its CTS releated
+  costs and granting Dynamics an option to buy enough CTS common
+  at 29.625 dlrs a share to give it ownership of 35 pct of the
+  outstanding stock.
+      Dynamics said the price of stock under the option,
+  exercisable for one year, is based on the average closing price
+  for the stock for the five days ending March two.
+      Dynamics said CTS Chairman George F. Sommer will assume the
+  additional title of President. Former President Robert D.
+  Hostetler is resigning as a director, as is Chief Financial
+  Officer Gary B. Erekson, Ted Ross and Donald J. Kacek.
+      Dynamics said the CTS board will be reduced to seven
+  members for eight with the remaining four members of the
+  current board and three representatives of Dynamics as new
+  directors.
+  
+
diff --git a/reuters/training/1731 b/reuters/training/1731
new file mode 100644
index 0000000000000000000000000000000000000000..11d42821ac53b94c89e3257c2c81a1fe9935a622
--- /dev/null
+++ b/reuters/training/1731
@@ -0,0 +1,28 @@
+RENEWAL OF U.S./USSR GRAIN PACT SAID UNCERTAIN
+  Prospects for renewal of the
+  five-year U.S./USSR grains agreement are uncertain at this
+  point, a Soviet trade official told Reuters.
+      The current trade imbalance between the United States and
+  the Soviet Union, high U.S. commodity prices, and increased
+  world grain production make a renewal of the supply agreement
+  next year less certain, Albert Melnikov, deputy trade
+  representative of the Soviet Union, said in an interview.
+      The current agreement expires on Sept 30, 1988.
+      Melnikov said that world grain markets are different than
+  when the first agreement was signed in 1975.
+      Statements from both U.S. and Soviet officials have
+  indicate that a long term grains agreement might not be as
+  attractive for both sides as it once was.
+      "We have had one agreement. We have had a second agreement,
+  but with the second agreement we've had difficulties with
+  prices," Melnikov said.
+      "I cannot give you any forecasts in response to the future
+  about the agreement.... I do not want to speculate on what will
+  happen after Sept 30, 1988," he said.
+      Melnikov noted that he has seen no indications from Soviet
+  government officials that they would be pushing for a renewal
+  of the agreement.
+      "The situation is different in comparison to three, five or
+  ten years ago ... We can produce more," he said.
+  
+
diff --git a/reuters/training/1732 b/reuters/training/1732
new file mode 100644
index 0000000000000000000000000000000000000000..dedb1ed79b9c6edeeade1f6bad93b8d972ef948a
--- /dev/null
+++ b/reuters/training/1732
@@ -0,0 +1,14 @@
+DANAHER <DHR> EXPECTS EARNINGS INCREASE IN 1987
+  Danaher Corp said it expects higher
+  earnings in 1987 versus 1986.
+      "We expect significant increases in earnings and revenues
+  in 1987," Steven Rales, Danaher chairman and chief executive
+  officer, said.
+      Earlier, the company reported 1986 net earnings of 15.4 mln
+  dlrs, or 1.51 dlrs a share, versus 13.5 mln dlrs, or 1.32 dlrs
+  a share, in 1985.
+      It also reported fourth quarter net of 7.3 mln dlrs, or 71
+  cts a share, up from 4.4 mln dlrs, or 43 cts a share, in the
+  previous year's fourth quarter.
+  
+
diff --git a/reuters/training/1734 b/reuters/training/1734
new file mode 100644
index 0000000000000000000000000000000000000000..5e27e03e0cb8cb5b1a3f92d585f739bf656c08ed
--- /dev/null
+++ b/reuters/training/1734
@@ -0,0 +1,16 @@
+DANAHER CORP <DHR> 4TH QTR NET
+  Shr 71 cts vs 43 cts
+      Net 7,274,000 vs 4,447,000
+      Rev 161.6 mln vs 77.6 mln
+      Year
+      Shr 1.51 dlrs vs 1.32 dlrs
+      Net 15,401,000 vs 13,525,000
+      Rev 454.0 mln vs 304.9 mln
+      NOTE: Fourth qtr net includes extraordinary gain of 3.8 mln
+  dlrs, or 37 cts per share, versus 2.9 mln dlrs, or 28 cts a
+  share, in 1985's fourth qtr, and an extraordinary charge of
+  642,000 dlrs, or six cts a share. 1986 net includes
+  extraordinary gain of 7.4 mln dlrs, or 72 cts a share, versus
+  8.0 mln dlrs, or 78 cts a share, in 1985.
+  
+
diff --git a/reuters/training/1735 b/reuters/training/1735
new file mode 100644
index 0000000000000000000000000000000000000000..2844a1103b23bf15d0d6d51cb2ef4e151e5da95e
--- /dev/null
+++ b/reuters/training/1735
@@ -0,0 +1,35 @@
+TWA <TWA> MAKES MERGER OFFER FOR USAIR <U>
+  Trans World Airlines said it has
+  proposed a cash merger of USAir Group with TWA in which the
+  holders of USAir common would receive 52 dlrs in cash in
+  exchange for their stock.
+      TWA said the offer was made in a letter to Edmin Colodny,
+  chairman and president of USAir.
+      TWA said, however, that if the negotiated deal is not
+  acceptable it may make an offer directly to USAir's
+  shareholders for up to 51 pct of USAir's outstanding stock, to
+  be purchased in a voting trust at a price lower than today's
+  offer.
+      TWA said it is filing an application with the Department of
+  Transportation seeking approval of the merger as well as an
+  application for approval, on an expedited basis, of its
+  purchase of up to 51 pct of USAir common and the deposit of the
+  stock in a voting trust, pending DOT approval.
+      TWA said that in respect to USAir's recent offer for
+  Piedmont Aviation <PIE> it believes that USAir's shareholders
+  would prefer a cash merger proposal for USAir over its proposed
+  acquisition of Piedmont.
+      TWA said, however, it also would be interested in
+  discussing a three way deal among USAir, Piedmont and TWA.
+      TWA said the merger is subject to the USAir board redeeming
+  the preferred stock purchase rights (the poison pill) issued to
+  shareholders last year and taking action so that the vote of a
+  majority of the outstanding common stock is required to approve
+  its proposed move.
+      Additionally, TWA said it would need a satisfactory due
+  diligence review of USAir.
+      TWA said it has not yet had an opportunity to obtain the
+  necessary financing for the deal, but added it is confident
+  that it will get it.
+  
+
diff --git a/reuters/training/1739 b/reuters/training/1739
new file mode 100644
index 0000000000000000000000000000000000000000..a15c156918bb85e2bb738bc63696a997537dbb6f
--- /dev/null
+++ b/reuters/training/1739
@@ -0,0 +1,28 @@
+CTS <CTS> AND DYNAMICS <DYA> REACH ACCORD
+  CTS Corp and Dynamics Corp of
+  America reached an agreement resolving all outstanding
+  differences between them, according to a joint statment.
+      As a result of the settlement, a special committee of the
+  board of directors of CTS stopped soliciting offers to buy all
+  or part of the company, it said.
+      CTS and DCA also agreed to dismiss all pending litigation
+  between the two companies except for one appeal pending before
+  the U.S. Supreme Court relating to the Indiana Control Share
+  Chapter, it said.
+      Under the agreement, the CTS board will immediately be
+  reduced to seven from eight with four current directors and
+  three representatives of DCA being elected to the board, it
+  said. This board will be presented as the slate for CTS' 1987
+  annual shareholders meeting, it added.
+      CTS' directors will recommend to shareholders that they
+  approve reimbursement to DCA of about 2.2 mln dlrs in expenses
+  relating to CTS, and grant DCA an option to buy up to 35 pct of
+  CTS' shares, it said.
+      In addition, DCA said it agreed to limit its ownership in
+  CTS for the year following the 1987 annual meeting to not more
+  than 35 pct of the outstanding stock. DCA currently holds 27.5
+  pct of the outstanding shares of CTS.
+      Both companies said they support the agreement and believe
+  it to be fair to both sides.
+  
+
diff --git a/reuters/training/1740 b/reuters/training/1740
new file mode 100644
index 0000000000000000000000000000000000000000..a0c85dd6c228c11cae44ae0e17f9b24eb8a41b7b
--- /dev/null
+++ b/reuters/training/1740
@@ -0,0 +1,10 @@
+MEASUREX <MX> SELLS SOUTH AFRICAN UNIT
+  Measurex Corp said it
+  completed the sale of its Measurex (South Africa Pty)
+  subsidiary to a group of employees who manage the operation.
+      Measurex, a maker of computer integrated manufacturing
+  systems, said the subsidiary represented less than one pct of
+  worldwide revenues and the sale will have no impact on this
+  year's earnings.
+  
+
diff --git a/reuters/training/1741 b/reuters/training/1741
new file mode 100644
index 0000000000000000000000000000000000000000..020669e2c0938d50d78d7639ca69ec87547d8834
--- /dev/null
+++ b/reuters/training/1741
@@ -0,0 +1,9 @@
+JEFFERIES MAKING MARKET IN USAIR <U>
+  Jefferies and Co said it is making a
+  market in the stock of USAir Group Inc at 48-1/2 to 50.
+      USAir received an offer from Trans world airlines to buy
+  the airline at 52 dlrs cash per share.
+      USAir was halted on the New York Stock EXcahnge for
+  dissemination of the news. It was indicated at 47 to 54.
+  
+
diff --git a/reuters/training/1747 b/reuters/training/1747
new file mode 100644
index 0000000000000000000000000000000000000000..8d39f637b8407b26d10e9949cba389087c7f3ff3
--- /dev/null
+++ b/reuters/training/1747
@@ -0,0 +1,11 @@
+TRANS-LUX <TLX> SETS FIVE PCT STOCK DIVIDEND
+  Trans-Lux Corp said its board
+  declared a five pct stock dividend payable April nine to
+  holders of record March 20.
+      The company said directors also declared regular quarterly
+  dividends on presently outstanding shares of both classes of
+  common, payable April nine to holders of record March 16.
+      It said an unchanged dividend of two cts will be paid on
+  the common and 1.8 cts on the Class B stock.
+  
+
diff --git a/reuters/training/1751 b/reuters/training/1751
new file mode 100644
index 0000000000000000000000000000000000000000..4151137a334a6add1aeec9944ef6cf8d5e9a0cde
--- /dev/null
+++ b/reuters/training/1751
@@ -0,0 +1,21 @@
+KANEB ENERGY PARTNERS LTD <KEP> 4TH QTR LOSS
+  Shr loss one cent
+      Net loss 186,000
+      Revs 10.7 mln
+      11 mths
+      Shr loss 7.26 dlrs
+      Net loss 121.4 mln
+      Revs 46.9 mln
+      NOTE: In February 1986, Kaneb Services Inc contributed all
+  of its domestic oil and gas operations to Kaneb Partners, which
+  was newly formed, and exchanged approximately 3,200,000
+  depositary units respresenting limited partnership interests in
+  KEP for approximately 6,400,000 million shares of the
+  outstanding common stock of Kaneb Servies Inc. Kaneb now owns
+  approximately 82 pct of KEP.
+      During the 11 mths of operation, the partnership wrote down
+  the carrying value of its oil and gas properties by 124.8 mln
+  dlrs. The write downs reduced income by 7.46 dlrs per limited
+  partnership unit.
+  
+
diff --git a/reuters/training/1752 b/reuters/training/1752
new file mode 100644
index 0000000000000000000000000000000000000000..c5e2375e8d2751f7c2935074a1cd29f55779220d
--- /dev/null
+++ b/reuters/training/1752
@@ -0,0 +1,10 @@
+DALTON COMMUNICATIONS INC <DALT> 3RD QTR JAN 31
+  Shr profit three cts vs loss two cts
+      net profit 157,500 vs loss 60,200
+      Revs 1.1 mln vs 1.0 mln
+      Nine months
+      Shr profit five cts vs profit six cts
+      Net profit 223,400 vs profit 260,800
+      Revs 3.2 mln vs 3.1 mln
+  
+
diff --git a/reuters/training/1758 b/reuters/training/1758
new file mode 100644
index 0000000000000000000000000000000000000000..b26911a9bbfb80347f8dfad36fda0d371b61edfa
--- /dev/null
+++ b/reuters/training/1758
@@ -0,0 +1,3 @@
+ 4-MAR-1987 15:35:42.66
+   4-MAR-1987 15:35:42.66
+
diff --git a/reuters/training/1759 b/reuters/training/1759
new file mode 100644
index 0000000000000000000000000000000000000000..68d8c63f1518b2761e0c8bb00667da583d2f44ba
--- /dev/null
+++ b/reuters/training/1759
@@ -0,0 +1,12 @@
+WTD INDUSTRIES INC <WTDI> 3RD QTR JAN 31 NET
+  Shr profit 13 cts vs loss one ct
+      Net profit 853,000 vs loss 22,000
+      Sales 41.1 mln vs 20.3 mln
+      Avg shrs 6,349,753 vs 4,403,852
+      Nine Mths
+      Shr profit 57 cts vs profit 28 cts
+      Net profit 2,869,000 vs profit 1,252,000
+      Sales 119.0 mln vs 67.6 mln
+      Avg shrs 5,054,844 vs 4,403,852
+  
+
diff --git a/reuters/training/176 b/reuters/training/176
new file mode 100644
index 0000000000000000000000000000000000000000..a28273974ede057ddb5c75977388192cc9ba9b56
--- /dev/null
+++ b/reuters/training/176
@@ -0,0 +1,37 @@
+LNG IMPORTS FROM ALGERIA UNLIKELY IN 1987
+  Liquefied natural gas imports from
+  Algeria are unlikely to happen in 1987 even though its
+  economically feasible, U.S. industry analysts sources said.
+      Youcef Yousfi, director-general of Sonatrach, the Algerian
+  state petroleum agency, indicated in a television interview in
+  Algiers that such imports would be made this year.
+      "Contract negotiations, filing with the U.S. government and
+  the time required to restart mothballed terminals will delay
+  the import until 1988/1989," Daniel Tulis, a natural gas
+  analyst with Shearson Lehman Bros. said.
+      Sonatrach is currently negotiating with two of its former
+  customers, Panhandle Eastern <PEL> and Distrigas, a subsidiary
+  of Cabot Corp <CBT> to resume LNG export, company officials
+  told Reuters. A third, El Paso Gas, a subsidiary of Burlington
+  Northern <BNI>, has expressed no interest.
+      Industry analysts said some imports of Algerian LNG were
+  feasible. "On a marginal cost basis, the companies that have
+  made capital investment to handle LNG import can operate
+  profitably even in the current price environment,"  Frank
+  Spadine, an energy economist with Bankers Trust, said.
+     Analysts did not forsee a major impact from Algerian imports
+  on U.S. prices which are currently soft but expected to trend
+  higher by the end of 1987.
+      A decline in gas drilling and the time lag to bring Gulf of
+  Mexico productions onstream will tighten gas supplies and firm
+  prices, Shearson's Tulis said.
+     In this context, Algerian LNG import would be a source of
+  supplemental supply to U.S. domestic production, he added.
+      Company sources currently in talks with Algeria agree,
+  saying that Algerian LNG would only serve to meet peak demand.
+      Company sources also said that any negotiations with
+  Algeria would emphasize looser arrangements which would relate
+  volumes to market requirements and prices to U.S. spot market
+  values.
+  
+
diff --git a/reuters/training/1760 b/reuters/training/1760
new file mode 100644
index 0000000000000000000000000000000000000000..cf30b35eef7411133eeea7be46dd5a4894eefc62
--- /dev/null
+++ b/reuters/training/1760
@@ -0,0 +1,9 @@
+HEALTHVEST <HVT> SELLS SHARES
+  Healthvest, a Maryland real estate
+  investment trust, said it began selling five mln shares of
+  common stock at 21 dlrs a share.
+      The company said it is also selling 543,237 shares to
+  Healthcare International Inc <HII>, giving the company a 9.8
+  pct stake in Healthvest.
+  
+
diff --git a/reuters/training/1761 b/reuters/training/1761
new file mode 100644
index 0000000000000000000000000000000000000000..c9cfea9f5476761c97f163c1d7ffc4a47a573296
--- /dev/null
+++ b/reuters/training/1761
@@ -0,0 +1,10 @@
+CACEX DENIES BRAZIL FCOJ PRICE RISE RUMOURS
+  There has been no rise in the
+  price of Frozen Concentrated Orange Juice, FCOJ, a spokesman
+  for the Banco do Brasil's Foreign Trade Department, Cacex,
+  said.
+      He was responding to rumours in the international market
+  that Brazil had raised its FCOJ prices in range of 1,075 to
+  1,150 dlrs per tonne.
+  
+
diff --git a/reuters/training/1763 b/reuters/training/1763
new file mode 100644
index 0000000000000000000000000000000000000000..2c0b4259550b985cdd215b0779af7ed273172b46
--- /dev/null
+++ b/reuters/training/1763
@@ -0,0 +1,6 @@
+E-SYSTEMS <ESY> SETS QTRLY PAYOUT
+  Qtrly div 12.5 cts vs 12.5 cts prior
+      Pay April 1
+      Record March 13
+  
+
diff --git a/reuters/training/1764 b/reuters/training/1764
new file mode 100644
index 0000000000000000000000000000000000000000..25ae3974d18cd9494114ea308720a2b23aa7789c
--- /dev/null
+++ b/reuters/training/1764
@@ -0,0 +1,13 @@
+PIEDMONT MANAGEMENT CO INC <PMAN> 4TH QTR
+  Shr 70 cts vs 4.91 dlrs
+      Net 3.7 mln vs 26.3 mln
+      Year
+      Shr 1.99 dlrs vs 3.35 dlrs
+      Net 10.7 mln vs 18.0 mln
+      NOTE:1986 year, 4th qtr include capital gains of 3.5 mln
+  dlrs and 1.1 mln dlrs, respectively and extraordinary gain of
+  3.4 mln dlrs and 1.2 mln dlrs respectively. 1985 year and 4th
+  qtr include capital gains of 24.0 mln dlrs and 23.3 mln dlrs
+  respectively and extraordinary gain of 3.9 mln dlrs.
+  
+
diff --git a/reuters/training/1765 b/reuters/training/1765
new file mode 100644
index 0000000000000000000000000000000000000000..ebb6828bb242d2fd66d720d08a04712ad2924712
--- /dev/null
+++ b/reuters/training/1765
@@ -0,0 +1,16 @@
+EASTPARK REALTY TRUST <ERT> 4TH QTR NET
+  Shr 1.52 dlrs vs 17 cts
+      Net 1,306,000 vs 144,000
+      Rev 758,000 vs 670,000
+      Year
+      Shr 2.68 dlrs vs 2.63 dlrs
+      Net 2,313,000 vs 2,285,000
+      Rev 2.8 mln vs 2.7 mln
+      NOTE: Fourth qtr and 1986 had gains on real estate
+  investments of 933,000 dlrs, or 1.08 a share, and 970,000 dlrs,
+  or 1.12 a share, respectively.
+      This compares with a loss of 137,000 dlrs, or 15 cts a
+  share, and again of 1.3 mln dlrs, or 1.45 a share, for the
+  fourth qtr and year respectively in 1985.
+  
+
diff --git a/reuters/training/1767 b/reuters/training/1767
new file mode 100644
index 0000000000000000000000000000000000000000..a0b907725a4f8ee062090def1a8110a3ea3ee687
--- /dev/null
+++ b/reuters/training/1767
@@ -0,0 +1,6 @@
+NL INDUSTRIES INC <NL> SETS QTRLY PAYOUT
+  Qtrly div five cts vs five cts qtr
+      Pay April One
+      Record  March 16
+  
+
diff --git a/reuters/training/1768 b/reuters/training/1768
new file mode 100644
index 0000000000000000000000000000000000000000..363ebaa9e65ba44b2d708d61697c46d0c5487ba8
--- /dev/null
+++ b/reuters/training/1768
@@ -0,0 +1,13 @@
+WTD INDUSTRIES INC <WTDI> 3RD QTR JAN 31 NET
+  Shr profit 13 cts vs loss one ct
+      Net profit 853,000 vs loss 22,000
+      Revs 41.1 mln vs 20.3 mln
+      Avg shrs 6,349,753 vs 4,403,852
+      Nine mths
+      Shr profit 57 cts vs profit 28 cts
+      Net profit 2,869,000 vs profit 1,252,000
+      Revs 119.0 mln vs 67.6 mln
+      Avg shrs 5,054,844 vs 4,403,000
+      Note: Company went public in October 1986.
+  
+
diff --git a/reuters/training/1769 b/reuters/training/1769
new file mode 100644
index 0000000000000000000000000000000000000000..60f511e9bfbe856c98c5a5c378ded67ff8ffc944
--- /dev/null
+++ b/reuters/training/1769
@@ -0,0 +1,6 @@
+ALASKA AIR GROUP INC <ALK> QTLY DIVIDEND
+  Shr four cts vs four cts prior qtr
+      Pay May five
+      Record April 15
+  
+
diff --git a/reuters/training/1771 b/reuters/training/1771
new file mode 100644
index 0000000000000000000000000000000000000000..1ae472477fd19c5095cab050ad0dacfc90eba3cc
--- /dev/null
+++ b/reuters/training/1771
@@ -0,0 +1,25 @@
+USAIR <U> HAS NO COMMENT ON TWA <TWA> OFFER
+  USAir Group Inc said it had no comment
+  on an offer it received from Trans World Airlines to buy USAir
+  for 52 dlrs cash per share.
+      USAir spokesman David Shipley also declined comment on
+  Piedmont Aviation Inc <PIE>. USAir has offered 71 dlrs cash per
+  share for half of Piedmont's stock, and 73 dlrs in its own
+  stock for the balance.
+      Piedmont also received an offer from Norfolk Southern Corp
+  <NSC> of 65 dlrs cash per share. Piedmont's board was meeting
+  today, but the company declined to say what was on the agenda.
+  A spokesman said he could not comment on the twa action.
+      A Norfolk Southern Corp <NSC> spokesman said the company
+  had no comment on TWA's offer for USAir or on its proposal to
+  negotiate a three-way merger between TWA, USAir and Piedmont.
+      "We don't have all the details," a Norfolk Southern
+  spokesman said. The company's 65 dlr-a-share cash offer for
+  Piedmont stands, he said.
+      In its offer, TWA said as an alternative to a merger with
+  USAir, it would be interested in discussing a three-way
+  combination among USAir, Piedmont and TWA. It said the
+  three-way merger would serve the best interests of the
+  shareholders of all three companies, employees and consumers.
+  
+
diff --git a/reuters/training/1772 b/reuters/training/1772
new file mode 100644
index 0000000000000000000000000000000000000000..8db1c9480cb01dda4653058eddaef3f576c84b03
--- /dev/null
+++ b/reuters/training/1772
@@ -0,0 +1,26 @@
+MORE PRESSURE URGED FOR ASIA TO TAKE U.S. BEEF
+  Congressmen from beef producing
+  states and representatives of the U.S. livestock industry 
+  urged the Reagan administration to press Japan and South Korea
+  to open up their markets to imports of beef.
+      Testifying at a House subcommittee hearing on livestock
+  issues, Rep. Hal Daub (R-Nebr.), said the administration should
+  push hard for greater beef imports by Japan and South Korea.
+  Daub was joined by several other lawmakers.
+      U.S. assistant trade representative Suzanne Earley, replied
+  "we're not going to let Japan off the hook, or Korea." She
+  noted trade representative Clayton Yeutter met with a senior
+  Korean official last week on the beef issue, and that Yeutter
+  and Agriculture Secretary Richard Lyng will visit Tokyo in
+  April for discussions on farm trade issues.
+      Japan maintains a quota on beef imports, set at 58,400
+  tonnes high quality beef in fiscal 1987. South Korea has banned
+  beef imports but there are indications Seoul may bow to U.S.
+  pressure and allow some imports soon, industry officials said.
+      In testimony today, Tom Cook, director of industry affairs
+  for the National Cattlemens Association said "the Congress,
+  administration and the industry must take a strong, tough and
+  united stand to impress the Japanese that we mean business and
+  that we expect them to open their markets."
+  
+
diff --git a/reuters/training/1773 b/reuters/training/1773
new file mode 100644
index 0000000000000000000000000000000000000000..8a3187953b8e4a618a1d8bea49aa1eec7ec1d57a
--- /dev/null
+++ b/reuters/training/1773
@@ -0,0 +1,14 @@
+SOUTH AFRICAN FOREIGN RESERVES UP SHARPLY IN FEB
+  South Africa's total gold and
+  foreign assets rose by 700 mln rand in February to 6.2 billion
+  rand after rising by almost one billion rand in January,
+  Reserve Bank Governor Gerhard de Kock said.
+      De Kock, interviewed on state-run television, gave no
+  breakdown of the reserves.
+      He also said that to curb inflation, salary increases would
+  have to be below the inflation rate. The state must set an
+  example by keeping wage increases below the inflation rate, he
+  said.
+      Consumer prices rose by 16.1 pct in the year to January.
+  
+
diff --git a/reuters/training/1777 b/reuters/training/1777
new file mode 100644
index 0000000000000000000000000000000000000000..48d03f61c46fe30a59ad659d99afb0123ebd75ac
--- /dev/null
+++ b/reuters/training/1777
@@ -0,0 +1,39 @@
+MORE SOVIET GRAIN BUYING FROM U.S. TIED TO PRICE
+  Whether the Soviet Union will fulfill
+  its buying obligations under the U.S./USSR grains agreement
+  depends entirely on the United States, a Soviet trade official
+  told Reuters.
+      "How can I tell that we are ready to fulfill the agreement
+  if the United States does not want to offer us grain at
+  competitive prices?" said Albert Melnikov, deputy trade
+  representative of the Soviet Union to the United States.
+      "We are in the market for grains, but it is up to the
+  United States to be the seller ... to offer Soviets competitive
+  prices," he said in an interview.
+      Melnikov said that the United States has not lived up the
+  agreement by failing to make available to Moscow U.S. grain at
+  prevailing market prices.
+      "We are being accused of not implementing this agreement.
+  We do not consider we are at fault," Melnikov said.
+      Article I in the agreement states that "purchases/sales of
+  commodities under this Agreement will be made at the market
+  price prevailing for these products at the time of
+  purchase/sale and in accordance with normal commercial terms."
+      "The United States should supply to the Soviet Union
+  definite quantities of grain at competitive prices ... Is the
+  United States ready to supply this?" he said.
+      The Soviet official said that near-term corn demand has
+  been met by the recent Soviet purchases of U.S. corn, which he
+  confirmed at 1.5 mln tonnes, but said that if U.S. corn prices
+  remain competitive, the Soviets will buy more if they need it.
+      Wheat buying, however, is a different story, Melnikov said.
+      "If the United States is interested in selling its wheat,
+  then they must offer competitive prices, and it's up to the
+  United States to decide how these competitive prices will be
+  offered," he said.
+      Last year's U.S. offer of subsidized wheat to the Soviets
+  was rejected because of an insufficient subsidy, Melnikov said.
+  He said that at the time of the 13 dlr per tonne subsidy offer,
+  U.S. wheat prices were 26 dlrs over world levels.
+  
+
diff --git a/reuters/training/1783 b/reuters/training/1783
new file mode 100644
index 0000000000000000000000000000000000000000..67283d3a48412106a3cc15e86b391533835bb8d7
--- /dev/null
+++ b/reuters/training/1783
@@ -0,0 +1,6 @@
+LEASEWAY TRANSPORTATION CORP <LTC> QTLY DIV
+  Qtly div 37.5 cts vs 37.5 cts prior
+      Pay April eight
+      Record March 16
+  
+
diff --git a/reuters/training/1785 b/reuters/training/1785
new file mode 100644
index 0000000000000000000000000000000000000000..60d54eb0430258281b8caf4f8a0ab5c34c34c32a
--- /dev/null
+++ b/reuters/training/1785
@@ -0,0 +1,11 @@
+PERU SUGAR HARVEST SEEN LOWER -- USDA
+  Sugar production in Peru for the
+  1986/87 season has been revised to 593,000 tonnes (raw value),
+  down 10 pct from the previous forecast and 21 pct below the
+  1985/86 harvest, the U.S. Agriculture Department said in its
+  World Production and Trade Report.
+      It said while rains in the northern mountain region are
+  improving the supply of irrigation water, the major benefits
+  will not occur until the 1987/88 season.
+  
+
diff --git a/reuters/training/1787 b/reuters/training/1787
new file mode 100644
index 0000000000000000000000000000000000000000..3fa54770afac42fe40da7624dc8e4a951859beef
--- /dev/null
+++ b/reuters/training/1787
@@ -0,0 +1,20 @@
+ITEL <ITEL> GETS FINANCING FOR ANIXTER BUY
+  Itel Corp said it obtained commitments
+  from a syndicate of banks for a six-year secured loan of about
+  325 mln dlrs and had separately filed registration statements
+  for two public offerings for a total of 150 mln dlrs to fund
+  its December 1986 acquisition of <Anixter Bros Inc>.
+      It said one of the offerings will be a new 75 mln dlrs
+  issue of convertible exchangeable series C preferred and the
+  other will be a 75 mln dlr issue of seven-year senior
+  subordinated notes. Both offerings will be through Merrill
+  Lynch Capital Markets.
+      It said a portion of the proceeds from the offerings,
+  together with the proceeds form the new bank loan, wll be used
+  to repay the 395 mln dlr bridge loan Merrill Lynch and Co Inc
+  <MER> provided for Itel to buy Anixter.
+      Itel said the banks it obtained commitments from include
+  Manufacturers Hanover Trust Co <MHC>, <Chemical Bank of New
+  <York>, and the <First National Bank of Chicago>.
+  
+
diff --git a/reuters/training/1789 b/reuters/training/1789
new file mode 100644
index 0000000000000000000000000000000000000000..5a20ad0b25a21822cbb2d3230c064373fde9e9bf
--- /dev/null
+++ b/reuters/training/1789
@@ -0,0 +1,22 @@
+GREAT AMERICAN <GTA> GAINS OVER 80 MLN IN LOANS
+  Great American First Savings Bank said
+  the bank recorded gains exceeding 80 mln dlrs on sales of loans
+  and mortgage securities valued at 1.1 billion dlrs.
+      The San Diego-based bank said in a prepared release of its
+  report to analysts here that the gains included 6.6 mln dlrs in
+  arbitrage profits from the premium paid for the separation of
+  interest and principal components of new Federal National
+  Mortgage Association strip securities.
+      The bank said it reported a profit of more than 20 mln dlrs
+  on the transaction, involving 390 mln dlrs of FNMA securities,
+  including the arbitrage gain.
+      Great American recently announced plans to acquire <Capital
+  Savings Bank>, Olympia, Wash., and last year acquired <Home
+  Federal Savings and Loan Association>, Tucson, Ariz., and <Los
+  Angeles Federal Savings Bank>, which resulted in 66 new offices
+  and three billion dlrs in assets.
+      The bank also said it plans to expand into other major
+  western banking markets and is considering an acquisition in
+  Colorado.
+  
+
diff --git a/reuters/training/179 b/reuters/training/179
new file mode 100644
index 0000000000000000000000000000000000000000..cef5a35c82a697bef00bc675d945946d1514480e
--- /dev/null
+++ b/reuters/training/179
@@ -0,0 +1,59 @@
+SWISS ECONOMY IN EXCELLENT CONDITION, OECD SAYS
+  Switzerland's economy, combining low
+  unemployment, financial stability and a large external payments
+  surplus, is in excellent condition and faces a satisfactory
+  future, the Organisation for Economic Cooperation and
+  Development, OECD, said.
+      This reflected the success of stable and relatively tight
+  fiscal and monetary policies followed by the government, it
+  said.
+      The OECD, in its annual report on Switzerland, picked out
+  some signs of a slowdown in activity and a slight pick-up in
+  inflation this year, but said these gave no cause for concern.
+      The study forecast a decline in Gross Domestic Product
+  growth to 1.75 pct this year from an estimated two pct in 1986
+  and a small rise in consumer price inflation to 1.25 pct after
+  last year's sharp fall to 0.75 pct from 3.6 pct in 1985.
+      But it said job creation should continue to absorb a modest
+  increase in the workforce, leaving the unemployment rate
+  unchanged at around one pct, the lowest in the 24-industrial
+  nation OECD area.
+      Assuming an average exchange rate of 1.71 Swiss francs to
+  the dollar this year, against 1.69 in the second half of 1986,
+  the report forecast a 2.75 pct rise in exports and a 3.5 pct
+  rise in imports this year after rises of 3.25 pct and 6.5 pct
+  respectively in 1986.
+      The faster growth of imports compared with exports this
+  year and last, reflecting buoyant private consumption, meant
+  that the contribution of the foreign payments balance to GDP
+  would shrink in both years.
+      But "given Switzerland's large external surplus, there
+  should be no concern if domestic demand grows faster than
+  GDP...Which, if only in a small way, would contribute to
+  improving international balances," the OECD said.
+      Real private consumption appeared to have been unusually
+  buoyant last year, with a 3.25 pct growth rate, after several
+  years of relative weakness, it noted.
+      In 1987 private consumption was expected to slow somewhat
+  to a 2.25 pct growth rate, but should still outstrip overall
+  GDP, it added.
+      The outlook for investment in plant and machinery remained
+  bright into 1987, and with capacity use at near record levels
+  last year there was scope for rationalisation and modernisation
+  in both the industry and service sectors, it said.
+      As a consequence, growth in machinery and equipment
+  investment is likely to decelerate only slightly this year
+  after vigorous growth in 1986.
+      But the report raised a questionmark over the prospects for
+  tourism and the banking industry, two major service sector
+  earners of foreign exchange.
+      The long-term appreciation of the Swiss Franc, and the
+  accelerating deregulation of foreign banking markets, could
+  lead to a loss of international market share for both, it said.
+      Particularly for the banks, "recent developments in
+  international financial markets give rise to the question
+  whether the Swiss financial system, which has shown substantial
+  flexibility in the past, is adapting itself at the speed
+  required ... To preserve its competitive position," it said.
+  
+
diff --git a/reuters/training/1790 b/reuters/training/1790
new file mode 100644
index 0000000000000000000000000000000000000000..af944db28e02800e64a70eb09f75d57fb38c757d
--- /dev/null
+++ b/reuters/training/1790
@@ -0,0 +1,10 @@
+TANDY BRANDS <TAB> SELLS UNIT
+  Tandy Brands Inc said it sold
+  its Grate Home and Fireplace division to an investor group that
+  includes some members of Grate's management for 1,600,000 dlrs
+  in cash and secured notes.
+      The company said the sale will not materially offset the
+  9,848,000 dlr non-recurring charge it took against the sale of
+  the division.
+  
+
diff --git a/reuters/training/1792 b/reuters/training/1792
new file mode 100644
index 0000000000000000000000000000000000000000..dbf3f74fac3384424b31ea1471103af539829550
--- /dev/null
+++ b/reuters/training/1792
@@ -0,0 +1,26 @@
+AMERICAN FARM BUREAU OPPOSES FARM BILL CHANGES
+  The directors of the American Farm
+  Bureau, the nation's largest farm organization, voted Tuesday
+  to urge Congress to leave the 1985 farm bill in place without
+  alterations.
+      "We are solidly opposed to opening up the 1985 farm bill,"
+  said Dean Kleckner, president. "The current farm bill has been
+  in place for just a little over a year and in our judgment
+  there is more to be gained at the present time from maintaining
+  the legislation.
+      "Several independent studies ... indicate the 1985 farm
+  bill is better on balance than any of the alternatives being
+  advanced," Kleckner said.
+      The Farm Bureau also urged Agriculture Secretary Richard
+  Lyng to adjust the loan rate for 1987 crop soybeans as much as
+  he deems possible under the farm bill to keep soybeans
+  competitive in the world market.
+      A Farm Bureau proposal suggests that producers should be
+  eligible for supplemental payments in the form of PIK
+  certificates for the difference between 5.02 dlrs a bushel and
+  the new loan rate.
+      The organization also urged Lyng to authorize deficiency
+  payments to farmers who were unable to plant 1987 winter wheat
+  because of adverse weather.
+  
+
diff --git a/reuters/training/1794 b/reuters/training/1794
new file mode 100644
index 0000000000000000000000000000000000000000..20ffc34895ffbe2ee7d693a4f0477908ec92f954
--- /dev/null
+++ b/reuters/training/1794
@@ -0,0 +1,6 @@
+BROWING-FERRIS <BFI> DECLARES 2-FOR-1 SPLIT
+  Browning-Ferris Industires Inc said its
+  board declared a two-for-one stock split payable April 24 to
+  holders of record March 31.
+  
+
diff --git a/reuters/training/1797 b/reuters/training/1797
new file mode 100644
index 0000000000000000000000000000000000000000..b119db9263fe5fe61d03b3069891d44660ef9c66
--- /dev/null
+++ b/reuters/training/1797
@@ -0,0 +1,6 @@
+PENNWALT CORP <PSM> QTLY DIVIDEND
+  Qtly div 55 cts vs 55 cts prior
+      Payable May one
+      Record April three
+  
+
diff --git a/reuters/training/1798 b/reuters/training/1798
new file mode 100644
index 0000000000000000000000000000000000000000..635557a946347d99eecb7e5273f65a13a4f2eded
--- /dev/null
+++ b/reuters/training/1798
@@ -0,0 +1,16 @@
+BANNER INDUSTRIES INC <BNR> COMPLETES PURCHASE
+  Banner Industries Inc said it completed
+  the purchase of all Rexnord Inc <REX> common shares for its
+  26.25 dlrs per share cash tender offer that ended Feb
+  27, 1987.
+      The purchase follows Banner receiving earlier today 310 mln
+  dlrs under a credit agreement with Citicorp Industries Credit
+  Inc and the Bank of Nova Scotia, and an additional 260 mln dlrs
+  from offerings made for Banner and its subsidiary through
+  Drexel Burnham and Lambert.
+      As a result of the tender offer, Banner said it will own
+  approximately 96 pct of the outstanding shares of Rexnord. The
+  company said a merger of Rexnord and a subsidiary of Banner
+  will be completed before mid-May.
+  
+
diff --git a/reuters/training/1799 b/reuters/training/1799
new file mode 100644
index 0000000000000000000000000000000000000000..99dc5469e0548c83f405608e392771c79a48a0b0
--- /dev/null
+++ b/reuters/training/1799
@@ -0,0 +1,5 @@
+MURPHY RAISES CRUDE OIL POSTED PRICES ONE DLR/BBL. WTI TO 17.00 DLRS TODAY
+
+  MURPHY RAISES CRUDE OIL POSTED PRICES ONE DLR/BBL. WTI TO 17.00 DLRS TODAY
+  
+
diff --git a/reuters/training/18 b/reuters/training/18
new file mode 100644
index 0000000000000000000000000000000000000000..e70d42e9e63c7287b3d51a8014b82f1e0d57bd7c
--- /dev/null
+++ b/reuters/training/18
@@ -0,0 +1,31 @@
+DEAN FOODS <DF> SEES STRONG 4TH QTR EARNINGS
+  Dean Foods Co expects earnings for the
+  fourth quarter ending May 30 to exceed those of the same
+  year-ago period, Chairman Kenneth Douglas told analysts.
+      In the fiscal 1986 fourth quarter the food processor
+  reported earnings of 40 cts a share.
+      Douglas also said the year's sales should exceed 1.4
+  billion dlrs, up from 1.27 billion dlrs the prior year.
+      He repeated an earlier projection that third-quarter
+  earnings "will probably be off slightly" from last year's 40
+  cts a share, falling in the range of 34 cts to 36 cts a share.
+      Douglas said it was too early to project whether the
+  anticipated fourth quarter performance would be "enough for us
+  to exceed the prior year's overall earnings" of 1.53 dlrs a
+  share.
+      In 1988, Douglas said Dean should experience "a 20 pct
+  improvement in our bottom line from effects of the tax reform
+  act alone."
+      President Howard Dean said in fiscal 1988 the company will
+  derive  benefits of various dairy and frozen vegetable
+  acquisitions from Ryan Milk to the Larsen Co.
+      Dean also said the company will benefit from its
+  acquisition in late December of Elgin Blenders Inc, West
+  Chicago.
+      He said the company is a major shareholder of E.B.I. Foods
+  Ltd, a United Kingdom blender, and has licensing arrangements
+  in Australia, Canada, Brazil and Japan.
+      "It provides ann entry to McDonalds Corp <MCD> we've been
+  after for years," Douglas told analysts.
+  
+
diff --git a/reuters/training/180 b/reuters/training/180
new file mode 100644
index 0000000000000000000000000000000000000000..3447f93290eeb57300dd61129b4b9f174cfdb5a8
--- /dev/null
+++ b/reuters/training/180
@@ -0,0 +1,51 @@
+U.S. WHEAT BONUS TO SOVIET CALLED DORMANT
+  The U.S. Agriculture Department is not
+  actively considering offering subsidized wheat to the Soviet
+  Union under the export enhancement program (EEP), senior USDA
+  officials said.
+      However, grain trade analysts said the proposal has not
+  been ruled out and that an offer might be made, though not in
+  the very near future.
+      "The grain companies are trying to get this fired up again,"
+  an aide to Agriculture Secretary Richard Lyng said. "But there
+  just isn't much talk about it, informally or formally."
+      Most analysts interviewed by Reuters were more confident
+  than USDA officials that bonus wheat would be offered to the
+  Soviets, even though U.S. officials did not make such an offer
+  when they held grain talks with Soviet counterparts earlier
+  this week.
+      But administration and private sources agreed that if the
+  Reagan administration did decide to offer subsidized wheat to
+  Moscow, it could take several months.
+      "I just don't see any proposal like that sailing through any
+  interagency process," the aide to Lyng said.
+      "An export enhancement offer is not consummated overnight,"
+  said one former USDA official, who noted that the
+  administration took three months to decide in favor of selling
+  China wheat under the subsidy program.
+      An official representing a large grain trade company said
+  deliberations within USDA might be nudged along by members of
+  Congress, a number of whom urged USDA this week to make a wheat
+  subsidy offer to the Soviets.
+      But Lyng's aide said that during a day-long visit to
+  Capitol Hill yesterday, House members did not press the
+  secretary on the subsidy question a single time.
+      The administration's interagency trade policy review group,
+  comprised of subcabinet-level officials, has not been asked to
+  clear a request to offer Moscow wheat under the EEP, officials
+  at the U.S. Trade Representative's Office said.
+      In their talks this week, the two sides discussed the
+  administration's previous EEP offer but did not talk about any
+  new initiative. One USDA official who took part in the
+  consultations this week described them as an exchange of "calm,
+  basic, factual economics."
+      Another USDA official said there was "not even an informal
+  suggestion or hint" that the Soviets would live up to their
+  pledge to buy four mln tonnes of wheat this year if they were
+  granted more favorable terms.
+      USDA and private sources agreed that consideration of an
+  EEP initiative by interagency review groups likely would be
+  delayed because of disarray within the White House stemming
+  from the Iran arms affair.
+  
+
diff --git a/reuters/training/1801 b/reuters/training/1801
new file mode 100644
index 0000000000000000000000000000000000000000..ef392ba179d44fa63337d57b5bb387b660ea12af
--- /dev/null
+++ b/reuters/training/1801
@@ -0,0 +1,10 @@
+PHOENIX STEEL RECEIVES OFFER FOR CLAYMONT MILL
+  <Phoenix Steel Corp> said a group
+  of investors offered to buy its Clayton steel plate mill for
+  eight mln dlrs and the assumption of a bond obligation.
+     Phoenix did not disclose the indentity of the investors.
+      Phoenix was forced to close the Clayton mill last month.
+      The company said the offer represents a major step in
+  restructuring the company.
+  
+
diff --git a/reuters/training/1803 b/reuters/training/1803
new file mode 100644
index 0000000000000000000000000000000000000000..8248f2597ff9eaf46fff694198bc3e09b91a3c01
--- /dev/null
+++ b/reuters/training/1803
@@ -0,0 +1,13 @@
+KEANE INC <KEAN> 4TH QTR
+  Shr 17 cts vs 15 cts
+      Net 229,000 vs 201,000
+      revs 10.5 mln vs 9.9 mln
+      Year
+      Shr 21 cts vs 55 cts
+      Net 283,000 vs 766,000
+      Revs 40.4 mn vs 39.7 mln
+      NOTE:1985 shares adjusted to reflect the distribution of
+  one share of Class B common stock for every two shares of
+  common stock held of record as of July 1, 1986.
+  
+
diff --git a/reuters/training/1808 b/reuters/training/1808
new file mode 100644
index 0000000000000000000000000000000000000000..ac49e100ec9cfb22fb46cd7ae8d5e9d17281a1e2
--- /dev/null
+++ b/reuters/training/1808
@@ -0,0 +1,44 @@
+VIACOM <VIA> MERGER EXPECTED IN 60 TO 90 DAYS
+  Sumner Redstone, president of National
+  Amusements, Inc, predicted he can win regulatory approvals to
+  wrap up the 3.4 billion dlr acquisition of Viacom International
+  Inc in 60 to 90 days.
+      Redstone, 63, catapulted himself into the big leagues of
+  entertainment early today when a group of Viacom managers and
+  their financial backers decided not to top National's bid.
+      "We've had counsel working for some time in every region
+  where Viacom has cable televison systems" Redstone told Reuters
+  in a telephone interview.
+      Redstone also said "Viacom is committed to working very
+  closely with us to obtain approvals." Viacom has been seeking
+  approvals for transfer of its broadcast licenses and cable
+  systems since September when its management group first
+  advanced a buyout plan.
+      But Redstone turned the situation into a spirited bidding
+  contest which was capped by the announcement this morning that
+  Viacom's independent directors on behalf of Viacom entered into
+  a defintive merger agreement with National.
+      National is a family business which operates a chain of
+  movie theaters. It is dwarfed by Viacom.
+      Redstone said he was weary after talks dragged on through
+  the night but also excited at the prospect of running a leading
+  electronic media company. He noted that the number of motion
+  picture admissions in the U.S. has shown no growth in 15 years.
+      Of nine satellite television channels operated by Viacom,
+  four are motion-picture oriented pay channels. Redstone said
+  exclusive contracts with pay television networks are the
+  emerging trend. "Up until recently you could see any motion
+  picture on any pay channel," Redstone said.
+      He noted Viacom has exclusive agreements with two studios
+  and plans to sign a deal with a third company next month.
+      Redstone said the management group's investment bankers
+  will be paid what is due for termination of its merger
+  agreement. Such fees could total about 30 mln dlrs. "That will
+  be a company expense," Redstone said.
+      He said BankAmerica <BAC> Corp has had numerous inquiries
+  from lenders who want to participate in a 2.25 billion dlr
+  financing for the deal. BankAmerica will provide 592 mln dlrs.
+      After the merger, Viacom will be a subsidiary of National
+  but 17 pct of the company will be in public hands.
+  
+
diff --git a/reuters/training/1809 b/reuters/training/1809
new file mode 100644
index 0000000000000000000000000000000000000000..39221a9c9ed723b7e0f69edf7f78884b899ee934
--- /dev/null
+++ b/reuters/training/1809
@@ -0,0 +1,53 @@
+BRITISH AIDE CRITICIZES U.S.PROTECTIONISM
+  A senior British official said that
+  protectionist bills being considered by Congress could trigger
+  retaliation by the European Community (EEC) and threaten the
+  global trading system.
+      Paul Channon, secretary for trade and industry, said if
+  Congress passed legislation to curb textile imports, which
+  would hit EC shipments as well as shipments from major Asian
+  textile producers, "the community would have to retaliate."
+      His comments echoed those made yesterday by Belgian Trade
+  Minister Herman De Croo, who said if the bill passed, the
+  community would retaliate by imposing taxes on U.S. exports.
+      Channon made his remarks at a news conference after two
+  days of talks with Reagan Administration officials and members
+  of Congress.
+      De Croo was also in Washington for trade talks.
+      Channon said there was a greater protectionism sentiment in
+  Congress since his visit here last year as Congress and the
+  Administration tried to find ways to reduce the U.S. trade
+  deficit, which last year hit a record 169.8 billion dlrs.
+      Channon also called for greater EC-U.S. cooperation to
+  force Japan to open its markets to foreign goods.
+      Channon said Japan's trade surplus is causing everyone
+  problems - its surplus with the United States last year was
+  51.5 billion dlrs and with EC nations, 16.7 billion dlrs.
+      "The more united pressure there could be, the better," he
+  said.
+      Channon also called for increased U.S.-EC cooperation to
+  avoid trade disputes.
+      He said the two sides narrowly avoided a confrontation
+  earlier this year over lost grains sales when Spain and
+  Portugal joined the community and its liberal imports
+  regulations were tightened to conform to EC standards.
+      "But if both sides drew back from the brink that time," he
+  said, ""it does not mean that they would do so on another
+  occasion."
+      Channon added that "There is increasing reesentment in
+  Europe over the U.S. tactic of negotiating under the pressure
+  of unilaterally imposed deadlines."
+      He said other potential conflicts are already in sight -
+  alleged European government subsidies of Airbus aircraft and
+  taxes on fats and oils - and "the commuity and the United States
+  must therefore learn to manage their relations better."
+      He said another bill to let the United States retaliate
+  against a nation if that nation's market was not open to U.S.
+  goods would bypass the trade pact GATT (General Agreeeement on
+  Tariffs and Trade) as an arbiter of trade practices.
+      He said foreign trade law should be judged by GATT and not
+  by the United States, adding "if the (trade) law is to be
+  interpreted by the United States and not by the GATT, what is
+  to happen to the rest of us?"
+  
+
diff --git a/reuters/training/1811 b/reuters/training/1811
new file mode 100644
index 0000000000000000000000000000000000000000..5d6efea2584e6a5f1353bff4d7f23173c74eb350
--- /dev/null
+++ b/reuters/training/1811
@@ -0,0 +1,14 @@
+YEUTTER SEEKS STRONGER TAIWAN, S.KOREA CURRENCIES
+  U.S. Trade Representative Clayton
+  Yeutter said he hoped the U.S. dollar would continue to decline
+  in relation to the currencies of Taiwan and South Korea as a
+  way to improve the U.S. trade picture.
+      Testifying before the House Appropriations subcommittee
+  which must approve his agency's 1988 budget, he said, "In my
+  judgment economic factors justify a continued decline."
+      Asked by a committee member if he expected a further
+  decline, and how much, Yeutter said the Taiwan and South Korean
+  currencies should be adjusted to reflect "positive factors" in
+  their economies.
+  
+
diff --git a/reuters/training/1814 b/reuters/training/1814
new file mode 100644
index 0000000000000000000000000000000000000000..400ea1fc0be8de2d742949e123d800d4bb774e65
--- /dev/null
+++ b/reuters/training/1814
@@ -0,0 +1,6 @@
+NL INDUSTRIES INC <NL> SET REGULAR PAYOUT
+  Qtly div five cts vs five cts prior
+      Pay March 31
+      Record March 16
+  
+
diff --git a/reuters/training/1815 b/reuters/training/1815
new file mode 100644
index 0000000000000000000000000000000000000000..3dca8de35b398353b7cd48b08117ed9664f9bdf3
--- /dev/null
+++ b/reuters/training/1815
@@ -0,0 +1,16 @@
+CHINA SUGAR OUTPUT SEEN LOWER -- USDA
+  China's 1986/87 sugar crop has been
+  revised to 5.26 mln tonnes (raw value), down four pct from the
+  previous forecast and five pct below the previous season, the
+  U.S. Agriculture Department said.
+      In its World Production and Trade Report, the department
+  attributed the decline to relatively poor profitability of
+  sugar, causing harvested area of cane and beets to decline
+  seven pct from 1985/86.
+      Beet sugar production for 1986/87 is now estimated at
+  837,000 tonnes, five pct less than earlier forecast and down
+  five pct from the previous season, while cane output is
+  projected at 4.423 mln tonnes, down four pct from previously
+  forecast and five pct below the previous season, it said.
+  
+
diff --git a/reuters/training/1816 b/reuters/training/1816
new file mode 100644
index 0000000000000000000000000000000000000000..ee3cff76b906e043203d671c5f673e03db2a513e
--- /dev/null
+++ b/reuters/training/1816
@@ -0,0 +1,14 @@
+GENERAL HOST <GH> SEES YEAR LOSS
+  General Host Corp said it will
+  report a loss from continuing operations and a sharp decline in
+  net income for the year ended January 25, 1987, due to
+  substantial operating losses in its Frank's Nursery and Crafts
+  unit. For the year ended January 25, 1986, General reported net
+  income of 29.7 mln dlrs.
+      The company said it discovered problems in its unit's
+  computerized accounts payable system. It said results of its
+  other nursery and craft unit, Flower Time Inc, are not
+  affected. It said its accountants are investigating the
+  problem, which will delay release of its full-year results.
+  
+
diff --git a/reuters/training/1820 b/reuters/training/1820
new file mode 100644
index 0000000000000000000000000000000000000000..5b8740ab8a4be991766e202ef68fcdf1ee41010f
--- /dev/null
+++ b/reuters/training/1820
@@ -0,0 +1,6 @@
+MEDTRONIC INC <MDT> SETS PAYOUT
+  Qtly dividend 22 cts vs 22 cts
+      Pay April 30
+      Record April 10
+  
+
diff --git a/reuters/training/1824 b/reuters/training/1824
new file mode 100644
index 0000000000000000000000000000000000000000..08ce5d363b353c014a7d914b7e23a608b18646e0
--- /dev/null
+++ b/reuters/training/1824
@@ -0,0 +1,6 @@
+LOUISVILLE GAS AND ELECTRIC CO <LOU> DIVIDEND
+  Qtly dividend 65 cts vs 65 cts
+      Pay April 15
+      Record March 31
+  
+
diff --git a/reuters/training/183 b/reuters/training/183
new file mode 100644
index 0000000000000000000000000000000000000000..cd88f19d53d56d6bfa283483fb0cac85b6375635
--- /dev/null
+++ b/reuters/training/183
@@ -0,0 +1,10 @@
+ALATENN RESOURCES INC <ATNG> 4TH QTR NET
+  Shr 75 cts vs 52 cts
+      Net 1,699,124 vs 1,177,786
+      Revs 45.6 mln vs 31.6 mln
+      12 mths
+      Shr 2.22 dlrs vs 2.20 dlrs
+      Net 5,057,292 vs 4,961,085
+      Revs 130.2 mln vs 126.7 mln
+  
+
diff --git a/reuters/training/1832 b/reuters/training/1832
new file mode 100644
index 0000000000000000000000000000000000000000..285fc3f343978789bb87fee988e2425d85aec367
--- /dev/null
+++ b/reuters/training/1832
@@ -0,0 +1,12 @@
+KAISER ALUMINUM <KLU> RAISES PRODUCT PRICES
+  Kaiser Aluminum and Chemical
+  Corp said it is increasing prices for a broad range of common
+  alloy coil, flat sheet and plate products.
+      The company said prices to distributors and direct
+  customers on shipments of new orders placed March 4 and after
+  will be increased by four to eight cts per lb.
+      Kaiser said the increases are due to increased demand and
+  the need to set prices relative to the cost of primary
+  aluminum.
+  
+
diff --git a/reuters/training/1835 b/reuters/training/1835
new file mode 100644
index 0000000000000000000000000000000000000000..1d063e39b79c823c31064452d6e14203586a8a30
--- /dev/null
+++ b/reuters/training/1835
@@ -0,0 +1,13 @@
+ROBERTSON UPS CAPITAL WIRE<CWCC> STAKE TO 12 PCT
+  New York investor Julian Robertson
+  and several investment partnerships he controls said they
+  raised their stake in Capital Wire and Cable Corp to 481,800
+  shares, or 12.2 pct of the total, from 430,200, or 10.9 pct.
+      In a filing with the Securities and Exchange Commission
+  Robertson and his Tiger, Jaguar, Puma and Tiger Management Co
+  entities said they bought 51,600 Capital Wire common shares
+  between Feb 3 and 17 at 13.25 dlrs a share.
+      Robertson said his group has spent a total of 5.9 mln dlrs
+  on its investment in the company so far.
+  
+
diff --git a/reuters/training/1836 b/reuters/training/1836
new file mode 100644
index 0000000000000000000000000000000000000000..72e01be35e6b6ac504bd414109ca82eb887aa7fa
--- /dev/null
+++ b/reuters/training/1836
@@ -0,0 +1,84 @@
+TWA <TWA> TANGLES PIEDMONT <PIE> SITUATION
+  Trans World Airlines Inc complicated
+  the bidding for Piedmont Aviation Inc by offering either to buy
+  Piedmont suitor USAir Group or, alternatively, to merge with
+  Piedmont and USAir.
+      Piedmont's board was meeting today, and Wall Street
+  speculated the board was discussing opposing bids from Norfolk
+  Southern Corp and USAir. The TWA offer was announced shortly
+  after the Piedmont board meeting was scheduled to begin.
+      TWA offered to buy USAir for 52 dlrs cash per share. It
+  also said it was the largest shareholder of USAir and
+  threatened to go directly to USAir shareholders with an offer
+  for 51 pct of the stock at a lower price.
+      TWA also said it believed its offer was a better deal for
+  USAir shareholders than an acquisition of Piedmont, but it said
+  it alternatively would discuss a three-way combination of the
+  airlines.
+      Market sources and analysts speculated that TWA chairman
+  Carl Icahn made the offer in order to put his own airline into
+  the takeover arena.
+      "We're just wondering if he's not just trying to get TWA
+  into play. There's speculation on the street he just wants to
+  move onto somthing else," said one arbitrager. "We think TWA
+  might just be putting up a trial balloon."
+      Analysts said the offer must be taken seriously by USAir,
+  but that the airline will probably reject it because the price
+  is relatively low compared to other airline deals.
+      They also said Icahn must prove his offer credible by
+  revealing financing arrangements. "They need to show their
+  commitment and their ability to finance. I think it's a
+  credible offer," said Timothy Pettee, a Bear Stearns analyst.
+      "I think it's certainly on the low end of relative values
+  of airline deals," said Pettee. Pettee estimated 58 dlrs would
+  be in a more reasonable range based on other airline mergers.
+      USAir stock soared after TWA made public its offer. A
+  spokesman for USAir declined comment, and said USAir had not
+  changed its offer for Piedmont. USAir offered of buy 50 pct of
+  that airline's stock for 71 dlrs cash per share and the balance
+  for 73 dlrs per share in USAir stock.
+      USAir closed up 5-3/8 at 49-1/8 on volume of 1.9 mln
+  shares.
+      Piedmont, which slipped 1/2 to close at 69-5/8, also
+  remained silent on the TWA action. Piedmont has an outstanding
+  65 dlr cash per share offer from Norfolk Southern Corp.
+      Norfolk Southern declined comment, but said it stuck with
+  its offer for Piedmont. Norfolk owns about 20 pct of Piedmont
+  and opened the bidding when it said it would propose a takeover
+  of Piedmont.
+      Some analysts said Icahn may be trying to acquire USAir to
+  make his own airline a more attractive takeover target.
+      "Icahn I think had wanted to sell his airline and there
+  were no takers. I think the strategy might have called for
+  making his investment more attractive. One way to accomplish
+  that specific objective is to go out and acquire other
+  airlines," said Andrew Kim of Eberstadt Fleming.
+      "I don't know whose going to buy them, but at least this
+  way it becomes a much more viable package," said Kim.
+      But Icahn's financing ability for such a transaction
+  remains in doubt, in part because of TWA's heavy debt load.
+      Wall street sources said TWA has some cash with which to do
+  the offer.
+      The sources said Icahn has not lined up outside financial
+  advisers and plans to make his own arrangements.
+     Icahn earlier this year abandoned plans to buy USX Corp <X>
+  and still retains 11 pct of that company's stock.
+      Some Wall street sources said the financier's USX plan was
+  impacted by the cloud hanging over his adviser, Drexel Burnham
+  Lambert Inc, because of Wall Street's insider trading scandal.
+      Industry sources also predicted USAir might reject the TWA
+  offer on price and financing concerns. "It's littered with
+  contingencies and it doesn't even have a financing
+  arrangement," said one executive at another major airline.
+      But the executive conceded a merged TWA-USAir would be a
+  strong contender with USAir's east coast route system and
+  planned west coast presence from PSA. USAir could feed the
+  intenrational flights of TWA, which has a midwest presence in
+  its St. Louis hub. Adding Piedmont, dominant in the southeast,
+  to the mix would develop an even stronger force.
+      The combined entity would also have TWA's pars reservation
+  system.
+      Such a merger would be complex and analysts said it would
+  result in an airline iwth an 18 pct market share.
+  
+
diff --git a/reuters/training/1837 b/reuters/training/1837
new file mode 100644
index 0000000000000000000000000000000000000000..cd84756ca3d72e862deabc5eba21c78f57173b42
--- /dev/null
+++ b/reuters/training/1837
@@ -0,0 +1,8 @@
+FOREST OIL CORP <FOIL> 4TH QTR
+  Shr loss 29 cts vs profit eight cts
+      Net loss 2.0 mln vs profit 568,000
+      year
+      Shr loss 1.37 dlrs vs profit 88 cts
+      Net loss 9.3 mln vs profit 6.0 mln
+  
+
diff --git a/reuters/training/1839 b/reuters/training/1839
new file mode 100644
index 0000000000000000000000000000000000000000..49a8f729703aed0d514e52d93ab8c78c3720e06a
--- /dev/null
+++ b/reuters/training/1839
@@ -0,0 +1,23 @@
+YEUTTER PLANS TRADE TRIP TO CHINA THIS SUMMER
+  U.S. Trade Representative Clayton
+  Yeutter said he plans a July trip to China to discuss trade
+  issues including China's admission to the General Agreements on
+  Tariffs and Trade.
+      Yeutter told a congressional hearing it was possible China
+  could be a member of GATT before the end of the year.
+      "They are making major moves to becoming a full scale member
+  of the world economy," he told the House Appropriations
+  subcommittee which oversees his agency's budget.
+      Depending on how the negotiations go on the terms of
+  China's GATT membership, Yeutter said he could put the final
+  touches on the U.S. part of the agreement during his trip.    
+  The admission of China to GATT, which is the multinational
+  group of nations which negotiates international rules on trade,
+  would offer both potential export markets and potential
+  competition for U.S. industries, he said.
+      "That has a lot of potential as well as risks for U.S.
+  business," Yeutter said.
+      "I think China will develop into a fine market for us," he
+  added.
+  
+
diff --git a/reuters/training/1842 b/reuters/training/1842
new file mode 100644
index 0000000000000000000000000000000000000000..e09713f9ef044889c73b5270acbd13c4149160ea
--- /dev/null
+++ b/reuters/training/1842
@@ -0,0 +1,30 @@
+RIO COFFEE TRADE PREFERS NO PACT TO QUOTA CUT
+  The failure of talks to introduce
+  new coffee export quotas within the International Coffee
+  Agreement, ICA, was preferable to the alternative of Brazil
+  having a sharply reduced quota, as had been proposed, President
+  of the Rio de Janeiro Coffee Trade Association Carlos Calmon
+  said.
+      He told Reuters proposals to reduce Brazil's quota to 25
+  pct of the world share from 30 pct at present were unacceptable
+  as the country has large stocks and a good harvest is expected.
+      "Brazil has the capacity to export 20 mln bags this year,"
+  Calmon added.
+      Calmon said, assuming a 58 mln bag global ICA quota,
+  Brazil's share under the proposals would have been 14.5 mln
+  bags, of which soluble would have accounted for 2.0 mln,
+  leaving just 12.5 mln bags of green coffee for export.
+      "It's a pity the talks broke down, but for Brazil this was
+  better than such a quota reduction," he added.
+      In 1985 Brazil exported 19.6 mln bags of soluble and green
+  coffee, including about two mln bags to non-members. A severe
+  drought and marketing problems cut exports last year to under
+  10 mln bags.
+      Calmon estimated stocks as of January 1 at 18 mln bags, of
+  which 5.0 mln have already been sold for export. The harvest
+  this year should be around 30 mln bags, he added.
+      The latest Brazilian Coffee Institute estimate for last
+  year's harvest is 11.2 mln bags, although many traders believe
+  it was higher than this.
+  
+
diff --git a/reuters/training/1843 b/reuters/training/1843
new file mode 100644
index 0000000000000000000000000000000000000000..93834aad822d7dfa4aa1332f6eacae876d073508
--- /dev/null
+++ b/reuters/training/1843
@@ -0,0 +1,6 @@
+ISRAEL TENDERS TONIGHT FOR CORN AND/OR SORGHUM
+  Israel will tender overnight for
+  33,000 long tons of U.S. sorghum and/or 22,000 long tons of
+  U.S. corn for April shipment, private export sources said.
+  
+
diff --git a/reuters/training/1845 b/reuters/training/1845
new file mode 100644
index 0000000000000000000000000000000000000000..2bf1c2ed971541ca4dc47181194f9b10bb87f463
--- /dev/null
+++ b/reuters/training/1845
@@ -0,0 +1,17 @@
+U.S. CABINET COUNCIL SET TO MULL FARM ISSUES
+  The Reagan administration's
+  cabinet-level Economic Policy Council is scheduled to meet
+  Friday to discuss, among other issues, the status of
+  agricultural legislation, administration officials said.
+      The officials said discussion of a U.S. Agriculture
+  Department wheat export subsidy to the Soviet Union was not on
+  the agenda. Matters not on the agenda, however, can be brought
+  before the council, the officials said.
+      Grain trade officials have speculated that USDA would make
+  a wheat export enhancement offer to Moscow, but USDA officials
+  have said the matter is not under active consideration.
+      USDA today transmitted to Congress a package of legislative
+  proposals, including bills that would cut target prices and
+  speed up loan rate reductions.
+  
+
diff --git a/reuters/training/1846 b/reuters/training/1846
new file mode 100644
index 0000000000000000000000000000000000000000..6e500e9411271d2b54aaee9aad47c5929f809eb4
--- /dev/null
+++ b/reuters/training/1846
@@ -0,0 +1,13 @@
+UNICORP AMERICAN CORP <UAC> 4TH QTR NET
+  Shr 13 cts vs 70 cts
+      Net 1,538,000 vs 8,614,000
+      Revs 16.4 mln vs 19.6 mln
+      12 mths
+      Shr 89 cts vs 2.43 dlrs
+      Net 10.3 mln vs 29.8 mln
+      Revs 56.2 mln vs 83.8 mln
+      Note: 1986 net is before preferred dividend payments and
+  includes after-tax gain from sale of real estate properties of
+  12.9 mln dlrs.
+  
+
diff --git a/reuters/training/1847 b/reuters/training/1847
new file mode 100644
index 0000000000000000000000000000000000000000..89a58eafc45c9b134218670f7b7de31366d45b21
--- /dev/null
+++ b/reuters/training/1847
@@ -0,0 +1,14 @@
+BANNER <BNR> COMPLETES REXNORD SHARE PURCHASE
+  Banner Industries Inc said it completed
+  the previously announced purchase of Rexnord Inc <REX>. It said
+  it owns 96 pct of Rexnord's outstanding following the purchase
+  of all Rexnord's common validly tendered pursuant to its 26.25
+  dlr per share cash tender offer ended February 27.
+      Banner also said it received 310 mln dlrs pursuant to a
+  credit agreement with <Citicorp Industrial Credit Inc> and the
+  <Bank of Nova Scotia> and 260 mln dlrs from an offering made
+  through Drexel Burnham Lambert Inc.
+      The merger of Rexnord with a subsidiary of Banner will be
+  copmleted before mid-May, the company said.
+  
+
diff --git a/reuters/training/1848 b/reuters/training/1848
new file mode 100644
index 0000000000000000000000000000000000000000..35367b684b8eede0e2c2bd5666b45faa57f22ab7
--- /dev/null
+++ b/reuters/training/1848
@@ -0,0 +1,29 @@
+U.S. REAFFIRMS OPPOSITION TO EC OILS TAX PLAN
+  A meeting among government agencies
+  today reaffirmed the strong opposition of the United States to
+  a proposed new tax on vegetable oils and fats in the European
+  Community, U.S. trade officials said.
+      Representatives of the major government agencies agreed at
+  a trade policy review group meeting, which includes officials
+  of the deputy secretary rank, to continue diplomatic pressure
+  on EC member states.
+      "We (all agencies) are together on this," said one U.S.
+  trade official.
+      One source said the U.S. would continue to make clear to
+  member states and to the EC commission that if Brussels
+  proceeds with the vegetable oils tax "there will be a great
+  cost."
+      U.S. officials said no formal list of European products on
+  which the U.S. might retaliate, has yet been drawn up.
+      "I don't think we're at that point yet," said one trade
+  official, adding that the EC has only begun deliberations on
+  its farm price package.
+      Suzanne Early, assistant trade representative, told Reuters
+  the interagency meeting was to discuss U.S. strategy on the
+  vegetable oils issue. Asked about retaliation, she said
+  "sometimes its better not to be specific."
+      U.S. trade representative Clayton Yeutter Monday warned
+  another major transatlantic trade row will develop if the EC
+  proceeds with the vegetable oils tax.
+  
+
diff --git a/reuters/training/1849 b/reuters/training/1849
new file mode 100644
index 0000000000000000000000000000000000000000..d8fdb9e1a7ebacd00a96b921f30308710fdafe81
--- /dev/null
+++ b/reuters/training/1849
@@ -0,0 +1,11 @@
+<CCL INDUSTRIES INC> 4TH QTR NET
+  Shr 15 cts vs 18 cts
+      Net 4,500,000 vs 5,300,000
+      Revs 156.7 mln vs 152.0 mln
+      YEAR
+      Shr 72 cts vs 1.11 dlrs
+      Net 21.7 mln vs 33.0 mln
+      Revs 695.4 mln vs 653.5 mln
+      Note: Shr profit relates to class B non-voting shares.
+  
+
diff --git a/reuters/training/185 b/reuters/training/185
new file mode 100644
index 0000000000000000000000000000000000000000..92b2a92852f397971da66cfe8651097c0c17f9cb
--- /dev/null
+++ b/reuters/training/185
@@ -0,0 +1,8 @@
+VERSATILE TO SELL UNIT TO VICON
+  <Versatile Corp> said
+  it agreed in principle to sell its Alberta-based Versatile
+  Noble Cultivators Co division to Vicon Inc, of Ontario, for
+  undisclosed terms.
+      The division manufactures tillage and spraying equipment.
+  
+
diff --git a/reuters/training/1851 b/reuters/training/1851
new file mode 100644
index 0000000000000000000000000000000000000000..a9fac564941477823b71832977132c5efd3fe915
--- /dev/null
+++ b/reuters/training/1851
@@ -0,0 +1,5 @@
+EIA SAYS DISTILLATE STOCKS OFF 3.4 MLN BBLS, GASOLINE OFF 100,000, CRUDE UP 3.2 MLN
+
+  EIA SAYS DISTILLATE STOCKS OFF 3.4 MLN BBLS, GASOLINE OFF 100,000, CRUDE UP 3.2 MLN
+  
+
diff --git a/reuters/training/1853 b/reuters/training/1853
new file mode 100644
index 0000000000000000000000000000000000000000..32ea10395645a15a5673a015844f9d5b4b917f90
--- /dev/null
+++ b/reuters/training/1853
@@ -0,0 +1,9 @@
+(G.T.C. TRANSCONTINENTAL GROUP LTD) 1ST QTR NET
+  Shr 11 cts vs nine cts
+      Net 2.1 mln vs 1.6 mln
+      Revs 60.8 mln vs 32.9 mln
+      Avg shrs 19.7 mln vs 17.2 mln
+      Note: period ended January 31.
+   Reuter
+  
+
diff --git a/reuters/training/1855 b/reuters/training/1855
new file mode 100644
index 0000000000000000000000000000000000000000..841b112ca51f10f35e621012219d8f2696cf8481
--- /dev/null
+++ b/reuters/training/1855
@@ -0,0 +1,5 @@
+PIEDMONT AVIATION RECESSES MEETING WITHOUT TAKING ACTION ON MERGER PROPOSALS
+
+  PIEDMONT AVIATION RECESSES MEETING WITHOUT TAKING ACTION ON MERGER PROPOSALS
+  
+
diff --git a/reuters/training/1856 b/reuters/training/1856
new file mode 100644
index 0000000000000000000000000000000000000000..33d5f21c53ee068c0ec3056017ee26cfd88fdaf3
--- /dev/null
+++ b/reuters/training/1856
@@ -0,0 +1,16 @@
+EIA SAYS DISTILLATE, GAS STOCKS OFF IN WEEK
+  Distillate fuel stocks held in
+  primary storage fell by 3.4 mln barrels in the week ended Feb
+  27 to 128.4 mln barrels, the Energy Information Administration
+  (EIA) said.
+      In its weekly petroleum status report, the Department of
+  Energy agency said gasoline stocks were off 100,000 barrels in
+  the week to 251.5 mln barrels and refinery crude oil stocks
+  were up 3.2 mln barrels to 333.0 mln.
+      The EIA said residual fuel stocks fell 2.2 mln barrels to
+  37.9 mln barrels and crude oil stocks in the Strategic
+  Petroleum Reserve (SPR) were up 700,000 barrels to 516.5 mln.
+      The total of all crude, refined product and SPR stocks were
+  unchanged at 1,575.1 mln barrels, it said.
+  
+
diff --git a/reuters/training/1858 b/reuters/training/1858
new file mode 100644
index 0000000000000000000000000000000000000000..667b7e76f58189feb0669d4010b48225f3b70e42
--- /dev/null
+++ b/reuters/training/1858
@@ -0,0 +1,24 @@
+CANADA CENTRAL BANK HEAD SEES MODERATE GROWTH
+  Bank of Canada Governor John Crow said he
+  expects the Canadian economy will grow moderately in the coming
+  year, despite the near flat growth in the final quarter of
+  1986.
+      "We see moderate growth," Crow told a news conference
+  following presentation of the central bank's annual report in
+  the House of Commons today.
+      He said there were positive signs of growth in the economy,
+  particularly the drawdown of business inventories in the fourth
+  quarter. Yesterday, Statistics Canada reported gross domestic
+  product expanded a slight 0.2 pct in the quarter.
+      Crow reiterated the bank's previous statements that
+  inflation remains a major priority in setting monetary policy
+  and said only zero inflation would be acceptable. Canada's
+  inflation rate is currently hovering around the four pct mark.
+      The governor said Canada's banking system remains sound
+  despite recent concern about exposure by the country's banks in
+  debt plagued countries such as Brazil.
+      "It (the debt problem) is not a happy development but I
+  think it can be overplayed in terms of its impact," Crow told
+  reporters.
+  
+
diff --git a/reuters/training/186 b/reuters/training/186
new file mode 100644
index 0000000000000000000000000000000000000000..097a6813ae98098a4bc4f6321697d4eee36d684b
--- /dev/null
+++ b/reuters/training/186
@@ -0,0 +1,6 @@
+VIDEOTRON BUYS INTO EXHIBIT COMPANY
+  (Groupe Videotron Ltd) said it agreed to
+  buy 50 pct of (Groupe Promexpo Inc), a company which
+  specializes in product exhibits, for three mln dlrs.           
+  
+
diff --git a/reuters/training/1860 b/reuters/training/1860
new file mode 100644
index 0000000000000000000000000000000000000000..f87cd3f852d110082b3455471005b8f371ed4d30
--- /dev/null
+++ b/reuters/training/1860
@@ -0,0 +1,58 @@
+ALLIS-CHALMERS <AH> PROPOSES RESTRUCTURING
+  Allis-Chalmers Corp said it asked
+  lenders and other groups to approve a restructuring plan that
+  would cause a dilution of the company's existing common stock.
+      The company said it would sell all of its businesses other
+  than the American Air Filter business, make a public financing
+  of more than 100 mln dlrs and pay part of the currently
+  outstanding debt with the proceeds.
+      Under the plan, which was presented to institutional
+  lenders, the company's unions and the Pension Benefit Guaranty
+  Corp, "substantial amounts" of institutional debt would be
+  converted to common stock of the restructured company.
+      Allis-Chalmers said it will exchange existing preferred
+  stock for common. The exchange of the institutional debt and
+  preferred stock for common equity will cause a "resulting
+  dilution of the existing common stock," Allis-Chalmers said in
+  a statement.
+      Under the plan, holders of existing common would hold about
+  15 pct of the restructured common stock. Holders of existing
+  preferred would hold about 35 pct of the new common.
+      Allis-Chalmers said its only alternative to the plan is
+  bankruptcy. The restructuring must be approved by creditors,
+  common and preferred holders,and present and former employees.
+      Allis-Chalmers said a bankruptcy filing "appears to
+  represent the company's only alternative if agreement upon the
+  terms of the plan cannot be reached."
+      The spokesman said in response to an inquiry that he was
+  not aware of any extraordinary charge against earnings that
+  would result from the restructuring.
+      "It is too early to talk about a charge" because the plan
+  must still be approved by the lenders and unions, he said.
+      Also under the plan, payments to Allis-Chalmers' private
+  lenders would be deferred. Trade payables and obligations
+  incurred in the ordinary course of business will be met.
+      Payment of health benefits for active and retired employees
+  would be made "at substantially reduced levels."
+      Allis-Chalmers, once one of the leading farm equipment
+  companies, sold all of its farm equipment operations to Deutz
+  of West Germany for 107 mln dlrs, leaving the company with
+  businesses in lift trucks, air conditioning, fluids handling
+  and solid materials processing.
+      Last year, Allis-Chalmers sold the lift truck business to
+  AC Material Handling Co of Columbus, Ohio.
+      Under the restructuring plan, Allis-Chalmers will sell its
+  solid materials processing and fluids handling businesses.
+  Solid materials processing, which makes equipment to crush
+  stones for highway construction, accounted for 288 mln dlrs of
+  Allis-Chalmers's total 1985 revenues of 886 mln dlrs.
+      The company will also sell its fluids handling operations,
+  which makes pumps and valves. That business accounted for 196
+  mln dlrs of the company's 1985 revenues.
+      Allis-Chalmers in 1986 reported a net loss of 8.6 mln dlrs,
+  or 1.09 dlrs a share. In 1985, the company lost 168.4 mln dlrs,
+  or 12.27 dlrs a share.
+      The company's last profit was in 1980, when it earned 52.4
+  mln dlrs on sales of 2.1 billion dlrs.
+  
+
diff --git a/reuters/training/1861 b/reuters/training/1861
new file mode 100644
index 0000000000000000000000000000000000000000..418271135fb1f77359287b1a41d7cfcfd5313192
--- /dev/null
+++ b/reuters/training/1861
@@ -0,0 +1,20 @@
+AMVESTORS FINANCIAL CORP <AVFC> 4TH QTR NET
+  Oper shr profit 11 cts vs loss 27 cts
+      Oper net profit 662,625 vs loss 774,002
+      Revs 43.9 mln vs 18.4 mln
+      Year
+      Oper shr profit 37 cts vs loss 37 cts
+      Oper net profit 1,487,796 vs loss 1,119,626
+      Revs 150.1 mln vs 51.7 mln
+      NOTE: 1986 4th qtr and yr oper net excludes 6,134 dlrs and
+  720,500 dlrs or 20 cts per share, respectively, for realized
+  investment gains.
+      1986 qtr and yr oper net also excludes 102,300 dlrs and
+  257,300 dlrs, respectively, for tax loss carryforwards.
+      1985 4th qtr and yr oper net excludes realized investment
+  gains of 449,920 dlrs or 15 cts per share and 897,949 dlrs or
+  30 cts per share, respectively.
+      1985 4th qtr oper net also excludes a loss of 42,820 dlrs
+  for carryforward.
+  
+
diff --git a/reuters/training/1862 b/reuters/training/1862
new file mode 100644
index 0000000000000000000000000000000000000000..f108dc7df6474011c8af9c28448c1c1ffc5359da
--- /dev/null
+++ b/reuters/training/1862
@@ -0,0 +1,15 @@
+PIEDMONT <PIE> TAKES NO ACTION
+  Piedmont Aviation Inc said
+  its board meeting recessed today without taking action on
+  proposals to combine Piedmont with other corporations.
+      Piedmont has received opposing bids from Norfolk Southern
+  Corp and US Air Corp.
+      Earlier today, Trans World Airlines Inc offered to either
+  buy Piedmont suitor US Air or, alternatively, to merge with
+  Piedmont and U.S. Air.
+      IN a prepared statement, Piedmont said there would be no
+  further announcements concerning this situation today.
+      The company declined to say when the board would meet
+  again.
+  
+
diff --git a/reuters/training/1863 b/reuters/training/1863
new file mode 100644
index 0000000000000000000000000000000000000000..70f129da94db1e64d5eb9b561a7e19b1dfbc4817
--- /dev/null
+++ b/reuters/training/1863
@@ -0,0 +1,14 @@
+YEUTTER CONCERNED ABOUT U.S. EXPORT PICTURE
+  U.S. Trade Representative Clayton
+  Yeutter said he expects imports to fall soon but he was
+  concerned about the lack of improvement in U.S. exports given
+  the dollar's decline in the last 18 months.
+      "I'm convinced we're about to see an improvement on the
+  import side. I'm more concerned about the export side," he told
+  a House Appropriations subcommittee.
+      Part of the blame goes on other countries which have not
+  generated the economic growth to increase demand for U.S. goods
+  and part to some U.S. companies which are not generating
+  competitive exports, he said.
+  
+
diff --git a/reuters/training/187 b/reuters/training/187
new file mode 100644
index 0000000000000000000000000000000000000000..ba5307022679d409a2d690ab5a717607a6a1916a
--- /dev/null
+++ b/reuters/training/187
@@ -0,0 +1,9 @@
+<MEMOTEC DATA INC> YEAR NET
+  Shr 81 cts vs 66 cts
+      Net 5,011,000 vs 2,314,000
+      Revs 57.3 mln vs 17.6 mln
+      Note: results include extraordinary gains of 1,593,000 dlrs
+  or 26 cts a share in 1986 and 451,000 dlrs or 13 cts a share in
+  1985.
+  
+
diff --git a/reuters/training/1871 b/reuters/training/1871
new file mode 100644
index 0000000000000000000000000000000000000000..eaae41a27bfbb7805b3886f3d9b251e1ba65a0eb
--- /dev/null
+++ b/reuters/training/1871
@@ -0,0 +1,9 @@
+HOUSE TRADE BILL DRAFTING POSTPONED
+  The House Ways and Means trade
+  subcommittee postponed until next week its opening session to
+  start drafting major changes to U.S. trade laws, a committee
+  aide said.
+      The subcommittee had not yet completed the preparatory work
+  to start writing the legislation, the aide said.
+  
+
diff --git a/reuters/training/1872 b/reuters/training/1872
new file mode 100644
index 0000000000000000000000000000000000000000..0c7a33f31324f704e812e09a81dbb9d6ea97e4df
--- /dev/null
+++ b/reuters/training/1872
@@ -0,0 +1,12 @@
+<LUMONICS INC> YEAR LOSS
+  Oper shr loss 20 cts vs profit 66 cts
+      Oper net loss 1,995,000 vs profit 5,820,000
+      Revs 65.2 mln vs 53.0 mln
+      Avg shrs 9,891,000 vs 8,811,000
+      Note: 1986 loss excludes extraordinary loss of 2,413,000
+  dlrs or 25 cts shr including corporate reorganization,
+  discontinuing of U.S. operations and inventory writedown of
+  U.S. subsidiaries vs yr-ago loss of 3,140,000 dlrs or 36 cts
+  shr.
+  
+
diff --git a/reuters/training/1873 b/reuters/training/1873
new file mode 100644
index 0000000000000000000000000000000000000000..cc9fc4bc8a8362b230d621d95d69ef04bcc640db
--- /dev/null
+++ b/reuters/training/1873
@@ -0,0 +1,6 @@
+HCC INDUSTRIES <HCCI> QUARTERLY DIVIDEND
+  Qtly div three cts vs three cts
+      Pay March 27
+      Record March 16
+  
+
diff --git a/reuters/training/1875 b/reuters/training/1875
new file mode 100644
index 0000000000000000000000000000000000000000..46c28a32f9ea89302c7ce2568933c85b4ca226ab
--- /dev/null
+++ b/reuters/training/1875
@@ -0,0 +1,12 @@
+SOUTHLAND <SLC> UNIT RAISES CRUDE PRICES
+  Southland Corp's Citgo Petrleum Corp
+  said it raised the contract price it will pay for all grades of
+  crude oil by one dlr a barrel, effective today.
+      The increase brings Citgo's posted price for West Texas
+  Intermediate to 17.00 dlrs a bbl. West Texas Sour is also now
+  priced at 17.00 dlrs/bbl, and Light Louisiana South is posted
+  at 17.35 dlrs/bbl.
+      On February 25 Citgo lowered its crude postings 50 cts to
+  1.50 dlrs per bbl, and cut WTI one dlr to 16.00.
+  
+
diff --git a/reuters/training/1877 b/reuters/training/1877
new file mode 100644
index 0000000000000000000000000000000000000000..5a2d16580fd77721c8072d73755b2af11d4dd163
--- /dev/null
+++ b/reuters/training/1877
@@ -0,0 +1,11 @@
+<WESTERN SECURITY BANK> 4TH QTR NET
+  Shr profit ten cts vs loss six cts
+      Net profit 43,000 vs loss 26,000
+      Year
+      Shr profit 46 cts vs profit 12 cts
+      Net profit 193,294 vs profit 51,029
+      Assets 44.4 mln vs 25.3 mln
+      Deposits 40.0 mln vs 21.4 mln
+      Loans 25.3 mln vs 15.2 mln
+  
+
diff --git a/reuters/training/1878 b/reuters/training/1878
new file mode 100644
index 0000000000000000000000000000000000000000..3ea5b7945fea4404ff57ae2b42baa47e766df173
--- /dev/null
+++ b/reuters/training/1878
@@ -0,0 +1,23 @@
+RECENT U.S. OIL DEMAND UP 2.1 PCT FROM YEAR AGO
+  U.S. oil demand as measured by
+  products supplied rose 2.1 pct in the four weeks ended February
+  27 to 16.39 mln barrels per day (bpd) from 16.05 mln in the
+  same period a year ago, the Energy Information Administration
+  (EIA) said.
+      In its weekly petroleum status report, the Energy
+  Department agency said distillate demand was down 2.1 pct in
+  the period to 3.37 mln bpd from 3.44 mln a year earlier.
+      Gasoline demand averaged 6.60 mln bpd, up 2.4 pct from 6.44
+  mln last year, while residual fuel demand was 1.47 mln bpd, up
+  1.9 pct from 1.44 mln, the EIA said.
+      Domestic crude oil production was estimated at 8.38 mln
+  bpd, down 8.7 pct from 9.18 mln a year ago, and gross daily
+  crude imports (excluding those for the SPR) averaged 4.11 mln
+  bpd, up 36.9 pct from three mln, the EIA said.
+      Refinery crude runs in the four weeks were 12.21 mln bpd,
+  up 2.2 pct from 12 mln a year earlier, it said.
+      Year-to-date figures will not become available until March
+  26 when EIA's Petroleum Supply Monthly data for January 1987
+  becomes available, the agency said.
+  
+
diff --git a/reuters/training/1880 b/reuters/training/1880
new file mode 100644
index 0000000000000000000000000000000000000000..1b6f12d4d80c17b0839a8320d6052ec127ff5289
--- /dev/null
+++ b/reuters/training/1880
@@ -0,0 +1,20 @@
+COFFEE PRICE DROP NOT AFFECTING COLOMBIA'S DEBT
+  the sharp fall in international coffee
+  prices will not affect colombia's external credit situation,
+  finance minister cesar gaviria told reuters.
+      "our foreign debt is high, but we can pay, and I hope the
+  foreign banking community will maintain its position toward us,"
+  he said.
+      He said the current decline on world coffee markets was not
+  totally unexpected and would have no immediate bearing on
+  colombia's financial state, which he described as sound.
+      Gaviria said the decline in coffee prices could mean a loss
+  of 1.5 billion dlrs in revenues for 1987.
+      The conservative party and the country's largest trade
+  union called this week for the debt to be rescheduled following
+  the price drop.
+      Colombia, the only major latin american country not to have
+  rescheduled its external public debt, has a total foreign debt
+  of 13.6 billion dlrs.
+  
+
diff --git a/reuters/training/1882 b/reuters/training/1882
new file mode 100644
index 0000000000000000000000000000000000000000..5cc8b5d08a1f810fa2fbda55856842d05d57a43d
--- /dev/null
+++ b/reuters/training/1882
@@ -0,0 +1,17 @@
+USDA WOULD SCRAP COTTON, RICE, BEAN PRICE FLOORS
+  The package of proposed farm policy
+  changes that the Reagan administration sent to Congress today
+  includes a provision that would eliminate minimum price support
+  levels for upland cotton, rice and soybeans.
+      The package, obtained by Reuters, also includes a
+  provision, outlined in advance by USDA officials, that would
+  increase the annual permissible cut in the basic price support
+  levels for all major crops to 10 pct from five pct.
+      Under current law, the basic support prices for upland
+  cotton, rice and soybeans between 1987 and 1990 cannot be cut
+  below 50 cents per lb, 6.50 dlrs per hundredweight and 4.50
+  dlrs per bushel, respectively.
+      USDA's intention to propose scrapping price floors for
+  cotton, rice and soybeans had not been disclosed previously.
+  
+
diff --git a/reuters/training/1885 b/reuters/training/1885
new file mode 100644
index 0000000000000000000000000000000000000000..3c20fd95944c6a91f921c1cd4accdc0e2ba18409
--- /dev/null
+++ b/reuters/training/1885
@@ -0,0 +1,14 @@
+SOUTH AFRICAN FOREIGN RESERVES UP SHARPLY
+  South Africa's total gold and
+  foreign assets rose by 700 mln rand in February to 6.2 billion
+  rand after rising by almost one billion rand in January,
+  Reserve Bank Governor Gerhard de Kock said.
+      De Kock, interviewed on state-run television, gave no
+  breakdown of the reserves.
+      He also said that to curb inflation, salary increases would
+  have to be below the inflation rate. The state must set an
+  example by keeping wage increases below the inflation rate, he
+  said.
+      Consumer prices rose by 16.1 pct in the year to January.
+  
+
diff --git a/reuters/training/1886 b/reuters/training/1886
new file mode 100644
index 0000000000000000000000000000000000000000..9cda465e87b060ff2666109777acd2c747dc23a5
--- /dev/null
+++ b/reuters/training/1886
@@ -0,0 +1,13 @@
+WTC INTERNATIONAL <WAF> SETS SOUTH AFRICA TRUST
+  WTC International N.V. said it
+  has sold its affiliates in South Africa to an independent
+  trust, created to continue the operations in that country.
+      The purchase price was about 8.4 mln dlrs, represented by a
+  ten-year interest-bearing note, payable annually at 11 pct, to
+  be paid by the trust out of proceeds from the South African
+  operations, the company said.
+      WTC said its board concluded in view of the social,
+  political and economic situatin in South Africa, it was best to
+  separate the company from its interests there.
+  
+
diff --git a/reuters/training/1889 b/reuters/training/1889
new file mode 100644
index 0000000000000000000000000000000000000000..08671204219d00391d1e844e89207dfda2ae5dfa
--- /dev/null
+++ b/reuters/training/1889
@@ -0,0 +1,58 @@
+IVORY COAST SAYS COFFEE PRICE FALL SHORT-LIVED
+  Ivory Coast today predicted that the
+  present coffee price crash recorded after the collapse of the
+  recent International Coffee Organisation (ICO) meeting in
+  London would not last long.
+      Commenting on Monday's failure by producer and consumer
+  nations to agree on new export quotas needed to tighten an
+  oversupplied coffee market, Ivorian Agriculture Minister Denis
+  Bra Kanon told reporters that traders would eventually be
+  obliged to restore their positions.
+      "I am convinced the market is going to reverse by April," he
+  told a news conference here at his return from the failed
+  London talks.
+      Robusta coffee beans for May delivery ended the day in
+  London down about 50 sterling at 1,265 sterling a tonne, the
+  lowest since 1982.
+      Bra Kanon estimated at at least 535 billion CFA francs
+  (1.76 billion dlrs) the overall loss in revenues earned by
+  Ivory Coast from all its commodities exports this year if the
+  slide on the world markets continues.
+      He disclosed that his country - the world's biggest cocoa
+  producer and the third largest for coffee -- would spearhead an
+  African initiative to reach a compromise formula by the end of
+  next month.
+      Ivory Coast has been chosen by the Abidjan-based
+  Inter-African Coffee Organisation (IACO) to speak on behalf of
+  the continent's 25 producer nations at the London talks.
+      "An initiative from IACO is likely very soon," he said
+  without elaborating.
+      "Following the London collapse, we have immediately embarked
+  on a concertation course to avoid breaking an already fragile
+  market," he said.
+      Questioned by journalists, the minister said President
+  Felix Houphouet-Boigny estimated for the moment that his
+  government would not be forced to reduce the price guaranteed
+  by the state to Ivorian coffee-growers for the current season.
+      Last year, the West African nation announced that the
+  coffee producer price would stay at 200 CFA francs (65 cents)
+  per kilo.
+      Bra Kanon said that his country would strive to diversify
+  its agricultural production to avoid beeing too dependent from
+  world market fluctuation.
+      A communique read over the state-run television tonight
+  said that during today's weekly cabinet meeting, the veteran
+  Ivorian leader reaffirmed "his faith in Ivory Coast's bright
+  (economic) future" despite the commodities price slide.
+      The Agriculture Minister also announced the government
+  decided to earmark a sum of 7.5 billion CFA francs (24.71 mln
+  dlrs) to support the country's small farmers.
+      Financially-strapped Ivory Coast, long regarded as one of
+  Africa's showpiece economies, is going through difficult times
+  following the sharp slump in the world price of cocoa and
+  coffee.
+      Ivory Coast's real gross domestic product is expected to
+  grow only one pct this year compared to five pct in 1986,
+  according to a recent Finance Ministry estimate.
+  
+
diff --git a/reuters/training/189 b/reuters/training/189
new file mode 100644
index 0000000000000000000000000000000000000000..dbefbf1ffb7e86d977e998308eeed0b9f3c41007
--- /dev/null
+++ b/reuters/training/189
@@ -0,0 +1,5 @@
+TEXACO CANADA CUTS CRUDE PRICES 64 CANADIAN CTS/BBL, PAR GRADE TO 22.26 CANADIAN DLRS
+
+  TEXACO CANADA CUTS CRUDE PRICES 64 CANADIAN CTS/BBL, PAR GRADE TO 22.26 CANADIAN DLRS
+  
+
diff --git a/reuters/training/1890 b/reuters/training/1890
new file mode 100644
index 0000000000000000000000000000000000000000..ac5cb4bb91f30db3840e89c3c98f5ab8ce764c0f
--- /dev/null
+++ b/reuters/training/1890
@@ -0,0 +1,27 @@
+N.Z. CURRENT ACCOUNT DEFICIT NARROWS IN JANUARY
+  New Zealand's current account deficit
+  narrowed to 180 mln N.Z. Dlrs in January from 203 mln, revised
+  from 207 mln, in December and 305 mln in January 1986, in a
+  smoothed measurement, the Statistics Department said.
+      Unsmoothed figures show a deficit of 162 mln dlrs for
+  January against 107 mln, revised from 75 mln for December 1986
+  and 575 mln in January 1986.
+      The smoothed series -- adjusted to iron out random
+  fluctuations -- shows a widening surplus on merchandise trade
+  to 46 mln from a surplus of 33 mln, revised from 43 mln dlrs in
+  December and a 71 mln deficit in the a year ago period.
+      Exports were 905 mln dlrs against 929 mln, revised from 971
+  mln in December and 816 mln a year earlier, while imports fell
+  to 858 mln from 895 mln, revised from 928 mln in December and
+  888 mln in January 1986.
+      Unadjusted merchandise figures show a surplus of 53 mln
+  dlrs vs 141 mln, revised from 203 mln surplus in December 1986
+  and a 323 mln deficit a year earlier.
+      The deficit on invisibles on unsmoothed figures eased to
+  215 mln dlrs from 248 mln, revised from 277 mln in December and
+  252 mln in January 1986.
+      The smoothed deficit on invisibles fell to 226 mln from 237
+  mln, revised from 250 mln in December and 234 mln in the year
+  ago period.
+  
+
diff --git a/reuters/training/1897 b/reuters/training/1897
new file mode 100644
index 0000000000000000000000000000000000000000..343882018c1f87999968983b2046b7795b6a06d9
--- /dev/null
+++ b/reuters/training/1897
@@ -0,0 +1,20 @@
+REAGAN'S REMARKS HELP GOLD TO RECOVER IN HONG KONG
+  Gold rose by about 50 U.S. Cents an
+  ounce, following a statement by President Ronald Reagan that
+  the arms-for-hostages deal with Iran "was a mistake," dealers
+  said.
+      Bullion rose to 409.40/90 dlrs from an initial low of
+  408.90/409.40. This compares with the opening of 409.00/50 and
+  New York's close of 410.00/50.
+      Dealers noted mild short-covering in the metal after some
+  initial selling by local investors. Trading was fairly quiet
+  this morning partly owed to the slow U.S. Dollar activities,
+  they added.
+      However, Reagan's remarks had only a short-lived bullish
+  impact on the gold price, which is now stabilising at 409.10/60
+  dlrs, dealers said.
+      On the local market, the metal traded in a narrow range of
+  3,800 and 3,805 H.K. Dlrs a tael against yesterday's 3,778
+  close.
+  
+
diff --git a/reuters/training/1898 b/reuters/training/1898
new file mode 100644
index 0000000000000000000000000000000000000000..266357fc31b78125c4a41fbcf5e3ae851fb1ab50
--- /dev/null
+++ b/reuters/training/1898
@@ -0,0 +1,13 @@
+TAIWAN ISSUES MORE CDS TO CURB MONEY SUPPLY GROWTH
+  The central bank has issued 7.08 billion
+  dlrs worth of certificates of deposit (CDs), bringing the value
+  of CD issues so far this year to 93.29 billion, a bank
+  spokesman told Reuters.
+      The new CDs, with maturities of six months, one year and
+  two years, carry interest rates ranging from 3.9 to 5.15 pct.
+      The issues are designed to help curb the growth of the M-1B
+  money supply which has expanded along with Taiwan's foreign
+  exchange reserves, the spokesman said. The reserves reached a
+  record high of more than 51 billion U.S. Dlrs Wednesday.
+  
+
diff --git a/reuters/training/19 b/reuters/training/19
new file mode 100644
index 0000000000000000000000000000000000000000..79a0f8c12c1d154c98391f932ba22a0a810514c6
--- /dev/null
+++ b/reuters/training/19
@@ -0,0 +1,13 @@
+BONUS WHEAT FLOUR FOR NORTH YEMEN  -- USDA
+  The Commodity Credit Corporation, CCC,
+  has accepted an export bonus offer to cover the sale of 37,000
+  long tons of wheat flour to North Yemen, the U.S. Agriculture
+  Department said.
+      The wheat four is for shipment March-May and the bonus
+  awarded was 119.05 dlrs per tonnes and will be paid in the form
+  of commodities from the CCC inventory.
+      The bonus was awarded to the Pillsbury Company.
+      The wheat flour purchases complete the Export Enhancement
+  Program initiative announced in April, 1986, it said.
+  
+
diff --git a/reuters/training/1901 b/reuters/training/1901
new file mode 100644
index 0000000000000000000000000000000000000000..1e6ca601933134d059825d83dfdaedc654ed77bf
--- /dev/null
+++ b/reuters/training/1901
@@ -0,0 +1,24 @@
+UNUSUALLY DRY WEATHER AFFECTS CHINA'S AGRICULTURE
+  Abnormally warm and dry weather over most
+  parts of China is seriously affecting crops, the New China News
+  Agency said.
+      It said the drought has made rice planting difficult in
+  eight provinces, including Guangxi, Sichuan and Hunan. Plant
+  diseases and insect pests have increased in wheat-producing
+  areas, it said.
+      The agency said some areas of Guangxi, Hubei, Shanxi and
+  other provinces have been suffering a drought for more than
+  seven months.
+      The agency said the dry weather had reduced the amount of
+  water stored by more than 20 pct compared with last March,
+  lowered the water level of many rivers, reduced hydroelectric
+  power supplies and caused water shortages for industry and
+  consumers.
+      The upper reaches of the Yangtze are at their lowest levels
+  in a century, causing many ships to run aground and making
+  harbour manoeuvres difficult, it said.
+      The drought has also increased the number of forest fires.
+  More than 1,000 fires in southern China had destroyed 13,340
+  hectares of forest by mid-February, it said.
+  
+
diff --git a/reuters/training/1902 b/reuters/training/1902
new file mode 100644
index 0000000000000000000000000000000000000000..bf5c16fb4d34a08af3d0f834c6b64815d900c5fd
--- /dev/null
+++ b/reuters/training/1902
@@ -0,0 +1,43 @@
+TAIWAN SHIPBUILDER LOOKS FOR JAPANESE VENTURES
+  Taiwan's state-owned China Shipbuilding
+  Corp (CSBC) plans to seek joint production agreements with
+  Japan and further diversify into ship repairing to try to trim
+  its debts, chairman Louis Lo said.
+      He told Reuters in an interview that CSBC's first joint
+  production venture, to build two hulls for <Onomichi Dockyard
+  Co Ltd>, was a success. Talks on similar projects have been
+  held with other Japanese firms, including Mitsubishi Heavy
+  Industries Co Ltd <MITH.T> and Ishikawajima-Harima Heavy
+  Industries Co Ltd <JIMA.T>, he said.
+      Lo said CSBC delivered the hulls of two 2,200-TEU (twenty
+  foot equivalent unit) container ships this year to Onomichi,
+  which would complete production.
+      "We expect the successful cooperation between us and
+  Onomichi will pave the way for further cooperation with other
+  Japanese shipbuilders in the future," Lo said.
+      He said Japanese firms would gain from the lower cost of
+  shipbuilding in Taiwan while CSBC would benefit from Japanese
+  technology and marketing. This would pose a challenge to
+  competitors in Europe and South Korea.
+      Lo said CSBC has made losses of about 100 mln U.S. Dlrs
+  since beginning operations in 1975. Its total debt now stands
+  at about 500 mln dlrs, with annual interest payments of nearly
+  three mln dlrs.
+      But he said the company, which is Taiwan's largest
+  shipbuilder, still has full government support and had begun
+  diversifying into ship repairing and manufacture of pipes and
+  other machinery.
+      "We hope we can survive and prosper through diversification,"
+  he said.
+      Lo said income from ship repairing almost doubled to 20 mln
+  U.S. Dlrs in the year ended June 1986 compared with the
+  previous financial year. He estimated income would rise to more
+  than 25 mln dlrs in 1986/87.
+      CSBC has orders to build 10 ships totalling 460,000 dead
+  weight tons (dwt) this financial year, compared with 11 ships
+  of 462,000 dwt in 1985/86, he said.
+      Lo said the prospects for shipbuilding were gloomy at least
+  until 1991 due to overtonnage, but the outlook for ship
+  repairing was bright.
+  
+
diff --git a/reuters/training/1904 b/reuters/training/1904
new file mode 100644
index 0000000000000000000000000000000000000000..6f9d148a7c5bf11fcaab5186b7d3fa99c678b2e9
--- /dev/null
+++ b/reuters/training/1904
@@ -0,0 +1,25 @@
+CREDITORS SEEK SWIFT RESCUE PACKAGE FOR JAPAN LINE
+  A group of creditor banks hopes to work
+  out a rescue package for Japan Line Ltd <JLIT.T>, one of the
+  world's largest tanker operators, by the end of Japan's
+  business year on March 31, a spokesman for the Industrial Bank
+  of Japan Ltd <IBJT.T> (IBJ) said.
+      Japan Line's cumulative debt was 68.98 billion yen at the
+  end of September, which exceeded shareholders' equities and
+  reserves totalling 63.40 billion.
+      In December, Japan Line asked banks to shelve repayment of
+  about 124 billion yen in outstanding loans and about 153
+  billion in loans to its subsidiaries.
+      Japan Line said then that the yen's steep rise and the
+  world shipping recession had hit the company hard.
+      The Japanese daily Asahi Shimbun said today that IBJ and
+  three other banks plan to abandon a total of 16 billion yen in
+  loans to Japan Line and a group of creditor banks plans to buy
+  seven billion yen of new Japan Line shares.
+      The spokesman for IBJ, Japan Line's largest creditor, said
+  the package may write off part of the outstanding loans and
+  will be worked out before long.
+      Commenting on the article, he said the details of the
+  package have not yet been settled.
+  
+
diff --git a/reuters/training/1907 b/reuters/training/1907
new file mode 100644
index 0000000000000000000000000000000000000000..bf88e3a3d307747f9e5034be0c4f8b188e76b6be
--- /dev/null
+++ b/reuters/training/1907
@@ -0,0 +1,14 @@
+AUSTRALIAN WHEAT EXPORTS RISE IN FEBRUARY
+  Australian wheat shipments rose to
+  1.33 mln tonnes in February from 1.01 mln in January, an
+  Australian Wheat Board official said.
+      February's shipments were down on the 1.54 mln tonnes
+  shipped in February 1986.
+      Cumulative shipments for the first five months of the
+  October/September wheat year were 6.12 mln tonnes, as against
+  6.54 mln a year earlier, the official said.
+      The major destinations in February were: China (419,196
+  tonnes), Egypt (301,909), Iraq (142,055), Japan (110,261),
+  South Korea (100,847) and the Soviet Union (100,056 tonnes).
+  
+
diff --git a/reuters/training/1909 b/reuters/training/1909
new file mode 100644
index 0000000000000000000000000000000000000000..93d49d9081b7306f0c464e945a39cdb5ee9f8ddf
--- /dev/null
+++ b/reuters/training/1909
@@ -0,0 +1,25 @@
+OPEC STICKING FIRM ON OFFICIAL PRICES - SUBROTO
+  OPEC countries are all sticking firmly to
+  official crude oil prices but the volatility of spot prices is
+  likely to continue into the third quarter, Indonesian Minister
+  of Mines and Energy Subroto told Reuters.
+      Subroto, attending a Pacific Energy Cooperation conference,
+  blamed recent rapid spot price changes on unbalanced supply and
+  demand. "If we stick to the production limitation, the third
+  quarter will be in better balance."
+      He said the market is in a period of transition while the
+  impact of OPEC's December agreement to cut output and fix
+  prices at an average 18 dlrs a barrel is worked through.
+      Asked whether OPEC members of the Gulf Cooperation Council
+  (GCC) had any concrete proposals to help Qatar sell its crude
+  oil in the face of strong resistance to its official prices,
+  Subroto said: "Apparently they have taken care of that."
+      "They (the GCC) meet very often among themselves. I think
+  they'll help each other," he said.
+      Subroto said that as he was not a member of OPEC's Price
+  Differentials Committee he did not know why the meeting had
+  been postponed from its scheduled April 2 date.
+      "Maybe they find it is better not to have the meeting
+  because ... Everyone is sticking to official prices," he said.
+  
+
diff --git a/reuters/training/191 b/reuters/training/191
new file mode 100644
index 0000000000000000000000000000000000000000..d9cded6b8879acd1a43edc6f5b2e7ad57069a67a
--- /dev/null
+++ b/reuters/training/191
@@ -0,0 +1,11 @@
+TEXACO CANADA <TXC> LOWERS CRUDE POSTINGS
+  Texaco Canada said it lowered the
+  contract price it will pay for crude oil 64 Canadian cts a
+  barrel, effective today.
+      The decrease brings the company's posted price for the
+  benchmark grade, Edmonton/Swann Hills Light Sweet, to 22.26
+  Canadian dlrs a bbl.
+      Texaco Canada last changed its crude oil postings on Feb
+  19.
+  
+
diff --git a/reuters/training/1910 b/reuters/training/1910
new file mode 100644
index 0000000000000000000000000000000000000000..4b744b7e9d0918c5eca8c2f3e821b853c708e629
--- /dev/null
+++ b/reuters/training/1910
@@ -0,0 +1,6 @@
+THAI COFFEE EXPORTS RISE IN 1986
+  Thai coffee exports rose to 22,068
+  tonnes in 1986 from 20,430 a year earlier, the Customs
+  Department said.
+  
+
diff --git a/reuters/training/1912 b/reuters/training/1912
new file mode 100644
index 0000000000000000000000000000000000000000..d1885882657ce2903376be4dce178c44cb72378c
--- /dev/null
+++ b/reuters/training/1912
@@ -0,0 +1,12 @@
+SOUTH KOREAN MONEY SUPPLY RISES IN FEBRUARY
+  South Korea's M-2 money supply rose 0.39
+  pct to 33,992.0 billion won in February from 33,858.4 billion
+  in January, when it fell a revised 0.04 pct from December,
+  provisional Bank of Korea figures show.
+      The February figure was up 18.89 pct from a year earlier.
+      M-1 money supply rose 4.13 pct to 8,492.1 billion won in
+  February from January, when it fell 7.82 pct from December. The
+  February figure marked a year-on-year rise of 18.45 pct.
+      The bank previously said M-2 fell 0.06 pct in January.
+  
+
diff --git a/reuters/training/1913 b/reuters/training/1913
new file mode 100644
index 0000000000000000000000000000000000000000..8d713e1f5094828f38cf3eaad8092a961307cbfd
--- /dev/null
+++ b/reuters/training/1913
@@ -0,0 +1,11 @@
+PAKISTAN'S FOREIGN EXCHANGE RESERVES FALL
+  Pakistan's foreign exchange reserves
+  fell to 8.43 billion rupees in February from 8.96 billion in
+  January, compared with 12.97 billion in February 1986, the
+  State Bank of Pakistan said.
+      The bank gave no reason for the fall but local bankers said
+  big import bills had affected the reserves.
+      The Federal Bureau of Statistics has not yet released last
+  month's import and export figures.
+  
+
diff --git a/reuters/training/1915 b/reuters/training/1915
new file mode 100644
index 0000000000000000000000000000000000000000..6021f2aa3071e41fe22ff7a06bfb2dec4223fb84
--- /dev/null
+++ b/reuters/training/1915
@@ -0,0 +1,20 @@
+THAILAND REDUCES MAIN RICE CROP PROJECTION
+  Thailand's main paddy crop is expected
+  to fall to 15.4 mln tonnes in the 1986/87 (Nov/Oct) season from
+  a previous 15.68 mln estimate in November and an actual 17.35
+  mln a year ago, the Thai Rice Mills Association said.
+      It said a joint field survey late last month by the
+  association, the Commerce Ministry and the Bank of Thailand
+  indicated that paddy output in Thailand's northeast region is
+  lower than expected because of a drought in several provinces.
+      The association said rice growing areas in Nakhon
+  Ratchasima, Chaiyaphum, Khon Kaen and Mahasarakam were
+  especially affected by low rainfalls in the second half of
+  1986.
+      It said last November that the drought reduced total
+  national areas sown with paddy to some 8.25 mln hectares this
+  year, down from 8.84 mln a year ago.
+      The main crop represents about 85 pct of Thailand's paddy
+  output.
+  
+
diff --git a/reuters/training/1917 b/reuters/training/1917
new file mode 100644
index 0000000000000000000000000000000000000000..34cbc9ddcc63e0beaaebb27c7b17a5404576b5ca
--- /dev/null
+++ b/reuters/training/1917
@@ -0,0 +1,11 @@
+HOECHST GROUP PRE-TAX PROFIT FALLS IN 1986
+  Hoechst AG <HFAG.F> said its group
+  pre-tax profit in 1986 would be slightly lower than the 3.16
+  billion marks posted in 1985, while parent company pre-tax
+  profits rose slightly from the 1.62 billion in 1985.
+      Group turnover fell slightly to 38 billion marks from 42.72
+  billion in 1985, and parent company turnover fell to around 14
+  billion marks from 15.35 billion, the company said in a
+  statement.
+  
+
diff --git a/reuters/training/1918 b/reuters/training/1918
new file mode 100644
index 0000000000000000000000000000000000000000..269ffe0e9d1067a566ecaaf9a369deae7e720f06
--- /dev/null
+++ b/reuters/training/1918
@@ -0,0 +1,33 @@
+BHP TO FLOAT GOLD UNIT WITH ONE-FOR-THREE ISSUE
+  The Broken Hill Pty Co Ltd <BRKN.S>
+  (BHP) said it plans a renounceable one-for-three issue of
+  rights to float a new company, <BHP Gold Mines Ltd> (BHPGM),
+  which will hold most of BHP's gold interests.
+      In a statement BHP said the 25-cent par rights would be
+  priced at 50 cents for 430 mln of the BHPGM shares on offer.
+  BHP will subscribe for the remaining 540 mln shares, or 56 pct
+  of issued capital, on the same terms.
+      BHPGM will pay 440 mln dlrs for BHP's gold interests,
+  excluding its stake in Papua New Guinea's <Ok Tedi Mining Ltd>
+  and those interests held by BHP's <Utah International Inc>.
+      The BHP statement said the issue will be made to
+  shareholders registered on March 27. It opens April 4 and
+  closes April 29, and is underwritten by <J.B. Were and Son>.
+  Rights will be traded on Australian stock exchanges from March
+  23 to April 22, and the new shares will be quoted from June 4.
+      BHP said the new company will be one of Australia's larger
+  gold producers, with annual output exceeding 170,000 ounces. It
+  said there are plans to boost production to 300,000 ounces by
+  the early 1990s. BHPGM's portfolio will include several
+  Australian mines -- 30 pct of Telfer, 100 pct of Ora Banda and
+  Browns Creek and 20 pct of the new Boddington development.
+      The statement said BHPGM would also hold BHP's 45 pct stake
+  in the Coronation Hill Property in the Northern Territory, and
+  its 55 pct stake in a new venture near Gympie, Queensland.
+      BHPGM chairman-designate John Gough said it was a quality
+  gold stock.
+      "The diversity and depth of BHP Gold's portfolio ... Give
+  the company a sound foundation in current gold production and
+  an exciting potential for growth," he said.
+  
+
diff --git a/reuters/training/1919 b/reuters/training/1919
new file mode 100644
index 0000000000000000000000000000000000000000..a2652a4730a4184dbb8afb496a05f84439cb5407
--- /dev/null
+++ b/reuters/training/1919
@@ -0,0 +1,76 @@
+HK BANK EXPECTED TO POST 10 TO 13 PCT PROFIT RISE
+  The Hongkong and Shanghai Banking Corp
+  <HKBH.HK> is likely to show a rise in profit of between 10 and
+  13 pct for 1986, reflecting stronger than expected loan growth,
+  share analysts polled by Reuters said.
+      Their estimates of the bank's net earnings for last year
+  ranged from 2.99 to 3.1 billion H.K. Dlrs. Results will be
+  announced on Tuesday. The 1985 net profit was 2.72 billion.
+      They forecast a final dividend of 29 cents for a total of
+  42 cents for the year against 38 cents in 1985, adjusted for a
+  one-for-five bonus issue.
+      Analysts said they expected the bank to recommend a bonus
+  issue this year, probably one for three or one for five.
+      The bank's 61.5 pct subsidiary Hang Seng Bank Ltd <HSGH.HK>
+  is to report its 1986 results on Friday.
+      Analysts expect Hang Seng to announce net profit of more
+  than one billion dlrs for the first time, an increase of 10 to
+  12 pct.
+      They expect Hang Seng to pay a final dividend of 1.37 dlrs
+  for a total of 1.75 dlrs for the year against 1.60 in 1985.
+      Analysts said that while the use of undisclosed inner
+  reserves by banks here makes forecasting very imprecise,
+  Hongkong Bank benefited from the unexpected strength of the
+  Hong Kong economy in 1986, when gross domestic product grew by
+  nearly nine pct against an initial forecast of 4.5 pct.
+      "They benefited considerably from the pickup in loan demand,
+  as their loan portfolio is well balanced," an analyst at Mansion
+  House Securities (F.E.) Ltd said.
+      Government figures show that total loans and advances rose
+  by 13.8 pct in 1986, compared with a 4.5 pct increase in 1985.
+      Loans to finance Hong Kong's visible trade, the mainstay of
+  the local economy, rose by 15.1 pct against a decline of five
+  pct in 1985.
+      Low interest rates also helped the bank. Interest received
+  on loans was low, with the prime rate at 6.5 pct at end-1986,
+  but interest paid on savings was two pct. Hongkong Bank and
+  Hang Seng Bank control half of all deposits in the banking
+  system, giving them access to a large base of low-cost funds.
+      The strength of the real-estate market was another major
+  income source for the bank group. Loans to finance property
+  development and instalment mortgages rose sharply.
+      "The Hongkong Bank group is still the leader in mortgage
+  business despite tough competition from the Bank of China group
+  and other foreign banks," one analyst said.
+      The high level of activity on the capital and equities
+  markets in 1986 contributed to a sharp improvement in Hongkong
+  Bank subsidiaries Wardley Ltd <WAIA.HK> and <James Capel and
+  Co>, analysts said. "Wardley had a tremendous year acting as
+  financial adviser and underwriter," an analyst said.
+      Wardley was underwriter for last year's billion-dlr
+  flotation of <Cathay Pacific Airways Ltd>, of which Hongkong
+  Bank owned 30 pct at the time.
+      The bank's stake has since been cut to 16.4 pct in return
+  for 1.57 billion dlrs. It also sold its entire 48.8 pct stake
+  in <South China Morning Post Ltd>, the larger of two
+  English-language daily newspapers here, for 1.18 billion dlrs.
+      The proceeds will go to reserves for acquisitions and will
+  not show up in the profit and loss accounts, analysts said.
+      Analysts said the bank had also been helped by a reduced
+  need to write off bad debts. "The need for provisions was much
+  lower than the year before," said Tony Measor of Hong Leong
+  Securities Co Ltd. "Last year's profits should have been 2.8 to
+  2.9 billion dlrs if not for the huge provisions."
+      Former Hongkong Bank chairman Michael Sandberg said the
+  bank wrote off hundreds of millions of dollars against its
+  shipping exposure in 1985. Lesley Nickolds of County Securities
+  Asia Ltd said she saw no major shipping writeoffs in 1986. She
+  forecast profit of 2.99 billion dlrs.
+      The bank's Latin American exposure, mainly through its
+  51-pct owned Marine Midland Banks Inc <MM>, appears to have
+  improved substantially, analysts said. Marine Midland's 1986
+  fourth-quarter loan-loss provisions fell to 44.1 mln U.S. Dlrs
+  from 89.2 mln a year before. Its 1986 net profit rose to 145
+  mln U.S. Dlrs from 125 mln in 1985.
+  
+
diff --git a/reuters/training/1920 b/reuters/training/1920
new file mode 100644
index 0000000000000000000000000000000000000000..a276d02e2e3c0cbd00e15815210f5ccbc857af04
--- /dev/null
+++ b/reuters/training/1920
@@ -0,0 +1,21 @@
+HUGHES TOOL DIRECTORS REJECT MERGER WITH BAKER
+  The directors of Hughes Tool Co
+  <HT> said they would recommend to shareholders that they reject
+  a merger with Baker International Corp <BKO> today.
+      Hughes vice-president Ike Kerridge said the recommendation
+  would be put to shareholders at a meeting scheduled for 10 A.M.
+  Local time (1600 GMT) to discuss the proposed merger.
+      Kerridge said the board met yesterday to discuss the merger
+  but decided against it.
+      The Hughes board objected to a U.S. Department of Justice
+  requirement that Baker sell off several specialised
+  subsidiaries in businesses related to oil-drilling.
+      The Hughes board last week indicated that it might cancel
+  the merger because of the Department of Justice requirement.
+      The board of directors of the California-based Baker had
+  approved the merger. On February 17 Baker said it had signed an
+  agreement to sell one of the subsidiaries.
+      The companies had been given until April 22 to comply with
+  the Justice Department requirement, Kerridge said.
+  
+
diff --git a/reuters/training/1924 b/reuters/training/1924
new file mode 100644
index 0000000000000000000000000000000000000000..c86ab93b8c786322812598fb8fe54f20c7fa5b35
--- /dev/null
+++ b/reuters/training/1924
@@ -0,0 +1,12 @@
+CANON INC (CANN.T) YEAR ENDED DECMEBER 31
+  Group shr 18.34 yen vs 58.72
+      Net 10.73 billion yen vs 37.06 billion
+      Pretax 27.76 billion yen vs 84.78 billion
+      Operating 30.06 billion yen vs 88.81 billion
+      Sales 889.22 billion vs 955.78 billion
+      Note - The company attributed the profit fall largely to
+  the yen's appreciation during the period. Domestic sales rose
+  0.4 pct to 274.17 billion yen from a year earlier while exports
+  declined 9.9 pct to 615.04 billion.
+  
+
diff --git a/reuters/training/1926 b/reuters/training/1926
new file mode 100644
index 0000000000000000000000000000000000000000..af42efc63e13a9d8aa22e4c1434fbd816d4c6e44
--- /dev/null
+++ b/reuters/training/1926
@@ -0,0 +1,68 @@
+NEW CURRENCY PROBLEM SEEN AMONG U.S, EUROPE, JAPAN
+  The highly visible drama involving the
+  yen's sharp rise against the U.S. Dollar is obscuring the fact
+  that the Japanese currency has hardly budged against major
+  European currencies, thus creating a new set of exchange rate
+  distortions, Japanese and European research officials said.
+      The officials, looking beneath the rhetoric of statements
+  by the Group of Five (G-5) industrial nations, told Reuters the
+  currency movements of the past two years are also creating a
+  fundamentally new world trade picture, which is throwing up new
+  trade tensions and imbalances.
+      Trade figures show that the new currency alignments are
+  already changing the Japan-U.S. Trade axis into a Japan-
+  European Community (EC) axis, to the discomfort of Europe.
+      In many ways, not least in terms of rare international
+  cooperation, the September, 1985 New York Plaza pact between
+  the U.S., Japan, West Germany, Britain and France to cut down
+  the value of the dollar was a historic one.
+      But it is the underlying peaks and troughs of the major
+  currency movements which lay bare the real picture, in which
+  the Plaza pact appears as an event of prime importance, but not
+  necessarily central significance, the officials said.
+      The officials said that when the Plaza agreement took
+  place, the dollar was already on its way down. The agreement
+  simply helped it on its way. Senior EC financial expert in
+  Tokyo Tomas de Hora has watched the movements closely.
+      "You have to look at the dollar's peak compared with now,
+  and that was well before Plaza," he said.
+      On February 25, 1985, the dollar peaked against the yen at
+  263.15 yen. On September 20, the Friday before Plaza, it was
+  242. Since then, despite massive Bank of Japan intervention and
+  periodic market frights about further G-5 concerted action, the
+  dollar trend has been down, down, down.
+      Yet the ECU is now around 173.4 yen. The historical cross
+  rates for sterling and the mark tell much the same story. The
+  European currencies are moving back up against the yen.
+      The close relationship between exchange rates and trade
+  flows makes it difficult to see which is driving which, but
+  undoubtedly the trade equation between the big three is
+  changing. In 1986, Japanese imports and exports with the EC
+  both grew by around 50 pct in dollar terms, five pct in yen.
+  This gave Japan a 16 billion dlr trade surplus.
+      Last January, Japanese exports to the EC totalled half of
+  of sales to the U.S, against about a third in recent years.
+      Trade with the U.S in 1986 rose 23 pct for exports and 12
+  pct for imports in dollar terms, but fell 13 pct for exports
+  and 21 pct for imports in yen terms.
+      "The basic meaning for Europe is that Japanese firms have a
+  tremendous interest in exporting to Europe, where every unit
+  sold maximises profits in yen terms, which is what is important
+  to them. Suddenly, instead of the U.S., It is Europe that is
+  laying the golden egg," said de Hora.
+      The EC is worried. EC business also had a remarkable year
+  in Japanese sales, but this can be explained partly due to its
+  start from a small base, compared with total Japan-U.S. Trade.
+      The Japanese think EC firms are now more competitive than
+  U.S. Firms, a factor which is aggravating the exchange rate
+  imbalance, and which will cause problems.
+      "This currency alignment between Japan and the EC is
+  reflecting the excellent performance of the EC countries. But
+  therefore, Japanese goods may keep their price competitive
+  edge," said Azusa Hayashi, Director of the First International
+  Economic Affairs Division of the Foreign Ministry. "If you want
+  my objective view, I don't expect a drastic improvement in our
+  trade imbalance. Last year, we asked for moderation in exports,
+  and this year we may have to do so again," he said.
+  
+
diff --git a/reuters/training/1929 b/reuters/training/1929
new file mode 100644
index 0000000000000000000000000000000000000000..6fb29cd7cfd5fa1a10e4eaa58f8b7a4f93d62345
--- /dev/null
+++ b/reuters/training/1929
@@ -0,0 +1,8 @@
+THAI TIN EXPORTS RISE IN JANUARY
+  Thailand exported 1,816 tonnes of tin
+  metal in January, up from 1,731 in December and 1,330 a year
+  ago, the Mineral Resources Department said.
+      It said major buyers last month were Singapore, Japan,
+  Britain, the Netherlands, Malaysia and the U.S.
+  
+
diff --git a/reuters/training/193 b/reuters/training/193
new file mode 100644
index 0000000000000000000000000000000000000000..89c80044c3340249ff77526f76948f4d34d0fe67
--- /dev/null
+++ b/reuters/training/193
@@ -0,0 +1,17 @@
+USDA SAID UNLIKELY TO BROADEN CORN BONUS OFFER
+  The U.S. Agriculture Department
+  probably will not offer a two dlr per bushel bonus payment to
+  corn farmers for any erodible cropland they enrolled in the
+  conservation reserve program last year, an aide to USDA
+  Secretary Richard Lyng said.
+      Sen. Charles Grassley (R-Iowa) said yesterday that Lyng had
+  indicated he would consider giving those farmers the same two
+  dlr bonus offered corn farmers who are signing up for the 1987
+  program this month.
+      But the aide to Lyng said it was doubtful that the
+  department would offer a retroactive bonus to farmers who
+  enrolled land in the 10-year conservation reserve last year.
+      "How are you going to stop the tide," he said, referring to
+  demands that would follow from other commodity groups.
+  
+
diff --git a/reuters/training/1931 b/reuters/training/1931
new file mode 100644
index 0000000000000000000000000000000000000000..ce3e802a24e16494f18683519db94a6c9689bb2f
--- /dev/null
+++ b/reuters/training/1931
@@ -0,0 +1,13 @@
+U.K. MONEY MARKET OFFERED EARLY ASSISTANCE
+  The Bank of England said it had invited
+  an early round of bill offers from the discount houses. The
+  Bank forecast the shortage in the system today at around 1.15
+  billion stg.
+      Among the main factors affecting liquidity, bills maturing
+  in official hands and the take-up of treasury bills will drain
+  some 732 mln stg and exchequer transactions some 245 mln. In
+  addition, bankers' balances below target and a rise in note
+  circulation will drain a further 135 mln stg and 30 mln stg
+  respectively.
+  
+
diff --git a/reuters/training/1932 b/reuters/training/1932
new file mode 100644
index 0000000000000000000000000000000000000000..057c0b12c20872e854d4d42eb78b166a8782cdd0
--- /dev/null
+++ b/reuters/training/1932
@@ -0,0 +1,14 @@
+BELGOLUX TRADE MOVES INTO SURPLUS IN 1986
+  The Belgo-Luxembourg Economic Union
+  (BLEU) moved into a narrow trade surplus of 4.7 billion francs
+  in 1986 after a 140.4 billion franc deficit in 1985, figures
+  given by a spokesman for the National Statistics Institute
+  show.
+      He said imports fell last year to 3,061.8 billion francs
+  from 3,304.1 in 1985 while exports were also lower at 3,066.6
+  billion francs against 3,163.7 billion.
+      In December, the BLEU had an 11.9 billion franc trade
+  surplus after a 10.9 billion franc surplus in November and a
+  2.3 billion franc surplus in December 1985.
+  
+
diff --git a/reuters/training/1933 b/reuters/training/1933
new file mode 100644
index 0000000000000000000000000000000000000000..17d12d418cd38c414dd395e4d625cdf12a6d6260
--- /dev/null
+++ b/reuters/training/1933
@@ -0,0 +1,35 @@
+SPAIN RAISES BANKS' RESERVE REQUIREMENT
+  The Bank of Spain said it raised the
+  reserve requirement for banks and savings banks to 19 pct of
+  deposits from 18 pct to drain excess liquidity which threatened
+  money supply and inflation targets.
+      In a statement issued late last night, the central bank
+  said the measure would take effect from March 13.
+      "In recent weeks, there has been excess liquidity in the
+  Spanish economy which, if not controlled, would threaten the
+  monetary and inflation targets set by the government," the
+  statement said.
+      Banking sources said the measure would drain about 200
+  billion pesetas from the system. The maximum reserve
+  requirement allowed by law is 20 pct.
+      The move follows a half-point increase yesterday in the
+  Bank of Spain's key overnight call money rate, which now stands
+  at 13.5 pct. At today's auction, however, the bank left the
+  rate unchanged.
+      Spain's principal measure of money supply, the broad-based
+  liquid assets in public hands (ALP), grew at annualised rate of
+  8.3 pct in January compared with 11.4 pct during the whole of
+  1986 and a target of eight pct for 1987.
+      Banking sources said that although the January money supply
+  figures were good, compared with annualised rates of 13.9 pct
+  in December and 10.2 pct in January 1986, ALP growth appeared
+  to have accelerated in February, raising government concern.
+      Regarding inflation, recent figures have suggested that
+  prices were under control.
+      Secretary of State for Trade, Miguel Angel Fernandez
+  Ordonez, said this week that the annualised inflation rate for
+  February, not yet officially announced, fell to 5.5 pct from
+  six pct in January, compared with inflation of 8.3 pct during
+  1986 and a government target of five pct for this year.
+  
+
diff --git a/reuters/training/1934 b/reuters/training/1934
new file mode 100644
index 0000000000000000000000000000000000000000..b8f88278aa71b35297e675a2f812ee107d8f8535
--- /dev/null
+++ b/reuters/training/1934
@@ -0,0 +1,13 @@
+INDIA AND JAPAN TO DISCUSS IRON ORE PRICES
+  The state-owned Minerals and Metals
+  Trading Corp will send a team to Japan next week to negotiate
+  an iron ore export contract for 1987/88 beginning April 1,
+  trade sources said.
+      Japan, the biggest buyer of Indian iron ore with imports of
+  around 23 mln tonnes a year, has asked India to reduce prices
+  from the current average of 18 dlrs a tonne, the sources said.
+      "Japan has said it may be forced to reduce ore imports from
+  India next year if New Delhi fails to reduce the price," one
+  source said, but declined to give further details.
+  
+
diff --git a/reuters/training/194 b/reuters/training/194
new file mode 100644
index 0000000000000000000000000000000000000000..5693f9caf4c9e86fc7174b77985b6ddc3358fb50
--- /dev/null
+++ b/reuters/training/194
@@ -0,0 +1,11 @@
+MARATHON PETROLEUM REDUCES CRUDE POSTINGS
+  Marathon Petroleum Co said it reduced
+  the contract price it will pay for all grades of crude oil one
+  dlr a barrel, effective today.
+      The decrease brings Marathon's posted price for both West
+  Texas Intermediate and West Texas Sour to 16.50 dlrs a bbl. The
+  South Louisiana Sweet grade of crude was reduced to 16.85 dlrs
+  a bbl.
+      The company last changed its crude postings on Jan 12.
+  
+
diff --git a/reuters/training/1940 b/reuters/training/1940
new file mode 100644
index 0000000000000000000000000000000000000000..849bcbf72f97124009f0c524333d73927c4cc13a
--- /dev/null
+++ b/reuters/training/1940
@@ -0,0 +1,29 @@
+TAIWAN FOREIGN EXCHANGE RESERVES HIT NEW HIGH
+  Taiwan's foreign exchange reserves hit a
+  new high of more than 51 billion U.S. Dlrs on March 4, compared
+  with 50 billion in mid-February and 25.1 billion a year
+  earlier, the central bank said.
+      Bank governor Chang Chi-Cheng told reporters the increase
+  came mainly from the bank's purchases of more than one billion
+  U.S. Dlrs on the local interbank market between February 18 and
+  March 4.
+      He said the rise showed signs of slowing, however, because
+  Taiwan has liberalised import policy and expects its trade
+  surplus to decline over the next few months as a result.
+      Chang declined to predict how high the reserves might rise,
+  but local economists have forecast they will hit 60 billion
+  U.S. Dlrs by the end of 1987.
+      In January, Taiwan reduced import tariffs of up to 50 pct
+  on some 1,700 foreign products. It had been under growing U.S.
+  Pressure to cut its 1986 record 13.6 billion dlr trade surplus
+  with the U.S. Taiwan's 1985 surplus with the U.S. Was 10.2
+  billion, according to official statistics.
+      Wang Chang-Ming, Vice Chairman of the Council for Economic
+  Planning and Development, told Reuters the government is
+  planning another round of deep tariff cuts in the second half
+  of this year.
+      The reserves could support imports of more than two years
+  for Taiwan, compared with about three months for Japan and the
+  U.S.
+  
+
diff --git a/reuters/training/1942 b/reuters/training/1942
new file mode 100644
index 0000000000000000000000000000000000000000..4a673db92612c291862097d48bba4c4d26096b05
--- /dev/null
+++ b/reuters/training/1942
@@ -0,0 +1,25 @@
+BELGIAN ECU COIN ISSUE PRICED, SALE DATE SET
+  A limited Belgian issue of silver Ecu
+  coins with a face value of five Ecus will go on sale from March
+  23 at a price of 500 Belgian francs each, a Finance Ministry
+  spokesman said.
+      Gold Ecu coins with a face value of 50 Ecus will be sold
+  from the same day. The spokesman told Reuters the price for
+  these would be fixed just before they go on sale but was likely
+  to be between 8,500 and 9,000 francs.
+      At least two mln silver coins and several hundreds of
+  thousands of the gold coins will be minted, he said. They will
+  be sold both in Belgium and abroad.
+      The coins will be the first ever denominated in the Ecu,
+  the "basket" comprised of the 12-nation European Community's
+  currencies except the Spanish peseta and the Portuguese escudo.
+      The issue is being made to mark the 30th anniversary of the
+  EC's founding Treaty of Rome this month. Finance Minister Mark
+  Eyskens, who currently presides over the EC's council of
+  economic and finance ministers, has called the issue a
+  political act of symbolic value which aimed to make the
+  Community's goal of monetary integration more concrete.
+      The coins will be legal tender in Belgium but most demand
+  is expected to come from coin collectors.
+  
+
diff --git a/reuters/training/1943 b/reuters/training/1943
new file mode 100644
index 0000000000000000000000000000000000000000..fbcece95c01a293fe3126516b15e068483028088
--- /dev/null
+++ b/reuters/training/1943
@@ -0,0 +1,10 @@
+U.K. MONEY MARKET GIVEN 17 MLN STG EARLY HELP
+  The Bank of England said it provided just
+  17 mln stg assistance to the money market in response to an
+  early round of bill offers.
+      Earlier, the Bank had estimated the shortage in the system
+  today at around 1.15 billion stg.
+      The central bank purchased bills for resale to the market
+  on April 2 at an interest rate of 10-15/16 pct.
+  
+
diff --git a/reuters/training/1946 b/reuters/training/1946
new file mode 100644
index 0000000000000000000000000000000000000000..0372f9d7de9034752d531dd9c7344eb5b69a1063
--- /dev/null
+++ b/reuters/training/1946
@@ -0,0 +1,23 @@
+FIRS SLIGHTLY RAISES EC BEET SUGAR OUTPUT ESTIMATE
+  The French sugar market intervention
+  board, FIRS, raised its estimate of 1986/87 beet sugar
+  production in the 12-member European Community to 13.76 mln
+  tonnes white equivalent in its end-February report from 13.74
+  mln a month earlier.
+      Its forecast for total EC sugar production, including cane
+  and molasses, rose to 14.10 mln tonnes from 14.09 mln.
+  Portugal, which joined the Community in January 1986, was
+  estimated at 12.75 mln tonnes white equivalent, unchanged from
+  the previous forecast and compared with 12.41 mln tonnes for
+  1985/86.
+      Production for the current campaign in Spain was higher
+  than reported last month at 1.03 mln tonnes compared with
+  997,000 tonnes.
+      Beet sugar production, expressed as white equivalent, was
+  estimated at 3.44 mln tonnes in France, 3.17 mln tonnes in West
+  Germany, 1.72 mln in Italy, 1.30 mln in Britain, 1.22 mln in
+  the Netherlands, 936,000 tonnes in Belgium/Luxembourg, 499,000
+  in Denmark, 287,000 in Greece, 183,000 in Ireland and 4,000 in
+  Portugal.
+  
+
diff --git a/reuters/training/1948 b/reuters/training/1948
new file mode 100644
index 0000000000000000000000000000000000000000..c9586a1bb6277f414d7efa91785892586ea4d811
--- /dev/null
+++ b/reuters/training/1948
@@ -0,0 +1,24 @@
+PAPUA NEW GUINEA PLANS RESOURCES INVESTMENT AGENCY
+  The Papua New Guinea Government
+  will establish a public corporation to invest in resources
+  projects, Minerals and Energy Minister John Kaputin said.
+      "We intend to provide a means through which less privileged
+  individuals can become part owners and beneficiaries from the
+  development of mining and petroleum projects," he told
+  Parliament.
+      Existing policy allowing the state up to 30 pct equity in
+  major mining projects and 22.5 pct in oil and gas projects
+  would be maintained, he said. The planned agency could take
+  over the state's equity in current developments.
+      Kaputin said Papua New Guinea was experiencing a boom with
+  exploration companies spending about 60 mln kina annually on
+  about 150 mining and 23 petroleum projects.
+      "The Government is determined to ensure that Papua New
+  Guinean ownership in minerals and petroleum projects increases
+  in an orderly way," he said.
+      Kaputin did not say when the corporation would be
+  established or exactly what form it would take, but said the
+  government would study whether it should be directly involved
+  in exploration or development.
+  
+
diff --git a/reuters/training/1949 b/reuters/training/1949
new file mode 100644
index 0000000000000000000000000000000000000000..421d29e321e3a88389d018a922fee70db29ce1ac
--- /dev/null
+++ b/reuters/training/1949
@@ -0,0 +1,21 @@
+NIGERIAN CURRENCY FIRMS AT LATEST AUCTION
+  The Nigerian naira firmed 2.6 pct against
+  the dollar after 17 banks were disqualified from bidding at
+  today's weekly foreign exchange auction, the central bank said.
+  The naira finished at 3.8050 to the dollar, against 3.9050 last
+  week.
+      Only 38.39 mln dlrs of the 50 mln dlrs on offer was sold,
+  with all 27 bidding banks successfully obtaining hard currency.
+      The effective rate, including a central bank levy, for
+  transactions in the coming week, was 3.8241 against 3.9246 last
+  week.
+      The failure to sell the whole allocation was due to the
+  central bank's unprecedented disqualification of 17 banks as
+  punishment for inadequate documentation in previous
+  transactions.
+      Banks are required to submit proof that their bids are
+  based on valid commercial transactions and the central bank has
+  complained in the past that many are failing to produce the
+  right paperwork within the specified time.
+  
+
diff --git a/reuters/training/1951 b/reuters/training/1951
new file mode 100644
index 0000000000000000000000000000000000000000..e44342b7592090549bb9f4bd140e4fcdd8c2be45
--- /dev/null
+++ b/reuters/training/1951
@@ -0,0 +1,23 @@
+U.S. TELLS JAPAN TO DO MORE TO CUT TRADE SURPLUS
+  U.S. Undersecretary of State for Economic
+  Affairs Allen Wallis said he had urged Japan to do much more to
+  reduce its large trade surplus with the United States.
+      "Our central message to Japan this week was that while we
+  have made progress in some areas, much needs to be done," he
+  told a press conference after three days of talks.
+      "What we need is a resolution of trade issues, we need
+  visible efforts to restructure the economy to encourage more
+  imports and we need greater domestic-led growth."
+      Forecasting sluggish economic growth in Japan this year,
+  Wallis urged Tokyo to stimulate domestic demand to help reduce
+  its trade surplus, which hit a record 83 billion dlrs in 1986.
+      He named several areas of particular concern to Washington
+  -- computer microchips, supercomputers, Kansai airport,
+  agricultural products and car telephones.
+      He warned that the U.S./Japan agreement governing trade in
+  semiconductors was in jeopardy. Despite the pact, Japanese
+  producers are still dumping microchips in foreign markets other
+  than the United States while U.S. Penetration of the Japanese
+  market has not increased, he said.
+  
+
diff --git a/reuters/training/1952 b/reuters/training/1952
new file mode 100644
index 0000000000000000000000000000000000000000..2ad9452abec7543b46646016410cbdf137c03eca
--- /dev/null
+++ b/reuters/training/1952
@@ -0,0 +1,13 @@
+TAIWAN BUYS 60,000 TONNES OF U.S. MAIZE
+  The joint committee of Taiwan's maize
+  importers has awarded contracts to two U.S. Companies to supply
+  two shipments of maize, totalling 60,000 tonnes, a committee
+  spokesman told Reuters.
+      Continental Grain Co of New York received the first 30,000
+  tonne cargo contract, priced at 93.86 U.S. Dlrs per tonne,
+  while Peavey Co of Minneapolis won the second shipment, also
+  30,000 tonnes, at 93.36 dlrs per tonne.
+      Both shipments are c and f Taiwan and are set before March
+  16, the spokesman said.
+  
+
diff --git a/reuters/training/1959 b/reuters/training/1959
new file mode 100644
index 0000000000000000000000000000000000000000..e8d4cb6a2976c0d9ad04f0df6b8220eed2a0ac0d
--- /dev/null
+++ b/reuters/training/1959
@@ -0,0 +1,58 @@
+GERMAN ECONOMIC OUTLOOK SEEN FAIRLY BRIGHT
+  The outlook for the West
+  German economy is relatively bright, with gross national
+  product expected to expand by three pct this year, Kiel
+  University's Institute for World Economy said.
+      The GNP forecast by the institute, one of five leading
+  economic research bodies in West Germany, is more optimistic
+  than that of the other institutes, some of which have recently
+  reduced their GNP forecasts to between two and 2.5 pct.
+      In a report the Kiel institute said West Germany's export
+  outlook has not deteriorated fundamentally despite the mark's
+  strength against the dollar and other major currencies.
+      "The danger that exports will slump in 1987 appears, all in
+  all, limited," the report said. "On the contrary, a slight rise
+  in exports can be expected."
+      The institute said past experience has shown West German
+  exporters will move to counterbalance currency factors by
+  cutting costs, trying to penetrate new markets and adjusting
+  their product ranges.
+      They will be aided in 1987 by an expected slight rise in
+  economic growth in industrial countries. At the same time, the
+  decline in exports to oil producing countries looks set to slow
+  this year.
+      West German GNP growth in 1987 will be led by renewed
+  advances in domestic consumption and investment spending, both
+  of which will in turn be buoyed by an expansionary monetary
+  policy, the institute said.
+      However, it said the labour market would see only a slight
+  improvement because companies will be reluctant to hire
+  additional workers due to higher labour costs caused partly by
+  agreed reductions in working hours.
+      The institute cautioned that the expansionary stance of
+  monetary policy in West Germany was likely to bring a marked
+  acceleration of inflation.
+      It also warned that what it called the worldwide
+  synchronization of monetary policy heightened the risk of a new
+  global recession. It said central banks in industrialized
+  countries, including the Bundesbank, had followed the Federal
+  Reserve Board's expansionary course.
+      The institute said this in turn was bound to lead
+  eventually to a rise in worldwide inflation and a shift in U.S.
+  Policy towards a more restrictive policy. Other central banks
+  were likely to follow suit, causing a recession that could
+  aggravate the debt crisis of developing countries as well as
+  increase protectionism around the world.
+      Although Germany cannot entirely shield itself from the
+  negative effects of the global synchronization of monetary
+  policy, it should do all it can to strengthen the forces of
+  growth at home.
+      The institute said this could be done by ensuring that
+  fiscal policy fosters a willingness to work and invest. Taxes
+  should be cut by a greater amount than currently planned, and
+  wage increases in 1987 and 1988 should be markedly lower than
+  in 1986. It also said the Bundesbank should reduce inflationary
+  pressures by cutting the current rate of growth in money supply
+  to about four pct.
+  
+
diff --git a/reuters/training/196 b/reuters/training/196
new file mode 100644
index 0000000000000000000000000000000000000000..6765b4a4253c71e274f161e359fa0eb9bc36dd81
--- /dev/null
+++ b/reuters/training/196
@@ -0,0 +1,6 @@
+<GEORGE WESTON LTD> YEAR NET
+  Shr 2.31 dlrs vs 1.96 dlrs
+      Net 119.0 mln vs 101.0 mln
+      Revs 10.03 billion vs 8.88 billion
+  
+
diff --git a/reuters/training/1960 b/reuters/training/1960
new file mode 100644
index 0000000000000000000000000000000000000000..e4904a0878b4afda6b742301ad50975fba774260
--- /dev/null
+++ b/reuters/training/1960
@@ -0,0 +1,30 @@
+CREDITOR BANKS MAY BUY INTO SINGAPORE COFFEE FIRM
+  The nine creditor banks of the
+  Singapore coffee trader <Teck Hock and Co (Pte) Ltd> are
+  thinking of buying a controlling stake in the company
+  themselves, a creditor bank official said.
+      Since last December the banks have been allowing the
+  company to postpone loan repayments while they try to find an
+  overseas commodity company to make an offer for the firm.
+      At least one company has expressed interest and
+  negotiations are not yet over, banking sources said.
+      However, the banks are now prepared to consider taking the
+  stake if they find an investor willing to inject six to seven
+  mln dlrs in the company but not take control, the banking
+  sources said.
+      Teck Hock's financial adviser, Singapore International
+  Merchant Bankers Ltd (SIMBL), will work on the new proposal
+  with the creditor banks, they said.
+      Major holdings are likely to be held by the two largest
+  creditor banks, Standard Chartered Bank <STCH.L> and
+  Oversea-Chinese Banking Corp Ltd <OCBM.SI>, they added.
+      Teck Hock owes over 100 mln Singapore dlrs and the creditor
+  banks earlier this week agreed to let Teck Hock fufill
+  profitable contracts to help balance earlier losses.
+      The nine banks are Oversea-Chinese Banking Corp Ltd, United
+  Overseas Bank Ltd <UOBM.SI>, <Banque Paribas>, <Bangkok Bank
+  Ltd,> <Citibank NA>, Standard Chartered Bank Ltd, Algemene Bank
+  Nederland NV <ABNN.AS>, Banque Nationale De Paris <BNPP.PA> and
+  <Chase Manhattan Bank NA.>
+  
+
diff --git a/reuters/training/1961 b/reuters/training/1961
new file mode 100644
index 0000000000000000000000000000000000000000..e48c26f2885544c90cefbd025d682acfc69687af
--- /dev/null
+++ b/reuters/training/1961
@@ -0,0 +1,5 @@
+U.K. 4TH QTR TRADE DEFICIT 2.6 BILLION STG, CURRENT ACCOUNT DEFICIT 760 MLN - OFFICIAL
+
+  U.K. 4TH QTR TRADE DEFICIT 2.6 BILLION STG, CURRENT ACCOUNT DEFICIT 760 MLN - OFFICIAL
+  
+
diff --git a/reuters/training/1963 b/reuters/training/1963
new file mode 100644
index 0000000000000000000000000000000000000000..494bc919c4e1eb2f83ad22142b2b8bf1d176aab7
--- /dev/null
+++ b/reuters/training/1963
@@ -0,0 +1,100 @@
+ECONOMIC SPOTLIGHT - POLISH SANCTIONS
+  Poland says U.S. Sanctions have cost its
+  economy 15 billion dlrs and has made clear it wants Washington
+  to take a lead in repairing the damage after lifting remaining
+  restrictions two weeks ago.
+      Polish officials are unable to provide a precise breakdown
+  of the figure, saying it takes into account a number of
+  hypothetical losses. Some of them are "too sophisticated to
+  convert into financial terms," one banking source said.
+      But Western economic experts say the effect of sanctions is
+  impossible to calculate.
+      They say it is blurred by the poor performance of Poland's
+  economy, and dismiss the 15 billion dlr figure as illusory.
+      "Sanctions have provided a very useful excuse for under-
+  achieving. They did have a bad effect, yes, but they only
+  contributed to largely internal, economic problems," one said.
+      The U.S. Imposed the measures and withdrew Most Favoured
+  Nation (MFN) trading status from Poland in 1982 in retaliation
+  for suppression of the Solidarity free trade union under
+  martial law. The estimated cost to the Polish economy was
+  originally devised several years ago by the Institute of
+  National Economy, an offshoot of the central planning
+  commission.
+      According to one Western envoy, an expert on Polish
+  economic affairs, it extrapolated 1979 information on growth
+  trends in trade with the United States, as well as increases in
+  credits from Western commercial and government lenders.
+      But the calculations were based on a time when trade was
+  booming and credits still flowed freely, he said, dismissing
+  the estimate as "a theoretical projection based on a high point,
+  which has no real scientific evaluation."
+      A foreign trade ministry official said Polish exports to
+  the U.S. In the late 1970s averaged around 400 mln dlrs
+  annually and had fallen by half since the sanctions were
+  imposed.
+      Imports have suffered, slumping from around 800 mln dlrs to
+  200 mln, as credits ran out. Poland has a dwindling trade
+  surplus with the West. Last year it was one billion dlrs
+  against a targeted 1.6 billion, official figures show.
+      Acknowledging that sanctions have lost Poland important
+  U.S. Markets -- including agricultural equipment, textiles,
+  chemicals and some foodstuffs -- Western economists say credits
+  dried up for economic not political reasons.  "Poland is
+  accusing the West of letting economic relations deteriorate for
+  political reasons," said one expert. "It's an illusion based on a
+  misunderstanding of Western economy."
+      "There's a limit to how much you can go on giving someone
+  who has no hope of repaying it," another said, adding that
+  Poland had benefited from a global phenomenon of easy credits
+  in the 1970s which were no longer today's reality.
+      Describing the 15 billion dlr assessment as "nebulous," one
+  diplomat said it also included losses of hypothetical orders
+  and setbacks to Polish research through the curbing of
+  scientific links and exchanges.  Western officials say the
+  lifting of sanctions and new MFN status will have little impact
+  on Poland, which has a hard currency debt of 33.5 billion dlrs
+  and lacks the means to modernise its industry.
+      "MFN doesn't really mean anything, only that Poland will not
+  be treated worse than other countries. It will be difficult to
+  regain access to the U.S. Market because different forces are
+  in play now," said one Western envoy.
+      He said Polish products were not competitive, and their
+  quality was too low. Trade wars and possible protectionist
+  measures amongst the U.S., Japan and Europe would also hamper
+  Poland's efforts to regain entry.
+      Deputy foreign trade minister Janusz Kaczurba recognised
+  this fact recently.
+      Kaczurba told the official PAP news agency recently, "Making
+  up our lost position will take a long time and be uncommonly
+  difficult, and in certain cases impossible... In a period of
+  two to three years it will be possible to increase the level of
+  exports by only about 100 mln dlrs."
+      While Poland is unlikely to seek compensation, it says it
+  has a "moral right" to assistance from the U.S. Which it says
+  imposed the sanctions illegally. But a Western economist said
+  "The argument that U.S. Sanctions were a unilateral torpedoing
+  of the Polish economy won't cut any ice. The Americans will
+  just reply that the Poles acted immorally in crushing
+  Solidarity."
+      Nevertheless, Polish National Bank head Wladyslaw Baka, in
+  talks in Washington last week with the International Monetary
+  Fund (IMF) and World Bank, made it clear that Poland was
+  looking for a lead from the United States.
+      He was quoted by PAP as saying that Poland would meet its
+  financial obligations to the United States, "but not in a short
+  time and not without a cooperative stand on the part of its
+  foreign economic partners."
+      He stressed that the U.S. "had a particular opportunity to
+  play a part in the cooperative policy of Poland's partners
+  interested in the settlement of Polish debt."
+      Putting it more sharply, one senior banking official blamed
+  Washington for obstructing talks with the World Bank, IMF and
+  Paris Club of Western creditor governments in recent years and
+  said it should now play a more positive role.
+      "As a major superpower the United States can influence
+  international organisations," he said, citing recent meetings
+  aimed at stabilising currencies as an example of the extent to
+  which Western nations were prepared to cooperate.
+  
+
diff --git a/reuters/training/1964 b/reuters/training/1964
new file mode 100644
index 0000000000000000000000000000000000000000..c28cfa78595ba2f88bd383f9cecd84543c78c1c3
--- /dev/null
+++ b/reuters/training/1964
@@ -0,0 +1,32 @@
+U.K. FOURTH QUARTER TRADE DEFICIT 2.6 BILLION STG
+  Britain had a visible trade deficit of
+  2.6 billion stg in the fourth quarter of 1986 against a revised
+  deficit of 2.9 billion in the third quarter, official
+  statistics show.
+      Seasonally-adjusted figures issued by the Central
+  Statistical Office (CSO) show the current account was in
+  deficit by 760 mln stg against an upwardly revised third
+  quarter shortfall of 930 mln.
+      For 1986 as a whole, visible trade was in deficit by 8.3
+  billion stg, sharply up from 1985's 2.2. Billion shortfall and
+  a 4.4 billion deficit in 1984.
+      Preliminary figures for invisible transactions in the
+  fourth quarter show a surplus 1.8 billion stg to give an
+  estimated surplus for 1986 of 7.2 billion. The fourth quarter
+  figure was in line with CSO projections released on Friday.
+      The third quarter invisibles surplus was revised down to
+  1.9 billion stg from 2.25 billion.
+      In 1985 the invisibles surplus was 5.1 billion stg.
+      The reduced deficit on visible trade in the fourth quarter
+  was due to an increase in the surplus on oil of 200 mln stg and
+  a reduction in the non-oil trade deficit of 100 mln, the CSO
+  said.
+      However, 1986's surplus on oil trade was 4.0 billion stg
+  lower than in 1985, while the deficit on non-oil trade
+  increased by 2.1 billion.
+      The figures were broadly in line with market expectations.
+      The CSO stressed that figures for invisible transactions,
+  particularly for the most recent quarters are liable to
+  substantial revisions as later information becomes available.
+  
+
diff --git a/reuters/training/1965 b/reuters/training/1965
new file mode 100644
index 0000000000000000000000000000000000000000..c9d1b77f3931256c2947a133f43cdddb27bfc42a
--- /dev/null
+++ b/reuters/training/1965
@@ -0,0 +1,12 @@
+BELGIAN WHOLESALE PRICES FALL IN JANUARY
+  Belgian wholesale prices fell by 5.9
+  pct in January from a year earlier after a 5.7 pct year on year
+  fall in December, figures from the economics ministry show.
+      A ministry spokesman said the wholesale price index, base
+  1953 and excluding value added tax, stood at 250.9 in January.
+  This compared with 251.9 in December, 265.5 in Janua~y, 1986
+  and 267.2 in December, 1985.
+      In January 1986, wholesale prices were 3.9 pct lower than a
+  year earlier.
+  
+
diff --git a/reuters/training/1966 b/reuters/training/1966
new file mode 100644
index 0000000000000000000000000000000000000000..c817c3a0c1f76ea067db33b9a882a9541e8172a8
--- /dev/null
+++ b/reuters/training/1966
@@ -0,0 +1,9 @@
+CARGILL U.K. STRIKE TALKS POSTPONED TILL MONDAY
+  Talks set for today between management
+  and unions to try to solve the labour dispute at Cargill U.K.
+  Ltd's Seaforth oilseed crushing plant have been rescheduled for
+  Monday, a company spokesman said.
+      Oilseed processing at the mill has been at a standstill
+  since December 19.
+  
+
diff --git a/reuters/training/1967 b/reuters/training/1967
new file mode 100644
index 0000000000000000000000000000000000000000..3f05bce3bad38af9f70da7c139eda37132d34a63
--- /dev/null
+++ b/reuters/training/1967
@@ -0,0 +1,43 @@
+FRENCH INTERVENTION RATE CUT LIKELY, DEALERS SAY
+  The Bank of France is likely to cut its
+  money market intervention rate by up to a quarter point at the
+  start of next week.  This follows a steady decline in the call
+  money rate over the past 10 days and signals from the Finance
+  Ministry that the time is ripe for a fall, dealers said.
+      The call money rate peaked at just above nine pct ahead of
+  the meeting of finance ministers from the Group of Five
+  industrial countries and Canada on February 22, which restored
+  considerable stability to foreign exchanges after several weeks
+  of turbulence.
+      The call money rate dropped to around 8-3/8 pct on February
+  23, the day after the Paris accord, and then edged steadily
+  down to eight pct on February 27 and 7-3/4 pct on March 3,
+  where it has now stabilised.
+      Dealers said the Bank of France intervened to absorb
+  liquidity to hold the rate at 7-3/4 pct.
+      While call money has dropped by well over a percentage
+  point, the Bank of France's money market intervention rate has
+  remained unchanged since January 2, when it was raised to eight
+  pct from 7-1/4 pct in a bid to stop a franc slide.
+      The seven-day repurchase rate has also been unchanged at
+  8-3/4 since it was raised by a half-point on January 5.
+      The Bank of France has begun using the seven-day repurchase
+  rate to set an upper indicator for money market rates, while
+  using the intervention rate to set the floor.
+      Sources close to Finance Minister Edouard Balladur said
+  that he would be happy to see an interest rate cut, and dealers
+  said any fall in the intervention rate was most likely to come
+  when the Bank of France buys first category paper next Monday,
+  although an earlier cut could not be excluded.
+     A cut in the seven-day repurchase rate could come as early
+  as tomorrow morning, banking sources said.
+      They said recent high interest rates have encouraged an
+  acceleration in foreign funds returning to France, discouraging
+  the authorities from making a hasty rate cut. But they also
+  pointed out that money supply is broadly back on target, giving
+  scope for a small fall in rates.
+      M-3 money supply, the government's key aggregate, finished
+  1986 within the government's three to five pct growth target,
+  rising 4.6 pct compared with seven pct in 1985.
+  
+
diff --git a/reuters/training/197 b/reuters/training/197
new file mode 100644
index 0000000000000000000000000000000000000000..e31045b64db8a2b11cada6c1599d7492f2b584c3
--- /dev/null
+++ b/reuters/training/197
@@ -0,0 +1,17 @@
+RELIEF TO U.S. CORN/OATS GROWERS SAID LIKELY
+  U.S. farmers who in the past have
+  grown oats for their own use but failed to certify to the
+  government that they had done so probably will be allowed to
+  continue planting that crop and be eligible for corn program
+  benefits, an aide to Agriculture Secretary Richard Lyng said.
+      Currently a farmer, to be eligible for corn program
+  benefits, must restrict his plantings of other program crops to
+  the acreage base for that crop.
+      Several members of Congress from Iowa have complained that
+  farmers who inadvertantly failed to certify that they had grown
+  oats for their own use in the past now are being asked to halt
+  oats production or lose corn program benefits.
+      USDA likely will allow historic oats farmers to plant oats
+  but not extend the exemption to all farmers, Lyng's aide said.
+  
+
diff --git a/reuters/training/1970 b/reuters/training/1970
new file mode 100644
index 0000000000000000000000000000000000000000..e0a88194c2e2f4703339f30510f6542ddc4101a6
--- /dev/null
+++ b/reuters/training/1970
@@ -0,0 +1,22 @@
+U.K. GRAIN/POTATO FUTURES VOLUME DOWN IN FEBRUARY
+  Traded volumes for U.K. Grain and potato
+  futures in February were down on the previous month while
+  pigmeat and pig cash settlement futures were higher, official
+  figures show.
+      Combined wheat and barley futures trade declined to 892,700
+  tonnes from 1.19 mln in January, and the value fell to 97 mln
+  stg from 129 mln, Grain and Feed Trade Association (GAFTA)
+  figures show.
+      A total of 984,960 tonnes were registered for main crop
+  potato futures in February valued at 157 mln stg, versus
+  992,760 and 164 mln stg in January.
+      Soymeal futures trade totalled 76,340 tonnes against 90,680
+  in January, and value declined to nine mln stg from 10 mln.
+      Nine pigmeat contracts were traded in February, six more
+  than in the previous month, representing 450 carcases against
+  150, valued at 29,347 stg against 9,847 stg.
+      Pig cash settlement futures saw 201 contracts traded,
+  against 19 in January, and the value rose to 659,864 stg from
+  119,610 stg.
+  
+
diff --git a/reuters/training/1971 b/reuters/training/1971
new file mode 100644
index 0000000000000000000000000000000000000000..0450285acb9878ffd1b34fb310f116f2e43d9da8
--- /dev/null
+++ b/reuters/training/1971
@@ -0,0 +1,8 @@
+BUNDESBANK LEAVES CREDIT POLICIES UNCHANGED
+  The Bundesbank left credit policies
+  unchanged after today's regular meeting of its council, a
+  spokesman said in answer to enquiries.
+      The West German discount rate remains at 3.0 pct, and the
+  Lombard emergency financing rate at 5.0 pct.
+  
+
diff --git a/reuters/training/1975 b/reuters/training/1975
new file mode 100644
index 0000000000000000000000000000000000000000..d9539109dedec63b49dd2bde66cdc5e4ae3896b0
--- /dev/null
+++ b/reuters/training/1975
@@ -0,0 +1,13 @@
+TURKEY TO IMPORT 100,000 TONNES OF CRYSTAL SUGAR
+  Turkey has announced a tender to import
+  100,000 tonnes of white crystal sugar with an advertisement in
+  local newspapers.
+      Turkish Sugar Factories said in the advertisement there was
+  a 50 pct option to increase or decrease the amount and bids
+  should reach it before March 24.
+      The semi-official Anatolian Agency recently quoted Turkish
+  Minister of Industry and Trade Cahit Aral as saying Turkey will
+  export 100,000 tonnes of sugar this year and import the same
+  amount.
+  
+
diff --git a/reuters/training/1976 b/reuters/training/1976
new file mode 100644
index 0000000000000000000000000000000000000000..b6fe9e14f93b77b5704128f28f17a68e6b792dd6
--- /dev/null
+++ b/reuters/training/1976
@@ -0,0 +1,14 @@
+U.K. MONEY MARKET GIVEN FURTHER SMALL ASSISTANCE
+  The Bank of England said it provided the
+  money market with a further 20 mln stg of assistance during the
+  morning. It again bought bills for resale to the market on
+  April 2 at a rate of 10-15/16 pct. Earlier this morning, it
+  bought 17 mln stg of bills at the same rate and for resale on
+  the same date.
+      The Bank has thus given a total of 37 mln stg so far today,
+  which leaves the bulk of a 1.15 billion stg shortage still in
+  the system. Dealers noted that money market rates again eased
+  this morning and the Bank may have refused bill offers from the
+  discount houses at rates below its established dealing levels.
+  
+
diff --git a/reuters/training/198 b/reuters/training/198
new file mode 100644
index 0000000000000000000000000000000000000000..5fe2b402b91ece5a60642a6dc4ae1904383f3a36
--- /dev/null
+++ b/reuters/training/198
@@ -0,0 +1,24 @@
+N.Z. MONEY SUPPLY RISES 3.6 PCT IN DECEMBER
+  New Zealand's broadly defined,
+  seasonally adjusted M-3 money supply grew an estimated 3.6 pct
+  in December after rising a revised 2.4 pct in November and 4.04
+  pct in December last year, the Reserve Bank said in a
+  statement.
+      It said unadjusted M-3 increased to an estimated 30.07
+  billion N.Z. Dlrs from a revised 28.30 billion in November and
+  25.53 billion in December 1985.
+      Year-on-year M-3 rose 17.77 pct from a revised 15.34 pct in
+  November and 20.50 pct in December 1985.
+      Narrowly defined year-on-year M-1 growth was 15.89 pct
+  against a revised 27.52 pct in November and 12.3 pct a year
+  earlier.
+      M-1 grew to an estimated 5.03 billion dlrs against a
+  revised 4.77 billion in November and 4.34 billion in December
+  1985.
+      Year-on-year private sector credit grew 30.68 pct in
+  December against a revised 22.30 pct in November and 23.2 pct
+  in December 1985. Private sector credit grew to 22.24 billion
+  dlrs from a revised 20.92 billion in November and 17.01 billion
+  in December 1985.
+  
+
diff --git a/reuters/training/1980 b/reuters/training/1980
new file mode 100644
index 0000000000000000000000000000000000000000..67c36b3a235cbb2406df51e116e9314490b947be
--- /dev/null
+++ b/reuters/training/1980
@@ -0,0 +1,12 @@
+ICE UNCHANGED AT SOVIET OIL PORT OF VENTSPILS
+  Ice conditions are unchanged at the
+  Soviet Baltic oil port of Ventspils, with continuous and
+  compacted drift ice 15 to 30 cms thick, the latest report of
+  the Finnish Board of Navigation said.
+      Icebreaker assistance to reach Ventspils harbour is needed
+  for normal steel vessels without special reinforcement against
+  ice, the report said.
+      It gave no details of ice conditions at the other major
+  Soviet Baltic export harbour of Klaipeda.
+  
+
diff --git a/reuters/training/1982 b/reuters/training/1982
new file mode 100644
index 0000000000000000000000000000000000000000..8d95910bd6ca027562bf2fc11c09a87d88b5eed1
--- /dev/null
+++ b/reuters/training/1982
@@ -0,0 +1,10 @@
+SWISS OFFERS NEW SERIES OF MONEY MARKET PAPER
+  The Swiss Finance Ministry is inviting
+  tenders for a new series of three-month money market
+  certificates to raise about 150 mln Swiss francs, the Swiss
+  National Bank said.
+      Bids would be due on March 10 and payment on March 12.
+      The last issue of three-month paper conducted on February
+  12 yielded 2.969 pct.
+  
+
diff --git a/reuters/training/1983 b/reuters/training/1983
new file mode 100644
index 0000000000000000000000000000000000000000..761a1112552661a15d62a27726b46a201ebc899c
--- /dev/null
+++ b/reuters/training/1983
@@ -0,0 +1,6 @@
+EGYPTIAN CENTRAL BANK DOLLAR RATE UNCHANGED
+  Egypt's Central Bank today set the dollar
+  rate for commercial banks for March 6 at 1.373/87 dollars,
+  unchanged from the previous rate.
+  
+
diff --git a/reuters/training/1987 b/reuters/training/1987
new file mode 100644
index 0000000000000000000000000000000000000000..ef93b469f254cf653ac9b46cbf63a88b356d155c
--- /dev/null
+++ b/reuters/training/1987
@@ -0,0 +1,5 @@
+BAKER INTERNATIONAL CORP SUES HUGHES TOOL SEEKING MERGER COMPLETION
+
+  BAKER INTERNATIONAL CORP SUES HUGHES TOOL SEEKING MERGER COMPLETION
+  
+
diff --git a/reuters/training/1989 b/reuters/training/1989
new file mode 100644
index 0000000000000000000000000000000000000000..b5a04cf5b547c2204425036d8c0d2b1db3333c91
--- /dev/null
+++ b/reuters/training/1989
@@ -0,0 +1,5 @@
+USAIR GROUP REJECTS TRANS WORLD AIRLINES TAKEOVER BID
+
+  USAIR GROUP REJECTS TRANS WORLD AIRLINES TAKEOVER BID
+  
+
diff --git a/reuters/training/199 b/reuters/training/199
new file mode 100644
index 0000000000000000000000000000000000000000..96c0ece252b6d5886f54bd6d9d80e89888f24df7
--- /dev/null
+++ b/reuters/training/199
@@ -0,0 +1,13 @@
+CIRCUIT SYSTEMS <CSYI> BUYS BOARD MAKER
+  Circuit Systems Inc said it has
+  bought all of the stock of (Ionic Industries Inc) in exchange
+  for 3,677,272 shares of its common.
+      Following the exchange there will be 4,969,643 shares of
+  Circuit Systems stock outstanding. Ionic holders will own about
+  74 pct of the outstanding stock of Circuit Systems, it said.
+      Ionic, a maker of circuit boards, had revenues of 8.4 mln
+  dlrs and pretax profits of 232,000 dlrs in 1986, up from
+  revenues of 5.9 mln and pretax profits of 204,000 dlrs in 1985,
+  Circuit Systems said.
+  
+
diff --git a/reuters/training/1990 b/reuters/training/1990
new file mode 100644
index 0000000000000000000000000000000000000000..827b085431b431573771f9959b4eb0b158609aa7
--- /dev/null
+++ b/reuters/training/1990
@@ -0,0 +1,63 @@
+EARLY MARCH OPEC OUTPUT SEEN WELL BELOW CEILING
+  OPEC crude oil output in the first few
+  days of March was running at about 14.7 mln bpd, down from a 16
+  mln bpd average for February and well below the 15.8 mln bpd
+  ceiling the group adopted in December, a Reuter survey shows.
+      The figures were polled by Reuters correspondents from oil
+  traders, industry executives and analysts in Europe, the Middle
+  East, Africa, Latin America and Asia.
+      They back recent statements by OPEC ministers that the
+  group is producing within its ceiling to support the return to
+  a fixed price system, which came into effect last month.
+      OPEC output for the whole of February was about 200,000 bpd
+  above the ceiling, largely because of overproduction by the
+  United Arab Emirates and Kuwait, the figures show.
+      The UAE, together with the much smaller producer Ecuador,
+  was also producing above quota in the first days of March, the
+  survey reveals.
+      But such overproduction was compensated for by a sharp fall
+  in Saudi Arabian output, together with Iran"s inability to
+  export as much as its quota allows.
+      Iraq rejected its OPEC quota of 1.466 mln bpd and produced
+  1.75 mln bpd in February and early March, the figures showed.
+      Saudi output -- excluding movements into stocks -- fell to
+  3.1 mln bpd in early March from 3.5 mln bpd in February,
+  against a 4.133 mln bpd quota. The Saudi figures include a
+  200,000 bpd share of Neutral Zone production.
+      Kuwait, which has consistently denied quota violations, was
+  estimated to be pumping 1.4 mln bpd in February and 1.15 in
+  early March -- both figures including 200,000 bpd as its share
+  of Neutral Zone output -- against its 948,000 bpd quota.
+      Reports of customer resistance to fixed prices set by some
+  OPEC states were reflected in output from Qatar and Nigeria,
+  both substantially under quota in February and early March.
+      Qatar's February output was 230,000 bpd, and this fell to
+  180,000 bpd in early March compared with its 285,000 bpd quota.
+      Industry sources say Japanese buyers are resisting Qatar"s
+  prices and Gulf Arab oil states have pledged to make up for any
+  shortfall in sales which a fellow Gulf state suffers.
+      Nigeria's early March output was about one mln bpd, down
+  from 1.14 mln bpd in February and its quota of 1.238 mln bpd.
+      Industry sources say Nigeria's customers believe its Bonny
+  grades are overpriced compared with compatible Brent crudes
+  from the U.K. North Sea.
+      Country-by-country production figures are as follows, in
+  mln bpd -
+   COUNTRY        CURRENT        FEBRUARY    QUOTA
+   ALGERIA        0.64           0.64        0.635
+   ECUADOR        0.26           0.26        0.210
+   GABON          0.15           0.15        0.152
+   INDONESIA      1.16           1.16        1.133
+   IRAN           1.80           2.20        2.255
+   IRAQ           1.75           1.75        1.466
+   KUWAIT         1.15           1.40        0.948
+   LIBYA          0.95           0.95        0.948
+   NIGERIA        1.00           1.14        1.238
+   QATAR          0.18           0.23        0.285
+   SAUDI ARABIA   3.10           3.50        4.133
+   UAE            1.10           1.15        0.902
+   VENEZUELA      1.50           1.50        1.495
+   TOTAL          14.7           16.0        15.8
+   Reuter
+  
+
diff --git a/reuters/training/1994 b/reuters/training/1994
new file mode 100644
index 0000000000000000000000000000000000000000..74823038c80e0d51b1e29138a74cccbf2f326e6e
--- /dev/null
+++ b/reuters/training/1994
@@ -0,0 +1,32 @@
+BAKER <BKO> SUES TO FORCE HUGHES <HT> MERGER
+  Baker International corp said it has
+  filed suit in state court in Houston to compel Hughes Tool Co
+  to complete its proposed merger with Baker.
+      Late yesterday, Hughes said it had terminated the merger
+  agreement because Baker would not agree to an alternative
+  divestiture plan devised by Hughes.  Hughes' board had
+  previously found unacceptable a U.S. Justice Department consent
+  decree that would have required broader divestitures.
+      Baker said it has not obtained any satisfactory explanation
+  from Hughes of its objections to the provisions of the Justice
+  Department consent decree.
+      Hughes yesterday adjourned the special meeting at which
+  shareholders were to vote on the merger without permitting the
+  counting of votes on the deal.  Baker said it believes the vote
+  was overwhelmingly in favor of the merger.
+      Baker said the new terms that Hughes proposed for the
+  merger, as an alternative to the consent decree, were "more
+  burdensome" than those of the consent decree themselves.
+      Baker said divestitures under the consent decree would
+  reduce revenues for the combined company by about 65 mln dlrs
+  or three pct.
+      Baker said it will continue to pursue the divestitures of
+  the units named in the consent decree.
+      It said its suit names as defendants Hughes and certain of
+  its directors and seeks either an injunction forcing Hughes to
+  live up to the merger agreement or "substantial" monetary
+  damages it did not name.
+      Baker said it believes the merger to be in the best
+  interests of shareholders of both companies.
+  
+
diff --git a/reuters/training/1995 b/reuters/training/1995
new file mode 100644
index 0000000000000000000000000000000000000000..92d48f59370766175fd200ea989eed93824c8070
--- /dev/null
+++ b/reuters/training/1995
@@ -0,0 +1,19 @@
+SPAIN DEREGULATES BANK DEPOSIT INTEREST RATES
+  Spain's Finance Ministry deregulated bank
+  deposit rates in an effort to raise competition among banks and
+  bring legislation into line with the European Community (EC), a
+  ministry spokesman said.
+      The measure was published today in the Official State
+  Gazette. It takes effect tomorrow and lifts restrictions on
+  rates, now limited to six pct on deposits of up to 180 days.
+      The government also enacted a decree cutting to one pct
+  from 13 pct the proportion of total assets which banks must
+  lend at favourable rates to industries classified "of public
+  interest."
+      Some bankers expect the deregulation of rates to result in
+  a 20 pct drop in profits this year.
+      Secretary of State for the Economy Guillermo de la Dehesa
+  told Reuters in a recent interview the reduction in fixed asset
+  investments would offset losses from the rate liberalisation.
+  
+
diff --git a/reuters/training/1996 b/reuters/training/1996
new file mode 100644
index 0000000000000000000000000000000000000000..99e278d0e3173d03e1899a9d034f3d2aed53cb0a
--- /dev/null
+++ b/reuters/training/1996
@@ -0,0 +1,39 @@
+USAIR <U> REJECTS TWA <TWA> TAKEOVER BID
+  USAir Group Inc said its board has
+  rejected Trans World Airlines Inc's offer to acquire USAir for
+  52 dlrs per share in cash as grossly in adequate and not in the
+  best interests of USAir shareholders, employees or passengers.
+      The company said the unsolicited bid by the Carl C.
+  Icahn-led TWA was "highly conditional."
+      USAir said its board and that of Piedmont Aviation Inc
+  <PIE> met separately yesterday to consider USAir's offer to
+  acquire 50.1 pct of Piedmont for 71 dlrs per share and
+  remaining shares for 1.5 to 1.9 common shares each, valued at
+  about 73 dlrs per share based on the average closing price of
+  USAir common during a period just before the merger.
+      The company said it is continuing talks with Piedmont on
+  arriving at a definitive merger agreement and the two companies
+  hope to reach one very shortly.
+      USAir said "In light of the highly conditional nature and
+  other terms of the TWA offer, the timing of the offer and the
+  circumstances under which it was made, USAir Group believes
+  that the purpose of the TWA offer is to interfere with USAir
+  Group's proposed acquisition of Piedmont.
+      "TWA's proposal is nothing more than an attempt by Carl
+  Icahn to disrupt at the eleventh hour USAir Group's acquisition
+  of Piedmont, a transaction which the USAir Group board views as
+  most beneficial to USAir Group shareholders, employees and
+  passengers and which Mr. Icahn obviously regards as contrary to
+  his own personal interests."
+      USAir said its board has authorized counsel to explore all
+  appropriate legal remedies against what it called TWA's
+  last-minute attempt to interfere with USAir Group's acquisition
+  of Piedmont.
+      The company said conditions to the TWA offer include TWA
+  obtaining financing, the USAir board redeeming defensive rights
+  issued to shareholders last year and acting to render the "fair
+  price" provision contained in USAir's charter inapplicable to
+  the TWA offer and Transportation Department approval.
+   Reuter...
+  
+
diff --git a/reuters/training/200 b/reuters/training/200
new file mode 100644
index 0000000000000000000000000000000000000000..e39fc15a6ad73099eb798308101ce96a586d4f66
--- /dev/null
+++ b/reuters/training/200
@@ -0,0 +1,53 @@
+FALLING SOYBEAN CRUSH RATIOS CUT OUTPUT
+  The sharp decline in soybean crush ratios
+  seen in the last few weeks, accelerating in recent days, has
+  pushed margins below the cost of production at most soybean
+  processing plants and prompted many to cut output of soybean
+  meal and oil.
+      The weekly U.S. soybean crush rate was reported by the
+  National Soybean Processors Association this afternoon at 21.78
+  mln bushels, down from the 22 mln bushel plus rate seen over
+  the past two months when crush margins surged to the best
+  levels seen in over a year.
+      Active soymeal export loadings at the Gulf had pushed
+  soybean futures and premiums higher, prompting a pick-up in the
+  weekly crush number.
+      However, much of that export demand seems to have been met,
+  with most foreign meal users now waiting for the expected surge
+  in shipments of new crop South American soymeal over the next
+  few months.
+      U.S. processors are now finding domestic livestock feed
+  demand is very light for this time of year due to the milder
+  than normal winter, so they steadily dropped offering prices in
+  an attempt to find buying interest, soyproduct dealers said.
+      Soybean meal futures have also steadily declined in recent
+  weeks, setting a new contract low of 139.70 dlrs per ton in the
+  nearby March contract today.
+      "Many speculators down here bought March soymeal and sold
+  May, looking for no deliveries (on first notice day tomorrow,
+  which would cause March to gain on deferreds)," one CBT crush
+  trader said.
+      "But they've been bailing out this week because the March
+  has been acting like there will be a lot delivered, if not
+  tomorrow, then later in the month," he added.
+      As a result of the weakness in soymeal, the March crush
+  ratio (The value of soyproducts less the cost of the soybeans)
+  fell from the mid 30s earlier this month to 22.6 cents per
+  bushel today, dropping over five cents in just the last two
+  days.
+      The May crush ended today just over 17 cents, so no
+  processors will want to lock in a ratio at that unprofitable
+  level, the trader said. Hopefully, they will now start to cut
+  back production to get supplies in line with demand, he added.
+      With futures down, processors are finding they must bid
+  premiums for cash soybeans, further reducing crush margins.
+      A central Illinois processor is only making about 30 cents
+  for every bushel of soybeans crushed at current prices, down
+  sharply from levels just seen just a few weeks ago and below
+  the average cost of production, cash dealers said.
+      Most soybean processing plants are still in operation, with
+  little talk of taking temporary down-time, so far. But
+  processors will start halting production in the next few weeks
+  it they continue to face unprofitable margins, they added.
+  
+
diff --git a/reuters/training/2000 b/reuters/training/2000
new file mode 100644
index 0000000000000000000000000000000000000000..55221d8cb6caff09e94f234f883d22d3a618d338
--- /dev/null
+++ b/reuters/training/2000
@@ -0,0 +1,11 @@
+U.S. FIRST TIME JOBLESS CLAIMS FALL IN WEEK
+  New applications for unemployment
+  insurance benefits fell to a seasonally adjusted 332,900 in the
+  week ended Feb 21 from 368,400 in the prior week, the Labor
+  Department said.
+      The number of people actually receiving benefits under
+  regular state programs totaled 3,014,400 in the week ended Feb
+  14, the latest period for which that figure was available.
+      That was up from 2,997,800 the previous week.
+  
+
diff --git a/reuters/training/2001 b/reuters/training/2001
new file mode 100644
index 0000000000000000000000000000000000000000..bce75ab59f45ca159d38da86dde30534faf8058c
--- /dev/null
+++ b/reuters/training/2001
@@ -0,0 +1,36 @@
+JAGUAR SEES STRONG GROWTH IN NEW MODEL SALES
+  Jaguar Plc <JAGR.L> is about to sell its
+  new XJ-6 model on the U.S. And Japanese markets and expects a
+  strong reception based on its success in the U.K., Chairman Sir
+  John Egan told a news conference.
+      Commenting on an 11 pct growth in 1986 group turnover to
+  830.4 mln stg and pre-tax profits at 120.8 mln stg, slightly
+  below 1985's 121.3 mln, Egan said Jaguar aimed at an average
+  profit growth of 15 pct per year. However, the introduction of
+  the new model had kept this year's pre-tax profit down.
+      Jaguar starts selling XJ-6 in the U.S. In May and plans to
+  sell 25,000 of its total 47,000 production there in 1987.
+      U.S. Sales now account for 65 pct of total turnover,
+  finance director John Edwards said.
+      A U.S. Price for the car has not been set yet, but Edwards
+  said the relatively high car prices in dollars of West German
+  competitors offered an "umbrella" for Jaguar. He added the XJ-6
+  had also to compete with U.S. Luxury car producers which would
+  restrict the car's price.
+      Jaguar hedges a majority of its dollar receipts on a
+  12-month rolling basis and plans to do so for a larger part of
+  its receipts for longer periods, John Egan said.
+      In the longer term, capital expenditure will amount to 10
+  pct of net sales. Research and development will cost four pct
+  of net sales and training two pct.
+      Jaguar builds half of its cars and buys components for the
+  other half. The firm is in early stages of considering the
+  building of an own press shop in Britain for about 80 mln stg,
+  but Egan said this would take at least another three years
+      On the London Stock Exchange, Jaguar's shares were last
+  quoted at 591p, down from 611p at yesterday's close, after
+  reporting 1986 results which were in line with market
+  expectations, dealers said.
+   REUTER...
+  
+
diff --git a/reuters/training/2003 b/reuters/training/2003
new file mode 100644
index 0000000000000000000000000000000000000000..b9c5fe9631d4d4f36dedc329d5305fe696126c73
--- /dev/null
+++ b/reuters/training/2003
@@ -0,0 +1,16 @@
+CCC ACCEPTS BONUS BID ON WHEAT FLOUR TO IRAQ
+  The Commodity Credit Corporation,
+  CCC, has accepted bids for export bonuses to cover sales of
+  25,000 tonnes of wheat flour to Iraq, the U.S. Agriculture
+  Department said.
+      The department said the bonuses awarded averaged 116.84
+  dlrs per tonne.
+      The shipment periods are March 15-April 20 (12,500 tonnes)
+  and April 1-May 5 (12,500 tonnes).
+      The bonus awards were made to Peavey Company and will be
+  paid in the form of commodities from CCC stocks, it said.
+      An additional 175,000 tonnes of wheat flour are still
+  available to Iraq under the Export Enhancement Program
+  initative announced January 7, 1987, the department said.
+  
+
diff --git a/reuters/training/2004 b/reuters/training/2004
new file mode 100644
index 0000000000000000000000000000000000000000..56c191e45d071883302bdb0c9d39ed93ffb67d8d
--- /dev/null
+++ b/reuters/training/2004
@@ -0,0 +1,5 @@
+DIAMOND SHAMROCK RAISES CRUDE POSTED PRICES ONE DLR, EFFECTIVE MARCH 4, WTI NOW 17.00 DLRS/BBL
+
+  DIAMOND SHAMROCK RAISES CRUDE POSTED PRICES ONE DLR, EFFECTIVE MARCH 4, WTI NOW 17.00 DLRS/BBL
+  
+
diff --git a/reuters/training/2005 b/reuters/training/2005
new file mode 100644
index 0000000000000000000000000000000000000000..b1d53487bd71beaa4d77e7ecd97e48890f830b36
--- /dev/null
+++ b/reuters/training/2005
@@ -0,0 +1,14 @@
+NORD RESOURCES CORP <NRD> 4TH QTR NET
+  Shr 19 cts vs 13 cts
+      Net 2,656,000 vs 1,712,000
+      Revs 15.4 mln vs 9,443,000
+      Avg shrs 14.1 mln vs 12.6 mln
+      Year
+      Shr 98 cts vs 77 cts
+      Net 13.8 mln vs 8,928,000
+      Revs 58.8 mln vs 48.5 mln
+      Avg shrs 14.0 mln vs 11.6 mln
+      NOTE: Shr figures adjusted for 3-for-2 split paid Feb 6,
+  1987.
+  
+
diff --git a/reuters/training/2006 b/reuters/training/2006
new file mode 100644
index 0000000000000000000000000000000000000000..e8af8edb894820d1c338a27b5533f72a042f7bf8
--- /dev/null
+++ b/reuters/training/2006
@@ -0,0 +1,12 @@
+NO QUAKE DAMAGE AT CHUQUICAMATA - MINE SPOKESMAN
+  The earthquake which hit northern Chile
+  today, registering 7.0 on the open-ended Richter scale, caused
+  no damage to the copper mine at Chuquicamata, a mine spokesman
+  said.
+      Chuquicamata public relations director Guillermo Barcelo
+  told Reuters by telephone from the mine that the quake had
+  caused no problems and operations continued as usual.
+      A spokesman for the state Chilean Copper Commission in
+  Santiago confirmed there had been no damage at Chuquicamata.
+  
+
diff --git a/reuters/training/2007 b/reuters/training/2007
new file mode 100644
index 0000000000000000000000000000000000000000..b52ee61359a44c6de46753160e76fc99679c891e
--- /dev/null
+++ b/reuters/training/2007
@@ -0,0 +1,12 @@
+ORBIT INCREASES OIL AND GAS RESERVE VALUES
+  <Orbit Oil and Gas Ltd> said
+  the value of its oil and gas reserves increased by 19 pct to
+  52.6 mln dlrs from 44.2 mln dlrs reported at year-end 1985,
+  according to an independent appraisal.
+      Orbit said it has reserves of 2.4 mln barrels of oil and
+  natural gas liquids and 67.2 billion cubic feet of natural gas.
+      In addition, 75 pct owned <Sienna Resources Ltd> has
+  Canadian reserves of 173,000 barrels of oil and 1.6 bcf of
+  natural gas with a current value of 2.2 mln dlrs, Orbit said.
+  
+
diff --git a/reuters/training/2008 b/reuters/training/2008
new file mode 100644
index 0000000000000000000000000000000000000000..357e2691a10af73b31ac43ea393e57b55663c7b1
--- /dev/null
+++ b/reuters/training/2008
@@ -0,0 +1,14 @@
+CCC ACCEPTS BONUS BID ON SEMOLINA TO EGYPT
+  The Commodity Credit Corporation,
+  CCC, has accepted a bid for an export bonus to cover a sale of
+  2,000 tonnes of semolina to Egypt, the U.S. Agriculture
+  Department said.
+      The department said the bonus was 233.91 dlrs per tonne and
+  was made to International Multifoods Corp. The bonus will be
+  paid in the form of commodities from CCC stocks.
+      The semolina is for shipment during June 1987, it said.
+      An additional 13,000 tonnes of semolina are still available
+  to Egypt under the Export Enhancement Program initiative
+  announced on August 6, 1986, it said.
+  
+
diff --git a/reuters/training/201 b/reuters/training/201
new file mode 100644
index 0000000000000000000000000000000000000000..fbae306541c4a086593902eb36022d080c30e31b
--- /dev/null
+++ b/reuters/training/201
@@ -0,0 +1,11 @@
+MAIL BOXES ETC <MAIL> 3RD QTR JAN 31 NET
+  Shr 23 cts vs 18 cts
+      Net 509,144 vs 277,834
+      Revs 2,258,341 vs 1,328,634
+      Avg shrs 2,177,553 vs 1,564,605
+      Nine mths
+      Shr 55 cts vs 42 cts
+      Net 1,150,633 vs 649,914
+      Revs 6,169,168 vs 3,178,115
+  
+
diff --git a/reuters/training/2010 b/reuters/training/2010
new file mode 100644
index 0000000000000000000000000000000000000000..94a59afee61d5cc5a0a2e46aa444f2a3192c9fcb
--- /dev/null
+++ b/reuters/training/2010
@@ -0,0 +1,37 @@
+FIVE GROUPS APPLY TO BUY FRENCH TELEPHONE GROUP
+  Five consortia have applied to buy the
+  French state-owned telephone equipment manufacturer <Cie
+  Generale de Constructions Telephoniques (CGCT)>, which will
+  give the owners control of 16 pct of the French telephone
+  switching market, sources close to Finance Minister Edouard
+  Balladur said.
+      The French government has given itself until the end of
+  April to decide which applicant will be accepted, they added.
+      While several foreign groups have said they want to gain a
+  foothold in the French market, their potential stake in CGCT is
+  limited to 20 pct under privatisation laws passed last year,
+  with 80 pct to be left in French hands.
+      The Finance Ministry sources gave no details of the groups
+  interested in CGCT, but several have publicly announced their
+  candidacies.
+      U.S. Telecommunications giant American Telephone and
+  Telegraph Co <T.N> which has been at the centre of the two-year
+  battle for CGCT, has teamed up with the Dutch-based <Philips
+  Telecommunications Industrie B.V.>, a subsidiary of NV Philips
+  Gloeilampenfabriek <PGLO.AS> and <Societe Anonyme de
+  Telecommunications> (SAT) to present a joint bid, in
+  association with holding company Cie du Midi SA <MCDP.P> and
+  five French investment funds.
+      A second bid has come from the West German electronics
+  group Siemens AG <SIEG.F>, which hopes to take a 20 pct stake
+  in CGCT, with the French telecommunications <Jeumont-Schneider>
+  taking the remaining 80 pct.
+      Sweden's <AB LM Ericsson> has also submitted a bid for the
+  maximum 20 pct permitted, in association with French defence
+  electronics group <Matra>, which would hold between 40 and 49
+  pct, and construction group <Bouygues>.
+      Matra has already acquired CGCT's private telephone
+  business.
+  REUTER...
+  
+
diff --git a/reuters/training/2012 b/reuters/training/2012
new file mode 100644
index 0000000000000000000000000000000000000000..66aa53180e7a7fa0e115c1231f1938d034f9ffbe
--- /dev/null
+++ b/reuters/training/2012
@@ -0,0 +1,15 @@
+BLIZZARD CLOSES BOSPHORUS
+  Blizzard conditions halted shipping
+  through the Bosphorus waterway and piled snow up to 70 cms deep
+  in central Istanbul, paralysing the city for the second day
+  running.
+      Snow whipped by 48 kph winds continued to fall on Istanbul
+  and northwest Anatolia after 36 hours and weather reports
+  predicted no relief for another two days.
+      Port officials said at least six large vessels in the Black
+  Sea and 13 in the Sea of Marmara were waiting for conditions to
+  improve.
+      Istanbul's Ataturk international airport has been closed
+  since yesterday.
+  
+
diff --git a/reuters/training/2013 b/reuters/training/2013
new file mode 100644
index 0000000000000000000000000000000000000000..f651baabcc592c2e66cc42b26243995ff76992bc
--- /dev/null
+++ b/reuters/training/2013
@@ -0,0 +1,19 @@
+JAPAN FUND <JPN> SEEKERS CONFIDENT OF FINANCING
+  The <Sterling Grace Capital Management
+  L.P.> group said it is confident financing can be arranged if
+  The Japan Fund's board recommend's the group's acquisition
+  proposal.
+      The group, which also includes <Anglo American Security
+  Fund L.P.> and T.B. Pickens III, Tuesday proposed an entity it
+  controls acquire for cash all the assets of Japan Fund for 95
+  pct of the fund's aggregate net asset value.
+      The group said it has had a number of meetings over the
+  past few days with domestic and overseas financial institutions.
+      The Sterling Grace Capital group said certain of these
+  institutions have expressed serious interest in providing
+  financing for the proposed acquisition of Japan Fund, "adding
+  we are reasonably confident that the financing can be quickly
+  arranged if the Japan Fund's board of directors is willing to
+  recommend the transaction to shareholders."
+  
+
diff --git a/reuters/training/2016 b/reuters/training/2016
new file mode 100644
index 0000000000000000000000000000000000000000..a17bd7907764f3046303ef6df804a0a048b968cd
--- /dev/null
+++ b/reuters/training/2016
@@ -0,0 +1,10 @@
+PEGASUS GOLD INC <PGULF> 3RD QTR DEC 31 NET
+  Shr profit 20 cts vs loss two cts
+      Net profit 2,665,000 vs loss 202,000
+      Revs 12,141,000 vs 5,993,000
+      Nine mths
+      Shr profit 35 cts vs loss 11 cts
+      Net profit 4,653,000 vs loss 1,167,000
+      Revs 35.1 mln vs 18.0 mln
+  
+
diff --git a/reuters/training/202 b/reuters/training/202
new file mode 100644
index 0000000000000000000000000000000000000000..9de753434ee82142e7120dc4dfd49135765c2bc3
--- /dev/null
+++ b/reuters/training/202
@@ -0,0 +1,13 @@
+MUNSINGWEAR INC <MUN> 4TH QTR JAN 3 LOSS
+  Shr loss 32 cts vs loss seven cts
+      Net loss 1,566,000 vs loss 292,000
+      Revs 39.4 mln vs 34.7 mln
+      Year
+      Shr profit 79 cts vs profit 74 cts
+      Net profit 3,651,000 vs profit 3,020,000
+      Revs 147.9 mln vs 114.2 mln
+      Avg shrs 4,639,000 vs 4,059,000
+      Note: Per shr adjusted for 3-for-2 stock split July 1986
+  and 2-for-1 split May 1985.
+  
+
diff --git a/reuters/training/2020 b/reuters/training/2020
new file mode 100644
index 0000000000000000000000000000000000000000..577e8acaaa936fcd048d8beb79601caca975b485
--- /dev/null
+++ b/reuters/training/2020
@@ -0,0 +1,8 @@
+<KELTIC INC> YEAR NET
+  Shr 99 cts vs 1.25 dlrs
+      Net 418,733 vs 235,572
+      Revs 2,777,425 vs 2,024,116
+      Note: 1986 shr after November, 1986 600,000 class A
+  subordinate floating share issue
+  
+
diff --git a/reuters/training/2022 b/reuters/training/2022
new file mode 100644
index 0000000000000000000000000000000000000000..b5fcdb5678c1a6c50221556ff191b16145aac691
--- /dev/null
+++ b/reuters/training/2022
@@ -0,0 +1,12 @@
+U.K. MONEY MARKET GIVEN HELP, OFFERED FACILITIES
+  The Bank of England said it had given the
+  money market 206 mln stg of assistance this afternoon and
+  offered the discount houses borrowing facilities to take out
+  the rest of the 1.10 billion stg shortage, revised down from an
+  initial 1.15 billion estimate.
+      It made no alteration to its established dealing rates,
+  buying 95 mln stg of band one bank bills at 10-7/8 pct and 111
+  mln of band two bank bills at 10-13/16 pct. This brings the
+  Bank's total assistance so far today to 243 mln stg.
+  
+
diff --git a/reuters/training/2024 b/reuters/training/2024
new file mode 100644
index 0000000000000000000000000000000000000000..7776e1a12a6ebf9d9711f785a407ae1d6772647d
--- /dev/null
+++ b/reuters/training/2024
@@ -0,0 +1,20 @@
+E.F. HUTTON <EFH> STARTS PUROLATOR <PCC> BID
+  E.F. Hutton Group Inc said it has
+  started its previously announced offer to purchase up to
+  6,332,471 common shares of Purolator Courier Corp at 35 dlrs
+  each.
+      In a newspaper advertisement, the company said the offer,
+  proration period and withdrfawal rights will expire April One
+  unless extended.  The offer is conditioned on receipt of at
+  least 5,116,892 Purolator shares, or a 66.7 pct interest, and
+  is the first step in a merger agreement that has been approved
+  by the Purolator board.
+      Hutton said it reserves the right to buy more than
+  6,332,471 shares but has no present intention of doing so.  It
+  said it may waive the condition that at least 5,116,892 shares
+  be tendered as long as it received at least a 50.1 pct
+  interest.  If it were to receive fewer shares than that, it
+  said it would only purchase sharesd with the consent of
+  Purolator.
+  
+
diff --git a/reuters/training/2025 b/reuters/training/2025
new file mode 100644
index 0000000000000000000000000000000000000000..3b307df8178960d16920ad0b224d4d8a7bc71eea
--- /dev/null
+++ b/reuters/training/2025
@@ -0,0 +1,32 @@
+YEUTTER PUTS CURRENCY BURDEN ON TAIWAN, KOREA
+  Responsibility for the appreciation of
+  the Taiwan dollar and the South Korean Won lies soley with
+  those countries, said U.S. trade representative Clayton Yeutter
+      Speaking to the Asia Society, Yeutter said that it is in
+  those countries' own long-term interest to raise the value of
+  their currencies against the dollar.
+      Yeutter was responding to a question about what the U.S.
+  could do to encourage appreciation of those currencies against
+  the dollar in order to reduce the large U.S. trade deficits
+  with Taiwain and Korea.
+      "An undervalued currency will help those countries' exports
+  in the short term, but in the long run they have to be
+  concerned about how they are perceived in the international
+  business community," Yeutter said.
+      For Taiwan, Yeutter said that with its per capita trade
+  surplus with the U.S., much larger than that of Japan's, and
+  with huge foreign exchange reserves, it was difficult to defend
+  the high import tarrifs and other barriers that prevail in that
+  country.
+      He also said that the south Korean Won should begin to move
+  to reflect underlying economic fundamentals, "otherwise in two
+  or three years' time, Korea will be in the same situation that
+  prevails in Taiwan."
+      Turning to the U.S. deficit with Japan of more than 50
+  billion dlrs, Yeutter said that this situation was not
+  sustainable.
+      "Something must give soon. If not, there is a great threat
+  of U.S. legislative action to counteract that trend," Yeutter
+  said.
+  
+
diff --git a/reuters/training/2026 b/reuters/training/2026
new file mode 100644
index 0000000000000000000000000000000000000000..94ca990cce022cb2da4b53b1b0c1ceda302f87ce
--- /dev/null
+++ b/reuters/training/2026
@@ -0,0 +1,10 @@
+PRINCEVILLE DEVELOPMENT CORP <PVDC> YEAR LOSS
+  Shr diluted loss 31 cts vs profit 17 cts
+      Net loss 2,806,005 vs profit 1,513,395
+      Revs 15.0 mln vs 10.4 mln
+      Avg shrs diluted 8,982,754 vs 8,804,899
+      NOTE: Current year includes loss of 3.4 mln dlrs from
+  takeover defense expenses. Also includes losses of 1.8 mln dlrs
+  vs 332,000 dlrs from equity in limited partnerships.
+  
+
diff --git a/reuters/training/2027 b/reuters/training/2027
new file mode 100644
index 0000000000000000000000000000000000000000..67359cb78dab432db5e46ed56840d7ea4b584c77
--- /dev/null
+++ b/reuters/training/2027
@@ -0,0 +1,6 @@
+ORANGE-CO <OJ> HOLDER RAISES STAKE
+  Orange-Co Inc said its
+  largest shareholder, <Summit Resoureces Inc>, has increased its
+  stake to 15 pct from 14 pct and now owns 644,727 shares.
+  
+
diff --git a/reuters/training/2028 b/reuters/training/2028
new file mode 100644
index 0000000000000000000000000000000000000000..099dfb3af33d1b26f3a7983a1ab0c65e0e08b360
--- /dev/null
+++ b/reuters/training/2028
@@ -0,0 +1,18 @@
+HORIZON CORP <HZN> 4TH QTR NET
+  Oper shr profit 1.66 dlrs vs loss eight cts
+      Oper net profit 12.0 mln vs loss 572,000
+      Revs 27.4 mln vs 4,311,000
+      Year
+      Oper shr profit 1.36 dlrs vs loss 43 cts
+      Oper net profit 9,817,000 vs loss 2,433,000
+      Revs 35.0 mln vs 13.8 mln
+      Avg shrs 7,224,000 vs 6,731,000
+      NOTE: 1985 net includes tax credits of 492,000 dlrs in
+  quarter and 2,433,000 dlrs in year.
+      1985 net both periods excludes 168,000 dlr loss from
+  discontinued operations.
+      1986 net both periods includes pretax gain 21.8 mln dlrs
+  from sale of remaining interest in Paradise Hills, N.M.,
+  development.
+  
+
diff --git a/reuters/training/2029 b/reuters/training/2029
new file mode 100644
index 0000000000000000000000000000000000000000..005190d983a349c01fa5b2a2e5bc91dce84fa31c
--- /dev/null
+++ b/reuters/training/2029
@@ -0,0 +1,9 @@
+<INTERNATIONAL THOMSON ORGANISATION LTD> YEAR
+  Shr 33p vs 38p
+      Net 97 mln vs 111 mln
+      Revs 1.71 billion vs 1.76 billion
+      NOTE: Figures in sterling.
+      Share results after deducting preferred share dividends of
+  one mln pounds sterling in 1986.
+  
+
diff --git a/reuters/training/203 b/reuters/training/203
new file mode 100644
index 0000000000000000000000000000000000000000..746272c4341ac63a3fe84972299177d5e6a785f0
--- /dev/null
+++ b/reuters/training/203
@@ -0,0 +1,67 @@
+FED DATA SUGGEST STABLE U.S. MONETARY POLICY
+  Latest Federal Reserve data suggest that
+  the central bank voted to maintain the existing degree of
+  pressure on banking reserves at its regular policy-making
+  meeting two weeks ago, money market economists said.
+      "The numbers were a little disappointing, but I think we
+  can take Mr Volcker at his word when he said that nothing had
+  changed," said Bob Bannon of Security Pacific National Bank.
+      Fed Chairman Paul Volcker told a Congressional committee
+  last Thursday that the Fed's policy "has been unchanged up to
+  today."
+      Although Volcker's statement last Thursday allayed most
+  fears that the Fed had marginally tightened its grip on
+  reserves to help an ailing dollar, many economists still wanted
+  confirmation of a steady policy in today's data, which covered
+  the two-week bank statement period ended yesterday.
+      This need for additional reassurance was made all the more
+  acute by the Fed's decision yesterday to drain reserves from
+  the banking system by arranging overnight matched sale-purchase
+  agreements for the first time since April of last year,
+  economists added.
+      Today's data showed that the draining action was for a
+  fairly large 3.9 billion dlrs, economists said.
+      "The one thing that caught my eye were the relatively
+  sizeable matched sales on Wednesday," said Dana Johnson of
+  First National Bank of Chicago. "But there was a clearly
+  justified need for them. There was nothing ominous."
+      "The Fed couldn't have waited until the start of the new
+  statement period today. If it had, it would have missed its
+  (reserve) projections," added Security Pacific's Bannon.
+      A Fed spokesman told reporters that there were no large
+  single-day net miss in reserve projections in the latest week.
+      Economists similarly shrugged off slightly higher-than-
+  expected adjusted bank borrowings from the Fed's discount
+  window, which averaged 310 mln dlrs a day in the latest week,
+  compared with many economists' forecasts of about 200 mln.
+      For the two-week bank statement period as a whole, the
+  daily borrowing average more than doubled to 381 mln dlrs from
+  160 in the prior period.
+      "There were wire problems at two large banks on Tuesday and
+  Wednesday, so I am not too bothered about the borrowings," said
+  Scott Winningham of J.S. Winningham and Co. The Wednesday
+  average rose to 946 mln dlrs from 148 mln a week earlier.
+      Lending further support to the stable policy view was a
+  relatively steady federal funds rate of about six pct in the
+  latest week and persistently high levels of excess reserves in
+  the banking system, economists said.
+      "For the time being, the Fed is following a neutral path,
+  with fed funds at about six to 6-1/8 pct," said Darwin Beck of
+  First Boston Corp. "I expect it to continue in that vein."
+      "Excess reserves fell but they are still over a billion
+  dlrs," added First Chicago's Johnson. Banks' excess reserves
+  averaged 1.03 billion dlrs a day in the latest statement
+  period, down from 1.50 billion in the previous one.
+      After the Fed declined to assign a 1987 target growth range
+  to the wayward M-1 money supply measure last week, little
+  attention was paid to a steeper-than-anticipated 2.1 billion
+  dlr jump in the week ended February 16.
+      Looking ahead, economists said the Fed will have to tread a
+  fine line between the dollar's progress in the international
+  currency markets and the development of the domestic economy.
+      "The market has perhaps exaggerated the dollar's effect on
+  Fed policy," said First Chicago's Johnson. "Of course, it will
+  take the dollar into account in future policy decisions but if
+  the economy is weak, it won't pull back from easing."
+  
+
diff --git a/reuters/training/2033 b/reuters/training/2033
new file mode 100644
index 0000000000000000000000000000000000000000..c32c73b2cac64719cd6be22688ec940e3a6cfbcc
--- /dev/null
+++ b/reuters/training/2033
@@ -0,0 +1,14 @@
+EQUATORIAL COMMUNICATIONS CO <EQUA> 4TH QTR LOSS
+  Shr loss 3.84 dlrs vs nil
+      Net loss 56,879,000 vs profit 23,000
+      Rev 10.3 mln vs 17.7 mln
+      Year
+      Shr loss 4.60 dlrs vs profit 14 cts
+      Net loss 67,818,000 vs profit 1,807,000
+      Rev 50.9 mln vs 56.1 mln
+      Avg shares 14,734,000 vs 12,801,000
+      NOTE: Fourth qtr net includes a one-time restructuring
+  charge of 45.2 mln dlrs. 1985 net income includes extraordinary
+  gain of 3.2 mln dlrs, or 25 cts.
+  
+
diff --git a/reuters/training/2035 b/reuters/training/2035
new file mode 100644
index 0000000000000000000000000000000000000000..07ad351c461945f60a4c3c8b6aa6256550d18a8d
--- /dev/null
+++ b/reuters/training/2035
@@ -0,0 +1,5 @@
+INTERNATIONAL THOMSON ORGANISATION LTD YEAR SHR 33P VS 38P
+
+  INTERNATIONAL THOMSON ORGANISATION LTD YEAR SHR 33P VS 38P
+  
+
diff --git a/reuters/training/2039 b/reuters/training/2039
new file mode 100644
index 0000000000000000000000000000000000000000..6db2e3c228991762ab9b869b917be3c479ed844e
--- /dev/null
+++ b/reuters/training/2039
@@ -0,0 +1,9 @@
+TRIMEDYNE <TMED> TO SPIN OFF STAKE IN UNIT
+  Trimedyne Inc said it will
+  distribute one Class B common share of <Automedix Sciences Inc>
+  for each four Trimedyne shares held of record on March Nine.
+      The company said in the spinoff it is distributing its
+  entire 44 pct interesdt in Automedix.  The spun-off stock will
+  not be saleable for 13 months, the company said.
+  
+
diff --git a/reuters/training/2042 b/reuters/training/2042
new file mode 100644
index 0000000000000000000000000000000000000000..90606d21916d6fb4fe6673caaffa47947e4307c6
--- /dev/null
+++ b/reuters/training/2042
@@ -0,0 +1,10 @@
+CASEY'S GENERAL STORES INC <CASY> 3RD QTR JAN 31
+  Shr 16 cts vs 13 cts
+      Net 1,900,000 vs 1,600,000
+      Sales 68.2 mln vs 69.6 mln
+      Nine mths
+      Shr 60 cts vs 43 cts
+      Net 7,100,000 vs 4,700,000
+      Sales 214.0 mln vs 219.5 mln
+  
+
diff --git a/reuters/training/2044 b/reuters/training/2044
new file mode 100644
index 0000000000000000000000000000000000000000..b838acf995a45c3e84259a9f890f6305e3341f9e
--- /dev/null
+++ b/reuters/training/2044
@@ -0,0 +1,12 @@
+FRENCH FREE MARKET CEREAL EXPORT BIDS DETAILED
+  French operators have requested licences
+  to export 40,000 tonnes of free market feed wheat, 32,500
+  tonnes of soft bread wheat, 375,000 tonnes of barley and
+  465,000 tonnes of maize at today's European Community tender,
+  trade sources here said.
+      Rebates requested ranged between 134 and 136.50 European
+  currency units (Ecus) a tonne for the feed wheat, 137.39 and
+  141.50 Ecus a tonne for the bread wheat, 137.93 and 142.95 Ecus
+  for the barley and 133.75 and 140.25 Ecus for the maize.
+  
+
diff --git a/reuters/training/2046 b/reuters/training/2046
new file mode 100644
index 0000000000000000000000000000000000000000..a15c0d4deb7da4cdaa4b4017e10afce35f9dd8f0
--- /dev/null
+++ b/reuters/training/2046
@@ -0,0 +1,12 @@
+DIAMOND SHAMROCK <DIA> RAISES CRUDE OIL POSTINGS
+  Diamond Shamrock said it raised its
+  posted prices for all grades of crude oil one dlr a barrel,
+  effective yesterday.
+      The one dlr increase brings West Texas Intermediate, WTI
+  the U.S. benchmark crude, to 17.00 dlrs a bbl, the company
+  said.
+      Diamond Shamrock joined Sun Co, Coastal, Citgo and Murphy
+  Oil in raising crude oil posted prices one dlr a barrel
+  yesterday.
+  
+
diff --git a/reuters/training/2047 b/reuters/training/2047
new file mode 100644
index 0000000000000000000000000000000000000000..af56a044589e73a0595217c4e908d72e521cd687
--- /dev/null
+++ b/reuters/training/2047
@@ -0,0 +1,11 @@
+OAK HILL SPORTSWEAR CORP <OHSC> 4TH QTR NET
+  Shr 27 cts vs 28 cts
+      Net 1,026,000 vs 1,025,000
+      Sales 27.8 mln vs 25.4 mln
+      Year
+      Shr 95 cts vs 16 cts
+      Net 3,682,000 vs 598,000
+      Sales 102.1 mln vs 100.4 mln
+      Avg shrs 3,858,000 vs 3,700,000
+  
+
diff --git a/reuters/training/2048 b/reuters/training/2048
new file mode 100644
index 0000000000000000000000000000000000000000..6583fd5612d55be365ad34f2d1b61c2a2d688be8
--- /dev/null
+++ b/reuters/training/2048
@@ -0,0 +1,24 @@
+OAK INDUSTRIES INC <OAK> 4TH QTR LOSS
+  Oper shr loss five cts vs loss 50 cts
+      Oper net loss 3,862,000 vs loss 15,900,000
+      Sales 42.6 mln vs 38.8 mln
+      Avg shr 72.1 mln vs 31.7 mln
+      Year
+      Oper shr loss 51 cts vs loss 2.10 dlrs
+      Oper net loss 30.3 mln vs 51.3 mln
+      Sales 151.7 mln vs 153.1 mln
+      Avg shrs 59.4 mln vs 24.4 mln
+      Backlog 57.1 mln vs 52.9 mln
+      NOTES: Operating losses exclude profits from discontinued
+  operationgs of 1,000,000 dlrs, or one cent a share, vs
+  2,493,000 dlrs, or eight cts a share, in quarter and 65.0 mln
+  dlrs, or 1.09 dlrs a share, vs 13.7 mln dlrs, or 56 cts a
+  share, in year
+      1986 year operating loss also excludes extraordinary gain
+  of of 25.6 mln dlrs, or 43 cts a share
+      Backlog, which includes only orders to be shipped within 12
+  mths, was 63.0 mln dlrs on January 31. Orders to be shipped
+  beyond 12 mths were 27.6 mln dlrs vs 17.1 mln dlrs at December
+  31
+  
+
diff --git a/reuters/training/2049 b/reuters/training/2049
new file mode 100644
index 0000000000000000000000000000000000000000..6901a15c27fef5c797b3a5c60fba5837ad6bf5d1
--- /dev/null
+++ b/reuters/training/2049
@@ -0,0 +1,6 @@
+REGIS CORP <RGIS> REGULAR DIVIDEND SET
+  Qtly div 4-1/2 cts vs 4-1/2 cts prior
+      Pay April 15
+      Record March 24
+  
+
diff --git a/reuters/training/2054 b/reuters/training/2054
new file mode 100644
index 0000000000000000000000000000000000000000..0dc538696939947887023da42b436f24b7598efa
--- /dev/null
+++ b/reuters/training/2054
@@ -0,0 +1,24 @@
+MANNESMANN SEEKS STAKE IN U.S. FIRM
+  Mannesmann AG <MMWG.F>, the
+  diversified engineering and pipe-making group, is interested in
+  taking a stake in a U.S. Company or companies but has not yet
+  found a suitable firm, a spokesman said in reply to questions.
+      Mannesmann managing board chairman Werner Dieter told the
+  business weekly Wirtschaftswoche in an interview that
+  Mannesmann wanted to invest in a U.S. Company in order to
+  strengthen its presence on the U.S. Market.
+      Dieter said Mannesmann would act quickly when and if it
+  found a firm in which it wanted to take a stake.
+      The Mannesmann spokesman declined to say in which
+  industrial sector the group may make a U.S. Acquisition or how
+  big the acquisition might be.
+      He also said the group had not yet completed taking over a
+  stake in car components firm <Fichtel und Sachs AG>.
+      Mannesmann had said in January it hoped to take a 37.5 pct
+  stake in Fichtel und Sachs's holding company, Sachs AG, in the
+  first quarter. The spokesman said Mannesmann had a letter of
+  intent on the takeover from the heirs of the company's late
+  owner but completion has been delayed by legal questions
+  concerning the inheritance.
+  
+
diff --git a/reuters/training/2055 b/reuters/training/2055
new file mode 100644
index 0000000000000000000000000000000000000000..2cea1a6f1c0ef82490d69e44c7c0d26da5855692
--- /dev/null
+++ b/reuters/training/2055
@@ -0,0 +1,10 @@
+AMERICAN INT'L GROUP INC <AIG> 4TH QTR NET
+  Shr 1.83 dlrs vs 77 cts
+      Net 296.6 mln vs 120.1 mln
+      Year
+      Shr 4.90 dlrs vs 2.76 dlrs
+      Net 795.8 mln vs 420.5 mln
+      NOTE: Includes gains of 139.2 mln vs 46.8 mln in year and
+  94.0 mln vs 11.6 mln from capital gains from investments.
+  
+
diff --git a/reuters/training/2056 b/reuters/training/2056
new file mode 100644
index 0000000000000000000000000000000000000000..be7f7fdca299ade77b79fedbd7dbe7c931f9898c
--- /dev/null
+++ b/reuters/training/2056
@@ -0,0 +1,11 @@
+SYSTEMS FOR HEALTH CARE IN ONE-FOR-50 SPLIT
+  Systems for Health Care Inc said it
+  repositioned the company through a one-for-50 reverse stock
+  split.
+      It said there are now 3,002,500 common shares outstanding
+  with a quoted price of about 7/8 bid, compared to 150,125,000
+  shares outstanding prior to the split.
+      In another recent development, Systems for Health Care
+  formally changed its name to its present form from Orcas Corp.
+  
+
diff --git a/reuters/training/2061 b/reuters/training/2061
new file mode 100644
index 0000000000000000000000000000000000000000..4ad75be7f198a02cefdb51f531a2160d9260efe9
--- /dev/null
+++ b/reuters/training/2061
@@ -0,0 +1,59 @@
+ROYAL DUTCH/SHELL U.S. EARNINGS SHARPLY LOWER
+  Royal Dutch/Shell Group <RD.AS> earnings
+  for 1986 from the U.S. Fell sharply because of difficult market
+  conditions, lower crude and gas prices and also due to
+  different accounting methods, Shell chairman Peter Holmes said.
+      The Shell Oil dollar net income fell 47 pct in the year,
+  while the additional effect of currency movements reduced the
+  contribution to group net income by 57 pct to 472 mln stg.
+      The group earlier reported a drop in net income for the
+  year to 2.54 billion stg from 3.03 billion previously, with
+  lower crude prices outweighing the effect of increased sales by
+  volume.
+      Although the figures were lower, they were nonetheless at
+  the top end of market forecasts. Shell Transport and Trading
+  Plc <SC.L> shares, the U.K. Arm of the group, rose to 11.39 stg
+  from a close last night of 11.06 stg. Analysts noted that a
+  general collapse in exploration and production volumes was
+  partially offset by earnings from chemicals rising to 462 mln
+  stg from 205 mln in 1985.
+      Also, a windfall tax credit and lower than expected
+  currency losses had added about 100 mln stg onto fourth quarter
+  results, which was the main reason for the figures exceeding
+  forecasts, industry analyst Chris Rowland of Barclays de Zoete
+  Wedd noted.
+      However, he added there could well be a sharp fall in
+  performance in the first quarter of 1987, due to the
+  improbability that the group would be able to repeat the high
+  refining and marketing margins of first quarter 1986.
+      The impact of recovering oil prices would come through
+  faster on the downstream side than on the upstream as such a
+  high proportion of upstream activity centred on gas, which
+  typically reacted to oil price changes with about a half-year
+  lag, analysts said.
+      Holmes said that in the upstream U.S. Sector the third
+  quarter of 1986 had been the worst of all.
+      Only two of the oil majors had managed to make a profit in
+  the period, with Shell Oil being one of them. The decrease in
+  U.S. Earnings had been accentuated by tax rates but the group
+  had increased share to become volume market leader, Holmes
+  added.
+      Continued low crude oil prices would continue to subdue
+  U.S. Exploration activity. "Exploration is currently pretty
+  flat. We are going to go on, but at 16-18 dlrs there will be no
+  massive upturn," he said.
+      A renewal of exploration in high cost areas of the North
+  Sea and the U.S. Requires prices of around 25 dlrs a barrel.
+      Ultimately this would lead to a rise in U.S. Imports. "If
+  you are not exploring you are not going to find anything," he
+  noted.
+      U.S. Oil production had dropped some half mln barrels a day
+  (bbd) in 1986 and would continue to fall if the price stayed
+  below 20 dlrs a barrel.
+      This favored OPEC's attempts to stabilise prices, as the
+  lower the price the more likelihood there was of non-OPEC
+  marginal production shutting down. "OPEC has done pretty
+  extraordinarily well...Everything is moving in (its) direction,"
+  he added.
+  
+
diff --git a/reuters/training/2064 b/reuters/training/2064
new file mode 100644
index 0000000000000000000000000000000000000000..64d8f7eafe6e3d20a616c35288b972f227768565
--- /dev/null
+++ b/reuters/training/2064
@@ -0,0 +1,59 @@
+BANKERS WELCOME SPANISH RESERVE REQUIREMENT HIKE
+  Bankers welcomed the Bank of Spain's
+  decision to raise the reserve requirement for banks and savings
+  banks, saying it reflected the socialist government's
+  determination not to ease up in the fight against inflation
+  despite the painful social effects of four years of austerity.
+      The central bank last night raised the requirement by one
+  percentage point to 19 pct from March 13, saying that excess
+  liquidity threatened money supply and inflation targets.
+      Bankers said the move represented a change of tactic by the
+  Bank, which until now has relied on raising interest rates to
+  choke off money supply growth.
+      "I think it's a good measure," a senior foreign banker said.
+  "It's a faster way to get the job done than using interest rates
+  and avoids unpleasant effects on other areas of the economy."
+      "It shows that the political will is very strong. They know
+  that controlling inflation will make industry more competitive
+  and bring down unemployment in the long run," he added.
+      The head of another foreign bank said that only a month
+  ago, the Bank of Spain had dismissed his suggestion of a rise
+  in reserve requirements, preferring to pursue its strategy of
+  raising interest rates.
+      But bankers said the high real interest rates on offer now
+  -- around eight pct for overnight funds -- was attracting money
+  from abroad, strengthening the peseta and making Spanish
+  exports less competitive.
+      The government says industry's competitiveness is also
+  being hit hard by inflation. At 8.3 pct last year, the rate was
+  way above that of Spain's major trading partners in the
+  European Community, which it joined a year ago.
+      To help meet this year's target of five pct, it is
+  insisting pay rises stay at that level, setting the stage for
+  clashes with trade unions, who say they have made enough
+  sacrifices.
+      Demonstrations by workers, students and farmers, whose
+  demands essentially involve more government spending, have
+  become an almost daily occurrence. But Prime Minister Felipe
+  Gonzalez insists that the state is doing as much as it can.
+      Bankers said the reserve requirement increase could have
+  some impact on commercial lending rates but should not hit the
+  money market too hard.
+      The Bank of Spain, which only yesterday raised its key
+  overnight call money rate to 13.5 pct, left it unchanged at
+  today's auction. The rate has been increased nine times since
+  the start of the year, when it was below 12 pct.
+      Bankers said commercial lending rates were set to rise in
+  any case with the end of the six pct maximium interest rate
+  banks can offer for time deposits of up to six months.
+      The measure will take effect tomorrow, following the
+  publication of the decree in today's official gazette. Bankers
+  say the liberalisation will increase the cost of funds and,
+  inevitably, push lending rates higher.
+      A companion measure, reducing the proportion of funds which
+  banks must invest in specific areas, also takes effect
+  tomorrow. Officials said when the cut was approved last month
+  that it was aimed partly at compensating banks for higher
+  interest rates.
+  
+
diff --git a/reuters/training/2065 b/reuters/training/2065
new file mode 100644
index 0000000000000000000000000000000000000000..b57ed23781f6a9523472a572e924bd1b158ed116
--- /dev/null
+++ b/reuters/training/2065
@@ -0,0 +1,6 @@
+GAMBRO AB <GAMB ST> 1986 YEAR
+  133.5 mln crowns vs 101 mln.
+      Sales 1.61 billion vs 1.51 billion.
+      Proposed dividend 0.80 crowns vs 0.40 crowns.
+  
+
diff --git a/reuters/training/2067 b/reuters/training/2067
new file mode 100644
index 0000000000000000000000000000000000000000..df67f5688221601fc9f1fc1c279dd77405c19353
--- /dev/null
+++ b/reuters/training/2067
@@ -0,0 +1,5 @@
+TRANSPORTATION AGENCY GIVES FINAL OKAY FOR US AIR PACIFIC SOUTHWEST ACQUISITION
+
+  TRANSPORTATION AGENCY GIVES FINAL OKAY FOR US AIR PACIFIC SOUTHWEST ACQUISITION
+  
+
diff --git a/reuters/training/2073 b/reuters/training/2073
new file mode 100644
index 0000000000000000000000000000000000000000..dbf38fb8efd758275e6f6a6efcf5e48a86e7d022
--- /dev/null
+++ b/reuters/training/2073
@@ -0,0 +1,13 @@
+S AFRICA MINE MANAGERS FACE CHARGES IN DISASTER
+  Seven managers and employees at
+  General Mining Union Corp Ltd's Kinross Mines Ltd will face
+  charges of culpable homicide following last year's disaster
+  when 177 gold miners died, the Attorney General's Office said.
+      The mineworkers were killed last September at Kinross when
+  a fire set off toxic fumes which suffocated miners underground.
+      Three of the accused face alternative charges of breaking
+  safety regulations set out in the Mines and Works Act.
+      The spokesman said the case would probably be heard in
+  Witbank Regional Court, near Kinross, in mid-May.
+  
+
diff --git a/reuters/training/2074 b/reuters/training/2074
new file mode 100644
index 0000000000000000000000000000000000000000..ab00452ee2cc920f654fad4d1da8ac313604cb20
--- /dev/null
+++ b/reuters/training/2074
@@ -0,0 +1,26 @@
+WESTERN CANADA HURT BY INTERNATIONAL FORCES
+  Western Canada's resource-based economy
+  is being hurt by international market forces and there is
+  little Ottawa can do about it, Finance Minister Michael Wilson
+  said.
+      "If you can tell me how we can get the international energy
+  price up and how we can get the price for copper up and how we
+  can get the price for wheat up, then we will listen," Wilson
+  told the House of Comnons Finance Committee.
+      Although under pressure from oil companies and wheat
+  farmers for help in battling depressed commodity prices, Wilson
+  said it has to be recognized the area was a "prisoner of market
+  forces outside the boundaries of this country."
+      Wilson, appearing before the committee to discuss the
+  government's spending estimates released earlier this week,
+  said the government is doing what it can in the region, citing
+  more than 3.5 billion dlrs in aid for western agriculture.
+      "Those resources are a reflection of very real concerns on
+  our part in dealing with a very difficult problem," Wilson said
+  in response to questions about management of the economy from
+  opposition party members.
+      He said the long term answer for depressed regions of the
+  country was reaching a free trade pact with the United States,
+  which he claimed would improve the outlook for Western Canada.
+  
+
diff --git a/reuters/training/2079 b/reuters/training/2079
new file mode 100644
index 0000000000000000000000000000000000000000..226386bb3bd03216f4638ccb212381cd45db3a68
--- /dev/null
+++ b/reuters/training/2079
@@ -0,0 +1,9 @@
+AMERICAN SOFTWARE <AMSWA> SETS STOCK SPLIT
+  American Software Inc said its board
+  declared a three-for-two stock split on Class A and Class B
+  common shares, payable March 31, record March 16.
+      The company said it expects to increase its semiannual
+  dividend 12.5 pct to six cts per share post-split from eight
+  cts pre-split.
+  
+
diff --git a/reuters/training/2080 b/reuters/training/2080
new file mode 100644
index 0000000000000000000000000000000000000000..5ffbbc7d94c2a389175792480ca0c669cd6227d1
--- /dev/null
+++ b/reuters/training/2080
@@ -0,0 +1,23 @@
+COMDATA <CDN> IN MERGER AGREEMENT
+  Comdata Network Inc said
+  it has entered into a letter of intent with a limited
+  partnership managed by Welsh, Carson, Anderson and Stowe (WCAS)
+  to merge Comdata into a corproration to be formed by WCAS.
+      Comdata said in the merger each share of the company's
+  stock would be converted at the holders election into either 15
+  dlrs in cash or a combination of 10 dlrs in cash and a unit of
+  securities including common stock.
+      Comdata said the terms are subject to the condition that
+  WCAS' affiliate investors would own a minimum of 60 pct of the
+  fully diluted stock of the new entity.
+      Comdata said WCAS and its affiliate investors would commit
+  50 mln dlrs to buy the securities comprising the new entities
+  units of securities resulting from the merger in the same
+  proportions and at the same price as the company shareholders.
+      Comdata said the move is subject to execution of definitive
+  agreement and approval by Comdata shareholders as well as
+  obtaining up to 200 mln dlrs in debt financing.
+      WCAS told Comdata it believes that it can get commitments
+  for this financing.
+  
+
diff --git a/reuters/training/2087 b/reuters/training/2087
new file mode 100644
index 0000000000000000000000000000000000000000..c6cdb90043bbfef94f30054296539d91dcc6fa13
--- /dev/null
+++ b/reuters/training/2087
@@ -0,0 +1,31 @@
+SOYBEAN GROUP HEAD URGES USDA ACTION ON LOAN
+  The Agriculture Department must make
+  a decision soon on how to change the current U.S. soybean loan
+  or more soybeans will continue to be forfeited to the
+  government and foreign soybean production will increase, the
+  president of the American Soybean Association, ASA, said.
+      "The USDA will have to bite the bullet one way or another
+  ... USDA can dodge and dart around it (the soybean loan) as
+  much as they want, but they have to eventually address this
+  problem," David Haggard, ASA president, told Reuters.
+      USDA is not offering any new soybean loan options, and
+  Agriculture Secretary Richard Lyng has not consulted ASA on the
+  soybean loan, Haggard said.
+      "I don't know if USDA is really very serious about
+  addressing the soybean loan problem," he said.
+      At ASA's annual winter board of directors meeting here, ASA
+  leaders refused to change their official position on the  loan
+  -- still calling for income support at 5.02 dlrs.
+      The association backs current bills of Rep. Bill Emerson,
+  R-Mo. and Sen. Thad Cochran, R-Miss., which call for either a
+  5.02 marketing loan or a producer option payment.
+      Haggard said he does not know what chances the ASA-backed
+  proposals have but said, "in all honesty, we do not want to see
+  the farm bill be torn apart."
+      He said if USDA feels it cannot withdraw its opposition to
+  a market loan, there are still numerous ways the USDA could
+  change the loan without new legislation.
+      Making the loan partially in certificates which would not
+  have to be paid back would be one option, he said.
+  
+
diff --git a/reuters/training/2089 b/reuters/training/2089
new file mode 100644
index 0000000000000000000000000000000000000000..ace4472e2a94219bc756c992cdbc10db203ef6df
--- /dev/null
+++ b/reuters/training/2089
@@ -0,0 +1,6 @@
+<WAJAX LTD> YEAR NET
+  Shr 78 cts vs 1.16 dlrs
+      Net 6.7 mln vs 9.5 mln
+      Revs 278 mln vs 290 mln
+  
+
diff --git a/reuters/training/209 b/reuters/training/209
new file mode 100644
index 0000000000000000000000000000000000000000..5ed3a148f0ad891e0886ab976ab2b9b74543215a
--- /dev/null
+++ b/reuters/training/209
@@ -0,0 +1,85 @@
+FRANCE FACES PRESSUE TO CHANGE POLICIES
+  France's right wing government is facing
+  growing pressure to modify its economic policies after revising
+  down its 1987 growth targets and revising up its inflation
+  forecasts for this year.
+      Moving reluctantly into line with most private sector
+  forecasts the government yesterday raised its 1987 inflation
+  estimate a half percentage point to 2.5 per cent and cut its
+  economic growth estimate to between two and 2.8 per cent from a
+  2.8 per cent target written into the annual budget last
+  september.
+      Finance Minister Edouard Balladur said the revised figures
+  would not push the government off its chosen mix of price
+  deregulation, budget-cutting rigour and pay restraint.
+      But Trade Union leaders served immediate notice they would
+  push to protect the purchasing power of their members, raising
+  the spectre of a vicious spiral of wage and price rises.
+      And bank economists contacted by Reuters said they believed
+  Prime Minister Jacques Chirac could be forced by slow growth
+  and rising unemployment to reflate the economy later this year,
+  perhaps in the autumn, to boost his prospects in Presidential
+  elections due by April 1988.
+      "The outlook is more worrying than it was a few weeks ago,"
+  said Societe Generale economist Alain Marais. "We have the
+  impression it may be difficult to get even two per cent growth
+  this year."
+      "The big question is whether the government's policy of wage
+  moderation will be maintained," he added.
+      The government has set public sector wage rises at aboout
+  1.7 per cent this year, with a three per cent ceiling for rises
+  justified by increased productivity.
+      But the head of the socialist CFDT union federation, Edmond
+  Maire, meeting with Chirac today, renewed union demands already
+  rejected by the government for indexation clauses to be built
+  into future pay contracts to safeguard workers against higher
+  prices.
+      Calling the government's policies "unbalanced and unjust," he
+  also demanded investment incentives to boost employment. He
+  announced after his meeting that Chirac had told him the
+  government would spend two billion francs on a series of
+  measures to boost employment and training
+      Andre Bergeron, a widely respected leader of the moderate
+  Force Ouvriere labour group, put similar demands to Chirac
+  earlier in the week while the Communist-led CGT, the largest of
+  France's unions, declared the defence of its members earnings
+  its top priority.
+      But with unemployment nearing 11 per cent last month, and
+  still rising, government supporters and some economic analysts
+  said they were confident Chirac could resist union pay demands.
+      "Salary indexation was ended by the previous Socialist
+  government and I dont think this administration is going to
+  reverse that," commented Michel Develle, economist at
+  recently-privatised Banque Paribas.
+      Damaging transport and electricity strikes over Christmas
+  and the New Year, partly blamed by the government for higher
+  inflation, had undermined the unions power and popularity, he
+  said.
+      Develle said Paribas expected inflation to rise even more
+  than the governments revised forecast, perhaps to 2.6 or 2.7
+  per cent this year against last years 2.1 per cent.
+      "But that would still be an exceptional achievement
+  considering that for the first time since the Second World War
+  all french prices have been freed," he commented.
+      Finance Ministry officials said that the governments
+  abolition of price and rent controls last year was responsible
+  for nearly a quarter of a 0.9 per cent surge in January living
+  costs.
+      But they claimed it was a once-off phenomenon that should
+  have no knock-on impact on the rest of the year.
+      Both Marais and Develle said they agreed with that, so long
+  as the government kept wages under control.
+      Prices could rise 1.5 per cent in the first three months of
+  1987 and two per cent in the first half year, fractionally more
+  than forecast this week by the National Statistics Institute,
+  INSEE,  Marais said. But the second half year should be better,
+  he added.
+      Ironically, one side effect of higher inflation could be to
+  help the government achieve its aim of cutting the state budget
+  deficit, several analysts said.
+      So long as public sector wages are held down, higher Value
+  Added Tax receipts resulting from rising prices should offset a
+  loss in revenues that otherwise would result from slower than
+  expected growth, they said.
+  
+
diff --git a/reuters/training/2092 b/reuters/training/2092
new file mode 100644
index 0000000000000000000000000000000000000000..f31873dd97adae673400b43bd0b2a9e1ad903fdb
--- /dev/null
+++ b/reuters/training/2092
@@ -0,0 +1,12 @@
+AMERICAN SOFTWARE INC <AMSWA> 3RD QTR JAN 31 NET
+  Shr 42 cts vs 19 cts
+      Net 2,903,000 vs 1,307,000
+      Revs 13.1 mln vs 8,937,000
+      Avg shrs 6,877,360 vs 6,874,970
+      Nine mths
+      Shr 98 cts vs 62 cts
+      Net 6,740,000 vs 4,085,000
+      Revs 33.9 mln vs 27.8 mln
+      Avg shrs 6,875,706 vs 6,605,879
+  
+
diff --git a/reuters/training/2095 b/reuters/training/2095
new file mode 100644
index 0000000000000000000000000000000000000000..32bf6f3f0c236af5f5c1c75215314d1b9f9e8b96
--- /dev/null
+++ b/reuters/training/2095
@@ -0,0 +1,17 @@
+NO SOVIET WHEAT BONUS TALK PLANNED FOR MEETING
+  U.S. Agriculture Secretary Richard
+  Lyng does not intend to discuss a wheat export enhancement
+  initiative to the Soviet Union at a cabinet-level Economic
+  Policy Council meeting set for tomorrow, an aide to Lyng said.
+      "He (Lyng) does not intend to bring it up," the aide said,
+  adding that the subsidy offer remains "dormant."
+      Lyng plans to spend "about five minutes" reviewing the status
+  of farm legislation on Capitol Hill before the Economic Policy
+  Council, which is responsible for guiding the administration's
+  economic policy, the aide said.
+      The USDA secretary met this morning with members of the
+  House Foreign Affairs Committee, but the handful of lawmakers
+  present did not ask whether the administration intended to
+  offer Moscow a wheat export bonus, the aide said.
+  
+
diff --git a/reuters/training/2097 b/reuters/training/2097
new file mode 100644
index 0000000000000000000000000000000000000000..5a71bf58275ac47c2f2b2e2f01a166f61e5d0763
--- /dev/null
+++ b/reuters/training/2097
@@ -0,0 +1,19 @@
+BANKAMERICA <BAC> TO SELL GERMAN BANKING UNIT
+  BankAmerica Corp said it agreed to
+  sell <Bankhaus Centrale Credit AG>, its German consumer banking
+  subsidiary, and German credit card operations to <Banco de
+  Santander> of Spain.
+      Terms were not disclosed. The deal is expected to close in
+  the second quarter, the bank holding company said.
+      Bankhaus Centrale Credit, with 31 branches, had total
+  assets of 927 mln marks at year-end 1986. The credit card
+  operation services 115,000 Visa card holders and 35,000
+  merchants in Germany, it said.
+      Reached later, a BankAmerica spokesman said the company
+  would record a pretax gain of 45 mln dlrs from the
+  transactions.
+      The spokesman declined, however, to disclose the price paid
+  for the operations by Banco de Santander or other terms of the
+  deal.
+  
+
diff --git a/reuters/training/2098 b/reuters/training/2098
new file mode 100644
index 0000000000000000000000000000000000000000..ddfdf39e29500d2b3d5a0e3dbf025e344dc5a9c1
--- /dev/null
+++ b/reuters/training/2098
@@ -0,0 +1,5 @@
+ French official reserves 375.95 billion francs end Jan (421.00 billion end Dec) - official
+
+   French official reserves 375.95 billion francs end Jan (421.00 billion end Dec) - official
+  
+
diff --git a/reuters/training/2099 b/reuters/training/2099
new file mode 100644
index 0000000000000000000000000000000000000000..4381eb40a0fd5212557f72bd34e901eff01b9da0
--- /dev/null
+++ b/reuters/training/2099
@@ -0,0 +1,13 @@
+COPLEY PROPERTIES INC <COP> 4TH QTR NET
+  Shr 30 cts vs 36 cts
+      Net 1,211,000 vs 1,428,000
+      Revs 1,536,000 vs 1,743,000
+      Year
+      Shr 1.36 dlrs vs 62 cts
+      Net 5,438,000 vs 2,498,000
+      Revs 6,567,000 vs 2,971,000
+      NOTE: Company began operations after its July 29, 1985
+  public offering, therefore annual data are not directly
+  comparable.
+  
+
diff --git a/reuters/training/210 b/reuters/training/210
new file mode 100644
index 0000000000000000000000000000000000000000..19f76c7fede7ed1e2f941ae2d0f0508381d0c31f
--- /dev/null
+++ b/reuters/training/210
@@ -0,0 +1,15 @@
+GTI CORP <GTI> 4TH QTR OPER NET
+  Oper shr profit six cts vs loss two cts
+      Oper net profit 225,000 vs loss 91,000
+      Revs 4,814,000 vs 3,339,000
+      Year
+      Oper shr profit 12 cts vs loss two cts
+      Oper net profit 415,000 vs loss 73,000
+      Revs 16.4 mln vs 16.9 mln
+      Note: data does not include from discontinued operations,
+  4th qtr 1986 gain of 632,000 dlrs, or 19 cts per shr; 4th qtr
+  1985 loss of 250,000 dlrs, or seven cts per shr; 1986 year loss
+  of 4,054,000 dlrs, or 1.17 dlrs per shr; and 1985 year loss of
+  606,000 dlrs, or 17 cts per shr.
+  
+
diff --git a/reuters/training/2101 b/reuters/training/2101
new file mode 100644
index 0000000000000000000000000000000000000000..b4f74f4a9d7d16f070e9ae2268729e674e95d2a0
--- /dev/null
+++ b/reuters/training/2101
@@ -0,0 +1,10 @@
+UNITIL CORP <UTL> 4TH QTR NET
+  Shr 79 cts vs 72 cts
+      Net 581,915 vs 536,040
+      Revs 13.9 mln vs 13.3 mln
+      Year
+      Shr 3.28 dlrs vs 3.21 dlrs
+      Net 2,413,407 vs 2,360,048
+      Revs 54.9 mln vs 54.2 mln
+  
+
diff --git a/reuters/training/2102 b/reuters/training/2102
new file mode 100644
index 0000000000000000000000000000000000000000..73fd49e8104d0aa90ccdd5f9468110ea7a05a45c
--- /dev/null
+++ b/reuters/training/2102
@@ -0,0 +1,7 @@
+RYDER <RDR> BUYS BRITISH CALEDONIAN UNIT
+  Ryder System Inc said it has acquired
+  Caledonian Airmotive Ltd from <British Caledonian Group PLC>
+  for undisclosed terms.
+      Caledonian Airmotive repairs and rebuilds aircraft engines.
+  
+
diff --git a/reuters/training/2107 b/reuters/training/2107
new file mode 100644
index 0000000000000000000000000000000000000000..5bd8c1293de6a8845af62aed4dfc9ee85f5441f3
--- /dev/null
+++ b/reuters/training/2107
@@ -0,0 +1,11 @@
+TRELLEBORG TAKE LARGER SLICE OF BOLIDEN
+  Swedish tyres, process equipment and
+  components firm <Trelleborg AB> said it was taking a larger
+  stake in mining and metals concern Boliden AB <BLDS.ST> than it
+  had originally intended.
+      Trelleborg had previously announced it was exercising an
+  option to acquire up to 65 pct of Boliden's voting rights.
+      In a statement, the company said they had received offers
+  of up to 68 pct of the rights, and that they would accept all.
+  
+
diff --git a/reuters/training/2108 b/reuters/training/2108
new file mode 100644
index 0000000000000000000000000000000000000000..0867aae7f627e60bdf29aad4843f864adc16bc5c
--- /dev/null
+++ b/reuters/training/2108
@@ -0,0 +1,25 @@
+POLAROID <PRD> UP ON REAFFIRMED OPINION
+  Shares of Polaroid Corp rose following
+  a reiterated recommendation by Merrill Lynch and Co that
+  focused on strong earnings momentum for the company, traders
+  said.
+      "We have been recommending the stock since it was in the
+  50s, but we reiterated today because of expectations of strong
+  earnings momentum, its benefits from the lower dollar and
+  anticipation of nice gains in margins," Merrill Lynch
+  analyst Charles Ryan said. He said a negative opinion by
+  another brokerage house hurt the stock Wednesday, and it can be
+  bought at a relatively bargain price today.
+      Ryan said "you always have to look at Polaroid at its
+  weakness. Its a volatile stock that has to be caught on
+  weakness." Polaroid's stock, which gained more than a point
+  early this morning, was trading at 76-1/8, up 5/8. It was down
+  over three points Wednesday morning before closing down 7/8.
+      "Polaroid is working overtime on production of cameras and
+  film, so we expect first quarter earnings to be up about 40
+  pct," Ryan said, estimating earnings of 70 cts a share in the
+  first quarter compared to 52 cts a share earned a year earlier.
+  He expects the company to earn four dlrs a share in 1987 as
+  compared to 3.34 dlrs a share last year.
+  
+
diff --git a/reuters/training/2109 b/reuters/training/2109
new file mode 100644
index 0000000000000000000000000000000000000000..ef220e3fd384981aee458dd0dac823d3458e3e6d
--- /dev/null
+++ b/reuters/training/2109
@@ -0,0 +1,7 @@
+SWEDISH MATCH AB <SMBS.ST> 1986 YEAR
+  Profit after net financial items
+      500 mln crowns vs 359 mln
+      Sales 10.90 billion crowns vs 10.72 billion
+      Proposed dividend 12.50 crowns vs 10.50 crowns
+  
+
diff --git a/reuters/training/211 b/reuters/training/211
new file mode 100644
index 0000000000000000000000000000000000000000..0fd6b4a5bea61f434117411ffa5b08d4cb8dca46
--- /dev/null
+++ b/reuters/training/211
@@ -0,0 +1,14 @@
+HOUSTON OIL <HO> RESERVES STUDY COMPLETED
+  Houston Oil Trust said that independent
+  petroleum engineers completed an annual study that estimates
+  the trust's future net revenues from total proved reserves at
+  88 mln dlrs and its discounted present value of the reserves at
+  64 mln dlrs.
+      Based on the estimate, the trust said there may be no money
+  available for cash distributions to unitholders for the
+  remainder of the year.
+      It said the estimates reflect a decrease of about 44 pct in
+  net reserve revenues and 39 pct in discounted present value
+  compared with the study made in 1985.
+  
+
diff --git a/reuters/training/2110 b/reuters/training/2110
new file mode 100644
index 0000000000000000000000000000000000000000..65ea214e09d6b048d2b63fee37e40c79f4cfcf77
--- /dev/null
+++ b/reuters/training/2110
@@ -0,0 +1,36 @@
+FRENCH OFFICIAL RESERVES FALL SHARPLY IN JANUARY
+  French official reserves fell 45.06
+  billion francs to 375.95 billion at the end of January from
+  421.00 billion at the end of December, the Finance Ministry
+  said in a statement.
+      It said the fall was largely due to sales of foreign
+  currency that preceded the January 11 realignment of the
+  European Monetary System (EMS).
+      Foreign currency reserves fell by 8.91 billion francs
+  during the month, the ministry said.
+      This reflected outflows of 10.26 billion francs through
+  operations of the French exchange stabilisation fund,
+  counterbalanced by a gain of 1.35 billion francs resulting from
+  the quarterly adjustment in the value of dollar deposits held
+  with the European Monetary Cooperation Fund (FECOM).
+      But most of the decline reflected a 33.90 billion franc
+  deficit that France built up during the month with FECOM as a
+  result of using very short-term financing instruments.
+      The Bank of France, in conjunction with the Bundesbank and
+  other central banks, intervened heavily in foreign exchange
+  markets between late December and the January 11 EMS accord, in
+  an attempt to hold down the mark, which was attracting a flight
+  of funds from the dollar, and simultaneously shore up the
+  franc.
+      On January 11, the mark was revalued by three pct against
+  the French franc, relieving pressure on the French currency.
+      The fall in foreign exchange reserves took these reserves
+  to 98.83 billion francs at the end of January from 107.74
+  billion at end December.
+      Gold reserves were unchanged at 218.45 billion francs.
+      Reserves of European Currency Units fell to 73.25 billion
+  francs from 75.27 billion at end December.
+      Claims on the International Monetary Fund fell 219 mln
+  francs to 19.31 billion francs.
+  
+
diff --git a/reuters/training/2112 b/reuters/training/2112
new file mode 100644
index 0000000000000000000000000000000000000000..77a913ad71ebb434cf405790c0bac6546bcd9299
--- /dev/null
+++ b/reuters/training/2112
@@ -0,0 +1,14 @@
+SL INDUSTRIES INC <SL> 2ND QTR JAN 31 NET
+  Oper shr 22 cts vs 20 cts
+      Oper net 1,153,000 vs 1,068,000
+      Revs 15.7 mln vs 15.8 mln
+      Six mths
+      Oper shr 38 cts vs 38 cts
+      Oper net 2,039,000 vs 2,051,000
+      Revs 31.4 mln vs 31.6 mln
+      NOTE: exlcudes 145,000 discontinued operations for 1986
+  oper net for six mths for sale of electronics division.
+      Oper shr for qtr and six mths 1986 adjusted for stock split
+  and dividend distribution in November.
+  
+
diff --git a/reuters/training/2114 b/reuters/training/2114
new file mode 100644
index 0000000000000000000000000000000000000000..6c8129f5188acf1e8feee95ebd2df988feabc775
--- /dev/null
+++ b/reuters/training/2114
@@ -0,0 +1,13 @@
+GENERAL REFRACTORIES <GRX> TO SELL OPERATIONS
+  General Refractories Co said it
+  agreed to sell its European refractories and building products
+  operations for about 62 mln dlrs to an Austrian investor group.
+      The European operations had sales of 186 mln dlrs in 1985,
+  the last year for which results have been released, the company
+  said.
+      The sale, to a group headed by Girozentrale Bank of
+  Austria, is subject to shareholder approval by April 24, 1987,
+  it said. Its board has approved the deal, it said.
+      General Refractories' mineral operations are not affected.
+  
+
diff --git a/reuters/training/2115 b/reuters/training/2115
new file mode 100644
index 0000000000000000000000000000000000000000..b1cf7841520ce8f93ac6cf9cbf73ce49b87ac65d
--- /dev/null
+++ b/reuters/training/2115
@@ -0,0 +1,59 @@
+BRAZIL HAS NO SET COFFEE EXPORT TARGETS - IBC
+  Brazil has no set target for
+  its coffee exports following this week's breakdown of
+  International Coffee Organization talks on export quotas,
+  President of the Brazilian Coffee Institute, IBC, Jorio Dauster
+  said.
+      He told a press conference Brazil now had to reconsider its
+  export plans and that the 15.5 mln bag export figure which it
+  had proposed for itself earlier should no longer be taken as
+  the country's export target to ICO-member countries.
+      The 15.5 mln bag offer had been made on the assumption an
+  agreement would bring stability to world markets, he added.
+      It had been a gesture to ease negotiations, but the lack of
+  an agreement leaves it no longer valid and exports could be
+  above or below 15.5 mln bags, he said.
+      Dauster said he would talk to producers, exporters and
+  market analysts before taking any decision on export policy,
+  but any future policy would be flexible and adjusted to market
+  conditions.
+      "We will not take any short-term decisions which might cause
+  markets to panic," Dauster added.
+      He said it would be a policy which shows Brazil has coffee
+  to sell and that it could do so without an ICO agreement.
+      "Brazil has coffee (to sell) and wants to show that it does
+  not need an ICO agreement as a crutch," Dauster said.
+      Commenting on the breakdown of the talks, Dauster said
+  consumer proposals would have implied a reduction of one to two
+  mln bags in Brazil's export quotas.
+      "It was a proposal which would lead to a substantial loss
+  for Brazil and which would be difficult for the country to
+  recover," he said.
+      The consumer proposal to base quotas on a six-year moving
+  average of exportable production surpluses would lead to
+  overproduction as countries boosted output to win higher
+  quotas, he said.
+      Dauster rejected reports which said Brazil's inflexibility
+  had been the cause for the breakdown of talks, noting that its
+  stance had the backing of 85 pct of producing countries.
+      Close links would continue with these producers,
+  particularly Colombia, Mexico and Francophone African
+  countries, but Dauster said no joint marketing action was
+  envisaged at present.
+      He also said Brazil currently had no plans to return to a
+  system of roaster buying contracts, although "no hypothesis has
+  been abandoned."
+      Dauster said he had not yet decided when registrations for
+  May shipment coffee will be opened.
+      He declined comment on whether the IBC will adopt a policy
+  of opening registrations for up to six months in advance, as
+  some exporters had suggested.
+      He noted export registrations for the first four months of
+  the year totalled around 5.5 mln bags, more than half the 9.9
+  mln exported in 1986 when drought reduced the crop to between
+  11.2 mln and 12 mln bags.
+      He said that, although he had heard forecasts of 30 mln
+  bags for the coming crop, the IBC would not make any estimate
+  until late April.
+  
+
diff --git a/reuters/training/2116 b/reuters/training/2116
new file mode 100644
index 0000000000000000000000000000000000000000..f4c6719ff87bd6efe37c442fb09593fbfa86bb22
--- /dev/null
+++ b/reuters/training/2116
@@ -0,0 +1,14 @@
+PEPSICO <PEP> UPGRADED BY KIDDER PEABODY
+  Kidder Peabody and Co analyst Roy Burry
+  issued a strong buy recommendation on Pepsico Inc, citing an
+  improved profit outlook for both domestic soft drinks and
+  Frito-Lay snack foods.
+      Pepsico climbed 7/8 to 34-3/4 on 615,000 shares by
+  midmorning.
+      Burry forecast earnings of 2.00 dlrs per share in 1987 and
+  2.30 dlrs in 1988. In 1986 the company earned 1.75 dlrs per
+  share. Burry previously had a sell recommendation on Pepsico.
+  "We're looking at 10 to 15 pct earnings growth for Frito-lay in
+  1987, a trend that should continue through the decade."
+  
+
diff --git a/reuters/training/2118 b/reuters/training/2118
new file mode 100644
index 0000000000000000000000000000000000000000..e2c1fec85d6ed7eae6bd0e4c614add5a9307db86
--- /dev/null
+++ b/reuters/training/2118
@@ -0,0 +1,45 @@
+SHAD SEES PROGRESS ON INSIDER TRADING
+  Securities and Exchange Commission
+  chairman John Shad said progress was being made in stopping
+  insider trading, but the chairman of a House subcommittee with
+  jurisdiction over securities laws said he was concerned about
+  conditions on Wall Street.
+      "Greed has created a feeding frenzy on Wall Street and in
+  the process laws are broken and multi-billion dlr corporations
+  have become easy prey," Rep. Edward Markey, D-Mass, the
+  chairman of the Telecommunications and Finance said at the
+  start of a hearing on SEC activities.
+      "Congress is understandably nervous. We perceive the
+  current scandals as a warning of even worse things to come,"
+  Markey said. "The frenzy and disruption created by merger mania
+  is particularly distressing."
+      Shad said the recent cases involving Ivan Boesky, Dennis
+  Levine and others was a warning that those who engage in
+  insider trading were taking a heavy risk of imprisonment, high
+  fines and disbarment from the securities industry.
+      "Insider trading has not been eradicated, but it has been
+  inhibited and multimillions of dollars of profits that Boesky
+  and others have been siphoning off the markets are now flowing
+  through to legitimate investors and traders," Shad said in his
+  statement.
+      Shad said insider trading cases involved only 10 pct or
+  less of SEC enforcement actions in recent years but they have
+  increased significantly to 125 cases brought during the past
+  five years compared to 77 cases in the preceeding 47 years.
+      Markey said he did not favor banning takeovers but thought
+  the tender offer process needed reform including earlier
+  disclosure of takeover attempts.
+      N.J. Rep. Mathew Rinaldo, the senior subcommittee
+  Republican, said he was introducing legislation to create a
+  five member commission to study the securities industry for a
+  year and report its findings and recommendations to Congress.
+  Commission members would be appointed by the SEC.
+      "Its primary mission would be to analyze the extent of
+  illegal trading on insider trading and to assess the adequacy
+  of existing surveillance systems and government oversight
+  operations. The commission would advise Congress as to what
+  additional resources or civil or criminal remedies are needed
+  to combat fraud and improve compliance with federal laws,"
+  Rinaldo said.
+  
+
diff --git a/reuters/training/212 b/reuters/training/212
new file mode 100644
index 0000000000000000000000000000000000000000..787cdc565db9b9b1e5f7d5f8a90adac3ad4e6afd
--- /dev/null
+++ b/reuters/training/212
@@ -0,0 +1,13 @@
+FAMOUS RESTAURANTS INC <FAMS> 4TH QTR LOSS
+  Shr loss 2.07 dlrs vs loss eight cts
+      Net loss 11,445,000 vs loss 501,000
+      Revs 14.5 mln vs 11.0 mln
+      Year
+      Shr loss 1.91 dlrs vs profit four cts
+      Net loss 12,427,000 vs profit 211,000
+      Revs 60.8 mln vs 51.5 mln
+      Note: includes non-recurring charges of 12,131,000 dlrs in
+  the 4th qtr and 12,500,000 dlrs in the year for reserve for
+  underperforming restaurants.
+  
+
diff --git a/reuters/training/2121 b/reuters/training/2121
new file mode 100644
index 0000000000000000000000000000000000000000..7ff663ba330b6af0b849c0c1fda7ca7c7e703410
--- /dev/null
+++ b/reuters/training/2121
@@ -0,0 +1,45 @@
+OPEC SAYS FEBRUARY OUTPUT UNDER CEILING
+  OPEC output in February was "well below"
+  the 15.8 mln bpd ceiling it set in December and all countries
+  are strictly adhering to their quotas, the OPEC news agency
+  Opecna quoted an OPEC secretariat official as saying.
+      The official was quoted as saying that lower output was the
+  result "of member countries' firm determination to defend the
+  organisation's official price of 18 dlrs per barrel, and to
+  refrain from selling any quantity below that price."
+      The unnamed official was further quoted as saying that no
+  OPEC meeting was foreseen before the next biannual OPEC session
+  planned to start on June 25.
+      The official gave no figure for February output. The
+  statement said only that "the reduction in total supplies,
+  namely actual exports of crude oil and products, plus local
+  deliveries in member countries, is even more pronounced as
+  those supplies fell very noticeably during that month."
+      "No matter what the pressure on member countries by lifters
+  to align the official selling price to the ongoing market
+  price, member countries are, without exception, strictly
+  adhering to the official selling price in spite of the
+  financial hardship this may entail," the statement said.
+      "The very recent improvement in the price structure is an
+  indicator of such determination by the organization to stick to
+  the official selling price," the statement said.
+      Free spot market prices rose from around 14.50 dlrs a
+  barrel in early December last year to near OPEC's official
+  levels towards the end of the year, after the OPEC pact.
+      There has been oil industry speculation that OPEC might
+  have to hold an extraordinrary meeting prior to its scheduled
+  June session to discuss reports of overproduction by some
+  states and strains on the differential matrix, which prices
+  each OPEC crude according to its quality and distance from main
+  markets.
+      The official said in the statement that no such emergency
+  session was scheduled "because of member countries' firm
+  determination to defend the price (system)" agreed in December.
+      Opec"s differential committee was to have met in Vienna
+  starting April 2 but this session has been postponed, with no
+  new date set, according to an official of the United Arab
+  Emirates, which chairs the seven-state body.
+      Other members are Algeria, Kuwait, Saudi Arabia, Libya,
+  Nigeria and Qatar.
+  
+
diff --git a/reuters/training/2122 b/reuters/training/2122
new file mode 100644
index 0000000000000000000000000000000000000000..99ea9d9d391ffd6af8203726d728b4641ce509e3
--- /dev/null
+++ b/reuters/training/2122
@@ -0,0 +1,5 @@
+CANADIAN IMPERIAL BANK OF COMMERCE 1ST QTR SHARE BASIC 61 CTS VS 64 CTS
+
+  CANADIAN IMPERIAL BANK OF COMMERCE 1ST QTR SHARE BASIC 61 CTS VS 64 CTS
+  
+
diff --git a/reuters/training/2126 b/reuters/training/2126
new file mode 100644
index 0000000000000000000000000000000000000000..a54d2c04578323aff0307a29a04ef8d327548ae0
--- /dev/null
+++ b/reuters/training/2126
@@ -0,0 +1,11 @@
+PERKIN-ELMER <PKN> ACQUIRES HIGH TECH FIRM
+  Perkin-Elmer Corp said it
+  acquired <Atomika Technische Physik>, based in Munich, West
+  Germany, a high technology concern specializing in surface
+  science instruments.
+      Terms of the acquisition were not disclosed.
+      It said Atomika will became a part of its Physical
+  Electronics Division, based in Eden Prairie, Minn., The
+  division is part of its Materials Surface Technology Group.
+  
+
diff --git a/reuters/training/2128 b/reuters/training/2128
new file mode 100644
index 0000000000000000000000000000000000000000..ccfb3373a64b984dbb99ddd6877c00e8d324e722
--- /dev/null
+++ b/reuters/training/2128
@@ -0,0 +1,38 @@
+U.S. OKAYS USAIR <U> PACIFIC SOUTHWEST PURCHASE
+  The U.S. Department of Transportation
+  said it gave final approval to USAir Group's proposed 400 mln
+  dlr acquisition of Pacific Southwest Airlines.
+      The department said the acquisition is not likely to
+  substantially lessen competition and would not harm the public
+  interest.
+      The department had given its tentative approval of the
+  acquisition in January.
+      The department said it decided to make final its tentative
+  decision after reviewing the public response to it.
+      The agency said it rejected an assertion by Air North
+  America, which currently is not operating but plans to start
+  service to some of the cities served by USAIR and PSA, that the
+  acquisition would lessen chances of new entry into those
+  markets by other carriers.
+      The agency said Air North America provided no support for
+  its claim that the transaction would give the two carriers
+  monopoly power in some markets.
+      The transportation agency said Air North America also
+  failed to show that there are barriers that would prevent new
+  entrants into those markets or prevent other carriers from
+  increasing their service.
+      The agency noted in its final order that PSA operates
+  exclusively in the West and Mexico while USAir serves the West
+  for the most part with some long-haul flights from the East and
+  Midwest.
+      The two carriers serve five point in common; Los Angeles,
+  San Diego, San Francico, Phoenix and Tucsonm, the agency said.
+       The transportation department also rejected a request by
+  the Teamsters Union, which represents some PSA workers, to
+  require protections for PSA workers.
+      The agency noted that USAir has promised to give protective
+  benefits to PSA workers and that unions representing PSA
+  workers have collective bargaining agreements that provide such
+  protections.
+  
+
diff --git a/reuters/training/213 b/reuters/training/213
new file mode 100644
index 0000000000000000000000000000000000000000..f8686b131e5c946f368594d0633068a14e51cc80
--- /dev/null
+++ b/reuters/training/213
@@ -0,0 +1,21 @@
+JAPAN CONSUMER PRICES FALL 0.4 PCT IN JANUARY
+  Japan's unadjusted consumer price index
+  (base 1985) fell 0.4 pct to 99.7 in January from the previous
+  month, the government's Management and Coodination Agency said.
+      The fall compares with a decline of 0.2 pct in December.
+      The January index compared with a year earlier was down 1.1
+  pct, the first drop larger than 1.0 pct since it fell 1.3 pct
+  in September 1958.
+      Food costs rose in January from December but prices fell
+  for clothing, footwear and utilities, causing the overall
+  decline for the month.
+      Housing, medical and educations costs increased in January
+  compared with a year earlier but the cost of utilities,
+  gasoline and vegetables fell.
+      The unadjusted consumer price index for the Tokyo area
+  (base 1985) was down 0.1 pct in mid-February from a month
+  earlier at 100.2, reflecting lower prices for food, clothing
+  and footwear. Compared with a year earlier, the index was down
+  0.7 pct due to lower vegetable, fuel oil and utility costs.
+  
+
diff --git a/reuters/training/2130 b/reuters/training/2130
new file mode 100644
index 0000000000000000000000000000000000000000..ce00076adf5ab4ec321552e58584c587cb1379a8
--- /dev/null
+++ b/reuters/training/2130
@@ -0,0 +1,21 @@
+MCI <MCIC> PRESIDENT SEES PROFIT IMPROVEMENT
+  MCI Communications Corp President
+  Bert Roberts said he expects MCI's financial performance to
+  improve in the current quarter compared to the previous
+  quarter.
+      He said American Telephone and Telegraph Co long-distance
+  rate cuts had cut into MCI's fourth quarter performance but
+  added: "There's going to be a continuing impact (on profits) but
+  we expect this quarter to be better than the fourth quarter."
+      The current quarter ends March 31.
+      For the fourth quarter, MCI reported a 448 mln dlr loss,
+  due mainly to write-offs and staff reductions.
+      Roberts said the ATT long-distance rate reductions, which
+  had been ordered by the Federal Communications Commission have
+  had "A significantly negative impact on our profits."
+      As reported earlier today, MCI said it plans to ask the FCC
+  to immediately deregulate ATT, apparently in hopes that an
+  unregulated ATT would pocket a greater proportion of its
+  revenues rather than cut rates further.
+  
+
diff --git a/reuters/training/2133 b/reuters/training/2133
new file mode 100644
index 0000000000000000000000000000000000000000..edca3fb8d50550a1d317052aba9a39215c49bf03
--- /dev/null
+++ b/reuters/training/2133
@@ -0,0 +1,12 @@
+NATIONAL GYPSUM CO 4TH QTR NET
+  Net 5,521,000 vs NA
+      Revs 358.1 mln vs 359.0 mln
+      Year
+      Net 55.3 mln vs NA
+      Revs 1.43 billion vs 1.34 billion
+      NOTE: Current year includes earnings of 49.6 mln dlrs for
+  the four months ended April 30, 1986. Year-ago earnings not
+  comparable because of acquisition by Aancor Holdings Inc on
+  April 29, 1986.
+  
+
diff --git a/reuters/training/2136 b/reuters/training/2136
new file mode 100644
index 0000000000000000000000000000000000000000..e90643615a86d01e164223ee47829d91cd43dd9c
--- /dev/null
+++ b/reuters/training/2136
@@ -0,0 +1,5 @@
+ZAYRE CORP 4TH QTR SHR 73 CTS VS 60 CTS
+
+  ZAYRE CORP 4TH QTR SHR 73 CTS VS 60 CTS
+  
+
diff --git a/reuters/training/2137 b/reuters/training/2137
new file mode 100644
index 0000000000000000000000000000000000000000..be11d55e21e3eecb8a95b9025eef781e56f77039
--- /dev/null
+++ b/reuters/training/2137
@@ -0,0 +1,8 @@
+<DET OESTASIATISKE KOMPAGNI A/S> (EAST ASIATIC CO)
+  Results for year 1986 -
+      Group pre-tax profit 385 mln crowns vs 380 mln
+      Net turnover 14.17 billion crowns vs 16.69 billion
+      Dividend eight pct vs nil
+      Group profit after tax 16 mln crowns vs 244 mln
+  
+
diff --git a/reuters/training/214 b/reuters/training/214
new file mode 100644
index 0000000000000000000000000000000000000000..2b9695b3af9e9b21510a1f7e88f60486e416f498
--- /dev/null
+++ b/reuters/training/214
@@ -0,0 +1,16 @@
+AVERY <AVY> SETS TWO FOR ONE STOCK SPLIT
+  Avery said its board authorizerd
+  a two for one stock split, an increased in the quarterly
+  dividend and plans to offer four mln shares of common stock.
+      The company said the stock split is effective March 16 with
+  a distribution of one additional share to each shareholder of
+  record March 9.
+      It said the quarterly cash dividend of 10.5 cts per share
+  on the split shares, a 10.5 pct increase from the 19 cts per
+  share before the split.
+      Avery said it will register with the Securities and
+  Exchange Commission shrortly to offer four mln additional
+  common shares. It will use the proceeds to repay debt, finance
+  recent acquisitions and for other corporate purposes.
+  
+
diff --git a/reuters/training/2148 b/reuters/training/2148
new file mode 100644
index 0000000000000000000000000000000000000000..cc71708876131fd0d8a297f56c0b56429d3bfa22
--- /dev/null
+++ b/reuters/training/2148
@@ -0,0 +1,6 @@
+<SIGNTECH INC> NINE MTHS JAN 31 NET
+  Shr 55 cts vs 24 cts
+      Net 1.9 mln vs 800,000
+      Revs 17.6 mln vs 12.8 mln
+  
+
diff --git a/reuters/training/2149 b/reuters/training/2149
new file mode 100644
index 0000000000000000000000000000000000000000..1c14a7225616718b2fa1e560b4a2ef433f207861
--- /dev/null
+++ b/reuters/training/2149
@@ -0,0 +1,11 @@
+<CANADIAN IMPERIAL BANK OF COMMERCE> 1ST QTR
+  Period ended January 31
+      Shr 61 cts vs 64 cts
+      Shr diluted 60 cts vs 60 cts
+      Net 96.5 mln vs 87.0 mln
+      Loans 44.87 billion vs 48.07 billion
+      Deposits 69.86 billion vs 68.45 billion
+      Assets 83.92 billion vs 78.93 billion
+      Note: shr after preferred dividends
+  
+
diff --git a/reuters/training/2151 b/reuters/training/2151
new file mode 100644
index 0000000000000000000000000000000000000000..5dacdcd619e546a3e6bee79589ef17aa4cf64cd0
--- /dev/null
+++ b/reuters/training/2151
@@ -0,0 +1,10 @@
+<TRIUMPH CAPITAL INC> TO MAKE ACQUISITION
+  Triumph Capital Inc said it has signed a
+  letter of intent to acquire First Securities Transfer Systems
+  Inc of Pompano Beach, Fla., for undisclosed terms.
+      The company said it is also entering the commercial finance
+  business through the formation of Triumph Financial corp.
+      It said the new wholly-owned unit has extended a 350,000
+  dlr secured line of credit to Micro Designs Inc.
+  
+
diff --git a/reuters/training/2153 b/reuters/training/2153
new file mode 100644
index 0000000000000000000000000000000000000000..47f9d6ac29cfc6cbe0b429511c6479a1051c3b11
--- /dev/null
+++ b/reuters/training/2153
@@ -0,0 +1,6 @@
+CONCHEMCO INC <CKC> SETS QUARTERLY
+  Qtly div 10 cts vs 10 cts prior
+      Pay April Six
+      Record March 16
+  
+
diff --git a/reuters/training/2154 b/reuters/training/2154
new file mode 100644
index 0000000000000000000000000000000000000000..e8727706bd6acdb93f17929c6882dee91f1eb8d0
--- /dev/null
+++ b/reuters/training/2154
@@ -0,0 +1,6 @@
+DST SYSTEMS INC <DSTS> REGULAR PAYOUT SET
+  Qtly div five cts vs five cts prior
+      Pay April 17
+      Record March 16
+  
+
diff --git a/reuters/training/2155 b/reuters/training/2155
new file mode 100644
index 0000000000000000000000000000000000000000..66d9e83a8c5e7e3401a62cccac28dcf14e2db5d8
--- /dev/null
+++ b/reuters/training/2155
@@ -0,0 +1,13 @@
+FED NOT EXPECTED TO TAKE MONEY MARKET ACTION
+  The Federal Reserve is not expected to
+  intervene in the U.S. government securities market to add or
+  drain reserves, economists said.
+      Most economists said they did not expect the Fed to add
+  reserves with Federal funds trading below six pct.
+      They said the funds rate's softer tone may indicate that
+  the need to add reserves in the current bank reserve
+  maintenance period is smaller than previously estimated.
+      Fed funds opened at 5-15/16 pct and remained at that level.
+  Yesterday funds averaged 6.01 pct.
+  
+
diff --git a/reuters/training/2157 b/reuters/training/2157
new file mode 100644
index 0000000000000000000000000000000000000000..beec0bb7a3a7564ff1815809acd5affb068aaa00
--- /dev/null
+++ b/reuters/training/2157
@@ -0,0 +1,5 @@
+BROWN GROUP INC 4TH QTR SHR 77 CTS VS 76 CTS
+
+  BROWN GROUP INC 4TH QTR SHR 77 CTS VS 76 CTS
+  
+
diff --git a/reuters/training/2159 b/reuters/training/2159
new file mode 100644
index 0000000000000000000000000000000000000000..5a21ba568f3a7e7fb0db6b8be6f09c9f0a149ce8
--- /dev/null
+++ b/reuters/training/2159
@@ -0,0 +1,13 @@
+REGAL INTERNATIONAL <RGL> UPS BELL <BPSIQ> BID
+  Bell Petroleum Services Inc said
+  Regal International Inc has doubled its offer for Bell stock to
+  one Regal share for each Bell share from half a share
+  previously.
+      The company said it is seriously considering the new offer
+  but has also received an expression of interest for a possible
+  merger into a Fortune 500 company it did not identify that will
+  be investigated at meetings to be held later this week.
+      It said it will explore all possibilities before
+  recommending a final course of action.
+  
+
diff --git a/reuters/training/216 b/reuters/training/216
new file mode 100644
index 0000000000000000000000000000000000000000..56f66ec3fbee873b4f839e791f2d20844ef4919e
--- /dev/null
+++ b/reuters/training/216
@@ -0,0 +1,3 @@
+26-FEB-1987
+  26-FEB-1987
+
diff --git a/reuters/training/2163 b/reuters/training/2163
new file mode 100644
index 0000000000000000000000000000000000000000..3b48285ac0aa86b372be04fdbda28472dc82acf2
--- /dev/null
+++ b/reuters/training/2163
@@ -0,0 +1,6 @@
+EQK GREEN ACRES LP <EGA> RAISES QUARTERLY
+  Qtly div 26-1/4 cts vs 25 cts prior
+      Pay Aug 14
+      Record June 30
+  
+
diff --git a/reuters/training/2166 b/reuters/training/2166
new file mode 100644
index 0000000000000000000000000000000000000000..1d9900cd5e9c5be076724b611f3350ab0996a7d1
--- /dev/null
+++ b/reuters/training/2166
@@ -0,0 +1,5 @@
+MERCANTILE STORES CO INC 4TH QTR SHR 3.26 DLRS VS 3.17 DLRS
+
+  MERCANTILE STORES CO INC 4TH QTR SHR 3.26 DLRS VS 3.17 DLRS
+  
+
diff --git a/reuters/training/2167 b/reuters/training/2167
new file mode 100644
index 0000000000000000000000000000000000000000..2b77f68eaef1801fb504117a67dd7886c10357a1
--- /dev/null
+++ b/reuters/training/2167
@@ -0,0 +1,10 @@
+WINLAND ELECTRONICS INC 4TH QTR LOSS
+  Shr loss one ct vs profit 15 cts
+      Net loss 10,863 vs profit 176,344
+      Revs 672,073 vs 766,066
+      Year
+      Shr loss seven cts vs loss one ct
+      Net loss 77,804 vs loss 16,627
+      Revs 1,717,810 vs 1,317,402
+  
+
diff --git a/reuters/training/2168 b/reuters/training/2168
new file mode 100644
index 0000000000000000000000000000000000000000..57b8d0c51401f65db0d0544e77f48c0d5ba52126
--- /dev/null
+++ b/reuters/training/2168
@@ -0,0 +1,36 @@
+ANTIBIOTICS IN FEED AID DEADLY BACTERIA: STUDY
+  A study of salmonella poisoning has
+  uncovered new evidence that the common practice of feeding
+  antibiotics to cattle is helping to create deadly bacteria that
+  can infect humans and resist medicines.
+      Researchers at the federal Centers for Disease Control
+  tracked the spread of an unusual strain of salmonella that is
+  resistant to the drug chloramphenicol and were able to link the
+  resulting food poisoning to farms that used the drug to promote
+  the growth of cattle.
+      Cattlemen often give their animals a constant supply of
+  antibiotics in feed to help them grow faster. But critics have
+  been warning for years that the constant exposure to the drugs
+  is helping bacteria learn to resist the drugs.
+      Industry officials have disputed this, saying the diseases
+  that develop a resistance in cattle probably do not affect
+  humans.
+      But the new study, reported in Thursday's New England
+  Journal of Medicine, shows the diseases can spread to humans.
+      The research team, led by Dr. John Spika, said the number
+  of people who have developed the chloramphenicol-resistant
+  infection in Los Angeles County alone jumped from 69 in 1984 to
+  298 the following year. Two of those victims died and half the
+  victims in their study of 45 patients had to be hospitalized
+  for their illness.
+      They also discovered that cooking the meat didn't always
+  prevent the disease. Only 15 pct of the victims reported eating
+  raw, infected hamburger. Thus, the researchers concluded, "the
+  majority of cases appear to have been caused by eating
+  hamburger that was at least partially cooked."
+      The researchers said the results show that "food animals are
+  a major source of antimicrobial-resistant salmonella infections
+  in humans, and that these infections are associated with
+  (antibiotic) use on farms."
+  
+
diff --git a/reuters/training/2169 b/reuters/training/2169
new file mode 100644
index 0000000000000000000000000000000000000000..32a126e4e337b68e9f1e2332120482b1895db9eb
--- /dev/null
+++ b/reuters/training/2169
@@ -0,0 +1,5 @@
+EC REJECTS ALL FREE MARKET WHEAT EXPORT  OFFERS AT WEEKLY TENDER - TRADERS
+
+  EC REJECTS ALL FREE MARKET WHEAT EXPORT  OFFERS AT WEEKLY TENDER - TRADERS
+  
+
diff --git a/reuters/training/2171 b/reuters/training/2171
new file mode 100644
index 0000000000000000000000000000000000000000..6ae5dcd16b4858d14055462c1d7f2bdb778fce2c
--- /dev/null
+++ b/reuters/training/2171
@@ -0,0 +1,5 @@
+EC AWARDS 123,000 TONNES BARLEY EXPORT  LICENCES AT 138.75 ECUS PER TONNE - TRADERS
+
+  EC AWARDS 123,000 TONNES BARLEY EXPORT  LICENCES AT 138.75 ECUS PER TONNE - TRADERS
+  
+
diff --git a/reuters/training/2172 b/reuters/training/2172
new file mode 100644
index 0000000000000000000000000000000000000000..8e1cd42072b1a46b6225f56cef59030d2af24f9f
--- /dev/null
+++ b/reuters/training/2172
@@ -0,0 +1,21 @@
+FRENCH CEREAL EXPORTS THROUGH ROUEN FALL
+  French cereal exports through the port of
+  Rouen fell 6.4 pct to 725,023 tonnes during the period February
+  1 to 25, from 774,704 for the period February 1 to 26 last
+  year, trade sources said.
+      Main destinations were Saudi Arabia with 158,109 tonnes of
+  barley, the Soviet Union 147,214 of wheat, Italy 104,704 of
+  wheat, Spain 91,381 of wheat and maize, China 52,500 of wheat
+  and Algeria 41,000 of wheat.
+      Between February 26 and today, five ships have loaded
+  137,000 tonnes of cereals, the sources added.
+      The 137,000 tonnes comprised 59,500 tonnes of wheat for
+  China, 53,000 of wheat for the Soviet Union and 24,500 of wheat
+  for Algeria.
+      By this Friday, sources estimated a further 233,600 tonnes
+  of cereals will have been loaded, comprising 47,000 tonnes of
+  barley, 78,600 of wheat and 25,000 of rapeseed for the Soviet
+  Union, 30,000 of wheat for Sri Lanka, 28,000 of wheat for China
+  and 25,000 of wheat for Poland.
+  
+
diff --git a/reuters/training/2173 b/reuters/training/2173
new file mode 100644
index 0000000000000000000000000000000000000000..a93ca5c0b0cefc1fbd7dc1257a9ab4d40f63b0ad
--- /dev/null
+++ b/reuters/training/2173
@@ -0,0 +1,15 @@
+NATIONAL CONVENIENCE <NCS> TO HAVE 3RD QTR LOSS
+  National Convenience Stores Inc said it
+  expects to report a loss for the third quarter ending March 31
+  due to continued poor sales in Texas, especially in Houston.
+      In last year's third quarter, National Convenience earned
+  1,788,000 dlrs or eight cts per share, including a gain of
+  2,883,000 dlrs from the sale of 186 stores to another operator.
+   It said the results also included earnings from gasoline
+  operations of 2,500,000 dlrs or 11 cts per share caused by
+  unusually high gross margins on gasoline sales of 12.7 cts per
+  gallon that were caused by rapidly falling oil prices.
+      National Convenience said its third quarter is usually weak
+  due to winter weather.
+  
+
diff --git a/reuters/training/2174 b/reuters/training/2174
new file mode 100644
index 0000000000000000000000000000000000000000..14e474dba81c67be07e6a9374be6320bdce1cf7a
--- /dev/null
+++ b/reuters/training/2174
@@ -0,0 +1,5 @@
+MARATHON RAISES CRUDE POSTED PRICES 50 CTS A BBL, EFFECTIVE TODAY, WTI AT 17 DLRS/BBL.
+
+  MARATHON RAISES CRUDE POSTED PRICES 50 CTS A BBL, EFFECTIVE TODAY, WTI AT 17 DLRS/BBL.
+  
+
diff --git a/reuters/training/2175 b/reuters/training/2175
new file mode 100644
index 0000000000000000000000000000000000000000..26341a18848287e67f606c7f34d412975c883237
--- /dev/null
+++ b/reuters/training/2175
@@ -0,0 +1,13 @@
+REPORT DUE ON OIL IMPORTS AND NATIONAL SECURITY
+  A presidential commission that has
+  been studying oil imports, including their effect on national
+  security, is to to make its report soon, the White House said.
+      Spokesman Marlin Fitzwater said the panel, set up last
+  October to examine U.S. oil import needs, would make its report
+  soon, probably within the next few weeks.
+      He said National Security Adviser Frank Carlucci "will wait
+  until that report is in and then see if there is any special
+  action needed to be taken in the national security area to
+  implement it."
+  
+
diff --git a/reuters/training/2176 b/reuters/training/2176
new file mode 100644
index 0000000000000000000000000000000000000000..f36ee5a9149d9bdb74a2dd4a188449e0a2c95d2f
--- /dev/null
+++ b/reuters/training/2176
@@ -0,0 +1,5 @@
+CHRYSLER SETS THREE-FOR-TWO STOCK SPLIT, RAISES DIVIDEND
+
+  CHRYSLER SETS THREE-FOR-TWO STOCK SPLIT, RAISES DIVIDEND
+  
+
diff --git a/reuters/training/2178 b/reuters/training/2178
new file mode 100644
index 0000000000000000000000000000000000000000..99da1e79ef49dfbf0cabb46bacdce18580877de3
--- /dev/null
+++ b/reuters/training/2178
@@ -0,0 +1,5 @@
+U.S. COMMERCE DEPT'S ORTNER SAYS YEN IS 10 OR 15 PCT UNDERVALUED
+
+  U.S. COMMERCE DEPT'S ORTNER SAYS YEN IS 10 OR 15 PCT UNDERVALUED
+  
+
diff --git a/reuters/training/2181 b/reuters/training/2181
new file mode 100644
index 0000000000000000000000000000000000000000..22987674f3bca6454aa78c4cf05c3905538d642b
--- /dev/null
+++ b/reuters/training/2181
@@ -0,0 +1,5 @@
+U.S. COMMERCE DEPT'S  ORTNER SAYS DOLLAR FAIRLY PRICED AGAINST EUROPEAN CURRENCIES
+
+  U.S. COMMERCE DEPT'S  ORTNER SAYS DOLLAR FAIRLY PRICED AGAINST EUROPEAN CURRENCIES
+  
+
diff --git a/reuters/training/2182 b/reuters/training/2182
new file mode 100644
index 0000000000000000000000000000000000000000..b84797f0b24c217a2ca82c9a0bb6c4dd0ca0b0f3
--- /dev/null
+++ b/reuters/training/2182
@@ -0,0 +1,15 @@
+BROWN GROUP INC <BG> 4TH QTR JAN 31 NET
+  Shr 77 cts vs 76 cts
+      Net 13,843,000 vs 14,478,000
+      Sales 374.6 mln vs 368.3 mln
+      Avg shrs 18,003,000 vs 19,025,000
+      Year
+      Shr 2.16 dlrs vs 2.65 dlrs
+      Net 39,503,000 vs 51,573,000
+      Revs 1.41 billion vs 1.41 billion
+      Avg shrs 18,269,000 vs 19,497,000
+      NOTE: 1986 period ended February One
+      Company changed fiscal yearend to January 31 from October
+  31. 1986 results were restated to reflect the change.
+  
+
diff --git a/reuters/training/2183 b/reuters/training/2183
new file mode 100644
index 0000000000000000000000000000000000000000..85c230faed942c59746a2ce021374210894b5398
--- /dev/null
+++ b/reuters/training/2183
@@ -0,0 +1,5 @@
+EC AWARDS EXPORT LICENCES FOR 25,000  TONNES MAIZE - PARIS TRADE.
+
+  EC AWARDS EXPORT LICENCES FOR 25,000  TONNES MAIZE - PARIS TRADE.
+  
+
diff --git a/reuters/training/2186 b/reuters/training/2186
new file mode 100644
index 0000000000000000000000000000000000000000..194d16a65b08b2d0ed88b41a269dc19bcafe3878
--- /dev/null
+++ b/reuters/training/2186
@@ -0,0 +1,20 @@
+ZAMBIAN LATE 1986 COPPER OUTPUT UP, SALES DOWN
+  Zambian copper production rose 3.2 pct to
+  113,275 tonnes in fourth quarter 1986 from 109,767 in the same
+  1985 period but sales fell 18.7 pct to 119,967 tonnes from
+  147,537, Zambia Consolidated Copper Mines, ZCCM, said.
+      A spokesman for the government-controlled mining company
+  said the country's cobalt production fell 24 pct to 879 tonnes
+  over the same period, while cobalt sales rose 92 pct to 1,734
+  tonnes. He did not give figures for the fourth quarter of 1985.
+      Lead production fell 22.9 pct to 1,670 tonnes from 2,165
+  and zinc production dropped 14 pct to 4,830 tonnes, he added.
+      ZCCM, which monopolises copper mining in Zambia and
+  accounts for about 90 pct of the country's foreign exchange
+  earnings, made a net loss of 718 mln kwacha in 1986 compared
+  with a net profit of 19 mln kwacha the previous year.
+      The 1986 losses were after taking into account net interest
+  payments of 426 mln kwacha, an exchange loss of 412 mln kwacha
+  and taxes of 235 mln kwacha.
+  
+
diff --git a/reuters/training/2187 b/reuters/training/2187
new file mode 100644
index 0000000000000000000000000000000000000000..d5d843bf1619a82b9f9bb55767ccc771e1ae80c2
--- /dev/null
+++ b/reuters/training/2187
@@ -0,0 +1,11 @@
+BAD WEATHER CLOSES ALEXANDRIA PORT, OIL TERMINAL
+  Strong winds and high seas
+  today closed Alexandria, Egypt's biggest port, and an oil
+  pipeline terminal nearby, officials said.
+      Facilities of the Suez-Mediterranean Arab Petroleum
+  Pipelines Company at Sidi Kreir, 32 km southeast of Alexandria,
+  were closed this morning after one tanker loaded and sailed.
+      Officials said that five other tankers were waiting outside
+  the terminal for conditions to improve.
+  
+
diff --git a/reuters/training/2188 b/reuters/training/2188
new file mode 100644
index 0000000000000000000000000000000000000000..9eabcab20fc3e527e80f43d0ebf6d5101fdeeaff
--- /dev/null
+++ b/reuters/training/2188
@@ -0,0 +1,12 @@
+PEGASUS GOLD INC <PGULF> 4TH QTR NET
+  Shr profit 20 cts vs loss two cts
+      Net profit 2,665,000 vs loss 202,000
+      Revs 12.1 mln vs 5,993,000
+      Year
+      Shr profit 35 cts vs loss 11 cts
+      Net profit 4,653,000 vs loss 1,167,000
+      Revs 35.1 mln vs 18.0 mln
+      NOTE: Current qtr includes gain of 1.1 mln dlrs from tax
+  benefit.
+  
+
diff --git a/reuters/training/2190 b/reuters/training/2190
new file mode 100644
index 0000000000000000000000000000000000000000..74b2bd359a3d36cfe1702ab6dbca5b0589f0b244
--- /dev/null
+++ b/reuters/training/2190
@@ -0,0 +1,32 @@
+U.S. COMMERCE'S ORTNER SAYS YEN UNDERVALUED
+  Commerce Dept. undersecretary of
+  economic affairs Robert Ortner said that he believed the dollar
+  at  current levels was fairly priced against most European
+  currencies.
+      In a wide ranging address sponsored by the Export-Import
+  Bank, Ortner, the bank's senior economist also said he believed
+  that the yen was undervalued and could go up by 10 or 15 pct.
+      "I do not regard the dollar as undervalued at this point
+  against the yen," he said.
+      On the other hand, Ortner said that he thought that "the yen
+  is still a little bit undervalued," and "could go up another 10
+  or 15 pct."
+      In addition, Ortner, who said he was speaking personally,
+  said he thought that the dollar against most European
+  currencies was "fairly priced."
+      Ortner said his analysis of the various exchange rate
+  values was based on such economic particulars as wage rate
+  differentiations.
+      Ortner said there had been little impact on U.S. trade
+  deficit by the decline of the dollar because at the time of the
+  Plaza Accord, the dollar was extremely overvalued and that the
+  first 15 pct decline had little impact.
+      He said there were indications now that the trade deficit
+  was beginning to level off.
+      Turning to Brazil and Mexico, Ortner made it clear that it
+  would be almost impossible for those countries to earn enough
+  foreign exchange to pay the service on their debts.  He said
+  the best way to deal with this was to use the policies outlined
+  in Treasury Secretary James Baker's debt initiative.
+  
+
diff --git a/reuters/training/2191 b/reuters/training/2191
new file mode 100644
index 0000000000000000000000000000000000000000..cfd1127349afd2e8b82562af7f2ebfa42fa05d27
--- /dev/null
+++ b/reuters/training/2191
@@ -0,0 +1,9 @@
+EC REJECTS WHEAT EXPORT BIDS, GRANTS BARLEY
+  The European Community's cereal
+  management committee rejected all bids to export free market
+  soft wheat at today's weekly tender, traders said.
+      The committee awarded 123,000 tonnes of free market barley
+  export licences at a maximum export refund of 138.75 Ecus per
+  tonne.
+  
+
diff --git a/reuters/training/2193 b/reuters/training/2193
new file mode 100644
index 0000000000000000000000000000000000000000..8be248cd808db4799a501f3c2b2a5e1b62575f44
--- /dev/null
+++ b/reuters/training/2193
@@ -0,0 +1,13 @@
+CORNING GLASS WORKS <GLW> UNIT TRANSFERS STOCK
+  Corning Glass Works' subsidiary
+  Corning International Corp said it agreed to transfer 55 pct of
+  its capital stock of an Argentine glass manufacturer to a
+  European group.
+      It said it will transfer the capital stock of Rigolleau,
+  S.A., to the group controlled by Camillo Gancia, an Argentine
+  industrialist.
+      The company said the transaction would reduce Corning's
+  ownership in Rigolleau to approximately 20 pct. The company
+  said the change will not impact on its net income for th year.
+  
+
diff --git a/reuters/training/2194 b/reuters/training/2194
new file mode 100644
index 0000000000000000000000000000000000000000..d96079d00eadff46fc9d040fbd47537ad6844144
--- /dev/null
+++ b/reuters/training/2194
@@ -0,0 +1,15 @@
+ZAYRE CORP <ZY> 4TH QTR JAN 31 NET
+  Shr 73 cts vs 60 cts
+      Net 43,792,000 vs 36,480,000
+      Rev 1.78 billion vs 1.34 billion
+      Year
+      Shr 1.49 dlrs vs 1.61 dlrs
+      Net 88,974,000 vs 94,647,000
+      Rev 5.35 billion vs 4.04 billion
+      NOTE: 4th qtr net includes pre-tax gain of 9.7 mln dlrs
+  from sale of real estate and real estate development company.
+      Fiscal 1986 net includes extraordinary charge of 3.5 mln
+  dlrs, or six cts a share. All per share data reflects a
+  two-for-one stock split paid June 25, 1986.
+  
+
diff --git a/reuters/training/2195 b/reuters/training/2195
new file mode 100644
index 0000000000000000000000000000000000000000..c5902752b6b3eae86b62cd43e94b45104a15e11f
--- /dev/null
+++ b/reuters/training/2195
@@ -0,0 +1,24 @@
+FARMERS CONCERNED ABOUT BRITISH SUGAR OWNERSHIP
+  The National Farmers Union, NFU, remains
+  concerned about the future ownership of British Sugar despite
+  last week's decision by the government to block bids from
+  Italy's Gruppo Ferruzzi and Britain's Tate & Lyle Plc.
+      The union's sugar beet committee met yesterday to consider
+  the implications of a government Monopolies and Merger
+  Commission, MMC, report issued last week. "We are still
+  concerned about S and W Berisford being long-term owners of
+  British Sugar," a spokesman said. "We do not view Berisford as
+  providing the long-term stability we want."
+      The Trade and Industry Secretary accepted a recommendation
+  last week by the MMC that it block a bid by Tate and Lyle for S
+  and W Berisford Plc and stop Gruppo Ferruzzi buying a majority
+  of British Sugar, owned by Berisford.
+      Union officials believe a new bid for the monopoly beet
+  processor is now likely. "We are looking again at the
+  undertakings that we have demanded of existing bidders and
+  which we would seek of any future bidders," the spokesman said.
+  The NFU, which represents Britain's 11,500 sugar beet growers,
+  is also taking legal advice on particular paragraphs in the MMC
+  report which it says need further explanation.
+  
+
diff --git a/reuters/training/2196 b/reuters/training/2196
new file mode 100644
index 0000000000000000000000000000000000000000..b59e88f0a8224c6bf0049e8ac045da883d7d1f71
--- /dev/null
+++ b/reuters/training/2196
@@ -0,0 +1,13 @@
+ZAYRE <ZY> PLANS MORE STORE OPENINGS IN 1987
+  Zayre Corp said it plans to
+  open 25 additional Zayre Stores, 35 new T.J. Maxx stores and 50
+  Hit or Miss Shops in 1987.
+      In addition, Zayre said it plans to add six new BJ's
+  Wholesale Clubs and eight new HomeClubs to its warehouse group.
+      Earlier, the company reported 1986 earnings, ended January
+  31, of 89.0 mln dlrs, or 1.49 dlrs per share, versus 94.6 mln
+  dlrs, or 1.61 dlrs per share, in fiscal 1985. It also reported
+  fourth quarter net of 43.8 mln dlrs, or 73 cts a share, versus
+  36.5 mln dlrs, or 60 cts a share in 1985's fourth quarter.
+  
+
diff --git a/reuters/training/2197 b/reuters/training/2197
new file mode 100644
index 0000000000000000000000000000000000000000..8023151a922b78708ee7eed3583aa3a8e1fa2266
--- /dev/null
+++ b/reuters/training/2197
@@ -0,0 +1,72 @@
+DUTCH GROWTH LIKELY TO SLOW, JOBLESS RISE IN 1987
+  Leaks of a major Dutch official
+  economic forecast due to be published on Monday indicate
+  reduced economic growth and a renewed rise in unemployment this
+  year, political and market sources say.
+      Concern over an anticipated fall in Dutch competitiveness
+  this year against a background of an average 2-1/2 pct wage
+  increase, zero inflation and a firm guilder has triggered some
+  calls for a change in monetary policy to help boost growth.
+      But whatever the government's response, the central bank
+  will stick to its policy of keeping the guilder firm, they say.
+      The official forecasting agency Centraal Planbureau (CPB)
+  publishes its 1987 outlook at the start of a week which will
+  also see a key parliamentary debate on government finances and
+  the economy.
+      Merchant bank Pierson, Heldring en Pierson - in an estimate
+  reflecting general sentiment - said last month that Dutch
+  economic growth was now seen around one pct.
+      Domestic consumer spending is not expected to offset the
+  decline in export growth caused by slowing growth in West
+  Germany, the main Dutch trading partner, and the lower dollar,
+  Pierson said in its February economic outlook.
+      The latest growth forecasts are well below a 1.5 to two pct
+  growth figure seen by the CPB early last month and forecasts of
+  2.5 pct economic growth in 1987 made last September.
+      The fall in unemployment is bottoming out and the
+  government has already admitted it will not meet its goal of
+  reducing unemployment by an annual 50,000 from 1986 to 1990.
+      Some analysts and industry leaders have questioned central
+  bank policy of pegging the guilder firmly to the mark and if
+  necessary keeping interest rates up to support the guilder.
+      Employers federation NCW chairman Fred Lempers criticised
+  the guilder's revaluation in line with the West German mark in
+  last January's European Monetary System (EMS) realignment and
+  expressed concern over its effect on competitiveness.
+      But the employers federation VNO noted the Dutch economy
+  had become more competitive since 1980 and the fall of the
+  dollar was affecting this gain more than the EMS realignment.
+      Some analysts also question the central bank's decision not
+  to copy the latest Bundesbank discount rate cut and instead
+  lower money market rates and abolish a credit quota surcharge.
+      Central bank president Wim Duisenberg has defended the move
+  saying the bank had adjusted the rates with the most impact on
+  the money market, noting "the (4.5 pct) discount rate is at the
+  moment not the most important Dutch rate because it is already
+  far below the market rates."
+      Central bank officials say the heavy dependence on trade of
+  the Dutch economy requires a stable exchange rate, and interest
+  rate policies serve that goal.
+      Analysts noted a large capital outflow from the Netherlands
+  recently as foreign investments in Dutch stock are being sold
+  to take profits.
+      Loosening the tie between the guilder and the mark would
+  reduce international confidence in the guilder and make it more
+  dificult to attract foreign capital, they said, noting Dutch
+  interest rates rose sharply when the guilder was not revalued
+  completely in line with the mark in a 1983 EMS realignment.
+      Many Dutch banks have reacted favourably to the decision
+  not to copy the last German discount rate cut, but Pierson
+  warned it could actually add to uncertainty over the guilder.
+      Some analysts noted friction between the Finance Ministry
+  and the central bank, with Finance Minister Onno Ruding having
+  said before the Bundesbank discount rate cut he favoured lower
+  Dutch rates but that the Germans should move first.
+      One analyst said Ruding wanted to bring interest rates down
+  to reduce the government debt burden.
+      A Finance Ministry spokesman said lower interest rates were
+  needed but denied any suggestion of conflicting views between
+  the ministry and the central bank. "The cabinet's policy is
+  steady, the guilder has to stay with the mark," he said.
+  
+
diff --git a/reuters/training/2198 b/reuters/training/2198
new file mode 100644
index 0000000000000000000000000000000000000000..b50e77711e6eb1b747260bf515ad4eba31256888
--- /dev/null
+++ b/reuters/training/2198
@@ -0,0 +1,20 @@
+CHRYSLER <C> SETS STOCK SPLIT, HIGHER DIVIDEND
+  Chrysler Corp said its board declared a
+  three-for-two stock split in the form of a 50 pct stock
+  dividend and raised the quarterly dividend by seven pct.
+      The company said the dividend was raised to 37.5 cts a
+  share from 35 cts on a pre-split basis, equal to a 25 ct
+  dividend on a post-split basis.
+      Chrysler said the stock dividend is payable April 13 to
+  holders of record March 23 while the cash dividend is payable
+  April 15 to holders of record March 23. It said cash will be
+  paid in lieu of fractional shares.
+      With the split, Chrysler said 13.2 mln shares remain to be
+  purchased in its stock repurchase program that began in late
+  1984. That program now has a target of 56.3 mln shares with the
+  latest stock split.
+      Chrysler said in a statement the actions "reflect not only
+  our outstanding performance over the past few years but also
+  our optimism about the company's future."
+  
+
diff --git a/reuters/training/22 b/reuters/training/22
new file mode 100644
index 0000000000000000000000000000000000000000..deb16210a921bed8634d5a495e60906c64af860f
--- /dev/null
+++ b/reuters/training/22
@@ -0,0 +1,6 @@
+MAGMA LOWERS COPPER 0.75 CENT TO 66 CTS
+  Magma Copper Co, a subsidiary of Newmont
+  Mining Corp, said it is cutting its copper cathode price by
+  0.75 cent to 66 cents a lb, effective immediately.
+  
+
diff --git a/reuters/training/220 b/reuters/training/220
new file mode 100644
index 0000000000000000000000000000000000000000..e51ca31cc655bd5bf1f25341da4252756130fe90
--- /dev/null
+++ b/reuters/training/220
@@ -0,0 +1,23 @@
+N.Z. CENTRAL BANK SEES SLOWER MONEY, CREDIT GROWTH
+  Monetary and credit growth rates in
+  New Zealand are not expected to continue at current levels
+  following the Reserve Bank's move to tighten liquidity late
+  last year, Reserve Bank Governor Spencer Russell said.
+      The monetary and credit growth figures for the December
+  quarter were probably artifically inflated by unusually high
+  growth in inter-institutional lending activity on the short
+  term money market, Russell said in a statement.
+      The bank moved to tighten liquidity when the initial signs
+  of the recent expansion became apparent in September and
+  October last year, Russell said.
+      Broadly defined M-3 figures released today showed growth of
+  17.8 pct in the year ended December compared with 13.1 pct in
+  the year ended September.
+      Annual growth of private sector credit in calendar 1986 was
+  30.7 pct compared with 16.5 pct in the September year.
+      "Available evidence suggests that corporate customers,
+  including non-bank financial institutions, have been exploiting
+  differences between interest rates on overdrafts with trading
+  banks and rates in the call market," Russell said.
+  
+
diff --git a/reuters/training/2202 b/reuters/training/2202
new file mode 100644
index 0000000000000000000000000000000000000000..fc230af56168151924a519d188e3c2cf0a03716e
--- /dev/null
+++ b/reuters/training/2202
@@ -0,0 +1,14 @@
+BANCO SANTANDER TO BUY WEST GERMANY'S CC-BANK
+  <Banco Santander> signed a letter of
+  intent with Bank of America <BAC> to purchase its West German
+  affiliate <Bankhaus Centrale Credit AG>, CC-Bank, the bank said
+  in a statement amplifying an earlier report from Frankfurt.
+      "The incorporation of CC-Bank in our group will provide a
+  major boost...For chanelling investment between Spain and the
+  European Community," the statement said.
+      "This operation enables us to take up a solid position in
+  West Germany ahead of Spain's full integration into the EC's
+  financial system in five years' time."
+      The deal included the license for Visa credit cards.
+  
+
diff --git a/reuters/training/2203 b/reuters/training/2203
new file mode 100644
index 0000000000000000000000000000000000000000..7e80a2d41ffbca6fa79a2de15ac9bd5a767c02b5
--- /dev/null
+++ b/reuters/training/2203
@@ -0,0 +1,46 @@
+CANADIAN IMPERIAL SEES LOWER LOAN LOSSES
+  <Canadian Imperial Bank of Commerce>,
+  earlier reporting higher net income for the first quarter ended
+  January 31, said it expects loan losses to be lower than last
+  year's 697.0 mln dlrs.
+      However, the bank said it will maintain the high level of
+  provisioning for loan losses established last year because of
+  many market uncertainties. Commerce bank set loan loss
+  provisions of 636.0 mln dlrs in fiscal 1986, ended October 31.
+      The bank earlier said first quarter net income rose to 96.5
+  mln dlrs from 87.0 mln dlrs in the prior year. Profit per basic
+  share after dividends fell to 61 cts from year-ago 64 cts.
+      Commerce Bank said because of market uncertainties, it used
+  an estimate of 600.0 mln dlrs for fiscal 1987 loan losses in
+  calculating first quarter results.
+      The bank's first quarter provision for loan losses rose to
+  172.0 mln dlrs, from 152.0 mln dlrs in the prior year.
+      Commerce Bank also said it will continue to adopt an
+  agressive posture in adding to its general provisions against
+  loan exposure to 34 countries designated by the federal
+  government's Inspector General of Banks.
+      First quarter net partly benefitted from net interest
+  income, up to 561.8 mln dlrs from year ago 540.9 mln dlrs.
+      Commerce Bank said improved other income, which rose to
+  213.6 mln dlrs from year-earlier 170.1 mln dlrs, and net income
+  was partially offset by the increased loan loss provisions,
+  non-interest expenses and income taxes.
+      The bank said first quarter total assets increased to 83.92
+  billion dlrs from 78.93 mln dlrs in the prior year, due mainly
+  to continued expansion in consumer loan and mortgage fields.
+      Return on assets increased by two cts to 46 cts per 100
+  dlrs of average assets from the first quarter in fiscal 1986,
+  but declined two cts from fiscal 1986 fourth quarter.
+      The bank also said total non-accrual loans increased to 2.4
+  billion dlrs in the first quarter from year-ago 1.8 billion
+  dlrs. However, non-accrual loans declined 130 mln dlrs from
+  fiscal 1986 year-end.
+      "Despite the recent announcement of the suspension of
+  interest payments by Brazil, virtually all of the bank's loans
+  to this country were income producing up to January 31, 1987,
+  and there was little adverse impact on the bank's earnings
+  prior to the announcement," Commerce bank said.
+      The bank did not disclose a forecast of the impact on
+  future earnings by Brazil's suspension of interest payments.
+  
+
diff --git a/reuters/training/2205 b/reuters/training/2205
new file mode 100644
index 0000000000000000000000000000000000000000..510cc91b4514da7e804ccf7de2179dbd54ed747b
--- /dev/null
+++ b/reuters/training/2205
@@ -0,0 +1,12 @@
+MERCANTILE STORES CO INC <MST> 4TH QTR NET
+  Qtr ends Jan 31
+      Shr 3.26 dlrs vs 3.17 dlrs
+      Net 47.9 mln vs 46.7 mln
+      Revs 673.1 mln vs 630.2 mln
+      12 mths
+      Shr 7.54 dlrs vs 6.95 dlrs
+      Net 111.1 mln vs 102.4 mln
+      Revs 2.03 billion vs 1.88 billion
+  .
+  
+
diff --git a/reuters/training/2206 b/reuters/training/2206
new file mode 100644
index 0000000000000000000000000000000000000000..c68f207a56e9226e2d6fdceac7f84e1c42bcec9a
--- /dev/null
+++ b/reuters/training/2206
@@ -0,0 +1,15 @@
+INDIA BOUGHT AT LEAST EIGHT CARGOES SUGAR--TRADE
+  India bought eight cargoes of white
+  sugar at a buying tender this week but also gave sellers
+  options to sell an extra eight cargoes at the same prices,
+  traders said.
+      Four international firms shared the business which gave
+  each of them sales of two cargoes of Mar/Apr shipment sugar at
+  233 dlrs CIF and options on two cargoes of Apr/May.
+      This brings recent options India has given traders to some
+  200,000 tonnes at fixed prices and makes future Indian
+  purchases very dependent on price fluctuations, traders said.
+      At 233 dlrs CIF the sugar sold this week was at a discount
+  of up to 10 dlrs to current prices, some traders said.
+  
+
diff --git a/reuters/training/2207 b/reuters/training/2207
new file mode 100644
index 0000000000000000000000000000000000000000..9e09d57fd158d77cff66127d7a73af5591cda5e8
--- /dev/null
+++ b/reuters/training/2207
@@ -0,0 +1,5 @@
+UNITEL VIDEO SHAREHOLDER PROPOSES POSSIBLE SALE OR LIQUIDATION OF COMPANY
+
+  UNITEL VIDEO SHAREHOLDER PROPOSES POSSIBLE SALE OR LIQUIDATION OF COMPANY
+  
+
diff --git a/reuters/training/221 b/reuters/training/221
new file mode 100644
index 0000000000000000000000000000000000000000..6f199aad0a0a792c0f413ed5442159374deaab51
--- /dev/null
+++ b/reuters/training/221
@@ -0,0 +1,24 @@
+AVERAGE YEN CD RATES FALL IN LATEST WEEK
+  Average interest rates on yen certificates
+  of deposit, CD, fell to 4.27 pct in the week ended February 25
+  from 4.32 pct the previous week, the Bank of Japan said.
+      New rates (previous in brackets), were -
+      Average CD rates all banks 4.27 pct (4.32)
+      Money Market Certificate, MMC, ceiling rates for the week
+  starting from March 2          3.52 pct (3.57)
+      Average CD rates of city, trust and long-term banks
+      Less than 60 days          4.33 pct (4.32)
+      60-90 days                 4.13 pct (4.37)
+      Average CD rates of city, trust and long-term banks
+      90-120 days             4.35 pct (4.30)
+      120-150 days            4.38 pct (4.29)
+      150-180 days            unquoted (unquoted)
+      180-270 days            3.67 pct (unquoted)
+      Over 270 days           4.01 pct (unquoted)
+      Average yen bankers' acceptance rates of city, trust and
+  long-term banks
+      30 to less than 60 days unquoted (4.13)
+      60-90 days              unquoted (unquoted)
+      90-120 days             unquoted (unquoted)
+  
+
diff --git a/reuters/training/2211 b/reuters/training/2211
new file mode 100644
index 0000000000000000000000000000000000000000..c9a1b64d0b312ac2e3f4712b313bf7a8bf9e1705
--- /dev/null
+++ b/reuters/training/2211
@@ -0,0 +1,6 @@
+ALLEGHENY POWER SYSTEM INC <AYP> SETS PAYOUT
+  Qtly div 73 cts vs 73 cts prior
+      Pay March 31
+      Record March 16
+  
+
diff --git a/reuters/training/2212 b/reuters/training/2212
new file mode 100644
index 0000000000000000000000000000000000000000..7fd34a91b71d18acf66b0b41535dde6be8e0220c
--- /dev/null
+++ b/reuters/training/2212
@@ -0,0 +1,13 @@
+<SELKIRK COMMUNICATIONS LTD> 4TH QTR NET
+  Oper shr 57 cts vs 73 cts
+      Oper net 6,051,000 vs 7,818,000
+      Revs 50.0 mln vs 56.0 mln
+      Year
+      Oper shr 1.06 dlrs vs 1.24 dlrs
+      Oper net 11,301,000 vs 13,203,000
+      Revs 171.9 mln vs 207.4 mln
+      NOTE: Current oper net excludes extraordinary income of
+  180,000 dlrs in qtr and 1,119,000 dlrs in year vs previous
+  losses of 2,345,000 dlrs and 515,000 dlrs, respectively.
+  
+
diff --git a/reuters/training/2213 b/reuters/training/2213
new file mode 100644
index 0000000000000000000000000000000000000000..69378a5214f032bb2de314a329b643c13cf37e32
--- /dev/null
+++ b/reuters/training/2213
@@ -0,0 +1,6 @@
+HOUSTON OIL ROYALTY TRUST <RTH> PAYOUT LOWER
+  Mthly div 2.108 cts vs 2.158 cts prior
+      Pay March 26
+      Record March 16
+  
+
diff --git a/reuters/training/2216 b/reuters/training/2216
new file mode 100644
index 0000000000000000000000000000000000000000..463ca06c1603c77e947eeed050767644d753f0fe
--- /dev/null
+++ b/reuters/training/2216
@@ -0,0 +1,5 @@
+ENGELHARD CORP SETS THREE FOR TWO STOCK SPLIT AND RAISES QUARTERLY
+
+  ENGELHARD CORP SETS THREE FOR TWO STOCK SPLIT AND RAISES QUARTERLY
+  
+
diff --git a/reuters/training/2217 b/reuters/training/2217
new file mode 100644
index 0000000000000000000000000000000000000000..edfacc6d0f98001e3d1e3a2c8c9e9801b0f135e0
--- /dev/null
+++ b/reuters/training/2217
@@ -0,0 +1,13 @@
+PARIS TRADE DETAILS EC GRAIN TENDER RESULT
+  The EC Commission rejected all bids for
+  free market bread-making and feed wheat and all bids for the
+  special West German tender at today's weekly EC cereals tender,
+  trade sources said here.
+      It granted export licences for 123,000 tonnes of free
+  market barley at a maximum rebate of 138.75 Ecus per tonne and
+  25,000 tonnes of maize at a maximum rebate of 133.75 Ecus, they
+  said.
+      Licences for 100,000 tonnes of the barley were awarded to
+  French trade houses, they added.
+  
+
diff --git a/reuters/training/2219 b/reuters/training/2219
new file mode 100644
index 0000000000000000000000000000000000000000..7ac4cd64bc35db4ca515109ea04bb14f111cd8f1
--- /dev/null
+++ b/reuters/training/2219
@@ -0,0 +1,21 @@
+HOLDER PROPOSES UNITEL <UNV> SALE OR LIQUIDATION
+  Michael Landes, a major stockholder
+  in Unitel Video Inc, said he has asked the company to consider
+  liquidating, or selling some or all of its assets.
+      "Mr. Landes has requested the company to implement a
+  program to maximize shareholder values, which might include a
+  sale of all or part of the company or a liquidation," he said
+  in a filing with the Securities and Exchange Commission.
+      Landes and another Unitel Video investor, Albert Schwatz,
+  have formed a shareholder group and together hold 329,225
+  common shares, or 15.2 pct of the total outstanding common
+  stock.
+      Landes and Schwartz had reached an agreement in principle
+  with the New York video tape service company on a 12.50 dlr a
+  share takeover proposal last September, but subsequent merger
+  talks broke down in October.
+      The investors told the SEC they are continuing to review
+  their positions company and may acquire more shares or sell
+  some or all of their current stake.
+  
+
diff --git a/reuters/training/2220 b/reuters/training/2220
new file mode 100644
index 0000000000000000000000000000000000000000..b9e14834c9c64b06a07d17693c2825dc23fca45c
--- /dev/null
+++ b/reuters/training/2220
@@ -0,0 +1,5 @@
+HUGES TOOL COMPANY SAYS BAKER INTERNATIONAL MERGER PLAN NOT TERMINATED
+
+  HUGES TOOL COMPANY SAYS BAKER INTERNATIONAL MERGER PLAN NOT TERMINATED
+  
+
diff --git a/reuters/training/2221 b/reuters/training/2221
new file mode 100644
index 0000000000000000000000000000000000000000..c50963dff00e21151fd6cdc01ae4f4ceec747ed9
--- /dev/null
+++ b/reuters/training/2221
@@ -0,0 +1,53 @@
+ROYAL DUTCH/SHELL GROUP OF COS 4TH QTR NET
+  Shr Royal Dutch Petroleum Co <RD> 2.30 dlrs vs 2.90 dlrs
+      Final Royal Dutch dividend of 8.30 guilders for total 12.80
+  guilders vs 12.80 guilders for 1985
+      Shr Shell Transport and Trading Co PLC <SC> 1.38 dlrs vs
+  1.65 dlrs
+      Final Shell Transport dividend 118.0 pence for total of
+  172.0 pence vs 140.0 pence for 1985
+      Group Net 1.07 billion vs 1.24 billion
+      Group Sales 20.42 billion vs 25.84 billion
+      Year
+      Shr Royal Dutch 8.65 dlrs vs 9.11 dlrs
+      Net Shell Transport 4.78 dlrs vs 5.16 dlrs
+      Group Net 3.71 billion vs 3.88 billion
+      Group Sales 81.40 billion vs 94.57 billion
+      NOTES: Group is 60 pct owned by Royal Dutch and 40 pct by
+  Shell Transport
+      Dollar amount of Royal Dutch dividend will depend on
+  guilder/dollar exchange rate on May 14. Final dividend is
+  payable June 16 to holders of record May 26
+      Shell Transport dividend and per share results based on New
+  York shares, which are equal to four ordinary shares. Dollar
+  final dividend will be determined by sterling/dollar exchange
+  rate May 18. At current rate, with tax credits, is equal to
+  2.59 dlrs. Final dividend is payable May 28 to holders of
+  record April 10
+      Fourth quarter U.S. dollar figures for group translated
+  from sterling at average rate of exchange for the quarter which
+  was 1.43 dlrs per pound in 1986 and 1.44 dlrs in 1985. Full
+  year U.S. dollar figures are sum of sterling translations to
+  U.S. dollars for first, second, third and fourth quarters
+      Net includes FIFO inventory gain 217 mln dlrs vs loss 80
+  mln dlrs in quarter and loss 1.23 billion dlrs vs loss 178 mln
+  dlrs in year. If LIFO accounting had been used, company said,
+  Royal Dutch per share net would have been 1.78 dlrs vs 3.17
+  dlrs in quarter and 11.60 dlrs vs 9.53 dlrs in year, Shell
+  Transport per share net would have been 1.10 dlrs vs 1.81 dlrs
+  in quarter and 6.36 dlrs vs 5.40 dlrs in year
+      Net includes restructuring credit 114 mln dlrs vs charge 72
+  mln dlrs in quarter and credit 67 mln dlrs vs charge 467 mln
+      Per share impact of restructuring on Royal Dutch was credit
+  27 cts vs charge 17 cts in quarter and credit 16 cts vs charge
+  1.10 dlrs in year, on Shell Transport was credit 15 cts vs
+  charge 10 cts in quarter and credit nine cts vs charge 62 cts
+  in year
+      Net also includes currency exchange losses of 20 mln dlrs
+  vs 69 mln dlrs in quarter and 170 mln dlrs vs 401 mln dlrs in
+  year. Exchange losses had per share impact on Royal Dutch of 14
+  cts vs 31 cts in quarter and 96 cts vs 1.26 dlrs in year and on
+  Shell Transport of eight cts vs 17 cts in quarter and 51 cts vs
+  71 cts in year.
+  
+
diff --git a/reuters/training/2223 b/reuters/training/2223
new file mode 100644
index 0000000000000000000000000000000000000000..368dc22d61f2500c8e5782097de8ef985c8555eb
--- /dev/null
+++ b/reuters/training/2223
@@ -0,0 +1,17 @@
+WORLD GRAIN TRADE RECOVERY MAY BE UNDERWAY
+  World grain trade could be turning
+  the corner and heading toward recovery in the 1986-87 season, a
+  Cargill, Inc. analyst said.
+      Writing in the March issue of the Cargill Bulletin, David
+  Rogers of Cargill's Commodity Marketing Division cited a
+  gradual rise in world wheat trade in recent months, with a slow
+  rise in wheat prices after recent historic lows.
+      He said the wheat trade, because wheat can be produced in
+  many nations, is a good barometer of world grain trade and
+  could lead to more activity in other grain markets.
+      Rogers said that with world grain prices at their lowest
+  level in over a quarter of a century in real terms, demand has
+  begun to rise while producing nations are re-examining their
+  expensive price-support policies and reducing planted acres.
+  
+
diff --git a/reuters/training/2224 b/reuters/training/2224
new file mode 100644
index 0000000000000000000000000000000000000000..b5a5f6ba5e25573d9de71d1d3b26c0d6939a161b
--- /dev/null
+++ b/reuters/training/2224
@@ -0,0 +1,14 @@
+INVESTMENT FIRM BOOSTS PUROLATOR <PCC> STAKE
+  Halcyon Investments, a New York
+  investment partnership that deals mainly in risk arbitrage and
+  stock trading, said it raised its Purolator Courier Corp stake
+  to 726,700 shares, or 9.5 pct, from 474,900, or 6.2 pct.
+      In a filing with the Securities and Exchange Commission,
+  Halcyon, whose managing partner is Alan B. Slifka and Co, said
+  it bought 201,800 Purolator common shares between Feb 3 and
+  March 2 at prices ranging from 28.689 to 34.811 dlrs each.
+      Halcyon, which said it has spent 20.1 mln dlrs for its
+  Purolator common shares, said it also acquired options on Feb
+  27 giving it the right to buy 50,000 shares for 1.8 mln dlrs.
+  
+
diff --git a/reuters/training/2225 b/reuters/training/2225
new file mode 100644
index 0000000000000000000000000000000000000000..2ef8850abcb5264ca66deaa4486d330afe284a41
--- /dev/null
+++ b/reuters/training/2225
@@ -0,0 +1,10 @@
+AETNA <AET> TO SELL CANADIAN OPERATIONS
+  Aetna Life and Casualty Co said
+  its Aetna Life and Casualty of Canada Ltd subsidiary has agreed
+  in prnciple to sell its casualty-property subsidiary, Aetna
+  Casualty Co of Canada to <Laurentian Group> of Montreal for
+  undisclosed terms.
+      The company said the agreement is subject to Canadian
+  government approval.
+  
+
diff --git a/reuters/training/2226 b/reuters/training/2226
new file mode 100644
index 0000000000000000000000000000000000000000..2803b1e6853866424f568d21773d2cbe0d0891c3
--- /dev/null
+++ b/reuters/training/2226
@@ -0,0 +1,29 @@
+NPPC DELEGATES APPROVE DISEASE AND DRUG PROGRAMS
+  Delegates from the National Pork
+  Producers Council, NPPC, yesterday approved programs for
+  control and eradication of pseudorabies and establishment of a
+  national safe drug use program.
+      The delegate body, attending the American Pork Congress in
+  Indianapolis, approved a pseudorabies control and eradication
+  program at the state level after a recommendation from NPPC's
+  PRV (pseudorabies virus) oversight committee.
+      The PRV committee received results of a three year, five
+  state pilot project which had a 97.5 pct success rate in
+  eradication of the disease within 116 hog herds. The project
+  was jointly funded by the USDA and NPPC.
+      "Primarily it (the program) allows individual states to
+  deal with their own problems according to a timetable that
+  suits them best," Mike Wehler, member of the NPPC's PRV
+  oversight committee said.
+      In regards to safe drug use, the delegates approved a plan
+  asking that NPPC be active in establishing a national safe drug
+  use program.
+      The program would establish better relationships between
+  producers and veterinarians and eventually lead to a quality
+  assurance program in pork production, according to the plan.
+      "This program basically communicates to the FDA that we are
+  concerned about safe drug use and will do our part to use drugs
+  safely, if FDA will allow the same policy to continue in
+  effect," Wehler said.
+  
+
diff --git a/reuters/training/2227 b/reuters/training/2227
new file mode 100644
index 0000000000000000000000000000000000000000..8dd7977d7d629ac77b084ce8a416091d1490429f
--- /dev/null
+++ b/reuters/training/2227
@@ -0,0 +1,14 @@
+SOUTHERN MINERAL CORP <SMIN> 4TH QTR LOSS
+  Shr loss two cts vs profit three cts
+      Net loss 77,400 vs profit 134,000
+      Revs 418,500 vs 435,900
+      Year
+      Shr profit eight cts vs profit 27 cts
+      Net profit 315,100 vs profit 1,082,700
+      Revs 1,761,900 vs 2,511,200
+      NOTE: Per-share figures adjusted for four-for-three stock
+  distribution effective Dec 14, 1984
+      1985 results include an extraordinary tax benefit of 55,000
+  dlrs, or one ct a share in each period
+  
+
diff --git a/reuters/training/2228 b/reuters/training/2228
new file mode 100644
index 0000000000000000000000000000000000000000..9a273a3c78db9127aaeb2a0d5aefa15c5e6ef282
--- /dev/null
+++ b/reuters/training/2228
@@ -0,0 +1,79 @@
+BANK OF ENGLAND RESISTS PRESSURE FOR RATE CUT
+  The Bank of England again fought against
+  money and bond market pressure for a pre-Budget interest rate
+  cut, leaving the pound to take the strain with a further rise
+  in its trade-weighted index to a six-month high.
+      It closed at its best level since September 12, at 71.4 pct
+  of its 1975 value on the index, as foreign investors continued
+  to buy into a currency which offers high relative returns and
+  the possibility of short-term capital gains, dealers said.
+      Meanwhile, opinion is divided over whether the Bank can
+  stop a cut before Budget Day, March 17, and why it should want
+  to.
+      The Bank's latest strong signal to the market that it wants
+  rates to stay steady for the moment came in midafternoon, when
+  it lent to the discount houses at a penal rate of 11-3/4 pct to
+  relieve a money market shortage.
+      "They're really making the discount houses suffer," said
+  Stephen Lewis, economist at brokerage house Phillips and Drew.
+  "Eleven and three-quarters pct is way above money market rates."
+      This money market signal was apparently not accompanied by
+  any sterling sales on the foreign exchanges, talk of which had
+  inhibited strong rises yesterday and Tuesday, so buyers came
+  strongly into the pound.
+      The pound surged to a high of 1.5798/808 dlrs at the London
+  close, up from the previous finish at 1.5650/60, and 2.8900/60
+  marks, up from 2.8720/50.
+      "If this pressure keeps up...There is a possibility that
+  rates could drop before the Budget," said Jeremy Hale, economist
+  at finance house Goldman Sachs International Corp.
+      Some gilt traders are forecasting a half-point cut in the
+  base rate from the current 11 pct as early as tomorrow.
+      However, analysts said the Bank of England will need to be
+  convinced that the present rise is a fundamental re-rating
+  rather than a result of short-term speculative gains.
+      There are valid reasons for the Bank to be cautious, said
+  Peter Fellner, U.K. Economist at brokers James Capel and Co.
+      Markets have become highly optimistic about the chances of
+  a Conservative Party victory in any early general election, and
+  disappointment if Prime Minister Margaret Thatcher decides to
+  hold back could lead to a decline in the pound and a setback
+  for bonds, Fellner said.
+      An election could be delayed until mid-1988, but most
+  forecasts say it will be this year.
+      Others note that the pound could yet prove vulnerable to
+  oil price losses or a change of fortune for the dollar.
+      However, analysts agree the Bank is largely trying to set
+  the timing of a cut than holding out against one altogether.
+      The authorities traditionally prefer a single sustainable
+  rate move, one way or the other, to half points here and there.
+      Some add the Bank will be influenced by signs that at least
+  a proportion of the latest bout of sterling buying is long-term
+  capital coming into the London market, notably from Japan.
+      They argue that the pound is being perceived as a safer bet
+  than the dollar, given the latters recent sharp falls and
+  current political upheavals in Washington.
+      The Bank may want to see another few points on the
+  trade-weighted index before the Budget, argued Lewis. "But by
+  then sterling should be firm enough to satisfy even the Bank of
+  England," he added.
+      The Bank declined to comment on its reasons for resisting
+  pressure for a rate move before the budget, but banking sources
+  said the authorities see the recent rise in sterling as more
+  than just marking up by foreign exchange traders.
+      Meanwhile, analysts noted the market ignored potentially
+  harmful news on the trade front, today's figures showing that
+  the current account deficit in 1986 was 1.1 billion stg.
+      This was above previous estimates of the current account
+  deficit and compares with a surplus of 2.9 billion stg in 1985.
+      Fellner said that under more normal conditions this would
+  have given the bond and currency markets a pause, but that they
+  were too bullish to worry about such fundamentals.
+      The guessing game over the timing of a cut has the clearing
+  banks divided as well as the markets. Privately, some bank
+  officials forecast the Bank will hold out at least for this
+  week, but at least one bank says a rise is possible tomorrow.
+  If a move comes before March 17, forecasts are for a half-point
+  cut, with another half or full point about Budget day.
+  
+
diff --git a/reuters/training/2230 b/reuters/training/2230
new file mode 100644
index 0000000000000000000000000000000000000000..22752888c662085c319e50ba227c3ca6c8c38e83
--- /dev/null
+++ b/reuters/training/2230
@@ -0,0 +1,7 @@
+ENGELHARD CORP <EC> SETS STOCK SPLIT
+  Engelhard Corp said its board
+  declared a three-for-two stock split and raised the quarterly
+  dividend to 19-1/2 cts per share presplit from 19 cts, both
+  payable March 31 to holders of record March 17.
+  
+
diff --git a/reuters/training/2231 b/reuters/training/2231
new file mode 100644
index 0000000000000000000000000000000000000000..89797bae0fa697190f20eda6e682acd94307bea8
--- /dev/null
+++ b/reuters/training/2231
@@ -0,0 +1,15 @@
+EGYPTIAN 1986 CRUDE OIL OUTPUT DOWN ON 1985
+  Non-Opec Egypt produced 40.3 mln tonnes
+  (about 295 mln barrels) of crude in 1986 against 44.3 mln
+  tonnes (about 323 mln barrels) in 1985, according to official
+  figures released today by the Egyptian General Petroleum Corp.
+  (EGPC).
+      Officials say Egypt can produce up to one mln bpd per day,
+  but production was cut when world prices plunged last year.
+      In an attempt to help OPEC stabilize the world market,
+  Egypt cut its 1987 production target of 940,000 bpd to its
+  current output of 870,000 bpd.
+      Egypt, which exports a third of its output, currently sells
+  its top Suez and Ras Bahar blends for 17.25 dlrs a barrel.
+  
+
diff --git a/reuters/training/2232 b/reuters/training/2232
new file mode 100644
index 0000000000000000000000000000000000000000..530a24affd1f62ee75092a16ecf746f056e4890b
--- /dev/null
+++ b/reuters/training/2232
@@ -0,0 +1,7 @@
+TRADERS DETAIL IRISH INTERVENTION BARLEY TENDER
+  The European Commission authorised the
+  export of 33,500 tonnes of Irish intervention barley at today's
+  tender for non-European Community destinations at 53.10 Ecus
+  per tonne, grain traders said.
+  
+
diff --git a/reuters/training/2234 b/reuters/training/2234
new file mode 100644
index 0000000000000000000000000000000000000000..208b437dc30c17e2766cc62aef7f584ced67e649
--- /dev/null
+++ b/reuters/training/2234
@@ -0,0 +1,12 @@
+H AND H OIL TOOL CO <HHOT> 4TH QTR LOSS
+  Shr loss six cts vs profit two cts
+      Net loss 196,000 vs profit 71,000
+      Revs 2,512,000 vs 5,776,000
+      Year
+      Shr loss 1.09 dlrs vs loss 18 cts
+      Net loss 3,509,000 vs loss 587,000
+      Revs 12.0 mln vs 21.0 mln
+      Note: 1986 year includes special charge of 1,600,000 dlrs,
+  or 50 cts per shr on write-down of rental equipment.
+  
+
diff --git a/reuters/training/2236 b/reuters/training/2236
new file mode 100644
index 0000000000000000000000000000000000000000..f505f933b36ac0aa7430ef785057992622a74b3d
--- /dev/null
+++ b/reuters/training/2236
@@ -0,0 +1,6 @@
+CB AND T FINANCIAL CORP <CBTF> YEAR NET
+  Shr 2.10 dlrs vs 1.72 dlrs
+      Shr diluted 1.98 dlrs vs 1.72 dlrs
+      Net 2,228,000 vs 1,730,000
+  
+
diff --git a/reuters/training/2237 b/reuters/training/2237
new file mode 100644
index 0000000000000000000000000000000000000000..443d314a7f7f6dbba47ab31e006a257210b5c58e
--- /dev/null
+++ b/reuters/training/2237
@@ -0,0 +1,9 @@
+AMOSKEAG BANK <AMKG> TO ACQUIRE ENTREPO
+  Amoskeag Bank said it signed an
+  agreement to acquire <Entrepo Financial Resources Inc>, a
+  Philadelphia-based company which leases and remarkets high
+  technology equipment.
+      Terms of the acquisition were not disclosed.
+      It said Entrepo has assets of 20 mln dlrs.
+  
+
diff --git a/reuters/training/2238 b/reuters/training/2238
new file mode 100644
index 0000000000000000000000000000000000000000..05e83b970f131f15b0298eb7329e40c4dca389c8
--- /dev/null
+++ b/reuters/training/2238
@@ -0,0 +1,6 @@
+WASHINGTON NATIONAL CORP <WNT> VOTES DIVIDEND
+  Qtly div 27 cts vs 27 cts prior qtr
+      Pay 1 April
+      Record 16 March
+  
+
diff --git a/reuters/training/2239 b/reuters/training/2239
new file mode 100644
index 0000000000000000000000000000000000000000..fa9519cf1c86e261dcaccd69c50951e121341b15
--- /dev/null
+++ b/reuters/training/2239
@@ -0,0 +1,9 @@
+KAINES SELLS JORDAN TWO CARGOES OF WHITE SUGAR
+  Trade house Kaines said it sold Jordan
+  two cargoes of white sugar at its buying tender today.
+      The sale comprised two 12,000 to 14,000 tonne cargoes (plus
+  or minus 10 pct) for Mar/Apr shipment, a Kaines trader said.
+      Traders said the business was done at 235.5 dlrs a tonne
+  cost and freight.
+  
+
diff --git a/reuters/training/2240 b/reuters/training/2240
new file mode 100644
index 0000000000000000000000000000000000000000..5faa5069edb18e4546f42773e0081c7671e41563
--- /dev/null
+++ b/reuters/training/2240
@@ -0,0 +1,9 @@
+COMMUNITY BANK SYSTEM <CBSI> BUYS NICHOLS BANK
+  Community Bank Systems Inc and
+  the <Nichols National Bank> said they have signed a definitive
+  agreement for Nichols to become a member of the CBSI Group of
+  banks for an exchange of stock worth 2.8 mln dlrs.
+      CBSI said it expects to complete the deal, pending Nichols'
+  shareholder and regulatory approval, later this year.
+  
+
diff --git a/reuters/training/2244 b/reuters/training/2244
new file mode 100644
index 0000000000000000000000000000000000000000..69a2e323e6dbdffa6f2f24c5ad618f1f71ebeeb7
--- /dev/null
+++ b/reuters/training/2244
@@ -0,0 +1,5 @@
+EASTMAN KODAK ACQUIRES 18.7 PCT INTEREST IN ENZON INC
+
+  EASTMAN KODAK ACQUIRES 18.7 PCT INTEREST IN ENZON INC
+  
+
diff --git a/reuters/training/2246 b/reuters/training/2246
new file mode 100644
index 0000000000000000000000000000000000000000..12ec5469ab833ed13f66f1c5add484c9e2d964ed
--- /dev/null
+++ b/reuters/training/2246
@@ -0,0 +1,25 @@
+TURKEY SEEKING 100,000 TONNES SUGAR - TRADE
+  Turkey is holding a buying tender for
+  100,000 tonnes of white sugar on March 24, traders here said.
+      The sugar is being sought for early arrival and will
+  probably be met with April/May shipment sugar, they added.
+      Earlier today newspapers in Turkey carried an advertisement
+  from Turkish Sugar Factories inviting offers of 100,000 tonnes
+  of crystal sugar with a 50 pct option to increase or decrease
+  the amount.
+      Over the 1983/85 period Turkey each year has exported
+  between 240,000 and 350,000 tonnes of whites to Iran and
+  between 62,000 and 230,000 tonnes to Iraq.
+      Following lower sugar crops in the past two years analysts
+  said Turkey needs to import sugar now if it is to continue
+  filling these export contracts, and may need to buy more.
+      Last month London broker C Czarnikow estimated Turkish
+  1986/87 production at 1.42 mln tonnes raw value against 1.4 mln
+  in 1985/86 and an average 1.76 mln in the previous three
+  seasons.
+      The semi-official Anatolian Agency recently quoted Turkish
+  Minister of Industry and Trade Cahit Aral as saying Turkey
+  would export 100,000 tonnes of sugar this year and import the
+  same amount.
+  
+
diff --git a/reuters/training/2247 b/reuters/training/2247
new file mode 100644
index 0000000000000000000000000000000000000000..7381ea32fbb6e10249237c0fa35bf3ecd1b04284
--- /dev/null
+++ b/reuters/training/2247
@@ -0,0 +1,21 @@
+SHAD FAVORS SHORTENING DISCLOSURE PERIOD
+  Securities and Exchange Commission
+  Chairman John Shad said the SEC favors shortening the current
+  10-day period for disclosing takeover attempts but opposes
+  putting restrictions on the use of so-called junk bonds.
+      "We favor shortening the disclosure period to two days,"
+  Shad told members of the House Telecommunications and Finance
+  subcommittee when asked for his recommendation.
+      He said the SEC's responsibility was to provide full
+  disclosure for securities, including junk bonds, and not to
+  make decisions based on merit. He said junk bonds had some
+  value because of their liquidity.
+      Shad said he opposes proposals to require those attempting
+  takeovers to file a statement on the impact the takeover would
+  have on the communities involved.
+      "We've opposed it in the past. It goes far beyond investor
+  protection," Shad said.
+      He said he had no comment on a proposal by House Speaker
+  Jim Wright, D- Texas, to tax securities transactions.
+  
+
diff --git a/reuters/training/2249 b/reuters/training/2249
new file mode 100644
index 0000000000000000000000000000000000000000..3c85ed0a76fb1848ed7d182b9cd2456aa7f03dcb
--- /dev/null
+++ b/reuters/training/2249
@@ -0,0 +1,12 @@
+CORRECTED - PEGASUS GOLD INC<PGULF> 4TH QTR NET
+  Shr profit 20 cts vs loss two cts
+      Net profit 2,665,000 vs loss 202,000
+      Revs 12,141,000 vs 5,993,000
+      Year
+      Shr profit 35 cts vs loss 11 cts
+      Net profit 4,653,000 vs loss 1,167,000
+      Revs 35.1 mln vs 18.0 mln
+      NOTE: company corrects reporting period to 4th qtr and year
+  from 3rd qtr and nine mths
+  
+
diff --git a/reuters/training/225 b/reuters/training/225
new file mode 100644
index 0000000000000000000000000000000000000000..eb282dd4de56e84e61dd1ca137badb7e743c1bbf
--- /dev/null
+++ b/reuters/training/225
@@ -0,0 +1,35 @@
+JAPAN EXPECTED TO CUT BASE RATE FOR STATE BODIES
+  Japan is expected to cut the base lending
+  rate for state financial institutions to 5.5 pct from 6.2 as
+  part of the recent pact by major industrial nations in Paris,
+  Finance Ministry sources said.
+      They said the cut is based on a revision of the Trust Fund
+  Bureau Law, which should be approved by parliament on March 3,
+  abolishing the 6.05 pct minimum interest rate on deposits with
+  the bureau.
+      The bureau channels funds to government financial
+  institutions for public works and other official uses, they
+  said.
+      The base lending rate for state bodies such as the Japan
+  Development Bank, People's Finance Corp and the finance
+  corporations of local public enterprises usually moves in
+  tandem with long-term prime rates, the sources said.
+      However, it was impossible for them to follow the last cut,
+  to 5.8 pct from 6.2 pct on January 28, because the Trust Fund
+  Bureau rate was legally set at 6.05 pct.
+      The ministry will abolish the minimum rate and introduce a
+  market-related one to resolve the problem and stimulate the
+  domestic economy, they said.
+      On Tuesday, the ministry allowed long-term bankers to cut
+  their prime to a record low of 5.5 pct, effective February 28.
+  The move suggested it had reached agreement with depositors
+  using the bureau, the postal savings system of the Posts and
+  Telecommunications Ministry and the Japan welfare annuity of
+  the Ministry of Health and Welfare, the sources said.
+      These ministries are trying to determine which market rates
+  should be considered when setting the bureau's deposit rate,
+  the ministry sources said.
+      Coupon rates on new 10-year government bonds, minus 0.1
+  percentage points, is the likeliest choice, they added.
+  
+
diff --git a/reuters/training/2251 b/reuters/training/2251
new file mode 100644
index 0000000000000000000000000000000000000000..eb57f70a98bbaf77f128e707f8b46dcef3dba80a
--- /dev/null
+++ b/reuters/training/2251
@@ -0,0 +1,58 @@
+HUGHES TOOL <HT> SAYS BAKER <BKO> MERGER ALIVE
+  Hughes Tool Co Chairman W.A. Kistler
+  said its counter proposal to merge with Baker International
+  Corp was still under consideration and that a merger was in the
+  best interests of both companies.
+      "Our hope is that we can come to a mutual agreement that is
+  good for both companies," Kistler said of the proposed merger
+  that would result in a 1.2 billion dlr oil field service
+  company. "We're working very hard on this merger."
+      Hughes' board today again adjourned a shareholders meeting
+  to vote on the proposed merger and rescheduled it for March 11
+  to give Baker more time to consider the counter proposal.
+      The Hughes board, which had previously expressed concern
+  about a U.S. Department of Justice consent decree that would
+  require Baker to sell its drilling bit operations and
+  submersible pump business, met yesterday and threatened to
+  terminate the proposed merger.
+      The Hughes board made a counter proposal that the two
+  companies first find acceptable buyers for the businesses
+  before signing the decree.
+      The directors of Baker immediately after receiving the
+  counter proposal filed a law suit in Texas in a Texas state
+  court to force to Hughes to complete the merger.
+      "The uncertainty as to the price and conditions that might
+  be imposed by the Department of Justice makes us very nervous
+  about what the outcome might be," Kistler said, in explaining
+  why Hughes had made the counter proposal.
+      "We need additional time to understand why Baker did not
+  accept our proposal."
+      Kistler also said that the law suit filed by Baker "was not
+  a factor" in the board's decision to keep its merger proposal
+  on the table.
+      He declined to comment on the allegations in the lawsuit.
+      Kistler said Hughes would be willing to consider a
+  compromise counter proposal, but declined to be more specific.
+      The Justice Department in January said it would block the
+  Hughes and Baker merger on anti-trust grounds unless both
+  companies agreed to sign a consent decree that would provide
+  for the sale of the assets after the merger took place.
+      The Hughes board said it would not sign the decree because
+  its was too "unreasonable." Hughes said that Baker should
+  instead complete the sale of the disputed assets before the
+  merger is finalized and given government approval.
+      Under the decree, if Baker is unable to find acceptable
+  buyers within a specified period of time after the decree is
+  approved, a federal trustee would become responsible for
+  finding a buyer.
+      Kistler said that under those terms, the trustee could take
+  up to 10 years to complete the sales.
+      He also expressed concern that the combined companies might
+  be required by the government's conditions to license some of
+  its technology to any purchaser of the assets.
+      Baker said last night in a statement that the required
+  assets to be sold would reduce revenues by about 65 mln dlrs,
+  representing about three pct of the revenues of the combined
+  companies.
+  
+
diff --git a/reuters/training/2252 b/reuters/training/2252
new file mode 100644
index 0000000000000000000000000000000000000000..41190a48b33765d647f50c8cc8909014cf82a354
--- /dev/null
+++ b/reuters/training/2252
@@ -0,0 +1,11 @@
+AEQUITRON MEDICAL INC <AQTN> 3RD QTR LOSS
+  Period ended January 31
+      Shr loss five cts vs profit eight cts
+      Net loss 247,100 vs profit 345,300
+      Sales 4,529,300 vs 3,482,800
+      Nine mths
+      Shr profit six cts vs profit 18 cts
+      Net profit 261,300 vs profit 793,700
+      Sales 12.3 mln vs 9,957,200
+  
+
diff --git a/reuters/training/2253 b/reuters/training/2253
new file mode 100644
index 0000000000000000000000000000000000000000..f427992549fbf165ac9a6a2c266abb98e62f5bee
--- /dev/null
+++ b/reuters/training/2253
@@ -0,0 +1,17 @@
+LOWE'S COS INC <LOW> 4TH QTR JAN 31 NET
+  Shr 18 cts vs 31 cts
+      Net 7,168,000 vs 11.3 mln
+      Sales 497.4 mln vs 475.6 mln
+      Avg shrs 39.6 mln vs 37.1 mln
+      Year
+      Shr 1.34 dlrs vs 1.64 dlrs
+      Net 52.2 mln vs 59.7 mln
+      Sales 2.28 billion vs 2.07 billion
+      Avg shrs 39.0 mln vs 36.5 mln
+      NOTE: Current year net both periods includes charge
+  2,885,000 dlrs or seven cts shr from early note retirement and
+  charge seven cts shr from reversal of tax credits.
+      Current year net both periods includes gain six cts shr
+  from plywood manufacturers litigation settlement.
+  
+
diff --git a/reuters/training/2257 b/reuters/training/2257
new file mode 100644
index 0000000000000000000000000000000000000000..500f7216ea1927d1c48c6d2e706467bedb4d0e4a
--- /dev/null
+++ b/reuters/training/2257
@@ -0,0 +1,46 @@
+FRANCE TO SELL STAKE IN SOCIETE GENERALE UNIT
+  The French government is to
+  sell to the public its 47.42 pct direct holding in Societe
+  Generale <STGN.PA>'s regional bank subsidiary <Societe Generale
+  Alsacienne de Banque>, SOGENAL, from next Monday, SOGENAL
+  officials said.
+      SOGENAL, founded in 1881 and nationalised in 1982, is the
+  leading French regional bank and has branches in Austria,
+  Belgium, Luxembourg, East and West Germany and Switzerland.
+      Chairman Rene Geronimus told a news conference the share
+  offer price, expected to be announced tomorrow by Finance
+  Minister Edouard Balladur, would be between 110 and 130 francs.
+      Societe Generale, which will itself be privatised later
+  this year, will retain its 52.58 pct majority holding in the
+  bank, Chairman Marc Vienot said.
+      SOGENAL officials said they forecast 1987 consolidated
+  group profit of around 170 mln francs after an estimated 160
+  mln this year and 159 mln in 1985.
+      SOGENAL's privatisation will be preceded by a capital
+  increase to 320 mln francs from 263 mln, earning about 250 mln
+  francs in new funds. Its shares will be divided by eight,
+  giving a capital of 12.8 mln shares of 25 francs nominal.
+      The bank will be listed on the Nancy stock exchange, in
+  line with the Finance Ministry and government's aim of a
+  regional operation, Geronimus said.
+      He said he was hoping for shareholders to total around
+  30,000 to 35,000 against the 12,500 before nationalisation. Ten
+  pct of the capital to be floated will be reserved for employees
+  with the rest offered to the public. There will not be a share
+  reserved for foreign investors. "This is too small an operation
+  and anyway they will be able to buy shares in France," he said.
+      Stockbroker sources said that a likely share offer price of
+  120 francs would value SOGENAL at 1.5 billion francs.
+      Geronimus said the bank's future aim would be to reinforce
+  its existing strong points, with no major projects planned
+  apart from the opening soon of a Basle branch.
+      SOGENAL is the only French bank in Austria, it set up the
+  first foreign exchange dealing room outside Paris at its
+  Strasbourg headquarters in 1985, and is the only foreign
+  banking subsidiary to be a broker on the Zurich Bourse.
+      The government's banking adviser for the operation was
+  <Banque Privee de Gestion Financiere>, BPGF, owned by French
+  financier Pierre Moussa's <Pallas> group, assisted by Britain's
+  <Hambros Bank Ltd>.
+  
+
diff --git a/reuters/training/2259 b/reuters/training/2259
new file mode 100644
index 0000000000000000000000000000000000000000..79a6193287ac0dcd744380651a41241771dae9dd
--- /dev/null
+++ b/reuters/training/2259
@@ -0,0 +1,10 @@
+MIDLAND <MLA> SETS STOCK SPLIT
+  Midland Co said its board declared a
+  two-for-one stock split, subject to approval of a doubling of
+  authorized common shares at the annual meeting on April 9, and
+  an increase in the quarterly dividend to 12 cts pre-split from
+  10 cts.
+      The dividend is payable April 8, record March 17, and the
+  split would be payable May 7, record April 23.
+  
+
diff --git a/reuters/training/2260 b/reuters/training/2260
new file mode 100644
index 0000000000000000000000000000000000000000..c25080d72c66ea94a55f127fe44ca5f39a3c8180
--- /dev/null
+++ b/reuters/training/2260
@@ -0,0 +1,16 @@
+PRUDENTIAL INSURANCE YEAR EARNINGS
+  The Prudential Insurance Company of
+  America, a privately held company, said today that net income
+  in 1986 rose to 2.8 billion dlrs from the 2.3 billion dlrs
+  reported the year earlier.
+      Assets under management rose to 177.5 billion dlrs in 1986
+  from 150.1 billion dlrs in 1985, while consolidated assets
+  jumped to 134.5 billion dlrs from 115.7 billion dlrs.
+      Discussing its major subsidiaries, the company said that
+  Prudential Capital and Investment Services Inc, the holding
+  company for brokerage house Prudential-Bache Securities and
+  certain other related subsidiaries, earned 142 million dlrs in
+  1986. Of that, the securities operations of Prudential-Bache
+  netted 81.7 mln dlrs after taxes and a charge of 25 mln dlrs.
+  
+
diff --git a/reuters/training/2264 b/reuters/training/2264
new file mode 100644
index 0000000000000000000000000000000000000000..391696de791605c6f6c7b6973613737c587eef6a
--- /dev/null
+++ b/reuters/training/2264
@@ -0,0 +1,9 @@
+EC OPENS SPECIAL REBATE FOR MAIZE - PARIS TRADE
+  The EC Commission decided to open a
+  special daily export rebate today for maize exports to Morocco,
+  Israel, Canary Islands and zone 5c (Sub-Saharan Africa), trade
+  sources said here.
+      The rebate was set at 153 European currency units per tonne
+  for March and 133 for April through July.
+  
+
diff --git a/reuters/training/2265 b/reuters/training/2265
new file mode 100644
index 0000000000000000000000000000000000000000..6224e6f114035a91d220c926bd3af28454fc8543
--- /dev/null
+++ b/reuters/training/2265
@@ -0,0 +1,13 @@
+AEQUITRON <AQTN> SEES 4TH QTR CHARGE
+  Aequitron Medical Inc said costs
+  related to its previously announced plan to consolidate Life
+  Products operations in Boulder, Colo, are expected to total
+  720,000 dlrs, or eight cts a share for the fourth quarter
+  ending April 30.
+      It said the costs including moving expenses, severance pay
+  and future lease payments.
+      The company said it will consolidate Life Products into the
+  company's headquarters and manufacturing operations in
+  Minneapolis.
+  
+
diff --git a/reuters/training/2266 b/reuters/training/2266
new file mode 100644
index 0000000000000000000000000000000000000000..58582e513164e7f6581ebaa71a25355fa2961f65
--- /dev/null
+++ b/reuters/training/2266
@@ -0,0 +1,12 @@
+BIG B INC <BIGB> 4TH QTR JAN 31 NET
+  Shr 23 cts vs 17 cts
+      Net 1,742,000 vs 1,1512,000
+      Sales 62.6 mln vs 53.6 mln
+      Avg shrs 7,854,000 vs 6,617,000
+      Year
+      Shr 61 cts vs 61 cts
+      Net 4,469,000 vs 4,039,000
+      Sales 209.8 mln vs 175.4 mln
+      Avg shrs 78,369,000 vs 6,610,000
+  
+
diff --git a/reuters/training/2268 b/reuters/training/2268
new file mode 100644
index 0000000000000000000000000000000000000000..a85d9975c9447dac0a0600f25a86217ede15e416
--- /dev/null
+++ b/reuters/training/2268
@@ -0,0 +1,13 @@
+WILSHIRE <WOC> CHIEF NAMED TO JACOBS <JEC> BOARD
+  Wilshire Oil Co of Texas, which has a
+  9.8 pct stake in Jacobs Engineering Group Inc, said its
+  chairman, Siggi Wilzig, was appointed to the Jabobs board.
+      In a filing with the Securities and Exchange Commission,
+  Wilshire, which holds 417,100 Jacobs common shares, said Wilzig
+  was appointed to the Jacobs board of directors on March 3 after
+  the company's annual shareholder meeting.
+      Wilshire also said that Jacobs Chairman Joseph Jacobs has
+  agreed to recommend a second Wilshire nominee for election to
+  the board if the person was found to be qualified.
+  
+
diff --git a/reuters/training/2269 b/reuters/training/2269
new file mode 100644
index 0000000000000000000000000000000000000000..4aea9e70a77ae395880b8ba82637187691879263
--- /dev/null
+++ b/reuters/training/2269
@@ -0,0 +1,72 @@
+FEBRUARY U.S. RETAIL SALES NOT SIGN OF UPTURN
+  U.S. retailers posted stronger than
+  expected sales in February, but not enough to prompt analysts
+  to change their expectations of sluggish sales growth for the
+  first half of 1987.
+       "My feeling is that it (February) borrowed some of the
+  business we normally see later in the quarter and the real
+  strength of general merchandise sales will be in the second
+  half of 1987," said Bear Stearns and Co analyst Monroe
+  Greenstein.
+      "I don't think March will be as strong because Easter falls
+  in April this year," said Morgan Stanley analyst Walter Loeb.
+     Analysts generally average the sales results of March and
+  April to account for the variation of Easter's occurrence.
+      Analyst Edward Johnson of Johnson Redbook Associates said
+  sales for February rose between six and 6.5 pct, compared to a
+  3.6 pct increase last year.
+       Analysts noted that February is considered a small,
+  transitory month between winter and spring.
+      In addition, sales comparisons were boosted by an
+  especially soft February last year which was adversely affected
+  by severe weather.
+      Apparel sales outshone other product groups in sales,
+  according to retailers and analysts.
+      "February's strong sales reflected a lot of fresh
+  merchandise on the shelves and higher consumer income due to
+  tax reductions," said Greenstein of Bear Stearns.
+      Analysts expect apparel sales to remain good as sales of
+  durable and houseware items grow softer due to the continuing
+  high levels of consumer debt.
+       May Department Stores Co <MAY> and K Mart Corp <KM> were
+  among the strong performers, posting comparable store sales
+  gains of 9.4 pct and 8.2 pct, respectively. May had an overall
+  sales gain of 15.0 pct and K Mart had a 13.1 pct sales gain 
+  last month.
+      "Favorable consumer response to our merchandise programs
+  continued to positively impact our sales comparisons. IN
+  addition to the strong contribution by K Mart stores, all our
+  specialty retailing companies had excellent February sales,"
+  said K Mart chairman Bernard Fauber.
+      Sears Roebuck and Co <S> posted a 4.9 pct increase.
+  "Domestic sales were led by better than average increases in
+  apparel, home fashions and hardware and especially strong
+  catalog sales," said Sears chairman Edward Brennan.
+      Analysts were a little disappointed by J.C. Penney Co Inc
+  <JCP> which started out with especially strong sales early in
+  the month. Penney posted a 5.5 pct increase on a comparitive
+  store basis and a 5.3 pct gain in overall sales.
+      Penney chairman William Howell said, "store sales were
+  strongest during the early part of the month, while catalog
+  demand was consistently strong throughout the period.
+      Store sales activity varied throughout the country, ranging
+  from good in the East to weak in the depressed southwest.
+      Analysts also said gross profit margins were high as
+  retailers were not overly promotional due to leaner inventories
+  than a year ago.
+      "February is not a big month seasonally but these numbers
+  suggest a fairly good trend for consumer spending," said Drexel
+  Burnham Lambert analyst Jeff Edelman.
+      FEBRUARY SALES FOR MAJOR U.S. RETAILERS
+      STORE          PCT      1987       1986
+   SEARS             4.9      1.8 BILL   1.8 BILL
+   K MART            13.1     1.5 BILL   1.3 BILL
+   WAL-MART          44.0     885 MLN    615 MLN
+   JC PENNEY         5.3      780 MLN    741 MLN
+   FEDERATED         9.6      720 MLN    657 MLN
+   MAY               15.0     632 MLN    550 MLN
+   DAYTON HUDSON     19.5     602 MLN    504 MLN
+   ZAYRE             25.7     327 MLN    260 MLN
+   MONTGOMERY WARD   11.1     277 MLN    249 MLN
+  
+
diff --git a/reuters/training/227 b/reuters/training/227
new file mode 100644
index 0000000000000000000000000000000000000000..d3ced7e9b08a7756c690b50d7296bc855516a24c
--- /dev/null
+++ b/reuters/training/227
@@ -0,0 +1,51 @@
+AUSTRALIA'S KEATING CHANGES ECONOMIC FORECASTS
+  Domestic demand is now expected to make
+  no contribution to Australian economic growth in fiscal
+  1986/87, ending June 30, while net exports will account for all
+  of the overall increase, Treasurer Paul Keating said here.
+      However, he did not say in his speech to the Economic
+  Planning Advisory Council (EPAC) if the forecast 2.25 pct rise
+  in gross domestic product (gdp) had been revised.
+      But Keating said domestic demand could fall slightly this
+  financial year and net export growth will provide the total
+  source of gdp growth.
+      The August budget had forecast domestic demand would
+  contribute 0.75 percentage points to non-farm gdp growth of 2.5
+  pct while net exports would account for 1.75 points.
+      Keating said the overall impact of the changed economic
+  parameters is welcome as it appears to have contributed to a
+  slightly more rapid correction in the current account deficit
+  than first anticipated.
+      "The government initially forecast a current account deficit
+  for 1986/87 of 14.75 billion -- our present expectation is that
+  the result will be somewhat lower, around 14 billion," he said.
+      Partial indicators released since the last meeting of EPAC
+  in December indicate that the 1986/87 budget strategy is
+  broadly on track, Keating said.
+      "They indicate that domestic demand has been a little more
+  sluggish than was expected at budget time," he said.
+      "On the other hand, net exports seem to be expanding by more
+  than expected at budget time, and this is underpinning growth
+  in domestic production and employment."
+      Keating said it now seems likely that the 1986/87 inflation
+  rate will exceed the budget forecast of eight pct.
+      "Nevertheless, there is likely to be a marked slowing in
+  inflation over coming quarters as depreciation and budgetary
+  effects wane," he said.
+      Keating said the government expects economic growth to pick
+  up moderately in 1987/88 due to a further significant rise in
+  net exports and a very moderate but positive contribution from
+  private domestic demand.
+      He said domestic demand growth will be due to a
+  strengthening in real household disposable income.
+      The moderate rise in economic growth next financial year
+  should be sufficient to sustain employment growth at a level
+  broadly equivalent to that of the current fiscal year.
+      "The current account deficit will continue to show
+  improvement in 1987/88," Keating said.
+      "As the impact of the exchange rate depreciations of recent
+  years recede further, and given continued effective wage
+  restraint, inflation should moderate markedly in 1987/88," he
+  said.
+  
+
diff --git a/reuters/training/2270 b/reuters/training/2270
new file mode 100644
index 0000000000000000000000000000000000000000..e10f23a11a54ccb746aa31ab155a13ad74562979
--- /dev/null
+++ b/reuters/training/2270
@@ -0,0 +1,7 @@
+QUARTZ ENGINEERING AND MATERIALS <QRTZ> 1ST QTR
+  Qtr ended Dec 31
+      Shr nil vs nil
+      Net loss 59,922 vs loss 357,203
+      Revs 714,263 vs 926,964
+  
+
diff --git a/reuters/training/2271 b/reuters/training/2271
new file mode 100644
index 0000000000000000000000000000000000000000..926d1cb9bd17d00a0609dfe86d575ce0f73cff18
--- /dev/null
+++ b/reuters/training/2271
@@ -0,0 +1,23 @@
+KODAK <EK> BUYS STAKE IN ENZON <ENZN>
+  Eastman Kodak Co said it has
+  acquired an 18.7 pct equity interest in Enzon Inc, a
+  pharmaceutical company specializing in protein therapy.
+      Kodak said it secured worldwide marketing rights for three
+  of Enzon's PEG enzymes used in the treatment of oxygen toxicity
+  disorders, hyperuricemia and gout.
+      The company said it acquired two mln Enzon shares for 15
+  mln dlrs, with loans to Enzon of two mln dlrs and interest of
+  30,000 dlrs credited against the purchase price.
+      Kodak said the drugs covered by the marketing rights are in
+  initial stages of the U.S. Food and Drug Administration
+  approval process.  It said the investment should provide the
+  necessary capital to complete the FDA review process and
+  provide a marketing outlet for the drugs.
+      The drugs are PEG-superoxide disdmutase and PEG-catalase,
+  for use against oxygen toxicity disorders that cause the
+  often-fatal tissue damage associated with severe burns, organ
+  transplants, heart attacks and trauma, and PEG-uricase, for
+  treatment of gout and other conditions caused by the buildup of
+  high levels of uric acid in the body.
+  
+
diff --git a/reuters/training/2273 b/reuters/training/2273
new file mode 100644
index 0000000000000000000000000000000000000000..da683d5013647c67e69bd283751f9625d911a942
--- /dev/null
+++ b/reuters/training/2273
@@ -0,0 +1,16 @@
+GEMCRAFT INC <GEMH> YEAR NET
+  Shr 42 cts vs 1.21 dlrs
+      Net 2,317,000 vs 5,847,000
+      Sales 360.0 mln vs 282.4 mln
+      Avg shrs 5,463,000 vs 4,829,000
+      NOTE: 1986 net includes 4,700,000 dlr pretax charge from
+  writedown of land and abandonment of land and pretax charges of
+  5,800,00 dlrs from pending rescission offer, settlements with
+  U.S. agencies, adjustment of the prior booking of residuals
+  arising from collateralized mortgage obligation bond issues,
+  writedowns of land held by a joint venture, startup costs
+  associated with entering new markets, an increase in reserves
+  for customer service and writeoffs and reserves for
+  mortgage-related receivables to reflect current market values.
+  
+
diff --git a/reuters/training/2275 b/reuters/training/2275
new file mode 100644
index 0000000000000000000000000000000000000000..3c44b4b17b573f246621c2f806a0b4e6d4cf5ce9
--- /dev/null
+++ b/reuters/training/2275
@@ -0,0 +1,9 @@
+APPLIED SOLAR ENERGY CORP <SOLR> 1ST QTR NET
+  Qtr ended Jan 31
+      Shr profit nine cts vs loss 30 cts
+      Net profit 317,000 vs loss 997,000
+      Sales 6,338,000 vs 3,119,000
+      Note: 1986 net includes extraordinary gain of 90,000 dlrs,
+  or two cts per shr.
+  
+
diff --git a/reuters/training/2276 b/reuters/training/2276
new file mode 100644
index 0000000000000000000000000000000000000000..dde25b3f88022d6a0afe25b5f02b2c170e448030
--- /dev/null
+++ b/reuters/training/2276
@@ -0,0 +1,10 @@
+PACIFIC NUCLEAR SYSTEMS IN <PACN> 4TH QTR LOSS
+  Shr loss 19 cts vs profit seven cts
+      Net loss 851,000 vs profit 227,000
+      Revs 2,600,000 vs 4,800,000
+      Year
+      Shr loss 46 cts vs profit 19 cts
+      Net loss 2,100,000 vs profit 600,000
+      Revs 9,900,000 vs 15.9 mln
+  
+
diff --git a/reuters/training/2278 b/reuters/training/2278
new file mode 100644
index 0000000000000000000000000000000000000000..be12bf0612795de59c9224792b40384be6c2cba0
--- /dev/null
+++ b/reuters/training/2278
@@ -0,0 +1,40 @@
+FED'S JOHNSON STRESSES PRICE STABILITY
+  Federal Reserve Board Vice Chairman
+  Manuel Johnson said that maintaining price stability was
+  critical to achieving non-inflationary economic growth in the
+  world and said that progress was being made.
+      "It is worth reiterating that the Federal Reserve's
+  promotion of price stability is critical to the successful
+  implementation of virtually all of the important ingredients
+  for growth," he told the Eastern Economic Association.
+      Johnson said initial progress has been made on a variety of
+  fronts. "Federal Reserve monetary policy, the
+  Gramm-Rudman-Hollings legislation, the G-6 agreement, and the
+  Baker debt initiative for example all have moved us in the
+  right direction," he said. G-6 is comprised of U.S., Britain,
+  France, Japan, West Germany and Canada.
+      On the budget deficit, Johnson said meeting precise
+  numerical goals was less important than a continuing commitment
+  toward slowing the growth of federal spending.
+      There was evidence deficits as a pct of Gross National
+  Product were declining and would continue to drop, he said.
+      But Johnson warned against reliance on inflow of foreign
+  capital to finance investment and the budget deficit and keep
+  interest rates stable.
+      "This situation, however, cannot continue indefinitely.
+  Sooner or later progress must be made in controlling excessive
+  federal spending," he said.
+      A disinflationary monetary policy should continue to be the
+  main objective of the Fed, Johnson said.
+      He also said a more stable and sustainable alignment of
+  exchange rates was needed for long-term growth.
+      On the trade deficit, Johnson warned against "quick fix"
+  solutions, which he identified as excessive dollar depreciation
+  or protectionist trade legislation.
+      "What is important is that we attempt to maintain healthy
+  returns to capital and adopt policies encouraging genuine
+  economic growth," he said.
+      Such an approach would finance the trade deficit but allow
+  for its gradual resolution over time.
+  
+
diff --git a/reuters/training/2279 b/reuters/training/2279
new file mode 100644
index 0000000000000000000000000000000000000000..f7cf028477ea06aa072ee358c5c6bed52d5ce628
--- /dev/null
+++ b/reuters/training/2279
@@ -0,0 +1,10 @@
+ANGLO AMERICAN GOLD INVESTMENT CO LTD <AAGIY>
+  Year to Feb 28
+      Shr 1,700.3 cts vs 1,533.0
+      Pre-tax 373.3 mln rand vs 341.0 mln
+      Net 373.3 mln vs 336.5 mln
+      Tax nil vs 4.5 mln
+      Final div 900 cts making 1,600 cts vs 1,450
+      Div payable April 24, register March 20
+  
+
diff --git a/reuters/training/228 b/reuters/training/228
new file mode 100644
index 0000000000000000000000000000000000000000..0e20efd833a9bc0235d92fcde003b839b171e709
--- /dev/null
+++ b/reuters/training/228
@@ -0,0 +1,14 @@
+THAI RICE EXPORTS RISE IN WEEK ENDED FEBRUARY 24
+  Thailand exported 84,960 tonnes of rice
+  in the week ended February 24, up from 80,498 the previous
+  week, the Commerce Ministry said.
+      It said government and private exporters shipped 27,510 and
+  57,450 tonnes respectively.
+      Private exporters concluded advance weekly sales for 79,448
+  tonnes against 79,014 the previous week.
+      Thailand exported 689,038 tonnes of rice between the
+  beginning of January and February 24, up from 556,874 tonnes
+  during the same period last year. It has commitments to export
+  another 658,999 tonnes this year.
+  
+
diff --git a/reuters/training/2281 b/reuters/training/2281
new file mode 100644
index 0000000000000000000000000000000000000000..016c8b4a015f8a742947c50f9ff2d312ffd72910
--- /dev/null
+++ b/reuters/training/2281
@@ -0,0 +1,13 @@
+HARRIS CUTS TRIAD SYSTEMS <TRSC> STAKE TO 18 PCT
+  Harris Associates L.P., a Chicago
+  investment advisory partnership, said it lowered its stake in
+  Triad Systems Corp to 1,355,296 shares, or 17.9 pct of the
+  total outstanding, from 1,463,962 shares, or 19.3 pct.
+      In a filing with the Securities and Exchange Commission,
+  Harris said it sold a net 108,666 Triad common shares between
+  Dec 16 and Feb 23 at prices ranging from 10.00 to 14.25 dlrs a
+  share.
+      It said its dealings in Triad common stock were done on
+  behalf of its advisory client.
+  
+
diff --git a/reuters/training/2286 b/reuters/training/2286
new file mode 100644
index 0000000000000000000000000000000000000000..da0d55e9678b8e099a435c6294ee7c71c9e30b09
--- /dev/null
+++ b/reuters/training/2286
@@ -0,0 +1,22 @@
+U.S. TREASURY SAYS NO COMMENT ON YEN VALUE
+  A Treasury Department spokesman
+  refused comment on statements by Robert Ortner, undersecretary
+  of economic affairs for the Commerce Department, that the
+  Japanese yen was undervalued.
+      Ortner, senior economist at the Commerce Department, told
+  an Export-Import Bank conference "the yen is still a little bit
+  undervalued," and "could go up another 10 or 15 pct."
+      Asked for reaction, a Treasury spokesman said officials
+  were aware of Ortner's comments but had no intention of making
+  any comment on them.
+      Ortner, who stressed he was expressing personal views, said
+  he thought the U.S. dollar was "fairly priced"
+  against most European currencies and added "I do not regard the
+  dollar as undervalued at this point against the yen," he said.
+      But the yen should go up 10 or 15 pct in value, Ortner
+  said, because it is undervalued against the dollar.
+      The United States and major trade allies West Germany,
+  France, Britain, Japan and Canada met recently in Paris to
+  discuss maintaining stability in international currency values.
+  
+
diff --git a/reuters/training/229 b/reuters/training/229
new file mode 100644
index 0000000000000000000000000000000000000000..c01b3b9781d800af66a0f45d329d5dccac95f97d
--- /dev/null
+++ b/reuters/training/229
@@ -0,0 +1,24 @@
+TOKYO GRAIN EXCHANGE TO RAISE MARGIN REQUIREMENTS
+  The Tokyo Grain Exchange said it will raise
+  the margin requirement on the spot and nearby month for U.S.
+  And Chinese soybeans and red beans, effective March 2.
+      Spot April U.S. Soybean contracts will increase to 90,000
+  yen per 15 tonne lot from 70,000 now. Other months will stay
+  unchanged at 70,000, except the new distant February
+  requirement, which will be set at 70,000 from March 2.
+      Chinese spot March will be set at 110,000 yen per 15 tonne
+  lot from 90,000. The exchange said it raised spot March
+  requirement to 130,000 yen on contracts outstanding at March
+  13. Chinese nearby April rises to 90,000 yen from 70,000.
+      Other months will remain unchanged at 70,000 yen except new
+  distant August, which will be set at 70,000 from March 2.
+      The new margin for red bean spot March rises to 150,000 yen
+  per 2.4 tonne lot from 120,000 and to 190,000 for outstanding
+  contracts as of March 13.
+      The nearby April requirement for red beans will rise to
+  100,000 yen from 60,000, effective March 2.
+      The margin money for other red bean months will remain
+  unchanged at 60,000 yen, except new distant August, for which
+  the requirement will also be set at 60,000 from March 2.
+  
+
diff --git a/reuters/training/2290 b/reuters/training/2290
new file mode 100644
index 0000000000000000000000000000000000000000..37966128857c27ed687ff709b108af2e715093ce
--- /dev/null
+++ b/reuters/training/2290
@@ -0,0 +1,3 @@
+ 5-MAR-1987 13:15:11.82
+   5-MAR-1987 13:15:11.82
+
diff --git a/reuters/training/2291 b/reuters/training/2291
new file mode 100644
index 0000000000000000000000000000000000000000..7cfb0e645795a48d06ee8bea9643c5da587cbc61
--- /dev/null
+++ b/reuters/training/2291
@@ -0,0 +1,12 @@
+IDEA INC <IDEA> TO BUY PRIVATE FIRM
+  IDEA Inc said it signed a
+  letter of intent to buy privately-held Structural
+  Instrumentation Inc.
+      The purchase, for an undisclosed sum, will be made mostly
+  with IDEA common stock, the company said.
+      IDEA said the purchase will add about 32 cts per share to
+  its fiscal 1988 earnings.
+      IDEA reported earnings of four cts per share for the
+  quarter ended October 31, 1986.
+  
+
diff --git a/reuters/training/2297 b/reuters/training/2297
new file mode 100644
index 0000000000000000000000000000000000000000..72200815d38488a6c07a731b727631c9b970b6e8
--- /dev/null
+++ b/reuters/training/2297
@@ -0,0 +1,9 @@
+DUCOMMUN INC <DCO> SELLS DIVISION
+  Ducommun Inc said it sold its
+  Airdrome Parts Co division to a group of investors headed by
+  Airdrome's management for a cash price of 12 mln dlrs.
+      Ducommun said the sale, coupled with its sale last month of
+  Metermaster, were steps taken to improve the company's balance
+  sheet and that no further sales are being contemplated.
+  
+
diff --git a/reuters/training/2298 b/reuters/training/2298
new file mode 100644
index 0000000000000000000000000000000000000000..89b09f4192f2d1f102ed901a791e0627900b9432
--- /dev/null
+++ b/reuters/training/2298
@@ -0,0 +1,12 @@
+HOOPER HOLMES SHERLOCK INC <HOOP> 4TH QTR NET
+  Shr 22 cts vs 25 cts
+      Net 472,000 vs 454,000
+      Revs 16.2 mln vs 15.2 mln
+      Avg shrs 2,135,315 vs 1,835,325
+      12 mths
+      Shr 71 cts vs 70 cts
+      Net 1,393,000 vs 1,285,000
+      Rwevs 61,805,000 vs 55,367,000
+      Avg shares 1,960,319 vs 1,835,325
+  
+
diff --git a/reuters/training/23 b/reuters/training/23
new file mode 100644
index 0000000000000000000000000000000000000000..6c429090635000a19cdf76bad4cc889f17f1da02
--- /dev/null
+++ b/reuters/training/23
@@ -0,0 +1,24 @@
+BROWN-FORMAN <BFDB> SETS STOCK SPLIT, UPS PAYOUT
+  Brown-Forman Inc said its board
+  has approved a three-for-two stock split and a 35 pct increase
+  in the company cash dividend.
+      The company cited its improved earnings outlook and
+  continued strong cash flow as reasons for raising the dividend.
+      Brown-Forman said the split of its Class A and Class B
+  common shares would be effective March 13.
+      The company said directors declared a quarterly cash
+  dividend on each new share of both classes of 28 cts, payable
+  April one to holders of record March 20. Prior to the split,
+  the company had paid 31 cts quarterly.
+      Brown-Forman today reported a 37 pct increase in third 
+  quarter profits to 21.6 mln dlrs, or 1.00 dlr a share, on a
+  seven pct increase in sales to a record 337 mln dlrs.
+      Brown-Forman said nine month profits declined a bit to 66.0
+  mln dlrs, or 3.07 dlrs a share, from 66.2 mln dlrs, or 3.08
+  dlrs a share, a year earlier due to a second quarter charge of
+  37 cts a share for restructuring its beverage operations.
+      The company said lower corporate tax rates and the
+  restructuring "are expected to substantially improve
+  Brown-Forman's earnings and cash flow in fiscal 1988."
+  
+
diff --git a/reuters/training/2301 b/reuters/training/2301
new file mode 100644
index 0000000000000000000000000000000000000000..31d8fad50b4e533238807d47943f0e97dde5a952
--- /dev/null
+++ b/reuters/training/2301
@@ -0,0 +1,10 @@
+TEXON ENERGY <TXON> IN TALKS ON ACQUISITION
+  Texon Energy Corp said it has entered
+  into a preliminary agreement to purchase an 80 pct interest in
+  a privately-held specialty plastics manufacturing company it
+  did not name.
+      Texon said completion of the acquisition is subject to the
+  consent of banks and third parties and the acquisition would be
+  made for promissory notes and common stock.
+  
+
diff --git a/reuters/training/2303 b/reuters/training/2303
new file mode 100644
index 0000000000000000000000000000000000000000..92af16c532f5f2be4ba898e5fa6461be2c9ae4b0
--- /dev/null
+++ b/reuters/training/2303
@@ -0,0 +1,22 @@
+ALLIED <ALD> AFFILIATE RESTATES LOSS LARGER
+  Allied-Signal Inc's 49.7 pct owned
+  <Union Texas Petroleum Co> affiliate said it has restated its
+  fourth quarter and full-year losses and revenues to increase
+  the provision for the proposed settlement of a price dispute
+  involving Indonesian liquefied natural gas.
+      It said the restated increases the provision against 1986
+  fourth quarter earnings to 23.5 mln dlrs from 15.5 mln dlrs
+  estimated earlier.
+      Union Texas said its fourth quarter loss was increased to
+  29.5 mln dlrs from 21.5 mln dlrs reported previously and
+  revenues reduiced to 214 mln dlrs from 228 mln dlrs.
+      Union Texas said for the full year it restated its loss to
+  57.5 mln dlrs from 49.5 mln dlrs and revenues to 1.26 billion
+  dlrs from 1.27 billion dlrs.
+      the restatement results from a tentative agreement reached
+  in February with Pertamina, the Indonesian state-owned
+  petroleum enterprise, and Japanese purchasers of LNG.
+      Kohlberg Kravis Roberts and Co also owns 49.7 pct of Union
+  Texas and the remainder is owned by management.
+  
+
diff --git a/reuters/training/2304 b/reuters/training/2304
new file mode 100644
index 0000000000000000000000000000000000000000..1882a9b592e0a73883c75b7d9ec4769344f65729
--- /dev/null
+++ b/reuters/training/2304
@@ -0,0 +1,12 @@
+AMREP CORP <AXR> 3RD QTR JAN 31 NET
+  Shr 12 cts vs 34 cts
+      Net 787,000 vs 2,250,000
+      Revs 23.6 mln vs 23.6 mln
+      Nine mths
+      Shr 70 cts vs 1.06 dlrs
+      Net 4,598,000 vs 6,974,000
+      Revs 73.1 mln vs 73.6 mln
+      NOTE: Share adjusted for three-for-two stock split in
+  December 1986.
+  
+
diff --git a/reuters/training/2307 b/reuters/training/2307
new file mode 100644
index 0000000000000000000000000000000000000000..40af5a822f5b76d6ab05de061033d479ff1f3635
--- /dev/null
+++ b/reuters/training/2307
@@ -0,0 +1,33 @@
+ICI <ICI> SEES GROWTH IN PHARMACEUTICALS
+  Imperial Chemical Industries PLC
+  expects earnings from its pharmaceuticals operations to grow  
+  to about 35 pct of world profits within the next five years
+  compared with a current 30 pct, chairman elect Denys Henderson
+  told financial analysts.
+      "Over the next five years we expect to launch one major new
+  product each year," Henderson said.
+      He also said research and development spending in this
+  business segment will be increased to 14 pct of total sales
+  income in 1987 from 13 pct, or 130 mln sterling, in 1986.
+      ICI, the world's fifth largest chemicals firm in terms of
+  sales, recently reported 1986 profits of about 888 mln dlrs on
+  15 billion dlrs in sales, compared with income of 817 mln dlrs
+  on 15.87 billion dlrs in sales a year earlier.
+      Sales in the United States totaled about three billion
+  dlrs, ICI executives said.
+      In addition, Henderson said overall corporate growth will
+  come from ICI's research and development activities, but the
+  company intends to continue to grow through an acquisition
+  program.
+      ICI spent just under one billion dlrs for acquisitions
+  during 1986, the largest of which was the 580 mln dlr purchase
+  of Cleveland, Ohio-based Glidden Inc, a paints, resins and
+  coatings company, from <Hanson Trust PLC>.
+      ICI financial director Alan Clements said the company's
+  borrowing limits are at a level of about 6.3 billion sterling,
+  1.5 billion of which have already been used.
+      While the company has no current plans for a major
+  acquisition, "we are ready to move quickly in the acquisition
+  field if the need arises," Clements said.
+  
+
diff --git a/reuters/training/2308 b/reuters/training/2308
new file mode 100644
index 0000000000000000000000000000000000000000..e289f98819c8a69a4a40af4cf813d4d7d2197520
--- /dev/null
+++ b/reuters/training/2308
@@ -0,0 +1,9 @@
+SAFECARD SERVICES <SFCD> SETS SPLIT, UPS PAYOUT
+  SafeCard Services Inc said
+  its board declared a three-for-two stock split and is
+  maintaining the quarterly dividend on post-split shares at the
+  same six cts it now pays for an effective 50 pct increase.
+      Both the split and the dividend are payable April 30 to
+  holders of record March 31.
+  
+
diff --git a/reuters/training/2309 b/reuters/training/2309
new file mode 100644
index 0000000000000000000000000000000000000000..dbbb0985fc6c1aef486cb7231e76ca403590b104
--- /dev/null
+++ b/reuters/training/2309
@@ -0,0 +1,12 @@
+WILTON ENTERPRISES INC <WLTN> 2ND QTR JAN 31 NET
+  Oper shr profit two cts vs loss 31 cts
+      Oper net 72,000 vs loss 1,130,000
+      Sales 7,896,000 vs 9,333,000
+      1st half
+      Oper shr profit 32 cts vs profit eight cts
+      Oper net profit 1,187,000 vs profit 299,000
+      Sales 21.3 mln vs 26.0 mln
+      NOTE: Current year net excludes tax credits of 54,000 dlrs
+  in quarter and 945,000 dlrs in year.
+  
+
diff --git a/reuters/training/2310 b/reuters/training/2310
new file mode 100644
index 0000000000000000000000000000000000000000..98ed4bafcfdeb96b869ae9dfd45e661340c256ff
--- /dev/null
+++ b/reuters/training/2310
@@ -0,0 +1,25 @@
+ROTTERDAM PORT SUBSIDY TO END JULY 1 - MINISTER
+  Dutch Social Affairs Minister Louw de
+  Graaf announced he is withdrawing the annual 10 mln guilder
+  labour subsidy for Rotterdam's strike-hit general cargo sector
+  as from July 1.
+      Late last month de Graaf said that if the dispute was not
+  settled by Monday this week he would withdraw the subsidy.
+      The chairman of the port employers' organization, SVZ,
+  Jacques Schoufour, said he was unhappy with the decision and
+  added there was now no alternative to proceeding with
+  redundancy plans.
+      The series of strikes in the sector started on January 19
+  in protest at employers' plans to make 800 redundancies from
+  the 4,000-strong workforce by 1990 starting with 350 this year.
+      Meanwhile, the port and transport union, FNV, attacked loss
+  figures given for the port for this year.
+      The figures, issued by accountants on behalf of the SVZ,
+  put total losses for last year at 34 mln guilders and in 1985
+  at 37 mln. Earlier, the employers had put the figure at around
+  30 mln.
+      The FNV said the actual losses were nearer 17 to 20 mln and
+  said the employers had inflated the figures as part of their
+  plan to restructure completely the port's general cargo sector.
+  
+
diff --git a/reuters/training/2312 b/reuters/training/2312
new file mode 100644
index 0000000000000000000000000000000000000000..89b53c7331ae3fe0c5855c4845b5923de1be138e
--- /dev/null
+++ b/reuters/training/2312
@@ -0,0 +1,15 @@
+S.A.Y.<SAYI> TO TAKE 3RD QTR LOSS FROM SALE
+  S.A.Y. Industries Inc said it
+  expects a loss of about two mln dlrs in its third quarter ended
+  February 28 from the proposed sale of its Omnilab Inc health
+  care unit.
+      S.A.Y said its board of directors approved the unit's sale
+  because Omnilab was losing about 140,000 dlrs a quarter.
+      "We no longer see a near-term prospect for a reasonable
+  return on our investment," Romilly Humphries, S.A.Y. president
+  and chief executive officer said.
+      S.A.Y. said proceeds from the sale would be used to
+  increase the company's market share in automotive products
+  packaging and diversify its packaging capabilities.
+  
+
diff --git a/reuters/training/2316 b/reuters/training/2316
new file mode 100644
index 0000000000000000000000000000000000000000..2f0731396987dd90544a7bf9287195839fad4891
--- /dev/null
+++ b/reuters/training/2316
@@ -0,0 +1,13 @@
+SONESTA INTERNATIONAL HOTELS CORP <SNST> 4TH QTR
+  Shr profit 26 cts vs loss 86 cts
+      Oper net profit 780,000 vs loss 2,609,000
+      Revs 12.2 mln vs 17.1 mln
+      Year
+      Oper shr profit 5.28 dlrs vs loss 1.11 dlrs
+      Oper net profit 16.1 mln vs loss 3,311,000
+      Revs 64.9 mln vs 69.8 mln
+      NOTE: 1986 year net excludes 598,000 dlr tax credit.
+      1986 net includes pretax gains on sale of property of
+  2,330,000 dlrs in quarter and 24.5 mln dlrs in year.
+  
+
diff --git a/reuters/training/232 b/reuters/training/232
new file mode 100644
index 0000000000000000000000000000000000000000..ef59982a9a527c4cb31509979b4d0b0787e23815
--- /dev/null
+++ b/reuters/training/232
@@ -0,0 +1,54 @@
+PRODUCER SPLIT HEATS UP COFFEE QUOTA TALKS
+  Talks on the possibility of reintroducing
+  global coffee export quotas have been extended into today, with
+  sparks flying yesterday when a dissident group of exporters was
+  not included in a key negotiating forum.
+      The special meeting of the International Coffee
+  Organization (ICO) council was called to find a way to stop a
+  prolonged slide in coffee prices.
+      However, delegates said no solution to the question of how
+  to implement quotas was yet in sight.
+      World coffee export quotas -- the major device used to
+  regulate coffee prices under the International Coffee Agreement
+  -- were suspended a year ago when prices soared in reaction to
+  a drought which cut Brazil"s output by nearly two thirds.
+      Brazil is the world"s largest coffee producer and exporter.
+      Producers and consumers now are facing off over the
+  question of how quotas should be calculated under any future
+  quota distribution scheme, delegates said.
+      Tempers flared late Saturday when a minority group of eight
+  producing countries was not represented in a contact group of
+  five producer and five consumer delegates plus alternates which
+  was set up to facilitate debate.
+      The big producers "want to have the ball only in their court
+  and it isn"t fair," minority producer spokesman Luis Escalante of
+  Costa Rica said.
+      The majority producer group has proposed resuming quotas
+  April 1, using the previous ad hoc method of carving up quota
+  shares, with a promise to try to negotiate basic quotas before
+  September 30, delegates said.
+      Their plan would perpetuate the status quo, allowing Brazil
+  to retain almost all of its current 30 pct share of the export
+  market, Colombia 17 pct, Ivory Coast seven pct and Indonesia
+  six pct, with the rest divided among smaller exporters.
+      But consuming countries and the dissident producer group
+  have tabled separate proposals requiring quotas be determined
+  by availability, using a formula incorporating exportable
+  production and stocks statistics.
+      Their proposals would give Brazil a smaller quota share and
+  Colombia and Indonesia a larger share, and bring a new quota
+  distribution scheme into effect now rather than later.
+      Brazil has so far been unwilling to accept any proposal
+  that would reduce its quota share, delegates said.
+      Delegates would not speculate on prospects for agreement on
+  a quota package. "Anything is possible at this phase," even
+  adjournment of the meeting until March or April, one said.
+      If the ICO does agree on quotas, the price of coffee on the
+  supermarket shelf is not likely to change sinnificantly as a
+  result, industry sources said.
+      Retail coffee prices over the past year have remained about
+  steady even though coffee market prices have tumbled, so an
+  upswing probably will not be passed onto the consumer either,
+  they said.
+  
+
diff --git a/reuters/training/2320 b/reuters/training/2320
new file mode 100644
index 0000000000000000000000000000000000000000..49449c7a5422ccc4abb1d416c53e94ac3e38de8c
--- /dev/null
+++ b/reuters/training/2320
@@ -0,0 +1,6 @@
+<DOMCO INDUSTRIES LTD> 1ST QTR JAN 31 NET
+  Shr four cts vs 12 cts
+      Net 248,000 vs 647,000
+      Revs 23.7 mln vs 21.9 mln
+  
+
diff --git a/reuters/training/2322 b/reuters/training/2322
new file mode 100644
index 0000000000000000000000000000000000000000..79793bc015b343b1d52ea08539e3ff33c51c7758
--- /dev/null
+++ b/reuters/training/2322
@@ -0,0 +1,8 @@
+UNICORP AMERICAN <UAC> ACQUISITION ADVANCES
+  Unicorp American Corp said it has
+  signed a definitive agreement for the previously-announced
+  acquisition of Lincoln Savings Bank.
+      The company said the transaction is still subject to
+  regulatory approvals.
+  
+
diff --git a/reuters/training/2323 b/reuters/training/2323
new file mode 100644
index 0000000000000000000000000000000000000000..fdc3d011b2d4a3f01cc2922ca0a464914998208b
--- /dev/null
+++ b/reuters/training/2323
@@ -0,0 +1,7 @@
+FIRST EASTERN CORP <FEBC> COMPLETES ACQUISITION
+  First Eastern Corp said it has
+  completed the acquisition of Peoples Bank of Nanticoke, Pa., in
+  an exchange of 11 First Eastern shares for each Peoples share.
+      Peoples has assets of about 24 mln dlrs.
+  
+
diff --git a/reuters/training/2325 b/reuters/training/2325
new file mode 100644
index 0000000000000000000000000000000000000000..f191401f76bb4f13fa5bd508a52758ed5904706f
--- /dev/null
+++ b/reuters/training/2325
@@ -0,0 +1,9 @@
+BISHOP GRAPHICS <BGPH> COMPLETES STORE SALE
+  Bishop Graphics Inc
+  said it completed the sale of its Newport Beach Art Supply
+  Center to Standard Brands Paint Co's <SBP> Art Store unit.
+      Terms were not disclosed.
+      Bishop also said it has opened a new sales and service
+  office in Irvine, Calif.
+  
+
diff --git a/reuters/training/2326 b/reuters/training/2326
new file mode 100644
index 0000000000000000000000000000000000000000..dae193db5085e5d12d08eb048550f3f5489205f0
--- /dev/null
+++ b/reuters/training/2326
@@ -0,0 +1,36 @@
+STRIKING BRAZILIAN SEAMEN HOLD PAY TALKS
+  Striking Brazilian seamen, who say
+  they have made idle 158 ships and halted Brazilian exports,
+  today held pay talks in Rio de Janeiro with Labour Minister
+  Almir Pazzianotto, union officials said.
+      Jorge Luis Leao Franco, a senior official of the National
+  Merchant Marine Union, told Reuters he was optimistic the talks
+  would lead to an end of the stoppage, which began last Friday.
+      Brazil's 40,000 seamen are seeking a pay rise of 275 pct.
+      The union official said the strike had halted a total of
+  158 vessels, including 50 in Brazil's main port, Santos, and
+  about 50 more in Rio de Janeiro.
+      Abroad, six ships lay idle, in the Netherlands, Spain,
+  Venezuela, France and South Africa, he said.
+      Economic analysts said the strike was of serious concern to
+  the government, which has already had to suspend interest
+  payments on part of Brazil's foreign debt following a drastic
+  deterioration in the country's trade balance.
+      The head of the National Merchant Marine Authority, Murilo
+  Rubens Habbema, was quoted in today's Gazeta Mercantil
+  newspaper as saying that if the strike continued foreign ships
+  could be authorized to transport Brazilian exports.
+      "Brazil is living through a crisis at the moment, and it is
+  not conceivable that exports be hit," he said.
+      "But even using foreign ships we must not forget that we are
+  going to lose foreign exchange paying freight charges abroad,
+  and all this through the fault of the seamen," Rubens Habbema
+  said.
+      A spokesman for the port of Santos, which has been the
+  scene of labour unrest and congestion in recent months, said
+  movement of ships out of the port was running at about half its
+  normal level of 12 ships a day.
+      He said a total of 76 ships were either waiting at anchor
+  on moored in the harbour.
+  
+
diff --git a/reuters/training/2327 b/reuters/training/2327
new file mode 100644
index 0000000000000000000000000000000000000000..566c35014ac198c475b88a2e38208d2244fa8c73
--- /dev/null
+++ b/reuters/training/2327
@@ -0,0 +1,5 @@
+FED'S JOHNSON SAYS DOLLAR IS VERY CLOSE TO APPROPRIATE EXCHANGE RATE LEVEL 
+
+  FED'S JOHNSON SAYS DOLLAR IS VERY CLOSE TO APPROPRIATE EXCHANGE RATE LEVEL 
+  
+
diff --git a/reuters/training/233 b/reuters/training/233
new file mode 100644
index 0000000000000000000000000000000000000000..a5c15112fb6435063a05727ee8bd239992705708
--- /dev/null
+++ b/reuters/training/233
@@ -0,0 +1,17 @@
+ITALIAN TREASURY CUTS INTEREST ON CERTIFICATES
+  The Italian treasury said annual coupon
+  rates payable March 1988 on two issues of long-term treasury
+  certificates (CCTs) would be cut by about four percentage
+  points compared with rates this March.
+      Coupon rates on 10-year certificates maturing March 1995
+  will fall to 9.80 pct from 13.65 pct and rates on 10-year
+  issues maturing in March 1996 would fall to 10.05 pct from
+  14.30 pct.
+      The Treasury also cut by 0.60 point six-monthly coupons
+  payable this September on six issues maturing between September
+  1988 and September 1991.
+      The issues carry terms of between five and seven years and
+  will have coupon rates of between 4.85 and 5.65 pct in
+  September compared with 5.45 and 6.25 pct this March.
+  
+
diff --git a/reuters/training/2332 b/reuters/training/2332
new file mode 100644
index 0000000000000000000000000000000000000000..f8a0bace2c7e0e6fb2755835736f79daaa388390
--- /dev/null
+++ b/reuters/training/2332
@@ -0,0 +1,6 @@
+BROWN GROUP INC <BG> VOTES REGULAR DIVIDEND
+  Qtly div 37-1/2 cts vs 37-1/2 cts prior qtr
+      Pay 1 April
+      Record 16 March
+  
+
diff --git a/reuters/training/2333 b/reuters/training/2333
new file mode 100644
index 0000000000000000000000000000000000000000..cf86ebb9dd374a34028c2ecc201a611fd75b8808
--- /dev/null
+++ b/reuters/training/2333
@@ -0,0 +1,9 @@
+BLOCKER ENERGY CORP <BLK> YEAR NET
+  Oper shr profit 11 cts vs loss 2.45 dlrs
+      Oper net profit 3,594,000 vs loss 81.9 mln
+      Revs 38.5 mln vs 48.2 mln
+      NOTE: 1986 net excludes 68.5 mln dlr gain from debt
+  extinguishment.
+      1985 net includes 72.0 mln dlr writedown of drilling rigs.
+  
+
diff --git a/reuters/training/2335 b/reuters/training/2335
new file mode 100644
index 0000000000000000000000000000000000000000..e0dfdb8d32b19f78c71fca9c5c03720835298b10
--- /dev/null
+++ b/reuters/training/2335
@@ -0,0 +1,14 @@
+LTX CORP <LTXX> 2ND QTR JAN 31 LOSS
+  Shr loss 28 cts vs loss 32 cts
+      Net loss 2,585,000 vs loss 2,885,000
+      Sales 27.6 mln vs 23.5 mln
+      Avg shrs 9,352,000 vs 9,049,000
+      1st half
+      Shr loss 63 cts vs loss 94 cts
+      Net loss 5,867,000 vs loss 8,405,000
+      Sales 51.9 mln vs 43.7 mln
+      Avg shrs 9,349,000 vs 8,966,000
+      NOTE: Prior year net includes tax credits of 1,827,000 dlrs
+  in quarter and 5,347,000 dlrs in half.
+  
+
diff --git a/reuters/training/2336 b/reuters/training/2336
new file mode 100644
index 0000000000000000000000000000000000000000..37f316923395358421abf4767dffb8daab56a11e
--- /dev/null
+++ b/reuters/training/2336
@@ -0,0 +1,5 @@
+YEUTTER SAYS U.S. BUDGET DEFICIT REDUCTION KEY TO TRADE DEFICIT SOLUTION
+
+  YEUTTER SAYS U.S. BUDGET DEFICIT REDUCTION KEY TO TRADE DEFICIT SOLUTION
+  
+
diff --git a/reuters/training/2337 b/reuters/training/2337
new file mode 100644
index 0000000000000000000000000000000000000000..3ea0ed768e5c38bdab5da45867e45b780065449b
--- /dev/null
+++ b/reuters/training/2337
@@ -0,0 +1,14 @@
+CALPROP CORP <CPP> 4TH QTR NET
+  Shr 40 cts vs 25 cts
+      Net 1,369,602 vs 628,193
+      Revs 12.5 mln vs 4,909,369
+      Avg shrs 3,460,217 vs 2,610,913
+      Year
+      Shr 97 cts vs 54 cts
+      Net 2,952,830 vs 1,414,369
+      Revs 37.0 mln vs 13.5 mln
+      Avg shr 3,031,494 vs 2,609,313
+      Note: Prior qtr and year per share figures restated for 10
+  pct stock dividend of December 1986.
+  
+
diff --git a/reuters/training/2338 b/reuters/training/2338
new file mode 100644
index 0000000000000000000000000000000000000000..125b11478cc8a607955d84e84c682c1cb188f2a9
--- /dev/null
+++ b/reuters/training/2338
@@ -0,0 +1,6 @@
+SIS CORP <SISB> YEAR NET
+  Shr one ct vs nil
+      Net 9,949,000 vs 3,799,000
+      Revs 15.5 mln vs 13.5 mln
+  
+
diff --git a/reuters/training/2339 b/reuters/training/2339
new file mode 100644
index 0000000000000000000000000000000000000000..2d154c1a3088c8e06f475d72d8df51e3f1233da3
--- /dev/null
+++ b/reuters/training/2339
@@ -0,0 +1,6 @@
+AMOSKEAG CO <AMOS> SETS QUARTERLY
+  Qtly div 30 cts vs 30 cts prior
+      Pay March 31
+      Record March Five
+  
+
diff --git a/reuters/training/2340 b/reuters/training/2340
new file mode 100644
index 0000000000000000000000000000000000000000..f42aee3844d491c3b9b1dc32a1ad618874a722e4
--- /dev/null
+++ b/reuters/training/2340
@@ -0,0 +1,6 @@
+MEDTRONIC INC <MDT> SETS QUARTERLY
+  Qtly div 22 cts vs 22 cts prior
+      Pay April 30
+      Record April 10 
+  
+
diff --git a/reuters/training/2342 b/reuters/training/2342
new file mode 100644
index 0000000000000000000000000000000000000000..6b67fe41042966165b65d6557281346bc01e89c9
--- /dev/null
+++ b/reuters/training/2342
@@ -0,0 +1,13 @@
+SCITEX CORP <SCIXF> 4TH QTR LOSS
+  Shr loss 46 cts vs loss 1.17 dlrs
+      Net loss 4,990,000 vs loss 12.8 mln
+      Revs 47.0 mln vs 42.3 mln
+      Year
+      Shr loss 3.08 dlrs vs loss 1.28 dlrs
+      Net loss 33.7 mln vs loss 13.3 mln
+      Revs 132.8 mln vs 132.5 mln
+      Avg shrs 10.9 mln vs 10.4 mln
+      NOTE: Includes losses of 501,000 vs 83,000 in qtr and 2.2
+  mln vs 83,000 in year from equity of 50 pct-owned companies.
+  
+
diff --git a/reuters/training/2344 b/reuters/training/2344
new file mode 100644
index 0000000000000000000000000000000000000000..2cea9912d3e2c41150fab7ab57c0d989de5aac4b
--- /dev/null
+++ b/reuters/training/2344
@@ -0,0 +1,10 @@
+STANLEY WORKS <SWK> MAKES ACQUISITIONS
+  Stanley Works said it has acquired Acme
+  Holding corp, a maker of sliding and folding door hardware, and
+  the designs, patents and other righs of Plan-A-Flex Designer
+  Co, which provides kits for home design and remodeling
+  projects.
+      It said Acme had 1986 sales of over 50 mln dlrs.
+      Terms were not disclosed.
+  
+
diff --git a/reuters/training/2346 b/reuters/training/2346
new file mode 100644
index 0000000000000000000000000000000000000000..05276ed621965cadd78a2d1fb365af9b119e983b
--- /dev/null
+++ b/reuters/training/2346
@@ -0,0 +1,6 @@
+ANITEC IMAGE TECHNOLOGY CORP <ANTC> SETS PAYOUT
+  Qtly div 7-1/2 cts vs 7-1/2 cts prior
+      Pay April 10
+      Record March 27 
+  
+
diff --git a/reuters/training/2347 b/reuters/training/2347
new file mode 100644
index 0000000000000000000000000000000000000000..0d284a431ba808f3ae7a868c6bcf2790a7d60f91
--- /dev/null
+++ b/reuters/training/2347
@@ -0,0 +1,6 @@
+GREEN MOUNTAIN POWER CORP <GMP> SETS QUARTERLY
+  Qtly div 45 cts vs 45 cts prior
+      Pay March 31
+      Record March 20 
+  
+
diff --git a/reuters/training/2348 b/reuters/training/2348
new file mode 100644
index 0000000000000000000000000000000000000000..6ede74f191971a93fe1242d8d2c95a5afe07eee2
--- /dev/null
+++ b/reuters/training/2348
@@ -0,0 +1,6 @@
+DUAL-LITE INC <MDT> SETS QUARTERLY
+  Qtly div eight cts vs eight cts prior
+      Pay May 11
+      Record April 24 
+  
+
diff --git a/reuters/training/235 b/reuters/training/235
new file mode 100644
index 0000000000000000000000000000000000000000..40bd9e7fc5c45c189028a469ee43c02507950eb2
--- /dev/null
+++ b/reuters/training/235
@@ -0,0 +1,58 @@
+INDONESIAN AGRICULTURE GROWTH EXPECTED TO SLOW
+  Indonesia"s agriculture sector will grow
+  by just 1.0 pct in calendar 1987, against an estimated 2.4 pct
+  in 1986 as the production of some commodities stagnates or
+  declines, the U.S. Embassy said in a report.
+      Production of Indonesia"s staple food, rice, is forecast to
+  fall to around 26.3 mln tonnes from an embassy estimate of
+  26.58 mln tonnes in 1986, according to the annual report on
+  Indonesia"s agricultural performance.
+      The government officially estimates 1986 rice production at
+  26.7 mln tonnes, with a forecast 27.3 mln tonnes output in
+  1987.
+      The report says wheat imports are likely to fall to 1.5 mln
+  tonnes in calendar 1987 from 1.69 mln tonnes in 1986 because of
+  a drawdown on stocks.
+      "Growth prospects for agriculture in 1987 do not look
+  promising as rice production is forecast to decline and the
+  production of sugarcane, rubber and copra show little or no
+  gain," the report says.
+      "The modest overall increase which is expected will be due
+  to significant gains in production of corn soybeans, palm oil
+  and palm kernels."
+      Constraints to significant overall increases in
+  agricultural output include a shortage of disease resistant
+  seeds, limited fertile land, insect pests and a reluctance by
+  farmers to shift from rice production to other crops, the
+  report underlines.
+      The fall in rice production is caused by an outbreak of
+  pests known as "wereng" or brown plant hoppers in 1986 which
+  largely offset gains in yields.
+      The outbreak has forced the government to ban the use of 57
+  insecticides on rice because it was believed the wereng are now
+  resistant to these varieties, and to use lower-yielding, more
+  resistant rice types.
+      The government is depending on increased production of
+  export commodities such as coffee, tea, rubber, plywood and
+  palm oil to offset revenue losses brought on by falling crude
+  oil prices.
+      Palm oil production is expected to increase by over 7.0 pct
+  in 1987 to 1.45 mln tonnes from 1.35 mln, with exports rising
+  to an estimated 720,000 tonnes from 695,000 tonnes in 1986, the
+  report says.
+      But while production of soybeans in 1987/88 (Oct-Sept) will
+  rise to 1.075 mln tonnes from 980,000 in 1986/87, imports will
+  also rise to supply a new soybean crushing plant.
+      The report says that imports of wheat, soybeans, soybean
+  meal and cotton are not likely to decline as a result of last
+  September"s 31 pct devaluation of the rupiah because of a rise
+  in domestic demand.
+      The report said that Indonesia"s overall economic
+  performance in calendar 1986 was about zero or even a slight
+  negative growth rate, the lowest rate of growth since the
+  mid-1960s. It compares with 1.9 pct growth in 1985 and 6.7 pct
+  in 1984.
+      The dramatic fall in oil prices last year was responsible
+  for the slump.
+  
+
diff --git a/reuters/training/2350 b/reuters/training/2350
new file mode 100644
index 0000000000000000000000000000000000000000..c85d8a05f6584454748203cc2236df7c0d9e564c
--- /dev/null
+++ b/reuters/training/2350
@@ -0,0 +1,16 @@
+SCIENCE MANAGEMENT CORP <SMG> 4TH QTR OPER NET
+  Oper shr profit 14 cts vs loss 31 cts
+      Oper net profit 374,000 vs loss 707,000
+      Revs 19.1 mln vs 15.5 mln
+      Avg shrs 2,610,000 vs 2,560,000
+      Year
+      Oper shr profit 20 cts vs loss 69 cts
+      Oper net profit 530,000 vs loss 1,376,000
+      Revs 69.1 mln vs 64.3 mln
+      Avg shrs 2,603,000 vs 2,565,000
+      NOTE: Excludes gain of 309,000 dlrs vs loss 72,000 dlrs in
+  qtr and gains of 458,000 dlrs vs 23,000 dlrs in year from tax
+  loss carryforwards. Includes gains of 76,000 dlrs and 378,000
+  dlrs in 1985 qtr and year, respectively.
+  
+
diff --git a/reuters/training/2352 b/reuters/training/2352
new file mode 100644
index 0000000000000000000000000000000000000000..c2c4ecd37d7d9dfa442ca76a6069bd2a4f14f9f4
--- /dev/null
+++ b/reuters/training/2352
@@ -0,0 +1,57 @@
+YEUTTER SAYS BUDGET CUT KEY TO BETTER U.S. TRADE
+  A reduction of the U.S. federal budget
+  deficit will be needed to help eliminate the nation's huge
+  trade deficit, U.S. trade representative Clayton Yeutter said.
+      Speaking to the New York Chamber of Commerce and Industry,
+  Yeutter said "Capital and trade flows are clearly
+  inter-releated now.
+      "Unless we get the budget deficit down, we will not get the
+  trade deficit down."
+      He did not elaborate on his views of the linkages between
+  the two deficits.
+      Private analysts have said that the financing of large U.S.
+  budget deficits requires heavy capital inflows from overseas
+  investors through purchases of U.S. Treasury and, to a lesser
+  extent, other U.S. securities as well.
+      "We'll make some progress in reducing the 170 billion dlr
+  trade deficit in 1987, but there's still a long way to go,"
+  Yeutter said.
+      He said the problem must be approached on many fronts and
+  focus most strongly on U.S. and overseas fiscal and monetary
+  policies to foster economic growth, U.S. competitiveness and
+  the establishment of a "level playing field" for trade.
+      The U.S. trade representative said the Federal Reserve
+  under Chairman Paul Volcker has done its part to improve the
+  trade situation by getting interest rates down.
+      On the fiscal side, Yeutter said "the budget deficit is
+  still our biggest problem" and there has not been enough
+  progress toward reducing that deficit.
+      In the international area, he said that "our major trading
+  partners could still do more to stimulate domestic growth."
+  Commenting on Japan, which is running around a 80 billion dlr
+  trade surplus with the United States, Yeutter said "Japan is
+  just not doing the job on the import side."
+      Yeutter declined to comment on statements relating to the
+  dollar made earlier today by Commerce Dept undersecretary of
+  Economic Affairs Robert Ortner.
+      In a Washington address to an Export-Import Bank sponsored
+  meeting, Ortner said he believed the dollar at current levels
+  was fairly priced against most European currencies, but that
+  the yen is 10 or 15 pct undervalued.
+      "The market will determine the dollar's proper value in the
+  end," Yeutter said. However, he added that, if the U.S. and
+  other nations do not take the necessary steps to cut the U.S.
+  trade deficit, "the dollar will be the equalizer."
+      Yeutter said there is no quick fix to the trade problem and
+  any resort to such tactics as protectionist trade legislation
+  or trade restrictions poses real dangers.
+      He said "there's relatively little that Congress can do to
+  legislate a solution to the trade problem."
+      Protectionist legislation will only provoke retaliation by
+  U.S. trading partners, Yeutter said.
+      "There is no doubt in my mind about the willingness of our
+  trading partners to retaliate against unfair trade
+  legislation," Yeutter said, adding that policy flexibility is
+  essential in solving international trade problems.
+  
+
diff --git a/reuters/training/2353 b/reuters/training/2353
new file mode 100644
index 0000000000000000000000000000000000000000..ce32df9c0e1f4ee6b8ad7dcc2bd7c023dabd634a
--- /dev/null
+++ b/reuters/training/2353
@@ -0,0 +1,11 @@
+CARMEL CONTAINER SYSTEMS LTD<KML> YEAR OPER NET
+  Oper shr 1.18 dlrs vs 58 cts
+      Oper net 2,266,000 vs 1,037,000
+      Revs 45.8 mln vs 41.4 mln
+      Avg shrs 1,924,000 vs 1,800,000
+      NOTE: Excludes gain of 73,000 dlrs vs 290,000 dlrs from
+  benefit of tax loss carryforward.
+      Results for Tel Aviv, Israel-based company translated at
+  rate of one dlr to 1.485 new Israeli shekels.
+  
+
diff --git a/reuters/training/2354 b/reuters/training/2354
new file mode 100644
index 0000000000000000000000000000000000000000..b10ee5b4cddd01967c28856a0b118c67da54476c
--- /dev/null
+++ b/reuters/training/2354
@@ -0,0 +1,69 @@
+NEW CURRENCY PROBLEM SEEN AMONG U.S, EUROPE, JAPAN
+  The highly visible drama involving the
+  yen's sharp rise against the U.S. Dollar is obscuring the fact
+  that the Japanese currency has hardly budged against major
+  European currencies, thus creating a new set of exchange rate
+  distortions, Japanese and European research officials said.
+      The officials, looking beneath the rhetoric of statements
+  by the Group of Five (G-5) industrial nations, told Reuters the
+  currency movements of the past two years are also creating a
+  fundamentally new world trade picture, which is throwing up new
+  trade tensions and imbalances.
+      Trade figures show that the new currency alignments are
+  already changing the Japan-U.S. Trade axis into a Japan-
+  European Community (EC) axis, to the discomfort of Europe.
+      In many ways, not least in terms of rare international
+  cooperation, the September, 1985 New York Plaza pact between
+  the U.S., Japan, West Germany, Britain and France to cut down
+  the value of the dollar was a historic one.
+      But it is the underlying peaks and troughs of the major
+  currency movements which lay bare the real picture, in which
+  the Plaza pact appears as an event of prime importance, but not
+  necessarily central significance, the officials said.
+      The officials said that when the Plaza agreement took
+  place, the dollar was already on its way down. The agreement
+  simply helped it on its way. Senior EC financial expert in
+  Tokyo Tomas de Hora has watched the movements closely.
+      "You have to look at the dollar's peak compared with now,
+  and that was well before Plaza," he said.
+      On February 25, 1985, the dollar peaked against the yen at
+  263.15 yen. On September 20, the Friday before Plaza, it was
+  242. Since then, despite massive Bank of Japan intervention and
+  periodic market frights about further G-5 concerted action, the
+  dollar trend has been down, down, down.
+      Yet the ECU is now around 173.4 yen. The historical cross
+  rates for sterling and the mark tell much the same story. The
+  European currencies are moving back up against the yen.
+      The close relationship between exchange rates and trade
+  flows makes it difficult to see which is driving which, but
+  undoubtedly the trade equation between the big three is
+  changing. In 1986, Japanese imports and exports with the EC
+  both grew by around 50 pct in dollar terms, five pct in yen.
+  This gave Japan a 16 billion dlr trade surplus.
+      Last January, Japanese exports to the EC totalled half of
+  of sales to the U.S, against about a third in recent years.
+      Trade with the U.S in 1986 rose 23 pct for exports and 12
+  pct for imports in dollar terms, but fell 13 pct for exports
+  and 21 pct for imports in yen terms.
+      "The basic meaning for Europe is that Japanese firms have a
+  tremendous interest in exporting to Europe, where every unit
+  sold maximises profits in yen terms, which is what is important
+  to them. Suddenly, instead of the U.S., It is Europe that is
+  laying the golden egg," said de Hora.
+      The EC is worried. EC business also had a remarkable year
+  in Japanese sales, but this can be explained partly due to its
+  start from a small base, compared with total Japan-U.S. Trade.
+      The Japanese think EC firms are now more competitive than
+  U.S. Firms, a factor which is aggravating the exchange rate
+  imbalance, and which will cause problems.
+      "This currency alignment between Japan and the EC is
+  reflecting the excellent performance of the EC countries. But
+  therefore, Japanese goods may keep their price competitive
+  edge," said Azusa Hayashi, Director of the First International
+  Economic Affairs Division of the Foreign Ministry. "If you want
+  my objective view, I don't expect a drastic improvement in our
+  trade imbalance. Last year, we asked for moderation in exports,
+  and this year we may have to do so again," he said.
+   REUTER...
+  
+
diff --git a/reuters/training/2357 b/reuters/training/2357
new file mode 100644
index 0000000000000000000000000000000000000000..ba286a9380bda40a8b73431289298a3f9013ea2a
--- /dev/null
+++ b/reuters/training/2357
@@ -0,0 +1,33 @@
+TANDEM COMPUTERS <TNDM> SEES HIGHER NET
+  Tandem Computers Inc said it expects
+  higher earnings and revenues in its second fiscal quarter
+  ending March 31 against a year ago.
+      "We feel we will continue to see higher growth in the
+  quarter," James Treybig, president and and chief executive
+  officer, told a meeting of securities analysts.
+      In the second fiscal quarter last year, Tandem earned
+  9,950,000 dlrs or 29 cts per share on revenues of 176.3 mln
+  dlrs.
+      Treybig declined to offer specific projections for the
+  quarter but he said the results might be lower than those for
+  the first quarter of fiscal 1987, when Tandem earned 27.1 mln
+  dlrs or 58 cts a share. He said Tandem's second quarter is
+  traditionally slower than the first.
+      L.F. Rothschild Unterberg Towbin analyst Frederic Cohen
+  estimated Tandem's second quarter net at 40 to 45 cts per
+  share. For the full year, he said he expects the computer maker
+  to earn about 2.40 dlrs a share. In fiscal 1986, Tandem earned
+  1.44 dlrs a share.
+      Treybig, who founded the Cupertino, Calif.-based company,
+  said he has seen a rebound in computer orders in the United
+  States. "The U.S. economy is picking up, and buying decisions
+  are being made. We didn't see that a year ago," he said.
+      The executive said Tandem will increase its research and
+  development spending to about 100 mln dlrs this year from 87
+  mln dlrs in fiscal 1986.
+      He said the company plans to introduce several products,
+  including two low-end systems and a data base that uses the SQL
+  programming language, an industry standard. Tandem also won a
+  major order from the <Bank of Tokyo>.
+  
+
diff --git a/reuters/training/2358 b/reuters/training/2358
new file mode 100644
index 0000000000000000000000000000000000000000..be70a2b0cebd712d96ef0a2254852455939d7ac4
--- /dev/null
+++ b/reuters/training/2358
@@ -0,0 +1,5 @@
+FED'S JOHNSON SAYS HE DOES NOT SEE INCREASING PRESSURE ON INTEREST RATES
+
+  FED'S JOHNSON SAYS HE DOES NOT SEE INCREASING PRESSURE ON INTEREST RATES
+  
+
diff --git a/reuters/training/2359 b/reuters/training/2359
new file mode 100644
index 0000000000000000000000000000000000000000..a56847aef5d93380a62b1c5639ab0f94524360e9
--- /dev/null
+++ b/reuters/training/2359
@@ -0,0 +1,37 @@
+AUSTRALIA ATTACKS U.S. GATT FARM RULES EXEMPTION
+  Australia accused the U.S. of increasing
+  protectionism on agricultural products and called for an end to
+  Washington's special 32-year exemption from certain GATT rules
+  on agricultural trade.
+      Robert Arnott, Australia's delegate to the General
+  Agreement on Tariffs and Trade (GATT), made the appeal at a
+  special annual meeting which reviews the 1955 U.S. waiver.
+      "Australia today said the United States' goals of reducing
+  U.S. barriers to agricultural trade were being contradicted by
+  actions which in fact increased protection in trade in
+  agriculture," the Australian delegation said in a statement.
+      "The United States section 22 waiver is one of the basic
+  flaws in the GATT coverage of agriculture," Arnott told the
+  meeting.
+      Arnott said the waiver had continually been used as a
+  justification for "dubious protective measures" by the U.S. He
+  listed a recent Dairy Export Incentive Program and steps to
+  close the U.S. sugar market to imports.
+      He also told Reuters the waiver allowed Washington to
+  impose quotas on imports of farm products where it had domestic
+  support programs. This covered imports of dairy products,
+  peanuts, cotton and sugar.
+      Asked to comment, Michael Samuels, U.S. ambassador to the
+  GATT, told Reuters: "These charges have been made since the very
+  beginning. The waiver is part of domestic U.S. agricultural
+  policy, part of our law when we joined the GATT".
+      "We have agreed to put the waiver on the table during the
+  Uruguay Round and invite other countries to do the same with
+  their programs. We can negotiate them all," Samuels added.
+      Ninety-two nations are taking part in the four-year Uruguay
+  round of talks launched in Punta del Este last September.
+  Bargaining in agricultural goods and services (banking,
+  tourism, insurance) is included for the first time as well as
+  manufactured goods.
+  
+
diff --git a/reuters/training/236 b/reuters/training/236
new file mode 100644
index 0000000000000000000000000000000000000000..8930394a4be9836c50f627b2b96d9fffad97d42f
--- /dev/null
+++ b/reuters/training/236
@@ -0,0 +1,54 @@
+KUWAIT SAYS NO PLANS FOR EMERGENCY OPEC TALKS
+  Kuwait"s Oil Minister, in remarks
+  published today, said there were no plans for an emergency OPEC
+  meeting to review oil policies after recent weakness in world
+  oil prices.
+      Sheikh Ali al-Khalifa al-Sabah was quoted by the local
+  daily al-Qabas as saying: "None of the OPEC members has asked
+  for such a meeting."
+      He denied Kuwait was pumping above its quota of 948,000
+  barrels of crude daily (bpd) set under self-imposed production
+  limits of the 13-nation organisation.
+      Traders and analysts in international oil markets estimate
+  OPEC is producing up to one mln bpd above a ceiling of 15.8 mln
+  bpd agreed in Geneva last December.
+      They named Kuwait and the United Arab Emirates, along with
+  the much smaller producer Ecuador, among those producing above
+  quota. Kuwait, they said, was pumping 1.2 mln bpd.
+      "This rumour is baseless. It is based on reports which said
+  Kuwait has the ability to exceed its share. They suppose that
+  because Kuwait has the ability, it will do so," the minister
+  said.
+      Sheikh Ali has said before that Kuwait had the ability to
+  produce up to 4.0 mln bpd.
+      "If we can sell more than our quota at official prices,
+  while some countries are suffering difficulties marketing their
+  share, it means we in Kuwait are unusually clever," he said.
+      He was referring apparently to the Gulf state of qatar,
+  which industry sources said was selling less than 180,000 bpd
+  of its 285,000 bpd quota, because buyers were resisting
+  official prices restored by OPEC last month pegged to a marker
+  of 18 dlrs per barrel.
+      Prices in New York last week dropped to their lowest levels
+  this year and almost three dollars below a three-month high of
+  19 dollars a barrel.
+      Sheikh Ali also delivered "a challenge to any international
+  oil company that declared Kuwait sold below official prices."
+      Because it was charging its official price, of 16.67 dlrs a
+  barrel, it had lost custom, he said but did not elaborate.
+      However, Kuwait had guaranteed markets for its oil because
+  of its local and international refining facilities and its own
+  distribution network abroad, he added.
+      He reaffirmed that the planned meeting March 7 of OPEC"s
+  differentials committee has been postponed until the start of
+  April at the request of certain of the body"s members.
+      Ecuador"s deputy energy minister Fernando Santos Alvite said
+  last Wednesday his debt-burdened country wanted OPEC to assign
+  a lower official price for its crude, and was to seek this at
+  talks this month of opec"s pricing committee.
+      Referring to pressure by oil companies on OPEC members, in
+  apparent reference to difficulties faced by Qatar, he said: "We
+  expected such pressure. It will continue through March and
+  April." But he expected the situation would later improve.
+  
+
diff --git a/reuters/training/2365 b/reuters/training/2365
new file mode 100644
index 0000000000000000000000000000000000000000..b2f84d507f8e3ba7fa9c6722d85b0e64ed3eb022
--- /dev/null
+++ b/reuters/training/2365
@@ -0,0 +1,12 @@
+FIRST UNION <FUNC> TO BUY FLORIDA BANK
+  First Union Corp said it has
+  agreed to acquire First State Bancshares Inc of Pensacola,
+  Fla.,  and its First State Bank of Pensacola subsidiary for
+  about 457,000 common shares.
+      First State has assets of about 110 mln dlrs.  The
+  acquisition, expected to be treated as a pooling of interests,
+  is expected to be completed in the third quarter of 1987
+  subject to approval by regulatory agencies and First State
+  shareholders.
+  
+
diff --git a/reuters/training/2366 b/reuters/training/2366
new file mode 100644
index 0000000000000000000000000000000000000000..611735eea74a9c864e7d2919eb0a23c3062e3e34
--- /dev/null
+++ b/reuters/training/2366
@@ -0,0 +1,19 @@
+OPPENHEIMER RAISES NWA <NWA> EARNINGS ESTIMATE
+  Oppenheimer and Co analyst Robert
+  McAdoo raised his 1987 earnings estimate for NWA Inc, parent of
+  Northwest Airlines, following a strong quarterly report by the
+  company yesterday, according to Oppenheimer market strategist
+  Michael Metz.
+      NWA shares rose 1-5/8 to 74-3/8 in active trading.
+      McAdoo raised his 1987 estimate to 7.50 dlrs a share from
+  five dlrs and maintained a buy recommendation on the stock,
+  Metz said.
+      McAdoo was traveling and could not be reached for comment.
+      Yesterday, Minneapolis-based NWA reported fourth quarter
+  net of about 9.8 mln dlrs or 45 cts a share against a loss of
+  two mln dlrs or nine cts in the 1985 quarter.
+      For the year, earnings rose to 76.9 mln dlrs or 3.26 dlrs
+  from 73.1 mln or 3.18 dlrs. The 1986 results include Republic
+  Airlines since NWA acquired it Aug 12, 1986.
+  
+
diff --git a/reuters/training/2367 b/reuters/training/2367
new file mode 100644
index 0000000000000000000000000000000000000000..bbf47fcc8dc9c263b86929c7e7fe7dedce4b31f6
--- /dev/null
+++ b/reuters/training/2367
@@ -0,0 +1,58 @@
+HOUSE 0/92 FARM PROPOSAL SEEN SPARKING DEBATE
+  A House Agriculture Committee meeting
+  later today to draft a disaster aid bill is expected to spark a
+  debate between lawmakers who want to expand the 0/92, or
+  "de-coupling," provision to cover feedgrains, and those who
+  oppose 0/92 or want it severely limited, Congressional sources
+  said.
+      The disaster aid bill as it now stands calls for a one-year
+  0/92 pilot program for 1987 crop wheat and the 1988 winter
+  wheat crop. The bill would allow farmers to forego planting and
+  still receive 92 pct of deficiency payments.
+      The administration has strongly urged that the bill be
+  expanded to feedgrains and to more than one year.
+      It is difficult to tell in what form the 0/92 provision
+  will emerge from the committee, the sources said.
+      Proponents of an expansion of 0/92 maintain there are large
+  estimated cost savings of such a bill -- ranging from estimates
+  by the administration of 200 to 500 mln dlrs.
+      Opposition to a reopening of the 1985 farm bill at this
+  time is the major reason cited by those against an expansion of
+  the bill, committee staffers said.
+      The 0/92 plan is scheduled to be discussed at 1530 EST. A
+  conflicting floor vote delayed the start of the meeting, and
+  staffers said it may have to be delayed even until next week.
+      Such a delay would not bode well for proponents of an
+  expanded 0/92 program, since spring planting in many areas of
+  the country will be underway in the next few weeks and signup
+  for the 1987 wheat and feedgrains program ends March 30.
+      Farmers are now making their planting decisions, so
+  something has to be done quickly if a 0/92 program is to be
+  implemented, an Agriculture Department source said.
+      An expansion of 0/92 to feedgrains was opposed in last
+  week's subcommittee hearing on the bill, with subcommittee
+  chairman Dan Glickman, D-Kan., saying that more study of the
+  consequences of decoupling on feedgrains plantings was
+  necessary.
+      Major commodity groups, including the National Corn
+  Growers, the American Farm Bureau and the National Cattlemen's
+  Association, have voiced strong opposition to 0/92.
+      But proponents of an expanded 0/92 argue that the bill
+  currently is not equitable for all grains producers, so it
+  should be extended to other crops.
+      There will be difficulty in limiting 0/92 to wheat, said
+  Gene Moos, aide to house majority leader Tom Foley, D-Wash.
+      Projected cost savings, in the current atmosphere of try to
+  decrease farm expenditures, would also be hard to ignore in the
+  debate to expand the 0/92 application, Moos said.
+      Rep. Charles Stenholm, D-Tex., may be planning to introduce
+  a bill to restrict 0/92 to only 1987 crop wheat, with the
+  argument that now is not the time to vote in favor of any major
+  changes in the farm bill.
+      "Stenholm's bill is not a rejection of 0/92, only of the
+  timing," a congressional staff member said.
+      Rep. Arland Stangeland (R-Minn.) is reported to have an
+  amendment to expand the 0/92 provision to 1987 and 1988
+  feedgrains.
+  
+
diff --git a/reuters/training/237 b/reuters/training/237
new file mode 100644
index 0000000000000000000000000000000000000000..7a9c33af376c3e873e53caa8a0eb1e45c7b85cf8
--- /dev/null
+++ b/reuters/training/237
@@ -0,0 +1,56 @@
+INDONESIA SEEN AT CROSSROADS OVER ECONOMIC CHANGE
+  Indonesia appears to be nearing a
+  political crossroads over measures to deregulate its protected
+  economy, the U.S. Embassy says in a new report.
+      To counter falling oil revenues, the government has
+  launched a series of measures over the past nine months to
+  boost exports outside the oil sector and attract new
+  investment.
+      Indonesia, the only Asian member of OPEC and a leading
+  primary commodity producer, has been severely hit by last year"s
+  fall in world oil prices, which forced it to devalue its
+  currency by 31 pct in September.
+      But the U.S. Embassy report says President Suharto"s
+  government appears to be divided over what direction to lead
+  the economy.
+      "(It) appears to be nearing a crossroads with regard to
+  deregulation, both as it pertains to investments and imports,"
+  the report says. It primarily assesses Indonesia"s agricultural
+  sector, but also reviews the country"s general economic
+  performance.
+      It says that while many government officials and advisers
+  are recommending further relaxation, "there are equally strong
+  pressures being exerted to halt all such moves."
+      "This group strongly favours an import substitution economy,"
+  the report says.
+      Indonesia"s economic changes have been welcomed by the World
+  Bank and international bankers as steps in the right direction,
+  though they say crucial areas of the economy like plastics and
+  steel remain highly protected, and virtual monopolies.
+      Three sets of measures have been announced since last May,
+  which broadened areas for foreign investment, reduced trade
+  restrictions and liberalised imports.
+      The report says Indonesia"s economic growth in calendar 1986
+  was probably about zero, and the economy may even have
+  contracted a bit. "This is the lowest rate of growth since the
+  mid-1960s," the report notes.
+      Indonesia, the largest country in South-East Asia with a
+  population of 168 million, is facing general elections in
+  April.
+      But the report hold out little hope for swift improvement
+  in the economic outlook. "For 1987 early indications point to a
+  slightly positive growth rate not exceeding one pct. Economic
+  activity continues to suffer due to the sharp fall in export
+  earnings from the petroleum industry."
+      "Growth in the non-oil sector is low because of weak
+  domestic demand coupled with excessive plant capacity, real
+  declines in construction and trade, and a reduced level of
+  growth in agriculture," the report states.
+      Bankers say continuation of present economic reforms is
+  crucial for the government to get the international lending its
+  needs.
+      A new World Bank loan of 300 mln dlrs last month in balance
+  of payments support was given partly to help the government
+  maintain the momentum of reform, the Bank said.
+  
+
diff --git a/reuters/training/2370 b/reuters/training/2370
new file mode 100644
index 0000000000000000000000000000000000000000..bf9be729236b039891107e155a04f7336d377352
--- /dev/null
+++ b/reuters/training/2370
@@ -0,0 +1,14 @@
+YELLOW FREIGHT <YELL> SEES LOWER 1ST QTR NET
+  Yellow Freight System Inc said
+  its expects 1987 first quarter profits to be substantially
+  below the 14.2 mln dlrs or 50 cts a share earned in the same
+  period a year ago.
+      Revenues have been depressed by recent price discounting,
+  added costs from expansion programs, lower shipping volumes and
+  increased costs associated with severe weather conditions
+  on the East coast, company officials told analysts here.
+      An industry-wide rate hike of 2.9 pct, set for April one,
+  will cover Yellow Freight's upcoming labor and other costs but
+  will not make a contribution to operating margins, it said.
+  
+
diff --git a/reuters/training/2371 b/reuters/training/2371
new file mode 100644
index 0000000000000000000000000000000000000000..af0bb149dbefcfafcfed7cc2a1ab397b0efa9741
--- /dev/null
+++ b/reuters/training/2371
@@ -0,0 +1,15 @@
+NOVA SUBSIDIARY RAISES U.S. POLYETHYLENE PRICES
+  Novacor Inc, a unit of <Nova,
+  an Alberta Corp>, said it would raise prices for U.S. customers
+  by five cts a pound on linear low-density and low-density
+  polyethylene, effective April 1.
+      The company did not immediately disclose the actual new
+  prices.
+      A Novacor official later said in reply to an inquiry that
+  the new prices, effective April 1, would range from 31 U.S. cts
+  a pound to about 38 cts.
+      The official said the increase reflected improved market
+  conditions, although he noted the new prices would still be
+  lower than those of three years ago.
+  
+
diff --git a/reuters/training/2374 b/reuters/training/2374
new file mode 100644
index 0000000000000000000000000000000000000000..578f9e03e2d5eaf06f514cf9e1cc5a87b869adfd
--- /dev/null
+++ b/reuters/training/2374
@@ -0,0 +1,13 @@
+MOULINEX STAKE SOLD TO SOME 50 INSTITUTIONS
+  The 20 pct stake in Moulinex SA <MOUP.PA>
+  sold by <Scovill Inc> of the U.S. Was spread among at least 50
+  institutional investors worldwide, a spokesman for brokers
+  James Capel said. Capel handled the deal.
+      The buyers were based in centers ranging from Europe to
+  North America and Japan, he added.
+      Moulinex's capital is split among Jean Mantelet, president
+  of the company, with 42 pct, along with private investors
+  holding 38 pct and the 20 pct which has just been sold, company
+  sources said earlier in Paris.
+  
+
diff --git a/reuters/training/2375 b/reuters/training/2375
new file mode 100644
index 0000000000000000000000000000000000000000..4422a21a09af87820ad5dac0a8a7a0fa5121c3a6
--- /dev/null
+++ b/reuters/training/2375
@@ -0,0 +1,71 @@
+TALKING POINT/PIEDMONT <PIE>
+  Carl Icahn's bold takeover bid for
+  USAir Group <U> has clouded the fate of Piedmont Aviation Inc,
+  which was being courted by USAir.
+      Yesterday, Icahn's Transworld Airlines Inc <TWA> made a 1.4
+  billion dlr offer for USAir Group. The move complicated a USAir
+  takeover offer for Piedmont, which was believed to be close to
+  accepting the bid.
+      Today, USAir rejected Icahn's 52 dlr per share offer and
+  said the bid was a last-minute effort to interfere in its
+  takeover of Piedmont. Icahn was unavailable for comment.
+      Piedmont fell one to 68-5/8 on volume of 963,000. TWA was
+  off 3/8 to 31-1/2. USAir fell 1-3/8 to 47-3/4 as doubt spread
+  it would be taken over.
+      Analysts and market sources view the TWA bid as an attempt
+  to either trigger a counter offer from USAir or to attract a
+  suitor who might want both airlines once they merged.
+     "The next move is either Icahn starts a tender offer or
+  Piedmont and USAir announce a deal," speculated one arbitrager.
+      Some arbitragers said there is now some risk in the current
+  price of Piedmont since it is not clear that USAir's bid will
+  succeed.
+      Piedmont's largest shareholder and other suitor, Norfolk
+  Southern Corp <NSC> has offered 65 dlrs per share for the
+  company. USAir offered 71 dlrs cash per share for half of
+  Piedmont stock, and 73 dlrs per share in stock for the balance.
+      Some arbitragers, however, believe the depressed price of
+  Piedmont offers a buying opportunity since the airline is
+  destined to be acquired by someone. USAir, they said, is the
+  least likely to be bought.
+      Icahn, who has long talked about further consolidation in
+  the airline industry, also offered USAir the alternative of a
+  three-way airline combination, including TWA and Piedmont.
+      But Wall Street has given little credibility to Icahn's
+  offer, which lacked financing and was riddled with
+  contingencies.
+      Still, he has succeeded in holding up a merger of two
+  airlines - both of which analysts said would fit well with TWA.
+      "You can't discount him," said one arbitrager.
+      Analysts, however, said Icahn would have to prove he is
+  serious by following through with his threats or making a new
+  offer. In making the offer for USAir, Icahn threatened to go
+  directly to shareholders for 51 pct of the stock at a lower
+  price if USAir rejected his offer.
+      "It's clear Icahn wants to sell and he's bluffing," said
+  one arbitrager.
+      Analysts said the 52 dlr per share offer was underpriced by
+  about six dlrs per share.
+      Some analysts believe Icahn's proposed three-way airline
+  combination might face insurmountable regulatory hurdles, but
+  others believe it could be cleared if the companies are
+  acquired separately.
+      "TWA would have to be the surviving company for the deal to
+  work," said one analyst.
+      Analysts said such a merger would be costly and
+  complicated. TWA has the best cost structure, since Icahn
+  succeeded in winning concessions from its unions.
+      In order for the other carriers to come down to TWA's wage
+  scale in a merger, TWA would have to be the surviving entity,
+  analysts said.
+      Such a move does not necessarily free Icahn of TWA, they
+  said. They said he showed skill in reducing Ozark Airlines'
+  costs when he merged it into TWA last year, and he might be a
+  necessary ingredient for a merger to work.
+      However, other analysts speculated the managements of
+  Piedmont and USAir would not tolerate Icahn as head of a new
+  company. They said a USAir acquisition of TWA might be a way
+  for him to exit the company if USAir's airline is then merged
+  into TWA.
+  
+
diff --git a/reuters/training/2376 b/reuters/training/2376
new file mode 100644
index 0000000000000000000000000000000000000000..fa327ad8335e9a094217e9857c046e61db0b2b88
--- /dev/null
+++ b/reuters/training/2376
@@ -0,0 +1,31 @@
+BAKER INT'L <BKO> HOPES TO COMPLETE MERGER
+  Baker International Corp treasurer Eric
+  Mattson said the company hoped to iron out snags in a proposed
+  merger with Hughes Tool Co <HT> but declined to say if or what
+  compromises might be acceptable to it.
+      The proposed merger that would create a 1.2 billion dlr
+  oilfield services company was thrown into limbo yesterday when
+  Hughes management, balking at the terms of a government consent
+  decree, offered a counter-proposal to Baker.
+      Earlier today, Hughes adjourned a shareholders meeting
+  called to vote on the proposed merger until March 11 and said
+  it hoped to resume negotitations with Baker.
+      Hughes chairman W.A. Kistler told reporters that Hughes did
+  not want to sign the Department of Justice consent decree until
+  after Baker's submersible pump and drilling bit operations were
+  sold.
+      Mattson told Reuters that Baker still believed a merger was
+  possible between the two giant oilfield service companies.
+      "The company's position is we would like to see the merger
+  be completed, which is in the best interests of our
+  shareholders and their shareholders," Mattson said.
+      "Our goal is for a merger to occur. Because of the
+  litigation, I can't go any further than that," he said.
+      Baker filed a lawsuit in Texas state court late yesterday
+  to force Hughes to abide by terms of the proposed consent
+  decree.
+      Mattson also declined to comment on whether the directors
+  of Baker and Hughes have scheduled any meetings to discuss the
+  merger.
+  
+
diff --git a/reuters/training/2377 b/reuters/training/2377
new file mode 100644
index 0000000000000000000000000000000000000000..69cded120c8b855904021d94a3f941a27a356350
--- /dev/null
+++ b/reuters/training/2377
@@ -0,0 +1,5 @@
+LUCKY STORES INC REINSTATES QUARTERLY DIVIDEND AT 12.5 CTS PER SHARE
+
+  LUCKY STORES INC REINSTATES QUARTERLY DIVIDEND AT 12.5 CTS PER SHARE
+  
+
diff --git a/reuters/training/2379 b/reuters/training/2379
new file mode 100644
index 0000000000000000000000000000000000000000..0b6b139a0a4e952eecd6d5ed9a14f1d09b44791d
--- /dev/null
+++ b/reuters/training/2379
@@ -0,0 +1,16 @@
+HOMESTEAD FINANCIAL <HFL> UPS CASH DIVIDEND
+  Homestead Financial Corp
+  said it has increased the dividend on its Class A common shares
+  to 6-1/4 cts a share, from five cts prior, while declaring an
+  initial dividend on its Class B common stock of 3-3/4 cts a
+  share.
+      Homestead said the two classes of stock emerged as part of
+  its recapitalization plan which also doubled the number of
+  authorized common, comprising both classes, to 11 mln shares.
+      Homestead said the dividends are payable on April 6, to
+  shareholders of record March 20.
+      Homestead also said that class b shareholders who want to
+  increase their dividends may exchange their shares for an equal
+  number of class A shares on or before March 20.
+  
+
diff --git a/reuters/training/2380 b/reuters/training/2380
new file mode 100644
index 0000000000000000000000000000000000000000..1f96aa09734bf49bff33a1f836c84023de223f8e
--- /dev/null
+++ b/reuters/training/2380
@@ -0,0 +1,9 @@
+ELECTRO-SENSORS INC <ELSE> YEAR OPER NET
+  Oper shr 52 cts vs 51 cts
+      Oper net 626,013 vs 613,127
+      Sales 4,544,929 vs 4,402,572
+      NOTE: Earnings exclude extraordinary securities loss of
+  29,532 dlrs, or two cts a share vs a gain of 81,358 dlrs, or
+  seven cts a share
+  
+
diff --git a/reuters/training/2382 b/reuters/training/2382
new file mode 100644
index 0000000000000000000000000000000000000000..c571b1958614fa128864fff63db8162eb6c4b502
--- /dev/null
+++ b/reuters/training/2382
@@ -0,0 +1,15 @@
+CHINA ADDS, CANCELS WHEAT COMMITMENTS - USDA
+  China has added 90,000 tonnes of U.S.
+  wheat to its purchases for delivery in the 1987/88 season and
+  cancelled 30,000 tonnes of wheat purchases for delivery in the
+  1986/87 season, the U.S. Agriculture Department said.
+      According to the department's Export Sales Report covering
+  transactions in the week ended February 26, China has
+  outstanding wheat commitments for the 1986/87 season of 30,000
+  tonnes and 420,000 tonnes for delivery in the 1987/88 season.
+      The wheat season begins June 1.
+      China has total corn commitments for 1986/87 of 1,011,200
+  tonnes and soybeans commitments of 157,500 tonnes.
+      The season for corn and soybeans began September 1.
+  
+
diff --git a/reuters/training/2383 b/reuters/training/2383
new file mode 100644
index 0000000000000000000000000000000000000000..0db903fa055e9093359c832edbf6c84c5e218422
--- /dev/null
+++ b/reuters/training/2383
@@ -0,0 +1,80 @@
+OPEC PRESIDENT SAYS OUTPUT WELL BELOW CEILING
+  Opec Conference President Rilwanu Lukman
+  said the group was producing well below the 15.8 mln bpd
+  ceiling it set in December, partly because liftings had been
+  delayed or postponed by customers unwilling to pay fixed Opec
+  prices.
+      Lukman, during a brief visit to London on his way home from
+  Jamaica, told Reuters in a telephone interview that in
+  February, Opec had underproduced partly because members were
+  strictly abiding by production quotas and partly because they
+  were resisting the temptation to sell at discounts to official
+  prices of around 18 dlrs a barrel.
+      "We are determined to stand firm by the (December) accord,"
+  he said. "I have spoken to every other Opec minister and they
+  are committed to making the accord work," he said.
+      Lukman gave no specific figures for February output. He
+  said the Opec secretariat in Vienna was finalizing these
+  figures.
+      Told of a Reuters survey published today which estimated
+  that Opec output so far this week was below 15 mln bpd, he
+  said; "That could well be correct."
+      Opec"s news agency Opecna today issued a statement saying
+  group output was "well below" its ceiling in February. But it
+  gave no figures.
+      But one source close to Opec indicated that February output
+  may have been between 15.3 and 15.5 mln bpd.
+      The Reuter survey estimated Opec February output at around
+  16 mln bpd.
+      Opec agreed in December to cut output by 7.25 pct to 15.8
+  mln bpd and to return to fixed prices starting February 1.
+      Lukman said Qatar, Nigeria, Saudi Arabia and Iran had all
+  produced in February below their Opec quotas. Iraq, which said
+  it would not honour its 1.466 mln bpd quota under the December
+  pact, had produced less than had been anticipated, he said.
+      Lukman said that some industry reports "may be correct" that
+  in February, Nigeria propuced 75-100,000 bpd below its 1.238
+  mln bpd quota, Saudi Arabia 500,000 bpd less than its 4.133 mln
+  allocation and Qatar 20 to 30 pct under its 285,000 bpd quota.
+      He said that sweet crudes such as those produced by his
+  country were coming under price pressure because they were
+  currently officially priced above sweet North Sea grades and
+  the United States" West Texas Intermediate (WTI) crude.
+      However, he said Opec in December had anticipated that
+  demand would be slack at this time of year for seasonal reasons
+  and expected the market to firm in two to three weeks.
+      "We have to be patient for two or three weeks. The market is
+  now firming on actual fundamentals," he said, adding that he
+  expected it to go "up and up" even beyond official prices after
+  early April. This is when, traditionally, there is more demand
+  for gasoline-rich crudes such as Nigeria"s.
+      The Opec President said producers such as Kuwait, Venezuela
+  and Indonesia were having less problems with output than
+  producers like his own country because they exported oil
+  products.
+      Also, some of Venezuela"s heavy grades were outside the Opec
+  pricing system, he said.
+      Lukman said that if refiner-buyers, now refusing to lift
+  some Opec oil at official prices, instead used their own stocks
+  and ran them down to "dangerous levels," they would eventually
+  have to buy Opec oil.
+      "When they realise it is not a free-for-all (in the market)
+  they will realise they should buy now instead of paying more
+  later on," he said.
+      Lukman, asked about industry reports that Nigeria was being
+  pressured by equity producers for better terms, said it was
+  important to know that terms with them were negotiable,
+  flexible and under constant review, not only when the market
+  seemed weak.
+      He said that so far, no meeting of the seven-nation
+  ministerial differentials committee had been scheduled and that
+  such a meeting, now twice-postponed, was not a high priority
+  for Opec at the moment.
+      "At this time, we have to get our priorities right," he said.
+  "The most important thing now is ensuring that the accord is
+  working, not dealing with a differential of cents between
+  grades."
+      But if any Opec member raised concerns or objections over
+  the differential system, a meeting would be called, he said.
+  
+
diff --git a/reuters/training/2385 b/reuters/training/2385
new file mode 100644
index 0000000000000000000000000000000000000000..0f6ea15e32ec40f75f4d28b4dfe0e45bc6a09ebd
--- /dev/null
+++ b/reuters/training/2385
@@ -0,0 +1,7 @@
+LUCKY STORES INC <LKS> REINSTATES QUARTERLY DIV
+  Qtly div 12.5 cts vs nil
+      Pay April 3
+      Record March 16
+      Note: in quarters preceeding 4th qtr, dividend was 29 cts.
+  
+
diff --git a/reuters/training/2386 b/reuters/training/2386
new file mode 100644
index 0000000000000000000000000000000000000000..ce32df9c0e1f4ee6b8ad7dcc2bd7c023dabd634a
--- /dev/null
+++ b/reuters/training/2386
@@ -0,0 +1,11 @@
+CARMEL CONTAINER SYSTEMS LTD<KML> YEAR OPER NET
+  Oper shr 1.18 dlrs vs 58 cts
+      Oper net 2,266,000 vs 1,037,000
+      Revs 45.8 mln vs 41.4 mln
+      Avg shrs 1,924,000 vs 1,800,000
+      NOTE: Excludes gain of 73,000 dlrs vs 290,000 dlrs from
+  benefit of tax loss carryforward.
+      Results for Tel Aviv, Israel-based company translated at
+  rate of one dlr to 1.485 new Israeli shekels.
+  
+
diff --git a/reuters/training/2389 b/reuters/training/2389
new file mode 100644
index 0000000000000000000000000000000000000000..b000e9ba7bcc2fb6a13d30adc153c5f2940f263b
--- /dev/null
+++ b/reuters/training/2389
@@ -0,0 +1,27 @@
+CUBAN CATTLE THREATENED BY DROUGHT
+  Over 750,000 head of cattle are suffering
+  the effects of a severe shortage of feed as a result of a
+  prolonged drought in the normally rich sugar and cattle
+  producing province of Camaguey, the newspaper Granma reported.
+      The province produces 23 pct of Cuba's beef and is the
+  island's number two province in milk production. Granma said
+  20,000 head of cattle are now in imminent danger.
+      The newspaper said a "cattle emergency" had been decreed and
+  the cattle are being rounded up.
+      Some 110,000 head have been transferred to the sugar cane
+  conditioning centers where newly harvested cane is cleaned
+  before being sent to the mills. The cattle are being fed the
+  residue left after cleaning the cane stalks. 32,000 head have
+  been sent to nearby provinces of Las Tunas and Ciego de Avila.
+      Despite Cuba's ambitous cattle development plans, beef
+  rationing has been in effect over the past 25 years. In Havana,
+  each Cuban receives approximately 3/4 lb of rationed beef every
+  18 days.
+      In a major area hit by drought, San Miguel, practically no
+  rain has fallen in the past 14 months. Grazing lands are
+  parched and the region was unable to produce 117,000 tonnes of
+  silage projected in its annual plan.
+      Granma said rainfall over the past year has been less than
+  50 pct of normal precipitation.
+  
+
diff --git a/reuters/training/2390 b/reuters/training/2390
new file mode 100644
index 0000000000000000000000000000000000000000..1dd0ded9aa07350f42b2b0680781437f67ab569d
--- /dev/null
+++ b/reuters/training/2390
@@ -0,0 +1,22 @@
+U.S. TO SET ORANGE JUICE DUTIES MONDAY
+  The Commerce Department on Monday
+  will set final dumping duties on frozen orange juice from
+  Brazil, department officials said.
+      A preliminary duty of 8.54 pct was set last Oct 17 on the
+  imports, which run at about 700 mln dlrs a year. Commerce's
+  ruling on Monday will reset the duties on the basis of more
+  detailed cost information, industry officials said.
+      The duties now are being assessed on a temporary basis,
+  pending a final ruling by the U.S. International Trade
+  Commission (ITC) on whether the imports are injuring the
+  domestic orange industry.
+      The ITC ruled provisionally last June 18 that the domestic
+  industry was being injured by Brazilian orange juice imports.
+      A complaint that the Brazilian imports were being dumped at
+  below costs on the U.S. market was filed on behalf of U.S.
+  growers by the Florida Citrus Mutual, a Lakeland, Fla., group,
+  Alcoma Packing Co, Inc, and Barry Citrus Products.
+      U.S. officials say about half of the orange juice consumed
+  in the United States comes from Brazil.
+  
+
diff --git a/reuters/training/2391 b/reuters/training/2391
new file mode 100644
index 0000000000000000000000000000000000000000..1dca7697553e86bea6f71786e36694a0d8488ae7
--- /dev/null
+++ b/reuters/training/2391
@@ -0,0 +1,6 @@
+LONGVIEW FIBRE CO <LFBR> QUARTERLY DIVIDEND
+  Qtly div 40 cts vs 40 cts
+      Pay April 10
+      Record March 25
+  
+
diff --git a/reuters/training/2393 b/reuters/training/2393
new file mode 100644
index 0000000000000000000000000000000000000000..55ba96a2b1eb7e7baceb215510cec871e56554bc
--- /dev/null
+++ b/reuters/training/2393
@@ -0,0 +1,9 @@
+BEI HOLDINGS LTD <BEIH> 1ST QTR JAN 31 NET
+  Shr 13 cts vs eight cts
+      Net 1,364,712 vs 881,082
+      Rev 11.6 mln vs 11.5 mln
+      NOTE: Qtr includes extraordinary gain of 586,826 dlrs, or
+  six cts a share, versus 183,850 dlrs or two cts a share in
+  fiscal 1986's first qtr.
+  
+
diff --git a/reuters/training/2394 b/reuters/training/2394
new file mode 100644
index 0000000000000000000000000000000000000000..492881402544012ac42fc1f883abbd6529651a29
--- /dev/null
+++ b/reuters/training/2394
@@ -0,0 +1,14 @@
+ENDEVCO <EI> AGREES TO BUY MISSISSIPPI PIPELINE
+  Endevco Inc said it has agreed to acquire
+  a 17.5-mile, 16-inch pipeline in Marion and Pearl River
+  Counties, Mississippi, for undisclosed terms.
+      The company said the pipeline was recently constructed from
+  the Poplarville gas field in Pearl River County to a proposed
+  interconnect with a pipeline operated by Occidental Petroleum
+  Corp's <OXY> United Gas Pipe Line Co subsidiary in Marion
+  County but has nmot been placed in service.
+      Endevco said it plans to extend its existing Mississippi
+  Fuel Co System in southern Mississippi 18 miles to the new
+  pipeline.
+  
+
diff --git a/reuters/training/2396 b/reuters/training/2396
new file mode 100644
index 0000000000000000000000000000000000000000..d9216655c57e3bc967c336b40b4789992b2a1b0d
--- /dev/null
+++ b/reuters/training/2396
@@ -0,0 +1,6 @@
+ATLANTIC CITY ELECTRIC CO <ATE> SETS PAYOUT
+  Qtly div 65-1/2 cts vs 65-1/2 cts prior
+      Pay April 15
+      Record March 19
+  
+
diff --git a/reuters/training/2397 b/reuters/training/2397
new file mode 100644
index 0000000000000000000000000000000000000000..1e727f2897267b7314d00c2ceb54d34006f137de
--- /dev/null
+++ b/reuters/training/2397
@@ -0,0 +1,6 @@
+KEMPER CORP <KEMC> REGULAR PAYOUT SET
+  Qtly div 15 cts vs 15 cts previously
+      Pay May 29
+      Record May Eight
+  
+
diff --git a/reuters/training/2398 b/reuters/training/2398
new file mode 100644
index 0000000000000000000000000000000000000000..87288afa9ee9563217f95cba3e45c71aa36b1ca5
--- /dev/null
+++ b/reuters/training/2398
@@ -0,0 +1,8 @@
+FFB <FFCT> SETS INITIAL QUARTERLY DIVIDEND
+  FFB Corp, parent of the First
+  Federal Bank of Connecticut FSB, said it declared an initial
+  quarterly dividend of five cts per share.
+      The company said the dividend is payable March 31 to
+  holders of record March 17.
+  
+
diff --git a/reuters/training/24 b/reuters/training/24
new file mode 100644
index 0000000000000000000000000000000000000000..81de157188e94c2db6a5f5189375b8acfd4d2696
--- /dev/null
+++ b/reuters/training/24
@@ -0,0 +1,13 @@
+ESQUIRE RADIO AND ELECTRONICS INC <EE> 4TH QTR
+  Shr profit 15 cts vs profit four cts
+      Annual div 72 cts vs 72 cts prior yr
+      Net profit 72,000 vs profit 16,000
+      Revs 7,075,000 vs 2,330,000
+      12 mths
+      Shr profit 42 cts vs loss 11 cts
+      Net profit 203,000 vs loss 55,000
+      Revs 16.1 mln vs 3,971,000
+      NOTE: annual dividend payable April 10, 1987, to
+  stockholders of record on March 27, 1987.
+  
+
diff --git a/reuters/training/2402 b/reuters/training/2402
new file mode 100644
index 0000000000000000000000000000000000000000..57e87d0a1b73f425fc10c3fccb0fff5dc5daea8a
--- /dev/null
+++ b/reuters/training/2402
@@ -0,0 +1,5 @@
+UNION CARBIDE SAYS OPERATING PROFITS FOR 4th qtr WERE 181 MLN DLRS VS LOSS THREE MLN DLRS
+
+  UNION CARBIDE SAYS OPERATING PROFITS FOR 4th qtr WERE 181 MLN DLRS VS LOSS THREE MLN DLRS
+  
+
diff --git a/reuters/training/2403 b/reuters/training/2403
new file mode 100644
index 0000000000000000000000000000000000000000..71c8b880a098a5f4fa9396886383c671effe0163
--- /dev/null
+++ b/reuters/training/2403
@@ -0,0 +1,5 @@
+MONEY MARKET FUND ASSETS ROSE 552.5 MLN DLRS IN LATEST WEEK TO 237.46 BILLION
+
+  MONEY MARKET FUND ASSETS ROSE 552.5 MLN DLRS IN LATEST WEEK TO 237.46 BILLION
+  
+
diff --git a/reuters/training/2405 b/reuters/training/2405
new file mode 100644
index 0000000000000000000000000000000000000000..5cb62a966725e54347a0489253b6a86ec855b77d
--- /dev/null
+++ b/reuters/training/2405
@@ -0,0 +1,16 @@
+COMBINED INTERNMATIONAL <PMA> SEES STRONG 1987
+  Combined International Corp should have
+  another strong year, President Patrick G. Ryan told analysts,
+  although he declined to forecast earnings specifically.
+      In 1986, the company reported operating income of 5.51 dlrs
+  a share, up from 4.84 dlrs a share a year earlier. Revenues
+  increased to 1.81 billion dlrs from 1.36 billion dlrs.
+      Ryan said Combined is testing a direct response long-term
+  care product through its Union Fidelity Life Insurance Co and
+  has plans to offer it through Ryan Insurance Group.
+      In answer to a question on Combined's possible exposure to
+  AIDS-related health claims, Ryan said it was "minimal" although
+  he conceded that every carrier who provides coverage is
+  vulnerable.
+  
+
diff --git a/reuters/training/2406 b/reuters/training/2406
new file mode 100644
index 0000000000000000000000000000000000000000..ad44fa0f4cfb0254848ddd5217b16d12d03ca512
--- /dev/null
+++ b/reuters/training/2406
@@ -0,0 +1,25 @@
+CANADA DLR DRIVEN BY FOREIGN BUYERS - WILSON
+  Finance Minister Michael Wilson said
+  large inflows of capital into Canada, principally into the
+  country's bond market, is a major reason behind the sharp
+  recovery in the Canadian dollar.
+      He said the inflow of funds, mainly from Japan, Europe and
+  the United States, is the result of "confidence in the
+  direction this country is going in."
+      "That is the reason why the (Canadian) dollar today is
+  higher than 75 cts (U.S.) compared to this time last year (when
+  it was) a little over 69 cts," Wilson told the House of Commons
+  daily question period.
+      Figures released this week show foreigners purchased a
+  record 23.1 billion dlrs of Canadian bonds in 1986, more than
+  double the previous year, with Japan investing a record 9.5
+  billion dlrs in the market.
+      Wilson was responding to opposition party questions about a
+  possible loss of jobs from the rise in Canadian investment
+  abroad. Canadian investment, including the buying of foreign
+  companies, stocks and bonds, rose to 12.53 billion dlrs from
+  6.19 billion dlrs in 1985.
+      The minister said the flow of funds from abroad would
+  generate many new jobs in Canada.
+  
+
diff --git a/reuters/training/2409 b/reuters/training/2409
new file mode 100644
index 0000000000000000000000000000000000000000..885681dfd68241f099eba953bd413e6c8242a59d
--- /dev/null
+++ b/reuters/training/2409
@@ -0,0 +1,10 @@
+CHARTWELL GROUP LTD <CTWL> 4th qtr net
+  Shr nine cts vs three cts
+      Net 549,000 vs 72,000
+      Rev 7.0 mln vs 2.8 mln
+      Year
+      Shr 49 cts vs 32 cts
+      Net 2,441,000 vs 801,000
+      Rev 19.6 mln vs 9.7 mln
+  
+
diff --git a/reuters/training/241 b/reuters/training/241
new file mode 100644
index 0000000000000000000000000000000000000000..e22cad4b0e64338466959971792b85bfd97d9dda
--- /dev/null
+++ b/reuters/training/241
@@ -0,0 +1,13 @@
+CHINESE WHEAT CROP THREATENED BY PESTS, DISEASE
+  China's wheat crop this year is seriously
+  threatened by plant pests and diseases, the New China News
+  Agency said.
+      More than 5 mln hectares of wheat-producing land in North
+  China could be affected because relatively warm and dry weather
+  had allowed bacteria and insect eggs to survive the winter, the
+  agency added.
+      China"s Ministry of Agriculture, Animal Husbandry and
+  Fisheries has called for measures including the timely supply
+  of pesticides to farmers to combat the threat, it said.
+  
+
diff --git a/reuters/training/2410 b/reuters/training/2410
new file mode 100644
index 0000000000000000000000000000000000000000..ed3131b27a7c49ef932688831b35e6c8b529dbaa
--- /dev/null
+++ b/reuters/training/2410
@@ -0,0 +1,6 @@
+PITT-DES MOINES INC <PDM> TO ACQUIRE STEEL UNIT
+  Pitt-Des Moines Inc said it will
+  acquire <Chicago Steel Corp> in exchange for a portion of its
+  stock.
+  
+
diff --git a/reuters/training/2411 b/reuters/training/2411
new file mode 100644
index 0000000000000000000000000000000000000000..bc50599845af54ab8cc6de65a884a5a7ff42f6d3
--- /dev/null
+++ b/reuters/training/2411
@@ -0,0 +1,14 @@
+GIANT BAY <GBYLF> DETAILS GORDON LAKE DEPOSIT
+  Giant Bay Resources
+  Ltd said a metallurgical study of its Gordon Lake gold deposit
+  indicated an overall recovery of 95 pct to 96 pct of the gold
+  can be achieved by either direct cyanidation of ore or
+  flotation followed by cyanidation of concentrate.
+      Continuation of an underground program on the property will
+  begin in June, extending an existing drift along the
+  200-foot-level where the main ore zone was encountered, Giant
+  Bay said.
+      The company did not elaborate on production figures for the
+  property.
+  
+
diff --git a/reuters/training/2417 b/reuters/training/2417
new file mode 100644
index 0000000000000000000000000000000000000000..15950e41d2ebaead7daa1c125d4bfcfb441da5b1
--- /dev/null
+++ b/reuters/training/2417
@@ -0,0 +1,43 @@
+CONSENSUS BUILDS FOR WORLD AGRICULTURAL REFORM
+  Top U.S. and European farm trade and
+  government representatives called for a sweeping reform of
+  world agriculture to redress a critical demand and supply
+  imbalance.
+      Speakers at a conference on world agricultural markets here
+  demonstrated a growing U.S.-European consensus on the need for
+  an urgent and collective overhaul of world farm trade and
+  production.
+      "It is vital that we work together to bring more freedom and
+  harmony into the world agricultural trade...(if not) the
+  disruptions in markets may grow even more severe, the walls of
+  protection climb higher and the level of possible retaliation
+  become more harmful," U.S. Department of Agriculture Deputy
+  Administrator William Bailey said.
+      Bailey said his attendance at the two-day meeting, which
+  ends tomorrow, demonstrated the U.S. recognises the need to
+  adjust its policies to the changing market environment.
+      The need for urgent reforms is justified by the "imbalance
+  and tensions of the world economy," the secretary general of the
+  Organisation for Economic Cooperation and Development
+  Jean-Claude Paye said.
+      And the forum for such a reform is the General Agreement on
+  Tariffs and Trade, he noted.
+      Paye stressed the need for a progressive and joint
+  reduction of agricultural subsidies as well as social measures
+  to help farmers in unprofitable areas.
+      Another possible solution would be to stop supporting farm
+  prices, allowing them to be fixed by supply and demand, and
+  instead help farmers through income support and adjustment
+  aids, proposed James Howard, Executive Vice-president of
+  Cargill (USA), one of the world's largest cereal houses.
+      Franz-Josef Feiter, agricultural adviser to West German
+  Chancellor Helmut Kohl, agreed the European Community must take
+  greater heed of market constraints in fixing farm prices.
+      However, "differentiated policy treatment is required" to
+  take account of large disparities in the situation around the
+  EC, he said.
+      "Agriculture is an efficient sector of the European economy
+  and will remain so if the right policy is pursued within the
+  Community," he said.
+  
+
diff --git a/reuters/training/2419 b/reuters/training/2419
new file mode 100644
index 0000000000000000000000000000000000000000..4947f9a43f5d36bbe93a421c1c65cca7abdaaeb5
--- /dev/null
+++ b/reuters/training/2419
@@ -0,0 +1,13 @@
+REXCOM <RXSC> TO ACQUIRE MARKETING FIRM
+  Rexcom Systems Corp said it agreed to
+  buy all the assets of Postech Inc from Comtech Group
+  International Ltd, a Canadian computer service company, for 70
+  pct of Rexcom's voting shares.
+      The purchase will be for Rexcom common and preferred stock.
+      Postech, the Canadian firm's U.S. marketing arm, sells
+  computerized restaurant management systems and security systems
+  in the U.S.
+      The deal is subject to approval by the boards of Postech
+  and Rexcom.
+  
+
diff --git a/reuters/training/242 b/reuters/training/242
new file mode 100644
index 0000000000000000000000000000000000000000..8817c0987bc3f74bb80c84978d0a3718e758354b
--- /dev/null
+++ b/reuters/training/242
@@ -0,0 +1,20 @@
+SAUDI RIYAL DEPOSIT RATES REMAIN FIRM
+  Saudi riyal interbank deposits were
+  steady at yesterday's higher levels in a quiet market.
+      Traders said they were reluctant to take out new positions
+  amidst uncertainty over whether OPEC will succeed in halting
+  the current decline in oil prices.
+      Oil industry sources said yesterday several Gulf Arab
+  producers had had difficulty selling oil at official OPEC
+  prices but Kuwait has said there are no plans for an emergency
+  meeting of the 13-member organisation.
+      A traditional Sunday lull in trading due to the European
+  weekend also contributed to the lack of market activity.
+      Spot-next and one-week rates were put at 6-1/4, 5-3/4 pct
+  after quotes ranging between seven, six yesterday.
+      One, three, and six-month deposits were quoted unchanged at
+  6-5/8, 3/8, 7-1/8, 6-7/8 and 7-3/8, 1/8 pct respectively.
+      The spot riyal was quietly firmer at 3.7495/98 to the
+  dollar after quotes of 3.7500/03 yesterday.
+  
+
diff --git a/reuters/training/2420 b/reuters/training/2420
new file mode 100644
index 0000000000000000000000000000000000000000..f24e6fa65984c4fa984bba47b2638262e275ba33
--- /dev/null
+++ b/reuters/training/2420
@@ -0,0 +1,9 @@
+ASCS BUYS PEANUT PRODUCTS, VEG OIL/SHORTENING
+  The Agricultural Stabilization and
+  Conservation Service (ASCS) bought 2.3 mln pounds of peanut
+  products at a cost of 2.1 mln dlrs and 7.4 mln pounds of
+  vegetable oil/shortening for 2.0 mln dlrs, for domestic
+  distribution April 1-15 and April 16-30, an ASCS spokesman
+  said.
+  
+
diff --git a/reuters/training/2421 b/reuters/training/2421
new file mode 100644
index 0000000000000000000000000000000000000000..4a9fc8405da3d549b055add2271e1f43ef110efd
--- /dev/null
+++ b/reuters/training/2421
@@ -0,0 +1,14 @@
+GENERAL REFRACTORIES CO <GRX> 4TH QTR NET
+  Shr 17 cts vs 84 cts
+      Net 709,000 vs 3,605,000
+      Rev 86.4 mln vs 87.0 mln
+      Year
+      Shr 1.79 dlrs vs 1.10 dlrs
+      Net 7,452,000 vs 4,695,000
+      Rev 362.8 mln vs 316.0 mln
+      NOTE: 1986 net includes gains from sale of non-operating
+  assets of 800,000 dlrsm versus 1.2 mln dlrs in 1985.
+      1985 net includes nonrecurring cost of 2.6 mln dlrs and
+  provision for separation pay of 1.5 mln dlrs.
+  
+
diff --git a/reuters/training/2425 b/reuters/training/2425
new file mode 100644
index 0000000000000000000000000000000000000000..628c997da1c917abdb49338a653d62ca1db6923a
--- /dev/null
+++ b/reuters/training/2425
@@ -0,0 +1,13 @@
+HOUSE 0/92 FARM PLAN MARKUP DELAYED TILL TUESDAY
+  A House Agriculture Committee meeting
+  to draft a disaster aid bill containing a controversial 0/92
+  provision has been postponed until next Tuesday, committee
+  staff members announced.
+      The bill contains a provision implementing a 0/92 acreage
+  reduction plan for 1986 wheat and 1987 winter wheat, thereby
+  making payments available to farmers who were not able to plant
+  last year's winter wheat crop because of flooding.
+      Controversy exists over whether the 0/92 provisions of the
+  bill should be expanded, cut back or left as is.
+  
+
diff --git a/reuters/training/2428 b/reuters/training/2428
new file mode 100644
index 0000000000000000000000000000000000000000..76e93df51eda8071cd381b1d280e5931aee14052
--- /dev/null
+++ b/reuters/training/2428
@@ -0,0 +1,74 @@
+UNION CARBIDE <UK> SAYS LONG TERM DEBT RISES
+  Union Carbide Corp said its 1986
+  long term debt was 3.06 billion dlrs compared to 1.71 billion
+  dlrs in 1985.
+      The company released its audited 1986 results.
+      The company also said its long term debt was reduced by
+  about 1.5 billion dlrs from the third quarter to the end of the
+  year by asset sales and equity offerings. Union Carbide sold
+  its battery products, home and automobile products and
+  agricultural products businesses in 1986. In the fourth
+  quarter, it offered 30 mln shares of stock, raising about 650
+  mln dlrs.
+      The asset sales and equity offering were part of a
+  recapitalization plan undertaken by the chemicals company last
+  year.
+      Audited net earnings in 1986 of 496 mln dlrs or 4.78 dlrs a
+  share compared to a 1985 loss of 581 mln dlrs or 2.78 dlrs were
+  unchanged from the company's preliminary earnings report made
+  on Jan 28. The earnings results for the fourth quarter were
+  also unchanged.
+      Included in the 1986 numbers are a 564 mln dlr gain from
+  sale of the different businesses, a 270 mln dlr pension credit
+  and a charge of 473 mln dlrs from the purchase of long term
+  debt at a premium under the recapitalization.
+      In the audited results released today, the company broke
+  down results by business segment.
+      Operating profit in the fourth quarter for all of the
+  company's operations on a consolidated basis, before corporate
+  and interest expense and taxes, was 181 mln dlrs against a loss
+  of three mln dlrs in the 1985 quarter.
+      In the year, operating profit was 791 mln dlrs compared to
+  a loss of 253 mln dlrs in 1985.
+      In a statement, the company said it defeated a hostile
+  takeover attempt, by GAF Corp <GAF>, and recapitalized the
+  company, adding, "While all this was going on, our continuing
+  businesses performed very soundly, with substantial operating
+  profit improvement over 1985."
+      Carbon products posted operating profit of eight mln dlrs
+  in the quarter, down from 29 mln dlrs, and 49 mln dlrs in the
+  year against a loss of 146 mln dlrs.
+      Chemicals and plastics had fourth quarter operating profit
+  of 122 mln dlrs compared to a year-ago loss of 49 mln dlrs. In
+  the year, chemicals and plastics earned 472 mln dlrs against
+  losses of 142 mln dlrs in 1985.
+      Operating income at industrial gases rose to 64 mln dlrs
+  from 55 mln in the quarter and to 276 mln dlrs from 222 mln in
+  the year.
+      The company's specialties and services segment cut its
+  losses in the quarter to 13 mln dlrs from 40 mln dlrs and in
+  the year to three mln dlrs from 181 mln dlrs.
+      Eliminations of business conducted between the company's
+  industry segments contributed two mln dlrs to fourth quarter
+  1985 profits but did not affect the 1986 quarter. The
+  eliminations caused losses of three mln dlrs compared to six
+  mln dlrs in the year.
+      The 1985 operating results include a host of unusual
+  writeoffs and depreciation charges totaling 134 mln dlrs in the
+  quarter and 906 mln dlrs in the year.
+      Capital expenditures rose to 524 mln dlrs in 1986 from 501
+  mln dlrs.
+      By segment, spending at carbon products fell to 42 mln dlrs
+  from 57 mln dlrs and spending fell at specialties and services
+  to 126 mln dlrs from 143 mln dlrs.
+      At chemicals and plastics, expenditures rose to 147 mln
+  dlrs from 133 mln and at industrial gases they rose to 209 mln
+  dlrs from 168 mln dlrs.
+      The company's cash and equivalents fell to 299 mln dlrs at
+  year end from 430 mln dlrs at year end 1985, after a net
+  decrease of 131 mln dlrs during 1986.
+      Current assets at year-end fell to 2.41 billion dlrs from
+  4.43 billion dlrs and current liabilities fell to 1.88 billion
+  dlrs from 2.38 billion.
+  
+
diff --git a/reuters/training/2429 b/reuters/training/2429
new file mode 100644
index 0000000000000000000000000000000000000000..e98530b6d82a8e39d6ce9ef8d096d63f7371ba18
--- /dev/null
+++ b/reuters/training/2429
@@ -0,0 +1,14 @@
+FIRST COMMERCIAL BANCORP <FCOB> 4TH QTR LOSS
+  Shr loss 49 cts vs loss 1.36 dlrs
+      Net loss 928,835 vs loss 1,648,665
+      Year
+      Shr loss 33 cts vs loss 4.21 dlrs
+      Net loss 593,533 vs loss 4,970,951
+      Assets 203.9 mln
+      Loans 151.5 mln
+      Deposits 192.0 mln
+      Note: 1986 loss included non-recurring expenses of
+  1,275,000 dlrs comprised of asset write-downs, legal proceeding
+  and a 930,000-dlr provision for loan losses.
+  
+
diff --git a/reuters/training/2433 b/reuters/training/2433
new file mode 100644
index 0000000000000000000000000000000000000000..4d88810f6f76be560c79b42e82b6c49d232d6fdd
--- /dev/null
+++ b/reuters/training/2433
@@ -0,0 +1,17 @@
+HARCOURT BRACE JOVANOVICH INC <HBJ> 4TH QTR NET
+  Shr 23 cts vs 28 cts
+      Net 8,877,000 vs 9,530,000
+      Revs 342 mln vs 278.9 mln
+      Avg shrs 39.4 mln vs 34 mln
+      Year
+      Shr 1.91 dlrs vs 1.62 dlrs
+      Net 70.5 mln vs 50.5 mln
+      Revs 1.3 billion vs 990.5 mln
+      Avg shrs 37 mln vs 31.3 mln
+      NOTE: On Dec one, 1986, company acquired Holt, Rinehart and
+  Winston and W.B. Saunders and The Dryden Press and their
+  foreign subsidiaries. By including these companies for the
+  single month of December 1986, 4th qtr earnings were raised by
+  seven cts per shr and for the year by eight cts per shr.
+  
+
diff --git a/reuters/training/2434 b/reuters/training/2434
new file mode 100644
index 0000000000000000000000000000000000000000..61a722e1f45dbe130deb0ab9647164ca34984cd3
--- /dev/null
+++ b/reuters/training/2434
@@ -0,0 +1,9 @@
+LONE STAR<LCE> AGREES TO BUY CONCRETE OPERATIONS
+  Lone Star Industries Inc said
+  it has agreed to acquire ready-mixed concrete and aggregates
+  businesses from <Riedel International Inc> of Portland, Ore.,
+  for an undisclosed amount of cash.
+      Lone Star's one sentence statement gave no further details
+  and company spokesmen were not available.
+  
+
diff --git a/reuters/training/2435 b/reuters/training/2435
new file mode 100644
index 0000000000000000000000000000000000000000..7943542b33219eb977936c868cbe717e03e39241
--- /dev/null
+++ b/reuters/training/2435
@@ -0,0 +1,23 @@
+SHELL FRANCAISE RETURNS TO PROFIT IN 1986
+  Shell Francaise <SFMF.PA>, a subsidiary of
+  <Shell Petroleum NV>, returned to the black last year for the
+  first time since 1982, with parent company net profit of 43 mln
+  francs against losses of 968 mln in 1985 and 1.07 billion in
+  1984. In 1982 it posted a profit of 329 mln.
+      The company said in a statement that cash flow had improved
+  strongly although it remained negative at 182 mln francs
+  against 1.34 billion in 1985, due largely to improved
+  performances by its main profit centres.
+      It said the results could have been even better had it not
+  been for the collapse of refining and sales profit margins in
+  the last quarter of the year.
+      In 1986 Shell sold 14.74 mln tonnes of oil products against
+  14.52 mln tonnes in 1985.
+      The company said the results were in line with its targets
+  for the second year of its three-year recovery programme.
+      Meanwhile, <Societe Shell Chimie) said it also returned to
+  profit in 1986, for the first time since 1976, posting net
+  profit of 160 mln francs against a 1985 loss of 57 mln. No
+  other details were available.
+  
+
diff --git a/reuters/training/2436 b/reuters/training/2436
new file mode 100644
index 0000000000000000000000000000000000000000..7255dd845fcdb497eae47d41de1d6aa80829e202
--- /dev/null
+++ b/reuters/training/2436
@@ -0,0 +1,17 @@
+BRAZIL SUSPENDS IMPORT OF 500,000 TONNES MAIZE
+  Brazil has suspended the importation
+  of 500,000 tonnes of maize ordered last year because of the
+  excellent domestic maize harvest expected this year,
+  Agriculture Minister Iris Resende said.
+      The Agriculture Ministry expects a record maize crop of
+  27.7 mln tonnes, a 36 pct increase on last year's crop of 20.3
+  mln tonnes.
+      Brazil's total grain crop is expected to be 65.3 mln
+  tonnes. "This is a record in the history of Brazilian
+  agriculture," a ministry spokesman said.
+      Resende announced suspension of the maize imports at a news
+  conference in Brasilia yesterday.
+      The ministry spokesman said he had no other details on the
+  maize transaction.
+  
+
diff --git a/reuters/training/2437 b/reuters/training/2437
new file mode 100644
index 0000000000000000000000000000000000000000..dca7ba3d9f27b7c3fa248037e52907d23d1d0a0c
--- /dev/null
+++ b/reuters/training/2437
@@ -0,0 +1,10 @@
+FAIRMOUNT CHEMICAL CO INC <FMTC> 4TH QTR LOSS
+  Shr loss 28 cts vs loss 29 cts
+      Net loss 584,100 vs loss 459,500
+      Sales 1,339,800 vs 1,6390,800
+      Year
+      Shr loss 64 cts vs loss 79 cts
+      Net loss 1,314,700 vs loss 1,237,100
+      Sales 7,249,600 vs 6,311,500
+  
+
diff --git a/reuters/training/2440 b/reuters/training/2440
new file mode 100644
index 0000000000000000000000000000000000000000..da442a8ddfc23e9c0b37fb59433f5bcd5db50e44
--- /dev/null
+++ b/reuters/training/2440
@@ -0,0 +1,6 @@
+HUMANA INC <HUM> REGULAR DIVIDEND
+  Qtly div 19 cts vs 19 cts in prior qtr
+      Payable May one
+      Record April two
+  
+
diff --git a/reuters/training/2441 b/reuters/training/2441
new file mode 100644
index 0000000000000000000000000000000000000000..d20637b6041b2d5151f1143efa84621a457523ef
--- /dev/null
+++ b/reuters/training/2441
@@ -0,0 +1,5 @@
+U.S. COMMERCIAL PAPER FALLS 1.27 BILLION DLRS IN FEB 25 WEEK, FED SAYS
+
+  U.S. COMMERCIAL PAPER FALLS 1.27 BILLION DLRS IN FEB 25 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/2442 b/reuters/training/2442
new file mode 100644
index 0000000000000000000000000000000000000000..5a2555c46ddc860a4f5be740aad247d6b438f29a
--- /dev/null
+++ b/reuters/training/2442
@@ -0,0 +1,5 @@
+N.Y. BUSINESS LOANS RISE 523 MLN DLRS IN FEB 25 WEEK, FED SAYS
+
+  N.Y. BUSINESS LOANS RISE 523 MLN DLRS IN FEB 25 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/2447 b/reuters/training/2447
new file mode 100644
index 0000000000000000000000000000000000000000..115b2b13e646373aef89cbe681b22ecf9902587a
--- /dev/null
+++ b/reuters/training/2447
@@ -0,0 +1,13 @@
+FINANCIAL CORP <FIN> UNIT BUYS BRANCHES
+  Financial Corporation of
+  America's American Savings and Loan Association unit said it
+  signed a definitive agreement to buy three retail savings
+  branches from Gibraltar Financial Corp's <GFC> Gibraltar
+  Savings unit.
+      The purchase, which must be approved by the Federal Home
+  Loan Bank and the California Department of Savings and Loans,
+  would increase American Savings' deposits by about 40 mln dlrs.
+      The branches are in La Jolla, La Mesa and San Juan
+  Capistrano, Calif.
+  
+
diff --git a/reuters/training/2448 b/reuters/training/2448
new file mode 100644
index 0000000000000000000000000000000000000000..7f7db327d5c079c50bbd6881434873f116830200
--- /dev/null
+++ b/reuters/training/2448
@@ -0,0 +1,25 @@
+PORK DELEGATES VOTE ON FARM BILL, FARM CREDIT
+  Delegates from the National Pork
+  Producers Council, NPPC, attending the American Pork Congress
+  in Indianapolis, voted overwhelmingly to recommend the U.S.
+  congress not to change the farm bill. While there are no
+  specific pork items in that legislation, feed grain prices
+  directly affect pork producer profits, the NPPC said.
+      Don Gingerich, a delegate from Iowa, said "to have
+  unpredictable changes come along periodically makes it very
+  difficult to plan and causes a lot of disruption."
+      Other members said the farm bill has some imperfections but
+  that's a price pork producers are willing to pay for
+  legislative stability, an NPPC spokesman said.
+      Delegates also passed unanimously a resolution that
+  Congress and the administration should act swiftly to identify
+  problems in the farm credit system.
+      Farm Credit Task Force chairman and newly elected Vice
+  President of the NPPC Ray Hankes, said delegates wanted a
+  program that all commodity groups can work with and bring a 
+  resolution to this problem with legislators in Washington.
+      Hankes added that the National Pork Producers Council will
+  work to save farmers and keep credit available, but not to save
+  or create any one credit system.
+  
+
diff --git a/reuters/training/2449 b/reuters/training/2449
new file mode 100644
index 0000000000000000000000000000000000000000..e38b89b697764e0254b25ce938e52391fd3bc7b1
--- /dev/null
+++ b/reuters/training/2449
@@ -0,0 +1,25 @@
+CONFIDENCE IN OPEC FIRMS U.S. ENERGY FUTURES
+  Renewed confidence in OPEC's ability to
+  limit production helped U.S. energy futures settle above
+  yesterday's closing prices, according to analysts.
+      They also said the heating oil contract found additional
+  support from a short-covering rally on the close.
+      April crude closed 24 cts higher to 17.75 dlrs. April
+  heating oil was 1.47 cts higher to 47.91 cts a gallon.
+      "Most traders expected follow through profit-taking from
+  yesterday but the market found suport from bullish reports that
+  OPEC is producing within its quota," said Simon Greenshields, a
+  vice president with Morgan Stanley and Co Inc.
+      News today, including OPEC President Rilwanu Lukman
+  statement that OPEC February production did not exceed its
+  official quota of 15.8 mln barrels per day, helped bouy prices,
+  traders said. A Reuter survey found OPEC production in early
+  March was 14.7 mln bpd.
+      In addition to short-covering, heating oil found support
+  from traders buying it against sales of gasoline and crude, as
+  well as from expectations for continued drawdowns in stocks as
+  refiners shut down for maintenance, traders said.
+      Unleaded gasoline for April finished 0.55 cent higher to
+  51.24 cts a gallon.
+  
+
diff --git a/reuters/training/2452 b/reuters/training/2452
new file mode 100644
index 0000000000000000000000000000000000000000..33ca377a3653fab66c96073f2ef0b42a7772a0a5
--- /dev/null
+++ b/reuters/training/2452
@@ -0,0 +1,14 @@
+TREASURY SAYS ONLY REAGAN, BAKER SPEAK ON DLR
+  The U.S. Treasury repeated a White
+  House statement that only President Reagan and Treasury
+  Secretary James Baker are authorized to speak on the dollar.
+      A Department spokesman was commenting on remarks by
+  Commerce Department Under-Secretary Robert Ortner that the yen
+  was undervalued 10 or 15 pct against the dollar but European
+  currencies were fairly priced against the U.S. currency.
+      "As Larry Speakes said on January 14 this year, only two
+  people in this administration are authorized to speak on the
+  dollar and that is the president and the secretary of the
+  treasury," the spokesman told Reuters.
+  
+
diff --git a/reuters/training/2456 b/reuters/training/2456
new file mode 100644
index 0000000000000000000000000000000000000000..fbe5b0763ebd1386ab9474508acf6d01670c5cbb
--- /dev/null
+++ b/reuters/training/2456
@@ -0,0 +1,42 @@
+USDA COMMENTS ON EXPORT SALES 
+  Corn sales gained 2,494,900 tonnes in
+  the week ended February 26, the highest weekly total since
+  August 1984 and two and three-quarter times the prior week's
+  level, the U.S. Agriculture Department said.
+      In comments on its Export Sales Report, the department said
+  sales of 1.0 mln tonnes to the USSR -- previously reported
+  under the daily reporting system -- were the first sales for
+  delivery to the USSR under the fourth year of the U.S.-USSR
+  Grains Supply Agreement, which began October 1.
+      Japan added 689,700 tonnes to previous purchases and sales
+  to unknown destinations rose by 429,800 tonnes.
+      Wheat sales of 362,400 tonnes for the current season and
+  151,000 for the 1987/88 season were down by more than half from
+  the previous week's combined sales, it said.
+      Egypt, Japan and Iraq were the major wheat buyers for
+  delivery in the current year, while sales to China decreased by
+  30,000 tonnes for the current season, but increased by 90,000
+  tonnes for the 1987/88 season, which begins June 1.
+      Net sales of soybeans totalling 274,200 tonnes equaled the
+  preceding week, but were nearly a third below the four week
+  average. Major increases were for Belgium, South Korea, Mexico
+  and Italy, it said.
+      Soybean cake and meal sales of 103,700 tonnes were 2-3/4
+  times the previous week's marketing year low, but six pct less
+  than the four week average.
+      Major increases for West Germany, Belgium, Spain, Italy and
+  Australia were partially offset by declines to unknown
+  destinations.
+      Soybean oil sales of 5,400 tonnes were the result of
+  increases for Venezuela and reductions of 500 tonnes for
+  unknown destinations.
+      Combined sales activity in cotton of 75,200 running bales
+  -- 44,700 bales for the current year and 30,500 bales for the
+  1987/88  bales -- were 56 pct below the prior week's good
+  showing, the department said.
+      Major purchasers for the current season were South Korea,
+  Japan, Taiwan and Thailand, while South Korea and Indonesia
+  were the major buyers for the 1987/88 season, which begins
+  August 1.
+  
+
diff --git a/reuters/training/2458 b/reuters/training/2458
new file mode 100644
index 0000000000000000000000000000000000000000..f82b3c26b2064d2821ccec6e2e4b03d2ac3cfffa
--- /dev/null
+++ b/reuters/training/2458
@@ -0,0 +1,11 @@
+FAIRFIELD COMMUNITIES INC <FCI> 10 MOS DEC 31
+  Shr loss 1.62 dlrs vs profit 83 cts
+      Net loss 17.2 mln vs profit 8.3 mln
+      Revs 264.0 mln vs 338.0 mln
+      NOTE:Year ago figures based on 12 months ended February 28,
+  1986 because company changed reporting period to end December
+  31.
+     1986 10 months loss includes 10.3 mln dlrs writedown of
+  certain assets.
+  
+
diff --git a/reuters/training/2459 b/reuters/training/2459
new file mode 100644
index 0000000000000000000000000000000000000000..97d3833257081737289d834371cb77b0367efe13
--- /dev/null
+++ b/reuters/training/2459
@@ -0,0 +1,10 @@
+CARVER CORP <CAVR> 4TH QTR NET
+  Shr 20 cts vs 17 cts
+      Net 680,000 vs 533,000
+      Sales 6,473,000 vs 5,996,000
+      Year
+      Shr 57 cts vs 84 cts
+      Net 1,967,000 vs 2,099,000
+      Sales 20.8 mln vs 19.0 mln
+  
+
diff --git a/reuters/training/246 b/reuters/training/246
new file mode 100644
index 0000000000000000000000000000000000000000..82155b93fd38e76a89b102a04bda59c9517b9621
--- /dev/null
+++ b/reuters/training/246
@@ -0,0 +1,44 @@
+QATAR UNVEILS BUDGET FOR FISCAL 1987/88
+  The Gulf oil state of Qatar, recovering
+  slightly from last year's decline in world oil prices,
+  announced its first budget since early 1985 and projected a
+  deficit of 5.472 billion riyals.
+      The deficit compared with a shortfall of 7.3 billion riyals
+  in the last published budget for 1985/86.
+      In a statement outlining the budget for the fiscal year
+  1987/88 beginning today, Finance and Petroleum Minister Sheikh
+  Abdul-Aziz bin Khalifa al-Thani said the government expected to
+  spend 12.217 billion riyals in the period.
+      Projected expenditure in the 1985/86 budget had been 15.6
+  billion riyals.
+      Sheikh Abdul-Aziz said government revenue would be about
+  6.745 billion riyals, down by about 30 pct on the 1985/86
+  projected revenue of 9.7 billion.
+      The government failed to publish a 1986/87 budget due to
+  uncertainty surrounding oil revenues.
+      Sheikh Abdul-Aziz said that during that year the government
+  decided to limit recurrent expenditure each month to
+  one-twelfth of the previous fiscal year's allocations minus 15
+  pct.
+      He urged heads of government departments and public
+  institutions to help the government rationalise expenditure. He
+  did not say how the 1987/88 budget shortfall would be covered.
+      Sheikh Abdul-Aziz said plans to limit expenditure in
+  1986/87 had been taken in order to relieve the burden placed on
+  the country's foreign reserves.
+      He added in 1987/88 some 2.766 billion riyals had been
+  allocated for major projects including housing and public
+  buildings, social services, health, education, transport and
+  communications, electricity and water, industry and
+  agriculture.
+      No figure was revealed for expenditure on defence and
+  security. There was also no projection for oil revenue.
+      Qatar, an OPEC member, has an output ceiling of 285,000
+  barrels per day.
+      Sheikh Abdul-Aziz said: "Our expectations of positive signs
+  regarding (oil) price trends, foremost among them OPEC's
+  determination to shoulder its responsibilites and protect its
+  wealth, have helped us make reasonable estimates for the coming
+  year's revenue on the basis of our assigned quota."
+  
+
diff --git a/reuters/training/2460 b/reuters/training/2460
new file mode 100644
index 0000000000000000000000000000000000000000..f8a2ec81085d0ac7546a03f273822a1bce3d7269
--- /dev/null
+++ b/reuters/training/2460
@@ -0,0 +1,5 @@
+INTER-CITY GAS CORP 4TH QTR SHR 36 CTS VS 68 CTS
+
+  INTER-CITY GAS CORP 4TH QTR SHR 36 CTS VS 68 CTS
+  
+
diff --git a/reuters/training/2462 b/reuters/training/2462
new file mode 100644
index 0000000000000000000000000000000000000000..3af4db55a361e54b459573e9d010c81cefde985a
--- /dev/null
+++ b/reuters/training/2462
@@ -0,0 +1,13 @@
+UNICORP <UAC>, LINCOLN IN DEFINITVE PACT
+  Unicorp American Corp said it signed a
+  definitive agreement to acquire Lincoln Savings Bank FSB.
+      Under terms of the agreement announced in January, Lincoln
+  would be acquired by a unit of Unicorp which is minority-owned
+  by Lincoln president Alton Marshall.
+      The acquisition will take place through a voluntary 
+  conversion of Lincoln to a federally chartered stock savings
+  bank from a mutual federal savings bank.
+      In connection with the conversion, Unicorp will contribute
+  150 mln dlrs in cash to Lincoln.
+  
+
diff --git a/reuters/training/2465 b/reuters/training/2465
new file mode 100644
index 0000000000000000000000000000000000000000..308e14aebef83aa50e343d62fd11b7006e227192
--- /dev/null
+++ b/reuters/training/2465
@@ -0,0 +1,5 @@
+U.S. M-1 MONEY SUPPLY RISES 1.9 BILLION DLRS IN FEB 23 WEEK, FED SAYS
+
+  U.S. M-1 MONEY SUPPLY RISES 1.9 BILLION DLRS IN FEB 23 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/2466 b/reuters/training/2466
new file mode 100644
index 0000000000000000000000000000000000000000..3f7cabd53afb5971d3074d788dc94fff68bf2127
--- /dev/null
+++ b/reuters/training/2466
@@ -0,0 +1,5 @@
+U.S. BANK DISCOUNT BORROWINGS AVERAGE 233 MLN DLRS A DAY IN MARCH 4 WEEK, FED SAYS
+
+  U.S. BANK DISCOUNT BORROWINGS AVERAGE 233 MLN DLRS A DAY IN MARCH 4 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/2467 b/reuters/training/2467
new file mode 100644
index 0000000000000000000000000000000000000000..8099e7a843c6034e02671911876bc8fc6928af95
--- /dev/null
+++ b/reuters/training/2467
@@ -0,0 +1,24 @@
+COFFEE FALL NOT SEEN AFFECTING COLOMBIA'S DEBT
+  The sharp fall in international coffee
+  prices will not affect Colombia's external credit situation,
+  finance minister Cesar Gaviria told reuters.
+      He said the current depression on world coffee markets was
+  not totally unexpected and would have no immediate bearing on
+  Colombia's financial state which he described as sound.
+      "Our foreign debt is high, but we can pay and I hope the
+  foreign banking community will maintain its position toward us,"
+  he said.
+      Colombia, the only major latin american country not to have
+  rescheduled its external public debt, has a total foreign debt
+  of 13.6 billion dlrs.
+      Calls for a rescheduling of the debt have come this week
+  from the opposition conservative party and the biggest trade
+  union following the coffee price drop. Gaviria said lower
+  coffee prices this year could mean a loss of 1.5 billion dlrs
+  in revenues for 1987.
+      Gaviria submitted to the world bank and the inter-american
+  bank last week in new york a borrowing plan, for a total of
+  3.054 billion dlrs to be disbursed over the next four years,
+  which he said was approved.
+  
+
diff --git a/reuters/training/2468 b/reuters/training/2468
new file mode 100644
index 0000000000000000000000000000000000000000..9173ad016a0799e69b4e181ce0028a74cab3c534
--- /dev/null
+++ b/reuters/training/2468
@@ -0,0 +1,12 @@
+U.S. M-1 MONEY SUPPLY RISES 1.9 BILLION DLRS
+  U.S. M-1 money supply rose 1.9 billion
+  dlrs to a seasonally adjusted 738.5 billion dlrs in the
+  February 23 week, the Federal Reserve said.
+      The previous week's M-1 level was revised to 736.6 billion
+  dlrs from 736.7 billion dlrs, while the four-week moving
+  average of M-1 rose to 736.7 billion dlrs from 735.0 billion.
+      Economists polled by Reuters had forecast M-1 in a range
+  from down 500 mln dlrs to up 4.5 billion dlrs.
+      The average forecast called for a 2.2 billion dlr M-1 rise.
+  
+
diff --git a/reuters/training/247 b/reuters/training/247
new file mode 100644
index 0000000000000000000000000000000000000000..3a16e3e6cdf86fd549becbcc9f7150c40c545b7d
--- /dev/null
+++ b/reuters/training/247
@@ -0,0 +1,59 @@
+GULF BOND, STOCK MARKETS LAG BEHIND, GIB SAYS
+  Gulf money markets have grown reasonably
+  well during the past decade, but bond and stock markets remain
+  to a large extent fragmented and lag behind, <Gulf
+  International Bank BSC> (GIB) said.
+      The bank's economist Henry Azzam said in a review of Gulf
+  capital markets that investors have to relinquish traditional
+  investment vehicles such as real estate, foreign currency bank
+  accounts and precious metals.
+      "Greater financial sophistication is needed coupled with
+  more diversified capital market instruments and a change in the
+  disclosure requirements on company accounts," he said.
+      The GIB study reviewed capital markets under three
+  categories -- money markets, stock and bond markets.
+      Azzam said Gulf states had been making greater use of
+  short-term money market instruments and banks in the region had
+  floated various euronotes and underwriting facilities.
+      "Nevertheless, bond and stock markets remain, to a large
+  extent, fragmented and lagging behind," he said.
+      Most debt in the region is still raised by syndicated loans
+  and bank facilities and very few companies had made use of
+  stock or bond issues. Only Kuwait has an official stock
+  exchange, while other Gulf nations have yet to establish
+  exchanges.
+      But with dwindling financial surpluses in the Gulf,
+  governments are actively pursuing ways to develop capital
+  markets and set up domestic stock exchanges, Azzam said.
+      He said recession stemming from sliding oil prices had
+  "clearly had a negative impact on the development of capital
+  markets in the region."
+      In addition, family firms are reluctant to go public,
+  financial awareness among investors is still lacking and
+  investment analysis and corporate reporting standards lack
+  depth. A sharp fall in share prices in the early 1980s prompted
+  investors to hold on to shares hoping for an eventual recovery.
+      Azzam said the absence of proper commercial law in some
+  Gulf countries and authorities' apparent reluctance to adopt
+  financial innovations had also hampered capital markets.
+      He called for clearly defined laws governing incorporation
+  of joint stock companies and the flotation of debt instruments.
+      Azzam said capital market instruments should be made
+  available to all citizens and institutions of Gulf Cooperation
+  Council (GCC) states -- Bahrain, Kuwait, Qatar, Oman, Saudi
+  Arabia and the United Arab Emirates (UAE). Some moves had been
+  taken in this direction, with Bahrain allowing GCC nationals to
+  own up to 25 pct of locally incorporated companies.
+      Azzam said Gulf money markets had received greater depth
+  from the introduction of treasury bill offerings in Bahrain and
+  the expansion of securities repurchase regulations in Saudi
+  Arabia.
+      But he added there is "no bond market to speak of" in Saudi
+  Arabia, Qatar, Oman or the UAE, with the last Saudi riyal
+  denominated bond issued in 1978.
+      While Bahrain plans an official stock exchange and trading
+  in Saudi Arabia has picked up, establishment of formal
+  exchanges in Qatar, Oman and the UAE does not appear imminent,
+  Azzam said.
+  
+
diff --git a/reuters/training/2470 b/reuters/training/2470
new file mode 100644
index 0000000000000000000000000000000000000000..4a9836bfb9c9c233f8c7b2d89b0b5147dd5bc9ae
--- /dev/null
+++ b/reuters/training/2470
@@ -0,0 +1,25 @@
+HUMANA <HUM> DECLARES SHAREHOLDERS RIGHTS PLAN
+  Humana Inc said its board
+  approved a shareholder rights plan, or so-called poison pill
+  plan, to ensure its shareholders receive fair treatment in the
+  event of a proposed takeover.
+      Humana said it is now aware of any effort to gain control
+  of the company.
+      Under the plan its board declared a dividend distribution
+  of one right for each outstanding common share held as of March
+  16. It said each right entitles holders to purchase a unit of
+  1/100 of a share of newly authorizes series A participating
+  preferred at 75 dlrs per unit.
+      Humana said the rights become effective after an entity
+  acquires 20 pct or more of its outstanding common or tenders
+  for 30 pct of its stock. After such an acquisition, then each
+  right entitles holders to purchase securities of the company or
+  an acquiring entity having a market value of twice the right's
+  exercise price.
+      Humana said the rights expire March 4, 1997, unless
+  redeemed earlier. It said the rights may be redeemed by the
+  company for one ct per right at any time prior to 10 days
+  following a public announcement that a 20 pct position has been
+  acquired.
+  
+
diff --git a/reuters/training/2471 b/reuters/training/2471
new file mode 100644
index 0000000000000000000000000000000000000000..5dce950c9276f6de5b4573766974f0f51465f38c
--- /dev/null
+++ b/reuters/training/2471
@@ -0,0 +1,16 @@
+FREMONT GENERAL CORP <FRMI> 4TH QTR OPER NET
+  Oper shr profit 63 cts vs loss 1.15 dlrs
+      Oper net profit 6,629,000 vs loss 12.4 mln
+      Revs 23.6 mln vs 22.4 mln
+      Year
+      Oper shr profit 1.65 dlrs vs loss 1.28 dlrs
+      Oper net profit 17.5 mln vs loss 13.8 mln
+      Revs 93.1 mln vs 86.8 mln
+      Note: Oper data does not include loss from discontinued
+  operations of 7,932,000 dlrs, or 73 cts per shr in 4th qtr
+  1985, loss of 40.5 mln dlrs, or 3.83 dlrs per shr in the 1986
+  year or gain of 104.3 mln dlrs, or 9.68 dlrs per shr in 1985.
+  Also does not include 4th qtr 1985 extraordinary loss of
+  1,028,000 dlrs, or ten cts per shr.
+  
+
diff --git a/reuters/training/2474 b/reuters/training/2474
new file mode 100644
index 0000000000000000000000000000000000000000..e1e4935b3731539ccaea76c31a95f7818e430d55
--- /dev/null
+++ b/reuters/training/2474
@@ -0,0 +1,12 @@
+GREAT WESTERN FINANCIAL <GWF> UNIT BUYS BANKS
+  Great Western Financial
+  Corp's subsidiary Great Western Bank said it will purchase
+  three retail banking branches in south Florida with total
+  deposits of 90 mln dlrs.
+      Great Western said it will purchase branches in Deerfield
+  Beach and Hollywood with approximately 80 mln dlrs in deposits
+  from Guardian Savings and Loan Association, and one in Palm
+  Beach with approximately 10 mln in deposits from Goldome
+  Savings Bank.
+  
+
diff --git a/reuters/training/2475 b/reuters/training/2475
new file mode 100644
index 0000000000000000000000000000000000000000..b0466f9265d9cb2812a192b1b35382017d35c810
--- /dev/null
+++ b/reuters/training/2475
@@ -0,0 +1,57 @@
+HUGHES <HT> CHANGES STANCE ON MERGER AFTER SUIT
+  A one billion dlr lawsuit pushed
+  Hughes Tool Co into an about-face on its rejection of a
+  proposed merger with Baker International Corp <BKO>, Wall
+  Street analysts said.
+      Last night, Hughes said the planned merger with Baker was
+  off. Baker then filed a suit seeking punitive damages from
+  Hughes for calling off the merger. At midday today Hughes said
+  it was still interested in the merger.
+      The analysts also said Hughes may be worried that its
+  troubles could make it a takeover candidate.
+      There was speculation today that Harold Simmons, the Dallas
+  investor, might try to acquire Hughes, but Simmons told Reuters
+  he is not interested.
+      Simmons said he intends to file a 13-D with the Securities
+  and Exchange Monday reporting a stake of five pct or more in
+  some publicly traded company. He declined to identify the
+  target other than to rule out Hughes.
+      One analyst said another factor in the latest Hughes
+  turnabout was Borg-Warner Corp <BOR>, which owns 18.5 pct of
+  Hughes. Borg-Warner ex-chairman J.F. Bere, who serves on the
+  Hughes board, is believed to favor the merger with Baker.
+      Despite the Hughes statement that it is interested in a
+  merger, and Baker's response that a merger is still possibile,
+  analysts said no one could be certain where the situation was
+  going.
+      "I think the merger is not going through," said Phil Pace,
+  analyst at Kidder, Peabody and Co. He said the merger "lost a
+  lot of its appeal" when the U.S. Department of Justice required
+  that Baker sell off its Reed Tool Co operation.
+      Although the Reed operation is relatively small in view of
+  the total size of a combined Baker-Hughes, Pace said "30 to 40
+  pct of the cost savings are tied up in that."
+      "They (Hughes) are obviously concerned about the lawsuit,"
+  said James Crandell, analyst at Salomon Brothers Inc.
+  "Apparently they are willing to continue discussions but
+  whether they will alter their position, I don't know.
+      "It's getting a little confusing," said James Carroll,
+  analyst at PaineWebber Group Inc. He said the arguments cited
+  by Hughes yesterday for not doing the merger "tend to be weak."
+  Hughes said yesterday that as a condition of the merger it
+  wanted Reed Tool and other businesses sold prior to April 22,
+  the projected merger date. A government decree allowed a longer
+  period of time.
+      Hughes contended it was better to formally combine the
+  companies with the status of Reed already settled. Baker
+  apparently sees no reason to speed up the sale.
+      Carroll said Baker had previously estimated 110 to 130 mln
+  dlrs in savings if the companies were combined without selling
+  Reed. But he said Baker now thinks 75 to 85 mln dlrs will be
+  saved while Hughes sees a saving of only 50 to 60 mln dlrs.
+      Carroll also noted that since the merger accord was first
+  signed "the outlook for the industry has improved materially."
+  Hughes may simply feel the pressure on the oil service industry
+  is lifting.
+  
+
diff --git a/reuters/training/2476 b/reuters/training/2476
new file mode 100644
index 0000000000000000000000000000000000000000..ef25814299b5c08bb637ba468fe9232d3c1d4934
--- /dev/null
+++ b/reuters/training/2476
@@ -0,0 +1,20 @@
+ARMTEK <ARM> SELLS TIRE, TRUCK TIRE BUSINESS
+  Armtek Corp, formerly known as
+  Armstrong Rubber Co, said it signed agreements with <Condere
+  Corp> for the sale of its Natchez, Miss. tire plant and its S
+  and A Truck Tire Sales and Services Corp.
+      Terms were not disclosed. Armtek spokesman John Sievers
+  said S and A is a 50 mln dlr business.
+      Earlier this week, Armtek announced the sale of its
+  industrial tire and assembly business division to Dyneer Corp
+  of Scotsdale, Ariz.
+      Cash proceeds from both sales will be used to reduce
+  outstanding debt.
+       Under a long term supply agreement with Condere, it is
+  anticipated that truck tires produced at the Natchez plant will
+  be supplied to the Armstrong Tire Co, an Armtek operating
+  company, the company said.
+      The closing is scheduled to be concluded by March 31, it
+  said.
+  
+
diff --git a/reuters/training/2478 b/reuters/training/2478
new file mode 100644
index 0000000000000000000000000000000000000000..02d9260b48e19fb8e9fbb9a22632f00893a3bc07
--- /dev/null
+++ b/reuters/training/2478
@@ -0,0 +1,10 @@
+ELXSI LTD <ELXSF> 4TH QTR LOSS
+  Shr loss four cts vs loss 34 cts
+      Net loss 2,922,000 vs loss 19.9 mln
+      Revs 4,071,000 vs 8,012,000
+      Year
+      Shr loss 23 cts vs loss 79 cts
+      Net loss 17.3 mln vs loss 46.2 mln
+      Revs 22.4 mln vs 28.6 mln
+  
+
diff --git a/reuters/training/2479 b/reuters/training/2479
new file mode 100644
index 0000000000000000000000000000000000000000..072d92acc15fd88933b79ac9936b9962842c539d
--- /dev/null
+++ b/reuters/training/2479
@@ -0,0 +1,8 @@
+<NEWSCOPE RESOURCES LTD> YEAR LOSS
+  Shr loss 94 cts vs profit 28 cts
+      Net loss 6,319,337 vs profit 1,702,016
+      Revs 2,899,513 vs 5,239,106
+      Note: 1986 net includes 5,250,000 dlr writedown of oil and
+  gas properties.
+  
+
diff --git a/reuters/training/248 b/reuters/training/248
new file mode 100644
index 0000000000000000000000000000000000000000..8166e3a9c36b7f00581aed2146ccf1a7c020030d
--- /dev/null
+++ b/reuters/training/248
@@ -0,0 +1,40 @@
+SAUDI ARABIA REITERATES COMMITMENT TO OPEC PACT
+  Saudi Arabian Oil Minister Hisham Nazer
+  reiterated the kingdom's commitment to last December's OPEC
+  accord to boost world oil prices and stabilise the market, the
+  official Saudi Press Agency SPA said.
+      Asked by the agency about the recent fall in free market
+  oil prices, Nazer said Saudi Arabia "is fully adhering by the
+  ... Accord and it will never sell its oil at prices below the
+  pronounced prices under any circumstance."
+      Nazer, quoted by SPA, said recent pressure on free market
+  prices "may be because of the end of the (northern hemisphere)
+  winter season and the glut in the market."
+      Saudi Arabia was a main architect of the December accord,
+  under which OPEC agreed to lower its total output ceiling by
+  7.25 pct to 15.8 mln barrels per day (bpd) and return to fixed
+  prices of around 18 dlrs a barrel.
+      The agreement followed a year of turmoil on oil markets,
+  which saw prices slump briefly to under 10 dlrs a barrel in
+  mid-1986 from about 30 dlrs in late 1985. Free market prices
+  are currently just over 16 dlrs.
+      Nazer was quoted by the SPA as saying Saudi Arabia's
+  adherence to the accord was shown clearly in the oil market.
+      He said contacts among members of OPEC showed they all
+  wanted to stick to the accord.
+      In Jamaica, OPEC President Rilwanu Lukman, who is also
+  Nigerian Oil Minister, said the group planned to stick with the
+  pricing agreement.
+      "We are aware of the negative forces trying to manipulate
+  the operations of the market, but we are satisfied that the
+  fundamentals exist for stable market conditions," he said.
+      Kuwait's Oil Minister, Sheikh Ali al-Khalifa al-Sabah, said
+  in remarks published in the emirate's daily Al-Qabas there were
+  no plans for an emergency OPEC meeting to review prices.
+      Traders and analysts in international oil markets estimate
+  OPEC is producing up to one mln bpd above the 15.8 mln ceiling.
+      They named Kuwait and the United Arab Emirates, along with
+  the much smaller producer Ecuador, among those producing above
+  quota. Sheikh Ali denied that Kuwait was over-producing.
+  
+
diff --git a/reuters/training/2480 b/reuters/training/2480
new file mode 100644
index 0000000000000000000000000000000000000000..29750d6c9216ea056d2345ae1626e2df67b5b388
--- /dev/null
+++ b/reuters/training/2480
@@ -0,0 +1,30 @@
+FERC ISSUES TAKE-OR-PAY GAS POLICY PLAN
+  The Federal Energy Regulatory
+  Commission (FERC) issued a proposed policy statement for the 
+  recovery of take-or-pay costs imposed by existing natural gas
+  contracts between producers and pipelines.
+      It put out the statement, by 5-0 vote, for a 30-day comment
+  period. It also put out an alternative policy statement by
+  Commissioner Charles Stalon.
+      FERC said in a press release that "the proposed policy
+  statement estblishes an exception to the commission's general
+  policy that take-or-pay buy-out and buy-down costs must be
+  recovered through pipeline' commodity sales rates."
+      FERC added that "specifically, in cases where pipelines
+  assume an equitable share of buy-out or buy-down costs, the
+  commission proposes to permit the pipelines to recover the
+  remaining costs through their demand rates."
+      It said it wanted guidelines for buying out and reforming
+  existing contracts to help spread the impact of these
+  take-or-pay costs in a responsible, fair and equitable way.
+      Commission chairwoman Martha Hesse said "this proposal
+  represents the commission's sincere attempt to help the
+  industry through this difficult period of transition to a more
+  competitive market."
+      Hesse said "it is my hope that our proposed policy will
+  encourage and guide the timely resolution of take-or-pay
+  contractual disputes that have impeded the industry's
+  transition to a more competitive environment.  It is vital to
+  the industry that we get this problem behind us."
+  
+
diff --git a/reuters/training/2482 b/reuters/training/2482
new file mode 100644
index 0000000000000000000000000000000000000000..b6630612720bccca3485c407f2d8eb69a7d8d3fb
--- /dev/null
+++ b/reuters/training/2482
@@ -0,0 +1,6 @@
+TIMES MIRROR CO <TMC> QUARTERLY DIVIDEND
+  Qtly div 41 cts vs 41 cts
+      Pay June 10
+      Record May 29
+  
+
diff --git a/reuters/training/2483 b/reuters/training/2483
new file mode 100644
index 0000000000000000000000000000000000000000..6f9877652cef605149cdbba5eaee9a3f3dcc5535
--- /dev/null
+++ b/reuters/training/2483
@@ -0,0 +1,16 @@
+INTER-CITY GAS CORP <ICG> 4TH QTR NET
+  Shr 36 cts vs 68 cts
+      Net 10.0 mln vs 16.1 mln
+      Revs 441.6 mln vs 470.8 mln
+      YEAR
+      Shr 86 cts vs 1.77 dlrs
+      Net 29.1 mln vs 44.1 mln
+      Revs 1.43 billion vs 1.54 billion
+      Note: 1986 fl-yr net includes 9.3 mln dlr writedown of U.S.
+  oil and gas properties partly offset by 1.1 mln dlr
+  extraordinary gain from tax gains and proceeds from sale of
+  Minnesota utility operations. 1985 net includes extraordinary
+  gain of 892,000 dlrs.
+      Shr after preferred divs.
+  
+
diff --git a/reuters/training/2484 b/reuters/training/2484
new file mode 100644
index 0000000000000000000000000000000000000000..87567dffbd95a2cbb20083e27b38855a3b3923df
--- /dev/null
+++ b/reuters/training/2484
@@ -0,0 +1,12 @@
+BROWN TRANSPORT CO INC <BTCI> 4TH QTR NET
+  Shr profit 26 cts vs profit 10 cts
+      Net profit 1,371,000 vs profit 482,000
+      Revs 48 mln vs 45.7 mln
+      Avg shrs 5.20 mln vs 5.15 mln
+      12 mths
+      Shr profit 1.05 dlrs vs loss 34 cts
+      Net profit 5,454,000 vs loss 1,766,000
+      Revs 191.7 mln vs 185.2 mln
+      Avg shrs 5.20 mln vs 5.15 mln
+  
+
diff --git a/reuters/training/2488 b/reuters/training/2488
new file mode 100644
index 0000000000000000000000000000000000000000..3116e477630fd5d5f75948d51476b3e25fd40da4
--- /dev/null
+++ b/reuters/training/2488
@@ -0,0 +1,8 @@
+METRO MOBILE CTS INC <MMCT> FIRST QTR LOSS
+  Qtr ends Dec 31
+      Shr loss 33 cts vs loss 16 cts
+      Net loss 5,632,426 vs loss 2,373,358
+      Revs 3,277,976 vs 1,535,550
+      Avg shrs 16.9 mln vs 14.4 mln
+  
+
diff --git a/reuters/training/249 b/reuters/training/249
new file mode 100644
index 0000000000000000000000000000000000000000..e76d37195b542047b43deed9a5e9ff18f1376075
--- /dev/null
+++ b/reuters/training/249
@@ -0,0 +1,21 @@
+COFFEE QUOTA TALKS CONTINUE, NO ACCORD SEEN LIKELY
+  The International Coffee Organization
+  (ICO ) council talks on reintroducing export quotas continued
+  with an extended session lasting late into Sunday night, but
+  delegates said prospects for an accord between producers and
+  consumers were diminishing by the minute.
+      The special meeting, called to stop the prolonged slide in
+  coffee prices, was likely to adjourn sometime tonight without
+  agreement, delegates said.
+      The council is expected to agree to reconvene either within
+  the next six weeks or in September, they said.
+      The talks foundered on Sunday afternoon when it became
+  apparent consumers and producers could not compromise on the
+  formula for calculating any future quota system, delegates
+  said.
+      Coffee export quotas were suspended a year ago when prices
+  soared in response to a drought which cut Brazil's crop by
+  nearly two-thirds. Brazil is the world's largest coffee
+  producer and exporter.
+  
+
diff --git a/reuters/training/2490 b/reuters/training/2490
new file mode 100644
index 0000000000000000000000000000000000000000..8cc0a5927bee76833a8b76c6a44f8017de32f348
--- /dev/null
+++ b/reuters/training/2490
@@ -0,0 +1,7 @@
+<SPAR AEROSPACE LTD> YEAR NET
+  Shr basic 42 cts vs 1.41 dlrs
+      Shr diluted 42 cts vs 1.33 dlrs
+      Net 4,394,000 vs 13,070,000
+      Revs 191.0 mln vs 223.3 mln
+  
+
diff --git a/reuters/training/2491 b/reuters/training/2491
new file mode 100644
index 0000000000000000000000000000000000000000..4b6034ea63ccb695ad2c596e46c481e24327d0ae
--- /dev/null
+++ b/reuters/training/2491
@@ -0,0 +1,27 @@
+PESCH UNIT SEEKS BALANCE OF REPUBLIC HEALTH
+  Alpha Health Systems Corp, a
+  wholly-owned subsidiary of Pesch and Co, said it submitted a
+  merger proposal to the board of REPH Acquisition Co, the parent
+  company of Republic Health Corp, which is 64 pct owned by Pesch
+  interests.
+      The balance of REPH's common stock is owned by members of
+  Republic management, McDonnell Douglas Corp <MD>, Donaldson,
+  Lufkin and Jenrette and Pacific Asset Holdings L.P.
+      Republic currently owns 44 hospitals and manages 46 other
+  facilities, in 25 states.
+      Details of the proposal were not disclosed.  Company
+  representatives were not immediately available.
+      The proposal provides that REPH would become a wholly-owned
+  subsidiary of Alpha and that the existing REPH common
+  stockholders would become stockholders of Alpha, it said.
+      REPH's board has appointed a special committee to negotiate
+  terms of the proposed merger, Pesch said.
+      Last year, Republic was acquired by REPH in a leveraged
+  buyout transaction led by Dr. LeRoy Pesch, the principal
+  shareholder of Pesch and Co.
+      Alpha recently submitted a second offer to acquire the
+  stock of American Medical International Inc (AMI) at 22 dlrs a
+  share in cash and securities, which is still being considered
+  by American Medical's board, Pesch said.
+  
+
diff --git a/reuters/training/2492 b/reuters/training/2492
new file mode 100644
index 0000000000000000000000000000000000000000..1167aa86cff0c48c4899b2a4a65f9f1ab101a816
--- /dev/null
+++ b/reuters/training/2492
@@ -0,0 +1,23 @@
+SPAR SEES SEES STRONG FIVE-YEAR GROWTH
+  <Spar Aerospace Ltd>, reporting a
+  sharply lower 1986 profit, said it anticipated solid profit and
+  revenue growth during the next five years.
+      "Looking to the longer term, Spar is confident that its
+  continuing concentration on advanced robotics, satellite-based
+  communications and electro-optical defense systems will lead to
+  significant growth in revenues and earnings over the next five
+  years," the company said.
+      It also forecast higher 1987 sales due to an increased
+  order backlog. Revenues last year fell to 191 mln dlrs from
+  223.3 mln while profit fell to 4.4 mln dlrs from 13.1 mln.
+      Spar added that lower development costs in the
+  communications group and a return to normal operations in gears
+  and transmissions and aviation services "will remove a serious
+  drain on profits" this year.
+      It attributed its reduced 1986 earnings to communications
+  group losses resulting from continued heavy investment in new
+  products and market development, a four-month strike at its
+  Toronto plants and delays in receipt of authorization from
+  customers to start work on new programs.
+  
+
diff --git a/reuters/training/2494 b/reuters/training/2494
new file mode 100644
index 0000000000000000000000000000000000000000..6a0c9562d5b6d733468433583e598e8ab49d1c41
--- /dev/null
+++ b/reuters/training/2494
@@ -0,0 +1,6 @@
+CHESAPEAKE UTILITIES CORP <CHPK> REGULAR DIV
+  Qtly div 28-3/4 cts vs 28-3/4 cts prior
+      Pay April three
+      Record March 13
+  
+
diff --git a/reuters/training/2495 b/reuters/training/2495
new file mode 100644
index 0000000000000000000000000000000000000000..13ccc946a53ed80b71b0198f959a815d1b151774
--- /dev/null
+++ b/reuters/training/2495
@@ -0,0 +1,20 @@
+MEATPACKERS REJECT OCCIDENTAL <OXY> UNIT OFFER
+  United Food and Commercial Workers Union
+  Local 222 rejected a new contract proposal from Iowa Beef
+  Processors Inc and remain out of work, union spokesman Allen
+  Zack said.
+      In mid-December, Iowa Beef, a subsidiary of Occidental
+  Petroleum Corp, closed its beef processing plant at Dakota
+  City, Nebraska, because it said "it had no alternative to
+  threats by meatpackers to disrupt operations."
+      About 2,800 UFCWU members are affected by what the union
+  terms as a lockout.  A 3-1/2 year labor contract at the plant
+  expired December 13.
+      Zack said IBP's proposal included elimination of a two-tier
+  wage structure, a 60 cent an hour wage cut for slaughterers and
+  a 45 cent an hour wage reduction for processors.
+      The new proposal also included a bonus system of 1,000 dlrs
+  for workers who had been at the plant for two years, Zack said.
+  The annual turnover rate at the facility is 100 pct, he said.
+  
+
diff --git a/reuters/training/2496 b/reuters/training/2496
new file mode 100644
index 0000000000000000000000000000000000000000..d72b68e0f3da50b8447246dbeedc0a4984dd5f21
--- /dev/null
+++ b/reuters/training/2496
@@ -0,0 +1,6 @@
+SWIFT INDEPENDENT PACKING CO <SFTPr> 1ST QTR NET
+  Periods ended January 31
+      Net 1,443,000 vs 3,539,000
+      Revs 765.2 mln vs 685.8 mln
+  
+
diff --git a/reuters/training/2497 b/reuters/training/2497
new file mode 100644
index 0000000000000000000000000000000000000000..5ae8a9ee1e515d3470f851c6a01340a22ab8cb95
--- /dev/null
+++ b/reuters/training/2497
@@ -0,0 +1,5 @@
+CHEMLAWN SAYS IT REJECTS 27 DLRS PER SHARE TENDER OFFER FROM WASTE MANAGEMENT
+
+  CHEMLAWN SAYS IT REJECTS 27 DLRS PER SHARE TENDER OFFER FROM WASTE MANAGEMENT
+  
+
diff --git a/reuters/training/2499 b/reuters/training/2499
new file mode 100644
index 0000000000000000000000000000000000000000..ac7ce6f6c4bb1461cfd0a716b2dc7906b78b593f
--- /dev/null
+++ b/reuters/training/2499
@@ -0,0 +1,17 @@
+FRANCE, YUGOSLAVIA COMMISSION TO BOOST TRADE
+  France and Yugoslavia agreed to set up a
+  joint economic commission as part of efforts to promote
+  commercial links and industrial cooperation between the two
+  countries.
+      The French Finance Ministry said the commission, to be
+  composed of businessmen, was agreed during talks between
+  Foreign Trade Minister Michel Noir and Yugoslavian minister
+  without portfolio Egon Padovan.
+      A ministry statement said both sides had agreed on the need
+  to boost trade links in keeping with an accord signed last year
+  calling for a 50 pct rise in commercial exchanges between the
+  two countries over the next six years.
+      French trade with Yugoslavia has grown little over the past
+  two years.
+  
+
diff --git a/reuters/training/2500 b/reuters/training/2500
new file mode 100644
index 0000000000000000000000000000000000000000..38a7d4a0dec2570ceeb2330107a144d7b9f91bb3
--- /dev/null
+++ b/reuters/training/2500
@@ -0,0 +1,50 @@
+CHEMLAWN <CHEM> REJECTS WASTE'S <WMX> OFFER
+  ChemLawn Corp said its board
+  rejected Waste Management Inc's 27 dlr-per-share tender offer
+  and urged its shareholders not to tender their shares.
+      ChemLawn said its board asked management and its financial
+  advisor, Smith Barney, Harris Upham And Co Inc, to seek other
+  purchasers of the company to maximize shareholder value.
+      ChemLawn also said it adopted a shareholder rights plan, or
+  "poison pill," during a 120-intermin safeguard period its board
+  adopted to deter attempts to acquire the company through any
+  means other than an all-cash tender offer while it seeks other
+  purchasers.
+      ChemLawn also said it began litigation against Waste
+  Management in federal court in Columbus, seeking injunctive and
+  other relief.
+      The suit alleges, among other things, that certain Waste
+  Management officers and directors purchased ChemLawn's stock
+  before making the tender offer. ChemLawn claimed such purchases
+  possibly violated the officers' fiduciary duties and the
+  Securities and Exchange Commission's insider trading rules.
+      Last week, Waste Management made a tender offer to acquire
+  ChemLawn for 27 dlrs per share or 270 mln dlrs.
+      ChemLawn said its board was determined that Waste's offer
+  was inadequate and not in the best interest of shareholders,
+  and could "adversely affect" the interests of its employees,
+  suppliers, creditors, and customers.
+      "Our board carefully reviewed Waste Management offer and
+  concluded that it does not fully reflect the value of the
+  company. We strongly urge our shareholders not to tender their
+  shares to Waste Management," said Chairman L. Jack Van Fossen.
+      ChemLawn said its rights plan is designed to protect
+  shareholders against abusive tactics, such as "market
+  accumulations by Waste Management or others."
+      Under the plan, one comon stock purchase right will be
+  distributed as a dividend on each outstanding share of ChemLawn
+  common.
+      ChemLawn said its rights holders can buy a share of its
+  common for one dlr if any entity acquires 25 pct or more of its
+  commmon, other than by an all cash tender offer for all its
+  shares or an approved acquisition agreement by its board.
+      It said the rights expire July three 1987, or 60 days after
+  they become exercisable if later than that date. It said its
+  board may redeem the rights for five cts per right any time
+  prior to their exercise date.
+      ChemLawn said the plan will not be triggered by purchases
+  purusant to Waste Management's present tender offer.
+      It said the dividend will be paid to shareholders of record
+  March 20.
+  
+
diff --git a/reuters/training/2504 b/reuters/training/2504
new file mode 100644
index 0000000000000000000000000000000000000000..6d003d61b136d8376d620f40d6fc95656c0f8091
--- /dev/null
+++ b/reuters/training/2504
@@ -0,0 +1,6 @@
+(CAMBIOR INC) FIVE MTHS DEC 31 NET
+  Shr 39 cts vs not given
+      Net 8,801,000 vs not given
+      Revs 33.2 mln vs not given
+  
+
diff --git a/reuters/training/2505 b/reuters/training/2505
new file mode 100644
index 0000000000000000000000000000000000000000..8552198bb282c81b796bc3b208479cf190c08fe1
--- /dev/null
+++ b/reuters/training/2505
@@ -0,0 +1,23 @@
+CONAGRA <CAG> TO ACQUIRE MONFORT <MMFT>
+  ConAgra Inc agreed to acquire
+  Monfort of Colorado Inc in a stock transaction, both companies
+  said.
+      According to the letter of intent signed by the companies,
+  ConAgra will acquire all of Monfort's 4.3 mln outstanding
+  shares for 10.75 mln of its own shares.
+      Based on ConAgra's closing price of 34 dlrs today, the
+  transaction is worth about 356.5 mln dlrs. The merger is
+  expected to be completed in June, they said.
+      The companies said the acquisition will result in a
+  restatement of ConAgra's earnings for the fiscal year ending
+  May 31, but the restatement is not expected to materially
+  change the previously reported, or upcoming, fiscal year-end
+  earnings. In fiscal 1986, ConAgra had net income of 105.3 mln
+  dlrs on sales of 5.9 billion dlrs.
+      For its fiscal year ending August 1986, Monfort reported
+  25.1 mln dlrs in earnings on sales of 1.6 billion dlrs. The
+  company is one of the largest lamb and beef producers in the
+  U.S., producing, transporting and selling the products
+  domestically and internationally.
+  
+
diff --git a/reuters/training/2508 b/reuters/training/2508
new file mode 100644
index 0000000000000000000000000000000000000000..229298ba4147b27a90f395107ee46480263c5b16
--- /dev/null
+++ b/reuters/training/2508
@@ -0,0 +1,51 @@
+HOUSE 0/92 PLAN SEEN SCALED-BACK TO 1987 WHEAT
+  Key members of the House Agriculture
+  committee have agreed to scale-back the 0/92 provision of a
+  pending disaster aid bill to cover only 1987 crop wheat, but a
+  broader 0/92 proposal is likely to be resurrected later,
+  Congressional sources said.
+      The sources said key lawmakers including Reps. Glenn
+  English (D-Okla.), and Dan Glickman (D-Kan.) agreed to support
+  an amendment to be offered next week by Rep. Charles Stenholm
+  (D-Tex.) which would limit 0/92 only to producers of 1987 crop
+  winter and spring wheat.
+      This would scale-back the 0/92 provision to the original
+  proposal by English allowing a pilot 0/92 program for 1987
+  wheat only. That provision was later broadened by the
+  subcommittee to include 1988 crop winter wheat.
+      Under 0/92, a farmer can forego planting a crop but still
+  collect 92 pct of deficiency payments.
+      Earlier today, the House Agriculture committee postponed
+  until next Tuesday a meeting to consider the disaster aid bill
+  and 0/92.
+      The agreement to limit 0/92 to a wheat pilot program
+  follows vocal criticism of the proposal by some influential
+  farm groups who are concerned about the major impact of 0/92,
+  and by members of Congress wary of reopening the farm bill.
+      Congressional sources said there has not been enough time
+  to study the implications of a broad 0/92.
+      "The timing (of the proposal) is off," said one aide to a
+  House Agriculture committee member.
+      However, several Congressional sources said they expect a
+  broader 0/92 provision to emerge again when the House
+  Agriculture committee is faced next month with the need to make
+  spending cuts in the agriculture budget for fiscal 1988 as part
+  of an overall deficit reduction package.
+      Gene Moos, aide to House Majority leader Tom Foley
+  (D-Wash.), predicted agriculture's share of budget cuts may
+  exceed one billion dlrs.
+      A broader 0/92 might be resurrected later because both the
+  Congressional Budget Office and the Reagan administration
+  estimate it would result in significant budget savings.
+      A U.S. Agriculture Department official said 0/92 for all
+  1987 crops would save 300 to 400 mln dlrs and more than 1.5
+  billion dlrs over five years.
+      Another factor which could affect the 0/92 debate is the
+  approach of planting season, Congressional sources said.
+      Some officials said it already is late for implementation
+  of a 0/92 in 1987 because farm program signup ends March 31 for
+  wheat and feedgrains.
+      If Congress approved 0/92 later in the year sign-up either
+  would have to be extended or reopened, sources said.
+  
+
diff --git a/reuters/training/2511 b/reuters/training/2511
new file mode 100644
index 0000000000000000000000000000000000000000..5675c8f3d2b8eb84ceef1c89ebc2c0fdb7bd563a
--- /dev/null
+++ b/reuters/training/2511
@@ -0,0 +1,23 @@
+FAVORED TRADE STATUS FOR MOSCOW STILL OPPOSED
+  The Reagan administration wants to
+  encourage expanded trade with the Soviet Union but does not
+  believe Moscow yet warrants most-favored-nation treatment,
+  Deputy Secretary of State John Whitehead said.
+      "It seems to me that more trade between us is better than
+  less trade," he told a forum on U.S.-Soviet trade relations.
+      To that end, the administration in January allowed foreign
+  policy controls on the export of oil and gas equipment to the
+  Soviet Union to lapse, he said.
+      Also, Washington and its allies are reviewing remaining
+  export controls in hopes of simplifying the list of prohibited
+  items and speeding up the licensing process, he said.
+      Whitehead said, however, the prefential treatment that
+  comes with most-favored-nation status is out for the moment.
+      U.S. law prohibits most-favored-nation status for countries
+  that restrict emigration and other rights.
+      "What we have seen so far (in improved rights under Soviet
+  Leader Mikhail Gorbachev) are promising trends," he said.
+      But, he added: "We don't know if they will continue, we
+  don't know how significant they will be."
+  
+
diff --git a/reuters/training/2512 b/reuters/training/2512
new file mode 100644
index 0000000000000000000000000000000000000000..455d4bcb2813b4d9b609c704e97b041983124eb3
--- /dev/null
+++ b/reuters/training/2512
@@ -0,0 +1,13 @@
+MCDONNELL DOUGLAS <MD> NOT APPROACHED BY PESCH
+  McDonnell Douglas Corp, which has a five
+  mln dlr investment in Republic Health Corp <REPH>, said it has
+  not been approached to sell its shares in Republic Health.
+      Earlier, Alpha Health Systems Corp, a unit of Pesch and Co,
+  said it submitted a merger proposal to the board of REPH
+  Acquisition Co, the parent of Republic Health. LeRoy A. Pesch
+  is the principal stockholder of Pesch.
+      "We have not been approached by Mr. Pesch or anybody else
+  with respect to our holdings" in Republic Health, a McDonnell
+  Douglas spokesman told Reuters.
+  
+
diff --git a/reuters/training/2513 b/reuters/training/2513
new file mode 100644
index 0000000000000000000000000000000000000000..a48a702fb3b775c995b2a78def89c6d97ff94e5c
--- /dev/null
+++ b/reuters/training/2513
@@ -0,0 +1,54 @@
+PARADYNE <PDN> PLEADS GUILTY TO CRIMINAL CHARGE
+  Paradyne Corp said it pleaded guilty
+  to criminal charges of conspiracy to defraud the Social
+  Security Administration and agreed to pay 1.2 mln dlrs in fines
+  and costs to the U.S. Government.
+      The company also reached agreements in principle for an 8.1
+  mln dlr settlement of class action law suits.
+      About 2.9 mln dlrs of the class action settlement will be
+  provided by Paradyne's insurance carrier. The settlement is
+  contingent on court approval after notice to class members, it
+  said.
+       The criminal case settlement dismisses all charges
+  including bribery and false statement, except for conspiracy to
+  which Paradyne pleaded guilty.
+      The criminal settlement includes the lifting of the
+  government's suspension, the dismissal of the federal civil
+  false claims suit and all charges against the individuals.
+      Of the 2.9 mln dlrs the insurance carrier will provide for
+  the civil settlement, 750,000 dlrs will go to settle a
+  derivative lawsuit.
+      For the year ended December 31, Paradyne reported a net
+  loss of 38.5 mln dlrs. The year-end results include an 8.0 mln
+  dlrs provision for future legal and or settlement costs to
+  cover the civil and criminal settlements announced today.
+      Paradyne also said it named Jerry Kendall as president and
+  chief executive officer, succeeding Robert Wiggins who resigned
+  as chairman and chief executive officer as part of the
+  settlement of the indictment.
+      Kendall formerly served as executive vice president and
+  chief operating officer.
+      The company also said that due to the sluggish marketplace,
+  it does not expect to be profitable in the first quarter but is
+  optimistic about the outlook for the year.
+      For the first quarter of 1986, the company reported net
+  income of 875,000 dlrs on sales of 66.0 mln dlrs.
+      Wiggins was among five Paradyine executives who were
+  charged along with three former officers in a 1985 federal
+  indictment stemming from a 115 mln contract awarded to Paradyne
+  in 1981 to build a computer network for the Social Security
+  Administration.
+      The men were accused of conspiring to bribe government
+  officials and defaud the Social Security Administration.
+  Wiggins and other defendants were also charged with providing
+  false testimony and obstructing justice during a Securities and
+  Exchange Commission investigation.
+   
+     Under the settlement announced today, federal prosecutors
+  agreed to defer all charges against Wiggins and three other
+  defendants under a one-year pretrial agreement.
+      The charges would then be dropped if the defendants
+  successfully complete the probation period. Details of the
+  requirements in the agreement were not immediately available.
+  
+
diff --git a/reuters/training/2515 b/reuters/training/2515
new file mode 100644
index 0000000000000000000000000000000000000000..2c7284a3944225eee968e597077c7941f1159352
--- /dev/null
+++ b/reuters/training/2515
@@ -0,0 +1,14 @@
+SOUTH AFRICAN FIRM TO CONTINUE TESTS
+  South Africa's state-owned energy
+  firm Soekor said it would continue tests after striking oil
+  some 120 kms (75 miles) south-southwest of Mossel Bay.
+      During production tests, about 5,000 barrels of oil and
+  five mln cubic feet of gas per day were produced, it said.
+      "This oil discovery will be followed-up as soon as possible
+  by further seismic surveys and drilling. Should further
+  drilling and tests in the area yield positive results oil
+  production from a floating platform could be considered."
+      Director General of Mineral and Energy Affairs Louw Alberts
+  announced the strike earlier but said it was uneconomic.
+  
+
diff --git a/reuters/training/2517 b/reuters/training/2517
new file mode 100644
index 0000000000000000000000000000000000000000..eec567a25832e7193b9f77312a367fb7ae354dac
--- /dev/null
+++ b/reuters/training/2517
@@ -0,0 +1,14 @@
+GREECE REPEATS IT CAN DECIDE ON AEGEAN DRILLING
+  Greece, replying to a warning from Turkey
+  that it will stop Athens from seeking oil in the Aegean Sea,
+  repeated today that it has an exclusive right to decide where
+  or when to drill in the area.
+      A government spokesman said in a statement that if Ankara
+  believed Greece was contravening international law, it could
+  bring the issue before the courts.
+      The spokesman was responding to a statement by Turkish
+  Foreign Ministry spokesman Yalim Eralp that Ankara would take
+  action to stop Greece's oil activities beyond its territorial
+  waters as they were a violation of the 1976 Berne accord.
+  
+
diff --git a/reuters/training/2518 b/reuters/training/2518
new file mode 100644
index 0000000000000000000000000000000000000000..1d9b9321cb922113e13f0017f586ddfaef5e5079
--- /dev/null
+++ b/reuters/training/2518
@@ -0,0 +1,10 @@
+NCA CORP <NCAC> 4TH QTR LOSS
+  Shr loss 45 cts vs loss 1.34 dlrs
+      Net loss 1,240,000 vs loss 3,621,000
+      Revs 6,264,000 vs 4,626,000
+      Year
+      Shr loss 90 cts vs loss 2.01 dlrs
+      Net loss 2,487,000 vs loss 5,406,000
+      Revs 20.8 mln vs 21.7 mln
+  
+
diff --git a/reuters/training/2519 b/reuters/training/2519
new file mode 100644
index 0000000000000000000000000000000000000000..691db8aa15ebbf538a00104c7a8a070e8b1ed96c
--- /dev/null
+++ b/reuters/training/2519
@@ -0,0 +1,10 @@
+BIOMEDICAL DYNAMICS CORP <BMDC> 4TH QTR NET
+  Shr profit one ct vs loss two cts
+      Net profit 52,405 vs loss 67,967
+      Sales 289,572 vs 188,713
+      Year
+      Shr loss one cts vs loss five cts
+      Net loss 51,019 vs loss 201,680
+      Sales 1.1 mln vs 490,935
+  
+
diff --git a/reuters/training/2520 b/reuters/training/2520
new file mode 100644
index 0000000000000000000000000000000000000000..a1eeb51b073f4cdd47def6625ab8b4fba2da6bca
--- /dev/null
+++ b/reuters/training/2520
@@ -0,0 +1,24 @@
+SANTA FE SOUTHERN PACIFIC APPEALS MERGER RULING
+  Santa Fe Southern Pacific Corp will
+  later today formally ask the U.S. Interstate Commerce
+  Commission (ICC) to reconsider its earlier rejection of the
+  merger of the holding company's railroad assets, a company
+  spokesman said.
+      "We expect to file papers late tonight" asking the ICC to
+  reopen the rail merger case, spokesman Rich Hall said in a
+  telephone interview from the company's Chicago headquarters.
+      The ICC had rejected in July, on grounds it would reduce
+  competition, the merger of the Santa Fe and Southern Pacific
+  Railroads.
+      The deadline for seeking ICC reconsideration of the merger
+  plan is midnight tonight.
+      Santa Fe Southern Pacific owns the Santa Fe railroad and
+  holds the Southern Pacific railroad assets in trust while
+  awaiting federal approval of the merger plan.
+      The ICC had ordered the holding company to divest one or
+  the other railroad but stayed its ruling pending a decision on
+  the request for reconsideration.
+      If the ICC ultimately decides not to reopen the case, it is
+  expected to reinstate the divestiture order.
+  
+
diff --git a/reuters/training/2521 b/reuters/training/2521
new file mode 100644
index 0000000000000000000000000000000000000000..ce2c1697581f4565af4aa2cf74566830fb3ff48d
--- /dev/null
+++ b/reuters/training/2521
@@ -0,0 +1,112 @@
+BRAZIL DEBT SEEN PARTNER TO HARD SELL TACTICS
+  Brazil's recent announcement of a
+  suspension in interest payments on 68 billion dlrs of foreign
+  debt gave the banking system the jitters and confirmed views
+  among many international economists and commodities analysts
+  that Brazil will continue to flex its trading muscles in 1987.
+      The developing world's most indebted nation is also its
+  most prolific exporter of agricultural commodities such as
+  coffee and soybeans, and might maximize foreign exchange
+  revenue by selling hard on world markets, economists said.
+      "That sounds like a reasonable strategy. But there is no
+  way they can trade their way out of this situation," Aldo
+  Roldan, Vice President for International Services at Chase
+  Econometrics, said.
+      Roldan told Reuters that Brazil not only had to tackle the
+  problems of satisfying domestic demand and competing on glutted
+  world markets, but also had to work to make its position on
+  foreign exchange markets more profitable.
+      "Domestic costs have increased (due to inflation) and
+  exporters have not had the same offsetting movement in exchange
+  rates," Roldan said.
+      The Chase economist also said commodities markets were
+  depressed and generally did not appear very promising for a
+  country like Brazil, where pure commodities account for some 50
+  pct of exports and in 1986 had a total value of around 23
+  billion dlrs.
+      But he added: "They are always pretty aggressive and they
+  have good foreign marketing channels."
+      Analysts said a key factor in Brazilian trade will be
+  coffee, and even without background pressure from foreign
+  creditors the world's largest producer was expected to hit the
+  market this year with a vengeance.
+      Negotiations between International Coffee Organization
+  (ICO) members to re-establish producer export quotas broke up
+  earlier this week with major producers and consumers accusing
+  each other of intransigence.
+      "Brazil would not tolerate a change in ICO regulations,
+  which others wanted changed," one senior coffee dealer said.
+      The dealer, who declined to be named, said Brazil wanted to
+  preserve its market share. At the end of the talks, he said
+  Brazil hinted it could sell more than anyone else and others
+  would suffer.
+      Brazil will be an aggressive seller under any scenario but
+  as yet there is no sign of unusually heavy Brazilian sales, the
+  dealer said.
+      "If they do come into the market at this level it will go
+  lower and you could breach a dollar, ninety or eighty cents,"
+  he said.
+      New York coffee futures for May delivery settled 2.29 cents
+  lower Thursday at 104.68 cents a lb, while more distant
+  deliveries fell the six-cent maximum trading limit.
+      President of the Brazilian Coffee Institute, Jorio Dauster
+  told a press conference in Rio de Janeiro today that Brazil has
+  no set target for its coffee exports following the breakdown of
+  the ICO talks on export quotas.
+      Many economists and analysts believe soybeans could be the
+  focus of possible stepped-up Brazilian marketing efforts. "They
+  will be more aggressive this year than they have ever been,"
+  according to Richard Loewy, analyst for Prudential-Bache
+  Securities Inc.
+      Loewy believes the foreign debt problem, a good crop, plus
+  difficulties with storage would help motivate selling of the
+  Brazil soybean crop. "Brazilian farmers also need cash flow and
+  they can't afford to store the crops," he said.
+      The Chicago soybean complex has been nervous for some time
+  about large South American crops developing under near ideal
+  conditions towards record yields.
+      "We are going to see a very rapid decline, earlier than
+  usual, this year in our (U.S.) exports," Loewy said.
+      Tommy Eshleman, economist for the American Soybean
+  Association (ASA), said this year's Brazilian soybean harvest
+  could total 18 mln tonnes, versus 13.7 mln last year.
+      Marketings will be very aggressive this summer when prices
+  are usually high relative to the rest of the year due to the
+  vulnerability of the U.S. crop to bad growing weather.
+      Another incentive to sell might be trade anticipation of a
+  reduction in the U.S. government soybean loan rate, offered to
+  farmers who give crops as collateral, Eshleman said.
+      He said there has been some uncertainty this year about the
+  soybean loan rate, which acts as an effective floor for prices
+  by keeping supplies away from the free market. Farmers can
+  forfeit their beans to the government rather than repay the
+  loan.
+      "We're getting into a period when they (Brazil) are
+  starting to harvest and starting to export," Eshleman said. But
+  he added it will be a while before U.S. exports fall to below
+  10 mln bushels a week from around 20 mln bushels currently.
+      Jose Melicias from the research department of Drexel
+  Burnham Lambert said Brazil would be trying to export as much
+  as it can this year because of its economic situation.
+      He said the debt situation was a major consideration. "The
+  Brazilian government also does not have enough money to pay for
+  storage," he added.
+      Asked if a return to an inflationary environment in Brazil
+  would make farmers inclined to hold onto crops, Melicias said
+  it would not make a big difference.
+      On other commodity markets, Brazil's selling impact may be
+  muted no matter its need to generate capital.
+      Brazil is faced with a poor 1986/87 sugar harvest, which
+  could limit exports to the world market, analysts said. The
+  country may have oversold and be unable to honor export
+  commitments, and this plus higher domestic demand caused by
+  consumer price subsidies on ethanol and refined sugar, will
+  give it little room to stretch exports, they said.
+      Brazil's other major crop, cocoa, is in its third year of
+  surplus. "Cocoa consumption is basically flat and last year it
+  fell, so I don't think they can start throwing out cocoa and
+  find many more markets for it," one analyst said.
+      "If they come out as aggressive sellers, the market would
+  collapse and they can't afford to do that," she added.
+  
+
diff --git a/reuters/training/2522 b/reuters/training/2522
new file mode 100644
index 0000000000000000000000000000000000000000..fee34e181699f27739ac6474c896dc35f768a9e1
--- /dev/null
+++ b/reuters/training/2522
@@ -0,0 +1,61 @@
+IEA SAYS OPEC FEBRUARY CRUDE OUTPUT 16.1 MLN BPD
+  OPEC produced an average 16.1 mln barrels
+  per day (bpd) of crude oil in February, down from 16.5 mln the
+  previous month and an overall 17.3 mln bpd in fourth quarter
+  1986, the International Energy Agency said.
+      A few OPEC countries last month exceeded the production
+  quotas set at their last conference in December, but liftings
+  were reduced from several countries, it said in its latest
+  monthly oil market report.
+      These cutbacks were due in part to buyer resistance to
+  fixed prices, introduced from February 1, particularly for
+  fixed volumes over an extended period.
+      It gave this breakdown for OPEC crude output, in mln bpd
+                      FOURTH QTR 1986  JANUARY 1987  FEBRUARY
+  1987
+      SAUDI ARABIA    4.9              3.7           3.8
+      IRAN            1.6              2.2           1.9
+      IRAQ            1.6              1.6           1.7
+      UAE             1.3              1.2           1.2
+      KUWAIT          1.0              1.0           1.0
+      NEUTRAL ZONE    0.5              0.4           0.4
+      QATAR           0.3              0.3           0.2
+      NIGERIA         1.3              1.2           1.2
+      LIBYA           1.0              1.0           1.0
+                      FOURTH QTR 1986  JANUARY 1987  FEBRUARY
+  1987
+      ALGERIA         0.6              0.6           0.6
+      GABON           0.1              0.2           0.2
+      VENEZUELA       1.6              1.6           1.6
+      ECUADOR         0.2              0.2           0.2
+      INDONESIA       1.3              1.2           1.2
+      TOTAL           17.3             16.5          16.1
+      The IEA said while Saudi production stayed below its quota
+  of 4.133 mln bpd, actual sales might exceed output due to
+  Norbec stock disposals. Contracts for Saudi crude have been
+  signed, but it is understood they have much leeway in required
+  liftings.
+      The report said the reduction in Iraqi air attacks on
+  Iranian export facilities allowed Iran's output to reach 2.2
+  mln bpd in January, but buyer resistance to fixed prices
+  apparently cut February production.
+      It said Iraqi exports are about 1.0 mln bpd through the
+  Turkish pipeline, 0.1-0.2 mln by truck through Jordan and
+  0.2-0.3 mln via the Saudi pipeline to Yanbu. Internal
+  consumption is some 0.3 mln bpd.
+      The IEA estimated total non-communist world oil supply in
+  February at 45.0 mln bpd, down from 45.4 mln in January and
+  47.0 mln in the fourth quarter.
+      The February world supply figure is made up of 16.1 mln bpd
+  OPEC crude production, 1.4 mln bpd OPEC natural gas liquids
+  (ngls), 16.6 mln bpd OECD crude and ngls, 8.3 mln bpd other
+  developing countries' crude and ngls, net trade of 1.1 mln bpd
+  with centrally planned economies, 0.5 mln bpd of
+  non-conventional crudes (such as tar sands and oil from coal)
+  and 1.0 mln bpd from processiing gains.
+      Within the OECD, preliminary Norwegian data show record
+  1.06 mln bpd output in January, with lower production expected
+  in February in accordance with government curtailments of
+  approximately 80,000 bpd, announced in support of OPEC.
+  
+
diff --git a/reuters/training/2524 b/reuters/training/2524
new file mode 100644
index 0000000000000000000000000000000000000000..92e00e123148543e9bcf2077eb1aa70eaaa0e441
--- /dev/null
+++ b/reuters/training/2524
@@ -0,0 +1,11 @@
+U.S. SENATE GROUP URGES SUBSIDIES FOR USSR
+  A majority of the Senate Agriculture
+  Committee urged President Reagan to reverse his opposition to
+  export subsidies to the Soviet Union as a way to get its
+  negotiators to purchase some 500 mln dlrs in American wheat.
+      The group, led by committee chairman Patrick Leahy, a
+  Vermont Democrat, urged Reagan to step up negotiations with the
+  Soviet Union by providing export subsidies to help U.S.
+  farmers.
+  
+
diff --git a/reuters/training/2526 b/reuters/training/2526
new file mode 100644
index 0000000000000000000000000000000000000000..bcbb007ab448082492b9163af92cd3bb73015827
--- /dev/null
+++ b/reuters/training/2526
@@ -0,0 +1,18 @@
+ENFIELD CORP PLANS NOTES, PREFERRED ISSUE
+  <Enfield Corp Ltd> said it planned to
+  issue 60 mln dlrs principal amount of notes and 1.6 mln class E
+  preferred shares at 25 dlrs a share.
+      The notes would bear 8 pct yearly interest, mature March
+  31, 2002 and be convertible to common shares on either March
+  31, 1997 or the business day before a fixed redemption date at
+  13.50 dlrs a share, Enfield said.
+      It said each preferred share would be convertible to 1.85
+  common shares on either March 31, 1997 or the business day
+  before a fixed redemption date. Gordon Capital Corp and
+  Dominion Securities Inc agreed to acquire the issues, it said.
+      Enfield said it would use proceeds to retire short-term
+  bank debt and boost its 22 pct stake in <Consumers Packaging
+  Inc> and its interest in <Federal Pioneer Ltd> through open
+  market purchases.
+  
+
diff --git a/reuters/training/2528 b/reuters/training/2528
new file mode 100644
index 0000000000000000000000000000000000000000..cd60e14361d789dd6d0a821d5f4e70dbd748fb75
--- /dev/null
+++ b/reuters/training/2528
@@ -0,0 +1,13 @@
+WICHITA <WRO> TO BUY FOUNTAIN OIL <FGAS>
+  Wichita Industries Inc said it
+  agreed to buy Fountain Oil and Gas Inc.
+      Wichita said it it will acquire all of the outstanding
+  shares of Fountain in an exchange for about 11 mln newly issued
+  Wichita common shares. Wichita presently has about 3.6 mln
+  shares outstanding.
+      The transaction calls for the issuance of 1-1/2 shares of
+  Wichita common for each outstanding Fountain share.
+      Wichita also said it made a number of refinancing
+  agreements in connection with the acquisition.
+  
+
diff --git a/reuters/training/2529 b/reuters/training/2529
new file mode 100644
index 0000000000000000000000000000000000000000..609bd998764ae50f30ba8dee15708796aa3349f5
--- /dev/null
+++ b/reuters/training/2529
@@ -0,0 +1,8 @@
+ARGENTINE INFLATION ROSE 6.5 PCT IN FEBRUARY
+  Argentina's cost of living index
+  grew 6.5 pct in January, down from last month's 7.6 pct, the
+  National Statistics Institute said.
+      It said consumer prices rose 98.9 pct over the last 12
+  months, against 81.9 pct inflation in the calendar year 1986.
+  
+
diff --git a/reuters/training/253 b/reuters/training/253
new file mode 100644
index 0000000000000000000000000000000000000000..b74df943cfde6bb2ef8ec7590785a7dc84dd9793
--- /dev/null
+++ b/reuters/training/253
@@ -0,0 +1,12 @@
+CANADA-EGYPT WHEAT NEGOTIATIONS TO CONTINUE
+  Canadian and Egyptian wheat negotiators
+  failed to conclude an agreement on Canadian wheat exports to
+  Egypt during talks last week, but the Canadian team will return
+  to Cairo for further negotiations, Canadian embassy officials
+  said.
+      An embassy official declined to identify which issues
+  remained to be resolved and when the talks would resume.
+      In a five-year protocol signed in 1985, Cairo agreed to
+  purchase 500,000 tonnes of Canadian wheat a year.
+  
+
diff --git a/reuters/training/2530 b/reuters/training/2530
new file mode 100644
index 0000000000000000000000000000000000000000..6792a2326ba0b38aa94d3469014fb965ff3aa4c3
--- /dev/null
+++ b/reuters/training/2530
@@ -0,0 +1,13 @@
+PEMEX LOWERS FEBRUARY FAR EAST CRUDE OIL PRICES
+  The Mexican state oil company
+  Petroleos Mexicanos (PEMEX) said its Far East customers would
+  be charged 17.25 dlrs per barrel for Isthmus crude in February
+  and 14.45 dlrs for the heavier Maya.
+      Pemex said this was 32 cts less than January Isthmus and 15
+  cts less than January Maya.
+      Far East customers, primarily Japan which buys an average
+  180,000 barrels per day of which 150,000 is Isthmus, pay
+  retroactively while European and U.S. clients are charged per
+  delivery.
+  
+
diff --git a/reuters/training/2531 b/reuters/training/2531
new file mode 100644
index 0000000000000000000000000000000000000000..050a4862fa80aba2ab0e0b34e034be056c342ec1
--- /dev/null
+++ b/reuters/training/2531
@@ -0,0 +1,14 @@
+N.Z. DECEMBER QUARTER RETAIL SALES FALL 13.2 PCT
+  Retail sales in the quarter ended
+  December 31 fell a seasonally adjusted 13.2 pct compared with a
+  7.8 pct rise in the September quarter and a 1.3 pct fall a year
+  ago period, the Statistics Department said.
+      Actual retail sales in the December quarter totalled 6.17
+  billion N.Z. Dlrs compared with 6.70 billion in the previous
+  quarter and 6.10 billion a year ago period.
+      The largest decreases in the December quarter were recorded
+  by the same stores which recorded the highest increase in sales
+  in the September 1986 quarter before the introduction of a 10
+  pct value added goods and services tax on October 1, 1986.
+  
+
diff --git a/reuters/training/2532 b/reuters/training/2532
new file mode 100644
index 0000000000000000000000000000000000000000..e042428b2684ea4a5809e757e6d19c647a45d93d
--- /dev/null
+++ b/reuters/training/2532
@@ -0,0 +1,11 @@
+REPH ACQUISITION TO NEGOTIATE PESCH MERGER BID
+  REPH Acquisition Co said its board
+  appointed a special committee to negotiate the terms of an
+  offer made earlier today by <Pesch and Co> to merge with its
+  Republic Health Corp <REPH> unit.
+      Pesch, through its Alpha Health Systems Corp unit, offered
+  to acquire the 36 pct of Republic Health stock that it does not
+  already own.
+      Terms of Pesch's offer have not been disclosed.
+  
+
diff --git a/reuters/training/2534 b/reuters/training/2534
new file mode 100644
index 0000000000000000000000000000000000000000..35abb14fe09e90d8a94c6093a38cb011e2f22234
--- /dev/null
+++ b/reuters/training/2534
@@ -0,0 +1,35 @@
+HUNT GROUP HAS COMDATA STAKE, SEEKS INFLUENCE
+  An investor group led by members of
+  the Hunt family of Dallas, Texas, told the Securities and
+  Exchange Commission it has acquired a 6.2 pct stake in Comdata
+  Network Inc <CDN> and may try to influence company policy.
+      The investor group, led by Rosewood Financial Inc, said it
+  opposes a company recapitalization plan worked out between
+  Comdata and Mason Best Co, a Texas investment firm, which last
+  reported holding about 9.5 pct of the company's stock.
+      The Hunt group said it offered on March 3 to buy the entire
+  5.3 pct stake held by dissident shareholder Donald Carter at 14
+  dlrs each, but has received no reply as of yesterday.
+      Rosewood, which is owned by the Caroline Hunt Trust Estate,
+  whose trustees include Margaret Hunt Hill, also said it has
+  notified the Federal Trade Commission of its intent to buy
+  between 15 and 25 pct of Comdata's common stock.
+      Under federal law, it cannot buy more than 15 pct of
+  Comdata's stock until a 15 to 30 day waiting period is over,
+  unless the FTC gives it early approval.
+      Under the proposed Comdata recapitalization plan, the
+  company would buy up to 10 mln of its common shares at 13.25
+  dlrs each.
+      Mason Best, which belongs to CNI Parnters, a Texas
+  partnership, would not tender any of its stake under the plan,
+  but would instead buy another one mln Comdata common shares and
+  would get representation on the company's board.
+      The Hunt group said it has told Comdata that it considers
+  required payments under the plan, such as a 1.5 mln dlr fee and
+  the issuance of a warrant to buy 500,000 common shares to be a
+  waste of the company's assets.
+      The Hunt group, which also includes securities Texas firms
+  Cypress Partners L.P and Driftwood Ltd, said it spent 15.2 mln
+  dlrs on its 1,197,700 Comdata common shares.
+  
+
diff --git a/reuters/training/2535 b/reuters/training/2535
new file mode 100644
index 0000000000000000000000000000000000000000..ffa426a51e71824708dc21e00f1be87902d11164
--- /dev/null
+++ b/reuters/training/2535
@@ -0,0 +1,17 @@
+ARGENTINA-BRAZIL TRADE JUMPED 90 PCT IN 1986
+  Trade between Argentina and Brazil
+  jumped 90 pct in 1986 versus 1985, Foreign Minister Dante
+  Caputo said.
+      Speaking to reporters, Caputo said the near doubling in
+  trade showed the "tangible and immediate results" of a wide-
+  ranging economic integration accord signed by the presidents of
+  both countries last July.
+      He said trade last year totalled 1.3 billion dlrs versus
+  700 mln dlrs in 1985.
+      The accord provided for capital goods trade between the two
+  countries to rise to 2.0 billion dlrs over four years.
+      Argentine wheat exports to Brazil will increase from
+  1,375,000 tonnes in 1987 to 2.0 mln tonnes in 1991, the accord
+  said.
+  
+
diff --git a/reuters/training/2538 b/reuters/training/2538
new file mode 100644
index 0000000000000000000000000000000000000000..a6727abdb31ac33d64453ef909d55bbde07b21df
--- /dev/null
+++ b/reuters/training/2538
@@ -0,0 +1,16 @@
+SANTA FE SOUTHERN PACIFIC APPEALS MERGER RULING
+  Santa Fe Southern Pacific Corp will
+  later today formally ask the U.S. Interstate Commerce
+  Commission (ICC) to reconsider its earlier rejection of the
+  merger of the holding company's railroad assets, a company
+  spokesman said.
+      "We expect to file papers late tonight" asking the ICC to
+  reopen the rail merger case, spokesman Rich Hall said in a
+  telephone interview from the company's Chicago headquarters.
+      The ICC had rejected in July, on grounds it would reduce
+  competition, the merger of the Santa Fe and Southern Pacific
+  Railroads.
+      The deadline for seeking ICC reconsideration of the merger
+  plan is midnight tonight.
+  
+
diff --git a/reuters/training/2539 b/reuters/training/2539
new file mode 100644
index 0000000000000000000000000000000000000000..132ea58c57333ed7e80512526c2615d3d5257b12
--- /dev/null
+++ b/reuters/training/2539
@@ -0,0 +1,16 @@
+E.A. VINER HOLDINGS LTD <EAVKF> 4TH QTR LOSS
+  Shr loss 10 cts vs profit seven cts
+      Net loss 918,000 vs profit 585,000
+      Revs 5,475,000 vs 4,430,000
+      YEAR
+      Shr profit 32 cts vs loss 24 cts
+      Net profit 2,909,000 vs loss 1,501,000
+      Revs 23.7 mln vs 15.0 mln
+      Note: 1986 4th qtr net includes 1.5 mln U.S. dlr, or 17 ct
+  shr, writedown of stake in Heck's Inc <HEX> and 300,000 U.S.
+  dlr, or three ct shr, writedown of arbitrage positions. 1986
+  fl-yr net includes 900,000 dlr net writedown of stake in
+  Heck's.
+      U.S. dlrs.
+  
+
diff --git a/reuters/training/254 b/reuters/training/254
new file mode 100644
index 0000000000000000000000000000000000000000..b5cb2ea8edc800e79cc4e6c0769c002a3eb6ec1e
--- /dev/null
+++ b/reuters/training/254
@@ -0,0 +1,14 @@
+INDONESIAN WHEAT IMPORTS EXPECTED TO FALL IN 1987
+  Indonesia's wheat imports are expected
+  to fall to 1.5 mln tonnes in calendar 1987 from 1.69 mln in
+  1986, the U.S. Embassy's annual agriculture report said.
+      It said the drop was expected, because there will be a
+  drawdown on stocks built up near the end of 1986.
+      It said wheat stocks at the end of 1986 were 390,000
+  tonnes, up from 223,000 at end-1985. It forecast end-1987
+  stocks at around 290,000 tonnes.
+      The main suppliers in 1986 were Australia (44 pct), the
+  U.S. (29 pct), Canada (12 pct), Argentina (8 pct) and Saudi
+  Arabia (5 pct).
+  
+
diff --git a/reuters/training/2540 b/reuters/training/2540
new file mode 100644
index 0000000000000000000000000000000000000000..b45c0dbd6aca247b55802fdc1baed4fd1e1bb719
--- /dev/null
+++ b/reuters/training/2540
@@ -0,0 +1,13 @@
+CARPET FIRM UNIT CUTS ALLIED PRODUCTS<ADP> STAKE
+  A group led by GFI Nevada Inc, a
+  subsidiary of General Felt Industries, a Saddlebrook, N.J.
+  carpet maker, said it cut its stake in Allied Products Corp to
+  169,888 shares, or 3.4 pct, from 288,652 shares, or 5.8 pct.
+      In a filing with the Securities and Exchange Commission,
+  GFI said it sold 114,000 Allied Products common shares on March
+  3 at 42 dlrs each and donated another 4,746 shares to two
+  universities.
+      It said its dealings in the company's common stock were for
+  investment purposes only.
+  
+
diff --git a/reuters/training/2542 b/reuters/training/2542
new file mode 100644
index 0000000000000000000000000000000000000000..706b3ecfc4c55ddfe5a9a5a5c56d5a8b6f35bd16
--- /dev/null
+++ b/reuters/training/2542
@@ -0,0 +1,29 @@
+TALKS FAIL TO END BRAZILIAN SEAMEN'S STRIKE
+  Pay talks aimed at ending a
+  week-old national seamen's strike collapsed today and the
+  strike will continue, a union official said.
+      The walkout by Brazil's 40,000 seamen has idled 160 ships
+  in various ports, Jorge Luis Leao Franco, a senior official of
+  the National Merchant Marine Union, told Reuters.
+      The strikers, who are seeking a 275 pct pay increase, have
+  rejected offers of a 100 pct raise from the state oil company
+  Petrobras and an 80 pct increase from the National Union of
+  Maritime Navigation Companies (Syndarma).
+      Leao Franco said eight hours of talks in Rio de Janeiro
+  with Labor Minister Almir Pazzianotto ended today without
+  resolving the dispute.
+      He said six ships were idle abroad -- in the Netherlands,
+  Spain, Venezuela, France and South Africa.
+      Economic analysts said the strike was of major concern to
+  the government, which has suspended interest payments on part
+  of Brazil's foreign debt following a drastic deterioration in
+  the country's trade balance.
+      The head of the National Merchant Marine Authority, Murilo
+  Rubens Habbema, was quoted today as saying that if the strike
+  continued foreign ships could be authorized to transport
+  Brazilian exports.
+      "Brazil is living through a crisis at the moment and it is
+  not conceivable that exports be hit," he told the Gazeta
+  Mercantil newspaper.
+  
+
diff --git a/reuters/training/2543 b/reuters/training/2543
new file mode 100644
index 0000000000000000000000000000000000000000..c1f0a957f92456ea25d784eb4409692420eb99e5
--- /dev/null
+++ b/reuters/training/2543
@@ -0,0 +1,11 @@
+SHEARSON HAS 5.4 PCT OF CHICAGO MILWAUKEE <CHG>
+  Shearson Lehman Brothers Inc, the
+  brokerage subsidiary of American Express Co <AXP>, said it has
+  acquired 131,300 shares of Chicago Milwaukee Corp, or 5.4 pct
+  of its total outstanding common stock.
+      In a filing with the Securities and Exchange Commission,
+  Shearson said it bought the stake for 18.8 mln dlrs for
+  investment purposes and has no intention of seeking control of
+  the company.
+  
+
diff --git a/reuters/training/2544 b/reuters/training/2544
new file mode 100644
index 0000000000000000000000000000000000000000..2ea185da4632f150179a4764c7ad97b93b7e553b
--- /dev/null
+++ b/reuters/training/2544
@@ -0,0 +1,23 @@
+VINER <EAVKF> VIABLE AFTER HECK'S <HEX> MOVE
+  E.A. Viner Holdings Ltd said the earlier
+  reported Chapter 11 bankruptcy filing of Heck's Inc <HEX>, in
+  which Viner holds 408,000 shares, would not materially affect
+  Viner's capital position or its ability to carry on its
+  profitable brokerage business.
+      Viner said its brokerage subsidiary, Edward A. Viner and Co
+  had regulatory capital of 24.5 mln U.S. dlrs at year-end 1986.
+      The company said Heck's Chapter 11 filing could, however,
+  affect Viner's previously reported legal action to recover
+  costs from an aborted merger agreement with Heck's.
+       It said it and the Toussie-Viner group, with which it made
+  the merger offer, were assessing their options regarding the
+  Heck's investment.
+      Viner earlier reported a fourth quarter loss of 918,000
+  U.S. dlrs after a 1.5 mln dlr writedown of its stake in Heck's.
+  It earned 585,000 dlrs in the previous fourth quarter.
+      Full-year earnings totaled 2.9 mln dlrs against a
+  year-earlier loss of 1.5 mln dlrs. The full-year earnings
+  included a 900,000 dlr net writedown of the Heck's stake, it
+  said.
+  
+
diff --git a/reuters/training/2546 b/reuters/training/2546
new file mode 100644
index 0000000000000000000000000000000000000000..853bc8d725a7d1546ceee4386448ce763ad99f51
--- /dev/null
+++ b/reuters/training/2546
@@ -0,0 +1,33 @@
+TWA <TWA> SUES USAIR <U> OVER POISON PILL
+  Trans World Airlines Inc said it filed
+  suit in Delaware Chancery Court against USAir Group Inc and its
+  board of directors seeking to invalidate its "poison pill"
+  anti-takeover plan.
+      TWA vice president and general counsel Mark Buckstein said
+  TWA also sought a declaratory judgement from the court that its
+  52 dlr per share takeover offer for USAir would in no way
+  interfer with USAir's possible buyout of Peidmont Aviation Inc
+  <PIE>.
+      Buckstein said TWA asked the court to enjoin the
+  enforcement of USAir's shareholder rights plan, or "poison
+  pill." Such provisions, which typically allow for the issue of
+  securities to shareholders in the event of a hostile takeover
+  bid, are aimed at deterring takeovers by making them more
+  expensive.
+      USAir earlier today rejected TWA's offer, saying TWA's bid
+  was an attempt to interfer with its buyout of Piedmont.
+      USAir also had said its counsel would investigate the
+  matter. Tonight, a spokesman for USAir said the airline had no
+  comment on TWA's lawsuit.
+      USAir did respond, however, to a TWA request to the
+  Department of Transportation for permission to buy up to 51 pct
+  of USAir stock and place the stock in a voting trust pending
+  approval of a takeover.
+      USAir said the request was "hastily pasted together in
+  order to take advantage of a regulatory anamoly that would
+  allow TWA to accomplish in a regulated environment actions that
+  would be impermissable in the non-regulated economy at large."
+      USAir called on the transportation department to reject
+  TWA's request.
+  
+
diff --git a/reuters/training/2548 b/reuters/training/2548
new file mode 100644
index 0000000000000000000000000000000000000000..a742eb209b97353659941eee2404cd1ea32dde23
--- /dev/null
+++ b/reuters/training/2548
@@ -0,0 +1,7 @@
+<FOUR SEASONS HOTELS INC> YEAR NET
+  Oper shr 99 cts vs 54 cts
+      Oper net 9,515,000 vs 3,449,000
+      Revs 509.3 mln vs 440.5 mln
+      Note: 1985 net excludes extraordinary gain of 1.2 mln dlrs.
+  
+
diff --git a/reuters/training/2549 b/reuters/training/2549
new file mode 100644
index 0000000000000000000000000000000000000000..d8cfd5f3d06f0181f8fbe11f4758638fe767859d
--- /dev/null
+++ b/reuters/training/2549
@@ -0,0 +1,11 @@
+<IVEY PROPERTIES INC> RAISES QUARTERLY DIVIDEND
+  Ivey Properties Inc said it
+  raised its quarterly dividend to 18 cts a share from 14 cts and
+  declared both an extra dividend of 27 cts a share and a 50 pct
+  stock dividend.
+      It said the dividends will be paid April one to
+  shareholders of record March  16.
+      For the stock dividend, Ivey said it will pay for
+  fractional shares at 25 dlrs per share.
+  
+
diff --git a/reuters/training/2550 b/reuters/training/2550
new file mode 100644
index 0000000000000000000000000000000000000000..5c42e3e91107a872dc808820ce6e09e0a62bf37a
--- /dev/null
+++ b/reuters/training/2550
@@ -0,0 +1,13 @@
+MEXICO SUSPENDS OVERSEAS COFFEE SALES
+  Mexico has temporarily suspended
+  overseas coffee sales due to falling prices triggered by the
+  failure of the International Coffee Organisation (ICO) meeting
+  to agree a quota system at its latest meeting, the official
+  Notimex news agency said.
+      "We're just waiting a while for prices to improve," an
+  unidentified Mexican trader told the agency.
+      Mexico has already sold 80 pct of its export coffee
+  produced in the year to last September, the source said. The
+  country exports about 3.3 mln 60-kilo bags a year.
+  
+
diff --git a/reuters/training/2551 b/reuters/training/2551
new file mode 100644
index 0000000000000000000000000000000000000000..f836284e0bbda0dda0084c307d62ab8edd5a9088
--- /dev/null
+++ b/reuters/training/2551
@@ -0,0 +1,11 @@
+GROUP BOOSTS SCANDINAVIA FUND <SCF> STAKE
+  A shareholder group led by a Swedish
+  investment firm and a Norwegian investor said it raised its
+  stake in the Scandinavia Fund Inc to 2,165,300 shares, or 33.3
+  pct of the total, from 1,978,900 shares, or 30.5 pct.
+      In a filing with the Securities and Exchange Commission,
+  the group, which includes Ingemar Rydin Industritillbehor AB,
+  the firm, and investor Erik Martin Vik, said it bought the
+  additional shares between Feb 24 and March 9.
+  
+
diff --git a/reuters/training/2552 b/reuters/training/2552
new file mode 100644
index 0000000000000000000000000000000000000000..1577111c65481d9d200bd63ae9e7d7ac6caf46e7
--- /dev/null
+++ b/reuters/training/2552
@@ -0,0 +1,12 @@
+OFFSHORE INVESTMENT FIRM UPS FRANCE FUND STAKE
+  VBI Corp, an offshore-based
+  investment firm, told the Securities and Exchange Commission it
+  raised its stake in the France Fund Inc <FRN> to 681,800
+  shares, or 9.1 pct of the total, from 551,000, or 7.4 pct.
+      VBI, which is based in Turks and Caicos Islands, the
+  British West Indies, said it bought the additional shares
+  between Feb 24 and March 4.
+      It has said it bought its France Fund stake for investment
+  purposes only.
+  
+
diff --git a/reuters/training/2553 b/reuters/training/2553
new file mode 100644
index 0000000000000000000000000000000000000000..b688cc92422673788c55dd3b6f7979305724196a
--- /dev/null
+++ b/reuters/training/2553
@@ -0,0 +1,30 @@
+COSTA RICA OPTIMISTIC ABOUT REFORMING ICO
+  Costa Rica's economy minister said he
+  sees new hope for winning changes in the International Coffee
+  Organisation system of export quotas.
+      Minister Luis Diego Escalante, who serves as president of
+  the Costa Rican Coffee Institute, said he was hopeful because
+  of the support offered Costa Rica and other smaller producing-
+  nations by such major consumers as the United States, Britain
+  and the Netherlands at last week's ICO meeting in london.
+      Escalante told a news conference here he "carried the weight
+  of the negotiations" at the meeting by calling for larger export
+  quotas for the smaller coffee-growing nations.
+      Costa rica is insisting, Escalante said, on a new quota
+  system based on a producing nation's real export capacity, once
+  it has satisfied internal demand.
+      "There are countries such as our own whose sales
+  possibilities are close to or above 100 pct of their current
+  quotas," Escalante said.
+      At the same time, there are countries favoured by the
+  current system that have been assigned quotas far above their
+  export potential, he said.
+      The current ICO quota system is "unfair and autocratic,"
+  Escalante said.
+      Escalante attributed the nosedive in international coffee
+  prices over the last week to speculation rather than real
+  matters of supply and demand.
+      "Be careful," he warned, "there's not as much coffee in the
+  world as they say. What there is are bags of sawdust."
+  
+
diff --git a/reuters/training/2554 b/reuters/training/2554
new file mode 100644
index 0000000000000000000000000000000000000000..4d8af3f2df16916010a80b1120d1953d8167bbf0
--- /dev/null
+++ b/reuters/training/2554
@@ -0,0 +1,65 @@
+U.S. MONEY GROWTH SLOWS SHARPLY, ECONOMISTS SAY
+  U.S. money supply growth is slowing
+  down rapidly, and some economists believe that all three of the
+  Federal Reserve's main monetary aggregates may even have
+  contracted in February.
+      A contraction is unlikely to be a major concern for the
+  Fed, especially as it would follow a long period of torrid
+  growth, but it could give the central bank extra leeway in the
+  weeks ahead if it decided that a relaxation of monetary policy
+  was justified on account of weakness in the economy.    
+      M-1 money supply for the week ended February 23, reported
+  today, rose 1.9 billion dlrs to 738.5 billion, but preliminary
+  forecasts call for a drop next week of around two billion dlrs.
+  The monthly average in January was 737.1 billion dlrs.
+      M-1 makes up about a quarter of M-2 and a fifth of M-3.
+  With other components of M-2, such as money-market deposit
+  accounts and small time deposits, also falling, the stage is
+  set for falls in the broader aggregates too, economists say.
+      M-1 has been largely discredited because its traditional
+  link to economic growth has disintegrated under the impact of
+  falling interest rates and banking deregulation.
+      But the consistent behavior of all three aggregates is
+  likely to impress the Fed, said Ward McCarthy of Merrill Lynch
+  Economics Inc.
+      "The Fed has confidence in the aggregates when they're all
+  sending the same signal. This is going to raise some eyebrows
+  at the Fed," McCarthy said.
+      Stephen Slifer of Shearson Lehman Brothers Inc added, "We
+  have some very good-looking monetary aggregate data. It's
+  coming in a lot weaker than I thought."    
+      The economists were quick to caution that one month's data
+  prove nothing, especially because money growth previously had
+  been so rapid. M-1 in the last 52 weeks has grown at a 16.7 pct
+  rate and at a 19.1 pct rate in the past 13 weeks.
+      Moreover, some of the contraction in M-2 can probably be
+  explained by a shift of funds from savings vehicles into the
+  booming stock market and is thus not an indication of a
+  slowdown in the business expansion.
+      But the data raise the tantalizing possibility for the bond
+  markets that the slowdown in money growth is partly a
+  reflection of a weaker economy that needs more Fed stimulus.
+      McCarthy noted that the slower money growth coincides with
+  signs that the economy is losing momentum as the quarter
+  progresses. "Some of the economic indicators are not as rosy as
+  they were a month ago," he noted.
+      He expects only five to six pct M-1 growth in March and
+  rises in M-2 and M-3 of about four pct.
+      Slifer sees stronger growth of 10 pct in M-1 and five pct
+  or less for M-2 and M-3, but the rates would still be moderate
+  enough to encourage the Fed to ease policy if gross national
+  product for the first quarter proved to be weak. "You'd
+  certainly be more inclined to ease than you would in the past."
+      There was certainly nothing in the Fed's latest balance
+  sheet, however, to suggest a change of policy is already under
+  way, economists said. Discount window borrowings were in line
+  with expectations at 233 mln dlrs a day.
+      Robert Brusca of Nikko Securities Co International Inc
+  argued that an easier Fed policy is unlikely to do much to
+  solve America's most urgent economic problem, its massive trade
+  deficit. Because of the possibility that further dollar
+  depreciation - and thus rising inflation - may be needed to
+  close the trade gap, Brusca said "I'm not prepared to be all
+  that optimistic about the bond market."
+  
+
diff --git a/reuters/training/2555 b/reuters/training/2555
new file mode 100644
index 0000000000000000000000000000000000000000..18a16d6a94de372c131a193a5b7e381cae46076b
--- /dev/null
+++ b/reuters/training/2555
@@ -0,0 +1,14 @@
+ECUADOR'S CONSUMER PRICES RISE 2.5 PCT IN FEBRUARY
+  Ecuador's consumer price index rose 2.5
+  pct in February to 562.4 (base 1978), the National Statistics
+  and Census Institute said.
+      The rise compared to a 1.8 pct rise in January and a 2.5
+  pct rise in February 1986.
+      The Institute said accumulated overall inflation for the
+  first two months of this year was 4.0 pct compared to 5.0 pct
+  for the same period last year.
+      Inflation for the 12 months ending February 1987 was 25.5
+  pct compared to 13.0 pct for the 12 months ending February
+  1986.
+  
+
diff --git a/reuters/training/2557 b/reuters/training/2557
new file mode 100644
index 0000000000000000000000000000000000000000..ddfecf0817b4fcbed96c63ed8505c9eb92af4dd6
--- /dev/null
+++ b/reuters/training/2557
@@ -0,0 +1,20 @@
+WEST GERMAN FISHMEAL IMPORTS HIGHEST IN 15 YEARS
+  West German gross fishmeal imports rose
+  60,260 tonnes, or 14.6 pct, last year to 471,891 tonnes, the
+  highest level since 1972, trade sources said.
+      Re-exports fell by 6.6 pct, resulting in a surge in net
+  imports from 175,901 to 251,708 tonnes, an increase of 43 pct.
+      Total West German consumption was estimated at around a
+  high 287,000 tonnes, largely reflecting attractive prices. The
+  sources, however, could not give comparative figures for 1985.
+      South American producer countries supplied 97 pct of West
+  German requirements, with Chile shipping 229,176 tonnes (1985 -
+  182,959) and Peru 210,513 (147,014) tonnes.
+      The two South American countries' share of the West German
+  market rose to 93.2 pct from 80.2 pct because imports from
+  Ecuador fell to 21,110 tonnes in 1986 from 51,722 in 1985.
+      West Germany imported 56,823 tonnes of fishmeal in
+  December, up from 46,236 tonnes in the same 1985 month, with
+  re-exports at 22,262 tonnes after 25,062 a year earlier.
+  
+
diff --git a/reuters/training/2558 b/reuters/training/2558
new file mode 100644
index 0000000000000000000000000000000000000000..be508cb34c0cea13aa66a93fbabd4d9526d21753
--- /dev/null
+++ b/reuters/training/2558
@@ -0,0 +1,14 @@
+TPA OF AMERICA INC <TPS> 4TH QTR LOSS
+  Shr loss five cts
+      Net loss 753,000
+      Revs 8,932,000
+      Avg shrs 16.0 mln
+      Year
+      Shr loss seven cts
+      Net loss 995,000
+      Revs 27.9 mln
+      Avg shrs 14.8 mln
+      NOTE: Company started operating in August 1985.
+      Results reflect change in fiscal year from November 30 end.
+  
+
diff --git a/reuters/training/2559 b/reuters/training/2559
new file mode 100644
index 0000000000000000000000000000000000000000..b4c309311d8c16858a390c18d565fd5f867d82ce
--- /dev/null
+++ b/reuters/training/2559
@@ -0,0 +1,7 @@
+SILVER STATE MINING <SSMC> SEES PRODUCTION RISE
+  Silver State Mining Corp said it expects
+  gold production this year to be more than double 1986's 17,458
+  ounces.
+      The company's 1985 production was 2,050 ounces.
+  
+
diff --git a/reuters/training/256 b/reuters/training/256
new file mode 100644
index 0000000000000000000000000000000000000000..134b6b0f58acad2ff7eaebb586a69d30e891cf7e
--- /dev/null
+++ b/reuters/training/256
@@ -0,0 +1,25 @@
+ZAMBIA TO RETAIN CURRENCY AUCTION, SAYS KAUNDA
+  Zambia will retain its foreign-exchange
+  auction system despite the suspension of weekly auctions since
+  January 24, President Kenneth Kaunda said.
+      "We have not run away from the auction. It hasn't been
+  abolished at all," he told Reuters in an interview.
+      He said the system would be reintroduced after current
+  talks with the World Bank and the International Monetary Fund
+  and, he hoped, would be backed by fresh foreign aid funds.
+      Kaunda dismissed central bank statements the new auction
+  system would be used to allocate foreign exchange to private
+  bidders but not to fix the exchange rate.
+      Kaunda said the auction system had faltered because of the
+  government's shortage of foreign exchange to meet demand.
+      It was suspended when the kwacha's rapid devaluation and
+  strong fluctuations made economic planning almost impossible
+  for the government and the private sector, he said.
+      Weekly foreign-exchange auctions began in October 1985. The
+  kwacha fell from 2.20 to the dollar to about 15 in 16 months.
+  In January 1987 the government was more than two months in
+  arrears in paying foreign currency to successful bidders, and
+  the auction was suspended and replaced with a fixed exchange
+  rate of nine kwacha to the dollar.
+  
+
diff --git a/reuters/training/2560 b/reuters/training/2560
new file mode 100644
index 0000000000000000000000000000000000000000..548a44da9d2b8aa0a8366817922eec5df3cd9478
--- /dev/null
+++ b/reuters/training/2560
@@ -0,0 +1,12 @@
+MCGRATH RENTCORP <MGRC> SEES NET RISING
+  McGrath RentCorp said as a
+  result of its December acquisition of Space Co, it expects
+  earnings per share in 1987 of 1.15 to 1.30 dlrs per share, up
+  from 70 cts in 1986.
+      The company said pretax net should rise to nine to 10 mln
+  dlrs from six mln dlrs in 1986 and rental operation revenues to
+  19 to 22 mln dlrs from 12.5 mln dlrs.
+      It said cash flow per share this year should be 2.50 to
+  three dlrs.
+  
+
diff --git a/reuters/training/2561 b/reuters/training/2561
new file mode 100644
index 0000000000000000000000000000000000000000..f9327556032271ea087dc93866293ec1a26444f2
--- /dev/null
+++ b/reuters/training/2561
@@ -0,0 +1,10 @@
+SILVER STATE MINING CORP <SSMC> 4TH QTR NET
+  Shr one ct vs one ct
+      Net 528,790 vs 286,969
+      Revs 2,537,803 vs 773,729
+      Year
+      Shr seven cts vs one ct
+      Net 2,429,576 vs 404,394
+      Revs 6,726,327 vs 1,150,961
+  
+
diff --git a/reuters/training/2562 b/reuters/training/2562
new file mode 100644
index 0000000000000000000000000000000000000000..20dc31782385b6dfc4b21955df98611dd9134bcf
--- /dev/null
+++ b/reuters/training/2562
@@ -0,0 +1,12 @@
+SIZZLER RESTAURANTS INTERNATIONAL INC <SIZZ> NET
+  Shr 15 cts vs 14 cts
+      Net 2,547,000 vs 2,242,000
+      Revs 56.7 mln vs 44.0 mln
+      Avg shrs 17.6 mln vs 15.6 mln
+      Nine mths
+      Shr 54 cts vs 54 cts
+      Net 9,249,000 vs 8,334,000
+      Revs 173.3 mln vs 134.3 mln
+      Avg shrs 17.1 mln vs 15.5 mln
+  
+
diff --git a/reuters/training/2564 b/reuters/training/2564
new file mode 100644
index 0000000000000000000000000000000000000000..71b5efe4fe05b46a91e4d932cce96394363f61c7
--- /dev/null
+++ b/reuters/training/2564
@@ -0,0 +1,5 @@
+MCANDREWS AND FORBES ARE OFFERING 18.50 DLRS PER SHARE FOR REVLON STOCK
+
+  MCANDREWS AND FORBES ARE OFFERING 18.50 DLRS PER SHARE FOR REVLON STOCK
+  
+
diff --git a/reuters/training/2565 b/reuters/training/2565
new file mode 100644
index 0000000000000000000000000000000000000000..29a792c8e2cfd49a079af62395bb735f73571c8e
--- /dev/null
+++ b/reuters/training/2565
@@ -0,0 +1,9 @@
+U.K. MONEY MARKET DEFICIT REVISED TO 550 MLN STG
+  The Bank of England said it had revised
+  its estimate of the shortage in the money market back to its
+  initial forecast of 550 mln stg.
+      At midsession the central bank changed the shortfall to 500
+  mln and provided assistance worth 96 mln stg through bank bill
+  purchases in bands one and two at established dealing rates.
+  
+
diff --git a/reuters/training/2566 b/reuters/training/2566
new file mode 100644
index 0000000000000000000000000000000000000000..8dbd0721b81c73b098f322cb3a529fb8e47792c6
--- /dev/null
+++ b/reuters/training/2566
@@ -0,0 +1,7 @@
+DONEGAL GROUP INC <DGIC> YEAR NET
+  Shr six cts
+      Net 155,764
+      Revs 6,506,792
+      NOTE: Company formed in August 1986.
+  
+
diff --git a/reuters/training/2567 b/reuters/training/2567
new file mode 100644
index 0000000000000000000000000000000000000000..6e118b6ad0cef32297f55234668fa3ba4bed826b
--- /dev/null
+++ b/reuters/training/2567
@@ -0,0 +1,13 @@
+PETER MILLER APPAREL GROUP 3RD QTR JAN 31 LOSS
+  Shr loss 28 cts vs profit seven cts
+      Net loss 931,000 vs profit 7,000
+      Revs 2.3 mln vs 2.0 mln
+      Nine mths
+      Shr loss 55 cts vs profit seven cts
+      Net loss 1,619,000 vs profit 185,000
+      Revs 7.7 mln vs 7.1 mln
+      NOTE: Shr figures adjusted for issue of 600,000 shares in
+  October, 1986. Avg shrs not given.
+      Full name is <Peter Miller Apparel Group Inc>.
+  
+
diff --git a/reuters/training/2568 b/reuters/training/2568
new file mode 100644
index 0000000000000000000000000000000000000000..87c8848b89482b1b8d4fce5f22ae757b3f4dd691
--- /dev/null
+++ b/reuters/training/2568
@@ -0,0 +1,15 @@
+KRELITZ INDUSTRIES INC <KRLZ> 3RD QTR NET
+  Period ended Jan 31
+      Shr seven cts vs 14 cts
+      Net 136,000 vs 274,000
+      Sales 48.4 mln vs 38.2 mln
+      Nine mths
+      
+      Shr 30 cts vs 17 cts
+      Net 573,000 vs 328,000
+      Sales 140.0 mln vs 102.4 mln
+      NOTE: Prior year period ended Sept 30
+      Comparable periods reflect change in fiscal yearend to
+  April from December
+  
+
diff --git a/reuters/training/2569 b/reuters/training/2569
new file mode 100644
index 0000000000000000000000000000000000000000..0d955d38b3798479edec2de05885e57a3551e024
--- /dev/null
+++ b/reuters/training/2569
@@ -0,0 +1,8 @@
+DONEGAL <DGIC> PROJECTS FULL YEAR RESULTS
+  Donegal Group Inc, which today
+  reported earnings of 155,764 dlrs on revenues of 6,506,792 dlrs
+  for the period from August 26 startup through the end of 1986,
+  said it expects "much improved" profits for the full year 1987
+  on revenues of about 32 mln dlrs.
+  
+
diff --git a/reuters/training/2570 b/reuters/training/2570
new file mode 100644
index 0000000000000000000000000000000000000000..a6b2fde68b5d4d0f38602d0d0d29b9da2f3b6ed0
--- /dev/null
+++ b/reuters/training/2570
@@ -0,0 +1,17 @@
+MACANDREWS AND FORBES HOLDINGS BIDS FOR REVLON
+  McAndrews and Forbes Holdings Inc said
+  it will offer 18.50 dlrs per share for all of Revlon Group
+  Inc's <REV> outstanding common stock.
+      McAndrews said terms of the acquisition have not been
+  determined and are subject to the acquisition of financing.
+      Revlon closed yesterday on the New York Stock Exchange at
+  14-3/4.
+      The company said it would bid for all stock it or its
+  affiliates do not already own.
+      McAndrews and Forbes said it informed the board of
+  directors of Revlon that it expects to make a formal proposal
+  in the near future. It also said there can be no assurance as
+  to the terms of the proposals or that the deal can be
+  concluded.
+  
+
diff --git a/reuters/training/2572 b/reuters/training/2572
new file mode 100644
index 0000000000000000000000000000000000000000..5126909d4c5456f7287f61d71262ed2c0abbf8c6
--- /dev/null
+++ b/reuters/training/2572
@@ -0,0 +1,13 @@
+HOG AND CATTLE SLAUGHTER GUESSTIMATES
+  Chicago Mercantile Exchange floor
+  traders and commission house representatives are guesstimating
+  today's hog slaughter at about 300,000 to 305,000 head versus
+  292,000 week ago and 316,000 a year ago.
+      Saturday's hog slaughter is guesstimated at about 30,000 to
+  55,000 head.
+      Cattle slaughter is guesstimated at about 128,000 to
+  130,000 head versus 129,000 week ago and 119,000 a year ago.
+      Saturday's cattle slaughter is guesstimated at about 20,000
+  to 40,000 head.
+  
+
diff --git a/reuters/training/2574 b/reuters/training/2574
new file mode 100644
index 0000000000000000000000000000000000000000..bc2af889ffefcaa70ccdfb116c707bb531c2b5d9
--- /dev/null
+++ b/reuters/training/2574
@@ -0,0 +1,14 @@
+BOREALIS IN GOLD EXPLORATION PACT WITH FARAWAY
+  <Borealis Exploration Ltd> said
+  it entered into an agreement with <Faraway Gold Mines Ltd> of
+  Vancouver, British Columbia, under which Faraway will acquire
+  an interest in Borealis's Whale Cove Gold Property in the
+  Keewatin district of the Northwest Territories.
+      Faraway will spend 1.5 mln dlrs on exploration over three
+  years and will hold 50 pct of the property until all expenses
+  are paid out, when the interest will drop to 40 pct.
+      Also, Borealis and Faraway will issue treasury shares to
+  each other and Faraway will buy 575,000 Borealis shares from
+  Borealis president Lorne Spence.
+  
+
diff --git a/reuters/training/2576 b/reuters/training/2576
new file mode 100644
index 0000000000000000000000000000000000000000..4cf4eed28bce27f3ec8f56de98d5eb7aeb4bdd79
--- /dev/null
+++ b/reuters/training/2576
@@ -0,0 +1,12 @@
+U.K. MONEY MARKET GETS 350 MLN STG AFTERNOON HELP
+  The Bank of England said it provided
+  assistance worth 350 mln stg during the afternoon session which
+  takes total help so far today to 446 mln stg against a shortage
+  estimated at around 550 mln stg.
+      The central bank purchased outright bank bills comprising
+  120 mln stg in band one at 10-7/8 pct and 227 mln stg in band
+  two at 10-13/16 pct. It also bought treasury bills worth one
+  mln stg in band one and two mln stg in band two at the same
+  rates of interest as bank bills.
+  
+
diff --git a/reuters/training/2577 b/reuters/training/2577
new file mode 100644
index 0000000000000000000000000000000000000000..436e574b788bdfdd796dc62230256a7d7b4fac6d
--- /dev/null
+++ b/reuters/training/2577
@@ -0,0 +1,7 @@
+IMRE <IMRE> SELLS STOCK TO EUROPEAN INSTITUTIONS
+  IMRE Corp said it has received
+  commitments for a group of European institutions to buy about
+  400,000 IMRE shares for 2,500,000 dlrs, with closing expected
+  on March 16.
+  
+
diff --git a/reuters/training/2578 b/reuters/training/2578
new file mode 100644
index 0000000000000000000000000000000000000000..ada9e1ab27739e87091a1b39d50fa1f68f483d52
--- /dev/null
+++ b/reuters/training/2578
@@ -0,0 +1,13 @@
+INSTRUMENTARIUM ACQUIRES NOKIA SUBSIDIARY
+  Finland's medical group Instrumentarium
+  Oy <INMR.HE> said it has acquired electronics components
+  importers and marketers <Ferrado Oy> and <Insele Oy>,
+  subsidiaries of Finland's electronics group Nokia Oy <NOKS.HE>.
+      It said in a statement Ferrado and Insele will be merged
+  into Instrumentarium's Professional Electronics and Information
+  Systems Division.
+      It did not disclose a price for the acquisitions but said
+  it had issued 30,000 restricted B shares as partial payment to
+  Nokia.
+  
+
diff --git a/reuters/training/2579 b/reuters/training/2579
new file mode 100644
index 0000000000000000000000000000000000000000..6810b750da96b8433d9e4cdee2f43f78e4ea5bbf
--- /dev/null
+++ b/reuters/training/2579
@@ -0,0 +1,6 @@
+FUQUA INDUSTRIES INC <FQA> SETS QUARTERLY
+  Qtly div six cts vs six cts prior
+      Pay April One
+      Record March 20
+  
+
diff --git a/reuters/training/2580 b/reuters/training/2580
new file mode 100644
index 0000000000000000000000000000000000000000..a2e0b17b896628f2222a63ace8ff2e8f633e8514
--- /dev/null
+++ b/reuters/training/2580
@@ -0,0 +1,9 @@
+<M-CORP INC> YEAR DEC 28 NET
+  Shr 73 cts vs 55 cts
+      Net 1,691,878 vs 1,117,747
+      Revs 7.1 mln vs 4.9 mln
+      Avg shrs 2.3 mln vs 2.0 mln
+      NOTE: Share results reflect two-for-one stock split in
+  June, 1986.
+  
+
diff --git a/reuters/training/2582 b/reuters/training/2582
new file mode 100644
index 0000000000000000000000000000000000000000..e21b9932b964435b24e11602eddcc6b68af6a9f0
--- /dev/null
+++ b/reuters/training/2582
@@ -0,0 +1,5 @@
+DOME PETROLEUM REAFFIRMS DOME MINES STAKE FOR SALE AT RIGHT PRICE, SPOKESMAN SAYS
+
+  DOME PETROLEUM REAFFIRMS DOME MINES STAKE FOR SALE AT RIGHT PRICE, SPOKESMAN SAYS
+  
+
diff --git a/reuters/training/2583 b/reuters/training/2583
new file mode 100644
index 0000000000000000000000000000000000000000..2201aec54217292f344ac14a8b0f99a57a5ba6ff
--- /dev/null
+++ b/reuters/training/2583
@@ -0,0 +1,8 @@
+COMMONWEALTH MORTGAGE <CCMC> BUYS ARMONK FIRM
+  Commonwealth Mortgage Co said
+  it purchased Westfiar Funding Corp of Armonk, N.Y., for an
+  undisclosed amount of cash.
+      Commonwealth said Westfair originated 60 mln dlrs of
+  residential mortgage loans during 1986.
+  
+
diff --git a/reuters/training/2584 b/reuters/training/2584
new file mode 100644
index 0000000000000000000000000000000000000000..9ab0e62188a6ad95dd43e72557feeaca08131279
--- /dev/null
+++ b/reuters/training/2584
@@ -0,0 +1,6 @@
+<M-CORP INC> RAISES DIVIDEND
+  Semi-annual div 7-1/2 cts vs five cts
+      Pay April nine
+      Record March 26
+  
+
diff --git a/reuters/training/2585 b/reuters/training/2585
new file mode 100644
index 0000000000000000000000000000000000000000..7672ce10e59026a0fa7367f25c7367856a96bda3
--- /dev/null
+++ b/reuters/training/2585
@@ -0,0 +1,11 @@
+PERMIAN <PBT> RAISES CRUDE PRICES
+  Permian Corp said that effective march 5
+  it raised its posted prices for crude oil 50 cts a barrel.
+      The raise brought its posted prices for West texas
+  Intermediate up by 50 cts to 17.00 dlrs a barrel.
+      West Texas Sour was also raised by 50 cts to 17.00 dlrs a
+  barrel.
+      A Permian spokesman said that the South Louisiana sweet
+  posted prices was also raised 50 cts a barrel to 17.35 dlrs.
+  
+
diff --git a/reuters/training/2587 b/reuters/training/2587
new file mode 100644
index 0000000000000000000000000000000000000000..cb145fc00fd47410bd95bf9711448d42460a836b
--- /dev/null
+++ b/reuters/training/2587
@@ -0,0 +1,5 @@
+AMERICAN STORES CO 4TH QTR SHR 1.57 DLRS VS 1.60 DLRS
+
+  AMERICAN STORES CO 4TH QTR SHR 1.57 DLRS VS 1.60 DLRS
+  
+
diff --git a/reuters/training/259 b/reuters/training/259
new file mode 100644
index 0000000000000000000000000000000000000000..bb7da46e76393a631f6f6c917b12a535481f6d27
--- /dev/null
+++ b/reuters/training/259
@@ -0,0 +1,21 @@
+INDONESIAN SUGAR OUTPUT SEEN SHORT OF TARGET
+  Indonesia's raw sugar output is likely
+  to be 1.8 mln tonnes in calendar 1987, unchanged from 1986 and
+  below the government's 1987 forecast of 2.5 mln, the U.S.
+  Embassy said in its agricultural outlook for 1987.
+      Indonesia bought 162,500 tonnes of raw sugar on world
+  markets in late 1986, the report said.
+      The embassy estimated Indonesia's calendar 1986 raw sugar
+  production at 1.8 mln tonnes, against a government estimate of
+  1.99 mln.
+      It said that Indonesia's move into sugar self-sufficiency
+  in 1984 may have been short-lived.
+      The report said, "The government continues to promote
+  sugarcane production through its smallholder intensification
+  program and a relatively high guaranteed price to sugarcane
+  producers.
+      "However, there are considerable indications that farmers
+  are reluctant to plant cane because its economic return is not
+  as good as that of other crops."
+  
+
diff --git a/reuters/training/2590 b/reuters/training/2590
new file mode 100644
index 0000000000000000000000000000000000000000..669ec4817b0ed83b60888e72cf1053e12145a5ba
--- /dev/null
+++ b/reuters/training/2590
@@ -0,0 +1,9 @@
+CENTRAL SPRINKLER CORP <CNSP> 1ST QTR JAN 31 NET
+  Shr 19 cts vs 20 cts
+      Shr diluted 18 cts vs 18 cts
+      Net 578,000 vs 554,000
+      Sales 10.7 mln vs 10.4 mln
+      Avg shrs 3,006,s302 vs 2,795,820
+      Avg shrs diluted 4,271,488 vs 4,081,534
+  
+
diff --git a/reuters/training/2591 b/reuters/training/2591
new file mode 100644
index 0000000000000000000000000000000000000000..d35d6d66febda4d8d89779757c1103dd74f1fabe
--- /dev/null
+++ b/reuters/training/2591
@@ -0,0 +1,6 @@
+<FAR WEST INDUSTRIES INC> RAISES DIVIDEND
+  Annual div four cts vs 1.76 cts
+      Pay March 20
+      Record March 15
+  
+
diff --git a/reuters/training/2593 b/reuters/training/2593
new file mode 100644
index 0000000000000000000000000000000000000000..50e4feb64c2cd07210d0f0217c81a8452ee4d204
--- /dev/null
+++ b/reuters/training/2593
@@ -0,0 +1,6 @@
+<FAR WEST INDUSTRIES INC> YEAR NET
+  Shr 23 cts vs 17 cts
+      Net 761,000 vs 490,000
+      Revs 7.3 mln vs 4.5 mln
+  
+
diff --git a/reuters/training/2594 b/reuters/training/2594
new file mode 100644
index 0000000000000000000000000000000000000000..ac593303efcbfd43ec200c50109631387e224f14
--- /dev/null
+++ b/reuters/training/2594
@@ -0,0 +1,22 @@
+U.K. OFFICIALS STUDY SALMONELLA/CALF FEED LINK
+  U.K. Officials are studying the possible
+  link between the use of antibiotics in calf feeds and the
+  spread of drug-resistant strains of salmonella in humans, a
+  Ministry of Agriculture official said.
+      A study published in the New England Journal of Medicine
+  yesterday stated that the spread of an unusual strain of
+  salmonella that is resistant to the drug chloramphenicol had
+  been shown to be linked to farms that used the drug to promote
+  the growth of cattle.
+     The U.K. Ministry of Agriculture is working with the
+  Department of Health and the Public Health Laboratory to
+  investigate the whole subject of resistant strains of
+  salmonella.
+      "The Ministry of Agriculture is concerned about the possible
+  effects on human and animal health," the official said. The
+  government is also studying a recommendation from the Farm
+  Animal Welfare Council (FAWC) to restrict the trade of calves
+  under 56 days old through markets. The FAWC says this would
+  help reduce the spread of salmonella.
+  
+
diff --git a/reuters/training/2595 b/reuters/training/2595
new file mode 100644
index 0000000000000000000000000000000000000000..e7b139beb42338d36e07650322b07e70201e23d6
--- /dev/null
+++ b/reuters/training/2595
@@ -0,0 +1,5 @@
+CANADA RULES U.S. CORN INJURING CANADIAN FARMERS, UPHOLDS DUTY 
+
+  CANADA RULES U.S. CORN INJURING CANADIAN FARMERS, UPHOLDS DUTY 
+  
+
diff --git a/reuters/training/2596 b/reuters/training/2596
new file mode 100644
index 0000000000000000000000000000000000000000..b299abc7381c8e85da8be4b9c7cfe18dbd1857fb
--- /dev/null
+++ b/reuters/training/2596
@@ -0,0 +1,35 @@
+DOME<DMP> REPEATS DOME MINES<DM> STAKE FOR SALE
+  Dome Petroleum Ltd's 23.2 pct stake of
+  gold producer Dome Mines Ltd continues to be for sale "at the
+  right price," spokesman David Annesley said in response to an
+  inquiry.
+      Reaffirming remarks made last year by chairman Howard
+  Macdonald, Annesley said the company is considering selling its
+  stake in Dome Mines.
+      Concerning Dome Petroleum's 42 pct stake in <Encor Energy
+  Corp Ltd>, Annesley said "Encor is a strategic investment for
+  Dome, and we have no intention of selling it."
+      Dome spokesman Annesley said in answer to a question that
+  he was not aware of any negotiations now under way toward the
+  sale of Dome Petroleum's 20.9 mln Dome Mines shares.
+      He also declined to specify at what price the company would
+  consider selling it shares.
+      "Clearly today's prices of more than 15 dlrs a share (of
+  Dome Mines stock) are very attractive," Annesley commented.
+      "We were considering the sale 'at the right price' at a time
+  when the shares were priced around nine to 10 dlrs," he added. A
+  price of around 15 dlrs a share would be considered "fairly
+  attractive," Annesley said.
+      Annesley also Dome Petroleum may be able to sell its Dome
+  Mines' shares at a premium to market prices. "There might be an
+  opportunity to pick up a premium on that because it would be
+  virtually a control block in Dome Mines," he said.
+      Dome Mines shares traded earlier at 15-1/4 dlrs, off 1/4 on
+  the Toronto Stock Exchange.
+      Dome Petroleum is now negotiating a plan to restructure
+  debt of more than 6.1 billion Canadian dlrs with a group of 56
+  major creditors, which includes Dome Mines and Encor Energy.
+      The company previously said it expects to detail the plan
+  to lenders early next week.
+  
+
diff --git a/reuters/training/2599 b/reuters/training/2599
new file mode 100644
index 0000000000000000000000000000000000000000..2fc63368240ee8a5d763b5b04a30fd1ad5afc8a9
--- /dev/null
+++ b/reuters/training/2599
@@ -0,0 +1,5 @@
+CANADA RULES U.S. CORN INJURING CANADIAN  FARMERS, UPHOLDS DUTY
+
+  CANADA RULES U.S. CORN INJURING CANADIAN  FARMERS, UPHOLDS DUTY
+  
+
diff --git a/reuters/training/260 b/reuters/training/260
new file mode 100644
index 0000000000000000000000000000000000000000..748fcd1205c7e8f1e92d7eab2674daa540e8a65a
--- /dev/null
+++ b/reuters/training/260
@@ -0,0 +1,19 @@
+NIPPON KOKAN STEEL AFFILIATES CONSIDERING MERGER
+  Toshin Steel Co Ltd <TOSS.T> and <Azuma
+  Steel Co Ltd>, affiliates of Nippon Kokan KK <NKKT.T>, are
+  considering a merger, company spokesmen said.
+      Toshin Steel, owned 41.9 pct by Nippon Kokan, and Azuma
+  Steel, owned 41.3 pct by Nippon Kokan, are expected to decide
+  by the end of March, they said. Both firms have been struggling
+  with losses caused by the recession in the steel industry and
+  the yen's appreciation.
+      Azuma Steel's current losses are estimated at 3.1 billion
+  yen in the year ending March 31 against a 6.99 billion loss a
+  year earlier, a spokesman said. The firm employs 1,100 workers
+      Toshin Steel, with 1,700 workers, has given no forecast for
+  the year ending March 31.
+      But industry sources said they expected the company to show
+  current losses of about five billion yen or more in 1986/87
+  compared with a 2.98 billion loss in 1985/86.
+  
+
diff --git a/reuters/training/2601 b/reuters/training/2601
new file mode 100644
index 0000000000000000000000000000000000000000..2ecba54f82db8364921815e106bfcb0c21949c27
--- /dev/null
+++ b/reuters/training/2601
@@ -0,0 +1,14 @@
+NEW DUTCH SPECIAL ADVANCES ANNOUNCED AT 5.3 PCT
+  The Dutch central bank announced new
+  eleven-day special advances at an unchanged 5.3 pct to aid
+  money market liquidity, covering the period March 9 to 20.
+      The amount will be set at tender on Monday March 9 between
+  0800 and 0830 GMT. The new facility will replace the current
+  4.8 billion guilders of seven-day advances expiring Monday.
+      Money dealers estimated today's money market shortage at 11
+  to 11.25 billion guilders, barely changed from yesterday.
+      They said call money was still relatively high at 6-1/8 to
+  6-1/4 pct as a result of the tight set of bids accepted by the
+  Bank for the previous seven-day facility.
+  
+
diff --git a/reuters/training/2602 b/reuters/training/2602
new file mode 100644
index 0000000000000000000000000000000000000000..993c37ae4a35e0b94759572cec8ca9cb7eec5070
--- /dev/null
+++ b/reuters/training/2602
@@ -0,0 +1,12 @@
+SELECTERM INC <SLTM> 4TH QTR LOSS
+  Shr loss not given vs profit 16 cts
+      Net loss 309,000 vs profit 426,000
+      Revs 6,358,000 vs 6,747,000
+      Year
+      Shr profit 27 cts vs profit 76 cts
+      Net profit 713,000 vs profit 2,021,000
+      Revs 24.9 mln vs 27.1 mln
+      NOTE: Pretax net profits 113,000 dlrs vs 824,000 dlrs in
+  quarter and 1,863,000 dlrs vs 3,606,000 dlrs in year.
+  
+
diff --git a/reuters/training/2604 b/reuters/training/2604
new file mode 100644
index 0000000000000000000000000000000000000000..1dab04d6724c059d3720e355ed3c2fdeebc92f7a
--- /dev/null
+++ b/reuters/training/2604
@@ -0,0 +1,9 @@
+STONE CONTAINER <STO> COMPLETES WAITING PERIOD
+  Stone Container Corp said it and
+  Southwest Forest Industries Inc <SWF> completed all waiting
+  period requirements under the Hart-Scott-Rodino Anti-Trust
+  Improvements Act of 1976.
+      Stone said it will proceed with its previously proposed
+  acquisition of Southwest.
+  
+
diff --git a/reuters/training/2606 b/reuters/training/2606
new file mode 100644
index 0000000000000000000000000000000000000000..1cf0fb0a2ae44e475714d2abb3ddac7bdcb15d04
--- /dev/null
+++ b/reuters/training/2606
@@ -0,0 +1,15 @@
+ICO QUOTA TALKS FAILURE PARALYSE HAMBURG MARKET
+  The failure of International Coffee
+  Organization talks on the reintroduction of quotas has
+  paralysed business on the Hamburg green coffee market in the
+  past week, trade sources said.
+      There was only sporadic activity for spot material, which
+  was mainly requirement buying, they said, adding that
+  pre-registered coffees were no longer available.
+      They said they expected Brazil and Colombia to open export
+  registrations for May shipment next week. However, the
+  president of the Brazilian Coffee Institute, Jorio Dauster,
+  said yesterday he had not yet decided when its registrations
+  would reopen.
+  
+
diff --git a/reuters/training/2608 b/reuters/training/2608
new file mode 100644
index 0000000000000000000000000000000000000000..52e8066908720843e615028bf86be5d02af5335f
--- /dev/null
+++ b/reuters/training/2608
@@ -0,0 +1,6 @@
+RESIDENTIAL MORTGAGE INVESTMENTS INC <RMI>PAYOUT
+  Qtly div 24 cts vs 24 cts prior
+      Pay April 10
+      Record March 31
+  
+
diff --git a/reuters/training/2609 b/reuters/training/2609
new file mode 100644
index 0000000000000000000000000000000000000000..383b59b0e201e9c0fa4ff3c4f0efcebfee1890d1
--- /dev/null
+++ b/reuters/training/2609
@@ -0,0 +1,15 @@
+SOUTHWEST <SWF>, STONE <STO> COMPLY FOR MERGER
+  Southwest Forest Industries said
+  it and Stone Container Corp have complied with all federal
+  waiting period requirements for Stone's proposed 32.25 dlr per
+  share cash acquisition of Southwest.
+      Southwest currently has 12.3 mln shares outstanding. The
+  companies entered into a merger agreement on January 27, and
+  made their initial findings with the Department of Justice and
+  the Federal Trade Commission on February three.
+      Southwest said the waiting period expired on March 5,
+  without receiving a formal second request for information.
+     
+  REUTER...^M
+  
+
diff --git a/reuters/training/2611 b/reuters/training/2611
new file mode 100644
index 0000000000000000000000000000000000000000..97164e7d6416f331dfa595aa8271e9c316f3b909
--- /dev/null
+++ b/reuters/training/2611
@@ -0,0 +1,9 @@
+OKC LIMITED PARTNERSHIP <OKC> SETS LOWER PAYOUT
+  OKC Limited Partnership said it will make
+  a five ct per share distribution to unitholders, down from 15
+  cts in December and payable March 30 to holders of record March
+  18.
+      The partnership said the payout is the largest quarterly
+  cash distribution allowable under terms of its letter of credit.
+  
+
diff --git a/reuters/training/2613 b/reuters/training/2613
new file mode 100644
index 0000000000000000000000000000000000000000..c05db7ecba17bd087778ec840e4a79b3bdd875f1
--- /dev/null
+++ b/reuters/training/2613
@@ -0,0 +1,11 @@
+BIOTECH RESEARCH LABORATORIES INC <BTRL> 4TH QTR
+  Shr profit one ct vs loss seven cts
+      Net profit 63,761 vs loss 43,006
+      Revs 1,961,219 vs 1,413,859
+      Year
+      Shr loss seven cts vs loss 20 cts
+      Net loss 380,273 vs loss 1,108,151
+      Revs 6,245,012 vs 5,368,522
+      Shr out 5,950,000 vs 5,462,547
+  
+
diff --git a/reuters/training/2617 b/reuters/training/2617
new file mode 100644
index 0000000000000000000000000000000000000000..5bb267d7f9a9f1fce219d76a581ddcbf255b4082
--- /dev/null
+++ b/reuters/training/2617
@@ -0,0 +1,14 @@
+CANADA UPHOLDS COUNTERVAIL DUTY ON U.S. CORN
+  The Canadian Import Tribunal ruled today
+  subsidized U.S. corn imports were injurious to Canadian growers
+  and upheld a countervailing duty of 84.9 U.S. cts a bushel set
+  earlier this year.
+      The ruling is the result of trade action launched in 1985
+  by the Ontario Corn Producers Association that contended U.S.
+  subsidies were driving American corn prices below Canadian
+  production costs.
+      A spokesman for the Department of Revenue said a study of
+  the level of the duty will be undertaken in the next six months
+  to determine if it should be adjusted.
+  
+
diff --git a/reuters/training/2618 b/reuters/training/2618
new file mode 100644
index 0000000000000000000000000000000000000000..266352129981b131729b610dcd8c6c3e6bb367d1
--- /dev/null
+++ b/reuters/training/2618
@@ -0,0 +1,89 @@
+FEBRUARY U.S. JOBS GAINS SHOW STRONGER ECONOMY
+  Momentum in th U.S. economy may be
+  picking up given solid across-the board increases in the
+  February U.S. employment report, economists said.
+      U.S. non-farm payroll employment rose 337,000 in February,
+  twice what the financial markets expected. This follows a
+  319,000 gain in January, revised down from a previously
+  reported 448,000 increase.
+      "Even if you look at January and February together, this is
+  still a much stronger report than the consensus expectation in
+  the market," said Allan Leslie of Discount Corporation.
+      Economists stressed that gains in hours worked signal much
+  larger gains in February U.S. production and income than
+  previously forecast.
+      The average work week rose 0.2 hours to 35.0 hours from
+  34.8 hours in January. The average manufacturing work week rose
+  0.3 hours to 41.2 hours, the longest factory work week since
+  November 1966, the Commerce Department said.
+      "The gains in manufacturing employment point to a very
+  large increase in industrial production of between 0.5 and 0.7
+  pct," said Joe Carson of Chemical Bank. This compares to a 0.4
+  pct  gain in January U.S. industrial production.
+      Peter Greenbaum of Smith Barney Harris Upham and Co Inc
+  noted that the average wage rate increased to 8.87 dlrs an hour
+  in February from 8.83 dlrs in January.
+      "Combined with the increase in hours worked, this means
+  we'll get a pretty healthy gain in personal income vis-a-vis
+  the wage and salary disbursement," he said.
+      Greenbaum said that February U.S. personal income should
+  rise at least 0.5 pct after being flat in January.
+      He said the February employment gains are consistent with
+  his firm's first quarter U.S. real gross national product
+  growth forecast of 3.7 pct.
+      Economists agreed that the employment data were negative
+  for the credit markets in that they signal a healthier economy
+  and no easing in the Federal Reserve's monetary policy. But
+  most said that the market need not fear tighter policy either.
+      "This report is another reason for the Fed to not consider
+  easing," said Ray Stone of Merrill Lynch Capital Markets Inc.  
+    "It gives them more room to address the dollar situation," he
+  said. "If they had to nudge policy tighter, they could do so,
+  but it's most likely they'll sit and wait."
+      "The data have not been uniform," Stone added. "Durable
+  goods were weak in January and now employment is strong."
+      In January, U.S. durable goods orders dropped 7.5 pct,
+  followed by a 4.0 pct drop in U.S. factory goods orders. U.S.
+  retail sales fell 5.8 pct, and the U.S. merchandise trade gap
+  widened to 14.8 billion dlrs.
+      "Things just aren't adding up," said Steve Slifer of Lehman
+  Goverment Securities Inc. "Consumer spending, capital spending,
+  goverment spending, and net exports data show very weak first
+  quarter GNP growth of one pct," he said.
+      "The employment and production data point to a big
+  inventory build-up, but that's what we thought in the fourth
+  quarter and we only got 1.3 pct GNP growth."
+      Manufacturing employment gained 50,000 after falling 15,000
+  in January. Economists estimated that 30,000 of the gain was
+  accounted for by striking workers in the steel and machinery
+  industries returning to work.
+      Even so, some economists said that the manufacturing gains
+  have resulted from an improving trade outlook.
+      Jason Benderly of Goldman, Sachs and Co noted that the U.S.
+  trade picture improved in the fourth quarter as net exports
+  grew at a 20 pct annual rate while the rate of increase in
+  imports fell to only six pct, and that it continues to improve
+  in the first quarter.
+      "Not only the official statistics for the fourth quarter,
+  but evidence of a pick up in orders from overseas for paper
+  products, chemicals, high-tech goods, and capital goods show
+  that trade is improving," Benderley said.
+      "The economy is moving between extremes," he said. "Some
+  reports are going to look bad and some good, but first quarter
+  GNP is going to grow in the middle at about three pct."
+      A 287,000 gain in services employment comprised the greater
+  part of February's employment gain. Retail services employment
+  rose 129,000 in February, compared to a gain of 117,000 in
+  January, previously reported at 166,000.
+      Construction employment rose a slim 2,000 in February. But
+  this follows a robust 113,000 gain in January, revised down
+  from a previously reported 142,000 gain.
+      The U.S. civilian unemployment rate was unchanged in
+  February at 6.7 pct. This means the jobless rate has stayed at
+  6.7 pct for three consecutive months, the lowest reading since
+  March 1980, the Commerce Department noted.
+      "The Federal Reserve has to be pleased with this report,"
+  Carson said. "This takes away the Fed's flexibility to ease,
+  but there's no reason to tighten. It's way too early for that."
+  
+
diff --git a/reuters/training/2619 b/reuters/training/2619
new file mode 100644
index 0000000000000000000000000000000000000000..4df4ca4cd7e6f940b4a7ad074f50f84c69f08508
--- /dev/null
+++ b/reuters/training/2619
@@ -0,0 +1,13 @@
+AMERICAN STORES CO <ASC> 4TH QTR NET
+  Shr 1.57 dlrs vs 1.60 dlrs
+      Net 55.7 mln vs 56.5 mln
+      Revs 3.7 billion vs 3.6 billion
+      Year
+      Shr 3.79 dlrs vs 4.11 dlrs
+      Net 144.5 vs 154.5 mln
+      Revs 14.0 billion vs 13.9 billion
+      NOTE: 1986 4th qtr and yr per shr amts includes reduction
+  of 15 cts per shr for establishment of reorganization reserves.
+  Tax increase reduced 1986 yr per shr by 26 cts.
+  
+
diff --git a/reuters/training/2620 b/reuters/training/2620
new file mode 100644
index 0000000000000000000000000000000000000000..22886fadd8fec2737bcf744b6306311b82107f05
--- /dev/null
+++ b/reuters/training/2620
@@ -0,0 +1,23 @@
+BAKER SAYS G-6 PACT JUST A START
+  Treasury Secretary James Baker said
+  the agreement among industrial nations in Paris last month is
+  only a start in Washington's drive to intensify economic
+  cooperation among leading countries.
+      In a speech to the National Newspaper Association, Baker
+  said "the six steps beginning with the Plaza Agreement and
+  culminating in the Paris Accord, are only a start."
+      He added "we see our role as a steward of a process in which
+  we sit down with our industrial allies to find ways to promote
+  more balanced international growth."
+      The Paris agreements called trade surplus countries to
+  strengthen their growth and on the U.S. to reduce its budget
+  deficit. Under such circumstances, the countries agreed their
+  currencies were within ranges broadly consistent with economic
+  fundamentals.
+      Baker also said he still sees "ominous" signs of pressure for
+  protectionist trade legislation "and this pressure for
+  protectionism is coming from new areas of society."
+      But he also said he believed a coalition was forming that
+  supported free trade.
+  
+
diff --git a/reuters/training/2622 b/reuters/training/2622
new file mode 100644
index 0000000000000000000000000000000000000000..4acdcf84e93a8e8f603c7adbda2cb34545944e59
--- /dev/null
+++ b/reuters/training/2622
@@ -0,0 +1,5 @@
+TREASURY'S BAKER FORECASTS REDUCTION IN JAPANESE TRADE SURPLUS THIS YEAR
+
+  TREASURY'S BAKER FORECASTS REDUCTION IN JAPANESE TRADE SURPLUS THIS YEAR
+  
+
diff --git a/reuters/training/2623 b/reuters/training/2623
new file mode 100644
index 0000000000000000000000000000000000000000..b1e15d82bfb6ba82bf2cfb1902134f37140d6eae
--- /dev/null
+++ b/reuters/training/2623
@@ -0,0 +1,5 @@
+TREASURY'S BAKER SAYS THERE HAS BEEN NO CHANGE IN U.S. POLICY ON DOLLAR
+
+  TREASURY'S BAKER SAYS THERE HAS BEEN NO CHANGE IN U.S. POLICY ON DOLLAR
+  
+
diff --git a/reuters/training/2626 b/reuters/training/2626
new file mode 100644
index 0000000000000000000000000000000000000000..5f15840c4df1c378c1e9b63a777c90dc4fcb0667
--- /dev/null
+++ b/reuters/training/2626
@@ -0,0 +1,8 @@
+FED NOT EXPECTED TO ACT IN MONEY MARKETS
+  The Federal Reserve is unlikely to
+  operate in the U.S. government securities market during its
+  usual intervention period this morning, economists said.
+      Fed funds opened comfortably at 5-15/16 pct and remained at
+  that level. Yesterday Fed funds averaged 5.99 pct.
+  
+
diff --git a/reuters/training/2630 b/reuters/training/2630
new file mode 100644
index 0000000000000000000000000000000000000000..5694c468a2b56c8a40a43eca40ff9aa8a29b7ea0
--- /dev/null
+++ b/reuters/training/2630
@@ -0,0 +1,5 @@
+BOSTON BANCORP <SBOS> SETS TWO FOR ONE SPLIT
+  Boston Bancorp said its board declared a
+  two-for-one stock split, payable March 31, record March 17.
+  
+
diff --git a/reuters/training/2633 b/reuters/training/2633
new file mode 100644
index 0000000000000000000000000000000000000000..e67c00e036e684435f91d2d6b160d981325c0963
--- /dev/null
+++ b/reuters/training/2633
@@ -0,0 +1,21 @@
+BAKER DENIES CHANGE IN U.S. POLICY ON DOLLAR
+  Treasury Secretary James Baker said
+  there has been no change in U.S. policy on the value of the
+  dollar.
+      Baker, when asked if the policy was changed in view of
+  comments yesterday by a senior Commerce Department official who
+  said he thought the Japanese yen was undervalued against the
+  dollar by 10 to 15 pct, replied, "No."
+      Yesterday Robert Ortner, Undersecretary of Commerce for
+  Economic Affairs, said he thought the yen was undervalued but
+  said that was his personal view.
+      This remark caused the dollar to drop as it appeared to
+  conflict with a recent agreement in Paris by the United States
+  and five other industrial nations that currency rates were at
+  about the right level to reflect underlying economic
+  conditions.
+      Baker, who spoke earlier to the National Newspaper
+  Association, declined to elaborate on his statement about U.S.
+  policy.
+  
+
diff --git a/reuters/training/2634 b/reuters/training/2634
new file mode 100644
index 0000000000000000000000000000000000000000..52a0dce9be64e620e14f00617eb11a7351b4c94d
--- /dev/null
+++ b/reuters/training/2634
@@ -0,0 +1,3 @@
+ 6-MAR-1987 11:01:16.74
+   6-MAR-1987 11:01:16.74
+
diff --git a/reuters/training/2635 b/reuters/training/2635
new file mode 100644
index 0000000000000000000000000000000000000000..2fc313b5e3b4d4ea4ba0426454098216f076e662
--- /dev/null
+++ b/reuters/training/2635
@@ -0,0 +1,17 @@
+SOME SHIPPING RESTRICTIONS REMAIN ON RHINE
+  Limited shipping restrictions due to high
+  water remain in force on parts of the West German stretch of
+  the Rhine river between the Dutch border and the city of Mainz
+  but most are expected to be lifted this weekend.
+      water authority officials said The restrictions, caused by
+  high water levels, include speed limits and directives to keep
+  to the middle of the river to prevent damage to the river
+  banks. The high water was expected to recede within two days to
+  below levels at which the restrictions come into force.
+      Traffic was halted briefly late Tuesday night, Wednesday
+  and parts of Thursday on stretches of the Rhine between Bonn
+  and Koblenz but the shipping bans were lifted, the officials
+  said. Shipping is now permitted on all parts of the West German
+  section of the Rhine, with restrictions in some areas.
+  
+
diff --git a/reuters/training/2637 b/reuters/training/2637
new file mode 100644
index 0000000000000000000000000000000000000000..815e057db1a9e0390ef0c5c17444998d0296746f
--- /dev/null
+++ b/reuters/training/2637
@@ -0,0 +1,9 @@
+HAWKER SIDDELEY OFFER FOR CLAROSTAT <CLR> ENDS
+  <Hawker Siddeley Group PLC>'s offer of
+  74 dlrs a share for all of Clarostat Mfg Co Inc's stock was
+  scheduled to expire at 2400 EST yesterday.
+      Company officials were unavailable for comment as to why
+  the American Stock Exchange had stopped trading in Clarostat's
+  stock for a pending news announcement.
+  
+
diff --git a/reuters/training/2638 b/reuters/training/2638
new file mode 100644
index 0000000000000000000000000000000000000000..643d8d87e6295d71987994351d87346e3c207687
--- /dev/null
+++ b/reuters/training/2638
@@ -0,0 +1,28 @@
+TAFT <TFB> GIVEN DEADLINE ON BUYOUT PROPOSAL
+  Narragansett Capital Inc <NARR>
+  said it and Dudley S. Taft have requested a response from Taft
+  Broadcasting Co by March 12.
+      Earlier today, Taft Broadcasting said Taft, the company's
+  vice chairman, and Narragansett had offered 145 dlrs for each
+  of Taft's 9.2 mln outstanding shares.
+      The company said the offer is conditioned on approval of
+  its board, but a spokesman declined comment on whether or not
+  the board has scheduled a meeting.
+       The Narragansett/Taft group will provide the equity portion
+  of the offer by contributing at least 125 mln dlrs in cash and
+  Taft Broadcasting common, Narragansett said.
+      It said the group has been advised by First Boston Inc's
+  <FBC> First Boston Corp that the investment banker is "highly
+  confident that financing for the acquisition can be
+  consummated."
+      Narragansett said the offer is subject to negotiation of a
+  definitive merger agreement and definitive financing agreements
+  as well as approval by regulators, Taft's board and Taft's
+  stockholders.
+      The Narragansett/Taft group said its letter to Taft's board
+  states the group intends to return control over a significant
+  portion of the company's equity to the Taft family while
+  providing other stockholders with a means of realizing a very
+  attractive value for their shares.
+  
+
diff --git a/reuters/training/2645 b/reuters/training/2645
new file mode 100644
index 0000000000000000000000000000000000000000..549350508e92c6d08b216a73acad85589d462355
--- /dev/null
+++ b/reuters/training/2645
@@ -0,0 +1,13 @@
+<PETER MILLER APPAREL GROUP INC> 3RD QTR LOSS
+  period ended January 31
+      Shr loss 28 cts vs profit seven cts
+      Net loss 931,000 vs profit 7,000
+      Sales 2,303,000 vs 2,006,000
+      Nine mths
+      Shr loss 55 cts vs profit seven cts
+      Net loss 1,619,000 vs profit 185,000
+      Sales 7,684,000 vs 7,059,000
+      Note: per share reflects issue of 600,000 shares in October
+  1986.
+  
+
diff --git a/reuters/training/2647 b/reuters/training/2647
new file mode 100644
index 0000000000000000000000000000000000000000..f4010aad15494e82e848ae36a414361aa10c9e8b
--- /dev/null
+++ b/reuters/training/2647
@@ -0,0 +1,18 @@
+SANTA FE SOUTHERN <SFX> APPEALS MERGER RULING
+  Santa Fe Southern Pacific Corp said it
+  filed a petition asking the U.S. Interstate Commerce Commission
+  to reconsider its earlier rejection of the merger of the
+  holding company's railroad assets.
+      The ICC had rejected in July the merger of the Santa Fe and
+  Southern Pacific Railroads on the grounds that it would reduce
+  competition.
+      Santa Fe in its petition outlines an array of
+  pro-competitive agreements with other railroads which would
+  preserve the economic benefits of the merger for the merged
+  railroad and the public.
+      If the commission agrees that public benefits and
+  competitive enhancements will result, it can vote to reopen the
+  merger case. Interested parties have until March 25 to file
+  statements in response to the supplemental petition.
+  
+
diff --git a/reuters/training/2648 b/reuters/training/2648
new file mode 100644
index 0000000000000000000000000000000000000000..f22cf13c901d273b92f02827baa94298648230dd
--- /dev/null
+++ b/reuters/training/2648
@@ -0,0 +1,13 @@
+BAKER SEES LOWER JAPANESE TRADE SURPLUS
+  U.S. Treasury Secretary James Baker
+  said the Japanese trade surplus would begin to decline this
+  year.
+      He told the National Newspaper Association "You're going to
+  see a reduction in the Japanese trade surplus -- some of it
+  this year".
+      But he said the reduction would be due principally to the
+  exchange rate shifts since the Plaza Agreement, and these
+  shifts would take a long time to work their way through the
+  system.
+  
+
diff --git a/reuters/training/2649 b/reuters/training/2649
new file mode 100644
index 0000000000000000000000000000000000000000..ea16154ccf5dafbacbaa824b31e6ee1e46083ab1
--- /dev/null
+++ b/reuters/training/2649
@@ -0,0 +1,5 @@
+CINEPLEX ODEON CORP YEAR OPER SHR BASIC 1.04 DLRS VS 77 CTS
+
+  CINEPLEX ODEON CORP YEAR OPER SHR BASIC 1.04 DLRS VS 77 CTS
+  
+
diff --git a/reuters/training/2650 b/reuters/training/2650
new file mode 100644
index 0000000000000000000000000000000000000000..4a97b9f07606e43150a7e0380283684d95498ac4
--- /dev/null
+++ b/reuters/training/2650
@@ -0,0 +1,12 @@
+MONFORT <MNFT> SOARS ON ACQUISITION AGREEMENT
+  Monfort of Colorado Inc soared 21-1/2
+  to 75 in over-the-counter trading, responding to an
+  announcement late yesterday that the firm will be acquired by
+  Conagra Inc <CAG>.
+      According to a letter of intent signed by both companies,
+  Conagra will offer 2.5 of its own shares for each of Monfort's
+  4.3 mln outstanding shares.
+      Conagra fell one to 33 on the New York Stock Exchange.
+  Monfort is an integrated beef and lamb producer.
+  
+
diff --git a/reuters/training/2652 b/reuters/training/2652
new file mode 100644
index 0000000000000000000000000000000000000000..f859695fd4e7e429bd421688641306f8423bac61
--- /dev/null
+++ b/reuters/training/2652
@@ -0,0 +1,36 @@
+NORDBANKEN TO AUCTION ITS FERMENTA SHARES
+  Sweden's <Nordbanken> banking group
+  said it would sell the 4.2 mln B free shares deposited as loan
+  collateral by Fermenta AB's <FRMS.ST> founder and former chief
+  executive Refaat el-Sayed and it planned to buy them up itself.
+      The bank said the sale - by public auction on March 16 --
+  was because of a debtor's inability to repay an overdue loan.
+      The B free shares closed at 16.50 crowns on the bourse's
+  unofficial list -- down from a peak of 300 in January 1986.
+  Nordbanken said it did not exclude accepting a suitable bid for
+  the shares although it expected to buy them back itself.
+      The statement said the sale did not represent any
+  withdrawal from Nordbanken's undertakings towards the Fermenta
+  group and that it had been sanctioned by the other main
+  shareholders.
+      Nordbanken is Fermenta's third largest creditor with loans
+  of 155 mln crowns. It was one of the four Swedish banks which
+  last month agreed to advance the group 110 mln crowns to solve
+  its immediate liquidity problems. Together with two other main
+  shareholders, it also advanced Fermenta an additional 65 mln
+  crowns until a new equity issue could be made.
+      Fermenta is due to hold an extraordinary shareholders'
+  meeting on Tuesday to approve the planned equity issue.
+      Nordbanken had to make a provision against a 200 mln crown
+  loan to el-Sayed in its 1986 results.
+      Fermenta's new management originally hoped to raise 160 mln
+  crowns through the new one for four rights issue and an extra
+  170 mln from an issue to Nordbanken, another major creditor and
+  shareholder <Gotabanken> and the group's new majority owner
+  <Industrivarden AB>.
+      The share price was to be 20 crowns. But there has been
+  doubt over the plans since the stock fell below this level this
+  week after Fermenta's former chairman Kjell Brandstrom said the
+  company was in a much worse state than he thought.
+  
+
diff --git a/reuters/training/2658 b/reuters/training/2658
new file mode 100644
index 0000000000000000000000000000000000000000..edf95bc831a52738f2c121550ec989e27d2242f6
--- /dev/null
+++ b/reuters/training/2658
@@ -0,0 +1,20 @@
+UNITED INDUSTRIAL CORP <UIC> 4TH QTR LOSS
+  Shr loss 1.27 dlrs vs profit 43 cts
+      Net loss 17.0 mln vs profit 5,667,000
+      Sales 67.8 mln vs 70.1 mln
+      Year
+      Shr loss 69 cts vs profit 2.18 dlrs
+      Net loss 9,174,000 vs profit 29.1 mln
+      Sales 272.5 mln vs 269.4 mln
+      Avg shrs 13.3 mln vs 13.4 mln
+      NOTE: 1986 net includes tax credits of 14.5 mln dlrs in
+  quarter and 8,408,000 dlrs in year.
+      1985 year net includes 616,000 dlr loss from discontinued
+  operations and 10.6 mln dlr gain on their disposal.
+      1986 net both periods includes 19.1 mln dlr provision for
+  future losses from several major projects in defense contractor
+  subsidiary.
+      Backlog 310 mln dlrs, up six pct from a year before.
+      Share adjusted for 10 pct stock dividend in February 1987.
+  
+
diff --git a/reuters/training/2659 b/reuters/training/2659
new file mode 100644
index 0000000000000000000000000000000000000000..6e2c67b5e7f35378f1ba326a14819aef65e092b7
--- /dev/null
+++ b/reuters/training/2659
@@ -0,0 +1,12 @@
+<CINEPLEX ODEON CORP> YEAR NET
+  Oper shr basic 1.04 dlrs vs 77 cts
+      Oper shr diluted 89 cts vs 60 cts
+      Oper net 31.6 mln vs 12.5 mln
+      Revs 500.6 mln vs 170.9 mln
+      Avg shrs 29.1 mln vs 14.3 mln
+      Note: 1985 net excludes extraordinary gain of 1,756,000
+  dlrs or 12 cts shr basic and eight cts shr diluted.
+      1986 net involves 53-week reporting period to reflect
+  change in yr-end to coincide with calendar yr.
+  
+
diff --git a/reuters/training/2660 b/reuters/training/2660
new file mode 100644
index 0000000000000000000000000000000000000000..52e5a5c3559df9998946b6249f137e61e5748c7b
--- /dev/null
+++ b/reuters/training/2660
@@ -0,0 +1,10 @@
+MINE SAFETY APPLIANCES <MNES> TO SELL UNIT
+  Mine Safety Appliances Co said it
+  agreed to sell its filter products division to Donaldson Co Inc
+  <DCI> for undisclosed terms.
+      It said the filter products unit will be relocated from its
+  plant in Pennsylvania to a Donaldson facility in Illinois. It
+  said it expects a number of the unit's 100 employees will be
+  offered positions with Donaldson.
+  
+
diff --git a/reuters/training/2663 b/reuters/training/2663
new file mode 100644
index 0000000000000000000000000000000000000000..df7a3d80f78578de32ddaa24d25d38d675a5578d
--- /dev/null
+++ b/reuters/training/2663
@@ -0,0 +1,18 @@
+PROSPECT GROUP INC <PROSZ> 4TH QTR LOSS
+  Shr loss 10 cts vs loss 50 cts
+      Net loss 1,830,000 vs loss 3,584,000
+      Revs 40.7 mln vs 26.8 mln
+      Avg shrs 19.2 mln vs 7,115,847
+      12 mths 
+      Shr profit 10 cts vs loss 91 cts
+      Net profit 1,422,000 vs loss 6,195,000
+      Revs 185.7 mln vs 126.9 mln
+      Avg shrs 14.8 mln vs 6,811,280
+      NOTES: In May 1986 Prospect raised 101,810,0000 dlrs from
+  an initial public offering of common stock.
+      The company purchased in March 1986 MidSouth Corp, a
+  regional railroad company in Mississippi and Louisiana, which
+  contributed sales of 39.5 mln dlrs and operating income of 16.3
+  mln dlrs during first nine months of operation.
+  
+
diff --git a/reuters/training/2664 b/reuters/training/2664
new file mode 100644
index 0000000000000000000000000000000000000000..b031ec76da9376c8245a2f125568f9260392dc18
--- /dev/null
+++ b/reuters/training/2664
@@ -0,0 +1,9 @@
+FRANCE FUND INC <FRN> SETS INITIAL DIVIDEND
+  France Fund Inc said its board declared
+  an initial dividend of 1.12 dlrs per share, payable April six,
+  to holders of record March 20.
+      The fund said the dividend represents two cts per share for
+  net investment income realized during 1986 and 1.10 dlrs from
+  net taxable gains realized during the year.
+  
+
diff --git a/reuters/training/2666 b/reuters/training/2666
new file mode 100644
index 0000000000000000000000000000000000000000..08a8a25a046bf17dc1a09ee990b63cf813e627ec
--- /dev/null
+++ b/reuters/training/2666
@@ -0,0 +1,12 @@
+HEINEKEN N.V. <HEIN.AS> 1986 YEAR
+  Pre-tax profit 513.2 mln guilders vs 545.5 mln
+      Net profit 285.3 mln guilders vs 265.4 mln
+      Consolidated net turnover 6.68 billion guilders vs 6.40
+  billion
+      Net profit per 25.00 guilder nominal share 11.11 guilders
+  vs 10.33, taking into account one-for-three scrip issue last
+  year
+      Final dividend two guilders vs same, making total 3.50
+  guilders vs same
+  
+
diff --git a/reuters/training/2667 b/reuters/training/2667
new file mode 100644
index 0000000000000000000000000000000000000000..ee5e11e0c32cb549bd84d95eedb69078404b7893
--- /dev/null
+++ b/reuters/training/2667
@@ -0,0 +1,12 @@
+NATIONAL SECURITY INSURANCE CO <NSIC> 4TH QTR
+  Oper shr loss 15 cts vs profit 57 cts
+      Oper net loss 151,000 vs profit 570,000
+      Year
+      Oper shr profit 2.08 dlrs vs loss 12 cts
+      Oper net profit 2,122,000 vs loss 127,000
+      NOTE: Net excludes realized capital loss 19,000 dlrs vs
+  gain 896,000 dlrs in quarter and gains 1,646,000 dlrs vs
+  1,331,000 dlrs in year.
+      1986 net both periods excludes tax credit 1,288,000 dlrs.
+  
+
diff --git a/reuters/training/267 b/reuters/training/267
new file mode 100644
index 0000000000000000000000000000000000000000..ded9ba5ee6680a863ececf7a994e69adcd1d9f2a
--- /dev/null
+++ b/reuters/training/267
@@ -0,0 +1,12 @@
+INDONESIA UNLIKELY TO IMPORT PHILIPPINES COPRA
+  Indonesia is unlikely to import copra
+  from the Philippines in 1987 after importing 30,000 tonnes in
+  1986, the U.S. Embassy's annual agriculture report said.
+      The report said the 31 pct devaluation of the Indonesian
+  rupiah, an increase in import duties on copra and increases in
+  the price of Philippines copra have reduced the margin between
+  prices in the two countries.
+      Indonesia's copra production is forecast at 1.32 mln tonnes
+  in calendar 1987, up from 1.30 mln tonnes in 1986.
+  
+
diff --git a/reuters/training/2671 b/reuters/training/2671
new file mode 100644
index 0000000000000000000000000000000000000000..9690bda371ed5c06f5cce7a54cccdad5bf7ec126
--- /dev/null
+++ b/reuters/training/2671
@@ -0,0 +1,13 @@
+CYPRUS MINERALS <CYPM> NAMED IN SUITS
+  Cyprus Minerals Co said along with about
+  40 other companies, it has been named a defendant in 23 product
+  liability lawsuits filed in California by individual
+  tireworkers aleging injury as a result of exposure to talc and
+  other products.
+      It said other suits are expected to be brought.
+      Cyprus, which produces talc, said it has significant
+  factual and legal defenses and substantial insurance coverage
+  and does not expect the suits to have a material adverse impact
+  on its financial condition.
+  
+
diff --git a/reuters/training/2672 b/reuters/training/2672
new file mode 100644
index 0000000000000000000000000000000000000000..e5f990753a693639bab7234a881df921dbc780de
--- /dev/null
+++ b/reuters/training/2672
@@ -0,0 +1,12 @@
+DONALDSON <DCI> TO BUY MINE SAFETY <MNES> UNIT
+  Donaldson Co Inc said it reached an
+  agreement to buy the assets of the Filter Products Division of
+  Mine safety Appliances Co for undisclosed terms.
+      It said Filter Products will operate as part of Donaldson's
+  Industrial Group and its manufacturing operations will be
+  relocated to Dixon, Ill., from Evans City, Pa.
+      Donaldson said the acquisition complements its
+  microfiltration business and internal research and development
+  efforts.
+  
+
diff --git a/reuters/training/2674 b/reuters/training/2674
new file mode 100644
index 0000000000000000000000000000000000000000..fd1d6d9b49202af040134136f2c62d4a4b49453d
--- /dev/null
+++ b/reuters/training/2674
@@ -0,0 +1,10 @@
+ARUNDEL CORP <ARL> 4TH QTR NET
+  Shr 1.73 dlrs vs 1.66 dlrs
+      Net 3,637,000 vs 3,789,000
+      Revs 27.6 mln vs 26.6 mln
+      Year
+      Shr 3.47 dlrs vs 2.34 dlrs
+      Net 7,815,000 vs 5,340,000
+      Revs 94.3 mln vs 81.9 mln
+  
+
diff --git a/reuters/training/2677 b/reuters/training/2677
new file mode 100644
index 0000000000000000000000000000000000000000..cb8b0c7a2846e7160c3415df8da78cfbfc207b7b
--- /dev/null
+++ b/reuters/training/2677
@@ -0,0 +1,13 @@
+GULF STATES UTILITIES <GSU> GETS QUALIFIED AUDIT
+  Gulf States Utilities Co said
+  auditor Coopers and Lybrand has issued a qualified opinion on
+  1986 financial statements.
+      Gulf States said the audit opinion satated that without
+  sufficient rate increases or funds from other sources, Gulf
+  states may be unable to maintain its financial viability,
+  which is necessary to permit the realization of its assets and
+  the liquidation of its liabilities in the ordinary course of
+  business.
+      IT said it received a similar qualified opinion in 1985.
+  
+
diff --git a/reuters/training/2678 b/reuters/training/2678
new file mode 100644
index 0000000000000000000000000000000000000000..29037e9b6af0df5d506be49e702be80d45c9d007
--- /dev/null
+++ b/reuters/training/2678
@@ -0,0 +1,5 @@
+FED SETS ONE BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+
+  FED SETS ONE BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+  
+
diff --git a/reuters/training/2681 b/reuters/training/2681
new file mode 100644
index 0000000000000000000000000000000000000000..bdeae30a4cc4fcce423c8d70ad59378ead00dc04
--- /dev/null
+++ b/reuters/training/2681
@@ -0,0 +1,17 @@
+MIDMISSISSIPPI RIVER OPENS TODAY FOR SEASON
+  The Mississippi River is now open for
+  barge traffic up to the Twin Cities in Minnesota after repairs
+  were completed and the first barges moved upstream through Lock
+  and Dam 20 near Quincy, Ill at 0600 CST today, an Army Corps of
+  Engineers spokesman said.
+      About 14 to 15 inches of ice were reported between locks
+  three and four on the upper Mississippi River, but other
+  sections were generally free of ice, the spokesman said.
+      Midwestern weather has been so mild that barges probably
+  could have kept loading at Mid-Mississippi River terminals
+  through the winter, if Lock and Dam 20 had not been scheduled
+  for repairs, he said.
+      The Peoria and La Grange locks on the Illinois River are
+  still scheduled to close July 13, for two months of repairs.
+  
+
diff --git a/reuters/training/2683 b/reuters/training/2683
new file mode 100644
index 0000000000000000000000000000000000000000..79e14c445ea7c88ba3e380b44723cd4228af5056
--- /dev/null
+++ b/reuters/training/2683
@@ -0,0 +1,9 @@
+FED SETS ONE BILLION DLR CUSTOMER REPO
+  The Federal Reserve entered the
+  government securities market to arrange one billion dlrs of
+  customer repurchase agreements, a spokesman for the New York
+  Fed said.
+      Fed funds were trading at 5-15/16 pct at the time of the
+  indirect injection of temporary reserves, dealers said.
+  
+
diff --git a/reuters/training/2686 b/reuters/training/2686
new file mode 100644
index 0000000000000000000000000000000000000000..9aedc516ba1560fb92766d62d3aac36c4f9aacb7
--- /dev/null
+++ b/reuters/training/2686
@@ -0,0 +1,32 @@
+GERMAN CASH IN CIRCULATION UP AT FEBRUARY'S CLOSE
+  Cash in circulation in West Germany
+  rose by 2.8 billion marks in the last week of February to 121.5
+  billion, a gain of 8.3 pct over the same month last year, the
+  Bundesbank said.
+      Cash in circulation is one of two components of the West
+  German money supply which the German central bank is targeting
+  to grow between three and six pct this year.
+      Gross currency reserves in the week rose by 200 mln marks
+  to 109.5 billion. Foreign liabilities fell 100 mln to 22.9
+  billion, giving a net currency reserves increase of 300 mln to
+  86.6 billion.
+      Commercial bank minimum reserve holdings at the Bundesbank
+  fell 300 mln marks to 51.9 billion marks at the end of
+  February, averaging 51.2 billion over the month.
+      The rediscount debt of the banking system fell 800 mln
+  marks to 55.2 billion marks, the Bundesbank said.
+      Banks made heavy use of the Lombard emergency funding
+  facility to meet month-end payments and borrowed 3.1 billion
+  marks, a rise of 2.9 billion over the week before.
+      The net position of public authorities at the Bundesbank
+  declined 6.7 billion marks in the last week of February.
+      The federal government drew down 3.8 billion marks of its
+  Bundesbank cash deposits, which had stood at 4.1 billion in the
+  third week of February, and also borrowed a 1.8 billion in
+  credit from the central bank.
+      Federal states' deposits fell 1.5 billion marks to 1.3
+  billion and their cash credits dropped 400 mln to 300 mln.
+      The Bundesbank balance sheet total rose around 5.44 billion
+  to 222.22 billion marks.
+  
+
diff --git a/reuters/training/2687 b/reuters/training/2687
new file mode 100644
index 0000000000000000000000000000000000000000..1803921b9fc5e50592da3569161bde304e165ded
--- /dev/null
+++ b/reuters/training/2687
@@ -0,0 +1,9 @@
+SUN ELECTRIC CORP <SE> 1ST QTR JAN 31 NET
+  Shr profit 15 cts vs loss six cts
+      Net profit 1,051,000 vs loss 381,000
+      Revs 50.8 mln vs 41.8 mln
+      Avg shrs 7,033,00 vs 6,557,000
+      NOTE: 1987 net includes tax credits equal to six cts vs one
+  cent in 1986.
+  
+
diff --git a/reuters/training/2688 b/reuters/training/2688
new file mode 100644
index 0000000000000000000000000000000000000000..c0d98f76b9e23793b6301edc506ff1e33f4e2ef7
--- /dev/null
+++ b/reuters/training/2688
@@ -0,0 +1,23 @@
+ECUADOR SAYS SUSPENDS OIL EXPORTS DUE EARTHQUAKE
+  Ecuador today suspended its crude oil
+  exports indefinitely due to an earthquake last night that
+  damaged pumping and crude transport installations, an Energy
+  and Mines MInistry statement said.
+      It said the state oil firm Corporacion Estatal Petrolera
+  Ecuatoriana (CEPE) notified foreign customers that it was
+  declaring force majeure on its crude exports due to the tremor.
+      Ecuador"s OPEC oil output quota is 210,000 barrels per day
+  (bpd).
+      A senior energy ministry official said that one pumping
+  station at El Salado on Ecuador's main pipeline was damaged.
+      He also said an 180 metre section of the pipeline attached
+  to the bridge over the Aguarico river collapsed.
+      The pumping station was about 20 km from the Reventador
+  volcano, near the epicentre of the quake, which Ecuadorean
+  seismologists said registered six on the 12-point international
+  Mercalli scale. The Aguarico bridge was also close to the
+  volcano, he said.
+      The quake struck northern Ecaudor and southern Colombia,
+  according to Ecuadorean officials. No injuries were reported.
+  
+
diff --git a/reuters/training/2691 b/reuters/training/2691
new file mode 100644
index 0000000000000000000000000000000000000000..1777fd01159153d62bbc496a5a2a32ddb2b0a895
--- /dev/null
+++ b/reuters/training/2691
@@ -0,0 +1,16 @@
+LEASEWAY TRANSPORTATION CORP <LTC> 4TH QTR LOSS
+  Oper shr loss 39 cts vs profit 62 cts
+      Oper net loss 4,628,000 vs profit 7,256,000
+      Revs 338.1 mln vs 327.9 mln
+      Year
+      Oper shr profit 1.12 dlrs vs profit 1.88 dlrs
+      Oper net profit 13.2 mln vs 22.2 mln
+      Revs 1.32 billion vs 1.29 billion
+      NOTE: Net excludes gains from discontinued leasing
+  operations of 37.6 mln dlrs vs 40.3 mln dlrs in year and 32.6
+  mln dlrs vs 34.3 mln dlrs in quarter.  Results restated for
+  discontinued operations.
+      1986 net both periods includes charge 6,300,000 dlrs from
+  elimination of investment tax credits.
+  
+
diff --git a/reuters/training/2693 b/reuters/training/2693
new file mode 100644
index 0000000000000000000000000000000000000000..d3942a4db9be14770773588401004bd59467d8b5
--- /dev/null
+++ b/reuters/training/2693
@@ -0,0 +1,10 @@
+NCH CORP <NCH> 3RD QTR JAN 31 NET
+  Shr 51 cts vs 44 cts
+      Net 4,710,000 vs 4,086,000
+      Sales 109.2 mln vs 98.2 mln
+      Nine mths
+      Shr 1.62 dlrs vs 1.39 dlrs
+      Net 15.0 mln vs 13.6 mln
+      Sales 314.6 mln vs 279.7 mln
+  
+
diff --git a/reuters/training/2695 b/reuters/training/2695
new file mode 100644
index 0000000000000000000000000000000000000000..1403b55a2cafd3459d9a841c403c52a2932da777
--- /dev/null
+++ b/reuters/training/2695
@@ -0,0 +1,27 @@
+NATIONWIDE HAD 1986 PROPERTY-CASUALTY LOSS
+  <Nationwide Mutual Insurance Co>
+  said its property-casualty companies had a net loss of 56 mln
+  dlrs last year while its life insurance operations earned 66.8
+  mln dlrs.
+      Nationwide said its property-casualty group, the
+  fourth-largest U.S. property-casualty insurer had a 106 mln dlr
+  loss in 1986. Nationwide Life Insurance Co earned 62.8 mln dlrs
+  in 1985, with last year's profit including record capital gains
+  of 14.4 mln dlrs, up from gains of 2.6 mln dlrs the previous
+  year.
+      The company said its property-casualty group had a record
+  loss from insurance operations last year of 859 mln dlrs after
+  policyholders' dividends, up 25 pct from 1985's 710 mln dlrs.
+      Nationwide said a surge in claims from personal auto
+  insurance and the volatile commercial liability coverages
+  during a period of unprecedented sales growth generated the
+  loss.
+      The company said over 576 mln dlrs of last year's group
+  losses came from commercial insurance lines and 282 mln dlrs
+  from its personal auto insurance business.
+      Partially offsetting 1986's record insurance losses,
+  Nationwide said, were record investment gains of 775 mln dlrs
+  and a 28 mln dlr federal tax credit. The investment gains were
+  up 39 pct from 1985's gains of 559 mln dlrs.
+  
+
diff --git a/reuters/training/2696 b/reuters/training/2696
new file mode 100644
index 0000000000000000000000000000000000000000..7127e0b583ae4ee5691ea31a1c3fefe211e6609e
--- /dev/null
+++ b/reuters/training/2696
@@ -0,0 +1,11 @@
+SUN <SUN> RAISES HEATING OIL BARGE PRICE
+  Sun Co's Sun Refining and Marketing
+  subsidiary said it increased the price it charges contract
+  barge customers for heating oil in New York harbor 0.50 cent a
+  gallon, effective today.
+      They said the 0.50 cent increase brings Sun's contract
+  barge price to 49 cts. The recent price hike represents the
+  fifth this week, totalling 4.75 cts. The increases are
+  following sharp spot and futures price rises, the company said.
+  
+
diff --git a/reuters/training/2697 b/reuters/training/2697
new file mode 100644
index 0000000000000000000000000000000000000000..b3714f1aba58024109ea75c8caa22f7b5e29b6f6
--- /dev/null
+++ b/reuters/training/2697
@@ -0,0 +1,54 @@
+FRENCH PRIMARY BOND MARKET SHOWS NEW SPARKLE
+  The French primary bond market is showing
+  signs of renewed effervescence after several weeks of lethargy
+  and the trend is expected to continue if hopes of imminent
+  interest rate cuts are fulfilled, market operators said.
+      The Bank of France is generally expected to give a signal
+  to the market, possibly at the beginning of next week, by
+  announcing a quarter point cut in its intervention rate, which
+  has stood at eight pct since January 2, or in its seven-day
+  repurchase rate, set at 8-3/4 pct since January 5.
+      The central bank's averaged-out day to day call money rate,
+  the reference rate for interbank money market operators, which
+  reached 8-3/4 pct on February 18 has fallen to 7-3/4 pct this
+  week, dealers noted.
+      The Bank of France's "open market" policy to regulate the
+  money markets since December has been based on a floor and
+  ceiling of rates within the limits of its intervention and
+  seven day repurchase rates.
+      For the moment the sentiment is of "wait and see" on rate
+  cuts, but there are now more optimists than pessimists among
+  market operators, a dealer for a major French bank said.
+      Dealers said there is abundant liquidity on the bond
+  market, noting that this week's monthly Treasury tap issue of
+  11.87 billion francs had a good reception and was fairly easily
+  absorbed.
+      The Treasury had set an upper limit on the issue of 12
+  billion francs and was likely to continue to try and sell as
+  much paper as it could over coming months to meet its borrowing
+  needs for this year of around 150 billion, one banker said.
+      Dealers said there was no difficulty in placing liquidity
+  in the primary market at the moment despite competition from
+  the surge in investments on the Paris stock exchange.
+      There has been a flood of large bond issues, but with
+  formulas well adapted to market conditions and investor demand
+  - with warrants or a mix of fixed and floating-rates - which
+  have been snapped up, and with generally broadly negative fees.
+      Dealers pointed to the recent Caisse d'Aide a l'Equipement
+  des Collectivites Locales (CAECL) 8.90 pct two billion franc
+  bond with warrants exchangeable for floating-rate bonds issued
+  over 13 years and 80 days at 97.04 pct with payment date March
+  9, which was today quoted at -0.90 to -1.10 pct.
+      Even classic fixed-rate issues, after being neglected since
+  the end of last year, are finding buyers, one banker said.
+      Dealers said that now the question was to see how the terms
+  of imminent operations would be set, with great market interest
+  focussed on the likely three next issues.
+      These will include an expected four to five billion franc
+  issue for Electricite de France, to be followed by a bond of
+  around one billion francs for Auxiliaire du Credit Foncier, a
+  subsidiary of the banking group Credit Foncier de France, and a
+  new issue by tender from the mortgage agency Caisse de
+  Refinancement Hypothecaire.
+  
+
diff --git a/reuters/training/2699 b/reuters/training/2699
new file mode 100644
index 0000000000000000000000000000000000000000..d04c9da50fe88146c0071d43d2153d06090fc531
--- /dev/null
+++ b/reuters/training/2699
@@ -0,0 +1,9 @@
+FIRST WOMEN'S BANK INVESTOR GROUP OFFER EXPIRES
+  The investor group owning about 42 pct
+  of the outstanding capital stock of <The First Women's Bank>
+  said a cash tender offer for the bank's remaining outstanding
+  shares at 11 dlrs per share expired on March three.
+      The investors said about 132,000 shares, or about 20 pct of
+  the outstanding, had been tendered.
+  
+
diff --git a/reuters/training/27 b/reuters/training/27
new file mode 100644
index 0000000000000000000000000000000000000000..26903b5b67392116b0626c24ac018166403a6541
--- /dev/null
+++ b/reuters/training/27
@@ -0,0 +1,13 @@
+UNITED PRESIDENTIAL CORP <UPCO> 4TH QTR NET
+  Shr 39 cts vs 50 cts
+      Net 1,545,160 vs 2,188,933
+      Revs 25.2 mln vs 19.5 mln
+      Year
+      Shr 1.53 dlrs vs 1.21 dlrs
+      Net 6,635,318 vs 5,050,044
+      Revs 92.2 mln vs 77.4 mln
+      NOTE: Results include adjustment of 848,600 dlrs or 20 cts
+  shr for 1986 year and both 1985 periods from improvement in
+  results of its universal life business than first estimated.
+  
+
diff --git a/reuters/training/2700 b/reuters/training/2700
new file mode 100644
index 0000000000000000000000000000000000000000..916e3629de1db5f5c35f876fd3db0f5c7d587713
--- /dev/null
+++ b/reuters/training/2700
@@ -0,0 +1,13 @@
+COMPUTER MEMORIES INC <CMIN> 3RD QTR LOSS
+  Period ended December 31.
+      Shr loss nine cts vs loss 1.92 dlrs
+      Net loss 950,000 vs loss 21,334,000
+      Revs 580,000 vs 22.2 mln
+      Nine Mths
+      Shr loss six cts vs loss 1.23 dlrs
+      Net loss 694,000 vs loss 13,710,000
+      Revs 5,129,000 vs 111.9 mln
+      Note: Current qtr includes tax loss of 118,000 vs loss of
+  476,000 dlrs.
+  
+
diff --git a/reuters/training/2708 b/reuters/training/2708
new file mode 100644
index 0000000000000000000000000000000000000000..874ab78811f7406c210f7c7682d5cf24f898c475
--- /dev/null
+++ b/reuters/training/2708
@@ -0,0 +1,13 @@
+TRENWICK GROUP INC <TREN> 4TH QTR NET
+  Oper shr profit 18 cts vs loss four cts
+      Oper net profit 1,847,000 vs loss 282,000
+      Revs 25.9 mln dlrs vs 8,626,000 drs
+      12 mths
+      Oper shr profit 39 cts vs loss 24 cts
+      Oper net profit 3,262,000 vs loss 1,555,000
+      revs 67.5 mln vs 27.9 mln dlrs.
+      NOTE: 1986 qtr and year excludes investment gains of
+  1,541,000 and 1,865,000, respectively, and 1985 qtr and year
+  includes investment gains of 301,000 dlrs and 1,424,000.
+  
+
diff --git a/reuters/training/2709 b/reuters/training/2709
new file mode 100644
index 0000000000000000000000000000000000000000..fbd279b7ef547a0b8c460965d986659f1e5ba494
--- /dev/null
+++ b/reuters/training/2709
@@ -0,0 +1,45 @@
+IMF URGES BELGIUM TO MAKE FURTHER SPENDING CUTS
+  The Belgian government, which
+  introduced large-scale public spending reductions last year,
+  has been told by an International Monetary Fund team there is
+  scope for further cuts in 1988.
+      The suggestion is contained in the preliminary conclusions
+  of the annual IMF consultations with Belgium on its economic
+  policy, a copy of which was distributed to journalists at the
+  weekly press conference following meetings of the cabinet.
+      The IMF team also urges Belgium to adopt a firm interest
+  rate policy, with a particular emphasis on long-term rates.
+      The team's report to the government praises last year's
+  spending cuts, which are due to reduce 1987 government spending
+  by 195 billion francs, and says 1986 saw the Belgian economy
+  perform "better, on a broader basis, than at any time so far in
+  the 1980s."
+      However, it adds that with lower inflation, stabilisation
+  of the debt to gross national product ratio requires a much
+  lower budget deficit than the seven pct of GNP target the
+  government has set itself for 1989.
+      The government's net financing requirement was 11.0 pct of
+  GNP in 1986.
+      The report says "The most that can be afforded over the next
+  few years is a zero growth of real non-interest expenditure of
+  general Government."
+      It says there is a need for a revision of the Belgian tax
+  system to iron out distortions and meet hopes of a reduced tax
+  burden but substantial progress is needed in stabilising the
+  debt to GNP ratio before this is possible.
+      "Because of the difficulty of sustaining zero expenditure
+  growth and of likely growing impatience (for) tax reductions,
+  we feel that your position would be stronger if you could
+  decide on rather sharp expenditure reductions in 1988," the
+  report adds.
+      The IMF urges a strong interest rate policy to signal the
+  government's determination to keep its currency strong and to
+  curb inflation.
+      It says firmer long-term rates would slow private net
+  long-term capital outflows, which increased strongly in 1986.
+      It also urges net repayments of foreign currency debt and
+  an overhaul of domestic capital markets to facilitate the
+  subscriptions by non-residents of government bond issues in
+  Belgian francs.
+  
+
diff --git a/reuters/training/271 b/reuters/training/271
new file mode 100644
index 0000000000000000000000000000000000000000..bb120a6299e967402dc09a91301ea7413064b9d2
--- /dev/null
+++ b/reuters/training/271
@@ -0,0 +1,14 @@
+JAPAN FEBRUARY INTERIM TRADE SURPLUS JUMPS
+  Japan's customs-cleared trade surplus in
+  the first 20 days of February jumped to 3.58 billion dlrs from
+  1.94 billion a year earlier, the Finance Ministry said.
+      The February interim surplus was sharply up from a 965.04
+  mln dlr surplus in the same January period.
+      FOB exports rose 14.6 pct from a year earlier in the first
+  20 days of February to 10.91 billion, while CIF imports fell
+  3.2 pct to 7.33 billion.
+      The average dollar/yen rates were 152.32 for exports and
+  152.31 for imports against 196.61 for exports and 196.27 for
+  imports a year earlier.
+  
+
diff --git a/reuters/training/2711 b/reuters/training/2711
new file mode 100644
index 0000000000000000000000000000000000000000..29406c48ed03104606bdabbe8c59f2c1f5015e35
--- /dev/null
+++ b/reuters/training/2711
@@ -0,0 +1,14 @@
+BUSH <BSH> REVISES 4TH QTR, YEAR RESULTS UP
+  Bush Industries Inc said that
+  after an audit it has revised upwards its 1986 fourth quarter
+  and year end results. On February 12 it reported unaudited
+  results.
+      Under the audited amounts, 1986 fourth quarter income was
+  1,098,978 mln dlrs, or 55 cts a share. The unaudited income for
+  the period was 1,014,000, or 51 cts per share.
+      For the year, the audited amounts showed earnings of
+  2,505,978, or 1.25 dlrs per share. The prior results reported
+  income of 2,421,000, or 1.21 dlrs per share. Sales figures for
+  both periods did not differ significantly from prior amounts.
+  
+
diff --git a/reuters/training/2714 b/reuters/training/2714
new file mode 100644
index 0000000000000000000000000000000000000000..db9191068fac893315af336e5e46b536bf3b2463
--- /dev/null
+++ b/reuters/training/2714
@@ -0,0 +1,10 @@
+FURNITURE (UFURF) UPS BENCH CRAFT (SOFA) STAKE
+  Universal Furniture Ltd said in a
+  filing with the Securities and Exchange Commission that it had
+  increased its stake in Bench Craft Inc common stock to
+  2,548,975 shares or 45.3 pct of the total outstanding.
+      Universal said its Universal Furniture Industries N.V. unit
+  bought 235,750 Bench Craft shares March 4 in the
+  over-the-counter market.
+  
+
diff --git a/reuters/training/2718 b/reuters/training/2718
new file mode 100644
index 0000000000000000000000000000000000000000..ca0d419a09cff56c655a0af33eb46b197af6cd9b
--- /dev/null
+++ b/reuters/training/2718
@@ -0,0 +1,20 @@
+CLEVITE INDUSTRIES INC <CLEV> 4TH QTR OPER LOSS
+  Oper net loss 411,000 vs profit 875,000
+      Sales 69.7 mln vs 70.5 mln
+      Year
+      Oper net profit 6,258,000 vs profit 4,785,000
+      Sales 299.5 mln vs 297.2 mln
+      Note: Company made initial public offering in June, 1986.
+  Assuming the offering had occurred on Jan. 1, 1986, operating
+  net income per share would have been 85 cts a share for 1986.
+      1986 oper net excludes one-time charge of 16.8 mln dlrs, or
+  2.46 dlrs a share, in qtr and year due to the February 1987
+  sale of the company's engine parts division. Oper net for 1986
+  year also includes profit from discontinued operations of
+  360,000 dlrs, or five cts a share.
+      Oper net for 1986 excludes extraordinary loss of 1.1 mln
+  dlrs, or 17 cts a share, due to the June 1986 write-off of
+  unamortized debt issue costs from the public offering. 1985
+  oper net excludes extraordinary profit of 1.1 mln dlrs.
+  
+
diff --git a/reuters/training/272 b/reuters/training/272
new file mode 100644
index 0000000000000000000000000000000000000000..3bbcad250e139615a1b5870e3e1226490cb029bb
--- /dev/null
+++ b/reuters/training/272
@@ -0,0 +1,14 @@
+NIPPON LIGHT METAL CONTINUES ALUMINIUM OUTPUT CUT
+  Nippon Light Metal Co Ltd <NLGT.T>, which
+  has annual capacity of 63,000 tonnes, will continue primary
+  aluminium production at a rate of 35,000 tonnes owing to low
+  domestic and world prices and low water supplies at its
+  hydroelectric power plant, a company official said.
+      Nippon, which has no plans to restore output to the 48,000
+  tonnes a year at which it was working until late 1986, will
+  become Japan's only smelter.
+      <Ryoka Light Metal Industries Ltd> will stop smelting in
+  April owing to high power costs and low prices, and <Mitsui
+  Aluminium Co Ltd> has said it stopped smelting in February.
+  
+
diff --git a/reuters/training/2720 b/reuters/training/2720
new file mode 100644
index 0000000000000000000000000000000000000000..af159c387fdb0ed66b3d22ed5980458cbc2fb4b3
--- /dev/null
+++ b/reuters/training/2720
@@ -0,0 +1,11 @@
+CMS ADVERTISING SETS 3-FOR-2 STOCK SPLIT
+  <CMS Advertising Inc> said its
+  board has approved a three-for-two stock split in the form of a
+  dividend payable March 30 to holders of record March 16.
+      The company said a similar split was paid December eight,
+  leaving it with 2,344,200 shares outstanding.
+      CMS Advertising said the next split will result in a
+  proportionate reduction in the exercise price of its stock
+  purchase warrants to 1.67 dlrs a share from 2.50 dlrs.
+  
+
diff --git a/reuters/training/2722 b/reuters/training/2722
new file mode 100644
index 0000000000000000000000000000000000000000..310db43ac92e0c937f5e580a12c5285105005afa
--- /dev/null
+++ b/reuters/training/2722
@@ -0,0 +1,7 @@
+CIE FINANCIERE DE PARIBAS <PARI.PA> 1986 YEAR
+  Parent company net profit 385 mln francs vs 226.9 mln
+      Dividend five francs vs no comparison
+      Note - The financial and banking group was privatised by
+  the government in January this year.
+  
+
diff --git a/reuters/training/2723 b/reuters/training/2723
new file mode 100644
index 0000000000000000000000000000000000000000..84841560f912bf646f68162728271ab753d02287
--- /dev/null
+++ b/reuters/training/2723
@@ -0,0 +1,3 @@
+ 6-MAR-1987 12:28:37.20
+   6-MAR-1987 12:28:37.20
+
diff --git a/reuters/training/2725 b/reuters/training/2725
new file mode 100644
index 0000000000000000000000000000000000000000..5f66daebdad316896189cc89e4f046226d81bd3a
--- /dev/null
+++ b/reuters/training/2725
@@ -0,0 +1,76 @@
+BANK OF ENGLAND PRESSURE HOLDS BASE RATES
+  This week's Bank of England resistance to
+  strong market pressure for lower interest rates succeeded in
+  holding bank base rates at 11 pct.
+      But at a cost of threatening the Chancellor of the
+  Exchequer Nigel Lawson's policy, stated at the end of the Paris
+  Group of Six meeting last month, that he wanted to see sterling
+  broadly stable about then prevailing levels, market sources
+  said.
+      Since then, the pound has risen to 71.8 pct on its closing
+  trade-weighted index, up from 69.7 pct imediately after the
+  Paris meeting and up 0.4 on the day.
+      Today's peak at 72.0 pct was its highest since August 19.
+      A Treasury spokesman said Lawson had said he neither wanted
+  a substantial rise or fall in sterling. The question is
+  therefore how large a rise he is ready to see before acting.
+      Paul Temperton, chief economist at Merrill Lynch Europe
+  Ltd, estimated that the government wanted to see the
+  trade-weighted index about 72-73 pct. "Even after this action
+  over the last few weeks, sterling's only just within striking
+  distance of that range," he said.
+      Other analysts agree that the government probably has some
+  broad target range around this area.
+      However, they said Lawson would be prepared to see the
+  pound go higher at least in the short term, despite the risk of
+  a loss of export competitiveness and cheaper prices on imports.
+      "If the Bank of England keeps the interest rates as they
+  are, what's to stop it (going higher)," said John Cox, executive
+  director of EBC Amro Bank Ltd, a major operator on the London
+  foreign exchange market.
+      Cox estimates that the Bank of England has been active
+  selling sterling over the past few days, despite the lack of
+  general market talk of such intervention, and this has helped
+  keep it below 1.60 dlrs.
+      The pound rose to 1.5870 dlrs from 1.5764 yesterday and
+  1.5400 February 23, the day after the Paris meeting.
+      But Cox says the government must be worried with sterling
+  heading toward 2.95 marks and would be very concerned if it
+  holds around these levels.
+      He warned the Bank may run the risk of missing the interest
+  rate boat. "If rates don't come down, the market will say they
+  ought to have come down and will sell sterling," he said.
+      Most dealers agree there is a good deal of "hot money" being
+  invested in sterling, money simply attracted by high overnight
+  or one-week rates, which could flow out at equally short
+  notice.
+      However, the authorities will hope that at least a
+  proportion of the buying reflects long-term investment.
+      "The last thing they want to do is reduce them (rates) and
+  have to jack them back up again," said Richard Jeffrey,
+  economist at brokerage house Hoare Govett Ltd.
+      He said a half point cut would ensure continued support for
+  sterling, at least in the near term.
+      However, most analysts are still looking for a full point
+  about March 17, Budget Day.
+      The Bank must hold out until it sees the reaction to the
+  Budget, said Temperton.
+      The Budget is widely forecast to be a vote winner in the
+  run-up to a general election, the major factor behind current
+  bullishness in the government bond and currency markets.
+      "Lawson wants to delay a cut in base rates until the budget.
+  He wants it to be crowned with the glory of an interest rate
+  cut," said Ian Harwood, economist at Warburg Securities, the
+  equities arm of Mercury International Group.
+      Speculation a clearing bank might break ranks and lead the
+  way lower were confounded today. There was excitement a fall in
+  the weekly Treasury Bill rate to 9.7 pct from 10.2 pct last
+  Friday might mean the Bank had changed its mind.
+      This followed the imposition of penal lending rates of 11
+  3/4 pct on the discount houses yesterday, and was the lowest
+  since base rates were at 10 pct, early last October.
+      However, with this Bill rate pertaining to three-months
+  money, banking sources said the market could not take the cut
+  as a guide to the Bank's intentions on short term rates.
+  
+
diff --git a/reuters/training/2727 b/reuters/training/2727
new file mode 100644
index 0000000000000000000000000000000000000000..105f4f4ef5f961514da4ab01e213ae33b275161f
--- /dev/null
+++ b/reuters/training/2727
@@ -0,0 +1,17 @@
+LYNG DISAPPOINTED BY CANADA CORN INJURY DECISION
+  U.S. Agriculture Secretary Richard
+  Lyng said he is "very disappointed" by a Canadian government
+  finding that U.S. corn has injured Ontario Corn growers.
+      "This action is not helpful in the context of the ongoing
+  U.S.-Canada free trade talks or in the new round of
+  multilateral trade negotiations," Lyng said in a statement.
+      The Canadian government today said Ottawa would continue to
+  apply a duty of 84.9 cents per bushel on U.S. corn imports.
+      Lyng said the U.S. made a case that U.S. corn imports are
+  not the cause of any problem of Canadian corn producers, adding
+  that U.S. corn exports to Canada are declining.
+      "Apparently they (Canada) have ignored the fact that
+  Canadian corn and other coarse grain production is rising
+  faster than consumption," Lyng said.
+  
+
diff --git a/reuters/training/2728 b/reuters/training/2728
new file mode 100644
index 0000000000000000000000000000000000000000..080f5866b65218130899955a10a7c7bc7e7cced3
--- /dev/null
+++ b/reuters/training/2728
@@ -0,0 +1,14 @@
+BANCROFT <BCV> SHAREHOLDERS REBUKE ZICO OFFER
+  Bancroft Convertible Fund Inc, the
+  target of an unfriendly cash offer by <Zico Investment Holdings
+  Inc>, said its shareholders approved proposals requiring a
+  66-2/3 pct affirmative vote of all outstanding shares before
+  fundamental changes in its status could be made.
+      Previously, only a simple majority of outstanding shares
+  was needed to change Bancroft's investment status from a
+  diversified to a non-diversified fund, among other things.
+      Bancroft said its board continues to recommend that
+  stockholders not tender their shares to Zico, a British Virgin
+  Islands company which it said had ties to South Africa.
+  
+
diff --git a/reuters/training/2729 b/reuters/training/2729
new file mode 100644
index 0000000000000000000000000000000000000000..84bd96a07578e5d06b5649a3cc08f374f9816e8b
--- /dev/null
+++ b/reuters/training/2729
@@ -0,0 +1,13 @@
+INT'L TOTALIZATOR <ITSI> SEES BETTER 1ST QTR
+  International Totalizator Systems Inc
+  Vice President of Finance Joel Graff said he expects to report
+  an improved first quarter compared to the 377,000 dlr loss
+  reported in the year ago quarter.
+      "A profit looks quite favorable," Graff said.
+      Last week, the automated ticket systems supplier reported a
+  loss of 1.2 mln dlrs for the 1986.
+      Graff said "we invested heavily in 1986, which we believe
+  will result in higher future growth and earnings for the
+  company."
+  
+
diff --git a/reuters/training/273 b/reuters/training/273
new file mode 100644
index 0000000000000000000000000000000000000000..7eac34139edda023bd3b53450867d5aa2cfaa67e
--- /dev/null
+++ b/reuters/training/273
@@ -0,0 +1,45 @@
+SAUDI FEBRUARY CRUDE OUTPUT PUT AT 3.5 MLN BPD
+  Saudi crude oil output last month fell
+  to an average of 3.5 mln barrels per day (bpd) from 3.8 mln bpd
+  in January, Gulf oil sources said.
+      They said exports from the Ras Tanurah and Ju'aymah
+  terminals in the Gulf fell to an average 1.9 mln bpd last month
+  from 2.2 mln in January because of lower liftings by some
+  customers.
+      But the drop was much smaller than expected after Gulf
+  exports rallied in the fourth week of February to 2.5 mln bpd
+  from 1.2 mln in the third week, the sources said.
+      The production figures include neutral zone output but not
+  sales from floating storage, which are generally considered
+  part of a country's output for Opec purposes.
+      Saudi Arabia has an Opec quota of 4.133 mln bpd under a
+  production restraint scheme approved by the 13-nation group
+  last December to back new official oil prices averaging 18 dlrs
+  a barrel.
+      The sources said the two-fold jump in exports last week
+  appeared to be the result of buyers rushing to lift February
+  entitlements before the month-end.
+      Last week's high export levels appeared to show continued
+  support for official Opec prices from Saudi Arabia's main crude
+  customers, the four ex-partners of Aramco, the sources said.
+      The four -- Exxon Corp <XON>, Mobil Corp <MOB>, Texaco Inc
+  <TX> and Chevron Corp <CHV> -- signed a long-term agreement
+  last month to buy Saudi crude for 17.52 dlrs a barrel.
+      However the sources said the real test of Saudi Arabia's
+  ability to sell crude at official prices in a weak market will
+  come this month, when demand for petroleum products
+  traditionally tapers off. Spot prices have fallen in recent
+  weeks to more than one dlr below Opec levels.
+      Saudi Arabian oil minister Hisham Nazer yesterday
+  reiterated the kingdom's commitment to the December OPEC accord
+  and said it would never sell below official prices.
+      The sources said total Saudi refinery throughput fell
+  slightly in February to an average 1.1 mln bpd from 1.2 mln in
+  January because of cuts at the Yanbu and Jubail export
+  refineries.
+      They put crude oil exports through Yanbu at 100,000 bpd
+  last month, compared to zero in January, while throughput at
+  Bahrain's refinery and neutral zone production remained steady
+  at around 200,000 bpd each.
+  
+
diff --git a/reuters/training/2737 b/reuters/training/2737
new file mode 100644
index 0000000000000000000000000000000000000000..b28a963a55abd77529c35b4cfd0f3ac860cdde28
--- /dev/null
+++ b/reuters/training/2737
@@ -0,0 +1,11 @@
+BOC GROUP COMPLETES SALE OF UNIT TO CONTROLS
+  <BOC Group Inc>'s Airco
+  Distributor Gases finalized the sale of its Virginia-based gas
+  appaturs business to <Controls Corp of America>, a newly formed
+  investment group organized by former Airco employees.
+      Under the terms of the sale, Airco said Controls will
+  continue to make the gas apparaturs product line under the
+  Airco brand name, marketing the products exclusively through
+  the Airco's distributor network.
+  
+
diff --git a/reuters/training/274 b/reuters/training/274
new file mode 100644
index 0000000000000000000000000000000000000000..63460e30743ef35b62d333438cfd6f0506b7eb63
--- /dev/null
+++ b/reuters/training/274
@@ -0,0 +1,22 @@
+INDONESIAN PALM OIL OUTPUT EXPECTED TO RISE
+  Indonesia's palm oil output is expected
+  to rise and exports to increase, the U.S. Embassy said in its
+  annual report on Indonesia's agriculture sector.
+      The Indonesian government said crude palm oil (CPO) output
+  is expected to rise to 1.56 mln tonnes in 1987 and 2.11 mln in
+  1988, up from a projected 1.45 mln tonnes in 1986 and 1.26 mln
+  in 1985.
+      The 1986 projection of 1.45 mln tonnes is up from a
+  provisional figure of 1.3 mln tonnes.
+      A U.S. Embassy assessment puts 1987 output at 1.45 mln
+  tonnes, against 1.35 mln in 1986 and 1.208 mln in 1985.
+      "More realistic estimates indicate that 1988 production will
+  be between 1.5 and 1.6 mln tonnes," the report said.
+      The report said the abolition of the five pct CPO export
+  tax, the devaluation of the rupiah in September 1986 and higher
+  international palm oil prices should lead to a modest increase
+  in exports this year.
+      Exports are forecast to rise to 720,000 tonnes against
+  695,000 tonnes in 1986, the report added.
+  
+
diff --git a/reuters/training/2741 b/reuters/training/2741
new file mode 100644
index 0000000000000000000000000000000000000000..e8864f9b79e7f34427bb695822f2097d76e0594f
--- /dev/null
+++ b/reuters/training/2741
@@ -0,0 +1,16 @@
+U.S. WHEAT GROWERS WANT EEP TO SOVIET UNION
+  The U.S. National Association of
+  Wheat Growers (NAWG) urged the Reagan administration offer the
+  Soviet Union wheat under the export enhancement program (eep).
+      In a letter to Agriculture Secretary Richard Lyng, NAWG
+  stated its "strong support" for an eep offer to Moscow.
+      "We believe that a solid case continues to exist for Soviet
+  EEP eligibility, and the recently announced and reported Soviet
+  purchases of U.S. corn indicate a Soviet willingness to
+  purchase U.S. grain if it is competitively priced," NAWG said.
+      "Consequently, we believe it is important to renew the U.S.
+  eep offer and do all that is reasonably possible to ensure
+  mutual adherence to the terms of the U.S.-Soviet grain
+  agreement," the letter said.
+  
+
diff --git a/reuters/training/2742 b/reuters/training/2742
new file mode 100644
index 0000000000000000000000000000000000000000..0574ce7a05cb0effa272a2add10b556a723e97cf
--- /dev/null
+++ b/reuters/training/2742
@@ -0,0 +1,34 @@
+ABN SAYS PROFIT RISE ENCOURAGING IN VIEW DOLLAR
+  Algemene Bank Nederland N.V. <ABNN.AS>
+  chairman Robertus Hazelhoff said the bank's 10.3 pct increase
+  in net 1986 profit to 527 mln guilders from 478 mln in 1985 was
+  encouraging in view of the sharply lower dollar.
+      Hazelhoff, speaking at a press conference after the release
+  of ABN's 1986 results, said a sharp decrease in foreign
+  earnings had been compensated by a strong domestic performance,
+  notably in the securities business.
+      He said the bank was also proposing a one for 10
+  share-split which should facilitate trade in the bank's stock.
+      News of the split sparked a 14 guilder rise in ABN's share
+  price on the Amsterdam bourse to a close of 517 guilders.
+      Prospects for 1987 hung on three uncertainties, namely the
+  future trend of the dollar, the level of interest rates and
+  ABN's share of equities trade, Hazelhoff said.
+      Provisions for general contingencies were reduced in 1986
+  by 4.1 pct to 575 mln guilders, while taxes increased by 2.1
+  pct to 242 mln guilders, he added.
+      Lower global interest rates in 1986 had nipped earnings
+  margins via traditional lending activities, he said.
+      Hazelhoff said ABN was unlikely to continue reducing risk
+  provisions in the future but he noted the bank was not overly
+  concerned about default by Latin American debtors, a factor
+  which brokers say has distanced Dutch insititutions from bank
+  stocks recently.
+      He said that of the bank's estimated 25 financially
+  troubled sovereign debtors, about one quarter were Latin
+  American countries. These would ultimately pay up, he said.
+      He added that losses incurred through loans to tin
+  producers in the wake of the tin council crisis at end-1985 had
+  been written off.
+  
+
diff --git a/reuters/training/2743 b/reuters/training/2743
new file mode 100644
index 0000000000000000000000000000000000000000..2943bf379daf5e37f37e275f15c1aeb1d237e360
--- /dev/null
+++ b/reuters/training/2743
@@ -0,0 +1,5 @@
+CANADIAN MONEY SUPPLY M-1 RISES 217 MLN DLRS IN WEEK, BANK OF CANADA SAID
+
+  CANADIAN MONEY SUPPLY M-1 RISES 217 MLN DLRS IN WEEK, BANK OF CANADA SAID
+  
+
diff --git a/reuters/training/2744 b/reuters/training/2744
new file mode 100644
index 0000000000000000000000000000000000000000..61029ed2fadba38646665e7f3083c4bb3f4f330d
--- /dev/null
+++ b/reuters/training/2744
@@ -0,0 +1,28 @@
+CANADIAN MONEY SUPPLY RISES IN WEEK
+  Canadian narrowly-defined money supply
+  M-1 rose 217 mln dlrs to 32.80 billion dlrs in week ended
+  February 25, Bank of Canada said.
+      M-1-A, which is M-1 plus daily interest chequable and
+  non-personal deposits, rose 556 mln dlrs to 75.19 billion dlrs
+  and M-2, which is M-1-A plus other notice and personal
+  fixed-term deposit rose 651 mln dlrs to 176.87 billion dlrs.s
+      M-3, which is non-personal fixed term deposits and foreign
+  currency deposits of residents booked at chartered banks in
+  Canada, rose 992 mln dlrs to 216.03 billion dlrs.
+      Chartered bank general loans outstanding rose 481 mln dlrs
+  to 124.99 billion dlrs.
+      Canadian liquid plus short term assets fell 854 mln dlrs to
+  35.40 billion dlrs and total Canadian dollar major assets of
+  the chartered banks fell 118 mln dlrs to 221.20 billion dlrs.
+      Chartered bank net foreign currency assets fell 23 mln dlrs
+  to minus 1.92 billion dlrs.
+      Notes in circulation totalled 16.24 billion dlrs, up 76 mln
+  dlrs from the week before.
+      Government cash balances fell 565 mln dlrs to 4.31 billion
+  dlrs in week ended March 4.
+      Government securities outstanding rose 1.25 billion dlrs to
+  224.09 billion dlrs in week ended March 4, treasury bills rose
+  950 mln dlrs to 74.55 billion dlrs and Canada Savings Bonds
+  fell 57 mln dlrs to 44.34 billion dlrs.
+  
+
diff --git a/reuters/training/2746 b/reuters/training/2746
new file mode 100644
index 0000000000000000000000000000000000000000..936d67e691ad3ff24cce847f8d5c69452ca5ff64
--- /dev/null
+++ b/reuters/training/2746
@@ -0,0 +1,23 @@
+FRENCH GOVERNMENT TO STEP UP AID TO JOBLESS
+  The government plans to go ahead with a
+  three billion franc package to help the long-term unemployed,
+  with the aim of guaranteeing social security payments to
+  everyone becoming redundant, government officials said.
+      At present only about one-third of the country's 2.6 mln
+  jobless, corresponding to 10.9 pct of the workforce, receive
+  unemployment benefit.
+      Prime Minister Jacques Chirac told a television
+  interviewer, "As soon as the law is approved, and it will be in
+  a matter of weeks, all workers made redundant will have the
+  right to social benefits."
+      The money, which will be used to alleviate unemployment
+  through retraining or project finance, will come from a 7.5
+  billion franc government fund set up last month to finance
+  spending on special areas of concern.
+      Apart from unemployment, these include relief to farmers
+  hit by European Community cost-cutting measures.
+      French unemployment has risen by more than 40 pct from 1.8
+  mln when socialist President Francois Mitterrand took office in
+  1981.
+  
+
diff --git a/reuters/training/2747 b/reuters/training/2747
new file mode 100644
index 0000000000000000000000000000000000000000..ddd038b7268231d4835d98607fe58489eba2b67d
--- /dev/null
+++ b/reuters/training/2747
@@ -0,0 +1,20 @@
+USSR WHEAT BONUS OFFER SAID STILL UNDER DEBATE
+  The Reagan administration continues
+  to debate whether to offer subsidized wheat to the Soviet
+  Union, but would need assurances from the Soviets that they
+  would buy the wheat before the subsidy offer would be made, a
+  senior U.S. Agriculture Department official said.
+      "I think it still is under active debate whether or not it
+  would be advisable" to make an the export enhancement offer to
+  the Soviets, Thomas Kay, administrator of the department's
+  Foreign Agriculture Service, told Reuters.
+      "We'd need some assurances from them (the Soviets) that they
+  would buy if offered" the wheat under the subsidy plan, he said.
+  Kay called reports that such an offer was imminent "premature."
+      The Reagan administration's cabinet-level Economic Policy
+  Council is set to meet today to discuss, among other matters,
+  agricultural policy but is not expected to address a wheat
+  subsidy offer to the Soviet Union, administration officials
+  said earlier.
+  
+
diff --git a/reuters/training/2748 b/reuters/training/2748
new file mode 100644
index 0000000000000000000000000000000000000000..3bb9e85c09bc916e65a530dc4d9803b9c338a21c
--- /dev/null
+++ b/reuters/training/2748
@@ -0,0 +1,11 @@
+SUN ELECTRIC CORP <SE> 1ST QTR JAN 31 OPER NET
+  Oper shr profit nine cts vs loss seven cts
+      Oper net profit 628,000 vs loss 491,000
+      Sales 50.7 mln vs 41.8 mln
+      Avg shrs 7,033,000 vs 6,557,000
+      Note: Oper net excludes extraordinary profit of 423,000
+  dlrs, or six cts a shr, and 110,000 dlrs, or one ct a share,
+  respectively, in 1987 and 1986 quarters, from utilization of
+  tax loss carryforwards.
+  
+
diff --git a/reuters/training/2749 b/reuters/training/2749
new file mode 100644
index 0000000000000000000000000000000000000000..3858133cbcc0ab924a1e962b45d35e1bcfaefeba
--- /dev/null
+++ b/reuters/training/2749
@@ -0,0 +1,17 @@
+CANADA CORN DECISION UNJUSTIFIED - YEUTTER
+  U.S. trade representative Clayton
+  Yeutter said Canada's finding announced today that U.S. corn
+  imports injure Canadian farmers is "totally unjustified."
+      "U.S. corn exports to Canada are so small that it is
+  inconceivable that they injure Canadian corn farmers by any
+  reasonable measure," Yeutter said in a statement.
+      He said if other countries follow Canada's lead it could
+  result in "a rash of protectionist actions throughout the
+  world." French corn growers have recently indicated they will
+  challenge U.S. corn gluten feed shipments to Europe.
+      Yeutter said the U.S. will examine the Canadian decision
+  closely and if the U.S. believes the decision was not based on
+  facts, "will carefully evaluate appropriate responses." Yeutter
+  did not say what steps the U.S. may take in response.
+  
+
diff --git a/reuters/training/275 b/reuters/training/275
new file mode 100644
index 0000000000000000000000000000000000000000..68ecfb2b38cef7f05d0c6e5d7e7170811b54168d
--- /dev/null
+++ b/reuters/training/275
@@ -0,0 +1,43 @@
+INDONESIAN TEA, COCOA EXPORTS SEEN UP, COFFEE DOWN
+  Indonesia's exports of tea and cocoa
+  will continue to rise in calendar 1987 but coffee exports are
+  forecast to dip slightly in 1987/88 (April-March) as the
+  government tries to improve quality, the U.S. Embassy said.
+      The embassy's annual report on Indonesian agriculture
+  forecast coffee output in 1986/87 would be 5.77 mln bags of 60
+  kilograms each. That is slightly less than the 5.8 mln bags
+  produced in 1985/86.
+      In 1987/88 coffee production is forecast to rise again to
+  5.8 mln bags, but exports to dip to 4.8 mln from around 5.0 mln
+  in 1986/87. Exports in 1985/86 were 4.67 mln bags.
+      The embassy report says coffee stocks will rise to 1.3 mln
+  tonnes in 1987/88 from 1.15 mln in 1986/87. It bases this on a
+  fall in exports as a result of the "probable" re-introduction of
+  quotas by the International Coffee Organisation.
+      Cocoa production and exports are forecast to rise steadily
+  as the government develops cocoa plantations. Production of
+  cocoa in Indonesia increased to 32,378 tonnes in calendar 1985
+  from 10,284 tonnes in 1980. It is projected by the government
+  to rise to more than 50,000 tonnes by 1988.
+      Production in 1986 is estimated by the embassy at 35,000
+  tonnes, as against 38,000 tonnes in 1987.
+      The report forecasts cocoa exports to rise to 35,000 tonnes
+  this year, from 33,000 tonnes in 1986 and 31,000 in 1985.
+      The Netherlands is at present the biggest importer of
+  Indonesian cocoa beans.
+      The report forecasts that in calendar 1987, Indonesia's CTC
+  (crushed, torn and curled) tea exports will increase
+  significantly with the coming on stream of at least eight new
+  CTC processing plants.
+      Indonesia plans to diversify its tea products by producing
+  more CTC tea, the main component of tea bags.
+      Production of black and green teas is forecast in the
+  embassy report to rise to 125,000 tonnes in calendar 1987 from
+  123,000 tonnes in 1986.
+      Exports of these teas are likely to rise to 95,000 tonnes
+  in 1987 from 85,000 in 1986 and around 90,000 in 1985.
+      The embassy noted the ministry of trade tightened quality
+  controls on tea in October 1986 in an effort to become more
+  competititve in the world market.
+  
+
diff --git a/reuters/training/2750 b/reuters/training/2750
new file mode 100644
index 0000000000000000000000000000000000000000..7319a0dc74386a405f817f404debdee5169c3179
--- /dev/null
+++ b/reuters/training/2750
@@ -0,0 +1,15 @@
+CETEC CORP <CEC> 4TH QTR NET
+  Oper shr two cts vs eight cts
+      Oper net 41,000 vs 153,000
+      Sales 7,456,000 vs 7,965,000
+      Year
+      Oper shr 22 cts vs 50 cts
+      Oper net 434,000 vs 1,103,000
+      Sales 31 mln vs 33.6 mln
+      Note: Current qtr and year figures exclude loss from
+  discontinued operations of 384,000 dlrs, or 20 cts per share.
+      Prior qtr and year figures exclude losses from discontinued
+  operations of 1.9 mln dlrs, or 88 cts per share and 2.3 mln
+  dlrs, or 1.07 dlrs per share, respectively.
+  
+
diff --git a/reuters/training/2751 b/reuters/training/2751
new file mode 100644
index 0000000000000000000000000000000000000000..be34d6f9ff23e9956460cffd83fcca3d4806ea09
--- /dev/null
+++ b/reuters/training/2751
@@ -0,0 +1,12 @@
+RICHTON INTERNATIONAL CORP <RIHL> 3RD QTR JAN 31
+  Shr 18 cts vs 39 cts
+      Net 507,000 vs 762,000
+      Sales 11.3 mln vs 11.7 mln
+      Avg shrs 2,789,000 vs 1,961,000
+      Nine mths
+      Shr 39 cts vs 90 cts
+      Net 1,076,000 vs 1,752,000
+      Sales 32.9 mln vs 33.3 mln
+      Avg shrs 2,771,000 vs 1,955,000
+  
+
diff --git a/reuters/training/2752 b/reuters/training/2752
new file mode 100644
index 0000000000000000000000000000000000000000..56ffafd50b3c97c5c3e7e06e204511a99318be42
--- /dev/null
+++ b/reuters/training/2752
@@ -0,0 +1,10 @@
+VALTEK INC <VALT> 3RD QTR JAN 31 NET
+  Shr 18 cts vs 19 cts
+      Net 400,413 vs 421,451
+      Revs 9,343,228 vs 8,213,449
+      Nine mths
+      Shr 39 cts vs 46 cts
+      Net 853,891 vs 1,011,999
+      Revs 24.6 mln vs 22.3 mln
+  
+
diff --git a/reuters/training/2754 b/reuters/training/2754
new file mode 100644
index 0000000000000000000000000000000000000000..b441037e4e8ddadc0a7109ac7d9eaf495f783c5b
--- /dev/null
+++ b/reuters/training/2754
@@ -0,0 +1,10 @@
+THE WRITER CORP <WRTC> 4TH QTR LOSS
+  Shr loss 30 cts vs profit 11 cts
+      Net loss 1,247,000 vs profit 454,000
+      Revs 12.3 mln vs 17.5 mln
+      Year
+      Shr loss 24 cts vs profit 32 cts
+      Net loss 979,000 vs profit 1,303,000
+      Revs 60.6 mln vs 61.7 mln
+  
+
diff --git a/reuters/training/2756 b/reuters/training/2756
new file mode 100644
index 0000000000000000000000000000000000000000..5b1e439bfd47b5b0313419c7dff298ecd5ea217c
--- /dev/null
+++ b/reuters/training/2756
@@ -0,0 +1,8 @@
+ROCKY MOUNTAIN MEDICAL CORP <RMEDU> 1ST QTR LOSS
+  Dec 31
+      Shr loss one ct
+      Net loss 176,639
+      Revs 150,300
+      NOTE: Company went public in April 1986.
+  
+
diff --git a/reuters/training/2757 b/reuters/training/2757
new file mode 100644
index 0000000000000000000000000000000000000000..a3090f716997a4d73b0641f7794317574fc849ad
--- /dev/null
+++ b/reuters/training/2757
@@ -0,0 +1,9 @@
+FIRST AMERICAN BANK AND TRUST <FIAMA> YEAR NET
+  Shr 91 cts vs 1.25 dlrs
+      Net 8,710,000 vs 11.7 mln
+      Avg shrs 9,526,287 vs 9,362,379
+      NOTE: Share adjusted for 10 pct stock dividend in May 1986.
+      Net includes loan loss provisions of 12.7 mln dlrs vs
+  2,400,000 dlrs.
+  
+
diff --git a/reuters/training/2760 b/reuters/training/2760
new file mode 100644
index 0000000000000000000000000000000000000000..b4269ee8d28fccf81f0f9b9cd41d964e6f3dedef
--- /dev/null
+++ b/reuters/training/2760
@@ -0,0 +1,14 @@
+INDIA AGAIN IN MARKET FOR SUGAR - TRADE
+  India has called a fresh buying tender
+  for up to four 13,000 tonne cargoes of white sugar on March 11,
+  traders here said.
+      The tender calls for one cargo of prompt sugar and two to
+  three with March/April shipment sugar, or the same as the eight
+  cargoes bought at a tender two days ago. That tender originally
+  only sought two to three cargoes but resulted in the sale of
+  eight. India also granted the sellers options to sell twice
+  that amount at the same price but for April/May shipment.
+      Depending on prices, traders said it would be likely for
+  India again to buy more than the tonnage formally sought.
+  
+
diff --git a/reuters/training/2761 b/reuters/training/2761
new file mode 100644
index 0000000000000000000000000000000000000000..7776d5eb1b57f0a865da53749c3a206b0f94bc89
--- /dev/null
+++ b/reuters/training/2761
@@ -0,0 +1,10 @@
+<WARRANTECH CORP> 3RD QTR DEC 31 NET
+  Shr profit nil vs loss nil
+      Net profit 28,565 vs loss 204,553
+      Revs 507,529 vs 6,563
+      Nine mths
+      Shr loss nil vs loss nil
+      Net loss 404,011 vs loss 649,495
+      Revs 938,345 vs 32,535
+  
+
diff --git a/reuters/training/2762 b/reuters/training/2762
new file mode 100644
index 0000000000000000000000000000000000000000..c6a411e2d1e7305071378e2ed9bd099f88e390d4
--- /dev/null
+++ b/reuters/training/2762
@@ -0,0 +1,20 @@
+PIONEER GROUP <PIOG> UNIT GETS MORE LAND
+  The Pioneer Group Inc said its 70
+  pct-owned Teberebie Goldfields Ltd venture has been granted an
+  additional concession of land in Ghana to look for and mine
+  gold.
+      The State Gold Mining Corp of Ghana granted the venture an
+  additional 14.5 square kilometers in Teberebie, Ghana,
+  contiguous to 11.5 square kilometers granted earlier, the
+  company said.
+      The original concession appears to have a substantial
+  amount of gold bearing material containing about 2 grams, or
+  6/100 ounces, of gold per metric ton.
+      But the venture has no firm estimates on the costs of
+  extracting the gold and no assurances can be given that the
+  reserves can be mined profitably, the company said.
+      It said Teberebie Goldfields has not conducted tests on the
+  newly granted land but added the land seems to be similar in
+  geological characteristics to the original land.
+  
+
diff --git a/reuters/training/2763 b/reuters/training/2763
new file mode 100644
index 0000000000000000000000000000000000000000..f447d9c2d1e81d7f32f8d740a28fbf16d1acf086
--- /dev/null
+++ b/reuters/training/2763
@@ -0,0 +1,13 @@
+INSITUFORM <IGLSF> RAISES STAKE IN UNIT
+  Insituform Group Ltd of Guernsey,
+  Channel Islands, said it has exercised an option to convert a
+  250,000 stg loan to affiliate Insituform Permaline Ltd to
+  common shares, raising its stake in the unit to 75 pct from 50
+  pct.
+      The remainder is held by Permaline's management and an
+  investment group.
+      Insituform also said James Colclough has resigned from its
+  board for health reasons and secretary Scott Saltpeter has
+  resigned, effective June Five.
+  
+
diff --git a/reuters/training/2764 b/reuters/training/2764
new file mode 100644
index 0000000000000000000000000000000000000000..f2695fceffded78d51dcde799615fc89812a668c
--- /dev/null
+++ b/reuters/training/2764
@@ -0,0 +1,23 @@
+COPPER MEETING AGREES GOALS OF STUDY GROUP
+  The world's major copper producing and
+  consuming countries have reached "a degree of consensus" on
+  objectives and functions of a future study group aimed at
+  reviewing the world copper market, officials said.
+      Governments represented at a meeting to consider a proposed
+  forum for copper have recommended that another session be held
+  in September to consider further the nature of such a group, a
+  spokesman for the United Nations Conference on Trade and
+  Development (UNCTAD) said.
+      The one-week meeting, which ended today, was held to
+  examine a U.S. Initiative to set up a copper study group.
+      The new body would not aim at negotiating measures to
+  stabilise depressed world prices.
+      Its objectives would include increasing market
+  transparency, through improved statistics, and undertaking
+  activities aimed at developing the copper market and
+  contributing to improvement of demand.
+      UNCTAD's spokesman said, "Once they have agreed on detailed
+  functions and objectives, then the way will be cleared to
+  setting up the body."
+  
+
diff --git a/reuters/training/2765 b/reuters/training/2765
new file mode 100644
index 0000000000000000000000000000000000000000..10973bec637e1dfda730a504f6fb3291bf88f6bc
--- /dev/null
+++ b/reuters/training/2765
@@ -0,0 +1,42 @@
+LIFFE FEBRUARY VOLUMES DOWN, BUT EURODOLLARS UP
+  Total futures and options turnover on the
+  London International Financial Futures Exchange (LIFFE) fell
+  slightly during February, although daily average Eurodollar
+  volume set a new record, LIFFE said today.
+      Total futures and options turnover last month was 822,378
+  contracts, down from January's 881,778, but sharply above the
+  comparative February 1986 figure of 463,146 lots, it said.
+      Eurodollar turnover during February was 140,417 lots,
+  against January's 100,941 and the year ago figure of 81,648.
+  The daily average was a record 7,020 lots, up four pct from the
+  previous record, set in March 1985.
+      February trading encompassed a new daily record of 66,087
+  contracts on the 19th of the month, exceeding the previous
+  record of 61,398, which had been set on February 6, LIFFE said.
+      FT-SE 100 index futures volume was sharply higher during
+  February, with 22,109 contracts trading, against January's
+  15,279 and the year-ago level of 8,181.
+      Open interest also set new records last month in
+  Eurodollars at 29,372 contracts, in FT-SE 100 at 4,898 and in
+  short sterling interest rate futures at 19,846 lots.
+      Key futures volumes as detailed by LIFFE were:
+                   Feb'87   Jan'87    Feb'86
+   Long gilt      424,865  525,354   134,420
+   Eurodollar     140,417  100,941    81,648
+   Short sterling  94,720   87,619    67,640
+   T-bond          84,694   87,980   133,766
+   FT-SE           22,109   15,279     8,181
+   Currencies       2,799    2,112     7,737
+   Short gilt          74       85     6,516
+      Key options volumes as detailed by LIFFE were:
+                Feb'87    Jan'87     Feb'86
+   Long gilt     44,640    54,329     ----
+   Eurodollar     3,580     1,720     2,844
+   T-bond         1,737     3,479     ----
+   Sterling       1,466     2,223    18,191
+   FT-SE          1,277       657     ----
+   Total options 52,700    62,408    23,238
+      (Long gilt, T-bond and FT-SE index options were not trading
+  in February 1986).
+  
+
diff --git a/reuters/training/2767 b/reuters/training/2767
new file mode 100644
index 0000000000000000000000000000000000000000..0b168d86dfd59ec4cef7e2361b8ea87832ebdf27
--- /dev/null
+++ b/reuters/training/2767
@@ -0,0 +1,14 @@
+COLOMBIAN OIL EXPORTS NOT AFFECTED BY QUAKE
+  Colombian oil installations were not
+  damaged by an earthquake which shook Ecuador and southern
+  Colombia last night and there are no plans to suspend exports,
+  a spokesman for the state-run oil company Ecopetrol said.
+      He said no damage was reported, unlike in Ecuador where
+  indefinite force majeure was declared on crude exports.
+      Colombia currently produces about 360,000 barrels per day
+  (bpd) of crude. Exports in january totalled 123,000 bpd.
+      The quake, which in Colombia measured between 6.5 and seven
+  on the 12-point international Mercalli scale, caused panic
+  among residents but no injuries were reported.
+  
+
diff --git a/reuters/training/2768 b/reuters/training/2768
new file mode 100644
index 0000000000000000000000000000000000000000..f5a410abaea3c18e651ce68d72845342004a9267
--- /dev/null
+++ b/reuters/training/2768
@@ -0,0 +1,24 @@
+CHICAGO MILWAUKEE <CHG> GREETS SHEARSON STAKE
+  Chicago Milwaukee Corp said it welcomed
+  an investment by Shearson Lehman Brothers Inc in its company.
+      Yesterday, Shearson Lehman, a subsidiary of American
+  Express Co (AXP), disclosed in a Securities and Exchange
+  Commission filing that it holds a 5.35 pct interest in Chicago
+  Milwaukee.
+      Chicago Milwaukee's stock edged up 2-1/8 to 138 on turnover
+  of 8,100 shares, as one of the biggest gainers on the NYSE. The
+  stock has been trading in a 154 to 128 range for the last 52
+  weeks.
+      Edwin Jacobson, Chicago Milwaukee president, declined to
+  comment on movement of the company's stock but said,"From an
+  investment point of view, we are pleased to have Shearson,
+  Lehman as a substantial investor."
+      Shearson, Lehman purchased the shares for investment
+  purposes and may continue buying shares depending on market
+  conditions, according to the filing.
+      Chicago Milwaukee, which sold its railroad interests to Soo
+  Line Railroad Co (SOO) in February 1985, currently manages and
+  sells its real estate which consists of 28,000 parcels in 11
+  states.
+  
+
diff --git a/reuters/training/2769 b/reuters/training/2769
new file mode 100644
index 0000000000000000000000000000000000000000..f346ed9c98180212b457f96dcf337c6750b21610
--- /dev/null
+++ b/reuters/training/2769
@@ -0,0 +1,11 @@
+DAUPHIN DEPOSIT <DAPN> TO MAKE ACQUISITION
+  Dauphin Deposit Corp said it has
+  signed a letter of intent to acquire Colonial Bancorp Inc of
+  New Holland, Pa., in an exchange of 3.6 to 4.4 Dauphin shares
+  for each colonial share, depending on the market value of
+  Dauphin shares just before the merger takes place.
+      The company said the acquisition is subject to approval by
+  Colonial shareholders and regulatory authorities.  Colonial had
+  assets at year-end of about 150 mln dlrs.
+  
+
diff --git a/reuters/training/2771 b/reuters/training/2771
new file mode 100644
index 0000000000000000000000000000000000000000..3522f7dfa52ccdf3dcf7e5e33577f51995458600
--- /dev/null
+++ b/reuters/training/2771
@@ -0,0 +1,6 @@
+VAN DORN CO <VDC> SETS QUARTERLY
+  Qtly div 27-1/2 cts vs 27-1/2 cts prior
+      Pay May One
+      Record April 17
+  
+
diff --git a/reuters/training/2772 b/reuters/training/2772
new file mode 100644
index 0000000000000000000000000000000000000000..462f40ac1da857e012a24afb46208f42ec88d4cc
--- /dev/null
+++ b/reuters/training/2772
@@ -0,0 +1,6 @@
+M.D.C. HOLDINGS INC <MDC> SETS QUARTERLY
+  Qtly div 10 cts vs 10 cts prior
+      Pay March 31
+      Record March 16
+  
+
diff --git a/reuters/training/2773 b/reuters/training/2773
new file mode 100644
index 0000000000000000000000000000000000000000..9071657f74ffd1a0d721f7c87f17d12799c08a9b
--- /dev/null
+++ b/reuters/training/2773
@@ -0,0 +1,6 @@
+CHUBB CORP <CB> SETS QUARTERLY
+  Qtly div 42 cts vs 42 cts prior
+      Pay April Seven
+      Record March 20
+  
+
diff --git a/reuters/training/2775 b/reuters/training/2775
new file mode 100644
index 0000000000000000000000000000000000000000..b00981f7215719b9d035133350b3c0baecb71232
--- /dev/null
+++ b/reuters/training/2775
@@ -0,0 +1,78 @@
+CRUDE OIL PRICES UP AS STOCKS, OUTPUT FALL
+  U.S. crude oil prices rose above 18 
+  dlrs a barrel this week and industry analysts said the price
+  could rise another dollar as inventories fall.
+      "OPEC is keeping its production down, and in the cash market
+  there is tight supply of crude with short transportation time
+  to major refining centers," said Daniel McKinley, oil analyst
+  with Smith Barney, Harris Upham and Co. "That could send prices
+  50 cts to a dollar higher," he added.
+      The U.S. benchmark crude West Texas Intermediate rose to
+  18.15 dlrs a barrel today, a rise of 1.50 dlrs this week.
+      The rally in oil prices this week came after prices fell in
+  February more than two dlrs from its high of 18.25 dlrs a
+  barrel.
+      "Oil traders were pulling prices down on the assumption that
+  oil stocks were building and OPEC was producing well above its
+  15.8 mln bpd quota, but now both of those assumptions have come
+  under question," McKinley said.
+      Yesterday the International Energy Agency in its monthly
+  report said that oil stocks in the OECD area, or in
+  industrialized nations, were drawn down by 1.3 mln bpd during
+  the first quarter of this year.
+      IEA estimates that the draw in oil stocks during the first
+  quarter of this year will come largely from oil companies whose
+  inventory levels by April one will be an estimated 326 mln
+  tonnes, or about 74 days consumption.
+      Industry analysts also said the estimate of a 3.5 mln bpd
+  draw in stocks made by Shell Chairman Peter Holmes yesterday
+  fed speculation that other major companies were destocking.
+      Traders said the destocking has come about as a result of a
+  so-called buyers strike, which kept refiners from buying
+  officially priced OPEC oil in an effort to get the organization
+  to offer discounts to the official price.
+      "This struggle between the companies and OPEC is the
+  ultimate game of chicken but it will be resolved relatively
+  soon. I would imagine by about the middle of the month (March),"
+  the general trading manager of an international oil company
+  told Reuters in a telephone interview.
+      For its part OPEC has moved to win this game by cutting
+  excess supplies from the market by a reduction of its own
+  output, traders said. A Reuter survey estimates OPEC output to
+  be 14.7 mln bpd this week.
+      Also, an earthquake in Ecuador yesterday led it to suspend
+  oil exports indefintiely and force majeure its shipments.
+      "This will reduce short-haul availabilities by about 250,000
+  bpd almost immediately and the longer the suspension continues,
+  the larger the draw in stocks will be for companies expecting
+  it to be there," McKinley said.
+      International oil traders said that other short-haul
+  crudes, such as North Sea Brent, were also scarce because Asian
+  refiners bought the oil after absorbing a lot of the readily
+  available Mideast crudes earlier this week.
+      If this pattern continues then oil companies will bid up
+  the price of oil as they purchase for their refineries, trading
+  managers at several companies told Reuters.
+      But there were skeptics who said they wondered how long
+  OPEC can retain its unity if buyer resistance continues.
+      Stephen Hanke, chief economist at Friedburg Commodity
+  Management, said OPEC production was lower "because of the
+  Saudi cut (to 3.1 mln bpd) and this could spell trouble if it
+  gives other members an incentive to exceed their quotas."
+       He added, "The Saudis will be picking up the tab for other
+  members who produce over their quota, and the drain on the
+  Saudis will continue, forcing them to cut output maybe as low
+  as 2.5 mln bpd to support the 18 dlrs average price," he added.
+      There are also signs of some OPEC crudes being sold in the
+  spot market at below OPEC official prices, traders said.
+      Oil traders said Nigerian Brass River sold for delivery
+  into the U.S. Gulf at a price related to North Sea brent, which
+  traded this week at 17.60 dlrs, far below the official price of
+  18.92 dlrs for the similar quality Bonny Light.
+      Iranian oil is also surfacing in the U.S. Gulf and the Far
+  East at reported discounts to its 17.50 dlrs official price.
+      "There is a lot of oil priced on government-to-government
+  deals, which are below official prices and this is probably
+  being resold," one international trader said.
+  
+
diff --git a/reuters/training/2777 b/reuters/training/2777
new file mode 100644
index 0000000000000000000000000000000000000000..e2336c66203c5e4a06e28fa176b46b4ca19f2a81
--- /dev/null
+++ b/reuters/training/2777
@@ -0,0 +1,31 @@
+MGE PLANNING APRIL 6 START UP OF HFCS CONTRACT
+  The Minneapolis Grain Exchange (MGE)
+  will start trading futures contracts in high fructose corn
+  syrup on April 6 if the Commodity Futures Trading Commission
+  (CFTC) approves the contract as expected next week.
+      Pat Henderson, spokesperson for the MGE, said the exchange
+  expects contract approval at CFTC's Tuesday meeting. It has
+  been under review since the exchange submitted the proposal in
+  December, 1985.
+      The proposed contract is based on 48,000 pound lots of
+  55-pct high fructose corn syrup, the equivalent of one tank
+  truck of the sweetening agent derived from corn in the wet
+  milling process. The syrup, commonly called HFCS-55, is most
+  commonly used as a sweetener in soft drinks and other
+  beverages.
+      Delivery would be by shipping certificate from production
+  facilities designated by the exchange. The contract, designated
+  by the symbol "HF," would trade from 0900 to 1315 CST. Months
+  traded would correspond with the Chicago corn futures months of
+  March, May, July, September and December.
+      Contract price will be quoted per hundred weight, with a
+  minimum price fluctuation of one cent and maximum fluctuation
+  of one dlr per CWT.
+      "We hope the producers and users of fructose will be
+  actively involved, those producers being the large processors,
+  the corn wet millers, and the users being the beverage
+  bottlers," Henderson said. "But there are potentials for all
+  types of people to use it. There is quite a list of industries
+  that utilize fructose."
+  
+
diff --git a/reuters/training/2779 b/reuters/training/2779
new file mode 100644
index 0000000000000000000000000000000000000000..bc33369c137a9b91898165d2174f3fe086511f00
--- /dev/null
+++ b/reuters/training/2779
@@ -0,0 +1,8 @@
+FIRST FEDERAL BROOKSVILLE <FFBV> SETS QUARTERLY
+  Qtly div four cts vs four cts prior
+      Pay March 31
+      Record March 20
+      NOTE: First Federal Savings and Loan Association of
+  Brooksville.
+  
+
diff --git a/reuters/training/2781 b/reuters/training/2781
new file mode 100644
index 0000000000000000000000000000000000000000..788eb825d87f81f807c2057c388cd361440495dd
--- /dev/null
+++ b/reuters/training/2781
@@ -0,0 +1,6 @@
+ALUMINUM CO OF AMERICA <AA> REGULAR DIVIDEND
+  Qtly div 30 cts vs 30 cts in prior qtr
+      Payable May 25
+      Record May one
+  
+
diff --git a/reuters/training/2782 b/reuters/training/2782
new file mode 100644
index 0000000000000000000000000000000000000000..99066e8a8f6d58d8aa3ca6aac19b067d685dcbac
--- /dev/null
+++ b/reuters/training/2782
@@ -0,0 +1,14 @@
+<TECHNIGEN PLATINUM CORP> IN METALS FIND
+  Technigen Platinum corp said it
+  initial results of a 13-hole drilling program on its R.M. Nicel
+  platinum property in Rouyn-Noranda, Quebec, indicate
+  "extensive" near-surface zones "highly" enriched in gold,
+  platinum and palladium were found in rocks on the periphery of
+  a sulphide deposit.
+      It said values of up to 0.073 ounce of platinum, 0.206
+  ounce palladium, three pct copper and 4.5 pct nickel were found
+  over a drill section of 13 feet.
+                    
+   More
+  
+
diff --git a/reuters/training/2783 b/reuters/training/2783
new file mode 100644
index 0000000000000000000000000000000000000000..935bf125fb3bda5ad04f46f73d3e89b37bc0b9c4
--- /dev/null
+++ b/reuters/training/2783
@@ -0,0 +1,33 @@
+SIEMENS WANTS TO AMEND TELECOM PLUS <TELE> PACT
+  Telecom Plus International Inc
+  said <Siemens AG>'s Siemens Information Systems wants to amend
+  its agreement to purchase Telecom's 65 pct interest in Tel Plus
+  Communications to delay payment of 25 mln dlrs for 11 months.
+      Telecom's shareholders are scheduled to vote on the 165 mln
+  dlr transaction Monday.
+      Telecom said it advised Siemens it intends to close the
+  transaction on March 16, as scheduled, if it is approved by
+  shareholders. A spokesman said this means Telecom will decide
+  before the 16th whether or not to accept the proposed change.
+      Explaining its request for the amendment, Siemens informed
+  Telecom it had recently become aware of information causing
+  concern with respect to certain accounting and other matters.
+      Siemens said it will therefore need to continue its review
+  beyond March 16 to determine whether certain representations
+  and warranties are true.
+      Telecom said it advised Siemens it knows of no information
+  which would make its representations and warranties untrue.
+      Siemens already owns the remaining 35 pct of Tel Plus. The
+  65 pct represenmts Telecom's principal operating asset.
+      A Telecom spokesman said the agreement calls for payment of
+  all but 29 mln dlrs of the price at closing. Of this, 21 mln
+  dlrs was to be paid 11 months later and two mln dlrs per year
+  on the anniversary date of the transaction.
+      He said Siemens is now proposing that 25 mln dlrs be added
+  to the 21 mln dlrs to be paid in 11 months.
+      Telecom said the proposed amendment would also permit
+  Siemens to defer repayment of up to an additional 50 pct of
+  certain intercompany debt until completion of the review.
+  Telecom said it estimates this to ba about 15 mln dlrs.
+  
+
diff --git a/reuters/training/2784 b/reuters/training/2784
new file mode 100644
index 0000000000000000000000000000000000000000..f4bf2b0af2be96630979bfe5998b684e7f4c816e
--- /dev/null
+++ b/reuters/training/2784
@@ -0,0 +1,5 @@
+LUCKY STORES SAYS IT AND INVESTOR EDELMAN REACHED STANDSTILL AGREEMENT
+
+  LUCKY STORES SAYS IT AND INVESTOR EDELMAN REACHED STANDSTILL AGREEMENT
+  
+
diff --git a/reuters/training/2785 b/reuters/training/2785
new file mode 100644
index 0000000000000000000000000000000000000000..05e12e070b0ac17e2657cd393e02c697b70f4c01
--- /dev/null
+++ b/reuters/training/2785
@@ -0,0 +1,17 @@
+PIONEER GROUP UNIT GETS MORE GHANA GOLD LAND
+  The Pioneer Group Inc said its 70
+  pct-owned Teberebie Goldfields Ltd venture was granted an
+  additional concession of land in Ghana to seek and mine gold.
+      The State Gold Mining Corp of Ghana granted the venture an
+  additional 14.5 square kilometers in Teberebie, Ghana,
+  contiguous to 11.5 square kilometers granted earlier.
+      The original concession appears to have a substantial
+  amount of gold bearing material containing about 2 grams, or
+  6/100 ounces, of gold per tonne. But the venture has no firm
+  estimate on the costs of extracting the gold and no assurances
+  can be given that the reserves can be mined profitably, the
+  company said. It said Teberebie Goldfields has not conducted
+  tests on the newly granted land but added the land seems to be
+  similar in geological characteristics to the original land.
+  
+
diff --git a/reuters/training/2787 b/reuters/training/2787
new file mode 100644
index 0000000000000000000000000000000000000000..b52b86f7f218dd1107229fac7a07875a01657f91
--- /dev/null
+++ b/reuters/training/2787
@@ -0,0 +1,6 @@
+INTERNATIONAL MULTIFOODS CORP <IMC> DIVIDEND
+  Qtly div 29-1/2 cts vs 29-1/2 cts prior
+      Pay April 15
+      Record March 27
+  
+
diff --git a/reuters/training/2789 b/reuters/training/2789
new file mode 100644
index 0000000000000000000000000000000000000000..71f9013e5f727fa987e6223f26b205b66c7b42d5
--- /dev/null
+++ b/reuters/training/2789
@@ -0,0 +1,16 @@
+HADSON CORP <HADS> 4TH QTR NET
+  Shr profit four cts vs loss 99 cts
+      Net profit 545,000 vs loss 13.1 mln
+      Revs 75.3 mln vs 37.9 mln
+      Avg shrs 14.8 mln vs 13.1 mln
+      Year
+      Shr profit 34 cts vs profit 34 cts
+      Net profit 4,908,000 vs profit 4,487,000
+      Revs 216.8 mln vs 117.7 mln
+      Avg shrs 14.6 mln vs 13.1 mln
+      NOTE: 1985 net included gain on sale of foreign properties
+  of 15.5 mln dlrs or 1.19 dlrs per share and a writedown of oil
+  and gas properties of 12.5 mln dlrs or 96 cts per share. 1985
+  4th qtr net included writedowns of oil and gas properties.
+  
+
diff --git a/reuters/training/279 b/reuters/training/279
new file mode 100644
index 0000000000000000000000000000000000000000..e085144228a15e7c1ae0af4b75cb61533793aa5a
--- /dev/null
+++ b/reuters/training/279
@@ -0,0 +1,20 @@
+JAPAN'S NTT FORECASTS PROFITS FALL IN 1987/88
+  <Nippon Telegraph and Telephone Corp>
+  (NTT) expects its profits to fall to 328 billion yen in the
+  year ending March 31, 1988 from a projected 348 billion this
+  year, the company said.
+      Total sales for the same period are expected to rise to
+  5,506 billion yen from a projected 5,328 billion this year, NTT
+  said in a business operations plan submitted to the Post and
+  Telecommunications Ministry.
+      NTT said it plans to make capital investments of 1,770
+  billion yen in 1987/88, including 109 billion for research and
+  development, as against a total of 1,600 billion this year.
+      An NTT spokesman said increased competition from new
+  entrants to the telecommunications field and the effect of a
+  sales tax scheduled to be introduced next January, were the
+  major factors behind the projected decrease in profits.
+      The Japanese telecommunications industry was deregulated in
+  1985.
+  
+
diff --git a/reuters/training/2791 b/reuters/training/2791
new file mode 100644
index 0000000000000000000000000000000000000000..34ee69dd19be49b3a7fa78edab1489284fd14742
--- /dev/null
+++ b/reuters/training/2791
@@ -0,0 +1,41 @@
+LUCKY STORES <LKS>, EDELMAN IN STANDSTILL PACT
+  Lucky Stores Inc said it and
+  investor Asher Edelman agreed on a settlement that prohibits
+  Edelman and his group from taking specified actions to obtain
+  control of the company and that limits the Edelman group's
+  ownership of Lucky's stock to less than five pct of any voting
+  securities.
+      The arrangement also provides for the dismissal of pending
+  litigation between the parties, Lucky Stores said.
+      The settlement also calls for the withdrawal of Edelman's
+  motion to intervene in pending shareholder actions against
+  Lucky Stores and its directors, the company said.
+      In addition, the standstill provisions also apply to
+  Hancock Fabrics after it is spun off to Lucky stockholders, the
+  company said.
+      Lucky Stores said the arrangement also calls for the
+  company to submit to stockholders at a special meeting set for
+  December 31 a proposal from Edelman seeking their views
+  concerning repeal of a charter provision that limits the voting
+  power of substantial Lucky stockholders.
+      Edelman, who owns about five pct of Lucky Stores' stock,
+  last year was rebuffed in his effort to acquire the company.
+      Last October Lucky Stores implimented a restructuring
+  program that included the repurchase of 28 pct of its own
+  common shares and reincorporation in Delaware.
+      The spinoff of Hancock Textile Co, a chain of 324 retail
+  stores, was one of the key parts of the restructuring program.
+      Edelman and his Plaza Securities Co partnership
+  subsequently sued in an attempt to block the proposed
+  reincorporation, which was a condition of the repurchase and
+  restructuring plan.
+      Under this latest arrangement, Lucky Stores said it agreed
+  to reimburse the Edelman group for 2.8 mln dlrs of
+  out-of-pocket expenses, which include litigation and other
+  costs.
+      "This agreement serves the interests of Lucky stockholders
+  by avoiding the significant cost of continued litigation and
+  the accompanying demands on management time," Lucky Stores
+  chairman John Lillie said in a statement.
+  
+
diff --git a/reuters/training/2792 b/reuters/training/2792
new file mode 100644
index 0000000000000000000000000000000000000000..7ffe914a93f5a9285848caadac842d23dc23fb0a
--- /dev/null
+++ b/reuters/training/2792
@@ -0,0 +1,52 @@
+ATT <T> PHONE PROPOSAL TO HELP PROFITS
+  American Telephone and Telegraph Co's
+  proposal to deregulate its long distance phone service is
+  unlikely to produce a radical change in phone rates, but it
+  should help the company's profits, analysts said.
+      "Deregulation will mean more pricing discounts for large
+  volume users, but status quo for residential users," said
+  PaineWebber Group analyst Jack Grubman.
+      But the proposals will scrap the pricing formula that has
+  constrained the company's profits in the long distance
+  business, leading to higher profit margins, analysts said.
+      ATT has long pushed for deregulation of its long-distance
+  business, the profits of which have been limited by a regulated
+  rate-of-return on the company's investments. The rate was cut
+  last year to 12.20 from 12.75 pct.
+      Earlier today the company proposed to the Federal
+  Communications Commission to scrap the formula, cut the amount
+  of time needed to approve rate proposals, and leave it up to
+  its competitors to oppose it filings.
+      MCI Communications Corp <MCIC> made a similar filing
+  yesterday, saying greater the moves would increase competition
+  in the telephone business.
+      Analysts said the proposals will allow ATT to cut costs in
+  the long-distance unit, and increase its profit margins
+  previously constrained by the rate of return. But many said
+  they did not expect the proposals to lead to higher prices in
+  the industry, simply because of the competition the phone
+  industry giant faces.
+      "You probably wouldn't see as much of a price decline,"
+  said Gartner Group analyst Fritz Ringling. "But you wouldn't
+  see a rise." Grubman said the proposals will allow ATT to
+  selectively raise or lower prices, depending on the market. "It
+  will give ATT a lot more flexibility," he said.
+      ATT now faces a period of comment in which a number of
+  companies will be able to respond to the proposals in FCC
+  hearings.
+      It may face at least one strong opponent, U.S. Sprint, the
+  long distance joint venture between GTE Corp <GTE> and United
+  Telecommunications Inc <UT>.
+      "We think the Congress of the FCC should establish a
+  reasonable rate of return. Someone should establish it," a U.S.
+  Sprint spokesman said. But he added the company was not opposed
+  to greater competition.
+      It may also take some time for the proposals to go through,
+  and in the process they may be altered by the various
+  constituencies affected by the move.
+      "There's so much complexity, so much inertia, so much
+  bureacracy, that stricly speaking about the mechanisms, it
+  won't happen that fast," said analyst Victor Krueger of the
+  Gartner Group.
+  
+
diff --git a/reuters/training/2793 b/reuters/training/2793
new file mode 100644
index 0000000000000000000000000000000000000000..052b12c9b20847f79862dee2df1aa6fc1fe8adf0
--- /dev/null
+++ b/reuters/training/2793
@@ -0,0 +1,17 @@
+CME SETS MAY 29 START FOR LUMBER FUTURES OPTIONS
+  The Chicago Mercantile Exchange (CME)
+  board of governors announced today the options on Random Length
+  lumber futures will begin trading on May 29.
+      The contract received Commodity Futures Trading Commission
+  (CFTC) approval on January 21 after being submitted for review
+  last October 13.
+      Initially, only January, March and May delivery months will
+  be listed for trading. The size of the underlying futures
+  contract is 130,000 board feet. Regular trading hours for the
+  contract will be from 0900 to 1305 Central Time. However, on
+  the first day of trading the market will open at 1000.
+      On March 4 the CME board amended the contract to eliminate
+  Christmas Eve expirations for the January option. This
+  amendment has been submited to the CFTC, the CME said.
+  
+
diff --git a/reuters/training/2794 b/reuters/training/2794
new file mode 100644
index 0000000000000000000000000000000000000000..dde7a7b87dc63d0993203a5adbb2e7bf0a659eb3
--- /dev/null
+++ b/reuters/training/2794
@@ -0,0 +1,5 @@
+TWA CONFIRMS OWNERSHIP OF 15 PCT OF USAIR GROUP
+
+  TWA CONFIRMS OWNERSHIP OF 15 PCT OF USAIR GROUP
+  
+
diff --git a/reuters/training/2797 b/reuters/training/2797
new file mode 100644
index 0000000000000000000000000000000000000000..b75496d1e11f543f62e6b12bb0a6667436699bae
--- /dev/null
+++ b/reuters/training/2797
@@ -0,0 +1,16 @@
+STRUTHERS WELLS <SUW> SEES 1986 NOV 30 LOSS
+  Struthers Wells Corp said it expects
+  to report a loss, without tax benefit, of about 16 mln dlrs for
+  the fiscal year ended November 30, 1986, versus a profit of
+  295,000 dlrs in fiscal 1985.
+      The company added, however, that about 13.6 mln dlrs of the
+  loss relates to discontinued operations and disposal of
+  subsidiaries.
+      The company said the loss is part of its previously
+  announced restructuring that includes the sale of its foreign
+  and domestic units.
+      Struthers added that it has filed with the Securities and
+  Exchange Commission for an extension to file its annual report
+  on form 10-K as a result of delays caused by the restructuring.
+  
+
diff --git a/reuters/training/2798 b/reuters/training/2798
new file mode 100644
index 0000000000000000000000000000000000000000..31baba9316233201a51efaae6774c22cafd82c45
--- /dev/null
+++ b/reuters/training/2798
@@ -0,0 +1,5 @@
+SOROS GROUP TELLS SEC IT MAY BUY UP TO 49.9 PCT OF FAIRCHILD INDUSTRIES
+
+  SOROS GROUP TELLS SEC IT MAY BUY UP TO 49.9 PCT OF FAIRCHILD INDUSTRIES
+  
+
diff --git a/reuters/training/2799 b/reuters/training/2799
new file mode 100644
index 0000000000000000000000000000000000000000..a364dbb19ac40999a705113e693c6f143c59c4b2
--- /dev/null
+++ b/reuters/training/2799
@@ -0,0 +1,33 @@
+TWA <TWA> CONFIRMS OWNERSHIP OF USAIR <U> STOCK
+  Trans World Airlines Inc said it owns
+  more than four mln USAir Group shares or about 15 pct of the
+  total outstanding.
+      TWA said it may acquire additional shares in the open
+  market, in private transactions, through a tender offer or
+  otherwise, subject to Department of Transportation approval.
+      TWA has offered 52 dlrs per share for USAir Group. USAir
+  rejected the offer yesterday, calling it a last-minute attempt
+  to interfere with its takeover of Piedmont Aviation Inc.
+      A TWA spokesman said the company has filed an application
+  for approval on its offer to buy USAir with the Department of
+  Transportation, and later today it will file a response to
+  USAir's motion with the DOT to dismiss the TWA application.
+      TWA said it made the statement today on its stock position
+  in USAir in response to inquiries.
+      Traders said they believed TWA Chairman Carl Icahn was the
+  buyer of an 855,000 share block crossed today by Salomon
+  Brothers.
+      USAir stock was trading at 50-3/4, up 2-1/4 on heavy volume
+  of 3.1 mln shares. TWA stock fell 3/8 to 30-5/8.
+      While analysts and arbitragers have speculated that Icahn
+  may have made the offer for USAir in order to trigger the
+  acquisition of his own airline, Wall Street today began to take
+  Icahn's effort more seriously.
+      "I think he's going to be the next Frank Lorenzo of Wall
+  Street," said one market source. Lorenzo, chairman of Texas
+  Air, has added to his airline with the acquisitions of Eastern
+  Airlines and People Express Airlines.
+      There was also speculation that Icahn would like to buy
+  USAir and then sell TWA as a merged company.
+  
+
diff --git a/reuters/training/2800 b/reuters/training/2800
new file mode 100644
index 0000000000000000000000000000000000000000..b9345f3ff4f78a86e0a9f3e41f2381ace75c90d4
--- /dev/null
+++ b/reuters/training/2800
@@ -0,0 +1,8 @@
+SILVER STATE MINING <SSMC> CORRECTS NET
+  Silver State Mining Corp said it has
+  corrected its 1986 fourth quarter net income to 485,380 dlrs
+  from 528,790 dlrs reported earlier today.
+      The company earned 286,969 dlrs in last year's fourth
+  quarter.
+  
+
diff --git a/reuters/training/2801 b/reuters/training/2801
new file mode 100644
index 0000000000000000000000000000000000000000..d02413f2293d5c71a566263a114a2d9471d396da
--- /dev/null
+++ b/reuters/training/2801
@@ -0,0 +1,5 @@
+STEWART-WARNER CORP 4TH QTR SHR LOSS 3.86 DLRS VS PROFIT 37 CTS
+
+  STEWART-WARNER CORP 4TH QTR SHR LOSS 3.86 DLRS VS PROFIT 37 CTS
+  
+
diff --git a/reuters/training/2802 b/reuters/training/2802
new file mode 100644
index 0000000000000000000000000000000000000000..3419fa8ec0d617128ae4d5dc9f1a9eb1d92ecbc6
--- /dev/null
+++ b/reuters/training/2802
@@ -0,0 +1,43 @@
+GROUP TO BOOST FAIRCHILD INDUSTRIES (FEN) STAKE
+  An investor group led by New York
+  investor George Soros said it was dissatisfied with Fairchild
+  Industries Inc management and was considering boosting its
+  holdings to as much as 49.9 pct of the aerospace and aviation
+  company's outstanding stock.
+      The group already controls 1,647,481 Fairchild Industries
+  shares or 11.5 pct of the total outstanding.
+      The group said it filed on Wednesday with federal antitrust
+  regulators for advance clearance to buy enough additional
+  shares to increase its total stake to up to 49.9 pct of the
+  total outstanding stock.
+      The group said its representatives had met with Fairchild
+  Industries officials to inform them "that they do not believe
+  management has been successful in enhancing or protecting
+  shareholder values."
+      It said it was considering the additional share purchases
+  to enable it to "assert a greater degree of influence over the
+  future management and policies of the issuer."
+      It said a decision on the specific level of share ownership
+  it would seek depended on market prices, future changes in
+  management policies, available financial resources and other
+  factors.
+      The group said it also reserved the right to pursue other
+  measures intended to influence Fairchild management and
+  policies, either alone or in concert with other investors.
+      The group includes Soros and Quantum Fund, an offshore
+  investment firm headquartered in Curacao, Netherlands Antilles
+  that is advised by Soros.
+      The group said that since its last SEC filing, made Jan. 2,
+  it had purchased no additional Fairchild shares and had sold
+  6,700 shares on the New York Stock Exchange Jan. 19.
+      A Fairchild Industries official later said Soros had told
+  the company he was not dissatisfied with its management.
+      "Contrary to the filing, Mr. Soros has told the company
+  today that he is not dissatisfied with management," Fairchild's
+  Bill Fulwider told Reuters.
+      However, Fulwider said the company would have nothing to
+  say at this time about Soros' disclosure that he may buy up
+  enough additional Fairchild shares to hold as much as 49.9 pct
+  of the company's outstanding stock.
+  
+
diff --git a/reuters/training/2803 b/reuters/training/2803
new file mode 100644
index 0000000000000000000000000000000000000000..fbd3865c45756e1dcb42b274a8bc45ea8a400e28
--- /dev/null
+++ b/reuters/training/2803
@@ -0,0 +1,27 @@
+PAYLESS CASHWAYS <PCI> SEES BETTER FIRST QTR
+  Payless Cashways Inc chairman David
+  Stanley told analysts the company's first quarter results to be
+  reported March 17 will be better than the seven cts per share
+  reported in the year ago quarter.
+      "It was not a wonderful sales quarter, but it only
+  represents 14 pct of the year's total results," Stanley said.
+      Stanley also said that 1987 full year sales will be in
+  excess of 1.8 billion dlrs as compared to the 1.5 billion dlrs
+  reported in 1986. He also said that analysts' estimates of 1.55
+  dlr per shr for 1987 "are not crazy."
+      Payless reported net income of 1.22 dlr per share in 1986.
+      "The economy may not get a lot better, but we expect our
+  advantages in the lumber industry and cost cutting measures to
+  keep us competitive," Larry Kunz, chief financial officer,
+  said.
+       The company acquired Knox Lumber Co for about 24.3 mln
+  dlrs in October 1986.
+      Stanley said the company's stronger-than-optimal balance
+  sheet will enable it to make further acquisitions but no
+  negotiations are going on at the current time.
+      He said some benefits of a new management information
+  system will be felt in 1987 and more substantially in 1988.
+     
+  REUTER...^M
+  
+
diff --git a/reuters/training/2806 b/reuters/training/2806
new file mode 100644
index 0000000000000000000000000000000000000000..828150208a2dc6745df5b0869f36655c2d2bf06e
--- /dev/null
+++ b/reuters/training/2806
@@ -0,0 +1,20 @@
+STEWART-WARNER CORP <STX> 4TH QTR LOSS
+  Shr loss 3.86 dlrs vs profit 37 cts
+      Net loss 24,973,000 vs profit 2,389,000
+      Sales 62.5 mln vs 65.3 mln
+      Year
+      Shr loss 3.22 dlrs vs profit 1.32 dlrs
+      Net loss 20,861,000 vs profit 8,515,000
+      Sales 268.0 mln vs 272.7 mln
+      NOTE: 1986 earnings include a provision for restructuring
+  costs of 23,675,000 dlrs, or 3.66 dlrs a share (pre-tax) and
+  the effect of adoption of FASB 87 which reduced pension expense
+  by 617,000 dlrs for the quarter and 1,817,000 dlrs for the year
+  before taxes
+      Earnings include nonoperating income from the effect of
+  nonrecurring gains of 1,811,000 dlrs in the 1st Qtr of 1986
+  from the sale of its minority interest in Plexus Corp and
+  1,480,000 dlrs in the 3rd Qtr of 1985 related to the sale of
+  excess property
+  
+
diff --git a/reuters/training/2807 b/reuters/training/2807
new file mode 100644
index 0000000000000000000000000000000000000000..0980a32c6fbbc14fb810ebefc4634a96b8b9ef01
--- /dev/null
+++ b/reuters/training/2807
@@ -0,0 +1,12 @@
+MONITERM CORP <MTRM> 4TH QTR LOSS
+  Shr loss 15 cts vs loss 11 cts
+      Net loss 632,000 vs loss 437,000
+      Revs 3,206,000 vs 2,650,000
+      Year
+      Shr loss 19 cts vs loss 24 cts
+      Net loss 793,000 vs loss 1,004,000
+      Revs 11.5 mln vs 14.4 mln
+      NOTE: Prior year figures restated to reflect merger in
+  March 1986 with Amtron Corp.
+  
+
diff --git a/reuters/training/2809 b/reuters/training/2809
new file mode 100644
index 0000000000000000000000000000000000000000..d63f1785acd8686bdab490e3292e2b5f7190e04c
--- /dev/null
+++ b/reuters/training/2809
@@ -0,0 +1,6 @@
+THE CHUBB CORP <CB> SETS QTRLY PAYOUT
+  Qtrly 42 cts vs 42 cts prior
+      Pay April 7
+      Record March 20
+  
+
diff --git a/reuters/training/281 b/reuters/training/281
new file mode 100644
index 0000000000000000000000000000000000000000..70f43732230d298333903424312c9a8a2c322be0
--- /dev/null
+++ b/reuters/training/281
@@ -0,0 +1,14 @@
+CHINA SIGNS WORLD BANK LOAN FOR TIANJIN PORT
+  China has signed a 130 mln dlr loan
+  agreement with the World Bank to partly finance 12 new berths
+  with an annual capacity of 6.28 mln tonnes at the 20 mln tonne
+  a year capacity Tianjin port, the New China News Agency said.
+      China will provide 370 mln yuan for the project and a
+  Chinese company won a bid against 12 other firms from seven
+  countries to do the foundation work, it said.
+      It said 11 of the new berths will be able to handle ships
+  of more than 10,000 tonnes, three will handle containers and
+  the expansion will enable the port to handle coke, non-metal
+  mineral ores and mining equipment for the first time.
+  
+
diff --git a/reuters/training/2810 b/reuters/training/2810
new file mode 100644
index 0000000000000000000000000000000000000000..d2f1c8f376b78a523b9a1b20593e4a0930717324
--- /dev/null
+++ b/reuters/training/2810
@@ -0,0 +1,14 @@
+SOUTHTRUST <SOTR> TO ACQUIRE FOUR BANKS
+  SouthTrust Corp, a 5.1 billion
+  dlr multibank holding company, said it entered into agreements
+  to acquire four Florida banks with assets totalling more than
+  233.2 mln dlrs.
+      Terms of the agreements were not disclosed.
+      The four banks are: Central Bank of Volusia County, with
+  assets of 59.3 mln dlrs, Bank of Pensacola with assets of 63.8
+  mln dlrs, and Vista Bank, which operates Vista Bank of Volusia
+  County with assets of 37.8 mln dlrs and Vista Bank of Marion
+  County with assets of 72.3 mln dlrs.
+      It said the agreements are subject to regulatory approval.
+  
+
diff --git a/reuters/training/2811 b/reuters/training/2811
new file mode 100644
index 0000000000000000000000000000000000000000..b539a7da1f82b60f34962fd0459619b6d302e74b
--- /dev/null
+++ b/reuters/training/2811
@@ -0,0 +1,5 @@
+CARLING O'KEEFE SELLS STAR OIL UNIT TO UNITED COAL CANADA FOR 57 MLN DLRS
+
+  CARLING O'KEEFE SELLS STAR OIL UNIT TO UNITED COAL CANADA FOR 57 MLN DLRS
+  
+
diff --git a/reuters/training/2813 b/reuters/training/2813
new file mode 100644
index 0000000000000000000000000000000000000000..103a5c54ae00a798693fac86ce2b8e17adef1ee7
--- /dev/null
+++ b/reuters/training/2813
@@ -0,0 +1,13 @@
+HUGHES TOOL <HT> UP ON MERGER SPECULATION
+  Hughes Tool Co rose one to 12-1/4 on
+  1,658,000 shares, apparently reflecting a belief that Baker
+  International Corp <BKO> will be able to persaude Hughes to go
+  along with a previously announced merger, analysts said.
+      This week Hughes seemed to back out of the merger but then
+  said it was still interested in talking.
+      "It sounds like Baker wants it and if people are convinced
+  a deal is going to go through the stock goes up," said analyst
+  Phil Pace of Kidder, Peabody and Co. Holders of Hughes would
+  get 0.8 share of Baker for each Hughes share. 
+  
+
diff --git a/reuters/training/2815 b/reuters/training/2815
new file mode 100644
index 0000000000000000000000000000000000000000..1abe3a8039121384f4c047882a6f5caef8ddbdc8
--- /dev/null
+++ b/reuters/training/2815
@@ -0,0 +1,11 @@
+AETNA <AET> REACHES AGREEMENT TO BUY COMPANY
+  Aetna Life and Casualty Co said
+  it reached an agreement to acquire a 49 pct interest in
+  Universal Life and General Insurance Sdn Bhd <ULG>, a Malaysian
+  composite insurance company.
+      The company said the 51 pct balance will continue to be
+  owned by Malaysia Apera Group of private investors.
+      The transaction is valued at approximately 37.8 mln dlrs
+  and is expected to be completed by March 31, 1987.
+  
+
diff --git a/reuters/training/2818 b/reuters/training/2818
new file mode 100644
index 0000000000000000000000000000000000000000..acc724421c6f4a7395b828e03cd1e04191a50447
--- /dev/null
+++ b/reuters/training/2818
@@ -0,0 +1,16 @@
+CARLING O'KEEFE<CKB> SELLS OIL UNIT, TAKES GAIN
+  Carling O'Keefe Ltd said it sold its
+  Star Oil and Gas Ltd unit to United Coal (Canada) Ltd for about
+  57 mln dlrs cash.
+      Carling said it will record an extraordinary gain of about
+  two mln dlrs after tax, or nine cts a common share resulting
+  from the sale.
+      The company did not elaborate further on financial terms.
+      A Carling official later said in reply to an inquiry that
+  Carling would record the extraordinary gain in its fourth
+  quarter ending March 31.
+      The move came after Carling's 50 pct-owner <Rothmans Inc>
+  agreed last week to sell its Carling stake to <Elders IXL Ltd>,
+  of Australia, for 196.2 mln Canadian dlrs.
+  
+
diff --git a/reuters/training/2819 b/reuters/training/2819
new file mode 100644
index 0000000000000000000000000000000000000000..f49a5208b5b50f026f34ab4ed94c10e0c545b22d
--- /dev/null
+++ b/reuters/training/2819
@@ -0,0 +1,23 @@
+CHANNEL FERRY REPORTED SINKING OFF BELGIUM
+  The channel ferry Herald
+  of Free Enterprise from the British Townsend Thorensen company
+  was sinking off the Belgian coast tonight with 463 people on
+  board, the Dutch newsagency ANP reported today.
+      An unspecified number of people had fallen into the water,
+  it said, quoting the pilot organisation in this south-western
+  Dutch port city near the Belgian border.
+      It said the vessel had capsized after a collision but gave
+  no more details.
+      Dan Kaakebeen a spokesman for the Dutch salvage firm Smit
+  International told Reuters by telephone from Rotterdam that the
+  vessel was just off the Belgian port of Zeebrugge with 463
+  passengers and crew when the accident occurred at 1850 GMT.
+      Kaakebeen said the firm had one vessel at the scene and
+  another on its way with divers on board.
+      A spokesman at the port authority of nearby Vlissingen said
+  attempts were being made to pull the vessel into shallow
+  waters.
+      Weather conditions were good with no fog or wind, and there
+  were many other vessels in the area.
+  
+
diff --git a/reuters/training/2820 b/reuters/training/2820
new file mode 100644
index 0000000000000000000000000000000000000000..1cbd50d9ca1d4e47fbbc19161e3bae5cdc2c4a4d
--- /dev/null
+++ b/reuters/training/2820
@@ -0,0 +1,8 @@
+PATRICK PETROLEUM CO <PPC> YEAR LOSS
+  Shr loss 1.22 dlrs vs profit 27 cts
+      Net loss 8,812,432 vs profit 1,847,560
+      Revs 7,981,198 vs 10.3 mln
+      Avg shrs 7,187,941 vs 6,828,368
+      NOTE: Current year includes tax credit of 800,000 dlrs.
+  
+
diff --git a/reuters/training/2825 b/reuters/training/2825
new file mode 100644
index 0000000000000000000000000000000000000000..327c22de05a3453f0ec139d8815878115afa5ec4
--- /dev/null
+++ b/reuters/training/2825
@@ -0,0 +1,6 @@
+EPITOPE INC <EPTO> 1ST QTR DEC 31 LOSS
+  Shr loss 24 cts vs loss nine cts
+      Net loss 216,697 vs loss 47,344
+      Sales 144,403 vs 118,391
+  
+
diff --git a/reuters/training/2826 b/reuters/training/2826
new file mode 100644
index 0000000000000000000000000000000000000000..67d59d6287c5d9ec99915a1ef204ec586ae5d514
--- /dev/null
+++ b/reuters/training/2826
@@ -0,0 +1,10 @@
+<CLARY CORP> 4TH QTR DEC 31 LOSS
+  Shr loss 12 cts vs loss 16 cts
+      Net loss 214,000 vs 309,000
+      Revs 3,056,000 vs 2,545,000
+      Year
+      Shr loss 43 cts vs loss nine cts
+      Net loss 754,000 vs loss 159,000
+      Revs 11.4 mln vs 11.4 mln
+  
+
diff --git a/reuters/training/2827 b/reuters/training/2827
new file mode 100644
index 0000000000000000000000000000000000000000..6f2b1fdbe1b7827777b9da71eac88436e0dce091
--- /dev/null
+++ b/reuters/training/2827
@@ -0,0 +1,13 @@
+LLOYDS BANK CANADA 1ST QTR PROFIT RISES SHARPLY
+  Lloyds Bank Canada, a unit of <Lloyds
+  Bank International PLC>, said net profit soared to 3,053,000
+  dlrs for the first quarter ended January 31 from 9,000 dlrs a
+  year earlier.
+      Loan loss provisions, a mandatory five-year averaging of
+  actual loan losses, also rose in the first quarter to 6,375,000
+  dlrs from year-ago 113,000 dlrs, the bank said.
+      Lloyds Bank Canada became Canada's largest foreign bank
+  last autumn with its 200 mln Canadian dlr acquisition of
+  Continental Bank of Canada.
+  
+
diff --git a/reuters/training/2828 b/reuters/training/2828
new file mode 100644
index 0000000000000000000000000000000000000000..c60f5dd812b2af6605bdd27502feccbe12295dc1
--- /dev/null
+++ b/reuters/training/2828
@@ -0,0 +1,51 @@
+BRAZIL STRIKES CAUSE GOVERNMENT MAJOR PROBLEMS
+  Strikes by Brazil's 40,000
+  seamen and by petrol station owners in four states are causing
+  major headaches to a government already wrestling with a debt
+  crisis.
+      A week ago seamen began their first national strike for 25
+  years and union leaders say they have seriously affected
+  Brazilian exports by making idle 160 ships.
+      On February 20 the Brazilian government suspended interest
+  payments on part of its huge foreign debt following a sharp
+  deterioration in its trade balance.
+      Today the government faced a fresh problem, when most
+  petrol station owners in Sao Paulo, the country's industrial
+  heartland, and in three other states closed down to press for
+  higher fuel prices.
+      There were fears that the combination of the two stoppages
+  could lead to a serious fuel shortage.
+      The seamen's leaders say their strike has halted 48 of the
+  72 ships belonging to the state oil company Petrobras.
+      The Jornal do Brasil newspaper, in an editorial today
+  entitled "Dangerous Confrontation," said: "From the economic
+  point of view the seamen's strike carries an alarming cost,
+  with grave consequences for the supply situation and for the
+  country's external trade."
+      The seamen are seeking a 275 pct pay rise and have rejected
+  offers of up to 100 pct.
+      Later today the Higher Labour Tribunal in Brasilia is due
+  to rule on whether the seamen's strike is legal. But a senior
+  official of the National Merchant Marine Union, Jorge Luis Leao
+  Franco, told Reuters that the strike would continue regardless
+  of the tribunal's ruling.
+      Labour unrest has worsened in Brazil following the collapse
+  over the last few months of the government's Cruzado Plan price
+  freeze. Prices have been rising at about 15 pct a month. Not
+  only workers but also businessmen are restive. Petrol station
+  owners said many garages had closed indefinitely today in Sao
+  Paulo, Parana, Mato Grosso and Mato Grosso do Sul.
+      Television reports said that in the Parana state capital of
+  Curitiba petrol stations were only supplying fuel for
+  exceptional cases such as ambulances and funeral processions.
+      Brazilian garage owners want to be allowed to raise their
+  profits on alcohol fuel and petrol sales to 1.26 cruzados (six
+  U.S. Cents) a litre from 0.56 cruzados (about 2.5 cents).
+      Queues formed at petrol stations in Sao Paulo late last
+  night as motorists filled up their tanks while they still
+  could.
+      Political sources said the government of President Jose
+  Sarney was closely following the strikes and the overall fuel
+  supply situation.
+  
+
diff --git a/reuters/training/283 b/reuters/training/283
new file mode 100644
index 0000000000000000000000000000000000000000..605fde9868a0313c56d6e454c48e877fefae2b7f
--- /dev/null
+++ b/reuters/training/283
@@ -0,0 +1,5 @@
+Japan February external reserves record 51.73 billion dlrs (January 51.46 billion)
+
+  Japan February external reserves record 51.73 billion dlrs (January 51.46 billion)
+  
+
diff --git a/reuters/training/2833 b/reuters/training/2833
new file mode 100644
index 0000000000000000000000000000000000000000..b682b467ad2330cc98ed2cacf0133b0d2dc8796f
--- /dev/null
+++ b/reuters/training/2833
@@ -0,0 +1,70 @@
+DOME PETE<DMP> SAID TO BE PRESSED TO SELL ENCOR
+  Dome Petroleum Ltd is under pressure
+  from one of its largest creditors, <Canadian Imperial Bank of
+  Commerce>, to sell its 42 pct stake in <Encor Energy Corp Ltd>,
+  energy industry analysts said.
+      Dome has pledged its 42.5 mln Encor shares as security for
+  part of its debt to Commerce Bank, estimated last year at 947
+  mln Canadian dlrs, and the bank wants Dome to sell the stock to
+  pay down debt, analysts said.
+      "The Commerce has been slowly but surely moving Encor in the
+  direction that might make it a saleable asset," said one analyst
+  who asked not to be named.
+      Dome earlier said it was not considering selling Encor
+  Energy, but reaffirmed the company's 23.3 pct interest in
+  Canadian gold producer Dome Mines Ltd <DM> is up for sale "at
+  the right price."
+      Dome, now negotiating a plan to restructure more than 6.10
+  billion dlrs in debt, sees Encor as a strategic investment that
+  it does not intend to sell, spokesman David Annesley said. The
+  Encor shares do not pay dividends.
+      A Commerce Bank spokesman also declined comment when asked
+  whether it is pressing Dome to sell its Encor stake.
+      At current market prices, Dome's stake in Encor would be
+  valued at about 308 mln dlrs, while its 20.9 mln Dome Mines
+  shares would be worth about 319 mln dlrs.
+      Recent strength in the price of Encor shares may also
+  prompt Commerce Bank to press Dome to divest its holding in the
+  Canadian oil and gas producer, analysts said.
+      "Encor's stock price has improved quite substantially in
+  recent weeks with a runup in crude prices," Peters and Co Ltd
+  oil analyst Wilf Gobert commented.
+      "The possibility is that Commerce Bank would like to see it
+  sold at these levels because they can get more for it now than
+  they have been able to in recent years," he added.
+      Encor traded earlier on the Toronto Stock Exchange at
+  7-1/8, near its 52-week high of 7-1/2 and up from around six
+  dlrs in early February.
+      The company also recently set up its own operating
+  management, which was previously carried out by Dome Petroleum,
+  Maison Placements Canada Inc analyst Denis Mote commented.
+      Dome and Encor "are actually going to get farther apart. So
+  (the sale) does make a lot of sense," Mote said.
+      However, analysts said Dome will resist any moves to divest
+  Encor in favor of retaining the operating assets since sale
+  proceeds would likely go directly to pay down Dome's debt to
+  Commerce Bank.
+      "I think they'll probably try to hang onto Encor as long as
+  they can," said Bache Securities Inc analyst Doug Weber.
+      Some of Dome's group of 56 major creditors might move to
+  block such a sale, arguing they have a claim on company assets.
+      "Other creditors generally all want to make sure that
+  something they might be able to get a piece of is not being
+  sold out from under them," said analyst Gobert.
+      Another stumbling block would be Encor's 225 mln dlr joint
+  liability in loans to Dome Petroleum advanced by Arctic
+  Petroleum Corp of Japan for Beaufort Sea exploration.
+      Analysts said a similar hurdle could also hinder the
+  possible sale of Dome Petroleum's interest in Dome Mines.
+      Dome Mines has guaranteed 225 mln dlrs of Dome Petroleum's
+  debt and has a "right of consent" to the sale of Dome Petroleum's
+  holding.
+      Presumably, a potential buyer of the Dome Mines shares
+  would seek some type of relief on the company's debt
+  obligations connected with Dome Petroleum, Gobert said.
+      Dome spokesman Annesley earlier declined to specify at what
+  price the company would consider selling its Dome Mines shares,
+  but said current prices of more than 15 dlrs a share "are very
+  attractive."
+  
+
diff --git a/reuters/training/2834 b/reuters/training/2834
new file mode 100644
index 0000000000000000000000000000000000000000..b953df1681e4d2e39c853d643d48fa15590f67dc
--- /dev/null
+++ b/reuters/training/2834
@@ -0,0 +1,12 @@
+PATRICK PETROLEUM CO <PPC> 4TH QTR NET
+  Shr nil vs one ct
+      Net 59,608 vs 95,909
+      Revs 2,921,629 vs 2,918,682
+      Avg shrs 7,062,172 vs 7,273,020
+      Year
+      Shr loss 1.22 dlrs vs profit 27 cts
+      Net loss 8,812,432 vs profit 1,847,560
+      Revs 3,070,327 vs 3,195,710
+      Avg shrs 7,187,941 vs 6,828,368
+  
+
diff --git a/reuters/training/2836 b/reuters/training/2836
new file mode 100644
index 0000000000000000000000000000000000000000..fe3d43e7df1475c0839d20c92d880b7c109c9b4f
--- /dev/null
+++ b/reuters/training/2836
@@ -0,0 +1,7 @@
+INLAND VACUUM INDUSTRIES INC <IVAC> 1ST QTR NET
+  Qtr ends Jan 31
+      Shr six cts vs eight cts
+      Net 103,436 dlrs vs 134,360 dlrs
+      Revs 1,762,270 vs 1,282,463
+  
+
diff --git a/reuters/training/2838 b/reuters/training/2838
new file mode 100644
index 0000000000000000000000000000000000000000..3c4f8cbfae5f66f26547289bef67f803ca894c06
--- /dev/null
+++ b/reuters/training/2838
@@ -0,0 +1,12 @@
+IRANIAN OIL MINISTER ARRIVES IN ALGERIA
+  Iranian Oil Minister Gholamreza Aqazadeh
+  arrived in Algiers at the head of a large delegation for talks
+  on stabilizing oil prices, the official news agency APS said.
+      In a brief arrival statement, he said Iran and Algeria were
+  engaged in "continuous and stronger cooperation" on the world
+  petroleum market and had "deployed considerable efforts to
+  stablise petroleum prices."
+      He was greeted on arrival by Belkacem Nabi, the Algerian
+  Minister of Energy, Chemical and Petro-Chemical Industries.
+  
+
diff --git a/reuters/training/2839 b/reuters/training/2839
new file mode 100644
index 0000000000000000000000000000000000000000..4fddccd17d0d433c7fc2893e34a1cc87756cf484
--- /dev/null
+++ b/reuters/training/2839
@@ -0,0 +1,12 @@
+DEL LABORATORIES INC <DLI> 4TH QTR NET
+  Shr 16 cts vs 55 cts
+      Net 232,000 vs 814,000
+      Revs 22.4 mln vs 22 mln
+      Year
+      Shr 2.07 dlrs vs 2.43 dlrs
+      Net 3,108,000 vs 3,670,000
+      Revs 106.7 mln vs 101.1 mln
+      NOTE: Per share figures adjusted to reflect four-for-three
+  stock split paid March 26, 1986.
+  
+
diff --git a/reuters/training/284 b/reuters/training/284
new file mode 100644
index 0000000000000000000000000000000000000000..ba4aca2e50ba69fa51874ce70b3a44649c666f83
--- /dev/null
+++ b/reuters/training/284
@@ -0,0 +1,13 @@
+JAPAN FEBRUARY RESERVES RECORD 51.73 BILLION DLRS
+  Japan's external reserves rose to a record
+  51.73 billion dlrs at the end of February from the previous
+  record of 51.46 billion at end-January, the Finance Ministry
+  said.
+      End-February reserves last year were 27.58 billion dlrs.
+      In January, the nation's foreign reserves showed the
+  largest-ever monthly increase at 9.22 billion dlrs due to
+  massive Bank of Japan dollar buying intervention during the
+  month as the dollar fell briefly to an all-time low of 149.98
+  yen on January 19, foreign exchange dealers said.
+  
+
diff --git a/reuters/training/2843 b/reuters/training/2843
new file mode 100644
index 0000000000000000000000000000000000000000..34d3e09ebcde6aeda8971bc4a1e873b8f4e726e0
--- /dev/null
+++ b/reuters/training/2843
@@ -0,0 +1,12 @@
+CHILEAN GDP UP 5.7 PCT IN 1986, CENTRAL BANK SAYS
+  chile's gross domestic product rose 5.7
+  pct last year to 18.8 billion dollars, compared to a 2.4 pct
+  rise in the previous year, the central bank said.
+      It said initial projections were for a 4.6 pct increase in
+  gdp this year.
+      The sectors which registered the greatest growth in 1986
+  were fisheries with 10 pct, agriculture at 8.7 pct, transport
+  and communications with 8.1 pct and industry at 8.0 pct, the
+  bank added.
+  
+
diff --git a/reuters/training/2847 b/reuters/training/2847
new file mode 100644
index 0000000000000000000000000000000000000000..88514bb1fc2a851a8e2f5ae785bf54e667693a29
--- /dev/null
+++ b/reuters/training/2847
@@ -0,0 +1,8 @@
+LANDMARK SAVINGS <LSA> COMPLETES OFFICE SALE
+  Landmark Savings Association said it
+  completed the sale of its Whitehall, Pa., office, including
+  deposits of about 31 mln dlrs, to Parkvale Savings Association.
+      Landmark said it realized a gain of about 1.1 mln dlrs on
+  the sale. The price was not disclosed.
+  
+
diff --git a/reuters/training/2848 b/reuters/training/2848
new file mode 100644
index 0000000000000000000000000000000000000000..aff4909b6b45f77d8ab0c4177ae9df4236461cc2
--- /dev/null
+++ b/reuters/training/2848
@@ -0,0 +1,17 @@
+U.S. FEEDGRAINS GROUP ATTACKS CANADA CORN RULING
+  The U.S. Feedgrains Council is
+  surprised and disappointed by the Canadian Import Tribunal's
+  decision that imports of corn from the U.S. are materially
+  injuring Canadian corn producers, a council spokesman said.
+      "At a time when the world is attempting to liberalize trade
+  in the new rounnd of multilateral negotiations, it is
+  incomprehensible that a country that stands to gain so much
+  from the reduction in agricultural trade barriers would
+  threaten that process by caving in to pressures for
+  protectionism," council president Darwin E. Stolte said.
+      Canada's finding will strain the U.S./Canadian trading
+  relationship, could damage the future of U.S. feedgrains 
+  support for the free trade negotiations, and also negatively
+  impact farm trade reform with other nations, the council said.
+  
+
diff --git a/reuters/training/2849 b/reuters/training/2849
new file mode 100644
index 0000000000000000000000000000000000000000..17184f897f88891f536f58d42d617e862ca7f3c9
--- /dev/null
+++ b/reuters/training/2849
@@ -0,0 +1,6 @@
+HOLLY SUGAR CORP <HLY> SETS REGULAR DIVIDEND
+  Qtly div 25 cts vs 25 cts prior
+      Pay March 31
+      Record March 18
+  
+
diff --git a/reuters/training/2850 b/reuters/training/2850
new file mode 100644
index 0000000000000000000000000000000000000000..2051693ee63bf817ff3c6d22da9d5dea1fc92794
--- /dev/null
+++ b/reuters/training/2850
@@ -0,0 +1,8 @@
+CORADIAN CORP <CDIN> YEAR NET
+  Shr profit one cent vs loss 37 cts
+      Net profit 148,000 dlrs vs loss 1,686,000
+      Revs 11.4 mln vs 10.9 mln
+      NOTE: Company said net is before extraordinary items and
+  taxes and declined to provide data on those items
+  
+
diff --git a/reuters/training/2851 b/reuters/training/2851
new file mode 100644
index 0000000000000000000000000000000000000000..29fac0660c87a83164fe1095eeb2eea671b342d7
--- /dev/null
+++ b/reuters/training/2851
@@ -0,0 +1,17 @@
+USDA TO CONDUCT SURVEY FOR AVIAN INFLUENZA
+  U.S. Agriculture Department animal
+  health officials are conducting a national survey of live-bird
+  markets and auctions to check for signs of avian influenza, an
+  infectious viral disease of poultry, the department said.
+      The survey will locate poultry dealers and live-bird
+  markets that sell live birds directly to the consumer and once
+  the dealers and markets are identified, there will be tests to
+  determine any past or present exposure to avian influenza
+  viruses, it said.
+      In 1983-84, an outbreak of avian influenza in Pennsylvania,
+  Maryland, Virginia and New Jersey cost taxpayers 65 mln dlrs to
+  control and required the destruction of more than 17 mln birds,
+  it said.
+      The survey is expected to be completed by April 15.
+  
+
diff --git a/reuters/training/2853 b/reuters/training/2853
new file mode 100644
index 0000000000000000000000000000000000000000..e632d17e0b8acd3b0d9c6377e6087c9034488211
--- /dev/null
+++ b/reuters/training/2853
@@ -0,0 +1,14 @@
+TWO HUNDRED PEOPLE RESCUED FROM SINKING FERRY
+  About 200 people were rescued, some
+  badly hurt, from a sinking cross Channel ferry carrying
+  approximately 540 people off the Belgian port of Zeebrugge, a
+  port control spokesman said.
+      The spokesman, contacted by telephone, said only one third
+  of car ferry, the Herald of Free Enterprise owned by the
+  British company Townsend Thoresen, remained above water.
+      Divers have been sent down to try to rescue passengers
+  believed trapped in the ferry, which was on its way from
+  Zeebrugge to the English port of Dover and capsized just off
+  the pier, he added
+  
+
diff --git a/reuters/training/2856 b/reuters/training/2856
new file mode 100644
index 0000000000000000000000000000000000000000..19eeab9b53443729beb8845ecdeb9ec1927c6caa
--- /dev/null
+++ b/reuters/training/2856
@@ -0,0 +1,13 @@
+FOXBORO CO <FOX> 4TH QTR LOSS
+  Oper shr loss one ct vs loss 2.65 dlrs
+      Oper net loss 100,000 vs loss 32.7 mln
+      Revs 142.3 mln vs 168.8 mln
+      12 mths
+      Oper shr profit 57 cts vs loss 2.76 dlrs
+      Oper net profit 7,072,000 vs loss 34.2 mln
+      Revs 544.0 mln vs 572.2 mln
+      Note: 1986 oper net excludes tax credits of 2,149,000 dlrs
+  for qtr and 2,200,000 dlrs for 12 mths. Includes restructuring
+  charges of 120 mln dlrs for qtr, 527 mln dlrs for 12 mths.
+  
+
diff --git a/reuters/training/2857 b/reuters/training/2857
new file mode 100644
index 0000000000000000000000000000000000000000..bd44a19908779b3a57b020df88f444112921d99f
--- /dev/null
+++ b/reuters/training/2857
@@ -0,0 +1,17 @@
+LYNG SAYS NO DECISIONS TAKEN AT CABINET COUNCIL
+  U.S. Agriculture Secretary Richard
+  Lyng said no decisions were taken today at a White House
+  Economic Policy Council meeting.
+      Speaking to reporters on his return from the meeting, Lyng
+  said only about five minutes of the session dealt with
+  agriculture issues.
+      "It was not a decision making meeting," Lyng said.
+      Aides to Lyng earlier said the administration's agriculture
+  legislative proposals would be the farm-related topic on the
+  agenda. Lyng would not comment on what farm issues were
+  discussed.
+      Asked how he would respond to farm groups and Congressmen
+  urging the U.S. to offer a wheat bonus to the Soviet Union,
+  Lyng said he would be listen but be "non-committal."
+  
+
diff --git a/reuters/training/2858 b/reuters/training/2858
new file mode 100644
index 0000000000000000000000000000000000000000..2c28cfddb8a9fc046e34d1431907c9fa8ca1caff
--- /dev/null
+++ b/reuters/training/2858
@@ -0,0 +1,13 @@
+TREASURY BALANCES AT FED FELL ON MARCH 5
+  Treasury balances at the Federal
+  Reserve fell on March 5 to 3.467 billion dlrs from 3.939
+  billion dlrs the previous business day, the Treasury said in
+  its latest budget statement.
+      Balances in tax and loan note accounts fell to 14.350
+  billion dlrs from 14.391 billion dlrs on the same respective
+  days.
+      The Treasury's operating cash balance totaled 17.817
+  billion dlrs on March 5 compared with 18.330 billion dlrs on
+  March 4.
+  
+
diff --git a/reuters/training/2862 b/reuters/training/2862
new file mode 100644
index 0000000000000000000000000000000000000000..e48b3cf8b71798df1187c0a8ae691b766b5ef178
--- /dev/null
+++ b/reuters/training/2862
@@ -0,0 +1,14 @@
+NICARAGUA, ROMANIA, PARAGUAY LOSE TRADE RIGHTS
+  President Reagan formally ended
+  preferential duty-free trade treatment for exports from
+  Nicaragua, Romania and Paraguay under the Generalized System of
+  Preferences (GSP).
+      He took the action after determining that the three
+  countries are not taking steps to give their workers
+  internationally recognized rights.
+      U.S. Trade Representative Clayton Yeutter had announced the
+  intended action on January 2. The United States conducts no
+  trade with Nicaragua and very little trade with Romania and
+  Paraguay.
+  
+
diff --git a/reuters/training/2864 b/reuters/training/2864
new file mode 100644
index 0000000000000000000000000000000000000000..6e36141c022b4cce515146b39ce959c2903e189b
--- /dev/null
+++ b/reuters/training/2864
@@ -0,0 +1,43 @@
+U.S. FEEDGRAIN 0/92 SUPPORTERS EVALUATE POSITION
+  Advocates of a 0/92 plan for
+  feedgrains will likely delay offering their proposals if a
+  disaster aid bill before the House Agriculture Committee is
+  scaled back to include only 1987 winter wheat, congressional
+  sources said.
+      The disaster aid bill, introduced by Rep. Glenn English
+  (D-Okla.), sparked sharp controversy with its proposals to
+  implement a 0/92 program for 1987 wheat and 1988 winter wheat.
+      An agreement has been reached to trim the bill back to 1987
+  wheat, but supporters of a 0/92 feedgrains plan said even that
+  scaled-down version would not be equitable for farmers.
+      Unless the English bill pertains only to 1987 winter wheat,
+  it is more than a simple disaster payment and feedgrains should
+  be treated equally, they said.
+     If the bill is narrowed to just winter wheat, then
+  supporters of a 0/92 feedgrains amendment will probably not
+  offer their proposals next week, sources said.
+     English has agreed to support an amendment by Rep. Charles
+  Stenholm (R-Tex) to narrow the bill to 1987 wheat only, but
+  whether he would also back a further reduction is unclear.
+      Agricultural aides to English said the congressman's first
+  choice is to make the option available to all 1987 wheat
+  farmers. However, if the political reality is that disaster aid
+  for winter wheat farmers would be unavailable because of
+  controversy over spring wheat, then English might consider an
+  even greater cutback in the bill, they said.
+      Under a 0/92 plan, farmers could forego planting and still
+  receive 92 pct of deficiency payments.
+      Rep. Arlan Stangeland (R-Minn.) and Harold Volkmer (D-Mo.)
+  have both expressed interest in expanding the English bill to
+  include a 0/92 program for feedgrains.
+      An aide said Stangeland does not want to reopen the farm
+  bill, but to be fair to all crops.
+      Only a small percentage of spring wheat farmers would
+  likely sign up for 0/92 since the incentives to plant are
+  greater than to idle the land, economists said.
+      Opponents to a 0/92 feedgrains program argue it is
+  premature to make major changes in the farm bill and that the
+  House Agriculture Committee needs to study more closely the
+  impacts of such a program.
+  
+
diff --git a/reuters/training/2866 b/reuters/training/2866
new file mode 100644
index 0000000000000000000000000000000000000000..f69e1104756989688e8e00fe98a140c4507be269
--- /dev/null
+++ b/reuters/training/2866
@@ -0,0 +1,12 @@
+ALFIN INC <AFN> 2ND QTR JAN 31 LOSS
+  Shr loss 20 cts vs profit 14 cts
+      Net loss 1,417,000 vs profit 933,000
+      Revs 5,623,000 vs 5,403,000
+      Avg shrs 6,957,300 vs 7,115,248
+      Six mths
+      Shr loss 18 cts vs profit 43 cts
+      Net loss 1,269,000 vs profit 3,079,000
+      Revs 15.7 mln vs 14.2 mln
+      Avg shrs 7,195,720 vs 7,115,248
+  
+
diff --git a/reuters/training/2867 b/reuters/training/2867
new file mode 100644
index 0000000000000000000000000000000000000000..fd007d64b8bd346d179b5f0b3fae4d79cbdce5ba
--- /dev/null
+++ b/reuters/training/2867
@@ -0,0 +1,10 @@
+BELL AND HOWELL <BHW> COMPLETES SALE OF UNIT
+  Bell and Howell Co said it
+  completed the sale of its computer output microfilm business to
+  COM Products Inc, a unit of privately-held <LeBow Industries
+  Inc>.
+      The sum of the deal was not disclosed.
+      The unit makes a device that prints data directly from a
+  computer onto microfilm.
+  
+
diff --git a/reuters/training/2870 b/reuters/training/2870
new file mode 100644
index 0000000000000000000000000000000000000000..30355738ff4118101a9b398369a15a1e999991a3
--- /dev/null
+++ b/reuters/training/2870
@@ -0,0 +1,5 @@
+U.S. BUSINESS LOANS FALL 618 MLN DLRS IN FEB 25 WEEK, FED SAYS
+
+  U.S. BUSINESS LOANS FALL 618 MLN DLRS IN FEB 25 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/2872 b/reuters/training/2872
new file mode 100644
index 0000000000000000000000000000000000000000..73dadab4e4bb1c7d2eb31d497bdd90034ad0b887
--- /dev/null
+++ b/reuters/training/2872
@@ -0,0 +1,9 @@
+U.S. BUSINESS LOANS FALL 618 MLN DLRS
+  Business loans on the books of major
+  U.S. banks, excluding acceptances, fell 618 mln dlrs to 278.88
+  billion dlrs in the week ended February 25, the Federal Reserve
+  Board said.
+      The Fed said that business loans including acceptances fell
+  897 mln dlrs to 281.23 billion dlrs.
+  
+
diff --git a/reuters/training/2873 b/reuters/training/2873
new file mode 100644
index 0000000000000000000000000000000000000000..bfdfc1843f19fb7b183146e43bab3dd14ad3a586
--- /dev/null
+++ b/reuters/training/2873
@@ -0,0 +1,6 @@
+HYPONEX CORP <HYPX> YEAR NET
+  Shr 85 cts vs 1.20 dlrs
+      Net 5,130,000 vs 7,236,000
+      Revs 93.6 mln vs 91.9 mln
+  
+
diff --git a/reuters/training/2877 b/reuters/training/2877
new file mode 100644
index 0000000000000000000000000000000000000000..a86017660e2539ba29e6774b5ffb10a553f05803
--- /dev/null
+++ b/reuters/training/2877
@@ -0,0 +1,7 @@
+HMO AMERICA INC <HMOA> YEAR LOSS
+  Shr loss 33 cts vs profit 38 cts
+      Net loss 2,359,978 vs profit 2,805,389
+      Revs 76.2 mln vs 61.8 mln
+      Avg shrs 7,096,886 vs 7,392,586
+  
+
diff --git a/reuters/training/2880 b/reuters/training/2880
new file mode 100644
index 0000000000000000000000000000000000000000..b13257b6208fae8cb4a3e173839e6b849b7d0cc8
--- /dev/null
+++ b/reuters/training/2880
@@ -0,0 +1,13 @@
+TECHNIGEN PLATINUM CORP IN METALS FIND
+  Technigen Platinum corp said initial
+  results of a 13-hole drilling program on its R.M. Nicel
+  platinum property in Rouyn-Noranda, Quebec, indicate extensive
+  near-surface zones highly enriched in gold, platinum and
+  palladium.
+      The metals were found in rocks on the periphery of a
+  sulphide deposit.
+      It said values of up to 0.073 ounce of platinum, 0.206
+  ounce palladium, three pct copper and 4.5 pct nickel were found
+  over a drill section of 13 feet.
+  
+
diff --git a/reuters/training/2881 b/reuters/training/2881
new file mode 100644
index 0000000000000000000000000000000000000000..d94b79e1177ef6f26cab561e6bca26db8423763d
--- /dev/null
+++ b/reuters/training/2881
@@ -0,0 +1,17 @@
+AMERICAN PORK CONGRESS TO BE OVERHAULED IN 1988
+  The National Pork Producers Council,
+  NPPC, announced at this year's American Pork Congress, APC,
+  that the Congress and trade show will be divided into two parts
+  in 1988.
+      Next years APC, held in Atlanta, will be a business session
+  only and will continue to be the first week of March.
+      The trade show is being changed into a new international
+  event called the World Pork Expo. The first expo will be held
+  in June 1988 in Des Moines with an expanded format, they said.
+      Executive vice-president Orville Sweet said the decision to
+  spilt the show and Congress came about because there are
+  producers who never get to see the trade show floor.
+      "It makes sense that we divide the business session from
+  the trade show," Sweet said.
+  
+
diff --git a/reuters/training/2884 b/reuters/training/2884
new file mode 100644
index 0000000000000000000000000000000000000000..8d9908a6198cd55d9a4126ea693feb2f16c2ccc2
--- /dev/null
+++ b/reuters/training/2884
@@ -0,0 +1,11 @@
+<DTD ENTERPRISES INC> IN REORGANIZATION
+  DTD Enterprises Inc said it filed an
+  8-K report indicating that <EaglesLair Development Corp> had
+  assumed control of the company under a reorganization plan
+  signed last month.
+      The company said D. Gerald Lach, president of EaglesLair,
+  was named president and a director of DTD.
+      In addition, DTS's board resigned and EaglesLair appointed
+  new directors, the company said.
+  
+
diff --git a/reuters/training/2886 b/reuters/training/2886
new file mode 100644
index 0000000000000000000000000000000000000000..a323e1f5963a583586698f911dd1c736cd1c22c3
--- /dev/null
+++ b/reuters/training/2886
@@ -0,0 +1,6 @@
+SCHWAB SAFE CO <SS> UPS PAYOUT
+  Qtly div 13 cts vs 12 cts prior
+      Pay April 17
+      Record March 31
+  
+
diff --git a/reuters/training/2887 b/reuters/training/2887
new file mode 100644
index 0000000000000000000000000000000000000000..e6e862d5f08006c5c26868c8c949a7f54e8c80c0
--- /dev/null
+++ b/reuters/training/2887
@@ -0,0 +1,20 @@
+PHYSICIANS INSURANCE CO <PICO> 4TH QTR NET
+  Shr 31 cts vs 53 cts
+      Net 960,143 dlrs vs 1,631,011 dlrs
+      Revs 27.4 mln dlrs vs 18.9 mln dlrs
+      Avg shrs 3,079,533 vs 3,096,095
+      12 mths
+      Shr 1.01 dlrs vs 92 cts
+      Net 3,113,337 dlrs vs 2,855,755 dlrs
+      Revs 106.5 mln dlrs vs 78.3 mln dlrs
+      Avg shrs 3,079,516 vs 3,089,140
+      NOTE: per share amounts for qtr and year prior have been
+  restated to reflect a six-for-five stock split in August 1986.
+      Revs for qtr include capital gains of 3,049,564 vs
+  2,010,972, and for year of 9,841,204 vs 5,798,995.
+      Revs for qtr include non-insurance revenues of 1,627,518 vs
+  1,550,329, and for year of 7,289,973 vs 4,639,162.
+      Revs for qtr include life subsidiary account deposits of
+  548,538 vs 241,465, and for year of 2,104,840 vs 300,404.
+  
+
diff --git a/reuters/training/2890 b/reuters/training/2890
new file mode 100644
index 0000000000000000000000000000000000000000..c02157bb1988acbc1480ce73b673300e17a3496f
--- /dev/null
+++ b/reuters/training/2890
@@ -0,0 +1,14 @@
+BRADLEY <BRLY> ANNOUNCES LONG-TERM LEASE
+  Bradley Real Estate Trust said it signed
+  a 99-year lease for property in downtown Minneapolis to BCED
+  Minnesota Inc.
+      The lease will increase net income by about 24 cts a share
+  on a post-February 1987 three-for-two stock split basis. For
+  1986, the Trust reported net income of 1.3 mln dlrs or 38 cts a
+  share on a post-split basis.
+      Bradley will also be entitled to a one-time additional
+  rental payment of 30 cts a share upon BCED entering into a
+  space lease with a prime national tenant and a share in a
+  portion of net cash flow from operations on the property.
+  
+
diff --git a/reuters/training/2896 b/reuters/training/2896
new file mode 100644
index 0000000000000000000000000000000000000000..f7f5cccdf2a07faf1420e7149dc10a99b05a9f53
--- /dev/null
+++ b/reuters/training/2896
@@ -0,0 +1,12 @@
+DUMEZ UNIT HAS 94 PCT OF WESTBURNE (WBI)
+  (Dumez Investments I Inc) said 94.7 pct
+  of Westburne International Industries Ltd's outstanding common
+  shares have been deposited under its takeover bid.
+      It said it has received about 11,070,000 shares under its
+  22.50 dlrs per share offer which expired yesterday.
+      Dumez said it will proceed to acquire the remaining common
+  shares to give it 100 pct ownership of Westburne.
+      Dumez is a private company owned jointly by (Dumez S.A.)
+  and (Unicorp Canada Corp).            
+  
+
diff --git a/reuters/training/2897 b/reuters/training/2897
new file mode 100644
index 0000000000000000000000000000000000000000..6c08411f0ed055ee210faf3b32a608f0d6ed380c
--- /dev/null
+++ b/reuters/training/2897
@@ -0,0 +1,13 @@
+CANADIAN NATURAL RESOURCES TO SELL STAKE
+  <Canadian Natural Resources
+  Ltd> said it agreed in principle to sell 80 pct of its working
+  interest in certain producing and non-producing natural gas
+  properties located in southwestern Saskatchewan.
+      The transaction is expected to close on April 1, 1987, the
+  company said. It did not identify the buyer nor give the
+  selling price.
+      Proceeds will be used to satisfy a February 1987 repayment
+  demand by one of the company's lenders. Any excess proceeds
+  will be added to working capital, the company said.
+  
+
diff --git a/reuters/training/2898 b/reuters/training/2898
new file mode 100644
index 0000000000000000000000000000000000000000..42056b322889a649e7dc7cb3042f3dff4bdf6dc6
--- /dev/null
+++ b/reuters/training/2898
@@ -0,0 +1,12 @@
+MALRITE BUYS COX'S RADIO STATION UNIT
+  <Malrite Guaranteed Broadcast Partners
+  L.P.> said it bought WTRK Inc from <Cox Enterprises Inc> for
+  13.8 mln dlrs in cash.
+      It said WTRK owns and operates WTRK-FM, a Philadelphia
+  radio station. Transfer of the license for the sation has been
+  approved by the Federal Communications Commission.
+      Malrite Guaranteed said it is a limited partnerhip formed
+  to acquire and operate radio and tv stations. It said Malrite
+  Communications Group Inc <MALR> is the general partner.
+  
+
diff --git a/reuters/training/29 b/reuters/training/29
new file mode 100644
index 0000000000000000000000000000000000000000..e78d21afad2aba7409590b0042ed7c4fb2d08a1e
--- /dev/null
+++ b/reuters/training/29
@@ -0,0 +1,14 @@
+JANUARY HOUSING SALES DROP, REALTY GROUP SAYS
+  Sales of previously owned homes
+  dropped 14.5 pct in January to a seasonally adjusted annual
+  rate of 3.47 mln units, the National Association of Realtors
+  (NAR) said.
+      But the December rate of 4.06 mln units had been the
+  highest since the record 4.15 mln unit sales rate set in
+  November 1978, the group said.
+      "The drop in January is not surprising considering that a
+  significant portion of December's near-record pace was made up
+  of sellers seeking to get favorable capital gains treatment
+  under the old tax laws," said the NAR's John Tuccillo.
+  
+
diff --git a/reuters/training/290 b/reuters/training/290
new file mode 100644
index 0000000000000000000000000000000000000000..1e63702717ff955985298b8bb537a01d553c1437
--- /dev/null
+++ b/reuters/training/290
@@ -0,0 +1,14 @@
+ICO TALKS ON COFFEE QUOTAS TO RESUME AT NOON
+  Talks on coffee export quotas at the
+  International Coffee Organization (ICO) special council session
+  will resume at noon gmt today, following a last minute decision
+  taken early this morning to extend the meeting 24 hours, ICO
+  officials said.
+      An 18 member contact group will meet at midday to examine
+  new ideas, and the full council is to convene at 1900gmt, they
+  said.
+      The extension resulted from a last ditch effort by Colombia
+  to salvage the talks, which by late yesterday looked perilously
+  close to ending without agreement on quotas, delegates said.
+  
+
diff --git a/reuters/training/2902 b/reuters/training/2902
new file mode 100644
index 0000000000000000000000000000000000000000..a6bd25ee3c1f167cca255518d410c68b5f138b51
--- /dev/null
+++ b/reuters/training/2902
@@ -0,0 +1,14 @@
+CYACQ EXTENDS TENDER FOR CYCLOPS <CYL>
+  Cyacq Corp said it extended its 80
+  dlr a share tender offer for Cyclops Corp to March 20 from
+  today.
+      Cyacq was formed by Citicorp Capital Investors Ltd and
+  Audio Video Affiliates INc <AVA> to acquire Cyclops. THe tender
+  offer began on February six.
+      The offer is conditioned upon at least 80 pct of the
+  outstanding shares and at least 80 pct of the voting securities
+  being tendered before expiration of the offer.
+      As of March six, only 353 shares of Cyclops' 4.1 mln
+  outstanding shares had been tendered.
+  
+
diff --git a/reuters/training/2907 b/reuters/training/2907
new file mode 100644
index 0000000000000000000000000000000000000000..4cde28669a0155dcf61ee9ea9872231387810ba8
--- /dev/null
+++ b/reuters/training/2907
@@ -0,0 +1,14 @@
+MONO GOLD SAYS PARTNERSHIP AGREES TO BUY SHARES
+  <Mono Gold Mines
+  Inc> said <NIM and Co Ltd> Partnership agreed to buy
+  flow-through shares with an aggregate purchase price of up to
+  300,000 dlrs.
+      It said, subject to fulfillment of certain conditions, the
+  price of the shares to NIM will be 79.6 cts per share, and said
+  it will issue 376,955 shares to the partnership.
+      Mono also said options to buy up to 300,000 dlrs of its
+  capital stock at 65 cts per share expire March three. It said
+  39,000 options have been exercised to net the company 25,530
+  dlrs to be added to working capital.
+  
+
diff --git a/reuters/training/2908 b/reuters/training/2908
new file mode 100644
index 0000000000000000000000000000000000000000..432c7d98f3a23fcd80fd9b7dd77c165dfd76d4d3
--- /dev/null
+++ b/reuters/training/2908
@@ -0,0 +1,6 @@
+USLICO CORP <USVC> INCREASES DIVIDEND
+  Qtly div 22 cts vs 20 cts prior
+      payable March 27
+      Record March 18
+  
+
diff --git a/reuters/training/2909 b/reuters/training/2909
new file mode 100644
index 0000000000000000000000000000000000000000..77d347263954a99a64f631278ae52b57e0f6b787
--- /dev/null
+++ b/reuters/training/2909
@@ -0,0 +1,5 @@
+USAIR GROUP REQUESTS TRANSPORTATION DEPARTMENT ORDER TWA TO DIVEST STAKE
+
+  USAIR GROUP REQUESTS TRANSPORTATION DEPARTMENT ORDER TWA TO DIVEST STAKE
+  
+
diff --git a/reuters/training/2912 b/reuters/training/2912
new file mode 100644
index 0000000000000000000000000000000000000000..367cd9330b09eac463385f2b14c5ae359fa2739f
--- /dev/null
+++ b/reuters/training/2912
@@ -0,0 +1,14 @@
+DIPLOMAT ELECTRONICS <DPEC> TO CUT COSTS
+  Diplomat Electronics Corp said it
+  will reduce expenses by four mln dlrs a year in an effort to
+  stem losses and return to a positive net worth.
+      The company also said certain lenders agreed to take a 24
+  pct stake in the company by converting seven mln dlrs of debt
+  into preferred stock.
+      Diplomat said it will cut costs by several means, including
+  dismissal of 100 workers at its corporate headquarters,
+  consolidation of its warehousing and shipping operations and
+  reduction of management salaries. Moreover, it said it will
+  relocate its headquarters to Glendale, Calif.
+  
+
diff --git a/reuters/training/2913 b/reuters/training/2913
new file mode 100644
index 0000000000000000000000000000000000000000..8143562a83787a4832ca2e27d384e9fc0be4aaed
--- /dev/null
+++ b/reuters/training/2913
@@ -0,0 +1,30 @@
+U.S. CORN GROWERS BLAST CANADA CORN RULING
+  Canada's ruling in favor of a duty on
+  U.S. corn was a keen disappointment to the National Corn
+  Growers Association and has set a dangerous precedent for other
+  nations to follow, said Mike Hall, lobbyist for the
+  association.
+      "The French corn growers will clearly charge ahead now and
+  just change corn to corn gluten feed" in their complaint, Hall
+  told Reuters.
+      A Canadian government agency ruled today that U.S. farm
+  policies are causing injury to Canadian corn farrmers and
+  supported an earlier imposed countervailing duty of about 85
+  cts per bushel.
+      "This was cleary a political decision," Hall said. "The
+  amount of corn we export to Canada is insignificant."
+      The unexpected ruling appeared to be based on the agrument
+  that Canada bases its corn prices on U.S. futures prices and
+  that American farm policy has driven down these prices, thus
+  causing lower prices to Canadian farmers and larger government
+  payments through its farm stabilization program, Hall said.
+      Hall said this is a new definition for injury, but that
+  other nations might also now apply this same argument to attack
+  U.S. farm programs.
+      The French corn growers could now charge that U.S. farm
+  programs create an unfair subsidy for corn gluten feed, Hall
+  said. The French have long wanted to control the imports of
+  U.S. corn gluten feed into the community, saying that the
+  imported feed was unfairly displacing European grain.
+  
+
diff --git a/reuters/training/2915 b/reuters/training/2915
new file mode 100644
index 0000000000000000000000000000000000000000..6279fb8b2284fed9a798ee9dcacf117b5c6d8f75
--- /dev/null
+++ b/reuters/training/2915
@@ -0,0 +1,6 @@
+DOLLAR GENERAL CORP <DOLR> QTLY DIVIDEND
+  Qtly div five cts vs five cts prior
+      Payable April three
+      Reocrd March 20
+  
+
diff --git a/reuters/training/2916 b/reuters/training/2916
new file mode 100644
index 0000000000000000000000000000000000000000..a40538fcc6d59f78d96960a8c0ee5fe9d3774e98
--- /dev/null
+++ b/reuters/training/2916
@@ -0,0 +1,26 @@
+HEALTHCARE SERVICES <HSAI> SEES WRITE-OFFS
+  Healthcare Services Of America
+  Inc said it will write off about 16 mln dlrs in non-recurring
+  expenses in 1986.
+      It also said it expects income from operations to be about
+  breakeven for 1986 and the estimated loss for the year to be
+  about the same as the writeoffs.
+      Results will be released by March 31, 1987.
+      Included in the writeoffs were six mln dlrs in
+  developmental costs, six mln dlrs in unamortized loan costs and
+  debt discounts and four mln dlrs in other non-recurring costs.
+      The company said it continues to be in default of certain
+  financial and non-financial covenants set forth in its major
+  loan documents.
+      It said negotiations continue with the banks, but has no
+  assurance that such funding will continue.
+      It said it authorized Smith barney, Harris Upham and Co to
+  seek a business combination with third parties.
+      Healthcare also said the board has authorized the sale or
+  lease of certain assets to reduce the cash required from the
+  revolving credit line for completion of current construction
+  projects.
+      For the year ended December 31, 1985 Healthcare reported
+  net income of 3.5 mln dlrs on sales of 54.4 mln dlrs
+  
+
diff --git a/reuters/training/2917 b/reuters/training/2917
new file mode 100644
index 0000000000000000000000000000000000000000..d2e1f2b9d6cbe5a456f9b25509e122e1cbd5705a
--- /dev/null
+++ b/reuters/training/2917
@@ -0,0 +1,28 @@
+USAIR <U> SEEKS ORDER AGAINST TWA <TWA>
+  USAir Group said it sought the help
+  of the U.S. Department of Transportation in its takeover fight
+  with Trans World Airlines Inc, asking the Department to order
+  TWA to sell its USAir shares.
+      "What they have done is in direct violation of the Federal
+  Aviation Act," USAir said.
+      It said TWA week filed a cursory application with the
+  Department of Transportation for approval of its proposed 1.65
+  billion dlr takeover of USAir.
+      USAir rejected the offer and said it asked the Department
+  of Transportation to dismiss the application.
+      USAir said it requested the dismissal because TWA avoided
+  pre-merger notification requirements, and also did not provide
+  a competitive and public interest analysis required under
+  regulations.
+      USAir said if the application is dismissed, TWA would be
+  limited to buying only 1.5 pct of its 31.7 mln outstanding
+  shares. If the application is approved, TWA could buy up to 10
+  pct, it said. TWA has said it owns less than 10 pct of USAir's
+  stock.
+      TWA today revealed that it has increased its holdings to
+  more than four mln USAir shares, 15 pct of the outstanding.
+      TWA vice president general counsel Mark Buckstein said the
+  company had made appropriate filings with the DOT and was in
+  compliance with the law.
+  
+
diff --git a/reuters/training/2918 b/reuters/training/2918
new file mode 100644
index 0000000000000000000000000000000000000000..0a63fb9c48a393ecfe631738d975db8e9de6e09f
--- /dev/null
+++ b/reuters/training/2918
@@ -0,0 +1,14 @@
+PARK-OHIO INDUSTRIES INC <PKOH> 4TH QTR NET
+  Shr loss 52 cts vs profit 1.07 dlr
+      Net loss 2,917,000 vs profit 5,963,000
+      Revs 34.1 mln vs 40.3 mln
+      Year
+      Shr loss 1.39 dlr vs profit 1.24 dlr
+      Net loss 7,749,000 vs profit 6,946,000
+      Revs 138.6 mln vs 186.2 mln
+      NOTE: 1986 net includes certain non-recurring charges of
+  about 5,506,000 dlrs for a number of items.
+      1985 4th qtr and yr net includes extraordinary credit of
+  4,974,000 dlrs or 89 cts per share.
+  
+
diff --git a/reuters/training/2919 b/reuters/training/2919
new file mode 100644
index 0000000000000000000000000000000000000000..bcb8576991c3a9386c4b4bb04acb1ee96e39cdfd
--- /dev/null
+++ b/reuters/training/2919
@@ -0,0 +1,14 @@
+BMC INDUSTRIES INC <BMC> 4TH QTR LOSS
+  Shr loss 1.20 dlrs vs loss 1.97 dlrs
+      Net loss 6,248,000 vs loss 10.2 mln
+      Revs 33.1 mln vs not given
+      Year
+      Shr loss 1.25 dlrs vs loss 13.44 dlrs
+      Net loss 6,508,000 vs loss 69.6 mln
+      Revs 123.4 mln vs not given
+      NOTE: Results include charges of five mln dlrs or 96 cts
+  shr for 1986 qtr and year, compared with charge of 72.2 mln
+  dlrs or 13.94 dlrs shr in prior year from discontinued
+  operations and disposal of discontinued operations.
+  
+
diff --git a/reuters/training/2920 b/reuters/training/2920
new file mode 100644
index 0000000000000000000000000000000000000000..094c77ab69c0840c0207fa3a77dcdd815ed7a2a1
--- /dev/null
+++ b/reuters/training/2920
@@ -0,0 +1,8 @@
+UNITED COMPANIES <UNCF> DECLARES STOCK DIVIDEND
+  United Companies Financial Corp
+  said its board declared a two pct stock dividend payable APril
+  eight to holders of record March 17.
+      The board also declared a regular quarterly cash dividend
+  of 12.5 cts payable April one to holders of record March 16.
+  
+
diff --git a/reuters/training/2922 b/reuters/training/2922
new file mode 100644
index 0000000000000000000000000000000000000000..fa3136024de0f41c3732532fed00a626db7ffe55
--- /dev/null
+++ b/reuters/training/2922
@@ -0,0 +1,17 @@
+U.S. FARM PROGRAMS HELP CANADIAN CORN PRODUCERS
+  An American Farm Bureau
+  Federation (AFBF) official said that far from hurting Canadian
+  corn producers, U.S. farm programs benefit all foreign
+  producers.
+      AFBF president Dean Kleckner made the comments in response
+  to the ruling earlier today by the Canadian Import Tribunal
+  that subsidized U.S. corn imports were injurious to Canadian
+  growers. The tribunal upheld a countervailing duty of 84.9 U.S.
+  cents a bushel.
+      "Farm Bureau specialists went to Ottawa and testified
+  previous U.S. farm programs have actually benefited all foreign
+  producers by reducing the amount of corn grown in the U.S. (and
+  losing market share), while exerting an upward influence on the
+  price of corn Worldwide," he said.
+  
+
diff --git a/reuters/training/2923 b/reuters/training/2923
new file mode 100644
index 0000000000000000000000000000000000000000..9a57faa848e6a541a0a0500a7f898cfcdada3820
--- /dev/null
+++ b/reuters/training/2923
@@ -0,0 +1,14 @@
+U.N. ISSUES REPORT ON NATURAL GAS CLAUSES
+  The U.N. Centre on Transnational
+  Corporations has issued a report containing guidelines and
+  recommendations for negotiating natural gas clauses in
+  agreements between transnational petroleum corporations and
+  host countries.
+      The U.N. said the report was aimed at promoting petroleum
+  exploration in areas perceived as being gas prone. The 49-page
+  report contains an in-depth examination of the problems of gas
+  developoment and looks at different ways in which contractual
+  terms might deal with the risks in gas development associated
+  with pricing, marketing and volume.
+  
+
diff --git a/reuters/training/2924 b/reuters/training/2924
new file mode 100644
index 0000000000000000000000000000000000000000..ce62a513bcbd3088de7a1ee82ae343afdcf0b977
--- /dev/null
+++ b/reuters/training/2924
@@ -0,0 +1,46 @@
+TAFT<TFB> BIDDERS WOULD SELL ENTERTAINMENT UNIT
+  A proposed buyout of Taft Broadcasting
+  Co by Dudley Taft and other investors includes a plan to sell
+  the company's Entertainment Group, according to one of the
+  investors.
+      Jonathan Nelson, managing director of Narragansett Capital
+  Corp <NARR>, which is participating in the buyout plan,
+  declined to say if buyers have already been lined up for the
+  Entertainment Group. "We are considering selling the group,"
+  Nelson said. Wall Street analysts said any of the Hollywood
+  film studios which might be interested.
+      Taft Broadcasting Co did not comment on the 145 dlr per
+  share offer. Taft has 9.2 mln shares outstanding, of which 12
+  pct are owned by the Taft and Ingalls families.
+      Dudley Taft relinquished the title of president in July but
+  continues as vice chairman of the company.
+      Taft-Narragansett requsted a response to its proposal by
+  March 12.
+      If the plan is accepted, Taft would be a private company
+  financed by high yield bonds and bank debt, Nelson said.
+  Narragansett is an investment management company specializing
+  in leveraged buyout transactions.
+      Taft shares climbed 19 to 151-1/2, causing arbitrageurs to
+  say investors believe the bidders may raise their price.
+      Robert M. Bass, who controls 25 pct of the stock, and
+  American Financial Corp, holder of 15 pct, did not return
+  telephohe calls seeking comment.
+      But Dennis McAlpine, analyst at Oppenheimer and Co, said "I
+  don't think it's worth 150 dlrs." He noted Taft recently agreed
+  to sell a group of independent television stations at a loss.
+  He said the entertainment group, which includes the
+  Hanna-Barbara animation studios, is currently hampered by a
+  glut of animated product.
+      Taft Broadcasting has never commented on reports that its
+  major stockholders met recently to discuss a break-up of the
+  company.
+      MacAlpine said there are lots of options for reshaping the
+  company with a distribution of various pieces to the major
+  shareholders among the possibilities.
+      Analyst Alan Gottesman of L.F. Rothschild, Unterberg Towbin
+  Inc said the Bass group has been increasing its stake in the
+  belief the company would be worth more with a change in its
+  strategy. He said Bass pushed for sale of the independent
+  television stations because the company paid too much.
+  
+
diff --git a/reuters/training/2925 b/reuters/training/2925
new file mode 100644
index 0000000000000000000000000000000000000000..6d1cf7be22a0a92aea6c125b5a6e1879e4d96c95
--- /dev/null
+++ b/reuters/training/2925
@@ -0,0 +1,53 @@
+POSITIVE OUTLOOK TEMPERED IN U.S. DEBT FUTURES
+  Higher oil prices and stronger than
+  expected U.S. employment growth led to sharp losses in U.S.
+  interest rate futures and diminished what had been a positive
+  chart outlook, financial analysts said.
+      The increase of 319,000 in non-farm payroll employment
+  during February was above market expectations for a rise of
+  170,000 to 200,000 jobs and sparked selling in Treasury bond
+  futures that drove the June contract through key technical
+  support at 101-2/32 at the opening Friday, they noted.
+      "I don't like that fact that we had a close below 101,"
+  said Prudential Bache analyst Fred Leiner. The 101-2/32 level
+  in the June bond contract had been the top of a three-month
+  trading range, which when penetrated during the rally Wednesday
+  led to bullish forecasts by chartists.
+      But analysts called it a false breakout on the weekly
+  charts when the June bond closed at 100-10/32 Friday.
+      Some also forecast that the high of the week at 101-19/32
+  may signal a bearish double top formation portending steep
+  losses.
+      "I tend to go along with the double top scenario," said
+  Northern Futures analyst Eileen Rico.
+      Rico noted that the possible formation, along with the fact
+  that the rally of the last two weeks in bond futures has
+  occurred on relatively low volume, were negative signals.
+      Despite what could be a negative chart outlook, Leiner
+  remains cautiously optimistic, and June bonds should find
+  support between 100 and 99-16/32 next week.
+      The optimistic outlook, as well as Leiner's expectation
+  that the yield curve will flatten in the near term, is based on
+  an improving inflation outlook.
+      With the dollar stable and economic data giving the Federal
+  Reserve little room to ease monetary policy, "the inflation
+  outlook is improving," Leiner said, and that should lead to
+  relatively stronger bond prices than bill and Eurodollar
+  prices.
+      Still, Leiner noted that the recent rise in oil prices
+  remains a concern for the inflation outlook.
+      Oil rose during the week on reports that OPEC nations were
+  maintaining production quotas and official prices, and got an
+  extra boost Friday due to the suspension of oil exports from
+  Ecuador after an earthquake Thursday.
+      "The runup in crude oil will be a short-lived phenomenon,"
+  said Carroll McEntee and McGinley analyst Brian Singer.
+      The rise in oil prices over the past week has been largely
+  "media induced," Singer said. He noted that even though OPEC
+  production may be within quotas, "oil stocks are at
+  tremendously high levels."
+      Although the Ecuador situation could cause a delay, oil
+  prices will eventually decline to the lows of late February, he
+  said, and that will be a supportive influence for bond prices.
+  
+
diff --git a/reuters/training/2926 b/reuters/training/2926
new file mode 100644
index 0000000000000000000000000000000000000000..e1d3c2de669bb8da56697ab79803e9567d7e86bf
--- /dev/null
+++ b/reuters/training/2926
@@ -0,0 +1,6 @@
+SANDOX BUYS STAUFFER SEEDS
+  Sandoz Corp's Northrup King Co said
+  it bought Stauffer Seeds, a unit of Stauffer Chemical Co.
+      Terms were not disclosed.
+  
+
diff --git a/reuters/training/2927 b/reuters/training/2927
new file mode 100644
index 0000000000000000000000000000000000000000..a33b5b453cf5533c54beae7b9f2db480b6a2c708
--- /dev/null
+++ b/reuters/training/2927
@@ -0,0 +1,9 @@
+ENERGEN <EGN> BUYS MUNICIPAL GAS SYSTEM
+  Energen Corp said it has
+  acquired the distribution system of the City of Clanton, Ala.
+  for about 1.2 mln dlrs.
+      The 1,800 customer system is the fourth municipal system
+  acquired by Energen's Alabama Gas subsidiary since October
+  1986, adding a total of 9,600 customers.
+  
+
diff --git a/reuters/training/2928 b/reuters/training/2928
new file mode 100644
index 0000000000000000000000000000000000000000..af4b19bfa62b20aba1920d39746744f7aaf339d2
--- /dev/null
+++ b/reuters/training/2928
@@ -0,0 +1,6 @@
+SIERRA PACIFIC RESOURCES INC <SRP> DIVIDEND
+  Qtly div 43 cts vs 43 cts prior
+      Payable May one
+      Record April 15
+  
+
diff --git a/reuters/training/2929 b/reuters/training/2929
new file mode 100644
index 0000000000000000000000000000000000000000..2f010ac57298f1f885696ee7194eedd1fdd067a4
--- /dev/null
+++ b/reuters/training/2929
@@ -0,0 +1,10 @@
+METEX CORP <MTX> 4TH QTR DEC 28
+  Shr 22 cts vs 49 cts
+      Net 296,994 vs 657,416
+      Revs 6.5 mln vs 9.5 mln
+      Year
+      Shr 78 cts vs 1.51 dlrs
+      Net 1.0 mln vs 2.0 mln
+      Revs 27.6 mln vs 29.4 mln
+  
+
diff --git a/reuters/training/293 b/reuters/training/293
new file mode 100644
index 0000000000000000000000000000000000000000..3c478c87ee6263516447e4b516b7f80bdd5925f5
--- /dev/null
+++ b/reuters/training/293
@@ -0,0 +1,14 @@
+INDIAN SUGAR OUTPUT RISES IN FIRST FOUR MONTHS
+  India's sugar output to January 31 in
+  the 1986/87 season (October/September) rose to 3.66 mln tonnes
+  from 3.46 mln in the same 1985/86 period, the Indian Sugar
+  Mills Association said.
+      Total offtake in the first four months of the current year
+  was 2.71 mln tonnes (including 241,000 tonnes imported) for
+  domestic use and 4,000 tonnes for export, against 2.81 mln
+  tonnes (including 993,000 imported) for domestic use and 3,000
+  tonnes for export in the corresponding period of 1985/86.
+      Factory stocks at end-January were 3.05 mln tonnes (96,000
+  imported) against 3.13 mln (96,000 imported) a year earlier.
+  
+
diff --git a/reuters/training/2930 b/reuters/training/2930
new file mode 100644
index 0000000000000000000000000000000000000000..97e201da87308bbed7437accfa90bb23056c3da8
--- /dev/null
+++ b/reuters/training/2930
@@ -0,0 +1,12 @@
+HOUSTON OIL TRUST <HO> OMITS MARCH DISTRIBUTION
+  Houston Oil Trust said there will be no
+  cash distribution to the unit holders in March.
+      The most significant factor for the lack of a distribution
+  this month is the establishment of additional special cost
+  escrow accounts, the company said, adding, that there may be no
+  cash distribution in other months or during the remainder of
+  the year.
+      For March, the working interest owner will place 1.9 mln
+  dlrs in special cost escrow accounts.
+  
+
diff --git a/reuters/training/2933 b/reuters/training/2933
new file mode 100644
index 0000000000000000000000000000000000000000..4706dbb5e14768eec1f1daf5422961a58e048527
--- /dev/null
+++ b/reuters/training/2933
@@ -0,0 +1,8 @@
+MONOCLONAL ANTIBODIES <MABS> BUYS COMPANY
+  Monoclonal Antibodies Inc
+  said it signed an agreement in principle to buy <Genesis Labs
+  Inc> for about 10 mln dlrs of common stock.
+      The agreement is subject to shareholders approval and other
+  conditions.
+  
+
diff --git a/reuters/training/2936 b/reuters/training/2936
new file mode 100644
index 0000000000000000000000000000000000000000..ad0c4bd2dfcce4db6acb2a823092c3ff2cc366cf
--- /dev/null
+++ b/reuters/training/2936
@@ -0,0 +1,41 @@
+U.S. TREASURY PROPOSES SOME S. AFRICAN IMPORTS
+  The Treasury proposed allowing 
+  temporary imports of South African uranium ore and uranium
+  oxide until July 1 under certain conditions pending
+  clarification of anti-apartheid laws passed by Congress last
+  fall.
+      The proposal to be published in the Federal Register next
+  week requests written congressional and public comment within
+  60 days and deals with uranium ore and oxide that is imported
+  for U.S. processing and exporting to third countries.
+      The Treasury said it proposed allowing the temporary
+  imports because it felt Congress had not intended when it
+  passed the comprehensive South African sanctions bill last fall
+  -- overriding President Reagan's veto -- to hurt U.S. industry.
+      "The domestic uranium conversion industry and the federal
+  government's enrichment industry could be seriously injured in
+  a manner not intended by Congress if the . . . import ban on
+  uranium ore and oxide were implemented to bar imports for
+  processing and export through a mistaken interpretation of the
+  act," the Treasury brief said.
+      The Treasury said an outright U.S. ban of uranium ore and
+  oxide might cause foreign electric utilities to divert their
+  South African origin ore and oxide to other countries including
+  the Soviet Union for processing.
+      Treasury said it would allow imports of the South African
+  ore and oxide until July 1 for processing and re-export
+  "provided that the imported ore or oxide is accompanies by a
+  license for importation issued by the Nuclear Regulatory
+  Commission."
+      The Treasury brief also proposed allowing U.S.-origin goods
+  to be imported temporarily from South African state-controlled
+  organizations for repair or servicing in the United States.
+      "The U.S. Customs will allow such importation to be made
+  under bond," the brief said.
+      The South African sanctions law, enacted by the United
+  States to protest the apartheid laws of racial segregation
+  practiced by South Africa's white minority government,
+  prohibited imports of uranium ore and oxide, iron and steel,
+  coal and textiles at the end of 1986.
+  
+
diff --git a/reuters/training/2938 b/reuters/training/2938
new file mode 100644
index 0000000000000000000000000000000000000000..80e4790e21c3f4b07e4abb2b4cbca30ede6a628e
--- /dev/null
+++ b/reuters/training/2938
@@ -0,0 +1,13 @@
+BRANIFF INC <BAIR> 4TH QTR LOSS JAN 31
+  Shr loss 37 cts vs loss 13 cts
+      Net loss 4.5 mln vs loss 1.5 mln
+      Revs 63.3 mln vs 53.8 mln
+      Year
+      Shr loss 74 cts vs profit 1.87 dlr
+      Net loss 9.0 mln vs profit 23.0 mln
+      Revs 239.5 mln vs 244.3 mln
+      NOTE:1986 net includes extraordinary gain of 10.6 mln dlrs
+  from tax loss carryforward in year and loss of 198,000 dlrs in
+  4th qtr.
+  
+
diff --git a/reuters/training/2939 b/reuters/training/2939
new file mode 100644
index 0000000000000000000000000000000000000000..59aacdfb5db0190ae07ac211aa20b8125914ee12
--- /dev/null
+++ b/reuters/training/2939
@@ -0,0 +1,5 @@
+JUSTICE DEPT. SUPPORTS DISMISSAL OF TWA APPLICATION FOR USAIR CONTROL
+
+  JUSTICE DEPT. SUPPORTS DISMISSAL OF TWA APPLICATION FOR USAIR CONTROL
+  
+
diff --git a/reuters/training/2940 b/reuters/training/2940
new file mode 100644
index 0000000000000000000000000000000000000000..e84328ddbf80f4311c57d0b7cef01804c57a1a91
--- /dev/null
+++ b/reuters/training/2940
@@ -0,0 +1,5 @@
+TRANSPORTATION DEPARTMENT DISMISSES TWA APPLICATION FOR USAIR CONTROL
+
+  TRANSPORTATION DEPARTMENT DISMISSES TWA APPLICATION FOR USAIR CONTROL
+  
+
diff --git a/reuters/training/2942 b/reuters/training/2942
new file mode 100644
index 0000000000000000000000000000000000000000..64202d7758942019955e856510c985ba5f429880
--- /dev/null
+++ b/reuters/training/2942
@@ -0,0 +1,24 @@
+U.S. TREASURY PROPOSES S.AFRICAN URANIUM IMPORTS
+  The U.S. Treasury proposed allowing 
+  temporary imports of South African uranium ore and uranium
+  oxide until July 1 under certain conditions pending
+  clarification of anti-apartheid laws passed by Congress last
+  fall.
+      The Treasury said it proposed allowing the temporary
+  imports because it felt Congress had not intended when it
+  passed the comprehensive South African sanctions bill last fall
+  -- overriding President Reagan's veto -- to hurt U.S. industry.
+      The Treasury said an outright U.S. ban of uranium ore and
+  oxide might cause foreign electric utilities to divert their
+  South African origin ore and oxide to other countries including
+  the Soviet Union for processing.
+      The Treasury also proposed allowing U.S.-origin goods to be
+  imported temporarily from South African state-controlled
+  organizations for repair or servicing in the U.S.
+      The South African sanctions law, enacted by the U.S. to
+  protest the apartheid laws of racial segregation practiced by
+  South Africa's white minority government, prohibited imports of
+  uranium ore and oxide, iron and steel, coal and textiles at the
+  end of 1986.
+  
+
diff --git a/reuters/training/2944 b/reuters/training/2944
new file mode 100644
index 0000000000000000000000000000000000000000..1d7d9ced6f3f93ac192b401ca0b9442b626edd33
--- /dev/null
+++ b/reuters/training/2944
@@ -0,0 +1,12 @@
+26 REPORTED DEAD IN FERRY DISASTER
+  At least 26 people died when
+  a car ferry struck a pier as it left Belgium for Britain, a
+  nurse who took part in the rescue operation said.
+      Jan Van Moerbeke, a male nurse, said on coming off the
+  Herald of Free Enterprise that he had found six people on top
+  of the vessel who were dead. There were at least another 20
+  dead inside the boat, he added.
+      The governor of West Flanders province said 240 people were
+  still unaccounted for.
+  
+
diff --git a/reuters/training/2945 b/reuters/training/2945
new file mode 100644
index 0000000000000000000000000000000000000000..23fc7b41609574f6485a20e92a74eb13b6cab3c6
--- /dev/null
+++ b/reuters/training/2945
@@ -0,0 +1,14 @@
+CONTINENTAL FEDERAL <CONF> HOLDER TO SELL STAKE
+  Continental Federal Savings and
+  Loan Association said it was told that an estate holding 38 pct
+  of its stock plans to sell its stake at a premium over the
+  current stock price.
+     Continental said the estate of Harold Vernon and certain
+  parties have signed a letter of intent to sell the stock for
+  12.25 dlrs a share, for a total of about 6,538,000 dlrs.
+  Continental's stock closed at seven in over-the-counter
+  trading.
+      The thrift said the buyer is <BAC Inc>, a corporation
+  acting for certain unindentified parties.
+  
+
diff --git a/reuters/training/2946 b/reuters/training/2946
new file mode 100644
index 0000000000000000000000000000000000000000..d4b3ff2dc0168140c50020540a90a1a8139b2c9e
--- /dev/null
+++ b/reuters/training/2946
@@ -0,0 +1,8 @@
+BROKER'S CHOICE TO BUY RUBBERTECH
+  Broker's Choice Capital Inc said
+  it signed a letter of intent to buy Rubbertech Inc.
+      If approved by shareholders, Broker's Choice will issue
+  about 71 mln shares of authorized, but unissued shares of
+  restricted common stock to Rubbertech Inc.
+  
+
diff --git a/reuters/training/2947 b/reuters/training/2947
new file mode 100644
index 0000000000000000000000000000000000000000..519d375a82478317b86c7e86073b2c3af4ef5223
--- /dev/null
+++ b/reuters/training/2947
@@ -0,0 +1,22 @@
+ARGENTINA UNAFFECTED BY BRAZIL'S MAIZE DECISION
+  A government official said that a
+  decision by Brazil not to import maize because it forecast a
+  record harvest would not affect Argentina's exports.
+      "We have heard nothing about this, but if Brazil has decided
+  not to import maize that is no problem for us as it is not one
+  of our main customers," Agriculture, Livestock and Fisheries
+  Under-Secretary Miguel Braceras said.
+      Private sources also said Argentina's exports would not be
+  affected by Brazil's decision, which Agriculture Minister Iris
+  Resende announced yesterday in Sao Paulo.
+      Brazil had not asked for any Argentine maize, they said.
+      They also said a smaller crop and adverse weather this
+  summer in Argentina had reduced production.
+      Braceras said that last year Brazil bought 800,000 tonnes
+  of Argentine maize but in some years it had not imported any
+  from Argentina.
+      The Soviet Union was Argentina's main customer and Japan
+  was also becoming a bigger importer of the country's maize, he
+  said.
+  
+
diff --git a/reuters/training/2948 b/reuters/training/2948
new file mode 100644
index 0000000000000000000000000000000000000000..cdf97978444a311823f7ae4974259ad41c058eb9
--- /dev/null
+++ b/reuters/training/2948
@@ -0,0 +1,33 @@
+DOT DISMISSES TWA <TWA>, USAIR <U> APPLICATION
+  The U.S. Department of Transportation
+  (DOT) said it dismissed on technical grounds an application by
+  Trans World Airlines Inc for DOT approval for it to take
+  control of USAir Group.
+      The DOT added, however, that TWA was free to refile when it
+  could put together an application for control that met the
+  agency's procedural requirements.
+      The DOT acted shortly after the U.S. Department of Justice
+  disclosed that it supported dismissal of the TWA application.
+      It was not immediately clear what impact the denial would
+  have on TWA's bid to take over USAir.
+      In its control application, TWA had acknowledged that
+  additional documentation was required to meet DOT rules and
+  said it would file more material on the morning of March 9.
+      But the DOT said it would not wait.
+      "We have determined to dismiss TWA's application for
+  approval of the acquisition of USAir," it said in an order
+  issued late Friday.
+      "TWA's application clearly fails to comply with the filing
+  requirements of our regulations...and TWA has provided no
+  reason why we should accept such a deficient filing," it added.
+      "Accordingly, we will dismiss the application. TWA, of
+  course, may refile it when it is able to comply with our
+  procedural rules," the DOT said.
+      The agency added that it would continue to consider a
+  separate TWA request for federal clearance to purchase USAir
+  stock through a voting trust.
+      USAir had said earlier today that it asked the DOT to
+  dismiss the TWA control application, on grounds the TWA filing
+  did not meet DOT requirements.
+  
+
diff --git a/reuters/training/2950 b/reuters/training/2950
new file mode 100644
index 0000000000000000000000000000000000000000..fe76e4fb9c8040696452093fd4dc79e80d6c848e
--- /dev/null
+++ b/reuters/training/2950
@@ -0,0 +1,14 @@
+TWA <TWA> TO REFILE WITH U.S. AGENCY
+  Transworld Airlines Inc plans to refile
+  an application Monday with the Department of Transportation for
+  approval to acquire USAir Group <U>.
+      The DOT late today dismissed TWA's application to acquire
+  USAir.
+      "When the DOT opens for business on Monday morning, we will
+  be refiling a perfected and completed section 408 application,"
+  said TWA general counsel Mark Buckstein.
+      Buckstein said the DOT ruled the application, which was
+  filed Wednesday, was incomplete. He said he did not yet know
+  why the agency objected.
+  
+
diff --git a/reuters/training/2951 b/reuters/training/2951
new file mode 100644
index 0000000000000000000000000000000000000000..d1bf3c5d4a582dc5fb28cdfc3a14ef1d5664ea83
--- /dev/null
+++ b/reuters/training/2951
@@ -0,0 +1,12 @@
+JUSTICE ASKS U.S. DISMISSAL OF TWA (TWA) FILING
+  The Justice Department told the
+  Transportation Department it supported a request by USAir 
+  Group that the DOT dismiss an application by Trans World
+  Airlines Inc for approval to take control of USAir.
+      "Our rationale is that we reviewed the application for
+  control filed by TWA with the DOT and ascertained that it did
+  not contain sufficient information upon which to base a
+  competitive review," James Weiss, an official in Justice's
+  Antitrust Division, told Reuters.
+  
+
diff --git a/reuters/training/2952 b/reuters/training/2952
new file mode 100644
index 0000000000000000000000000000000000000000..26d41a1c9301241205550b2fa6ce1f125626bf95
--- /dev/null
+++ b/reuters/training/2952
@@ -0,0 +1,11 @@
+HONG KONG BANKS LEAVE INTEREST RATES UNCHANGED
+  The Hong Kong Association of Banks
+  said it decided to leave interest rates unchanged at today's
+  regular weekly meeting.
+      Current rates are 1-3/4 pct for savings accounts, 24-hours,
+  seven-day call, one-week and two-weeks. One-month is 2-1/4 pct,
+  two-months 2-1/2 pct, three- and six-months are both three pct,
+  nine-months 3-1/4 pct and 12-months 3-3/4 pct.
+      Prime rate is six pct.
+  
+
diff --git a/reuters/training/2953 b/reuters/training/2953
new file mode 100644
index 0000000000000000000000000000000000000000..aab2398dbd5ebe9da1146c259445a62a26a32d2b
--- /dev/null
+++ b/reuters/training/2953
@@ -0,0 +1,11 @@
+SAVINGS ACUISITION IN CALIFORNIA ANNOUNCED
+  The Federal Home Loan Bank Board
+  (FHLBB) announced the acquisiton of South Bay Savings & Loan
+  Association in Gardena, Calif., By Standard Pacific Savings of
+  Costa Mesa, Calif.
+      The FHLBB said South Bay had assets of 62.5 mln dlrs and
+  Standard Pacific had 312.8 mln dlrs in assets.
+      It was the fourth federally-assisted merger or acquisition
+  of a troubled savings institution this year, the FHLBB said.
+  
+
diff --git a/reuters/training/2954 b/reuters/training/2954
new file mode 100644
index 0000000000000000000000000000000000000000..4b66495a8c70c57b5c2d39175a60202ef5500244
--- /dev/null
+++ b/reuters/training/2954
@@ -0,0 +1,9 @@
+COLOMBIA DENIES SELLING COFFEE BELOW MARKET
+  Colombia denied having sold 440,000 60-kg
+  bags of old crop coffee below current market prices to clients
+  in Europe and Asia.
+      A spokesman for the National Coffee Growers Federation,
+  commenting on rumours which had circulated in market circles,
+  said these were false.
+  
+
diff --git a/reuters/training/2955 b/reuters/training/2955
new file mode 100644
index 0000000000000000000000000000000000000000..a4041ea0b86a581110377a0dd5da8910ebcdbb95
--- /dev/null
+++ b/reuters/training/2955
@@ -0,0 +1,13 @@
+TWO HUNDRED FEARED DEAD IN FERRY DISASTER
+  About 200 people are feared
+  dead after a British cross-channel ferry rolled on its side off
+  the Belgian coast last night -- but almost 350 passengers were
+  plucked to safety from the ice-cold sea.
+      Belgian Transport Minister Herman de Croo told reporters: "I
+  fear the dead could be in hundreds, perhaps 200. Given the
+  state of the water, I fear there is no hope."
+      Townsend Thorensen, owners of the 7,951 tonne Herald of
+  Free Enterprise, said the ferry was carrying 543 people and
+  that 345 had been rescued. All but one were British.
+  
+
diff --git a/reuters/training/2956 b/reuters/training/2956
new file mode 100644
index 0000000000000000000000000000000000000000..c428e131830f533fed6e48e4285deb928a8082e4
--- /dev/null
+++ b/reuters/training/2956
@@ -0,0 +1,31 @@
+MALAYSIA BAILS OUT ANOTHER COMMERCIAL BANK
+  Malaysia's central bank said it
+  acquired a 59.2 pct stake in ailing <United Asian Bank Bhd>
+  (UAB), the sixth largest commercial bank in the country, to
+  rebuild public confidence in it.
+      UAB called for a rights issue last November to raise 152.49
+  mln ringgit to rectify its capital deficiency following an
+  accumulated loss of 107.61 mln ringgit at end-1985, the central
+  bank, Bank Negara, said in a statement.
+      But only 16.99 mln ringgit in shares was taken up by
+  shareholders, mainly local Indian and Malay businessmen and the
+  Indian Government.
+      Bank Negara said it subsequently took up the unsubscribed
+  shares, totalling 135.5 mln of UAB's new paid-up capital of
+  228.74 mln ringgit.
+      It said the shares, held in trust, will be eventually sold.
+      The central bank early this week also announced that it had
+  bought 49.4 pct stake in another troubled commercial bank,
+  <Perwira Habib Bank Malaysia Bhd>, after the latter raised its
+  capital to 405 mln ringgit from 105 in mid-January this year.
+      Bank Negara said it does not intend to hold on to the
+  shares of the two banks.
+      "The injection of capital in PHB and in UAB including the
+  recamp of management in these banks are some of the measures
+  taken by the bank to strengthen public confidence in the
+  stability of the these banks," it added.
+      The central bank said it is invoking Section 39A of the
+  Banking (Amendemnt) Act 1986 empowering it to grant loans to an
+  ailing bank or to buy a stake in it.
+  
+
diff --git a/reuters/training/2957 b/reuters/training/2957
new file mode 100644
index 0000000000000000000000000000000000000000..520203a5a72b87aceb00a6128ea05aedcaa68712
--- /dev/null
+++ b/reuters/training/2957
@@ -0,0 +1,24 @@
+ECUADOR ADOPTS AUSTERITY MEASURES AFTER QUAKE
+  OPEC member Ecuador adopted austerity
+  measures to conserve fuel after oil production was paralyzed by
+  a strong earthquake.
+      Energy and Mines Minister Javier Espinosa announced on
+  television the country would cut domestic fuel sales by 30 pct.
+  A ministry statement had earlier announced indefinite
+  suspension of crude oil exports, declaring force majeure.
+      Deputy Energy Minister Fernando Santos Alvite told a
+  television interviewer that it could possibly take more than a
+  month to repair Ecuador's main pipeline linking Amazon basin
+  oil fields to the Pacific Ocean coast.
+      The quake on Thursday, which registered six on the 12-point
+  Mercalli scale, killed at least six people and was centred near
+  the Reventador volcano about 90 km (50 miles) east of Quito.
+      Ecuador had recently been pumping 260,000 barrels per day.
+      The government's austerity measures ban the sale of
+  aviation fuel to foreign airliners on international routes and
+  no fuel will be available for ships owned by foreign lines.
+      Ecuador also banned the sale of petrol on weekends and
+  holidays and limited sales on weekdays, an Energy and Mines
+  Ministry communique said.
+  
+
diff --git a/reuters/training/2958 b/reuters/training/2958
new file mode 100644
index 0000000000000000000000000000000000000000..b9a651bd45ea5786377151f92db118ab0429bd51
--- /dev/null
+++ b/reuters/training/2958
@@ -0,0 +1,25 @@
+FERRY DISASTER MAY RANK AMONG WORST TRAGEDIES
+  Fading hope for passengers trapped aboard
+  a partially-sunk Channel ferry raised fears the accident could
+  rank among this centuries' worst peacetime shipping tragedies.
+      Belgian Transport Minister Herman de Croo said there was no
+  hope of rescuing any of about 220 passengers trapped in the
+  Herald of Free Enterprise after it capsized off the Belgian
+  coast last night.
+      If confirmed, the toll would make the incident the world's
+  worst since a Soviet liner, the Admiral Nakhimov, collided with
+  a freighter in the Black Sea last September and sank with the
+  loss of nearly 400 lives. A further 856 people were rescued.
+      The world's deadliest single peacetime incident at sea was
+  the sinking in 1912 of the Titanic with a loss of 1,500 lives.
+      The second biggest loss of life in peacetime was in 1914
+  when 1,014 people drowned when the liner Empress of Ireland
+  collided with a freighter on the St Lawrence river in Canada.
+      The world's worst maritime disaster was in wartime that
+  took 7,700 lives when the German liner Wilhelm Gustloff was
+  torpedoed by a Soviet submarine in January 30, 1945.
+      In 1985, more than 200 were feared dead after two ferries
+  sank near Dhaka, 174 drowned when a ferry capsized in China and
+  147 died when a launch sank off the Malaysian state of Sabah.
+  
+
diff --git a/reuters/training/2959 b/reuters/training/2959
new file mode 100644
index 0000000000000000000000000000000000000000..332baf835c0f39eacccd06ff525ff091741c03b8
--- /dev/null
+++ b/reuters/training/2959
@@ -0,0 +1,14 @@
+ALMOST 200 DEAD IN FERRY DISASTER
+  There are no more survivors from a
+  British cross-Channel ferry disaster off the Belgian coast and
+  almost 200 people seem certain to have perished, a senior
+  Belgian official said.
+      Jacques Thas, in charge of rescue for the Herald of Free
+  Enterprise, said his men had searched all of the ship except
+  some inaccessible cabins and the control room.
+      "I am afraid there are no more survivors," he said. Thas said
+  32 of the 543 passsengers and crew were confirmed dead and 160
+  were missing, bringing the total of dead or presumed dead to
+  192.
+  
+
diff --git a/reuters/training/296 b/reuters/training/296
new file mode 100644
index 0000000000000000000000000000000000000000..207ac2ee4de21cfec146de6aa805bc4311bfbef9
--- /dev/null
+++ b/reuters/training/296
@@ -0,0 +1,13 @@
+NEW DUTCH ADVANCES TOTAL 4.8 BILLION GUILDERS
+  The Dutch Central Bank said it has
+  accepted bids totalling 4.8 billion guilders at tender for new
+  seven-day special advances at 5.3 pct covering the period March
+  2 to 9 aimed at relieving money market tightness.
+      Subscriptions to 300 mln guilders were met in full, amounts
+  above 300 mln at 50 pct.
+      The new facility replaces old five-day advances worth 8.0
+  billion guilders at the same rate.
+      Dealers expect this week's money market shortage to be
+  around 12 billion guilders.
+  
+
diff --git a/reuters/training/2960 b/reuters/training/2960
new file mode 100644
index 0000000000000000000000000000000000000000..f4b2d00ac9423bfc86556cbf841bc11cb8c9c85e
--- /dev/null
+++ b/reuters/training/2960
@@ -0,0 +1,9 @@
+<SIME DARBY BHD> SIX MONTHS TO DECEMBER 31
+  Shr 3.9 cents vs 4.2 cents
+      Interim dividend three cents vs same
+      Group net 35.8 mln ringgit vs 39.1 mln
+      Pre-tax 77.3 mln vs 99.8 mln
+      Turnover 1.16 billion vs 1.05 billion
+      Note - dividend pay May 22, register April 24.
+  
+
diff --git a/reuters/training/2961 b/reuters/training/2961
new file mode 100644
index 0000000000000000000000000000000000000000..35a4fd488b13862ffebc2591f486a0701d675bc6
--- /dev/null
+++ b/reuters/training/2961
@@ -0,0 +1,10 @@
+<CONSOLIDATED PLANTATIONS BHD>
+  Six months to December 31
+      SHR 2.6 cents vs 5.2 cents
+      Interim dividend four cents vs same
+      Group net 12.4 mln ringgit vs 24.3 mln
+      Pre-tax 26.6 mln vs 53.5 mln
+      Turnover 235.3 mln vs 333.9 mln
+      Note - dividend pay April 30, register April 3.
+  
+
diff --git a/reuters/training/2962 b/reuters/training/2962
new file mode 100644
index 0000000000000000000000000000000000000000..244638dac32dd34a10db4b97cca0c77d099e6c43
--- /dev/null
+++ b/reuters/training/2962
@@ -0,0 +1,10 @@
+<TRACTORS MALAYSIA HOLDINGS BHD>
+  Six months to December 31
+      SHR 8.8 cts vs 0.5 ct
+      Interim dividend 12.5 cts vs nil
+      Group net 9.5 mln ringgit vs 0.6 mln
+      Pre-tax 11 mln vs 1.1 mln
+      Turnover 88.9 mln vs 70.8 mln
+      Note - dividend pay May 15, register April 17.
+  
+
diff --git a/reuters/training/2963 b/reuters/training/2963
new file mode 100644
index 0000000000000000000000000000000000000000..7abd011e1a3607ca2a1ad128630d9d1c5697b13f
--- /dev/null
+++ b/reuters/training/2963
@@ -0,0 +1,10 @@
+<DUNLOP MALAYSIAN INDUSTRIES BHD>
+  Six months to December 31
+      SHR 1.4 cts vs 1.6 cts
+      Interim dividend one cent vs same
+      Group net 4.1 mln ringgit vs 4.7 mln
+      Pre-tax 6.7 mln vs nine mln
+      Turnover 100.8 mln vs 112.1 mln
+      Note - dividend pay April 28, register April 3.
+  
+
diff --git a/reuters/training/2964 b/reuters/training/2964
new file mode 100644
index 0000000000000000000000000000000000000000..fb931fe7a7fa6cb0be44d35f43f3ef4a31239c12
--- /dev/null
+++ b/reuters/training/2964
@@ -0,0 +1,14 @@
+BANGLADESH SUGAR PRODUCTION ALMOST DOUBLES
+  Bangladesh's sugar production increased by
+  nearly 60,000 tonnes over last year's season to total 140,000
+  tonnes at the end of this year's season, the Sugar and Food
+  Industries Corp said.
+      The increased output will enable Bangladesh to cut imports.
+  Corporation officials told Reuters the country has already
+  imported 37,000 tonnes of sugar and will buy 113,000 tonnes
+  more to make up shortfall in the 1986/87 year ending June 30.
+      Imports in 1985/86 totalled 224,000 tonnes, of which nearly
+  100,000 tonnes are still in stock, they said without giving
+  further details.
+  
+
diff --git a/reuters/training/2965 b/reuters/training/2965
new file mode 100644
index 0000000000000000000000000000000000000000..cf6a636ba4317c0e2d228e850fe90349ce9fe5ac
--- /dev/null
+++ b/reuters/training/2965
@@ -0,0 +1,43 @@
+GERMAN 1988 TAX CUTS RAISED BY 5.2 BILLION MARKS
+  Senior officials in the West German
+  coalition government said tax cuts planned for next year would
+  be increased by 5.2 billion marks, in line with a pledge made
+  by Finance Minister Gerhard Stoltenberg at last month's
+  international monetary conference in Paris.
+      Gerold Tandler, General Secretary of the Christian Social
+  Union Party, detailing the cuts at a news conference also
+  attended by officials from the Christian Democratic Union and
+  Free Democratic Party, said all of the additional 5.2 billion
+  mark reduction would represent net tax relief.
+      An increase in revenue from other sources was not planned.
+      The reductions will be added on to a package of tax cuts
+  already planned for 1988 amounting to some nine billion marks.
+      Tandler said three billion marks of the extra tax relief
+  would be accounted for by reducing the rate of marginal
+  increase in income tax.
+      An increase in personal tax allowances would save taxpayers
+  1.4 billion marks. Extra tax allowances for people whose
+  children are being educated would cut 300 mln marks from the
+  tax bill. A further 500 mln marks would be accounted for by
+  increasing the level of special depreciations for small- and
+  medium-sized companies.
+      The extra fiscal measures planned for next year are part of
+  a general reform of the tax system which will come into effect
+  in 1990. Stoltenberg had said in Paris that part of this
+  reform, which will cut taxes by a gross 44 billion marks, would
+  be introduced next year, ahead of schedule.
+      The West German government had come under pressure from the
+  United States to stimulate its economy with tax cuts. But
+  Stoltenberg said in a speech last night in Hamburg that, while
+  the economy would continue to expand this year, the rate of
+  growth was uncertain.
+      The government said in January it was aiming for real
+  growth in Gross National Product this year of 2.5 pct, but some
+  economists have revised their predictions down to two or below.
+      Stoltenberg said: "We remain on a course of expansion.
+  Whether (this will be) under two pct, as some people believe,
+  or around 2.5 pct as some others expect, or even closer to
+  three pct, as the Kiel World Economic Institute forecast a few
+  days ago, remains open at the moment."
+  
+
diff --git a/reuters/training/2966 b/reuters/training/2966
new file mode 100644
index 0000000000000000000000000000000000000000..3e6f7ee59db3536dde1ddf43cd67f3211e4929ba
--- /dev/null
+++ b/reuters/training/2966
@@ -0,0 +1,12 @@
+YIELD FALLS ON 30-DAY SAMA DEPOSITS
+  The yield on 30-day bankers security
+  deposit accounts issued this week by the Saudi Arabian Monetary
+  Agency (SAMA) fell to 5.84073 pct from 6.21950 last Saturday,
+  bankers said.
+      SAMA increased the offer price on the 900 mln riyal issue
+  to 99.51563 from 99.48438. One-month interbank riyal deposits
+  were quoted today at 6-1/4, six pct.
+      SAMA offers a total of 1.9 billion riyals each week in 30,
+  91 and 180-day paper to banks in the Kingdom.
+  
+
diff --git a/reuters/training/2968 b/reuters/training/2968
new file mode 100644
index 0000000000000000000000000000000000000000..f11ded1042132cd78196df97f953cb034abc8ebc
--- /dev/null
+++ b/reuters/training/2968
@@ -0,0 +1,44 @@
+EXPERTS HAD EXPRESSED FEARS OVER RO-RO SAFETY
+  As a British government investigation got
+  under way into the sinking of the car ferry Herald of Free
+  Enterprise with heavy loss of life, experts said doubts had
+  already been expressed about the roll-on roll-off type of ship.
+      Shipping minister Lord Brabazon said a preliminary
+  investigation had started into why the 7,951 tonne ferry
+  capsized and sank in little over a minute as it manoeuvred to
+  leave Zeebrugge on a routine four hour crossing to Dover.
+      Initial reports spoke of water flooding the car decks
+  through the bow doors. But a spokesman for the owners, Townsend
+  Thoresen, said it was also possible the ferry had been holed.
+      Townsend Thoresen operate two other ships identical to the
+  Herald of Free Enterprise, but Brabazon said it was not planned
+  to pull them out of service at present.
+      "Our investigator is there already. We shall have to wait
+  and see. But it is too early to say what happened," he told BBC
+  radio.
+      As the work of retrieving bodies from the half-submerged
+  hulk continued, maritime safety experts in London said doubts
+  had already been expressed about the design of so-called "RoRo"
+  ferries such as the Herald of Free Enterprise.
+      In 1980 the Inter-Governmental International Maritime
+  Consultative Committee issued a report saying more roll-on
+  roll-off vessels were lost in accidents than ships with deck
+  areas divided by bulkheads.
+      Townsend Thoresen say the ship, built at the West German
+  yard of Bremerhaven in 1980, was built to the highest safety
+  standards.
+      But salvage expert William Cooper said passengers would
+  have had problems getting off this type of ship because of its
+  design.
+      Former Townsend Thoresen navigating officer Clive Langley
+  said the RoRo type of vessels were similar in some respects to
+  a barge.
+      "As any sailor knows it only takes two or three inches out
+  of line and you can turn a barge over. An ordinary ship is
+  compartmentalised and you have more stability," he said.
+      Cooper said cross-Channel ferries were normally perfectly
+  stable but had huge wide deck areas above the water level.
+      "If you do get water into that area then you can get very
+  severe effects on the stability of the ship," he added.
+  
+
diff --git a/reuters/training/297 b/reuters/training/297
new file mode 100644
index 0000000000000000000000000000000000000000..00d1155bebec8a5d8431298edd51850784c4649b
--- /dev/null
+++ b/reuters/training/297
@@ -0,0 +1,23 @@
+JAPAN BUYS SOME 95,000 TONNES SOYBEANS FROM CHINA
+  Japanese importers bought some 95,000
+  tonnes of Chinese soybeans late last month for May to September
+  shipment, under the semi-annual trade accords, trade sources
+  said.
+      The FOB premium rose to 13.50 dlrs per tonne, up 2.50 dlrs
+  from the premium for the November to April shipment, but down
+  from 13.80 for the last May to September shipment.
+      Flat prices for Chinese beans are based on futures prices
+  in Chicago plus the FOB premium.
+      Japanese purchases of Chinese soybeans, including spot
+  buying, may have totalled 240,000 to 250,000 tonnes of the 1986
+  crop for November to April 1987 shipment, down from some
+  300,000 tonnes the previous year, the sources said.
+      Domestic demand for edible-use soybeans is expected to
+  remain stable at about 240,000 to 250,000 tonnes a year, the
+  sources said.
+      In recent years Japanese importers have overbought Chinese
+  edible-use soybeans and sold the surplus to domestic crushers,
+  but low 1986 U.S. Crop prices have discouraged the purchase of
+  Chinese origin beans for crushing, they said.
+  
+
diff --git a/reuters/training/2970 b/reuters/training/2970
new file mode 100644
index 0000000000000000000000000000000000000000..4ced66175aaa83c28a6807783300b27f35bd14a3
--- /dev/null
+++ b/reuters/training/2970
@@ -0,0 +1,12 @@
+IRAQ-TURKEY OIL PIPELINE CUT BY LANDSLIDE
+  Turkey oil pipeline near the southern town of Adana after it
+  was cut by a landslide, the Hurriyet and Anatolian news
+  agencies said.
+      Little oil was lost in the landslide Friday night because
+  taps on the one mln bpd line were switched off after the
+  accident, they said.
+      The pipeline, which carries oil for Turkey and other
+  customers from Iraq's Kirkuk field to the Yumurtalik terminal
+  on the Turkish Mediterranean coast, is Iraq's main oil outlet.
+  
+
diff --git a/reuters/training/2971 b/reuters/training/2971
new file mode 100644
index 0000000000000000000000000000000000000000..9f79eb963e895b641011b18c368e79eaf8b2c77b
--- /dev/null
+++ b/reuters/training/2971
@@ -0,0 +1,25 @@
+BRAZIL SEAMEN CONTINUE STRIKE AFTER COURT DECISION
+  Hundreds of marines were on alert
+  at 11 key Brazilian ports after 40,000 seamen decided to remain
+  on indefinite strike, even after the Higher Labour Court
+  yesterday ruled it illegal, union leaders said.
+      The halt, the first national strike by seamen in 25 years,
+  started on February 27, and union leaders said they would not
+  return to work unless they got a 275 pct pay rise. Shipowners
+  have offered a 100 per cent raise, which the seamen rejected.
+      "We have nothing to lose. If they want to lay off the
+  workers, fine, but we are determined to carry on with our
+  protest until the end," a union leader said.
+      He said they had decided in a meeting that if the marines
+  take over the ships, the seamen would abandon the vessels and
+  let the marines handle the situation by themselves.
+      A spokesman for the Rio de Janeiro Port said the order to
+  send marines to take over the ports was given by Navy Minister
+  Henrique Saboya on grounds that ports are areas of national
+  security. But he said there were no incidents. The strike has
+  cut exports and imports and made an estimated 160 ships idle.
+      Petrol station owners in four states also continued their
+  shutdown and there were fears that the combination of the two
+  stoppages could lead to a serious fuel shortage.
+  
+
diff --git a/reuters/training/2973 b/reuters/training/2973
new file mode 100644
index 0000000000000000000000000000000000000000..dd0923f387d23b87874d7e5fc0e0d52800d13245
--- /dev/null
+++ b/reuters/training/2973
@@ -0,0 +1,46 @@
+ECUADOR TO EXPORT NO OIL FOR FOUR MONTHS, OFFICIAL
+  The suspension of Ecuador's crude oil
+  shipments after an earthquake cut an oil pipeline will last at
+  least four months, a senior Energy Ministry official said.
+      The official said Ecuador could resume exports after
+  repairing a 40 km section of the 510 km pipeline, which links
+  jungle oil fields at Lago Agrio to Balao on the Pacific coast.
+  It would take about 100 mln U.S. Dlrs to repair the pipeline,
+  the official, who did not want to be named, told Reuters.
+  Ecuador had enough oil to meet domestic demand for about 35
+  days and would have to import crude to supplement stocks.
+      The earthquake last Thursday night registered six on the
+  12-point international Mercalli scale. The damage to the
+  pipeline was a severe economic blow to Ecuador, where oil
+  accounts for up to two-thirds of total exports and as much as
+  60 pct of government revenues.
+      Financially pressed Ecuador, a member of the Organisation
+  of Petroleum Exporting Countries (OPEC), was recently pumping
+  about 260,000 barrels per day (bpd) of crude, about 50,000 bpd
+  above the output quota assigned by the cartel, another Energy
+  Ministry spokesman said. Last year, it exported an average of
+  173,500 bpd, according to the central bank.
+      However, Ecuador might build an emergency 25 km pipeline,
+  costing 15 to 20 mln dlrs, to hook up with a Colombian
+  pipeline, the first official said. He estimated it could take
+  about 60 days to build.
+      Ecuador, squeezed by the slide in world oil prices in 1986,
+  had only 138 mln dlrs in net international reserves at the end
+  of January, about equal to one month's imports.
+      It suspended interest payments in January on 5.4 billion
+  dlrs owed to about 400 private foreign banks. The country's
+  total foreign debt is 8.16 billion dlrs, the eighth largest in
+  Latin America.
+      In Caracas, President Jaime Lusinchi said Venezuela would
+  loan five mln barrels of crude to Ecuador over the next three
+  months to make up for losses from damage to the pipeline.
+      Ecuador asked for the loan to guarantee domestic supplies
+  and would ship an equivalent volume back to Venezuela in
+  repayment in May, Lusinchi said.
+      A commission headed by Venezuelan Investment Fund Minister
+  Hector Hurtado and including representatives from the interior
+  and defence ministries and the state oil company Petroleos de
+  Venezuela will travel to Ecuador Tuesday to evaluate and
+  co-ordinate an emergency relief program, he said.
+  
+
diff --git a/reuters/training/2974 b/reuters/training/2974
new file mode 100644
index 0000000000000000000000000000000000000000..404c4af5be4b7071de9a9d9e0bb26d5dbebbfea8
--- /dev/null
+++ b/reuters/training/2974
@@ -0,0 +1,25 @@
+EC FARM LIBERALISATION SEEN HURTING THAI TAPIOCA
+  Any European Community decision to
+  liberalise farm trade policy would hurt Thailand's tapioca
+  industry, said Ammar Siamwalla, an agro-economist at the
+  Thailand Development Research Institute (TDRI).
+      He told a weekend trade seminar here that any EC move to
+  cut tariff protection for EC grains would make many crops more
+  competitive than tapioca in the European market.
+      The EC is the largest buyer of Thai tapioca, absorbing more
+  than two thirds of the 5.8 mln tonnes of pellets exported by
+  Thailand last year. Thailand has an EC quota of an average 5.25
+  mln tonnes a year until 1990.
+      Ammar said Thailand had benefited from an EC tariff
+  loophole that subjects Thai tapioca to a preferential six pct
+  import duty.
+      Ammar, head of the agricultural research group of the TDRI,
+  suggested tapioca farmers diversify to other crops.
+      He said: "If cereal prices in Europe fall so that they are
+  close to world prices, the tapioca market there will disappear
+  completely."
+      He said the issue may put Thailand in a dilemma because it
+  had recently joined other major commodity producers in calling
+  on the EC to cut its farm product export subsidies.
+  
+
diff --git a/reuters/training/2975 b/reuters/training/2975
new file mode 100644
index 0000000000000000000000000000000000000000..ab3d9367648f5d31c69baac0ce1dc5ad82d7606c
--- /dev/null
+++ b/reuters/training/2975
@@ -0,0 +1,24 @@
+CHINA RAISES CROP PRICES TO INCREASE OUTPUT
+  China has raised the prices it pays
+  farmers for cotton, edible oil, sugar cane and beets to reverse
+  a decline in output in 1986, He Kang, Minister of Agriculture,
+  Animal Husbandry and Fisheries said.
+      The China Daily quoted He as saying China should adopt
+  intensive farming to increase per hectare output and improve
+  crop quality and maintain arable land at 111 mln hectares. He
+  gave no details of the price increases.
+      On grain, He said the state will cut the quota it purchases
+  from farmers by 50 mln tonnes and abolish the practice of
+  purchasing through agents.
+      He said the state will increase investment in agriculture
+  and supplies of fertiliser, diesel oil and other production
+  materials and stabilise fertiliser and diesel oil prices.
+      The state offers cheap fertiliser and diesel oil and
+  payment in advance to farmers who contract to supply grain at a
+  low state-fixed price.
+      He said China aims to produce between 425 and 450 mln
+  tonnes of grain by 1990, up from a target of 405 mln this year
+  and an actual 391 mln last year.
+      He gave no more details.
+  
+
diff --git a/reuters/training/2976 b/reuters/training/2976
new file mode 100644
index 0000000000000000000000000000000000000000..d0e6458e64cf173d68945d57480ae381d3a28d62
--- /dev/null
+++ b/reuters/training/2976
@@ -0,0 +1,13 @@
+AUSTRALIA SELLS 180,000 TONNES OF SUGAR TO USSR
+  Australia sold 180,000 tonnes of raw
+  sugar to the Soviet Union for shipment in the next few weeks,
+  Queensland Primary Industries Minister Neville Harper said.
+      Loading of a 50,000-tonne cargo on the Soviet freighter
+  Nikolay Kuznetsov for shipment to Odessa was completed today at
+  the Lucinda terminal, he said in a statement.
+      The balance will be shipped from Mackay by end-March,
+  Harper said.
+      Australia exported 159,000 tonnes of sugar to the Soviet
+  Union in 1986.
+  
+
diff --git a/reuters/training/2977 b/reuters/training/2977
new file mode 100644
index 0000000000000000000000000000000000000000..d8a7756de84dfb1f98ef42ab51254133997de744
--- /dev/null
+++ b/reuters/training/2977
@@ -0,0 +1,13 @@
+THAI NATURAL RUBBER EXPORTS RISE IN 1986
+  Thai natural rubber exports rose to
+  763,331 tonnes in 1986 from 689,964 a year earlier, the private
+  Board of Trade said.
+      Japan, the biggest buyer, imported 384,622 tonnes of Thai
+  rubber in 1986, up from 348,855 the previous year, it said.
+      Other major buyers were the U.S. At 86,383 tonnes, up from
+  81,629 in 1985, China 69,952 (60,296) and West Germany 32,172
+  (25,909).
+      Exports to France rose to 20,479 tonnes from 12,143 in
+  1985, Austria 6,048 (4,104), and Italy 4,014 tonnes (1,340).
+  
+
diff --git a/reuters/training/2978 b/reuters/training/2978
new file mode 100644
index 0000000000000000000000000000000000000000..365e1d3cb422264c38ee92ac3701b64fe9e94b3c
--- /dev/null
+++ b/reuters/training/2978
@@ -0,0 +1,14 @@
+AUSTRALIAN BEEF OUTPUT DECLINES IN JANUARY
+  Australian beef output declined to
+  104,353 tonnes carcass weight in January from 112,262 in
+  December and 105,715 a year earlier, the Statistics Bureau
+  said.
+      This followed a decline in the cattle slaughter to 472,900
+  head from 509,500 in December and 478,800 in January 1986, the
+  bureau said.
+      But cumulative beef output for the first seven months of
+  fiscal 1986/87 ending June 30 rose to 838,416 tonnes from
+  746,837 a year earlier following a rise in cattle slaughter to
+  3.84 mln head from 3.40 mln.
+  
+
diff --git a/reuters/training/2979 b/reuters/training/2979
new file mode 100644
index 0000000000000000000000000000000000000000..223af3dc075dd7c62f9c39a08a105e7d64607951
--- /dev/null
+++ b/reuters/training/2979
@@ -0,0 +1,76 @@
+GERMAN GOVERNMENT NEEDS SEEN RAISING BOND YIELDS
+  Increased federal government borrowing
+  needs and a growing unwillingness by foreign investors to buy
+  mark assets could push yields in German public authority bonds
+  higher this year, bond market sources say.
+      "At the moment we have a sideways movement in the short-term
+  rates. But how rates move in the long end will depend strongly
+  on foreigners," one portfolio manager for a large securities
+  investment house in Frankfurt said.
+      The sources also said the government had already stepped up
+  its borrowing programme in anticipation on increased needs.
+      Friday's loan stock was the third this year already, the
+  sources noted. It carried a 10-year maturity, a coupon of six
+  pct and price of 100-1/4 to yield 5.97 pct at issue.
+      This compared with the last issue which had a 5-3/4 pct
+  coupon priced at 99-3/4 pct for a yield of 5.75 pct.
+      But dealers said the terms were not enough to attract
+  foreign investors, and the federal government would have to
+  push yields higher in future if it wanted to borrow again soon.
+      Sources noted federal government issues had also increased
+  in size, with the introduction of a four billion mark volume
+  only starting last May.
+      One finance ministry economist said "It isn't more. It's
+  just the size (of each bond) which has increased." He added
+  conditions in the capital market currently remained fairly
+  favourable for raising new debt.
+      Until recently, federal issues sold very strongly abroad,
+  with up to 90 pct of some being placed with foreign investors.
+      With the recent stabilisation of the U.S. Dollar, however,
+  foreign investors have begun to back away from the market, as
+  hopes of further currency gains in marks diminish.
+      Sources said the government has may have already stepped up
+  its borrowing, having raised more than 18 billion marks.
+      The government made net borrowings of 23 billion marks in
+  1986. But Bundesbank statistics showed that net borrowing
+  through bonds was 26.6 billion.
+      The sources said this indicated a move by the government
+  out of other types of debt to gain access to foreign funds
+  through the more acceptable loan stock form.
+      Although new credit needs were partly inflated by a large
+  amount of issues maturing recently, other factors, including
+  the government's tax reduction program, would also reduce
+  income next year. "The problem here will be the tax reform," the
+  portfolio manager said.
+      He added that the government's cut in its top income tax
+  rate to 53 pct from 56 pct in 1988 would make it difficult for
+  the government to reduce borrowings.
+      The sources said the government would fall far short of
+  covering all of its 40 billion marks in lost revenue from the
+  tax reform by making expenditure cuts and would be forced to
+  fall back on debt markets in one form or the other.
+      The portfolio manager noted that besides the three federal
+  government loan stocks so far this year, it has also fallen
+  back twice to raise a total 6.43 billion marks through the
+  issue of fixed-rate medium-term "Kassenobligation" notes.
+      A finance ministry economist said the government did not
+  expect to have any trouble keeping to its plan to borrow only a
+  net 22.3 billion marks this year.
+      Though many sources agreed, they added that the trend would
+  probably not continue next year as the further tax cuts come
+  into effect.
+      "I would expect the efforts for a further tax reform would
+  mean government borrowing will increase," the manager said.
+      Bond prices last week were slightly firmer on balance, with
+  the Bundesbank's public authority bond yield calculation
+  falling to 5.64 pct on Friday from 5.66 a week earlier.
+      But sources said foreign demand for the new federal
+  government loan stock was slack, as sentiment grows that the
+  dollar may now rise against the mark.
+      "The demand wasn't so good," a dealer for a German bank in
+  London said.
+      The dollar's recent slight appreciation against the mark
+  even meant that foreign investors have sold mark bonds
+  recently, some dealers said.
+  
+
diff --git a/reuters/training/298 b/reuters/training/298
new file mode 100644
index 0000000000000000000000000000000000000000..c5268a92fcc31a09525bab4bdac626e8979715bc
--- /dev/null
+++ b/reuters/training/298
@@ -0,0 +1,5 @@
+SHV SAYS IT MAKING TENDER OFFER FOR UP TO 33 MLN SHARES IN IC GAS
+
+  SHV SAYS IT MAKING TENDER OFFER FOR UP TO 33 MLN SHARES IN IC GAS
+  
+
diff --git a/reuters/training/2982 b/reuters/training/2982
new file mode 100644
index 0000000000000000000000000000000000000000..9e6091b726d7b325a037e9f8c1d1736fbb25bc7c
--- /dev/null
+++ b/reuters/training/2982
@@ -0,0 +1,14 @@
+USSR TO CUT COAL PRICE FOR JAPANESE STEELMILLS
+  The Soviet Union has agreed to cut its
+  coking coal export prices to Japanese steel mills by about five
+  dlrs a tonne in 1987/88 starting April 1 in exchange for an
+  increase in export volume, industry sources said.
+      The prices were set at 44 dlrs a tonne for Neryungrinsky
+  coal and at 43.80 dlrs for Kuznetsky coal, fob.
+      Japan will import a total of 4.9 mln tonnes from both
+  areas, up from 4.2 mln a year earlier, they said.
+      The steelmakers had asked Moscow to agree to a cutback to
+  3.7 mln tonnes in 1987/88, but the Soviet Union urged Japan to
+  increase the amount to 6.5 mln, they said.
+  
+
diff --git a/reuters/training/2983 b/reuters/training/2983
new file mode 100644
index 0000000000000000000000000000000000000000..0f65920db25a66b6dd6be3a99d25a8e31bd92244
--- /dev/null
+++ b/reuters/training/2983
@@ -0,0 +1,14 @@
+PLACER PACIFIC HOPES FOR MISIMA GOLD APPROVAL SOON
+  <Placer Pacific Ltd> said it hopes the
+  Papua New Guinea government will approve development of the
+  Misima gold project next month, following the submission of its
+  final environmental plan in Port Moresby today.
+      This completes the major documentation required to gain
+  official approval to proceed, Placer said in a statement.
+      Placer has estimated the epithermal deposit, located on the
+  eastern half of Misima Island off the southeastern coast of
+  Papua New Guinea, contains proven and probable reserves of 62.1
+  mln tonnes grading 1.35 grams/tonne gold and 20 grams/tonne
+  silver, and exploration is continuing.
+  
+
diff --git a/reuters/training/2985 b/reuters/training/2985
new file mode 100644
index 0000000000000000000000000000000000000000..25dfaa0d56e4f358c6ca2661f4708095f28c24e8
--- /dev/null
+++ b/reuters/training/2985
@@ -0,0 +1,10 @@
+BANGLADESH TRADE DEFICIT NARROWS IN OCTOBER 1986
+  The Bangladesh trade deficit narrowed to
+  1.91 billion Taka in October from 5.64 billion in September and
+  2.43 billion in October 1985, the Central Bank said.
+      Imports dropped to 4.31 billion Taka in October from 8.22
+  billion in September and 4.72 billion in October 1985.
+      Exports totalled 2.4 billion Taka in October, as against
+  2.58 billion in September and 2.29 billion in October 1985.
+  
+
diff --git a/reuters/training/299 b/reuters/training/299
new file mode 100644
index 0000000000000000000000000000000000000000..fd52c0228be038560650d54d5e42c1d2c5954390
--- /dev/null
+++ b/reuters/training/299
@@ -0,0 +1,9 @@
+CHEUNG KONG (HOLDINGS) LTD <CKGH.HK> YEAR 1986
+  Shr 3.25 H.K. Dlrs vs 1.40
+      Final div 52 cents vs 38, making 75 cents vs 57
+      Net 1.28 billion dlrs vs 551.7 mln
+      Note - Earnings excluded extraordinary gains of 983.6 mln
+  dlrs vs 81.3 mln. Bonus issue one-for-four vs nil. Share split
+  four-for-one. Dividend payable June 3, books close May 11-21.
+  
+
diff --git a/reuters/training/2990 b/reuters/training/2990
new file mode 100644
index 0000000000000000000000000000000000000000..cde17e6bfd3a375615ed6ddfb5f3dbeabfe21cd3
--- /dev/null
+++ b/reuters/training/2990
@@ -0,0 +1,14 @@
+SWISS INDUSTRIAL OUTPUT RISES IN FOURTH QQUARTER
+  Swiss industrial output rose nine pct in
+  the fourth quarter last year after a four pct third quarter
+  decline, and was up three pct from the final three months of
+  1985, the Federal Office of Industry, Trade and Labour said.
+      For the full year 1986 the index, base 1963, stood at 166
+  after up four pct from the 159 recorded the previous year.
+      Incoming orders gained four pct in the quarter after a five
+  pct third quarter fall and were up one pct from the year
+  earlier level. In the full year they gained one pct. The order
+  backlog fell eight pct, the third straight quarterly decline
+  and ended three pct under the year earlier level.
+  
+
diff --git a/reuters/training/2993 b/reuters/training/2993
new file mode 100644
index 0000000000000000000000000000000000000000..e562f9d4e3b159aa3dedc83e6305080ffb42805d
--- /dev/null
+++ b/reuters/training/2993
@@ -0,0 +1,19 @@
+ASIAN DOLLAR ASSETS EXCEED 200 BILLION DLRS
+  The Asian dollar market continued to
+  expand in December with total assets and liabilities rising to
+  200.60 billion U.S. Dlrs from 188.54 billion in November and
+  155.37 billion in December 1985, the Monetary Authority of
+  Singapore said.
+      It said the increase came mainly from interbank activity,
+  with interbank lending rising to 146.61 billion dlrs in
+  December from 134.76 billion in November and 104.93 billion in
+  December 1985.
+      Interbank deposits increased to 158.52 billion dlrs against
+  147.95 billion and 120.03 billion, respectively.
+      Loans to non-bank customers increased in December to 38.74
+  billion dlrs from 38.64 billion in November and 37.44 billion
+  in December 1985.
+      Deposits by non-bank customers rose to 33.81 billion dlrs
+  against 33.60 billion and 28.02 billion.
+  
+
diff --git a/reuters/training/2994 b/reuters/training/2994
new file mode 100644
index 0000000000000000000000000000000000000000..6b3e4cf5ec026f615286ce4e333246eb33767f47
--- /dev/null
+++ b/reuters/training/2994
@@ -0,0 +1,21 @@
+SINGAPORE M-1 MONEY SUPPLY UP 3.7 PCT IN DECEMBER
+  Singapore's M-1 money supply rose 3.7
+  pct during December to 9.82 billion dlrs, after a 2.0 pct
+  increase in November, the Monetary authority of Singapore (MAS)
+  said.
+      M-1 growth for calendar 1986 was 11.8 pct compared with 4.0
+  pct growth over the year ending in November.
+      MAS said in its latest monthly statistical bulletin the
+  December increase was largely due to seasonal year-end demand.
+      The demand deposit component of M-1 increased to 4.79
+  billion dlrs in December from 4.62 billion in November and 4.05
+  billion in December 1985.
+      Currency in active circulation rose to 5.03 billion dlrs in
+  December from 4.85 billion in November and 4.74 billion a year
+  earlier.
+      Broadly-based M-2 money supply rose 1.6 pct to 30.95
+  billion dlrs during December after a 1.7 pct rise in November,
+  bringing year-on-year growth to 10.0 pct for the year ending in
+  December against 10.2 pct for the year ending in November.
+  
+
diff --git a/reuters/training/2995 b/reuters/training/2995
new file mode 100644
index 0000000000000000000000000000000000000000..84036d6ca4f4e38dcd5695c569ccf66b9d1de71e
--- /dev/null
+++ b/reuters/training/2995
@@ -0,0 +1,21 @@
+CHINESE INDUSTRIAL GROWTH RATE UP AFTER WEAK 1986
+  The value of China's industrial output in
+  January and February this year was 14.1 pct higher than in the
+  same 1986 period, the New China News Agency said.
+      Output increased by 5.6 pct from January 1985 to January
+  1986 and 0.9 pct from February 1985 to 1986.
+      The agency said the most recent increase was largely due to
+  last year's poor performance. "No significant improvement was
+  made in economic results," it said, adding that some successes
+  were reported in readjusting the industrial product mix in the
+  last quarter of 1986.
+      The agency said the amount of tied up working capital rose
+  and sizeable funds were occupied by unsaleable goods in 1986.
+      It quoted unnamed economists as saying they expect 1987
+  industrial production to increase at a proper rate and with
+  better results, due to a cost-efficiency drive underway
+  throughout the country. It gave no more details.
+      The official industrial growth target this year is seven
+  pct, down from an actual 9.2 pct last year.
+  
+
diff --git a/reuters/training/2996 b/reuters/training/2996
new file mode 100644
index 0000000000000000000000000000000000000000..204adf0c89ebc0d891b158abc48f4660cfd02ab4
--- /dev/null
+++ b/reuters/training/2996
@@ -0,0 +1,11 @@
+NEW DUTCH ADVANCES TOTAL 6.5 BILLION GUILDERS
+  The Dutch central bank said it has
+  accepted bids totalling 6.5 billion guilders at tender for new
+  eleven-day special advances at 5.3 pct covering the period
+  March 9 to 20 aimed at relieving money market tightness.
+      Subscriptions to 500 mln guilders were met in full, amounts
+  above 500 mln at 35 pct.
+      The new facility replaces old seven-day advances worth 4.8
+  billion guilders at the same rate.
+  
+
diff --git a/reuters/training/2998 b/reuters/training/2998
new file mode 100644
index 0000000000000000000000000000000000000000..54a55edbd6b85d87533c01a92e1e0d2252c8f2e0
--- /dev/null
+++ b/reuters/training/2998
@@ -0,0 +1,37 @@
+IRAN SELLING DISCOUNTED CRUDE, JAPAN TRADERS SAY
+  Japanese customers have bought nearly six
+  mln barrels of crude oil from the National Iranian Oil Company
+  (NIOC) at a substantial discount to the official price, and
+  Western traders have received even larger discounts, Japanese
+  traders involved in the transactions told Reuters.
+      NIOC has sold its crude for March shipment to Japanese
+  customers with different formulas. One company has bought
+  800,000 barrels of Iranian Heavy at a straight discount of
+  30-35 cents below the official price, the sources said.
+      Other deals have been fixed with prices linked to Oman and
+  Dubai spot prices less a discount, they said.
+  
+      Iran's discounted sales have not, however, managed to
+  reverse the bullish tone in the crude oil and products spot
+  markets, oil traders said.
+      Market sentiment is being influenced more by the colder
+  weather in Europe, and reports that OPEC's February output was
+  below its self-imposed quota of 15.8 mln barrels per day.
+      Firmer gas oil on the London futures, and more bullish
+  sentiment on the New York Mercantile Exchange futures market
+  are supporting spot price levels, they said.
+  
+      Another Japanese trading house has paid the official price
+  but through a processing arrangement will effectively receive a
+  discount, the sources said. "It's just disguised cheating," one
+  Japanese trader said.
+      The sources said only one Japanese company had paid the
+  official price for Iranian oil. It has purchased 1.5 mln
+  barrels of Iranian Heavy for April shipment for refining in
+  Singapore. They said about nine VLCCs of Iranian crude have
+  been sold to Western traders with pricing based 60 pct on the
+  official price and 40 pct on spot prices, or with part of the
+  price related to processing arrangements.
+  
+  
+
diff --git a/reuters/training/2999 b/reuters/training/2999
new file mode 100644
index 0000000000000000000000000000000000000000..a02343f68d7ee888e11af33e2e8c7e434e402894
--- /dev/null
+++ b/reuters/training/2999
@@ -0,0 +1,9 @@
+ICI SELLS STAKE IN LISTER AND CO
+  Imperial Chemical Industries Plc <ICI.L>
+  said it had today placed its 19.4 pct stake in Lister and Co
+  Plc with L Messel and Co and that it had now been placed widely
+  among institutions.
+      Lister is a manufacturer, dyer and finisher of cotton, silk
+  wool and man-made fibres.
+  
+
diff --git a/reuters/training/30 b/reuters/training/30
new file mode 100644
index 0000000000000000000000000000000000000000..1e84040b3f49b8747100d70656a397685f1c8015
--- /dev/null
+++ b/reuters/training/30
@@ -0,0 +1,5 @@
+ASSETS OF MONEY MARKET MUTUAL FUNDS ROSE 720.4 MLN DLRS IN LATEST WEEK
+
+  ASSETS OF MONEY MARKET MUTUAL FUNDS ROSE 720.4 MLN DLRS IN LATEST WEEK
+  
+
diff --git a/reuters/training/3001 b/reuters/training/3001
new file mode 100644
index 0000000000000000000000000000000000000000..e76221de693fc434a03e7987d9f9561f9e6b089a
--- /dev/null
+++ b/reuters/training/3001
@@ -0,0 +1,12 @@
+U.K. MONEY MARKET SHORTAGE FORECAST AT 250 MLN STG
+  The Bank of England said it forecast a
+  shortage of around 250 mln stg in the money market today.
+      Among the factors affecting liquidity, it said bills
+  maturing in official hands and the treasury bill take-up would
+  drain around 1.02 billion stg while below target bankers'
+  balances would take out a further 140 mln.
+      Against this, a fall in the note circulation would add 345
+  mln stg and the net effect of exchequer transactions would be
+  an inflow of some 545 mln stg, the Bank added.
+  
+
diff --git a/reuters/training/3002 b/reuters/training/3002
new file mode 100644
index 0000000000000000000000000000000000000000..07052cfa68ff76ad9c8c97a20501237be555650c
--- /dev/null
+++ b/reuters/training/3002
@@ -0,0 +1,14 @@
+BANK OF FRANCE SETS MONEY MARKET TENDER
+  The Bank of France said it invited offers
+  of first category paper today for a money market intervention
+  tender.
+      Money market dealers said conditions seemed right for the
+  Bank to cut its intervention rate at the tender by a quarter
+  percentage point to 7-3/4 pct from eight, reflecting an easing
+  in call money rate last week, and the French franc's steadiness
+  on foreign exchange markets since the February 22 currency
+  stabilisation accord here by the Group of Five and Canada.
+      Intervention rate was last raised to eight pct from 7-1/4
+  on January 2. Call money today was quoted at 7-11/16 7-3/4 pct.
+  
+
diff --git a/reuters/training/3003 b/reuters/training/3003
new file mode 100644
index 0000000000000000000000000000000000000000..46cbdc5a0657bdd35baa3500e7135fa2666bb437
--- /dev/null
+++ b/reuters/training/3003
@@ -0,0 +1,11 @@
+AMOCO REPORTS SOUTH CHINA SEA OIL FIND
+  The U.S. <Amoco Petroleum Corp> has
+  reported an offshore oil find at its Pearl River basin
+  concession in the South China Sea, the New China News Agency
+  said.
+      It said the Liu Hua 11-1-1 A well produced at around 2,240
+  barrels per day at a depth of 305 metres.
+      The news agency said Amoco plans to drill a second well in
+  the area this year, but gave no further details.
+  
+
diff --git a/reuters/training/3006 b/reuters/training/3006
new file mode 100644
index 0000000000000000000000000000000000000000..e5f6dddb624f311c1d8e549cbc4164d3129a194d
--- /dev/null
+++ b/reuters/training/3006
@@ -0,0 +1,5 @@
+NATIONAL WESTMINSTER BANK SAYS IT CUTTING BASE LENDING RATE TO 10.5 PCT FROM 11 PCT.
+
+  NATIONAL WESTMINSTER BANK SAYS IT CUTTING BASE LENDING RATE TO 10.5 PCT FROM 11 PCT.
+  
+
diff --git a/reuters/training/3007 b/reuters/training/3007
new file mode 100644
index 0000000000000000000000000000000000000000..1b83b15e1651ffc0359a94aba19dc299f3698452
--- /dev/null
+++ b/reuters/training/3007
@@ -0,0 +1,14 @@
+NATIONAL WESTMINSTER BANK CUTS BASE RATE
+  National Westminster Bank Plc said it has
+  cut its base lending rate  0.5 percentage points to 10.5 pct
+  today.
+      National Westminster said that it was responding to general
+  easing in money market rates.
+      Its move followed a signal from the Bank of England earlier
+  this afternoon that it would endorse a half point cut in the
+  base rate, a surprise move following its strong signals last
+  week that such a move would be premature.
+      However, since then the pound has continued to gain
+  strongly.
+  
+
diff --git a/reuters/training/3008 b/reuters/training/3008
new file mode 100644
index 0000000000000000000000000000000000000000..178ff9bb0cac9ea60c72216f8d0a54b608a26cd8
--- /dev/null
+++ b/reuters/training/3008
@@ -0,0 +1,9 @@
+U.S. FACILITIES <USRE> SEMI-ANNUAL DIVIDEND
+  Semi-annual dividend 4 cts
+      Pay May 29
+      Record April 14
+  Note: full name is U.S. Facilities Corp. This is first dividend
+  declared since company completed its initial public offering on
+  November 7.
+  
+
diff --git a/reuters/training/3009 b/reuters/training/3009
new file mode 100644
index 0000000000000000000000000000000000000000..ee08fe99d77115673dd3be6c1150cae3278462ae
--- /dev/null
+++ b/reuters/training/3009
@@ -0,0 +1,17 @@
+STANDARD PACIFIC <SPF> ACQUIRES SOUTH BAY S/L
+  Standard Pacific LP said it
+  has acquired substantially all of the assets and liabilities of
+  South Bay Savings and Loan Association of Newport Beach.
+      The firm said over the weekend that it will conduct its
+  savings and loan activities through Standard Pacific Savings
+  FA, a Federal stock association.
+      On Friday, the Federal Home Loan Bank Board in Washington
+  said it approved the acquisition of South Bay S and L, a 62.5
+  mln dlr state-chartered stock association, by Standard Pacific,
+  which has 312.8 mln dlrs in assets.
+      The Bank Board said that the Federal Savings and Loan
+  Insurance Corp will make a cash contribution, provide capital
+  loss coverage and indemnify Standard Pacific against
+  undisclosed liabilities.
+  
+
diff --git a/reuters/training/3010 b/reuters/training/3010
new file mode 100644
index 0000000000000000000000000000000000000000..87d9b62b90632b906fb35e6e4f7905d2d25a774e
--- /dev/null
+++ b/reuters/training/3010
@@ -0,0 +1,17 @@
+U.S. TO ALLOW TEMPORARY IMPORTS OF S.A. URANIUM
+  The Treasury Department said it would
+  temporarily permit imports of South African uranium ore and
+  oxide pending clarification of anti-apartheid sanctions laws
+  passed by Congress last fall.
+      The decision was announced late Friday. It applies, until
+  July 1, to uranium ore and oxide imported into the U.S. for
+  processing and re-export to third countries.
+      The Treasury said it took the action because it felt that
+  when Congress passed the comprehensive South African sanctions
+  bill last fall over President Reagan's veto it had not intended
+  to hurt U.S. industry.
+      In addition, the Treasury said it would permit U.S.-made
+  goods to be imported temporarily from South African
+  state-controlled organizations for repair or servicing.
+  
+
diff --git a/reuters/training/3013 b/reuters/training/3013
new file mode 100644
index 0000000000000000000000000000000000000000..3af648c698bd4425895a99dd064cce59a51498a7
--- /dev/null
+++ b/reuters/training/3013
@@ -0,0 +1,44 @@
+PIEDMONT <PIE> AGREES TO USAIR <U> BUYOUT
+  USAir Group Inc said Piedmont Aviation
+  Inc has agreed to be acquired for 69 dlrs per share.
+      The company, in a newspaper advertisement, said it has
+  started a tender offer for all Piedmont shares at that price,
+  and the Piedmont board, with two directors absent, has
+  unanimously approved the bid.  The offer and withdrawal rights
+  are to expire April Three unless extended, and the bid is to be
+  followed by a merger at the same price.
+      USAir said Piedmont has granted it an irrevocable option to
+  buy up to 3,491,030 new shares under certain circumstances.
+  Piedmont now has about 18.6 mln shares outstanding.
+      USAir said the tender is conditioned on receipt of enough
+  shares to give USAir at least a 50.1 pct interest in Piedmont
+  on a fully diluted basis and approval by the U.S. Department of
+  Transportation of a voting trust agreement permitting USAir to
+  buy and hold shares pending review of its application to gain
+  control of Piedmont.
+      The company said its merger agreement with Piedmont
+  provides that the offer is not to be amended without Piedmont's
+  prior written consent in any way that would be adverse to
+  Piedmont shareholders, but it said it could cut the number of
+  shares to be bought without Piedmont's consent.
+      USAir said it could reduce the number of Piedmont shares to
+  be purchased in the offer to no less than the minimum number
+  needed to cause the voting trust condition of the bid to be
+  satisfied.
+      In that case, it said if more than that minimum number of
+  shares were tendered, it would buy shares on a pro rata basis.
+      In February USAir had offered to pay 71 dlrs per share in
+  cash for 50 pct of Piedmont's stock and 1.55 to 1.90 USAir
+  shares for each remaining Piedmont share.
+      Last week, Carl C. Icahn-controlled Trans World Airlines
+  Inc <TWA> made a conditional offer to acquire USAir for 52 dlrs
+  per share, a bid that was rejected by the USAir board.
+      The Transportation Department on Friday rejected TWA's
+  application to acquire USAir on the grounds that the
+  application failed to comply with department regulations by
+  omitting necessary information.  TWA said it would refile
+  today, providing the information needed.
+      On Friday TWA said it had already acquired four mln shares
+  or 15 pct of USAir.
+  
+
diff --git a/reuters/training/3015 b/reuters/training/3015
new file mode 100644
index 0000000000000000000000000000000000000000..a312c91f2a50c8a32b9bf9207deed681d98cc1a1
--- /dev/null
+++ b/reuters/training/3015
@@ -0,0 +1,11 @@
+API REPORTS SHARP FALL IN DRILLINGS
+  Estimated oil and gas drilling
+  completions in the United States dropped by almost 41 per cent
+  in 1986 from 1985, the American Petroleum Institute said.
+      API, an industry group, said that of the 42,387 wells
+  completed last year, a total of 19,741 were oil wells, 8,645
+  were natural gas wells and 14,001 were dry holes.
+      In 1985, a total of 71,539 wells were drilled - 36,834 oil
+  wells, 13,036 gas wells and 21,669 dry holes.
+  
+
diff --git a/reuters/training/3016 b/reuters/training/3016
new file mode 100644
index 0000000000000000000000000000000000000000..9efc86af0935ee93768ef121888f180cfcb558a4
--- /dev/null
+++ b/reuters/training/3016
@@ -0,0 +1,24 @@
+U.K. CREDIT BUSINESS FALLS IN JANUARY
+  New credit advanced by finance houses,
+  retailers, bank credit cards and other specialist providers of
+  credit slipped to 2.66 billion stg in January from 2.78 billion
+  in December - but remained close to the average level for
+  1986's fourth quarter, the Department of Trade and Industry
+  said.
+      Of the January total, 1.15 billion stg was advanced on bank
+  credit cards.
+      On a three-month basis, total advances in November to
+  January were 3.0 pct lower than in the previous three months.
+  Within this total, lending to consumers fell by 6.0 pct and
+  lending to businesses declined by 5.0 pct.
+      At end-January 1987, the total amount outstanding was 24.07
+  billion stg, up from December's 23.77 billion stg and 3.0 pct
+  above the total three months earlier, the department said.
+      January saw a rise of 300 mln stg in amounts outstanding to
+  finance houses, other specialist credit grantors and retailers.
+      The department said advances on credit cards rose by 1.0
+  pct between the latest two three-month periods. Retailers
+  advanced 3.0 pct less in the latest three months than in the
+  previous three months, it said.
+  
+
diff --git a/reuters/training/3017 b/reuters/training/3017
new file mode 100644
index 0000000000000000000000000000000000000000..9748dbb8f68a42bf7466038709484b0fa969cbc4
--- /dev/null
+++ b/reuters/training/3017
@@ -0,0 +1,15 @@
+BRAZILIAN SEAFARERS' STRIKE DAMAGES OIL EXPORTS
+  A strike by Brazil's 40,000 seafarers
+  who want pay rises of up to 180 pct may have cost the
+  state-owned oil company Petrobras 20 mln dlrs in lost export
+  orders, the company's commercial director Arthur de Carvalho
+  was quoted as saying in press reports.
+      More than 170 ships in Brazil, and about nine more in
+  foreign ports, have been halted by the strike, which began on
+  February 27.
+      Marines began blockading the ships on Friday after the
+  strike was ruled illegal, and some strikers are running short
+  of food, National Merchants Marine Union president Edson Areias
+  said.
+  
+
diff --git a/reuters/training/3019 b/reuters/training/3019
new file mode 100644
index 0000000000000000000000000000000000000000..d2c3a88a7c8fa1f4924ffcb9f7f491bee09c0a2a
--- /dev/null
+++ b/reuters/training/3019
@@ -0,0 +1,69 @@
+OECD TRADE, GROWTH SEEN SLOWING IN 1987
+  The 24 nations of the Organisation for
+  Economic Cooperation and Development (OECD), hampered by
+  sluggish industrial output and trade, face slower economic
+  growth, and their joint balance of payments will swing into
+  deficit in 1987, the Economist Intelligence Unit (EIU ) said.
+      The EIU said in its World Trade Forecast it revised OECD
+  economic growth downwards to 2.5 pct this year, compared with a
+  2.8 pct growth forecast in December.
+      It said the new areas of weakness are West Germany and the
+  smaller European countries it influences, and Japan, hardest
+  hit by currency appreciation this year.
+      The independent research organisation cut its 1987 growth
+  rate forecasts for West Germany to 2.2 pct from 3.2 pct in
+  December and to 2.3 pct from three pct for Japan.
+      It said it expected the OECD to post a current account
+  deficit of some 13 billion dlrs in both 1987 and 1988, due in
+  large part to a 1.50 dlrs a barrel rise in 1987 oil prices.
+      It said the U.S. Current account deficit looked likely to
+  fall even more slowly than forecast, to 125 billion dlrs in
+  1987 and 115 billion in 1988 from 130 billion in 1986.
+      It said it expected West Germany to post a 31 billion dlr
+  payments surplus and Japan a 76 billion dlr surplus this year.
+      The EIU said it saw oil prices dropping to around 16.50
+  dlrs a barrel by end-1987 and 15.50 dlrs in 1988 from about 18
+  dlrs last year, as adherence to OPEC output policy becomes
+  increasingly ragged.
+      It said the dollar is poised to resume its decline in
+  foreign exchange markets, and will lose a further 13 pct on its
+  trade-weighted index this year and five pct in 1988 after last
+  year's 18.4 pct drop. The average mark/dollar rate is put at
+  1.80 marks this year and 1.70 in 1988 while the yen/dollar rate
+  is expected to break through the 150 yen barrier with an
+  average value of 150 yen in 1987 and 146 yen in 1988, it said.
+      "This is not a crash scenario but the dollar's steeper
+  angle of descent increases the risk of ending with a fireball
+  rather than a three-point landing," the EIU said.
+      "Talking will not stop the dollar's slide for long and the
+  February meeting (of finance ministers of the Group of Five and
+  Canada) produced scant promise of either a decisive shift to
+  more expansive policies in West Germany and Japan, or a tighter
+  U.S. Fsical policy," it said.
+      It said the key to the dollar's fortunes was the
+  willingness of Japanese institutions to buy U.S. Government
+  assets despite prospects of sustaining a currency loss.
+      "Thus far they have been willing," the EIC said, adding
+  that if Japan was deterred from buying U.S. bonds the dollar
+  would collapse.
+      To contain such a currency crisis, dollar interest rates
+  would have to soar, bringing recession and a Third World debt
+  crisis, it said.
+      On trade, the EIU said prospects for 1987 look
+  "increasingly sick."
+      Import growth, forecast in December at 4.5 pct, is now seen
+  slowing down to around 3.8 pct in 1987 with a recovery only to
+  4.2 pct in 1988, it said.
+      The weakness of the West German economy is the biggest
+  single factor, with import growth there expected to feature a
+  sluggish 3.5 pct growth in 1987 against the 6.5 pct forecast in
+  December, the EIU said.
+      On the export side, it said it saw weak demand in West
+  Germany affecting export prospects elsewhere in Europe, while
+  Japan's exports in 1987 would remain flat and sales by U.S.
+  Exporters would respond only marginally to a lower, more
+  competitively-priced dollar.
+      It said in most of Europe and in Japan, raw materials and
+  oil will cost less in domestic currency in 1987 than in 1986.
+  
+
diff --git a/reuters/training/302 b/reuters/training/302
new file mode 100644
index 0000000000000000000000000000000000000000..e37ec1ab1c8b6f1f0cb4d346f2c5afc7a061c29a
--- /dev/null
+++ b/reuters/training/302
@@ -0,0 +1,46 @@
+WALLENBERGS FIGHT BID FOR SWEDISH MATCH STAKE
+  Sweden's Wallenberg group fought back
+  a bid by the London-based Swedish financier Erik Penser to
+  secure a large stake in Swedish Match <SMBS ST>, one of the
+  companies at the core of their business empire.
+      A statement issued by the Wallenberg holding companies AB
+  Investor and Forvaltnings AB Providentia said they had taken
+  over an option held by Nobel Industrier Sweden AB to acquire 33
+  pct of the voting rights in Swedish Match.
+      Thre Wallenbergs paid Nobel Industrier <NOBL ST>, in which
+  Penser group has a 72 pct stake, about 20 pct over the market
+  price for the Swedish Match option, the statement said.
+      Swedish Match's B shares open to foreign buyers closed at
+  424 crowns on Friday. The A shares -- with increased voting
+  rights -- closed at 450 crowns for the restricted and 455 for
+  the free shares.
+      The statement said the deal increased Investor's stake to
+  49.4 pct of the voting rights and 14.8 pct of the share capital
+  while Providentia is left holding 34.1 pct of the voting rights
+  and 14.5 pct of the share capital in Swedish Match.
+      The Wallenbergs' stake in Swedish Match had previously
+  amounted to 52 pct of the voting rights in the company.
+      The Swedish Match deal will cost the Wallenbergs about 400
+  mln crowns, share analysts said, making it one of the most
+  expensise moves the group has undertaken in the last four years
+  to defend its far-flung interests from outside predators.
+      The Wallenbergs originally sold Nobel Industrier, an arms
+  and chemicals group, to Penser in 1984 to pay for buying Volvo
+  <VOLV ST> out of two other key group companies, Atlas Copco
+  <ASTS ST> and Stora Koppabergs <SKPS ST>.
+      Since then, the Wallenbergs were ousted as the largest
+  shareholders in SKF (SKFR ST> by Skanska AB <SKBS ST> and
+  Frederik Lundberg wrested control of Incentive AB from them.
+      Lundberg, a Zurich-based Swedish property tycoon, also
+  managed to acquire a 25 pct stake in another Wallenberg
+  company, the diary equipment firm Alfa -Laval AB <ALFS ST>.
+      During 1986, the Wallenbergs have been concentrating on
+  building up their stake in Investor and Providentia to prevent
+  any raid on the heart of their business empire.
+      But analysts say the Wallenbergs' position in the
+  electrical engineering firm ASEA AB <ASEA ST> is also too small
+  at 12.6 pct of the voting rights and there has been growing
+  speculation that the group will be forced to sell off fringe
+  interests to protect its core activities.
+  
+
diff --git a/reuters/training/3020 b/reuters/training/3020
new file mode 100644
index 0000000000000000000000000000000000000000..115e9401cfbca42f2381c0660eb8e6150b6928f6
--- /dev/null
+++ b/reuters/training/3020
@@ -0,0 +1,68 @@
+POEHL SAYS FURTHER RATE CUT POSSIBLE - SOURCES
+  Bundesbank president Karl Otto Poehl
+  told a closed investment symposium that West Germany could cut
+  leading interest rates again if the United States makes a
+  similar move, banking sources said.
+      The sources were reporting Poehl's remarks at a symposium
+  in Duesseldorf last week organised by Deutsche Bank Ag. Press
+  representatives were not invited.
+      The sources, speaking separately, said Poehl told about 200
+  bankers in reply to questions that a cut in U.S. Interest rates
+  would give room for a matching measure in Germany.
+      "It was a definite hint at lower German interest rates," said
+  one banker who attended the symposium.
+      A Bundesbank spokesman said the central bank would have no
+  comment on the reported remarks, made at the private meeting.
+      But, according to a second source, who also declined to be
+  identified, Poehl's comments were seen by bankers present as a
+  direct pointer to further moves by the central bank to defend
+  German industry from an additional revaluation of the mark.
+      "He said if the Americans drop their interest rates then the
+  Bundesbank would also drop them. He said that quite clearly,"
+  the second source said.
+      In reply to questions, Poehl also said the half-point cut
+  in the discount and Lombard rates on January 22 came after the
+  U.S. Had signalled it would be prepared to attend a meeting to
+  discuss the level of the dollar on condition Germany made such
+  a move in advance, the sources said.
+      Asked if American authorities could have been persuaded, by
+  cuts in German rates, to come to the bargaining table as early
+  as last September, one of the sources quoted Poehl as saying,
+  "No, they wouldn't have been. We checked that."
+      The Paris meeting of the Group of Six industrial nations
+  took place exactly one month after the German cut in rates.
+      Poehl emphasised in his comments the very close talks
+  between central banks before and after the G-6 meeting, saying
+  that financial markets had not fully realised the significance
+  of the Paris session and the U.S. Agreement to stem further
+  falls in the value of the dollar, the sources said.
+      For the first time all participants at the summit agreed
+  that a further fall in the dollar would be harmful for all
+  world economies, including the U.S., Poehl had said.
+      The sources said the tone of Poehl's comments boosted
+  growing sentiment that the dollar would be stabilised around
+  current levels by international central bank cooperation.
+      One source said Poehl's remarks also underlined the fact
+  that the Bundesbank was now more prepared to be accommodative
+  in monetary policy in order to prevent a further slowdown in
+  West Germany's economic growth.
+      Poehl and other Bundesbank officials have in the past
+  stressed that the German central bank had no direct
+  responsibility for growth and was solely concerned with
+  combatting inflation.
+      This led, for instance, to the introduction of a tighter
+  monetary stance from the beginning of December until the
+  half-point cut in rates in late January.
+      The sources quoted Poehl as saying that the current
+  overshooting of the German monetary target would not directly
+  respark inflation. The Bundesbank was not obliged to react
+  immediately whenever such overshooting occurs.
+      Latest data for central bank money stock, the Bundesbank's
+  main measure of money supply, showed the measure was growing at
+  7-1/2 pct in January, outside its three to six pct 1987 target.
+      Share prices rose in very active trading today, with
+  dealers reporting that Poehl's remarks, coupled with a bullish
+  outlook on stock prices from Deutsche at the same symposium,
+  brought in strong bargain hunting at current low levels.
+  
+
diff --git a/reuters/training/3023 b/reuters/training/3023
new file mode 100644
index 0000000000000000000000000000000000000000..fb7d322adba41e02cadf8335231d065158d4186d
--- /dev/null
+++ b/reuters/training/3023
@@ -0,0 +1,63 @@
+SOSNOFF STARTS BID FOR CAESARS WORLD <CAW>
+  <MTS Acquisition Corp>, a company
+  formed by Martin T. Sosnoff, said it has started a tender offer
+  for all shares of Caesars World Inc at 28 dlrs each.
+      In a newspaper advertisement, MTS said the offer and
+  withdrawal rights expire April Three unless extended.
+      Sosnoff, a New York investor, already owns about four mln
+  of Caesars' 30.3 mln shares outstanding, or about 13.3 pct, and
+  is Caesars' largest shareholder.  Caesars owns casino hotels in
+  Nevada and honeymoon resorts in Pennsylvania's Pocono
+  Mountains.  It also controls Caesars New Jersey Inc <CJN>,
+  which owns an Atlantic City, N.J., casino hotel.
+      For the second quarter ended January 31, Caesars World
+  earned 12.6 mln dlrs on revenues of 190.4 mln dlrs, up from
+  earnings of 7,500,000 dlrs and revenues of 163.8 mln dlrs a
+  year before.  For all of fiscal 1986, the company earned 41.0
+  mln dlrs on revenues of 694.4 mln dlrs.
+      MTS said the offer is conditioned on receipt of at least
+  enough shares to give Sosnoff a majority interest on a fully
+  diluted basis, the arrangement of sufficient financing to buy
+  all Caesars shares not already owned and pay related costs and
+  approval by the New Jersey Casino control Commission and the
+  NEvada Gaming Commission and State Gaming Control Board.
+      MTS said Marine Midland Banks Inc <MM> has committed to
+  lend it 100 mln dlrs for the acquisition and use its best
+  efforts to syndicate another 400 mln dlrs in senior financing
+  for the transaction.
+      It said its financial adviser, PaineWebber Group Inc <PWJ>,
+  has stated in writing that subject to market conditions, it is
+  highly confident that it can arrange commitments for up to 475
+  mln dlrs in "mezzanine" financing.
+      MTS said it does not expect problems in obtaining New
+  Jersey and Nevada regulatory approval for the acquisition,
+  since ownership in a Caesars stake has already been cleared.
+      In June 1986, Sosnoff requested a seat on the Caesars World
+  board, a request that has not yet been granted.  In September
+  1986, Sosnoff, who is chairman of <Atalanta/Sosnoff Capital
+  Corp>, filed for clearance under U.S. antitrust laws to raise
+  his interest in Caesars World to 25 pct.
+      Sosnoff said, in a letter to Caesars World chairman and
+  chief executive officer Henry Gluck, that "The decision to go
+  directly to the shareholders was made at the urging of may
+  financial and legal advisors, who repeatedly stressed to me the
+  lack of responsiveness of the management in the past."
+      Sosnoff, who said he has made numerous efforts to express
+  his views to management on ways of maximizing shareholder
+  values, said Caesars twicce refused his request for a board
+  seat.  "My advisers felt that, had I given you advance notice,
+  you would have used the time to throw up obstacles to my offer
+  rather than giving it serious consideration," he said.
+      Sosnoff said he hopes that Caesars World management will be
+  willing to negotiate an acquisition agreement with him.
+      "As I have indicated publicly in the past, I believe
+  operating management of the company has performed well and that
+  appropriate consideration should be given to a significant
+  equity interest for them in the company following the
+  acquisition," Sosnoff said in the letter to Gluck.
+      MTS said Sosnoff has asked the company to fix March 27 as
+  the record date for the determination of shareholders entitled
+  to authorize action without a meeting -- including the election
+  or removal of directors.
+  
+
diff --git a/reuters/training/3024 b/reuters/training/3024
new file mode 100644
index 0000000000000000000000000000000000000000..533d597d4b5aca93d1b20ea92e20f68468a033d4
--- /dev/null
+++ b/reuters/training/3024
@@ -0,0 +1,64 @@
+DUTCH PLANNING AGENCY FORECASTS LOWER GROWTH
+  Dutch economic growth is slowing as a
+  firming guilder cuts competitiveness abroad and industries
+  reduce the pace of investment, the Dutch official planning
+  agency CPB said.
+      The Centraal Planbureau, publishing its 1987 economic
+  outlook, said Dutch Net National Income (NNI) was expected to
+  grow by one pct this year, down from two pct growth recorded in
+  1986 and 2.5 pct in 1985 and 1984.
+      Dutch Gross National Product is expected to rise to 432.20
+  billion guilders in 1987 in constant prices, a two pct increase
+  from last year's 423.95 billion.
+      The CPB, forecasting an 8.5 pct increase in the value of
+  the guilder on a trade-weighted basis compared with 10.0 pct
+  last year, said the dollar was expected to trade at an average
+  of 2.0 guilders in 1987 compared with 2.45 guilders in 1986.
+      "The higher guilder is causing a substantial fall in unit
+  labour costs abroad, when measured in guilder terms, while
+  these are rising slightly in the Netherlands," the CPB said.
+      More of economic growth now depended on domestic
+  consumption, the CPB said, but noting that higher margins set
+  by domestic producers and importers mitigated the effect on
+  purchasing power of lower import costs and deflation.
+      Consumer prices were set to fall by 1.5 pct this year, the
+  CPB said. Inflation was zero last year.
+      Gross investment in industry was expected to grow by five
+  pct this year, a slowdown compared with 11.5 pct growth last
+  year, the CPB said.
+      Exchange rate and oil price fluctuations will continue to
+  condition the Dutch economy in the future as it has in recent
+  years, the CPB said, noting a continued depressing impact of
+  these factors on Dutch competitiveness.
+      In addition, it noted a slight rise in taxation and social
+  security costs to employers.
+      The CPB, forecasting a rise in the budget deficit to 7.2
+  pct of Net National Income in 1987 from 6.3 pct last year,
+  urged the government to cut expenditure further to bring down
+  the deficit and reduce tax and social security payments in
+  future.
+      Dutch government revenue is being depressed further by
+  falling income from natural gas sales in 1987, the CPB said.
+      It said unemployment was expected to fall to 675,000 this
+  year from 710,000 last year.
+      While the two pct GDP growth forecast set by the CPB is
+  within its latest forecast, issued last month, of 1.5 to two
+  pct growth, the figure is well above recent market estimates.
+      Dutch merchant bank Pierson, Heldring en Pierson said in
+  its February economic outlook that GDP growth at constant
+  prices was expected to be 1.1 pct this year and market analysts
+  had expected the CPB's final forecast to be below its own
+  latest estimate.
+      "It is too early to comment because I haven't seen the whole
+  document yet, but it would seem we are more pessimistic in some
+  of our estimates," a Pierson economist said.
+      The CPB forecast 2.5 pct export growth in volume terms in
+  1987, after four pct growth last year. Excluding energy
+  exports, the 1987 figure would be two pct, it said.
+      Imports were set to rise by 4.5 pct this year compared with
+  four pct in 1986 in volume terms, the CPB said.
+      The balance of payments would see a sharp decline in the
+  surplus, to six billion guilders in 1987 compared with 12.1
+  billion last year, the CPB forecast.
+  
+
diff --git a/reuters/training/3025 b/reuters/training/3025
new file mode 100644
index 0000000000000000000000000000000000000000..01beb18fa88f18738034b14249368c1658d244e3
--- /dev/null
+++ b/reuters/training/3025
@@ -0,0 +1,13 @@
+TRUMP MAKES BID FOR CONTROL OF RESORTS <RTB>
+  Casino owner and real estate developer
+  Donald Trump has offered to acquire all Class B common shares
+  of Resorts International Inc, a spokesman for Trump said.
+      The estate of late Resorts chairman James M. Crosby owns
+  340,783 of the 752,297 Class B shares.
+      Resorts also has about 6,432,000 Class A common shares
+  outstanding. Each Class B share has 100 times the voting power
+  of a Class A share, giving the Class B stock about 93 pct of
+  Resorts' voting power.
+   More
+  
+
diff --git a/reuters/training/3026 b/reuters/training/3026
new file mode 100644
index 0000000000000000000000000000000000000000..43758b2059ddd71c182cc88f28bea0873387e582
--- /dev/null
+++ b/reuters/training/3026
@@ -0,0 +1,33 @@
+IOMEGA <IOMG> SETS MANAGEMENT, LABOR LAYOFFS
+  Iomega Corp said it has laid off over
+  a quarter of its professional and management staff and nearly
+  half of its direct labor force as part of a restructuring and
+  downsizing of its business.
+      The company also said it will receive a qualified opinion
+  from the auditors of it 1986 financial statement subject to the
+  outcome of two suits. The company is a defendant in a
+  consolidated class action law suit which seeks damages in an
+  unspecified amount and is also a defendant in a related
+  shareholder action.
+      Iomega said the auditors state in their opinion letter that
+  both actions are in the early stages of discovery and the
+  likely outcome can not be determined at this time.
+      The company said a corporate wide reduction of its
+  professional, management and indirect labor will result in the
+  permanent elimination of 183 positions in all functional areas
+  of the company's business. This represents over 25 pct of
+  professional, management and indirect employees, it added.
+      In addition, Iomega announced layoff of about 182
+  employees, principally from its manufacturing direct labor
+  force. Those affected represent about 46 pct of direct labor.
+      Commenting on the layoffs, Iomega said those from among the
+  direct labor force affects personnel building the Alpha Eight
+  Inch Disk Drive and Bernoulli Boxes.
+      "This action is required as we bring our finished goods
+  inventory and inventory in our distribution channels down to
+  acceptable levels," it explained.
+      The company stated this layoff does not affect the
+  production of its new 5-1/4 inch Beta 20 product which is
+  currently being built to a backlog of orders.
+  
+
diff --git a/reuters/training/3028 b/reuters/training/3028
new file mode 100644
index 0000000000000000000000000000000000000000..be1b769bc4aab6b687c3c3cc092d8f11470d5d26
--- /dev/null
+++ b/reuters/training/3028
@@ -0,0 +1,26 @@
+BRAZIL SEAMEN CONTINUE STRIKE DESPITE COURT
+  Hundreds of marines were on alert
+  at 11 key Brazilian ports after 40,000 seamen decided to remain
+  on indefinite strike, even after the Higher Labour Court
+  Saturday ruled it illegal, union leaders said.
+      The halt, the first national strike by seamen in 25 years,
+  started on February 27, and union leaders said they would not
+  return to work unless they got a 275 pct pay rise. Shipowners
+  have offered a 100 per cent raise, which the seamen rejected.
+      "We have nothing to lose. If they want to lay off the
+  workers, fine, but we are determined to carry on with our
+  protest until the end," a union leader said.
+   more
+      He said they had decided in a meeting that if the marines
+  take over the ships, the seamen would abandon the vessels and
+  let the marines handle the situation by themselves.
+      A spokesman for the Rio de Janeiro Port said the order to
+  send marines to take over the ports was given by Navy Minister
+  Henrique Saboya on grounds that ports are areas of national
+  security. But he said there were no incidents. The strike has
+  cut exports and imports and made an estimated 160 ships idle.
+      Petrol station owners in four states also continued their
+  shutdown and there were fears that the combination of the two
+  stoppages could lead to a serious fuel shortage.
+  
+
diff --git a/reuters/training/303 b/reuters/training/303
new file mode 100644
index 0000000000000000000000000000000000000000..29a8c34bb9d74ee415eb8a9841fcbf512d063ca5
--- /dev/null
+++ b/reuters/training/303
@@ -0,0 +1,30 @@
+INDONESIAN SOYBEAN IMPORTS FORECAST TO RISE
+  Soybean imports are forecast to rise to
+  425,000 tonnes in 1987/88 (October/September) from an estimated
+  300,000 in 1986/87 and 375,000 in 1985/86, the U.S. Embassy
+  said in its annual report on Indonesia's agriculture.
+      It said Indonesia did not achieve its goal of
+  self-sufficiency in soybean output in calendar 1986 because it
+  did not meet a planned increase in area planted and because
+  yields have remained below target.
+      Soybean meal imports are forecast to fall to around 190,000
+  tonnes in 1987/88 from 270,000 tonnes in 1986/87 and 295,000
+  tonnes in 1985/86.
+      Domestic soybean production is forecast to rise steadily to
+  1.08 mln tonnes in 1987/88 from 980,000 in the current year and
+  890,000 in 1985/86, the report said.
+      Imports are forecast to fall in the current year but to
+  rise in 1987/88 because of a new soybean crushing plant due to
+  come on stream in early 1988.
+      China is the main supplier with a 79 pct share, while the
+  U.S. Provides the rest, it said.
+      "This pattern will likely continue during 1986/87 since
+  domestic soyfood processors prefer Chinese beans and are
+  willing to pay a premium for them," it said.
+      Area planted is expected to increase by 10 pct in both
+  1986/87 and 1987/88.
+      "Yield increases continue to be hampered by an insufficient
+  supply of quality seeds, along with pest and disease problems,"
+  the report said.
+  
+
diff --git a/reuters/training/3031 b/reuters/training/3031
new file mode 100644
index 0000000000000000000000000000000000000000..601be3f16aa0bbca3db3598d16311dd7b74279a3
--- /dev/null
+++ b/reuters/training/3031
@@ -0,0 +1,40 @@
+BONN SERIOUS ABOUT CURRENCY PACT, SAYS TIETMEYER
+  West Germany takes "very seriously" the
+  recent undertaking by major industrial countries to promote
+  exchange rate stability around current levels, Finance Ministry
+  State Secretary Hans Tietmeyer said.
+      Talking to journalists before a meeting of European
+  Community Economy and Finance Ministers here, Tietmeyer
+  declined to say whether the February 22 Paris accord by the
+  Group of Five countries plus Canada included secret agreements
+  for stabilising currencies.
+      But he noted the official communique said the participants
+  agreed to cooperate closely to foster stability of exchange
+  rates around current levels. "We're taking this sentence very
+  seriously," he said.
+      Tietmeyer remarked that the dollar had hardly moved against
+  the mark since the meeting.
+      He said a slowdown in West German economic growth had been
+  caused by sharp exchange rate swings and that the Paris
+  agreement should help in this respect.
+      Economics Ministry State Secretary Otto Schlecht said the
+  Bonn government saw no current need for measures to bolster the
+  economy but was paying close attention to the slower growth and
+  had not ruled out "appropriate and timely" action if necessary.
+      Schlecht and Tietmeyer were speaking ahead of a discussion
+  by the EC ministers of the latest EC Commission report on the
+  economic situation in the 12-nation bloc.
+      The Commission has sharply revised down expected German
+  gross national product growth this year to two pct from 3.2 pct
+  predicted last autumn and says Bonn has the most room of any EC
+  country to stimulate economic activity.
+      Schlecht said the upturn in West Germany's economy slowed
+  in the fourth quarter of last year and the first quarter of
+  1987. But he said there was no cumulative downwards trend in
+  view that would make quick remedial action necessary.
+      He said a number of favourable indicators such as high
+  level of investment and a good climate for consumption meant a
+  recovery could be expected, while exports would pick up
+  slightly during the course of the year.
+  
+
diff --git a/reuters/training/3034 b/reuters/training/3034
new file mode 100644
index 0000000000000000000000000000000000000000..d5f7e4d34dc500cd49e96187146639a3fd9e7673
--- /dev/null
+++ b/reuters/training/3034
@@ -0,0 +1,38 @@
+UGANDA DISAPPOINTED BY COFFEE TALKS FAILURE
+  Uganda, Africa's second largest coffee
+  producer, was disappointed by the stalemate in recent coffee
+  talks in London, the chairman of the state-run Coffee Marketing
+  Board, CMB, said.
+      "This has not been good for coffee producers, more so in a
+  situation where the prices dropped by 200 pounds per tonne of
+  robusta coffee," J. Makumbi said when he returned from London on
+  Friday.
+      Producers and consumers failed to agree on a quota formula
+  to share the world's coffee production during International
+  Coffee Organisation, ICO, talks that ended last week.
+      Makumbi blamed the failure to set quotas, which were
+  suspended in Feburary last year, on Indonesian demands that its
+  quota be increased dramatically.
+      Uganda -- which earns about 400 mln dlrs annually from
+  coffee exports, over 95 pct of its foreign exchange earnings --
+  had sought to raise its ICO quota to 3.0 mln from 2.45 mln
+  60-kilo bags, according to sources close to the CMB.
+      The CMB has estimated that production will rise 20 to 25
+  pct in the current 1986/87 October-September season to over
+  three mln bags.
+      For several years Uganda had been unable to meet its ICO
+  export quota as rebel activity disrupted the coffee industry.
+      The Ugandan government depends on coffee export duties for
+  about 60 pct of its sales tax revenue and the industry employs
+  over half of salaried manpower.
+      In Dar es Salaam, Tanzania's Agriculture and Livestock
+  Development Minister Paul Bomani said today Third World
+  countries would suffer from the failure of the London coffee
+  talks.
+      "It is only the middlemen who will benefit, he said.
+      Bomani called on the ICO to convene another meeting within
+  two months, saying, "Once tempers have cooled and delegations
+  have had time to report back to their headquarters, common
+  sense will prevail."
+  
+
diff --git a/reuters/training/3035 b/reuters/training/3035
new file mode 100644
index 0000000000000000000000000000000000000000..2ef00d3a890b0c3306b03bcd6c60d69c3a54551a
--- /dev/null
+++ b/reuters/training/3035
@@ -0,0 +1,5 @@
+ Chrysler to take over Renault stake in American Motors, says Renault
+
+   Chrysler to take over Renault stake in American Motors, says Renault
+  
+
diff --git a/reuters/training/3036 b/reuters/training/3036
new file mode 100644
index 0000000000000000000000000000000000000000..7f4b9616787458cae571c42f692c7453902adb02
--- /dev/null
+++ b/reuters/training/3036
@@ -0,0 +1,16 @@
+ADDITIONAL CCC CREDIT GUARANTEES FOR HUNGARY
+  The Commodity Credit Corporation,
+  CCC, has authorized an additional 8.0 mln dlrs in credit
+  guarantees for sales of vegetable protein meals to Hungary for
+  fiscal year 1987, the U.S. Agriculture Department said.
+      The additional guarantees increase the vegetable protein
+  meal credit line to 16.0 mln dlrs and increases the cumulative
+  fiscal year 1987 program for agricultural products to 23.0 mln
+  dlrs from 15.0 mln, it said.
+      The department also announced an extension of the export
+  period from September 30, 1987, to December 31 for sales of
+  vegetable protein meals.
+      To be eligible for the credit guarantees all sales must be
+  registered before export but not later than September 30.
+  
+
diff --git a/reuters/training/3037 b/reuters/training/3037
new file mode 100644
index 0000000000000000000000000000000000000000..3dc8aade6dd952583ef9f95b0fbbdcf6341ae821
--- /dev/null
+++ b/reuters/training/3037
@@ -0,0 +1,5 @@
+SOUTHERN CO TO TAKE 226 MLN DLR CHARGE ON PROJECTED VOGTLE COST RISE
+
+  SOUTHERN CO TO TAKE 226 MLN DLR CHARGE ON PROJECTED VOGTLE COST RISE
+  
+
diff --git a/reuters/training/3038 b/reuters/training/3038
new file mode 100644
index 0000000000000000000000000000000000000000..49d99321591e5aa03ef52eb009ca54ab004e4770
--- /dev/null
+++ b/reuters/training/3038
@@ -0,0 +1,13 @@
+APPLIED CIRCUIT<ACRT> SELLS ELECTRONICS BUSINESS
+  Applied Circuit Technology Inc
+  (ACT) said it has agreed in principal to sell its primary
+  computer electronics business to the <Sanpao Group> of San
+  Francisco.
+      ACT said it has not disclosed the deal's terms, but added
+  that 50 pct of the sale price is in cash, with the remainder to
+  be paid over a two year period.
+      The deal is expected to close on March 31, ACT said.
+      ACT said it made the move to concentrate resources on its
+  pharmaceuticals subsidiaries.
+  
+
diff --git a/reuters/training/3039 b/reuters/training/3039
new file mode 100644
index 0000000000000000000000000000000000000000..7f779fdb693d2956d12e14195bcfd454230aa703
--- /dev/null
+++ b/reuters/training/3039
@@ -0,0 +1,20 @@
+USAIR <U> ACQUIRES 9.9 PCT OF PIEDMONT <PIE>
+  USAir Group Inc said it has
+  acquired 2,292,599 Piedmont Aviation Inc shares, about 9.9 pct
+  on a fully diluted basis, from Norfolk Southern Corp <NSC>.
+      The acquisition of Piedmont by USAir has been approved by
+  the directors of both companies.
+      USAir said it has been advised by Norfolk Southern that the
+  company supports the proposed merger and intends to tender all
+  of its remaining 1,477,829 Piedmont common shares in response
+  to USAir's tender offer which began today. This total includes
+  shares issuable upon conversion of Piedmont preferred, USAir
+  noted.
+      USAir said Piedmont has about 23.1 mln common shares on a
+  fully diluted basis, adding its offer is conditioned on the
+  tender of at least 9,309,394 shares, representing 40.2 pct of
+  the oustanding shares on a diluted basis.
+      USAir said the 3,491,030 new shares it has an option to buy
+  represent 18.5 pct of Piedmont's currently outstanding shares.
+  
+
diff --git a/reuters/training/304 b/reuters/training/304
new file mode 100644
index 0000000000000000000000000000000000000000..129e336e848b61b1459c128297c28b059130447e
--- /dev/null
+++ b/reuters/training/304
@@ -0,0 +1,25 @@
+SHV SAYS IT MAKING TENDER OFFER FOR IC GAS
+  <SHV (United Kingdom) Holding Co Ltd>
+  said it was making a tender offer for up to 33 mln ordinary
+  shares in Imperial Continental Gas Association.<ICGS.L>.
+      It said in a statement the offer was on the basis of 700p
+  for each IC Gas ordinary and 252p for every one stg nominal of
+  IC Gas loan stock.
+      SHV already holds 6.8 mln IC Gas ordinary stock units
+  representing around 4.9 pct of the current issued share
+  capital.
+      Successful completion of the offer would increase SHV's
+  stake in IC Gas to 39.8 mln shares, representing around 27.9
+  pct of issued share capital, it said.
+      The offer capitalises IC Gas at around one billion stg.
+      It said it was tendering for both ordinary stock and loan
+  stock, which when fully converted, gave a total of 33 mln IC
+  Gas ordinary. It is making the tender offer through N.M.
+  Rothschilds.
+      IC Gas said in a statement it noted the SHV tender offer
+  and the terms were being considered.
+      It said a further statement would be made as soon as
+  possible.
+   REUTER...
+  
+
diff --git a/reuters/training/3040 b/reuters/training/3040
new file mode 100644
index 0000000000000000000000000000000000000000..f3a227bbbf5fecbcb0620f3793662df00cbcddbe
--- /dev/null
+++ b/reuters/training/3040
@@ -0,0 +1,10 @@
+BRAZILIAN COFFEE RAINFALL
+  THE FOLLOWING RAINFALL WAS RECORDED IN
+  THE AREAS OVER PAST 72 HOURS
+      PARANA STATE: UMUARAMA NIL, PARANAVAI 1.5 MILLIMETRES,
+  LONDRINA NIL, MARINGA NIL.
+      SAO PAULO STATE: PRESIDENTE PRUDENTE O.6 MM, VOTUPORANGA
+  12.0 MM, FRANCA 28.0 MM, CATANDUVA 10.0 MM, SAO CARLOS NIL, SAO
+  SIMAO NIL. REUTER11:43/VB
+  
+
diff --git a/reuters/training/3041 b/reuters/training/3041
new file mode 100644
index 0000000000000000000000000000000000000000..60cdf64831bd06056fda7953645df42ff85b10e7
--- /dev/null
+++ b/reuters/training/3041
@@ -0,0 +1,5 @@
+GENCORP TO SELL LOS ANGELES TELEVISION STATION TO WALT DISNEY CO
+
+  GENCORP TO SELL LOS ANGELES TELEVISION STATION TO WALT DISNEY CO
+  
+
diff --git a/reuters/training/3042 b/reuters/training/3042
new file mode 100644
index 0000000000000000000000000000000000000000..fa283e007742c261e24bbf2235faf4f3ff069f1a
--- /dev/null
+++ b/reuters/training/3042
@@ -0,0 +1,11 @@
+NATIONWIDE CELLULAR <NCEL> COMPLETES PURCHASE
+  Nationwide Cellular Service
+  Inc said it has completed the previously-announced acquisition
+  of privately-held Nova Cellular Co, a Chicago reseller of
+  mobile telephone service with 1,800 subscribers, for about
+  65,000 common shares.
+      Nova Cellular has an accumulated deficit of about 650,000
+  dlrs and had revenues of about 2,600,000 dlrs for 1986, it
+  said.
+  
+
diff --git a/reuters/training/3043 b/reuters/training/3043
new file mode 100644
index 0000000000000000000000000000000000000000..5361efbb09d0052516bf49def417b61d2c93ffb4
--- /dev/null
+++ b/reuters/training/3043
@@ -0,0 +1,14 @@
+NATIONAL WESTMINSTER BANK CUTS BASE RATE
+  National Westminster Bank Plc said it has
+  cut its base lending rate  0.5 percentage points to 10.5 pct
+  today.
+      National Westminster said it was responding to general
+  easing in money market rates.
+      Its move followed a signal from the Bank of England earlier
+  this afternoon that it would endorse a half point cut in the
+  base rate, a surprise move following its strong signals last
+  week that such a move would be premature.
+      However, since then the pound has continued to gain
+  strongly.
+  
+
diff --git a/reuters/training/3044 b/reuters/training/3044
new file mode 100644
index 0000000000000000000000000000000000000000..90e3e19db69551607bebc3c95feef44bbcbd1e7b
--- /dev/null
+++ b/reuters/training/3044
@@ -0,0 +1,13 @@
+U.K. MONEY MARKET GIVEN FURTHER HELP AT NEW RATES
+  The Bank of England said it provided the
+  market with further assistance during the afternoon, buying
+  bills worth 166 mln stg at the lower rates introduced this
+  morning.
+      It bought 45 mln stg of local authority bills plus 27 mln
+  stg of bank bills in band one at 10-3/8 pct together with 94
+  mln stg of band two bank bills at 10-5/16 pct.
+      The bank also revised its estimate of the market shortage
+  up to 300 mln stg from 250 mln this morning. It has given total
+  assistance of 213 mln stg today.
+  
+
diff --git a/reuters/training/3046 b/reuters/training/3046
new file mode 100644
index 0000000000000000000000000000000000000000..2a3f6ead55dde85922268e84f3f7fc6ba71561af
--- /dev/null
+++ b/reuters/training/3046
@@ -0,0 +1,10 @@
+HUTCHISON UNIT BUYS CONTAINER CRANES FROM JAPAN
+  Container port operator, <Hong Kong
+  International Terminals Ltd>, a 89 pct held unit of Hutchison
+  Whampoa Ltd <HWHH.HK>, said it has placed a 164 mln H.K. Dlr
+  order for seven quayside container cranes of 800 tons each with
+  Japan's Mitsui Engineering and Shipbuilding Co Ltd <MSET.T> for
+  May 1988 to August 1989 delivery.
+      Hong Kong International Terminals operates 32 cranes.
+  
+
diff --git a/reuters/training/3047 b/reuters/training/3047
new file mode 100644
index 0000000000000000000000000000000000000000..69515a08b1acc41e9ccfcc9824d41a5441618cc2
--- /dev/null
+++ b/reuters/training/3047
@@ -0,0 +1,15 @@
+BOSPHORUS SHIPPING MOVES, ISTANBUL OFFICES CLOSE
+  Istanbul remained at a virtual
+  standstill today under snow up to a meter deep but shipping was
+  moving through the narrow Bosphorus waterway linking the Sea of
+  Marmara and the Black Sea, officials said.
+      The authorities ordered government offices closed until
+  Wednesday. Many banks, businesses and schools stayed shut as
+  workers struggled to keep main roads and supply lines open in
+  this city of 6.5 mln people.
+      The second blizzard to hit Istanbul in a week stopped
+  yesterday afternoon and the international airport reopened
+  today after a two-day closure. It was also shut earlier last
+  week.
+  
+
diff --git a/reuters/training/3048 b/reuters/training/3048
new file mode 100644
index 0000000000000000000000000000000000000000..5d5fba6731f5ac965a24c87a92970ec9adb60757
--- /dev/null
+++ b/reuters/training/3048
@@ -0,0 +1,46 @@
+ECUADOR TO EXPORT NO OIL FOR 4 MONTHS, OFFICIAL
+  The suspension of Ecuador's crude oil
+  shipments after an earthquake cut an oil pipeline will last at
+  least four months, a senior Energy Ministry official said.
+      The official said Ecuador could resume exports after
+  repairing a 40 km section of the 510 km pipeline, which links
+  jungle oil fields at Lago Agrio to Balao on the Pacific coast.
+  It would take about 100 mln U.S. Dlrs to repair the pipeline,
+  the official, who did not want to be named, told Reuters.
+  Ecuador had enough oil to meet domestic demand for about 35
+  days and would have to import crude to supplement stocks.
+      The earthquake last Thursday night registered six on the
+  12-point international Mercalli scale. The damage to the
+  pipeline was a severe economic blow to Ecuador, where oil
+  accounts for up to two-thirds of total exports and as much as
+  60 pct of government revenues.
+      Financially pressed Ecuador, a member of the Organisation
+  of Petroleum Exporting Countries (OPEC), was recently pumping
+  about 260,000 barrels per day (bpd) of crude, about 50,000 bpd
+  above the output quota assigned by the cartel, another Energy
+  Ministry spokesman said. Last year, it exported an average of
+  173,500 bpd, according to the central bank.
+      However, Ecuador might build an emergency 25 km pipeline,
+  costing 15 to 20 mln dlrs, to hook up with a Colombian
+  pipeline, the first official said. He estimated it could take
+  about 60 days to build.
+      Ecuador, squeezed by the slide in world oil prices in 1986,
+  had only 138 mln dlrs in net international reserves at the end
+  of January, about equal to one month's imports.
+      It suspended interest payments in January on 5.4 billion
+  dlrs owed to about 400 private foreign banks. The country's
+  total foreign debt is 8.16 billion dlrs, the eighth largest in
+  Latin America.
+      In Caracas, President Jaime Lusinchi said Venezuela would
+  loan five mln barrels of crude to Ecuador over the next three
+  months to make up for losses from damage to the pipeline.
+      Ecuador asked for the loan to guarantee domestic supplies
+  and would ship an equivalent volume back to Venezuela in
+  repayment in May, Lusinchi said.
+      A commission headed by Venezuelan Investment Fund Minister
+  Hector Hurtado and including representatives from the interior
+  and defence ministries and the state oil company Petroleos de
+  Venezuela will travel to Ecuador Tuesday to evaluate and
+  co-ordinate an emergency relief program, he said.
+  
+
diff --git a/reuters/training/3049 b/reuters/training/3049
new file mode 100644
index 0000000000000000000000000000000000000000..35c5dfbbfe5bc5284c55876ad56f1f3c6bccd4fa
--- /dev/null
+++ b/reuters/training/3049
@@ -0,0 +1,5 @@
+FRENCH JAN M-3 MONEY SUPPLY ROSE PROV ADJUSTED ONE PCT (O.7 PCT FALL IN DEC) - OFFICIAL.
+
+  FRENCH JAN M-3 MONEY SUPPLY ROSE PROV ADJUSTED ONE PCT (O.7 PCT FALL IN DEC) - OFFICIAL.
+  
+
diff --git a/reuters/training/3051 b/reuters/training/3051
new file mode 100644
index 0000000000000000000000000000000000000000..b791d890ff601c2a7e4da28f91ed4c4626c05535
--- /dev/null
+++ b/reuters/training/3051
@@ -0,0 +1,17 @@
+MALAYSIA SAYS RUBBER PACT DEPENDS ON CONSUMERS
+  Malaysia said the success of talks
+  opening today on a new International Natural Rubber Agreement
+  (INRA) depends on how flexible consumer countries are.
+      Rubber producer and consumer countries meet for 12 days in
+  Geneva from tomorrow to try to hammer out a rubber pact after
+  they failed to reach agreement last November to replace the
+  current accord, which expires next October.
+      Primary Industries Minister Lim Keng Yaik said in a
+  statement that Malaysia wants to continue with a second INRA
+  and is prepared to accept modifications that would strengthen
+  the present agreement.
+      He said the second INRA would allow for an orderly disposal
+  of the accumulated buffer stock of 375,000 tonnes, since the
+  market is now capable of absorbing such releases.
+  
+
diff --git a/reuters/training/3053 b/reuters/training/3053
new file mode 100644
index 0000000000000000000000000000000000000000..ff59b58690732e395a470736b1c7e0066290039b
--- /dev/null
+++ b/reuters/training/3053
@@ -0,0 +1,14 @@
+MCDOWELL <ME> TO MERGER WITH <INTERPHARM INC>
+  McDowell Enterprises Inc said
+  it has signed a definitive agreement to acquire an 80 pct
+  interest in privately held Interpharm Inc for a 19.9 pct
+  interest in McDowell.
+      The company said subject to contigencies, including future
+  sales and profit levels, McDowell could over a four-year period
+  acquire 100 pct of Interpharm in exchange for up to 51 pct of
+  McDowell's voting stock.
+      It said the transaction is expected to be completed within
+  60 days, at which time the McDowell board would be restructured
+  to include Interpharm management. 
+  
+
diff --git a/reuters/training/3056 b/reuters/training/3056
new file mode 100644
index 0000000000000000000000000000000000000000..932f98ab3df0b65d3d1335b7db447118c149e245
--- /dev/null
+++ b/reuters/training/3056
@@ -0,0 +1,40 @@
+RENAULT, CHRYSLER IN ACCORD FOR CHRYSLER TO BUY AMC
+  Regie Nationale des Usines Renault
+  <RENA.PA> said it and Chrysler Corp <C> have signed a letter of
+  intent in which Chrysler plans to buy American Motors Corp
+  <AMO.N>, 46 pct owned by Renault.
+      Renault President Raymond Levy said in a statement issued
+  by the French state car group the agreement was an important
+  stage in Renault's redeployment. "It will allow Renault to
+  continue its export programme to the U.S. And also opens a
+  perspective of cooperation with a major American constructor,"
+  the statement said. Under the terms of the letter of intent,
+  Chrysler will purchase Renault's stake held in the form of
+  bonds and shares.
+      The Renault statement quoted Chrysler Chairman Lee Iacocca
+  as saying, "We welcome AMC shareholders into the Chrysler
+  family."
+      He added that the accord would allow Renault and Chrysler
+  to study the development of future products destined to be
+  distributed by Renault and Chrysler in the North American and
+  world markets.
+      "Renault is a leader in our industry and I am happy to be
+  working with them," Iacocca was quoted as saying.
+      Chrysler will pay for Renault's AMC interests held in bonds
+  by a 200 mln dlr bond and will pay up to 350 mln dlrs for
+  Renault share interests, depending on AMC sales and future
+  profits, the Renault statement said.
+      The statement said the agreement in principle gave each
+  side 30 days to put together a definitive accord. Approval
+  would also be necessary from the Renault, Chrysler and AMC
+  boards, from AMC shareholders and the relevant government
+  authorities.
+      If the deal goes ahead, the statement said, AMC
+  shareholders other than Renault will receive Chrysler shares
+  for each of their shares valued at four dlrs.
+      AMC shareholders with convertible preferential shares will
+  have the possibility to exchange them for Chrysler shares on
+  the same conditions as those they would have had in exchanging
+  them for AMC shares.
+  
+
diff --git a/reuters/training/3057 b/reuters/training/3057
new file mode 100644
index 0000000000000000000000000000000000000000..537de633bd87b8014e7fd84e2783a6658e00bdfe
--- /dev/null
+++ b/reuters/training/3057
@@ -0,0 +1,9 @@
+HOG AND CATTLE SLAUGHTER GUESSTIMATES
+  Chicago Mercantile Exchange floor
+  traders and commission house representatives are guesstimating
+  today's hog slaughter at about 285,000 to 300,000 head versus
+  292,000 week ago and 309,000 a year ago.
+      Cattle slaughter is guesstimated at about 125,000 to
+  131,000 head versus 129,000 week ago and 119,000 a year ago.
+  
+
diff --git a/reuters/training/3060 b/reuters/training/3060
new file mode 100644
index 0000000000000000000000000000000000000000..e6113a6b4016bca9acb2f1df0186811d33a1d249
--- /dev/null
+++ b/reuters/training/3060
@@ -0,0 +1,5 @@
+ Bank of France said it cut money market intervention rate to 7-3/4 pct from eight pct
+
+   Bank of France said it cut money market intervention rate to 7-3/4 pct from eight pct
+  
+
diff --git a/reuters/training/3061 b/reuters/training/3061
new file mode 100644
index 0000000000000000000000000000000000000000..34a1f280d95056a18601df916c80d9d141c2840d
--- /dev/null
+++ b/reuters/training/3061
@@ -0,0 +1,5 @@
+FIRST BOSTON AFFILIATE TO ACQUIRE ALLEGHENY INT'L FOR 24.60 DLRS/SHR
+
+  FIRST BOSTON AFFILIATE TO ACQUIRE ALLEGHENY INT'L FOR 24.60 DLRS/SHR
+  
+
diff --git a/reuters/training/3062 b/reuters/training/3062
new file mode 100644
index 0000000000000000000000000000000000000000..5a9bed39f6c6b0f871fdd64982f20a3b688a0525
--- /dev/null
+++ b/reuters/training/3062
@@ -0,0 +1,57 @@
+SOUTHERN <SO> TO TAKE CHARGE ON VOGTLE COST
+  Southern Co said it will take an
+  after-tax charge of 226 mln dlrs against earnings no later than
+  January 1988 because the projected cost of the Vogtle nuclear
+  power plant has risen abover the amount which retail customers
+  in Georgia will be asked to pay.
+      The company's largest subsidiary, Georgia Power Co, said
+  the budget for the plant has increased by 6.3 pct, or 522 mln
+  dlrs, to 8.87 billion. However, because of a pledge the made
+  last year to Georgia's Public Service Commission, the increased
+  cost will not be included in the utility's retail electric
+  rates.
+      Geogia Power also said its board has delayed the scheduled
+  completion of Vogtle's Unit Two to June 1989 from September
+  1988. Unit Two is about 60 pct complete, it added.
+      The utility said fuel loading has been completed at Unit
+  One and the unit is being put through a series of low-power
+  tests before the Nuclear Regulatory Commission is asked for a
+  full-power license.
+      The nuclear power plant, located near Waynesboro, Ga., is
+  co-owned by <Oglethorpe Power Corp>, the Municipal Electric
+  Authority of Georgia and the city of Dalton.
+      Georgia Power said the revised Vogtle budget estimate was
+  due to several factors, including additional labor costs
+  incurred to keep the plant's first unit on schedule for
+  commercial operation by June. The new figure represents the
+  first change in the plant's budget since August 1985, when it
+  was estimated at 8.35 billion dlrs.
+      In March 1986, the utility told Georgia regulators it would
+  "cap" the price of Vogtle its customers would be asked to pay
+  at 3.56 billion dlrs, the company's share of the then projected
+  8.35 billion dlr total. Under the new budget, Georgia Power
+  said, its share amounts to 3.87 billion dlrs.
+      Noting that Georgia Power's share of the Vogtle increase is
+  313 mln dlrs, Southern said this will result in a charge
+  against earnings of 177 mln dlrs after taxes.
+      In addition, the company said, Georgia Power's contracts
+  with the joint owners require the utility to buy back
+  significant amounts of Vogtle capacity during the plant's
+  initial years of operation. Under terms of the cap on costs, it
+  will not attempt to recover the portion of the budget increase
+  that applies to the buybacks.
+      This bings the total amount that must be charged against
+  earnings to 2326 mln dlrs after taxes, Southern said.
+      Southern said new rules of the Financial Accounting
+  Standards Board, which are effective in January 1988, require
+  any costs that are determined nonrecoverable to be charged
+  against earnings once that determination is made.
+      The company also said its board has approved a capital
+  budget of 2.1 billion dlrs in 1987, including work on the
+  Vogtle project.
+      It said a 5.9 billion dlr capita budget for the three-year
+  period 1987-1989 was also outlined at the board meeting, noting
+  this is 700 mln dlrs below the comparable figure for the years
+  1986-1988.
+  
+
diff --git a/reuters/training/3063 b/reuters/training/3063
new file mode 100644
index 0000000000000000000000000000000000000000..c66715dc3c750b45a7f45f9dc4296cc59b9fce29
--- /dev/null
+++ b/reuters/training/3063
@@ -0,0 +1,13 @@
+STORA CLOSE TO COMPLETING PAPYRUS TAKEOVER
+  Sweden's Stora Kopparbergs Bergslags
+  AB <SKPS ST> said it had now acquired 90 pct of shares in rival
+  pulp and paper makers Papyrus AB, thus passing the threshold
+  above which it can compulsorily buy the rest of the company.
+      Remaining shareholders would have until later this month to
+  sell their shares to Stora, the company said in a statement.
+      Stora announced last September it would acquire Papyrus at
+  a price of 5.8 billion crowns, thus forming Europe's second
+  largest forest group after London-based Reed International Plc
+  <REED L>.
+  
+
diff --git a/reuters/training/3065 b/reuters/training/3065
new file mode 100644
index 0000000000000000000000000000000000000000..8fa7a1a6770e69d7f33fec8671f5aa1837e644d8
--- /dev/null
+++ b/reuters/training/3065
@@ -0,0 +1,79 @@
+OECD TRADE, GROWTH SEEN SLOWING IN 1987
+  The 24 nations of the Organisation for
+  Economic Cooperation and Development (OECD), hampered by
+  sluggish industrial output and trade, face slower economic
+  growth, and their joint balance of payments will swing into
+  deficit in 1987, the Economist Intelligence Unit (EIU ) said.
+      The EIU said in its World Trade Forecast it revised OECD
+  economic growth downwards to 2.5 pct this year, compared with a
+  2.8 pct growth forecast in December.
+      It said the new areas of weakness are West Germany and the
+  smaller European countries it influences, and Japan, hardest
+  hit by currency appreciation this year.
+      The independent research organisation cut its 1987 growth
+  rate forecasts for West Germany to 2.2 pct from 3.2 pct in
+  December and to 2.3 pct from three pct for Japan.
+      It said it expected the OECD to post a current account
+  deficit of some 13 billion dlrs in both 1987 and 1988, due in
+  large part to a 1.50 dlrs a barrel rise in 1987 oil prices.
+      It said the U.S. Current account deficit looked likely to
+  fall even more slowly than forecast, to 125 billion dlrs in
+  1987 and 115 billion in 1988 from 130 billion in 1986.
+      It said it expected West Germany to post a 31 billion dlr
+  payments surplus and Japan a 76 billion dlr surplus this year.
+      The EIU said it saw oil prices dropping to around 16.50
+  dlrs a barrel by end-1987 and 15.50 dlrs in 1988 from about 18
+  dlrs last year, as adherence to OPEC output policy becomes
+  increasingly ragged.
+      It said the dollar is poised to resume its decline in
+  foreign exchange markets, and will lose a further 13 pct on its
+  trade-weighted index this year and five pct in 1988 after last
+  year's 18.4 pct drop.
+      The average mark/dollar rate is put at 1.80 marks this year
+  and 1.70 in 1988 while the yen/dollar rate is expected to break
+  through the 150 yen barrier with an average value of 150 yen in
+  1987 and 146 yen in 1988, it said.
+      "This is not a crash scenario but the dollar's steeper angle
+  of descent increases the risk of ending with a fireball rather
+  than a three-point landing," the EIU said.
+      "Talking will not stop the dollar's slide for long and the
+  February meeting (of finance ministers of the Group of Five and
+  Canada) produced scant promise of either a decisive shift to
+  more expansive policies in West Germany and Japan, or a tighter
+  U.S. Fiscal policy," it said.
+      It said the key to the dollar's fortunes was the
+  willingness of Japanese institutions to buy U.S. Government
+  assets despite prospects of sustaining a currency loss.
+      "Thus far they have been willing," the EIC said, adding that
+  if Japan was deterred from buying U.S. Bonds the dollar would
+  collapse.
+      To contain such a currency crisis, dollar interest rates
+  would have to soar, bringing recession and a Third World debt
+  crisis, it said.
+      On trade, the EIU said prospects for 1987 look "increasingly
+  sick."
+      Import growth, forecast in December at 4.5 pct, is now seen
+  slowing down to around 3.8 pct in 1987 with a recovery only to
+  4.2 pct in 1988, it said.
+      The weakness of the West German economy is the biggest
+  single factor, with import growth there expected to feature a
+  sluggish 3.5 pct growth in 1987 against the 6.5 pct forecast in
+  December, the EIU said.
+      On the export side, it said it saw weak demand in West
+  Germany affecting export prospects elsewhere in Europe, while
+  Japan's exports in 1987 would remain flat and sales by U.S.
+  Exporters would respond only marginally to a lower, more
+  competitively-priced dollar.
+      It said in most of Europe and in Japan, raw materials and
+  oil will cost less in domestic currency in 1987 than in 1986.
+      However, rates of inflation will edge up in 1988 to over
+  the current OECD average of three pct. Non-oil commodity prices
+  will show a modest dollar price increase in 1988 for the first
+  time since 1984, the EIU said.
+      After a rise of 18 pct in 1986, the dollar price of
+  internationally traded manufactures will go up by 8.5 pct in
+  1987 and by five pct in 1988, it said.
+      It said OECD industrial production would rise by only 1.6
+  pct in 1987 after a weak 1.5 pct increase in 1986.
+  
+
diff --git a/reuters/training/3067 b/reuters/training/3067
new file mode 100644
index 0000000000000000000000000000000000000000..ea8d5d48b6420f37db3a69ab34ef7fdef927b660
--- /dev/null
+++ b/reuters/training/3067
@@ -0,0 +1,8 @@
+U.K. MONEY MARKET GIVEN LATE HELP WORTH 15 MLN STG
+  The Bank of England said it provided the
+  market with unspecified late assistance worth 15 mln stg.
+      It has given the market total assistance of 228 mln stg
+  today compared with a liquidity shortage it estimated at a
+  revised 300 mln stg.
+  
+
diff --git a/reuters/training/3068 b/reuters/training/3068
new file mode 100644
index 0000000000000000000000000000000000000000..671bd83acc22f9156827528ba33315b12eb78a62
--- /dev/null
+++ b/reuters/training/3068
@@ -0,0 +1,22 @@
+BANK OF FRANCE CUTS INTERVENTION RATE
+  The Bank of France said it cut its money
+  market intervention rate to 7-3/4 pct from eight pct when it
+  injected money against first category paper.
+      The bank also cut its seven-day repossession rate to 8-1/2
+  pct from 8-3/4 pct.
+      The intervention rate has stood at eight pct since it was
+  raised from 7-1/4 pct on January 2 as the French franc came
+  under pressure ahead of the EMS realignment on January 11.
+      The bank said the purchase, effective tomorrow, is for five
+  pct of private paper and fixed rate Treasury bills maturing
+  between March 25 and June 25 and of other Treasury bills
+  maturing between March 25, 1987 and March 25, 1989.
+      The rate cut had been expected since the bank announced a
+  money market intervention tender earlier today.
+      Money market dealers said conditions seemed right for a
+  quarter percentage point cut, reflecting an easing in the call
+  money rate last week, and the French franc's steadiness on
+  foreign exchange markets since the February 22 currency
+  stabilisation accord here by the Group of Five and Canada.
+  
+
diff --git a/reuters/training/3069 b/reuters/training/3069
new file mode 100644
index 0000000000000000000000000000000000000000..63c7f10093bbb421216b8736e720a8404b5097b7
--- /dev/null
+++ b/reuters/training/3069
@@ -0,0 +1,18 @@
+WHITE ENGINE BOUGHT BY PRIVATE INVESTOR
+  White Engine, a manufacturer of
+  industrial and automotive diesel and gasoline engines with more
+  than 100 mln dlrs in sales, said it has been sold to a group of
+  group investors.
+      White Engine said the purchase is led by Donald Stewart, a
+  private investment banker, along with White senior executives.
+      A source close to the transaction said the purchase prices
+  is being set at more than 55 mln dlrs.
+      The company said it will change its name to Hercules
+  Engines Inc, and Stewart will be the majority interest owner,
+  as well as the president and chief executive officer.
+      In addition, John Lennon, current chairman and chief
+  executive officer, will remain as chairman, he company said.
+  And Joseph G. Scheetz, currently president, will be vice
+  chairman, according to the company.
+  
+
diff --git a/reuters/training/307 b/reuters/training/307
new file mode 100644
index 0000000000000000000000000000000000000000..29012fbc83c32d2c36d54fa245a7e16fe28459d9
--- /dev/null
+++ b/reuters/training/307
@@ -0,0 +1,12 @@
+U.K. MONEY MARKET DEFICIT FORECAST AT 800 MLN STG
+  The Bank of England said it forecast a
+  shortage of around 800 mln stg in the money market today.
+      Among the main factors affecting liquidity, bills maturing
+  in official hands and the take-up of treasury bills will drain
+  some 1.61 billion stg.
+      Partly offsetting this outflow, exchequer transactions and
+  a fall in note circulation will add around 425 mln stg and 360
+  mln stg respectively. In addition, bankers' balances above
+  target will add some 20 mln stg to the system today.
+  
+
diff --git a/reuters/training/3071 b/reuters/training/3071
new file mode 100644
index 0000000000000000000000000000000000000000..ed99d99115c3da667ef87f58ae6c0220cea709c2
--- /dev/null
+++ b/reuters/training/3071
@@ -0,0 +1,13 @@
+STORA CLOSE TO COMPLETING PAPYRUS TAKEOVER
+  Sweden's Stora Kopparbergs Bergslags
+  AB <SKPS.ST> said it has now acquired 90 pct of shares in rival
+  pulp and paper makers Papyrus AB, thus passing the threshold
+  above which it can compulsorily buy the rest of the company.
+      Remaining shareholders would have until later this month to
+  sell their shares to Stora, the company said in a statement.
+      Stora announced last September it would acquire Papyrus at
+  a price of 5.8 billion crowns, thus forming Europe's second
+  largest forest group after London-based Reed International Plc
+  <REED L>.
+  
+
diff --git a/reuters/training/3072 b/reuters/training/3072
new file mode 100644
index 0000000000000000000000000000000000000000..a48f7752343abbfb31497f96d349abcfc4ae48f0
--- /dev/null
+++ b/reuters/training/3072
@@ -0,0 +1,30 @@
+ALLEGHENY INT'L <AG>, FIRST BOSTON SET MERGER
+  Allegheny International Inc said it
+  has entered into an agreement to merge with an affiliate of
+  First Boston Inc's <FPC> First Boston Corp in a transaction
+  valued at about 500 mln dlrs.
+      Allegheny said the agreement calls for holders of its
+  common to receive 24.60 dlrs a share. Holders of the company's
+  2.19 dlrs cumulative preference shares will receive 20 dlrs a
+  share and those owning its 11.25 dlrs convertible preferred
+  will receive 87.50 dlrs a share.
+      Allegheny International said the agreement calls for the
+  First Boston affiliate to start a cash tender offer for all
+  outstanding shares of Allegheny's common, cumulative preferred
+  and convertible preferred.
+      The company said First Boston has committed to provide all
+  financing necessary to acquire such securities in the tender
+  offer which is estimated to be about 500 mln dlrs.
+      It said the agreement is also subject to the waiver by
+  March 13 of certain conditions under the company's existing
+  bank credit agreement.
+      Allegheny International's statement did not name or
+  describe the First Boston affiliate involved in the agreement.
+      It did say the offer for the company's stock will be
+  conditioned also on the valid tender of securities representing
+  at least a majority of the voting power for the election of
+  directors of the company and the valid tender of at least two
+  third's of the outstanding cumulative preferred and convertible
+  preferred shares.
+  
+
diff --git a/reuters/training/3073 b/reuters/training/3073
new file mode 100644
index 0000000000000000000000000000000000000000..9a1b2e6995ad685e6f5e537ba0a6c9c78f9c6602
--- /dev/null
+++ b/reuters/training/3073
@@ -0,0 +1,24 @@
+FRENCH JANUARY M-3 MONEY SUPPLY RISES ONE PCT
+  French money supply, measured in terms of
+  M-3, rose a provisional one pct in January after falling 0.7
+  pct in December, the Bank of France said.
+      M-3 is the main money supply aggregate used by the French
+  monetary authorities. It has been joined as a second main money
+  supply aggregate for 1987 by M-2, which rose a provisional 1.2
+  pct in January after falling a confirmed 0.9 pct in December.
+      Calculated on a three-month moving average basis, M-3 rose
+  4.4 pct year-on-year in the quarter based on December after
+  rising 5.4 pct in the quarter centred on September.
+      The M-2 aggregate, centred on a three-month moving average,
+  rose year-on-year by four pct, within a 1987 target range of
+  four to six pct.
+      M-1 rose 2.5 pct after a 1.1 pct fall in December. M-1
+  measures notes and coins in circulation plus sight deposits.
+      M-2 adds in short-term bank deposits and M-3 adds in other
+  short-term deposits.
+      The central bank's widest measure of liquidity, L, rose 1.5
+  pct in January after one pct fall in December. The bank said
+  the money supply growth reflected a net increase of sight
+  deposits and renewed interest in money market instruments.
+  
+
diff --git a/reuters/training/3074 b/reuters/training/3074
new file mode 100644
index 0000000000000000000000000000000000000000..c3502422dcdd75f7b5244ab82adcc395b712ae34
--- /dev/null
+++ b/reuters/training/3074
@@ -0,0 +1,5 @@
+CHRYSLER SAYS AMC HOLDERS TO GET CHRYSLER STOCK WORTH FOUR DLRS A SHARE UNDER BUYOUT PLAN
+
+  CHRYSLER SAYS AMC HOLDERS TO GET CHRYSLER STOCK WORTH FOUR DLRS A SHARE UNDER BUYOUT PLAN
+  
+
diff --git a/reuters/training/3076 b/reuters/training/3076
new file mode 100644
index 0000000000000000000000000000000000000000..5315800cd658427ea6334b7fdb71ca32d141406b
--- /dev/null
+++ b/reuters/training/3076
@@ -0,0 +1,8 @@
+TURKISH CENTRAL BANK SETS LIRA/DOLLAR, DM RATES
+  The Turkish Central Bank set a
+  Lira/Dollar rate for March 10 of 773.05/776.92 to the Dollar,
+  down from the previous 769.60/773.45.
+      The Bank also set a Lira/Mark rate of 417.20/419.29 to the
+  Mark, up from the previous 419.15/421.25.
+  
+
diff --git a/reuters/training/3077 b/reuters/training/3077
new file mode 100644
index 0000000000000000000000000000000000000000..fa5092d7e1a374493a41eddbeb278d741f4110ee
--- /dev/null
+++ b/reuters/training/3077
@@ -0,0 +1,39 @@
+CONTINENTAL BANK/CANADA SETS DISTRIBUTION
+  Continental Bank of Canada, a subsidiary
+  of Lloyds Bank PLC <LLOY.L>, said it intends to redeem all
+  existing preferred shares and distribute a stock dividend to
+  common shareholders.
+      The initial distribution will be in cumulative redeemable
+  retractable floating rate class A preferred shares series II,
+  which will carry a retraction right enabling holders to receive
+  12.75 dlrs for each share.
+      Continental said the 58.6 mln dlrs of existing outstanding
+  preferred shares will be paid off at par plus accrued dividends.
+       Continental said the notes will carry a dividend rate of
+  72 pct of prime and it expects that the shares will trade at
+  12.75 dlrs or more, enabling shareholders who wish to receive
+  cash to do so.
+      The bank said it expects the distribution will be made in
+  early May, subject to various approvals.
+      Continental also said that, as of March 2, it had cash of
+  more than 250 mln dlrs and equity of about 284.6 mln dlrs,
+  allowing for a final total distribution of 16.60 dlrs per
+  common share.
+      Continental Bank said it continues to expect that the final
+  distribution to shareholders will be in the range of 16.50 dlrs
+  to 17.25 dlrs per share and will take place in late 1988 or
+  early 1989.
+      Until the initial stock distribution takes place, regular
+  dividend payments will be maintained on the existing preferred
+  shares, the bank said.
+      The distribution is part of the terms of Continental Bank
+  of Canada's sale of its banking assets to Lloyds Bank Canada, a
+  subsidiary of Lloyds Bank PLC.
+      Continental Bank said Lloyds Bank Canada paid the balance
+  of the purchase price but that it was lower than originally
+  anticipated since Continental was unable to transfer certain
+  income tax deductions to Lloyds Bank. Continental did not give
+  further details.
+   More
+  
+
diff --git a/reuters/training/3078 b/reuters/training/3078
new file mode 100644
index 0000000000000000000000000000000000000000..495e1c2ec79cd158aa70c92c3dc10668f03bb920
--- /dev/null
+++ b/reuters/training/3078
@@ -0,0 +1,51 @@
+STUDY SAYS U.S., CANADA PACT WOULD SPUR ECONOMIES
+  A free trade pact between the United
+  States and Canada could spur the economies of both sides
+  substantially, according to a study released by the Institute
+  for International Economics.
+      The study, by Paul Wonnacott, said a successful conclusion
+  to the free trade talks now under way could raise Canada's
+  gross national product by more than five pct and expand U.S.
+  export's by about seven pct.
+      He said the pact could resolve the knotty issue of
+  government subsidies, end curbs on trade in services and
+  investments and pave the way for new global talks under the 
+  General Agreement on Tariffs and Trade.
+      The United States and Canada - the world's two biggest
+  trading partners with cross border shipments of about 150
+  billion dlrs a year - opened free trade talks last June. They
+  are aiming for a pact by next October.
+      Wonnacott, an economics professor at the Univerity of
+  Maryland, said an agreement should include:
+      - Elimination of tariffs between the two countries, phased
+  in over a five to 10-year period;
+      - Equal access to federal government procurement in the two
+  countries, replacing current "Buy America" and "Buy Canada"
+  provisions with a "Buy North America" provision;
+      - Fewer restrictions in trade in services, chiefly finance
+  and transportation;
+      - A commitment not to screen foreign investments in favor
+  domestic producers;
+      - A commission to resolve bilateral trade disputes.
+       Wonnacott said that to resolve the subsidy problem, the
+  two sides should permit export subsidies of exports of up to
+  2.0 or 2.5 pct without imposing coutervailing duties.
+      The limit on subsidies is now 0.5 pct.
+      He proposed that any attempt to impose new duties to offset
+  subsidies should go first a special disputes commission for
+  resolution at an early stage.
+      Wonnacott said "bilateral free trade would contribute to the
+  efficiency of the North American economies and to their
+  competitiveness in facing overseas producers.
+      He said it would it would open U.S. markets to Canadian
+  goods and enable them to benefit from the economies of mass
+  production.
+      Benefits to the United States would be fewer than those to
+  Canada proportionately, he said, because of the already large
+  U.S. gross national product.
+      Wonnacott said also that a U.S.-Canada pact in such areas
+  as export subsidies and the creation of a dispute commission
+  could set an example for the current attempt by GATT to write
+  new and more liberal global trading regulations.
+  
+
diff --git a/reuters/training/3080 b/reuters/training/3080
new file mode 100644
index 0000000000000000000000000000000000000000..98614ba46eb21ab3246b09bbabe56191420542a4
--- /dev/null
+++ b/reuters/training/3080
@@ -0,0 +1,10 @@
+GULF RESOURCES <GRE> TO HAVE GAIN ON STOCK SALE
+  Gulf Resources and Chemical Corp said it
+  has sold 9,534,633 shares of <Imperial Continental Gas
+  Association> for 720 pence a share, or 68.6 mln stg, in a
+  private transaction for a pretax gain of about 19.6 mln dlrs.
+      Gulf Resources said it still owns 6.7 mln shares of
+  Imperial Continental, or a 4.6 pct interest, and continues to
+  study various alternatives.
+  
+
diff --git a/reuters/training/3082 b/reuters/training/3082
new file mode 100644
index 0000000000000000000000000000000000000000..53d89d03fcf29bc8faae0708e0163b43f35194d1
--- /dev/null
+++ b/reuters/training/3082
@@ -0,0 +1,13 @@
+ROTTERDAM GRAIN HANDLER SAYS PORT BALANCE ROSE
+  Graan Elevator Mij said its balance in
+  port of grains, oilseeds and derivatives rose to 136,000 tonnes
+  on March 7 from 31,000 a week earlier, after arrivals of
+  523,000 tonnes and discharges of 418,000 tonnes last week.
+      The balance comprised 38,000 tonnes of grains and oilseeds
+  and 98,000 tonnes of derivatives.
+      This week's estimated arrivals total 194,000 tonnes, of
+  which 45,000 are grains/oilseeds and 149,000 derivatives.
+      The figures cover around 95 pct of Rotterdam traffic in the
+  products concerned.
+  
+
diff --git a/reuters/training/3083 b/reuters/training/3083
new file mode 100644
index 0000000000000000000000000000000000000000..03341713416093d9f14c3b5b52f05b6c23d91b61
--- /dev/null
+++ b/reuters/training/3083
@@ -0,0 +1,5 @@
+DONALD TRUMP SAID HE HAS AGREED TO PURCHASE CROSBY ESTATE'S RESORTS SHARES
+
+  DONALD TRUMP SAID HE HAS AGREED TO PURCHASE CROSBY ESTATE'S RESORTS SHARES
+  
+
diff --git a/reuters/training/3084 b/reuters/training/3084
new file mode 100644
index 0000000000000000000000000000000000000000..e5a95f0e4a719c95a10fbc3e48f69040902348db
--- /dev/null
+++ b/reuters/training/3084
@@ -0,0 +1,41 @@
+U.K. AGRICULTURAL FUTURES MARKETS TO MERGE
+  Three London markets which trade potato,
+  soymeal and meat futures said they will merge to form a new
+  Agricultural Futures Exchange.
+      Legal advisers have been instructed to implement the
+  amalgamation of the London Potato Futures Association, LPFA,
+  the London Meat Futures Exchange, LMFE, and the Grain and Feed
+  Trade Association's, GAFTA, Soya Bean Meal Futures Association,
+  SOMFA. No timetable was given.
+      Members of the three exchanges have been consulted,
+  Agricultural Futures Exchange secretary Bill Englebright told
+  Reuters, and no objections have been raised to the merger.
+      Three markets are involved at present but the new exchange
+  could ultimately combine five markets.
+      Discussions are taking place with the Baltic International
+  Freight Futures Exchange, BIFFEX, and the GAFTA London Grain
+  Futures Market is considering the possibility of joining the
+  other markets, market officials said.
+      The BIFFEX board is expected to reach a decision on the
+  merger at its meeting at the end of this month, after members
+  are consulted at a meeting on March 16.
+      The grain futures market also intends to consult its
+  members soon, GAFTA director general James Mackie said.
+      The aim of the amalgamation is to limit regulatory and
+  administrative costs and achieve the recognition required under
+  the 1986 Financial Services Act. This legislation requires a
+  futures market to become a Recognised Investment Exchange, RIE,
+  for trading to continue.
+      Representatives of all the futures markets on the Baltic
+  Exchange have been discussing the possibility of a single RIE
+  structure since the beginning of the year.
+      The new exchange now planned will apply to the Securities
+  and Investments Board for recognition as an RIE "at the
+  appropriate time," the Agricultural Futures Exchange said.
+      "This commitment by the markets will enable progress to be
+  made to develop a stronger and more effective exchange to the
+  benefit of all those involved in the industry," the chairman of
+  the formation committee, Pat Elmer, said.
+      The merged markets will remain at the Baltic Exchange.
+  
+
diff --git a/reuters/training/3085 b/reuters/training/3085
new file mode 100644
index 0000000000000000000000000000000000000000..59cf6ec154675ab7d94706a94df3aafe8e219a6a
--- /dev/null
+++ b/reuters/training/3085
@@ -0,0 +1,10 @@
+BSN <BSN> SHARE SALE ADVANCES
+  BSN Corp said its agreement to sell
+  1,750,000 new common shares, or a 25 pct interest, to 31
+  unaffiliated European institutional investors for 30.4 mln dlrs
+  has become definitive.
+      The company said closing is expected shortly after the
+  filing of a registration statement with the Securities and
+  Exchange Commission, which is expected to be made this month.
+  
+
diff --git a/reuters/training/3086 b/reuters/training/3086
new file mode 100644
index 0000000000000000000000000000000000000000..6df7ba6396c86fb6a06061bbf5922fd797548667
--- /dev/null
+++ b/reuters/training/3086
@@ -0,0 +1,35 @@
+GENCORP<GY> UNIT TO SELL LOS ANGELES TV STATION
+  Gencorp said its RKO General
+  subsidiary agreed to sell KHJ-TV in Los Angeles to Walt Disney
+  Co <DIS> for 217 mln dlrs cash plus working capital and other
+  adjustments at closing.
+      The company said under the agreement in principle, RKO's
+  application to renew the station's broadcast license would be
+  dismissed and the competing application of Fidelity Television
+  would be granted. Disney would then acquire privately held
+  Fidelity for about 103 mln dlrs and other adjustments.
+      Renewal of the KHJ-TV license has been challenged in
+  regulatory proceedings for more than 20 years.
+      The deal is subject to prior approval by the Federal
+  Communications Commission, the company said.
+      Late in 1985, Gencorp cut a deal with Fidelity, a Los
+  Angeles investor group, and Westinghouse Electric Corp <WX> to
+  settle the license proceedings and sell KHJ-TV for 313 mln
+  dlrs, 70 pct of which would go to Westinghouse and the
+  remainder to Fidelity. But on Jan 28, 1987, Westinghouse
+  withdrew from the deal because the FCC would not approve it.
+      In early 1986, Gencorp and RKO agreed to sell WOR-TV in
+  Secaucus, N.J., to MCA Inc <MCA> for 387 mln dlrs. The FCC has
+  approved the transaction, but several parties have appealed.
+      The FCC has not said when it would rule on the appeals,
+  according to a spokemsan for Akron, Ohio-based Gencorp.
+      Fidelity Television originally filed a competing
+  application for the RKO license for KHJ, an independent
+  station, in 1965.
+      In 1980, the FCC disqualified RKO as licensee of WNAC-TV in
+  Boston, citing anti-competitive trade practices and inaccurate
+  financial reporting to the agency, causing renewals previously
+  granted to RKO in New York, for WOR, and Los Angeles, for KHJ,
+  to be denied.
+  
+
diff --git a/reuters/training/3087 b/reuters/training/3087
new file mode 100644
index 0000000000000000000000000000000000000000..be5a9c3968d5ca397f2f44eb8f941de042d722a5
--- /dev/null
+++ b/reuters/training/3087
@@ -0,0 +1,5 @@
+BARCLAYS BANK SAID IT CUTTING BASE LENDING RATE TO 10.5 PCT FROM 11 PCT.
+
+  BARCLAYS BANK SAID IT CUTTING BASE LENDING RATE TO 10.5 PCT FROM 11 PCT.
+  
+
diff --git a/reuters/training/3088 b/reuters/training/3088
new file mode 100644
index 0000000000000000000000000000000000000000..c6eb9b1103c12e80b81d8eaefa6d7bede48557fe
--- /dev/null
+++ b/reuters/training/3088
@@ -0,0 +1,5 @@
+MIDLAND BANK SAID IT CUTTING ITS BASE RATE TO 10.5 PCT FROM 11 PCT.
+
+  MIDLAND BANK SAID IT CUTTING ITS BASE RATE TO 10.5 PCT FROM 11 PCT.
+  
+
diff --git a/reuters/training/3089 b/reuters/training/3089
new file mode 100644
index 0000000000000000000000000000000000000000..126299c01ecb887182ddb7335922166a3c63ee57
--- /dev/null
+++ b/reuters/training/3089
@@ -0,0 +1,15 @@
+IMATRON <IMAT> SELLS STAKE TO MITSUI <MITSY>
+  Imatron Inc said
+  Mitsui and Co Ltd of Japan has purchased a two mln dlr equity
+  interest in Imatron at market price and was granted a 120-day
+  option to make another two mln dlr investment at the same price.
+      Imatron said Mitsui, the exclusive importer of Imatron's
+  Ultrafast computed tomography scanners into Japan, is scheduled
+  to take delivery of its first scanner next month for
+  installation in a large cardiology center.
+      It said it has entered into preliminary discussions with
+  Mitsui on the formation of a joint venture to finance the
+  accelerated development of Imatron's technology and its
+  commercialization in Japan.
+  
+
diff --git a/reuters/training/309 b/reuters/training/309
new file mode 100644
index 0000000000000000000000000000000000000000..7e40e560084b064ea459a9fcbff44c537ecc94d5
--- /dev/null
+++ b/reuters/training/309
@@ -0,0 +1,26 @@
+BLACK MINERS SUPPORT S. AFRICAN MINES TAKEOVER
+  Thousands of black
+  mineworkers roared support for a union proposal to seize
+  control of South Africa's gold, uranium, platinum and coal
+  mines if the owners refuse to improve conditions for migrant
+  black workers.
+      About 15,000 miners attended a rally here to endorse moves
+  proposed by last week's annual meeting of the 200,000 strong
+  National Union of Mineworkers (NUM).
+      They also supported a proposal for a national strike at the
+  end of this month if the owners refused to begin negotiations.
+      Migrant workers from surrounding countries make up more
+  than half of the labour force in the mines.
+      It was not stated how the union would "seize control."
+      The miners' leaders also demanded an end to the system of
+  single sex hostels for migrant workers, to be replaced by
+  housing schemes so that workers could live with their families.
+      The crowd, one of the largest to attend a meeting since
+  South Africa declared a state of emergency last June, also
+  shouted approval of a proposal to work closely with
+  anti-apartheid movements such as the United Democratic Front
+  (UDF) which claims two mln members. They also shouted their
+  support for a demand that jailed black nationalist leader
+  Nelson Mandela be released.
+  
+
diff --git a/reuters/training/3091 b/reuters/training/3091
new file mode 100644
index 0000000000000000000000000000000000000000..91aadf46cf2617df790950fafbfb9a4421ecc64e
--- /dev/null
+++ b/reuters/training/3091
@@ -0,0 +1,11 @@
+A.H. ROBINS'S <QRAH> JANUARY EARNINGS UP
+  A. H. Robins Co, the drug company
+  in bankruptcy proceedings due to litigation over its Dalkon
+  Shield contraceptive device, reported consolidated net earnings
+  for the month ended January 31 of 17.3 mln dlrs.
+      In the corresponding year-ago period it reported net
+  earnings of 13.8 mln dlrs.
+      Robins said the filings were made with the U.S. trustee
+  overseeing its chapter 11 bankruptcy case.
+  
+
diff --git a/reuters/training/3092 b/reuters/training/3092
new file mode 100644
index 0000000000000000000000000000000000000000..c6ff8e5e40db22aa5b4614065c4c8fdece40889e
--- /dev/null
+++ b/reuters/training/3092
@@ -0,0 +1,8 @@
+BARCLAYS, MIDLAND FOLLOW NATWEST BASE RATE CUT
+  Barclays Bank Plc <BCS.L> and Midland
+  Bank Plc <MDBL.L> said they are cutting their base lending
+  rates to 10.5 pct from 11 pct. The cuts follow a similar move
+  by National Westminster Bank Plc <NWBL.L>
+      The rate changes take effect tomorrow.
+  
+
diff --git a/reuters/training/3093 b/reuters/training/3093
new file mode 100644
index 0000000000000000000000000000000000000000..5d70a74cc37b4ec20d7a860326e00b2aace3516f
--- /dev/null
+++ b/reuters/training/3093
@@ -0,0 +1,23 @@
+CONTROL DATA <CDA> TO BUY PERIPHERALS STAKE
+  Control Data Corp said it
+  agreed to acquire Unisys Inc's <UIS> 13 pct stake in <Magnetic
+  Peripherals Inc>.
+      The letter of intent provides that Unisys converts from an
+  owner in Magnetic Peripherals to a customer of Control Data's
+  data storage products group over a two year period.
+      Under the agreement, Control Data will continue to furnish
+  disk drives to Unisys, it said.
+      No other details of the proposed agreement were available.
+      Magnetic Controls, managed by the data storage products
+  group of Control Data, was founded in 1975 as a joint venture
+  to maintain a technological base in data storage, and supply
+  peripheral equipment for the computer systems of its owners.
+      The venture has become a developer and manufacturer of high
+  performance, high-capacity data storage products sold by
+  Control Data to computer systems manafacturers worldwide, it
+  said.
+      After conversion of the Unisys interest, Control Data will
+  own 80 pct, Honeywell Inc <HON>, 14 pct and Bull S.A. of
+  France, six pct, it said.
+  
+
diff --git a/reuters/training/3094 b/reuters/training/3094
new file mode 100644
index 0000000000000000000000000000000000000000..e8555a38088b86ad4f9be91274aaa705fd12ca78
--- /dev/null
+++ b/reuters/training/3094
@@ -0,0 +1,25 @@
+DONALD TRUMP TO BUY CROSBY RESORTS <RTB> STOCK
+  Casino hotel operator and real estate
+  developer Donald Trump said he has agreed to purchase the Class
+  B common stock of Resorts International Inc held by the family
+  and estate of late Resorts chairman James Crosby for 135 dlrs
+  per share.
+      Trump said he is also considering a tender offer for
+  remaining Class B shares at the same price but has no interest
+  in Resorts' Class A shares.
+      Trump said the shares he has agreed already to buy
+  represent a 78 pct interest in the Class B stock. The estate
+  itself owns 340,783 of the 752,297 Class B shares. There are
+  also about 6,432,000 Class A shares outstanding, but Trump said
+  "I have no interest in the Class A shares."
+      Each Class B share has 100 times the voting power of a
+  Class A share.
+      In Atlantic City, Resorts said in a statement that the
+  Class B shares being sold to Trump represents 73 pct of the
+  combined voting power in Resorts.
+      It said closing is dependent on receipt of necessary
+  regulatory approvals and other matters, and after closing,
+  Trump will tender for remaining Class B shares at the same
+  price.
+  
+
diff --git a/reuters/training/3095 b/reuters/training/3095
new file mode 100644
index 0000000000000000000000000000000000000000..5b6199727a21216b62bc34a5add130cb3c9df839
--- /dev/null
+++ b/reuters/training/3095
@@ -0,0 +1,14 @@
+USAIR <U> WINS COURT ORDER AGAINST TWA <TWA>
+  USAir Group Inc said a U.S. District
+  Court in Pittsburgh issued a temporary restraining order to
+  prevent Trans World Airlines Inc from buying additional USAir
+  shares.
+      USAir said the order was issued in response to its suit,
+  charging TWA chairman Carl Icahn and TWA violated federal laws
+  and made misleading statements.
+      TWA last week said it owned 15 pct of USAir's shares. It
+  also offered to buy the company for 52 dlrs a share cash or 1.4
+  billion dlrs.
+   More
+  
+
diff --git a/reuters/training/3096 b/reuters/training/3096
new file mode 100644
index 0000000000000000000000000000000000000000..abb686fd7ff6b994c361ae14f65882003e50c981
--- /dev/null
+++ b/reuters/training/3096
@@ -0,0 +1,12 @@
+GREASE MONKEY <GMHC> GETS, REJECTS MERGER OFFER
+  Grease Monkey Holding Corp said it has
+  received and rejected an unsolicited merger offer from Jiffy
+  Lube International Inc <LUBE>.
+      The company said the proposal involved an exchange of
+  Grease Monkey common stock for a combination of Jiffy Lube
+  securities with an estimated current value substantially below
+  Grease Monkey's current market
+   price.
+      It said it will not disclosed details.
+  
+
diff --git a/reuters/training/3098 b/reuters/training/3098
new file mode 100644
index 0000000000000000000000000000000000000000..cbbab5dccb814ed5faf4de0ccd919e7f381b8e87
--- /dev/null
+++ b/reuters/training/3098
@@ -0,0 +1,11 @@
+U.S. RULING ON BRAZIL FCOJ MAY COME TOMORROW
+  A decision on final dumping duties on
+  frozen orange juice from Brazil may not be issued until
+  tomorrow, Commerce Department officials said.
+      They said the department has until midnight tonight to set
+  the duty but may not make the finding public until tomorrow.
+      A preliminary duty of 8.54 pct was set October 17, 1986.
+      The final ruling will be based on more detailed
+  information, the officials said.
+  
+
diff --git a/reuters/training/310 b/reuters/training/310
new file mode 100644
index 0000000000000000000000000000000000000000..74b94089f22207a8a4c0deaa796aa0aad5604aae
--- /dev/null
+++ b/reuters/training/310
@@ -0,0 +1,13 @@
+THAILAND ANNOUNCES THIRD TAPIOCA QUOTA FOR EC
+  Thailand's Commerce Ministry announced a
+  new tapioca export quota of 737,987 tonnes for the European
+  Community against 762,860 tonnes for the previous allocation.
+      The ministry said the fresh allocation, for the February
+  27-July 7 shipment period, is the third under a maximum 5.5 mln
+  tonne overall quota that Thailand obtained from the EC for
+  calendar 1987.
+      It said the quota allocation was based on a national
+  tapioca pellet stock of 4.34 mln tonnes surveyed last week, up
+  from 3.05 mln in mid-January.
+  
+
diff --git a/reuters/training/3100 b/reuters/training/3100
new file mode 100644
index 0000000000000000000000000000000000000000..5f7aacfbcee68628aec3c17b8c13faff9d421cbd
--- /dev/null
+++ b/reuters/training/3100
@@ -0,0 +1,15 @@
+CHRYSLER <C> IN DEAL TO BUY AMC <AMO>
+  Chrysler Corp said it agreed in
+  principle with French state-owned Renault to acquire American
+  Motors Corp., in which Renault is controlling shareholder,
+  under a deal in which AMC stockholders other than Renault would
+  receive Chrysler common stock with a market value of four dlrs
+  for each AMC common share they hold.
+      Chrysler said the letter of intent for the deal, which
+  needs government and AMC shareholder and board approval,
+  provides that AMC holders will receive not more than .0840 or
+  less than .0687 of a share of Chrysler common for each share of
+  AMC common they hold.
+   more
+  
+
diff --git a/reuters/training/3103 b/reuters/training/3103
new file mode 100644
index 0000000000000000000000000000000000000000..8d5428243db4a40b23735821d657fe8cb09abc85
--- /dev/null
+++ b/reuters/training/3103
@@ -0,0 +1,18 @@
+BARCLAYS, MIDLAND FOLLOW NATWEST BASE RATE CUT
+  Barclays Bank Plc <BCS.L> and Midland
+  Bank Plc <MDBL.L> said they are cutting their base lending
+  rates to 10.5 pct from 11 pct. The cuts follow a similar move
+  by National Westminster Bank Plc <NWBL.L>
+      The rate changes take effect tomorrow.
+      The base rate reductions came after the Bank of England cut
+  its dealing rates this morning in a signal to the money markets
+  that it would not resist a half percentage point drop in bank
+  base lending rates, market sources said.
+      Until the end of last week, the central was holding out
+  staunchly against market pressures for lower rates in an
+  apparent effort to preserve the expected rate cuts for around
+  the time of the government's annual Budget on March 17.
+      Sterling remained firm around 1.59 dlrs compared with its
+  close here on Friday at 1.5865 dlrs.
+  
+
diff --git a/reuters/training/3104 b/reuters/training/3104
new file mode 100644
index 0000000000000000000000000000000000000000..b3d8291e6e3fa918b73423b48f5587eac1c8db50
--- /dev/null
+++ b/reuters/training/3104
@@ -0,0 +1,19 @@
+U.S. MINT SEEKING 4,784,000 LBS ZINC
+  The U.S. Mint said it is seeking
+  offers on 4,784,000 lbs of special high-grade zinc that it
+  intends to purchase.
+      It said selling offers will be due at 1100 hrs EST, March
+  24.
+      The Mint said two increments of 1,300,000 lbs each are for
+  delivery the weeks of April 13 and april 20 to Ball Corp,
+  Greeneville, Tenn., and two increments of 1,092,000 lbs each
+  are to be delivered the weeks of April 20 and April 27 to
+  LaSalle Rolling Mills, LaSalle, Ill.
+      Firms, in submitting offers, may elect to receive payment
+  from the Mint by standard check or by wire transfer. Awards
+  will be based on whichever method is most cost advantageous to
+  the goverment at the time the awards are determined.
+      The offers will have a minimum acceptance period of 10
+  calendar days, the Mint said.
+  
+
diff --git a/reuters/training/3105 b/reuters/training/3105
new file mode 100644
index 0000000000000000000000000000000000000000..e15f0ffb211d606748001b7e7a85c6473af672f4
--- /dev/null
+++ b/reuters/training/3105
@@ -0,0 +1,12 @@
+CANADA BUILDING PERMITS RISE IN NOVEMBER
+  Led by the non-residential sector,
+  Canadian building permits issued in November rose 0.7 pct to
+  2.18 billion dlrs, seasonally adjusted, from 2.16 billion dlrs
+  in October, Statistics Canada said.
+      Residential permits fell 3.9 pct to 1.25 billion dlrs from
+  1.30 billion dlrs in October while the number of units approved
+  fell to 17,552 from 19,079 units.
+      The value of non-residential projects rose 7.6 pct to 927.6
+  mln dlrs in the month.
+  
+
diff --git a/reuters/training/3107 b/reuters/training/3107
new file mode 100644
index 0000000000000000000000000000000000000000..5642dfacbed742282869ebb797df570e3cf18a29
--- /dev/null
+++ b/reuters/training/3107
@@ -0,0 +1,14 @@
+DIXIE YARNS <DXYN> TO ACQUIRE TI-CARO INC
+  Dixie Yarns Inc and <TI-CARO
+  Inc> jointly said they signed a merger agreement calling for
+  Dixie to acquire all TI-CARO's stock in exchange for three mln
+  of Dixie's common.
+      The companies said the previously announced merger has been
+  approved by TI-CARO's board and is expected to close by early
+  April.
+      They said the revenues of the combined companies will be
+  over 600 mln dlrs, and Dixie said the merger will not dilute
+  its 1987 results. TI-CARO was taken private in 1984 in a
+  management led leveraged buy-out.
+  
+
diff --git a/reuters/training/3109 b/reuters/training/3109
new file mode 100644
index 0000000000000000000000000000000000000000..a4072da1debc6ea10f2c5b7488bc7cb623053bff
--- /dev/null
+++ b/reuters/training/3109
@@ -0,0 +1,11 @@
+U.S. HAS TO MIDNIGHT TO SET ORANGE JUICE DUTIES
+  A decision on final dumping duties on
+  frozen orange juice from Brazil may not be issued until
+  tomorrow, Commerce Department officials said.
+      They said the department has until midnight tonight to set
+  the duty, but may not make the finding public until tomorrow.
+      A preliminary duty of 8.54 pct was set last Oct. 17.
+      The final duty will be based on more detailed information,
+  the officials said.
+  
+
diff --git a/reuters/training/311 b/reuters/training/311
new file mode 100644
index 0000000000000000000000000000000000000000..40bc8b682ceeb06e43ecbc34b9affd0b6e1152d9
--- /dev/null
+++ b/reuters/training/311
@@ -0,0 +1,86 @@
+ATPC MEMBERS FIND WAYS TO CURB TIN EXPORTS
+  Mine and industry officials from
+  most member states of the Association of Tin Producing
+  Countries (ATPC) say they have found ways to limit group
+  exports to 96,000 tonnes in the year started March 1, according
+  to views polled by Reuter correspondents.
+      The plan to curb exports, agreed in January, is aimed at
+  cutting the world surplus to 50,000 tonnes from 70,000 now and
+  boosting prices to about 19 ringgit a kilo from just over 16.
+      Members of the seven-member Kuala Lumpur-based ATPC account
+  for some 65 pct of the world's tin output.
+      Under the ATPC plan, Malaysia has been allocated an export
+  quota of 28,526 tonnes, Indonesia 24,516, Thailand 19,000,
+  Bolivia 13,761, Zaire 1,736 and Nigeria 1,461.
+      Australia has said it is not setting any export quota.
+  However, the tonnage allocated to it, 7,000 tonnes, is roughly
+  equal to its expected output this year.
+      Comment from officials in Zaire was unavailable.
+      Mine officials in Malaysia, the world's leading producer,
+  said only 188 mines will be allowed to operate to ensure that
+  output is limited to around 31,500 tonnes in the year started
+  March 1.
+      Chief Inspector of Mines Redzuan Sumun told Reuters that
+  excess output of some 3,000 tonnes after exports of 28,500 in
+  the one-year quota period would be kept in the national stock.
+      Mine owners in Malaysia have welcomed the ATPC export curb
+  and asked the government not to issue new mining licences. More
+  than 100 applications for licences are pending.
+      Redzuan said the Mines Department would approve new mining
+  licences only if a six-month review of production trends showed
+  that local mines were not overproducing.
+      ATPC chairman and Indonesia's Mining and Energy Minister
+  Subroto has pledged his country's support for the export curb.
+      A spokesman for the state-owned tin mining company PT
+  Tambang Timah told Reuters it would be easy for Indonesia to
+  stick to an export quota of 24,516 tonnes because this was
+  close to exports in calendar 1986 of 24,636.
+      In Bangkok, Thai Industry Minister Pramual Sabhavasu said
+  Thailand would keep to its 19,000 tonne quota and added this
+  would not cause the local industry hardship at current prices.
+      To insure adherence, the industry ministry and sole tin
+  exporter Thailand Smelting and Refining Co would encourage
+  bigger stockpiles, and income tax exemptions would be
+  permitted, he said.
+      The Thai Mineral Resources Department is expected to
+  disallow new tin mines opening this year to prevent excessive
+  production, industry sources said.
+      But Mining Industry Council President Dam Teutong told
+  Reuters that if the tin price rose above 18 ringgit a kilo,
+  Thai miners would press for the opening of more new mines.
+      Thailand exported 18,367 tonnes in 1986, up from 17,359 in
+  1985, Pramual said.
+      Bolivia said it expects to export less tin this year than
+  its allocated 13,761 tonne quota.
+      Mining Minister Jaimie Villalobos told Reuters in La Paz
+  that Bolivia expected to export about 9,000 tonnes of tin in
+  calendar 1987.
+      He said this was due to the sacking after the tin crisis of
+  October 1985 of about 20,000 of the 28,000 workers at the state
+  mining company Comibol, which produces more than 80 pct of
+  Bolivia's total exports.
+      He said there were risks in the ATPC plan to cut exports
+  but added he was confident the goals set by the plan would be
+  achieved. He did not elaborate.
+      Mines, Power and Steel Minister Bunu Sheriff Musa said in
+  Lagos that Nigeria would have no difficulty keeping within its
+  ATPC quota of 1,461 tonnes because its metals output had
+  declined due to poor demand and high production costs.
+      Industry sources told Reuters that Nigeria's output was
+  less than 1,000 tonnes last year.
+      ATPC officials said they would monitor member countries'
+  export figures every three months using customs documents and
+  make projections from such data to see if quotas were likely to
+  be breached within the year-long quota period.
+      The ATPC officials said members that appeared likely to
+  breach their quotas would be told to take remedial measures.
+      They added that if member countries were unable to fulfil
+  their quotas their extra tonnage would be reallocated to other
+  members at the ATPC's discretion.
+      The ATPC would have produced and exported an estimated
+  106,000 tonnes of tin in 1987 without the plan.
+      Non-members Brazil and China have pledged to cooperate with
+  the ATPC and limit their exports to 21,000 and 7,000 tonnes
+  respectively during the quota period.
+  
+
diff --git a/reuters/training/3110 b/reuters/training/3110
new file mode 100644
index 0000000000000000000000000000000000000000..8728423428430a5f298e82ee33366fe1f14091b7
--- /dev/null
+++ b/reuters/training/3110
@@ -0,0 +1,22 @@
+GALE FORCE WINDS BUFFET GREAT LAKES
+  The National Weather Service said
+  warnings of gale force winds remained in effect over lakes
+  Erie, Huron and Michigan.
+      Also, warnings have been posted for large waves and beach
+  erosion along the shores of the Lakes. Winds gusting to 45 mph
+  caused four to six foot waves along the western and southern
+  shores of Lake Michigan during the morning.
+      Advisories for low wind chill temperatures have also been
+  posted across portions of upper Michigan and northern lower
+  Michigan. Early morning gusty winds brought the wind chill to
+  15 and 25 degrees below zero.
+      Freezing rain was scattered over central Colorado by mid
+  morning, also over central Kansas and northeast Illinois.
+      Snow reached from south central Montana across Wyoming,
+  western Nebraska and western Kansas. Snow also extended across
+  northern Wisconsin, upper Michigan and northern lower Michigan.
+      Rain reached along the northern Pacific Coast, across
+  northwest Utah, Maryland, Deleware, Virginia, the Carolinas,
+  Georgia and northern Alabama.
+  
+
diff --git a/reuters/training/3111 b/reuters/training/3111
new file mode 100644
index 0000000000000000000000000000000000000000..b3e159dc1369a34edc93fe1ff82ae402b637ae6e
--- /dev/null
+++ b/reuters/training/3111
@@ -0,0 +1,55 @@
+U.K. ISSUES ONE BILLION STG BOND TRANCHE
+  The Bank of England said it was taking
+  onto its books a further one billion stg tranche of 8-3/4 pct
+  Treasury Loan stock due 1997, payable 40 stg pct on
+  application. The stock was issued to the Bank at 96.50 stg pct
+  and will be available for dealings from March 11, with the
+  remainder of the amount payable on May 5. The Bank said the
+  bonds would yield 9.28 pct at the issue price and would be free
+  of tax to residents overseas. The issue would be designated
+  8-3/4 pct Treasury Loan 1997 "B."  A further 100 mln stg was
+  reserved for the National Debt Commissioners.
+      The market dropped by up to 1/2 point following the Bank's
+  announcement, with the Treasury 13-1/2 pct stock due 2004/08
+  quoted one full point lower at 134-12/32 stg pct around 20
+  minutes after the news.
+      Dealers said the announcement had to be viewed against the
+  backdrop of intense pressure for lower U.K. Interest rates
+  which had built up over the past two weeks as a result of
+  sterling's strength.
+      The Bank this morning finally signalled it was prepared to
+  see lower rates and U.K. Clearing banks this afternoon
+  announced cuts in their base lending rates to 10.5 pct from 11
+  pct.
+      The Bank had initially been reluctant to countenance a rate
+  cut because, dealers said, the authorities had wished to delay
+  a reduction until around the time of the U.K. Budget on March
+  17, thereby preserving the full impact of Chancellor of the
+  Exchequer Nigel Lawson's package of measures.
+      However, in the face of sterling's apparently inexorable
+  climb, the authorities today decided to cede to pressure and
+  allow a half-point cut.
+      Today's one billion stg tap issue was viewed by the market
+  as a move by the Bank to eradicate hopes for a further early
+  rate cut which might arise as a result of strong sterling.
+      Most market participants believe that Lawson will now
+  foster a further half point interest rate reduction at the time
+  of the budget, although one or two said they would not be
+  surprised to see a full point decline at this stage.
+      Dealers noted that as part of the authorities' attempts
+  last week to ease pressure for lower rates, the Bank had issued
+  a one billion stg tap stock with a view to subduing the
+  Government bond market.
+      To the surprise of most participants, the issue was sold
+  out within hours of becoming available for trading and the
+  market pushed on to register further sharp gains.
+      Dealers said that at this stage it seemed unlikely that the
+  issue announced today would be absorbed by the market as
+  rapidly as last week's.
+      However, they noted that although sterling had edged down
+  from its highs following the base rate cut, it had still closed
+  on a trade-weighted basis at 72.4, well ahead of Friday's final
+  71.8 and only just beneath the peak of 72.5 touched at 1300
+  GMT.
+  
+
diff --git a/reuters/training/3114 b/reuters/training/3114
new file mode 100644
index 0000000000000000000000000000000000000000..e57f0fce9c83eadbc9bd473276df0762304afc40
--- /dev/null
+++ b/reuters/training/3114
@@ -0,0 +1,5 @@
+AMC SAYS IT IS "STUDYING" CHRYSLER BUYOUT PROPOSAL AND WILL COMMENT WHEN "APPROPRIATE"
+
+  AMC SAYS IT IS "STUDYING" CHRYSLER BUYOUT PROPOSAL AND WILL COMMENT WHEN "APPROPRIATE"
+  
+
diff --git a/reuters/training/3115 b/reuters/training/3115
new file mode 100644
index 0000000000000000000000000000000000000000..7f91a02c669510df53199b313d18940dacfd2787
--- /dev/null
+++ b/reuters/training/3115
@@ -0,0 +1,54 @@
+PETRO-CANADA TO DRILL TWO TERRA NOVA TEST WELLS
+  Petro-Canada, Canada's
+  state-owned oil company, said it will drill two delineation
+  wells this summer at the Terra Nova oil field offshore
+  Newfoundland.
+      Evaluation of test results and preliminary engineering work
+  should put Petro-Canada in a position to propose a development
+  plan for the Terra Nova field in 1988, the company said.
+      Depending on time required for regulatory approvals,
+  construction could begin in 1989, with first oil production as
+  early as 1991, Petro-Canada said.
+      "We have a high degree of confidence that the western
+  portion of the (Terra Nova) field contains at least 11 mln
+  cubic meters of recoverable oil, or more than 70 mln barrels,
+  and that we could produce it economicly using a floating
+  production system," Petro-Canada said.
+      The Terra-Nova field, lying 350 kilometers east of St.
+  John's and 35 kilometers southeast of Hibernia field, was
+  discovered by Petro-Canada in 1984.
+      "We've had encouraging results from the eastern portion of
+  the field, and we hope this summer's drilling will prove up
+  additional reserves there," the company said.
+      Petro-Canada believes Terra Nova field is a good commercial
+  prospect and the company wants to move some of those resources
+  towards development so it can start generating a return on
+  investments, Petro-Canada said.
+      Petro-Canada, which will act as operator of the two wells,
+  has a 75 pct interest in the western portion of Graven block of
+  the Terra Nova field and a 26 pct interest in the field's East
+  Flank block, a company spokesman said later. Other field
+  participants include Canterra Energy Ltd, Mobil Oil Canada Ltd,
+  Gulf Canada Resources Inc, ICG Resources Ltd, Trillium
+  Exploration Corp and general partnership PAREX.
+      Petro-Canada estimates reserves in the Terra Nova field's
+  Graven block of between 68 mln and 70 mln barrels of oil,
+  company spokesman Bob Foulkes said from Petro-Canada's Calgary
+  office.
+      Combined reserves for Graven Block and the field's East
+  Flank block are estimated between 70 mln and 130 mln barrels,
+  he added.
+      Petro-Canada expects to spend about 500 mln Canadian dlrs
+  to bring the field to production by about 1991, and the
+  development budget could double if the company builds a
+  production system combining both blocks in the field, he said.
+      Petro-Canada estimates the Terra Nova field Graven block
+  would produce between 25,000 and 26,000 barrels average daily
+  production, with a production system that would have maximum
+  capacity of 40,000 bpd, company spokesman Foulkes said in
+  answer to a query.
+      The company estimates a production system combining both
+  Graven and East Flank blocks in the Terra Nova field could
+  produce about 45,000 bpd average daily production, he said.
+  
+
diff --git a/reuters/training/3117 b/reuters/training/3117
new file mode 100644
index 0000000000000000000000000000000000000000..23149a5a0a74f988a110675d24020d36b4f0320e
--- /dev/null
+++ b/reuters/training/3117
@@ -0,0 +1,37 @@
+CHARAN SEES AT LEAST 50 PCT RISE IN 1987 PROFIT
+  (Charan Industries Inc), a distributor
+  of toys and other consumer products, expects 1987 net profit to
+  rise at least 50 pct over last year's 6.1 mln dlrs, president
+  Earl Takefman told reporters before the annual meeting.
+      "We grew basically 100 pct last year, I'm not sure we're
+  going to be able to grow 100 pct again this year but we
+  certainly will grow at least 50 pct over last year," Takefman
+  said.
+      Charan reported profit of 3.0 mln dlrs in 1985.
+      Takefman said he expects sales to rise to about 100 mln
+  dlrs this year from 57.3 mln dlrs in 1986.
+      Fiscal 1985 ended September 30, while fiscal 1986 ended
+  November 30.
+      Takefman said the company is actively looking for
+  acquisitions in the consumer products industry, likely in
+  Canada.
+      The company said it expects to resolve delivery problems
+  this year which last year hindered the growth of its toy
+  distribution business, which accounts for about one-third of
+  revenues.
+      Charan is the exclusive distributor in Canada for <Worlds
+  of Wonder> toys, which include the Teddy Ruxpin voice-activated
+  talking plush bear.
+      Takefman said new products this year, which will be on the
+  shelves for Christmas, include a smaller version of Teddy
+  Ruxpin, a talking Mickey Mouse toy, dancing plush toys, a doll
+  with a voice activated by sound, touch, light and heat, and
+  talking books.
+      The company is also marketing an extended line of "laser
+  tag" kits, which shoot rays of light and tell you when you've
+  hit someone.
+      Other products include a recorder device which allows
+  students to leave taped messages in each others' school
+  lockers, retailing for about 60 dlrs.
+  
+
diff --git a/reuters/training/3118 b/reuters/training/3118
new file mode 100644
index 0000000000000000000000000000000000000000..07727197efc3ae30e88ec9b97635bcfb4b01e58d
--- /dev/null
+++ b/reuters/training/3118
@@ -0,0 +1,13 @@
+MAYFAIR SUPER MARKETS <MYFRA> SALES INCREASED
+  Mayfair Super Markets said its
+  sales for the second qtr ended Feb 28 were 122.0 mln dlrs, an
+  increase of more than 15 pct compared to sales of 105.9 mln
+  dlrs in the comparable quarter last year.
+      The company said sales for the first six months of the year
+  were 242.0 mln dlrs, more than 15 pct above the 210.1 mln dlrs
+  reported in the same period last year.
+      This was the 12th consecutive quarterly gain, the company
+  said.  The company said it expects to release earnings in
+  April.
+  
+
diff --git a/reuters/training/312 b/reuters/training/312
new file mode 100644
index 0000000000000000000000000000000000000000..f52587b5c9e0de5da5146a018dfd63ad12056c58
--- /dev/null
+++ b/reuters/training/312
@@ -0,0 +1,14 @@
+SOUTH KOREA TO HOLD CURRENT ACCOUNT SURPLUS DOWN
+  South Korea plans to take steps to keep
+  its 1987 current account surplus below five billion dlrs,
+  Economic Planning Board Minister Kim Mahn-je said.
+      Kim told reporters the government would repay loans ahead
+  of schedule and encourage firms to increase imports and
+  investment abroad to prevent the current account surplus from
+  rising too quickly.
+      Last year South Korea's current account surplus was 4.65
+  billion dlrs. It widened to 622 mln dlrs in January from 484
+  mln in December and compared with a deficit of 334 mln in
+  January 1986, Bank of Korea figures show.
+  
+
diff --git a/reuters/training/3120 b/reuters/training/3120
new file mode 100644
index 0000000000000000000000000000000000000000..c4dd75398f36e122b3cedb3547fbaee30a206f8d
--- /dev/null
+++ b/reuters/training/3120
@@ -0,0 +1,11 @@
+PPG INDUSTRIES <PPG> SELLS ETHYLENE INTERESTS
+  PPG Industries Inc said a group of
+  investors led by <Sterling Group> of Houston said it has agreed
+  to acquire PPG's ethylene products business, including its
+  inteest in an ethylene glycols joint venture with du Pont Co
+  <DD> in Beaumont, Texas, for undisclosed terms.
+      The company said completion is expected in the second
+  quarter.
+      It said the business had sales of over 50 mln dlrs in 1986.
+  
+
diff --git a/reuters/training/3121 b/reuters/training/3121
new file mode 100644
index 0000000000000000000000000000000000000000..f91226e165b74c087321db46a5a09d0ae613ab04
--- /dev/null
+++ b/reuters/training/3121
@@ -0,0 +1,12 @@
+FED EXPECTED TO ADD TEMPORARY RESERVES
+  The Federal Reserve is expected to
+  intervene in the government securities market to add temporary
+  reserves via customer repurchase agreements, economists said.
+      Most economists said the Fed will add 1.5 to two billion
+  dlrs of temporary reserves via customer repurchase agreements,
+  but some said there is a slim chance the Fed will inject
+  permanent reserves via three-day system repurchase agreements.
+      Federal funds opened at 6-1/16 pct and firmed to 6-1/8 pct
+  in early trading. Funds averaged six pct on Friday.
+  
+
diff --git a/reuters/training/3122 b/reuters/training/3122
new file mode 100644
index 0000000000000000000000000000000000000000..8d5428243db4a40b23735821d657fe8cb09abc85
--- /dev/null
+++ b/reuters/training/3122
@@ -0,0 +1,18 @@
+BARCLAYS, MIDLAND FOLLOW NATWEST BASE RATE CUT
+  Barclays Bank Plc <BCS.L> and Midland
+  Bank Plc <MDBL.L> said they are cutting their base lending
+  rates to 10.5 pct from 11 pct. The cuts follow a similar move
+  by National Westminster Bank Plc <NWBL.L>
+      The rate changes take effect tomorrow.
+      The base rate reductions came after the Bank of England cut
+  its dealing rates this morning in a signal to the money markets
+  that it would not resist a half percentage point drop in bank
+  base lending rates, market sources said.
+      Until the end of last week, the central was holding out
+  staunchly against market pressures for lower rates in an
+  apparent effort to preserve the expected rate cuts for around
+  the time of the government's annual Budget on March 17.
+      Sterling remained firm around 1.59 dlrs compared with its
+  close here on Friday at 1.5865 dlrs.
+  
+
diff --git a/reuters/training/3125 b/reuters/training/3125
new file mode 100644
index 0000000000000000000000000000000000000000..9065badd01acf9b8edc24f4ce3d7aab7a8fba890
--- /dev/null
+++ b/reuters/training/3125
@@ -0,0 +1,5 @@
+UNITED AUTO WORKERS UNION SAYS IT SUPPORTS CHRYSLER-AMC MERGER
+
+  UNITED AUTO WORKERS UNION SAYS IT SUPPORTS CHRYSLER-AMC MERGER
+  
+
diff --git a/reuters/training/3128 b/reuters/training/3128
new file mode 100644
index 0000000000000000000000000000000000000000..8e256bbb9e35805df2a331293e529311fe80de79
--- /dev/null
+++ b/reuters/training/3128
@@ -0,0 +1,15 @@
+LLOYDS BANK MATCHES BASE RATE CUT TO 10.5 PCT
+  Lloyds Bank Plc <LLOY.L> said it is
+  cutting its base lending rate to 10.5 pct from 11 pct,
+  effective tomorrow.
+      The reduction follows similar moves from the three other
+  British clearing banks.
+      National Westminster Bank Plc <NWBL.L> led the way this
+  morning after the Bank of England lowered its dealing rates in
+  a signal that it would tolerate a half percentage point
+  reduction.
+      The central bank's surprise signal followed its strenuous
+  efforts last week to prevent market forces from bringing down
+  base rates before the U.K. Budget on March 17.
+  
+
diff --git a/reuters/training/3129 b/reuters/training/3129
new file mode 100644
index 0000000000000000000000000000000000000000..b227835e2cec030e07a9103ea8ac6379278c348b
--- /dev/null
+++ b/reuters/training/3129
@@ -0,0 +1,14 @@
+NORCROS BREAKS OFF MERGER TALKS WITH WILLIAMS
+  Norcros <NCRO.L> Plc said it has no
+  intention of proceeding any further with talks on Williams
+  Holdings Plc's suggestion that there would be benefits arising
+  from a merger between the two groups.
+      Norcros said any such benefits could be achieved through
+  normal trading and did not warrant a closer formal association.
+      Norcros shares firmed 30p to 342p after the news on
+  investor speculation of a possible hostile bid from Williams,
+  dealers said. Williams rose 2p to 742.
+      Williams earlier informed Norcros that it holds some
+  2,890,000 of its ordinary shares or 2.2 pct of those issued.
+  
+
diff --git a/reuters/training/313 b/reuters/training/313
new file mode 100644
index 0000000000000000000000000000000000000000..69a1d10840f2a24bcb5f695b397a7c750e332ab3
--- /dev/null
+++ b/reuters/training/313
@@ -0,0 +1,35 @@
+DUTCH OILSEEDS/FATS IMPORTS ROSE IN 1986
+  and oil-bearing
+  raw materials, fats and oils rose to 2.16 mln tonnes on a
+  fat/oil basis in 1986 from 2.12 mln tonnes in 1985, the
+  Commodity Board for Margarine, Fats and Oils said.
+      Exports of the same commodities fell to 1.35 mln tonnes
+  from 1.38 mln on a fat-oil basis.
+      Fat- and oil-bearing raw materials imports rose to 760,000
+  from 709,200 tonnes on a fat/oil basis and to 3.47 mln tonnes
+  actual weight from 3.32 mln.
+      Soyabeans were the main component, with imports rising to
+  2.82 mln tonnes actual weight from 2.75 mln. Sunflowerseed
+  imports fell to 308,200 from 342,900 tonnes while rapeseed
+  imports rose to 292,000 from 201,400 tonnes.
+      Exports of fat- and oil-bearing raw materials rose to
+  28,700 tonnes from 19,800 on a fat/oil basis and to 137,200
+  from 89,900 tonnes actual weight.
+      Soyabean exports rose to 119,400 tonnes actual weight from
+  73,200 tonnes.
+      Imports of vegetable fats, including palm oil, rose to
+  445,400 tonnes from 362,500 and exports to 151,500 from
+  139,800.
+      Vegetable oil imports fell to 227,500 tonnes in 1986 from
+  286,300 in 1985, and exports to 661,400 from 683,400 tonnes.
+      Soyabean oil imports were 32,000 (48,200), sunflower oil
+  61,600 (92,800), rape oil 82,900 (94,900) and groundnut oil
+  9,300 (12,200). Exports of soybean oil were 325,900 (338,800),
+  sun oil 172,100 (189,800), rape oil 114,300 (103,400) and
+  groundnut oil 7,000 (10,400).
+      Animal fat imports rose to 371,700 from 345,800 tonnes and
+  exports to 124,100 tonnes from 113,000. Fishoil imports fell to
+  190,600 from 265,600 and exports to 56,500 from 85,500 tonnes.
+   reuter...
+  
+
diff --git a/reuters/training/3131 b/reuters/training/3131
new file mode 100644
index 0000000000000000000000000000000000000000..8e256bbb9e35805df2a331293e529311fe80de79
--- /dev/null
+++ b/reuters/training/3131
@@ -0,0 +1,15 @@
+LLOYDS BANK MATCHES BASE RATE CUT TO 10.5 PCT
+  Lloyds Bank Plc <LLOY.L> said it is
+  cutting its base lending rate to 10.5 pct from 11 pct,
+  effective tomorrow.
+      The reduction follows similar moves from the three other
+  British clearing banks.
+      National Westminster Bank Plc <NWBL.L> led the way this
+  morning after the Bank of England lowered its dealing rates in
+  a signal that it would tolerate a half percentage point
+  reduction.
+      The central bank's surprise signal followed its strenuous
+  efforts last week to prevent market forces from bringing down
+  base rates before the U.K. Budget on March 17.
+  
+
diff --git a/reuters/training/3132 b/reuters/training/3132
new file mode 100644
index 0000000000000000000000000000000000000000..b1117c938c547abc9fa36191d19ba57167fc0415
--- /dev/null
+++ b/reuters/training/3132
@@ -0,0 +1,13 @@
+LESS GRAIN FLOWS INTO WEST GERMAN INTERVENTION
+  The West German Intervention Board said
+  it accepted 962,192 tonnes of grain from the start of the
+  current agricultural year to the end of last month, compared
+  with 1.8 mln tonnes during the July/February period in 1985/86.
+      It said it accepted 336,097 tonnes of bread wheat (nil in
+  the year-earlier period), 16,818 (nil) tonnes of high quality
+  wheat, 33,623 (523,625) tonnes of feed wheat, 3,426 (168,682)
+  tonnes of rye, 88,494 (32,766) tonnes of high quality rye,
+  2,313 (105,005) tonnes of summer barley and 481,421 (972,794)
+  tonnes of winter barley.
+  
+
diff --git a/reuters/training/3133 b/reuters/training/3133
new file mode 100644
index 0000000000000000000000000000000000000000..ad63795b7e5e88904bd8424a0223d5641343f050
--- /dev/null
+++ b/reuters/training/3133
@@ -0,0 +1,13 @@
+LLOYDS BANK MATCHES BASE RATE CUT TO 10.5 PCT
+  Lloyds Bank Plc said it is cutting its
+  base lending rate to 10.5 pct from 11 pct, effective tomorrow.
+      The reduction follows similar moves from the three other
+  British clearing banks.
+      National Westminster Bank Plc led the way this morning
+  after the Bank of England lowered its dealing rates in a signal
+  that it would tolerate a half percentage point reduction.
+      The central bank's surprise signal followed its strenuous
+  efforts last week to prevent market forces from bringing down
+  base rates before the U.K. Budget on March 17.
+  
+
diff --git a/reuters/training/3134 b/reuters/training/3134
new file mode 100644
index 0000000000000000000000000000000000000000..bba9fc734501b472b717219370632bf7c161658c
--- /dev/null
+++ b/reuters/training/3134
@@ -0,0 +1,5 @@
+FRENCH 13-WEEK T-BILL AVERAGE RATE FALLS TO 7.37 PCT FROM 7.69 PCT - OFFICIAL
+
+  FRENCH 13-WEEK T-BILL AVERAGE RATE FALLS TO 7.37 PCT FROM 7.69 PCT - OFFICIAL
+  
+
diff --git a/reuters/training/3135 b/reuters/training/3135
new file mode 100644
index 0000000000000000000000000000000000000000..f2341dd64d14d0f87820e7f373275daf4eb57b80
--- /dev/null
+++ b/reuters/training/3135
@@ -0,0 +1,25 @@
+LITTLE MOVEMENT ON HAMBURG FISHMEAL MARKET
+  The Hamburg fishmeal market saw little
+  movement in the past week with demand slack as in other protein
+  feed sectors, trade sources said.
+      Prices edged up on firmer origin offering levels and the
+  stronger dollar. Sellers quoted 64 pct fishmeal at between 640
+  and 650 marks per tonne free on truck for spot and between 630
+  and 640 marks for April/Dec.
+      International demand was also slow but some inquiries from
+  Far Eastern buyers were noted in South American producer
+  countries, the sources said.
+      Chile is said to have good catches in northern and southern
+  fishing grounds, with offers unchanged at 330 dlrs per tonne c
+  and f North German ports.
+      Peru's catches differ regionally and stocks are low.
+  Sellers quoted a nominal offering level of 320 dlrs per tonne c
+  and f north German ports. Ecuador was not in the market and
+  catches are said to be poor.
+      Denmark has seasonally low catches, with 72 pct meal
+  offered at 315 crowns per 100 kilos cif North European ports
+  for April/Oct deliveries. Iceland has good catches and sellers
+  quoted a price of 5.45 dlrs per percentage point protein cif
+  North European ports. Norway was not in the market.
+  
+
diff --git a/reuters/training/3137 b/reuters/training/3137
new file mode 100644
index 0000000000000000000000000000000000000000..9762a42d4111b3014d931f5731695458369f27a0
--- /dev/null
+++ b/reuters/training/3137
@@ -0,0 +1,37 @@
+UK MONEY RATES FALL AS BANK APPROVES BASE RATE CUT
+  A half point cut in base lending rates
+  was announced by the big four clearing banks today after the
+  Bank of England finally endorsed such a move following weeks of
+  downward pressure, dealers said.
+      During its routine intervention in the market, the bank
+  trimmed the rates at which it deals with the discount houses by
+  half a point and National Westminster led the other clearing
+  banks in reducing its base rate to 10-1/2 pct from 11 pct.
+      The timing of the Bank of England move took operators by
+  surprise after its recent action seemingly designed to dampen
+  hopes of a base rate cut ahead of the U.K. Budget on March 17.
+         For some time, fundamentals have
+  led the market to push for a one point cut in base lending
+  rates to 10 pct but the central bank has declined to follow
+  wholesale money market rates down.
+      Although political considerations -- the government's wish
+  to see a fall in base rates coincide with the Budget -- had
+  been suggested by operators last week as reasons for the Bank's
+  delaying action, worries about the real strength of sterling
+  and perhaps about the market's reaction to the content of the
+  Budget may have been behind the central bank's caution, dealers
+  said.
+      In the event, sterling continued firm after the rate cut,
+  leaving the market still looking for another half point fall.
+      Consequently, rates in the money market eased during the
+  day, one-month interbank sterling shedding 5/16 point to
+  10-9/16 7/16 and three-months trading 1/16 point down at
+  10-5/16 3/16 pct. Sterling cd's were similarly down between
+  5/16 point in one month and 1/8 point in one year.
+      Overnight interbank money for tomorrow was indicated at
+  around 11 pct, almost a point below the levels ruling at the
+  end of last week. Today, overnight touched a high of some
+  11-3/4 pct after the Bank took out 228 mln stg of an estimated
+  300 mln stg shortage.
+  
+
diff --git a/reuters/training/3138 b/reuters/training/3138
new file mode 100644
index 0000000000000000000000000000000000000000..e29655c1e2f04a48cba57fe38ceb3c23c6956cc2
--- /dev/null
+++ b/reuters/training/3138
@@ -0,0 +1,13 @@
+GRAIN CERTIFICATE REDEMPTIONS PUT AT 240 MLN BU
+  Over 240 mln bushels of government
+  grain have been allocated in redemptions for commodity
+  certificates since the program began April 30, according to the
+  Commodity Credit Corporation.
+      Redemptions included 11.4 mln bushels of corn valued at
+  17.0 mln dlrs, or an average per-bushel price of 1.492 dlrs,
+  since the current grain catalogs were issued December 1 by CCC.
+      Wheat redemptions totaled 9.6 mln bushels, valued at 23.7
+  mln dlrs, since December 1.
+   More
+  
+
diff --git a/reuters/training/3139 b/reuters/training/3139
new file mode 100644
index 0000000000000000000000000000000000000000..638a07473c71015e41906ac8c93d6c27b3e9300d
--- /dev/null
+++ b/reuters/training/3139
@@ -0,0 +1,11 @@
+AMC <AMO> STUDYING CHRYSLER <C> PROPOSAL
+  American Motors Corp said it
+  is studying a proposed merger with Chrysler Corp.
+      American Motors said it received a letter from Chrysler
+  Corp "advising us of their proposal to enter into a merger
+  transaction with American Motors Corp."
+      In a brief statement, the company said, "We are studying
+  the proposal. We will have further comment when it is
+  appropriate."
+  
+
diff --git a/reuters/training/314 b/reuters/training/314
new file mode 100644
index 0000000000000000000000000000000000000000..0922a2ff89134a93eaeb9d2e1f6dcbcd44fb9955
--- /dev/null
+++ b/reuters/training/314
@@ -0,0 +1,13 @@
+CHINA'S HEILONGJIANG PROVINCE BOOSTS GOLD OUTPUT
+  Gold output in the northeast China
+  province of Heilongjiang rose 22.7 pct in 1986 from 1985's
+  level, the New China News Agency said. It gave no figures.
+      It said the province, China's second largest gold producer
+  after Shandong, plans to double gold output by 1990 from the
+  1986 level. China does not publish gold production figures.
+      However, industry sources estimate output at about 65
+  tonnes a year, with exports put between 11 and 31 tonnes.
+      China is selling more gold abroad to offset large trade
+  deficits in recent years, western diplomats said.
+  
+
diff --git a/reuters/training/3142 b/reuters/training/3142
new file mode 100644
index 0000000000000000000000000000000000000000..6d5ca4e2c1590482ad694bbc48cd235673a8944c
--- /dev/null
+++ b/reuters/training/3142
@@ -0,0 +1,22 @@
+WALL STREET STOCKS/AMERICAN EXPRESS <AXP>
+  American Express Co's stock fell
+  sharply, reflecting, in part, investors' disappointment that
+  the company did not make an announcement about its plans for
+  brokerage unit Shearson Lehman Brothers, traders said.
+      The company has said it is studying options for its
+  Shearson unit. Traders said many investors anticipated an
+  announcement this weekend that it would spin off Shearson
+  Lehman. Also, they said, a flurry of arbitrage related sell
+  programs that pounded the general market today accelerated the
+  selloff of American Express, a component of the Dow Industrial
+  Average. American Express fell 3-1/8 to 77-3/8.
+      "It was part programs and part that there was anticipation
+  of an announcement of a spinoff or something with Shearson this
+  weekend, and that announcement never happened," one trader
+  said.
+      In the last few minutes of trading on Friday, another
+  trader said, the stock jumped to close up 3-3/8, largely on
+  anticipation that the company would make a weekend
+  announcement.
+  
+
diff --git a/reuters/training/3145 b/reuters/training/3145
new file mode 100644
index 0000000000000000000000000000000000000000..efcb1808dee01b9caebe902a7a887ac3ad8d94d0
--- /dev/null
+++ b/reuters/training/3145
@@ -0,0 +1,13 @@
+RANGER <RGO> COMPLETES U.S. PROPERTY SALE
+  Ranger Oil Ltd said it
+  completed on March 2 the previously announced sale of its U.S.
+  oil and gas properties held by subsidiaries Ranger Oil Co and
+  Ranger Inc to Ampol Exploration Ltd, of Australia, for 18.5 mln
+  U.S. dlrs.
+      Ranger said that under the deal, it would retain a five pct
+  gross overriding royalty on its stake from blocks east cameron
+  65 and 82 in the Gulf of Mexico offshore Lousiana.
+      It said the sale did not include U.S. properties acquired
+  from <Berkeley Exploration and Production PLC> last December.
+  
+
diff --git a/reuters/training/3146 b/reuters/training/3146
new file mode 100644
index 0000000000000000000000000000000000000000..6b49cdd7e28e346dbb8c5328a74863b235184e5d
--- /dev/null
+++ b/reuters/training/3146
@@ -0,0 +1,5 @@
+AMOCO'S FIRST SOUTH CHINA SEA EXPLORATORY WELL FLOWS 2,240 BARRELS OF OIL DAILY
+
+  AMOCO'S FIRST SOUTH CHINA SEA EXPLORATORY WELL FLOWS 2,240 BARRELS OF OIL DAILY
+  
+
diff --git a/reuters/training/3149 b/reuters/training/3149
new file mode 100644
index 0000000000000000000000000000000000000000..3fa50fc3b7e0b3ae4266620adf85228ef4bb3e9f
--- /dev/null
+++ b/reuters/training/3149
@@ -0,0 +1,30 @@
+TRADERS SAY USDA MAY LOWER ORANGE CROP ESTIMATE
+  The U.S. Department of Agriculture will
+  probably decrease its estimate of the 1986/87 Florida orange
+  crop today to as low as 123 mln boxes from 129 mln boxes,
+  analysts and industry sources said.
+      The Department is scheduled to release the new estimate at
+  1500 hrs EST (2100 gmt) today.
+      Analysts said the market is anticipating a downward
+  revision and much of the bullish impact has been discounted.
+      The estimate, which the USDA has left unchanged since
+  October, should be affected this time by recent evidence of a
+  shortfall in the early and midseason crop now that those
+  harvests are complete. Analysts said based on earlier USDA
+  projections, the harvests should have been five to seven mln
+  boxes larger than they were.
+      "They are going to cut their estimate," said Bob Tate, an
+  FCOJ broker with Dean Witter Reynolds in Miami. "The only
+  question is whether they will admit the whole thing in this
+  estimate."
+      Tate said it is possible the USDA will lower its estimate
+  by a lesser amount, perhaps three mln boxes, and continue to
+  drop the estimate in subsequent reports as the crop picture
+  clarifies. The late season harvest, consisting mostly of
+  Valencia oranges, has not yet started, he noted.
+      "They'll temper it," said Judy Weissman, FCOJ analyst with
+  Shearson Lehman Bros. "The main drop will probably come in
+  July."
+      She expects today's estimate will be 126 mln boxes.
+  
+
diff --git a/reuters/training/315 b/reuters/training/315
new file mode 100644
index 0000000000000000000000000000000000000000..fbc324da151b113be544b3b712620e68d49d9a91
--- /dev/null
+++ b/reuters/training/315
@@ -0,0 +1,11 @@
+SALE TILNEY BUYS STAKE IN U.S. INSURANCE BROKER
+  <Sale Tilney Plc> said it has purchased
+  80 pct of the ordinary share capital of <B and R International
+  Inc.>, a U.S. Insurance broker, for 5.6 mln dlrs.
+      Sale is paying 3.6 mln dlrs in cash on completion, with the
+  balance plus interest to be paid in equal instalments over the
+  next six years.
+      B and R posted pretax profit of 855,000 dlrs in the year to
+  Dec 31, 1986 when it had net tangible assets of 563,000 dlrs.
+  
+
diff --git a/reuters/training/3152 b/reuters/training/3152
new file mode 100644
index 0000000000000000000000000000000000000000..53a0849e11a9a7c79581cfebb8c10925875eca60
--- /dev/null
+++ b/reuters/training/3152
@@ -0,0 +1,17 @@
+UAW SAYS IT BACK CHRYSLER <C>, AMC <AMO> MERGER
+  The United Auto Workers <UAW> union said
+  it supports Chrysler Corp's proposal to buy American Motors
+  Corp as creating "a good match that potentially points the way
+  to a more secure future for workers at both companies."
+      "We believe our members' interests can be well served
+  within the Chrysler family, and we are committed to making that
+  happen," UAW president Owen Bieber and vice president Marc
+  Stepp said in a statement.
+      "We believe Chrysler's purchase is a logical and sound step
+  for all concerned," the union said.
+      The UAW is negotiating with AMC over the carmaker's demand
+  for economic concessions covering workers at its Wisconsin
+  operations, without which AMC has said it would cease vehicle
+  production at its Kenosha, Wisconsin, assembly plant by 1989.
+  
+
diff --git a/reuters/training/3153 b/reuters/training/3153
new file mode 100644
index 0000000000000000000000000000000000000000..a3c51b75a67fe1ac88ea414fac16a32477b4ad5d
--- /dev/null
+++ b/reuters/training/3153
@@ -0,0 +1,13 @@
+TWA <TWA> DECLINES COMMENT ON USAIR <U>
+  A Transworld Airlines Inc official said
+  the airline has no comment on USAir Group Inc's planned buyout
+  of Piedmont Aviation Inc.
+      TWA, however, has pursued its application with the
+  Department of Transportation for a takeover of USAir, according
+  to Mark Buckstein, TWA general counsel and vice president. TWA
+  filed a revised application today, following the DOT's
+  rejection Friday of an incomplete application filed last week.
+      Earlier USAir said it agreed to buy Piedmont for 69 dlrs
+  cash per share.
+  
+
diff --git a/reuters/training/3154 b/reuters/training/3154
new file mode 100644
index 0000000000000000000000000000000000000000..3200995d4920f37b5ad2d5eefe4edd296dabf6fa
--- /dev/null
+++ b/reuters/training/3154
@@ -0,0 +1,14 @@
+MOODY'S MAY DOWNGRADE PIEDMONT AVIATION <PIE> 
+  Moody's Investors Service Inc said it
+  may downgrade 120 mln dlrs of debt of Piedmont Aviation Inc
+  because of the airline's agreement to be acquired by USAir
+  Group Inc <U>.
+      The rating agency said its review would focus on the effect
+  of the acquisition on Piedmont's financial leverage and its
+  debt-service requirements. Moody's said it is also examining
+  the potential use of the airline's borrowing capacity to
+  finance the merger.
+      Piedmont currently carries Baa-2 preferred stock and
+  Prime-2 commercial paper.
+  
+
diff --git a/reuters/training/3155 b/reuters/training/3155
new file mode 100644
index 0000000000000000000000000000000000000000..dca690e67bf4b4cb3b695bef868e152892537462
--- /dev/null
+++ b/reuters/training/3155
@@ -0,0 +1,43 @@
+RUBBER PRODUCERS, CONSUMERS START NEW PACT TALKS
+  The chairman of the conference on a new
+  International Natural Rubber Agreement (INRA), Manaspas Xuto of
+  Thailand, said it was imperative to try to settle the main
+  outstanding issues this week.
+      The INRA renegotiation conference, which resumed today
+  under the auspices of the United Nations Conference on Trade
+  and Development (UNCTAD), is scheduled to last until March 20.
+      Xuto told delegates this session of the conference
+  presented a promising opportunity to conclude a new pact but it
+  had to be the last before the current accord expires in
+  October.
+      Xuto said in his consultations with representatives of
+  major exporting and importing countries over the last few
+  months, "I have found a constructive attitude and willingness to
+  be flexible on the part of all concerned."
+      "It is imperative that we try to settle the major
+  outstanding issues in the course of this week, since a
+  considerable amount of technical drafting work will remain to
+  be completed." He said he will immediately start consultations
+  with producers and consumers.
+      The last October negotiations collapsed in disagreement
+  over buffer stock operations.
+      Consumer demands for tighter buffer stock controls, aimed
+  at preventing INRA from following the collapse of the
+  International Tin Agreement (ITA), were rejected by producers
+  who argued for unchanged INRA terms.
+      The tin pact failed when its buffer stock manager ran out
+  of funds to support prices.
+      Three previous rounds of talks between rubber producers and
+  consumers for a new five-year pact ended without agreement. The
+  INRA, originally due to expire in October 1985, was extended to
+  October 1987 to facilitate renegotiation.
+      Wong Kum Choon, head of the Malaysian delegation, said he
+  was cautiously optimistic "that together we should be able to
+  save INRA and prevent it from being scuttled."
+      Without INRA, he added, prices of natural rubber would
+  become more volatile.
+      Calling on delegates to show a sense of purpose and
+  reality, he said, "There is no reason why we could not put aside
+  differences and come up with a successor agreement."
+  
+
diff --git a/reuters/training/3157 b/reuters/training/3157
new file mode 100644
index 0000000000000000000000000000000000000000..61753525b1135fcf1c0283f0f96fe9520a42a3b1
--- /dev/null
+++ b/reuters/training/3157
@@ -0,0 +1,22 @@
+USAIR <U> AND UNIT REMAIN UNDER MOODY'S REVIEW
+  Moody's Investors Service Inc said the
+  212.75 mln dlrs of debt of USAir Group Inc and its USAir Inc
+  unit remain under review for possible downgrade.
+      The rating agency cited USAir Group's proposed acquisition
+  of Piedmont Aviation Inc <PIE>, as well as Trans World Airlines
+  Inc's <TWA> proposed cash merger with USAir.
+      However, the status of TWA's bid for USAir Group is
+  currently uncertain. The U.S. Transportation Department has
+  rejected TWA's application to acquire USAir on deficiency
+  grounds, but TWA has said it will file a revised application,
+  Moody's noted.
+      Under Moody's review for possible downgrade are USAir
+  Group's Baa-1 senior debt and Baa-2 subordinated debentures,
+  along with the USAir unit's A-3 senior debt and Baa-1
+  subordinated debentures.
+      Moody's said it would examine the effects of the proposed
+  mergers on USAir Group's financial measurements, as well as
+  potential damage to the company's financial flexibility because
+  of the probability of increased debt-service requirements.
+  
+
diff --git a/reuters/training/3159 b/reuters/training/3159
new file mode 100644
index 0000000000000000000000000000000000000000..7146b1183742a08c884be5ccf53a26afb8ad4f3a
--- /dev/null
+++ b/reuters/training/3159
@@ -0,0 +1,5 @@
+FED SETS 2.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+
+  FED SETS 2.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+  
+
diff --git a/reuters/training/3161 b/reuters/training/3161
new file mode 100644
index 0000000000000000000000000000000000000000..130666e27071a861fb8fa82bf4415e81d2ab48db
--- /dev/null
+++ b/reuters/training/3161
@@ -0,0 +1,26 @@
+BALLY <BLY> TO TAKE 17.3 MLN DLR 1ST QTR CHARGE
+  Bally Manufacturing Corp said it
+  expects a charge to earnings in the first quarter of this year
+  of 17.3 mln dlrs as a result of its deal to buy back 2.6 mln of
+  its common shares from real estate developer Donald Trump.
+      In a filing with the Securities and Exchange Commission,
+  the Chicago-based hotel, casino, gambling and amusement concern
+  also said the anticipated charge against first quarter earnings
+  will not be deductible for federal income tax purposes.
+      Under a February 21 deal, Bally agreed to buy 2.6 mln of
+  the 3.06 mln shares held by Trump at 24 dlrs a share, or 62.4
+  mln dlrs, while Trump agreed not to try to seek control of
+  Bally.
+      The agreement also calls for Bally to pay Trump another 6.2
+  mln dlrs for certain agreements, claims and expenses related to
+  his purchase of the Bally common stock, Bally said.
+      Trump agreed not to buy any more Bally stock or to try to
+  seek control of the company for 10 years, it said.
+      Bear, Stearns and Co Inc signed a similar standstill
+  agreement with Bally for three years, Bally said. But it can
+  still deal in Bally stock as a broker, it said.
+      The deal also obligates Bally to buy Trump's remaining
+  stake in the company for 33 dlrs a share if the stock price
+  does not reach that level by February 21, 1988, it said.
+  
+
diff --git a/reuters/training/3162 b/reuters/training/3162
new file mode 100644
index 0000000000000000000000000000000000000000..e1ac41e2974e5c90d996b5f3c6f847ff4e7332e9
--- /dev/null
+++ b/reuters/training/3162
@@ -0,0 +1,5 @@
+SHELL CANADA SAID IT RAISED CRUDE PRICES BY 47 CANADIAN CTS A BARREL TODAY
+
+  SHELL CANADA SAID IT RAISED CRUDE PRICES BY 47 CANADIAN CTS A BARREL TODAY
+  
+
diff --git a/reuters/training/3163 b/reuters/training/3163
new file mode 100644
index 0000000000000000000000000000000000000000..440df27b3392ebed12f10f34822cf7c65f4bee81
--- /dev/null
+++ b/reuters/training/3163
@@ -0,0 +1,15 @@
+HUDSON BAY MINING CUTS U.S., CANADA ZINC PRICES
+  Hudson Bay Mining and Smelting Co Ltd
+  said it cut prices for all grades of zinc sold in North America
+  by one U.S. cent a pound and by one Canadian cent a pound,
+  effective immediately.
+      The new price for high grade zinc is 37 U.S. cents and
+  49-1/2 Canadian cents a pound, the company said.
+      Special high grade, prime western and continuous
+  galvanizing grade with controlled lead now costs 37-1/2 U.S.
+  cents and 50 Canadian cents a pound. The new price for
+  continuous galvanizing grade alloyed with controlled lead and
+  aluminum additions is 37-3/4 U.S. cents and 50-1/4 Canadian
+  cents a pound.
+  
+
diff --git a/reuters/training/3164 b/reuters/training/3164
new file mode 100644
index 0000000000000000000000000000000000000000..ca6954eb04984235963d26f055f271024d70a2a6
--- /dev/null
+++ b/reuters/training/3164
@@ -0,0 +1,9 @@
+FED ADDS RESERVES VIA CUSTOMER REPURCHASES
+  The Federal Reserve entered the U.S.
+  Government securities market to arrange 2.5 billion dlrs of
+  customer repurchase agreements, a Fed spokesman said.
+      Dealers said Federal funds were trading at 6-3/16 pct when
+  the Fed began its temporary and indirect supply of reserves to
+  the banking system.
+  
+
diff --git a/reuters/training/3166 b/reuters/training/3166
new file mode 100644
index 0000000000000000000000000000000000000000..c765c2d7fb33ff76808411fb77549bf744ef0dd0
--- /dev/null
+++ b/reuters/training/3166
@@ -0,0 +1,14 @@
+COURT REJECTS BUITONI APPEAL OVER IRI FOOD UNIT
+  An appeal by Buitoni SpA against a court
+  ruling that an accord under which it was to acquire Italian
+  state food firm SME - Societa Meridionale Finanziaria was not
+  contractually binding has been rejected, court officials said.
+      An appeal court rejected Buitoni's claim that the 497
+  billion lire accord with the state industrial company IRI -
+  Istituto per la Ricostruzione Industriale was a binding
+  contract. The decision upholds a court ruling of last July.
+      Buitoni is controlled by CIR - Compagnie Industriali
+  Riunite, an investment company itself controlled by Ing C
+  Olivetti EC SpA (OLIV.MI> chairman Carlo De Benedetti.
+  
+
diff --git a/reuters/training/3168 b/reuters/training/3168
new file mode 100644
index 0000000000000000000000000000000000000000..61ad147663820d8ba7739c3d474bf2687c69a174
--- /dev/null
+++ b/reuters/training/3168
@@ -0,0 +1,15 @@
+ALLEGHENY <AG> AIMS TO DIVEST MORE BUSINESSES
+  Allegheny International Inc,
+  the consumer products concern that today announced a merger
+  agreement with a First Boston Corp <FBC> affiliate in a deal
+  worth about 500 mln dlrs, said it intends to divest more units
+  as a way to increase profits.
+      "We're going to reduce AI to a size consistent with our
+  financial resources," said Chairman Oliver S. Travers.
+      "We have made a conscious, strategic choice to become a
+  smaller, financially sound, consumer products company which
+  operates predominantly in the stable political and economic
+  environment of North America," he said.
+  
+  
+
diff --git a/reuters/training/3169 b/reuters/training/3169
new file mode 100644
index 0000000000000000000000000000000000000000..9e2cd8d4ffa00e6066a4224edad3501ea98288cd
--- /dev/null
+++ b/reuters/training/3169
@@ -0,0 +1,7 @@
+HAMILTON OIL <HAML> SAYS RESERVES RISE
+  Hamilton Oil Corp said reserves at the
+  end of 1986 were 59.8 mln barrels of oil and 905.5 billion
+  cubic feet of natural gas, or 211 mln barrels equivalent, up 10
+  mln equivalent barrels from a year before.
+  
+
diff --git a/reuters/training/317 b/reuters/training/317
new file mode 100644
index 0000000000000000000000000000000000000000..fe0f2206285dfd3d6734ab15388cc4c1a7348b0c
--- /dev/null
+++ b/reuters/training/317
@@ -0,0 +1,25 @@
+ESTIMATED DROP IN JAPAN CORPORATE PROFITS TRIMMED
+  The combined profits of Japan's major
+  corporations, excluding financial institutions, are forecast to
+  fall 19.2 pct in the 1986/87 year ending March 31, compared to
+  the 19.9 pct decline projected in late November, Wako Research
+  Institute of Economics said.
+      The private research body also said in a statement that 437
+  of the 1,084 firms listed on the first section of the Tokyo
+  Stock Exchange foresee an 11.6 pct fall in sales in the year
+  against an 11.4 pct fall estimated last November.
+      Current profits are projected to fall 4.4 pct in 1987/88 on
+  sales seen increasing by 4.2 pct, it said.
+      Rationalisation measures taken by manufacturing industries
+  to cope with the yen's sharp rise are beginning to brighten
+  their business outlook, the institute said.
+      It said lower interest rates, which are expected to reduce
+  corporate borrowing costs, are also behind the improved
+  performance outlook.
+      Earnings performance in the non-manufacturing sector will
+  be supported by firm demand in the real estate and construction
+  businesses, it said.
+      The forecast was based on average exchange rate estimates
+  of 160 yen to the dollar in 1986/87 and 155 yen in 1987/88.
+  
+
diff --git a/reuters/training/3174 b/reuters/training/3174
new file mode 100644
index 0000000000000000000000000000000000000000..c4d00f686fe470a79126cac20d9c38c50b0530a7
--- /dev/null
+++ b/reuters/training/3174
@@ -0,0 +1,21 @@
+GRAHAM-MCCORMICK <GOP> SELLS OIL AND GAS STAKE
+  Graham-McCormick Oil and Gas
+  Partnership said it completed the sale of interests in two
+  major oil and gas fields to <Energy Assets International Corp>
+  for 21 mln dlrs.
+      The company said it sold about one-half of its 50 pct
+  interest in the Oak Hill and North Rucias fields, its two
+  largest producing properties.
+      It said it used about 20 mln dlrs of the proceeds to prepay
+  principal on its senior secured notes. Semi-annual principal
+  payments on the remaining 40 mln dlrs of notes have been
+  satisfied until December 1988 as a result, it said.
+      The company said the note agreements were amended to
+  reflect an easing of some financial covenants, and an increase
+  of interest to 13.5 pct from 13.0 pct until December 1990.
+      It said the noteholders exercise price for 1,125,000
+  warrants was also reduced to 50 cts from 1.50 dlrs.
+      The company said Energy Assets agreed to share the costs of
+  increasing production at the Oak Hill field.
+  
+
diff --git a/reuters/training/3176 b/reuters/training/3176
new file mode 100644
index 0000000000000000000000000000000000000000..4f396a257c2c36b68d3c22745b2c6d7501abc424
--- /dev/null
+++ b/reuters/training/3176
@@ -0,0 +1,15 @@
+ADVANCED TOBACCO <ATPI> MERGER TALKS END
+  Advanced Tobacco Products Inc
+  said it has ended talks on being acquired by Sterling Drug Inc
+  <STY> but has resumed acquisition talks with other parties.
+      The company had previously announced that a "major U.S.
+  based company" that it did not identify was evaluating its
+  nicotine technology.
+      Advanced said Sterling's board has decided not to enter the
+  nicotine product market.
+      It said it received a 200,000 dlr payment to deal
+  exclusively with Sterling through March Six.
+      Advanced said it had suspended merger talks with other
+  parties as a result of the exclusivity agreement.
+  
+
diff --git a/reuters/training/3180 b/reuters/training/3180
new file mode 100644
index 0000000000000000000000000000000000000000..4567c29f43c8411aaed51957f2773c142d2ba446
--- /dev/null
+++ b/reuters/training/3180
@@ -0,0 +1,13 @@
+T.H.E. FITNESS <RFIT> BUYS LIVINGWELL UNIT
+  T.H.E. Fitness INc said it
+  agreed to buy Livingwell Inc's manufacturing unit, Powercise
+  INternational Inc, for 11.0 mln T.H.E. Fitness shares valued at
+  about 30 mln dlrs.
+      This acquisition includes all of Livingwell's rights to its
+  recently announced Powercise fitness equipment.
+      IN a separate transaction, Livingwell INc, an operator of
+  300 health clubs, placed a six mln dlrs order with Powercise
+  INternational to install the Powercise equipment in all of its
+  clubs.
+  
+
diff --git a/reuters/training/3181 b/reuters/training/3181
new file mode 100644
index 0000000000000000000000000000000000000000..9184243d001163d11400440bd9dd101fdf480ddc
--- /dev/null
+++ b/reuters/training/3181
@@ -0,0 +1,11 @@
+EXXON <XON> RAISES HEATING OIL PRICE, TRADERS
+  Oil traders in the New York area said
+  Exxon Corp's Exxon U.S.A. increased the price it charges
+  contract barge customers for heating oil in New York harbor by
+  1.5 cts a gallon, effective Saturday, March 7.
+      They said the increase brought Exxon's contract barge price
+  to 50 cts a gallon.
+      Traders said the price hike followed higher spot and
+  futures market prices for heating oil.
+  
+
diff --git a/reuters/training/3183 b/reuters/training/3183
new file mode 100644
index 0000000000000000000000000000000000000000..908f48b826f007abb3ccfe0cad52d5a78b6e5b28
--- /dev/null
+++ b/reuters/training/3183
@@ -0,0 +1,14 @@
+HUDSON BAY MINING CUTS U.S., CANADA ZINC PRICES
+  <Hudson Bay Mining and Smelting Co Ltd>
+  said it cut prices for all grades of zinc sold in North America
+  by one U.S. ct a pound and by one Canadian ct a pound,
+  effective immediately.
+      The new price for high grade zinc is 37 U.S. cts and 49-1/2
+  Canadian cts a pound, the company said.
+      Special high grade, prime western and continuous
+  galvanizing grade with controlled lead now costs 37-1/2 U.S.
+  cts and 50 Canadian cts a pound. The new price for continuous
+  galvanizing grade alloyed with controlled lead and aluminum
+  additions is 37-3/4 U.S. cts and 50-1/4 Canadian cts a pound.
+  
+
diff --git a/reuters/training/3184 b/reuters/training/3184
new file mode 100644
index 0000000000000000000000000000000000000000..4264b6f6dd41fadb15e1cae59de86594b07d1072
--- /dev/null
+++ b/reuters/training/3184
@@ -0,0 +1,11 @@
+BANKAMERICA <BAC> COMPLETES MORTGAGE UNIT SALE
+  BankAmerica Corp's Bank of America
+  unit said it completed the previously announced sale of
+  BankAmerica Finance Ltd to <Bank of Ireland> for an expected
+  pre-tax gain of 23 mln dlrs.
+      BankAmerica Finance provides residential mortgages in south
+  east England.
+      Its total assets at the end of 1986 were about 1.2 mln
+  dlrs.
+  
+
diff --git a/reuters/training/3186 b/reuters/training/3186
new file mode 100644
index 0000000000000000000000000000000000000000..ebe7d2a9de52292226c0f8729a53188c97c9f03b
--- /dev/null
+++ b/reuters/training/3186
@@ -0,0 +1,5 @@
+SUPERMARKETS GENERAL GETS UNSOLICITED BID FOR 41.75 DLRS/SHR CASH
+
+  SUPERMARKETS GENERAL GETS UNSOLICITED BID FOR 41.75 DLRS/SHR CASH
+  
+
diff --git a/reuters/training/3187 b/reuters/training/3187
new file mode 100644
index 0000000000000000000000000000000000000000..028245362f50add5827f38a1f121c05741a3695e
--- /dev/null
+++ b/reuters/training/3187
@@ -0,0 +1,23 @@
+BRAZIL TREASURY TO RELEASE COFFEE BUYING FUNDS
+  The Treasury Department is due to
+  release funds for the Brazilian Coffee Institute, IBC, to pay
+  for the coffee purchased from local producers, the IBC said in
+  a statement.
+      IBC production director Oripes Gomes said in the statement
+  that payment would be made within the official guarantee
+  prices.
+      The statement said the IBC is sending a document to the
+  National Monetary Council asking the government to set a budget
+  for the purchase by the Institute of up to five mln bags of
+  coffee until June 30.
+      Gomes said in the statement there have been no problems in
+  the concession of funds by the Treasury for payment of the
+  coffee delivered to the IBC warehouses by the producers.
+      He said producers have already delivered 2.2 mln bags, of
+  which 1.5 mln bags have been paid for.
+      In the future, according to an agreement to be signed with
+  the Treasury, the Institute will no longer need to seek
+  approval by the Treasury to seek the release of additional
+  funds to buy coffee, the statement said.
+  
+
diff --git a/reuters/training/3189 b/reuters/training/3189
new file mode 100644
index 0000000000000000000000000000000000000000..5c4731ed90d9d9330e6383e0becc0b2a24d1234b
--- /dev/null
+++ b/reuters/training/3189
@@ -0,0 +1,10 @@
+SHELL CANADA <SHC> RAISED CRUDE OIL POSTINGS
+  Shell Canada, a wholly owned subsidiary
+  of the Royal Dutch/Shell Group <RD> said that it raised crude
+  oil prices by about 47 Canadian cts a barrel today.
+      The increase riased its posted price for Light sweet crude
+  oil to 21.95 dlrs a barrel from its march one level.
+      Light sour crudes were raised to 19.95 dlrs a barrel, the
+  company said.
+  
+
diff --git a/reuters/training/3190 b/reuters/training/3190
new file mode 100644
index 0000000000000000000000000000000000000000..7cc3341464a0baee7fa084b74a1c204d2be53d6a
--- /dev/null
+++ b/reuters/training/3190
@@ -0,0 +1,5 @@
+GHANA COCOA PURCHASES 1,323 TONNES IN  LATEST WEEK, CUMULATIVE 216,095 TONNES - OFFICIAL
+
+  GHANA COCOA PURCHASES 1,323 TONNES IN  LATEST WEEK, CUMULATIVE 216,095 TONNES - OFFICIAL
+  
+
diff --git a/reuters/training/3191 b/reuters/training/3191
new file mode 100644
index 0000000000000000000000000000000000000000..b66e67a0575ab4c2f6462275c83adaa263d99419
--- /dev/null
+++ b/reuters/training/3191
@@ -0,0 +1,17 @@
+MGE CORN SYRUP FUTURES CONTRACT CLEARS HURDLE
+  The staff of the Commodity Futures
+  Trading Commission, CFTC, recommended that the regulatory
+  agency approve the Minneapolis Grain Exchange's application to
+  trade high fructose corn syrup-55, HFCS-55, futures contracts.
+      The commission is expected to approve the application at a
+  meeting tomorrow.
+      The proposed contract would provide for the delivery of
+  48,000 lbs, plus or minus two pct, of bulk HFCS-55, a liquid
+  food and beverage sweetener produced through processed corn
+  starch by corn refiners.
+      Under proposed rules, a shipping certificate has a limited
+  life, as it expires 30 days following the last day of trading
+  of the expiring contract month. A premium charge of 14.40 dlrs
+  per contract per day would be assessed under the proposal.
+  
+
diff --git a/reuters/training/3192 b/reuters/training/3192
new file mode 100644
index 0000000000000000000000000000000000000000..2ec7ab0ce5be3b74191d741163d067ebbc9c4ea8
--- /dev/null
+++ b/reuters/training/3192
@@ -0,0 +1,35 @@
+WORLD BANK TO BRING BORROWING FORWARD THIS YEAR
+  The World Bank intends to bring
+  borrowing forward into the first half of 1987 because it
+  expects global interest rates to rise by year end, World Bank
+  vice president and treasurer Eugene Rotberg said.
+      He told a news conference that rates in the U.S., Japan,
+  West Germany and Switzerland were near their lows. "The weight
+  of opinion is (that in a year from now) there is a higher
+  probability there will be one pct higher than one pct lower
+  interest rates," he said.
+      The World Bank had not issued floating rate notes so far
+  this year because of the expectation of higher interest rates.
+      The policy of the World Bank was to maintain liquidity at a
+  level that gave the bank flexibility to decide when, where and
+  how much to borrow, Rotberg said.
+      Cash in hand was now about 50 pct of the next three years'
+  anticipated net requirement and comprised 25 pct of outstanding
+  debt and 66 pct of its debt maturing within five years.
+      Although the World Bank had pioneered the swap market, it
+  did not intend to launch new financial instruments just for the
+  sake of innovation, Rotberg said.
+      Of a total of 74.5 billion dlrs debt outstanding, only some
+  eight billion had been swapped into another currency.
+      Many recent innovations were either unfair to investors or
+  unfair to borrowers. Until the World Bank was confident that
+  this was not the case, it would not adopt new instruments.
+      The World Bank would raise 90 pct of the funds needed over
+  the next year with methods used before, Rotberg said. However,
+  for some 10 pct of new requirements the bank would try out new
+  instruments such as bonds with warrants.
+      The World Bank had publicly offered 60 bonds in Germany
+  since the first issue was launched in 1959, he said.
+  
+  
+
diff --git a/reuters/training/3194 b/reuters/training/3194
new file mode 100644
index 0000000000000000000000000000000000000000..3a57721700eca84845ed47e811a2ec2b6721621d
--- /dev/null
+++ b/reuters/training/3194
@@ -0,0 +1,11 @@
+SERVICEMASTER <SVM> SETS QUARTER DISTRIBUTION
+  ServiceMaster L.P. approved
+  a second quarter cash distribution of 58 cts, payable April 10,
+  record March 23.
+      Previously, ServiceMaster said it would pay in 1987 an
+  indicated cash distribution of 1.50 dlrs a share, including  95
+  cts a share which would be paid before April 15, 1987.
+      In other action, the company set May eight as the date of
+  its annual shareholders' meeting.
+  
+
diff --git a/reuters/training/3198 b/reuters/training/3198
new file mode 100644
index 0000000000000000000000000000000000000000..d0e9de99ce420fb38c1a2c65a6247da4d5ca4281
--- /dev/null
+++ b/reuters/training/3198
@@ -0,0 +1,29 @@
+WALL STREET STOCKS/CHRYSLER <C>, AMC <AMO>
+  The proposed 757 mln dlr deal under
+  which Chrysler Corp would acquire American Motors Corp was
+  described by analysts as a reasonable deal for both companies.
+      Ronald Glantz of Montgomery Securities said AMC common
+  stock could be fairly valued at "just under five dlrs a share"
+  given changes brought by tax reform and that Chrysler's offer
+  to pay four dlrs a share of Chrysler stock to AMC holders other
+  than Renault as a "a good price for Chrysler.
+      AMC common shares opened at four dlrs this morning after
+  the Renault-Chrysler announcement, up 3/8, while Chrysler
+  shares lost 1/4 to 52-1/4.
+      Though AMC issued a statement saying that it was studying
+  the proposed buyout and had no other comment, Glantz said he
+  regarded the proposal as a "done deal" because "I can't believe
+  anybody else would make a bid."
+      "It's a reasonable deal for both sides," the analyst told
+  Reuters.
+      "Chrysler gets the jeep franchise and the (new AMC)
+  Bramalea, Ontario, plant and the (new Renault) Premier
+  (mid-sized car) and AMC's sales will go up because buyers will
+  have more confidence that the manufacturer will still be around
+  to service the products," Glantz said.
+      Analyst Thomas O'Grady said Chrysler would be getting more
+  manufacturing capacity, including a brand-new plant in Canada,
+  for a bargain price and Renault would be getting some return
+  after its prolonged loss-making investment in AMC.
+  
+
diff --git a/reuters/training/3199 b/reuters/training/3199
new file mode 100644
index 0000000000000000000000000000000000000000..d20b2d3f06f544d5ecc30f3ac5fe0903244eb065
--- /dev/null
+++ b/reuters/training/3199
@@ -0,0 +1,13 @@
+KOREANS TO BUY 1.8 BILLION DLRS IN U.S. GOODS
+  South Korean Foreign Trade Minister
+  Rah Woon Bae said his country's firms have agreed to buy 1.8
+  billion dlrs worth of U.S. goods during his two-week buying
+  trip to the United States.
+      Rah said most of the purchases represented shifts from
+  Japanese firms to U.S. firms as part of South Korea's effort to
+  reduce its seven billion dlr trade surplus with the United
+  States.
+      South Korea has a five billion dlr trade deficit with
+  Japan.
+  
+
diff --git a/reuters/training/320 b/reuters/training/320
new file mode 100644
index 0000000000000000000000000000000000000000..ad95c7073d657d5da85778849bdac2d84775bd72
--- /dev/null
+++ b/reuters/training/320
@@ -0,0 +1,15 @@
+INDIA BUYS 46,000 TONNES OF VEGETABLE OILS
+  The Indian State Trading Corporation
+  purchased 46,000 tonnes of vegetable oils at its import tender
+  on Friday, market sources said.
+      The business was for April shipments and comprised 20,000
+  tonnes of European rapeseed oil at 318 dlrs, 20,000 tonnes of
+  soyoil, believed South American origin, at 314, and 6,000
+  tonnes of Malaysian rbd palm olein at 347 dlrs, all per tonne
+  cif.
+      Palm oil sellers were disappointed at the light purchase of
+  rbd olein and early trading saw the market ease nearly 10 dlrs
+  under Malaysian refiner and dealer selling. April shipments
+  traded down to 326 dlrs per tonne, fob.
+  
+
diff --git a/reuters/training/3204 b/reuters/training/3204
new file mode 100644
index 0000000000000000000000000000000000000000..623cfb82c948f463ea389a90e7fc226f04e31c6c
--- /dev/null
+++ b/reuters/training/3204
@@ -0,0 +1,14 @@
+FITZWATER SAYS REAGAN STRONGLY AGAINST TAX HIKE
+  White House spokesman Marlin
+  Fitzwater said President Reagan's record in opposing tax hikes
+  is "long and strong" and not about to change.
+      "We're opposed to tax increases.... We will fight tax
+  increases.... We will deal with it politically in every forum
+  possible," said Fitzwater when questioned about whether there
+  was any change in the administration's position.
+      Fitzwater said Reagan's strong feelings against a tax hike
+  included opposition to an oil import fee.
+      "The President's position is that he is opposed to it," he
+  said.
+  
+
diff --git a/reuters/training/3205 b/reuters/training/3205
new file mode 100644
index 0000000000000000000000000000000000000000..13d36fac30954a05173dfaa8eb51496bca44ed2d
--- /dev/null
+++ b/reuters/training/3205
@@ -0,0 +1,17 @@
+SUPERMARKETS GENERAL <SGL> GETS UNSOLICITED BID
+  Supermarkets General Corp said
+  it received an unsolicited proposal from a third party to
+  acquire the company at 41.75 dlrs per share in cash.
+      Supermarkets also said it retained Shearson Lehman Brothers
+  Inc to advise its board of directors on the proposal.
+      Supermarkets General currently has about 38.5 mln shares
+  outstanding.
+      Its stock is currently trading at 34-1/4 on the New York
+  Stock Exchange.
+      The Woodbridge, N.J., supermarket operator of over 180
+  supermarkets and other specialty retail stores, convenience
+  food stores and drug stores.
+      For the nine months ended November 30, Supermarkets
+  reported net income of 41.7 mln dlrs.
+  
+
diff --git a/reuters/training/3206 b/reuters/training/3206
new file mode 100644
index 0000000000000000000000000000000000000000..bdb2b2364bf4a6463c33839b19383db21450997d
--- /dev/null
+++ b/reuters/training/3206
@@ -0,0 +1,11 @@
+JAPANESE CRUSHERS BUY CANADIAN RAPESEED
+  Japanese crushers bought 5,000 to 7,000
+  tonnes of Canadian rapeseed in export business over the weekend
+  for April shipment, trade sources said.
+      Japanese crushers continue to concentrate on rapeseed
+  purchases since it converts to a higher percentage of oil than
+  other oilseeds, they said. A glut of feed meals makes other
+  oilseeds, such as soybeans, less desirable because they would
+  add to already large meal stocks.
+  
+
diff --git a/reuters/training/3207 b/reuters/training/3207
new file mode 100644
index 0000000000000000000000000000000000000000..28ce9429991248c778ba4c01ad7a5bce642b2198
--- /dev/null
+++ b/reuters/training/3207
@@ -0,0 +1,11 @@
+ABMS SAYS U.S. ZINC STOCKS HIGHER IN FEBRUARY
+  Total U.S. slab zinc stocks held by
+  smelters rose to 24,735 short tons at the end of February  from
+  22,120 short tons at the end of January, the American Bureau of
+  Metal Statistics reported.
+      Zinc production increased to 26,732 short tons in February
+  from 25,786 short tons in January.
+      Shipments from smelters' plants declined to 23,560 short
+  tons in February from 24,564 short tons in January.
+  
+
diff --git a/reuters/training/3210 b/reuters/training/3210
new file mode 100644
index 0000000000000000000000000000000000000000..866c0ced619649c0168a28b6b353fe90572087d3
--- /dev/null
+++ b/reuters/training/3210
@@ -0,0 +1,13 @@
+DIAMOND SHAMROCK OFFSHORE <DSP> IN FIND
+  Diamond Shamrock Offshore Partners said
+  it has started development drilling on West Cameron 178 block
+  off Louisiana in the Gulf of Mexico after a significant natural
+  gas find on the block.
+      It said the discovery well there encountered 46 feet of net
+  natural gas pay. No flow tests have been conducted, it said.
+      Diamond Shamrock Offshore said it has a 46.15 pct interest
+  in the block, Phillips Petroleum Co 28.85 pct and Santa Fe
+  Energy Partners LP <SFP> 25.00 pct. Diamond Shamrock Corp <DIA>
+  owns 80.3 pct of Diamond Shamrock Offshore.
+  
+
diff --git a/reuters/training/3211 b/reuters/training/3211
new file mode 100644
index 0000000000000000000000000000000000000000..3056949d8e3f5d4a90c413c2b8e7d8a58a5a20f9
--- /dev/null
+++ b/reuters/training/3211
@@ -0,0 +1,12 @@
+U.S. LEAD INVENTORIES RISE IN FEBRUARY - ABMS
+  Lead stocks held by U.S. refiners rose
+  to 37,295 short tons at the end of February from 34,224 short
+  tons (revised higher) at the end of January, the American
+  Bureau of Metal Statistics reported.
+      Production of lead decreased to 33,619 short tons in
+  February from 38,759 short tons in January.
+      Shipments from plants increased to 30,467 short tons in
+  February from 27,041 short tons (revised lower) in January, the
+  ABMS said.
+  
+
diff --git a/reuters/training/3216 b/reuters/training/3216
new file mode 100644
index 0000000000000000000000000000000000000000..ed891a091d7e525c64ad8a267f95b24634fb4fcf
--- /dev/null
+++ b/reuters/training/3216
@@ -0,0 +1,14 @@
+<SHARON STEEL CORP> EXTENDS EXCHANGE OFFER
+  Sharon Steel Corp said it extended
+  from March six to March 31 the expiration date for its debt
+  exchange offer to allow time to complete the sale of its
+  Mueller Brass Co unit and to meet other conditions of the
+  offer.
+      The exchange offer covers Sharon's outstanding 13.5 pct
+  subordinated sinking fund debentures due 2000 and its 14.25 pct
+  subordinated sinking fund debentures due 1990.
+      Sharon said that as of March six, 31.6 pct of the 13.5 pct
+  notes and 20.9 pct of the 14.25 pct notes were tendered. The
+  Mueller sale is conditioned on receipt of 80 pct of the notes.
+  
+
diff --git a/reuters/training/3217 b/reuters/training/3217
new file mode 100644
index 0000000000000000000000000000000000000000..6ff1323f8747af42ee35c7723f4606709151263e
--- /dev/null
+++ b/reuters/training/3217
@@ -0,0 +1,35 @@
+FERRY DISASTER CLAIMS COULD TOP 30 MLN STG
+  U.K. Insurers could face more than 30 mln
+  stg of insurance claims following the Zeebrugge ferry disaster,
+  a spokesman for Lloyds of London said.
+      It could take weeks before the extent of the compensation
+  claims for passengers, crew and cargo was known and also before
+  it was known how much, if any, of the ship could be salvaged,
+  said David Larner of Lloyds.
+      The hull and machinery of the Herald of Free Enterprise
+  were valued at 25 mln stg and were insured by Townsend
+  Thoresen's parent company Peninsular and Oriental Steam
+  Navigation Co Plc <PORL.L>.
+      The vessel was in turn reinsured in the London market with
+  Lloyds and various other companies, Larner said.
+      Passengers, crew and cargo were insured by the Standard
+  Steamship Protection and Indemnity Association, one of several
+  shipowners' mutual insurance funds worldwide. These were also
+  underwritten by Lloyds and other companies.
+      Larner said claims from passengers could be expected to
+  total at least five mln stg, given the number of deaths and the
+  normal level of liability set by the Athens Convention of 1974
+  of between 30,000 stg and 50,000 in case of death.
+      Shipping sources said, however, that these claims could
+  soar if a court found there was negligence or design faults
+  involved.
+      Larner said estimates of compensation claims "were pure
+  guess work" at this time. But if the ship could not be salvaged,
+  the claims would total at least 30 mln stg.
+      Shares of insurances on the London stock exchange fell
+  across the board in a generally weak market.
+      General Accident fell 21p to 936, Royal Insurance dropped
+  18p to 966 and Prudential fell 9p to 888.
+      P and O shares stood at a late 616, 27p lower on the day.
+  
+
diff --git a/reuters/training/3219 b/reuters/training/3219
new file mode 100644
index 0000000000000000000000000000000000000000..4dcff622ef78874ae3ad8ec98a7867175a512cd9
--- /dev/null
+++ b/reuters/training/3219
@@ -0,0 +1,11 @@
+CITIBANK FOLLOWS U.K. BASE RATE CUT TO 10.5 PCT
+  <Citibank NA> said it has cut its British
+  base lending rate to 10.5 pct from 11 pct, with effect from
+  tomorrow.
+      This move follows similar cuts by four major British
+  clearing banks, led by National Westminster Bank Plc <NWBL.L>.
+      Lower rates were signalled by the Bank of England this
+  morning in an attempt to curb recent upward pressure on the
+  pound, market sources said.
+  
+
diff --git a/reuters/training/322 b/reuters/training/322
new file mode 100644
index 0000000000000000000000000000000000000000..9093b065bbdaea2a3e13730c514882e7a5d5808e
--- /dev/null
+++ b/reuters/training/322
@@ -0,0 +1,29 @@
+JAPAN TO PROMOTE INTEREST RATE LIBERALISATION
+  The Bank of Japan decided at a policy
+  board meeting to promote further interest rate liberalisation
+  by lowering the minimum denomination of regulation-free large
+  deposits and by raising the interest rate ceiling on money
+  market certificates (MMCs), a central bank official said.
+      The new guideline will go into effect on April 6, the bank
+  said.
+      Under the guideline, the minimum denomination of
+  regulation-free large deposits will be lowered to 100 mln yen
+  from 300 mln.
+      The interest rate ceiling of MMCs with maturities of
+  between one year and two years will be set at 0.5 percentage
+  point below the prevailing certificate of deposit rate, the
+  bank said.
+      But the ceiling on MMCs with maturities of one year or less
+  will remain the same, or 0.75 percentage point below the CD
+  rates.
+      The minimum denomination of MMCs will be lowered to 10 mln
+  yen from 30 mln.
+      The bank also said time deposit rates will be lowered by
+  0.37 point, effective March 16, in line with the half-point cut
+  in the official discount rate on February 23.
+      New interest rates on two-year and one-year deposits at
+  banks, for example, will be 3.64 pct and 3.39 pct per annum,
+  respectively.
+      Demand deposit rates, however, will remain the same.
+  
+
diff --git a/reuters/training/3222 b/reuters/training/3222
new file mode 100644
index 0000000000000000000000000000000000000000..f3944b2106eda5e7b1e19e9f90e20cb5dfe390f1
--- /dev/null
+++ b/reuters/training/3222
@@ -0,0 +1,22 @@
+BANK OF ZAMBIA PAYS OUT FOREIGN CURRENCY ARREARS
+  The Bank of Zambia has paid out foreign
+  exchange arrears from three auctions conducted last year, a
+  bank spokesman said.
+      "We have now cleared three auctions and are left with only
+  four, worth eight mln dlrs," the spokesman said without
+  specifying the amount paid out.
+      The bank had not paid foreign exchange to private firms
+  since it suspended the weekly auctions on January 28.
+      It has said the auctions were suspended because it planned
+  to introduce a modified system after talks with the World Bank
+  and the International Monetary Fund.
+      President Kenneth Kaunda announced last month that the
+  auction would be retained for allocating foreign exchange to
+  approved private sector bidders, but would not be used to
+  determine the kwacha's exchange rate.
+      Last week, he said the auction had run into trouble because
+  of a shortage of foreign exchange.
+      The government has fixed the exchange rate at nine kwacha
+  per dollar, effectively revaluing the kwacha by 67.7 pct.
+  
+
diff --git a/reuters/training/3223 b/reuters/training/3223
new file mode 100644
index 0000000000000000000000000000000000000000..4e624058d721dd9b074b451ffbe59ee79136ab70
--- /dev/null
+++ b/reuters/training/3223
@@ -0,0 +1,9 @@
+INVESTORS HAVE 5.5 PCT OF DATAREX SYSTEMS <DRX>
+  A small investor group led by Melvyn
+  Gelch, a Providence, R.I., surgeon, told the Securities and
+  Exchange Commission it has acquired 60,840 shares of Datarex
+  Systems Inc, or 5.5 pct of the total outstanding common stock.
+      The Gelch group said it bought the stake for about 935,000
+  dlrs for investment purposes only.
+  
+
diff --git a/reuters/training/3225 b/reuters/training/3225
new file mode 100644
index 0000000000000000000000000000000000000000..93408a035a2d13b02a8a1e28c507df31c5a24651
--- /dev/null
+++ b/reuters/training/3225
@@ -0,0 +1,11 @@
+GHANA COCOA PURCHASES FALL, CUMULATIVE STILL UP
+  The Ghana Cocoa Board said it purchased
+  1,323 tonnes of cocoa in the 21st week, ended February 26, of
+  the 1986/87 main crop season, compared with 1,961 tonnes the
+  previous week and 1,344 tonnes in the 21st week ended March six
+  of the 1985/86 season, the board said.
+      Cumulative purchases so far this season stand at 216,095
+  tonnes, still up on the 201,966 tonnes purchased by the 21st
+  week of last season, the Board said.
+  
+
diff --git a/reuters/training/3228 b/reuters/training/3228
new file mode 100644
index 0000000000000000000000000000000000000000..7b3b7a018b9ac0abffd571f81ff99ea94824c5e0
--- /dev/null
+++ b/reuters/training/3228
@@ -0,0 +1,11 @@
+EC SUGAR IMPORT LEVIES
+  The following import levies for white
+  and raw sugar are effective tomorrow, in European currency
+  units (ecu) per 100 kilos.
+      White sugar, denatured and non-denatured 49.70 versus 50.05
+  previously.
+      Raw sugar, denatured and non-denatured 41.35 versus 41.35
+  previously.
+      The rate for raws is based on 92 pct yield.
+  
+
diff --git a/reuters/training/3229 b/reuters/training/3229
new file mode 100644
index 0000000000000000000000000000000000000000..c88233c298d5c50cc9239487816cc208e2ce8e47
--- /dev/null
+++ b/reuters/training/3229
@@ -0,0 +1,10 @@
+INVESTOR HAS TECHNOLOGY DEVELOPMENT <TDCX> STAKE
+  Leon Greenblatt, a Chicago investor,
+  told the Securities and Exchange Commission he has acquired
+  89,450 shares of Technology Development Corp, or 5.3 pct of the
+  total outstanding common stock.
+      Greenblatt said he bought the stock for 350,000 dlrs soley
+  as an investment and has no intention of seeking control of the
+  company.
+  
+
diff --git a/reuters/training/323 b/reuters/training/323
new file mode 100644
index 0000000000000000000000000000000000000000..28ea601caf15263d6356e24467c0b9965df80adf
--- /dev/null
+++ b/reuters/training/323
@@ -0,0 +1,16 @@
+TAIWAN POWER FIRM PLANS MORE FOREIGN DEBT CUTS
+  State-owned (Taiwan Power co) will boost
+  its domestic borrowings to further cut its foreign debt in line
+  with a government policy to trim the island's huge foreign
+  exchange reserves, a company official said.
+      The company's foreign debt, mainly from the Japanese and
+  U.S. Banks, was cut nearly by half to 66.2 billion taiwan dlrs
+  equivalent in calendar 1986 from 124.6 billion in 1985, he
+  said.
+      Its domestic borrowings however rose to 105.2 billion
+  taiwan dlrs from 80.6 billion in the same period, he added.
+      Taiwan's foreign exchange reserves now stood at 50 billion
+  U.S. Dlrs, due to its 1986 record trade surplus of 15.6
+  billion.
+  
+
diff --git a/reuters/training/3235 b/reuters/training/3235
new file mode 100644
index 0000000000000000000000000000000000000000..11ef451c9983080685e25ddec94ec7a2251e8404
--- /dev/null
+++ b/reuters/training/3235
@@ -0,0 +1,5 @@
+ANALYST SAYS DART GROUP LIKELY BIDDER FOR SUPERMARKETS GENERAL
+
+  ANALYST SAYS DART GROUP LIKELY BIDDER FOR SUPERMARKETS GENERAL
+  
+
diff --git a/reuters/training/3239 b/reuters/training/3239
new file mode 100644
index 0000000000000000000000000000000000000000..681160c82cab55998d1fb1550768e5e219f32927
--- /dev/null
+++ b/reuters/training/3239
@@ -0,0 +1,12 @@
+HARRIS CUTS CYCLOPS <CYL> STAKE TO 11.1 PCT
+  Harris Associates L.P., a Chicago
+  investment advisory firm, said it cut its stake in Cyclops Corp
+  to 437,425 shares, or 11.1 pct of the total outstanding common
+  stock, from 524,775 shares, or 13.3 pct.
+      In a filing with the Securities and Exchange Commission,
+  Harris said it sold 87,350 Cyclops common shares between Jan 6
+  and March 2 at prices ranging from 65.75 to 91.00 dlrs a share.
+      Harris said its dealings in Cyclops common stock were made
+  on behalf of its advisory clients.
+  
+
diff --git a/reuters/training/3241 b/reuters/training/3241
new file mode 100644
index 0000000000000000000000000000000000000000..77323ffe802f551422a8b48d60d4304d3557dc06
--- /dev/null
+++ b/reuters/training/3241
@@ -0,0 +1,13 @@
+CHRYSLER <C> VALUES AMC <AMO> AT 757 MLN DLRS
+  Chrysler Corp said it valued its
+  proposed buyout of American Motors Corp at 757 mln dlrs, not
+  counting the effect of a contingent payment that could reach
+  350 mln dlrs based on AMC's future profits.
+      A Chrysler spokesman told Reuters that the letter of intent
+  signed with Renault, AMC's controlling shareholder with a 46.2
+  pct direct stake, includes a provision for Renault to be paid
+  35 mln dlrs in cash for AMC's finance subsidiary and 200 mln
+  dlrs in the form of an eight pct note. He said he did not know
+  the maturity of the note.
+  
+
diff --git a/reuters/training/3242 b/reuters/training/3242
new file mode 100644
index 0000000000000000000000000000000000000000..62e78601663f199486bfa9da737b94a12f95bf3c
--- /dev/null
+++ b/reuters/training/3242
@@ -0,0 +1,42 @@
+DART SAID LIKELY SUPERMARKETS GENERAL SUITOR
+  Dart Group <DARTA> is likely seeking to
+  buy Supermarkets General <SGL>, analysts said.
+      "There's been rumors that they've taken a position in the
+  company, said Wood Gundie analyst Edward Comeau.
+      Last year, Dart Group, owner of Auto Trak INc and Crown
+  Books, competed against Kohlberg, Kravis to acquire Safeway
+  Stores INc.
+      The company later reached an accord under which it would
+  buy 20 pct of the company after Kohlberg Kravis completed its
+  leveraged buyout of the company.
+      The company later sold its 20 pct stock for about 180 mln
+  to 200 mln dlrs, according to analysts.
+       Dart Group Corp was not immediately available for comment.
+      Jerry Ballan, analyst with Conner Ballan division of Edward
+  Viner and Co, said, "They <Dart> has been rumored to be buying
+  some other supermarkets as well, such as Stop and Shop."
+      "My guess is that Supermarkets General does not want to be
+  bought out," said Ballan.
+      Analysts, however, said Supermarkets General is facing
+  problems due to its Purity Supreme and Rickels operations,
+  which might make it difficult to thwart a bid.
+      Supermarkets General is expected to report about 1.70 dlrs
+  a share compared to a 1.73 dlrs a share reported for 1985 on a
+  post stock split basis.
+      For the first quarter, Comeau predicts the company will
+  earn 39 cts a share from 35 cts a share a year ago, and should
+  earn about 2.05 dlrs for 1987.
+      "But that estimation could go to a 1.80 dlrs easily, due to
+  Purity Supreme in New England," Comeau said.
+      He said competition among supermarkets is getting heated in
+  that area and that the company has had difficulty with
+  integrating Purity Supreme with its Pathmark store operations.
+      Rickels, a home center business, has faced problems due to
+  the state of that industry, and has reported lower returns as
+  an operating unit, according to analysts.
+      Analysts said that if Dart buys Supermarkets General it
+  would probably divest the company's operations.
+      Analyst Comeau said "supermarkets general may seek a
+  combination with another supermarket company."
+  
+
diff --git a/reuters/training/3243 b/reuters/training/3243
new file mode 100644
index 0000000000000000000000000000000000000000..e497b83a701327ab22a4984cf6a1ad29b5c9ef50
--- /dev/null
+++ b/reuters/training/3243
@@ -0,0 +1,9 @@
+ADVO-SYSTEM INC <ADVO> SEES BREAK-EVEN 2ND QTR
+  ADVO-System Inc said it could
+  report a break even second quarter ending March 28, 1987
+  compared with a loss of 1.8 mln dlrs, or 16 cts a share, in
+  fiscal 1986's second quarter ended March 29, 1986.
+      ADVO said it previously announced it would report a net
+  loss for the quarter.
+  
+
diff --git a/reuters/training/3246 b/reuters/training/3246
new file mode 100644
index 0000000000000000000000000000000000000000..0f877c1044e8d824c11c397bc3be5a5a2ee72a73
--- /dev/null
+++ b/reuters/training/3246
@@ -0,0 +1,33 @@
+FED WATCHERS SEE U.S. ECONOMIC, INFLATION UPTURN
+  This year will see a pickup in U.S.
+  economic growth and inflation, the Shadow Open Market Committee
+  said in its semi-annual policy statement.
+      The SOMC, a group of basically "monetarist" private
+  economists, said that "economic growth will accelerate in 1987
+  in response to powerful stimulative actions by the Federal
+  Reserve."
+      The group said the Fed's actions have been excessive. As a
+  result, it said that "inflation and ultimately another
+  recession now loom on the horizon."
+      The SOMC said that central bank policies that rely on
+  progressively larger swings in monetary expansion will not lead
+  to sustainable economic growth and stable prices.
+      The group made no specific nominal forecasts of economic or
+  inflation growth in its policy statement. However, the
+  Committee at its Sunday policy-making meeting said it was
+  basically in accord with projections by Jerry Jordan, who is a
+  member of the SOMC and economist at First Interestate Bancorp.
+      Jordan expects real GNP growth to be about one percentage
+  point higher than in the past two years. He expects consumer
+  prices to rise about 4-1/2 pct this year.
+      The SOMC said in recent months rapid money growth has been
+  a principal cause of the devaluation. To avoid another costly
+  inflation and disinflation, the SOMC urged the Fed to "abandon
+  its inflationary policy and set the growth rate of the monetary
+  base on the path toward sustained lower inflation."
+      The Fed in February said it would no longer target the
+  narrow M-1 money supply because the link between M-1 and
+  economic growth has been largely severed.
+  
+  
+
diff --git a/reuters/training/3247 b/reuters/training/3247
new file mode 100644
index 0000000000000000000000000000000000000000..55b64df0d5ef402e03a54b620c85e15aabb1b525
--- /dev/null
+++ b/reuters/training/3247
@@ -0,0 +1,5 @@
+CANADIAN PACIFIC LTD 4TH QTR OPER NET 30 CTS VS 20 CTS
+
+  CANADIAN PACIFIC LTD 4TH QTR OPER NET 30 CTS VS 20 CTS
+  
+
diff --git a/reuters/training/3249 b/reuters/training/3249
new file mode 100644
index 0000000000000000000000000000000000000000..50457f98651faeccfb2492849d858e74b0bfa5b5
--- /dev/null
+++ b/reuters/training/3249
@@ -0,0 +1,25 @@
+DUTCH CURRENT ACCOUNT SURPLUS FALLS IN 1986
+  The Dutch current account surplus fell
+  5.4 billion guilders last year to a provisional 12.1 billion
+  guilders, the Finance Ministry said in a statement.
+      The surplus is expected to fall further in 1987, the
+  statement said, but gave no details. Earlier today, the
+  official planning agency CPB said it expected the surplus to
+  fall to six billion guilders during 1987.
+      The visible goods surplus excluding energy fell by 5.6
+  billion guilders in 1986 to 11.4 billion due to declining terms
+  of exchange, while more goods were imported as consumer
+  spending and investment increased.
+      While the energy trade balance surplus rose by 5.4 billion
+  guilders, 4.7 billion of this gain was caused by temporary
+  improvements of terms of exchange and was aided by the delay
+  between the fall in oil and gas prices.
+      The current account showed a 5.2 billion guilder deficit on
+  invisibles, compared with a balance in 1985, the Finance
+  Ministry said, noting the surplus on transport services was
+  reduced substantially due to the lower dollar and oil price
+  falls.
+      The fourth quarter current account showed a deficit, for
+  the first time since 1980, of 700 mln guilders, it said.
+  
+
diff --git a/reuters/training/3251 b/reuters/training/3251
new file mode 100644
index 0000000000000000000000000000000000000000..dabed91a9a8ad0349ca64e1f8103b38fecae0516
--- /dev/null
+++ b/reuters/training/3251
@@ -0,0 +1,13 @@
+GRANDVIEW ACQUIRES CONTROL OF U.K. TICKET GROUP
+  Consolidated Grandview Inc said it
+  acquired a 60 pct stake in <All Ticket Group PLC>, of London,
+  for undisclosed terms. The seller was also undisclosed.
+      All Ticket is a special events travel company with
+  exclusive European rights to UAL Inc <UAL>'s United Airlines
+  Apollo system, booking all United Airlines flights in Britain
+  and Europe. All Ticket and its subsidiaries will also
+  co-sponsor various events this year including the British Open
+  golf tournament and rowing's Henley Regatta.
+      Its 1986 revenues totaled 12 mln Canadian dlrs.
+  
+
diff --git a/reuters/training/3252 b/reuters/training/3252
new file mode 100644
index 0000000000000000000000000000000000000000..2d09af7276d2cca297d92fc71f9643e3905ecfdc
--- /dev/null
+++ b/reuters/training/3252
@@ -0,0 +1,9 @@
+UNITED CITIES <UCIT> MAKES ACQUISITION
+  United Cities Gas Co said it
+  has acquired Lyle Propane Gas Co, a Cairo, Ga., propane gas
+  distributor, for undisclosed terms.
+      It said Lyle has sales of about four mln gallons annually
+  and serves about 4,000 customers in seven counties in southwest
+  Georgia and north Florida.
+  
+
diff --git a/reuters/training/3253 b/reuters/training/3253
new file mode 100644
index 0000000000000000000000000000000000000000..868eb634ba1e9ae4cb2258693bb383c458de9211
--- /dev/null
+++ b/reuters/training/3253
@@ -0,0 +1,11 @@
+U.S. BILL AUCTIONS SEEN AT 5.63-65, 5.59-61 PCT
+  The U.S. Treasury's weekly auction is
+  expected to produce an average rate of 5.63-65 pct for
+  three-month bills and one of 5.59-61 pct for six-month bills,
+  dealers said.
+      Shortly before auction time on the new bills, the rate on
+  the outstanding three-month bills was unchanged at 5.64 pct
+  bid, while the rate on the six-month bills was one basis point
+  higher at 5.68 pct bid.
+  
+
diff --git a/reuters/training/3254 b/reuters/training/3254
new file mode 100644
index 0000000000000000000000000000000000000000..f7ca28982baf0b2c3fe998330743aa1eb059f0fb
--- /dev/null
+++ b/reuters/training/3254
@@ -0,0 +1,8 @@
+MEDICAL PROPERTIES <MPP> SETS MONTHLY DIVIDEND
+  The board of Medical Properties
+  Inc said it has declared an initial monthly cash dividend of
+  11-1/2 cts a share and has adopted a monthly dividend policy.
+      The initial dividend will be payable April 10 to
+  shareholders of record March 31.
+  
+
diff --git a/reuters/training/3256 b/reuters/training/3256
new file mode 100644
index 0000000000000000000000000000000000000000..f235a9d06487573cc24fc731a1f4e8016a109cae
--- /dev/null
+++ b/reuters/training/3256
@@ -0,0 +1,11 @@
+LONDON GRAIN FREIGHTS
+  wheat Ria Luna 20,000 mt
+  Norrkoping and Djuron/EC Mexico 12.50 dlrs option loading
+  Uddevalla at 50 cents less 4,000/1,500 16-23/3 Continental.
+      Reference New York Grain Freights 2 of March 6, brokers say
+  the charterer of the Saturn from US Gulf to Japan is reported
+  to be Nordstrom and Thulin, while the Antigone is reported to
+  have been arranged from Tilbury to the Black Sea by Soviet
+  charterers.
+  
+
diff --git a/reuters/training/3258 b/reuters/training/3258
new file mode 100644
index 0000000000000000000000000000000000000000..303b6b7ae0bcbed81cf8ed5d194ee7daff20658d
--- /dev/null
+++ b/reuters/training/3258
@@ -0,0 +1,7 @@
+IMMUCOR <BLUD> SPLITS STOCK
+  Immucor Inc said its board of
+  directors has declared a five-for-four stock split in the form
+  of a 25 pct stock dividend payable April 15 to shareholders of
+  record March 27.
+  
+
diff --git a/reuters/training/3259 b/reuters/training/3259
new file mode 100644
index 0000000000000000000000000000000000000000..d1e1e72024deaa3952258f75fe9d0842193ae79f
--- /dev/null
+++ b/reuters/training/3259
@@ -0,0 +1,12 @@
+BERMUDA STAR LINE <BSL> TO MAKE ACQUISITION
+  Bermuda Star Line Inc said it has
+  agreed in principle to acquire 815-passenger SS Liberte from
+  Barnstead Shipping Ltd for use in its New York/Montreal
+  "Northeast Passages" cruises, starting this summer.
+      The company said it is working to conclude a lease
+  financing or other financing for the purchase of the 23,500 ton
+  vessel, which is to be delivered in early April and renamed
+  Canada Star.
+      Terms were not disclosed.
+  
+
diff --git a/reuters/training/3261 b/reuters/training/3261
new file mode 100644
index 0000000000000000000000000000000000000000..a7445560eb2723c289de2ec3cc17f5afe7f83517
--- /dev/null
+++ b/reuters/training/3261
@@ -0,0 +1,43 @@
+TALKING POINT/CAESARS WORLD <CAW>
+  <MTS Acquisition Corp's>
+  28-dlr-per-share offering price for Caesars World Inc is
+  thought to be much too low and is likely to attract other
+  suitors for the hotel/casino company, industry analysts said.
+      "I think someone else will probably come in, or they (MTS)
+  will have to raise their bid," said Marvin Roffman, an analyst
+  at Janney Montgomery Scott Inc.
+      MTS, a company formed by Martin Sosnoff, Caesars World's
+  largest shareholder, today began a tender offer, valued at
+  725.2 mln dlrs, for all shares Sosnoff doesn't already own.
+      "I think the offer is too low by at least five points,"
+  said Roffman, who described Caesars World as the operator of
+  "one of the finest casinos in the world."
+      Sosnoff, a New York investor, already owns 13.3 pct of
+  Caesars World's 30.3 mln shares.
+      Following news of the tender offer Caesars World's shares
+  were trading at 27-7/8, up 3-3/8.
+      A Caesars World spokesman said the company was declining
+  comment on the Sosnoff move for the moment, but Caesars may
+  issue a public statement after it has studied the offer.
+      Roffman said Caesars World has considerable growth
+  potential and he is forecasting fiscal 1988 earnings of two
+  dlrs per share.
+      Caesars World owns casino hotels in Nevada and honeymoon
+  resorts in Pennsylvania's Pocono Mountains. It also controls
+  Caesars New Jersey Inc <CJN>, which owns an Atlantic City,
+  N.J., casino hotel.
+      For its fiscal year ended July 31 Caesars World reported
+  net income of 41 mln dlrs, or 1.36 dlrs per primary share.
+      The company reported second quarter net income of 12.6 mln
+  dlrs, or 41 cts per share, compared with income of 7.5 mln
+  dlrs, or 25 cts per share a year earlier.
+      Daniel Lee, an analyst at Drexel Burnham Lambert Inc, said
+  that although Sosnoff's relatively low bid may attract other
+  suitors willing to pay a higher price for Caesars, there is
+  little likelihood that a competing bid would start a battle for
+  the company.
+  
+  
+  
+  
+
diff --git a/reuters/training/3263 b/reuters/training/3263
new file mode 100644
index 0000000000000000000000000000000000000000..eabf46a205220b41a4c28053b7cf310abd254673
--- /dev/null
+++ b/reuters/training/3263
@@ -0,0 +1,14 @@
+ALLEGHENY <AG> OFFICERS TO RUN COMPANY
+  Allegheny International Inc said its
+  chairman and chief operating officer will remain in their
+  positions following the merger of the company with an affiliate
+  of First Boston Corp.
+     "It is expected that Oliver S. Travers will continue as
+  chairman, president and Chief executive officer, and Thomas J.
+  Albani will continue as chief operating officer," said an
+  Allegheny spokesman.
+      Allegheny today said it agreed to a buyout from First
+  Boston at 24.60 dlrs per share. The transaction was valued at
+  500 mln dlrs. Its stock rose 8-5/8 to 24 in active trading.
+  
+
diff --git a/reuters/training/3264 b/reuters/training/3264
new file mode 100644
index 0000000000000000000000000000000000000000..205f28cd4482784308ac4c904de850e7c761b5b7
--- /dev/null
+++ b/reuters/training/3264
@@ -0,0 +1,14 @@
+IC GAS MAKES NO RECOMMENDATION ON TRACTEBEL OFFER
+  Imperial Continental Gas Association
+  <ICGS.L>, IC Gas, said its board is not making a recommendation
+  on the partial tender offfer at 710p per share announced by
+  <Tractebel SA> and <Groupe Bruxelles Lambert SA>.
+      At the same time, however, the board would not recommend a
+  general offer for all the shares at a price of 710p, the
+  statement added.
+      Shareholders wondering whether to tender either to the
+  Tractebel consortium or to the rival 700p per share partial
+  offer from <SHV Holdings NV> should consult professional
+  advisers.
+  
+
diff --git a/reuters/training/3266 b/reuters/training/3266
new file mode 100644
index 0000000000000000000000000000000000000000..1d889d7f296749b5e9d185ccd094d98f5ebdb886
--- /dev/null
+++ b/reuters/training/3266
@@ -0,0 +1,12 @@
+NAT'L HEALTHCARE <NHCI> TO SELL FIVE HOSPITALS
+  National Heathcare Inc said it
+  signed an agreement to sell five rural hospitals to a private
+  corporation for about 18 mln dlrs, including the assumption of
+  six mln dlrs of debt.
+      The company said it plans to complete the sales, which are
+  subject to various regulatory approvals, by the end of July.
+      National Healthcare said it expects no material gain on
+  loss on the sales and that substantially all proceeds will be
+  used to reduce debt.
+  
+
diff --git a/reuters/training/3267 b/reuters/training/3267
new file mode 100644
index 0000000000000000000000000000000000000000..b61365e1c373455997c199f3591af30111aa0f14
--- /dev/null
+++ b/reuters/training/3267
@@ -0,0 +1,57 @@
+USX <X> CHAIRMAN CALLS FOR LOWER DOLLAR
+  USX Corp chairman David Roderick called
+  for a lower value for the U.S. dollar against other currencies
+  to help speed a correction in the U.S. trade deficit, which
+  last year reached 170 billion dlrs.
+      In remarks prepared for a speech before the Economic Club
+  of Detroit, Roderick said, "There should be total resolve that
+  the dollar versus other major currencies, as well as the
+  currencies of other nations having a substantial trade surplus
+  with us, must continue to decline so that the correction in our
+  trade deficit starts on the road to recovery."
+      Roderick said the U.S. should be understanding of the
+  "economic pain" our trading partners experience as a result of
+  a falling dollar.
+      But, he added, "As painful as the correction may be to our
+  trading partners, it is less painful than leaving the problem
+  uncorrected because that would lead us into an inevitable,
+  lengthy and steep world recession."
+      Roderick said between February 1985 and December 1986 the
+  dollar fell by more than 40 pct in real terms against major
+  industrial currencies and by 30 to 35 pct against a broader
+  group of currencies of nearly all developing nations.
+      At the end of 1986, he said, the value of foreign assets in
+  the U.S. exceeded the value of U.S. assets abroad by 240
+  billion dlrs, compared to five years ago when the U.S. had a
+  surplus in assets of 141 billion. A company spokesman said the
+  data were provided by economic consultants to USX.
+      The primary reason for the trade imbalance was the 70 pct
+  rise of the dollar between 1980 and 1985, although other
+  factors were involved, Roderick said. But it is wrong, he said,
+  "to attribute the massive trade deficit to a fundmental
+  deterioration of U.S. productivity or of American product
+  quality."
+      These areas need to be improved but they are not the root
+  cause of the trade gap problem, Roderick said. He urged
+  American manufacturers to become more competitive so they can
+  compete in global markets.
+      In the speech, the USX chairman also called for changes in
+  securities laws to curb what he called abuses by corporate
+  raiders and speculators.
+      Among his proposals, which he presented to the Senate
+  Banking Committee in testimony last week, were a requirement
+  that raiders give 24-hour notice for every one pct of stock
+  they acquire in a company.
+      Roderick proposed that tender offers must be made for all
+  cash to all stockholders on equal terms and that raiders be
+  required to have financing in place before a tender is made.
+      Further, raiders should be required to make an all-cash
+  tender offer once they acquire 10 pct of a target company's
+  stock, he said. And payment of greenmail, or a preferential
+  price by a target company to buy back a raider's stake, should
+  be prohibited under the revised laws.
+      Roderick said changes were necessary to curb abuses but
+  that he did not want laws that would hurt the financial markets
+  or discourage "fair price to all" takeovers.
+  
+
diff --git a/reuters/training/3269 b/reuters/training/3269
new file mode 100644
index 0000000000000000000000000000000000000000..bc419571778bf840506368f319fb3bba7d23617b
--- /dev/null
+++ b/reuters/training/3269
@@ -0,0 +1,26 @@
+CANADIAN PACIFIC (CP) CONFIRMS EARNINGS
+  Canadian Pacific Ltd said fourth
+  quarter 1986 operating profit rose to 91.6 mln dlrs, or 30 cts
+  a share, from 50.7 mln dlrs, or 20 cts a share, a year ago.
+      The statement confirmed released preliminary earnings
+  figures the company released in February.
+      A 102.6 mln dlr gain on the sale of CP's Cominco Ltd
+  interest helped raise final 1986 fourth quarter profit to 193.8
+  mln dlrs or 65 cts a share.
+      The company said a drop in 1986 full-year operating profit
+  to 150.1 mln dlrs from a restated 252.7 mln dlrs in 1985 was
+  due mainly to lower world oil prices.
+      The company said its CP Rail division reported 1986 net
+  income of 119.4 mln dlrs, compared with 133.4 mln dlrs in 1985.
+  It said grain traffic recovered from drought-affected levels of
+  a year ago but was offset by weakness in other traffic areas
+  and increased expenses.
+      It said the net loss from its Soo Line increased to 33.5
+  mln dlrs loss from 8.7 mln dlrs loss in 1985, mainly due to
+  restructuring charges.
+      Canadian Pacific said favorable developments during the
+  year included reduced bulk shipping losses as a result of a
+  recovery in tanker markets and a turnaround in the forest
+  products sector.
+  
+
diff --git a/reuters/training/327 b/reuters/training/327
new file mode 100644
index 0000000000000000000000000000000000000000..04c6b74803477f2439df9c000304a8246efe5db2
--- /dev/null
+++ b/reuters/training/327
@@ -0,0 +1,32 @@
+DUTCH ANIMAL FEED USAGE DOWN IN FIRST HALF SEASON
+  Dutch animal feed usage in the first
+  half of the current season from July through December 1986 fell
+  7.6 pct to 6.5 mln tonnes from 7.1 mln in the same period of
+  1985, figures in the latest newsletter from the co-operative
+  Cebeco-Handelsraad show.
+      Tapioca usage fell 9.1 pct to 1.4 mln tonnes from 1.6 mln
+  in the first half of the 1985/86 season.
+      Grain usage fell 6.1 pct to 1.1 mln tonnes from 1.2 mln,
+  while soymeal usage fell 10 pct to 967,000 tonnes from 1.1 mln.
+      Cornglutenfeed usage fell 17.8 pct to 729,000 tonnes from
+  887,000, but cornfeedmeal usage nearly doubled to 399,000
+  tonnes from 201,000.
+      Citruspulp usage dropped 62.8 pct to 149,000 tonnes from
+  400,000 tonnes, while rapeseed and meal usage rose 9.6 pct to
+  217,000 tonnes from 198,000 and sunmeal rose 25.6 pct to
+  216,000 tonnes from 172,000 tonnes.
+      During the whole of the season from July 1985 to June 1986,
+  Dutch soymeal usage fell 12 pct to 1.9 mln tonnes from 2.1 mln
+  the previous season, while sunmeal usage rose 25 pct to 408,000
+  tonnes from 325,000.
+      Rapeseed and meal usage during the season also rose 14 pct
+  to 409,000 tonnes from 360,000, but citruspulp fell 37 pct to
+  516,000 tonnes from 826,000.
+      Meanwhile, the value of exports of agricultural products
+  from the Netherlands in calendar 1986 fell 5.4 pct to 48.7
+  billion guilders from 51.5 billion in calendar 1985, figures
+  from the Ministry of Agriculture show.
+      During the same period imports of agricultural products
+  dropped 13.1 pct to 31.2 billion guilders from 35.8 billion.
+  
+
diff --git a/reuters/training/3271 b/reuters/training/3271
new file mode 100644
index 0000000000000000000000000000000000000000..60505fee40f4b24c6e72c051c3d1fecc67ccca91
--- /dev/null
+++ b/reuters/training/3271
@@ -0,0 +1,23 @@
+FORD <F> SHARES RISE ON HIGHER EARNING ESTIMATE
+  Ford Motor Co's stock rose 1-1/4 to
+  82-1/4 after analyst Maryann Keller of Furman Selz Mager Dietz
+  and Birney raised earnings estimates on the company, traders
+  said.
+      Keller said that she expects the company's 1987 earnings to
+  rise to between 13.50-to-14 dlrs a share as compared to 12.32
+  dlrs a share earned last year.
+      She said Ford's already good market share is expected to
+  remain favorable and earnings from overseas are expected to
+  improve.
+      In addition, Keller said, the company is selling more of
+  its expensive model cars, which are more profitable.
+      The non-automotive operations, including Ford Motor Credit,
+  are also expected to post improved earnings this year.
+      Keller said she expects the company to split its stock and
+  raise its dividend to at least three dlrs a share this year.
+      She noted that Chrysler Corp's <C> announcement of a merger
+  proposal for American Motors Corp <AMO> should have no short
+  term effect on Ford but could cut into Ford's share of the
+  truck market in the long term.
+  
+
diff --git a/reuters/training/3272 b/reuters/training/3272
new file mode 100644
index 0000000000000000000000000000000000000000..34867618d1e4a6adfe0a3a9ffda30f63482621d8
--- /dev/null
+++ b/reuters/training/3272
@@ -0,0 +1,14 @@
+ITALY SHOWS INTEREST IN U.K. NEW CROP WHEAT
+  Italy has shown interest in British new
+  crop wheat recently but the actual volume booked so far by
+  Italian buyers has not been large, traders said.
+      They put purchases at around 50,000 tonnes for Sept/Dec
+  shipments but said some of the business was transacted at the
+  start of the year.
+      Italian interior home markets have been active in recent
+  weeks and traders said around 200,000 tonnes have traded
+  between dealers and home consumers. Some of this has been
+  covered in the market here and more possibly will be, traders
+  said.
+  
+
diff --git a/reuters/training/3273 b/reuters/training/3273
new file mode 100644
index 0000000000000000000000000000000000000000..6b11aad2f1dca0de6b5ab8bb1e9bd55370e8a708
--- /dev/null
+++ b/reuters/training/3273
@@ -0,0 +1,15 @@
+DUTCH RETAILER AHOLD SEES UNCHANGED 1987 PROFIT
+  Dutch food retailer Ahold
+  NV <AHLN.AS> expects unchanged profits in 1987 but said it will
+  take advantage of the lower dollar to expand further in the
+  U.S.
+      Turnover will grow but net profits are expected to remain
+  around the 1986 level of 132.4 mln guilders due to higher Dutch
+  taxes and a three-year expansion plan, Ahold Chairman Albert
+  Heijn told a news conference.
+      The profit forecast allows for a dollar rate around current
+  levels of just over three guilders.
+      Turnover and net profit in 1986 were hit by the dollar,
+  which fell to an average 2.46 guilders from 3.35 in 1985.
+  
+
diff --git a/reuters/training/3275 b/reuters/training/3275
new file mode 100644
index 0000000000000000000000000000000000000000..8ddf285e8182c063e0b8ffdfaad3901934813c01
--- /dev/null
+++ b/reuters/training/3275
@@ -0,0 +1,13 @@
+PITT-DES MOINES <PDM> GETS QUALIFIED AUDIT
+  Pitt-Des Moines Inc said it will
+  receive a qualified opinion from auditors on its 1986 and 1985
+  financial statements.
+      It said the qualification related to its inability to
+  determine the effects, if any, of the final resolution of a
+  suit filed against it by <Washington Public Power Supply
+  System>.  The 1985 suit was dismissed in a 1986 lower court
+  action, but the ultimate outcome of the matter is still
+  uncertain since Washington Public Power has appealed to the
+  U.S. Court of Appeals.
+  
+
diff --git a/reuters/training/3276 b/reuters/training/3276
new file mode 100644
index 0000000000000000000000000000000000000000..5354f77a3cbe79db52a6f3f12a038cf88c605bf9
--- /dev/null
+++ b/reuters/training/3276
@@ -0,0 +1,19 @@
+READING <RDGC> TO SELL PHILADELPHIA PROPERTIES
+  Reading Co said it has agreed in
+  principle to convey properties it owns in and around the
+  Philadelphia Convention Center site to the city of Philadelphia
+  and the Philadelphia Convention Center Authority.
+      It said in exchange it will receive about 23 mln dlrs in
+  cash, rights to acquire 22 acres adjacent to the Philadelphia
+  International Airport and an option to acquire the development
+  rights over the Gallery II shopping mall on Market Street in
+  downtown Philadelphia.
+      Reading said it will be responsible for the demolition and
+  cleanup of certain of the properties, for which a portion of
+  the cash proceeds will be escrowed.
+      The company said it will continue to own and operate the
+  Reading Terminal Market in Philadelphia.
+      The land it is giving up amounts to about seven acrease and
+  includes part of the Reading Terminal Train Shed, it said.
+  
+
diff --git a/reuters/training/3277 b/reuters/training/3277
new file mode 100644
index 0000000000000000000000000000000000000000..84a77d8a622383e2cf32b35a47429085068c62f3
--- /dev/null
+++ b/reuters/training/3277
@@ -0,0 +1,23 @@
+MONTEDISON ACQUIRES ARCO RESEARCH UNIT
+  Montedison SpA <MONI.MI> has acquired a 70
+  pct stake in <Plant Cell Research Institute - PCRI> of
+  California from Atlantic Richfield Co <ARC.N> for "several tens
+  of millions of dollars," a senior Montedison executive said.
+      Renato Ugo, a member of Montedison's management committee,
+  told reporters that <Stanford Research Institute International>
+  of Menlo Park, California, had acted as a partner in the
+  purchase, itself acquiring a stake in PCRI of under 10 pct.
+      PCRI, based in Dublin, California has a biotechnology
+  research laboratory.
+      Ugo said the price paid included outlays for the laboratory
+  technology and staff.
+      He said other negotiations were under way with
+  biotechnology companies in the health care and diagnostics
+  sectors through Montedison's health care subsidiary <Erbamont
+  NV>, but gave no details.
+      "We hope they will be concluded by the year end," he said.
+      Montedison currently invests around 30 billion lire a year
+  in biotechnology research and expects to increase this figure
+  to around 50 billion lire in the next few years.
+  
+
diff --git a/reuters/training/3278 b/reuters/training/3278
new file mode 100644
index 0000000000000000000000000000000000000000..bd0d023ffc34d1d4dea764c4c2fdabada583c2ac
--- /dev/null
+++ b/reuters/training/3278
@@ -0,0 +1,23 @@
+LMFE TO CONCENTRATE ON CASH SETTLED CONTRACTS
+  The London Meat Futures Exchange, LMFE,
+  will cease trading in its deliverable pigmeat contract from
+  April 3, the LMFE said.
+      The move will enable the exchange to concentrate on the
+  cash settled contracts introduced last year.
+      "This allows the exchange and its members to concentrate our
+  marketing on the pig and live cattle contracts," LMFE official
+  Peter Freeman said. "These two have already shown their
+  effectiveness for hedging, and the trade in both contracts is
+  increasing," he added.
+      "Using the futures market allows better planning and forward
+  price fixing that our industry needs," chairman Pat Elmer said.
+      Some 131 pig contracts were settled against the Meat and
+  Livestock Commission's Average All Pigs Price in February,
+  which represents hedging for over 13,000 pigs, more than twice
+  the number cash-settled in January, the LMFE said.
+      Cash settlement on the new cattle and pig contracts was
+  introduced last June in the expectation that the appeal of the
+  futures market to farmers, abattoirs and users of meat would
+  increase because of the absence of a delivery requirement.
+  
+
diff --git a/reuters/training/3282 b/reuters/training/3282
new file mode 100644
index 0000000000000000000000000000000000000000..f7818b146d933a63debd9b080cab4fa603215d88
--- /dev/null
+++ b/reuters/training/3282
@@ -0,0 +1,15 @@
+CBT TRADERS SEE LOWER SOYBEAN EXPORT INSPECTIONS
+  The USDA's weekly export inspection
+  report is expected to show a decline in soybean exports and
+  steady to slightly lower corn and wheat exports, according to
+  CBT floor traders' forecasts.
+      Traders projected soybean exports at 15 mln to 16 mln
+  bushels, down from 20.3 mln bushels a week ago and 25.5 mln
+  bushels a year ago.
+      Corn guesses ranged from 20 mln to 25 mln bushels, compared
+  with 21.9 mln bushels a week ago and 28.2 mln a year ago.
+      Wheat guesses ranged from 13 mln to 18 mln bushels,
+  compared with 14.1 mln bushels a week ago and 17.9 mln a year
+  ago.
+  
+
diff --git a/reuters/training/3283 b/reuters/training/3283
new file mode 100644
index 0000000000000000000000000000000000000000..d97599c8a054a56a64028392fb22dd06035d6878
--- /dev/null
+++ b/reuters/training/3283
@@ -0,0 +1,42 @@
+PRIMARY EUROSTERLING MARKET BOOMS DESPITE RATE CUT
+  Two new eurosterling bonds were launched
+  today, making a total of 10 new deals in the sector so far this
+  month, as borrowers rush to cash in on a bull sterling market
+  fueled by the strength of the pound and pre-budget euphoria.
+      The Bank of England finally gave way to a 1/2 point cut in
+  banks' base lending rates earlier today, but dealers said this
+  had been largely discounted and was not likely to detract from
+  the current popularity of sterling-denominated investments.
+      "Sterling, in any shape or form, is flavor of the month and
+  we're set to see many more eurosterling deals," one dealer said.
+      Today's new eurosterling bonds were a 10-year, 100 mln stg
+  deal for Sweden at 9-1/2 pct and priced at 101-1/4 pct, lead by
+  Baring Brothers and Co Ltd and a 14 year 60 mln stg convertible
+  deal for Storehouse Plc launched by SBCI International Ltd. "We
+  thought we saw a proverbial flood of new deals with the 14 we
+  had last month but it seems March will beat February hands down
+  with 10 already," one eurosterling specialist said.
+      "Optically, psychologically, these single figures are much
+  more attractive for the borrower. Eurosterling looks like a
+  cheap and attractive way to raise your money," he added.
+      This accounts for the wide variety of borrowers who have
+  tapped the sector recently, ranging from sovereigns such as the
+  Kingdom of Sweden today, continental banks including
+  Commerzbank and Deutsche Bank and British corporations.
+      Another U.K. Merchant bank analyst noted that the current
+  vogue for eurosterling enabled several corporate borrowers last
+  month to offer paper priced below comparative gilt yields.
+      A Storehouse official confirmed that the issue was aimed at
+  Swiss and German investors who were showing good interest.
+      This is the first entry into the long term international
+  capital markets by Storehouse, British designer Terence
+  Conran's retail conglomerate which incorporates U.K. Chain
+  stores Mothercare, British Home Stores and Habitat.
+      "We have been considering the move for quite some time now
+  and the current strength of the eurosterling sector provided
+  the perfect opportunity and spur for us to finally tap the
+  market," Lance Moir, corporate treasurer at Storehouse Plc told
+  Reuters.
+  
+  
+
diff --git a/reuters/training/3285 b/reuters/training/3285
new file mode 100644
index 0000000000000000000000000000000000000000..9923e39a6d25271ec1b4c4e547221c2cbb7df274
--- /dev/null
+++ b/reuters/training/3285
@@ -0,0 +1,21 @@
+EUROPE SHIPPING EXPORTS TO S AFRICA OFF 40 PCT
+  The volume of European exports to
+  South Africa carried by container line vessels has declined 40
+  pct in the last two years, British shipping executive Antony
+  Butterwick said.
+      Butterwick told reporters that despite the drop and low
+  freight rates, the shipping conference he heads will increase
+  the frequency of sailings to South Africa as a "very strong act
+  of faith and confidence" in the country's future.
+      He is chairman of the Europe South and South-East African
+  Conference Lines and joint managing director of P and O
+  Containers Ltd.
+      A statement issued by the conference here said frequency of
+  Southern Africa/Europe container service sailings is being
+  increased from nine to seven days.
+      "This is the most positive development on the shipping front
+  between South Africa and its main trading partners in Europe
+  for more than four years, when the service last operated
+  weekly," it said.
+  
+
diff --git a/reuters/training/3287 b/reuters/training/3287
new file mode 100644
index 0000000000000000000000000000000000000000..e44fbc654f86f07aab763f1575375f89fd476c1b
--- /dev/null
+++ b/reuters/training/3287
@@ -0,0 +1,56 @@
+MATHEMATICAL APPLICATIONS SETS OPERATIONS SALE
+  Mathematical Applications Group
+  Inc said it has signed a letter of intent to sell all of its
+  operating business and will propose a plan of liquidation
+  following the sale.
+      If the company is unsuccessful in obtaining the approvals
+  needed for the sale and liquidation, it said, the company may
+  be required to initiate reorganization proceedings under
+  federal bankruptcy law to facilitie the distribution of its
+  assets.
+      Mathematical Applications said it tentatively agreed to
+  sell its direct marketing business to Pagex Inc for 400,000
+  dlrs plus an amount equal to the working capital of the
+  business at closing as well as a 1.7 mln dlr note payable in
+  installments over six years.
+      Mathematical Applications said the business' working
+  capital is estimated to be about 600,000 dlrs.
+      Pagex has been formed by Paul A. Goldner the owner of Pagex
+  Systems Inc, which is also engaged in the direct marketing
+  computer service business.
+      Mathematical Applications said the tentative agreement
+  calls for Pagex to buy substantially all of the assets and
+  liabilities related to the direct marketing business and
+  continue to use the Mathematical Applications name.
+      It said the sale is also subject to renegotiation of a real
+  estate lease and approval of a definitive agreement by the
+  company's board, stock holders and debenture holders.
+      The company said it has obtained waivers from holders of
+  its six mln dlrs principal amount of debentures due March 31,
+  1993, to defer interest payments aggregating 270,000 dlrs
+  through March 31, 1987. The company said it will seek waivers
+  to defer these interest payments, and those due March 31, for
+  enough time to enable the company to accomplish the proposed
+  sale of its operations.
+      Mathematical Applications said it is talking to debenture
+  holders, its landlord, a lessor of equipment to the marketing
+  operation and holders of other liabilities not being assumed by
+  Pagex to arrange distribution of assets after the proposed
+  sale, adding that these assets will be significantly less than
+  its liabilities.
+      The company said it has obtained waivers from holders of
+  its six mln dlrs principal amount of debentures due March 31,
+  1993, to defer interest payments aggregating 270,000 dlrs
+  through March 31, 1987. The company said it will seek waivers
+  to defer these payments, and those due March 31, for enough
+  time to accomplish the proposed sale of its operations.
+      Mathematical Applications said it is talking to debenture
+  holders, its landlord, a lessor of equipment to the marketing
+  operation and holders of liabilities Pages is not assuming to
+  arrange distribution of assets after the proposed sale, adding
+  these assets will be significantly less than its liabilities.
+      As part of the distribution of assets, the company said, it
+  expects shareholders to receive an amount based on the bid
+  price of the company's stock, which was 1/16 on March five.
+  
+
diff --git a/reuters/training/3290 b/reuters/training/3290
new file mode 100644
index 0000000000000000000000000000000000000000..4caed33ee6b0756c35ab6046863e0650952de207
--- /dev/null
+++ b/reuters/training/3290
@@ -0,0 +1,10 @@
+FINANCIAL CORP <FIN> UNIT COMPLETES PURCHASE
+  Financial Corp of America's
+  American Savings and Loan Association said it completed the
+  previously announced purchase of 16 retail savings branches
+  from Great Western Financial Corp's <GWF> Great Western
+  Savings.
+      American Savings said the purchases boost its deposits by
+  about 550 mln dlrs, but do not affect its asset base.
+  
+
diff --git a/reuters/training/3292 b/reuters/training/3292
new file mode 100644
index 0000000000000000000000000000000000000000..799515ef3f9e7e096e3825b3649ee90aa121a213
--- /dev/null
+++ b/reuters/training/3292
@@ -0,0 +1,22 @@
+CENTRAL BANKERS SATISFIED WITH PARIS ACCORD
+  Central bankers said they
+  were generally satisfied with the response to the Paris accord
+  two weeks ago to stabilize currencies at around current levels.
+      Speaking after a meeting at the Bank for International
+  Settlements (BIS), which reviewed the agreement, they also
+  welcomed interest rates cuts in France and today's drop in
+  British rates.  One top official said the rate cuts would help
+  to stimulate growth generally in Europe and welcomed that
+  countries other than West Germany were seen to be helping
+  sustain the economy. 
+      The central bankers, who spoke on the condition they not be
+  named, said the meeting of governors from the Group of 10
+  countries also heard a report from Michel Camdessus, the new
+  managing director of the International Monetary Fund, on the
+  IMF's latest assessment of the debt crisis. In particular, they
+  discussed Brazil's debt moratorium.
+      But there was no sense of urgency, they said, and Brazil
+  had made no appeal for bridging loans from the BIS or central
+  banks.
+  
+
diff --git a/reuters/training/3295 b/reuters/training/3295
new file mode 100644
index 0000000000000000000000000000000000000000..1d91b1b5d017ea49257dbf36e4d075da994f277a
--- /dev/null
+++ b/reuters/training/3295
@@ -0,0 +1,10 @@
+JOHNSON PRODUCTS <JPC> SELLS TWO SUBSIDIARIES
+  Johnson Products Co Inc said it
+  completed the sale of Debbie's School of Beauty Culture Inc and
+  the assets of Ultra Precise Beauty Boutique Inc to management.
+      It said the sale price of 2,533,000 dlrs consisted of
+  700,000 dlrs cash, a secured promissory note for 1,506,000 dlrs
+  and the forgiveness of a debt of 327,000 dlrs owed by Johnson
+  Products to Debbie's School.
+  
+
diff --git a/reuters/training/3298 b/reuters/training/3298
new file mode 100644
index 0000000000000000000000000000000000000000..754ec183d6f1a5b8c59ee80fecdde90171fd9446
--- /dev/null
+++ b/reuters/training/3298
@@ -0,0 +1,36 @@
+USAIR <U> SEEKS TWO BILLION LOAN FOR TAKEOVERS
+  USAir Group Inc said it seeking two
+  billion dlrs in bank debt to complete its takeover of Piedmont
+  Aviation Inc <PIE> and its pending acquisition of PS Group
+  Inc's Pacific Southwest Airlines.
+      In a filing with the Securities and Exchange Commission
+  that details its proposed 69 dlr a share cash tender offer for
+  Piedmont, USAir said Manufacturers Hanover Trust Co <MHC>
+  "indicates its willingness" in a March 6 letter to provide up
+  to 500 mln dlrs of the financing.
+      Manufacturers Hanover would also to act as agent for a bank
+  group to raise the rest of the financing, USAir said.
+      USAir said a Manufacturers Hanover affiliate is currently
+  agent for its 400 mln dlrs revelving credit facility, which
+  would be replaced by the proposed two billion dlr financing.
+      USAir put its total cost of completing the tender offer at
+  1.7 billion dlrs. Its Pacific Southwest takeover, which has
+  received federal approval and is due to come up for shareholder
+  approval later this month, is for 17 dlrs a share, or 400 mln
+  dlrs total.
+      USAir said it has already bought 2.3 mln Piedmont common
+  shares, or 9.9 pct of the total outstanding from Norfolk
+  Southern Corp <NSC> for 161.9 mln dlrs.
+      The tender offer, which is being made through a USAir
+  subsidiary, USAG Acquisition Corp, would not be valid unless
+  USAir is left with more than half of Piedmont's total
+  outstanding common stock after the April 3 expiration.
+      While negotiations on terms and interest rates of its bank
+  loans are not yet complete, USAir said it expects them to be in
+  the form of a one billion dlr two-year term loan and a one
+  billion dlr seven-year revolving credit facility.
+      The company said it expects to repay the two-year loan
+  through equity, preferred and debt offerings and possibly
+  internal funds and the sale and/or leaseback of aircraft.
+  
+
diff --git a/reuters/training/3299 b/reuters/training/3299
new file mode 100644
index 0000000000000000000000000000000000000000..659a52a5fdb2ac073f5be44da10fe19be8daaa95
--- /dev/null
+++ b/reuters/training/3299
@@ -0,0 +1,5 @@
+U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS  SOYBEANS 18,616 WHEAT 16,760 CORN 25,193
+
+  U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS  SOYBEANS 18,616 WHEAT 16,760 CORN 25,193
+  
+
diff --git a/reuters/training/330 b/reuters/training/330
new file mode 100644
index 0000000000000000000000000000000000000000..b3ee320c3d483e4dbadf475498b8f3ed350e0a7d
--- /dev/null
+++ b/reuters/training/330
@@ -0,0 +1,31 @@
+U.K. CONFIRMS JANUARY STERLING M3 RISE
+  The Bank of England said the broad
+  measure of U.K. Money supply, Sterling M3, rose a seasonally
+  adjusted 1.1 pct in January after a 0.2 pct rise in December.
+      The unadjusted year-on-year rise was 17.6 pct after 18.1
+  pct in the year to December.
+      The narrow measure of money supply, M0, fell by a
+  seasonally adjusted 0.6 pct in January, and rose by a
+  non-adjusted 4.1 pct year-on-year, the Bank said.
+      The figures confirm provisional data issued by the Bank two
+  weks ago.
+      In December, M0 grew by a seasonally adjusted 1.4 pct and
+  by a non-seasonally adjusted 5.2 pct year-on-year.
+      The Bank said sterling bank lending grew by a
+  non-seasonally adjusted 1.75 billion stg in January. This also
+  confirmed provisional figures issued in February.
+      The measure of private sector liquidity, PSL2, fell 0.2 pct
+  in January, but after seasonal adjustment rose 0.6 pct, the
+  Bank said.
+      The Bank said the public sector contribution to the growth
+  in Sterling M3 was contractionary by about 2.3 billion stg.
+      Within this, the Public Sector Borrowing Requirement (PSBR)
+  showed a repayment of 3.7 billion stg, while the non-bank
+  private sector's holdings of government debt fell by about 1.1
+  billion stg.
+      There was a fall of 290 mln stg in notes and coin in
+  January, a fall of 1.5 billion stg in non-interest bearing
+  sight deposits, and a rise of 1.6 billion stg in interest
+  bearing sight deposits, the Bank said.
+  
+
diff --git a/reuters/training/3302 b/reuters/training/3302
new file mode 100644
index 0000000000000000000000000000000000000000..b5428b49006b21d04a03d73ad57eebff89a34088
--- /dev/null
+++ b/reuters/training/3302
@@ -0,0 +1,9 @@
+JANNOCK ACQUIRES 50 PCT OF INTERCON SECURITY
+  <Jannock Ltd> said it acquired a 50 pct
+  interest in Intercon Security Ltd for five mln dlrs and
+  Intercon founders Brian Legge and Richard Grange will hold the
+  remaining 50 pct and will continue to manage the company.
+      Intercon Security, employing 850 people, provides a full
+  range of security equipment and services, Jannock said.
+  
+
diff --git a/reuters/training/3303 b/reuters/training/3303
new file mode 100644
index 0000000000000000000000000000000000000000..1be8965728a73f3c4d74a5016ef4dbe2f0b12c88
--- /dev/null
+++ b/reuters/training/3303
@@ -0,0 +1,17 @@
+ CANADIAN OIL COMPANIES RAISE CRUDE PRICES
+  Petro-Canada, the state-owned oil
+  company, said it raised the contract price it will pay for
+  crude oil 64 Canadian cts a barrel, effective March six.
+      Petro-Canada's posted price for the benchmark light sweet
+  grade, Edmonton/Swann Hills at 40 api gravity, now stands at
+  21.95 Canadian dlrs/bbl. Their light sour grade is posted at
+  19.88 Canadian dlrs/bbl.
+      Earlier today, Shell Canada <SHC> said it raised its crude
+  postings about 47 Canadian cts/bbl, bringing Edmonton light
+  sweet to 21.95 Canadian dlrs/bbl, and the light sour crude to
+  19.95 Canadian dlrs/bbl.
+      Imperial oil <IMO.A>, a 70 pct owned subsidiary of Exxon
+  Corp, said that effective March five it also raised its light
+  sweet crude posting to 21.95 Canadian dlrs/bbl.
+  
+
diff --git a/reuters/training/3305 b/reuters/training/3305
new file mode 100644
index 0000000000000000000000000000000000000000..ec4dde65ec41099b3c20bf74ccb53831a9e7fc23
--- /dev/null
+++ b/reuters/training/3305
@@ -0,0 +1,5 @@
+DART GROUP SAID IT OFFERS TO BUY SUPERMARKETS GENERAL AT 41.75 DLRS/SHR
+
+  DART GROUP SAID IT OFFERS TO BUY SUPERMARKETS GENERAL AT 41.75 DLRS/SHR
+  
+
diff --git a/reuters/training/3306 b/reuters/training/3306
new file mode 100644
index 0000000000000000000000000000000000000000..d3af4ccc5239774d83c706734e3107ad1855246c
--- /dev/null
+++ b/reuters/training/3306
@@ -0,0 +1,29 @@
+FINAL 50/50 CORN CERTS SEEN AT 1.6 BILLION DLRS
+  The Agriculture Department will have
+  to release an estimated 1.6 billion dlrs worth of in-kind
+  certificates, or certs, to corn farmers this fall if USDA
+  decides to maintain an equal split of total 1986 feedgrain
+  deficiency payments in cash and certs, USDA officials said.
+      Final 1986 crop deficiency payments will be available to
+  feed grain producers in October. Wheat deficiency payments for
+  the 1986 crop, now complete, were made in a 50/50
+  cash-certificate split, and USDA officials have indicated they
+  want to do the same for feedgrains.
+      Over 3.2 billion dlrs of an estimated 6.0 billion in corn
+  deficiency payments have already been announced, with 1.42
+  billion dlrs (43 pct) set in certificates. The final payment
+  must be 1.6 billion dlrs in certs (57 pct) for a 50/50 split.
+      However, the release this month of almost 600 mln dlrs of
+  deficiency payments was equally divided in cash and certs,
+  doing nothing to bring up the percentage of certs.
+      Some USDA analysts said the payments reflected hesitation
+  from the Office of Managament and Budget to allow another huge
+  release of certs onto the market.
+      Bills are pending in Congress to move up the final
+  feedgrain deficiency payment to "as soon as five months after
+  harvest as possible," rather than the current year lag time.
+      Neither Rep. Edward Madigan (R-Ill.) nor Sen. Bob Dole
+  (R-Kans.), sponsors of the bills, have brought the legislation
+  forward. Aides said timing will depend on budget discussions.
+  
+
diff --git a/reuters/training/3309 b/reuters/training/3309
new file mode 100644
index 0000000000000000000000000000000000000000..8654faefa9100d85413f6d7f975473a1a0752f5a
--- /dev/null
+++ b/reuters/training/3309
@@ -0,0 +1,10 @@
+BCI HOLDINGS TO SELL BOTTLED WATER DIVISION
+  <BCI Holdings Corp>  said its <Beatrice
+  U.S. Food Corp> retained Shearson Lehman Brothers Inc to assist
+  in the sale of its national bottled water business.
+      It said products of the subsidiary, based in Monterey Park,
+  Calif., are sold under the Arrowhead brand name in California
+  and Arizona, the Ozarka name in Texas and the Great Bear name
+  in 11 northeastern states.
+  
+
diff --git a/reuters/training/331 b/reuters/training/331
new file mode 100644
index 0000000000000000000000000000000000000000..fca4fb7d45e497aeaa8fa4705af7f35f28e5d680
--- /dev/null
+++ b/reuters/training/331
@@ -0,0 +1,37 @@
+EXCO BUYS U.S. GOVERNMENT SECURITIES BROKER
+  <Exco International Plc>, a subsidiary of
+  British and Commonwealth Shipping Co Plc <BCOM.L>, said it had
+  agreed in principle to buy an 80 pct stake in <RMJ Holdings
+  Corp> for about 79 mln dlrs.
+      Exco Chairman Richard Lacy told Reuters the acquisition was
+  being made from Bank of New York Co Inc <BK.N>, which currently
+  holds a 50.1 pct, and from RMJ partners who hold the remainder.
+      Bank of New York and the partners will retain about 10 pct
+  each and these stakes will be bought over the next six years.
+      RMJ is the holding company of RMJ Securities, one of the
+  largest U.S. Government securities brokers.
+      It is also involved in broking notes, obligations and other
+  instruments sponsored by U.S. Federal agencies.
+      Lacy said Exco had been considering buying a U.S.
+  Government securities broker for the past four years and had
+  made an offer for RMJ when it was sold by Security Pacific Corp
+  <SPC.N> in 1985. RMJ was then valued at about 50 mln dlrs.
+      B and C managing director Peter Goldie said RMJ would be
+  bought at about the same multiple as Exco, suggesting net
+  income of around 16 mln dlrs.
+      The company's earnings had not been hit by the halving of
+  brokerage fees some 14 months ago as volumes had since doubled.
+      Lacy said that RMJ employed some 300 people, with 200 in
+  the brokerage business and about 70 in its <SMS> unit, which
+  provided computer software for the financial services
+  community.
+      RMJ Securities had offices in New York, where total market
+  turnover of U.S. Government securities was 110 billion dlrs a
+  day, and in London where it has 15 billion.
+      It was also given permission last week to open an office in
+  Tokyo where total market turnover had lifted rapidly to about
+  five billion dlrs a day.
+      The acquisition would contribute between five and 10 pct of
+  B and C's share earnings in 1987 on a proforma basis.
+  
+
diff --git a/reuters/training/3310 b/reuters/training/3310
new file mode 100644
index 0000000000000000000000000000000000000000..8a7fea8299107b03973ee68ad85330015edb9990
--- /dev/null
+++ b/reuters/training/3310
@@ -0,0 +1,14 @@
+LCE AND IPE ELECT FIRST TRADED OPTIONS MEMBERS
+  The first 23 members have been elected to
+  the joint traded options facility of the London Commodity
+  Exchange (LCE) and the International Petroleum exchange (IPE),
+  the exchanges said in a statement.
+      More firms have applied and the final tranche will be
+  admitted on April one and trading is planned to start in early
+  June on the new trading floor on Commodity Quay.
+      Traded options need a volatile and liquid futures base to
+  succeed and chairman of the joint formation committee Jack
+  Patterson said the existing LCE cocoa, coffee, sugar and IPE
+  gas oil contracts should have no difficulty in providing this.
+  
+
diff --git a/reuters/training/3311 b/reuters/training/3311
new file mode 100644
index 0000000000000000000000000000000000000000..74a2fda35f17e2b1a000808f88ef65cdaf634324
--- /dev/null
+++ b/reuters/training/3311
@@ -0,0 +1,5 @@
+USDA ESTIMATES 1986/87 USSR GRAIN IMPORTS  26.0 MLN TONNES VS 23.0 IN FEB, 29.9 IN 1985/86
+
+  USDA ESTIMATES 1986/87 USSR GRAIN IMPORTS  26.0 MLN TONNES VS 23.0 IN FEB, 29.9 IN 1985/86
+  
+
diff --git a/reuters/training/3312 b/reuters/training/3312
new file mode 100644
index 0000000000000000000000000000000000000000..f9b9bfa5900c4aeb12560acfa3bffa179966d72c
--- /dev/null
+++ b/reuters/training/3312
@@ -0,0 +1,5 @@
+USDA ESTIMATES 1986 SOVIET GRAIN CROP  AT 210 MLN TONNES VS 210 IN FEB, 192 YEAR-AGO
+
+  USDA ESTIMATES 1986 SOVIET GRAIN CROP  AT 210 MLN TONNES VS 210 IN FEB, 192 YEAR-AGO
+  
+
diff --git a/reuters/training/3313 b/reuters/training/3313
new file mode 100644
index 0000000000000000000000000000000000000000..97e87303d77a8f36428a3546ddf64275e283f1a9
--- /dev/null
+++ b/reuters/training/3313
@@ -0,0 +1,13 @@
+DART <DARTA> MAKES OFFER FOR SUPERMARKETS <SGL>
+  Dart Group Corp said it offered to
+  buy Supermarkets General Corp for 41.75 dlrs per share in cash.
+      Earlier Supermarkets General said an "unsolicited third
+  party" had made the offer. Analysts estimated the value at
+  about 1.6 billion dlrs, based on 38.5 mln shares outstanding.
+      Kidder, Peabody and Co Inc told Dart that Kidder's
+  affiliate will be prepared to advance up to 750 mln dlrs on a
+  subordinated basis.
+  
+  
+  
+
diff --git a/reuters/training/3314 b/reuters/training/3314
new file mode 100644
index 0000000000000000000000000000000000000000..8ec4471c659cca6f70c9bd1466d6147559250833
--- /dev/null
+++ b/reuters/training/3314
@@ -0,0 +1,18 @@
+USDA ESTIMATES SOVIET WHEAT, COARSE GRAINS
+  The U.S. Agriculture Department
+  forecast the Soviet 1986/87 wheat crop at 92.30 mln tonnes, vs
+  92.30 mln tonnes last month. It put the 1985/86 crop at 78.10
+  mln tonnes, vs 78.10 mln tonnes last month.
+      Soviet 1986/87 coarse grain production is estimated at
+  103.30 mln tonnes, vs 103.30 mln tonnes last month. Production
+  in 1985/86 is projected at 100.00 mln tonnes, vs 99.99 mln
+  tonnes last month.
+      USSR wheat imports are forecast at 15.00 mln tonnes in
+  1986/87, vs 14.00 mln tonnes last month. Imports in 1985/86 are
+  put at 15.70 mln tonnes, vs 15.70 mln tonnes last month. USDA
+  estimated Soviet 1986/87 coarse grain imports at 10.00 mln
+  tonnes, vs 8.00 mln tonnes last month, and 1985/86 imports at
+  13.70 mln tonnes, vs 13.70 mln tonnes last month.
+  
+  
+
diff --git a/reuters/training/3315 b/reuters/training/3315
new file mode 100644
index 0000000000000000000000000000000000000000..f7cf8be273bb5ab1a8b986eb14cfd164beaea418
--- /dev/null
+++ b/reuters/training/3315
@@ -0,0 +1,11 @@
+USDA ORANGE JUICE YIELD ESTIMATE
+  The U.S. Agriculture Department
+  projected an average yield of 1.47 gallons of frozen
+  concentrated orange juice per box (42.0 degree brix equivalent)
+  from Florida's 1986/87 crop.
+      That compares with 1.46 gallons per box previously and 1.38
+  gallons per box from the 1985/86 crop.
+      The crop reporting board said the estimates for the 1986/87
+  season are based on maturity and yields tests as of March 1.
+  
+
diff --git a/reuters/training/3317 b/reuters/training/3317
new file mode 100644
index 0000000000000000000000000000000000000000..f2ecccb9470cf265120d6f2b653f2fcb3460a680
--- /dev/null
+++ b/reuters/training/3317
@@ -0,0 +1,15 @@
+USDA WINTER/SPRING POTATO ESTIMATES
+  The U.S. Agriculture Department
+  estimated 1987 winter potato production, based on March 1
+  conditions, at 2,788,000 cwts (100 lbs), vs 2,764,000 cwts
+  indicated last month and 2,991,000 cwts last year.
+      The department estimated winter potato area for harvest at
+  11,900 acres, vs 11,900 acres last month and 12,300 acres in
+  1986.
+      The yield per harvested acre for winter potatoes is
+  estimated at 234 cwts per acre, vs 243 cwts last year.
+      The department also projected 1987 spring potato crop area
+  planted at 79,300 cwts, vs 77,400 cwts last year, and area for
+  harvest at 76,700 acres, vs 75,900 acres harvested last year.
+  
+
diff --git a/reuters/training/3318 b/reuters/training/3318
new file mode 100644
index 0000000000000000000000000000000000000000..f49c99649c4a65ec00f13381472d97b65982fe75
--- /dev/null
+++ b/reuters/training/3318
@@ -0,0 +1,15 @@
+MEATPACKERS STRIKE MORRELL SIOUX CITY PLANT
+  About 800 members of the United Food and
+  Commercial Workers Union, UFCWU, struck John Morrell's Sioux
+  City, Iowa, pork processing plant at midnight Sunday, a
+  spokesman for the UFCWU national said.
+      Meatpackers at the plant have been working without a
+  contract since the old pact expired January 31, UFCWU spokesman
+  John Mancuso said. The plant can slaughter and process about
+  13,000 to 14,000 hogs a day, he estimated.
+      The UFCWU bargaining committee and full membership rejected
+  in late January a contract proposal by John Morrell, a
+  subsidiary of United Brands Inc, he said.
+  
+  
+
diff --git a/reuters/training/332 b/reuters/training/332
new file mode 100644
index 0000000000000000000000000000000000000000..e56eaf384b1522878ac19747754678053c259c73
--- /dev/null
+++ b/reuters/training/332
@@ -0,0 +1,6 @@
+PAKISTAN TO TENDER FOR RBD PALM OIL
+  Pakistan will hold an import tender
+  tomorrow for 6,000 tonnes of refined bleached deodorised palm
+  oil for second half March shipments, traders said.
+  
+
diff --git a/reuters/training/3320 b/reuters/training/3320
new file mode 100644
index 0000000000000000000000000000000000000000..3026aeaa0c811ebf43bfe0eb9b2a6e41d48201eb
--- /dev/null
+++ b/reuters/training/3320
@@ -0,0 +1,18 @@
+CAESARS WORLD <CAW> BID VALUED AT 907 MLN DLRS
+  MTS Acquisition Corp said it will need
+  about 907 mln dlrs to acquire the 31,781,461 Caesars World Inc
+  shares not owned by its owner, Martin T. Sosnoff.
+      The estimate came in MTS Acquisition's proxy statement to
+  Caesars World shareholders describing its offer of 28 dlrs a
+  share for their stock which was announced this morning.
+      In that announcement, MTS Acquisition said its bank and
+  investor bankers felt they could provide financing totaling 975
+  mln dlrs for the offer.
+      Sosnoff is Caesars World's largest shareholders with
+  4,217,675 of the company's shares. That is about 11.7 pct of
+  the outstanding stock on a fully diluted basis, the proxy said.
+      Besides being the sole owner of MTS Acquisition, Sosnoff
+  owns 61 pct of Atalanta/Sosnoff Capital Corp's <ATL> stock and
+  is chairman of that investment management and brokerage firm.
+  
+
diff --git a/reuters/training/3322 b/reuters/training/3322
new file mode 100644
index 0000000000000000000000000000000000000000..fa447f8da4688e8c49b86289092c003c010d5c68
--- /dev/null
+++ b/reuters/training/3322
@@ -0,0 +1,13 @@
+CAROLIN MINES HAS NEW GOLD ASSAY RESULTS
+  Carolin Mines Ltd
+  said recent assays of tailings at its Hope, British Columbia
+  mine ranged from 0.50 to 0.64 ounces of gold per ton. 
+      There were only trace amounts of platinum and palladium,
+  the company said.
+      Carolin said the results sharply disagreed with an earlier
+  assay performed by Intergold U.S.A. Inc which showed 1.0 ounce
+  of gold per ton and 0.50 ounce of platinum per ton.
+      Carolin also said it expects to receive results of further
+  tests and assays of the tailings within two to three weeks.
+  
+
diff --git a/reuters/training/3323 b/reuters/training/3323
new file mode 100644
index 0000000000000000000000000000000000000000..2c6c9fad05d00e5437c95839c85714ff7b619cce
--- /dev/null
+++ b/reuters/training/3323
@@ -0,0 +1,12 @@
+CCC WHEAT CREDIT GUARANTEES FOR NORTH YEMEN
+  The Commodity Credit Corporation,
+  CCC, has authorized 25.0 mln dlrs in credit guarantees to North
+  Yemen to cover purchases of U.S. wheat under the Intermediate
+  Export Credit Guarantee Program (GSM-103), the U.S. Agriculture
+  Department said.
+      Under the program credit terms extended must be in excess
+  of three yeras, but not more than seven years.
+      All sales under the line must be registered and exports
+  completed by September 30, 1987, the department said.
+  
+
diff --git a/reuters/training/3324 b/reuters/training/3324
new file mode 100644
index 0000000000000000000000000000000000000000..392d6df85d9a63f039053c85b17a3d3ecde81db5
--- /dev/null
+++ b/reuters/training/3324
@@ -0,0 +1,15 @@
+CCC ACCEPTS EXPORT BONUS BARLEY MALT TO NIGERIA
+  The Commodity Credit Corporation,
+  CCC, has accepted one bonus offer from an exporter on the sale
+  of 4,400 tonnes of barley malt to Nigeria, the U.S. Agriculture
+  Department said.
+      The department said the bonus awarded was 100.00 dlrs per
+  tonne and was made to Rahr Malting Co and will be paid in the
+  form of commodities from the inventory stocks of the CCC.
+      The barley malt is scheduled for shipment during April,
+  1987.
+      An additional 76,300 tonnes of barley malt are still
+  available to Nigeria under the Export Enhancement Program
+  initiative announced December 10, 1986, it said.
+  
+
diff --git a/reuters/training/3327 b/reuters/training/3327
new file mode 100644
index 0000000000000000000000000000000000000000..0590ae698401743519e44fdb10590af1d88ff1f6
--- /dev/null
+++ b/reuters/training/3327
@@ -0,0 +1,14 @@
+CAROLIN MINES <CRLNF> HAS NEW ASSAY RESULTS
+  Carolin Mines Ltd
+  said recent assays of tailings at its Hope, British Columbia
+  mine indicated that ounces of gold per ton ranged from 0.64 to
+  0.50.
+      There were only trace amounts of platinum and palladium,
+  the company said.
+      Carolin said the results sharply disagreed with an earlier
+  assay performed by Intergold U.S.A. Inc which showed one ounce
+  of gold per ton and 1/2 ounce of platinum per ton.
+      Carolin also said it expects to receive results of further
+  tests and assays of the tailings within two to three weeks.
+  
+
diff --git a/reuters/training/3329 b/reuters/training/3329
new file mode 100644
index 0000000000000000000000000000000000000000..56a3d3d8ab7539891bca8049224e121469a584ba
--- /dev/null
+++ b/reuters/training/3329
@@ -0,0 +1,21 @@
+SEAMAN'S STRIKE CONTINUES, MARINES UNLOAD SHIPS
+  Brazilian marines were today
+  working on the unloading of ships at the local port as a
+  national strike by 40,000 seamen entered its 10th day without
+  signs of an agreement.
+      The halt, the first national strike by seamen in 25 years,
+  started on February 27, and union leaders said they would not
+  return to work unless they received a 275 pct pay rise.
+      Shipowners have offered a 100 pct raise, which the seamen
+  rejected.
+      "Television reported that the port was operating at full
+  speed, but that's not true," a striking seaman told Reuters.
+      "The marines are doing their best, but they don't have the
+  manpower nor the experience to control the situation in such a
+  quick period," he said.
+      Port officials said the national halt had already caused
+  losses estimated at 1.5 mln dlrs.
+      Despite the presence of marines, there were no reports of
+  incidents.
+  
+
diff --git a/reuters/training/3330 b/reuters/training/3330
new file mode 100644
index 0000000000000000000000000000000000000000..d4f5867036c903aacb4e1e8747ebd397aab92ed2
--- /dev/null
+++ b/reuters/training/3330
@@ -0,0 +1,24 @@
+USDA RAISES SOVIET GRAIN IMPORT ESTIMATE
+  The U.S. Agriculture Department
+  increased its estimate of Soviet 1986/87 grain imports to 26
+  mln tonnes from last month's projection of 23 mln tonnes.
+      In its monthly USSR Grain Situation and Outlook, USDA said
+  the increase reflected the return of the Soviet Union to the
+  U.S. corn market and continued purchases of both wheat and
+  coarse grain from other major suppliers.
+      USSR wheat imports were projected at 15 mln tonnes, up one
+  mln from last month's estimate and 700,000 tonnes below the
+  preliminary 1985/86 figure.
+      Soviet grain for feed use was estimated at a record 129 mln
+  tonnes. Record or near-record livestock inventories, along with
+  a dry fall which likely reduced late season pasturage, and a
+  cold winter have increased feed demand, USDA said.
+      USSR meat and egg production in January rose only slightly
+  from the previous January's level, while milk production
+  increased by nearly six pct.
+      Unusually cold weather in January and smaller increases in
+  roughage supplies during 1986 than in 1985 kept livestock
+  production from expanding as much as it did a year earlier,
+  USDA said.
+  
+
diff --git a/reuters/training/3332 b/reuters/training/3332
new file mode 100644
index 0000000000000000000000000000000000000000..1645746ca7f09bb65af0e26b62b7782d04fe80c2
--- /dev/null
+++ b/reuters/training/3332
@@ -0,0 +1,37 @@
+ECUADOR QUAKE TO CUT OIL REVENUES 800 MLN DLRS
+  up to 300 people were feared dead and more
+  than 15,000 people left homeless by thursday's earthquake,
+  which will cost Ecuador close to 800 mln dlrs in lost petroleum
+  revenues, authorities said.
+      They estimated the cost of repairing a damaged oil pipeline
+  at 150 mln dlrs.
+      "the magnitude of the damages caused by the earthquake is
+  gigantic," president leon febres cordero said after inspecting
+  the damages in napo, the hardest-hit jungle province, 100 miles
+  from here.
+      The quake damaged 40 km of an oil pipeline, forcing this
+  opec nation to suspend crude exports for four months, president
+  febres cordero said in a statement issued today by the
+  presidential press office.
+      The country would lose an estimated 800 mln dlrs in crude
+  exports until the pipeline was repaired, the president said. It
+  would cost 150 mln dlrs to repair the pipelline which carries
+  oil from jungle oil fields over the andes to Balao, a pacific
+  ocean port.
+      Crude traditionally accounts for up to two-thirds of
+  ecuador's exports.
+      the quake triggered landslides, swelling the aguarico river
+  which burst it banks carrying away homes and huts in napo
+  province, health minister jorge brancho told reuters.
+      "we fear that up to 300 people died in napo though there is
+  no way of now knowing the exact figure because many people have
+  disappeared," he said.
+      Other estimates ranged as high as 500 dead.
+      So far 20 corpses have been recovered, bracho said.
+      Information Minister Marco Lara told reporters: "the number
+  of dead and injured is not known ... because we do not know how
+  many people lived in the homes hit by the landslides."
+      Bracho said at least 15,000 were left homeless in the
+  cayambe district.
+  
+
diff --git a/reuters/training/3333 b/reuters/training/3333
new file mode 100644
index 0000000000000000000000000000000000000000..8d3014f081b4da85557d3d9a7b659acd37072a6e
--- /dev/null
+++ b/reuters/training/3333
@@ -0,0 +1,5 @@
+BUSINESS EDITOR THEODORE CROSS OFFERS 34 DLRS SHARE FOR HARPER AND ROW
+
+  BUSINESS EDITOR THEODORE CROSS OFFERS 34 DLRS SHARE FOR HARPER AND ROW
+  
+
diff --git a/reuters/training/3334 b/reuters/training/3334
new file mode 100644
index 0000000000000000000000000000000000000000..02c417c1ce077eab53c52a20f466219750981f19
--- /dev/null
+++ b/reuters/training/3334
@@ -0,0 +1,14 @@
+USDA ESTIMATES CANADIAN CROPS
+  The U.S. Agriculture Department
+  estimated Canada's 1986/87 wheat crop at 31.85 mln tonnes, vs
+  31.85 mln tonnes last month. It estimated 1985/86 output at
+  24.25 mln tonnes, vs 24.25 mln last month.
+      Canadian 1986/87 coarse grain production is projected at
+  27.62 mln tonnes, vs 27.62 mln tonnes last month. Production in
+  1985/86 is estimated at 24.95 mln tonnes, vs 24.95 mln last
+  month.
+      Canadian wheat exports in 1986/87 are forecast at 19.00 mln
+  tonnes, vs 18.00 mln tonnes last month. Exports in 1985/86 are
+  estimated at 17.71 mln tonnes, vs 17.72 mln last month.
+  
+
diff --git a/reuters/training/3335 b/reuters/training/3335
new file mode 100644
index 0000000000000000000000000000000000000000..4e3bff7a3822a444c71b0d4c0b4211fd9c0b40ca
--- /dev/null
+++ b/reuters/training/3335
@@ -0,0 +1,11 @@
+USDA ESTIMATES AUSTRALIA WHEAT CROP
+  The U.S. Agriculture Department
+  forecast Australia's 1986/87 wheat crop at 17.30 mln tonnes, vs
+  17.50 mln tonnes last month. It estimated 1985/86 output at
+  16.13 mln tonnes, vs 16.13 mln last month.
+      Australian wheat exports in 1986/87 are forecast at 14.50
+  mln tonnes, vs 15.00 mln tonnes last month, while exports in
+  1985/86 are estimated at 15.96 mln tonnes, vs 15.96 mln last
+  month.
+  
+
diff --git a/reuters/training/3336 b/reuters/training/3336
new file mode 100644
index 0000000000000000000000000000000000000000..f0b3b4cd650e45a74a402762981e4e047d5b8e8f
--- /dev/null
+++ b/reuters/training/3336
@@ -0,0 +1,22 @@
+BUSINESS EDITOR OFFERS 34 DLRS FOR HARPER <HPR>
+  Theodore Cross, editor of Business
+  and Society Review, a business publication, said an investor
+  group he heads has offered to buy Harper and Row Publishers Inc
+  for 34 dlrs a share cash.
+      In a filing with the Securities and Exchange Commission,
+  Cross said he proposed the takeover to the board of the New
+  York publishing house today.
+      Cross, whose investor group includes his wife, Mary, said
+  they already hold 261,650 Harper and Row common shares, or 6.0
+  pct of the total outstanding common stock. They said they have
+  spent 3.5 mln dlrs on their stake so far.
+      Cross said he proposed in a letter to Harper and Row that
+  the company be merged into a company Cross is forming.
+      Suggesting that the total cost of completing the merger
+  would be 190 mln dlrs, Cross said he would use 20 mln dlrs of
+  his own money for the deal and up to 170 mln dlrs which would
+  be borrowed from the First National Bank of Boston under a
+  revolving credit facility the bank has agreed to provide.
+  
+  
+
diff --git a/reuters/training/3337 b/reuters/training/3337
new file mode 100644
index 0000000000000000000000000000000000000000..c8a6273b156d876c6e6c44f2400dd93a613ae383
--- /dev/null
+++ b/reuters/training/3337
@@ -0,0 +1,20 @@
+FRANCE TO REQUEST PERMANENT MAIZE REBATES
+  French maize producers will ask the EC
+  Commission to grant permanent maize export rebates following
+  the recent EC/U.S. Accord guaranteeing the U.S. An annual
+  export quota of two mln tonnes of maize for Spain over four
+  years, the French maize producers association, AGPM, said.
+      The Commission has already decided to accord rebates for
+  the export of 500,000 tonnes of French maize, of which rebates
+  for around 100,000 tonnes have been granted.
+      The request will be made when export certificates have been
+  granted for all the 500,000 tonnes, the AGPM said.
+      The association said that the request would cover exports
+  to all destinations, adding that the Soviet Union, which has
+  important maize needs, is currently excluded from the list of
+  destination countries for the 500,000 tonnes of French maize.
+      The U.S. Agriculture Department has forecast Soviet maize
+  imports for the 1986/87 campaign at 4.90 mln tonnes against
+  10.40 mln in 1985/86.
+  
+
diff --git a/reuters/training/3338 b/reuters/training/3338
new file mode 100644
index 0000000000000000000000000000000000000000..af6f759f709270db3600a364b3d01984e7a563ac
--- /dev/null
+++ b/reuters/training/3338
@@ -0,0 +1,25 @@
+U.S. PAYMENTS GAP TO PERSIST, EX-FED CHIEF SAYS
+  The dollar will decline over the next
+  two to three years, but this is unlikely to result in a
+  complete reduction of the U.S. current account deficit, said
+  Anthony Solomon, chairman of S.G. Warburg (USA) Inc and former
+  president of the Federal Reserve Bank of New York.
+      In a presentation to the Japan Society, Solomon said
+  without elaboration that he expects a "significant decline in
+  the dollar," within the next three years.
+      "The dollar will fall more, but the current account deficit
+  will stop being reduced when it reaches its structural core,"
+  he said.
+      Solomon described the structural core as about one-half of
+  the current 150 billion dlr annual deficit. He cited several
+  factors which will prevent an elimination of the deficit.
+      For one thing, it is unlikely that there will be any new
+  investment in those manufacturing industries that shrank when
+  the dollar was at uncompetitive levels, he said.
+      In addition, he said that the U.S. has an increased
+  propensity to import in order to satisify consumer tastes.
+      Solomon forecast inflation at 4.5 pct by year-end, but said
+  it could be kept below five pct in the medium-term if oil
+  prices are stable and commodity values remain low.
+  
+
diff --git a/reuters/training/3339 b/reuters/training/3339
new file mode 100644
index 0000000000000000000000000000000000000000..9e6cc683a12ee802b4d3e200e928a60b447e910a
--- /dev/null
+++ b/reuters/training/3339
@@ -0,0 +1,15 @@
+CCC ACCEPTS EXPORT BONUS DAIRY CATTLE TO MOROCCO
+  The Commodity Credit Corporation,
+  CCC, has accepted a bonus offer from an exporter on the sale of
+  13 head of dairy cattle to Morocco, the U.S. Agriculture
+  Department said.
+      The department said the bonus awarded was 1,505.00 dlrs per
+  head and was made to Brown Swiss Enterprises Inc. It will be
+  paid in the form of commodities from CCC inventories.
+      The cattle are for delivery during March 9-September 30,
+  1987.
+      The department said the purchase completes the Export
+  Enhancement Program initiative for dairy cattle to Morocco
+  announced on April 16, 1986.
+  
+
diff --git a/reuters/training/334 b/reuters/training/334
new file mode 100644
index 0000000000000000000000000000000000000000..f74551787a20ba26f4ffd9d192f7d842a6dc405e
--- /dev/null
+++ b/reuters/training/334
@@ -0,0 +1,13 @@
+COLOROLL AGREES TO BUY U.S. WALLCOVERINGS COMPANY
+  <Coloroll Group Plc> said it has entered
+  into a conditional agreement to acquire the business and assets
+  of <Wallco Inc> and related companies for 14.5 mln dlrs.
+      Miami-based Wallco manufactures and distributes
+  wallcoverings and showed a pretax profit of 1.5 mln dlrs on
+  turnover of 37 mln in the year ending June 1986. The total U.S.
+  Market was estimated to be worth 840 mln dlrs in 1986, having
+  grown by 47 pct in the previous five years, Coloroll said.
+      The combined sales and profit of the enlarged Coloroll U.S.
+  Business would be 67 mln and four mln dlrs respectively.
+  
+
diff --git a/reuters/training/3340 b/reuters/training/3340
new file mode 100644
index 0000000000000000000000000000000000000000..e2464628cb4fc27735dd6aecbfc2c6e1e1e3887a
--- /dev/null
+++ b/reuters/training/3340
@@ -0,0 +1,15 @@
+CCC EXPORT BONUS DAIRY CATTLE FOR CANARY ISLANDS
+  The Commodity Credit Corporation,
+  CCC, has accepted a bonus offer from an exporter on the sale of
+  75 head of dairy cattle to the Canary Islands, the U.S.
+  Agriculture Department said.
+      The department said the bonus awarded was 1,459.00 dlrs per
+  head and was made to T.K. International Inc. It will be paid in
+  the form of commodities from the inventory of CCC stocks.
+      The cattle are for delivery during March-June, 1987, it
+  said.
+      An additional 3,925 head of dairy cattle are still
+  available to the Canary Islands under the Export Enahcnement
+  Program initiative announced July 28, 1986, it said.
+  
+
diff --git a/reuters/training/3341 b/reuters/training/3341
new file mode 100644
index 0000000000000000000000000000000000000000..699104ecc1d624f9d146e5a9c130e1bd96d219de
--- /dev/null
+++ b/reuters/training/3341
@@ -0,0 +1,5 @@
+U.S. CONSUMER CREDIT ROSE 536 MILLION DLRS IN JAN VS 144 MILLION DEC GAIN
+
+  U.S. CONSUMER CREDIT ROSE 536 MILLION DLRS IN JAN VS 144 MILLION DEC GAIN
+  
+
diff --git a/reuters/training/3342 b/reuters/training/3342
new file mode 100644
index 0000000000000000000000000000000000000000..66f7f955ac288347d8863e0ec513e038568cf9b3
--- /dev/null
+++ b/reuters/training/3342
@@ -0,0 +1,10 @@
+USX <X> UNIT RAISES SOME CRUDE POSTINGS
+  Marathon Petroleum Company, a
+  subsidiary of USX Corp <X>, said it raised the contract price
+  it pays for three grades of crude oil, effective March 6.
+      Illinois Sweet and Indiana Sweet are both being raised 50
+  cts a barrel to 16.75 dlrs/bbl, and the Southern Michigan grade
+  is being raised 25 cts/bbl, also to 16.75 dlrs a bbl.
+      The West Texas Intermediate grade was unchanged.
+  
+
diff --git a/reuters/training/3343 b/reuters/training/3343
new file mode 100644
index 0000000000000000000000000000000000000000..a74cffd8bc73a789bd368d23b3cbb0dfa5b45332
--- /dev/null
+++ b/reuters/training/3343
@@ -0,0 +1,5 @@
+UNITED BRANDS INC 4TH QTR SHR PROFIT SIX CTS VS LOSS 11 CTS
+
+  UNITED BRANDS INC 4TH QTR SHR PROFIT SIX CTS VS LOSS 11 CTS
+  
+
diff --git a/reuters/training/3344 b/reuters/training/3344
new file mode 100644
index 0000000000000000000000000000000000000000..fa8e3d1bcade03b558f1bc565a9f0d098984fd59
--- /dev/null
+++ b/reuters/training/3344
@@ -0,0 +1,16 @@
+NATIONAL FUEL GAS <NFG> SETS SPLIT, HIGHER PAYOUT
+  National Fuel Gas Co said its board has
+  approved a two-for-one stock split and will consider an
+  increased cash dividend at its June meeting.
+      The company also said management will recommend, at the
+  June board meeting, an increase of 12 cts per share in the
+  current annual dividend rate of 2.28 dlrs a share, raising it
+  to 2.40 dlrs per share, or 1.20 dlrs a share after the split.
+      National Fuel Gas said the split will be paid to holders of
+  record May 29.  A spokeswoman said the distribution date for
+  the split has not been determined.
+      The company said the split is subject to approval of the
+  Securities and Exchange Commission under the Public Utility
+  Holding Act. The company now has 11,928,871 shares outstanding.
+  
+
diff --git a/reuters/training/3345 b/reuters/training/3345
new file mode 100644
index 0000000000000000000000000000000000000000..28cffde8decdad742a36b809baa26f45fbf1b75c
--- /dev/null
+++ b/reuters/training/3345
@@ -0,0 +1,8 @@
+SENSORMATIC <SNSR> UPS CHECKROBOT <CKRB> STAKE
+  Sensormatic Electronics
+  Corp said it upped its investment in CheckRobot Inc in the form
+  of 2.5 mln dlrs of convertible preferred stock, raising its
+  stake in CheckRobot to 42 pct from 37 pct on a fully diluted
+  basis.
+  
+
diff --git a/reuters/training/3347 b/reuters/training/3347
new file mode 100644
index 0000000000000000000000000000000000000000..0e2bd8b59ac27f809db8d8788bc15879adf4a115
--- /dev/null
+++ b/reuters/training/3347
@@ -0,0 +1,16 @@
+UNION, SHIPPERS AGREE TO CUT N.Y. PORT COSTS
+  The New York Shipping Association and
+  International Longshoremen's Association said they agreed to
+  cut cargo assessments at the Port of New York and New Jersey by
+  more than 50 pct on some labor intensive cargos.
+      The charges on cargo handled by union workers will be
+  reduced to 2.85 dlrs a ton from 5.85 dlrs a ton, effective
+  April one, according to the agreement between the union and
+  shippers. The assessments are used to fund workers' benefits.
+      "What were doing is lowering the price to get more bulk
+  cargo flowing through here," a spokesman for the New York
+  Shipping Association said.
+  
+  
+  
+
diff --git a/reuters/training/3348 b/reuters/training/3348
new file mode 100644
index 0000000000000000000000000000000000000000..04789d442904f4e8ee1e801c67ea0fe8dda0b7a1
--- /dev/null
+++ b/reuters/training/3348
@@ -0,0 +1,13 @@
+TREASURY BALANCES AT FED ROSE ON MARCH 6
+  Treasury balances at the Federal
+  Reserve rose on March 6 to 3.879 billion dlrs from 3.467
+  billion dlrs the previous business day, the Treasury said in
+  its latest budget statement.
+      Balances in tax and loan note accounts fell to 12.453
+  billion drls from 14.350 billion dlrs on the same respective
+  days.
+      The Treasury's operating cash balance totaled 16.332
+  billion dlrs on March 6 compared with 17.817 billion dlrs on
+  March 5.
+  
+
diff --git a/reuters/training/3349 b/reuters/training/3349
new file mode 100644
index 0000000000000000000000000000000000000000..d9b25a691dbd7906270a211784f5c95312e09902
--- /dev/null
+++ b/reuters/training/3349
@@ -0,0 +1,11 @@
+CSX <CSX> UNIT SETS IMPROVED SHIPPING SERVICE
+  CSX Corp's Sea-Land Corp unit
+  said it will offer improved containership services between
+  Puerto Rico and the East Coast and Gulf Coast of the United
+  States, beginning March 16.
+      The carrier said it will provide shorter door-to-door
+  transit times, more convenient cargo availability and better
+  rail connections for traffic moving between Puerto Rico and
+  North America.
+  
+
diff --git a/reuters/training/3351 b/reuters/training/3351
new file mode 100644
index 0000000000000000000000000000000000000000..5de5366587d661edbc65904a0aaba3f0e54da8f5
--- /dev/null
+++ b/reuters/training/3351
@@ -0,0 +1,24 @@
+WORLD BANK REPORT CRITICISES PERU ECONOMIC PLAN
+  a confidential world bank report on the
+  peruvian economy said the government's strategy does not offer
+  good prospects for medium and long-term growth and is likely to
+  quickly lead to inflation.
+      The report, published today by an economic monthly, the
+  peru report, said the success of president alan garcia's
+  government in stimulating output last year to achieve eight pct
+  gross domestic product growth "represents gains in the short
+  term at the expense of the long."
+      Government officials had no immediate comment on the
+  report, which advised a reduction in the overall size of the
+  public investment programme and greater emphasis on the
+  preservation of peru's export potential.
+      The report said that although the government had succeeded
+  in cutting inflation 50 pct a year in the first half of 1985 to
+  under 70 pct, its stabilisation and reactivation programme was
+  encountering increasing difficulties.
+      "an early renewal of inflationary pressures, linked to
+  monetary expansion, exchange rate devaluation and an easing of
+  price controls, appears not improbable," it added.
+  
+  
+
diff --git a/reuters/training/3352 b/reuters/training/3352
new file mode 100644
index 0000000000000000000000000000000000000000..ca5e4da300197b2d27bb990d6b742036bd1f7d26
--- /dev/null
+++ b/reuters/training/3352
@@ -0,0 +1,32 @@
+MINISTERS FEEL EC FORECASTS TOO PESSIMISTIC
+  European Community finance ministers
+  discussed the economic outlook for the 12-nation bloc and many
+  said a recent gloomy forecast by the EC Commission was too
+  pessimistic.
+      The Commission, the EC's executive authority, two weeks ago
+  cut its forecast for economic growth in the Community to 2.3
+  per cent for this year from 2.8 per cent predicted last autumn.
+      It said economic prospects had been less promising over the
+  past few months because of a sharp fall in the value of the
+  dollar and a slowing of world trade -- factors which would
+  restrain Community exports.
+      But diplomats said several member states, led by West
+  Germany, Britain and France, felt the forecast was too gloomy,
+  especially since it was drafted before a recent agreement
+  between the leading Western economic powers to stabilise
+  currencies around current levels.
+      "Many delegations feel the (Commission's) report is rather
+  too pessimistic," said Belgian Finance Minister Mark Eyskens,
+  who chaired the meeting.
+      The Commission, which slashed its growth forecast for West
+  Germany to two per cent from 3.2 per cent, has made clear it
+  feels Bonn has room to introduce additional measures to
+  stimulate its economy that would benefit the rest of Europe.
+      But two top German officials, State Secretaries Otto
+  Schlecht and Hans Tietmeyer, told reporters Bonn saw no need at
+  the moment for action to bolster the EC's biggest economy.
+      The diplomats said they were backed by Britain and France,
+  while Italy, Greece and Denmark supported the Commission's view
+  that Bonn should bring in new measures to aid EC growth.
+  
+
diff --git a/reuters/training/3353 b/reuters/training/3353
new file mode 100644
index 0000000000000000000000000000000000000000..e0e1846945bee1c1abcac7fe8fef48e5e895a0d0
--- /dev/null
+++ b/reuters/training/3353
@@ -0,0 +1,23 @@
+U.S. CONSUMER CREDIT ROSE 536 MLN DLRS IN JAN
+  U.S. consumer instalment credit rose
+  a seasonally adjusted 536 mln dlrs in January after a revised
+  rise of 144 mln dlrs in December, the Federal Reserve Board
+  said.
+      The annual rate of growth in January was 1.1 pct, up from
+  0.3 pct in December. Previously the Fed said consumer credit
+  rose 105 mln dlrs in December.
+      Among the credit categories, auto credit fell in January to
+  1.02 billion dlrs from 2.06 billion dlrs in December, the Fed
+  said.
+      Revolving credit in January fell by 366 mln dlrs after
+  rising by 552 mln dlrs in December.
+      Mobile home credit was up by 130 mln dlrs after falling by
+  21 mln dlrs in December.
+      The category referred to as "other," covering bank and credit
+  union loans, fell by 250 mln dlrs in January after declining by
+  2.44 billion dlrs in December, the Fed said.
+      Before seasonal adjustment, consumer credit outstanding
+  totaled 580.37 billion dlrs at the end of January, compared
+  with 531.29 billion dlrs at the end of January, 1986.
+  
+
diff --git a/reuters/training/3354 b/reuters/training/3354
new file mode 100644
index 0000000000000000000000000000000000000000..93e240bb392f8adaa83e603e2e069d503a8e8ed7
--- /dev/null
+++ b/reuters/training/3354
@@ -0,0 +1,5 @@
+CONOCO RAISES CRUDE OIL PRICES UP TO ONE DLR BARREL, WTI AT 17.50 DLRS
+
+  CONOCO RAISES CRUDE OIL PRICES UP TO ONE DLR BARREL, WTI AT 17.50 DLRS
+  
+
diff --git a/reuters/training/3356 b/reuters/training/3356
new file mode 100644
index 0000000000000000000000000000000000000000..de2f252d1e5006d6aa75067ace688472e39ef31c
--- /dev/null
+++ b/reuters/training/3356
@@ -0,0 +1,13 @@
+VIACOM <VIA>, NAT'L AMUSEMENTS SEEK FAST MERGER
+  The chiefs of Viacom International Inc
+  and <National Amusements Inc> said they met and agreed to work
+  together to complete the previously announced merger of the two
+  companies "as expeditiously as possible."
+      A spokeswoman for Viacom declined to say if the executives
+  had set a timetable for closing the deal.
+      Viacom last week agreed to be acquired by National
+  Amusements for a combination of cash and stock with an
+  estimated value of 53 dlrs a share, or a total of about 3.4
+  billion dlrs.
+  
+
diff --git a/reuters/training/3358 b/reuters/training/3358
new file mode 100644
index 0000000000000000000000000000000000000000..1ccc0227fb35c8288efe7b27308ba0816ca6bf10
--- /dev/null
+++ b/reuters/training/3358
@@ -0,0 +1,12 @@
+ASCS BUYS PROCESSED PRODUCTS FOR DOMESTIC USE
+  The Agricultural Stabilization and
+  Conservation Service (ASCS) bought 25.7 mln pounds of wheat
+  flour at a cost of 2.8 mln dlrs for domestic shipment April
+  1-15 and April 16-30, an ASCS spokesman said.
+      ASCS also bought 11.1 mln pounds of bakers flour for 1.1
+  mln dlrs, 1.9 mln pounds of pasta for 408,258 dlrs, 1.4 mln
+  pounds of processed cereal products for 304,043 dlrs, 4.8 mln
+  pounds of corn products for 474,944 dlrs, and 16.3 mln pounds
+  of milled rice for 2.0 mln dlrs.
+  
+
diff --git a/reuters/training/3359 b/reuters/training/3359
new file mode 100644
index 0000000000000000000000000000000000000000..a88cdfa25201b7bdd9440511e33b89ec115417a6
--- /dev/null
+++ b/reuters/training/3359
@@ -0,0 +1,5 @@
+GENERAL CINEMA CORP 1ST QTR OPER SHR 43 CTS VS 47 CTS
+
+  GENERAL CINEMA CORP 1ST QTR OPER SHR 43 CTS VS 47 CTS
+  
+
diff --git a/reuters/training/336 b/reuters/training/336
new file mode 100644
index 0000000000000000000000000000000000000000..e10e904a95c33636d14c8bd7fe2141a1fb34b4b8
--- /dev/null
+++ b/reuters/training/336
@@ -0,0 +1,6 @@
+U.K. MONEY MARKET SHORTAGE FORECAST REVISED DOWN
+  The Bank of England said it revised its
+  forecast of the shortage in the money market down to around 700
+  mln stg from its original estimate of 800 mln.
+  
+
diff --git a/reuters/training/3360 b/reuters/training/3360
new file mode 100644
index 0000000000000000000000000000000000000000..93dc2ec0a9073462cc783abf6827361218e3f09e
--- /dev/null
+++ b/reuters/training/3360
@@ -0,0 +1,21 @@
+BANK BOARD SAYS MORTGAGE RATES DOWN IN FEBRUARY
+  The Federal Home Loan Bank Board said
+  interest rates on both fixed rate and adjustable rate home
+  mortgage loans were down substantially in early February.
+      The bank board said the average effective commitment rate
+  for fixed mortgages with a maturity of at least 15 years for
+  new home purchases dropped to 9.54 pct in early February, a 30
+  basis point decline from early January.
+      The commitment rate on adjustable rate mortgages declined
+  by 16 basis points in the same period bringing the average rate
+  to 8.5 pct, the bank board said.
+      The average effective interest rate on all loans closed by
+  major lenders declined 27 basis points from early January to
+  9.26 pct in early February, the lowest rate since March 1978,
+  the bank board said.
+      The average effective rate for fixed mortgages was was 9.51
+  pct, down 30 basis points from the early January level. The
+  average effective rate for adjustable rate mortgages declined
+  22 basis points to 8.61 pct, the bank board said.
+  
+
diff --git a/reuters/training/3363 b/reuters/training/3363
new file mode 100644
index 0000000000000000000000000000000000000000..dec168a70d21a578d755850ce546735cdd2c75c5
--- /dev/null
+++ b/reuters/training/3363
@@ -0,0 +1,5 @@
+NORANDA TO SPIN OFF FOREST INTERESTS INTO SEPARATE COMPANY
+
+  NORANDA TO SPIN OFF FOREST INTERESTS INTO SEPARATE COMPANY
+  
+
diff --git a/reuters/training/3364 b/reuters/training/3364
new file mode 100644
index 0000000000000000000000000000000000000000..c8038f6175e0dad49ebff08fe9a916082042e165
--- /dev/null
+++ b/reuters/training/3364
@@ -0,0 +1,25 @@
+API PRESIDENT SEES OPTIONS TO AVERT OIL CRISIS
+  American Petroleum Institute President
+  Charles DiBona said no options should be rejected to combat 
+  growing U.S. dependence on foreign oil.
+      "No action should be ruled out--import fees or quotas,
+  floor prices, tax incentives or other alternatives--while a
+  national dialogue on the issue continues," DiBona said at a 
+  paper institute conference in New York today.
+      DiBona said there is no unanimity within the industry on
+  how to stimulate energy production but there is consensus on
+  removing several government policies that hinder investments in
+  new prospects.
+      DiBona said the windfall profit tax should be abolished
+  immediately and current proposals for increased environmental
+  regulations on acid rain and waste disposal should be not
+  adopted. He also suggested that the Arctic National Wildlife
+  Refuge in Alaska should be opened up for leasing to oil
+  companies, DiBona said.
+      "This is a battle the industry cannot afford to lose if the
+  nation is to continue to benefit from Alaskan oil," DiBona
+  said. Since 1986 U.S. oil production has fallen while
+  consumption rose and that has raised dependence on imported
+  oil, particularly from OPEC, DiBona said.
+  
+
diff --git a/reuters/training/3365 b/reuters/training/3365
new file mode 100644
index 0000000000000000000000000000000000000000..fcd1adbe031b867825eb23f4d80029f789ad7a2d
--- /dev/null
+++ b/reuters/training/3365
@@ -0,0 +1,5 @@
+U.S. SELLS 3-MO BILLS AT 5.63 PCT, STOP 5.64 PCT, 6-MO 5.59 PCT, STOP 5.60 PCT
+
+  U.S. SELLS 3-MO BILLS AT 5.63 PCT, STOP 5.64 PCT, 6-MO 5.59 PCT, STOP 5.60 PCT
+  
+
diff --git a/reuters/training/3367 b/reuters/training/3367
new file mode 100644
index 0000000000000000000000000000000000000000..525ba97c2048781bc1708019fd08744a9bd8890f
--- /dev/null
+++ b/reuters/training/3367
@@ -0,0 +1,11 @@
+NATIONAL DISTILLERS <DR> CLOSES ALMADEN SALE
+  National Distillers and
+  Chemical Corp said it completed the sale of Almaden Vineyards
+  Inc to Heublein Inc for about 128 mln dlrs.
+      Heublein, a former subsidiary of RJR Nabisco Inc <RJR>, was
+  recently acquired by <Grand Metropolitan PLC>.
+      Almaden, based in San Jose, Calif., makes and sells table
+  wines, champagnes and brandies as well as some premium wines
+  under the Charles Lefranc Cellars label.
+  
+
diff --git a/reuters/training/3370 b/reuters/training/3370
new file mode 100644
index 0000000000000000000000000000000000000000..b025ce2300fa9715473193bbce734de3bb9c1910
--- /dev/null
+++ b/reuters/training/3370
@@ -0,0 +1,5 @@
+CEASARS WORLD SAYS IT IS STUDYING UNSOLICITED 28 DLR-PER-SHR OFFER BY MARTIN SOSNOFF
+
+  CEASARS WORLD SAYS IT IS STUDYING UNSOLICITED 28 DLR-PER-SHR OFFER BY MARTIN SOSNOFF
+  
+
diff --git a/reuters/training/3371 b/reuters/training/3371
new file mode 100644
index 0000000000000000000000000000000000000000..819f1da708338f490e52e97963c1a97e50e04de0
--- /dev/null
+++ b/reuters/training/3371
@@ -0,0 +1,31 @@
+U.S. BILL AUCTION RATES AVERAGE 5.63, 5.59 PCT
+  The U.S. Treasury said its weekly
+  auction of three-month bills produced an average rate of 5.63
+  pct, with a 5.59 pct rate on six-month bills.
+      These rates compared with averages of 5.47 pct for the
+  three- and 5.51 pct for the six-month bills sold last week.
+      The bond-equivalent yield on three-month bills was 5.81
+  pct. Accepted bids ranges from 5.61 pct to 5.64 pct and 29 pct
+  of the bids at the high, or stopout rate, were taken. For six
+  months, the yield was 5.85 pct and the bids ranges from 5.56
+  pct to 5.60 pct with 30 pct of the bids accepted.
+      The Treasury said it received 30.9 billion dlrs of bids for
+  the three-month bills, including 1.0 billion dlrs in
+  non-competitive bids from the public. It accepted 6.6 billion
+  dlrs of bids, including 2.2 billion dlrs from the Federal
+  Reserve and 9.1 mln dlrs from foreign and international
+  monetary authorities.
+      Some 25.7 billion dlrs in bids for six-month bills were
+  received, including 785 mln dlrs in non-competitives. The
+  Treasury accepted 6.6 billion dlrs, including 1.9 billion dlrs
+  from the Fed and 942 mln dlrs from foreign and international
+  authorities.
+      The average price for the three-month bills was 98.577 and
+  prices ranged from 98.574 to 98.582.  The average price for the
+  six-months bills was 97.174, and prices ranged from 97.169 to
+  97.189.
+      The average yield on the three-month bills was the highest
+  since 5.66 pct on Feb 17. The average yield on the six-month
+  bills was the highest since 5.70 pct on Feb 17.
+  
+
diff --git a/reuters/training/3372 b/reuters/training/3372
new file mode 100644
index 0000000000000000000000000000000000000000..aea854e1b9b86658936050175f79a12e26ed0811
--- /dev/null
+++ b/reuters/training/3372
@@ -0,0 +1,25 @@
+CANADA MULLING SELLING PETRO-CANADA - MULRONEY
+  Prime Minister Brian Mulroney said the
+  government was considering selling Petro-Canada and the sale
+  would proceed if it were in the national interest to do so.
+      Mulroney told the House of Commons assets of the huge oil
+  company would be examined before a decision was made, just as
+  other state-run companies were studied before being sold under
+  Ottawa's privatization program.
+      "The government is going to examine assets of this nature
+  to ascertain if they continue to play an appropriate role in
+  public policy and we will make a determination as we have in
+  other cases," Mulroney told the daily question period.         
+      Asked by opposition members to clairify Finance Minister
+  Michael Wilson's statement on Friday that Petro-Canada no
+  longer has any pubilic policy role, Mulroney said his
+  government has long promised to sell off companies that could
+  be better run by the private sector.
+      Outside the House, Energy Minister Marcel Masse said
+  Petro-Canada would be worth between three and four billion dlrs
+  and, because of the size, could be difficult to sell.
+      He also said he would prefer to see Canadians participating
+  in any privatization, but would not give any details on timing
+  of a sale.          
+  
+
diff --git a/reuters/training/3377 b/reuters/training/3377
new file mode 100644
index 0000000000000000000000000000000000000000..38adb351a522f1b8f7acd706e73325ce74530a98
--- /dev/null
+++ b/reuters/training/3377
@@ -0,0 +1,6 @@
+NEWS CORP <NWS> COMPLETES PURCHASE OF NEWSPAPER
+  The News Corp said the South China
+  Morning Post Ltd of Hong Kong become a wholly-owned subsidiary
+  March 7 as previously announced.
+  
+
diff --git a/reuters/training/3378 b/reuters/training/3378
new file mode 100644
index 0000000000000000000000000000000000000000..3d59af5765846ec759980dd88d70f524e463b37b
--- /dev/null
+++ b/reuters/training/3378
@@ -0,0 +1,8 @@
+RICHMOND HILL<RICH>, RIVERHEAD END MERGER TALKS
+  Richmond Hill Savings Bank and
+  <Riverhead Savings Bank FSB> said they terminated their
+  previously announced merger negotiations.
+      The banks gave no reason for ending the talks, which began
+  on January 14.
+  
+
diff --git a/reuters/training/338 b/reuters/training/338
new file mode 100644
index 0000000000000000000000000000000000000000..5939d7eb7b972d0d7b767615f581fda065ad9c86
--- /dev/null
+++ b/reuters/training/338
@@ -0,0 +1,13 @@
+SWEDEN TO GO AHEAD WITH S. AFRICAN TRADE SANCTIONS
+  Sweden's ruling Social Democratic
+  Party gave full power to the government to decree unilateral
+  trade sanctions against South Africa, Prime Minister Ingvar
+  Calrsson said.
+      Carlsson told a news conference the party decided the fight
+  against apartheid took priority over Sweden's traditional
+  policy of only adopting sanctions with the backing of the U.N.
+  Security Council.
+      The government will decide later what form the trade
+  boycott will take and when it will come into force.
+  
+
diff --git a/reuters/training/3380 b/reuters/training/3380
new file mode 100644
index 0000000000000000000000000000000000000000..ec2ab71ba02026de245830b3deff7b26ed5ec235
--- /dev/null
+++ b/reuters/training/3380
@@ -0,0 +1,29 @@
+GENERAL CINEMA <GCN> POOR SEASON LOWERS NET
+  General Cinema Corp said
+  lower attendence at its theatres against last year's record
+  Christmas season lowered its first fiscal quarter operating
+  earnings nine pct to 15.9 mln dlrs.
+      "While we are not off to as good a start in fiscal 1987 as
+  we would like, business has picked up in the last few weeks,"
+  chairman Richard Smith said.
+      He said that the company expected net pricing to be higher
+  and unit volume to improve in the remaining quarters of the
+  fiscal year.
+      The company added that operating earnings in its theatre
+  unit will be higher in fiscal 1987 if the important summer
+  season film releases perform well.
+      In addition, its other key business, General Cinema
+  Beverages, is expected to achieve record operating results for
+  the full year, Smith said.
+      The company's superstar video business which rents video
+  cassettes in supermarkets continues to operate at an expected
+  loss, the company added.
+      General Cinema said the financing costs associated with its
+  purchase of 3.5 mln Carter Hawley Hale Stores Inc <CHH> shares
+  for 177.9 mln dlrs, and its 89.7 mln sterling investment in
+  <Cadbury Schweppes PLC>, lowered first quarter net.
+      But it said the loss was offset by a 2.5 mln dlr gain on
+  the sale of common shares of Sea-Land Corp, a unit of CSX Corp
+  <CSX>.
+  
+
diff --git a/reuters/training/3381 b/reuters/training/3381
new file mode 100644
index 0000000000000000000000000000000000000000..69c8b1b4409b898cd273ae02756e8d6fafb25bb5
--- /dev/null
+++ b/reuters/training/3381
@@ -0,0 +1,14 @@
+CEASARS WORLD <CAW> STUDYING SOSNOFF OFFER
+  Ceasars Wold Inc said its board is
+  studying the unsolicited and conditional tender offer for all
+  its common shares at 28 dlrs per share from Martin T. Sosnoff.
+      A company spokesman said the board expects to make a
+  recommendation "shortly", but could not specify a time period.
+      Ceasars World Chairman Henry Gluck in a statement urged
+  shareholders not to take any action with respect to the offer
+  prior to the board's recommendation.
+      Sosnoff made the offer directly to shareholders in a
+  newspaper advertisement through a company he formed, called MTS
+  Acquisition Corp. It expires April 3.
+  
+
diff --git a/reuters/training/3382 b/reuters/training/3382
new file mode 100644
index 0000000000000000000000000000000000000000..00fdb76bcb430763908b6b34941aa673d751ce8d
--- /dev/null
+++ b/reuters/training/3382
@@ -0,0 +1,6 @@
+AMERICUS TRUST <BYU> <BYP> INITIAL QTRLY DIV
+  Americus Trust For Bristol Myers shares
+  announced an initial dividend of 68.75 cts payable May 12 for
+  shareholders of record April 3.
+  
+
diff --git a/reuters/training/3384 b/reuters/training/3384
new file mode 100644
index 0000000000000000000000000000000000000000..2a9670c84cd802d91c6e2ebf4706f7e47c6d4528
--- /dev/null
+++ b/reuters/training/3384
@@ -0,0 +1,14 @@
+UNITED SECURITY <UNSE> TO BUY ROBERT BROWN UNIT
+  United Security Financial Corp of
+  Illinois said it has signed a letter of intent to buy Robert
+  Co. Brown and Co Inc's <RCBI> MAGIC Insurance Group unit.
+      Robert C. Brown and Co would receive newly issued United
+  Security stock. United Security said it is anticipated that
+  such stock would represent a substantial majority of the shares
+  outstanding after the merger.
+      United Security's principal subsidiary is United Security
+  Life Insurance Co of Illinois. The MAGIC Group owns Pilgrim
+  Life Insurance Co of America and Middle Atlantic Life Insurance
+  Co.
+  
+
diff --git a/reuters/training/3386 b/reuters/training/3386
new file mode 100644
index 0000000000000000000000000000000000000000..0a825f8171f1f21236f7a2165d6185de09b2daa0
--- /dev/null
+++ b/reuters/training/3386
@@ -0,0 +1,6 @@
+GRAIN SHIPS LOADING AT PORTLAND
+  There were three grain ships loading
+  and two ships were waiting to load at Portland, according to
+  the Portland Merchants Exchange.
+  
+
diff --git a/reuters/training/3387 b/reuters/training/3387
new file mode 100644
index 0000000000000000000000000000000000000000..7183ee8e8151781a922388c5e2a4ffbdbc93796c
--- /dev/null
+++ b/reuters/training/3387
@@ -0,0 +1,22 @@
+WARRINGTON SELLS SHOE DIVISIONS
+  (Warrington Inc) said it sold its shoe
+  divisions to Montreal-based (Taurus Footwear Inc) for
+  undisclosed terms.
+      The divisions manufacture and distribute Greb, Hush
+  Puppies, Kodiak, and Santana brand shoes and had revenues of
+  about 69 mln dlrs last year, Warrington said. It said the sale
+  of the shoe divisions and the previous sale of its ski boot
+  businesses will result in an unspecified net gain.
+      Warrington said it plans to concentrate on its Canstar
+  Sports Group Inc skate and athletic footwear division, the
+  largest ice skate manufacturer and distributor in the Western
+  world.
+      Warrington said it decided to rationalize the balance of
+  its ski businesses, which is expected to result in a divestment
+  loss which could outweigh the net gains on the sales of its
+  shoe and ski boot divisions.
+      Taurus said the acquisition is expected to increase its
+  annual sales to about 100 mln dlrs and make it Canada's largest
+  footwear manufacturer.
+  
+
diff --git a/reuters/training/3389 b/reuters/training/3389
new file mode 100644
index 0000000000000000000000000000000000000000..263de668c2f075c147a03217d406bcb4eb06ae94
--- /dev/null
+++ b/reuters/training/3389
@@ -0,0 +1,14 @@
+DUPONT <DD> UNIT RAISES CRUDE OIL PRICES
+  Conoco Inc, a subsidiary of DuPont
+  Corp, said it was increasing its contract prices for crude oil
+  between 10 cts and one dlr a barrel, effective today.
+      Conoco said the increase brings its price for the U.S.
+  benchmark crude West Texas Intermediate to 17.50 dlrs a barrel,
+  up one dlr.
+      South Louisiana Sweet, also up one dlr, is now 17.85 dlrs.
+  West Texas Sour was up 10 cts to 16.60 dlrs a barrel.
+      Conoco was the last company to raise prices following a
+  series of increases initiated last week by Sun Co <SUN>, which
+  reversed the posted price cuts made at the end of February.
+  
+
diff --git a/reuters/training/3390 b/reuters/training/3390
new file mode 100644
index 0000000000000000000000000000000000000000..e95e2e2acae9dad9f11146c15129840623e5ba2d
--- /dev/null
+++ b/reuters/training/3390
@@ -0,0 +1,69 @@
+CBT DISCUSSES MAJOR CHANGES FOR RENOVATION
+  Chicago Board of Trade (CBT)
+  agricultural and financial futures markets could be in for a
+  period of major upheaval later this year if the exchange goes
+  ahead with planned renovation.
+      A CBT spokesman told Reuters the exchange was looking at a
+  number of options to identify the most cost effective and
+  efficient way to proceed, including one which would involve
+  moving the entire grains floor out of the building and into the
+  nearby MidAmerica Commodity Exchange.
+      "One of (CBT Chairman) Karsten Mahlmann's agenda items has
+  been to proceed with renovation in the financial futures room,"
+  the spokesman said.
+      Another CBT official, executive vice president George
+  Sladoje, said the issue would be discussed this Friday at a
+  special meeting on the exchange floor.
+      A number of presentations have been made with regard to
+  renovating the financial futures room, Sladoje said. "We've
+  looked at five or six different alternatives, involving such
+  things as flip-flopping the trading rooms," he added.
+      It is conceivable that under a couple of these plans, we
+  might use the MidAmerica Exchange temporarily for some CBT
+  markets, Sladoje said.
+      "If we move out of one floor entirely, then the
+  construction period will be about a year," he said, adding that
+  the issue was likely to go to a membership vote first and then
+  be on the drawing board for eight months to a year.
+      The CBT spokesman stressed that discussions were very
+  preliminary at this stage and nothing was likely to begin until
+  this summer at the earliest.
+      In order to renovate the crowded financial futures pits,
+  exchange officials have discussed providing them a temporary
+  home next door in the present grains-dominated area.
+      This could involve moving CBT markets in U.S. Treasury Bond
+  futures, Treasury Notes, Muni-bonds, and options on T-Bonds and
+  T-Notes through an adjoining corridor, while utilizing the
+  MidAmerica floor for such CBT futures contracts as corn, wheat,
+  soybeans, soybean products and agricultural options.
+      Any such moves could meet with opposition among some CBT
+  members.
+      One senior floor trader said the financial futures room
+  badly needs renovating.
+      "There is talk the grains floor will shift to the MidAm and
+  the financials will move to the grains area," he said.
+      The CBT spokesman said another option being discussed was
+  to renovate the financial floor in quadrants, one quarter at a
+  time. "The first step, after deciding the most effective way to
+  proceed, would be to get architectural and engineering
+  drawings," he said.
+      He added that it was difficult at present to determine an
+  exact time frame for any possible moves. "This is a major
+  undertaking and a process that would spread out over next
+  year," he said.
+      Floor traders at the MidAmerica Commodity Exchange, which
+  merged with the CBT about a year ago, said they were preparing
+  to vacate their floor at the end of this month.
+      Space has recently been cleared for them at the CBT by
+  moving its Major Market Index pit into the area once reserved
+  for lightly-traded CBT gold and silver futures, which now share
+  their trading area.
+      The MidAm specializes in mini-contracts in grains,
+  livestock, metals, financials and foreign currencies as well as
+  some options contracts.
+      "Rumor has it that the CBT grains are coming over here
+  because the bonds are too crowded," one MidAm trader said.
+      Another source at the MidAm said this change could take
+  place by July or August.
+  
+
diff --git a/reuters/training/3394 b/reuters/training/3394
new file mode 100644
index 0000000000000000000000000000000000000000..44857f2f9f26a680d1ce8a4d8869b61961886d7a
--- /dev/null
+++ b/reuters/training/3394
@@ -0,0 +1,25 @@
+GROUP SEEKS PRIME MEDICAL <PMSI> HOLDER LIST
+  A group of investment firms led by
+  Far Hills, N.J., investor Natalie Koether said it is seeking
+  information about the shareholders of Prime Medical Services
+  Inc, over which it has said it is seeking control.
+      In a filing with the Securities and Exchange Commission,
+  the group, which includes Shamrock Associates, included a March
+  6 letter to Prime which asks for a complete list of all
+  shareholders and their addresses.
+      The group said it wants the information so it can contact
+  shareholders on issues, including election of an opposition
+  slate of directors to the board and other proxy contests.
+      The Koether group's letter gives the company five days to
+  respond to its request. If there is no response from Prime
+  Medical, the group said it would consider the demand refused
+  and would take "other proper steps" to get the information.
+      The group said it already holds 1,483,886 Prime Medical
+  shares, or 17.5 pct of the total. It said it has taken legal
+  action to try to force the company to set an annual meeting and
+  require all directors to stand for election.
+      In a previous SEC filing, the group has said it has decided
+  to try to seek control of Prime Medical through a tender offer,
+  exchange offer, proxy contest or other ways.
+  
+
diff --git a/reuters/training/3395 b/reuters/training/3395
new file mode 100644
index 0000000000000000000000000000000000000000..dbb209b151dcd3ccd211ce0f5cfa3231be35bda0
--- /dev/null
+++ b/reuters/training/3395
@@ -0,0 +1,8 @@
+<GRAND METROPOLITAN PLC> UNIT TO SELL BUSINESS
+  Grand Metropolitan PLC said its
+  Grandmet USA Inc unit decided to sell its physical fitness and
+  exercise equipment business.
+      The company said Morgan Stanely and Co Inc is advising it
+  on the sale of the business.
+  
+
diff --git a/reuters/training/3396 b/reuters/training/3396
new file mode 100644
index 0000000000000000000000000000000000000000..a72c90f66da3638d7ce78bb59c3f715388a724e3
--- /dev/null
+++ b/reuters/training/3396
@@ -0,0 +1,55 @@
+CHRYSLER <C> AMC BUYOUT VALUED AT 1.55 BILLION
+  Chrysler Corp's proposed acquisition of
+  American Motors Corp is valued at about 1.55 billion dlrs,
+  including the cost of acquisition and the 767 mln dlrs in
+  American Motor' debt that Chrysler will assume, analysts said.
+      They said Chrysler's cost of acquisition was valued at  782
+  mln dlrs, paid in cash, notes and Chrysler shares.
+      The analysts told Reuters that at a New York briefing
+  Chrysler treasurer Fred Zuckerman outlined his company's
+  agreement with Renault to assume AMC's debt as well as 332 mln
+  dlrs in unfunded pension liabilities, though the latter is not
+  included valuing the transaction.
+      Analysts were generally positive on Chrysler's proposed
+  purchase of its much-smaller rival, but said they expected the
+  transaction would carry with it a short-term dilution in
+  Chrysler's earnings.
+      A Chrysler financial source, speaking anonymously, told
+  Reuters that the proposed purchase price was smaller than it
+  would have been had a deal been struck last year because the
+  impact of the new U.S. tax law removes Chrysler's ability to
+  assume AMC's large reserve of tax-loss carryforwards
+  accumulated from its losses since 1980.
+      "There were very serious discussions last fall but we
+  didn't pull it off," the source said in a reference to the
+  assassination in November of former Renault chairman Georges
+  Besse.
+      "It's too bad because the tax benefits fell on the floor.
+  And Renault could have gotten a much better price if we'd done
+  it before the end of last year."
+      In addition to AMC's debt and its pension liabilities, the
+  source said Chrysler would also assume any liability from
+  lawsuits over the safety of Jeeps, which he called "an overhang
+  to the company."
+      Analysts quoted Chrysler officials as having told them that
+  the deal includes payment to Renault of 200 mln dlrs principal
+  in the form of a 10-year note at eight pct interest, 35 mln
+  dlrs cash for Renault's equity in AMC's finance subsidiary, 25
+  mln dlrs in cash for "transaction fees" in connection with the
+  acquisition and 522 mln dlrs worth of Chrysler stock to be paid
+  AMC shareholders.
+      "The big number is the 767 mln dlrs in debt assumption,"
+  analyst Jack Kirnan of Kidder Peabody and Co told Reuters.
+       Moody's Investors Service Inc said it may downgrade 12
+  billion dlrs of Chrysler Corp and unit debt due to the deal.
+       But the Chrysler source said that in assuming AMC's
+  liabilities, his company will refinance at a lower rate any AMC
+  debt that is being carried at "non-market" rates.
+      He said there were difficulties in negotiating with the
+  previous Renault management on the acquisition because they
+  were committed to the group's business plan of which AMC was an
+  integral part.
+      "The new management didn't have that problem - AMC wasn't
+  their baby," he said.
+  
+
diff --git a/reuters/training/3399 b/reuters/training/3399
new file mode 100644
index 0000000000000000000000000000000000000000..e0fd13fce44c2146c2a65335f83f02b7b6c95220
--- /dev/null
+++ b/reuters/training/3399
@@ -0,0 +1,14 @@
+WASHINGTON NAT'L <WNT> BUYS UNITED PRESIDENTIAL
+  Washington National Corp's
+  Washington National Insurance Co said it bought the remaining
+  15 pct of United Presidential Corp's <UPCO> outstanding shares
+  at 19 dlrs a share cash.
+      The acquisition of the shares is part of a plan of exchange
+  approved by United Presidential shareholders at a special
+  meeting March 6.
+      The purchase of the remaining United Presidential stake
+  follows Washington National's buying 85 pct of United
+  Presidential in a 19 dlrs a share tender offer which terminated
+  December 12.
+  
+
diff --git a/reuters/training/3400 b/reuters/training/3400
new file mode 100644
index 0000000000000000000000000000000000000000..f2d892d49b331d133d607c51ec803080c099d281
--- /dev/null
+++ b/reuters/training/3400
@@ -0,0 +1,14 @@
+CONAGRA <CAG> COMPLETES MERGER WITH TRIDENT
+  Conagra Inc said it completed the
+  merger of its Sea-Alaska Products Co unit and <Trident Seafoods
+  Corp.>
+      Conagra said the new company, in which it holds a 45 pct
+  stake, will be called Trident Seafoods Corp. Charles Bundrant,
+  president of Trident before the merger, was named president of
+  the new company, Conagra said.
+      Conagra said it also completed the previously announced
+  acquisition of <Bristol Monarch Corp> and that Trident
+  completed the purchase of the remaining 50 pct stake of <San
+  Juan Seafoods Inc.>
+  
+
diff --git a/reuters/training/3401 b/reuters/training/3401
new file mode 100644
index 0000000000000000000000000000000000000000..c29a59435f683dada61855d719e20c3787d424ec
--- /dev/null
+++ b/reuters/training/3401
@@ -0,0 +1,16 @@
+MARKET DISCOUNTS HIGHER SOVIET GRAIN IMPORTS
+  Grain analysts said the increase of
+  three mln tonnes in 1986/87 Soviet grain imports is unlikely to
+  affect the market Tuesday.
+      They said the market already has discounted higher Soviet
+  imports, partly on news last month that the Soviet Union bought
+  one mln tonnes of U.S. corn, and on rumors that the Reagan
+  administration is pushing for authority to sell the Soviets
+  U.S. wheat under the Export Enhancement Program.
+      In its supply-demand report, the USDA raised its estimate
+  for 1986/87 Soviet grain imports to 26 mln tonnes from 23 mln.
+      "That was business already done, for all practical
+  purposes," said Drexel Burnham analyst Dale Gustafson,
+  reflecting similar statements made by other analysts.
+  
+
diff --git a/reuters/training/3405 b/reuters/training/3405
new file mode 100644
index 0000000000000000000000000000000000000000..15d2c588adca16e2a7dda5b06317f3b624e6520d
--- /dev/null
+++ b/reuters/training/3405
@@ -0,0 +1,14 @@
+<ATCO LTD> SEES GAIN FROM SALE
+  Atco Ltd said its Atco
+  Development unit agreed to sell the Canadian Utilities Center
+  in Edmonton, Alberta and the Canadian Western Center in
+  Calgary.
+      The sales, together with the previously-announced sale of
+  Atco's Australian operations, will gross 114 mln dlrs and
+  result in an after-tax gain of 31 mln dlrs, which will be
+  reflected in Atco's fiscal year results.
+      Its fiscal year ends March 31, the company said. In
+  addition, the sales will produce 47 mln dlrs cash after debt
+  reduction of 67 mln dlrs, Atco said.
+  
+
diff --git a/reuters/training/3406 b/reuters/training/3406
new file mode 100644
index 0000000000000000000000000000000000000000..dfb7cbe624b781792156dac8c1e38d5bdd3f8d39
--- /dev/null
+++ b/reuters/training/3406
@@ -0,0 +1,5 @@
+LINDNER TELLS SEC HE HAS HAD TALKS WITH TAFT ON SEEKING CONTROL OF COMPANY
+
+  LINDNER TELLS SEC HE HAS HAD TALKS WITH TAFT ON SEEKING CONTROL OF COMPANY
+  
+
diff --git a/reuters/training/3409 b/reuters/training/3409
new file mode 100644
index 0000000000000000000000000000000000000000..66fd807ab0de720e3728fb6b1d286f834aaa994c
--- /dev/null
+++ b/reuters/training/3409
@@ -0,0 +1,18 @@
+BANCROFT <BCV> FILES SUIT AGAINST ZICO
+  Bancroft Convertible Fund Inc said it
+  filed a lawsuit in federal court in Newark, N.J., seeking to
+  block a hostile 30 dlr a share takeover offer by <Zico
+  Investment Holdings Inc.>
+      Bancroft said the suit also names Michael B. Javett,
+  principal officer of Zico, and First Fidelity Bancorp's <FFB>
+  First Fidelity Bank unit, the depositary for Zico's offer.
+      Bancroft said the suit also names <Georgeson and Co Inc>,
+  Zico's information agent, and <Luthie Intercontinentale Inc>, a
+  Panamanian corporation.
+      Bancroft said its complaint alleges that Zico's tender
+  offer materials include false and misleading information and
+  that the offer violates the Investment Company Act of 1940.
+      The company said its stockholders approved proposals that
+  will insure that it remains independent.
+  
+
diff --git a/reuters/training/341 b/reuters/training/341
new file mode 100644
index 0000000000000000000000000000000000000000..3a5949e35d0fd6f907100292dc5463f169692cc6
--- /dev/null
+++ b/reuters/training/341
@@ -0,0 +1,11 @@
+U.K. MONEY MARKET RECEIVES 37 MLN STG ASSISTANCE
+  The Bank of England said it had provided
+  the money market with 37 mln stg assistance in the morning
+  session. This compares with the Bank's downward revised
+  estimate of the shortfall in the system today of around 700 mln
+  stg.
+      The central bank purchased bank bills outright comprising
+  four mln stg in band one at 10-7/8 pct and 33 mln stg in band
+  two at 10-13/16 pct.
+  
+
diff --git a/reuters/training/3411 b/reuters/training/3411
new file mode 100644
index 0000000000000000000000000000000000000000..db6844b60ebaa6710a8372329a6c120c5085a7bd
--- /dev/null
+++ b/reuters/training/3411
@@ -0,0 +1,42 @@
+WORLD BANK REPORT CRITICISES PERU ECONOMIC PLAN
+  A confidential World Bank report on the
+  Peruvian economy has said the government's strategy does not
+  offer good prospects for medium and long-term growth and is
+  likely to lead to an early renewal of inflationary pressure.
+      The report, published today by the economic monthly, The
+  Peru Report, said the success of president Alan Garcia's
+  government in stimulating output last year to achieve a growth
+  in gross domestic product of over eight pct "represents gains in
+  the short term at the expense of the long."
+      Government officials had no immediate comment on the
+  report, which advised a reduction in the overall size of the
+  public investment program and greater emphasis on the
+  preservation of Peru's export potential.
+      The report said that although the government had succeeded
+  in cutting inflation from 250 pct a year in the first half of
+  1985 to under 70 pct, its stabilisation and reactivation
+  program was encountering rising difficulties.
+      "An early renewal of inflationary pressures, linked to
+  monetary expansion, exchange rate devaluation and an easing of
+  price controls, appears not improbable," it added.
+      The world bank report said the government's policies had
+  reduced inflation and short-term increases in consumption at
+  the apparent cost of price distortions, overvaluation of the
+  currency, balance of payments disequilibrium, reserve losses,
+  and sharply diminished creditworthiness.
+      It said unless the government took action quickly to fix a
+  competitive exchange rate and control the public sector
+  deficit, "the higher the probability will be that the government
+  will eventually have to resort to drastic curtailment of
+  domestic demand and either sharp devaluation or still further
+  controls on imports in order to stem inflation and support the
+  balance of payments."
+      It said the bank would place more emphasis on the
+  preservation of peru's export potential, external links and
+  overall economic efficiency.
+      The government's incentive policies towards the mining and
+  petroleum sectors, among its main traditional exports,
+  suggested that it did not accord high priority to their
+  economic viability, it added.
+  
+
diff --git a/reuters/training/3413 b/reuters/training/3413
new file mode 100644
index 0000000000000000000000000000000000000000..40663f72576e9e93a96b14de2acd9a69af6589d7
--- /dev/null
+++ b/reuters/training/3413
@@ -0,0 +1,33 @@
+LINDNER SAYS HE DISCUSSED CONTROL OF TAFT <TFB>
+  Financier Carl Lindner, who holds a
+  16.2 pct stake in Taft Broadcasting Co, told the Securities and
+  Exchange Commission he has discussed with the company the
+  possibility of seeking control of it.
+      Lindner, the Cincinnati, Ohio, investor who controls
+  American Financial Corp, said his talks with some of Taft's
+  managers and directors have been aimed at "achieving an
+  increased ownership position" in the company.
+      Lindner said his increase in ownership would be made either
+  by making an offer to acquire control of Taft or taking part in
+  a group to acquire the company.
+      Lindner, who holds his Taft stake through American
+  Financial and its subsidiaries, said he is also considering
+  buying more Taft stock on the open market or in private deals.
+      He did not say whether the talks with Taft officials led to
+  any agreements or understandings.
+      But Lindner said he intends to review his investment in
+  Taft and may be involved in further talks or take other steps
+  regarding the future control and direction of Taft.
+      Lindner's investor group recently raised its Taft stake to
+  1,489,298 shares, or 16.2 pct from 1,439,498 shares, or 15.6
+  pct, after buying 49,800 shares for a total of 5.8 mln dlrs.
+      Although he recently received clearance from the Federal
+  Trade Commission to raise his stake in the company to 24.9 pct,
+  Lindner in previous SEC filings has always stressed that his
+  interest in Taft was for investment only and not was not
+  seeking to control the company.
+      An investor group headed by members of the wealthy Bass
+  family of Fort Worth, Texas, also holds about 24.9 pct of
+  Taft's common stock.
+  
+
diff --git a/reuters/training/3415 b/reuters/training/3415
new file mode 100644
index 0000000000000000000000000000000000000000..1eebc4df6e9f0600188d97e792a0efdbd913eafe
--- /dev/null
+++ b/reuters/training/3415
@@ -0,0 +1,13 @@
+INVESTORS SET DEADLINE FOR JAPAN FUND <JPN>
+  An investor group that includes T.
+  Boone Pickens III said it set a deadline of 1600 EST on March
+  11 for its offer to acquire Japan Fund Inc.
+      The group, which also includes <Sterling Grace Capital
+  Management Inc LP> and <Anglo American Security Fund LP>, said
+  it was willing to deposit in escrow 100,000 Japan Fund shares,
+  worth about two mln dlrs, to insure its ability to obtain
+  financing if Japan Fund approves its offer.
+      The group said Japan Fund has not responded to its offer,
+  worth about 525 mln dlrs at current market prices.
+  
+
diff --git a/reuters/training/3416 b/reuters/training/3416
new file mode 100644
index 0000000000000000000000000000000000000000..ffb83e365c5091b16d56c1e5731f033400f38778
--- /dev/null
+++ b/reuters/training/3416
@@ -0,0 +1,13 @@
+INVESTOR FIRMS HAVE 25.5 PCT OF SYMBION <SYMB>
+  A group of affiliated firms led by
+  Warburg, Pincus Capital Co L.P., a New York venture capital and
+  investment partnership, said it has acquired 1,920,527 shares
+  of Symbion Inc, or 25.5 pct of the total outstanding.
+      In a filing with the Securities and Exchange Commission,
+  the Warburg Pincus group said it bought the stake for
+  investment purposes.
+      Although the group said it is considering buying more
+  shares of Symbion, it said it has no plans to seek control of
+  the company.
+  
+
diff --git a/reuters/training/3417 b/reuters/training/3417
new file mode 100644
index 0000000000000000000000000000000000000000..3a023005ae9171aee250e21247e31b6972c7381c
--- /dev/null
+++ b/reuters/training/3417
@@ -0,0 +1,10 @@
+OFFSHORE INVESTOR HAS 5.9 PCT OF HAUSERMAN<HASR>
+  Kindness N.V., a Bahamas-based firm
+  owned by U.K. investor and Bahamas resident John Templeton,
+  said it has acquired 137,900 shares of Hausereman Inc, or 5.9
+  pct of the total outstanding common stock.
+      In a filing with the Securities and Exchange Commission,
+  Templeton said he bought the shares for investment purposes
+  only and has no intention of seeking control of the company.
+  
+
diff --git a/reuters/training/3418 b/reuters/training/3418
new file mode 100644
index 0000000000000000000000000000000000000000..b1230a1f18981744412fce3218addb30b4168113
--- /dev/null
+++ b/reuters/training/3418
@@ -0,0 +1,11 @@
+INVESTMENT FIRMS UP STAKE IN MCGILL MFTG <MGLL>
+  A group of affiliated investment
+  firms led by Bermuda-based Fidelity International Ltd and
+  Boston-based FMR Corp, told the Securities and Exchange
+  Commission it raised its stake in McGill Manufacturing Co Inc.
+      The group said it raised its stake to 88,580 shares, or 6.2
+  pct of the total outstanding common stock, after buying 14,135
+  McGill common shares between Jan 19 and March 2 at prices
+  ranging from 33.57 to 34.57 dlrs a share.
+  
+
diff --git a/reuters/training/3419 b/reuters/training/3419
new file mode 100644
index 0000000000000000000000000000000000000000..0b004436948ca0ed2d273e4e7288e907e47b1084
--- /dev/null
+++ b/reuters/training/3419
@@ -0,0 +1,5 @@
+U.S. INTERVENED TO BUY 50 MLN DLRS AGAINST YEN ON JANUARY 28, FED SAYS
+
+  U.S. INTERVENED TO BUY 50 MLN DLRS AGAINST YEN ON JANUARY 28, FED SAYS
+  
+
diff --git a/reuters/training/342 b/reuters/training/342
new file mode 100644
index 0000000000000000000000000000000000000000..11ba1a6164d922fb778eba273f29804f48ed205a
--- /dev/null
+++ b/reuters/training/342
@@ -0,0 +1,71 @@
+JAPAN, U.S. SET TO BEGIN HIGH-LEVEL TRADE TALKS
+  Japan and the U.S. Kick off top-level
+  trade talks tomorrow amid signs officials from both sides are
+  growing increasingly irritated with each other.
+      The talks, held annually at sub-cabinet level to review the
+  whole gamut of U.S./Japan economic relations, will pave the way
+  for American Secretary of State George Schultz's one day
+  stop-over here at end-week on his way home from China.
+      Faced with growing Congressional protectionist pressure,
+  the U.S. Administration is pressing Japan for speedy action to
+  reduce its still huge trade surplus, U.S. Officials said.
+      "We appreciate their frustration," a senior Japanese
+  government official said. "But we are also frustrated."
+      The official said the 40 pct rise of the yen over the last
+  18 months has hit Japan hard, forcing exporters to slash
+  spending and lay off workers to make up for lost sales abroad.
+  That has not yet shown up in dollar-based statistics on trade,
+  but it will, he said.
+      He said the U.S. Administration was ignoring the progress
+  that has been made and instead emphasizing the problems that
+  remain when it talks with Congress.
+      "It would only take five minutes to list their
+  accomplishments," a senior U.S. Official replied.
+      The talks begin tomorrow with high-level discussions on the
+  economic structures of both countries and how they affect the
+  bilateral trade imbalance, which last year amounted to 51.48
+  billion dlrs in Japan's favour.
+      On the following two days, the topics will range from
+  multilateral trade talks under the auspices of the General
+  Agreement on Tariffs and Trade (GATT) to such bilateral trade
+  problems as super computers.
+      The structural talks are intended to be free-wheeling
+  discussions among senior officials. Tomorrow's topics include
+  savings and investment issues such as consumer credit and
+  housing, and the implications of government budget deficits.
+      These talks come at a particularly delicate time for the
+  Japanese government, which is facing increasing domestic
+  pressure to abandon its tight-fisted fiscal policy and
+  stimulate the sagging economy by spending more.
+      Some U.S. Officials complained Japan has no intention of
+  boosting domestic demand and imports, as Washington wants.
+      Japanese officials in turn pointed the finger at the huge
+  U.S. Budget deficit as one of the main culprits for the trade
+  imbalance. That budget deficit has meant that the U.S. Is
+  buying more imports.
+      Japan seems particularly peeved at being singled in a draft
+  trade bill before the Senate as a nation following adverserial
+  trade practices. "It condemns Japan without due process," one
+  Japanese official said.
+      That reference spoils what is otherwise a well-thought-out
+  bill introduced by Democratic Senator Lloyd Bentsen, he said.
+      Japan is also not totally happy with the administration's
+  trade bill, particularly its proposal to establish reciprocal
+  access to foreign markets as one criteria for retaliatory trade
+  action by the U.S., Officials said.
+      Nevertheless, Japanese officials said they remain in a weak
+  bargaining position, especially with the threat of a trade bill
+  overhanging them.
+      "We have no leverage," one official admitted.
+      As a result, Tokyo is striving to meet U.S. Complaints
+  about its trade practices in a variety of fields, including
+  super computers.
+      The U.S. Is pressing for greater access to the Japanese
+  super computer market.
+      The Japanese government has sent a long questionnaire to
+  public institutions like universities which buy the
+  sophisticated machines in hopes of eventually setting up
+  informal bidding procedures easily understood by all potential
+  sellers, officials said.
+  
+
diff --git a/reuters/training/3420 b/reuters/training/3420
new file mode 100644
index 0000000000000000000000000000000000000000..e6b5daf377fa122a61a9cb897619b610c25b7655
--- /dev/null
+++ b/reuters/training/3420
@@ -0,0 +1,21 @@
+CTS <CTS> INCREASES 1986 LOSS
+  CTS Corp said it increased its
+  1986 loss from continuing operations to 26.6 mln dlrs from the
+  previously announced 23.8 mln dlrs loss.
+      The 1986 figure was increased to include expenses involved
+  with its settlement of a dispute with Dynamics Corp of America
+  <DYA>.
+      The settlement involved a takeover bid for CTS by Dynamics
+  Corp, which had offered to buy the shares of CTS that it did
+  not already own.
+      CTS made a profit of 7.9 mln dlrs from continuing
+  operations in 1985.
+      CTS said it charged an additional 2.8 mln dlrs in special
+  expenses to its 1986 operations as a result of the Dynamics
+  Corp settlement.
+      The additional expenses include the obligation to reimburse
+  Dynamics Corp, subject to approval of CTS shareholders, a total
+  of 2.1 mln dlrs for Dynamics Corp's expenses and other costs
+  relating to CTS.
+  
+
diff --git a/reuters/training/3421 b/reuters/training/3421
new file mode 100644
index 0000000000000000000000000000000000000000..6526d2fe96774219feab4b170962c15733268e82
--- /dev/null
+++ b/reuters/training/3421
@@ -0,0 +1,53 @@
+U.S. INTERVENED TO AID DLR IN JANUARY, FED SAYS
+  U.S. authorities intervened in the
+  foreign exchange market to support the dollar on one occasion
+  during the period between the start of November 1986 and the
+  end of January, the Federal Reserve Bank of New York said in a
+  report.
+      The Fed's quarterly review of foreign exchange operations
+  said that the U.S. bought 50 mln dlrs through the sale of yen
+  on January 28. This operation was coordinated with the Japanese
+  monetary authorities and was funded equally by the Fed and the
+  U.S. Treasury.
+      The Fed's intervention was on the morning after president
+  Reagan's State of the Union message and was "in a manner
+  consistent with the joint statement" made by U.S. Treasury
+  secretary James Baker and Japanese finance minister Kiichi
+  Miyazawa after their January 21 consultations.
+      At that meeting, the two reaffirmed their willingness to
+  cooperate on exchange rate issues.
+      The Fed's report did not say at what level the intervention
+  occurred. But on January 28, the dollar closed at 151.50/60 yen
+  after dipping as low as 150.40 yen earlier in the session. It
+  had closed at 151.05/15 yen the previous day.
+      The dollar had plumbed a post-World War II low of 149.98
+  yen on January 19 and reached a seven-year low of 1.7675 marks
+  on January 28. It ended that day at 1.7820/30 marks.
+      The Fed noted that, after trading steadily throughout
+  November and the first half of December, the dollar moved
+  sharply lower until the end of January.
+      It closed the three-month review period down more than 11
+  pct against the mark and most other Continental currencies and
+  seven pct lower against the yen and sterling. It had fallen
+  four pct against the Canadian dollar.
+      During the final days of January, pressure on the dollar
+  subsided. Reports of the U.S.-Japanese intervention operation
+  and talk of an upcoming meeting of the major industrial
+  countries encouraged expectations for broader cooperation on
+  exchange rate and economic policy matters, the Fed said.
+      Moreover, doubts had developed about the course of U.S.
+  interest rates. The dollar's swift fall had raised questions
+  about whether the Fed would let short-term rates ease.
+      Thus the dollar firmed to close the period at 1.8320 marks
+  and 153.70 yen. According to the Fed's trade-weighted index, it
+  had declined nine pct since the beginning of the period.
+      The dollar had risen as high as 2.08 marks and 165 yen in
+  early November.
+      The Fed last intervened in the foreign exchange market on
+  November 7, 1985 when it bought a total of 102.2 mln dlrs worth
+  of marks and yen.
+      The Fed's action followed the September 1985 Plaza
+  agreement between the five major industrial nations under which
+  they agreed to promote an orderly decline of the dollar.
+  
+
diff --git a/reuters/training/3422 b/reuters/training/3422
new file mode 100644
index 0000000000000000000000000000000000000000..4eb28f6d1b8d3df3649c791cf68c9b2552cd4811
--- /dev/null
+++ b/reuters/training/3422
@@ -0,0 +1,13 @@
+INVESTMENT FIRM RAISES CERTRON <CRTN> STAKE
+  Louart Corp, a Los Angeles investment
+  firm, said it raised its stake in Certron Corp to 237,000
+  shares, or 7.8 pct of the total outstanding common stock, from
+  164,000 shares, or 5.4 pct.
+      In a filing with the Securities and Exchange Commission,
+  Louart said it bought 73,000 Certron shares between Sept 9 and
+  March 6 at a total of 109,315 dlrs a share.
+      It said its dealings in Certron were for investment only,
+  but said it might increase its stake. It said it has no plans
+  to seek control of the company.
+  
+
diff --git a/reuters/training/3425 b/reuters/training/3425
new file mode 100644
index 0000000000000000000000000000000000000000..1e6d7828d74fb432dadb7f96d68ca87652af8e1f
--- /dev/null
+++ b/reuters/training/3425
@@ -0,0 +1,8 @@
+HOGAN SYSTEMS <HOGN> IN ACQUISITION
+  Hogan Systems Inc said it acquired
+  <Systems 4 Inc> of Durango, Colo., for 1.7 mln dlrs.
+      Hogan said Systems 4 provides integrated applications
+  software and processing services to about 30 community banks.
+      Systems 4 has revenues of 1.5 mln dlrs a year, Hogan said.
+  
+
diff --git a/reuters/training/3429 b/reuters/training/3429
new file mode 100644
index 0000000000000000000000000000000000000000..1b3eb85c22c6c0b38eeb8c0b3da2d44ffa7132fb
--- /dev/null
+++ b/reuters/training/3429
@@ -0,0 +1,43 @@
+USSR SEEN LIKELY TO HONOR CORN COMMITMENT
+  The Soviet Union will likely honor
+  its commitment with the United States to buy a minimum of four
+  mln tonnes of corn this year, an Agriculture Department
+  official said.
+      "They have always honoured the agreement, and there's no
+  reason now to think they won't this year," he told Reuters.
+      "They have an aggressive buying campaign from the European
+  Community, from Canada, from the U.S. They're active buyers
+  from all sources at this point," the official said in
+  explaining why the Department raised its Soviet grain imports
+  estimate today by three mln tonnes to 26 mln tonnes.
+      This is a dramatic shift from just a few months ago when
+  analysts were saying the USSR might not buy any U.S. corn for
+  the first time in 15 years.
+      A drawdown of corn supplies in China and Argentina, concern
+  over Soviet winter crops, and increasing competition for U.S.
+  corn were all cited as possible factors in creating Moscow's
+  recent interest.
+      Lower corn production prospects in some major supplying
+  countries have stirred activity from big buyers such as Japan,
+  and the Soviets are also closely watching the situation, the
+  official said.
+      "The Soviets will try to out-capitalize the capitalists"
+  and buy corn before prices get too high, the official said. "As
+  soon as they need corn, they'll buy it," he added.
+      USDA has confirmed one mln tonnes of corn sold to the
+  Soviet Union, but both U.S. and Soviet analysts have said the
+  purchases stand at 1.5 mln tonnes.
+      The USDA official would not speculate on when the Soviets
+  would enter the U.S. market again.
+      "There has definitely been an evolving mind set -- from the
+  situation of slow grain buying a couple months ago to one of
+  frenetic buying now," the official said.
+      However, the situation in wheat is "a different story," he
+  said. Greater world supplies of wheat, heavier Soviet purchase
+  commitments and less competitive U.S. wheat prices make Soviet
+  purchases of U.S. wheat less likely, he said.
+      Speculation has continued for several days that the U.S.
+  is considering making an export bonus wheat subsidy offer to
+  the Soviets, but U.S. officials have provided no confirmation.
+  
+
diff --git a/reuters/training/343 b/reuters/training/343
new file mode 100644
index 0000000000000000000000000000000000000000..04ff829fe271ce9f79c5d2529b39e3cd86f1e402
--- /dev/null
+++ b/reuters/training/343
@@ -0,0 +1,6 @@
+INDIA TO HOLD WHITE SUGAR BUYING TENDER
+  India will hold a buying tender on
+  Wednesday, March 4, for two to three cargoes of white sugar for
+  March/April shipment, traders said.
+  
+
diff --git a/reuters/training/3430 b/reuters/training/3430
new file mode 100644
index 0000000000000000000000000000000000000000..db489783a79da648ba51f629598066db9d2cd6b6
--- /dev/null
+++ b/reuters/training/3430
@@ -0,0 +1,22 @@
+PICKENS SEES CONTINUED SLUMP IN WORKING RIGS
+  T. Boone Pickens, the Texas oilman and
+  financier, said he believes the heady days the oil service
+  industry had in the early 1980s, when over 4,500 oil rigs were
+  once reported operating, will not return in his lifetime.
+       Pickens told Reuters he expects the rig count to drop to
+  below 600 before recovering. He added that oil prices will
+  eventually rise to 35 dlrs, then to 50 dlrs after 1990.
+       Currently, some 700 oil rigs are operating in the U.S.,
+  down sharply after oil prices slipped from 30 dlrs in late 1985
+  to around 10 dlrs in 1986. Prices are now around 18 dlrs. The
+  highest number of working rigs was 4,500 in December 1981.
+       "The rigs won't go back to work until the price of oil
+  gets above 30 dlrs," he said, adding that while he expects to
+  see 50 dlr a barrel oil, he does not expect to see 2,000 rigs
+  operating in his lifetime. Pickens is 58.
+       Pickens, who is currently touring the country promoting
+  his autobiography "Boone," said he does not believe the U.S.
+  should impose an oil import fee in order to stimulate the
+  domestic oil industry.
+  
+
diff --git a/reuters/training/3433 b/reuters/training/3433
new file mode 100644
index 0000000000000000000000000000000000000000..84f8075cdf103a38b3ab6800640171be99189fef
--- /dev/null
+++ b/reuters/training/3433
@@ -0,0 +1,14 @@
+MIYAZAWA SAYS PARIS ACCORD HELPING STABILISE RATES
+  Finance Minister Kiichi Miyazawa said the
+  Paris currency accord has contributed to the stability of
+  exchange rates.
+      Miyazawa told a press conference the agreement reached last
+  month in Paris by six major industrial nations to cooperate in
+  bringing about currency stability has prevented speculative
+  concerns from being active in money centres.
+      The decision in Paris is being understood by the market, he
+  said. The yen-dollar exchange rate has been moving in a narrow
+  range since finance ministers of Britain, Canada, France,
+  Japan, the U.S. And West Germany reached the accord.
+  
+
diff --git a/reuters/training/3435 b/reuters/training/3435
new file mode 100644
index 0000000000000000000000000000000000000000..646e905a3f7927719fbf3aa124e65313e6821129
--- /dev/null
+++ b/reuters/training/3435
@@ -0,0 +1,12 @@
+AUSTRALIAN RESERVE BANK IN BUYING INTERVENTION
+  The Reserve Bank said at 1230 local time
+  it was offering to buy short-dated government securities in the
+  short-term money market.
+      The bank's action followed its purchase of short-dated
+  government stock and six-day repurchase agreements earlier in
+  the session.
+      Money market traders said the move was aimed at easing cash
+  market interest rates which had risen on demand for funds to
+  meet PAYE tax and treasury note settlement commitments.
+  
+
diff --git a/reuters/training/3438 b/reuters/training/3438
new file mode 100644
index 0000000000000000000000000000000000000000..fb6c6aa7834e481d573d5e38b3f145e1f85ea8a8
--- /dev/null
+++ b/reuters/training/3438
@@ -0,0 +1,35 @@
+RUBBER LEAF DISEASE SEEN AFFECTING SUPPLY/PRICES
+  The leaf disease corenes pora,
+  which has affected some rubber trees in Sri Lanka and
+  Indonesia, is likely to force a cut in supply and push up
+  depressed prices, a Malaysian rubber disease researcher said.
+      Trees with leaves hit by the fungus disease cannot be saved
+  and must be felled, Chee Kheng Hoy, Head of the Crop Protection
+  and Microbiology Division in the Rubber Research Institute of
+  Malaysia (RRIM), told Reuters.
+      He was commenting on a Reuter report which said corenes
+  pora had hit seven pct of Sri Lanka's plantations and may cause
+  output to drop below its 1987 target of 143,000 tonnes.
+      The report said the Sri Lankan Rubber Research Institute
+  may ask estates to remove trees seriously affected by the
+  disease and added that most estates affected belong to the
+  State Plantations Corp and Janatha Estates Development Board.
+      Chee said corenes pora is an old disease which only affects
+  certain rubber clones in Sri Lanka and Indonesia and that
+  further use of such clones must be discontinued.
+      Clones not resistant to the disease are the Rubber Research
+  Institute of Sri Lanka clone 103, Indonesia's PPN 2058, 2444,
+  2447 and PR 265 and Malaysia's RRIM 725, he said.
+      Chee said corenes pora affected trees from the RRIM 725
+  clone planted in Malaysia several years ago but had been curbed
+  after use of such clones were discontinued.
+      Fungicide may be used to curb the disease, which also
+  affects leaves of 30 other species of plants, but experience
+  has proven that it is uneconomical and expensive, he added.
+      "The disease is extremely difficult to control. If it is not
+  curbed in the two affected countries their rubber output may
+  drop and prices can rise," he said.
+      He added that the RRIM was aware of the disease outbreak in
+  Sri Lanka and was monitoring the situation.
+  
+
diff --git a/reuters/training/3440 b/reuters/training/3440
new file mode 100644
index 0000000000000000000000000000000000000000..85138be708107abd1e452bc7f2c9426fdd532c66
--- /dev/null
+++ b/reuters/training/3440
@@ -0,0 +1,44 @@
+SEARCH FOR BRITISH FERRY'S TOXIC CARGO CONTINUES
+  The search continued for a
+  cargo of poisonous chemical substances loaded on the Herald of
+  Free Enterprise Ferry which capsized in Zeebrugge harbour
+  Friday.
+      A total of 72 drums of various toxic materials which were
+  loaded on trucks in the ship's hold have been recovered, but
+  Belgian authorities warned it was essential to recover a
+  further 61 containers of a cyanide-based solution.
+      A net has been thrown over the gaping loading doors at the
+  front of the ship to prevent any more drums floating out.
+      Salvage workers have moved cranes into place alongside the
+  wreck of the 7,951 ton roll-on, roll-off ferry which now lies
+  partly submerged on a sandbank outside the harbour.
+      The ferry's owner is <European Ferries Plc>, majority owned
+  by Peninsular and Oriental Steam Navigation Co Plc <PORL.L>.
+      The operation to right the vessel began yesterday after
+  divers abandoned their search for more bodies. Experts said it
+  could take months to refloat the ship and free the 80 bodies
+  estimated to be trapped amid debris.
+      "The problem is that in these waters you can normally expect
+  one working day out of four," said Daan Kaakebeen of Dutch
+  Salvage experts Smit Tak International of Rotterdam. He
+  estimated the job itself would require 35 working days.
+      Using reinforced cables, salvage experts intend to raise
+  the ship and set it down into a trench dug alongside.
+      Salvage work could pinpoint the exact cause of the loss of
+  the ferry, one of three sister vessels plying cross-Channel
+  routes from England to continental Europe.
+      Suspicion at present is focused on the ferry's main vehicle
+  loading doors, set close to water level.
+      In London, Transport Secretary John Moore told parliament
+  yesterday that the ship keeled over after water gushed in
+  through the bow doors. He said a major government inquiry into
+  the disaster will be held, all similar ferries sailing from
+  Britain will be inspected and owners will be asked to fit
+  lights to give warning if bow doors are not properly closed.
+      Experts carrying out tank and computer tests to determine
+  how the accident occurred will focus attention on the ship's
+  doors, its ballast system and crew procedures, he added.
+      Two other investigations into the disaster have also begun,
+  one Belgian and one by the ferry's owners.
+  
+
diff --git a/reuters/training/3441 b/reuters/training/3441
new file mode 100644
index 0000000000000000000000000000000000000000..8754aac3deab39ecdce3011a884843292b0cbae2
--- /dev/null
+++ b/reuters/training/3441
@@ -0,0 +1,22 @@
+SOVIET ECONOMIST SEES FEW 1987 GAINS IN U.S. TRADE
+  There is little chance Soviet exports
+  to the United States will rise in 1987, but Moscow's current
+  trade reforms should result in more trade in manufactured goods
+  in future, a Soviet economist said.
+      Sergey Frolov, chief economist at Amtorg Trading Corp, an
+  agent for Soviet trade organisations and industries, told a
+  U.S.-USSR business meeting the Soviet Union produces few items
+  that western nations want.
+      But reforms, including upgrading the quality of goods and
+  allowing joint ventures with foreign firms, will encourage
+  modest export gains in future.
+      Frolov said the Soviet Union exported 500 mln dlrs worth of
+  goods to the United States in 1986 and imported 1.5 billion
+  dlrs worth. He gave no trade forecast for 1987.
+      But he said that even if all obstacles were removed, total
+  trade between the two countries would remain between two and
+  three billion dlrs a year.
+      "The post-detente embargoes have taught the USSR to limit
+  its trading with the U.S.," he said.
+  
+
diff --git a/reuters/training/3442 b/reuters/training/3442
new file mode 100644
index 0000000000000000000000000000000000000000..d99c482546096409087960774f3964916433fd1e
--- /dev/null
+++ b/reuters/training/3442
@@ -0,0 +1,21 @@
+CHINA ALLOWS NATIONWIDE FOREIGN EXCHANGE SAVING
+  People throughout China can now open
+  foreign exchange accounts at the Bank of China, the official
+  Shenzhen Economic Zone Daily said.
+      Previously only residents of Guangdong and Fujian provinces
+  could do this.
+      The paper also said the minimum for opening a fixed deposit
+  account had been cut to 50 yuan equivalent, from 150 yuan. The
+  minimum for a current account is 20 yuan equivalent.
+      The paper said depositors could now withdraw all or part of
+  their account, subject to a branch's reserves, instead of only
+  a fixed amount as previously.
+      The paper said deposits may now be opened in French francs
+  as well as the already available U.S. Dollar, Hong Kong dollar,
+  sterling, yen and marks.
+      Bank of China branches in Hainan island also accept
+  deposits in Singapore dollars, and those in Wenzhou, Zhejiang
+  province, accept deposits in Dutch guilders, the paper said.
+      It gave no further details.
+  
+
diff --git a/reuters/training/3445 b/reuters/training/3445
new file mode 100644
index 0000000000000000000000000000000000000000..e5eb74246c3c6daa4cf0512a5ac397f1d9bc1b69
--- /dev/null
+++ b/reuters/training/3445
@@ -0,0 +1,23 @@
+SICHUAN BRACED TO FIGHT DROUGHT
+  The Sichuan government has ordered that
+  any work or meeting which interferes with the fight against
+  drought must be cancelled or postponed to save time, energy and
+  manpower, the People's Daily domestic edition said.
+      Sichuan is one of six provinces threatened by drought.
+      Wen Wei Po, a Hong Kong daily, said the drought, the worst
+  for more than 20 years, is affecting nearly two mln hectares in
+  100 counties in Sichuan, the country's biggest agricultural
+  producer.
+      Sichuan has experienced temperatures three degrees
+  Centigrade higher than normal and rainfall up to 70 pct less
+  than normal since early February, affecting wheat, oil-bearing
+  crops, rice planting and dryland cash crops, it said.
+      The paper said 43,000 hectares in Meixian county in
+  Guangdong are seriously short of water.
+      The People's Daily said Henan, Shaanxi, Gansu and Hebei are
+  also suffering from drought.
+      Henan's grain output fell by 2.5 mln tonnes last year from
+  the 1985 level because of drought which has been affecting the
+  province since May.
+  
+
diff --git a/reuters/training/3446 b/reuters/training/3446
new file mode 100644
index 0000000000000000000000000000000000000000..e0bfa960c4fa2e942cf43d7ca466f98d708f27be
--- /dev/null
+++ b/reuters/training/3446
@@ -0,0 +1,83 @@
+ECONOMIC SPOTLIGHT - JAPAN PUSHES ITS CHIPMAKERS
+  Japanese microchip makers are being
+  strong-armed into compliance with a U.S.-Japan pact on
+  semiconductors halting predatory pricing and opening Japan's
+  market to foreign chips, industry analysts said.
+      But doubts remain over whether the Ministry of
+  International Trade and Industry (MITI), which is pressuring
+  the firms, can successfully battle market forces and whether
+  the U.S. Industry is geared up to take advantage of any
+  breathing space, they said.
+      U.S. Threats to scrap the agreement signed last September
+  have pushed MITI to try harder to get recalcitrant Japanese
+  chipmakers to abide by the pact, the analysts said.
+      "MITI has been moving hot and heavy throughout the industry
+  to get things done," said Bache Securities (Japan) associate
+  vice president Peter Wolffe.
+      Last month, MITI told chipmakers to cut production for the
+  January to March period by 10 pct to help dry up inexpensive
+  chips that have escaped from Japan to grey markets not subject
+  to the pact's price controls.
+      The ministry also asked electronics firms to provide
+  distributors with certificates designating them as authorised
+  exporters, in an effort to close loopholes through which grey
+  marketeers sneak chips out of Japan, market analysts said.
+      U.S. Trade negotiators here last week said the pact was in
+  jeopardy because of continued dumping in non-American markets
+  and little sign of increased foreign sales in Japan.
+      But major Japanese firms appear to have agreed to the
+  production cuts, several analysts said. Last week, NEC Corp
+  said it would cut production in line with MITI's request.
+      "NEC has been the most aggressive in resisting MITI's
+  demands," said David Keller, analyst at James Capel and Co. "Once
+  NEC cuts production, it means they all have."
+      Still, pressures remain to keep production high. Japanese
+  firms need high output to cut unit prices for U.S. Sales that
+  the Commerce Department assigns them under the pact.
+      "The best way to lower cost is to produce more," said Salomon
+  Brothers Asia Ltd analyst Carole Ryavec.
+      Preparations for a possible upturn in demand could also
+  spur higher production next quarter, Merrill Lynch analyst Matt
+  Aizawa said.
+      Grey marketeers may also be able to outfox any new
+  restrictions, some industry officials said.
+      "It's like tax avoidance schemes," said Steve Donovan, head
+  of MMI Japan K.K. "As soon as you close one route, another
+  opens."
+      MITI's pressure has annoyed some makers, who had earlier
+  shrugged off MITI guidance.
+      "It's getting to be like communism," said one.
+      But analysts said output cuts could help by making it
+  easier to increase prices as planned on April 1 and forcing
+  firms to stop extending market share by selling at a loss.
+      "They're going to have to start running their businesses
+  like businesses," Bache's Wolffe said.
+      MITI has also been conducting a highly public campaign
+  urging chip users to buy foreign-made chips, but U.S. Industry
+  officials said response has been mixed at best.
+      "There has been some change, but it's not across the board,"
+  said one U.S. Spokesman. "The companies have a varying degree of
+  urgency."
+      The ultimate impact of all these efforts by MITI on the
+  troubled U.S. Industry remains in doubt, analysts added.
+      Pressure to cut production of 256 kilobit DRAM (dynamic
+  random access memory) chips could merely speed the transition
+  to one megabit chips, where Japan now leads, analysts said.
+      Whether U.S. Firms are able to stage a comeback in memory
+  chips, or interested in doing so, also remains unclear, they
+  said.
+      Analysts are watching with interest the fate of a new U.S.
+  Consortium which hopes to challenge Japan by developing the
+  most advanced technology for microchip manufacturing.
+      Even in the thorny area of access, much depends on U.S.
+  Commitment as well as on Japanese openness, some said.
+      "The SIA (U.S. Semiconductor Industry Association) doesn't
+  even have an office here," a source close to the industry said.
+  "You could question just how committed they are."
+      In addition, some industry analysts question the
+  effectiveness of a bilateral agreement that leaves out third
+  country chipmakers such as those in South Korea.
+      "(South) Korea's gaining market share," said one analyst.
+  "They're the real winners from the agreement."
+  
+
diff --git a/reuters/training/3448 b/reuters/training/3448
new file mode 100644
index 0000000000000000000000000000000000000000..0ee2531cb6b0f62d2d0cae5a2444a59878a35537
--- /dev/null
+++ b/reuters/training/3448
@@ -0,0 +1,5 @@
+Sumita says little room for Bank of Japan to further ease credit policy
+
+  Sumita says little room for Bank of Japan to further ease credit policy
+  
+
diff --git a/reuters/training/3449 b/reuters/training/3449
new file mode 100644
index 0000000000000000000000000000000000000000..7d0551ace7cbd31e25822b27f30fb137380c8370
--- /dev/null
+++ b/reuters/training/3449
@@ -0,0 +1,23 @@
+SUMITA SAYS LITTLE ROOM FOR BANK TO EASE POLICY
+  Bank of Japan governor Satoshi Sumita
+  said there is little room left for the central bank to further
+  ease its credit policy as interest rates levels are now
+  approaching their lower limit.
+      "The government should instead seek ways of making the best
+  use of its fiscal policy," he told a press conference.
+      His remarks were concerned with a comprehensive economic
+  stimulative package the government plans to adopt in the coming
+  days.
+      At the recent talks among the six major industrialised
+  nations in Paris, Japan promised to work out a comprehensive
+  economic package to boost domestic demand, which in turn would
+  help increase its imports and reduce its trade surplus.
+      Sumita also said the economy will show a gradual upturn in
+  the second half of the year if the yen remains stable.
+      He said there is caution in the foreign exchange market
+  against a further rise of the yen and mark and this explains
+  the recent stability in the currency markets. Conflicting
+  economic indicators from the U.S. Have also been dampening
+  market activity, he added.
+  
+
diff --git a/reuters/training/345 b/reuters/training/345
new file mode 100644
index 0000000000000000000000000000000000000000..1cfd7cd742e097cc51bfd9a29aeec7a133f1bca7
--- /dev/null
+++ b/reuters/training/345
@@ -0,0 +1,14 @@
+CARLTON COMMUNICATIONS OPTIMISTIC FOR 1987
+  <Carlton Communications Plc> has started
+  the current financial year well, with accounts for the first
+  four months showing a healthy increase on the same period last
+  year, and Chairman M.P. Green told the annual meeting he looked
+  forward to 1987 with optimism.
+      The issue of 4.6 mln shares in ADR form had now been
+  successfully completed, he added.
+      Carlton intended to increase its presence in the U.S. Which
+  represented 50 pct of the world television market. Conditions
+  worldwide in the television industry continued to look buoyant,
+  the Chairman noted.
+  
+
diff --git a/reuters/training/3452 b/reuters/training/3452
new file mode 100644
index 0000000000000000000000000000000000000000..a468a811381b9261305e256eb4c57b3bf4ddb093
--- /dev/null
+++ b/reuters/training/3452
@@ -0,0 +1,23 @@
+IRANIAN OIL MINISTER IN UAE TALKS
+  Iranian Oil Minister Gholamreza
+  Aqazadeh is in the United Arab Emirates (UAE) to discuss oil
+  prices and the general market situation, Iranian officials
+  accompanying him said.
+      He will meet UAE President Sheikh Zaid bin Sultan
+  al-Nahayan and Oil Minister Mana Said al-Oteiba.
+      Aqazadeh arrived last night after a brief stopover in
+  Riyadh, where he met Saudi Arabia's Oil Minister Hisham Nazir.
+      The official Saudi Press Agency quoted him as saying his
+  talks at Riyadh with Nazir had been constructive and good.
+      Aqazadeh said Organisation of Petroleum Exporting Countries
+  (OPEC) members were agreed on holding production stable and he
+  reiterated the importance of maintaining oil prices.
+      OPEC members agreed in December to limit production to 15.8
+  mln barrels per day for the first half of this year and on a
+  benchmark price of 18 dlrs a barrel from February 1.
+      Aqazadeh also visted OPEC members Gabon, Algeria and Libya.
+  The Iranian news agency, IRNA, quoted him as saying before
+  leaving Tripoli that OPEC should do everything possible to make
+  oil prices permanently stable.
+  
+
diff --git a/reuters/training/3453 b/reuters/training/3453
new file mode 100644
index 0000000000000000000000000000000000000000..34070ac016458685de078103bbdc238ffb33f603
--- /dev/null
+++ b/reuters/training/3453
@@ -0,0 +1,14 @@
+JAPAN MAY INCREASE ITS BRAZILIAN SOYBEAN PURCHASES
+  Japanese crushers are likely to buy at
+  least 200,000 tonnes of Brazilian soybeans this year and
+  another 100,000 to 200,000 if quality and shipping conditions
+  are good against 128,089 tonnes in 1986, trade sources said.
+      A Japanese trading house recently bought about 31,000
+  tonnes of soybeans for April 10/May 10 shipment, they said.
+      "Because Brazilian soybean prices are now some 10 cents a
+  bushel cheaper than U.S. Origin due to the bumper harvest, it
+  is highly likely that Japanese crushers will increase their
+  buying volume," one source said. Brazilian beans are available
+  to Japan for shipment from May to July.
+  
+
diff --git a/reuters/training/3454 b/reuters/training/3454
new file mode 100644
index 0000000000000000000000000000000000000000..152bd30dbb91220f5987979e95d2ad658b6afb22
--- /dev/null
+++ b/reuters/training/3454
@@ -0,0 +1,36 @@
+AUSTRALIAN METAL TRADER LINKS TO ASTURIANA DE ZINC
+  <Metal Traders Australasia Ltd> said a
+  newly-formed subsidiary, the <Austmet Ltd> group, has
+  negotiated an exclusive long-term contract with Spain's
+  <Asturiana de Zinc> to market its zinc metal exports.
+      Metal Traders said in a statement the contract would
+  underpin the worldwide zinc, copper and lead trading activities
+  of Austmet, a wholly-owned London-based company with a U.S.
+  Unit in Stamford, Connecticut.
+      Austmet has recruited a group of base metal traders,
+  currently operating out of Britain and the U.S., Who have
+  handled Asturiana's business for the past five years, it said.
+      Asturiana has a three-year option to purchase 25 pct of the
+  Austmet group, to be priced on an independent valuation at the
+  time of exercise, Metal Traders said.
+      Austmet will have an initial equity base of one mln stg, a
+  turnover of 200 mln Australian dlrs rising to 300 mln in the
+  first year, and credit lines of up to 30 mln U.S. Dlrs.
+      Austmet should be generating profits from July 1 and a
+  1.5-2.5 mln dlr net is envisaged within two years, it said.
+      Metal Traders said Asturiana has the largest zinc smelting
+  capacity in Europe -- nearly 200,000 tonnes a year of 99.995
+  pct high-grade zinc, at Aviles in northern Spain.
+      Metal Traders, a listed company, was formerly <Pyrotech
+  Resources N.L.> whose chief activity was the development and
+  marketing of high-technology smelting processes invented in
+  Australia, notably the Siromelt Zinc Fuming Process.
+      But in late 1986, control of the company changed and it
+  expanded by acquisition into metal trading in Australia and
+  Asia. It then changed its name.
+      It also has the marketing contract for mineral sands
+  produced by <TiO2 Corp N.L.>, of which it holds 17.5 pct.
+      In today's statement, Metal Traders also said it is
+  reviewing possible acquisition of a mineral producer.
+  
+
diff --git a/reuters/training/3455 b/reuters/training/3455
new file mode 100644
index 0000000000000000000000000000000000000000..0d3e3a8b5d3e025d22e46a1154f9811edbe5f5ed
--- /dev/null
+++ b/reuters/training/3455
@@ -0,0 +1,34 @@
+SAUDI ARABIA'S KING FAHD WANTS STABLE OIL PRICES
+  King Fahd said today Saudi Arabia wants
+  oil price stability and he called on non-OPEC producers to
+  avoid harmful competition with the 13 nation group.
+      His plea, in an interview with Reuters and the television
+  news agency Visnews, came ahead of a state visit he will make
+  to Britain later this month.
+      King Fahd was asked whether Saudi Arabia would be prepared
+  to reduce its oil output below its OPEC quota of 4.133 mln
+  barrels per day (bpd) to defend the 18 dlr benchmark price
+  agreed to by OPEC last December.
+      The King replied: "Saudi Arabia doesn't decide prices by
+  itself but certainly desires price stability."
+      Non-OPEC countries "must help us in a framework of common
+  interest so that there is no type of competition which could
+  prove harmful to everyone," he said.
+      Asked if he saw the 18 dlr per barrel benchmark as a first
+  step towards higher world oil prices, King Fahd said it was not
+  for Saudi Arabia but for all OPEC countries to determine such
+  issues. Iran and Algeria have already called for a higher
+  benchmark.
+      In recent weeks the 18 dlr level has come under pressure,
+  due partly to quota violations by some OPEC members. King Fahd
+  said Saudi Arabia, the world's largest oil exporter, was
+  adhering to decisions made at OPEC's December conference which
+  set a 15.8 mln bpd output ceiling for the first half of 1987.
+      A major non-OPEC producer, Britain has so far resisted the
+  group's pleas to curb its North Sea oil output.
+      The King also urged the world community to help the
+  Palestinians return to their homeland and called for a peaceful
+  end to the Iran-Iraq war. The 6-1/2-year-old war could not be
+  resolved on the battlefield, he said.
+  
+
diff --git a/reuters/training/3456 b/reuters/training/3456
new file mode 100644
index 0000000000000000000000000000000000000000..e7d3fcf6dc4a320b1c2c639429800e5d45d4082b
--- /dev/null
+++ b/reuters/training/3456
@@ -0,0 +1,24 @@
+HILLSDOWN HOLDINGS PLC <HLDN.L> 1986 YEAR
+  Shr 16.3p vs 12.2p
+      Div 2.75p vs 2.25p making 3.8p vs 3.15p adjusted for
+      Three-for-one capitalisation
+      Pre-tax profit 54.9 mln stg vs 33.4 mln
+      Turnover 1.70 billion vs 1.13 billion
+      Tax 7.6 mln vs 2.6 mlnProfit attributable 51.9 mln vs 30.1   
+   Mln
+      Cost of Sales 1.49 billion vs 999.3 mln
+      Gross profit 215.9 mln vs 136.2 mln
+      Distribution costs 90.3 mln vs 57.2 mln
+      Adminstrative expenses 65.9 mln vs 40.8 mln
+      Other operating income 3.9 mln vs nil
+      Interest payable 8.7 mln vs 4.8 mln
+      Minority interests 1.0 mln vs 0.7 mln
+      Extraordinary credit (sale of share in S and W Berisford
+  Plc) 5.6 mln vs nil
+      Operating profit includes -
+      Poultry, eggs and animal feed 21.7 mln vs 17.2 mln
+      Food processing and distribution 15.4 mln vs 6.9 mln
+      Furniture and timber distribution 8.4 mln vs 3.4 mln
+      Fresh meat and bacon 8.0 mln vs 4.5 mln
+  
+
diff --git a/reuters/training/3458 b/reuters/training/3458
new file mode 100644
index 0000000000000000000000000000000000000000..d8a870f46635a584e78c1ab9cf0caff73ec80aaf
--- /dev/null
+++ b/reuters/training/3458
@@ -0,0 +1,13 @@
+JAPAN CRUSHERS START APRIL U.S. SOYBEAN BUYING
+  Japanese crushers, starting to buy U.S.
+  Soybeans for April shipment, have recently made purchases of
+  some 48,000 tonnes, trade sources said.
+      The sources said they could not estimate the total volume
+  to be purchased for April shipping because Japan's crushing
+  program for April and June is unclear.
+      They had predicted earlier that crushers' April shipment
+  U.S. Bean purchases would drop to 260,000 to 270,000 from the
+  monthly average of 300,000 to 330,000 tonnes due to low soybean
+  meal prices.
+  
+
diff --git a/reuters/training/3459 b/reuters/training/3459
new file mode 100644
index 0000000000000000000000000000000000000000..84b13e570559d824fca1a8d4ba3528a771bafd2e
--- /dev/null
+++ b/reuters/training/3459
@@ -0,0 +1,22 @@
+KAUFHOF CONSIDERING TAKING STAKE IN HAPAG-LLOYD
+  West German retail group Kaufhof AG
+  <KFHG.F> is considering taking a stake in shipping and
+  transport group Hapag-Lloyd AG <HPLG.F> but has yet to reach a
+  final decision, a spokesman said in response to queries.
+      Press reports said Kaufhof wanted a stake of up to 12.5 pct
+  in Hapag-Lloyd.
+      The Kaufhof spokesman noted any decision on purchasing
+  shares in the shipping group would have to be approved by the
+  supervisory board, which is due to hold a meeting tomorrow.
+      Late last year the Gevaert group of Belgium and West
+  Germany's VEBA AG <VEBG.F> said they had each acquired a 12.5
+  pct stake in Hapag-Lloyd from Deutsche Bank AG <DBKG.F> and
+  Dresdner Bank AG <DRSD.F>.
+       Industry sources estimate Deutsche and Dresdner,
+  Hapag-Lloyd's majority shareholders, held about 75 pct of
+  Hapag-Lloyd's share capital before selling portions of it to
+  Gevaert and VEBA.
+      The two banks have said they eventually wanted to reduce
+  their stake in the shipping group to 15 pct each.
+  
+
diff --git a/reuters/training/346 b/reuters/training/346
new file mode 100644
index 0000000000000000000000000000000000000000..c04538e8cf7c9028e1b2f0957f3c32c5f23b35ee
--- /dev/null
+++ b/reuters/training/346
@@ -0,0 +1,24 @@
+EC OPENS ANTI-DUMPING ENQUIRY INTO SOVIET MERCURY
+  The European Community Commission said
+  it has opened an enquiry into allegations that the Soviet Union
+  is dumping mercury on the European market at below-cost prices.
+      The Commission said its decision follows a complaint from
+  EC non-ferrous metals producers that the sales of Soviet
+  mercury were harming their business and threatening jobs in the
+  European industry.
+      According to the complaint, Soviet mercury sales in the EC
+  had risen from zero in recent years to 100 tonnes between
+  August and October last year and threaten to capture 25 pct of
+  the EC market if they continue at the same pace.
+      The industry said the mercury was being sold at more than
+  40 pct below prices charged by EC producers, forcing them to
+  cut their prices to levels that no longer covered costs. The
+  imports had caused producers heavy financial losses, it said.
+      The Commission said the industry would probably be unable
+  to hold prices at current levels and that any increase would
+  result in loss of sales and jobs.
+      The so-called anti-dumping procedure opened by the
+  Commission will allow all interested parties to state their
+  cases to the authority.
+  
+
diff --git a/reuters/training/3460 b/reuters/training/3460
new file mode 100644
index 0000000000000000000000000000000000000000..eeabca9d5a95426124a6ec97641d017966b07ead
--- /dev/null
+++ b/reuters/training/3460
@@ -0,0 +1,14 @@
+JAPAN AND THAILAND TO JOINTLY EXTRACT RARE METALS
+  Japan's Agency of Natural Resources and
+  Energy said it will begin experiments with Thailand at the end
+  of March to start commercial production of rare metals in 1989
+  under a joint project.
+      An agency official said it will set up a 500 mln yen pilot
+  plant in Bangkok which will extract high quality rare metals
+  such as titanium and niobium from sand left over from tin
+  production processes in Thailand.
+      The plant wilq use about a tonne of sand per day, although
+  it is unclear how much rare metal will be extracted, the
+  official said.
+  
+
diff --git a/reuters/training/3461 b/reuters/training/3461
new file mode 100644
index 0000000000000000000000000000000000000000..1d2aa11ccbfe20eb631fc3e9ab5eba2bd950d673
--- /dev/null
+++ b/reuters/training/3461
@@ -0,0 +1,13 @@
+HUNGARY TO DEVALUE FORINT AGAINST WESTERN UNITS
+  Hungary is to devalue the forint by an
+  average of eight pct against Western currencies, the official
+  news agency MTI said.
+      MTI did not say when the devaluation would become
+  effective, but it expected new rates to be announced later
+  today.
+      Hungary devalued the forint by a similar amount last
+  September 23. Western bankers say the forint is more
+  realistically valued than currencies of Hungary's COMECON
+  allies.
+  
+
diff --git a/reuters/training/3463 b/reuters/training/3463
new file mode 100644
index 0000000000000000000000000000000000000000..a09d6c81de36287b86f266b8b653f43f3294999f
--- /dev/null
+++ b/reuters/training/3463
@@ -0,0 +1,24 @@
+HILLSDOWN SAYS EARLY 1987 RESULTS ENCOURAGING
+  Hillsdown Holdings Plc <HLDN.L> said
+  early results for 1987 were encouraging, and the combination of
+  its investment and acquisition strategies enabled it to look
+  forward confidently for an excellent result for the year.
+      The company was commenting on 1986 results which showed
+  pre-tax profit rising to 54.9 mln stg from 33.4 mln previously
+  on turnover that lifted to 1.70 billion from 1.13 billion.
+      The figures initially boosted the share price to 286p from
+  281p last night, but they then eased back to 283p by 0830 GMT.
+      Hillsdown said capital expenditure rose in 1986 to 60 mln
+  stg from 31.5 mln and would continue at this high level in
+  1987.
+      The placing of 82.5 mln shares last year raised 160.7 mln
+  stg and enabled shareholders' funds to more than double to 352
+  mln at year-end.
+      Net borrowings were 20 pct of shareholder's funds and the
+  group had listed investments of 47.1 mln.
+      The company said it had bought a total of 40 companies
+  during the year for a total price of some 180 mln stg. Although
+  these had made minor contribution to profits the real benefits
+  would come in 1988 and beyond.
+  
+
diff --git a/reuters/training/3466 b/reuters/training/3466
new file mode 100644
index 0000000000000000000000000000000000000000..a9d1edab192983d5a56c8a35033aa7e79baaf1b7
--- /dev/null
+++ b/reuters/training/3466
@@ -0,0 +1,14 @@
+NIPPON OIL SEES SHARPLY LOWER SALES AND PROFITS
+  Nippon Oil Co Ltd <NPOL.T> predicted
+  parent company net profit of about nine billion yen in the year
+  ending March 31, down 10.4 pct from a year earlier, president
+  Yasuoki Takeuchi told a press conference.
+      Current profit for the year was estimated at 17 to 18
+  billion yen, down 20 to 24 pct from a year earlier, he said.
+      Takeuchi said sales are expected to fall 40 pct to 1,700
+  billion yen for the fifth consecutive year-on-year drop. This
+  year's fall was due to lower selling prices for end-users,
+  which more than offset the yen's appreciation. The company will
+  retain six yen dividend for 1986/87.
+  
+
diff --git a/reuters/training/3467 b/reuters/training/3467
new file mode 100644
index 0000000000000000000000000000000000000000..7103211479a1190246610ecfeff213950af46c52
--- /dev/null
+++ b/reuters/training/3467
@@ -0,0 +1,12 @@
+TAIWAN TO TENDER FOR 27,000 TONNES U.S. SOYBEANS
+  The joint committee of Taiwan's soybean
+  importers will tender March 12 for a 27,000 tonne cargo of U.S.
+  Soybeans for March 20 to April 5 delivery, a committee
+  spokesman told Reuters.
+      Taiwan's soybean imports in calendar 1987 are provisionally
+  set at 1.81 mln tonnes compared with a revised 1.74 mln tonnes
+  imported last year.
+      The 1.74 mln tonne figure was revised from 1.76 mln tonnes.
+      Taiwan imports all its soybeans from the United States.
+  
+
diff --git a/reuters/training/3468 b/reuters/training/3468
new file mode 100644
index 0000000000000000000000000000000000000000..df5d6755d38893bd6c6ab463344c36218a0b92d2
--- /dev/null
+++ b/reuters/training/3468
@@ -0,0 +1,11 @@
+BEJAM GROUP PLC <BJAM.L> 27 WEEKS TO JANUARY 3
+  Shr 5.95p vs 4.41p
+      Div 2.25p vs 2.0p
+      Pre-tax profit 11.6 mln vs 9.1 mln
+      Tax 4.2 mln vs 3.6 mln
+      Turnover 256.3 mln vs 185.3 mln
+      Note - company said it was unlikely second-half profits
+  will show same rate of increase as first. But it had great
+  confidence in prospects for future growth.
+  
+
diff --git a/reuters/training/3469 b/reuters/training/3469
new file mode 100644
index 0000000000000000000000000000000000000000..33389d416a37d793dc0665b6be536bf3a8cc0235
--- /dev/null
+++ b/reuters/training/3469
@@ -0,0 +1,11 @@
+NIPPON STEEL, INLAND DISCUSSING U.S. JOINT VENTURE
+  Nippon Steel Corp <NSTC.T> and <Inland
+  Steel Co> of the U.S. Are negotiating to set up a joint steel
+  venture in Indiana, a Nippon Steel spokesman said, declining to
+  give more details.
+      Several local newspapers reported the joint venture would
+  be capitalised at 150 mln dlrs, owned 60 pct by Inland and 40
+  pct by Nippon Steel, and have annual production capacity of one
+  mln tonnes of steel to supply car makers.
+  
+
diff --git a/reuters/training/3472 b/reuters/training/3472
new file mode 100644
index 0000000000000000000000000000000000000000..30e8f50ce19cf6c89a1ed0b82af5ccdc00e7cc4c
--- /dev/null
+++ b/reuters/training/3472
@@ -0,0 +1,19 @@
+JAPAN'S JOBLESS SEEN RISING TO 3.3 PCT IN 1987/88
+  The yen's rise against the dollar is
+  expected to boost Japan's unemployment rate to an average 3.3
+  pct in the 1987/88 fiscal year beginning April 1 from January's
+  record three pct, the private Nomura Research Institute said.
+      The official 1987/88 estimate is 2.9 pct.
+      The research arm of Nomura Securities Co forecast
+  unemployment would exceed two mln by mid-fiscal 1987, against
+  an estimated 1.75 mln for the current year.
+      Nomura urged the government to take pump-priming measures
+  to help redress trade imbalances and boost employment.
+      Employment in manufacturing during fiscal 1987/88 was
+  predicted to fall 550,000 from the current year due to higher
+  job losses in the steel, shipbuilding and heavy electrical
+  machinery sectors, Nomura said.
+      Employment in the non-manufacturing sector will continue to
+  increase, the institute said, without giving figures.
+  
+
diff --git a/reuters/training/3473 b/reuters/training/3473
new file mode 100644
index 0000000000000000000000000000000000000000..e9f68392e4a573f35f5f9edc1930908aad1f5f07
--- /dev/null
+++ b/reuters/training/3473
@@ -0,0 +1,10 @@
+WORK AT CHITTAGONG PORT HALTED BY STRIKE
+  Cargo handling remains
+  halted at Bangladesh's Chittagong port since nearly 7,000
+  workers walked out on Monday following a pay dispute, the Port
+  Workers Association said today.
+      Fourteen ships are stranded at the port.
+      Port officials said they would meet Association leaders
+  today to try to resolve the dispute.
+  
+
diff --git a/reuters/training/3474 b/reuters/training/3474
new file mode 100644
index 0000000000000000000000000000000000000000..8e367b886b106601edd760e674610663541764ce
--- /dev/null
+++ b/reuters/training/3474
@@ -0,0 +1,12 @@
+CREDITANSTALT-BANKVEREIN <CABV.V> YEAR 1986
+  Cons banking gp net profit 496.7 mln schillings vs 354.5
+  mln
+      Cons banking gp balance sheet total at year-end 453.4
+      Billion schillings vs 425.4 billion
+      Parent bank net profit 370.6 mln vs 253.0 mln
+      Parent bank balance sheet total 372.5 billion vs 348.2
+      Billion
+      Parent bank dividend 12 pct vs 10 pct
+      Parent bank div payout 363.0 mln schillings vs 247.5 mln
+  
+
diff --git a/reuters/training/3476 b/reuters/training/3476
new file mode 100644
index 0000000000000000000000000000000000000000..33455dc239a70420815e5551ef1b3a040ae00bb3
--- /dev/null
+++ b/reuters/training/3476
@@ -0,0 +1,5 @@
+ Ultramar 1986 net loss 62.1 mln stg vs 71.6 mln profit
+
+   Ultramar 1986 net loss 62.1 mln stg vs 71.6 mln profit
+  
+
diff --git a/reuters/training/3477 b/reuters/training/3477
new file mode 100644
index 0000000000000000000000000000000000000000..3355d7fcb2f8d90ae57d648f0d7c7e90026e3714
--- /dev/null
+++ b/reuters/training/3477
@@ -0,0 +1,11 @@
+TESCO ASSOCIATE BUYS 4.2 PCT OF HILLARDS
+  Tesco Plc <TSCO.L> said that <County
+  Ltd> had yesterday bought on its behalf 2.06 mln shares, or
+  around 4.2 pct, in <Hillards Plc> for between 302p and 310p a
+  share.
+      Tesco yesterday launched a 151.4 mln stg bid for the north
+  of England supermarket chain, which Hillards promptly rejected.
+      Hillards shares were last quoted at 324p, compared with
+  last night's close of 313p.
+  
+
diff --git a/reuters/training/3480 b/reuters/training/3480
new file mode 100644
index 0000000000000000000000000000000000000000..88891ac8245fd9269621f0a51957dde606895ce0
--- /dev/null
+++ b/reuters/training/3480
@@ -0,0 +1,23 @@
+ULTRAMAR PLC <UMAR.L> 1986 YEAR
+  Shr 8.1p loss vs 26.3p earnings
+      Div 3.25p making 5.25p vs 10.5p
+      Net loss 62.1 mln stg vs 71.6 mln profit
+      Operating profit before tax 73.6 mln vs 273.8 mln
+      Turnover 1.47 billion vs 1.74 billion
+      Cost of sales 1.22 billion vs 1.39 billion
+      Gross profit 241.8 mln vs 357.6 mln
+      Distribution costs and administrative expenses 152.2 mln vs
+      123.1 mln
+      Share of profits in associates 17.1 mln vs 68.2 mln
+      Other operating income 15.8 mln vs 16.9 mln
+      Financing charges 48.9 mln vs 45.8 mln
+      Tax 63.9 mln vs 169.7 mln
+      Exceptional items 4.9 mln debit vs 5.5 mln debit
+      Net results of discontinued operations 15.6 mln debit vs
+      20.9 mln debit
+      Loss on ordinary activities before minority interest 10.8
+      Mln vs 77.7 mln profit
+      Minority interest 11.3 mln vs 6.1 mln
+      Extraordinary debits 40.0 mln vs nil
+  
+
diff --git a/reuters/training/3481 b/reuters/training/3481
new file mode 100644
index 0000000000000000000000000000000000000000..a3865b7f963efb1c80c1060c604ade6555c32f38
--- /dev/null
+++ b/reuters/training/3481
@@ -0,0 +1,5 @@
+GKN 1986 pretax profit 132.4 mln stg vs 132.7 mln
+
+  GKN 1986 pretax profit 132.4 mln stg vs 132.7 mln
+  
+
diff --git a/reuters/training/3482 b/reuters/training/3482
new file mode 100644
index 0000000000000000000000000000000000000000..d35c5eb901504b966c5a478094097c8f21735511
--- /dev/null
+++ b/reuters/training/3482
@@ -0,0 +1,12 @@
+U.K. MONEY MARKET SHORTAGE FORECAST AT 300 MLN STG
+  The Bank of England said it forecast a
+  liquidity shortage of around 300 mln stg in the market today.
+      Among the main factors, the Bank said bills maturing in
+  official hands and the treasury bill take-up would drain 483
+  mln stg from the system while below target bankers' balances
+  and a rise in the note circulation would take out 50 mln and
+  100 mln stg respectively.
+      Partially offsetting these, exchequer transactions would
+  add around 355 mln stg, the Bank added.
+  
+
diff --git a/reuters/training/3483 b/reuters/training/3483
new file mode 100644
index 0000000000000000000000000000000000000000..8ecfba332fa07db5fd4bc60dc692edb376b22899
--- /dev/null
+++ b/reuters/training/3483
@@ -0,0 +1,13 @@
+BELGIAN CENTRAL BANK BUYS CURRENCY TO REPAY DEBT
+  The Belgian National Bank bought
+  foreign currencies against francs on the open market in the
+  week ended March 9, a Bank spokesman said.
+      In line with central bank policy he declined to give any
+  details of the amount bought.
+      The foreign currency purchased was used by the Treasury to
+  repay foreign debt and did not affect the Bank's foreign
+  exchange reserves. They slipped 394 mln francs to 37.33
+  billion, mostly due to sales of dollars for Special Drawing
+  Rights, the spokesman said.
+  
+
diff --git a/reuters/training/3486 b/reuters/training/3486
new file mode 100644
index 0000000000000000000000000000000000000000..448dbcb9d2e0d7d38953d5d0e41616e0824bc7fa
--- /dev/null
+++ b/reuters/training/3486
@@ -0,0 +1,30 @@
+GKN PLC <GKNL.L> 1986 YEAR
+  Shr 28.5p vs 26.6p.
+      Final div 8p, making 13p vs 12p.
+      Pre-tax profit 132.4 mln stg vs 132.7 mln.
+      Net profit befire minorities  81.0 mln vs 74.4 mln.
+      Sales 2.06 billion stg vs 2.20 billion.
+      Extraordinary debit 36.5 mln vs 20.4 mln.
+      Trading surplus after depreciation 145.7 mln stg vs 158.1
+      Mln
+      Investment and interest income 5.4 mln vs 3.8 mln
+      Interest payable 42.5 mln vs 43.9 mln
+      Profits from related companies, less losses, 23.8 mln vs
+      14.7 mln
+      Tax 51.4 mln vs 58.3 mln
+      Profit attributable to outside shareholders' interests 12.6
+      Mln vs 11.2 mln
+      Note - Extraordinary debit included charge for
+  restructuring auto parts distribution in France and loss of 10
+  mln stg on sale of steel stock business.
+      Trading surplus comprised -
+      Automotive components and products 101 mln stg vs 105 mln
+      Industrial services and supplies 30 mln vs 21 mln
+      Wholesale and industrial distribution 11 mln vs 22 mln
+      Steels and forgings four mln vs 10 mln
+      By region, Britain contributed 34 mln stg vs 47 mln
+      Continental Europe 77 mln vs 56 mln
+      U.S.A. 28 mln vs 51 mln
+      Rest of world seven mln vs four mln
+  
+
diff --git a/reuters/training/3488 b/reuters/training/3488
new file mode 100644
index 0000000000000000000000000000000000000000..1cbd3b87611b17964caa47cad743303b70d669d1
--- /dev/null
+++ b/reuters/training/3488
@@ -0,0 +1,82 @@
+ECONOMIC SPOTLIGHT - CHINA'S FOREIGN DEBT UP
+  China's foreign debt reached 27 billion
+  dlrs by the end of 1986, but despite an over-exposure to
+  short-term credits and yen borrowing, China remains very
+  creditworthy with an improved 1987 export outlook, foreign
+  bankers and Chinese officials told Reuters.
+      Foreign bankers said China's total debt rose sharply from
+  an estimated 20 billion dlrs at end-1985 to cover increased
+  import commitments but the debt/equity ratio remains low,
+  between eight and 10 pct.
+      China remains a cautious and popular borrower, they said.
+      Zhang Haoruo, vice minister of Foreign Economic Relations
+  and Trade, said last Friday that China signed foreign loan
+  agreements for 6.94 billion dlrs last year, 96.6 pct up on
+  1985, with actual loans amounting to 4.83 billion, up 93 pct.
+      Officials said China would borrow 25 to 30 billion dlrs in
+  the 1986-90 five year plan period, but foreign bankers said
+  they estimate foreign loans at 30 to 40 billion.
+      A Western banker said China's portfolio contains too much
+  short-term debt and too much of it is denominated in yen as a
+  result of aggressive lending by Japanese banks and attractive
+  low interest rates in the Japanese market.
+      The strong yen appreciation has cost China dearly and is
+  likely to make it reduce new yen borrowings, the banker said.
+      A Chinese trade official estimated the yen component of the
+  country's total debt at about 30 pct.
+      The Peking representative of a Japanese securities house
+  said the rapid yen rise had caught China and his firm unawares.
+      "Interest rates in Japan are at a historical low, but China,
+  which will remain an active borrower this year, is likely to go
+  elsewhere for capital, to get a better currency spread," he
+  said.
+      The Western banker said the excess of short-term loans is
+  in part a result of China's inexperience in the foreign capital
+  markets, which it entered only in the early 1980s.
+      "Officials do not think of China but of their own department
+  or firm. Some loans that were entered into did not have the
+  full backing of the People's Republic of China," he said.
+      "The dilemma for China, in foreign borrowing as in other
+  areas, is to balance central control with giving reasonable
+  autonomy to firms. It is searching for the mechanisms to
+  exercise indirect controls," he said.
+      The banker said officials have stressed repeatedly over the
+  past six weeks that China's foreign borrowing will not be
+  affected by a drive against "bourgeois liberalism," a phrase
+  meaning Western political ideas, following the dismissal of
+  Communist Party chief Hu Yaobang on January 16.
+      A U.S. Banker said there is no evidence that China's
+  foreign exchange reserves have fallen below the officially
+  stated figure of 10 billion dlrs.
+      "The Bank of China is both a buyer and a seller in the
+  market, which would know quickly if it was buying heavily in
+  advance of an announcement the reserves were down," he said.
+      The banker said such buying has not been going on. "Things
+  are normal. Trade deficits such as China had last year and in
+  1985 are normal for a country at its stage of development."
+      Customs figures show China had a trade deficit of 11.9
+  billion dlrs in 1986, down from 14 billion in 1985.
+      A Ministry of Foreign Economic Relations and Trade official
+  said this year's outlook for exports, which account for more
+  than 75 pct of foreign exchange earnings, is much healthier
+  than a year ago.
+      The renminbi has matched the U.S. Dollar fall, he said. It
+  was quoted at 3.72 today, little changed from 3.7 a year ago.
+      The official said China has taken measures to improve its
+  export performance, including incentive offers to exporters and
+  the establishment of export production bases.
+      "We expect higher prices for our oil exports this year," he
+  added.
+      Official estimates put China's 1986 export losses from the
+  drop in world oil prices at three billion dlrs.
+      A Western diplomat said China's foreign debt needs careful
+  management but its debt service ratio remains very low at six
+  to eight pct.
+      "We base our assessment not on China's foreign exchange
+  reserves but on its export performance, just as you assess a
+  company on its performance, not its bank account," he said.
+      He said China performed very well in the export field last
+  year and remains a very creditworthy country which will have
+  few difficulties in increasing its borrowing.
+  
+
diff --git a/reuters/training/349 b/reuters/training/349
new file mode 100644
index 0000000000000000000000000000000000000000..fa6794472c7a9d217493e1b6784ee86bd5f19a3e
--- /dev/null
+++ b/reuters/training/349
@@ -0,0 +1,14 @@
+GULF ARAB DEPUTY OIL MINISTERS TO MEET IN BAHRAIN
+  Deputy oil ministers from six Gulf
+  Arab states will meet in Bahrain today to discuss coordination
+  of crude oil marketing, the official Emirates news agency WAM
+  reported.
+      WAM said the officials would be discussing implementation
+  of last Sunday's agreement in Doha by Gulf Cooperation Council
+  (GCC) oil ministers to help each other market their crude oil.
+      Four of the GCC states - Saudi Arabia, the United Arab
+  Emirates (UAE), Kuwait and Qatar - are members of the
+  Organiaation of Petroleum Exporting Countries (OPEC) and some
+  face stiff buyer resistance to official OPEC prices.
+  
+
diff --git a/reuters/training/3490 b/reuters/training/3490
new file mode 100644
index 0000000000000000000000000000000000000000..761c4318f5bf20bd6c75b7f7038c14346e0fb573
--- /dev/null
+++ b/reuters/training/3490
@@ -0,0 +1,40 @@
+ULTRAMAR SAYS FOURTH QUARTER SHOWED IMPROVEMENTS
+  Ultramar Plc <UMAR.L> said that while
+  its fourth 1986 quarter had improved from the operational point
+  of view, several special charges adversely affected results.
+      Overall the year had not been a good one, with upstream
+  operations dramatically hit by the fall in crude oil prices and
+  downstream operations also affected in the first half by large
+  losses on inventories.
+      But margins improved in the second half and in particular
+  refining and marketing in Eastern Canada showed a good
+  recovery.
+      The company was commenting on results that showed a net
+  loss for the year of 62.1 mln stg after a 71.6 mln profit in
+  1985.
+      The fourth quarter charges included a 20.8 mln stg
+  provision on a retroactive price agreement recently initialled
+  by Pertamina and Japanese buyers of the company's liquid
+  natural gas and 4.7 mln for the early months of its ownership
+  of Gulf Canada's marketing assets.
+      Ultramar said it had also included the estimated cost of a
+  further reorganisation programme, which was partly offset by a
+  withdrawal of surplus funds from U.S. Pension schemes, and a
+  13.5 mln stg provision for the estimated cost of selling its
+  U.S. Flag shipping operation.
+      The immediate outlook for crude oil prices was uncertain
+  although it was unlikely there would be any sizeable increase
+  in the near term. However, Ultramar said it was optimistic
+  prices would strengthen over the longer term.
+      Its substantial reserves of crude oil and natural gas put
+  it in a good position to benefit from any price recovery.
+      In the meantime, Ultramar's objectives were to improve
+  profitability by selling or restructuring weak operations while
+  strengthening core businesses and developing a sound
+  operational and financial base.
+      Proven, probable and possible reserves at end-1986 totalled
+  about 700 mln barrels net on an oil-equivalent basis.
+      Ultramar shares firmed on the announcement to 187p from
+  181p at last night's close.
+  
+
diff --git a/reuters/training/3491 b/reuters/training/3491
new file mode 100644
index 0000000000000000000000000000000000000000..ea118870bfd58a3cb9145efa28e5c63992cb492f
--- /dev/null
+++ b/reuters/training/3491
@@ -0,0 +1,14 @@
+QUEENSLAND PRESS BOARD RECOMMENDS MURDOCH OFFER
+  The <Queensland Press Ltd> (QPL) board
+  said it unanimously recommended the one billion dlr takeover
+  bid by <Cruden Investments Pty Ltd>, a family company of News
+  Corp Ltd <NCPA.S> chief executive Rupert Murdoch.
+      The 23 dlrs a share cash-only offer is nearly double the
+  market price before News announced its now-completed bid for
+  The Herald and Weekly Times Ltd <HWTA.S> in early December and
+  no other offer is likely, it said in a statement.
+      Independent adviser, <Wardley Australia Ltd>, had also
+  concluded the offer was fair and reasonable, it added.
+      QPL is already owned 48.3 pct by HWT.
+  
+
diff --git a/reuters/training/3492 b/reuters/training/3492
new file mode 100644
index 0000000000000000000000000000000000000000..3066dd46e36725a76738b824d4223ef9727e02ba
--- /dev/null
+++ b/reuters/training/3492
@@ -0,0 +1,22 @@
+EC COMMISSION DECLINES COMMENT ON SUGAR OFFER
+  The European Community (EC) Commission
+  declined to give an official reaction to reports that a group
+  of european operators plan to offer one mln tonnes of sugar
+  into intervention in protest at Commission export policies.
+      However, a spokesman for the Commission confirmed the
+  offers had been made to intervention agencies in various member
+  states, and said it would now take up to three weeks for the
+  agencies concerned to complete all necessary documentation.
+      The spokesman said that under current regulations, the EC
+  would have to accept all the offers if there were no technical
+  problems.
+      The spokesman said the Commission would only have to
+  reimburse the member state for the cost of buying-in the sugar
+  after the product was sold out of intervention stores at a
+  later date.
+      He said that at present there was virtually no sugar held
+  in intervention stores.
+      Last year, 45,000 tonnes were sold into intervention and
+  during the 1984-85 campaign 108,000 tonnes.
+  
+
diff --git a/reuters/training/3493 b/reuters/training/3493
new file mode 100644
index 0000000000000000000000000000000000000000..0e37ed24c354508c66d2e48743b62bd79b2dcea4
--- /dev/null
+++ b/reuters/training/3493
@@ -0,0 +1,34 @@
+INDONESIAN BANKS RAISE INTEREST RATES
+  A tight money market has pushed
+  interest rates on three to six month time deposits to between
+  15 and 18 pct from 13 to 15 pct a month ago, bankers said.
+      March is usually a tight month for the money market because
+  of tax payments and banks' need to attract funds for their
+  year-end accounts on March 31.
+      This year the situation has been made worse by December's
+  rush to buy dollars by companies and businessmen who feared
+  imposition of exchange controls. Much of that outflow has yet
+  to be converted back into rupiah.
+      "A lot of small money has come back in, but the big money is
+  holding out until after April," one U.S. Banker said.
+      The tight money policy of Bank Indonesia, the central bank,
+  is helping to keep rates high.
+      Short-term lending rates now average 25 pct a year, with no
+  prospect they will be lowered soon, the bankers said.
+      Central Bank governor Arifin Siregar said earlier this week
+  that Indonesia could look forward to better economic prospects
+  in 1987/88, but added the "speculators" who led a run on the
+  rupiah late last year could again pose problems.
+      Indonesia holds general elections on April 23, the first in
+  five years, and most businessmen expect no new government
+  economic packages or incentives before then.
+      "Some people are nervous about what the government will do
+  after the election," one banker said. "They normally try to do
+  things before the IGGI (Inter-Governmental Group on Indonesia)
+  meeting (in June) to prove they are doing something about the
+  economy to show they deserve a couple of billion dollars."
+      The IGGI, which groups 14 industrialised donor countries
+  and four agencies, gave Indonesia 2.5 billion dlrs in soft
+  loans and grants last year.
+  
+
diff --git a/reuters/training/3497 b/reuters/training/3497
new file mode 100644
index 0000000000000000000000000000000000000000..00fd9b9d6e190b28b2454636d9093586ef5ee529
--- /dev/null
+++ b/reuters/training/3497
@@ -0,0 +1,20 @@
+HIGHVELD (HGVJ.J) SEES LOWER 1987 EARNINGS
+  Highveld Steel and Vanadium Corp
+  Ltd said it expects 1987 earnings will be lower than last
+  year's previously reported 85 cts a share.
+      But profits "will be at a satisfactory level," the company
+  said in the annual report without giving a specific estimate.
+      Highveld said it expects appreciation of the rand will be
+  offset to some extent by increasing U.S. Dollar prices for its
+  exports as the year progresses.
+      Highveld said measures taken last year by the European
+  Economic Community and the United States prohibiting all South
+  African steel products "presents a challenge to management to
+  place the steel in other areas."
+      The company said overall world vanadium consumption in 1987
+  is expected to be similar to last year although China's role is
+  still an unknown factor in the total supply-demand situation.
+      "World vanadium production capacity is still believed to be
+  adequate to cater for any foreseeable demand," it added.
+  
+
diff --git a/reuters/training/3499 b/reuters/training/3499
new file mode 100644
index 0000000000000000000000000000000000000000..116657956c78bd570a89c7e029333d9f58b5a217
--- /dev/null
+++ b/reuters/training/3499
@@ -0,0 +1,7 @@
+SAUDI ARABIA BUYS 5,000 TONNES RBD PALM OLEIN
+  Saudi Arabia bought 5,000 tonnes of
+  refined bleached deodorised palm olein at its import tender
+  yesterday for April 16/25 shipment at 353 dlrs per tonne cost
+  and freight Jeddah, traders said.
+  
+
diff --git a/reuters/training/3504 b/reuters/training/3504
new file mode 100644
index 0000000000000000000000000000000000000000..e127d038c9cff4ded6afe8d458b79b300cf0c0fe
--- /dev/null
+++ b/reuters/training/3504
@@ -0,0 +1,5 @@
+ Belgium cuts discount rate to 8.0 pct from 8.50 - official
+
+   Belgium cuts discount rate to 8.0 pct from 8.50 - official
+  
+
diff --git a/reuters/training/3505 b/reuters/training/3505
new file mode 100644
index 0000000000000000000000000000000000000000..f745272cd05d08e61b5c95e8dd5cc34a06777b7c
--- /dev/null
+++ b/reuters/training/3505
@@ -0,0 +1,52 @@
+PREUSSAG SAYS PAYMENT OF A 1986 DIVIDEND NOT CERTAIN
+  A spokesman for Preussag
+  AG <PRSG.F> said it was not yet certain whether the company
+  would pay a dividend on 1986 results
+      He was commenting on a Preussag statement which said
+  results in 1986 were lower than in 1985. Preussag has
+  frequently said its results came under further pressure in 1986
+  following a difficult year in 1985.
+      Managing board chairman Guenther Sassmannshausen said in
+  December the board would prefer to stick to its policy of not
+  dipping into reserves to pay dividends. The spokesman noted the
+  final dividend decision rests with the supervisory board.
+      The Preussag statement said results fell in 1986 compared
+  with 1985 because declines in earnings in metals, oil and
+  shipping were not entirely compensated by positive trends in
+  the group's other divisions.
+      The spokesman said it was not clear whether the domestic
+  group would show a net profit in 1986, adding this would depend
+  partly on the level of provisions.
+      Preussag cut its 1985 dividend to eight marks from nine
+  marks on 1984 results after parent company net profit dropped
+  to 65.0 mln marks from 103.0 mln the year before.
+      The Preussag world group made a net loss of 13.1 mln marks
+  in 1985 after a net profit of 154.5 mln the year before.
+  Domestic group net profit fell to 77.9 mln from 122.2 mln.
+      The statement said its results in 1986 were affected by
+  unsatisfactory selling prices for metals and oil as well as by
+  poor use of capacity in the supply ship sector.
+      The reduction in natural gas prices in the fourth quarter
+  of 1986 to reflect earlier falls in oil prices was an
+  additional factor behind the drop in results.
+      Preussag said rationalization measures already introduced
+  would not begin to take full effect until this year.
+      Preussag's domestic group turnover rose to 4.48 billion
+  marks in 1986 from 4.29 billion in 1985, helped by the first
+  time consolidation of 951.8 mln marks of turnover from its
+  majority-owned oil and gas subsidiary C. Deilmann AG.
+      Domestic group turnover in the 1986 fourth quarter alone
+  was 1.1 billion marks, it said without giving comparison
+  figures.
+      Preussag said its domestic crude oil production fell 4.0
+  pct to 94,400 tonnes in 1986, while foreign oil production rose
+  to 182,900 tonnes from 174,500 tonnes.
+      Preussag said its Amalgamated Metal Corporation Plc (AMC)
+  subsidiary, whose results are included in the world group
+  accounts, made an unspecified profit in the fourth quarter of
+  last year.
+      AMC's large losses in 1985, caused principally by the
+  international tin crisis, were the reason behind the world
+  group losses that year.
+  
+
diff --git a/reuters/training/3507 b/reuters/training/3507
new file mode 100644
index 0000000000000000000000000000000000000000..27bc56b1861a935ab4cc43fc5621c1c87c180b97
--- /dev/null
+++ b/reuters/training/3507
@@ -0,0 +1,14 @@
+OIL FIRMS CUT 1987 INDONESIAN EXPLORATION SPENDING
+  Foreign oil companies will spend less
+  on exploration in Indonesia this year than last, budgeting 2.7
+  billion dlrs for calendar 1987 against 1986 spending of 2.8
+  billion dlrs, the state oil company Pertamina said.
+      Actual spending last year fell short of the budgeted figure
+  of 3.2 billion dlrs, as oil companies slashed expenditure
+  because of the crash in world oil prices.
+      Jumardi Jukardi, head of Pertamina's coordinating board for
+  foreign contractors, said foreign companies will drill 110
+  exploration wells and 431 development wells this year, against
+  108 and 330 last year.
+  
+
diff --git a/reuters/training/3509 b/reuters/training/3509
new file mode 100644
index 0000000000000000000000000000000000000000..8572554dc27ca3707da4bd2642043faa9ccb0bfa
--- /dev/null
+++ b/reuters/training/3509
@@ -0,0 +1,23 @@
+INDONESIA OIL CONTRACT NEGOTIATIONS END THIS MONTH
+  Negotiations between Indonesia's state
+  oil company Pertamina and foreign oil contractors on extension
+  of the standard 30-year production sharing contract will be
+  concluded by the end of this month, a Pertamina official said.
+      Jumardi Jukardi, head of Pertamina's foreign contractors
+  coordinating board, gave no details about the outcome of the
+  talks.
+      But Pertamina President Abdul Rachman Ramly has said
+  priority will be given to extending contracts for companies
+  whose exploration and production contracts expire within the
+  next seven to 10 years.
+      Jukardi, speaking to Indonesian reporters, said the
+  negotiations would determine whether the 85-15 production
+  sharing split in favour of Pertamina would be adhered to or
+  altered in some cases as oil companies are asking for.
+      Hardjoko Seputro, spokesman for the Mines and Energy
+  Ministry, has said that President Suharto has agreed in
+  principle to extension of the standard 30-year production
+  sharing contract to reflect better current depressed conditions
+  on the international oil market.
+  
+
diff --git a/reuters/training/3511 b/reuters/training/3511
new file mode 100644
index 0000000000000000000000000000000000000000..b9af64e7fd55bbe2b62884678f8f5d4f0093d1f3
--- /dev/null
+++ b/reuters/training/3511
@@ -0,0 +1,21 @@
+TRADE SAYS EC SUGAR TENDER HARD TO FORECAST
+  Traders here and in Paris said the
+  results of today's EC white sugar tender are hard to forecast
+  because of plans by a group of French, West German, Dutch and
+  Belgian operators to sell one mln tonnes of sugar into
+  intervention.
+      London traders said bids for licences have been reported
+  between 43.00 and 44.00 Ecus per 100 kilos and if any licences
+  are granted they are likely to be towards the lower end of that
+  range, possibly 43.30/43.50 Ecus.
+      Traders in Paris said they expect maximum rebates of
+  between 43 and 43.50 Ecus.
+      Other than the Commission releasing no sugar for export,
+  the likely tonnage is expected to be very small, the London
+  traders said, while the French sources declined to estimate
+  volume in view of the psychological impact of the planned sales
+  into intervention in protest against EC export policies.
+      Last week licences for 60,500 tonnes were awarded at a
+  maximum rebate of 43.147 Ecus.
+  
+
diff --git a/reuters/training/3512 b/reuters/training/3512
new file mode 100644
index 0000000000000000000000000000000000000000..83e527bb24dcb0fd3f7b247bda9c69135936c40d
--- /dev/null
+++ b/reuters/training/3512
@@ -0,0 +1,55 @@
+KOREA PLANS TO OPEN MARKETS TO EASE WON PRESSURE
+  South Korea will further open its market
+  to help cut its trade surplus with the U.S. And to fight off
+  pressure to revalue the won against the dollar, a government
+  spokesman said.
+      The spokesman said Korean trade minister Rha Woong-Bae's
+  stand in Washington yesterday against pressure from industrial
+  nations to revalue the won underlined the government's
+  determination to stand firm.
+      Rha told the U.S. Chamber of Commerce "Demands that Korea
+  carry out a drastic and sudden currency revaluation of five or
+  10 pct are, I believe, extremely ill-advised."
+      Deputy prime minister Kim Mahn-Je told a meeting of local
+  businessmen "The government's policy on the question of
+  revaluing the won is to maintain a steadfast position."
+      Kim said South Korea was ready to move slowly to raise the
+  won's value because of its heavy foreign debt which stood at
+  44.5 billion dlrs at the end of 1986.
+      Six industrialised nations agreed in Paris last month that
+  newly industrialising countries, such as South Korea and
+  Taiwan, should allow their currencies to appreciate.
+      But local businessmen have said won/dollar parity has
+  already reached "a crisis level."
+      An official of the Korea Traders' Association (KTA) said if
+  the won strengthened another five pct, this would mean the loss
+  of profitability for nearly half of all South Korean exporters.
+      "We are determined not to go the way of Latin American
+  debtor nations which have suspended interest payments of their
+  debts," the spokesman said. "The only way to keep our good record
+  is to maintain our exports.+
+      The trade minister said yesterday should Seoul revalue the
+  won suddenly Korea would run "a tremendous trade deficit and
+  could degenerate into a country, like many other developing
+  countries, which is reneging on its international obligations."
+      The spokesman said South Korea had been gradually
+  appreciating its currency, ruling out a major revaluation. So
+  far this year, the won has gone up by 0.8 pct against the
+  dollar after a 3.34 pct revaluation in 1986.
+      He said South Korea was selecting "many" of 122 items on
+  which Washington recently asked Seoul to lower tariffs to help
+  narrow its trade surplus with the U.S. No further details were
+  given.
+      Seoul announced in January the lifting of bans on 158
+  items, including sensitive agricultural products and large
+  cars, effective from July.
+      South Korea posted its first ever current account surplus
+  last year, due largely to a trade surplus with the U.S. Of 7.1
+  billion dlrs, against a 4.3 billion deficit in 1985. It earlier
+  forecast that its current account surplus could reach eight
+  billion dlrs this year.
+      But the government official said the surplus would be held
+  at around five billion dlrs to avoid further pressure by
+  industrialised nations to push up the value of its currency.
+  
+
diff --git a/reuters/training/3514 b/reuters/training/3514
new file mode 100644
index 0000000000000000000000000000000000000000..714dc3262a35cb9c0da47ca38df81f5d282b4670
--- /dev/null
+++ b/reuters/training/3514
@@ -0,0 +1,36 @@
+GERMAN CALL MONEY EASES AFTER LIQUIDITY INJECTION
+  Call money eased to 3.75/80 pct from
+  3.80/85 yesterday following a net injection of 6.7 billion
+  marks at a rate of 3.80 pct in fresh funds from this week's
+  securities repurchase agreement, dealers said.
+      But rates were expected to rise toward the end of the week.
+      A major tax payment period by banks on behalf of customers,
+  payments for the federal railways loan stock and repayments of
+  mark liabilities incurred by foreign central banks with the
+  Bundesbank in the framework of the European Monetary System
+  (EMS) are likely to significantly burden the system. Banks
+  built up minimum reserves today, ahead of the expected outflow.
+      The Bundesbank credited banks with a gross 15.2 billion
+  marks, but some 8.5 billion left the system at the same time as
+  an earlier securities repurchase pact matured.
+      Dealers estimated the EMS related outflow as high as six
+  billion marks.
+      The Bundesbank declined to comment, but a spokesman said
+  yesterday although the funds now due may be allowed to roll
+  over, the possibility that other central banks may choose to
+  redeem them meant a net infusion was needed.
+      Dealers forecast tax payments of 25 and 30 billion marks,
+  but much of it is expected to burden the system only next week.
+      Banks' minimum reserve holdings at the Bundesbank totalled
+  53.6 billion marks on Monday, averaging 54.0 billion over the
+  first nine days of March.
+      Dealers said although the figure was well above an expected
+  requirement of around 51 billion marks, the expected outflow of
+  funds was so large that banks might find it difficult to meet
+  the requirement toward the end of March.
+      No securities repurchase agreement is expiring next week,
+  but dealers said the Bundesbank could offer fresh liquidity if
+  conditions significantly tighten. "The Bundesbank wants to keep
+  rates around 3.80 pct," one dealer said.
+  
+
diff --git a/reuters/training/3517 b/reuters/training/3517
new file mode 100644
index 0000000000000000000000000000000000000000..d4085a0e0f684f45ae9f9b81436ba08fc1702cae
--- /dev/null
+++ b/reuters/training/3517
@@ -0,0 +1,15 @@
+BTR PLC <BTRX.L> 1986 YEAR
+  Shr 21.2p vs 16.0p
+      Div 4.75p making 8.25p vs 5.83p
+      Pretax profit 505 mln stg vs 362 mln
+      Turnover 4.02 billion vs 3.88 billion
+      Tax 128 mln vs 85 mln
+      Operating profit 527 mln vs 421 mln
+      Operating profit includes -
+      Other income 30 mln vs 41 mln
+      Financial costs 52 mln vs 100 mln
+      Minorities 25 mln vs 16 mln
+      Earnings 352 mln vs 261 mln
+      Extraordinary credit 78 mln vs 34 mln debit.
+  
+
diff --git a/reuters/training/352 b/reuters/training/352
new file mode 100644
index 0000000000000000000000000000000000000000..105b0ffe00bd9a9ed014aa35fb11241b0ed4d254
--- /dev/null
+++ b/reuters/training/352
@@ -0,0 +1,14 @@
+SAUDI ARABIA REITERATES COMMITMENT TO OPEC ACCORD
+  Saudi Arabian Oil Minister Hisham Nazer
+  reiterated the kingdom's commitment to last December's OPEC
+  accord to boost world oil prices and stabilize the market, the
+  official Saudi Press Agency SPA said.
+      Asked by the agency about the recent fall in free market
+  oil prices, Nazer said Saudi Arabia "is fully adhering by the
+  ... accord and it will never sell its oil at prices below the
+  pronounced prices under any circumstance."
+      Saudi Arabia was a main architect of December pact under
+  which OPEC agreed to cut its total oil output ceiling by 7.25
+  pct and return to fixed prices of around 18 dollars a barrel.
+  
+
diff --git a/reuters/training/3520 b/reuters/training/3520
new file mode 100644
index 0000000000000000000000000000000000000000..30e8f50ce19cf6c89a1ed0b82af5ccdc00e7cc4c
--- /dev/null
+++ b/reuters/training/3520
@@ -0,0 +1,19 @@
+JAPAN'S JOBLESS SEEN RISING TO 3.3 PCT IN 1987/88
+  The yen's rise against the dollar is
+  expected to boost Japan's unemployment rate to an average 3.3
+  pct in the 1987/88 fiscal year beginning April 1 from January's
+  record three pct, the private Nomura Research Institute said.
+      The official 1987/88 estimate is 2.9 pct.
+      The research arm of Nomura Securities Co forecast
+  unemployment would exceed two mln by mid-fiscal 1987, against
+  an estimated 1.75 mln for the current year.
+      Nomura urged the government to take pump-priming measures
+  to help redress trade imbalances and boost employment.
+      Employment in manufacturing during fiscal 1987/88 was
+  predicted to fall 550,000 from the current year due to higher
+  job losses in the steel, shipbuilding and heavy electrical
+  machinery sectors, Nomura said.
+      Employment in the non-manufacturing sector will continue to
+  increase, the institute said, without giving figures.
+  
+
diff --git a/reuters/training/3524 b/reuters/training/3524
new file mode 100644
index 0000000000000000000000000000000000000000..ae2cc2a4bbbf96fd5d0e91d8988e48d0f98e3665
--- /dev/null
+++ b/reuters/training/3524
@@ -0,0 +1,41 @@
+SPAIN EXTENDS RESERVE REQUIREMENT
+  The Bank of Spain has extended the
+  reserve requirement for banks to their convertible peseta funds
+  in an attempt to curb speculation in short-term capital which
+  is currently fuelling money supply growth.
+      In a statement issued late last night, the central bank
+  said convertible peseta accounts, funds which are not subject
+  to exchange controls, would also be subject to a 19 pct reserve
+  requirement with effect from Friday.
+      Convertible peseta funds had been previously exempt from
+  reserve requirements.
+      The measure comes one week after the central bank raised
+  reserve requirements on domestic deposits by one percentage
+  point to 19 pct, also with effect on Friday.
+      Banking sources say the high real interest rates on offer
+  now -- around eight pct for overnight funds -- have attracted a
+  large influx of speculative foreign capital which is
+  threatening the government's monetary targets.
+      They say this influx is largely responsible for Spain's
+  principal measure of money supply, the broad-based liquid
+  assets in public hands (ALP), to have grown by an estimated 17
+  pct annualised rate in February, compared with January's 8.3
+  pct rise and an 11.4 pct rise during the whole of 1986. The
+  target for 1987 is eight pct.
+      The Bank of Spain today did not provide assistance funds to
+  banks in a move to drain excess liquidity from the money
+  market. Liquidity will be further tightened by the fortnightly
+  Treasury Bill auction tomorrow and Friday's hike in reserve
+  requirements, expected to absorb over 200 billion pesetas from
+  the system.
+      The immediate reaction was a hike in interbank interest
+  rates today to 13.75/14.00 pct from yesterday's 13.46 pct
+  average for deposits.
+      Bank of Spain officials said this was an understandable
+  response "given that the market is short of funds."
+      But banking sources noted that a continued rise in interest
+  rates would neutralize the central bank's attempts to curtail
+  short-term speculation with foreign funds by making the Spanish
+  money markets more attractive.
+  
+
diff --git a/reuters/training/3526 b/reuters/training/3526
new file mode 100644
index 0000000000000000000000000000000000000000..1d2aa11ccbfe20eb631fc3e9ab5eba2bd950d673
--- /dev/null
+++ b/reuters/training/3526
@@ -0,0 +1,13 @@
+HUNGARY TO DEVALUE FORINT AGAINST WESTERN UNITS
+  Hungary is to devalue the forint by an
+  average of eight pct against Western currencies, the official
+  news agency MTI said.
+      MTI did not say when the devaluation would become
+  effective, but it expected new rates to be announced later
+  today.
+      Hungary devalued the forint by a similar amount last
+  September 23. Western bankers say the forint is more
+  realistically valued than currencies of Hungary's COMECON
+  allies.
+  
+
diff --git a/reuters/training/3528 b/reuters/training/3528
new file mode 100644
index 0000000000000000000000000000000000000000..7d0551ace7cbd31e25822b27f30fb137380c8370
--- /dev/null
+++ b/reuters/training/3528
@@ -0,0 +1,23 @@
+SUMITA SAYS LITTLE ROOM FOR BANK TO EASE POLICY
+  Bank of Japan governor Satoshi Sumita
+  said there is little room left for the central bank to further
+  ease its credit policy as interest rates levels are now
+  approaching their lower limit.
+      "The government should instead seek ways of making the best
+  use of its fiscal policy," he told a press conference.
+      His remarks were concerned with a comprehensive economic
+  stimulative package the government plans to adopt in the coming
+  days.
+      At the recent talks among the six major industrialised
+  nations in Paris, Japan promised to work out a comprehensive
+  economic package to boost domestic demand, which in turn would
+  help increase its imports and reduce its trade surplus.
+      Sumita also said the economy will show a gradual upturn in
+  the second half of the year if the yen remains stable.
+      He said there is caution in the foreign exchange market
+  against a further rise of the yen and mark and this explains
+  the recent stability in the currency markets. Conflicting
+  economic indicators from the U.S. Have also been dampening
+  market activity, he added.
+  
+
diff --git a/reuters/training/353 b/reuters/training/353
new file mode 100644
index 0000000000000000000000000000000000000000..a31cf201c4668eae51105613c7c6ae3e4a3876f0
--- /dev/null
+++ b/reuters/training/353
@@ -0,0 +1,14 @@
+KUWAIT MINISTER SAYS NO EMERGENCY OPEC TALKS SET
+  Kuwait's oil minister said in a newspaper
+  interview that there were no plans for an emergency OPEC
+  meeting after the recent weakness in world oil prices.
+      Sheikh Ali al-Khalifa al-Sabah was quoted by the local
+  daily al-Qabas as saying that "none of the OPEC members has
+  asked for such a meeting."
+      He also denied that Kuwait was pumping above its OPEC quota
+  of 948,000 barrels of crude daily (bpd).
+      Crude oil prices fell sharply last week as international
+  oil traders and analysts estimated the 13-nation OPEC was
+  pumping up to one million bpd over its self-imposed limits.
+  
+
diff --git a/reuters/training/3531 b/reuters/training/3531
new file mode 100644
index 0000000000000000000000000000000000000000..4356d9d491b27c6b728a7eac8eb254a9ebb496de
--- /dev/null
+++ b/reuters/training/3531
@@ -0,0 +1,25 @@
+AUSTRALIA LEADING INDEX CONTINUES RISE IN DECEMBER
+  Westpac Banking Corp and the
+  Melbourne University Institute of Applied Economic and Social
+  Research said their leading index of Australian economic
+  activity rose for the ninth successive month in December.
+      The index rose to 134.1 (base 1980) from 129.8 in November
+  and 122.8 a year earlier, the Westpac-Institute report said.
+      Annualised, it rose 13 pct in December against seven pct in
+  November and one pct a year earlier, based on the ratio of the
+  latest index to the average over the previous 12 months.
+      The report said the index is now 12 points or 9.8 pct above
+  its trough in March 1986.
+      Westpac's chief economist Bob Graham said the consistent
+  upward trend in the leading index emphasised the need for a
+  tough mini-budget in May. "An untoward increase in consumption
+  spending before the balance of payments improves would have
+  disastrous consequences," he said.
+      The coincident index also rose an annualised three pct in
+  December against zero movement in November and a seven pct rise
+  a year earlier, Westpac and the Institute said.
+      They said this index continued to show the current
+  recession is shallow and is more likely to involve a slowing in
+  real growth than an absolute fall in economic activity.
+  
+
diff --git a/reuters/training/3532 b/reuters/training/3532
new file mode 100644
index 0000000000000000000000000000000000000000..6120808d2d3c4b4af841dc9933dd97564ae58f2f
--- /dev/null
+++ b/reuters/training/3532
@@ -0,0 +1,24 @@
+JAPAN CANNOT BEAR FURTHER YEN RISE, MINISTER SAYS
+  Japan cannot bear a further rise of the
+  yen, Foreign Minister Tadashi Kuranari said.
+      "A further stronger yen would be a misfortune for Japan and
+  the Japanese people would not be able to bear such a burden," he
+  told reporters.
+      The minister said he wants to tell U.S. Political leaders
+  of the sacrifices Japan is making to cut its trade surplus.
+      Kuranari was widely expected to fly to Washington tomorrow
+  for talks focussing on trade. But departure remains uncertain
+  because of the continuing parliamentary boycott by opposition
+  parties protesting plans for a new sales tax.
+      If the boycott is lifted tomorrow, Kuranari would probably
+  have to remain in Japan to attend parliamentary discussions on
+  the government's 1987/88 budget, Japanese officials said.
+      Kuranari said both the U.S. And Japan should approach the
+  trade imbalance in a calm, unemotional manner.
+      But, he added, "If the issue of rice is to be raised...I
+  would mention the feelings of the Japanese people."
+      Japanese politicians have said repeatedly the country
+  cannot bow to U.S. Pressure to liberalize rice imports because
+  the issue is too sensitive.
+  
+
diff --git a/reuters/training/3533 b/reuters/training/3533
new file mode 100644
index 0000000000000000000000000000000000000000..a6c51fe09aa1c74a76211eb2ce1effce0d1eed96
--- /dev/null
+++ b/reuters/training/3533
@@ -0,0 +1,11 @@
+BANK OF ENGLAND DOES NOT INTERVENE IN MONEY MARKET
+  The Bank of England said it did not
+  operate in the money market during the morning.
+      Initially, the bank forecast a liqudity shortage of some
+  300 mln stg for the market today.
+      Overnight interbank sterling traded at the 11-1/4 1/8 pct
+  level for most of the morning while period rates have eased on
+  the strength of sterling, dealers said. At 1200 gmt, sterling's
+  trade-weighted index was up 0.6 at 72.7.
+  
+
diff --git a/reuters/training/3534 b/reuters/training/3534
new file mode 100644
index 0000000000000000000000000000000000000000..a0e8c068dd9db17f685b6a09ef1d7cb60a3f7956
--- /dev/null
+++ b/reuters/training/3534
@@ -0,0 +1,96 @@
+U.S. URGES BANKS TO WEIGH PHILIPPINE DEBT PLAN
+  The U.S. is urging reluctant
+  commercial banks to seriously consider accepting a novel
+  Philippine proposal for paying its interest bill and believes
+  the innovation is fully consistent with its Third World debt
+  strategy, a Reagan administration official said.
+      The official's comments also suggest that debtors' pleas
+  for interest rate concessions should be treated much more
+  seriously by the commercial banks, in cases where developing
+  nations are carrying out genuine economic reforms.
+      In addition, he signaled that the banks might want to
+  reconsider the idea of a "megabank," where Third World debt would
+  be pooled, and suggested the administration would support such
+  a plan, even though it was not formally proposing it. At the
+  same time, however, the official expressed reservations that
+  such a scheme would ever get off the ground.
+      The Philippine proposal, together with Argentine
+  suggestions that "exit bonds" be issued to end the troublesome
+  role of small banks in the debt strategy, would help to
+  underpin the flagging role of private banks within the plan,
+  the official said in an interview with Reuters.
+      "All of these things would fit within the definition of our
+  initiative as we have asked it and we think any novel and
+  unique approach such as those should be considered," said the
+  official, who asked not to be named.
+      In October 1985, Washington outlined a debt crisis strategy
+  under which commercial banks and multilateral institutions such
+  as the World Bank and the International Monetary Fund (IMF)
+  were urged to step up lending to major debtors nations.
+      In return, America called on the debtor countries to enact
+  economic reforms promoting inflation-free economic growth.
+      "The multilaterals have been performing well, the debtors
+  have been performing well," said the official. But he admitted
+  that the largest Third World debtor, Brazil, was clearly an
+  exception.
+      The official, who played a key role in developing the U.S.
+  Debt strategy and is an administration economic policymaker,
+  also said these new ideas would help commercial banks improve
+  their role in resolving the Third World debt crisis.
+      "We called at the very beginning for the bank syndications
+  to find procedures or processes whereby they could operate more
+  effectively," the official said.
+      Among those ideas, the official said, were suggestions that
+  commercial banks create a "megabank" which could swap Third World
+  debt paper for so-called "exit bonds" for banks like regional
+  American or European institutions.
+      Such bonds in theory would rid these banks of the need to
+  lend money to their former debtors every time a new money
+  package was assembled, and has been suggested by Argentina in
+  its current negotiations for a new loan of 2.15 billion dlrs.
+      He emphasised that the "megabank" was not an administration
+  plan but "something some people have suggested."
+      Other U.S. Officials said Japanese commercial banks are
+  examining the creation of a consortium bank to assume Third
+  World debt. This plan, actively under consideration, would
+  differ slightly from the one the official described.
+      But the official expressed deep misgivings that such a plan
+  would work in the United States.
+      "If the banks thought that that was a suitable way to go,
+  fine. I don't think they ever will."
+      He pointed out that banks would swap their Third World
+  loans for capital in the megabank and might then be reluctant
+  to provide new money to debtors through the new institution.
+      Meanwhile, the official praised the Philippine plan under
+  which it would make interest payments on its debt in cash at no
+  more than 5/8 pct above Libor.
+      "The Philippine proposal is very interesting, it's quite
+  unique and I don't think it's something that should be
+  categorically rejected out of hand," the official said.
+      Banks which found this level unacceptably low would be
+  offered an alternative of Libor payments in cash and a margin
+  above that of one pct in the form of Philippine Investment
+  Notes.
+      These tradeable, dollar-denominated notes would have a
+  six-year life and if banks swapped them for cash before
+  maturity, the country would guarantee a payment of 7/8 point
+  over Libor.
+      Until now, bankers have criticised these spreads as far too
+  low. The talks, now in their second week, are aimed at
+  stretching out repayments of 3.6 billion dlrs of debt and
+  granting easier terms on 5.8 billion of already rescheduled
+  debt. The country, which has enjoyed strong political support
+  in Washington since Corazon Aquino came to power early last
+  year, owes an overall 27.8 billion dlrs of debt.
+      But the official denied the plan amounts to interest rate
+  capitalisation, a development until now unacceptable to the
+  banks. "It's no more interest rate capitalisation than if you
+  have a write down in the spread over Libor from what existed
+  before," the official said in comments suggesting some ought to
+  be granted the rate concessions they seek. "Some people argue
+  that (cutting the spread) is debt forgiveness... What it really
+  is is narrowing the spread on new money," he added.
+      He said the U.S. Debt strategy is sufficiently broad as an
+  initiative to include plans like the Philippines'.
+  
+
diff --git a/reuters/training/3535 b/reuters/training/3535
new file mode 100644
index 0000000000000000000000000000000000000000..a2e1e2b74d7cfaa421742fc21f2d49b785d74e9e
--- /dev/null
+++ b/reuters/training/3535
@@ -0,0 +1,63 @@
+POUND AND CANADIAN DOLLAR CAPTURING ATTENTION
+  Interest in the currency futures market
+  has shifted to the soaring British pound and the potentially
+  explosive Canadian dollar, and away from the dull Continental
+  and Japanese currencies, analysts said.
+      The June pound, which added 6.3 cents over the past
+  week-and-a-half to reach a new contract high of 1.5930 to the
+  dollar on Monday, has spawned a new-found speculative boom.
+      "Brokers have to push their clients somewhere...and
+  technically, the pound is in the best shape," PaineWebber
+  analyst Jason Gillard said.
+      "We've tried to take a bullish approach to the pound, and
+  we're going to stay with that, there's no reason to change,"
+  Smith Barney analyst Craig Sloane said.
+      Many traders took on long pound/short West German mark
+  futures positions, although some of those cross-trades were
+  liquidated yesterday, Sloane said.
+       The fundamental keys to the pound's rise have been
+  relatively high U.K. interest rates and a vague optimism
+  surrounding the British economy, analysts said.
+      "Money seems to be chasing yields," William Byers, of Bear
+  Stearns, said of the 10-1/2 pct U.K. base lending rate.
+      Many analysts are skeptical about further gains in the
+  pound, on the inference that the Bank of England will seek to
+  relieve upward pressure on the currency by pushing down
+  interest rates after the nation's budget is released March 17.
+      The budget itself could have an impact, depending on how
+  well it is received, but analysts say relative interest rates
+  and oil income remain the main influences on the currency.
+      However, the market may be able to absorb lower U.K.
+  interest rates, as it has done when other countries have cut
+  their discount rates, and extend the pound's rally, Sloane
+  said.
+      The Canadian dollar has not been rising like the pound, but
+  Sloane and other analysts cautiously predicted a big move soon.
+      The sideways price pattern in the June contract, with
+  smaller and smaller price ranges, has formed a "bull flag" on
+  price charts, technically-oriented analysts said.
+      "It makes for an explosive type of situation that often
+  leads to a breakout," in this case to the upside, Sloane said.
+      Byers agreed there was potential for the June Canadian
+  dollar to rally above the 77.00 cent level from the most recent
+  close at 74.80 cents to the U.S. dollar.
+      "At this stage of the game I'd call the market long-term
+  positive, but for the technical burden of proof you need a
+  close above (the previous contract high of) 75.25," Byers said.
+      As to the traditionally more active currencies, stability
+  was the catchword and reluctance the watchword among analysts.
+      Sloane said it was important that June Swiss francs and
+  June German marks held above support at 0.6400 and 0.5400,
+  respectively, closing at 0.6438 and 0.5430.
+      Yesterday's rebound showed the market was still very
+  respectful of the Paris accord, and the threat of central bank
+  intervention by the G-5 nations plus Canada.
+      "We may still probe to see what the parameters are," Byers
+  said, "but people are very reluctant because they don't know
+  where the central banks will be (to intervene)."
+      Gillard said the mark could drop to a previous price
+  consolidation area around 0.5250 based on the profoundly
+  sluggish West German economy, but that he would be a buyer at
+  that level.
+  
+
diff --git a/reuters/training/3538 b/reuters/training/3538
new file mode 100644
index 0000000000000000000000000000000000000000..d59dd612794137282cf2a4c0522c20ca83e12c90
--- /dev/null
+++ b/reuters/training/3538
@@ -0,0 +1,5 @@
+NEW WORLD PICTURES TO HAVE GAIN FROM SALE OF FIVE PCT OF TAFT BROADCASTING
+
+  NEW WORLD PICTURES TO HAVE GAIN FROM SALE OF FIVE PCT OF TAFT BROADCASTING
+  
+
diff --git a/reuters/training/3539 b/reuters/training/3539
new file mode 100644
index 0000000000000000000000000000000000000000..6c3315b16f95e025d8b27a08515e4961f02cd5a9
--- /dev/null
+++ b/reuters/training/3539
@@ -0,0 +1,26 @@
+JAMAICA AGREES DRAFT BANK DEBT RESCHEDULING
+  Jamaica agreed in principle with its
+  bank advisory committee on a rescheduling of 181 mln dlrs of
+  foreign commercial bank debt falling due between 1987 and 1989,
+  the Jamaican Information Service said.
+      Repayments on the debt will be stretched out over 12 years
+  with 8-1/2 years' grace at 1-1/4 percentage points over the
+  London Interbank Offered Rate, Libor. The margin on previously
+  restructured debt also will be cut to 1-1/4 point from 2-1/2.
+      The package should save Jamaica about 3.3 mln dlrs a year.
+      Prime Minister Edward Seaga, who led the Jamaican
+  delegation, called the terms very favourable to his country.
+      The agreement in principle with the bank advisory committee
+  led by the Bank of Nova Scotia <BNO.TO> comes five days after
+  Jamaica successfully concluded a 125.5 mln dlr rescheduling
+  accord with the Paris Club of creditor nations.
+      That pact in turn followed the International Monetary Fund
+  (IMF)'s approval on March 5 of a 85 mln special drawing rights
+  standby arrangement and a 40.9 mln sdr drawing under the
+  compensatory financing facility.
+      Of Jamaica's foreign debt of 3.3 billion dlrs only 12 pct
+  is owed to commercial banks, and Seaga yesterday reaffirmed the
+  government's policy of not seeking new bank loans.
+  REUTER...^M
+  
+
diff --git a/reuters/training/354 b/reuters/training/354
new file mode 100644
index 0000000000000000000000000000000000000000..e9343ba6a04839328042a8aeb294ad8ef45968cb
--- /dev/null
+++ b/reuters/training/354
@@ -0,0 +1,34 @@
+TAIWAN PLANS NEW TARIFF CUTS
+  Taiwan plans another round of deep tariff
+  cuts this year to help narrow its trade surplus with the U.S.,
+  A senior economic planner said.
+      Wang Chao-Ming, vice-chairman of the council for economic
+  planning and development, told Reuters Taiwan would further
+  reduce import tariffs on 1,700 products sometime in the second
+  half of this year.
+      Cuts of up to 50 pct on those items were made last year and
+  Wang said further cuts would go much deeper.
+      "We have to speed up liberalisation and cut import tariffs
+  faster and more substantially," he said.
+      The United States, Taiwan's main trading partner, has said
+  the island's import tariffs, still ranging from a high of
+  almost 60 pct, were unacceptable. It has criticised the cuts as
+  too selective.
+       Taiwan's trade surplus with the United States hit 13.6
+  billion dlrs last year. The surplus has boosted foreign
+  exchange reserves to 50 billion dlrs, which Wang said made
+  Taiwan a target for U.S. Protectionism.
+      Wang said the trade surplus and the reserves weakened
+  Taiwan's position in talks with Washington over export quotas,
+  particularly for shoes, textiles and machine tools which are
+  among the island's main export-earners.
+      A special Taiwanese trade delegation leaves for Washington
+  tomorrow to try to renegotiate an agreement signed last year
+  limiting exports of Taiwan textiles.
+      Under the accord, Taiwan's textile export growth was
+  limited to 0.5 pct each year until 1988. Taipei has said it is
+  losing markets to South Korea and Hong Kong which were given
+  more generous terms.
+   REUTER...
+  
+
diff --git a/reuters/training/3540 b/reuters/training/3540
new file mode 100644
index 0000000000000000000000000000000000000000..d7495abc9916576748d7e1312c7fa8a8153259c1
--- /dev/null
+++ b/reuters/training/3540
@@ -0,0 +1,61 @@
+VEGETABLE OILS MAY TIGHTEN DESPITE SEED SURPLUS
+  Lower production of coconut
+  and palm oils could lead to a decline in vegetable oil stocks
+  this year despite growing supplies of oilseeds, senior oilseeds
+  analyst for Merrill Lynch Capital Markets Mario Balletto said.
+      Balletto told a conference of Canadian farmers at Alberta
+  Agriculture's annual farm outlook conference that the world
+  vegetable oil situation is one of potentially tight supplies.
+      "Prices for edible oils appear to have more upside
+  potential reflecting strong world demand and an unprecedented
+  decline in the production of tree oils," Balletto said.
+      Balletto estimated production of palm, coconut and palm
+  kernel oils this year at 8.5 mln tonnes, down from 9.1 mln
+  tonnes last year, enough to offset higher oilseed output.
+      He estimated total vegetable oil production this year at
+  33.4 mln tonnes, up from 33.0 mln last year, and disappearance
+  at 34.0 mln tonnes, up from 32.6 mln.
+      Unless oilseed crushing increases sharply, he said,
+  disappearance of vegetable oils could exceed production by
+  600,000 tonnes, the largest deficit since 1976.
+      "If world protein meal demand stagnates, thus limiting the
+  crush of soybeans ... the need for serious supply rationing in
+  the edible oils sector could develop," he said.
+      "This would be relatively favorable for the prices of high
+  oil yielding seeds," Balletto said.
+      Oilseeds, on the other hand, remain at depressed prices
+  because of burdensome supplies, he said.
+      World ending stocks of oilseeds are estimated to increase
+  for the fourth straight year to a record 28.4 mln tonnes,
+  compared with 25.4 mln last year.
+      The increase should result from lower disappearance, as
+  production is expected to fall to 184.0 mln tonnes from 185.7
+  mln last year, he said.
+      World soybean production in 1987 totalled a record 98.9 mln
+  tonnes, up from 90.6 mln the previous year, Balletto said,
+  while production of other oilseeds was lower.
+      Higher soybean production in South America and Europe made
+  up for lower production in the United States, he said.
+      Soybeans account for the bulk of the surplus, and U.S.
+  stocks make up most of those, Balletto said.
+      The Commodity Credit Corporation owned 12.7 mln tonnes,
+  about half of the world soybean surplus, he said.
+      Since 1983-84, he said, world oilseed stocks have increased
+  13.1 mln tonnes.
+      "During the same period, U.S. soybean stocks increased 12.1
+  mln tonnes, becoming the dumping ground of the entire world
+  surplus, courtesy of the CCC and highlighting the artificially
+  high prices caused by the U.S. loan program."
+      "Soybean prices and, to a great extent, world oilseeds
+  prices are likely to be dominated by the loan program, as long
+  as the U.S. soybean surplus continues.
+      For the 1987 crop, he said, prices are likely to hover in a
+  range tied to the U.S. loan program.
+      "Upside potential for prices is limited by the huge supply
+  overhang while strong underlying support is provided by the
+  U.S. loan rate."
+      The problem is likely to become worse as the artificially
+  high prices encourage producers in South America, Canada and
+  Australia to shift from grains to oilseeds, Balletto said.
+  
+
diff --git a/reuters/training/3541 b/reuters/training/3541
new file mode 100644
index 0000000000000000000000000000000000000000..86c89981f1e0e9d14a82034992cc293d0a0d8571
--- /dev/null
+++ b/reuters/training/3541
@@ -0,0 +1,22 @@
+PORTUGUESE TRADE DEFICIT NARROWS IN 1986
+  Portugal's trade deficit narrowed in
+  1986 to 336.5 billion escudos from 354.8 billion in 1985,
+  according to provisional National Statistics Institute figures.
+      Imports totalled 1,412.6 billion escudos and exports
+  1,076.1 billion compared with 1,326.5 billion and 971.7 billion
+  in 1985.
+      Expressed in terms of dollars, imports rose 21.2 pct and
+  exports 26.1 pct and the trade deficit increased by 7.8 pct.
+      In its first year as a member of the European Community,
+  Portugal recorded a deficit of 98.1 billion escudos in its
+  trade with the other Community states compared with a deficit
+  of 2.4 billion escudos in 1985.
+      Imports from the EC in 1986 totalled 830.2 billion escudos,
+  while exports to the Community were 732.1 billion, compared
+  with 609.5 billion and 607.1 billion the previous year.
+      Portugal's deficit with Spain was 83.2 billion escudos
+  against 57.7 billion in 1985, with Italy it was 70.4 billion
+  against 30.3 billion, and with West Germany 40.5 billion
+  against 19.1 billion.
+  
+
diff --git a/reuters/training/3542 b/reuters/training/3542
new file mode 100644
index 0000000000000000000000000000000000000000..28771cd55b7668ce5baa42a9986310299851050e
--- /dev/null
+++ b/reuters/training/3542
@@ -0,0 +1,36 @@
+BRAZIL'S GROS TO MEET BANKS ON TRADE LINE ISSUE
+  Brazil's central bank governor
+  Francisco Gros will meet senior commercial bankers here today
+  in a new attempt to defuse the anger generated by the country's
+  unilateral suspension of interest payments on 68 billion dlrs
+  of foreign commercial bank debt, bankers said.
+      Gros will meet representatives of Citibank, the head of
+  Brazil's bank advisory committee, and of co-heads Morgan
+  Guaranty Trust Co and Lloyds Bank Plc.
+      High on the agenda will be banks' complaints about Brazil's
+  accompanying freeze on some 15 billion dlrs of short-term trade
+  and interbank lines, the bankers said.
+      Brazil's several hundred creditor banks worldwide agreed
+  last March to extend the credit lines until March 31, 1987, as
+  part of a 31 billion dlr financing package.
+      Bankers said the looming expiry of this commitment, coupled
+  with Brazil's freeze, raised a spate of technical and legal
+  questions that the banks want to discuss with Gros.
+      They said they face problems because of the freeze
+  requirement that any payment due to be made by a Brazilian bank
+  under the trade facility must be deposited instead with the
+  central bank. This means foreign bankers cannot easily switch
+  their credit lines from one borrower to another.
+      The requirement to deposit with the central bank has also
+  meant Brazilian banks have been able to negotiate lower
+  interest-rate spreads, because foreign banks would rather
+  accept a reduced margin than see their money deposited with the
+  central bank.
+      "It's caused a lot of ill-will with the banking community,"
+  one banker said.
+      Gros is also expected to brief the banks on the results of
+  a 10-day tour of Europe and Japan that he and finance minister
+  Dilson Funaro have just completed to seek official support for
+  Brazil's debt stance.
+  
+
diff --git a/reuters/training/3543 b/reuters/training/3543
new file mode 100644
index 0000000000000000000000000000000000000000..ceb8fc719a3a9404262830dcb42631fff78236ef
--- /dev/null
+++ b/reuters/training/3543
@@ -0,0 +1,19 @@
+SERVICE RESOURCES CORP <SRC> 4TH QTR NET
+  Oper shr profit five cts vs loss 1.71 dlrs
+      Oper net profit 196,000 vs loss 2,388,000
+      Sales 40.5 mln vs 43.2 mln
+      Avg shrs 2,212,000 vs 1,482,000
+      Year
+      Oper shr profit 71 cts vs loss 6.24 dlrs
+      Oper net profit 1,799,000 vs loss 8,991,000
+      Sales 154.5 mln vs 145.0 mln
+      NOTE: Net excludes losses from discontinued operations of
+  712,000 dlrs vs 2,843,000 dlrs in quarter and 1,972,000 dlrs vs
+  10.6 mln dlrs in year.
+      1986 net excludes extraordinary loss 1,167,000 dlrs in
+  quarter and gain 628,000 dlrs in year.
+      1986 year net includes gain one mln dlrs from sale of
+  building and gain 3,200,000 dlrs from termination of pension
+  plan.
+  
+
diff --git a/reuters/training/3545 b/reuters/training/3545
new file mode 100644
index 0000000000000000000000000000000000000000..d10b58d0ad0fcae6da22c7ff82abce1fb62df633
--- /dev/null
+++ b/reuters/training/3545
@@ -0,0 +1,17 @@
+TELEPHONE AND DATA SYSTEMS INC <TDS> 4TH QTR NET
+  Oper shr 22 cts vs 22 cts
+      Oper net 2,058,000 vs 2,129,000
+      Revs 44.5 mln vs 35.7 mln
+      Avg shrs 9,589,000 vs 9,348,000
+      Year
+      Oper shr 94 cts vs 94 cts
+      Oper net 8,889,000 vs 8,570,000
+      Revs 155.0 mln vs 123.4 mln
+      Avg shrs 9,450,000 vs 9,174,000
+      NOTE: Net excludes discontinued operations gain 1,637,000
+  dlrs vs loss 720,000 dlrs in quarter and gain 4,679,000 dlrs vs
+  loss 720,000 dlrs in year.
+      1986 net both periods includes charge 865,000 dlrs from
+  repal of investment tax credits.
+  
+
diff --git a/reuters/training/3547 b/reuters/training/3547
new file mode 100644
index 0000000000000000000000000000000000000000..7e536498227cc5468c69457527a01a0dd119181c
--- /dev/null
+++ b/reuters/training/3547
@@ -0,0 +1,18 @@
+NEW WORLD PICTURES <NWP> SELLS TAFT <TFB> STAKE
+  New World Pictures Ltd said it sold
+  456,900 shares or about five pct of Taft Broadcasting Co common
+  stock for a gain of 17.8 mln dlrs.
+      The company said in a brief statement that it acquired the
+  stock in late 1986.  It gave no further details and company
+  officials were not immediately available for comment.
+      On Friday, Taft vice chairman Dudley S. Taft and
+  Narragansett Capital Inc <NARR> offered to acquire Taft for 145
+  dlrs per share.  Dudley Taft and his family have owned 12 pct
+  of the company.
+      An investment group leds by Robert M. Bass, one of the Bass
+  brothers of Fort Worth, Texas, has been reported as owning
+  about 25 pct of Taft stock, and <American Financial Corp>
+  chairman Carl Lindner has been reported to own about 16 pct. 
+  Both Bass and Linder have acquired Taft shares in recent months.
+  
+
diff --git a/reuters/training/3553 b/reuters/training/3553
new file mode 100644
index 0000000000000000000000000000000000000000..c7c31d5324075b81f68069c0e42fcc38076bb0b9
--- /dev/null
+++ b/reuters/training/3553
@@ -0,0 +1,22 @@
+SOVIET ECONOMIST SEES FEW GAINS IN U.S. TRADE
+  There is little chance Soviet exports
+  to the United States will rise in 1987, but Moscow's current
+  trade reforms should result in more trade in manufactured goods
+  in future, a Soviet economist said.
+      Sergey Frolov, chief economist at Amtorg Trading Corp, an
+  agent for Soviet trade organisations and industries, told a
+  U.S.-USSR business meeting the Soviet Union produces few items
+  that western nations want.
+      But reforms, including upgrading the quality of goods and
+  allowing joint ventures with foreign firms, will encourage
+  modest export gains in future.
+      Frolov said the Soviet Union exported 500 mln dlrs worth of
+  goods to the United States in 1986 and imported 1.5 billion
+  dlrs worth. He gave no trade forecast for 1987.
+      But he said that even if all obstacles were removed, total
+  trade between the two countries would remain between two and
+  three billion dlrs a year.
+      "The post-detente embargoes have taught the USSR to limit
+  its trading with the U.S.," he said.
+  
+
diff --git a/reuters/training/3554 b/reuters/training/3554
new file mode 100644
index 0000000000000000000000000000000000000000..8df0273f2d9a3b281c91c216e0675580e627549e
--- /dev/null
+++ b/reuters/training/3554
@@ -0,0 +1,19 @@
+SWISS SIGHT DEPOSITS FALL 2.88 BILLION FRANCS
+  Sight deposits of commercial banks at
+  the Swiss National Bank fell 2.88 billion Swiss francs in the
+  first 10 days of March to 7.65 billion, the National Bank said.
+      Foreign exchange reserves rose 3.30 billion francs to 33.94
+  billion.
+      Sight deposits are a major indicator of money market
+  liquidity in Switzerland.
+      The National Bank said banks paid back 5.5 billion francs
+  of central bank credit taken out at the end of February for the
+  end-month liquidity requirement.
+      This drain was offset in part by new currency swaps, which
+  had the effect of increasing the National Bank's foreign
+  exchange holdings.
+      Bank notes in circulation fell 309.1 mln francs to 24.49
+  billion, and other deposits on call -- basically government
+  funds -- rose 1.06 billion to 2.10 billion.
+  
+
diff --git a/reuters/training/3556 b/reuters/training/3556
new file mode 100644
index 0000000000000000000000000000000000000000..c1981c894fa822ebe385b8cbe149c78313499f56
--- /dev/null
+++ b/reuters/training/3556
@@ -0,0 +1,31 @@
+ECUADOR CRUDE OIL EXPORTS STOPPED FOR FIVE MONTHS
+  Ecuador needs 120 mln dlrs to repair the
+  damage to its oil export pipeline caused by last week"s
+  earthquake, which will stop crude exports for five months,
+  energy and mines minister Javier Espinosa Teran said.
+      Espinosa said yesterday the pipeline, which carries crude
+  from jungle fields to the Pacific Ocean coast of Balao, would
+  be repaired with the help of Texaco Inc <TX.N> and a Mexican
+  and an Argentine firm.
+      President Leon Febres Cordero said two days ago that
+  Ecuador, an OPEC member, would have to suspend crude exports
+  for four months due to the quake.
+      Oil traditionally accounts for up to two-thirds of
+  Ecuador's total exports and as much as 60 pct of government
+  revenues.
+      Deputy energy minister Fernando Santos Alvite said Ecuador
+  would have to import six to seven mln barrels of crude oil to
+  meet its needs until the line was repaired.
+      The Ecuadorean minister at the Presidency, Patricio
+  Quevedo, told reporters that Venezuela will lend Ecuador five
+  mln barrels of crude, which would repaid in kind after a
+  180-day period.
+      He added the Caracas-based Andean Development Corp had
+  granted a loan of 11.7 mln dlrs towards repairing the pipeline,
+  50 km of which had been damaged in the quake.
+      In Quito, Foreign Minister Rafael Garcia Velasco yesterday
+  summoned ambassadors from about 40 countries to whom he issued
+  appeal for emergency aid for the country. Only three countries,
+  the U.S., Colombia and Venezuela, had offered assistance.
+  
+
diff --git a/reuters/training/3557 b/reuters/training/3557
new file mode 100644
index 0000000000000000000000000000000000000000..cc476b9d457a0ab47f03c8c9cb61b246bbc6ba55
--- /dev/null
+++ b/reuters/training/3557
@@ -0,0 +1,15 @@
+SOUTHLIFE HOLDING CO <SLHC> 4TH QTR NET
+  Oper shr seven cts vs 20 cts
+      Oper net 347,855 vs 787,117
+      Revs 6,748,868 vs 6,849,499
+      Avg shrs 5,391,666 vs 4,277,157
+      Year
+      Oper shr 56 cts vs 46 cts
+      Oper net 2,617,528 vs 2,003,661
+      Revs 27.1 mln vs 27.3 mln
+      Avg shrs 4,763,793 vs 3,377,157
+      NOTE: Net excludes realized gains on investments of 925,576
+  dlrs vs 577,389 dlrs in quarter and 1,776,341 dlrs vs 797,932
+  dlrs in year.
+  
+
diff --git a/reuters/training/3559 b/reuters/training/3559
new file mode 100644
index 0000000000000000000000000000000000000000..ddf2c5927634e978481f88a6695af5073c22a6c5
--- /dev/null
+++ b/reuters/training/3559
@@ -0,0 +1,15 @@
+ALGERIA REGULATES USE OF COFFEE ADDITIVES
+  The Algerian authorities have regulated
+  the addition of chickpeas and barley used to make imported
+  coffee go further, the official APS news agency reported.
+      Taking advantage of scarcity, private roasters were selling
+  ground coffee mixtures which were 75 pct non-coffee, it said.
+  Since the beginning of March, the coffee market has been
+  strictly regulated by the state food marketing monopoly Enapal.
+      Now a third of imported coffee will be sold as pure beans
+  and two thirds as a ground mixture with a choice of 30 pct
+  chickpeas or 30 pct barley. In March private dealers will
+  handle 2,050 tonnes of pure coffee and Enapal 6,050 tonnes of
+  mixtures.
+  
+
diff --git a/reuters/training/356 b/reuters/training/356
new file mode 100644
index 0000000000000000000000000000000000000000..d55c2de3a8a52a148d9f175746bf060ea036f20f
--- /dev/null
+++ b/reuters/training/356
@@ -0,0 +1,54 @@
+HUTCHISON SEES HIGHER PAYOUT, SATISFACTORY PROFITS
+  Hutchison Whampoa Ltd <HWHH.HK>
+  expects satisfactory profits in 1987 and will pay a higher
+  dividend for the year, chairman Li Ka-shing said.
+      He did not make any specific projections for the company's
+  earnings this year but he said the firm will pay a dividend of
+  not less than 32.5 cents per share after a proposed
+  four-for-one stock split and a one-for-four bonus issue.
+      It paid total dividends of 1.30 dlrs per share last year,
+  equal to 26 cents per share, adjusting for the bonus and share
+  split.
+      Hutchison, which has operations ranging from trading to
+  property and container terminals, earlier reported after-tax
+  profits of 1.62 billion dlrs against 1.19 billion dlrs in 1985.
+      The 1986 total excluded extraordinary gains of 563 mln
+  dlrs, partly from the sale of some of its stake in the South
+  China Morning Post, the leading English language newspaper,
+  compared with 369 mln dlrs the previous year. It said it
+  expects another 277 mln dlr gain in 1987 from the sale of the
+  remaining shares.
+      Li said Hong Kong's property market remains strong while
+  its economy is performing better than forecast with its largely
+  export-led growth.
+      Gross domestic product grew by nearly nine pct last year
+  against an initial government projection of 4.5 pct.
+      But he said Hong Kong's large trade deficit with the U.S.
+  May result in protectionist measures that will adversely affect
+  the British colony.
+      He said all of the company's major operations showed
+  improved results in 1986.
+      Hutchison said earlier it will sell its entire 23.5 pct
+  interest in Hongkong Electric Holdings Ltd <HKEH.HK> to
+  <Cavendish International Holdings Ltd>, itself a spin-off from
+  Hongkong Electric.
+      Under a reorganisation announced separately, Hongkong
+  Electric will spin off all its non-electricity related
+  activities into Cavendish, which will be listed on the local
+  stock exchange. Hongkong Electric shareholders will receive one
+  share in Cavendish for every Hongkong Electric share.
+      Cavendish will buy the 348.2 mln Hongkong Electric shares
+  from Hutchison by issuing 975 mln new shares.
+      The spin-off and the sale of Hongkong Electric shares will
+  give Hutchison a 53 pct stake in Cavendish.
+      Li said the decision to spin-off Cavendish is to relieve
+  Hongkong Electric of public criticism of the power company for
+  making risky investments. But he denied there was pressure from
+  the government for the spin-off.
+      He said Cavendish will have seven billion dlrs of assets
+  and will be almost debt free, with 340 mln dlrs of liabilites.
+  Its major assets are the Hong Kong Hilton Hotel, property
+  development, and interests in Husky Oil Ltd <HYO.TO> of Canada
+  and Pearson Plc <PSON.L> of Britain.
+  
+
diff --git a/reuters/training/3563 b/reuters/training/3563
new file mode 100644
index 0000000000000000000000000000000000000000..0557ee715e08ce4e741520b42dd54e57b3dd3e48
--- /dev/null
+++ b/reuters/training/3563
@@ -0,0 +1,64 @@
+TALKING POINT/OIL SERVICES TURNAROUND SEEN
+  The oil services industry is on the
+  verge of a recovery because of rising crude prices, oil
+  industry analysts said.
+      The analysts, who issued buy recommendations on some
+  stocks, said the recovery in oil services should begin in the
+  second half of 1987, after drilling activity bottoms out in the
+  first half, and continue into the next decade.
+       "People, however, cannot afford to wait for drilling to go
+  up to start buying," said Sandi Haber Sweeney, senior research
+  analyst at Sanford C. Bernstein and Co Inc.
+      Among the recommended buys are Schlumberger Ltd <SLB>,
+  Halliburton Co <HAL>, Dresser Industries <DI>, Baker
+  International <BKO>, and McDermott International Inc <MDR>,
+  which may be the target of a takeover by Harold Simmons, a
+  Dallas-based investor.
+      Analysts said although major oil companies are increasing
+  exploration and development overseas, they expect the pickup in
+  oil services will begin in the U.S.
+      "Activity in the U.S. is so depressed it should move up
+  faster," said Vishnu Sharp of Goldman Sachs.
+      The number of active oil drilling rigs in the U.S. was 766
+  last week compared with 1,212 rigs one year ago, Huges Tool Co
+  <HT> figures show.
+      The average number of working rigs in the U.S. for 1987 is
+  projected at 978 versus 964 in 1986, according to Ike Kerridge,
+  vice president of stockholder relations at Hughes Tool. "The
+  first significant pickup in drilling activity will occur in the
+  second half of 1988," Kerridge said.
+      Overseas drilling activity is expected to follow a similar
+  pattern, Kerridge said.
+      "Halliburton is the best value," said Jeffrey Freedman,
+  vice president at Smith Barney, Harris and Upham Inc, adding
+  the company controls the greatest amount of liquidity of common
+  stock market value, is diversifed in non-oil field businesess,
+  and has the lowest multiple of stock price to operating cash
+  flow including debt.
+      Schlumberger is Freedman's second favorite oil service
+  stock.
+      "Schlumberger is expected to continue to be the dominant
+  technical leader in the industry," Freedman said.
+      "Schlumberger's management shift, asset restructuring,
+  including a pending merger of Fairchild Semiconductor, and its
+  considerable cash horde sets the stage for the company to
+  maximize its significant industry advantage and capitalize on
+  the project upturn in exploration and development activity,"
+  according to a report by George Gaspar, first vice president at
+  Robert W. Baird and Co Inc.
+      Gaspar estimates earnings per share for Schlumberger at 25
+  cts for 1987 and one to 1.75 dlrs in 1988 compared with 20 cts
+  in 1986 excluding a fourth quarter special charge of 1.87
+  billion dlrs.
+      Bernstein's Sandi Sweeney is recommending a group of oil
+  service companies and said choosing among them is difficult.
+  Her favorite is Baker International, which is involved in a
+  possible merger with Hughes Tool Co.
+      Dresser Industries will also benefit from the recovery but
+  possibly not as much as other companies because it is not a
+  pure service company, Sweeney said.
+      Dresser is expected to improve profitability owing to cost
+  reductions and streamlined operations, including the sale and
+  leaseback of its headquarters, said Swarup.
+  
+
diff --git a/reuters/training/3564 b/reuters/training/3564
new file mode 100644
index 0000000000000000000000000000000000000000..8bde04fa2f47cc4b884b065339b9df1499b907ab
--- /dev/null
+++ b/reuters/training/3564
@@ -0,0 +1,48 @@
+CREDITANSTALT SEES HIGHER 1987 DIVIDEND
+  Creditanstalt-Bankverein <CABV.VI> is
+  likely to raise its 1987 dividend from the 1986 payment of 12
+  pct of share capital, deputy general-director Guido
+  Schmidt-Chiari said.
+      The 1985 dividend was 10 pct, unchanged from the previous
+  year and Schmidt-Chiari noted that the parent bank's share
+  capital had risen to 3.1 billion schillings at the end of 1986
+  from 2.7 billion a year earlier.
+      Schmidt-Chiari made the forecast at a news conference when
+  the bank announced a 1986 consolidated banking group net profit
+  of 496.7 mln schillings for 1986, against 354.5 mln in 1985.
+      Schmidt-Chiari did not elaborate on his dividend forecast.
+      The banking group's consolidated balance sheet total rose
+  to 453.4 billion schillings at year-end from 425.4 billion.
+      General director Hannes Androsch said higher investment
+  would lead to continuing growth in profits in future. Last
+  year's better profits had resulted from improvements in
+  services provided by the bank and also in profits on schilling
+  lending.
+      Schilling lending had grown last year and interest rate
+  margins had also improved but remained unsatisfactory when
+  compared with those in other countries, he said.
+      Increased provisions for possible bad debts at home and
+  abroad, particularly in Latin America, had lowered profits,
+  Androsch said, but declined to give an exact figure.
+      Schmidt-Chiari said that foreign lending business had
+  fallen significantly due to exchange rate fluctuations,
+  removing some 22 billion schillings from the balance sheet
+  total.
+      In an attempt to generate more foreign business,
+  representative offices would be opened this year in Tokyo, Hong
+  Kong, Moscow and Prague. Androsch welcomed government plans to
+  abolish legal controls on foreigners buying voting shares and
+  drawing dividends.
+      Preference shares of state-controlled Creditanstalt rose
+  eight schillings on the Vienna Bourse today to 2,008. Brokers
+  said improved results had been widely expected by investors.
+      Androsch said industrial holdings had performed better in
+  1986 than in previous years, giving a return on investment of
+  2.6 pct compared with 1.3 pct in 1985. Creditanstalt, Austria's
+  largest bank, holds majority interests in 10 medium-sized and
+  large Austrian companies.
+      But he forecast its biggest industrial subsidiary, Steyr
+  -Daimler-Puch AG <SDPV.VI> would return a 1987 result similar
+  to the expected 1986 operating loss of 700 mln schillings.
+  
+
diff --git a/reuters/training/3565 b/reuters/training/3565
new file mode 100644
index 0000000000000000000000000000000000000000..75aa10e3e0c05a2f17376b8a869a797982626a11
--- /dev/null
+++ b/reuters/training/3565
@@ -0,0 +1,11 @@
+CPC <CPC> TO SELL UNIT TO HI-PORT <HIPT>
+  CPC International Inc
+  said it has agreed in principle to sell its Peterson/Puritain
+  Inc subsidiary to Hi-Port Industries Inc.
+      CPC said the sale is not expected to have a significant
+  impact on its earnings and is subject to approval by boards of
+  both companies.  Terms were not disclosed.
+      Peterson/Purittan is a contract packager of personal care
+  and household products.
+  
+
diff --git a/reuters/training/3569 b/reuters/training/3569
new file mode 100644
index 0000000000000000000000000000000000000000..8a80e4a5468973c0e1209f3c42c6f8c66ef5999f
--- /dev/null
+++ b/reuters/training/3569
@@ -0,0 +1,16 @@
+PULITZER PUBLISHING CO <PLTZC> 4TH QTR NET
+  Shr 47 cts vs 40 cts
+      Net 4,258,000 vs 5,942,000
+      Revs 92.6 mln vs 77.1 mln
+      Avg shrs 8,977,000 vs 15.0 mln
+      Year
+      Shr 1.22 dlrs vs 1.34 dlrs
+      Net 16.4 mln vs 20.0 mln
+      Revs 329.1 mln vs 272.1 mln
+      Avg shrs 13.5 mln vs 15.0 mln
+      NOTE: Interest expense 4,384,000 dlrs vs 545,000 dlrs in
+  quarter and 6,979,000 dlrs vs 2,425,000 dlrs in year.
+      1986 year net reflects undisclosed amount of expenses for
+  defense of takeover effort.
+  
+
diff --git a/reuters/training/3570 b/reuters/training/3570
new file mode 100644
index 0000000000000000000000000000000000000000..31af82f46a3a7122ed207c2c68c44e6bf6d964e9
--- /dev/null
+++ b/reuters/training/3570
@@ -0,0 +1,5 @@
+HUGHES TOOL SAYS IT APPROVES REVISED TERMS FOR MERGER WITH BAKER INTERNATIONAL
+
+  HUGHES TOOL SAYS IT APPROVES REVISED TERMS FOR MERGER WITH BAKER INTERNATIONAL
+  
+
diff --git a/reuters/training/3571 b/reuters/training/3571
new file mode 100644
index 0000000000000000000000000000000000000000..8be88ced0009544e8cb58aaf3c0ce0aa9682984c
--- /dev/null
+++ b/reuters/training/3571
@@ -0,0 +1,68 @@
+OPEC REAFFIRMS COMMITMENT TO FIXED PRICES, CEILING
+  OPEC has reaffirmed its commitment to
+  fixed crude oil prices of around 18 dlrs a barrel and an
+  overall output ceiling of 15.8 mln barrels per day (bpd) to
+  defend prices, its president Rilwanu Lukman said.
+      He told a news conference here "After due consultation with
+  my colleagues in OPEC, I hereby wish to emphasize that Nigeria
+  and all member countries of OPEC remain determined to uphold
+  the December agreement by adhering strictly to their various
+  quotas and official selling prices."
+      Lukman added no extraordinary OPEC conference was planned.
+      "We are in a position to re-confirm that, despite misleading
+  news in foreign media to the contrary, ... OPEC member
+  countries as a whole produced below their agreed quota in the
+  month of February," Lukman, who is Nigerian oil minister, said.
+      Lukman put the overall OPEC output shortfall in February at
+  900,000 bpd and said this was as a result of their firm
+  determination to defend official selling prices of 18 dlrs
+  agreed upon last December in Geneva.
+      The December agreement set an overall output ceiling for
+  OPEC of 15.8 mln bpd for first half 1987 and restored fixed
+  prices as from February 1 around a reference point of 18 dlrs.
+      Oil prices rallied immediately after the Geneva accord but
+  fell again last month on reports that OPEC was producing more
+  than the agreed level.
+      "The idea was to suggest that OPEC's agreement would not
+  hold and this caused some customers to hold back purchases of
+  OPEC oil and resort to destocking to meet their needs," Lukman
+  said.
+      He said the 900,000 bpd shortfall last February was based
+  on the verified figure for 10 out of OPEC's 13 members, adding
+  that Nigeria alone had a shortfall in production of 100,000
+  bpd.
+      Iraq disassociated itself from the December agreement,
+  while the production figures of Ecuador and the United Arab
+  Emirates needed to be verified, Lukman said.
+      "If that is the price we have to pay to make the agreement
+  succeed, we are ready ... OPEC is not changing its price level
+  of 18 dlrs," the group's president said.
+      He said the OPEC price differentials committee meeting
+  formerly postponed to April had been put off indefinitely.
+      "Furthermore, no extraordinary meeting of the conference is
+  at the moment contemplated since most agreements reached in
+  December are being adhered to," he said.
+      Asked if the committee did not need to meet soon to narrow
+  the gaps in the prices of the various OPEC crudes -- fixed in
+  relation to the 18 dlr benchmark -- Lukman replied "We consider
+  the defence of our prices much more crucial than differentials."
+      Lukman said OPEC was aware that consumers had heavily drawn
+  on stocks of both crude oil and refined products to levels well
+  below this time last year and soon they would return to the
+  market in search of crude.
+      "We don't see that there is going to be any difficulty in
+  maintaining the 18 dlr price throughout the rest of the year,"
+  Lukman said.
+      The OPEC president praised non-OPEC oil producers, which he
+  said had contributed to the group's efforts to stabilise
+  prices, but he criticised Britain for maintaining its long-held
+  view not to do anything to help the market.
+      "We are quite confident, however, that in the long-term with
+  two-thirds of the world's reserves in OPEC hands, the future is
+  ours. We will use that advantage responsibly," he said.
+      Lukman described the disruption in Ecuador's output
+  following an earthquake as tragic, but refused to say if the
+  South American country would be allowed a higher output quota
+  when it recovered from the disaster.
+  
+
diff --git a/reuters/training/3572 b/reuters/training/3572
new file mode 100644
index 0000000000000000000000000000000000000000..576ea1f4c2f900b17d261fd8f4a36b4993145c71
--- /dev/null
+++ b/reuters/training/3572
@@ -0,0 +1,14 @@
+DUTCH PORT UNION TO MEET PARLIAMENTARIANS TODAY
+  Dutch port and transport union, FNV,
+  is presenting its case against 800 planned redundancies in
+  Rotterdam's general cargo sector to parliament's standing
+  committee on social affairs today, a union spokesman said.
+      With 285 of the 4,000-strong workforce on strike, the union
+  will tell the committee the government has a duty to help solve
+  the dispute that has been disrupting the general cargo sector
+  for more than seven weeks, the spokesman added.
+      The union will also take its case against the redundancies,
+  350 of them planned for this year, to a court in Amsterdam
+  tomorrow, he added.
+  
+
diff --git a/reuters/training/3573 b/reuters/training/3573
new file mode 100644
index 0000000000000000000000000000000000000000..a2f64fc99f172a19a75f275e8d0392329094c2de
--- /dev/null
+++ b/reuters/training/3573
@@ -0,0 +1,13 @@
+QINTEX AGAIN EXTENDS PRINCEVILLE <PVDC> OFFER
+  <Qintex America Ltd> said it is again
+  extending its offer of 13 dlrs a share for 3.3 mln Princeville
+  Development Corp shares until today from yesterday.
+      At midnight yesterday, 7,242,117 Princeville shares had
+  been tendered, up from 5,887,165 shares 24 hours earlier.
+      Qintex said it is extending the offer to allow Princeville
+  to comply with federal law restricting the ownership of U.S.
+  airlines by non-U.S. citizens and to finalize the terms and
+  conditions of the letter of credit or bank guarantee required
+  under the previously announced acquisition agreement.
+  
+
diff --git a/reuters/training/3574 b/reuters/training/3574
new file mode 100644
index 0000000000000000000000000000000000000000..9b5f4574198fc77a5d53051948780bb16f28651c
--- /dev/null
+++ b/reuters/training/3574
@@ -0,0 +1,32 @@
+ST. JOE GOLD <SJG> TO DEVELOP MINE
+  St. Joe Gold Corp said it plans to
+  proceed with development of its Golden Patricia gold property
+  in northwestern Ontario.
+      It said about five mln dlrs will be spent to continue
+  underground development and obtain operating permits and
+  another 10.2 mln dlrs is expected to be required to complete
+  underground development, construct a mill and provide the
+  infrastructure needed to put the mine into commercial
+  production.
+      St. Joe Gold said if the necessary operating permits were
+  granted in time, it would start gold production in the second
+  half of the year ending October 31, 1988 at an annual rate of
+  about 40,000 troy ounces.
+      The company said the property is estimated to contain over
+  500,000 troy ounces of gold, and the initial mining project
+  covers only seven of 192 claims, with drill-indicated reserves
+  of 293,000 short tons grading 0.88 troy ounce of gold per ton.
+      It said initial mine output is expected to be about 150
+  tons of ore daily.
+      St. Joe Gold said the Golden Patricia vein has not been
+  tested at depth or along strike to the east and west and
+  exploration is continuing on the Golden Patricia property and
+  the adjacent wholly-owned Muskeg Lake property.
+      The company also said its Richmond Hill gold and silver
+  deposit in the Carbonate district of western South Dakota has
+  been shown by drilling to contain about 3,900,000 tons grading
+  0.055 troy ounce of gold and 0.23 troy ounce of silver per ton.
+   It said preliminary results are encouraging and a feasibility
+  study is nearing completion.
+  
+
diff --git a/reuters/training/3575 b/reuters/training/3575
new file mode 100644
index 0000000000000000000000000000000000000000..d0947ea007300d2b4f3b16c3f5e623eff4366e61
--- /dev/null
+++ b/reuters/training/3575
@@ -0,0 +1,9 @@
+NOVELL <NOVL> SETS TWO FOR ONE STOCK SPLIT
+  Novell Inc said its board
+  declared a two-for-one stock split, payable to holders of
+  record at the close of business on MArch 31.
+      It said shareholders at the annual meeting approved a
+  doubling of authorized common shares to 30 mln from 15 mln and
+  a limitation of directors' liability.
+  
+
diff --git a/reuters/training/3577 b/reuters/training/3577
new file mode 100644
index 0000000000000000000000000000000000000000..d27d553147ac09a0f85cd3b9b47e96b816a91419
--- /dev/null
+++ b/reuters/training/3577
@@ -0,0 +1,11 @@
+AGENCY TO REVIEW JOHNSON/JOHNSON <JNJ> SWEETNER
+  Johnson and Johnson said the U.S.
+  Food and Drug Administration has notified the company its food
+  additive petition for a high-intensity sweetener has been
+  formally accepted and now will be reviewed by the agency.
+      The company said the product, with the generic name of
+  sucralose, is made from sugar and tastes like sugar, but is
+  about 600 times sweeter.
+      It yields no calories and does not promote tooth decay.
+  
+
diff --git a/reuters/training/3578 b/reuters/training/3578
new file mode 100644
index 0000000000000000000000000000000000000000..05013e849a22f167897fe47442a3d50c22ea080a
--- /dev/null
+++ b/reuters/training/3578
@@ -0,0 +1,9 @@
+HEART FEDERAL <HFED> SETS TWO FOR ONE SPLIT
+  Heart Federal Savings and Loan
+  Association said its board declared a two-for-one stock split,
+  payable April 30 to holders of record April 15.
+      The company said the split is subject to shareholder
+  approval at the April 15 annual meeting of an increase in
+  authorized common shares to 10 mln from five mln.
+  
+
diff --git a/reuters/training/3579 b/reuters/training/3579
new file mode 100644
index 0000000000000000000000000000000000000000..7394c73d53748c7683dff2160e3c57100660b850
--- /dev/null
+++ b/reuters/training/3579
@@ -0,0 +1,8 @@
+NOVO INDUSTRI A/S (NVO.CO) YEAR 1986
+  Pre-tax income 788 mln Danish crowns vs 872 mln
+      Sales 4.21 billion crowns vs 4.11 billion
+      Income after tax 521 mln crowns vs 604 mln
+      Earnings per 20-crown share 20.45 crowns vs 23.79
+      Dividend 20 pct (unchanged).
+  
+
diff --git a/reuters/training/3580 b/reuters/training/3580
new file mode 100644
index 0000000000000000000000000000000000000000..a65959c911838c8d330343edb3876b753721bea7
--- /dev/null
+++ b/reuters/training/3580
@@ -0,0 +1,6 @@
+OVERMYER CORP <OMCO> REGULAR DIVIDEND
+  Qtly div 10 cts vs 10 cts in prior qtr
+      Payable March 31
+      Record March 23
+  
+
diff --git a/reuters/training/3582 b/reuters/training/3582
new file mode 100644
index 0000000000000000000000000000000000000000..850f6db64dff9d37b9c1cf6e65f32318844d9dfd
--- /dev/null
+++ b/reuters/training/3582
@@ -0,0 +1,14 @@
+UNIFORCE TEMPORARY PERSONNEL INC <UNFR> 4TH QTR
+  Shr 18 cts vs 14 cts
+      Net 556,036 vs 403,945
+      Sales 15.6 mln vs 13.6 mln
+      Avg shrs 3,132,555 vs 2,934,285
+      Year
+      Shr 60 cts vs 48 cts
+      Net 1,805,229 vs 1,400,247
+      Sales 60.1 mln vs 52.3 mln
+      Avg shrs 3,012,917 vs 2,940,219
+      NOTE: 1985 share data adjusted to reflect three for two
+  stock split effective June 30, 1986
+  
+
diff --git a/reuters/training/3584 b/reuters/training/3584
new file mode 100644
index 0000000000000000000000000000000000000000..5a44af616efdbf1e7b36c689046315bf76b4266f
--- /dev/null
+++ b/reuters/training/3584
@@ -0,0 +1,11 @@
+U.K. MONEY MARKET GIVEN 106 MLN STG ASSISTANCE
+  The Bank of England said it gave the
+  money market assistance worth 106 mln stg this afternoon,
+  buying bank bills at the rates established on Monday.
+      The Bank bought 11 mln stg of band one bills at 10-3/8 pct
+  and 95 mln stg of band two paper at 10-5/16 pct. This is the
+  first time that it has intervened today.
+      The Bank has revised its estimate of the liquidity shortage
+  in the market down to 250 mln stg from 300 mln initially.
+  
+
diff --git a/reuters/training/3585 b/reuters/training/3585
new file mode 100644
index 0000000000000000000000000000000000000000..3eb42c99f25f6827bc2b2c5e667a51d53aefbe73
--- /dev/null
+++ b/reuters/training/3585
@@ -0,0 +1,11 @@
+PIC'N'SAVE CORP <PICN> 4TH QTR NET
+  Shr 45 cts vs 50 cts
+      Net 18.0 mln vs 19.9 mln
+      Sales 116.1 mln vs 108.8 mln
+      Year
+      Shr 1.01 dlrs vs 1.04 dlrs
+      Net 39.8 mln vs 41.1 mln
+      Sales 304.5 mln vs 278.1 mln
+      NOTE: Share adjusted for three-for-two split in June 1986.
+  
+
diff --git a/reuters/training/3586 b/reuters/training/3586
new file mode 100644
index 0000000000000000000000000000000000000000..972393551354b214e7fc871bb065f731b8ffc59c
--- /dev/null
+++ b/reuters/training/3586
@@ -0,0 +1,5 @@
+GOODYEAR TIRE TO RECEIVE 588 MLN DLRS FOR GOODYEAR AEROSPACE FROM LORAL CORP
+
+  GOODYEAR TIRE TO RECEIVE 588 MLN DLRS FOR GOODYEAR AEROSPACE FROM LORAL CORP
+  
+
diff --git a/reuters/training/3587 b/reuters/training/3587
new file mode 100644
index 0000000000000000000000000000000000000000..ed9651e0addc12578ebb2b3e84a2b82cf47bdde9
--- /dev/null
+++ b/reuters/training/3587
@@ -0,0 +1,32 @@
+HUGHES TOOL <HT> BOARD APPROVES MERGER
+  Hughes Tool Co said its board voted at
+  a special meeting last night to approve a new agreement with
+  regulators that would allow the company to complete its
+  proposed merger with Baker International Corp <BKO>.
+      The agreement, approved by the U.S. Department of Justice
+  yesterday, will give the merged company, Baker Hughes, six
+  months instead of three to sell certain assets.
+      The pact also allows a three-month extension, if warranted,
+  and limits the obligation of the new company to give financial
+  support to the businesses to be divested, pending their sale.
+      The company said its board recommended that shareholders
+  approve the merger of the oilfield service companies. A
+  previously adjourned meeting of Hughes Tool stockholders will
+  be resumed this afternoon, it said.
+      "Hughes will work with Baker and the Justice Department
+  towards negotiating the final form of the consent decree and
+  filing it as soon as possible," the company said in a
+  statement. Closing of the merger would occur immediately after
+  the filing, it said.
+      The assets to be sold under the consent decree consist of
+  Baker's domestic oilfield drilling bit business and its
+  domestic submersible electric pump business. Baker has an
+  agreement to sell the pump business to Trico Industries Inc
+  <TRO>.
+      The financial terms of the merger are unchanged, a Hughes
+  spokesman said. Under those terms, each Baker common share and
+  Hughes common share would be converted into one share and 8/10
+  of a share, respectively, of Baker Hughes Inc, which would be
+  formed as a new holding company.
+  
+
diff --git a/reuters/training/3589 b/reuters/training/3589
new file mode 100644
index 0000000000000000000000000000000000000000..80a9205e42b68774000c88e4a2c946a502dba543
--- /dev/null
+++ b/reuters/training/3589
@@ -0,0 +1,31 @@
+AGENCY TO REVIEW JOHNSON AND JOHNSON SWEETENER
+  Johnson and Johnson said the U.S.
+  Food and Drug Administration has notified the company its food
+  additive petition for a high-intensity sweetener has been
+  formally accepted and now will be reviewed by the agency.
+      The company said the product, with the generic name of
+  sucralose, is made from sugar and tastes like sugar, but is
+  about 600 times sweeter.
+      It yields no calories and does not promote tooth decay.
+      Johnson and Johnson said the sweetner is being jointly
+  developed with Tate and Lyle PLC <TATL>.
+      Tate and Lyle is seeking approval in Canada, the United
+  Kingdom and other European countries, Johnson and Johnson said.
+  The company noted its petition covering the product and its
+  safety evaluation were submitted to the FDA last month.
+      While awaiting FDA approval, the company said, it is
+  proceeding with plans for commercialization through its McNeil
+  Specialty Products Co subsidiary.
+      Johnson and Johnson said it is operating under a licensing
+  agreement with Tate and Lyle, whose collaborative research with
+  scientists at Queen Elizabeth College in London led to the
+  discovery of Sucralose in 1976.
+      Patents and licensing agreements control the use of
+  sucralose through the year 2001, Johnson and Johnson said.
+      Sucralose is a chlorinated derivative of ordinary sugar.
+  The carbon-chloride bonds in sucralose are stable and are not
+  broken during digestion or metabolism.
+      Sucralose is essentially not metabollized by the body. The
+  chlorine content enhances sweetness without providing calories.
+  
+
diff --git a/reuters/training/3591 b/reuters/training/3591
new file mode 100644
index 0000000000000000000000000000000000000000..490532de15365820cd1dd51bac7c49f843d87408
--- /dev/null
+++ b/reuters/training/3591
@@ -0,0 +1,5 @@
+HANSON TRUST PLC UNIT TO SELL KAISER CEMENT TERMINAL AND PLANT FOR 50 MLN DLRS
+
+  HANSON TRUST PLC UNIT TO SELL KAISER CEMENT TERMINAL AND PLANT FOR 50 MLN DLRS
+  
+
diff --git a/reuters/training/3592 b/reuters/training/3592
new file mode 100644
index 0000000000000000000000000000000000000000..2cdbdbf6a6a67a27abe3407ea69fe22692747e91
--- /dev/null
+++ b/reuters/training/3592
@@ -0,0 +1,23 @@
+TRITON ENERGY <OIL> AFFILIATE IN CANADIAN FIND
+  Triton Energy Corp said its 70 pct owned
+  <Canadian Worldwide Energy Ltd> affiliate's Lasmo et al
+  Tableland 4-36-2-10W2 well in Saskatchewan flowed 567 barrels
+  of 37 degree gravity oil through a 17/64 inch choke from depths
+  of 8,531 to 8,548 feet and 636 barrels of oil per day through a
+  20/64 inch choke from depths of 8,500 to 8,507 feet.
+      Triton said because of the well's status as a deep
+  exploratory well, production qualifies for a five-year royalty
+  holiday under the Saskatchewan drilling incentive products.
+      It said the well's initial production is expected to be
+  restricted to an allowable level of about 300 barrels a day,
+  although it is capable of sustaining much higher rates.
+      The company said London and Scottish Marine Oil PLC owns a
+  50 pct interest in the well and its spacing unit, Canadian
+  Worldwide 25 pct, <Saskatchewan Oil and Gas Corp> 10 pct,
+  <Interprovincial Pipeline Ltd's> Home Oil Co Ltd 7.5 pct and
+  Scurry-Rainbow Oil Ltd <SRB> 7.5 pct.
+      Triton said Royal Dutch/Shell Group's <RD> <SC> Shell
+  Canada Ltd <SHC> affiliate retains a convertible overriding
+  interest in the well.
+  
+
diff --git a/reuters/training/3593 b/reuters/training/3593
new file mode 100644
index 0000000000000000000000000000000000000000..66e61144f7438b76de58fe264e5ed94295336541
--- /dev/null
+++ b/reuters/training/3593
@@ -0,0 +1,64 @@
+HUNGARY HOPES DEVALUATION WILL END TRADE DEFICIT
+  National Bank of Hungary first
+  vice-president Janos Fekete said he hoped a planned eight pct
+  devaluation of the forint will spur exports and redress last
+  year's severe trade deficit with the West.
+      Fekete told Reuters in an interview Hungary must achieve at
+  least equilibrium on its hard currency trade.
+      "It is useful to have a devaluation," he said. "There is now a
+  real push to our exports and a bit of a curb to our imports."
+      The official news agency MTI said today Hungary would
+  devalue by eight pct and it expected the new rates to be
+  announced later today. Fekete said the rates would come into
+  effect tomorrow.
+      He said one reason for the devaluation was that Hungary had
+  a higher rate of inflation over the past two years than its
+  main partners (around eight pct in 1985 and between five and
+  5.5 pct in 1986).
+      This was partly an after-effect of action Hungary took to
+  prevent inflation from soaring during the oil price shocks of
+  the 1970s, he added.
+      Hungary devalued by a similar amount last September and by
+  between three and four pct early last year.
+      But the country's hard currency trade balance nevertheless
+  fell into a deficit of 539.4 mln dlrs from a surplus of 295.3
+  mln in 1986 and 1.2 billion in 1985.
+      Fekete said Hungary was hoping for a hard currency trade
+  surplus of between 200 and 300 mln dlrs this year, but that a
+  more likely outcome would be closer to equilibrium on total
+  hard currency trade of around 10 billion dlrs.
+      One Western commercial attache here said: "Devaluation of
+  itself will not change anything. It will only be useful if they
+  also make efforts to restructure industry and improve the
+  quality of their export goods."
+      Fekete said he hoped to raise credits on good terms this
+  year to invest in restructuring industry.
+      It would be his role to persuade international banks to
+  cooperate in this process. He noted Hungary had been given an
+  AA rating enabling it to raise money on the Japanese Samurai
+  bond market.
+      Hungary's net hard currency debt soared to 7.79 billion
+  dlrs last year from 5.01 billion in 1985, partly because of a
+  current account deficit of 1.42 billion dlrs and partly because
+  the fall in the dollar increased the dollar value of debt
+  denominated in marks or yen.
+      He said he feared net debt would also rise slightly this
+  year, but he was in favour of borrowing for the purpose of
+  modernisation.
+      "I am for credits to invest for that purpose," he said. "I am
+  against credits for consumption." He forecast gross domestic
+  product growth of two pct this year, from one pct in 1986.
+     Fekete said Hungary would continue to restructure its debt
+  profile by prepaying high interest shorter and medium term
+  loans with cheaper long term money for which it was looking
+  more and more to the fixed interest rate bond market, where he
+  considered rates to be low.
+      Hard currency foreign exchange reserves would stay at
+  around 3.5 billion dlrs, he said. On the budget deficit, which
+  tripled to a provisional 47 billion forints last year after
+  quadrupling in 1985, Fekete said the finance ministry was
+  working out measures to reduce an approved target deficit for
+  this year of 43.8 billion forints to between 30 and 35 billion
+  forints.
+  
+
diff --git a/reuters/training/3594 b/reuters/training/3594
new file mode 100644
index 0000000000000000000000000000000000000000..5b75a1348d18135f51ca6915e381e7830bd1eacc
--- /dev/null
+++ b/reuters/training/3594
@@ -0,0 +1,39 @@
+ECUADOR DEPUTY MINISTER SEEKS OIL AID IN VENEZUELA
+  Ecuador's deputy energy minister
+  Fernando Santos Alvite arrived here last night for talks on
+  further Venezuelan assistance to his country's oil industry
+  following last week's earthquake, officials said.
+      Ecuador was obliged to suspend crude oil exports for an
+  expected five months as a result of damage to 25 miles of
+  pipeline linking its jungle oil fields with the Pacific port of
+  Balao. Oil normally accounts for 60 pct of its exports.
+      Fellow OPEC member Venezuela has already agreed to lend
+  Ecuador five mln barrels of crude, to be repaid in kind after
+  180 days, to help meet its domestic consumption needs.
+      The officials could neither confirm nor deny reports that
+  Venezuela will temporarily produce Ecuador's entire OPEC quota,
+  set at 210,000 barrels per day for first half 1987.
+      "All options are open at this moment in the context of
+  cooperation on oil production," a Venezuelan energy and mines
+  ministry source said.
+      Discussions are also under way to arrive at a formula to
+  compensate Ecuador for the loss in oil export revenue while the
+  pipeline is repaired, officials said.
+      Santos Alvite last night met Venezuelan energy and mines
+  minister Arturo Hernandez Grisanti and will today hold talks at
+  technical level, officials said.
+      Industry sources said that among the options are for
+  Venezuela to produce Ecuador's entire quota, or for Venezuela
+  and non-OPEC Mexico to share it and for the latter to supply
+  Ecuador's Far Eastern clients.
+      But the ministry source said that no decision has yet been
+  reached on the matter, and that an announcement would be made
+  in due course.
+      Santos Alvite said earlier in Quito that Ecuador would have
+  to import six to seven mln barrels of crude oil to meet its
+  needs until the line was repaired.
+      Ecuador energy and mines minister Javier Espinosa Teran
+  said last night his country needs 120 mln dlrs to repair the
+  damage to the export pipeline caused by the earthquake.
+  
+
diff --git a/reuters/training/3595 b/reuters/training/3595
new file mode 100644
index 0000000000000000000000000000000000000000..396b8b65b8adadeb1ac94207fbe48360b2e70de9
--- /dev/null
+++ b/reuters/training/3595
@@ -0,0 +1,9 @@
+HOG AND CATTLE SLAUGHTER GUESSTIMATES
+  Chicago Mercantile Exchange floor
+  traders and commission house representatives are guesstimating
+  today's hog slaughter at about 295,000 to 308,000 head versus
+  305,000 week ago and 308,000 a year ago.
+      Cattle slaughter is guesstimated at about 128,000 to
+  132,000 head versus 130,000 week ago and 126,000 a year ago.
+  
+
diff --git a/reuters/training/3596 b/reuters/training/3596
new file mode 100644
index 0000000000000000000000000000000000000000..8390172aeaa129bd4af2af036b8497130e8f8770
--- /dev/null
+++ b/reuters/training/3596
@@ -0,0 +1,14 @@
+GOODYEAR <GT> TO RECEIVE 588 MLN DLRS FOR UNIT
+  Goodyear Tire and Rubber Co said it
+  will receive about 588 mln dlrs in cash from Loral Corp <LOR>
+  for the business of Goodyear Aerospace Corp.
+      Goodyear said the previously announced acquisition by Loral
+  is expected to be completed March 13. When Loral announced the
+  transaction January 12, the company said it was paying 640 mln
+  dlrs for Goodyear Aerospace.
+      Goodyear said the price it will receive is after
+  adjustments for such items as pension and benefits provision,
+  allocation of liabilities and asset valuations. Last year
+  Goodyear Aerospace had revenues of 695 mln dlrs.               
+  
+
diff --git a/reuters/training/3597 b/reuters/training/3597
new file mode 100644
index 0000000000000000000000000000000000000000..7fb9c8f27c4554b9eac19f694fd8ce71c10a8501
--- /dev/null
+++ b/reuters/training/3597
@@ -0,0 +1,14 @@
+VEBA'S RAAB KARCHER RAISES 1986 OPERATING PROFIT
+  Raab Karcher AG, a trading
+  subsidiary of VEBA AG <VEBG.F>, said it increased operating
+  profit in 1986 despite a sharp decline in turnover, and added
+  there were good chances this profit level could be held in
+  1987.
+      Operating profit rose to just under 120 mln marks in 1986,
+  from around 100 mln in 1985.
+      However, the group's third party sales fell sharply to 7.2
+  billion marks from 9.4 billion the year before, largely due to
+  lower prices for energy products, particularly oil and coal,
+  managing board chairman Klaus Giesel told a news conference.
+  
+
diff --git a/reuters/training/3598 b/reuters/training/3598
new file mode 100644
index 0000000000000000000000000000000000000000..f53b499396eb754f6b13826ac5eb668f2d000650
--- /dev/null
+++ b/reuters/training/3598
@@ -0,0 +1,10 @@
+HOVNANIAN ENTERPRISES <HOV> SPLITS STOCK
+  Hovnanian Enterprises Inc said
+  its board of directors has declared a two-for-one split of its
+  outstanding common stock.
+      The company said shareholders will receive one additional
+  share for each share held at the close of business on March 23,
+  1987 and additional shares will be distributed on April 13,
+  1987.
+  
+
diff --git a/reuters/training/3599 b/reuters/training/3599
new file mode 100644
index 0000000000000000000000000000000000000000..52cce019b709daff926157a96d8ef875271d0f7e
--- /dev/null
+++ b/reuters/training/3599
@@ -0,0 +1,14 @@
+BRITISH AEROSPACE RAISES SYSTEM DESIGNERS STAKE
+  British Aerospace Plc <BAEL.L> said it
+  has increased its stake in <Systems Designers Plc> to 22.1 pct
+  or 25.46 mln ordinary shares following the purchase of 10.45
+  mln ordinary shares.
+      The British Aerospace Pension Fund holds 2.15 mln ordinary
+  shares in Systems, representing a stake of 1.9 pct.
+      A spokesman for British Aerospace said it has no present or
+  future intention of making a full bid for Systems Designers.
+  System Designers shares were nine pence higher at 100 prior to
+  the share stake announcement, and have showed little movement
+  since.
+  
+
diff --git a/reuters/training/36 b/reuters/training/36
new file mode 100644
index 0000000000000000000000000000000000000000..b96c02a8ee9bcc900c743c363ba9719302d9120e
--- /dev/null
+++ b/reuters/training/36
@@ -0,0 +1,6 @@
+OWENS AND MINOR INC <OBOD> RAISES QTLY DIVIDEND
+  Qtly div eights cts vs 7.5 cts prior
+      Pay March 31
+      Record March 13
+  
+
diff --git a/reuters/training/3601 b/reuters/training/3601
new file mode 100644
index 0000000000000000000000000000000000000000..9aad79c80d13a636ff16e1966b0933b75d64aa65
--- /dev/null
+++ b/reuters/training/3601
@@ -0,0 +1,6 @@
+ESSELTE BUSINESS SYSTEMS INC <ESB> UPS PAYOUT
+  Qtly div 18 cts vs 14 cts prior
+      Pay March 31
+      Record March 25
+  
+
diff --git a/reuters/training/3602 b/reuters/training/3602
new file mode 100644
index 0000000000000000000000000000000000000000..8cdce0e16b739fc77ce640b4b9caabdfd0e26368
--- /dev/null
+++ b/reuters/training/3602
@@ -0,0 +1,26 @@
+KATY INDUSTRIES INC <KT> 4TH QTR NET
+  Oper shr profit 32 cts vs loss 66 cts
+      Oper net profit 2,454,000 vs loss 3,558,000
+      Sales 96.1 mln vs 91.4 mln
+      Year
+      Oper shr profit 72 cts vs loss 63 cts
+      Oper net profit 6,495,000 vs loss 1,833,000
+      Sales 368.1 mln vs 322.1 mln
+      NOTE: Earnings exclude losses from discontinued
+  consolidated operations of 460,000 dlrs, or eight cts a share
+  vs 5,364,000 dlrs, or 86 cts a share in the quarter and
+  11,334,000 dlrs, or 1.82 dlrs a share vs 11,637,000 dlrs, or
+  1.88 dlrs a share for the year
+      Earnings exclude a loss on the sale of discontinued
+  consolidated operations of 200,000 dlrs, or three cts a share
+  in the 1986 quarter and a loss of 4,960,000 dlrs, or 80 cts a
+  share vs a gain of 4,404,000 dlrs, or 71 cts a share for the
+  year
+      NOTE: 1985 earnings exclude losses from discontinued
+  unconsolidated operations of 5,488,000 dlrs, or 89 cts a share
+  in each period
+      1985 earnings exclude gain from termination of defined
+  benefit pension plan of 490,000 dlrs, or eight cts a share in
+  the quarter and 1,438,000 dlrs, or 23 cts a share for the year
+  
+
diff --git a/reuters/training/3603 b/reuters/training/3603
new file mode 100644
index 0000000000000000000000000000000000000000..cbcdaa37761c20c5b71a6e108d95bef1f5f9636e
--- /dev/null
+++ b/reuters/training/3603
@@ -0,0 +1,11 @@
+<PMI FUND INC> SETS MONTHLY DIVIDENDS
+  PMI Fund Inc said its board declared
+  monthly dividends of six cts for April, four cts for May, five
+  cts for June, seven cts for July and six cts for August.
+      The fund, which customarily omits dividends in March and
+  September, last paid six cts in February.  Dividends declared
+  today are payable April Three, May Six, June Four, July Three
+  and August Six to holders of record March 23, April 17, May 15,
+  June 12 and July 17.
+  
+
diff --git a/reuters/training/3604 b/reuters/training/3604
new file mode 100644
index 0000000000000000000000000000000000000000..8146eddd64a9eea5f1dbfb20e51bb6aa35361c68
--- /dev/null
+++ b/reuters/training/3604
@@ -0,0 +1,11 @@
+MERRY-GO-ROUND ENTERPRISES INC <MGRE> 4TH QTR
+  Jan 31 end
+      Shr 51 cts vs 38 cts
+      Net 3,254,000 vs 2,423,000
+      Sales 65.9 mln vs 51.1 mln
+      Year
+      Shr 1.18 dlrs vs 1.15 dlrs
+      Net 7,485,000 vs 7,285,000
+      Sales 207.5 mln vs 164.1 mln
+  
+
diff --git a/reuters/training/3605 b/reuters/training/3605
new file mode 100644
index 0000000000000000000000000000000000000000..cceffab94762783b8c020622545e4231e82740d5
--- /dev/null
+++ b/reuters/training/3605
@@ -0,0 +1,12 @@
+TENERA LP <TLPZV> SETS INITIAL QUARTERLY
+  TENERA LP said it will make an
+  initial quarterly distribution of 17 cts per unit on April 15
+  to holders of record March 31.
+      The partnership said the dividend is greater than it had
+  expectd to pay and was warranted by fourth quarter results and
+  anticipated results for this year's first quarter.
+      TENERA said it expects a comparable distribution for the
+  second quarter.  It said about 13 cts per share of the first
+  quarter amount will be taxable income.
+  
+
diff --git a/reuters/training/3607 b/reuters/training/3607
new file mode 100644
index 0000000000000000000000000000000000000000..5feb89e13c30a33cc194c00d7e55cd05b25c1e58
--- /dev/null
+++ b/reuters/training/3607
@@ -0,0 +1,21 @@
+HANSON <HAN> UNIT TO SELL KAISER TERMINAL/PLANT
+  Hanson Industries, the U.S. arm of
+  Hanson Trust PLC <HAN>, said it has proposed to sell, in
+  separate transactions, Kaiser Cement's Northwest Terminals and
+  Montana City plant, to Lone Star Industries Inc <LCE> and <Ash
+  Grove Cement West Inc>, respectively for a total of 50.2
+  mln dlrs.
+      Hanson said the deals are subject to normal conditions of
+  closing.
+      Hanson Industries completed the purchase of Kaiser Cement
+  on March 3, for about 250 mln dlrs.
+      Hanson said Kaiser Cement is now an indirect wholly owned
+  unit of Hanson Trust and forms part of its building products
+  group.
+      "These sales are a continuation of an asset redeployment
+  program at Kaiser Cement and will allow Kaiser to concentrate
+  its efforts in the California marketplace, where it is the
+  largest cement producer and holds a premiere market position,"
+  Hanson Industries chairman Gordon White said.
+  
+
diff --git a/reuters/training/3609 b/reuters/training/3609
new file mode 100644
index 0000000000000000000000000000000000000000..06fd17b588d8cd7e99d95c0b5ac3e6345fc6cc3b
--- /dev/null
+++ b/reuters/training/3609
@@ -0,0 +1,14 @@
+ECUADOR OFFICIAL SEEKS OIL AID IN VENEZUELA
+  Ecuador's deputy energy minister
+  Fernando Santos Alvite arrived here last night for talks on
+  further Venezuelan assistance to his country's oil industry
+  following last week's earthquake, officials said.
+      Ecuador was obliged to suspend crude oil exports for an
+  expected five months as a result of damage to 25 miles of
+  pipeline linking its jungle oil fields with the Pacific port of
+  Balao. Oil normally accounts for 60 pct of its exports.
+      Fellow OPEC member Venezuela has already agreed to lend
+  Ecuador five mln barrels of crude, to be repaid in kind after
+  180 days, to help meet its domestic consumption needs.
+  
+
diff --git a/reuters/training/361 b/reuters/training/361
new file mode 100644
index 0000000000000000000000000000000000000000..7ff1a92e781d773ea6d8f6e92b292504497af839
--- /dev/null
+++ b/reuters/training/361
@@ -0,0 +1,14 @@
+SCIENTIFIC MICRO SYSTEMS <SMSI> ACUIRES SUPERMAC
+  Scientific Micro Systems Inc said it
+  has acquired Supermac Technology, a rapidly growing supplier of
+  enhancement products and disc drive subsystems for the Apple
+  personal computer market.
+      Scientific Micro said it acquired all the common stock of
+  Supermac in exchange for 1.05 mln shares of its own common
+  stock. The stock closed at 5.50 dlrs bid on Friday.
+      Supermac, a privately held firm based in Mountain View,
+  California, as is Scientific Micro, reported a net profit of
+  300,000 dlrs on revenue of 9.5 mln dlrs in fiscal 1986. It
+  expects its revenue to approximately double in 1987.
+  
+
diff --git a/reuters/training/3610 b/reuters/training/3610
new file mode 100644
index 0000000000000000000000000000000000000000..f6c5843c7c60feaa1920a0c2f0833cb903eb5413
--- /dev/null
+++ b/reuters/training/3610
@@ -0,0 +1,5 @@
+U.S. 4TH QTR BALANCE OF PAYMENTS TRADE DEFICIT WAS RECORD 38.37 BILLION DLRS
+
+  U.S. 4TH QTR BALANCE OF PAYMENTS TRADE DEFICIT WAS RECORD 38.37 BILLION DLRS
+  
+
diff --git a/reuters/training/3611 b/reuters/training/3611
new file mode 100644
index 0000000000000000000000000000000000000000..8d152babe9fab4359a11f6325b88e5a0b57f5b98
--- /dev/null
+++ b/reuters/training/3611
@@ -0,0 +1,5 @@
+NY TRADERS SAY E.C. SOLD 71,000 TONNES  OF WHITE SUGAR AT TENDER.
+
+  NY TRADERS SAY E.C. SOLD 71,000 TONNES  OF WHITE SUGAR AT TENDER.
+  
+
diff --git a/reuters/training/3612 b/reuters/training/3612
new file mode 100644
index 0000000000000000000000000000000000000000..aebd679aba5d7b9763ed5e165a56585831f2f449
--- /dev/null
+++ b/reuters/training/3612
@@ -0,0 +1,11 @@
+U.K. MONEY MARKET GIVEN LATE HELP OF 240 MLN STG
+  The Bank of England said it provided the
+  money market with unspecified late assistance of around 240 mln
+  stg.
+      This brings its total assistance on the day to 346 mln stg
+  compared with a liquidity shortfall it estimated at a revised
+  250 mln stg.
+      Overnight interbank sterling was being offered at eight pct
+  shortly after the Bank's announcement.
+  
+
diff --git a/reuters/training/3613 b/reuters/training/3613
new file mode 100644
index 0000000000000000000000000000000000000000..53f4f0c96cc38abc2dcf3978668bc9f52d553858
--- /dev/null
+++ b/reuters/training/3613
@@ -0,0 +1,31 @@
+OUTOKUMPU RESTRUCTURES COPPER DIVISION
+  Finland's mining and metals group
+  Outokumpu Oy <OUTO.HE>, which last week reported a 1986 loss of
+  83 mln markka after three successive years of profits, said it
+  restructured its key copper processing division in an attempt
+  to rationalize production and improve profitability.
+      Outokumpu's Managing Director Pertti Voutilainen told a
+  news conference the reorganization involved a split of the
+  division into a new independent division with six profit
+  centres.
+      Outokumpu group had a 1986 loss before appropriations and
+  taxes of 83 mln markka after a profit of 355 mln in 1985. It
+  had profits in 1984 and 1983 but a loss, 171.2 mln, in 1982.
+      Outokumpu acquired two Swedish copper manufacturers in
+  January 1986, <Metallverken Ab> and <Wirsbo Bruks Ab>, that
+  were merged into its copper processing division.
+      The division had a turnover of 3.2 billion markka last
+  year, 42 pct of Outokumpu's group turnover of 7.58 billion.
+      The new Outokumpu division, called Copper Products
+  Industry, is to incorporate Outokumpu's copper production
+  plants, including its two U.S. Subsidiaries <Nippert Co> and
+  <Valleycast Inc>, as well as Metallverken and part of Wirsbo.
+      Outokumpu is planning to make Wirsbo an independent
+  division in the Outokumpu group and transfer only Wirsbo's
+  copper tube production into one of the new division's profit
+  centres. A definite decision on Wirsbo will be taken later this
+  year.
+      The new division will have production plants in Finland,
+  Sweden, Norway, the Netherlands and the U.S.
+  
+
diff --git a/reuters/training/3615 b/reuters/training/3615
new file mode 100644
index 0000000000000000000000000000000000000000..389095dde067f752ccb70ba1970fa6853b011d59
--- /dev/null
+++ b/reuters/training/3615
@@ -0,0 +1,57 @@
+U.S. TRADE DEFICIT 38.37 BILLION DLRS IN 4TH QTR
+  The U.S. merchandise trade deficit
+  on a balance of payments basis was a record 38.37 billion dlrs
+  in the October to December fourth quarter, the Commerce
+  Department said.
+      The record trade shortfall came after a revised 37.15
+  billion dlr third quarter deficit. The department previously
+  reported the third quarter deficit was 37.67 billion dlrs.
+      For the full year 1986, the merchandise trade deficit was a
+  record 147.7 billion dlrs, up from 124.4 billion dlrs in 1985,
+  the department said.
+      During the final quarter last year imports rose 2.78
+  billion dlrs or three pct to 95.7 billion dlrs, while exports
+  rose 1.56 billion dlrs or three pct to 57.33 billion dlrs.
+      The trade report on a balance of payments basis excludes
+  such factors as military sales and the costs of shipping and
+  insurance.
+      The Commerce Department said non-petroleum imports in the
+  quarter were up 2.7 billion dlrs or three pct to 87.7 billion
+  dlrs, with the largest increases in consumer goods, which rose
+  1.2 billion dlrs, and in non-monetary gold and passenger cars
+  from Canada, up 900 mln dlrs each.
+      Lumber imports from Canada fell 300 mln dlrs or 33 pct
+  because of a 15 pct duty on imports from Canada, the department
+  said. Passenger car imports fell 600 mln dlrs because of an 18
+  pct decrease in the number of South Korean-made imported cars
+  and a nine pct decrease from Japan.
+      On the exports side, agricultural exports rose 600 mln dlrs
+  or nine pct to 7.1 billion dlrs, primarily because of a 104 pct
+  or 600 mln dlr increase in soybean exports.
+      Soybean shipments to Western Europe rose sharply because
+  supplies from Brazil, a traditional major exporter, were
+  limited by drought.
+      Commerce said the U.S. trade deficit with Latin America
+  rose 900 mln dlrs to 2.6 billion dlrs, with Japan increased 700
+  mln dlrs to 14.8 billion dlrs and with Western Europe rose 200
+  mln to 7.2 billion dlrs in the quarter.
+      The deficit with newly industrialized Far East countries,
+  including Hong Kong, South Korea, Singapore and Taiwan, fell
+  500 mln dlrs to eight billion dlrs and with Canada the deficit
+  decreased 200 mln dlrs to 3.3 billion dlrs in the quarter.
+      In the full year 1986, imports rose 30.6 billion dlrs or
+  nine pct to 369.5 billion dlrs. Exports increased by only 7.3
+  billion dlrs or three pct to 221.8 billion dlrs.
+      Commerce said petroleum imports during 1986 fell 16.6
+  billion dlrs or 33 pct to 33.9 billion dlrs because of lower
+  prices. The average price per barrel decreased to 14.72 dlrs
+  from 26.41 dlrs.
+      Agricultural exports fell by 2.6 billion dlrs or nine pct
+  to 26.9 billion during the year. The average price of rice fell
+  27 pct, cotton was down 22 pct, corn 18 pct, wheat 16 pct and
+  soybeans nine pct.
+      The trade deficit with Japan for all of 1986 rose 11.1
+  billion dlrs to 54.6 billion dlrs and with Western Europe
+  increased 7.2 billion dlrs to 28.6 billion dlrs.
+  
+
diff --git a/reuters/training/3616 b/reuters/training/3616
new file mode 100644
index 0000000000000000000000000000000000000000..7f5727117cf4fbbff580379d45b78b32a41364a7
--- /dev/null
+++ b/reuters/training/3616
@@ -0,0 +1,5 @@
+ UK INTERVENTION BD SAYS EC SETS WHITE SUGAR TENDER REBATE 43.248 ECUS.
+
+   UK INTERVENTION BD SAYS EC SETS WHITE SUGAR TENDER REBATE 43.248 ECUS.
+  
+
diff --git a/reuters/training/3619 b/reuters/training/3619
new file mode 100644
index 0000000000000000000000000000000000000000..e5eac0326b621c85f33df016b8b8c843a5b1a392
--- /dev/null
+++ b/reuters/training/3619
@@ -0,0 +1,18 @@
+BAYER USA <BAYRY> AFFILIATES INCREASED SALES
+  Bayer USA Inc said sales of its
+  affiliated operating cmpanies based in the U.S. increased in
+  1986 by 4.4 pct from the previous year.
+      Combined sales were 4.2 billion dlrs, up from 4.0 billion
+  dlrs in 1985, the company said.
+      However, the company said net income was 106.9 mln dlrs,
+  three pct below 1985.
+      Bayer said its operating companies include Mobay Corp,
+  Miles Laboratories Inc, Agfa-Gevaert Inc, Compugraphic Corp,
+  Haarmann and Reimer Corp, Deerfield Urethane Inc and Helena
+  Chemical Co.
+      Bayer said Mobay, its primary chemicals company, reported
+  net income of 83.4 mln dlrs, up eight pct of 1985. It also said
+  Miles, its pharmaceutical and healthcare company, recorded
+  net income of 29 mln dlrs, a 44 pct increase over 1985.
+  
+
diff --git a/reuters/training/362 b/reuters/training/362
new file mode 100644
index 0000000000000000000000000000000000000000..ed28077709bb39e23d5579aa9f861d0414e43ddf
--- /dev/null
+++ b/reuters/training/362
@@ -0,0 +1,66 @@
+AMERICAN EXPRESS <AXP> VIEWING SHEARSON OPTIONS
+  American Express Co, rumored to be
+  considering a spinoff of part of Shearson Lehman Brothers Inc,
+  said it is studying a range of options for its brokerage unit
+  that could improve Shearon's access to capital and help it meet
+  broadening international competition.
+      In a joint statement, American Express and Shearson said
+  the actions under consideration are an integral part of
+  American Express' worldwide financial services strategy and
+  that the two companies have been having both internal and
+  external discussions on the matters.
+      American Express said no decision has been reached on the
+  strategic options and that it and Shearson could ultimately
+  decide to follow growth plans already in place.
+      Last week, rumors circulated on Wall Street that the
+  financial services giant was considering a spinoff of part of
+  Shearson and there was speculation it may be considering
+  selling a stake to a Japanese firm. Analysts said the
+  speculation also focused on American Express selling 20 pct of
+  the profitable brokerage firm to the public.
+      There was some speculation that American Express had also
+  considered a total spinoff of Shearson, but the plan was
+  considered highly unlikely, analysts said.
+       American Express said in the statement on Sunday that it
+  will not comment on rumors and speculation and a spokesman
+  would not go beyond the statement. The company also remained
+  silent last Thursday and Friday, as rumors drove American
+  Express stock up a total of 5-1/2 dlrs in two days to bring it
+  to a Friday close at 74.
+       It said it issued the statement on Sunday because a
+  similar statement was being circulated to employees.
+      Analysts have been divided on whether it makes sense for
+  American Express to give up a stake in the wholly-owned
+  brokerage, which improved its after-tax earnings by about 50
+  pct in the last year.
+      Some analysts said American Express may consider spinning
+  off part of Shearson because it is concerned that its stock
+  price does not fully reflect the value of the brokerage firm.
+       Shearson contributed 316 mln dlrs of American Express'
+  1.25 billion dlr net in 1986.
+      American Express' ambitious plans for international growth
+  may be also enhanced by the added cash that spinning out part
+  of Shearson would bring. Analysts speculated that all of
+  Shearson would have a market value of about 3.5 billion dlrs.
+      To some however, the need for added capital is puzzling.
+  "(American) Express is in a position where they can raise
+  capital if they need to," said Larry Eckenfelder of
+  Prudential-Bache Securities.
+      Analysts said rumors were fed by the reorganization of
+  Shearson management Wednesday. Chief operating officer Jeffrey
+  Lane got the added, previously vacant, post of president.
+       The reorganization also created four new positions for
+  chairmen of Shearson's operating divisions, a move analysts
+  speculated would allow Shearson to be a stand alone company.
+       Analysts, contacted on Sunday said the statement does
+  little to clarify last week's market speculation. It does
+  confirm, however, that the financial services firm, which
+  unsuccessfully attempted to expand Shearson with a major
+  acquisition last year, is looking beyond its own walls for
+  growth and positioning in the global market competition.
+      Late last year, Shearson's takeover offer to the E.F.
+  Hutton Group Inc was rejected by Hutton, and analysts said
+  there had been speculation that Shearson also was rebuffed when
+  it approached another major Wall Street brokerage.        
+  
+
diff --git a/reuters/training/3620 b/reuters/training/3620
new file mode 100644
index 0000000000000000000000000000000000000000..d4fba23cdabc0d9f69ff3558663cb682243dd5cf
--- /dev/null
+++ b/reuters/training/3620
@@ -0,0 +1,10 @@
+DEB SHOPS INC <DEBS> SETS STOCK SPLIT
+  Deb Shops Inc said its board
+  declared a 100 pct stock dividend and will increase the
+  quarterly dividend to four cts from 3-1/4 cts after adjustm,ent
+  for the split.
+      The company said the split is payable April 17 to holders
+  of record March 25.  The dividend increase will be effective
+  with the April 30 payment, it said.
+  
+
diff --git a/reuters/training/3621 b/reuters/training/3621
new file mode 100644
index 0000000000000000000000000000000000000000..b24d1e0c7f91ab3b73cf294ece87dcd6cca3300a
--- /dev/null
+++ b/reuters/training/3621
@@ -0,0 +1,5 @@
+CANADA LEADING INDICATOR UP 0.4 PCT IN DECEMBER, AFTER 0.4 PCT NOVEMBER GAIN - OFFICIAL
+
+  CANADA LEADING INDICATOR UP 0.4 PCT IN DECEMBER, AFTER 0.4 PCT NOVEMBER GAIN - OFFICIAL
+  
+
diff --git a/reuters/training/3622 b/reuters/training/3622
new file mode 100644
index 0000000000000000000000000000000000000000..e195358cc9cd5c232be0b70bb6a0e85035d3a9b5
--- /dev/null
+++ b/reuters/training/3622
@@ -0,0 +1,11 @@
+CONTINENTAL HEALTH <CTHL> PURCHASES MARKETECH
+  Continental Health
+  Affiliates Inc said that it has acquired <Marketech Inc>, an 80
+  pct partner in <Diatronics Nutrition Services>.
+      Continental said Diantronics Nutrition Services is a joint
+  venture with physicians providing patient-ready home infusion
+  therapy products and services to outpatients of five northern
+  New Jersery hospitals representing over 1,900 inpatient beds.
+      Continental said the terms of the deal were not disclosed.
+  
+
diff --git a/reuters/training/3623 b/reuters/training/3623
new file mode 100644
index 0000000000000000000000000000000000000000..9557efded936cac775457cf635929cc6c6bb6910
--- /dev/null
+++ b/reuters/training/3623
@@ -0,0 +1,11 @@
+VISUAL GRAPHICS SETS DIVIDENDS
+  Visual Graphics Corp <VGCA> <VGCB>
+  said its board declared a quarterly dividend of 7-1/2 cts per
+  share on its class "B" common stock and 8-1/4 cts per share on
+  class "A" common stock payable April Three to shareholders of
+  record as of March 23.
+       The company set up the two classes of common stock in
+  February. Previously, the company had paid a 7-1/2 cent per
+  share quarterly dividend on one class of common stock.
+  
+
diff --git a/reuters/training/3624 b/reuters/training/3624
new file mode 100644
index 0000000000000000000000000000000000000000..04bcd99397d580e34bb5cac2e68bb7334c1a558d
--- /dev/null
+++ b/reuters/training/3624
@@ -0,0 +1,10 @@
+DEB SHOPS INC <DEBS> 4TH QTR JAN 31 NET
+  Shr 71 cts vs 57 cts
+      Net 5,457,000 vs 4,299,000
+      Sales 62.9 mln vs 50.1 mln
+      Year
+      Shr 1.65 dlrs vs 1.37 dlrs
+      Net 12.6 mln vs 10.4 mln
+      Sales 181.4 mln vs 147.1 mln
+  
+
diff --git a/reuters/training/3625 b/reuters/training/3625
new file mode 100644
index 0000000000000000000000000000000000000000..8ba2dceb40264e5a183bcc3afc89667f43bf0113
--- /dev/null
+++ b/reuters/training/3625
@@ -0,0 +1,22 @@
+SIGMA MINES DETAILS GOLD ORE RESERVES
+  <Sigma Mines (Quebec) Ltd>, 65 pct
+  owned by Dome Mines Ltd <DM>, said its Sigma Mine had proven
+  and probable reserves at the end of 1986 of 4,902,940 tons,
+  with an average grade of 0.139 ounces of gold a ton.
+      Sigma said the reserves are equivalent to 10 years future
+  production at current milling rates.
+      The reserves comprise 1,640,779 tons proven reserves
+  grading an average of 0.163 ounces of gold a ton and 3,262,161
+  tons probable reserves grading an average of 0.127 ounces of
+  gold a ton.
+      Sigma said it changed its 1986 reserve reporting method
+  following Dome Mines previously reported move to adopt general
+  industry practice of reporting proven and probable ore
+  reserves.
+      Prior to 1986, Sigma conservatively reported only proven
+  reserves that could be mined without future development costs.
+      Proven reserves as of December 31, 1985 were 978,000 tons
+  grading an average of 0.194 ounces of gold a ton, equivalent to
+  about two years future production.
+  
+
diff --git a/reuters/training/3626 b/reuters/training/3626
new file mode 100644
index 0000000000000000000000000000000000000000..4fba86b97fb2c5e387469be39fb8611f99d1b83b
--- /dev/null
+++ b/reuters/training/3626
@@ -0,0 +1,13 @@
+REGENCY CRUISES INC <SHIP> 4TH QTR NET
+  Shr profit nine cts vs loss two cts
+      Net profit 1,419,000 vs loss 314,000
+      Revs 8,097,000 vs 4,794,000
+      Avg shrs 15.8 mln vs 15.5 mln
+      Year
+      Shr profit 37 cts vs loss 10 cts
+      Net profit 5,695,000 vs loss 1,268,000
+      Revs 40.9 mln vs 4,794,000
+      Avg shrs 15.6 mln vs 12.5 mln
+      NOTE: Company began operations Nov 17, 1985.
+  
+
diff --git a/reuters/training/3629 b/reuters/training/3629
new file mode 100644
index 0000000000000000000000000000000000000000..bcdbd0d339fe9c36739bf823dd2ec628b34063b6
--- /dev/null
+++ b/reuters/training/3629
@@ -0,0 +1,11 @@
+SEAMAN FURNITURE CO INC <SEAM> 3RD QTR JAN 31
+  Shr 64 cts vs 51 cts
+      Net 4,373,000 vs 3,346,000
+      Sales 59.8 mln vs 45.5 mln
+      Avg shrs 6,808,000 vs 6,600,000
+      Nine mths
+      Shr 1.57 dlrs vs 1.18 dlrs
+      Net 10.7 mln vs 7,745,000
+      Sales 167.0 mln vs 123.1 mln
+  
+
diff --git a/reuters/training/3630 b/reuters/training/3630
new file mode 100644
index 0000000000000000000000000000000000000000..56c60f3b1804d00cad2c09bbddb9f695de9b2686
--- /dev/null
+++ b/reuters/training/3630
@@ -0,0 +1,23 @@
+NOVO INDUSTRI EARNINGS FALL DESPITE INCREASED SALES
+  Danish-based insulin and enzymes
+  producer Novo Industri A/S (NVO.CO) said pre-tax earnings fell
+  almost 10 pct in 1986 though sales rose by two pct.
+      The pre-tax figure fell to 788 mln crowns from 872 mln in
+  1985, on sales increased from 4.1 billion to 4.2 billion,
+  giving net earnings of 521 mln crowns against 604 mln in 1985.
+      Earnings per 20-crown share went from 23.79 crowns to 20.45
+  crowns but the company proposed an unchanged 20 pct dividend.
+      "Foreign exchange fluctuations in 1986 were a very
+  significant factor behind developments in the result before and
+  after tax," Novo said in a statement.
+      "Not only the U.S. Dollar but also other currencies
+  essential to Novo fell in 1986 in relation to the Danish crown,"
+  the statement added.
+      In November 1986, Novo purchased 75 pct of shares in A/S
+  Ferrosan, which heads a group specialising in research and
+  development of CNS (central nervous treatment) treatments and
+  the sale of pharmaceuticals and vitamins in Scandinavia.
+      The 357 mln crowns paid in goodwill "had a very limited
+  effect on the 1986 result," the Novo statement said.
+  
+
diff --git a/reuters/training/3631 b/reuters/training/3631
new file mode 100644
index 0000000000000000000000000000000000000000..5f55c358d96729d5fb2f833a714bbf0482f32777
--- /dev/null
+++ b/reuters/training/3631
@@ -0,0 +1,12 @@
+SCS/COMPUTE INC <SCOM> 3RD QTR JAN 31 LOSS
+  Shr loss 30 cts vs loss 43 cts
+      Net loss 891,000 vs loss 969,000
+      Revs 1,930,000 vs 1,815,000
+      Avg shrs 2.9 mln vs 2.2 mln
+      Nine Mths
+      Shr loss one dlr vs loss 1.36 dlrs
+      Net loss 2,622,000 vs loss 3,037,000
+      Revs 4,638,000 vs 4,105,000
+      Avg shrs 2.6 mln vs 2.2 mln
+  
+
diff --git a/reuters/training/3632 b/reuters/training/3632
new file mode 100644
index 0000000000000000000000000000000000000000..d030199368809a9013664a12d968e81eb4fa2625
--- /dev/null
+++ b/reuters/training/3632
@@ -0,0 +1,13 @@
+SECURITIES DEALER HAS LEASEWAY <LTC> STAKE
+  Alpine Associates, a Cresskill, N.J.
+  securities dealer, told the Securities and Exchange Commission
+  it has acquired 565,100 shares of Leaseway Transport
+  Corp, or 5.9 pct of the total outstanding common stock.
+      Alpine, a limited partnership, said it bought the stock for
+  28.1 mln dlrs as an investment in the ordinary course of its
+  business as a securities dealer.
+      It left open the possibility that it might buy more
+  Leaseway stock or sell some or all of its current stake, but
+  said it has no plans to seek control of the company.
+  
+
diff --git a/reuters/training/3633 b/reuters/training/3633
new file mode 100644
index 0000000000000000000000000000000000000000..eac0a5e05b9b6fb01cfd3adf8a69a26d45315edd
--- /dev/null
+++ b/reuters/training/3633
@@ -0,0 +1,9 @@
+EMPIRE OF CAROLINA INC <EMP> YEAR NET
+  Shr 1.26 dlrs vs 67 cts
+      Net 7,299,000 vs 3,607,000
+      Revs 52.4 mln vs 40.7 mln
+      Avg shrs 6,028,755 vs 2,408,766
+      NOTE: 1985 results restated to include Deltona Corp <DLT>
+  investment on equity method.
+  
+
diff --git a/reuters/training/3634 b/reuters/training/3634
new file mode 100644
index 0000000000000000000000000000000000000000..8eaae219423f2ab8d65fff021ddca5aad7973d1f
--- /dev/null
+++ b/reuters/training/3634
@@ -0,0 +1,16 @@
+VHC LTD <VHCL> 4TH QTR OPER NET
+  Oper shr profit 18 cts vs loss one ct
+      Oper net profit 387,832 vs loss 29,312
+      Revs 6,872,630 vs NA
+      Year
+      Oper shr profit 39 cts vs loss 23 cts
+      Oper net profit 835,010 vs loss 441,836
+      Revs 20.8 mln vs NA
+      Avg shrs 2,135,909 vs 1,885,909
+      NOTE: Excludes gains of 378,000 dlrs or 18 cts and 715,000
+  dlrs or 33 cts in current qtr and year, respectively, from
+  benefit of tax loss carryforwards. Year-ago excludes losses of
+  75,809 dlrs or four cts in qtr and 146,061 dlrs or eight cts in
+  year from discontinued operations. 1985 restated.
+  
+
diff --git a/reuters/training/3637 b/reuters/training/3637
new file mode 100644
index 0000000000000000000000000000000000000000..5b167b6c65c87489858848ba44cfa131fc74e8d0
--- /dev/null
+++ b/reuters/training/3637
@@ -0,0 +1,9 @@
+TRANSTECH INDUSTRIES INC <TRTI> YEAR NET
+  Oper shr 91 cts vs seven cts
+      Oper net 4,356,774 vs 289,764
+      Revs 69.2 mln vs 50.2 mln
+      Avg shrs 4,736,692 vs 4,151,672
+      NOTE: 1985 net excludes 3,027,714 dlr loss from
+  discontinued operations.
+  
+
diff --git a/reuters/training/3639 b/reuters/training/3639
new file mode 100644
index 0000000000000000000000000000000000000000..1e6b11f2d60f83882d79da7e72f17d91cbf82a18
--- /dev/null
+++ b/reuters/training/3639
@@ -0,0 +1,22 @@
+THAI SUGAR PRODUCTION INCREASES
+  Thai sugar production totalled 960,788
+  tonnes in January, an increase of 12.7 pct on January 1986,
+  according to figures received by the International Sugar
+  Organization.
+      November and December production figures also exceeded last
+  year's totals with the result that output in the first three
+  months of the season showed a 23.1 pct increase over 1985/86.
+  Production in the November 1986 to January 1987 period totalled
+  1.29 mln tonnes.
+      Thai exports in December and January were down, however.
+  January exports fell from 73,164 to 35,910 tonnes.
+      Domestic consumption increased 7.3 pct to 192,069 tonnes
+  for the three month period, but this was not sufficient to
+  prevent a significant rise in stocks, which climbed to 1.62 mln
+  tonnes by the end of January, compared with 1.52 mln a year
+  earlier.
+      Thai Agricultural Ministry officials have previously
+  forecast a decline in 1986/87 raws output to around 2.3 mln
+  tonnes from 2.48 mln in 1985/86.
+  
+
diff --git a/reuters/training/3640 b/reuters/training/3640
new file mode 100644
index 0000000000000000000000000000000000000000..6369d52a536533248e4ae07f80b07729080e28f5
--- /dev/null
+++ b/reuters/training/3640
@@ -0,0 +1,13 @@
+CANADA DECEMBER LEADING INDICATOR UP 0.4 PCT
+  Canada's leading composite indicator
+  advanced 0.4 pct in December after gaining 0.4 pct in the two
+  previous months, Statistics Canada said.
+      The unfiltered index rose 0.8 pct in the month, a
+  turnaround from the 0.3 pct decline in November, the federal
+  agency said.
+      The manufacturing groups continued to post advances while
+  goods production rose 1.6 pct, the third increase in the last
+  four months. The advances, however, were offset by a
+  deceleration in household demand.
+  
+
diff --git a/reuters/training/3643 b/reuters/training/3643
new file mode 100644
index 0000000000000000000000000000000000000000..2ceff6a1c54e14762ed712a371738d6bbc7c3683
--- /dev/null
+++ b/reuters/training/3643
@@ -0,0 +1,14 @@
+ANOVA VENTURES SETS DIVIDEND IN DUEVEL SHARES
+  <ANova Ventures Corp> said its board
+  declared a dividend payable in the form of registered shares of
+  stock in <Duvel Corp>, a blind public pool.
+      ANova describes itself as a publishing and financial
+  services firm specializing in arranging revers acquisitions and
+  mergers between blind pools/shells and private companies.
+      ANova said it created Duvel to act as a blind pool and will
+  seek an operating private company to merger with Duvel. Duvel
+  has sold 300,000 common shares to a private investor group to
+  finance expenses of registration and 640,000 shares will be
+  paid to ANova stockholders as a dividend, it added.
+  
+
diff --git a/reuters/training/3645 b/reuters/training/3645
new file mode 100644
index 0000000000000000000000000000000000000000..1c085e1cf54c6690b17899d01c0c78cdb1bccce6
--- /dev/null
+++ b/reuters/training/3645
@@ -0,0 +1,50 @@
+CHRYSLER <C> DEAL LEAVES UNCERTAINTY FOR AMC WORKERS
+  Chrysler Corp's 1.5 billion dlr bid to
+  takeover American Motors Corp <AMO> should help bolster the
+  small automaker's sales, but it leaves the future of its 19,000
+  employees in doubt, industry analysts say.
+      It was "business as usual" yesterday at the American Motors
+  headquarters, one day after the proposed merger was unveiled by
+  Chrysler and AMC's French parent Renault, according to company
+  spokesman Edd Snyder.
+      But AMC's future, to be discussed at a board meeting today,
+  would be radically different as a Chrysler subsidiary than if
+  it had continued with the state-run French car group as its
+  controlling shareholder.
+      Industry analysts said the future of AMC's car assembly
+  plant in Kenosha, Wis., and its Toledo, Ohio, Jeep plant would
+  be in doubt if the overcapacity predicted in the North American
+  auto industry by the early 1990s comes to pass.
+      Both plants are far from "state of the art" for car
+  manufacturing sites, and AMC has a history of poor labor
+  relations at each.
+      "Chrysler doesn't need that many new plants," said Michael
+  Luckey, automotive analyst for the Wall Street firm Shearson
+  Lehman Brothers. "They probably will close the Toledo plant and
+  move Jeep production to Canada."
+      Ronald Glantz of Montgomery Securities said that at the
+  very least, the new owner of the Toledo plant would be able to
+  wring concessions from the United Automobile Workers union
+  local representing Jeep workers.
+      "The UAW won't be able to hold them up for ransom as they
+  have AMC because during a down year, Chrysler will have
+  underutilized facilities to transfer production," he said.
+      Analysts said they foresaw no major complications that
+  would abort a combination which historians said would be the
+  auto industry's biggest merger since American Motors was formed
+  in 1954.
+      AMC was in need of a financial savior because of its losses
+  of more than 800 mln dlrs since 1980 and pressures in France
+  for Renault to cut its backing. The company had said it could
+  not forecast consistent profitability until 1988 at the
+  earliest.
+      In announcing the takeover agreement, Chrysler chairman Lee
+  Iacocca cited AMC's Jeep division as well as its new 675 mln
+  dlr assembly plant at Bramalea, Ontario, and its network of
+  1,200 dealers as the major attractions.
+      Analysts reasoned that Chrysler might feel moved eventually
+  to sell off or close some of the older plants to cut overhead
+  costs in view of the new debts and liabilities it would incur
+  in the AMC buyout.
+  
+
diff --git a/reuters/training/3646 b/reuters/training/3646
new file mode 100644
index 0000000000000000000000000000000000000000..a1863de964fe4d43759fbe8e5e83a28857054042
--- /dev/null
+++ b/reuters/training/3646
@@ -0,0 +1,32 @@
+ST. JOE GOLD TO DEVELOP ONTARIO MINE
+  St. Joe Gold Corp said it plans to
+  proceed with development of its Golden Patricia gold property
+  in northwestern Ontario.
+      It said about five mln dlrs will be spent to continue
+  underground development and obtain operating permits and
+  another 10.2 mln dlrs is expected to be required to complete
+  underground development, construct a mill and provide the
+  infrastructure needed to put the mine into commercial
+  production.
+      St. Joe Gold said if the necessary operating permits were
+  granted in time, it would start gold production in the second
+  half of the year ending October 31, 1988 at an annual rate of
+  about 40,000 troy ounces.
+      The company said the property is estimated to contain over
+  500,000 troy ounces of gold, and the initial mining project
+  covers only seven of 192 claims, with drill-indicated reserves
+  of 293,000 short tons grading 0.88 troy ounce of gold per ton.
+      It said initial mine output is expected to be about 150
+  tons of ore daily.
+      St. Joe Gold said the Golden Patricia vein has not been
+  tested at depth or along strike to the east and west and
+  exploration is continuing on the Golden Patricia property and
+  the adjacent wholly-owned Muskeg Lake property.
+      The company also said its Richmond Hill gold and silver
+  deposit in the Carbonate district of western South Dakota has
+  been shown by drilling to contain about 3,900,000 tons grading
+  0.055 troy ounce of gold and 0.23 troy ounce of silver per ton.
+   It said preliminary results are encouraging and a feasibility
+  study is nearing completion.
+  
+
diff --git a/reuters/training/3647 b/reuters/training/3647
new file mode 100644
index 0000000000000000000000000000000000000000..8896394c70b8a4b2f659b2f3904f457ada8fb45e
--- /dev/null
+++ b/reuters/training/3647
@@ -0,0 +1,6 @@
+NUCOR CORP <NUE> RAISES QUARTERLY
+  Qtly div nine cts vs eight cts prior
+      Pay May 12
+      Record March 31
+  
+
diff --git a/reuters/training/3649 b/reuters/training/3649
new file mode 100644
index 0000000000000000000000000000000000000000..daa8a7a6a7602e9066ff7dcd3b9378a5b30e574f
--- /dev/null
+++ b/reuters/training/3649
@@ -0,0 +1,9 @@
+<KELSEY-HAYES CANADA LTD> YEAR NET
+  Shr 1.60 dlrs vs 3.12 dlrs
+      Net 10.6 mln vs 20.6 mln
+      Revs 162.5 mln vs 214.6 mln
+      Note: 1985 shr restated to reflect January 31, 1986 stock
+  split.
+      73 pct-owned by Kelsey-Hayes Co.
+  
+
diff --git a/reuters/training/3651 b/reuters/training/3651
new file mode 100644
index 0000000000000000000000000000000000000000..45fba76c5507b6f504aea816aef77ca31e7a9503
--- /dev/null
+++ b/reuters/training/3651
@@ -0,0 +1,6 @@
+RIGGS NATIONAL CORP <RIGS> SETS QUARTERLY
+  Qtly div 27-1/2 cts vs 27-1/2 cts prior
+      Pay April 15
+      Record March 31
+  
+
diff --git a/reuters/training/3652 b/reuters/training/3652
new file mode 100644
index 0000000000000000000000000000000000000000..38d8326483e9b6e9772ba9016b4d5844159eb551
--- /dev/null
+++ b/reuters/training/3652
@@ -0,0 +1,8 @@
+<PACER SYSTEMS> TO MAKE ACQUISITION
+  Pacer Systems said it has
+  agreed in principle to acquire the assets of Sea Data Corp, a
+  maker of low-powered electronic systems including undersea
+  intelligent recording sensors and high-density digital data
+  recorders, for one mln dlrs.
+  
+
diff --git a/reuters/training/366 b/reuters/training/366
new file mode 100644
index 0000000000000000000000000000000000000000..a2dd6f65383956bc8af2f2a1764a9934180ce76f
--- /dev/null
+++ b/reuters/training/366
@@ -0,0 +1,19 @@
+ROPAK <ROPK> HAS 34 PCT OF BUCKHORN <BKN>
+  Ropak Corp said it received
+  and accepted about 456,968 common shares and 527,035 Series A
+  convertible preferred shares of Buckhorn Inc at four dlrs and
+  5.75 dlrs each respectively in response to its tender offer
+  that expired Friday, and it now owns 34.4 pct of Buckhorn
+  voting power.
+      The company had owned 63,000 common and 25,100 preferred
+  shares before starting the hostile tender.  Ropak said it is
+  borrowing the funds needed to buy the Buckhorn shares from its
+  bank lender and will not need to use any funds that another
+  bank had committed to provide under a margin loan.
+      Ropak said it waived minimum acceptance requirements to buy
+  the shares and intends to evaluate a number of possible ways of
+  completing an acquisition of Buckhorn.  It said it hopes that
+  Buckhorn's board will reevaluate its position and enter into
+  meaningful negotiations.
+  
+
diff --git a/reuters/training/3660 b/reuters/training/3660
new file mode 100644
index 0000000000000000000000000000000000000000..bd316b9cfce70c0bf98a7747189a8712b8b71cf8
--- /dev/null
+++ b/reuters/training/3660
@@ -0,0 +1,14 @@
+SPAIN QUALIFIES RESERVE REQUIREMENTS STATEMENT
+  A Bank of Spain spokesman qualified a
+  bank statement announcing an extension of reserve requirements
+  to convertible peseta funds held by banks, saying the move
+  applied only to future rises above current balances.
+      "The 19 pct reserve requirement will only be applied to
+  further increases in bank's convertible peseta funds," the
+  spokesman said. Convertible peseta funds previously were exempt
+  from reserve requirements. The spokesman said the measure was
+  intended to curb an influx of short-term foreign speculative
+  capital which threatened the government's money supply growth
+  target.
+  
+
diff --git a/reuters/training/3661 b/reuters/training/3661
new file mode 100644
index 0000000000000000000000000000000000000000..dbb689407445a4f536df9d577dd8e14663b81df9
--- /dev/null
+++ b/reuters/training/3661
@@ -0,0 +1,11 @@
+SPAIN'S MONEY SUPPLY GROWTH DOUBLES IN FEBRUARY
+  Spain's broad based M-4 money supply
+  rose at an annualised rate of 16.7 pct in February against 8.1
+  pct in January and 22.4 pct in February last year, Bank of
+  Spain figures show.
+      The broad-based money supply is measured as liquid assets
+  in public hands plus quasi-monetary assets.
+      Money supply growth was 11.4 pct last year. The government
+  wants to reduce the rate to eight pct this year.
+  
+
diff --git a/reuters/training/3666 b/reuters/training/3666
new file mode 100644
index 0000000000000000000000000000000000000000..8ad7c8b7f3b29ace6407dfcaee2057c258690654
--- /dev/null
+++ b/reuters/training/3666
@@ -0,0 +1,14 @@
+DEALERS WARY OVER STERLING INTERVENTION RUMOUR
+  Foreign exchange market rumours that the
+  the Bank of England has been selling sterling to halt its rise
+  prompted a wary response from dealers who said they saw no
+  obvious confirmation, market sources said.
+      Bank of England officials were not immediately available
+  for comment. Earlier this week, the Bank sanctioned a cut in
+  bank interest rates in a surprise move, which aimed at limiting
+  sterling's rise ahead of the March 17 budget.
+      But today the pound has strengthened to 72.7 on its
+  trade-weighted index from 72.1 last night, though the U.K.
+  Currency is below its day's high against the dollar.
+  
+
diff --git a/reuters/training/3667 b/reuters/training/3667
new file mode 100644
index 0000000000000000000000000000000000000000..5cc88146e6896c644659822a4831a7e7c6338c6e
--- /dev/null
+++ b/reuters/training/3667
@@ -0,0 +1,11 @@
+TELEPHONE SUPPORT SYSTEMS INC <TSSI> 3RD QTR
+  Nov 30 end
+      Shr four cts vs 11 cts
+      Net 62,986 vs 174,158
+      Sales 720,906 vs 907,542
+      Year
+      Shr 18 cts vs six cts
+      Net 277,852 vs 94,263
+      Sales 2,247,374 vs 2,030,390
+  
+
diff --git a/reuters/training/3668 b/reuters/training/3668
new file mode 100644
index 0000000000000000000000000000000000000000..cecc23111857dd7ce450929999589722e095e91c
--- /dev/null
+++ b/reuters/training/3668
@@ -0,0 +1,12 @@
+NETWORK VIDEO INC <NVID> 3RD QTR FEB 28 NET
+  Shr one ct vs five cts
+      Net 50,745 vs 161,019
+      Revs 478,700 vs 1,048,543
+      Avg shrs 4,350,000 vs 3,217,500
+      Nine mths
+      Shr four cts vs 12 cts
+      Net 169,275 vs 390,179
+      Revs 1,478,066 vs 2,658,692
+      Avg shrs 4,350,000 vs 3,217,500
+  
+
diff --git a/reuters/training/3669 b/reuters/training/3669
new file mode 100644
index 0000000000000000000000000000000000000000..fc76d2ca48d535fb97c42bf7f3175f0c096f2ab6
--- /dev/null
+++ b/reuters/training/3669
@@ -0,0 +1,13 @@
+COMTECH INC <CMTL> 2ND QTR JAN 31 NET
+  Oper shr profit one ct vs profit two cts
+      Oper net profit 63,000 vs profit 84,000
+      Sales 5,009,000 vs 4,042,000
+      1st half
+      Oper shr profit two cts vs loss 17 cts
+      Oper net profit 87,000 vs loss 794,000
+      Sales 9,838,000 vs 7,368,000
+      Backlog 17.8 mln vs 11.4 mln
+      NOTE: Current year net excludes tax credits of 32,000 dlrs
+  in quarter and 45,000 dlrs in half.
+  
+
diff --git a/reuters/training/3672 b/reuters/training/3672
new file mode 100644
index 0000000000000000000000000000000000000000..b49fb913368101ab38802da952f6bde8404df162
--- /dev/null
+++ b/reuters/training/3672
@@ -0,0 +1,13 @@
+BALTEK CORP <BTEK> 4TH QTR NET
+  Oper shr 21 cts vs 34 cts
+      Oper net 480,000 vs 765,000
+      Revs 6,386,000 vs 5,862,000
+      Year
+      Oper shr 1.20 dlrs vs 78 cts
+      Oper net 2,692,000 vs 1,732,000
+      Revs 25.2 mln vs 20.3 mln
+      NOTEL Net excludes tax credit 35,000 dlrs vs reversal of
+  credit 40,000 dlrs in quarter and credits 79,000 dlrs vs 72,000
+  dlrs in year.
+  
+
diff --git a/reuters/training/3673 b/reuters/training/3673
new file mode 100644
index 0000000000000000000000000000000000000000..12fbf43977ab6870db59094a149280286b61380f
--- /dev/null
+++ b/reuters/training/3673
@@ -0,0 +1,13 @@
+SAHLEN AND ASSOCIATES <SALNU> COMPLETES PURCHASE
+  Sahlen and Associates Inc
+  said it has completed the purchase of Gleason Securities
+  Service Inc of New York and Gleason Plant Security Inc of
+  Connecticut.
+      Sahlen said the deal's terms were not disclosed, but added
+  that the acquired companies had combined annual revenues of
+  over 18 mln dlrs.
+      Sahlen, a private invetigation company, said the Gleason
+  companies provide security guard services to corporations in
+  the tri-state area.
+  
+
diff --git a/reuters/training/3674 b/reuters/training/3674
new file mode 100644
index 0000000000000000000000000000000000000000..7cfca8cc49c21f381504a1e90c9d40c42d5d9391
--- /dev/null
+++ b/reuters/training/3674
@@ -0,0 +1,6 @@
+MEM CO INC <MEM> DECLARES QTLY DIV
+  Qtly div 15 cts vs 15 cts prior
+      Pay May 11
+      Record March 31.
+  
+
diff --git a/reuters/training/3676 b/reuters/training/3676
new file mode 100644
index 0000000000000000000000000000000000000000..49bc44eda2993409e61fb85bdfe549896f2da346
--- /dev/null
+++ b/reuters/training/3676
@@ -0,0 +1,13 @@
+INSITUFORM OF NORTH AMERICA INC <INSUA> 4TH QTR
+  Shr nine cts vs four cts
+      Net 658,159 vs 299,930
+      Revs 3,770,341 vs 2,614,224
+      Avg shrs 7,382,802 vs 6,747,442
+      Year
+      Oper shr 33 cts vs 18 cts
+      Oper net 2,287,179 vs 1,045,799
+      Revs 13.1 mln vs 8,577,853
+      Avg shrs 6,874,505 vs 5,951,612
+      NOTE: 1985 year net includes 13,000 dlr tax credit.
+  
+
diff --git a/reuters/training/368 b/reuters/training/368
new file mode 100644
index 0000000000000000000000000000000000000000..7681358089ec639e53a9f74f29c75a39d3c97b97
--- /dev/null
+++ b/reuters/training/368
@@ -0,0 +1,16 @@
+PHILADELPHIA PORT CLOSED BY TANKER CRASH
+  The port of Philadelphia was closed
+  when a Cypriot oil tanker, Seapride II, ran aground after
+  hitting a 200-foot tower supporting power lines across the
+  river, a Coast Guard spokesman said.
+      He said there was no oil spill but the ship is lodged on
+  rocks opposite the Hope Creek nuclear power plant in New
+  Jersey.
+      He said the port would be closed until today when they
+  hoped to refloat the ship on the high tide.
+      After delivering oil to a refinery in Paulsboro, New
+  Jersey, the ship apparently lost its steering and hit the power
+  transmission line carrying power from the nuclear plant to the
+  state of Delaware.
+  
+
diff --git a/reuters/training/3680 b/reuters/training/3680
new file mode 100644
index 0000000000000000000000000000000000000000..dcf5902d5ef81bb0cb45bb0ba11a4437c75ff3e6
--- /dev/null
+++ b/reuters/training/3680
@@ -0,0 +1,10 @@
+MAJOR REALTY CORP <MAJR> 4TH QTR LOSS
+  Shr loss 19 cts vs profit 11 cts
+      Net loss 1,140,270 vs profit 590,463
+      Revs 1,259,164 vs 3,225,512
+      Year
+      Shr loss 67 cts vs profit 10 cts
+      Net loss 4,004,840 vs profit 580,488
+      Revs 3,184,480 vs 9,123,041
+  
+
diff --git a/reuters/training/3681 b/reuters/training/3681
new file mode 100644
index 0000000000000000000000000000000000000000..7d539cacfe89dfe0ded7d37f42e7bd896b7ebc54
--- /dev/null
+++ b/reuters/training/3681
@@ -0,0 +1,10 @@
+NUTMEG INDUSTRIES INC <NUTM> YEAR JAN 31 NET
+  Shr 14 cts
+      Net 510,917
+      Sales 12.3 mln
+      NOTE: Share adjusted for five for four stock split in
+  January 1987.
+      Backlog 13.0 mln dlrs vs 3,733,000 dlrs.
+      Company began operating January 27, 1986.
+  
+
diff --git a/reuters/training/3684 b/reuters/training/3684
new file mode 100644
index 0000000000000000000000000000000000000000..ce3d1205b040df831f3890c8abbc5d0654991922
--- /dev/null
+++ b/reuters/training/3684
@@ -0,0 +1,14 @@
+HENRY ANSBACHER HAS 51 PCT OF ADAMS AND PORTER INC
+  <Henry Ansbacher Holdings Plc> said it
+  has acquired a 51 pct interest in the U.S. Retail and general
+  corporate insurance broker <Adams and Porter Inc>.
+      The move is the first step in building a new international
+  insurance broking group following the appointment of a new
+  management team for its Seascope Insurance Holdings unit.
+      Ansbacher said A and P has exciting growth potential,
+  particularly on the east coast of the U.S. And has an annual
+  revenue of more than four mln dlrs. Ansbacher shares were up
+  4-1/2p to 90-1/2, helped by the announcement earlier today of a
+  1986 pretax profit rise to 5.56 mln stg from 2.74 mln in 1985.
+  
+
diff --git a/reuters/training/3688 b/reuters/training/3688
new file mode 100644
index 0000000000000000000000000000000000000000..ff6b997ebf2bd56ffd835fea3e6940a3d8d1df6e
--- /dev/null
+++ b/reuters/training/3688
@@ -0,0 +1,15 @@
+NATWEST, RABO UNIT REPORTS 8.8 PCT PROFIT GROWTH
+  Dutch bank F. Van
+  Lanschot Bankiers N.V., Co-owned by National Westminster PLC
+  <NWBL.L> and RABOBANK B.A. <RABN.A> , said 1986 net profit rose
+  8.8 pct to 24.1 mln guilders on a 4.8-pct higher balance sheet
+  total of 6.2 billion.
+      Van Lanschot Bankiers is a subsidiary of Van Lanschot
+  Beleggingscompagnie B.V. In which Britain's National
+  Westminster Bank PLC and Dutch cooperative bank RABOBANK
+  Nederland B.A. Each have a 40-pct stake. Commercial Union's
+  Dutch insurance unit <Delta Lloyd Verzekeringsgroep N.V.> has a
+  5.4-pct stake in Van Lanschot, which lowered risk provisions to
+  22.5 mln guilders.
+  
+
diff --git a/reuters/training/369 b/reuters/training/369
new file mode 100644
index 0000000000000000000000000000000000000000..d84f424a17093e7cb9187dfb9aaf2d24f26ea72a
--- /dev/null
+++ b/reuters/training/369
@@ -0,0 +1,15 @@
+PENRIL <PNL> SEEKS TO SELL TWO UNITS
+  Penril Corp said it is seeking to
+  sell its Triplett Electrical Instrument Corp subsidiary in
+  Bluffton, Ohio, and Triplett's Alltest division in Hoffman
+  Estates, Ill., as part of a plan to concentrate on its three
+  profitable division and reduce its debt load.
+      The company also said it is evaluating a plan to satisfy
+  its obligations under its 10-7/8 pct subordinated notes but
+  gave no details.  Interest on the notes is due today.
+      Penril further said director Clifford L. Alexander Jr. has
+  resigned from the board.  It gave no reason.
+      Penril said shareholders at the annual meeting approved the
+  limitation of directors' liability.   
+  
+
diff --git a/reuters/training/3690 b/reuters/training/3690
new file mode 100644
index 0000000000000000000000000000000000000000..edb27df25773775f8e0456d6262cdd191f4fd3dd
--- /dev/null
+++ b/reuters/training/3690
@@ -0,0 +1,13 @@
+LICHT SEES RISE IN EUROPEAN BEET AREA: TRADE
+  West German sugar statistician F.O.
+  Licht estimates European beet plantings this year at 7.22 mln
+  hectares compared with a revised 1986 figure of 7.21 mln,
+  traders said.
+      In its first estimate for 1987, it puts EC plantings at
+  1.85 mln hectares compared with 1.89 mln in 1986, while it
+  estimates sowings in Western Europe (including EC) at 2.49 mln
+  hectares compared with 2.50 mln in 1986.
+      Traders said Licht forecasts Eastern Europe plantings at
+  4.73 mln hectares against 4.72 mln in 1986.
+  
+
diff --git a/reuters/training/3694 b/reuters/training/3694
new file mode 100644
index 0000000000000000000000000000000000000000..9cd2d18024334660f5ef075aa31adf1d8eabfbe6
--- /dev/null
+++ b/reuters/training/3694
@@ -0,0 +1,13 @@
+FED EXPECTED TO ADD RESERVES
+  The Federal Reserve is expected to
+  intervene in the government securities market to add temporary
+  reserves via customer or system repurchase agreements,
+  economists said.
+      Most economists said the Fed will inject reserves
+  indirectly via customer repurchases, but they added that the
+  Fed might opt for a direct injection of reserves via overnight
+  system repurchases.
+      Federal funds opened at 6-3/8 pct and eased to 6-5/16 pct
+  in early trading. Funds averaged 6.29 pct yesterday.
+  
+
diff --git a/reuters/training/3695 b/reuters/training/3695
new file mode 100644
index 0000000000000000000000000000000000000000..99d8a84f8e616720474cc3f75df62a1b93ed5a2e
--- /dev/null
+++ b/reuters/training/3695
@@ -0,0 +1,12 @@
+BEN AND JERRY'S HOMEMADE INC <BJIC> 4TH QTR NET
+  Shr 10 cts vs two cts
+      Net 163,832 vs 31,063
+      Sales 5,434,430 vs 3,167,735
+      Avg shrs 1,712,231 vs 1,533,277
+      Year
+      Shr 59 cts vs 41 cts
+      Net 1,016,375 vs 550,625
+      Sales 19.7 mln vs 9,755,018
+      Avg shrs 1,710,256 vs 1,327,172
+  
+
diff --git a/reuters/training/3697 b/reuters/training/3697
new file mode 100644
index 0000000000000000000000000000000000000000..a98d0e8ce11207b2a6c7bf78abde3d9af58531b4
--- /dev/null
+++ b/reuters/training/3697
@@ -0,0 +1,12 @@
+BONNEVILLE PACIFIC CORP <BPCO> 3RD QTR JAN 31
+  Shr 52 cts vs 41 cts
+      Net 4,921,601 vs 3,157,070
+      Revs 35.8 mln vs 31.7 mln
+      Avg shrs 8,939,955 vs 7,600,000
+      Nine mths
+      Shr 52 cts vs 34 cts
+      Net 4,604,406 vs 2,585,621
+      Revs 36.0 mln vs 32.1 mln
+      Avg shrs 8,939,955 vs 7,600,000
+  
+
diff --git a/reuters/training/3699 b/reuters/training/3699
new file mode 100644
index 0000000000000000000000000000000000000000..7da9a6ad387d0e16f0b1eb0d0032f1c36447db46
--- /dev/null
+++ b/reuters/training/3699
@@ -0,0 +1,24 @@
+JC PENNEY <JCP> UP ON SMITH BARNEY OPINION
+  J.C. Penney Co's stock rose sharply 
+  after analyst William Smith of Smith Barney recommended the
+  stock, based on the company's strong earnings momentum and the
+  possibility of a stock buyback, dividend hike or stock split,
+  traders said.
+      "I am very impressed with the strong basic earnings story,"
+  analyst Smith said, noting that the company has "fine tuned its
+  buying and inventories, and has admirably controlled costs in a
+  time that they needed to."
+      The stock jumped 2-1/2 to 98-3/4.
+      Smith said the company ended 1986 with a strong cash
+  position of about 639 mln dlrs as compared to 158 mln dlrs the
+  year before. "This implies the possibility of a share buyback,
+  or significant dividend increase or a stock split," he said.
+      In addition, he said the company has been gradually
+  adjusting its merchandise mix and its gross margins have been
+  improving.
+      Smith expects the company to earn 8.25-to-8.50 dlrs a share
+  in 1987 as compared to the 7.06 dlrs a share earned last year.
+  Last year's results include a 69 cent charge for the buyback of
+  debt.
+  
+
diff --git a/reuters/training/37 b/reuters/training/37
new file mode 100644
index 0000000000000000000000000000000000000000..17932192dc4e782aff9a4c46f632744074014fdb
--- /dev/null
+++ b/reuters/training/37
@@ -0,0 +1,13 @@
+COMPUTER LANGUAGE RESEARCH IN <CLRI> 4TH QTR
+  Shr loss 22 cts vs loss 18 cts
+      Net loss 3,035,000 vs loss 2,516,000
+      Revs 20.9 mln vs 19.6 mln
+      Qtly div three cts vs three cts prior
+      Year
+      Shr profit two cts vs profit 34 cts
+      Net profit 215,000 vs profit 4,647,000
+      Revs 93.4 mln vs 98.7 mln
+      NOTE: Dividend payable April one to shareholders of record
+  March 17.
+  
+
diff --git a/reuters/training/3701 b/reuters/training/3701
new file mode 100644
index 0000000000000000000000000000000000000000..b2a9617dfd29129ce2ab55b01ec9811f3a27abb3
--- /dev/null
+++ b/reuters/training/3701
@@ -0,0 +1,17 @@
+GERMAN SUGAR OFFERS PUT AT ABOUT 100,000 TONNES
+  The West German intervention board said
+  about 100,000 tonnes of sugar have been offered into
+  intervention so far.
+      A spokesman, speaking from Frankfurt, told Reuters offers
+  have increased recently but contracts have not yet been
+  concluded. A European Commission spokesman in Brussels earlier
+  confirmed that one mln tonnes of sugar had been offered to
+  intervention boards in various member states. The intervention
+  board spokesman in Frankfurt said, "One million tonnes is an
+  awful lot and the Community's coffers are almost empty. This
+  could turn into a serious political problem."
+      West German trade sources said they believed the one mln
+  tonne offer by the EC sugar industry into intervention would
+  have a neutral market impact overall.
+  
+
diff --git a/reuters/training/3702 b/reuters/training/3702
new file mode 100644
index 0000000000000000000000000000000000000000..06f4cc215a7979cb37dde47227da05a7d13bed35
--- /dev/null
+++ b/reuters/training/3702
@@ -0,0 +1,8 @@
+BANKERS TRUST CO RAISES BROKER LOAN RATE
+  Bankers Trust Co said it raised its
+  broker loan rate to 7-1/4 pct from seven pct, effective
+  immediately.
+      U.S. Trust Co, which also quotes its broker loan rate
+  publicly, is posting a 7-1/2 pct rate.
+  
+
diff --git a/reuters/training/3704 b/reuters/training/3704
new file mode 100644
index 0000000000000000000000000000000000000000..8b9e50299babecc14199c2b3440ff0ed2a38fa6e
--- /dev/null
+++ b/reuters/training/3704
@@ -0,0 +1,22 @@
+SIGMA MINES DETAILS GOLD ORE RESERVES
+  <Sigma Mines (Quebec) Ltd>, 65 pct
+  owned by Dome Mines Ltd, said its Sigma Mine had proven and
+  probable reserves at the end of 1986 of 4,902,940 tons, with an
+  average grade of 0.139 ounces of gold a ton.
+      Sigma said the reserves are equivalent to 10 years future
+  production at current milling rates.
+      The reserves comprise 1,640,779 tons proven reserves
+  grading an average of 0.163 ounces of gold a ton and 3,262,161
+  tons probable reserves grading an average of 0.127 ounces of
+  gold a ton.
+      Sigma said it changed its 1986 reserve reporting method
+  following Dome Mines' previously reported move to adopt general
+  industry practice of reporting proven and probable ore
+  reserves.
+      Prior to 1986, Sigma conservatively reported only proven
+  reserves that could be mined without future development costs.
+      Proven reserves as of December 31, 1985 were 978,000 tons
+  grading an average of 0.194 ounces of gold a ton, equivalent to
+  about two years future production.
+  
+
diff --git a/reuters/training/3707 b/reuters/training/3707
new file mode 100644
index 0000000000000000000000000000000000000000..76e7b7436dfb32a5cd85b2dc1aa94089b3e6fc69
--- /dev/null
+++ b/reuters/training/3707
@@ -0,0 +1,11 @@
+MOORE MCCORMACK <MMC> TO SELL GLOBE UNIT
+  Moore McCormack Resources Inc said it
+  agreed in principle to sell its Globe Metallurgical Inc unit to
+  Cyprus Minerals Co <CYPM> for undisclosed terms.
+      The sale, expected to close by mid-April, is subject to
+  certain conditions, including board approval at both companies.
+      Globe produces silicon metals and magnesium ferrosilicon.
+  The products are used in the chemical, aluminum, iron, rubber
+  and semiconductor industries.
+  
+
diff --git a/reuters/training/3708 b/reuters/training/3708
new file mode 100644
index 0000000000000000000000000000000000000000..e000d4dc632c68f0afcade9797c94c23ee83e220
--- /dev/null
+++ b/reuters/training/3708
@@ -0,0 +1,13 @@
+U.S. HOSUING COMPLETIONS FELL 0.2 PCT IN JANUARY
+  U.S. Completions of new homes fell
+  0.2 pct in January to a seasonally adjusted rate of 1.884 mln
+  units from 1.888 mln in December, the Commerce Department said.
+      The January fall came after a strong 6.4 pct rise from
+  November's rate of 1.774 mln units and brought completions to
+  6.7 pct above the January, 1986 level of 1.765 mln units.
+      In January, completions of single-family units rose 0.4 pct
+  to a seasonally adjusted 1.183 mln units from 1.178 mln units
+  in December while multi-family units fell 1.3 pct to 701,000
+  units in January, the department said.
+  
+
diff --git a/reuters/training/371 b/reuters/training/371
new file mode 100644
index 0000000000000000000000000000000000000000..dd7a6d9dc0733299132861a72d89705163b06a7a
--- /dev/null
+++ b/reuters/training/371
@@ -0,0 +1,16 @@
+<DALE BURDETT INC> FACES DAMAGE CLAIM
+  Dale Burdett Inc said it
+  faces damages claims totalling about 420,000 dlrs from the
+  former owners of Burdett Publications Inc.
+      The company said on February 20, 1986, its predecessor
+  Nolex Development Inc acquired Burdett Publications Inc in an
+  exchange of 17 mln common shares for all Burdett Publications
+  shares, but the transaction was not qualified with the
+  California Department of Corporations.
+      As a result, it said, the former Burdett Publications
+  owners have a claim for damages against Dale Burdett as
+  successor to Nolex for one yuear starting January 21, 1987,
+  with the damages measured by the difference in values of shares
+  exchanged plus interest from February 20, 1986.
+  
+
diff --git a/reuters/training/3711 b/reuters/training/3711
new file mode 100644
index 0000000000000000000000000000000000000000..ea1f90f10eeed65115ebeb1f61b2da543f5d195e
--- /dev/null
+++ b/reuters/training/3711
@@ -0,0 +1,31 @@
+U.S. JUSTICE DEPARTMENT REVIEWS ICAHN USAIR FILING
+  The U.S. Department of Justice (DOJ)
+  is reviewing whether Trans World Airlines Inc <TWA> and
+  Chairman Carl Icahn violated federal antitrust law by failing
+  to seek advance clearance from the DOJ or the Federal Trade
+  Commission for his extensive open-market purchases of USAir
+  Group Inc <U> stock, a DOJ official told a Senate panel.
+      "This is a matter that is being looked into," Charles Rule,
+  acting assistant attorney general-antitrust, told the Senate
+  Judiciary Committee's Antitrust Subcommittee.
+      Rule declined further comment while the review was
+  continuing.
+      Rule was responding to panel Chairman Howard Metzenbaum
+  (D-Ohio), who had asked why the department was not acting
+  against "what appears to be a clear violation of the law."
+      Metzenbaum said Icahn had failed to file a pre-merger
+  notification form with the FTC prior to purchasing more than 15
+  mln dlrs' worth of USAir stock.
+      But Rule said that, for airline companies, a purchaser
+  would be exempt from the requirement if it instead had filed a
+  merger application with the U.S. Department of Transportation.
+      Icahn filed such an application with the DOT, but the
+  filing was thrown out by the DOT on Friday.
+      The DOT threw out the application late Friday on grounds it
+  lacked the necessary data for the government to review the
+  proposed USAir takeover bid.
+      Icahn refiled a more complete application form Monday.
+      Rule pledged to act against Icahn and TWA if a violation
+  were found.
+  
+
diff --git a/reuters/training/3713 b/reuters/training/3713
new file mode 100644
index 0000000000000000000000000000000000000000..2e0656602ab68b10288d34c51e5b39ecaf865568
--- /dev/null
+++ b/reuters/training/3713
@@ -0,0 +1,12 @@
+T CELL SCIENCES INC <TCEL> 3RD QTR JAN 31 LOSS
+  Shr loss one ct vs loss 16 cts
+      Net loss 117,989 vs loss 528,394
+      Revs 820,484 vs 35,186
+      Avg shrs 8,226,577 vs 3,150,000
+      Nine mths
+      Shr loss seven cts vs loss 37 cts
+      Net loss 527,864 vs loss 1,177,434
+      Revs 1,975,487 vs 90,875
+      Avg shrs 7,277,418 vs 3,150,000
+  
+
diff --git a/reuters/training/3717 b/reuters/training/3717
new file mode 100644
index 0000000000000000000000000000000000000000..48d5f86b61dfda09150df43a545e4c59a3a0a4c9
--- /dev/null
+++ b/reuters/training/3717
@@ -0,0 +1,10 @@
+DUTCH ADJUSTED UNEMPLOYMENT UNCHANGED IN FEBRUARY
+  Dutch seasonally-adjusted
+  unemployment totalled 690,600 people in February, unchanged
+  from January but down from 732,700 in February 1986, a Social
+  Affairs Ministry spokesman said.
+      The unadjusted figure stood at 708,700 at the end of last
+  month, a decline of 3,800 from the January total of 712,500 and
+  comparing with 750,000 at the end of February last year.
+  
+
diff --git a/reuters/training/372 b/reuters/training/372
new file mode 100644
index 0000000000000000000000000000000000000000..d83fd24dc52761dd18476377f77c3eb1cd84332d
--- /dev/null
+++ b/reuters/training/372
@@ -0,0 +1,57 @@
+PUROLATOR <PCC> IN BUYOUT WITH HUTTON <EFH>
+  New Jersey-based overnight messenger
+  Purolator Courier Corp said it has agreed to be acquired for
+  about 265 mln dlrs by a company formed by E.F. Hutton LBO Inc
+  and certain managers of Purolator's U.S. courier business.
+      Analysts have said that Purolator has been for sale for
+  some time. Purolator announced earlier it was mulling a
+  takeover bid, but analysts wrongly predicted the offer was from
+  another courier company.
+      Hutton LBO, a wholly owned subsidiary of E.F. Hutton Group
+  Inc, will be majority owner of the company.
+      Hutton said the acquiring company, PC Acquisition Inc, is
+  paying 35 dlrs cash per share for 83 pct of Purolator's stock
+  in a tender offer to begin Thursday. The rest of the shares
+  will be purchased for securities and warrants to buy stock in a
+  subsidiary of PC Acquisition, containing Purolator's U.S.
+  courier operations.
+      If all the shares of Purolator are tendered, shareholders
+  would receive for each share 29 dlrs cash, six dlrs in
+  debentures, and a warrant to buy shares in a subsidiary of PC
+  Acquisition containing the U.S. courier operations.
+      Hutton said in the merger shareholders would get 46 mln
+  dlrs aggregate amount of guaranteed debentures due 2002 of PC
+  Acquisition and warrants to buy 15 pct of the common stock of
+  the PC courier subsidiary. Hutton said the company has valued
+  the warrants at two to three dlrs per share.
+      Purolator's stock price closed at 35.125 dlrs on Friday.
+  While some analysts estimated the company was worth in the mid
+  30s, at least one said it would be worth 38 to 42 dlrs.
+      This follows sales of two other Purolator units. It agreed
+  recently to sell its Canadian Courier unit to Onex Capital for
+  170 mln dlrs, and previously sold its auto filters business.
+      Purolator retains its Stant division, which makes closure
+  caps for radiators and gas tanks. A Hutton spokesman said the
+  firm is reviewing its options on Stant.
+      Purolator's courier business has been lagging that of its
+  U.S. rivals because of the high price it paid in the past
+  several years to add air delivery to its ground fleet.
+      E.F. Hutton will provide 279 mln dlrs of its funds to
+  complete the transaction. This so-called "bridge" financing
+  will be replaced later with long-term debt most likely in the
+  form of bank loans, Hutton said. Hutton LBO is committed to
+  keeping the courier business, its president Warren Idsal said.
+      "Purolator lost 120 mln dlrs over the last two years
+  largely due to U.S. courier operations, which we believe the
+  management is turning around. We belive it will be a very
+  serious competitor in the future," said Idsal.
+      William Taggart, chief executive officer of U.S. Courier
+  division, will be chief executive officer of the new company.
+      The tender offer will be conditioned on a minimum of two
+  thirds of the common stock being tendered and not withdrawn to
+  the expiration of the offer as well as certain other conditions.
+      The offer will begin Thursday, subject to clearances from
+  the staff of the Interstate Commerce Commission and will expire
+  20 business days after commencement unless extended.
+  
+
diff --git a/reuters/training/3720 b/reuters/training/3720
new file mode 100644
index 0000000000000000000000000000000000000000..f6d77b0f6c923b3e5b3a87d523f15964b7127673
--- /dev/null
+++ b/reuters/training/3720
@@ -0,0 +1,13 @@
+U.S. HOUSING COMPLETIONS FELL 0.2 PCT IN JAN
+  Completions of new homes fell 0.2
+  pct in January to a seasonally adjusted rate of 1.884 mln units
+  from 1.888 mln in December, the Commerce Department said.
+      The January fall came after a strong 6.4 pct rise from
+  November's rate of 1.774 mln units and brought completions to
+  6.7 pct above the January, 1986, level of 1.765 mln units.
+      In January, completions of single-family units rose 0.4 pct
+  to a seasonally adjusted 1.183 mln units from 1.178 mln units
+  in December while multi-family units fell 1.3 pct to 701,000
+  units in January, the department said.
+  
+
diff --git a/reuters/training/3721 b/reuters/training/3721
new file mode 100644
index 0000000000000000000000000000000000000000..d0465150092e3a820c5db109b96e38f6c2be3456
--- /dev/null
+++ b/reuters/training/3721
@@ -0,0 +1,13 @@
+MITCHELL ENERGY AND DEVELOPMENT CORP <MND> NET
+  4th qtr Jan 31
+      Shr five cts vs 28 cts
+      Net 2,448,000 vs 13.3 mln
+      Revs 156.1 mln vs 225.5 mln
+      Avg shrs 47.3 mln vs 47.8 mln
+      Year
+      Shr 18 cts vs 1.01 dlrs
+      Net 8,430,000 vs 48.2 mln
+      Revs 587.9 mln vs 843.9 mln
+      Avg shrs 47.4 mln vs 47.9 mln
+  
+
diff --git a/reuters/training/3723 b/reuters/training/3723
new file mode 100644
index 0000000000000000000000000000000000000000..4db99703affca94cc819c397d609ad01dd722024
--- /dev/null
+++ b/reuters/training/3723
@@ -0,0 +1,13 @@
+U.S. HOUSING COMPLETIONS FELL 0.2 PCT IN JANUARY
+  U.S. Completions of new homes fell
+  0.2 pct in January to a seasonally adjusted rate of 1.884 mln
+  units from 1.888 mln in December, the Commerce Department said.
+      The January fall came after a strong 6.4 pct rise from
+  November's rate of 1.774 mln units and brought completions to
+  6.7 pct above the January, 1986 level of 1.765 mln units.
+      In January, completions of single-family units rose 0.4 pct
+  to a seasonally adjusted 1.183 mln units from 1.178 mln units
+  in December while multi-family units fell 1.3 pct to 701,000
+  units in January, the department said.
+  
+
diff --git a/reuters/training/3729 b/reuters/training/3729
new file mode 100644
index 0000000000000000000000000000000000000000..93e9e64a64d3ecb625ed98b2025a693f196eceee
--- /dev/null
+++ b/reuters/training/3729
@@ -0,0 +1,5 @@
+FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+
+  FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+  
+
diff --git a/reuters/training/3730 b/reuters/training/3730
new file mode 100644
index 0000000000000000000000000000000000000000..55837e217819a09b7ff00d11474f4b23d3914e97
--- /dev/null
+++ b/reuters/training/3730
@@ -0,0 +1,12 @@
+GROUNDWATER TECHNOLOGY INC <GWTI> 3RD QTR JAN 31
+  Shr 19 cts vs 12 cts
+      Net 850,000 vs 432,000
+      Sales 9,850,000 vs 4,783,000
+      Avg shrs 4,504,000 vs 3,527,000
+      Nine mths
+      Shr 57 cts vs 37 cts
+      Net 2,400,000 vs 1,281,000
+      Sales 25.2 mln vs 12.8 mln
+      Avg shrs 4,233,000 vs 3,485,000
+  
+
diff --git a/reuters/training/3734 b/reuters/training/3734
new file mode 100644
index 0000000000000000000000000000000000000000..98a3fd63591367c31d2c4a115db83da84449fd85
--- /dev/null
+++ b/reuters/training/3734
@@ -0,0 +1,6 @@
+SEVEN OAKS INTERNATIONAL INC <QPON> IN PAYOUT
+  Qtly div four cts vs four cts prior
+      Pay April 15
+      Record March 23
+  
+
diff --git a/reuters/training/3735 b/reuters/training/3735
new file mode 100644
index 0000000000000000000000000000000000000000..18e776a49b8b9f1b94cb7d306ebe2f8c78109c89
--- /dev/null
+++ b/reuters/training/3735
@@ -0,0 +1,9 @@
+FED ADDS RESERVES VIA CUSTOMER REPURCHASES
+  The Federal Reserve entered the U.S.
+  Government securities market to arrange two billion dlrs of
+  customer repurchase agreements, a Fed spokesman said.
+      Dealers said Federal funds were trading at 6-5/16 pct when
+  the Fed began its temporary and indirect supply of reserves to
+  the banking system.
+  
+
diff --git a/reuters/training/3737 b/reuters/training/3737
new file mode 100644
index 0000000000000000000000000000000000000000..e90b53175016e5dbf50b1ee6786d0c7e15e030f8
--- /dev/null
+++ b/reuters/training/3737
@@ -0,0 +1,10 @@
+CHINA BUYS U.S. HARD AND SOFT WHEAT
+  Private exporters said China bought a
+  total of 550,000 tonnes of U.S. wheat under the export
+  enhancement program, with final confirmation by the U.S.
+  Department of Agriculture of the subsidies still awaited.
+      The purchase consisted of a total of 340,000 tonnes of hard
+  red winter wheat for various May/Aug shipments, with 210,000
+  tonnes of soft red winter for Aug/Sept, the exporters said.
+  
+
diff --git a/reuters/training/3738 b/reuters/training/3738
new file mode 100644
index 0000000000000000000000000000000000000000..d5e6d1e9ed87372861757b9776a83d2ebbc1975e
--- /dev/null
+++ b/reuters/training/3738
@@ -0,0 +1,9 @@
+PROPERTY TRUST OF AMERICA <PTRAS> YEAR NET
+  Ope shr 63 cts vs 80 cts
+      Oper net 3,169,000 vs 3,757,000
+      Revs 9,585,000 vs 10.2 mln
+      Avg shrs 5,070,000 vs 4,721,000
+      NOTE: Net excludes gains from sale of investments of
+  887,000 dlrs vs 304,000 dlrs.
+  
+
diff --git a/reuters/training/374 b/reuters/training/374
new file mode 100644
index 0000000000000000000000000000000000000000..2c29dff199066aa167de4afcd03c12ebec21f890
--- /dev/null
+++ b/reuters/training/374
@@ -0,0 +1,20 @@
+PAKISTAN COTTON OUTPUT REACHES 7.7 MLN BALES
+  Pakistan cotton production during the
+  current crop season (Sept/March) reached 7.7 mln bales of 375
+  pounds each, up 500,000 from last season, Shafi Niaz, Chairman
+  of the Agricultural Prices Commission, said.
+      Official sources said Pakistan was likely to use 3.4 mln
+  bales of cotton during the current financial year ending June
+  after 2.96 mln in 1985/86 and 2.70 mln in 1984/85.
+      They said consumption would increase due to a rise in
+  demand for cotton yarn in domestic markets and abroad. Pakistan
+  produced 540 mln kilos of yarn in fiscal year 1985/86 and
+  exported 157 mln.
+      The State-owned cotton export corporation was likely to
+  export 3.8 mln bales of cotton during the current fiscal year
+  compared with 3.86 mln last year, cotton traders said.
+      The traders said there would be 1.3 mln bales of cotton
+  carryover this fiscal year compared with just over a mln bales
+  last year.
+  
+
diff --git a/reuters/training/3740 b/reuters/training/3740
new file mode 100644
index 0000000000000000000000000000000000000000..4cf714b6066b7d950fa77fe8a693a525ba018ae0
--- /dev/null
+++ b/reuters/training/3740
@@ -0,0 +1,15 @@
+CHI-CHI'S INC <CHIC> 3RD QTR JAN 31 LOSS
+  Shr loss 38 cts vs profit eight cts
+      Net loss 10.4 mln vs profit 2,144,317
+      Revs 72.9 mln vs 67.4 mln
+      Nine mths
+      Shr loss 21 cts vs profit 38 cts
+      Net loss 5,747,393 vs profit 10.1 mln
+      Revs 224.6 mln vs 200.6 mln
+      NOTE: Current year net both periods includes 20.0 mln dlr
+  pretax charge for disposition of 21 underperforming
+  company-owned restaurants.
+      Current year net includes tax credits of 3,205,000 dlrs in
+  quarter and 7,305,000 dlrs in year.
+  
+
diff --git a/reuters/training/3741 b/reuters/training/3741
new file mode 100644
index 0000000000000000000000000000000000000000..607f7c3aa7f1f03179dbead12f308c7aca51292d
--- /dev/null
+++ b/reuters/training/3741
@@ -0,0 +1,5 @@
+CHEMLAWN CORP SAID IT IS TALKING WITH NEW SUITORS ABOUT BEING ACQUIRED
+
+  CHEMLAWN CORP SAID IT IS TALKING WITH NEW SUITORS ABOUT BEING ACQUIRED
+  
+
diff --git a/reuters/training/3742 b/reuters/training/3742
new file mode 100644
index 0000000000000000000000000000000000000000..d3b8abd6f5f50cada469063483439ca50d194484
--- /dev/null
+++ b/reuters/training/3742
@@ -0,0 +1,19 @@
+CHI-CHI'S <CHIC> TAKES 20 MLN DLR CHARGE
+  Chi-Chi's Inc said it has taken
+  a 20 mln dlr pretax charge against earnings for the third
+  quarter ended January 31 to cover the cost of disposing of 21
+  "underperforming" company-owned restaurants.
+      The company also said it has agreed to repurchase up to
+  three mln common shares on the open market.
+      The company now has about 27.1 mln shares outstanding.
+      Chi-Chi's today reported a loss for the third quarter ended
+  January 31, after the pretax charge and a 7,305,000 dlr tax
+  credit, of 10.4 mln dlrs, compared with a year-earlier profit
+  of 2,144,317 dlrs.
+      Chi-Chi's said it believes the disposition of the
+  restaurants has the potential of increasing its pretax earnings
+  by about two mln dlrs next fiscal year.
+      The company said it will use existing cash resources for
+  the share repurchases.
+  
+
diff --git a/reuters/training/3743 b/reuters/training/3743
new file mode 100644
index 0000000000000000000000000000000000000000..b2b835b909da6d96cfb5b566602ec1445a767a70
--- /dev/null
+++ b/reuters/training/3743
@@ -0,0 +1,24 @@
+DUPONT <DD> UP ON RECOMMENDATIONS
+  Shares of Du Pont Co rose today after
+  accumulating recommendations from Shearson Lehman Brothers and
+  First Boston, traders said.
+      Du Pont, which opened with a two point gain, stood at
+  109-1/8, up 1-1/8.
+      First Boston's analyst was not available for comment.
+      Analyst Theodore Semegran of Shearson said he raised his
+  earnings estimates for the company to 7.25 dlrs a share in 1987
+  and eight dlrs a share in 1988. The company earned 6.35 dlrs a
+  share in 1986.
+      "Good domestic demand, higher operating earnings and a
+  strng export business, probably benefitting from a lower dollar
+  and effects of reduced imports in chemicals will continue to
+  aid Du Pont." He also noted that energy earnings in the first
+  quarter are better than expected because of the rise in crude
+  prices. Semegran expects first quarter earnings
+  of about 1.85 dlrs a share from 1.67 dlrs last year.
+      He also expects the company to raise its annual dividend
+  about 20 to 30 cts a share, from its current dividend of 3.20
+  dlrs a share, "and a stock split is possible but it has a low
+  probablility."
+  
+
diff --git a/reuters/training/3744 b/reuters/training/3744
new file mode 100644
index 0000000000000000000000000000000000000000..4e10bcf3e505c3856b8aea6f8d6f11b5cef1d104
--- /dev/null
+++ b/reuters/training/3744
@@ -0,0 +1,10 @@
+CHEMLAWN <CHEM> IN TALKS ON BEING ACQUIRED
+  ChemLawn Corp said it has
+  started talks on the possible sale of the company with "various
+  parties" that it did not identify.
+      The company said the talks began after it considred and
+  rejected Waste Management Inc's <WMX> 27 dlr per share tender
+  offer for all its sharesd.
+      ChemLawn gave no details on the talks.
+  
+
diff --git a/reuters/training/3747 b/reuters/training/3747
new file mode 100644
index 0000000000000000000000000000000000000000..c2280a7522f379da924ab3e674d8300bedd6378c
--- /dev/null
+++ b/reuters/training/3747
@@ -0,0 +1,14 @@
+SHV WITHDRAWS IC GAS OFFER
+  SHV Holdings NV said it is
+  withdrawing its take-over bid for Imperial Continental Gas
+  Association <ICGS.L> after failing to gain the minimum number
+  of pledges sought from IC Gas shareholders.
+      SHV said in a statement it had sought to gain 750,000 IC
+  Gas shares under a 700p offer for IC Gas ordinary stock but was
+  informed that level was not reached when the deadline expired.
+  "The tender offer is therefore void," it said.
+       SHV also offered 252 pence for every one stg nominal of IC
+  Gas loan stock under the bid, made by <SHV (United Kingdom)
+  Holding Co Ltd>.
+  
+
diff --git a/reuters/training/3748 b/reuters/training/3748
new file mode 100644
index 0000000000000000000000000000000000000000..82baaab358db5435feb72cddd8c841d5db014f6b
--- /dev/null
+++ b/reuters/training/3748
@@ -0,0 +1,24 @@
+PROGRESS AT RUBBER PACT TALKS REPORTED SLOW
+  Negotiators at a United Nations
+  conference on natural rubber are making slow progress towards
+  reaching an agreement, delegates said.
+      The conference, which began Monday, is widely seen as the
+  final effort to adopt a new International Natural Rubber
+  Agreement (INRA) before the current one expires in October.
+      Some 40 producing and consuming countries are taking part
+  in the two-week meeting. This is the fourth such conference in
+  nearly two years.
+      Delegates said both sides still appeared divided on the key
+  issue of the price adjustment mechanism.
+      Consumers want frequent price reviews at 12 month intervals
+  instead of 18 months as at present, a proposal currently
+  rejected by producers.
+      And while consumers press for the price adjustment to be
+  automatic, producers have resisted reducing the role of the
+  International Rubber Organization Council in the price
+  adjustment procedure.
+      Conference chairman Manaspas Xuto of Thailand has said it
+  was "imperative" to settle outstanding issues this week so that
+  technical drafting work can be done next week.
+  
+
diff --git a/reuters/training/3750 b/reuters/training/3750
new file mode 100644
index 0000000000000000000000000000000000000000..8007a423f56ea7eb0e18e254459173b86782e451
--- /dev/null
+++ b/reuters/training/3750
@@ -0,0 +1,32 @@
+LORD ABBETT AND CO DECLARES MUTUAL FUND DIVS
+  LORD ABBETT VALUE APPRECIATION FUND
+      Annual div 33 cts vs 23 cts prior
+      Long term capital gain 2.06 vs 75 cts prior
+      Short term capital gain 18 cts vs 11 cts prior
+      Pay April 6
+      Record March 12
+      
+      LORD ABBETT U.S. GOVERNMENT SECURITIES FUND
+      Daily div .029 cts vs .029 cts prior
+      Pay April 15
+      Record April 15
+      LORD ABBETT TAX FREE INCOME NATIONAL SERIES
+      Daily .068 cts vs .068 prior
+      Pay April 15
+      Record April 15
+      
+      LORD ABBETT TAX FREE INCOME FUND NY SERIES
+      Daily .067 cts vs .067 cts prior
+      Pay April 15
+      Record April 15
+      
+      LORD ABBETT TAX FREE INCOME FUND TEXAS SERIES
+      Daily .059 cts vs .059 cts prior
+      Pay April 15
+      Record April 15
+      LORD ABBETT CALIFORNIA TAX FREE INCOME FUND
+      Daily .062 vs .063 cts prior
+      Pay April 15
+      Record April 15
+  
+
diff --git a/reuters/training/3751 b/reuters/training/3751
new file mode 100644
index 0000000000000000000000000000000000000000..e6f4c4652e5df2c1dacf987e31c77d5c9987a0b2
--- /dev/null
+++ b/reuters/training/3751
@@ -0,0 +1,9 @@
+<ASSOCIATES CORP OF NORTH AMERICA> 1ST QTR NET
+  Qtr ended Jan 31
+      Net 55.3 mln dlrs vs 51.7 mln dlrs
+      Revs 419.1 mln vs 391.7 mln
+      Note: Revs include investment and other income of 18.4 mln
+  dlrs vs 18.5 mln dlrs.
+      Company is wholly owned by Gulf and Western Corp <GW>.
+  
+
diff --git a/reuters/training/3755 b/reuters/training/3755
new file mode 100644
index 0000000000000000000000000000000000000000..2f2318a97b05279b95276d853d2be7c5f1a69b30
--- /dev/null
+++ b/reuters/training/3755
@@ -0,0 +1,14 @@
+NEWPORT PHARMACEUTICALS <NWPH> 3RD QTR LOSS
+  Period ended January 31.
+      Shr loss six cts vs profit one ct
+      Net loss 536,000 vs profit 166,000
+      Revs 2,099,000 vs 3,149,000
+      Avg shrs 10,429,000 vs 9,943,000
+      Nine Mths
+      Shre loss nine cts vs loss five cts
+      Net loss 790,000 vs loss 377,000
+      Revs 7,089,000 vs 7,646,000
+      Avg shrs 10,406,000 vs 9,351,000
+      Note: Full name Newport Pharmaceuticals International Inc.
+  
+
diff --git a/reuters/training/3757 b/reuters/training/3757
new file mode 100644
index 0000000000000000000000000000000000000000..4f7a48d60ea290aa467ff76953036d533c39729a
--- /dev/null
+++ b/reuters/training/3757
@@ -0,0 +1,6 @@
+THE RAYMOND CORP <RAYM> DECLARES QTLY DIV
+  Qtly div 11-3/4 cts vs 11-3/4 cts prior
+      Pay March 27
+      Record March 13
+  
+
diff --git a/reuters/training/3758 b/reuters/training/3758
new file mode 100644
index 0000000000000000000000000000000000000000..6dda5f20bad2a18205a7b4df24af0ef0d57eaec4
--- /dev/null
+++ b/reuters/training/3758
@@ -0,0 +1,19 @@
+MITCHELL ENERGY <MND> AGAIN CUTS CAPITAL OUTLAYS
+  Mitchell Energy and
+  Development Corp said it plans to hold its capital spending in
+  fiscal 1988, ending January 31, to 96 mln dlrs, down from the
+  123 mln dlrs spent in 1987 and 213 mln dlrs in 1986.
+      The company also said its natural gas revenues so far this
+  year have been reduced by lower contract customer purchases due
+  to mild weather and soft economic conditions.
+      "But the contracts call for the lower 'takes' to be made up
+  during the course of the year," Mitchell Energy said. Meanwhile
+  it will sell additional quantities of gas on the spot market.
+      Mitchell Energy said the additional spot sales will tend to
+  lower the average price realized for gas in the early part of
+  fiscal 1988.
+      However, it said the average for the full year is not
+  expected to be significantly lower than the 2.99 dlrs per
+  thousand cubic feet averaged in fiscal 1987.                   
+  
+
diff --git a/reuters/training/3759 b/reuters/training/3759
new file mode 100644
index 0000000000000000000000000000000000000000..f998aae374cdf739544443e719f83347443063d5
--- /dev/null
+++ b/reuters/training/3759
@@ -0,0 +1,31 @@
+INVESTOR TO TAKE CONTROL OF RIVER OAKS <ROI>
+  River Oaks Industries Inc said
+  it agreed in principle to give control of the company to Benson
+  Seizer, a New York investor, in return for 2.6 mln dlrs in
+  capital.
+      The company, a maker of mobile homes, said it terminated
+  merger discussions with <Nursing Centers of America>.
+      River Oaks said it will place a 2.6 mln dlr convertible
+  note with Seizer, who in turn will name six additional members
+  to the company's five-member board. One of the new directors
+  will take over as chairman and chief executive officer, River
+  Oaks said.
+      River Oaks said the note will be convertible into two mln
+  shares of its common stock at one dlr a share. The company
+  currently has 14 mln shares outstanding.
+      The company said it will also grant Seizer an option to buy
+  an additional 2.6 mln shares during the next four years at 1.25
+  dlrs a share during the first year and 1.50 dlrs a share
+  thereafter.
+      The company said the money raised from Seizer will further
+  strengthen its balance sheet and enhance its ability to seek
+  selective expansion opportunities.
+      Seizer is experienced in turnaround situations and is
+  expected to take direct involvement in River Oaks management,
+  said Charles F. DeGroot, who will remain a director of the
+  company after giving up the post of chairman to one of Seizer's
+  board nominees.
+      Don Manning will cede his post as chief executive but will
+  remain president, the company said.
+  
+
diff --git a/reuters/training/376 b/reuters/training/376
new file mode 100644
index 0000000000000000000000000000000000000000..2e843b5f066b19995c4b53c7759c8cd8f49974ed
--- /dev/null
+++ b/reuters/training/376
@@ -0,0 +1,7 @@
+FINANCIAL SANTA BARBARA <FSB> TO MAKE PURCHASE
+  Financial Corp of Santa
+  Barbara said it has signed a definitive agreement to purchase
+  Stanwell Financial, the lending operations unit of mortgage
+  banking company <Stanwell Mortgage>, for undisclosed terms.
+  
+
diff --git a/reuters/training/3760 b/reuters/training/3760
new file mode 100644
index 0000000000000000000000000000000000000000..a4abc16e494e3cafb41d8ec87e8ae84c8a4b1701
--- /dev/null
+++ b/reuters/training/3760
@@ -0,0 +1,9 @@
+GEVAERT NV <GEVN.BR> 1986 YEAR
+  Consolidated group net profit 1.88 billion francs vs 1.29
+  billion.
+      Net financial and operating profit 1.11 billion vs 825.1
+  mln.
+      Extraordinary earnings 774.7 mln vs 462.8 mln.
+      Net dividend 165 francs vs 150.
+  
+
diff --git a/reuters/training/3762 b/reuters/training/3762
new file mode 100644
index 0000000000000000000000000000000000000000..cd2c1366d56a5b58986e55ba53415457714059b9
--- /dev/null
+++ b/reuters/training/3762
@@ -0,0 +1,88 @@
+NATIONAL SAVINGS MOVE POINTS TO LOWER U.K. RATES
+  U.K. Interest rates look set to move
+  lower even after Monday's half-point cut in bank base rates to
+  10-1/2 pct, analysts said, citing as evidence the suspension of
+  a British National Savings issue yesterday.
+      The Department of National Savings, effectively a Treasury
+  Department unit, yesterday suspended its 32nd issue, launched
+  in October and paying a high tax-free 8-3/4 pct on five-year
+  private investments between 25 and 5,000 stg. A spokesman said
+  the suspension was just a reaction to yields on national
+  savings bonds being way out of line with the rest of the
+  market.
+      The move was followed by a surprise sell-out within minutes
+  today of a Bank of England one-billion stg tap issue, the
+  second such issue in as many weeks, analysts noted.
+      They said the near-instant sale of the entire new gilts
+  issue, for which the Bank of England had required a high 40 pct
+  downpayment, was clear evidence that the market thought rates
+  had to drop sooner rather than later.
+      The sale of the tranche of 8-3/4 pct treasury bonds due
+  1997 occurred in an active, bullish gilts market as downward
+  pressure on money market rates remained intact, with the
+  bellwether three-month interbank rate down 1/8 point at
+  10-9-7/8 pct.
+       It coincided with another strong sterling rally which
+  pushed the pound to four-year highs against the dollar.
+      "That government stock disappeared very quickly indeed," said
+  Stephen Lewis, head of economic research at stockbrokers
+  Phillips and Drew; "It is an indication that the market believes
+  rates are going to fall further ... At least by a half-point
+  immediately after the budget (on March 17), and some people
+  hope for more."
+      Stockbrokers James Capel said in a comment the move by the
+  National Savings Department was "of considerable significance."
+      It said, "the real message ... Is that the decks are being
+  quickly cleared so as to facilitate a speedy decision by the
+  building societies to cut their rates when the inevitable cut
+  in bank base rates to 10 pct materialises."
+      Building societies have said a drop in bank base rates
+  would normally have to exceed half a point to give rise to a
+  reduction in mortgage lending rates.
+      Lewis of Phillips and Drew said he too believed the
+  National Savings issue suspension may reflect new U.K. Treasury
+  policy to point building societies towards a mortgage rate cut.
+      "National Savings has been competing too effectively with
+  the building societies of late. Building society income has
+  been depressed in recent months," he said.
+      He and other analysts said Chancellor of the Exchequer
+  Nigel Lawson was keen to see mortgage rates fall to keep a lid
+  on U.K. Inflation.
+      Underlying upward pressure on prices is stronger in Britain
+  than in most other Western economies with inflation seen rising
+  well above four pct this year and above five pct in 1988 after
+  last year's 3.7 pct.
+      Emphasising the impact of mortgage rates on consumer
+  prices, Lewis said a one-point cut in building society rates
+  would reduce inflation in Britain by about 0.4 pct.
+      But Lewis and others noted that building societies had been
+  complaining to the government about intense competition from
+  National Savings, which they argued reduced the scope for early
+  mortgage rate cuts.
+      "The Chancellor need not be worried about losing some PSBR
+  funding from National Savings, but he must be taking the
+  building societies' criticism to heart. It looks like the
+  National Savings move reflects this," one senior dealer said.
+      A Savings Department spokesman refused to comment on this
+  interpretation, saying the suspension of the issue was merely a
+  reaction to the recent fall in U.K. Interest rates, which had
+  pushed yields on national savings bonds way out of line with
+  the rest of the market.
+      "We are not politically motivated ... Funding was just
+  becoming too expensive and we don't need all that money," he
+  told Reuters, adding the department had suspended issues at
+  least twice in the past, when offered interest rates were above
+  or below market rates.
+      He said demand for the issue had risen sharply of late as
+  U.K. Money market rates continued their steady decline and
+  income was threatening to overshoot an unofficial three billion
+  stg target set for fiscal 1986 ending March 31.
+      In the first 10 months of fiscal 1986, National Saving's
+  contribution to government funding totalled 2.72 billion stg,
+  compared with 2.01 billion stg in the same period of the
+  previous year, official figures show.
+      Figures for February, out on Monday, are expected to show a
+  further increase of between 300 and 400 mln stg, pushing the
+  total for 11 months above target, government officials said.
+  
+
diff --git a/reuters/training/3763 b/reuters/training/3763
new file mode 100644
index 0000000000000000000000000000000000000000..35df2347acd926e5ad642ca831288f60cb26ee60
--- /dev/null
+++ b/reuters/training/3763
@@ -0,0 +1,6 @@
+NICOR INC <GAS> REGULAR DIVIDEND SET
+  Qtly div 45 cts vs 45 cts previously
+      Pay May 1
+      Record March 31
+  
+
diff --git a/reuters/training/3764 b/reuters/training/3764
new file mode 100644
index 0000000000000000000000000000000000000000..dc1ef61d45e4a4d43d1db4eaa14ff3915714ce17
--- /dev/null
+++ b/reuters/training/3764
@@ -0,0 +1,6 @@
+HANDLEMAN CO <HDL> SETS QUARTERLY
+  Qtly div 14 cts vs 14 cts prior
+      Pay April 10
+      Record March 27
+  
+
diff --git a/reuters/training/3765 b/reuters/training/3765
new file mode 100644
index 0000000000000000000000000000000000000000..bb8566bda410137e5beaaa9d9cf7b3c5c078809c
--- /dev/null
+++ b/reuters/training/3765
@@ -0,0 +1,6 @@
+PERINI CORP <PCR> SETS QUARTERLY
+  Qtly div 20 cts vs 20 cts prior
+      Pay June 16
+      Record May 22
+  
+
diff --git a/reuters/training/3766 b/reuters/training/3766
new file mode 100644
index 0000000000000000000000000000000000000000..822d5fe350d217348e8dc97782724a1c88a367e2
--- /dev/null
+++ b/reuters/training/3766
@@ -0,0 +1,5 @@
+JONES AND VINING SAID VULCAN CORP OFFERS FIVE DLRS A SHARE FOR JONES
+
+  JONES AND VINING SAID VULCAN CORP OFFERS FIVE DLRS A SHARE FOR JONES
+  
+
diff --git a/reuters/training/3768 b/reuters/training/3768
new file mode 100644
index 0000000000000000000000000000000000000000..858feac44bef6bffd16fd39688d4ac421aae2dc6
--- /dev/null
+++ b/reuters/training/3768
@@ -0,0 +1,21 @@
+INTERNATIONAL BANKNOTE CO INC <IBK> 4TH QTR LOSS
+  Oper shr loss 11 cts vs loss 14 cts
+      Oper net loss 1,963,000 vs loss 2,199,000
+      Revs 17.5 mln vs 40.9 mln
+      Year
+      Oper shr profit nine cts vs profit two cts
+      Oper net profit 1,555,000 vs 456,000
+      Revs 86.3 mln vs 143.7 mln
+      NOTE: Net excludes extraordinary tax charges of 115,000
+  dlrs vs 995,000 dlrs in quarter and credits 8,096,000 dlrs vs
+  1,173,000 dlrs in year.
+      1985 year net includes pretax gain 7,400,000 dlrs from
+  termination of pension plan.
+      1985 net includes pretax charge 1,200,000 dlrs in quarter
+  and gain 1,400,000 dlrs in year from restructuring and
+  consolidation.
+      1985 quarter net includes 1,480,000 dlr tax credit.
+      1986 year net includes pretax gain 17.2 mln dlrs from sale
+  of foreign subsidiary.
+  
+
diff --git a/reuters/training/377 b/reuters/training/377
new file mode 100644
index 0000000000000000000000000000000000000000..22b665f3878aaf884dc97f648f8d94aada0e8853
--- /dev/null
+++ b/reuters/training/377
@@ -0,0 +1,14 @@
+ALCAN TO CLOSE WEST GERMAN ALUMINIUM SMELTER
+  <Alcan Aluminiumwerke
+  GmbH>, a subsidiary of Alcan Aluminium Ltd <AL.N> of Canada,
+  said it plans to close its aluminium smelter in Ludwigshafen at
+  the end of June.
+      A spokesman said Alcan was closing the smelter, with annual
+  capacity of 44,000 tonnes and 320 employees, because of high
+  electricity costs and the low world market price of aluminium.
+      Alkan had said earlier this year it would close half the
+  plant's capacity but decided to shut down completely when talks
+  with potential cooperation partners failed, the spokesman said.
+  He declined to name the other companies involved in the talks.
+  
+
diff --git a/reuters/training/3770 b/reuters/training/3770
new file mode 100644
index 0000000000000000000000000000000000000000..85ce653e198f1d505e9457863f138117ef921bc5
--- /dev/null
+++ b/reuters/training/3770
@@ -0,0 +1,14 @@
+EC CONCERNED OVER U.S. TEXTILE IMPORT MOVES
+  The European Community (EC) expressed
+  disquiet over protectionist moves in the United States to limit
+  imports of textiles and said it would retaliate immediately if
+  EC exports were hit.
+      A spokeswoman for the EC Commission said EC External Trade
+  Commissioner Willy De Clercq had written to his U.S.
+  Counterpart, special U.S. Trade Representative Clayton Yeutter,
+  outlining the concerns of the 12-nation Community.
+      The draft legislation under consideration by Congress would
+  impose permanent quotas on products entering the U.S. and seek
+  to limit any increase to a growth in the overall trade.
+  
+
diff --git a/reuters/training/3771 b/reuters/training/3771
new file mode 100644
index 0000000000000000000000000000000000000000..d95490fee00907dc34dba02f1d4091dd8fdfbb76
--- /dev/null
+++ b/reuters/training/3771
@@ -0,0 +1,14 @@
+SPEED-O-PRINT BUSINESS <SBM> 4TH QTR NET
+  Shr loss seven cts vs profit 17 cts
+      Net loss 102,000 vs profit 258,000
+      Revs 1,695,000 vs 1,371,000
+      Year
+      Shr loss 33 cts vs profit 26 cts
+      Net loss 488,000 vs profit 384,000
+      Revs 6,700,000 vs 4,774,000
+      NOTE: 1986 results include operations of radio stations
+  WJYE-FM for the full year and WNNR-AM for the last six months.
+      Speed-O-Print Business Machines Corp is full name of
+  company.
+  
+
diff --git a/reuters/training/3772 b/reuters/training/3772
new file mode 100644
index 0000000000000000000000000000000000000000..cf3baeb937b46b5cd8f50bdc745cf10310214933
--- /dev/null
+++ b/reuters/training/3772
@@ -0,0 +1,6 @@
+ASBESTEC INDUSTRIES <ASBS> SETS STOCK SPLIT
+  Asbestec Industries Inc said
+  its board declared a three-for-two stock split, payable April
+  17, record April Three.
+  
+
diff --git a/reuters/training/3774 b/reuters/training/3774
new file mode 100644
index 0000000000000000000000000000000000000000..cd7651585b345b993f1dcacc76acf5c65f61ca87
--- /dev/null
+++ b/reuters/training/3774
@@ -0,0 +1,6 @@
+QUAKER OATS CO <OAT> REGULAR DIVIDEND
+  Qtly div 20 cts vs 20 cts previously
+      Pay April 15
+      Record March 23
+  
+
diff --git a/reuters/training/3775 b/reuters/training/3775
new file mode 100644
index 0000000000000000000000000000000000000000..115ac4bebb4fa7670ad10fef70c9f02a3ebf80de
--- /dev/null
+++ b/reuters/training/3775
@@ -0,0 +1,22 @@
+JONES AND VINING <JNSV> GETS VULCAN <VUL> BID
+  Jones and Vining Inc said
+  Vulcan Corp, one of its main competitors in the production of
+  shoe lasts, has offered to acquire Jones and Vining for five
+  dlrs a share.
+      Jones and Vining said a management effort to take the
+  company private will go ahead at 4.50 dlrs per share. The form
+  of the buyout has not yet been determined and the buyout is
+  subject to a nunber of conditions, it said.
+      Jones and Vining said its board believes that a transaction
+  with Vulcan would be difficult to complete, but it has asked
+  Vulcan for further information to explore the bid.
+      On January 23, Jones and Vining said its board had
+  recommended that shareholders aprove a management buyout at
+  4.50 dlrs a share.
+      On February Six, Vulcan initially offered to acquire Jones
+  and Vining for five dlrs a share, but Jones and Vining
+  dismissed the offer as "frivolous" and "without substance" and
+  said the bid failed to comply with provisions of the Securities
+  Act of 1934.
+  
+
diff --git a/reuters/training/3777 b/reuters/training/3777
new file mode 100644
index 0000000000000000000000000000000000000000..c84f21c98d5369c3a59053b5bc0b659a060efe05
--- /dev/null
+++ b/reuters/training/3777
@@ -0,0 +1,14 @@
+PPG INDUSTRIES <PPG> SEES GROWTH IN 1987
+  PPG Industries Inc will continue to
+  show earnings growth in 1987 despite a difficult economic
+  climate, the company said in its annual report, mailed to
+  shareholders today.
+      For 1986, the company's earnings rose five pct, to 316 mln
+  dlrs, on revenues that increased eight pct, to 4.7 billion
+  dlrs. Earnings per share were 2.66 dlrs, compared with 2.27
+  dlrs.
+      The company added that in 1986 its return on equity reached
+  17.3 pct, up from 15.5 pct in 1985 and close to its goal of 18
+  pct.
+  
+
diff --git a/reuters/training/3779 b/reuters/training/3779
new file mode 100644
index 0000000000000000000000000000000000000000..1fd885c2ad8d1b3f155f39662ac251dde72e37ea
--- /dev/null
+++ b/reuters/training/3779
@@ -0,0 +1,32 @@
+BELGIAN MINISTER UNVEILS PRIVATISATION PLAN
+  Belgian Budget Minister Guy
+  Verhofstadt has proposed a plan to sell off shares in several
+  state-owned enterprises, including national airline Sabena and
+  the postal and telecommunications authority, government sources
+  said.
+      They said the plan could raise more than 25 billion francs
+  in revenue over the next five years according to Verhofstadt's
+  projections, helping the government to reduce its huge budget
+  deficit, targetted this year at 418 billion francs.
+      But the scheme had received a guarded reception from the
+  Social Christian parties in Belgium's centre-right coalition
+  when Verhofstadt unveiled it at a cabinet meeting yesterday.
+      Discussion of the plan was likely to be long and difficult,
+  the sources said.
+      Verhofstadt proposes beginning the selloffs in the last
+  quarter of 1987, with the sale of 30 to 40 pct of state
+  investment company SNI. He expects the sale to raise three
+  billion francs, they added.
+      A 25 pct share in Sabena would be sold in mid-1989 for 1.5
+  billion francs, while 50 pct of the postal and
+  telecommunications authority would be sold off in two stages in
+  mid-1990 and early 1992, raising at least seven billion francs.
+      Also on Verhofstadt's list are the Maritime Transport
+  Authority, leading gas distributor Distrigaz, CGER savings
+  bank, CGER, and several other credit institutions.
+      Le Soir daily quoted CGER vice-president Paul Henrion as
+  expressing strong opposition to the privatisation of his bank.
+      "Public company we are and public company we wish to stay,"
+  Henrion told the paper.
+  
+
diff --git a/reuters/training/378 b/reuters/training/378
new file mode 100644
index 0000000000000000000000000000000000000000..c7f56675288edf7ecbea10e5151c33d05fd210a3
--- /dev/null
+++ b/reuters/training/378
@@ -0,0 +1,9 @@
+BBC AG BROWN BOVERI UND CIE <BBCZ.Z> 1986 YEAR
+  Parent Company net profit 12.8 mln Swiss francs vs 7.5 mln.
+      Orders received 2.21 billion francs vs 2.61 billion.
+      Sales 2.25 billion francs vs 2.49 billion.
+      Group sales 13.83 billion francs vs 13.88 billion.
+      Group orders 11.03 billion francs vs 13.00 billion.
+   REUTE
+  
+
diff --git a/reuters/training/3782 b/reuters/training/3782
new file mode 100644
index 0000000000000000000000000000000000000000..15c435839bdf4da0782410a5319d33551bae4eee
--- /dev/null
+++ b/reuters/training/3782
@@ -0,0 +1,6 @@
+SCIENCE DYNAMICS CORP <SIDY> YEAR NET
+  Shr 24 cts vs 13 cts
+      Net 704,803 vs 385,081
+      Revs 5,669,682 vs 4,142,095
+  
+
diff --git a/reuters/training/3784 b/reuters/training/3784
new file mode 100644
index 0000000000000000000000000000000000000000..65994098f8379ddd47f63d248623b2d5f0fe4fc4
--- /dev/null
+++ b/reuters/training/3784
@@ -0,0 +1,8 @@
+FOODARAMA SUPERMARKETS INC <FSM> 1ST QTR JAN 31
+  Shr 42 cts vs 35 cts
+      Net 570,000 vs 476,000
+      Sales 122.4 mln vs 123.1 mln
+      NOTEL Prior year net includes pretax charge 453,000 dlrs
+  for reopening of eight stores.
+  
+
diff --git a/reuters/training/3785 b/reuters/training/3785
new file mode 100644
index 0000000000000000000000000000000000000000..93fd0e40c3490e798cc7b927aa78f4a953c49453
--- /dev/null
+++ b/reuters/training/3785
@@ -0,0 +1,14 @@
+ENGINEERING MEASUREMENTS CO <EMCO> 3RD QTR NET
+  Qtr ends Jan 31
+      Shr four cts vs 12 cts
+      Net 102,508 vs 264,910
+      Revs 2,278,083 vs 2,536,312
+      Nine mths
+      Shr 18 cts vs 15 cts
+      Net 489,253 vs 404,877
+      Revs 6,679,745 vs 6,613,551
+      NOTE: Excludes discontinued operations gain of 40,519 dlrs
+  in the third quarter fiscal 1986, and loss of 9,666 dlrs in the
+  nine months fiscal 1986.
+  
+
diff --git a/reuters/training/3786 b/reuters/training/3786
new file mode 100644
index 0000000000000000000000000000000000000000..d591c3bce2e3f3b30fc49192b97c2ced17ffc9a6
--- /dev/null
+++ b/reuters/training/3786
@@ -0,0 +1,13 @@
+BOOTHE FINANCIAL CORP <BCMP> 4TH QTR NET
+  Shr one ct vs 24 cts
+      Net 43,000 vs 1,032,000
+      Revs 10 mln vs 4.9 mln
+      Avg shrs 3.7 mln vs 4.3 mln
+      12 mths
+      Shr 1.02 dlrs vs 1.62 dlrs
+      Net 3,950,000 vs 7,308,000
+      Revs 30.8 mln vs 33.3 mln
+      Avg shrs 3.9 mln vs 4.5 mln
+      NOTE: 1985 restated to reflect tax loss carryforwards.
+  
+
diff --git a/reuters/training/3787 b/reuters/training/3787
new file mode 100644
index 0000000000000000000000000000000000000000..293f03fd25429372da761c7650c347b115e92c34
--- /dev/null
+++ b/reuters/training/3787
@@ -0,0 +1,6 @@
+CONSOLIDATED NATURAL GAS CO <CNG> IN PAYOUT
+  Qtly div 37-1/2 cts vs 37-1/2 cts prior
+      Pay May 15
+      Record April 15
+  
+
diff --git a/reuters/training/3788 b/reuters/training/3788
new file mode 100644
index 0000000000000000000000000000000000000000..56d040d4487da42e6738a9e8a5d086304680af4a
--- /dev/null
+++ b/reuters/training/3788
@@ -0,0 +1,6 @@
+SANDUSKY PLASTICS INC <SPI> SETS QUARTERLY
+  Qtly div six cts vs six cts prior
+      Pay March 31
+      Record March 20
+  
+
diff --git a/reuters/training/379 b/reuters/training/379
new file mode 100644
index 0000000000000000000000000000000000000000..b14195e9485d282142328ccf23a432d7fa113b0e
--- /dev/null
+++ b/reuters/training/379
@@ -0,0 +1,10 @@
+MARRIOTT <MHS> TO SELL HOTEL
+  <Four Seasons Hotels> said it and <VMS
+  Realty Partners> of Chicago have agreed to purchase the Santa
+  Barbara Biltmore Hotel from Marriott Corp for an undisclosed
+  amount.
+      It said the venture will rename the hotel the Four Seasons
+  Biltmore at Santa Barbara and invest over 13 mln dlrs in
+  improvements on the 228-room property.
+  
+
diff --git a/reuters/training/3790 b/reuters/training/3790
new file mode 100644
index 0000000000000000000000000000000000000000..a0c0fcb0dd3f6a556094ade3390f54bd65c128f4
--- /dev/null
+++ b/reuters/training/3790
@@ -0,0 +1,13 @@
+REXNORD <REX> TO SELL RAILWAY EQUIPMENT UNIT
+  Rexnord nc said it signed a
+  definitive agreement to sell its Railway Maintenance Equipment
+  Co subsidiary to Banner Industries Inc. Terms were withheld.
+      It said Railway Maintenance had 1986 sales of 16 mln dlrs
+  and employs 100 people.
+      Rexnord said the sale is part of a major program to divest
+  several of its businesses representing about 200 mln dlrs in
+  net assets. Still to be divested are the Process Machinery
+  Division with sales of 137 mln dlrs and Mathews Conveyer Co,
+  with sales of 83 mln dlrs.
+  
+
diff --git a/reuters/training/3792 b/reuters/training/3792
new file mode 100644
index 0000000000000000000000000000000000000000..8d6009d7a19d00943a21d6a25a394a37d9ecd8a9
--- /dev/null
+++ b/reuters/training/3792
@@ -0,0 +1,39 @@
+LICHT SEES STAGNANT EUROPEAN BEET AREA
+  The overall area devoted to sugar
+  beet in Europe is forecast to remain stagnant this year at 7.22
+  mln hectares compared with 7.21 mln ha in 1986, West German
+  statistician F.O. Licht said.
+      It was feared that the recent steep rise in sugar prices
+  would have a marked effect on planting intentions this year,
+  Licht said, but judging by this first estimate the effect was
+  probably minimal.
+      The total beet area in the European Community is forecast
+  to fall two pct to 1.85 mln ha against 1.89 mln in 1986.
+      The total Western Europe area is put at 2.49 mln ha,
+  against 2.50 mln in 1986. Eastern Europe area is forecast at
+  4.73 mln ha against 4.72 mln.
+      Individual West Europe country estimates, in 1,000 hectares
+  (with 1986 figures in brackets), are, Belgium/Luxembourg 114
+  (118), Denmark 69 (69), France 419 (421), Greece 35 (44),
+  Ireland 36 (38), Italy 270 (275), Netherlands 129 (138),
+  Portugal 1 (1), Spain 192 (190), U.K. 200 (201), West Germany
+  385 (399), Austria 32 (28), Finland 30 (31), Sweden 51 (52),
+  Switzerland 15 (14), Turkey 355 (340), Yugoslavia 160 (136).
+      Eastern Europe plantings are forecast as follows, USSR 3400
+  (3440), Albania 10 (9), Bulgaria 52 (50), Czechoslovakia 195
+  (196), East Germany 210 (205), Hungary 108 (96), Poland 460
+  (440), Romania 295 (280).
+      On the basis of average yields this year, Licht said these
+  area forecasts pointed to a total European beet sugar crop in
+  1987/88 of 29.8 mln tonnes, raw value, down from 31.4 mln
+  tonnes in 1986/87. Licht said sugar yields were fairly high
+  last season, thanks to favourable weather, and this increases
+  the chances of a significant reduction in production in
+  1987/88.
+      Based on average yields, EC beet sugar production could
+  fall nearly 10 pct this year to 13.5 mln tonnes from 14.9 mln
+  in 1986/87, while total Western Europe production could be 16.9
+  mln tonnes against 18.1 mln. Eastern Europe production could be
+  12.9 mln tonnes against 13.3 mln in 1986/87.
+  
+
diff --git a/reuters/training/3793 b/reuters/training/3793
new file mode 100644
index 0000000000000000000000000000000000000000..b13385d5a635cee73204098f2456288fc3e17cb4
--- /dev/null
+++ b/reuters/training/3793
@@ -0,0 +1,12 @@
+BRITAIN TO MINT NEW "BRITANNIA" GOLD COIN
+  Britain will from next autumn mint and
+  market a new bullion coin called the "Britannia" containing one
+  ounce of 24 carat gold, together with bullion coins of smaller
+  denominations, a Treasury official said.
+      The new investment coin, to be sold worldwide, will
+  fluctuate in price according to the international price of
+  gold.
+      The smaller coins will be in denominations of a half ounce,
+  a quarter ounce and a tenth of an ounce. REUTER
+  
+
diff --git a/reuters/training/3795 b/reuters/training/3795
new file mode 100644
index 0000000000000000000000000000000000000000..22bf1bda11549d710a4e1e6a6e8b3aaca850c89c
--- /dev/null
+++ b/reuters/training/3795
@@ -0,0 +1,22 @@
+MEESE SEES A PLUS IN CHRYSLER-AMC MERGER
+  Attorney General Edwin Meese said he
+  saw some benefit in the proposed purchase of American Motors Co
+  <AMO> By Chrysler Corp <C> in that it would return the smallest
+  of the U.S. auto manufacturers to American hands.
+      Meese told the House Appropriations Subcommittee that
+  consideration would be part of the Justice Department's review
+  of the proposed merger. He said the agency has not yet received
+  a formal notice of the merger which would start the review
+  process.
+     Chrysler has made a 1.3 billion dlr bid to buy AMC from its
+  French parent Renault.
+      "I think one of the things that has to be recognized in that
+  merger is that it appears, at least, that a good portion of the
+  ownership of American Motors, which has been in overseas hands
+  will be put back in American hands," Meese told the
+  subcommittee.
+      "That may be one of the factors that would be weighed in the
+  judgment," he added.
+      Renault currently holds about 46 pct of AMC.
+  
+
diff --git a/reuters/training/3796 b/reuters/training/3796
new file mode 100644
index 0000000000000000000000000000000000000000..256575b7436ff5e874f26babf6066bc458299071
--- /dev/null
+++ b/reuters/training/3796
@@ -0,0 +1,15 @@
+DUTCH PARLIAMENT OFFERS LITTLE HELP IN PORT ROW
+  Dutch members of parliament said they
+  could do little to help resolve the dispute over redundancies
+  in Rotterdam port's general cargo sector and urged the union
+  and employers to sort out their differences themselves.
+      Both sides gave evidence to the all-party standing
+  committee on Social Affairs today, but committee members said
+  they saw little chance of parliamentary intervention.
+      The dispute began on January 19 in protest at employers'
+  plans for 800 redundancies from the 4,000-strong workforce,
+  starting with 350 this year. The port and transport union, FNV,
+  is to challenge the redundancies in an Amsterdam court
+  tomorrow.
+  
+
diff --git a/reuters/training/3797 b/reuters/training/3797
new file mode 100644
index 0000000000000000000000000000000000000000..23a2e5f862403f6b42e4a9674cbc49cd4e996a46
--- /dev/null
+++ b/reuters/training/3797
@@ -0,0 +1,31 @@
+SOSNOFF SAYS CAESARS <CAW> OFFERED STOCK BUYBACK
+  Martin Sosnoff, who has offered to
+  buy Caesars World Inc for 28 dlrs a share, said senior
+  officials of the company have offered to buy back the Caesars
+  stake he already holds, now 13.6 pct of the total outstanding.
+      In a filing with the Securities and Exchange Commission,
+  Sosnoff, a New York investor and money manager, said the offers
+  to buy back his stock occurred "on several occasions during the
+  past year."
+      The offers were made by several Caesars World
+  representatives, including its chairman, Henry Gluck, he said. 
+     Sosnoff said he rejected all of the proposals.
+      The Caesars World official suggested various forms of
+  payment for Sosnoff's stake, including other securities of the
+  company and cash, he said. Sosnoff did not detail the value of
+  the proposed compensation.
+      Also suggested was a deal involving "put" and "call" option
+  regarding Sosnoff's Caesars World holdings, he said.
+      The proposed deals would have also included a "standstill"
+  agreement, which would have restricted Sosnoff's right to buy
+  more Caesars World stock or "to take any action adverse to
+  incumbent management," he said.
+      Sosnoff's report on the offers he received for his Caesars
+  World shares were amended to his official offer to purchase the
+  company, as well as reported to the SEC.
+      Sosnoff now holds about 4.1 mln Caesars World shares, or
+  13.6 pct of the company's 30 mln shares outstanding.
+      The Sosnoff offer to buy the shares of the company he does
+  not already hold has been valued at 725.2 mln dlrs.
+  
+
diff --git a/reuters/training/3798 b/reuters/training/3798
new file mode 100644
index 0000000000000000000000000000000000000000..fe95616dd3aac6c22ca66fb00136d28560e765fb
--- /dev/null
+++ b/reuters/training/3798
@@ -0,0 +1,81 @@
+ENERGY/FOREIGN INVESTORS
+  Lured by the weakening dollar and the
+  conviction that oil prices are poised for a rebound, European
+  energy companies are buying up cheap U.S. oil and gas reserves
+  to replenish their supplies, oil industry analysts said.
+      They said owning oil reserves in a politically stable
+  United States is good insurance against future shortages.
+  However, the quick pace of foreign investment has heated up
+  competition among European firms, well-heeled U.S.
+  institutional investors and major oil companies to snare choice
+  domestic oil properties.
+      Strevig and Associates, a Houston firm that tracks oil and
+  gas reserve sales, said growing interest among foreign buyers
+  had helped push reserve prices in recent months higher. All
+  buyers of U.S. reserves paid a median price of 6.45 dlrs a
+  barrel of oil during the fourth quarter of 1986 for
+  acquisitions, up from 5.33 dlrs in the third quarter and five
+  dlrs in the second quarter, according to the firm's research.
+      "Foreign investors have been here nibbling a long time, but
+  we're seeing new names and smaller companies coming in," said
+  Arthur Smith, an oil property appraisal specialist and
+  president of John S. Herold Inc in Greenwich, Conn.
+      "Europeans, especially, do not have much indigenous oil and
+  gas and realize the tide will eventually turn in favor of the
+  Organization of Petroleum Exporting Countries," he added.
+      Smith and other oil industry analyst and economists believe
+  the trend in foreign investments will continue in 1987 because
+  of the fall in value of the U.S. dollar, the perception that
+  oil prices have hit bottom and the fact that it is cheaper to
+  buy new reserves than to explore for them.
+      Plenty of properties are available on the market, thanks to
+  the need of many companies to raise cash for debt payments and
+  general restructuring throughout the oilpatch.
+      In two of the biggest transactions of recent months,
+  French-owned Minatome Corp., a unit of <Total Compagnie
+  Francaise des Petroles>, spent more than 230 mln dlrs to
+  separately acquire oil assets of Texas International <TEICC>
+  and Lear Petroleum Partners <LPP>. A spokesman for Minatome
+  said the company is searching for additional acquisitions.
+      A partnership of two Belgian-owned firms, <Petrofina S.A.>
+  and <Cometra Oil S.A.> paid 150 mln dlrs late last year to buy
+  virtually all the exploration assets of the Williams Cos <WMB>,
+  the Oklahoma pipeline firm.
+      But Japanese investors prefer entering into joint ventures
+  with experienced U.S. companies to explore for new oil. Japan's
+  <Nippon Oil> is a partner of Texaco Inc's <TX> Texaco USA in a
+  100 mln dlrs U.S. drilling program, and has joined with
+  Dupont's <DD> Conoco Inc in a similar 135 dlrs mln deal.
+      Most buyers said the pay-back period of a property, its
+  geographic location and the lifting cost of the crude oil are
+  more important factors in evaluating potential acquisitions
+  than relying on a simple price-per-barrel formula.
+      Rich Hodges, a Houston-based land manager representing
+  International Oil and Gas Corp, a partnership of <Preussag
+  Corp> and <C. Deilmann Inc> of West Germany, said the firm had
+  earmarked at least 50 mln dlrs to spend on oil reserves in
+  Texas, Oklahoma or Louisiana in the coming months.
+      But he called that a small amount compared to the amount
+  other investors have for acquisitions. PaineWebber's Geodyne
+  Energy Income Fund, for example, has said it plans to spend up
+  to 300 mln dlrs on oil and gas properties.
+      "The competition is stiff, not only from other foreign
+  investors but from the brokerage houses and U.S. oil
+  companies," he said. "Our company is shopping around because we
+  feel it's substantially less risky than pure exploration. If
+  you're going to take the risk inherent in exploration, you need
+  prices higher than the current market," he added.
+      In addition to the foreign investors and U.S. brokerage
+  houses, analysts said many of the major oil companies were also
+  competing for prime properties.
+      Houston-based Shell Oil Co, a unit of Royal Dutch/Shell Group
+  <RD>, has been one of the most active companies in buying and
+  selling reserves, Smith said. Since 1982, Shell has acquired
+  two billion dlrs in new reserves, including 470 mln barrels of
+  oil equivalent at a net cost of 2.80 dlrs a barrel, he said.
+      "Buying reserves is a good strategy for most of these
+  companies," Smith said. "Domestic production has dropped by one
+  mln barrels a day because of cutbacks in drilling and it may
+  drop by another one mln barrels a day in 1988."
+  
+
diff --git a/reuters/training/38 b/reuters/training/38
new file mode 100644
index 0000000000000000000000000000000000000000..3bb15558d97e6b68fabab68b09c2f825381c499f
--- /dev/null
+++ b/reuters/training/38
@@ -0,0 +1,12 @@
+<CINRAM LTD> 4TH QTR NET
+  Shr 45 cts vs 58 cts
+      Net 1.1 mln vs 829,000
+      Sales 7.9 mln vs 9.4 mln
+      Avg shrs 2,332,397 vs 1,428,000
+      Year
+      Shr 1.22 dlrs vs 1.06 dlrs
+      Net 2.9 mln vs 1.5 mln
+      Sales 25.7 mln vs 22.2 mln
+      Avg shrs 2,332,397 vs 1,428,000
+  
+
diff --git a/reuters/training/3800 b/reuters/training/3800
new file mode 100644
index 0000000000000000000000000000000000000000..cbb8ed6126c66e6f64f3c511678bba70e7740706
--- /dev/null
+++ b/reuters/training/3800
@@ -0,0 +1,23 @@
+AUSTRIAN 1987 GROWTH SEEN BETWEEN 0.5 AND 1.5 PCT
+  A meeting of leading politicians,
+  bankers and economists has forecast Austrian real gross
+  domestic product growth for this year at between 0.5 and 1.5
+  pct, a government spokesman said.
+      This compared with a two pct growth forecast made by the
+  semi-official Institute for Economic Research (WIFO) last
+  December.
+      Helmut Kramer, spokesman for Chancellor Franz Vranitzky,
+  told Reuters that the forecast had been made during the meeting
+  attended by Vranitzky, Finance Minister Ferdinand Lacina,
+  National Bank President Stefan Koren and a WIFO representative.
+      Economists have been cutting growth forecasts recently
+  mainly due to expectations of a poor export performance this
+  year, notably to Eastern Europe and oil exporting states.
+      Hannes Androsch, general director of
+  Creditanstalt-Bankverein <CABV.VI>, today put 1987 GDP growth
+  at between one and 1.5 pct.
+      Kramer also said the meeting had heard that unemployment
+  for the year would be above the 5.5 pct forecast, but was
+  unlikely to be more than six pct.
+  
+
diff --git a/reuters/training/3801 b/reuters/training/3801
new file mode 100644
index 0000000000000000000000000000000000000000..f6c30927143fbda65a937333c0c0df94b2f7a42f
--- /dev/null
+++ b/reuters/training/3801
@@ -0,0 +1,15 @@
+<FOR BETTER LIVING INC> 4TH QTR NET
+  Shr profit primary 91 cts vs loss 86 cts
+      Shr profit diluted 90 cts vs loss 86 cts
+      Net profit 787,000 vs loss 751,000
+      Sales 20 mln vs 12.5 mln
+      Year
+      Shr profit profit 2.63 dlrs vs profit five cts
+      Shr profit diluted 2.59 dlrs vs profit five cts
+      Net profit 2,273,000 vs profit 43,000
+      Sales 70.1 mln vs 47.1 mln
+      Note: Prior qtr and year figures include gains on disposal
+  of discontinued operations of 76,000 dlrs and 79,000 dlrs,
+  respectively.
+  
+
diff --git a/reuters/training/3806 b/reuters/training/3806
new file mode 100644
index 0000000000000000000000000000000000000000..8fa3f8c8b9cf6ff777943a195b49440ccbd99bc4
--- /dev/null
+++ b/reuters/training/3806
@@ -0,0 +1,14 @@
+NEWPORT ELECTRONICS INC <NEWE> 4TH QTR NET
+  Oper shr loss nine cts vs loss four cts
+      Oper net loss 108,000 vs loss 55,000
+      Sales 3,029,000 vs 2,694,000
+      Year
+      Oper shr profit 42 cts vs profit 15 cts
+      Oper net profit 511,000 vs profit 177,000
+      Sales 13.3 mln vs 11.2 mln
+      Avg shrs 1,233,136 vs 1,217,981
+      Note: Current qtr and year figures exclude operating loss
+  carryforward gain of 26,000 dlrs vs gain of 88,000 dlrs in
+  prior year periods.
+  
+
diff --git a/reuters/training/3807 b/reuters/training/3807
new file mode 100644
index 0000000000000000000000000000000000000000..6636203f0ad2cb55bb17fb87647351d100f51f8e
--- /dev/null
+++ b/reuters/training/3807
@@ -0,0 +1,6 @@
+TRANSCO EXPLORATION PARTNERS LTD <EXP> IN PAYOUT
+  Qtly div 44 cts vs 44 cts prior
+      Pay June One
+      Record May Eight
+  
+
diff --git a/reuters/training/3808 b/reuters/training/3808
new file mode 100644
index 0000000000000000000000000000000000000000..1f9c85e14af75a3c769b844ac651eb2bed1420eb
--- /dev/null
+++ b/reuters/training/3808
@@ -0,0 +1,6 @@
+TRANSCO ENERGY CO <E> SETS QUARTERLY
+  Qtly div 68 cts vs 68 cts prior
+      Pay June One
+      Record May Eight
+  
+
diff --git a/reuters/training/381 b/reuters/training/381
new file mode 100644
index 0000000000000000000000000000000000000000..912190a695df616fddd14b1fe42605828bbe9dcd
--- /dev/null
+++ b/reuters/training/381
@@ -0,0 +1,14 @@
+BROWN BOVERI OMITS DIVIDEND, PLANS WARRANT BOND
+  BBC AG Brown Boveri und Cie
+  <BBCZ.Z> said it will omit dividend in 1986 for the second
+  consecutive year.
+      It said it planned to invite shareholders and non-voting
+  stockholders to subscribe to a warrant bond issue of around 150
+  mln Swiss francs to be made after the June 2 annual meeting.
+      The value of the stock subscription rights should
+  correspond roughly to the dividend of 30 francs per share paid
+  in 1984. The company also plans to issue participation
+  certificates with a par value of 70 mln Swiss francs, from
+  which existing shareholders are excluded.
+  
+
diff --git a/reuters/training/3817 b/reuters/training/3817
new file mode 100644
index 0000000000000000000000000000000000000000..9be13e3e1da7f04aa1725c60ec27699acd274d78
--- /dev/null
+++ b/reuters/training/3817
@@ -0,0 +1,11 @@
+TOTAL ERICKSON RESOURCES LTD <TLEXF> YEAR NET
+  Shr profit nine cts vs loss 45 cts
+      Net profit 2,500,000 vs loss 9,900,000
+      Revs 16,800,000 vs 3,300,000
+      Note: 1986 net includes 2.6 mln dlr or nine ct a shr
+  writedown of nine pct stake in <Trans-Canada Resources Ltd>.
+      1985 results reflect only six mths of mining operations due
+  to merger of Erickson Gold Mines Ltd and Total Eastcan
+  Exploration Ltd on June 30, 1985.
+  
+
diff --git a/reuters/training/3821 b/reuters/training/3821
new file mode 100644
index 0000000000000000000000000000000000000000..9fb6ec1e12d2a657a258b53565a08933d1423747
--- /dev/null
+++ b/reuters/training/3821
@@ -0,0 +1,14 @@
+VERSAR <VSR> TO BUY MARIETTA <ML> UNIT
+  Versar Inc said it has agreed
+  in principle to acquire Martin Marietta Corp's Martin Marietta
+  Environmental Systems unit for about 5,300,000 dlrs.
+      Versar said it would use its working capital and an
+  established life of credit to find the purchase, which is
+  subject to approval by both boards and is expected to be
+  completed in April.
+      Marietta Environmental had 1986 revenues of about nine mln
+  dlrs.
+      Versar said the acquisition should have a "moderately"
+  favorable effect on its earnings this year.
+  
+
diff --git a/reuters/training/3825 b/reuters/training/3825
new file mode 100644
index 0000000000000000000000000000000000000000..7fdfb6c74842430e9fe51f9ee466503fbfb240c2
--- /dev/null
+++ b/reuters/training/3825
@@ -0,0 +1,25 @@
+U.K. BANKS OFFER FIXED-RATE MORTGAGES AT 10.2 PCT
+  Two major U.K. Clearing banks announced
+  they will offer a total of 800 mln stg in new mortgages at a
+  fixed interest rate of 10.2 pct for the first three years,
+  below current bank base lending rates of 10.5 pct.
+      Midland Bank Plc <MDBL.L> said it has initially allocated
+  500 mln stg for home loans at this rate, while Lloyds Bank Plc
+  <LLOY.L> will offer 300 mln stg.
+      Earlier this week, Midland said it would cut its standard
+  rate of mortgage payment to 11.5 pct from April 1, following a
+  half a percentage point reduction in leading banks' base
+  lending rates from 11 pct.
+      Building society and other bank mortgage rates are largely
+  still well above the new base rate level, although last year
+  Lloyds offered a fixed rate of 9.9 pct on certain home loans.
+      A Midland spokesman said his bank calculated that at the
+  current level of 2.7 billion stg, its existing mortgage book
+  accounts for about 5 pct of the total British home loan market.
+      Lloyds said it has 3.6 billion stg in outstanding mortgage
+  loans, but had not estimated its total market share.
+      Among other major clearing banks, Barclays Plc <BCS.L> and
+  National Westminister Bank Plc <NWBL.L> said they had no
+  immediate plans to announce similar fixed rate schemes.
+  
+
diff --git a/reuters/training/3828 b/reuters/training/3828
new file mode 100644
index 0000000000000000000000000000000000000000..c26322af40d639dc14d605cabbc6df92bdcdb7be
--- /dev/null
+++ b/reuters/training/3828
@@ -0,0 +1,11 @@
+JIM WALTER <JWC> BUSY OWENS-CORNING <OCF> PLANT
+  Jim Walter Corp said it completed
+  the acquisition of Owens-Corning Fiberglas Corp's mineral
+  ceiling and fiberboard plant in Meridian, Miss.
+      Terms were not disclosed
+      The plant's operations will complement existing ceiling
+  materials production within jim Walter's building material's
+  group, which last year generated income of 54.9 mln dlrs on
+  sales of 740 mln dlrs.
+  
+
diff --git a/reuters/training/383 b/reuters/training/383
new file mode 100644
index 0000000000000000000000000000000000000000..5454b474c8b158a2b923135f9345269c0f34c76c
--- /dev/null
+++ b/reuters/training/383
@@ -0,0 +1,5 @@
+VIACOM SAID IT HAS NEW NATIONAL AMUSEMENTS, MCV HOLDINGS BIDS
+
+  VIACOM SAID IT HAS NEW NATIONAL AMUSEMENTS, MCV HOLDINGS BIDS
+  
+
diff --git a/reuters/training/3830 b/reuters/training/3830
new file mode 100644
index 0000000000000000000000000000000000000000..2461959fbe96cfc367bc27a2a0a11ed1bb42ba4b
--- /dev/null
+++ b/reuters/training/3830
@@ -0,0 +1,14 @@
+AMERICAN PRESIDENT <APS> TO LEASE MORE SHIPS
+  American President Cos Ltd said
+  its American President Lines shipping subsidiary  obtained
+  final approval from U.S. and Japanese authorities to lease four
+  new ships from Lykes Bros Co.
+      The move will will enable it to boost service in the
+  Pacific by 15 pct in 1987, American President said.
+      The company said it will lease the ships for three years
+  and hold two additional three-year options.
+      It said American President Lines is currently operating at
+  capacity in the Pacific and the new ships will arrive in time
+  for the normal demand surge of the spring and summer seasons.
+  
+
diff --git a/reuters/training/3831 b/reuters/training/3831
new file mode 100644
index 0000000000000000000000000000000000000000..03a2d53c34fe11ab5543e3dde35605fce8c2f67d
--- /dev/null
+++ b/reuters/training/3831
@@ -0,0 +1,6 @@
+BOWNE AND CO INC <BNE> SETS STOCK SPLIT
+  Bowne and Co Inc said its board
+  declared a two-for-one stock split, payable May 10 to holders
+  of record April 17.
+  
+
diff --git a/reuters/training/3833 b/reuters/training/3833
new file mode 100644
index 0000000000000000000000000000000000000000..7fc85c45ebd3b04f08766715f10080599441406f
--- /dev/null
+++ b/reuters/training/3833
@@ -0,0 +1,13 @@
+INVESTMENT FIRM BOOSTS AMERFORD <AMRF> STAKE
+  Louart Corp, a Los Angeles
+  investment firm, said it raised its stake in Amerford
+  International Corp to 105,615 shares, or 7.8 pct of the total
+  outstanding, from 69,715 shares, or 5.2 pct.
+      In a filing with the Securities and Exchange Commission,
+  Louart said it bought 35,900 Amerford common shares between
+  March 19, 1986 and Jan 30, 1987 at prices ranging from 3.92 to
+  4.29 dlrs a share.
+      It said it bought the shares for investment purposes and
+  might increase its stake in the future.
+  
+
diff --git a/reuters/training/3838 b/reuters/training/3838
new file mode 100644
index 0000000000000000000000000000000000000000..2cb4636a235d4d41999440d213e6ed6d3d2273a3
--- /dev/null
+++ b/reuters/training/3838
@@ -0,0 +1,13 @@
+CORRECTED - AUSTRIA 1987 GROWTH FORECAST REVISED
+  Austrian gross domestic product growth
+  for this year is likely to be between 0.5 and 1.5 pct, Helmut
+  Kramer, head of the semi-official Institute for Economic
+  Research (WIFO) said.
+      This compared with a two pct growth forecast made by the
+  WIFO last December.
+      Kramer made the forecast at a meeting today on Austria's
+  economic outlook also attended by Chancellor Franz Vranitzky,
+  Finance Minister Ferdinand Lacina and National Bank President
+  Stefan Koren.
+  
+
diff --git a/reuters/training/3839 b/reuters/training/3839
new file mode 100644
index 0000000000000000000000000000000000000000..5e1cf4950876b7f4deb06779b4895d1472fd1c71
--- /dev/null
+++ b/reuters/training/3839
@@ -0,0 +1,14 @@
+FIRST BOSTON <FBC> SWISS AFFILIATE BOOSTS STAKE
+  First
+  Boston, the Swiss affiliate of First Boston Inc, said it raised
+  its stake in the company to 11,262,307 shares, or 35.5 pct of
+  the total, from 10,262,307 shares, or 32.8 pct.
+      In a filing with the Securities and Exchange Commission,
+  Financiere Credit Suisse said it bought 870,100 First Boston
+  common shares between Feb 10 and 27 at prices ranging from
+  48.125 to 53.000 dlrs a share, or 22.5 mln dlrs total.
+      It said it bought the shares as part of an agreement to
+  raise its minority stake in First Boston to 40 pct, the same
+  stake level First Boston holds in Financiere Credit Suisse.
+  
+
diff --git a/reuters/training/3840 b/reuters/training/3840
new file mode 100644
index 0000000000000000000000000000000000000000..030ec8574dd41a56b6f75265bdaed10c8958714c
--- /dev/null
+++ b/reuters/training/3840
@@ -0,0 +1,12 @@
+NUMAC OIL AND GAS LTD <NMC> YEAR NET
+  Oper shr 23 cts vs 77 cts
+      Oper net 5,255,179 vs 17.6 mln
+      Revs 37.8 mln vs 73.7 mln
+      NOTE: Cash flow 19.5 mln dlrs or 86 cts shr vs 36.7 mln
+  dlrs or 1.62 dlrs shr.
+      1985 net excludes 32 ct shr loss from discontinued
+  operations.
+      Gross proven and probable reserves of crude oil and natural
+  gas liquiids 18.4 mln barrels, off 7.6 pct from a year before.
+  
+
diff --git a/reuters/training/3841 b/reuters/training/3841
new file mode 100644
index 0000000000000000000000000000000000000000..97190af6c6b1e9740e275aadd4719ef833fbb2f9
--- /dev/null
+++ b/reuters/training/3841
@@ -0,0 +1,15 @@
+FARAH <FRA> AGAIN OMITS QUARTERLY DIVIDEND
+  Farah Inc said it omitted its
+  quarterly common stock dividend for the second consecutive
+  quarter.
+      The company, which last paid a quarterly common dividend of
+  22 cts a share in December, said it will consider future
+  dividend payments on the basis of improved profitability and
+  cash flow.
+      Farah said it expects to turn a profit for the balance of
+  1987. For its first quarter ended January 31, Farah lost
+  1,891,000 dlrs, or 32 cts a share, on sales of 71 mln dlrs.
+      In addition, Farah said it received shareholder approval to
+  change its name to Farah Inc from Farah Manufacturing Co.
+  
+
diff --git a/reuters/training/3843 b/reuters/training/3843
new file mode 100644
index 0000000000000000000000000000000000000000..58ee38ef0514b5baddcd829ed80859efe11abe64
--- /dev/null
+++ b/reuters/training/3843
@@ -0,0 +1,13 @@
+JORDAN-PETROCANADA AGREE OIL EXPLORATION PROJECT
+  A two-year project to search for oil and
+  gas in Jordan was agreed in Amman by Jordan's Natural Resources
+  Authority (NRA) and the Canadian company, Petrocanada
+  International Assistance Corporation (PCIAC).
+      The 19.1 mln dlr assistance agreement was signed by
+  Jordan's Minister of Energy Hisham al-Khatib and PCIAC chairman
+  Peter M. Towe.
+      PCIAC is a Canadian government corporation providing
+  assistance to countries like Jordan to reduce their dependence
+  on oil imports, Towe said.
+  
+
diff --git a/reuters/training/3846 b/reuters/training/3846
new file mode 100644
index 0000000000000000000000000000000000000000..2a273a0d642605cc800dda920d1915565683eb58
--- /dev/null
+++ b/reuters/training/3846
@@ -0,0 +1,11 @@
+NUMAC OIL <NMC> SEES RESULTS IMPROVING
+  Numac Oil and Gas Ltd said it expects
+  significant improvement in operating performance during 1987.
+      The company today reported 1986 earnings from continuing
+  operations of 5,255,179 dlrs, down from 17.6 mln dlrs a yuear
+  earlier, due to lower prices for crude oil and pipeline
+  capacity constraints.
+      Numac said changes introduced by federal and provincial
+  governments during 1986 should help results.
+  
+
diff --git a/reuters/training/3847 b/reuters/training/3847
new file mode 100644
index 0000000000000000000000000000000000000000..daea4ef518f9ebcc6688911f0c27286a096a53f8
--- /dev/null
+++ b/reuters/training/3847
@@ -0,0 +1,42 @@
+DOLE SAYS 0/92 OPTION SHOULD BE CONSIDERED
+  U.S. Senate Republican leader Robert
+  Dole said Congress should consider legislation to apply the
+  so-called 0/92 option to producers of major commodities.
+      Dole told the National Corn Growers Association that he
+  thought the proposal, supported by the Reagan administration,
+  "should be seriously considered" because a refusal to do so could
+  "play into the hands of those who want mandatory controls" placed
+  on production.
+      However, Dole did not say whether he would support the 0/92
+  option, which would offer producers at least 92 pct of their
+  income support payments regardless of how much they planted.
+      The Senate Republican leader said the 0/92 option posed two
+  problems. First, it is viewed, he said, by some as welfare. In
+  addition, debate on the proposal could open up the whole farm
+  bill, Dole said.
+      Dole also repeated his call for an across-the-board export
+  enhancement program, saying a subsidy offer to the Soviet Union
+  could help improve U.S. relations with that country.
+      Dole said that the United States has made the decision to
+  trade with Moscow and that it's important to offer competitive
+  prices.
+      The senator predicted Congress would have to decide this
+  year whether to require an expansion of the export subsidy
+  program, which currently targets benefits to recapture markets
+  lost to other suppliers which subsidize.
+      Dole, who last year pledged to offer legislation to require
+  a marketing loan for major crops but never did so, again called
+  for the marketing loan for wheat and feedgrains.
+      The Reagan administration's proposed farm policy changes
+  "are not going anywhere" this year, Dole said, singling out the
+  proposal to cut target prices 10 pct per year.
+      Asked by reporters after his speech whether he sensed a
+  shift in the State Department towards supporting an export
+  enhancement initiative for the Soviet Union, Dole said he
+  didn't see any change.
+      Dole also said it would be a very close call in the Senate
+  whether to open up the farm bill to general debate this year.
+      Dole said he was encouraged by the selection of Republican
+  David Karnes to replace the late Sen. Edward Zorinsky (D-Neb.)
+  
+
diff --git a/reuters/training/3850 b/reuters/training/3850
new file mode 100644
index 0000000000000000000000000000000000000000..6831fcf778a476ce2dea3ff0f1eda67fabaefae0
--- /dev/null
+++ b/reuters/training/3850
@@ -0,0 +1,5 @@
+H.J. HEINZ CO 3RD QTR SHR 55 CTS VS 46 CTS
+
+  H.J. HEINZ CO 3RD QTR SHR 55 CTS VS 46 CTS
+  
+
diff --git a/reuters/training/3851 b/reuters/training/3851
new file mode 100644
index 0000000000000000000000000000000000000000..ee1cbc8f7c05cd96c99fe2e643a51b174a9a3874
--- /dev/null
+++ b/reuters/training/3851
@@ -0,0 +1,5 @@
+H.J. HEINZ RAISES QUARTERLY TO 28 CTS FROM 25 CTS
+
+  H.J. HEINZ RAISES QUARTERLY TO 28 CTS FROM 25 CTS
+  
+
diff --git a/reuters/training/3853 b/reuters/training/3853
new file mode 100644
index 0000000000000000000000000000000000000000..7970cb6cdc1272a643e4cd772b32039ea156da57
--- /dev/null
+++ b/reuters/training/3853
@@ -0,0 +1,9 @@
+<RANCHMEN'S RESOURCES LTD> YEAR LOSS
+  Shr loss seven cts vs loss 3.83 dlrs
+      Net profit 1,700,000 vs loss 13,900,000
+      Revs 18.7 mln vs 25.6 mln
+      Note: Current shr after preferred dividends of 2.0 mln dlrs
+      Prior shr and net includes 34.5 mln dlr writedown on oil
+  properties
+  
+
diff --git a/reuters/training/3855 b/reuters/training/3855
new file mode 100644
index 0000000000000000000000000000000000000000..febeb69a46ffaa68d867da5283c7f2cc250aa138
--- /dev/null
+++ b/reuters/training/3855
@@ -0,0 +1,17 @@
+DOLE MULLS BILL TO EXTEND ETHANOL TAX EXEMPTION
+  U.S. Senate Republican leader Robert
+  Dole (R-Kan.) said he and a group of Republican lawmakers are
+  considering introducing legislation to extend the ethanol tax
+  exemption through the year 2000.
+      Dole, addressing the National Corn Growers Association
+  board, said the proposal was under consideration by a rural
+  task force of Republican members of Congress and governors.
+      Gasoline containing at least 10 pct ethanol now receives a
+  six cents per gallon exemption from a nine cent federal excise
+  tax. The exemption is to expire the end of 1992.
+      Ethanol is produced primarily by a few large agribusiness
+  firms including Archer Daniels Midland (ADM) and A.E. Staley.
+  The tax exemption has helped bolster ethanol production despite
+  a sharp drop in the prices of competing crude oil.
+  
+
diff --git a/reuters/training/3856 b/reuters/training/3856
new file mode 100644
index 0000000000000000000000000000000000000000..bff96fc9a031282398b42cbfa4b881adb63aaf5e
--- /dev/null
+++ b/reuters/training/3856
@@ -0,0 +1,12 @@
+OAK INDUSTRIES <OAK> TO BUY REXNORD <REX> UNIT
+  Oak Industries said it signed
+  a definitive agreement to buy the stock of Rexnord Inc's
+  Railway Maintenance Equipment Co unit, for an undisclosed sum.
+      The company said Railway Maintenance had 1986 revenues of
+  16 mln dlrs.
+      Oak said the acquisition is part of its two-tier strategy
+  of buying releated and unrelated businesses.
+      Oak had a tax loss carryforward of 125 mln dlrs at the end
+  of 1986.
+  
+
diff --git a/reuters/training/3857 b/reuters/training/3857
new file mode 100644
index 0000000000000000000000000000000000000000..a809755b3ae28c73d364c0425ee603844190db7e
--- /dev/null
+++ b/reuters/training/3857
@@ -0,0 +1,8 @@
+SUMITOMO BANK <SUMI> DECLARES STOCK DIVIDEND
+  Sumitomo Bank of California said
+  it declared a 7-1/2 pct stock dividend in addition to its
+  regular quarterly cash dividend of 29 cts per share.
+      Both dividends are payable April 27 to shareholders of
+  record March 31, the company said.
+  
+
diff --git a/reuters/training/3858 b/reuters/training/3858
new file mode 100644
index 0000000000000000000000000000000000000000..de8115cec696b334a28e96868dbc0a8739c7314b
--- /dev/null
+++ b/reuters/training/3858
@@ -0,0 +1,6 @@
+LSB BANCSHARES INC <LXBK> RAISES PAYOUT
+  Qtly div 18 cts vs 17 cts prior
+      Pay April 15
+      Record April One
+  
+
diff --git a/reuters/training/3860 b/reuters/training/3860
new file mode 100644
index 0000000000000000000000000000000000000000..168da4edcfeb9baffa406e2741128032c20b3cb0
--- /dev/null
+++ b/reuters/training/3860
@@ -0,0 +1,13 @@
+H.J. HEINZ CO <HNZ> 3RD QTR JAN 28 NET
+  Shr 53 cts vs 46 cts
+      Qtly div 28 cts vs 25 cts prior
+      Net 74.7 mln vs 63.2 mln
+      Revs 1.08 billion vs 1.01 billion
+      Nine mths
+      Shr 1.78 dlrs vs 1.60 dlrs
+      Net 244.4 mln vs 219.7 mln
+      Revs 3.33 billion vs 3.15 billion
+      Note: Dividend payable April 10 to shareholders of record
+  March 23.
+  
+
diff --git a/reuters/training/3862 b/reuters/training/3862
new file mode 100644
index 0000000000000000000000000000000000000000..709820d98baf64e47ffb7fce687b9cbbe0475d7c
--- /dev/null
+++ b/reuters/training/3862
@@ -0,0 +1,22 @@
+PERU GUERRILLAS INTERRUPT TRAIN ROUTE TO MINES
+  Maoist guerrillas using dynamite derailed
+  two locomotives and four train wagons, interrupting traffic on
+  Peru's sole railway line linking the capital to the central
+  Andes, where most of the country's mining centres are located,
+  authorities said.
+      Damages was estimated at 800,000 dlrs in the dynamite blast
+  yesterday at Chacapalca, where the explosion wrecked the train
+  laden with minerals and 45 metres of the railway line.
+      Crews hoped to restore traffic to the line later today
+  after clearing the damaged train and repairing the tracks at
+  Chacapalca, 225 km east of the Capital, Lima.
+      An official at Mineroperu comercial (Minpeco), Peru's state
+  minerals marketing firm, said the agency was assessing the
+  situation. There had not been a declaration of force majeure on
+  contracts to ship minerals abroad.
+      Foreign sales of silver, copper, zinc and other minerals
+  earn Peru over half of its export income. Most of the minerals,
+  extracted and refined in the central peruvian andes, are
+  shipped down the central railway to the lima port of callao.
+  
+
diff --git a/reuters/training/3864 b/reuters/training/3864
new file mode 100644
index 0000000000000000000000000000000000000000..2a860cb88e16fe258ab297e917456400ca66af3c
--- /dev/null
+++ b/reuters/training/3864
@@ -0,0 +1,53 @@
+WALL STREET STOCKS/TENNECO INC <TGT>
+  Tenneco Inc, a company that has long
+  been rumored to be a takeover candidate, rose sharply today
+  when speculation surfaced that investor T. Boone Pickens may be
+  targeting the company for an acquisition, traders and analysts
+  said.
+      Tenneco spokesman Joseph Macrum said "we have no comment to
+  make whatsoever." Pickens was not available for comment.
+      Traders noted that activity in the stock increased today
+  after a published report linked Pickens to Tenneco.
+      Tenneco rose two points to 48-3/4.
+      Paul Feretti, an analyst with New Orleans-based Howard,
+  Weil, Labouisse, Friedrichs, Inc, said he was not surprised at
+  market rumors that Tenneco might be the target of a takeover
+  attempt.
+      "It's pure market speculation that Boone Pickens and his
+  group may be interested," Feretti said.
+      "But Tenneco would be a challenge to run because of its
+  sheer size and diversity. Mr. Pickens is a man who likes a
+  challenge."
+      Pickens, who made an unsuccessful attempt to take over
+  Dallas-based Diamond Shamrock Corp <DIA> last winter, has made
+  no secret of his plans to acquire additional natural gas
+  reserves in the belief that gas prices will stabilize sooner
+  than oil prices. Tenneco holds natural gas reserves estimated
+  in excess of 3.5 trillion cubic feet, analysts said.
+      Feretti conservatively estimated Tenneco's breakup value at
+  58 dlrs a share and said the company generated a cash flow of
+  about 10 dlrs a share "which is probably very attractive to
+  Pickens." Other analysts, however, estimate a breakup value
+  well into the 60 dlr a share range.
+      "I strongly doubt that there is going to be any hostile
+  takeover," Drexel Burnham Lambert Inc's Houston-based analyst
+  John Olson said, putting little credence in the rumors.
+      "Tenneco is a gargantuan enterprise with seven billion dlrs
+  in long-term debt and preferred stock outstanding." He said the
+  buyer would also have to deal with "the intractable problems"
+  Tenneco faces with its farm equipment unit and energy
+  businesses.
+      Analysts suggested that Tenneco could use a number of
+  defensive strategies to fend off an unwanted buyer, such as
+  spin off some of its non-energy businesses directly to
+  shareholders, buy back shares or create a limited partnership
+  out of its natural gas pipeline interests.
+      An analyst who asked to remain unidentified, discouraged
+  the Pickens rumor. "Pickens has a plateful already with his
+  holdings in Burlington Northern and Amerada Hess," he said. "I
+  don't think he would be willing to take on Tenneco's problems
+  with Case (the farm equipment unit), which has been losing
+  about 180 mln dlrs annually and is worth less than a billion
+  dlrs on the market today."
+  
+
diff --git a/reuters/training/3865 b/reuters/training/3865
new file mode 100644
index 0000000000000000000000000000000000000000..e8711b0dd33d7673ed313c058cd64ed2280176fc
--- /dev/null
+++ b/reuters/training/3865
@@ -0,0 +1,11 @@
+SOFTWARE AG <SAGA> SEES WEAK RESULTS
+  Software AG Systems Inc said it
+  expects to report earnings for its third quarter "substantially
+  weaker" than earnings of prior periods due to an unexpected
+  shortfall in U.S. domestic license revenues.
+      For the second quarter ended November 30, Software AG
+  earned 2,089,000 dlrs, down from 5,014,000 dlrs a year before.
+  In last year's third quarter, Software AG earned 1,598,000
+  dlrs.
+  
+
diff --git a/reuters/training/3867 b/reuters/training/3867
new file mode 100644
index 0000000000000000000000000000000000000000..33036fa7061d91f6887881b59ae997ede0a06d75
--- /dev/null
+++ b/reuters/training/3867
@@ -0,0 +1,11 @@
+MILES LABORATORIES INC 4TH QTR NET
+  Net 3,563,000 vs 2,821,000
+      Sales 318.6 mln vs 305.4 mln
+      Year
+      Net 28,950,000 vs 20,167,000
+      Sales 1.22 billion vs 1.17 billion
+      Note: Company is a subsidiary of Bayer AG of West Germany.
+  1986 figures exclude Miles' Bayvet animal health business, sold
+  Jan. 1, 1986, to Mobay Corp, another Bayer AG affiliate.
+  
+
diff --git a/reuters/training/3868 b/reuters/training/3868
new file mode 100644
index 0000000000000000000000000000000000000000..0b4419a7eb46a56b7c64d7f07bf09942ad03213f
--- /dev/null
+++ b/reuters/training/3868
@@ -0,0 +1,36 @@
+PLACER <PLC> TO INCREASE STAKE IN EQUITY SILVER
+  <Equity Silver
+  Mines Ltd> said it agreed to sell 6.6 mln shares of a new class
+  of par value voting stock to Placer Development Ltd for 37.1
+  mln dlrs, increasing Placer's stake in Equity to 74.5 pct from
+  68 pct.
+      The transaction is subject to regulatory approval and a
+  vote by Equity minority shareholders at the April 23 annual
+  meeting, the company said.
+      Proceeds from sale of the shares, priced at 5.625 dlrs
+  each, will be used to buy and deliver 4,985,000 ounces of
+  silver to Placer, Equity said.
+      Equity Silver said the silver remains to be delivered under
+  its sale agreement with Placer, after delivery of its 750,000
+  ounce minimum commitment for 1987.
+      Equity said it arranged to acquire 4,985,000 ounces of
+  silver at 7.40 dlrs an ounces, subject to selling the shares to
+  Placer.
+      Purchase and delivery of the silver to Placer will result
+  in an after-tax gain of about 6.6 mln dlrs, Equity said.
+      It also said the stock and silver transactions will create
+  a 37,059,000 dlr fund out of which dividends will be paid when
+  cash is available.
+      The cash fund will enable Equity Silver to continue to pay
+  dividends on its preferred shares and increase the likelihood
+  that it may be able to pay dividends on its common shares, the
+  company said.
+      It did not elaborate on what common share dividends might
+  be paid.
+      The company normally pays quarterly preferred dividends
+  totalling 619,000 dlrs from retained earnings, Equity Silver
+  said.
+      Equity Silver had retained earnings of 2,312,000 dlrs at
+  December 31, 1986.
+  
+
diff --git a/reuters/training/3869 b/reuters/training/3869
new file mode 100644
index 0000000000000000000000000000000000000000..af8a85e1f075d7163d02f7ab8dfd0c0c93f980aa
--- /dev/null
+++ b/reuters/training/3869
@@ -0,0 +1,56 @@
+BRAZIL'S SARNEY MEETS STRIKES WITH SHOW OF FORCE
+  With troops in place in Brazil's
+  ports and oil installations, the government of Prersident Jose
+  Sarney today sought to end a wave of labour unrest by a show of
+  force.
+      Yesterday the government sent thousands of troops supported
+  in some instances by tanks to occupy nine oil refineries and
+  six areas of oil production.
+      The state-oil company Petrobras requested the intervention
+  because of a threatened strike by 55,000 oil industry
+  employees.
+      The government had already dispatched more than 1,000
+  marines to occupy the country's main ports after a national
+  seamen's strike was ruled illegal last Friday.
+      The strike by 40,000 seamen, now in its 13th day,
+  represents a stern challenge to the government.
+      The stoppage has delayed exports at a time when Brazil
+  desperately needs foreign exchange.
+      It was a deterioration in the country's trade balance which
+  precipitated Brazil's current debt crisis and the decision on
+  February 20 to suspend interest payments on 68 billion dlrs of
+  commercial debt.
+      There was no sign today of an early end to the seamen's
+  strike, which has badly hit the port of Santos -- the most
+  important in South America -- and the country's other main
+  ports.
+      Small groups of marines armed with submachineguns stand on
+  the quays near the strike-bound ships, but the military
+  presence here is generally discreet.
+      A total of 800 marines are inside the docks but most are
+  out of sight.
+      Yesterday marines and police occupied one ship, the
+  Docemarte, seamen's leaders said. After explaining to the
+  captain that the strikers faced up to one year in jail because
+  the strike was illegal, the men returned to work.
+      One of the strike leaders, Elmano Barbosa, said "it is a
+  psychological war. They are using force and we are using
+  peaceful methods."
+      Port sources said only two Brazilian ships in Santos, the
+  Docemarte and the Henrique Leal, were working.
+      At the seamen's national strike headquarters in Rio de
+  Janeiro, spokesmen say a total of about 190 ships are
+  strike-bound in Brazil and in foreign ports.
+      Contradicting earlier reports from strike headquarters in
+  Rio de Janeiro, seamen in Santos said the strikers on board
+  ships here were not running out of food.
+      The current labour unrest is the worst faced by Sarney's
+  civilian government since it came to power two years ago.
+      Yesterday, in a separate protest, hundreds of thousands of
+  farmers held rallies directed largely against high bank
+  interest rates.
+      The current rash of labour unrest in industry and
+  agriculture stems from the failure of the government's
+  now-collapsed Cruzado Plan price freeze.
+  
+
diff --git a/reuters/training/387 b/reuters/training/387
new file mode 100644
index 0000000000000000000000000000000000000000..209d8a02b7deae99098e27aadc220d9c1f41adc0
--- /dev/null
+++ b/reuters/training/387
@@ -0,0 +1,12 @@
+LAROCHE STARTS BID FOR NECO <NPT> SHARES
+  Investor David F. La Roche of North
+  Kingstown, R.I., said he is offering to purchase 170,000 common
+  shares of NECO Enterprises Inc at 26 dlrs each.
+      He said the successful completion of the offer, plus shares
+  he already owns, would give him 50.5 pct of NECO's 962,016
+  common shares.
+      La Roche said he may buy more, and possible all NECO
+  shares. He said the offer and withdrawal rights will expire at
+  1630 EST/2130 gmt, March 30, 1987.
+  
+
diff --git a/reuters/training/3870 b/reuters/training/3870
new file mode 100644
index 0000000000000000000000000000000000000000..c1384ddcf80b1e12cc3e4462d65cae9527cd4684
--- /dev/null
+++ b/reuters/training/3870
@@ -0,0 +1,19 @@
+INTELLIGENT SYSTEMS MLP <INP> 3RD QTR DEC 31 NET
+  Shr profit 20 cts vs profit five cts
+      Net profit 2,273,000 vs profit 563,000
+      Rev 38.7 mln vs 30.3 mln
+      Avg shares 11,138,503 vs 10,982,699
+      Nine months
+      Shr profit 40 cts vs loss 10 cts
+      Net profit 4,448,000 vs loss 1,123,000
+      Rev 108.4 mln vs 75.2 mln
+      NOTE: Third qtr net includes gain from discontinued
+  operations of 3.5 mln dlrs, or 31 cts a share, vs 271,000, or
+  two cts a share, in fiscal 1985's third qtr. Nine months net
+  includes gain from discontinued operations of 3.8 mln dlrs, or
+  34 cts a share, vs 731,000 dlrs, or seven cts a share, in the
+  first nine months of fiscal 1985.
+  
+  
+  
+
diff --git a/reuters/training/3872 b/reuters/training/3872
new file mode 100644
index 0000000000000000000000000000000000000000..bfa676a2648c1dbe025af8365a2560bb16a73a81
--- /dev/null
+++ b/reuters/training/3872
@@ -0,0 +1,8 @@
+SHADOWFAX RESOURCES LTD <SHFXF> YEAR LOSS
+  Shr loss three cts vs profit 14 cts
+      Net loss 79,778 vs profit 458,176
+      Revs 1,063,623 vs 1,165,186
+      Note: 1986 year includes 400,000 dlr writedown on Utah oil
+  and gas properties
+  
+
diff --git a/reuters/training/3873 b/reuters/training/3873
new file mode 100644
index 0000000000000000000000000000000000000000..20510b443668f2cc494adf292bfde760607dac46
--- /dev/null
+++ b/reuters/training/3873
@@ -0,0 +1,17 @@
+PARALAX <VIDO> AGREES TO ACQUIRE AMERICAN VIDEO
+  Paralax Video Enterprises Inc said it
+  has agreeed to acquire <American Video Group Inc> in exchange
+  for 287,700 Paralax restricted common shares and three year
+  warrants to buy 318,600 restricted shares at six dlrs a share.
+      Paralax said holders of some American Video convertible
+  debentures have elected to exchange them for Paralax restricted
+  common with a market value of about 380,000 dlrs with that
+  value to be determined in about 45 days.
+      American Video is a closely held company operating video
+  rental concessions in post and base exchanges at 54 Army, Air
+  Force, Navy and Coast Guard installations. In its most recent
+  year, the company had revenues of about 1.5 mln dlrs.
+      Paralax said the acquisition is scheduled to close March
+  16. The company now has about 5.5 mln shares outstanding.
+  
+
diff --git a/reuters/training/3874 b/reuters/training/3874
new file mode 100644
index 0000000000000000000000000000000000000000..259a828c055fe3a8a619cdd38a654961fc10caa9
--- /dev/null
+++ b/reuters/training/3874
@@ -0,0 +1,12 @@
+KURZWEIL MUSIC SYSTEMS INC <KURM> 4TH QTR LOSS
+  Shr loss 21 cts vs loss 29 cts
+      Net loss 1,246,000 vs loss 1,420,000
+      Revs 2,120,000 vs 1,186,000
+      Avg shrs 5,853,587 vs 4,880,427
+      Year
+      Shr loss 85 cts vs loss 1.21 dlrs
+      Net loss 4,968,000 vs loss 5,274,000
+      Revs 6,536,000 vs 5,056,000
+      Avg shrs 5,854,543 vs 4,367,864
+  
+
diff --git a/reuters/training/3875 b/reuters/training/3875
new file mode 100644
index 0000000000000000000000000000000000000000..317392ed3c67495ef5ea89d0b4dfe87ae44d9326
--- /dev/null
+++ b/reuters/training/3875
@@ -0,0 +1,6 @@
+J.P. MORGAN AND CO INC <JPM> SETS QUARTERLY
+  Dividend 34 cts vs 34 cts previously
+      Pay April 15
+      Record March 23
+  
+
diff --git a/reuters/training/3879 b/reuters/training/3879
new file mode 100644
index 0000000000000000000000000000000000000000..3bf8b043c35866829d98c4deb975a93dce6fba20
--- /dev/null
+++ b/reuters/training/3879
@@ -0,0 +1,7 @@
+BAYLY <BAYL> BUYS MAJORITY OF CHUTES
+  Bayly Corp said it acquired 55 pct
+  of Chutes Corp, a maker of denim-oriented sportswear
+  headquartered in Seattle, Wash.
+      Terms were not disclosed.
+  
+
diff --git a/reuters/training/388 b/reuters/training/388
new file mode 100644
index 0000000000000000000000000000000000000000..0070117fcadc29c4a783c4df78c622104aaf9596
--- /dev/null
+++ b/reuters/training/388
@@ -0,0 +1,10 @@
+<SDC SYDNEY DEVELOPMENT CORP> NINE MTHS LOSS
+  Period ended December 31, 1986
+      Oper shr loss 1.08 dlrs vs loss 84 cts
+      Oper loss 7,700,000 vs loss 1,700,000
+      Revs 11,800,000 vs 9,800,000
+      Note: Current shr and net exclude extraordinary gain of
+  300,000 dlrs or five cts shr, versus extraordinary gain of
+  200,000 dlrs or four cts shr
+  
+
diff --git a/reuters/training/3881 b/reuters/training/3881
new file mode 100644
index 0000000000000000000000000000000000000000..fb5c885701bb5cfb3fb8b862c84f4e8b1d076cd2
--- /dev/null
+++ b/reuters/training/3881
@@ -0,0 +1,16 @@
+CFTC APPROVES MGE CORN SYRUP FUTURES CONTRACT
+  The Commodity Futures Trading
+  Commission has approved the Minneapolis Grain Exchange's
+  application to trade high fructose corn syrup-55, HFCS-55,
+  futures contracts, the commission said.
+      The contract provides for the delivery of 48,000 lbs, plus
+  or minus two pct, of bulk HFCS-55 meeting specified standards
+  regarding its physical and chemical properties.
+      CFTC said the exchange plans to begin trading a July 1987
+  HFCS-55 contract on April 6.
+      CFTC said the soft drink industry currently buys at least
+  95 pct of all U.S.-produced HFCS-55, a liquid food and beverage
+  sweetener produced through the processing of corn starch by
+  corn refiners.
+  
+
diff --git a/reuters/training/3884 b/reuters/training/3884
new file mode 100644
index 0000000000000000000000000000000000000000..6231f9d1d623021674f9aa5b0eaec593dea58950
--- /dev/null
+++ b/reuters/training/3884
@@ -0,0 +1,21 @@
+INTELLIGENT SYSTEMS MLP <INP> MAKES CASH PAYOUT
+  Intelligent Systems Master
+  Limited Partnership said it will make a cash distribution of 25
+  cts a unit in early April to unitholders of record as of March
+  31.
+      The company said continued strength in its results prompted
+  the move.
+      Intelligent Systems added that if current plans to sell
+  some of its assets, as previously announced, are successful, it
+  may make further distributions estimated at 15 cts to 25 cts a
+  unit.
+      Earlier, the company reported fiscal third quarter ended
+  December 31 net income of 2.3 mln dlrs, or 20 cts a share, up
+  from fiscal 1985 third quarter results of 563,000 dlrs, or five
+  cts a share.
+      In addition, it reported fiscal 1986 nine months' net
+  income of 4.4 mln dlrs, or 40 cts a share, versus a loss of 1.1
+  mln dlrs, or 10 cts a share, in fiscal 1985's first three
+  quarters.
+  
+
diff --git a/reuters/training/3886 b/reuters/training/3886
new file mode 100644
index 0000000000000000000000000000000000000000..d2340afb7ab486db0c605a1c104997c5139c106f
--- /dev/null
+++ b/reuters/training/3886
@@ -0,0 +1,14 @@
+KURZWEIL <KURM> HAS REDUCED WORK FORCE
+  Kurzweil Music Systems Inc said
+  it has taken steps this year to reduce costs, including a 10 to
+  15 pct reduction in its work force.
+      A spokesman said the company now has about 70 employees.
+      It said other reductions include the use of professional
+  services, administrative costs, manufacturing overhead and
+  non-essential development services, adding these cuts are
+  expected to have a significant impact beginning in the second
+  quarter.
+      Earlier today Kurzweil reported a 1986 loss of 85 cts a
+  share compared to a 1985 loss of 1.21 dlrs a share.
+  
+
diff --git a/reuters/training/3888 b/reuters/training/3888
new file mode 100644
index 0000000000000000000000000000000000000000..b0a01a39179e58a7e07081eec748fe6cf7a27382
--- /dev/null
+++ b/reuters/training/3888
@@ -0,0 +1,13 @@
+AIDE SAYS FRANCE SUPPORTS OIL AND FATS TAX
+  France supports the European Commission's
+  plans for a European Community (EC) fats and oils tax but
+  objects to some of its oilseeds proposals, Yves Van Haecke, an
+  aide to French agriculture minister Francois Guillaume said.
+      He told a general assembly of France's Oilseeds Federation
+  (FFCOP) that a suppression of monthly increases of oilseed
+  support prices, for example, was unacceptable.
+      French oilseeds experts added the principle of a single tax
+  regardless of varying quality was clumsy and capable of
+  unneccessarily alienating exporters such as the U.S.
+  
+
diff --git a/reuters/training/389 b/reuters/training/389
new file mode 100644
index 0000000000000000000000000000000000000000..9253f583688bc6148b3749195d33897063d52372
--- /dev/null
+++ b/reuters/training/389
@@ -0,0 +1,14 @@
+SENIOR ENGINEERING MAKES 12.5 MLN DLR US PURCHASE
+  <Senior Engineering Group Plc> said it
+  reached agreement with <Cronus Industries Inc> to acquire the
+  whole share capital of <South Western Engineering Co> for 12.5
+  mln dlrs cash. This sum is being financed by a term loan.
+      South Western is one of the U.S.'s leading manufacturers of
+  heat transfer equipment, with a turnover of 54.86 mln dlrs and
+  pre-tax profits of 1.72 mln in 1986.
+      Completion of the deal is conditional on approval under
+  U.S. Hart-Scott-Rodino regulations which is expected within 30
+  days. Some 350,000 dlrs is payable immediately, 12 mln dlrs
+  payable on completion with the balance due by June 30, 1987.
+  
+
diff --git a/reuters/training/3890 b/reuters/training/3890
new file mode 100644
index 0000000000000000000000000000000000000000..4929f7c2df34cd2aad9c0b6d6ead7d04b72c6aa7
--- /dev/null
+++ b/reuters/training/3890
@@ -0,0 +1,20 @@
+HEINZ <HNZ> HAS HIGHER NET DESPITE HIGHER COSTS
+  H.J. Heinz Co said net income for
+  the third quarter rose 18.2 pct despite an 17.2 pct increase in
+  marketing expenses.
+      Meanwhile, the company said it raised its quarterly
+  dividend to 28 cts a share from 25 cts a share in part on the
+  expectation that its tax rate under the new tax law will result
+  in greater cash flow.
+      For the third quarter ended January 31, Heinz earned 74.7
+  mln dlrs, or 55 cts a share, up from earnings of 63.2 mln dlrs,
+  or 46 cts a share, for the year-ago quarter.
+      For the nine months, the company posted a profit of 244.4
+  mln dlrs, or 1.78 dlrs a share, compared with a profit of 219.7
+  mln dlrs, or 1.60 dlrs a share, for the year-ago period.
+      "Based on the company's performance for the first nine
+  months, we expect to achieve our 23rd consecutive year of new
+  growth records," Anthony J.F. O'Reilly, Heinz's newly elected
+  chairman.
+  
+
diff --git a/reuters/training/3892 b/reuters/training/3892
new file mode 100644
index 0000000000000000000000000000000000000000..4f188eda40b42d738463a1bd85f4c72e6f531420
--- /dev/null
+++ b/reuters/training/3892
@@ -0,0 +1,28 @@
+BRAZILIAN FCOJ OFFICIAL WELCOMES U.S. DUTY CUT
+  Mario Branco Peres, president of
+  the Brazilian Association of Citrus Juice Industries
+  (Abrassuco), welcomed a decision by the U.S. Commerce
+  Department sharply cutting its duties on imported frozen
+  concentrated orange juice (FCOJ) from Brazil.
+      Speaking by telephone from Sao Paulo, Peres said, "With its
+  decision, the U.S. government recognised the honesty of
+  Brazilian exporters, who never have the intention of practising
+  dumping."
+      In a final ruling yesterday, the U.S. government eliminated
+  the duties shipped by Sucocitrico Cutrale and cut to 1.96 pct
+  the duty on Citrosuco. Duties of 8.54 pct had been set last
+  October.
+      Peres said Brazil had enough orange juice to meet the needs
+  of its major clients.
+      "We do not have in stock what we would like to have, but we
+  certainly have enough orange juice available to supply our
+  buyers," Peres said, declining to estimate the amount of the
+  current stock. "To keep it a secret is part of our strategy," he
+  added.
+      Peres said the price policy of the orange juice was based
+  on market conditions.
+      "There is nothing better than a free trade policy," he said.
+      Cutrale and Citrosuco officials were not immediately
+  available for comment.
+  
+
diff --git a/reuters/training/3893 b/reuters/training/3893
new file mode 100644
index 0000000000000000000000000000000000000000..d1d98c74b76b097140fc2eb20520b0f2d4c43653
--- /dev/null
+++ b/reuters/training/3893
@@ -0,0 +1,14 @@
+WALL STREET STOCKS/ICH CORP <ICH>
+  ICH Corp's stock
+  continued under pressure because of lower earnings
+  expectations, Wall Street analysts said.
+      The stock was down one today at 17-1/4, and down about four
+  since Thursday, when ICH announced it would be reporting
+  lower-than-expected fourth quarter net income.
+      The company said it would report full year 1986 net income
+  of 2.00 dlrs per share compared to 2.32 dlrs per share in 1985.
+  Analysts said they had estimated 1987 net at 3.00-4.00 dlrs and
+  were now looking for at 2.50 dlr to 2.80 dlr range.
+      ICH officials were unavailable for comment.
+  
+
diff --git a/reuters/training/3894 b/reuters/training/3894
new file mode 100644
index 0000000000000000000000000000000000000000..c506f70236a5425ac1ea4cc5b1a1f2570dc6fe7d
--- /dev/null
+++ b/reuters/training/3894
@@ -0,0 +1,10 @@
+INVACARE CORP <IVCR> 4TH QTR NET
+  Shr profit 26 cts vs profit 19 cts
+      Net profit 1,458,000 dlrs vs profit 1,070,000 dlrs
+      Rev 30.9 mln dlrs vs 27.5 mln dlrs
+      12 mths
+      Shr profit 60 cts vs loss 19 cts
+      Net profit 3,367,000 dlrs vs loss 1,061,000 dlrs
+      Revs 111.5 mln dlrs vs 94.3 mln dlrs
+  
+
diff --git a/reuters/training/3895 b/reuters/training/3895
new file mode 100644
index 0000000000000000000000000000000000000000..35f3882220b330075a5bfc0aabb43c047ec499e2
--- /dev/null
+++ b/reuters/training/3895
@@ -0,0 +1,7 @@
+<RENAISSANCE ENERGY LTD> YEAR NET
+  Shr 47 cts vs 31 cts
+      Net 4,757,000 vs 2,466,000
+      Revs 32.8 mln vs 33.5 mln
+      Avg shrs 12,638,000 vs 8,941,000
+  
+
diff --git a/reuters/training/3897 b/reuters/training/3897
new file mode 100644
index 0000000000000000000000000000000000000000..c86b5c5d376f54bb9b1057bda295b819faefe4f2
--- /dev/null
+++ b/reuters/training/3897
@@ -0,0 +1,5 @@
+USDA ACCEPTS OFFERS FOR 550,000 TONNES  OF BONUS WHEAT FOR CHINA
+
+  USDA ACCEPTS OFFERS FOR 550,000 TONNES  OF BONUS WHEAT FOR CHINA
+  
+
diff --git a/reuters/training/3898 b/reuters/training/3898
new file mode 100644
index 0000000000000000000000000000000000000000..a9114d7322a2e883b742524cfa873c31dbc42282
--- /dev/null
+++ b/reuters/training/3898
@@ -0,0 +1,9 @@
+QUEBEC FEBRUARY HOUSING STARTS FALL
+  Quebec housing starts fell in February
+  to 2,191, a four pct drop from last year when growth in Quebec
+  housing starts was among the highest in the Canada, the Canada
+  Mortgage and Housing Corp said.
+      The February rate seasonally adjusted now stands at 40,000,
+  down from 79,000 in January, the government agency said.
+  
+
diff --git a/reuters/training/3899 b/reuters/training/3899
new file mode 100644
index 0000000000000000000000000000000000000000..e9518d75000c9de8d288e06091dbe3ec86edcc56
--- /dev/null
+++ b/reuters/training/3899
@@ -0,0 +1,17 @@
+INVACARE <IVCR> EXPECTS HIGHER 1987 SALES
+  Invacare Corp chairman, president
+  and chief executive officer A. Malachi Mixon III said he
+  expects the home healthcare equipment company to post sales
+  increases in the 10 to 15 pct range in 1987.
+      Mixon said the increases should come from internal growth
+  as well as potential acquisitions.
+      "Invacare is aggressively seeking acquisitions to
+  complement the company's existing product lines," Mixon said.
+      Earlier, the company reported fourth quarter 1986 net of
+  1.5 mln dlrs, or 26 cts a share, up from 1.1 mln dlrs, or 19
+  cts a share, in 1985's fourth quarter.
+      Invacare also reported 1986 net income of 3.4 mln dlrs, or
+  60 cts a share, up from a loss of 1.1 mln dlrs, or 19 cts a
+  share, in 1985.
+  
+
diff --git a/reuters/training/390 b/reuters/training/390
new file mode 100644
index 0000000000000000000000000000000000000000..4b39f72ca67cce94ce118fe9c1e099d67572651c
--- /dev/null
+++ b/reuters/training/390
@@ -0,0 +1,32 @@
+CHEUNG KONG CHAIRMAN SEES STRONG RESULTS IN 1987
+  Cheung Kong (Holdings) Ltd <CKGH.HK>
+  is expecting strong results this year after reporting better
+  than expected profits in 1986, chairman Li Ka-shing said.
+      He did not give a specific earnings projection but he told
+  reporters the firm will pay total dividends of not less than 19
+  cents a share this year after a one-for-four bonus issue and a
+  four-for-one stock split.
+      The company earlier declared total dividends equal to 15
+  cents a share for 1986, adjusting for the stock split and bonus
+  issue.
+      Cheung Kong's earnings rose to 1.28 billion H.K. Dlrs in
+  1986, well above market expectations of 920 mln to one billion
+  dlrs. They compared with profits of 551.7 mln dlrs in 1985.
+      Cheung Kong also reported extraordinary gains of 983.6 mln
+  dlrs mainly from the firm's sale of the Hong Kong Hilton Hotel
+  to Hongkong Electric Holdings Ltd <HKEH.HK> for one billion
+  dlrs. It had gains of 81.3 mln dlrs in 1985.
+      Li attributed the surge in 1986 earnings to a buoyant local
+  property market and substantial increases in contributions from
+  associated companies.
+      "Looking ahead, 1987 should be another year of stability for
+  the property market," Li said. "The growth in (Hong Kong's)
+  exports is expected to stimulate the demand for industrial
+  buildings."
+      Cheung Kong is cash rich and is looking for new projects in
+  the British colony, Li said, noting the firm is interested in a
+  land reclamation project along the Hong Kong harbour and is
+  exchanging views with the government on a proposal to build a
+  second airport.
+  
+
diff --git a/reuters/training/3900 b/reuters/training/3900
new file mode 100644
index 0000000000000000000000000000000000000000..4a4964b259c3a4dcfbcd602d714c9e4ee139d7d4
--- /dev/null
+++ b/reuters/training/3900
@@ -0,0 +1,18 @@
+LAMSON AND SESSIONS CO <LMS> 4TH QTR LOSS
+  Oper shr loss 26 cts vs profit five cts
+      Oper net loss 1,506,000 vs profit 312,000
+      Revs 42 mln vs 27.9 mln
+      Year
+      Oper shr loss 43 cts vs profit 16 cts
+      Oper net loss 2,535,000 vs profit 1,236,000
+      Revs 129.9 mln vs 120.3 mln
+      NOTE: Excludes discontinued operations loss 1.42 dlrs a
+  share versus loss nine cts in the quarter, and loss 1.62 dlrs a
+  share versus loss 12 cts in the year.
+      Also excludes extraordinary loss of six cts a share in the
+  fourth quarter 1985, and gain of 1.81 dlrs a share in full year
+  1985.
+      Also excludes 1986 full year gain of 80 cts per share from
+  accounting change.
+  
+
diff --git a/reuters/training/3901 b/reuters/training/3901
new file mode 100644
index 0000000000000000000000000000000000000000..48b25ceb9e387082d9831e244e7f96ec2d42f490
--- /dev/null
+++ b/reuters/training/3901
@@ -0,0 +1,24 @@
+ARGENTINE MEAT EXPORTS LOWER IN 1986
+  Argentine meat exports during
+  Jan/Dec 1986 totalled 220,911 tonnes, against 223,204 tonnes
+  shipped in the same 1985 period, the National Meat board said.
+      Shipments in tonnes with comparative figures for the 1985
+  period, in brackets, included: beef 120,184 (137,686), horse
+  meat 25,651 (33,892) and beef offal 50,100 (47,745).
+      Argentina's meat exports totalled 20,481 tonnes in December
+  1986, against 15,801 tonnes in the same 1985 month.
+      Shipments in tonnes, with comparative figures for December
+  1985, in brackets, included: beef 14,384 (10,339), horse meat
+  1,609 (1,539) and beef offal 3,388 (3,098), the board said.
+      Main destinations for refrigerated beef (bone in
+  equivalent) were as follows, in tonnes, with comparative
+  figures for 1985 in brackets:
+      E.C. 46,300 (49,700), Israel 16,200 (17,600), Brazil 18,100
+  (unavailable), Peru 8,100 (2,300), Angola 4,800 (12,100), Chile
+  3,400 (8,200), Switzerland 3,000 (3,000), Canary Islands 2,400
+  (3,700), Singapore 1,900 (1,700), Aruba/Curazao 1,600 (1,700).
+      Main destinations for canned meat and cooked beef (bone in
+  equivalent) in tonnes, with figures for 1985 in brackets, were:
+  United States 88,300 (102,900), E.C. 30,700 (24,100).
+  
+
diff --git a/reuters/training/3902 b/reuters/training/3902
new file mode 100644
index 0000000000000000000000000000000000000000..01d5b10b3835b5f8e93de7540a3701e5eb410cbd
--- /dev/null
+++ b/reuters/training/3902
@@ -0,0 +1,29 @@
+SOUTH KOREA TO KEEP TRADE SURPLUS 3-5 YEARS
+  South Korean Trade Minister Rha
+  Woong Bae said his nation would maintain a trading surplus for
+  three to five years as a way to cut its foreign debt.
+      He said in an interview with Reuter that after a few years
+  it was likely South Korea would drop barriers to foreign goods
+  and move toward a more balanced trade position.
+      He said the present trade surplus was vital if his nation
+  was to reduce its 44.5 billion dlr foreign debt.
+      Rha said that 1986 was the first year South Korea had a
+  trade surplus - 4.5 billion dlrs, against a 1985 deficit of 
+  900 mln dlrs.
+      Rha made his remarks at the end of a two-week trade mission
+  here during which a team he led agreed to buy U.S. products
+  valued at 1.8 billion dlrs.
+      About 800 mln dlrs of the purchases here were in goods of
+  the type South Korea normally bought from Japan.
+      Rha leaves today for Ottawa for trade talks with Canadian
+  officials and businessmen.
+      Asked if South Korea would retaliate against U.S. goods if
+  Congress closed U.S. markets to its products, he said "at this
+  moment, we have no thought of retaliation."
+      South Korea is a major exporter to the U.S. of textiles and
+  apparel and electronic goods, such as television sets, video
+  cassette records and personal computers.
+      Its purchases from the United States include electronic
+  testing equipment, grains and cotton.
+  
+
diff --git a/reuters/training/3903 b/reuters/training/3903
new file mode 100644
index 0000000000000000000000000000000000000000..c7511e8261182f8d62de5f769c5589cac2e68d22
--- /dev/null
+++ b/reuters/training/3903
@@ -0,0 +1,20 @@
+RESTURANT ASSOCIATES INDUSTRIES INC <RAA>4TH QTR
+  Shr 26 cts vs 36 cts
+      Shr diluted 25 cts vs 36 cts
+      Net 1,389,000 vs 1,412,000
+      Revs 56.9 mln vs 35.1 mln
+      Avg shrs 5,412,000 vs 3,962,000
+      Year
+      Shr 90 cts vs 75 cts
+      Shr diluted 86 cts vs 75 cts
+      Net 4,692,000 vs 2,961,000
+      Revs 201.4 mln vs 140.0 mln
+      Avg shrs 5,234,000 vs 3,954,000
+      NOTE: Results for 14 and 53 week periods ended January 3,
+  1987, vs 13 and 52 week periods ended December 28, 1985
+      1985 net in both periods includes gain of 99,000 dlrs from
+  tax loss carryforward
+      Spokeswoman said average shares outstanding on a diluted
+  basis were not available
+  
+
diff --git a/reuters/training/3904 b/reuters/training/3904
new file mode 100644
index 0000000000000000000000000000000000000000..1553bc2e18a1e131c44c4627240ede8153807ffa
--- /dev/null
+++ b/reuters/training/3904
@@ -0,0 +1,17 @@
+USDA ACCEPTS BONUS WHEAT OFFERS FOR CHINA
+  The Commodity Credit Corp (CCC) has
+  accepted bids for export bonuses to cover sales of 340,000
+  tonnes of hard red winter wheat and 210,000 tonnes of soft red
+  winter wheat to China, the U.S. Agriculture Department said.
+      The bonuses awarded averaged 36.22 dlrs per tonne, and the
+  wheat is scheduled for delivery during May-Oct 1987.
+      The bonus awards were made to Cargill, Inc (305,000
+  tonnes), Continental Grain Co (155,000 tonnes), Mitsubishi
+  International Corp (60,000 tonnes) and Richco Grain Co (30,000
+  tonnes).
+      Bonuses will be paid to the exporters in the form of
+  commodities from CCC stocks.
+      The purchases complete the Export Enhancement Program
+  initiative for China announced Jan 26.
+  
+
diff --git a/reuters/training/3905 b/reuters/training/3905
new file mode 100644
index 0000000000000000000000000000000000000000..10857363e98cc3f0e652a9b39157d77bd498a763
--- /dev/null
+++ b/reuters/training/3905
@@ -0,0 +1,8 @@
+SOUTHERN NEW ENGLAND TELECOM <SNG> DECLARES DIV
+  Qtly div 72 cts vs 72 cts prior
+      Pay April 15
+      Record March 23
+      NOTE: Company's full name is Southern New England
+  Telecommunications Corp.
+  
+
diff --git a/reuters/training/3906 b/reuters/training/3906
new file mode 100644
index 0000000000000000000000000000000000000000..160e38f9fa33fcf64017b752e6d9009dfcba2970
--- /dev/null
+++ b/reuters/training/3906
@@ -0,0 +1,32 @@
+VENEZUELA MOVES CLOSER TO CHAMPLIN PURCHASE
+  the council of ministers approved
+  petroleos de venezuela's planned purchase of a half interest in
+  the champlin petroleum refinery at corpus christi, texas,
+  government sources said.
+      The cabinet authorized energy and mines minister arturo
+  hernandez grisanti to approve the purchase in the shareholders
+  assembly of the state oil company petroleos de venezuela
+  (pdvsa).
+      Pdvsa last april 14 signed a letter of intent to buy a half
+  interest in champlin's corpus christi refinery for an
+  undisclosed sum.
+      Under the terms of the provisional agreement, venezuela
+  would supply up to 160,000 barrels a day to the plant through a
+  new company which would be jointly owned by the pdvsa and
+  champlin, a subsidiary of the union pacific corp <unp>.
+      The deal would also allow pdvsa a joint share in champlin's
+  refinery and distribution network.
+      The purhcase is one of a series of overseas joint ventures
+  by which venezuela has managed to assure markets for some
+  400,000 barrels of its approximately 1.5 mln bpd exports.
+      Hernandez grisanti told reporters after the cabinet meeting
+  that pdvsa will pay 93 mln dlrs for its half ownership in the
+  champlin refinery - 33 mln dlrs in cash and 60 mln dlrs crude
+  oil and products.
+      Through the deal, he said, venezuela will be assured the
+  sale of at least 140,000 bpd of crude and products.
+      Hernandez said pdsva has entered similar joint ventures
+  with veba oel of west germany, nynas petroelum in sweden, and
+  citgo in the united states.
+  
+
diff --git a/reuters/training/3908 b/reuters/training/3908
new file mode 100644
index 0000000000000000000000000000000000000000..cc72cc918cf3d240382080f096f38677730a8f77
--- /dev/null
+++ b/reuters/training/3908
@@ -0,0 +1,19 @@
+EMPIRE OF CAROLINA INC <EMP> 4TH QTR NET
+  Shr 71 cts vs 15 cts
+      Net 4,234,000 dlrs vs 803,000 dlrs
+      Revs 15.4 mln dlrs vs 10.3 mln dlrs
+      12 mths
+      Shr 1.26 dlrs vs 67 cts
+      Net 7,299,000 dlrs vs 3,607,000 dlrs
+      Revs 52.5 mln dlrs vs 40.7 mln dlrs
+      NOTE: Empire's investment in the Deltona Corp is reported
+  on the equity method beginning the fourth qtr of 1986. Amounts
+  for 1985 and the first three qtrs of 1986 have been restated to
+  reflect the retroactive application.
+      During 1986, the 17-1/2 pct debentures and 9-7/8 dlrs
+  preferred stock were redeemed or converted resulting in
+  6,028,755 common shares outstanding at December 31, 1986 as
+  compared to 2,408,766 common shares outstanding at December 31,
+  1985.
+  
+
diff --git a/reuters/training/3909 b/reuters/training/3909
new file mode 100644
index 0000000000000000000000000000000000000000..4498fcc49d260e2897a1c2803b25bfe9857c97c3
--- /dev/null
+++ b/reuters/training/3909
@@ -0,0 +1,14 @@
+ENSECO INC <NCCO> 4TH QTR LOSS
+  Oper shr loss six cts vs profit seven cts
+      Oper net loss 481,517 vs profit 487,432
+      Revs 7,492,686 vs 5,575,043
+      Avg shrs 8.5 mln vs 7.2 mln
+      Year
+      Oper shr loss six cts vs profit 34 cts
+      Oper net loss 465,043 vs profit 2,283,811
+      Revs 29.5 mln vs 19.8 mln
+      Avg shrs 7.8 mln vs 6.7 mln
+      NOTE: Excludes extraordinary credit of four cts a share in
+  fourth quarter 1986, and 15 cts in year.
+  
+
diff --git a/reuters/training/3910 b/reuters/training/3910
new file mode 100644
index 0000000000000000000000000000000000000000..f5321b8f37100c5bbd5c221147b1f785f417c018
--- /dev/null
+++ b/reuters/training/3910
@@ -0,0 +1,14 @@
+CORRECTED - REXNORD <REX> TO SELL RAILWAY UNIT
+  Rexnord Inc said it signed a
+  definitive agreement to sell its Railway Maintenance Equipment
+  Co subsidiary to Oak Industries Inc. Terms were withheld.
+      Also participating in the agreement was Banner Industries
+  Inc, which previously agreed to acquire Rexnord.
+      Railway Maintenance had 1986 sales of 16 mln dlrs.
+      Rexnord said the sale is part of a major program to divest
+  several of its businesses representing about 200 mln dlrs in
+  net assets. Still to be divested are the Process Machinery
+  Division with sales of 137 mln dlrs and Mathews Conveyer Co,
+  with sales of 83 mln dlrs. -- Corrects mame of purchaser
+  
+
diff --git a/reuters/training/3912 b/reuters/training/3912
new file mode 100644
index 0000000000000000000000000000000000000000..2f36be5e998eb586d71550fa70a06613adfbdb47
--- /dev/null
+++ b/reuters/training/3912
@@ -0,0 +1,25 @@
+WALL STREET STOCKS/SUPERMARKETS GENERAL <SGL>
+  Dart Group Corp <DARTA>, which wants
+  to acquire Supermarkets General Corp for 1.62 billion dlrs, is
+  not likely to give up without a fight if its target seeks
+  another buyer, arbitrageurs said.
+      Speculation that Dart's offer of 41.75 dlrs per share could
+  be just the beginning of a bidding contest helped Supermarkets
+  shares gain one to 42-1/8  on 2.3 mln shares.
+      One rumor had Federated Department Stores Inc <FDS> taking
+  a look at Supermarkets General. "Our policy is that we do not
+  comment on any rumors or speculation of this nature," a
+  Federated spokeswoman said.
+      An arbitrageur noted that Dart, controlled by chairman
+  Herbert H. Haft and his son Robert, last year raised its
+  initial bid for Safeway Stores by approximately 10 pct when
+  Safeway resisted.
+      However, that company was later sold to a buyout group that
+  topped the Hafts.
+      If history repeats itself, the Hafts could raise their bid
+  to 46 dlrs if they are rebuffed by Supermarkets General, the
+  arbitrageur said. But another arbitrageur said the Hafts'
+  present bid seemed "quite fair." He said the offer amounts to
+  10 times after-tax-cash flow which is "probably fully priced."
+  
+
diff --git a/reuters/training/3913 b/reuters/training/3913
new file mode 100644
index 0000000000000000000000000000000000000000..3fc30b6bd79fc5ce9a0a14ce217b90448cbe690e
--- /dev/null
+++ b/reuters/training/3913
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 455,000 TONNES  OF WHEAT SOLD TO CHINA FOR 1986/87 AND 1987/88
+
+  U.S. EXPORTERS REPORT 455,000 TONNES  OF WHEAT SOLD TO CHINA FOR 1986/87 AND 1987/88
+  
+
diff --git a/reuters/training/3916 b/reuters/training/3916
new file mode 100644
index 0000000000000000000000000000000000000000..26c3572f08a0cc55f4a879b2904accda535235f9
--- /dev/null
+++ b/reuters/training/3916
@@ -0,0 +1,9 @@
+AMERICAN MOTORS <AMO> WEIGHS TAKEOVER PROPOSAL
+  American Motors Corp said its
+  directors met Wednesday to review the takeover proposal which
+  the corporation received Monday from Chrysler Corp <C>.
+      AMC said its board has retained independent investment and
+  legal advisers and expects to meet periodically over the next
+  several weeks on the proposal.
+  
+
diff --git a/reuters/training/3917 b/reuters/training/3917
new file mode 100644
index 0000000000000000000000000000000000000000..dc1a2eb379d37d038dd2c005e4f0405a22fc9609
--- /dev/null
+++ b/reuters/training/3917
@@ -0,0 +1,6 @@
+BANGOR HYDRO-ELECTRIC CO <BANG> SETS DIVIDEND
+  Qtly div 25 cts vs 25 cts
+      Pay April 20
+      Record March 31
+  
+
diff --git a/reuters/training/3918 b/reuters/training/3918
new file mode 100644
index 0000000000000000000000000000000000000000..86f3560498ecfa8fc9d850dc7f04506fcf72e318
--- /dev/null
+++ b/reuters/training/3918
@@ -0,0 +1,14 @@
+KANSAS CITY SOUTHERN <KSU> MERGER RESPONSE
+  Kansas City Southern
+  Industries Inc said an attempt by Santa Fe Southern Pacific Co
+  <SFX> to reopen the proposed merger of the Atchison, Topeka and
+  Santa Fe Railway Co and the Southern Pacific Transportation Co
+  offers "nothing truly new."
+      In a letter to shippers, Kansas City Chairman Landon
+  Rowland stated "This proposed merger is plainly
+  anti-competitive, as found by the ICC and urged by the
+  Department of Justice. Nothing has changed."
+      Landon said Kansas City Southern is continuing its efforts
+  to acquire the transportation operation of Santa Fe Railway.
+  
+
diff --git a/reuters/training/392 b/reuters/training/392
new file mode 100644
index 0000000000000000000000000000000000000000..76afbfdd65768d038fb57a22033518656d3dbd6d
--- /dev/null
+++ b/reuters/training/392
@@ -0,0 +1,5 @@
+WHITTAKER CORP 1ST QTR OPER SHR 17 CTS VS 25 CTS
+
+  WHITTAKER CORP 1ST QTR OPER SHR 17 CTS VS 25 CTS
+  
+
diff --git a/reuters/training/3920 b/reuters/training/3920
new file mode 100644
index 0000000000000000000000000000000000000000..b29ac7c14275588cf83601b3085033197bfa74b3
--- /dev/null
+++ b/reuters/training/3920
@@ -0,0 +1,13 @@
+COKE AFFILIATE TO SELL DELAURENTIIS <DEG> STAKE
+  De Laurentiis Entertainment Group
+  Inc said Embassy Communications, a Californai general
+  partnership affiliated with Coca-Cola Co <KO>, plans to sell
+  its 10.1 pct stake in the company.
+      In a filing with the Securities and Exchange Commission for
+  a secondary offering, De Laurentiis said Embassy will offer its
+  entire stake in the company of 964,936 shares of common stock
+  in the public sale.
+      De Laurentiis said it has 9.6 mln shares outstanding.
+      PaineWebber Inc will underwrite the offering.
+  
+
diff --git a/reuters/training/3922 b/reuters/training/3922
new file mode 100644
index 0000000000000000000000000000000000000000..ac18dd8e16ec7b6db255e63b946acaca70165cd5
--- /dev/null
+++ b/reuters/training/3922
@@ -0,0 +1,11 @@
+HERLEY MICROWAVE <HRLY> 2ND QTR JAN 31 NET
+  Shr nine cts vs 17 cts
+      Net 275,000 vs 490,000
+      Rev 2.4 mln vs four mln
+      Six months
+      Shr 29 cts vs 31 cts
+      Net 885,000 vs 884,000
+      Rev 6.1 mln vs 7.1 mln
+      NOTE: Company's full name is Herley Microwave Systems Inc.
+  
+
diff --git a/reuters/training/3926 b/reuters/training/3926
new file mode 100644
index 0000000000000000000000000000000000000000..17795bb3eeb979809917a524a14cc6c6b7433fdc
--- /dev/null
+++ b/reuters/training/3926
@@ -0,0 +1,11 @@
+WILLIAMS COS <WMB> COMPLETES SALE OF UNIT
+  Williams Cos said it completed the
+  sale of its Agrico Chemical Co unit to Freeport-McMoRan
+  Resource Partners L.P. <FRP> for an initial 250 mln dlrs cash.
+      The company said it will also receive an additional 100 to
+  250 mln dlrs in five years based on the operating performance
+  of the unit.
+      It said the cash proceeds will be used to lower its debt
+  costs.
+  
+
diff --git a/reuters/training/3928 b/reuters/training/3928
new file mode 100644
index 0000000000000000000000000000000000000000..9c60fc6a3753e670504b9741f5adb7bb8d344e84
--- /dev/null
+++ b/reuters/training/3928
@@ -0,0 +1,23 @@
+EC COMMISSION REJECTS SUGAR THREATS - SOURCES
+  The European Community Commission has
+  told EC member states that it is not prepared to discuss EC
+  sugar prices while sugar traders threaten to make a huge sale
+  into intervention stocks to protest against its policies,
+  Commission sources said.
+      "Our position is that we are not willing to discuss the
+  problems of market prices at a time when traders are making
+  threats," one source said.
+      The sources said the Commission's view was made clear at a
+  meeting of its sugar management committee today.
+      They said French, West German and Dutch officials had
+  informed the committee that traders in their countries intended
+  to sell just over 850,000 tonnes of sugar into EC intervention
+  stocks.
+      The Commission riposted by signalling that it would sell
+  the sugar sold into intervention back onto the EC market by
+  tender, a move that would push down prices.
+      The sources said French traders planned to sell 775,000
+  tonnes into intervention stocks, West German traders 7,500
+  tonnes and Dutch traders 2,500.
+  
+
diff --git a/reuters/training/393 b/reuters/training/393
new file mode 100644
index 0000000000000000000000000000000000000000..ec054951845fcccd379fbfe7b0901a4cfc8d2163
--- /dev/null
+++ b/reuters/training/393
@@ -0,0 +1,30 @@
+VIACOM <VIA> RECEIVES TWO REVISED OFFERS
+  Viacom International Inc said it
+  received revised merger offers from <National Amusements Inc>
+  and <MCV Holdings Inc>.
+      The company said the special committee plans to meet later
+  today to review both offers.
+      Viacom said National Amusements' Arsenal Holdings Inc
+  raised the value of its offer for the Viacom shares not held by
+  National Amusements in three areas. National Amusements holds
+  19.6 pct of Viacom's stock.
+      The cash value of the offer was raised to 42.00 dlrs from
+  the 40.50 dlrs a Viacom share offered February 23 while the
+  value of the fraction of a share of exchangeable preferred
+  being offered was increased to 7.50 dlrs a share from six dlrs.
+  The interest rate to be used to increase the cash value of the
+  merger, if delayed beyond April 30, was raised to nine pct from
+  eight pct and 12 pct after May 31.
+      A Viacom spokesman said the Arsenal Holdings's offer
+  continues to include a 20 pct interest in Arsenal for present
+  Viacom shareholders.
+      Viacom said MCV Holdings, a group which includes the
+  company's senior management and the Equitable Life Assurance
+  Society of the United States, raised the value of its offer by
+  increasing the value of the preferred being offered to 8.50
+  dlrs from 8.00 dlrs a share and raising the ownership in the
+  new company to be held by present Viacom shareholders to 45 pct
+  from 25 pct. MCV called its previous offer, made February 26,
+  the "final" proposed revision of its agreement with Viacom.
+  
+
diff --git a/reuters/training/3930 b/reuters/training/3930
new file mode 100644
index 0000000000000000000000000000000000000000..dd61f4e24e6a71ea11a404574b162595c93f5774
--- /dev/null
+++ b/reuters/training/3930
@@ -0,0 +1,13 @@
+TREASURY BALANCES AT FED FELL ON MARCH 10
+  Treasury balances at the Federal
+  Reserve fell on March 10 to 2.842 billion dlrs from 3.073
+  billion dlrs the previous business day, the Treasury said in
+  its latest budget statement.
+      Balances in tax and loan note accounts fell to 9.828
+  billion dlrs from 11.418 billion dlrs on the same respective
+  days.
+      The Treasury's operating cash balance totaled 12.670
+  billion dlrs on March 10 compared with 14.490 billion dlrs on
+  March 9.
+  
+
diff --git a/reuters/training/3931 b/reuters/training/3931
new file mode 100644
index 0000000000000000000000000000000000000000..cf19f3b97663bfa96e8eabe9a6bb21574a35f247
--- /dev/null
+++ b/reuters/training/3931
@@ -0,0 +1,55 @@
+SOUTH KOREA TO MAINTAIN TRADE SURPLUS 3-5 YEARS
+  South Korean Trade Minister Rha
+  Woong Bae said his nation would maintain a trading surplus for
+  three to five years as a way to cut its foreign debt.
+      He said in an interview with Reuters that after a few years
+  it was likely South Korea would drop barriers to foreign goods
+  and move toward a more balanced trade position.
+      He said the present trade surplus was vital if his nation
+  was to reduce its 44.5 billion dlr foreign debt.
+      Rha said that 1986 was the first year South Korea had a
+  trade surplus - 4.5 billion dlrs, against a 1985 deficit of 900
+  mln dlrs.
+      Asked if South Korea would drop its trade barriers once its
+  foreign debt was substantially reduced, he said "yes, I think
+  so."
+      Rha made his remarks at the end of a two-week trade mission
+  here during which a team he led agreed to buy U.S. products
+  valued at 1.8 billion dlrs.
+      About 800 mln dlrs of the purchases are in goods of the
+  type South Korea normally bought from Japan.
+      Rha was to leave later today for Ottawa for trade talks
+  with Canadian officials and businessmen.
+      He said in the interview the U.S. purchases were to reduce
+  his country's 7.1 billion dlr surplus with the United States
+  and also to cut its 5.6 billion dlr shortfall with Japan.
+      Rha said it was also due to a shift in exchange rates
+  between the U.S. dollar and the yen that made it cheaper to buy
+  U.S. goods than Japanese goods.
+      He said South Korea heavily relied on foreign trade and he
+  hoped the leaders of major trading nations could find a way to
+  resolve the growing trend toward protectionist legislation.
+      Rha said "I hope the leaders can get together to find a
+  solution by making some mutually satisfactory concessions."
+      But he added "the leaders seem hesitant to make concessions
+  because of domestic political reasons."
+      Speaking of his own country, he said "We have made a lot of
+  concessions already."
+      He cited regulations permitting foreign investment in
+  industrial firms, allowing increased foreign banking activity
+  and cracking down on piracy of intellectual property by
+  strengthening protection of copyrights and patents.
+      Rha said South Korea had also lowered many of its tariffs.
+      Asked if South Korea would retaliate against U.S. goods if
+  Congress closed U.S. markets to its products, he said "at this
+  moment, we have no thought of retaliation."
+      South Korea is a major exporter to the United States of
+  textiles and apparel and electronic goods, such as television
+  sets, video cassette records and personal computers.
+      Its puchases from the United States include electronic
+  testing equipment and grains and cotton.
+      The trade mission's purchases here included three Boeing
+  passenger planes for 400 mln dlrs, four McDonnell Douglas
+  planes for 300 mln dlrs; and machinery worth 725 mln dlrs.
+  
+
diff --git a/reuters/training/3933 b/reuters/training/3933
new file mode 100644
index 0000000000000000000000000000000000000000..b53381b2c10d478fa2bf4ee26f4447d20a2c5ed3
--- /dev/null
+++ b/reuters/training/3933
@@ -0,0 +1,14 @@
+HONG KONG FIRM UPS CALMAT <CZM> STAKE TO 9.8 PCT
+  Industrial Equity (Pacific) Ltd, a
+  Hong Kong investment firm, said it raised its stake in Calmat
+  Co to 1,480,830 shares, or 9.8 pct of the total outstanding
+  common stock, from 1,217,230 shares, or 8.0 pct.
+      In a filing with the Securities and Exchange Commission,
+  Industrial Equity, which is principally owned by Brierley
+  Investments Ltd, a publicly held New Zealand firm, said it
+  bought 263,600 Calmat common shares between Feb 17 and March 9
+  for 13.1 mln dlrs.
+      It has said it bought the stock for investment purposes,
+  but may raise its stake to 15 pct.
+  
+
diff --git a/reuters/training/3934 b/reuters/training/3934
new file mode 100644
index 0000000000000000000000000000000000000000..6d4d0720e76ccf746e8f9a68b7fdef93559462a5
--- /dev/null
+++ b/reuters/training/3934
@@ -0,0 +1,14 @@
+PARALAX VIDEO <VIDO> TO BUY AMERICAN VIDEO
+  Paralax Video Enterprises Inc said it
+  signed a definitive agreement to buy <American Video Group Inc>
+  for stock.
+      According to the merger proposal, American Video
+  shareholders will receive about 287,700 restricted Paralax
+  shares, and warrants to buy another 318,600 restricted shares
+  at six dlrs a share. The warrants run for three years.
+      In addition, it said holders of American Video convertible
+  debentures agreed to exchange their holdings for about 380,000
+  dlrs worth of Paralax stock.
+      American Video operates stores in U.S. military bases.
+  
+
diff --git a/reuters/training/3937 b/reuters/training/3937
new file mode 100644
index 0000000000000000000000000000000000000000..a1e5d444f0d69596ee95bbfba2e88f09bfc8fc54
--- /dev/null
+++ b/reuters/training/3937
@@ -0,0 +1,13 @@
+LAMSON/SESSIONS <LMS>DROPS RAIL PARTS OPERATIONS
+  Lamson and Sessions Co said it has
+  decided to discontinue operations of Youngstown Steel Door, a
+  maker of components and equipment for railroad freight cars.
+      The company said the unit is to be sold sometime this year,
+  so was included as discontinued operations in its 1986 results
+  announced earlier today.
+      The company reported a loss from continuing operations of
+  2.5 mln dlrs for the year, against a 1985 profit of 1.2 mln
+  dlrs. For discontinued operations, it reported a loss of 9.5
+  mln dlrs compared to a year earlier loss of 922,000 dlrs.
+  
+
diff --git a/reuters/training/3939 b/reuters/training/3939
new file mode 100644
index 0000000000000000000000000000000000000000..8c40181cbb583640fcd20ba9b7d9c9f2ae942e7b
--- /dev/null
+++ b/reuters/training/3939
@@ -0,0 +1,7 @@
+ROCHESTER TELEPHONE <RTC> TO BUY CANTON PHONE
+  Rochester Telephone Corp said
+  it agreed to buy <Canton Telephone Co> for undisclosed terms.
+      Canton serves customers in northeastern Penn. In 1986, it
+  had operating revenues of about 1.3 mln dlrs, the company said.
+  
+
diff --git a/reuters/training/3942 b/reuters/training/3942
new file mode 100644
index 0000000000000000000000000000000000000000..d2640be55774684e5fe24ce7c018c7ec35740f2d
--- /dev/null
+++ b/reuters/training/3942
@@ -0,0 +1,36 @@
+OREGON LUMBER COMPANY TO SELL WOOD TO IRAQ
+  A Portland-based wood
+  products company has signed a 13 mln dlr contract with the
+  Iraqi government to supply finished softwood lumber to Iraq,
+  Edward Niedermeyer, president of Niedermeyer-Martin Co said
+  yesterday.
+      Niedermeyer told the House Foreign Affairs sub-committee on
+  International Economic Policy and Trade in Washington that the
+  sales agreement contains an option that could make lumber
+  exported worth more than 20 mln dlrs.
+      The delivery of about 8.0 mln dlrs worth of plywood, in
+  addition to lumber, hinges on whether the U.S. Department of
+  Agriculture will interpret plywood as an agricultural commodity
+  under the credit guarantee program, he said.
+      Niedermeyer said the government export credit guarantee
+  program (GSM-102) administered by the USDA was the key to
+  opening the Iraqi market which up to now had been captured by
+  Scandinavian lumber producers.
+      "This is the first time we have been able to sell wood
+  products in Iraq, he said. Without the USDA program it would
+  not have been possible. We hope this will lead to a long term
+  export market for U.S. lumber products."
+      He said the contract calls for supplying 21 mln board feet
+  to 30 mln board feet of softwood lumber for housing,
+  construction and furniture manufacturing. He estimated the
+  profit potential for his company on the sale at five to six
+  pct.
+      Niedermeyer spent two weeks in Baghdad negotiating the sale
+  late last month and early March. He is a member of the United
+  States-Iraq Business Forum, a non-profit group designed to
+  promote commerce with Iraq.
+      The forum members include Westinghouse and General
+  Electric, but Niedermeyer's company is the only wood products
+  firm on the membership roster.
+  
+
diff --git a/reuters/training/3944 b/reuters/training/3944
new file mode 100644
index 0000000000000000000000000000000000000000..f4babbf6e4fcb1df8580431e59619a69230ff250
--- /dev/null
+++ b/reuters/training/3944
@@ -0,0 +1,6 @@
+WALLACE COMPUTER SERVICES INC <WCS> DIVIDEND
+  Qtly div 15 cts vs 15 cts previously
+      Pay June 19
+      Record June One
+  
+
diff --git a/reuters/training/3946 b/reuters/training/3946
new file mode 100644
index 0000000000000000000000000000000000000000..e0042fa9901cc5fb98d73f40ccb6b7370400fa67
--- /dev/null
+++ b/reuters/training/3946
@@ -0,0 +1,13 @@
+IROQUOIS BRANDS LTD <IBL> 4TH QTR LOSS
+  Oper shr loss 97 cts vs loss 73 cts
+      Oper net loss 883,000 vs loss 659,000
+      Revs 19.4 mln vs 16.7 mln
+      12 mths
+      Oper shr loss 2.37 dlrs vs loss 1.97 dlrs
+      Oper net loss 2,228,000 vs loss 2,145,000
+      Revs 72.4 mln vs 63.8 mln
+      NOTE: Excludes gain 3.41 dlrs a share versus gain 41 cts in
+  the quarter, and gain 5.68 dlrs a share versus gain 1.99 dlrs
+  in the year from discontinued and disposed operations.
+  
+
diff --git a/reuters/training/3948 b/reuters/training/3948
new file mode 100644
index 0000000000000000000000000000000000000000..12439082da8750390f6f9e1b4f61f68f9e102105
--- /dev/null
+++ b/reuters/training/3948
@@ -0,0 +1,13 @@
+ALABAMA INVESTOR UPS PENOBSCOT SHOE <PSO> STAKE
+  Donaldson Bramham Lee, an investor
+  from Birmingham, Alabama, said he raised his stake in Penobscot
+  Shoe Co to 40,500 shares, or 6.6 pct of the total outstanding
+  common stock, from 33,500 shares, or 5.5 pct.
+      In a filing with the Securities and Exchange Commission,
+  Lee said he bought 7,000 Penobscot common shares between Feb 12
+  and March 2 at prices ranging from 13.75 to 16.25 dlrs a share.
+      Lee has said he bought the Penobscot stock for investment
+  purposes only and has no plans to seek control of the company,
+  although he may buy more stock.
+  
+
diff --git a/reuters/training/3949 b/reuters/training/3949
new file mode 100644
index 0000000000000000000000000000000000000000..ba4c299252eddb219daa823f32dd7f45bb9b92a3
--- /dev/null
+++ b/reuters/training/3949
@@ -0,0 +1,16 @@
+U.S. CORN DEMAND GROWING IN JAPAN, SOUTH KOREA
+  The recent purchase of 1.5 mln
+  tonnes of U.S. corn by Japan and 600,000 tonnes by South Korea
+  suggests that the two countries' demand for reliable supplies
+  of corn is increasing, the U.S. Agriculture Department said.
+      In its World Production and Trade Report, the department
+  said that view is reinforced by the expectation of a decline in
+  exportable supplies of Argentine corn and uncertainty over the
+  availability of South African and Chinese corn.
+      With these corn purchases, Japan is committed to buying 7.7
+  mln tonnes of U.S. corn in 1986/87 (Sept-Aug), nearly 400,000
+  tonnes greater than year-ago figures to date.
+      South Korea's cumulative commitments amount to 2.5 mln
+  tonnes, up 1.5 mln compared to last year, it said.
+  
+
diff --git a/reuters/training/395 b/reuters/training/395
new file mode 100644
index 0000000000000000000000000000000000000000..7b9ee0dfcaffd234f4559b46a20ffbc421f215a9
--- /dev/null
+++ b/reuters/training/395
@@ -0,0 +1,14 @@
+FRENCH ESTIMATE 86/87 WHEAT DELIVERIES UNCHANGED
+  The French Cereals Intervention Board,
+  ONIC, left its estimate of French 1986/87 (July/June) soft
+  wheat deliveries unchanged from its last forecast at 21.98 mln
+  tonnes.
+      This compared with deliveries of 24.38 mln tonnes in
+  1985/86 (August/July).
+      Estimated 1986/87 maize deliveries were also left unchanged
+  from ONIC's previous forecast at the beginning of February at
+  9.91 mln tonnes against 10.77 mln the previous season.
+      Barley deliveries were also unchanged at 6.62 mln tonnes
+  against 7.7 mln in 1985/86.
+  
+
diff --git a/reuters/training/3950 b/reuters/training/3950
new file mode 100644
index 0000000000000000000000000000000000000000..d2c321a274c1e6d54fc991a889a294b7ea0343bf
--- /dev/null
+++ b/reuters/training/3950
@@ -0,0 +1,13 @@
+MEXICO VEG OIL TAX NOT AIMED AT SUNFLOWER--USDA
+  The Mexican Secretariat of Commerce
+  has told the U.S. that recent implementation of a 10 pct ad
+  valorem tariff for fixed vegetable oils, fluid or solid, crude,
+  refined or purified, was not targeted at sunflower oil, the
+  U.S. Agriculture Department said.
+      In its World Production and Trade Report, the department
+  said the increase in tariffs on this category which includes
+  sunflower, corn and rapeseed oils, was a reaction to importers
+  using basket categories to avoid paying tariffs on specific
+  high-tariff products.
+  
+
diff --git a/reuters/training/3951 b/reuters/training/3951
new file mode 100644
index 0000000000000000000000000000000000000000..5109c798b105c1035a75f347297040c877990547
--- /dev/null
+++ b/reuters/training/3951
@@ -0,0 +1,13 @@
+AERO SERVICES <AEROE> SEES BETTER 1987
+  Aero Services International Inc
+  said it expects to achieve improvements in overall operations
+  in the year ending September 30, 1987.
+      Earlier, Aero reported a 1986 year end net loss of 3.0 mln
+  dlrs compared to a profit of 483,000 dlrs in 1985.
+      The company said the loss was attributable to costs
+  associated with its acquisition costs and operating losses of
+  nine Beckett Aviation fixed base operations purchased in August
+  1985 and discontinued weather service and flight simulator
+  segments.
+  
+
diff --git a/reuters/training/3952 b/reuters/training/3952
new file mode 100644
index 0000000000000000000000000000000000000000..4a218dddc92445a2750283ed9a5dee041d69378d
--- /dev/null
+++ b/reuters/training/3952
@@ -0,0 +1,10 @@
+AERO SERVICES INTERNATIONAL INC <AEROE> YEAR
+  Shr loss 63 cts vs profit 10 cts
+      Net loss 3.0 mln vs profit 483,000
+      Revs 61.9 mln vs 43.7 mln
+      NOTE:1986 net loss includes loss of 1.4 mln dlrs or 28 cts
+  a share from discontinued operations. 1986 revenues include
+  revenues for the last eight months of Beckett Aviation,
+  acquired in September of 1985. Year ended September 30, 1986.
+  
+
diff --git a/reuters/training/3954 b/reuters/training/3954
new file mode 100644
index 0000000000000000000000000000000000000000..80e763aef5dcc8ca9bcc1c05fa568c241ad7b25b
--- /dev/null
+++ b/reuters/training/3954
@@ -0,0 +1,10 @@
+VISTA RESOURCES INC <VIST> 4TH QTR NET
+  Shr 1.36 dlrs vs one dlr
+      Net 1,010,249 vs 750,856
+      Revs 15.2 mln vs 11.9 mln
+      12 mths
+      Shr 3.24 dlrs vs 2.18 dlrs
+      Net 2,407,186 vs 1,627,250
+      Revs 57 mln vs 53.1 mln
+  
+
diff --git a/reuters/training/3955 b/reuters/training/3955
new file mode 100644
index 0000000000000000000000000000000000000000..dec27a0af25f96394938b0b21eb9ca69f323a731
--- /dev/null
+++ b/reuters/training/3955
@@ -0,0 +1,22 @@
+BRAZIL COFFEE EXPORTS DISRUPTED BY STRIKE
+  An 11-day-old strike by
+  Brazilian seamen is affecting coffee shipments and could lead
+  to a short term supply squeeze abroad, exporters said.
+      They could not quantify how much coffee has been delayed
+  but said at least 40 pct of coffee exports are carried by
+  Brazilian ships and movement of foreign vessels has also been
+  disrupted by port congestion caused by the strike.
+      A series of labor disputes and bad weather has meant
+  Brazil's coffee exports have been running at an average two
+  weeks behind schedule since the start of the year, one source
+  added.
+      By the end of February shipments had fallen 800,000 bags
+  behind registrations, leaving around 2.4 mln bags to be shipped
+  during March. By March 10 only 230,000 bags had been shipped,
+  the sources said.
+      Given Brazil's port loading capacity of around 100,000 bags
+  a day, even if normal operations were resumed immediately and
+  not interrupted by bad weather, some March registered coffee
+  will inevitably be shipped during April, they added.
+  
+
diff --git a/reuters/training/3957 b/reuters/training/3957
new file mode 100644
index 0000000000000000000000000000000000000000..b412101470e506a3fbc9815ecd1ec0a21e70be67
--- /dev/null
+++ b/reuters/training/3957
@@ -0,0 +1,28 @@
+ALCOA DECLINES SPECIFIC COMMENT ON OPTIONS TRADE
+  Alcoa officials acknowledged the
+  possibility that they may have a position in the off-exchange
+  aluminum options market, but declined specific comment on trade
+  speculation that the company is holding a large outstanding
+  position.
+      An Alcoa (Aluminum Company of America) source involved in
+  terminal trading for the company said: "We use all means
+  available to manage our business, so it's a possibility we're
+  trading options."
+      "We won't go into specifics about what we're doing. But
+  when you're dealing in un-alloyed ingot, it's a commodity
+  business where there are a lot of tools available (for hedging)
+  and Alcoa is using all of those tools," said Al Posti, Alcoa's
+  manager of corporate news.
+      Trade sources have said Alcoa is long call options equal to
+  30,000 to 50,000 tonnes of aluminum due to mature in April and
+  May. However, some New York-based aluminium traders said they
+  believe the size of Alcoa's position has been exaggerated.
+      The possibility that Alcoa may be long call options is one
+  factor indicating that supply tightness may worsen in the
+  second quarter, traders said.
+      "If they decide to exercise their right to buy, it would
+  mean really squeezing the market," one New York trader said,
+  noting that aluminum stocks on the London Metal Exchange were
+  90,500 tonnes at the end of last week.
+  
+
diff --git a/reuters/training/3958 b/reuters/training/3958
new file mode 100644
index 0000000000000000000000000000000000000000..74198c20050baf8a948deb5ad3056df30affd389
--- /dev/null
+++ b/reuters/training/3958
@@ -0,0 +1,13 @@
+BRAE CORP <BRAE> 3RD QTR DEC 31 LOSS
+  Shr loss 1.32 dlrs vs profit two cts
+      Net loss 5,666,000 vs profit 84,000
+      Revs 12.0 mln vs 21.7 mln
+      Nine mths
+      Shr loss 1.87 dlrs vs loss 71 cts
+      Net loss 8,030,000 vs loss 3,062,000
+      Revs 40.9 mln vs 53.0 mln
+      Note: includes losses from discontinued operations of
+  190,000 dlrs vs loss 185,000 dlrs in 3rd qtr and 731,000 dlrs
+  loss vs 815,000 dlrs loss in nine mths.
+  
+
diff --git a/reuters/training/3959 b/reuters/training/3959
new file mode 100644
index 0000000000000000000000000000000000000000..396b327b26f765ad92e57cca52bd497a18e9abc2
--- /dev/null
+++ b/reuters/training/3959
@@ -0,0 +1,5 @@
+MARATHON TO RAISE CRUDE PRICES 50 CTS/BBL TOMORROW WTI  TO 17.50 DLRS
+
+  MARATHON TO RAISE CRUDE PRICES 50 CTS/BBL TOMORROW WTI  TO 17.50 DLRS
+  
+
diff --git a/reuters/training/396 b/reuters/training/396
new file mode 100644
index 0000000000000000000000000000000000000000..3ff8c8e00cca2de81642e244bcb97a52fcc32266
--- /dev/null
+++ b/reuters/training/396
@@ -0,0 +1,5 @@
+WASTE MANAGEMENT CORP VOTES TWO FOR ONE STOCK SPLIT AND BOOSTS QTLY DIVIDEND TO 18 CTS
+
+  WASTE MANAGEMENT CORP VOTES TWO FOR ONE STOCK SPLIT AND BOOSTS QTLY DIVIDEND TO 18 CTS
+  
+
diff --git a/reuters/training/3960 b/reuters/training/3960
new file mode 100644
index 0000000000000000000000000000000000000000..a640f7baba5e33075fca85643255efa75a7ad232
--- /dev/null
+++ b/reuters/training/3960
@@ -0,0 +1,10 @@
+GENERAL ELECTRIC <GE> TO SELL DATEL UNIT
+  General Electric Co's GE
+  Semiconductor Business said it agreed to sell its Datel unit to
+  a group led by the unit's president, Nicolas Tagaris.
+      Terms were not disclosed.
+      Tagaris founded the company, which produces precision data
+  acquisition, conversion and control components and subsystems,
+  in 1970. He sold it to GE in 1979.
+  
+
diff --git a/reuters/training/3961 b/reuters/training/3961
new file mode 100644
index 0000000000000000000000000000000000000000..0f47af202e81968b89e4ab75899d42ce3c92408f
--- /dev/null
+++ b/reuters/training/3961
@@ -0,0 +1,11 @@
+TRICO <TRO> SETS DATE FOR ACQUISITION VOTE
+  Trico Industries Inc said it
+  set March 31 as the date for a special shareholders meeting for
+  a vote on the proposed acquisition of the company by Paccar Inc
+  <PCAR>.
+      In January the two companies announced an agreement
+  covering a proposed acquisition by Paccar of Trico's
+  approximately 8.2 mln shares outstanding for eight dlrs per
+  share in cash.
+  
+
diff --git a/reuters/training/3964 b/reuters/training/3964
new file mode 100644
index 0000000000000000000000000000000000000000..a6b4a2dfd39ca7d51976e2a66e05ba6f0de86bfe
--- /dev/null
+++ b/reuters/training/3964
@@ -0,0 +1,5 @@
+HUGHES TOOL SHAREHOLDERS APPROVE MERGER WITH BAKER INTERNATIONAL
+
+  HUGHES TOOL SHAREHOLDERS APPROVE MERGER WITH BAKER INTERNATIONAL
+  
+
diff --git a/reuters/training/3968 b/reuters/training/3968
new file mode 100644
index 0000000000000000000000000000000000000000..f44b76738c87b83b1897311f71e9476d4a7e3bff
--- /dev/null
+++ b/reuters/training/3968
@@ -0,0 +1,6 @@
+<CANADIAN GYPSUM CO LTD> YEAR NET
+  Shr 3.13 dlrs vs 2.02 dlrs
+      Net 39.1 mln vs 26.9 mln
+      Revs 203.2 mln vs 173.8 mln
+  
+
diff --git a/reuters/training/3970 b/reuters/training/3970
new file mode 100644
index 0000000000000000000000000000000000000000..bec9b5d76fc0681f11ebaaa12d7b91a7d3521a7b
--- /dev/null
+++ b/reuters/training/3970
@@ -0,0 +1,12 @@
+CREW UNION SETS PACT WITH PACIFIC SOUTHWEST <PSG>
+  Pacific Southwest Airlines said it
+  reached an agreement with the Southwest Crew Controllers
+  Association needed to satisfy conditions of USAir Group's <U>
+  proposed acquisition of PSA.
+      PSA said this is the third of four unions agreement is
+  needed with for USAir's acquisition to be consummated.
+      Under the agreement, PSA crew controllers received
+  assurances they will be provided with labor protective
+  provisions and a seniority integration process.
+  
+
diff --git a/reuters/training/3971 b/reuters/training/3971
new file mode 100644
index 0000000000000000000000000000000000000000..c291be998cf0d9013244cb86d7cc4cfb161d74cf
--- /dev/null
+++ b/reuters/training/3971
@@ -0,0 +1,10 @@
+SOUTHERNNET INC <SOUT> 4TH QTR NET
+  Shr 32 cts vs four cts
+      Net 3,370,000 vs 353,000
+      Revs 27.8 mln vs 20.2 mln
+      Year
+      Shr 35 cts vs 67 cts
+      Net 3,543,000 vs 3,845,000
+      Revs 103.6 mln vs 74.8 mln
+  
+
diff --git a/reuters/training/3973 b/reuters/training/3973
new file mode 100644
index 0000000000000000000000000000000000000000..872ac0e5849b4fbd16767ea9fb63c3b357358640
--- /dev/null
+++ b/reuters/training/3973
@@ -0,0 +1,13 @@
+SENATOR LUGAR CALLS FOR CARGO PREFERENCE REPEAL
+  The senior Republican on the U.S.
+  Senate Agriculture Committee, Richard Lugar of Indiana, called
+  for repeal of the cargo preference law that aids the American
+  shipping industry but which he said hurts farmers.
+      "Cargo preference is a costly special interest operated at
+  the expense of American farmers and dockworkers," Lugar said in
+  signing on as a co-sponsor or cargo preference repeal
+  legislation.
+      The law requires shipment of U.S. goods on American ships
+  rather than foreign vessels which are less costly.
+  
+
diff --git a/reuters/training/3976 b/reuters/training/3976
new file mode 100644
index 0000000000000000000000000000000000000000..257f3641c330ca7831c850ea7775af3786c694fe
--- /dev/null
+++ b/reuters/training/3976
@@ -0,0 +1,5 @@
+EIA SAYS DISTILLATE STOCKS OFF 8.8 MLN, GASOLINE OFF 500,000, CRUDE OFF 1.2 MLN
+
+  EIA SAYS DISTILLATE STOCKS OFF 8.8 MLN, GASOLINE OFF 500,000, CRUDE OFF 1.2 MLN
+  
+
diff --git a/reuters/training/3977 b/reuters/training/3977
new file mode 100644
index 0000000000000000000000000000000000000000..9b390f607144250a6f1d97efa759ff2c4171a4ea
--- /dev/null
+++ b/reuters/training/3977
@@ -0,0 +1,8 @@
+SYLVAN LEARNING CORP <SLVN> NINE MONTHS DEC 31
+  Shr loss 43 cts vs profit eight cts
+      Net loss 3.1 mln vs profit 502,896
+      Revs 5.6 mln vs 4.2 mln
+      NOTE:1986 net includes negative effect of accounting change
+  of 354,650 or five cts a share.
+  
+
diff --git a/reuters/training/3979 b/reuters/training/3979
new file mode 100644
index 0000000000000000000000000000000000000000..9ef9861b1b665ea929443253ba9f7631170a5c18
--- /dev/null
+++ b/reuters/training/3979
@@ -0,0 +1,31 @@
+BIG U.S. CONSERVATION ENROLLMENT EXPECTED
+  Enrollment in the U.S. Agriculture
+  Department's fourth conservation signup is expected to be
+  announced tomorrow, and USDA officials said the figure may be
+  higher than total enrollment for the first three signups.
+      Enrollment will be in the range of seven to 12 mln acres,
+  USDA conservation specialists said. Total enrollment so far in
+  the 10-year conservation program is 8.9 mln acres.
+      Producers submitted bids to enter 11 to 12 mln acres into
+  the program, Milton Hertz, administrator for USDA's
+  Agricultural Stabilization and Conservation Service said at a
+  congressional hearing yesterday. Not all the bids will be
+  accepted, Hertz said, but enrollment is expected to be high.
+      As in the first three signups, the Great Plains area is
+  expected to attract the greatest enrollment.
+      "The Great Plains area will be the predominate area which
+  we'll get signup in," a USDA conservation specialist said.
+      Marginal corn acreage will likely be the bulk of the
+  acreage pulled from that area, he said.
+      Fringe soybean acres in the southeast and some bean acreage
+  in the midwest are also expected to be taken out of production,
+  but the USDA source said this would be a relatively small
+  percent of the total.
+      A special two dlr bonus to corn producers who enroll part
+  of their corn base acreage into the program has sparked more
+  interest in this latest signup, USDA officials said.
+      Under the program, USDA pays farmers annual rents to take
+  land out of production for 10 years. The average rent payment
+  accepted in the first three signups was 43.50 dlrs per acre.
+  
+
diff --git a/reuters/training/398 b/reuters/training/398
new file mode 100644
index 0000000000000000000000000000000000000000..ad65f1ee9ca1978267c3ee79a4ecf3dc076c890c
--- /dev/null
+++ b/reuters/training/398
@@ -0,0 +1,5 @@
+PITTSTON AGREES TO ACQUIRE WTC INTERNATIONAL IN EXCHANGE OF STOCK
+
+  PITTSTON AGREES TO ACQUIRE WTC INTERNATIONAL IN EXCHANGE OF STOCK
+  
+
diff --git a/reuters/training/3980 b/reuters/training/3980
new file mode 100644
index 0000000000000000000000000000000000000000..1c064b8f13d4d1bb1f2006c98d5c052f4d764d7b
--- /dev/null
+++ b/reuters/training/3980
@@ -0,0 +1,16 @@
+EIA SAYS DISTILLATE, GAS STOCKS OFF IN WEEK
+  Distillate fuel stocks held in
+  primary storage fell by 8.8 mln barrels in the week ended March
+  six to 119.6 mln barrels, the Energy Information Administration
+  (EIA) said.
+      In its weekly petroleum status report, the Department of
+  Energy agency said gasoline stocks were off 500,000 barrels in
+  the week to 251.0 mln barrels and refinery crude oil stocks
+  fell 1.2 mln barrels to 331.8 mln.
+      The EIA said residual fuel stocks fell 1.5 mln barrels to
+  36.4 mln barrels and crude oil stocks in the Strategic
+  Petroleum Reserve (SPR) rose 200,000 barrels to 516.7 mln.
+      The total of all crude, refined product and SPR stocks fell
+  10.3 mln barrels to 1,564.8, it said.
+  
+
diff --git a/reuters/training/3981 b/reuters/training/3981
new file mode 100644
index 0000000000000000000000000000000000000000..1494cb58c8b6bf680a2596d717995443b8c5e497
--- /dev/null
+++ b/reuters/training/3981
@@ -0,0 +1,67 @@
+MORE HEAVY RAINS IN ARGENTINE GRAIN AREAS
+  Heavy rains fell again in
+  Argentina's main grain growing areas in the week to yesterday,
+  trade sources said.
+      Rains fell heaviest early in the week, and in particularly
+  high volume in Buenos Aires province, Cordoba, La Pampa and
+  Santa Fe provinces.
+      Rainfall totalled between 20 and 290 mm in Buenos Aires,
+  heaviest in western sectors of the province, 20 to 145 mm in La
+  Pampa, 25 to 120 mm in Cordoba, and 10 to 75 mm in Santa Fe.
+  Rainfall was lighter in other provinces.
+      Rainfall totalled from five to 50 mm in Corrientes, five to
+  31 mm in San Luis, five to 30 mm in Entre Rios, three to 20 mm
+  in Misiones, 11 to 17 mm in Formosa and one to eight mm in
+  Chaco.
+      Growers said it was still too early to tell whether the
+  rains had damaged crops, though they said maize and sunflower
+  crops may have suffered.
+      Harvesting of both those crops and sorghum was paralysed by
+  the bad weather. For harvesting to resume as normal, the rains
+  would have to stop long enough for the soil to dry and allow
+  farm machinery to operate.
+      The rains caused flooding in western and northwestern
+  Buenos Aires, as more than 750 mm have fallen in some areas
+  there since February 23 while the annual average is 1,200 mm.
+      Flooded areas total between 1.2 and 1.5 mln hectares,
+  Buenos Aires province governor Alejandro Armendariz said after
+  flying over the flooded area.
+      Agriculture Secretary Ernesto Figueras said only 500,000
+  hectares of the area now flooded had been planted, and that
+  200,000 to 300,000 hectares could be lost. Growers said large
+  parts of the flooded areas were not planted because they are
+  low-lying and flood easily.
+      Trade sources said it was certain crops were damaged by the
+  heavy rains but it was too early to tell the exact extent of
+  the damage. They said it was likely rain combined with high
+  winds uprooted many sunflower and maize plants.
+      The sunflower harvest moved forward in the centre and south
+  of Cordoba and Santa Fe and got underway in a few isolated
+  areas of northern Buenos Aires. Growers have harvested between
+  15 and 18 pct of total planted area, up from seven to nine pct
+  a week ago.
+      Estimates of the total volume of the sunflower crop were
+  revised downward in light of the bad weather.
+      Estimates for total crop ranged from 2.3 to 2.6 mln tonnes,
+  down from 2.4 to 2.7 mln tonnes estimated last week and down
+  34.1 to 41.5 pct from last year's record harvest of 4.1 mln
+  tonnes.
+      Maize harvesting also advanced, reaching between 13 and 15
+  pct of total planted area compared to seven to nine pct a week
+  ago. The maize harvest is expected to total between 10 and 10.2
+  mln tonnes, down from the 10 to 10.4 mln tonnes estimated a
+  week ago.
+      Last year's maize harvest totalled 12.8 mln tonnes,
+  according to official figures.
+      Soybean production estimates were revised downward, to 7.8
+  to 8.2 mln tonnes compared to estimates of eight to 8.4 mln
+  tonnes a week ago. Last year's soybean harvest totalled 7.1 mln
+  tonnes, according to official figures.
+      Sorghum harvesting moved slowly forward, reaching between
+  four and six pct of total planted area, compared to two to four
+  pct a week ago.
+      Sorghum production estimates remained steady at 3.2 to 3.5
+  mln tonnes, down 16.7 to 22 pct from the 4.1 to 4.2 mln tonnes
+  produced in the last harvest.
+  
+
diff --git a/reuters/training/3982 b/reuters/training/3982
new file mode 100644
index 0000000000000000000000000000000000000000..0d91820464607006afee3413986bac780ac557eb
--- /dev/null
+++ b/reuters/training/3982
@@ -0,0 +1,25 @@
+PHILIPPINE DEBT TALKS DELAYED FOR CONSULTATIONS
+  Today's debt rescheduling talks
+  between the Philippines government and its bank advisory
+  committee were postponed until Thursday to give the banks more
+  time to consider Manila's novel proposal for paying part of its
+  interest bill in notes instead of cash, bankers said.
+      The committee banks met briefly earlier today and decided
+  that they needed more time in particular to consider a news
+  report which quoted a Reagan Administration official as urging
+  that the proposal be given serious consideration.
+      "The banks felt that this was new information and that
+  further consultation was called for," one banker said.    
+      In a despatch yesterday from Washington, Reuters quoted the
+  official as saying Manila's plan to pay some interest with
+  notes that could be converted into equity investments in the
+  Philippines was fully consistent with the Reagan Administration
+  strategy for handling developing country debt.
+      "The Philippine proposal is very interesting, it's quite
+  unique and I don't think it's something that should be
+  categorically rejected out of hand," the official said.
+      Because of the key role the U.S. plays in the debt crisis,
+  foreign banks in particular wanted time to analyze the
+  significance of the policymaker's comments, bankers said.
+  
+
diff --git a/reuters/training/3983 b/reuters/training/3983
new file mode 100644
index 0000000000000000000000000000000000000000..cba5cdc796fdf5edf0c34c344ff40265a452442b
--- /dev/null
+++ b/reuters/training/3983
@@ -0,0 +1,5 @@
+HARPER AND ROW GETS BID FROM HARCOURT BRACE JOVANOVICH FOR 50 DLRS/SHR
+
+  HARPER AND ROW GETS BID FROM HARCOURT BRACE JOVANOVICH FOR 50 DLRS/SHR
+  
+
diff --git a/reuters/training/3984 b/reuters/training/3984
new file mode 100644
index 0000000000000000000000000000000000000000..80cad8b92c066b3361a8f2cf4032d458a27cd94f
--- /dev/null
+++ b/reuters/training/3984
@@ -0,0 +1,48 @@
+HUGHES <HT> APPROVES MERGER WITH BAKER <BKO>
+  An overwhelming majority of Hughes Tool
+  Co shareholders approved a merger agreement with Baker
+  International Corp based on revised terms that allow the
+  companies additional time to sell a drilling bit business as
+  required by the U.S. Justice Department.
+       Hughes chairman William Kistler said the revised terms of
+  the proposed consent decree also set a 10 mln dlr cap on how
+  much funding the newly combined companies will have to spend on
+  the disputed drilling bit business until it is sold.
+      An earlier proposed consent decree did not establish a
+  funding limit.
+      The Baker-Hughes merger, which would would create a 1.2
+  billion dlr oilfield services company, almost fell through
+  earlier this month when Hughes balked at terms of a proposed
+  Justice Department consent decree that would have given the
+  companies only three months to find a buyer for the Reed
+  business.
+      Baker said today it would withdraw the one billion dlr
+  lawsuit it had filed to force Hughes to follow through with the
+  merger.
+      Hughes' Kistler, speaking to reporters after 85 pct of
+  Hughes' shareholders approved the merger, said the revised
+  terms of the agreement give the companies six months to find a
+  buyer for the Reed drilling bit business. The previous
+  agreement had proposed a three-month period.
+      Kistler said the the government had also indicated it would
+  consider granting, if necessary, an additional three-month
+  extension to complete the sale.
+      He said there were "several people looking" at the domestic
+  drilling bit business.
+      The companies, Kistler said, have also decided to
+  voluntarily sell a Reed plant in Singapore.
+      Kistler estimated that the merger, which should be
+  completed in about two weeks, will result in annual cost
+  savings of about 50 mln dlrs. He said he expects "substantial
+  cutbacks" in the 20,000-member workforce at Baker-Hughes Inc,
+  the name the merged company will take.
+      Kistler said the cost savings and greater efficiencies
+  should put the company on a profitable course. "We think that
+  in the third or fourth quarter after the merger we should see
+  something close to breakeven," he said.
+      In the fourth quarter of 1986, Hughes earned 31.7 mln dlrs
+  on sales of 215.7 mln dlrs.
+      Baker, in its first fiscal quarter ended December 31, lost
+  34.2 mln dlrs on revenues of 297.7 mln dlrs.
+  
+
diff --git a/reuters/training/3985 b/reuters/training/3985
new file mode 100644
index 0000000000000000000000000000000000000000..9aae376fa01fd705d9a0084b3da2f3603fbdbeb4
--- /dev/null
+++ b/reuters/training/3985
@@ -0,0 +1,10 @@
+USX <X> UNIT TO RAISE MOST CRUDE POSTINGS
+  USX's subsidiary, Marathon Petroleum
+  Co, said it will raise its contract prices for eleven grades of
+  crude oil 50 cts a barrel, effective tomorrow.
+      The increase brings Marathon's posted price for West Texas
+  Intermediate and West Texas Sour grades to 17.50 dlrs a barrel.
+      The Light Louisiana grade was also raised 50 cts to 17.85
+  dlrs a barrel.
+  
+
diff --git a/reuters/training/3989 b/reuters/training/3989
new file mode 100644
index 0000000000000000000000000000000000000000..4471c1fbf78e306281a5c715da9c2d7e076b155e
--- /dev/null
+++ b/reuters/training/3989
@@ -0,0 +1,10 @@
+DOLLAR GENERAL CORP <DOLR> 4TH QTR NET
+  Shr 13 cts vs 40 cts
+      Net 2,509,000 vs 7,582,000
+      Revs 186.2 mln vs 182.1 mln
+      Year
+      Shr 23 cts vs 95 cts
+      Net 4,318,000 vs 17.8 mln
+      Revs 564.8 mln vs 584.4 mln
+  
+
diff --git a/reuters/training/399 b/reuters/training/399
new file mode 100644
index 0000000000000000000000000000000000000000..27e1cbd4fca4ab57ee7ca0da97ae7d31ed5c9c96
--- /dev/null
+++ b/reuters/training/399
@@ -0,0 +1,12 @@
+TUESDAY MORNING INC <TUES> 4TH QTR NET
+  Shr 1.19 dlrs vs 1.46 dlrs
+      Net 3,150,185 vs 2,665,284
+      Revs 27.9 mln vs 24.1 mln
+      Avg shrs 2,653,646 vs 1,826,858
+      Year
+      Shr 1.45 dlrs vs 1.37 dlrs
+      Net 3,611,802 vs 2,502,443
+      Sales 62.2 mln vs 52.8 mln
+      Avg shrs 2,489,978 vs 1,826,858
+  
+
diff --git a/reuters/training/3990 b/reuters/training/3990
new file mode 100644
index 0000000000000000000000000000000000000000..0b18263e755073a06d1aa39de8cb3fee09f72824
--- /dev/null
+++ b/reuters/training/3990
@@ -0,0 +1,9 @@
+<BROAD> ACQUIRES <VOGT AND CONANT> UNIT
+  Broad Corp said it acquired
+  the construction activities of Vogt and Conant Co of Cleveland.
+      The combined companies, to be called Broad, Vogt and Conant
+  INc, will be the largest structural steel erection company in
+  the U.S. Combined sales of the two operations were more than 40
+  mln dlrs in 1986.
+  
+
diff --git a/reuters/training/3991 b/reuters/training/3991
new file mode 100644
index 0000000000000000000000000000000000000000..57d8dcf3781894e7053652e2a3ce25ce34eddd97
--- /dev/null
+++ b/reuters/training/3991
@@ -0,0 +1,36 @@
+HARPER <HPR> GETS BID FROM HARCOURT <HBJ>
+  Harper and Row Publishers Inc said it
+  received an acquisition offer from Harcourt Brace Jovanovich
+  INc to acquire all of Harper and Row's shares at 50 dlrs a
+  share in cash.
+      Harper said it will consider the proposal, including such
+  possible concerns as anti-trust and other legal considerations.
+      On Monday, Harper and Row received a surprise 34 dlr-a-
+  share bid from investor Theodore Cross, owner of six pct of the
+  shares, for the stock he does not own.
+       Harcourt made clear in its offer that it will step aside
+  if Harper's directors and shareholders reject the bid, Harper
+  said.
+      Harper said the board has previously expressed a strong
+  determination to remain an independent publishing enterprise.
+      Harper also said that New World Pictures, a shareholder,
+  has requested a copy of Harper's shareholder list to be used in
+  soliciting proxies.
+      New World has 30,800 shares of the total 4.4 mln shares.
+      Harper and Row's stock closed off 3/4 to 33-1/2 after
+  rising 9-1/4 points yesterday.
+      Shareholders are due to vote April 2 on a shareholders
+  rights plan designed to thwart hostile takeovers.
+      Ivan Obolensky, an analyst with the investment banking for
+  of Sterling Grace and Co said Harper and Row is one of the few
+  remaining independent publishers with a "back list" of authors
+  stretching back 200 years.
+      He said as long as the company maintains copyrights with
+  the estates of deceased authors, it controls all motion picture
+  and television rights to the stories. And he said new printing
+  technologies make new editions a profitable business.
+      "Harcourt Brace needs a back list of that nature and is
+  willing to pay up for it," Obolensky said. But he said Harper
+  and Row "has plenty of beef to warrant a 50 dlr bid.
+  
+
diff --git a/reuters/training/3993 b/reuters/training/3993
new file mode 100644
index 0000000000000000000000000000000000000000..bc501ed2a5fa772f97cd18e305d63adc0d404e1f
--- /dev/null
+++ b/reuters/training/3993
@@ -0,0 +1,14 @@
+GOLDMAN SELLS MOST 1ST PENNSYLVANIA <FPA> STOCK
+  Goldman, Sachs and Co told the
+  Securities and Exchange Commission it sold nearly its entire
+  stake in First Pennsylvania Corp of 2,450,598 shares, or 5.2
+  pct of the total outstanding common stock.
+      Goldman Sachs said it has about 17,800 First Pennsylvania
+  common shares remaining. On February 26, the company redeemed
+  convertible debentures with common stock, which at once
+  increased Goldman's stock holding and the total outstanding.
+      Goldman Sachs said it originally bought the stake as part
+  of its arbitrage business. Marine Midland Banks <MM> has an
+  agreement in principal to acquire First Pennsylvania.
+  
+
diff --git a/reuters/training/3994 b/reuters/training/3994
new file mode 100644
index 0000000000000000000000000000000000000000..3218d34d365b4293a02f64bb34941ed48dd9cc4e
--- /dev/null
+++ b/reuters/training/3994
@@ -0,0 +1,19 @@
+LIONEL CORP <LIO> 4TH QTR JAN 31 OPER NET
+  Oper shr 1.05 dlr vs 51 cts
+      Oper net 14.1 mln vs 5,669,000
+      Revs 163.2 mln vs 133.2 mln
+      Avg shrs 13.5 mln vs 11.5 mln
+      Year
+      Oper shr 65 cts vs 26 cts
+      Oper net 8,664,000 vs 1,906,000
+      Revs 287.8 mln vs 251 mln
+      Avg shrs 13.4 mln vs 8,403,562
+      NOTE: Prior year 4th qtr and year oper net excludes 13.1
+  mln dlrs and 17.4 mln dlrs, respectively, for income from
+  discontinued operations.
+      Prior year 4th qtr and year oper net also excludes 19.2 mln
+  dlrs and 20.3 mln dlrs, respectively, for operating loss
+  carryforwards and other reogranization items.
+      Prior year 4th qtr and year ended January 25, 1986.
+  
+
diff --git a/reuters/training/3995 b/reuters/training/3995
new file mode 100644
index 0000000000000000000000000000000000000000..e3ed96da4b88264e40cf21eab439baca1abd2fe4
--- /dev/null
+++ b/reuters/training/3995
@@ -0,0 +1,23 @@
+RECENT U.S. OIL DEMAND UP 1.9 PCT FROM YEAR AGO
+  U.S. oil demand as measured by
+  products supplied rose 1.9 pct in the four weeks ended March
+  six to 16.39 mln barrels per day from 16.08 mln in the same
+  period a year ago, the Energy Information Administration (EIA)
+  said.
+      In its weekly petroleum status report, the Energy
+  Department agency said distillate demand was down 2.2 pct in
+  the period to 3.33 mln bpd from 3.40 mln a year earlier.
+      Gasoline demand averaged 6.75 mln bpd, up 3.3 pct from 6.53
+  mln last year, while residual fuel demand was 1.40 mln bpd, off
+  2.7 pct from 1.43 mln, the EIA said.
+      Domestic crude oil production was estimated at 8.38 mln
+  bpd, down 8.5 pct from 9.15 mln a year ago, and gross daily
+  crude imports (excluding those for the SPR) averaged 3.67 mln
+  bpd, up 23 pct from 2.97 mln, the EIA said.
+      Refinery crude runs in the four weeks were 12.05 mln bpd,
+  up 1.5 pct from 11.87 mln a year earlier, it said.
+      Year-to-date figures will not become available until March
+  26 when EIA's Petroleum Supply Monthly data for January 1987
+  becomes available, the agency said.
+  
+
diff --git a/reuters/training/3996 b/reuters/training/3996
new file mode 100644
index 0000000000000000000000000000000000000000..3cd685eb2170d980209f3c3179637e21b46cc03b
--- /dev/null
+++ b/reuters/training/3996
@@ -0,0 +1,10 @@
+(MONTREAL CITY, DISTRICT SAVINGS BANK) 1ST QTR
+  Shr 33 cts vs 24 cts
+      Net 6.2 mln vs 4.9 mln
+      Loans not given
+      Deposits not given
+      Assets 3.8 billion vs not given
+      Note: full name Montreal City and District Savings Bank
+      Period ended January 31
+  
+
diff --git a/reuters/training/3997 b/reuters/training/3997
new file mode 100644
index 0000000000000000000000000000000000000000..3b60d84fa34e437e70038b607548ffac02d268ef
--- /dev/null
+++ b/reuters/training/3997
@@ -0,0 +1,16 @@
+FRANCO NEVADA SAYS STOCK RISE DUE TO DRILLING
+  Franco Nevada Mining Corp Ltd said the
+  gain in its stock price today is related to deep drilling being
+  conducted by American Barrick Resources Corp at the Goldstrike
+  claims in the Carlin camp in northern Nevada.
+      Franco Nevada stock is up two at seven dlrs per share on
+  the Toronto Stock Exchange.
+      Franco Nevada said American Barrick announced on March nine
+  that the drilling indicated a number of significant
+  intersections of sulfide gold mineralization below a depth of
+  about 1,000 feet.
+      One vertical drill hole intersected gold continuously from
+  1,100 feet to 1,730 feet averaging 0.30 ounces per short ton,
+  the announcement said.
+  
+
diff --git a/reuters/training/3999 b/reuters/training/3999
new file mode 100644
index 0000000000000000000000000000000000000000..a32c9da12d5f9588a8ef75188aadd649066c380e
--- /dev/null
+++ b/reuters/training/3999
@@ -0,0 +1,14 @@
+BUSINESSMAN HAS 8.9 PCT OF DEL E. WEBB <DWP.A>
+  John Cotton, an Arizona businessman,
+  told the Securities and Exchange Commission he has acquired the
+  equivalent of 213,500 shares of Class A common shares in Del E.
+  Webb Investment Properties, or 8.9 pct of the total.
+      Cotton, president of Finalco Group Inc, a Paradise Valley,
+  Ariz., data processing equipment maker, said he bought the
+  stake, which includes warrants to buy 186,300 shares, for
+  266,958 dlrs.
+      The warrants are exerciseable at 9.50 dlrs a share, he
+  said. Cotton said it bought the stock for investment purposes
+  only.
+  
+
diff --git a/reuters/training/40 b/reuters/training/40
new file mode 100644
index 0000000000000000000000000000000000000000..b496655dd6b06a085b7c8cf8efa262e4fccb8570
--- /dev/null
+++ b/reuters/training/40
@@ -0,0 +1,14 @@
+STANDARD TRUSTCO SEES BETTER YEAR
+  Standard Trustco said it expects earnings
+  in 1987 to increase at least 15 to 20 pct from the 9,140,000
+  dlrs, or 2.52 dlrs per share, recorded in 1986.
+      "Stable interest rates and a growing economy are expected to
+  provide favorable conditions for further growth in 1987,"
+  president Brian O'Malley told shareholders at the annual
+  meeting.
+      Standard Trustco previously reported assets of 1.28 billion
+  dlrs in 1986, up from 1.10 billion dlrs in 1985. Return on
+  common shareholders' equity was 18.6 pct last year, up from 15
+  pct in 1985.
+  
+
diff --git a/reuters/training/400 b/reuters/training/400
new file mode 100644
index 0000000000000000000000000000000000000000..792b41a37bf801e671c5b52f7c84724396f35b56
--- /dev/null
+++ b/reuters/training/400
@@ -0,0 +1,5 @@
+DIAGNOSTIC/RETRIEVAL SYSTEMS INC MAKES 53 MLN DLR BID FOR ROSPATCH CORP
+
+  DIAGNOSTIC/RETRIEVAL SYSTEMS INC MAKES 53 MLN DLR BID FOR ROSPATCH CORP
+  
+
diff --git a/reuters/training/4000 b/reuters/training/4000
new file mode 100644
index 0000000000000000000000000000000000000000..e59610265a2ab353b7d4f8a62a2792675e3a541b
--- /dev/null
+++ b/reuters/training/4000
@@ -0,0 +1,13 @@
+ASTEC INDUSTRIES INC <ASTE> 4TH QTR DEC 31
+  Shr loss nine cts vs profit 22 cts
+      Net loss 278,949 vs profit 346,368
+      Revs 11.9 mln vs 10.4 mln
+      Year
+      Shr profit 49 cts vs profit 49 cts
+      Net profit 1.2 mln vs profit 949,626
+      Revs 61.7 mln vs 52.7 mln
+      NOTE:1985 net includes loss of three cts or 49.1 mln dlrs
+  in 4th qtr and loss of 13 cts or 258,720 dlrs in year from
+  discontinued operations.
+  
+
diff --git a/reuters/training/4005 b/reuters/training/4005
new file mode 100644
index 0000000000000000000000000000000000000000..642ffd3c29f99d79a46f2ea3297fd75dbf347a2a
--- /dev/null
+++ b/reuters/training/4005
@@ -0,0 +1,52 @@
+U.S. ECONOMIC DATA KEY TO DEBT FUTURES OUTLOOK
+  U.S. economic data this week could be
+  the key in determining whether U.S. interest rate futures break
+  out of a 3-1/2 month trading range, financial analysts said.
+      Although market expectations are for February U.S. retail
+  sales Thursday and industrial production Friday to show healthy
+  gains, figures within or slightly below expectations would be
+  positive for the market, the analysts said.
+      "You have to be impressed with the resiliency of bonds
+  right now," said Smith Barney Harris Upham analyst Craig
+  Sloane.
+      Treasury bond futures came under pressure today which
+  traders linked to a persistently firm federal funds rate and a
+  rise in oil prices. However, when sufficient selling interest
+  to break below chart support in the June contract failed to
+  materialize, participants who had sold bond futures early
+  quickly covered short positions, they said.
+      "Everyone is expecting strong numbers, and if they come in
+  as expected it won't be that bad for the market," Sloane said.
+      Sloane said the consensus estimate for the non-auto sector
+  of retail sales is for a rise of 0.6 to 0.7 pct.
+      Dean Witter analyst Karen Gibbs said a retail sales figure
+  below market forecasts would give a boost to debt futures, and
+  she put the range for the non-auto sector of retail sales at up
+  0.8 to 1.2 pct.
+      Industrial production and the producer price index Friday
+  both are expected to show increases of about 0.5 pct, she
+  added.
+      Retail sales "will tell us whether or not we will be able
+  to fill the gap," Gibbs said, referring to a chart gap in June
+  bonds between 100-26/32 and 101-3/32 created Friday. June bonds
+  closed at 100-4/32 today.
+      Also key to debt futures direction, in addition to the
+  federal funds rate, is the direction of crude oil prices, said
+  Carroll McEntee and McGinley Futures analyst Brian Singer.
+      "A higher fed funds rate and firm oil prices precluded the
+  market from breaking out of the trading range the last time the
+  market approached the top of the range," Singer said.
+      In order for bonds to break above the top of the range,
+  which is just below 102 in the June contract, "the crude oil
+  rally needs to run its course and pull back a little bit,"
+  Singer said. "Fed funds are already easing back down toward the
+  six pct level."
+      The recent surge in oil prices has also been a concern to
+  Manufacturers Hanover Futures analyst Jim Rozich, but the rally
+  may be nearing a top around 18.50 dlrs per barrel, he said.
+      Rozich said he is looking for the June bond contract to
+  ease to 99-6/32 and find support.
+      "I'm not quite ready to jump on the bullish bandwagon yet.
+  The jury is still out this week," Rozich said.
+  
+
diff --git a/reuters/training/401 b/reuters/training/401
new file mode 100644
index 0000000000000000000000000000000000000000..e9a57ac04e85665163d85537025c78d13f84e814
--- /dev/null
+++ b/reuters/training/401
@@ -0,0 +1,17 @@
+MILLER TABAK HAS 91.8 PCT OF PENN TRAFFIC <PNF>
+  <Miller Tabak Hirsch and Co> said it
+  has received an accepted 3,424,729 common shares of Penn
+  Traffic Co in response to its 31.60 dlr per share tender offer
+  that expired Friday, and together with the 380,728 shares it
+  already owned, it now has about 91.8 pct of Penn Traffic.
+      The company said Penn Traffic is expected to hold a special
+  shareholders' meeting later this month to approve a merger into
+  Miller Tabak at the tender price.
+      It said two Miller Tabak representatives will be named to
+  the Penn Traffic board on March Four to serve as the only
+  directors with Penn Traffic president and chief executive
+  officer Guido Malacarne.
+      The company said it received financing for the transaction
+  from First National Bank of Minneapolis and Salomon Inc <SB>.
+  
+
diff --git a/reuters/training/4012 b/reuters/training/4012
new file mode 100644
index 0000000000000000000000000000000000000000..4ecce2a998bdde5e31fc6c04519448332b47af4c
--- /dev/null
+++ b/reuters/training/4012
@@ -0,0 +1,20 @@
+BANK OF BRITISH COLUMBIA 1ST QTR JAN 31 NET
+  Oper shr loss two cts vs profit three cts
+      Oper net profit 273,000 dlrs vs profit 1,710,000
+      YEAR - period ended October 31, 1986
+      Oper shr loss 23 cts vs profit 14 cts
+      Oper net loss 4,397,000 vs profit 7,527,000
+      Assets 2.67 billion vs 3.25 billion
+      Note: 1987 1st qtr net excludes extraordinary loss of 2.2
+  mln dlrs or six cts shr.
+      1986 yr net excludes extraordinary loss of 66 mln dlrs or
+  1.94 dlrs shr involving 22.1 mln dlrs of costs from sale of
+  bank assets to Hongkong Bank of Canada, eight mln dlrs for
+  contingent liabilities in respect of litigation and potential
+  tax reassessment by U.S. govt and 35.9 mln dlrs of deferred tax
+  debits.
+      Most bank assets sold to HongKong Bank of Canada, a unit of
+  <Hong Kong and Shanghai Banking Corp> in Nov, 1986.
+      Shr after preferred divs.
+  
+
diff --git a/reuters/training/4014 b/reuters/training/4014
new file mode 100644
index 0000000000000000000000000000000000000000..cf745b17f5e604f2209fd4d0c785e8ee2524acab
--- /dev/null
+++ b/reuters/training/4014
@@ -0,0 +1,13 @@
+RESTAURANT ASSOCIATES INC <RA> 4TH QTR JAN 3
+  Shr 25 cts vs 36 cts
+      Net 1.4 mln vs 1.4 mln
+      Revs 56.9 mln vs 35.1 mln
+      Year
+      Shr 86 cts vs 75 cts
+      Net 4.7 mln vs 3.0 mln
+      REvs 201.4 mln vs 140.0 mln
+      NOTE:1985 4th qtr includes 99,000 loss from carryforward.
+  Shares restated to give effect to 1.4 to one stock split in the
+  form a 40 pct class A dividend in August 1985.
+  
+
diff --git a/reuters/training/4015 b/reuters/training/4015
new file mode 100644
index 0000000000000000000000000000000000000000..bed1afbc13ebec2ad079014f547ab047b33e543f
--- /dev/null
+++ b/reuters/training/4015
@@ -0,0 +1,13 @@
+MICHIGAN GENERAL CORP <MGL> 4TH QTR
+  Shr loss 1.02 dlrs vs 1.01 dlr
+      Net loss 18.1 mln vs 11.4 mln
+      Revs 96.0 mln vs 90.3 mln
+      Year
+      Shr loss 2.65 dlrs vs loss 3.06 dlrs
+      Net loss 39.3 mln vs 34.6 mln
+      Revs 386.0 mln vs 373.0 mln
+      NOTE:1986 4th qtr, year loss includes 14.4 mln dlrs, 4.6
+  mln dlrs respectively from discontinued. 1985 4th qtr and year
+  include loss of 13.1 mln, 1.9 mln dlr respectively.
+  
+
diff --git a/reuters/training/4016 b/reuters/training/4016
new file mode 100644
index 0000000000000000000000000000000000000000..1a69a8681e815bd3e6eebca676b3ab829be2e5c1
--- /dev/null
+++ b/reuters/training/4016
@@ -0,0 +1,51 @@
+USX <X> PROVED OIL, GAS RESERVES FALL IN 1986
+  USX Corp said proved reserves of oil
+  and natural gas liquids fell 28 pct to 802.8 mln barrels at the
+  end of 1986 from 1.12 billion barrels at year-end 1985.
+      The figures, in USX's just-released 1986 annual report,
+  indicate much of the drop resulted from the exclusion of 293.7
+  mln barrels of Libyan reserves, after the U.S. government last
+  June directed U.S. oil companies to end Libyan operations.
+      USX, which owns Marathon Oil Co and Texas Oil and Gas Corp,
+  had 60 pct of its 1986 sales of 14.94 billion dlrs from its oil
+  and gas operations.
+      About 24 pct of total sales came from USX's USS steel unit
+  and 16 pct from diversified businesses, which include oilfield
+  services, raw materials, minerals, chemicals and real estate.
+      According to the report, domestic liquids reserves fell
+  slightly to 628.5 mln barrels from 628.9 mln and foreign
+  reserves fell to 174.3 mln from 486.4 mln barrels. The large
+  drop in foreign reserves was in the Middle East and Africa,
+  where they fell to about 9.3 mln barrels from 316.7 mln,
+  reflecting the exclusion of Libya.
+      Total natural gas reserves fell to 4.82 trillion cubic feet
+  at year-end 1986 from 5.18 trillion at the end of 1985.
+      Again, most of the drop came from the Middle East and
+  Africa, where reserves fell to zero from 71.9 billion cubic
+  feet, excluding Libyan reserves.
+      U.S. natural gas reserves fell to 3.44 trillion cubic feet
+  from 3.65 trillion and foreign reserves fell to 1.38 trillion
+  from 1.53 trillion.
+      In other areas, USX said total capital spending fell to 962
+  mln dlrs in 1986 from 1.78 billion dlrs in 1985. The 1986
+  audited figure is eight mln dlrs higher than the unaudited
+  figure the company reported on Jan 27.
+      USX also said it expects to record a gain of 150 mln dlrs
+  in 1988, representing 50 pct of previously existing investment
+  tax credits allowable under the new tax law. The loss of the
+  other half of the credits was reflected in the fourth quarter.
+      In a discussion of steel results, USX said plants that were
+  shut down last month and some previously idled plants may be
+  permanently closed. USX took a fourth quarter charge of 1.03
+  billion dlrs to restructure its steel operations. The charge
+  included the "indefinite idling" last month of four plants in
+  Utah, Pennsylvania and Texas.
+      Other plants or parts of plants in Pennsylvania, Indiana,
+  Alabama, Ohio and Chicago had been previously idled.
+      "These operations are not permanently shut down. Improved
+  market conditions for the products from these plants may make
+  it feasible to reopen some of them," USX said in the report.
+      "On the other hand, a lack of any future market improvement
+  may necessitate their permanent closing," it added.
+  
+
diff --git a/reuters/training/4019 b/reuters/training/4019
new file mode 100644
index 0000000000000000000000000000000000000000..b18a330997e91200218cf0d5b8f15e0e57666537
--- /dev/null
+++ b/reuters/training/4019
@@ -0,0 +1,33 @@
+BANK OF B.C. REVISES SHARE PAYOUT ESTIMATE
+  Bank of British
+  Columbia said it revised its estimate of shareholder
+  distributions from last November's sale of most of the bank's
+  assets to HongKong Bank of Canada to between 65 cts and 1.15
+  dlrs a share from 55 cts to 1.20 dlrs a share.
+      The bank said the estimate could rise to between 1.30 dlrs
+  and 1.80 dlrs a share if the full pension surplus is obtained.
+  It said it did not know when distributions would be made.
+      It earlier reported that operating profit for first quarter
+  ended January 31 fell to 273,000 dlrs from 1.7 mln dlrs the
+  previous year.
+      For full-year 1986 ended October 31, the bank posted an
+  operating loss of 4.4 mln dlrs against year-earlier profit of
+  7.5 mln dlrs. The bank also posted a 66 mln dlr extraordinary
+  loss in fiscal 1986.
+      Bank of British Columbia sold most of its assets last
+  November to HongKong Bank Canada, a unit of <HongKong and
+  Shanghai Banking Corp>, of Hong Kong, for 63.5 mln dlrs.
+      It said efforts to wind up the bank's affairs were
+  proceeding as quickly as possible.
+      The bank said it expected to report positive earnings in
+  future periods, barring unforeseen circumstances.
+      Loan losses, which the bank previously said figured in its
+  move to sell off most of its assets, rose to 105.7 mln dlrs in
+  fiscal 1986 from year-earlier 36.1 mln dlrs. The bank said 31.1
+  mln dlrs of the 1986 total represented downward adjustments to
+  its portfolio of syndicated sovereign risk loans as required
+  under the sale to HongKong Bank.
+      Since November 27, the bank has confined activities to the
+  winding up of affairs, Bank of British Columbia said.
+  
+
diff --git a/reuters/training/402 b/reuters/training/402
new file mode 100644
index 0000000000000000000000000000000000000000..3460dd8f9f49d88f6b9b3c1adc17d269900dc157
--- /dev/null
+++ b/reuters/training/402
@@ -0,0 +1,16 @@
+COFFEE QUOTA TALKS CONTINUE BUT NO AGREEMENT YET
+  Coffee quota talks at the International
+  Coffee Organization council meeting here continued this
+  afternoon, but producers and consumers still had not reached
+  common ground on the key issue of how to estimate export
+  quotas, delegates said.
+      The 54 member contact group was examining a Colombian
+  proposal to resume quotas April 1 under the ad hoc system used
+  historically, with a pledge to meet again in September to
+  discuss how quotas would be worked out in the future, they
+  said.
+      Delegates would not speculate on the prospects for
+  agreement at this time.
+      "Anything could happen," one delegate said.
+  
+
diff --git a/reuters/training/4021 b/reuters/training/4021
new file mode 100644
index 0000000000000000000000000000000000000000..261b52c072ce7f2bbe84a795c02d36a5e9bfc7e3
--- /dev/null
+++ b/reuters/training/4021
@@ -0,0 +1,10 @@
+<KIENA GOLD MINES LTD> 4TH QTR NET
+  Shr 17 cts vs 16 cts
+      Net 1,019,000 vs 985,000
+      Revs 7,997,000 vs 7,492,000
+      YEAR
+      Shr 1.18 dlrs vs 64 cts
+      Net 6,959,000 vs 3,778,000
+      Revs 36.5 mln vs 29.8 mln
+  
+
diff --git a/reuters/training/4022 b/reuters/training/4022
new file mode 100644
index 0000000000000000000000000000000000000000..c16338a14c8716766c6332bfe7181442d73c8844
--- /dev/null
+++ b/reuters/training/4022
@@ -0,0 +1,25 @@
+ARGENTINE MEAT EXPORTS HIGHER IN JAN/FEB 1987
+  Argentine meat exports during
+  Jan/Feb 1987 totalled 39,714 tonnes, against 36,594 tonnes
+  shipped in the same 1986 period, National Meat board said.
+      Shipments in tonnes with comparative figures for the 1986
+  period, in brackets, included: beef 26,945 (20,096), horse meat
+  3,257 (4,211) and beef offal 7,660 (10,502).
+      Argentine's meat exports totalled 20,243 tonnes in February
+  1987, against 19,217 tonnes shipped in the same 1986 month.
+      Shipments in tonnes, with comparative figures for February
+  1986, in brackets, included: beef 13,272 (11,464), horse meat
+  1,543 (2,083) and beef offal 4,476 (4,672), the board added.
+      Main destinations for refrigerated beef (bone in
+  equivalent) were as follows, in tonnes, with comparative
+  figures for 1986 in brackets -
+      EC 5,500 (7,900), Brazil 5,200 (unavailable), Israel 3,700
+  (3,000), Peru 2,500 (800), Singapore 500 (300), Switzerland 500
+  (400), Canary Islands 500 (300), Malta 500 (700), Aruba/Curazao
+  200 (300), Chile 100 (600).
+      Main destinations for canned meat and cooked beef (bone in
+  equivalent), in tonnes with comparative figures for Jan/Feb
+  1986, in brackets, were -
+      United States 11,200 (13,400), EC 4,700 (5,100).
+  
+
diff --git a/reuters/training/4023 b/reuters/training/4023
new file mode 100644
index 0000000000000000000000000000000000000000..f9948e4257cc732a866ded74137e6769ccad88c9
--- /dev/null
+++ b/reuters/training/4023
@@ -0,0 +1,9 @@
+KIENA PLANS TWO-FOR-ONE STOCK SPLIT
+  <Kiena Gold Mines Ltd> said it planned
+  a two-for-one common stock split, pending shareholder approval
+  on April 7.
+      It said approval would require 66-2/3 pct of votes cast.
+  Kiena said 57 pct-owner Campbell Red Lake Mines Ltd <CRK> was
+  expected to vote in favor of the split.
+  
+
diff --git a/reuters/training/4025 b/reuters/training/4025
new file mode 100644
index 0000000000000000000000000000000000000000..b8548d61f074466e3930a13452c831e8a2126539
--- /dev/null
+++ b/reuters/training/4025
@@ -0,0 +1,6 @@
+ROWE FURNITURE CORP <ROWE> SETS QTLY DIVIDEND
+  Qtly div four cts vs four cts prior
+      Pay April 15
+      Record March 20
+  
+
diff --git a/reuters/training/4026 b/reuters/training/4026
new file mode 100644
index 0000000000000000000000000000000000000000..876865810b479272d929da5c028bfe524d16b601
--- /dev/null
+++ b/reuters/training/4026
@@ -0,0 +1,63 @@
+U.S. HOUSE PANEL TAKES FIRST TRADE BILL VOTES
+  House trade lawmakers took their
+  first votes on measures designed to toughen U.S. trade laws but
+  held over until tomorrow the most difficult votes on
+  controversial plans to protect American industries.
+      Meeting in closed session, the House Ways and Means Trade
+  Subcommittee failed to resolve one of the most sensitive issues
+  in the bill--whether they will force major foreign trading
+  partners to severely cut their trade surpluses with the United
+  States.
+      The subcommittee is considering a toned-down version of
+  Democratic-sponsored trade legislation that aims to open
+  foreign markets but which drops last year's effort to force
+  President Reagan to retaliate with quotas or tariffs.
+      Congressional aides who asked not to be identified said the
+  lawmakers intend to wrap up their proposals tomorrow and will
+  consider a proposal to mandate retaliation without setting
+  specific trade penalties.
+      The legislation faces another hurdle in the full Ways and
+  Means Committee next week before the full House votes on it.
+      Rep. Richard Gephardt, a Missouri Democrat who is seeking
+  his party's 1988 presidential nomination, said he may offer an
+  amendment to call for reductions in the trade surpluses of
+  those countries with barriers to imports of U.S. goods.
+      This would be a moderated version of his earlier plan to
+  force a mandatory ten per cent annual cut in the trade surplus
+  with the United States by Japan, South Korea, Taiwan, West
+  Germany and other countries with the largest trade imbalances.
+      "My criteria for a good amendment sets a standard for
+  getting the trade deficit down," he told reporters.
+      The trade law changes are to become part of a major
+  congressional and administration effort to turn around the
+  record U.S. trade deficit of 169 billion dlrs last year by
+  opening up foreign markets and making U.S. products more
+  competitive.
+      House Speaker James Wright, a Texas Democrat, said again
+  today he expects the full House will approve the trade bill by
+  May and that Reagan will accept the final congressional bill.
+      "I expect whatever is reported (by the Ways and Means
+  Committee) will pass. We will have a good bill and an effective
+  bill," he told reporters.
+      The comprehensive trade bill will include work by other
+  committees to ease export controls on high technology, to aid
+  U.S. workers displaced by foreign competition, to stimulate
+  research and development, to remove foreign trade barriers and
+  to improve education and worker training.
+      The lawmakers agreed that for the first time a U.S.
+  industry could charge foreign producers with unfair competition
+  if they deny basic worker rights such as collective bargaining,
+  safety rules and payment of a minimum wage appropriate to the
+  country's economic development.
+      They transferred to U.S. Trade Representative Clayton
+  Yeutter the powers now held by Reagan to decide whether to
+  retaliate against foreign violations of fair trade rules and
+  whether an injured industry deserves import relief.
+      They agreed to make it easier for a company to get
+  temporary relief from import competition but agreed the
+  industry should provide a plan to become competitive.
+      The administration has not announced its support but
+  Yeutter said yesterday, "I am cautiously optimistic," that the
+  Democratic-led House will come up with an acceptable bill.
+  
+
diff --git a/reuters/training/4027 b/reuters/training/4027
new file mode 100644
index 0000000000000000000000000000000000000000..b3867c318f5d9202615b0ad44d7bf4b46181c9a0
--- /dev/null
+++ b/reuters/training/4027
@@ -0,0 +1,49 @@
+SOVIET MINISTER SAYS TRADE BOOST UP TO FRENCH
+  Soviet first deputy prime minister
+  Vsevolod Murakhovsky said at the end of a brief visit here his
+  country wanted to boost joint business with France, but that a
+  reduction of France's trade deficit with the Soviet Union
+  depended on the French.
+      Murakhovsky, who is also chairman of the State
+  Agro-Industrial Committee (GOSAGROPROM), told a news conference
+  he had discussed a variety of possible deals with French
+  companies Rhone-Poulenc, Pechiney and Imec.
+      Declining to put figures on possible contracts he said he
+  had discussed plant protection and the processing of highly
+  sulphuric gas with Rhone-Poulenc, packaging technology for
+  agricultural products with Pechiney, and fruit and vegetable
+  juice processing with Imec.
+      An official for Pechiney said an agreement of intent on
+  packaging could be signed soon, but could not give any other
+  details. The other two companies were not immediately available
+  for comment.
+      Asked whether he foresaw a reduction this year of France's
+  trade shortfall, at 7.6 billion francs in the first 11 months
+  of 1986 against 5.1 billion for the whole of 1985, Murakhovsky
+  told Reuters: "It all depends on France."
+      At a meeting in Paris last January French and Soviet
+  foreign trade ministers said they were committed to increased
+  efforts to reduce the deficit. Estimates at the time showed a
+  French 190 mln franc surplus for December 1986.
+      Murakhovsky said the Soviet Union was prepared to talk with
+  anybody with "interesting" proposals offering latest technology
+  and assuring "a mutual advantage."
+      He said the Soviet Union had many tasks ahead of it and
+  would deal rapidly with proposals it considered interesting.
+      He encouraged companies to take advantage of new laws
+  guaranteeing "the interests of foreign partners" in joint
+  ventures.
+      But he said no agreements had yet been finalised under the
+  new joint venture laws.
+      He said concrete deals had not yet been finalised as a
+  result of a one billion dollar accord signed in Moscow last
+  month with French businessman Jean-Baptiste Doumeng.
+      He said Doumeng's Interagra company was preparing proposals
+  for further examination by the Soviet Union. Doumeng last month
+  said the agreement was to exchange one billion dollars worth of
+  goods.
+      Murakhovsky said the agreement was one of intent, and
+  designed primarily to renew and increase the Soviet Union's
+  food production capacity.
+  
+
diff --git a/reuters/training/4028 b/reuters/training/4028
new file mode 100644
index 0000000000000000000000000000000000000000..0abac11db4085bc1c8f06576c17612248d2e2db0
--- /dev/null
+++ b/reuters/training/4028
@@ -0,0 +1,25 @@
+VENEZUELA TO LEND OIL TO ECUADOR FOR EXPORT
+  venezuela will supply ecuador with an
+  as yet undetermined amount of crude oil to help it meet export
+  commitments, seriously affected by last week's earthquake,
+  energy and mines minister arturo hernandez grisanti said.
+      He gave few details about the deal, but said a crude oil
+  loan agreement will be made between state oil companies
+  petroleos de venezuela (pdvsa) and ecuador's cepe.
+      Ecuador was forced to suspend oil exports for an expected
+  four months after an earthquake damaged a pipeline. Oil
+  accounts for 60 per cent of its export income.
+       Hernandez was speaking to reporters at miraflores palace
+  on the results of talks with ecuador's deputy energy minister
+  fernando santos alvite, who arrived here last night.
+      "the volume lent to ecuador would be discounted from its
+  opec quota and would not affect venezuela's," he said. "we would
+  from august on produce our own quota and sell the additional
+  amounts that ecuador would be repaying us," he said.
+      He did not elaborate on the quota arrangements but did say
+  ecuador would notify opec by telex that venezuela would be
+  lending it a certain amount over so many days.
+      Venezuela's opec output quota is currently 1.495 million
+  barrels a day, and ecuador's has been set at 210,000 bpd.
+  
+
diff --git a/reuters/training/4029 b/reuters/training/4029
new file mode 100644
index 0000000000000000000000000000000000000000..378c8c6ce9c5431cede71b3f40406e0debf6ff65
--- /dev/null
+++ b/reuters/training/4029
@@ -0,0 +1,14 @@
+EAGLE CLOTHES INC <EGL> 2nD QTR JAN 31
+  Shr profit 17 cts vs profit 14 cts
+      Net profit 1.3 mln vs profit 901,000
+      Revs 36.9 mln vs 36.2 mln
+      Six months
+      Shr profit 18 cts vs loss 11 cts
+      Net profit 1.4 mln vs loss 716,000
+      Revs 63.6 mln vs 57.7 mln
+      NOTE:1986 six months includes increase in provision for
+  doubtful accounts to 1.5 mln dlrs. 1986 shares give effect to
+  issuance of 1.5 mln shares in exchange for outstanding Series 1
+  preferred shares.
+  
+
diff --git a/reuters/training/4031 b/reuters/training/4031
new file mode 100644
index 0000000000000000000000000000000000000000..84442a97fa2954442c7141d26c29debd80916555
--- /dev/null
+++ b/reuters/training/4031
@@ -0,0 +1,28 @@
+BRITAIN CALLS ON JAPAN TO INCREASE IMPORTS
+  Britain today called on Japan to
+  increase foreign imports or risk the rise of protectionism and
+  the harm it would bring to it and other trading nations.
+      British Trade and Industry Secretary Paul Channon said
+  Japan must heed a report issued by a Japanese government
+  advisory body in December calling for faster domestic demand to
+  help cut its trade surplus and restructure its economy.
+      "I recognise that the strong yen has brought problems to
+  Japan's domestic economy," he told a group of Japanese
+  businessmen in London.
+      "But these short term difficulties should not be allowed to
+  deflect Japan from the fundamental reforms necessary," he said.
+      "It is not just a domestic issue for Japan. If import
+  propensity does not expand very soon there is a real risk from
+  protectionist lobbies, particularly in the U.S. With whom Japan
+  has so massive a surplus," he said.
+      "They may well succeed in securing action by governments
+  which would be highly injurious to trading nations like Japan
+  and the U.K."
+      Channon said there had been substantial growth in the
+  volume of trade between Japan and Britain, amounting to 6.2
+  billion sterling (9.8 billion dlrs) last year.
+      But he added: "Regrettably too much of it was in one
+  direction, with the Japanese selling us 3.7 billion sterling
+  (5.8 billion dlrs) more than we sold them."
+  
+
diff --git a/reuters/training/4032 b/reuters/training/4032
new file mode 100644
index 0000000000000000000000000000000000000000..00d2f5fb067def363277ff40fe96ec700698ec9d
--- /dev/null
+++ b/reuters/training/4032
@@ -0,0 +1,5 @@
+TAFT BROADCASTING REJECTS 145 DLR PER SHARE BUYOUT OFFER FROM THETA CORP
+
+  TAFT BROADCASTING REJECTS 145 DLR PER SHARE BUYOUT OFFER FROM THETA CORP
+  
+
diff --git a/reuters/training/4033 b/reuters/training/4033
new file mode 100644
index 0000000000000000000000000000000000000000..1902fa41e73d3a660cc9bd07c91e7a585747ff6a
--- /dev/null
+++ b/reuters/training/4033
@@ -0,0 +1,13 @@
+TAFT <TFB> REJECTS 145 DLR/SHR OFFER
+  Taft Braodacasting Co said its board
+  of directors unanimously decided not to accept the pending
+  proposal of Theta Corp, an investor group led by Dudley Taft.
+      The decision was based on, among other things, the advise
+  of its financial advisors, goldman sachs and co, that the offer
+  of 145 dlrs per share was inadequate.
+      Taft said the board concluded that the offer failed to
+  recognize fully the future propsects of the company and
+  directed management to explore alternatives including possible
+  financial restructuring.
+  
+
diff --git a/reuters/training/4035 b/reuters/training/4035
new file mode 100644
index 0000000000000000000000000000000000000000..77df8a13bd5cc99d2ae1f7c33aad777cbc03597a
--- /dev/null
+++ b/reuters/training/4035
@@ -0,0 +1,12 @@
+BRITISH MINISTER CRITICISES PROPOSED EC OILS TAX
+  A British minister said that a proposed
+  European Community tax on vegetable oils and fats would raise
+  the price of fish and chips and he pledged the government would
+  fight against it.
+      Lord Belstead, a junior agriculture minister, told the
+  House of Lords the tax would raise the price of raw materials
+  used in many processed foods by about 100 pct.
+      He said revenue should not be raised by taxing the consumer
+  and called the proposal "repugnant."
+  
+
diff --git a/reuters/training/4036 b/reuters/training/4036
new file mode 100644
index 0000000000000000000000000000000000000000..b8705464883110cf9aa180cb44782a8318471af6
--- /dev/null
+++ b/reuters/training/4036
@@ -0,0 +1,12 @@
+AUSTRALIAN UNEMPLOYMENT EASES IN FEBRUARY
+  Australia's seasonally-adjusted
+  unemployment rate eased to 8.2 pct of the estimated workforce
+  in February from 8.3 pct in January, compared with 7.9 pct a
+  year earlier, the Statistics Bureau said.
+      The number of unemployed declined to 632,100 from 638,300
+  in January, against 594,500 in February 1986, it said.
+      But unadjusted, the number of jobless rose to 699,800 or
+  9.1 pct of the workforce from 671,400 or 8.9 pct in January and
+  658,500 or 8.7 pct a year earlier.
+  
+
diff --git a/reuters/training/4038 b/reuters/training/4038
new file mode 100644
index 0000000000000000000000000000000000000000..22605a615c8180b52111e7e79527c65731ef03a6
--- /dev/null
+++ b/reuters/training/4038
@@ -0,0 +1,13 @@
+TREASURY SECRETARY BAKER DECLINES COMMENT ON G-6
+  U.S. Treasury Secretary James Baker
+  declined comment on the February 22 Paris accord between the
+  six major industrial nations under which they agreed to foster
+  exchange rate stability.
+      Asked by reporters after a speech before the National
+  Fitness Foundation banquet what, if any, currency intervention
+  levels had been set in Paris, Baker replied: "We never talk
+  about intervention."
+      Baker also declined to comment on his views about the
+  foreign exchange markets' reaction to the accord.
+  
+
diff --git a/reuters/training/4039 b/reuters/training/4039
new file mode 100644
index 0000000000000000000000000000000000000000..fb1e98d8a1808aef61d0d735ce46333d3bd1c31c
--- /dev/null
+++ b/reuters/training/4039
@@ -0,0 +1,24 @@
+ECUADOR TO ASK OPEC TO RAISE EXPORT QUOTA
+  Ecuador will ask OPEC to raise its oil
+  export quota by 100,000 barrels per day to 310,000 to
+  compensate for lost output due to last week's earthquake,
+  deputy Energy Minister Fernando Santos Alvite said.
+      Santos Alvite, who arrived in Caracas last night to discuss
+  an aid plan for Ecuador, did not say when the Organisation of
+  Petroleum Exporting Countries (OPEC) would be approached.
+      The additional output would be related to plans now under
+  discussion for Venezuela and Mexico to lend Ecuador crude while
+  it repairs a pipeline damaged by the quake.
+      Earlier, Venezuelan Energy and Mines Minister Aturo
+  Hernandez Grisanti said his country would supply an unspecified
+  part of Ecuador's export commitments.
+      But Santos Alvite told reporters he hoped a first cargo of
+  300,000 barrels could leave Maracaibo this weekend to supply
+  refineries near Guayaquil. He added Ecuador also wanted to make
+  up for 50,000 bpd it shipped to Caribbean destinations. Mexico
+  might supply Ecuador's South Korean market.
+      Ecuador may be unable to export oil for up to five months
+  due to extensive damage to a 25 mile stretch of pipeline
+  linking jungle oilfields to the Pacific port of Balao.
+  
+
diff --git a/reuters/training/404 b/reuters/training/404
new file mode 100644
index 0000000000000000000000000000000000000000..d74216314cbc477231e5409236fd67c44419bd18
--- /dev/null
+++ b/reuters/training/404
@@ -0,0 +1,9 @@
+WASTE MANAGEMENT <WMX> VOTES SPLIT, UPS PAYOUT
+  Waste Management Corp said its
+  board voted a two-for-one stock split payable April 21, record
+  March 30.
+      In other action, Waste Management directors approved an
+  increase in the quarterly dividend to 18 cts from 14 cts,
+  payable April three, record March 18.
+  
+
diff --git a/reuters/training/4040 b/reuters/training/4040
new file mode 100644
index 0000000000000000000000000000000000000000..d32f4132c3319768bc0963e9d89fb9b0a12db4b3
--- /dev/null
+++ b/reuters/training/4040
@@ -0,0 +1,13 @@
+CHINA'S RAPESEED CROP DAMAGED BY STORMS
+  The yield on 46,000 hectares (ha) of
+  rapeseed in central China will be cut by up to 70 pct by
+  hailstorms and tornadoes that swept across nearly 100,000 ha of
+  crops on March 6, the New China News Agency said today.
+      The storm, which lashed the Huai and Yangtze rivers and
+  eastern Anhui province, left two people dead and 800 others
+  injured. Some 800 houses were flattened and 19 boats sunk, it
+  said.
+      The Anhui provincial government has sent emergency relief
+  to the 19 counties affected, the news agency said.
+  
+
diff --git a/reuters/training/4041 b/reuters/training/4041
new file mode 100644
index 0000000000000000000000000000000000000000..b97358078c5440e206bcb72ff0bd0d1640dd4f19
--- /dev/null
+++ b/reuters/training/4041
@@ -0,0 +1,24 @@
+CHINA CLOSES SECOND ROUND OF OFFSHORE OIL BIDS
+  China has closed the second round of
+  bidding by foreign firms for offshore oil exploration rights,
+  the China Daily has reported.
+      It quoted a spokesman for the China National Offshore Oil
+  Corp (CNOOC) as saying China signed eight contracts with 15
+  foreign firms for blocks in the Pearl River mouth and south
+  Yellow Sea covering a total area of 44,913 sq km.
+      Second round bidding began at the end of 1984 and only one
+  well has so far produced results -- Lufeng 13-1-1, 250 km
+  south-east of Shenzhen, with an output of 6,770 barrels a day.
+  The well was drilled by a group of Japanese companies.
+      The spokesman added CNOOC was ready to enter into contracts
+  for offshore blocks before third round bidding began. He did
+  not say when this would be, but added the contracts would not
+  be bound by restrictions imposed during the second round.
+      China has signed 36 oil contracts and agreements with 37
+  companies from 10 countries since 1979, when offshore
+  exploration was open to foreigners. Eleven contracts were
+  terminated after no oil was discovered.
+      Foreign firms have invested 2.1 billion dlrs on offshore
+  China since 1979.
+  
+
diff --git a/reuters/training/4043 b/reuters/training/4043
new file mode 100644
index 0000000000000000000000000000000000000000..b99f81c8361996aa85947bdde1125e16264f10ae
--- /dev/null
+++ b/reuters/training/4043
@@ -0,0 +1,21 @@
+AMC IMPOSES HIRING FREEZE DUE TO TAKEOVER BID
+  American Motors Corp <AMO> management
+  has ordered a hiring freeze in view of Chrysler Corp's <C> 1.5
+  billion dlr takeover bid, a spokesman for AMC said.
+      Analysts said the merger is virtually certain to go ahead.
+      American Motors directors met for five hours Wednesday to
+  review the takeover proposal. "The board ... Expects to be
+  meeting periodically over the next several weeks on the
+  Chrysler proposal," AMC said in its first formal statement since
+  it acknowledged the Chrysler proposal on Monday.
+      Chrysler, the number three U.S. Automaker, has said the
+  merger is motivated principally by its desire to acquire AMC's
+  profitable Jeep business and dealers, as well as a new modern
+  car assembly plant in Bramalea, Ontario.
+      That means a guaranteed future for much of AMC, but it
+  leaves in question the fate of many of its 19,000-plus
+  employees, according to industry analysts. AMC's Toledo, Ohio
+  Jeep plant has 1,850 hourly workers on indefinite layoff while
+  its Kenosha, Wisconsin, car plant has another 2,250 on layoff.
+  
+
diff --git a/reuters/training/4045 b/reuters/training/4045
new file mode 100644
index 0000000000000000000000000000000000000000..93f1494662ce1034abc16fc9efbe12397833dcdc
--- /dev/null
+++ b/reuters/training/4045
@@ -0,0 +1,35 @@
+FOREIGN INVESTMENT IN AUSTRALIA JUMPS IN LAST QTR
+  The net inflow of foreign investment
+  into Australia jumped to 7.3 billion dlrs in the fourth quarter
+  of 1986 from 4.32 billion in the third quarter and 4.55 billion
+  a year earlier, the Statistics Bureau said.
+      The Bureau attributed the increase to a turnaround of 2.08
+  billion dlrs in official sector transactions and a 1.09 billion
+  turnaround in direct investment.
+      The turnaround in official transactions to a 1.52 billion
+  inflow from a 555 mln outflow in the third quarter, against a
+  520 mln inflow a year earlier, was largely on account of
+  government foreign currency borrowings, it said.
+      Direct investment recorded a turnaround to a 1.04 billion
+  dlr inflow in the fourth quarter from a 57 mln withdrawal in
+  the third quarter, against a 546 mln inflow in the fourth
+  quarter of 1985, the Bureau said.
+      It said the major part of the turnaround reflected an
+  injection of funds, estimated at around 700 mln dlrs,
+  associated with the previously reported restructuring of the
+  Australian operations of General Motors Corp <GM>.
+      GM used the funds to pay out or take over certain
+  Australian liabilities of its local unit <General
+  Motors-Holden's Ltd>, it said.
+      However, net borrowings remained the major part of total
+  inflow, accounting for 6.16 billion dlrs in the fourth quarter
+  against 3.88 billion in the third quarter and 4.03 billion a
+  year earlier, the Bureau said.
+      Net official borrowings comprised 1.52 billion dlrs against
+  a net outflow of 548 mln in the third quarter and a 516 mln
+  inflow a year earlier.
+      Total private and semi-public authority net borrowings rose
+  to 4.64 billion dlrs from 4.42 billion in the third quarter and
+  3.51 billion a year earlier.
+  
+
diff --git a/reuters/training/4047 b/reuters/training/4047
new file mode 100644
index 0000000000000000000000000000000000000000..1d7f0f14a99ed9093731b7404a072a8e867fde81
--- /dev/null
+++ b/reuters/training/4047
@@ -0,0 +1,12 @@
+TAIWAN'S FIRST QUARTER MAIZE IMPORTS SEEN RISING
+  Taiwan's maize import commitments are
+  expected to rise to 970,000 tonnes in the first four months of
+  1987 from 870,000 tonnes a year earlier, a spokesman for the
+  Joint Committee of Maize Importers told Reuters.
+      He said more than 75 pct of the imports come from the U.S.
+  And the rest from South Africa.
+      The maize import target for calendar 1987 is set at well
+  over 3.4 mln tonnes compared with an actual 3.07 mln in 1985,
+  he added.
+  
+
diff --git a/reuters/training/4048 b/reuters/training/4048
new file mode 100644
index 0000000000000000000000000000000000000000..4ca74aaa4b8d7a5f82b3a50a61fd92d16db22240
--- /dev/null
+++ b/reuters/training/4048
@@ -0,0 +1,23 @@
+TAIWAN FURTHER RELAXES FOREIGN GOODS IMPORT CURBS
+  Taiwan said it would soon relax import
+  controls on some 400 foreign items, including stationery and
+  books, in a further effort to allow trading partners,
+  especially the U.S., Greater access to its markets.
+      Taiwan announced the easing of import curbs on some 600
+  farm and industrial products last month, a Council for Economic
+  Planning and Development spokesman told Reuters.
+      He said the new move was intended to balance trade between
+  Taiwan and its trading partners. The island's trade surplus
+  reached a record 15.6 billion U.S. Dlrs last year, up from
+  10.62 billion in 1985.
+      In January, Taiwan cut import tariffs on some 1,700 foreign
+  products and allowed imports of U.S. Wine, beer and cigarettes.
+      "We hope the measures will help reduce our trade surplus
+  this year, especially with that of the U.S.," the spokesman
+  said.
+      Washington is pressing Taiwan to open its markets wider as
+  a way of cutting its trade deficit with the island, which rose
+  to 2.35 billion U.S. Dlrs in the first two months of 1987 from
+  1.87 billion in the year-earlier period.
+  
+
diff --git a/reuters/training/4049 b/reuters/training/4049
new file mode 100644
index 0000000000000000000000000000000000000000..914372e68788f968afa9c79ea1a6718892000922
--- /dev/null
+++ b/reuters/training/4049
@@ -0,0 +1,88 @@
+ECONOMIC SPOTLIGHT - MITSUBISHI HEAVY FIGHTS BACK
+  International efforts to redirect Japan's
+  export-driven economy toward domestic consumption face heavy
+  going if the country's largest defence contractor and world's
+  biggest shipbuilder is anything to go by.
+      Mitsubishi Heavy Industries Ltd <MITH.T> (MHI), which began
+  making ships and iron goods for Japan's military rulers 130
+  years ago, is responding to the strong yen by redoubling its
+  efforts to maintain its share of export markets.
+      "If we sell the best quality and the cheapest products,
+  everyone will buy them," MHI president Yotaro Iida said.
+      Although two of MHI's main businesses, shipbuilding and
+  power plant construction, have been hit hard by the yen's 40
+  pct rise against the dollar, the company has no plans to
+  abandon them, Iida told Reuters in an interview.
+      Its other big activity, aircraft component manufacture, has
+  performed so well that MHI now accounts for half of the money
+  Tokyo spends on defence procurement each year.
+      "We have made the utmost efforts among the world's
+  manufacturers to improve productivity," he said. "You may be
+  surprised if you come to see our plants. The outside is old but
+  the inside is ultra-modern, with robots and computers."
+      Securities analysts at major securities houses agreed that
+  MHI has pared costs more quickly than its competitors. The
+  company has slashed its workforce to 47,000 from 86,000 in
+  1976.
+      Despite its cost-cutting, MHI expects profits to drop 40
+  pct to 30 billion yen in the current fiscal year ending March
+  31, from 1985/86's record 50.14 billion.
+      And that includes gains from the sale of MHI's stake in
+  Mitsubishi Motors Corp <MIMT.T> for 49 billion yen.
+      Iida is optimistic about the future, however. He said a
+  resurgence of demand from the Middle East following the recent
+  recovery in oil prices coupled with persistent demand for power
+  plants in developing countries will help MHI restore its
+  exports-to-sales ratio to the past decade's average of 30 pct.
+      MHI's exports-to-sales ratio fell to 25.9 pct in the
+  half-year ended last September, from 35 to 36 pct five years
+  ago.
+      China is the most promising market, although MHI also
+  considers other non-oil-producing developing countries as major
+  customers.
+      "Our customers are all seen as being in trouble due to a
+  lack of foreign currency," Iida said. But he added that he felt
+  MHI could sell to those markets with Japanese government
+  financial support.
+      It can also finance the plants itself and recover its
+  investment through product sales, a strategy Iida said could
+  prove popular in the future.
+      In shipping, MHI is fighting back against low-priced South
+  Korean competition by building more technologically advanced
+  carriers to carry liquefied natural gas and other products
+  difficult to transport.
+      Shipbuilders Association officials told Reuters MHI is the
+  world's largest shipbuilder in terms of orders and capacity.
+      Domestically, MHI is involved in 12 national projects,
+  including development of nuclear fusion reactors and launch
+  vehicles for man-made satellites.
+      It has been the biggest contractor for the Japan Defence
+  Agency's F-15 and F-14 jet fighters and missiles, although all
+  of these have been built under licence from U.S. Firms.
+      MHI is now heading up five Japanese companies seeking to
+  develop the country's own fighter plane to replace the
+  currently used F-1 support fighters in the late 1990s.
+      Military experts said Washington is putting strong pressure
+  on Tokyo to buy a U.S. Plane, either the McDonnell Douglas Corp
+  F-18 or General Dynamics Corp F-16, to reduce Japan's huge
+  trade surplus with the U.S.
+      "It might be a good idea to jointly produce planes with U.S.
+  Makers as Japan is supported by the U.S. Defence umbrella," Iida
+  said.
+      MHI also plans to cooperate with the U.S. In its Strategic
+  Defence Initiative space defence program by participating in
+  the project when it moves from the research stage, he said.
+      The U.S. Has been seeking Japan's technological support.
+      In fiscal 1985/86, aircraft accounted for 17.1 pct of MHI's
+  sales, shipbuilding 17 pct and power plants 27.9 pct. Iida said
+  the ideal ratio is power plants 30 pct, aircraft and special
+  vehicles 25 pct and shipbuilding 15 pct.
+      As for the remaining 30 pct, Iida said he wanted to shift
+  the domestic focus away from heavy machinery sold to
+  manufacturers and towards household goods, but he declined to
+  specify which products.
+      "By the end of this year, you may find our brand name on
+  your daily products, although this does not mean we will run
+  away from our mainstream business," he said.
+  
+
diff --git a/reuters/training/405 b/reuters/training/405
new file mode 100644
index 0000000000000000000000000000000000000000..c0fdc60f78f474ac28e42c3bcd8b7a05ed4d4b45
--- /dev/null
+++ b/reuters/training/405
@@ -0,0 +1,7 @@
+POREX TECHNOLOGIES <PORX> SETS INITIAL DIVIDEND
+  Porex Technologies Corp said its
+  board declared an initial annual dividend of 10 cts per share,
+  its first payout, payable March 26 to holders of record March
+  12.
+  
+
diff --git a/reuters/training/4051 b/reuters/training/4051
new file mode 100644
index 0000000000000000000000000000000000000000..e12cb53d1f6c05aedda5153ad1219e5cf7aeb075
--- /dev/null
+++ b/reuters/training/4051
@@ -0,0 +1,13 @@
+BANGLADESH PORT WORKERS END STRIKE
+  Cargo handling resumed at
+  Bangladesh's Chittagong port today after 7,000 workers ended
+  their three day walk-out triggered by a pay dispute, port
+  officials said.
+      Loading and unloading of 14 ships stranded by the strike
+  started this morning and will be completed as quickly as
+  possible, they said.
+      The strikers returned to work after an agreement was
+  reached last night between port authorities and the Port
+  Workers Association, they said without giving details.
+  
+
diff --git a/reuters/training/4052 b/reuters/training/4052
new file mode 100644
index 0000000000000000000000000000000000000000..b4a1cba9567096cd40dcfc9d237c740d17efb421
--- /dev/null
+++ b/reuters/training/4052
@@ -0,0 +1,43 @@
+LEIGH-PEMBERTON OPPOSES TAKEOVER PROTECTION RULES
+  The Bank of England does not favour the
+  introduction of rules to shield companies from hostile takeover
+  attempts, its governor, Robin Leigh-Pemberton, said.
+      Instead, merchant banks advising bidding companies must
+  show restraint and responsibility to avoid the excesses that
+  have marred recent takeovers, he told the Yorkshire and
+  Humberside Regional Confederation of British Industries' annual
+  dinner.
+      Leigh-Pemberton also called on companies to improve ties
+  with institutional investors, suggesting representatives of
+  those institutions be granted seats on the boards of directors
+  of companies they invest in.
+      "Boards cannot expect protection from unwelcome predators,
+  for that is but a short step from saying that they should be
+  protected from their own shareholders -- who are, after all,
+  the proprietors of the company," Leigh-Pemberton said.
+      He added takeovers and mergers had an important role to
+  play in furthering economies of scale, integration and more
+  efficient market penetration. "The degree of success or failure
+  (of a takeover) has not in my experience depended on whether or
+  not the takeover was contested," he said.
+      Leigh-Pemberton noted there had been excesses in takeover
+  activity in the recent past. "The aim is to pressurise a
+  company's management into action dedicated solely to a
+  favourable impact on the share price in the short-term, partly
+  or even primarily at the expense of the future," he said.
+      Such bids "often depend for their success on creating a
+  highly-charged and artificial situation in the share market,
+  and give rise to temptations, on both sides of the battle, to
+  engage in aggressive, even manipulative tactics that are
+  immensely damaging to the interest of the shareholders," he
+  said.
+      In a clear reference recent events, he said "those in the
+  City who act for companies or individuals .. Must, I suggest,
+  be ready to accept a full measure of responsibility -- even if
+  it entails opprobrium -- for the transactions that may result."
+      They "should exercise the most careful judgment at the
+  outset with respect to the clients for whom they act and the
+  activities contenplated. Those who sow wind cannot expect the
+  whirlwind to visit elsewhere," he added.
+  
+
diff --git a/reuters/training/4054 b/reuters/training/4054
new file mode 100644
index 0000000000000000000000000000000000000000..34bc6ee4568c68f0c771a9a663da05c8eeb45614
--- /dev/null
+++ b/reuters/training/4054
@@ -0,0 +1,13 @@
+TONEN SEKIYU AND EXXON UNIT STUDYING RESIN PROJECT
+  <Tonen Sekiyukagaku KK> and <Exxon
+  Chemical Co>, a petrochemical division of Exxon Corp <XON>,
+  said they agreed to accelerate a study to set up an
+  equally-owned joint venture to make waterwhite resin in Japan.
+      Details of the venture, to be based on Exxon Chemical
+  technology, will be set later, the companies said.
+      Waterwhite resins are widely used in adhesive applications
+  for baby nappies, medical tapes, and other bonding agents.
+      Tonen is a wholly-owned subsidiary of Toa Nenryo Kogyo KK
+  <TNEN.T> which is owned 25 pct by Exxon Corp.
+  
+
diff --git a/reuters/training/4055 b/reuters/training/4055
new file mode 100644
index 0000000000000000000000000000000000000000..7a6a722c827f451e2194f41bd0c30323c27817ec
--- /dev/null
+++ b/reuters/training/4055
@@ -0,0 +1,25 @@
+JAPANESE PURCHASE OF U.S. HIGH-TECH FIRM OPPOSED
+  Commerce Secretary Malcolm Baldrige
+  has asked the White House to consider blocking the planned
+  Japanese acquisition of a major U.S. Computer and semiconductor
+  maker, U.S. Officials said yesterday.
+      The officials told reporters Baldrige had serious concerns
+  on national security grounds about the sale of Schlumberger Ltd
+  <SLB> unit <Fairchild Semiconductor Inc> to Fujitsu Ltd
+  <ITSU.T>. The officials said the sale could leave the United
+  States overly dependent on a foreign company for equipment used
+  in advanced missiles, aircraft electronics and intelligence
+  gathering.
+      The U.S. Officials added the sale would also worsen the
+  strained relations between the two countries stemming from the
+  huge Japanese trade surplus.
+      The White House Economic Policy Council would consider the
+  sale in the coming weeks, they said.
+      Defence Secretary Caspar Weinberger's position was not
+  known, but in the past, he has opposed the transfer of high
+  technology to foreign governments or companies.
+      Computers made by U.S. Manufacturers are widely used in the
+  world, but Tokyo told U.S. Negotiators recently it prefers
+  local manufacturers and would not buy U.S. Supercomputers.
+  
+
diff --git a/reuters/training/4056 b/reuters/training/4056
new file mode 100644
index 0000000000000000000000000000000000000000..0c379c3f03300aa5f92ba835ccf0e6d8858492e1
--- /dev/null
+++ b/reuters/training/4056
@@ -0,0 +1,14 @@
+S.KOREA TO BUY MORE COTTON, ESPECIALLY U.S. COTTON
+  South Korea plans to import about 387,000
+  tonnes of cotton this year compared to 225,000 tonnes in 1986,
+  trade ministry officials said.
+      More than three quarters of the total, some 290,000 tonnes,
+  will come from the United States. That will be a 93.7 pct
+  increase on 1986 when U.S. Imports totalled 150,000 tonnes, an
+  official said.
+      He said the U.S. Increase is due partly to the
+  competitiveness of American cotton and partly to efforts by
+  Seoul to reduce its trade surplus with Washington. South Korea
+  is the second largest importer of U.S. Cotton after Japan.
+  
+
diff --git a/reuters/training/4057 b/reuters/training/4057
new file mode 100644
index 0000000000000000000000000000000000000000..5a6eaf26e5fa068fcc80c91e5b87a603b69287cd
--- /dev/null
+++ b/reuters/training/4057
@@ -0,0 +1,35 @@
+AWB SAYS AUSTRALIAN WHEAT SALES OVER 10 MLN TONNES
+  The Australian Wheat Board's (AWB)
+  1986/87 export program is well advanced with over 10 mln tonnes
+  already sold, AWB general manager Ron Paice said.
+      "We are certainly within reach of our 15 mln tonne export
+  target for the year," he said in a statement.
+      He did not detail the commitments already made, but an AWB
+  spokesman said they include sales to Egypt, China, Iran, the
+  Soviet Union and Iraq.
+      In the 1985/86 wheat year ended September 30, the AWB
+  exported a record 15.96 mln tonnes.
+      Paice also said the 1986/87 Australian wheat harvest has
+  ended after a long, cool summer with 15.14 mln tonnes delivered
+  to the AWB.
+      The season produced another good crop, with only 0.2 pct of
+  receivals being downgraded to feed quality, he said.
+      However, it is likely that some weather-damaged grain was
+  still being held on farms and further milling and feed wheat
+  may be delivered following the recent announcement of the final
+  Guaranteed Minimum Price for 1986/87, he said.
+      Paice did not give a crop estimate, but the AWB's February
+  Wheat Australia publication put the crop at 16.7 mln tonnes.
+      But the AWB spokesman said it is likely this estimate could
+  turn out to be too high, based on the receivals level, and the
+  final crop figure would probably be nearer to 16.2 mln tonnes.
+  The official estimate is not yet available.
+      In the 1985/86 season, the AWB received 15.08 mln tonnes of
+  the 16.13 mln tonne crop.
+      Another 422,000 tonnes was retained on-farm and 620,000
+  sold under the permit system introduced in 1984/85 to allow
+  farmers to sell feed wheat to the grain trade outside the AWB's
+  receival system, according to Bureau of Agricultural Economics
+  data.
+  
+
diff --git a/reuters/training/4058 b/reuters/training/4058
new file mode 100644
index 0000000000000000000000000000000000000000..c8835bf4463f884afe09eef7e396ea07f3d7bbb2
--- /dev/null
+++ b/reuters/training/4058
@@ -0,0 +1,25 @@
+NORTH BH SETS ONE-FOR-FIVE OFFER FOR NORGOLD FLOAT
+  North Broken Hill Holdings Ltd
+  <NBHA.ME> (NBH) said it will offer one <Norgold Ltd> share for
+  every five NBH shares in the float of its newly created gold
+  offshoot.
+      The 20 cent par-value shares will be offered at 22 cents to
+  shareholders registered April 3, NBH said in a statement.
+      Norgold's issued capital will be 240.5 mln shares, of which
+  63 pct will be held by NBH after 89 mln are issued to
+  shareholders to raise 19.6 mln dlrs, it said.
+      Norgold will take control of a portfolio of precious metal
+  exploration and pre-development interests held by NBH.
+      The major gold deposit to be acquired by Norgold is 100 pct
+  of the Bottle Creek deposit, west of Leonora in Western
+  Australia, NBH said.
+      Production of gold from the project, at an annual rate of
+  35,000 ounces, is scheduled to begin early in 1988.
+      Norgold will also have a 10 pct stake in the Coronation
+  Hill gold/platinum project in the Northern Territory and 43 pct
+  of the Poona copper/gold project in South Australia.
+      Other gold exploration interests to be acquired by Norgold
+  are in Western Australia, Queensland, New South Wales and
+  Tasmania, NBH said.
+  
+
diff --git a/reuters/training/406 b/reuters/training/406
new file mode 100644
index 0000000000000000000000000000000000000000..a8c07ab9c97e0cae5a63f52ceece225373c71cf2
--- /dev/null
+++ b/reuters/training/406
@@ -0,0 +1,6 @@
+DAVIS WATER <DWWS> DECLARES STOCK DIVIDEND
+  Davis Water and Waste
+  Industries Inc said its board declared a 33-1/3 pct stock
+  dividend, payable March 23 to holders of record March 12.
+  
+
diff --git a/reuters/training/4061 b/reuters/training/4061
new file mode 100644
index 0000000000000000000000000000000000000000..4f1f879ab1d8aebb96381f3b9566726169f43278
--- /dev/null
+++ b/reuters/training/4061
@@ -0,0 +1,43 @@
+STRIKING BRAZIL SEAMEN THREATEN MASS RESIGNATION
+  Striking seamen said they would
+  offer their collective resignation rather than end their
+  13-day-old national strike on management's terms.
+      The seamen said they were spurred to their decision after
+  marines occupied the ship Docemarte in Santos harbour Tuesday
+  night. They said seamen on the vessel were being forced to work
+  under duress.
+      President Jose Sarney's government despatched troops to
+  Brazil's ports and oil installations on Tuesday.
+      Seamen in Santos, Brazil's main port, are in defiant mood.
+  One of their leaders, Orlando dos Santos, told Reuters that
+  most of the 1,100 seamen in the port offered their resignations
+  on Wednesday. The national strike headquarters in Rio de
+  Janeiro said seamen were offering to resign in all the
+  country's main ports.
+      The strike by 40,000 seamen comes as Brazil faces a serious
+  debt crisis brought on by a sharp deterioration in its trade
+  balance. The country needs all the foreign exchange it can get,
+  and shipowners have been quick to denounce seamen for the harm
+  the strike is doing to exports.
+      An advertisement placed in the newspapers by the Shipowners
+  Association read, "The seamen's strike is illegal, irrational
+  and unpatriotic."
+      The seamen respond that they cannot live on their present
+  salaries. According to officical pay lists available in the
+  union's office, the basic pay for ordinary seamen is 1,977
+  cruzados a month, while various allowances can bring their
+  total pay up to 4,000 cruzados a month.
+      At the other end of the scale, captains earn 7,993 cruzados
+  a month basic pay, which is brought up to 15,229 cruzados with
+  allowances. 
+      "Brazil's seamen are the second worst paid in the world,
+  after Ghana's," dos Santos said. He said the seamen had not
+  received a pay increase since February 1986, and prices have
+  doubled since then with the collapse of the government's
+  Cruzado Plan price freeze.
+      Talks in Rio de Janeiro Wednesday involving Labour Minister
+  Almir Pazzionotto, seamen and employers failed to resolve the
+  dispute. The seamen are demanding pay raises of about 200 pct
+  but have been offered less than half that.
+  
+
diff --git a/reuters/training/4062 b/reuters/training/4062
new file mode 100644
index 0000000000000000000000000000000000000000..edc8d513040c456616f36949e112569e222a2285
--- /dev/null
+++ b/reuters/training/4062
@@ -0,0 +1,5 @@
+ German net currency reserves rise 400 mln marks to 87.0 billion - Bundesbank
+
+   German net currency reserves rise 400 mln marks to 87.0 billion - Bundesbank
+  
+
diff --git a/reuters/training/4063 b/reuters/training/4063
new file mode 100644
index 0000000000000000000000000000000000000000..3e862d4eb3d5378cdac6cccff02e662224abd72c
--- /dev/null
+++ b/reuters/training/4063
@@ -0,0 +1,23 @@
+INDONESIAN COFFEE PRODUCTION MAY FALL THIS YEAR
+  Indonesia's coffee production in
+  1986/87 ending September 30 may fall slightly from last year's
+  level of 360,000 tonnes, Dharyono Kertosastro, chairman of the
+  Association of Indonesian Coffee Exporters told Reuters.
+      He said shade trees had been damaged by pests and this may
+  have affected the crop, though it remains to be seen how
+  seriously. Indonesia's main crop is harvested next month.
+      He gave no figure for expected output, except to say it
+  would probably be down a little from 1985/86. He said stocks
+  were about normal at 90,000 tonnes.
+      Kertosastro predicted that exports were unlikely to rise
+  much from last year's level of 320,000 tonnes. "I expect exports
+  will be a bit more, maybe 330,000 tonnes, but not above that,"
+  he said. Exports in 1985/86 were valued at 944 mln U.S. Dlrs,
+  but the value could fall by 30 pct this year because of low
+  prices, he added.
+      Dharyono said production was behind a five year plan target
+  of 420,000 tonnes for the current year, but Indonesia is trying
+  to boost output through introduction of higher yielding seeds,
+  better training for farmers and increased use of fertilizers.
+  
+
diff --git a/reuters/training/4064 b/reuters/training/4064
new file mode 100644
index 0000000000000000000000000000000000000000..2a3b06a94c8e99d83022d9e4cea352ca33be2baf
--- /dev/null
+++ b/reuters/training/4064
@@ -0,0 +1,27 @@
+RENOUF SELLS 10.83 PCT NZI STAKE TO BRIERLEY
+  <Renouf Corp Ltd> said it sold its
+  10.83 pct stake in <NZI Corp Ltd> to <Brierley Investments
+  Ltd>, (BIL), for 207.7 mln N.Z. Dlrs.
+      Renouf managing director Mike Cashin said in a statement it
+  had been Renouf's intention to build up a long-term strategic
+  position in NZI. "But it became clear to us that it was in the
+  best interests of both NZI and ourselves for Brierley
+  Investments to acquire our holding," he said.
+      He said Renouf built up its NZI holding over the past six
+  months. The sale comprised 74.9 mln shares at 2.725 N.Z. Dlrs a
+  share and 2,095 warrants at 1,709 dlrs each.
+      The warrants are attached to a 150 mln Swiss franc note
+  issue. Each bond of 5,000 francs carries a detachable warrant
+  entitling the bearer to 2,486 NZI shares.
+      In its 1986 annual report BIL reported that it held a 19
+  pct stake in NZI.
+      NZI has 673.4 mln ordinary shares on issue. Total capital
+  including shares attached to warrants is 678.8 mln shares.
+      Cashin said the sale will result in a significant profit
+  and places Renouf in a good position to consolidate on recent
+  transactions and pursue other opportunities.
+      NZI shares were at 2.18 N.Z. Dlrs, BIL at 4.08 and Renouf
+  at 6.15 at the close of trading.
+      BIL executives were unavailable for comment.
+  
+
diff --git a/reuters/training/4065 b/reuters/training/4065
new file mode 100644
index 0000000000000000000000000000000000000000..d13508e012f149b65fba7b6b5b0df456a93c2b76
--- /dev/null
+++ b/reuters/training/4065
@@ -0,0 +1,9 @@
+BOLIDEN  AB <BLDS ST> 1986 RESULTS
+  Group loss after financial income and expenses 1.08
+      Billion vs loss 71 mln crowns
+      Sales - 12.38 billion crowns vs 6.16 billion.
+      No proposed dividend vs 10 crowns.
+      Note - The company this year consolidated wholesale and
+  investment conglomerate Ahlsell AB.
+  
+
diff --git a/reuters/training/4066 b/reuters/training/4066
new file mode 100644
index 0000000000000000000000000000000000000000..b13385d5a635cee73204098f2456288fc3e17cb4
--- /dev/null
+++ b/reuters/training/4066
@@ -0,0 +1,12 @@
+BRITAIN TO MINT NEW "BRITANNIA" GOLD COIN
+  Britain will from next autumn mint and
+  market a new bullion coin called the "Britannia" containing one
+  ounce of 24 carat gold, together with bullion coins of smaller
+  denominations, a Treasury official said.
+      The new investment coin, to be sold worldwide, will
+  fluctuate in price according to the international price of
+  gold.
+      The smaller coins will be in denominations of a half ounce,
+  a quarter ounce and a tenth of an ounce. REUTER
+  
+
diff --git a/reuters/training/4067 b/reuters/training/4067
new file mode 100644
index 0000000000000000000000000000000000000000..510242b59cb8c8598397ba3ab28be63d141f3bcf
--- /dev/null
+++ b/reuters/training/4067
@@ -0,0 +1,97 @@
+SAUDI BANKS FACE FURTHER LEAN PERIOD
+  Saudi Arabia's 11 commercial banks are
+  reporting a further decline in profits for 1986 as increasing
+  provisions have to be set aside to cover the burden of non-
+  performing loans.
+      Bankers in the Saudi capital said the need to build
+  reserves for bad and doubtful debts may start to decline a
+  little this year.
+      But the kingdom's still sluggish economy and legal problems
+  hampering traditional lending operations mean earnings will
+  remain vulnerable.
+      One senior bank credit officer said "The work is largely
+  done in terms of identifying bad loans and making provisions,
+  but banks are still going to face difficulties earning money."
+      The sudden decline of Saudi Arabia's corporate sector in
+  1983 - culminating in a number of debt reschedulings - has
+  taken a heavy toll of bank profits, with first results now
+  appearing for 1986 showing a fourth successive year of broad
+  decline.
+      The cumulative net 1985 earnings of the kingdom's banks had
+  sunk to 827.9 mln riyals from 2.66 billion in 1982 before world
+  oil prices tumbled.
+      Of the kingdom's nine joint-venture banks which operate on
+  the Gregorian calendar year, four have already reported and
+  revealed a further profits decline - or net loss - for 1986 at
+  the expense of increased provisions.
+      The newest and smallest of the joint ventures, <United Saudi
+  Commercial Bank> (USCB) reported a 1986 net loss of 15.9 mln
+  riyals, marginally less than 1985's shortfall of 17.0 mln.
+      Profits before provisions were sharply higher, in part
+  reflecting an 18 pct staff cut last year. But the bank nearly
+  trebled the amount set aside against bad and doubtful loans to
+  60 mln riyals from 22 mln in 1985.
+      Other results released so far show <Saudi American Bank>
+  (SAMBA) reporting a 53.8 pct fall in 1986 net profit to 80.7
+  mln riyals, while <Al Bank Al Saudi Al Fransi>, known as Saudi
+  French, slid 14 pct to 94.9 mln riyals.
+      Both Saudi American, owned 40 pct by Citicorp's <CCI.N>
+  Citibank NA and Saudi French, 40 pct owned by Banque Indosuez,
+  increased provisions sharply.
+      <Arab National Bank>'s net profit fell 17.8 pct to 152.1
+  mln riyals and provisions were more than doubled to 86.6 mln
+  riyals.
+      Bankers said there are first signs that the number of non-
+  performing loans has stopped growing as the decline in the
+  Saudi economy bottoms out.
+      Few are willing to predict a sharp upturn in economic
+  activity, but one banker said "The top 50 pct of the Saudi banks
+  are now at or close to international levels on provisions."
+      From 1982 to 1985, the kingdom's largest bank <National
+  Commercial Bank> (NCB) stashed away 1.7 billion riyals in
+  provisions or 8.9 pct of its total loans and advances to the
+  private sector, bankers calculated.
+      Between 1982 and 1985, <Riyad Bank>, NCB's rival as the
+  second biggest of the two all-Saudi shareholding banks, had
+  covered 12.8 pct of its loans and advances. Both banks operate
+  on an Islamic year that does not coincide with the other nine.
+      Although the Saudi Arabian Monetary Agency (SAMA) has been
+  tightening supervision, there is still no standardised rule for
+  declaring loans as non-performing.
+      Bankers say this makes comparison of profit figures
+  difficult because some banks still book non-accruing interest
+  as revenue while others follow more conservative practices in
+  force in major world financial centres.
+      Bankers generally said NCB, Riyad Bank and the
+  joint-ventures SAMBA, Saudi French and Arab National Bank rank
+  as the strongest earners.
+      Other banks such as <Saudi British Bank>, 40 pct owned by
+  the <British Bank of the Middle East>, are disadvantaged by a
+  relatively low deposit base.
+      Saudi British slashed 1985 profit 91 pct to just 9.1 mln
+  riyals and 1986 accounts due soon are expected to show another
+  low figure. But the bank has traditionally been one of the most
+  conservative in making provisions.
+      Bankers said SAMA has proved it is not prepared to see a
+  Saudi bank go under and not only supported <Saudi Cairo Bank>
+  after its troubled 1985 accounts came to light but also made
+  available cheap deposits to <Saudi Investment Bank> and USCB.
+      The banks can on-lend these to generate profit, but
+  generally banks are awash with liquidity since they are
+  unwilling to risk incurring fresh non-performing loans.
+      And while banks in more liberal financial markets can
+  attempt to diversify away from traditional lending,
+  conservatism in Saudi banking has made it difficult to generate
+  fee income from new investment banking products.
+      One banker said "Operating earnings in the Kingdom are not
+  good."
+      Reflecting the caution in new lending, the amount of
+  advances is showing a declining trend, while the days when
+  banks had ample funds in interest-free current accounts to
+  invest are disappearing as Saudi customers seek a better return
+  on their money.
+      In 1979, the ratio of interest-bearing accounts to current
+  accounts was 27 to 73 pct. Today, only about 40 pct of customer
+  funds are held on current account.
+  
+
diff --git a/reuters/training/4069 b/reuters/training/4069
new file mode 100644
index 0000000000000000000000000000000000000000..d163af2f775bd53d31cbc3bcd805e32f11b5c420
--- /dev/null
+++ b/reuters/training/4069
@@ -0,0 +1,24 @@
+GUINNESS CHALLENGES 5.2 MLN STG PAYMENT TO LAWYER
+  Guinness Plc <GUIN.L> , the
+  brewing group, has challenged a 5.2 mln stg payment to a U.S.
+  Lawyer who says he organised its controversial takeover of
+  Scotch whisky maker <The Distillers Co Plc>.
+      But attorneys for lawyer Thomas Ward, a member of the
+  Guinness board, told a court yesterday in the Channel Island of
+  Jersey that Ward saw the payment as his reward for services in
+  last year's 2.7 billion stg takeover.
+      Britain's Department of Trade and Industry is investigating
+  the takeover.
+      Guinness says its former chairman Ernest Saunders and Ward
+  "breached their fiduciary duty" in authorising the payment to
+  Ward, via a Jersey-based company, Marketing and Acquisitions
+  Consultants and has gone to the Jersey court to recover it.
+      MAC said in defence documents that Ward was the main
+  negotiator in the battle for Distillers against rival bidder
+  Argyll <AYLL.L> Group Plc.
+      "The bid would not have been successful but for the ...
+  Services of Mr Ward," MAC attorneys said in the documents
+  submitted in court. "The payment was, in all the circumstances,
+  reasonable, proper and fully earned."
+  
+
diff --git a/reuters/training/407 b/reuters/training/407
new file mode 100644
index 0000000000000000000000000000000000000000..d94f775750a5bd2d27c3d15257ddd0c994329fcf
--- /dev/null
+++ b/reuters/training/407
@@ -0,0 +1,7 @@
+MEDCO CONTAINMENT <MCCS> SETS INITIAL PAYOUT
+  Medco Containment Services
+  Inc said its board declared an initial annual dividend of 10
+  cts per share, its first payout, payable March 19 to holders of
+  record March 12.
+  
+
diff --git a/reuters/training/4071 b/reuters/training/4071
new file mode 100644
index 0000000000000000000000000000000000000000..8236b2ac4853619918e79ff386ac899d4a8b13cd
--- /dev/null
+++ b/reuters/training/4071
@@ -0,0 +1,61 @@
+INDONESIA PRESSING FOR COMPROMISE OVER COFFEE
+  Indonesian coffee exporters are
+  preparing for a period of depressed prices while urging their
+  government to lobby for a resolution of the deadlocked issue of
+  export quotas, the chairman of the Association of Indonesian
+  Coffee Exporters (AICE) told Reuters.
+      Dharyono Kertosastro said in an interview that Indonesia,
+  the world's third largest producer, is trimming costs and
+  improving its marketing while seeking a compromise on quotas.
+      "But as long as Brazil sticks to its hardline position, we
+  can never bridge the gap," Dharyono said.
+      Indonesia was one of a group of eight producing countries,
+  along with Costa Rica, the Dominican Republic, Ecuador,
+  Honduras, India, Papua New Guinea and Peru, which proposed a
+  new quota system at last month's failed International Coffee
+  Organistion (ICO) talks in London.
+      Brazil, which would have had its quota reduced under the
+  Group of Eight scheme, blocked the proposal.
+      AICE officials are now hoping Colombia can use its contacts
+  with Brazil to suggest a compromise.
+      Edward Muda, an AICE official who attended the ICO
+  negotiations, said Latin American members of the Group of Eight
+  were in contact with Colombia, the world's second largest
+  producer, but gave no details.
+      "Colombia has shown interest because they will gain from a
+  compromise. Without one, they will suffer if the present market
+  stays like it is," Muda said.
+      He said Indonesia was in contact with consumers such as the
+  U.S., Japan, the Netherlands, West Germany and Canada ahead of
+  an ICO executive board meeting scheduled for April 1.
+      Dharyono said the AICE will send delegations to the U.S.
+  And Japan to brief Indonesian embassy officials there and press
+  them to present Indonesia's case more firmly.
+      He urged the Indonesian government to do more to help the
+  country's coffee traders through the ICO negotiations.
+      Muda said the Group of Eight had some common ground with
+  the big consumers because they agreed on the need for basing
+  quotas on what he termed "realistic criteria."
+      The breakaway group believes the old quota system, which
+  gives Brazil a 30 pct share of the quota exports, does not
+  reflect up-to-date supply and demand trends.
+      Brazil has stuck rigidly to its insistence that the old
+  system be applied.
+      Export quotas were suspended in February 1986 when market
+  prices surged because of the failure of the Brazilian crop.
+      Although prices have long since come down to a point where
+  export controls could be reintroduced, producers and consumers
+  at the 75-member ICO have not been able to agree on new
+  guidelines. Brazil and the U.S., The largest consumer, are both
+  refusing to alter their positions.
+      Dharyono said if new quotas are not agreed he believed
+  Indonesia was well placed to survive low prices.
+      Indonesian farmers are trimming production costs and the
+  AICE is improving its marketing system, Dharyono said.
+      Indonesia's coffee output in 1986/87, ending September 30,
+  is expected to stagnate or fall slightly from last year's level
+  of 360,000 tonnes, he said.
+      He said stocks, at 90,000 tonnes, were about average for
+  the time of year.
+  
+
diff --git a/reuters/training/4074 b/reuters/training/4074
new file mode 100644
index 0000000000000000000000000000000000000000..d288d4b8bbbc53d7d02203d569a00902bc6bcb0f
--- /dev/null
+++ b/reuters/training/4074
@@ -0,0 +1,25 @@
+JAPANESE CORPORATE EARNINGS RECOVERY PREDICTED
+  Japanese corporate earnings will rise 8.9
+  pct in fiscal 1987/88 for the first year-on-year increase in
+  three years, partly because of the yen's stable exchange rate,
+  the Nomura research institute said.
+      Sales of all industries are predicted to rise 1.9 pct in
+  the year, which starts April 1, the research arm of Nomura
+  Securities Co said in a statement.
+      Recurrent profits were estimated to fall 20 pct in the
+  current fiscal year with sales forecast to drop 14 pct.
+      The forecast assumes an average rate of 148.5 yen to the
+  dollar in 1987/88, compared with 160 yen in the current year.
+      Corporate efforts to cope with the yen's appreciation, such
+  as cutting production costs, are expected to bear fruit next
+  fiscal year, the institute said. The economy should also
+  benefit from pump-priming expected from the government and a
+  halt in rising prices of manufactured goods, it said.
+      Recurrent profits of manufacturing industries are projected
+  to rise 29.6 pct next fiscal year against an estimated 40.1 pct
+  fall in the current year.
+      Non-manufacturing sector profits will decline 4.5 pct in
+  1987/88 against an estimated 2.2 pct rise in the current year,
+  it said.
+  
+
diff --git a/reuters/training/4075 b/reuters/training/4075
new file mode 100644
index 0000000000000000000000000000000000000000..279cf8fb0acccb327682aebf732ca0b761855f07
--- /dev/null
+++ b/reuters/training/4075
@@ -0,0 +1,24 @@
+BOLIDEN SAYS RESULTS BURDENED BY LOSS WRITEOFF
+  Swedish mining and metals group
+  Boliden AB <BLDS ST> forecast a return to profitability during
+  1987 after recording a 1.08 billion crown 1986 loss burdened by
+  a massive write-off.
+      The company, which consolidated the Swedish wholesale and
+  investment conglomerate <Ahlsell AB> this year, said the result
+  included restructuring costs and write-offs of 802 mln crowns.
+      "These costs have arisen as a results of a change of
+  direction for the group. They are mainly one-off but they have
+  burdened the annual accounts," the company said in a statement.
+      Boliden said the company's liquid assets were 1.36 billion
+  crowns at year-end which together with an investment portfolio
+  of 1.60 billion made it one of the most liquid Swedish
+  companies.
+      As a result of the 1986 losses, the board proposed
+  cancelling dividend for the year although it predicted a return
+  to profitability during 1987, the statement added.
+      Swedish tyres, process equipment and components firm
+  <Trelleborg AB> has taken a majority stake in Boliden since the
+  beginning of this year. Trelleborg then said it had no plans
+  for consolidating Boliden.
+  
+
diff --git a/reuters/training/4076 b/reuters/training/4076
new file mode 100644
index 0000000000000000000000000000000000000000..c9e296b0095b4ee763b8310a47beea51205dbce2
--- /dev/null
+++ b/reuters/training/4076
@@ -0,0 +1,14 @@
+TAIWAN BUYS 27,000 TONNES OF U.S. SOYBEANS
+  The joint committee of Taiwan's soybean
+  importers awarded a contract to Richco Grain Ltd of New York to
+  supply a 27,000-tonne cargo of U.S. Soybeans, a committee
+  spokesman told Reuters.
+      The shipment, priced at 210.34 U.S. Dlrs per tonne c and f
+  Taiwan, is set for delivery between March 20 and April 5, he
+  said.
+      Taiwan's soybeans imports in calendar 1987 are targetted at
+  1.81 mln tonnes, against an actual 1.74 mln tonnes imported in
+  1986, he said.
+      All the imports come from the U.S., He added.
+  
+
diff --git a/reuters/training/4077 b/reuters/training/4077
new file mode 100644
index 0000000000000000000000000000000000000000..e5bfddfd591199cb1396dd96c122a74cf950927c
--- /dev/null
+++ b/reuters/training/4077
@@ -0,0 +1,9 @@
+CHINA JANUARY WHEAT/SUGAR IMPORTS BELOW YEAR AGO
+  China's wheat imports in January were
+  218,000 tonnes, down from 393,000 in January 1986, the China
+  Daily Business Weekly said, quoting customs figures.
+      It said imports of sugar were 25,165 tonnes, down from
+  54,000, but exports of rice rose to 71,144 tonnes from 20,000.
+  It gave no more details.
+  
+
diff --git a/reuters/training/4078 b/reuters/training/4078
new file mode 100644
index 0000000000000000000000000000000000000000..1566093505de903525bc210670e4acfb2dbfbe5a
--- /dev/null
+++ b/reuters/training/4078
@@ -0,0 +1,19 @@
+FRENCH 1986 CURRENT ACCOUNT SURPLUS REVISED
+  The French 1986 current account balance
+  of payments surplus has been revised slightly upwards to 25.8
+  billion francs from the 25.4 billion franc figure announced
+  last month, the Finance Ministry said.
+      This compares with a 1.5 billion deficit in 1985, and while
+  it is the first surplus since 1979, is substantially lower than
+  the 50 billion surplus forecast by the previous socialist
+  government before they lost office in March last year.
+      Net long-term capital outflows rose sharply to 70.5 billion
+  francs last year from 8.8 billion in 1985, largely due to a
+  major program of foreign debt repayment, the ministry said.
+      In the fourth quarter alone the unadjusted surplus rose to
+  14.1 billion francs from 6.6 billion the previous quarter, but
+  the adjusted surplus fell to 7.4 billion from 9.1 billion.
+      Fourth quarter medium and long-term foreign debt repayments
+  exceeded new credits by 11 billion francs.
+  
+
diff --git a/reuters/training/408 b/reuters/training/408
new file mode 100644
index 0000000000000000000000000000000000000000..b8c1ae62b77980eb07e0dc038fbac3407f9d0454
--- /dev/null
+++ b/reuters/training/408
@@ -0,0 +1,22 @@
+PITTSTON <PCO> AGREES TO ACQUIRE WTC <WAF>
+  Pittston Co said it has
+  tentatively agreed to acquire WTC International N.V. in a
+  tax-free exchange of stock.
+      Pittston said it agreed to exchange 0.523 common share for
+  each of the about 8,612,000 WTC common shares outstanding.
+      Pittston said WTC's three principal shareholders, who own
+  62 pct of its stock, are parties to this agreement. They have
+  granted Pittston the right of first refusal to their shares.
+      WTC has granted Pittston an option to buy WTC shares equal
+  to 18.5 poct of its outstanding stock. The agreement is subject
+  to approval of both boards and WTC shareholders.
+      Pittston said described WTC as a fast growing air freight
+  forwarding company with operations throughout the world. Its
+  revenues totaled nearly 200 mln dlrs in the year ended November
+  30 and for the quarter ended on that date it earned 1.3 mln
+  dlrs on revenues of 55.8 mln dlrs.
+      Pittston said its Burlington Air Express subsidiary
+  generates about two-thirds of its 450 mln dlrs in annual
+  revenes with its domestic air freight services.
+  
+
diff --git a/reuters/training/4080 b/reuters/training/4080
new file mode 100644
index 0000000000000000000000000000000000000000..7edd5174ab6c063c485d19b220afc465b291b212
--- /dev/null
+++ b/reuters/training/4080
@@ -0,0 +1,13 @@
+MALAYSIA OPTIMISTIC OVER ECONOMIC OUTLOOK FOR 1987
+  Malaysia's Central Bank, Bank
+  Negara, said the economic outlook for 1987 is good in view of a
+  marked improvement in commodity and oil prices in the later
+  months of last year.
+      It said in its latest quarterly review that real gross
+  domestic product averaged an annual growth of 1.1 pct over the
+  first nine months of last year compared with a decline of 0.1
+  pct in the corresponding period in 1985.
+      Growth was generated mainly by the manufacturing sector, it
+  added.
+  
+
diff --git a/reuters/training/4081 b/reuters/training/4081
new file mode 100644
index 0000000000000000000000000000000000000000..cd24902af99cff334d3a3039ae87c68057b9be51
--- /dev/null
+++ b/reuters/training/4081
@@ -0,0 +1,47 @@
+ROWNTREE REPORTS PRETAX PROFIT AT 84 MLN STG
+  Rowntree Mackintosh Plc <RWNT.L>
+  announced it made a pretax profit of 84 mln stg in the 53 weeks
+  ending January 3, 1987, compared with 79.3 mln stg in the
+  previous year.
+      Turnover was up to 1.29 billion stg from 1.2 billion. A
+  final dividend of 9.2p was proposed, after a final 8.2p last
+  year. Earnings per share rose to 35p from 34.8p.
+      The results were broadly in line with market expectations,
+  leaving shares at 499p in early trading, up one pence from
+  yesterday's close, but slightly off pre-announcement opening
+  levels.
+      Profit on ordinary activities after tax was 66.2 mln stg,
+  up from the previous year's 60.7 mln.
+      The U.K. Remained Rowntree's largest centre for trading
+  profits, accounting for 47.9 mln stg, up from 45.3 mln in 1985.
+  Profit from its second largest geographical area, North
+  America, slipped to 34.7 mln stg from 37.2 mln. North American
+  profits were affected by the fall of the value of the dollar.
+      Operations in continental Europe made 7.8 mln stg in
+  trading profit, up from 3.4 mln, with 4.0 mln stg made in
+  Australasia, up from 2.3 mln, and 11.3 mln stg from the rest of
+  the world, against 13.1 mln in the previous year.
+      Extraordinary items amounted to a 11.3 mln debit after a
+  16.5 mln debit previously. A company spokesman said this
+  represented additional provisions for the cost of
+  rationalisation plans announced in earlier years.
+      Rowntree expects North American operations will this year,
+  ahead of company expectations, be of the same order as those
+  from the U.K. And the rest of Europe combined, the statement
+  said. A spokesman said no specific figures had been forecast.
+      Acquisitions will continue to be sought worldwide,
+  including further moves in the speciality retailing business
+  which Rowntree first entered in 1983, the statement said.
+      Rising profit from Europe this year was forecast by
+  chairman Kenneth Dixon in a statement. He added the performance
+  of seven businesses bought last year was encouraging.
+      The U.K. Confectionery side gained market share and
+  increased trading margins. The Sun-Pat British grocery concern
+  increased profit and Rowntree's small health food business,
+  Holgates, raised earnings 10-fold, the statement said.
+      Offsetting factors included currency movements, which cost
+  the company nearly 5.0 mln stg. Sales tax hurt Canadian profits
+  on confectionery operations, and the company faced strong
+  competition in the U.K. Snack and Mid East export markets.
+  
+
diff --git a/reuters/training/4083 b/reuters/training/4083
new file mode 100644
index 0000000000000000000000000000000000000000..7189d440f8a4a019da9b1cb59ee09e60e4108d3c
--- /dev/null
+++ b/reuters/training/4083
@@ -0,0 +1,14 @@
+RISE SEEN IN FRENCH RAPESEED, SOYBEAN SOWINGS
+  France's Oilseed and Bean Cooperatives
+  Federation, FFCOP, said it expected French rapeseed sowings for
+  the 1987 harvest to rise by between 54.6 pct and 67.5 pct to
+  between 600,000 and 650,000 hectares from 388,000 planted last
+  year.
+      Its latest estimates also suggested a 66.7 pct rise in
+  soybean sowings to 80,000 ha from 48,000 last year. Sunflower
+  sowings were expected to increase by between 8.6 pct and 14.6
+  pct from 829,000 ha. Pea sowings are estimated likely to rise
+  27.7 pct to 350,000 ha against 274,000, while field bean
+  sowings are forecast unchanged at 40,000.
+  
+
diff --git a/reuters/training/4084 b/reuters/training/4084
new file mode 100644
index 0000000000000000000000000000000000000000..52d61fe431e93cf4735ce989322bc869fe656e1f
--- /dev/null
+++ b/reuters/training/4084
@@ -0,0 +1,9 @@
+CHINA TRADE DEFICIT FALLS IN JANUARY
+  China's trade deficit in January fell to
+  310 mln dlrs from 460 mln in January 1986, the China Daily
+  Business Weekly said.
+      Quoting customs figures, the paper said exports fell to
+  1.75 billion dlrs from 1.84 billion and imports fell to 2.06
+  billion from 2.3 billion.
+  
+
diff --git a/reuters/training/4085 b/reuters/training/4085
new file mode 100644
index 0000000000000000000000000000000000000000..bc14b5093f32bf9b1fafade52fe53a868ce10402
--- /dev/null
+++ b/reuters/training/4085
@@ -0,0 +1,13 @@
+JACOBS SUCHARD AG <JACZ.Z> 1986 YEAR
+  Net 190.9 mln Swiss francs vs 150.4 mln
+      Turnover 5.24 billion vs 5.38 billion
+      Dividend 160 per bearer vs 155 francs, 32 francs per
+  registered vs 31 francs, 16 francs per participation
+  certificate vs 15.50 francs
+      Cash flow 294.3 mln vs 242.6 mln
+      Note - Confirms forecast of results issued in January.
+      Operating profit 337.6 mln vs 265 mln
+      Depreciation 103.4 mln, up 12.2 pct
+      Capital spending 84.6 mln, down 15.7 pct.
+  
+
diff --git a/reuters/training/4087 b/reuters/training/4087
new file mode 100644
index 0000000000000000000000000000000000000000..48cb866f12e6b17d1b98e07779ecac44a492bf26
--- /dev/null
+++ b/reuters/training/4087
@@ -0,0 +1,5 @@
+ British Telecom third quarter pre-tax profit 506 mln stg vs 452 mln
+
+   British Telecom third quarter pre-tax profit 506 mln stg vs 452 mln
+  
+
diff --git a/reuters/training/4088 b/reuters/training/4088
new file mode 100644
index 0000000000000000000000000000000000000000..3cbb362c49565ff824cd05a2d83d180750620948
--- /dev/null
+++ b/reuters/training/4088
@@ -0,0 +1,14 @@
+BANK OF ENGLAND OFFERS EARLY HELP IN MONEY MARKET
+  The Bank of England said it had invited
+  the discount houses to make an early round of bill offers to
+  help offset a large liquidity shortage in the money market.
+      It estimated the shortage at around 1.55 billion stg, one
+  adverse factor being the unwinding of a sale and repurchase
+  agreement, with the market having to buy back bills worth 542
+  mln stg from the Bank.
+      Bills maturing in official hands and the treasury bill
+  take-up would drain 957 mln stg wile exchequer transactions and
+  a note circulation rise would take out 15 mln and 25 mln
+  respectively. Above target bankers' balances would add 10 mln.
+  
+
diff --git a/reuters/training/4089 b/reuters/training/4089
new file mode 100644
index 0000000000000000000000000000000000000000..a26ed22a508a5dca40a80a9dc2e15817a8e0f086
--- /dev/null
+++ b/reuters/training/4089
@@ -0,0 +1,18 @@
+BRITISH TELECOM 3RD QTR ENDED DEC 31
+  Shr 5.1p vs 4.2p, making 15.3p vs 12.7p for nine months.
+      Pre-tax profit 506 mln stg vs 452 mln, making 1.51 billion
+  stg vs 1.35 billion.
+      Net profit before minorities 320 mln vs 268 mln, making 960
+  mln vs 807 mln.
+      Note - Company's full name is British Telecommunications
+  Plc <BTY.L>.
+      Third quarter turnover 2.40 billion stg vs 2.11 billion,
+  making 7.01 billion vs 6.16 billion for nine months.
+      Operating profit 578 mln vs 520 mln, making 1.72 billion vs
+  1.56 billion.
+      Net interest payable 72 mln vs 68 mln, making 208 mln vs
+  203 mln.
+      Tax 186 mln vs 184 mln, making 552 mln vs 547 mln.
+      Minorities nil vs nil, making two mln vs nil.
+  
+
diff --git a/reuters/training/409 b/reuters/training/409
new file mode 100644
index 0000000000000000000000000000000000000000..2f807da8654af35724f30b68fdb15d79ad30d132
--- /dev/null
+++ b/reuters/training/409
@@ -0,0 +1,13 @@
+SDC SYDNEY COST REVIEW MAY ELIMINATE PRODUCTS
+  <SDC Sydney
+  Development Corp>, earlier reporting an increased nine month
+  operating loss, said a cost control review now underway may
+  result in cost reduction and elimination of unprofitable and
+  non-strategic products and services.
+      The company's operating loss for the nine months ended
+  December 31, 1986 increased to 7.7 mln dlrs from a loss of 1.7
+  mln dlrs in the prior year, it said earlier.
+      Revenues increased by 20 pct to 11.8 mln dlrs from
+  year-earlier 9.8 mln dlrs.
+  
+
diff --git a/reuters/training/4090 b/reuters/training/4090
new file mode 100644
index 0000000000000000000000000000000000000000..cd2c7aa0c943594d1b94352220d8280e86a3d778
--- /dev/null
+++ b/reuters/training/4090
@@ -0,0 +1,9 @@
+U.K. MONEY MARKET GIVEN EARLY ASSISTANCE
+  The Bank of England said it had bought
+  bills worth 1.059 billion stg from the market for resale on
+  March 31 at rates of interest between 10-7/16 pct and 10-17/32
+  pct.
+      Earlier, the Bank said it estimated the liquidity shortage
+  in the market today at around 1.55 billion stg.
+  
+
diff --git a/reuters/training/4091 b/reuters/training/4091
new file mode 100644
index 0000000000000000000000000000000000000000..97099a8c63a0eda82115726390688d1f77d6a97f
--- /dev/null
+++ b/reuters/training/4091
@@ -0,0 +1,9 @@
+DANISH UNEMPLOYMENT RISES TO 7.9 PCT IN JANUARY
+  Denmark's seasonally adjusted
+  unemployment rate rose to 7.9 pct of the workforce in January
+  from 7.8 pct in December, unchanged from January 1986, the
+  National Statistics Office said.
+      The total of unemployed in January was 216,200 against
+  212,200 in December and 216,600 in January 1986.
+  
+
diff --git a/reuters/training/4092 b/reuters/training/4092
new file mode 100644
index 0000000000000000000000000000000000000000..3aea6880c5239abe7ec5f04812db818f182ae618
--- /dev/null
+++ b/reuters/training/4092
@@ -0,0 +1,14 @@
+ROWNTREE MACKINTOSH PLC<RWNT.L> YEAR TO END JANUARY
+  Shr 35.0p vs 34.8p
+      Div final div 9.2p vs 8.2p
+      Pretax profit 84.0 mln stg vs 79.3 mln
+      Net after tax 66.2 mln vs 60.7 mln
+      Turnover 1,290.4 mln vs 1,205.2 mln
+      Trading profit 105.7 mln stg vs 101.3 mln, consisting -
+      U.K  47.9 mln vs 45.3
+      Europe 7.8 mln vs 3.4 mln
+      North America 34.7 mln vs 37.2 mln
+      Australasia 4.0 mln vs 2.3 mln
+      Rest of world 11.3 mln vs 13.1 mln
+  
+
diff --git a/reuters/training/4093 b/reuters/training/4093
new file mode 100644
index 0000000000000000000000000000000000000000..f3533355ff0f7a526b2570971eae255e2205126c
--- /dev/null
+++ b/reuters/training/4093
@@ -0,0 +1,76 @@
+TAIWAN CLAMPS NEW CONTROLS ON CURRENCY INFLOWS
+  Taiwan's new controls on currency
+  inflows, implemented today, are a desperate bid to stem a flood
+  of speculative money prompted by the local currency surge
+  against the U.S. Dollar, local and foreign bankers said.
+      The central bank now has to clear remittances exceeding one
+  mln U.S. Dlrs earned from exports, shipping and insurance and
+  bank lending plus remittances of more than 10,000 dlrs from any
+  other source.
+      Petitioners have to show their remittances relate to
+  genuine commercial transactions.
+      Meanwhile, traders are no longer required to report all
+  outward payments concerning invisible trade, including freight,
+  insurance and royalties, to the central bank.
+      But bankers said they believed the new controls would be
+  ineffective since businessmen could split up remittances into
+  smaller units or simply remit money through Taiwan's
+  flourishing currency black market.
+      The bankers said the controls, announced on March 6, are a
+  panic reaction to U.S. Pressure, which has intensified over the
+  past week, for a faster appreciation of the Taiwan dollar to
+  slow the growth of Taiwan's exports to the U.S.
+      The government has denied local press reports Washington is
+  pressing for an exchange rate of up to 28 dlrs.
+      The Taiwan dollar opened four cents up today at 34.70.
+      "I don't think the central bank has a final target," said an
+  executive with a U.S. Bank. Other bankers and economists said
+  they are wary of making any firm predictions about how far the
+  Taiwan dollar will rise.
+      Taiwan's trade surplus with the U.S. Hit 13.6 billion U.S.
+  Dlrs last year against 10.2 billion in 1985. The surplus
+  widened in the first two months of the year to 2.35 billion
+  dlrs from 1.87 billion in the same period last year.
+      Economists estimate up to five billion dlrs in speculative
+  money flowed into Taiwan in 1986.
+      This inflow helped boost foreign exchange reserves to more
+  than 51 billion dlrs from just under 25 billion this time last
+  year and provided further upward pressure on the currency.
+      The Taiwan dollar has appreciated by almost 15 pct against
+  the U.S. Currency since September 1985, further encouraging
+  speculators.
+      Central bank governor Chang Chi-cheng said last week
+  Washington's pressure plus rising foreign exchange reserves
+  meant a further strengthening in the currency is inevitable.
+      Many local bankers argue the only effective solution to the
+  currency problem is to drop foreign exchange controls and allow
+  the local dollar to find its own level.
+      "Lifting exchange controls is the final answer, but the
+  central bank is not prepared to do it. It simply does not want
+  to take the risk," said one local banker.
+      He said he believed the new restrictions are a temporary
+  measure designed to buy time as the central bank grapples with
+  the exchange rate problem.
+      The restrictions are a bureaucratic imposition and skirt
+  around the real issue, he said.
+      Taiwan needs a fundamental restructuring of foreign
+  exchange controls, said an executive with a western bank.
+      "The controls will create more paperwork, but the extra bank
+  charges will not outweigh the profits of speculation," said the
+  manager of a European bank.
+      Economists criticised the controls, saying they could
+  antagonise Washington, which is pushing for further economic
+  liberalisation in Taiwan.
+      "Instead of liberalising outflows, the government has
+  restricted inflows," said Kate Newman, an economist with Vickers
+  da Costa.
+      A local banker, who declined to be named, said, "It's
+  basically ridiculous. It's a backward movement and goes against
+  the government's liberalisation programme."
+      Taiwan last year eased some of its financial regulations to
+  enable Taiwan nationals to invest in foreign government bonds,
+  treasury bills and certificates of deposit and to allow
+  individuals to take 5,000 U.S. Dlrs in cash out of the country
+  each year.
+  
+
diff --git a/reuters/training/4094 b/reuters/training/4094
new file mode 100644
index 0000000000000000000000000000000000000000..087a06d179cf88d653c7b02cfd1446a0787e0113
--- /dev/null
+++ b/reuters/training/4094
@@ -0,0 +1,11 @@
+GLYNWED INTERNATIONAL PLC <GLYN.L> 1986 YEAR
+  Shr, net basis 27.47p vs 22.15p
+      Div 6.5p vs 5.4p making 10.1p vs 8.4p
+      Pretax profit 46.1 mln stg vs 35.6 mln
+      Net after tax 30 mln vs 23.3 mln
+      Extraordinary items debit 3.8 mln vs debit 2.3 mln
+      Interest payable 2.7 mln vs 4.0 mln
+      Net borrowings 7.6 mln vs 16.1 mln
+      Turnover 478.9 mln vs 464.1 mln
+  
+
diff --git a/reuters/training/4096 b/reuters/training/4096
new file mode 100644
index 0000000000000000000000000000000000000000..7c0409ca601dd6bb092248a5a1e843a6cd573437
--- /dev/null
+++ b/reuters/training/4096
@@ -0,0 +1,26 @@
+DUTCH SUGAR TRADE DENY INVOLVEMENT IN OFFER
+  Dutch sugar traders deny involvement
+  in a plan to offer more than 850,000 tonnes of sugar to
+  intervention in protest at EC export policy and prices, traders
+  told Reuters.
+      Although some 2,500 tonnes of sugar have been offered to
+  intervention in the Netherlands, Dutch producers and traders
+  said this sugar was actually Belgian and was being offered by
+  the Belgian industry.
+      "We sympathise with the actions of the French, West German
+  and Belgian traders and producers, but we are not party to it,"
+  a spokesman said.
+      EC Commission sources said yesterday French traders planned
+  to sell 775,000 tonnes into intervention stocks, West German
+  traders 75,000 tonnes and Dutch traders 2,500. Dutch trade
+  sources gave the same figure for France, but estimated up to
+  110,000 tonnes offered by German traders and producers.
+      The Dutch spokesman added, "The weekly export tender policy
+  and prices are squeezing the European sugar industry, and this
+  is the only way in which they can really register their
+  protest.
+      "These are desperate actions, but we believe that most of
+  this offered sugar will be withdrawn within the three-week
+  breathing space allowed."
+  
+
diff --git a/reuters/training/4097 b/reuters/training/4097
new file mode 100644
index 0000000000000000000000000000000000000000..58b37f133eb68f46ae6e06c2701b518a5332fffe
--- /dev/null
+++ b/reuters/training/4097
@@ -0,0 +1,13 @@
+GLYNWED SEES FURTHER PROGRESS IN 1987
+  Glynwed International Plc <GLYN.L> in a
+  statement accompanying their results that present indications
+  are that 1987 has started well and it is confident that the
+  year will be one of further progress.
+      The company added that results in the U.S. Were poor and
+  the deterioration in the South African economy left its Falkirk
+  Industries unit with a loss of one mln stg. But it said there
+  was a continuing improvement in its core businesses.
+      The extraordinary items debit of 3.8 mln stg arose on the
+  closure and disposal of various businesses.
+  
+
diff --git a/reuters/training/4098 b/reuters/training/4098
new file mode 100644
index 0000000000000000000000000000000000000000..50a357198f4dee935f08212f4edcb329dfff4946
--- /dev/null
+++ b/reuters/training/4098
@@ -0,0 +1,23 @@
+BRITISH TELECOM SEES SATISFACTORY 1986/87 RESULTS
+  British Telecommunications Plc <BTY.L>
+  expects to announce satisfactory results for its 1986/87
+  financial year ending March, chairman Sir George Jefferson said
+  in a third quarter statement.
+      Full year results will be published in June. In the 1985/86
+  financial year, pre-tax profit rose to 1.81 billion stg from
+  1.48 billion in the previous period.
+      Jefferson said good progress was made in the latest nine
+  months, while most customers were able to maintain their normal
+  level of calls during the recent strike by company engineers.
+      The statement said a positive cash flow of 381 mln stg for
+  the first nine months will diminish in the final quarter due to
+  corporation tax and dividend payments.
+      Earlier, the company reported third quarter pre-tax profit
+  for the period ended December 31 of 506 mln stg compared with
+  452 mln a year earlier. Nine month pre-tax was 1.51 billion stg
+  against 1.35 billion.
+      British Telecom shares were last quoted at 246-1/2p, level
+  with late yesterday, in the wake of results which were in line
+  with market expectations, dealers said.
+  
+
diff --git a/reuters/training/4099 b/reuters/training/4099
new file mode 100644
index 0000000000000000000000000000000000000000..7f632303901a4e4de748b8b01ee0495e2cceeabe
--- /dev/null
+++ b/reuters/training/4099
@@ -0,0 +1,15 @@
+INDIA BUYS WHITE SUGAR FROM LONDON TRADERS
+  India yesterday bought two cargoes of
+  white sugar from London traders for April/May shipment and
+  granted the trade houses the option to sell an additional two
+  cargoes at the same price for May/June shipment, the firms
+  involved said.
+      E D and F Man and Woodhouse, Drake and Carey both said they
+  sold single cargoes at 237.35 dlrs a tonne cif for April/May
+  and were granted options to sell an extra cargo each at the
+  same price for May/June at the Indian buying tender for three
+  to four cargoes of whites held yesterday. The tender had called
+  for a single cargo of prompt and two to three cargoes of
+  April/May.
+  
+
diff --git a/reuters/training/41 b/reuters/training/41
new file mode 100644
index 0000000000000000000000000000000000000000..df8f111c53ff6d3ff149d6b7a11f0e3e11ce5272
--- /dev/null
+++ b/reuters/training/41
@@ -0,0 +1,14 @@
+HANDY AND HARMAN <HNH> 4TH QTR LOSS
+  Shr loss 51 cts vs loss three cts
+      Net loss 7,041,000 vs loss 467,000
+      Rev 138.9 mln vs 131.4 mln
+      12 months
+      Shr loss 64 cts vs profit 46 cts
+      Net loss 8,843,000 vs profit 6,306,0000
+      Rev 558.9 mln vs 556.7 mln
+      NOTE: Net loss for 4th qtr 1986 includes charge for
+  restructuring of 2.6 mln dlrs after tax, or 19 cts a share.
+      1986 net loss includes after tax special charge of 2.7 mln
+  dlrs, or 20 cts a share.
+  
+
diff --git a/reuters/training/410 b/reuters/training/410
new file mode 100644
index 0000000000000000000000000000000000000000..30a7235072bad9f897b828b97a44e4431881f962
--- /dev/null
+++ b/reuters/training/410
@@ -0,0 +1,7 @@
+<MULTI-STEP PRODUCTS INC> SIX MTHS DEC 31 LOSS
+  Shr loss 11 cts
+      Loss 739,146
+      Revs 11,754,251
+      Note: initial public listing December, 1986
+  
+
diff --git a/reuters/training/4100 b/reuters/training/4100
new file mode 100644
index 0000000000000000000000000000000000000000..6758ff671d772ed0dd6c4fa8c80f6896dbe515e7
--- /dev/null
+++ b/reuters/training/4100
@@ -0,0 +1,12 @@
+<NEXT PLC> <NEXL.L> FIVE MONTHS TO END JANUARY
+  Shr 7.67p vs 5.34p
+      Div 1.5p vs 1.08p
+      Pretax profit 30.12 mln stg vs 12.40 mln
+      Net interest payable 2.55 mln vs 200 stg
+      Net after tax 19.58 vs 7.44 mln
+      Turnover excluding VAT 257.66 mln vs 74.09 mln
+      Note - The company said it intends to issue a second
+  interim statement for the six months to July 1987 and to pay a
+  related dividend in early 1988.
+  
+
diff --git a/reuters/training/4101 b/reuters/training/4101
new file mode 100644
index 0000000000000000000000000000000000000000..8eab204272f9ea0454b875313b1eb2791def3a1f
--- /dev/null
+++ b/reuters/training/4101
@@ -0,0 +1,52 @@
+AUSTRALIA EXPECTS RISE IN MEAT EXPORTS TO MIDEAST
+  Australia expects meat and livestock
+  exports to the Middle East to maintain an upward trend this
+  year, managing director of the Australian Meat and Livestock
+  Corp, Peter Frawley, said.
+      He told Reuters an improvement in the economic climate and
+  less competition from the European Community should lead in the
+  Gulf area to higher beef sales, which dropped from 33,000
+  tonnes in 1980 to just 2,300 tonnes last year.
+      "In the last three to four months there has been a
+  resurgence of inquiries," he said.
+      Frawley is on a Gulf tour which will also take him to Saudi
+  Arabia, the United Arab Emirates and Kuwait to assess market
+  potential.
+      On beef exports, he said a 50 pct drop in European
+  Community intervention stock in the past 12 months would help
+  Australian sales.
+      The fall meant the EC was not as aggressive in these
+  markets, where the Australian trade was the natural source of
+  supply, and Australia was "now back in," Frawley said.
+      He said there was a debate in Australia as to whether the
+  Middle East market for livestock, which accounts for two-thirds
+  of meat export value to the area, would be maintained.
+      He believed the trade would remain with a continuing demand
+  for fresh meat.
+      The number of live sheep shipped last year to Saudi Arabia,
+  the biggest single market, was 3,214,159 compared with
+  2,939,226 in 1985. The numbers shipped to the United Arab
+  Emirates and Bahrain fell, however.
+      Frawley said the slackening in demand in the Gulf had been
+  offset by other Arab countries around the Mediterranean.
+      Other than livestock, Australia's overall meat sales to the
+  Middle East rose to 72,374 tonnes in 1986 from 52,403 tonnes
+  the previous year, largely due to the sale of 25,790 tonnes of
+  mutton and lamb to Iran.
+      Australia sold 9,824 tonnes to Iran in 1985 after being
+  virtually excluded by New Zealand competition for several
+  years. Frawley said the 1986 sale contract had included a
+  barter provision, but Iran had paid in full in cash.
+      Negotiations with the Iranians for 1987 shipments were
+  currently under way, with Iran again seeking credit and barter
+  provisions, he said.
+      Frawley said there had been a tremendous growth in demand
+  for chilled lamb in the last four to five years and he
+  predicted this would continue.
+      "The Middle East, and the Gulf in particular, is now
+  Australia's largest market for lamb, chilled and flown in.
+  Australia is in an ideal position to provide the supplies if
+  the market is willing to pay a premium for a fresh, young
+  product," he said.
+  
+
diff --git a/reuters/training/4103 b/reuters/training/4103
new file mode 100644
index 0000000000000000000000000000000000000000..4a1b50524ba83850b99a2c2810b699d15194fbb1
--- /dev/null
+++ b/reuters/training/4103
@@ -0,0 +1,15 @@
+INDIA 1986/87 COTTON EXPORT QUOTA UP 190,000 BALES
+  India's raw cotton export quota has
+  been raised by 190,000 170-kg bales to 600,000 bales in 1986/87
+  ending August, still well below the 1985/86 quota of 1.35 mln
+  bales, Minister of State for Textiles R.N. Mirdha said.
+      State and private agencies contracted to export 1.34 mln
+  bales in 1985/86, he told journalists. But only 433,000 bales
+  were shipped that year, with the rest to be delivered in
+  1986/87. About 758,000 bales from 1985/86 contracts were
+  shipped up to February 2 in 1986/87.
+       The government will export 600,000 bales of long and
+  extra- long staple cotton in the three years from 1986/87, he
+  said.
+  
+
diff --git a/reuters/training/4105 b/reuters/training/4105
new file mode 100644
index 0000000000000000000000000000000000000000..4098d349204fc576ccc3bac69dcd00748d2982dc
--- /dev/null
+++ b/reuters/training/4105
@@ -0,0 +1,6 @@
+STE LYONNAISE DES EAUX <LYOE.PA> YEAR ENDED DEC 31
+  Consolidated attributable net 1986 profit 360 mln francs vs
+  279.8 mln.
+      Parent company net profit 191 mln vs 150.9 mln.
+  
+
diff --git a/reuters/training/4106 b/reuters/training/4106
new file mode 100644
index 0000000000000000000000000000000000000000..17bb3da1e29b70b15bd1c78016a10e42564680af
--- /dev/null
+++ b/reuters/training/4106
@@ -0,0 +1,44 @@
+LYONNAISE DES EAUX FORECASTS 1987 PROFIT RISE
+  Consolidated attributable net profit of
+  Ste Lyonnaise des Eaux <LYOE.PA> is likely to rise by at least
+  10 pct this year from the 360 mln francs reported for 1986,
+  Chairman Jerome Monod told a news conference.
+      Group turnover should rise about seven pct from the 15.7
+  mln reported for this year, while group investments should
+  total around 1.8 billion francs, somewhat above the 1.3 billion
+  annual average of the past three years, he added.
+      Investments will be aimed mainly at developing the group's
+  leisure industry, health and communications activities, Monod
+  said.
+      In the leisure sector the group planned a joint development
+  with Club Mediterranee <CMI.PA>, Club Med, of a 200 hectare
+  pleasure park at Puisaye in the Yonne department of Eastern
+  Central France, he said.
+      Wholly-owned subsidiary Lyonnaise de Developpement
+  Touristique would carry out the construction work and financial
+  planning of the development which would be leased to Club Med
+  as operator of the complex, he said.
+      He gave no financial details but said leisure sector
+  investments would total about 100 mln francs over the next
+  three years.
+      Investments in the communications industry would go mainly
+  to develop the group's cable television activities and its 25
+  pct owned Metropole Television affiliate. Metropole recently
+  won the concession to operate a sixth television channel in
+  France.
+      Financing requirement of Metropole would be about 700 mln
+  francs over the next four years, of which Lyonaise des Eaux
+  would provide about 175 mln, Monod said.
+      Monod said Metropole aimed to win a 15 to 20 pct audience
+  share and to capture about 10 pct of the national television
+  advertising market.
+      Total investment by the group in the communications sector,
+  including cable activities, would be between 300 mln and 400
+  mln francs over the next five years, mainly concentrated in the
+  coming year.
+      Investment in cable operations would total between 150 mln
+  and 200 mln over the five years, with the aim of widening the
+  audience to 280,000 subscribers from 12,000, and boosting
+  turnover to around 450 mln francs a year from 10 mln.
+  
+
diff --git a/reuters/training/4107 b/reuters/training/4107
new file mode 100644
index 0000000000000000000000000000000000000000..c0c596ee0c6f7f1c30a278545f923274b4331769
--- /dev/null
+++ b/reuters/training/4107
@@ -0,0 +1,19 @@
+GUS MAKES 8.2 MLN STG AGREED OFFER FOR PANTHERELLA
+  Great Universal Stores Plc <GUS.L> said
+  it has made an agreed offer for <Pantherella Plc>, valuing the
+  company at 8.2 mln stg and each Pantherella ordinary share at
+  205 pence.
+      The offer is based on eight new "A" non voting ordinary
+  shares in GUS plus 95.16 stg for every 100 ordinary
+  Pantherella.
+      The new GUS shares will not receive the eight pence per
+  share interim dividend in respect of the year ending March
+  1987, the statement said.
+      GUS has received irrevocable undertakings to accept the
+  offer in respect of 39.1 pct of Pantherella shares from the
+  company's directors and their families.
+      The Pantherella board estimates the company, which
+  manufactures socks, will show a 1986 pretax profit of about
+  690,000 stg.
+  
+
diff --git a/reuters/training/411 b/reuters/training/411
new file mode 100644
index 0000000000000000000000000000000000000000..ce2fb225a827d96fb53f486a8df2b3017bc73803
--- /dev/null
+++ b/reuters/training/411
@@ -0,0 +1,19 @@
+U.K. MONEY MARKET OFFERED BORROWING FACILTIES
+  The Bank of England said it had offered
+  borrowing facilities to those discount houses wishing to use
+  them at 1430 GMT.
+      The Bank also said it provided the money market 456 mln stg
+  assistance in the afternoon session bringing its total help so
+  far today to 493 mln stg. This compares with its forecast of a
+  shortage in the system today of around 700 mln stg.
+      The central bank purchased bank bills outright comprising
+  41 mln stg in band one at 10-7/8 pct 361 mln stg in band two at
+  10-13/16 pct and 54 mln stg in band three at 10-3/4 pct.
+      Money market dealers said the Bank of England has recently
+  used the offer of borrowing facilities to signal that it does
+  not want to see an early reduction in U.K. Base lending rates.
+      The Bank does this by lending to the discount houses at
+  rates of interest higher than its prevailing money market
+  dealing rates.
+  
+
diff --git a/reuters/training/4111 b/reuters/training/4111
new file mode 100644
index 0000000000000000000000000000000000000000..7765e46c0fa4e3348bc7001ef9ccf7592339fead
--- /dev/null
+++ b/reuters/training/4111
@@ -0,0 +1,13 @@
+<BOND CORP INTERNATIONAL LTD> NINE MOS TO DEC 31
+  Shr loss 17.4 H.K. Cents (no comparison)
+      Dividend nil (no comparison)
+      Net loss 11.49 mln dlrs.
+      Notes - Net excluded extraordinary losses 27.91 mln dlrs.
+  Property valuation reserve surplus 67 mln dlrs.
+      Results reflected trading in subsidiary <Humphreys Estate
+  Group> but excluded influence of a bulk of properties which the
+  firm bought late last year from Hongkong Land Co Ltd <HKLD.HK>
+  for 1.4 billion dlrs.
+      Company controlled by Bond Corp Holdings Ltd of Australia.
+  
+
diff --git a/reuters/training/4113 b/reuters/training/4113
new file mode 100644
index 0000000000000000000000000000000000000000..53eb50696cae1bdbc01bf042649225a12233d67f
--- /dev/null
+++ b/reuters/training/4113
@@ -0,0 +1,27 @@
+GERMAN PUBLIC AUTHORITY BUNDESBANK HOLDINGS FALL
+  The net position of federal states
+  worsened in the first March week, cutting public authority net
+  holdings at the Bundesbank by 500 mln marks, the central bank
+  said.
+      States' cash deposits at the central bank fell to 800 mln
+  and they also drew down 1.2 billion marks in book credit, 900
+  mln marks more than in the prior week.
+      By contrast, however, the federal government was able to
+  reduce its credit drawdown at the central bank by 900 mln marks
+  to 900 mln.
+      Despite the stronger states' net needs in the week, their
+  cash position and other market dependent influences just about
+  balanced the outflow of liquidity from the money market through
+  an increase in cash in circulation, the Bundesbank said.
+      Cash in circulation rose by 1.4 billion marks in the week
+  to 122.9 billion.
+      Liquidity also came in through the maturing of short-term
+  treasury bills bought from the Bundesbank in the prior week.
+      Gross currency reserves rose in the week by 400 mln marks
+  to 109.9 billion. Foreign liabilities of the Bundesbank were
+  largely unchanged at 22.8 billion marks, giving a rise in net
+  currency reserves of 400 mln to 87.0 billion, it said.
+      The Bundesbank said its balance sheet total fell by 3.77
+  billion in the week to 218.45 billion.
+  
+
diff --git a/reuters/training/4114 b/reuters/training/4114
new file mode 100644
index 0000000000000000000000000000000000000000..edd263699cfa8221c65f30715d29716265e15bd3
--- /dev/null
+++ b/reuters/training/4114
@@ -0,0 +1,5 @@
+CANADA JANUARY TRADE SURPLUS 533 MLN DLRS AFTER DECEMBER 965 MLN DLRS SURPLUS
+
+  CANADA JANUARY TRADE SURPLUS 533 MLN DLRS AFTER DECEMBER 965 MLN DLRS SURPLUS
+  
+
diff --git a/reuters/training/4115 b/reuters/training/4115
new file mode 100644
index 0000000000000000000000000000000000000000..3462aaccfe5f7d133a21ff54b86effb48b4b6b78
--- /dev/null
+++ b/reuters/training/4115
@@ -0,0 +1,13 @@
+CANADA JANUARY TRADE SURPLUS 533 MLN DLRS
+  Canada had a trade surplus of 533 mln dlrs
+  in January compared with an upward revised 965 mln dlrs surplus
+  in December, Statistics Canada said.
+      The December surplus originally was reported at 964 mln
+  dlrs. The January surplus last year was 1.19 billion dlrs.
+      January exports, seasonally adjusted, were 9.72 billion
+  dlrs against 10.39 billion in December and 10.89 billion in
+  January, 1986.
+      January imports were 9.19 billion dlrs against 9.43 billion
+  in December and 9.71 billion in January 1986.
+  
+
diff --git a/reuters/training/4117 b/reuters/training/4117
new file mode 100644
index 0000000000000000000000000000000000000000..8301ba504141a84677b8810fd4218d47e0740a3f
--- /dev/null
+++ b/reuters/training/4117
@@ -0,0 +1,14 @@
+HUNGARIAN 1987 SUGAR BEET AREA LITTLE CHANGED
+  Hungary is to grow sugar beet on
+  105,000 hectares of land this year compared with some 95,000 in
+  1986, the official MTI news agency said.
+      Diplomats said this reflected Hungary's policy of keeping
+  the sugar beet area stable under the current five-year plan
+  (1985-89) and producing enough to cover only domestic demand
+  despite the recent rise of world prices to 10 month highs.
+      Drought cut the 1986 harvest to 3.58 mln tonnes from 4.07
+  mln in 1985. But a record yield of 130 kilos per tonne of beet
+  kept production at 454,000 tonnes, with 30,000 extra refined in
+  Yugoslavia from Hungarian beet. Output was 483,000 in 1985.
+  
+
diff --git a/reuters/training/4120 b/reuters/training/4120
new file mode 100644
index 0000000000000000000000000000000000000000..e08f95162618a3ada3be85778254bbcd06a657bb
--- /dev/null
+++ b/reuters/training/4120
@@ -0,0 +1,14 @@
+KIDSTON SAYS HIGHER NET REFLECTS GOLD SALE RISE
+  <Kidston Gold Mines Ltd> attributed
+  the rise in 1986 net profit to higher prices and an increase in
+  gold sales to 237,969 ounces from 206,467 ounces in 1985.
+      The <Placer Development Ltd> offshoot, which operates
+  Australia's largest gold mine, in North Queensland, earlier
+  reported net profit rose to 60.50 mln dlrs from 50.76 mln in
+  the 1985 period of 10 months from the start of production.
+      Sales of silver also rose to 165,968 ounces from 109,516.
+      Kidston said in a statement it will spend about 5.5 mln
+  dlrs to upgrade its mill grinding circuit to a mill-ball,
+  mill-crushing circuit to boost output by 25 pct from end-1987.
+  
+
diff --git a/reuters/training/4122 b/reuters/training/4122
new file mode 100644
index 0000000000000000000000000000000000000000..e8619f4e673c47e7adf53c01665c46cd22e997bf
--- /dev/null
+++ b/reuters/training/4122
@@ -0,0 +1,24 @@
+BULLETIN SAYS TIN PRICE MAY RISE TO 20 RINGGIT
+  The tin price is likely to rise to
+  20 ringgit a kilo this year because of the producers' accord on
+  export quotas and the reluctance of brokers and banks to sell
+  the metal at lower prices, a Malaysian government bulletin
+  said.
+      The Malaysian Tin bulletin said it is in producers'
+  interest to keep to their quotas to limit total exports to
+  90,000 tonnes and to gradually deplete the 80,000 tonnes
+  overhang.
+      It said consumption by industrialised countries should stay
+  at 160,000 tonnes and that International Tin Council creditors
+  and brokers are not likely to dump their stocks excessively
+  unless there is a large and abrupt price jump.
+      The continued depreciation of the dollar could also help
+  push up the price of tin, the bulletin said.
+      A depreciation of the dollar means the depreciation of the
+  ringgit which is closely pegged to it, making the price of tin
+  cheaper in sterling terms, it added.
+      "Even in the absence of economic rationale in the tin
+  market, psychological optimism alone is sufficient to secure a
+  price recovery of up to 20 ringgit per kilo," the bulletin said.
+  
+
diff --git a/reuters/training/4123 b/reuters/training/4123
new file mode 100644
index 0000000000000000000000000000000000000000..4270abada05963681ad121fb646e5814749fa1e9
--- /dev/null
+++ b/reuters/training/4123
@@ -0,0 +1,13 @@
+<KIDSTON GOLD MINES LTD> 1986 YEAR
+  Shr 48.4 cents vs 40.6
+      Yr div 37 cents vs 15
+      Net 60.50 mln dlrs vs 50.76 mln
+      Turnover 134.54 mln vs 100.63 mln
+      Other income 1.02 mln vs 920,000
+      Shrs 125 mln vs same.
+      NOTE - Company paid total 37 cents in previously declared
+  quarterly divs vs 15. Net is after tax 173,000 dlrs vs 285,000,
+  interest 9.67 mln vs 8.05 mln and depreciation 11.76 mln vs
+  9.59 mln.
+  
+
diff --git a/reuters/training/4125 b/reuters/training/4125
new file mode 100644
index 0000000000000000000000000000000000000000..b97358078c5440e206bcb72ff0bd0d1640dd4f19
--- /dev/null
+++ b/reuters/training/4125
@@ -0,0 +1,24 @@
+CHINA CLOSES SECOND ROUND OF OFFSHORE OIL BIDS
+  China has closed the second round of
+  bidding by foreign firms for offshore oil exploration rights,
+  the China Daily has reported.
+      It quoted a spokesman for the China National Offshore Oil
+  Corp (CNOOC) as saying China signed eight contracts with 15
+  foreign firms for blocks in the Pearl River mouth and south
+  Yellow Sea covering a total area of 44,913 sq km.
+      Second round bidding began at the end of 1984 and only one
+  well has so far produced results -- Lufeng 13-1-1, 250 km
+  south-east of Shenzhen, with an output of 6,770 barrels a day.
+  The well was drilled by a group of Japanese companies.
+      The spokesman added CNOOC was ready to enter into contracts
+  for offshore blocks before third round bidding began. He did
+  not say when this would be, but added the contracts would not
+  be bound by restrictions imposed during the second round.
+      China has signed 36 oil contracts and agreements with 37
+  companies from 10 countries since 1979, when offshore
+  exploration was open to foreigners. Eleven contracts were
+  terminated after no oil was discovered.
+      Foreign firms have invested 2.1 billion dlrs on offshore
+  China since 1979.
+  
+
diff --git a/reuters/training/4127 b/reuters/training/4127
new file mode 100644
index 0000000000000000000000000000000000000000..b4a1cba9567096cd40dcfc9d237c740d17efb421
--- /dev/null
+++ b/reuters/training/4127
@@ -0,0 +1,43 @@
+LEIGH-PEMBERTON OPPOSES TAKEOVER PROTECTION RULES
+  The Bank of England does not favour the
+  introduction of rules to shield companies from hostile takeover
+  attempts, its governor, Robin Leigh-Pemberton, said.
+      Instead, merchant banks advising bidding companies must
+  show restraint and responsibility to avoid the excesses that
+  have marred recent takeovers, he told the Yorkshire and
+  Humberside Regional Confederation of British Industries' annual
+  dinner.
+      Leigh-Pemberton also called on companies to improve ties
+  with institutional investors, suggesting representatives of
+  those institutions be granted seats on the boards of directors
+  of companies they invest in.
+      "Boards cannot expect protection from unwelcome predators,
+  for that is but a short step from saying that they should be
+  protected from their own shareholders -- who are, after all,
+  the proprietors of the company," Leigh-Pemberton said.
+      He added takeovers and mergers had an important role to
+  play in furthering economies of scale, integration and more
+  efficient market penetration. "The degree of success or failure
+  (of a takeover) has not in my experience depended on whether or
+  not the takeover was contested," he said.
+      Leigh-Pemberton noted there had been excesses in takeover
+  activity in the recent past. "The aim is to pressurise a
+  company's management into action dedicated solely to a
+  favourable impact on the share price in the short-term, partly
+  or even primarily at the expense of the future," he said.
+      Such bids "often depend for their success on creating a
+  highly-charged and artificial situation in the share market,
+  and give rise to temptations, on both sides of the battle, to
+  engage in aggressive, even manipulative tactics that are
+  immensely damaging to the interest of the shareholders," he
+  said.
+      In a clear reference recent events, he said "those in the
+  City who act for companies or individuals .. Must, I suggest,
+  be ready to accept a full measure of responsibility -- even if
+  it entails opprobrium -- for the transactions that may result."
+      They "should exercise the most careful judgment at the
+  outset with respect to the clients for whom they act and the
+  activities contenplated. Those who sow wind cannot expect the
+  whirlwind to visit elsewhere," he added.
+  
+
diff --git a/reuters/training/4129 b/reuters/training/4129
new file mode 100644
index 0000000000000000000000000000000000000000..fb1e98d8a1808aef61d0d735ce46333d3bd1c31c
--- /dev/null
+++ b/reuters/training/4129
@@ -0,0 +1,24 @@
+ECUADOR TO ASK OPEC TO RAISE EXPORT QUOTA
+  Ecuador will ask OPEC to raise its oil
+  export quota by 100,000 barrels per day to 310,000 to
+  compensate for lost output due to last week's earthquake,
+  deputy Energy Minister Fernando Santos Alvite said.
+      Santos Alvite, who arrived in Caracas last night to discuss
+  an aid plan for Ecuador, did not say when the Organisation of
+  Petroleum Exporting Countries (OPEC) would be approached.
+      The additional output would be related to plans now under
+  discussion for Venezuela and Mexico to lend Ecuador crude while
+  it repairs a pipeline damaged by the quake.
+      Earlier, Venezuelan Energy and Mines Minister Aturo
+  Hernandez Grisanti said his country would supply an unspecified
+  part of Ecuador's export commitments.
+      But Santos Alvite told reporters he hoped a first cargo of
+  300,000 barrels could leave Maracaibo this weekend to supply
+  refineries near Guayaquil. He added Ecuador also wanted to make
+  up for 50,000 bpd it shipped to Caribbean destinations. Mexico
+  might supply Ecuador's South Korean market.
+      Ecuador may be unable to export oil for up to five months
+  due to extensive damage to a 25 mile stretch of pipeline
+  linking jungle oilfields to the Pacific port of Balao.
+  
+
diff --git a/reuters/training/4131 b/reuters/training/4131
new file mode 100644
index 0000000000000000000000000000000000000000..fdd85addb940d204bc7a702b504511d5128087a0
--- /dev/null
+++ b/reuters/training/4131
@@ -0,0 +1,13 @@
+U.K. MONEY MARKET GIVEN FURTHER 442 MLN STG HELP
+  The Bank of England said it provided the
+  market with a further 442 mln stg assistance during the morning
+  to offset a liquidity shortage it estimated at 1.60 billion
+  stg, revised up from 1.55 billion
+      The bank bought outright eight mln stg of band one treasury
+  bills and five mln stg of band one bank bills at 10-3/8 pct.
+      It bought a further 429 mln stg of bills for resale to the
+  discount houses on April 2 at an interest rate of 10-7/16 pct.
+      So far today, the bank has given the market assistance
+  worth a total of 1.501 billion stg.
+  
+
diff --git a/reuters/training/4132 b/reuters/training/4132
new file mode 100644
index 0000000000000000000000000000000000000000..44757bb0dd393834478ac1904fdba78a708ac3e9
--- /dev/null
+++ b/reuters/training/4132
@@ -0,0 +1,35 @@
+JACOBS SUCHARD EXPECTS ANOTHER EXCELLENT YEAR
+  Jacobs Suchard AG <JACZ.Z> hopes for
+  another excellent year in 1987 after a 27 pct increase in 1986
+  net profit. Results in the first few months show it heading in
+  the right direction, company president Klaus Jacobs said.
+      The group reported 1986 net profit of 190.9 mln Swiss
+  francs compared with 150.4 mln in 1985 and raised its dividend
+  per bearer share to 160 francs from 155 francs.
+      Jacobs said the increase in profit, which far exceeded the
+  company's target of five pct real annual growth, had been made
+  possible by restructuring measures introduced in January 1986
+  which had also made some major acquisitions possible last year.
+      Hermann Pohl, general director in charge of economic
+  affairs, said the 2.7 pct decline in group turnover to 5.24
+  billion francs was due to currency factors.
+      A 5.2 pct negative currency influence was partially offset
+  by growth in operations and by structural changes within the
+  group.
+      Turnover in the coffee business fell to 3.10 billion francs
+  from 3.56 billion in 1985 while turnover in the chocolate
+  sector rose to 2.14 billion francs from 1.82 billion. The
+  tonnage sold in both sectors declined due to higher prices and
+  lower consumer demand, especially in France and West Germany.
+      Jacobs Suchard increased its market share in West Germany
+  to 44.9 pct from 39.9 pct in 1985, largely as a result of
+  acquisitions. Market share in France was little changed at 25
+  pct against 25.3 pct.
+      Pohl said the group's average tax rate rose to 32.5 pct
+  from 28.8 pct because of the higher profits and despite
+  write-offs on the losses of new acquisitions. A further
+  increase in tax levels was expected in future.
+      Taxes jumped 51.3 pct to 92 mln francs in 1986 from 61 mln
+  the previous year.
+  
+
diff --git a/reuters/training/4133 b/reuters/training/4133
new file mode 100644
index 0000000000000000000000000000000000000000..9a83eae6b3f79730c83e82acdc553b473b37cba0
--- /dev/null
+++ b/reuters/training/4133
@@ -0,0 +1,23 @@
+JAPAN FIRM PLANS TO SELL U.S. FARMLAND TO JAPANESE
+  A Japanese real estate company
+  said it will launch a campaign to sell land in U.S. Farming
+  areas to rich Japanese.
+      Higashi Nippon House said it would offer around 2,200 acres
+  of land in Illinois, California, Florida and Indiana from early
+  April to gauge response. It set up International Farm Corp of
+  America in Chicago last September to oversee the operation.
+      American farmers would continue as working tenants and part
+  of the profits from harvests of rice, corn, soybean and oranges
+  would go to the Japanese investors as rental.
+      Japanese Agriculture Ministry officials told Reuters sales
+  were limited to farmers to keep land in agricultural use.
+      "Two years ago, I began to seek my own farmland in Japan,"
+  said Isao Nakamura, president of Higashi Nippon. "However, sale
+  of Japanese farmland is strictly controlled by the government,
+  so I began to look for the land in the U.S to make my dream to
+  own farm land come true."
+      Nakamura said hundreds of companies exist in the U.S. To
+  sell farmland to investors as more and more farmers face
+  difficulties due to the recession in U.S. Agriculture.
+  
+
diff --git a/reuters/training/4135 b/reuters/training/4135
new file mode 100644
index 0000000000000000000000000000000000000000..3c661fb1372f61caa4eca6651818b48888d89d20
--- /dev/null
+++ b/reuters/training/4135
@@ -0,0 +1,14 @@
+TAFT <TFB> REJECTS 145 DLR/SHR OFFER
+  Taft Broadacasting Co said its
+  board of directors unanimously decided not to accept the
+  pending buyout proposal of <Theta Corp>, an investor group led
+  by Dudley Taft.
+      The decision was based on, among other things, the advice
+  of its financial advisors, Goldman Sachs and Co, that the offer
+  of 145 dlrs per share was inadequate.
+      Taft said the board concluded that the offer failed to
+  recognize fully the future propsects of the company and
+  directed management to explore alternatives including possible
+  financial restructuring.
+  
+
diff --git a/reuters/training/4138 b/reuters/training/4138
new file mode 100644
index 0000000000000000000000000000000000000000..336ed14287750ea6965f411d84c35dedad40bcb4
--- /dev/null
+++ b/reuters/training/4138
@@ -0,0 +1,12 @@
+PAKISTAN COULD IMPORT 100,000 TONNES OF PALM OIL
+  Pakistan is likely to import 100,000
+  tonnes of refined, bleached and deodorised palm oil between
+  April and June this year, vegetable oil dealers said.
+      They said the import would be financed by the Islamic
+  Development Bank (IDB) which signed an agreement with Pakistan
+  earlier this week in Jeddah, Saudi Arabia.
+      Pakistan had imported 600,000 tonnes of edible oil since
+  the beginning of the current financial year last July, they
+  added. The palm oil would come from Malaysia or Indonesia.
+  
+
diff --git a/reuters/training/4139 b/reuters/training/4139
new file mode 100644
index 0000000000000000000000000000000000000000..22605a615c8180b52111e7e79527c65731ef03a6
--- /dev/null
+++ b/reuters/training/4139
@@ -0,0 +1,13 @@
+TREASURY SECRETARY BAKER DECLINES COMMENT ON G-6
+  U.S. Treasury Secretary James Baker
+  declined comment on the February 22 Paris accord between the
+  six major industrial nations under which they agreed to foster
+  exchange rate stability.
+      Asked by reporters after a speech before the National
+  Fitness Foundation banquet what, if any, currency intervention
+  levels had been set in Paris, Baker replied: "We never talk
+  about intervention."
+      Baker also declined to comment on his views about the
+  foreign exchange markets' reaction to the accord.
+  
+
diff --git a/reuters/training/4141 b/reuters/training/4141
new file mode 100644
index 0000000000000000000000000000000000000000..f1292fe4aac65899de7a721549a1f876fc9e74d4
--- /dev/null
+++ b/reuters/training/4141
@@ -0,0 +1,10 @@
+BEL FUSE INC <BELF> 4TH QTR NET
+  Shr 22 cts vs 13 cts
+      Net 1,063,000 vs 639,000
+      Sales 7,489,000 vs 4,656,000
+      Year
+      Shr 55 cts vs 28 cts
+      Net 2,633,000 vs 1,343,000
+      Sales 23.3 mln vs 17.9 mln
+  
+
diff --git a/reuters/training/4142 b/reuters/training/4142
new file mode 100644
index 0000000000000000000000000000000000000000..8cba7855addba9b5e637b74c812b22ad18e06933
--- /dev/null
+++ b/reuters/training/4142
@@ -0,0 +1,7 @@
+SOUTHWEST REALTY <SWL> YEAR LOSS
+  Shr loss 44 cts vs profit 1.13 dlrs
+      Net loss 1,544,000 vs profit 3,912,000
+      NOTE: Cash flow 1,010,000 dlrs or 29 cts shr vs 2,835,000
+  dlrs or 82 cts shr.
+  
+
diff --git a/reuters/training/4143 b/reuters/training/4143
new file mode 100644
index 0000000000000000000000000000000000000000..eb67bdc70e68197c03171a645bf641ef3ce4ae1b
--- /dev/null
+++ b/reuters/training/4143
@@ -0,0 +1,33 @@
+SOUTHWEST REALTY <SWL> HAS LIQUIDITY PROBLEMS
+  Southwest Realty Ltd said it believes it
+  could make all of its scheduled montly debt service payments
+  for 1987 despite the falloff in its rental operations, but
+  making the payments would probably severely impair its
+  liquidity and restrict its ability to maintain the quality of
+  its properties.
+      The company today reported a 1986 loss of 1,544,000 dlrs
+  compared with a 1985 profit of 3,912,000 dlrs.
+      Southwest said in addition to its monthly scheduyled debt
+  service payments, a 1,743,000 dlr loan on one of its Houston
+  properties is due to mature on April One.
+      Southwest said a commitment to reduce the interest rate and
+  extend the Houston loan for one year has been accepted.
+      It said talks are underway with lenders on other Houston
+  properties to obtain partial debt service moratoriums which, if
+  granted, would cut 1987 cash deficits from 1986 levels.  The
+  loan renegotiations could involve bankruptcy or other
+  litigation connected with the specific properties involved and
+  could involve the suspension of interest and principal payments
+  to some of the lenders.  Southwest said if the attempts to
+  restructure debt do not succeed, it could lose one or more of
+  the properties.
+      Southwest said the Houston properties made up about 10 pct
+  of its current value equity as of December 31 of 14.20 dlrs per
+  share, down from 16.68 dlrs a year before.
+      The company said depending on the success of the talks and
+  operating results for 1987, one or two more properties could
+  become subject to similar negotiations.  The two additional
+  properties comprised about 11 pct of its current value equity
+  at year-end, Southwest said.
+  
+
diff --git a/reuters/training/4144 b/reuters/training/4144
new file mode 100644
index 0000000000000000000000000000000000000000..f8851e7261afe8e3ec892b6404a8f3a2d1c6f8c6
--- /dev/null
+++ b/reuters/training/4144
@@ -0,0 +1,6 @@
+D.H. HOLMES CO LTD <HLME> SETS PAYOUT
+  Qtly div 12-1/2 cts vs 12-1/2 cts prior
+      Pay April One
+      Record March 20
+  
+
diff --git a/reuters/training/4145 b/reuters/training/4145
new file mode 100644
index 0000000000000000000000000000000000000000..e2284bce2a70accf25ca38c7d12acedfe1a31e6e
--- /dev/null
+++ b/reuters/training/4145
@@ -0,0 +1,17 @@
+POPE EVANS <PER> REPURCHASES SHARES
+  Pope, Evans and Robbins Inc said it
+  has repurchased 780,000 common shares from Putnam Mills Corp
+  principals Sidney and Peter Kaplan for 2.25 dlrs per share.
+      It said the purchase price will be applied against the
+  1,700,000 dlrs Putnam Mills currently owes Pope Evans for
+  merchandise.  Pope Evans has about 7.6 mln shares outstanding.
+      The company also said it has agreed in principle to acquire
+  privately-held Pat Fashions Industries Inc for 18 mln dlrs in
+  cash and notes, with financing to come partly from bank
+  borrowings, subject to approval by the Pope Evans board and Pat
+  shareholders.
+      Pat Fashions imports apparel from the Far East and makes
+  apparel domestically as well.  In the year ended November 30,
+  Pat earned 5,400,000 dlrs pretax on sales of 83.0 mln dlrs.
+  
+
diff --git a/reuters/training/4146 b/reuters/training/4146
new file mode 100644
index 0000000000000000000000000000000000000000..d27e693f12f458f90c28d2769e6e0acf3e159a5f
--- /dev/null
+++ b/reuters/training/4146
@@ -0,0 +1,14 @@
+BAIRD <BATM> GETS TEMPORARY RESTRAINING ORDER
+  Baird Corp said the Massachusetts state
+  court for Suffolk county has granted it a temporary restraining
+  order prohibiting Mark IV Industries Inc <IV> from further
+  purchases of Baird stock until Mark IV complies with the
+  Massachusetts Anti-Takeover Statute.
+      The company said Mark IV currently owns at least 17.6 pct
+  of Baird stock and has indicated that it may attempt to acquire
+  Baird.
+      Baird said the U.S. District Court in Boston has denied
+  Mark IV's application for a temporary restraining order to
+  prevent enforcement of the Massachusetts takeover law.
+  
+
diff --git a/reuters/training/4147 b/reuters/training/4147
new file mode 100644
index 0000000000000000000000000000000000000000..13fe8bb6a986710893691e1510846509c9dcac97
--- /dev/null
+++ b/reuters/training/4147
@@ -0,0 +1,24 @@
+JACOBS SUCHARD SEES 100,000 TONNE COCOA SURPLUS
+  Jacobs Suchard AG expects a world cocoa
+  surplus of around 100,000 tonnes in 1987 compared with a
+  104,000 tonne surplus in 1986, Jens Sroka, head of commodity
+  buying, told a news conference.
+      The company expects prices to remain at around current
+  levels despite the likelihood of agreement on buffer stock
+  rules at the forthcoming London cocoa talks, and believes
+  market intervention by the buffer stock manager would stabilise
+  prices.
+      Sroka said world coffee prices are expected to remain weak
+  if any international coffee talks fail to produce agreement.
+      Sroka said stagnating consumption and slight overproduction
+  will continue to weigh on coffee prices and he forecast a
+  continued build-up in stocks.
+      The recent failure of the London coffee talks had surprised
+  market observers.
+      Unless reason prevails and the major producers return to
+  the conference table, the world coffee market will remain free
+  and the consequences for some producers dependant on coffee for
+  their foreign exchange earnings would be catastrophic, Sroka
+  added.
+  
+
diff --git a/reuters/training/4148 b/reuters/training/4148
new file mode 100644
index 0000000000000000000000000000000000000000..8256b5b15f2fb5f7d8016833d0c228ca70bc06f8
--- /dev/null
+++ b/reuters/training/4148
@@ -0,0 +1,5 @@
+DUDLEY TAFT AND NARRAGANSETT CAPITAL TO PURSUE TAFT BROADCASTING BID
+
+  DUDLEY TAFT AND NARRAGANSETT CAPITAL TO PURSUE TAFT BROADCASTING BID
+  
+
diff --git a/reuters/training/4149 b/reuters/training/4149
new file mode 100644
index 0000000000000000000000000000000000000000..367588629e27c53ff10c761317b9c16376d69029
--- /dev/null
+++ b/reuters/training/4149
@@ -0,0 +1,9 @@
+GENERAL MINING UNION CORP LTD (GENM.J) YEAR NET
+  Shr 616 cts vs 481
+      Final div 150 cts vs 140, making 230 vs 195
+      Pre-tax 705.4 mln rand vs 485.2 mln
+      Net 591.7 mln vs 458.0 mln
+      Tax 79.2 mln vs 82.2 mln
+      Attrib to outside shareholders 123.7 mln vs 52.3 mln
+  
+
diff --git a/reuters/training/4150 b/reuters/training/4150
new file mode 100644
index 0000000000000000000000000000000000000000..a9715afa98963f07fd45914ded92aefc249a580a
--- /dev/null
+++ b/reuters/training/4150
@@ -0,0 +1,5 @@
+U.S. RETAIL SALES ROSE 4.1 PCT IN FEB, NON-AUTO SALES ROSE 1.5 PCT
+
+  U.S. RETAIL SALES ROSE 4.1 PCT IN FEB, NON-AUTO SALES ROSE 1.5 PCT
+  
+
diff --git a/reuters/training/4152 b/reuters/training/4152
new file mode 100644
index 0000000000000000000000000000000000000000..23af7fb259594d9f64ab6ed0463742f352730845
--- /dev/null
+++ b/reuters/training/4152
@@ -0,0 +1,41 @@
+U.S. RETAIL SALES RISE 4.1 PCT IN FEBRUARY
+  U.S. retail sales rose 4.77 billion
+  dlrs, or 4.1 pct, in February to a seasonally adjusted 122.29
+  billion dlrs, the Commerce Department said.
+      The increase came after a revised 7.4 pct drop in January
+  sales to a level of 117.52 billion dlrs. The department
+  previously reported January retail sales fell 5.8 pct.
+      Excluding autos, retail sales in February were up 1.5 pct
+  after falling by a revised 0.4 pct in January.
+      Department spokesmen said the major cause for the revision
+  downward in January sales was a weaker January auto dealer
+  sales figure than originally estimated.
+      Auto dealer sales were 26.91 billion dlrs in February, a
+  14.4 pct rise from January levels. But January sales dropped by
+  27.7 pct from December levels to 23.52 billion dlrs, more than
+  the 22.4 pct fall originally reported.
+      The expiration of the sales tax deduction under new tax
+  laws on January 1 was the main reason for the drop in January
+  sales, department spokesmen said.
+      Sales of durable goods rose in February by 8.8 pct to 46.72
+  billion dlrs after dropping by 17.7 pct in January.
+      Building materials rose 1.8 pct in February after falling
+  by 1.7 pct in January.
+      Non-durable goods sales rose by 1.3 pct to 75.58 billion
+  dlrs in February after falling by 0.2 pct in January, the
+  department said.
+      General merchandise stores rose 1.4 pct after increasing
+  sales by 1.6 pct in January, and department stores were up two
+  pct in February after rising 1.5 pct in January.
+      Food store sales increased 0.4 pct after declining by 1.0
+  pct in January, while grocery store sales increased 0.3 pct in
+  February after falling 0.6 pct in January.
+      Gasoline service station sales rose 2.0 pct in February
+  after a 1.9 pct January increase.
+      Apparel store sales were up 0.8 pct last month after
+  falling 3.0 pct in January, while sales at eating and drinking
+  places increased 1.5 pct after rising 0.5 pct in January.
+      February's retail sales were 4.4 pct above the year-ago
+  level of 117.09 billion dlrs, the department said.
+  
+
diff --git a/reuters/training/4153 b/reuters/training/4153
new file mode 100644
index 0000000000000000000000000000000000000000..91a8ec6b6f8eb82ce04ef2c4e5a2a38471bd46f6
--- /dev/null
+++ b/reuters/training/4153
@@ -0,0 +1,19 @@
+DUDLEY TAFT TO PURSUE TAFT BROADCAST <TFB> BID
+  Taft Broadcasting Co vice chairman
+  Dudley Taft and Narragansett Capital Inc <NARR> said they
+  intend to pursue their effort to acquire Taft Broadcasting
+  despite the rejection yesterday of their 145 dlr per share
+  offer by the Taft Broadcasting board.
+      Dudley Taft and Narragansett, in a joint statement, said
+  they intend to explore alternatives to achieve the acquisition,
+  including further talks with Taft Broadcasting.
+      They said they are confident that the Taft Broadcasting
+  board will conclude that the resolution of the company's
+  current "unstable situation" as quickly as possible is in the
+  best interests of all parties.
+      They said the Taft board did not conclude that their offer
+  was not fair to Taft shareholders.  Taft Broadcasting
+  yesterday, however, said financial advisor Goldman, Sachs and
+  Co found the offer to be inadequate.
+  
+
diff --git a/reuters/training/4155 b/reuters/training/4155
new file mode 100644
index 0000000000000000000000000000000000000000..f3e3a8073cb83e39f31223faf5bd24d320ce85b0
--- /dev/null
+++ b/reuters/training/4155
@@ -0,0 +1,15 @@
+HARPER GROUP <HARG> 4TH QTR NET
+  Shr 24 cts vs 31 cts
+      Net 2,245,000 vs 2,885,000
+      Revs 50.7 mln vs 46.5 mln
+      Avg shrs 9,396,000 vs 9,270,000
+      Year
+      Oper shr 96 cts vs 99 cts
+      Oper net 8,994,000 vs 9,220,000
+      Revs 191.5 mln vs 174.7 mln
+      Avg shrs 9,394,000 vs 9,282,000
+      NOTE: 1985 year net excludes 1,360,000 dlr loss from
+  discontinued operations.
+      Share adjusted for three-for-two stock split.    
+  
+
diff --git a/reuters/training/4156 b/reuters/training/4156
new file mode 100644
index 0000000000000000000000000000000000000000..3c2701a951e6957ec33803f1cd3bac3738db4c14
--- /dev/null
+++ b/reuters/training/4156
@@ -0,0 +1,47 @@
+CANADA LEADERS FAIL TO SET PACT ON FREE TRADE
+  Prime Minister Brian Mulroney said he
+  held "frank" discussions with the Canadian province premiers on
+  the pace of free trade talks with the United States, but the
+  longstanding issue of provincial ratification remains to be
+  settled.
+      Speaking to reporters after nearly five hours of meetings
+  with the 10 premiers, Mulroney said further discussions would
+  be held in June and September to discuss the role of the
+  provinces in approving any new trade deal.
+      But he maintained progress was being made in the sweeping
+  talks with the Unites States that got under nearly two years
+  ago.
+      "It appears reasonable progress is being made (in the
+  talks)," Mulroney said.
+      Alberta Premier Don Getty agreed, "Things are running pretty
+  quickly now."
+      The talks, launched by Mulroney's Progressive Conservative
+  government after concerns about protectionist sentiment in the
+  U.S., are aimed reducing the remaining barriers between the
+  world's largest trading partnership.
+      But the provinces are expected to play a major role in any
+  new trading arrangement, and some of the provincial leaders
+  complained of a lack of progress on reaching a ratification
+  formula.
+      "It's my view that we should be thinking about these things
+  right now, along with the questions of the substance of the
+  agreement," commented Ontario Premier David Peterson, who has
+  been highly critical of the talks in the past.
+      But Newfoundland Premier Brian Peckford said an agreement
+  was more likely to emerge by consensus and there would be no
+  need for a "hard and fast formula."
+      Peckford said it appears Canada is prepared to make
+  concessions to the United States on financial services in order
+  to make inroads on other bargaining areas, such as agriculture.
+      Canadian published reports, quoting government sources, say
+  the two countries are close to reaching a trade deal and it
+  will involve eliminating border tariffs and many non-tariff
+  barriers over the next 10 to 12 years.
+      A rough draft of the accord is expected to be presented to
+  the premiers at the June meeting while the finished document is
+  hoped to be presented to Congress in October.
+      "It's a very tight time frame," Ontario's Peterson said last
+  night. "But at this moment it is tough to say what will
+  transpire."
+  
+
diff --git a/reuters/training/4157 b/reuters/training/4157
new file mode 100644
index 0000000000000000000000000000000000000000..d5708f19f721ea5c785d9f63fce1b9e852552f5d
--- /dev/null
+++ b/reuters/training/4157
@@ -0,0 +1,10 @@
+HEALTHSOUTH REHABILITATION CORP <HSRC> 4TH QTR
+  Shr profit eight cts vs loss 10 cts
+      Net profit 622,000 vs loss 564,000
+      Revs 7,508,000 vs 1,913,000
+      Year
+      Shr profit 15 cts vs loss 28 cts
+      Net profit 933,000 vs loss 1,548,000
+      Revs 19.8 mln vs 4,799,000
+  
+
diff --git a/reuters/training/4158 b/reuters/training/4158
new file mode 100644
index 0000000000000000000000000000000000000000..f7a90ad7ede6e9c417a00e097a65b03f2658907e
--- /dev/null
+++ b/reuters/training/4158
@@ -0,0 +1,29 @@
+BALDRIGE OPPOSES JAPANESE PURCHASE OF FIRM
+  Commerce Secretary Malcolm Baldrige
+  has asked the White House to consider blocking the planned
+  Japanese acquisition of a major U.S. supercomputer and
+  semiconductor manufacturer for national security reasons, U.S.
+  officials said.
+      The officials, who asked not to be named, said yesterday
+  that Baldrige has "serious concerns" about the sale of Fairchild
+  Semiconductor Corp. to Fujitsu Ltd., another major electronics
+  firm.
+      The officials told Reuters that if the sale went through it
+  could leave the U.S. military overly dependent on a foreign
+  /ompany for vital high technology equipment used in its
+  advanced missiles, aircraft electronics and intelligence
+  gathering.
+      In addition, they said, the sale would also worsen the
+  already strained trade relations between the U.S. and Japan
+  stemming from the huge Japanese surplus.
+      The White House Economic Policy Council would consider the
+  sale in the coming weeks, they said.
+      Defense Secretary Caspar Weinberger's position was not
+  immediately known but in the past he has opposed the transfer
+  of high technology to foreign governments and companies.
+      Supercomputers made by Fairchild and other U.S.
+  manufacturers are widely used throughout the world, but none
+  have been sold to the Japanese government or to Japanese
+  government-run agencies and universities.
+  
+
diff --git a/reuters/training/4159 b/reuters/training/4159
new file mode 100644
index 0000000000000000000000000000000000000000..2205300d6c55033b48964bd90e1480bde65c8d79
--- /dev/null
+++ b/reuters/training/4159
@@ -0,0 +1,10 @@
+FIRST UNION <FUNC> ACQUISITION ADVANCES
+  First Union Corp said
+  shareholders of First North Port Bancorp of Northport, Fla.,
+  have approved a merger into First Union for 40 dlrs per share,
+  or about 5,100,000 dlrs.
+      The company said the acquisition is still subject to
+  regulatory approvals and is expected to be completed during the
+  second quarter.
+  
+
diff --git a/reuters/training/416 b/reuters/training/416
new file mode 100644
index 0000000000000000000000000000000000000000..f8d7464ffbf09933eab42e90f249e41a7cd13952
--- /dev/null
+++ b/reuters/training/416
@@ -0,0 +1,16 @@
+SWISS SIGHT DEPOSITS RISE 3.10 BILLION FRANCS
+  Sight deposits by commercial banks at the
+  Swiss National Bank rose by 3.10 billion Swiss francs to 10.53
+  billion in the last 10 days of February, the National Bank
+  said.
+      Foreign exchange reserves fell 3.06 billion francs to 30.64
+  billion.
+      Sight deposits are an important measure of Swiss money
+  market liquidity.
+      The decline in foreign exchange reserves reflected the
+  dismantling of swap arrangements, the National Bank said.
+      Banknotes in circulation rose by 834 mln francs to 24.79
+  billion while other deposits on call - mainly government funds
+  - fell 1.60 billion francs to 1.04 billion.
+  
+
diff --git a/reuters/training/4160 b/reuters/training/4160
new file mode 100644
index 0000000000000000000000000000000000000000..31428fdf8c76a3531f7465af8baf36e2dc2ed5b2
--- /dev/null
+++ b/reuters/training/4160
@@ -0,0 +1,53 @@
+SAND TECHNOLOGY <SNDCF> MULLING REVERSE SPLIT
+  Sand Technology Systems Inc said it is
+  considering a reverse stock split of at least one-for-10 and
+  expects to report a second-quarter profit, compared to a loss
+  last year.
+      The stock consolidation "is something we're discussing, but
+  it's not definite," Sand Technology president Jerry Shattner
+  told Reuters in an interview.
+      A private placement recently brought the number of
+  outstanding shares to 106 mln, up from 97.1 mln shares on July
+  31, 1986, the fiscal yearend.
+      "The company has always had the aura of a penny stock,"
+  Shattner said, adding that Sand plans, at some time, to apply
+  for listing on the Montreal Stock Exchange.
+      Shattner said the company expects to report a profit of
+  five pct, or about 350,000 dlrs, on sales of seven mln dlrs,
+  for the second quarter ended January 31. Results for the third
+  quarter should be about the same as the second, he added.
+      Last year, Sand lost 243,064 dlrs on revenues of 7,012,195
+  dlrs in the second quarter.
+      After "a disastrous first quarter," Sand hopes to break even
+  in the current fiscal year, Shattner said. The company has
+  scaled back its sales forecast to about 25 mln dlrs, from the
+  33.5 mln dlrs projected in December.
+      The rapid appreciation of the Japanese yen against U.S. and
+  Canadian dollars last year led to Sand's loss of 2.1 mln dlrs,
+  or two cts per share, on sales of 24.9 mln dlrs.
+      In the first fiscal quarter this year, the company lost
+  1,350,387 dlrs, or one ct per share, on sales of 3,570,585
+  dlrs.
+      Shattner believes the company will post better results this
+  year due to several factors.
+      "Last year, one of our biggest problems was we were buying
+  products in Japanese yen. We now buy some products from Hitachi
+  in U.S. dollars and the results are starting to show up in the
+  second quarter," he said.
+      Sand Technology sells, under its trademark, computer
+  accessories such as disk drives, solid-state memory enhancement
+  devices and printers manufactured by Hitachi Ltd <HIT> of
+  Japan.
+      Shattner said Sand's affiliate in Detroit, ST Systems Inc,
+  is developing software that lets large maniframe computers
+  handle large databases and share them between applications.
+      It is also distributing a new product called Sapiens, which
+  is artificial intelligence computer language for use by major
+  corporations.
+      The company has also reduced costs through some staff
+  cutting and a switch to profit sharing plans for sales staff
+  instead of straight commissions, Shattner said.
+      And Sand plans to market a laser printer in the fourth
+  fiscal quarter, Shattner said.
+  
+
diff --git a/reuters/training/4161 b/reuters/training/4161
new file mode 100644
index 0000000000000000000000000000000000000000..45a8cf16ae16d4c6861320f00023e7502eaf3917
--- /dev/null
+++ b/reuters/training/4161
@@ -0,0 +1,10 @@
+<CONCORDE VENTURES INC> IN MERGER AGREEMENT
+  Concorde Ventures Inc said it has signed
+  a letter of intent to acquire Englewood, Colo., homebuilder
+  Winley Inc for 12 mln common shares.
+      The investment company said after the merger the combined
+  company will have 15 mln shares outstanding.
+      For the year ended January 31, Winley earned 116,000 dlrs
+  pretax on revenues of 11.7 mln dlrs.
+  
+
diff --git a/reuters/training/4162 b/reuters/training/4162
new file mode 100644
index 0000000000000000000000000000000000000000..88d7ed2ca0d3292d93fe77e3a7dd22e8de3e3e6a
--- /dev/null
+++ b/reuters/training/4162
@@ -0,0 +1,15 @@
+DUNE RESOURCES <DNLAF> RESERVES ROSE IN 1986
+  Dune Resources Ltd said its oil
+  reserves increased 225 pct during 1986 while its natural gas
+  reserves were up six pct.
+      The company said its proven oil reserves were estimated at
+  605,682 barrels on December 31, up from 186,655 barrels a year
+  earlier boosted by discoveries during the year put at 423,659
+  barrels.
+      It said gas reserves rose to 8.8 mln cubic feet from 8.3
+  mln on Dec 31, 1985, as discoveries of nearly 1.3 mln cubic
+  feet were partialy offset by production of 287,391 cubic feet
+  and downward revisions of previous estimates totaling 491,694
+  cubic feet.
+  
+
diff --git a/reuters/training/4164 b/reuters/training/4164
new file mode 100644
index 0000000000000000000000000000000000000000..cb396d60a3581859fdfd5bf185e2a24443042a27
--- /dev/null
+++ b/reuters/training/4164
@@ -0,0 +1,5 @@
+BORG-WARNER TO SELL INDUSTRIAL PRODUCTS BUSINESS FOR ABOUT 240 MLN DLRS
+
+  BORG-WARNER TO SELL INDUSTRIAL PRODUCTS BUSINESS FOR ABOUT 240 MLN DLRS
+  
+
diff --git a/reuters/training/4165 b/reuters/training/4165
new file mode 100644
index 0000000000000000000000000000000000000000..97763064afb397448be305d79d7caf090a94d6ac
--- /dev/null
+++ b/reuters/training/4165
@@ -0,0 +1,82 @@
+JAPAN ECONOMY MAY BE NEAR BOTTOM, ECONOMISTS SAY
+  The worst may be just about over for
+  Japan's battered economy but economists said they do not expect
+  a vigorous recovery anytime soon. Japanese bank economists
+  polled by Reuters said the economy's 18 month-old slowdown is
+  likely to end in the first half of this year, helped by rising
+  exports, stepped-up government spending and falling prices. "The
+  economy will bottom out in the middle of the year," said
+  Sumitomo Bank Ltd chief economist, Masahiko Koido.
+      Industrial Bank of Japan Ltd senior economist Susumu
+  Taketomi agreed. "It (the bottom) is in the offing," he said.
+      But he added that the recovery will be slow. Growth in the
+  fiscal year beginning next month will only pick-up 2.2 pct,
+  from two pct in the current year, he said.
+      Signs that the economy has just about weathered the worst
+  are increasing.
+      The volume of exports in the first two months of the year
+  rose slightly on a year-on-year basis, after declining toward
+  the end of last year.
+      Although this may be due to extraordinary factors such as a
+  sharp rise in car exports to rebuild depleted European stocks,
+  several economists said it could mark the beginning of a
+  recovery.
+      Industrial production fell 0.7 pct in January, much smaller
+  than expected, and is forecast by the government to rise 0.3
+  pct in February and 2.6 pct in March. A Bank of Japan survey
+  released last week showed that the decline in Japanese
+  corporate earnings may be nearing its end.
+      And the Paris currency accord last month has fostered hopes
+  the rapid yen rise has come to the end, they said.
+      Six nations - the U.K., Canada, France, Japan, the U.S. And
+  West Germany - pledged in Paris last month to stabilise
+  currencies around current levels.
+      The yen's 40 pct climb against the dollar over the last two
+  years has hit the export-driven economy hard, by forcing its
+  companies to raise prices and lose sales in the U.S. Market.
+      "The important thing is the exchange rate," Taketomi said.
+      If it stabilises firms will grow more confident and raise
+  investment in plant and equipment, although there are no signs
+  of that yet, economists said.
+      A stable yen would also help exporters regain some of their
+  competitive edge just as the U.S economy may be starting to
+  recover, economists said.
+      Domestically, the economy may get a boost from some
+  loosening of the government's tight fiscal policy said Haruo
+  Muto, manager of national economics at the Bank of Tokyo Ltd.
+      The next reading of the economy's health should come early
+  next week with the release of gnp figures for the last quarter,
+  1986.
+      Most private economists expect a rise of about 0.5 pct from
+  the previous quarter. In the third quarter, GNP rose 0.6 pct.
+      But a senior government official said the fourth quarter
+  figures could surprise by showing a rise of more than one point
+  quarter-on-quarter. But he added that would be a statistical
+  aberration and not a significant shift in economic activity.
+      To maintain year-on-year growth of around 2.5 pct, the
+  economy would have had to rise about 1.2 pct in the fourth
+  quarter as the final quarter of 1985 was strong.
+       The rise in the fourth quarter of 1985 was probably a
+  statistical anomaly that was repeated in the final months of
+  1986, the official said.
+      Economists said the fourth quarter figures were also
+  distorted by the government's sale of gold coins in the second
+  half of 1986.
+      Because the coins were classified as legal tender, their
+  purchase did not show up in the statistics on consumer
+  expenditure. Consumer spending also tailed off in December
+  because of bad weather and smaller-than-normal end-year
+  bonuses, they said.
+      As the government had to buy back some of the coins from
+  retailers because they were unsold, the government's
+  contribution to the economy in the fourth quarter may have been
+  boosted, economists said.
+      Taketomi said it may have received a further boost from
+  government buying of farm products as the domestic crop last
+  year was good.
+      The senior government official said the fourth quarter
+  performance of the domestic sector was probably worse than
+  generally expected, while that of the external sector was
+  better.
+  
+
diff --git a/reuters/training/4167 b/reuters/training/4167
new file mode 100644
index 0000000000000000000000000000000000000000..1a4a000b100873e59c863db8282034d5b1c6af6d
--- /dev/null
+++ b/reuters/training/4167
@@ -0,0 +1,13 @@
+QINTEX EXTENDS PRINCEVILLE <PVDC> OFFER
+  <Qintex America Ltd> said it is again
+  extending its offer of 13 dlrs a share for 3.3 mln Princeville
+  Development Corp shares until today from yesterday.
+      As reported yesterday, Qintex said, about seven mln
+  Princeville shares had been tendered in response to the offer.
+      Qintex said it is extending the offer to allow Princeville
+  to comply with federal law restricting the ownership of U.S.
+  airlines by non-U.S. citizens and to finalize the terms and
+  conditions of the letter of credit or bank guarantee required
+  under the previously announced acquisition agreement.
+  
+
diff --git a/reuters/training/4169 b/reuters/training/4169
new file mode 100644
index 0000000000000000000000000000000000000000..8a194da3f847eab5d6937634d247c424f5edb503
--- /dev/null
+++ b/reuters/training/4169
@@ -0,0 +1,14 @@
+CORRECTED-NETWORK VIDEO INC <NVID> 3RD QTR
+  Feb 28 end
+      Shr five cts vs one ct
+      Net 161,019 vs 50,745
+      Revs 1,048,543 vs 478,700
+      Avg shrs 3,217,500 vs 4,350,000
+      Nine mths
+      Shr 12 cts vs four cts
+      Net 390,179 vs 169,275
+      Revs 2,658,692 vs 1,478,066
+      Avg shrs 3,217,500 vs 4,350,000
+      NOTE: Corrects reversed figures in March 11 item.
+  
+
diff --git a/reuters/training/417 b/reuters/training/417
new file mode 100644
index 0000000000000000000000000000000000000000..7909094d821248bb23d75b925c06ef9fcc623eb4
--- /dev/null
+++ b/reuters/training/417
@@ -0,0 +1,3 @@
+ 2-MAR-1987 09:39:50.97
+   2-MAR-1987 09:39:50.97
+
diff --git a/reuters/training/4170 b/reuters/training/4170
new file mode 100644
index 0000000000000000000000000000000000000000..149b6291e0724b5d3a4b71c6e235ec37cc93c2c3
--- /dev/null
+++ b/reuters/training/4170
@@ -0,0 +1,17 @@
+BANKERS OPPOSE STRICT TAIWAN CURRENCY CONTROLS
+  Taiwan imposed currency controls today
+  in what bankers called a desperate move to prevent speculation
+  as the Taiwan dollar appreciated against the U.S. currency.
+      The strict controls will require proof that large
+  remittances to Taiwan are connected to commercial transactions
+  rather than currency speculation.
+      Bankers attacked the controls as ineffective, saying they
+  were a panic reaction to pressure from Washington for faster
+  appreciation of the Taiwan currency against the U.S. dollar,
+  which would slow exports to the United States.
+      Remittances exceeding one mln dlrs earned through exports,
+  shipping, insurance or bank lending will now need government
+  approval, along with remittances of more than 10,000 dlrs from
+  any other source.
+  
+
diff --git a/reuters/training/4171 b/reuters/training/4171
new file mode 100644
index 0000000000000000000000000000000000000000..bb00910eea13f453399006b105a8881837b0bc4f
--- /dev/null
+++ b/reuters/training/4171
@@ -0,0 +1,10 @@
+SAUDI SUPERTANKER REPORTED HIT BY IRAN OFF UAE
+  Iran attacked the Saudi Arabian
+  supertanker Arabian Sea off the United Arab Emirates last night
+  but the vessel was able to proceed after the incident, Lloyds
+  Shipping Intelligence reported.
+      The 315,695-dwt Arabian Sea had set sail on Tuesday after
+  loading oil at the Saudi port of Ras Tannurah. Lloyds said the
+  attack occurred at about 2200 hrs local time (1800 GMT).
+  
+
diff --git a/reuters/training/4172 b/reuters/training/4172
new file mode 100644
index 0000000000000000000000000000000000000000..dbf08939fdcaf12bc0d68f56a32947df005679a1
--- /dev/null
+++ b/reuters/training/4172
@@ -0,0 +1,17 @@
+TAIWAN TO RELAX IMPORT CURBS ON MORE GOODS
+  Taiwan will relax import controls on
+  more foreign goods, a government spokesman said today.
+      The move was to allow greater access to Taiwan markets by
+  overseas trading partners, especially the United States, an
+  official of the Council for Economic Planning and Development
+  told Reuters.
+      Import curbs on about 400 foreign goods, including
+  stationery and books, would soon be relaxed, he said.
+      Taiwan announced it would ease curbs on some 600 farming
+  and industrial products last month.
+      The official said the moves were intended to balance trade
+  between Taiwan and the United States and other trading
+  partners. Taiwan's trade surplus reached a record 15.6 billion
+  dlrs last year, up from 10.62 billion in 1985.
+  
+
diff --git a/reuters/training/4173 b/reuters/training/4173
new file mode 100644
index 0000000000000000000000000000000000000000..02fe2b3ec3a42f314ae625aae2f1e1de9fb407ae
--- /dev/null
+++ b/reuters/training/4173
@@ -0,0 +1,24 @@
+U.K. RETAILERS SEE GROWTH IN CONSUMER SPENDING
+  U.K. Retailers expect consumer spending
+  to accelerate in March after a disappointing increase in
+  February, according to a monthly survey by the Confederation of
+  British Industry (CBI).
+      Fifty-nine pct of the 325 retailers questioned for the
+  latest Distributive Trades Survey expected sales to be higher
+  in March than they were in March 1986, with only six pct
+  expecting lower sales.
+      The chairman of the Distributive Trades Survey Panel, Nigel
+  Whittaker, said a favourable Budget next week would further
+  help sales during the summer.
+      Figures released earlier this week showed retail sales in
+  January fell 2.2 pct, mainly due to exceptionally cold weather.
+      "Sales did not recover in February as much as retailers had
+  expected, and they are now looking for better business in
+  March," today's survey said.
+      It reported clothing stores were the most optimistic, with
+  80 pct expecting sales in March to be higher than a year ago.
+      Wholesalers also expected stronger sales in March, while
+  both retailers and wholesalers reported slower growth in import
+  penetration, it said.
+  
+
diff --git a/reuters/training/4174 b/reuters/training/4174
new file mode 100644
index 0000000000000000000000000000000000000000..5784b27699d1b1af6fc84f507092bef9ffb501c6
--- /dev/null
+++ b/reuters/training/4174
@@ -0,0 +1,56 @@
+MOST JAPAN FIRMS NOT RENEWING IRAN TERM CONTRACTS
+  Most Japanese companies have decided not
+  to renew term contracts to lift Iranian crude oil because spot
+  prices remain considerably lower than OPEC's official levels,
+  industry sources said.
+      They said a cargo of the Mideast benchmark crude Dubai
+  traded yesterday at 16.50 dlrs a barrel, compared to its
+  official price of 17.42 dlrs.
+      Only one Japanese company has renewed its term contract for
+  Iranian crude oil for the second quarter, the sources said.
+      The sources said Japanese companies had been lifting a
+  total of about 185,000 barrels per day (bpd) of Iranian crude
+  under term contracts, but only one firm has agreed to lift in
+  the second quarter. It is lifting just 10,000 to 15,000 bpd.
+      They said this move could inspire Iran to offer discounts
+  on cargoes loading in April, but the likelihood of discounts
+  depended largely on the levels of spot prices.
+      "If the spot price of Dubai goes above 17.30 dlrs we would
+  probably buy Iranian crude at the official price," one Japanese
+  refiner said.
+      "We don't intend to put pressure on them," he added.
+      Buyers have little incentive to renew contracts to lift oil
+  at official OPEC prices while spot prices on all grades are
+  considerably lower, oil traders said.
+      They said if spot prices move higher there will be no
+  problem finding OPEC crude to purchase at the official prices.
+  Qatar has chartered floating storage for its crude oil after
+  finding no buyers at official prices in March. The problem is
+  likely to recur in April, adding to that country's surplus.
+      The traders added that Iraq had dissociated itself from
+  OPEC's December production agreement, while agreeing to the
+  fixed prices.
+      But oil analysts said if OPEC keeps group output close to
+  its first-half 1987 ceiling of 15.8 mln bpd, supply and demand
+  would be balanced by the end of the second quarter.
+      They also said if OPEC holds its official price structure
+  based on a reference price of 18 dlrs, spot price fluctuations
+  should be limited to a 16.50 to 17.20 dlrs range for Dubai and
+  a 17 to 18 dlrs range for the North Sea's Brent blend.
+      One Japanese refiner said, "At the moment there's a lot of
+  pressure on OPEC, particularly on Qatar. But if they hold out
+  there will be no problem, and I'm beginning to trust their
+  ability."
+      Nigerian oil minister and OPEC president Rilwanu Lukman
+  told a news conference in Lagos yesterday, "Nigeria and all
+  member countries of OPEC remain determined to uphold the
+  December agreement by adhering strictly to their various quotas
+  and official selling prices."
+      He said OPEC believed consumers had drawn heavily on stocks
+  of both crude oil and refined products, reducing them to levels
+  well below this time last year. He said consumers would soon
+  return to the market in search of crude.
+      A Japanese refiner said, "The European and U.S. Markets are
+  beginning to look better so OPEC might be quite lucky."
+  
+
diff --git a/reuters/training/4175 b/reuters/training/4175
new file mode 100644
index 0000000000000000000000000000000000000000..2bcdf1d51fcb4aef2e501c5917adf4f889fed511
--- /dev/null
+++ b/reuters/training/4175
@@ -0,0 +1,9 @@
+POSSIS <POSS> VOTES 100 PCT STOCK DIVIDEND
+  Possis Corp said its board approved
+  a 100 pct stock dividend payable May One, record March 27.
+      At the company's annual meeting Wednesday, Possis said
+  shareholders approved a proposal to increase the authorized
+  common shares to 20 mln from eight mln. The company currently
+  has about 3.9 mln shares outstanding.
+  
+
diff --git a/reuters/training/4176 b/reuters/training/4176
new file mode 100644
index 0000000000000000000000000000000000000000..cb49e056b16a79eda562655d9bb7164bf3ba0c6a
--- /dev/null
+++ b/reuters/training/4176
@@ -0,0 +1,6 @@
+SEAL INC <SINC> 1ST QTR JAN 31 NET
+  Shr 29 cts vs 16 cts
+      Net 610,000 vs 329,000
+      Sales 6,714,000 vs 4,582,000
+  
+
diff --git a/reuters/training/4177 b/reuters/training/4177
new file mode 100644
index 0000000000000000000000000000000000000000..2844517e7bcc84c6cf58ad2bd7788c30cb3b119c
--- /dev/null
+++ b/reuters/training/4177
@@ -0,0 +1,6 @@
+DOW CHEMICAL CO <DOW> REGULAR DIVIDEND
+  Qtly div 50 cts vs 50 cts prior
+      Pay April 30
+      Record March 31
+  
+
diff --git a/reuters/training/4178 b/reuters/training/4178
new file mode 100644
index 0000000000000000000000000000000000000000..94c4f14b0be343112dd65b6ba0e3ed8884b33453
--- /dev/null
+++ b/reuters/training/4178
@@ -0,0 +1,7 @@
+TELCO <TELC> DELAYS DEFENSIVE RIGHTS OFFERING
+  Telco Systems Inc said its plan
+  to distribute a dividend of common stock purchase rights to
+  shareholders of record on March 16 has been delayed pending the
+  completion of necessary regulatory approvals.
+  
+
diff --git a/reuters/training/418 b/reuters/training/418
new file mode 100644
index 0000000000000000000000000000000000000000..9c42c8cf7240fa3e5db0f23873e4ac6b30d16186
--- /dev/null
+++ b/reuters/training/418
@@ -0,0 +1,5 @@
+CONSOLIDATED TVX SAYS IT WILL ISSUE SHARES TO BUY STAKES IN THREE BRAZIL MINING FIRMS
+
+  CONSOLIDATED TVX SAYS IT WILL ISSUE SHARES TO BUY STAKES IN THREE BRAZIL MINING FIRMS
+  
+
diff --git a/reuters/training/4182 b/reuters/training/4182
new file mode 100644
index 0000000000000000000000000000000000000000..297f897f9ca487d2a2aef2ded5ea86449bbf1dcb
--- /dev/null
+++ b/reuters/training/4182
@@ -0,0 +1,20 @@
+CLAYTON AND DUBILIER NEW JOINT UNIT TO BUY FIRM
+  Clayton and Dubilier Inc and senior
+  management of a unit of Borg-Warner Corp <BOR> said it will
+  form a new company to buy Borg-Warner's industrial products
+  group for about 240 mln dlrs.
+      Borg-Warner industrial products has sales of about 300 mln
+  dlrs from three divisions, which provide advanced technology
+  fluid transfer and control equipment, systems and
+  services worldwide, Clayton said.
+      The new company will have 3,000 employees and be
+  headquartered in Long Beach, Calif., the company said.
+      Peter Valli, vice president of Borg-Warner Corp and
+  president of its industrial products division, will become
+  president and chief executive officer of the new company,
+  according to Clayton.
+      Clayton, a private investment firm, said this was the third
+  mangement buyout of a divestiture completed by them since
+  December 1986.
+  
+
diff --git a/reuters/training/4184 b/reuters/training/4184
new file mode 100644
index 0000000000000000000000000000000000000000..b3b5c60f6b87b9a5c19a2f330d5058c7d8ae2916
--- /dev/null
+++ b/reuters/training/4184
@@ -0,0 +1,10 @@
+U.S. HEALTH INC <USHI> 2ND QTR JAN 31 NET
+  Shr 10 cts vs seven cts
+      Net 1,541,000 vs 1,056,000
+      Revs 20.1 mln vs 17.0 mln
+      1st half
+      Shr 19 cts vs 11 cts
+      Net 2,945,000 vs 1,742,000
+      Revs 38.2 mln vs 35.2 mln
+  
+
diff --git a/reuters/training/4185 b/reuters/training/4185
new file mode 100644
index 0000000000000000000000000000000000000000..f036602aee6209db7bfc51baca49bdb60a6d288c
--- /dev/null
+++ b/reuters/training/4185
@@ -0,0 +1,5 @@
+K MART CORP 4TH QTR  SHR 2.11 DLRS VS NINE CTS
+
+  K MART CORP 4TH QTR  SHR 2.11 DLRS VS NINE CTS
+  
+
diff --git a/reuters/training/4188 b/reuters/training/4188
new file mode 100644
index 0000000000000000000000000000000000000000..9589f6c96689449156df122033136856c2d52cf6
--- /dev/null
+++ b/reuters/training/4188
@@ -0,0 +1,9 @@
+UK MONEY MARKET GIVEN FURTHER TWO MLN STG HELP
+  The Bank of England said it gave the
+  market further assistance of two mln stg during the afternoon,
+  buying that amount of band two bank bills at 10-5/16 pct.
+      The bank has given the market assistance worth 1.503
+  billion stg today to offset a shortage it estimated at a
+  revised 1.60 billion.
+  
+
diff --git a/reuters/training/4189 b/reuters/training/4189
new file mode 100644
index 0000000000000000000000000000000000000000..aad32f1b03f387d15ef39d18425bc1001ac15969
--- /dev/null
+++ b/reuters/training/4189
@@ -0,0 +1,7 @@
+ENVIRONMENTAL SYSTEMS CO <ESC> 1ST QTR JAN 31
+  Shr 13 cts vs 15 cts
+      Net 2,193,000 vs 1,918,000
+      Revs 18.2 mln vs 15.2 mln
+      NOTE: Share after preferred dividends.
+  
+
diff --git a/reuters/training/4192 b/reuters/training/4192
new file mode 100644
index 0000000000000000000000000000000000000000..7144c9f9bcf579a0323da47d3bae9cc6266df67c
--- /dev/null
+++ b/reuters/training/4192
@@ -0,0 +1,12 @@
+GENERAL MINING (GENM.J) CAUTIONS ON 1987 PROFITS
+  General Mining Union Corp Ltd
+  chairman Derek Keys cautioned that profits may not rise this
+  year if the rand stays at its current level of 48 U.S. Cents.
+      "We would do well to repeat last year's results if the rand
+  stays depressed," Keys said.
+      The level of the dividend, however, "ought not to be
+  affected," he added, discussing the 1987 outlook.
+      General Mining earlier reported that 1986 per share
+  earnings rose 28 pct to 616 cts.
+  
+
diff --git a/reuters/training/4193 b/reuters/training/4193
new file mode 100644
index 0000000000000000000000000000000000000000..7fc8abc36e71478341734ff42b0b929a64c3476f
--- /dev/null
+++ b/reuters/training/4193
@@ -0,0 +1,6 @@
+COLGATE-PALMOLIVE CO <CL> SETS PAYOUT
+  Qtrly div 34 cts vs 34 cts
+      Pay May 15
+      Record April 24
+  
+
diff --git a/reuters/training/4194 b/reuters/training/4194
new file mode 100644
index 0000000000000000000000000000000000000000..96c898162a1930a04cb8edf0dd22361130ca880e
--- /dev/null
+++ b/reuters/training/4194
@@ -0,0 +1,10 @@
+ISCO INC <ISKO> 2ND QTR ENDS JAN 30 NET
+  Shr 12 cts vs 13 cts
+      Net 414,968 vs 449,533
+      Revs 5,726,722 vs 5,276,627
+      Six mths
+      Shr 23 cts vs 33 cts
+      Net 779,981 vs 1,116,857
+      Revs 11.3 mln vs 11.3 mln
+  
+
diff --git a/reuters/training/4199 b/reuters/training/4199
new file mode 100644
index 0000000000000000000000000000000000000000..e4e0588004f2dce1afbe9299e59c17eae6dbf60a
--- /dev/null
+++ b/reuters/training/4199
@@ -0,0 +1,17 @@
+CCC REALLOCATES CREDIT GUARANTEES TO EL SALVADOR
+  The Commodity Credit Corporation,
+  CCC, has reallocated two mln dlrs in credit gurantees
+  previously earmarked for sales of U.S. protein meals to cover
+  sales of vegetable oil and tallow to El Salvador, the U.S.
+  Agriculture Department said.
+      The action reduces coverage for sales of protein meals to
+  14 mln dlrs from 16 mln dlrs and creates new lines of one mln
+  dlrs for tallow and/or greases and one mln dlrs for vegetable
+  oils, the department said.
+      All sales under the credit guarantee lines must be
+  registered and exported by Sepember 30, 1987, it said.
+      The guarantee rates include a charge to provide for a
+  yearly interest rate coverage of up to 4.5 pct on the
+  guaranteed value, the department said.
+  
+
diff --git a/reuters/training/42 b/reuters/training/42
new file mode 100644
index 0000000000000000000000000000000000000000..e1f790af7fb9a17e389758ac5aa85c10fc260768
--- /dev/null
+++ b/reuters/training/42
@@ -0,0 +1,14 @@
+ICO PRODUCERS TO PRESENT NEW COFFEE PROPOSAL
+  International Coffee Organization, ICO,
+  producing countries will present a proposal for reintroducing
+  export quotas for 12 months from April 1 with a firm
+  undertaking to try to negotiate up to September 30 any future
+  quota distribution on a new basis, ICO delegates said.
+      Distribution from April 1 would be on an unchanged basis as
+  in an earlier producer proposal, which includes shortfall
+  redistributions totalling 1.22 mln bags, they said.
+      Resumption of an ICO contact group meeting with consumers,
+  scheduled for this evening, has been postponed until tomorrow,
+  delegates said.
+  
+
diff --git a/reuters/training/420 b/reuters/training/420
new file mode 100644
index 0000000000000000000000000000000000000000..021c6979d28feb4d5a608bde8b06c0f5a013e951
--- /dev/null
+++ b/reuters/training/420
@@ -0,0 +1,13 @@
+WHITTAKER CORP <WKR> 1ST QTR JAN 31 NET
+  Oper shr 17 cts vs 25 cts
+      Qtly div 15 cts vs 15 cts prior
+      Oper net 1,522,000 vs 3,501,000
+      Sales 98.0 mln vs 86.3 mln
+      NOTE: Prior year net excludes loss from discontinued
+  operations of 1,817,000 dlrs.
+      Company said common shares outstanding down significantly
+  to 7,814,000, reflecting retirement of about 5,200,000 shares
+  since start of restructurining in August 1986.
+      Dividend pay April 30, record April 16.
+  
+
diff --git a/reuters/training/4201 b/reuters/training/4201
new file mode 100644
index 0000000000000000000000000000000000000000..83edddb607f01fe51441b917ecdb6633a86faf56
--- /dev/null
+++ b/reuters/training/4201
@@ -0,0 +1,19 @@
+BORG-WARNER <BOR> TO SELL UNIT FOR 240 MLN DLRS
+  Borg-Warner Corp said it agreed to sell
+  its industrial products group to <Clayton and Dubilier Inc>
+  and senior management of the group, for about 240 mln dlrs.
+      Clayton and Dubilier is a New York-based private investment
+  firm, which has completed two other management-led buyout
+  transactions since December 1986.
+      Borg-Warner's industrial products group, based in Long
+  Beach, California, has sales of about 300 mln dlrs and employs
+  about 3,000 staff.
+      Its businesses include standard and custom engineered
+  centrifugal pumps and mechanical seals for the petroleum
+  industry and advanced controls for the aerospace and defense
+  industries.
+      The sale is part of Borg-Warner's planned restructuring.
+      the proposed sale is subject to approval by Borg-Warner's
+  directors, it said.
+  
+
diff --git a/reuters/training/4203 b/reuters/training/4203
new file mode 100644
index 0000000000000000000000000000000000000000..6b22c81147ea823b09bf6e4dfeb3bcd15c2115e3
--- /dev/null
+++ b/reuters/training/4203
@@ -0,0 +1,11 @@
+PANAMANIAN WHEAT SHIP STILL GROUNDED OFF SYRIA
+  The Panamanian bulk carrier Juvena is
+  still aground outside Tartous, Syria, despite discharging 6,400
+  tons of its 39,000-ton cargo of wheat, and water has entered
+  the engine-room due to a crack in the vessel bottom, Lloyds
+  Shipping Intelligence Service said.
+      The Juvena, 53,351 tonnes dw, ran aground outside Tartous
+  port basin breakwater on February 25 in heavy weather and rough
+  seas.
+  
+
diff --git a/reuters/training/4204 b/reuters/training/4204
new file mode 100644
index 0000000000000000000000000000000000000000..f03e202597f94a19097f2521926264d6e5bc41b1
--- /dev/null
+++ b/reuters/training/4204
@@ -0,0 +1,24 @@
+GUARDIAN-MORTON SHULMAN AGREES TO TAKEOVER BID
+  <Guardian-Morton Shulman Precious
+  Metals Inc> said Morton Shulman and Guardman Investment
+  Management Services Inc agreed in principle for Andrew Sarlos
+  to make a takeover bid for all special shares and series II
+  warrants of Guardian-Morton, subject to regulatory approval and
+  completion of definitive documentation.
+      Guardman Investment, current manager and owner of all
+  common shares of Guardian-Morton, also agreed to sell the
+  common and its management agreement to a company controlled by
+  Sarlos if the takeover bid is successful, Guardian-Morton said.
+      Price to be offered for the Guardian-Morton special shares
+  under the takeover bid will be 90 pct of the net asset value of
+  the special shares at the time of the bid, and two dlrs for
+  each series II warrant, the company said.
+      Guardian-Morton said the takeover bid will be conditional
+  on Sarlos acquiring at least 90 pct of the special shares and
+  90 pct of the series II warrants, when combined the number of
+  special shares and warrants owned by the offeror at the time of
+  the bid.
+      Investment companies managed by Sarlos currently own
+  slightly less than 10 pct of Guardian-Morton's special shares.
+  
+
diff --git a/reuters/training/4205 b/reuters/training/4205
new file mode 100644
index 0000000000000000000000000000000000000000..a06fde7d35c1b24b66675fea3e645933e86fd561
--- /dev/null
+++ b/reuters/training/4205
@@ -0,0 +1,20 @@
+K MART CORP <KM> 4TH QTR JAN 28 NET
+  Shr 2.11 dlrs vs nine cts
+      Net 285,000,000 vs 10,500,000
+      Revs 7.35 billion vs 6.76 billion
+      Avg shrs 134,300,000 vs 131,600,000
+      Year
+      Shr 4.35 dlrs vs 1.73 dlrs
+      Net 582,300,000 vs 221,200,000
+      Revs 24.13 billion vs 22.33 billion
+      Avg shrs 134,300,000 vs 131,600,000
+      NOTE: Latest year earnings include a loss in each period of
+  16.4 mln dlrs, or 12 cts a share, for a premium paid in the
+  early call of a 250 mln dlr 12.75 pct 30-year debenture
+      Earnings include a gain from discontinued operations of
+  30.8 mln dlrs, or 23 cts a share vs a loss of 238.9 mln dlrs,
+  or 1.82 dlrs a share in the quarter and a gain of 28.4 mln
+  dlrs, or 21 cts a share vs a gain of 472.0 mln dlrs, or 3.64
+  dlrs a share for the year
+  
+
diff --git a/reuters/training/4206 b/reuters/training/4206
new file mode 100644
index 0000000000000000000000000000000000000000..700c7fae785a58b94f2605bc25dbbcff3696fb99
--- /dev/null
+++ b/reuters/training/4206
@@ -0,0 +1,9 @@
+HOG AND CATTLE SLAUGHTER GUESSTIMATES
+  Chicago Mercantile Exchange floor
+  traders and commission house representatives are guesstimating
+  today's hog slaughter at about 290,000 to 310,000 head versus
+  309,000 week ago and 328,000 a year ago.
+      Cattle slaughter is guesstimated at about 128,000 to
+  131,000 head versus 129,000 week ago and 127,000 a year ago.
+  
+
diff --git a/reuters/training/4209 b/reuters/training/4209
new file mode 100644
index 0000000000000000000000000000000000000000..c8b1fe19f731ff1a3a477dd40dbd12cd73b65ec1
--- /dev/null
+++ b/reuters/training/4209
@@ -0,0 +1,12 @@
+VAN OMMEREN ACQUIRES DUTCH GAS CONTAINER UNIT
+  Dutch shipping and transport group
+  PHS Van Ommeren NV <OMMN.AS> said it has taken over a small
+  Dutch gas container firm as a first step in establishing a
+  world-wide gas container organisation.
+      The firm, Liquid and Gas Transport BV (LGT), employs 10
+  people and has a fleet of 200 gas containers.
+      Van Ommeren will shortly open an office in Singapore and
+  expand its facilities in Houston to establish the gas container
+  network.
+  
+
diff --git a/reuters/training/4210 b/reuters/training/4210
new file mode 100644
index 0000000000000000000000000000000000000000..ecb67c17e881485916035e86025f2fe480b9fb43
--- /dev/null
+++ b/reuters/training/4210
@@ -0,0 +1,6 @@
+DORCHESTER HUGOTON LTD <DHULZ> RAISES PAYOUT
+  Qtly div 10 cts vs eight cts prior
+      Pay April 16
+      Record March 31
+  
+
diff --git a/reuters/training/4212 b/reuters/training/4212
new file mode 100644
index 0000000000000000000000000000000000000000..1e11f51dce9d7e444f7ec579c1878e3e7715a549
--- /dev/null
+++ b/reuters/training/4212
@@ -0,0 +1,14 @@
+INTERNATIONAL AMERICAN <HOME> SETS ACQUISITION
+  International American Homes inc
+  said it has contracted to acquire <Diversified Shelter Group
+  Ltd> for about 11,850,000 dlrs to be paid 73 pct in cash and 27
+  pct in International American common stock to be valued on a 30
+  day trading average prior to closing.
+      It said the price is based on Diversified's estimated 3.2
+  mln dlrs pro forma pre-tax earnings for 1986 after adjustment
+  for certain non-continuing expenses. Diversified, a developer
+  of single family housing in the Atlanta market, had 1986
+  revenues of about 25.3 mln dlrs. The acquisition if subject to
+  International American arranging financing.
+  
+
diff --git a/reuters/training/4215 b/reuters/training/4215
new file mode 100644
index 0000000000000000000000000000000000000000..c4daaf3f2446d974c7dea0f57c9586f6fa27c8aa
--- /dev/null
+++ b/reuters/training/4215
@@ -0,0 +1,14 @@
+EC COMMISSION HAS OPEN ATTITUDE ON STEEL QUOTAS
+  The EC Commission said it was
+  adopting an "open attitude" about whether a system of production
+  quotas should remain for the indefinite future on heavy steel
+  products which account for about 45 pct of all EC steel goods.
+      In a statement, the Commission reiterated its view that the
+  industry needs to lose between 25 and 30 mln tonnes of capacity
+  by 1990. It had previously said the quota system, started in
+  1980, should be wound up completely by the end of next year.
+      The industry has argued for the maintenance of existing
+  quotas, which cover almost 70 pct of all output, saying almost
+  all steelmakers are losing money due to the depressed market.
+  
+
diff --git a/reuters/training/4216 b/reuters/training/4216
new file mode 100644
index 0000000000000000000000000000000000000000..ba20bc333b41189e0e122052b80ff25d439624a0
--- /dev/null
+++ b/reuters/training/4216
@@ -0,0 +1,15 @@
+PRECISION AEROTECH INC <PAR> 3RD QTR JAN 31 NET
+  Oper shr 16 cts vs two cts
+      Oper net 467,000 vs 52,000
+      Sales 8,954,000 vs 6,338,000
+      Avg shrs 2,939,459 vs 1,979,916
+      Nine mths
+      Oper shr 45 cts vs 18 cts
+      Oper net 1,068,000 vs 387,000
+      Sales 24.5 mln vs 19.6 mln
+      Avg shrs 2,299,764 vs 1,979,916
+      NOTE: Current year net both periods excludes 176,000 dlr
+  gain from retirement of notes.
+      Backlog 30.8 mln vs 26.7 mln at start of fiscal year.
+  
+
diff --git a/reuters/training/4218 b/reuters/training/4218
new file mode 100644
index 0000000000000000000000000000000000000000..54cecdb8569c06aff2a68b25282ae1f2570779be
--- /dev/null
+++ b/reuters/training/4218
@@ -0,0 +1,13 @@
+GUARDIAN NATIONAL INSURANCE CO LTD <GARJ J> YEAR
+  Shr 100.6 cts vs 76.9 cts
+      Final div 40 cts vs 32 making 58 cts vs 50
+      Pre-tax 14.17 mln rand vs 8.85 mln
+      Net 10.06 mln vs 7.69 mln
+      Tax 4.10 mln vs 1.16 mln
+      Gross premiums 210.16 mln vs 178.69 mln
+      Net premiums written 143.99 mln vs 123.88 mln
+      Underwriting loss 1.78 mln vs loss 6.25 mln
+      Div pay April 10, register March 27.
+      Note - period year to December 31 1986.
+  
+
diff --git a/reuters/training/4219 b/reuters/training/4219
new file mode 100644
index 0000000000000000000000000000000000000000..5c5e12d233266d34a10ee104eb5347d67b426f67
--- /dev/null
+++ b/reuters/training/4219
@@ -0,0 +1,9 @@
+DATAMETRICS CORP <DMCZ> 1ST QTR JAN 31 NET
+  Shr diluted five cts vs 13 cts
+      Net 278,780 vs 442,532
+      Revs 5,101,747 vs 4,293,393
+      Avg shrs diluted 6,050,968 vs 3,414,145
+      NOTE: Net includes tax credits of 123,500 dlrs vs 179,000
+  dlrs.
+  
+
diff --git a/reuters/training/422 b/reuters/training/422
new file mode 100644
index 0000000000000000000000000000000000000000..22bd410cfed08bf43587325f30e1d63607fd615f
--- /dev/null
+++ b/reuters/training/422
@@ -0,0 +1,20 @@
+STOP AND SHOP COS INC <SHP> 4TH QTR JAN 31 NET
+  Oper shr 1.80 dlrs vs 1.46 dlrs
+      Oper net 25.0 mln vs 20.2 mln
+      Sales 1.09 billion vs 996.4 mln
+      Avg shrs 13.9 mln vs 13.8 mln
+      Year
+      Oper shr 3.20 dlrs vs 2.57 dlrs
+      Oper net 44.4 mln vs 35.4 mln
+      Sales 3.87 billion vs 3.43 billion
+      Avg shrs 13.9 mln vs 13.8 mln
+      NOTES: Operating net excludes losses of 12.1 mln dlrs, or
+  87 cts a share, vs 321,000 dlrs, or two cts a share, in quarter
+  and 6.0 mln dlrs, or 43 cts a share, vs 5.1 mln dlrs, or 37 cts
+  a share, from discontinued operations. This includes provision
+  in latest quarter of 12.2 mln dlrs for closing of Almys
+  Department Store Co.
+      Operating net in latest quarter and year includes 750,000
+  dlrs charge for restructuring announced in early January
+  
+
diff --git a/reuters/training/4220 b/reuters/training/4220
new file mode 100644
index 0000000000000000000000000000000000000000..a6e33bdd2c37abeb2c74bfa67fa468e2a8ca133b
--- /dev/null
+++ b/reuters/training/4220
@@ -0,0 +1,8 @@
+WIENER ENTERPRISES INC <WPB> YEAR JAN 31 NET
+  Shr 60 cts vs 85 cts
+      Qtly div 10 cts vs 10 cts prior
+      Net 1,407,000 vs 1,996,000
+      Sales 75.4 mln vs 58.2 mln
+      NOTE: Dividend pay April 16, record April Nine
+  
+
diff --git a/reuters/training/4223 b/reuters/training/4223
new file mode 100644
index 0000000000000000000000000000000000000000..673a54029e2c83bc26a48bc3e9db2b280d2aed50
--- /dev/null
+++ b/reuters/training/4223
@@ -0,0 +1,52 @@
+K MART <KM> SAYS RECORD 1986 NET "TURNING POINT"
+  K Mart Corp said its record fiscal
+  1986 net earnings of 582.3 mln dlrs, a rise from 221.2 mln dlrs
+  a year ago, marked a "major turning point" for the world's
+  second biggest retailer.
+      K Mart said the earnings rise for the fourth quarter ended
+  January 28 to 285 mln dlrs from 10.5 mln dlrs resulted from 
+  "merchandising, refurbishing and expense control."
+      A year ago, K Mart took a charge of 239 mln dlrs for
+  discontinued operations. Earnings from continuing retail
+  operations in the quarter totalled 270 mln dlrs or 2.00 dlrs a
+  share compared with 249.4 mln dlrs or 1.91 dlrs a year ago.
+      K Mart Chairman Bernard Fauber said "the success of these
+  programs is better illustrated by the strong 35.9 pct increase
+  in 1986 income from continuing operations before income taxes
+  to 1.03 billion dlrs, the first time K Mart Corp has reached
+  this milestone."
+      Sales for the 1986 fiscal year reached a record 23.8
+  billion dlrs, an 8.1 pct rise from 22.04 billion dlrs the prior
+  year. K Mart said 1985 was restated to account for discontinued
+  operations. Comparable store sales rose 5.5 pct in 1986 over
+  1985, it said.
+      Fauber said the sales growth came from greater consumer
+  acceptance of K Mart's apparel merchandise, "a marked increase
+  in hardline merchandise sales and a growing contribution from
+  specialty retailing operations."
+      K Mart said its fourth quarter pre-tax income from
+  continuing operations was 493 mln dlrs, a 32.3 pct gain from
+  372.6 mln dlrs last year. It said sales in the period grew 8.8
+  pct to 7.23 billion dlrs from a restated 6.65 billion dlrs in
+  1985 with comparable store sales up 4.7 pct.
+      K Mart said its effective tax rate rose in 1986 to 44.6 pct
+  from 37.6 pct in 1985. But it said selling, general and
+  administrative expense eased to 23.2 pct of sales from 23.7 pct
+  in 1985.
+      "Our performance in 1986 marks a major turning point for K
+  Mart," Fauber said in a statement.
+      "In the years immediately prior to 1986, we focused on
+  changing the look of our stores and the structure of the
+  company."
+      K Mart, he said, committed billion of dollars for store
+  remodeling and installing a centralized point of sale system,
+  upgraded its merchandise mix, acquired three large specialty
+  retailers, divested underperforming businesses and restructured
+  its long-term debt.
+      "We were forced to pay a temporary price in the form of
+  slower earnings growth and a lower rating by the investment
+  community. However, beginning with the fourth quarter of 1985,
+  our improved performance is proof that our approach is correct
+  for the long term," the K Mart chairman said.
+  
+
diff --git a/reuters/training/4227 b/reuters/training/4227
new file mode 100644
index 0000000000000000000000000000000000000000..de30d6fa0c54850779911b7bbec6eba06ae54cb7
--- /dev/null
+++ b/reuters/training/4227
@@ -0,0 +1,19 @@
+DAINIPPON INK TO INVEST IN QUIXOTE <QUIX>
+  Quixote Corp said Dainippon Ink and
+  Chemicals Inc of Japan will buy 526,315 shares of Quixote
+  common stock, a 6.7 pct stake, for 10 mln dlrs, or 19 dlrs a
+  share.
+      It said the two companies also agreed to share the results
+  of their research and development activities in optical disc
+  technology.
+      Dainippon Inc's optical disc technology focuses on the
+  development of a new Direct-Read-After-Write optical disc and
+  an advanced erasable optical disc.
+      Quixote said its wholly owned subsidiary, LaserVideo Inc,
+  is making advancements in the art of mastering and
+  manufacturing Compact Discs, CD-ROMs and laser-read videodiscs.
+      Quixote said the agreement with Dainippon, which has annual
+  sales of more than two billion dlrs, provides for a Dainippon
+  representative to sit on the LaserVideo board of directors.
+  
+
diff --git a/reuters/training/4228 b/reuters/training/4228
new file mode 100644
index 0000000000000000000000000000000000000000..548309ea0565fb7e0a4ecedd89d4624e7cc11002
--- /dev/null
+++ b/reuters/training/4228
@@ -0,0 +1,6 @@
+CIRCUIT CITY STORES INC <CC> SETS QUARTERLY
+  Qtly div 1-1/2 cts vs 1-1/2 cts prior
+      Pay April 15
+      Record March 30
+  
+
diff --git a/reuters/training/4229 b/reuters/training/4229
new file mode 100644
index 0000000000000000000000000000000000000000..c255b5399e49cdb9696e6b2a0c46eb0f004c09a1
--- /dev/null
+++ b/reuters/training/4229
@@ -0,0 +1,27 @@
+KNOLL TO BUY AMERICAN SAVINGS <AAA> SHARES
+  American Savings and Loan Association of
+  Florida said <Knoll International Holdings Inc> has offered to
+  purchase 500,000 new shares of American Savings for 10 mln
+  dlrs, and the board has accepted Knoll's offer.
+      Knoll already owns 796,413 shares or 9.9 pct of American
+  Savings.
+      American Savings said the purchase will resolve a
+  previously-announced disagreement between American Savings and
+  the Federal Home Loan Bank of Atlanta on the replacement of the
+  capital American Savings used to repurchase common shares in
+  January 1985 from former chairman Marvin L. Warner.
+      It said completion of the transaction would give Knoll 15
+  pct ownership in American Savings.
+      American Savings said Knoll also had talks with chairman of
+  the executive committee Shepard Broad and chairman Morris Broad
+  on the purchase of their American Savings shares as well at 20
+  dlrs each but no agreement was reached.
+      American Savings said The company said Knoll's offer to buy
+  the new shares is not conditioned on other purchase of common
+  stock from any person or entity.
+      It said its previously-announced engagement of Salomon Inc
+  <SB> to evaluate alternatives to enhance shareholder values,
+  including the possible sale of American Savings, is still being
+  actively pursued.
+  
+
diff --git a/reuters/training/423 b/reuters/training/423
new file mode 100644
index 0000000000000000000000000000000000000000..6783186be46eaee5057b5af942981641c07abb75
--- /dev/null
+++ b/reuters/training/423
@@ -0,0 +1,6 @@
+JIM WALTER CORP <JWC> REGULAR DIVIDEND
+  Qtly div 35 cts vs 35 cts in prior qtr
+      Payable April one
+      Record March 14
+  
+
diff --git a/reuters/training/4231 b/reuters/training/4231
new file mode 100644
index 0000000000000000000000000000000000000000..f9c4605b3741d219919c705eb3c08e0112e9575d
--- /dev/null
+++ b/reuters/training/4231
@@ -0,0 +1,14 @@
+IGENE BIOTECHNOLOGY <IGNE> FINDS CROP LOSS AID
+  IGENE Biotechnology Inc said its
+  research teams at Auburn and Hebrew universities have found its
+  patented pesticide is highly effective in combating a disease
+  reponsible for approximately three billion dlrs in annual crop
+  losses.
+      The company said it learned ClandoSan controls nematodes,
+  deadly plant pathogens formerly controlled by now-banned
+  synthetic chemicals.
+      Varieties of the deadly disease attack major cash crops
+  such as cotton, vegetables, orchard trees, citrus fruits, and
+  garden plants, the company said.
+  
+
diff --git a/reuters/training/4232 b/reuters/training/4232
new file mode 100644
index 0000000000000000000000000000000000000000..6cb85fa08d4dbac3366497ea98280e4439c012b4
--- /dev/null
+++ b/reuters/training/4232
@@ -0,0 +1,62 @@
+PHILLIPS <P> TO EMPHASIZE CASH FLOW TO PARE DEBT
+  Phillips Petroleum Co will emphasize
+  improving its short-term cash flow this year to pare its debt,
+  C.J. "Pete" Silas, chairman, told Reuters in an interview.
+      "Our priority is to get cash flow increased from the assets
+  already installed," he said, but he declined to estimate annual
+  cash flow for 1987.
+      Analysts estimate Phillips" cash flow at over one billion
+  dlrs for 1987, while long term debt, which resulted from
+  restructuring to find off corporate raiders in 1985, hovers
+  about 5.9 billion dlrs as of December 1986.
+       Silas said Phillips hope to achieve its goal by raising
+  the capital expenditures budget to develop its oil and gas
+  properties.
+      "We plan to develop the properties with short-term high cash
+  flow prospects," he said. He projected a capital expenditure
+  budget of 730 mln dlrs, up from the 1986 expenditure of 655 mln
+  dlrs.
+      Nearly half of that will be spent on exploration and
+  production, and most of that will be spend overseas, Silas
+  said.
+      "Phillips' top priority in 1987 will be to get the
+  waterflooding in Norway and jack up the (Ekofisk) oil fields to
+  improve our ability to extract oil and increase earnings," Silas
+  said.
+       Phillips estimates that the project, which is expected to
+  cost 1.5 billion dlrs, will increase recovery by 170 mln gross
+  barrels of oil over a period of 24 years.
+      Phillips is also pursue opportunities in China where Silas
+  said he was seeking "a modification of terms with the Chinese
+  government to make oil discoveries (in the offshore Xijang
+  fields) commercially viable."
+      In the U.S. Silas said Phillips hopes to get the Point
+  Arguello, Calif., field started up by the fourth quarter. "We
+  expect to start up the first platform then," Silas said.
+      But emphasis on short-term cash flow has also forced the
+  company to part with several oil and gas assets.
+      Phillips sold its interests in the T-Block in the U.K.
+  North Sea and U.S. reserves totaling about 1.3 billion dlrs in
+  1986 as part of a two billion dlrs asset sales program that is
+  now completed, Silas said.
+       "We sold high cost producing assets. They were not good
+  value for us but possibly so for someone else," Silas said.
+      Silas said the 1986 assets sales will not affect earnings
+  for the company.
+      "Everything we are doing is to manage our cash flow and we
+  are using that to manage our debt. Even the asset sales, while
+  regrettable, were necessary to reduce debt," Silas said.
+      He said no asset sales are planned this year as long as oil
+  prices don't fall sharply lower and stay at lower levels  for
+  several months. "Then, everyone would be looking at sales (of
+  assets), and we're no different from the others," Silas said.
+      In other areas, Silas looks for improved earnings from
+  Phillips chemical operations, which provided 299 mln dlrs in
+  earnings for 1986, up from 219 mln dlrs in 1985.
+      "This was our second best year pushed by a good supply and
+  demand balance for products, low feedstocks and energy costs
+  for our operations," Silas said, "In 1987 we think the market's
+  supply and demand balance will be just as good but feedstock
+  and energy costs will rise due to price recovery."
+  
+
diff --git a/reuters/training/4233 b/reuters/training/4233
new file mode 100644
index 0000000000000000000000000000000000000000..3e278c762840a496d0585bd9615cb0a36b8f6f31
--- /dev/null
+++ b/reuters/training/4233
@@ -0,0 +1,31 @@
+MERRILL LYNCH<MER> CANADA MULLS BUYING BROKER
+  Merrill Lynch Canada Inc, wholly owned
+  by Merrill Lynch and Co, is considering acquiring another
+  Canadian securities company as the result of federal and
+  provincial government moves to lift investment dealer ownership
+  restrictions on June 30, according to a published report.
+      "We're talking to a number of people," Merrill Lynch Canada
+  deputy chairman E. Duff Scott told The Toronto Star. "Whether
+  we're going to do something, I don't know," he said.
+      A Merrill Lynch Canada spokesman declined to comment on the
+  newspaper report when queried.
+      Scott did not disclose which investment dealers Merrill
+  Lynch Canada was considering acquiring, but the Toronto Star
+  quoted unidentified industry sources as saying serious
+  discussions have already been held with Burns Fry Ltd.
+      Burns Fry chairman Jack Lawrence told the newspaper the
+  investment dealer has not made a final decision, but was
+  examining "three or four alternatives."
+      Discussions between brokers about possible mergers is to be
+  expected pending industry deregulation, one investment industry
+  source, who asked not to be named, told Reuters.
+      "It's silly not to take a look (at making a merger or
+  acquisition). If you're a businessman, you have to take a look,"
+  the industry source said.
+      Under federal and provincial government regulations
+  expected to be in place by June 30, banks, trust companies and
+  foreign companies will be allowed to acquire existing
+  investment dealers or establish their own securities
+  subsidiaries.
+  
+
diff --git a/reuters/training/4235 b/reuters/training/4235
new file mode 100644
index 0000000000000000000000000000000000000000..da4dbb76858429ad291e9deaf9dc40abdc02c7aa
--- /dev/null
+++ b/reuters/training/4235
@@ -0,0 +1,11 @@
+MOST AMERICAN AGGREGATES <AMAG> STOCK ACQUIRED
+  <Consolidated Gold Fields
+  PLC>'s ARC America Corp subsidiary said it has acquired
+  7,521,643 American Aggregates Corp shares, about 95 pct of
+  those outstanding, as a result of its tender offer which
+  expired February 27.
+      As soon as is practicable, ARC America will acquire
+  American Aggregates, converting the company's remaining shares
+  into the right to receive 30.625 dlrs a share.
+  
+
diff --git a/reuters/training/4237 b/reuters/training/4237
new file mode 100644
index 0000000000000000000000000000000000000000..3c8d3c92bf88da04d1a9a7abbc0fd68e3b019216
--- /dev/null
+++ b/reuters/training/4237
@@ -0,0 +1,11 @@
+BIOTECH CAPITAL <BITC> TO BUY MAGAZINE
+  Biotech Capital Corp said it agreed to
+  buy High Technology magazine from the Goldhirsh Group of
+  Boston.
+      Terms were not disclosed.
+      The magazine publishes information about emerging
+  technologies and their impact on business. It has a circulation
+  of 200,000 and is the largest of its kind in the world, the
+  company said.
+  
+
diff --git a/reuters/training/4238 b/reuters/training/4238
new file mode 100644
index 0000000000000000000000000000000000000000..6c59e22be7308986f518f6aae64ea280a3d86f26
--- /dev/null
+++ b/reuters/training/4238
@@ -0,0 +1,13 @@
+PAKISTAN'S TRADE DEFICIT NARROWS IN FEBRUARY
+  Pakistan's trade deficit narrowed to
+  2.64 billion rupees (provisional) in February 1987 from 2.85
+  billion (final) in January and compared with 2.94 billion in
+  February 1986, the Federal Bureau of Statistics figures show.
+      Exports fell to 5.04 billion rupees (provisional) in
+  February from 5.34 billion (final) in January and compared with
+  3.90 billion in February 1986.
+      Imports fell to 7.68 billion rupees (provisional) in
+  February from 8.19 billion (final) in January and compared with
+  6.84 billion in February 1986.
+  
+
diff --git a/reuters/training/4239 b/reuters/training/4239
new file mode 100644
index 0000000000000000000000000000000000000000..791a37f3a4a261150808cb9da25384aaaa0f21db
--- /dev/null
+++ b/reuters/training/4239
@@ -0,0 +1,15 @@
+CORRECTED-INSITUFORM OF NORTH AMERICA INC<INSUA>
+  4th qtr
+      Shr nine cts vs four cts
+      Net 658,159 vs 299,930
+      Revs 3,770,341 vs 2,614,224
+      Avg shrs 7,382,802 vs 6,747,442
+      Year
+      Oper shr 33 cts vs 18 cts
+      Oper net 2,287,179 vs 1,045,799
+      Revs 13.1 mln vs 8,577,853
+      Avg shrs 6,874,505 vs 5,951,612
+      NOTE: 1985 year net excludes 13,000 dlr tax credit.
+      Corrects March 11 item to exclude tax credit
+  
+
diff --git a/reuters/training/424 b/reuters/training/424
new file mode 100644
index 0000000000000000000000000000000000000000..f909ff97e8b3b6b78d8884a7812f48f4133afa04
--- /dev/null
+++ b/reuters/training/424
@@ -0,0 +1,14 @@
+DIAGNOSTIC <DRS> MAKES A BID FOR ROSPATCH <RPCH>
+  Diagnostic Retrieval Systems Inc
+  said it has made an offer to acquire, through a wholly owned
+  unit, all outstanding shares of Rospatch Corp's common stock
+  for 22 dlrs a share cash, or about 53 mln dlrs.
+      DRS, a warfare systems producer, said it would make the
+  transaction through a cash tender offer for all, but not less
+  than 51 pct, of Rospatch's outstanding common stock followed by
+  a merger with Rospatch, a labels, high technology and wood
+  producer, at the same purchase price per share.
+      DRS said the deal is subject to approval by the Rospatch
+  board, and the tender offer expires on March 6, 1986.
+  
+
diff --git a/reuters/training/4240 b/reuters/training/4240
new file mode 100644
index 0000000000000000000000000000000000000000..015a57fb1e3fb4d6b4304d7ed2c574d3081581a9
--- /dev/null
+++ b/reuters/training/4240
@@ -0,0 +1,6 @@
+COLGATE-PALMOLIVE CO <CL> SETS QUARTERLY
+  Qtly div 34 cts vs 34 cts prior
+      Pay May 15
+      Record April 24
+  
+
diff --git a/reuters/training/4241 b/reuters/training/4241
new file mode 100644
index 0000000000000000000000000000000000000000..a8f4cb14155d625958be7ee4590eb6531820c9dd
--- /dev/null
+++ b/reuters/training/4241
@@ -0,0 +1,6 @@
+CO-OPERATIVE BANCORP <COBK> RAISES QUARTERLY
+  Qtly div 12-1/2 cts vs 10 cts prior
+      Pay April 15
+      Record March 31
+  
+
diff --git a/reuters/training/4245 b/reuters/training/4245
new file mode 100644
index 0000000000000000000000000000000000000000..9f858dcb439ed08d586279d147647539d8e65027
--- /dev/null
+++ b/reuters/training/4245
@@ -0,0 +1,6 @@
+WILCOX AND GIBBS INC <WG> SETS PAYOUT
+  Semi div 7-1/2 cts vs 7-1/2 cts prior
+      Pay April 30
+      Record March 31
+  
+
diff --git a/reuters/training/4246 b/reuters/training/4246
new file mode 100644
index 0000000000000000000000000000000000000000..e2833f4b1a19af8780656a449f6d3dc7a869ffa8
--- /dev/null
+++ b/reuters/training/4246
@@ -0,0 +1,43 @@
+SAUDI OUTPUT SAID AT YEAR LOW TO HELP OPEC
+  Saudi Arabian oil output has fallen to
+  its lowest level in more than a year, giving fresh evidence of
+  the kingdom's determination to keep oil prices at 18 dlrs a
+  barrel, as agreed by Opec last December, oil industry sources
+  said.
+      They said Saudi output in the first eight days of March
+  averaged 2.6 mln barrels per day (bpd) including oil from the
+  neutral zone shared with Kuwait, compared to a February average
+  of 3.5 mln bpd.
+      They said Saudi Arabia was also selling oil from its crude
+  oil stocks in tankers around the world, which OPEC says must be
+  counted towards a member's production quota. Saudi Arabia's
+  quota is 4.133 mln bpd.
+      The lower production levels indicated Saudi Arabia, the
+  world"s largest oil exporter, was insisting on getting Opec
+  official prices, even at the cost of lower production, the
+  sources said.
+      King Fahd reiterated yesterday, in an interview with
+  Reuters and the television news agency Visnews, the Saudi
+  commitment to OPEC's December pact to boost oil prices to an
+  average 18 dlrs.
+      "Saudi Arabia is completely sticking to OPEC decisions," he
+  said.
+      The sources said the kingdom's exports from Gulf ports
+  averaged one mln bpd during the eight days ending last Sunday,
+  down from a February average of 1.9 mln bpd.
+      They said Saudi Arabia was allowing production to fluctuate
+  with lifting nominations and was not trying to maintain
+  artificially high levels by putting oil into storage.
+      The kingdom's main buyers, the four U.S. Oil firms with
+  past stakes in the national oil company Aramco -- Mobil, Exxon,
+  Texaco and Chevron -- enjoy considerable flexibility in the
+  timing and volume of their liftings but are bound to pay
+  official prices, the sources said.
+      Spot market prices have firmed in the past two weeks but
+  still remain below OPEC levels and major buyers have delayed
+  liftings in the hope they would improve, the sources said.
+      They expected low early March output to pick up towards the
+  end of the month as buyers sought to fulfill their contractual
+  obligations.
+  
+
diff --git a/reuters/training/4249 b/reuters/training/4249
new file mode 100644
index 0000000000000000000000000000000000000000..7f2262556948f5bf5fa709756798dc1549d7a1e8
--- /dev/null
+++ b/reuters/training/4249
@@ -0,0 +1,14 @@
+LEADER <LDCO> BUYS PETROSURANCE STAKE
+  Leader Development Corp said it
+  has purchased 300,000 shares of convertible preferred stock in
+  <Petrosurance Inc> for 1,500,000 dlrs in cash and real estate.
+      Petrosurance specializes in property and casualty insurance
+  for the oil industry.
+      Leader said the stock is convertible into a Petrosurance
+  common. Leader said it already owns 12.5 pct of Petrorusrance
+  and conversion would give it about 45.0 pct.
+      The company said Petrosurance will use the sale proceeds to
+  support growth and improve the structure of its reinsurance
+  treaties to retain a larger part of premiums written.
+  
+
diff --git a/reuters/training/425 b/reuters/training/425
new file mode 100644
index 0000000000000000000000000000000000000000..8711579793e9c37e3ed58d59c62516d655b34e4c
--- /dev/null
+++ b/reuters/training/425
@@ -0,0 +1,14 @@
+RECORD N.Z. FUTURES VOLUMES TRADED IN FEBRUARY
+  The volume of contracts traded on the
+  New Zealand Futures Exchange (NZFE) reached a record 25,559
+  contracts in February, the International Commodities Clearing
+  House (ICCH) said.
+      The previous high was 22,583 contracts in December 1986.
+      The ICCH said the value of the contracts traded in February
+  was 2.90 billion N.Z. Dlrs.
+      The seven contracts currently traded on the NZFE are:
+  five-year government bonds, the share price index, 90-day bank
+  bills, 90-day prime commercial paper, the U.S. Dollar,
+  crossbred wool, and wheat.
+  
+
diff --git a/reuters/training/4253 b/reuters/training/4253
new file mode 100644
index 0000000000000000000000000000000000000000..885773e9986e4a33c8dd8a1fff6cc83d59c84946
--- /dev/null
+++ b/reuters/training/4253
@@ -0,0 +1,6 @@
+FEDERAL REALTY INVESTMENT TRUST <FRT> IN PAYOUT
+  Qtly div 27 cts vs 27 cts prior
+      Pay April 15
+      Record March 25
+  
+
diff --git a/reuters/training/4255 b/reuters/training/4255
new file mode 100644
index 0000000000000000000000000000000000000000..5c54efa357554b06372fd12cbd291b9f10163008
--- /dev/null
+++ b/reuters/training/4255
@@ -0,0 +1,11 @@
+WHITE HOUSE WELCOMES RETAIL SALES FIGURES
+  The White House welcomed the
+  February retail sales figures showing a 4.1 pct rise, following
+  a slow performance in January.
+      Spokesman Marlin Fitzwater told reporters: "The February
+  sales growth was broad-based and good news for the economy."
+      Commerce Department figures showed a larger than expected
+  rise following depressed levels of sales and factory orders in
+  January.
+  
+
diff --git a/reuters/training/4257 b/reuters/training/4257
new file mode 100644
index 0000000000000000000000000000000000000000..2a9b3d565896e03e49a011e64a1ac3a3810cbf94
--- /dev/null
+++ b/reuters/training/4257
@@ -0,0 +1,7 @@
+BEAUTICONTROL COSMETICS INC <BUTI> 1ST QTR NET
+  Qtr ends Feb 28
+      Shr 10 cts vs 17 cts
+      Net 411,275 vs 584,118
+      Revs 4,977,818 vs 4,714,581
+  
+
diff --git a/reuters/training/4258 b/reuters/training/4258
new file mode 100644
index 0000000000000000000000000000000000000000..8cb41c4422cc2ea4b24fc59688560789273fb592
--- /dev/null
+++ b/reuters/training/4258
@@ -0,0 +1,6 @@
+OLD DOMINION SYSTEMS INC <ODSI> 1ST QTR JAN 31
+  Shr loss 11 cts vs profit five cts
+      Net loss 279,726 vs profit 76,591
+      Revs 1,300,000 vs 2,200,000
+  
+
diff --git a/reuters/training/4259 b/reuters/training/4259
new file mode 100644
index 0000000000000000000000000000000000000000..b9c7e34a690fb546db17f249269173b1d884595f
--- /dev/null
+++ b/reuters/training/4259
@@ -0,0 +1,22 @@
+SWEDEN SETS OCTOBER DEADLINE FOR S.AFRICA BOYCOTT
+  Sweden announced its promised program
+  of unilateral economic sanctions against South Africa and gave
+  firms an October deadline to cut trading links.
+      Foreign Trade Minister Anita Gradin said a trade boycott of
+  South Africa and neighbouring Namibia would take effect from
+  July 1, followed by a three-month period of grace to give
+  companies time to wind down their operations.
+      From October 1, no direct trade would be allowed in either
+  direction, with certain exceptions covering medical supplies
+  and printed matter, Gradin told a news conference.
+      She said exceptions would also be granted in cases where a
+  Swedish trade boycott would benefit South African firms and
+  disadvantage South Africa's black-ruled neighbours, the
+  front-line states.
+      Gradin cautioned that legislation upon which the boycott
+  would be based was not impossible to get round. She said a
+  parliamentary committee would investigate ways of closing some
+  of the bigger loopholes, including indirect trade with South
+  Africa via Swedish subsidiaries in third countries.
+  
+
diff --git a/reuters/training/4261 b/reuters/training/4261
new file mode 100644
index 0000000000000000000000000000000000000000..8423ffefe96cf9f986a22ee0565843bcf79fd0ba
--- /dev/null
+++ b/reuters/training/4261
@@ -0,0 +1,8 @@
+FIDELITY NATIONAL FINANCIAL INC <FNF> 1ST QTR
+  Jan 31 end
+      Shr profit 49 cts vs loss not given
+      Net profit 1,360,000 vs loss 241,000
+      Revs 20.8 mln vs 14.3 mln
+      Avg shrs 2,760,000 vs 1,970,000
+  
+
diff --git a/reuters/training/4266 b/reuters/training/4266
new file mode 100644
index 0000000000000000000000000000000000000000..148727c62dc71fb56238eab7618ff55851f94140
--- /dev/null
+++ b/reuters/training/4266
@@ -0,0 +1,45 @@
+BRITISH TELECOM CAUTIOUS ON EARNINGS PROSPECTS
+  British Telecommunications Plc's <BTY.L>
+  profit growth prospects for the coming years will be reduced by
+  increasing competition and continued costs for replacing old
+  telephone systems, deputy chairman Graeme Odgers said.
+      Speaking at a news conference on the third quarter results
+  which were released earlier today, Odgers said the company
+  faced heavy costs for installing new digital telephone systems
+  in Britain for three to five years.
+      He said <Mercury Communications Ltd>, a Cable and Wireless
+  Plc <CAWL.L> subsidiary, was becoming a significant competitor.
+      Odgers said Mercury was seeking to make inroads into some
+  of British Telecom's most profitable areas.
+      One company official privately estimated that British
+  Telecom still had a 99 pct share of the U.K. Telecommunications
+  market but feared that this could slip to 95 or 90 pct.
+      The recent two-and-a-half-week engineering strike, which
+  lead to some disruption in service, could well have encouraged
+  clients to consider using the Mercury system, Odgers said.
+      However, he forecast that the last quarter's results
+  overall should not be adversely affected by the walkout.
+      He calculated salary savings as a result of the strike at
+  50 mln stg and while loss of income on telephone calls should
+  be limited revenue probably dropped on peripheral activities.
+      But on balance Odgers said that group's financial strength,
+  economies of scale and the fact that it operates in a growth
+  industry will help produce annual profit increases for the
+  forseeable future.
+      British Telecom will also seek to expand into
+  manufacturing, he said, adding that research and development
+  expenditure will rise both in terms of value and compared with
+  the current proportion of two pct of overall turnover.
+      Analysts said the company's downbeat forecasts helped
+  shares dip to 242p in mid-afternoon, down 4p from yesterday's
+  close and off an early high of 248p.
+      Philip Augar of stockbrokers Wood Mackenzie and Co Ltd said
+  the market expects slower profit growth, but forecast a seven
+  to eight pct rise in both earnings per share and pretax profit
+  over the next two years. In the 1985/86 financial year, pre-tax
+  profit rose to 1.81 billion stg from 1.48 billion.
+      Augar noted that a government-imposed formula linking
+  charges to inflation meant that the company's scope for raising
+  prices was limited as long as inflation remains low.
+  
+
diff --git a/reuters/training/4267 b/reuters/training/4267
new file mode 100644
index 0000000000000000000000000000000000000000..4b8a3f1794038daed76103e51f702052dba887ad
--- /dev/null
+++ b/reuters/training/4267
@@ -0,0 +1,66 @@
+NO NEAR TERM BRAZIL COFFEE MOVES EXPECTED
+  The Brazilian Coffee Institute,
+  IBC, is unlikely to disclose its future export policy until the
+  end of next week at the earliest, trade sources said.
+      IBC president Jorio Dauster is meeting government
+  ministers, producers, exporters and market analysts to assess
+  Brazil's position in the light of the failure of talks in
+  London earlier this month to set new International Coffee
+  Organization, ICO, export quotas.
+      "The failure of the talks means Brazil has got to rethink
+  its position completely," one Santos exporter said.
+      A meeting of the National Coffee Policy Council is set for
+  Thursday, March 19, and Dauster will almost certainly explain
+  his plan to members then before announcing any new measures.
+      Dauster told reporters on his return from London last week
+  that no decisions would be made on exports before he had held
+  talks with all sectors of the industry.
+      Exporters said Dauster is not under any great pressure to
+  start marketing coffee immediately. World prices have been
+  recovering from the lows which followed the collapse of the ICO
+  talks and Brazil has sold a reasonable 5.5 mln bags of 60 kilos
+  for export in the first four months of this year.
+      The exporters said the key factor in the eventual opening
+  of May and June export registrations will be the amount at
+  which the contribution quota is set.
+      With little expectation of other sales incentive mechanisms
+  such as discounts, bonuses and price fall guarantees being
+  introduced, the level of the quota will be decisive in
+  determining the competitiveness of Brazilian coffee on world
+  markets, they said.
+      They noted that on February 16, the eve of a planned
+  increase in the quota, April registrations were opened and
+  closed after 1.68 mln bags were registered for export, a record
+  amount for a single day.
+      If May/June registrations are opened under similar
+  conditions as before, Brazil would have no difficulty in
+  selling at least 2.0 mln bags per month.
+      "The problem would be how to limit sales," one exporter said.
+      Brazil's present foreign trade and payments problems mean
+  there are pressures from the government to boost exports to
+  maximise foreign exchange earnings.
+      However, the sources said they expect the IBC to adopt a
+  marketing strategy aimed at regaining Brazil's dominant
+  position as an exporter, but without causing a price war.
+      General opinion among exporters was that Brazil would plan
+  to export between 17 and 18 mln bags this year of which between
+  1.5 and 2.0 mln would be to non-members of the ICO.
+      The 15.5 mln to 16 mln bags sold to members would be around
+  the figure Brazil had offered to ship if ICO quotas were
+  reintroduced, although Dauster has said this offer expired with
+  the breakdown of talks.
+      With the prospects of a crop of at least 28 mln bags this
+  year, Brazil has the capacity to export up to 20 mln bags after
+  meeting local consumption of around 7.0 mln, the sources added.
+      However, the sources said Brazil is unlikely even to
+  consider exporting such quantities, as this would almost
+  inevitably lead to a fall in world prices as Brazil tried to
+  encroach on other producers' markets.
+      Maximum export earnings would be achieved by orderly
+  marketing of traditional amounts, thus re-establishing Brazil's
+  market share after last year's unusually low exports of 9.9 mln
+  bags, enabling it to rebuild stocks and maintaining cordial
+  relations with the producer group which backed Brazil's stance
+  at the ICO talks, they added.
+  
+
diff --git a/reuters/training/4273 b/reuters/training/4273
new file mode 100644
index 0000000000000000000000000000000000000000..529362f9a9a727dad96937df1d49c30255d18ac7
--- /dev/null
+++ b/reuters/training/4273
@@ -0,0 +1,10 @@
+TENNEY ENGINEERING INC <TNY> 4TH QTR NET
+  Shr two cts vs nine cts
+      Net 86,469 vs 325,937
+      Revs 5,119,637 vs 6,390,995
+      12 mths
+      Shr 10 cts vs 33 cts
+      Net 354,820 vs 1,148,476
+      Revs 21.2 mln vs 23.2 mln
+  
+
diff --git a/reuters/training/4275 b/reuters/training/4275
new file mode 100644
index 0000000000000000000000000000000000000000..70d554aacbf869f4f91d1782937d26abca89aded
--- /dev/null
+++ b/reuters/training/4275
@@ -0,0 +1,14 @@
+FED NOT EXPECTED TO ADD RESERVES
+  The Federal Reserve is not expected to
+  intervene in the government securities market today, several
+  economists said.
+      They said the Fed does not have a much of an adding need
+  this week and may wait until tomorrow or Monday before
+  supplying reserves.
+      But a few economists said there was an outside chance that
+  the Fed may inject reserves indirectly via a small round of
+  customer repurchase agreements.
+      Federal funds hovered at 6-1/8 pct this morning after
+  averaging 6.32 pct yesterday.
+  
+
diff --git a/reuters/training/4276 b/reuters/training/4276
new file mode 100644
index 0000000000000000000000000000000000000000..68b8dffea50778e958ee9a42e856f4ae47c09b66
--- /dev/null
+++ b/reuters/training/4276
@@ -0,0 +1,10 @@
+MODERN CONTROLS INC <MOCON> 4TH QTR NET
+  Shr 10 cts vs 11 cts
+      Net 226,000 vs 236,000
+      Sales 1.3 mln vs 1.5 mln
+      Year
+      Shr 38 cts vs 45 cts
+      Net 819,000 vs 1,001,000
+      Sales 5.8 mln vs 6.4 mln
+  
+
diff --git a/reuters/training/4277 b/reuters/training/4277
new file mode 100644
index 0000000000000000000000000000000000000000..2f616cf8dc021304d7a2a8980cb2cc036c5aaf3b
--- /dev/null
+++ b/reuters/training/4277
@@ -0,0 +1,29 @@
+INSTINET <INET> SETS MEETING ON MERGER
+  Instinet Corp said its board has
+  scheduled a special shareholders' meeting for May 21 to vote on
+  its proposed merger into Reuters Holdings PLC <RTRSY>.
+      It said shareholders of record as of April 10 will be
+  eligible to vote at the meeting.
+      Instinet said the meeting date is subject to adjustment,
+  based on the length of time needed for the U.S. Securities and
+  Exchange Commission to complete its review of the filing of
+  merger proxy materials, which Instinet expects to make before
+  the end of March.
+      Instinet said the filing of the preliminary merger proxy
+  materials is tied to the finalization of audited financial
+  statements of Instinet and Reuters for 1986.
+      Under a merger agreement entered into in November, Reuters
+  tendered for up to 5.10 mln Instinet common shares, or about 45
+  pct of those not already owned by Reuters. As a result of the
+  tender, Reuters now owns about 49 pct of Instinet shares.
+      In the merger, holders of remaining Instinet shares will
+  receive 8.50 dlrs of Reuters American Depositary Shares for
+  each Instinet share.
+      The ADS's will be valued at the average of their closing
+  prices in the 10 trading days before the effective date of the
+  merger.
+      Instinet said it expects the merger to become effective as
+  soon as possible after shareholder approval at the special
+  meeting.
+  
+
diff --git a/reuters/training/4278 b/reuters/training/4278
new file mode 100644
index 0000000000000000000000000000000000000000..ea605c1dac0fbbf588c34ce3a42254cb03fd7d03
--- /dev/null
+++ b/reuters/training/4278
@@ -0,0 +1,5 @@
+EC GRANTS 5,000 TONNES SOFT WHEAT EXPORT  LICENCES AT 134.75 ECU REBATE - BRUSSELS TRADE
+
+  EC GRANTS 5,000 TONNES SOFT WHEAT EXPORT  LICENCES AT 134.75 ECU REBATE - BRUSSELS TRADE
+  
+
diff --git a/reuters/training/4279 b/reuters/training/4279
new file mode 100644
index 0000000000000000000000000000000000000000..68b0c83e0dab2f2c640157dbfd7a549b3b0a18dd
--- /dev/null
+++ b/reuters/training/4279
@@ -0,0 +1,5 @@
+DAYTON HUDSON CORP 4TH QTR OPER SHR 1.24 DLRS VS 1.55 DLRS
+
+  DAYTON HUDSON CORP 4TH QTR OPER SHR 1.24 DLRS VS 1.55 DLRS
+  
+
diff --git a/reuters/training/4280 b/reuters/training/4280
new file mode 100644
index 0000000000000000000000000000000000000000..73d3edfc35415010051f25814d843b20685f79cb
--- /dev/null
+++ b/reuters/training/4280
@@ -0,0 +1,5 @@
+EC GRANTS LICENCES FOR 35,000 TONNES  BARLEY AT 137.35 ECUS REBATE - BRUSSELS TRADE
+
+  EC GRANTS LICENCES FOR 35,000 TONNES  BARLEY AT 137.35 ECUS REBATE - BRUSSELS TRADE
+  
+
diff --git a/reuters/training/4281 b/reuters/training/4281
new file mode 100644
index 0000000000000000000000000000000000000000..fc996a2f93b8b8b0d7d4796ee861641a350c457d
--- /dev/null
+++ b/reuters/training/4281
@@ -0,0 +1,5 @@
+UNION PACIFIC SAYS WILL SIGN PACT IN CARACAS ON MARCH 17 FOR SALE OF HALF ITS CORPUS CHRISTI REFINERY
+
+  UNION PACIFIC SAYS WILL SIGN PACT IN CARACAS ON MARCH 17 FOR SALE OF HALF ITS CORPUS CHRISTI REFINERY
+  
+
diff --git a/reuters/training/4282 b/reuters/training/4282
new file mode 100644
index 0000000000000000000000000000000000000000..3ba73d3f80d20b59650bb8dd94fc9e745c98f30d
--- /dev/null
+++ b/reuters/training/4282
@@ -0,0 +1,5 @@
+CYACQ OFFERS TO RAISE CYCLOPS BUYOUT TO 92.50 DLRS/SHR FROM 80 DLRS
+
+  CYACQ OFFERS TO RAISE CYCLOPS BUYOUT TO 92.50 DLRS/SHR FROM 80 DLRS
+  
+
diff --git a/reuters/training/4284 b/reuters/training/4284
new file mode 100644
index 0000000000000000000000000000000000000000..76e1647c2fa13bdf3ac0317c9c46049fac183e95
--- /dev/null
+++ b/reuters/training/4284
@@ -0,0 +1,5 @@
+WASTE MANAGEMENT SAYS WAITING PERIOD ENDS ON ITS CHEMLAWN BID 
+
+  WASTE MANAGEMENT SAYS WAITING PERIOD ENDS ON ITS CHEMLAWN BID 
+  
+
diff --git a/reuters/training/4285 b/reuters/training/4285
new file mode 100644
index 0000000000000000000000000000000000000000..65e45a956cfb0ea483144ea58de20c137a72ce4d
--- /dev/null
+++ b/reuters/training/4285
@@ -0,0 +1,6 @@
+PETRIE STORES CORP <PST> REGULAR PAYOUT
+  Qtrly div 17.5 cts vs 17.5 cts prior
+      Pay April 20
+      Record April 2
+  
+
diff --git a/reuters/training/4286 b/reuters/training/4286
new file mode 100644
index 0000000000000000000000000000000000000000..1f3ca465c730b66a47fba7e2be90def6f3f3b614
--- /dev/null
+++ b/reuters/training/4286
@@ -0,0 +1,16 @@
+UNILEVER FRAGRANCE UNIT HAS LOWER 1986 EARNINGS
+  The flavours and
+  fragrances firm <Naarden International N.V.>, acquired by
+  Anglo-Dutch food and detergents group Unilever Plc N.V. <UN.AS>
+  last year, said net profits for 1986 fell 11.4 pct to 19.5 mln
+  guilders.
+      Naarden said earnings were hit by the fall in the value of
+  both the dollar and sterling, noting the figure was in line
+  with prior expectations. Net profit was 22.0 mln guilders in
+  1985.
+      Earnings per share fell to 4.64 guilders from 5.48 in 1985
+  on turnover of 627.8 mln, down from 662.6 mln. Naarden set a
+  cash dividend of 1.80 guilders, unchanged from last year but
+  without last year's share option for payment.
+  
+
diff --git a/reuters/training/4288 b/reuters/training/4288
new file mode 100644
index 0000000000000000000000000000000000000000..d286d8941cfd01106fd59cf8c8e86dda81b9dc97
--- /dev/null
+++ b/reuters/training/4288
@@ -0,0 +1,7 @@
+EAGLE-PITCHER INDUSTRIES INC <EPI> 1ST QTR NET
+  Shr 81 cts vs 81 cts
+      Net 8,750,024 vs 7,772,932
+      Revs 157.6 mln vs 162.4 mln
+      Avg shrs 10.8 mln vs 9.6 mln
+  
+
diff --git a/reuters/training/4289 b/reuters/training/4289
new file mode 100644
index 0000000000000000000000000000000000000000..8be8c8498aeee2f515fcb16c8d07964e815d6aa5
--- /dev/null
+++ b/reuters/training/4289
@@ -0,0 +1,40 @@
+PORTUGAL GRAIN AGENCY BARRED FROM IMPORT TENDERS
+  A Portuguese court has made a
+  preliminary ruling that the state grain buying agency EPAC
+  should not be allowed to take part in public import tenders
+  open to private importers, grain traders and officials said.
+      Under the terms of Portugal's January 1986 accession to the
+  European Community, EC, a grain import monopoly held by EPAC
+  (Empresa Publica de Abastecimento de Cereais) is being reduced
+  by 20 pct annually until all imports are liberalised in 1990.
+      Private traders protested last year that EPAC was being
+  permitted to take part in tenders open to them for the first
+  liberalised 20 pct share of the country's annual import needs.
+  The grain and oilseed importers association ACICO opened legal
+  proceedings to stop EPAC participating in the public tenders.
+      Miguel Ascensao of ACICO told Reuters that Lisbon's civil
+  court, in a preliminary ruling, had decided EPAC should not be
+  allowed to take part in tenders open to private traders.
+      Trade sources said the ruling, though effective
+  immediately, was subject to appeal and would have to be
+  confirmed in further proceedings.
+      A member of the government Cereals Market Commission said
+  that, as a result of the court's decision, the Commission would
+  not be able to accept offers from EPAC in a public tender being
+  held today for the import of 80,000 tonnes of corn.
+      Ascensao said the court ruling stated that EPAC's
+  participation in the public tenders violated the clauses of
+  Portugal's EC accession treaty dealing with the gradual
+  dismantling of the state agency's import monopoly.
+      It also said the participation of EPAC, which still
+  controls the national grain storage and distribution network,
+  was unfair competition to the private traders.
+      Traders said they believed the EC's Executive Commission
+  was unlikely to get involved in the dispute, preferring to
+  leave the case to be resolved as an internal Portuguese issue.
+      "They (the EC Commission) will be keeping a low profile," one
+  trader said.
+      ACICO says it is ready to take its case to Brussels if
+  necessary.
+  
+
diff --git a/reuters/training/4290 b/reuters/training/4290
new file mode 100644
index 0000000000000000000000000000000000000000..878484adacfb7903a514f60a90b19ef51c4a0ad0
--- /dev/null
+++ b/reuters/training/4290
@@ -0,0 +1,87 @@
+U.S. RETAIL SALES RISE MASKS WEAK TREND - ANALYSTS
+  U.S. retail sales rose sharply in
+  February but many economists said the underlying consumer
+  spending trend remains weak.
+      February retail sales jumped 4.1 pct, more than the 2.5-3.0
+  pct rise the financial markets had anticipated. But January's
+  sales were revised down to a 7.4 pct drop, from a previously
+  reported 5.8 pct decline.
+      "The trend is toward continued spending but certainly at a
+  much more sluggish pace," said Don Maude of Midland Montagu
+  Capital Markets Inc.
+      Maude averaged out the wide swings in the retail sales data
+  over past four months to show that the pace of consumer
+  spending is slowing.
+      Combining the latest data with a 0.6 pct drop in November
+  and a 4.6 pct gain in December, the average retail sales gain
+  over the four months was 0.2 pct, he said, compared to to a 0.4
+  pct rise for year-over-year sales through February.
+      "You can see a pattern developing," Maude said. "I wouldn't
+  be surprised to see a fall-off in March, especially since sales
+  probably won't be boosted by auto sales as they were in
+  February."
+      Despite the weak underlying trend, economists were
+  impressed by a robust 1.5 pct gain in total sales excluding
+  autos in February. This compared to a revised 0.4 pct decline
+  in January, previously reported as a 0.1 pct decline.
+      "The increase in non-auto sales was broadbased, with gains
+  in durable goods as well as non-durables," noted Ward McCarthy
+  of Merrill Lynch Capital Markets Inc. "It was a pretty healthy
+  report."
+      He noted that building materials rose 1.8 pct in February
+  after falling 1.7 pct in January. General merchandise store
+  sales gained 1.4 pct after a 1.6 pct rise in January.
+      "There are signs of life in the economy," McCarthy said.
+  "But it's jumping to conclusions to extrapolate this report
+  into the future." 
+      A 0.7 pct increase in disposable personal income in January
+  which may be linked to the new tax laws probably helped boost
+  spending in February, he said.
+      "A lot of people may be inadvertently under-withholding
+  taxes from their paychecks," he said. "When people in this
+  country get an increase in disposable income, the inclination
+  is to go out and spend it," he said.
+      Economists said tomorrow's release of U.S. auto sales for
+  the first 10 days of March will be an important indicator of
+  how much this sector will add to first quarter spending.
+       Auto sales accounted for the lion's share of total
+  February sales, rising 14.4 pct. This followed a 27.7 pct drop
+  in January, previously reported as a 22.4 pct fall, due largely
+  to the expiration of the sales tax deduction under new tax laws
+  January 1, the Commerce Department noted.
+      Some economists argued that the because the gain in total
+  sales excluding autos also followed a decline in January, the
+  strength in the February report is less than impressive.
+      "There is strength in the February data, but that's because
+  they were compared to low sales levels in January," said said
+  Beth Reiners of Dean Witter Reynolds Inc. "We don't see it as a
+  precursor of continued strength."
+      Durable goods sales rose 8.8 pct in February, after falling
+  17.7 pct in January. February non-durable goods sales gained
+  1.3 pct, after declining 0.2 pct in January.
+      Gasoline service station sales rose two pct in February,
+  following a 1.9 pct gain in January, but economists said higher
+  oil prices rather than an increased volume of gas sales
+  probably accounted for these gains.
+      Reiners also emphasized that the trend in consumer spending
+  is weakening. Total retail sales on average were 123 billion
+  dlrs in the fourth quarter of 1986, she said. In January, they
+  fell to a seasonally adjusted 117.52 bilion dlrs, and in
+  February rose to 122.29 billion dlrs.
+      "On average, it looks like they'll total 120 to 121 mln
+  dlrs in the first quartrer," she said. "We don't look at this
+  as indication that the economy is barrelling along."
+      "The number is not really that problematic for those of us
+  who are constructive on the bond market," agreed Elliot Platt
+  of Donaldsen Lufkin and Jenrette Securities Corp.
+      Platt does not foresee potential for tighter monetary
+  policy on the basis of the latest retail sales report.
+      "The Fed is on hold now because the data have been so
+  confusing," he said.
+      "Before the 337,000 gain in February non-farm payroll
+  employment, I would have looked for a discount rate cut in
+  March," he said. "But now Fed officials will have to wait for
+  the first quarter real U.S. gross national product data in
+  April to sort things out."
+  
+
diff --git a/reuters/training/4291 b/reuters/training/4291
new file mode 100644
index 0000000000000000000000000000000000000000..d1370412129f540172db98cc7a1a22cd1750b7df
--- /dev/null
+++ b/reuters/training/4291
@@ -0,0 +1,29 @@
+MAGMA <MGCPV> SEES PROFITABLE COPPER PRODUCTION
+  Newmont Mining Corp <NEM> said Magma
+  Copper Co anticipates being able to produce copper at a profit
+  by 1991, assuming copper prices remain at their current levels.
+      In an information statement distributed to Newmont
+  shareholders explaining the dividend of Magma shares declared
+  Tuesday, Newmont said Magma had a net loss of 46.6 mln dlrs in
+  1986, adding this was equal to 1.22 cts a share.
+      Newmont holders will receive 80 pct of Magma's stock as a
+  dividend of one share for each of the 30,458,000 Newmont shares
+  now held. Newmont will retain 15 pct of the stock.
+      The 1986 net loss was on a pro forma basis, Newmont said.
+  On a historical basis, it added, Magma had a 1986 net loss of
+  58.1 mln dlrs on a loss from operations of 42.3 mln dlrs.
+      On Dec 31, 1986, Newmont said, Magma had about 85.0 mln
+  dlrs of net operating loss carryforwards expiring in 1999-2000
+  and about 4.0 mln dlrs of investment tax credit carryover
+  expiring in 2000-2001.
+      Newmont said Magma has pre-tax losses of 290 mln dlrs
+  during the 1981 through 1985 period, noting the five major U.S.
+  primary copper producers reported aggregate pre-tax losses of
+  1.9 billion dlrs during five year period.
+      Newmont said Magma had total sales of 347.3 mln dlrs last
+  year, including copper sales of 293.4 mln dlrs.
+      It said the copper sales value was up from 267.6 mln dlrs
+  in 1985 reflecting a 10.1 pct increase in quantity sold to
+  212,000 short tons and a 0.4 pct decrease in price.
+  
+
diff --git a/reuters/training/4292 b/reuters/training/4292
new file mode 100644
index 0000000000000000000000000000000000000000..74590c267e3ef2dc78b2e82a2c87a7d2c035cc3c
--- /dev/null
+++ b/reuters/training/4292
@@ -0,0 +1,14 @@
+RPT-INSITUFORM OF NORTH AMERICA INC <INSUA> NET
+  4th qtr
+      Shr nine cts vs four cts
+      Net 658,159 vs 299,930
+      Revs 3,770,341 vs 2,614,224
+      Avg shrs 7,382,802 vs 6,747,442
+      Year
+      Oper shr 33 cts vs 18 cts
+      Oper net 2,287,179 vs 1,045,799
+      Revs 13.1 mln vs 8,577,853
+      Avg shrs 6,874,505 vs 5,951,612
+      NOTE: 1985 year net excludes 131,000 dlr tax credit.
+  
+
diff --git a/reuters/training/4293 b/reuters/training/4293
new file mode 100644
index 0000000000000000000000000000000000000000..608892eba8069a37a4120edcf11ce2db8e31a392
--- /dev/null
+++ b/reuters/training/4293
@@ -0,0 +1,5 @@
+FED SAYS IT SETS TWO BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
+
+  FED SAYS IT SETS TWO BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
+  
+
diff --git a/reuters/training/4296 b/reuters/training/4296
new file mode 100644
index 0000000000000000000000000000000000000000..0c2d7c26372668b96456a68d823a2ac83bc86499
--- /dev/null
+++ b/reuters/training/4296
@@ -0,0 +1,14 @@
+EC COMMISSION GRANTS EXPORT LICENCES - TRADE
+  The European Community's, EC, cereal
+  management committee granted export licences for 5,000 tonnes
+  of quality soft bread-making wheat at a maximum export rebate
+  of 134.75 European currency units, Ecus, per tonne, traders
+  said.
+      The committee also granted export certificates of 35,000
+  tonnes of barley at 137.35 Ecus per tonne, but rejected all
+  bids for the export of soft feed wheat, they said.
+      Certificates were also granted for the export of 15,000
+  tonnes of maize at a maximum rebate of 132.90 Ecus per tonne,
+  the traders said.
+  
+
diff --git a/reuters/training/4297 b/reuters/training/4297
new file mode 100644
index 0000000000000000000000000000000000000000..38578ad7a9defab0e10ac30fde5f808140317260
--- /dev/null
+++ b/reuters/training/4297
@@ -0,0 +1,33 @@
+GERMAN BANKS SAY UNCERTAINTY ABOUT ECONOMY GROWING
+  Uncertainty is growing about the prospects
+  for the economy as orders for industry fall and companies scale
+  back investment plans, the German Savings Banks and Giro
+  Association said.
+      Exporters expect foreign demand to remain weak, while
+  industry is less optimistic than it was, the association said
+  in a report.
+      However, last month's agreement among the six leading
+  western industrialized countries to keep currencies around
+  present levels was expected to be a stabilizing influence for
+  exporters, it added.
+      The banking association said the possibility of using
+  monetary policy to stimulate the economy should not be
+  overestimated.
+      Another small drop in already low interest rates could not
+  be expected to cause any significant rise in purchases of
+  consumer or capital goods, it said.
+      The Bundesbank's half-point cuts in the discount and
+  Lombard rates in January have largely exhausted the scope for
+  any further monetary moves, the association added.
+      On Tuesday the Federal Statistics Office said gross
+  national product stagnated in real, seasonally and calendar
+  adjusted terms in the fourth quarter of 1986 compared with the
+  third quarter.
+      The Economics Ministry, commenting on the figures, said GNP
+  in the 1987 first quarter was also expected to be relatively
+  weak.
+      Bank economists have forecast the economy will either
+  stagnate or contract slightly in the first quarter. Official
+  first-quarter figures are due in early June.
+  
+
diff --git a/reuters/training/4298 b/reuters/training/4298
new file mode 100644
index 0000000000000000000000000000000000000000..79a2d4b49a8c2c521927006b71ebb877db91f355
--- /dev/null
+++ b/reuters/training/4298
@@ -0,0 +1,9 @@
+FED ADDS RESERVES VIA CUSTOMER REPURCHASES
+  The Federal Reserve entered the U.S.
+  Government securities market to arrange two billion dlrs of
+  customer repurchase agreements, a spokeswoman said.
+      Dealers said Federal funds were trading at 6-1/8 pct when
+  the Fed began its temporary and indirect supply of reserves to
+  the banking system.
+  
+
diff --git a/reuters/training/4301 b/reuters/training/4301
new file mode 100644
index 0000000000000000000000000000000000000000..49ed755b340811ca76bc0efa0851a52f7c393886
--- /dev/null
+++ b/reuters/training/4301
@@ -0,0 +1,12 @@
+WAITING PERIOD ENDS ON WASTE MANAGEMENT<WMX> BID
+  Waste Management Inc said it
+  received notice of early termination of the Hart-Scott-Rodino
+  waiting period for its 270 mln dlr takeover bid for Chemlawn
+  Corp <CHEM>.
+      The waiting period was terminated March 11, Waste
+  Management said.
+      Chemlawn has rejected Waste Management's 27 dlrs a share
+  bid. It has said it was talking with other parties about
+  selling its business.
+  
+
diff --git a/reuters/training/4302 b/reuters/training/4302
new file mode 100644
index 0000000000000000000000000000000000000000..3420e0fb327e15f714090067272b67a7abd631af
--- /dev/null
+++ b/reuters/training/4302
@@ -0,0 +1,6 @@
+ASA LTD <ASA> 1ST QTR FEB 28 NET
+  Shr 1.42 dlrs vs 1.61 dlrs
+      Net 13.6 mln vs 15.5 mln
+      NOTE: Net asset value per share 77.72 dlrs vs 54.35 dlrs.
+  
+
diff --git a/reuters/training/4303 b/reuters/training/4303
new file mode 100644
index 0000000000000000000000000000000000000000..9f45ea0284cd7fafd7494764df3649ba411a965a
--- /dev/null
+++ b/reuters/training/4303
@@ -0,0 +1,48 @@
+INVESTORS TO RAISE CYCLOPS <CYL> TENDER PRICE
+  Cyacq Corp, an investor group
+  bidding for Cyclops Corp, said it would raise its outstanding
+  tender offer price for Cyclops common to 92.50 dlrs a share
+  from 80 dlrs, if certain conditions were met.
+      The increased offer would exceed the 90.25 dlrs a share
+  price offered by Dixons Group PLC in a tender offer for Cyclops
+  that is part of a definitive agreement to acquire the
+  Pittsburgh-based maker of carbon tool and specialty steel
+  products.
+      Cyacq includes Audio/Video Affiliates Inc and Citicorp
+  Capital Investors Ltd and other investors.
+      Cyclops has about 4.1 mln shares outstanding.
+      For the tender price to be raised, Cyclops must provide
+  Cyacq with all non-public information provided to Dixons Group
+  and Cyacq must be satisfied with financial projections made in
+  offering material by Dixons based on the information, Cyacq
+  said.
+      Additionally, Dixon Group's rights to buy Cyclops common
+  and its rights to fees or expenses if the Dixon-Cyclop merger
+  agreement is broken must be rescinded, Cyacq said.
+      Cyacq said financial projections it developed for Cyclops
+  were materially lower than the financial projections provided
+  by Cyclops to Dixons Group.
+      A Cyclops spokeswoman said the company had no details of
+  the new Cyacq proposal and could not comment. "We have nothing
+  in hand," she said.
+      In addition to making specialty metal products, Cyclops
+  also operates about 115 specialty stores that sell consumer
+  electronics products. The stores are located in 17 states
+  concentrated in the Northeast, Northwest and Southwest.
+      Cyclops employs about 8,900 people in Pennsylvania, Ohio
+  and other states. It also has interests in non-residential
+  construction.
+      In 1986, Cyclops earned 21.3 mln dlrs or 5.26 dlrs a share
+  on sales of 1.5 billion dlrs, compared to 1985 earnings of 26.2
+  mln dlrs or 6.20 dlrs on sales of 1.4 billion, the spokeswoman
+  said.
+      The agreement with Dixons Group calls for Cyclops's steel
+  and construction businesses to be sold to a unit of Alleghany
+  Corp <Y> for about 110 mln dlrs once the merger is completed.
+      A Cyacq spokesman said the new conditional tender price
+  would be all cash. He had no comment on whether Cyacq plans to
+  withdraw its current offer, which is scheduled to expire
+  midnight on March six.
+      Dixon Group's offer extends to March 17.
+  
+
diff --git a/reuters/training/4304 b/reuters/training/4304
new file mode 100644
index 0000000000000000000000000000000000000000..d302ab68748db44d05781dbc74dc91ab0b2cd5d3
--- /dev/null
+++ b/reuters/training/4304
@@ -0,0 +1,20 @@
+DAYTON HUDSON CORP<DH> 4TH QTR JAN 31 OPER NET
+  Oper shr 1.24 dlrs vs 1.55 dlrs
+      Oper net 120,800,000 vs 150,100,000
+      Revs 3.12 billion vs 2.74 billion
+      Year
+      Oper shr 2.62 dlrs vs 2.89 dlrs
+      Oper net 255,000,000 vs 280,500,000
+      Revs 9.26 billion vs 8.26 billion
+      NOTE: 1986 period ended February One
+      NOTE: Results exclude earnings from discontinued operations
+  of 9.0 mln dlrs, or nine cts a share vs 3.2 mln dlrs, or three
+  cts a share in the quarter and 2.1 mln dlrs, or two cts a share
+  vs 3.1 mln dlrs, or three cts a share for the year
+      1987 earnings exclude gain on sale of B. Dalton Bookseller
+  of 85.2 mln dlrs, or 88 cts a share in each period
+      1987 earnings exclude extraordinary charge from purchase
+  and redemption of debt of 12.6 mln dlrs, or 13 cts a share in
+  the quarter and 32.3 mln dlrs, or 33 cts a share for the year
+  
+
diff --git a/reuters/training/4305 b/reuters/training/4305
new file mode 100644
index 0000000000000000000000000000000000000000..7598671b3a1db1ad963a86ad0bd7c2a9df2440ec
--- /dev/null
+++ b/reuters/training/4305
@@ -0,0 +1,8 @@
+INDIA BUYS RBD PALM OLEIN AT TENDER
+  The Indian State Trading Corp bought
+  one, or possibly two, 6,000 tonne cargoes of Malaysian refined
+  bleached deodorised palm olein at its vegetable oil import
+  tender today for Mar 15/Apr 15 shipment at 355 dlrs per tonne
+  cif, traders said.
+  
+
diff --git a/reuters/training/4306 b/reuters/training/4306
new file mode 100644
index 0000000000000000000000000000000000000000..64b7b3f8dea6b07ded6ab2d28a0db6222b978a9d
--- /dev/null
+++ b/reuters/training/4306
@@ -0,0 +1,9 @@
+SPANISH UNEMPLOYMENT RISES IN FEBRUARY
+  The number of Spanish registered
+  unemployed rose by 15,608 to 2.98 mln or 21.5 pct of the
+  workforce in January in the sixth consecutive monthly increase,
+  the Labour Ministry said.
+      Registered unemployed totalled 2.81 mln or 21.1 pct of the
+  workforce in February 1986.
+  
+
diff --git a/reuters/training/4307 b/reuters/training/4307
new file mode 100644
index 0000000000000000000000000000000000000000..c4f56203510b10c08cd8353fece4e853e48305c4
--- /dev/null
+++ b/reuters/training/4307
@@ -0,0 +1,16 @@
+VSE CORP <VSEC> 4TH QTR NET
+  Shr 49 cts vs 39 cts
+      Net 886,937 vs 892,323
+      Revs 25.9 mln vs 23.7 mln
+      Year
+      Shr 1.78 dlr vs 1.34 dlr
+      Net 3,254,301 vs 2,472,676
+      Revs 100.6 mln vs 87.4 mln
+      NOTE: 1986 4th qtr and year net includes income loss of
+  MetCap subsidiary of 14,881 dlrs and 311,848 dlrs or 17 cts per
+  share, respectively.
+      1985 4th qtr and year net includes loss in MetCap unit of
+  108,598 dlrs and 298,412 dlrs or 16 cts per share,
+  respectively.
+  
+
diff --git a/reuters/training/4310 b/reuters/training/4310
new file mode 100644
index 0000000000000000000000000000000000000000..4d8ae4d5a39c7c8dd4742e1e4e50abec7914808c
--- /dev/null
+++ b/reuters/training/4310
@@ -0,0 +1,32 @@
+SECURITY PACIFIC <SPC> BUYS ORBANCO <ORBN>
+  Security Pacific Corp said it
+  completed its previously announced acquisition of Orbanco
+  Financial Services Corp after receiving federal approval of the
+  deal.
+      Security Pacific said the Federal Reserve Board approved on
+  Wednesday its purchase of the Portland, Ore.-based bank holding
+  company and financial services concern.
+      The purchase of Orbanco, for about 47 mln dlrs in cash and
+  common stock, will be effective in 30 days, a Security Pacific
+  spokeswoman said.
+      Terms call for each share of Orbanco common stock to be
+  exchanged for about 14 dlrs of Security Pacific common stock,
+  plus 1.50 dlrs cash.
+      Each share of Orbanco's 100-dlr par value preferred stock
+  will be exchanged for 100 dlrs cash, plus accrued dividends.
+      Orbanco, with one billion dlrs in assests, is the holding
+  company for the Oregon Bank, Orbanco Real Estate Service Co,
+  American Data Service Inc and Orbanco Securities Corp.
+      Security Pacific now has four major regional bank purchases
+  outside California completed or pending.
+      Security Pacific bought The Arizona Bank, with assets of
+  four billion dlrs, in the fourth quarter of 1986.
+      Pending approval currently is the purchase of Rainier
+  Bancorporation <RBAN>, with assets of 9.2 billion dlrs. In
+  anticipation of legislative changes that take effect in 1989,
+  Security Pacific has also negotiated the future purchase of The
+  Nevada Bank, with assets of 615 mln dlrs.
+      Security Pacific is the sixth largest U.S. bank holding
+  company, with assets of about 61.60 billion dlrs.
+  
+
diff --git a/reuters/training/4313 b/reuters/training/4313
new file mode 100644
index 0000000000000000000000000000000000000000..9547b31e832c0ce9184972f04f8d3d7b8b30d7cc
--- /dev/null
+++ b/reuters/training/4313
@@ -0,0 +1,12 @@
+DRANETZ TECHNOLOGIES INC <DRAN> YEAR DEC 31 NET
+  Shr 46 cts vs 77 cts
+      Qtly div six cts vs six cts prior
+      Net 2,198,469 vs 3,635,565
+      Revs 23.1 mln vs 26.0 mln
+      Note: 1986 net includes one-time charge of 249,000 dlrs or
+  five cts a share from discontinuation of Boat Sentry and
+  Lakontek products.
+      Qtly div payable April 15 to shareholders of record March
+  24.
+  
+
diff --git a/reuters/training/4314 b/reuters/training/4314
new file mode 100644
index 0000000000000000000000000000000000000000..e621fae8bac3f4ef018d901ebdadfa3e4addc1c4
--- /dev/null
+++ b/reuters/training/4314
@@ -0,0 +1,30 @@
+U.S. TO ASK FOR SHARE OF JAPAN'S RICE MARKET
+  U.S. Agriculture Secretary Richard
+  Lyng said he will ask Japan to offer a share of its rice market
+  to U.S. exporters when he visits that country next month.
+      In an interview with Reuters, Lyng also said the Reagan
+  administration will ask Tokyo to remove its quotas on U.S. beef
+  and citrus exports.
+      Lyng, who plans to be in Japan April 14-27, said he will
+  not ask Tokyo to liberalize fully its rice market. "We will urge
+  that they consider sharing their rice market," he said.
+      The USDA secretary would not say how big a share of the
+  Japanese rice market the U.S. would request. "We've got none of
+  it now. If we got one per cent of it, it would be a big
+  improvement," he said.
+      Last year, the Reagan administration rejected a petition by
+  the U.S. rice industry seeking relief from Japanese import
+  restrictions.
+      However, the U.S. said it would reexamine the issue if by
+  mid-1987 Japan did not roll back import barriers to U.S. rice
+  exports.
+      Lyng said he would not be conducting formal negotiations
+  next month with Japan over their beef and citrus quotas, but
+  that his visit "may be a forerunner in a general way" to talks
+  prior to expiration of the bilateral agreement in March 1988.
+      He said, however, that the U.S. "will ask for a definite
+  liberalization of those items (beef and citrus).... When you
+  translate 'liberalization' into Japanese, it means do away with
+  the quota."
+  
+
diff --git a/reuters/training/4315 b/reuters/training/4315
new file mode 100644
index 0000000000000000000000000000000000000000..f9c34f9fc5aac5a74f5bce89796a6914d62a17e9
--- /dev/null
+++ b/reuters/training/4315
@@ -0,0 +1,40 @@
+UNION PACIFIC <UNP> TO SELL PART OF REFINERY
+  Union Pacific Corp said it will sign a
+  pact in Caracas on March 17 with Petroleos De Venezuela, PDVSA,
+  to sell the state owned company half of its Corpus Christi,
+  Texas refinery owned by its Union Pacific's Champlin Petroleum
+  Co subsidiary.
+      The sale will also include the related marketing and
+  distribution system for the refinery's products.
+      A spokesman for the company said that a statement may be
+  issued later today giving details of the transaction.
+      There was no immediate comment from PDVSA officials in New
+  York.
+      The Corpus Christi refinery has a capacity of about 160,000
+  barrels per day, the Union Pacific spokesman said, and is a
+  largely upgraded facility but he would place no value on the
+  transaction.
+      The additional acquisition of refinery and distribution
+  assets by PDVSA has been expected as Venezuela has been moving
+  aggressively to enhance its role in the oil industry from
+  producer to excpanding its presence in the downstream sector.
+      Purchase of part of Champlin's operations also fits a
+  profile which PDVSA officials have said previously they looked
+  for in any acquisition.
+      One PDVSA official said the company was looking for
+  independent oil companies with good refinery and distribution
+  network and a strong regional presence.
+      The potential purchase of the interest in Champlin followed
+  its earlier acquisition of a part interest in Southland Corp's
+  <SLC> Citgo Petroleum Corp subsidiary.
+      In that agreement signed September 15, 1986, PDVSA paid
+  Southland 290 mln dlrs for half of Citgo's stock.
+      The potetnital acquisition of half Champlin's Corpus
+  Christi plant will also give Venezuela an additional outlet for
+  its crude oil production while giving the refiner an assured
+  source of supply, trade sources said.
+      In the earlier deal with Southland, PDVSA agredd to to
+  supply Citgo with at least 130,000 bpd of crude oil and other
+  feedstocks.
+  
+
diff --git a/reuters/training/4318 b/reuters/training/4318
new file mode 100644
index 0000000000000000000000000000000000000000..13d4bcace96c36eb003c89915e1c223bc17e25ba
--- /dev/null
+++ b/reuters/training/4318
@@ -0,0 +1,12 @@
+LANDS END INC <LEYS> YEAR JAN 31 NET
+  Shr 1.46 dlrs vs 1.13 dlrs
+      Net 14,650,000 vs 11,270,000
+      Sales 265 mln vs 227.1 mln
+      Avg shrs 10,020,000 vs 9,980,000
+      Note: Earnings are pro forma, including the increase in
+  common shares that took place last October when the company
+  went public through an initial offering of 1.4 mln shares. Avg
+  shrs assume the shares sold to public and employees were
+  outstanding during the entire period.
+  
+
diff --git a/reuters/training/4323 b/reuters/training/4323
new file mode 100644
index 0000000000000000000000000000000000000000..b05acac621cba3187c2c3ce2275690f6307f1fea
--- /dev/null
+++ b/reuters/training/4323
@@ -0,0 +1,12 @@
+BANCROFT <BCF> SUES ZICO
+  Zico INvestment Holdings INc said that
+  Bancroft Convertible Fund Inc filed suit seeking to enjoin
+  Zico's 30 dlr-a-share tender offer for 500,000 Bancroft shares.
+      In its complaint, Bancroft said the tender offer materials
+  and letters to shareholders are false and misleading and that
+  the tender offer violates the investment company act of 1940.
+      Zico said the suit is totally without merit and vigorously
+  intends to contest it.
+      A motion is scheduled to be heard on March 16.
+  
+
diff --git a/reuters/training/4327 b/reuters/training/4327
new file mode 100644
index 0000000000000000000000000000000000000000..27ab3b90de2be7bc8eaabf790563d110467d27a9
--- /dev/null
+++ b/reuters/training/4327
@@ -0,0 +1,9 @@
+SEABOARD CORP <SEB> 31 WEEK YEAR NET
+  Shr 14.63 dlrs
+      Net 21.8 mln
+      Revs 252.9 mln
+      NOTE: Company changed its reporting period to Dec 31 from
+  May 31. It said prior year comparisons were thus not
+  applicable.
+  
+
diff --git a/reuters/training/4328 b/reuters/training/4328
new file mode 100644
index 0000000000000000000000000000000000000000..8c224f87b1dfccf225cf6f6267d1e60e8dc126b6
--- /dev/null
+++ b/reuters/training/4328
@@ -0,0 +1,12 @@
+TURKISH SHIP HEADED FOR FLORIDA AFTER EXPLOSION
+  The Turkish ore/bulk/oil vessel Obo
+  Engin, 78,078 tonnes dwt, had an explosion in its boiler
+  yesterday, Lloyds shipping Intelligence Service reported.
+      The vessel has retained some power and yesterday evening
+  was in position Lat. 25 57 N., Long. 75 06 W. It is diverting
+  to Jacksonville, Florida, with its cargo of 58,000 tons of
+  coal.
+     The vessel was bound for Iskenderun, Turkey from Lake
+  Charles.
+  
+
diff --git a/reuters/training/4330 b/reuters/training/4330
new file mode 100644
index 0000000000000000000000000000000000000000..ad25d6db61dd31e33627512802d5ebd421ef1f44
--- /dev/null
+++ b/reuters/training/4330
@@ -0,0 +1,13 @@
+REUTER INC <REUT> 4TH QTR
+  Shr 67 cts vs six cts
+      Net 1.6 mln vs 131,630
+      Revs 6.5 mln vs 4.5 mln
+      Year
+      Shr 85 cts vs 19 cts
+      Net 2.0 mln vs 427,749
+      Revs 25.1 mln vs 17.4 mln
+      NOTE: 1986 net includes 1.4 mln dlrs in tax loss carryback.
+  Reuter Inc is a spindle maker. It is not connected with Reuters
+  Holdings PLC.
+  
+
diff --git a/reuters/training/4331 b/reuters/training/4331
new file mode 100644
index 0000000000000000000000000000000000000000..84eb55e73e7d839eff697442b2d2122733cad8e1
--- /dev/null
+++ b/reuters/training/4331
@@ -0,0 +1,6 @@
+CENTEL CORP <CNT> REGULAR PAYOUT SET
+  Qtly div 62-1/2 cts vs 62-1/2 cts previously
+      Pay April 30
+      Record April Seven
+  
+
diff --git a/reuters/training/4333 b/reuters/training/4333
new file mode 100644
index 0000000000000000000000000000000000000000..7db07c8db13f3e81ba685ee5454c4efc2a8d4a02
--- /dev/null
+++ b/reuters/training/4333
@@ -0,0 +1,14 @@
+MOBIL <MOB> TO RESTRUCTURE EXPLORATION UNIT
+  Mobil Oil Corp said it will
+  restructure its Dallas-based Mobil Exploration and Producing
+  Services Inc operations April one, to provide stronger
+  technological support to its U.S. and overseas operations.
+      Mobil said the operation will consist of two new units,
+  Technical Services and Application Technology, along with the
+  existing Drilling and New Exploration Ventures groups. It said
+  R.C. Mills, president and general manager of its Exploration
+  and Producing Southeast Inc, has been named vice president and
+  general manager of the new operation reporting to P.J.
+  Hoenmans, president of its Exploration and Producing division.
+  
+
diff --git a/reuters/training/4337 b/reuters/training/4337
new file mode 100644
index 0000000000000000000000000000000000000000..c88641df323ecd891415e095539d20149f9cf840
--- /dev/null
+++ b/reuters/training/4337
@@ -0,0 +1,12 @@
+EQUITY OIL CO <EQTY> 4TH QTR LOSS
+  Shr loss nine cts vs profit 11 cts
+      Net loss 1,102,592 vs profit 1,364,763
+      Revs 2,836,508 vs 5,547,121
+      Year
+      Shr loss six cts vs profit 32 cts
+      Net loss 789,300 vs profit 3,953,822
+      Revs 11.7 mln vs 21.1 mln
+      NOTE:  Per share figures reflect five pct stock dividend
+  paid December 1986.
+  
+
diff --git a/reuters/training/4338 b/reuters/training/4338
new file mode 100644
index 0000000000000000000000000000000000000000..821bcaa49ceb59eb212cc20b4ee7f5e512901ed4
--- /dev/null
+++ b/reuters/training/4338
@@ -0,0 +1,14 @@
+FN RESULTS HIT BY STRIKES, DOLLAR IN 1986
+  Fabrique Nationale Herstal SA
+  <FNHB.BR> said it suffered a net loss of 2.99 billion francs
+  last year after being hit by strikes, the falling dollar and
+  declining oil prices.
+      An FN statement said the loss, which compared with a 6.8
+  mln franc profit the previous year, included considerable
+  charges for restructuring in 1986 and 1987. Without these the
+  net loss would have been 1.45 billion francs, it said.
+      It added that the restructuring plan would allow the firm
+  to return to long term profitability once it had been approved
+  by local authorities, banks and the workforce.
+  
+
diff --git a/reuters/training/4339 b/reuters/training/4339
new file mode 100644
index 0000000000000000000000000000000000000000..a57f08d2e0d200e05acf7bb98f129b8aa4a6b69c
--- /dev/null
+++ b/reuters/training/4339
@@ -0,0 +1,11 @@
+MILLIPORE <MILI> ACQUIRES EQUITY IN PROTEIN
+  <Protein Databases
+  Inc> said Millipore Corp through its venture capital
+  subsidiary, Millicorp, acquired an equity position in the
+  company.
+      Protein said it and Millipore intend to establish an
+  "interactive relationship."
+      No other details were disclosed about the amount of
+  Millipore's investment in Protein.
+  
+
diff --git a/reuters/training/4340 b/reuters/training/4340
new file mode 100644
index 0000000000000000000000000000000000000000..7f32a4b19ed811afa229577ca13c6ff8882b6643
--- /dev/null
+++ b/reuters/training/4340
@@ -0,0 +1,44 @@
+WILDLIFE UNIT PROPOSES ALASKA REFUGE OIL STUDY
+  The National Wildlife Federation 
+  rejected an Interior Department draft plan to open wilderness
+  lands in Northern Alaska to oil and gas exploration.
+      The federation, the nation's largest conservation group,
+  said further study was needed to assess any possible damage
+  that development might have on the wildlife in the area, the
+  coastal plain of the Arctic National Wildlife Refuge.
+      Jay Hair, the federation's executive vice president, called
+  the Interior's research into the effects of development "so
+  fundamentally flawed that it provides little or no basis on
+  which to make a public policy decision."
+      Hair called the department's proposal a "reflection of a
+  largely political decision," adding "we have no confidence in
+  Interior to represent the broad public interest in this area."
+      Interior wants to open the 1.5 million acre coastal plain
+  to oil and gas exploration, but it said only with tough 
+  safeguards to protect the area's caribou and musk-oxen.
+      It said a preliminary survey showed the region could hold
+  billions of barrels of oil and gas, and that its potential as
+  an energy resource would never be known without exploration.
+      Interior said oil on the coastal plain could match the 10
+  billion barrels found at Prudhoe Bay, just west of the plain.
+      Under existing law, Congress must agree to oil and gas
+  exploration, and if it does not act, the land will remain a
+  wildlife refuge protected from commercial development.
+      Hair said Interior's report failed to stress the
+  probability that finding recoverable oil is only 19 pct.
+      He said Interior's study also failed to weigh oil, gas,
+  fish and wildlife information the State of Alaska had gathered
+  nor had the department consulted the Environmental Protection
+  Agency on the possible effects of exploration.
+      The federation, in letters to Congressmen, proposed that a
+  nine-member commission be set up to study all aspects of the
+  issue and report back to Congress in about two years.
+      Hair said the federation was not opposed to the possible
+  exploration of oil, only that Interior's study was inadquate to
+  make a sound judgement.
+      Congressional observers said that at present there was
+  little sentiment in Congress to open the wildlife area for
+  commercial exploitation dispite increasing concern that the
+  United States is becoming overly dependent on foreign oil.
+  
+
diff --git a/reuters/training/4341 b/reuters/training/4341
new file mode 100644
index 0000000000000000000000000000000000000000..5371ed726ace399754a496bc7885fc743189b7cf
--- /dev/null
+++ b/reuters/training/4341
@@ -0,0 +1,6 @@
+<GEMINI FOOD CORP> SIX MTHS JANUARY 31 NET
+  Shr profit one ct vs loss one ct
+      Net profit 150,594 vs loss 55,352
+      Revs 19.0 mln vs 12.4 mln
+  
+
diff --git a/reuters/training/4343 b/reuters/training/4343
new file mode 100644
index 0000000000000000000000000000000000000000..25edff58bc06e7ad5dba72ff6e86de18c08c1902
--- /dev/null
+++ b/reuters/training/4343
@@ -0,0 +1,14 @@
+MERRILL LYNCH <MER> FIRES VASKEVITCH
+  Merrill Lynch and Co Inc fired the
+  head of the mergers department in its London office today,
+  saying he had been unable to provide a "satisfactory
+  explanation" in response to insider trading charges filed
+  yesterday by the Securities and Exchange Commission.
+      Merrill had suspended the official, Nahum Vaskevitch,
+  yesterday saying at the time it was "disappointed and angry" if
+  the SEC charges are true.
+      Merrill Lynch's statement at midday today said the firm
+  will continue to cooperatie fully with authoriteis in the U.S.
+  and London investigating Vaskevitch's activities.
+  
+
diff --git a/reuters/training/4344 b/reuters/training/4344
new file mode 100644
index 0000000000000000000000000000000000000000..764bf7e0ce653e58577a305c6e22f52cfd8c8176
--- /dev/null
+++ b/reuters/training/4344
@@ -0,0 +1,6 @@
+LINCOLN NATIONAL CORP <LNC> VOTES DIVIDEND
+  Qtly div 54 cts vs 54 cts prior qtr
+      Pay 1 May
+      Record 10 April
+  
+
diff --git a/reuters/training/4345 b/reuters/training/4345
new file mode 100644
index 0000000000000000000000000000000000000000..d46c82780c5d27ffd9b448529df71787960ae165
--- /dev/null
+++ b/reuters/training/4345
@@ -0,0 +1,14 @@
+ST LAWRENCE SEAWAY TO OPEN ON SCHEDULE
+  The St Lawrence Seaway and the Welland
+  Canal linking Lakes Erie and Ontario were expected to open as
+  scheduled on March 31 and April 1, respectively, a St Lawrence
+  Seaway official said.
+      The entire Seaway is already free of ice due to the mild
+  Winter and could be open for navigation today, "but there
+  doesn't seem to be enough demand from shipping companies to
+  warrant an early opening," the Canadian official said.
+      Repairs are continuing at a stepped up pace on the Welland
+  Canal and should be completed by the April 1 start-up date, she
+  added.
+  
+
diff --git a/reuters/training/4346 b/reuters/training/4346
new file mode 100644
index 0000000000000000000000000000000000000000..fd5dd571048dca6e4438cb81edc4a8f194b89299
--- /dev/null
+++ b/reuters/training/4346
@@ -0,0 +1,16 @@
+LVI GROUP INC <LVI> 4TH QTR NET
+  Oper shr profit two cts vs loss 19 cts
+      Oper net profit 523,000 vs loss 2.2 mln
+      Revs 102.5 mln vs 39.9 mln
+      12 mths
+      Oper shr profit 11 cts vs loss 29 cts
+      Oper net profit 2.2 mln vs loss 2.9 mln
+      Revs 304.4 mln vs 50.3 mln
+      NOTE: All 1986 and last two months of 1985 include results
+  of NICO Inc acquired Oct 1985.
+      Prior year excludes discontinued operations loss of 14 cts
+  per share in the quarter and loss 18 cts a share in the year.
+      1986 excludes extraordinary gain of two cts per share in
+  the quarter and four cts per share in the year.
+  
+
diff --git a/reuters/training/4347 b/reuters/training/4347
new file mode 100644
index 0000000000000000000000000000000000000000..c1c4993edf1bb483f14f907d96fd7782c2b30269
--- /dev/null
+++ b/reuters/training/4347
@@ -0,0 +1,18 @@
+PROTOCOMDEVICES <PRCM> SEES MORE PROFIT EROSION
+  ProtocomDevices Inc said it has seen
+  more erosion of its general financial condition since December
+  31, and is actively engaged in negotiations to secure
+  additional financing. It also said it has undergone a
+  restructuring of its management and is instituting further
+  staff reductions.
+      It said Ramon Morales has relinquished his role as
+  president and chief operating officer and assumed the position
+  of executive vice president in charge of international sales.
+      It also said Rafael Collado has assumed the positions of
+  president and chief operating officer in addition to his role
+  as chief executive officer.
+      For the year ended January 31, 1986, the company had a net
+  loss of 51,000 dlrs or 24 cts a share on revenues of 2.8 mln
+  dlrs.
+  
+
diff --git a/reuters/training/4349 b/reuters/training/4349
new file mode 100644
index 0000000000000000000000000000000000000000..9689a37cbc5f38e8168f855c77caadb632ba98e5
--- /dev/null
+++ b/reuters/training/4349
@@ -0,0 +1,11 @@
+ICO BOARD MEETING DELAYED ONE DAY
+  The International Coffee Organization
+  (ICO) executive board meeting scheduled for the end of this
+  month has been delayed by one day and will now run from March
+  31 to April 2 and not March 30 to April 1, ICO officials said.
+      On March 30, the ICO ad hoc working group will meet to
+  consider management consultants Ernst & Whinney's report on the
+  ICO secretariat. This report was commissioned late last year to
+  report on the administrative structure of the ICO.
+  
+
diff --git a/reuters/training/435 b/reuters/training/435
new file mode 100644
index 0000000000000000000000000000000000000000..30e2c001653bb264b614dcc7d2f7cb0717c8f710
--- /dev/null
+++ b/reuters/training/435
@@ -0,0 +1,24 @@
+WHITTAKER <WKR> TO HAVE GAINS FROM SALES
+  Whittaker Corp said it will have a
+  gain on the sale of discontinued businesses after any operating
+  losses from the businesses up until the dates of disposition,
+  but it will defer reporting the gain until its restructuring
+  program hsa been substantially completed.
+      The company said in the first quarter ended January 31,m it
+  completed the divestiture of its health maintenance
+  organization operations to Travelers Corp <TIC> , sold its
+  Whittar Steel Strip operations to <DofascoxInc> and sold its
+  equity investment in Bertram-Trojan Inc to an affiliate of
+  <Investcorp>.
+      The company said it has entered into definitive agreements
+  to sell Whittaker General Medical Corp, Bennes MArrel SA of
+  France and Juster Steel Corp as well.
+      The company said to date it has received proceeds of about
+  90 mln dlrs from divestitures and has used the funds to reduce
+  debt incurred in the repurchase of its common shares.
+      Whittaker today reported first quarter earnings from
+  continuing operations fell to 1,522,000 dlrs from 3,501,000
+  dlrs a year before. The year-earlier figure excluded a
+  1,817,000 dlr loss from discontinued operations.
+  
+
diff --git a/reuters/training/4351 b/reuters/training/4351
new file mode 100644
index 0000000000000000000000000000000000000000..7b66b4910255f6bf986915b0bfaf7d7c2eac5722
--- /dev/null
+++ b/reuters/training/4351
@@ -0,0 +1,8 @@
+PARADISE FRUIT CO INC <PARF> YEAR NET
+  Shr 86 cts vs 99 cts
+      Net 435,610 vs 497,160
+      Sales 16.6 mln vs 17.7 mln
+      NOTE: 1986 year net penalized 13 cts shr from loss of
+  investment tax credits.
+  
+
diff --git a/reuters/training/4353 b/reuters/training/4353
new file mode 100644
index 0000000000000000000000000000000000000000..3759b11c833556b430998a544297b66ea11952d6
--- /dev/null
+++ b/reuters/training/4353
@@ -0,0 +1,10 @@
+SAMSON ENERGY CO LIMITED PARTNERSHIP <SAM> YEAR
+  Net loss 14,144,000 vs loss 863,000
+      Revs 10.3 mln vs 16.7 mln
+      NOTES: 1986 loss includes write-down of 15.1 mln dlrs in
+  the carrying value of oil and gas properties taken in the first
+  quarter 
+      Cash flow from operationswas 6,237,000 dlrs, or 3.01 dlrs
+  per unit, vs 9,315,000 dlrs, or 4.56 dlrs per unit
+  
+
diff --git a/reuters/training/4356 b/reuters/training/4356
new file mode 100644
index 0000000000000000000000000000000000000000..20e3c338a653186fea79eec9eae5df33b418dfcc
--- /dev/null
+++ b/reuters/training/4356
@@ -0,0 +1,29 @@
+LYNG SAYS NO DECISION ON SOVIET EEP OFFER
+  U.S. Agriculture Secretary Richard
+  Lyng said the Reagan administration had not decided on offering
+  the Soviet Union subsidized wheat but that such an offer had
+  not been ruled out.
+      In an interview with Reuters, Lyng also said that he had no
+  knowledge of any upcoming discussion of the matter within the
+  cabinet.
+      Asked if the administration had ruled out offering to
+  subsidize wheat exports to the Soviet Union under the
+  department's export enhancement program, Lyng said, "No. We
+  haven't made a decision on it, haven't even talked about it,
+  haven't even looked at it."
+      Reminded that there have been reports that Moscow would buy
+  U.S. wheat if competitively priced, Lyng responded, "If they
+  (the Soviets) would offer to buy some wheat, would we accept
+  it? It would depend on what price they offered."
+      Lyng added that he did not think the price of U.S. wheat
+  was far off the world price.
+      Asked about persistent speculation that the administration
+  would offer Moscow a wheat subsidy, Lyng said, "Some people
+  think they're doing it to see if they can get a little spurt in
+  the market."
+      Agriculture Undersecretary Daniel Amstutz last week asked
+  the Commodity Futures Trading Commission to investigate reports
+  that wheat prices were being manipulated by reports that a U.S.
+  wheat subsidy offer was imminent.
+  
+
diff --git a/reuters/training/4357 b/reuters/training/4357
new file mode 100644
index 0000000000000000000000000000000000000000..d9b010835a12a9397d732b981eb7fc6bdb1deb2e
--- /dev/null
+++ b/reuters/training/4357
@@ -0,0 +1,10 @@
+ACCELERATION CORP <ACLE> 4TH QTR
+  Shr 22 cts vs 19 cts
+      Net 1.1 mln vs 994,000
+      Year
+      Shr 83 cts vs 60 cts
+      Net 4.3 mln vs 3.1 mln
+      NOTE:1985 net includes tax loss carryforward gain of 8,000
+  dlrs.
+  
+
diff --git a/reuters/training/4358 b/reuters/training/4358
new file mode 100644
index 0000000000000000000000000000000000000000..d75607b762f891394f377fb6de71506f14b8a629
--- /dev/null
+++ b/reuters/training/4358
@@ -0,0 +1,10 @@
+<ENERGY OPTICS INC> 2ND QTR JAN 31 NET
+  Shr profit nil vs loss five cts
+      Net profit 232 vs loss 124,380
+      Revs 143,397 vs 61,901
+      1st half
+      Shr profit one ct vs loss 10 cts
+      Net profit 15,722 vs loss 264,539
+      Revs 354,843 vs 120,403
+  
+
diff --git a/reuters/training/436 b/reuters/training/436
new file mode 100644
index 0000000000000000000000000000000000000000..da113a6ce0f317ba8dba71d5ebb815811e9bed8d
--- /dev/null
+++ b/reuters/training/436
@@ -0,0 +1,12 @@
+THE JAPAN FUND <JPN> GETS BUYOUT OFFER
+  The Japan Fund Inc said it has received
+  an unsolicited offer from <Sterling Grace Capital Management
+  LP>, acting together with certain other persons and entities,
+  to purchase all the assets of the fund at five pct below its
+  aggregate net asset value.
+      The Japan Find said tne deal is subject to obtaining
+  satisfactory financing and a due diligence review.
+      It added that the proposal has been referred to its Board
+  of Directors for consideration.
+  
+
diff --git a/reuters/training/4360 b/reuters/training/4360
new file mode 100644
index 0000000000000000000000000000000000000000..962909674c9a0a0ca30a2d756f7e78268db927d3
--- /dev/null
+++ b/reuters/training/4360
@@ -0,0 +1,14 @@
+BLUE GASS BREEDERS <BLGR> COMPLETES ACQUISITION
+  Blue Grass Breeders Inc said it has
+  completed the acquisition of Equine Enterprises Inc for four
+  mln common shares.
+      It said it is obligated to deliver another 2,741,660 shares
+  on the attainment of a certain level of shareholders' equity
+  during any fiscal quarter within 12 months of closing.
+      If all the contingent shares are issued, Blue Grass said
+  former owners of Equine will have a 75 pct interest in Blue
+  Grass.
+      Equine is a New Mexico quarter horse breeding and racing
+  company.
+  
+
diff --git a/reuters/training/4361 b/reuters/training/4361
new file mode 100644
index 0000000000000000000000000000000000000000..2920a9cd15dc41b8a5509392c644cff967d9080a
--- /dev/null
+++ b/reuters/training/4361
@@ -0,0 +1,12 @@
+DIGIMED CORP 2ND QTR DEC 31 LOSS
+  Shr loss two cts vs loss five cts
+      Net loss 17,334 vs loss 51,507
+      Sales 245,560 vs 179,839
+      Avg shrs 1,136,785 vs 1,046,785
+      Six mths
+      Shr profit four cts vs loss 17 cts
+      Net profit 47,749 vs loss 174,373
+      Sales 721,937 vs 284,809
+      Avg shrs 1,136,785 vs 1,046,785
+  
+
diff --git a/reuters/training/4363 b/reuters/training/4363
new file mode 100644
index 0000000000000000000000000000000000000000..655a7ad33d93bf663fc4e7f2f753f1250e885dad
--- /dev/null
+++ b/reuters/training/4363
@@ -0,0 +1,14 @@
+FLIGHT INTERNATIONAL GROUP INC <FLTI> 3RD QTR
+  periods ended January 31
+      Shr profit 22 cts vs loss 26 cts
+      Net profit 439,000 vs loss 522,000
+      Revs 5,600,000 vs 3,859,000
+      Nine mths
+      Shr profit 46 cts vs loss three cts
+      Net profit 912,000 vs loss 59,000
+      Revs 14.6 mln vs 18.3 mln
+      NOTE: Year ago revenues include 400,000 dlrs in quarter and
+  2,227,000 dlrs in nine months from operations of subsidiary
+  sold in April 1986
+  
+
diff --git a/reuters/training/4364 b/reuters/training/4364
new file mode 100644
index 0000000000000000000000000000000000000000..0f252b09f2baa72fbd95e6b08ff2b55e8772626e
--- /dev/null
+++ b/reuters/training/4364
@@ -0,0 +1,21 @@
+NORD EST PLANS 400 MLN FRANC BOND ISSUE
+  Financial and industrial holding company
+  Nord Est plans to make a convertible bond issue for a total of
+  400 mln francs, President Gustave Rambaud said.
+      He told a news conference Nord-Est expected to receive
+  approval from the Bourse supervisory body COB in the next two
+  week, when terms would set according to market conditions.
+      He said the issue was meant to boost capital ahead of new
+  investments.
+      Rambaud said the company would pay a 1986 dividend of 5.25
+  francs, unchanged on 1985. Parent company net profit last year
+  rose to 99.5 mln francs against 71.1 mln in 1985.
+      Provisional consolidated profits were lower at 185 mln
+  francs compared with 200 mln in 1985, of which 120 mln, against
+  147 mln, was attributable to the group. He said the lower
+  profit was mainly due to losses made by steel-tube maker
+  Vallourec, in which Nord Est has a 12.5 pct stake.
+      Rambaud said he forecast a 1987 parent company net profit
+  before provisions of around 135 mln francs.
+  
+
diff --git a/reuters/training/4365 b/reuters/training/4365
new file mode 100644
index 0000000000000000000000000000000000000000..f47637df93a0f99588c9b4db7fc6d345e75feb97
--- /dev/null
+++ b/reuters/training/4365
@@ -0,0 +1,24 @@
+SOLV-EX <SOLV> SHELL CANADA <SHC> PACT COMPLETE
+  Solv-Ex Corp said it
+  successfully completed its oil sands pilot testing program
+  under its agreement with Shell Canada Limited <SHC> and
+  received a 250,000 U.S. dlr bonus payment.
+      It also said that Shell Canada exercised its option to take
+  over Solv-Ex's 25 pct working interest in the construction of
+  the oil facility, relieving it of its obligation to raise about
+  62.5 mln Canadian dlrs for plant construction.
+      It said 30 pct of that loan was guaranteed by the
+  Government of Alberta.
+      In exchange for Shell's participation, Solv-Ex said Shell
+  is obligated to pay it an up-front royalty and a running
+  royalty based on the operating profits of the oil sands
+  facility. It said the Shell Canada 7,500 barrel per day oil
+  sands project will be built on Shell's oil sand lease about 40
+  miles north of Fort McMurray in the Athabasca region of
+  northern Alberta.
+      Solv-Ex said the project will cost about 260 mln Canadian
+  dlrs. It said that following a final feasibility study the
+  plant should open in the early 1990s when oil prices are
+  expected to exceed 20 U.S. dlrs per barrel.
+  
+
diff --git a/reuters/training/4366 b/reuters/training/4366
new file mode 100644
index 0000000000000000000000000000000000000000..274e12ad567feaeee590ff6f5edd111c8b34f0eb
--- /dev/null
+++ b/reuters/training/4366
@@ -0,0 +1,9 @@
+SPAIN HAS 68 MLN DLR JANUARY PAYMENTS SURPLUS
+  Spain had a 68 mln dlr current account
+  balance of payments surplus in January compared with a 556 mln
+  deficit in December and 370 mln surplus in January last year,
+  Bank of Spain figures show.
+      The trade deficit rose to 664 mln dlrs in January from 146
+  mln in January 1986.
+  
+
diff --git a/reuters/training/4367 b/reuters/training/4367
new file mode 100644
index 0000000000000000000000000000000000000000..604af84818a659d512113a590c1428d6b16bf9b1
--- /dev/null
+++ b/reuters/training/4367
@@ -0,0 +1,35 @@
+UNION PACIFIC <UNP> IN PARTNERSHIP WITH PDVSA
+  Union Pacific Corp said it will enter
+  a 50-50 partnership with Petroles de Venezuela, PDVSA, to own
+  and operate Union Pacific's 160,000 barrel-per-day Corpus
+  Christi, Texas, oil refinery.
+      The assests to be acquired by the partnership are valued at
+  190 mln dlrs, Union Pacific said.
+      Closing is expected to take place in early April and the
+  venture is to be called Champlin Refining Co.
+      The partnership will acquire the refining and distribution
+  systems currently owned and operated by Champlin Petroleum, a
+  wholly owned subsidiary of Union Pacific.
+      The venture will acquire the related inventories and the
+  Champlin trade name, the company said.
+      PDVSA and Union Pacific will each contribute half the
+  capital required by the venture and arrange a revolving credit
+  facility with U.S. and foreign banks to finance inventories and
+  receivables, Union Pacific said.
+      Petroles de Venezuela also signed a 25-year agreement to
+  supply at least 140,000 bpd of Venezulean crude oil and naphtha
+  to the refinery at market related prices.
+      Under various options the in the agreement PDVSA could
+  supply another 50,000 bpd on similar terms, the company said.
+      "This will provide a stable, long-term supply to the
+  refinery at competitive costs, thereby assuring the economic
+  viability of the plant," a statement issued by Union Pacific
+  said.
+     The statement said the agreement with PDVSA will enable the
+  company to supply a steady flow of refined products to its
+  customers.
+     Union Pacific said employees of the refinery would be
+  transfered to the new company and would retain the same
+  benefits as in the past.
+  
+
diff --git a/reuters/training/4369 b/reuters/training/4369
new file mode 100644
index 0000000000000000000000000000000000000000..bf336c2d651af36ad025164d606c717c0b2fb152
--- /dev/null
+++ b/reuters/training/4369
@@ -0,0 +1,34 @@
+PUROLATOR <PCC> DIRECTOR QUITS OVER BUYOUT
+  A Purolator Courier Corp director
+  resigned from the company's board, saying he plans to take
+  steps to make or find an offer that tops the 265 mln dlr buyout
+  deal already accepted by Purolator's board, the company said.
+      The director, Doresy Gardner, resigned in a March 10 letter
+  to the Purolator board, which was included in a filing made by
+  the company to the Securities and Exchange Commission.
+      Gardner noted that the terms of the merger agreement in
+  which the company would bought out by a group of its managers
+  and E.F. Hutton LBO Inc bar directors from taking action to
+  solicit, initiate or encourage acquisition proposals.
+      "I, as a shareholder, wish to solicit, initiate or
+  encourage such an offer or indication of interest, and believe,
+  therefore, that I should resign as a director of the
+  corporation," Gardner said in the letter.
+      "Accordingly, I hereby resign as a director of Purolator
+  Courier Corp, effective immediately," he said.
+      Gardner said he believes shareholders could get a better
+  deal than the buyout offer if the company would agree to be
+  sold to some other entity, or if it could sell off all or part
+  of its U.S. courier division.
+      On March 4, another Purolator shareholder, Rodney Shields,
+  filed a class action suit on behalf of the company's
+  shareholders charging the company and its board with breaching
+  their fiduciary duty by failing to take steps to ensure that
+  shareholders got the highest possible price in the buyout.
+      The deal would give shareholders 35 dlrs a share in cash if
+  just 83 pct of Purolator's 7.6 mln shares are tendered. If more
+  are tendered, they would receive 29 dlrs in cash and six dlrs
+  in debentures and a warrant to buy stock in the new company in
+  exchange for each share.
+  
+
diff --git a/reuters/training/4370 b/reuters/training/4370
new file mode 100644
index 0000000000000000000000000000000000000000..ac1b65dcd6b334bd94b776dadce7c69128788448
--- /dev/null
+++ b/reuters/training/4370
@@ -0,0 +1,10 @@
+UNR INDUSTRIES INC <UNRIQ> 4TH QTR NET
+  Shr profit 75 cts vs profit 25 cts
+      Net profit 2,742,962 vs profit 936,333
+      Sales 74.9 mln vs 70.1 mln
+      Year
+      Shr profit 1.05 dlrs vs loss 1.07 dlrs
+      Net profit 3,868,888 vs loss 3,931,580
+      Sales 299.3 mln vs 281.1 mln
+  
+
diff --git a/reuters/training/4371 b/reuters/training/4371
new file mode 100644
index 0000000000000000000000000000000000000000..157bac74be56e1559ce9b23d33ad91d95f91ec26
--- /dev/null
+++ b/reuters/training/4371
@@ -0,0 +1,8 @@
+CENTURY TELEPHONE <CTL> TO SELL PROPERTIES
+  Century Telephone Enterprises Inc
+  said it has accepted an offer to sell its cable television
+  properties in Michigan, Tennessee, Florida, Arkansas and
+  Louisiana for a "substantial" gain.
+      The company said details were not disclosed.
+  
+
diff --git a/reuters/training/4372 b/reuters/training/4372
new file mode 100644
index 0000000000000000000000000000000000000000..99e40a3e17cce08cefcaa6abf9c766542bf9d925
--- /dev/null
+++ b/reuters/training/4372
@@ -0,0 +1,13 @@
+VOLT INFORMATION SCIENCES INC <VOLT> 1ST QTR
+  Shr 12 cts vs seven cts
+      Net 817,000 vs 512,000
+      Revs 107.5 mln vs 99.9 mln
+      Avg 6.9 mln vs 7.2 mln
+      NOTE: 1987 net includes 2.4 mln dlr pretax gain on
+  settlement, 743,000 dlrs gain on securities sale, interest
+  expense net of investment income of 2.2 mln dlrs and 920,000
+  dlrs in fiscal 1986. Change of European operations method
+  resulted in pre-tax translation losses of 1.1 mln dlrs in 1987.
+  Period ended January 30.
+  
+
diff --git a/reuters/training/4374 b/reuters/training/4374
new file mode 100644
index 0000000000000000000000000000000000000000..231361e4d16f42a1ad957c8663de31b47a2a9ae9
--- /dev/null
+++ b/reuters/training/4374
@@ -0,0 +1,12 @@
+PARADISE FRUIT <PARF> SETS LOWER DIVIDEND
+  Paradise Fruit Co Inc said its
+  board declared a dividend of 25 cts per share, payable March 31
+  to holders of record March 19.
+      The company last paid 50 cts per share in January 1986 and
+  before that paid 60 cts in January 1985.
+      Paradise said commercial bank lending agreements it entered
+  into in June 1986 include retained earnings requirements that
+  limit the amount of earnings available for distribution to
+  shareholders.
+  
+
diff --git a/reuters/training/4376 b/reuters/training/4376
new file mode 100644
index 0000000000000000000000000000000000000000..f2dd64af4824a2d0a8479b4e54924dcab43b7fea
--- /dev/null
+++ b/reuters/training/4376
@@ -0,0 +1,8 @@
+<CANADA MALTING CO LTD> YEAR NET
+  Oper shr 1.30 dlrs vs 1.51 dlrs
+      Oper net 4.06 mln vs 4.17 mln
+      Sales 146.3 mln vs 155.9 mln
+      Note: 1985 excludes extraordinary loss of 7.45 mln dlrs, or
+  2.70 dlrs per share.
+  
+
diff --git a/reuters/training/4378 b/reuters/training/4378
new file mode 100644
index 0000000000000000000000000000000000000000..bf3d1f5329d19fe26c720668bb5f2307523e07e0
--- /dev/null
+++ b/reuters/training/4378
@@ -0,0 +1,13 @@
+NORTH AMERICAN HOLDING CORP <NAHL> 3RD QTR NET
+  Dec 31 end
+      Shr profit nil vs loss four cts
+      Net profit 6,891 vs loss 590,460
+      Revs 6,518,133 vs 2,521,884
+      Avg shrs 13.1 mln vs 12.0 mln
+      Nine mths
+      Shr profit six cts vs loss seven cts
+      Net profit 772,703 vs loss 758,620
+      Revs 20.1 mln vs 7,599,017
+      Avg shrs 13.2 mln vs 10.9 mln
+  
+
diff --git a/reuters/training/438 b/reuters/training/438
new file mode 100644
index 0000000000000000000000000000000000000000..f1c2483633b90f84cf12ed6399d8f0ac11d91a03
--- /dev/null
+++ b/reuters/training/438
@@ -0,0 +1,8 @@
+<SAMSUNG CO> CALENDAR 1986
+  Div 50 won vs 50 won
+      Net profit 6.91 billion won vs 6.10 billion
+      Sales 4,275.4 billion vs 3,801,7 billion
+      Note - Company has set 1987 sales target of 4,800 billion
+  won.
+  
+
diff --git a/reuters/training/4380 b/reuters/training/4380
new file mode 100644
index 0000000000000000000000000000000000000000..c7c98b9f0e6800f93ca71d3916aba81209cca272
--- /dev/null
+++ b/reuters/training/4380
@@ -0,0 +1,6 @@
+GENERAL HOST CORP <GH> SETS QUARTERLY
+  Qtly div six cts vs six cts prior
+      Pay April Three
+      Record March 23
+  
+
diff --git a/reuters/training/4382 b/reuters/training/4382
new file mode 100644
index 0000000000000000000000000000000000000000..4b2b7e653ae1330e06b0715d35860f3ea159681f
--- /dev/null
+++ b/reuters/training/4382
@@ -0,0 +1,30 @@
+U.S.-SOVIET GRAIN ACCORD QUESTIONED BY LYNG
+  U.S. Agriculture Secretary Richard
+  Lyng said he was not sure a long-term U.S.-Soviet grain
+  agreement would be worth extending when it expires next year.
+      "It hasn't been worth much in the last two years....They
+  haven't lived up to the agreement as I see it," Lyng said in an
+  interview with Reuters.
+      "It would be my thought that it's not worth any effort to
+  work out an agreement with someone who wants the agreement to
+  be a one-sided thing," he said.
+      However, Lyng said he did not want to make a "definitive
+  commitment one way or another at this point."
+      Under the accord covering 1983-88, the Soviets agreed to
+  buy at least nine mln tonnes of U.S. grain, including four mln
+  tonnes each of corn and wheat.
+      Moscow bought 6.8 mln tonnes of corn and 153,000 tonnes of
+  wheat during the third agreement year, which ended last
+  September, and this year has bought one mln tonnes of corn.
+      Lyng said he had no knowledge of how much U.S. grain Moscow
+  would buy this year.
+      "I've seen people making comments on that and I don't know
+  how they know, unless they talk to the Soviets," he said. "I have
+  no knowledge, and I really don't think anyone other than the
+  Soviets have any knowledge."
+      Lyng said he thought the Soviets bought U.S. corn last
+  month because "they needed it and because the price was right."
+      "Our corn has been pretty reasonably priced. And I think
+  they've always found that our corn was good," he said.
+  
+
diff --git a/reuters/training/4384 b/reuters/training/4384
new file mode 100644
index 0000000000000000000000000000000000000000..72e7eb1c286c4296fcfd34c3e99a9a9c8873c62a
--- /dev/null
+++ b/reuters/training/4384
@@ -0,0 +1,6 @@
+GROW GROUP INC <GRO> SETS QUARTERLY
+  Qtly div 7-1/2 cts vs 7-1/2 cts prior
+      Pay April 30
+      Record April 15
+  
+
diff --git a/reuters/training/4385 b/reuters/training/4385
new file mode 100644
index 0000000000000000000000000000000000000000..ce58dc2a862ce6f51a9247fd617c8f0560efabc8
--- /dev/null
+++ b/reuters/training/4385
@@ -0,0 +1,10 @@
+DIGIMED CORP 2ND QTR DEC 31 LOSS
+  Shr loss 1.5 cts vs loss five cts
+      Net loss 17,334 vs loss 51,507
+      Sales 245,560 vs 179,839
+      Six mths
+      Shr profit four cts vs loss 17 cts
+      Net profit 47,749 vs loss 174,373
+      Sales 721,937 vs 284,809
+  
+
diff --git a/reuters/training/4386 b/reuters/training/4386
new file mode 100644
index 0000000000000000000000000000000000000000..6e2e02cd7b9cf4482357ec9dd60e7c9a7686a969
--- /dev/null
+++ b/reuters/training/4386
@@ -0,0 +1,12 @@
+POWERINE REFINERY TO RESUME OPERATIONS
+  <Powerine Oil Co> said
+  its refinery here will resume operation today, with initial
+  crude oil runs of 20,000 barrels per day.
+      Powerine, a privately-held company, said it expects the
+  refinery to become fully operational by May, with crude oil
+  throughput at 35,000 bpd.
+      Initial oil products deliveries are scheduled for Monday,
+  Powerine said. The refinery had been closed due to a change of
+  ownership, the company said.
+  
+
diff --git a/reuters/training/4387 b/reuters/training/4387
new file mode 100644
index 0000000000000000000000000000000000000000..a99bbbf1df711a6c29754bceed1dfe086b24d6fe
--- /dev/null
+++ b/reuters/training/4387
@@ -0,0 +1,6 @@
+TRINITY INDUSTRIES INC <TRN> SETS QUARTERLY
+  Qtly div 12-1/2 cts vs 12-1/2 cts prior
+      Pay April 30
+      Record April 15
+  
+
diff --git a/reuters/training/4388 b/reuters/training/4388
new file mode 100644
index 0000000000000000000000000000000000000000..f037e84544787a0c1d671a50db4e1d3d7754bf57
--- /dev/null
+++ b/reuters/training/4388
@@ -0,0 +1,6 @@
+COASTAL BANCORP <CSBK> SETS QUARTERLY
+  Qtly div five cts vs five cts prior
+      Pay April 15
+      Record March 30
+  
+
diff --git a/reuters/training/4389 b/reuters/training/4389
new file mode 100644
index 0000000000000000000000000000000000000000..ac2c7b3b2ba4bd70ef84c331c3b0d9b31e4107d3
--- /dev/null
+++ b/reuters/training/4389
@@ -0,0 +1,6 @@
+IDAHO POWER CO <IDA> SETS QUARTERLY
+  Qtly div 45 cts vs 45 cts prior
+      Pay May 20
+      Record April 24
+  
+
diff --git a/reuters/training/439 b/reuters/training/439
new file mode 100644
index 0000000000000000000000000000000000000000..2e9cdebc3a50722bc623c025d7ffe13f4a2debb5
--- /dev/null
+++ b/reuters/training/439
@@ -0,0 +1,7 @@
+<DAEWOO CORP> CALENDAR 1986
+  Div 50 won vs 50 won
+      Net profit 35.4 billion won vs 34.2 billion
+      Sales 4,214.9 billion won vs 3,779.2 bilion
+      Note - company has set 1987 sales target of 5,200 billion.
+  
+
diff --git a/reuters/training/4392 b/reuters/training/4392
new file mode 100644
index 0000000000000000000000000000000000000000..bd0bda4edc7480cafd661c2b79bd369dd59f6f81
--- /dev/null
+++ b/reuters/training/4392
@@ -0,0 +1,17 @@
+U.S. SOYBEAN MARKETING LOAN NOT NEEDED - LYNG
+  U.S. Agriculture Secretary Richard
+  Lyng said a marketing loan for soybeans would serve no present
+  purpose because the U.S. price is not above the world price.
+      Asked in an interview if it was time to consider a
+  marketing loan for soybeans, Lyng said, "I don't think so. I
+  don't think the world price is lower than our price anyway."
+      However, the USDA secretary said that if current conditions
+  of surplus production persisted, it might be appropriate to
+  consider a marketing loan.
+      "I suppose that under that condition there is a danger our
+  exports will continue to drop and that the government will
+  continue to accumulate large stocks of soybeans," he said. "It
+  might be (worth contemplating a marketing loan), if there were
+  a world market that was lower than our market."
+  
+
diff --git a/reuters/training/4397 b/reuters/training/4397
new file mode 100644
index 0000000000000000000000000000000000000000..e4448db1d192128d85db9942c2ce661b81f92971
--- /dev/null
+++ b/reuters/training/4397
@@ -0,0 +1,6 @@
+UNITED STATIONERS INC <USTR> SETS DIVIDEND
+  Qtly dividend six cts vs six cts
+      Pay April 15
+      Record March 31
+  
+
diff --git a/reuters/training/4398 b/reuters/training/4398
new file mode 100644
index 0000000000000000000000000000000000000000..be223783c44496fdeae0cc0c8ecee2a9cd004ec9
--- /dev/null
+++ b/reuters/training/4398
@@ -0,0 +1,6 @@
+LINCOLN NATIONAL CORP <LNC> SETS QUARTERLY
+  Qtly div 54 cts vs 54 cts prior
+      Pay May One
+      Record April 10
+  
+
diff --git a/reuters/training/4399 b/reuters/training/4399
new file mode 100644
index 0000000000000000000000000000000000000000..28a8a5a98f0fa350cac3c20538766dd9e23b75a8
--- /dev/null
+++ b/reuters/training/4399
@@ -0,0 +1,7 @@
+PETRIE STORES CORP <PST> SETS QUARTERLY
+  Qtly div 17-1/2 cts vs 17-1/2 cts prior
+      Pay April 20
+      Record April 2.
+  o
+  
+
diff --git a/reuters/training/44 b/reuters/training/44
new file mode 100644
index 0000000000000000000000000000000000000000..bada91ec077a7c1be26f17f00bbc3a708c447e29
--- /dev/null
+++ b/reuters/training/44
@@ -0,0 +1,12 @@
+MCLEAN'S <MII> U.S. LINES SETS ASSET TRANSFER
+  McLean Industries Inc's United
+  States Lines Inc subsidiary said it has agreed in principle to
+  transfer its South American service by arranging for the
+  transfer of certain charters and assets to <Crowley Mariotime
+  Corp>'s American Transport Lines Inc subsidiary.
+      U.S. Lines said negotiations on the contract are expected
+  to be completed within the next week. Terms and conditions of
+  the contract would be subject to approval of various regulatory
+  bodies, including the U.S. Bankruptcy Court.
+  
+
diff --git a/reuters/training/440 b/reuters/training/440
new file mode 100644
index 0000000000000000000000000000000000000000..c1ed719a0ee079c13414c2ed2cabe2b1867c6982
--- /dev/null
+++ b/reuters/training/440
@@ -0,0 +1,5 @@
+CORNING TO OFFER 0.5165 SHARE FOR EACH HAZLETON SHARE UNDER EARLIER AGREEMENT
+
+  CORNING TO OFFER 0.5165 SHARE FOR EACH HAZLETON SHARE UNDER EARLIER AGREEMENT
+  
+
diff --git a/reuters/training/4401 b/reuters/training/4401
new file mode 100644
index 0000000000000000000000000000000000000000..dc2bb266834a4e8158f0084a2bd913e0aec0a5fc
--- /dev/null
+++ b/reuters/training/4401
@@ -0,0 +1,10 @@
+DESOTO <DSO> SELLS INDUSTRIAL CHEMICAL ASSETS
+  DeSoto Inc said it sold the
+  plant, inventory and certain other assets of some of its
+  industrial chemical operations to Plastic Specialities and
+  Technologies Inc, a privately-held company headquartered in
+  Parsippany, New Jersey.  Terms were not disclosed.
+      Desoto's industrial chemical operations are based in Fort
+  Worth, Texas, and has annual sales of about 17 mln dlrs.
+  
+
diff --git a/reuters/training/4404 b/reuters/training/4404
new file mode 100644
index 0000000000000000000000000000000000000000..90d42580df26bc5adb9ecaf40342a885f8f1a5e8
--- /dev/null
+++ b/reuters/training/4404
@@ -0,0 +1,14 @@
+SAFEGUARD HEALTH <SFGD> 4TH QTR LOSS
+  Shr loss 30 cts vs profit 12 cts
+      Net loss 2,374,000 vs profit 970,000
+      Revs 15.7 mln vs 13.4 mln
+      Year
+      Shr loss 13 cts vs profit 46 cts
+      Net loss 1,054,000 vs profit 3,425,000
+      Revs 61.8 mln vs 49.9 mln
+      Note: Full name Safeguard Health Enterprises Inc.
+      Current qtr and year figures include 2.9 mln dlr reserve
+  for estimated loss from proposed divestment of one-third of
+  existing 40 offices.
+  
+
diff --git a/reuters/training/4405 b/reuters/training/4405
new file mode 100644
index 0000000000000000000000000000000000000000..e61de425cd0a97881080bfe30ecac8d6a5d4f1b1
--- /dev/null
+++ b/reuters/training/4405
@@ -0,0 +1,46 @@
+RUBBER TALKS CHAIRMAN CITES SLIGHT PROGRESS
+  There has been slight progress towards
+  reaching a rubber pact, the chairman of a United Nations
+  conference on a new International Natural Rubber Agreeement,
+  INRA, Manaspas Xuto of Thailand, said.
+      "There has been some slight progress but it is not the end
+  of the road yet," he said.
+      The conference, which began Monday, is seen as the last
+  effort to adopt an accord to replace the current one which
+  expires in October. Some 40 producing and consuming countries
+  are taking part in the two-week meeting.
+      Xuto said if the key outstanding issues are not resolved by
+  tomorrow he would hold weekend meetings.
+      At the beginning of the conference, the fourth such meeting
+  in nearly two years, Xuto said it was imperative to settle
+  those issues this week so that technical drafting work can be
+  done next week.
+      Conference sources said it is highly unlikely that
+  producers will accept a pact that will provide for any possible
+  downward adjustment of the floor price, as proposed by
+  consumers under certain circumstances.
+      The sources said this means that any possible adjustment
+  would centre on the reference price, and the "may buy" (or "may
+  sell") and "must buy" (or "must sell") levels without changing the
+  "lower indicative price" (or floor price) of 150
+  Malaysian/Singapore cents a kilo in the present pact.
+      The present five-day average of the indicator price is
+  around 192 Malaysian/Singapore cents.
+      Consumers are seeking an adjustment of the reference price,
+  set in the current accord at 201.66 Malaysian/Singapore cents a
+  kilo, and of the "lower indicative price" if the buffer stock,
+  currently 360,000 tonnes, rises to 450,000 tonnes.
+      Consumers want price reviews at 12-month intervals instead
+  of the 18 at present, and the price revision mechanism to
+  respond automatically to market trends.
+      At present, if the market price has been above or below the
+  reference price for six months, the reference price is revised
+  by five pct or by an amount decided by the International
+  Natural Rubber Organisation council.
+      Consumers say that, in these circumstances, the adjustment
+  be automatic at five pct or more.
+      Producers have resisted reducing the role of the council in
+  the price adjustment procedure and have expressed concern that
+  changes proposed by consumers would weaken the present pact.
+  
+
diff --git a/reuters/training/4407 b/reuters/training/4407
new file mode 100644
index 0000000000000000000000000000000000000000..3c3c47f55bf2cdba3ee1d86d619bd46d4ad1119a
--- /dev/null
+++ b/reuters/training/4407
@@ -0,0 +1,32 @@
+"BRITANNIA" COIN TO SELL AT PREMIUM
+  The new British one ounce gold coin, the
+  "Britannia," will be priced on the basis of the gold price on the
+  day of purchase plus a "competitive premium," Treasury officials
+  said.
+      Value added tax will be levied on all purchases by members
+  of the U.K. Public, as is currently the case with foreign
+  coins, although transactions between members of the London Gold
+  Market and all exports of the coins will be zero-rated. No
+  decision has yet been taken on the face value of the coins.
+      Although a number of gold coins, especially the Canadian
+  Maple, have been issued elsewhere in an attempt to take the
+  place of the South African krugerrand, the British government
+  still feels that there is a gap in the market for a British one
+  ounce gold coin. The only British gold coin available at
+  present is the sovereign, which contains 0.2354 ounces of gold.
+      Gold from South Africa or the Soviet Union will not be used
+  in the coin, officials said, adding that bullion would be
+  bought on the world gold market. But analysts said it would be
+  difficult to ascertain the origins of such purchases.
+      No details are yet available on how many coins will be
+  issued or how much gold will be bought, but traders said that
+  the amounts involved would be unlikely to move the gold price.
+      There were some enquiries on the "Britannia" from coin
+  dealers today, but value added tax would prove a major factor
+  in the success of the coin, with the 15 pct tax likely to put
+  off many investors, traders said.
+      Some said that the "Britannia" had come too late, with the
+  Canadian Maple Leaf, the American Eagle and other gold coins
+  already well established.
+  
+
diff --git a/reuters/training/4408 b/reuters/training/4408
new file mode 100644
index 0000000000000000000000000000000000000000..147e7faf648119bc00fd0c32ba572736331f21b6
--- /dev/null
+++ b/reuters/training/4408
@@ -0,0 +1,13 @@
+CYTRX <CYTR> UNIT BUYS SWEDISH COMPANY
+  CytRx Corp said its 60 pct owned CytRx
+  Biopool Ltd subsidiary has acquired Biopool AB of Umea, Sweden,
+  for undisclosed terms.
+      It said former shareholders of Biopool AB own the remaining
+  40 pct in CytRx Biopool Ltd. Biopool AB develops cardiovascular
+  and fibrinolytic products for diagnostic applications.
+      The company said CytRx Biopool is studying the possible
+  combination of CytRx Corp's RheothRx drug to reduce platelet
+  aggregation and viscosity in blood with Biopool AB's drug t-PA
+  for dissolving blood clots.
+  
+
diff --git a/reuters/training/4409 b/reuters/training/4409
new file mode 100644
index 0000000000000000000000000000000000000000..1a75c0e7a4cd143d8363f7555b18372b74886f7c
--- /dev/null
+++ b/reuters/training/4409
@@ -0,0 +1,5 @@
+CANADA 91-DAY T-BILLS AVERAGE 7.03 PCT, MAKING BANK RATE 7.28 PCT
+
+  CANADA 91-DAY T-BILLS AVERAGE 7.03 PCT, MAKING BANK RATE 7.28 PCT
+  
+
diff --git a/reuters/training/441 b/reuters/training/441
new file mode 100644
index 0000000000000000000000000000000000000000..b0c23b999995f4e21de289a21a354ff31118607b
--- /dev/null
+++ b/reuters/training/441
@@ -0,0 +1,18 @@
+BANK OF NEW YORK <BK> TO HAVE GAIN ON UNIT SALE
+  Bank of New York Co said it and the
+  management of RMJ Securities Corp have agreed to sell 80 pct of
+  their interests in RMJ Holding Corp to <British and
+  Commonwealth Holdings PLC> and Bank of New York expects to
+  realize a substantial gain on the transaction.
+      RMJ Holding is the holding company for RMJ Securities, a
+  large broker of U.S. government securities and agency
+  obligations  Bank of New York owns a majority interest in RMJ
+  Holding and management of RMJ Securities the remainder.
+      Bank of New York said the sale is expected to be completed
+  during the second quarter.
+      It said it and RMJ Securities management will continue to
+  own 20 pct of RMJ Holding for now, but the agreement provides
+  for the sale of that remaining interest to British and
+  Commonwealth over the next six years.
+  
+
diff --git a/reuters/training/4410 b/reuters/training/4410
new file mode 100644
index 0000000000000000000000000000000000000000..a379d8f6185bbd01dd44de746c4f49cf56bcd712
--- /dev/null
+++ b/reuters/training/4410
@@ -0,0 +1,11 @@
+NORTH AMERICAN <NAHL> SEES RECORD FOURTH QTR
+  North American Holding Corp
+  said it expects to have record fourth quarter earnings and for
+  sales to exceed 10 mln dlrs.
+      For the fourth quarter ended March 30, 1986 the company
+  reported net income of 631,720 dlrs on sales of 5.2 mln dlrs.
+      It also said it expects revenues for the year to exceed 30
+  mln dlrs. For fiscal 1986, North American reported a net loss
+  of 126,900 dlrs on sales of 12.8 mln dlrs.
+  
+
diff --git a/reuters/training/4411 b/reuters/training/4411
new file mode 100644
index 0000000000000000000000000000000000000000..409f1cf52d73b9414a7e848d46be8341ef2ac091
--- /dev/null
+++ b/reuters/training/4411
@@ -0,0 +1,11 @@
+INVESTORS UP INTERMEDICS <ITM> STAKE TO 16.8 PCT
+  A group of investment firms told the
+  Securities and Exchange Commission they raised their stake in
+  Intermedics Inc to 1,721,900 shares, or 16.8 pct of the total
+  outstanding, from 1,565,900 shares, or 15.2 pct.
+      Bessemer Securities Corp, a New York investment firm,
+  Cilluffo Associates L.P., a New York investment partnership,
+  and related entities said they bought 156,000 Intermedics
+  common shares between February 24 and March 9 for 1.4 mln dlrs.
+  
+
diff --git a/reuters/training/4412 b/reuters/training/4412
new file mode 100644
index 0000000000000000000000000000000000000000..7785c862439c23872ee34460bdd6085079ef9771
--- /dev/null
+++ b/reuters/training/4412
@@ -0,0 +1,6 @@
+WAL-MART STORES INC <WMT> RAISES QUARTERLY
+  Qtly div six cts vs 4-1/4 cts prior
+      Pay April 10
+      Record March 23
+  
+
diff --git a/reuters/training/4419 b/reuters/training/4419
new file mode 100644
index 0000000000000000000000000000000000000000..a7a5feda12b2b74c6b87bcce0c111313fbb22211
--- /dev/null
+++ b/reuters/training/4419
@@ -0,0 +1,8 @@
+OPTROTECH LTD <OPTKF> YEAR NET
+  Shr 13 cts vs 50 cts
+      Net 651,397 vs 2,602,120
+      Revs 26.4 mln vs 21.6 mln
+      NOTE: 1986 net includes gain 291,027 dlr gain from quantity
+  discount rebates on purchases of materials in prior years.
+  
+
diff --git a/reuters/training/442 b/reuters/training/442
new file mode 100644
index 0000000000000000000000000000000000000000..8ff0d9d574561a422c47a123015e25ed40b1bd0d
--- /dev/null
+++ b/reuters/training/442
@@ -0,0 +1,11 @@
+CORNING <GLW>, HAZLETON <HLC> SET EXCAHNGE RATIO
+  Corning Glass Works said the
+  exchange ratio for its previously announced acquisition of
+  Hazleton Laboratories Corp has been established at 0.5165
+  Corning common share for each Hazleton common share.
+      Corning said the prospectus regarding the merger is
+  expected to be mailed tomorrow to all Hazleton holders of
+  record February 18. Hazleton shareholders will vote on the
+  proposed merger at a special meeting on March 31.
+  
+
diff --git a/reuters/training/4420 b/reuters/training/4420
new file mode 100644
index 0000000000000000000000000000000000000000..364e6c23d9d7c4f1d85386be791342226d05ade2
--- /dev/null
+++ b/reuters/training/4420
@@ -0,0 +1,11 @@
+NORTH ATLANTIC TECHNOLOGIES <NATT> 4TH QTR
+  Shr loss 20 cts vs loss 14 cts
+      Net loss 352,000 vs loss 248,000
+      Revs 285,000 vs 681,000
+      Year
+      Shr loss 92 cts vs loss 49 cts
+      Net loss 1,613,000 vs loss 842,000
+      Revs 1,523,000 vs 2,557,000
+      NOTE: Full name is North Atlantic Technologies Inc
+  
+
diff --git a/reuters/training/4425 b/reuters/training/4425
new file mode 100644
index 0000000000000000000000000000000000000000..5357055dd5cd5486574d8a544be8a55939168fbd
--- /dev/null
+++ b/reuters/training/4425
@@ -0,0 +1,40 @@
+MONTEDISON, OTHER REFINERIES TO SHUT FOR WORK
+  Selm-Societa Energia Montedison is to
+  close its Priolo crude refining units from March 15th to March
+  28th for maintenance, a company spokesman said.
+      Throughput at the refinery is currently estimated at
+  140-150,000 bpd, although total capacity is nearer 200,000 bpd.
+      Several other Mediterranean refineries are currently
+  shutdown for maintenance, most of which were scheduled some
+  months ago. But industry sources said that shutdowns may have
+  been rearranged to avoid running negative-netback crude.
+       Tighter availabilities of products as a result of the 
+  shutdowns in the Med is helping to keep products markets
+  bullish, particularly for March deliveries, oil traders said.
+      Garrone's refinery at San Quirico (capacity 130,000 bpd) is
+  due to shutdown on March 14th for three weeks, and the
+  jointly-owned ISAB/Garrone refinery at Mellili, capacity
+  220,000 bpd, is due to start up around March 20-25th following
+  its closure for maintenance a month ago, a company spokesman
+  said.
+      The Esso Italiana refineries at Augusta and Siracusa will
+  not be closing this spring, a spokesman for the company said.
+      In France, the distillation unit at Societe Francaise de
+  BP's Lavera refinery has been closed for maintenance since
+  March 2, and is due to restart early April. Total capacity is
+  181,900 bpd. It is currently operating at around 50 pct
+  capacity, a company spokesman said.
+      Shell Francaise's Berre l'Etang refinery will shut down in
+  early April until mid-June, a company spokesman said. Capacity
+  is around 150,000 bpd. Compagnie Francaise de Raffinage (CFR)
+  will close the visbreaker at its La Mede refinery in early
+  April, but would not affect crude throughput at the refinery, a
+  company spokesman said. Current capacity is 136,000 bbl/day.
+      Despite current bullish sentiment in the Med, however,
+  traders noted that crude netbacks are beginning to look more
+  attractive, and most maintenance shutdowns should be finished
+  in two to three weeks.
+      As a result, oil industry sources suggest that the
+  situation may ease by mid-April.
+  
+
diff --git a/reuters/training/4429 b/reuters/training/4429
new file mode 100644
index 0000000000000000000000000000000000000000..e901665db21f118ea526e625782df961e6ca46a1
--- /dev/null
+++ b/reuters/training/4429
@@ -0,0 +1,25 @@
+ATTACKS AFFECT COLOMBIA'S OIL OUTLOOK-ECOPETROL
+  Continuous rebel raids against oil
+  pipelines and foreign exploration camps endanger Colombia's
+  present oil bonanza, Franciso Chona, manager of the state-run
+  oil company Ecopetrol said.
+      "It seems the subversion wants to end with our oil bonanza,"
+  he told reporters.
+      He was speaking after a meeting with Defense Minister
+  Rafael Samudio, military chiefs and Mines and Energy Minister
+  Guillermo Perry to review the security situation in the light
+  of a recent upsurge of leftist guerrilla attacks in the
+  oil-rich Arauca region, bordering Venezuela.
+      Ecopetrol chief of security, Retired General Carlos
+  Narvaez, said security measures would be stricter and that the
+  armed forces were closely collaborating but gave no details.
+      Samudio said new plans had been designed and hoped they
+  would be effective. Samudio stressed that, despite the most
+  recent attacks, which cost more than four mln dlrs in damage,
+  the overall situation had improved compared with last December
+  when initial measures were taken to combat a wave of attacks.
+      Repeated bombings of a vital pipeline from the Cano Limon
+  oilfield to the Caribbean then led to a loss of 51,000 barrels
+  of crude.
+  
+
diff --git a/reuters/training/443 b/reuters/training/443
new file mode 100644
index 0000000000000000000000000000000000000000..48e480ec5f8104e303b254b1581e08e37fd71eac
--- /dev/null
+++ b/reuters/training/443
@@ -0,0 +1,14 @@
+HEALTH EXPERTS URGE ERADICATION OF RINDERPEST
+  World animal health experts called for a
+  campaign to eradicate the lethal cattle disease Rinderpest in
+  Bangladesh, Bhutan, India, Nepal and Pakistan, a statement from
+  a Food and Agriculture Organization (FAO) meeting here said.
+      Some 230 mln dlrs is needed over two years to vaccinate the
+  entire susceptible cattle population in Bangladesh and Pakistan
+  and high-risk areas of the other three countries. In India some
+  240 mln cattle are estimated to be at risk from the disease.
+      The experts recommended the campaign be funded mostly by
+  the governments of the five nations, with help from the FAO.
+  Similar campaigns are needed in Egypt, Yemen, Iraq and Iran.
+  
+
diff --git a/reuters/training/4431 b/reuters/training/4431
new file mode 100644
index 0000000000000000000000000000000000000000..d938b0f8e645fb1f1af9bbf2fb1eaf766b82873b
--- /dev/null
+++ b/reuters/training/4431
@@ -0,0 +1,26 @@
+PERU'S CENTROMIN SAYS NO COPPER FORCE MAJEURE
+  Peru's biggest state mining firm,
+  Centromin SA, said today there was no immediate force majeure
+  possibility on its copper shipments after guerrillas blew up a
+  railway line, interrupting train traffic from the Cobriza
+  copper mine to the Pacific coast.
+      A Centromin spokesman said the managers of the mine at
+  Cobriza could always ship the the mineral by road to the coast
+  for export if the train line continued interrupted. Cobriza
+  produced the equivalent of around 40,600 fine tonnes of copper
+  last year.
+      Maoist guerrillas using dynamite interrupted train traffic
+  two days ago when they blew up railway tracks and derailed a
+  train laden with minerals 225 km (135 miles) east of Lima at
+  Chacapalca, between the coast and Cobriza.
+      An official at Minero Peru Comercial, Minpeco, Peru's state
+  minerals marketing firm, confirmed there had been no
+  declaration of force majeure on the shipments from Cobriza.
+      Officials at National Train Company, Enafer, headquarters
+  in Lima, the Peruvian capital, declined to comment on when
+  train traffic would be restored to Cobriza.
+      But an Enafer official, reached by telephone in the central
+  Andean city of Huancayo, near Chacapalca, said traffic could be
+  restored by Saturday.
+  
+
diff --git a/reuters/training/4433 b/reuters/training/4433
new file mode 100644
index 0000000000000000000000000000000000000000..d4488200bec95cee72ffb51b6f4d685b5e5bd509
--- /dev/null
+++ b/reuters/training/4433
@@ -0,0 +1,5 @@
+PARKER DRILLING SUSPENDS QUARTERLY DIVIDEND
+
+  PARKER DRILLING SUSPENDS QUARTERLY DIVIDEND
+  
+
diff --git a/reuters/training/4434 b/reuters/training/4434
new file mode 100644
index 0000000000000000000000000000000000000000..60b4f62113be25def710434e98ddf45b151594cb
--- /dev/null
+++ b/reuters/training/4434
@@ -0,0 +1,5 @@
+FIRST GRANITE BANCORP INC AGREES TO BE ACQUIRED BY MAGNA GROUP INC FOR STOCK
+
+  FIRST GRANITE BANCORP INC AGREES TO BE ACQUIRED BY MAGNA GROUP INC FOR STOCK
+  
+
diff --git a/reuters/training/4436 b/reuters/training/4436
new file mode 100644
index 0000000000000000000000000000000000000000..0ac3278ca431918540f098641a08b6c1a8d52c14
--- /dev/null
+++ b/reuters/training/4436
@@ -0,0 +1,27 @@
+ARGENTINE VEGETABLE OILS SHIPMENTS IN JAN/NOV 1986
+  Argentine Vegetable oils shipments
+  during January/November 1986 totalled 1,693,951 tonnes, against
+  1,469,208 tonnes in the same 1985 period, the Argentine grain
+  board said.
+      The breakdown was: cotton 4,000 (27,900), sunflower 929,847
+  (816,727), linseed 113,827 (132,954), groundnutseed 26,248
+  (25,508), soybean 603,335 (448,344), tung 8,402 (10,633), olive
+  2,234 (3,465), maize 6,058 (3,677), rapeseed nil (nil), grape
+  nil (nil), the board added.
+      Shipments during November 1986 amounted to 138,257 tonnes,
+  against 109,250 tonnes in the same month of 1985.
+      The breakdwon was, in tonnes, cotton nil (nil), sunflower
+  27,715 (43,064), linseed 5,228 (4,473), groundnutseed 819
+  (3,647), soybean 104,314 (56,901), tung 20 (nil), olive 161
+  (858), maize nil (307), rapeseed nil (nil), grape nil (nil),
+  the board said.
+      The ten principal destinations during January/November
+  1986, with comparative figures for the same 1985 period in
+  brackets, were, in tonnes:
+      Holland 201,660 (204,391), Iran 182,042 (181,228), Soviet
+  Union 163,150 (266,389),Egypt 158,119 (159,350), Algeria
+  116,330 (11,492), Brazil 101,116 (59,430) , South Africa 94,700
+  (101,062) , Cuba 89,957 (98,740) , United States 80,109 (nil),
+  India 67,182 (17,403), the board added.
+  
+
diff --git a/reuters/training/4437 b/reuters/training/4437
new file mode 100644
index 0000000000000000000000000000000000000000..a932dc4a46991996d598ec9d22ca22e9ccffa172
--- /dev/null
+++ b/reuters/training/4437
@@ -0,0 +1,10 @@
+PARKER DRILLING <PKD> SUSPENDS PAYOUT
+  Parker Drilling Co said its board
+  of directors voted to suspend the payment of dividends to
+  shareholders.
+      Parker Drilling said it has been paying a quarterly
+  dividend of one ct a share of common stock.
+      The company said it expects to save 1.3 mln dlrs a year
+  through the dividend suspension.
+  
+
diff --git a/reuters/training/4438 b/reuters/training/4438
new file mode 100644
index 0000000000000000000000000000000000000000..0521875d4510e61a161f13f74efc8f1bdd6af844
--- /dev/null
+++ b/reuters/training/4438
@@ -0,0 +1,13 @@
+EQK REALTY INVESTORS <EKR> 4TH QTR NET
+  Shr nine cts vs 22 cts
+      Net 700,000 vs 2,200,000
+      Revs 5,400,000 vs 5,700,000
+      Avg shrs 7,589,344 vs 10.1 mln
+      12 mths
+      Shr 43 cts
+      Net 3,500,000
+      Revs 21.6 mln
+      NOTE: 12 mth figures not available for 1985 since company
+  started operations March 31, 1985.
+  
+
diff --git a/reuters/training/4439 b/reuters/training/4439
new file mode 100644
index 0000000000000000000000000000000000000000..43c3e1cf9a12ca4372dab5309706add92feaee6b
--- /dev/null
+++ b/reuters/training/4439
@@ -0,0 +1,6 @@
+MASCO CORP <MAS> REGULAR DIVIDEND SET
+  Qtly div nine cts vs nine cts previously
+      Pay May 11
+      Record April 17
+  
+
diff --git a/reuters/training/444 b/reuters/training/444
new file mode 100644
index 0000000000000000000000000000000000000000..ee6b335e5aebd41c3959bcf2ab725d50742bf8af
--- /dev/null
+++ b/reuters/training/444
@@ -0,0 +1,12 @@
+TURKISH RETAIL PRICES RISE 2.7 PCT IN FEBRUARY
+  Turkish retail prices rose 2.7 pct in
+  February after 2.9 pct in January and 1.7 pct in February 1986,
+  the State Statistics Institute said.
+      Prices in the year to February rose 31.6 pct, compared with
+  30.3 pct in the year to January and 38.8 pct in the 12 months
+  to February 1986.
+      The index (base 1978/79), covering 14 towns and five
+  regions, was 1,886.8 in February, 1,837.2 in January and
+  1,434.0 in February 1986.
+  
+
diff --git a/reuters/training/4440 b/reuters/training/4440
new file mode 100644
index 0000000000000000000000000000000000000000..f9943bfc16f518ffc9a7d8220164964ee7be5320
--- /dev/null
+++ b/reuters/training/4440
@@ -0,0 +1,6 @@
+EQK REALTY INVESTORS I <EKR> SETS PAYOUT
+  Qtrly div 41.5 cts vs 41.5 cts prior
+      Pay July 29
+      Record June 15
+  
+
diff --git a/reuters/training/4445 b/reuters/training/4445
new file mode 100644
index 0000000000000000000000000000000000000000..867218b2ea785ed2343d56ffec57ab1d62d983e4
--- /dev/null
+++ b/reuters/training/4445
@@ -0,0 +1,3 @@
+12-MAR-1987
+  12-MAR-1987
+
diff --git a/reuters/training/4446 b/reuters/training/4446
new file mode 100644
index 0000000000000000000000000000000000000000..e64dbf6b64f5a39201c56046f8fc746d149c04a3
--- /dev/null
+++ b/reuters/training/4446
@@ -0,0 +1,6 @@
+IPCO CORP <IHS> SETS REGULAR PAYOUT
+  Qtrly div nine cts vs nine cts prior
+      Pay May 1
+      Record April 9
+  
+
diff --git a/reuters/training/4447 b/reuters/training/4447
new file mode 100644
index 0000000000000000000000000000000000000000..7e79b56877b64f5d99336b74836a51dcf07bdcf8
--- /dev/null
+++ b/reuters/training/4447
@@ -0,0 +1,18 @@
+FIRST GRANITE <FGBI> AGREES TO BE ACQUIRED
+  First Granite Bancorp Inc
+  said it agreed in principle to become a wholly owned subsidiary
+  of Magna Group Inc <MAGI>.
+      Under terms of the agreement, First Granite shareholders
+  will receive 2.175 shares of Magna for each First Granite share
+  held. First Granite shareholders will be asked to approve the
+  tranaction in late summer.
+      First Granite, which has 675,000 shares outstanding, as of
+  Dec 31, 1986 had assets of 186.5 mln dlrs. It owns First
+  Granite City National Bank and Colonial Bank of Granite City,
+  Ill.
+      Magna Groups as of Dec 31, 1986 had assets of 1.47 billion
+  dlrs. It owns 13 banks, a data services company, a mortgage
+  company and a trust company, serving St. Louis as well as
+  Springfield, Centralia and Decatur, Ill.
+  
+
diff --git a/reuters/training/4449 b/reuters/training/4449
new file mode 100644
index 0000000000000000000000000000000000000000..0e4937c6f0282a57777e7bbaf5b9d53c59aa75b8
--- /dev/null
+++ b/reuters/training/4449
@@ -0,0 +1,5 @@
+CANADIAN IMPERIAL BANK OF COMMERCE CUTS PRIME RATE TO 8.75 PCT FROM 9.25 - TOMORROW
+
+  CANADIAN IMPERIAL BANK OF COMMERCE CUTS PRIME RATE TO 8.75 PCT FROM 9.25 - TOMORROW
+  
+
diff --git a/reuters/training/4451 b/reuters/training/4451
new file mode 100644
index 0000000000000000000000000000000000000000..2c80b4cedc6c44ffb5eedf0ffe0dd9e7a578bc5f
--- /dev/null
+++ b/reuters/training/4451
@@ -0,0 +1,11 @@
+THERMWOOD CORP <THM> 2ND QTR JAN 31 NET
+  Shr three cts vs three cts
+      Net 165,798 vs 143,872
+      Sales 1,787,561 vs 1,072,686
+      Six mths
+      Shr four cts vs four cts
+      Net 175,928 vs 191,310
+      Sales 3,137,695 vs 2,723,557
+      Avg shrs 4,862,046 vs 4,722,150
+  
+
diff --git a/reuters/training/4452 b/reuters/training/4452
new file mode 100644
index 0000000000000000000000000000000000000000..63c06311a661288e891ba09665d1681fbbc1cbc3
--- /dev/null
+++ b/reuters/training/4452
@@ -0,0 +1,6 @@
+PERINI INVESTMENT PROPERTIES <PNV> RAISES PAYOUT
+  Qtly div 15 cts vs 12 cts in prior qtr
+      Payable June 25
+      Record May 28
+  
+
diff --git a/reuters/training/4453 b/reuters/training/4453
new file mode 100644
index 0000000000000000000000000000000000000000..d771ade42915a834d31a5d8eb05f9458022e299f
--- /dev/null
+++ b/reuters/training/4453
@@ -0,0 +1,11 @@
+SUN <SUN> RAISES CRUDE POSTINGS 50 CTS
+  Sun Co said it raised the contract
+  price it will pay for crude oil 50 cts a barrel, effective
+  today.
+      The increase brings Sun's posted price for the West Texas
+  Intermediate and West Texas Sour grades to 17.50 dlrs/bbl. The
+  Light Louisiana Sweet grade was also raised 50 cts to 17.85
+  dlrs/bbl.
+      Sun Co last changed its crude postings on March 4.
+  
+
diff --git a/reuters/training/4454 b/reuters/training/4454
new file mode 100644
index 0000000000000000000000000000000000000000..9db154e16860bae06af090077db6d7449a149900
--- /dev/null
+++ b/reuters/training/4454
@@ -0,0 +1,7 @@
+PETROLEUM AND RESOURCES CORP <PEO> DIVIDEND
+  Interim income dividend 20 cts. Last paid 1.14 dlrs
+  February 27, including capital gains of 50 cts.
+      Pyable April 20
+      Record April eight
+  
+
diff --git a/reuters/training/4455 b/reuters/training/4455
new file mode 100644
index 0000000000000000000000000000000000000000..02125fdb64d138df5936405d916730dad89d822e
--- /dev/null
+++ b/reuters/training/4455
@@ -0,0 +1,5 @@
+ROYAL BANK OF CANADA LOWERS PRIME RATE TO 8-3/4 PCT, DOWN 1/2
+
+  ROYAL BANK OF CANADA LOWERS PRIME RATE TO 8-3/4 PCT, DOWN 1/2
+  
+
diff --git a/reuters/training/4457 b/reuters/training/4457
new file mode 100644
index 0000000000000000000000000000000000000000..d7b6b821083ad361f56ab6a59b0f0ce582f3a4d0
--- /dev/null
+++ b/reuters/training/4457
@@ -0,0 +1,11 @@
+NEW LINE CINEMA CORP <NLN> 4TH QTR NET
+  Shr 11 cts vs nine cts
+      Net 677,498 vs 461,485
+      Revs 6,271,010 vs 5,135,729
+      Year
+      Shr 81 cts vs 20 cts
+      Net 4,406,065 vs 973,967
+      Revs 26.5 mln vs 14.1 mln
+      Avg shrs 5,457,339 vs 4,978,965
+  
+
diff --git a/reuters/training/4458 b/reuters/training/4458
new file mode 100644
index 0000000000000000000000000000000000000000..7310f2b00613f88b83867e688fe935630b6af95b
--- /dev/null
+++ b/reuters/training/4458
@@ -0,0 +1,15 @@
+OTTAWA SEEKS EXPLANATION OF CREDIT CARD RATES
+  Minister of State for Finance Tom Hockin
+  said he has asked the Canadian Bankers Association, an industry
+  lobby group, for an explanation of the level of credit card
+  interest rates.
+      Hockin said he hopes to here the association's response on
+  the "important" issue soon. Hockin was responding to questions
+  in the House of Commons about why credit card rates, which run
+  as high as 28 pct per year, remain high when other rates are
+  falling.
+      Today, the Canadian bank rate fell to 7.28 pct from 7.54
+  pct last week and the Canadian Imperial Bank of Commerce cut
+  its prime rate, effective tomorrow, to 8.75 pct from 9.25 pct.
+  
+
diff --git a/reuters/training/4459 b/reuters/training/4459
new file mode 100644
index 0000000000000000000000000000000000000000..1ffabddc71fdf27867478989ad111b2acf9b0f5a
--- /dev/null
+++ b/reuters/training/4459
@@ -0,0 +1,6 @@
+IPCO CORP <IHS> REGULAR DIVIDEND
+  Qtly div nine cts vs nine cts in prior qtr
+      Payable May one
+      Record Apreil nine
+  
+
diff --git a/reuters/training/4460 b/reuters/training/4460
new file mode 100644
index 0000000000000000000000000000000000000000..a480be5b575a0e0517ef082ce6bf6315e2fcc11d
--- /dev/null
+++ b/reuters/training/4460
@@ -0,0 +1,5 @@
+ASAMERA INC YEAR OPER SHR LOSS 48 CTS VS PROFIT 50 CTS
+
+  ASAMERA INC YEAR OPER SHR LOSS 48 CTS VS PROFIT 50 CTS
+  
+
diff --git a/reuters/training/4462 b/reuters/training/4462
new file mode 100644
index 0000000000000000000000000000000000000000..1b23f51eb157b5a4838c982ce4a6f931b684edea
--- /dev/null
+++ b/reuters/training/4462
@@ -0,0 +1,5 @@
+DIAMOND SHAMROCK RAISED CRUDE BY 50 CTS/BBL TODAY. WTI UP TO 17.50 DLRS.
+
+  DIAMOND SHAMROCK RAISED CRUDE BY 50 CTS/BBL TODAY. WTI UP TO 17.50 DLRS.
+  
+
diff --git a/reuters/training/4465 b/reuters/training/4465
new file mode 100644
index 0000000000000000000000000000000000000000..8ffe168c2dda608c870b016905fc38cee613f89d
--- /dev/null
+++ b/reuters/training/4465
@@ -0,0 +1,18 @@
+ALLEGHNEY INTERNATIONAL <AG> FACES ADDED COUNT
+  Alleghney International Inc said the
+  plaintiffs in the existing lawsuits opposing its sale requested
+  an amendment to their complaint to include a class action
+  count.
+      Alleghney said the suit, filed in the U.S. District Court
+  for the Western District of Pennsylvania, was aimed at blocking
+  the sale of Alleghney to an affiliate of First Boston Inc.
+      Allegheney said the additional count sought by the
+  plaintiffs alleges the price to be offered for AI's common
+  stock, 24.60 dlrs, is grossly unfair and one the purposes of
+  the proposed sale is to absolve the individual defendants of
+  liability in the lawsuit.
+       The additional count among other forms of relief, requests
+  an injunction against the defendants from taking any steps to
+  accomplish the proposed sale, Alleghney said.
+  
+
diff --git a/reuters/training/4466 b/reuters/training/4466
new file mode 100644
index 0000000000000000000000000000000000000000..5302a02b0647d96fc005fea24a4b9eb413c085d9
--- /dev/null
+++ b/reuters/training/4466
@@ -0,0 +1,5 @@
+PHILLIPS RAISES CRUDE POSTINGS 50 CTS EFFECTIVE TODAY, WTI TO 17.50 dlrs/bbl
+
+  PHILLIPS RAISES CRUDE POSTINGS 50 CTS EFFECTIVE TODAY, WTI TO 17.50 dlrs/bbl
+  
+
diff --git a/reuters/training/4467 b/reuters/training/4467
new file mode 100644
index 0000000000000000000000000000000000000000..54805105af08cb93e8a68877173250826a0c5009
--- /dev/null
+++ b/reuters/training/4467
@@ -0,0 +1,15 @@
+U.S. SEISMIC CREW COUNT DROPS 6 PCT IN FEBRUARY
+  The number of seismic crews
+  searching for oil and gas in the United States dropped by nine
+  to a total of 151 crews, a decrease of six pct from January,
+  the Society of Exploration Geophysicists said.
+      The February total represented a 49 pct decrease from
+  February 1986.
+      Worldwide, the association's monthly survey showed that
+  seismic exploration for oil and gas increased to 395 in
+  February, up three from the month before. Africa added three
+  seismic crews, the Middle East increased by two and the Far
+  East added one while reductions were reported in Central and
+  South America, Europe and the United States.
+  
+
diff --git a/reuters/training/4468 b/reuters/training/4468
new file mode 100644
index 0000000000000000000000000000000000000000..867218b2ea785ed2343d56ffec57ab1d62d983e4
--- /dev/null
+++ b/reuters/training/4468
@@ -0,0 +1,3 @@
+12-MAR-1987
+  12-MAR-1987
+
diff --git a/reuters/training/447 b/reuters/training/447
new file mode 100644
index 0000000000000000000000000000000000000000..8b1a706e6b7a21f42f42bf8a2e0adce4261be11a
--- /dev/null
+++ b/reuters/training/447
@@ -0,0 +1,10 @@
+BALLY <BLY> COMPLETES PURCHASE OF GOLDEN NUGGET
+  Bally Manufacturing Corp said it
+  completed the acquisition of the Golden Nugget Casino Hotel in
+  Atlantic City, New Jersey from Golden Nugget Inc.
+      Bally also acquired from Golden Nugget various parcels of
+  real estate in Atlantic City, it noted.
+      The transaction included 140 mln dlrs in cash and stock and
+  the assumption of a 299 mln dlrs mortgage.
+  
+
diff --git a/reuters/training/4470 b/reuters/training/4470
new file mode 100644
index 0000000000000000000000000000000000000000..d285cd0972a0753498b488ed6f399b87d1032dbe
--- /dev/null
+++ b/reuters/training/4470
@@ -0,0 +1,76 @@
+PESSIMISM MOUNTS OVER BAHIAN TEMPORAO COCOA CROP
+  Pessimism over the effects of a
+  prolonged dry spell on the coming Bahian temporao cocoa crop is
+  rising with trade forecasts generally in the 2.0 mln to 2.5 mln
+  bag range against 2.5 mln to 3.0 mln a fortnight ago.
+      Trade sources told Reuters from the state capital of
+  Salvador that despite scattered rains since mid-February, which
+  broke a six week drought, plantations have not picked up as
+  hoped and very little cocoa is expected to be gathered in the
+  first three months of the May/September crop.
+      The sources said arrivals from May through July might only
+  reach around 600,000 bags whereas in normal years a figure of
+  1.0 mln to 1.5 mln bags might be expected.
+      Arrivals from then should start to pick up sharply as pods
+  from current flowering are gathered. However, the sources noted
+  a late temporao is always more susceptible to pod rot, which
+  flourishes if conditions turn cold and humid, and which is more
+  likely from late July on.
+      This year's crop is doubly susceptible because poor prices
+  mean farmers were not encouraged to invest in fertilisers and
+  insecticides and are also unlikely to treat against pod rot.
+      A severe attack of pod rot can cause the loss of over
+  500,000 bags in a very short period, one source said.
+      Because of the increased exposure to pod rot damage,
+  estimates of the final outcome of the temporao are extremely
+  vulnerable and production could easily drop to below the 2.0
+  mln bag mark if the disease hits.
+      Although flowering was good following the start of the
+  rains, pod setting was not up to expectations, possibly because
+  the drought had caused a drop in the insect population which
+  pollinates flowers, the sources said.
+      However, reports from farms indicate moisture levels are
+  now generally back to near normal levels and that current
+  flowering and pod setting is good, which should result in
+  mature fruit from August through September.
+      The sources said they expect no break in the harvesting of
+  beans between the end of the temporao and the beginning of the
+  main crop, which officially starts on October 1.
+      "The cut-off date is completely artificial. If things go
+  well from now on we should see heavy harvesting without a break
+  from August through November or even December," one said.
+      If predictions of a 2.0 to 2.5 mln bag temporao prove
+  accurate this would be below the 2.7 mln bag average for the
+  past 10 years. The last poor temporao was in 1984 when
+  prolonged drought and later pod rot cut production to 1.79 mln
+  bags, the lowest since 1974.
+      Good growing conditions the following year produced a
+  temporao of 3.12 mln bags, just below the 1983 3.17 mln bag
+  record, while last year's output, which also suffered some
+  drought damage, was 2.77 mln bags.
+      Figures for the coming temporao might be distorted upwards
+  by the inclusion of undeclared current main crop beans.
+      The sources said large quantities of beans are believed to
+  have been undeclared from this year's record total harvest and
+  they were unsure how much of this would be unregistered by the
+  end of the official crop year on April 30.
+      Recent official arrivals figures have been swollen by the
+  inclusion of beans which had been delivered previously to port
+  warehouses but not declared.
+      Because of the high turnover of beans this year,
+  significant amounts have deteriorated because they were stored
+  too long at the back of warehouses. Some of these are expected
+  to be held for mixing in with early temporao arrivals.
+      With official arrivals figures for the 1986/87 temporao and
+  main crops totalling over 6.1 mln bags, and over seven weeks
+  still to go to the end of the year, the total outturn should be
+  at least a record 6.5 mln bags if all production is declared,
+  the sources said.
+      This would compare with the previous record set last year
+  of 6.03 mln.
+      However, there is no way of telling how many current crop
+  beans will be declared after the May 1 start of the temporao
+  and thus the true size of the 1986/87 harvest may never be
+  officially registered.
+  
+
diff --git a/reuters/training/4472 b/reuters/training/4472
new file mode 100644
index 0000000000000000000000000000000000000000..db64972dd0e31e56497126df06e525e7be653cd8
--- /dev/null
+++ b/reuters/training/4472
@@ -0,0 +1,10 @@
+ROSE'S STORES INC <RSTO> 4TH QTR JAN 28
+  Shr 37 cts vs 37 cts
+      net 7.6 mln vs 7.5 mln
+      Revs 383.9 mln vs 326.3 mln
+      Year
+      Shr 1.17 dlrs vs 99 cts
+      Net 24.0 mln vs 20.3 mln
+      Revs 1.2 billion vs 1.0 billion
+  
+
diff --git a/reuters/training/4473 b/reuters/training/4473
new file mode 100644
index 0000000000000000000000000000000000000000..d98905258da33274bd1048e85d13bba9160eb345
--- /dev/null
+++ b/reuters/training/4473
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 120,000 TONNES WHEAT  PURCHASED FROM FOREIGN SELLERS FOR 1987/88
+
+  U.S. EXPORTERS REPORT 120,000 TONNES WHEAT  PURCHASED FROM FOREIGN SELLERS FOR 1987/88
+  
+
diff --git a/reuters/training/4474 b/reuters/training/4474
new file mode 100644
index 0000000000000000000000000000000000000000..b32bf1ec49846048ca13dd2e93f0424c2286cf00
--- /dev/null
+++ b/reuters/training/4474
@@ -0,0 +1,12 @@
+PHILLIPS <P> RAISES CRUDE POSTINGS 50 CTS
+  Phillips Petroleum said it raised the
+  contract price it will for all grades of crude oil 50 cts a
+  barrel, effective today.
+      The increase brings Phillip's posted price for the West
+  Texas Intermediate and West Texas Sour grades to 17.50 dlrs a
+  bbl.
+      Phillips last changed its crude oil postings on March 4.
+      The price increase follows similar moves by USX's <X>
+  subsidiary, Marathon oil, and Sun Co <SUN> earlier today.
+  
+
diff --git a/reuters/training/4475 b/reuters/training/4475
new file mode 100644
index 0000000000000000000000000000000000000000..381570b92c6dd6c2024b1f9a5cc95012f5ec2239
--- /dev/null
+++ b/reuters/training/4475
@@ -0,0 +1,13 @@
+ASAMERA INC <ASM> YEAR LOSS
+  Oper shr loss 48 cts vs profit 50 cts
+      Oper net loss 11.3 mln vs profit 18.1 mln
+      Revs 262.8 mln vs 399.7 mln
+      Note: 1986 net excludes tax gain of 1.1 mln dlrs or three
+  cts shr vs yr-ago gain of 5.6 mln dlrs or 17 cts shr.
+      1986 net includes 15 mln dlr charge for reduction in
+  carrying value of refinery and related assets. 1985 net
+  includes 10.8 mln dlr gain on sale of Canadian natural gas
+  property.
+      U.S. dlrs.
+  
+
diff --git a/reuters/training/4476 b/reuters/training/4476
new file mode 100644
index 0000000000000000000000000000000000000000..8cae1ffc40db86f06b8c46593f8e1d834981d8cb
--- /dev/null
+++ b/reuters/training/4476
@@ -0,0 +1,19 @@
+LVI GROUP INC <LVI> 4TH QTR OPER NET
+  Oper shr profit two cts vs loss 19 cts
+      Oper net profit 523,000 vs loss 2,191,000
+      Revs 102.5 mln vs 39.9 mln
+      Avg shrs 20.0 mln vs 11.1 mln
+      Year
+      Oper shr profit 11 cts vs loss 29 cts
+      Oper net profit 2,240,000 vs loss 2,884,000
+      Revs 304.4 mln vs 50.3 mln
+      Avg shrs 19.4 mln vs 9,759,000
+       NOTE: 1986 4th qtr and year oper net excludes a gain of
+  492,000 dlrs and 1,241,000 dlrs, respectively, for
+  carryforwards and a loss of 135,000 dlrs and 533,000 dlrs,
+  respectively, for early extinguishment of debt.
+      1985 4th qtr and year oper net excludes a loss of 1,457,000
+  dlrs or 14 cts per share and loss 1,735,000 dlrs or 18 cts per
+  share, respectively, for discontinued operations.
+  
+
diff --git a/reuters/training/4477 b/reuters/training/4477
new file mode 100644
index 0000000000000000000000000000000000000000..796457d90136aafb320ed39a3d5f6b194ff28e26
--- /dev/null
+++ b/reuters/training/4477
@@ -0,0 +1,82 @@
+TALKING POINT/PUROLATOR COURIER CORP <PCC>
+  Purolator Courier corp's stock rose on
+  specualtion that a disgruntled former Purolator director would
+  find a new suitor for the company, traders said.
+      Purolator agreed in late February to a 35 dlr-a-share, 265
+  mln-dlr offer from E.F. Hutton LBO Inc and certain members of
+  its Purolator courier division's management.
+      The stock today hit 36-1/4, up one.
+      Today, Purolator revealed in a filing with the Securities
+  and Exchange Commission that director Doresy Gardner resigned
+  from its board of directors in a letter dated March 10.
+      The letter from Gardner said he resigned the board because
+  the merger agreement with Hutton barred directors from
+  soliciting new offers and he believes shareholders might get a
+  better deal. Gardner said he believes a better offer might be
+  found if the company would agree to be sold to some other
+  entity, or if it could sell off all or part of its U.S. courier
+  division.
+      "Basically, (the courier division) is a company that has
+  450 mln dlrs in revenues. It's a very large company and it's
+  being sold for 50 or 60 mln dlrs," said Gardner in a telephone
+  interview with Reuters.
+      Gardner is an official of Kelso Management, a firm
+  associated with Fidelity International Ltd. A group of Fidelity
+  companies owns eight pct of Purolator, and Gardner said he
+  personally owns 20,000 shares.
+      A Purolator official said the company has no comment on the
+  letter from Gardner.
+      Arbitragers speculated another overnight messenger service
+  may emerge as a likely bidder for Purolator. Before the
+  transaction with Hutton LBO was announced, analysts had also
+  speculated another courier company would be the most likely
+  suitor.
+      While one arbitrager acknowledged there in fact may be no
+  new bidders, he said the possibility one could appear pushed
+  the stock into play again.
+      "There's no shortage of possibilities. It's just a question
+  of management's willingness to let the process continue," said
+  one arbitrager.
+      Arbitragers said a new buyer might be found because they
+  believe Hutton LBO has taken on no risk in the transaction.
+  Hutton has begun a tender for 83 pct of Purolator at 35 dlrs
+  cash per share. The balance of Purolator's stock will be bought
+  for securities and warrants in a new company holding the U.S.
+  courier operations.
+      The arbitragers said tender offer documents show that
+  Hutton does not need to use its cash in the transaction and
+  will emerge with a giant, majority equity interest in
+  Purolator.
+      "As far as I can tell from the public documents from the
+  deal that's on the table, Hutton is basically putting up zero.
+  One always likes a situation like that. You always like to
+  think if they can do this deal at no risk, there should be
+  someone else in the world that could do it higher," said one
+  arbitrager.
+      The firm, however, is supplying temporary financing, and
+  sources close to the transaction disputed the claim that the
+  firm will not end up paying for its equity position.
+      While one scenario mentioned in the tender offer document
+  did note that the E.F. Hutton Group subsidiary may not have to
+  keep cash in the transaction, the sources said there is some
+  risk to the firm.
+      "There are a variety of contingencies and restricted cash,
+  and all sorts of things that make it very speculative," said
+  one of the sources, adding there are also severance payments to
+  employees.
+      The E.F. Hutton Group subsidiary is supplying 279 mln dlrs
+  in so-called "bridge" financing for the transaction. The bridge
+  financing is a temporary loan from Hutton.
+      The financing is to be replaced with permanent financing,
+  expected to come from banks. However, it may take some time to
+  replace the financing, the source said, resulting in what could
+  be a substantial expense to the firm.
+      Gardner said Hutton stands to gain fees of 10 to 20 mln
+  dlrs from the transaction, but sources close to the transaction
+  said fees are at the low end of the scale.
+      "It's a very complex transaction, but basically what
+  happens is they ostensibly put up money but the fees recapture
+  any investment they might have once the merger takes place,"
+  Gardner said.
+  
+
diff --git a/reuters/training/4478 b/reuters/training/4478
new file mode 100644
index 0000000000000000000000000000000000000000..11d9b16f766a54917f86803b9534fdffc4190432
--- /dev/null
+++ b/reuters/training/4478
@@ -0,0 +1,13 @@
+USDA SAYS WHEAT PURCHASED FROM FOREIGN SELLERS
+  The U.S. Agriculture Department said
+  private U.S. exporters reported purchases from foreign sellers
+  of 120,000 tonnes of wheat for delivery to unknown
+  destinations.
+      The wheat, consisting of 60,000 tonnes of hard red winter
+  and 60,000 tones of soft red winter, is for delivery during the
+  1987/88 season, which begins June 1.
+      A purchase from a foreign seller is a transaction in which
+  a U.S. exporter contracts to buy U.S.-produced commodities from
+  a foreign firm, the department said.
+  
+
diff --git a/reuters/training/448 b/reuters/training/448
new file mode 100644
index 0000000000000000000000000000000000000000..83d1934844781c2b35932fb91decfa42f808655e
--- /dev/null
+++ b/reuters/training/448
@@ -0,0 +1,32 @@
+CONSOLIDATED TVX TO BUY BRAZIL GOLD MINE STAKES
+  <Consolidated TVX Mining Corp> said it
+  agreed to issue 7.8 mln treasury shares to acquire interests in
+  three gold mining companies in Brazil and an option to increase
+  the company's interest in a platinum property.
+      The company said the transactions will bring immediate
+  production and earnings to Consolidated TVX, enhance its
+  precious metal potential and is expected to improve cash flow
+  and earnings on a per share basis. The company did not give
+  specific figures.
+      Consolidated TVX said it will acquire 29 pct of CMP, a
+  public gold mining company in which TVX already holds a 15 pct
+  interest, making TVX the largest single shareholder.
+      The company also agreed to acquire a 19 pct stake in Novo
+  Astro, a private company, and a 16 pct interest in Teles Pires
+  Mining, increasing the TVX's ownership to 51 pct.
+      In addition, Consolidated TVX said it will acquire the
+  right to add a 10 pct interest to a platinum property in which
+  it already owns a 29.4 pct stake.
+      CMP earned 11 mln Canadian dlrs in 1986 and expects to
+  produce 42,000 ounces of gold in 1987 at a cost of 160 U.S.
+  dlrs an ounce, Consolidated TVX said.
+      Novo Astro operates Brazil's richest gold mine located in
+  Amapa State, with an average grade of 0.8 ounces of gold a ton
+  in a hardrock quartz vein, Consolidated TVX said. Mining of
+  eluvial surface material produced 25,000 ounces in 1986 and is
+  expected to produce 60,000 ounces in 1987.
+      It also said Teles Pires Mining controls rights to a 350
+  kilometer section of the Teles Pires River, where one dredge is
+  expected to produce 10,000 ounces of gold in 1987.
+  
+
diff --git a/reuters/training/4480 b/reuters/training/4480
new file mode 100644
index 0000000000000000000000000000000000000000..49e75de3e9015d55ecc6cd099d88f68eaeefed66
--- /dev/null
+++ b/reuters/training/4480
@@ -0,0 +1,5 @@
+VOLCKER SEES NO CLEARCUT EVIDENCE THAT U.S. TRADE DETERIORATION HAS YET BEEN REVERSED
+
+  VOLCKER SEES NO CLEARCUT EVIDENCE THAT U.S. TRADE DETERIORATION HAS YET BEEN REVERSED
+  
+
diff --git a/reuters/training/4481 b/reuters/training/4481
new file mode 100644
index 0000000000000000000000000000000000000000..1360ab9f13c6e1c1e90da63f20fbd09c945a6769
--- /dev/null
+++ b/reuters/training/4481
@@ -0,0 +1,9 @@
+ DIAMOND SHAMROCK <DIA> RAISES CRUDE POSTINGS
+  Diamond Shamrock said it raised the
+  contract price it will pay for crude oil 50 cts a barrel,
+  effective today.
+      The increase brings the company's posted price for the
+  benchmark grade, West Texas Intermediate, to 17.50 dlrs/bbl.
+      Diamond Shamrock last changed its postings on March 4.
+  
+
diff --git a/reuters/training/4483 b/reuters/training/4483
new file mode 100644
index 0000000000000000000000000000000000000000..04dc1457a2595e64519b19e2a49784113a18796f
--- /dev/null
+++ b/reuters/training/4483
@@ -0,0 +1,5 @@
+TORONTO DOMINION BANK CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT - TOMORROW
+
+  TORONTO DOMINION BANK CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT - TOMORROW
+  
+
diff --git a/reuters/training/4484 b/reuters/training/4484
new file mode 100644
index 0000000000000000000000000000000000000000..0a06fec8c5a8488e389d4c1a88eca5a77e36e17b
--- /dev/null
+++ b/reuters/training/4484
@@ -0,0 +1,5 @@
+BANK OF MONTREAL CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT, EFFECTIVE FRIDAY
+
+  BANK OF MONTREAL CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT, EFFECTIVE FRIDAY
+  
+
diff --git a/reuters/training/4486 b/reuters/training/4486
new file mode 100644
index 0000000000000000000000000000000000000000..ea6fc37bc28203c03b0389949446abe0bbf6d88f
--- /dev/null
+++ b/reuters/training/4486
@@ -0,0 +1,5 @@
+VOLCKER SAYS FED REMAINS CONCERNED ABOUT THE POSSIBILITY OF RENEWED INFLATION
+
+  VOLCKER SAYS FED REMAINS CONCERNED ABOUT THE POSSIBILITY OF RENEWED INFLATION
+  
+
diff --git a/reuters/training/4487 b/reuters/training/4487
new file mode 100644
index 0000000000000000000000000000000000000000..703419650ba589bb72cca53b45291181b5ed5f1f
--- /dev/null
+++ b/reuters/training/4487
@@ -0,0 +1,5 @@
+ASSETS OF MONEY MARKET MUTUAL FUNDS FELL 35.3 MLN DLRS IN LATEST WEEK TO 237.43 BILLION
+
+  ASSETS OF MONEY MARKET MUTUAL FUNDS FELL 35.3 MLN DLRS IN LATEST WEEK TO 237.43 BILLION
+  
+
diff --git a/reuters/training/4488 b/reuters/training/4488
new file mode 100644
index 0000000000000000000000000000000000000000..a0d1eebb02caaf8fcfc3d2b25d60fe4daa7d3dc2
--- /dev/null
+++ b/reuters/training/4488
@@ -0,0 +1,25 @@
+WEINBERGER OPPOSES FUJITSU BUYING U.S. FIRM
+  Defense Secretary Caspar Weinberger
+  will join Commerce Secretary Malcolm Baldrige in fighting
+  Fujitsu Ltd's <ITSU.T> plan to buy 80 pct of <Fairchild
+  Semiconductor Corp>, Pentagon officials said.
+      "He (Weinberger) opposes it. It is not in the best interests
+  of the country to have more of the micro-electronics business
+  leaving the United States," one of the Pentagon officials, who
+  asked not to be identified, told Reuters.
+      Commerce Department officials told Reuters yesterday that
+  Baldrige opposed the planned sale and that the White House
+  Economic Policy Council will take up the matter within weeks.
+      Commerce and defense officials said Baldrige and Weinberger
+  feared the U.S. military is already leaning too heavily on
+  foreign electronic support.
+      But the Defense Department also said today that Weinberger
+  and Baldrige differed on the proposed sale of U.S. computer
+  equipment to Iran.
+      The Commerce Department advised the Pentagon recently that
+  defense objections to two proposed sales -- to an Iranian power
+  company and the Islamic Republic of Iran News Agency -- were
+  not valid and the sales of small and medium computers would go
+  through unless more evidence was presented.
+  
+
diff --git a/reuters/training/449 b/reuters/training/449
new file mode 100644
index 0000000000000000000000000000000000000000..fe7dd93e7510138982bd511e54e3256374f9bde4
--- /dev/null
+++ b/reuters/training/449
@@ -0,0 +1,17 @@
+WARWICK INSURANCE MANAGERS INC <WIMI> 4TH QTR
+  Oper shr 17 cts vs 19 cts
+      Oper net 636,000 vs 358,000
+      Revs 10.6 mln vs 7,024,000
+      Avg shrs 3,808,000 vs 1,924,000
+      Year
+      Oper shr 73 cts vs 65 cts
+      Oper net 2,467,000 vs 1,199,000
+      Revs 31.5 mln vs 22.9 mln
+      Avg shrs 3,372,000 vs 1,785,000
+      NOTE: Net excludes investment gains 20,000 dlrs vs 86,000
+  dlrs in quarter and 586,000 dlrs vs 195,000 dlrs in year.
+      1985 year net excludes 304,000 dlr tax credit.
+      Share adjusted for one-for-two reverse split in November
+  1985.
+  
+
diff --git a/reuters/training/4490 b/reuters/training/4490
new file mode 100644
index 0000000000000000000000000000000000000000..7e454b507e11f92c3ab42c0f4f589f3bc58b81e6
--- /dev/null
+++ b/reuters/training/4490
@@ -0,0 +1,58 @@
+GLICKMAN PUSHES HARD FOR 0/92 FARM PLAN
+  Implementation of a one-year 0/92
+  pilot program for wheat and feedgrains was strongly promoted
+  today by the chairman of a key house agriculture subcommittee
+  as a way to cut farm costs and simultaneously give farmers
+  another option when making their planting decisions.
+      "We have a budget driven farm policy. It may be a shame,
+  but we are locked into this," said Dan Glickman, (D-Kans.),
+  chairman of the subcommittee on wheat, soybeans and feed
+  grains. "We need to look at ways to cut costs and not hurt the
+  farmer. A 0/92 plan, if properly done, could do both."
+      Glickman announced this week plans to introduce a 0/92 bill
+  for 1987 and 1988 wheat and feedgrains. An aide to Glickman
+  said that it will probably be introduced next week.
+      Glickman said a 0/92 program, which allows a farmer to
+  forego planting and still receive 92 pct of his deficiency
+  payment, would not be a major revision of the 1985 farm bill --
+  only an extension of the 50/92 option already provided under
+  the current bill.
+      It is premature to make any major changes in the farm bill,
+  he said, but if agriculture has to make further cuts to meet
+  budget goals, a voluntary 0/92 plan would be better than
+  sharply cutting target prices, as USDA has proposed.
+      A 0/92 plan, however, would not be decoupling, but simply a
+  different type of acreage diversion program, Glickman said.
+      Decoupling -- delinking planting decisions from government
+  payments -- is too much of a policy change to approve at this
+  point, he said.
+      "I don't think there is any interest in pursuing a
+  decoupling bill this year. Period. Unequivocal," Glickman said
+  at the hearing.
+      Sen. Rudy Boschwitz (R-Minn.), cosponsor of the
+  Boren/Boschwitz decoupling plan, said he supports a short term
+  0/92 program as a move to a more permament decoupling plan.
+      Boschwitz plans to introduce a 0/92 plan in the senate. His
+  plan would guarantee a certain deficiency payment to
+  participating farmers, require that idled acreage be put to
+  conservation use only, prohibit haying and grazing on extra
+  idled acreage, limit participation to a certain number of acres
+  in a county and provide tenant protection provisions.
+      "I know we cannot obtain complete decoupling in 1987, but
+  we can at least move in that direction," Boschwitz said.
+      Robbin Johnson, vice president of Cargill, Inc., testified
+  in favor of decoupling. Decoupling would end the current bias
+  in U.S. farm policy towards overproduction and reduce farmers'
+  dependency on the government, he said.
+      A 0/92 plan does not go far enough in decoupling, Johnson
+  said, and would still encourage farmers to plant.
+      Officials from the National Corn Growers Association and
+  the National Cattlemen's Association said their groups oppose
+  any 0/92 or decoupling plan due to concerns about reopening the
+  farm bill and creating more confusion among farmers.
+      But when asked if his association were forced to choose
+  between a ten pct cut in target prices or a 0/92 program, Larry
+  Johnson of the Corn Growers said they would agree to 0/92
+  rather than take sharp cuts in target levels.
+  
+
diff --git a/reuters/training/4493 b/reuters/training/4493
new file mode 100644
index 0000000000000000000000000000000000000000..5216b0c2ba3736e6e3ffa9ccaf61d2737253493d
--- /dev/null
+++ b/reuters/training/4493
@@ -0,0 +1,10 @@
+SAFEGUARD SCIENTIFIC <SFE> IN EQUITY DEAL
+  Safeguard Scientifics Inc
+  said it made a 2.5 mln dlr equity investment in <Sanchez
+  Computer Associates Inc>, a private computer software firm
+  based in Malvern, Pa.
+     Safeguard said the investment gives it a "major ownership
+  position" in Sanchez, which specializes in software products
+  for financial institutions.
+  
+
diff --git a/reuters/training/4494 b/reuters/training/4494
new file mode 100644
index 0000000000000000000000000000000000000000..769d573d5652ab54d19e5c20fafaf5dc1fcc7252
--- /dev/null
+++ b/reuters/training/4494
@@ -0,0 +1,15 @@
+CORE INDUSTRIES INC <CRI> 2ND QTR FEB 28 NET
+  Shr 20 cts vs 22 cts
+      Net 1,948,000 vs 2,124,000
+      Sales 40.9 mln vs 41.0 mln
+      Six mths
+      Shr 40 cts vs 50 cts
+      Net 3,864,000 vs 4,835,000
+      Sales 81.7 mln vs 79.9 mln
+      NOTE: 1986 results include gain on sale of land of 571,000
+  dlrs, or six cts a share
+      1986 results include loss from discontinued operations of
+  403,000 dlrs, or four cts a share in the quarter and 598,000
+  dlrs, or six cts a share in the six months
+  
+
diff --git a/reuters/training/4498 b/reuters/training/4498
new file mode 100644
index 0000000000000000000000000000000000000000..ce6354bae50350513bdb7933ab58949e28702be5
--- /dev/null
+++ b/reuters/training/4498
@@ -0,0 +1,8 @@
+FIRST FINANCIAL <FFMC> IN STOCK SPLIT
+  First Financial Management Corp said
+  its board declared a three-for-two stock split of its common
+  stock.
+      The split will be effected by a 50 pct stock dividend for
+  shareholders of record March 23 to be distributed on April six.
+  
+
diff --git a/reuters/training/4499 b/reuters/training/4499
new file mode 100644
index 0000000000000000000000000000000000000000..d1cc10910066a9601b1c49911b524e2e4b0af4bb
--- /dev/null
+++ b/reuters/training/4499
@@ -0,0 +1,5 @@
+BANK OF NOVA SCOTIA CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT, EFFECTIVE TOMORROW
+
+  BANK OF NOVA SCOTIA CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT, EFFECTIVE TOMORROW
+  
+
diff --git a/reuters/training/45 b/reuters/training/45
new file mode 100644
index 0000000000000000000000000000000000000000..6bd2aa93fecf2db70d78e0492f730d7a00a23a8e
--- /dev/null
+++ b/reuters/training/45
@@ -0,0 +1,45 @@
+CHEMLAWN <CHEM> RISES ON HOPES FOR HIGHER BIDS
+  ChemLawn Corp <CHEM> could attract a
+  higher bid than the 27 dlrs per share offered by Waste
+  Management Inc <WNX>, Wall Street arbitrageurs said.
+      Shares of ChemLawn shot up 11-5/8 to 29-3/8 in
+  over-the-counter- trading with 3.8 mln of the company's 10.1
+  mln shares changing hands by late afternoon.
+      "This company could go for 10 times cash flow or 30 dlrs,
+  maybe 32 dollars depending on whether there is a competing
+  bidder," an arbitrageur said. Waste Management's tender offer,
+  announced before the opening today, expires March 25.
+      "This is totally by surprise," said Debra Strohmaier, a
+  ChemLawn spokeswoman. The company's board held a regularly
+  scheduled meeting today and was discussing the Waste Management
+  announcement. She said a statement was expected but it was not
+  certain when it would be ready. 
+      She was unable to say if there had been any prior contact
+  between Waste Management and ChemLawn officials.
+      "I think they will resist it," said Elliott Schlang,
+  analyst at Prescott, Ball and Turben Inc. "Any company that
+  doesn't like a surprise attack would."
+      Arbitrageurs pointed out it is difficult to resist tender
+  offers for any and all shares for cash. Schlang said ChemLawn
+  could try to find a white knight if does not want to be
+  acquired by Waste Management.
+      Analyst Rosemarie Morbelli of Ingalls and Snyder said
+  ServiceMaster Companies L.P. <SVM> or Rollins Inc <ROL> were
+  examples of companies that could be interested.
+      ChemLawn, with about two mln customers, is the largest U.S.
+  company involved in application of fertilizers, pesticides and
+  herbicides on lawns. Waste Management is involved in removal of
+  wastes.
+      Schlang said ChemLawn's customer base could be valuable to
+  another company that wants to capitalize on a strong
+  residential and commercial distribution system.
+      Both Schlang and Morbelli noted that high growth rates had
+  catapulted ChemLawn's share price into the mid-30's in 1983 but
+  the stock languished as the rate of growth slowed.
+      Schlang said the company's profits are concentrated in the
+  fourth quarter. In 1986 ChemLawn earned 1.19 dlrs per share for
+  the full year, and 2.58 dlrs in the fourth quarter.
+      Morbelli noted ChemLawn competes with thousands of
+  individual entrepreuers who offer lawn and garden care sevice.
+  
+
diff --git a/reuters/training/450 b/reuters/training/450
new file mode 100644
index 0000000000000000000000000000000000000000..45c8f8df08efd2f4725baab945ae8ce7c67ab496
--- /dev/null
+++ b/reuters/training/450
@@ -0,0 +1,12 @@
+CANADA INDUSTRIAL PRICES UP 0.2 PCT IN MONTH
+  Canada's industrial product price index
+  rose 0.2 pct in January after falling 0.2 pct in each of the
+  two previous months, Statistics Canada said.
+      The rise was led by price gains for papers, pharmaceuticals
+  and petroleum and coal products. Price declines were recorded
+  for meat products, lumber and motor vehicles.
+      On a year over year basis, the federal agency said the
+  index fell 0.9 pct in January, the largest yearly decline on
+  record.
+  
+
diff --git a/reuters/training/4503 b/reuters/training/4503
new file mode 100644
index 0000000000000000000000000000000000000000..00908a747c0bfbec0e5276f86c836f932ad27be2
--- /dev/null
+++ b/reuters/training/4503
@@ -0,0 +1,21 @@
+OCCIDENTAL UNIT <OXY> LIFTS LOCKOUT
+  Iowa Beef Processors Inc is lifting a
+  lockout at its Dakota City, Nebraska processing plant and plans
+  to resume operations March 16, United Food and Commercial
+  Workers Union spokesman Allen Zack said by phone from his
+  Washington, D.C. headquarters.
+      Iowa Beef, a susbsidiary of Occidental Petroleum Corp,
+  mailed a letter to members of UFCWU Local 222 informing them a
+  lockout imposed by the company on December 14 would be lifted
+  and meatpackers could return to work under Iowa Beef's
+  "revised, last and best final offer," according to Zack.
+      The letter was signed by four managers at the Dakota City
+  plant.
+      Iowa Beef closed the proessing plant indefinitely in
+  mid-December because, it said, it had no alternative to threats
+  by meatpackers to disrupt operations.
+      About 2,800 members of Local 222 are affected by the
+  shutdown. A 3-1/2 year labor contract at the plant expired
+  December 13.
+  
+
diff --git a/reuters/training/4504 b/reuters/training/4504
new file mode 100644
index 0000000000000000000000000000000000000000..b92d843a4cd9d3e11198972ff7571a3dc039e5dc
--- /dev/null
+++ b/reuters/training/4504
@@ -0,0 +1,10 @@
+CIRCON CORP <CCON> 4TH QTR
+  Shr loss two cts vs profit 10 cts
+      Net loss 79,000 vs profit 507,000
+      Revs 10.6 mln vs 2,238,000
+      12 mths
+      Shr profit two cts vs profit 23 cts
+      Net 89,000 vs 1,130,000
+      Revs 21.4 mln vs 7,766,000
+  
+
diff --git a/reuters/training/4505 b/reuters/training/4505
new file mode 100644
index 0000000000000000000000000000000000000000..b7a1f6618ddf775d90d2015935af08f7ad984954
--- /dev/null
+++ b/reuters/training/4505
@@ -0,0 +1,6 @@
+BROWN TRANSPORT <BTCU> DECLARES FIRST PAYOUT
+  Brown Transport Co Inc said its board
+  declared an initial quarterly dividend of four cts a share,
+  payable April 10 to stockholders of record March 31.
+  
+
diff --git a/reuters/training/4507 b/reuters/training/4507
new file mode 100644
index 0000000000000000000000000000000000000000..c7b996089cb963dfe414b76be7e12eb3d09141ec
--- /dev/null
+++ b/reuters/training/4507
@@ -0,0 +1,13 @@
+WRIGHT SAYS A GAS TAX AN OPTION TO CUT DEFICIT
+  House Speaker Jim Wright said a
+  gasoline tax is one option to finding a way to reduce the
+  deficit, but told reporters in response to a question he will
+  not try to dictate a solution to the debt problem.
+      Wright has made suggestions for raising taxes about 20
+  billion dlrs as part of a budget plan to reduce the deficit.
+  Tax proposals are being given consideration by members of the
+  House Budget Committee, but the details of any tax increase
+  would be made by the tax writing House ways and Means
+  Committee.
+  
+
diff --git a/reuters/training/4509 b/reuters/training/4509
new file mode 100644
index 0000000000000000000000000000000000000000..e7a2183b36c23144d81fb5d94851c45da2e83ce8
--- /dev/null
+++ b/reuters/training/4509
@@ -0,0 +1,5 @@
+KEY U.S. HOUSE TRADE SUBCOMMITTEE APPROVES BILL TO TOUGHEN U.S. TRADE LAWS
+
+  KEY U.S. HOUSE TRADE SUBCOMMITTEE APPROVES BILL TO TOUGHEN U.S. TRADE LAWS
+  
+
diff --git a/reuters/training/4510 b/reuters/training/4510
new file mode 100644
index 0000000000000000000000000000000000000000..b3335a59c91ea97d70021ee0e7113e987578b7ba
--- /dev/null
+++ b/reuters/training/4510
@@ -0,0 +1,18 @@
+<SUMMIT PETROLEUM CORP> SELLS SHARES
+  Summit Petroleum Corp said it
+  sold 11.3 mln shares, or 29.4 pct, of its common stock to
+  <Halbert and Associates Inc>.
+      The company said the shares were previously held by
+  <Consolidated Energy Corp> and Harken Oil and Gas Inc <HOGI>.
+      In addition, David D. Halbert, president and chief
+  executive officer of Halbert, an Abilene investment firm, was
+  named chairman and chief executive of Summit, the company said.
+     Halbert, Charles M. Bruce and James O. Burke were also named
+  directors, expanding the board to five, Summit added.
+      The company said Burke is president and chief executive of
+  <Allied Comprehensive Health Inc>, Abilene, while Bruce is a
+  partner in the Washington law firm of Butler and Binion.
+      Summit said it intends to actively seek acquisitions to
+  increase its asset base.
+  
+
diff --git a/reuters/training/4512 b/reuters/training/4512
new file mode 100644
index 0000000000000000000000000000000000000000..c3c2921583bef5bbff7af42d7bb270c803efbad0
--- /dev/null
+++ b/reuters/training/4512
@@ -0,0 +1,6 @@
+JAPANESE CRUSHERS BUY CANADIAN RAPESEED
+  Japanese crushers bought 8,000 tonnes
+  of Canadian rapeseed in export business overnight for April
+  shipment, trade sources said.
+  
+
diff --git a/reuters/training/4513 b/reuters/training/4513
new file mode 100644
index 0000000000000000000000000000000000000000..0ec6189469b293e29cede4fb50fb5236dac7a2e5
--- /dev/null
+++ b/reuters/training/4513
@@ -0,0 +1,24 @@
+NO CLEAR EVIDENCE TRADE GAP REVERSED - VOLCKER
+  Federal Reserve Board Chairman Paul
+  Volcker said current data does not give a clear sign that the
+  deterioration in the U.S. trade balance has yet been reversed.
+      "The data we have in hand do not provide clearcut evidence
+  that the deterioration in the trade balance has yet been
+  reversed," Volcker said in remarks prepared for delivery to a
+  luncheon for community leaders here.
+      However, Volcker said there are encouraging signs,
+  particularly the rising volume of exports over the past year,
+  achieved despite relatively slow growth abroad.
+      Volcker warned it is not sustainable from an economic
+  perspective to pile up foreign debt while failing to make the
+  investment needed to generate growth and earn the money to
+  service the debt.
+      He said the process of restoring external balance to the
+  U.S. economy requires dealing with the budget deficit. He said
+  needed economic adjustment will require a relative shift of
+  financial and real resources into internationally competitive
+  industry. "More of our growth will need to be reflected in net
+  exports and business investment and less in consumption,"
+  Volcker said.
+  
+
diff --git a/reuters/training/4514 b/reuters/training/4514
new file mode 100644
index 0000000000000000000000000000000000000000..118a386e437fdd11f51fb544ccf041f277421379
--- /dev/null
+++ b/reuters/training/4514
@@ -0,0 +1,17 @@
+IOWA BEEF LIFTS LOCKOUT AT DAKOTA CITY
+  Iowa Beef Processors Inc is lifting a
+  lockout at its Dakota City, Nebraska, processing plant and
+  plans to resume operations March 16, United Food and Commercial
+  Workers (UFCW) Union spokesman Allen Zack said.
+      Iowa Beef mailed a letter to members of UFCW Local 222
+  informing them a lockout imposed by the company December 14
+  would be lifted and meatpackers could return to work under Iowa
+  Beef's "revised, last and best final offer," Zack said.
+      Iowa Beef had closed the plant indefinitely in mid-December
+  because it said it had no alternative to threats by meatpackers
+  to disrupt operations.
+      About 2,800 members of Local 222 are affected by the
+  shutdown. A 3-1/2 year labor contract at the plant expired
+  December 13.
+  
+
diff --git a/reuters/training/4515 b/reuters/training/4515
new file mode 100644
index 0000000000000000000000000000000000000000..bc8df0933886b818995a13f9795a7340fbb79433
--- /dev/null
+++ b/reuters/training/4515
@@ -0,0 +1,5 @@
+N.Y. BUSINESS LOANS FALL 718 MLN DLRS IN MARCH 4 WEEK, FED SAYS
+
+  N.Y. BUSINESS LOANS FALL 718 MLN DLRS IN MARCH 4 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/4516 b/reuters/training/4516
new file mode 100644
index 0000000000000000000000000000000000000000..71d107d947bf6b1b994b3209c3efb7e060029629
--- /dev/null
+++ b/reuters/training/4516
@@ -0,0 +1,5 @@
+NEW YORK BANK DISCOUNT WINDOW BORROWINGS NIL IN MARCH 11 WEEK
+
+  NEW YORK BANK DISCOUNT WINDOW BORROWINGS NIL IN MARCH 11 WEEK
+  
+
diff --git a/reuters/training/4517 b/reuters/training/4517
new file mode 100644
index 0000000000000000000000000000000000000000..6e99ab4ca2afb77fa990ad68dfc3013d9e1099d9
--- /dev/null
+++ b/reuters/training/4517
@@ -0,0 +1,12 @@
+TONY LOMA CO INC <TLAM> 4TH QTR
+  Shr profit nil vs loss 61 cts
+      Net profit 3,000 vs loss 1,148,000
+      Revs 18.4 mln vs 17.8 mln
+      Year
+      Shr loss 94 cts vs loss 28 cts
+      Net loss 1,762,000 vs loss 524,000
+      Revs 58.5 mln vs 67.3 mln
+      NOTE: 1986 net includes extraordinary gain of 569,000 dlrs
+  or 30 cts per share.
+  
+
diff --git a/reuters/training/4518 b/reuters/training/4518
new file mode 100644
index 0000000000000000000000000000000000000000..8ac3dc1e9c446d85a54cd55677bb0d7d615fe85b
--- /dev/null
+++ b/reuters/training/4518
@@ -0,0 +1,44 @@
+ALLIED-LYONS SEES NO CHANGE IN HIRAM WALKER STAKE
+  Allied-Lyons PLC <ALLD.L> and Canada's
+  Reichmann brothers are working well together as partners and
+  currently do not plan any change in their joint ownership of
+  distiller Hiram Walker-Gooderham and Worts, Allied-Lyons
+  chairman Derrick Holden-Brown said.
+      Allied-Lyons got 51 pct control of Hiram Walker-Gooderham
+  last year for about 600 mln U.S. dlrs, while the Reichmanns'
+  <Gulf Canada Corp> acquired 49 pct in an out-of-court pact
+  after a hostile battle for the wine and spirits division of
+  <Hiram Walker Resources Ltd>.
+      "We are getting along very well as partners ... I hope
+  there won't be any change, but there could be," Holden-Brown
+  told reporters after a speech in Toronto.
+      He said Allied-Lyons has a two-year call option that could
+  force Gulf Canada to sell its 49 pct stake to Allied-Lyons, and
+  Gulf Canada has a two-year put option that could obligate
+  Allied-Lyons to buy its 49 pct.
+      "Both we and Gulf hope very much there will be no occasion
+  for either the put or call to be exercised," Holden-Brown said.
+      In answer to a reporter's question, Holden-Brown said it
+  would be possible for Gulf Canada to sell off part of its 49
+  pct in a public offering with Allied-Lyons' consent. "I don't
+  think we would have any objection to it," he added.
+      Allied-Lyons maintains control of Hiram Walker-Gooderham's
+  board of directors and has total responsibility for its
+  management. "We cannot contemplate giving up our control," he
+  said.
+      Holden-Brown would not disclose how big a profit
+  contribution the distiller will make in Allied-Lyons' financial
+  results, but he said "it will be substantial."
+      "I am not able to give profit forecasts," he said.
+      Holden-Brown said Allied-Lyons was able to finance the
+  Hiram Walker-Gooderham acquisition with cash and borrowings,
+  and has no current plans for a stock issue.
+      He said the company is not currently negotiating any more
+  acquisitions in Canada but has a team of officials evaluating
+  possible purchases of wines, spirits, soft drinks or food
+  concerns. "I don't think we shall be looking at the brewery
+  scene (which is) highly concentrated already," he added.
+      Holden-Brown said Allied-Lyons plans to list its shares on
+  Canadian stock exchanges, possibly later this year.
+  
+
diff --git a/reuters/training/4519 b/reuters/training/4519
new file mode 100644
index 0000000000000000000000000000000000000000..77bd0516a2a3be9f847448aabd72120253b4b4c4
--- /dev/null
+++ b/reuters/training/4519
@@ -0,0 +1,13 @@
+NEW YORK BUSINESS LOANS FALL 718 MLN DLRS
+  Commercial and industrial loans on the
+  books of the 10 major New York banks, excluding acceptances,
+  fell 718 mln dlrs to 64.87 billion in the week ended March 4,
+  the Federal Reserve Bank of New York said.
+      Including acceptances, loans fell 581 mln dlrs to 65.63
+  billion.
+      Commercial paper outstanding nationally dropped 13 mln dlrs
+  to 336.02 billion.
+      National business loan data are scheduled to be released on
+  Friday.
+  
+
diff --git a/reuters/training/4521 b/reuters/training/4521
new file mode 100644
index 0000000000000000000000000000000000000000..83732b1d29b532f891a20bcbd578b2be7a25e737
--- /dev/null
+++ b/reuters/training/4521
@@ -0,0 +1,6 @@
+EATON VANCE CORP <EAVN> 1ST QTR JAN 31 NET
+  Shr 53 cts vs 34 cts
+      Net 2,253,742 vs 1,332,652
+      Avg shrs 4,251,553 vs 3,932,064
+  
+
diff --git a/reuters/training/4523 b/reuters/training/4523
new file mode 100644
index 0000000000000000000000000000000000000000..fe045bb009616e09254ab62b2fc6187dfbcfd94e
--- /dev/null
+++ b/reuters/training/4523
@@ -0,0 +1,9 @@
+ADAMS EXPRESS CO <ADX> SETS REGULAR PAYOUT
+  Div 12 cts vs 12 cts
+      Pay April 20
+      Record April 8
+      NOTE: company pays dividend of 12 cts three times annually
+  with a bulk payment at the end of the fiscal year to equal
+  annual dividend of 50 cts.
+  
+
diff --git a/reuters/training/4524 b/reuters/training/4524
new file mode 100644
index 0000000000000000000000000000000000000000..14da009a07417d6f120067b4eb8926abe37753c7
--- /dev/null
+++ b/reuters/training/4524
@@ -0,0 +1,29 @@
+CARGILL OFFICIAL DEFENDS CERTIFICATE PROGRAMS
+  The use of generic in-kind commodity
+  certificates has helped ease storage problems and is a
+  necessary part of export promotion programs, a senior executive
+  for the world's largest grain company said.
+      Testifying before the House Agriculture subcommittee on
+  wheat, soybeans and feedgrains, Robbin Johnson, vice president
+  of Cargill, Inc., disputed claims that U.S. grain companies
+  have made huge profits from certificate trading.
+      "The certs program is not in any way a windfall to the
+  trade," he said. Johnson said that Cargill has been dealing
+  with a two pct spread in certificate transactions, and that
+  this is within the normal grain marketing levels.
+      Johnson recognized current concern over the cost of
+  certificates as compared to cash, but said that critics need to
+  look more closely at the savings caused by certs, noting for
+  example that widespread use of certs in the PIK and Roll
+  marketing technique last summer helped ease storage costs.
+      Certificates are also an important part of any export
+  promotion program, he said.
+      "The more you look at ways to expand export markets, the
+  more you have to look at ways to expand certs to put more grain
+  into the market to meet demand," he said.
+      Subcommittee chairman Dan Glickman (D-Kans.) said his
+  committee would be looking at the certificate program later
+  this year and studying the General Accounting Office report on
+  certificate costs.
+  
+
diff --git a/reuters/training/4525 b/reuters/training/4525
new file mode 100644
index 0000000000000000000000000000000000000000..a2d264ae0b84b6e45340866f9a8c2fa721a7f5c7
--- /dev/null
+++ b/reuters/training/4525
@@ -0,0 +1,14 @@
+HOUSE SPEAKER BACKS OIL IMPORT FORECAST PLAN
+  House Speaker Jim Wright endorsed a
+  proposal to require the president to take action to reduce oil
+  imports if they threaten to top 50 pct of U.S. consumption.
+      Wright told reporters the plan by Sen. Lloyd Bentsen, a
+  fellow Texas Democrat, was positive and useful. Oil imports
+  peaked in 1977 at 47 pct, were short of 36 pct last year and
+  this year are up over 40 pct, Bentsen said. 
+      The Bentsen proposal, supported by 24 other Senators, would
+  would require the president to issue annual three-year oil
+  import forecasts. In any year they threatened to top 50 pct, he
+  would be ordered to propose quotas or other solution.
+  
+
diff --git a/reuters/training/4532 b/reuters/training/4532
new file mode 100644
index 0000000000000000000000000000000000000000..2c6296343e80723be905740e0bc59dae3b905366
--- /dev/null
+++ b/reuters/training/4532
@@ -0,0 +1,5 @@
+U.S. BANK DISCOUNT BORROWINGS AVERAGE 148 MLN DLRS A DAY IN MARCH 11 WEEK, FED SAYS
+
+  U.S. BANK DISCOUNT BORROWINGS AVERAGE 148 MLN DLRS A DAY IN MARCH 11 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/4533 b/reuters/training/4533
new file mode 100644
index 0000000000000000000000000000000000000000..dbb275ccbd96bff6031d833837ec13ea5d0f54aa
--- /dev/null
+++ b/reuters/training/4533
@@ -0,0 +1,5 @@
+U.S. BANK NET FREE RESERVES 660 MLN DLRS IN TWO WEEKS TO MARCH 11, FED SAYS
+
+  U.S. BANK NET FREE RESERVES 660 MLN DLRS IN TWO WEEKS TO MARCH 11, FED SAYS
+  
+
diff --git a/reuters/training/4534 b/reuters/training/4534
new file mode 100644
index 0000000000000000000000000000000000000000..66a419b47957e4764d0323c7752e3720223ebf91
--- /dev/null
+++ b/reuters/training/4534
@@ -0,0 +1,5 @@
+U.S. M1 FALLS 600 MLN DLRS IN MARCH 2 WEEK, FEB M2 DOWN 1.6 BILLION, M3 UP 3.0 BILLION
+
+  U.S. M1 FALLS 600 MLN DLRS IN MARCH 2 WEEK, FEB M2 DOWN 1.6 BILLION, M3 UP 3.0 BILLION
+  
+
diff --git a/reuters/training/4536 b/reuters/training/4536
new file mode 100644
index 0000000000000000000000000000000000000000..9cd70cc683a9df43721589d22bdbf1009a071cd0
--- /dev/null
+++ b/reuters/training/4536
@@ -0,0 +1,13 @@
+PRINCEVILLE <PVDC> TO SELL ITS AIR OPERATION
+  Princeville Development Corp and
+  <Aloha Inc>, parent of Aloha Airlines Inc, jointly said they
+  agreed to terms for the sale of Princeville Airways Inc to
+  Aloha. Terms of the agreement were not disclosed.
+      Under the proposed sale, the companies said Aloha would
+  acquire the entire Princeville Airways commuter operation and
+  access to the Princeville Airport on the island of Kauai.
+      They said Princeville Airways is expected to operate as a
+  subsidiary of Aloha Inc and will continue to use the
+  Princeville Aiways name.
+  
+
diff --git a/reuters/training/4537 b/reuters/training/4537
new file mode 100644
index 0000000000000000000000000000000000000000..f1372f92e4ce9819273b05d5d89ad8718f984584
--- /dev/null
+++ b/reuters/training/4537
@@ -0,0 +1,11 @@
+NEW HAMPSHIRE SAVINGS <NHSB> TO BUY BANK
+  New Hampshire Savings Bank Corp
+  said it agreed to buy <Seashore Bankshares Inc> in an exchange
+  of stock.
+      According to the terms of the deal, it said Seashore's
+  61,000 shares will be exchanged for 9.8 mln dlrs of New
+  Hampshire Savings stock.
+      It said Seashore Bankshares has assets of about 46 mln
+  dlrs.
+  
+
diff --git a/reuters/training/4541 b/reuters/training/4541
new file mode 100644
index 0000000000000000000000000000000000000000..3722298a6985dfe45fdad0b2bce7abf83d2b3e9a
--- /dev/null
+++ b/reuters/training/4541
@@ -0,0 +1,17 @@
+FCOJ MOVEMENT 3,915,370 GALLONS LAST WEEK
+  Florida Citrus Processors
+  Association said frozen concentrate orange juice movement into
+  trade channels in the week ended March 7 totalled 3,915,370
+  gallons versus 3,956,126 gallons in the week ended February 28
+  and 4,284,693 gallons in the corresponding year-ago period.
+      There were 3,814,891 gallons of foreign imports last week
+  versus 133,505 gallons the week before. Domestic imports last
+  week were 306,031. Retail movement was 1,652,916 versus
+  2,015,953 a year ago. Bulk movement was 1,934,494 against
+  1,954,103 a year earlier.
+      Current season cumulative movement was 60,480,375 gallons
+  versus 59,654,702 last year. Cumulative net pack for the season
+  was 80,359,978 versus 74,071,755 a year ago. Inventory was
+  83,422,435 versus 81,963,040 a year ago.
+  
+
diff --git a/reuters/training/4544 b/reuters/training/4544
new file mode 100644
index 0000000000000000000000000000000000000000..ff6a0e487ecb927c235854ca05d5040d9e65c1e5
--- /dev/null
+++ b/reuters/training/4544
@@ -0,0 +1,14 @@
+U.S. M-1 MONEY SUPPLY FALLS 600 MLN DLRS
+  U.S. M-1 money supply fell 600 mln
+  dlrs to a seasonally adjusted 738.0 billion dlrs in the March 2
+  week, the Federal Reserve said.
+      The previous week's M-1 level was revised to 738.6 billion
+  dlrs from 738.5 billion, while the four-week moving average of
+  M-1 rose to 737.1 billion dlrs from 736.8 billion.
+      Commenting on February growth of the broader monetary
+  aggregates, the Fed said that M-2 fell 1.6 billion dlrs, while
+  M-3 rose three billion. Economists polled by Reuters had
+  projected a 900 mln dlr fall in M-1, a 1.8 billion dlr drop in
+  M-2 and no change in M-3.
+  
+
diff --git a/reuters/training/4548 b/reuters/training/4548
new file mode 100644
index 0000000000000000000000000000000000000000..7e2c33b87eee35e25823069be126e9f05aae7422
--- /dev/null
+++ b/reuters/training/4548
@@ -0,0 +1,75 @@
+BOLIVIA TO OFFER TO BUY BACK BANK DEBT
+  Bolivia is to make a formal offer during
+  the next few months to buy back its 900 mln dlrs debt from
+  commercial banks at a discount of up to 90 pct, central bank
+  president Jier Nogales said.
+       Nogales told Reuters in an interview the steering
+  committee of Bolivia's creditor banks had agreed to consider
+  the offer at a meeting in New York last month.
+       He said the offer would be based on the value of Bolivian
+  paper on the international secondary debt market, where it now
+  trades at between 10 and 15 pct of its face value.
+      Nogales said Bolivia will make a single offer to buy back
+  its commercial debt and banks who accepted would be paid the
+  discounted rate in full.
+      Banks which declined the offer would be repaid over 20 to
+  30 years at interest rates below those fixed in the
+  international markets, he added.
+      Bolivia has frozen payments on medium and long term loans
+  to commercial banks since March, 1984, and Nogales said there
+  would be no money available to restart traditional debt
+  servicing to them for some time.
+       Several Latin American countries have initiated schemes to
+  cancel foreign debt by equity swaps or third party buy-backs,
+  but Bolivia would be the first country in the region to make a
+  formal offer to buy back all its commercial bank debt at
+  discounted rates.
+      Nogales said practical and strategic considerations would
+  determine the exact timing of the offer but it would be made in
+  the next few months.
+       He said Bolivia would not bargain with creditor banks over
+  the price to paid for the debt paper they hold, and would make
+  a single non-negotiable offer.
+      He said Bolivia could not even pay interest to friendly
+  creditor countries, let alone commercial banks. The only
+  traditional way forward was to capitalise interest, which would
+  mean greater bank exposure in Bolivia and greater loss
+  provisions, he added.
+      "We are confident that the banks are going to be
+  reasonable," Nogales said. "Now they can resolve their problems
+  for once and for all."
+      "The most conservative ones who want a little more will
+  wait a year, but I don't know if the window of opportunity will
+  be open all the time," he added.
+      Discussing the status of other parts of Bolivia's four
+  billion dlr foreign debt, 2.5 billion of which is owed to
+  governments and the rest to international agencies, Nogales
+  said negotiators had achieved considerable success in recent
+  discussions with the Paris Club.
+       He said Paris Club creditors had agreed to reschedule
+  Bolivian debt over 10 years with five to six years grace, while
+  accepting that interest would not be paid until 1989. Interest
+  rates were being discussed on a bilateral basis under Paris
+  Club rules, he added.
+       He said some Paris Club members had agreed to disregard
+  penalty interest payments and negotiations were continuing with
+  Argentina and Brazil, who hold 700 mln dlrs of Bolivian debt.
+      He said Bolivia was continuing to service loans from
+  international agencies, and it expected to receive up to 400
+  mln dlrs in disbursements this year.
+      The capital flow for loans and their servicing had changed
+  from a negative balance of 250 mln dlrs in 1985 to a net inflow
+  of 130 mln dlrs last year, he added.
+      Nogales said that Bolivia's net international reserves now
+  stood at around 250 mln dlrs, compared to one mln dlrs in
+  disposable funds when the government of Victor Paz Estenssoro
+  took office in August, 1985.
+      Nogales said inflation, which soared to over 20,000 pct a
+  year in the government's first month in office, was now down to
+  10 pct on an annualised basis from the last six months, and the
+  plan was that it should continue at this level.
+      He said the government was also expecting at least three
+  pct growth in gdp this year after several years of negative
+  rates.
+  
+
diff --git a/reuters/training/4549 b/reuters/training/4549
new file mode 100644
index 0000000000000000000000000000000000000000..46bc0e4098405cd5e5847dab7ab4cf489d067e93
--- /dev/null
+++ b/reuters/training/4549
@@ -0,0 +1,16 @@
+U.S. MARKET LOAN NOT THAT ATTRACTIVE-BOSCHWITZ
+  A marketing loan for U.S. wheat,
+  feedgrains and soybeans would do nothing to help the surplus
+  production situation and would be extremely costly, Sen. Rudy
+  Boschwitz (R-Minn.) said.
+      "I think I would not support a marketing loan now," he told
+  the House agriculture subcommittee on wheat, soybeans and
+  feedgrains. Boschwitz was one of the original supporters of a
+  marketing loan for cotton and rice, but has since focused
+  support on decoupling legislation, the Boren/Boschwitiz bill.
+      A market loan for grains and soybeans would encourage more
+  production, especially in high-yielding areas, would be much
+  more expensive than the current cotton and rice marketing loans
+  and not increase exports significantly, he said.
+  
+
diff --git a/reuters/training/455 b/reuters/training/455
new file mode 100644
index 0000000000000000000000000000000000000000..3e2ff1b0f0f46e236d0a2d6e8fb88f4855ee50b9
--- /dev/null
+++ b/reuters/training/455
@@ -0,0 +1,5 @@
+GELCO CORP 2ND QTR SHR 67 CTS VS 23 CTS
+
+  GELCO CORP 2ND QTR SHR 67 CTS VS 23 CTS
+  
+
diff --git a/reuters/training/4551 b/reuters/training/4551
new file mode 100644
index 0000000000000000000000000000000000000000..9c1c40850baf284eff114e9dc8faf4e3f52f6a15
--- /dev/null
+++ b/reuters/training/4551
@@ -0,0 +1,10 @@
+AMVESTORS FINANCIAL <AVFC> SETS STOCK DIVIDEND
+  AmVestors Financial Corp said it
+  declared a 25 pct stock dividend payable June 19 to holders of
+  record June one, subject to an increase in authorized shares.
+      It said shareholders will vote at the April 23 annual
+  meeting to increase authorized shares to 25 mln from 10 mln.
+      The company also said it plans to pay an initial quarterly
+  dividend of five cts a share on the shares.
+  
+
diff --git a/reuters/training/4552 b/reuters/training/4552
new file mode 100644
index 0000000000000000000000000000000000000000..6d40c4e68d50d03e57487d9a002b9851f753b917
--- /dev/null
+++ b/reuters/training/4552
@@ -0,0 +1,44 @@
+U.S. HOUSE PANEL APPROVES TRADE BILL
+  The House Ways and Means Trade 
+  Subcommittee unanimously approved a toned-down version of
+  legislation designed to toughen U.S. trade laws and wedge open
+  foreign markets to more U.S. goods.
+      The measure now goes to the full House Ways and Means
+  Committee next week, but major changes are not expected,
+  congressional sources said.
+      "This product could very well be toughening our trade policy
+  and doing it in a manner that opens markets without this
+  frightening word 'protectionism'," Ways and Means chairman Dan
+  Rostenkowski, an Illinois Democrat said.
+      The trade subcommittee backed away from mandating specific
+  retaliation against foreign countries for unfair foreign trade
+  practices as the House had approved in a trade bill last year.
+      But it held over for the full Ways and Means Committee
+  debate on a controversial plan by Rep. Richard Gephardt to
+  mandate a reduction in trade surpluses with the U.S. by
+  countries such as Japan, South Korea and Taiwan.
+      Gephardt, a Missouri Democrat, has not decided the exact
+  form of his amendment, an aide said. Last year the House
+  approved his idea to force an annual ten pct trade surplus cut
+  by those countries. 
+      The trade bill will be wrapped in with legislation from
+  other committees dealing with relaxation of export controls,
+  incentives for research, expanded worker training and education
+  and other efforts to increase U.S. competitiveness.
+      The comprehensive trade bill is to be considered by the
+  full House in late April and then will be considered by Senate
+  committees.
+      It requires President Reagan to retaliate against foreign
+  unfair trade practices but do not mandate quotas or tariffs and
+  allow an exemption if U.S. economic security would be harmed by
+  U.S. actions against other countries.
+      The bill would make it easier for U.S. industries to win
+  relief from surges of imports of competitive products.
+      It extends until January 1993, the administration's
+  authority to negotiate trade agreements as part of the new
+  round of multilateral talks under the General Agreements on
+  Tariffs and Trade.
+      And, it includes provisions to tighten trade rules on
+  copyrights, patents and telecommunications goods.
+  
+
diff --git a/reuters/training/4554 b/reuters/training/4554
new file mode 100644
index 0000000000000000000000000000000000000000..c88ada15eb84dd74145b94128fd7bd51c34a75bc
--- /dev/null
+++ b/reuters/training/4554
@@ -0,0 +1,10 @@
+STANDARD LOGIC INC <STDL> 1ST QTR LOSS
+  Qtr ends Jan 30
+      Oper shr loss 45 cts vs profit 44 cts
+      Oper Net loss 225,815 vs profit 219,593
+      Revs 175,247 vs 827,748
+      NOTE: oper net 1987 excludes loss from discontinued
+  operations of 125,047 vs loss 34,055 for prior qtr.
+      excludes tax carryforward 150,000 for prior qtr.
+  
+
diff --git a/reuters/training/4555 b/reuters/training/4555
new file mode 100644
index 0000000000000000000000000000000000000000..02bb0660c9f7a01f0a06f5906d49d03c7a968daf
--- /dev/null
+++ b/reuters/training/4555
@@ -0,0 +1,24 @@
+INFLATION STILL A CONCERN, VOLCKER SAYS
+  Federal Reserve Board Chairman Paul
+  Volcker said both the Fed and the financial markets remain
+  concerned about the possibility of renewed inflation.
+      "A possibility of renewed inflation remains of concern,
+  both in the markets and within the Federal Reserve," he said in
+  remarks prepared for delivery to a group of business leaders
+  here.
+      He said one potential channel for renewed inflationary
+  pressures would be an excessive fall of the dollar in the
+  exchange markets, which would push import prices up sharply.
+      He said participants in financial markets and business
+  remain skeptical of prospects for lasting price stability.
+      "Should the skepticism about our ability to resist
+  inflation be reinforced by bad policy, the consequences for
+  interest rates, for exchange rates, and for the economy
+  generally would clearly be undesirable...recognition of that
+  danger neccesarily must weigh heavily in the formation of
+  monetary policy," the Fed chairman said.
+      Volcker said attempts to drive the dollar much lower would
+  undermine the hard won gains against inflation and would risk
+  dissipating the flow of foreign capital.
+  
+
diff --git a/reuters/training/4558 b/reuters/training/4558
new file mode 100644
index 0000000000000000000000000000000000000000..fcfd4c8cc652772a4d167be9b68d934a270e3398
--- /dev/null
+++ b/reuters/training/4558
@@ -0,0 +1,5 @@
+UNOCAL RAISES MOST CRUDE PRICES 50 CTS, TODAY, WTI AT 17.50 DLRS
+
+  UNOCAL RAISES MOST CRUDE PRICES 50 CTS, TODAY, WTI AT 17.50 DLRS
+  
+
diff --git a/reuters/training/456 b/reuters/training/456
new file mode 100644
index 0000000000000000000000000000000000000000..ce6ebe0a1709c8d84ae1a3d483507405c5df2701
--- /dev/null
+++ b/reuters/training/456
@@ -0,0 +1,12 @@
+STROBER ORGANIZATION INC <STRB> 4TH QTR NET
+  Shr 22 cts vs 17 cts
+      Net 1,232,000 vs 834,000
+      Sales 24.1 mln vs 20.9 mln
+      Avg shrs 5,609,000 vs five mln
+      Year
+      Shr 97 cts vs 69 cts
+      Net 4,985,000 vs 3,426,000
+      Sales 92.4 mln vs 77.9 mln
+      Avg shrs 5,153,000 vs five mln
+  
+
diff --git a/reuters/training/4560 b/reuters/training/4560
new file mode 100644
index 0000000000000000000000000000000000000000..ce26244e3c9dc88af75e1f46b07dec9c73470cfa
--- /dev/null
+++ b/reuters/training/4560
@@ -0,0 +1,6 @@
+SHAWMUT CORP <SHAS> SETS REGULARY DIVIDEND
+  Qtly div 51 cts vs 51 cts prior
+      Pay April one
+      Record March 23
+  
+
diff --git a/reuters/training/4562 b/reuters/training/4562
new file mode 100644
index 0000000000000000000000000000000000000000..58a171be49ea4f801f8cbbc2e075eeb1558bef5d
--- /dev/null
+++ b/reuters/training/4562
@@ -0,0 +1,13 @@
+ANGLO AMERICAN <AIVJ.J> YEAR TO DEC 31
+  Shr 516 cts vs 347
+      Final div 135 vs 125 making 190 vs 180
+      Pre-tax 133 mln rand vs 137 mln
+      Net 260 mln vs 172 mln
+      Tax 76 mln vs 42 mln
+      Att to outside shareholders 96 mln vs 53 mln
+      Pref div 1 mln vs same
+      Turnover 3.14 billion vs 2.56 billion
+      Div pay May 8, register March 27.
+      Note - Full name is Anglo American Industrial Corp Ltd.
+  
+
diff --git a/reuters/training/4564 b/reuters/training/4564
new file mode 100644
index 0000000000000000000000000000000000000000..f9add393e88d6ece48d6a27933bf8573766753b7
--- /dev/null
+++ b/reuters/training/4564
@@ -0,0 +1,57 @@
+LIVE CATTLE RALLY AS LOCKOUT AT MEAT PLANT ENDS
+  Live cattle futures posted a robust
+  rally today after a major beef packing company said it would
+  end a lockout at its slaughtering plant in Dakota City, Neb.
+      April delivery cattle on the Chicago Mercantile Exchange
+  closed at 64.45 cents a pound, up 0.83 cent, as the market
+  expected demand for live animals to increase as the plant
+  restarts operations.
+      Iowa Beef Processors, a division of Occidental Petroleum,
+  said it planned to reopen the plant, one of the largest in the
+  nation, on March 16. The plant has been closed since Dec. 14,
+  the day after a contract between IBP and Local 222 of the
+  United Food and Commercial Workers Union expired.
+      The plant employs 2,800 workers and can slaughter several
+  thousand animals a day, a company spokesman said.
+      The company said it locked out union workers because they
+  threatened to disrupt operations. It was unclear whether union
+  meatpackers would return to work. They rejected the company's
+  latest contract offer March 5.
+      Traders said cattle prices advanced at midsession as rumors
+  circulated that the lockout was ending, and gains were further
+  fueled by a noticeable increase in demand for live animals on
+  cash markets in Nebraska and the Texas Panhandle.
+      The rally in cattle also boosted values of live hogs and
+  frozen pork bellies, which also were supported by indications
+  that producers were expanding their hog herds at a slower rate
+  than previously expected.
+      Petroleum futures posted a modest rally on the New York
+  Mercantile Exchange.
+      But a report that the Soviet Union planned to reduce the
+  price of its crude oil exports may pressure the market Friday,
+  said Nauman Barakat, petroleum analyst in New York with Smith
+  Barney, Harris Upham and Co.
+      Buying by companies that deal in petroleum helped prices
+  recover from early weakness, traders said.
+      Gold futures rallied, partly in response to strength in the
+  silver market, on the Commodity Exchange in New York. Silver
+  prices rallied after a U.S. brokerage house recommended its
+  customers buy the metal, traders said.
+      Coffee futures drifted lower in response to a report that
+  Colombia lowered the price of its exports, traders said.
+      Sugar prices closed slightly higher on the Coffee, Sugar
+  and Cocoa Exchange despite a large export sale by the European
+  Commission on Wednesday.
+      Soybeans were higher, wheat lower and corn mixed on the
+  Chicago Board of Trade.
+      Soybeans were boosted by expectations that the Agriculture
+  Department would report a healthy signup for the Conservation
+  Reserve Program, which pays farmers to leave highly erodible
+  land idle instead of planting a crop, traders said.
+      Concern that a strike by Brazilian seamen might interrupt
+  exports of soybeans from Brazil, where the harvest is just
+  beginning, also underpinned prices, they said.
+      Wheat prices were pressured by selling in response to
+  trends on price charts, they said.
+  
+
diff --git a/reuters/training/4569 b/reuters/training/4569
new file mode 100644
index 0000000000000000000000000000000000000000..99dd8901cea3e46b8f1826ecbf5084c160a888c4
--- /dev/null
+++ b/reuters/training/4569
@@ -0,0 +1,18 @@
+PERMIAN BASIN <PBT> PROVEN RESERVES FALL
+  Permian Basin Royalty Trust
+  said that as of December 31, 1986, its estimated proved
+  reserves totaled 18.5 mln barrels of oil and 52.9 mln MCF, or
+  thousand cubic feet, of gas.
+      This compares with yearend 1985 proved reserves estimates
+  of 26.4 mln barrels of oil and 78.6 mln MCF of gas, Permian
+  said.
+      Permian said December 1986 future net revenues from proved
+  reserves were 335.6 mln dlrs, down from 814.2 mln dlrs in 1985.
+      Permian said the present value of estimated future net
+  revenues discounted at 10 pct is 165.3 mln dlrs, compared with
+  374.3 mln dlrs.
+      It said the downward revisions in both proved reserves and
+  estimated future net revenues resulted from decreased prices for
+  oil and gas.
+  
+
diff --git a/reuters/training/4573 b/reuters/training/4573
new file mode 100644
index 0000000000000000000000000000000000000000..a7e2744adbae880af7717bbf69ca54d1f44d9cae
--- /dev/null
+++ b/reuters/training/4573
@@ -0,0 +1,35 @@
+VENEZUELAN PRESIDENT DEFENDS REFINANCING ACCORD
+  president jaime lusinchi defended the
+  20.3 billion dlr debt rescheduling accord his government
+  recently signed, saying it will open new credit flows and bring
+  needed foreign investment to venezuela.
+      In his annual state of the nation speech, lusinchi also
+  said venezuela supports other latin american debtors, despite
+  having reached a rescheduling accord on its own.
+      In the 90-minute speech to the congress, lusinchi summed up
+  the achievements of his administration, which took office in
+  february 1984. He pointed to the 3.3 pct growth in non-oil gdp
+  in 1986 and to a "moderate" 12 pct inflation rate.
+      Lusinchi said the 20.3 billion dlr debt rescheduling signed
+  feb. 27 put an end to a process which had been 'the calvary of
+  our nation over the post four years.'
+      In the refinancing accord, he said, venezuela managed to
+  achieve 'the most inmportant thing, which is the reopening of
+  financial flows from abroad, essential for the financing of
+  development and the (financing) of trade and investment.'
+      Once all the details of the agreement are finalized, he
+  said, venezuela will seek new financing for the imported
+  components of new development projects.
+      "our intention is not to continue being net exporters of
+  capital, but to protect our balance of payments with a flow of
+  capital towards venezuela," he said.
+      Under the agreement signed february 27, venezuela extended
+  payments on the debt from 12 to 14 years, while the interest
+  rate was lowered from 1 y 1/8 to 7/8 of a pct over libor.
+      At the same time, payments over the next three years were
+  lowered from 3.450 to 1.350 billion dlrs.
+      Lusinchi defended the rescheduling accord against critics
+  who said it merely deferred the weight of payments to future
+  governments.
+  
+
diff --git a/reuters/training/4574 b/reuters/training/4574
new file mode 100644
index 0000000000000000000000000000000000000000..58a171be49ea4f801f8cbbc2e075eeb1558bef5d
--- /dev/null
+++ b/reuters/training/4574
@@ -0,0 +1,13 @@
+ANGLO AMERICAN <AIVJ.J> YEAR TO DEC 31
+  Shr 516 cts vs 347
+      Final div 135 vs 125 making 190 vs 180
+      Pre-tax 133 mln rand vs 137 mln
+      Net 260 mln vs 172 mln
+      Tax 76 mln vs 42 mln
+      Att to outside shareholders 96 mln vs 53 mln
+      Pref div 1 mln vs same
+      Turnover 3.14 billion vs 2.56 billion
+      Div pay May 8, register March 27.
+      Note - Full name is Anglo American Industrial Corp Ltd.
+  
+
diff --git a/reuters/training/4576 b/reuters/training/4576
new file mode 100644
index 0000000000000000000000000000000000000000..c8cd9480bf0bf4dcf044ac1ef774c3e958d3dbe0
--- /dev/null
+++ b/reuters/training/4576
@@ -0,0 +1,25 @@
+UNOCAL <UCL> RAISES CRUDE OIL POSTINGS
+  Unocal Corp said it raised the
+  contract price it will pay for most grades of crude oil 50 cts
+  a barrel, effective today.
+      The increase brings Unocal's posted price for the U.S.
+  benchmark grade West Texas Intermediate to 17.50 dlrs a barrel.
+  It also brought the price for West Texas Sour to 17.50 dlrs a
+  bbl. Light Louisiana Sweet was also raised 50 cts to 17.85
+  dlrs/bbl.
+      Unocal last changed its crude postings on March four, and
+  brings it price in line with other major companies, which have
+  been raising prices steadily in recent weeks.
+      The increase also represents the latest in a series of
+  increases that began with USX Corp's <X> Marathon Petroleum
+  Corp's notification yesterday evening that, effective today, it
+  raised its crude postings 50 cts a barrel, bringing its
+  contract price for WTI to 17.50 dlrs a barrel.
+      Earlier today, Sun Co <SUN>, Phillips Petroleum <P> and
+  Diamond Shamrock <DIA> also said they raised their crude
+  postings 50 cts a barrel, bringing their WTI contract price to
+  17.50 dlrs a barrel.
+      Contract prices have risen in response to higher spot
+  market prices, oil traders said.
+  
+
diff --git a/reuters/training/4577 b/reuters/training/4577
new file mode 100644
index 0000000000000000000000000000000000000000..c920b8effe4fb65ad4ba13d2c4a82d33ea119f48
--- /dev/null
+++ b/reuters/training/4577
@@ -0,0 +1,14 @@
+MEATPACKERS RESPOND TO OCCIDENTAL<OXY> OFFER
+  Local 222 of the United Food and
+  Commercial Workers Union said it is calling a membership
+  meeting, possibly Sunday, to discuss its response to a decision
+  by Iowa Beef Processors Inc to lift a lockout at its Dakota
+  City, Nebraska plant and resume operations.
+      The UFCWU will consider all options available to it
+  including a strike or returning to work under IBP's last labor
+  contract proposal, a spokeswoman for Local 222 said by phone.
+      About 2,800 UFCWU members have been locked out at the
+  Dakota City plant since December 14.
+      IBP is a subsidiary of Occidental Petroleum Corp.
+  
+
diff --git a/reuters/training/4578 b/reuters/training/4578
new file mode 100644
index 0000000000000000000000000000000000000000..f19a3d035bc0c279331a977267c5450f01dcd84a
--- /dev/null
+++ b/reuters/training/4578
@@ -0,0 +1,5 @@
+CITGO RAISES CRUDE POSTINGS 50 CTS, TODAY, WTI TO 17.50 DLRS/BBL
+
+  CITGO RAISES CRUDE POSTINGS 50 CTS, TODAY, WTI TO 17.50 DLRS/BBL
+  
+
diff --git a/reuters/training/4579 b/reuters/training/4579
new file mode 100644
index 0000000000000000000000000000000000000000..05cbde67c59bb4c001ca5b1a92217535f4b4d341
--- /dev/null
+++ b/reuters/training/4579
@@ -0,0 +1,13 @@
+COURT LIFTS RESTRAINING ORDER ON MARK IV <IV>
+  Baird Corp <BATM> said the
+  Massachusetts State Court for Suffolk County has lifted a  
+  temporary restraining order prohibiting Mark IV Industries Inc
+  from further purchases of Baird stock.
+      According to filings with the Securities and Exchange
+  Commission, Mark IV owns at least 17.6 pct of Baird's stock and
+  may attempt to acquire Baird, Baird said.
+      Baird said the court also issued an order enjoining Baird
+  from enforcing the Massachusetts Anti-Takeover Statute against
+  Mark IV industries.
+  
+
diff --git a/reuters/training/4581 b/reuters/training/4581
new file mode 100644
index 0000000000000000000000000000000000000000..663f2002b209f19de3b3a114c209c3947f94bbb5
--- /dev/null
+++ b/reuters/training/4581
@@ -0,0 +1,14 @@
+CJI INDUSTIRES INC <CJIIA> 4TH QTR NET
+  Oper shr profit 60 cts vs loss 55 cts
+      Oper net profit 928,000 vs loss 88,000
+      Revs 48.7 mln vs 39.7 mln
+      Avg shrs 3.7 mln vs 1.5 mln
+      Year
+      Oper shr loss 1.17 dlrs vs loss 60 cts
+      Oper net profit 2,537,000 vs profit 587,000
+      Revs 178.8 mln vs 117.6 mln
+      NOTE: Per share figures come after preferred dividends.
+      Excludes fourth quarter and full year 1986 extraordinary
+  gains of 29 cts and 71 cts per share, respectively.
+  
+
diff --git a/reuters/training/4583 b/reuters/training/4583
new file mode 100644
index 0000000000000000000000000000000000000000..922c91fc97df3488041917b1796856c4d6d74279
--- /dev/null
+++ b/reuters/training/4583
@@ -0,0 +1,9 @@
+COUNSEL CORP SETS THREE-FOR-TWO STOCK SPLIT
+  <Counsel Corp> said it plans a
+  three-for-two stock split, pending shareholder approval at the
+  April 28 annual meeting.
+      The company said it recently reported 1986 profit of 5.9
+  mln dlrs, or 1.51 dlrs a share, before extraordinary items,
+  compared with 2.2 mln dlrs, or 81 cts, in 1985.
+  
+
diff --git a/reuters/training/4584 b/reuters/training/4584
new file mode 100644
index 0000000000000000000000000000000000000000..0a36b4195ec00cbe80e5b35a3d1f0fa25c5e7f40
--- /dev/null
+++ b/reuters/training/4584
@@ -0,0 +1,12 @@
+SOUTHLAND <SLC> UNIT RAISES CRUDE POSTINGS
+  Southland Corp's Citgo Petroleum Corp
+  said it raised the contract price it will pay for crude oil 50
+  cts a barrel, effective today.
+      The increase bring's Citgo's posted price for the West
+  Texas Intermediate and West Texas Sour grades to 17.50 dlrs a
+  barrel. The Light Louisiana Sweet South Onshore grade was also
+  raised 50 cts to 17.85 dlrs a barrel, and Light Louisiana Sweet
+  North was increased to 17.75 dlrs a barrel.
+      Citgo last changed its postings on March four.
+  
+
diff --git a/reuters/training/4585 b/reuters/training/4585
new file mode 100644
index 0000000000000000000000000000000000000000..40d9a7544987b829eddced6c8fb71ecf666cba68
--- /dev/null
+++ b/reuters/training/4585
@@ -0,0 +1,13 @@
+CANNON <CAN> AUDIT TO SHOW SIGNIFICANT 1986 LOSS
+  The Cannon Group Inc said its
+  financial statements will show substantial losses for fiscal
+  1986 and "significant downward adjustments in previously
+  reported stockholders' equity."
+      The company also said its 1986 audit being conducted by
+  <Arthur Young and Co> will cover the year ended January 3,
+  1987, instead of the nine-month period ended September 27, 1986
+  as previously announced.
+      It said it anticipates the results of the audit will be
+  available in mid to late April 1987.
+  
+
diff --git a/reuters/training/4586 b/reuters/training/4586
new file mode 100644
index 0000000000000000000000000000000000000000..836e3f21183a7030831cf4174430c3d5ee05b25c
--- /dev/null
+++ b/reuters/training/4586
@@ -0,0 +1,7 @@
+EAGER TECHNOLOGY ACQUIRES NUCLAD
+  <Eager Technology Inc> said it signed a
+  letter of intent to acquire Nuclad Inc, a private Colorado
+  corporation, and its subsidiaries.
+      Terms of the acquisition were not disclosed.
+  
+
diff --git a/reuters/training/459 b/reuters/training/459
new file mode 100644
index 0000000000000000000000000000000000000000..bdfb6fd9296b9459b4ce03c0f9824992e74d292d
--- /dev/null
+++ b/reuters/training/459
@@ -0,0 +1,5 @@
+SHELL CANADA CUTS CRUDE OIL PRICES BY UP TO 1.27 CANADIAN DLRS/BBL EFFECTIVE MARCH ONE
+
+  SHELL CANADA CUTS CRUDE OIL PRICES BY UP TO 1.27 CANADIAN DLRS/BBL EFFECTIVE MARCH ONE
+  
+
diff --git a/reuters/training/4590 b/reuters/training/4590
new file mode 100644
index 0000000000000000000000000000000000000000..e37b3249398afd854331c73b3b3d50856815e6de
--- /dev/null
+++ b/reuters/training/4590
@@ -0,0 +1,14 @@
+SAN JUAN BASIN <SJT> PROVEN RESERVES FALL
+  The San Juan Basin Royalty
+  Trust said proved reserves as of December 31 were estimated at
+  283.1 thousand cubic feet of gas and 1,087,000 barrels of oil.
+      In the year-ago period, it said proved reserves were
+  estimated at 346.4 thousand cubic feet of gas  and 1,974,000
+  barrels of oil.
+      It said the present value of future net revenues discounted
+  10 pct was 156.2 mln dlrs compared with 446.8 mln dlrs in the
+  year-ago period.
+      It also said that about 60 net infill wells are not
+  economical to drill at December 31 prices.
+  
+
diff --git a/reuters/training/4591 b/reuters/training/4591
new file mode 100644
index 0000000000000000000000000000000000000000..da085040aebeae5880b0885570b68a363f1a52e5
--- /dev/null
+++ b/reuters/training/4591
@@ -0,0 +1,14 @@
+INTERCONNECT OFFERS TO BUY GATES LEARJET <GLJ>
+  <Interconnect Capital Corp>
+  said it sent a letter to the board of Gates Learjet Corp,
+  offering to buy the company for 7.07 dlrs a share.
+      Gates Corp, which owns 64.8 pct of Gates Learjet, agreed
+  earlier this week to sell its shares to a partnership formed by
+  privately-held <Cobey Corp> and a unit of Bear Stearns Cos Inc
+  <BSC> for 6.50 dlrs a share or 51 mln dlrs. The proposal is
+  subject to approval by Gates Learjet's board.
+      A spokesman for privately-held Interconnect said it made
+  the new proposal to Gates Learjet's board, but would not say if
+  it had held talks with the parent company's board.
+  
+
diff --git a/reuters/training/4592 b/reuters/training/4592
new file mode 100644
index 0000000000000000000000000000000000000000..0be3ee3bed360675f6aa4e06014da3ea4c172585
--- /dev/null
+++ b/reuters/training/4592
@@ -0,0 +1,11 @@
+SEAL <SINC> ACQUIRES ADEMCO LTD
+  Seal Inc said it acquired
+  Ademco Ltd, a United Kingdom company which distributes mounting
+  and laminating equipment and supplies, for a combination of
+  cash and stock valued at 2.6 mln dlrs, based on current
+  exchange rates.
+      Seal said it will pay up to an additional 1.3 mln dlrs
+  contingent on the market price of Seal's common on December 31,
+  1988, and on certain earnings targets by the acquired business.
+  
+
diff --git a/reuters/training/4593 b/reuters/training/4593
new file mode 100644
index 0000000000000000000000000000000000000000..91d29a9030e998dcf1e6efcf4dd4116edcdcd648
--- /dev/null
+++ b/reuters/training/4593
@@ -0,0 +1,34 @@
+BRAZIL CANCELS OIL PURCHASE FROM SAUDI ARABIA
+  Brazil's state-oil company,
+  Petrobras, cancelled a 40 mln dlr crude oil purchase from Saudi
+  Arabia after the Saudis refused to accept credit guarantees
+  from the Bank of Brazil, a Petrobras official said.
+      Export director Carlos Santana told a press conference the
+  Saudis were the first suppliers of oil to impose such
+  conditions after Brazil's decision to halt interest payment of
+  its commercial debts last month.
+      The shipment of 2.2 mln barrels represents two days of oil
+  consumption in Brazil.
+      But Santana said if the Saudis change their minds and
+  decide to respect the terms of the contract, then Petrobras
+  will lift the order to cancel the shipment.
+      Santana said if the Saudis do not accept Brazil's terms by
+  Monday then Petrobras will negotiate elsewhere.
+      "Petrobras has been Saudi Arabia's traditional client since
+  1955. If they do not accept our conditions now, it will be much
+  better for us, because with the market prices more or less the
+  same, buying from Iraq and China is an advantage," he said.
+      Iraq and China have barter deals with Brazil, importing
+  Brazilian goods in exchange for oil, but the Saudis buy nothing
+  from Brazil, he said.
+      Santana said despite a strike threat by oil industry
+  workers and a two-week stoppage by Brazilian seamen, Petrobras
+  oil stocks are "reasonably balanced." 
+      Saudi Arabia is Brazil's second biggest oil supplier, with
+  an average 115,000 bpd. Iraq is the main supplier with 235,000
+  bpd. China comes third, with 58,000 bpd.
+      "If the Saudis wish to stop our trade relationship, fine, I
+  am sure that if they do, we will be getting dozens of offers
+  from elsewhere," Santana added.
+  
+
diff --git a/reuters/training/4595 b/reuters/training/4595
new file mode 100644
index 0000000000000000000000000000000000000000..dbccceb6ac0400b575f42d37bcb554a04a386bcc
--- /dev/null
+++ b/reuters/training/4595
@@ -0,0 +1,25 @@
+U.S. HOUSE PANEL APPROVES TRADE BILL
+  The U.S. House Ways and Means Trade
+  Subcommittee unanimously approved a toned-down version of
+  legislation designed to toughen U.S. trade laws and wedge open
+  foreign markets to more U.S. goods.
+      The measure now goes to the full House Ways and Means
+  Committee next week, but major changes are not expected,
+  congressional sources said.
+      "This product could very well be toughening our trade policy
+  and doing it in a manner that opens markets without this
+  frightening word 'protectionism'," Ways and Means chairman Dan
+  Rostenkowski, an Illinois Democrat said.
+      The trade subcommittee backed away from mandating specific
+  retaliation against foreign countries for unfair foreign trade
+  practices as the House had approved in a trade bill last year.
+      But it held over for the full Ways and Means Committee
+  debate on a controversial plan by Rep. Richard Gephardt to
+  mandate a reduction in trade surpluses with the U.S. by
+  countries such as Japan, South Korea and Taiwan.
+      Gephardt, a Missouri Democrat, has not decided the exact
+  form of his amendment, an aide said. Last year the House
+  approved his idea to force an annual 10 pct trade surplus cut
+  by those countries.
+  
+
diff --git a/reuters/training/4599 b/reuters/training/4599
new file mode 100644
index 0000000000000000000000000000000000000000..f0a014694fc34782ff624d0a0556c3516e27f191
--- /dev/null
+++ b/reuters/training/4599
@@ -0,0 +1,16 @@
+NO GRAIN TO THE USSR IN LATEST WEEK -- USDA
+  There were no shipments of U.S.
+  grain or soybeans to the Soviet Union in the week ended March
+  12, according to the U.S. Agriculture Department's latest
+  Export Sales report.
+       The USSR has purchased 1.0 mln tonnes of U.S. corn for
+  delivery in the fourth year of the U.S.-USSR grain agreement.
+       Total shipments in the third year of the U.S.-USSR grains
+  agreement, which ended September 30, amounted to 152,600 tonnes
+  of wheat, 6,808,100 tonnes of corn and 1,518,700 tonnes of
+  soybeans.
+      Shipments to the USSR in the second year of the agreeement
+  amounted to 2,887,200 tonnes of wheat and 15,750,100 tonnes of
+  corn.
+  
+
diff --git a/reuters/training/46 b/reuters/training/46
new file mode 100644
index 0000000000000000000000000000000000000000..d5848e5b905385f6411207dc2e6dd663b8cc95f3
--- /dev/null
+++ b/reuters/training/46
@@ -0,0 +1,16 @@
+U.S. SUGAR IMPORTS DOWN IN WEEK - USDA
+  Sugar imports subject to the U.S.
+  sugar import quota during the week ended January 9, the initial
+  week of the 1987 sugar quota year, totaled 5,988 short tons
+  versus 46,254 tons the previous week, the Agriculture
+  Department said.
+      The sugar import quota for the 1987 quota year
+  (January-December) has been set at 1,001,430 short tons
+  compared with 1,850,000 tons in the 1986 quota year, which was
+  extended three months to December 31.
+      The department said the Customs Service has reported that
+  weekly and cumulative imports are reported on an actual weight
+  basis and when final polarizations are received, cumulative
+  import data are adjusted accordingly.
+  
+
diff --git a/reuters/training/4600 b/reuters/training/4600
new file mode 100644
index 0000000000000000000000000000000000000000..8605650b53498abd7c685b979f925d0e34c81dc4
--- /dev/null
+++ b/reuters/training/4600
@@ -0,0 +1,14 @@
+INDIA GETS 140 MLN DLR WORLD BANK LOAN
+  The World Bank said it has approved
+  a 140 mln dlr loan for India to help lessen that country's
+  dependence on imported oil and spur development of its own
+  petroleum resources.
+      The bank said the loan will be used to boost production by
+  injecting gas in the partially depleted Assam oil fields and to
+  assist exploration in other areas, including drilling 10
+  exploratory wells.
+      The bank said the recipient of the 20-year loan will be Oil
+  India Ltd (OIL), which is the smaller of two public Indian
+  petroleum exploration and production companies.
+  
+
diff --git a/reuters/training/4602 b/reuters/training/4602
new file mode 100644
index 0000000000000000000000000000000000000000..9f7c16d22996c935c65737bf3ae19e7a929d190d
--- /dev/null
+++ b/reuters/training/4602
@@ -0,0 +1,68 @@
+FED DATA INDICATE NO POLICY CHANGE LIKELY
+  U.S. bank reserve, monetary and
+  discount window borrowings data released by the Federal Reserve
+  today clearly indicate that policy is "on hold" and may not be
+  changed for weeks or even months, economists said.
+      "The Fed is keeping policy at dead center and it is not
+  about to change policy unless something fairly dramatic occurs
+  on the economy," said John Williams of Bankers Trust Co.
+      "These numbers contain no hint that a policy shift is in
+  prospect, nor do economic or financial developments argue for
+  policy change," said William Griggs of Griggs and Santow Inc.
+      Fed data released today were all in line with economists'
+  expectations and similar to the numbers of recent weeks.
+      The Fed said net discount window borrowings in the two
+  weeks ended Wednesday averaged 191 mln dlrs, up from 381 mln
+  dlrs in the February 25 statement period, but little changed
+  from 160 mln dlrs in the period before that.
+      It said that banks' net free reserves in the latest two
+  weeks averaged 660 mln dlrs versus 675 mln dlrs previously.
+      Finally, the Fed said that the M-1 money supply fell 800
+  mln dlrs in February, with the broader M-2 measure down 1.6
+  billion dlrs and M-3 up an even three billion dlrs.
+      Analysts said that M-1 last month grew at a negative 1.3
+  pct annual rate compared with minus 0.7 pct for M-2 and actual
+  positive growth of 1.0 pct annualized for M-3.
+      February levels of M-2 and M-3 left the aggregates 18.2 and
+  20.8 billion dlrs under their respective upper growth limits
+  set by the Fed for 1987. The annual growth target for both is
+  5-1/2 to 8-1/2 pct. There is no M-1 target.
+      "In the near term, there is absolutely no reason for the
+  Fed to ease policy, even apart from the slowdown in money
+  growth," said Stephen Slifer, economist at Lehman Government
+  Securities Inc.
+      Economists generally expect a modest pickup in monetary
+  growth in March after February's anemic growth rates. However,
+  they stress that money growth will not be strong enough to
+  prevent the Fed from dropping interest rates further if the
+  economy shows evidence of weakness.
+      Commenting on February's decline in the key M-2 aggregate,
+  Slifer said the main cause was a 3.2 billion dlr drop in money
+  market deposits at banks. This number has risen three to four
+  billion dlrs a month for a long while, he said, so February's
+  weakness is not likely to persist. Slifer expects modest M-2
+  and M-3 growth rates of 3-1/2 to four pct during March.
+      Griggs said that M-2 and M-3 in coming months should return
+  to the five to seven pct annualized growth region and so
+  continue to present no problem for the Fed.
+      Economists said the Fed appears to be very comfortable with
+  its current policy stance and it is likely to wait for perhaps
+  several more months of economic data before deciding whether or
+  not to ease its grip on reserves.
+      Given the economy's fragility in many sectors, the analysts
+  agreed that there is almost no chance that the Fed will choose
+  to raise, rather than lower, interest rates when it next
+  changes policy.
+      "Discount window borrowings in the past week were about as
+  low as the Fed can get them, although Fed funds held above six
+  pct," said Williams of Bankers Trust. Funds averaged 6.12 pct
+  in the week to Wednesday, up from 6.06 pct in the prior week.
+      The Fed added reserves indirectly via one billion dlrs of
+  customer repurchase agreements last Friday, 2.5 billion dlrs on
+  Monday and two billion dlrs on Wednesday. On Tuesday, it added
+  reserves directly through two-day System repurchases.
+      Williams and Griggs agreed the Fed will let the funds rate
+  be largely market-driven. They said it is focusing instead on a
+  borrowings target of around 300 mln dlrs.
+  
+
diff --git a/reuters/training/4603 b/reuters/training/4603
new file mode 100644
index 0000000000000000000000000000000000000000..4db265374c9a6dc01abedc861b8dd8d5a8e54688
--- /dev/null
+++ b/reuters/training/4603
@@ -0,0 +1,59 @@
+COLOMBIA'S COFFEE MARKETING TO BE MORE FLEXIBLE
+  Colombia intends to improve the
+  marketing of its coffee with the accent on more flexibility on
+  setting export registration prices, finance minister Cesar
+  Gaviria said.
+      Speaking to reporters after announcing a lower export
+  registration price, or reintegro, of 1.10 dlr per lb ex-dock
+  New York, Gaviria said export mechanisms would be more agile.
+      "In the first stage, we decided not only to lower the
+  reintegro but also to adopt a flexible policy of reintegro that
+  will allow private exporters to participate more actively in
+  Colombia's coffee export policy," he said.
+      Traders said this means the export registration price will
+  change more often in a truer reflection of market trends.
+      Gaviria said the measures merely responded to new market
+  factors since a return to a system of International Coffee
+  Organisation (ICO) export quotas may not occur in the short
+  term.
+      ICO talks last month in London failed to break a deadlock
+  over re-introduction of export quotas, suspended in February
+  1986.
+      Gaviria stressed that Colombia will not necessarily suffer
+  from depressed prices because it can compensate lower prices
+  with increased volume.
+      "Colombia will continue to export its traditional amount of
+  coffee, between 9.6 and 10 mln bags (of 60 kilos), and will do
+  so without an agreement among producers," he said.
+      He ruled out a much higher volume of exports, or up to 13.5
+  mln bags as mentioned in market circles, "because the idea is
+  precisely not to disrupt the market."
+      Colombia exported a record 11.5 mln bags in the 1985/86
+  coffee year which ended last September 30.
+      Echoing Gaviria's words, Jorge Cardenas, manager of the
+  national coffee growers' federation, said Colombia sought to
+  adapt its coffee marketing policy to circumstances.
+      "There is great expectation in the world for the policies
+  that Brazil and Colombia will adopt. Ours is beginning to
+  emerge and no agreement among producers is foreseeable in the
+  immediate future," he told journalists.
+      Trade sources in Rio today said Brazil's future export
+  policy was unlikely to be revealed before the end of next week.
+      Cardenas said a new ICO meeting could only take place when
+  problems that hindered an agreement at the recent London talks
+  have been resolved.
+      Asked to comment on a Reuter report from Jakarta saying
+  Indonesia hoped Colombia could use its contacts with Brazil to
+  suggest a compromise on the quota issue, Cardenas said the
+  Brazilian stand was quite clear.
+      He said Brazil's current quota "reflects the reality of the
+  market, allows for an orderly supply and satisfies demand," but
+  added more clarity was needed to assess the criteria that
+  determined it.
+      Cardenas said lows registered immediately after the failure
+  of the London talks were triggered by a widespread fear among
+  dealers of an imminent price war and the belief that producers
+  would go out and sell their coffee as quickly as possible,
+  which did not happen.
+  
+
diff --git a/reuters/training/4604 b/reuters/training/4604
new file mode 100644
index 0000000000000000000000000000000000000000..6feddf58b9bf91978d5bfe54c66b4c8dabe5e93c
--- /dev/null
+++ b/reuters/training/4604
@@ -0,0 +1,14 @@
+INDIA GETS 140 MLN DLR WORLD BANK LOAN
+  The World Bank said it approved a
+  140 mln dlr loan for India to help lessen that country's
+  dependence on imported oil and spur development of its own
+  petroleum resources.
+      The bank said the loan will be used to boost production by
+  injecting gas in the partially depleted Assam oil fields and to
+  assist exploration in other areas, including drilling 10
+  exploratory wells.
+      The bank said the recipient of the 20-year loan will be Oil
+  India Ltd (OIL), which is the smaller of two public Indian
+  petroleum exploration and production companies.
+  
+
diff --git a/reuters/training/4605 b/reuters/training/4605
new file mode 100644
index 0000000000000000000000000000000000000000..78680aed3e7f6be66a47935241e09bbfa43dbace
--- /dev/null
+++ b/reuters/training/4605
@@ -0,0 +1,12 @@
+CANNON <CAN> SELLS LIBRARY TO WEINTRAUB
+  WEintraub Entertainment Group Inc
+  said it agreed to acquire Cannon Group's Screen Entertainment
+  film library.
+      The library was purchased in May 1986 as part of Cannon's
+  acquisition of Screen Entertainment Ltd from Bond Corp Holdings
+  Ltd. The library has over 2,000 theatrical motion pictures.
+      Terms call for the price to be established through an
+  appraisal process beginning immediately and not to exceed 175
+  mln dlrs or be below 125 mln dlrs.
+  
+
diff --git a/reuters/training/4606 b/reuters/training/4606
new file mode 100644
index 0000000000000000000000000000000000000000..75a1e82c69b3e80c1ae5240700fa6756d35bef3a
--- /dev/null
+++ b/reuters/training/4606
@@ -0,0 +1,10 @@
+GERBER <GRB> BUYS GERBER SYSTEMS <GSTI> SHARES
+  Gerber Scientific Inc said
+  its GST Acquisition Corp purchased 444,646 shares of its 84 pct
+  owned Gerber Systems Technology pursuant to a January 15 tender
+  offer.
+      Following the purchase, Gerber made a capital contribution
+  to GST of all the shares it owned resulting in 95.6 pct
+  ownership by GST.
+  
+
diff --git a/reuters/training/4609 b/reuters/training/4609
new file mode 100644
index 0000000000000000000000000000000000000000..80bffa2e973471eca986247e84532f2642d7000c
--- /dev/null
+++ b/reuters/training/4609
@@ -0,0 +1,28 @@
+VENEZUELA TO LEND ECUADOR 50,000 BPD OF CRUDE
+  Venezuela will lend Ecuador 50,000
+  barrels per day of crude oil over the next few months to help
+  it meet its export commitments, Energy and Mines Minister
+  Arturo Hernandez Grisanti said today.
+      He said that under the terms of this loan, agreed during a
+  visit here this week by Ecuador's Deputy Energy Minister
+  Fernando Santos Alvite, Ecuador will begin repaying the loan in
+  August.
+      Hernandez Grisanti said the loan will go part way to
+  offsetting the loss of Ecuador's 140,000 in exports caused by
+  earthquake damage to 25 miles of pipeline last week.
+      Ecuador was forced to suspend exports after the pipeline
+  connecting its jungle oil fields with the pacific port of Balao
+  was put out of action.
+      Venezuela has an output quota of 1.495 bpd, while Ecuador's
+  is 210,000 bpd. Santos Alvite said Ecuador will ask OPEC to
+  allow it to produce 100,000 bpd above its quota when the
+  pipeline is repaired to offset present production losses.
+      Hernandez Grisanti said also a first 300,000 barrels
+  shipment of Venezuelan crude oil will leave for Ecuador this
+  weekend to help meet domestic consumption needs.
+      The oil, part of a five mln additional crude oil loan by
+  Venezuela, will be processed at Guayaquil refineries.
+      "If we had not supplied oil to Ecuador the life of this
+  country would have ground to a halt," he said.
+  
+
diff --git a/reuters/training/461 b/reuters/training/461
new file mode 100644
index 0000000000000000000000000000000000000000..f074555860ae81f919ba2e9e459e5780cf40baa5
--- /dev/null
+++ b/reuters/training/461
@@ -0,0 +1,6 @@
+BRENCO INC <BREN> DECLARES QTLY DIVIDEND
+  Qtly div three cts vs three cts prior
+      Pay April six
+      Record March 20
+  
+
diff --git a/reuters/training/4610 b/reuters/training/4610
new file mode 100644
index 0000000000000000000000000000000000000000..34a69cfd236675dbffb3f915b0921919fc12ee35
--- /dev/null
+++ b/reuters/training/4610
@@ -0,0 +1,23 @@
+THE ADELAIDE STEAMSHIP CO LTD <ADSA.S> FIRST HALF
+  First half ended December 31
+      Shr 55.01 cents vs 97.76
+      Int div 18 cents vs 16
+      Net 75.05 mln dlrs vs 55.68 mln
+      Turnover 156.94 mln vs 177.87 mln
+      Other revenue 72.50 mln vs 31.18 mln.
+      One-for-five rights issue at 11.50 dlrs a share
+      One-for-four bonus issue on capital enlarged by rights
+  issue
+      Shrs 99.36 mln vs 70.94 mln.
+      NOTE - Shr applies to total net 54.66 mln dlrs vs 69.48 mln
+  after extraordinaries loss.
+      Pre-extraordinaries net shr 75.53 cents vs 78.32
+      Div pay April 30. Div and rights issue reg March 30. Bonus
+  reg May 6. Net equity-accounts share of associates' earnings.
+      Pre-equity pre-tax earnings 59.52 mln dlrs vs 64.13 mln.
+  Pre-equity net 52.07 mln dlrs vs 43.35 mln after tax 3.45 mln
+  vs 16.34 mln, minorities 4.00 mln vs 6.44 mln, interest 33.89
+  mln vs 26.11 mln and depreciation 2.67 mln vs 2.72 mln but
+  before net extraordinary loss 20.39 mln vs 13.79 mln.
+  
+
diff --git a/reuters/training/4613 b/reuters/training/4613
new file mode 100644
index 0000000000000000000000000000000000000000..eb4d9dc92ddcf62127fe9469425e54f72f8ce2bc
--- /dev/null
+++ b/reuters/training/4613
@@ -0,0 +1,11 @@
+BRYN MAWR BANK CORP <BMTC> UPS DIVIDEND
+  Qtly div 30 cts vs 30 cts prior
+      Payable May one
+      Record April 10
+      NOTE:Bryn Mawr was reorganized as a holding company on
+  January 2, 1987, resulting in each share of Bryn Mawr Trust Co
+  being converted into three shares of the new holding company's
+  stock. The 30 cts dividend represents a 15 pct increase over
+  prior quarter.
+  
+
diff --git a/reuters/training/4615 b/reuters/training/4615
new file mode 100644
index 0000000000000000000000000000000000000000..67475118cdae82cbd33dac2610fc631f07a7959a
--- /dev/null
+++ b/reuters/training/4615
@@ -0,0 +1,9 @@
+PRICE <PCLB> TO BUY 80 PCT OF TSS-SEEDMAN
+  Price Co said it agreed to buy at
+  least 81 pct of the stock of <TSS-Seedman's INc> for about 50
+  mln dlrs.
+      The terms envision a purchase of the entire company, it
+  said.
+      The transaction is expected to close at the end of April.
+  
+
diff --git a/reuters/training/4616 b/reuters/training/4616
new file mode 100644
index 0000000000000000000000000000000000000000..8931f12ab1c1ce53236996f2c013ebbb5d5e772c
--- /dev/null
+++ b/reuters/training/4616
@@ -0,0 +1,13 @@
+MIYAZAWA SAYS EXCHANGE RATES WILL STAY STABLE
+  Finance Minister Kiichi Miyazawa told a
+  press conference he thinks exchange rates will remain stable
+  due to the currency accord reached in Paris last month by six
+  major industrialised nations but he did not say for how long.
+      The dollar has hovered around 153 yen since the six agreed
+  to cooperate to bring about currency stability.
+      Asked to comment on remarks by some U.S. Officials calling
+  for a further decline of the dollar, Miyazawa said only the
+  U.S. President and the U.S. Treasury Secretary can make
+  official statements about exchange rates.
+  
+
diff --git a/reuters/training/4617 b/reuters/training/4617
new file mode 100644
index 0000000000000000000000000000000000000000..55a742f07a08835eeb8a7a434efe9250658592dc
--- /dev/null
+++ b/reuters/training/4617
@@ -0,0 +1,14 @@
+TWO BRAZILIAN SHIPPING FIRMS SETTLE WITH STRIKERS
+  Two small shipping companies have
+  reached a pay deal with striking seamen, but union leaders said
+  most of Brazil's 40,000 seamen were still on strike.
+      A union spokesman in Rio de Janeiro said the seamen had
+  accepted a 120 pct pay offer from the companies, Globo and
+  Flumar, which have less than 200 employees each.
+      The two-week strike comes as Brazil faces a debt crisis and
+  is delaying exports badly needed to earn foreign exchange.
+      Labour Minister Almir Pazzionotto said the government will
+  not force a settlement of the strike, which was ruled illegal
+  last Friday.
+  
+
diff --git a/reuters/training/4620 b/reuters/training/4620
new file mode 100644
index 0000000000000000000000000000000000000000..867218b2ea785ed2343d56ffec57ab1d62d983e4
--- /dev/null
+++ b/reuters/training/4620
@@ -0,0 +1,3 @@
+12-MAR-1987
+  12-MAR-1987
+
diff --git a/reuters/training/4621 b/reuters/training/4621
new file mode 100644
index 0000000000000000000000000000000000000000..308aa2fb296e4f22c2e03db36aa077f755989f16
--- /dev/null
+++ b/reuters/training/4621
@@ -0,0 +1,35 @@
+ADSTEAM RIGHTS ISSUE TO RAISE 228 MLN DLRS
+  The Adelaide Steamship Co Ltd <ADSA.S>
+  (Adsteam) said its one-for-five rights issue at 11.50 dlrs a
+  share will raise 228.5 mln dlrs for general working capital and
+  investment, both in Australia and overseas.
+      The group announced the issue with its first half earnings
+  and said in a statement that the rights issue will be followed
+  by a one-for-four bonus issue.
+      Adsteam's equity-accounted net earnings rose to 75.05 mln
+  dlrs in the half ended December 31 from 55.68 mln a year
+  earlier and interim dividend to 18 cents from 16.
+      Adsteam shares eased to 14.20 dlrs from an opening 14.60
+  and yesterday's close of 14.50 on the issue announcement.
+      The issue will be underwritten by <Morgan Grenfell
+  Australia Ltd> and <McCaughan Dyson Ltd> apart from the shares
+  to be taken up by Adsteam's associate and largest shareholder,
+  department store retailer <David Jones Ltd>.
+      New shares will not rank for the interim dividend but will
+  rank equally thereafter.
+      Adsteam said it expects to maintain an annual dividend rate
+  of 36 cents on capital enlarged to about 149 mln shares by both
+  issues from 99.36 mln.
+      Adsteam said its diverse industrial interests generally
+  performed well and its results, as the ultimate holding company
+  and beneficiary, reflected this solid performance.
+      David Jones, owned 49.2 pct by Adsteam, earned the largest
+  associates' net of 57.38 mln dlrs in the half against 40.29 mln
+  a year earlier, Adsteam's figures show.
+      Wholly-owned and joint venture companies also did well
+  apart from timber, building supplies and real estate, which
+  returned below-budget profits due to the housing downturn.
+      Adsteam said it sees 1987/88 as a year of reconstruction
+  and consolidation with the capital base boosted by the issue.
+  
+
diff --git a/reuters/training/4622 b/reuters/training/4622
new file mode 100644
index 0000000000000000000000000000000000000000..3a8aabba9b653ccb613e4ebdf1698e1ccd548f73
--- /dev/null
+++ b/reuters/training/4622
@@ -0,0 +1,20 @@
+HEARST BUYS HOUSTON CHRONICLE FOR 400 MLN DLRS
+  The <Hearst Corp> is buying the Houston
+  Chronicle from Houston Endowment Inc for 400 mln dlrs.
+      The announcement was made jointly by Frank Bennack Jr,
+  president and chief executive officer of Hearst, and Richard
+  Johnson, president of the Chronicle.
+      The Houston Endowment is selling the paper to comply with
+  federal tax laws requiring charitable institutions to divest
+  themselves of profit-making subsidiaries by 1989.
+      The Chronicle has a daily circulation of over 425,000 and
+  is in competition with the Houston Post, owned by the <Toronto
+  Sun Publishing Corp>, with a circulation of about 316,000.
+      The acquisition gives Hearst its biggest newspaper holding
+  in Texas, where the California-based publisher already owns
+  papers in San Antonio, Beaumont and Laredo.
+      The chain also owns, among others, the flagship San
+  Francisco Examiner, the Los Angeles Herald Examiner and the
+  Seattle Post-Intelligencer.
+  
+
diff --git a/reuters/training/4623 b/reuters/training/4623
new file mode 100644
index 0000000000000000000000000000000000000000..d183096221b90b42abc195166f04b7125f37e72c
--- /dev/null
+++ b/reuters/training/4623
@@ -0,0 +1,14 @@
+IEL'S ACMEX UNIT TO BID FOR CHEETHAM
+  <Industrial Equity Ltd> (IEL) unit
+  <Acmex Holdings Ltd> said it proposed to make a formal takeover
+  offer for all the issued capital of <Cheetham Ltd>, a producer
+  of salt, animal feed and seeds.
+      Acmex said in a statement it would offer one share for
+  every two Cheetham shares or 3.40 dlrs cash for each share.
+      Acmex said it was presently entitled to 5.1 mln Cheetham
+  shares or 16.85 pct of its 30.27 mln issued shares.
+      The scrip offer values Cheetham at about 110 mln dlrs,
+  based on Acmex's current price of 7.20 dlrs, and the cash offer
+  at about 104 mln. Cheetham last traded at 3.10 dlrs.
+  
+
diff --git a/reuters/training/4625 b/reuters/training/4625
new file mode 100644
index 0000000000000000000000000000000000000000..1caa39084f3f55a98c3f21c2c8c14889b2507433
--- /dev/null
+++ b/reuters/training/4625
@@ -0,0 +1,86 @@
+U.S. OFFICIALS DISAGREE ON REDUCING BUDGET DEFICIT
+  Senior U.S. Economic officials
+  disagree on the likelihood the government can meet its budget
+  deficit reduction targets.
+      Beryl Sprinkel, chairman of the Council of Economic
+  Advisers, reiterated the Reagan Administration's opposition to
+  a tax increase and its pledge to reduce the deficit by cutting
+  spending and fostering economic growth.
+      By contrast, Rudolph Penner, Director of the Congressional
+  Budget Office, said the budget process has broken down and the
+  deficit will remain close to 200 billion dlrs for fiscal 1987.
+      Sprinkel told a symposium sponsored by New York University
+  that spending could be cut by avoiding decisions based on the
+  desire to influence votes and by shifting the responsibility
+  for local projects to state governments.
+      He also suggested a line-item veto, which allows the
+  President to veto parts of bill without rejecting all of it, to
+  limit wasteful spending. Spending and taxing decisions should
+  be linked more closely.
+      Sprinkel said the Administration still looks for 2.7 pct
+  growth in U.S. Real gross national product (GNP) in 1987 and
+  3.5 pct in 1988.
+      Asked if the latest economic reports signal this rate of
+  economic growth is attainable, Sprinkel said, "It looks pretty
+  good to me. We've had two very strong employment reports."
+      He also said federal reserve policy is appropriate, adding,
+  "It looks like they're on track."
+      While further reductions are needed in the trade deficit,
+  Sprinkel said the lower dollar is having an impact.
+      The new 1987 tax laws will not hurt the economy and the tax
+  reform act of 1986 significantly lowers tax rates and will
+  greatly increase private production incentives, he said.
+      "Our estimates at the Council of Economic Advisers suggest
+  national net output of goods and services will permanently
+  increase by approximately two pct because of the long-run
+  consequences of tax reform," Sprinkel said. "In 1986, this would
+  have amounted to an increase of approximately 600 dlrs in the
+  income of the average American family."
+      Sprinkel also argued the 1981 tax cuts were not responsible
+  for the large increase in the budget deficit.
+      In fiscal 1986 ending September, federal spending amounted
+  to 23.8 pct of GNP, while federal receipts absorbed 18.5 pct of
+  GNP, leaving a deficit of 5.3 pct, he said.
+      Sprinkel said that, compared with fiscal 1978, the 1986
+  federal expenditure share of GNP is 2.7 percentage points
+  higher and the revenue share of GNP is virtually the same.
+      "Contrary to the conventional wisdom, therefore, the 1981
+  tax cut is not the root cause of the extraordinary budget
+  deficits of the past few years," Sprinkel said.
+      "This tax cut merely rolled back the inflation-induced tax
+  increases that occurred between 1978 and 1981," he added.
+      However, the Congressional Budget Office's Rudolph Penner
+  argued that the tax cut in 1981 was misguided.
+      "Since making the big mistake in 1981 of cutting taxes
+  enormously without any plan to decrease spending by the
+  Administration or Congress, indeed with increases in defence
+  spending, now all the options (for reducing the budget deficit)
+  are unpleasant," he said.
+      Penner said the tax cut resulted from the ideological
+  turmoil in the U.S. Caused by the "biggest sustained inflation
+  in our nation's history," which helped foster widespread
+  distrust of government.
+      "The American people turned on the government with tax
+  revolt at the state level and new demands on the government at
+  the national level," Penner said.
+      "But their dislike of taxes exceeded their general dislike
+  of spending programs. Now the correction of that 1981 mistake
+  demands that the system change a lot."
+      Penner sees little hope the Gramm-Rudman-Hollings budget
+  deficit reduction targets will be met and said the deficit will
+  remain at roughly 200 billion dlrs this year.
+      He said a budget process that sets targets arbitrarily is
+  not likely to succeed.
+      "I feel pretty safe in saying that any process that tries to
+  dictate a numerical outcome from above is doomed to fail simply
+  because there's no ... Way to enforce it," Penner said.
+      Penner questioned the methods by which the 1987 budget
+  deficit was cut. He said 18 to 19 billion dlrs were eliminated
+  by one-time measures, such as a temporary increase in taxes
+  related to tax reform and sales of government assets.
+      "Another four billion dlrs was cut by what I call creative
+  timing changes, like moving the military payday from the last
+  day of fiscal 1987 to the first day of fiscal 1988. That saved
+  more than two billion dlrs," Penner said.
+  
+
diff --git a/reuters/training/4629 b/reuters/training/4629
new file mode 100644
index 0000000000000000000000000000000000000000..325abad95b80a86ca2449b91cc5cd3c7209d32e0
--- /dev/null
+++ b/reuters/training/4629
@@ -0,0 +1,14 @@
+AUSTRALIAN TERMS OF TRADE WORSEN IN LAST QUARTER
+  Australia's terms of trade fell by a
+  further 3.5 pct in the fourth quarter of 1986 after declining
+  0.8 pct in the third quarter and 2.7 pct a year earlier, the
+  Statistics Bureau said.
+      It said the seasonally adjusted current account deficit of
+  3.22 billion dlrs in the quarter would have dropped to 912 mln
+  if not for the terms of trade decline.
+      The fourth quarter decline followed a 1.1 pct fall in
+  export prices and a 2.4 pct rise in import prices, it said.
+      The Bureau noted Australia's terms of trade had fallen by
+  19.9 pct since the fourth quarter of 1983.
+  
+
diff --git a/reuters/training/4630 b/reuters/training/4630
new file mode 100644
index 0000000000000000000000000000000000000000..adb6738da85ce33e2f15bd9696de2216348e3713
--- /dev/null
+++ b/reuters/training/4630
@@ -0,0 +1,75 @@
+CHINA FACES DILEMMA OVER SUGAR IMPORTS
+  China has to decide if it will increase
+  sugar imports this year to cover falling domestic output and
+  rising demand, in view of market predictions that international
+  sugar prices will remain firm this year, traders and the
+  official press said.
+      He Kang, Minister of Agriculture, Animal Husbandry and
+  Fisheries, said this week that China has adjusted the
+  purchasing price for sugar cane and beet to check a drop in
+  production last year but he gave no price details.
+      One Japanese trader said domestic demand is rising rapidly
+  because of improving living standards and rising demand for
+  sweet drinks, cakes and biscuits and other sugary foods.
+      "It will not be easy to cut domestic demand, even in a
+  state-controlled economy. China may have to import," he said.
+      Customs figures show imports fell to 1.182 mln tonnes in
+  1986 from 1.909 mln in 1985 and fell to 25,165 tonnes in
+  January 1987 from 54,000 in January 1986.
+      The official Economic Information newspaper last month said
+  production in the 1986/87 crushing season (September-April)
+  will be 1.18 mln tonnes short of demand.
+      The paper put 1986/87 output at 4.82 mln, down from 5.24
+  mln in 1985/86, and domestic demand at about six mln tonnes.
+      "In the last two years, acreage under sugar cane and beet
+  has fallen, sugar mills are underutilised, output has dropped
+  and cannot meet demand that is rising every day," it said.
+      "The country will have to continue imports of sugar and draw
+  down stocks to meet market demand," it added.
+      It quoted the Ministry of Light Industry as blaming the
+  drop in output on unreasonable state purchasing prices for cane
+  and beet as against other crops, which has resulted in farmers
+  refusing to grow them.
+      The paper said in 1985 a farmer could earn up to three
+  times more per hectare from pineapple and watermelon and up to
+  seven times more from bananas than from sugarcane. He could
+  sell grain on the free market at 560 yuan a tonne, against only
+  70 yuan a tonne for sugarcane.
+      Sugar mills are suffering because refined sugar prices have
+  not changed for 20 years despite rising costs, it said.
+      In Fujian, the cost of producing one tonne rose to 702 yuan
+  in 1985 from 520.1 in 1980, cutting the mills' profit to 117
+  yuan a tonne from 217.9, it added.
+      The paper said unreasonable pricing resulted in 144 of the
+  442 sugar mills working in the 1985/86 crushing season losing
+  money. China has 521 sugar mills.
+      A foreign agricultural expert forecast a drop in cane
+  acreage in 1986/87 (September-August) of up to 10 pct in
+  Guangdong, which produced 45 pct of China's sugar in calendar
+  1985, and a smaller drop in Fujian, which produced 11 pct of
+  China's sugar in calendar 1985.
+      He said both provinces are more developed than other
+  sugar-producing areas and more sensitive to demand from cities.
+      But cane acreage in Guangxi and Yunnan, which accounted for
+  28 pct of the 1985 crop, has risen by 10 to 30 pct in 1986/87,
+  because cane-growing is more economic there, he said.
+      He put sugar stocks at 2.333 mln tonnes in September 1986.
+      A Hong Kong trader estimated stocks at more than three mln
+  at end-January. "Now they are falling but (they) have not
+  reached the critical level, compelling China to import quickly,"
+  he said.
+      "China has options not easily available in western
+  countries. It controls stocks strictly and can release less
+  into the consumer market if stocks fall too quickly," he said.
+      The Hong Kong trader said calendar 1987 imports will be
+  slightly less than those of 1986, because of firm world prices
+  and serious foreign exchange constraints which, he said, are
+  likely to continue until at least end-1988.
+      He said nearly all cane and beet is sold to the state-owned
+  mills, with a small amount sold raw to consumers.
+      "Most of the mills are old and inefficient, with many of
+  them using Soviet equipment imported in the 1950s," he said.
+      He said demand in rural areas will in future rise an annual
+  four pct, with demand in the cities rising an annual two pct.
+  
+
diff --git a/reuters/training/4631 b/reuters/training/4631
new file mode 100644
index 0000000000000000000000000000000000000000..4666927cfc3729ae4e9f496c99e0b44da2f79ca1
--- /dev/null
+++ b/reuters/training/4631
@@ -0,0 +1,11 @@
+JAPAN SETS 1987/88 FIRST HALF BEEF IMPORT QUOTA
+  The Agriculture Ministry said it set
+  Japan's beef import quota for the six months from April 1 at
+  93,000 tonnes, up from 83,000 in the second half of 1986/87 and
+  85,000 a year earlier.
+      Under an agreement with the U.S. And Australia, Japan has
+  been increasing imports by 9,000 tonnes a year from March 31,
+  1985, to reach a projected 177,000 tonnes in the year to March
+  31, 1988.
+  
+
diff --git a/reuters/training/4632 b/reuters/training/4632
new file mode 100644
index 0000000000000000000000000000000000000000..f9e8e27d4e971fce64fc9df954235e630ad74eae
--- /dev/null
+++ b/reuters/training/4632
@@ -0,0 +1,24 @@
+JAPAN DENIES BREAKING SEMICONDUCTOR TRADE PACT
+  Japan denied breaking a pact with the
+  U.S. On semiconductor trade but said prices set out in the pact
+  were too high and acknowledged difficulties in implementing the
+  accord.
+      "We are faithfully abiding by the ... Agreement but of
+  course there are some problems," a spokesman for the
+  International Trade and Industry Ministry told Reuters.
+      He said the high semiconductor prices recommended by the
+  agreement were leaving Japanese manufacturers piling up stocks
+  of unsellable products. "We are aiming to reduce production in
+  Japan but of course this takes time," he said.
+      The spokesman said some Japanese companies were selling
+  chips in Europe and Asia below stipulated prices, but added: "It
+  is only a matter of time before we solve this problem."
+      The eight month old pact aims to stop Japan selling large
+  quantities of chips at knock-down prices to the United States
+  and other countries and to increase U.S. Semiconductor sales in
+  Japan.
+      The U.S. Senate Finance Committee this week called on
+  President Reagan in a non-binding resolution to retaliate
+  against Japan for violating the agreement.
+  
+
diff --git a/reuters/training/4633 b/reuters/training/4633
new file mode 100644
index 0000000000000000000000000000000000000000..f5453c6d7341bcb6fc3ab2841b370963619675e4
--- /dev/null
+++ b/reuters/training/4633
@@ -0,0 +1,14 @@
+JAPAN MINISTER SAYS ABOUT 170 YEN APPROPRIATE
+  International Trade and Industry Minister
+  Hajime Tamura told a parliamentary session Japan's small- and
+  medium-sized enterprises are seriously suffering from the yen's
+  rise and can only stand levels around 170 yen.
+      He also said he still believes a dollar exchange rate level
+  plus or minus 10 yen from 170 yen would be within levels agreed
+  upon last month in Paris by six major industrial nations.
+  Finance ministers of Britain, Canada, France, Japan, the U.S.
+  And West Germany agreed on February 22 to cooperate in
+  stabilizing exchange rates around the current levels. The
+  dollar had closed here at 153.77 yen on February 20.
+  
+
diff --git a/reuters/training/4634 b/reuters/training/4634
new file mode 100644
index 0000000000000000000000000000000000000000..b1477e0ce534da8b2b8ae708e044eb05f6391d56
--- /dev/null
+++ b/reuters/training/4634
@@ -0,0 +1,14 @@
+GERMAN WHOLESALE PRICES FALL 0.4 PCT IN FEBRUARY
+  West German wholesale prices fell 0.4
+  pct in February from January to stand 6.9 pct lower than in
+  February 1986, the Federal Statistics Office said.
+      In January wholesale prices rose 0.8 pct from December to
+  stand 8.6 pct below their level in January 1986.
+      Wholesale price declines were led by starch products, down
+  13 pct, light heating oil 11 pct lower, heavy heating oil 10
+  pct lower and green coffee down 6.9 pct.
+      Among higher wholesale prices were those for fresh
+  vegetables, up 17 pct, fresh fruit up 12 pct and eggs up 8.9
+  pct, the statistics office said in a statement.
+  
+
diff --git a/reuters/training/4635 b/reuters/training/4635
new file mode 100644
index 0000000000000000000000000000000000000000..45e13796eea7cd5c71e0b8b69f90a612186c6509
--- /dev/null
+++ b/reuters/training/4635
@@ -0,0 +1,5 @@
+SWISS FEB TRADE DEFICIT 629.7 MLN FRANCS (JAN DEFICIT 209.4 MLN) - OFFICIAL
+
+  SWISS FEB TRADE DEFICIT 629.7 MLN FRANCS (JAN DEFICIT 209.4 MLN) - OFFICIAL
+  
+
diff --git a/reuters/training/4636 b/reuters/training/4636
new file mode 100644
index 0000000000000000000000000000000000000000..0de6d413099488fe4fc0e7b25c32dd623e5e09ac
--- /dev/null
+++ b/reuters/training/4636
@@ -0,0 +1,32 @@
+AUSTRALIAN BEEF OUTPUT SEEN DECLINING IN 1987
+  Australian beef output is forecast to
+  decline to 1.34 mln tonnes carcass weight in 1987 and 1.36 mln
+  in 1988 from 1.44 mln in 1986, the Australian Meat and
+  Live-Stock Corp (AMLC) said.
+      Exports of beef/veal are also predicted to decline to
+  480,000 tonnes shipped weight in 1987 from 515,000 in 1986, and
+  then rally to 490,000 in 1988, the AMLC said in a summary of
+  its bi-annual meat and livestock forecasts.
+      It sees cattle numbers remaining at around the 1986 level
+  of 23.2 mln beasts in both years because herd rebuilding is
+  expected to be slower than previously forecast.
+      Beef producers are becoming more confident that higher
+  returns in the market, both domestically and overseas, will
+  continue, the AMLC said.
+      The slow herd build-up and the forecast lower production is
+  expected to bring about a slight drop in both export and
+  domestic consumption this year, it said.
+      The forecast does not assume a turnaround in production
+  levels until late next year.
+      It said the outlook for beef exports as a proportion of
+  output remains much the same as last year when it was around 55
+  pct of total production. In 1985 it was 52 pct.
+      The increase in exports of beef as a percentage of
+  production has mainly been attributed to the decline in the
+  Australian dollar, the AMLC said.
+      It also forecast that Australia's four major markets, the
+  U.S., Japan, Canada and Taiwan, will continue to dominate the
+  chilled and frozen beef export markets. They take collectively
+  around 94 pct of total Australian exports.
+  
+
diff --git a/reuters/training/4637 b/reuters/training/4637
new file mode 100644
index 0000000000000000000000000000000000000000..a8b5a614b5e972dd95892ba630f654825be0c57e
--- /dev/null
+++ b/reuters/training/4637
@@ -0,0 +1,12 @@
+CHINA'S JANUARY GRAIN EXPORTS FALL
+  China's grain exports in January totaled
+  386,157 tonnes, down 22.1 pct from January 1986, customs
+  figures show.
+      They gave no detailed breakdown.
+      The official China Economic News quoted the figures as
+  showing tea exports rose 9.7 pct to 8,474 tonnes during the
+  month.
+      Imports of wool rose 117.6 pct to 10,248 tonnes over the
+  same period, the figures show.
+  
+
diff --git a/reuters/training/4638 b/reuters/training/4638
new file mode 100644
index 0000000000000000000000000000000000000000..4e383c2cc2d2c6b50894aef9b6bc2028f15b4044
--- /dev/null
+++ b/reuters/training/4638
@@ -0,0 +1,15 @@
+SWISS FEBRUARY TRADE DEFICIT 629.7 MLN FRANCS
+  Switzerland had a trade deficit of 629.7
+  mln Swiss francs in February compared with a revised 209.4 mln
+  deficit in January and 723.2 mln shortfall in February 1986,
+  the Federal Customs Office said.
+      February imports were 6.00 billion francs against exports
+  of 5.37 billion.
+      Imports rose in real terms by 5.1 pct against February 1986
+  while exports rose by a real 4.6 pct, the office said.
+      But a further improvement in the terms of trade left the
+  deficit smaller than last year.
+      Last February's figure had also been hit by the import of
+  two passenger aircraft.
+  
+
diff --git a/reuters/training/464 b/reuters/training/464
new file mode 100644
index 0000000000000000000000000000000000000000..a58aceddb2c9a8958659d3b6fea60ac8ad7996ca
--- /dev/null
+++ b/reuters/training/464
@@ -0,0 +1,7 @@
+MASSACHUSETTS INVESTORS GROWTH STOCK FUND PAYOUT
+  Qtly div from income 5.1 cts vs 3.035 dlrs in prior qtr
+  including capital gains of 2.978 dlrs
+      Payable March 27
+      Record February 27
+  
+
diff --git a/reuters/training/4640 b/reuters/training/4640
new file mode 100644
index 0000000000000000000000000000000000000000..b1651ee387c5f46f3a6d97f182d2d578f4cd175f
--- /dev/null
+++ b/reuters/training/4640
@@ -0,0 +1,23 @@
+JAPAN SHIPBUILDERS SEEK CARTEL TO RESTRICT OUTPUT
+  Japanese shipbuilders have applied to the
+  state's Fair Trade Commission to form a cartel to restrict
+  tonnage built to about half of total capacity for the year
+  starting April 1, officials of the Shipbuilders Association of
+  Japan said.
+      Under the plan, 33 yards capable of building ships of more
+  than 10,000 gross tons will curtail operations to three mln
+  compensated gross registered tonnes (CGRT) a year against
+  capacity of about six mln CGRT.
+      The Transport Ministry estimates new orders at 3.3 mln CGRT
+  in the year to March 1988 and 3.1 mln the following year.
+      The industry has curtailed production due to oversupply
+  nearly every year since 1977/78, under cartel or Transport
+  Ministry guidelines. The latest guidelines call for a ceiling
+  of four mln CGRT in the year to March 31.
+      The cartels, self-imposed and self-regulated, are not
+  legally binding, but industry finds it in its own interest to
+  stick to them.
+      The slowdown in orders has been caused by the strong yen
+  and a protracted worldwide shipbuilding slump.
+  
+
diff --git a/reuters/training/4641 b/reuters/training/4641
new file mode 100644
index 0000000000000000000000000000000000000000..25a67cb952e2f3b78680ca80691cbb512063555f
--- /dev/null
+++ b/reuters/training/4641
@@ -0,0 +1,13 @@
+SWISS WHOLESALE PRICES FALL 0.3 PCT IN FEBRUARY
+  Swiss wholesale prices fell by 0.3 pct in
+  February, giving a drop of 4.3 pct from February 1986, the
+  Federal Office of Industry, Trade and Labour said.
+      Prices had been unchanged in January, giving an annual drop
+  of 4.6 pct. They fell by 2.6 pct in the year to February 1986.
+      The wholesale price index, base 1963, stood at 168.5 in
+  February from 176.1 last year.
+      The office said the fall was largely due to lower prices
+  for energy, raw materials and semi-finished goods. Consumer
+  goods prices rose slightly.
+  
+
diff --git a/reuters/training/4644 b/reuters/training/4644
new file mode 100644
index 0000000000000000000000000000000000000000..eaf226dc66c2acb4c6ac5ac7b2f9c7eb3c4843b5
--- /dev/null
+++ b/reuters/training/4644
@@ -0,0 +1,14 @@
+KUBOTA LTD <KUB.T> THIRD QUARTER TO JANUARY 15
+  Group shr 53 yen vs 22
+      Net profit 3.58 billion vs profit 1.47 billion
+      Pretax profit 4.94 billion vs loss 248 mln
+      Operating profit 5.36 billion vs profit 789 mln
+      Sales 127.34 billion vs 130.22 billion
+      Nine months ended January 15
+      Group shr 134 yen vs 119
+      Net 9.10 billion vs 8.03 billion
+      Pretax 19.78 billion vs 14.77 billion
+      Operating 17.35 billion vs 16.00 billion
+      Sales 430.06 billion vs 446.26 billion
+  
+
diff --git a/reuters/training/4648 b/reuters/training/4648
new file mode 100644
index 0000000000000000000000000000000000000000..8c7098c0bb643cae6bfde555c4fc99f6065dc41c
--- /dev/null
+++ b/reuters/training/4648
@@ -0,0 +1,12 @@
+JAPAN CABINET APPROVES BILL ON GOLD COIN ISSUES
+  The cabinet has approved a bill making it
+  easier for the government to issue commemorative coins, a
+  Finance Ministry official said.
+      The bill, which must still be approved by parliament, would
+  take effect in April 1988. It would allow the government to
+  issue 1,000, 5,000 and 10,000 yen coins without special
+  legislation, although higher-valued coins would still need a
+  special law, the official said. At present it can only issue
+  coins of 500 yen or less.
+  
+
diff --git a/reuters/training/4649 b/reuters/training/4649
new file mode 100644
index 0000000000000000000000000000000000000000..383eb95b40a92031e494ceb241f86c9a9e8a0fe2
--- /dev/null
+++ b/reuters/training/4649
@@ -0,0 +1,10 @@
+SANDOZ AG <SANZ.Z> YEAR 1986
+  Group 1986 net profit 541 mln Swiss
+  francs vs. 529 mln
+      Dividend 105 francs per 250 francs nominal share vs. 100,
+  21 francs per 50 franc nominal participation certificate vs 20
+      Group Turnover 8.36 billion francs vs. 8.45 billion
+      Cash Flow 956 mln francs vs. 941 mln
+      Parent company net profit 153.8 mln francs vs. 135.3 mln
+  
+
diff --git a/reuters/training/4650 b/reuters/training/4650
new file mode 100644
index 0000000000000000000000000000000000000000..be2eeb672c6a943a2004979a46c9f2bb408fb4a6
--- /dev/null
+++ b/reuters/training/4650
@@ -0,0 +1,14 @@
+INDIA IN COUNTERTRADE DEAL FOR MALAYSIAN PALM OIL
+  India is to partially cover the cost
+  of its Malaysian palm oil imports through a countertrade deal
+  involving the construction of two bridges valued at 20 mln
+  dlrs, an Indian trade source told Reuters.
+      He said Malaysia agreed to the oil-for-bridges deal in
+  October after India said it could no longer buy some 700,000
+  tonnes of palm oil a year because of its trade deficit.
+      Malaysia has also agreed to barter palm oil for 30 mln dlrs
+  of hydroelectric equipment and is interested in countertrading
+  for Indian iron ore, wheat and other goods and services, he
+  said.
+  
+
diff --git a/reuters/training/4652 b/reuters/training/4652
new file mode 100644
index 0000000000000000000000000000000000000000..cbfe1644d97e42c013b7ed444c00348db01b932b
--- /dev/null
+++ b/reuters/training/4652
@@ -0,0 +1,5 @@
+ ALUSUISSE GROUP 1986 NET LOSS 688 MLN SWISS FRANCS (LOSS 756 MLN)
+
+   ALUSUISSE GROUP 1986 NET LOSS 688 MLN SWISS FRANCS (LOSS 756 MLN)
+  
+
diff --git a/reuters/training/4654 b/reuters/training/4654
new file mode 100644
index 0000000000000000000000000000000000000000..0635d5629454aee05767e4eb7260224c3d00871f
--- /dev/null
+++ b/reuters/training/4654
@@ -0,0 +1,13 @@
+BANK OF JAPAN CALLS FOR LONG-TERM EFFORTS ON TRADE
+  The short-term effect of foreign exchange
+  rate movements in correcting international trade imbalances
+  appears to be waning, and long-term efforts are required to cut
+  Japan's chronic dependence on external demand, the Bank of
+  Japan said in a monthly report.
+      Japan's trade surplus in nominal terms is likely to remain
+  high in the near future, the central bank said.
+      Fundamental adjustments will be needed as long as Japan
+  hopes to benefit from a better international allocation of
+  resources and maintain the free trade system, it added.
+  
+
diff --git a/reuters/training/4656 b/reuters/training/4656
new file mode 100644
index 0000000000000000000000000000000000000000..75777a8dad3968b25edf592bacd566fdff93140e
--- /dev/null
+++ b/reuters/training/4656
@@ -0,0 +1,5 @@
+ London - Floating rate note prices open sharply lower, dealers say
+
+   London - Floating rate note prices open sharply lower, dealers say
+  
+
diff --git a/reuters/training/4657 b/reuters/training/4657
new file mode 100644
index 0000000000000000000000000000000000000000..17d7ea9a9480e37786e9d411c78a72b42c9d5eb5
--- /dev/null
+++ b/reuters/training/4657
@@ -0,0 +1,12 @@
+ALUSUISSE <ALUZ.Z> YEAR 1986
+  Net Loss 688 mln Swiss francs vs. Loss
+  756 mln
+      Gross sales 5.93 billion vs. 8.51 billion
+      Operating income 198 mln francs vs 256 mln
+      Net extraordinary charges 592 mln vs 472 mln
+      Note - Company plans 50 pct capital reduction, banks to
+  convert 300 mln francs of credit facilities to subordinated
+  loans. No immediate plans for capital increase. Company full
+  name Schweizerische Aluminium AG.
+  
+
diff --git a/reuters/training/4658 b/reuters/training/4658
new file mode 100644
index 0000000000000000000000000000000000000000..6fccc985cc3dec7655cb431234bd839f50025bbd
--- /dev/null
+++ b/reuters/training/4658
@@ -0,0 +1,5 @@
+Opec deliberately under 15.8 mln barrel ceiling to defend price - Subroto
+
+  Opec deliberately under 15.8 mln barrel ceiling to defend price - Subroto
+  
+
diff --git a/reuters/training/4659 b/reuters/training/4659
new file mode 100644
index 0000000000000000000000000000000000000000..80f248ca385128a520e156687dd123c206fe3535
--- /dev/null
+++ b/reuters/training/4659
@@ -0,0 +1,14 @@
+COUNTY INCREASES TESCO STAKE IN HILLARDS
+  <County Ltd>, which is acting in concert
+  with Tesco Plc <TSCO.L> in its 151.4 mln stg for supermarket
+  chain operator <Hillards Plc>, has purchased 300,000 Hillards
+  ordinary shares at 316p per share, a statement said.
+      These purchases, together with those made by County on 10
+  March, represent about 4.8 pct of Hillards issued ordinary
+  share capital, it said.
+      Tesco's offer, made on March 10, values each Hillards
+  ordinary share at 305.5p, a 37.6 pct premium over the previous
+  day's  closing price. A cash alternative of 290.55p will be
+  made available.
+  
+
diff --git a/reuters/training/466 b/reuters/training/466
new file mode 100644
index 0000000000000000000000000000000000000000..376b01d6b67e2de19f2650600075fb25bbf94b4a
--- /dev/null
+++ b/reuters/training/466
@@ -0,0 +1,10 @@
+<PREMDOR INC> 4TH QTR NET
+  Shr 35 cts vs 25 cts
+      Net 1,590,000 vs 1,140,000
+      Revs 32.2 mln vs 23.0 mln
+      YEAR
+      Shr 1.16 dlrs vs 68 cts
+      Net 5,300,000 vs 3,100,000
+      Revs 110.0 mln vs 85.4 mln
+  
+
diff --git a/reuters/training/4660 b/reuters/training/4660
new file mode 100644
index 0000000000000000000000000000000000000000..faf121da1b759b6abcaddaec4df38eeec86bc5c2
--- /dev/null
+++ b/reuters/training/4660
@@ -0,0 +1,11 @@
+S. AFRICAN PRODUCER PRICE INFLATION FALLS SHARPLY
+  South African year-on-year producer
+  price inflation fell to 14.9 pct in January against 16.4 pct in
+  December, Central Statistics Office figures show.
+      The all items index (base 1980) rose a monthly 0.8 pct in
+  January to 233.9, after also rising 0.8 pct in December to
+  232.1.
+      A year ago the index stood at 203.6 and year-on-year
+  producer price inflation at 22.2 pct.
+  
+
diff --git a/reuters/training/4662 b/reuters/training/4662
new file mode 100644
index 0000000000000000000000000000000000000000..3f92ea0f63c34f784a7e8a5a7fd36a52f09d097a
--- /dev/null
+++ b/reuters/training/4662
@@ -0,0 +1,17 @@
+SUBROTO SEES OIL MARKET CONTINUING BULLISH
+  Indonesian Energy Minister Subroto said
+  he sees the oil market continuing bullish, with underlying
+  demand expected to rise later in the year.
+      He told a press conference in Jakarta at the end of a
+  two-day meeting of South-East Asian Energy Ministers that he
+  saw prices stabilizing around 18 dlrs a barrel.
+      "The sentiment in the market is bullish and I think it will
+  continue that way as demand will go up in the third or fourth
+  quarters," Subroto said.
+      Asked about the prospect for oil prices, he said: "I think
+  they will stabilise around 18 dlrs, although there is a little
+  turbulence ..."
+      "Of course the spot price will fluctuate, but the official
+  price will remain at 18 dlrs," he added.
+  
+
diff --git a/reuters/training/4664 b/reuters/training/4664
new file mode 100644
index 0000000000000000000000000000000000000000..eb128ff9a6a8c7da609d4a97207c6771954d1cbc
--- /dev/null
+++ b/reuters/training/4664
@@ -0,0 +1,18 @@
+OPEC DEFENDING 18 DLR PRICE, SUBROTO SAYS
+  Indonesian Energy Minister Subroto said
+  OPEC is deliberately under its production ceiling of 15.8 mln
+  barrels to defend its 18 dlr a barrel price target.
+      He told reporters at an energy conference in Jakarta that
+  OPEC had decided to maintain its price level of 18 dlrs.
+      "We are deliberately defending the price, so OPEC production
+  is less than 15.8 (mln) at the moment," he stated.
+      Asked if OPEC would increase production if prices went
+  above 18 dlrs a barrel, he said this would be decided at the
+  next OPEC meeting in June. "We will discuss the market situation
+  then," he added.
+      He said a meeting of the OPEC Differentials Committee had
+  been postponed because "there is no need for the meeting."
+      He did not elaborate. The committee had originally been due
+  to meet in Vienna this week.
+  
+
diff --git a/reuters/training/4665 b/reuters/training/4665
new file mode 100644
index 0000000000000000000000000000000000000000..58dca02f60511641f3d0f5ed3a743ce60572c258
--- /dev/null
+++ b/reuters/training/4665
@@ -0,0 +1,63 @@
+JAPAN REJECTS U.S. OBJECTIONS TO FAIRCHILD SALE
+  A Foreign Ministry official dismissed
+  arguments made by senior U.S. Government officials seeking to
+  block the sale of a U.S. Microchip maker to a Japanese firm.
+      "They appear to be linking completely unrelated issues,"
+  Shuichi Takemoto of the Foreign Ministry's North American
+  Division told Reuters.
+      U.S. Commerce Secretary Malcolm Baldrige has asked the
+  White House to consider blocking the sale of <Fairchild
+  Semiconductor Corp> to Japan's Fujitsu Ltd <ITSU.T>, U.S.
+  Officials said yesterday.
+      Baldrige expressed concern that the sale would leave the
+  U.S. Military dependent on a foreign company for vital high
+  technology equipment. Pentagon officials said Defence Secretary
+  Caspar Weinberger also opposes to the sale.
+      U.S. Officials have also said the sale would give Fujitsu a
+  powerful role in the U.S. Market for supercomputers while
+  Japan's supercomputer market remains closed to U.S. Sales.
+      Takemoto said national security should not be an issue
+  since the planned purchase of Fairchild from its current owner,
+  Schlumberger Ltd <SLB>, does not include Fairchild's main
+  defence-related division.
+      In addition, Takemoto said tension over the supercomputer
+  trade should not affect the sale as Fairchild does not make
+  supercomputers.
+      Analysts noted that Fairchild does make sophisticated
+  microchips used in supercomputers. Fujitsu makes similar chips
+  and supplies them to U.S. Supercomputer makers, they said.
+      Takemoto also dismissed U.S. Fears that the proposed
+  takeover would violate U.S. Antitrust law, saying "the purchase
+  would not result in Fujitsu monopolising the U.S. Semiconductor
+  market."
+      Two separate issues appear to have come together to boost
+  pressure to block the purchase, industry analysts said.
+      The move is in part an attempt to force Japan to open its
+  domestic market to more U.S. Supercomputer sales, they said.
+      U.S. Officials have repeatedly charged that the Japanese
+  public sector is closed to U.S. Supercomputer sales despite
+  U.S. Firms' technological lead in the field.
+      "The United States believes Japan will only react when
+  bullied, and this is a bullying ploy," Salomon Brothers Asia
+  analyst Carole Ryavec said.
+      However, the analysts said more is at stake than
+  supercomputer sales as the U.S. Fears it is losing its vital
+  semiconductor industry to Japanese competitors.
+      "The real issue is xenophobia in (the U.S.) Silicon Valley,"
+  said Tom Murtha of brokerage James Capel and Co.
+      U.S.-Japanese tension over the semiconductor trade has
+  failed to subside despite recent efforts by Japan's Ministry of
+  International Trade and Industry (MITI) to get Japanese firms
+  to abide by a bilateral pact aimed at halting predatory pricing
+  and opening Japan's market.
+      A MITI official said that while Japan is faithfully abiding
+  by the agreement, problems remain in halting the sale of
+  microchips in Europe and Southeast Asia at prices below those
+  set by the pact.
+      "It is only a matter of time before we solve this problem,"
+  he told Reuters.
+      Despite the furore, Fujitsu will proceed with talks on the
+  acquisition in line with the basic agreement reached with
+  Schlumberger last year, a Fujitsu spokeswoman told Reuters.
+  
+
diff --git a/reuters/training/4666 b/reuters/training/4666
new file mode 100644
index 0000000000000000000000000000000000000000..17b1e7f64ca1123c97ca3c2a28dffc8b17f1162f
--- /dev/null
+++ b/reuters/training/4666
@@ -0,0 +1,14 @@
+BANK OF ENGLAND OFFERS EARLY HELP TO MONEY MARKET
+  The Bank of England said it invited an
+  early round of bill offers to help ease tight conditions in the
+  money market.
+      The bank estimated today's liquidity shortage at about 1.10
+  billion stg.
+      Bills maturing in official hands and the treasury bill
+  take-up would drain 1.21 billion stg from the system while a
+  rise in the note circulation and below target bankers' balances
+  would take out 265 mln and 180 mln respectively, the bank said.
+      Against this, exchequer transactions would add a net 535
+  mln stg.
+  
+
diff --git a/reuters/training/467 b/reuters/training/467
new file mode 100644
index 0000000000000000000000000000000000000000..ab39191426db764c53a40bacd648526dc56fbc1c
--- /dev/null
+++ b/reuters/training/467
@@ -0,0 +1,9 @@
+AMERICAN NURSERY <ANSY> BUYS FLORIDA NURSERY
+  American Nursery Products Inc
+  said it purchased Miami-based Heinl's Nursery Inc, for
+  undisclosed terms.
+      Heinl's Nursery has sales of about 4.5 mln dlrs and owns
+  100 acres, of which 75 are in shade houses and about 58,300
+  square feet cover greenhouses, shipping and office facilities.
+  
+
diff --git a/reuters/training/4671 b/reuters/training/4671
new file mode 100644
index 0000000000000000000000000000000000000000..e66b3097ab51de6ec2ce771f9f91f999be5ff300
--- /dev/null
+++ b/reuters/training/4671
@@ -0,0 +1,10 @@
+BRITISH WHEAT AREA DOWN, MINISTRY CENSUS SHOWS
+  A total of 1.886 mln hectares was sown
+  to wheat in Britain, excluding Northern Ireland, up to December
+  1, 1986 for the 1987 crop, a Ministry of Agriculture census
+  shows.
+      It compares with 1.925 mln planted in the same period 1985.
+      The barley area was unchanged at 952,000 ha, but oilseed
+  rape increased to 393,000 from 333,000 ha.
+  
+
diff --git a/reuters/training/4675 b/reuters/training/4675
new file mode 100644
index 0000000000000000000000000000000000000000..b31afead267d80110bf7f94087c5f85f19571173
--- /dev/null
+++ b/reuters/training/4675
@@ -0,0 +1,5 @@
+Miyazawa says current dollar/yen rate not necessarily satisfactory
+
+  Miyazawa says current dollar/yen rate not necessarily satisfactory
+  
+
diff --git a/reuters/training/4678 b/reuters/training/4678
new file mode 100644
index 0000000000000000000000000000000000000000..5709bb4d69a6b265325ab1e2a16b15dc7664af0d
--- /dev/null
+++ b/reuters/training/4678
@@ -0,0 +1,14 @@
+KAMPUCHEA SAYS RICE CROP IN 1986 INCREASED
+  Kampuchea harvested more than two mln
+  tonnes of rice paddy in 1986, up on the crops of the previous
+  two years, the official SPK news agency said yesterday.
+      Diplomats said estimates put the 1985 harvest at less than
+  one mln tonnes, slightly up on 800,000 in 1984.
+      SPK said Kampuchea planned to expand planting from 1.5 mln
+  to 1.93 mln hectares and boost rice paddy output to 2.5 mln
+  tonnes this calendar year.
+      Two mln tonnes of paddy would produce some 1.3 mln tonnes
+  of milled rice, above the 1.25 mln tonnes Kampuchea says is the
+  minimum its 7.5 mln people need.
+  
+
diff --git a/reuters/training/4679 b/reuters/training/4679
new file mode 100644
index 0000000000000000000000000000000000000000..1bbfdd3cf9e9cb0d5610793a3dbbf0b3e8684442
--- /dev/null
+++ b/reuters/training/4679
@@ -0,0 +1,25 @@
+CHINA TRYING TO INCREASE COTTON OUTPUT, PAPER SAYS
+  China's 1987 cotton output must rise
+  above the 1986 level of 3.54 mln tonnes or supply will fall
+  short of increasing demand, the China Daily said.
+      Demand in 1986 rose 10.9 pct over 1985.
+      Output in 1986 fell from 4.15 mln tonnes in 1985 and a
+  record 6.2 mln in 1984, official figures show. The China Daily
+  attributed the decline to several factors, including less
+  favorable weather conditions and new state measures to restrict
+  cotton production after the 1984 build-up of stocks.
+      According to Customs figures, cotton exports rose to
+  558,089 tonnes in calendar 1986 from 347,026 in 1985.
+      To increase output quickly, the state will raise by 10 pct
+  the price it pays for cotton produced above and beyond quota
+  levels, the newspaper said. Its official purchasing agencies
+  will buy cotton produced in excess of that originally
+  contracted for, it added.
+      The China Daily said all cotton growing areas in south
+  China should be maintained, and growing in the north should be
+  concentrated in Hebei, Shandong, Henan and Xinjiang.
+      It called for comprehensive planning to coordinate
+  production of cotton with that of grain, edible oil and other
+  crops, but gave no more details.
+  
+
diff --git a/reuters/training/4680 b/reuters/training/4680
new file mode 100644
index 0000000000000000000000000000000000000000..81a46f7ce3c09211e7aeedaf8b8590bed667ca0e
--- /dev/null
+++ b/reuters/training/4680
@@ -0,0 +1,14 @@
+MIYAZAWA SAYS PRESENT YEN NOT NECESSARILY IDEAL
+  Finance Minister Kiichi Miyazawa told a
+  parliamentary session the current dollar/yen exchange rate is
+  not necessarily satisfactory for the Japanese economy.
+      Miyazawa said the Paris currency accord among six major
+  industrial nations last month does not necessarily mean the yen
+  should stay stable around current levels in the future.
+      The Paris agreement was aimed at stopping a further rapid
+  fluctuation of exchange rates, he said.
+      The accord stipulated that current rates reflect
+  fundamentals of the six nations - Britain, Canada, France,
+  Japan, the U.S. And West Germany.
+  
+
diff --git a/reuters/training/4681 b/reuters/training/4681
new file mode 100644
index 0000000000000000000000000000000000000000..050954542d12e0870cada170ab6dc64434e46efe
--- /dev/null
+++ b/reuters/training/4681
@@ -0,0 +1,12 @@
+INDIA TOOK THREE CARGOES OF RBD OLEIN AT TENDER
+  The Indian State Trading Corporation
+  (STC) bought three cargoes of rbd palm olein at its vegetable
+  oil import tender yesterday, traders said. Late yesterday the
+  market was reporting it had bought one to two cargoes.
+      The business comprised two 6,000 tonne cargoes for March
+  15/April 15 shipments at 355 dlrs per tonne cif, and 6,000
+  tonnes for May at 358 dlrs. The first two cargoes were on a
+  cash basis and the May position was transacted on a 30 pct
+  counter-trade basis, traders said.
+  
+
diff --git a/reuters/training/4682 b/reuters/training/4682
new file mode 100644
index 0000000000000000000000000000000000000000..0cd0cc80bafa225b8a6e223fe08d92aec8fcaed0
--- /dev/null
+++ b/reuters/training/4682
@@ -0,0 +1,12 @@
+U.K. MONEY MARKET GIVEN 478 MLN STG EARLY HELP
+  The Bank of England said it provided the
+  market with 478 mln stg of early assistance to help ease a
+  liquidity shortage it estimated at 1.10 billion stg.
+      It made outright purchases of seven mln stg of band one
+  bank bills at 10-3/8 pct and 30 mln stg of band two bank bills
+  at 10-5/16 pct.
+      In addition, it bought 294 mln stg of paper for resale to
+  the market on March 30 and 147 mln stg for resale on April 8,
+  in both cases at an interest rate of 10-7/16 pct.
+  
+
diff --git a/reuters/training/4686 b/reuters/training/4686
new file mode 100644
index 0000000000000000000000000000000000000000..8bab92fd7f6d344760fe56ccdac7eef28632ea2b
--- /dev/null
+++ b/reuters/training/4686
@@ -0,0 +1,14 @@
+JAPAN PERSONAL SAVINGS SOAR IN 1986
+  Japanese personal savings grew 10.3 pct
+  in 1986 from 1985 helped by a sharp increase in stock
+  investments by individuals, the Bank of Japan said.
+      Outstanding savings on December 31, 1986 totalled 545,303
+  billion yen. Funds in investment trusts alone totalled 21,918
+  billion yen, up 37.4 pct from a year earlier.
+      The outstanding balance also included deposits at banks and
+  post offices, up 7.4 pct to 337,867 billion yen, savings in the
+  form of insurance, up 18.6 pct to 111,431 billion, corporate
+  bond investments, up 7.8 pct to 46,867 billion, and investments
+  in trust banks, up 4.1 pct to 27,220 billion.
+  
+
diff --git a/reuters/training/4687 b/reuters/training/4687
new file mode 100644
index 0000000000000000000000000000000000000000..f504e9ab4e008a5c5fb77b1eb29c55f94f765a06
--- /dev/null
+++ b/reuters/training/4687
@@ -0,0 +1,11 @@
+ALUSUISSE SHARES SUSPENDED ON CAPITAL CUT NEWS
+  Trading in shares of Schweizerische
+  Aluminium AG, Alusuisse, <ALUZ.Z> was suspended on the Zurich
+  stock exchange after today's announcement by the company that
+  it would cut its share capital by 50 pct, the bourse said.
+      The bourse said trading would resume again on Monday.
+      Alusuisse bearer shares closed at 490 francs yesterday,
+  registered shares at 170 francs and the participation
+  certificates at 45.50.
+  
+
diff --git a/reuters/training/4689 b/reuters/training/4689
new file mode 100644
index 0000000000000000000000000000000000000000..be8f28191107b61124e9311a262f4afba3470b37
--- /dev/null
+++ b/reuters/training/4689
@@ -0,0 +1,34 @@
+PETROBRAS CANCELS OIL PURCHASE FROM SAUDI ARABIA
+  Brazil's state oil company
+  Petrobras has cancelled a 40 mln dlr crude oil purchase from
+  Saudi Arabia after the Saudis refused to accept credit
+  guarantees from the Bank of Brazil and did not disclose
+  reasons, a Petrobras official said.
+      Export director Carlos Santana told reporters the Saudis
+  were the first suppliers of oil to impose such conditions after
+  Brazil's decision to halt interest payment of its commercial
+  debts last month. The shipment of 2.2 mln barrels represents
+  two days of consumption.
+      He said the Saudis reported they would no longer accept
+  letters of credit from the Bank of Brazil or even from Saudi
+  banks and that Brazil would have to obtain credit guarantees
+  from leading international banks.
+      In February, Brazil had contracted to buy 125,000 bpd from
+  the Saudis until June. Saudi Arabia is Brazil's second biggest
+  oil supplier, with an average 115,000 bpd. Iraq is the main
+  supplier with 235,000 bpd. China comes third, with 58,000 bpd.
+      "If the Saudis wish to stop our trade relationship...I am
+  sure that if they do, we will be getting dozens of offers from
+  elsewhere," Santana added.
+      Santana said if the Saudis change their minds and decide to
+  respect the terms of the contract, then Petrobras will lift the
+  order to cancel the shipment.
+      The Saudis had put similar conditions on a previous
+  shipment, he added. "We telexed them saying that if they
+  insisted, we would rather cancel the contract and buy the
+  product elsewhere," Santana said.
+      After Petrobras threatened to cancel the contract, the
+  Saudis changed their minds and decided to accept the Bank of
+  Brazil's credit guarantees, he said.
+  
+
diff --git a/reuters/training/4690 b/reuters/training/4690
new file mode 100644
index 0000000000000000000000000000000000000000..95069ba884c47e4bf0dd73bc406ab2a962dd2a23
--- /dev/null
+++ b/reuters/training/4690
@@ -0,0 +1,24 @@
+MANNESMANN CONSIDERING MAJORITY STAKE IN FICHTEL
+  A Mannesmann AG <MMWG.F> spokesman
+  said the company has lodged an application with the Federal
+  Cartel Office for approval of a possible majority stake in car
+  parts company <Fichtel und Sachs AG>.
+      He described the application as a precautionary move and
+  said no agreement on buying a majority stake had yet been
+  reached. Until now Mannesmann has said only that it wanted to
+  buy a 37.5 pct stake in Fichtel from the heirs of Ernst Wilhelm
+  Sachs, the grandson of the firm's founder.
+      The spokesman declined to say from whom it may buy the
+  other shares to create a majority stake in the firm.
+      Fichtel's other principal shareholders are Commerzbank AG
+  <CBKG.F>, with 35.01 pct, and Salzgitter AG <ISLG.F>, with
+  24.98 pct. Spokesmen declined to comment directly on the
+  possibility of selling Fichtel shares to Mannesmann.
+      Mannesmann said in January it hoped to take a 37.5 pct
+  stake in Fichtel's holding company Sachs AG in the first
+  quarter.
+      Last week a spokesman said Mannesmann had a letter of
+  intent on the 37.5 pct stake but completion was being delayed
+  by legal questions surrounding the inheritance.
+  
+
diff --git a/reuters/training/4691 b/reuters/training/4691
new file mode 100644
index 0000000000000000000000000000000000000000..09202275565c957613c83d38b05c46dc8600340a
--- /dev/null
+++ b/reuters/training/4691
@@ -0,0 +1,43 @@
+SCHWEIZERHALLE FIRE HIT SANDOZ 1986 PROFITS
+  Sandoz AG <SANZ.Z> would
+  have reported a percentage rise in net profits "close to double
+  figures" rather than the actual two pct had it not been for
+  November's warehouse fire, a senior company official said.
+      The official, who declined to be identified, told Reuters
+  Sandoz had made a substantial addition to reserves to cope with
+  the consequences of the accident at Schweizerhalle, which
+  caused severe pollution of the Rhine.
+      Sandoz today reported without comment a rise in net profits
+  to 541 mln francs from the previous 529 mln and a five pct
+  increase in dividend to 105 francs per 250 franc nominal share.
+      This year began well, with the performance in January and
+  February at least equal to the same period last year, the
+  official said.
+      The company is expected to give fuller details of its
+  results at a news conference on April 22.
+      Sandoz has insisted that it is adequately insured to cover
+  any liability arising from the accident.
+      The official said the addition to reserves was to cover the
+  "one pct" of claims somehow not covered and any voluntary
+  gestures it wanted to compensate for the effects of pollution
+  from the fire.
+      Sandoz has not given any figure for claims, which have been
+  flowing in from Switzerland and other countries bordering the
+  Rhine since the accident.
+      However, the official said the final figure would be "much
+  less than that cited in earlier comments." He gave no further
+  details.
+      In line with fellow chemical giant Ciba-Geigy <CIGZ.Z>,
+  which reported last month, Sandoz profit and turnover were also
+  hit by the falling dollar, the official said.
+      Sales in local currency terms were up by 14 pct, with
+  market share increases in the United States and Japan. But this
+  was more than offset by a 15 pct negative foreign exchange
+  effect, which produced the reported one pct drop in turnover to
+  8.36 billion francs,the Sandoz official said.
+      Net profit at Ciba-Geigy dropped by 21 pct to 1.16 billion
+  francs, while sales fell by 12 pct to 15.95 billion francs.
+      The third major Swiss chemical company, F. Hoffmann-La
+  Roche and Co <HOFZ.Z> has not yet reported its results.
+  
+
diff --git a/reuters/training/4692 b/reuters/training/4692
new file mode 100644
index 0000000000000000000000000000000000000000..4e2a68d5f827200c28fdd5d1cc234a908868835f
--- /dev/null
+++ b/reuters/training/4692
@@ -0,0 +1,64 @@
+ALUSUISSE SEES POSSIBLE BREAK-EVEN IN 1987
+  Schweizerische Aluminimum AG <ALUZ.Z>
+  (Alusuisse) may be able to break even this year after cleansing
+  its balance sheet for 1986, chief executive Hans Jucker said.
+      "The threshold of profitability has returned to the
+  foreseeable future," he said. "We expect already in 1987
+  approximately to break even. That presupposes, however, that
+  our industrial environment does not worsen."
+      He said Alusuisse would no longer face the burden of past
+  losses.
+      Alusuisse made a net loss of 688 mln Swiss francs in 1986
+  after a restated 756 mln loss in 1985.
+      Gross sales were 5.93 billion francs after 8.51 billion and
+  net turnover 5.65 billion after 8.00 billion.
+      Alusuisse had originally reported a 692 mln francs loss for
+  1985.
+      But Jucker and Finance Director Hermann Haerri told a news
+  conference the new management installed a year ago had decided
+  to restate the previous five years' accounts to eliminate
+  rights on Australian bauxite previously in the books as an
+  asset.
+      Together with other one-off charges, Alusuisse took an
+  gross extraordinary charge in 1986 of 698 mln francs, up from
+  472 mln in 1985.
+      It also had 106 mln extraordinary income in 1986 remaining,
+  after provisions, from the sale of its Maremont Corp subsidiary
+  in the United States. There were no extraordinary gains in
+  1985.
+      Jucker said the losses, plus those carried forward from
+  1985, had wiped out the company's remaining reserves and
+  exceeded legally allowed levels, forcing Alusuisse to adopt a
+  50 pct capital cut, to be approved by shareholders on April 22.
+      Jucker said he knew shareholders would find this "radical
+  elimination of the mortgages of the past" painful, but said the
+  foundation had been laid for a successful new company strategy.
+      Haerri said despite the losses, the company's liquidity was
+  strong. Bank debt had been cut by about one-third to 2.56
+  billion francs against the end-1985 level of 3.85 billion.
+      Cash flow improved substantially to 323 mln francs from 111
+  mln and represented 5.7 pct of turnover against a mere 1.4 pct
+  in 1985.
+      In addition, to reassure other creditors, Alusuisse had
+  arranged with three major Swiss banks -- Union Bank of
+  Switzerland <SBGZ.Z>, Swiss Bank Corp <SBVZ.Z> and Credit
+  Suisse <CRSZ.Z>, to convert 300 mln francs of credits into a
+  subordinated loan.
+      The main sources of losses in 1986 were book losses and not
+  cash losses, Haerri said. Existing credit lines were used only
+  to a small extent, and the parent company had been granted a
+  new credit line of 200 mln francs from a consortium of Swiss
+  banks that would cover most of the loans falling due in 1987.
+      Haerri said the company had been criticized for maintaining
+  bauxite rights as an asset, and so had restated the accounts.
+      That left the 1985 account with a 756 mln franc loss
+  instead of 692 mln, 1984 with a 68 mln profit instead of 169
+  mln, 1983 with a 217 mln loss instead of 82 mln and 1982 with a
+  479 mln loss instead of 179 mln.
+      The new accounts show 1985 with shareholders' equity of
+  1.15 billion francs instead of 1.75 billion, and similar
+  alternations were made for previous years.
+      After 1986 losses, shareholder's equity stood at only 895
+  mln francs.
+  
+
diff --git a/reuters/training/4695 b/reuters/training/4695
new file mode 100644
index 0000000000000000000000000000000000000000..0a116e078b394861989af5265e7de956c771f5ac
--- /dev/null
+++ b/reuters/training/4695
@@ -0,0 +1,24 @@
+JAPAN CORPORATE PROFITS IN LAST 1986 QUARTER UP
+  Current profits of Japan's major firms in
+  the October-December quarter rose four pct from a year earlier
+  to 5,654 billion yen against a 2.6 pct year-on-year rise in the
+  preceding quarter, the Finance Ministry said.
+      The improved earnings resulted mainly from a 22.5 pct
+  profit increase in non-manufacturing industries, supported by
+  an 88.7 pct rise for construction firms and a 138 pct gain in
+  real estate, according to a ministry survey.
+      Total sales of the 15,308 firms with capital of 10 mln yen
+  or more which responded to the poll, fell one pct to 217,217
+  billion yen against a 1.2 pct fall the previous quarter.
+      Current profits of manufacturing industries in the fourth
+  quarter dropped 13.7 pct to 2,394 billion yen against a 22.1
+  pct fall in the preceding quarter, the ministry said.
+      Plant and equipment investments of all firms polled fell
+  3.9 pct to 8,004 billion yen, compared with a 1.4 percent fall
+  the previoius quarter.
+      Ministry officials said the survey showed that the Japanese
+  economy is in a delicate stage in which it is hard to tell if
+  economic growth has stopped deteriorating or if the economy is
+  heading for a recovery.
+  
+
diff --git a/reuters/training/4696 b/reuters/training/4696
new file mode 100644
index 0000000000000000000000000000000000000000..e522db705a93bdd967363df66748c12f4c68e126
--- /dev/null
+++ b/reuters/training/4696
@@ -0,0 +1,11 @@
+U.S. LENDS SUDAN 57 MLN DLRS FOR WHEAT PURCHASES
+  The U.S. Is to lend Sudan 57 mln dlrs
+  to buy 309,000 tonnes of wheat and 73,000 tonnes of wheat
+  flour, according to an agreement signed here.
+      Under the agreement Sudan will receive 50 mln dlrs for the
+  commodities and the rest for sea transportation.
+      The loan is repayable in 40 years, including a 10-year
+  grace period. Interest will be two pct for the grace period and
+  three pct over the repayment period of 30 years.
+  
+
diff --git a/reuters/training/4697 b/reuters/training/4697
new file mode 100644
index 0000000000000000000000000000000000000000..109a543d954e235814f65caf531ac0b5040d7f22
--- /dev/null
+++ b/reuters/training/4697
@@ -0,0 +1,15 @@
+ALUSUISSE PLANS FURTHER ALUMINIUM CAPACITY CUTS
+  Schweizerische Aluminium AG <ALUZ.Z>
+  (Alusuisse) plans further drastic cuts in its aluminium
+  smelting capacity and more concentration of higher value-added
+  products, chief executive Hans Jucker said.
+      Elaborating on plans disclosed in outline last September,
+  company officials said current smelting capacity of 390,000
+  tonnes a year would be cut to between 250,000 and 260,000
+  tonnes by 1989 or 1990. They did not say where cuts might be
+  made.
+      Two years ago, before selling its Ormet Corp subsidiary in
+  the United States to local management and staff, Alusuisse had
+  an annual capacity of 800,000 tonnes.
+  
+
diff --git a/reuters/training/4698 b/reuters/training/4698
new file mode 100644
index 0000000000000000000000000000000000000000..763ae867be61048f651bc5d7431abae763ada011
--- /dev/null
+++ b/reuters/training/4698
@@ -0,0 +1,5 @@
+CANADA FEBRUARY UNEMPLOYMENT FALLS TO 9.6 PCT FROM JANUARY 9.7 PCT, STATISTICS CANADA SAID
+
+  CANADA FEBRUARY UNEMPLOYMENT FALLS TO 9.6 PCT FROM JANUARY 9.7 PCT, STATISTICS CANADA SAID
+  
+
diff --git a/reuters/training/47 b/reuters/training/47
new file mode 100644
index 0000000000000000000000000000000000000000..dbd148c6af0b07ddec1e8d52abaeea429f49ea2d
--- /dev/null
+++ b/reuters/training/47
@@ -0,0 +1,26 @@
+BRAZIL ANTI-INFLATION PLAN LIMPS TO ANNIVERSARY
+  inflation
+  plan, initially hailed at home and abroad as the saviour of the
+  economy, is limping towards its first anniversary amid soaring
+  prices, widespread shortages and a foreign payments crisis.
+      Announced last February 28 the plan froze prices, fixed the
+  value of the new Cruzado currency and ended widespread
+  indexation of the economy in a bid to halt the country's 250
+  pct inflation rate.
+      But within a year the plan has all but collapsed.
+      "The situation now is worse than it was. Although there was
+  inflation, at least the economy worked," a leading bank
+  economist said.
+      The crumbling of the plan has been accompanied by a
+  dramatic reversal in the foreign trade account. In 1984 and
+  1985 Brazil's annual trade surpluses had been sufficient to
+  cover the 12 billion dlrs needed to service its 109 billion dlr
+  foreign debt.
+      For the first nine months of 1986 all seemed to be on
+  target for a repeat, with monthly surpluses averaging one
+  billion dlrs. But as exports were diverted and imports
+  increased to avoid further domestic shortages the trade surplus
+  plunged to 211 mln dlrs in October and since then has averaged
+  under 150 mln.
+  
+
diff --git a/reuters/training/470 b/reuters/training/470
new file mode 100644
index 0000000000000000000000000000000000000000..d9b99117ee67013e6b621cb4187bcc588ed5c717
--- /dev/null
+++ b/reuters/training/470
@@ -0,0 +1,7 @@
+MFS MANAGED SECTORS TRUST DIVIDEND INCREASED
+  Semi-annual div from income of 7.3 cts vs 1.0 cent in prior
+  period
+      Payable March 27
+      Record February 27
+  
+
diff --git a/reuters/training/4700 b/reuters/training/4700
new file mode 100644
index 0000000000000000000000000000000000000000..dd8b6ccc3484edb80864cfc33e996fbd2ce32d22
--- /dev/null
+++ b/reuters/training/4700
@@ -0,0 +1,10 @@
+CANADA FEBRUARY UNEMPLOYMENT 9.6 PCT
+  Canada's February unemployment rate,
+  seasonally adjusted, fell to 9.6 pct from 9.7 pct in January,
+  Statistics Canada said. The rate was 9.8 pct in February last
+  year.
+      Seasonally adjusted employment in February was 11,777,000,
+  compared with 11,747,000 in January, while unemployment slipped
+  to 1,252,000 from 1,255,000.
+  
+
diff --git a/reuters/training/4703 b/reuters/training/4703
new file mode 100644
index 0000000000000000000000000000000000000000..81a46f7ce3c09211e7aeedaf8b8590bed667ca0e
--- /dev/null
+++ b/reuters/training/4703
@@ -0,0 +1,14 @@
+MIYAZAWA SAYS PRESENT YEN NOT NECESSARILY IDEAL
+  Finance Minister Kiichi Miyazawa told a
+  parliamentary session the current dollar/yen exchange rate is
+  not necessarily satisfactory for the Japanese economy.
+      Miyazawa said the Paris currency accord among six major
+  industrial nations last month does not necessarily mean the yen
+  should stay stable around current levels in the future.
+      The Paris agreement was aimed at stopping a further rapid
+  fluctuation of exchange rates, he said.
+      The accord stipulated that current rates reflect
+  fundamentals of the six nations - Britain, Canada, France,
+  Japan, the U.S. And West Germany.
+  
+
diff --git a/reuters/training/4708 b/reuters/training/4708
new file mode 100644
index 0000000000000000000000000000000000000000..8c7098c0bb643cae6bfde555c4fc99f6065dc41c
--- /dev/null
+++ b/reuters/training/4708
@@ -0,0 +1,12 @@
+JAPAN CABINET APPROVES BILL ON GOLD COIN ISSUES
+  The cabinet has approved a bill making it
+  easier for the government to issue commemorative coins, a
+  Finance Ministry official said.
+      The bill, which must still be approved by parliament, would
+  take effect in April 1988. It would allow the government to
+  issue 1,000, 5,000 and 10,000 yen coins without special
+  legislation, although higher-valued coins would still need a
+  special law, the official said. At present it can only issue
+  coins of 500 yen or less.
+  
+
diff --git a/reuters/training/4709 b/reuters/training/4709
new file mode 100644
index 0000000000000000000000000000000000000000..f5453c6d7341bcb6fc3ab2841b370963619675e4
--- /dev/null
+++ b/reuters/training/4709
@@ -0,0 +1,14 @@
+JAPAN MINISTER SAYS ABOUT 170 YEN APPROPRIATE
+  International Trade and Industry Minister
+  Hajime Tamura told a parliamentary session Japan's small- and
+  medium-sized enterprises are seriously suffering from the yen's
+  rise and can only stand levels around 170 yen.
+      He also said he still believes a dollar exchange rate level
+  plus or minus 10 yen from 170 yen would be within levels agreed
+  upon last month in Paris by six major industrial nations.
+  Finance ministers of Britain, Canada, France, Japan, the U.S.
+  And West Germany agreed on February 22 to cooperate in
+  stabilizing exchange rates around the current levels. The
+  dollar had closed here at 153.77 yen on February 20.
+  
+
diff --git a/reuters/training/4711 b/reuters/training/4711
new file mode 100644
index 0000000000000000000000000000000000000000..55a742f07a08835eeb8a7a434efe9250658592dc
--- /dev/null
+++ b/reuters/training/4711
@@ -0,0 +1,14 @@
+TWO BRAZILIAN SHIPPING FIRMS SETTLE WITH STRIKERS
+  Two small shipping companies have
+  reached a pay deal with striking seamen, but union leaders said
+  most of Brazil's 40,000 seamen were still on strike.
+      A union spokesman in Rio de Janeiro said the seamen had
+  accepted a 120 pct pay offer from the companies, Globo and
+  Flumar, which have less than 200 employees each.
+      The two-week strike comes as Brazil faces a debt crisis and
+  is delaying exports badly needed to earn foreign exchange.
+      Labour Minister Almir Pazzionotto said the government will
+  not force a settlement of the strike, which was ruled illegal
+  last Friday.
+  
+
diff --git a/reuters/training/4712 b/reuters/training/4712
new file mode 100644
index 0000000000000000000000000000000000000000..8931f12ab1c1ce53236996f2c013ebbb5d5e772c
--- /dev/null
+++ b/reuters/training/4712
@@ -0,0 +1,13 @@
+MIYAZAWA SAYS EXCHANGE RATES WILL STAY STABLE
+  Finance Minister Kiichi Miyazawa told a
+  press conference he thinks exchange rates will remain stable
+  due to the currency accord reached in Paris last month by six
+  major industrialised nations but he did not say for how long.
+      The dollar has hovered around 153 yen since the six agreed
+  to cooperate to bring about currency stability.
+      Asked to comment on remarks by some U.S. Officials calling
+  for a further decline of the dollar, Miyazawa said only the
+  U.S. President and the U.S. Treasury Secretary can make
+  official statements about exchange rates.
+  
+
diff --git a/reuters/training/4713 b/reuters/training/4713
new file mode 100644
index 0000000000000000000000000000000000000000..3f92ea0f63c34f784a7e8a5a7fd36a52f09d097a
--- /dev/null
+++ b/reuters/training/4713
@@ -0,0 +1,17 @@
+SUBROTO SEES OIL MARKET CONTINUING BULLISH
+  Indonesian Energy Minister Subroto said
+  he sees the oil market continuing bullish, with underlying
+  demand expected to rise later in the year.
+      He told a press conference in Jakarta at the end of a
+  two-day meeting of South-East Asian Energy Ministers that he
+  saw prices stabilizing around 18 dlrs a barrel.
+      "The sentiment in the market is bullish and I think it will
+  continue that way as demand will go up in the third or fourth
+  quarters," Subroto said.
+      Asked about the prospect for oil prices, he said: "I think
+  they will stabilise around 18 dlrs, although there is a little
+  turbulence ..."
+      "Of course the spot price will fluctuate, but the official
+  price will remain at 18 dlrs," he added.
+  
+
diff --git a/reuters/training/4714 b/reuters/training/4714
new file mode 100644
index 0000000000000000000000000000000000000000..eb128ff9a6a8c7da609d4a97207c6771954d1cbc
--- /dev/null
+++ b/reuters/training/4714
@@ -0,0 +1,18 @@
+OPEC DEFENDING 18 DLR PRICE, SUBROTO SAYS
+  Indonesian Energy Minister Subroto said
+  OPEC is deliberately under its production ceiling of 15.8 mln
+  barrels to defend its 18 dlr a barrel price target.
+      He told reporters at an energy conference in Jakarta that
+  OPEC had decided to maintain its price level of 18 dlrs.
+      "We are deliberately defending the price, so OPEC production
+  is less than 15.8 (mln) at the moment," he stated.
+      Asked if OPEC would increase production if prices went
+  above 18 dlrs a barrel, he said this would be decided at the
+  next OPEC meeting in June. "We will discuss the market situation
+  then," he added.
+      He said a meeting of the OPEC Differentials Committee had
+  been postponed because "there is no need for the meeting."
+      He did not elaborate. The committee had originally been due
+  to meet in Vienna this week.
+  
+
diff --git a/reuters/training/4717 b/reuters/training/4717
new file mode 100644
index 0000000000000000000000000000000000000000..0635d5629454aee05767e4eb7260224c3d00871f
--- /dev/null
+++ b/reuters/training/4717
@@ -0,0 +1,13 @@
+BANK OF JAPAN CALLS FOR LONG-TERM EFFORTS ON TRADE
+  The short-term effect of foreign exchange
+  rate movements in correcting international trade imbalances
+  appears to be waning, and long-term efforts are required to cut
+  Japan's chronic dependence on external demand, the Bank of
+  Japan said in a monthly report.
+      Japan's trade surplus in nominal terms is likely to remain
+  high in the near future, the central bank said.
+      Fundamental adjustments will be needed as long as Japan
+  hopes to benefit from a better international allocation of
+  resources and maintain the free trade system, it added.
+  
+
diff --git a/reuters/training/4719 b/reuters/training/4719
new file mode 100644
index 0000000000000000000000000000000000000000..6b5906a115bf1cb735dfa025e70d8b3895f9aab3
--- /dev/null
+++ b/reuters/training/4719
@@ -0,0 +1,12 @@
+BURMESE PADDY PRODUCTION LOWER IN 1986/87
+  Burma's paddy production fell to 729.4
+  mln baskets in fiscal year 1986-1987 (to end March) from 737.3
+  mln in 1985-1986, a cabinet report to parliament said.
+      A basket is a local measure equal to 46 lbs.
+      Paddy output in 1984-1985 was 699.1 mln baskets, it said.
+      Burma's "Green Revolution" sparked by the introduction of
+  high-yield variety paddy strains in the mid-1970s appears to
+  have hit a plateau with production levelling off over the past
+  two years, economists said.
+  
+
diff --git a/reuters/training/4720 b/reuters/training/4720
new file mode 100644
index 0000000000000000000000000000000000000000..103f2640373ba4765526a0c41d3407b4da7db48f
--- /dev/null
+++ b/reuters/training/4720
@@ -0,0 +1,19 @@
+U.K. MONEY MARKET GIVEN FURTHER 168 MLN STG HELP
+  The Bank of England said it provided the
+  money market with a further 168 mln stg of assistance to help
+  offset a shortage it now estimated at 1.05 billion stg, revised
+  down from 1.10 billion.
+      It bought 21 mln stg of bank bills outright, 20 mln in band
+  one at 10-3/8 pct and one mln in band two at 10-5/16 pct. In
+  addition, it bought 98 mln stg of bills for resale on March 30
+  and 49 mln stg for resale April 8 at an interest rate of
+  10-7/16 pct. All these rates are the same as for today's
+  earlier help.
+      So far today, the bank has provided the market with
+  assistance worth 646 mln stg.
+      The bank also announced the rates applicable to temporary
+  lending facilities rolled over today.
+      The average mid-market rate for lending rolled over for one
+  week is 10-15/16 pct and for two weeks 10-5/8 pct.
+  
+
diff --git a/reuters/training/4729 b/reuters/training/4729
new file mode 100644
index 0000000000000000000000000000000000000000..5fe41dc1dc031887b0a49d8b21bff4d7cc59fe58
--- /dev/null
+++ b/reuters/training/4729
@@ -0,0 +1,7 @@
+AEP INDUSTRIES INC <AEPI> 1ST QTR JAN 31 NET
+  Shr 19 cts vs 32 cts
+      Net 586,000 vs 802,000
+      Sales 14.2 mln vs 15.1 mln
+      Avg shrs 3,006,372 vs 2,506,250
+  
+
diff --git a/reuters/training/473 b/reuters/training/473
new file mode 100644
index 0000000000000000000000000000000000000000..f91ecb3edbbe3f36dd059e7a2595d7f3e39a3826
--- /dev/null
+++ b/reuters/training/473
@@ -0,0 +1,22 @@
+MULTI-STEP TO SELL LADDER UNIT, CANCEL SHARES
+  <Multi-Step Products Inc>, earlier
+  reporting an initial six month loss, said it agreed to sell
+  wholly owned Multi-Step Manufacturing Inc for 100,000 dlrs
+  cash, subject to shareholder and regulatory approval.
+      Multi-Step also said it will pay 900,000 dlrs to cancel
+  711,192 of its own shares, which will be acquired from Michael
+  Penhale and his benficiaries. Penhale will control and manage
+  Multi-Step Manufacturing, following the transactions.
+      Multi-Step had a 739,146 dlr loss for the six months ended
+  December 31. The company received its initial public listing in
+  December.
+      The company said its ladder-making unit has been losing
+  300,000 dlrs quarterly.
+      The sale, expected to close in April, also calls for
+  retirement of the unit's 400,000 dlr bank debt, Multi-Step
+  said. The unit also has agreed to pay a debt of 400,000 dlrs to
+  Tarxien Company Ltd, which is 40 pct owned by Multi-Step.
+      Multi-Step previously said it agreed to acquire the
+  remaining 60 pct of Tarxien it does not already own.
+  
+
diff --git a/reuters/training/4732 b/reuters/training/4732
new file mode 100644
index 0000000000000000000000000000000000000000..c4e5ab96017b476103240ca36e3680c0f31ecbe2
--- /dev/null
+++ b/reuters/training/4732
@@ -0,0 +1,19 @@
+D.H. HOLMES CO LTD <HLME> 4TH QTR NET
+  Shr 39 cts vs 1.34 dlrs
+      Net 1,392,000 vs 4,686,000
+      Sales 81.9 mln vs 81.7 mln
+      Year
+      Shr 10 cts vs 97 cts
+      Net 355,000 vs 3,375,000
+      Sales 270.4 mln vs 272.8 mln
+      NOTE: Share adjusted for three pct stock dividend in
+  January 1987.
+      Pretax net profits 3,052,000 dlrs vs 4,498,000 dlrs in
+  quarter and loss 572,000 dlrs vs profit 2,922,000 dlrs in year.
+      Latest year net includes pretax gains of 166,000 dlrs in
+  quarter and 4,420,000 dlrs in year from pension plan
+  reversions.
+      Prior year net includes gain 1,549,000 dlrs on sale of
+  property.
+  
+
diff --git a/reuters/training/4733 b/reuters/training/4733
new file mode 100644
index 0000000000000000000000000000000000000000..cd5bdf9c7dba32dba24bef2f81cde7ba362aa552
--- /dev/null
+++ b/reuters/training/4733
@@ -0,0 +1,21 @@
+FIRST BOSTON <FBC> STARTS ALLEGHENY <AG> BID
+  First Boston Inc said it has started
+  its previously-announced tender offer for all common shares,
+  2.19 dlr cumulative preference shares and 11.25 dlr convertible
+  preferred shares of Allegheny International Inc at 24.60 dlrs,
+  20.00 dlrs and 87.50 dlrs respectively.
+      In a newspaper advertisement, the company said the offer
+  and withdrawal rioghts will expire April Nine unless extended.
+  The offer is conditioned on receipt of at least a majority of
+  Allegheny voting power on a fully diluted basis and on receipt
+  of at least two thirds each of the preference and preferred
+  shares.
+      A merger approved by the Allegheny board in which remaining
+  common, preference and preferred shares would be acquired at
+  the tender prices is to follow the offer.
+      Receipt of the minimum amounts under the offer would give
+  First Boston sufficient voting power to assure approval of the
+  merger without the affirmative vote of any other shareholder,
+  the company said.
+  
+
diff --git a/reuters/training/4735 b/reuters/training/4735
new file mode 100644
index 0000000000000000000000000000000000000000..f71d3ddf1d1b30eb8d76889ba658ef2df7b68967
--- /dev/null
+++ b/reuters/training/4735
@@ -0,0 +1,30 @@
+COURT PUTS INJUNCTION ON DUTCH PORT REDUNDANCIES
+  Employers in Rotterdam port's
+  strike-hit general cargo sector have been served with an
+  injunction until May 7 preventing them from continuing with
+  plans for 350 redundancies this year, an employers'
+  organisation spokesman said.
+      An Amsterdam court yesterday ruled there had been a legal
+  fault in the employers' redundancy procedure.
+      The employers' spokesman said they were likely to restart
+  the redundancy procedure afresh next week in an attempt to
+  pre-empt the May 7 final court ruling.
+      Port and transport union representative Paul Rosenmuller
+  described the court ruling as a victory for the union, but
+  added there was still a long way to go before the dispute that
+  has hit the general cargo sector for the past eight weeks was
+  resolved.
+      Rosenmuller said there would be a meeting of the sector's
+  4,000 workers this afternoon to decide on further action in the
+  campaign of lightning strikes that began on January 19 in
+  protest at planned redundancies of 800, starting with 350 this
+  year.
+      The employers said there were no immediate plans for
+  meetings with the union either on the proposed redundancies or
+  on a new work practice agreement in the sector.
+      Meanwhile, discussions on a new work agreement in the
+  port's grain sector, due to resume next week, are stalemated,
+  although agreement could be close in the coal and ore sector,
+  the employers' spokesman added.
+  
+
diff --git a/reuters/training/4739 b/reuters/training/4739
new file mode 100644
index 0000000000000000000000000000000000000000..4d2b8e1e3ace6536495bae1010cc50db1cb386b0
--- /dev/null
+++ b/reuters/training/4739
@@ -0,0 +1,14 @@
+STRIKE TO CLOSE NEW ZEALAND PORTS ON MONDAY
+  Harbour workers said they will
+  strike for 24 hours on Monday, effectively closing all New
+  Zealand's ports.
+      The strike is over deadlocked wage negotiations.
+      A Harbour Employees Workers' Union spokesman told reporters
+  there will be no ship movements in and out of ports from
+  midnight on Sunday (1200 hrs GMT March 15).
+      There will be no loading or unloading involving harbour
+  board workers and the Cook Strait ferries, which provide a
+  vital link between New Zealand's North and South Islands, will
+  not run, he added.
+  
+
diff --git a/reuters/training/474 b/reuters/training/474
new file mode 100644
index 0000000000000000000000000000000000000000..5b96c942a56b6bec62accf0684e7d8cca78ebd63
--- /dev/null
+++ b/reuters/training/474
@@ -0,0 +1,12 @@
+ESSELTE BUSINESS <ESB> UNIT BUYS ANTONSON UNIT
+  Esselte Business Systems Inc's
+  Esselte Meto division said it has acquired the Antonson America
+  Co, a subsidiary of <Antonson Machines AB>, of Sweden.
+      Esselte said the Antonson unit, based in LaPorte, Indiana,
+  manufactures scales and label printers. The company said the
+  purchase is part of a plan to increase the range of retail
+  electronic scales being offered by Esselte in the U.S.
+      It said the acquisition will enble Esselte to increase its
+  distribution base in its effort to grow in the U.S.
+  
+
diff --git a/reuters/training/4740 b/reuters/training/4740
new file mode 100644
index 0000000000000000000000000000000000000000..5ba3e6e2cb922dcb1e0867229c6c9b598355e4cd
--- /dev/null
+++ b/reuters/training/4740
@@ -0,0 +1,15 @@
+TWO BRAZILIAN SHIPPING FIRMS SETTLE WITH STRIKERS
+  Two small shipping companies reached
+  a pay deal with striking seamen late yesterday, but union
+  leaders said most of Brazil's 40,000 seamen were still on
+  strike.
+      A union spokesman in Rio de Janeiro said the seamen had
+  accepted a 120 pct pay raise offer from the companies, Globo
+  and Flumar, which have less than 200 employees each.
+      The two-week strike comes as Brazil faces a debt crisis and
+  is delaying exports badly needed to earn foreign exchange.
+      Labour Minister Almir Pazzionotto said the government will
+  not force a settlement of the strike, which was ruled illegal
+  last Friday.
+  
+
diff --git a/reuters/training/4741 b/reuters/training/4741
new file mode 100644
index 0000000000000000000000000000000000000000..b53b3ecb2cefa2fc9654fcb5d0e6526410ec337d
--- /dev/null
+++ b/reuters/training/4741
@@ -0,0 +1,14 @@
+PORTUGUESE FEBRUARY CONSUMER PRICES RISE ONE PCT
+  Portugal's consumer prices rose one pct
+  last month after a 1.2 pct increase in January and a 1.3 pct
+  rise in February 1986, the National Statistics Institute said.
+      The consumer price index (base 1976) rose to 761.3 from
+  753.7 in January and compared with 695.4 in February 1986.
+      This gave a year-on-year February inflation rate of 9.5 pct
+  against 9.8 pct in January and 12.6 pct in February 1986.
+      Measured as an annual average rate, inflation in February
+  was 11.1 pct compared with 11.4 pct in January.  The government
+  forecasts annual average inflation of about eight pct this
+  year.
+  
+
diff --git a/reuters/training/4742 b/reuters/training/4742
new file mode 100644
index 0000000000000000000000000000000000000000..5e77d31f55885e9a496ce239be5e3997d5bcf82e
--- /dev/null
+++ b/reuters/training/4742
@@ -0,0 +1,10 @@
+WEATHER CLOSES ALEXANDRIA PORT, SUMED OIL TERMINAL
+  Strong winds and high seas
+  forced the closure of Egypt's main port of Alexandria and a
+  nearby oil terminal, port officials said.
+      Tanker loading at the Suez-Mediterranean Arab Petroleum
+  Pipelines Co in Sedi Kerir, southwest of here, stopped and
+  officials said five tankers were at anchorage awaiting improved
+  weather.
+  
+
diff --git a/reuters/training/4743 b/reuters/training/4743
new file mode 100644
index 0000000000000000000000000000000000000000..912b2b983ae8bd4840d1e6e76a4809a85e826afd
--- /dev/null
+++ b/reuters/training/4743
@@ -0,0 +1,5 @@
+U.S. PRODUCER PRICES ROSE 0.1 PCT IN FEB AFTER 0.6 PCT JAN RISE
+
+  U.S. PRODUCER PRICES ROSE 0.1 PCT IN FEB AFTER 0.6 PCT JAN RISE
+  
+
diff --git a/reuters/training/4744 b/reuters/training/4744
new file mode 100644
index 0000000000000000000000000000000000000000..416928d09d8921b83743afaa2b0158ab42a0957e
--- /dev/null
+++ b/reuters/training/4744
@@ -0,0 +1,55 @@
+U.S. PRODUCER PRICES RISE 0.1 PCT IN FEBRUARY
+  The U.S. Producer Price Index for
+  finished goods rose 0.1 pct on a seasonally adjusted basis in
+  February, the Labor Department said.
+      The increase came after a 0.6 pct increase in producer
+  prices in January.
+      Higher energy prices were primarily responsible for the
+  increase in February, though they rose at a slower pace than
+  they had in January, the department said.
+      The finished goods index was up 0.1 pct from its February,
+  1986 level.
+      Before seasonal adjustment, the index for finished goods
+  stood at 292.3 over its 1967 base of 100.
+      Among finished goods, the index for energy products rose
+  four pct in February after a 9.8 pct increase in January. But
+  price increases slowed sharply for gasoline and home heating
+  oil, the department said.
+      There were some price declines, including a 3.4 pct fall
+  for passenger cars and 1.3 pct for light trucks from January
+  levels. This reflected expanded factory-financed rebates and
+  discount loan programs, the department said.
+      Before seasonal adjustment, the index for finished goods
+  stood at 292.3 over its 1967 base of 100.
+      Among finished goods, the index for energy products rose
+  four pct in February after a 9.8 pct increase in January. But
+  price increases slowed sharply for gasoline and home heating
+  oil, the department said.
+      There were some price declines, including a 3.4 pct fall
+  for passenger cars and 1.3 pct for light trucks from January
+  levels. This reflected expanded factory-financed rebates and
+  discount loan programs, the department said.
+      The index for consumer foods fell 0.5 pct after a 1.8
+  pct drop in January as vegetables, pork and coffee cost less.
+  The index for intermediate goods rose 0.5 pct following a sharp
+  0.9 pct rise in January.
+      The department said that energy prices again were the main
+  reason, with the index for intermediate energy up 2.7 pct.
+      Gasoline and diesel fuel prices were about five pct higher,
+  half the 10 pct jump recorded in January.
+      The durable manufacturing materials index edged down 0.1
+  pct last month after jumping 1.0 pct in January as prices for
+  steel, precious metals and copper stabilized.
+      The department said lead and zinc prices fell, while
+  hardwood lumber and cement cost more. The crude materials index
+  rose 1.8 pct in February after a 2.9 pct rise in January. Crude
+  energy materials were up 2.6 pct, much less than the 10 pct
+  rise in January. Crude petroleum prices rose 4.4 pct last month
+  after a sharp 19.7 pct rise in January.
+      Price rises accellerated for logs and timber and tobacco,
+  but fell for cotton, metal ores and copper and aluminum scrap.
+      Among finished goods, gasoline rose 5.5 pct after a 15.7
+  pct January increase, and fuel oil was up three pct in February
+  after an 18.0 pct increase in January.
+  
+
diff --git a/reuters/training/4745 b/reuters/training/4745
new file mode 100644
index 0000000000000000000000000000000000000000..6fa0cc35af3319c420f15bdea45d601dc099bc66
--- /dev/null
+++ b/reuters/training/4745
@@ -0,0 +1,13 @@
+FIRST FARWEST CORP <FFWS> 4TH QTR LOSS
+  Shr loss 4.22 dlrs vs profit nil
+      Net loss 5,568,000 vs profit 11,000
+      Revs 42.2 mln vs 37.5 mln
+      Year
+      Shr loss 3.74 dlrs vs profit 1.02 dlrs
+      Net loss 4,898,000 vs profit 1,384,000
+      Revs 139.0 mln vs 132.7 mln
+      NOTE: 1986 net both periods includes 1,603,000 dlr loss
+  from discontinued operations due to settlement of lawsuit and
+  redemption of preferred.
+  
+
diff --git a/reuters/training/4747 b/reuters/training/4747
new file mode 100644
index 0000000000000000000000000000000000000000..dd912f9b50d218bb787244a3a317ede284682335
--- /dev/null
+++ b/reuters/training/4747
@@ -0,0 +1,13 @@
+HEMOTEC INC <HEMO> 4TH QTR NET
+  Shr one ct vs two cts
+      Net 22,000 vs 58,000
+      Sales 951,000 vs 901,000
+      Year
+      Shr four cts vs 12 cts
+      Net 88,000 vs 293,000
+      Sales 4,014,000 vs 3,533,000
+      NOTE: Net includes tax credits of 46,000 dlrs vs 84,000
+  dlrs in quarter and credit 19,000 dlrs vs provision 37,000 dlrs
+  in year.
+  
+
diff --git a/reuters/training/4748 b/reuters/training/4748
new file mode 100644
index 0000000000000000000000000000000000000000..d9a88fc231ea63d3268f85a80be207473e2b8261
--- /dev/null
+++ b/reuters/training/4748
@@ -0,0 +1,14 @@
+SERVICE CONTROL BIDS FOR AMERICAN SERVICE
+  <Service Control Corp> said it has
+  started a tender offer for all shares of <American Service
+  Corp> at 37 dlrs each.
+      In a newspaper advertisement, the company said the offer
+  and withdrawal rights expire April Nine unless extended.  The
+  American Service board has approved the offer, which is to be
+  followed by a merger at the same price.
+      Service Control said the offer is conditioned on receipt of
+  at least 534,806 shares.  It said holders of 534,819 shares
+  have agreed to tender their shares under the offer and have
+  granted Service Control an option to buy them at 37 dlrs each.
+  
+
diff --git a/reuters/training/475 b/reuters/training/475
new file mode 100644
index 0000000000000000000000000000000000000000..2f2e712dee7cfa61eadbcd96a13a9836b296237f
--- /dev/null
+++ b/reuters/training/475
@@ -0,0 +1,14 @@
+FED EXPECTED TO ADD TEMPORARY RESERVES
+  The Federal Reserve is expected to
+  enter the U.S. Government securities market to add temporary
+  reserves, economists said.
+      They expect it to supply the reserves indirectly by
+  arranging a fairly large round, two billion dlrs or more, of
+  customer repurchase agreements. The Fed may add the reserves
+  directly instead via System repurchases.
+      Federal funds, which averaged 6.02 pct on Friday, opened at
+  6-1/8 pct and traded between there and 6-1/16 pct. Funds are
+  under upward pressure from settlement of recently sold two-year
+  notes and from a Treasury tax and loan call on banks.
+  
+
diff --git a/reuters/training/4751 b/reuters/training/4751
new file mode 100644
index 0000000000000000000000000000000000000000..02b9f42b5dc7c3a59bc4d8027502df3c37e71efb
--- /dev/null
+++ b/reuters/training/4751
@@ -0,0 +1,18 @@
+DREYER'S GRAND <DRYR> RESTATES 4RTH QUARTER LOSS
+  Dreyer's Grand Ice Cream said
+  it has restated its previously-reported fourth quarter loss to
+  904,000 dlrs or 13 cts per share because it has now decided to
+  take a charge of about 700,000 dlrs to provide for losses of
+  Midwest Distributing Co, which was acquired December 30.
+      Dreyer's said the restatement reduces net income for the
+  full year to 5,914,000 dlrs or 80 cts per share.
+      The company said the restatement does not indicate any
+  change in its thinking on the benefits of the acquisition or
+  future prospects in Midwest Distributing's markets.
+      Dreyer's Grand previously reported 1986 earnings of
+  6,614,000 dlrs or 90 cts per share, down from 7,960,000 dlrs or
+  1.08 dlrs a share.  For the first nine months of the year, it
+  had earned 6,818,000 dlrs or 92 cts per share, up from
+  6,354,000 dlrs or 86 cts a share a year before.
+  
+
diff --git a/reuters/training/4755 b/reuters/training/4755
new file mode 100644
index 0000000000000000000000000000000000000000..a673c43488437d3529a3e676a50ea027b5763161
--- /dev/null
+++ b/reuters/training/4755
@@ -0,0 +1,11 @@
+<TURBO RESOURCES LTD> YEAR NET
+  Oper shr nine cts vs three cts
+      Oper shr diluted eight cts vs three cts
+      Oper net 15 mln vs five mln
+      Revs 518 mln vs 622 mln
+      NOTE: Oper net excludes extraordinary income of seven mln
+  dlrs vs four mln on tax loss carryforward, offset by writedowns
+  of three mln dlrs vs eight mln on U.S. oil and gas properties
+  and other assets.
+  
+
diff --git a/reuters/training/4756 b/reuters/training/4756
new file mode 100644
index 0000000000000000000000000000000000000000..cb70999057599a61c5b5380888d4372b0fdc57ab
--- /dev/null
+++ b/reuters/training/4756
@@ -0,0 +1,14 @@
+VW HAS NO COMMENT ON SEAT LOSS REPORTS
+  A Volkswagen AG
+  <VOWG.F> spokesman said the group had no immediate comment on
+  reports of greater than expected losses at its Spanish
+  subsidiary Sociedad Espanola de Automoviles de Turismo (SEAT).
+      German newspapers reported that Werner Schmidt, SEAT
+  supervisory board chairman, had told journalists that SEAT
+  losses for 1986 were around 27 billion pesetas, or about 386
+  mln marks, almost double original expectations.
+      According to the Boersen-Zeitung newspaper, Schmidt said VW
+  would invest 42 billion pesetas in SEAT this year and in the
+  years to 1995 would spend 462 billion on its new Spanish unit.
+  
+
diff --git a/reuters/training/4758 b/reuters/training/4758
new file mode 100644
index 0000000000000000000000000000000000000000..e19479f84f6cc840fb5ab6455561af14c4d88967
--- /dev/null
+++ b/reuters/training/4758
@@ -0,0 +1,5 @@
+BENEFICIAL CORP TO SELL WESTERN NATIONAL LIFE FOR 275 MLN DLRS
+
+  BENEFICIAL CORP TO SELL WESTERN NATIONAL LIFE FOR 275 MLN DLRS
+  
+
diff --git a/reuters/training/4759 b/reuters/training/4759
new file mode 100644
index 0000000000000000000000000000000000000000..156a468c17690e5415679091335e592cee2a5876
--- /dev/null
+++ b/reuters/training/4759
@@ -0,0 +1,5 @@
+GENERAL MILLS INC 3RD QTR SHR 64 CTS VS 52 CTS
+
+  GENERAL MILLS INC 3RD QTR SHR 64 CTS VS 52 CTS
+  
+
diff --git a/reuters/training/4761 b/reuters/training/4761
new file mode 100644
index 0000000000000000000000000000000000000000..971f26eb24b8eafc707a88148e95fdced291f32f
--- /dev/null
+++ b/reuters/training/4761
@@ -0,0 +1,5 @@
+CAESARS WORLD INC SAID BOARD REJECTS MARTIN SOSNOFF TENDER
+
+  CAESARS WORLD INC SAID BOARD REJECTS MARTIN SOSNOFF TENDER
+  
+
diff --git a/reuters/training/4763 b/reuters/training/4763
new file mode 100644
index 0000000000000000000000000000000000000000..8069f50a22b10d7f011490d0094aac407e9c0a14
--- /dev/null
+++ b/reuters/training/4763
@@ -0,0 +1,5 @@
+ Top discount rate at U.K. Bill tender falls to 9.3657 pct
+
+   Top discount rate at U.K. Bill tender falls to 9.3657 pct
+  
+
diff --git a/reuters/training/4765 b/reuters/training/4765
new file mode 100644
index 0000000000000000000000000000000000000000..6f10be237e6daa5a10344fc31efcc1b6dc56a3cc
--- /dev/null
+++ b/reuters/training/4765
@@ -0,0 +1,9 @@
+<MDI MOBILE DATA INTERNATIONAL INC> YEAR NET
+  Oper shr 63 cts vs 47 cts
+      Oper shr diluted 56 cts vs 38 cts
+      Oper net 3,284,955 vs 2,176,925
+      Revs 31.6 mln vs 23.0 mln
+      NOTE: Current oper net excludes writedown of 344,039 dlrs,
+  or seven cts a share, on unidentified investment.
+  
+
diff --git a/reuters/training/4768 b/reuters/training/4768
new file mode 100644
index 0000000000000000000000000000000000000000..45415509898f0b51f7dc9431e4f5a54425429ef4
--- /dev/null
+++ b/reuters/training/4768
@@ -0,0 +1,6 @@
+UK MONEY MARKET DEFICIT REVISED TO ONE BILLION STG
+  The Bank of England said it has revised
+  its estimate of today's shortfall to one billion stg, before
+  taking account of 646 mln stg morning assistance.
+  
+
diff --git a/reuters/training/4769 b/reuters/training/4769
new file mode 100644
index 0000000000000000000000000000000000000000..faf3c1f1d0c388c8a01f4ad84316cd8256ddf1c8
--- /dev/null
+++ b/reuters/training/4769
@@ -0,0 +1,14 @@
+OUTOKUMPU TO CLOSE NICKEL REFINERY DURING SUMMER
+  The Finnish metal and mining group
+  Outokumpu Oy said it will close its nickel refinery at
+  Harjavalta in central Finland for six weeks in July and August
+  this year due to current low prices on the nickel market.
+      "We consider nickel prices as bad at the moment, although
+  they have been rising slightly since January," refinery sales
+  manager Pekka Purra said.
+      He said the closure will mean a drop in production of 3,000
+  tonnes in 1987 from last year's output of 17,800 tonnes. The
+  closure was also a move to cut labour costs as no extra staff
+  have to be employed during holidays to keep the plant open.
+  
+
diff --git a/reuters/training/4770 b/reuters/training/4770
new file mode 100644
index 0000000000000000000000000000000000000000..4dd8291e5e64841e1065abe1fc6010893c8d1aa9
--- /dev/null
+++ b/reuters/training/4770
@@ -0,0 +1,5 @@
+U.S. FEB INDUSTRIAL PRODUCTION ROSE 0.5 PCT AFTER REVISED 0.1 PCT JAN GAIN
+
+  U.S. FEB INDUSTRIAL PRODUCTION ROSE 0.5 PCT AFTER REVISED 0.1 PCT JAN GAIN
+  
+
diff --git a/reuters/training/4771 b/reuters/training/4771
new file mode 100644
index 0000000000000000000000000000000000000000..a156328d9a60e850c42fc336e2004ae24a942737
--- /dev/null
+++ b/reuters/training/4771
@@ -0,0 +1,43 @@
+U.S. FEB INDUSTRIAL PRODUCTION ROSE 0.5 PCT
+  U.S. industrial production rose 0.5
+  pct in February after a revised 0.1 pct increase in January,
+  the Federal Reserve Board said.
+      The Fed previously said industrial production rose 0.4 pct
+  in January.
+      The Fed said the February gain was dominated by a sharp
+  rise in motor vehicle production, which boosted output of both
+  consumer goods and business equipment. Industrial production
+  stood at 127.3 pct of the 1977 average in February and was up
+  1.7 pct from a year ago, the Fed said.
+      The Fed also revised the December industrial production
+  figure to a gain of 0.5 pct from 0.3 pct originally reported.
+      Manufacturing output rose 0.5 pct in February after a 0.1
+  pct increase in January and included gains of 0.8 pct in
+  durables and 0.1 pct in non-durables, the Fed said.
+      Manufacturing was 2.4 pct above the year ago level.
+      Production of auto assemblies rose to an annual rate of 8.3
+  mln units last month from a January rate of 7.5 mln units.
+      Output of consumer goods rose 0.6 pct after falling 0.3 pct
+  in January and output of consumer durables was up 2.1 pct in
+  February after falling by 2.0 pct in January.
+      Business equipment production rose 1.0 pct in February,
+  reflecting more output of autos and trucks for business use and
+  a recovery from strikes in farm equipment industries, the Fed
+  said.
+      Mining output rose 0.1 pct after a 1.6 pct increase in
+  January, but was still six pct lower than a year ago.
+      Utilities output rose 0.7 pct in February after a 1.2 pct
+  rise in January.
+      Output of defense and space equipment was up 0.4 pct, the
+  same as in January, and 6.2 pct higher than a year ago.
+      Output of construction supplies rose 0.2 pct in February
+  after a 1.5 pct January rise.
+      Materials output increased by 0.2 pct last month, the
+  fourth consecutive monthly increase after declining throughout
+  much of 1986. The recent strength in materials has been
+  concentrated in textiles, paper and chemicals, the Fed said.
+      Output of home goods was up 0.3 pct in February and the Fed
+  said production of items like appliances and furniture
+  continued strong last month.
+  
+
diff --git a/reuters/training/4772 b/reuters/training/4772
new file mode 100644
index 0000000000000000000000000000000000000000..b9246a262f36db45ae46cdc0a9ec495c259e4eb5
--- /dev/null
+++ b/reuters/training/4772
@@ -0,0 +1,33 @@
+CAESARS WORLD <CAW> REJECTS SOSNOFF'S OFFER
+  Caesars World Inc said its board
+  unanimously rejected a 28 dlr a share takeover offer by New
+  York investor Martin T. Sosnoff.
+      Caesars said Sosnoff's offer to by all its outstanding
+  shares of common stock was inadequate and not in the best
+  interests of its shareholders.
+      The company recommended that shareholders reject Sosnoff's
+  offer, made through his <MTS Acquisition Corp>, and not tender
+  any of their shares.
+      Caesars said it will explore a variety of alternative
+  transactions but did not elaborate.
+      Caesars, in a brief statement, did not say whether it would
+  seek to buy back its shares held by Sosnoff.
+      A Caesars spokesman said the company would not comment
+  further on its decision.
+      On Wednesday, Sosnoff told the Securities and Exchange
+  Commission that he controls 13.6 pct of the company's stock.
+      Sosnoff also informed the SEC that Caesars had offered to
+  buyout his holdings several times during the past year.
+      No one from the Sosnoff organization was immediately
+  available for comment.
+      Caesars said its financial advisor, Drexel Burnham Lambert
+  Inc, had determined that Sosnoff's offer was financially
+  inadequate for shareholders other than Sosnoff.
+      The company said other factors it considered in rejecting
+  the offer were its financial condition, future prospects,
+  current market conditions and the numerous conditions on which
+  Sosnoff's bid was conditioned.
+      Caesars' stock opened up 1/8 point at 28-1/8. That is 1/8
+  point above Sosnoff's offer price.
+  
+
diff --git a/reuters/training/4773 b/reuters/training/4773
new file mode 100644
index 0000000000000000000000000000000000000000..fdde31dc0434f9b963624f25c369adf01b3b6a8d
--- /dev/null
+++ b/reuters/training/4773
@@ -0,0 +1,8 @@
+ESSELTE AB <ESB.ST> 1986 RESULTS
+  Group profit after net interest items
+  742 mln crowns vs 741 mln.
+      Sales 11.25 billion crowns vs 10.22 billion.
+      Estimated profit per share 10 crowns vs 9.20.
+      Proposed dividend four crowns vs 3.38.
+  
+
diff --git a/reuters/training/4774 b/reuters/training/4774
new file mode 100644
index 0000000000000000000000000000000000000000..4f96313ad3d285cc82dd7bc231de60596cc06b3a
--- /dev/null
+++ b/reuters/training/4774
@@ -0,0 +1,25 @@
+CONSECO <CNC> TO BUY BENEFICIAL <BNL> UNIT
+  Conseco Inc said it has signed a
+  definitive agreement to acquire Western National Life Insurance
+  Co from Beneficial Corp for 275 mln dlrs in cash.
+      Western National had assets of 1.9 billion dlrs at the end
+  of 1986 and 1986 premium and investment revenues.  Western
+  issues structured settlement annuities for the settlement of
+  personal injury and damage claims and sells tax-sheltered
+  annuities.
+      The acquisition is subject to regulatory approval.
+      Conseco said the acquisition would raise its assets to 2.7
+  billion dlrs and annual revenues to about 800 mln dlrs.
+      Beneficial had previously announced plans to leave the
+  insurance business.  On March Three, it said it agreed in
+  principle to sell its American Centennial Insurance Co,
+  Beneficial International Insurance Co, Consolidated MArine and
+  General Insurance Co Ltd, Consolidated Life Assurance Co Ltd,
+  Wesco Insurance Co and Service General Insurance Co
+  subsidiaries to a management-led group for 98 mln dlrs in notes
+  mostly contingent on performance of the units and 10 mln dlrs
+  in cash.
+      Conseco had 1986 operating earnings of 4,968,000 dlrs on
+  revenues of 84.9 mln dlrs.
+  
+
diff --git a/reuters/training/4775 b/reuters/training/4775
new file mode 100644
index 0000000000000000000000000000000000000000..f0ed268c577d3b50cfd23da5ecf45d15febf3a17
--- /dev/null
+++ b/reuters/training/4775
@@ -0,0 +1,11 @@
+GREAT AMERICAN BANCORP <GRTB> 4TH QTR NET
+  Shr profit seven cts vs loss 24 cts
+      Net profit 151,000 vs loss 523,000
+      12 mths
+      Shrs loss 1.70 dlrs vs loss 44 cts
+      Net loss 3,670,000 vs loss 947,000
+      Assets 99.7 mln vs 102.6 mln
+      Deposits 91.1 mln vs 90.6 mln
+      Loans 44.3 mln vs 51.7 mln
+  
+
diff --git a/reuters/training/4776 b/reuters/training/4776
new file mode 100644
index 0000000000000000000000000000000000000000..93e605ab07fcf9fe6c5750d94b2dc1779f44824a
--- /dev/null
+++ b/reuters/training/4776
@@ -0,0 +1,10 @@
+KONINKLIJKE NEDERLANDSE PAPIERFABRIEKEN <KNPN.AS>
+  Net 1986 profit 132.6 mln guilders vs 117.3 mln
+      Turnover 1.6 billion guilders vs same
+      Earnings per share 16.00 guilders vs 15.80 on capital
+  expanded by 11 pct to 8.21 mln outstanding shares.
+      Proposed dividend per share 5.50 guilders vs 5.00
+      Note - Full company name is Koninklijke Nederlandse
+  Papierfabrieken NV.
+  
+
diff --git a/reuters/training/4777 b/reuters/training/4777
new file mode 100644
index 0000000000000000000000000000000000000000..691d19ca23d7a648e92148410acd4af7342a4764
--- /dev/null
+++ b/reuters/training/4777
@@ -0,0 +1,19 @@
+GENERAL MILLS INC <GIS> 3RD QTR FEB 22 NET
+  Shr 64 cts vs 52 cts
+      Net 56,900,000 vs 46,400,000
+      Sales 1.31 billion vs 1.13 billion
+      Avg shrs 88.2 mln vs 89.3 mln
+      Nine mths
+      Shr 2.09 dlrs vs 1.59 dlrs
+      Net 185,900,000 vs 141,300,000
+      Sales 3.84 billion vs 3.36 billion
+      Avg shrs 88.9 mln vs 89.1 mln
+      NOTE: 1986 period ended February 23
+      Prior year amounts restated to reflect discontinued
+  furniture operations
+      Earnings include gains from discontinued operations of 1.5
+  mln dlrs, or two cts a share in the 1986 quarter and gains of
+  8.5 mln dlrs, or 10 cts a share in the fiscal 1987 nine months
+  vs 3.0 mln dlrs, or four cts a share a year earlier
+  
+
diff --git a/reuters/training/4778 b/reuters/training/4778
new file mode 100644
index 0000000000000000000000000000000000000000..dfefadea24b449c15248c63cabd258e1728e55ed
--- /dev/null
+++ b/reuters/training/4778
@@ -0,0 +1,14 @@
+UNOFFICIAL STRIKE HITS ROTTERDAM GRAIN SECTOR
+  About 220 men in Rotterdam port's
+  grain sector stopped work this afternoon in an unofficial
+  protest at the slow progress of negotiations over a new work
+  practice agreement, a spokesman for the port and transport
+  union FNV said.
+      Negotiations between the union and employers, which are due
+  to resume early next week, are currently stalemated with the
+  union refusing to accept sweeping changes in working hours and
+  practices in return for a 1.5 pct pay increase.
+      The FNV spokesman said the action did not yet have official
+  backing, but added that next week matters might be different.
+  
+
diff --git a/reuters/training/4779 b/reuters/training/4779
new file mode 100644
index 0000000000000000000000000000000000000000..792ce7e0a4b5ac0509ea1538e971fa3661ea76ab
--- /dev/null
+++ b/reuters/training/4779
@@ -0,0 +1,9 @@
+NOVELL <NOVL> SETS PAYMENT DATE FOR STOCK SPLIT
+  Novell Inc said the dividend to
+  effect its previously announced two-for-one stock split will be
+  distributed April 13.
+      As stated at the time of the original announcement, the
+  company said the payment will be made to holders of record
+  March 31.
+  
+
diff --git a/reuters/training/478 b/reuters/training/478
new file mode 100644
index 0000000000000000000000000000000000000000..2592aed0dc587325986987eacfb96203dc0ec339
--- /dev/null
+++ b/reuters/training/478
@@ -0,0 +1,13 @@
+FOUR SEASONS BUYING MARRIOTT <MHS> HOTEL
+  <Four Seasons Hotels Inc> and VMS Realty
+  Partners said they agreed to acquire the Santa Barbara Biltmore
+  Hotel in California from Marriott Corp, for undisclosed terms.
+      Closing was expected by March 31, they added.
+      The companies said they would jointly own the hotel and
+  rename it the Four Seasons Biltmore at Santa Barbara. They said
+  they would spend more than 13 mln U.S. dlrs "to enhance the
+  Biltmore's position as one of the finest resort hotels in North
+  America." Chicago-based VMS Realty is a real estate and
+  development firm.
+  
+
diff --git a/reuters/training/4780 b/reuters/training/4780
new file mode 100644
index 0000000000000000000000000000000000000000..c19ba2b8641da19e9c7f38d484df3895a9a78fd7
--- /dev/null
+++ b/reuters/training/4780
@@ -0,0 +1,7 @@
+NORTEK INC <NTK> SETS QUARTERLIES
+  Qtly div common 2-1/2 cts vs 2-1/2 cts prior
+      Qtly div special common one ct vs one ct
+      Pay May Eight
+      Record April Three
+  
+
diff --git a/reuters/training/4781 b/reuters/training/4781
new file mode 100644
index 0000000000000000000000000000000000000000..4154ec77e610a7647dde8958dd4df7cf9cde8b95
--- /dev/null
+++ b/reuters/training/4781
@@ -0,0 +1,27 @@
+DUTCH PORT UNION CALLS OFF GENERAL CARGO STRIKES
+  Dutch port and transport union, FNV,
+  has called off the strikes against planned redundancies that
+  have hit Rotterdam port's general cargo sector for the past
+  eight weeks, strike leader Paul Rosenmuller told a mass
+  meeting.
+      The decision followed yesterday's ruling by an Amsterdam
+  court preventing the sector's employers continuing with current
+  plans for 350 redundancies this year until the court sits again
+  on May 7, Rosenmuller told a meeting of the general cargo
+  sector's 4,000 workers today.
+      The court ruled the employers had made a mistake in the
+  complicated legal procedure for obtaining official permission
+  for the redundancies, and therefore could not proceed.
+      "There is no need to continue the strikes for the moment now
+  the immediate pressure of redundancies has been lifted,"
+  Rosenmuller said.
+      But he added that the strikes, which began on January 19 in
+  protest against plans for 800 redundancies by 1990, could
+  resume at any time before May 7 if the employers made any moves
+  to re-apply for permission for the redundancies.
+      SVZ labour relations manager Gerrard Zeebregts said they
+  would be meeting their lawyers today with a view to re-applying
+  for this permission next week in the hope of gaining approval
+  for the redundancies within a month.
+  
+
diff --git a/reuters/training/4782 b/reuters/training/4782
new file mode 100644
index 0000000000000000000000000000000000000000..d48cd1656e571349197555f843a61e9379e2e4e2
--- /dev/null
+++ b/reuters/training/4782
@@ -0,0 +1,5 @@
+NOVA AN ALBERTA CORP 4TH QTR SHR LOSS 15 CTS VS LOSS 1.09 DLRS
+
+  NOVA AN ALBERTA CORP 4TH QTR SHR LOSS 15 CTS VS LOSS 1.09 DLRS
+  
+
diff --git a/reuters/training/4783 b/reuters/training/4783
new file mode 100644
index 0000000000000000000000000000000000000000..6e65d68273bf6116a817cbfb4816ca1223b16ba4
--- /dev/null
+++ b/reuters/training/4783
@@ -0,0 +1,14 @@
+U.K. MONEY MARKET GIVEN FURTHER 195 MLN STG HELP
+  The Bank of England said it provided the
+  money market with a further 195 mln stg assistance during the
+  afternoon.
+      This brings total help today to 841 mln stg compared with a
+  liquidity shortage it has estimated at a revised one billion
+  stg.
+      The Bank bought 176 mln stg of band two bank bills outright
+  at 10-5/16 pct and 13 mln stg of band one bank bills at 10-3/8
+  pct. In addition, it bought four mln stg of bills for resale to
+  the market on March 30 and two mln stg for resale on April 8,
+  at a common interest rate of 10-7/16 pct.
+  
+
diff --git a/reuters/training/4785 b/reuters/training/4785
new file mode 100644
index 0000000000000000000000000000000000000000..3ac70460c99cbd6b70ac9a4e8dc9e64cd3529e4e
--- /dev/null
+++ b/reuters/training/4785
@@ -0,0 +1,24 @@
+UGANDA RE-ROUTES COFFEE EXPORTS THROUGH KISUMU
+  Long delays at the railway crossing on
+  the Kenyan border have led Uganda to re-route its coffee
+  exports through a ferry link with the Kenyan port of Kisumu
+  across Lake Victoria, Ugandan officials based in Kenya said.
+      Uganda has a direct rail link with the Kenyan port of
+  Mombasa through which it conducts 70 pct of its external trade
+  but there is a chronic shortage of railway wagons, they said.
+      Customs at Kisumu take less than a day compared with two to
+  three at the Malaba rail border crossing, a Ugandan Railways
+  official said. "Malaba is now handling only 10 pct of the trade
+  and all the coffee and oil goes through Kisumu," he said.
+      However, an accident recently damaged the wagon ferry which
+  plies between Kisumu and the Ugandan port of Jinja, causing
+  bottlenecks on the lake route too.
+      Sources at the Coffee Marketing Board in Kampala reported
+  delays in coffee export shipments last January due to
+  congestion on the lake ferries.
+      Coffee accounts for about 95 pct of Uganda's export
+  earnings and last November President Yoweri Museveni ordered
+  all coffee shipments to be carried by rail in order to avoid
+  the higher costs of road haulage.
+  
+
diff --git a/reuters/training/4787 b/reuters/training/4787
new file mode 100644
index 0000000000000000000000000000000000000000..cf9df030555ce4050baad2c843dce0cfe368f661
--- /dev/null
+++ b/reuters/training/4787
@@ -0,0 +1,8 @@
+NORWAY'S WHOLESALE PRICES RISE 0.5 PCT IN FEBRUARY
+  Norway's wholesale price index (base 1981)
+  rose 0.5 pct in February to 136.0 after a 1.7 pct rise in
+  January to 135.0, the Central Bureau of Statistics said.
+      The year on year increase for February was 7.9 pct compared
+  with 5.7 pct in January and 2.2 pct in February 1986, it added.
+  
+
diff --git a/reuters/training/4788 b/reuters/training/4788
new file mode 100644
index 0000000000000000000000000000000000000000..b553941e6bc0d49bc3d9d7b5a94d452226ccd10f
--- /dev/null
+++ b/reuters/training/4788
@@ -0,0 +1,22 @@
+HEALTHCO INTERNATIONAL INC <HLCO> 4TH QTR NET
+  Oper shr 51 cts vs 43 cts
+      Oper shr diluted 47 cts vs 43 cts
+      Oper net 3,182,000 vs 2,462,000
+      Revs 101.7 mln vs 87.0 mln
+      Avg shrs 6,246,664 vs 5,671,607
+      Avg shrs diluted 7,501,209 vs 5,671,607
+      Year
+      Oper shr 1.84 dlrs vs 1.48 dlrs
+      Oper shr diluted 1.76 dlrs vs 1.48 dlrs
+      Oper net 11.5 mln vs 8,312,000
+      Revs 349.2 mln vs 307.0 mln
+      Avg shrs 6,238,720 vs 5,616,019
+      Avg shrs diluted 6,969,389 vs 5,616,019
+      NOTE: 1986 net both periods excludes charge 1,205,000 dlrs
+  from distribution system restructuring costs.
+      1986 year net excludes 440,000 dlr debt retirement gain and
+  gain 12.8 mln dlrs from sale of HPSC Inc <HPSC> stock.
+      1986 net both periods includes charge 768,000 dlrs from
+  reversal of investment tax credits.
+  
+
diff --git a/reuters/training/4791 b/reuters/training/4791
new file mode 100644
index 0000000000000000000000000000000000000000..df37a7d6044549846fc1a50d6980b90efc0255e8
--- /dev/null
+++ b/reuters/training/4791
@@ -0,0 +1,14 @@
+WILFRED AMERICAN EDUCATIONAL CORP <WAE> 4TH QTR
+  Shr two cts vs 36 cts
+      Net 182,000 vs 3,433,000
+      Revs 20.1 mln vs 21.4 mln
+      Year
+      Shr 71 cts vs 98 cts
+      Net 6,706,000 vs 9,275,000
+      Revs 85.7 mln vs 75.4 mln
+      NOTE: 1985 net both periods includes gain 743,000 dlrs from
+  cancellation of debt.
+      1986 quarter net includes reversal of 216,000 dlrs in
+  investment tax credits.
+  
+
diff --git a/reuters/training/4792 b/reuters/training/4792
new file mode 100644
index 0000000000000000000000000000000000000000..ef67be2712d0bea79caa8012f9340f1ccfcb184d
--- /dev/null
+++ b/reuters/training/4792
@@ -0,0 +1,15 @@
+AL LABORATORIES INC <BMD> 4TH QTR NET
+  Shr 10 cts vs 14 cts
+      Net 913,000 vs 1,273,000
+      Revs 37.7 mln vs 24.7 mln
+      12 mths
+      Shr 61 cts vs 60 cts
+      Net 5,529,000 vs 5,448,000
+      Revs 123.6 mln vs 96.8 mln
+      NOTE: net for qtr and yr 1986 and 1985 adjusted to reflect
+  retroactive effect of three-for-two stock splits distributed to
+  shareholders in July 1986 and August 1985.
+      1986 net includes results of operations of Parmed
+  Pharmaceuticals Inc, acquired May 29, 1986.
+  
+
diff --git a/reuters/training/4794 b/reuters/training/4794
new file mode 100644
index 0000000000000000000000000000000000000000..b68f91fd3ee5812b13c92518bf9f41f0a1f4cb81
--- /dev/null
+++ b/reuters/training/4794
@@ -0,0 +1,15 @@
+NU-MED INC <NUMS> 3RD QTR JAN 31 NET
+  Shr 26 cts vs 10 cts
+      Net 2,867,000 vs 1,208,000
+      Revs 100.0 mln vs 85.0 mln
+      Avg shrs 10.4 mln vs 9,791,671
+      Nine mths
+      Shr 57 cts vs 34 cts
+      Net 6,327,000 vs 3,951,000
+      Revs 284.4 mln vs 225.4 mln
+      Avg shrs 10.1 mln vs 9,831,097
+      Current year net both periods includes gain 1,755,000 dlrs
+  from change inestimation of useful lives used in depreciation
+  of property and equipment.
+  
+
diff --git a/reuters/training/4795 b/reuters/training/4795
new file mode 100644
index 0000000000000000000000000000000000000000..6461d9358d21d7c7b5c43d73569347eda13d118c
--- /dev/null
+++ b/reuters/training/4795
@@ -0,0 +1,20 @@
+ALUSUISSE PLANS 50 PCT CAPITAL CUT
+  Schweizerische Aluminium AG, Alusuisse,
+  plans to reduce share and participation certificate capital by
+  50 pct to cover losses in 1986 and those carried forward from
+  the previous year, chief executive Hans Jucker said.
+      Jucker told a news conference that the greatest drain on
+  its financial resources had been stopped, but after
+  extraordinary charges the net loss of 688 mln francs in 1986
+  was only slightly under the 756 mln loss of the previous year.
+      The losses in 1986 and those carried over from 1985 made it
+  necessary to reduce capital by 50 pct, he said.
+      However, Jucker said the company improved liquidity through
+  a recovery in cash flow and conversion of 300 mln Swiss francs
+  of credit into a subordinated loan.
+      Trading in Alusuisse shares was suspended on the Zurich
+  stock exchange after today's announcement by the company that
+  it would cut its share capital by 50 pct, the bourse said.
+  Trading would resume again on Monday.
+  
+
diff --git a/reuters/training/4796 b/reuters/training/4796
new file mode 100644
index 0000000000000000000000000000000000000000..59670fe1d9fd43a9aa1f0e9801143ceaa5a879e8
--- /dev/null
+++ b/reuters/training/4796
@@ -0,0 +1,15 @@
+DAVIS WATER <DWWS> RELEASES PRE-SPLIT EARNINGS
+  Davis Water and Waste
+  Industries Inc said it has restated its earnings on a pre-
+  stock split basis for fiscal 1987's third quarter and nine
+  months ended January 31, which were reported March 10 on a post
+  four-for-three stock split basis.
+      The company said its earnings per share for the third
+  quarter on a pre-split basis, converts to 16 cts from 12 cts
+  post-split, versus three cts pre-split from two cts post-split
+  for fiscal 1986's third quarter.
+      For the nine months, Davis said, earnings per share would
+  convert to 77 cts and 44 cts for fiscal 1987 and 1986
+  respectively, from 58 cts and 33 cts, respectively.
+  
+
diff --git a/reuters/training/4797 b/reuters/training/4797
new file mode 100644
index 0000000000000000000000000000000000000000..036cb8c32544fb2370a949fd021d1d4fe4db6e18
--- /dev/null
+++ b/reuters/training/4797
@@ -0,0 +1,11 @@
+<NOVA AN ALBERTA CORP> 4TH QTR LOSS
+  Shr loss 15 cts vs loss 1.09 dlrs
+      Net loss 19.3 mln vs loss 139.6 mln
+      Revs 611.7 mln vs 868.6 mln
+      Year
+      Shr profit 12 cts vs loss 1.31 dlrs
+      Net profit 16.1 mln vs loss 167.9 mln
+      Revs 2.68 billion vs 3.35 billion
+      Avg shrs 134.7 mln vs 128.1 mln
+  
+
diff --git a/reuters/training/4798 b/reuters/training/4798
new file mode 100644
index 0000000000000000000000000000000000000000..0731d73b3125042cb2056614bf88b9d85bd2d5d4
--- /dev/null
+++ b/reuters/training/4798
@@ -0,0 +1,12 @@
+ELDER-BEERMAN <ELDR> GETS OFFER OF 30 DLRS/SHARE
+  Elder-Beerman Stores Corp said
+  owners of about 70 pct of its stock have offered to take the
+  company private by offerring 30 dlrs per share for the
+  remaining 30 pct of its stock.
+      The company said the proposal will be considered at a
+  regularly scheduled board meeting on March 17.
+      It said the offer was made by members of the Beerman family
+  holding about 70 pct of the company's stock, Chairman Max
+  Gutmann, and certain members of the board.
+  
+
diff --git a/reuters/training/48 b/reuters/training/48
new file mode 100644
index 0000000000000000000000000000000000000000..fc106470c1e8f06142146ace5835a8a77114f7e5
--- /dev/null
+++ b/reuters/training/48
@@ -0,0 +1,8 @@
+N.Z. OFFICIAL FOREIGN RESERVES FALL IN JANUARY
+  New Zealand's official foreign
+  reserves fell to 7.15 billion N.Z. Dlrs in January from 7.20
+  billion dlrs in December and compared with 3.03 billion a year
+  ago period, the Reserve Bank said in its weekly statistical
+  bulletin.
+  
+
diff --git a/reuters/training/480 b/reuters/training/480
new file mode 100644
index 0000000000000000000000000000000000000000..d1c77e3adf88e27eab98e2148ddbfd02d9ed1d90
--- /dev/null
+++ b/reuters/training/480
@@ -0,0 +1,11 @@
+STONE <STO> SPLITS STOCK, RAISES PAYOUT
+  Stone Container Corp said it is
+  splitting its common stock 2-for-1 and increasing its dividend
+  33-1/3 pct.
+      The dividend of 20 cts a share, an increase of five cts
+  over the prior 15 cts a share on pre-split shares, is payable
+  June 12 to holders of record May 22.
+      The stock split also is payable June 12 to holders of
+  record May 22.
+  
+
diff --git a/reuters/training/4801 b/reuters/training/4801
new file mode 100644
index 0000000000000000000000000000000000000000..24abaa69e5f7eeda000cf447c6270e7b0e75bf85
--- /dev/null
+++ b/reuters/training/4801
@@ -0,0 +1,6 @@
+ECHLIN INC <ECH> DIVIDEND INCREASED 12 PCT
+  Qtly div 14 cts vs 12.5 cts in prior qtr
+      Payable April 18
+      Record April two
+  
+
diff --git a/reuters/training/4803 b/reuters/training/4803
new file mode 100644
index 0000000000000000000000000000000000000000..132408ee0f64c92e8599ad45d525d9ed5480d87d
--- /dev/null
+++ b/reuters/training/4803
@@ -0,0 +1,13 @@
+NATIONAL ENTERTAINMENT CORP <NENT> 3RD QTR NET
+  Jan 31 end
+      Shr six cts vs eight cts
+      Net 177,000 vs 252,000
+      Revs 3,209,000 vs 1,070,000
+      Nine mths
+      Shr 12 cts vs eight cts
+      Net 365,000 vs 247,000
+      Revs 7,156,000 vs 2,960,000
+      NOTE: Prior year net both periods includes 91,000 dlr tax
+  credit.
+  
+
diff --git a/reuters/training/4804 b/reuters/training/4804
new file mode 100644
index 0000000000000000000000000000000000000000..27aa38bbc38dcb99a4e7cd024ead654758d081d1
--- /dev/null
+++ b/reuters/training/4804
@@ -0,0 +1,10 @@
+NATIONAL ENTERTAINMENT <NENT> REVERSE SPLIT SET
+  National Entertainment Corp
+  said shareholdersapproved a one-for-25 reverse stock split and
+  a name change to Major Video Corp, both effective March 16.
+      It said its new ticker symbol will be <MAJV>.
+      The company also said it expects to add nine company-owned
+  and franchised Major Video stores in the next 60 days.  It now
+  operates 64.
+  
+
diff --git a/reuters/training/4805 b/reuters/training/4805
new file mode 100644
index 0000000000000000000000000000000000000000..4841310520f0393fbbb18981162e84310670a644
--- /dev/null
+++ b/reuters/training/4805
@@ -0,0 +1,6 @@
+<PEMBINA RESOURCES LTD> YEAR NET
+  Shr 48 cts vs 81 cts
+      Net 3,986,000 vs 6,760,000
+      Revs 77.3 mln vs 40.5 mln
+  
+
diff --git a/reuters/training/4806 b/reuters/training/4806
new file mode 100644
index 0000000000000000000000000000000000000000..1a27748abd134dca4e1451d4b6893b5ace8aec58
--- /dev/null
+++ b/reuters/training/4806
@@ -0,0 +1,22 @@
+COMPUTER MEMORIES <CMIN> SETS FILM FIRM MERGER
+  Computer Memories Inc, which ended
+  its disk drive operations in June 1986, agreed to acquire
+  <Hemdale Film Corp> in a transaction which will give Hemdale's
+  owner control of the resulting company.
+      Computer Memories' principal asset is about 29.4 mln dlrs
+  in cash and cash equivalents. It has agreed to exchange newly
+  issued shares equaling 80 pct of the aggregate issued to
+  acquire Hemdale. That company's owner, John Daly, would then
+  become chief executive officer of the combined company which
+  would be renamed Hemdale Film Corp.
+      Computer Memories said the proposed transaction is subject
+  to the results of certain corporate reviews and approval of its
+  shareholders, who will hold a special meeting as soon as
+  practicable.
+      The company said it has 11,109,190 shares outstanding, of
+  which about 1,734,000 are held by Intel Corp <INTC>. It is
+  anticipated the FIntel shares will be purchased for 2.75 dlrs a
+  share in connection with the merger with Hemdale, Computer
+  Memories said.
+  
+
diff --git a/reuters/training/4807 b/reuters/training/4807
new file mode 100644
index 0000000000000000000000000000000000000000..169f92beb10033ab6f876949fadefac5bb61265e
--- /dev/null
+++ b/reuters/training/4807
@@ -0,0 +1,14 @@
+KLM SEEKS STAKE IN BRITISH COURIER SERVICE
+  KLM Royal Dutch Airlines <KLM.AS>
+  said it is negotiating for a minority stake in a British and
+  Commonwealth Shipping Plc <BCOM.L> courier service in a
+  transaction which might include a convertible loan issue.
+      KLM, already active in the fast growing door-to-door
+  delivery market through a 50-pct stake in a Dutch courier
+  service, is seeking to buy one-third of <IML Air Services Group
+  Ltd> from British and Commonwealth.
+      The two companies agreed earlier this month for KLM to take
+  a 15-pct stake in British and Commonwealth commuter airline Air
+  U.K. Ltd in a deal worth around two mln stg.
+  
+
diff --git a/reuters/training/4809 b/reuters/training/4809
new file mode 100644
index 0000000000000000000000000000000000000000..89ed55c9ee573098693523afed9b709e8c0b86a9
--- /dev/null
+++ b/reuters/training/4809
@@ -0,0 +1,67 @@
+ECONOMIC SPOTLIGHT - EMS MARKS EIGHTH BIRTHDAY
+  The European Monetary System marks its
+  eighth anniversary still vulnerable to turmoil in world money
+  markets despite creating an island of currency rate stability
+  in Europe, economists say. But many economists say the system,
+  which holds eight European Community currencies within narrow
+  fluctuation bands, remains in its infancy.
+      Its new currency, the European Currency Unit (Ecu), has
+  been a runaway success with investors and borrowers alike
+  seeking an alternative to the volatile dollar.
+      And on Wednesday, the long term vision of the Ecu as
+  Europe's common currency took a step nearer to becoming reality
+  when Belgium minted the world's first Ecu coin.
+      But economists say members such as West Germany have so far
+  blocked a second stage of development envisaged by the system's
+  founding fathers, ex-West German Chancellor Helmut Schmidt and
+  former French President Valery Giscard d'Estaing.
+      Under this phase, originally due to have started two years
+  after the EMS was set up, decision-making was to have been
+  transferred from national governments and central banks to an
+  autonomous European Monetary Fund.
+     But members have jealously guarded their sovereignty in
+  economic and monetary matters. "The basic problem of the EMS is
+  that governments are not prepared to make the quantum leap to a
+  situation where certain decisions are taken in common," said one
+  economist who has closely watched the system's development.
+      The result is that the EC is often divided over policy on
+  third currencies, accentuating what the economists say is the
+  system's greatest weakness, its vulnerability to a weak dollar.
+      Over the past 18 months, as the U.S. Dollar plunged and
+  investors moved into strong currencies, the resulting sharp
+  rise of the West German mark severely strained the system. MORE
+      As the mark soared against the dollar, it also rose against
+  EMS currencies less favoured by international investors. And as
+  West Germany last year refused to give in pressure from several
+  EC partners and the United States to cut interest rates to slow
+  the mark's rise, the EMS had to be realigned twice to ease
+  financial and trade strains within the community.
+      Two months ago the mark and the Dutch guilder were revalued
+  by three pct and the Belgian and Luxembourg francs by two pct
+  against other currencies in the system -- the French franc,
+  Italian lira, the Irish punt and Danish crown.
+     Another frustration has been Britain's failure to lend the
+  EMS political support by keeping the pound, still a major world
+  currency, outside the system.
+      No change in the British government's attitude is expected
+  before the country's next general elections, due by mid-1988.
+      Meanwhile, the system's last realignment, the 11th since it
+  was set up, prompted European finance ministers to ask the EC's
+  highly-secretive Monetary Committee and Committee of Central
+  Bank Governors to come up with suggestions for reinforcing it.
+      Their ideas are due to be unveiled when finance ministers
+  hold an informal meeting in Belgium early next month.
+      But economists said the proposals are unlikely to involve
+  more than tinkering with technical details. They are sceptical
+  about the chances for any fundamental change.
+      "Technical measures won't be enough to protect the EMS
+  against external factors such as dollar weakness. For that we
+  must take the step forward to the institutional level," said Leo
+  de Corel of Kredietbank's economic research department.
+      Economists say the system's fortunes now will depend
+  largely on the success of an agreement last month among major
+  industrial nations to stabilise exchange rates. If the dollar
+  resumes its slide the EMS could be in for more turbulence, they
+  predict.
+  
+
diff --git a/reuters/training/4810 b/reuters/training/4810
new file mode 100644
index 0000000000000000000000000000000000000000..c9a1ae33c80691f941c6669f1e11af25b8efebd4
--- /dev/null
+++ b/reuters/training/4810
@@ -0,0 +1,23 @@
+GENERAL MILLS<GIS> SEES STRONG 4TH QTR RESULTS
+  General Mills Inc, reporting
+  stronger results for the third quarter ended February 22, said
+  it expects the momentum to continue in the fourth quarter.
+      The company said it expects to report "strong earnings per
+  share growth and a record return on equity in fiscal 1987." It
+  said this should be achieved despite expected non-operating
+  charges in the final quarter.
+      General Mills said these charges will likely offset
+  non-operating gains, which included six cts a share in the
+  first half.
+      General Mills said at the end of the third quarter, its
+  return on average equity was 31.6 pct.
+      It said major factors contributing to the third quarter
+  improvement were an 11 pct gain in unit volume by Consumer
+  Foods, continuing good profit growth at Red Lobster USA and
+  strong performance in Specialty Retailing.
+      The company reported quarterly earnings of 56.9 mln dlrs,
+  or 64 cts a share, up from 46.4 mln dlrs, or 52 cts a share a
+  year ago. Sales rose to 1.31 billion dlrs from 1.13 billion
+  dlrs. Year-ago data reflect a two-for-one common stock split.
+  
+
diff --git a/reuters/training/4812 b/reuters/training/4812
new file mode 100644
index 0000000000000000000000000000000000000000..f3e9445d7358ee8f86adde0edb70bf6e169b8d49
--- /dev/null
+++ b/reuters/training/4812
@@ -0,0 +1,8 @@
+PACKAGING SYSTEMS <PAKS> TO BUY LABEL FIRM
+  Packaging Systems Corp said
+  it agreed to acquire <Walter-Richter Labels Inc>, a privately
+  held maker of woven labels based in Paterson, N.J.
+      Terms of the acquisition, which is expected to be completed
+  within 60 days, were not disclosed.
+  
+
diff --git a/reuters/training/4814 b/reuters/training/4814
new file mode 100644
index 0000000000000000000000000000000000000000..6284e8ecc9b0f93f2e0a15f7a08a2071bb22af47
--- /dev/null
+++ b/reuters/training/4814
@@ -0,0 +1,10 @@
+MANUFACTURED HOMES INC <MNH> YEAR NET
+  Shr 53 cts vs 85 cts
+      Net 2,033,425 vs 3,718,325
+      Revs 120.6 mln vs 79.5 mln
+      NOTE: 1986 net includes 3,300,000 dlr provision for credit
+  loss.
+      1985 net includes charge 504,571 dlrs from cumulative
+  effect of accounting change.
+  
+
diff --git a/reuters/training/4816 b/reuters/training/4816
new file mode 100644
index 0000000000000000000000000000000000000000..b7857eadc0465b2f484fad4ec626ff5ef0fec8cf
--- /dev/null
+++ b/reuters/training/4816
@@ -0,0 +1,27 @@
+HAITI ANNOUNCES FIND OF ORE-RICH GOLD FIELD
+  The  Ministry of Mines
+  has announced the discovery of a major gold field in Grand Bois
+  in Haiti's mineral-rich North.
+      At a press conference yesterday, a Ministry spokesman
+  reported the deposit contained an estimated 44 mln tons of ore,
+  with each ton capable of containing 7,666 grams of gold. The
+  spokesman gave no estimate of what he thought the find,
+  discovered on Wednesday, was worth.
+      However, mining could only begin after foreign partners
+  invest eight mln dlrs needed for technical equipment, the
+  spokesman said.
+      The Haitian government has never before operated a gold
+  mine, but the United Nations has recently completed a three
+  year feasibility study which lists Grand Bois and Morne Bossa
+  as sites of important gold deposits.
+      In 1971, the Sedren copper mine in Gonaives, operated by a
+  Canadian firm, closed down after years of mining a concentrate
+  containing gold as well as copper.
+      "The new Grand Bois mine represents large amounts of money,"
+  said a former official of Sedren Mine.
+      "But like everything else there's a catch. The gold has to
+  be extracted, and first someone has to come up with the money
+  to finance the operation," the official, who asked not to be
+  named, told Reuters.
+  
+
diff --git a/reuters/training/4818 b/reuters/training/4818
new file mode 100644
index 0000000000000000000000000000000000000000..c96747e668997eaa10fbda9c0dace8ce12a96b4f
--- /dev/null
+++ b/reuters/training/4818
@@ -0,0 +1,13 @@
+HOLIDAY CORP <HIA>, COMSAT <CQ> CLOSE SALE
+  Holiday Corp and Communications
+  Satellite Corp said they closed the previously announced sale
+  to Comsat of Holiday's 50 pct interest in Hi-Net
+  Communications, their joint venture that provides in-room video
+  entertainment to hotels by satellite.
+      Under terms of the deal, Comsat paid Holiday 25 mln dlrs in
+  cash and assumed half of the venture's 50 mln dlrs of
+  outstanding debt, the company's said.
+      Hi-Net, they added, will continue to provide programming to
+  Holiday's hotels.
+  
+
diff --git a/reuters/training/4819 b/reuters/training/4819
new file mode 100644
index 0000000000000000000000000000000000000000..36e99f6daa9f1f6336be0262b388695d8abca5fe
--- /dev/null
+++ b/reuters/training/4819
@@ -0,0 +1,9 @@
+CONSUMERS FINANCIAL CORP <CFIN> 1986 NET
+  Shr 61 cts vs 42 cts
+      Net 6,247,000 vs 5,587,000
+      Rev 65.4 mln vs 53.6 mln
+      NOTE: 1986 net includes investment gains of 25 cts a share,
+  versus six cts a share for 1985, and extraordinary gain of
+  seven cts a share.
+  
+
diff --git a/reuters/training/4820 b/reuters/training/4820
new file mode 100644
index 0000000000000000000000000000000000000000..77354b2ee3a43bdc315c3e51d0386f6e1452dff8
--- /dev/null
+++ b/reuters/training/4820
@@ -0,0 +1,10 @@
+CHICAGO RIVET AND MACHINE CO <CVR> 4TH QTR NET
+  Shr 21 cts vs 60 cts
+      Net 156,576 vs 443,404
+      Sales 5,309,519 vs 5,381,264
+      Year
+      Shr 1.06 dlrs vs 1.55 dlrs
+      Net 788,220 vs 1,151,330
+      Sales 22.3 mln vs 23.6 mln
+  
+
diff --git a/reuters/training/4821 b/reuters/training/4821
new file mode 100644
index 0000000000000000000000000000000000000000..b14954d97a552b87f277be3151b90e51c1bd8e63
--- /dev/null
+++ b/reuters/training/4821
@@ -0,0 +1,6 @@
+FILTERTEK INC <FTK> SETS QUARTERLY
+  Qtly div 11 cts vs 11 cts prior
+      Pay May 15
+      Record May One
+  
+
diff --git a/reuters/training/4822 b/reuters/training/4822
new file mode 100644
index 0000000000000000000000000000000000000000..b128601006d210c25ca1b924813e213797788766
--- /dev/null
+++ b/reuters/training/4822
@@ -0,0 +1,12 @@
+UK MONEY MARKET GIVEN LATE HELP OF 185 MLN STG
+  The Bank of England said it gave the
+  money market late, unspecified assistance of around 185 mln
+  stg.
+      This takes the total liquidity injected into the system by
+  the bank today to 1.026 billion stg compared with a shortage it
+  estimated at around one billion stg.
+      Overnight interbank sterling dipped to 10 nine pct after
+  the bank's announcement compared with levels around 10-1/2 pct
+  shortly before and 11-1/4 11 pct initially today, dealers said.
+  
+
diff --git a/reuters/training/4824 b/reuters/training/4824
new file mode 100644
index 0000000000000000000000000000000000000000..68a3c9dc90ba05bf680fcdbd470d7bbee2312562
--- /dev/null
+++ b/reuters/training/4824
@@ -0,0 +1,43 @@
+NEW RUBBER PACT APPEARS IN THE BALANCE
+  Negotiations on a new International
+  Natural Rubber Agreement, INRA, are approaching the
+  make-or-break point and prospects for a future pact appear to
+  be in the balance, delegates said.
+      Manaspas Xuto of Thailand, chairman of the INRA
+  renegotiation conference, is holding consultations with a small
+  group of producers and consumers to try to resolve major
+  outstanding issues. When the talks began on Monday Xuto said
+  those issues should be settled by the end of the first week to
+  allow time to draft an agreement during the second week.
+      The talks are due to last until March 20.
+      Xuto said, "There is nothing concrete yet, but the
+  atmosphere is good." The discussions are expected to continue
+  late into the night, and Xuto said he may hold weekend
+  meetings.
+      Delegates said negotiations now focus on the degree to
+  which price adjustments should be automatic.
+      At present, if the market price has been above or below the
+  reference price (set at 201.66 Malaysian/Singapore cents a kilo
+  in the current agreement) for six months, the reference price
+  is revised by five pct or by an amount decided by the
+  International Natural Rubber Organisation council.
+      Consumers are asking that, in these circumstances, the
+  adjustment be automatic at five pct or more.
+      Producers want the council to have the last word and have
+  resisted reducing its role in the price adjustment procedure.
+      Delegates said there seems to be optimism about settling
+  another issue -- that of the floor price.
+      It now appears that consumers may consider dropping their
+  insistence of a downward adjustment of the floor price, called
+  the "lower indicative price," under certain circumstances.
+      This means that any possible compromise would centre on the
+  reference price, and the "may buy" (or "may sell") and "must buy" or
+  "must sell" levels, without changing the "lower indicative price"
+  -- which is set at 150 Malaysian/Singapore cents in the current
+  pact.
+      Delegates said that in exchange for consumer flexibility on
+  the floor price question, producers may consider agreeing to
+  another consumer proposal for more frequent price reviews -- at
+  12 month intervals instead of 18 at present.
+  
+
diff --git a/reuters/training/4825 b/reuters/training/4825
new file mode 100644
index 0000000000000000000000000000000000000000..34b7b0165065de62f4258119c03909684f8c47e9
--- /dev/null
+++ b/reuters/training/4825
@@ -0,0 +1,16 @@
+SOVIETS RUMORED TO HAVE BOUGHT MORE U.S. CORN
+  The Soviet Union is rumored
+  this morning to have bought up to 1.5 mln tonnes of U.S. corn,
+  export trade sources said.
+      The amount was not confirmed, but the talk was widespread
+  through the trade. Gulf cash barge basis levels jumped two to
+  three cents this morning on the rumors, which were expected to
+  boost futures prices on today's open.
+      The Soviet Union recently bought over 1.0 mln tonnes of
+  U.S. corn, ostensibly as a conciliatory gesture ahead of trade
+  talks with U.S. agriculture officials.
+      Purchases rumored today were seen as a positive factor in
+  light of a Soviet trade official's statement that the previous
+  purchase had satisfied near-term needs.
+  
+
diff --git a/reuters/training/4827 b/reuters/training/4827
new file mode 100644
index 0000000000000000000000000000000000000000..4d5581d1e70cf92a348b7f2c732677b1e9fd1811
--- /dev/null
+++ b/reuters/training/4827
@@ -0,0 +1,15 @@
+TRANSACT INT'L INC <TACT> 3RD QTR JAN 31 NET
+  Shr one ct vs three cts
+      Net 66,922 vs 194,531
+      Rev 4.2 mln vs 5.7 mln
+      Nine months
+      Shr two cts vs four cts
+      Net 93,802 vs 260,702
+      Rev 10.1 mln vs 13.2 mln
+      NOTE: Nine months 1987 period includes gain of 196,043 dlrs
+  from sale of Meston Lake Resources shares and a credit of
+  127,000 dlrs from a favroable settlement of s state income tax
+  assessment. 1986 nine months period includes gain of 160,431
+  dlrs, or two cts a share, from sale of Ferrotherm Co.
+  
+
diff --git a/reuters/training/4829 b/reuters/training/4829
new file mode 100644
index 0000000000000000000000000000000000000000..aa6ad5514565791259916f74a56b52de19a8ef1e
--- /dev/null
+++ b/reuters/training/4829
@@ -0,0 +1,14 @@
+FRANCE REPAYS SOME OF CURRENCY INTERVENTION DEBT
+  France today repaid 21.95 billion francs
+  of short-term currency intervention debt to the European
+  Monetary Cooperation Fund, EMCF, the Finance Ministry said.
+      It said the debt was part of a 33.90 billion franc
+  liability incurred through the activation of EMCF swap
+  facilities to defend the franc before the January 11 European
+  Monetary System realignment.
+      The realignment, following several weeks of speculative
+  pressure, produced a three pct revaluation of the West German
+  mark and the Dutch guilder against the French franc and a two
+  pct revaluation of the Belgian franc.
+  
+
diff --git a/reuters/training/483 b/reuters/training/483
new file mode 100644
index 0000000000000000000000000000000000000000..c7c6ef91289a773d09d427264595a6c18eab237a
--- /dev/null
+++ b/reuters/training/483
@@ -0,0 +1,10 @@
+S-K-I LTD <SKII> 2ND QTR JAN 25 NET
+  Shr 81 cts vs 57 cts
+      Net 3,660,273 vs 2,437,914
+      Rev 28.5 mln vs 23.1 mln
+      Six months
+      Shr 29 cts vs 12 cts
+      Net 1,325,755 vs 483,559
+      Rev 31.7 mln vs 26.4 mln
+  
+
diff --git a/reuters/training/4831 b/reuters/training/4831
new file mode 100644
index 0000000000000000000000000000000000000000..6fefa565dfb50b2f38af1a9945da6260c2f572a5
--- /dev/null
+++ b/reuters/training/4831
@@ -0,0 +1,5 @@
+SHELL CANADA RAISES CRUDE PRICES BY 64 CANADIAN CTS/BBL TODAY AT EDMONTON
+
+  SHELL CANADA RAISES CRUDE PRICES BY 64 CANADIAN CTS/BBL TODAY AT EDMONTON
+  
+
diff --git a/reuters/training/4832 b/reuters/training/4832
new file mode 100644
index 0000000000000000000000000000000000000000..fd0166bd11526500edde0413719aca8cb7cde395
--- /dev/null
+++ b/reuters/training/4832
@@ -0,0 +1,3 @@
+13-MAR-1987
+  13-MAR-1987
+
diff --git a/reuters/training/4833 b/reuters/training/4833
new file mode 100644
index 0000000000000000000000000000000000000000..6e60729629b9e1edd91ed69ff31f2730ca608fe0
--- /dev/null
+++ b/reuters/training/4833
@@ -0,0 +1,15 @@
+HAITI ALLOWS IMPORTATION OF BANNED BLACK PIGS
+  Haiti's agriculture minister
+  yesterday announced his department will permit the importation
+  of 730 black Creole pigs, which had been banned from the island
+  nation since 1983.
+      Between 1981 and 1983, a team of Canadian veterinarians
+  funded by the United States, Canada, Mexico and Costa Rica
+  supervised the slaughter of all Haiti's 1,200,000 pigs under a
+  program to eradicate African swine flu.
+      Today's announcement that Catholic Relief Services
+  (CARITAS) can import 730 Jamaican pigs comes after months of
+  protests by farmers who had owned 90 pct of the slaughtered
+  pigs.
+  
+
diff --git a/reuters/training/4835 b/reuters/training/4835
new file mode 100644
index 0000000000000000000000000000000000000000..14103b1e95a67de57ddff098a4d9b9c88ba8c790
--- /dev/null
+++ b/reuters/training/4835
@@ -0,0 +1,14 @@
+GERMAN BANK SEES GOOD SOVIET TRADE PROSPECTS
+  Soviet-West German trade is expected
+  to develop favourably due to Moscow's increasing openness to
+  East-West economic relations, Dresdner Bank AG's Moscow
+  representative Michael Stein said.
+      He told a bank presentation the Soviet Union was last year
+  hit by the fall in world oil prices, which cut export revenue
+  from oil-related products and natural gas, and its overseas
+  buying power was also adversely affected by the lower dollar.
+     Dresdner Bank economist Alfred Apholte said the Soviet
+  Union's large currency and gold reserves had softened the
+  impact of the dollar weakening and oil price drop.
+  
+
diff --git a/reuters/training/484 b/reuters/training/484
new file mode 100644
index 0000000000000000000000000000000000000000..01d053139a6965ab9f9b520cdcea983c1bd52211
--- /dev/null
+++ b/reuters/training/484
@@ -0,0 +1,8 @@
+KAPOK CORP <KPK> YEAR SEPT 30 LOSS
+  Shr loss 20 cts vs profit 96 cts
+      Net loss 499,000 vs profit 2,369,000
+      Revs 11.5 mln vs 10.3 mln
+      NOTE: Prior year net includes gain on sale of property of
+  4,557,000 dlrs.
+  
+
diff --git a/reuters/training/4841 b/reuters/training/4841
new file mode 100644
index 0000000000000000000000000000000000000000..a6c717de8a8f9441fa22d448a6fddd904dcd19e0
--- /dev/null
+++ b/reuters/training/4841
@@ -0,0 +1,12 @@
+NATIONAL PIZZA CO <PIZA> TO ACQUIRE RESTAURANTS
+  National Pizza Co said it reached an
+  agreement in principle to buy seven Straw Hat pizza restaurants
+  and certain related real estate for approximately three mln
+  dlrs in cash.
+      The acquisitions will be converted to Pizza Hut
+  restaurants, said National Pizza, and are expected to generate
+  annual sales of approximately eight mln dlrs.
+      When the sale is complete, it will bring to 24 the number
+  of restaurants operated by National Pizza, the company said.
+  
+
diff --git a/reuters/training/4843 b/reuters/training/4843
new file mode 100644
index 0000000000000000000000000000000000000000..03de85679d1ac1cd3b1312ae75c6f0fa3843da77
--- /dev/null
+++ b/reuters/training/4843
@@ -0,0 +1,5 @@
+CITICORP SAYS PLACING BRAZIL LOANS ON CASH BASIS COULD CUT 1ST QTR NET BY 50 MLN DLRS
+
+  CITICORP SAYS PLACING BRAZIL LOANS ON CASH BASIS COULD CUT 1ST QTR NET BY 50 MLN DLRS
+  
+
diff --git a/reuters/training/4845 b/reuters/training/4845
new file mode 100644
index 0000000000000000000000000000000000000000..a982341505e93268bbda38245eee049d05b584d6
--- /dev/null
+++ b/reuters/training/4845
@@ -0,0 +1,13 @@
+SINGAPORE TO SPEND 1.2 BILLION DLRS ON PORTS
+  The Port of Singapore Authority (PSA)
+  will spend 1.2 billion dlrs to develop port facilities and
+  cargo-handling equipment over the next five years,
+  Communications Minister Yeo Ning Hong told parliament.
+      Yeo said the improvements were needed to cope with an
+  expected growth of ship tonnage and cargo handled by the port,
+  but gave no further details.
+      The PSA handled 529 mln gross-registered tonnes of cargo in
+  1985, according to the latest available statistics from the
+  port authority.
+  
+
diff --git a/reuters/training/4848 b/reuters/training/4848
new file mode 100644
index 0000000000000000000000000000000000000000..3486302ea8b45c0b17b859de6c113dff4fbc3c73
--- /dev/null
+++ b/reuters/training/4848
@@ -0,0 +1,13 @@
+ORS SEEKS CANADIAN FUNDS FOR HEAVY OIL TEST
+  <ORS Corp> said <Dominion
+  Securities (Alberta) Inc> has been appointed to offer common
+  shares in a new Canadaina company being organized to exploit
+  heavy oil production opportunities in Canada and Western
+  Europe.
+      ORS said the offer for private sale of the stock being made
+  on a best efforts basis is designed to raise five mln Canadian
+  dlrs which the new company will invest in properties and
+  projects using the Electromagnetic Well Stimulation Process
+  developed by IIT Research Institute under sponsorship of ORS.
+  
+
diff --git a/reuters/training/4850 b/reuters/training/4850
new file mode 100644
index 0000000000000000000000000000000000000000..2c09d31f49ffec9a8477704b7e53a285fbb00a6b
--- /dev/null
+++ b/reuters/training/4850
@@ -0,0 +1,11 @@
+CHRYSLER <C> UNIT BUYS BENEFICIAL <BNL> UNIT
+  Chrysler Corp said its Chrysler
+  First Inc acquired a major portion of the commercial lending
+  portfolio of Beneficial Business Credit Corp, a subsidiary of
+  Beneficial Corp.
+      It said the acquisition involves about 84 mln dlrs of net
+  receivables.
+      Chrysler First, a subsidiary of Chrysler Financial Corp,
+  had receivables of 4.3 billion dlrs at the end of 1986.
+  
+
diff --git a/reuters/training/486 b/reuters/training/486
new file mode 100644
index 0000000000000000000000000000000000000000..c34df67e3ef05381f34f60613154efa98ad593cb
--- /dev/null
+++ b/reuters/training/486
@@ -0,0 +1,10 @@
+CARGILL U.K. STRIKE TALKS POSTPONED
+  Talks due today between management and
+  unions to try to end the strike at Cargill U.K. Ltd's Seaforth
+  oilseed crushing plant have been rescheduled for Thursday, a
+  company spokesman said.
+      Oilseed processing at the plant has been halted since
+  December 19 when mill workers walked out in protest at new
+  contract manning levels.
+  
+
diff --git a/reuters/training/4867 b/reuters/training/4867
new file mode 100644
index 0000000000000000000000000000000000000000..9a995954aa36e1b4d156065acc77f44aa419d826
--- /dev/null
+++ b/reuters/training/4867
@@ -0,0 +1,24 @@
+PETROBRAS ASKS ARMY TO WITHDRAW TROOPS
+  Brazil's state-oil company
+  Petrobras has asked the Army to withdraw the troops which were
+  occupying its oil installations since Tuesday, Petrobras said
+  in a statement.
+      The statement said the request for the withdrawal of the
+  troops was made because of the calmness reigning in all of its
+  refineries.
+      "The request was also due to the end of the seamen's strike
+  and the willingness of the oil industry workers to sit again by
+  the negotiating table," the statement said.
+      Even though the Petrobras statement said the seamen's
+  strike was over, a union spokesman said only two small shipping
+  companies had reached a pay agreement. The overwhelming
+  majority of Brazil's seamen remained on strike.
+      The statement said a meeting between Petrobras and oil
+  industry leaders was set for next Wednesday in Rio, with the
+  presence of Labour Minister Almir Pazzionotto as a mediator.
+      Petrobras said the request for the withdrawal of the troops
+  was made at 1100 local hours (1400 GMT), but a company
+  spokesman said he did not know if the troops had already been
+  removed.
+  
+
diff --git a/reuters/training/488 b/reuters/training/488
new file mode 100644
index 0000000000000000000000000000000000000000..be2e9970364f1d4f9ac6073ca30313719e61f94d
--- /dev/null
+++ b/reuters/training/488
@@ -0,0 +1,14 @@
+AMAX <AMX> IN GOLD, SILVER FIND
+  AMAX Incx said it has identified
+  additional gold and silver ore reserves at its AMAX Sleeper
+  Mine near Winnemucca, Nev..
+      It said as a result of recent drilling, reserves at thhe
+  mine are now estimated at 2,470,000 short tons of ore grading
+  0.24 ounce of gold and 0.50 ounce of silver per ton that is
+  treatable by conventional milling techniques.
+      AMAX said additional reserves amenable to heap leaching are
+  estimated at 38.3 mln tons averaging 0.025 ounce gold and 0.24
+  ounce silver per ton.  Further drilling is being conducted, it
+  said.
+  
+
diff --git a/reuters/training/4881 b/reuters/training/4881
new file mode 100644
index 0000000000000000000000000000000000000000..fcce33dad4160c31307c46e4b3358b4cda0636fd
--- /dev/null
+++ b/reuters/training/4881
@@ -0,0 +1,12 @@
+ITALIAN INTERBANK RATE RISES IN FEBRUARY
+  Italy's average interbank rate
+  rose to a provisional 12.18 pct in February from 12.05 pct in
+  January, figures from the Bank of Italy show.
+      Weighted average rate on bank lending was a provisional
+  13.78 pct in February compared with 13.83 in January, while
+  average weighted rate paid on deposits eased a provisional 7.49
+  pct from 7.66 pct.
+      Italy today announced that its official discount rate would
+  be cut to 11.5 pct from 12 pct effective tomorrow.
+  
+
diff --git a/reuters/training/4882 b/reuters/training/4882
new file mode 100644
index 0000000000000000000000000000000000000000..6baca5bf4d2d4487ee4c3cb4d4329977fbe14d28
--- /dev/null
+++ b/reuters/training/4882
@@ -0,0 +1,23 @@
+YEUTTER SAYS DLR LEVEL BASED ON ECONOMIC POLICY
+  U.S. Trade Representative Clayton
+  Yeutter said that whether the exchange rate of the dollar would
+  fall or rise in the coming decade would depend on nations'
+  financial, monetary and tax policies.
+      But, he said, in a speech and remarks to the Heritage
+  Foundation, that in the end "the marketplace will ultimately
+  rule the day."
+      Asked about the future of the dollar, he said that whether
+  or not it would rise or fall depended on economic policies and
+  coooperation among trading nations.
+      Yeutter said "if nations do the right kinds of things in
+  financial, monetary and tax policies, then a lesser burden of
+  adjustment is placed on exchange rates, and one could envision
+  a situation of the major trading nations moving back far closer
+  to what most of us would consider equilibrium and exchange
+  rates becoming relatively stable."
+      But he said, on the other hand, that if nations did not
+  exhibit greater self discipline and international cooperation,
+  "It is simply inevitable that the exchange rates will make that
+  adjustment."
+  
+
diff --git a/reuters/training/4884 b/reuters/training/4884
new file mode 100644
index 0000000000000000000000000000000000000000..75f13250813f896ddbb454506200f4d9f9db73c4
--- /dev/null
+++ b/reuters/training/4884
@@ -0,0 +1,28 @@
+PAINT COMPANY HAS METEX<MTX> STAKE, MAY BUY MORE
+  Metropolitan Consolidated Industries
+  Inc, a New York paint company, said it has acquired 278,709
+  shares of Metex Corp, or 21.2 pct of the total, and left open
+  the possibility that it might acquire more through a merger.
+      In a filing with the Securities and Exchange Commission,
+  Metropolitan said it bought the Metex stock as an investment.
+      It also said it may buy additional shares, or sell some or
+  all of its current stake. If it buys more shares, Metropolitan
+  said it would consider doing so in the open market, in private
+  deals, or through an exchange offer, tender offer or merger.
+      Metropolitan said it may acquire an option on or may buy
+  some or all of the Metex shares owned by William Hack, a Metex
+  director, who, together with this wife, holds 149,750 of the
+  company's common shares, or 11.4 pct of the total.
+      Metropolitan said it already has an option to buy another
+  42,750 Metex common shares at 11.25 dlrs each. The option is
+  not exercisable until April 12, 1988, it said.
+      If Metropolitan were to exercise the option and acquire all
+  of Hack's stake, it would have 471,208 Metex common shares, or
+  35.9 pct of the total. Metropolitan's SEC filing was
+  made as a shareholder group with Hack.
+      Metropolitan, which said it spent 3.1 mln dlrs to acquire
+  its Metex stake, listed its recent stock purchases as 54,993
+  common shares on March 67 at 10 dlrs each and 83,916 shares on
+  March 11 at 11.25 dlrs.
+  
+
diff --git a/reuters/training/4887 b/reuters/training/4887
new file mode 100644
index 0000000000000000000000000000000000000000..a823ff66e38ca47fb5ee7d39a25feb2c397351d4
--- /dev/null
+++ b/reuters/training/4887
@@ -0,0 +1,10 @@
+BPI SYSTEMS <BPII> IN TALKS TO SELL COMPANY
+  BPI Systems Inc said it is
+  holding discussions that could lead to the sale of all its
+  outstanding shares for about 12 mln dlrs.
+      BPI president and chief executive officer David R. Fernald
+  declined to identify the other party involved in the talks.
+      For the nine months ended December 31, BPI lost 1,286,000
+  dlrs on sales of 6,452,000 dlrs.
+  
+
diff --git a/reuters/training/4889 b/reuters/training/4889
new file mode 100644
index 0000000000000000000000000000000000000000..aa80c13af51e0d53218ed2744fb3528325ccf1d4
--- /dev/null
+++ b/reuters/training/4889
@@ -0,0 +1,5 @@
+BALLY MANUFACTURING SAID IT IS CONSIDERING SALE OF SIX FLAGS THEME PARKS
+
+  BALLY MANUFACTURING SAID IT IS CONSIDERING SALE OF SIX FLAGS THEME PARKS
+  
+
diff --git a/reuters/training/489 b/reuters/training/489
new file mode 100644
index 0000000000000000000000000000000000000000..ed301cb0b279471778ab436d071b631d471110ee
--- /dev/null
+++ b/reuters/training/489
@@ -0,0 +1,19 @@
+STUDY GROUP URGES INCREASED U.S. OIL RESERVES
+  A study group said the United States
+  should increase its strategic petroleum reserve to one mln
+  barrels as one way to deal with the present and future impact
+  of low oil prices on the domestic oil industry.
+      U.S. policy now is to raise the strategic reserve to 750
+  mln barrels, from its present 500 mln, to help protect the
+  economy from an overseas embargo or a sharp price rise.
+      The Aspen Institute for Humanistic Studies, a private
+  group, also called for new research for oil exploration and
+  development techniques.
+      It predicted prices would remain at about 15-18 dlrs a
+  barrel for several years and then rise to the mid 20s, with
+  imports at about 30 pct of U.S. consumption.
+      It said instead that such moves as increasing oil reserves
+  and more exploration and development research would help to
+  guard against or mitigate the risks of increased imports.
+  
+
diff --git a/reuters/training/4890 b/reuters/training/4890
new file mode 100644
index 0000000000000000000000000000000000000000..05d6453cdafe5b18179357e9d0066eed783ad8ab
--- /dev/null
+++ b/reuters/training/4890
@@ -0,0 +1,24 @@
+TELEMEDIA TO BUY HARROWSMITH, EQUINOX MAGAZINES
+  (Telemedia Inc) said its (Telemedia
+  Publishing Inc) subsidiary agreed to buy privately-owned
+  Harrowsmith and Equinox magazines for an undisclosed amount of
+  cash.
+      Telemedia said the acquisition is expected to have a small
+  positive impact on short-term earnings.
+      Harrowsmith, an alternative life-style magazine, is
+  Canada's seventh-largest paid circulation English-language
+  magazine while Equinox is the country's eighth largest. Each
+  has a circulation of about 160,000 copies.
+       The magazine group had revenues of eight mln dlrs last
+  year and employs 50 people, Telemedia said.             
+      Telemedia said it will also acquire a 10 pct interest in
+  the company which recently launched the U.S. edition of
+  Harrowsmith.
+      The magazine's U.S. editiion, begun last year, now has a
+  paid circulation of 180,000, the company said.
+      It said a final deal is expected in mid-April.
+      Telemedia said the magazines' founder has agreed to
+  continue to provide editorial and publishing direction for the
+  magazines.
+  
+
diff --git a/reuters/training/4892 b/reuters/training/4892
new file mode 100644
index 0000000000000000000000000000000000000000..ea5e5c2d4ab15709d6b530991efffddd711a6637
--- /dev/null
+++ b/reuters/training/4892
@@ -0,0 +1,12 @@
+DIVI HOTELS NV <DVH> 3RD QTR NET
+  Shr profit 36 cts vs profit 14 cts
+      Net profit 1,162,000 vs profit 464,000
+      Revs 16.6 mln vs 11.3 mln
+      Nine mths
+      Shr loss 89 cts vs loss 79 cts
+      Net loss 2,988,000 vs loss 2,673,000
+      Revs 35.1 mln vs 25.1 mln
+      NOTE: Nine months fiscal 1987 includes extraordinary gain
+  of 16 cts per share.
+  
+
diff --git a/reuters/training/4893 b/reuters/training/4893
new file mode 100644
index 0000000000000000000000000000000000000000..df5b911024b3bee0b2a53dd467acaaaf70743c88
--- /dev/null
+++ b/reuters/training/4893
@@ -0,0 +1,50 @@
+BALLY <BLY> CONSIDERING SALE OF SIX FLAGS
+  Bally Manufacturing Corp said it is
+  considering the sale of its Six Flag theme amusement park unit
+  and would use the proceeds to pay off debt.
+      In addition to the possible sale of the amusement parks,
+  Bally plans to sell a minority stake in its health club chain
+  to the public. The company will register a proposed offering
+  with the Securities and Exchange Commission for 20 to 30 pct of
+  the health clubs soon, spokesman William Peltier told Reuters.
+      "Selling Six Flags is definitely under consideration,"
+  Peltier said in response to an inquiry. He said the company
+  would use much of the income from the amusement park chain,
+  were it to be sold, to repay debt.
+      Six Flags might sell for as much as 300 mln dlrs, analysts
+  said. The health club chain, the nation's largest, is valued at
+  350 to 375 mln dlrs, they said.
+      Bally reportedly already has been approached about Six
+  Flags by several prospective buyers.
+      The company needs the cash to begin paying back a 1.6 mln
+  dlrs mountain of debt.
+      Bally recently completed a 439 mln dlrs acquisition of the
+  Golden Nugget casino hotel in Atlantic City from Golden Nugget
+  Inc <GNG.N>.
+      The purchase pushed its long-term debt to 1.6 billion dlrs,
+  or almost 2.7 times its equity of 600 mln dlrs.
+      Bally's 325-unit health and tennis clubs had revenues in
+  1986 of more than 450 mln dlrs, or about 28 pct of Bally's
+  total revenues of 1.64 billion dlrs.
+      Bally acquired Six Flags for 147.4 mln dlrs in January 1982
+  from Penn Central Corp. Bally bought the Great America theme
+  park in Gurnee, Ill., in May 1984 for 113.2 mln dlrs from
+  Marriott Corp <mhs>.
+      In 1986 the parks had pretax operating profit of 48.6 mln
+  dlrs on revenues of 369.4 mln dlrs.
+      The clubs and equipment unit combined to post operating
+  profit of 60.4 mln dlrs on revenues of 475.6 mln dlrs in 1986,
+  of which 456.2 mln came from the clubs.
+      The company earlier this month said it will take a charge
+  to earnings in the first quarter of 17.3 mln dlrs as a result
+  of its deal to buy back 2.6 mln of its common shares from real
+  estate developer Donald Trump.
+      Under a February 21 deal, Bally agreed to buy the 2.6 mln
+  of the 3.06 mln shares held by Trump at 24 dlrs a share, or
+  62.4 mln dlrs, plus 6.2 mln dlrs related expenses in exchange
+  for Trump not seeking control of the company for 10 years.
+      The deal also requires Bally to buy Trump's remaining
+  shares for 33 dlrs a share if the stock price does not reach
+  that level by February 21, 1988.
+  
+
diff --git a/reuters/training/4894 b/reuters/training/4894
new file mode 100644
index 0000000000000000000000000000000000000000..c124fe8659fde3cc2fa475083a98381b32e51eb5
--- /dev/null
+++ b/reuters/training/4894
@@ -0,0 +1,9 @@
+FRANKLIN RESOURCES <BEN> SAYS NET MAY DOUBLE
+  Franklin Resources Inc said
+  it believes earnings could double this year as compared to a
+  year ago when the company reported income of 32 mln dlrs on 143
+  mln dlrs in revenues.
+      Franklin Resources is a financial services company. Its
+  fiscal year ends September 30.
+  
+
diff --git a/reuters/training/4898 b/reuters/training/4898
new file mode 100644
index 0000000000000000000000000000000000000000..a41cdd1b0922388d1078c9fad144e3b8cc4cc696
--- /dev/null
+++ b/reuters/training/4898
@@ -0,0 +1,33 @@
+CUBA SUGAR CROP SEEN AT LEAST SAME AS LAST YEAR
+  Cuban sugar export figures for January
+  suggest that this year's crop may be at least as large as last
+  year's 7.35 mln tonnes, according to sugar analysts.
+      Exports in January totalled 733,000 tonnes raw value, up
+  from 725,000 a year earlier, according to figures received by
+  the International Sugar Organization.
+      January is the first major export month and the figures
+  thus give a good indication of the current crop, they said.
+  Fourth quarter exports fell to 622,000 tonnes from 909,000
+  tonnes a year earlier, but this was because Cuba was destocking
+  at the end of 1985, they added.
+      Trade house C Czarnikow recently estimated production this
+  year at 7.50 mln tonnes.
+      Cuban sugar production in the third quarter of 1986 was
+  12,000 tonnes, giving a final 1985/86 crop total of 7.35 mln
+  tonnes, compared with a 1984/85 crop of 8.10 mln tonnes.
+      There is normally no third quarter production in Cuba, but
+  a hurricane meant that last year's crop was extended.
+      Exports to the USSR were substantially down in January at
+  362,000 tonnes from 489,000 in January 1986, but other Comecon
+  countries received 210,000 tonnes, against 80,000 tonnes in the
+  same month last year, figures received by the ISO show.
+      Bulgaria, Czechoslovakia, Poland and Romania all took
+  substantially more Cuban sugar.
+      Cuba's November 1986 exports totalled 158,000 tonnes,
+  compared with 190,000 tonnes in 1985, and December's total was
+  237,000 tonnes, down from 518,000 tonnes the year before.
+  Calendar year exports for 1986 were also lower at 6.69 mln
+  tonnes against 7.21 mln in 1985 -- the lowest level since
+  1980's 6.19 mln tonnes, the figures show.
+  
+
diff --git a/reuters/training/49 b/reuters/training/49
new file mode 100644
index 0000000000000000000000000000000000000000..6dc3283f1d7cd3ef1eb76f315ee4c84e8478189f
--- /dev/null
+++ b/reuters/training/49
@@ -0,0 +1,15 @@
+AGENCY REPORTS 39 SHIPS WAITING AT PANAMA CANAL
+  The Panama Canal Commission, a U.S.
+  government agency, said in its daily operations report that
+  there was a backlog of 39 ships waiting to enter the canal
+  early today. Over the next two days it expects --              
+               2/26  2/27
+                         Due: 27    35
+        Scheduled to Transit: 35    41
+             End-Day Backlog: 31    25
+      Average waiting time tomorrow --
+           Super Tankers  Regular Vessels
+   North End:  13 hrs      15 hrs
+   South End:   4 hrs      26 hrs
+  
+
diff --git a/reuters/training/490 b/reuters/training/490
new file mode 100644
index 0000000000000000000000000000000000000000..bbf455be01eecbe9ddd821e20aabd962139bc3f4
--- /dev/null
+++ b/reuters/training/490
@@ -0,0 +1,16 @@
+K-TRON INTERNATIONAL INC <KTII> 4TH QTR NET
+  Oper shr profit 36 cts vs loss 1.48 dlrs
+      Oper net profit 1,353,000 vs loss 5,551,000
+      Revs 11.3 mln vs 8,142,000
+      Year
+      Oper shr profit 31 cts vs loss 1.58 dlrs
+      Oper net profit 1,165,000 vs loss 5,919,000
+      Revs 38.0 mln vs 31.6 mln
+      NOTE: Net includes pretax unusual gain 64,000 dlrs vs loss
+  4,744,000 dlrs in quarter and losses 3,0077,000 dlrs vs
+  4,744,000 dlrs in year.  1986 items include settlement of
+  patent suit and provision for investment writeoff and 1985 item
+  provision for loss on sale of scale business.
+      1986 net both periods excludes 400,000 dlr tax credit.
+  
+
diff --git a/reuters/training/4900 b/reuters/training/4900
new file mode 100644
index 0000000000000000000000000000000000000000..74a9fce873dcec9e4a4222eabea8150bbaa0b208
--- /dev/null
+++ b/reuters/training/4900
@@ -0,0 +1,6 @@
+HELMERICH AND PAYNE INC <HP> INCREASES DIV
+  Qtly div 10 cts vs nine cts
+      Payable June one
+      Record May 15
+  
+
diff --git a/reuters/training/4901 b/reuters/training/4901
new file mode 100644
index 0000000000000000000000000000000000000000..4af92d9091eb41dc4fea7c01c8fa89580f785901
--- /dev/null
+++ b/reuters/training/4901
@@ -0,0 +1,14 @@
+HOLLY CORP <HOC> 2ND QTR JAN 31 LOSS
+  Shr loss 45 cts vs profit 20 cts
+      Net loss 1,841,000 vs profit 983,000
+      Revs 56.2 mln vs 102.9 mln
+      Six mths
+      Shr loss 13 cts vs profit 80 cts
+      Net loss 534,000 vs profit 4.4 mln
+      Revs 121.4 mln vs 209.3 mln
+      NOTE: Six months fiscal 1987 includes loss of 17 cts per
+  share from discontinued operations.
+      Per share figures also reflect partial three-for-one stock
+  split effected December 1985.
+  
+
diff --git a/reuters/training/4903 b/reuters/training/4903
new file mode 100644
index 0000000000000000000000000000000000000000..28596ae1e7900cbbe60a4c8bbb704f494e551452
--- /dev/null
+++ b/reuters/training/4903
@@ -0,0 +1,12 @@
+WHITE HOUSE SAYS TRADE BILL GENERALLY GOOD
+  White House spokesman Marlin
+  Fitzwater said the administration had some disagreements with
+  the trade bill that cleared a House subcommittee yesterday but
+  generally felt good about the bill.
+      "Generally we feel very good about the bipartisan
+  consideration of the trade legislation. I think we are
+  progressing very well," he told reporters.
+      "There are wide areas of agreement. There are some areas of
+  disagreement," he said.                 
+  
+
diff --git a/reuters/training/4904 b/reuters/training/4904
new file mode 100644
index 0000000000000000000000000000000000000000..9e7538255cd5f0d574ebc93a101cb3233e37288c
--- /dev/null
+++ b/reuters/training/4904
@@ -0,0 +1,5 @@
+SUNTER ACQUISITION BEGINS TENDER FOR ALLEGHENY INTERNATIONAL INC
+
+  SUNTER ACQUISITION BEGINS TENDER FOR ALLEGHENY INTERNATIONAL INC
+  
+
diff --git a/reuters/training/4905 b/reuters/training/4905
new file mode 100644
index 0000000000000000000000000000000000000000..9ec6f8af6d4544c399906e18dc1bb3ab9e4ea544
--- /dev/null
+++ b/reuters/training/4905
@@ -0,0 +1,17 @@
+U.S. CONSERVATION SIGNUP SEEN 10 TO 12 MLN ACRES
+  Grain traders and analysts look for a
+  10 to 12 mln acre sign-up in the USDA's conservation reserve
+  program, scheduled to be announced after 1400 CST today.
+      The USDA probably will accept about 80 to 90 pct of the
+  acres submitted, they said.
+      Total enrollment in the first three years of the program is
+  only 8.9 mln acres, so the sharp increase expected this year
+  has underpinned new crop corn futures all week.
+      However, some analysts said a 10 to 12 mln acre sign-up may
+  end up being negative to new crop corn prices, citing trade
+  talk earlier this year that 14 to 15 mln acres may be submitted
+  by farmers. Also, acres set-aside under the conservation
+  program are by definition poor yielding, so the impact on total
+  corn production will be minimal, they added.
+  
+
diff --git a/reuters/training/4908 b/reuters/training/4908
new file mode 100644
index 0000000000000000000000000000000000000000..914c37421f373423ac759130652f85d32436effa
--- /dev/null
+++ b/reuters/training/4908
@@ -0,0 +1,14 @@
+IRISH OIL CONCERN BOOSTS CENERGY <CRG> STAKE
+  Bryson Oil and Gas plc, a Belfast,
+  Northern Ireland, oil company which has said it is considering
+  seeking control of Cenergy Corp, said it raised its stake in
+  the company to 1,281,887 shares, or 13.2 pct of the total.
+      In a filing with the Securities and Exchange Commission,
+  Bryson said it bought 440,000 Cenergy common shares on March 10
+  at eight dlrs each. Previously it had held 841,887 shares, or
+  8.5 pct.
+      Bryson has request detailed shareholder information from
+  Cenergy in case it decided to communicate with shareholders.
+  But it said Cenergy has made legal challenges to the request.
+  
+
diff --git a/reuters/training/4910 b/reuters/training/4910
new file mode 100644
index 0000000000000000000000000000000000000000..40a567d354182ef9b04a5cde293646c28d4eb064
--- /dev/null
+++ b/reuters/training/4910
@@ -0,0 +1,18 @@
+SUNTER BEGINS TENDER FOR ALLEGHENY <AG>
+  Allegheny International Inc said  
+  Sunter Acquisititon Corp, formed by First Boston Inc, began a
+  cash tender offer in accordance with their previously announced
+  merger agreement for all the outsanding shares of Allegheny's
+  common stock, 2.19 dlr cumulative preference stock and 11.25
+  dlrs convertible preferred stock.
+      The offer expires April 9, unless extended.
+      Under terms of the agreement, tendering shareholders will
+  receive 24.60 dlrs per common share, 20 dlrs per preference
+  share and 87.50 dlrs per preferred share.
+      Allegheny said the offer is conditioned upon the valid 
+  tender of stock representing a majority of the voting power and
+  at least two-thirds of outstanding shares of preference stock
+  and preferred stock.
+      The merger agreement was announced earlier this week.
+  
+
diff --git a/reuters/training/4911 b/reuters/training/4911
new file mode 100644
index 0000000000000000000000000000000000000000..05b2056c119f71f9e8875663a6b799b7ff65874a
--- /dev/null
+++ b/reuters/training/4911
@@ -0,0 +1,10 @@
+<TRANSIT FINANCIAL HOLDINGS INC> 4TH QTR NET
+  Shr 35 cts vs 13 cts
+      Net 531,840 vs 188,362
+      Revs not given
+      Year
+      Shr 83 cts vs 41 cts
+      Net 1,249,000 vs 620,000
+      Revs 10,800,000 vs 5,600,000
+  
+
diff --git a/reuters/training/4914 b/reuters/training/4914
new file mode 100644
index 0000000000000000000000000000000000000000..9e769f5fe479d37776dd86adeabc9c1359ae22bc
--- /dev/null
+++ b/reuters/training/4914
@@ -0,0 +1,13 @@
+SPORTING LIFE INC <SPLF> 2ND QTR JAN 31 NET
+  Oper shr loss six cts vs profit four cts
+      Oper net loss 58,388 vs profit 34,101
+      Revs 2,419,203 vs 2,145,967
+      1st half
+      Oper shr profit six cts vs profit 18 cts
+      Oper net profit 61,763 vs profit 172,166
+      Revs 5,731,582 vs 4,458,040
+      NOTE: Prior year net excludes extraordinary credits of
+  4,500 dlrs in quarter and 46,000 dlrs in half.
+      Current quarter net includes 47,470 dlr tax credit.
+  
+
diff --git a/reuters/training/4918 b/reuters/training/4918
new file mode 100644
index 0000000000000000000000000000000000000000..741f85d70e80c17203960ba91f15ec6c8c5fc0c3
--- /dev/null
+++ b/reuters/training/4918
@@ -0,0 +1,10 @@
+INVESTMENT FIRMS CUT CYCLOPS <CYL> STAKE
+  A group of affiliated New York
+  investment firms said they lowered their stake in Cyclops Corp
+  to 200,500 shares, or 5.0 pct of the total outstanding, from
+  260,500 shares, or 6.4 pct.
+      In a filing with the Securities and Exchange Commission,
+  the group, led by Mutual Shares Corp, said it sold 60,000
+  Cyclops common shares since February 26.
+  
+
diff --git a/reuters/training/4920 b/reuters/training/4920
new file mode 100644
index 0000000000000000000000000000000000000000..65059852e667f90cb96000b5e09b16d4a42afa9a
--- /dev/null
+++ b/reuters/training/4920
@@ -0,0 +1,8 @@
+<ARGYLL ENERGY CORP> YEAR LOSS
+  Shr loss 1.41 dlrs vs profit 27 cts
+      Net loss 8,225,052 vs profit 1,566,936
+      Revs 4,028,231 vs 6,725,462
+      Note: 1986 shr and net after 6,606,646 dlr writedown on
+  property and other assets
+  
+
diff --git a/reuters/training/4922 b/reuters/training/4922
new file mode 100644
index 0000000000000000000000000000000000000000..727fd343b8152e773127f0e9a988d2dd1a5c3ca6
--- /dev/null
+++ b/reuters/training/4922
@@ -0,0 +1,14 @@
+TRANSIT FINANCIAL SEES 1987 SHARE PROFIT RISE
+  <Transit Financial Holdings Inc>,
+  earlier reporting higher fourth quarter and full year earnings,
+  said it expects 1987 share profit to increase to 1.27 dlrs from
+  83 cts in 1986.
+      The company said the 1987 share forecast is based on 2.5
+  mln shares outstanding, after a one mln common share issue on
+  December 30, 1986. Its 1986 and 1985 earnings were based on 1.5
+  mln shares outstanding.
+      The company earlier reported 1986 profit rose to 1,249,000
+  dlrs or 83 cts a shares from year-earlier 620,000 dlrs or 41
+  cts a share.
+  
+
diff --git a/reuters/training/4925 b/reuters/training/4925
new file mode 100644
index 0000000000000000000000000000000000000000..c5865e2aaaed2bafd6376d826a79e7759f1d0724
--- /dev/null
+++ b/reuters/training/4925
@@ -0,0 +1,5 @@
+SAN PAOLO DI TORINO CUTS PRIME RATE TO 12.50 PCT FROM 13.00 PCT - OFFICIAL
+
+  SAN PAOLO DI TORINO CUTS PRIME RATE TO 12.50 PCT FROM 13.00 PCT - OFFICIAL
+  
+
diff --git a/reuters/training/4929 b/reuters/training/4929
new file mode 100644
index 0000000000000000000000000000000000000000..3296d19468d454d3636d93fcb228b578a257bad3
--- /dev/null
+++ b/reuters/training/4929
@@ -0,0 +1,5 @@
+CANADIAN MONEY SUPPLY M-1 RISES 592 MLN DLRS IN WEEK, BANK OF CANADA SAID
+
+  CANADIAN MONEY SUPPLY M-1 RISES 592 MLN DLRS IN WEEK, BANK OF CANADA SAID
+  
+
diff --git a/reuters/training/4930 b/reuters/training/4930
new file mode 100644
index 0000000000000000000000000000000000000000..fa18df9508c56b53689b8c7133daa89447b6c4b9
--- /dev/null
+++ b/reuters/training/4930
@@ -0,0 +1,18 @@
+HOLLY CORP <HOC> 2ND QTR JAN 31 LOSS
+  Shr loss 45 cts vs profit 20 cts
+      Net loss 1,841,000 vs profit 983,000
+      Revs 56.2 mln vs 102.9 mln
+      Avg shrs 4,127,000 vs 4,835,000
+      1st half
+      Oper shr four cts vs 80 cts
+      Oper net 172,000 vs 4,359,000
+      Revs 121.4 mln vs 209.3 mln
+      Avg shrs 4,127,000 vs 5,439,000
+      NOTE: Current half net excludes 706,000 dlr loss from
+  discontinued oil and natural gas operations.
+      Share adjusted for three-for-one stock split and
+  recapitalization in December 1985.
+      Prior year net both periods includes pretax charge of
+  2,300,000 dlrs from recapitalization costs.
+  
+
diff --git a/reuters/training/4933 b/reuters/training/4933
new file mode 100644
index 0000000000000000000000000000000000000000..f58555084cfe07ef64ae11877fee3ddc90d02e5e
--- /dev/null
+++ b/reuters/training/4933
@@ -0,0 +1,29 @@
+CYCLOPS <CYL> WILL NOT GIVE DATA TO GROUP
+  Cyclops Corp said its board rejected
+  a request by Cyacq Corp, an investor group, for more non-public
+  information about Cyclops, a maker of specialty steels and an
+  electronics retailer.
+      Cyclops cited its agreement to be acquired by Britain's
+  Dixons Group PLC for 90.25 dlrs a share under a tender offer
+  that expires midnight March 17.
+      Cyacq, comprising Audio/Video Affiliates Inc, Citicorp
+  Capital Investors Ltd and other investors, yesterday said it
+  would increase its tender offer for Cyclops to 92.50 dlrs a
+  share from 80 dlrs, subject to certain conditions.
+      The conditions were that Cyclops provide Cyacq with
+  non-public data given to Dixons and that Cyacq be satisfied
+  with financial projections made by Dixons in its offer.
+      Cyclops also said its board determined that Cyacq's
+  announcement was not an offer. "Cyacq's press release does not
+  amend Cyacq's outstanding tender offer which remains at 80 dlrs
+  per share and it does not state that Cyacq has financing
+  commitments necessary to carry out its original offer or any
+  increased offer that it may make," Cyclops said in a statement.
+      Its agreements with Dixons are binding and Dixons indicated
+  it will not rescind or waive any provisions of the pacts,
+  Cyclops said.
+      The company also said it was advised that Dixons'
+  shareholders approved the merger, satisfying that condition of
+  the agreement.
+  
+
diff --git a/reuters/training/4934 b/reuters/training/4934
new file mode 100644
index 0000000000000000000000000000000000000000..f46dae4248e1fb8daf6c9530940b51a9072f4345
--- /dev/null
+++ b/reuters/training/4934
@@ -0,0 +1,13 @@
+SAN JUAN RACING ASSOCIATION INC <SJR> 3RD QTR
+  Shr 22 cts vs 22 cts
+      Net 915,911 vs 970,141
+      Revs 8.0 mln vs 8.0 mln
+      Nine months
+      Shr 69 cts vs 56 cts
+      Net 3.0 mln vs 2.4 mln
+      Revs 23.5 mln vs 22.1 mln
+      NOTE:1987 3rd qtr and nine months include extraordainry
+  gain of 341,145 dlrs and 480,412 dlrs, respectively, on sale of
+  land.
+  
+
diff --git a/reuters/training/4937 b/reuters/training/4937
new file mode 100644
index 0000000000000000000000000000000000000000..d1e2c0de5d040e50f8abcb7a6caebc53106018dd
--- /dev/null
+++ b/reuters/training/4937
@@ -0,0 +1,13 @@
+EDELMAN CUTS LUCKY STORES <LKS> STAKE TO 4.8 PCT
+  A group led by New York investor
+  Asher Edelman said he lowered its stake in Lucky Stores Inc
+  <LKS> to 1,827,734 shares, or 4.8 pct of the total outstanding
+  common stock, from 1,930,734 shares, or 5.1 pct.
+      In a filing with the Securities and Exchange Commission,
+  the Edelman group said it sold 103,000 Lucky Stores common
+  shares on March 9 and 10 at prices ranging from 28.625 to
+  30.375 dlrs a share.
+      So long as Edelman's stake is below five pct he is not
+  required to report his dealings in Lucky Stores stock.
+  
+
diff --git a/reuters/training/4938 b/reuters/training/4938
new file mode 100644
index 0000000000000000000000000000000000000000..829e4549fdd636474ed02482f8350a6cd10cc6f8
--- /dev/null
+++ b/reuters/training/4938
@@ -0,0 +1,29 @@
+CANADIAN MONEY SUPPLY RISES IN WEEK
+  Canadian narrowly-defined money supply
+  M-1 rose 592 mln dlrs to 33.36 billion dlrs in week ended March
+  4, Bank of Canada said.
+      M-1-A, which is M-1 plus daily interest chequable and
+  non-personal deposits, rose 778 mln dlrs to 75.95 billion dlrs
+  and M-2, which is M-1-A plus other notice and personal
+  fixed-term deposit rose 1.09 billion dlrs to 177.95 billion
+  dlrs.
+      M-3, which is non-personal fixed term deposits and foreign
+  currency deposits of residents booked at chartered banks in
+  Canada, rose 1.13 billion dlrs to 217.28 billion dlrs.         
+      Chartered bank general loans outstanding rose 500 mln dlrs
+  to 125.54 billion dlrs.
+      Canadian liquid plus short term assets fell 244 mln dlrs to
+  35.12 billion dlrs and total Canadian dollar major assets of
+  the chartered banks rose 257 mln dlrs to 221.53 billion dlrs.
+      Chartered bank net foreign currency assets rose 782 mln
+  dlrs to minus 876 mln dlrs.            
+      Notes in circulation totalled 16.28 billion dlrs, up 45 mln
+  dlrs from the week before.
+      Government cash balances rose 1.37 billion dlrs to 5.68
+  billion dlrs in week ended March 11.
+      Government securities outstanding fell three mln dlrs to
+  224.08 billion dlrs in week ended March 11, treasury bills rose
+  600 mln dlrs to 75.15 billion dlrs and Canada Savings Bonds
+  fell 294 mln dlrs to 44.05 billion dlrs.           
+  
+
diff --git a/reuters/training/4939 b/reuters/training/4939
new file mode 100644
index 0000000000000000000000000000000000000000..c182d62027a786b0bf04d0b3db22ecc2068e4209
--- /dev/null
+++ b/reuters/training/4939
@@ -0,0 +1,25 @@
+USSR HEAVY BUYERS OF YUGOSLAV CORN-U.S. REPORT
+  The Soviet Union has been a heavy
+  buyer of Yugoslav corn since October, purchasing close to 1.5
+  mln tonnes in the 1986/87 marketing year, according to a report
+  from the U.S. agriculture counselor in Belgrade.
+      Approximately 1.5 mln tonnes of Yugoslav corn have already
+  been committed to foreign buyers for 1986/87, with most of this
+  sold to the Soviet Union, the Yugoslav Grain Association
+  reported to the U.S. official.
+      In a report dated March 10, the official said that about
+  800,000 tonnes of the corn has been delivered, with the balance
+  of 700,000 tonnes to be shipped between now and June.
+      An additional 500,000 tonnes of corn can be shipped from
+  July-September, the grain associaiton said, so total Yugoslav
+  corn exports could reach 2.0 mln tonnes, the counselor said.
+      Heavier than normal monthly shipping rates for Yugoslav
+  corn exports are due to the increased use of river barges for
+  exporting corn to the Soviet Union, the counselor said.
+      Monthly corn shipments out of Yugoslavia have averaged
+  around 160,000 tonnes since October 1, higher than earlier
+  estimates of 150,000, the official said.
+      The Soviet Union has taken an increased share of Yugoslav
+  corn sales during this marketing year, he said.
+  
+
diff --git a/reuters/training/494 b/reuters/training/494
new file mode 100644
index 0000000000000000000000000000000000000000..68d5cd0d71cc7d01bec8a0dedce569aede8eb888
--- /dev/null
+++ b/reuters/training/494
@@ -0,0 +1,8 @@
+PRESIDENTIAL REALTY CORP <PDO> ANNUAL NET
+  Shr 1.65 dlrs vs 1.50 dlrs
+      Net 5,370,000 vs 4,901,000
+      Rev 8.4 mln vs 7.8 mln
+      NOTE: 1986 net gain from property investments 717,000 dlrs,
+  or 22 cts per share, vs 721,000 dlrs, or 22 cts per share.
+  
+
diff --git a/reuters/training/4941 b/reuters/training/4941
new file mode 100644
index 0000000000000000000000000000000000000000..50dcc7e87689a87efac656a16123e0994cb8108a
--- /dev/null
+++ b/reuters/training/4941
@@ -0,0 +1,26 @@
+U.S. MAKES CONCILIATORY MOVE AT RUBBER PACT TALKS
+  The U.S. Has dropped its insistence that
+  the floor price in a new International Natural Rubber
+  Agreement, INRA, be revised downward under certain
+  circumstances, conference sources said.
+      The surprise conciliatory move by the U.S. Meets one of the
+  producers' main concerns -- that the floor price, or "lower
+  indicative price," remain unchanged, they said.
+      It is not clear, however, whether all consuming countries
+  will follow suit, as a number of them, in particular Britain,
+  West Germany and Belgium, appeared to have strong reservations,
+  the sources added.
+      The group of consumers has been seeking an adjustment of
+  the "lower indicative price" (set at 150 Malaysian/Singapore
+  cents a kilo in the present pact) if the buffer stock,
+  currently 360,000 tonnes, rises to 450,000 tonnes.
+      The sources said the question of to what extent price
+  adjustments should be automatic remains a problem.
+      Conference chairman Manaspas Xuto of Thailand has been
+  holding consultations with producers and consumers throughout
+  the day.
+      The consumers' group is now holding a separate meeting
+  ahead of further consultations within the "president's group"
+  tonight.
+  
+
diff --git a/reuters/training/4944 b/reuters/training/4944
new file mode 100644
index 0000000000000000000000000000000000000000..a515f2173a4ee3c8348af760d38a2f07364b4ea4
--- /dev/null
+++ b/reuters/training/4944
@@ -0,0 +1,100 @@
+FED SEEN CONTENT WITH U.S. FEBRUARY ECONOMY
+  U.S. February reports reflecting slim
+  gains in industrial output and moderating inflation pressures
+  reinforced expectations that the Federal Reserve will continue
+  to follow a stable course of monetary policy, economists said.
+      "If you're the Fed, there's no reason to do anything," said
+  Steve Slifer of Lehman Government Securities Inc.
+      "There are hints that GNP is picking up. On the inflation
+  front, all is well," he said. "Money supply is well under
+  control. It's an absolutely ideal situation."
+      February U.S. industrial production rose 0.5 pct, slightly
+  less than the 0.7 pct gain the financial markets had expected.
+  This compared with a slim 0.1 pct rise in January's production
+  number, previously reported as a 0.4 pct increase.
+      The February U.S. producer price index gained only 0.1 pct,
+  less than a 0.3-0.4 pct expected rise. This followed a 0.6 pct
+  rise in the PPI in January.
+      "The Fed is going to look at this positively," said Allan
+  Leslie of Discount Corporation. "Certainly inflation is not as
+  bad as what Volcker (Fed Chairman) has said lately. Industrial
+  production growth is along the lines of what the Fed wants."
+      The energy products component of PPI rose 4.0 pct in
+  February, after a 9.8 pct increase in January.
+      "This shows that the impact of energy prices on inflation
+  is behind us in terms of the move from 15 dlrs to 18 dlrs per
+  barrel," said Maria Ramirez of Drexel Burnham Lambert Inc. "The
+  trend is still 3.5 pct in the first half of the year."
+      In 1986, declining energy prices contributed to a 2.5 pct
+  decline in the PPI.
+      Economists said that a rise in energy prices was expected,
+  but a sharp drop in auto prices was not. Passenger car prices
+  fell 3.4 pct and light truck prices dropped 1.3 pct.
+      Yesterday, Federal Reserve Chairman Paul Volcker said that
+  a possibility of renewed inflation remains a concern in both
+  the financial markets and the Federal Reserve.
+      "The Fed may be lowering its own inflation expectations
+  today," said Robert Brusca of Nikko Securities International.
+      While low inflation permits the Fed to maintain an easier
+  monetary policy, Brusca said if import prices do not rise this
+  could necessitate a weaker dollar.
+      "The outlook for the dollar is still up in the air," he
+  said. "We need inflation for U.S. producers to compete with
+  foreign producers."
+      Brusca said prices of electronic equipment dropped 0.8 pct
+  in February's PPI. With many electronic goods produced
+  overseas, this may show that foreign producers are not raising
+  prices which bodes ill for U.S. competitiveness, he said.
+      If further dollar declines are needed, this could diminish
+  overseas investment in U.S. debt, Brusca added, which might
+  necessitate higher interest rates and lower bond prices.
+      By contrast, Slifer said imported goods prices rose 11.8
+  pct from first quarter 1985 to first quarter 1986 reflecting to
+  a large degree a 22 pct drop in the trade-weighted real value
+  of the dollar from February 1985 to February 1987.
+      Slifer said import prices may rise further as
+  manufacturers' contracts put in place before the dollar dropped
+  to current levels expire, and new contracts are made that
+  reflect a weaker dollar.
+      David Wyss of Data Resources Inc noted that imported
+  manufactured goods prices rose 8.5 pct at an annual rate in the
+  second half of 1986, which has contributed to rising U.S.
+  industrial output.
+      "It's the other side of the lower dollar," Wyss said.
+  "Producers are beginning to find themselves more competitive
+  and they are increasing output."
+      Wyss said that the latest data point to an average
+  industrial production gain of 0.3-0.4 pct in the first quarter.
+  "It's an encouraging sign that the manufacturing sector is
+  beginning to revive."
+      But Stephen Roach of Morgan Stanley and Co Inc was not 
+  convinced that the February reports portend economic gains. He
+  said much of the strength came from factors that do not point
+  to a sustained rise in industrial output.
+      Roach pointed out that stikers returning to work in farm
+  equipment industries helped account for a one pct rise in
+  February business equipment production.
+      Utilities output rose 0.7 pct in February after gaining 1.2
+  pct in January, but Roach said it shows mostly that more energy
+  was produced, not that manufacturing activity gained.
+      Finally, he pointed out that auto production accounted for
+  half of the industrial production gain as production of auto
+  assemblies rose to 8.3 million units at an annual rate from 7.5
+  million units.
+      "In the first quarter, it looks like automakers are
+  producing at an 8.5 mln unit annual rate, but selling at
+  roughly a seven mln unit rate," Roach said. "The disparity
+  between output and sales is showing up in inventories."
+      Economists pointed to sharp rise in January U.S. business
+  inventories as a sign that production may be outstripping
+  demand in the first quarter of 1987.
+      January business inventories rose 0.9 pct, the largest gain
+  since July 1979 when inventories rose 1.7 pct, the Commerce
+  Department said. Business sales dropped 4.5 pct in January, the
+  largest monthly sales drop on record.
+      Nonetheless, economists do not expect the Fed to react to
+  month-to-month changes. "The Fed has been standing pat for the
+  last seven months," Ramirez said. "They will continue to stand
+  pat for at least the next couple of months."
+  
+
diff --git a/reuters/training/4951 b/reuters/training/4951
new file mode 100644
index 0000000000000000000000000000000000000000..a0fb1b656641a18c81622d8625b33aba45df2b5e
--- /dev/null
+++ b/reuters/training/4951
@@ -0,0 +1,47 @@
+MOBIL <MOB> CAPITAL EXPENDITURES LOWER IN 1987
+  Mobil Corp chairman Allen E. Murray
+  said in the annual report issued today that the company's total
+  1987 capital expenditures would be lower than the three
+  billion dlrs spent in 1986.
+      "Overall capital and exploration expenditures will fall
+  slightly below the level for 1986 although we'll be ready to
+  increase spending whenever the outlook becomes more promising,"
+  Murray said.
+      Mobil data in the annual report shows capital expenditures
+  have been cut every year since 1984's 3.6 billion dlrs to 3.5
+  billion dlrs in 1985.
+      Murray told shareholders that despite the cuts "the company
+  has promising acreage to explore as well as major oil and gas
+  reserves to develop in the U.S., Canada, Europe, Africa and
+  Indonesia.
+      Over the past two weeks Mobil has announced restructuring
+  of its domestic exploration and development organization and
+  this week a restructuring of its oil services units, which
+  support the new affiliate.
+      "Mobil's chairman has explained this change by saying we
+  need a leaner organization to get more efficient usage from our
+  assets," said John Lord, a Mobil Corp spokesman.
+      Murray said in announcing the first reorganization, which
+  will combine its current three exploration and producing
+  affiliates into one organization, Mobil Exploration and
+  Production U.S. Inc, that it is more effective than the present
+  organization and will improve the company's upstream
+  competitive position.
+      Yesterday the company said that it will restructure its
+  Mobil Exploration and Producing Services Inc, MEPSI, to enhance
+  the development and transfer of technology supporting critical
+  areas of exploration, drilling, resevoir management and
+  computer systems.
+      Earnings from Mobil's upstream operations in 1986 were 827
+  mln dlrs, down 54 pct from the previous year's 1.8 billion dlrs
+  in earnings.
+      Mobil's strategy in the exploration and production sector
+  will be to give most attention to exploration possibilities
+  with the greatest long term potential, the company said.
+      In its annual report, Mobil said that this will include
+  greater emphasis on "frontier plays that, although riskier, fit
+  our strengths of technology and size...This probably also means
+  a shift toward emphasis in the foreign area since selective
+  overseas exploration offers greater potential."
+  
+
diff --git a/reuters/training/4952 b/reuters/training/4952
new file mode 100644
index 0000000000000000000000000000000000000000..ad142d7ec325e8aa08567cb9abe9787f7b13ca19
--- /dev/null
+++ b/reuters/training/4952
@@ -0,0 +1,12 @@
+INTERCONNECT PREFERS FRIENDLY GATES <GLJ> OFFER
+  <Interconnect Capital> said it
+  seeks to acquire Gates Learjet Corp on friendly terms.
+      Late yesterday the company said it has offered 7.07 dlrs
+  per share for all Gates Learjet shares.
+      Interconnect Capital said it intends to purchase the <Gates
+  Corp> loan to Gates Learjet for 13 mln dlrs should its bid be
+  successful.
+      Interconnect Capital is controlled by <Interconnect Inc>.
+      Gates Corp owns 64.8 pct of Gates Learjet.
+  
+
diff --git a/reuters/training/4953 b/reuters/training/4953
new file mode 100644
index 0000000000000000000000000000000000000000..f4e06ba9380c909e44889bffaeb182701be6e9f4
--- /dev/null
+++ b/reuters/training/4953
@@ -0,0 +1,50 @@
+BRAZILIAN TROOPS TO LEAVE OIL REFINERIES
+  Brazil's labour troubles eased a
+  little today as the authorities announced they were withdrawing
+  troops from the country's main oil installations occupied three
+  days ago.
+      The troops went in at the request of the state-oil company
+  Petrobras because of the threat of a strike by 55,000 oil
+  industry employees.
+      Petrobras said in a statement today it had requested the
+  withdrawal of the troops. The situation in the refineries was
+  calm, it said, and the employees had indicated their
+  willingness to negotiate a pay deal.
+      A national seamen's strike, however, continued and marines
+  remained in the country's main ports. The marines were
+  despatched to the ports after the seamen's strike, now two
+  weeks old, was ruled illegal last Friday.
+      A spokesman at the national strike headquarters in Rio de
+  Janeiro said today a total of l63 ships were strike-bound, 135
+  in Brazil and 28 in foreign ports.
+      Yesterday two small companies specialised in the transport
+  of chemicals, Global and Flumar, struck a pay accord with their
+  seamen who have secured a 120 pct increase.
+      Brazilian newspapers today hailed these agreements as a
+  sign that the national strike could soon come to an end.
+      Both companies employ fewer than 200 seamen and union
+  leaders said the vast majority of Brazil's 40,000 seamen were
+  still on strike.
+      The threat of a stoppage by oil industry employees appeared
+  today to be receding. Petrobras said in its statement that the
+  company would meet union leaders for pay talks in Rio de
+  Janeiro next Wednesday.
+      Labour Minister Almir Pazzionotto would act as a mediator.
+      Besides industrial troubles, there has also been
+  considerable unrest this week in the agricultural sector.
+      On Tuesday hundreds of thousands of farmers held rallies
+  throughout the country to protest against high interest rates.
+      Television reports showed some of these protests still
+  continuing today, with farmers blockading banks with their
+  vehicles in several towns in the states of Sao Paulo and
+  Parana.
+      The strikes in Brazil come as the government is trying to
+  extricate itself from a serious debt crisis brought on by a
+  deterioration in its trade balance.
+      On February 20 President Jose Sarney announced that Brazil
+  was suspending interest payments on 68 billion dlrs of debt to
+  private banks.
+      Because of the seamen strike exports are being delayed and
+  the country is losing badly needed foreign exchange.
+  
+
diff --git a/reuters/training/4954 b/reuters/training/4954
new file mode 100644
index 0000000000000000000000000000000000000000..641fba7164bb3b926e8f66c7390cdda8a7956e40
--- /dev/null
+++ b/reuters/training/4954
@@ -0,0 +1,10 @@
+INFINITE GRAPHICS INC <INFG> 3RD QTR JAN 31 NET
+  Shr profit two cts vs loss 11 cts
+      Net profit 31,734 vs loss 190,677
+      Sales 1,325,978 vs 1,029,921
+      Nine Mths
+      Shr profit eight cts vs loss 53 cts
+      Net profit 142,200 vs loss 939,435
+      Sales 4,066,777 vs 2,793,479
+  
+
diff --git a/reuters/training/4955 b/reuters/training/4955
new file mode 100644
index 0000000000000000000000000000000000000000..950b4fa79891e381b4c7a485367037d6672f5c08
--- /dev/null
+++ b/reuters/training/4955
@@ -0,0 +1,10 @@
+MINDSCAPE BUYS HARCOURT BRACE <HBJ> UNIT
+  (Mindscsape Inc) said it
+  agreed to buy the educational software unit of Holt, Rinehart
+  and Winston Inc, a subsidiary of Harcourt Brace Jovanovich Inc,
+  for undisclosed terms.
+      Sales of the division, which had been purchased by Holt,
+  Rinehart from CBS, peaked at about 10 mln dlrs in 1985,
+  Mindscape said.
+  
+
diff --git a/reuters/training/4956 b/reuters/training/4956
new file mode 100644
index 0000000000000000000000000000000000000000..c6fd0252e3a0efb9c8f3c650f9dcf99e9cb2e327
--- /dev/null
+++ b/reuters/training/4956
@@ -0,0 +1,6 @@
+HEALTH-MOR INC <HMI> SETS DIVIDEND
+  Qtly dividend 17 cts vs 17 cts
+      Pay April 10
+      Record March 26
+  
+
diff --git a/reuters/training/4959 b/reuters/training/4959
new file mode 100644
index 0000000000000000000000000000000000000000..04f49ce3bdce657ae28047d0f450f2f0ef525c58
--- /dev/null
+++ b/reuters/training/4959
@@ -0,0 +1,5 @@
+CAESARS WORLD SAYS IT CONSIDERS RESTRUCTURING AND SALE TO OTHER COMPANY
+
+  CAESARS WORLD SAYS IT CONSIDERS RESTRUCTURING AND SALE TO OTHER COMPANY
+  
+
diff --git a/reuters/training/496 b/reuters/training/496
new file mode 100644
index 0000000000000000000000000000000000000000..d1bb75864288d0ce2da1deb7129b21f41c05f81f
--- /dev/null
+++ b/reuters/training/496
@@ -0,0 +1,57 @@
+REDSTONE DETAILS SWEETENED VIACOM <VIA> OFFER
+  Investor Sumner Redstone, who leads
+  one of the two groups vying for control of Viacom International
+  Inc, offered to sweeten his bid for the company by 1.50 dlrs a
+  share cash and 1.50 dlrs in securities.
+      In a filing with the Securities and Exchange Commission,
+  Redstone, who controls Dedham, Mass.,-based National Amusements
+  Inc, a theater chain operator, offered to raise the cash
+  portion of its Viacom offer to 42 dlrs a share from 40.50 dlrs.
+      Redstone also raised the face value of the preferred stock
+  he is offering to 7.50 dlrs from six dlrs.
+      The Redstone offer, which is being made through Arsenal
+  Holdings Inc, a National Amusements subsidiary set up for that
+  purpose, which also give Viacom shareholders one-fifth of a
+  share of Arsenal common stock after the takeover.
+      Viacom said earlier today it received revised takeover bids
+  from Redstone and MCV Holdings Inc, a group led by Viacom
+  management which is competing with Redstone for control of the
+  company and already has a formal merger agreement with Viacom.
+      The company did not disclose the details of the revised
+  offers, but said a special committee of its board would review
+  them later today.
+      The Redstone group, which has a 19.5 pct stake in Viacom,
+  and the management group, which has a 5.4 pct stake, have both
+  agreed not to buy more shares of the company until a merger is
+  completed, unless the purchases are part of a tender offer for
+  at least half of the outstanding stock.
+      The two rivals also signed confidentiality agreements,
+  which give them access to Viacom's financial records provided
+  they keep the information secret.
+      In his SEC filing, Redstone, who estimated his cost of
+  completing the takeover at 2.95 billion dlrs, said Bank of
+  America is confident it can raise 2.275 billion dlrs.
+      Besides the financing it would raise through a bank
+  syndicate, Bank of America has also agreed to provide a
+  separate 25 mln dlr for the limited purpose of partial
+  financing and has committed to provide another 592 mln dlrs,
+  Redstone said.
+      Merrill Lynch, Pierce Fenner and Smith Inc has increased
+  its underwriting commitment to 175 mln dlrs of subordinated
+  financing debt for the Viacom takeover, from the 150 mln dlrs
+  it agreed to underwrite earlier, Redstone said.
+      Redstone said his group would contribute more than 475 mln
+  dlrs in equity toward the takeover.
+      The Redstone equity contribution to the takeover would
+  consist of all of his group's 6,881,800 Viacom common shares
+  and at least 118 mln dlrs cash, he said.
+      The new offer, the second sweetened deal Redstone has
+  proposed in his month-long bidding war with management, also
+  contains newly drawn up proposed merger documents, he said.
+      Last week, the management group submitted what it called
+  its last offer for the company, valued at 3.1 mln dlrs and
+  consisting of 38.50 dlrs a share cash, preferred stock valued
+  at eight dlrs a share and equity in the new company. Redstone's
+  previous offer had been valued at 3.2 billion dlrs.
+  
+
diff --git a/reuters/training/4960 b/reuters/training/4960
new file mode 100644
index 0000000000000000000000000000000000000000..5d526dc457bd3265d2e1d0ae40742459fbc3376f
--- /dev/null
+++ b/reuters/training/4960
@@ -0,0 +1,5 @@
+FAIRCHILD INDUSTRIES INC 4TH QTR OPER SHR LOSS 44 CTS VS LOSS EIGHT CTS
+
+  FAIRCHILD INDUSTRIES INC 4TH QTR OPER SHR LOSS 44 CTS VS LOSS EIGHT CTS
+  
+
diff --git a/reuters/training/4962 b/reuters/training/4962
new file mode 100644
index 0000000000000000000000000000000000000000..cc1423c1839c522e14e100b21a7f6d775c6a9154
--- /dev/null
+++ b/reuters/training/4962
@@ -0,0 +1,25 @@
+MOBIL <MOB> ADDS NATURAL GAS RESERVES IN 1986
+  Mobil Corp increased net proven
+  reserves of natural gas liquids in 1986 from the previous year
+  according to data in its 1986 annual report.
+      The report states that total net proved reserves at year's
+  end stood at 2.5 billion barrels, an increase of 94 mln barrels
+  or four pct above the previous year and detailed data show that
+  the gains resulted from an increase in net proved reserves of
+  natural gas liquids.
+      Mobil said gains were in Indonesia where a sixth production
+  facility began operation in October with a capacity to
+  manufacture 1.7 mln tonnes of liquified natural gas.
+      The company also said that new capacity brought onstream
+  last year replaced 120 pct of Mobil's production, which
+  declined by about four pct in 1986 from the previous year.
+      Detailed data on reserves shows that U.S. net proved
+  reserves of crude oil fell to 837 mln barrels from 853 mln
+  barrels in 1985, natural gas liquid reserves were also lower in
+  1986 from the previous year.
+      Net proved crude oil reserves also fell in Canada to 224
+  mln barrels and in Europe to 403 mln barrels from the previous
+  year's level of 231 mln barrels and 439 mln barrels,
+  respectively.
+  
+
diff --git a/reuters/training/4963 b/reuters/training/4963
new file mode 100644
index 0000000000000000000000000000000000000000..1de6a5f062a658d78e4fbc270c2ed6298a56e48a
--- /dev/null
+++ b/reuters/training/4963
@@ -0,0 +1,12 @@
+ARCO SELLS TWO AGRICULTURAL RESEARCH OPERATIONS
+  Atlantic Richfield Co said it sold
+  its Plan Cell Research Institute unit and its Arco Seed Co
+  operations in two transactions for undisclosed prices.
+      The company said it sold Dublin, Calif.-based Plant Cell
+  Research to Montedision SpA of Milan, Italy, and ARCO Seed Co
+  to U.F. Genetics of Hollister, Calif.
+      Atlantic Richfield said the divestitures are in line with
+  its policy of focusing resources on oil, gas, chemical and coal
+  operations.
+  
+
diff --git a/reuters/training/4964 b/reuters/training/4964
new file mode 100644
index 0000000000000000000000000000000000000000..6223ca24097bd142d0cce2303601eb9fc5e5756a
--- /dev/null
+++ b/reuters/training/4964
@@ -0,0 +1,12 @@
+CAESARS WORLD <CAW> SAYS IT MULLS RESTRUCTURING
+  Caesars World Inc, in rejecting a 28
+  dlr a share takeover bid by New York investor Martin Sosnoff,
+  said it is considering alternatives that include a
+  restructuring of the company and the sale to someone else.
+      In a filing with the Securities and Exchange Commission,
+  Caesars World said its board decided at a special meeting
+  yesterday to "explore and investigate" several alternatives in
+  an effort to thwart Sosnoff's takeover attempt.
+   More
+  
+
diff --git a/reuters/training/4965 b/reuters/training/4965
new file mode 100644
index 0000000000000000000000000000000000000000..f57f98461a6893778332a476cedf40a6034512dc
--- /dev/null
+++ b/reuters/training/4965
@@ -0,0 +1,13 @@
+LOW SUGAR PRICES MAY ATTRACT SOVIET/CHINESE
+  Any further decline in raw sugar prices
+  is likely to attract buying from the Soviet Union and China,
+  Woodhouse, Drake and Carey said in their latest weekly market
+  report.
+      Present lower terminal values may be a reflection of the
+  lack of renewed prompt offtake, particularly from these two
+  large consumers, the report said.
+      The week has seen good demand for Thai raws, particulary
+  for October/December shipment, which has traded above twenty
+  points premium to the October New York delivery, it said.
+  
+
diff --git a/reuters/training/497 b/reuters/training/497
new file mode 100644
index 0000000000000000000000000000000000000000..3307aead29d673372facecbb8994fb8d53214466
--- /dev/null
+++ b/reuters/training/497
@@ -0,0 +1,13 @@
+MONTEDISON CONCLUDES TALKS WITH ANTIBIOTICOS
+  Montedison Spa <MONI.MI> said it has
+  concluded its negotiations with Spanish pharmaceuticals company
+  <Antibioticos SA>.
+      A company spokesman told Reuters "We have concluded the
+  talks and we are now awaiting authorization from Spanish
+  authorities." He declined to comment further.
+      Earlier today the Italian company postponed a scheduled
+  press conference on its talks with Antibioticos. An Italian
+  press report today said Montedison has agreed to acquire
+  Antibioticos for 500 billion lire.
+  
+
diff --git a/reuters/training/4970 b/reuters/training/4970
new file mode 100644
index 0000000000000000000000000000000000000000..f756233f43fb1139b75832fe75ed9b342c213d3d
--- /dev/null
+++ b/reuters/training/4970
@@ -0,0 +1,22 @@
+CHEMLAWN <CHEM> SEEKS BIDS BY MARCH 18
+  ChemLawn corp said it has asked
+  potential purchasers of the company to submit their proposals
+  by 1700 EST on March 18.
+      ChemLawn said if Waste Management Inc <WMX> intends to
+  participate in the bidding process, it will have to submit a
+  confidentiality agreement to Chemlawn financial advisor Smith
+  Barney, Harris Upham and Co Inc.
+      Waste Management has a 27 dlr per share tender offer for
+  Chemlawn underway that Chemlawn has already rejected as
+  inadequate.
+      Chemlawn has already said it is holding talks with various
+  parties on the sale of the company and said it has informed all
+  potential purchasers that they mnust sign confidentiality
+  agreemnents to receive confidential information on Chemlawn.
+      ChemLawn said if Waste Management were to sign such an
+  agreement, ChemLawn would supply it with the same information
+  being supplied to other potential purchasers. But it said it
+  will not make an exception for Waste Management which would
+  give that company an advantage in the bidding process.
+  
+
diff --git a/reuters/training/4972 b/reuters/training/4972
new file mode 100644
index 0000000000000000000000000000000000000000..ff56b4065d7b65de997bc430efef5eb7abde09dd
--- /dev/null
+++ b/reuters/training/4972
@@ -0,0 +1,13 @@
+GTS CORP <GTSC> 4TH QTR DEC 31 LOSS
+  Shr loss 48 cts vs loss 10 cts
+      Net loss 1,234,000 vs loss 259,000
+      Revs 715,000 vs 1,941,000
+      Year
+      Shr loss 1.26 dlrs vs loss 34 cts
+      Net loss 3,229,000 vs loss 870,000
+      Revs 3,001,000 vs 9,767,000
+      NOTE: 1986 net both periods includes 672,300 dlr writedown
+  of value of seismic laboratory and 165,000 dlr increase in
+  reserve for doubtful accounts.
+  
+
diff --git a/reuters/training/4974 b/reuters/training/4974
new file mode 100644
index 0000000000000000000000000000000000000000..b355725aba9351b8985280238b5001055af91b18
--- /dev/null
+++ b/reuters/training/4974
@@ -0,0 +1,19 @@
+FAIRCHILD INDUSTRIES INC <FEN> 4TH QTR LOSS
+  Oper shr loss 44 cts vs oper loss eight cts
+      Oper net loss 3,158,000 vs profit 2,035,000
+      Rev 166.0 mln vs 162.3 mln
+      Year
+      Oper shr loss 34 cts vs loss 93 cts
+      Oper net profit 7,599,000 vs loss 283,000
+      Rev 643.3 mln vs 576.3 mln
+      NOTE: Per share results after provision for pfd dividends.
+      Fourth qtr earnings exclude loss from discontinued
+  operations of 67.6 mln dlrs, or 4.72 dlrs a share, and a loss
+  of 25.8 mln dlrs, or 1.81 dlrs a share, from tax reverse,
+  versus a gain from discontinued operations of 1.8 mln dlrs, or
+  14 cts a share, in 1985's 4th qtr.
+       1986 oper earnings excludes loss from discontinued
+  operations of 62.5 mln dlrs, or 4.41 dlrs a share, versus a
+  loss of 166.8 mln dlrs, or 12.24 dlrs a share, in 1985.
+  
+
diff --git a/reuters/training/4976 b/reuters/training/4976
new file mode 100644
index 0000000000000000000000000000000000000000..8150153bab5164862cd75144ed531a0ecefe2ab7
--- /dev/null
+++ b/reuters/training/4976
@@ -0,0 +1,9 @@
+SMARTNAMES TO BUY AMERICAN INFORMATION NETWORK
+  SmartNames Inc said it reached
+  an agreement in principle to buy American Information Network.
+      Terms of the agreement were not disclosed.
+      The company said the purchase of American will allow it to
+  meet the needs of a broader range of direct mail industry
+  customers.
+  
+
diff --git a/reuters/training/498 b/reuters/training/498
new file mode 100644
index 0000000000000000000000000000000000000000..876e80092ddb7d8da8c0488ef320530e01731f95
--- /dev/null
+++ b/reuters/training/498
@@ -0,0 +1,10 @@
+UTILICORP <UCU> COMPLETES ACQUISITION
+  UtiliCorp United Inc said it
+  completed the acquisition of West Virginia Power from Dominion
+  Resources for about 21 mln dlrs.
+      The sale was approved by the West Virginia Public Service
+  Commission in January and became effective March one. West
+  Virginia's management will continue to be responsible for
+  operating the utility, it said.
+  
+
diff --git a/reuters/training/4981 b/reuters/training/4981
new file mode 100644
index 0000000000000000000000000000000000000000..390c3f0947c4b82c949cd156a44a4cc54c63f5be
--- /dev/null
+++ b/reuters/training/4981
@@ -0,0 +1,12 @@
+ARCO <ACR> SELLS TWO OPERATIONS
+  Atlantic Richfield Co said it sold
+  its Plan Cell Research Institute unit and its Arco Seed Co
+  operations in two transactions for undisclosed prices.
+      The company said it sold Dublin, Calif.-based Plant Cell
+  Research to <Montedision SpA> of Milan, Italy and ARCO Seed Co
+  to U.F. Genetics of Hollister, Calif.
+      Atlantic Richfield said the divestitures are in line with
+  its policy of focusing resources on oil, gas, chemical and coal
+  operations.
+  
+
diff --git a/reuters/training/4983 b/reuters/training/4983
new file mode 100644
index 0000000000000000000000000000000000000000..894e754b23d10be0446f52e663843dcfc7626475
--- /dev/null
+++ b/reuters/training/4983
@@ -0,0 +1,35 @@
+ECUADOR BEGINS WORK ON OIL PIPELINE TO COLOMBIA
+  Construction workers today began building
+  a 26 km (16 mile) pipeline to link Ecuador's jungle oilfields
+  to a pipeline in Colombia through which Ecuadorean crude could
+  be pumped to the Pacific Coast, Ecuadorean energy minsitry
+  officials said.
+      They said it would take about two months and at least 15
+  mln dlrs to build the pipeline from Lago Agrio in Ecuador to
+  Puerto Colon, Colombia for connection to the Colombian
+  pipeline, which goes to the port of Tumaco on Colombia's
+  Pacific Ocean coast.
+      The Lago Agrio to Puerto Colon pipeline is designed to
+  transport between 30,000 to 50,000 barrels of day (bpd) of
+  Ecuadorean crude to the Colombian pipeline, they said.
+      The Colombian pipeline to Tumaco has ample room for
+  Ecuadorean crude, they said. It is currently transporting about
+  17,000 bpd out of its 100,000 bpd capacity, an Ecuadorean
+  energy ministry official said.
+      The Ecuadorean crude reaching Tumaco will be shipped by
+  boat to Ecuador for refining into oil products to meet domestic
+  demand.
+      The completion of the pipeline would allow Ecuador to
+  resume some of production, paralysed since March six by an 
+  earthquake the night before.
+      The tremor ruptured the country's main pipeline from jungle
+  oilfields to the Ecuadorean port of Balao, on the Pacific
+  Ocean.
+      Ecuador was pumping about 260,000 bpd before the
+  earthquake. It would take about five months to repair the
+  pipeline to Balao, government officials said.
+      Ecuador estimates that it will cost between 145 to 150 mln
+  dlrs to repair oil installations damaged by the earthquake,
+  energy ministry Javier Espinosa said.
+  
+
diff --git a/reuters/training/4987 b/reuters/training/4987
new file mode 100644
index 0000000000000000000000000000000000000000..7bbf43997cc4e938f85a6f3c04c48ae44947b387
--- /dev/null
+++ b/reuters/training/4987
@@ -0,0 +1,14 @@
+DUTCH TRADE FULLY IN BALANCE BUT DOWN IN JANUARY
+  The Netherlands recorded a flat trade
+  balance in January, with both exports and imports totaling 14.2
+  billion guilders, a modestly lower compared with December but
+  sharply down from January last year, an Economics Ministry
+  spokesman said, quoting official statistics.
+      January 1986 exports compared with a December figure of
+  15.0 billion guilders and were 25 pct below last year's level
+  of 18.9 billion.
+      January 1986 imports compared with 15.3 billion guilders in
+  December and fell 18 pct from 17.4 billion in January last
+  year.
+  
+
diff --git a/reuters/training/4988 b/reuters/training/4988
new file mode 100644
index 0000000000000000000000000000000000000000..4851cf31ffc9c24f165a6e35e5a9c29ab167ded8
--- /dev/null
+++ b/reuters/training/4988
@@ -0,0 +1,51 @@
+NUMEROUS FACTORS SAID POINT TO USSR CORN BUYING
+  A greater than anticipated need,
+  competitive prices and political motivations could be sparking
+  Soviet interest in U.S. corn, industry and government officials
+  said.
+      As rumors circulated through grain markets today that the
+  Soviet Union has purchased an additional 1.5 mln tonnes of U.S.
+  corn, industry and government sources noted a number of factors
+  that make Soviet buying of U.S. corn likely.
+      First, there are supply concerns. Some trade sources said
+  recent speculation has been that last year's Soviet grain crop
+  be revised to only 190 mln tonnes, rather than the 210 mln
+  announced, therby increasing the Soviet need for grain.
+      A drop in Argentine corn crop prospects could also affect
+  Soviet corn buying, an Agriculture Department source said.
+      Dry weather in Argentina -- a major corn supplier to the
+  USSR -- and reported crop problems prompted USDA to lower its
+  Argentine 1986/87 corn crop estimate this week to 11.0 mln
+  tonnes, down from 11.5 mln. Argentina corn exports were also
+  cut by 500,000 tonnes to 6.8 mln tonnes.
+      Argentina has already committed four mln tonnes of this
+  year's corn for export, a USDA official said, with two mln
+  tonnes of that booked for April-June delivery to the USSR.
+      "Significant downside potential" still exists for the
+  Argentine crop, the official said, which will decrease the
+  amount of additional corn that country can sell to Moscow.
+      "If the Soviet needs are greater than we have been
+  thinking, then they might need more than what Argentina can
+  provide during the April to June period," he said.
+      Current competitive prices for U.S. corn have also sparked
+  Soviet buying.
+      U.S. corn was reported to be selling on the world market
+  earlier this week for around 71 dlrs per tonne, Argentine corn
+  for 67 dlrs -- a very competitive price spread, U.S. and Soviet
+  sources said.
+      "This price difference makes American corn competitive,"
+  Albert Melnikov, commercial counselor for the Soviet Union,
+  told Reuters.
+      Impending crop problems in Argentina will likely cause
+  those prices to rise, and with the recently strong U.S. corn
+  futures prices, the Soviets might feel corn prices have
+  bottomed and that this is a good time to buy, sources said.
+      Finally, some industry sources said that by buying the
+  minimum amount of corn guaranteed under the U.S./USSR grains
+  agreement (four mln tonnes), the Soviet Union may be hoping to
+  convince the USDA to offer Moscow a subsidy on wheat.
+      In an inteview with Reuters this week, USDA secretary
+  Richard Lyng said that no decision had been made on a wheat
+  subsidy offer, but that such an offer had not been ruled out.
+  
+
diff --git a/reuters/training/4990 b/reuters/training/4990
new file mode 100644
index 0000000000000000000000000000000000000000..c408a158d78e7649a0597a7a011a19aa0512932a
--- /dev/null
+++ b/reuters/training/4990
@@ -0,0 +1,6 @@
+DESOTO INC <DSO> REGULAR DIVIDEND SET
+  Qtly div 35 cts vs 35 cts previously
+      Pay April 17
+      Record March 31
+  
+
diff --git a/reuters/training/4991 b/reuters/training/4991
new file mode 100644
index 0000000000000000000000000000000000000000..cd2ca9afef42263c37e5d931378e163b8deec4ec
--- /dev/null
+++ b/reuters/training/4991
@@ -0,0 +1,7 @@
+METHODE ELECTRONICS INC <METHB> REGULAR PAYOUT
+  Qtly div Class B 1-1/2 cts vs 1-1/2 cts prior
+      Class A two cts vs two cts prior
+      Pay April 30
+      Record April 15
+  
+
diff --git a/reuters/training/4993 b/reuters/training/4993
new file mode 100644
index 0000000000000000000000000000000000000000..2802ab081b439a152566e618da01b451c3709139
--- /dev/null
+++ b/reuters/training/4993
@@ -0,0 +1,14 @@
+BRAZIL INDUSTRIAL GROWTH RATE SLOWED IN JANUARY
+  The growth rate of Brazilian
+  industrial output slowed in January to 6.09 pct above the same
+  1986 month after rising 6.71 pct in December, Brazilian
+  Geography and Statistics Institute figures show.
+      The result is in line with the declining trend in the
+  growth rate since October, the Institute said.
+      In the 12 months to end-January industrial production was
+  10.48 pct above the 12 months to end-January last year while in
+  calendar 1986 output was 10.89 pct above 1985.
+      The biggest output rises in the 12 months to end-January
+  were 23.68 pct in pharmaceuticals and 22.12 pct in machinery.
+  
+
diff --git a/reuters/training/4998 b/reuters/training/4998
new file mode 100644
index 0000000000000000000000000000000000000000..5bf9e7525bbc684ebeadc77092c413af24f83eb7
--- /dev/null
+++ b/reuters/training/4998
@@ -0,0 +1,6 @@
+GENERAL CINEMA CORP <GCN> COMMON STOCK DIVIDEND
+  Qtly div 15 cts vs 15 cts prior
+      Pay April 30
+      Recrod April nine
+  
+
diff --git a/reuters/training/4999 b/reuters/training/4999
new file mode 100644
index 0000000000000000000000000000000000000000..84e0fb1ec39b1aa2748711a96dc9baeb6627442c
--- /dev/null
+++ b/reuters/training/4999
@@ -0,0 +1,6 @@
+STEPHAN CO <FTC> YEAR NET
+  Shr 25 cts vs 18 cts
+      Net 109,131 vs 75,793
+      Revs 1,811,636 vs 1,280,618
+  
+
diff --git a/reuters/training/5 b/reuters/training/5
new file mode 100644
index 0000000000000000000000000000000000000000..d9b3b1f28a903c379d1b5564743cf50182716fe4
--- /dev/null
+++ b/reuters/training/5
@@ -0,0 +1,28 @@
+NATIONAL AVERAGE PRICES FOR FARMER-OWNED RESERVE
+  The U.S. Agriculture Department
+  reported the farmer-owned reserve national five-day average
+  price through February 25 as follows (Dlrs/Bu-Sorghum Cwt) -
+           Natl   Loan           Release   Call
+           Avge   Rate-X  Level    Price  Price
+   Wheat   2.55   2.40       IV     4.65     --
+                              V     4.65     --
+                             VI     4.45     --
+   Corn    1.35   1.92       IV     3.15   3.15
+                              V     3.25     --
+   X - 1986 Rates.
+  
+            Natl   Loan          Release   Call
+            Avge   Rate-X  Level   Price  Price
+   Oats     1.24   0.99        V    1.65    -- 
+   Barley   n.a.   1.56       IV    2.55   2.55
+                               V    2.65    -- 
+   Sorghum  2.34   3.25-Y     IV    5.36   5.36
+                               V    5.54    -- 
+      Reserves I, II and III have matured. Level IV reflects
+  grain entered after Oct 6, 1981 for feedgrain and after July
+  23, 1981 for wheat. Level V wheat/barley after 5/14/82,
+  corn/sorghum after 7/1/82. Level VI covers wheat entered after
+  January 19, 1984.  X-1986 rates. Y-dlrs per CWT (100 lbs).
+  n.a.-not available.
+  
+
diff --git a/reuters/training/50 b/reuters/training/50
new file mode 100644
index 0000000000000000000000000000000000000000..dfd7459370aa006b0fd71ab027a100bc0ff85054
--- /dev/null
+++ b/reuters/training/50
@@ -0,0 +1,7 @@
+AMERICA FIRST MORTGAGE SETS SPECIAL PAYOUT
+  <America First Federally Guaranteed
+  Mortgage Fund Two> said it is making a special distribution of
+  71.6 cts per exchangeable unit, which includes 67.62 cts from
+  return on capital and 3.98 cts from income gains.
+  
+
diff --git a/reuters/training/5001 b/reuters/training/5001
new file mode 100644
index 0000000000000000000000000000000000000000..a9560017b371d88dbee66f56a4fd2f595b9d99ff
--- /dev/null
+++ b/reuters/training/5001
@@ -0,0 +1,11 @@
+PLM <PLMA> UNIT ENDS MERGER TALKS
+  PLM Cos Inc said its PLM Power Co
+  unit broke off merger discussions with Sunlaw Energy Corp of
+  Beverly Hills, Calif.
+      In January PLM Power entered into a letter of intent to
+  negotiate a potential acquisition of Sunlaw, subject to
+  substantial due diligence, the company said.
+      But it also said the two companies were not able to agree
+  on mutually satisfactory final terms and conditions.
+  
+
diff --git a/reuters/training/5002 b/reuters/training/5002
new file mode 100644
index 0000000000000000000000000000000000000000..4931026253af58dcf53ca1b35b43c50ccd8479a4
--- /dev/null
+++ b/reuters/training/5002
@@ -0,0 +1,11 @@
+COLOMBIA OPENS APRIL/MAY COFFEE REGISTRATIONS
+  Colombia opened coffee export
+  registrations for April and May with the National Coffee
+  Growers' Federation setting no limit, Gilberto Arango,
+  president of the private exporters' association, said.
+      He told Reuters the decision not to put any limit responded
+  to "new factors" which have emerged from recent International
+  Coffee Organisation talks in London, where producers and
+  consumers failed to agree on a re-introduction of export quotas.
+  
+
diff --git a/reuters/training/5003 b/reuters/training/5003
new file mode 100644
index 0000000000000000000000000000000000000000..02a1012f2b470b9b55926f60944b3f18562d21e6
--- /dev/null
+++ b/reuters/training/5003
@@ -0,0 +1,33 @@
+USDA REPORTS 10.572 MLN ACRES IN CONSERVATION
+  The U.S. Agriculture Department has
+  accepted 10,572,402 more acres of highly erodable cropland into
+  the Conservation Reserve Program, USDA announced.
+      In the latest signup, farmers on 101,020 farms submitted
+  bids on a total of 11,254,837 acres.
+      The accepted bids for annual rental payments ranged up to
+  90 dlrs per acre with an average of 51.17 dlrs per acre.
+      Land entered into the Conservation Reserve Program will be
+  ineligible for farming for ten years and must be planted with
+  permanent vegetative cover.
+      Producers enrolled 1,894,764 acres of corn base acreage in
+  the conservation program to take advantage of a corn "bonus"
+  rental payment that was offered by USDA.
+      The corn bonus, to be paid in generic comodity
+  certificates, amounts to two dlrs per bushel, based on the ASCS
+  program payment yield for corn, for each acre of corn based
+  accepted into the reserve.
+      The state showing the biggest enrollment in the
+  conservation program during this signup was Texas with
+  approximately 1.225 mln acres, followed by Iowa with 1.030 mln
+  acres, Minnesota with 890,000 acres, Montana 875,000 acres, and
+  Kansas with 842,000 acres.
+      Other states showing big enrollment were Missouri with
+  646,000 acres, North Dakota with 588,000 acres, and Nebraska
+  with 554,000 acres.
+      In the corn belt states of Illinois and Indiana, 217,000
+  acres and 116,000 acres respectively were enrolled.
+      Farm land signed up to date in the conservation program
+  totals 19,488,587 acres. Bids on the previous signups ranged up
+  to 90 dlrs per acre with an average of 45.52 dlrs.
+  
+
diff --git a/reuters/training/5009 b/reuters/training/5009
new file mode 100644
index 0000000000000000000000000000000000000000..7c4a1107ce2be2841413332d22e1f29327871669
--- /dev/null
+++ b/reuters/training/5009
@@ -0,0 +1,16 @@
+U.S. MEAT GROUP TO FILE TRADE COMPLAINTS
+  The American Meat Institute, AME,
+  said it intended to ask the U.S. government to retaliate
+  against a European Community meat inspection requirement.
+      AME President C. Manly Molpus also said the industry would
+  file a petition challenging Korea's ban of U.S. meat products.
+      Molpus told a Senate Agriculture subcommittee that AME and
+  other livestock and farm groups intended to file a petition
+  under Section 301 of the General Agreement on Tariffs and Trade
+  against an EC directive that, effective April 30, will require
+  U.S. meat processing plants to comply fully with EC standards.
+      The meat industry will seek to have the U.S. government
+  retaliate against EC and Korean exports if their complaints are
+  upheld.
+  
+
diff --git a/reuters/training/501 b/reuters/training/501
new file mode 100644
index 0000000000000000000000000000000000000000..d60055f0c80bd3e3f000bea0068400024e92acf4
--- /dev/null
+++ b/reuters/training/501
@@ -0,0 +1,27 @@
+TRADERS DETAIL FRENCH CEREAL EXPORT REQUESTS
+  French operators last Friday requested
+  licences to export 10,500 tonnes of free market maize, 11,950
+  tonnes of free market barley and 13,000 of soft wheat flour to
+  non-EC countries, at prefixed daily (droit commun) rebates,
+  French trade sources said.
+      The latest requests for the maize were for export to
+  Switzerland, Austria and Lichtenstein at a maximum daily rebate
+  prefixed last Friday at 141 Ecus a tonne against a previous 20
+  Ecu daily rebate.
+      The special daily rebate for maize was set in the context
+  of a Commission commitment to grant this season rebates for the
+  export of 500,000 tonnes of French maize to non-EC countries,
+  in compensation for concessions to the U.S. in the recent
+  dispute over grain sales to Spain.
+      If the latest French requests are accepted as expected,
+  this will bring the total of French maize exported in this
+  context to 25,500 tonnes.
+      The Commission last Thursday granted weekly rebates for the
+  sale of 15,000 tonnes of free market maize to non-EC countries.
+      Requests for barley were for export to Switzerland, Austria
+  and Lichtenstein, Ceuta and Melilla at an unchanged pre-fixed
+  restitution of 125 Ecus a tonne, while requests for soft wheat
+  flour were for export to various non-EC countries at an
+  unchanged 178 Ecus a tonne.
+  
+
diff --git a/reuters/training/5012 b/reuters/training/5012
new file mode 100644
index 0000000000000000000000000000000000000000..c47cecf7fa433979ab829ca1882e44c3faf42525
--- /dev/null
+++ b/reuters/training/5012
@@ -0,0 +1,6 @@
+MET-PRO CORP <MPR> TO PAY REGULAR DIVIDEND
+  Qtrly 15 cts vs 15 cts prior
+      Pay May Eight
+      Record April 24
+  
+
diff --git a/reuters/training/5013 b/reuters/training/5013
new file mode 100644
index 0000000000000000000000000000000000000000..b8b2b66b4065aa8063ac4c75ca5cc4e7169e42d7
--- /dev/null
+++ b/reuters/training/5013
@@ -0,0 +1,6 @@
+AILEEN INC <AEE> 1SR QTR JAN 31 LOSS
+  Shr loss 30 cts vs loss 20 cts
+      Net loss 1,553,000 vs loss 1,031,000
+      Revs 10.0 mln vs 8,696,000
+  
+
diff --git a/reuters/training/5015 b/reuters/training/5015
new file mode 100644
index 0000000000000000000000000000000000000000..c95e695281bddb0b4e46e5510fcaca8c08ff6024
--- /dev/null
+++ b/reuters/training/5015
@@ -0,0 +1,12 @@
+WOLVERINE WORLD WIDE INC <WWW> 4TH QTR LOSS
+  Shr loss six cts vs profit 55 cts
+      Net loss 414,000 vs profit 3,936,000
+      Sales 109.4 mln vs 126.8 mln
+      Year
+      Shr loss 1.75 dlrs vs profit 55 cts
+      Net loss 12,589,000 vs profit 3,965,000
+      Sales 341.7 mln vs 389.5 mln
+      NOTE: Year results include 14.0 mln dlr restructuring
+  charge in 2nd Qtr of 1986
+  
+
diff --git a/reuters/training/5017 b/reuters/training/5017
new file mode 100644
index 0000000000000000000000000000000000000000..cfd507482b40b7d4c75a5336521de8542d205fb3
--- /dev/null
+++ b/reuters/training/5017
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 122,000 TONNES CORN  SOLD TO MEXICO FOR 1986/87
+
+  U.S. EXPORTERS REPORT 122,000 TONNES CORN  SOLD TO MEXICO FOR 1986/87
+  
+
diff --git a/reuters/training/5018 b/reuters/training/5018
new file mode 100644
index 0000000000000000000000000000000000000000..3d896f90e5536f80ad24a4a01c14ec329cd07a88
--- /dev/null
+++ b/reuters/training/5018
@@ -0,0 +1,7 @@
+HURCO COMPANIES INC <HURC> FIRST QTR NET
+  Shr profit three cts vs loss 18 cts
+      Net profit 124,000 vs loss 370,000
+      Rev 11.3 mln vs 11.7 mln
+      Avg shares 3,673,000 vs 2,368,000
+  
+
diff --git a/reuters/training/502 b/reuters/training/502
new file mode 100644
index 0000000000000000000000000000000000000000..4392f285191815c2b76bbbeb39f72dece7671e21
--- /dev/null
+++ b/reuters/training/502
@@ -0,0 +1,24 @@
+STUDY GROUP URGES INCREASED U.S. OIL RESERVES
+  A study group said the United States
+  should increase its strategic petroleum reserve to one mln
+  barrels as one way to deal with the present and future impact
+  of low oil prices on the domestic oil industry.
+      U.S. policy now is to raise the strategic reserve to 750
+  mln barrels, from its present 500 mln, to help protect the
+  economy from an overseas embargo or a sharp price rise.
+      The Aspen Institute for Humanistic Studies, a private
+  group, also called for new research for oil exploration and
+  development techniques.
+      It predicted prices would remain at about 15-18 dlrs a
+  barrel for several years and then rise to the mid 20s, with
+  imports at about 30 pct of U.S. consumption.
+      The study cited two basic policy paths for the nation: to
+  protect the U.S. industry through an import fee or other such
+  device or to accept the full economic benefits of cheap oil.
+      But the group did not strongly back either option, saying
+  there were benefits and drawbacks to both.
+      It said instead that such moves as increasing oil reserves
+  and more exploration and development research would help to
+  guard against or mitigate the risks of increased imports.
+  
+
diff --git a/reuters/training/5020 b/reuters/training/5020
new file mode 100644
index 0000000000000000000000000000000000000000..e5bb9ea068df5f7086da9979805ee87cfccbdc05
--- /dev/null
+++ b/reuters/training/5020
@@ -0,0 +1,14 @@
+MAXTOR <MXTR> AGREES TO ACQUIRE U.S. DESIGN
+  Maxtor Corp and U.S. Design
+  Corp <USDC>, said they reached definitive agreement covering
+  the acquisition of U.S. Design by Maxtor.
+      They said the arrangement, which is subject to a number of
+  conditions including U.S. Design shareholder approval, calls
+  for Maxtor to issue 12 mln dlrs worth of its own common stock
+  in exchange for all of U.S. Design.
+      The number of Maxtor shares to be issued will be determined
+  by the average closing price of Maxtor stock over the 10
+  trading day period prior to the day the acquisition becomes
+  effective, the companies also said.
+  
+
diff --git a/reuters/training/5021 b/reuters/training/5021
new file mode 100644
index 0000000000000000000000000000000000000000..76b40c636084e98f4094089806c23ca79d021082
--- /dev/null
+++ b/reuters/training/5021
@@ -0,0 +1,6 @@
+SHARED MEDICAL SYSTEMS CORP <SMED> SETS PAYOUT
+  Qtly div 18 cts vs 18 cts prior
+      Pay April 15
+      Record March 31
+  
+
diff --git a/reuters/training/5029 b/reuters/training/5029
new file mode 100644
index 0000000000000000000000000000000000000000..11e9da1cb2565cdf8398eaa3a56897c59c72a37f
--- /dev/null
+++ b/reuters/training/5029
@@ -0,0 +1,11 @@
+WEIGH-TRONIX INC <WGHT> 4TH QTR NET
+  Shr 18 cts vs 16 cts
+      Net 348,298 vs 308,927
+      Sales 4,166,750 vs 3,740,970
+      Year
+      Shr 72 cts vs 52 cts
+      Net 1,409,867 vs 1,020,096
+      Sales 16.5 mln vs 15.0 mln
+      Avg shrs 1,974,529 vs 1,956,214
+  
+
diff --git a/reuters/training/5031 b/reuters/training/5031
new file mode 100644
index 0000000000000000000000000000000000000000..5b33bbe3c63ed2c6164b60667fddffeee70bc6eb
--- /dev/null
+++ b/reuters/training/5031
@@ -0,0 +1,13 @@
+U.S. MEAT GROUP TO FILE TRADE COMPLAINTS
+  The American Meat Institute, AME,
+  said it intended to ask the U.S. government to retaliate
+  against a European Community meat inspection requirement.
+      AME President C. Manly Molpus also said the industry would
+  file a petition challenging Korea's ban of U.S. meat products.
+      Molpus told a Senate Agriculture subcommittee that AME and
+  other livestock and farm groups intended to file a petition
+  under Section 301 of the General Agreement on Tariffs and Trade
+  against an EC directive that, effective April 30, will require
+  U.S. meat processing plants to comply fully with EC standards.
+  
+
diff --git a/reuters/training/5033 b/reuters/training/5033
new file mode 100644
index 0000000000000000000000000000000000000000..7d053c9fb6c4009e5ee8b80e17bc5724f3e47b7a
--- /dev/null
+++ b/reuters/training/5033
@@ -0,0 +1,21 @@
+CBT TRADERS SAY U.S. CONSERVATION SIGNUP NEUTRAL
+  The 11,254,837 acres of highly erodable
+  farmland submitted to the U.S. Department of Agriculture for
+  the conservation reserve program was within trade guesses of
+  10-12 mln and should have an overall neutral impact on grain
+  and soybean prices Monday, grain traders said.
+      Farmers enrolled 1,894,764 acres of corn base acreage in
+  the conservation program to take advantage of a corn bonus
+  rental payment that was offered by the USDA, which may underpin
+  new crop futures, they said.
+      New crop corn prices firmed earlier this week on ideas of a
+  large sign-up in the program. But traders noted that the poor
+  yielding acres being set-aside will result in only a modest
+  decrease in final production figures, since farmers will
+  concentrate on high yielding land.
+      Of a total 11,254,837 erodoble acres submitted, usda
+  accepted 10,572,402 acres into the program at an average rental
+  payment of 51.17 dlrs per acre.
+      Farm land signed up to date now totals 19,488,587 acres.
+  
+
diff --git a/reuters/training/5034 b/reuters/training/5034
new file mode 100644
index 0000000000000000000000000000000000000000..3bb01806f80230cd77ea061e25f2e42865848c15
--- /dev/null
+++ b/reuters/training/5034
@@ -0,0 +1,12 @@
+MONARCH AVALON INC <MAHI> 3RD QTR JAN 31 LOSS
+  Shr loss 11 cts vs profit four cts
+      Net loss 199,000 vs profit 81,000
+      Rev 1.9 mln vs 2.5 mln
+      Nine months
+      Shr loss 14 cts vs profit 15 cts
+      Net loss 261,000 vs profit 273,000
+      Rev 6.4 mln vs 7.6 mln
+      NOTE: Per share information adjusted for three-for-two
+  stock split on January 31, 1986.
+  
+
diff --git a/reuters/training/5037 b/reuters/training/5037
new file mode 100644
index 0000000000000000000000000000000000000000..accfc9b67a9027fc96a7fbb9bcf2a09084ad6264
--- /dev/null
+++ b/reuters/training/5037
@@ -0,0 +1,15 @@
+U.S. PRODUCER ENERGY PRICES RISE IN FEBRUARY
+  Prices of wholesale finished energy
+  goods in the U.S. rose 4.0 pct in February after a 9.8 pct rise
+  in January, the Labor Department said.
+      The Producer Price Index for finished energy goods fell by
+  20.9 pct in the past 12 months.
+      Heating oil prices rose 3.0 pct in February after a 18.0
+  pct rise in January, the department said.
+      Gasoline prices rose by 5.5 pct last month after a 15.7
+  pct January rise, the department said. Natural gas prices rose
+  1.8 pct after a 4.2 pct rise in January.
+      Crude oil prices rose 4.4 pct in February, after a 19.7 pct
+  January rise and were off 21.3 pct from the year ago level.
+  
+
diff --git a/reuters/training/504 b/reuters/training/504
new file mode 100644
index 0000000000000000000000000000000000000000..0641467a82872e33fb707ecfbd679b9a83ce4875
--- /dev/null
+++ b/reuters/training/504
@@ -0,0 +1,24 @@
+CARBIDE <UK> LOOKS TO ACQUISITIONS FOR GROWTH
+  Union Carbide Corp is looking to
+  acquisitions and joint ventures to aid its chemicals and
+  plastics growth, according the H.W. Lichtenberger, president of
+  Chemicals and Plastics.
+      Describing this as a major departure in the company's
+  approach to commercial development, he told the annual new
+  business forum of the Commercial Development Association "We
+  are looking to acquisitions and joint ventures when they look
+  like the fastest and most promising routes to the growth
+  markets we've identified."
+      Not very long ago Union Carbide had the attitude "that if
+  we couldn't do it ourselves, it wasn't worth doing. Or, if it
+  was worth doing, we had to go it alone," Lichtenberger
+  explained.
+      He said "there are times when exploiting a profitable
+  market is done best with a partner. Nor do we see any need to
+  plow resources into a technology we may not have if we can link
+  up profitably with someone who is already there."
+      He said Carbide has extended its catalyst business that way
+  and is now extending its specialty chemicals business in the
+  same way.
+  
+
diff --git a/reuters/training/5040 b/reuters/training/5040
new file mode 100644
index 0000000000000000000000000000000000000000..42f138c669d48822b313f98b91aa884e94981255
--- /dev/null
+++ b/reuters/training/5040
@@ -0,0 +1,17 @@
+U.S. COTTON CERTIFICATE EXPIRATION DATE EXTENDED
+  Expiration dates on upland cotton
+  certificates issued under the 1986 upland cotton program are
+  being extended, the Agriculture Department announced.
+      The certificates are being extended because of a shortage
+  of Commodity Credit Corporation inventory available for
+  exchange with certificates, USDA undersecretary Danial Amstutz
+  said.
+      Presently, upland cotton commodity certificates expire nine
+  months from the last day of the month of issuance.
+      Under the new procedure, all current outstanding and all
+  new upland cotton certificates issued under the 1986 upland
+  cotton program will have an expiration date of either February
+  29, 1988, or nine months from the last day of the month in
+  which the certificate is issued, whichever is later.
+  
+
diff --git a/reuters/training/5042 b/reuters/training/5042
new file mode 100644
index 0000000000000000000000000000000000000000..cc43870b48aae6301c12e64aafb5d7f0c0cde597
--- /dev/null
+++ b/reuters/training/5042
@@ -0,0 +1,11 @@
+BNL ANNOUNCES NET 1986 PROFITS IN BANK SECTOR
+  State-owned <Banca Nazionale del Lavoro
+  BNL> said 1986 profits for its banking activities equalled 155
+  billion lire against 146 billion lire in 1985.
+      Consolidated 1986 results for BNL, which also has interests
+  in tourism, public works, industrial credit and other sectors,
+  are expected to be announced later this year.
+      The results for the banking sector are to be presented at a
+  shareholders meeting scheduled for April 29.
+  
+
diff --git a/reuters/training/5043 b/reuters/training/5043
new file mode 100644
index 0000000000000000000000000000000000000000..6389967a29767ea82d1d068b8fc1630e9b153489
--- /dev/null
+++ b/reuters/training/5043
@@ -0,0 +1,13 @@
+APPLIED DNA SYSTEMS INC <ADNA> 4TH QTR LOSS
+  Shr loss one ct vs nil
+      Net loss 148,007 vs loss 58,863
+      Revs 198,919 vs 133,071
+      Avg shrs 7,476,433 vs 6,633,989
+      Year
+      Shr loss three cts vs loss six cts
+      Net loss 230,949 vs 424,719
+      Revs 666,626 vs 509,971
+      NOTE: Amounts include losses of a 50 pct owned scientific
+  development affiliate, Analytical Biosystems Corp.
+  
+
diff --git a/reuters/training/5044 b/reuters/training/5044
new file mode 100644
index 0000000000000000000000000000000000000000..7baa977f6da9e0c4a7a587114eda694e6bd8f627
--- /dev/null
+++ b/reuters/training/5044
@@ -0,0 +1,13 @@
+OILMAN HAS 8.7 PCT OF QED EXPLORATION <QEDX>
+  Kansas oilman Nicholas Powell told
+  the Securities and Exchange Commission he has acquired 195,000
+  shares of QED Exploration Inc, or 8.7 pct of the total
+  outstanding common stock.
+      Powell, who heads Prairie Resources Corp and Mack C. Colt
+  Inc, both Kansas oil and gas exploration companies, said he
+  bought the stock for investment purposes.
+      Powell, who said he has already spent 609,831 dlrs on his
+  QED stock, said he plans to buy more shares as long as he
+  considers them to be undervalued.
+  
+
diff --git a/reuters/training/5046 b/reuters/training/5046
new file mode 100644
index 0000000000000000000000000000000000000000..89eda7d76c14476e7864b42cf35f671f91d6eb43
--- /dev/null
+++ b/reuters/training/5046
@@ -0,0 +1,5 @@
+JOHN LABATT LTD 3RD QTR SHR DILUTED 32 CTS VS 30 CTS
+
+  JOHN LABATT LTD 3RD QTR SHR DILUTED 32 CTS VS 30 CTS
+  
+
diff --git a/reuters/training/5048 b/reuters/training/5048
new file mode 100644
index 0000000000000000000000000000000000000000..4a5cd7e46e0cdd0cfc9b114356163afcf4cdba3e
--- /dev/null
+++ b/reuters/training/5048
@@ -0,0 +1,8 @@
+LIFESTYLE RESTAURANTS INC <LIF> 1ST QTR JAN 24
+  Shr loss 31 cts vs loss eight cts
+      Net loss 1,780,000 vs loss 449,000
+      Revs 13.9 mln vs 17.8 mln
+      NOTE: Current 1st qtr loss included a gain of 870,000 dlrs
+  and 70,000 dlrs from the sale of restaurant leases.
+  
+
diff --git a/reuters/training/505 b/reuters/training/505
new file mode 100644
index 0000000000000000000000000000000000000000..b59d9a35b11b01ee43cb005763ca7ee42c6ee0c5
--- /dev/null
+++ b/reuters/training/505
@@ -0,0 +1,15 @@
+CORRECTED - BANKAMERICA NEGOTIATING SALE OF UNITS
+  Bank of America NT and SA's
+  <BAC.N> West German branch said it is negotiating the sale of
+  Bankhaus Centrale Credit AG, a small local West German bank it
+  acquired in 1965, and of its West German Visa credit card
+  operation.
+      Michael Seibel, Bank of America vice-president and regional
+  manager, said the negotiations were proceeding well. He
+  declined to give further details.
+      Bank of America's West German branch lost some 32 mln marks
+  in 1985. The result includes profit and loss transfers from
+  Bankhaus Centrale Credit and the Visa organisation. The sale of
+  the units is part of the bank's worldwide restructuring plan.
+  
+
diff --git a/reuters/training/5050 b/reuters/training/5050
new file mode 100644
index 0000000000000000000000000000000000000000..74b796e23976c712efdf7390fe6760a87dcc710e
--- /dev/null
+++ b/reuters/training/5050
@@ -0,0 +1,10 @@
+SIERRA HEALTH SERVICES INC <SIE> 4TH QTR LOSS
+  Shr loss 52 cts vs profit six cts
+      Net loss 2,943,000 vs profit 334,000
+      Revs 33.5 mln vs 18.5 mln
+      Year
+      Shr loss 1.57 dlrs vs profit 16 cts
+      Net loss 8,781,000 vs profit 792,000
+      Revs 116.0 mln vs 56.5 mln
+  
+
diff --git a/reuters/training/5051 b/reuters/training/5051
new file mode 100644
index 0000000000000000000000000000000000000000..2e76904888d4b1046e81d29ec21d37e445a1ddab
--- /dev/null
+++ b/reuters/training/5051
@@ -0,0 +1,10 @@
+FIRECOM INC <FRCM> 3RD QTR JAN 31 LOSS
+  Shr loss two cts vs profit two cts
+      Net loss 104,874 vs profit 90,470
+      Sales 3,154,673 vs 1,666,313
+      Nine mths
+      Shr loss one cent vs profit four cts
+      Net loss 39,169 vs profit 159,784
+      Sales 8,250,003 vs 4,665,553
+  
+
diff --git a/reuters/training/5052 b/reuters/training/5052
new file mode 100644
index 0000000000000000000000000000000000000000..a20143e8f5d0c7dc57bd2fdd090b1ad41d67f330
--- /dev/null
+++ b/reuters/training/5052
@@ -0,0 +1,14 @@
+BRAZIL INDUSTRIAL PRODUCTION SLOWED IN JANUARY
+  Industrial output in January was
+  6.09 pct above the same 1986 month after rising 6.71 pct in
+  December, Brazilian Geography and Statistics Institute figures
+  show.
+      The result is in line with the declining trend in the
+  growth rate since October, the Institute said.
+      In the 12 months to end-January industrial production was
+  10.48 pct above the 12 months to end-January last year, while
+  in calendar 1986 output was 10.89 pct above 1985.
+      The biggest output rises in the 12 months to end-January
+  were 23.68 pct in pharmaceuticals and 22.12 pct in machinery.
+  
+
diff --git a/reuters/training/5053 b/reuters/training/5053
new file mode 100644
index 0000000000000000000000000000000000000000..ed0d40ee251afc40ee8e21e98a4563e0975f1972
--- /dev/null
+++ b/reuters/training/5053
@@ -0,0 +1,8 @@
+WHEELING AND LAKE ERIE RAILWAY CO <WLE> DIV
+  Qtly div 1.4375 dlrs vs 1.4375 dlrs
+      Pay May 1  
+      Record April 3     
+      Note: Dividend paid to all shareholders other than Norfolk
+  Southern Corp's <NSC> Norfolk and Western Railway Co.
+  
+
diff --git a/reuters/training/5054 b/reuters/training/5054
new file mode 100644
index 0000000000000000000000000000000000000000..3522ad79868a74bdcd7c8b1ad23638c6b4a66322
--- /dev/null
+++ b/reuters/training/5054
@@ -0,0 +1,6 @@
+GENERAL CINEMA CORP <GCN> CLASS B DIVIDEND
+  Qtly div class B 13.5 cts vs 13.5 cts
+      Pay April 30
+      Record April 9   
+  
+
diff --git a/reuters/training/5055 b/reuters/training/5055
new file mode 100644
index 0000000000000000000000000000000000000000..add96c88d9329de602742c90c0cd8a2aa1cd1c4b
--- /dev/null
+++ b/reuters/training/5055
@@ -0,0 +1,13 @@
+<JOHN LABATT LTD> 3RD QTR JAN 31 NET
+  Shr 36 cts vs 31 cts
+      Shr diluted 32 cts vs 30 cts
+      Net 26,158,000 vs 21,798,000
+      Revs 1.05 billion vs 844.2 mln
+      Nine mths
+      Shr 1.28 dlrs vs 1.22 dlrs
+      Shr diluted 1.15 dlrs vs 1.08 dlrs
+      Net 92,779,000 vs 77,971,000
+      Revs 3.16 billion vs 2.70 billion
+      Avg shrs 72.4 mln vs 64.0 mln
+  
+
diff --git a/reuters/training/5056 b/reuters/training/5056
new file mode 100644
index 0000000000000000000000000000000000000000..d4cc7e37018f76a5f56f3e6ff82be5fc02bc4c79
--- /dev/null
+++ b/reuters/training/5056
@@ -0,0 +1,15 @@
+SUDAN RECEIVES 50 MLN DLRS IN PL480 AUTHORITY
+  Authorizations to purchase 50 mln
+  dlrs worth of U.S. wheat and wheat flour under Public Law 480
+  were issued to Sudan today, the Agriculture Department said.
+      The authorization provides for 34 mln dlrs -- about 309,000
+  tonnes -- worth of wheat, grade U.S. number two or better
+  (except durum which shall be number three or better).
+      It also provides for 16 mln dlrs -- about 73,000 tonnes --
+  worth of wheat flour.
+      The contracting period for both commodities is March 20
+  through August 31, 1987. The delivery period for wheat is March
+  20 through September 30, 1987 and for wheat flour is April 10
+  through SEptember 30, 1987, USDA said.
+  
+
diff --git a/reuters/training/5057 b/reuters/training/5057
new file mode 100644
index 0000000000000000000000000000000000000000..819ca055ab19e690d20e19f076907ddaa90fdf20
--- /dev/null
+++ b/reuters/training/5057
@@ -0,0 +1,44 @@
+TRADE BILL TO CHANGE AGRICULTURE TRADE LAWS
+  The House Ways and Means Committee
+  is moving toward passage of a trade bill that sponsors said was
+  intended to help open foreign markets to U.S. agricultural
+  goods and to modify some U.S. agricultural trade laws.
+      The trade subcommittee voted to require President Reagan to
+  take into account the potential harm to U.S. agricultural
+  exports of any trade retaliation he might impose for foreign
+  unfair trade practices against other domestic industries.
+      The bill would allow U.S. agricultural producers to seek
+  government monitoring of imports if there is a reasonable
+  chance the industry would be harmed by an import surge.
+      The full Ways and Means Committee is to consider the bill
+  next week and congressional sources said they expect it will be
+  approved.
+       In investigations involving a processed agricultural
+  product, trade associations of processors or producers would
+  have to petition for relief from foreign dumping or unfair
+  duties.
+       The bill sets out U.S. trade negotiating objectives for
+  the Uruguay round of talks under the General Agreement on
+  Tariffs and Trade. It would seek fair trade in agriculture,
+  seek to discipline restrictive or trade distorting import and
+  export practices, to eliminate tariffs, subsidies, quotas and
+  non-tariff barriers.
+       President Reagan's authority to negotiate a new GATT
+  agreement would be extended through January 1993 and authority
+  to negotiate a free trade zone with Canada would be extended
+  through January 3, 1991.
+      The bill extends Reagan's authority to negotiate an
+  international coffee agreement through October 31, 1989.
+      It allows a refund of import duties paid on raw sugar
+  imported from November 1, 1977 to March 31, 1985 for production
+  of sugar or products containing sugar and destined for
+  re-export. The export of the sugar or products must occur
+  before Octoer 1, 1991.
+      Presently, to qualify for the refund the sugar must be
+  processed within three years after import and exported within
+  five years.
+      Agriculture would also benefit from more rapid decisions in
+  complaints of unfair foreign trade practices or injury from
+  imports.
+  
+
diff --git a/reuters/training/5058 b/reuters/training/5058
new file mode 100644
index 0000000000000000000000000000000000000000..003b7117abf033e41fd9dfc6318bbb9a9bb96a92
--- /dev/null
+++ b/reuters/training/5058
@@ -0,0 +1,11 @@
+AMERICAN CITY <AMBJ> SETS INITIAL PREFERRED DIV
+  American City Business
+  Journals Inc said it declared an initial dividend of 15.4 cts a
+  share on its recent issue of 1.6 mln shares of convertible
+  exchangeable preferred stock.
+      The dividend is payable March 31 to shareholders of record
+  March 20, American City said, adding that future dividends will
+  be paid on a quarterly basis.
+      The preferred stock was issued on February 23.
+  
+
diff --git a/reuters/training/5059 b/reuters/training/5059
new file mode 100644
index 0000000000000000000000000000000000000000..bb32b6c3445224a4008edfecb782536dba8247ff
--- /dev/null
+++ b/reuters/training/5059
@@ -0,0 +1,5 @@
+U.S. BUSINESS LOANS RISE 377 MLN DLRS IN MARCH 4 WEEK, FED SAYS
+
+  U.S. BUSINESS LOANS RISE 377 MLN DLRS IN MARCH 4 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/506 b/reuters/training/506
new file mode 100644
index 0000000000000000000000000000000000000000..94abbd7aafc5594593b4898131acf32705df661a
--- /dev/null
+++ b/reuters/training/506
@@ -0,0 +1,6 @@
+<FRANKLIN GOLD FUND> CUTS DIVIDEND
+  Semi div 13 cts vs 18 cts prior
+      Pay March 13
+      Record March Two
+  
+
diff --git a/reuters/training/5060 b/reuters/training/5060
new file mode 100644
index 0000000000000000000000000000000000000000..61370696d9b478d680d36be5778b151acf0a3bac
--- /dev/null
+++ b/reuters/training/5060
@@ -0,0 +1,9 @@
+U.S. BUSINESS LOANS RISE 377 MLN DLRS
+  Business loans on the books of major
+  U.S. banks, excluding acceptances, rose 377 mln dlrs to 279.085
+  billion dlrs in the week ended March 4, the Federal Reserve
+  Board said.
+      The Fed said that business loans including acceptances
+  increased 484 mln dlrs to 281.546 billion dlrs.
+  
+
diff --git a/reuters/training/5061 b/reuters/training/5061
new file mode 100644
index 0000000000000000000000000000000000000000..18b1ae44ae908380b78ed2019dd55c66fc2b51e5
--- /dev/null
+++ b/reuters/training/5061
@@ -0,0 +1,35 @@
+U.S. PRODUCER ENERGY PRICES RISE IN FEBRUARY
+  Prices of wholesale finished energy
+  goods in the United States were up in February, rising by 4.0
+  pct after a 9.8 pct rise in January, the Labor Department said.
+      The Producer Price Index for finished energy goods has
+  fallen 20.9 pct in the past 12 months.
+      Heating oil prices rose 3.0 pct in February after a 18.0
+  pct rise in January, the department said.
+      Gasoline prices rose by 5.5 pct last month after a 15.7
+  pct January rise, the department said. Natural gas prices rose
+  1.8 pct after a 4.2 pct rise in January.
+      Energy goods at the intermediate stage of processing rose
+  2.7 pct in February after rising 3.5 pct in January and were
+  down 16.1 pct over the past 12 months, the Labor Department
+  said.
+      Prices for crude energy goods, such as crude oil, coal and
+  gas at the wellhead, rose 2.6 pct last month after a 10.0 pct
+  January rise. They were down 11.6 pct from February 1986, the
+  department said.
+       At the intermediate stage, liquefied petroleum gas prices
+  rose 10.1 pct last month after a 5.0 pct January rise and were
+  41.0 pct below prices a year earlier, the department said.
+      Residual fuel prices rose 16.7 pct in February after a 13.4
+  pct rise a month earlier and were off 17.4 pct in 12 months.
+      Electric power prices fell 0.3 pct last month, after a 1.3
+  pct January decline, and were down 3.6 pct from a year ago.
+      Crude oil prices rose 4.4 pct in February, after a 19.7 pct
+  January rise and were off 21.3 pct from the year ago level.
+      Prices of natural gas at the wellhead rose 1.8 pct in
+  February after rising 4.2 pct a month earlier and were 14.8 pct
+  lower than they were 12 months earlier, the department said.
+      Coal costs were down 0.3 pct last month after rising 0.4
+  pct in January and were down 0.8 pct from a year ago.
+  
+
diff --git a/reuters/training/5062 b/reuters/training/5062
new file mode 100644
index 0000000000000000000000000000000000000000..fe31eaaf992efff9eb99eb3925818d10147a2765
--- /dev/null
+++ b/reuters/training/5062
@@ -0,0 +1,5 @@
+WEYERHAEUSER SAID IT SEES SIGNIFICANT INCREASES IN EARNINGS IN 1987
+
+  WEYERHAEUSER SAID IT SEES SIGNIFICANT INCREASES IN EARNINGS IN 1987
+  
+
diff --git a/reuters/training/5068 b/reuters/training/5068
new file mode 100644
index 0000000000000000000000000000000000000000..1ae475924331b58302fa9af9786adecc0ddb5f32
--- /dev/null
+++ b/reuters/training/5068
@@ -0,0 +1,5 @@
+VARITY EXPECTS TO REPORT 4TH QTR AND FULL-YEAR 1986 LOSS
+
+  VARITY EXPECTS TO REPORT 4TH QTR AND FULL-YEAR 1986 LOSS
+  
+
diff --git a/reuters/training/5070 b/reuters/training/5070
new file mode 100644
index 0000000000000000000000000000000000000000..4ccf3c3947d0f082ed4c9cbc76a56941b67bd72e
--- /dev/null
+++ b/reuters/training/5070
@@ -0,0 +1,98 @@
+AFTER G-6, ROUND ONE GOES TO CENTRAL BANKS
+  Central banks have easily beaten back
+  the foreign exchange market's first test of the industrialized
+  nations' recent pact to stabilize currencies, analysts said.
+      In active trading this week, the market pushed the dollar,
+  sterling, the Canadian dollar and Australian dollar higher. But
+  operators got their fingers burned as one by one the central
+  banks signalled their displeasure.
+      "So far G-6 has been a roaring success,"said James O'Neill,
+  financial markets economist at Marine Midland Bank NA.
+      "The central banks are sending strong signals that they
+  won't tolerate any kind of momentum building behind
+  currencies," added a senior corporate trader at one U.K. bank.
+      On February 22, the finance ministers and central bank
+  governors of the U.S., Japan, West Germany, France and the U.K.
+  -- the Group of Five -- plus Canada, signed an accord under
+  which they agreed to cooperate closely to foster stability of
+  exchange rates around prevailing levels.
+      The agreement was viewed by many in the market as an
+  attempt to put a floor under the dollar after its sizeable
+  two-year decline against major world currencies.
+      And initially, traders indicated their respect for the
+  accord by refraining from pushing the dollar lower.
+      But by Wednesday, the dollar climbed to more than 1.87
+  marks, about five pfennigs above its levels the Friday before
+  the G-6 accord.
+      The move was aided by indications that the U.S. economy
+  picked up steam in February at the same time as the West German
+  economy was regressing.
+      But dealers said the Federal Reserve Bank of New York gave
+  traders a sharp reminder that the G-6 pact had encompassed the
+  idea of limiting inordinate dollar gains as well as declines.
+      Dealers differed as to whether the U.S. central bank
+  actually intervened to sell dollars above 1.87 marks, or simply
+  telephoned dealers to ask for quotes and enquire about trading
+  conditions.
+      But the dollar quickly backed off. It hovered today around
+  1.85 marks. "The market was surprised that the Fed showed its
+  face so soon," said Marine Midland NA's O'Neill.
+      Also on Wednesday, London dealers said the Bank of England
+  intervened in the open market to sell sterling as the U.K.
+  currency rose to 1.60 dlrs compared with 1.5355 dlrs before the
+  G-6 pact.
+      Sterling, along with the other high-yield currencies like
+  the Australian dollar and Canadian dollar, was in favor after
+  traders surmised that the the chance of intervention pursuant
+  to the Paris currency accord left limited room for profit plays
+  on dollar/mark and dollar/yen.
+      The pound also was boosted by suggestions of an improving
+  U.K. economy, anticipation of a popular British budget on March
+  17 and public opinion polls showing good chances for the
+  incumbent Conservative party in any general election.
+      "There was a real run on sterling," said Anne Mills of
+  Shearson Lehman Brothers Inc.
+      Sterling traded today around 1.5750 dlrs, down from 1.5870
+  dlrs last night. It slid to 2.917 marks from 2.950 yesterday
+  and from a peak of about 2.98 recently. "There's been some
+  heavy profit-taking on sterling/mark ahead of next Tuesday's
+  U.K. budget," said James McGroarty of Discount Corp.
+      As speculators detected the presence of the U.S. and
+  British central banks, they acclerated their shift into
+  Canadian and Australian dollars. But here too they were
+  stymied. The Bank of Canada acted to slow its currency's rise.
+      The Canadian dollar traded at 1.3218/23 per U.S. dollar
+  today, down from 1.3185/90 yesterday.
+      And the Australian Reserve Bank, using the Fed as agent,
+  sold Australian dollars in the U.S. yesterday, dealers said.
+      The Australian dollar fell to a low of 67.45/55 U.S. cents
+  today from a high of 69.02 Thursday.
+      Analysts said the central banks' moves to stifle sudden
+  upward movement, leave the market uncertain about its next
+  step. Today, the focus shifted to the yen which has held to a
+  very tight range against the dollar for several months.
+      The dollar fell to 152.35/40 yen from 153.35/40 last night.
+  Analysts said the yen also gained as traders unwound long
+  sterling/short mark positions established lately.
+      "Because of the change in perceptions about the health of
+  the German economy, the funds from those unwinding operations
+  are ending up in yen," a dealer at one U.K. bank said.
+      Recent West German data have shown falling industry orders,
+  lower industrial output and slowing employment gains.
+      Moreover, the yen is benefitting as Japanese entities who
+  have invested heavily overseas, for example in Australian
+  financial instruments, repatriate their profits ahead of the
+  end of the Japanese fiscal year on March 31.
+      Noting that the dollar/yen rate is in a sense the most
+  controversial one because of the large U.S. trade deficit with
+  Japan, analysts said the stage could be set for another test of
+  the dollar's downward scope against the Japanese currency.
+      In its latest review of the foreign exchange market through
+  the end of January, the Federal Reserve revealed that it
+  intervened to protect the dollar against the yen on January 28.
+  On that day, the dollar fell as low as 150.40 yen.
+      "Sure, the Fed bought dollars near the 150 yen level in
+  January. But the market has to bear in mind that time marches
+  on and the situation changes," said McGroarty of Discount.
+  
+
diff --git a/reuters/training/5071 b/reuters/training/5071
new file mode 100644
index 0000000000000000000000000000000000000000..5b8dbab79e2a320f5e6ef853e5b0d4ffe6e4b76d
--- /dev/null
+++ b/reuters/training/5071
@@ -0,0 +1,27 @@
+WEYERHAEUSER <WY> SEES HIGHER 1987 EARNINGS
+  Weyerhaeuser Co said it should
+  have significant increases in earnings in 1987 and 1988 should
+  be another very good year.
+      Weyerhaeuser reported 1986 earnings of 276.7 mln dlrs, or
+  1.91 dlrs per share, on 5.65 billion dlrs in revenues.
+      Anticipated improved cash flows will allow the company to
+  invest and acquire much more aggressively than it has in the
+  past few years, Weyerhaeuser also said.
+      Weyerhaeuser, principally a lumber products company, said
+  the forecast was made by the company's chief financial officer
+  during a meeting of institutional investors in Tokyo.
+      It also said its expects to see opportunities in the
+  building products area, particularly in composite panels and in
+  other engineered products directed toward specific, rather than
+  commodity, end-use markets.
+      But it said growth may be higher in added-value products,
+  in financial services and in other diversified businesses.
+      In addition, the company said rising product prices and
+  demand for pulp and paper are reflected in all the major world
+  markets, except in the case of some light-weighted paper grades
+  where overcapacity remains a problem.
+      Weyerhaeuser further stated that it has lowered its
+  manufacturing cost structure and is obtaining significant
+  productivity increases.
+  
+
diff --git a/reuters/training/5072 b/reuters/training/5072
new file mode 100644
index 0000000000000000000000000000000000000000..42dddb68c929d8be76ae31d7d4559573bac859d0
--- /dev/null
+++ b/reuters/training/5072
@@ -0,0 +1,10 @@
+LDBRINKMAN CORP <LDBC> 2ND QTR JAN 31 LOSS
+  Shr loss seven cts vs profit 12 cts
+      Net loss 662,000 vs profit 1,520,000
+      Revs 59.1 mln vs 63.1 mln
+      Six mths
+      Shr profit 23 cts vs profit 20 cts
+      Net profit 2,802,000 vs profit 2,543,000
+      Revs 138.5 mln vs 126.7 mln
+  
+
diff --git a/reuters/training/5076 b/reuters/training/5076
new file mode 100644
index 0000000000000000000000000000000000000000..3c020eefaf687c6b5d66c1d24a28fc6c139c4bf7
--- /dev/null
+++ b/reuters/training/5076
@@ -0,0 +1,16 @@
+ACS ENTERPRISES INC <ACSE> 4TH QTR LOSS
+  Shr loss two cts vs profit three cts
+      Net loss 80,333 vs profit 67,967
+      Revs 1,162,678 vs 1,009,731
+      Avg shrs 3,317,104 vs 2,494.049
+      year
+      Shr loss 21 cts vs profit four cts
+      Net loss 679,520 vs profit 96,724
+      Revs 4,191,540 vs 4,702,999
+      Avg shrs 3,242,641 vs 2,525,677
+      NOTES: Revenues exclude hospital television rental business
+  sold Dec 29, 1986
+      1986 losses in both periods include gain of 530,000 dlrs on
+  sale of discontinued business
+  
+
diff --git a/reuters/training/5077 b/reuters/training/5077
new file mode 100644
index 0000000000000000000000000000000000000000..db5a44d3d8ffbd0a5dbd9e5b18970155060c444e
--- /dev/null
+++ b/reuters/training/5077
@@ -0,0 +1,12 @@
+TONY LAMA <TLAM> TO BUY <COULSON OF TEXAS INC>
+  Tony Lama Co Inc said it signed
+  a letter of intent to buy Coulson of Texas Inc, a maker of
+  heels and leather components.
+      The company said exact terms of the deal have not been
+  determined but that it does not expect the acquisition to have
+  a material effect on its financial position.
+      In addition to buying substantially of all Coulson's
+  assets, Tony Lama said it would assume certain of the company's
+  liabilities.
+  
+
diff --git a/reuters/training/5078 b/reuters/training/5078
new file mode 100644
index 0000000000000000000000000000000000000000..d67be6afe7a41a17b7dbf7dde314aa275168a923
--- /dev/null
+++ b/reuters/training/5078
@@ -0,0 +1,7 @@
+TO-FITNESS INC <TFIT> YEAR DEC 31 LOSS
+  Shr loss 89 cts vs loss 21 cts
+      Net loss 3,030,548 vs loss 548,442
+      Revs 1,519,360 vs 1,081,915
+      Avg shrs 3,399,993 vs 2,725,425
+  
+
diff --git a/reuters/training/508 b/reuters/training/508
new file mode 100644
index 0000000000000000000000000000000000000000..6a7bc0c47cb69b4ab61c38cf3adb1b771070668e
--- /dev/null
+++ b/reuters/training/508
@@ -0,0 +1,6 @@
+<FRANKLIN CALIFORNIA TAX-FREE INCOME FUND>PAYOUT
+  Mthly div 4.5 cts vs 4.5 cts prior
+      Pay March 13
+      Record March Two
+  
+
diff --git a/reuters/training/5080 b/reuters/training/5080
new file mode 100644
index 0000000000000000000000000000000000000000..2dda0bf5de9ac32b8f96ddaa5ab4d3f7bcb0687f
--- /dev/null
+++ b/reuters/training/5080
@@ -0,0 +1,13 @@
+TRIBUNE <TRB> COMPLETES CABLE SYSTEM SALE
+  Tribune Co said it completed the sale
+  of the Danville, Va., cable television system to Cablevision
+  Industries Ltd Partnership, affiliated with Cablevision
+  Industries Inc of Liberty, N.Y.
+      It said the Danville system was one of two systems acquired
+  by Tribune on September 30, 1986 as part of its purchase of The
+  Daily Press Inc, publisher of the Newport News Daily Press and
+  The Times-Herald. Agreements to sell both systems for a total
+  of 100 mln dlrs were reached in October.
+      Sale of the Newport News system was completed in December.
+  
+
diff --git a/reuters/training/5081 b/reuters/training/5081
new file mode 100644
index 0000000000000000000000000000000000000000..743bbc14dbc08a2bcce3dffe7c2b75f8b2878f39
--- /dev/null
+++ b/reuters/training/5081
@@ -0,0 +1,9 @@
+GTE <GTE> UNIT TO SELL INFORTEXT PRODUCTS
+  Infortext Systems Inc said it
+  finalized a two-year agreement under which GTE Services Corp
+  and eight affiliates will sell Infortext's line of personal
+  computer-based telephone call accounting systems.
+      GTE Services, a unit of GTE Corp, evaluated 23 competitive
+  call accounting systems, the company said.
+  
+
diff --git a/reuters/training/5082 b/reuters/training/5082
new file mode 100644
index 0000000000000000000000000000000000000000..3ae317fcec371103365721402f4010439a28a657
--- /dev/null
+++ b/reuters/training/5082
@@ -0,0 +1,12 @@
+SHEPPARD RESOURCES TO MERGE WITH CANCER CLINIC
+  Sheppard Resources Inc
+  said it signed a letter of intent to merge with Breast Centers
+  Inc, an owner, operator and franchiser of clinics that provide
+  services for the early detection of breast cancer.
+      Terms were not disclosed.
+      After the merger, Breast Centers shareholders would become
+  the majority shareholders of the combined company.
+      Also, if approved, Sheppard will change its name to Breast
+  Centers.
+  
+
diff --git a/reuters/training/5083 b/reuters/training/5083
new file mode 100644
index 0000000000000000000000000000000000000000..e7eec295bb0d4b3a94fdac64a721506adbd15714
--- /dev/null
+++ b/reuters/training/5083
@@ -0,0 +1,6 @@
+FIRSTIER INC <FRST> SETS REGULAR QUARTERLY DIV
+  Qtly div 27.5 cts vs 27.5 cts prior
+      Pay March 31
+      Record March 25
+  
+
diff --git a/reuters/training/5084 b/reuters/training/5084
new file mode 100644
index 0000000000000000000000000000000000000000..a1a4c88e7c60d1c2cf96c44f3f0cd4898c3ec757
--- /dev/null
+++ b/reuters/training/5084
@@ -0,0 +1,10 @@
+ZONDERVAN CORP <ZOND> 4TH QTR NET
+  Shr profit nil vs profit 38 cts
+      Net profit 19,000 vs profit 1,239,000
+      Revs 31.7 mln vs 31.2 mln
+      12 mths
+      Shr profit 52 cts vs loss three cts
+      Net profit 2,173,000 vs loss 119,000
+      Revs 103.5 mln vs 98.6 mln
+  
+
diff --git a/reuters/training/5085 b/reuters/training/5085
new file mode 100644
index 0000000000000000000000000000000000000000..6f6068396e6a5945731041b7896665de1ca025d4
--- /dev/null
+++ b/reuters/training/5085
@@ -0,0 +1,6 @@
+UNIBANCORP INC <UBCP> REGULAR DIVIDEND SET
+  Qtly div 20 cts vs 20 cts previously
+      Pay April 15
+      Record March 23
+  
+
diff --git a/reuters/training/5086 b/reuters/training/5086
new file mode 100644
index 0000000000000000000000000000000000000000..f38c0765894c62d8f1983cf047a2d9615a53482f
--- /dev/null
+++ b/reuters/training/5086
@@ -0,0 +1,8 @@
+SECOND NATIONAL BUILDING <SNBL> RAISES DIVIDEND
+  Qtrly seven cts vs six cts
+      Pay April 20
+      Record March 31
+      NOTE: full name of company is Second National Building and
+  Loan.
+  
+
diff --git a/reuters/training/5089 b/reuters/training/5089
new file mode 100644
index 0000000000000000000000000000000000000000..56dc5c8a8cce95059a2dff3bc0d6d53e399ea32c
--- /dev/null
+++ b/reuters/training/5089
@@ -0,0 +1,13 @@
+BROADVIEW FINANCIAL CORP <BDVF> 4TH QTR LOSS
+  Shr loss 5.67 dlrs vs loss 5.17 dlrs
+      Net loss 17 mln vs loss 15.4 mln
+      Year
+      Shr loss 12.42 dlrs vs loss 9.60 dlrs
+      Net loss 37.0 mln vs loss 28.5 mln
+      NOTE: 1986 4th qtr and year net includes 11.9 mln dlr and
+  43.8 mln dlr provision, respectively, for possible land and
+  real estate losses. 1985 4th qtr and year net includes 5.1 mln
+  dlr and 13.4 mln dlr provision, respectively, for possible
+  losses.
+  
+
diff --git a/reuters/training/509 b/reuters/training/509
new file mode 100644
index 0000000000000000000000000000000000000000..ac17f30fd0ab7fac3a4d769a9696064ee4824cd1
--- /dev/null
+++ b/reuters/training/509
@@ -0,0 +1,6 @@
+<FRANKLIN AGE HIGH INCOME FUND> SETS PAYOUT
+  Mthly div 3.6 cts vs 3.6 cts prior
+      Pay March 13
+      Record March Two
+  
+
diff --git a/reuters/training/5090 b/reuters/training/5090
new file mode 100644
index 0000000000000000000000000000000000000000..71f8182cac907376ab3c2c12a2c37fc5b86e899e
--- /dev/null
+++ b/reuters/training/5090
@@ -0,0 +1,12 @@
+ENZO BIOCHEM INC <ENZO> 2ND QTR JAN 31 NET
+  Shr one ct vs three cts
+      Net 123,000 vs 371,000
+      Revs 2,944,000 vs 2,138,000
+      Avg shrs 11.4 mln vs 11.6 mln
+      Six mths
+      Shr five cts vs six cts
+      Net 531,000 vs 725,000
+      Revs 6,200,000 vs 4,128,000
+      Avg shrs 11.4 mln vs 11.6 mln
+  
+
diff --git a/reuters/training/5091 b/reuters/training/5091
new file mode 100644
index 0000000000000000000000000000000000000000..7af3ea4fda339c5830b3dd334a305b424bbde427
--- /dev/null
+++ b/reuters/training/5091
@@ -0,0 +1,12 @@
+TENDER FOR ALLEGHENY INT'L <AG> UNDERWAY
+  First Boston Inc's <FBC> Sunter
+  Acquisition Corp said it began its previously announced 24.60
+  dlr per share tender offer for Allegheny International Inc's
+  common stock.
+      The company is also offering 20 dlrs for each 2.19 dlr
+  cumulative preferred share, and 87.50 dlrs for each share of
+  11.25 dlr convertible preferred stock.
+      The company said the offer and withdrawal rights will
+  expire at midnight April nine unless extended.
+  
+
diff --git a/reuters/training/5092 b/reuters/training/5092
new file mode 100644
index 0000000000000000000000000000000000000000..6ad689862dfea403d2665e724b3db9e81746c7ae
--- /dev/null
+++ b/reuters/training/5092
@@ -0,0 +1,20 @@
+VARITY <VAT> EXPECTS 4TH QTR, FULL-YEAR LOSS
+  Varity Corp, formerly Massey-Ferguson
+  Ltd, said it expected to report on March 25 a loss for the
+  fourth quarter and full-year ended January 31.
+      A company spokesman said specific figures were unavailable.
+      Varity posted a net profit of 3.9 mln U.S. dlrs for the
+  previous fiscal year ended January 31, 1986 and a 3.3 mln dlr
+  net profit for the previous fourth quarter. Its net loss for
+  the nine months ended October 31 totaled 4.7 mln dlrs after a
+  19.7 mln dlr third quarter loss tied to strikes and plant
+  shutdowns at its British and French operations.
+      Varity also said it would seek shareholder approval at a
+  special shareholders' meeting on April 9 to authorize a
+  transfer of values to the contributed surplus account on its
+  balance sheet from the stated capital account for common
+  shares.
+      The spokesman said the move would help raise company values
+  required to pay dividends under Canadian law.
+  
+
diff --git a/reuters/training/5094 b/reuters/training/5094
new file mode 100644
index 0000000000000000000000000000000000000000..7e1690a62f98d1ba4183ca910f9dd115696871ae
--- /dev/null
+++ b/reuters/training/5094
@@ -0,0 +1,17 @@
+CABLEVISION TO BUY VALLEY CABLE FOR 100 MLN DLR
+  <Cablevision Industries Corp>
+  said its Cablevision Industries of California Inc subsidiary
+  has entered into an agreement to buy substantially all of the
+  assets of Valley Cable TV for about 100 mln dlrs.
+      The company said it will buy the system from a California
+  limited partnership, which is wholly-owned by Toronto-based
+  <Hollinger Inc>.
+      It said Valley Cable operates a 60,000 subscriber cable
+  television systems passing about 180,000 homes in the west San
+  Fernando Valley area of Los Angeles.
+      Cablevision said it is the nation's 21st largest cable
+  company and is ownnd by Alan Gerry, its chairman, president and
+  chief executive officer. The company said the agreement is
+  subject to regulatory approval.
+  
+
diff --git a/reuters/training/5095 b/reuters/training/5095
new file mode 100644
index 0000000000000000000000000000000000000000..9050ec556163d972bb83c5eafe7c10c1a0d5965b
--- /dev/null
+++ b/reuters/training/5095
@@ -0,0 +1,16 @@
+<ANTHES INDUSTRIES INC> 4TH QTR NET
+  Oper shr 16 cts vs nine cts
+      Oper net 2,281,000 vs 1,319,000
+      Revs not given
+      Year
+      Oper shr 13 cts vs six cts
+      Oper net 2,635,000 vs 1,775,000
+      Revs 31.9 mln vs 31.7 mln
+      Note: 1986 qtr excludes extraordinary loss of 1,155,000
+  dlrs or nine cts share, versus gain of 607,000 dlrs or five cts
+  shr
+      Note continued: 1986 year excludes extraordinary loss of
+  3,101,000 dlrs or 25 cts share, versus extraordinary loss of
+  265,000 dlrs or two cts share
+  
+
diff --git a/reuters/training/5097 b/reuters/training/5097
new file mode 100644
index 0000000000000000000000000000000000000000..3153e96f6f9ef5ab834c82699493ffaa85d3fb4f
--- /dev/null
+++ b/reuters/training/5097
@@ -0,0 +1,10 @@
+BORG-WARNER <BOR> BOARD OKS SALE OF UNIT
+  Borg-Warner Corp said its directors
+  approved the sale, for about 240 mln dlrs, of its industrial
+  products division to a New York-based private investment firm,
+  Clayton and Dubilier Inc, and senior management of the group.
+      Yesterday, the company said it agreed to sell the division,
+  which has annual sales of about 300 mln dlrs and is based in
+  Long Beach, California.
+  
+
diff --git a/reuters/training/5100 b/reuters/training/5100
new file mode 100644
index 0000000000000000000000000000000000000000..2268dbcb6ed255223f8efb717e9db186f8b357d5
--- /dev/null
+++ b/reuters/training/5100
@@ -0,0 +1,6 @@
+<AUTREX INC> 1ST QTR JANUARY 31 NET
+  Shr one cts vs two cts
+      Net 50,000 vs 58,000
+      Revs 467,000 vs 760,000
+  
+
diff --git a/reuters/training/5102 b/reuters/training/5102
new file mode 100644
index 0000000000000000000000000000000000000000..e4a29ba9cc95cdbc277734053cdbb4d90db29629
--- /dev/null
+++ b/reuters/training/5102
@@ -0,0 +1,12 @@
+SOUTHAM UNIT ACQUIRES WINNIPEG COMMUNITY PAPERS
+  <Southam Inc> said its Flyer Force unit
+  acquired three community newspapers in Winnipeg with a combined
+  circulation of 65,000 for undisclosed terms.
+      Southam said the newspapers, The Herald, The Lance and
+  Metro One, will be printed at its Canadian Publishers division
+  in Winnipeg.
+      Flyer Force intends to expand distribution of the
+  newspapers to begin improved service to the Winnipeg market,
+  Southam said.
+  
+
diff --git a/reuters/training/5105 b/reuters/training/5105
new file mode 100644
index 0000000000000000000000000000000000000000..1d81c5006676f1524a5305034e666b939eaff2c9
--- /dev/null
+++ b/reuters/training/5105
@@ -0,0 +1,12 @@
+MLX CORP <MLXX> 4TH QTR LOSS
+  Shr loss 12 cts vs profit one ct
+      Net loss 1,815,000 vs profit 65,000
+      Revs 59.9 mln vs 2,798,000
+      Avg shrs 15.8 mln vs 9,775,000
+      Year
+      Shr loss 11 cts vs loss three cts
+      Net loss 1,217,000 vs loss 324,000
+      Revs 83.3 mln vs 3,195,000
+      Avg shrs 11.2 mln vs 9,775,000
+  
+
diff --git a/reuters/training/5109 b/reuters/training/5109
new file mode 100644
index 0000000000000000000000000000000000000000..eed019b10c9d17256a4e469815a846f120167e04
--- /dev/null
+++ b/reuters/training/5109
@@ -0,0 +1,66 @@
+U.S. CONSERVATION FIGURES SEEN NEUTRAL/BEARISH
+  U.S. Agriculture Department (USDA)
+  figures for highly-erodible land enrolled into the Conservation
+  Reserve Program were regarded by most grain analysts as neutral
+  to bearish, although some said a full state-by-state breakdown
+  would be needed to assess the full price impact.
+      "Out of 10.5 mln acres only 1.9 mln acres were accepted in
+  corn -- That's neutral at best and perhaps bearish to what the
+  trade was looking for," Dale Gustafson of Drexel Burnham
+  Lambert said.
+      The USDA said it had accepted 10,572,402 more acres into
+  the conservation program out of bids on a total of 11,254,837
+  acres.
+      Gustafson said he would not be changing his estimate of
+  planted acreage for corn as a result of the latest figures, but
+  some other analysts said they would adjust their estimates
+  slightly. The USDA is due to release planting intentions
+  figures March 31.
+      Indications of a heavy sign-up in the conservation program
+  recently lowered most trade estimates of corn planted acreage
+  to 63.0 to 67.0 mln acres from 67.0 to 69.0 mln.
+      Richard Loewy, analyst with Prudential Bache Securities,
+  said there was not enough information to completely assess the
+  conservation figures. "The 1.9 mln acres on corn is certainly
+  disappointing," he added.
+      The USDA later released the state-by-state breakdown of the
+  enrollment figures.
+      Loewy said the initial figures appeared to be negative for
+  both new crop corn and soybeans, and might possibly mean an
+  upward adjustment in planting intention figures.
+      Asked about the impact on the flow of generic certificates
+  onto the market this spring, he said: "The trade was definitely
+  looking higher, so certificates are going to be less than
+  expected."
+      The USDA offered a special corn "bonus" rental payment to
+  the farmers to be paid in generic certificates. The bonus
+  amounts to two dlrs per bushel, based on the farm program
+  payment yield for corn, for each acre of corn accepted into the
+  reserve.
+      Katharina Zimmer, analyst for Merrill Lynch Futures, said
+  the conservation sign-up was slightly higher than she had
+  expected, although she noted that some trade expectations were
+  considerably higher than the actual figures.
+      "I think it is friendly for the market, at least in the
+  long run," she said.
+      Susan Hackmann of AgriAnalysis said there was some
+  confusion over whether trade ideas of an enrollment figure
+  between 15 and 18 mln acres referred to the total sign-up or
+  the latest addition.
+      "It seems the trade was looking for more acres to be bid
+  into the program," she said.
+      Hackmann said she would not make much change to her ideas
+  about corn planting figures as a result of the conservation
+  sign-up. She added that while some trade guesses were as low as
+  61 mln acres, she was looking for corn plantings to be in the
+  high 60's.
+      Zimmer of Merrill Lynch said she would be making a slight
+  reduction of about one mln acres in her planting estimate to
+  around 64 mln acres.
+      New crop corn prices at the Chicago Board of Trade firmed
+  earlier this week on ideas of a large sign-up in the program,
+  despite the fact that acres enrolled are generally poor
+  yielding and not likely to make a substantial difference to
+  final production figures.
+  
+
diff --git a/reuters/training/511 b/reuters/training/511
new file mode 100644
index 0000000000000000000000000000000000000000..7796c813d3e38cb5ce9ba543101df21bc4389bd3
--- /dev/null
+++ b/reuters/training/511
@@ -0,0 +1,5 @@
+PETRO-CANADA CUT CRUDE PRICES BY 1.43 CANADIAN DLRS/BBL EFFECTIVE MARCH ONE
+
+  PETRO-CANADA CUT CRUDE PRICES BY 1.43 CANADIAN DLRS/BBL EFFECTIVE MARCH ONE
+  
+
diff --git a/reuters/training/5112 b/reuters/training/5112
new file mode 100644
index 0000000000000000000000000000000000000000..b26b53d84dbb527b93dec9336f88b6cbb48e31ba
--- /dev/null
+++ b/reuters/training/5112
@@ -0,0 +1,9 @@
+FOREST CITY <FECA> COMPLETES SALE
+  Forest City Enterprises Inc said it
+  completed the previously announced sale of assets of its retail
+  store division, excluding real estate, to Handy Andy Home
+  Improvement Centers Inc, a private Gurnee, Ill., firm.
+      The sale is for cash and notes but exact terms were not
+  disclosed.
+  
+
diff --git a/reuters/training/5113 b/reuters/training/5113
new file mode 100644
index 0000000000000000000000000000000000000000..f3e379c80631493e7fbb6057964aacf9c3423d61
--- /dev/null
+++ b/reuters/training/5113
@@ -0,0 +1,24 @@
+MINN. BANK, OKLA. THRIFT ACTIONS TAKEN
+  Beaver Creek State Bank in Beaver
+  Creek, Minn., failed and the bank's insured assets were
+  transferred to Citizens State Bank of Silver Lake, Minn., the
+  Federal Deposit Insurance Corp. said.
+      Separately, the Federal Home Loan Bank Board said Victor
+  Federal Savings and Loan Association of Muskogee, Okla., was
+  placed into receivership.
+      Beaver Creek's two offices will re-open as branches of
+  Citizens on Monday.
+      The transfer was arranged because there were no bids to buy
+  Beaver Creek, the FDIC said.
+      Citizens will pay a premium of 30,000 dlrs  to the FDIC and
+  purchase Beaver Creek's assets for 5.3 mln dlrs.
+      It was the 43rd bank failure in the nation this year.
+      The FHLBB said Victor Federal Savings was insolvent and its
+  assets were transferred to a newly chartered federal mutual
+  association with directors named by the FHLBB.
+      Victor was a stock association with 564 mln dlrs in assets.
+      The new association is to be known as Victor Savings and
+  Loan Association and its assets continue to be insured by the
+  Federal Savings and Loan Insurance Corp, the FHLBB said.
+  
+
diff --git a/reuters/training/5114 b/reuters/training/5114
new file mode 100644
index 0000000000000000000000000000000000000000..782e839637266cce4a39b178c10896eba7cb53cc
--- /dev/null
+++ b/reuters/training/5114
@@ -0,0 +1,10 @@
+LIFESTYLE RESTAURANTS <LIF> ADJUSTS REVENUES
+  Lifestyle Restaurants Inc said
+  revenues for the first quarter ended January 24, 1985, were
+  17.5 mln dlrs and not the 17.8 mln dlrs it had reported
+  earlier.
+      The company also said a note attached to its earnings
+  concerning a gain in 1986 on certain sales was incorrect and
+  should be disregarded.
+  
+
diff --git a/reuters/training/5115 b/reuters/training/5115
new file mode 100644
index 0000000000000000000000000000000000000000..8415988f8b7243572c8ab118470e0e955b5ba288
--- /dev/null
+++ b/reuters/training/5115
@@ -0,0 +1,22 @@
+U.S. SAYS CANADA COMPLYING WITH LUMBER PACT
+  The Commerce Department said that
+  all Canadian firms had begun to pay an agreed to 15 pct
+  surcharge on softwood shipped to U.S. markets.
+      It made the statement after talks with Canadian officials
+  about press reports and speculation in Canada that some
+  exporters were not paying the charge.
+      Canada and the United States agreed last December to the 15
+  pct charge, ending a lengthy trade dispute over alleged
+  Canadian subsidies to Canada's softwood exporters.
+      Commerce officials would not say if they found any Canadian
+  companies had been evading the charge, but that following the
+  talks they were convinced all exporters were complying with the
+  agreement.
+      Undersecretary of Commerce Bruce Smart said "We are
+  gratified to learn that companies in Canada have begun paying
+  the export charge on lumber."
+      He added the agreement was important to the health of the
+  U.S. lumber industry and he intended to see that it was fully
+  carried out.
+  
+
diff --git a/reuters/training/5116 b/reuters/training/5116
new file mode 100644
index 0000000000000000000000000000000000000000..a41117e0d8d0391f4c48c4a1d555fff63a4aba19
--- /dev/null
+++ b/reuters/training/5116
@@ -0,0 +1,31 @@
+PDVSA TO SIGN CHAMPLIN REFINERY DEAL MARCH 17
+  Petroleos de Venezuela, S.A. said it
+  will sign a contract March 17 to buy a half interest in a
+  Corpus Christi, Texas refinery and related operations.
+      The contract, to be signed by PDVSA and Champlin
+  Petroleum's parent company, the Union Pacific Corp, will create
+  a new joint venture called Champlin Refining.
+      The state oil company said PDVSA will pay on the order of
+  30 mln dlrs for the half interest in Champlin.
+       Energy minister Arturo Hernandez Grisanti said Wednesday
+  the cost would be 33 mln dlrs in cash, plus an additional 60
+  mln in crude and refined oil shipments.
+      PDVSA and Union Pacific have sought a line of credit from a
+  group of North American and Japanese banks to finance the new
+  company's working capital, the Venezuelan company said.
+      Under the deal, PDVSA will supply up to 140,000 barrels a
+  day to the refinery with the option to place 50,000 bpd more -
+  mostly gasoline and distillates - through Champlin's
+  distribution system in 10 U.S. states.
+      The new company will be directed by a six-member board,
+  with three representatives each from PDVSA and Union Pacific.
+      According to PDVSA, Venezuelans will occupy such key
+  positions such as treasurer and vice-president for
+  manufacturing.
+      The total capacity of the Champlin refinery is 160,000 bpd
+  of crudes and another 40,000 bpd of intermediates. The plant
+  will be able to handle 110,000 bpd of Venezuelan heavy crudes,
+  which make up more than half of the country's crude oil
+  exports.
+  
+
diff --git a/reuters/training/5117 b/reuters/training/5117
new file mode 100644
index 0000000000000000000000000000000000000000..e641dbd0ac42b39642c021593f562244e60137b1
--- /dev/null
+++ b/reuters/training/5117
@@ -0,0 +1,12 @@
+INVESTOR DISAPPOINTED AT CAESARS <CAW> RESPONSE
+  Investor Martin Sosnoff said in a
+  statement that he was disappointed in Caesars World Inc's
+  response to his 28 dlrs a share offer to buy the company.
+      The company had said the offer was inadequate and that it
+  was exploring restructuring or sale of the company to another
+  party.
+      Sosnoff said he believes the offer is fair to all
+  shareholders. "My primary desire is still to sit down with
+  management to negotiate a friendly acquisition," he said.
+  
+
diff --git a/reuters/training/5118 b/reuters/training/5118
new file mode 100644
index 0000000000000000000000000000000000000000..b6f276f1cbf5391333547dcc0a143b1e491b1f57
--- /dev/null
+++ b/reuters/training/5118
@@ -0,0 +1,25 @@
+VENEZUELA TO LEND UP TO 12.5 MLN BARRELS OF OIL
+  Venezuela will lend Ecuador up to 12.5
+  mln barrels of crude oil to help it meet its export commitments
+  and its domestic energy demand, Ecuadorean Energy and Mines
+  Minister Javier Espinosa said today in a statement.
+      Ecuador was forced to suspend exports after the pipeline
+  connecting its jungle oil fields with the Pacific Ocean port of
+  Balao was damaged last week by an earthquake.
+      Venezuela would lend 50,000 barrels per day of crude for a
+  total of up to to 7.5 mln barrels to help Ecuador meet export
+  commitments, Espinosa said. Also, Venezuela will sell the crude
+  and provide the foreign exchange earnings to Ecuador, he said.
+       Ecuador would repay Venezuela in crude once it resumed its
+  exports after repairing its pipeline to Balao, a task that
+  would take an estimated five  months.
+      Venezuela is lending Ecuador five mln barrels of crude for
+  refining in this country to meet domestic demand. Ecuador would
+  repay that loan with crude once the oil pipeline is repaired.
+      Both countries are the only Latin American members of the
+  Organisation of Petroleum Exporting Countries (OPEC).
+      Ecuador was exporting about 140,000 bpd before the
+  earthquake, Energy Ministry officials said. Its total output
+  was around 260,000 bpd.
+  
+
diff --git a/reuters/training/5119 b/reuters/training/5119
new file mode 100644
index 0000000000000000000000000000000000000000..dc2ae04edaf0faa4f749a8fc0e12bf3ab65df414
--- /dev/null
+++ b/reuters/training/5119
@@ -0,0 +1,23 @@
+PDVSA TO SIGN CHAMPLIN REFINERY DEAL MARCH 17
+  Petroleos de Venezuela, S.A. said it
+  will sign a contract March 17 to buy a half interest in a
+  Corpus Christi, Texas refinery and related operations.
+      The contract, to be signed by PDVSA and Champlin
+  Petroleum's parent company, the Union Pacific Corp <UNP>, will
+  create a new joint venture called Champlin Refining.
+      The state oil company said PDVSA will pay on the order of
+  30 mln dlrs for the half interest in Champlin.
+       Energy minister Arturo Hernandez Grisanti said Wednesday
+  the cost would be 33 mln dlrs in cash, plus an additional 60
+  mln in crude and refined oil shipments.
+      PDVSA and Union Pacific have sought a line of credit from a
+  group of North American and Japanese banks to finance the new
+  company's working capital, the Venezuelan company said.
+      Under the deal, PDVSA will supply up to 140,000 barrels a
+  day to the refinery with the option to place 50,000 bpd more -
+  mostly gasoline and distillates - through Champlin's
+  distribution system in 10 U.S. states.
+      The new company will be directed by a six-member board,
+  with three representatives each from PDVSA and Union Pacific.
+  
+
diff --git a/reuters/training/512 b/reuters/training/512
new file mode 100644
index 0000000000000000000000000000000000000000..8bba5c128dce14d2290780f13245609906f8a5e0
--- /dev/null
+++ b/reuters/training/512
@@ -0,0 +1,6 @@
+<FRANKLIN FEDERAL TAX-FREE INCOME FUND> PAYOUT
+  Mthly div 7.7 cts vs 7.7 cts prior
+      Pay March 13
+      Record March Two
+  
+
diff --git a/reuters/training/5121 b/reuters/training/5121
new file mode 100644
index 0000000000000000000000000000000000000000..9cbf2ee885c470b6d011c12df711c89ea463959b
--- /dev/null
+++ b/reuters/training/5121
@@ -0,0 +1,12 @@
+PRATT <PRAT> OFFER FOR RESORTS <RT> EXPIRES
+  PH Acquisition Co, a unit of Pratt Hotel
+  Corp, said its 135 mln dlrs per share tender offer for all
+  shares of Class B common stock of Resorts INternational Inc
+  expired.
+      As of today, about 45,690 shares were tendered, an
+  insufficient number of shares to satisfy the condition that 51
+  pct of the voting power be tendered.
+      Earlier this week, New yOrk developer Donald Trump made a
+  competing bid for the class B shares.
+  
+
diff --git a/reuters/training/5123 b/reuters/training/5123
new file mode 100644
index 0000000000000000000000000000000000000000..08e5eb9e92ca307452ca18b19ab957789d3e8845
--- /dev/null
+++ b/reuters/training/5123
@@ -0,0 +1,22 @@
+SAUDIS DROP CONDITION FOR OIL SALE TO BRAZIL
+  Saudi Arabia has dropped its
+  condition that Brazil secure international bank guarantees
+  before Saudia Arabia would ship it oil, the state-oil company,
+  Petrobras, said in a statement.
+      Petrobras said the Saudis will accept Banco do Brasil
+  credit guarantees.
+      Petrobras cancelled a 40-mln dlr crude oil purchase from
+  the Saudis yesterday after they refused to accept a letter of
+  credit from the official Bank of Brazil. The Saudis had
+  demanded that Brazil get credit guarantees from leading
+  international banks.
+      Petrobras said the Saudis had been advised that if they did
+  not change their mind by Monday, Petrobras would negotiate the
+  purchase of oil with other producers.
+      The Petrobras statement said the shipment of 2.2 mln
+  barrels will be made by the Saudis on March 24 as scheduled.
+      The shipment is part contract signed in February for the
+  Saudis to supply Brazil with 125,000 barrels per day until
+  June.
+  
+
diff --git a/reuters/training/5125 b/reuters/training/5125
new file mode 100644
index 0000000000000000000000000000000000000000..811c50e0c612cfe6b5c7dd6fc1ab41507b3465f3
--- /dev/null
+++ b/reuters/training/5125
@@ -0,0 +1,17 @@
+SAUDI ARABIA DECIDES TO ACCEPT BRAZIL CREDIT
+  Saudi Arabia has lifted the
+  condition it imposed on the sale of oil to Brazil and will
+  accept Banco do Brasil's credit guarantees, state-oil company
+  Petrobras said in a statement.
+      Petrobras cancelled a 40 mln dlr crude oil purchase from
+  the Saudis yesterday, after they refused to accept a letter of
+  credit from the Bank of Brazil, demanding guarantees from
+  leading international banks.
+      It advised the Saudis the company would negotiate oil
+  purchases elsewhere unless they changed their mind by Monday.
+      The 2.2 mln barrels shipment will be made by the Saudis on
+  March 24 as scheduled, the statement said.
+      Under a 125,000 bpd contract signed in February the Saudis
+  agreed to supply oil to Brazil until June.
+  
+
diff --git a/reuters/training/5126 b/reuters/training/5126
new file mode 100644
index 0000000000000000000000000000000000000000..3aa4b5ee294589904e906df86605da788b2688cb
--- /dev/null
+++ b/reuters/training/5126
@@ -0,0 +1,12 @@
+MICRON TECHNOLOGY <DRAM> SEES 2ND QTR LOSS
+  Micron Technology Inc said it
+  expects to record a net loss of about 11 mln dlrs in the second
+  quarter compared to a loss of 9.7 mln dlrs in the first quarter
+  and 9.8 mln dlrs in the year-ago second quarter.
+      Revenues in the quarter ended March five increased to about
+  20.4 mln dlrs from 18.8 mln in the preceeding quarter and 9.4
+  mln dlrs in the year-ago quarter.
+      The company makes semiconductors, memory components and
+  related products.
+  
+
diff --git a/reuters/training/5127 b/reuters/training/5127
new file mode 100644
index 0000000000000000000000000000000000000000..05e62698e561a6bccc2005fc62335cf28cc9861c
--- /dev/null
+++ b/reuters/training/5127
@@ -0,0 +1,53 @@
+TRADING RANGE LIKELY TO CONTINUE IN DEBT FUTURES
+  U.S. economic data due out next week is
+  unlikely to hold any surprises that will shake U.S. interest
+  rate futures out of their relatively narrow trading range of
+  the last 3-1/2 months, financial analysts said.
+      "People don't seem to have any firm conviction about the
+  current strength of the economy or about the Federal Reserve
+  doing anything," said Drexel Burnham Lambert analyst Norman
+  Mains.
+      The narrow range trading is also taking its toll on trading
+  volume, he noted. "We've had a decline in activity as recent
+  economic statistics have not greatly changed people's
+  viewpoints on interest rates," Mains said.
+      The data, which has provided not clear-cut view of the
+  economy, coupled with dampened activity in the foreign exchange
+  markets after the Paris initiative has made for "less than
+  ebullient market action," Mains said.
+      He added, however, that Treasury bond futures could be in
+  for a retracement after the recent rise as they are near the
+  top of the trading range.
+      "My view is that the economy remains relatively strong and
+  market participants will see that current prices are
+  unjustified," Mains said.
+      Refco Inc senior vice president Michael Connery also noted
+  that the market is showing very little momentum and lacks
+  retail interest. "All of the movement occurs at the opening,"
+  afterwhich volume dwindles and momentum fades, Connery said.
+      Although data during the week was mildly positive for bond
+  prices, the small rise in February producer prices and downward
+  revisions in January retail sales and industrial production
+  were "not real exciting," said Prudential Bache analyst Fred
+  Leiner.
+      "There is no one factor that will push us through the highs
+  at this moment," Leiner said.
+      Next week's revision to fourth quarter U.S. Gross national
+  Product is also likely to be of little interest to the market,
+  said Kleinwort Benson chief financial economist Sam Kahan.
+  Still, forecasts for first quarter GNP could play a role in the
+  direction of bond prices over the next month.
+      Kahan said his early estimate for first quarter growth is
+  around three pct, due largely to a buildup in inventories
+  reflected in the January inventory data Friday, which showed
+  the largest increase since 1979.
+      "The key question will be not whether there is a large
+  increase in first quarter GNP, but whether any increase is
+  sustainable or a one shot deal," Kahan said.
+      He said that a sizable increase in first quarter GNP
+  stemming from an increase in inventories will be a drag on
+  second quarter growth.
+      If that is the case, GNP in the second quarter could ease
+  back to a one to two pct growth rate, Kahan said.
+  
+
diff --git a/reuters/training/5128 b/reuters/training/5128
new file mode 100644
index 0000000000000000000000000000000000000000..0490374092dc52e9d0e27a8fb94a0bf9d9b226e7
--- /dev/null
+++ b/reuters/training/5128
@@ -0,0 +1,13 @@
+<AGRA INDUSTRIES LTD> SIX MTHS JAN 31 NET
+  Oper shr 35 cts vs 34 cts
+      Oper net 2,313,000 vs 1,646,000
+      Revs 100.1 mln vs 77.3 mln
+      Note: 1986 net excludes extraordinary loss of 294,000 dlrs
+  or four cts vs shr vs yr-ago loss of 579,000 dlrs or 12 cts
+  shr. 1986 net includes non-cash loss of 1,436,000 dlrs or 22
+  cts shr vs yr-ago loss of 1,922,000 dlrs or 39 cts shr from
+  depreciation and amortization allowances on U.S. cable TV
+  operation.
+      Fewer shrs outstanding.
+  
+
diff --git a/reuters/training/513 b/reuters/training/513
new file mode 100644
index 0000000000000000000000000000000000000000..8f3e1a597956a9b96e1f736d4c6fcd82919d617c
--- /dev/null
+++ b/reuters/training/513
@@ -0,0 +1,6 @@
+<FRANKLIN NEW YORK TAX-FREE INCOME FUND> PAYOUT
+  Mthly div 7.3 cts vs 7.3 cts prior
+      Pay March 13
+      Record March Two
+  
+
diff --git a/reuters/training/5132 b/reuters/training/5132
new file mode 100644
index 0000000000000000000000000000000000000000..f59b108c4863a9a5bff26f66a5789e763c49517f
--- /dev/null
+++ b/reuters/training/5132
@@ -0,0 +1,22 @@
+ U.S. SAYS CANADA COMPLYING WITH LUMBER PACT
+  The Commerce Department said all
+  Canadian firms have begun to pay an agreed 15 pct surcharge on
+  softwood shipped to U.S. markets.
+      It made the statement after talks with Canadian officials
+  about rumors in Canada that some exporters were not paying the
+  charge.
+      Canada and the U.S. agreed last December to the 15 pct
+  charge, ending a lengthy trade dispute over alleged Canadian
+  subsidies to Canada's softwood exporters.
+      Commerce officials declined to say if any Canadian
+  companies had been evading the charge, but said following the
+  talks they were convinced all exporters were complying with the
+  agreement.
+      Undersecretary of Commerce Bruce Smart said "We are
+  gratified to learn that companies in Canada have begun paying
+  the export charge on lumber."
+      He added the agreement was important to the health of the
+  U.S. lumber industry and he intended to see that it was fully
+  carried out.
+  
+
diff --git a/reuters/training/5134 b/reuters/training/5134
new file mode 100644
index 0000000000000000000000000000000000000000..536f71aa44fbe06294f9420df570009e9b904b08
--- /dev/null
+++ b/reuters/training/5134
@@ -0,0 +1,34 @@
+NO HEAVY COFFEE EXPORT IMPLIED-COLOMBIA OFFICIAL
+  A decision by Colombia to open coffee
+  export registrations for an unlimited amount does not imply the
+  country will heavily sell coffee until recently withheld,
+  Gilberto Arango, president of the private exporters'
+  association, told Reuters.
+      Colombia today opened export registrations for april and
+  may, with the National Coffee Growers' Federation setting no
+  limit.
+      Since the start of the coffee year last october, private
+  exporters were on average allowed 350,000 bags of 60 kilos per
+  month.
+      "Traders will initially interpret this measure as announcing
+  heavy sales. Even today it pressured the market. But it will
+  quickly become apparent that Colombia does not intend to go
+  over the top," Arango said in an interview.
+      "Colombia's marketing policy is to sell without haste but
+  consistently. No targets for volume will be set. We will react
+  to market factors adequately. Colombia has no intention to give
+  its coffee away," he added.
+      Arango described measures adopted here yesterday, including
+  a lower export registration price, as a major change in
+  Colombia's coffee marketing policy.
+      The export registration price, or reintegro, was lowered to
+  1.10 dlr per lb ex-dock new york, or 155.83 dlrs per bag of 70
+  kilos, from 1.35 dlrs (194.33 dlrs).
+      The government announced a more flexible policy of
+  reintegro, in order to closely reflect market trends, which
+  arango warmly welcomed saying private exporters will
+  undoubtedly be more actively present in the market.
+      A frequent gap between international market prices and the
+  reintegro was unlikely to recur, he said.
+  
+
diff --git a/reuters/training/5138 b/reuters/training/5138
new file mode 100644
index 0000000000000000000000000000000000000000..2b8fe22d191f8adc18a648d0b15050f4c8913ef0
--- /dev/null
+++ b/reuters/training/5138
@@ -0,0 +1,5 @@
+GENEVA - negotiators at U.N. Conference agree basic elements in new rubber pact - chairman
+
+  GENEVA - negotiators at U.N. Conference agree basic elements in new rubber pact - chairman
+  
+
diff --git a/reuters/training/5139 b/reuters/training/5139
new file mode 100644
index 0000000000000000000000000000000000000000..05c6bd4f2b1e93b9e7f1545bddfa3d7bcea353cf
--- /dev/null
+++ b/reuters/training/5139
@@ -0,0 +1,55 @@
+MAJOR DIFFERENCES RESOLVED AT RUBBER PACT TALKS
+  Negotiators at a United Nations
+  conference on a new International Natural Rubber Agreement
+  (INRA) have agreed on basic elements in a new pact, conference
+  chairman Manaspas Xuto said.
+      "We have resolved major differences of opinion," he told
+  Reuters.
+      Xuto said the way is now cleared for drafting a new accord,
+  to replace the current one which expires in October.
+      Xuto said: "I welcome the friendly and cooperative
+  atmosphere that has prevailed without interruption" since the
+  talks began last Monday.
+      "It is my hope that delegations will go back home and try to
+  ratify the new agreement," he added.
+      The renegotiation conference, under the auspices of the
+  U.N. Conference on Trade and Development (UNCTAD), is the
+  fourth such meeting in two years.
+      Xuto said producers and consumers had agreed on four
+  points:
+      1) Regular price reviews will be held every 15 months.
+      Previously consumers were proposing 12-month intervals
+  between price reviews instead of 18 in the current pact.
+      2) If the average of the daily market indicator prices over
+  six months prior to a review is below (or above) the lower
+  intervention price (or the upper intervention price), the
+  reference price will be automatically revised downwards (or
+  upwards) by five pct unless the International Natural Rubber
+  Organisation council decides on a higher percentage.
+      If buffer stock purchases or sales reach 300,000 tonnes,
+  the reference price will be lowered or raised by three pct
+  unless the council decides on a higher percentage.
+      3) If the buffer stock reaches 400,000 tonnes, the price at
+  which the additional contingency stock of 150,000 tonnes is
+  brought into operation will be two Malaysian/Singapore cents
+  above the floor price -- or 152 cents.
+      4) The floor price will not be breached. Throughout the
+  talks producers had adamantly resisted a consumer proposal to
+  lower the floor price of 150 cents if the buffer stock,
+  currently 360,000 tonnes, rose to 450,000 tonnes.
+      The proposal, initiated by the U.S., Was withdrawn last
+  night, setting the stage for compromise.
+      Legal drafting of provisions will start next week and
+  formal adoption of the new accord by the 40 countries taking
+  part in the conference is expected to take place on March 20.
+      The current conference was widely seen as the last chance
+  to clinch a deal. Three previous attempts to negotiate a new
+  five- year pact had failed, the last round breaking down in
+  October over consumer demands for tighter controls of the
+  buffer stock.
+      The United States, Japan, West Germany, France, Italy and
+  Britain are the major consumers.
+      UNCTAD's latest estimates project an increase of 8.5 pct in
+  rubber prices this year and 4.1 pct in 1988.
+  
+
diff --git a/reuters/training/514 b/reuters/training/514
new file mode 100644
index 0000000000000000000000000000000000000000..3f07dcec01547f3e554e6c4d46dc6b2fb4d31cfb
--- /dev/null
+++ b/reuters/training/514
@@ -0,0 +1,6 @@
+<FRANKLIN U.S. GOVERNMENT SECURITIES FUND>PAYOUT
+  Mthly div six cts vs six cts prior
+      Pay March 13
+      Record March Two
+  
+
diff --git a/reuters/training/5141 b/reuters/training/5141
new file mode 100644
index 0000000000000000000000000000000000000000..2037d6d02b5f291fc51d8bfeeafd45d95fbed823
--- /dev/null
+++ b/reuters/training/5141
@@ -0,0 +1,11 @@
+S&L ACQUISITION RAISES U.S. 1987 TOLL TO 12
+  The Federal Home Loan Bank Board
+  (FHLBB) announced the acquisition of Home Savings and Loan
+  Association in Seattle, Washington, by InterWest Savings Bank
+  of Oak Harbour, Washington.
+      The FHLBB said Home Savings was the 12th troubled savings
+  institution requiring federal action this year.
+      It said Home Savings had assets of 150.6 mln dlrs in assets
+  and InterWest had assets of 342.9 mln dlrs.
+  
+
diff --git a/reuters/training/5142 b/reuters/training/5142
new file mode 100644
index 0000000000000000000000000000000000000000..ce65825f46f4abe32a02f6583d5284fcb0b7abf0
--- /dev/null
+++ b/reuters/training/5142
@@ -0,0 +1,8 @@
+BANGLADESH TO BUY 10,000 TONNES SOYABEAN OIL
+  Bangladesh floated an international
+  tender for the purchase of 10,000 tonnes of refined soyabean
+  oil for delivery at Chittagong/Chalna port by April 24, Food
+  Ministry officials said.
+      The tender closes March 28 at 0500 GMT.
+  
+
diff --git a/reuters/training/5145 b/reuters/training/5145
new file mode 100644
index 0000000000000000000000000000000000000000..89ad648b094909a6ef13666881766f5e279a4600
--- /dev/null
+++ b/reuters/training/5145
@@ -0,0 +1,26 @@
+ECUADOR ADOPTS AUSTERITY PROGRAM
+  Ecuador announced an austerity program
+  and a price freeze on key consumer goods as a result of last
+  week's earthquake which killed at least 300 people.
+      Presidency Minister Patricio Quevedo said in a televised
+  address that the budget would be cut by five to 10 pct,
+  government hiring would be frozen and salaries of top
+  officials, including the president and cabinet, would be
+  reduced.
+      He also said a price freeze would be imposed on 20 basic
+  consumer items, mainly food staples, while the price of petrol
+  would rise by between 69 and 80 pct and bus fares would rise by
+  20 pct. Petrol supplies would also be limited.
+      Information Ministry officials said the price freeze was
+  aimed at protecting poor Ecuadoreans from a wave of
+  specualtion. Violators would be severely punished, according to
+  the price freeze order, signed by five cabinet ministers.
+      The items for which prices were frozen included rice,
+  sugar, cooking oil, potatoes, salt, wheat flour, cigarettes,
+  soft drinks, school supplies and several kinds of vegetables.
+      Ecuador's consumer price inflation was 23 pct in 1986.
+      The price of 92-octane petrol rises to 110 sucres a U.S.
+  Gallon from 65 sucres. Eighty-octane petrol increases to 90
+  sucres from 50.
+  
+
diff --git a/reuters/training/5146 b/reuters/training/5146
new file mode 100644
index 0000000000000000000000000000000000000000..73ca03a95d724af1e35d675784605d4d7aff209a
--- /dev/null
+++ b/reuters/training/5146
@@ -0,0 +1,12 @@
+SWEDISH TRADE SURPLUS RISES IN FEBRUARY
+  Sweden's trade surplus rose to 3.6
+  billion crowns in February from 1.5 billion in January and 3.48
+  billion in February 1986, the Central Bureau of Statistics
+  said.
+      The trade surplus for the first two months of the year rose
+  to 5.1 billion crowns from 4.9 billion in the corresponding
+  period of 1986.
+      The report said February imports stood at 20.1 billion
+  crowns while exports were 23.7 billion.
+  
+
diff --git a/reuters/training/5148 b/reuters/training/5148
new file mode 100644
index 0000000000000000000000000000000000000000..4cd0b67690c34654258cb02df363cde4cb0cd0d6
--- /dev/null
+++ b/reuters/training/5148
@@ -0,0 +1,19 @@
+YUGOSLAV 1990 STEEL OUTPUT TO HIT 6.3 MLN TONNES
+  Yugoslavian steel output will rise by
+  one mln tonnes to 6.3 mln tonnes a year between 1986 and 1990
+  under a development program adopted by the Yugoslav Iron and
+  Steel Metallurgy Association, the official Tanjug news agency
+  said.
+      The association groups together the main Yugoslav iron and
+  steel enterprises.
+      Extraction of iron ore should show an annual growth rate of
+  nine pct and reach seven mln tonnes by 1990 under the program.
+  Iron output is planned to grow at eight pct a year, reaching
+  4.5 mln tonnes at the end of the decade.
+      Tanjug said the programme would create conditions for
+  raising exports of finished steel products.
+      The main Yugoslav steel producers plan to market 5.35 mln
+  tonnes of steel goods this year, or 150,000 tonnes more than
+  last year, with 1.5 mln tonnes going to export.
+  
+
diff --git a/reuters/training/5149 b/reuters/training/5149
new file mode 100644
index 0000000000000000000000000000000000000000..7f6bdacbb5851902f626e72ceaf02915fa335866
--- /dev/null
+++ b/reuters/training/5149
@@ -0,0 +1,21 @@
+PECHINEY <PUKG.PA> SIGNS SOVIET PACKAGING ACCORDS
+  French state-owned aluminium and special
+  metals group Pechiney said it has signed two protocols of
+  intent to set up joint ventures with the Soviet Union.
+      Pechiney said in a statement one accord was to set up joint
+  ventures manufacturing aluminium packaging for food and
+  cosmetics, while another was to produce machinery to
+  manufacture packaging.
+      Under the latter, Pechiney, which does not manufacture
+  packaging equipment, will form and lead a consortium of yet
+  unspecified European partners, a spokesman said.
+      He said it was early to put figures on possible deals, or
+  outline what form joint ventures would take.
+      The statement said joint working groups for each accord had
+  a three-month deadline to come up with contract proposals.
+      No firm contracts have yet been finalised under new laws
+  enabling joint ventures, First Deputy Prime Minister and
+  Chairman of the State Agro-Industrial Committee (GOSAGROPROM)
+  Vsevolod Murakhovsky told journalists here on Wednesday.
+  
+
diff --git a/reuters/training/5150 b/reuters/training/5150
new file mode 100644
index 0000000000000000000000000000000000000000..6d7f63416681788237c6fd3806a8daaf431afbd4
--- /dev/null
+++ b/reuters/training/5150
@@ -0,0 +1,35 @@
+YUGOSLAVIAN OIL FIRM STARTS WORKING WITH FRENCH
+  Yugoslavia's top oil and natural gas
+  producer <Ina-Naftaplin> has started to implement a cooperation
+  contract signed last year with the French petrochemical concern
+  <Petro Chemie>, the official Tanjug news agency said.
+      Under the deal Petro Chemie supplies oil to Ina refineries
+  in Sisak and Rijeka and ships parts to 12 Yugoslav firms in the
+  petrochemical, chemical, textile and plastics industries. The
+  Yugoslav firms, in turn, will export oil products to France.
+      Tanjug said this year's exchange will value 530 mln dlrs.
+      Ina signed a similar deal with West Germany's Hoechst AG
+  <HFAG.F> two years ago.
+      Ina also has joint ventures and co-production projects,
+  involving Yugoslavia's other main producer <Naftagas> of Novi
+  Sad, with partners in Angola, Algeria and Tunisia, exploring
+  for and exploiting oil and natural gas.
+      An estimated 300,000 tonnes of oil will thus be obtained
+  from fields in Angola over the next 15 years, Tanjug said.
+      Ina accounts for some 75 pct of Yugoslavia's total oil
+  production, which amounts to 4.2 mln tonnes a year.
+      Ina earned more than 154 mln dlrs from exports of goods and
+  services to 39 countries last year and ranks among Yugoslavia's
+  leading export enterprises.
+      In a separate statement issued through Tanjug, Ina said it
+  has successfully completed the first drill at the depth of over
+  3,000 meters in the Bay of Baes, in Tunisia. Ina is jointly
+  prospecting with the U.S. Firm Conoco for oil and gas there.
+      Work on a second drill, below 4,000 meters, would start
+  soon in the Bay of Gabes, the statement said. Ina would invest
+  about 8.5 mln dlrs in prospecting in the Gabes area.
+      Conoco, which has completed geological prospecting for the
+  Tunisian government, has transferred one third of its option
+  rights in the region to Ina, it said.
+  
+
diff --git a/reuters/training/5152 b/reuters/training/5152
new file mode 100644
index 0000000000000000000000000000000000000000..d63fddc8db06e07bb6a6e8e46cc492092fbb9a5f
--- /dev/null
+++ b/reuters/training/5152
@@ -0,0 +1,14 @@
+INDONESIA DENIES GIVING PALM OIL IMPORT LICENCES
+  Indonesia, the world's second largest
+  producer of palm oil, has not issued licences to import the
+  commodity, a spokesman for the Ministry of Trade said.
+      Traders in London said Indonesia has issued licences to
+  local operators to import around 135,000 tonnes of palm oil
+  starting in April, but the spokesman said this was incorrect.
+      A spokesman for the Indonesian Importers Association also
+  denied knowledge of the import plan. He said importers would
+  quickly know if licences were issued. The Trade Ministry
+  official said there was no sign of a palm oil shortage in
+  Indonesia.
+  
+
diff --git a/reuters/training/5153 b/reuters/training/5153
new file mode 100644
index 0000000000000000000000000000000000000000..d502b6564efc92c8cbb395ef3bca3f0837736c42
--- /dev/null
+++ b/reuters/training/5153
@@ -0,0 +1,22 @@
+INDIA TO GET U.K. COAL, STEEL INDUSTRY GRANTS
+  India will get 104.65 mln stg as
+  grants from Britain to develop its coal, zinc and lead
+  industries, the British Information Services said in a
+  statement.
+      It said a 31 mln stg grant would be disbursed over three to
+  four years under an agreement signed here yesterday between the
+  Indian Finance Ministry and the British Overseas Development
+  Administration.
+      The British grants for developing the Indian coal industry
+  using British mechanised longwall technology totalled 52 mln
+  stg in the past 10 years, it said.
+      Under a separate agreement, the British government agreed
+  to provide 73.65 mln stg as a grant to develop a zinc and lead
+  mine at Rampura-Agucha and an associated smelting complex at
+  Chaneriya, both in India's northern state of Rajasthan, the
+  statement said.
+      The grant will finance the basic engineering for the
+  smelter complex to be undertaken by Britain's <Davy McKee> of
+  Stockton. It will also help develop the mine complex, it added.
+  
+
diff --git a/reuters/training/5154 b/reuters/training/5154
new file mode 100644
index 0000000000000000000000000000000000000000..4933fe590d48f559fe338feb1ad04a6319b89d8e
--- /dev/null
+++ b/reuters/training/5154
@@ -0,0 +1,20 @@
+IRAN HAS ANTI-SHIP MISSILES NEAR GULF - PAPER
+  Iran has deployed about six large
+  missiles near the Strait of Hormuz which increase the threat to
+  shipping in the Gulf, the New York Times said.
+      The paper quoted U.S. Intelligence sources as saying the
+  missiles appeared to be of a Chinese design known as HY-2 which
+  is based on the Soviet SSN2 or Styx missile.
+      Styx missiles have a range of up to 50 miles.
+      It said the missiles had been deployed at two sites and
+  quoted a naval analyst as saying they could be used to sink a
+  supertanker and block the Strait of Hormuz.
+      Missiles now used by Iran had only a fraction of the
+  explosive power of the Styx and could sink a supertanker only
+  with a lucky hit, the paper said. None of the new missiles had
+  been fired yet, it added.
+      The CBS television network reported on Friday that Iran had
+  installed new missiles along the Gulf and said Washington had
+  warned Tehran not to use them against civilian shipping.
+  
+
diff --git a/reuters/training/5156 b/reuters/training/5156
new file mode 100644
index 0000000000000000000000000000000000000000..ce316c2bee25ddfc44b58f080e3580cdce7f72a0
--- /dev/null
+++ b/reuters/training/5156
@@ -0,0 +1,35 @@
+BRAZILIAN BANK WORKERS DECIDE ON NATIONAL STRIKE
+  Brazilian bank workers voted
+  to launch a nationwide strike this month, compounding labour
+  unrest arising from the failure of the government's
+  anti-inflation plan.
+      At a rally in this city, about 100 km northwest of Sao
+  Paulo, about 5,000 bank workers voted to strike on March 24
+  unless their demand for 100 pct pay rises is met.
+      Wilson Gomes de Moura, president of the national
+  confederation which groups the bank employees' 152 unions
+  representing 700,000 workers, told Reuters the indefinite
+  stoppage would affect all banks.
+      The vote came as a stoppage by seamen entered its third
+  week and as 55,000 oil workers threatened action against the
+  state-owned petroleum company Petrobras.
+      The government ordered thousands of troops into the
+  refineries on Tuesday to forestall any occupation, but the
+  troops were removed yesterday.
+      Petrobras said it had requested their withdrawal because
+  the refineries were calm and oil workers had indicated their
+  willingess to negotiate next Wednesday. The government has also
+  sent marines into the main ports.
+      A spokesman at strike headquarters for the seamen in Rio de
+  Janeiro said unions were studying an offer by private
+  shipowners for a 120 pct pay rise.
+      Seamen employed by two small companies have already
+  accepted a 120 pct pay rise and returned to work, as have about
+  5,000 seamen employed by Petrobras.
+      Last week also saw widespread protests by hundreds of
+  thousands of farmers over what they see as unfairly high
+  interest rates charged by banks.
+      According to official estimates, prices rose by more than
+  33 pct in the first two months of this year.
+  
+
diff --git a/reuters/training/516 b/reuters/training/516
new file mode 100644
index 0000000000000000000000000000000000000000..053bbc8fa0d7cc9e0566c9628587a5575db93b63
--- /dev/null
+++ b/reuters/training/516
@@ -0,0 +1,17 @@
+CANADA RULING ON U.S. CORN INJURY DUE THIS WEEK
+  The Canadian government is expected
+  to announce later this week its final ruling whether U.S. corn
+  exports to Canada have injured Ontario corn growers, U.S.
+  government and farm group representatives said.
+      The deadline for a final determination is March 7.
+      U.S. officials said they are encouraged by the outcome in a
+  similar case covering European pasta imports. In that case,
+  Canada decided pasta imports, which take about ten pct of the
+  Canadian market, did not injure domestic producers. U.S. corn
+  exports represent only about five pct of the Canadian market.
+      Canada slapped a 1.05 dlrs per bushel duty on U.S. corn
+  imports in November 1986, but reduced the duty to 85 cts last
+  month because the Canadian government said U.S. subsidies to 
+  corn producers were less than Canada earlier estimated.
+  
+
diff --git a/reuters/training/5160 b/reuters/training/5160
new file mode 100644
index 0000000000000000000000000000000000000000..b8c3d6d56f092ed377b089a8f19a5a8fdded735b
--- /dev/null
+++ b/reuters/training/5160
@@ -0,0 +1,25 @@
+BALDRIGE WARNS OF WORLD TRADE WAR DANGER
+  U.S. Commerce Secretary Malcolm
+  Baldrige predicted Congress will pass a reasonable trade bill
+  this year and said tough protectionist legislation could prompt
+  a trade war.
+      "The mood of the Congress right now is as tough on trade as
+  I've ever seen it in six years in Washington," Baldrige said in
+  a television interview.
+      "I think we'll still be able to get a reasonable trade bill
+  out in spite of that because the whole Congress is trying to
+  work together with the administration, but there is a hardening
+  trade attitude," he said.
+      President Reagan opposes protectionist legislation, but
+  agreed to support a trade bill when it became apparent that
+  opposition Democrats would pass such legislation.
+      However, Baldrige warned measures that would penalise
+  trading partners such as Japan, South Korea and Taiwan for
+  failing to cut their trade surpluses with the U.S. Could lead
+  to retaliation and he said he would urge Reagan to veto any
+  such bill.
+      When asked if there is a rising danger of a worldwide trade
+  war, Baldrige said: "Yes, I don't think there's any question
+  about that."
+  
+
diff --git a/reuters/training/5162 b/reuters/training/5162
new file mode 100644
index 0000000000000000000000000000000000000000..bc53f6ed38d3ce3d7f573fa4b957e4ec435ed220
--- /dev/null
+++ b/reuters/training/5162
@@ -0,0 +1,21 @@
+DELORS QUOTED FAVOURING FRANCO-GERMAN BID FOR CGCT
+  European Commission President Jacques
+  Delors, quoted by Le Monde newspaper, said he favoured a
+  Franco-German candidate to take over <Cie Generale de
+  Constructions Telephoniques>, which has a 16 pct stake in the
+  French public telephone switching market.
+      "I wish for a European solution ... That will enable Germany
+  and France to move closer together, which is currently
+  necessary," he was quoted as saying.
+      "Given the situtation of the EC (European Community) and of
+  the importance for our future connunications audiences and of
+  cooperation already undertaken on the Community level, that
+  seems the best choice," Delors added.
+      Five groups, including an alliance between West Germany's
+  Siemens AG <SIEG.F> and France's Schneider S.A. <SCHN.PA>
+  subsidiary Jeumont-Schneider, have applied to buy what is
+  France's second largest telephone switching firm.
+      Under French privatisation law, foreign companies are
+  restricted to a 20 pct stake in privatised companies.
+  
+
diff --git a/reuters/training/5166 b/reuters/training/5166
new file mode 100644
index 0000000000000000000000000000000000000000..a69be59f580373db4b4d71636c7c6824edd25e14
--- /dev/null
+++ b/reuters/training/5166
@@ -0,0 +1,5 @@
+SAUDI OIL MINISTER FORESEES NO NEED FOR NEW OPEC MEASURES BEFORE JUNE 25
+
+  SAUDI OIL MINISTER FORESEES NO NEED FOR NEW OPEC MEASURES BEFORE JUNE 25
+  
+
diff --git a/reuters/training/5167 b/reuters/training/5167
new file mode 100644
index 0000000000000000000000000000000000000000..5c86119f802a2c1ee89211f3178e2f4bc99bd595
--- /dev/null
+++ b/reuters/training/5167
@@ -0,0 +1,73 @@
+SAUDI OIL MINISTER SEES NO NEED TO ALTER OPEC PACT
+  Saudi Arabian Oil Minister Hisham Nazer
+  said OPEC's December agreement to stabilise oil prices at 18
+  dlrs a barrel was being implemented satisfactorily and there
+  was no immediate need to change it.
+      Nazer, in an interview with Reuters and the television news
+  agency Visnews, said Saudi Arabia was producing around three
+  mln barrels per day (bpd) of crude oil, well below its OPEC
+  quota.
+      Saudi Arabia, the world's largest oil exporter, will
+  continue to restrain production as long as other OPEC members
+  adhere to the pact, Nazer said.
+      The 13-nation OPEC agreed in December to cut its production
+  ceiling by 7.25 pct to 15.8 mln bpd and abide by fixed prices
+  averaging 18 dlrs a barrel from February 1.
+      Nazer, in his first interview since succeeding Ahmed Zaki
+  Yamani last October, said: "I do not foresee any need for new
+  measures before the 25th of June when our (next OPEC) meeting
+  will take place as scheduled."
+      Nazer said OPEC was producing below 15.8 mln bpd and all
+  members were abiding by its agreements.
+      "We've heard news every now and then of violations but they
+  were not at all verified," he said.
+      OPEC production curbs have boosted world oil prices from a
+  13-year low of around eight dlrs a barrel last August to near
+  18 dlrs after announcement of the December pact.
+      Spot market prices slipped some two dlrs in February but
+  have firmed in the past two weeks to near OPEC levels as
+  traders gained confidence in OPEC price and output discipline.
+      Nazer said Saudi Arabia would continue to produce below its
+  4.133 mln bpd quota if necessary to defend the 18 dlr price.
+      "As long as all the OPEC members adhere to the program as
+  devised in December, Saudi Arabia will continue to adhere to
+  the agreement," he said.
+      Current production of three mln bpd includes oil from the
+  Neutral Zone shared with Kuwait, but not sales from floating
+  storage, Nazer said.
+      King Fahd of Saudi Arabia, in an interview with Reuters and
+  Visnews on March 11, said the kingdom wanted oil price
+  stability and called on non-OPEC producers to avoid harmful
+  competition with OPEC.
+      "Saudi Arabia doesn't decide prices by itself but certainly
+  desires price stability," he said.
+      Nazer said the output level did not mean the kingdom had
+  returned to a role of "swing producer" within OPEC.
+      Saudi Arabia allowed its output to sink as low as two mln
+  bpd in August 1985 to compensate for slack demand and
+  over-production by some OPEC states.
+      "Saudi Arabia is not playing that role. It is being played
+  by OPEC membership as a whole because the reduction in the 15.8
+  mln bpd share of OPEC in the market is being shared by other
+  members of OPEC," Nazer said.
+      Nazer said OPEC estimated demand for its oil during third
+  quarter this year would be around 16.6 mln bpd.
+      But he said if circumstances changed "I am sure then the
+  OPEC members will consult with each other and take the
+  necessary measures."
+      Oil analysts say the OPEC pact could come under strain when
+  demand for petroleum products generally falls in the northern
+  hemisphere spring and summer.
+      Nazer said he was satisfied with the extent of cooperation
+  from non-OPEC producers. Norway, Egypt and the Soviet Union
+  agreed to help OPEC by restraining production or exports after
+  he visited them on OPEC's behalf earlier this year.
+      "We did not ask any country to do anything. These were
+  programmes they thought were necessary to stabilise market
+  conditions and to help themselves attain better pricing
+  conditions," Nazer said.
+      He said it was up to countries that declined to cooperate
+  -- such as Britain -- to come up with their own proposals if
+  they saw fit.
+  
+
diff --git a/reuters/training/5168 b/reuters/training/5168
new file mode 100644
index 0000000000000000000000000000000000000000..5078c353e00e82e89433ff080bbfafe8b0b1e3a3
--- /dev/null
+++ b/reuters/training/5168
@@ -0,0 +1,32 @@
+IVORY COAST CONFIRMS PRESENCE AT COCOA TALKS
+  A senior Ivory Coast Agriculture
+  Ministry official confirmed his country's backing for a new
+  international cocoa pact and said Ivorian delegates would be
+  present at talks on its buffer stock starting this week.
+      The official told Reuters that Ivorian Agriculture Minister
+  Denis Bra Kanon would attend the opening of the talks, convened
+  by the International Cocoa Organization (ICCO), in London on
+  Monday.
+      While Bra Kanon is due to return home this week for funeral
+  ceremonies for a sister of Ivorian President Felix
+  Houphouet-Boigny, scheduled to be held in the country's capital
+  Yamoussoukro between March 19-22, senior Ivorian delegates will
+  be present throughout the London talks, the official said.
+      Bra Kanon is chairman of the ICCO Council and rumours that
+  he or Ivorian delegates might be delayed because of public
+  mourning in the West African nation helped depress already low
+  world cocoa prices Friday.
+      The official said Ivory Coast continued to support the new
+  pact, which was agreed in principle last year by most of the
+  world's cocoa exporters and consumers.
+      He also said Bra Kanon would fulfil his duties as ICCO
+  Council chairman during the talks, scheduled to end on March
+  27.
+      The meeting aims to set rules for the operation of the
+  pact's buffer stock which producers hope will boost a market
+  hit by successive world cocoa surpluses.
+      Ivory Coast did not participate in the last international
+  cocoa pact and its decision to join the new accord has sparked
+  hopes that it will be more successful in supporting prices.
+  
+
diff --git a/reuters/training/5169 b/reuters/training/5169
new file mode 100644
index 0000000000000000000000000000000000000000..26caf5e02575eac94d6c232d8aff8c8b19d4e6c4
--- /dev/null
+++ b/reuters/training/5169
@@ -0,0 +1,52 @@
+TENSE TRADE TIES TO DOMINATE EC TALKS
+  Tense trade relations with the U.S.
+  And Japan and concern about the foreign impact of a proposed
+  European Community (EC) tax on edible oils and fats are
+  expected to dominate talks by EC foreign ministers here
+  tomorrow.
+      EC diplomats said Britain demanded the early debate on the
+  EC Executive Commission's proposal to impose a hefty tax on
+  domestic and imported oils and fats in an attempt to head off a
+  proposal it sees as extremely damaging to EC foreign relations.
+      The proposal was the most controversial part of a reform
+  package, due to be discussed by EC farm ministers later this
+  month, of the EC's Common Agricultural Policy -- widely seen as
+  the root cause of the EC's persistent financial problems and of
+  tensions with major trading partners.
+      The proposal is described by its promoters as a
+  stabilisation program which would penalise a new sector going
+  into massive overproduction and complement proposals to cut
+  cereals and dairy production, rather than a straight forward
+  tax.
+      They say it would not only curb the growth of oils and fats
+  production and prevent imports from filling any vaccum left by
+  a fall in EC output, but would also save the EC some two
+  billion European Currency Units, over two billion dlrs, in farm
+  costs.
+      It has provoked strong protests from domestic producers as
+  well as foreign exporters, led by the United States.
+      The diplomats said the protests had been received from most
+  corners of the developing and developed world, ranging from
+  Senegal, Malaysia and Indonesia, to Brazil, Argentina, Canada,
+  Iceland and Norway.
+      The proposal had little chance of approval by EC
+  governments, with West Germany as strongly opposed to it as
+  Britain, and Denmark, the Netherlands and Portugal also
+  unconvinced of its political or economic wisdom.
+      Even Mediterranean countries such as Italy, France and
+  Greece, which backed similar proposals in the past, did not
+  seem as enthusiastic now because olive oil had been added to
+  the list of products affected.
+      But the diplomats said a protectionist lobby in the U.S.
+  And elsewhere was using the proposal as an excuse to promote
+  anti-EC action, and the foreign ministers' debate should
+  demonstrate the strength of feeling against the proposal within
+  the EC and deprive its oponents of this argument.
+      The ministers were also due to discuss proposals in the
+  U.S. Congress for a range of protecionist legislation such as a
+  bill that would curb EC textile exports.
+      The diplomats said the ministers were expected to strongly
+  back a Commission warning to Washington that such a bill, if
+  enacted, would provoke swift EC retaliation.
+  
+
diff --git a/reuters/training/517 b/reuters/training/517
new file mode 100644
index 0000000000000000000000000000000000000000..2c8948730f464ec570a67d4e89b8cf1f528f542c
--- /dev/null
+++ b/reuters/training/517
@@ -0,0 +1,6 @@
+FIRST MISSISSIPPI CORP <FRM> SETS PAYOUT
+  Qtly div six cts vs six cts prior
+      Pay April 28
+      Record March 31
+  
+
diff --git a/reuters/training/5171 b/reuters/training/5171
new file mode 100644
index 0000000000000000000000000000000000000000..c6f286bc3f9ab4f70b1633add8be4e1ef59e9745
--- /dev/null
+++ b/reuters/training/5171
@@ -0,0 +1,73 @@
+SAUDI BUSINESSMEN TO DISCUSS PRIVATE SECTOR
+  Saudi Arabian business
+  leaders assembled for a conference aimed at thrashing out
+  problems facing the private sector of the kingdom's
+  oil-dependent economy.
+      The meeting of some 500 top businessmen from across Saudi
+  Arabia comes at a time of guarded optimism in industry and
+  commerce following the OPEC pact to boost world oil prices.
+      The four-day conference in this resort town, high in the
+  mountains above the Tihamah plain stretching to the Red Sea,
+  has been organised by Saudi Arabia's chambers of commerce.
+      Finance Minister Mohammed Ali Abal-Khail and Commerce
+  Minister Suleiman Abdulaziz al-Salim will attend the first day.
+      Bankers and businessmen said the conference will air
+  problems facing commerce and industry after last year's slide
+  in oil prices and examine ways to promote higher investment in
+  a private sector sorely short of finance.
+      Government planners have long recognised that Saudi Arabia,
+  the world's largest crude exporter, needs to foster private
+  enterprise to diversify its oil-based economy.
+      The fledgling private sector was hard hit by the Middle
+  East recession as early as 1983 and several big manufacturing
+  and trading companies ran into problems repaying loans.
+      Renewed optimism this year stems largely from the accord
+  reached by OPEC last December to curb oil output and boost
+  prices to a benchmark level of 18 dlrs per barrel.
+      With oil prices recovering, Saudi Arabia went ahead at the
+  turn of the year with long-delayed budget plans incorporating a
+  52.7 billion riyal deficit to be bridged by drawing down
+  foreign reserves.
+      The simple act of publishing a budget restored a measure of
+  confidence to the business community.
+      Some share prices have risen by more than 35 pct since last
+  November, while banks are generally reporting a slowdown in the
+  number of new non-performing loans.
+      But not all bankers are convinced. One senior corporate
+  finance manager in Riyadh said: "Banks are still reluctant to
+  lend ... There is certainly more optimism in the air, but I am
+  not sure if it is firmly based."
+      Some businessmen and bankers point out that government
+  spending is still under tight control and the non-oil economy
+  may still be contracting.
+      Capital expenditure on large projects has been cut sharply.
+  A U.S. Embassy report on Saudi Arabia published just before the
+  budget said: "While industrialisation has continued to be one of
+  the government's highest priorities, the recession, the
+  payments problem and the lack of financing have reduced Saudi
+  and foreign investor interest in industry."
+      It is the lack of fresh investment that is expected to be a
+  major issue among the businessmen gathered here.
+      Official figures show the number of new licences for
+  industrial ventures fell 24 pct in the six months to March
+  1986, compared with the same period in 1985.
+      Lending by the Saudi Industrial Development Fund, a major
+  source of industry backing, has fallen steadily since 1983.
+      Trading companies have also been hit, some caught with huge
+  inventories of construction equipment as recession bit.
+      Some firms laid off workers and cut bloated inventories.
+  Others have effectively been liquidated. A few have reached
+  agreement with bankers to extend debt repayments.
+      The latest rescheduling is for the shipping-to-hotels
+  conglomerate REDEC. Its negotiators have just initialled a
+  draft accord to restructure payments on 1.3 billion riyals of
+  bank debt.
+      Bankers and businessmen said the conference was also likely
+  to discuss the apparent reluctance of U.S. And British firms to
+  step up investment in the kingdom.
+      A British government delegation has just left Riyadh after
+  holding preliminary talks on ways of offsetting the huge Saudi
+  outlay on a defence contract to supply 132 fighter aircraft
+  worth five billion stg.
+  
+
diff --git a/reuters/training/5172 b/reuters/training/5172
new file mode 100644
index 0000000000000000000000000000000000000000..633488e4cfba0f2d0fcdd63d7f293139145e4904
--- /dev/null
+++ b/reuters/training/5172
@@ -0,0 +1,43 @@
+CITROEN EXPECTS HIGHER PROFITS, HELPED BY AX
+  Automobiles Citroen expects rising
+  sales of its new AX compact car to help boost profits
+  significantly this year, continuing a financial recovery after
+  six straight years of losses, president Jacques Calvet said.
+      Speaking to reporters during weekend trials for the new AX
+  sports model, he said: "All the budgetary forecasts that we have
+  been able to make ... Show a relatively significant improvement
+  in 1987, compared with 1986," he added.
+      Citroen, part of the private Peugeot SA <PEUP.PA> group,
+  increased its share of the French new car market to 13.7 pct in
+  first two months 1987 from 12.1 pct a year earlier. It is
+  aiming for an average 12.8 pct share throughout the year after
+  11.7 pct in 1986.
+      The firm believes it is on target to raise its share of the
+  European market, excluding France, to 3.2 pct this year from
+  2.9 pct in 1986.
+      "Our first problem is to produce enough vehicles to meet the
+  demand," Calvet said. "This is a relatively new problem for us."
+      Citroen lost close to two billion francs in 1984 but cut
+  the deficit to 400 mln in 1985, helped by moves to modernise
+  its range and improve productivity.
+      Calvet indicated last December he expected Citroen's 1986
+  profit to be between 250 and 500 million francs.
+      This weekend he said that those profit estimates "remain
+  about the same -- perhaps even a little more optimistic."
+      Some of this optimism is due to the early success of the
+  AX, launched on the French market last October. It will be
+  available throughout most of western Europe within four months.
+      The car has registered just over 20,000 sales.
+      It is being built at Citroen's large plant at Aulnay-sous-
+  Bois in northern Paris, as well as at Rennes in Brittany and
+  Vigo in Spain, with production just reaching target level of
+  1,000 cars a day.
+      The car, which Citroen markets as an intermediate model
+  between its long-running 2CV and the Visa, is designed to
+  compete with the Renault 5, Volkswagen Polo and Opel Corsa.
+      The AX had built up its market share in France to around
+  four pct last month. Calvet said: "Our hope is that once the AX
+  is fully developed, we will have between 6.5 and seven per cent
+  of the national market."
+  
+
diff --git a/reuters/training/5175 b/reuters/training/5175
new file mode 100644
index 0000000000000000000000000000000000000000..9f04df023b9e363304501dee26c2e7e9aa7952f9
--- /dev/null
+++ b/reuters/training/5175
@@ -0,0 +1,14 @@
+NO TAIWAN SUGAR EXPORTS EXPECTED THIS YEAR
+  Taiwan is not expected to export sugar
+  this year because of falling production and growing domestic
+  consumption, state-owned Taiwan Sugar Corp said.
+      A company spokesman told Reuters this will be the first
+  time in more than 40 years Taiwan has not exported sugar. Last
+  year, sugar exports totalled 149,755 tonnes.
+      He said the actual production during the 1986/87 season
+  (November/May) is about 480,000 tonnes, barely enough to meet
+  local consumption. This compares with actual 1985/86 output of
+  570,000. He said the production fall was due to typhoon damage
+  to more than 6,000 hectares of canefields last year.
+  
+
diff --git a/reuters/training/5176 b/reuters/training/5176
new file mode 100644
index 0000000000000000000000000000000000000000..24e124217adb6a22225d390d2b07e5918c597796
--- /dev/null
+++ b/reuters/training/5176
@@ -0,0 +1,76 @@
+LEADING INDUSTRIAL NATIONS TO MEET IN APRIL
+  Leading industrial nations will meet
+  again next month to review their accord on currency stability,
+  but U.S. Officials said financial markets are convinced for now
+  the countries will live up to commitments to speed up economic
+  growth.
+      The narrow currency movements of recent weeks strongly
+  suggests the six leading industrial countries have tamed the
+  normally unruly financial markets and next month's talks seem
+  likely to build on that stability.
+      A Reagan administration official said the Paris agreement
+  last month was the main reason markets were calm.
+      But he said in an interview that financial markets also
+  understood, "That all six countries concluded that the measures
+  to be taken over a period of time in the future should foster
+  stability of exchange rates around current levels. That is in
+  fact what has happened since Paris."
+      Monetary analysts said stability has been helped in part by
+  the decision of industrial nations to bury the hatchet and
+  cease to quarrel over short-term policy objectives.
+      Instead they have focused on medium-term policy goals, but
+  left room to adjust their agreements with periodic meetings.
+      The official refused to comment, however, on whether the
+  agreement included a secret pact to consider further
+  coordinated interest rate cuts -- a measure industrial nations
+  have taken jointly several times in the past year.
+      On February 22, the United States, Japan, West Germany,
+  France, Britain and Canada agreed that major currencies were
+  within ranges broadly reflecting underlying economic
+  conditions, given commitments by Washington to cut its budget
+  deficit and by Toyko and Bonn to boost economic growth.
+      The shake-up would strengthen the U.S. Position in
+  future international talks.
+      "I think these changes will strengthen the President's hand
+  politically and the stronger he is politically the better off
+  we are with the Congress and the better off we are in
+  international fora," said the official, an Administration
+  economic policymaker. "So it would be beneficial to the
+  continued conduct of our initiatives."
+      But the official also said the Administration would resist
+  calls for a tax increase to cut the budget deficit -- a target
+  Europeans say is crucial to help curb economic instability.
+      Last week, dealers said the Federal Reserve intervened to
+  stop the dollar rising against the mark, which had breached
+  1.86 to the dollar. British authorities are also understood to
+  have intervened to curb sterling's strength.
+      International monetary sources say finance ministers and
+  central bankers, who will review market performance and their
+  own economic prospects, will reassemble again in Washington
+  just before the April 9 policymaking meeting of the
+  International Monetary Fund.
+      The sources said Italy, which refused to join the Paris
+  pact, was invited back by Treasury Secretary James Baker.
+      Since Paris, there are signs West German growth is slowing,
+  while U.S. Officials said they were giving Japan until April to
+  show that an economic stimulus package was in the offing.
+      Signs of concern about German prospects emerged recently
+  when Bundesbank (central bank) president Karl Otto Poehl told
+  bankers he would consider cutting West German interest rates if
+  the Fed was ready to follow suit.
+      A Reagan Administration official said this would show there
+  had been some change in approach on the part of the central
+  bank in Germany.
+      But he declined to comment on the prospects for action by
+  the Fed and the Bundesbank.
+      "If there is such a provision it is private and if I talked
+  about it, it would no longer be private," said the official, who
+  asked not to be identified.
+      Public comments by Fed officials suggest the central bank
+  is keeping credit conditions broadly unchanged, but if the
+  major economies continue to show sluggish growth and the U.S.
+  Trade deficit remains stubbornly high, further coordinated
+  action could be on the April agenda.
+   REUTER...
+  
+
diff --git a/reuters/training/5177 b/reuters/training/5177
new file mode 100644
index 0000000000000000000000000000000000000000..7c040280e38148b79b0a9e9dfe8ccbee3c92245c
--- /dev/null
+++ b/reuters/training/5177
@@ -0,0 +1,36 @@
+HARPER AND ROW <HPR> TO MULL OPTIONS AFTER BIDS
+  Harper and Row Publishers Inc said its
+  board of directors decided to take no action on two takeover
+  bids that the company has received. Instead, it appointed a
+  committee of independent directors to study strategic
+  alternatives for the 170-year-old firm.
+      The alternatives include continuation of the company's
+  existing business plans, possible business combinations, sales
+  of stock, restructuring and the sale of all or part of the
+  company.
+      Kidder Peabody and Co Inc has been retained to advise on
+  the alternatives, Harper and Row added.
+      Private investor Theodore Cross last week offered 34 dlrs a
+  share for Harper and Row, prompting a rival bid of 50 dlrs a
+  share from another publishing firm, Harcourt Brace Jovanovich
+  Inc <HBJ>.
+      After considering the two offers at a meeting on Friday,
+  the Harper and Row board decided not to act on them.
+      The directors unanimously expressed their strong desire to
+  preserve the company's independence and take advantage of its
+  "considerable future prospects," according to director Winthrop
+  Knowlton, former chief executive and now chairman of the newly
+  established independent committee.
+      "However, given the significant current interest in the
+  company, we also feel that we should carefully review all the
+  options available. The committee will consider all the
+  pertinent facts and alternatives.... We intend to make a
+  careful and informed decision but will proceed expeditiously to
+  a conclusion," Knowlton said.
+      Pending its deliberations, Harper and Row's board has
+  postponed indefinitely a special meeting of stockholders that
+  had been scheduled for April 2 to discuss a proposal to
+  recapitalize the company's stock to create two classes of
+  shares with different voting rights.
+  
+
diff --git a/reuters/training/5178 b/reuters/training/5178
new file mode 100644
index 0000000000000000000000000000000000000000..cd5fa502221571aa292d2f9682b3bbb4635f9569
--- /dev/null
+++ b/reuters/training/5178
@@ -0,0 +1,36 @@
+SOVIET FIGURES SHOW ECONOMY STILL SHORT OF TARGETS
+  The Soviet economy recovered slightly
+  last month after a poor performance in January, but major
+  industries, including oil and machinery, are still short of
+  production targets, official figures show.
+      Central Statistical Board data published in the weekly
+  Ekonomicheskaya Gazeta yesterday showed that industrial output
+  was only up 0.8 pct in the first two months of 1987 over the
+  same period of last year.
+      However, the figure for January alone showed a fall in
+  output of 0.1 pct from a year earlier. Production is targetted
+  to increase 4.4 pct for all of 1987.
+      The figures showed that only 77 pct of enterprises met
+  their supply obligations in January and February.
+      Production of oil, the country's main export to Western
+  nations, hit 100 mln tonnes in January and February, up from
+  97.3 mln a year earlier, and exceeded its target by 0.5 pct.
+      Economists said this reflected the huge investments poured
+  into the oil sector in recent months in an effort to reverse
+  the stagnation in production which began in November 1983.
+      Falling world oil prices last year helped cause a decline
+  in Soviet trade with the West to 130 billion roubles from 141.6
+  billion in 1985.
+      Ekonomicheskaya Gazeta said labour productivity targets
+  were also not fulfilled, but did not give figures.
+      Economists said the overall data reflected exceptionally
+  bad weather at the start of the year and stricter quality
+  controls imposed on enterprises.
+      Production in the machine-building sector, a priority in
+  Moscow's plans for economic renewal, recovered slightly in
+  February but was still 3.6 pct lower in the first two months of
+  the year compared with the same period of 1986.
+      The figures showed that five republics produced less than
+  in the first two months of 1986.
+  
+
diff --git a/reuters/training/518 b/reuters/training/518
new file mode 100644
index 0000000000000000000000000000000000000000..831ffa6a2d617e5ef62b3dc6b2e2a785ee9165b8
--- /dev/null
+++ b/reuters/training/518
@@ -0,0 +1,20 @@
+ROTTERDAM PORT UNION AND EMPLOYERS TO MEET
+  Dutch port and transport union, FNV,
+  agreed to an employers' request to reconvene abandoned peace
+  talks tonight to try to end strikes that have disrupted
+  Rotterdam's general cargo sector for the past six weeks, a
+  union spokesman said.
+      Talks broke down Thursday when the union walked out after
+  employers tabled their final offer to end the strikes which
+  started January 19 in protest at planned redundancies of 800
+  from the sector's 4,000 workforce, starting with 350 this year.
+      The employers' invitation to restart the talks comes on the
+  day a deadline set by Minister of Social Affairs Louw de Graaf
+  for a resolution of the dispute expires.
+      De Graaf said if the dispute had not ended by today he
+  would withdraw the 10 mln guilder annual labour subsidy to the
+  sector.
+      No comment was immediately available from the employers'
+  organization.
+  
+
diff --git a/reuters/training/5181 b/reuters/training/5181
new file mode 100644
index 0000000000000000000000000000000000000000..ccc7c88a6f9e44be66cf65dd0fd89a4b9fc2cf62
--- /dev/null
+++ b/reuters/training/5181
@@ -0,0 +1,32 @@
+PERU BEGINS FOREIGN EXCHANGE RATIONING
+  Peru will put into effect Monday a foreign
+  exchange rationing system for imports designed to stop a slide
+  in the country's international reserves, a government decree in
+  the Official Gazette said.
+      Under the system, importers will be required to present a
+  bill from the foreign seller of goods and apply for a license
+  for foreign exchange. The central bank will have 10 days to
+  decide whether to issue the required foreign exchange.
+      Net international reserves now total about 800 mln dlrs
+  compared to 1.54 billion dlrs a year ago.
+      The system will be effective until the end of 1988.
+      A ceiling for foreign exchange availability will be set by
+  a council with members from the central bank, the economy
+  ministry and the planning and foreign trade institutes. The
+  central bank will issue licenses to procure foreign exchange in
+  accordance with guidelines set by the council.
+      Peru's reserves fell sharply due to a drop in the trade
+  surplus to about five mln dlrs in 1986 from 1.1 billion in
+  1985, according to preliminary central bank estimates.
+     Total exports dropped to 2.50 billion dlrs last year against
+  2.97 billion in 1985.
+     Imports last year rose sharply as gross domestic product
+  grew by about 8.5 pct, the highest economic growth level
+  registered in 12 years. Imports were about 2.49 billion dlrs in
+  1986 against 1.87 billion in 1985, according to preliminary
+  estimates.
+      The cushion of reserves allowed Peru to take a hard-line
+  debt stance last year and suspend most payments due on its 14.3
+  billion dlr foreign debt.
+  
+
diff --git a/reuters/training/5183 b/reuters/training/5183
new file mode 100644
index 0000000000000000000000000000000000000000..a7d5404dbefb2b32e75f1ee123d46f8ce12945c5
--- /dev/null
+++ b/reuters/training/5183
@@ -0,0 +1,24 @@
+TAIWAN SAYS U.S. WANTS TAIWAN DOLLAR TO APPRECIATE
+  The United States wants Taiwan's
+  currency to appreciate faster to reduce Taiwan's trade surplus
+  with the U.S., A senior trade official said.
+      Board of Foreign Trade director Vincent Siew told reporters
+  on Saturday U.S. Officials told him in Washington last week
+  that unless Taiwan allowed its dollar to rise faster it would
+  face retaliation.
+      Siew returned from Washington on Friday after the U.S
+  responded to Taiwan's request to increase its textile export
+  quotas by promising further talks in May. Taiwan's surplus with
+  the U.S. Hit a record 13.6 billion U.S. Dlrs in 1986.
+      Washington signed a three-year accord with Taipei last year
+  limiting textile export growth to 0.5 pct a year.
+      Siew said the Taiwan dollar had risen by about 15 pct
+  against the U.S. Dollar since September 1985.
+      It surged last week amid indications Washington was seeking
+  a major rise in its value. It rose four cents against the U.S.
+  Dollar on Saturday to close at 34.59.
+      Western trade sources told Reuters Taiwan and the U.S. Have
+  been holding talks on the currency issue but added it is not
+  clear how far Washington wants to see the Taiwan dollar rise.
+  
+
diff --git a/reuters/training/5185 b/reuters/training/5185
new file mode 100644
index 0000000000000000000000000000000000000000..7bc22e600adda70250d52ac4e4baa771257913c8
--- /dev/null
+++ b/reuters/training/5185
@@ -0,0 +1,21 @@
+TANZANIA WANTS TO EXPORT 200,000 TONNES OF MAIZE
+  Tanzania seeks to export a
+  surplus of 200,000 tonnes of maize from last year's bumper
+  harvest, agriculture minister Paul Bomani said yesterday.
+      The 1986 maize crop was officially estimated at 2.1 mln
+  tonnes, but only a fraction of this was marketed, with most
+  grain consumed by the farmers who grew it.
+      The state-owned National Milling Corp (NMC) meanwhile said
+  it is trying to sell 190,742 tonnes of maize stored in
+  different parts of the country.
+      NMC acting general manager John Rubibira said Tanzania has
+  only 56,000 tonnes of silo storage capacity, concentrated in
+  Dar es Salaam, Arusha in the north and Iringa in central
+  Tanzania.
+      In addition, the country has 450,000 tonnes of flat storage
+  capacity, he added.
+      Rubibira said the government is planning to build new silos
+  in the main maize producing areas of Iringa, Mbeya, Ruvuma and
+  Rukwa.
+  
+
diff --git a/reuters/training/5188 b/reuters/training/5188
new file mode 100644
index 0000000000000000000000000000000000000000..bd4b6580cf39f127999de728ae1c32a14fd4432f
--- /dev/null
+++ b/reuters/training/5188
@@ -0,0 +1,11 @@
+<THE NATIONAL BANK OF NEW ZEALAND LTD>
+  Year to December 31, 1986
+      Net profit 78 mln N.Z. Dlrs vs 45 mln
+      Pre-tax profit 147 mln vs 88 mln
+      Total assets 7.7 billion vs 6.4 billion
+      Notes - The company is 100 pct owned by Lloyds Bank Plc
+  <LLOY.L>. Results include for the time first a pre-tax profit,
+  of 11 mln N.Z. Dlrs, from Australian unit <Lloyds Bank NZA
+  Ltd>.
+  
+
diff --git a/reuters/training/5189 b/reuters/training/5189
new file mode 100644
index 0000000000000000000000000000000000000000..822c3d374d4745f687acb14b9b6ef39958ea4a5e
--- /dev/null
+++ b/reuters/training/5189
@@ -0,0 +1,25 @@
+AUSTRALIAN CURRENT ACCOUNT DEFICIT SEEN NARROWING
+  Australia's current account deficit for
+  February is expected to narrow to a range of between 700 mln
+  and one billion dlrs, from the unrevised January level of 1.29
+  billion, market economists polled by Reuters said.
+      Statistics Bureau February figures are out tomorrow.
+      The economists said a key element in the narrowing would be
+  a reversal of the drop in exports which took place in January,
+  after a sharp rise in December when the deficit was only 598
+  mln dlrs.
+      As an example they quoted wheat export volume, which rose
+  about 30 pct in February after dropping as much in January.
+      A lack of aircraft imports in February should also
+  contribute on the trade account although it is still likely to
+  remain in deficit, the economists said.
+      Other positive influences on the current account balance
+  should be a decline in the invisibles deficit following a
+  seasonal fall in interest payments and the dropping out of
+  certain official aid payments, they said.
+      They said the Australian dollar, which last week touched an
+  eight-month high of 0.6900 U.S. Dlrs but is now around the
+  0.6800 level, should not react adversely to the figures unless
+  the current account shortfall tops one billion dlrs.
+  
+
diff --git a/reuters/training/519 b/reuters/training/519
new file mode 100644
index 0000000000000000000000000000000000000000..067a222e07d0de45c8450c324b9751032d0bf56b
--- /dev/null
+++ b/reuters/training/519
@@ -0,0 +1,5 @@
+FED SETS 1.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+
+  FED SETS 1.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+  
+
diff --git a/reuters/training/5190 b/reuters/training/5190
new file mode 100644
index 0000000000000000000000000000000000000000..e25afe1e1e73572d92dbeef1df0f8260973713e1
--- /dev/null
+++ b/reuters/training/5190
@@ -0,0 +1,38 @@
+ZAMBIA, IMF TALKS HIT PROBLEMS OVER FOOD SUBSIDIES
+  Zambia's talks with the World Bank and
+  International Monetary Fund (IMF) on a financial rescue package
+  have run into difficulties on the issue of food subsidies, an
+  official newspaper said.
+      The Times of Zambia, which is run by the ruling United
+  National Independence Party (UNIP), quoted official sources as
+  saying the IMF and World Bank had refused to continue financing
+  food subsidies and were pressing the government to explain how
+  it proposes to pay for them.
+      President Kenneth Kaunda tried to abolish maize subsidies
+  last December, in line with IMF recommendations, but the move
+  caused maize meal prices to double overnight and led to riots
+  in which 15 people were killed.
+      The subsidies were immediately restored as part of moves to
+  quell the disturbances, but they are estimated to cost the
+  government about 500 mln kwacha per year.
+      The Times of Zambia said another major issue in the
+  government's current talks with the IMF and World Bank was the
+  remodelling of Zambia's foreign exchange auction.
+      The central bank's weekly auction of foreign exchange to
+  the private sector has been suspended since the end of January,
+  pending modifications to slow down the rate of devaluation and
+  dampen fluctuations in the exchange rate.
+      The kwacha slid to around 15 per dollar under the auction
+  system, losing 85 pct of its value in 16 months. However, since
+  the end of January it has been revalued to a fixed rate of nine
+  per dollar.
+      Banking sources said Zambia was persuaded by the World Bank
+  and IMF to lift its proposed ceiling of 12.50 kwacha per dollar
+  on the currency's devaluation once the auctions restart.
+      According to the Times of Zambia, the IMF team, led by
+  assistant director for Africa Paul Acquah, is due to conclude
+  its talks with the government on schedule on March 23.
+      The IMF mission arrived in Lusaka on February 26 and its
+  talks with the government have taken longer than expected.
+  
+
diff --git a/reuters/training/5191 b/reuters/training/5191
new file mode 100644
index 0000000000000000000000000000000000000000..8c3104d092aa8f806e8077451a7f9d8f65e993f2
--- /dev/null
+++ b/reuters/training/5191
@@ -0,0 +1,13 @@
+JAPAN LINE SELLING TANKERS AND BULKERS
+  Major tanker operator, Japan Line Ltd
+  <JLIT.T>, is selling 20 VLCCs and several bulk carriers for
+  scrap or further trading, industry sources said.
+      The tanker disposals include Japan Orchid (231,722 dwt),
+  Japan Lupinus (233,641 dwt), Sovereign (233,313 dwt), Rosebay
+  (274,531 dwt), Saffron (268,038 dwt) and Cattleya (267,807
+  dwt), all of which have been reported on the London sale and
+  purchase market, they said, but refused to give further
+  details.
+      Japan Line officials declined to comment.
+  
+
diff --git a/reuters/training/5192 b/reuters/training/5192
new file mode 100644
index 0000000000000000000000000000000000000000..9da39e6f1de6ce1b79941240e70a4862bac5a105
--- /dev/null
+++ b/reuters/training/5192
@@ -0,0 +1,32 @@
+(CORRECTED)-IVORY COAST CONFIRMS PRESENCE AT TALKS
+  A senior Ivory Coast Agriculture
+  Ministry official confirmed his country's backing for a new
+  international cocoa pact and said Ivorian delegates would be
+  present at talks on its buffer stock starting this week.
+      The official told Reuters that Ivorian Agriculture Minister
+  Denis Bra Kanon would attend the opening of the talks, convened
+  by the International Cocoa Organization (ICCO), in London on
+  Monday.
+      While Bra Kanon is due to return home this week for funeral
+  ceremonies for a sister of Ivorian President Felix
+  Houphouet-Boigny, scheduled to be held in the country's capital
+  Yamoussoukro between March 19-22, senior Ivorian delegates will
+  be present throughout the London talks, the official said.
+      Bra Kanon is chairman of the ICCO Council and rumours that
+  he or Ivorian delegates might be delayed because of public
+  mourning in the West African nation helped depress already low
+  world cocoa prices Friday.
+      The official said Ivory Coast continued to support the new
+  pact, which was agreed in principle last year by most of the
+  world's cocoa exporters and consumers.
+      He also said Bra Kanon would fulfil his duties as ICCO
+  Council chairman during the talks, scheduled to end on March
+  27.
+      The meeting aims to set rules for the operation of the
+  pact's buffer stock which producers hope will boost a market
+  hit by successive world cocoa surpluses.
+      Ivory Coast did not participate in the last international
+  cocoa pact and its decision to join the new accord has sparked
+  hopes that it will be more successful in supporting prices.
+  
+
diff --git a/reuters/training/5193 b/reuters/training/5193
new file mode 100644
index 0000000000000000000000000000000000000000..17c694cfb7e07710c3575a999c8253cd8a95f429
--- /dev/null
+++ b/reuters/training/5193
@@ -0,0 +1,33 @@
+TREASURY, FOREIGN RESERVES ARE JORDAN'S PRIORITIES
+  Jordan's key economic priorities are
+  having a sound national treasury and adequate foreign exchange
+  reserves, Prime Minister Zeid al-Rifa'i said.
+      "First, the national treasury should be in sound shape when
+  dealing with the public and other countries so that its
+  credibility is preserved," he said in a television interview
+  Saturday.
+      "The second priority is to maintain an acceptable level of
+  foreign exchange reserves to provide (the) stability and
+  confidence needed by the government to meet foreign
+  commitments."
+      Rifa'i said Jordan's outstanding government-guaranteed and
+  commercial loans total 902 mln dinars with a debt service ratio
+  of 14.9 pct.
+      The figure was sharply lower than the 1.02 billion dinars
+  in outstanding loans at the end of September, according to
+  latest Central Bank figures.
+      Rifa'i dismissed the view of some bankers and economists
+  here that the dinar, which is pegged to a basket of currencies,
+  is overvalued.
+      "The dinar is strong and stable and we intend to preserve
+  its stability," he said.
+      The prime minister said he hoped the next Arab summit would
+  tackle the question of continuing financial aid to Jordan.
+  Under a 10-year agreement reached in 1978, Jordan was to
+  receive a total of 1.25 billion dlrs annually from Algeria,
+  Iraq, Kuwait, Libya, Qatar, Saudi Arabia and the United Arab
+  Emirates to help it resist Israel.
+      But only Saudi Arabia met its obligations, while the others
+  failed because of falling income due to lower oil prices.
+  
+
diff --git a/reuters/training/5194 b/reuters/training/5194
new file mode 100644
index 0000000000000000000000000000000000000000..7f3fc512dfba460c4af4f1fcd57afb71a71dfbd6
--- /dev/null
+++ b/reuters/training/5194
@@ -0,0 +1,13 @@
+LANGE PREDICTS N.Z. INFLATION TO FALL TO 8-10 PCT
+  New Zealand's inflation rate could
+  fall to eight pct in the coming year, Prime Minister David
+  Lange said.
+      He said forecasts to be released soon by research groups
+  would predict a rate of around eight or nine pct in the 12
+  months to the end of March 1988, against 18.2 pct in calendar
+  1986.
+      "I predict it will be something between eight and 10 per
+  cent," he told a news conference.
+      Lange would not name the forecasting groups.
+  
+
diff --git a/reuters/training/5195 b/reuters/training/5195
new file mode 100644
index 0000000000000000000000000000000000000000..abb1aeba91fe05872725b6dbf40b852314b5e6b1
--- /dev/null
+++ b/reuters/training/5195
@@ -0,0 +1,24 @@
+MALAYSIA WELCOMES ACCORD ON NEW RUBBER PACT
+  Malaysian Primary Industries
+  Minister Lim Keng Yaik welcomed the basic accord reached over
+  the weekend in Geneva between producers and consumers on a new
+  International Natural Rubber Agreement (INRA).
+      "This is a good development and if a new pact is adopted
+  this week it will augur well for the rubber industry and prices
+  in the long term," he told Reuters here.
+      Negotiators at a United Nations conference on a new INRA
+  resolved differences and agreed last Saturday on basic elements
+  for a new pact to replace the current one, which expires in
+  October.
+      Conference Chairman Manaspas Xuto said legal drafting of
+  the new pact will begin this week and it is expected to be
+  formally adopted by some 40 countries on March 20.
+      Malaysia, the world's top producer, acted as spokesman for
+  producers at the talks, which began on March 9.
+      Malaysian traders said they expected prices to firm by a
+  few cents on the news that a pact is expected to be adopted.
+      Prices will also firm in the short term because some
+  370,000 tonnes of rubber held in INRA buffer stock will not be
+  liquidated with a new pact in sight, they said.
+  
+
diff --git a/reuters/training/5196 b/reuters/training/5196
new file mode 100644
index 0000000000000000000000000000000000000000..d47bf5e885374d4a01f1dc83177cc4b1087d7082
--- /dev/null
+++ b/reuters/training/5196
@@ -0,0 +1,22 @@
+JAPAN JANUARY INDUSTRIAL PRODUCTION REVISED UP
+  Japan's January seasonally adjusted
+  industrial production index (base 1980) was revised upwards to
+  122.3 from a preliminary 122.0, the Ministry of International
+  Trade and Industry said.
+      The revised adjusted January index was down 0.5 pct from
+  December when it rose 3.6 pct from a month earlier.
+      The revised unadjusted January index rose 0.5 pct from a
+  year earlier, after a one pct year-on-year December rise.
+      The adjusted producers' shipment index (base 1980) for
+  January was revised upward to 117.7 from a preliminary 117.4.
+      The index was down 0.7 pct from December when it rose three
+  pct from a month earlier. The revised unadjusted index was up
+  1.0 pct from a year earlier after a 1.4 pct year-on-year
+  December rise.
+      The adjusted index of producers' inventories of finished
+  goods (base 1980) for January was unchanged from a preliminary
+  105.9. The index was down 0.3 pct from December when it rose
+  1.1 pct. Unadjusted, the revised index was down 2.3 pct from a
+  year earlier after a 2.1 pct year-on-year drop in December.
+  
+
diff --git a/reuters/training/5201 b/reuters/training/5201
new file mode 100644
index 0000000000000000000000000000000000000000..a79e30d772deb5dc332567cc675f061e06c134e1
--- /dev/null
+++ b/reuters/training/5201
@@ -0,0 +1,73 @@
+GERMAN BANKING AUTHORITIES WEIGH SWAP REGULATIONS
+  German banking authorities are
+  weighing rules for banks' off-balance sheet activities in an
+  attempt to cope with the growing volume of sophisticated
+  capital market instruments, banking sources said.
+      Interest rate and currency swaps and currency options are
+  under closest scrutiny, and if revisions are made they may
+  resemble regulation jointly proposed by the U.S. And U.K. To
+  Japan. Juergen Becker, director of the Bundesbank's division of
+  banking law and credit supervision, said the U.S.-British
+  proposals were interesting, but declined to elaborate.
+      But banking sources said West Germany was more likely to
+  produce its own conclusions than to adopt foreign proposals.
+      "There is no formal plan yet, but talks are in the latter
+  stages," one representative of the German Banking Association in
+  Cologne said. Bankers expect rule changes this year.
+      All alterations must be approved by the Bundesbank, West
+  Germany's four major banking associations and the Federal
+  Banking Supervisory Office.
+      Talks have been slowed by the fact that fundamental changes
+  would require a revision of Germany's credit law, which has
+  been in effect since 1934.
+      Authorities favour reinterpreting the credit law to fit
+  present circumstances in order to avoid the long parliamentary
+  political process of changing it, banking sources said.
+      Since the beginning of 1984 the banking law has limited
+  banks' lending to 18 times shareholders' equity plus reserves,
+  on a consolidated basis.
+      But lending ratios do not extend to several newer
+  instruments such as spot and forward currency contracts,
+  currency and interest swaps, commercial paper programs,
+  currency options, interest rate futures in foreign currencies
+  and various innovative types of interest rate hedges.
+      The sources said the main value of the U.S.-U.K. Proposals
+  lay in differentiating between different types of risk factor,
+  and, for instance, in placing greater weight on currency swaps
+  than interest swaps. But even if German banking authorities
+  agree with some of the assessments of swaps, they disagree on
+  how to find balance sheet equivalents for the risk.
+      U.S.-British proposals include a complicated series of
+  formulae for assessing the stream of payments involved in
+  swaps, whose ultimate risk is borne by the financial
+  intermediary, especially when counterparties remain anonymous.
+  This is the so-called market-to-market value.
+      But German authorities are likely to consider this much too
+  complex and to base their evaluation instead on a schedule of
+  lending ratings assigned according to the creditworthiness of
+  the borrowers involved, the sources said.
+      The weightings, also likely if lending ratios are extended
+  to include banks' securities portfolios, are zero for public
+  authorities, 20 pct for domestic banks, 50 pct for foreign
+  banks and 100 pct for other foreign and non-bank borrowers.
+      A further complication is that the more flexible
+  definitions of equity allowed in the U.S. And the U.K. May put
+  German banks at a competitive disadvantage, the sources said.
+      Stricter definitions here also mean the use of a version of
+  the U.S.-U.K. Proposals could far exceed the intent of the U.S.
+  And British authorities, the sources said.
+      One specialist for Dresdner Bank AG said a long-dated
+  foreign exchange forward transaction could, for instance, be
+  brought under the same rule as a cross-currency swap, despite
+  the fact that the risk may be entirely different.
+      How new regulations will affect foreign banks here was
+  uncertain. Many have converted to full subsidiary status and
+  applied for a full banking licence over the last two years in
+  order to lead-manage mark eurobonds.
+      But as their equity capital is fairly small, tight lending
+  ratios will severely hamper foreign banks' freedom of movement,
+  particularly in the growing business of currency swaps, if they
+  are required to include more transactions in the balance sheet,
+  the sources added.
+  
+
diff --git a/reuters/training/5203 b/reuters/training/5203
new file mode 100644
index 0000000000000000000000000000000000000000..bcb4737bbfe51134834b84f86bcb9ba78168aa28
--- /dev/null
+++ b/reuters/training/5203
@@ -0,0 +1,32 @@
+BHP TO MERGE BHP MINERALS AND UTAH INTERNATIONAL
+  The Broken Hill Pty Co Ltd <BRKN.S>
+  said it will merge its BHP Minerals division and <Utah
+  International Inc> into a single business unit under a common
+  management structure.
+      The merger will be effective June 1, coinciding with the
+  retirement of Utah International chairman and chief executive
+  Bud Wilson, BHP said in a statement.
+      The new BHP-Utah Minerals International Group will be
+  headed by Jim Curry as executive general manager and chief
+  executive officer. Curry is currently executive vice-president
+  of Utah International, BHP said.
+      <BHP Petroleum (Americas) Inc>, formerly part of Utah
+  International, will become a subsidiary of BHP's renamed <BHP
+  Petroleum International>, now <BHP Petroleum Pty Ltd>, the
+  company said.
+      BHP will also bring its Queensland coal operations under
+  one management structure and consolidate minerals marketing and
+  sales offices in various markets throughout the world.
+      BHP acquired Utah from General Electric Co <GE> in 1984.
+      Utah's assets include stakes of 40.25 to 52.25 pct in seven
+  large Central Queensland coking mines, 49 pct of the Samarco
+  iron ore operation in Brazil, 60 pct of La Escondida copper
+  deposit in Chile, the Island Copper mine at Port Hardy in
+  Canada, 70 pct of a coal mine and 30 pct of a gold mine in
+  South Africa and coal and other mines in the U.S.
+      BHP Minerals' assets include wholly and partly-owned iron
+  ore mines, coal mines, manganese and base-metal operations or
+  prospects and 30 pct of the Ok Tedi gold-copper project in
+  Papua New Guinea.
+  
+
diff --git a/reuters/training/5204 b/reuters/training/5204
new file mode 100644
index 0000000000000000000000000000000000000000..f091795ca641689457d28b071768e493b6340d75
--- /dev/null
+++ b/reuters/training/5204
@@ -0,0 +1,5 @@
+Bank of Japan satisfied with yen around current range, senior bank official says
+
+  Bank of Japan satisfied with yen around current range, senior bank official says
+  
+
diff --git a/reuters/training/5205 b/reuters/training/5205
new file mode 100644
index 0000000000000000000000000000000000000000..5300121a5fbf702bd53b984690b65eb795c080c9
--- /dev/null
+++ b/reuters/training/5205
@@ -0,0 +1,13 @@
+GERMAN RETAIL TURNOVER RISES ONE PCT IN JANUARY
+  West German retail turnover rose a
+  real one pct in January compared with the same month a year
+  earlier, according to provisional data from the Federal
+  Statistics Office.
+      There were 26 shopping days in January this year, the same
+  as in January 1986, a Statistics Office statement said.
+      A Statistics Office official added retail turnover had
+  risen by 7.6 pct in December compared with the year-ago month,
+  a slight upward revision from the 7.5 pct increase
+  provisionally posted.
+  
+
diff --git a/reuters/training/5206 b/reuters/training/5206
new file mode 100644
index 0000000000000000000000000000000000000000..dd432e47ae5769addb0e7839702c346dba93509f
--- /dev/null
+++ b/reuters/training/5206
@@ -0,0 +1,59 @@
+BANK OF JAPAN SATISFIED WITH YEN AT CURRENT RANGE
+  The Bank of Japan is satisfied with the
+  yen around its current range, a senior central bank official
+  told reporters.
+      He said the pledge by major industrial nations in Paris
+  last month to cooperate to hold exchange rates around current
+  ranges applied in both directions, a dollar fall or a dollar
+  rise.
+      Unilateral intervention itself cannot ensure currency
+  stability, but it can be useful when coordinated with other
+  policies and with other central banks, he said.
+      The Bank of Japan is rather confident currency stability
+  will continue for some time, the senior bank official said, but
+  declined to be more specific.
+      Finance Minister Kiichi Miyazawa told parliament on Friday
+  the current dollar/yen exchange rate is not necessarily
+  satisfactory for the Japanese economy.
+      Asked what factors might destabilize the markets, the
+  official cited a lessening of market fear about intervention, a
+  completely unexpected change in the economy of Japan, the U.S.
+  Or West Germany, or resumption of comments by government
+  officials seeking to talk the dollar up or down.
+      The senior bank official said he expects Japan's gross
+  national product (GNP) to grow three pct or slightly more in
+  the fiscal year beginning in April. That would be little
+  changed from the performance expected this year.
+      Domestic demand may grow nearly four pct in 1987/88, but
+  the external sector will have a negative impact on GNP of
+  nearly one percentage point, he said.
+      He said there was virtually no room for further monetary
+  policy action to boost the economy. The economy's performance
+  in the future very much depends on fiscal policy, he added.
+      The central bank's monetary policy has already done its
+  part in stimulating the economy, the senior bank official said.
+  The Bank of Japan has cut its discount rate five times over the
+  last year and a half.
+      Although the central bank does not see any imminent risk of
+  inflation, there could be some problems in the future, he said.
+  "We are sitting on a barrel of powder, but fortunately it may
+  still be wet," he added.
+      Liquidity among private households and especially the
+  corporate sector has increased substantially, he said.
+      The liquidity is the reason for the recent boom of stock
+  exchange prices, the bank official said. This inflow of funds
+  into the stock exchange, occurring also in other countries, may
+  continue, he said.
+      The senior official said the Bank of Japan is hoping
+  Federal Reserve chairman Paul Volcker will be re-appointed when
+  his current term expires later this year.
+      "He's a great man," the official said, adding that more and
+  more people expect his reappointment.
+      Turning to exchange rates, the official said the
+  substantial drop in the dollar is beginning to have an effect
+  on reducing the imbalance in world trade, even though the
+  impact has taken longer than expected to show through. Even the
+  U.S. Trade position has begun to feel the impact, although so
+  far it has not been very strong, he said.
+  
+
diff --git a/reuters/training/5207 b/reuters/training/5207
new file mode 100644
index 0000000000000000000000000000000000000000..c21e95b174fd5adbbb9a9ec803854e2d9bc0b394
--- /dev/null
+++ b/reuters/training/5207
@@ -0,0 +1,13 @@
+BANGLADESH MONEY SUPPLY RISES IN DECEMBER
+  Bangladesh's broad-based M2 money supply
+  rose 6.95 pct to 132.79 billion taka in December after rising
+  0.51 pct to 124.16 billion in November and 3.07 pct to 114.22
+  billion in December 1985, the Central Bank said.
+      On a year on year basis, M2 rose 16.25 pct in the 12 months
+  to December, 12.04 pct to November and 16 pct to December 1985.
+      Narrowly-based M1 rose 9.55 pct to 50 billion taka against
+  a fall of 0.45 pct to 45.64 billion in November and a 3.03 pct
+  rise to 45.51 billion to December 1985, it added.
+      Year on year, M1 rose 9.86 pct in December.
+  
+
diff --git a/reuters/training/5209 b/reuters/training/5209
new file mode 100644
index 0000000000000000000000000000000000000000..6f32f4246d659fd9088fabbe05d568504278cfc3
--- /dev/null
+++ b/reuters/training/5209
@@ -0,0 +1,14 @@
+JAPAN'S DOWA MINING TO PRODUCE GOLD FROM APRIL
+  <Dowa Mining Co Ltd> said it will start
+  commercial production of gold, copper, lead and zinc from its
+  Nurukawa Mine in northern Japan in April.
+      A company spokesman said the mine's monthly output is
+  expected to consist of 1,300 tonnes of gold ore and 3,700 of
+  black ore, which consists of copper, lead and zinc ores.
+      A company survey shows the gold ore contains up to 13.3
+  grams of gold per tonne, he said.
+      Proven gold ore reserves amount to 50,000 tonnes while
+  estimated reserves of gold and black ores total one mln tonnes,
+  he added.
+  
+
diff --git a/reuters/training/521 b/reuters/training/521
new file mode 100644
index 0000000000000000000000000000000000000000..2b3060cdc60e48446602ad2e4ac4c76134aa1b05
--- /dev/null
+++ b/reuters/training/521
@@ -0,0 +1,6 @@
+JIM WALTER CORP <JWC> SETS PAYOUT
+  Qtly div 35 cts vs 35 cts prior
+      Pay April One
+      Record March 14
+  
+
diff --git a/reuters/training/5210 b/reuters/training/5210
new file mode 100644
index 0000000000000000000000000000000000000000..3f122e39c629925fcb697fadf3c4fb40fd331316
--- /dev/null
+++ b/reuters/training/5210
@@ -0,0 +1,29 @@
+JAPAN BUSINESS DECLINE SEEN BOTTOMING OUT
+  The extended decline in Japan's overall
+  business performance was likely to bottom out in the current
+  January-March quarter, the Finance Ministry said.
+      Improved corporate earnings and better prospects for the
+  stability of the yen had made companies more optimistic, it
+  said after carrying out a quarterly survey.
+      The survey, conducted in February, was based on
+  questionnaires returned by 8,328 large and small firms in all
+  sectors except the finance and insurance industries.
+      The survey said overall corporate earnings were expected to
+  turn positive with an estimated 0.4 pct year on year increase
+  in the second half of fiscal 1986 ending on March 31 after a
+  5.4 pct decrease in the first half.
+      Corporate earnings will grow further in the first half of
+  fiscal 1987, rising an estimated 10.7 pct, it added.
+      Manufacturers' earnings, hit hard by the yen's steady rise
+  against the dollar, will rise 7.7 pct in first-half fiscal 1987
+  after falling 10.7 pct in the second half of fiscal 1986, it
+  said.
+      Overall earnings of non-manufacturing companies will rise
+  11.8 pct year on year in the first half of fiscal 1987 after
+  growing 9.8 pct in the second half of fiscal 1986, the survey
+  said.
+      It said this figure was bolstered by profits of firms such
+  as electric power and gas companies which have benefitted from
+  the yen's appreciation.
+  
+
diff --git a/reuters/training/5212 b/reuters/training/5212
new file mode 100644
index 0000000000000000000000000000000000000000..15916e75b29fd0b369212aa156756f81c1744792
--- /dev/null
+++ b/reuters/training/5212
@@ -0,0 +1,12 @@
+CARLTON BUYS STAKE IN CENTRAL INDEPENDENT TV
+  Carlton Communications Plc <CCML.L> said
+  in a statement it had purchased a 20 pct stake or some 5.1 mln
+  shares in Central Independent Television from Ladbroke Group
+  Plc <LADB.L> at 578p per share.
+      The consideration of 29.5 mln stg will be met with 18.2 mln
+  stg in cash and the issue of one million ordinary Carlton
+  shares, it said.
+      Central showed pretax profits up by 57 pct to 18.8 mln stg
+  for the year ended 30 September 1986.
+  
+
diff --git a/reuters/training/5214 b/reuters/training/5214
new file mode 100644
index 0000000000000000000000000000000000000000..060f029ba893dee0a2c4e22407169aa13b378db0
--- /dev/null
+++ b/reuters/training/5214
@@ -0,0 +1,107 @@
+EUROPEAN BEET PLANTINGS SEEN LITTLE CHANGED
+  European sugar beet plantings are
+  expected to show little change from last year, despite recent
+  firmness in world prices, analysts and industry sources said.
+      A Reuter survey of planting intentions showed that while,
+  so far, European Community (EC) growers plan unchanged to lower
+  areas, increases are expected in some Eastern European nations.
+      Trade analysts said their private reports give similar
+  results and do not differ significantly from the first estimate
+  of stagnant 1987 European beet plantings made last week by West
+  German sugar statistician F. O. Licht.
+      Areas may be slightly lower but analysts and agricultural
+  experts said the steady rise in yields resulting from improved
+  seed varieties and better farming techniques could offset this.
+  In recent years, good autumn weather has given yields a late
+  boost, making up for lower areas despite some disappointing
+  starts to growing seasons.
+      Changes in EC areas reflect the extent to which producers
+  will grow so-called "C" sugar for unsubsidised sale to the world
+  market. This is what is produced in excess of the basic area
+  needed to meet the EC "A" and "B" quotas, which receive full and
+  partial price support, respectively.
+      Some analysts said the open row that broke out last week
+  between producers and the EC commission over its export policy
+  could have serious implications for future sugar output.
+      Beet producers have threatened to effectively dump nearly
+  one mln tonnes of white sugar into EC intervention stocks as
+  they feel export subsidies have been too low to compensate for
+  the gap between high EC internal and low world market prices.
+      However, with the EC budget stretched to breaking point,
+  this could give treasury ministers extra resolve in resisting
+  higher guaranteed sugar prices and build a case for a future
+  cut in the basic "A" and "B" quotas, they added.
+      In France, the largest producer of EC quota and non quota
+  sugar, the sugar market intervention board FIRS said first
+  planting intentions indicate an area about the same as last
+  year's 421,000 hectares, nine pct below the previous year.
+      "The basic trend is towards stability," a FIRS spokesman
+  said. Unlike world market raw sugar prices in dollars, white
+  sugar French franc prices are not particularly high and are not
+  encouraging higher planting levels, he said. Beet sugar output
+  last year was 3.37 mln tonnes, with an average yield of 8.00
+  tonnes per ha, the highest in the EC apart from the Netherlands
+  but below 8.52 the previous year and a five year average 8.11.
+      In West Germany, recent price rises have not altered plans,
+  since planting decisions were taken a few months ago, industry
+  sources said. The farm ministry said a December survey is still
+  valid and plantings should be cut slightly after being trimmed
+  by just under four pct in 1986 when yields were above average.
+      Licht last week estimated West German plantings at a
+  reduced 385,000 hectares against 399,000 last year.
+      British Sugar Plc, the monopoly beet processor, has signed
+  up U.K. Farmers to grow 8.1 mln tonnes of beet. This should
+  yield about 1.25 mln tonnes of whites. Last year's crop
+  equalled the second highest ever at 1.32 mln tonnes.
+      British Sugar has "A" and "B" quotas totalling 1.144 mln tonnes
+  of whites and its "C" output is due to improved yields from more
+  consistent disease-resistant seed types.
+      Recent price rises have not altered Polish plans, Wincenty
+  Nowicki, a deputy director of Cukropol, the Amalgamated Sugar
+  Industry Enterprises, said. World prices are still below Polish
+  production costs and there is no way to convince farmers to
+  increase the area above the already signed contracted level.
+      The national plan, set before prices began to rise, put
+  plantings this year at 460,000 hectares, against 425,000 in
+  1986, Nowicki said. Last year production was 1.74 mln tonnes.
+      World prices have less impact in Italy than in France or
+  Germany as it is traditionally not an exporter but is geared to
+  the domestic market, an official at the national beet growers'
+  association said. Italian sowings are not yet complete but
+  surveys suggest a drop from last year's 270,000 ha, especially
+  in the north where some farmers have switched to soya.
+      Beet output last season of 15.5 mln tonnes yielded a higher
+  than expected 1.72 mln tonnes of white sugar.
+      Dutch plantings are expected to fall to 130,000 ha from a
+  record 137,600 in 1986 as a new self-imposed quota system comes
+  into force, a spokesman for Centrale Suiker, the second largest
+  Dutch sugar processor, said.
+      The new system aims for an average of around 915,000 tonnes
+  of white sugar and to cut output of "C" sugar. Last year, the
+  Netherlands produced a record 1.2 mln tonnes of white sugar
+  against a combined "A" and "B" quota of only 872,000 tonnes.
+      "The world price of sugar would have to rise much higher
+  than it has done recently to make planned production of "C" sugar
+  really worthwhile," the spokesman said.
+      Western agricultural experts in Moscow said Soviet planting
+  intentions are likely to be unchanged. Licht put this year's
+  Soviet beet area at 3.40 mln ha, against 3.44 mln last year.
+      Hungary is expanding its beet area to 105,000 ha from some
+  95,000 in 1986, the official MTI news agency said, but
+  diplomats said policy is to balance supply with domestic
+  demand.
+      The Spanish ministry of agriculture said beet sowings are
+  estimated unchanged at 180,000 ha this year.
+      A spokesman for Denmark's largest beet concern, De Danske
+  Sukkerfabrikker A/S, said its 1987 sugar target was unchanged
+  from 1986 at 365,000 tonnes from a steady area of 60,000 ha.
+      In Sweden, where beet is grown just to meet domestic
+  demand, the planted area is seen little changed at 51,000 ha
+  against 51,300 last year, according to a spokesman for sugar
+  company Svenska Sockerfabriks AB.
+      Last year, Irish yields were the lowest for 10 years due to
+  late sowings and the state-run Irish Sugar Plc said the 1987
+  plantings target is the equivalent of 36,400 hectares, down
+  from 37,600 in 1986.
+  
+
diff --git a/reuters/training/5215 b/reuters/training/5215
new file mode 100644
index 0000000000000000000000000000000000000000..d5e28d1842005410f2281bc54cf5bd16ec9b1207
--- /dev/null
+++ b/reuters/training/5215
@@ -0,0 +1,13 @@
+SWISS UNEMPLOYMENT FALLS TO 0.9 PCT IN FEBRUARY
+  Swiss unemployment edged down to 0.9 pct
+  of the working population from one pct in January and in
+  February 1986, the Federal Office of Industry, Trade and Labour
+  said.
+      Seasonally adjusted, however, there was a slight rise in
+  unemployment.
+      The number out of work fell to 28,439, down 1,142 compared
+  with the previous month. The number of vacant positions
+  registered with employment offices stood at 11,968 against
+  10,694 in January.
+  
+
diff --git a/reuters/training/5216 b/reuters/training/5216
new file mode 100644
index 0000000000000000000000000000000000000000..923d94134a8de965b42fb7e57a45c7d866d57c6e
--- /dev/null
+++ b/reuters/training/5216
@@ -0,0 +1,21 @@
+MALAYSIA'S GOLD AND FOREIGN EXCHANGE RESERVES RISE
+  Malaysia's gold and foreign
+  exchange reserves rose to 16.07 billion ringgit in February
+  from 15.73 billion in January and 12.23 billion in February
+  1986, Bank Negara Malaysia said.
+      The central bank said cumulative assets at end-February
+  fell to 20.02 billion ringgit from 20.68 billion at end-January
+  but were up from 17.07 billion at end-February last year.
+      Holdings of federal government securities dropped to 876
+  mln ringgit in February from 1.70 billion a month earlier and
+  2.30 billion in February 1986.
+      Malaysia's special drawing rights rose to 355 mln ringgit
+  at end-February from 352 mln at end-January and 286 mln at
+  end-February 1986, the bank said.
+      The IMF position was unchanged from January at 507 mln but
+  was above the 422 mln in February a year ago.
+      Currency in circulation in February fell to 7.43 billion
+  ringgit from 8.32 billion a month earlier but was up from 7.18
+  billion in February last year.
+  
+
diff --git a/reuters/training/5218 b/reuters/training/5218
new file mode 100644
index 0000000000000000000000000000000000000000..ba497f99b24117e9d93bff4dc00e081385cde5f2
--- /dev/null
+++ b/reuters/training/5218
@@ -0,0 +1,14 @@
+MALAYSIAN CRUDE PALM OIL OUTPUT FALLS IN FEBRUARY
+  Malaysian crude palm oil (cpo)
+  production fell to an estimated 270,400 tonnes in February from
+  an estimated 273,300 tonnes in January and 332,995 in February
+  1986, the Palm Oil Registration and Licensing Authority (PORLA)
+  said.
+      Cpo stocks fell to an estimated 286,440 tonnes in February
+  from 287,940 in January and 653,411 in February last year.
+      Processed palm oil stocks in February fell to an estimated
+  193,060 tonnes from 205,060 in January and 225,576 in February
+  1986.
+      The January and February figures are subject to revision.
+  
+
diff --git a/reuters/training/5219 b/reuters/training/5219
new file mode 100644
index 0000000000000000000000000000000000000000..d6cd9360219e7a2e873b752ffec00546efe6df60
--- /dev/null
+++ b/reuters/training/5219
@@ -0,0 +1,16 @@
+PEARSON PLC <PSON.L> YR ENDED DEC 31
+  Shr 37.4p vs 30p.
+      Final div 7p, making 12p vs 10p.
+      Pre-tax profit 121.1 mln stg vs 109.3 mln.
+      Net profit before minorities 76.6 mln stg vs 62.8 mln.
+      Turnover 952.6 mln vs 970.1 mln.
+      Pre-interest profit 132.1 mln vs 124.6 mln.
+      Net interest 11 mln vs 15.3 mln.
+      Tax 44.5 mln vs 46.5 mln.
+      Minority interests 3.1 mln vs 5.2 mln.
+      Extraordinary debit 9.1 mln vs credit 11.5 mln.
+      Note - Extraordinary debit reflected full provision for
+  discontinuing the Financial Times's printing operations at
+  Bracken House in 1988, partly offset by gains on disposals.
+  
+
diff --git a/reuters/training/522 b/reuters/training/522
new file mode 100644
index 0000000000000000000000000000000000000000..ed7c034084898e36efeb03eaef1b711152a74fc7
--- /dev/null
+++ b/reuters/training/522
@@ -0,0 +1,9 @@
+FED ADDS RESERVES VIA CUSTOMER REPURCHASES
+  The Federal Reserve entered the U.S.
+  Government securities market to arrange 1.5 billion dlrs of
+  customer repurchase agreements, a Fed spokesman said.
+      Dealers said Federal funds were trading at 6-3/16 pct when
+  the Fed began its temporary and indirect supply of reserves to
+  the banking system.
+  
+
diff --git a/reuters/training/5220 b/reuters/training/5220
new file mode 100644
index 0000000000000000000000000000000000000000..22c02608bd12d3ee5bbeb86b763d4885642e2a65
--- /dev/null
+++ b/reuters/training/5220
@@ -0,0 +1,14 @@
+CHINA REPORTS 700 MLN DLR TWO-MONTH TRADE DEFICIT
+  China's trade deficit totalled 700 mln
+  dlrs in the first two months of this year, according to figures
+  released by the State Statistics Bureau.
+      The New China News Agency quoted the Bureau as saying
+  foreign trade totalled 9.3 billion dlrs in the period, of which
+  exports were worth 4.3 billion dlrs.
+      The bureau said total trade volume was up 2.5 pct on the
+  same 1986 period, with exports up 18.1 pct, but it gave no
+  other comparative figures.
+      China's 1986 trade deficit totalled 12 billion dlrs,
+  official figures show.
+  
+
diff --git a/reuters/training/5222 b/reuters/training/5222
new file mode 100644
index 0000000000000000000000000000000000000000..16f2f507a05e0ff6c26edac2d13292b36456ac2f
--- /dev/null
+++ b/reuters/training/5222
@@ -0,0 +1,14 @@
+<POCLAIN> OFFERS PAR RIGHTS ISSUE
+  French machinery maker <Poclain>, 40 pct
+  owned by <Tenneco Inc>, said it will raise its capital to 791
+  mln francs from 91 mln by a 100 for 13 rights offering to
+  shareholders priced at par of 10 francs a share.
+      The offer, between March 25 and April 13, is the second
+  stage of a capital restructuring plan announced in December
+  under which Tenneco will become Poclain's majority shareholder.
+      In the first stage Poclain reduced its capital to 91 mln
+  from 455 mln by reducing the nominal value of its shares to 10
+  francs from 50.
+      Poclain traded Friday on the Paris Bourse at 38.20 francs.
+  
+
diff --git a/reuters/training/5223 b/reuters/training/5223
new file mode 100644
index 0000000000000000000000000000000000000000..3cf3f291a6355b92067950971eb590026341d07b
--- /dev/null
+++ b/reuters/training/5223
@@ -0,0 +1,13 @@
+U.K. MONEY MARKET OFFERED EARLY ASSISTANCE
+  The Bank of England said it invited an
+  early round of bill offers from discount houses after
+  forecasting a shortage in the system of some 1.05 billion stg.
+      Among the main factors affecting liquidity, bills maturing
+  in official hands and treasury bill take-up will drain some
+  1.07 billion stg while exchequer transactions will take out
+  around 335 mln stg and bankers' balances below target five mln
+  stg.
+      Partly offseting these outflows, a fall in note circulation
+  will add some 355 mln stg to the system today.
+  
+
diff --git a/reuters/training/5226 b/reuters/training/5226
new file mode 100644
index 0000000000000000000000000000000000000000..d17d91b63700d3655d35ce13aae7412763d08ff4
--- /dev/null
+++ b/reuters/training/5226
@@ -0,0 +1,28 @@
+MANILA GOVERNMENT TO TAKE OVER SAN MIGUEL BOARD
+  A government commission that controls 51
+  pct of <San Miguel Corp> (SMC) stock will increase its nominees
+  on the firm's 15-member board to nine from six.
+      "We want to correct business practices," Ramon Diaz, chairman
+  of the Presidential Commission on Good Government (PCGG), told
+  Reuters.
+      "Right now there are a lot of companies that keep so many
+  things from their shareholders and one of them is San Miguel,"
+  he said.
+      A San Miguel spokesman declined comment.
+      Diaz said New York investment bank Allen and Co Inc told
+  the PCGG it was interested in tendering for all outstanding SMC
+  stock, with the subsequent dispersal of 60 pct of the stock to
+  Filipino investors to comply with investment laws.
+      He said Australian businessman and brewer Alan Bond and the
+  brewing company Elders IXL Ltd <ELXA.S> were interested in
+  buying 40 pct each of SMC stock.
+      He added that the PCGG wanted some foreign input but would
+  not allow foreign control of the brewing and food conglomerate,
+  the Philippines' biggest manufacturing concern.
+      Diaz said the PCGG did not plan to remove SMC president
+  Andres Soriano from his family company.
+      "He has tremendous prestige to run the company," Diaz said.
+  "We appreciate his management, but certainly some practices have
+  to be corrected."
+  
+
diff --git a/reuters/training/5228 b/reuters/training/5228
new file mode 100644
index 0000000000000000000000000000000000000000..f4ddfcc6ce5d6bdbbcf84459a1dd2fd9075ab18d
--- /dev/null
+++ b/reuters/training/5228
@@ -0,0 +1,11 @@
+CIE BANCAIRE IN ONE-FOR-FIVE BONUS SHARE ISSUE
+  <Cie Bancaire>, a subsidiary of recently
+  privatised banking group Cie Financiere de Paribas <PARI.PA>,
+  said it is issuing 2.35 mln new 100 francs nominal shares on
+  the basis of one for five already held.
+      The operation will begin on March 31, a spokesman said.
+      Cie Bancaire also said it has increased its capital to 1.41
+  billion francs from 1.17 billion by the incorporation of 237.74
+  mln francs of reserves.
+  
+
diff --git a/reuters/training/5231 b/reuters/training/5231
new file mode 100644
index 0000000000000000000000000000000000000000..c7700ad8081524f2c621a9e11789661d289e5aee
--- /dev/null
+++ b/reuters/training/5231
@@ -0,0 +1,14 @@
+ISRAELI INFLATION RATE IS 1.0 PCT IN FEBRUARY
+  Israel's inflation rate for February
+  was one pct, compared to 2.1 pct in January and 1.6 pct in
+  February 1986, a spokesman for the Central Bureau of Statistics
+  said.
+      Inflation for the 12 months ending in February was 23 pct,
+  the spokesman said.
+      February price rises were mostly in housing, health,
+  education, entertainment and transport.
+      Wage and price controls have been in force since August
+  1985. Officials said the controls have helped soften the effect
+  of a recent 10 pct devaluation of the shekel.
+  
+
diff --git a/reuters/training/5232 b/reuters/training/5232
new file mode 100644
index 0000000000000000000000000000000000000000..a9165018566a8c40e706addb0a731ab354f6af61
--- /dev/null
+++ b/reuters/training/5232
@@ -0,0 +1,10 @@
+U.K. MONEY MARKET GIVEN 90 MLN STG EARLY HELP
+  The Bank of England said it provided the
+  money market with assistance worth 90 mln stg in response to an
+  early round of bill offers from discount houses.
+      Earlier, the bank estimated the shortage in the system
+  today at some 1.05 billion stg.
+      The bank bought bills for resale to the market in equal
+  amounts on April 1, 2 and 3 at an interest rate of 10-7/16 pct.
+  
+
diff --git a/reuters/training/5234 b/reuters/training/5234
new file mode 100644
index 0000000000000000000000000000000000000000..9a4653a1178a7567a589f9ffa6c06d08cf36e326
--- /dev/null
+++ b/reuters/training/5234
@@ -0,0 +1,35 @@
+BOND DEFERS RIGHTS ISSUE, MULLS PROJECT PARTNERS
+  <Bond Corp International Ltd>, a
+  subsidiary of the Australian-based Bond Corp Holdings Ltd
+  <BONA.S>, said it would defer its planned rights issue but
+  still wants the issue to be made before July 31.
+      No date has been set for the issue, announced in January.
+      In a document to shareholders, Bond Corp said the delay
+  follows its receipt of a 240 mln H.K. Dlr loan from its parent
+  company to meet the first payment on the newly acquired Bond
+  Centre commercial complex in central Hong Kong.
+      It also wants outside partners to take up to 50 pct in the
+  project, the company said.
+      The January announcement said the rights issue would
+  finance Bond Corp's 1.4 billion dlr acquisition of a 23.77 pct
+  stake in HK-TVB Ltd <TVBH.HK> from film magnate Run Run Shaw.
+      The company then reached an agreement with a consortium led
+  by Sino Land Co Ltd <SINO.HK> to buy a commercial complex that
+  is still under construction for 1.9 billion dlrs.
+      Bond International said in the document that except for the
+  240 mln dlr loan, the deal would be financed from internal
+  resources and by selling an interest in the building.
+      The payments must be completed by the end of 1987.
+      Bond International has also sold several residential
+  buildings in Hong Kong's mid-levels district for a total of
+  68.35 mln dlrs, the statement said.
+      The flats were among the properties it bought last year
+  from Hongkong Land Co Ltd <HKLD.HK> for 1.4 billion dlrs.
+      Analysts said Bond International is heavily geared as it
+  has relied on bank borrowings to purchase both the Hongkong
+  Land properties and the HK-TVB shares.
+      Bond International also said in the document that while it
+  plans to sell an interest in the complex it will hold the
+  HK-TVB shares as a long-term investment.
+  
+
diff --git a/reuters/training/5235 b/reuters/training/5235
new file mode 100644
index 0000000000000000000000000000000000000000..5a9ccfffd953ae9f4729c8862914b714ff5edef9
--- /dev/null
+++ b/reuters/training/5235
@@ -0,0 +1,40 @@
+PHILIPPINES SEES 1987 GOVERNMENT REVENUE UP 26 PCT
+  Philippine government revenue is
+  expected to rise 26 pct to 99.9 billion pesos this year from
+  79.1 billion in 1986, Finance Secretary Jaime Ongpin said.
+      In a report to President Corazon Aquino on his department's
+  performance during the year ended February 28, Ongpin said at
+  least 15.9 billion pesos were expected to accrue from new tax
+  reform measures announced last year.
+      He said the goal for official development assistance (ODA)
+  this year is two billion dlrs, adding that aid donors have
+  committed ODA inflows of 1.7 billion dlrs in 1987, up 30 pct
+  from 1.3 billion in 1986.
+      Ongpin said steps planned to provide a sound revenue base
+  included a value added tax (VAT) system due to be introduced in
+  1988. He gave no other details.
+      He said treasury bill maturities, interest rate levels and
+  the volume of government securities sold to the private sector
+  have improved significantly. "In particular, short-term prime
+  interest rates which had gone over 40 pct in 1985, are now down
+  to less than 10 pct," he said.
+      Ongpin said the government's debt-equity scheme, introduced
+  in August last year, had attracted more than 276 mln dlrs worth
+  of applications, but selective evaluation had resulted in
+  approvals of only 61.8 mln dlrs at end-February.
+      He said his department aims to accelerate its privatisation
+  program and the sale of non-performing assets owned by
+  associates of former President Ferdinand Marcos to achieve a
+  1987 sales target of four billion pesos which would help
+  finance land reform.
+      Aquino said earlier this month that all the 24 billion
+  pesos the government hopes to raise from the sale of the failed
+  companies will be used to finance the land reform plan.
+      Ongpin also said the government would pursue efforts to
+  obtain 500 mln dlrs in concessional funding for the program
+  from a World Bank-led consultative group of multilateral and
+  bilateral aid donors.
+      The government has said the land reform plan aims to
+  distribute 9.7 mln hectares of land to poor peasants.
+  
+
diff --git a/reuters/training/5236 b/reuters/training/5236
new file mode 100644
index 0000000000000000000000000000000000000000..37e9396a1e2155c18e82fa111c83f31bc53b633e
--- /dev/null
+++ b/reuters/training/5236
@@ -0,0 +1,13 @@
+NORWAY'S TRADE DEFICIT WIDENS IN FEBRUARY
+  Norway's trade deficit widened in February
+  to 957 mln crowns from 80 mln crowns in January and 492 mln
+  crowns in February last year, the Central Bureau of Statistics
+  said.
+      Exports dropped to 10.66 billion crowns last month,
+  compared with 11.11 billion in January and 10.85 billion in
+  February 1986, it added.
+      Crude oil and natural gas exports totalled 4.56 billion
+  crowns in February, against 5.10 billion in January and 5.36
+  billion a year ago.
+  
+
diff --git a/reuters/training/5237 b/reuters/training/5237
new file mode 100644
index 0000000000000000000000000000000000000000..f86f3137bccfe8a35a3d70676fac657112715b87
--- /dev/null
+++ b/reuters/training/5237
@@ -0,0 +1,8 @@
+UAE GOVERNMENT PAPER YIELDS UNCHANGED
+  Yields on certificates of deposit
+  issued by the United Arab Emirates Central Bank were unchanged
+  at 6-1/8 pct, the bank said.
+      The yield applies to maturities of one, two, three and six
+  months.
+  
+
diff --git a/reuters/training/5238 b/reuters/training/5238
new file mode 100644
index 0000000000000000000000000000000000000000..47d7b3b3e336bc96459f7bbefdc87323fda956b5
--- /dev/null
+++ b/reuters/training/5238
@@ -0,0 +1,11 @@
+DUTCH COST OF LIVING FALLS 1.2 PCT IN FEBRUARY
+  The Dutch cost of living index (base
+  1980) fell 1.2 pct to 121.5 in the year to mid-February after a
+  1.3 pct fall in the year to mid-January 1987, the Economics
+  Ministry said.
+      The February index was 0.2 pct up on January.
+      Clothing, shoe and vegetable prices rose in February while
+  prices of coffee, heating oil and most car fuels fell, the
+  Ministry added.
+  
+
diff --git a/reuters/training/524 b/reuters/training/524
new file mode 100644
index 0000000000000000000000000000000000000000..c7d636913fbc927d6d6791e15e55b0b8db521e9d
--- /dev/null
+++ b/reuters/training/524
@@ -0,0 +1,14 @@
+JAPAN'S NTT FORECASTS PROFITS FALL IN 1987/88
+  <Nippon Telegraph and Telephone Corp>
+  (NTT) expects its profits to fall to 328 billion yen in the
+  year ending March 31, 1988 from a projected 348 billion this
+  year, the company said.
+      Total sales for the same period are expected to rise to
+  5,506 billion yen from a projected 5,328 billion this year, NTT
+  said in a business operations plan submitted to the Post and
+  Telecommunications Ministry.
+      NTT said it plans to make capital investments of 1,770
+  billion yen in 1987/88, including 109 billion for research and
+  development, as against a total of 1,600 billion this year.
+  
+
diff --git a/reuters/training/5240 b/reuters/training/5240
new file mode 100644
index 0000000000000000000000000000000000000000..cf8f8423bde22b51bdb3fc833ea16985324413be
--- /dev/null
+++ b/reuters/training/5240
@@ -0,0 +1,10 @@
+SWEDISH INDUSTRIAL PRODUCTION FALLS IN JANUARY
+  Sweden's industrial production fell
+  1.8 pct during January compared with a fall of 0.8 pct the
+  month before and remains unchanged compared with January 1986,
+  according to figures from the Central Bureau of Statistics.
+      The bureau attributed the fall to a long Christmas break
+  and particularly cold weather, which lowered production in the
+  forestry industry.
+  
+
diff --git a/reuters/training/5241 b/reuters/training/5241
new file mode 100644
index 0000000000000000000000000000000000000000..f5c7979870f957594fc2f4aeac84bdd52173c9d1
--- /dev/null
+++ b/reuters/training/5241
@@ -0,0 +1,36 @@
+BUNDESBANK ADDS MONEY MARKET LIQUIDITY
+  The Bundesbank came into the domestic
+  money market to add temporary liquidity through federal
+  government funds as call money rates rose above 4.0 pct,
+  dealers said.
+      They estimated that the bulk of liquidity was added at
+  about 3.95 pct. Call money fell to 3.90/4.0 pct after the move.
+  It had been 3.80/90 on Friday.
+      The move came as call money extended a rise begun Friday
+  after the Bundesbank took up some six billion marks owed to it
+  by other European central banks after currency interventions in
+  the framework of European Monetary System in January.
+      Rates could ease further in trading today but dealers
+  expect them to rise later in the week as banks begin paying out
+  funds for tax payments on behalf of clients.
+      Some 30 billion marks is likely to leave the market this
+  month, with the bulk being paid out next week.
+      In anticipation of this liquidity drain, banks have stocked
+  up reserves at the Bundesbank.
+      On Thursday, minimum reserve holdings declined to 57.0
+  billion marks from 60.0 billion on Wednesday but were well
+  above the 53.2 billion held on Tuesday. Daily average reserve
+  holdings rose slightly to 54.7 billion marks from 54.5 billion.
+      The daily average reserve holdings were above the level of
+  around 51 billion marks dealers said is needed for the required
+  daily average for the month.
+      With the heavy tax drain in March, banks are likely to
+  remain cautious about taking more liquidity out of reserves
+  than is absolutely necessary.
+      However, a new securities repurchase pact likely to be
+  added next week to replace a facility expiring then could
+  somewhat offset the drain.
+      The Bundesbank is expected to allocate more than the 3.4
+  billion marks which is due to be rolled over, dealers said.
+  
+
diff --git a/reuters/training/5243 b/reuters/training/5243
new file mode 100644
index 0000000000000000000000000000000000000000..461a5938d714066cc3a9e9bebdb5030601b799e7
--- /dev/null
+++ b/reuters/training/5243
@@ -0,0 +1,13 @@
+PECHINEY SIGNS LETTERS OF INTENT WITH SOVIET UNION
+  Pechiney <PUKG.PA> said it signed two
+  letters of intent with the Soviet Union covering the setting up
+  of packaging and packaging materials joint ventures.
+      It said one proposed venture would produce  aluminium
+  packaging for food and cosmetics. The other envisaged Pechiney
+  putting together a consortium of  European partners to set up a
+  packaging and equipment manufacturing unit in the Soviet Union.
+      A Pechiney spokesman said two working groups would prepare
+  detailed projects over the next three months. He said it was
+  too soon to estimate the financial value of the two ventures.
+  
+
diff --git a/reuters/training/5244 b/reuters/training/5244
new file mode 100644
index 0000000000000000000000000000000000000000..75dcc42a193054a237321cb89ccd25fef6a3b7b1
--- /dev/null
+++ b/reuters/training/5244
@@ -0,0 +1,43 @@
+MEES SAYS SECOND WEEK MARCH OPEC OUTPUT 14 MLN BPD
+  OPEC produced only about 14 mln bpd of
+  oil in the second week of March -- 1.8 mln bpd below its
+  ceiling -- largely because of pipeline problems in Turkey and
+  Ecuador, the Middle East Economic Survey (MEES) estimated.
+      A landslide breached Iraq's one mln bpd pipeline through
+  Turkey on March 6 for a week, and earthquakes in Ecuador have
+  shut down its export pipeline for four to five months. Ecuador
+  has an OPEC quota of 210,000 bpd.
+      MEES put Saudi Arabian output at 2.9 mln bpd in the first
+  week of March and 3.1 mln bpd in the second, in addition to
+  output from the Neutral Zone between Saudi Arabia and Kuwait.
+      MEES said Saudi Arabia was pumping more than 300,000 bpd of
+  its total production into floating storage.
+      Saudi Oil Minister Hisham Nazer told Reuters and the
+  television news agency Visnews yesterday that Saudi output,
+  including Neutral Zone production, was around three mln bpd.
+      The Cyprus-based newsletter also said authoritative Libyan
+  oil sources said Libya was producing 850,000 bpd, compared with
+  its 948,000 bpd quota, and that actual liftings are much lower
+  than that.
+      It said one major Libyan equity producer had partially
+  stopped lifting its 55,000 bpd equity entitlement for March
+  because Libya was insisting on official prices, but is still
+  lifting 40,000 bpd of debt crude at official prices and a
+  further 25,000 bpd of "purchase crude."
+      It said small equity producers, with entitlements of only
+  2,000 to 3,000 bpd, had also told Tripoli they could not lift
+  at official prices.
+      MEES said Iraq had sent a telex to OPEC and member
+  countries calling for the formation of a committee to study
+  what it said were inequalities in marketing potential among
+  various members.
+      The newsletter said the Iraqi letter indicated Baghdad was
+  having difficulty selling crude at official prices.
+      The Iraqi telex pointed out that some member countries
+  export substantial volumes of oil that are not subject to OPEC
+  price regulations -- exports of refined products, equity crude
+  on which the margins are equivalent to covert discounts and
+  "other forms of hydrocarbons" which are marketed in package deals
+  with crude oil.
+  
+
diff --git a/reuters/training/5245 b/reuters/training/5245
new file mode 100644
index 0000000000000000000000000000000000000000..a92192c9da39b42d0a4416be00928fa3b725c47b
--- /dev/null
+++ b/reuters/training/5245
@@ -0,0 +1,10 @@
+FINNISH INFLATION FALLS TO 3.5 PCT IN FEBRUARY
+  Year-on year Finnish consumer prices
+  fell to 3.5 pct in February 1986 from 3.7 pct in January and
+  4.6 pct in February 1985, the Central Statistical Office said.
+      Consumer prices rose 0.3 pct in February after rises of one
+  pct in January and 0.5 pct in February 1985.
+      The consumer price index, base 1981, was 142.7 in February,
+  142.2 in January and 137.8 in February 1986.
+  
+
diff --git a/reuters/training/525 b/reuters/training/525
new file mode 100644
index 0000000000000000000000000000000000000000..3f0a46c12f55ae5f8ebb8d17f020ab1297128870
--- /dev/null
+++ b/reuters/training/525
@@ -0,0 +1,36 @@
+EC COMMISSION GIVEN PLAN TO SAVE STEEL INDUSTRY
+  European Community steelmakers
+  presented the Executive Commission with a controversial plan
+  for the future of the industry which diplomats say it may be
+  forced reluctantly to accept.
+      Under the plan steel output would remain subject to
+  restrictive quotas and imports would be firmly controlled for
+  years to come while steel firms undertook a massive
+  slimming-down operation to adjust capacity to lower demand.
+      Industry Commissioner Karl-Heinz Narjes has proposed the
+  ending of the quota system by December 1988.
+      He has proposed a return to the free market, which under EC
+  law is supposed to exist except in times of "manifest crisis."
+      But diplomats said some ministers who meet to discuss this
+  idea on March 19 will argue that steel firms are in crisis in
+  their countries, with orders falling as customers switch to
+  alternative products and accounts firmly in the red.
+      Ministers from the EC's major steel producing countries are
+  likely to shy away from Narjes' proposals and could back the
+  industry's own plan instead, in the hope of minimising the
+  political impact of plant closures, they said.
+      Industry sources said the plan presented to Narjes by the
+  EC steelmakers' lobby group Eurofer would retain the quota
+  production system at least until the end of 1990.
+      Eurofer said in a statement consultants working for it
+  identified scope for closing plants on a "voluntary" basis to
+  reduce capacity by 15.26 mln tonnes a year.
+      Cuts were still insufficient in one production area, that
+  of hot rolled coils, and further talks were needed.
+      Eurofer added the industry would need the support of the
+  Commission and governments in carrying out a closure program,
+  particularly with social costs such as redundancy payments.
+      The EC steel industry has already shed 240,000 jobs this
+  decade while reducing annual capacity by 31 mln tonnes.
+  
+
diff --git a/reuters/training/5250 b/reuters/training/5250
new file mode 100644
index 0000000000000000000000000000000000000000..32e8e13ed8cb0e971e8bcc3b48763d5da87b1522
--- /dev/null
+++ b/reuters/training/5250
@@ -0,0 +1,24 @@
+PEARSON CONCENTRATES ON FOUR SECTORS
+  Pearson Plc <PSON.L> said the recent
+  sale of its Fairey Engineering companies, in a 51.5 mln stg
+  management buy-out, was part of its policy of concentrating on
+  four key sectors.
+      In a statement with its 1986 results, the company said its
+  information and entertainments sector's Financial Times, FT,
+  newspaper had record sales and profits.
+      The FT is subject to a 70 mln stg investment programme,
+  with the printing and publishing operation moving to a new
+  plant in the London docklands next year.
+      Its other key sectors are merchant banking, oil and china.
+      Commenting on its Camco Inc oil service subsidiary, Pearson
+  said it believes the oil business setback is only temporary.
+      The group has been acquiring oil properties in both the
+  U.S. And Britain which will begin to make a significant impact
+  on profits in the 1990s.
+      Far East operations of fine china subsidiary Royal Doulton
+  Ltd are being expanded in the wake of record recent sales in
+  Japan, it added.
+      Pearson reported 1986 pre-tax profit of 121.1 mln stg, up
+  from 109.3 mln in 1985. Turnover fell to 953 mln from 970 mln.
+  
+
diff --git a/reuters/training/5251 b/reuters/training/5251
new file mode 100644
index 0000000000000000000000000000000000000000..d51a705bec3ccd02babb7fe2943db1ef8fef020a
--- /dev/null
+++ b/reuters/training/5251
@@ -0,0 +1,5 @@
+ German February central bank money grows annual 7.5 pct (January, same) - prov. Bundesbank data
+
+   German February central bank money grows annual 7.5 pct (January, same) - prov. Bundesbank data
+  
+
diff --git a/reuters/training/5253 b/reuters/training/5253
new file mode 100644
index 0000000000000000000000000000000000000000..55ec0b01bdc33198a8e55f43b1744bf9f2dfb937
--- /dev/null
+++ b/reuters/training/5253
@@ -0,0 +1,26 @@
+GERMAN FEBRUARY CENTRAL BANK MONEY GROWTH STEADY
+  West German central bank money stock
+  was growing at an annualized 7.5 pct in February, unchanged
+  from the 7.5 pct reported in January, provisional data from the
+  Bundesbank showed.
+      The figure was thus outside the three to six pct range set
+  by the Bundesbank for 1987.
+      In absolute terms, the measure rose to 223.2 billion marks
+  in February from 221.8 billion in the prior month.
+      The data showed that the stock grew at an annualized 8.6
+  pct over the six months to February, slower than the 9.4 pct
+  rise in the same period to January.
+      Of the two components comprising central bank money stock,
+  cash in circulation rose to 111.7 billion marks in February
+  from 110.9 billion in January, the Bundesbank data showed.
+      This gave an annualized 8.3 pct rise over the six months to
+  February, down from a 10.2 pct increase over the six months to
+  January.
+      Minimum reserve requirements on domestic liabilities grew
+  to 111.5 billion marks in February from 110.9 billion in
+  January.
+      This yielded an annualized 8.8 pct rise over the six month
+  to February, up slightly from an 8.6 pct increase over the same
+  period to January.
+  
+
diff --git a/reuters/training/5254 b/reuters/training/5254
new file mode 100644
index 0000000000000000000000000000000000000000..979f05b2e55d820c731b0dc49220e4434af3ba07
--- /dev/null
+++ b/reuters/training/5254
@@ -0,0 +1,5 @@
+UK FEB RETAIL SALES RISE PROVISIONAL 2.2 PCT (JAN FALL 2.2 PCT) - OFFICIAL
+
+  UK FEB RETAIL SALES RISE PROVISIONAL 2.2 PCT (JAN FALL 2.2 PCT) - OFFICIAL
+  
+
diff --git a/reuters/training/5255 b/reuters/training/5255
new file mode 100644
index 0000000000000000000000000000000000000000..5c7005da587be0112b5cf532ca57afa71addef25
--- /dev/null
+++ b/reuters/training/5255
@@ -0,0 +1,24 @@
+GERMAN BANK SEES HIGHER GOLD PRICE FOR 1987
+  Gold is expected to continue its rise
+  this year due to renewed inflationary pressures, especially in
+  the U.S., Hamburg-based Vereins- und Westbank AG said.
+      It said in a statement the stabilisation of crude oil
+  prices and the Organisation of Petroleum Exporting Countries'
+  efforts to achieve further firming of the price led to growing
+  inflationary pressures in the U.S., The world's biggest crude
+  oil producer.
+      Money supplies in the U.S., Japan and West Germany exceed
+  the central banks' limits and real growth of their gross
+  national products, it said.
+      Use of physical gold should rise this year due to increased
+  industrial demand and higher expected coin production, the bank
+  said.
+      Speculative demand, which influences the gold price on
+  futures markets, has also risen. These factors and South
+  Africa's unstable political situation, which may lead to a
+  temporary reduction in gold supplies from that country,
+  underline the firmer sentiment, it said.
+      However, Australia's output is estimated to rise to 90
+  tonnes this year from 73.5 tonnes in 1986.
+  
+
diff --git a/reuters/training/5256 b/reuters/training/5256
new file mode 100644
index 0000000000000000000000000000000000000000..af284cfd7d731eae1077c8721885baae618b0324
--- /dev/null
+++ b/reuters/training/5256
@@ -0,0 +1,21 @@
+U.K. RETAIL SALES RISE 2.2 PCT IN FEBRUARY
+  The volume of U.K. Retail sales rose a
+  provisional, seasonally adjusted 2.2 pct in February after
+  falling a final 2.2 pct in January, figures released by the
+  Department of Trade and Industry show.
+      The February sales index, base 1980, was put at a
+  preliminary 125.0 after a final 122.3 in January.
+      In the three months from December to February, the level of
+  sales was little changed over the previous three months but was
+  nearly six pct higher than the same year ago period.
+      On a non-seasonally adjusted value basis, retail sales in
+  February were a provisional 9.0 pct higher than a year earlier.
+      The Department noted the latest figures were similar to the
+  average in the fourth quarter last year but well above the
+  January index, which was depressed by the effects of severe
+  weather.
+      The February trading period comprised the four weeks
+  February 1 to 28. Final February retail sales figures will be
+  published on April 6.
+  
+
diff --git a/reuters/training/5257 b/reuters/training/5257
new file mode 100644
index 0000000000000000000000000000000000000000..cfba092ac4adbb5894f6425bebc6ad1b98579261
--- /dev/null
+++ b/reuters/training/5257
@@ -0,0 +1,13 @@
+TRANSPORT DEVELOPMENT GROUP PLC <TDGL.L> 1986 YEAR
+  Shr 17.15p vs 12.37p
+      Final dividend 5.5p, making 7.5p vs 6.2p
+      Pre-tax profit 39.4 mln stg vs 29.7 mln.
+      Turnover 543.2 mln stg vs 481.5 mln
+      Operating profit 48.2 mln stg vs 38.2 mln
+      Net interest 8.9 mln vs 8.6 mln
+      Tax 14.3 mln vs 11.2 mln
+      Profit after tax 25.1 mln vs 18.4 mln
+      Minority interest 300,000 vs 615,000
+      Net tangible assets per ordinary shr 111.3p vs 101.6p
+  
+
diff --git a/reuters/training/5258 b/reuters/training/5258
new file mode 100644
index 0000000000000000000000000000000000000000..065dcd03b12a86e8b9c6aed44dafff132090510d
--- /dev/null
+++ b/reuters/training/5258
@@ -0,0 +1,97 @@
+COCOA LATEST FOCUS FOR COMMODITY PACT NEGOTIATORS
+  The credibility of government efforts to
+  stabilise fluctuating commodity prices will again be put to the
+  test over the next two weeks as countries try to agree on how a
+  buffer stock should operate in the cocoa market, government
+  delegates and trade experts said.
+      Only two weeks ago, world coffee prices slumped when
+  International Coffee Organization members failed to agree on
+  how coffee export quotas should be calculated. This week, many
+  of the same experts gather in the same building here to try to
+  agree on how the cocoa pact reached last summer should work.
+      The still unresolved legal wrangle surrounding the
+  International Tin Council (ITC), which had buffer stock losses
+  running into hundreds of millions of sterling, is also casting
+  a shadow over commodity negotiations.
+      The ITC's failure has restricted negotiators' ability to
+  compromise as governments do not want to be involved in pacts
+  with built-in flaws or unlimited liability, but want clear
+  lines drawn between aid and trade.
+      A more hopeful sign of cooperation was agreement on basic
+  elements of a new International Natural Rubber Agreement in
+  Geneva at the weekend.
+      Some importing countries insist the International Cocoa
+  Organization (ICCO) buffer stock rules must not be muddied with
+  quota type subclauses which might dictate the type of cocoa to
+  be bought. One consumer country delegate said this would
+  "distort, not support" the market.
+      Trade and industry sources blame uncertainty about the ICCO
+  for destabilising the market as the recent collapse in coffee
+  prices has made traders acutely aware that commodity pacts can
+  founder. On Friday this uncertainty helped push London cocoa
+  futures down to eight month lows. The strength of sterling has
+  also contributed to the recent slip in prices.
+      The ICCO daily and average prices on Friday fell below the
+  "must buy" level of 1,600 SDRs a tonne designated in the pact,
+  which came into force at the last ICCO session in January but
+  without rules for the operation of the buffer stock.
+      Consumers and producers could not agree on how it should
+  operate and what discretion it should be given. The agreement
+  limits it to trading physical cocoa and expressly says it
+  cannot operate on futures markets.
+      A cash balance of some 250 mln dlrs and a stock of almost
+  100,000 tonnes of cocoa, enough to mount large buying or
+  selling operations, were carried forward from the previous
+  agreement.
+      Members finance the stock through a 45 dlrs a tonne levy on
+  all cocoa they trade. It has an upper limit of 250,000 tonnes.
+      The key arguments being faced by the ICCO working group on
+  buffer stock rules which is meeting today and tomorrow will be
+  over non-member cocoa and differentials the buffer stock should
+  pay when trading different types of cocoa. Another working
+  group is scheduled to meet Wednesday to discuss administrative
+  matters, and the full council meets on Thursday.
+      Producers have so far maintained that buffer stock funds
+  should not help mop up surplus cocoa produced in non-member
+  countries such as Malaysia.
+      Consumers say when this cocoa is the cheapest the buffer
+  stock should buy it rather than compete with chocolate
+  manufacturers for premium-priced high quality cocoas.
+      The argument over buying non-member cocoa is closely linked
+  to the one over differentials for different qualities.
+      European industry and trade advisers have suggested as a
+  compromise that the buffer stock have a maximum share that can
+  represent non-member cocoa and that it use the London futures
+  market's existing differentials for different qualities.
+      Currently, good West African cocoa is tendered at par onto
+  the London market.
+      Discounts, which are currently under review, range up to 50
+  stg a tonne for Brazilian and Malaysian cocoa.
+      Consumer delegates said the same arguments in reverse would
+  operate when prices are high - the buffer stock should sell the
+  highest priced cocoa in most demand, forcing all prices lower.
+      The January talks were slowed by a split inside the
+  European Community, a key ICCO consumer group, with France
+  siding with producers. EC representatives met in closed session
+  in Brussels on Friday in an attempt to reach a common ground
+  and, a diplomatic source said, narrowed the range of positions
+  among the 12 nations.
+      The source said the EC will be looking for signs of
+  flexibility on the part of producers in the next few days and
+  will be able to respond if they are there.
+      One ICCO delegate describing the producer/consumer split
+  said consumer proposals mean buying more cocoa for less and
+  backs the concept of the pact which is "meant to support the
+  market where trade buying is not."
+      In contrast, he said, producers seem to want to sell their
+  cocoa to the buffer stock rather than consumers.
+      Other, more technical, issues still outstanding include
+  whether the buffer stock should buy at a single announced
+  "posted price" as in the previous pact or by announcing it is
+  buying then accepting offers.
+      In either case, delegates said, it is accepted that
+  producers must be given a clear opportunity to make offers of
+  cocoa for forward shipment directly to the buffer stock in a
+  way that is competitive with spot offers made by dealers.
+  
+
diff --git a/reuters/training/5260 b/reuters/training/5260
new file mode 100644
index 0000000000000000000000000000000000000000..61cc6d62aed3222f866fb43b56b28879ce30c222
--- /dev/null
+++ b/reuters/training/5260
@@ -0,0 +1,13 @@
+YUGOSLAV FEBRUARY INFLATION RISES 7.2 PCT
+  Yugoslav retail prices in February
+  rose 7.2 pct from January to stand 91.6 pct higher than in
+  February 1986, the Federal Statistics Office said.
+      In January retail prices rose 6.6 pct from December to
+  stand 90.4 pct higher than in January 1986.
+      The cost of living, an index that includes services and
+  utilities as well as retail prices, was up 7.3 pct in February
+  from January and stood 93.6 pct higher than in February 1986.
+      In January the cost of living increased by 6.4 pct from
+  December and stood 91.8 pct higher than in January 1986.
+  
+
diff --git a/reuters/training/5264 b/reuters/training/5264
new file mode 100644
index 0000000000000000000000000000000000000000..6f225e31403295ba2922031269276e54a13c713b
--- /dev/null
+++ b/reuters/training/5264
@@ -0,0 +1,18 @@
+MAI PLC <MLLL.L> SIX MONTHS TO DECEMBER
+  Shr 25.7p vs 21.5p
+      Div 6p vs 4p
+      Pretax profit 24.13 mln stg vs 16.40 mln
+      Net after tax 15.08 mln vs 10.52
+      Extraordinary credit 8.71 mln stg vs nil
+      Turnover 140.8 mln vs 96.55
+      Note - The extraordinary item comprises profit less losses
+  on the sale of certain subsidiaries less related tax and
+  minority interests.
+      Pretax profit comprises -
+      Securities and money broking 15.44 mln stg vs 10.75 mln
+      Personal financial services 3.6 mln vs 735,000 stg
+      Media 3.74 mln vs 3.16 mln
+      Market reserch 912,000 stg vs 732,000
+      Net interest 438,000 vs 1.03 mln
+  
+
diff --git a/reuters/training/5266 b/reuters/training/5266
new file mode 100644
index 0000000000000000000000000000000000000000..2a22f6f28099377278d4b32140ef618274be877b
--- /dev/null
+++ b/reuters/training/5266
@@ -0,0 +1,14 @@
+MADAGASCAR RICE CROP ESTIMATED HIGHER IN 1987
+  Madagascar's vital rice crop is
+  estimated at 2,286,000 tonnes of paddy this year, up from
+  2,138,000 in 1986, the Ministry of Agriculture said.
+      The Trade Ministry said rice imports quadrupled in local
+  currency value during the first nine months of last year as the
+  government established a buffer stock of the country's staple
+  food.
+      Rice imports increased to 82.4 billion Malagasy francs
+  during the first nine months of last year from 20 billion in
+  the same period of 1985, the ministry said, without disclosing
+  the tonnages involved.
+  
+
diff --git a/reuters/training/5268 b/reuters/training/5268
new file mode 100644
index 0000000000000000000000000000000000000000..5709152bd440c2d02241ad5314d6b8e2d6b77058
--- /dev/null
+++ b/reuters/training/5268
@@ -0,0 +1,32 @@
+ECUADOR SAYS IT WILL PAY DEBT WHEN IT CAN
+  President Leon Febres Cordero said
+  Ecuador would honour its debt when it had the capacity to make
+  payments, but said foreign banks had calculated oil would have
+  to be 25 dlrs a barrel for Ecuador to meet its commitments.
+      Ecuador said on Friday that last week's earthquake was
+  forcing it to reaffirm an earlier decision -- based on the
+  slide in world oil prices -- to suspend debt payments to
+  private foreign banks, which hold two-thirds of its 8.16
+  billion dlr foreign debt.
+      "All legitimate debt is a commitment of honour," the
+  president said during a visit to the quake zone. "A government
+  as a sovereign entity has dignity and prestige to maintain."
+      Private foreign banks and the World Bank had calculated oil
+  would have to be at least 25 dlrs a barrel for Quito to be able
+  to meet its commitments, Febres Cordero said.
+      He added that Ecuadorean crude was now selling for 15 to 17
+  dlrs a barrel after having been sold for many months at 12 dlrs
+  a barrel and as low as seven dlrs before that.
+      Meanwhile, Ecuador announced an austerity program and a
+  price freeze on key consumer goods as a result of the
+  earthquake, which killed at least 300 people.
+      Presidency Minister Patricio Quevedo said the budget would
+  be cut by five to 10 pct, government hiring would be frozen and
+  salaries of top officials, including the president and cabinet,
+  would be reduced.
+      He also said a price freeze would be imposed on 20 basic
+  consumer items, mainly food staples, while the price of
+  gasoline would rise by between 69 and 80 pct and bus fares
+  would rise by 20 pct. Gasoline supplies would also be limited.
+  
+
diff --git a/reuters/training/5269 b/reuters/training/5269
new file mode 100644
index 0000000000000000000000000000000000000000..77b1d669a3812f7e4539e688275dfefb104d8613
--- /dev/null
+++ b/reuters/training/5269
@@ -0,0 +1,9 @@
+U.K. MONEY MARKET DEFICIT FORECAST REVISED UPWARDS
+  The Bank of England said it had revised
+  its estimate of the shortage in the money market today up to
+  1.15 billion stg before taking account of its early operations.
+      Earlier, the bank forecast the deficit at 1.05 billion stg
+  and gave 90 mln stg assistance at an early round of bill
+  offers.
+  
+
diff --git a/reuters/training/5270 b/reuters/training/5270
new file mode 100644
index 0000000000000000000000000000000000000000..2187a6ea7106e29a3894d04926cac51c48c9c413
--- /dev/null
+++ b/reuters/training/5270
@@ -0,0 +1,36 @@
+PARIBAS SEEKING TO ADJUST ECUADOR OIL FACILITY
+  Banque Paribas, which arranged a 220
+  mln dlr loan for Ecuador last year to pre-finance oil exports,
+  wants to adjust the terms of the facility to help the country
+  recover from a devastating earthquake, bankers said.
+      But the French bank's plan, which would effectively
+  postpone repayment of about 30 mln dlrs of the loan for several
+  months, is running into stiff resistance from many of the 52
+  members of the loan syndicate.
+      The pipeline that carries all Ecuador's oil exports was
+  ruptured in the March 5 tremor and will take some five months
+  to repair at a cost of about 150 mln dlrs to repair.
+      President Leon Febres Cordero on Friday estimated total
+  damages caused by the quake at one billion dlrs and said that
+  Ecuador as a result would maintain January's suspension of
+  interest payments on its foreign commercial bank debt.
+      Payments were halted in January because of the drop in the
+  price of oil, which accounts for nearly two-thirds of Ecuador's
+  export earnings and 60 pct of government revenue.
+      Although sympathetic to Ecuador's plight, many banks in the
+  Paribas facility feel that emergency financial relief is a job
+  for international financial organizations and not for
+  commercial banks, bankers said.
+      The 18-month oil-financing facility, which was signed last
+  October 28, is one of the few purely voluntary credits for a
+  Latin American nation since the region's debt crisis erupted in
+  August 1982.
+      Because it was a voluntary deal, many bankers feel strongly
+  that the orginal terms must be adhered to. Otherwise, they
+  fear, the gradual re-establishment of normal market conditions
+  for Latin borrowers will be set back.
+      "There's a lot of reluctance by the other banks. They feel
+  it's a different facility, and so any kind of suggestion of a
+  restructuring would look bad," one banker commented.
+  
+
diff --git a/reuters/training/5271 b/reuters/training/5271
new file mode 100644
index 0000000000000000000000000000000000000000..df662d586e75e1ed2d006906e104e6fe791b4fa2
--- /dev/null
+++ b/reuters/training/5271
@@ -0,0 +1,48 @@
+BANK OF JAPAN SATISFIED WITH YEN AT CURRENT RANGE
+  The Bank of Japan is satisfied with the
+  yen around its current range, a senior central bank official
+  told reporters.
+      He said the pledge by major industrial nations in Paris
+  last month to cooperate to hold exchange rates around current
+  ranges applied in both directions, a dollar fall or a dollar
+  rise.
+      Unilateral intervention itself cannot ensure currency
+  stability, but it can be useful when coordinated with other
+  policies and with other central banks, he said.
+      The Bank of Japan is rather confident currency stability
+  will continue for some time, the senior bank official said, but
+  declined to be more specific.
+      Finance Minister Kiichi Miyazawa told parliament on Friday
+  the current dollar/yen exchange rate is not necessarily
+  satisfactory for the Japanese economy.
+      Asked what factors might destabilize the markets, the
+  official cited a lessening of market fear about intervention, a
+  completely unexpected change in the economy of Japan, the U.S.
+  Or West Germany, or resumption of comments by government
+  officials seeking to talk the dollar up or down.
+      The senior bank official said he expects Japan's gross
+  national product (GNP) to grow three pct or slightly more in
+  the fiscal year beginning in April. That would be little
+  changed from the performance expected this year.
+      Domestic demand may grow nearly four pct in 1987/88, but
+  the external sector will have a negative impact on GNP of
+  nearly one percentage point, he said.
+      He said there was virtually no room for further monetary
+  policy action to boost the economy. The economy's performance
+  in the future very much depends on fiscal policy, he added.
+      The central bank's monetary policy has already done its
+  part in stimulating the economy, the senior bank official said.
+  The Bank of Japan has cut its discount rate five times over the
+  last year and a half.
+      Although the central bank does not see any imminent risk of
+  inflation, there could be some problems in the future, he said.
+  "We are sitting on a barrel of powder, but fortunately it may
+  still be wet," he added.
+      Liquidity among private households and especially the
+  corporate sector has increased substantially, he said.
+      The liquidity is the reason for the recent boom of stock
+  exchange prices, the bank official said. This inflow of funds
+  into the stock exchange, occurring also in other countries, may
+  continue, he said.
+  
+
diff --git a/reuters/training/5272 b/reuters/training/5272
new file mode 100644
index 0000000000000000000000000000000000000000..69fc278c59a83e7879508a6811a6def4eadb0d0b
--- /dev/null
+++ b/reuters/training/5272
@@ -0,0 +1,14 @@
+BANK OF CHINA TAKES STAKE IN BAII HOLDINGS
+  Bank of China has taken a stake in
+  Luxembourg-based finance company BAII Holdings SA, a spokesman
+  for BAII said.
+      The stake was between three and five pct but no further
+  details of the deal, which was announced simultaneously in
+  Paris, London and Hong Kong, were immediately available.
+      BAII, which is 50 pct Arab owned, is looking to expand its
+  activities in the Far East and recently established a
+  wholly-owned merchant banking subsidiary in Hong Kong, the
+  spokesman said.
+      The group had earnings of 15.4 mln dlrs in 1985.
+  
+
diff --git a/reuters/training/5273 b/reuters/training/5273
new file mode 100644
index 0000000000000000000000000000000000000000..1685206d973ec05909b8b490ac842d4422d7c8b8
--- /dev/null
+++ b/reuters/training/5273
@@ -0,0 +1,73 @@
+SAUDI OIL MINISTER SEES NO NEED TO ALTER PACT
+  Saudi Arabian Oil Minister Hisham Nazer
+  said OPEC's December agreement to stabilize oil prices at 18
+  dlrs a barrel was being implemented satisfactorily and there
+  was no immediate need to change it.
+      Nazer, in an interview with Reuters and the television news
+  agency Visnews, said Saudi Arabia was producing around three
+  mln barrels per day (bpd) of crude oil, well below its OPEC
+  quota.
+      Saudi Arabia, the world's largest oil exporter, will
+  continue to restrain production as long as other OPEC members
+  adhere to the pact, Nazer said.
+      The 13-nation OPEC agreed in December to cut its production
+  ceiling by 7.25 pct to 15.8 mln bpd and abide by fixed prices
+  averaging 18 dlrs a barrel from February 1.
+      Nazer, in his first interview since succeeding Ahmed Zaki
+  Yamani last October, said: "I do not foresee any need for new
+  measures before the 25th of June when our (next OPEC) meeting
+  will take place as scheduled."
+      Nazer said OPEC was producing below 15.8 mln bpd and all
+  members were abiding by its agreements.
+      "We've heard news every now and then of violations but they
+  were not at all verified," he said.
+      OPEC production curbs have boosted world oil prices from a
+  13-year low of around eight dlrs a barrel last August to near
+  18 dlrs after announcement of the December pact.
+      Spot market prices slipped some two dlrs in February but
+  have firmed in the past two weeks to near OPEC levels as
+  traders gained confidence in OPEC price and output discipline.
+      Nazer said Saudi Arabia would continue to produce below its
+  4.133 mln bpd quota if necessary to defend the 18 dlr price.
+      "As long as all the OPEC members adhere to the program as
+  devised in December, Saudi Arabia will continue to adhere to
+  the agreement," he said.
+      Current production of three mln bpd includes oil from the
+  Neutral Zone shared with Kuwait, but not sales from floating
+  storage, Nazer said.
+      King Fahd of Saudi Arabia, in an interview with Reuters and
+  Visnews on March 11, said the kingdom wanted oil price
+  stability and called on non-OPEC producers to avoid harmful
+  competition with OPEC.
+      "Saudi Arabia doesn't decide prices by itself but certainly
+  desires price stability," he said.
+      Nazer said the output level did not mean the kingdom had
+  returned to a role of "swing producer" within OPEC.
+      Saudi Arabia allowed its output to sink as low as two mln
+  bpd in August 1985 to compensate for slack demand and
+  over-production by some OPEC states.
+      "Saudi Arabia is not playing that role. It is being played
+  by OPEC membership as a whole because the reduction in the 15.8
+  mln bpd share of OPEC in the market is being shared by other
+  members of OPEC," Nazer said.
+      Nazer said OPEC estimated demand for its oil during third
+  quarter this year would be around 16.6 mln bpd.
+      But he said if circumstances changed "I am sure then the
+  OPEC members will consult with each other and take the
+  necessary measures."
+      Oil analysts say the OPEC pact could come under strain when
+  demand for petroleum products generally falls in the northern
+  hemisphere spring and summer.
+      Nazer said he was satisfied with the extent of cooperation
+  from non-OPEC producers. Norway, Egypt and the Soviet Union
+  agreed to help OPEC by restraining production or exports after
+  he visited them on OPEC's behalf earlier this year.
+      "We did not ask any country to do anything. These were
+  programmes they thought were necessary to stabilise market
+  conditions and to help themselves attain better pricing
+  conditions," Nazer said.
+      He said it was up to countries that declined to cooperate
+  -- such as Britain -- to come up with their own proposals if
+  they saw fit.
+  
+
diff --git a/reuters/training/5274 b/reuters/training/5274
new file mode 100644
index 0000000000000000000000000000000000000000..edef2285094d599d23a25e461d82b8e8c906a2a2
--- /dev/null
+++ b/reuters/training/5274
@@ -0,0 +1,21 @@
+TURKISH TRADE DEFICIT WIDENS IN 1986
+  Turkey's trade deficit rose to 3.65
+  billion dlrs in 1986 from 3.39 billion in 1985 following
+  increased imports from Western countries, figures from the
+  State Statistics Institute show.
+      Exports were down 6.3 pct at 7.45 billion dlrs, compared
+  with 7.95 billion in 1985, while imports were down 2.1 pct at
+  11.10 billion dlrs from 11.34 billion.
+      Total trade with Mid-East Gulf states fell some 40 pct due
+  to lower oil prices, with imports at 1.55 billion dlrs,
+  compared with 2.74 billion, and exports at 1.65 billion after
+  2.72 billion.
+      Exports to Organisation for Economic Cooperation and
+  Development countries rose to 4.29 billion dlrs from 4.11
+  billion in 1985, while imports were 4.56 billion after 3.55
+  billion.
+      Turkey's trade deficit in December narrowed to 216 mln dlrs
+  from 340 mln in November, and compared with 277 mln in December
+  1985.
+  
+
diff --git a/reuters/training/5276 b/reuters/training/5276
new file mode 100644
index 0000000000000000000000000000000000000000..6ba07544165bb9a84f2022137a54e9282ab58761
--- /dev/null
+++ b/reuters/training/5276
@@ -0,0 +1,14 @@
+ALUSUISSE SHARES FALL AFTER CAPITAL CUT NEWS
+  Bearer shares of Schweizerische
+  Aluminium AG <ALUZ.Z> (Alusuisse) fell sharply as trading
+  resumed after a one-day suspension on Friday, when the firm
+  disclosed plans for a capital cut.
+      The bearers, held mainly by foreign investors, dropped 30
+  Swiss francs to 460. But volume was not particularly heavy.
+  Registered shares were less affected, slipping five to 165. The
+  participation certificates fell to 43 francs from 45.50.
+      Alusuisse made a net loss of 688 mln francs, after a
+  restated 756 mln loss in 1985, and set a 50 pct capital cut.
+  The company said it could break even this year.
+  
+
diff --git a/reuters/training/5277 b/reuters/training/5277
new file mode 100644
index 0000000000000000000000000000000000000000..acabaec2f346c711dc8b7652010f9d1d9de08893
--- /dev/null
+++ b/reuters/training/5277
@@ -0,0 +1,11 @@
+U.K. MONEY MARKET GIVEN FURTHER 30 MLN STG HELP
+  The Bank of England said it provided the
+  money market with a further 30 mln stg assistance.
+      This brings the Bank's total help so far today to 120 mln
+  stg and compares with its upward revised estimate that the
+  system would face a shortage of some 1.15 billon stg.
+      The central bank bought bills for resale to the market in
+  equal amounts on April 1, 2 and 3 at an interest rate of
+  10-7/16 pct.
+  
+
diff --git a/reuters/training/5278 b/reuters/training/5278
new file mode 100644
index 0000000000000000000000000000000000000000..73d700cd47c1ff9b023d145e034afcf2a0c37967
--- /dev/null
+++ b/reuters/training/5278
@@ -0,0 +1,34 @@
+EGYPT, SOVIETS TO RENEGOTIATE ARMS DEBT TERMS
+  Egypt and the Soviet Union are expected
+  to sign an agreement in Moscow next week settling Cairo's three
+  billion dlr military debt, Egyptian officials said.
+      One official, who asked to remain anonymous, told Reuters a
+  draft agreement would reduce to zero from two pct future
+  interest payable on the 10 year-old debt, and set a 25 year
+  repayment term.
+      Talks are due to begin in Moscow on Wednesday.
+      Economy Minister Youssri Mustapha, who leaves for Moscow on
+  Tuesday, met President Hosni Mubarak and Egyptian ambassador to
+  Moscow Salah Bassiouni to discuss the issue.
+      One official said Egypt would propose a new exchange rate
+  for trade with the Soviet Union. Current commerce is based on a
+  rate set in the 1960s of 0.38 Egyptian pounds to the dollar
+  which Moscow sees as unreasonable. The fluctuating official
+  rate is about 1.36 pounds to the dollar.
+      The officials said part of the debt would be paid in
+  exports of goods such as textiles, leather and furniture.
+      Egypt wants to settle the debt problem partly to open the
+  door for new cooperation, mainly in modernising Soviet-built
+  steel, aluminium and fertiliser plants under a five-year
+  development plan ending June 30 1992.
+      Egypt, which already imports Soviet coal, wood, newsprint
+  and glass, also wanted a debt deal to allow purchases of
+  currently blocked spare parts for its ageing Soviet military
+  hardware, the officials said.
+      An estimated 65 pct of Egypt's arsenal is still made up of
+  Soviet-supplied equipment, one official said.
+      Cairo stopped repaying Moscow for arms purchases in 1977
+  when then-president Anwar Sadat broke with its long-standing
+  ally and turned to the U.S..
+  
+
diff --git a/reuters/training/5279 b/reuters/training/5279
new file mode 100644
index 0000000000000000000000000000000000000000..2f571bb54b34313825546d3350f0f1666d4b4064
--- /dev/null
+++ b/reuters/training/5279
@@ -0,0 +1,24 @@
+PERU BEGINS FOREIGN EXCHANGE RATIONING
+  Peru will put into effect today a foreign
+  exchange rationing system for imports designed to stop a slide
+  in the country's international reserves, a government decree in
+  the Official Gazette said.
+      Under the system, importers will be required to present a
+  bill from the foreign seller of goods and apply for a license
+  for foreign exchange. The central bank will have 10 days to
+  decide whether to issue the required foreign exchange.
+      Net international reserves now total about 800 mln dlrs
+  compared to 1.54 billion dlrs a year ago.
+      The system will be effective until the end of 1988.
+      A ceiling for foreign exchange availability will be set by
+  a council with members from the central bank, the economy
+  ministry and the planning and foreign trade institutes. The
+  central bank will issue licenses to procure foreign exchange in
+  accordance with guidelines set by the council.
+      Peru's reserves fell sharply due to a drop in the trade
+  surplus to about five mln dlrs in 1986 from 1.1 billion in
+  1985, according to preliminary central bank estimates.
+     Total exports dropped to 2.50 billion dlrs last year against
+  2.97 billion in 1985.
+  
+
diff --git a/reuters/training/528 b/reuters/training/528
new file mode 100644
index 0000000000000000000000000000000000000000..5477c3ba7241a85784738508e7cf4f1bedb8d7b0
--- /dev/null
+++ b/reuters/training/528
@@ -0,0 +1,10 @@
+DURO-TEST CORP <DUR> 2ND QTR JAN 31 NET
+  Shr 10 cts vs 14 cts
+      Net 531,896 vs 727,781
+      Revs 16.0 mln 16.8 mln
+      Six mths
+      Shr 30 cts vs 39 cts
+      Net 1,532,431 vs 2,000,732
+      Revs 32.7 mln vs 34.5 mln
+  
+
diff --git a/reuters/training/5280 b/reuters/training/5280
new file mode 100644
index 0000000000000000000000000000000000000000..a7d5404dbefb2b32e75f1ee123d46f8ce12945c5
--- /dev/null
+++ b/reuters/training/5280
@@ -0,0 +1,24 @@
+TAIWAN SAYS U.S. WANTS TAIWAN DOLLAR TO APPRECIATE
+  The United States wants Taiwan's
+  currency to appreciate faster to reduce Taiwan's trade surplus
+  with the U.S., A senior trade official said.
+      Board of Foreign Trade director Vincent Siew told reporters
+  on Saturday U.S. Officials told him in Washington last week
+  that unless Taiwan allowed its dollar to rise faster it would
+  face retaliation.
+      Siew returned from Washington on Friday after the U.S
+  responded to Taiwan's request to increase its textile export
+  quotas by promising further talks in May. Taiwan's surplus with
+  the U.S. Hit a record 13.6 billion U.S. Dlrs in 1986.
+      Washington signed a three-year accord with Taipei last year
+  limiting textile export growth to 0.5 pct a year.
+      Siew said the Taiwan dollar had risen by about 15 pct
+  against the U.S. Dollar since September 1985.
+      It surged last week amid indications Washington was seeking
+  a major rise in its value. It rose four cents against the U.S.
+  Dollar on Saturday to close at 34.59.
+      Western trade sources told Reuters Taiwan and the U.S. Have
+  been holding talks on the currency issue but added it is not
+  clear how far Washington wants to see the Taiwan dollar rise.
+  
+
diff --git a/reuters/training/5281 b/reuters/training/5281
new file mode 100644
index 0000000000000000000000000000000000000000..13ba4d2fada065c1faf08398680da88f5b34542e
--- /dev/null
+++ b/reuters/training/5281
@@ -0,0 +1,22 @@
+SAUDIS DROP CONDITION FOR OIL SALE TO BRAZIL
+  Saudi Arabia has dropped its
+  condition that Brazil secure international bank guarantees
+  before Saudia Arabia would ship it oil, state-oil company
+  Petrobras said in a statement.
+      Petrobras said the Saudis will accept Banco do Brasil
+  credit guarantees.
+      Petrobras cancelled a 40 mln dlr crude oil purchase from
+  the Saudis yesterday after they refused to accept a letter of
+  credit from the official Bank of Brazil. The Saudis had
+  demanded that Brazil get credit guarantees from leading
+  international banks.
+      Petrobras said the Saudis had been advised that if they did
+  not change their mind by Monday, Petrobras would negotiate the
+  purchase of oil with other producers.
+      The Petrobras statement said the shipment of 2.2 mln
+  barrels will be made by the Saudis on March 24 as scheduled.
+      The shipment was part of a contract signed in February for
+  the Saudis to supply Brazil with 125,000 barrels per day until
+  June.
+  
+
diff --git a/reuters/training/5283 b/reuters/training/5283
new file mode 100644
index 0000000000000000000000000000000000000000..6dd956847d5228358b675f137b9ccc7f97f9165f
--- /dev/null
+++ b/reuters/training/5283
@@ -0,0 +1,21 @@
+BSI RAISING 50 MLN SWISS FRANCS VIA RIGHTS ISSUE
+  Banca della Svizzera Italiana <BISZ.Z>
+  said it planned a one-for-12 rights issue at 300 pct of nominal
+  value to raise about 50 mln francs new capital.
+      The rights issue would have a theoretical value to
+  shareholders of 140 Swiss francs per bearer share and 45 per
+  registered share.
+      BSI was also seeking shareholder authorization for 200,000
+  new participation certificates of a nominal value of 100 francs
+  without rights for shareholders, to back future convertible or
+  warrant bonds or for other purposes. Existing 500-franc "B"
+  tranche certificates would be split five-for-one.
+      The split would improve the marketability of the existing
+  certificates, chief executive Giorgio Ghiringhelli told a news
+  conference.
+      The new bearer shares would be priced at 1,500 francs,
+  compared with a closing price last Friday of 3,325 on the
+  Zurich Stock Exchange, while the registered shares would be
+  issued at 300 francs against a market price of 900.
+  
+
diff --git a/reuters/training/5284 b/reuters/training/5284
new file mode 100644
index 0000000000000000000000000000000000000000..4613afe414f73ccb8e24f810d1c8542cfda7010a
--- /dev/null
+++ b/reuters/training/5284
@@ -0,0 +1,5 @@
+PEPSICO OFFERS TO ACQUIRE CALNY INC FOR 11.50 DLRS A SHARE
+
+  PEPSICO OFFERS TO ACQUIRE CALNY INC FOR 11.50 DLRS A SHARE
+  
+
diff --git a/reuters/training/5285 b/reuters/training/5285
new file mode 100644
index 0000000000000000000000000000000000000000..66031b721d7a435a2a47f4465a4539e6b8a2a182
--- /dev/null
+++ b/reuters/training/5285
@@ -0,0 +1,46 @@
+U.K. AND GERMANY LEAD ATTACK ON EC FARM REFORMS
+  Britain and West Germany told their
+  European Community partners they would strongly oppose major
+  elements of proposals to rid the EC of its farm surpluses.
+      At a meeting of EC foreign ministers, Britain called for a
+  full debate on a proposed tax on edible oils and fats that has
+  already angered EC consumer groups and unleashed Washington-led
+  protests from exporters to the EC, diplomats said.
+      West Germany, also opposed to the oils and fats tax, will
+  advise the meeting formally later today it cannot countenance
+  other proposals that could hit German farmers, they added.
+      They said West Germany's objections were put in a letter
+  this weekend from Chancellor Helmut Kohl to Jacques Delors, the
+  president of the EC's Executive Commission which had put
+  forward the proposals last month in a bid to avoid a new EC
+  cash crisis.
+      Kohl reiterated German objections to proposed cereals
+  production curbs but reserved his harshest criticism for a
+  proposed dismantling of Monetary Compensatory Amounts (MCAs) -
+  a system of cross-border subsidies and taxes which level out
+  foreign exchange fluctuations for farm exports.
+      Kohl made clear the dismantling would mainly hit German
+  farmers who, without MCAs, would find it much more difficult to
+  export to weaker currency states, which means virtually all
+  other 11 EC states, diplomats said.
+      Britain initiated the discussion on the proposal to impose
+  a hefty tax on domestic and imported oils and fats because it
+  could seriously damage EC trade relations.
+      The diplomats said the United States had been the most
+  outspoken among foreign critics of the proposal, describing it
+  as a breach of the EC's obligations under the world trade body
+  GATT.
+      But protests had also come from other exporters to the EC,
+  such as Senegal, Malaysia, Indonesia, Brazil, Argentina,
+  Iceland and Norway, they added.
+      Britain has often lined up against West Germany on the farm
+  reform issue in the past but is keen to avoid measures that
+  could spark a damaging trade war with the U.S.
+      Foreign ministers were unlikely to take a decision on
+  either the oils and fats tax or the MCA proposals today,
+  diplomats said. But their discussion should make clear that
+  neither has a chance of surviving when it comes up for
+  substantive consideration by EC farm ministers later this
+  month, they added.
+  
+
diff --git a/reuters/training/5286 b/reuters/training/5286
new file mode 100644
index 0000000000000000000000000000000000000000..31b8ded23ad15066e04a2ac26df83ce4e24c9f19
--- /dev/null
+++ b/reuters/training/5286
@@ -0,0 +1,36 @@
+HARPER AND ROW <HPR> TO MULL OPTIONS AFTER BIDS
+  Harper and Row Publishers Inc said its
+  board of directors decided to take no action on two takeover
+  bids that the company has received. Instead, it appointed a
+  committee of independent directors to study strategic
+  alternatives for the 170-year-old firm.
+      The alternatives include continuation of the company's
+  existing business plans, possible business combinations, sales
+  of stock, restructuring and the sale of all or part of the
+  company.
+      Kidder Peabody and Co Inc has been retained to advise on
+  the alternatives, Harper and Row added.
+      Private investor Theodore Cross last week offered 34 dlrs a
+  share for Harper and Row, prompting a rival bid of 50 dlrs a
+  share from another publishing firm, Harcourt Brace Jovanovich
+  Inc <HBJ>.
+      After carefully considering the two offers at a meeting on
+  Friday, the Harpers and Row board decided not to act on them.
+      The directors unanimously expressed their strong desire to
+  preserve the company's independence and take advantage of its
+  "considerable future prospects," according to director Winthrop
+  Knowlton, former chief executive and now chairman of the newly
+  established independent committee.
+      "However, given the significant current interest in the
+  company, we also feel that we should carefully review all the
+  options available. The committee will consider all the
+  pertinent facts and alternatives... We intend to make a careful
+  and informed decision but will proceed expeditiously to a
+  conclusion," Knowlton said.
+      Pending its deliberations, Harper and Row's board has
+  postponed indefinitely a special meeting of stockholders that
+  had been scheduled for April 2 to discuss a proposal to
+  recapitalize the company's stock in order to create two classes
+  of shares with different votinmg rights.
+  
+
diff --git a/reuters/training/5287 b/reuters/training/5287
new file mode 100644
index 0000000000000000000000000000000000000000..613344e34966c4c7a550a8e9f58657cb81f70728
--- /dev/null
+++ b/reuters/training/5287
@@ -0,0 +1,11 @@
+FAILING WASHINGTON STATE S/L IS ACQUIRED
+  The Federal Home Loan Bank Board
+  (FHLBB) announced the acquisition of Home Savings and Loan
+  Association in Seattle, Washington, by InterWest Savings Bank
+  of Oak Harbour, Washington.
+      The FHLBB said Home Savings was the 12th troubled savings
+  institution requiring federal action this year.
+      It said Home Savings had assets of 150.6 mln dlrs in assets
+  and InterWest had assets of 342.9 mln dlrs.
+  
+
diff --git a/reuters/training/5288 b/reuters/training/5288
new file mode 100644
index 0000000000000000000000000000000000000000..c4ade6744f79aaca42a1b71296e6dafe45c55264
--- /dev/null
+++ b/reuters/training/5288
@@ -0,0 +1,25 @@
+BALDRIGE WARNS OF WORLD TRADE WAR DANGER
+  U.S. Commerce Secretary Malcolm
+  Baldrige predicted Congress will pass a reasonable trade bill
+  this year and said tough protectionist legislation could prompt
+  a trade war.
+      "The mood of the Congress right now is as tough on trade as
+  I've ever seen it in six years in Washington," Baldrige said in
+  a weekend television interview.
+      "I think we'll still be able to get a reasonable trade bill
+  out in spite of that because the whole Congress is trying to
+  work together with the administration, but there is a hardening
+  trade attitude," he said.
+      President Reagan opposes protectionist legislation but
+  agreed to support a trade bill when it became apparent that
+  opposition Democrats would pass such legislation.
+      However, Baldrige warned measures that would penalize
+  trading partners such as Japan, South Korea and Taiwan for
+  failing to cut their trade surpluses with the U.S. could lead
+  to retaliation and he said he would urge Reagan to veto any
+  such bill.
+      When asked if there is a rising danger of a worldwide trade
+  war, Baldrige said: "Yes, I don't think there's any question
+  about that."
+  
+
diff --git a/reuters/training/529 b/reuters/training/529
new file mode 100644
index 0000000000000000000000000000000000000000..b94bae21b5a5d53264fedd2cb1fef5e964b1f697
--- /dev/null
+++ b/reuters/training/529
@@ -0,0 +1,6 @@
+<FRANKLIN UTILITIES FUND> SETS PAYOUT
+  Qtly div 14 cts vs 14 cts prior
+      Pay March 13
+      Record March Two
+  
+
diff --git a/reuters/training/5290 b/reuters/training/5290
new file mode 100644
index 0000000000000000000000000000000000000000..584a83ced418e9e1f02a304e1ac15a6def97ee31
--- /dev/null
+++ b/reuters/training/5290
@@ -0,0 +1,85 @@
+LEADING INDUSTRIAL NATIONS TO MEET IN APRIL
+  Leading industrial nations will meet
+  again next month to review their accord on currency stability,
+  but U.S. Officials said financial markets are convinced for now
+  the countries will live up to commitments to speed up economic
+  growth.
+      The narrow currency movements of recent weeks strongly
+  suggests the six leading industrial countries have tamed the
+  normally unruly financial markets and next month's talks seem
+  likely to build on that stability.
+      A Reagan administration official said the Paris agreement
+  last month was the main reason markets were calm.
+      But he said in an interview that financial markets also
+  understood, "That all six countries concluded that the measures
+  to be taken over a period of time in the future should foster
+  stability of exchange rates around current levels. That is in
+  fact what has happened since Paris."
+      Monetary analysts said stability has been helped in part by
+  the decision of industrial nations to bury the hatchet and
+  cease to quarrel over short-term policy objectives.
+      Instead they have focused on medium-term policy goals, but
+  left room to adjust their agreements with periodic meetings.
+      The official refused to comment, however, on whether the
+  agreement included a secret pact to consider further
+  coordinated interest rate cuts -- a measure industrial nations
+  have taken jointly several times in the past year.
+      On February 22, the United States, Japan, West Germany,
+  France, Britain and Canada agreed that major currencies were
+  within ranges broadly reflecting underlying economic
+  conditions, given commitments by Washington to cut its budget
+  deficit and by Toyko and Bonn to boost economic growth.
+      The shake-up would strengthen the U.S. Position in future
+  international talks.
+      "I think these changes will strengthen the President's hand
+  politically and the stronger he is politically the better off
+  we are with the Congress and the better off we are in
+  international fora," said the official, an Administration
+  economic policymaker. "So it would be beneficial to the
+  continued conduct of our initiatives."
+      But the official also said the Administration would resist
+  calls for a tax increase to cut the budget deficit -- a target
+  Europeans say is crucial to help curb economic instability.
+      Currency analysts believe the Paris agreement set secret 
+  short-term target ranges for their currencies with a specific
+  agreement to defend those bands with intervention.
+      According to market sources, the ranges agreed were 1.60 to
+  1.90 marks to the dollar, and 140 to 155 yen to the dollar.
+      There is no official confirmation that specific bands  were
+  set, although the agreement used the term "ranges", for the first
+  time in an international economic agreement.
+      The Paris accord stated the six would cooperate closely to
+  foster currency stability around current levels.
+      Last week, dealers said the Federal Reserve intervened to
+  stop the dollar rising against the mark, which had breached
+  1.86 to the dollar. British authorities are also understood to
+  have intervened to curb sterling's strength.
+      International monetary sources say finance ministers and
+  central bankers, who will review market performance and their
+  own economic prospects, will reassemble again in Washington
+  just before the April 9 policymaking meeting of the
+  International Monetary Fund.
+      The sources said Italy, which refused to join the Paris
+  pact, was invited back by Treasury Secretary James Baker.
+      Since Paris, there are signs West German growth is slowing,
+  while U.S. Officials said they were giving Japan until April to
+  show that an economic stimulus package was in the offing.
+      Signs of concern about German prospects emerged recently
+  when Bundesbank (central bank) president Karl Otto Poehl told
+  bankers he would consider cutting West German interest rates if
+  the Fed was ready to follow suit.
+      A Reagan Administration official said this would show there
+  had been some change in approach on the part of the central
+  bank in Germany.
+      But he declined to comment on the prospects for action by
+  the Fed and the Bundesbank.
+      "If there is such a provision it is private and if I talked
+  about it, it would no longer be private," said the official, who
+  asked not to be identified.
+      Public comments by Fed officials suggest the central bank
+  is keeping credit conditions broadly unchanged, but if the
+  major economies continue to show sluggish growth and the U.S.
+  Trade deficit remains stubbornly high, further coordinated
+  action could be on the April agenda.
+  
+
diff --git a/reuters/training/5291 b/reuters/training/5291
new file mode 100644
index 0000000000000000000000000000000000000000..121a7bc1b37fc3640264996a7d8886e3383c4ed1
--- /dev/null
+++ b/reuters/training/5291
@@ -0,0 +1,22 @@
+CALNY <CLNY> GETS BID FROM PEPSICO <PEP>
+  Calny Inc said it has
+  received an offer to be acquired by PepsiCo Inc, which already
+  owns 9.9 pct of Calny stock, for 11.50 dlrs per share, subject
+  to approval by PepsiCo and Calny boards and Calny shareholders.
+      The company said its board intendsd to schedule a meeting
+  in the near future to review the proposal and it has asked
+  <Oppenheimer and Co Inc> to assist it in evaluating the offer
+  and advise Calny on its alternatives.
+      Calny is the largest franchisee of PepsiCo's Taco Bell
+  restaurants, operating 143 in California, Oregon, Texas and
+  Washington as well as 15 La Petite Boulangerie bakeries in
+  Seattle.
+      Calny earned 1,192,000 dlrs on sales of 56.2 mln dlrs for
+  the nine months ended November Four.
+      On December Four, Calny rejected as inadequate an investor
+  group led by former president and chairman Robert A. Larive's
+  second offer to acquire it because the bid was inadeuqate and
+  subject to too many contingencies.  The group offered 11.50
+  dlrs and one dlr of 10 pct preferred stock per Calny share.
+  
+
diff --git a/reuters/training/5292 b/reuters/training/5292
new file mode 100644
index 0000000000000000000000000000000000000000..c6142a4cd171207d8176254fce754d4c7319016b
--- /dev/null
+++ b/reuters/training/5292
@@ -0,0 +1,12 @@
+INDONESIA PLANS TO BUILD PALM OIL TERMINAL
+  Indonesia will build a crude palm oil
+  terminal at a new port on Batam island, south of Singapore,
+  Research and Technology Minister Yusuf Habibie said.
+      The terminal will be able to handle 2.1 mln tonnes of crude
+  palm oil from new plantations in northern Sumatra and western
+  Kalimantan (Borneo), he said.
+      A tender for engineering work on the Asia Port project will
+  be offered mid-year. Habibie did not say when the terminal was
+  expected to be operational.
+  
+
diff --git a/reuters/training/5293 b/reuters/training/5293
new file mode 100644
index 0000000000000000000000000000000000000000..229388c65ef0369dfe12b56a45eae3cfa8e9e93d
--- /dev/null
+++ b/reuters/training/5293
@@ -0,0 +1,20 @@
+WARBURG PINCUS STARTS SYMBION <SYMB> BID
+  <Warburg, Pincus Capital Corp> said it
+  has started a tender offer for up to 2,500,000 common shares of
+  Symbion Inc at 3.50 dlrs each.
+      In a newspaper advertisement, The firm said the opffer is
+  not conditioned on receipt of any minimum number of shares but
+  is conditioned on holders of nor more than 400,000 Symbion
+  sharesseeking to receive the fair value of their shares under
+  provisions of the Utah Business Corporation Act.  Warburg said
+  receipt of 2,500,000 shares would raise its interest in Symbion
+  to about 59.3 pct from 25.8 pct currently and give it control.
+      Warburg said it reserves the right to buy more than
+  2,500,000 shares if the offer is oversubscribed but has no
+  present intention of doing so.  It said it has asked Symbion to
+  provide its shareholder list to help in disseminating the
+  offer.
+      The firm said the offer, proration period and withdrawal
+  rights expire April 22 unless extended.
+  
+
diff --git a/reuters/training/5295 b/reuters/training/5295
new file mode 100644
index 0000000000000000000000000000000000000000..1320b612716f864d635a041bbcba1fc885242908
--- /dev/null
+++ b/reuters/training/5295
@@ -0,0 +1,27 @@
+ZIM ENERGY <ZIMR> TO SELL SHARES PRIVATELY
+  ZIM Energy Corp said it has entered
+  into an agreement for a group consisting of <Strategy and
+  Development Inc>, <Norsk Vikingolje A/S> of Oslo and MIS Gas
+  Corp -- which already owns one third of ZIM -- to buy 15 to 20
+  mln new common shares at 20 cts each in association with <Polo
+  Energy Corp> and <Jaguar Petroleum Corp>.
+      The company said the investor group also bought about 6.3
+  mln shares from ZIM management. It said James Mitchell, William
+  Richardson and Steven Duin have resigned as officers and
+  directors.
+      ZIM said Chemclear Inc <CMCL> has unilaterally canceled an
+  agreement to merge with ZIM, and ZIM's board is studying the
+  possiblity of a claim against Chemclear.
+      The company said it expects to report a loss for the year
+  of about 3,125,000 dlrs due to lower oil and natural gas
+  prices, unsuccessful well workover programs and excessive
+  overhead and corporate expenses. It said it plans a dramatic
+  reduction in overhead costs that should improve results.
+      The company said Michel Billard has been named chairman and
+  Robert Berckmans has been named president and chief executive,
+  and Berckmans and two others have joined the board.
+      ZIM said it has agreed to acquire the remaining interest in
+  its Buccaneer and Blue Dolphin Pipeline affiliates for about
+  one mln dlrs in cash and stock.  It gave no further details.
+  
+
diff --git a/reuters/training/5296 b/reuters/training/5296
new file mode 100644
index 0000000000000000000000000000000000000000..7a61d9553a8aed8d49e71d74c6b33b9de749cf02
--- /dev/null
+++ b/reuters/training/5296
@@ -0,0 +1,8 @@
+BLUEFIELD SUPPLY <BFLD> IN LIQUIDATING PAYOUT
+  Bluefield Supply Co said its
+  board declared its second liquidating dividend of 1.71 dlrs per
+  share, payable March 16 to shareholders of record March 13.
+      The company paid an initial liquidating dividend of 15.75
+  dlrs per share on January Eight.
+  
+
diff --git a/reuters/training/5297 b/reuters/training/5297
new file mode 100644
index 0000000000000000000000000000000000000000..1480265b43ddebff8623b534353f783a01cdf882
--- /dev/null
+++ b/reuters/training/5297
@@ -0,0 +1,12 @@
+BERGEN BRUNSWIG CORP <BBCA> 2ND QTR FEB 28 NET
+  Shr 33 cts vs 48 cts
+      Shr diluted 33 cts vs 44 cts
+      Net 4,435,000 vs 6,410,000
+      Revs 839.3 mln vs 751.8 mln
+      1st half
+      Shr 55 cts vs 94 cts
+      Shr diluted 55 cts vs 88 cts
+      Net 7,374,000 vs 12.6 mln
+      Revs 1.68 billion vs 1.51 billion
+  
+
diff --git a/reuters/training/5299 b/reuters/training/5299
new file mode 100644
index 0000000000000000000000000000000000000000..9232f4769268d6e49f3ebf59a729bd44d0cb0400
--- /dev/null
+++ b/reuters/training/5299
@@ -0,0 +1,16 @@
+DIXONS SELLS 8.3 MLN WOOLWORTH SHARES
+  Dixons Group Plc <DXNS.L> has sold 8.3
+  mln shares in Woolworth Holdings Plc <WLTH.L> through Salomon
+  Brothers U.K. Equity Ltd, a statement from Salomon said.
+      The shares were placed with about 45 to 50 institutions in
+  Europe and the Far East. Dixons retains one mln Woolworth
+  shares, a Dixons spokesman added.
+      Industry sources said Dixons acquired the Woolworth shares
+  in connection with its unsuccessful bid for the company last
+  year.
+      Dixons paid an average price of 695p per share which
+  compares with 819p today. Woolworth closed on Froday at 833p.
+      A Dixons spokesman said the decision to retain one mln
+  shares reflected Woolworth's buoyant prospects.
+  
+
diff --git a/reuters/training/53 b/reuters/training/53
new file mode 100644
index 0000000000000000000000000000000000000000..6699d4e9c7999a877a1f25d8be4091ab1afdfdf5
--- /dev/null
+++ b/reuters/training/53
@@ -0,0 +1,6 @@
+EMHART CORP <EMH> QTLY DIVIDEND
+  Qtly div 35 cts vs 35 cts prior
+      Payable March 31
+      Record March nine
+  
+
diff --git a/reuters/training/530 b/reuters/training/530
new file mode 100644
index 0000000000000000000000000000000000000000..138f4d11486e5fc06a349eeb73e0f0f9a8d9fe81
--- /dev/null
+++ b/reuters/training/530
@@ -0,0 +1,19 @@
+GELCO CORP <GEL> 2ND QTR JAN 31 NET
+  Shr 67 cts vs 23 cts
+      Net 5,220,000 vs 3,143,000
+      Revs 236.1 mln vs 256.2 mln
+      Avg shrs 7.8 mln vs 13.7 mln
+      Six Mths
+      Shr 85 cts vs 59 cs
+      Net 8,919,000 vs 8,158,000
+      Revs 483.8 mln vs 515.5 mln
+      Avg shrs 10.4 mln vs 13.7 mln
+      NOTE: Fiscal 1987 second quarter and first half earnings
+  include a gain of 3.4 mln dlrs and exclude preferred dividend
+  requirements of five mln dlrs in the quarter and 5.6 mln dlrs
+  in the first half.
+      Fiscal 1986 net reduced by currency losses equal to six cts
+  a share in the second quarter and equal to nine cts in the six
+  months.
+  
+
diff --git a/reuters/training/5300 b/reuters/training/5300
new file mode 100644
index 0000000000000000000000000000000000000000..9cecbc47bd88a65b9c877614cc5bb9309d56cfde
--- /dev/null
+++ b/reuters/training/5300
@@ -0,0 +1,5 @@
+JOULE' INC <JOUL> SETS STOCK SPLIT
+  Joule' Inc said its board declared
+  a three-for-two stock split, payable April 30, record March 31.
+  
+
diff --git a/reuters/training/5303 b/reuters/training/5303
new file mode 100644
index 0000000000000000000000000000000000000000..41fd0e9ba9128b6b635ec02187d89f30430dc4cb
--- /dev/null
+++ b/reuters/training/5303
@@ -0,0 +1,7 @@
+<WHIPPANY PAPER BOARD CO INC> MERGER APPROVED
+  Whippany Paper Board Co Inc said
+  shareholders at a special meeting approved a merger into NPN
+  Inc for 2.50 dlrs per share.
+      NPN acquired control of Whippany in a recent tender offer.
+  
+
diff --git a/reuters/training/5304 b/reuters/training/5304
new file mode 100644
index 0000000000000000000000000000000000000000..042a9f409a0a2cb1bed539660f8cdc520d185338
--- /dev/null
+++ b/reuters/training/5304
@@ -0,0 +1,9 @@
+NORTHERN AIR FREIGHT <NAFI> GETS, REJECTS, BID
+  Privately-held <Pilot Air Freight>
+  said it met with officials of Northern Air Freight Inc to try
+  to negotiate a friendly acquisition of Northern, but Northern's
+  management had no interest in the proposal.
+      Northern has annual revenues of about 60 mln dlrs and is
+  based in Seattle.
+  
+
diff --git a/reuters/training/5308 b/reuters/training/5308
new file mode 100644
index 0000000000000000000000000000000000000000..4ddd340e72ffd34b1eb56065bc6911c12e1a3a4c
--- /dev/null
+++ b/reuters/training/5308
@@ -0,0 +1,7 @@
+AMERICAN BUILDING MAINTENANCE <ABM> 1ST QTR NET
+  Shr 35 cts vs 44 cts
+      Net 1,311,000 vs 1,619,000
+      Revs 125.2 mln vs 117.2 mln
+      NOTE: American Building Maintenance Industries Inc.
+  
+
diff --git a/reuters/training/5309 b/reuters/training/5309
new file mode 100644
index 0000000000000000000000000000000000000000..0f13bf53264bf654009d1e5ed7f598156e5c2c59
--- /dev/null
+++ b/reuters/training/5309
@@ -0,0 +1,12 @@
+RENOUF EXTENDS BENEQUITY HOLDINGS <BH> OFFER
+  Renouf Corp International said it has
+  extended the expiration of its offer to pay 31 dlrs a unit to
+  buy all outstanding units of Benequity Holdings a California
+  Limited Partnership to March 24 from March 13.
+      As of March 13, Renouf said, about 3,847,375 units had been
+  tendered.
+      Renouf pointed out this exceeds the minimum number sought
+  in the offer, but its statement gave no reason for the
+  extention. Benequity has 5.7 mln units outstanding.
+  
+
diff --git a/reuters/training/531 b/reuters/training/531
new file mode 100644
index 0000000000000000000000000000000000000000..8e83b76eca7789309cb6ea317074d9ae598fd7c1
--- /dev/null
+++ b/reuters/training/531
@@ -0,0 +1,7 @@
+INTERNCHANGE FINANCIAL SERVICES <ISBJ> PAYOUT UP
+  Qtly div 10 cts vs 8-1/3 cts prior
+      Pay April 21
+      Record March 20
+      NOTE: Interchange Financial Services Corp.
+  
+
diff --git a/reuters/training/5312 b/reuters/training/5312
new file mode 100644
index 0000000000000000000000000000000000000000..3ff9d46f76d4f6ffbb6cca0b5b212e32363475bb
--- /dev/null
+++ b/reuters/training/5312
@@ -0,0 +1,13 @@
+NEW WORLD PICTURES LTD <NWP> 4TH QTR NET
+  Shr 32 cts vs 21 cts
+      Net 4,717,000 vs 2,587,000
+      Revs 72.9 mln vs 37.9 mln
+      Avg shrs 14.7 mln vs 12.6 mln
+      Year
+      Oper shr 75 cts vs 41 cts
+      Oper net 10.7 mln vs 4,642,000
+      Revs 188.9 mln vs 106.6 mln
+      Avg shrs 14.2 mln vs 1.4 mln
+      NOTE: 1985 year net excludes 495,000 dlr tax credit.
+  
+
diff --git a/reuters/training/5313 b/reuters/training/5313
new file mode 100644
index 0000000000000000000000000000000000000000..880473f840920d6067511a6414bec8fdc41cddc5
--- /dev/null
+++ b/reuters/training/5313
@@ -0,0 +1,10 @@
+LOWRANCE ELECTRONICS INC <LEIX> 2ND QTR JAN 31
+  Shr profit 17 cts vs loss two cts
+      Net profit 520,000 vs loss 51,000
+      Sales 11.1 mln vs 6,897,000
+      1st half
+      Shr profit 34 cts vs profit 12 cts
+      Net profit 951,000 vs profit 320,000
+      Sales 20.6 mln vs 14.9 mln
+  
+
diff --git a/reuters/training/5314 b/reuters/training/5314
new file mode 100644
index 0000000000000000000000000000000000000000..f3f54111e244a1e0139411898848e92433168f84
--- /dev/null
+++ b/reuters/training/5314
@@ -0,0 +1,12 @@
+COMMTRON CORP <CMR> 2ND QTR FEB 28 NET
+  Shr 16 cts vs 22 cts
+      Net 1,574,000 vs 1,725,000
+      Sales 104.2 mln vs 116.0 mln
+      Avg shrs 10.1 mln vs eight mln
+      1st half
+      Shr 37 cts vs 37 cts
+      Net 3,675,000 vs 2,925,000
+      Sales 244.5 mln vs 230.6 mln
+      Avg shrs 10.0 mln vs eight mln
+  
+
diff --git a/reuters/training/5315 b/reuters/training/5315
new file mode 100644
index 0000000000000000000000000000000000000000..0960c5c6e8f313e060e88fa7e18645259a70b74a
--- /dev/null
+++ b/reuters/training/5315
@@ -0,0 +1,26 @@
+INDONESIA HAS IMPORTED PALM OIL, TRADERS SAY
+  Indonesia has imported palm oil this
+  year and is likely to take more, trade sources said.
+      They were commenting on a weekend Jakarta report quoting a
+  Ministry of Trade spokesman as saying Indonesia had not issued
+  licences to import the commodity. He also said there was no
+  sign of a shortage of palm oil in Indonesia.
+      A major palm oil dealer said he shipped Malaysian palm oil
+  to Indonesia in February, additional vessels were loading this
+  month and other vessels had been earmarked for April.
+      Other operators claimed they had palm oil booked for
+  Indonesia but would not disclose tonnages.
+      Traders said palm oil production in Indonesia this year had
+  been below expectations and current stocks were low. They said
+  licences were issued at the start of the year to import crude
+  palm oil but were subsequently revised to include RBD olein and
+  RBD oil.
+      Last week there were rumours in European markets that
+  Indonesia had issued licences to import around 135,000 tonnes
+  of palm oil for deliveries commencing April. An Indonesian
+  Ministry of Trade official said this was incorrect.
+      Some traders here said the total could be more. Others said
+  they could include those issued earlier this year and
+  applications not yet granted.
+  
+
diff --git a/reuters/training/5316 b/reuters/training/5316
new file mode 100644
index 0000000000000000000000000000000000000000..d1b3df0d540624bcc37b710eff8e80d0185dec9e
--- /dev/null
+++ b/reuters/training/5316
@@ -0,0 +1,12 @@
+WHOLESALE CLUB INC <WHLS> 4TH QTR JAN 31 NET
+  Shr profit two cts vs loss 16 cts
+      Net profit 558,000 vs loss 580,000
+      Sales 66.2 mln vs 29.5 mln
+      Avg shrs 4,476,000 vs 3,615,000
+      Year
+      Shr loss 61 cts vs loss 79 cts
+      Net loss 1,760,000 vs loss 2,180,000
+      Sales 158.4 mln vs 76.3 mln
+      Avg shrs 4,475,000 vs 2,751,000
+  
+
diff --git a/reuters/training/5317 b/reuters/training/5317
new file mode 100644
index 0000000000000000000000000000000000000000..dc222bb07d098713c3dafb777331a85d473ad69d
--- /dev/null
+++ b/reuters/training/5317
@@ -0,0 +1,15 @@
+MSA REALTY CORP <SSS> 4TH QTR NET
+  Shr profit four cts vs loss two cts
+      Net profit 247,970 vs loss 57,341
+      Revs 2,393,622 vs 2,627,612
+      Avg shrs 5,958,423 vs 2,440,100
+      Year
+      Shr profit 71 cts vs loss 35 cts
+      Net profit 3,213,310 vs loss 849,180
+      Revs 14,571,434 vs 9,099,767
+      Avg shrs 6,177,666 vs 2,440,083
+      NOTE: 1986 earnings include a loss from carryforward of
+  investment tax credits of 85,000 dlrs in the quarter and a gain
+  of 250,000 dlrs, or four cts a share for the year
+  
+
diff --git a/reuters/training/5318 b/reuters/training/5318
new file mode 100644
index 0000000000000000000000000000000000000000..3edd247eab2fb587c6ff69d9715e8f0768dcc4ca
--- /dev/null
+++ b/reuters/training/5318
@@ -0,0 +1,98 @@
+ECONOMIC SPOTLIGHT -FRANCE AWAITS ECONOMIC LIFT
+  A year after squeezing to power with a
+  narrow bare coalition majority, Gaullist Prime minister Jacques
+  Chirac has swept away a cobweb of controls and regulations
+  choking the French economy.
+      But France is still waiting for a promised industrial
+  recovery the government says will follow from its free market
+  policies. Company profits and the stock market are rising. But
+  so is unemployment. Growth is stagnant at about two pct a year
+  and the outlook for inflation, held to a 20-year low of 2.1 pct
+  in 1986, is uncertain.
+      Forced last month to cut the government's 1987 growth
+  target and raise its inflation estimate, Finance Minister
+  Edouard Balladur ruled out action to stimulate the economy. But
+  some government supporters say they fear time for an economic
+  miracle may be running out.
+      The political clock is ticking towards Presidential
+  elections due by April next year.
+      France's economic performance, led by a mixed cast of
+  right-wing ministers and a socialist President, has won mixed
+  reviews from non-partisan analysts.
+      For Michel Develle, Director of Economic Studies at
+  newly-privatised Banque Paribas, the government's outstanding
+  achievement has been to launch "a veritable intellectual
+  revolution" breaking the staid habits formed by centuries of
+  state control.
+      "The figures may look mediocre -- neither good nor bad --
+  but set in their context of structural reforms, they are
+  excellent," Develle said.
+      But some analysts say they fear that Balladur, chief
+  architect of the government's free market policies, may be
+  pursuing a mirage.
+      "The belief that economic liberalism will produce an
+  explosion of economic forces is ideological" said Indosuez chief
+  economist Jean Cheval. "Personally I think it's an illusion.
+  Dirigisme (direction) is a basic fact of the French system,
+  from school onwards. Ultra-liberalism is impossible."
+      Illusion or not, the government has pushed its vision hard.
+  Over the past year foreign exchange and consumer price controls
+  have been largely abolished, labour regulations have been
+  pruned to ease the sacking of redundant workers and a hugely
+  popular programme has been launched to sell state-owned banks
+  and industries to private investors.
+      Since December, nearly five mln French investors have
+  bought shares in Cie Financiere de Paribas <PARI.PA> and glass
+  maker Cie de Saint-Gobain SA <SGEP.PA>, the first two state
+  companies brought to the stock market under the 300 billion
+  franc five-year privatisation plan.
+      Encouraged by an amnesty for past illegal exports of
+  capital, and the lifting of most currency controls, money has
+  flooded into the Paris stockmarket from abroad, helping to lift
+  the market 57 pct last year and another 12.5 pct since
+  December.
+      At the end of last year the government abolished price
+  controls that had existed for 42 years on services such as car
+  repairs and hairdressing, freeing from state intervention small
+  businesses which account for some 60 pct of the French economy.
+      The immediate result was a 0.9 pct rise in consumer prices
+  in January, partly responsible for a forced revision in the
+  official 1987 inflation forecast, to 2.5 pct from two pct or
+  less.
+      "But even 2.5 pct would be a fantastic result, when you
+  consider that prices are now free for the first time since
+  1945," commented Develle of Paribas.
+      Other achievements include a major reduction in the state's
+  foreign debts, and a cut in the state budget deficit to 141.1
+  billion francs last year, 2.5 billion francs below target and
+  down from 153.3 billion in 1985.
+      But despite a healthy balance of payments surplus and a
+  gradual improvement in industrial productivity, the French
+  franc was forced by speculators in January into a humiliating
+  three pct devaluation against the West German mark, its second
+  since Chirac took power.
+      A recent report by the Organisation for Economic
+  Cooperation and Development pilloried French industry for
+  failing to produce the goods that its potential customers
+  wanted.
+      Outside the mainly state-controlled high technology
+  sectors, French industrial goods were "increasingly ill-adapted
+  to demand" and over-priced, the report said.
+      French economists, including Cheval at Indosuez, agreed
+  with the report. "One of the assumptions of the government is
+  that if you give them freedom, the employers will invest and
+  modernise....But nine out of ten will say yes, they like
+  freedom, and then wait to be told which way to go," he said.
+      And despite rising industrial investment and the
+  introduction of special incentives to boost youth employment,
+  the end-1986 number of jobless was reported at a record 2.7
+  million, some 300,000 more than a year earlier.
+      The problem for the government is that there may be little
+  more it can do to prod the economy into faster growth.
+      French producers failed more than most to take advantage of
+  last year's oil price falls and growth hopes now rest on the
+  shaky prospects of expansion in other industrial countries like
+  West Germany and Japan, they say.
+   REUTER...
+  
+
diff --git a/reuters/training/532 b/reuters/training/532
new file mode 100644
index 0000000000000000000000000000000000000000..baa6fa45f7181165f4c7881530d9bc0c327d5e7a
--- /dev/null
+++ b/reuters/training/532
@@ -0,0 +1,10 @@
+KAPOK CORP <KPK> IN TECHNICAL DEFAULT
+  Kapok Corp said it is in
+  techical default of its loans from Southeast Banking Corp <STB>
+  and Murray Steinfeld but is negotiating with the lenders.
+      It said neither has declared the loans due.
+      The company said it has agreed to sell the Peter Pan
+  Restaurant in Urbana, Md., for 1,100,000 dlrs, or one mln dlrs
+  after the payment of expenses.
+  
+
diff --git a/reuters/training/5320 b/reuters/training/5320
new file mode 100644
index 0000000000000000000000000000000000000000..54acef9767f93824fe7b2fb2d1d11bf33316ec9f
--- /dev/null
+++ b/reuters/training/5320
@@ -0,0 +1,5 @@
+BECOR WESTERN GETS OFFER TO BE ACQUIRED BY NEW GROUP FOR 15.50 DLRS SHARE
+
+  BECOR WESTERN GETS OFFER TO BE ACQUIRED BY NEW GROUP FOR 15.50 DLRS SHARE
+  
+
diff --git a/reuters/training/5321 b/reuters/training/5321
new file mode 100644
index 0000000000000000000000000000000000000000..19a817af94bd0285026ded0f3b390f513011f496
--- /dev/null
+++ b/reuters/training/5321
@@ -0,0 +1,16 @@
+EVEREST AND JENNINGS INTERNATIONAL <EJA> 4TH QTR
+  Shr profit nine cts vs loss 58 cts
+      Net profit 738,000 vs loss 4,643,000
+      Sales 50.9 mln vs 43.8 mln
+      Year
+      Shr profit 1.50 dlrs vs loss 61 cts
+      Net profit 12.1 mln vs loss 4,875,000
+      Sales 195.3 mln vs 174.2 mln
+      NOTE: 1985 net both periods includes 4,952,000 dlr
+  provision for plant closing.
+      1985 net includes gains on sale of West Los Angeles real
+  estate of 650,000 dlrs in quarter and 1,471,000 dlrs in year.
+      1986 year net includes gains on sale of West Los Angeles
+  real estate of 9,903,000 dlrs.
+  
+
diff --git a/reuters/training/5323 b/reuters/training/5323
new file mode 100644
index 0000000000000000000000000000000000000000..dc8e074b538476a3547314c254818f9e4c7e517f
--- /dev/null
+++ b/reuters/training/5323
@@ -0,0 +1,24 @@
+GERMAN BANK SEES HIGHER GOLD PRICE FOR 1987
+  Gold is expected to continue its rise
+  this year due to renewed inflationary pressures, especially in
+  the U.S., Hamburg-based Vereins- und Westbank AG said.
+      It said in a statement the stabilisation of crude oil
+  prices and the Organisation of Petroleum Exporting Countries'
+  efforts to achieve further firming of the price has led to
+  growing inflationary pressures in the U.S.
+      Money supplies in the U.S., Japan and West Germany exceed
+  central bank limits and real growth of their gross national
+  products, it added.
+      Use of physical gold should rise this year due to increased
+  industrial demand and higher expected coin production, the bank
+  said.
+      Speculative demand, which influences the gold price on
+  futures markets, has also risen, the bank said.
+      These factors and South Africa's unstable political
+  situation, which may lead to a temporary reduction in gold
+  supplies from that country, underscore the firmer sentiment, it
+  said.
+      However, Australia's output is estimated to rise to 90
+  tonnes this year from 73.5 tonnes in 1986.
+  
+
diff --git a/reuters/training/5326 b/reuters/training/5326
new file mode 100644
index 0000000000000000000000000000000000000000..f25b29eb8153d3269eed98efcf0a61d5e4e7f243
--- /dev/null
+++ b/reuters/training/5326
@@ -0,0 +1,5 @@
+ENDOTRONICS SEES HEAVY LOSSES IN QTR FROM WITHDRAWAL OF JAPAN DISTRIBUTOR
+
+  ENDOTRONICS SEES HEAVY LOSSES IN QTR FROM WITHDRAWAL OF JAPAN DISTRIBUTOR
+  
+
diff --git a/reuters/training/5327 b/reuters/training/5327
new file mode 100644
index 0000000000000000000000000000000000000000..ac1b985fcebb9810675faa6483ac777f35bfb4f0
--- /dev/null
+++ b/reuters/training/5327
@@ -0,0 +1,14 @@
+ALPINE GROUP INC <AGI> 3RD QTR JAN 31 NET
+  Shr profit seven cts vs loss five cts
+      Net profit 303,000 vs loss 205,000
+      Revs 16,945,000 vs 7,695,000
+      Nine mths
+      Shr profit 27 cts vs profit 19 cts
+      Net profit 1,161,000 vs profit 787,000
+      Revs 39.2 mln vs 22.8 mln
+      NOTE: Profits include gains of 130,000 dlrs, or three cts a
+  share, in quarter and 490,000 dlrs, or 11 cts a share, vs
+  52,000 dlrs, or one cent a share, in nine months from tax loss
+  carryforward
+  
+
diff --git a/reuters/training/5328 b/reuters/training/5328
new file mode 100644
index 0000000000000000000000000000000000000000..279092af52f10e5081bd798ab186af503d771cbb
--- /dev/null
+++ b/reuters/training/5328
@@ -0,0 +1,14 @@
+BSI SAYS EXPECTS ANOTHER GOOD YEAR IN 1987
+  Banca della Svizzera Italiana <BISZ.Z>
+  said it expected business to be good again this year after
+  1986's 15.2 pct increase in net profit to 42 mln Swiss francs.
+      Chief Executive Giorgio Ghiringhelli told reporters he
+  expected almost all important sectors to expand well in 1987.
+  An important exception would be its securities business, which
+  would grow more slowly.
+      Ghiringhelli also said the bank planned to convert its
+  representation in London into a subsidiary at the end of this
+  year and further expand activities at its New York subsidiary,
+  particularly in private banking.
+  
+
diff --git a/reuters/training/5329 b/reuters/training/5329
new file mode 100644
index 0000000000000000000000000000000000000000..164254403b04a5bd8d8655f62aab176a033b7ead
--- /dev/null
+++ b/reuters/training/5329
@@ -0,0 +1,5 @@
+DIAMOND SHAMROCK SETS 27 PCT PRORATION FACTOR FOR TENDERED SHARES
+
+  DIAMOND SHAMROCK SETS 27 PCT PRORATION FACTOR FOR TENDERED SHARES
+  
+
diff --git a/reuters/training/533 b/reuters/training/533
new file mode 100644
index 0000000000000000000000000000000000000000..abba1ea2d4476bee2a5d0bde213fb1486f796d69
--- /dev/null
+++ b/reuters/training/533
@@ -0,0 +1,10 @@
+NEWPORT CORP <NESP> 2ND QTR JAN 31 NET
+  Shr 11 cts vs 13 cts
+      Net 1,037,690 vs 1,270,460
+      Sales 10.1 mln vs 9,215,836
+      Six Mths
+      Shr 25 cts vs 31 cts
+      Net 2,319,376 vs 2,930,507
+      Sales 21.2 mln vs 18.9 mln
+  
+
diff --git a/reuters/training/5330 b/reuters/training/5330
new file mode 100644
index 0000000000000000000000000000000000000000..0a2db5a5e63325bf9f3cea3381a935028e3900d2
--- /dev/null
+++ b/reuters/training/5330
@@ -0,0 +1,17 @@
+BRAZILIAN BANK WORKERS DECIDE ON NATIONAL STRIKE
+  Brazilian bank workers voted
+  to launch a nationwide strike this month, compounding labour
+  unrest arising from the failure of the government's
+  anti-inflation plan.
+      At a rally in this city, about 100 km northwest of Sao
+  Paulo, about 5,000 bank workers voted to strike on March 24
+  unless their demand for 100 pct pay rises is met.
+      Wilson Gomes de Moura, president of the national
+  confederation which groups the bank employees' 152 unions
+  representing 700,000 workers, told Reuters the indefinite
+  stoppage would affect all banks.
+      The vote came as a stoppage by seamen entered its third
+  week and as 55,000 oil workers threatened action against the
+  state-owned petroleum company Petrobras.
+  
+
diff --git a/reuters/training/5331 b/reuters/training/5331
new file mode 100644
index 0000000000000000000000000000000000000000..91c6aa93a24956997a200b1bcec1594ab61ec5e7
--- /dev/null
+++ b/reuters/training/5331
@@ -0,0 +1,15 @@
+BECOR WESTERN <BCW> GETS OFFER TO BE ACQUIRED
+  Becor Western Inc said <Investment
+  Limited Partnership> of Greenwich, conn., and Randolph W. Lenz
+  are offering to acquire Becor for 15.50 dlrs per share, subject
+  to Becor's receipt of at least 110 mln dlrs from the proposed
+  sale of its Western Gear Corp subsidiary.
+      Becor said it has also received expressions of interest
+  from other parties seeking information about Becor.
+      Becor had previously agreed to sell Western Gear for at
+  least 110 mln dlrs and to be acquired by BCW Acquisition Inc
+  for 10.45 dlrs in cash and four dlrs in debentures per Becor
+  share.  BCW was formed by Becor executives and <Goldman, Sachs
+  and Co>.  Both deals are subject to shareholder approval.
+  
+
diff --git a/reuters/training/5332 b/reuters/training/5332
new file mode 100644
index 0000000000000000000000000000000000000000..906a49d298355ee12dc63453c0524a0547b76a54
--- /dev/null
+++ b/reuters/training/5332
@@ -0,0 +1,10 @@
+CLARK EQUIPMENT <CKL> STAKE ACQUIRED
+  Clark Equipment Co said it was
+  informed by Arthur M. Goldberg acting on behalf of a group of
+  investors that the group had accumulated 1,262,200 shares, or
+  about 6.7 pct of Clark's outstanding common stock.
+      It said Goldberg recently approached Clark to repurchase
+  the shares. However, negotiations for the block repurchase were
+  unsuccessful and have been terminated.
+  
+
diff --git a/reuters/training/5333 b/reuters/training/5333
new file mode 100644
index 0000000000000000000000000000000000000000..ca028fe6649b42902953ab208eb8724c80316caf
--- /dev/null
+++ b/reuters/training/5333
@@ -0,0 +1,9 @@
+HOG AND CATTLE SLAUGHTER GUESSTIMATES
+  Chicago Mercantile Exchange floor
+  traders and commission house representatives are guesstimating
+  today's hog slaughter at about 295,000 to 302,000 head versus
+  293,000 week ago and 309,000 a year ago.
+      Cattle slaughter is guesstimated at about 123,000 to
+  126,000 head versus 123,000 week ago and 121,000 a year ago.
+  
+
diff --git a/reuters/training/5334 b/reuters/training/5334
new file mode 100644
index 0000000000000000000000000000000000000000..3959a4d18acf32f80a2551e62080f26405a2ca22
--- /dev/null
+++ b/reuters/training/5334
@@ -0,0 +1,12 @@
+PATON REPORTS U.S. GREEN COFFEE ROASTINGS HIGHER
+  U.S. roastings of green coffee in the
+  week ended March 7 were about 325,000 (60-kilo) bags, including
+  that used for soluble production, compared with 290,000 bags in
+  the corresponding week of last year and about 315,000 bags in
+  the week ended February 28, George Gordon Paton and Co Inc
+  reported.
+      It said cumulative roastings for calendar 1987 now total a
+  3,295,000 bags, compared with 3,620,000 bags by this time last
+  year.
+  
+
diff --git a/reuters/training/5335 b/reuters/training/5335
new file mode 100644
index 0000000000000000000000000000000000000000..1342ca800b435a896fe9cd309fc9fd1fe4cee298
--- /dev/null
+++ b/reuters/training/5335
@@ -0,0 +1,32 @@
+AVIA STOCKHOLDERS SEEK TO BLOCK SALE TO REEBOK
+  <Avia Group International Inc> 
+  stockholders filed a class a action suit in Multnomah County
+  Circuit court seeking to halt the sale of Avia to Reebok
+  International Ltd <RBOK>.
+      Avia stockholders also seek to receive compensation from
+  the defendants, who include most of Avia directors, according
+  to court papers.
+      The suit grew out a meeting of several dozen dissatisfied
+  minority stockholders of Avia following the announcement of
+  Reebok's proposed acquisition of Avia and the sudden drop in
+  the price of Avia stock.
+      The complaint was filed on behalf of Clem Eischen, a
+  Portland-area resident, who owns 500 shares of Avia, and Robert
+  Withers, also of the Portland-area, who owns 954 shares, and
+  other individuals who held stock at the time of Reebok's
+  announcement. A jury trial has been requested.
+      "The actions of the small group that contral Avia have hurt
+  the little guy," said Eischen.
+      The stockholders, according to a statement, have organized
+  a steering committee.
+      The complaint reviews the price action of Avia stock from
+  March 1986 and noted the plaintifs who purchased stock between
+  19 dlrs and 25 dlrs per share. The price fell from 24 dlrs to
+  16.50 dlrs a share following the Reebok announcement.
+      The complaint asked the defendants be enjoined from
+  proceeding with the Reebok acquisition of Avia. It also
+  requests damages to be determined at the time of trial.
+      Avia said it had not seen the court papers and said it had
+  no comment on the suit.
+  
+
diff --git a/reuters/training/5336 b/reuters/training/5336
new file mode 100644
index 0000000000000000000000000000000000000000..d1ded2a160b7c578526f622618dc747ba700ab1d
--- /dev/null
+++ b/reuters/training/5336
@@ -0,0 +1,3 @@
+16-MAR-1987
+  16-MAR-1987
+
diff --git a/reuters/training/5338 b/reuters/training/5338
new file mode 100644
index 0000000000000000000000000000000000000000..2e5dcfcfa0ceeda5b8fabcafee4167bf26cbbbea
--- /dev/null
+++ b/reuters/training/5338
@@ -0,0 +1,30 @@
+ZAMBIA, IMF TALKS STALL ON FOOD SUBSIDIES
+  Zambia's talks with the World Bank and
+  International Monetary Fund (IMF) on a financial rescue package
+  have run into difficulties on the issue of food subsidies, an
+  official newspaper said.
+      The Times of Zambia, which is run by the ruling United
+  National Independence Party (UNIP), quoted official sources as
+  saying the IMF and World Bank had refused to continue financing
+  food subsidies and were pressing the government to explain how
+  it proposes to pay for them.
+      President Kenneth Kaunda tried to abolish maize subsidies
+  last December, in line with IMF recommendations, but the move
+  caused maize meal prices to double overnight and led to riots.
+      The subsidies were immediately restored as part of moves to
+  quell the disturbances.
+      The Times of Zambia said another major issue in the
+  government's current talks with the IMF and World Bank was the
+  remodelling of Zambia's foreign exchange auction.
+      The central bank's weekly auction of foreign exchange to
+  the private sector has been suspended since the end of January,
+  pending modifications to slow down the rate of devaluation and
+  dampen fluctuations in the exchange rate.
+      The kwacha slid to around 15 per dollar under the auction,
+  losing 85 pct of its value in 16 months, but since the end of
+  January has been revalued to a fixed rate of nine per dollar.
+      Banking sources said Zambia was persuaded by the World Bank
+  and IMF to lift its proposed ceiling of 12.50 kwacha per dollar
+  on the currency's devaluation once the auctions restart.
+  
+
diff --git a/reuters/training/5339 b/reuters/training/5339
new file mode 100644
index 0000000000000000000000000000000000000000..459a8bdf2418e84d4e4e26529d1760e919f64576
--- /dev/null
+++ b/reuters/training/5339
@@ -0,0 +1,32 @@
+DWG CORP <DWG> 3RD QTR JAN 31 NET
+  Oper shr profit 17 cts vs profit 10 cts
+      Oper net profit 5,146,000 vs profit 2,691,000
+      Revs 269.5 mln vs 274.4 mln
+      Avg shrs 20.5 mln vs 17.0 mln
+      Nine mths
+      Oper shr profit 14 cts vs loss 45 cts
+      Oper net profit 4,131,000 vs loss 7,148,000
+      Revs 802.8 mln vs 766.0 mln
+      Avg shrs 20.4 mln vs 16.9 mln
+      NOTE: Net excludes discontinued operations loss 1,667,000
+  dlrs vs profit 42,000 dlrs in quarter and loss 2,123,000 dlrs
+  vs profit 1,334,000 dlrs in nine mths.
+      Net excludes gains on insurance recovery of 54,000 dlrs vs
+  91,000 dlrs in quarter and 1,289,000 dlrs vs 218,000 dlrs in
+  nine mths.
+      Prior year net excludes 1,103,000 dlr loss from change in
+  accounting for textiles inventories.
+      Prior year results for discontinuance of apparel segment
+  and change in accounting for textile inventories.
+      Share adjusted for stock dividends.
+      Net includes pretax unrealized loss provision recoveries
+  related to marketable securities of 580,000 dlrs vs 824,000
+  dlrs in quarter and recovery 640,000 dlrs vs provision 366,000
+  dlrs in nine mths.
+      Prior nine mths net includes pretax gain on sale of
+  marketable securities of 493,000 dlrs.
+      Net includes tax credits 5,738,000 dlrs vs 494,000 dlrs in
+  quarter and credit 4,194,000 dlrs vs provision 11.2 mln dlrs in
+  nine mths.
+  
+
diff --git a/reuters/training/534 b/reuters/training/534
new file mode 100644
index 0000000000000000000000000000000000000000..d9af897586f1c4414d610d01af65e2f4b80db90b
--- /dev/null
+++ b/reuters/training/534
@@ -0,0 +1,7 @@
+KAPOK CORP <KPK> 1ST QTR DEC 31 LOSS
+  Shr loss 14 cts vs loss 21 cts
+      Net loss 353,000 vs loss 541,000
+      Revs 2,668,000 vs 2,525,000
+      Avg shrs 2,452,3000 vs 2,552,300
+  
+
diff --git a/reuters/training/5340 b/reuters/training/5340
new file mode 100644
index 0000000000000000000000000000000000000000..d2f238be1d8bfc50296332cdda30071b53bbc63e
--- /dev/null
+++ b/reuters/training/5340
@@ -0,0 +1,10 @@
+DIAMOND SHAMROCK <DIA> SETS PRORATION FACTOR
+  Diamond Shamrock Corp said it will
+  accept about 27 pct of the 73,653,000 shares of its common
+  stock tendered in response to the company's offer to pay 17
+  dlrs a share for 20 mln shares.
+      The company said it expects to mail checks representing the
+  purchase price of the 20 mln shares purchased later this week
+  and will be returning unpurchased shares shortly thereafter.
+  
+
diff --git a/reuters/training/5342 b/reuters/training/5342
new file mode 100644
index 0000000000000000000000000000000000000000..d48a4c5e780a21c51e9edff95965ec83731ef9d9
--- /dev/null
+++ b/reuters/training/5342
@@ -0,0 +1,11 @@
+<BRALORNE RESOURCES LTD> YEAR LOSS
+  Shr loss 2.70 dlrs vs loss 25 cts
+      Net loss 60.6 mln vs loss 3,122,000
+      Revs 101.0 mln vs 167.7 mln
+      Note: 1986 includes charge of 44.1 mln dlrs due to
+  writedown of oil and gas interests, writeoff of goodwill and
+  patents, provision against disposal of surplus inventory,
+  losses on disposition of operating units and writedown of
+  assets held for disposal.
+  
+
diff --git a/reuters/training/5344 b/reuters/training/5344
new file mode 100644
index 0000000000000000000000000000000000000000..f30abb547882dc937334ec58035207c6d66ee595
--- /dev/null
+++ b/reuters/training/5344
@@ -0,0 +1,5 @@
+BANK OF FRANCE LEAVES MONEY MARKET INTERVENTION RATE UNCHANGED AT 7-3/4 PCT - OFFICIAL
+
+  BANK OF FRANCE LEAVES MONEY MARKET INTERVENTION RATE UNCHANGED AT 7-3/4 PCT - OFFICIAL
+  
+
diff --git a/reuters/training/5345 b/reuters/training/5345
new file mode 100644
index 0000000000000000000000000000000000000000..76219067b761a18d347588cb10c66eefc60377d2
--- /dev/null
+++ b/reuters/training/5345
@@ -0,0 +1,63 @@
+H AND R BLOCK <HRB> SEES GAINS FROM TAX REFORM
+  With the April 15 tax return deadline
+  less than a month away, confused taxpayers will be converging
+  on H and R Block Inc's offices to interpret the new tax codes.
+      Financial results for the nation's largest tax preparer are
+  expected to be good in fiscal 1987 but next year could be a
+  "bonanza," analysts say.
+      "For the short term the key word is confusion, Block Vice
+  President Tom Bloch said in an interview. "When Congress
+  drastically changes laws, confusion results and tax preparers
+  benefit," Bloch said.
+      "Next year, when taxpayers take the new forms and place
+  them side by side to compare them, more people will throw their
+  hands up and say 'I'm going to get help,'" he said.
+  "Tax forms will look very different next year," he added.
+      Kidder Peabody analyst Herbert Buchbinder expects Block's
+  fiscal 1987 year (to end April 30) to show good gains over
+  fiscal 1986 earnings of 60.1 mln dlrs or 2.41 dlrs a share on
+  revenues of 606.7 mln dlrs. He estimates Block's fiscal 1987
+  earnings at 2.75 to 2.80 dlrs.
+      "Next year, Block could have a bonanza," Buchbinder said.
+  Based on estimates of a larger work force, Block could show a
+  gain of more than five pct in tax forms prepared, he said. In
+  the 1986 tax season, Block prepared 9,215,300 U.S. tax returns,
+  up 1.5 pct over the previous year.
+      The Internal Revenue Service estimates about 100 mln
+  individual income tax returns will be filed for the 1987 tax
+  season, up from last year's 94 mln forms. Professional tax
+  preparers accounted for just over 43 million forms, according
+  to the IRS.
+      For the longer term, while confusion will continue to bring
+  clients into Block's 8,866 tax preparation offices worldwide,
+  there are some changes in the act that will have a negative
+  effect, Bloch conceded.
+      Certain changes in filing requirements will shorten the tax
+  return, and in some cases, simplify the form, he noted. In
+  addition, some low income wage earners will be taken off the
+  tax rolls, he said.
+      Block is currently analyzing its price structure to try to
+  offset some of the negatives. Last tax season, the average cost
+  for each return in the U.S. amounted to 48.05 dlrs and 45.73
+  dlrs worldwide, Bloch said. This tax season, rates will be up
+  about three or four pct, in line with the inflation rate, he
+  said.
+      Block expects "some expansion" this tax season of its
+  electronic filing system which directly feeds into the IRS and
+  can speed up the refund process. Block can choose where and by
+  how much it wants to expand into the seven cities made
+  available for the direct filing by the IRS, Bloch noted.
+      The IRS estimates about 90,000 returns will be directly
+  filed this tax season, up from the 26,000 returns injected in
+  the 1986 tax season.
+      First Kansas City analyst Jonathan Braatz said that Block
+  will benefit greatly from lower tax rates in fiscal 1988.
+      Braatz expects Block's advertising budget to be about the
+  same as last year which will be helped a bit by lower costs for
+  television ads. "They may get a little more bang for their
+  buck," he said.
+      He estimates Block has about 150 mln dlrs cash on its
+  balance sheet sheet, and says if interest rates rise it could
+  be of great benefit to them.
+  
+
diff --git a/reuters/training/5346 b/reuters/training/5346
new file mode 100644
index 0000000000000000000000000000000000000000..44286db1bbe949f49d0e9bb3a7184b0ac18b541d
--- /dev/null
+++ b/reuters/training/5346
@@ -0,0 +1,6 @@
+AUSIMONT COMPO NV <AUS> RAISES QUARTERLY
+  Qtly div eight cts vs five cts prior
+      Pay April 24
+      Record April Three
+  
+
diff --git a/reuters/training/5349 b/reuters/training/5349
new file mode 100644
index 0000000000000000000000000000000000000000..a01039ea3184eea7b59ee8fad7e84945e34b759b
--- /dev/null
+++ b/reuters/training/5349
@@ -0,0 +1,13 @@
+ALDERSHOT AGREES TO ACQUIRE INTRACOASTAL REFINING
+  Aldershot Resources Ltd said
+  it signed an interim agreement to acquire 100 pct of the
+  outstanding shares of Intracoastal Refining Inc of Conroe,
+  Texas.
+      Aldershot will pay a certain number of shares of common
+  stock based on book value, and up to a maximum of one mln
+  shares under a formula linked to the next five years' pre-tax
+  net revenues.
+      The transaction is subject to completion of a definitive
+  agreement and to regulatory approval.
+  
+
diff --git a/reuters/training/535 b/reuters/training/535
new file mode 100644
index 0000000000000000000000000000000000000000..9333e76d3a47b5ba27e23dbe4e2a6fbe8230281f
--- /dev/null
+++ b/reuters/training/535
@@ -0,0 +1,10 @@
+PREFERRED HEALTHCARE LTD <PHCC> 4TH QTR NET
+  Shr six cts vs four cts
+      Net 383,189 vs 241,857
+      Revs 1,506,756 vs 793,459
+      12 mths
+      Shr 24 cts vs 15 cts
+      Net 1,520,797 vs 929,017
+      Revs 5,268,486 vs 2,617,995
+  
+
diff --git a/reuters/training/5350 b/reuters/training/5350
new file mode 100644
index 0000000000000000000000000000000000000000..47cdb52b5d8586726b74756c61f7b6745af7cf42
--- /dev/null
+++ b/reuters/training/5350
@@ -0,0 +1,8 @@
+DERLAN ACQUIRES 80 PCT OF AURORA INDUSTRIES
+  <Derlan Industries Ltd> said it
+  acquired 80 pct of Aurora Industries Inc of Montgomery,
+  Illinois for an undisclosed price.
+      Closing is subject to completion of legal formalities,
+  Derlan said.
+  
+
diff --git a/reuters/training/5351 b/reuters/training/5351
new file mode 100644
index 0000000000000000000000000000000000000000..dd3de25aa6f9825a094e5a65f8d085454ecb49e9
--- /dev/null
+++ b/reuters/training/5351
@@ -0,0 +1,11 @@
+MARION LABS <MKC> VOTES SPLIT, DIVIDEND HIKE
+  Marion Laboratories Inc said
+  its board declared a two-for-one common stock split in the form
+  of a dividend, with distribution April 21, record March 25.
+      The board also said it intends to increase the regular
+  quarterly dividend by 43 pct, to five cts a share, reflecting
+  the split. It said the increase will be declared at the May
+  1987 board meeting and reflected in regular payments beginning
+  in July 1987.
+  
+
diff --git a/reuters/training/5352 b/reuters/training/5352
new file mode 100644
index 0000000000000000000000000000000000000000..0ff338f85bde9d85672815cfa65fdd49e444b170
--- /dev/null
+++ b/reuters/training/5352
@@ -0,0 +1,31 @@
+DART SEEKS SUPERMARKETS <SGL> NEGOTIATIONS
+  <Dart Group Inc> said it is
+  preparted to negotiate all terms of its proposed acquisition of
+  Supermarkets General Corp.
+      Early this month, Dart made an unsolicited offer of 41.75
+  dlrs a share in cash for Supermarkets General's stock.
+      Releasing a letter sent friday to Supermarkets General,
+  Dart said "we believe that an agreement can be reached which
+  will be in the best interests of Supermarkets General, its
+  stockholders, management, employees and customers.
+      "To that end, we are prepared to negotiate all terms of an
+  acquisition agreement," Dart said.
+      Dart said it urges a meeting with Supermarkets General
+  officials be held promptly.
+      The letter pointed out the company has not heard from
+  Supermarkets General since making the offer "other than on this
+  past Monday when we were informed that our offer would be
+  seriously considered and that you would get back to us on a
+  timely basis to arrange a meeting."
+      Dart said it has "acted openly and amicably" in an effort
+  to facilitate its proposed acquisition, adding it has not
+  purchased additional Supermarkets General stock since prior to
+  submission of its offer.
+      Dart said it continues to be interested in acquiring
+  Supermarkets General in a friendly manner, noting it has given
+  the company "the tune that you suggested in order to allow you
+  to evaluate the available options."
+      Dart now owns 1.9 mln Supermarkets General shares, slightly
+  less than five pct of those outstanding.
+  
+
diff --git a/reuters/training/5354 b/reuters/training/5354
new file mode 100644
index 0000000000000000000000000000000000000000..2f3b0240e2f201bb07916cbea56fccb9ac1b58fd
--- /dev/null
+++ b/reuters/training/5354
@@ -0,0 +1,12 @@
+DECORATOR INDUSTRIES INC <DII> 4TH QTR NET
+  Ended Jan three
+      Shr profit five cts vs NA
+      Net profit 58,088 vs loss 279,718
+      Revs 6,310,841 vs 5,468,893
+      Year
+      Shr profit 12 cts vs loss 74 cts
+      Net profit 126,321 vs loss 773,090
+      Revs 23.1 mln vs 19.1 mln
+      NOTE: Loss per share not given for quarter.
+  
+
diff --git a/reuters/training/5355 b/reuters/training/5355
new file mode 100644
index 0000000000000000000000000000000000000000..afe2a9db11be03a780931a712760d7f96ca48c21
--- /dev/null
+++ b/reuters/training/5355
@@ -0,0 +1,7 @@
+MCCORMICK AND CO INC <MCCRK> 1ST QTR NET
+  Qtr ends Feb 28
+      Shr 37 cts vs 35 cts
+      Net 4,346,000 vs 4,202,000
+      Revs 232,006,000 vs 223,151,000
+  
+
diff --git a/reuters/training/5356 b/reuters/training/5356
new file mode 100644
index 0000000000000000000000000000000000000000..f8a757a261f6508aab95e74184e8bf71f95023e7
--- /dev/null
+++ b/reuters/training/5356
@@ -0,0 +1,13 @@
+VALUE LINE INC <VALU> 3RD QTR JAN 31
+  Shr 52 cts vs 25 cts
+      Net 5,154,000 vs 2,496,000
+      Revs 17.7 mln vs 14.4 mln
+      Nine months
+      Shr 1.16 dlrs vs 70 cts
+      Net 11.5 mln seven mln
+      Revs 50.3 mln vs 41.2 mln
+      NOTE: 1987 periods include pretax investment income
+  of 2.9 mln dlrs in capital gains distributions from mutual fund
+  investment.
+  
+
diff --git a/reuters/training/5357 b/reuters/training/5357
new file mode 100644
index 0000000000000000000000000000000000000000..01488be9624fcd29d8b7f810a6bfdb1771638ab9
--- /dev/null
+++ b/reuters/training/5357
@@ -0,0 +1,10 @@
+THERMO ELECTRON <TMO> CONSIDERS UNIT STAKE SALE
+  Thermo Electron Corp said it has
+  entered into talks with underwriters on the possible public
+  sale of a minority interest in its packaged cogeneration
+  systems subsidiary, Tecogen Inc.
+      The company also said it plans to offer convertible
+  subordinated debentures publicly.
+      It gave no further details.
+  
+
diff --git a/reuters/training/5358 b/reuters/training/5358
new file mode 100644
index 0000000000000000000000000000000000000000..d10a9c9c240e7b22c83f6c146f40cd427da920dc
--- /dev/null
+++ b/reuters/training/5358
@@ -0,0 +1,7 @@
+HONGKONG BANK OF CANADA 1ST QTR JAN 31 NET
+  Net 3.1 mln vs not given
+      Note: results not comparable with last year due to November
+  1986 acquisition of Bank of British Columbia.
+      Subsidiary of <Hongkong and Shanghai Banking Corp>
+  
+
diff --git a/reuters/training/5359 b/reuters/training/5359
new file mode 100644
index 0000000000000000000000000000000000000000..e14a7a9bdb1bfcb201962ee4a030c9da2b6e6c95
--- /dev/null
+++ b/reuters/training/5359
@@ -0,0 +1,20 @@
+SALANT CORP <QSLT> 4TH QTR NOV 29 NET
+  Oper shr profit 45 cts vs profit 56 cts
+      Oper net profit 1,492,000 vs profit
+      1,842,000
+      Sales 36.5 mln vs 38.5 mln
+      Year
+      Oper shr profit 48 cts vs loss 2.44 dlrs
+      Oper net profit 1,596,000 vs loss 8,084,000
+      Sales 131.1 mln vs 144.5 mln
+      NOTE: 1986 year net includes pretax provision for loss on
+  sale of subsidiary of 1,600,000 dlrs.
+      1985 year net includes pretax loss 6,600,000 dlrs from
+  plant closing provision.
+      1986 net excludes tax credits of 1,295,000 dlrs in quarter
+  and 2,712,000 dlrs in year.
+      1986 net both periods excludes charge 9,400,000 dlrs for
+  estimated settlement and expenses connected with Chapter 11
+  bankruptcy.
+  
+
diff --git a/reuters/training/536 b/reuters/training/536
new file mode 100644
index 0000000000000000000000000000000000000000..9169818eb789cfed3ad8b00568837e097f54cce1
--- /dev/null
+++ b/reuters/training/536
@@ -0,0 +1,6 @@
+TRANZONIC COS <TNZ> SETS QUARTERLY
+  Qtly div 11 cts vs 11 cts prior
+      Pay April 17
+      Record March 20
+  
+
diff --git a/reuters/training/5360 b/reuters/training/5360
new file mode 100644
index 0000000000000000000000000000000000000000..3ff467fefe3a80e4bc5a999b0b1fb2eacaa8a199
--- /dev/null
+++ b/reuters/training/5360
@@ -0,0 +1,8 @@
+U.K. MONEY MARKET GIVEN 550 MLN STG LATE HELP
+  The Bank of England said it provided the
+  money market with late assistance of around 550 mln stg.
+      This takes the Bank's total help today to some 1.12 billion
+  stg and compares with its estimated deficit of around 1.10
+  billion.
+  
+
diff --git a/reuters/training/5362 b/reuters/training/5362
new file mode 100644
index 0000000000000000000000000000000000000000..d1ded2a160b7c578526f622618dc747ba700ab1d
--- /dev/null
+++ b/reuters/training/5362
@@ -0,0 +1,3 @@
+16-MAR-1987
+  16-MAR-1987
+
diff --git a/reuters/training/5363 b/reuters/training/5363
new file mode 100644
index 0000000000000000000000000000000000000000..f18891ee7d1f4864a4c2adeee447251b8f87bb81
--- /dev/null
+++ b/reuters/training/5363
@@ -0,0 +1,17 @@
+LYNG SAYS TOO LATE FOR CROP DECOUPLING THIS YEAR
+  U.S. Agriculture Secretary Richard
+  Lyng said it is too late to implement a full 0/92 acreage
+  provision, or "decoupling," for 1987 grain crops.
+      "I think there's a chance we'll see that legislation (0/92)
+  passed, (but) not for 1987 crops. It's too late," Lyng told the
+  National Grain and Feed Association convention here.
+      Lyng added that there seems some support in Congress for
+  0/92 and there was a good chance a pilot 0/92 program will be
+  passed as part of a pending disaster bill.
+      But he indicated that it is already too late in the year to
+  alter the 1987 crop program. Sign-up for spring crops closes
+  the end of this month.
+      Overall, Lyng predicted very little change will be
+  legislated in the 1985 farm bill this year.
+  
+
diff --git a/reuters/training/5366 b/reuters/training/5366
new file mode 100644
index 0000000000000000000000000000000000000000..b0abf9d13ddcd48e981902bc3bee427dac0237d4
--- /dev/null
+++ b/reuters/training/5366
@@ -0,0 +1,30 @@
+SALANT <QSLT> FILES REORGANIZATION PLAN
+  Salant Corp said it and its Thomson Co
+  Inc and Obion Co Inc subsidiaries have filed a joint
+  reorganization plan with the U.S. Bankruptcy Court and expect
+  to emerge from Chapter 11 bankruptcy in the near future.
+      The company said a hearing on the adequacy of the
+  associated disclosure plan is scheduled for April Nine and
+  completion of the plan is subject to approval by creditors,
+  equity security holders and the bankruptcy court.
+      Salant said it has reached agreement for Ray W. williams to
+  continue as president and chief executive officer for five
+  years from the effective date of the reorganization plan and
+  has substantially concluded talks for a new 15 mln dlr
+  unsecured credit, effective the same date.
+      The company said the committee of its unsecured creditgors
+  and the committee of its equity security holders have approved
+  the terms of the plan.  As previously announced, creditors will
+  receive 450 mln dlrs in cash, 500 dlrs of 13-1/4 pct senior
+  subordinated debentures and four common shares for each 1,000
+  dlrsd of allowed unsecured claims.
+      Salant today reported earnings for the year ended November
+  29 of 1,596,000 dlrs, after a 1,600,000 dlr pretax provision
+  for loss on the sale of a subsidiary but before a 9,400,000 dlr
+  post-tax charge attributable to costs and expenses of Chapter
+  11 and the settlement of pre-Chapter 11 claims, as well as a
+  2,712,000 dlr tax credit.
+      A year before, it lost 8,084,000 dlrs after a 6,600,000 dlr
+  pretax provision for plant closings.
+  
+
diff --git a/reuters/training/5367 b/reuters/training/5367
new file mode 100644
index 0000000000000000000000000000000000000000..9470a5c9ce052640324689abd963d8f6ba65fe69
--- /dev/null
+++ b/reuters/training/5367
@@ -0,0 +1,10 @@
+ANALOGIC CORP <ALOG> 2ND QTR JAN 31 NET
+  Shr 11 cts vs 13 cts
+      Net 1,965,577 vs 2,474,357
+      Revs 38.3 mln vs 34.7 mln
+      1st half
+      Shr 61 cts vs 22 cts
+      Net 11.3 mln vs 4,132,129
+      Revs 84.4 mln vs 66.2 mln
+  
+
diff --git a/reuters/training/5371 b/reuters/training/5371
new file mode 100644
index 0000000000000000000000000000000000000000..70ee38e3c69aacedfab3f0e24b275e06ed7604b8
--- /dev/null
+++ b/reuters/training/5371
@@ -0,0 +1,25 @@
+WEST GERMAN EXPORTS TO U.S. DROP SHARPLY
+  West German exports to the United
+  States fell below four billion marks worth in January for the
+  first time since mid-1984, provisional Bundesbank data showed.
+      The figures showed exports were 3.85 billion marks in
+  January, sharply down from December's 4.40 billion and the
+  lowest since the 3.56 billion exported to the U.S. In July
+  1984. This compared with 4.86 billion marks in January 1986.
+      Total West German exports to Western industrialised
+  countries also fell in January to 34.76 billion marks from
+  December's 36.45 billion, also posting the lowest monthly total
+  since July 1984.
+      West German exports to the European Community were 21.60
+  billion marks in January, down from 22.14 billion in December
+  and 22.94 billion in January last year, the figures showed.
+      Exports to developing nations and centrally-planned
+  economies also slackened.
+      Separately, Commerzbank AG said in a report that the focus
+  of West German exports this year was likely to shift to Europe
+  because of an expected downturn in growth in the dollar area.
+      This was one of the strengths of West German exports
+  compared with Japan, which depended in large part on the U.S.,
+  OPEC and developing country markets, it added.
+  
+
diff --git a/reuters/training/5373 b/reuters/training/5373
new file mode 100644
index 0000000000000000000000000000000000000000..cfe9111309371fb471dafe4ee210ffe5169e39e7
--- /dev/null
+++ b/reuters/training/5373
@@ -0,0 +1,5 @@
+TEXAS AIR TO GIVE FORMER CONTINENTAL AIR HOLDERS ANOTHER 3.75 DLRS A SHARE
+
+  TEXAS AIR TO GIVE FORMER CONTINENTAL AIR HOLDERS ANOTHER 3.75 DLRS A SHARE
+  
+
diff --git a/reuters/training/5375 b/reuters/training/5375
new file mode 100644
index 0000000000000000000000000000000000000000..6f82116e29f5d52930478c5976ca721810a3f774
--- /dev/null
+++ b/reuters/training/5375
@@ -0,0 +1,5 @@
+ French February inflation between 0.1 and 0.2 pct vs 0.9 pct in january - official
+
+   French February inflation between 0.1 and 0.2 pct vs 0.9 pct in january - official
+  
+
diff --git a/reuters/training/5376 b/reuters/training/5376
new file mode 100644
index 0000000000000000000000000000000000000000..9ff4ea0b011bb357ac3017818cfb789a4cb872e3
--- /dev/null
+++ b/reuters/training/5376
@@ -0,0 +1,94 @@
+TRADE INTERESTS READY FOR FIGHT IN U.S. CONGRESS
+  U.S. lawmakers are gearing up for a
+  showdown between protectionists and free traders as a major
+  trade bill winds its way through committees to a vote by the
+  full House of Representatives in late April.
+      In a move to toughen U.S. enforcement of trade laws, a key
+  House subcommittee last week approved a toned down version of
+  legislation to require President Reagan to retaliate against
+  foreign countries that follow unfair trade practices.
+      This bill will be the cornerstone of congressional efforts
+  to restore competitiveness of American industries and turn
+  around last year's record 169 billion dlrs trade deficit.
+      Several lawmakers have argued the new trade bill made too
+  many concessions to Reagan and said they intend to back
+  amendments to "get tough" with countries that violate trade
+  agreements or keep out U.S. products.
+       On the other hand, congressmen known for their allegiance
+  to free trade, said the bill ties Reagan's hands too much in
+  trade disputes and they will seek to restore his negotiating
+  powers.
+      Republican Bill Frenzel of Michigan said the subcommittee's
+  bill was not one "that a free trader like me could endorse in
+  all respects," but he emphasized there was a consensus among
+  trade lawmakers to work toward a bill Reagan and Republicans
+  would ultimately endorse.
+      Frenzel said the goal of trade legislation was, "to make our
+  trade policy stronger without violating our international trade
+  agreements. You'll find a lot of people who think we have not
+  done the former enough. You'll find poeple who think we haven't
+  avoided violating agreements."
+      In a key concession made at the urging of the powerful
+  chairman of the House Ways and Means Committee, the trade
+  subcommittee backed off a requirement that would have forced
+  Reagan to automatically impose quotas or tariffs on imports
+  from countries that engage in unfair trade practices.
+      It also agreed he may waive any retaliation if it would
+  hurt the U.S. economy.
+      Ways and Means chairman Dan Rostenkowski, an Illinois
+  Democrat, insisted the more moderate approach was necessary if
+  the House wanted to pass a bill Reagan would sign into law.
+      Reagan last year had blocked Senate consideration of a
+  tough House trade bill he branded as protectionist and this
+  year only reluctantly agreed to support a trade bill when he
+  saw Democratic leaders were determined to pass a bill.
+      As an indication of his success, White House spokesman
+  Marlin Fitzwater told reporters Friday the administration still
+  did not like some provisions. But he added, "Generally we feel
+  very good about the bipartisan consideration of the trade
+  legislation. I think we are progressing very well."
+      The first battle will take place next week when the full
+  House Ways and Means Committee considers an amendment by Rep.
+  Richard Gephardt, a Missouri Democrat, to force countries such
+  as Japan, South Korea and Taiwan to cut their trade surpluses
+  with the United States.
+      The subcommittee limited the Gephardt plan to provide only
+  that the existence of a large trade surplus with the United
+  States will trigger an investigation of unfair trade practices,
+  but would not automatically set off retaliation.
+      Rep. Phil Crane, an Illinois Republican and staunch free
+  trader, said he will try to further weaken the Gephardt plan.
+      Organized labor has pressed lawmakers for more relief from
+  imports where jobs have been lost to foreign competition.
+  AFL-CIO president Lane Kirkland this year angered the
+  administration in a statement that any trade bill Reagan would
+  sign would not be worth passage in Congress.
+      But Rostenkowski set the tone of the trade debate in a
+  statement, "I'm not trying to write legislation to please Lane
+  Kirkland. I'm trying to write legislation that will be signed
+  by the president."
+      In writing the bill, the subcommittee rejected calls for
+  trade relief for specific industries such as textiles.
+      Rep. Ed Jenkins, a Democrat from Georgia, agreed to hold
+  off his fight. He intends to push separately a bill to protect
+  the domestic textile and shoe industry, an aide said. Reagan
+  vetoed a similar measure last year.
+      House Speaker Jim Wright, a Texas Democrat, is one of the
+  most influential proponents of aid for specific industries
+  beset by low priced foreign competition.
+      Wright Thursday renewed his call for import relief for the
+  domestic oil industry and announced his support for a Senate
+  plan to trigger a temporary oil import tariff when imports
+  reach half of domestic consumption.
+      For the most part, the trade bill's provisions toughen U.S.
+  enforcement of trade laws. The bill forces the administration
+  to act rapidly on complaints of unfair trade practices such as
+  dumping products in the United States at prices below the cost
+  of production.
+      It also forces the administration to act rapidly when an
+  industry complains that a surge in imports threatens its
+  existence. Congressmen said the change would have required the
+  U.S. International Trade Commission to impose limits on car
+  imports in 1981.
+  
+
diff --git a/reuters/training/5377 b/reuters/training/5377
new file mode 100644
index 0000000000000000000000000000000000000000..66d5dd5ce822ef7a2fae5f29ae92da66ea9857b9
--- /dev/null
+++ b/reuters/training/5377
@@ -0,0 +1,40 @@
+ENDOTRONICS <ENDO> EXPECTS LOSS FOR YEAR
+  Endotronics Inc said it expects to
+  incur "substantial losses" for the second quarter ending March
+  31 and fiscal year ending Sept 30, 1987.
+      As one factor behind the anticipated loss, Endotronics
+  cited a dispute by one of its Japanese distributors, <Yamaha
+  Inc>, over payment of a 3,686,000 dlr promissory note.
+      In a Form 8-K filing with the Securities and Exchange
+  Commission, Endotronics said the note was for overdue accounts
+  receivable from sales of instruments to Yamaha and another
+  Japanese distributor during the company's 1986 fiscal year.
+      Endotronics said at its present reduced level of operations
+  it will exhaust all currently available cash and credit
+  facilities in early May 1987. It said this assumes full use of
+  the remaining 1,250,000 dlrs available under a line of credit
+  from Celanese Corp, which requires approval of Celanese Corp
+  <CZ>.
+      The company said its ability to obtain funding was
+  adversely affected by a suit filed March 4 by two of its
+  shareholders seeking to represent a class of holders against
+  three officers of Endotronics.
+      Endotronics said the complaint against it alleges
+  violations of the federal securities laws in connection with
+  statements made in the company's annual and quarterly reports.
+      The company also said the Securities Division of the
+  Minnesota Department of Commerce is conducting an inquiry into
+  the company's Japanese sales for fiscal 1986 and trading by
+  insiders and brokers in the company's common shares.
+      It said similar inquiries are being conducted by the
+  Securities and Exchange Commission. The investigations will
+  hurt the company's ability to obtain funding, it said.
+      As a result of the dispute over payment of the promissory
+  note, the law suit challenging its financial data and the
+  various investigations concerning insider trading, the company
+  said it no longer expects that anticipated declines in
+  instrument sales in Japan in fiscal 1987 will be offset by
+  increased instrument sales in other foreign countries and the
+  United States.
+  
+
diff --git a/reuters/training/5378 b/reuters/training/5378
new file mode 100644
index 0000000000000000000000000000000000000000..7b8b56fc526f701b09f08690bced34fdd69dcb35
--- /dev/null
+++ b/reuters/training/5378
@@ -0,0 +1,5 @@
+ French February year on year inflation 3.4 pct vs three pct January - official
+
+   French February year on year inflation 3.4 pct vs three pct January - official
+  
+
diff --git a/reuters/training/5379 b/reuters/training/5379
new file mode 100644
index 0000000000000000000000000000000000000000..5e9d846811e62b6866f9119adb89ae6d66ec482c
--- /dev/null
+++ b/reuters/training/5379
@@ -0,0 +1,20 @@
+CONTINENTAL AIR HOLDERS TO GET FURTHER PAYMENT
+  Texas Air Corp said under a settlement
+  of class action litigation with <Mutual Shares Corp>, former
+  minority shareholders of Continental Airlines Inc will receive
+  an additional 3.75 dlrs per share.
+      In February, Texas Air acquired the minority interest in
+  Continental that it did not already own for 16.50 dlrs per
+  share. Mutual had challenged the adequacy of the price.
+      Texas Air said any former Continental holder who has sought
+  appraisal rights under Delaware law may continue to seek the
+  appraisal remedy in Delaware Chancery Court or accept the
+  settlement and drop the appraisal process.
+      Texas Air said the settlement has other terms relating to
+  employee shareholdrs of Continental, who will receive options
+  from Texas Air.  It did not give details.
+      The company said the settlement is subject to approval by
+  the Delaware Chancery Court, which is expected to take about 60
+  days.
+  
+
diff --git a/reuters/training/538 b/reuters/training/538
new file mode 100644
index 0000000000000000000000000000000000000000..353c5e61204f5fdba97217e94b0bf1d765f2cf20
--- /dev/null
+++ b/reuters/training/538
@@ -0,0 +1,15 @@
+CRONUS INDUSTRIES INC <CRNS> 4TH QTR LOSS
+  Oper Shr loss 40 cts vs loss 10 cts
+      Oper net loss 2,136,000 vs loss 467,000
+      Revs 21.9 mln vs 12.9 mln
+      12 mths
+      Oper shr loss 63 cts vs loss 30 cts
+      Oper net loss 3,499,000 vs loss 1,756,000
+      Revs 82.0 mln vs 54.5 mln
+      NOTE: Excludes income from discontinued operations of
+  1,478,000 vs 952,000 for qtr, and 31.2 mln vs 6,500,000 for
+  year.
+      Excludes extraordinary charge of 2,503,000 for current qtr,
+  and 4,744,000 for year.
+  
+
diff --git a/reuters/training/5382 b/reuters/training/5382
new file mode 100644
index 0000000000000000000000000000000000000000..6c7dce51e1c86846610aa3acb988bf6f2f54d55f
--- /dev/null
+++ b/reuters/training/5382
@@ -0,0 +1,44 @@
+COCOA CONSUMERS NARROW GAP ON BUFFER STOCK ISSUE
+  Representatives of cocoa consuming
+  countries at an International Cocoa Organization, ICCO, council
+  meeting here have edged closer to a unified stance on buffer
+  stock rules, delegates said.
+      While consumers do not yet have a common position, an
+  observer said after a consumer meeting, "They are much more
+  fluid ... and the tone is positive."
+      European Community consumers were split on the question of
+  how the cocoa buffer stock should be operated when the ICCO met
+  in January to put the new International Cocoa Agreement into
+  effect, delegates said.
+      At the January meeting, France sided with producers on how
+  the buffer stock should operate, delegates said. That meeting
+  ended without agreement on new buffer stock rules.
+      The EC Commission met in Brussels on Friday to see whether
+  the 12 EC cocoa consuming nations could narrow their
+  differences at this month's meeting.
+      The Commissioners came away from the Friday meeting with an
+  informal agreement to respond to signs of flexibility among
+  producers on the key buffer stock issues, delegates said.
+      The key issues to be addressed at this council session
+  which divide ICCO members are whether non-member cocoa should
+  be eligible for buffer stock purchases and what price
+  differentials the buffer stock should pay for different types
+  of cocoa, delegates said.
+      A consumer delegate said producers and consumers should be
+  able to compromise on the non-member cocoa question.
+      A working group comprising delegates from all producing and
+  consuming member countries met briefly this morning, then broke
+  up into a producer meeting and an EC meeting, followed by a
+  consumer meeting.
+      Producers, who are in favour of the buffer stock buying a
+  variety of grades of cocoa and oppose non-member cocoa being
+  accepted, reviewed their position ahead of the working group
+  meeting this afternoon.
+      "We are waiting to see what consumers say," a producer
+  delegate said. "We hope they will be flexible or it will be
+  difficult to negotiate."
+      The ICCO comprises 33 member countries. Non-
+  members include the U.S., a consumer, and Malaysia, an
+  increasingly important producer.
+  
+
diff --git a/reuters/training/5383 b/reuters/training/5383
new file mode 100644
index 0000000000000000000000000000000000000000..7ff8f43709a903a5f8b512c27078c966a8d017cc
--- /dev/null
+++ b/reuters/training/5383
@@ -0,0 +1,15 @@
+CCC ACCEPTS WHEAT BID FOR W AFRICA COUNTRIES
+  The Commodity Credit Corportion,
+  CCC, has accepted a bid for an export bonus to cover the sale
+  of 15,000 tonnes of U.S. wheat to West African countries, the
+  U.S. Agriculture Department said.
+      The dark northern spring wheat is for shipment May 15-June
+  15, 1987.
+      The bonus of 40.05 dlrs per tonne was made to Peavey
+  Company and will be paid in the form of commodities from the
+  CCC inventory, it said.
+      An additional 315,500 tonnes of wheat are still available
+  to West African countries under the Export Enhancement Program
+  initiative announced October 30, 1986, it said.
+  
+
diff --git a/reuters/training/5385 b/reuters/training/5385
new file mode 100644
index 0000000000000000000000000000000000000000..644f9aeff24ad622939a3fa6abd66d38d819d955
--- /dev/null
+++ b/reuters/training/5385
@@ -0,0 +1,13 @@
+LOWRANCE ELECTRONICS <LEIX> SEES ORDERS OFF
+  Lowrance Electronics Inc said
+  results from operations in the third and fourth quarter may not
+  be comparable to the first and second quarters, which were
+  strong because of orders for new sonar equipment.
+      For the six months ended Jan 31, the company reported net
+  income almost tripled to 951,000 dlrs or 34 cts a share as
+  sales rose 38 pct to 20.6 mln dlrs.
+      The company, which went public Dec 23, also said it expects
+  to be able to fill back orders from the first two quarters
+  because of improved supply of computer chip components.
+  
+
diff --git a/reuters/training/5388 b/reuters/training/5388
new file mode 100644
index 0000000000000000000000000000000000000000..246179c570d99e3f9caa996da30a5c8ac78e29cf
--- /dev/null
+++ b/reuters/training/5388
@@ -0,0 +1,13 @@
+CANADA MANUFACTURING UTILIZATION RATE RISES
+  Utilization of Canadian manufacturing
+  capacity rose to 77.2 pct in the fourth quarter of 1986 from 77
+  pct in the third quarter, Statistics Canada said.
+      "Although the change was small, this marked the first
+  quarter since the third quarter of 1985 in which the
+  utilization rates for manufacturing as a whole rose," the
+  federal agency said.
+      Increased residential construction led to strong increases
+  in the building materials sector, led by a 3.3 pct increase in
+  non-metallic mineral industries.
+  
+
diff --git a/reuters/training/5389 b/reuters/training/5389
new file mode 100644
index 0000000000000000000000000000000000000000..aae09bd06190ede333b402ebef2c9d29912560c0
--- /dev/null
+++ b/reuters/training/5389
@@ -0,0 +1,15 @@
+FRENCH INFLATION SLOWS IN FEBRUARY
+  French inflation slowed in February to
+  between 0.1 and 0.2 pct against 0.9 pct in January, the
+  National Statistics Institute (INSEE) said.
+      The retail price index showed a year-on-year rise of 3.4
+  pct against three pct in January. An INSEE official said the
+  final figure for February would be released later this month.
+      After January's rise the government was forced to revise
+  its inflation target for 1987 to 2.5 pct year on year from an
+  initial target of two pct, after 2.1 pct in 1986.
+      Finance Minister Edouard Balladur said half the January
+  rise was due to higher oil prices and forecast a February
+  slowing.
+  
+
diff --git a/reuters/training/539 b/reuters/training/539
new file mode 100644
index 0000000000000000000000000000000000000000..7412167810d2db375f562888d45a2b23282776d4
--- /dev/null
+++ b/reuters/training/539
@@ -0,0 +1,6 @@
+MERCURY ENTERTAINMENT CORP <MCRY> YEAR NOV 30
+  Shr loss four cts vs loss one ct
+      Net loss 413,021 vs loss 163,932
+      Revs 600,971 vs 665,800
+  
+
diff --git a/reuters/training/5390 b/reuters/training/5390
new file mode 100644
index 0000000000000000000000000000000000000000..d2a9a2edf9108e9c034e5bfb13d8c1b636470753
--- /dev/null
+++ b/reuters/training/5390
@@ -0,0 +1,22 @@
+CAPITOL BANCORP <CAPB> TO RESTATE NET TO LOSS
+  Capitol Bancorp said it expects to
+  restate its results for 1986 to a loss of about one mln dlrs
+  due to a reclassification of loans recommended by auditor Ernst
+  and Whinney.
+      The company said the restatement also reflects a
+  substantial increase in reserves of its principal subsidiary,
+  Capitol Bank and Trust Co.
+      It said it expects to earn 2,250,000 to 2,750,000 dlrs for
+  the first quarter of 1987.
+      Capitol said to maintain an adequate capital ratio it will
+  seek additional equity capital in the near future.
+      It also said it has delayed its annual meeting until May
+  due to the restatement of annual earnings.
+      Capitol said its board raised the quarterly dividend to 23
+  cts from 22 cts a share, payable April 28, record MArch 31.
+      The company originally reported 1986 earnings of 7,700,000
+  dlrs.  It earned 3,848,000 dlrs in last year's first quarter.
+      The annual meeting had been scheduled for the second week
+  of April.
+  
+
diff --git a/reuters/training/5391 b/reuters/training/5391
new file mode 100644
index 0000000000000000000000000000000000000000..00d29d360ac7bbe42c2f6aa4f07aa29875c4fd7a
--- /dev/null
+++ b/reuters/training/5391
@@ -0,0 +1,44 @@
+U.S. SOY PRODUCERS THINK EC OILS TAX UNLIKELY
+  American soybean producers are
+  confident the proposed European Community (EC) tax on vegetable
+  oils and fats will be rejected but are leaving nothing to
+  chance, American Soybean Association (ASA) president-elect
+  Wayne Bennett said.
+      Bennett, who is leading one of three soybean producer
+  delegations on a lobbying tour of EC capitals, was speaking at
+  a lunch.
+      After meetings at the Economics and Foreign ministries this
+  morning, he said the Dutch Government had indicated it would
+  vote against the proposal, as had a number of other countries.
+      "Our information suggests we will have the required number
+  of votes in Brussels to prevent the tax proposal going forward,"
+  he said.
+      "The proposal has been talked of in Brussels for the past 20
+  years, and dropped every time. What we want now is to kill it
+  once and for all," Bennett added.
+      Backing up the soybean producers' active lobbying, the U.S.
+  Government has also indicated it will be prepared to retaliate
+  with penal import taxes if the proposal does get through, he
+  said.
+      The U.S. Government also feels it has a good case to fight
+  the proposed tax in the General Agreement on Tariffs and Trade
+  (GATT), a U.S. Embassy spokesman said.
+      U.S. Exports of soybeans and products to the EC account for
+  one-fifth of annual production, and are worth about 2.5 billion
+  dlrs a year, Bennett said.
+      The proposed tax on oils and fats would hit U.S. Producers
+  badly while at the same time virtually doubling the price of
+  soyoil in the EC, which would suffer far worse than other
+  higher-priced oils because of the nature of the proposed tax,
+  he added.
+      The revenue to the EC from the tax would simply be used to
+  finance the EC's own oilseed subsidy machine, he said.
+      "We in the ASA are dedicated free-traders. We helped defeat
+  the Wine Equity Act two years ago, but we will not stand by and
+  watch our own farmers suffer from such protectionist EC
+  measures," Bennett said.
+      "The mood in the U.S. Is turning increasingly protectionist,
+  and the EC's actions are fueling the chances of a trade war,"
+  he added.
+  
+
diff --git a/reuters/training/5392 b/reuters/training/5392
new file mode 100644
index 0000000000000000000000000000000000000000..802ea6690de4a0157a6e9fab91ff3c1f0b881e1b
--- /dev/null
+++ b/reuters/training/5392
@@ -0,0 +1,26 @@
+SWEDISH UNEMPLOYMENT DOWN AS DATA IS REVISED
+  A new method of calculating Sweden's
+  unemployment figures reduced the number of jobless by a sixth,
+  a spokesman for the Central Bureau of Statistics (SCB) said,
+  reporting a substantial drop in the past year.
+      According to the revised data there were 94,000 jobless in
+  February representing 2.2 pct of the workforce against 120,000
+  or 2.8 pct of the workforce in February 1986.
+      SCB official Olle Wessberg said the new figures were based
+  on a more extensive survey of the unemployed which brought
+  Sweden into line with the practises recommended by the
+  Geneva-based International Labour Organisation.
+      Wessberg said the new method cut the number of unemployed
+  by about 16 pct. "The way we are now collecting data is far more
+  accurate and we are asking many more questions to find out
+  whether the jobless want work, whether they are able to work
+  and whether they have actually looked for work," he told
+  Reuters.
+      The new method was first used for the January figures,
+  which showed unemployment dropping to 2.1 pct of the workforce
+  from 2.7 pct (old style) in December, but Wessberg said the
+  change had apparently not been noticed by the press.
+      Recalculated according to the new method, unemployment in
+  February 1986 would have stood at 2.2 pct, the SCB said.
+  
+
diff --git a/reuters/training/5394 b/reuters/training/5394
new file mode 100644
index 0000000000000000000000000000000000000000..33876e1cc847ba05f249cabc307f102b7dfef635
--- /dev/null
+++ b/reuters/training/5394
@@ -0,0 +1,57 @@
+ECONOMIC SPOTLIGHT - EMS MARKS EIGHTH BIRTHDAY
+  The European Monetary System marks its
+  eighth anniversary still vulnerable to turmoil in world money
+  markets despite creating an island of currency rate stability
+  in Europe, economists say. But many economists say the system,
+  which holds eight European Community currencies within narrow
+  fluctuation bands, remains in its infancy.
+      Its new currency, the European Currency Unit (Ecu), has
+  been a runaway success with investors and borrowers alike
+  seeking an alternative to the volatile dollar.
+      And on Wednesday, the long term vision of the Ecu as
+  Europe's common currency took a step nearer to becoming reality
+  when Belgium minted the world's first Ecu coin.
+      But economists say members such as West Germany have so far
+  blocked a second stage of development envisaged by the system's
+  founding fathers, ex-West German Chancellor Helmut Schmidt and
+  former French President Valery Giscard d'Estaing.
+      Under this phase, originally due to have started two years
+  after the EMS was set up, decision-making was to have been
+  transferred from national governments and central banks to an
+  autonomous European Monetary Fund.
+      But members have jealously guarded their sovereignty in
+  economic and monetary matters. "The basic problem of the EMS is
+  that governments are not prepared to make the quantum leap to a
+  situation where certain decisions are taken in common," said one
+  economist who has closely watched the system's development.
+      The result is that the EC is often divided over policy on
+  third currencies, accentuating what the economists say is the
+  system's greatest weakness, its vulnerability to a weak dollar.
+      Over the past 18 months, as the U.S. Dollar plunged and
+  investors moved into strong currencies, the resulting sharp
+  rise of the West German mark severely strained the system.
+      Another frustration has been Britain's failure to lend the
+  EMS political support by keeping the pound, still a major world
+  currency, outside the system.
+      No change in the British government's attitude is expected
+  before the country's next general elections, due by mid-1988.
+      Meanwhile, the system's last realignment, the 11th since it
+  was set up, prompted European finance ministers to ask the EC's
+  highly-secretive Monetary Committee and Committee of Central
+  Bank Governors to come up with suggestions for reinforcing it.
+      Their ideas are due to be unveiled when finance ministers
+  hold an informal meeting in Belgium early next month.
+      But economists said the proposals are unlikely to involve
+  more than tinkering with technical details. They are sceptical
+  about the chances for any fundamental change.
+      "Technical measures won't be enough to protect the EMS
+  against external factors such as dollar weakness. For that we
+  must take the step forward to the institutional level," said Leo
+  de Corel of Kredietbank's economic research department.
+      Economists say the system's fortunes now will depend
+  largely on the success of an agreement last month among major
+  industrial nations to stabilise exchange rates. If the dollar
+  resumes its slide the EMS could be in for more turbulence, they
+  predict.
+  
+
diff --git a/reuters/training/5396 b/reuters/training/5396
new file mode 100644
index 0000000000000000000000000000000000000000..623e15f6dc475bb5636c496a1f018ed05c67bb9e
--- /dev/null
+++ b/reuters/training/5396
@@ -0,0 +1,11 @@
+INTERMAGNETICS GENERAL <INMA> COMPLETES BUY
+  Intermagnetics General Corp
+  said it completed the purchase of the advanced products
+  department of Air Products and Chemicals Inc <APD>.
+      Terms were not disclosed.
+      The department, which makes cryogenic equipment, will
+  continue operating at its present location in Allentown, Pa.,
+  the company said. It will market its products as APD Cryogenics
+  Inc.
+  
+
diff --git a/reuters/training/5398 b/reuters/training/5398
new file mode 100644
index 0000000000000000000000000000000000000000..ef643bb1bd88505e0adc3061f0102f8e3514e7a4
--- /dev/null
+++ b/reuters/training/5398
@@ -0,0 +1,14 @@
+ITALY'S FERRUZZI TAKES OVER SPANISH MILL
+  Italy's Ferruzzi SpA has taken a 67 pct
+  stake in Spanish sunflower seed and cotton mill Cooperativa
+  Agricola del Guadalete SA (GUADALCO), sources at GUADALCO said.
+      The Italian firm's Spanish subsidiary, Ferruzzi Espana SA,
+  took the majority equity stake, with the remaining 33 pct
+  retained by GUADALCO.
+      Ferruzzi plans to set up a sugar division and import some
+  30,000 tonnes of industrial sugar from its French factories in
+  its first year of operation.
+      GUADALCO has a processing capacity of 250 tonnes a day of
+  sunflower seeds and 12,000 tonnes a day of raw cotton.
+  
+
diff --git a/reuters/training/5400 b/reuters/training/5400
new file mode 100644
index 0000000000000000000000000000000000000000..6c02ebbc3cd541de16787bf6d4d423339aa67d4e
--- /dev/null
+++ b/reuters/training/5400
@@ -0,0 +1,16 @@
+CCC ACCEPTS BID FOR DAIRY CATTLE TO KUWAIT
+  The Commodity Credit Corporation
+  (CCC) has accepted a bid for an export bonus to cover the sale
+  of 380 head of dairy cattle to Kuwait, the U.S. Agriculture
+  Department said.
+      The dairy cattle are for shipment on or before May 31,
+  1987, it said.
+      The bonus of 1,465.00 dlrs per head was made to American
+  Marketing Services, Inc, and will be paid in the form of
+  commodities from the CCC inventory, it said.
+      An additional 761 head of dairy cattle are still available
+  to Gulf countries (kuwait, Bahrain, Oman, Qatar and the United
+  Arab Emirates under the Export Enhancement Program initiative
+  announced October 30, 1986, it said.
+  
+
diff --git a/reuters/training/5402 b/reuters/training/5402
new file mode 100644
index 0000000000000000000000000000000000000000..1c0d68d2b382fd9ec605f8bff16f1487f03c434a
--- /dev/null
+++ b/reuters/training/5402
@@ -0,0 +1,6 @@
+<AMERICAN HOECHST CORP> YEAR NET
+  Net 38 mln vs 5.7 mln
+      Revs 1.71 billion vs 1.69 billion
+      NOTE: Fully owned subsidiary of Hoechst AG.
+  
+
diff --git a/reuters/training/5404 b/reuters/training/5404
new file mode 100644
index 0000000000000000000000000000000000000000..b44abfe0fcf88e30fa5d072ad8f7a0fe10efce3d
--- /dev/null
+++ b/reuters/training/5404
@@ -0,0 +1,13 @@
+FED EXPECTED TO SET CUSTOMER REPURCHASES
+  The Federal Reserve is expected to
+  intervene in the government securities market to add reserves
+  via two to 2.5 billion dlrs of customer repurchase agreements,
+  economists said.
+      Economists said the Fed will inject temporary reserves
+  indirectly to offset pressure on the Federal funds rate
+  associated with quarterly corporate tax payments to the
+  Treasury department.
+      Fed funds opened at 6-1/4 pct and remained at that level
+  late this morning. Friday funds averaged 6.05 pct.
+  
+
diff --git a/reuters/training/5407 b/reuters/training/5407
new file mode 100644
index 0000000000000000000000000000000000000000..4bb44abbf499f0689df6460f61f8c941231e3e38
--- /dev/null
+++ b/reuters/training/5407
@@ -0,0 +1,12 @@
+LEVITT CORP <LVT> 4TH QTR NET
+  Oper shr 42 cts vs 11 cts
+      Oper net 1,433,000 vs 382,000
+      Revs 38.6 mln vs 20.1 mln
+      Year
+      Oper shr 60 cts vs 49 cts
+      Oper net 2,033,000 vs 1,682,000
+      Revs 90.4 mln vs 73.0 mln
+      NOTE: 1985 4th qtr and year excludes extraordinary credit
+  of 349,000 dlrs or 11 cts per share.
+  
+
diff --git a/reuters/training/5408 b/reuters/training/5408
new file mode 100644
index 0000000000000000000000000000000000000000..34eee68deefa696a485c4e90d3e086c843e1fa17
--- /dev/null
+++ b/reuters/training/5408
@@ -0,0 +1,16 @@
+EEP SHOULD BE USED TACTICALLY, YEUTTER SAYS
+  U.S. Trade Representative Clayton
+  Yeutter said the Export Enhancement Program, EEP, should be
+  used as a "tactical tool" and not as a general policy.
+      Yeutter made the comment in response to a question whether
+  the U.S. should expand the EEP to cover grain sales to the
+  Soviet Union.
+      He did not comment directly on the Soviet question,
+  replying that any decision would be made at the highest levels
+  of the Reagan administration, and "I don't want to preempt that."
+      Yeutter told the National Grain and Feed Association EEP
+  should continue to be used as a tactical tool against the
+  European Community but not as a general policy. He said
+  selective EEP use has been successful in pressuring the E.C.
+  
+
diff --git a/reuters/training/5409 b/reuters/training/5409
new file mode 100644
index 0000000000000000000000000000000000000000..1da8e3ad9b72197e0e2297f9176c94bba850ffdd
--- /dev/null
+++ b/reuters/training/5409
@@ -0,0 +1,10 @@
+NATIONAL PIZZA <PIZA> CORRECTS FIGURE
+  National Pizza Co said the
+  seven Straw Hat Piza restaurants in Los Angeles and
+  Bakersfield, Calif., that it announced plans to buy Friday are
+  expected to generate annual sales of about 3,800,000 dlrs, not
+  the eight mln dlrs the company originally announced.
+      The company said it will convert the restaurants to Pizza
+  Hut units.  Closing is expected around March 31.
+  
+
diff --git a/reuters/training/541 b/reuters/training/541
new file mode 100644
index 0000000000000000000000000000000000000000..1e5e7e0f1c182d0d8faf186e6cae8248d5c76cb5
--- /dev/null
+++ b/reuters/training/541
@@ -0,0 +1,9 @@
+BENGUET CORP <BE> CALENDAR 1986
+  Net income 154.7 mln pesos vs 127.5 mln
+      Operating revenues 4.42 billion vs 3.3 billion
+      Operating profit 621.2 mln vs 203.4 mln
+      Earnings per share 4.80 vs 3.95
+      NOTE: Company statement said gold operations contributed 74
+  pct of consolidated earnings.
+  
+
diff --git a/reuters/training/5410 b/reuters/training/5410
new file mode 100644
index 0000000000000000000000000000000000000000..ec4246f7abfd6a288578d604420b104da6efda83
--- /dev/null
+++ b/reuters/training/5410
@@ -0,0 +1,13 @@
+TBG HOLDINGS N.V. <TGBN.AS> 1986 YEAR NET
+  Net profit 34 mln dlrs vs 43 mln dlrs.
+      Turnover 1.82 billion dlrs vs 1.83 billion.
+      NOTE: Company lowered to nine pct from 13.5 pct interest
+  rate on outstanding subordinated loan for period august 1,
+  1987, to July 31, 1988.
+      TBG, formerly known as <Thyssen-Bornemisza Group>, reports
+  in dlrs since December 1, 1984, the start of the 1985 financial
+  year.
+      TBG said the decline in profits was mainly caused by losses
+  in container rental activities.
+  
+
diff --git a/reuters/training/5411 b/reuters/training/5411
new file mode 100644
index 0000000000000000000000000000000000000000..4a9e5218c2d7ab400ea11fb6bb2870ea5a1dfbce
--- /dev/null
+++ b/reuters/training/5411
@@ -0,0 +1,19 @@
+AVAQ INTERNATIONAL TO SEEK COMMITMENT ON DEAL
+  <AVAQ International Inc> said it
+  intends to require Gates Learjet Corp <GLJ> to honor its
+  agreement to sell its shares to the company.
+      AVAQ said it made the statement in response to an offer by
+  <Interconnect Capital Corp> for all of Gates Learjet shares
+  after what it believed to be an agreement by Gates to accept
+  its offer.
+      AVAQ said it offered, pusuant to Gates' guidelines, six
+  dlrs per share, plus the purchase of Gates Corp's promisary
+  note for 23 mln dlrs.
+      Interconnect said it offered 7.07 dlrs per share, plus the
+  repurchase of the loan for 13 mlns, for an aggregate price in
+  the 95 mln dlr range. Interconnect said it made the offer to
+  the board of directors of Gates Learjet on March 9.
+      AVAQ said Gates Corp and Gates Learjet approved its offer
+  Feb 26.
+  
+
diff --git a/reuters/training/5412 b/reuters/training/5412
new file mode 100644
index 0000000000000000000000000000000000000000..8563ea4a4d337c59ae05243cb3f5c87fbb7ab809
--- /dev/null
+++ b/reuters/training/5412
@@ -0,0 +1,64 @@
+SPAIN TO RELAX EXCHANGE CONTROLS
+  The Bank of Spain is relaxing exchange
+  controls to help put Spanish banks on an equal footing with
+  European Community competitors by the 1993 deadline for the
+  ending of restrictions, a central bank spokesman said.
+      "The measures to take effect by June were designed to lift
+  restrictions on foreign currency operations, in line with
+  deregulation in the banking industry," he said in a telephone
+  interview.
+      The spokesman said the relaxation of exchange controls
+  highlighted a broader package of reforms announced last Friday.
+      The central bank said in a statement the measures included
+  increased provisions for high-risk borrowers and a provision
+  for future pension fund obligations.
+      It said the measures were the latest steps to deregulate
+  Spain's financial sector, a move triggered by entry into the
+  Community last year.
+      Spain has five years to complete bank deregulation, a
+  process that began in 1978 when the government allowed foreign
+  banks to open branches.
+      Since then 39 foreign banks have come into the market and
+  they now control about 15 pct of the system's lending assets.
+      Residents in Spain can now borrow freely in foreign
+  currency up to the equivalent of 1.5 billion pesetas against a
+  previous ceiling of 750 mln pesetas.
+      The 750 mln peseta limit was set last March. Between that
+  date and the end of last year some 430 mln dlrs flowed into the
+  country on new foreign currency loans.
+      The central bank spokesman said operations over 1.5 billion
+  pesetas were technically subject to authorisation, but would be
+  given clearance if the government failed to act in 15 days.
+      Spanish banks will also be allowed to expand their foreign
+  currency funding, formerly obtainable through deposits, by
+  issuing certificates of deposit, bonds and commercial paper.
+      They can also employ these funds to invest in foreign
+  issues, while before they had to be converted into deposits.
+      Foreign exchange operations can be in mixed currencies,
+  instead of having to borrow and lend in the same currency.
+      The central bank has also lifted the restriction on the
+  amount of foreign exchange loans, which previously were limited
+  to three times a bank's capital equity.
+      The latest deregulation measures were welcomed by most
+  bankers, in contrast to rulings issued earlier this month which
+  imposed a 19 pct reserve requirement on new convertible peseta
+  funds held by banks and freed short term deposit rates.
+      The reserve requirement, which was already in place on
+  normal peseta deposits, was intended to curb short-term foreign
+  speculative capital which is entering the country and
+  threatening the government's money supply growth target.
+      A foreign banker said high reserve requirements, which now
+  account for about 30 pct of deposits, placed Spanish banks at a
+  disadvantage with European competitors.
+      The government reduced fixed asset investment requirements
+  to 11 pct from 23 pct to help offset the negative impact of
+  interest rate deregulation. "The real problem is the freeing of
+  interest rates," the banker said. "This is going to take a big
+  bite out of profits."
+      The ruling lifted a six pct ceiling on interest rates paid
+  on deposits of up to 180 days.
+      The chairman of one of Spain's leading banks said the
+  measure was expected to bring a 20 pct drop in profits this
+  year.
+  
+
diff --git a/reuters/training/5414 b/reuters/training/5414
new file mode 100644
index 0000000000000000000000000000000000000000..2719ade454c92f48d5b9231ede2c0a6b7cde33ab
--- /dev/null
+++ b/reuters/training/5414
@@ -0,0 +1,6 @@
+STANDARD PRODUCTS CO <STD> RAISES QUARTERLY
+  Qtly div 20 cts vs 16 cts prior
+      Pay April 24
+      Record April 10
+  
+
diff --git a/reuters/training/5415 b/reuters/training/5415
new file mode 100644
index 0000000000000000000000000000000000000000..c0d61300510c548e08728c3988ee861fd7ab20ef
--- /dev/null
+++ b/reuters/training/5415
@@ -0,0 +1,13 @@
+AARON SPELLING PRODUCTIONS INC <SP> 2ND QTR NET
+  Jan 31 end
+      Shr 31 cts vs 44 cts
+      Net 5,705,000 vs 8,101,000
+      Revs 50.6 mln vs 67.2 mln
+      1st half
+      Shr 63 cts vs 71 cts
+      Net 11.6 mln vs 13.2 mln
+      Revs 80.9 mln vs 105.2 mln
+      NOTE: Current half net includes 750,000 dlr charge from
+  reorganization.
+  
+
diff --git a/reuters/training/5416 b/reuters/training/5416
new file mode 100644
index 0000000000000000000000000000000000000000..d1aa93e5cfd90993d373c0f29ea5267885e7ee39
--- /dev/null
+++ b/reuters/training/5416
@@ -0,0 +1,10 @@
+COOPER LASERSONICS INC <ZAPS> 1ST QTR LOSS
+  Period ended January 31.
+      Shr loss 22 cts vs profit one ct
+      Net loss 4,700,000 vs profit 150,000
+      Sales 15.0 mln vs 16.7 mln
+      Avg shrs 21,538,000 vs 19,259,000
+      Note: Prior qtr figures include gain of 1.1 mln dlrs, or
+  six cts per share, from discontinued operations.
+  
+
diff --git a/reuters/training/5417 b/reuters/training/5417
new file mode 100644
index 0000000000000000000000000000000000000000..52438c8071bcb9fe1394feffa0c8082bd94a5654
--- /dev/null
+++ b/reuters/training/5417
@@ -0,0 +1,12 @@
+DIVERSIFIED INDUSTRIES <DEI> 1ST QTR OPER NET
+  Period ended Jan 31
+      Oper shr two cts vs eight cts
+      Oper net 96,000 vs 449,000
+      Sales 37.6 mln vs 35.8 mln
+      Avg shrs 5,317,900 vs 5,689,277
+      NOTE: Full name is Diversified Industries Inc
+      Earnings exclude gains from utilization of tax loss
+  carryforwards of 62,000 dlrs, or one ct a share vs 358,000
+  dlrs, or six cts a share
+  
+
diff --git a/reuters/training/5421 b/reuters/training/5421
new file mode 100644
index 0000000000000000000000000000000000000000..0b1e81a68997ebf3aea2d2af3b19cc8c04b24917
--- /dev/null
+++ b/reuters/training/5421
@@ -0,0 +1,11 @@
+HOECHST CELANESE SETS EXPANSION PROGRAM
+  Hoechst AG's <HFAG.F> U.S. unit,
+  Hoechst Celanese Corp, said it has begun projects that will
+  cost more than 150 mln dlrs.
+      The unit was formed last month when Hoechst completed the
+  acquisition of Celanese for 2.84 billion dlrs.
+      The company said it will expand its Sanwet super absorbent
+  polymers unit and its acrylic acid facility. It also said it
+  plans an acetaminophen production plant at Bishop, Texas.
+  
+
diff --git a/reuters/training/5422 b/reuters/training/5422
new file mode 100644
index 0000000000000000000000000000000000000000..310857ffefe637261ee05f05ee3de0e331bb9021
--- /dev/null
+++ b/reuters/training/5422
@@ -0,0 +1,17 @@
+GOLDEN NUGGET INC <GNG> 4TH QTR LOSS
+  Oper shr loss 20 cts vs loss 19 cts
+      Oper net loss 7,001,000 vs loss 6,761,000
+      Revs 93.0 mln vs 90.6 mln
+      Avg shrs 35.2 mln vs 34.8 mln
+      Year
+      Oper shr profit 10 cts vs profit 65 cts
+      Oper net profit 3,419,000 vs profit 22.6 mln
+      Revs 381.7 mln vs 385.0 mln
+      Avg shrs 33.8 mln vs 34.9 mln
+      NOTE: Net excludes debt retirement gain 2,001,000 dlrs vs
+  loss 316,000 dlrs in quarter and losses 15.9 mln dlrs vs
+  1,714,000 dlrs in year.
+      1986 net includes tax crdits of 2,942,000 dlrs in quarter
+  and 2,729,000 dlrs in year.
+  
+
diff --git a/reuters/training/5423 b/reuters/training/5423
new file mode 100644
index 0000000000000000000000000000000000000000..ea8db3de6650e82468b32b53d4273c4d3a2c6df4
--- /dev/null
+++ b/reuters/training/5423
@@ -0,0 +1,14 @@
+OPPENHEIMER INDUSTRIES <OPP> SEES YEAR LOSS
+  Oppenheimer Industries Inc said it
+  expects to report a loss for the year ended January 31 of about
+  980,000 dlrs, compared with a profit of 211,074 dlrs a year
+  before.
+      The company blamed the loss on the continuing depression in
+  agriculture, the discontinuance of several programs due to the
+  passage if the 1986 tax bill and the failure to close the sale
+  of four ranches in the California Carrizo Plains during the
+  year as expected.
+      The company said the prospective purchaser forfieted a
+  500,000 dlr deposit  It said it is in talks on a new contract.
+  
+
diff --git a/reuters/training/5426 b/reuters/training/5426
new file mode 100644
index 0000000000000000000000000000000000000000..5b13fce8abfc15003239032956101b508cad7271
--- /dev/null
+++ b/reuters/training/5426
@@ -0,0 +1,13 @@
+LUBY'S CAFETERIAS INC <LUB> 2ND QTR FEB 28 NET
+  Shr 31 cts vs 26 cts
+      Net 5,645,000 vs 4,737,000
+      Sales 55.2 mln vs 50.6 mln
+      1st half
+      Shr 60 cts vs 53 cts
+      Net 10.9 mln vs 9,659,000
+      Sales 110.4 mln vs 102.2 mln
+      NOTE: Current year net both periods includes 474,000 dlr
+  gain from land sale.
+      Share adjusted for three-for-two split in August 1986.
+  
+
diff --git a/reuters/training/5429 b/reuters/training/5429
new file mode 100644
index 0000000000000000000000000000000000000000..afe17d7891592ffff6a738804e1f5cd707c4b01b
--- /dev/null
+++ b/reuters/training/5429
@@ -0,0 +1,14 @@
+TESCO FORECASTS PROFITS RISE THIS YEAR
+  Tesco Plc <TSCO.L> said in a statement
+  it expects pre-tax profits of 166 mln stg for the year ending
+  February 28, 1987, before nine mln stg of net property profits.
+  This compares with 122.9 mln stg pretax profits and a net 8.1
+  mln on property sales the previous year. It said the forecast
+  was in its formal offer document sent to <Hillards Plc>
+  shareholders today.
+      On March 10 Tesco launched a 151.4 mln stg bid for
+  Hillards. The offer, of 13 new Tesco ordinary shares for every
+  20 Hillards ordinary shares, valued each Hillards ordinary
+  share at 305.5p.
+  
+
diff --git a/reuters/training/543 b/reuters/training/543
new file mode 100644
index 0000000000000000000000000000000000000000..3d743cd2884cee48e1d14961a5ae683841d5703d
--- /dev/null
+++ b/reuters/training/543
@@ -0,0 +1,12 @@
+UNOCAL <UCL> UNIT CUTS CRUDE OIL POSTED PRICES
+  Unocal Corp's Union Oil Co said it
+  lowered its posted prices for crude oil one to 1.50 dlrs a
+  barrel in the eastern region of the U.S., effective Feb 26.
+      Union said a 1.50 dlrs cut brings its posted price for the
+  U.S. benchmark grade, West Texas Intermediate, to 16 dlrs.
+  Louisiana Sweet also was lowered 1.50 dlrs to 16.35 dlrs, the
+  company said.
+      No changes were made in Union's posted prices for West
+  Coast grades of crude oil, the company said.
+  
+
diff --git a/reuters/training/5431 b/reuters/training/5431
new file mode 100644
index 0000000000000000000000000000000000000000..d3f61b21abac87fa5b3e750769e4b83afa8b0d62
--- /dev/null
+++ b/reuters/training/5431
@@ -0,0 +1,14 @@
+BUSINESS COMPUTER <BCSI> HAD 4TH QUARTER PROFIT
+  Business Computer Solutions Inc said it
+  expects to report a profit for the fourth quarter ended
+  February 28 -- its first quarterly profit ever -- of about
+  175,000 dlrs on revenues of about 750,000 dlrs.
+      A year before, it lost 217,852 dlrs on sales of 469,274
+  dlrs.  The company attributed the improved results to increased
+  purchases of its ZFOUR language and development environment for
+  computer software.
+      Business Computer said it expects to report a full-year
+  loss of about 500,000 dlrs on sales of about 2,100,000 dlrs.
+  Last year it lost 1,079,000 dlrs on revenues of 720,000 dlrs.
+  
+
diff --git a/reuters/training/5434 b/reuters/training/5434
new file mode 100644
index 0000000000000000000000000000000000000000..a2699f4337a85351a5cf3a477fc70d4707084e87
--- /dev/null
+++ b/reuters/training/5434
@@ -0,0 +1,5 @@
+FED SAYS IT SETS THREE-DAY SYSTEM REPURCHASE AGREEMENTS
+
+  FED SAYS IT SETS THREE-DAY SYSTEM REPURCHASE AGREEMENTS
+  
+
diff --git a/reuters/training/5435 b/reuters/training/5435
new file mode 100644
index 0000000000000000000000000000000000000000..fa09791a4746457834654764a1b889caead7c9be
--- /dev/null
+++ b/reuters/training/5435
@@ -0,0 +1,14 @@
+MIM TO ACQUIRE STAKE IN GERMAN COPPER PRODUCER
+  Mount Isa Mines Holding Ltd plans to
+  acquire a 30 pct stake in Europe's largest primary copper
+  producer, Norddeutsche Affinerie AG, a spokesman for
+  Metallgesellschaft AG said.
+      MIM intends to take Preussag AG's total 20 pct share in the
+  copper producer in exchange for some three pct of MIM's share
+  capital. MIM will also take another 10 pct now held by Degussa
+  AG, reducing Degussa's share to 30 pct from 40.
+  Metallgesellschaft's share will remain at 40 pct.
+      The move is subject to approval of the federal cartel
+  office and supervisory boards of the companies involved.
+  
+
diff --git a/reuters/training/5437 b/reuters/training/5437
new file mode 100644
index 0000000000000000000000000000000000000000..db421b8a797043361e941d4045eaa4ccb2633c4f
--- /dev/null
+++ b/reuters/training/5437
@@ -0,0 +1,15 @@
+J.W. MAYS INC <MAYS> 2ND QTR JAN 31 NET
+  Shr 2.27 dlrs vs 74 cts
+      Net 4,945,989 vs 1,612,624
+      Revs 28.2 mln vs 27.9 mln
+      Six mths
+      Shr 1.57 dlrs vs three cts
+      Net 3,417,659 vs 73,614
+      Revs 47.0 mln vs 46.8 mln
+      NOTE: Current periods include pretax gain of 4.3 mln dlrs
+  from sale of leasehold of Glen Oaks store in Queens, N.Y. and
+  gain of 1.9 mln dlrs from benefit of tax loss carryforwards.
+      Year-ago six mths includes gain of 95,988 dlrs from refund
+  of prior year's real estate taxes.
+  
+
diff --git a/reuters/training/5438 b/reuters/training/5438
new file mode 100644
index 0000000000000000000000000000000000000000..911872198ccafad3fc3b13230357cd301ec07dcc
--- /dev/null
+++ b/reuters/training/5438
@@ -0,0 +1,14 @@
+CIRCUS CIRCUS ENTERPRISES <CIR> 4TH QTR NET
+  Oper shr 16 cts vs 14 cts
+      Oper net 5,818,000 vs 5,284,000
+      Revs 88.2 mln vs 69.7 mln
+      Year
+      Oper shr 96 cts vs one dlr
+      Oper net 36,101,000 vs 37,375,000
+      Revs 374.0 mln vs 307.0 mln
+      Note: Current qtr and year figures exclude extraordinary
+  losses on early debt retirement of 1.7 mln dlrs, or five cts
+  per share and 7.9 mln dlrs, or 21 cts per share, respectively.
+      Full name Circus Circus Enterprises Inc.
+  
+
diff --git a/reuters/training/5439 b/reuters/training/5439
new file mode 100644
index 0000000000000000000000000000000000000000..aa0decaaf30b8b519f5774c1ee6004be352e4208
--- /dev/null
+++ b/reuters/training/5439
@@ -0,0 +1,9 @@
+FED ADDS RESERVES VIA THREE-DAY REPURCHASES
+  The Federal Reserve entered the U.S.
+  Government securities market to arrange three-day System
+  repurchase agreements, a Fed spokesman said.
+      Dealers said that Federal funds were trading at 6-1/4 pct
+  when the Fed began its temporary and direct supply of reserves
+  to the banking system.
+  
+
diff --git a/reuters/training/544 b/reuters/training/544
new file mode 100644
index 0000000000000000000000000000000000000000..03a72008a80c0aa7898ff2938d65673967c54e17
--- /dev/null
+++ b/reuters/training/544
@@ -0,0 +1,14 @@
+PANHANDLE'S <PEL> TRUNKLINE REDUCES GAS RATES
+  Panhandle Eastern Corp's Trunkline Gas
+  Co pipeline subsidiary said it is reducing the commodity
+  component of its wholesale natural gas rate four pct, effective
+  immediately.
+      In a filing with the Federal Energy Regulatory Commission,
+  Trunkline said, it is reducing its commodity rate -- the
+  portion of the total rate based on the price of gas -- to 2.58
+  dlrs per mln Btu from 2.69 dlrs per mln Btu.
+      The company said the lower rate results from a reduction in
+  the average price the pipeline is paying for gas, adding this
+  reflects contract reformation agreemats with producers.
+  
+
diff --git a/reuters/training/5440 b/reuters/training/5440
new file mode 100644
index 0000000000000000000000000000000000000000..9b3cd8cd809a49ef13e027a9b4acad58153aad73
--- /dev/null
+++ b/reuters/training/5440
@@ -0,0 +1,8 @@
+NATIONAL FUEL GAS CO <NFG> SETS MAIL DATE
+  National Fuel Gas Co said its mail
+  date for its previously-announced two-for-one stock split is
+  June 19, 1987.
+      The company, which announced the split last week, had said
+  the record date for the split is May 29, 1987.
+  
+
diff --git a/reuters/training/5441 b/reuters/training/5441
new file mode 100644
index 0000000000000000000000000000000000000000..b17a688b20cd8d81523c1ff9a27c61eb4c1efeab
--- /dev/null
+++ b/reuters/training/5441
@@ -0,0 +1,10 @@
+COMTECH <CMTL> TO SELL PREMIER MICROWAVE
+  Comtech Inc said it agreed in
+  principle to sell 95 pct of its outstanding shares in Premier
+  Microwave Corp for seven mln dlrs.
+      It said the buyers include an investment group composed of
+  the unit's management.
+      The company said it expects the sale to close in the next
+  few weeks. Proceeds will be used to reduce debt.
+  
+
diff --git a/reuters/training/5442 b/reuters/training/5442
new file mode 100644
index 0000000000000000000000000000000000000000..94ebac155cb140403298b3a842651c59c9273517
--- /dev/null
+++ b/reuters/training/5442
@@ -0,0 +1,14 @@
+INVESTMENT FIRMS HAVE 5.9 PCT OF PUROLATOR <PCC>
+  A group of affiliated New York-base
+  investment firms and funds told the Securities and Exchange
+  Commission they have acquired 453,300 shares of Purolator
+  Courier Corp, or 5.9 pct of the total outstanding.
+      The group, led by Mutual Shares Corp, said it bought the
+  stock for investment purposes.
+      It also said it is studying the 35 dlr a share leveraged
+  buyout offer made by Purolator managers and E.F. Hutton LBO Inc
+  but has not decided whether it will tender its stock in the
+  offer. The group said it has held talks with the Hutton LBO
+  group before and may do so again.
+  
+
diff --git a/reuters/training/5443 b/reuters/training/5443
new file mode 100644
index 0000000000000000000000000000000000000000..2b3070b030a751d73f154604fb91d0bec8eb9ff2
--- /dev/null
+++ b/reuters/training/5443
@@ -0,0 +1,12 @@
+TOFUTTI BRANDS <TOF> SEES PROFIT FOR NEW YEAR
+  Tofutti Brands Inc said it is
+  changing its fiscal year to a calendar year from a year ending
+  July 31, and it expects to be profitable on higher sales in
+  1987.
+      The company lost 658,000 dlrs on sales of 11.6 mln dlrs in
+  the year ended July 31.  A company spokesman said Tofutti will
+  be reporting earnings for the last five months of calendar 1986
+  by the end of March and will then report calendar first quarter
+  results.
+  
+
diff --git a/reuters/training/5444 b/reuters/training/5444
new file mode 100644
index 0000000000000000000000000000000000000000..5c8c61e281c1f8642589d9fbcc3ef16d5418bb31
--- /dev/null
+++ b/reuters/training/5444
@@ -0,0 +1,7 @@
+DIGITECH INC <DGTC> 1ST QTR JAN 31 NET
+  Shr two cts vs eight cts
+      Net 270,000 vs 1,212,000
+      Revs 1,858,000 vs 1,420,000
+      Avg shrs 16,817,618 vs 12,507,671
+  
+
diff --git a/reuters/training/5445 b/reuters/training/5445
new file mode 100644
index 0000000000000000000000000000000000000000..c95f912fda42e5642768764d9d33828d7ca6fbd0
--- /dev/null
+++ b/reuters/training/5445
@@ -0,0 +1,25 @@
+UNION VOTES TO STRIKE DAKOTA CITY IBP PLANT
+  Members of the United Food and
+  Commercial Workers union, UFCW, local 222 voted Sunday to go on
+  strike against Iowa Beef Processors Inc Dakota City, Nebraska,
+  plant, effective Tuesday.
+      The company submitted their latest offer to the union at
+  the same time announcing that they would end the lockout as of
+  tomorrow that started December 14.
+      Members unanimously rejected the latest company offer that
+  was submitted to the union late last week. An overwhelming
+  majority of the approximately 2,500 members attending the
+  meeting then voted to go on strike, UFCW union spokesman Allen
+  Zack said.
+      Zack said the company's offer for a cut in wages was
+  unacceptable and said IBP was refusing to bargain in good
+  faith.
+      IBP's latest offer included wage cuts of 60 cents an hour
+  for slaughter operations and a 45 cents an hour cut in pay for
+  processing workers. The cut follows the 1.07 dlr cut in pay
+  workers received in 1982 and the wage freeze that has lasted
+  since then, Zack said.
+      The offer also eliminated overtime after eight hours
+  following the normal 40 hour work week, he added.
+  
+
diff --git a/reuters/training/5447 b/reuters/training/5447
new file mode 100644
index 0000000000000000000000000000000000000000..4abd8420891944a8b7c8e236e6b86899ecb7ecc1
--- /dev/null
+++ b/reuters/training/5447
@@ -0,0 +1,21 @@
+BELGIUM REVISES DOWN 1987 GNP GROWTH FORECASTS
+  The Belgian government has lowered its
+  forecast for the nominal increase in gross national product in
+  1987 to 3.5 pct from an originally forecast 3.9 pct, Prime
+  Minister Wilfried Martens said in a statement to parliament.
+      He said this revision, which brings government forecasts
+  more closely into line with those by private institutions,
+  takes account of an anticipated slowdown in the world economy
+  and international trade.
+      But he said the impact on the Belgian economy will be
+  limited due to recent agreements on wages and working
+  conditions agreed by employers and unions.
+      Martens did not say how much the government expected GNP to
+  grow in volume terms.
+      However, last month the government's Planning Bureau said
+  it had revised its 1987 forecast for this to 0.9 pct from 2.0
+  pct.
+      In 1986, Belgium's gross national product rose 2.15 pct in
+  volume terms against a 5.9 pct nominal rise.
+  
+
diff --git a/reuters/training/545 b/reuters/training/545
new file mode 100644
index 0000000000000000000000000000000000000000..19b826483d4a739b97f76e2595dbea697b20c104
--- /dev/null
+++ b/reuters/training/545
@@ -0,0 +1,31 @@
+INVESTOR GROUP HAS TALKS WITH PESCH ON AMI <AMI>
+  WEDGE Group Inc, a Houston investment
+  firm with a 5.5 pct stake in American Medical International
+  Inc, said it has had talks with Pesch and Co, which is seeking
+  control of the company.
+      In a filing with the Securities and Exchange Commission,
+  WEDGE, which is owned by Issam Fares, a Lebanese citizen living
+  in Switzerland, also said it discussed the possibility of
+  joining with others in its own bid to seek control of AMI.
+      WEDGE stressed that it has no current plans to seek control
+  of AMI, but refused to rule out a takeover try in the future.
+      WEDGE said it has had discussions with AMI management,
+  Pesch, the closely held health care and investment concern
+  controlled by Chicago physician LeRoy Pesch, and other AMI
+  shareholders.
+      It did not specify in its SEC filing which issues --
+  selling its AMI stake or joining with others in a takeover try
+  -- were discussed with which group. But it said the talks did
+  not produce any agreements or understandings.
+      WEDGE said it believes that "some form of restructuring of
+  AMI and its business would be highly desirable and appropriate
+  at this time."
+      WEDGE, which holds 4.8 mln shares of AMI common stock, said
+  it plans to hold further talks with company management, Pesch
+  and other shareholders.
+      Pesch last week sweetened his bid for the company to 22
+  dlrs a share in cash and securties, or 1.91 billion dlrs based
+  on AMI's total outstanding, from an all-cash 20 dlr a share
+  bid, which the company rejected.
+  
+
diff --git a/reuters/training/5451 b/reuters/training/5451
new file mode 100644
index 0000000000000000000000000000000000000000..e8fd0d7e48384b9a530f6826568b828bb36a0f40
--- /dev/null
+++ b/reuters/training/5451
@@ -0,0 +1,6 @@
+CABOT MEDICAL CORP <CBOT> 1ST QTR JAN 31 NET
+  Shr four cts vs two cts
+      Net 240,902 vs 106,054
+      Revs 3,408,481 vs 2,566,769
+  
+
diff --git a/reuters/training/5452 b/reuters/training/5452
new file mode 100644
index 0000000000000000000000000000000000000000..9c9f4d991e94b92aa6e4ce86d697ceb208c254c6
--- /dev/null
+++ b/reuters/training/5452
@@ -0,0 +1,15 @@
+AMERIHEALTH INC <AHTH> 4TH QTR LOSS
+  Oper shr loss one ct vs loss 11 cts
+      Oper net profit 89,000 vs loss 323,000
+      Revs 9,603,000 vs 6,116,000
+      Year
+      Oper shr loss six cts vs loss 21 cts
+      Oper net profit 158,000 vs loss 629,000
+      Revs 34.6 mln vs 22.8 mln
+      NOTE: 1986 net excludes tax credits of 170,000 dlrs in
+  quarter and 321,000 dlrs in year and gains on termination of
+  pension plan of 82,000 dlrs in quarter and 190,000 dlrs in
+  year.
+      Share after preferred dividends.
+  
+
diff --git a/reuters/training/5453 b/reuters/training/5453
new file mode 100644
index 0000000000000000000000000000000000000000..405080ceec836e2c8d028894a340b167c2a6a4b4
--- /dev/null
+++ b/reuters/training/5453
@@ -0,0 +1,25 @@
+BANKS SEE GERMAN GROWTH OF AT LEAST TWO PCT
+  External risks for the economy have
+  increased, but growth of two to 2.5 pct this year is still
+  possible, according to President of the West German Federation
+  of Banks, Hanns Christian Schroeder-Hohenwarth.
+      Schroeder-Hohenwarth told a news conference the further
+  fall of the dollar since the start of this year and the
+  revaluation of the mark against European currencies meant West
+  German exporters were facing a "rough wind."
+      However, domestic demand was continuing to rise and private
+  consumption in particular would support the economy, he said.
+  He saw good prospects for consumer industries.
+      Schroeder-Hohenwarth said economic policy now had to
+  concentrate on strengthening this domestic growth. In this
+  context, he welcomed a decision by the government to increase
+  the scope of tax cuts due in 1988.
+      He added, a planned reform of the fiscal system scheduled
+  for 1990, which was worked out by coalition partners this
+  month, was an "important step in the right direction."
+      The government plans to cut corporation tax to 50 pct from
+  56 pct. However, Schroeder-Hohenwarth said the decision to cut
+  the maximum rate of income tax to only 53 pct from 56 pct was
+  "rather half-hearted."
+  
+
diff --git a/reuters/training/5454 b/reuters/training/5454
new file mode 100644
index 0000000000000000000000000000000000000000..6e220d598a49c2896de54c21488edc0569c76242
--- /dev/null
+++ b/reuters/training/5454
@@ -0,0 +1,19 @@
+CAMBRIDGE ANALYTICAL <CAAN> SEES FIRST QTR LOSS
+  Cambridge Analytical Associates Inc said
+  it expects to incur a loss for the first quarter of fiscal 1987
+  equal to or greater than its loss of 240,697 dlrs for the
+  fourth quarter ended December 31, 1986.
+      Cambridge said it expects revenues for the first quarter to
+  be approximately the same as those recorded for the fourth
+  quarter ended December 31, 1986, of 1,025,961 dlrs.
+      Cambridge recorded a profit of 2,204 dlrs on revenues of
+  847,000 dlrs for the first quarter of fiscal 1986, the company
+  said.
+      The company attributed the expected loss to lower than
+  expected sales from its laboratory and consulting business and
+  planned major investment in its proprietary treatment
+  technology.
+      The company said winter is traditionally its slowest
+  season.
+  
+
diff --git a/reuters/training/5455 b/reuters/training/5455
new file mode 100644
index 0000000000000000000000000000000000000000..f73d7e38ad48bd81810128902276a189b2463957
--- /dev/null
+++ b/reuters/training/5455
@@ -0,0 +1,15 @@
+SETON <SEL> GETS BUYOUT OFFER FROM CHAIRMAN
+  Seton Co said its board has
+  received a proposal from chairman and chief executive officer
+  Philip D. Kaltenbacher to acquire Seton for 15.75 dlrs per
+  share in cash.
+      Seton said the acquisition bid is subject to Kaltenbacher
+  arranging the necessary financing.  It said he intends to ask
+  other members of senior management to participate.
+      The company said Kaltenbacher owns 30 pct of Seton stock
+  and other management members another 7.5 pct.
+      Seton said it has formed an independent board committee to
+  consider the offer and has deferred the annual meeting it had
+  scheduled for March 31.
+  
+
diff --git a/reuters/training/5456 b/reuters/training/5456
new file mode 100644
index 0000000000000000000000000000000000000000..c2d25b76a89c8f70198e84b4996fab3ec2794e45
--- /dev/null
+++ b/reuters/training/5456
@@ -0,0 +1,24 @@
+MRS FIELDS PLANS TO OPEN MORE STORES
+  U.S. Based speciality food retailer <Mrs
+  Fields Inc>, which earlier announced pre-tax profits of 17.1
+  mln dlrs in 1986 against 6.8 mln in 1985, said it plans further
+  growth this year with the opening of 125 new stores in the U.S.
+      The company, which is quoted on London's Unlisted
+  Securities Market (USM), said it also planned to expand its
+  outlets internationally.
+      However, chairman Randall Fields told a news conference the
+  company would not move into any new countries during 1987 but
+  would intensify its efforts where it already had stores.
+      During 1986 the company opened 81 new stores, including 76
+  in the U.S., Two in Australia and one each in Japan, Canada and
+  the U.K.
+      "We intend to open a minimum of five more units in London
+  for example and it is reasonable that we might open other
+  stores in other European countries in 1988," Fields said.
+      He said the company acquired competitive businesses as a
+  matter of routine, and might add others in 1987, but declined
+  to say how much the company planned to spend on them.
+      Last year turnover rose by 20.8 pct to 87.1 mln dlrs from
+  72.6 mln dlrs in 1985.
+  
+
diff --git a/reuters/training/5458 b/reuters/training/5458
new file mode 100644
index 0000000000000000000000000000000000000000..40fedf64461674042e553bda8310021dd99a9b04
--- /dev/null
+++ b/reuters/training/5458
@@ -0,0 +1,43 @@
+BRAZIL SAYS DEBT CRISIS IS WORLD PROBLEM
+  Brazilian Finance Minister
+  Dilson Funaro said his country's foreign debt crisis could only
+  be solved by changes in the international financial system.
+      Speaking to a business conference he said "It is not Brazil
+  that has to make adjustments with the IMF (International
+  Monetary Fund). It is the international financial community
+  that is taking away resources from the developing countries."
+      "The crisis is not in Brazil, a country that has had the
+  third biggest trade surplus ...In the past two years Brazil had
+  remitted 24 billion dlrs in debt servicing and received only
+  two billion in fresh funds," he added.
+      Funaro said that during his recent trip to the U.S., Europe
+  and Japan to explain Brazil's decision last month to suspend
+  interest payments on 68 billion dlrs of commercial debt, he
+  stressed the country's commitment to growth.
+      "We need to and will make the effort (to solve the debt
+  problem) but we cannot make an effort that means we stop
+  growing," he said, adding that political and not purely
+  commercial solutions were needed to the debt crisis.
+      Brazil, whose 108 billion dlr foreign debt is the largest
+  in the developing world, has been under pressure from official
+  and private creditors to work out an economic adjustment
+  program with the IMF to combat rocketing inflation and foreign
+  payments problems.
+      President Jose Sarney's government has repeatedly refused
+  to approach the Fund, arguing that an IMF programme would lead
+  to recession. Funaro said that in his talks with creditors he
+  had tried to restore credibility in the country in the hope of
+  finding a lasting solution to the debt problem.
+      "We are negotiating so that the debt question should not be
+  one of continuous crisis."
+      To sustain internal growth Brazil would have to import more
+  machinery and equipment this year and export fewer raw
+  materials. The country was thus targetting a fall in this
+  year's trade surplus to 8.0 billion dlrs from 1986's 9.5
+  billion.
+      Domestically, Funaro said economies had led to a reduction
+  in the public sector deficit to 2.7 pct of gross domestic
+  product in 1986, the lowest for many years and that this should
+  fall to 1.5 pct this year.
+  
+
diff --git a/reuters/training/546 b/reuters/training/546
new file mode 100644
index 0000000000000000000000000000000000000000..d85be5edb9b8d43aff3afe5d449279c21fc264fe
--- /dev/null
+++ b/reuters/training/546
@@ -0,0 +1,6 @@
+I.M.S. INTERNATIONAL INC <IMSI> SETS QUARTERLY
+  Qtly div four cts vs four cts prior
+      Pay March 27
+      Record March 13
+  
+
diff --git a/reuters/training/5460 b/reuters/training/5460
new file mode 100644
index 0000000000000000000000000000000000000000..390913ba8fdecc5001dd92884e7209303413fde0
--- /dev/null
+++ b/reuters/training/5460
@@ -0,0 +1,5 @@
+U.S. INDUSTRIAL CAPACITY USE RATE ROSE TO 79.8 PCT IN FEB FROM 79.6 PCT IN JAN
+
+  U.S. INDUSTRIAL CAPACITY USE RATE ROSE TO 79.8 PCT IN FEB FROM 79.6 PCT IN JAN
+  
+
diff --git a/reuters/training/5461 b/reuters/training/5461
new file mode 100644
index 0000000000000000000000000000000000000000..df7a55accc161fcaaba74fbe351ee244cc0be693
--- /dev/null
+++ b/reuters/training/5461
@@ -0,0 +1,10 @@
+BIOTECHNOLOGY DEVELOPMENT <BIOD> 4TH QTR LOSS
+  Shr loss five cts vs loss 17 cts
+      Net loss 154,654 vs loss 419,606
+      Revs 517,699 vs 374,108
+      Year
+      Shr loss 28 cts vs loss 56 cts
+      Net loss 821,979 vs loss 1,368,591
+      Revs 1,650,657 vs 1,285,473
+  
+
diff --git a/reuters/training/5464 b/reuters/training/5464
new file mode 100644
index 0000000000000000000000000000000000000000..91763a74524a655352a45487ef163345e3098fee
--- /dev/null
+++ b/reuters/training/5464
@@ -0,0 +1,12 @@
+HECHINGER CO <HECH> 4TH QTR NET
+  Shr primary 28 cts vs 22 cts
+      Shr diluted 26 cts vs 21 cts
+      Net 8,637,000 vs 6,577,000
+      Sales 140.3 mln vs 116.8 mln
+      Year
+      Shr primary 92 cts vs 77 cts
+      Shr diluted 88 cts vs 75 cts
+      Net 28.3 mln vs 23.1 mln
+      Sales 588.4 mln vs 479 mln
+  
+
diff --git a/reuters/training/5465 b/reuters/training/5465
new file mode 100644
index 0000000000000000000000000000000000000000..0eb59a143f9afcab19684da5f2f9ece92f18f20e
--- /dev/null
+++ b/reuters/training/5465
@@ -0,0 +1,18 @@
+METEX <MTX> CHAIRMAN SELLS SHARES
+  Metex Corp said its chairman and
+  chief executive officer Alan Cohen sold 78,375 shares of Metex
+  common stock to Metropolitan Consolidated Industries Inc
+  <MONY>.
+      The company said the selling price was 11.25 dlrs per share
+  with an option for Metropolitan Consolidated Industries to
+  purchase up to 42,750 shares more at the same price.
+      Metex also said Mason Carter was elected president and
+  chief operating officer of the company. Carter joined Metex in
+  1982, where he was formerly its executive vice president.
+      In addition, Attilio Petrocelli, president of Metropolitan,
+  was named to fill a vacancy on the Metex board of directors,
+  the company said.
+      Metropolitan owns 21 pct of Metex common stock, the company
+  said.
+  
+
diff --git a/reuters/training/5467 b/reuters/training/5467
new file mode 100644
index 0000000000000000000000000000000000000000..30d43035ef5ad5f6bd0b9deaba933a571a0d3f7a
--- /dev/null
+++ b/reuters/training/5467
@@ -0,0 +1,55 @@
+AROUND 3.5 MLN ACRES SAID TO BE IDLED BY 0/92
+  A 0/92 program would have very
+  little impact on U.S. acreage, prompting farmers to idle only
+  an additional 3.5 mln acres of cropland every year, according
+  to a report from the Agriculture Department.
+      The savings resulting from the additional 3.5 mln acres
+  idled would be a little over 400 mln dlrs in loan savings, 35
+  mln dlrs in transportation and storage savings, and 10-20 mln
+  dlrs per year in deficiency payment savings, the report said.
+      The USDA report asssessed the impacts of the proposed 0/92
+  acreage program for wheat, corn, cotton, sorghum and barley.
+  Last year, almost 245 mln acres of those crops were harvested.
+      "The likelihood that the 0-92 provisiion will cause very
+  large acreages to be removed from crop production is quite
+  small," the report said.
+      "The returns on typical farms still favor participation in
+  the usual acreage reduction programs and seeding the permitted
+  acreage," the USDA report said.
+      The 0/92 program, which would allow farmers to forego
+  planting and still receive 92 pct of their deficiency payment,
+  would be most used by producers in high production/high risk
+  areas where cost of production is high, said Keith Collins,
+  director of USDA's economics analysis staff.
+      "In the heart of the corn belt, you would not get that much
+  participation," Collins said.
+      USDA estimated that an additional one mln acres of wheat
+  would be ildled under 0/92, 1.5 mln acres of corn, 500,000
+  acres of sorghum and barley and 500,000 acres of cotton.
+      Production from these idled acres would be equivalent to 40
+  mln bushels of wheat, 180 mln bushels of corn, 20 mln bushels
+  of sorghum, 10 mln bushels of barley, and 500,000 bales of
+  cotton, the report said.
+      "In determining whether to participate, a producer would
+  need to weigh the expected cash costs of production against the
+  loan rate ... The risk that market prices may rise above the
+  expected levels and reduce the deficiency payment also must be
+  considered," according to the analysis.
+      "What you're giving up under 0/92 is the difference between
+  the loan rate and the cost of production," Collins said.
+      For producers with low production costs, that difference is
+  greater and can be applied to paying variable costs, he said.
+  Under these cicumstances, farmers would not want to go along
+  with 0/92. But for high cost producers, 0/92 would be more
+  attractive.
+      Also, as loan rates get lower, Collins said there would be
+  more incentives to participate in a 0/92 program.
+      "I would admit that its impacts would be very marginal at
+  first, but it is a step towards the goal of separating
+  production decisions from government payments," Collins said.
+      In a speech earlier today before the National Grains and
+  Feed Association, USDA Secretary Richard Lyng said it is too
+  late to implement 0/92 for 1987 crops since program signup will
+  be over by the end of this month.
+  
+
diff --git a/reuters/training/5469 b/reuters/training/5469
new file mode 100644
index 0000000000000000000000000000000000000000..15e9fe404ad51a5cfb66782f62747694edfde915
--- /dev/null
+++ b/reuters/training/5469
@@ -0,0 +1,8 @@
+AMERICAN SECURITY <ASEC> TO RELEASE INFORMATION
+  American Security Corp said a
+  release will be forthcoming shortly regarding its pending
+  merger with Maryland National Corp <MDNT>, approved by its
+  stockholders October 10.
+      American was halted on NASDAQ pending a news announcement.
+  
+
diff --git a/reuters/training/547 b/reuters/training/547
new file mode 100644
index 0000000000000000000000000000000000000000..8314b18fb9fd136fa22784e6eee50dfea70175db
--- /dev/null
+++ b/reuters/training/547
@@ -0,0 +1,12 @@
+BANNER <BNR> COMPLETES TENDER FOR REXNORD <REX>
+  Banner Industries Inc said 19.8 mln of
+  the outstanding 20 mln shares in Rexnord Inc were tendered
+  pursuant to its 26.25 dlr a share offer that closed at midnight
+  EST Feb 27.
+      Together with the five mln Rexnard shares it already owns,
+  the company said it now holds a 97 pct stake in the company.
+      It said the completion of the deal is subject to approval
+  by Rexnard holders and to other closing conditions. It expects
+  the deal to close in about 60 days.
+  
+
diff --git a/reuters/training/5470 b/reuters/training/5470
new file mode 100644
index 0000000000000000000000000000000000000000..00c3acab793a6e1e2ccc04f0cf91cd43b0929709
--- /dev/null
+++ b/reuters/training/5470
@@ -0,0 +1,8 @@
+SVENSKA CELLULOSA AB <SCAB.ST> 1986 YEAR
+  Group profit after net financial items 1.39 billion crowns
+      vs 1.32 billion
+      Sales 15.22 billion crowns vs 12.61 billion
+      Profit per share 20.50 crowns vs 19.60
+      Proposed dividend five crowns vs 4.40
+  
+
diff --git a/reuters/training/5471 b/reuters/training/5471
new file mode 100644
index 0000000000000000000000000000000000000000..cb72bb52d3e6f8332f4e514bebc7defcb9eb932d
--- /dev/null
+++ b/reuters/training/5471
@@ -0,0 +1,67 @@
+COLOMBIA COFFEE EXPORTERS BELIEVE IN PRAGMATISM
+  Private coffee exporters say Colombia's
+  more pragmatic coffee marketing policy will ensure that the
+  country does not suffer excessively from current depressed
+  prices and erratic market conditions.
+      Gilberto Arango, president of the exporters' association,
+  said in an interview that Colombia, the world's second largest
+  producer, was in a position to withstand a prolonged absence of
+  International Coffee Organization (ICO) export quotas.
+      "Colombia is one of the countries that will benefit most
+  from this situation," he said.
+      Recent ICO talks in London failed to break a deadlock over
+  re-introduction of export quotas, suspended in February 1986,
+  and no date has been set for a new meeting on the issue.
+      Arango said that government measures adopted here last
+  week, including a lower export registration price, indicated a
+  major change but also disclosed a welcome pragmatism.
+      "This is the start of a new era in Colombia because world
+  market conditions are also new," he said.
+      The government lowered local taxes for exporters and said
+  the export registration price, or reintegro, will be changed
+  more often in order to closely reflect market trends.
+      Arango said an illustration of Colombia's new attitude was
+  the decision on Friday to open export registrations for an
+  unlimited amount.
+      But he added it did not imply the country would begin heavy
+  selling of coffee.
+      "Our marketing policy is to sell without haste but
+  consistently. No targets for volume will be set. We will react
+  to market factors adequately and Colombia has no intention of
+  giving its coffee away."
+      Colombia's past records should be the basis for upcoming
+  exports, he said.
+      "We will certainly not export seven mln (60-kilo) bags but
+  neither are we going to sell like mad. The trade knows full
+  well what Colombia's export potential is," he said.
+      Colombia, with stockpiles standing at about 10 mln bags,
+  exported a record 11.5 mln bags in the 1985/86 coffee year
+  which ended last September, and 11.3 mln in calendar 1986.
+      Arango did not want to commit himself on export predictions
+  but said that output for the 1986/87 coffee year would not
+  exceed 10.5 mln bags, compared with 12 mln forecast by the
+  National Coffee Growers' Federation and 12.5 mln by the U.S.
+  Department of Agriculture, a figure he said was "ridiculous."
+      He said ageing plantations and rust, in particular in the
+  number one producing province of Antioquia, meant output was
+  likely to fall but that nationwide estimates were rare and
+  oscillated between 9.5 mln and 11.5 mln bags.
+      On the failure of the recent ICO talks, Arango said
+  Colombia understandably felt frustrated at not having managed
+  to force a compromise.
+      Jorge Cardenas, manager of the national federation and head
+  of his nation's delegation in London, has blamed the
+  intransigence of some big countries, without naming them.
+      However, Arango, like Colombian Finance Minister Cesar
+  Gaviria last week, was more explicit and said the United States
+  would undoubtedly be under great political pressure in coming
+  weeks to revise its policy.
+      "Washington will have to take into account that for many
+  countries, and some of its allies for instance in Central
+  America, a sharp fall in coffee export revenue would have
+  far-reaching political and economic consequences."
+      Arango ruled out a fresh Colombian initiative on export
+  quotas saying producers had now to show a common resolve which
+  could emerge from continuous contacts.
+  
+
diff --git a/reuters/training/5472 b/reuters/training/5472
new file mode 100644
index 0000000000000000000000000000000000000000..d33c6e6ae1be71533ea93414657d70778fca0295
--- /dev/null
+++ b/reuters/training/5472
@@ -0,0 +1,31 @@
+BELGIAN GOVERNMENT TO CUT FINANCIAL REQUIREMENT
+  Belgian Prime Minister Wilfried
+  Martens announced to Parliament a plan to reduce the 1987
+  government financing requirement by 20.6 billion francs.
+      He said this will enable the requirement to be held to
+  419.7 billion francs, against the previous government target of
+  417.8 billion, or eight pct of gross national product.
+      Martens said following a lowering of government estimates
+  of 1987 nominal GNP growth and a re-estimation by government
+  departments of 1987 spending, the government calculated that
+  unless action was taken, the requirement would exceed the
+  target by 22.5 billion francs.
+      Martens said the plan involved raising non-fiscal receipts
+  by 5.8 billion francs and reducing spending by 14.3 billion.
+  The remaining 0.5 billion francs will be raised through
+  treasury operations.
+      Martens said the money is being found through a series of
+  small economies and confirmed that it includes the raising of
+  two billion francs through the sale of part of the government's
+  50 pct holding in the gas company Distrigaz.
+      Last year, the government announced a major program
+  designed to cut 1987 spending by 195 billion francs.
+      The program was designed to get Belgium out of what the
+  government said was a "snowball effect" under which the
+  government constantly borrowed more to finance budget deficits
+  which were due largely to the cost of servicing and repaying
+  existing debt.
+      In 1986, the government financing requirement is estimated
+  at 561 billion francs or 11.0 pct of GNP.
+  
+
diff --git a/reuters/training/5473 b/reuters/training/5473
new file mode 100644
index 0000000000000000000000000000000000000000..f76b0ce376b4dd4c4c4dae1c209b5b61ff568021
--- /dev/null
+++ b/reuters/training/5473
@@ -0,0 +1,81 @@
+ROYAL TRUST PLOTS AGGRESSIVE GLOBAL EXPANSION
+  <Royal Trustco Ltd>, in a move unique
+  among Canadian trust companies, is pursuing a bold global
+  expansion that could someday lift the foreign share of its
+  yearly earnings to 50 pct, president Michael Cornelissen said.
+      First Marathon Securities Ltd financial services analyst
+  Michael Walsh said Royal Trust's international growth target is
+  attainable. But it "will be a tremendous achievement because
+  ... they're going to have to build an international earnings
+  base larger than the earnings of a lot of significant domestic
+  trust companies," Walsh said.
+      Global operations, which made up 22 pct of Royal Trust's
+  154 mln dlr 1986 net profit, will post 33 pct profit growth
+  this year against an expected 15 pct jump in total company
+  profit, Cornelissen told Reuters in an interview.
+      He said the foreign share of total profit would rise to 26
+  pct in 1987 and to 44 pct by 1990.
+      Royal Trust, Canada's second largest trust company with
+  assets of about 19.54 billion Canadian dlrs, has operated
+  internationally since 1929 when it opened a London bank.
+      Its aggressive global strategy began in the 1980s, when
+  other Canadian trusts, the equivalent of U.S. savings and
+  loans, were focusing on domestic retail banking.
+      The company's overseas ambitions were whetted by heightened
+  domestic competition and impressive growth at its London bank
+  operations, which attained full British banking powers in 1980,
+  Cornelissen said.
+      Last year, Royal Trust moved into continental Europe and
+  Asia with its 239 mln Canadian dlr acquisition of Dow Chemical
+  Co <DOW>'s Dow Financial Services Corp, which included asset
+  management, merchant and private banking companies.
+      "It was a heaven-sent opportunity," Cornelissen said of the
+  Dow Financial acquisition. "We achieved in one year what would
+  otherwise have taken five to 10 years to set up."
+      Cornelissen stressed that Royal Trust would shun direct
+  competition with major global financial institutions in
+  activities such as international lending and stock brokerage,
+  in order to exploit "profitable niches" overseas in traditional
+  trust activities such as asset management, private banking and
+  advisory services.
+      He said that Royal Trust hoped to complete negotiations
+  "before the end of this month" to sell its London-based Savory
+  Milln brokerage, acquired in the Dow Financial deal.
+      "The international market is so big and we have such a
+  miniscule share of it that growth opportunities are really
+  limited only by our energy and our desire to find more
+  business," he said, adding that in trust-type services, "we
+  don't think the international markets are well-served."
+      Aiding Royal Trust's foreign growth are greater foreign 
+  investment interest in North America and increased Canadian
+  investment abroad, Cornelissen said.
+      Central to Royal Trust's strategy is Asia, boasting rapid
+  economic growth and huge pools of Japanese capital, said
+  Cornelissen, whose company administers assets of 71.85 billion
+  dlrs, more than any other Canadian trust.
+      Citing statistics indicating that by the year 2000, Asia
+  will contain two-thirds of the world's population and 50 pct of
+  global productive capacity, Cornelissen said, "We knew we had
+  to be there." Royal Trust's 14 international locations include
+  offices in Tokyo, Hong Kong and Singapore. The company also
+  recently listed its shares on the Tokyo Stock Exchange.
+      The Royal Trust president said the company was stressing
+  growth within its overseas units, adding he did not foresee any
+  acquisitions in the "immediate future," although "we have our
+  eyes wide open for the right opportunities."
+      Asked about Royal Trust's plans for the U.S., which the
+  company abandoned with the 1983 sale of its Florida bank units,
+  Cornelissen said the company faced a trust services market well
+  covered by hundreds of small regional banks.
+      "That doesn't mean to say we shouldn't be in the U.S.,"
+  said Cornelissen. "That is probably one area that we will
+  probably do something with in the next five years."
+      He said the company would continue to emphasize its home
+  Canadian market, which Cornelissen and financial services
+  analysts agreed would remain vital to Royal Trust.
+      Proposed government regulations to allow Canadian banks,
+  trusts, insurance and securities dealers full participation in
+  one another's actitivies will mean more domestic competition
+  for Royal Trust, "but not drastically more," Cornelissen said.
+  
+
diff --git a/reuters/training/5474 b/reuters/training/5474
new file mode 100644
index 0000000000000000000000000000000000000000..413d634cf27b30710a4cb3ca2a22812ba441dee2
--- /dev/null
+++ b/reuters/training/5474
@@ -0,0 +1,21 @@
+SALOMON RAISES CATERPILLAR <CAT> OPINION
+  Salomon Brothers Inc said it raised
+  its opinion on Caterpillar Inc's stock to an aggressive buy
+  from a hold because of a brighter earnings outlook for 1988.
+      Salomon analyst David Sutliff said in a statement he sees
+  1988 earnings of 3.35 dlrs a share, up from an earlier forecast
+  of three dlrs for the year. The outlook for 1987 remains at
+  2.50 dlrs to three dlrs.
+      Caterpillar's stock was down 1/2 points at 46-1/4.
+      "Although earnings will be poor for the next two quarters,
+  we believe that profits could begin to improve in the second
+  half - perhaps significantly - and should surge sharply through
+  1988 and 1989," he said.
+      Sutliff said improved results should come from four factors
+  - higher prices, improved market share, reduced costs, and
+  improved demand.
+      The higher prices will stick because its Japanese
+  competitor, Komatsu, has had to raise prices because of the
+  increased value of the yen, he said.
+  
+
diff --git a/reuters/training/5475 b/reuters/training/5475
new file mode 100644
index 0000000000000000000000000000000000000000..d0b7d0641804dc86ea2408c5c98abb2cbd07ee9a
--- /dev/null
+++ b/reuters/training/5475
@@ -0,0 +1,12 @@
+ROCKWOOD HOLDING CO <RKWD> 4TH QTR NET
+  Shr profit 78 cts vs loss 38 cts
+      Net profit 3,108,000 vs loss 1,510,000
+      Revs 35.5 mln vs 47.1 mln
+      Year
+      Shr profit 2.42 dlrs vs loss 2.01 dlrs
+      Net profit 9.6 mln vs loss eight mln
+      Revs 157.2 mln vs 182.2 mln
+      NOTE: Includes extraordinary gains of 22 cts per share and
+  36 cts in the fourth quarter and 1986, respectively.
+  
+
diff --git a/reuters/training/5476 b/reuters/training/5476
new file mode 100644
index 0000000000000000000000000000000000000000..ac0e8d61b389cc500d4a14cf135a2ba7dd20a2a8
--- /dev/null
+++ b/reuters/training/5476
@@ -0,0 +1,5 @@
+CANADA PRIME MINISTER SAYS A MAJOR TRADE DEAL EMERGING WITH U.S.
+
+  CANADA PRIME MINISTER SAYS A MAJOR TRADE DEAL EMERGING WITH U.S.
+  
+
diff --git a/reuters/training/5477 b/reuters/training/5477
new file mode 100644
index 0000000000000000000000000000000000000000..fc8ee9fec67036a13e7db9d2bfa8bd2a528f69c3
--- /dev/null
+++ b/reuters/training/5477
@@ -0,0 +1,7 @@
+FORUM <FOUR> ENDS BEVERLY <BEV> PURCHASE DEAL
+  Forum Group Inc said it has
+  terminated its agreement in principle to buy eight retirement
+  living centers in six states from Beverly Enterprises due to a
+  failure to reach a satisfacotry definitive agreement.
+  
+
diff --git a/reuters/training/548 b/reuters/training/548
new file mode 100644
index 0000000000000000000000000000000000000000..62e20d5d5d73915a1da1293a6ff0ff83cf16b355
--- /dev/null
+++ b/reuters/training/548
@@ -0,0 +1,6 @@
+MUTUAL OF OMAHA INTEREST SHARES <MUO> QTLY DIV
+  Qtly div 36 cts vs 36 cts prior
+      Pay April one
+      Record March 13
+  
+
diff --git a/reuters/training/5481 b/reuters/training/5481
new file mode 100644
index 0000000000000000000000000000000000000000..808f4b177c82e1d41f04429e1438944087c3e1dc
--- /dev/null
+++ b/reuters/training/5481
@@ -0,0 +1,15 @@
+SOME 7,000 MINERS GO ON STRIKE IN SOUTH AFRICA
+  Some 7,000 black miners went on
+  strike at South African gold and coal mines, the National Union
+  of Mineworkers (NUM) said.
+      A NUM spokesman said 6,000 workers began an underground
+  sit-in at the Grootvlei gold mine, owned by General Union
+  Mining Corp, to protest the transfer of colleagues to different
+  jobs.
+     He said about 1,000 employees of Anglo American Corp's New
+  Vaal Colliery also downed tools but the reason for the stoppage
+  was not immediately clear. Officials of the two companies were
+  not available for comment and the NUM said it was trying to
+  start negotiations with management.
+  
+
diff --git a/reuters/training/5483 b/reuters/training/5483
new file mode 100644
index 0000000000000000000000000000000000000000..b006b9d96c1310ba00144b2af2acf39d5bda34ad
--- /dev/null
+++ b/reuters/training/5483
@@ -0,0 +1,6 @@
+FBX CORP <FBXC> YEAR NOV 30 NET
+  Shr 11 cts vs three cts
+      Net 313,000 vs 80,000
+      Revs 12.5 mln vs 11.3 mln
+  
+
diff --git a/reuters/training/5485 b/reuters/training/5485
new file mode 100644
index 0000000000000000000000000000000000000000..6a7b5adc103a8bb0452f786969abfe327bfe40bf
--- /dev/null
+++ b/reuters/training/5485
@@ -0,0 +1,34 @@
+U.S. CAPACITY USE RATE 79.8 PCT IN FEBRUARY
+  U.S. factories, mines and utilities
+  operated at 79.8 pct of capacity in February, compared with a
+  revised 79.6 pct in January and December, the Federal reserve
+  Board said.
+      The Fed previously said the rate was 79.7 pct in January
+  and 79.5 pct in December.
+      A surge in automobile assemblies in February and a gain in
+  primary metals production helped raise manufacturing to 80.1
+  pct capacity from 79.9 pct in January.
+      Durables manufacturing increased to 76.8 pct last month
+  from 76.3 pct in January, the Fed said.
+      Nondurable manufacturing eased to 85.2 pct of capacity use
+  from 85.4 pct in January.
+      Last month's rate was down from 80.2 pct in February, 1986.
+      Fabricated metals increased to 81.4 pct in February from
+  81.2 pct in January, while motor vehicles and parts jumped to
+  83.6 pct from 80.0 in January.
+      Primary metals rose to 67.7 pct from 66.7 pct in January.
+      Petroleum products fell to 92.5 pct in February from 94.5
+  pct in January.
+      Capacity utilization for mining rose to 75.3 pct in
+  February from 75.1 pct in January, but was below the February
+  1986 rate of 79.4 pct, the Fed said.
+      The use rate for utilities was up to 80.8 pct last month
+  from 80.4 pct in January.
+      Producers of industrial materials operated at 78.9 pct of
+  capacity, the same as in January and December, but down from
+  the February 1986 rate of 79.6 pct.
+      The Fed said the decline in energy materials use and
+  durables goods materials were the reason for the decline over
+  the past year for producers of industrial materials.
+  
+
diff --git a/reuters/training/5487 b/reuters/training/5487
new file mode 100644
index 0000000000000000000000000000000000000000..a04140190e9edc2b35164ba8d09cb07b581fa60f
--- /dev/null
+++ b/reuters/training/5487
@@ -0,0 +1,13 @@
+UNION VOTES TO STRIKE DAKOTA CITY IBP PLANT
+  The United Food and Commercial Workers
+  union, Local 222 said its members voted Sunday to strike the
+  Iowa Beef Processors Inc Dakota City, Neb., plant, effective
+  Tuesday.
+      The company said it submitted its latest offer to the union
+  at the same time announcing that on Tuesday it would end a
+  lockout that started December 14.
+      Union members unanimously rejected the latest company offer
+  that was submitted to the union late last week, UFCW union
+  spokesman Allen Zack said.
+  
+
diff --git a/reuters/training/5490 b/reuters/training/5490
new file mode 100644
index 0000000000000000000000000000000000000000..c0783aa81c7a5656fd61c46fa939d91817a3501f
--- /dev/null
+++ b/reuters/training/5490
@@ -0,0 +1,5 @@
+ Balladur maintains 1987 2.5 pct inflation target after February 3.4 pct year-on-year
+
+   Balladur maintains 1987 2.5 pct inflation target after February 3.4 pct year-on-year
+  
+
diff --git a/reuters/training/5491 b/reuters/training/5491
new file mode 100644
index 0000000000000000000000000000000000000000..fd8e19ad6a7907419ed1222ba01bd1ecb0984000
--- /dev/null
+++ b/reuters/training/5491
@@ -0,0 +1,11 @@
+CSCE TO PUT ADDITIONAL MARGIN ON JULY COCOA
+  A 250 dlr spot charge will be added to
+  the New York cocoa futures, July delivery, contract starting
+  Wednesday, March 18, the Coffee, Sugar and Cocoa Exchange said.
+      The March delivery ceases trading March 17, making May and
+  July the two nearby unlimited positions. Previously, March and
+  May were unlimited.
+      The margin requirement for a May or July position will be
+  1,000 dlrs--750 dlrs original margin plus 250 dlrs spot fee.
+  
+
diff --git a/reuters/training/5492 b/reuters/training/5492
new file mode 100644
index 0000000000000000000000000000000000000000..f5f196fa709add6e4b99e57df13ff63506ce82e9
--- /dev/null
+++ b/reuters/training/5492
@@ -0,0 +1,6 @@
+<COOPER CANADA LTD> YEAR NET
+  Shr 23 cts vs 42 cts
+      Net 1,387,000 vs 2,532,000
+      Revs 80.5 mln vs 82.6 mln
+  
+
diff --git a/reuters/training/5494 b/reuters/training/5494
new file mode 100644
index 0000000000000000000000000000000000000000..48e6e05aba4b400f6e295a7cc33dad71accdb39d
--- /dev/null
+++ b/reuters/training/5494
@@ -0,0 +1,10 @@
+TAB PRODUCTS CO <TBP> 3RD QTR FEB 28 NET
+  Shr 27 cts vs 22 cts
+      Net 1,866,000 vs 1,476,000
+      Revs 33.0 mln vs 30.3 mln
+      Nine Mths
+      Shr 71 cts vs 57 cts
+      Net 4,828,000 vs 3,857,000
+      Revs 92.0 mln vs 89.0 mln
+  
+
diff --git a/reuters/training/5495 b/reuters/training/5495
new file mode 100644
index 0000000000000000000000000000000000000000..6d4cd88080d69c92b1fbd149686161a60b1b8f67
--- /dev/null
+++ b/reuters/training/5495
@@ -0,0 +1,10 @@
+MARKEL CORP <MAKL> 4TH QTR NET
+  Shr 32 cts vs 18 cts
+      Net 1,200,466 vs 545,670
+      Revs 8.2 mln vs 6.4 mln
+      Year
+      Shr 1.52 dlrs vs 27 cts
+      Net 4,972,683 vs 1,046,460
+      Revs 33.3 mln vs 23 mln
+  
+
diff --git a/reuters/training/5496 b/reuters/training/5496
new file mode 100644
index 0000000000000000000000000000000000000000..e4c5a289680c2ab359533fee39535a455eaf50e6
--- /dev/null
+++ b/reuters/training/5496
@@ -0,0 +1,7 @@
+SCIENCE ACCESSORIES CORP <SEAS> 1ST QTR NET
+  Qtr ends Jan 31
+      Shr two cts vs two cts
+      Net 78,537 vs 72,364
+      Revs 626,942 vs 640,030
+  
+
diff --git a/reuters/training/5498 b/reuters/training/5498
new file mode 100644
index 0000000000000000000000000000000000000000..9648b199899d6b791963de54735cefb73b25e3a4
--- /dev/null
+++ b/reuters/training/5498
@@ -0,0 +1,5 @@
+ French adjusted February trade deficit 400 mln francs vs January deficit 2.5 billion
+
+   French adjusted February trade deficit 400 mln francs vs January deficit 2.5 billion
+  
+
diff --git a/reuters/training/5499 b/reuters/training/5499
new file mode 100644
index 0000000000000000000000000000000000000000..90c654c0048737b2aef6d2517543941bb1d86b93
--- /dev/null
+++ b/reuters/training/5499
@@ -0,0 +1,14 @@
+BIFFEX MEMBERS TO BALLOT ON MERGER
+  Members of the Baltic International
+  Freight Futures Exchange (BIFFEX) are to be balloted at the end
+  of this week on whether it will merge with the London Commodity
+  Exchange or come under a new umbrella of Baltic futures
+  exchanges, a BIFFEX official said.
+      The final decision will be left with the BIFFEX board,
+  which will meet at the end of this month, he said.
+      Last week three exchanges currently trading on the Baltic
+  Exchange, the London Potato Futures Association, the GAFTA Soya
+  Bean Meal Futures Association and the London Meat Futures
+  Exchange, instructed legal advisers to implement a merger.
+  
+
diff --git a/reuters/training/550 b/reuters/training/550
new file mode 100644
index 0000000000000000000000000000000000000000..4a0f7ca9e52a5b2091678242f88d0837e033948d
--- /dev/null
+++ b/reuters/training/550
@@ -0,0 +1,16 @@
+CORRECTED - BANKAMERICA NEGOTIATING UNITS SALE
+  Bank of America NT and SA's <BAC.N>
+  West German branch said it is negotiating the sale of Bankhaus
+  Centrale Credit AG, a small local West German bank it acquired
+  in 1965, and of its West German Visa credit card operation.
+      Michael Seibel, Bank of America vice-president and regional
+  manager, said the negotiations were proceeding well. He
+  declined to give further details.
+      Bank of America's West German branch lost some 32 mln marks
+  in 1985. The result includes profit and loss transfers from
+  Bankhaus Centrale Credit and the Visa organisation. The sale of
+  the units is part of the bank's worldwide restructuring plan.
+  -- corrects year of loss in third paragraph in item which
+  originally ran February 27.
+  
+
diff --git a/reuters/training/5500 b/reuters/training/5500
new file mode 100644
index 0000000000000000000000000000000000000000..02c6edb30554f37223b0c0e9fd1e225ebd08f5f7
--- /dev/null
+++ b/reuters/training/5500
@@ -0,0 +1,11 @@
+MACHINE TECHNOLOGY <MTEC> SEES 2ND QTR LOSS
+  Machine Technology Inc said it
+  expects to report a second quarter loss of 13 to 17 cts per
+  share on sales of about 4,400,000 dlrs.
+      A year earlier, it lost 139,000 dlrs or three cts per share
+  on sales of 4,271,000 dlrs.
+      The company said it booked over six mln dlrs in the quarter
+  and its backlog has risen 35 pct since the end of its fiscal
+  year, leading it to expect improved results in the second half.
+  
+
diff --git a/reuters/training/5501 b/reuters/training/5501
new file mode 100644
index 0000000000000000000000000000000000000000..f47457beee5d1ab69c05f13179f90394df6ae378
--- /dev/null
+++ b/reuters/training/5501
@@ -0,0 +1,12 @@
+DOCUGRAPHIX INC <DOCX> 3RD QTR JAN 31 LOSS
+  Shr loss six cts vs loss 18 cts
+      Net loss 31,896 vs loss 753,518
+      Revs 840,075 vs 716,361
+      Avg shrs 5.45 mln vs 4.17 mln
+      Nine mths
+      Shr loss 25 cts vs loss 55 cts
+      Net loss 1,271,972 vs loss 2,115,662
+      Revs 2,071,676 vs 1,933,562
+      Avg shrs 5.02 mln vs 3.85 mln
+  
+
diff --git a/reuters/training/5502 b/reuters/training/5502
new file mode 100644
index 0000000000000000000000000000000000000000..f9e2bb5f7d1e6ef554a633dbc1d586f46382b9da
--- /dev/null
+++ b/reuters/training/5502
@@ -0,0 +1,6 @@
+NBD BANCORP <NBD> REGULAR DIVIDEND SET
+  Qtly div 30 cts vs 30 cts previously
+      Pay May 11
+      Record April Nine
+  
+
diff --git a/reuters/training/5505 b/reuters/training/5505
new file mode 100644
index 0000000000000000000000000000000000000000..242a7d7369b1407f47d132a396a36957d434100d
--- /dev/null
+++ b/reuters/training/5505
@@ -0,0 +1,14 @@
+TRIANGLE MICROWAVE <TRMW> IN TALKS ON BUYOUT
+  Triangle Microwave Inc said
+  it is involved in talks on its possible purchase by a
+  "substantial U.S. company" it did not identify.
+      Triangle said no agreement has yet been reached and there
+  can be no assurance that one will be reached. Any acquisitioon
+  would be subject to approval by its shareholders and to
+  regulatory filings, it said.
+      Triangle Microwave makes microwave system components and
+  had earnings for the first half ended January 31 of 1,055,000
+  dlrs on sales of 7,292,000 dlrs, up from earnings of 763,000
+  dlrs on sales of 6,034,000 dlrs a year before.
+  
+
diff --git a/reuters/training/5506 b/reuters/training/5506
new file mode 100644
index 0000000000000000000000000000000000000000..fa7a15a2e223b2a70ef9b6a6ea31e4adb5eca8e7
--- /dev/null
+++ b/reuters/training/5506
@@ -0,0 +1,17 @@
+YEUTTER REPEATS RETALIATION THREAT ON EC OIL TAX
+  U.S. Trade Representative Clayton
+  Yeutter said the United States will retaliate if the European
+  Community adopts a proposed tax on vegetable oils, but he did
+  not say what EC products would be singled-out for reprisal.
+      Speaking to the National Grain and Feed Association (NGFA)
+  convention here, Yeutter said he is "cautiously optimistic" the
+  controversial oils tax proposal will be rejected by the EC
+  Council of Ministers.
+      Yeutter said the proposed tax is a "flagrant violation of
+  the spirit of GATT" because it would imperil the zero binding
+  duty on U.S. exports of soybeans to Europe.
+      He said the Reagan administration has yet to decide on a
+  retaliation list. The administration would not reveal a
+  retaliation list unless the EC approved the proposal, he said.
+  
+
diff --git a/reuters/training/5507 b/reuters/training/5507
new file mode 100644
index 0000000000000000000000000000000000000000..f61a719b1f3d02be8d2c14d12e7e20e9691a0e18
--- /dev/null
+++ b/reuters/training/5507
@@ -0,0 +1,41 @@
+CANADA'S MULRONEY SAYS U.S. TRADE DEAL NEARS
+  Prime Minister Brian Mulroney said
+  "significant progress" was being made in trade talks with the
+  United States and a profile of a major deal was emerging.
+      Opening a debate on free trade in the House of Commons,
+  Mulroney said an accord would create thousands of jobs in
+  Canada and bring greater economic prosperity to both countries.
+      Mulroney, who offered few new details of the talks, said
+  that while the negotiations were risky and difficult, "a
+  profile of a major trade deal is now emerging."
+    In a 50-minute address, Mulroney made an often passionate
+  defense of the initiative that he said would give poorer areas
+  of the country a major economic boost.
+      "Because of our trading patterns over a period of decades,
+  we are in the process of building two Canadas -- one that is
+  rich and promising, one that is under-developed and
+  under-employed," said Mulroney.
+      "What we want is to make sure Newfoundlanders and British
+  Columbians and Albertans and others, that they get their
+  chance. They must be given the opportunity to trade their way
+  to prosperity."
+      Few detials have been released on the trade talks which
+  were launched nearly two years ago between the two nations that
+  are each others most important trading partners.
+      Recent published reports in Canada, quoting senior trade
+  sources, said the countries were close to reaching a trade deal
+  and it will involve eliminating border trariffs and many
+  non-tariff barriers over the next 10 to 12 years.
+      It has been reported a key stumbling block in the talks is
+  a Canadian proposal to find a new way to settle trade disputes,
+  something that would give Canada protection from Washington's
+  tough trade remedy laws.
+      But Mulroney, sharply critical of protectionist sentiment
+  in the U.S, said Canada was a "fair trader" and denied the
+  government was pursuing the deal to win unfair access to the
+  American market.
+      He said a trade deal must bring benefits to both sides.
+      "We recognize a good deal must be a fair deal, one that is
+  fair to both sides," Mulroney said.
+  
+
diff --git a/reuters/training/5508 b/reuters/training/5508
new file mode 100644
index 0000000000000000000000000000000000000000..65d42a11e0b4895d2cc0eb58d27706bb92027def
--- /dev/null
+++ b/reuters/training/5508
@@ -0,0 +1,20 @@
+FRANCE REDUCES TRADE DEFICIT IN FEBRUARY
+  France posted a seasonally adjusted trade
+  deficit of 400 mln francs in February after a 2.5 billion franc
+  deficit in January, the Finance Ministry said.
+      For the first two months of this year the trade deficit, on
+  a seasonally adjusted basis, was 2.9 billion francs.
+      Unadjusted, the February deficit was 2.4 billion francs and
+  the two-month cumulative deficit 8.1 billion, the ministry said
+  in a statement.
+      The Ministry said February exports totalled 73.8 billion
+  francs, an 8.9 pct increase on January, while imports totalled
+  74.3 billion francs, an increase of 5.8 pct.
+      Farm and food trade showed a two billion franc surplus
+  after a surplus of 2.4 billion in January.
+      The energy deficit was reduced to 6.5 billion francs from
+  eight billion in January, while industrial trade showed a
+  surplus of 1.4 billion francs against only 800 mln francs in
+  January.
+  
+
diff --git a/reuters/training/551 b/reuters/training/551
new file mode 100644
index 0000000000000000000000000000000000000000..f36ed4838da605a9aede022b1edf4d88fcd09ac9
--- /dev/null
+++ b/reuters/training/551
@@ -0,0 +1,18 @@
+OSR <OSRC> TO MAKE ACQUISITION
+  OSR Corp said it has agreed
+  to acquire the properties and assets of Telcom International
+  Group for 10.5 mln common shares, which would give former
+  Telcom owners an 84 pct interest in the combined company.
+      Telcom is an international film and television distributor.
+   The assets being acquired consist mostly of distribution
+  rights to films valued at over one mln dlrs, the company said.
+      OSR said as part of the acquisition agreement is is
+  required to sell its 80 pct interest in Standard Knickerbocker
+  Ltd, which makes jeans in Canada.
+      OSR said it expects to net about 150,000 dlrs on the sale
+  of Standard Knickerbocker.
+      The company said both transactions are subject to approval
+  by shareholders at a meeting to be held in April or May, it
+  said.
+  
+
diff --git a/reuters/training/5511 b/reuters/training/5511
new file mode 100644
index 0000000000000000000000000000000000000000..95cfe4de80ae2281eebfeeb2d5f5ba5f8221e510
--- /dev/null
+++ b/reuters/training/5511
@@ -0,0 +1,23 @@
+NCR <NCR> SEES GOOD CHANCE FOR RECORD YEAR NET
+  NCR Corp is very optimistic that it will
+  post record revenues and profits for 1987, Charles E. Exley Jr,
+  chairman and president, said.
+      "Much of our considerable optimism about the future is
+  based on the strength of a continuing flow of new products,"
+  Exley told a meeting of securities analysts. "Our current
+  position is the strongest in modern NCR history with
+  new-generation offerings deliverable in every major category
+  this year."
+      For 1986, NCR's earnings rose nine pct, to 3.42 dlrs a
+  share, on sales that increased 13 pct, to 4.9 billion dlrs.
+      During the balance of 1987, Exley said NCR will pay close
+  attention to increasing its penetration of major accounts,
+  expanding its third-party distribution channels and continuing
+  its introduction of new products.
+      "In 1986, new products introduced within the proceding 36
+  months accounted for more than 65 pct of our major equipment
+  order activity," he said.
+      "At the end of two months," he added," I can say we are off
+  to a good start" for 1987.
+  
+
diff --git a/reuters/training/5516 b/reuters/training/5516
new file mode 100644
index 0000000000000000000000000000000000000000..f960f72420e172f68d2a5ef9f2b8a6af5ee1b6e3
--- /dev/null
+++ b/reuters/training/5516
@@ -0,0 +1,32 @@
+EQUITABLE BANC <EBNC> BOSS HAS AMERITRUST STAKE
+  A group controlled by Equitable
+  Bancorp Chairman Alfred Lerner said it has acquired a 9.6 pct
+  stake in AmeriTrust Corp <AMTR> and may buy up to 24.9 pct if
+  obtains regulatory approval.
+      In a filing with the Securities and Exchange Commission,
+  the group said it bought its stake of 2.0 mln Ameritrust common
+  shares, for 81.1 mln dlrs as an investment.
+      But the group, acting through Clevebaco L.P., a Cleveland
+  partnership, also said it would seek regulatory approval to
+  increase its stake. Lerner owns Clevebaco Corp, which is the
+  general partner of Clevebaco L.P.
+      The Lerner group said it filed with the Federal Reserve
+  Board on March 13 notice of its intent to buy more than 10 pct
+  of the common stock of AmeriTrust, a Cleveland bank holding
+  company.
+      If the Fed approves, Lerner, whose Equitable Bancorp is
+  also in Cleveland, said he intends to buy more AmeriTrust
+  stock, subject to market conditions and other factors.
+      Since Lerner heads a bank holding company with assets
+  greater than one billion dlrs, he said he is barred by law from
+  serving as a director or officer of AmeriTrust or of having his
+  representatives on its board.
+      Lerner said he has no intention of influencing AmeriTrust
+  management or its policies.
+      The group said Clevebaco L.P. bought one mln of its shares
+  from Bear, Stearns and Co Inc on March 9 at 41 dlrs a share.
+      Lerner said he accumulated the other one mln shares through
+  March 3 and sold them to Clevebaco L.P., which he controls, on
+  March 10 for 40.10 dlrs a share.
+  
+
diff --git a/reuters/training/5517 b/reuters/training/5517
new file mode 100644
index 0000000000000000000000000000000000000000..f4aeb4ad1c39bbbedc98cba1a1612dbbf0ef6887
--- /dev/null
+++ b/reuters/training/5517
@@ -0,0 +1,13 @@
+AMERICAN SECURITY <ASEC> BUYOUT COMPLETED
+  Maryland National Corp <MDNT> said it
+  has completed the acquisition of American Security Corp in an
+  exchange of 0.81 Maryland share for each of American's 12 mln
+  shares outstanding.
+      The company said the mandatory 30-day review by the U.S.
+  Justice Department was completed today.
+      Maryland National said American Security shareholders will
+  be entitled to receive the 32-1/2 ct per share Maryland
+  National regular quarterly dividend that is payable March 31 to
+  holders of record today.
+  
+
diff --git a/reuters/training/5518 b/reuters/training/5518
new file mode 100644
index 0000000000000000000000000000000000000000..bf514cb512a705a733f2b40c71d6a1493a90f81b
--- /dev/null
+++ b/reuters/training/5518
@@ -0,0 +1,17 @@
+U.S. COULD COMPLAIN TO GATT ON CANADA CORN DUTY
+  U.S. Trade Representative Clayton
+  Yeutter suggested the U.S. could file a formal complaint with
+  the General Agreement on Tariffs and Trade (GATT) challenging
+  Canada's decision to impose duties on U.S. corn imports.
+      Asked about the Canadian government decision to apply a
+  duty of 84.9 cents per bushel on U.S. corn shipments, Yeutter
+  said the U.S. could file a formal complaint with GATT under the
+  dispute settlement procedures of the subsidies code.
+      Other U.S. options would be to appeal the decision in
+  Canadian courts, or to retaliate against Canadian goods, a
+  lower-level U.S. trade official said. However, retaliation is
+  an unlikely step, at least initially, that official said. No
+  decision on U.S. action is expected at least until after
+  documents on the ruling are received here later this week.
+  
+
diff --git a/reuters/training/552 b/reuters/training/552
new file mode 100644
index 0000000000000000000000000000000000000000..a98db05484122609999baf87f1623c7d51626246
--- /dev/null
+++ b/reuters/training/552
@@ -0,0 +1,9 @@
+MERCURY ENTERTAINMENT <MCRY> SEES BETTER RESULTS
+  Mercury Entertainment Corp said it
+  expects improved results in 1987.
+      The company today reported a loss for the year ended
+  November 30 of 413,021 dlrs on revenues of 600,971 dlrs,
+  compared with a loss of 163,932 dlrs on revenues of 665,800
+  dlrs a year before.
+  
+
diff --git a/reuters/training/5520 b/reuters/training/5520
new file mode 100644
index 0000000000000000000000000000000000000000..09810a855b30780ed18f16e5eadd0b58c6cf72c5
--- /dev/null
+++ b/reuters/training/5520
@@ -0,0 +1,13 @@
+RAINIER <RBAN> COMPLETES ACQUISITION
+  Rainier Bancorp said it completed the
+  acquisition of Tacoma, Wash.-based United Bank, for 59 mln dlrs
+  worth of Rainier stock.
+      United, a savings bank with 607 mln dlrs in assets and 23
+  offices, will operate as a wholly-owned subsidiary, Rainier
+  said.
+      Rainier, which last month agreed to merge with Security
+  Pacific Corp <SPC>, said the United acquisition will increase
+  its assets to 9.8 billion dlrs from the 9.2 billion reported at
+  the end of 1986.
+  
+
diff --git a/reuters/training/5522 b/reuters/training/5522
new file mode 100644
index 0000000000000000000000000000000000000000..6f68c185b223ac15b5b5bc4dc226a0d245fa2876
--- /dev/null
+++ b/reuters/training/5522
@@ -0,0 +1,6 @@
+FRANKLIN RESOURCES INC <BEN> SETS QUARTERLY
+  Qtly div six cts vs six cts prior
+      Pay April 10
+      Record March 27
+  
+
diff --git a/reuters/training/5523 b/reuters/training/5523
new file mode 100644
index 0000000000000000000000000000000000000000..2fe4ca1ea3f3038d44106ed07c5d890143a3f514
--- /dev/null
+++ b/reuters/training/5523
@@ -0,0 +1,22 @@
+BALLADUR MAINTAINS 1987 FRENCH INFLATION TARGET
+  Finance Minister Edouard Balladur said he
+  was maintaining his 2.5 pct inflation target for 1987 after the
+  announcement earlier today of a 3.4 pct year-on-year rise in
+  retail prices for February.
+      He told a radio interviewer he saw no reason to revise his
+  target for 1987 after the February monthly result of between
+  0.1 to O.2 pct, following a 0.9 pct rise in January (three pct
+  year on year) that forced the government to revise an earlier
+  target of two pct to a current 2.5 pct.
+      He said he was happy with "a good result" for February but
+  stressed a need for continued "vigilance" against inflation.
+      A Finance Ministry statement said the year-on-year
+  differential between French and lower West German inflation
+  rates, calculated on the last three months, had narrowed in
+  February to two to 2.3 pct compared to 2.7 pct in January.
+      If calculated on the last 12 months, the differential came
+  to 3.9 pct, the statement said, adding "The tendency is
+  therefore one of a lessening of the inflation gap with our main
+  trading partner."
+  
+
diff --git a/reuters/training/5525 b/reuters/training/5525
new file mode 100644
index 0000000000000000000000000000000000000000..c83cfd1fc4f149859380a13b19b0e7ba321b46e0
--- /dev/null
+++ b/reuters/training/5525
@@ -0,0 +1,21 @@
+GENERAL CINEMA <GCN> SEES FLAT 1987 NET
+  General Cinema Corp said it expects
+  flat net income for fiscal 1987 ending Oct. 31 against 125.8
+  mln dlrs or 3.43 dlrs a share a year ago.
+      The company said the costs of a restructuring at its Carter
+  Hawley Hale Stores Inc unit and the previous purchase of an 8.5
+  pct stake in <Cadbury Schweppes PLC> will lead to the flat net
+  figure.
+      It also said it may raise its stake in Cadbury Schweppes to
+  25 pct, but has not made any additional stock purchases so far.
+      According to the restructuring, Carter Hawley plans to
+  spin-off its specialty stores, including Neiman-Marcus,
+  Bergdorf Goodman and Contempo Casuals, into a new company named
+  <Neiman-Marcus Group>, whose shares will trade on the New York
+  Stock Exchange, it said.
+      As previously announced, General Cinema will own 60 pct of
+  the equity and 40 pct of the voting shares in the new company.
+  The restructuring is subject to approval by Carter Hawley
+  shareholders.
+  
+
diff --git a/reuters/training/5526 b/reuters/training/5526
new file mode 100644
index 0000000000000000000000000000000000000000..a281c94e0ccb93ebef5c717f7402f6a3a697a182
--- /dev/null
+++ b/reuters/training/5526
@@ -0,0 +1,20 @@
+LEVON RESOURCES <LVNVF> GOLD ASSAYS IMPROVED
+  Levon Resources Ltd
+  said re-checked gold assays from the Howard tunnel on its
+  Congress, British Columbia property yielded higher gold grades
+  than those reported in January and February.
+      It said assays from zone one averaged 0.809 ounces of gold
+  a ton over a 40 foot section with an average width of 6.26
+  feet. Levon previously reported the zone averaged 0.226 ounces
+  of gold a ton over a 40 foot section with average width of 5.16
+  feet. Levon said re-checked assays from zone two averaged 0.693
+  ounces of gold a ton over a 123 foot section with average width
+  of 4.66 feet.
+      Levon Resources said the revised zone two assays compared
+  to previously reported averages of 0.545 ounces of gold a ton
+  over a 103 foot section with average width of 4.302 feet.
+      The company also said it intersected another vein 90 feet
+  west of zone two, which assayed 0.531 ounces of gold a ton
+  across a width of 3.87 feet.
+  
+
diff --git a/reuters/training/5528 b/reuters/training/5528
new file mode 100644
index 0000000000000000000000000000000000000000..e686bc37b4c2b29821bc42d2f01e83751a55c0f9
--- /dev/null
+++ b/reuters/training/5528
@@ -0,0 +1,6 @@
+<TEECO PROPERTIES LP> SETS CASH DISTRIBUTION
+  Qtly distribution 10 cts per unit vs 10 cts prior
+      Pay April 20
+      Record March 31
+  
+
diff --git a/reuters/training/553 b/reuters/training/553
new file mode 100644
index 0000000000000000000000000000000000000000..b66d996ee9c53ee36d8dbacebe700ad7f883303d
--- /dev/null
+++ b/reuters/training/553
@@ -0,0 +1,11 @@
+CRONUS INDUSTRIES INC <CRNS> SELLS UNIT
+  Cronus Industries Inc said it agreed to
+  sell its heat transfer equipment business, Southwestern
+  Engineering Co, for a slight premium over book value, plus a
+  release of Cronus from liability on approximately three mln
+  dlrs of subsidiary indebtedness.
+      The company said the sale to a subsidiary of Senior
+  Engineering Group PLC, a British company, will take place this
+  month.
+  
+
diff --git a/reuters/training/5530 b/reuters/training/5530
new file mode 100644
index 0000000000000000000000000000000000000000..421987e927a6d2a9399091b7e39a00b27e5ec3e7
--- /dev/null
+++ b/reuters/training/5530
@@ -0,0 +1,10 @@
+<RADIX VENTURES INC> 2ND QTR JAN 31 LOSS
+  Shr loss three cts vs loss 12 cts
+      Net loss 25,836 vs loss 88,819
+      Revs 50.3 mln vs 45.2 mln
+      Six mths
+      Shr profit nil vs loss 18 cts
+      Net profit 2,843 vs loss 137,653
+      Revs 109.3 mln vs 99.3 mln
+  
+
diff --git a/reuters/training/5531 b/reuters/training/5531
new file mode 100644
index 0000000000000000000000000000000000000000..39a2e5b5942a39c9ba7f3a54c5bf0d08f67af0ea
--- /dev/null
+++ b/reuters/training/5531
@@ -0,0 +1,16 @@
+TRADE SEES STEADY CORN/WHEAT EXPORT INSPECTIONS
+  The USDA's weekly export inspection
+  report is expected to show steady corn and wheat exports and
+  lower soybean exports, according to CBT floor traders'
+  forecasts.
+      Traders projected soybean exports at 16 mln to 18 mln
+  bushels, down from 18.6 mln bushels a week ago and 20.3 mln
+  bushels a year ago.
+      Corn guesses ranged from 22 mln to 26 mln bushels, compared
+  with 25.2 mln bushels a week ago and 22.4 million bushels a
+  year ago.
+      Wheat guesses ranged from 13 mln to 17 mln bushels,
+  compared with 16.8 mln bushels a week ago and 13.4 mln bushels
+  a year ago.
+  
+
diff --git a/reuters/training/5532 b/reuters/training/5532
new file mode 100644
index 0000000000000000000000000000000000000000..f6b024d38d4f3aad4c4a1c89f3a7a1f41d9fa30c
--- /dev/null
+++ b/reuters/training/5532
@@ -0,0 +1,9 @@
+ADOBE SYSTEMS INC <ADBE> 1ST QTR FEB 28 NET
+  Shr 15 cts vs six cts
+      Net 1,410,000 vs 550,000
+      Revs 6,901,000 vs 2,392,000
+      Avg shrs 10,326,000 vs 9,064,000
+      Note:  Prior qtr per share figure adjusted for two-for-one
+  stock split of February 27.
+  
+
diff --git a/reuters/training/5533 b/reuters/training/5533
new file mode 100644
index 0000000000000000000000000000000000000000..185cf3b5e05b566f11f8ada2f2ccf04cb0489e86
--- /dev/null
+++ b/reuters/training/5533
@@ -0,0 +1,10 @@
+ARMTEK <ARM> COMPLETES SALE OF ASSETS
+  Armtek Corp, formerly
+  Armstrong Rubber Co, completed the previously announced sale of
+  its Natchez, Miss., tire plant and other assets to <Condere
+  Corp>, Condere said.
+      Condere, formed to acquire the Armstrong assets, said it
+  named Dennis Terwillger, formerly vice president and controller
+  of Armstrong's Tire Division, president.
+  
+
diff --git a/reuters/training/5535 b/reuters/training/5535
new file mode 100644
index 0000000000000000000000000000000000000000..bb657f1e1ca1b908979efa90dde806d8444b2399
--- /dev/null
+++ b/reuters/training/5535
@@ -0,0 +1,6 @@
+202 DATA SYSTEMS INC <TOOT> 1ST QTR JAN 31 NET
+  Shr three cts vs four cts
+      Net 101,376 vs 125,922
+      Revs 568,884 vs 494,227
+  
+
diff --git a/reuters/training/5537 b/reuters/training/5537
new file mode 100644
index 0000000000000000000000000000000000000000..499aec3630114fa733f853e450e2d09bf9456bbe
--- /dev/null
+++ b/reuters/training/5537
@@ -0,0 +1,9 @@
+VISHAY <VSH> SETS TWO PCT STOCK DIVIDEND
+  Vishay Intertechnology Inc said
+  its board declared a two pct stock dividend, payable April 10
+  to holders of record on March 26.
+      The company said the stock dividend will be paid only to
+  holders of commons tock who do not exchange for Class B stock
+  in Vishay's current exchange offer, which expires March 25.
+  
+
diff --git a/reuters/training/5538 b/reuters/training/5538
new file mode 100644
index 0000000000000000000000000000000000000000..ba209ed820da9d995c3adb45b8f62d5de711ef4f
--- /dev/null
+++ b/reuters/training/5538
@@ -0,0 +1,8 @@
+<ONYX PETROLEUM EXPLORATION CO LTD> YEAR LOSS
+  Shr loss 2.82 dlrs vs profit 35 cts
+      Net loss 10,556,478 vs profit 1,286,341
+      Revs 6,202,157 vs 7,641,290
+      Note: 1986 shr and net after 10,282,353 dlr writedown on
+  oil and gas property values
+  
+
diff --git a/reuters/training/554 b/reuters/training/554
new file mode 100644
index 0000000000000000000000000000000000000000..0198579c26bd3458dacc51717eef9c1119c6f9c6
--- /dev/null
+++ b/reuters/training/554
@@ -0,0 +1,6 @@
+UNISYS CORP <UIS> SETS QUARTERLY
+  Qtly div 65 cts vs 65 cts prior
+      Pay May Seven
+      Record April Seven
+  
+
diff --git a/reuters/training/5540 b/reuters/training/5540
new file mode 100644
index 0000000000000000000000000000000000000000..e07af85ea89e9e7285def20c2034388721b9a8f0
--- /dev/null
+++ b/reuters/training/5540
@@ -0,0 +1,8 @@
+INTEGRATED CIRCUITS <ICTM> SETS RECORD DATE
+  Integrated Circuits Inc said it
+  set March 17 as the record date for its previously announced 10
+  pct stock dividend.
+      The company said it will distribute the dividend on March
+  31.
+  
+
diff --git a/reuters/training/5541 b/reuters/training/5541
new file mode 100644
index 0000000000000000000000000000000000000000..1e1b884c0767f004304d8dea2af14077ae4a8601
--- /dev/null
+++ b/reuters/training/5541
@@ -0,0 +1,19 @@
+BP <BP> UNIT SEES MINE PROCEEDING
+  British Petroleum Co PLC said based on
+  a feasibility report from <Ridgeway Mining Co>, its joint
+  venture Ridgeway Project in South Carolina could start
+  commercial gold production by mid-1988.
+      The company said the mine would produce at an approximate
+  rate of 158,000 ounces of gold per year over the first four
+  full years of operation from 1989 through 1992 and at an
+  average of 133,000 ounces a year over the full projected
+  11-year life of the mine.
+      BP's partner in the venture is Galactic Resources Ltd
+  <GALCF> of Toronto.
+      The company said subject to receipt of all statutory
+  permits, finalization of financing arrangements and management
+  and joint venture review, construction of a 15,000 short ton
+  per day processing facility can start.  Capital costs to bring
+  the mine into production are estimated at 76 mln dlrs.
+  
+
diff --git a/reuters/training/5542 b/reuters/training/5542
new file mode 100644
index 0000000000000000000000000000000000000000..759c7b05aa1e902afa2994408c1c39a1368c8833
--- /dev/null
+++ b/reuters/training/5542
@@ -0,0 +1,55 @@
+NORWAY APPROVES TRADE BAN AGAINST SOUTH AFRICA
+  Norway's parliament has approved an
+  extensive trade ban against South Africa but left shipowners a
+  key loophole through which controversial oil shipments on
+  Norwegian tankers may continue, government officials said.
+      The unilateral boycott, proposed by Norway's minority
+  Labour government, gives domestic companies until late
+  September to cut remaining trade ties with South Africa and
+  Namibia.
+      "The legislation discussed today must not be seen as an
+  isolated measure, but as a step in an international process,"
+  Norway's foreign minister Thorvald Stoltenberg told parliament.
+      Government officials said they hope the move will intensify
+  international pressure against the Pretoria regime's apartheid
+  policies. Sweden, in a similar move last week, promised to halt
+  all trade with South Africa by October.
+      Norway's boycott, although forbidding crude oil shipments
+  to South Africa on Norwegian-owned tankers, makes an important
+  exception for ships whose final destination is decided while
+  they are at sea.
+      Oil cargoes are often resold by trades after loading,
+  making it difficult for shipowners to know their ships' final
+  port at the start of a voyage.
+      Critics said the bill leaves the door open for continued
+  oil shipments to South Africa. They called for stricter
+  sanctions to stop all Norwegian shipping to South Africa.
+      Norwegian tankers supplied South Africa with about 30 pct
+  of its crude imports during the early 1980s, but the trade has
+  dropped sharply to just one cargo in the last three months,
+  trade ministry officials said.
+      The latest trade figures show Norwegian imports from South
+  Africa dropped 36 pct to 160 mln crowns during the first eight
+  months of 1986, while exports plunged 52 pct to 265 mln crowns
+  from the year-ago figure.
+      "Many would say that the law has already had its effect
+  because of the dramatic drop in trade between South African and
+  Norway," Foreign Ministry spokesman Per Paust told Reuters.
+      "Norwegian business at an early stage started restructuring
+  its relations with South Africa in anticipation of the law.
+      "No one has said the boycott will have a profound effect on
+  international trade with South Africa, but it is an important
+  political statement by the Norwegian government," he said.
+      The Oslo government said it will review the effects of the
+  ban on Norwegian industry after two years and may propose
+  amendments if industry can show it is hurt by the law.
+      Norwegian imports from South Africa are limited mainly to
+  high-grade manganese and coppernickle ores used in it
+  ferro-alloys and light metals industries.
+      Metals manufacturers estimate some 2,000 jobs could be
+  affected by the boycott is suitable replacements for these ores
+  are not found.
+      The legislation now goes on to the upper house for formal
+  ratification later this week, parliamentarians said.
+  
+
diff --git a/reuters/training/5543 b/reuters/training/5543
new file mode 100644
index 0000000000000000000000000000000000000000..aeb9412b2870f0ee86b4fb3a84d5b94ec7b8b054
--- /dev/null
+++ b/reuters/training/5543
@@ -0,0 +1,18 @@
+MSA REALTY CORP <SSS> 4TH QTR NET
+  Shr profit four cts vs loss two cts
+      Net profit 247,970 vs loss 57,341
+      Revs 2,393,622 vs 2,627,612
+      Avg shrs 5,958,432 vs 2,440,100
+      Year
+      Shr profit 71 cts vs loss 35 cts
+      Net profit 3,213,310 vs loss 849,180
+      Revs 14.6 mln vs 9,099,767
+      Avg shrs 6,177,666 vs 2,440,083
+      NOTE: 1986 4th qtr and yr net includes a loss of 85,000
+  dlrs and a gain of 250,000 dlrs, respecitvely, for
+  extraordinary item.
+      1986 net assumes all warrants exercised for the 2nd qtr
+  only. The adjustment to second quarter income for earnings per
+  share was 1,175,000 dlrs.
+  
+
diff --git a/reuters/training/5544 b/reuters/training/5544
new file mode 100644
index 0000000000000000000000000000000000000000..5f1795d1f8dd0fc32f844c1466166d686aa4f467
--- /dev/null
+++ b/reuters/training/5544
@@ -0,0 +1,16 @@
+LEAR PETROLEUM PARTNERS LP <LPP> 4TH QTR LOSS
+  Oper shr loss nil vs loss nil
+      Oper net loss 112,000 vs loss 125,000
+      Revs nil vs nil
+      Avg shrs 26.7 mln vs 21.9 mln
+      Year
+      Oper shr loss two cts vs loss two cts
+      Oper net loss 450,000 vs loss 503,000
+      Revs nil vs nil
+      Avg shrs 24.8 mln vs 20.8 mln
+      NOTE: Net excludes losses from discontinued oil and natural
+  gas operations of 44.7 mln dlrs vs 9,489,000 dlrs in quarter
+  and 92.3 mln dlrs vs 80.7 mln dlrs in year.  Company sold all
+  its operations at the end of 1986.
+  
+
diff --git a/reuters/training/5545 b/reuters/training/5545
new file mode 100644
index 0000000000000000000000000000000000000000..fc0579ecaa8e633e5cda3f48827eab225b9dccfa
--- /dev/null
+++ b/reuters/training/5545
@@ -0,0 +1,6 @@
+WESTRONIC INC <WSTX> YEAR LOSS
+  Shr loss 1.13 dlr vs loss 2.04 dlrs
+      Net loss 3,674,000 vs loss 3,016,000
+      Revs 2,894,000 vs 1,464,000
+  
+
diff --git a/reuters/training/5546 b/reuters/training/5546
new file mode 100644
index 0000000000000000000000000000000000000000..4096862fdef2bd20c881418dfa4d86a1c4df17b9
--- /dev/null
+++ b/reuters/training/5546
@@ -0,0 +1,6 @@
+KENAN TRANSPORT CO <KTCO> SETS QUARTERLY
+  Qtly div four cts vs four cts prior
+      Pay April 15
+      Record March 31
+  
+
diff --git a/reuters/training/5549 b/reuters/training/5549
new file mode 100644
index 0000000000000000000000000000000000000000..7719787612f0fd1ffb764386c9d02e318549dd15
--- /dev/null
+++ b/reuters/training/5549
@@ -0,0 +1,5 @@
+GENCORP 1ST QTR SHR 77 CTS VS 84 CTS
+
+  GENCORP 1ST QTR SHR 77 CTS VS 84 CTS
+  
+
diff --git a/reuters/training/555 b/reuters/training/555
new file mode 100644
index 0000000000000000000000000000000000000000..6b754ad88a88e1da980db837752e598820dacb21
--- /dev/null
+++ b/reuters/training/555
@@ -0,0 +1,11 @@
+JACOBSON <JCBS> VOTES SPLIT, INCREASES PAYOUT
+  Jacobson Stores Inc said its
+  board voted a three-for-two stock split, payble March 30,
+  record March 13.
+      In other action, Jacobson's directors approved an increase
+  in its quarterly dividend to 11 cts on a post split basis
+  payable April 14, record March 30.
+      The new dividend rate represents a 32 pct increase over the
+  12-1/2 cts paid quarterly on a pre-split basis.
+  
+
diff --git a/reuters/training/5553 b/reuters/training/5553
new file mode 100644
index 0000000000000000000000000000000000000000..2cfccb61b45be795756249ebdaa5d0e7876721b0
--- /dev/null
+++ b/reuters/training/5553
@@ -0,0 +1,7 @@
+GOTAAS-LARSEN <GOTLF> TO BUILD FIFTH CARRIER
+  Gotaas-Larsen Shipping Corp
+  said it had exercised an option to build a fifth in a series of
+  crude oil carriers to be constructed by <Daewoo Shipbuilding
+  and Heavy Machinery Ltd> in South Korea.
+  
+
diff --git a/reuters/training/5554 b/reuters/training/5554
new file mode 100644
index 0000000000000000000000000000000000000000..b81e3c5adc2813d53942d28c4bed3760b7a4762d
--- /dev/null
+++ b/reuters/training/5554
@@ -0,0 +1,36 @@
+DANISH CREDIT DOWNGRADING NOT DRAMATIC - MINISTER
+  Finance Minister Palle Simonsen said
+  today's downgrading of Denmark's credit rating by Standard and
+  Poor's Corp should not be over-dramatised.
+      Standard and Poor's said it had downgraded the Kingdom of
+  Denmark's long-term external debt to AA from AA-Plus, following
+  the country's loss of the top AAA rating in January 1983.
+      "This change is regrettable but there is no reason to
+  dramatise. This is a change of nuance. Standard and Poor's
+  defines the AA category as only slightly different from the top
+  AAA rating," Simonsen said in a statement.
+      "The direct effect of the lower rating on our borrowing
+  capability is unlikely to be very great. But if, against
+  expectation, we fail to reduce permanently the external account
+  deficit... This will inevitably affect borrowing terms and
+  capability," he added.
+      "Standard & Poor's has noted that in 1986 there was a series
+  of austerity measures designed particularly to cut lending and
+  encourage saving. Tax reforms have also gone into effect.
+      "If and when it becomes necessary, the government will be
+  ready to take any necessary economic and political initiatives
+  as it has in the past," Simonsen said.
+     Standard and Poor's said weaker international
+  competitiveness in the face of rising labour costs would mean a
+  deteriorating current account balance and a rise in external
+  debt.
+      The external current account deficit rose to a record
+  preliminary 34.5 billion crowns in 1986 from 29.1 billion in
+  1985, bringing total foreign debt to 265 billion crowns,
+  according to government statistics.
+      Government economists forecast that the external current
+  account deficit will fall to 19 billion crowns this year.
+      Denmark's net foreign debt rose to 129 pct of total exports
+  in 1986 from 83 pct in 1983, S and P said.
+  
+
diff --git a/reuters/training/5555 b/reuters/training/5555
new file mode 100644
index 0000000000000000000000000000000000000000..cb562d4710d8e084857c74d8c13a16fe11df3145
--- /dev/null
+++ b/reuters/training/5555
@@ -0,0 +1,7 @@
+MAGNETIC TECHNOLOGIES CORP <MTCC> 1ST HALF NET
+  Jan 31 end
+      Shr not given
+      Net profit 105,013 vs loss 745,641
+      Sales 3,661,565 vs 2,810,132
+  
+
diff --git a/reuters/training/5556 b/reuters/training/5556
new file mode 100644
index 0000000000000000000000000000000000000000..b8fcabd354849ba24bee043e4bc55e030c1ede81
--- /dev/null
+++ b/reuters/training/5556
@@ -0,0 +1,6 @@
+GENCORP <GY> 1ST QTR FEB 28 NET
+  Shr 77 cts vs 84 cts
+      Net 17 mln vs 19 mln
+      Sales 650 mln vs 614 mln
+  
+
diff --git a/reuters/training/5558 b/reuters/training/5558
new file mode 100644
index 0000000000000000000000000000000000000000..5c42eaf96e10d4e08620a15f971f3a1a5426d7d1
--- /dev/null
+++ b/reuters/training/5558
@@ -0,0 +1,17 @@
+BP UNIT SEES U.S. GOLD MINE PROCEEDING
+  British Petroleum Co PLC said based on
+  a feasibility report from Ridgeway Mining Co, its joint venture
+  Ridgeway Project in South Carolina could start commercial gold
+  production by mid-1988.
+      The company said the mine would produce approximately
+  158,000 ounces of gold per year over the first four full years
+  of operation from 1989 through 1992 and at an average 133,000
+  ounces a year over the full projected 11 year life of the mine.
+      BP's partner is Galactic Resources Ltd of Toronto.
+      BP said subject to receipt of all statutory permits,
+  finalization of financing arrangements and management and joint
+  venture review, construction of a 15,000 short ton per day
+  processing facility can start. Capital costs to bring the mine
+  into production are estimated at 76 mln dlrs.
+  
+
diff --git a/reuters/training/5559 b/reuters/training/5559
new file mode 100644
index 0000000000000000000000000000000000000000..fbbd6c09d2b5c828a4f412feaa3464c135586824
--- /dev/null
+++ b/reuters/training/5559
@@ -0,0 +1,14 @@
+SAFETY-KLEEN <SK> TO BUY STAKE IN OIL REFINER
+  Safety-Kleen Corp said it has
+  tentatively agreed to buy an 80 pct stake in Breslube
+  Enterprises of Toronto for 14 mln dlrs in stock, cash and
+  equipment.
+      Price includes 14 mln dlrs of Safety-Kleen common stock,
+  cash and a rerefining plant owned by Safety-Kleen. Closing of
+  the deal is expected by May.
+      Breslube is a leading rerefiner of used lubricating oils in
+  North America, collecting used oils from auto garages, car
+  dealers and other businesses. In 1986 it refined 20 mln gallons
+  of used oil.
+  
+
diff --git a/reuters/training/5561 b/reuters/training/5561
new file mode 100644
index 0000000000000000000000000000000000000000..4a1978e4fee11413beb439705f64540b6ad4fc2f
--- /dev/null
+++ b/reuters/training/5561
@@ -0,0 +1,82 @@
+TRADE INTERESTS READY FOR BATTLE IN U.S. HOUSE
+  U.S. lawmakers are gearing up for a
+  showdown between protectionists and free traders as a major
+  trade bill winds its way through committees to a vote by the
+  full House of Representatives in late April.
+      In a move to toughen U.S. enforcement of trade laws, a key
+  House subcommittee last week approved a toned-down version of
+  legislation to require President Reagan to retaliate against
+  foreign countries that follow unfair trade practices.
+      The bill will be the cornerstone of congressional efforts
+  to restore competitiveness of American industries and turn
+  around last year's record 169 billion dlrs trade deficit.
+      Generally, the bill's provisions toughen U.S. enforcement
+  of trade laws.
+      The trade bill forces the administration to act rapidly on
+  complaints of unfair trade practices, such as dumping products
+  in the United States at prices below cost of production. It
+  also forces the administration to act rapidly when an industry
+  complains that a surge in imports threatens its existence.
+      In writing the bill, the subcommittee rejected calls for
+  trade relief for specific industries such as textiles.
+      Several lawmakers have argued the new trade bill made too
+  many concessions to Reagan and said they intend to back
+  amendments to "get tough" with countries that violate trade
+  agreements or keep out U.S. products.
+      But congressmen known for their allegiance to free trade
+  said the bill ties Reagan's hands too much in trade disputes
+  and they will seek to restore his negotiating powers.
+      Bill Frenzel, R-MI., said the subcommittee's bill was not
+  one "that a free trader like me could endorse in all respects,"
+  but he emphasized there was a consensus among lawmakers to work
+  toward a bill Reagan and Republicans would ultimately endorse.
+      The goal of trade legislation was "to make our trade policy
+  stronger without violating our international trade agreements,"
+  he said.
+      In a key concession made at the urging of Ways and Means
+  Committee chairman Dan Rostenkowski, D-IL., the trade
+  subcommittee backed off a requirement that would have forced
+  Reagan to impose automatically quotas or tariffs on imports
+  from countries that engage in unfair trade practices.
+      It also agreed the president may waive any retaliation if
+  it would hurt the U.S. economy.
+      Rostenkowski insisted the more moderate approach was
+  necessary if the House wanted to pass a bill Reagan would sign
+  into law.
+      Reagan last year blocked Senate consideration of a tough
+  House trade bill he branded as protectionist and this year he
+  only reluctantly agreed to support a trade bill when he saw
+  Democratic leaders were determined to pass such legislation.
+      White House spokesman Marlin Fitzwater told reporters late
+  last week that the administration still did not like some of
+  the bill's provisions, but he added, "Generally we feel very
+  good about the bipartisan consideration of the trade
+  legislation. I think we are progressing very well."
+      The first battle will take place next week when the full
+  House Ways and Means Committee considers an amendment by Rep.
+  Richard Gephardt, D-MO., to force countries like Japan, South
+  Korea and Taiwan to cut their trade surpluses with the U.S.
+      The subcommittee limited the Gephardt plan to provide only
+  that the existence of a large trade surplus with the United
+  States will trigger an investigation of unfair trade practices,
+  but would not automatically set off retaliation.
+      Organized labor has pressed lawmakers for more relief from
+  imports where jobs have been lost to foreign competition.
+      AFL-CIO president Lane Kirkland this year angered the
+  administration when he said any trade bill Reagan would sign
+  would not be worth passage in Congress.
+      But Rostenkowski set the tone of the trade debate by
+  saying, "I'm not trying to write legislation to please Lane
+  Kirkland. I'm trying to write legislation that will be signed
+  by the president."
+      Rep. Ed Jenkins (D-GA.) intends to push separately a bill
+  to protect the domestic textile and shoe industry, an aide
+  said. Reagan vetoed a similar measure last year.
+      House Speaker Jim Wright of Texas, one of the most
+  influential proponents of aid for specific industries beset by
+  low-priced foreign competition, last week renewed his call for
+  import relief for the domestic oil industry and announced his
+  support for a Senate plan to trigger a temporary oil import
+  tariff when imports reach half of domestic consumption.
+  
+
diff --git a/reuters/training/5563 b/reuters/training/5563
new file mode 100644
index 0000000000000000000000000000000000000000..de73d75f7d7bead804aa8b89ce60dec599a605ca
--- /dev/null
+++ b/reuters/training/5563
@@ -0,0 +1,12 @@
+MAGNETIC TECHNOLOGIES <MTCC> SEES IMPROVEMENT
+  Magnetic Technologies Corp said
+  it expects the second half to show continued growth in earnings
+  and sales.
+      The company today reported a profit for the first half
+  ended January 31 of 105,013 dlrs, compared with a year-earlier
+  loss of 745,641 dlrs, on sales of 3,661,565 dlrs, up from
+  2,810,132 dlrs.  In all of last year, Magnetic earned 996,000
+  dlrs after a loss from discontinued operations of 359,000 dlrs,
+  on sales of 6,084,000 dlrs.
+  
+
diff --git a/reuters/training/5564 b/reuters/training/5564
new file mode 100644
index 0000000000000000000000000000000000000000..7aff61a2a265107f98904738e13a4740f58e3374
--- /dev/null
+++ b/reuters/training/5564
@@ -0,0 +1,15 @@
+LEVON RESOURCES REPORTS IMPROVED GOLD ASSAYS
+  Levon Resources Ltd
+  said re-checked gold assays from the Howard tunnel on its
+  Congress, British Columbia property yielded higher gold grades
+  than those reported in January and February.
+      It said assays from zone one averaged 0.809 ounces of gold
+  a ton. Levon previously reported the zone averaged 0.226 ounces
+  of gold a ton. Levon said re-checked assays from zone two
+  averaged 0.693 ounces of gold a ton.
+      Levon Resources said the revised zone two assays compared
+  to previously reported averages of 0.545 ounces of gold a ton.
+      The company also said it intersected another vein 90 feet
+  west of zone two, which assayed 0.531 ounces of gold a ton.
+  
+
diff --git a/reuters/training/5565 b/reuters/training/5565
new file mode 100644
index 0000000000000000000000000000000000000000..9ead6721e15d6f350cb83d2d8894bede06431584
--- /dev/null
+++ b/reuters/training/5565
@@ -0,0 +1,12 @@
+WELBILT CORP <WELB> 4TH QTR NET
+  Shr 58 cts vs 54 cts
+      Net 3,144,000 vs 2,464,000
+      Revs 54.6 mln vs 38.6 mln
+      Avg shrs 5,394,000 vs 4,602,000
+      Year
+      Shr 2.03 dlrs vs 1.76 dlrs
+      Net 10.5 mln vs 8,084,000
+      Revs 201.1 mln vs 152.4 mln
+      Avg shrs 5,154,000 vs 4,602,000
+  
+
diff --git a/reuters/training/5566 b/reuters/training/5566
new file mode 100644
index 0000000000000000000000000000000000000000..662f37a2c60a563bf12f923186923a20b8fc6a49
--- /dev/null
+++ b/reuters/training/5566
@@ -0,0 +1,9 @@
+SATELLITE MUSIC NETWORK INC <SMNI> YEAR NET
+  Oper shr four cts vs three cts
+      Oper net 340,036 vs 223,297
+      Revs 11.1 mln vs 9,514,115
+      Avg shrs 8,926,909 vs 7,672,146
+      NOTE: Net excludes tax credits of 252,160 dlrs vs 152,717
+  dlrs.
+  
+
diff --git a/reuters/training/5567 b/reuters/training/5567
new file mode 100644
index 0000000000000000000000000000000000000000..e375541fe25edac51ad7667a836d00ce6661d800
--- /dev/null
+++ b/reuters/training/5567
@@ -0,0 +1,15 @@
+STARREX LINKS SHARE PRICE TO ASSAY SPECULATION
+  <Starrex Mining Corp Ltd> said a sharp
+  
+  rise in its share price is based on speculation for favorable
+  results from its current underground diamond drilling program
+  at its 35 pct owned Star Lake gold mine in northern
+  Saskatchewan.
+      Starrex Mining shares rose 40 cts to 4.75 dlrs in trading
+  on the Toronto Stock Exchange.
+      The company said drilling results from the program which
+  started in late February are encouraging, "but it is too soon
+  for conclusions." Starrex did not disclose check assay results
+  from the exploration program.
+  
+
diff --git a/reuters/training/5568 b/reuters/training/5568
new file mode 100644
index 0000000000000000000000000000000000000000..1d70a1b5c2d93c67da3ac5ce294c35b7122d87fe
--- /dev/null
+++ b/reuters/training/5568
@@ -0,0 +1,5 @@
+COMBINED INT'L TO ASK DOUBLING OF AUTHORIZED SHARES, STOCK SPLIT
+
+  COMBINED INT'L TO ASK DOUBLING OF AUTHORIZED SHARES, STOCK SPLIT
+  
+
diff --git a/reuters/training/557 b/reuters/training/557
new file mode 100644
index 0000000000000000000000000000000000000000..c9d4ecc85383123640a80289b3dc8d05551ce1d0
--- /dev/null
+++ b/reuters/training/557
@@ -0,0 +1,16 @@
+HARLEY-DAVIDSON INC <HDI> 4TH QTR NET
+  Oper shr 18 cts vs 51 cts
+      Oper net 1,048,000 vs 1,870,000
+      Revs 72.2 mln vs 73.5 mln
+      Avg shrs 5,910,000 vs 3,680,000
+      Year
+      Oper shr 82 cts vs 72 cts
+      Oper net 4,307,000 vs 2,637,000
+      Revs 295.3 mln vs 287.5 mln
+      Avg shrs 5,235,000 vs 3,680,000
+      NOTE: Results exclude one-time gains of 223,000 or four cts
+  and 564,000 or 11 cts for 1986 qtr and year vs gains of
+  6,359,000 or 1.73 dlrs and 7,318,000 or 1.99 dlrs for prior
+  periods.
+  
+
diff --git a/reuters/training/5570 b/reuters/training/5570
new file mode 100644
index 0000000000000000000000000000000000000000..dc2662ad79c242a6d7030cdca4c2e955cb4d7820
--- /dev/null
+++ b/reuters/training/5570
@@ -0,0 +1,50 @@
+ETHIOPIA MINISTER SEES AFRICA DEBT PAYMENT PROBLEM
+  Africa may have to follow Brazil in
+  halting foreign debt payments unless industrialised nations are
+  prepared to be more flexible in trade and economic policy,
+  Ethiopian trade minister Tesfay Dinka said.
+      Growing protectionism and declining commodity prices had
+  caused a major deterioration in the export earnings of all
+  developing countries, he said in an opening speech to a meeting
+  of African trade ministers in Addis Ababa.
+      Unless there was an early improvement in developing
+  countries' terms of trade "the only choice is to follow the
+  route that Brazil appears to have taken," Tesfay said.
+     The two-day meeting of delegates from 50 African states was
+  called to work out a consensus ahead of the Group of 77
+  ministerial meeting in Havana next month, when the developing
+  countries will debate their strategy in economic negotiations
+  with the West.
+      Tesfay accused the West of intransigence in the negotiation
+  of recent commodity agreements.
+      The failure of the International Coffee Organisation to
+  agree on the reintroduction of export quotas would mean "several
+  African countries will not have the foreign exchange to import
+  essential items," he said.
+      Coffee accounts for 60 pct of Ethiopian exports and the
+  recent fall in world coffee prices has sharply reduced the
+  country's foreign exchange earnings.
+      Adebayo Adedeji, the executive secretary of the U.N.
+  Economic Commission for Africa, told the meeting that there was
+  an increasing net outflow of resources from Africa.
+      He blamed this on high interest rates, debt servicing and
+  the repatriation of profits by foreign investors.
+      Africa paid 13 billion dlrs to service its total foreign
+  debt last year and by 1990 annual service payments are expected
+  to rise to between 16 and 24 billion, Adedeji said.
+      He accused industrialised countries of failing to provide
+  more resources to implement the U.N. Program for Africa's
+  economic recovery and development, despite Africa's willingness
+  to raise two thirds of the capital from domestic sources.
+      The U.N. Program, approved last year, calls for 128 billion
+  dlrs of economic investment in Africa over five years.
+      Western donors were asked to contribute 46 billion dlrs,
+  with the rest being raised from local resources, but Adedeji
+  said the donors had not responded as hoped.
+     In view of this poor response, he said "it is possible that
+  by the year 2,000 nearly all African countries, except a few,
+  will be categorised as least developed countries."
+      At present, 27 of Africa's 50-odd states are officially
+  listed in this category.
+  
+
diff --git a/reuters/training/5571 b/reuters/training/5571
new file mode 100644
index 0000000000000000000000000000000000000000..15f624c9aa8e9a2de18f274d81bb4303fdb595f2
--- /dev/null
+++ b/reuters/training/5571
@@ -0,0 +1,5 @@
+CANBRA FOODS LTD SETS SPECIAL ONE-TIME FIVE DLR/COMMON SHR CASH PAYOUT
+
+  CANBRA FOODS LTD SETS SPECIAL ONE-TIME FIVE DLR/COMMON SHR CASH PAYOUT
+  
+
diff --git a/reuters/training/5572 b/reuters/training/5572
new file mode 100644
index 0000000000000000000000000000000000000000..e76eec1fda9f17b9bf8c4883701180c72006f685
--- /dev/null
+++ b/reuters/training/5572
@@ -0,0 +1,5 @@
+CANBRA FOODS LTD YEAR OPER SHR PROFIT 1.52 DLRS VS LOSS 55 CTS
+
+  CANBRA FOODS LTD YEAR OPER SHR PROFIT 1.52 DLRS VS LOSS 55 CTS
+  
+
diff --git a/reuters/training/5573 b/reuters/training/5573
new file mode 100644
index 0000000000000000000000000000000000000000..7397a1d20c7d743811f6df934690fc789ac795ac
--- /dev/null
+++ b/reuters/training/5573
@@ -0,0 +1,14 @@
+WILSON FOODS CORP <WILF> 2ND QTR JAN 31 NET
+  Oper shr profit 21 cts vs loss 55 cts
+      Oper net profit 1,528,000 vs loss 3,296,000
+      Sales 329.4 mln vs 368.0 mln
+      1st half
+      Oper shr profit 28 cts vs loss 4.55 dlrs
+      Oper net profit 2,026,000 vs loss 27.3 mln
+      Sales 691.3 mln vs 738.2 mln
+      NOTE: Prior half net includes pretax charge 21.4 mln dlrs
+  from plant closings and workforce reductions.
+      Current year net excludes tax credits of 1,381,000 dlrs in
+  quarter and 1,722,000 dlrs in half.
+  
+
diff --git a/reuters/training/5575 b/reuters/training/5575
new file mode 100644
index 0000000000000000000000000000000000000000..f4c01d9ae6bcfad45cc10e2a42c2640928d7c0dd
--- /dev/null
+++ b/reuters/training/5575
@@ -0,0 +1,8 @@
+<CANBRA FOODS LTD> YEAR NET
+  Oper shr profit 1.52 dlrs vs loss 55 cts
+      Oper profit 4,172,188 vs loss 1,502,032
+      Revs not given
+      Note: 1986 shr and net exclude extraordinary gain of
+  1,294,245 dlrs or 47 cts share on sale of Stafford Foods unit
+  
+
diff --git a/reuters/training/5576 b/reuters/training/5576
new file mode 100644
index 0000000000000000000000000000000000000000..695ecc59240c799c2ccfd50807378267443040cf
--- /dev/null
+++ b/reuters/training/5576
@@ -0,0 +1,16 @@
+OXFORD FIRST CORP <OFC> 4TH QTR NET
+  Oper shr 45 cts vs 24 cts
+      Qtly div six cts vs six cts prior
+      Oper net 1,766,000 vs 950,000
+      Revs 9,321,000 vs 5,298,000
+      Year
+      Oper shr 1.25 dlrs vs one dlr
+      Oper net 4,985,000 vs 3,894,000
+      Revs 28.3 mln vs 19.9 mln
+      NOTE: Net excludes losses from discontinued operations of
+  161,000 dlrs vs 66,000 dlrs in quarter and 464,000 dlrs vs
+  226,000 dlrs in year.
+      Dividend pay May Five, record April 13.
+      Share adjusted for three-for-two stock split.
+  
+
diff --git a/reuters/training/5579 b/reuters/training/5579
new file mode 100644
index 0000000000000000000000000000000000000000..3fe180d277e5f1aa538e9fa3bde390c1218aa16a
--- /dev/null
+++ b/reuters/training/5579
@@ -0,0 +1,8 @@
+HARRIS-TEETER PROPERTIES <HTP> REPORTS EARNINGS
+  Harris-Teeter Properties Inc
+  reported fourth quarter fiscal 1986 earnings per share of 24
+  cts on earnings of 601,000 dlrs. 
+      The realty investment trust company started operations in
+  August and had no comparable figures, it said.
+  
+
diff --git a/reuters/training/558 b/reuters/training/558
new file mode 100644
index 0000000000000000000000000000000000000000..6d935971256eb95f2825f0a30564e72af1654ade
--- /dev/null
+++ b/reuters/training/558
@@ -0,0 +1,7 @@
+<HOECHST AG> COMPLETES CELANESE <CZ> ACQUISITION
+  Hoechst AG of West Germany said
+  it has completed the acquisition of Celanese Corp.
+      Hoechst acquired a majority of Celanese shares in a recent
+  tender offer at 245 dlrs per common share.
+  
+
diff --git a/reuters/training/5582 b/reuters/training/5582
new file mode 100644
index 0000000000000000000000000000000000000000..2b32ef5a3229c965208272b2bc8fc0448add22bd
--- /dev/null
+++ b/reuters/training/5582
@@ -0,0 +1,14 @@
+BSN CORP <BSN> 4TH QTR NET
+  Shr two cts vs eight cts
+      Net 73,000 vs 233,000
+      Revs 21.0 mln vs 9,510,000
+      Avg shrs 3,620,000 vs 2,886,000
+      Year
+      Shr 66 cts vs 37 cts
+      Net 2,246,000 vs 1,064,000
+      Revs 68.3 mln vs 40.8 mln
+      Avg shrs 3,392,000 vs 2,886,000
+      NOTE: 1985 year net includes extraordinary gain one ct shr
+  and gain two cts from cumulative effect of accounting change.
+  
+
diff --git a/reuters/training/5583 b/reuters/training/5583
new file mode 100644
index 0000000000000000000000000000000000000000..20e09198b2229c758d82bc3034a75d4be53bd5c9
--- /dev/null
+++ b/reuters/training/5583
@@ -0,0 +1,10 @@
+BSN <BSN> SEES HIGHER 1987 NET
+  BSN Corp said it expects revenues of
+  about 120 mln dlrs and a substantial increase in net income and
+  earnings per share for 1987.
+      Today it reported 1986 net income of 2,246,000 dlrs or 66
+  cts per share on revenues of 68.3 mln dlrs, up from 1,064,000
+  dlrs or 37 cts per share on revenues of 40.8 mln dlrs a year
+  before.
+  
+
diff --git a/reuters/training/5585 b/reuters/training/5585
new file mode 100644
index 0000000000000000000000000000000000000000..a05374da9fecc83d1fba9fb2b5e6f0420a460ff7
--- /dev/null
+++ b/reuters/training/5585
@@ -0,0 +1,22 @@
+COMBINED INT'L <PMA> HOLDERS TO VOTE ON SPLIT
+  Combined International Corp said it
+  will ask shareholders at the April 23 annual meeting to approve
+  the doubling of authorized common shares to 120 mln.
+      Holders will also vote on a proposal to create a new class
+  of 25 mln shares of serial preferred stock one dlr par value in
+  place of its existing classes of authorized and unissued
+  preferred stock.
+      It said at its regular March board meeting members will
+  consider a stock split or stock dividend, which would be
+  contingent upon stockholder approval of the changes in the
+  capital structure at the April annual meeting.
+      Holders will also be asked to approve a new corporate name,
+  Aon Corp. It said aon is a Gaelic word meaning unit. The name
+  is intended to eliminate confusion between the parent company
+  and its principal subsidiary, Combined Insurance Co of America.
+      Holders will also vote on a proposal to limit the liability
+  of directors and amend the provision for indemnifying
+  directors, officers employees an agents. This is being done to
+  reduce the costs of liability insurance.
+  
+
diff --git a/reuters/training/5586 b/reuters/training/5586
new file mode 100644
index 0000000000000000000000000000000000000000..d5e382ef8f10f60b411f0a1c600cb68757dad777
--- /dev/null
+++ b/reuters/training/5586
@@ -0,0 +1,14 @@
+CANBRA FOODS SETS SPECIAL FIVE DLR/SHR PAYOUT
+  <Canbra Foods Ltd>, earlier
+  reporting a 1986 net profit against a year-ago loss, said it
+  declared a special, one-time dividend of five dlrs per common
+  share, pay March 31, record March 26.
+      Canbra said it set the special payout to allow shareholders
+  to participate in the gain on the sale of unit Stafford Foods
+  Ltd in November, 1986, as well as the company's "unusually
+  profitable performance" in 1986.
+      Canbra earlier reported 1986 net earnings of 4.2 mln dlrs,
+  excluding a 1.3 mln dlr gain on the Stafford sale, compared to
+  a year-ago loss of 1.5 mln dlrs.
+  
+
diff --git a/reuters/training/559 b/reuters/training/559
new file mode 100644
index 0000000000000000000000000000000000000000..c3f7cc4a2a92123efde710269bf64dd0a5d98e9a
--- /dev/null
+++ b/reuters/training/559
@@ -0,0 +1,11 @@
+AMERICUS TRUST <HPU> EXTENDS DEADLINE
+  Americus Trust for American Home
+  Products Shares said it extended its deadline for accepting
+  tendered shares until November 26, an extension of nine months.
+      The trust, which will accept up to 7.5 mln shares of
+  American Home Products <AHP>, said it has already received
+  tenders for about four mln shares.
+      The trust is managed by Alex. Brown and Sons Inc <ABSB> and
+  was formed November 26, 1986.
+  
+
diff --git a/reuters/training/5592 b/reuters/training/5592
new file mode 100644
index 0000000000000000000000000000000000000000..b96f8e80828b1f25c553369e9e68084bae41fc83
--- /dev/null
+++ b/reuters/training/5592
@@ -0,0 +1,12 @@
+ADVANCE CIRCUITS INC <ADVC> 2ND QTR FEB 28 NET
+  Oper shr profit one cts vs loss 22 cts
+      Oper net profit 35,000 vs loss 948,000
+      Revs 17.4 mln vs 13.8 mln
+      Six mths
+      Oper shr loss 23 cts vs loss 48 cts
+      Oper net loss 1,025,000 vs loss 2,093,000
+      Revs 32.5 mln vs 27.6 mln
+      NOTE: Results exclude credits of 1,737,000 or 39 cts shr
+  for both 1987 periods from refinancing of debt.
+  
+
diff --git a/reuters/training/5593 b/reuters/training/5593
new file mode 100644
index 0000000000000000000000000000000000000000..37c23af4db19e3fee51027846fdc858d61c2c2c1
--- /dev/null
+++ b/reuters/training/5593
@@ -0,0 +1,10 @@
+COMMONWEALTH MORTGAGE <CMA> SETS PAYOUT
+  Qtrly div 26 cts Class A vs 12 cts
+      Qtrly div one cent Class B vs nil
+      Pay May 15
+      Record March 31
+      NOTE: prior qtr pro rated on 45 day basis for abbreviated
+  qtr.
+      Full name of company commonwealth mortgage of america.
+  
+
diff --git a/reuters/training/5594 b/reuters/training/5594
new file mode 100644
index 0000000000000000000000000000000000000000..e8bdcaf6f95a368e6e5a786d9dcaa34bca848896
--- /dev/null
+++ b/reuters/training/5594
@@ -0,0 +1,8 @@
+<BKLA BANCORP> DEC 31 YEAR NET
+  Shr 90 cts vs 66 cts
+      Net 924,000 vs 679,000
+      Loans 88.7 mln vs 67.4 mln
+      Deposits 165.5 mln vs 106.7 mln
+      Assets 181.5 mln vs 124.5 mln
+  
+
diff --git a/reuters/training/5595 b/reuters/training/5595
new file mode 100644
index 0000000000000000000000000000000000000000..f97117be3b5ab1e8c09f1a624878150a2650e1bd
--- /dev/null
+++ b/reuters/training/5595
@@ -0,0 +1,14 @@
+PRECISION TARGET MARKETING <PTMI> 3RD QTR NET
+  Qtr ends Jan 31
+      Shr profit one ct vs loss two cts
+      Net profit 74,000 vs loss 122,000
+      Revs 1,657,000 vs 1,416,000
+      Nine mths
+      Shr profit five cts vs loss 10 cts
+      Net profit 299,000 vs loss 624,000
+      Revs 5,134,000 vs 3,744,000
+      NOTE: Full name Precision Target Marketing Inc.
+      Nine months 1987 includes extraordinary gain of two cts per
+  share.
+  
+
diff --git a/reuters/training/5596 b/reuters/training/5596
new file mode 100644
index 0000000000000000000000000000000000000000..a1f4c060626f12511a13fc02e125f9d7c085b938
--- /dev/null
+++ b/reuters/training/5596
@@ -0,0 +1,12 @@
+CHEYENNE SOFTWARE <CHEY> IN ACQUISITION TALKS
+  Cheyenne Software Inc said it is
+  in preliminary talks on the acquisition of compouter hardware
+  distribution firm F.A. Components Inc and its Freeman-Owings
+  Inc subsidiary.
+      The company said F.A. had sales of 43.1 mln dlrs for 1986
+  and expects to report a loss for the year.
+      Cheyenne said the purchase price would be paid in common
+  stock and it would provide additional finances for the
+  operation of F.A.
+  
+
diff --git a/reuters/training/5597 b/reuters/training/5597
new file mode 100644
index 0000000000000000000000000000000000000000..ef40a2e466d493fcccca4e3791d540e7e46fced4
--- /dev/null
+++ b/reuters/training/5597
@@ -0,0 +1,17 @@
+HUDSON VALLEY PATROL AGREES TO BUY GUARD FIRM
+  Hudson Valley Patrol Inc said it
+  agreed to acquire privately held Federal Protection Services
+  Inc, a Palm Beach, Fla., security firm, for 200,000 common
+  shares and other considerations.
+      Hudson Valley, which provides guard and patrol services in
+  upstate N.Y., said Federal Protection Services provides
+  investigation, uniformed guard and armoured truck services to
+  banks, corporations and residential communities in southern
+  Florida.
+      The company said it will issue 200,000 shares of its common
+  at closing and additional shares based on Federal Protection's
+  pretax earnings over the next three years.
+      Closing is subject to setting a definitive agreement, it
+  said.
+  
+
diff --git a/reuters/training/5598 b/reuters/training/5598
new file mode 100644
index 0000000000000000000000000000000000000000..e5d45492183094e32f33532e20a1d3b6e8993053
--- /dev/null
+++ b/reuters/training/5598
@@ -0,0 +1,30 @@
+ICCO TO EXAMINE BUFFER STOCK PROPOSAL TOMORRROW
+  The International Cocoa Organization,
+  ICCO, council adjourned after presenting divergent producer and
+  consumer views on buffer stock rules and agreeing to examine a
+  draft compromise proposal on the buffer stock issue tomorrow,
+  delegates said.
+      ICCO Executive Director Kobena Erbynn will draw up what
+  some delegates called a "pre-compromise" and present it to the
+  buffer stock working group at 1130 hrs GMT Tuesday, they said.
+      While consumer and producer member nations disagree how a
+  buffer stock should be implemented, both sides reiterated they
+  were willing to compromise to come to agreement, they said.
+      "I am optimistic we will be able to come to an agreement --
+  maybe not tomorrow or the next day, but some time later in the
+  session," a consumer delegate said.
+      Producers say they want the buffer stock to consist only of
+  ICCO member cocoa, comprise a representative basket of various
+  grade cocoas and pay different prices for different grades,
+  delegates said.
+      Some consumers would rather the buffer stock manager be
+  able to buy non-member cocoa also, and pay a single price for
+  the buffer stock cocoa without respect to origin.
+      Consumer members were not unified in their views on how the
+  buffer stock should operate, with several countries backing
+  different aspects of the producer stance, delegates said.
+      The semi-annual council meeting is scheduled to run until
+  March 27. Consideration of the buffer stock rules is the most
+  controversial topic on the agenda, delegates said.
+  
+
diff --git a/reuters/training/56 b/reuters/training/56
new file mode 100644
index 0000000000000000000000000000000000000000..aa5b6cab7adc6ff5501526642c10e2a310567463
--- /dev/null
+++ b/reuters/training/56
@@ -0,0 +1,23 @@
+AM INTERNATIONAL <AM> CITES STRONG PROSPECTS
+  AM International Inc, reporting an
+  operating loss for the January 31 second quarter, said
+  prospects for the balance of the fiscal year remain good.
+      It said orders at its Harris Graphics subsidiary, acquired
+  in June 1986, "continue to run at a strong pace." For the six
+  months, orders rose 35 pct over the corresponding prior-year
+  period, or on an annualized basis are running at about 630 mln
+  dlrs.
+      The backlog at Harris is up 30 pct from the beginning of
+  the fiscal year, AM said.
+      AM International said its old division are expected to
+  benefit from recent new product introductions and the decline
+  in the value of the dollar.
+      "Research, development and engineering expenditures in
+  fiscal 1987 will be in the 45-50 mln dlr range, and the company
+  said it has allocated another 30-40 mln dlrs for capital
+  expenditures.
+      Earlier AM reported a fourth quarter operating loss of two
+  cts a share compared to profits of seven cts a share a year
+  ago. Revenues rose to 291.8 mln dlrs from 151.1 mln dlrs.
+  
+
diff --git a/reuters/training/560 b/reuters/training/560
new file mode 100644
index 0000000000000000000000000000000000000000..5146796b6d89fe53dae1e9a699ddd18b2e3a6687
--- /dev/null
+++ b/reuters/training/560
@@ -0,0 +1,10 @@
+MORSE SHOE INC <MRS> 4TH QTR NET
+  Shr 59 cts vs 48 cts
+      Net 3,244,000 vs 2,584,000
+      Revs 169.3 mln vs 156.0 mln
+      12 mths
+      Shr 1.78 dlrs vs 1.32 dlrs
+      Net 9,733,000 vs 7,164,000
+      Revs 585.6 mln vs 541.0
+  
+
diff --git a/reuters/training/5600 b/reuters/training/5600
new file mode 100644
index 0000000000000000000000000000000000000000..ac09cff09d37287f6a81bb7dfb1a4499ca5e9ea9
--- /dev/null
+++ b/reuters/training/5600
@@ -0,0 +1,12 @@
+AMCAST INDUSTRIAL CORP <ACST> 2ND QTR MARCH ONE
+  Shr profit 10 cts vs loss 2.20 dlrs
+      Net profit 687,000 vs loss 14.5 mln
+      Sales 68.3 mln vs 54.8 mln
+      Avg shrs 7,018,000 vs 6,577,000
+      1st half
+      Shr profit 38 cts vs loss 1.95 dlrs
+      Net profit 2,596,000 vs loss 12.8 mln
+      Sales 129.9 mln vs 113.3 mln
+      Avg shrs 6,964,000 vs 6,568,000
+  
+
diff --git a/reuters/training/5602 b/reuters/training/5602
new file mode 100644
index 0000000000000000000000000000000000000000..8adddfa87587c55545ad8431b12fb4051c1f8a57
--- /dev/null
+++ b/reuters/training/5602
@@ -0,0 +1,10 @@
+SCIENTIFIC SYSTEMS SERVICES INC <SSSV> 4TH QTR
+  Shr profit four cts vs loss 49 cts
+      Net profit 160,700 vs loss 1,867,100
+      Revs 4,700,000 vs 5,600,000
+      Year
+      Shr profit two cts vs loss 1.20 dlrs
+      Net profit 84,400 vs loss 4,507,800
+      Revs 20.5 mln vs 22.5 mln
+  
+
diff --git a/reuters/training/5603 b/reuters/training/5603
new file mode 100644
index 0000000000000000000000000000000000000000..e1a3a6790e7d00e66c69478093ff5bec8ba12703
--- /dev/null
+++ b/reuters/training/5603
@@ -0,0 +1,6 @@
+SKIPPERS INC <SKIP> SEMI-ANNUAL DIVIDEND
+  Semi-annual div four cts vs four cts
+      Pay April 30
+      Record April 9
+  
+
diff --git a/reuters/training/5604 b/reuters/training/5604
new file mode 100644
index 0000000000000000000000000000000000000000..b8b894cbd8fe95c09938aa003e7cb8c57f393fe5
--- /dev/null
+++ b/reuters/training/5604
@@ -0,0 +1,6 @@
+ZIEGLER CO INC <ZEGL> SETS QUARTERLY
+  Qtly div 13 cts vs 13 cts prior
+      Pay April 17
+      Record April 3.
+  
+
diff --git a/reuters/training/5606 b/reuters/training/5606
new file mode 100644
index 0000000000000000000000000000000000000000..24a67fcde3e80777e127c3387cb822ea1120a485
--- /dev/null
+++ b/reuters/training/5606
@@ -0,0 +1,5 @@
+U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS  SOYBEANS 18,345 WHEAT 11,470 CORN 34,940
+
+  U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS  SOYBEANS 18,345 WHEAT 11,470 CORN 34,940
+  
+
diff --git a/reuters/training/5608 b/reuters/training/5608
new file mode 100644
index 0000000000000000000000000000000000000000..522c324a17ff864fe07c50513d25ee4734ec6350
--- /dev/null
+++ b/reuters/training/5608
@@ -0,0 +1,9 @@
+BANKING CENTER <TBCX> TO MAKE ACQUISITION
+  Banking Center said it has
+  signed a letter of intent to acquire First Railroad Mortgage Co
+  from First Union Bank of Augusta, Ga., for undisclosed terms.
+      The company said First Railroad had loan production of over
+  100 mln dlrs in 1986 and was servicing over 435 mln dlrs in
+  loans at the end of 1986.
+  
+
diff --git a/reuters/training/5609 b/reuters/training/5609
new file mode 100644
index 0000000000000000000000000000000000000000..fe9959490dd87207274e26a8471d5745e651eec1
--- /dev/null
+++ b/reuters/training/5609
@@ -0,0 +1,12 @@
+SAN PAOLO DI TORINO TO ACQUIRE CALIFORNIAN BANK
+  Italian state bank <Istituto Bancario San
+  Paolo di Torino> said its fully-owned <San Paolo U.S. Holding
+  Co> of Wilmington in the U.S. had signed a letter of intent to
+  acquire <Valley National Bank> of California.
+      San Paolo said in a statement that, subject to obtaining
+  official authorization from the relevant bodies, it would merge
+  Valley National Bank with its subsidiary <First Los Angeles
+  Bank>.
+      Value of the planned acquisition was not disclosed.
+  
+
diff --git a/reuters/training/5610 b/reuters/training/5610
new file mode 100644
index 0000000000000000000000000000000000000000..e3c890b105d095ed953d552f3e65b58cfa47c5b3
--- /dev/null
+++ b/reuters/training/5610
@@ -0,0 +1,29 @@
+USDA DETAILS CONSERVATION CROP ENROLLMENT
+  Farmers enrolled over 6.5 mln acres
+  of program crops in the latest conservation reserve program
+  signup and around four mln acres of non-program crops,
+  Agriculture Department conservation specialists said.
+      Soybean acreage amounted to less than two mln acres of the
+  non-program crop acreage enrolled, a USDA analyst said. Heavy
+  enrollment of non-base acreage in wheat states, of which a big
+  percentage would be fallow and non-soybean land, accounted for
+  a large portion of the non-program acreage, the analyst said.
+      Wheat and corn acreage comprised slightly over 40 pct of
+  the total 10,572,402 acres accepted into the ten-year program.
+      USDA analysts gave the following enrollment breakdown:
+      -- wheat  2,615,140 acres
+      -- corn   1,894,764 acres
+      -- barley   705,888 acres
+      -- sorghum  585,552 acres
+      -- cotton   417,893 acres
+      -- rice       2,035 acres
+      -- peanuts      611 acres
+      -- tobacco      285 acres
+      -- total program crops  6,512,700 acres
+      -- total nonprogram     4,059,702 acres
+      -- total enrollment    10,572,402 acres
+      USDA analysts are currently working on a complete state
+  breakdown of crop acreage enrollment and should have it ready
+  for publication later this week, they said.
+  
+
diff --git a/reuters/training/5611 b/reuters/training/5611
new file mode 100644
index 0000000000000000000000000000000000000000..53279e8500a3950454f1704aa55fd6ae26230663
--- /dev/null
+++ b/reuters/training/5611
@@ -0,0 +1,17 @@
+U.S. SENATOR UNCOMMITTED ON OFFERING 0/92 BILL
+  Senator Richard Lugar of Indiana,
+  ranking Republican on the U.S. Senate Agriculture Committee,
+  has not decided whether to introduce an administration-backed
+  bill to apply the so-called 0/92 provision to 1988 through 1990
+  grain crops, an aide to the senator said.
+      The Reagan administration has asked Lugar to offer the
+  measure, the aide said.
+      However, a number of farm groups have told Lugar they
+  oppose the proposal on the grounds it would reopen the 1985
+  farm bill, and the senator has decided to take a second look at
+  the proposal, the aide said.
+      Last week the aide indicated Lugar was planning to offer
+  the 0/92 measure and a bill to tighten a payment limitation
+  loophole.
+  
+
diff --git a/reuters/training/5615 b/reuters/training/5615
new file mode 100644
index 0000000000000000000000000000000000000000..5b183fb9e1abe846af3008fe29eab1201a86c93d
--- /dev/null
+++ b/reuters/training/5615
@@ -0,0 +1,10 @@
+INTERNATIONAL FINE FOODS MAKES ACQUISITION
+  <International Fine Foods Inc> said it
+  has acquired 2001 Distributors Inc of West Babylon, N.Y., for
+  875,000 common shares, plus contingent shares based on future
+  earnings.
+      2001 distributes fresh-squeezed juices and had a loss on
+  sales of about one mln dlrs in 1986, its first year of
+  operation.
+  
+
diff --git a/reuters/training/5617 b/reuters/training/5617
new file mode 100644
index 0000000000000000000000000000000000000000..cb585b046e49907463391054820a917acf2dc639
--- /dev/null
+++ b/reuters/training/5617
@@ -0,0 +1,6 @@
+UNITED TOTE INC <TOTE> 1ST QTR JAN 31 NET
+  Shr profit nil vs loss 10 cts
+      Net profit 2,936 vs loss 170,866
+      Revs 4,147,248 vs 1,091,392
+  
+
diff --git a/reuters/training/562 b/reuters/training/562
new file mode 100644
index 0000000000000000000000000000000000000000..7cc14406a394700779667b4b46a47af92389b097
--- /dev/null
+++ b/reuters/training/562
@@ -0,0 +1,22 @@
+ICO QUOTA TALKS CONTINUE, OUTCOME HARD TO GAUGE
+  Talks at the extended special meeting of
+  the International Coffee Organization (ICO) on the
+  reintroduction of export quotas continued, but chances of
+  success were still almost impossible to gauge, delegates said.
+      Producer delegates were meeting to examine a Colombian
+  proposal to resume historical quotas from April 1 to September,
+  with a promise to define specific new criteria by which a new
+  quota system would be calculated in September for the new crop
+  year, they said.
+      Opinions among delegates over the potential for reaching a
+  quota agreement varied widely.
+      Some consumers said the mood of the meeting seemed slightly
+  more optimistic. But Brazil's unwillingness to concede any of
+  its traditional 30.55 pct of its export market share looks
+  likely to preclude any accord, other delegates said.
+      No fresh proposals other than the Colombian initiative had
+  been tabled formally today, delegates said.
+      A full council meeting was set for 1900 hours for a
+  progress report, delegates said.
+  
+
diff --git a/reuters/training/5620 b/reuters/training/5620
new file mode 100644
index 0000000000000000000000000000000000000000..4e6c874707db150648ab41fbdee6cd249694da23
--- /dev/null
+++ b/reuters/training/5620
@@ -0,0 +1,13 @@
+SEVEN OAKS <QPON> IN TELEMARKETING VENTURE
+  Seven Oaks International Inc
+  said it has formed a new 80 pct owned subsidiary called Seven
+  Oaks Direct Inc to offer a full line of telemarketing services.
+      It said Seven Oaks direct management will own the remaining
+  20 pct.
+      The company said initial costs connected with the startupo
+  of a new Memphis, Tenn., marketing center for Seven Oaks direct
+  may hurt earnings slightly in the first half of the year ending
+  in April 1988, but Seven Oaks Direct should operate at no worse
+  than breakeven for fiscal 1988 as a whole.
+  
+
diff --git a/reuters/training/5624 b/reuters/training/5624
new file mode 100644
index 0000000000000000000000000000000000000000..7d0804dbbdae4dd20365e97dc7eac02310584a67
--- /dev/null
+++ b/reuters/training/5624
@@ -0,0 +1,10 @@
+QUADREX CORP <QUAD> 4TH QTR JAN 31 LOSS
+  Shr loss eight cts vs loss 20 cts
+      Net loss 586,000 vs los 1,497,000
+      Revs 13.8 mln vs 14.4 mln
+      Year
+      Shr loss 15 cts vs loss 18 cts
+      Net loss 1,135,000 vs loss 1,377,000
+      Revs 57.7 mln vs 55.1 mln
+  
+
diff --git a/reuters/training/5627 b/reuters/training/5627
new file mode 100644
index 0000000000000000000000000000000000000000..e4beb147a43a8a3b4e2b3d9eda032268b2eceb56
--- /dev/null
+++ b/reuters/training/5627
@@ -0,0 +1,12 @@
+PHILIP CROSBY ASSOCIATES <PCA> EARNINGS DELAYED
+  Philip Crosby Associates Inc
+  said its fourth quarter and annual earnings report will be
+  delayed two more weeks.
+      The company cited the recent in-house embezzlement and a
+  subsequent review by auditors of its international situation as
+  reason for the delay.
+      Philip Crosby, however, said it believes its December
+  estimate calling for earnings per share between 10 cts and 15
+  cts, on revenues of 11 mln dlrs, was still valid.
+  
+
diff --git a/reuters/training/5629 b/reuters/training/5629
new file mode 100644
index 0000000000000000000000000000000000000000..ff166e67085a440b823dbc46111f7ae82bcb020a
--- /dev/null
+++ b/reuters/training/5629
@@ -0,0 +1,6 @@
+UNITED TOTE INC <TOTE> 1ST QTR JAN 31 NET
+  Shr nil vs loss 10 cts
+      Net profit 2,936 vs loss 170,866
+      Revs 4,147,248 vs 1,091,392
+  
+
diff --git a/reuters/training/5630 b/reuters/training/5630
new file mode 100644
index 0000000000000000000000000000000000000000..e877e0f7ad9f0dd2113da8d41ca270d567cbac8b
--- /dev/null
+++ b/reuters/training/5630
@@ -0,0 +1,16 @@
+PACIFIC RESOURCES <PRI> INSTALLS OIL MOORING
+  Pacific Resources Inc said it has
+  installed a CALM (Catenary Anchor Leg Mooring) single-point
+  mooring terminal off the southwest coast of Oahu at its
+  Hawaiian Independent Refinery at a cost of 3.5 mln dlrs.
+      The system transfers crude and fuel oils from tankers to
+  the refinery's tank farm and carries refined products to ships
+  for export, PRI said.
+      Company chairman Robert G. Reed said the new mooring system
+  will permit 24-hour service in most kinds of weather and will
+  reduce ship turnaround time. He said the mooring is the first
+  of its kind in the U.S.
+      The new system can accomodate vessels up to 150,000
+  deadweight tons, or one mln barrels of cargo, PRI said.
+  
+
diff --git a/reuters/training/5632 b/reuters/training/5632
new file mode 100644
index 0000000000000000000000000000000000000000..68923b8f1c876fbe5659349a43f64742773f26f5
--- /dev/null
+++ b/reuters/training/5632
@@ -0,0 +1,15 @@
+NEW PLAN REALTY TRUST <NPR> 2ND QTR NET
+  Qtr ends Jan 31
+      Shr 22 cts vs 19 cts
+      Net 4,549,000 vs 3,666,000
+      Revs 8,903,000 vs 7,791,000
+      Avg shrs 20.9 mln vs 19.9 mln
+      Six mths
+      Shr 42 cts vs 41 cts
+      Net 8,641,000 vs 7,928,000
+      Revs 17.5 mln vs 14.6 mln
+      Avg shrs 20.8 mln vs 19.4 mln
+      NOTE: earnings were restated to reflect the three-for-two
+  stock split on April one, 1986.
+  
+
diff --git a/reuters/training/5634 b/reuters/training/5634
new file mode 100644
index 0000000000000000000000000000000000000000..a7c84f3a932ac82e2c0e620fbb033b507d537ae3
--- /dev/null
+++ b/reuters/training/5634
@@ -0,0 +1,5 @@
+SCHLUMBERGER SAYS IT TERMINATES PACT TO SELL FAIRCHILD SEMICONDUCTOR BUSINESS TO FUJITSU
+
+  SCHLUMBERGER SAYS IT TERMINATES PACT TO SELL FAIRCHILD SEMICONDUCTOR BUSINESS TO FUJITSU
+  
+
diff --git a/reuters/training/5635 b/reuters/training/5635
new file mode 100644
index 0000000000000000000000000000000000000000..6ee8ebc056cf565ead8f760684aee9fb8158b346
--- /dev/null
+++ b/reuters/training/5635
@@ -0,0 +1,17 @@
+MORE CCC CREDIT GUARANTEES FOR ALGERIA -- USDA
+  The Commodity Credit Corporation
+  (CCC) has approved an additional 84.0 mln dlrs in credit
+  guarantees for sales of U.S. agricultural products to Algeria
+  for fiscal year 1987 under the Export Credit Guarantee Program
+  (GSM-102), the U.S. Agriculture Department said.
+      The department said the additional guarantees provide up to
+  31.0 mln dlrs in coverage for sales of protein meals, 9.0 mln
+  dlrs for tallow, and 44.0 mln dlrs for vegetable oils.
+      The latest guarantees increase the cumulative fiscal 1987
+  program for sales of U.S. agricultural products to Algeria to
+  464.0 mln dlrs from 380.0, it said.
+      To be eligible for the credit guarantees, all sales must be
+  registered with the CCC by September 30, and shipments
+  completed by December 31, 1987, it said.
+  
+
diff --git a/reuters/training/5636 b/reuters/training/5636
new file mode 100644
index 0000000000000000000000000000000000000000..3ec6822dca64626bf04c171669114eaaa821ab04
--- /dev/null
+++ b/reuters/training/5636
@@ -0,0 +1,15 @@
+PL 480 COMMODITIES FOR HONDURAS -- USDA
+  The United States has signed a
+  Public Law 480 agreement with Honduras to provide for the sale
+  of 12.0 mln dlrs worth of U.S. agricultural commodities, the
+  U.S. Agriculture Department said.
+      The agreement, signed March 11, provides for the sale of
+  about 75,000 tonnes of wheat/wheat flour worth 8.5 mln dlrs,
+  15,000 tonnes of corn/sorghum worth 1.5 mln dlrs and 6,000
+  tonnes of tallow worth 2.0 mln dlrs, the department said.
+      The commodities will be supplied in the current fiscal
+  year, ending September 30, and sales will be by private U.S.
+  traders on a competitive bid basis.
+      Purchase authorizations will be announced as issued.
+  
+
diff --git a/reuters/training/5637 b/reuters/training/5637
new file mode 100644
index 0000000000000000000000000000000000000000..27e925f66e133c04af88ae334bb2680a8ae5600e
--- /dev/null
+++ b/reuters/training/5637
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 150,000 TONNES CORN  SOLD TO UNKNOWN DESTINATIONS FOR 1986/87
+
+  U.S. EXPORTERS REPORT 150,000 TONNES CORN  SOLD TO UNKNOWN DESTINATIONS FOR 1986/87
+  
+
diff --git a/reuters/training/5639 b/reuters/training/5639
new file mode 100644
index 0000000000000000000000000000000000000000..9641021c9f889102613b2fcf5c3195217de53447
--- /dev/null
+++ b/reuters/training/5639
@@ -0,0 +1,15 @@
+SENS. DANFORTH, BOND ASK TARGETED 0/92 MEASURE
+  Missouri Republican Senators John
+  Danforth and Christopher Bond have introduced a bill that would
+  allow wheat and feedgrain producers along the Mississippi and
+  Missouri Rivers hurt by flooding last year to collect at least
+  92 pct of their deficiency payments this year without planting.
+      Danforth aide Austin Schlick said the bill was similar to a
+  provision included in a House Agriculture Committee-passed
+  emergency disaster assistance bill scheduled to be taken up by
+  the House tomorrow.
+      Schlick said flooding destroyed a number of levees along
+  the two rivers last October, leaving farmland there vulnerable
+  to further damage this year.
+  
+
diff --git a/reuters/training/5640 b/reuters/training/5640
new file mode 100644
index 0000000000000000000000000000000000000000..631b30a3f8dda247a600fd19f3daf8f77d4ec8f8
--- /dev/null
+++ b/reuters/training/5640
@@ -0,0 +1,15 @@
+CCC ACCEPTS BONUS BID ON BARLEY TO CYRPUS
+  The Commodity Credit Corporation
+  (CCC) has accepted a bid on an export bonus to cover the sale
+  of 8,000 tonnes of barley to Cyprus, the U.S. Agriculture
+  Department said.
+      The barley is for shipment May 5-20 and the bonus of 39.32
+  dlrs per tonne was made to Harvest States Cooperatives, the
+  department said.
+      The bonus will be paid in the form of commodities from the
+  inventory of CCC stocks.
+      The department said an additional 42,000 tonnes of U.S.
+  barley are still available to Cyprus under the Export
+  Enhancement Program initiative announced on August 26, 1986.
+  
+
diff --git a/reuters/training/5641 b/reuters/training/5641
new file mode 100644
index 0000000000000000000000000000000000000000..83662db4bcd6dadcce1b68fa54c4199a74192689
--- /dev/null
+++ b/reuters/training/5641
@@ -0,0 +1,14 @@
+LYNCH CORP <LGL> UNIT BUYS TELEVISION STATION
+  Lynch Corp subisidiary Lynch
+  Entertainment Corp said it formed a general partnership called
+  Coronet Communications Co, which has acquired WHBF-TV station,
+  in Rock Island, Ill.
+      The company said the price for the station, a CBS
+  television network affiliate, was 20 mln dlrs. The company also
+  said the other partner is Lombardo Communications Inc, a
+  wholly-owned corporation of Phillip Lombardo.
+      Lynch said it will pursue further acquisitions of media and
+  entertainment entities with emphasis on broadcasting and cable
+  television operations.
+  
+
diff --git a/reuters/training/5643 b/reuters/training/5643
new file mode 100644
index 0000000000000000000000000000000000000000..015c766b08ffec6e6f5f806b2c2b9cedefebad6e
--- /dev/null
+++ b/reuters/training/5643
@@ -0,0 +1,40 @@
+SCHLUMBERGER <SLB> ENDS PACT TO SELL FAIRCHILD
+  Schlumberger Ltd said it terminated an
+  agreement in principle for Fujitsu Ltd to buy 80 pct of its
+  Fairchild Semiconductor operations.
+      The company said the rising political controversy in the
+  U.S. concerning the venture made it unlikely that the sale of
+  the Fairchild stake could be completed within a reasonable
+  time.
+      The sale has been opposed by the U.S. Commerce Department
+  and the U.S. Defense Department, in part on national security
+  grounds.
+      The company said termination of the agreement opened other
+  possibilities, including a possible leveraged buyout of the
+  semiconductor maker by Fairchild management.
+      In the interim, Fairchild would continue its ongoing
+  business within Schlumberger, the oilfield services concern
+  said.
+      Last October, Schlumberger announced the sale of the
+  Fairchild stake and said it would take a 200 mln dlrs charge in
+  the fourth quarter from the sale. The company ended up
+  recording special charges of 2.1 billion dlrs in the fourth
+  quarter, leading to a loss of 2.02 billion dlrs for the year.
+      Schlumberger never announced a price for the sale, but
+  industry analysts have estimated the value of the deal at about
+  200 mln dlrs.
+      The proposed sale was under antitrust review by the U.S.
+  Justice Department. Additionally, Commerce Secretary Malcolm
+  Baldridge and other U.S. officials have voiced reservations
+  about the transaction since it was announced.
+      Government officials have expressed concern that the sale
+  could reduce the competitiveness of U.S. chip makers by putting
+  key advanced technology into Japanese hands.
+      New, high-technology semiconductors are used in
+  supercomputers, which are faster and more powerful than
+  existing computers.
+      Schlumberger is an oilfield services company controlled by
+  French interests and headquartered in New York. Fujitsu Ltd is
+  a computer and telecommunications company based in Japan.
+  
+
diff --git a/reuters/training/5644 b/reuters/training/5644
new file mode 100644
index 0000000000000000000000000000000000000000..8d03ecb0e4560c735d2ac38e26cd29ad2f51aa19
--- /dev/null
+++ b/reuters/training/5644
@@ -0,0 +1,12 @@
+HENLEY GROUP <HENG> SETS FISHER DISTRIBUTION
+  Henley Group Inc said it
+  declared a special dividend distribution of one Fisher
+  Scientific Group Inc share for every 16 Henley shares.
+      Previously, it said it would pay one fisher share for every
+  20 outstanding, but it changed the ratio because of the
+  reduction in its outstanding shares to 109 mln from 129 mln.
+      It said the distribution of about 20 pct of Fisher's common
+  stock will be made April six to holders of record March 26.
+  Fisher will trade on NASDAQ under the symbol <FSHG>.
+  
+
diff --git a/reuters/training/5647 b/reuters/training/5647
new file mode 100644
index 0000000000000000000000000000000000000000..512ecdf2f8f36fa276e4a75d1bb5cd23a89d338f
--- /dev/null
+++ b/reuters/training/5647
@@ -0,0 +1,14 @@
+GENCORP <GY> 1ST QTR OPERATING EARNINGS ROSE
+  GenCorp said its first quarter
+  earnings from operations rose four pct as sales increased six
+  pct to 650 mln dlrs from 614 mln a year earlier.
+      However, the company reported net income declined to 17 mln
+  dlrs, or 77 cts a share, in the quarter ended February 28 from
+  19 mln dlrs, or 84 cts a year earlier. This year's net included
+  700,000 dlrs from the sale of assets while last years was
+  increased 3.0 mln dlrs by such sales.
+      GenCorp said lower operating profits for the tire and
+  plastics and industrial products segments were essentially
+  offset by higher wallcovering results.
+  
+
diff --git a/reuters/training/5648 b/reuters/training/5648
new file mode 100644
index 0000000000000000000000000000000000000000..1cd61ae67ca2feb769064848a83214359b7637d1
--- /dev/null
+++ b/reuters/training/5648
@@ -0,0 +1,17 @@
+NEW EEP DURUM WHEAT OFFER TO ALGERIA -- USDA
+  U.S. exporters will have the
+  opportunity to sell an additional 300,000 tonnes of U.S. durum
+  wheat to Algeria under the Export Enhancement Program, EEP, the
+  U.S. Agriculture Department said.
+      The department said the sales will be subsidized with
+  commodities from the Commodity Credit Corporation, CCC,
+  inventory and the subsidy will enable U.S. exports to compete
+  at commercial prices in the Algerian market.
+      Algeria has already purchased 300,000 tonnes of U.S. durum
+  wheat under a previous export enhancement initiative announced
+  November 10, 1986, it said.
+      Details of the latest initiative, including an invitation
+  for offers from exporters, will be issued in the near future,
+  the department said.
+  
+
diff --git a/reuters/training/5650 b/reuters/training/5650
new file mode 100644
index 0000000000000000000000000000000000000000..a90fa50e86ac98d9a70ac1ec318d04dc5d6b77c5
--- /dev/null
+++ b/reuters/training/5650
@@ -0,0 +1,6 @@
+MCCORMICK AND CO INC <MCCRK> 1ST QTR FEB 28 NET
+  Shr 37 cts vs 35 cts
+      Net 4,346,000 vs 4,202,000
+      Revs 232.0 mln vs 223.2 mln
+  
+
diff --git a/reuters/training/5652 b/reuters/training/5652
new file mode 100644
index 0000000000000000000000000000000000000000..999fb9962af0c431c687309e8956800751b7083a
--- /dev/null
+++ b/reuters/training/5652
@@ -0,0 +1,5 @@
+TWA SAID IT DOES NOT INTEND TO SEEK CONTROL OF USAIR, ACQUIRE MORE STOCK AT THIS TIME
+
+  TWA SAID IT DOES NOT INTEND TO SEEK CONTROL OF USAIR, ACQUIRE MORE STOCK AT THIS TIME
+  
+
diff --git a/reuters/training/5654 b/reuters/training/5654
new file mode 100644
index 0000000000000000000000000000000000000000..585dda3dcf42c1753060a63570d899d9674115ef
--- /dev/null
+++ b/reuters/training/5654
@@ -0,0 +1,12 @@
+TELEQUEST INC <TELQ> 4TH QTR DEC 31 LOSS
+  Shr loss nine cts vs profit 35 cts
+      Net loss 299,000 vs profit 1,025,000
+      Sales 9,704,000 vs 9,659,000
+      Avg shrs 3,792,138 vs 2,892,138
+      Year
+      Shr profit one ct vs profit 58 cts
+      Net profit 45,000 vs profit 1,705,000
+      Sales 25.4 mln vs 17.8 mln
+      Avg shrs 3,567,138 vs 2,892,138
+  
+
diff --git a/reuters/training/5655 b/reuters/training/5655
new file mode 100644
index 0000000000000000000000000000000000000000..0b2b7f4d26c56e1594fed344e0e46c053bc2a7f6
--- /dev/null
+++ b/reuters/training/5655
@@ -0,0 +1,17 @@
+U.S. EEP VEG OIL PROPOSALS STILL UNDER REVIEW
+  U.S. Agriculture Department
+  proposals to offer 260,000 tonnes of subsidized vegetable oil
+  to four countries are still under consideration by an
+  interagency trade policy group, a USDA official close to the
+  group said.
+      The official, who asked not to be identified, dismissed a
+  report circulating in markets today that the interagency trade
+  policy review group had rejected the proposals.
+      Under the proposals, USDA would offer vegetable oil under
+  the export enhancement program, EEP, to four countries,
+  including 80,000 tonnes to Turkey and 60,000 tonnes to Algeria,
+  Morocco and Tunisia, industry sources said.
+      The proposals "are still under review" by the interagency
+  working group, the USDA official said.
+  
+
diff --git a/reuters/training/5657 b/reuters/training/5657
new file mode 100644
index 0000000000000000000000000000000000000000..887869b99714bc7dd3877333a237769dc6fe647b
--- /dev/null
+++ b/reuters/training/5657
@@ -0,0 +1,15 @@
+AMCAST INDUSTRIAL CORP <ACST> 2ND QTR NET
+  Qtr ends March One
+      Shr profit 10 cts vs loss 2.20 cts
+      Net profit 687,000 vs loss 14.5 mln
+      Revs 68.3 mln vs 54.8 mln
+      Avg shrs 7,018,000 vs 6,577,000
+      Six mths
+      Shr profit 38 cts vs loss 1.95
+      Net profit 2,596,000 vs loss 12.8 mln
+      Revs 129.9 mln vs 113.3 mln
+      Avg shrs 6,964,000 vs 6,568,000
+      NOTE: figures for qtr and year prior include pre-tax
+  restructuring charge of 22.5 mln.
+  
+
diff --git a/reuters/training/5658 b/reuters/training/5658
new file mode 100644
index 0000000000000000000000000000000000000000..2e0992c36810319de4aa0dc75d1fae7bb60f9513
--- /dev/null
+++ b/reuters/training/5658
@@ -0,0 +1,12 @@
+CHICAGO DOCK AND CANAL <DOCKS> 3RD QTR NET
+  Period ended Jan 31
+      Shr 16 cts vs 10 cts
+      Net 901,000 vs 562,000
+      Nine mths
+      Shr 1.77 dlrs vs 19 cts
+      Net 9,886,000 vs 1,122,000
+      NOTE: Full name is Chicago Dock and Canal Trust
+      1987 nine months earnings include gain from dispositions of
+  real estate of 7,666,000 dlrs, or 1.33 dlrs a share
+  
+
diff --git a/reuters/training/5659 b/reuters/training/5659
new file mode 100644
index 0000000000000000000000000000000000000000..3b16f82910f36ddfa12321002a4d38e1e4dfdf97
--- /dev/null
+++ b/reuters/training/5659
@@ -0,0 +1,11 @@
+MCGRAW HILL <MHP> BUYS HARPER/ROW <HPR> UNIT
+  McGraw-Hill Inc said it bought
+  <Medecines et Sciences Internationales SA>, a French Healthcare
+  publisher, from Harper and Row Publishers Inc.
+      The sum of the deal was not disclosed.
+      It said the French company publishes original titles by
+  French authors, as well as translations of American, British
+  and German Medical books. The company will be consolidated with
+  McGraw-Hill France, it said.
+  
+
diff --git a/reuters/training/5660 b/reuters/training/5660
new file mode 100644
index 0000000000000000000000000000000000000000..401c74584f0c4067b7d0fece9180137a13c3deda
--- /dev/null
+++ b/reuters/training/5660
@@ -0,0 +1,13 @@
+INFINITE GRAPHICS <INFG> SEES HIGHER 4TH QTR
+  Infinite Graphics Inc expects earnings
+  for the fourth quarter ending April 30 to exceed the 127,587
+  dlrs, or seven cts a share posted a year ago, Chairman Clifford
+  F. Stritch Jr. told a meeting of financial analysts.
+      Stritch also said the company's annual revenues should
+  exceed 6.0 mln dlrs, up from 4.1 mln dlrs in the previous
+  fiscal year.
+      He said the company, which markets advanced computer-aided
+  engineering, design and manufacturing systems, plans to double
+  its dealers to 50 during the coming fiscal year.
+  
+
diff --git a/reuters/training/5661 b/reuters/training/5661
new file mode 100644
index 0000000000000000000000000000000000000000..256a44ef59a0031006b6179d8dc9e8a9efd5c413
--- /dev/null
+++ b/reuters/training/5661
@@ -0,0 +1,13 @@
+SUBURBAN BANCORP <SUBBA> UNIT WINS JUDGMENT
+  Suburban Bancorp said a Cook
+  County Circuit Court ruled in favor of one of its companies,
+  Suburban Bancorp of Bartlett (formerly Bartlett State Bank) on
+  claims against six former directors.
+      Suburban Bank of Barlett claimed that the former directors
+  breached their fiduciary duties and were negligent in opposing
+  Suburban Bancorp's tender offer in January 1985, costing
+  Bartlett State Bank several hundred thousand dollars.
+      It said a hearing to determine the amount of damages owed
+  to the bank was set for April 21.
+  
+
diff --git a/reuters/training/5662 b/reuters/training/5662
new file mode 100644
index 0000000000000000000000000000000000000000..b6892de744e756643091a9d9c4755e65ce3ae920
--- /dev/null
+++ b/reuters/training/5662
@@ -0,0 +1,6 @@
+AFFILIATED PUBLICATIONS INC <AFP> SETS PAYOUT
+  Qtrly div eight cts vs eight cts prior
+      Pay June 1
+      Record May 15
+  
+
diff --git a/reuters/training/5663 b/reuters/training/5663
new file mode 100644
index 0000000000000000000000000000000000000000..1702e338d2fd5a9da50555f75978306b7f80ef16
--- /dev/null
+++ b/reuters/training/5663
@@ -0,0 +1,6 @@
+FRANKLIN RESOURCES INC <BEN> QTLY DIVIDEND
+  Shr six cts vs six cts prior qtr
+      Pay April 10
+      Record March 27
+  
+
diff --git a/reuters/training/5664 b/reuters/training/5664
new file mode 100644
index 0000000000000000000000000000000000000000..305cbaf7e2274d324d1050b3bcdf8f1c78c27774
--- /dev/null
+++ b/reuters/training/5664
@@ -0,0 +1,5 @@
+TWA FILES APPLICATION SEEKING RIGHT TO RAISE USAIR STAKE TO 25 PCT
+
+  TWA FILES APPLICATION SEEKING RIGHT TO RAISE USAIR STAKE TO 25 PCT
+  
+
diff --git a/reuters/training/5665 b/reuters/training/5665
new file mode 100644
index 0000000000000000000000000000000000000000..e002e87211ff9e2a39dc2c044c947428ed207c7c
--- /dev/null
+++ b/reuters/training/5665
@@ -0,0 +1,12 @@
+COOPERVISION HAS 6.5 PCT OF COOPER LASER <ZAPS>
+  CooperVision Inc <EYE> told the
+  Securities and Exchange Commission it has acquired 1,420,500
+  shares of Cooper LaserSonics Inc, or 6.5 pct of the total
+  outstanding common stock.
+      CooperVision said it bought the stake for 2.9 mln dlrs for
+  investment purposes.
+      It said it might buy additional Cooper LaserSonics common
+  shares, but said it does not plan to boost its stake above 10
+  pct of the total outstanding.
+  
+
diff --git a/reuters/training/5667 b/reuters/training/5667
new file mode 100644
index 0000000000000000000000000000000000000000..1d1d21923f120e903068c7660595951eb01d680f
--- /dev/null
+++ b/reuters/training/5667
@@ -0,0 +1,22 @@
+DNA MEDICAL <DNAM> SIGNS PACT FOR STOCK SALE
+  DNA Medical Inc said Walter G.
+  Mize had bought about 9,400,000 shares, or about 33 pct of
+  DNA's outstanding stock, for 100,000 dlrs cash.
+      Under an agreement with Mize, DNA said he will also become
+  chairman, and may, at his option, expand the board to provide
+  him equal representation with the current board.
+      DNA also said it will submit a proposal at its annual
+  meeting for it to acquire three companies owned by Mize,
+  <Heritage Lite Meat Corp>, <National Lean Beef Corp> and
+  <Heritage Cattle <Corp>. DNA said the total value of the
+  transactions is 700,000 dlrs.
+      DNA said that when the transactions are approved by its
+  shareholders, it will issue additional shares of its common so
+  that Mize will own 80 pct of its issued and outstanding stock.
+      DNA said Mize will replace its current chairman, Donald
+  Holbrook, who will remain on the board.
+      The company also said it will continue in the medical
+  development business as "long as it is deemed to be
+  advantageous."
+  
+
diff --git a/reuters/training/5669 b/reuters/training/5669
new file mode 100644
index 0000000000000000000000000000000000000000..4d2c935018f5b424600f78e58501848f2e77900a
--- /dev/null
+++ b/reuters/training/5669
@@ -0,0 +1,6 @@
+<CANADIAN ROXY PETROLEUM LTD> YEAR NET
+  Shr profit five cts vs loss 23 cts
+      Net profit 916,000 vs loss 2,886,000
+      Revs 20.0 mln vs 28.2 mln
+  
+
diff --git a/reuters/training/5670 b/reuters/training/5670
new file mode 100644
index 0000000000000000000000000000000000000000..2ddd0e61dbd07517d75b9fc29ae16e7ac66d5ae0
--- /dev/null
+++ b/reuters/training/5670
@@ -0,0 +1,14 @@
+CITYFED <CTYF> TO SELL CONSUMER LENDING OFFICES
+  CityFed Financial Corp said
+  its City Federal Savings Bank has a preliminary agreement to
+  sell 14 consumer lending offices to <Goldome FSB> for
+  undisclosed terms.
+      Goldome is the largest mutual savings bank in the U.S.
+      CityFed said it decided to sell its consumer lending
+  offices outside its main market areas in New Jersey and Florida
+  to concentrate its resources to these markets.
+      The offices being sold operate under the name of City
+  Consumer Serices Inc in Arizona, Colorado, Illinois, Maryland,
+  New Mexico, Oregon and Virginia.
+  
+
diff --git a/reuters/training/5671 b/reuters/training/5671
new file mode 100644
index 0000000000000000000000000000000000000000..ec372911fbd50186d896e32ba4fe2de3babf46d9
--- /dev/null
+++ b/reuters/training/5671
@@ -0,0 +1,24 @@
+TRANS WORLD AIRLINES <TWA> FILES ON USAIR <U>
+  Trans World Airlines said it told the
+  Securities and Exchange Commission it does not intend to seek
+  control of USAir Group or to acquire more of its stock at this
+  time.
+      TWA also said it is amending its application with the
+  Department of Transportation to seek control of USAir.
+      The amendment said TWA reserves the right to seek control
+  of USAir in the future, that it intends to maintain its 15 pct
+  stake, and that it also is seeking the flexibility to acquire
+  up to 25 pct of USAir.
+      TWA said all USAir stock owned by it would be in a voting
+  trust and voted in the same proportion as the vote of all other
+  USAir shareholders.
+      TWA filed a 13-D with the Securities and Exchange
+  Commission, reporting its holding of 4,023,200 shares of USAir.
+  TWA has said the stake amounts to about 15 pct.
+      TWA also said that by order of the federal court in
+  Pittsburgh, it is temporarily barred from buying additional
+  shares of USAir pending a hearing March 23 to reconsider
+  USAir's application to expand the temporary restraining order
+  to a preliminary injunction.
+  
+
diff --git a/reuters/training/5672 b/reuters/training/5672
new file mode 100644
index 0000000000000000000000000000000000000000..0bb415b3e8f436d5ea8c17990efba1c4e37222a8
--- /dev/null
+++ b/reuters/training/5672
@@ -0,0 +1,13 @@
+FIRST BANK <FBS> AGREES TO SELL ANOTHER BANK
+  First Bank System Inc said it has
+  found a potential buyer for First Bank Luverne and its office
+  in Pipestone, Minnesota.
+      The bank holding company said 215 Holding Co, a corporation
+  controlled by the family of the late Robert Short, will buy
+  First Bank Luverne. The bank has 59.2 mln dlrs in assets.
+      First Bank, which announced plans in 1985 to restructure
+  its banking assets by offering to sell 28 of its banks with a
+  total of 45 offices, said agreements have now been signed for
+  43 of these offices.
+  
+
diff --git a/reuters/training/5675 b/reuters/training/5675
new file mode 100644
index 0000000000000000000000000000000000000000..b9219ceea0309c805fa51ad792af38eec4980a93
--- /dev/null
+++ b/reuters/training/5675
@@ -0,0 +1,11 @@
+AMERICAN INTERNATIONAL PETROLEUM TO BUY ASSETS
+  American International Petroleum Corp
+  <AIPN> said it agreed to acquire for one mln dlrs the assets of
+  a western Louisiana oil and gas company. American International
+  would not identify the company.
+      American said assets included nine leases totalling 2,600
+  acres, various working interests in 15 oil and gas wells on
+  that property, all equipment and machinery necessary for
+  operation, and a 50 pct interest in a nine-mile gas pipeline.
+  
+
diff --git a/reuters/training/5677 b/reuters/training/5677
new file mode 100644
index 0000000000000000000000000000000000000000..ab5d85cf39fb338e113d419a77f20bfb52e49263
--- /dev/null
+++ b/reuters/training/5677
@@ -0,0 +1,10 @@
+THREE D DEPARTMENTS INC <TDD> 2ND QTR JAN 31
+  Shr four cts vs 15 cts
+      Net 132,851 vs 501,537
+      Revs 10 mln vs 15.5 mln
+      Six mths
+      Shr 12 cts vs 24 cts
+      Net 409,383 vs 812,045
+      Revs 19.4 mln vs 29.1 mln
+  
+
diff --git a/reuters/training/5678 b/reuters/training/5678
new file mode 100644
index 0000000000000000000000000000000000000000..9e0e64b11b4653e60da0daf3d901871ffb40f469
--- /dev/null
+++ b/reuters/training/5678
@@ -0,0 +1,6 @@
+<CONSOLIDATED PIPE LINES CO> YEAR NET
+  Shr 1.19 dlrs vs 1.38 dlrs
+      Net 1,499,234 vs 1,713,941
+      Revs 23.2 mln vs 10.3 mln
+  
+
diff --git a/reuters/training/5679 b/reuters/training/5679
new file mode 100644
index 0000000000000000000000000000000000000000..e62e517141aa4fc2a924daee3fa1bd65b43c953e
--- /dev/null
+++ b/reuters/training/5679
@@ -0,0 +1,6 @@
+NEWCOR INC <NEW> 1ST QTR JAN 31 NET
+  Shr profit four cts vs loss 58 cts
+      Net profit 119,000 vs loss 1,629,000
+      Sales 18.4 mln vs 17.0 mln
+  
+
diff --git a/reuters/training/5680 b/reuters/training/5680
new file mode 100644
index 0000000000000000000000000000000000000000..ede73745baf53fbb59d055bfefb46c7a0b27988e
--- /dev/null
+++ b/reuters/training/5680
@@ -0,0 +1,14 @@
+SKYLINE CORP <SKY> 3RD QTR FEB 28
+  Shr 13 cts vs seven cts
+      Net 1,487,000 vs 778,000
+      Sales 64.4 mln vs 58.3 mln
+      Nine mths
+      Shr 66 cts vs 55 cts
+      Net 7,388,000 vs 6,127,000
+      Sales 223.0 mln vs 222.2 mln
+      NOTE: 1987 quarter and nine month earnings includes a gain
+  on sale of idle facilities of 406,000 dlrs, or four cts a share
+      1986 nine months earnings include gain on sale of idle
+  facilities of 377,000 dlrs, or three cts a share
+  
+
diff --git a/reuters/training/5682 b/reuters/training/5682
new file mode 100644
index 0000000000000000000000000000000000000000..e375d76aa7949c6a2d472955bbceb9cf933a87ab
--- /dev/null
+++ b/reuters/training/5682
@@ -0,0 +1,12 @@
+TECH DATA CORP <TECD> 4TH QTR ENDS JAN 31 NET
+  Shr 24 cts vs 13 cts
+      Net 771,000 vs 314,000
+      Revs 24.1 mln vs 11.3 mln
+      Avg shrs 3,234,000 vs 2,426,000
+      12 mths
+      Shr 65 cts vs 38 cts
+      Net 1,983,000 vs 904,000
+      Revs 71.5 mln vs 37.7 mln
+      Avg shrs 3,035,000 vs 2,371,000
+  
+
diff --git a/reuters/training/5683 b/reuters/training/5683
new file mode 100644
index 0000000000000000000000000000000000000000..85bd82d68c333a2887d441cb588d661813f6638b
--- /dev/null
+++ b/reuters/training/5683
@@ -0,0 +1,27 @@
+SENATE COMMITTEE MAY LOOK AT FUEL TAX PROPOSALS
+  The Senate budget committee sits
+  down tomorrow to start drafting a fiscal 1988 budget, with the
+  budget writers expected to look at several proposals for fuel
+  taxes and other tax options to cut the budget.
+      In a briefing book for the drafting sessions, a number of
+  revenue raising tax options are proposed, including a five dlrs
+  a barrel fee on domestic and imported oil, a fee just on
+  imported oil, and a broad based tax on domestic energy
+  consumption based on five pct of value.
+      Other proposals include various excise taxes and
+  combinations of import surcharges or tariffs, including a 10
+  pct import across the board import surcharge that would raise
+  22 billion dlrs next year alone, more in later years.
+      The committee, however, will only include revenue numbers
+  in its proposed budget with the actual revenue decisions left
+  to the House and Senate tax-writing committees.
+       The committee will draft a budget which its chairman, Sen
+  Lawton Chiles, a Florida Democrat, said he hopes would raise at
+  least 18 billion dlrs in revenues, or about half the minimum 36
+  billion dlr deficit reduction he has in mind.
+      The House Budget Committee also plans to start drafting a
+  separate budget plan later this week, which would have to be
+  reconciled with the Senate version. The final budget would be
+  the fiscal 1988 spending and revenue blueprint.
+  
+
diff --git a/reuters/training/5684 b/reuters/training/5684
new file mode 100644
index 0000000000000000000000000000000000000000..3e1744863558c64ad9aaf97b7b7b03543594595c
--- /dev/null
+++ b/reuters/training/5684
@@ -0,0 +1,34 @@
+BRAZIL TRADE SURPLUS RISES IN FEBRUARY
+  The trade surplus doubled in
+  february to 261 mln dlrs from January's 129 mln, but was  below
+  the 628 mln of February 1986, official figures show.
+      The director of the Banco do Brasil's foreign trade
+  department (CACEX), Roberto Fendt, told reporters the upturn in
+  February confirmed a rising trend in exports, which totalled
+  1.53 billion dlrs against 1.26 billion in January and, after
+  excluding coffee and oil derivitives, was only slightly below
+  the same month last year.
+      Coffee earnings were down to 110 mln dlrs against 295 mln
+  in February 1986 because of lower prices, he added.
+      Fendt said that although the February results were lower
+  than the average expected for the rest of the year, the
+  government's target of an eight-billion-dlr surplus for 1987
+  should be achieved. This would compare with a 1986 surplus of
+  9.5 billion dlrs.
+      Exports this year are expected to total 22.5 billion dlrs
+  and imports 14.5 billion, he added. In 1986 exports totalled
+  22.4 billion dlrs and imports 12.9 billion.
+      Fendt said the rise in imports in February to 1.27 billion
+  dlrs from 1.12 billion in February last year was in line with
+  government plans to foster economic growth.
+      Fendt said that imports were running at levels well above
+  the traditional average for Brazil.
+      In the first two months of the year imports, excluding oil
+  and wheat totalled, 1.8 billion dlrs against 1.47 billion in
+  the same 1986 period.
+      This rise in import demand reflected the needs of Brazilian
+  industry to equip to raise production and is perfectly
+  compatible with the government's program for economic growth,
+  Fendt added.
+  
+
diff --git a/reuters/training/5686 b/reuters/training/5686
new file mode 100644
index 0000000000000000000000000000000000000000..7858b14b50df72d8a82631594e199a286d633ef3
--- /dev/null
+++ b/reuters/training/5686
@@ -0,0 +1,13 @@
+ARMTEK <ARM> UNIT LEVERAGED BUYOUT COMPLETED
+  Condere Corp, formed by former
+  managers of Armtek Corp, said it completed the acquisition of a
+  tire plant and other assets of Armtek for undisclosed terms.
+      In addition to a tire manufacturing plant, Condere bought
+  S. and A. Truck Tire Sales and Service Corp, which operates 51
+  Sears Truck Tire Sales and Service Centers through a licensed
+  agreement with Sears Roebuck and Co <S>.
+      The plant will supply tires to Armtek's Armstrong Tire Co
+  as well as to several Sears Centers. Condere said it expects
+  first year revenues to be 90 mln dlrs.
+  
+
diff --git a/reuters/training/5687 b/reuters/training/5687
new file mode 100644
index 0000000000000000000000000000000000000000..7728fd5285ad84962bd0ba3ff588e9cb3ce43f26
--- /dev/null
+++ b/reuters/training/5687
@@ -0,0 +1,6 @@
+HORIZON BANCORP <HZB> SETS REGULAR PAYOUT
+  Qtrly div 34 cts vs 34 cts prior
+      Pay May 1
+      Record April 15
+  
+
diff --git a/reuters/training/5688 b/reuters/training/5688
new file mode 100644
index 0000000000000000000000000000000000000000..bc3154e90aa70ebd39d90624753c80d9dbde4bf0
--- /dev/null
+++ b/reuters/training/5688
@@ -0,0 +1,5 @@
+ASHLAND OIL CHAIRMAN SEES LOSS FROM OPERATIONS IN THE SECOND FISCAL QUARTER
+
+  ASHLAND OIL CHAIRMAN SEES LOSS FROM OPERATIONS IN THE SECOND FISCAL QUARTER
+  
+
diff --git a/reuters/training/5689 b/reuters/training/5689
new file mode 100644
index 0000000000000000000000000000000000000000..acac82c6e57c8f959861423710beb03b5d8d68d3
--- /dev/null
+++ b/reuters/training/5689
@@ -0,0 +1,12 @@
+HENLEY <HENG> TO ISSUE SUBSIDIARY'S SHARES
+  Henley Group Inc said it plans
+  to issue 20 pct of the common stock of its Fisher Scientific
+  Group Inc unit to Henley Group shareholders.
+      The company said it intends to issue one share of Fisher
+  Scientific for each 16 Henley shares held to shareholders of
+  record March 26. The distribution is scheduled for April six,
+  the company also said.
+      It said the Fisher shares will trade in the
+  over-the-counter market under the symbol FSHG.
+  
+
diff --git a/reuters/training/5690 b/reuters/training/5690
new file mode 100644
index 0000000000000000000000000000000000000000..033aeb23c0b7a80ebac7eb8b70bb92c48307459f
--- /dev/null
+++ b/reuters/training/5690
@@ -0,0 +1,61 @@
+SCHLUMBERGER <SLB> MAY HAVE ALTERNATE BUYER
+  Schlumberger Ltd most likely has an
+  alternate buyer lined up for its Fairchild Semiconductor unit,
+  Wall Street analysts said.
+      "I think its clear that in cancelling its agreement with
+  Fujitsu, Schlumberger has signaled that it has another deal in
+  the works," said Paul Johnson, a semiconductor analyst with
+  L.F. Rothschild.
+      "There are unquestionably other buyers out there," added
+  Kidder Peabody analyst Adam F. Cuhney. "A lot of companies have
+  looked at Fairchild and would be willing to buy it."
+      Among the companies that would be interested in bidding for
+  Fairchild are Advanced Micro Devices <AMD>, Sunnyvale, Calif.,
+  and LSI Logic Corp <LLSI>, Milpitas, Calif., industry analysts
+  said.
+      Top U.S. chipmakers like National Semiconductor Corp <NSM>,
+  Texas Instruments Inc <TXN> and Motorola Inc <MOT> might also
+  seek to buy Fairchild, but could possibly run into antitrust
+  problems, the analysts added.
+      Moreover, Fairchild's management is thought to be
+  considering proposing a leveraged buyout of the Cupertino,
+  Calif., company, analysts said.
+      In a brief statement announcing the termination of the
+  agreement with Fujitsu, Schlumberger said the decision opened
+  up other possibilities, including a possible buyout by
+  Fairchild management.
+      The company said it ended the deal, in which Fujitsu would
+  have bought 80 pct of Fairchild for an estimated 200 mln dlrs,
+  because rising opposition to the deal by the Reagan
+  administration made it unlikely that the sale could be
+  completed within a reasonable period of time.
+      Analysts questioned this explanation, however, arguing that
+  the companies did not need government approval to complete the
+  transaction. Both Schlumberger and Fujitsu are foreigned-owned
+  companies.
+      "Schlumberger would not have terminated the deal because
+  the U.S. government didn't want it," said Johnson of L.F.
+  Rothschild.
+      A spokesman for Schlumberger declined to elaborate on the
+  company's news release.
+      He said only that the company was reviewing a number of
+  possible alternatives for the Fairchild unit.
+      Officials at Fairchild and Fujitsu were not immediately
+  available for comment.
+      Analysts noted the significance of the government's
+  apparent success in preventing Fujitsu from taking control of
+  Fairchild.
+      Administration officials, including Commerce Secretary
+  Malcolm Baldrige and Defense Secretary Caspar Weinberger,
+  feared that the sale to Fujitsu would lead to Japanese control
+  of key semiconductor technology for supercomputers and military
+  weapons systems.
+      "The government really stood up for the semiconductor
+  industry," said Johnson of L.F. Rothschild. "That, I think, is
+  the real significance of this."
+      Consequently, analysts said, the Japanese government might
+  now feel more pressure to address U.S. complaints about
+  Japanese chipmakers' violation of the semiconductor trade
+  agreement signed last summer.
+  
+
diff --git a/reuters/training/5692 b/reuters/training/5692
new file mode 100644
index 0000000000000000000000000000000000000000..aea5ab1d9699490e825667b6d18aa0c5b212932e
--- /dev/null
+++ b/reuters/training/5692
@@ -0,0 +1,34 @@
+BRAZIL'S TRADE SURPLUS DOUBLED IN FEBRUARY
+  Brazil's trade surplus doubled
+  in February to 261 mln dlrs from January's 129 mln but was well
+  below the 628 mln dlrs of February last year, official figures
+  show.
+      Director of the Banco do Brasil's foreign trade department
+  (CACEX), Roberto Fendt, told reporters the upturn in February
+  confirmed a rising trend in exports which totalled 1.53 billion
+  dlrs against 1.26 billion in January and, after excluding
+  coffee and oil derivatives, was only slightly below the same
+  month last year.
+      Coffee earnings were down to 110 mln dlrs against 295 mln
+  in February, 1986, because of lower prices, he added.
+      Fendt said although the February results were lower than
+  the average expected for the rest of the year, the government's
+  target of an eight billion dlr surplus for 1987 should be
+  achieved. This would compare with a 1986 surplus of 9.5 billion
+  dlrs.
+      Exports this year are expected to total 22.5 billion dlrs
+  and imports 14.5 billion, he added. In 1986 exports totalled
+  22.4 billion dlrs and imports 12.9 billion.
+      Fendt said the rise in imports in February to 1.27 billion
+  dlrs from 1.12 billion in February last year was in line with
+  government plans to foster economic growth.
+      Fendt said imports were running at levels well above the
+  traditional average for Brazil.
+      Imports in the first two months of the year, excluding oil
+  and wheat, totalled 1.8 billion dlrs against 1.47 billion in
+  the same 1986 period.
+      This rise reflected industry's need for equipment to raise
+  production and is perfectly compatible with the government's
+  program for economic growth, Fendt added.
+  
+
diff --git a/reuters/training/5693 b/reuters/training/5693
new file mode 100644
index 0000000000000000000000000000000000000000..e4a25f1edd0aab4d404ea4987a1978a6535337af
--- /dev/null
+++ b/reuters/training/5693
@@ -0,0 +1,13 @@
+PENN CENTRAL <PC> SELLS U.K. UNIT
+  SAFT, a unit of Cie Generale
+  d'Electricite of France, said it bought U.K.-based Alcad Ltd
+  from Penn Central Corp's Marathon Manufacturing Cos Inc.
+      Terms of the deal were not disclosed.
+      Alcad is one of the world's largest producers of
+  pocket-plate nickel-cadmium storeage batteries, used in
+  industrial and railroad applications to start engines and as
+  light sources, SAFT said.
+      SAFT said it expects to add 400 jobs at the U.K.
+  operations.
+  
+
diff --git a/reuters/training/5694 b/reuters/training/5694
new file mode 100644
index 0000000000000000000000000000000000000000..e640367b119bb866d6151cb91ae4ee91d4e25c3a
--- /dev/null
+++ b/reuters/training/5694
@@ -0,0 +1,6 @@
+<SILICON VALLEY BANCSHARES> SETS STOCK PAYOUT
+  Silicon Valley Bancshares
+  said it declared a five pct stock dividend, payable May 1 to
+  shareholders of record April 1.
+  
+
diff --git a/reuters/training/57 b/reuters/training/57
new file mode 100644
index 0000000000000000000000000000000000000000..5e6b867616d846261e2dd5bf40d46e5d6282e5fd
--- /dev/null
+++ b/reuters/training/57
@@ -0,0 +1,13 @@
+CCC CREDITS FOR HONDURAS SWITCHED TO WHITE CORN
+  The Commodity Credit Corporation (CCC)
+  announced 1.5 mln dlrs in credit guarantees previously
+  earmarked to cover sales of dry edible beans to Honduras have
+  been switched to cover sales of white corn, the U.S.
+  Agriculture Department said.
+      The department said the action reduces coverage for sales
+  of dry edible beans to 500,000 dlrs and creates the new line of
+  1.5 mln dlrs for sales of white corn.
+      All sales under the credit guarantee line must be
+  registered  and shipped by September 30, 1987, it said.
+  
+
diff --git a/reuters/training/5701 b/reuters/training/5701
new file mode 100644
index 0000000000000000000000000000000000000000..8cb9883789e0cb390c45d98b38527b0282809325
--- /dev/null
+++ b/reuters/training/5701
@@ -0,0 +1,6 @@
+DI GIORGIO CORP <DIG> QTLY DIVIDEND
+  Shr 16 cts vs 16 cts prior qtr
+      Pay May 15
+      Record April 17
+  
+
diff --git a/reuters/training/5702 b/reuters/training/5702
new file mode 100644
index 0000000000000000000000000000000000000000..a17994063bc1bedea4968eccdfda41509416aad0
--- /dev/null
+++ b/reuters/training/5702
@@ -0,0 +1,44 @@
+SOYBEAN GROUPS MEET WITH LYNG TO DISCUSS LOAN
+  A high-level meeting last week which
+  included the Secretary of Agriculture and other senior  USDA
+  officials, along with leaders of the major soybean lobbying
+  groups, failed to reach any decision on what should be done
+  about the soybean loan level, participants at the meeting told
+  Reuters.
+      "We didn't feel a lot was accomplished last week, but we
+  were delighted to meet with the Secretary, and he didn't close
+  the door on anything," a member of the soybean delegation said.
+      At issue is the current soybean loan and the fact that at
+  the present level of 4.77 dlrs (without Gramm-Rudman
+  reductions) it encourages foreign soybean production by making
+  soybeans more profitable to grow than corn.
+      But while recognizing that soybeans are priced too high in
+  relation with corn, soybean groups have pledged their support
+  to maintaining current price supports for soybean growers.
+      Leaders of the American Soybean Association and the
+  National Soybean Processors Association offered specific loan
+  options to USDA Secretary Lyng in last week's meeting, but
+  participants would not reveal what those options were.
+      "There were no surprises in our package," one participant
+  said. Bandied about for several weeks has been the idea of
+  offering producers soybean loans partially in cash and in
+  certificates.
+      The most prevailing scheme would be to pay a 4.77 loan with
+  77 cts worth of soybean-specific certificates which would not
+  have to be paid back and the remaining four dlrs in cash.
+      This would have the effect of lowering the world price,
+  maintaining domestic support levels and reducing the
+  government's soybean inventory.
+      A marketing loan for soybeans was not discussed at last
+  week's meeting, participants said.
+      One member of the soybean delegation said that the meeting
+  was a "listening session" for USDA, and that the proposals will
+  now be studied further by the Department.
+      USDA officials, however, would not commit to any time
+  frame. Participants in the meeting do not look for changes in
+  the soybean loan to be announced in the near future.
+      "USDA is very sensitive about saying anything that could
+  influence the market, so the Secretary was very non-committal,"
+  a participant said.
+  
+
diff --git a/reuters/training/5706 b/reuters/training/5706
new file mode 100644
index 0000000000000000000000000000000000000000..c8767274a53957ad26a3cdaf0bdc2c619aa831a8
--- /dev/null
+++ b/reuters/training/5706
@@ -0,0 +1,25 @@
+U.S. HEATING OIL FUTURES UP SHARPLY IN APRIL
+  A supply shortage of number two oil in
+  New York for prompt delivery boosted the April heating oil
+  contract on U.S. energy futures, traders said.
+      Crude oil futures followed but gasoline futures lagged.
+  April heating oil ended 1.24 cts higher to 51.65 cts a gallon,
+  while April crude settled 28 cts higher at 18.64 dlrs.
+      "The rally was led by spot month heating oil contract,
+  which seemed to move higher because of tigtened prompt
+  deliveries in New York Harbor," said James Ritterbusch, vice
+  president at Paine Webber Inc in Chicago.
+      April gasoline was 0.28 cent higher at 53.15 cts a gallon.
+      Ritterbusch said the market also found support from a
+  report in the Middle East Economics Survey that said that OPEC
+  oil output was down to about 14 mln barrels per day in the
+  second week of March.
+      "There was not a lot of interest to sell the market because
+  of belief in OPEC," said Richard Redoglia, a broker with
+  Merrill Lynch Futures Inc.
+      Redoglia and Ritterbusch said April heating oil could
+  continue to rally above 53 cts a gallon, while crude futures
+  could test 19 dlrs a barrel before profit-taking stunts the
+  move higher.
+  
+
diff --git a/reuters/training/5707 b/reuters/training/5707
new file mode 100644
index 0000000000000000000000000000000000000000..a4325cc64fd7fb044e85bc99f70705b7b5b921fd
--- /dev/null
+++ b/reuters/training/5707
@@ -0,0 +1,7 @@
+TRANSAMERICA INCOME <TAI> MONTHLY DIVIDEND
+  Shr 19 cts vs 19 cts prior period
+      Pay April 15
+      Record March 31
+      Note: Full name Transamerica Income Shares Inc.
+  
+
diff --git a/reuters/training/5708 b/reuters/training/5708
new file mode 100644
index 0000000000000000000000000000000000000000..7a4f1e5cda54c94f2ddc1171a8c3c6c5cafb8758
--- /dev/null
+++ b/reuters/training/5708
@@ -0,0 +1,14 @@
+MCDERMOTT <MDR> SAYS STAKE VIOLATES LAW
+  McDermott International Inc said
+  the purchase of a 5.4 pct block of its stock was an apparent
+  violation of the laws of Panama, its country of incorporation.
+      The company said a detailed disclosure of an acquisition
+  offer must be made to the Panamanian National Securities
+  Commission or to the target's board before acquiring more than
+  five pct stake.
+      It said transfers of securities in violation of these
+  Panamanian regulations are invalid.
+      The company was not immediately available to say who had
+  acquired the 5.4 pct block of stock.
+  
+
diff --git a/reuters/training/5710 b/reuters/training/5710
new file mode 100644
index 0000000000000000000000000000000000000000..1bfec09a82b112701b9aed2794b2b069831abf2d
--- /dev/null
+++ b/reuters/training/5710
@@ -0,0 +1,52 @@
+ICAHN SAYS HE IS TARGET OF SEC INVESTIGATION
+  Corporate raider Carl Icahn
+  acknowledged that he is one of the targets of an investigation
+  by the Securities and Exchange Commission into possible
+  violations of securities laws.
+      Icahn, who heads and controls Trans World Airlines Inc
+  <TWA>, made the acknowledgement in a filing TWA was required to
+  make with the SEC disclosing its 14.8 pct stake in USAir Group.
+      The SEC issued a formal order launching the private
+  investigation on Nov 12, 1986, Icahn said in the SEC filing.
+      The order empowers SEC investigators to try to find out
+  whether any persons, including Icahn, violated securities laws
+  and related rules, Icahn said.
+      Specifically, the probe is examining the acquisition and
+  subsequent sale of more than five pct of the stock of certain
+  unspecified companies, he said.
+      Federal law requires individuals or groups of individuals
+  who have made shareholder agreements, to disclose stakes in
+  companies of at least five pct within 10 days.
+      Icahn has acknowledged that he has been subpoenaed in
+  connection with SEC probes, but this is the first time he has
+  disclosed that he is among those being investigated.
+      By making the disclosure in a filing with the SEC, which is
+  obviously already aware of its own probe, Icahn was also
+  alerting current and potential shareholders of TWA.
+      It is not uncommon for companies which are aware that they
+  or their officers are the targets of government probes to
+  acknowledge the existence of the otherwise secret
+  investigations to fulfill their legal disclosure requirements
+  to their shareholders.
+      Icahn said the SEC is looking into whether he and others
+  whom he did not name violated securities laws by acquiring and
+  selling more than five pct of a company's stock.
+      SEC investigations into those kinds of possible securities
+  law violations have been spawned by the agency's widening probe
+  into the Wall Street insider trading scandal, according to
+  published reports.
+      Making late filings of 13D forms, which disclose the amount
+  of stock over five pct an investor has in a company, or making
+  no filing at all could indicate a scheme to "warehouse" shares
+  of stock.
+      In a warehousing scheme, a group of investors acting in
+  concert would each amass stock in the company without
+  disclosing that they have an agreement among them.
+      By failing to disclose that they are acting together the
+  market is unware of the amount of stock of a company that is
+  controlled by a group acting in concert.
+      Last year, the SEC charged members of the wealthy Belzberg
+  family of Canada with taking part in a warehousing scheme while
+  it was accumulating stock in Ashland Oil Inc.
+  
+
diff --git a/reuters/training/5711 b/reuters/training/5711
new file mode 100644
index 0000000000000000000000000000000000000000..9297d22b34fca036aef21f4b3c23e48c126e1545
--- /dev/null
+++ b/reuters/training/5711
@@ -0,0 +1,46 @@
+SMITHKLINE <SKB> AIMS FOR 10 PCT EARNINGS RAISE
+  SmithKline Beckman Corp said it is
+  pursuing a three-point stragey that will achieve a 10 pct
+  annual increase in operating earnings throughout the remainder
+  of the decade.
+      In 1986, SmithKline earned 521.1 mln dlrs or 6.78 dlrs per
+  share on revenues of 3.6 billion dlrs.
+      The company said in its annual report that its
+  nonpharmaceutical business will play a major role in meeting
+  its earnings growth target, and will in fact grow faster than
+  its pharmaceutical business.
+      SmithKline, whose major product is the antiulcer medication
+  Tagamet, said in the report that it intends to improve earnings
+  from existing products, expand its product portfolio and
+  optimize its financial resources.
+      To bolster its position in the antiulcer market, in which
+  Tagamet has met stiff competition, SmithKline said its strategy
+  to develop an over-the-counter version of Tagamet is bolstered
+  by two joint ventures, one with <Wellcome PLC>, and one pending
+  venture in Japan.
+      SmithKline also said its Allergan Inc eye and skin care
+  products division can be a one billion dlr organization in the
+  next five years that can grow at more than seven to 10 pct
+  annually.
+      "Nondilutive acquisitions are a real possibility," Gavin
+  Herbert, president of the eye and skin care product group said
+  in the report. In 1986, Allergan had worldwide sales of 433 mln
+  dlrs.
+      It said its Smith Kline and French Laboratories
+  pharmaceuticals unit, with 1986 sales of 1.9 billion dlrs, will
+  file for Food and Drug Administration marketing approval for a
+  number of cardiovascular agents, including tissue plasminogen
+  activator, over the next two years.
+      It also said SK and F's U.S. sales force will be 20 pct
+  larger in 1987, with more than 1,000 sales personnel.
+      Smith Kline also said its small clinical laboratory testing
+  unit, with 1986 sales of 373 mln dlrs, performs 24 mln tests a
+  year, and sees increases in employee drug testing as well as in
+  testing for the AIDS antibody.
+      Smith Kline said that depending on its share price and the
+  cost of money, it may buy back more shares. In the last three
+  years, it has bought back about 25 pct of its shares.
+      SmithKline begins the year with a new management team,
+  including its new chief operating officer George Ebright.
+  
+
diff --git a/reuters/training/5712 b/reuters/training/5712
new file mode 100644
index 0000000000000000000000000000000000000000..0b88a714de7a73302bb953e3e2351f792e3711f7
--- /dev/null
+++ b/reuters/training/5712
@@ -0,0 +1,23 @@
+ASHLAND OIL <ASH> SEES 2ND QTR OPER LOSS
+  Ashland Oil Inc said it expects to
+  report a loss from operations in the second quarter.
+      The company also said it expects to report a 10 mln dlrs
+  net gain in the quarter from excess pension funds used to pay
+  down debt. "However, it is difficult to determine now whether
+  this gain will be sufficient to offset the expected operating
+  loss," the company said in a statement. A company spokesman
+  would not elaborate.
+      The company's Ashland Petroleum Co unit operated at a loss
+  in January and February since it was unable to raise product
+  prices enough to recover higher crude oil costs, Ashland said.
+      Although Ashland Petroleum and SuperAmerica, a retail
+  marketing operation, are having a difficult quarter, the
+  company's Valvoline, Ashland Chemical and coal businesses are
+  expected to report good results for the quarter ended March 31.
+      In the year-ago quarter, Ashland had income from operations
+  of 93.8 mln dlrs before corporate and interest expenses, taxes,
+  equity income and other items.
+      Net income in the quarter was 39.4 mln dlrs or 1.12 dlrs a
+  share on sales of 1.78 billion dlrs.
+  
+
diff --git a/reuters/training/5713 b/reuters/training/5713
new file mode 100644
index 0000000000000000000000000000000000000000..8237f5213feb166d096c07f2bfcdb0cab5cb4e7c
--- /dev/null
+++ b/reuters/training/5713
@@ -0,0 +1,16 @@
+AMERITRUST <AMTR> SELLS TWO MLN SHARES
+  Ameritrust Corp said it sold two mln
+  shares of its common stock to an investment group named
+  Clevebaco Ltd Partnership.
+      The partnership is controlled by Alfred Lerner, and a
+  subsidiary of the Progressive Corp <PROG> is the limited
+  partner, according to the company.
+      Ameritrust said it was advised that the Clevebaco group has
+  filed an application with bank regulatory authorities seeking
+  permission to acquire up to an additional three mln shares of
+  Ameritrust common stock.
+      The company said the group indicated to it that it had no
+  hostile takeover intent toward Ameritrust, and that the
+  purchase was for investment purposes.
+  
+
diff --git a/reuters/training/5715 b/reuters/training/5715
new file mode 100644
index 0000000000000000000000000000000000000000..0ea7d7fc591a0d1ca169f07510abc18f4b3f4e97
--- /dev/null
+++ b/reuters/training/5715
@@ -0,0 +1,5 @@
+BANKAMERICA CHAIRMAN SAYS BANK IS TURNING AROUND, HEADING TO PROFITABILITY
+
+  BANKAMERICA CHAIRMAN SAYS BANK IS TURNING AROUND, HEADING TO PROFITABILITY
+  
+
diff --git a/reuters/training/5716 b/reuters/training/5716
new file mode 100644
index 0000000000000000000000000000000000000000..3e715e31a57356e5281fae079a85639049939d5b
--- /dev/null
+++ b/reuters/training/5716
@@ -0,0 +1,7 @@
+<GENERAL LEASEHOLDS LTD> YEAR NET
+  Shr 30 cts vs 53 cts
+      Net 868,000 vs 728,000
+      Revs 7,300,000 vs 6,500,000
+      Avg shrs 3,000,000 vs 750,000
+  
+
diff --git a/reuters/training/5717 b/reuters/training/5717
new file mode 100644
index 0000000000000000000000000000000000000000..fd51ab686eb563aa8b8ecfb0fccc4c2b17dfadc9
--- /dev/null
+++ b/reuters/training/5717
@@ -0,0 +1,32 @@
+BRITISH FARM MINISTER ATTACKS SUBSIDIES
+  Farm subsidies and protectionist
+  moves threaten healthy trade on both sides of the Atlantic,
+  Michael Jopling, British minister of Agriculture, Fisheries and
+  Food, warned.
+      "It would not be sensible to provoke another dispute between
+  Europe and the United States," Jopling said in remarks prepared
+  for an evening speech.
+      "But some things are clear and they apply on both sides of
+  the Atlantic. We cannot continue to pile up stocks while world
+  demand shrinks," he said.
+      "Governments must not operate farm policies as if they were
+  purely domestic affairs with no impact on others. They also
+  have to recognize that they cannot in the long run develop a
+  healthy and stable farm sector on the basis of protectionism
+  and excessive subisdies.
+      "And above all, Europe and the United States have too many
+  common interests to make it worthwhile to engage in trade wars
+  and competitive export subsidies which end by benefitting no
+  one." He added, "It is crucial that the United States and the
+  European Community remain friends."
+      Jopling, who is a member of the EC agriculture committee,
+  was in Indiana to visit several farms prior to talks with U.S.
+  officials in Washington later this week.
+      Jopling also criticized a recent proposal still under
+  consideration by the EC for a tax on vegetable and fish oils.
+      He said his government would oppose such a move because "We
+  do not think it is correct that a shortage of funds to support
+  (EC) farmers should be alleviated by raising money at the
+  consumer's expense."
+  
+
diff --git a/reuters/training/5719 b/reuters/training/5719
new file mode 100644
index 0000000000000000000000000000000000000000..fccec6c18ba1b0216354c3db0c8c0fe0758f2218
--- /dev/null
+++ b/reuters/training/5719
@@ -0,0 +1,21 @@
+BANKAMERICA <BAC> CHAIR SAYS BANK TURNING AROUND
+  BankAmerica Corp Chairman A.W.
+  Clausen said the bank holding company is turning around and is
+  back on the road to profitability.
+      In a speech to the San Francisco Chamber of Commerce,
+  Clausen said he was "absolutely convinced" BankAmerica would
+  return to its position of preeminence.
+      "Fundamental to achieving that goal is to continue to
+  reduce costs dramatically, to get our arms around our loan loss
+  problems and begin to reduce charge-offs, and to enhance our
+  revenue generation," Clausen said.
+      Clausen said he doubts BankAmerica would be in a position
+  this year to make any acquisitions or experience any growth.
+      He said BankAmerica will continue to reduce staff and
+  operations, noting that expense growth in 1986 increased only
+  one pct over 1985 expenses.
+      Clausen also said it will continue to phase out its
+  overseas retail banking and concentrate on wholesale banking,
+  with emphasis on a premium list of multinational corporations.
+  
+
diff --git a/reuters/training/5720 b/reuters/training/5720
new file mode 100644
index 0000000000000000000000000000000000000000..f61d0a7f36b26e51c7f836ea8936ab466b7706b8
--- /dev/null
+++ b/reuters/training/5720
@@ -0,0 +1,6 @@
+ROCHESTER TELEPHONE CORP <RTC> SETS DIVIDEND
+  Qtly div 66 cts vs 66 cts
+      Pay May one
+      Record April 15
+  
+
diff --git a/reuters/training/5721 b/reuters/training/5721
new file mode 100644
index 0000000000000000000000000000000000000000..fb3dfa62729a3ebd5b2231752e48a90de73eb317
--- /dev/null
+++ b/reuters/training/5721
@@ -0,0 +1,6 @@
+AUGAT INC <AUG> SETS QUARTERLY DIVIDEND
+  Qtly div 10 cts vs 10 cts
+      Pay April 30
+      Record April 10
+  
+
diff --git a/reuters/training/5722 b/reuters/training/5722
new file mode 100644
index 0000000000000000000000000000000000000000..c0e95bc57ba9cf8ef2646c28582a7c21005cd058
--- /dev/null
+++ b/reuters/training/5722
@@ -0,0 +1,6 @@
+PHH GROUP <PHH> REGULAR QTLY DIVIDEND
+  Qtly div 26 cts vs 26 cts prior
+      Pay April 30
+      Record April 10
+  
+
diff --git a/reuters/training/5723 b/reuters/training/5723
new file mode 100644
index 0000000000000000000000000000000000000000..b2d21c160c4fa7308dbbea96b8a060da52fdac8e
--- /dev/null
+++ b/reuters/training/5723
@@ -0,0 +1,10 @@
+TELCO SYSTEMS INC <TELC> 2ND QTR MARCH ONE LOSS
+  Shr loss nine cts vs profit 14 cts
+      Net loss 773,000 vs profit 1,618,000
+      Revs 16.3 mln vs 26.7 mln
+      Six mths
+      Shr loss 56 cts vs profit 27 cts
+      Net loss 4,763,000 vs profit 3,398,000
+      Revs 29.3 mln vs 49.9 mln
+  
+
diff --git a/reuters/training/5724 b/reuters/training/5724
new file mode 100644
index 0000000000000000000000000000000000000000..a52c1d5f491829586276507a479d618950ce6c57
--- /dev/null
+++ b/reuters/training/5724
@@ -0,0 +1,24 @@
+U.S. DECLINES COMMENT ON SCHLUMBERGER<SLB> MOVE
+  A U.S. Commerce Department spokesman
+  said the agency would have no comment on Schlumberger Ltd's
+  announcement that it had terminated an agreement in principle
+  to sell its Fairchild Semiconductor Corp unit to Fujitsu Ltd.
+      Sclumberger had said that controversy surrounding the
+  venture made it unlikely the sale could be completed any time
+  soon. The sale was opposed by Commerce and the U.S. Defense
+  Department, in part on national security grounds.
+      Commerce chief spokesman B.J. Cooper said the department
+  had had no contact with Schlumberger about the deal.
+      A Defense Department spokesman said the agency was unaware
+  of Schlumberger's announcement and would have no immediate
+  reaction.
+      Officials last week told Reuters that Commerce Secretary
+  Malcolm Baldrige and Defense Secretary Caspar Weinberger had
+  joined forces to fight the planned sale because it could have
+  left the U.S. military overly dependent on foreign sources for
+  vital equipment used in high-technology weapons.
+      Administration opposition to the deal also stemmed from
+  ongoing trade tensions between the United States and Japan,
+  officials said.
+  
+
diff --git a/reuters/training/5725 b/reuters/training/5725
new file mode 100644
index 0000000000000000000000000000000000000000..ebff051addcd6cb3ed06cf9bf51071403ca115d9
--- /dev/null
+++ b/reuters/training/5725
@@ -0,0 +1,13 @@
+PRECISION TARGET MARKETING INC <PTMI> 3RD QTR
+  Shr profit one cts vs loss two cts
+      Net 74,000 vs loss 122,000
+      Revs 1.7 mln dlrs vs 1.4 mln
+      Nine months
+      Shr profit five cts vs loss 10 cts
+      Net profit 299,000 vs loss 624,000
+      Revs 5.1 mln vs 3.7 mln
+      NOTE:3rd qtr ended January 31. 1987 3rd qtr and nine months
+  includes 36,000 dlrs and 129,000 dlrs gains respectively from
+  tax loss carryforward.
+  
+
diff --git a/reuters/training/5727 b/reuters/training/5727
new file mode 100644
index 0000000000000000000000000000000000000000..8ec92e3aad0a419111c810cefdd4e5ce22751dc5
--- /dev/null
+++ b/reuters/training/5727
@@ -0,0 +1,36 @@
+ROYAL BANK/CANADA BRAZIL UNIT SEES GROWTH
+  Royal Bank of Canada's <RY> small
+  Brazilian commercial bank subsidiary Banco Royal do Canada
+  (Brasil) S.A. sees opportunities for its own growth with an
+  expected substantial increase in Brazilian exports to Canada,
+  Banco Royal president Michael Brennan said.
+      "They (Brazilian exporters) are very interested in the
+  Canadian market because it's an untapped market," Brennan told
+  reporters after a speech to the Brazil/Canada Chamber of
+  Commerce.
+      Brennan said Brazil is currently exporting products like
+  paper machinery and ships to Canada.
+      He said he hopes to see medium-term financing facilities
+  for Brazilian companies reinstated shortly, following an
+  agreement reached in January with international financial
+  authorities.
+      Brennan estimated Brazilian exports to Canada totalled
+  roughly 800 mln Canadian dlrs in 1985 while imports from Canada
+  reached about 700 mln dlrs.
+      Brennan said he expects Banco Royal profit to increase this
+  year from the three mln U.S. dlrs reported for fiscal 1986
+  ended September 30 but said he could not predict by how much
+  because of the country's uncertain financial climate.
+      Brennan said he expects his bank's growth to come from
+  increased exports to Canada. Banco Royal is the only
+  Canadian-owned commercial bank in Brazil although <Bank of
+  Montreal> has a Brazilian investment bank subsidiary, he said.
+      Brennan said he expected Brazil to be able to reach an
+  equitable agreement with foreign banks on restructuring its 68
+  billion U.S. dlr foreign debt, because the Brazilian economy is
+  essentially healthy. He said he believed Brazil might be in a
+  position to resume debt repayments within a year.
+      Brennan said he could not comment on the impact of Brazil's
+  interest payment moratorium on the Royal Bank of Canada.
+  
+
diff --git a/reuters/training/5729 b/reuters/training/5729
new file mode 100644
index 0000000000000000000000000000000000000000..c7199db9335c876d20d716756fd959128a01430a
--- /dev/null
+++ b/reuters/training/5729
@@ -0,0 +1,6 @@
+AFFILIATED PUBLICATIONS INC <AFP> SETS DIVIDEND
+  Qtly div eight cts vs eight cts
+      Pay June one
+      Record May 15
+  
+
diff --git a/reuters/training/5731 b/reuters/training/5731
new file mode 100644
index 0000000000000000000000000000000000000000..ffe207d6b2f603b99382af05e69e7b3074ef753b
--- /dev/null
+++ b/reuters/training/5731
@@ -0,0 +1,10 @@
+ASTRO-MED INC <ALOT> 4TH QTR NET
+  Shr 10 cts vs nine cts
+      Net 217,000 vs 192,000
+      Revs 3,325,000 vs 2,506,000
+      Year
+      Shr 31 cts vs 43 cts
+      Net 660,000 vs 932,000
+      Revs 12.2 mln vs 10.7 mln
+  
+
diff --git a/reuters/training/5732 b/reuters/training/5732
new file mode 100644
index 0000000000000000000000000000000000000000..6f4992abeb2d9aec180429228686070c563c1456
--- /dev/null
+++ b/reuters/training/5732
@@ -0,0 +1,12 @@
+CENTRAL PENNSYLVANIA <CPSA> BUYS STAKE IN FIRM
+  Central Pennsylvania Savings
+  Association said it made a 30 pct investment in <Pinnacle
+  Mortgage Investment Co>.
+      Terms were not disclosed.
+      Pinnacle, incorporated in 1985, generates about 60 mln dlrs
+  in closed mortgage loans annually.
+      Central Pennsylvania also said its directors recently
+  approved a letter of intent to acquire Hamilton-Reliance
+  Savings Association of Norristown, Pa.
+  
+
diff --git a/reuters/training/5734 b/reuters/training/5734
new file mode 100644
index 0000000000000000000000000000000000000000..b3b1f4ae5a73b7c7087fb9e64a99da09894581c7
--- /dev/null
+++ b/reuters/training/5734
@@ -0,0 +1,13 @@
+N.Z. PORTS REOPEN, BUT FURTHER CLOSURES POSSIBLE
+  Harbour workers returned to work
+  this morning after a strike in support of pay claims closed New
+  Zealand's 15 ports for 24 hours yesterday.
+      But the Harbour Workers Union told reporters the pay
+  dispute is not settled and the union's national executive will
+  meet here tomorrow to decide its next moves.
+      "Obviously we will be considering further industrial action,"
+  Union secretary Ross Wilson said in a radio interview.
+      The union rejects employers offers of a 7.5 pct pay rise
+  over 15 months. It wants 7.0 pct over 12 months.
+  
+
diff --git a/reuters/training/5737 b/reuters/training/5737
new file mode 100644
index 0000000000000000000000000000000000000000..8b1b467fb250d645545f0f24a66f0a45e64e11b3
--- /dev/null
+++ b/reuters/training/5737
@@ -0,0 +1,13 @@
+ATCOR <ATCO> SAYS OUTLOOK DEPENDS ON STEEL
+  Atcor Inc said the magnitude of any
+  earnings recovery in fiscal 1987 depends on the direction of
+  steel pricing and how fast the company's severe operating
+  problems in its consumer segment are resolved.
+      Atcor's consumer segment represents about 25 pct of its
+  sales. In a letter to shareholders the company said that that
+  part of its business continues to be unprofitable.
+      Atcor said it does not expect performance improvements in
+  the first quarter to be sustained throughout the year due to
+  increasing raw material costs.
+  
+
diff --git a/reuters/training/5738 b/reuters/training/5738
new file mode 100644
index 0000000000000000000000000000000000000000..24ba3e0dd32408c9158ff3dc5c845ad537cb315e
--- /dev/null
+++ b/reuters/training/5738
@@ -0,0 +1,12 @@
+ZZZZ BEST CO INC <ZBST> 3RD QTR NET
+  Shr 14 cts vs four cts
+      Net 1,474,000 vs 286,000
+      Revs 15.5 mln vs 1.4 mln
+      Avg shrs 10.6 mln vs 7.5 mln
+      Nine mths
+      Shr 38 cts vs eight cts
+      Net 3,387,000 vs 588,000
+      Revs 33.4 mln vs 2.9 mln
+      Avg shrs 8.8 mln vs 7.5 mln
+  
+
diff --git a/reuters/training/5739 b/reuters/training/5739
new file mode 100644
index 0000000000000000000000000000000000000000..5e75802414e9a3f5bda4f8584f32084835d49c51
--- /dev/null
+++ b/reuters/training/5739
@@ -0,0 +1,21 @@
+PACIFIC LIGHTING <PLT> CONSIDERS UNIT SALE
+  Pacific Lighting Corp said it is
+  considering the sale of its land development line of business
+  and will be initiating discussions with potential buyers.
+      The book value of the company's investment in land
+  development operations is 224 mln dlrs. The Pacific Lighting
+  Real Estate Group earned 24.2 mln dlrs and employed 800 people
+  during 1986, the company said.
+      Alternatives to the sale being considered include a master
+  limited partnership and an initial public offering of the
+  equity in the land development companies, it said.
+      Proceeds from the sale would likely be invested in Pacific
+  Lightings' new specialty retailing line of business and its oil
+  and gas operations, the company said.
+      The investment banking firm Morgan Stanley has been
+  retained to advise Pacific Lighting on the disposition of the
+  land development operations.
+      Completion of a transaction, it one is made, is expected by
+  the end of the year, the company said.
+  
+
diff --git a/reuters/training/5740 b/reuters/training/5740
new file mode 100644
index 0000000000000000000000000000000000000000..32d1aa312cec4e380c64995c068658c575cc4319
--- /dev/null
+++ b/reuters/training/5740
@@ -0,0 +1,13 @@
+MLX <MLXX> UNIT AGREES TO BY ABEX UNIT
+  MLX Corp said a subsidiary has
+  tentatively agreed to acquire a sintered friction materials
+  business in Milan, Italy, from a unit of Abex Corp for
+  undisclosed terms.
+      The deal will close after obtaining Italian government
+  approvals, expected in late April.
+      The business, which will operated under the name S.K.
+  Wellman, will become a member of MLX's specialty friction
+  materials group. The business is a manufacturer of high-energy
+  friction materials for heavy-duty transmissions and clutches.
+  
+
diff --git a/reuters/training/5741 b/reuters/training/5741
new file mode 100644
index 0000000000000000000000000000000000000000..5a95717b0a29cc62e6ddceeeb23cbc52db173364
--- /dev/null
+++ b/reuters/training/5741
@@ -0,0 +1,15 @@
+MODULINE INTERNATIONAL <MDLN> 3RD QTR OPER LOSS
+  Qtr ended Dec 31
+      Oper shr loss two cts vs loss 92 cts
+      Oper net loss 28,045 vs loss 1,040,700
+      Sales 4,943,584 vs 5,613,400
+      Nine mths
+      Oper shr profit 11 cts vs loss 93 cts
+      Oper net profit 124,434, vs loss 1,054,000
+      Sales 22.6 mln vs 26.3 mln
+      (Mouduline International Inc)
+      Note: oper data does not include 1986 gains from tax
+  benefit carryforwards of 30,000 dlrs, or three cts per shr, in
+  qtr and 110,000 dlrs, or ten cts per shr, in nine mths.
+  
+
diff --git a/reuters/training/5742 b/reuters/training/5742
new file mode 100644
index 0000000000000000000000000000000000000000..acbc8ada05a407a05c189bfd05107532541ecc75
--- /dev/null
+++ b/reuters/training/5742
@@ -0,0 +1,8 @@
+<FINANCIAL TRUSTCO CAPITAL LTD> HIKES PAYOUT
+  Qtly div 12.5 cts vs six cts
+      Pay March 31
+      Record March 24
+      Note: Co also declares 12.5 ct qtly div on special shares
+  issued in December, 1986, with same pay and record dates.
+  
+
diff --git a/reuters/training/5743 b/reuters/training/5743
new file mode 100644
index 0000000000000000000000000000000000000000..e2b46ab80bdc9c956d50e1ac6f71ab7f43552478
--- /dev/null
+++ b/reuters/training/5743
@@ -0,0 +1,7 @@
+USP REAL ESTATE <USPTS> HAS GAIN ON SALE
+  USP Real Estate Investment
+  Trust said it will post a first-quarter gain of 2,258,216 dlrs
+  on the sale of the Spanish Villa Apartments in Savannah, Ga.,
+  which was completed last week.
+  
+
diff --git a/reuters/training/5744 b/reuters/training/5744
new file mode 100644
index 0000000000000000000000000000000000000000..eccc795c99dc1938bbd4a6877e1cfaed55f6cebf
--- /dev/null
+++ b/reuters/training/5744
@@ -0,0 +1,24 @@
+BINDLEY WESTERN INDUSTRIES INC<BIND>4TH QTR NET
+  Oper shr primary 28 cts vs 17 cts
+      Oper shr diluted 24 cts vs 17 cts
+      Oper net 1,826,000 vs 1,104,000
+      Revs 205.4 mln vs 171.1 mln
+      Avg shrs primary 6,512,462 vs 6,510,462
+      Avg shrs diluted 10.3 mln vs 10.3 mln
+      Year
+      Oper shr primary 83 cts vs 76 cts
+      Oper shr diluted 77 cts vs 74 cts
+      Oper net 5,393,000 vs 4,955,000
+      Revs 719.9 mln vs 633.5 mln
+      Avg shrs primary 6,511,591 vs 6,508,379
+      Avg shrs diluted 10.3 mln vs 9,122,722
+      Note: Revs includes investment income 2,323,000 dlrs vs
+  2,239 dlrs for qtr and 10.1 mln dlrs vs 6,612,000 dlrs for 12
+  mths. 1986 revs also include unrealized loss on equity
+  securities of 59,000 dlrs for qtr and 1,155,000 dlrs for 12
+  mths.
+      Oper net excludes extraordinary gain of 875,000 dlrs vs
+  284,000 dlrs for qtr and 1,053,000 dlrs vs 462,000 dlrs for 12
+  mths.
+  
+
diff --git a/reuters/training/5746 b/reuters/training/5746
new file mode 100644
index 0000000000000000000000000000000000000000..e633d750a0b85f2a609f70f25743733d0420d93a
--- /dev/null
+++ b/reuters/training/5746
@@ -0,0 +1,23 @@
+CENTEL <CNT> SEES LOWER FIRST QTR PROFITS
+  Centel Corp said it sees 1987 first
+  quarter results below those of 1986 due to regulatory limits on
+  telephone earnings and 15 cts to 20 cts a share dilution from
+  1986 acquisitions.
+      In the annual report, Chairman Robert Reuss told
+  shareholders telephone profits will continued to be limited by
+  ceilings imposed by regulators as well as deregulation and
+  structural changes within the industry that have slowed growth
+  in the investment base for setting rates.
+      As such, its first quarter 1987 results will be below last
+  year's first quarter of 1.11 dlrs a share, he said.
+      "Several of the company's telephone units may be faced with
+  a reduction in the rates of return authorized by their
+  regulators," Reuss said. "This could result in some rate
+  reductions and refunds to customers."
+      Reuss said he is encouraged by the prospects for progress
+  in Centel's business communications, cable television and
+  cellular telephone units.
+      Centel is asking shareholders at the annual meeting to
+  approve the tripling  to 120 mln in authorized shares.
+  
+
diff --git a/reuters/training/5749 b/reuters/training/5749
new file mode 100644
index 0000000000000000000000000000000000000000..73bb2f7875101c795fe2c4f0a82e3432d068c9cb
--- /dev/null
+++ b/reuters/training/5749
@@ -0,0 +1,9 @@
+WINGS WEST AIRLINES <WING> 3RD QTR NET
+  Qtr ended Jan 31
+      Shr one ct vs nine cts
+      Net 29,000 vs 349,000
+      Revs 7,892,000 vs 4,721,000
+      Note: nine mth data unavailable
+      .
+  
+
diff --git a/reuters/training/5750 b/reuters/training/5750
new file mode 100644
index 0000000000000000000000000000000000000000..8c4c595159709ea11556484428c63ce8e52b6cd3
--- /dev/null
+++ b/reuters/training/5750
@@ -0,0 +1,30 @@
+TWA <TWA> SEES BENEFITS IN USAIR <U> MERGER
+  Trans World Airlines Inc, which
+  disclosed that it does not intend to seek control of USAir
+  Group at this time, said it still believes a combination of the
+  two airlines would have benefits to both.
+      In a filing with the Securities and Exchange Commission,
+  TWA, which is controlled by Carl Icahn, said it continues to
+  closely watch the developments of USAir, which has an agreement
+  to acquire Piedmont Aviation Inc <PIE>.
+      TWA said it spent 178.2 mln dlrs to acquire its 4,043,200
+  USAir shares, which amount to 14.8 pct of its total outstanding
+  common stock.
+      TWA said it would not buy more USAir Group stock, at least
+  for the moment.
+      But it said it still believes a TWA-USAir combination would
+  "create certain synergies that would be mutually beneficial to
+  both carriers."
+      TWA stressed that it reserved the right to revive its
+  takeover attempt and said it may continue to explore the
+  feasibility and strategies of gaining control of USAir.
+      Further purchases of USAir stock would require the approval
+  of the Department of Transportation, TWA said.
+      Because of Department of Transportation rules, TWA also
+  said it put its USAir stock into a voting trust with Fleet
+  National Bank as the voting trustee.
+      The voting trust agreement requires the bank to vote in
+  favor of any acquisition agreement between TWA and USAir and to
+  opposed any other merger of USAir.
+  
+
diff --git a/reuters/training/5751 b/reuters/training/5751
new file mode 100644
index 0000000000000000000000000000000000000000..9b2b9f7744b08a5a0ef87c2112cdc9685580aee9
--- /dev/null
+++ b/reuters/training/5751
@@ -0,0 +1,13 @@
+ADOBE <ADB>, HIGH PLAINS <HPOC> TO MERGE
+  Adobe Resources Corp and High Plains Oil
+  Corp said they reached an agreement in principle under which
+  High Plains will be merged into a unit of Adobe.
+      Under terms of the agreement, the companies said each share
+  of High Plains common stock not owned by Adobe or held in the
+  High Plains treasury will be exchanged for 1.12 shares of newly
+  issued Adobe common.
+      The exchange, they said, will be made on the effective date
+  of the merger, which must be approved by both companies' boards
+  and High Plains' shareholders.
+  
+
diff --git a/reuters/training/5752 b/reuters/training/5752
new file mode 100644
index 0000000000000000000000000000000000000000..926467cedb5c0cf49cf1978819e1c25214f1b38d
--- /dev/null
+++ b/reuters/training/5752
@@ -0,0 +1,41 @@
+EC WARNS U.S. AND JAPAN ON TRADE TENSIONS
+  The European Community (EC) delivered
+  warnings to both Japan and the United States over trade
+  frictions which have hit relations between the Community and
+  its main trading partners.
+      EC foreign ministers meeting here issued a statement
+  deploring Japan's continued trade imbalance and appealed for
+  greater effort by the country to open its markets.
+      Ministers also issued a statement saying they were
+  disturbed by moves in the U.S. to limit imports of textiles and
+  warned that the Community would react to any such moves.
+      EC External Trade Commissioner, Willy De Clercq has already
+  written to his U.S. counterpart, special U.S. Trade
+  Representative Clayton Yeutter, outlining the EC's concerns.
+      The ministers' said they were "very disturbed" by the U.S.
+  moves, adding, "the adoption of such measures would not fail to
+  have a negative effect on the process of multilateral
+  negotiations just started as well as on bilateral relations."
+      Any unilateral U.S. moves would leave the EC no option but
+  to react according to the laws of the world trade body, the
+  General Agreement on Tariffs and Trade (GATT), they said.
+      In a separate statement on Japan, the EC ministers said
+  they "deplore the continued aggravation of the imbalance in
+  trade ... (and) expect Japan to open up its market more."
+      The statement added that the EC continued to insist that
+  the Japanese government must boost imports and stimulate
+  demand.
+      Ministers also called on the European Commission to prepare
+  a report on U.S.-Japanese trade for July this year to enable
+  them to take action where necessary.
+      One diplomat said the call for a report showed ministers
+  were determined not to let the Japanese question drop. "It wil
+  be back on the table again and again," the diplomat said.
+      De Clercq told journalists, "There is a certain nervousness,
+  a growing impatience within the Community on trade relations
+  with Japan."
+      But diplomats said the Community is keen to continue
+  talking with Tokyo to try and solve the problem rather than
+  embark on a costly and damaging trade war.
+  
+
diff --git a/reuters/training/5754 b/reuters/training/5754
new file mode 100644
index 0000000000000000000000000000000000000000..26af6ad3c60db254819157d35c0ec4881b28e65a
--- /dev/null
+++ b/reuters/training/5754
@@ -0,0 +1,5 @@
+CEASARS WORLD FILES SUIT AGAINST MARTIN SOSNOFF AND MTS ACQUISITION ON TENDER OFFER
+
+  CEASARS WORLD FILES SUIT AGAINST MARTIN SOSNOFF AND MTS ACQUISITION ON TENDER OFFER
+  
+
diff --git a/reuters/training/5755 b/reuters/training/5755
new file mode 100644
index 0000000000000000000000000000000000000000..9eed5d7113bcff20e9db6acef864fbe1b36906dc
--- /dev/null
+++ b/reuters/training/5755
@@ -0,0 +1,32 @@
+COASTAL <CGP> HIT WITH TWO BILLION DLR LAWSUIT
+  TransAmerica Natural Gas Corp said it
+  is seeking two billion dlrs in punitive and actual damages in a
+  lawsuit it filed today against Coastal Corp, its chairman and
+  certain Coastal affiliates.
+      TransAmerica, a privately held company that has been in
+  bankruptcy since 1983, said its suit alleges that Coastal and
+  its chairman, Oscar S. Wyatt Jr, unlawfully interfered with
+  agreements it previously reached with its creditors, causing
+  the company significant damage.
+      TransAmerica also said its suit, filed in state district
+  court in Harris County, Texas, seeks injunctions against Wyatt
+  and Coastal to enjoin them from interfering with its
+  contractual agreements with its creditors.
+      The company alleged that beginning in mid-1986, Coastal and
+  its chairman took various steps to acquire its gas and other
+  assets.
+      Coastal has used TransAmerica's bankruptcy proceedings to
+  engineer a hostile takeover attempt, the company charged.
+      In its suit TransAmerican alleged that Coastal and Wyatt
+  are "notorious corporate raiders who have been restrained in
+  the past from taking over other corporations in their attempt
+  to create a stranglehold position from which they could control
+  and raise gas prices..."
+      "It is obvious that Coastal's efforts to improperly take
+  over TransAmerican is a thinly veiled attempt to control a
+  larger share of the Texas gas market to the detriment of end
+  users and consumers," the company alleged.
+      Coastal could not be reached for comment. Company name is
+  Transamerican.
+  
+
diff --git a/reuters/training/5756 b/reuters/training/5756
new file mode 100644
index 0000000000000000000000000000000000000000..363a73b829670ff4b7e62b1313ac7971bfafbdd1
--- /dev/null
+++ b/reuters/training/5756
@@ -0,0 +1,25 @@
+CAESARS WORLD <CAW> FILES SUIT AGAINST SOSNOFF
+  Caesars World Inc said it filed a
+  lawsuit against Martin T. Sosnoff and MTS Acquisition Corp
+  regarding its March 9 unsolicited tender offer for Caesars
+  World stock.
+      The company said it filed in the Federal Court in the
+  Central District of California, charging the tender offer,
+  which its board rejected, violated federal securities laws and
+  federal margin regulations.
+      The suit charges the offering materials are materially
+  false and misleading and misstate and conceal material
+  information required to be disclosed to shareholders.
+      The suit also charges the offer is illusory and designed to
+  manipulate the market in Caesars World stock to enable Sosnoff
+  to sell the Caesars World stock he already owns for a
+  substantial profit.
+      The complaint seeks, among other things, to enjoin the
+  tender offer and to require MTS and Sosnoff to correct false
+  and misleading statements in the offer.
+      Caesars World is expected to seek a friendly suitor,
+  restructure operations, or buy back Sosnoff's holdings in an
+  attempt to fight off the bid.
+      Sosnoff holds about 13.6 pct of the company's stock.
+  
+
diff --git a/reuters/training/5757 b/reuters/training/5757
new file mode 100644
index 0000000000000000000000000000000000000000..d78cb5bed721f32fdf9fe81b3b5068415548f0ce
--- /dev/null
+++ b/reuters/training/5757
@@ -0,0 +1,13 @@
+HARRIS UPS CENTERRE BANCORP <CTBC> STAKE
+  Harris Associates L.P., a Chicago
+  investment advisor, said it raised its stake in Centerre
+  Bancorporation to 508,062 shares, or 6.6 pct of the total
+  outstanding, from 427,061 shares, or 5.5 pct.
+      In a filing with the Securities and Exchange Commission,
+  Harris said it bought 81,001 Centerre common shares between Jan
+  2 and March 4 at prices ranging from 36.00 to 39.75 dlrs a
+  share.
+      It said its dealings in the company's stock are on behalf
+  of its clients.
+  
+
diff --git a/reuters/training/5758 b/reuters/training/5758
new file mode 100644
index 0000000000000000000000000000000000000000..cbaa37f1de0f646154bdee93b018bbc4ceb1ae83
--- /dev/null
+++ b/reuters/training/5758
@@ -0,0 +1,6 @@
+PAY'N-SAVE <PAYN> 1ST QTR JAN 31 NET
+  Shr profit one ct vs loss 14 cts
+      Net profit 279,000 vs loss 1,896,000
+      Sales 199.6 mln vs 142.4 mln
+  
+
diff --git a/reuters/training/5761 b/reuters/training/5761
new file mode 100644
index 0000000000000000000000000000000000000000..d4a6818ea933852b6a4647ef2a1bb1bb930fd81e
--- /dev/null
+++ b/reuters/training/5761
@@ -0,0 +1,64 @@
+EC COMMISSION DEFENDS FARM PROGRAM
+  The European Community's (EC)
+  executive Commission defended attacks on major elements of its
+  ambitious program to rid the EC of its controversial farm
+  surpluses, after strong attacks from northern states.
+      Britain and West Germany, backed by the Netherlands and
+  Denmark, opposed a proposed tax on edible oils and fats which
+  has already sparked strong protest from exporters to the EC led
+  by the U.S. and from EC consumer groups, diplomats said.
+      But EC Agriculture Commissioner Frans Andriessen told
+  journalists he had warned ministers that failure to agree the
+  tax, proposed last month as part of the Commission's annual
+  farm price package, would leave a large hole in the group's
+  budget.
+      He added that he hoped states had not yet made their mind
+  up for good. "I hope the debate is still open, if not there will
+  be a formidable hole in the budget," he said.
+      The shortfall could reach two billion dollars in 1988 and
+  would be only slightly less this year, he said.
+      Foreign ministers were taking a first look at the tax ahead
+  of farm ministers in a move described by diplomats as
+  unprecedented and welcomed by Andriessen as a sign ministers
+  recognised the importance of reforming the EC's farm policy.
+      The proposed tax is designed to provide the EC with extra
+  cash to finance community oilseed crops at their current levels
+  and to brake a dramatic decrease in olive oil consumption by
+  making it more competitive with other oils.
+      Andriessen noted the EC has over two mln olive oil
+  producers, mostly small farmers, who could be helped by the
+  tax.
+      "What we are suggesting is reasonable, it should be better
+  understood not just outside the community but at home," he said.
+      Britain, normally a keen advocate of radical changes in the
+  EC's costly farm subsidies system, warned the proposal to
+  impose the tax on both domestic and imported oils and fats
+  could seriously damage the EC's trade relations with other
+  countries.
+      Britain also warned that the tax could hit developing
+  countries already receiving aid from the EC, they said.
+      The Commission also defended proposals to dismantle
+  Monetary Compensatory Amounts (MCA) -- a system of cross border
+  subsidies and taxes to level out foreign exchange fluctuations
+  for farm exports -- against harsh West German criticism.
+      In a letter this weekend from Chancellor Helmut Kohl to EC
+  executive Commission President, Jacques Delors, Kohl made clear
+  such a dismantling would mainly hit West German farmers.
+      Diplomats said West Germany again repeated its criticism at
+  the talks here but Andriessen told journalists that Germany had
+  been alone in its opposition. The question was a key aspect of
+  the Commission's farm price proposals, he added.
+     Ministers also agreed a 3.5 billion dlrs scheme to rid the
+  EC of its butter mountain, despite Spanish and Portuguese
+  opposition.
+      The scheme will pay for the disposal of one mln tonnes of
+  unwanted butter, by selling it at knock-down prices, turning it
+  into animal feed or exporting it at subsidised prices.
+      National capitals are due to be reimbursed later out of
+  savings from another plan to curb milk production.
+      Diplomats said Spain and Portugal have been angered by the
+  scheme, which they feel forces them to pay for massive
+  surpluses built up before they joined the community last year,
+  but the two countries did not block today's vote.
+  
+
diff --git a/reuters/training/5762 b/reuters/training/5762
new file mode 100644
index 0000000000000000000000000000000000000000..1b79756e3bf006d9d1d3656dc0827a8f626172dc
--- /dev/null
+++ b/reuters/training/5762
@@ -0,0 +1,11 @@
+AERO SERVICES <AEROE> IN PACT FOR NOMINATIONS
+  Aero Services International Inc
+  said it signed an agreement with Dibo Attar, who controls about
+  39 pct of its common stock, under which three nominees to
+  Aero's board have been selected by Attar.
+      In addition to Attar, the nominees are Stephen L. Peistner,
+  chairman and chief executive officer of <McCrory Corp> and
+  James N.C. Moffat III, vice president and secretary of
+  <Eastover Corp>.
+  
+
diff --git a/reuters/training/5764 b/reuters/training/5764
new file mode 100644
index 0000000000000000000000000000000000000000..8dbd20e409cb37a1e17d7dc8faf90f0bb9b6f708
--- /dev/null
+++ b/reuters/training/5764
@@ -0,0 +1,5 @@
+Australia Feb current account deficit 750 mln dlrs vs Jan 1.23 billion - official
+
+  Australia Feb current account deficit 750 mln dlrs vs Jan 1.23 billion - official
+  
+
diff --git a/reuters/training/5765 b/reuters/training/5765
new file mode 100644
index 0000000000000000000000000000000000000000..42add34a13715aa2e2e957d24874ca9963f6c548
--- /dev/null
+++ b/reuters/training/5765
@@ -0,0 +1,46 @@
+AUSTRALIAN CURRENT ACCOUNT DEFICIT NARROWS IN FEB
+  Australia's current deficit narrowed
+  to 750 mln dlrs in February from 1.23 billion (revised from
+  1.29 billion) in January, the Statistics Bureau said.
+      This compared with an 897 mln dlr shortfall a year earlier.
+      February merchandise trade recorded a 42 mln dlr surplus
+  against a 246 mln shortfall (revised from 287 mln) in January
+  and a 162 mln deficit in February 1986.
+      The current account deficit fell at the lower end of the
+  range of forecasts of 700 mln to one billion dlrs made by
+  market economists yesterday.
+      February FOB exports rose to 2.82 billion dlrs from 2.74
+  billion (revised from 2.72 billion) in January and 2.54 billion
+  a year earlier while FOB imports fell to 2.77 billion from 2.99
+  billion (revised from 3.01 billion) against 2.70 billion a year
+  earlier, the Bureau said.
+      It said a four pct decline in rural exports, despite an 11
+  pct rise in wheat exports, was more than offset by a seven pct
+  rise in non-rural exports, notably minerals and fuels.
+      On the import side, the main decreases were falls of 17 pct
+  in machinery and transport equipment and 21 pct in fuels, the
+  Bureau said.
+      The net services deficit narrowed to 146 mln dlrs from 253
+  mln (revised from 268 mln) in January and 192 mln a year
+  earlier, the Bureau said.
+      This made a sharply lower deficit of 104 mln dlrs on the
+  balance of goods and services against deficits of 499 mln in
+  January and 354 mln a year earlier.
+      Deficit on net income and unrequited transfers was 646 mln
+  dlrs against 736 mln in January and 543 mln a year earlier.
+      Official capital transactions in February showed a surplus
+  of 786 mln dlrs against a 2.56 billion surplus in January and a
+  505 mln surplus a year earlier.
+      Non-official capital and balancing item showed a 36 mln dlr
+  deficit against a 1.33 billion deficit in January and a 392 mln
+  surplus in February 1986, the Bureau said.
+      The cumulative current account deficit for the first eight
+  months of fiscal 1986/87 ending June 30 widened to 9.37 billion
+  dlrs from 9.32 billion a year earlier.
+      The cumulative trade deficit narrowed to 2.09 billion dlrs
+  from 2.21 billion and the services deficit to 2.25 billion from
+  2.75 billion but the transfers deficit widened to 5.03 billion
+  from 4.36 billion. The cumulative official capital surplus
+  narrowed to 2.90 billion dlrs from 3.86 billion.
+  
+
diff --git a/reuters/training/5767 b/reuters/training/5767
new file mode 100644
index 0000000000000000000000000000000000000000..cf7dc32aaa7e3fd62accad5e8fa3661f165bb637
--- /dev/null
+++ b/reuters/training/5767
@@ -0,0 +1,22 @@
+AUSTRALIAN RESERVES FALL IN FEBRUARY
+  Australia's official reserve assets fell
+  to the equivalent of 8.50 billion U.S. Dlrs in February, from
+  9.15 billion in January, compared with 9.06 billion a year
+  earlier, the Reserve Bank said.
+      In Australian dollar terms, reserves fell by 1.24 billion
+  dlrs to 12.60 billion after falling 1.71 billion to 13.85
+  billion in January and rising 792 mln to 12.92 billion in
+  February 1986.
+      The bank said that excluding valuation effects, it
+  estimated reserves fell 853 mln dlrs after falling 2.34 billion
+  in January and rising 323 mln a year earlier.
+      The individual value of reserve assets in Australian
+  dollars at end-February with end-January and year-earlier
+  respectively in brackets were.
+      Gold 4.71 billion (4.90 billion and 3.83 billion), SDR's
+  503 mln (524 mln and 468 mln), IMF reserve position 354 mln
+  (365 mln and 312 mln), U.S. Dollars 3.25 billion (both 3.99
+  billion), other foreign exchange 3.78 billion (4.07 billion and
+  4.32 billion).
+  
+
diff --git a/reuters/training/5768 b/reuters/training/5768
new file mode 100644
index 0000000000000000000000000000000000000000..aaecc530e28f9e4301982ab9df9b6d92cb3b0ff2
--- /dev/null
+++ b/reuters/training/5768
@@ -0,0 +1,5 @@
+Japan February wholesale prices fall 0.1 pct (0.6 pct January drop) - official
+
+  Japan February wholesale prices fall 0.1 pct (0.6 pct January drop) - official
+  
+
diff --git a/reuters/training/5769 b/reuters/training/5769
new file mode 100644
index 0000000000000000000000000000000000000000..bccda49b8e580c933ab77c8f04e1d3030405df19
--- /dev/null
+++ b/reuters/training/5769
@@ -0,0 +1,37 @@
+JAPAN WHOLESALE PRICES FALL 0.1 PCT IN FEBRUARY
+  Japan's overall wholesale price index
+  (base 1980) fell 0.1 pct in February from a month earlier to
+  86.4 for the second consecutive month-on-month fall, the Bank
+  of Japan said.
+      Wholesale prices fell 0.6 pct in January from December.
+      The index fell 9.1 pct from a year earlier for the 21st
+  straight year-on-year drop, the central bank said.
+      The reduced month-on-month drop mainly stemmed from the
+  recovery in world crude oil prices, it said.
+      On a customs-cleared basis, crude oil prices rose to around
+  17 dlrs a barrel in February from about 15 dlrs in January.
+      The average value of the yen against the dollar rose 0.8
+  pct to 153.50 in February from 154.67 in January and was up
+  16.8 pct from 184.55 a year earlier, the bank said.
+      The export price index in February fell 0.7 pct from a
+  month earlier reflecting price cuts in export products like
+  cars and precision instruments due to severe foreign
+  competition. The index was down 7.1 pct from a year earlier.
+      The import price index rose 1.1 pct from a month earlier to
+  57.4 for the sixth successive month-on-month gain mainly due to
+  the continued strength of world crude oil prices. But the index
+  was down 29 pct from a year earlier.
+      The domestic price index fell 0.1 pct to 91.9 in February,
+  its 24th straight monthly drop, mainly reflecting falls in
+  prices of home appliances such as colour televisions due to
+  severe sales competition at home. Lower edible oil prices added
+  to the decline.
+      The index was down 6.7 pct from a year earlier.
+      The domestic index marked its largest year-on-year drop of
+  7.1 pct in January since the central bank started compiling
+  such statistics in 1960 under its current system.
+      Wholesale prices are likely to turn upward in March as
+  higher world crude oil and raw material prices are expected,
+  the bank said.
+  
+
diff --git a/reuters/training/5778 b/reuters/training/5778
new file mode 100644
index 0000000000000000000000000000000000000000..71e1b94eeb2b5b577cfdb2776fc3c742cd87fc0e
--- /dev/null
+++ b/reuters/training/5778
@@ -0,0 +1,66 @@
+DOLLAR SEEN FALLING UNLESS JAPAN SPURS ECONOMY
+  Underlying dollar sentiment is bearish,
+  and operators may push the currency to a new low unless Japan
+  takes steps to stimulate its economy as pledged in the Paris
+  accord, foreign exchange analysts polled by Reuters said here.
+      "The dollar is expected to try its psychological barrier of
+  150.00 yen and to fall even below that level," a senior dealer
+  at one leading bank said.
+      The dollar has eased this week, but remains stable at
+  around 151.50 yen. Six major industrial countries agreed at a
+  meeting in Paris in February to foster currency stability.
+      Some dealers said the dollar may decline in the long term,
+  but a drastic fall is unlikely because of U.S. Fears of renewed
+  inflation and fears of reduced Japanese purchases of U.S.
+  Treasury securities, needed to finance the U.S. Deficit.
+      Dealers generally doubted whether any economic package
+  Japan could adopt soon would be effective enough to reduce its
+  trade surplus significantly, and said such measures would
+  probably invite further U.S. Steps to weaken the dollar.
+      Under the Paris accord, Tokyo promised a package of
+  measures after the fiscal 1987 budget was passed to boost
+  domestic demand, increase imports and cut its trade surplus.
+      But debate on the budget has been delayed by an opposition
+  boycott of Parliamentary business over the proposed imposition
+  of a five pct sales tax, and the government has only a slim
+  chance of producing a meaningful economic package in the near
+  future, the dealers said.
+      If no such steps are taken, protectionist sentiment in the
+  U.S. Congress will grow, putting greater downward pressure on
+  the dollar, they said.
+      The factors affecting the U.S. Currency have not changed
+  since before the Paris accord, they added.
+      "Underlying sentiment for the dollar remains bearish due to
+  a still-sluggish U.S. Economic outlook, the international debt
+  crisis triggered by Brazil's unilateral suspension of interest
+  payments on its foreign debts and the reduced clout of the
+  Reagan administration as a result of the Iran/Contra arms
+  scandal," said a senior dealer at a leading trust bank.
+      "There is a possibility that the dollar may decline to
+  around 140.00 yen by the end of this year," said Chemical Bank
+  Tokyo branch vice president Yukuo Takahashi.
+      But operators find it hard to push the dollar either way
+  for fear of possible concerted central bank intervention.
+      Dealers said there were widespread rumours that the U.S.
+  Federal Reserve telephoned some banks in New York to ask for
+  quotes last Wednesday, and even intervened to sell the dollar
+  when it rose to 1.87 marks.
+      The Bank of England also apparently sold sterling in London
+  when it neared 1.60 dlrs on Wednesday, they said.
+      But other dealers said they doubted the efficacy of central
+  bank intervention, saying it may stimulate the dollar's decline
+  because many dealers are likely to await such dollar buying
+  intervention as a chance to sell dollars.
+      However, First National Bank of Chicago Tokyo Branch
+  assistant manager Hiroshi Mochizuki said "The dollar will not
+  show drastic movement at least to the end of March."
+      Other dealers said the U.S. Seems unwilling to see any
+  strong dollar swing until Japanese companies close their books
+  for the fiscal year ending on March 31, because a weak dollar
+  would give Japanese institutional investors paper losses on
+  their foreign holdings, which could make them lose interest in
+  purchases of U.S. Treasury securities.
+      U.S. Monetary officials may refrain from making any
+  comments this month to avoid influencing rates, they said.
+  
+
diff --git a/reuters/training/5779 b/reuters/training/5779
new file mode 100644
index 0000000000000000000000000000000000000000..be5ff8fcd80ab888c80ed0f13fda9e410a5c5fff
--- /dev/null
+++ b/reuters/training/5779
@@ -0,0 +1,48 @@
+MARKET WELCOMES LOWER AUSTRALIAN PAYMENTS DEFICIT
+  The Australian dollar rose more than 40
+  points and money market interest rates retreated on the better
+  than expected improvement in the February current account
+  deficit, but economists and dealers were cautious about
+  identifying it as the start of a downward trend.
+      The current account deficit narrowed to 750 mln dlrs in
+  February from 1.23 billion in January. It hit 13.82 billion
+  dlrs in 1985/86 to end-June.
+      The currency jumped to 0.6858/63 U.S. Dlrs and traded as
+  high as 0.6875 before retreating to around 0.6864/69.
+      "It's got 69 cents written all over it," one dealer said.
+      Foreign exchange dealers said some buyers had gone long on
+  the dollar expecting a lower figure and sold it down about 30
+  points to 0.6820 U.S. Dlrs before the release.
+      The 750 mln dlr deficit was at the lower end of forecasts
+  and analysts said the market would welcome any figure below one
+  billion dlrs for March.
+      Banque National de Paris <BNPP.A> senior dealer Peter
+  Nicolls cautioned that in the long term the currency and
+  interest rates were too high for import substitution and export
+  industries.
+      Nicolls said he expected the dollar to go as high as 0.6875
+  and perhaps to 69 cents tomorrow.
+      <Lloyds Bank NZA Ltd> chief economist Will Buttrose said
+  the 42 mln dlr trade surplus was encouraging as were imports at
+  2.77 billion dlrs, down from 2.99 billion in January.
+      But he warned that the outlook for rural and iron and coal
+  exports remained poor. "We should remember we are paying
+  something like seven to eight billion dollars simply to service
+  our foreign debt and that is not going to go away in the near
+  term," Buttrose said.
+      Buttrose said he expected a March deficit of around 900 mln
+  dlrs, and added "Any figure under a billion dollars will be
+  acceptable (to the markets)."
+      ANZ Banking Group Ltd <ANZA.S> senior economist Ian Little
+  said the big question was whether the improvement in exports
+  could be sustained. February FOB exports rose to 2.82 billion
+  dlrs from a revised 2.74 billion in January.
+      Interest rates responded quickly to the deficit news, with
+  90-day bank bill yields falling to 16.42-16.45 pct from early
+  highs of 16.50 and yields yesterday as high as 16.65.
+      Longer term yields fell with 10-year bonds at 13.66/68 pct
+  from 13.74 before the release and highs of 13.87 yesterday.
+      The stock market was easier at midsession but brokers said
+  the current account data had little impact on trading.
+  
+
diff --git a/reuters/training/5780 b/reuters/training/5780
new file mode 100644
index 0000000000000000000000000000000000000000..d29d75aa533619647da0838e4717d79631460d54
--- /dev/null
+++ b/reuters/training/5780
@@ -0,0 +1,10 @@
+HONGKONG BANK SAYS CLOSE TO DEAL ON PROPERTY SALE
+  Hongkong and Shanghai Banking Corp
+  <HKBH.HK> is close to a deal on the sale of a commercial
+  building in Hong Kong's Mongkok business district, a bank
+  spokesman said.
+      He said the 21-storey Wayfoong Plaza was likely to be sold
+  for about 280 mln H.K. Dlrs but declined to identify the buyer.
+      The spokesman gave no further details.
+  
+
diff --git a/reuters/training/5782 b/reuters/training/5782
new file mode 100644
index 0000000000000000000000000000000000000000..8a0f48f6d89627e19cf59adbc7612be32b3201e0
--- /dev/null
+++ b/reuters/training/5782
@@ -0,0 +1,12 @@
+THAI M-1 MONEY SUPPLY RISES IN JANUARY
+  Thailand's M-1 money supply rose 9.8
+  pct to an estimated 117.3 billion baht in January after
+  increasing 6.6 pct in December, the Bank of Thailand said.
+      It said year-on-year M-1 grew 23.1 pct in January after an
+  18.5 pct increase in December.
+      The central bank said M-2 rose 1.7 pct to an estimated
+  686.5 billion baht in January after a 2.4 pct increase in
+  December while year-on-year it expanded 13.3 pct after a 12.6
+  pct rise in December.
+  
+
diff --git a/reuters/training/5783 b/reuters/training/5783
new file mode 100644
index 0000000000000000000000000000000000000000..d699a870db41bbbf317bdb9774d4d05db38ebb96
--- /dev/null
+++ b/reuters/training/5783
@@ -0,0 +1,9 @@
+JAPAN TO RELEASE GNP FIGURES LATER TODAY
+  The Economic Planning Agency will
+  announce gross national product (GNP) figures for the
+  October/December quarter today at 1700 hrs local time (0800
+  gmt), Agency officials told Reuters.
+      In the July/September quarter, GNP rose 0.6 pct from the
+  previous three months.
+  
+
diff --git a/reuters/training/5785 b/reuters/training/5785
new file mode 100644
index 0000000000000000000000000000000000000000..f683a1d1ee19a20e8d3e59fa55eff25ea1e83a02
--- /dev/null
+++ b/reuters/training/5785
@@ -0,0 +1,14 @@
+TAIWAN 1986 BALANCE OF PAYMENTS SURPLUS IS RECORD
+  Taiwan's balance of payments surplus
+  widened to a record 16.62 billion U.S. Dlrs in calendar 1986
+  from 9.35 billion in 1985, the central bank said.
+      A bank official attributed the increase mainly to Taiwan's
+  growing trade surplus, which increased to a record 16.8 billion
+  U.S. Dlrs in 1986 from 11.2 billion in 1985.
+      He said the deficit on invisible trade narrowed to 740 mln
+  U.S. Dlrs from 1.97 billion.
+      Invisible earnings rose to 6.77 billion from 5.09 billion
+  while invisible spending climbed to 7.51 billion from 7.06
+  billion, he said.
+  
+
diff --git a/reuters/training/5786 b/reuters/training/5786
new file mode 100644
index 0000000000000000000000000000000000000000..52d6eb4b079c90c62f5f93a702055ce5cd9834c1
--- /dev/null
+++ b/reuters/training/5786
@@ -0,0 +1,47 @@
+EC WARNS U.S. AND JAPAN ON TRADE TENSIONS
+  The European Community (EC) yesterday
+  warned Japan and the United States, its main trading partners,
+  that friction over trade issues is affecting the EC's relations
+  with both countries.
+      EC foreign ministers issued a statement deploring Japan's
+  continued trade imbalance and appealed for the country to make
+  a greater effort to open up its markets. They also said they
+  were disturbed by a draft bill before the U.S. Congress that
+  would impose permanent quotas on textile imports and were
+  prepared to react. The U.S. Administration has already
+  distanced itself from the bill.
+      EC External Trade Commissioner Willy De Clercq has written
+  to his U.S. Counterpart, Trade Representative Clayton Yeutter,
+  outlining the EC's concerns.
+      The statement said ministers were very disturbed by U.S.
+  Moves towards protectionism. "The adoption of such measures
+  would not fail to have a negative effect on the process of
+  multilateral negotiations just started, as well as on bilateral
+  relations," it said.
+      Any unilateral U.S. Moves would leave the EC no option but
+  to react according to the laws of the General Agreement on
+  Tariffs and Trade, it said.
+      In a separate statement on Japan, the EC ministers said
+  they "deplore the continued aggravation of the imbalance in
+  trade (and) expect Japan to open up its market more."
+      The statement said the EC would continue to insist that
+  Japan boost imports and stimulate domestic demand.
+      Ministers also called on the EC Commission to prepare a
+  report on U.S.-Japanese trade for July this year to enable them
+  to take appropriate action where necessary.
+      One diplomat said the call for a report showed ministers
+  were determined not to let the Japanese question drop. "It will
+  be back on the table again and again," the diplomat said.
+      De Clercq, talking to journalists during the meeting, said,
+  "There is a certain nervousness, a growing impatience within the
+  Community concerning trade relations with Japan."
+      The EC is not satisfied with Japan's inability to cut its
+  trade surplus, and the Commission has adopted a tough approach
+  on imports of goods such as Japanese photocopiers, where it has
+  imposed 20 pct anti-dumping duties.
+      But diplomats said the EC is keen to negotiate with Tokyo
+  to solve the problem rather than embark on a costly and
+  damaging trade war, and the ministers called for more
+  cooperation with Japan in industry and research.
+  
+
diff --git a/reuters/training/5787 b/reuters/training/5787
new file mode 100644
index 0000000000000000000000000000000000000000..99cef137f177fab58aadcebe512e6ea56a8668bd
--- /dev/null
+++ b/reuters/training/5787
@@ -0,0 +1,64 @@
+CATHAY PACIFIC 1986 PROFIT SEEN ABOVE TARGET
+  Buoyed by low fuel prices and
+  favourable currency factors, Cathay Pacific Airways Ltd's
+  <CAPH.HK> 1986 profits are expected to surpass the airline's
+  forecast of one billion H.K. Dlrs, stock analysts said.
+      Analysts said they expect the airline to show net earnings
+  of between 1.1 billion and 1.25 billion dlrs when it reports
+  results tomorrow for its first year as a public company.
+      Cathay, 51 pct owned by Swire Pacific Ltd <SWPC.HK>, made
+  its earnings forecast in the prospectus for its flotation in
+  May last year.
+      Cathay is expected to pay a 13-cent final dividend, making
+  a total of 19 cents for the year, as forecast in the
+  prospectus, analysts polled by Reuters said.
+      They said the airline's performance improved in the second
+  half of the year after it reported interim profits of 503 mln
+  dlrs.
+      The weakness of the local currency, pegged at 7.80 to one
+  U.S. Dollar, and low fuel prices moved further in the company's
+  favour from the assumptions made in the prospectus at the time
+  of the flotation, James Capel (Far East) Ltd said.
+      James Capel estimates average fuel prices for the airline
+  industry in 1986 at 63 U.S. Cents per gallon, 27 pct below the
+  1985 level. It said a one pct movement in fuel prices would
+  affect Cathay's net profits by 10 mln dlrs and forecast profits
+  of 1.25 billion dlrs.
+       Analysts said the company's estimates of fuel price and
+  currency movements set out in its prospectus were conservative.
+      "This is reflected in their interim results which showed
+  that profit margin has increased," said Frederick Tsang of
+  Mansion House Securities (F.E.) Ltd.
+      Cathay's six-month turnover rose 19.8 pct from year-earlier
+  levels, but profits rose 69 pct.
+      The rise in oil prices in late 1986 had little impact on
+  the company's fuel oil bill last year, as aviation fuel prices
+  usually lag behind crude price movements by several months,
+  analysts said.
+      By last September the yen had risen some 54 pct against the
+  Hong Kong dollar from the end of 1985, the mark 43 pct and
+  sterling 12 pct.
+      "Overall the weakness of the Hong Kong dollar against
+  Cathay's major trading currencies helped push passenger yields
+  in the first half up 7.2 pct," said James Capel. "This should
+  continue through the second half to enable passenger yields to
+  end the year up 7.6 pct."
+      A strong performance from the 2.9 billion dlrs in cash
+  under management also improved profits, James Capel said.
+      A general improvement in air traffic last year contributed
+  to Cathay's revenue increase, but the company's load factor
+  declined because of increased competition and an expansion of
+  its fleet and services.
+      James Capel estimated Cathay's passenger-kilometres flown
+  last year rose six pct from 1985 and freight-kilometres flown
+  climbed 17 pct, though the airline's load factor probably fell
+  to 68.8 pct from 70 pct.
+      "Cathay added new planes, and was forced to fly some routes
+  last year because of the threat of competition from Dragon Air,"
+  said Tsang. "This affected its load factor."
+      Fear of possible competition from fledgling carrier <Hong
+  Kong Dragon Airways Ltd> may have contributed to Cathay's
+  decision to resume service to New Zealand last year, analysts
+  said.
+  
+
diff --git a/reuters/training/5788 b/reuters/training/5788
new file mode 100644
index 0000000000000000000000000000000000000000..081b8cb298fbad560c766fe9161b3c565b92bfc6
--- /dev/null
+++ b/reuters/training/5788
@@ -0,0 +1,25 @@
+RENISON GOLDFIELDS EXTENDS LYELL COPPER MINE LIFE
+  The Renison Goldfields Consolidated Ltd
+  <RGFJ.S> (RGC) Mt Lyell copper mine in Tasmania will stay open
+  for an extra five years following a new aid package from the
+  state government, RGC said in a statement.
+      The mine had been scheduled to close in 1989 after the 40
+  series stopes were mined, but will now stay open until the
+  deeper 50 and 60 series have played out, probably in 1994.
+      The Australian dollar's fall since 1985 also improved the
+  local dollar copper price, making the company profitable and
+  justifying the mining of deeper reserves at a copper grade of
+  about 1.95 pct against about 1.60 pct now, the firm said.
+      Ore output will be cut, but the higher grades will keep
+  contained-copper output at current levels of about 24,000
+  tonnes a year, it said. Capital expenditure of about 18 mln
+  dlrs will be required over the life of the new plan, RGC said.
+      The latest aid package is the third since 1977 for RGC, a
+  major employer in Queenstown on the thinly populated west coast
+  of Tasmania.
+      The mine was kept open in 1985 after Tasmania gave RGC 10
+  mln dlrs in aid. The new package includes an eight mln dlr
+  advance to RGC at the long-term bond rate, power concessions
+  and deferred royalties and payroll taxes.
+  
+
diff --git a/reuters/training/5789 b/reuters/training/5789
new file mode 100644
index 0000000000000000000000000000000000000000..8e2c6c6641bd99d29b34db2693c81da85cf23f91
--- /dev/null
+++ b/reuters/training/5789
@@ -0,0 +1,25 @@
+NEW ZEALAND PRESS GROUP BUYS MORE TEXAS NEWSPAPERS
+  <Independent Newspapers Ltd> (INL)
+  said it bought two more community newspapers in Houston, Texas,
+  through a subsidiary there, for an undisclosed sum.
+      INL said in a statement <Houston Community Newspapers Inc>
+  bought the South West Advocate and the South Bend Advocate,
+  with combined circulation of 74,000 copies, and associated
+  assets, from <The Advocate Communications Corp Inc>.
+      INL publishes Wellington's morning and evening newspapers
+  as well as New Zealand provincial dailies and newspapers in
+  Rhode Island. Just under 40 pct of INL is owned by <News Ltd>,
+  an Australian subsidiary of News Corp Ltd <NCPA.S>.
+      Production and administration of the two publications would
+  be transferred to the company's existing centre in Houston. INL
+  said the acquisition took effect on March 1.
+      INL chairman Alan Burnet said the purchase would enable the
+  subsidiary to offer advertisers a combined distribution of nine
+  community newspapers to 340,000 homes in the greater Houston
+  area. Trading conditions in the area are particularly difficult
+  because the city's economy depends to a large extent on the
+  fortunes of the petroleum industry, but the situation should
+  improve in the medium to long term and the investment will
+  prove to be sound, he said.
+  
+
diff --git a/reuters/training/5791 b/reuters/training/5791
new file mode 100644
index 0000000000000000000000000000000000000000..709ccf4b620e7b8040c1a8d99193df2cfb83a729
--- /dev/null
+++ b/reuters/training/5791
@@ -0,0 +1,13 @@
+U.S. AGRICULTURE SECRETARY WARNS EC ON SOY OIL TAX
+  U.S. Agriculture Secretary
+  Richard Lyng warned the European Community yesterday it will
+  face serious retaliation if it enacts a new tax on products
+  such as U.S. Soybean oil.
+      Speaking at a news conference before a scheduled speech,
+  Lyng said he did not think the tax, which is still in the
+  discussion stage, would be approved.
+      He said the U.S. Would take serious retaliatory action
+  because if implemented, the tax would have a considerable
+  impact on U.S. Farmers.
+  
+
diff --git a/reuters/training/5792 b/reuters/training/5792
new file mode 100644
index 0000000000000000000000000000000000000000..6cea05446faba41aa1325d7fc50fb10518ef4727
--- /dev/null
+++ b/reuters/training/5792
@@ -0,0 +1,33 @@
+KOBE RUBBER EXCHANGE TO EXTEND TRADING HOURS
+  The Kobe Rubber Exchange said it will
+  extend its trading hours from May 1 to enable more operators to
+  use the exchange.
+      Subject to Ministry of International Trade and Industry
+  approval, the Exchange will add a sixth session starting at
+  1700 local time, and will close the account for trading at the
+  new session the following day before the opening call starts at
+  0930 local time, an Exchange official said.
+      Trading on the Singapore rubber market, a major producer
+  price indicator for Japanese end-users, is usually active after
+  the end of the current final session here.
+      The introduction of the new session will enable
+  participants to trade overnight after taking account of
+  Singapore rubber prices, because brokers and members who are
+  designated by the Kobe Exchange are allowed to add the volume
+  traded overnight to the new final session before the opening
+  session starts next day, the official said.
+      But because the Kobe Exchange uses the auction system which
+  sets a fixed price at each session, the price of contracts
+  traded overnight should be a fixed price settled at the sixth
+  session, he added.
+      Industry sources said they expected the Ministry to approve
+  the plan because it has encouraged the Japanese futures
+  industry to expand and internationalise.
+      The Tokyo Commodity Exchange for Industry, TOCOM, which
+  also trades rubber futures in Japan, said it has no plans to
+  introduce an extra session.
+      TOCOM also has five rubber trading sessions a day. Four
+  sessions start 15 minutes later than Kobe Exchange sessions,
+  but both Exchanges' final sessions start at the same time.
+  
+
diff --git a/reuters/training/5793 b/reuters/training/5793
new file mode 100644
index 0000000000000000000000000000000000000000..b95c2d8f8c7273a8444a76d257ea670c7130fa5d
--- /dev/null
+++ b/reuters/training/5793
@@ -0,0 +1,35 @@
+COASTAL <CGP> SEEKS TO HALT BILLION DLR LAWSUIT
+  Coastal Corp said a federal bankruptcy
+  court will hear its request today for a restraining order to
+  stop a two billion dlr lawsuit against it by <TransAmerican
+  Natural Gas Corp>.
+      TransAmerican, which entered Chapter 11 bankruptcy
+  proceedings in 1983 to reorganise its debts, filed the lawsuit
+  to block Coastal from taking control.
+      Coastal spokesman Jim Bailey confirmed the company, which
+  is an unsecured creditor of TransAmerican, would present its
+  own reorganisation plan to the bankruptcy court.
+      Under the plan, Coastal would buy the natural gas reserves
+  and pipeline system owned by TransAmerican in Texas for an
+  undisclosed amount.
+      TransAmerican lawyer John Nabors said the company values
+  its total assets, including an unused oil refinery, at about
+  one billion dlrs.
+      The company, the second-largest natural gas producer in
+  Texas, said it has gas reserves of 1.2 trillion cubic feet and
+  over 1,000 miles of pipeline and gas gathering lines.
+      About 80 pct of TransAmerican's gas is available for spot
+  market sales in Texas during peak demand, it said.
+      Nabors said the TransAmerican reorganisation would repay
+  its 770 mln dlr debt with profits from natural gas sales. The
+  lawsuit seeks one billion dlrs in actual damages and one
+  billion in punitive damages from Coastal.
+      Coastal has been trying to break into the Texas gas market
+  since 1979, when it was forced to sell <Lo-Vaca Gas Gathering
+  Co> to settle over 1.6 billion dlrs in lawsuits by Texas
+  customers facing abrupt curtailment of supply.
+      Coastal, a natural gas producer and pipeline company,
+  earned 71.6 mln dlrs on sales of 6.7 billion in 1986, about
+  half the its 1985 profits, due to slumping energy prices.
+  
+
diff --git a/reuters/training/5796 b/reuters/training/5796
new file mode 100644
index 0000000000000000000000000000000000000000..610fe560c980b32b8328fc7e6646ea85c1c2b4c8
--- /dev/null
+++ b/reuters/training/5796
@@ -0,0 +1,35 @@
+STUDY PREDICTS U.S. DEPENDENCE ON FOREIGN OIL
+  A government study has concluded the
+  U.S. Will be dependent on oil from the middle east into the
+  next century and must take steps to reduce its vulnerability,
+  the New York Times said.
+      The newspaper said the inter-agency government study found
+  a serious oil-dependency problem due to steadily falling
+  domestic production and rising demand for imported oil.
+      The study concluded that by 1995 the U.S. Will be relying
+  on foreign countries for 50 pct of its oil, more than the peak
+  of 48 pct reached in 1977 and far above the 33 pct rate during
+  the 1973-74 Arab oil embargo.
+      The U.S. Now imports about 38 pct of its oil needs, up from
+  27 pct a year ago, the New York Times said.
+      It said recommendations sent to the White House by Energy
+  Secretary John Harrington include financial incentives to raise
+  domestic oil production by one mln barrels a day from the
+  current 8.4 mln barrels.
+      The newspaper said the administration has placed increased
+  emphasis on stockpiling oil reserves. It said the view now held
+  is that the Strategic Petroleum Reserve to be tapped in times
+  of shortages, should be increased by 100,000 barrels a day,
+  rather than 35,000 as called for in the 1988 budget.
+     The newspaper said Harrington may propose restoring the
+  depletion allowance to major producers.
+      "The administration also plans to renew its efforts to
+  ...Repeal the windfall profits tax, remove bars to drilling on
+  the outer continental shelf and repeal the law that limits the
+  use of natural gas in industrial and utility boilers," it added.
+      The New York Times quoted Senator Don Nickles of Oklahoma
+  as saying the study greatly underestimated potential U.S.
+  Demand for imported oil in the next decade and overestimated
+  the amount of domestic oil which would be produced.
+  
+
diff --git a/reuters/training/5797 b/reuters/training/5797
new file mode 100644
index 0000000000000000000000000000000000000000..234f197c0e6604b5d6fcb38c6447d25fe351dcd8
--- /dev/null
+++ b/reuters/training/5797
@@ -0,0 +1,5 @@
+JAPAN M-2 PLUS CD MONEY SUPPLY ROSE 8.8 PCT IN YEAR TO FEBRUARY (JAN 8.6) - OFFICIAL
+
+  JAPAN M-2 PLUS CD MONEY SUPPLY ROSE 8.8 PCT IN YEAR TO FEBRUARY (JAN 8.6) - OFFICIAL
+  
+
diff --git a/reuters/training/5798 b/reuters/training/5798
new file mode 100644
index 0000000000000000000000000000000000000000..87d2934416250130371b68a254e123c92eaf5302
--- /dev/null
+++ b/reuters/training/5798
@@ -0,0 +1,11 @@
+JAPAN FEBRUARY MONEY SUPPLY RISES 8.8 PCT
+  Japan's broadly defined money supply
+  average of M-2 plus certificate of deposits (CDs) rose a
+  preliminary 8.8 pct in February from a year earlier, compared
+  with an 8.6 pct rise in January, the Bank of Japan said.
+      The seasonally adjusted February average of M-2 plus CDs
+  supply rose 0.8 pct from January, it said.
+      Unadjusted M-2 plus CDs stood at an average 336,000 billion
+  yen in February compared with 337,100 billion yen in January.
+  
+
diff --git a/reuters/training/58 b/reuters/training/58
new file mode 100644
index 0000000000000000000000000000000000000000..6d04cf7dd282fdcb655f93657b07152f79daa812
--- /dev/null
+++ b/reuters/training/58
@@ -0,0 +1,10 @@
+ASSETS OF U.S. MONEY FUNDS ROSE IN WEEK
+  Assets of money market mutual funds
+  increased 720.4 mln dlrs in the week ended yesterday to 236.90
+  billion dlrs, the Investment Company Institute said.
+      Assets of 91 institutional funds rose 356 mln dlrs to 66.19
+  billion dlrs, 198 general purpose funds rose 212.5 mln dlrs to
+  62.94 billion dlrs and 92 broker-dealer funds rose 151.9 mln
+  dlrs to 107.77 billion dlrs.
+  
+
diff --git a/reuters/training/5800 b/reuters/training/5800
new file mode 100644
index 0000000000000000000000000000000000000000..c8fe3d6a4527838822128d8ffdab62cd7a1d02f2
--- /dev/null
+++ b/reuters/training/5800
@@ -0,0 +1,74 @@
+CHINA TO IMPORT MORE GRAIN IN 1987
+  China's grain imports will rise
+  in 1987 because of a serious drought and increasing demand, but
+  will be not be as large as in the past, Chinese officials and
+  Japanese traders told Reuters.
+      They said foreign exchange constraints and national policy
+  would not allow a return to large-scale imports, which peaked
+  at 16.15 mln tonnes in 1982.
+      An agricultural official of the Shanghai government put
+  maximum imports at about 10 mln tonnes this year, against 7.73
+  mln in 1986 and 5.97 mln in 1985.
+      Officials said grain imports rose in 1986 because of a poor
+  harvest and rising domestic demand, but remained below exports,
+  which rose to 9.42 mln tonnes from 9.33 mln in 1985.
+      "China is short of foreign exchange," the Shanghai official
+  said. "We cannot rely on imports, even at current low world
+  prices. Only if there is a major disaster will we become a
+  major importer."
+      A Japanese trader in Peking said Chinese grain imports
+  would rise and exports fall this year because of the drought,
+  low world prices and rising domestic demand for human and
+  animal consumption.
+      "At current prices, China loses yuan on every tonne of grain
+  it exports, though it earns foreign exchange which it badly
+  needs," the trader said.
+      The People's Daily said last Saturday a serious drought is
+  affecting 13.3 mln hectares of arable land, which will reduce
+  the summer grain harvest from last year's level.
+      The paper added that leaders in some areas were not paying
+  enough attention to agriculture, especially grain, making it
+  difficult to achieve the 1987 grain output target of 405 mln
+  tonnes against 391 mln in 1986.
+      "All areas must spare no effort to raise the autumn harvest
+  area, especially of corn, sweet potatoes, paddy rice and
+  high-yield cash crops," it said.
+      It added factory production might have to be reduced to
+  provide electricity for agriculture if it was needed to fight
+  the drought.
+      Since January, the press has devoted much attention to
+  grain, stressing that growth in output is vital to China's
+  economic and political stability and that prices paid to
+  farmers are too low.
+      Officials in east China have repeatedly said stable grain
+  production is a key state policy and outlined the measures
+  being taken in their areas to encourage output.
+      The Shanghai official said that in one suburb, 10 pct of
+  the pre-tax profits of factories are used to subsidise
+  agriculture. He said rural industries in other suburbs also set
+  aside money for grain and pay the salaries of some of the
+  70,000 workers available to help farmers.
+      Chu Jinfeng, an official of Fengbing county outside
+  Shanghai, said factory workers get 60 yuan a month and three
+  years unpaid leave to grow grain and can keep the profits.
+      Pan Huashan, an official of the agricultural department of
+  Zhejiang Province, said rural industry also subsidises grain
+  output in his province.
+      "In addition, we are setting up grain production bases,
+  raising the level of science and technology on the farms and
+  improving the supply of raw materials, roads and other
+  infrastructure," he said.
+      The Shanghai official said rural residents who work in
+  industry or commerce usually keep their land to farm in their
+  spare time, or let other family members farm it. In some cases,
+  they lease the land to grain farmers.
+      The China Daily said last month that grain output should
+  reach between 425 and 450 mln tonnes by 1990 and between 480
+  and 500 mln by 2000. It said growing grain should be made
+  profitable.
+      "The advantages the state promises grain growers actually
+  yield tangible profits for them and are not siphoned off by
+  intermediate agencies because of bureaucracy or corruption.
+  Only this will boost enthusiasm," it said.
+  
+
diff --git a/reuters/training/5803 b/reuters/training/5803
new file mode 100644
index 0000000000000000000000000000000000000000..a9f6e3541b159c3307576e4372b4edfd4a2cca18
--- /dev/null
+++ b/reuters/training/5803
@@ -0,0 +1,5 @@
+Japan October/December GNP up 0.8 pct (July/Sept revised 0.7 rise) - official
+
+  Japan October/December GNP up 0.8 pct (July/Sept revised 0.7 rise) - official
+  
+
diff --git a/reuters/training/5804 b/reuters/training/5804
new file mode 100644
index 0000000000000000000000000000000000000000..a62576a193a967d2d79f56fa4ef64276e1d9b23a
--- /dev/null
+++ b/reuters/training/5804
@@ -0,0 +1,5 @@
+Japan GNP rises 2.5 pct in calendar 1986 (4.7 pct in 1985) - official
+
+  Japan GNP rises 2.5 pct in calendar 1986 (4.7 pct in 1985) - official
+  
+
diff --git a/reuters/training/5805 b/reuters/training/5805
new file mode 100644
index 0000000000000000000000000000000000000000..0c9e45e2ff708195b48f3bdf8c04c31861c19917
--- /dev/null
+++ b/reuters/training/5805
@@ -0,0 +1,36 @@
+JAPAN OCTOBER/DECEMBER GNP RISES 0.8 PCT
+  Japan's gross national product (GNP) rose
+  a real 0.8 pct in the October/December quarter after an
+  upwardly revised 0.7 pct increase the previous three months,
+  the Economic Planning Agency (EPA) said.
+      The rise in the July/September quarter had originally been
+  put at 0.6 pct. The annualized growth rate accelerated to 3.2
+  pct in October/December from 3.0 pct in July/September.
+      In the 1986 calendar year, GNP rose 2.5 pct, after a 4.7
+  pct increase in 1985. Last year's performance was the worst
+  since 1974, when GNP fell 1.4 pct. Agency officials blamed the
+  strong yen for depressing exports and manufacturing industry.
+      In nominal terms, GNP rose 0.5 pct in the October/December
+  quarter, reflecting stable prices, after a one pct increase in
+  the previous three months, the Agency said.
+      Domestic real demand increased 0.6 pct in October/December,
+  after a one pct rise the previous quarter.
+      Domestic demand contributed 0.5 percentage point to real
+  GNP growth in October/December, while foreign trade added 0.2.
+  The figures do not tally exactly due to rounding.
+      In July/September, domestic demand contributed one
+  percentage point to GNP growth while foreign trade knocked off
+  0.3 point.
+      Of the 0.2 point contribution of foreign trade to GNP last
+  quarter, falling exports knocked off 0.2 while falling imports
+  contributed 0.4 point.
+      Total export volume fell 1.2 pct quarter on quarter in
+  October/December. Imports also fell, by 2.9 pct.
+      Of the 0.5 point contribution of domestic demand to
+  October/December GNP growth, the private sector accounted for
+  0.4 point and the public sector, 0.2.
+      The private sector contribution included 0.3 point for
+  housebuilding, 0.4 for corporate capital outlays and 0.1 for
+  stockbuilding. Consumer spending had a 0.4 negative impact.
+  
+
diff --git a/reuters/training/5807 b/reuters/training/5807
new file mode 100644
index 0000000000000000000000000000000000000000..4d79c913de5fabdfcf1f25d2f991c1e4b1ed8f43
--- /dev/null
+++ b/reuters/training/5807
@@ -0,0 +1,14 @@
+JAPAN OFFICIALS SEE DIFFICULTY HITTING GNP TARGET
+  The government will find it very
+  difficult to achieve its new gross national product (GNP)
+  forecast of three pct growth in the fiscal year ending March
+  31, Economic Planning Agency officials said.
+      They made the comment to reporters after news that GNP rose
+  0.8 pct in the October/December quarter, after a 0.7 pct
+  increase the previous three months.
+      For Japan to achieve three pct growth in 1986/87, GNP in
+  the January/March period would have to grow 2.6 pct from
+  October/December, the officials said. The government lowered
+  its GNP forecast for 1986/87 from four pct last December.
+  
+
diff --git a/reuters/training/5808 b/reuters/training/5808
new file mode 100644
index 0000000000000000000000000000000000000000..545d7d69c203f9624fce5ea468ac56d442549b1a
--- /dev/null
+++ b/reuters/training/5808
@@ -0,0 +1,79 @@
+FAIRCHILD DEAL FAILURE SEEN MAKING JAPANESE WARY
+  Schlumberger Ltd's <SLB.N> decision to
+  end an agreement in principle for Fujitsu Ltd <ITSU.T> to buy
+  80 pct of its <Fairchild Semiconductor Corp>, and the political
+  furore that surrounded the proposed sale, will make Japanese
+  companies more cautious in their efforts to acquire U.S. High
+  technology firms but will not halt such attempts, industry
+  analysts said.
+      The collapse of the deal will not be a critical blow to
+  Fujitsu but it will boost the cost of future U.S. Expansion by
+  the Japanese firm, said analysts polled by Reuters.
+      "The acquisition of Fairchild is not essential to Fujitsu's
+  North American operations, but it would have been a great
+  boost," James Capel and Co analyst Tom Murtha said.
+      French-controlled Schlumberger said yesterday it was ending
+  the agreement because mounting political controversy in the
+  U.S. Made it unlikely that the sale of the Fairchild stake
+  could be completed in a reasonable time.
+      The sale was opposed by the U.S. Commerce Department and
+  Defence Department, partly on national security grounds.
+      Fujitsu's acquisition of Fairchild would have given the
+  Japanese computer maker control of a comprehensive North
+  American sales and distribution system and access to
+  microprocessor technology, an area where Fujitsu is weak,
+  analysts said.
+      The deal would also have given Fujitsu 14 additional
+  microchip production facilities worldwide, eight of them in the
+  U.S., A report by the Capel firm said.
+      "It was an entry point, a port for semiconductors and a
+  marketing channel for other things," said Barclays de Zoete Wedd
+  analyst Rick May.
+      Several analysts said the purchase would not have given
+  Fujitsu access to critical defence technology.
+      "(Fairchild) simply doesn't have key technology -- that's a
+  thing of the past," May said.
+      The failure could be a blessing in disguise for Fujitsu as
+  it might have had to spend several hundred million dollars to
+  modernise Fairchild's production lines, Capel's Murtha said.
+      The failure of the deal will doubtless encourage Japanese
+  firms to take a lower profile in attempts to acquire U.S. High
+  tech firms but they are unlikely to stop, analysts said.
+      Most analysts said Fujitsu was likely to go the more costly
+  route of expanding its own production and distribution
+  facilities in the U.S., Although some said it could use the
+  estimated 200 mln dlrs set aside for buying Fairchild to try to
+  acquire some less politically symbolic firm.
+      "It may slow the pace of Japanese acquisitions, but the
+  necessity of expanding their production and design capacity in
+  America remains," said Capel's Murtha. "The Japanese will
+  continue to shop for bargains, but it will be harder to find
+  ones that are politically acceptable."
+      Japanese firms are likely to favour joint ventures or
+  smaller equity stakes in firms to avoid the political backlash
+  that blocked the Fairchild sale, analysts said. "They're not
+  going to slow up, they're just going to buy smaller pieces ...
+  Because of the political risk," said Barclays de Zoete's May.
+      Several Japanese firms have already taken 10 to 30 pct
+  shares in smaller U.S. High technology firms such as super
+  minicomputer makers, he said.
+      Opposition of the sort that blocked Fujitsu could end up
+  harming U.S. Firms and undermining a trend toward multinational
+  tie-ups, some analysts said.
+      "This is not really of benefit to U.S. Firms either," said
+  Jardine Fleming (Securities) Ltd analyst Nick Edwards. "The
+  pooling of resources in semiconductors is a positive move --
+  why should the government step in to prevent it?"
+      Japan's Minister of International Trade and Industry Hajime
+  Tamura told a press conference that interference by U.S.
+  Government officials in the Fairchild deal was inappropriate.
+      "This is entirely a private sector matter and not a matter
+  for governments' comment," Tamura said. "I think it was improper
+  for U.S. Government officials to intervene to the extent they
+  did," he said.
+      A spokesman told Reuters the ministry's view is that
+  international investment flows ought to be free and that such
+  flows are of increasing importance in line with the growing
+  closeness of U.S.-Japanese economic ties.
+  
+
diff --git a/reuters/training/5810 b/reuters/training/5810
new file mode 100644
index 0000000000000000000000000000000000000000..c9a4b30b931fdfb69afa78d617486210cceb1846
--- /dev/null
+++ b/reuters/training/5810
@@ -0,0 +1,25 @@
+S.KOREA SAYS JAPAN COMPLAINS TO GATT ON TRADE PLAN
+  Japan has complained to the secretariat
+  of the General Agreement on Tariffs and Trade (GATT) that South
+  Korea's five-year plan to cut its trade deficit with Japan
+  breaks GATT rules, Trade Ministry officials here said.
+      They said Japan submitted a report earlier this month
+  alleging South Korea's plan to import less from Japan and more
+  from the U.S. And elsewhere was tantamount to creating
+  non-tariff trade barriers.
+      South Korea unveiled the plan in November. It said it hoped
+  to narrow its trade deficit with Japan to two billion dlrs by
+  1991.
+      South Korea's trade deficit with Japan was a record 5.45
+  billion dlrs in 1986, and rose to 752 mln dlrs in the first two
+  months of 1987 from 727 mln in the same 1986 period.
+      The plan envisages giving incentives to importers not to
+  import Japanese goods, and to exporters to sell more to Japan.
+      The officials said they believed the Japanese action, one
+  step short of filing a suit, was designed to bring South Korea
+  to the negotiating table and stop the plan.
+      The Seoul government wants Tokyo to ease various import
+  restrictions and simplify customs inspections for South Korean
+  goods to help reduce the trade deficit.
+  
+
diff --git a/reuters/training/5811 b/reuters/training/5811
new file mode 100644
index 0000000000000000000000000000000000000000..76b144ede157ac37a7c31e2e899d12787561ced4
--- /dev/null
+++ b/reuters/training/5811
@@ -0,0 +1,14 @@
+AUSTRALIAN CURRENCY TRADING SET RECORD IN JANUARY
+  Spot volume in the Australian foreign
+  exchange market jumped to a record 22.63 billion dlrs a day in
+  January from 16.18 billion in December and 8.27 billion a year
+  earlier, the Reserve Bank said in its monthly bulletin.
+      The previous record was 17.51 billion dlrs last August.
+      The peak broke a steady trading trend of 15 to 17 billion
+  dlrs a day seen in the second half of 1986.
+      Including forward deals, total deliverable volume was 27.01
+  billion dlrs a day (13.43 billion against the Australian
+  dollar) against 19.56 billion (8.48 billion) in December and
+  9.92 billion (5.88 billion) a year earlier, the bank said.
+  
+
diff --git a/reuters/training/5812 b/reuters/training/5812
new file mode 100644
index 0000000000000000000000000000000000000000..289d22382fc75cbcc442b95c418a77de85342782
--- /dev/null
+++ b/reuters/training/5812
@@ -0,0 +1,35 @@
+JAPAN SEEN REDUCING BEEF, PORK INTERVENTION PRICES
+  The Agriculture Ministry is expected to
+  reduce official intervention prices for beef and pork in
+  1987/88 starting in April, but the cutback ratio has not been
+  set yet, industry sources said.
+      Production prices, the basis for setting intervention
+  prices, have been falling because of declining compound feed
+  prices due to low coarse grain import prices, they said.
+      Last November an advisory panel urged the government to
+  work on reducing officially set high farm product prices to
+  levels closer to international values, the sources added.
+      In Japan the government maintains a price stabilisation
+  zone system for beef and pork to support domestic producers.
+      The stabilisation zone is kept by the semi-government
+  Livestock Industry Promotion Corp (LIPC) through a buffer stock
+  operation in the wholesale market.
+      The 1987/88 beef and pork price stabilisation zone will be
+  set by the end of March after an advisory panel to the
+  Agriculture Ministry recommends the price zone at a meeting on
+  March 25, ministry officials said. At present, the standard or
+  bottom price of castrated wagyu beef, known as marbled beef, is
+  1,400 yen per kilo, while its ceiling is 1,820, they said.
+      The standard price of other beef, mainly produced from
+  dairy steers, is now 1,090 yen per kilo and the ceiling is
+  1,420, the officials said. The pork standard price is now 540
+  yen per kilo and the ceiling 760.
+      They said the domestic beef intervention price influences
+  imported beef selling prices on the domestic market.
+      Japan sets an annual beef import quota. A semi-government
+  body imports most of this and releases it to wholesalers or
+  processors in line with the standard price of other beef
+  categories in an attempt to avoid jeoparadising domestic beef
+  prices, they said.
+  
+
diff --git a/reuters/training/5814 b/reuters/training/5814
new file mode 100644
index 0000000000000000000000000000000000000000..163abd9593e25d743438737d73cdb681ec923565
--- /dev/null
+++ b/reuters/training/5814
@@ -0,0 +1,5 @@
+ Danish central bank cuts overnight money market interest rate to 10.5 pct from 11 pct - official
+
+   Danish central bank cuts overnight money market interest rate to 10.5 pct from 11 pct - official
+  
+
diff --git a/reuters/training/5815 b/reuters/training/5815
new file mode 100644
index 0000000000000000000000000000000000000000..cf3eea7c5657133ae0183f32a7a4dab6a2ae52f7
--- /dev/null
+++ b/reuters/training/5815
@@ -0,0 +1,13 @@
+MITSUBISHI CHEMICAL INDUSTRIES LTD <MCIT.T> YEAR
+  Year ended January 31
+      Parent shr 5.73 yen vs 5.80
+      Div five yen vs same
+      Net 7.01 billion vs 6.77 billion
+      Current 24.06 billion vs 23.76 billion
+      Operating 37.62 billion vs 45.26 billion
+      Sales 630.08 billion vs 810.89 billion
+      NOTE - Company forecast for current year parent div five
+  yen, net seven to eight billion, current 24 billion, sales 610
+  billion.
+  
+
diff --git a/reuters/training/5818 b/reuters/training/5818
new file mode 100644
index 0000000000000000000000000000000000000000..01fb8485c208ef58c3a5d98ef37a63d10d5cbac9
--- /dev/null
+++ b/reuters/training/5818
@@ -0,0 +1,13 @@
+JAPAN FOREIGN SHIPBUILDING ORDERS RISE IN FEBRUARY
+  New foreign shipbuilding orders received
+  by Japanese yards in February rose to six vessels totalling
+  329,999 gross tons from three ships of 79,499 tons in January,
+  the Japan Ship Exporters Association said.
+      This compared with six ships of 125,150 gross tons a year
+  earlier, an association official said.
+      The backlog of orders at end-February was 157 ships of 4.41
+  mln gross tons against 161 ships of 4.39 mln a month earlier
+  and 265 vessels of 6.81 mln a year earlier, an association
+  official said.
+  
+
diff --git a/reuters/training/5819 b/reuters/training/5819
new file mode 100644
index 0000000000000000000000000000000000000000..d5a40e2eb67131fe21e0894ab73f1e5f49a218cd
--- /dev/null
+++ b/reuters/training/5819
@@ -0,0 +1,12 @@
+U.K. MONEY MARKET DEFICIT FORECAST AT 450 MLN STG
+  The Bank of England said it forecast a
+  shortage of around 450 mln stg in the money market today.
+      Among the main factors affecting liquidity, bills maturing
+  in official hands and the take-up of treasury bills will drain
+  some 650 mln stg while banker's balances below target will take
+  out around 50 mln stg.
+      Partly offsetting these outflows, exchequer transactions
+  and a fall in note circulation will add some 200 mln stg and 50
+  mln stg to the system respectively.
+  
+
diff --git a/reuters/training/5822 b/reuters/training/5822
new file mode 100644
index 0000000000000000000000000000000000000000..cd9505d98dbea56c9e6c85c871329ae60e11c507
--- /dev/null
+++ b/reuters/training/5822
@@ -0,0 +1,11 @@
+CCIC FINANCE LTD - YEAR TO DEC 31
+  Net profit 16.66 mln H.K. Dlrs vs 11.28 mln
+      Total divs to shareholders 7.5 mln vs nil
+      Note - Firm underwrote 23 capital market issues in 1986.
+  Next industrial transaction in May is syndication of a 35 mln
+  U.S. Dlr loan to the Shanghai Ta Chun Tyre Project. The company
+  is a joint venture merchant bank between the <Bank of China>,
+  <First National Bank of Chicago> and the Industrial Bank of
+  Japan <IBJT.T>
+  
+
diff --git a/reuters/training/5826 b/reuters/training/5826
new file mode 100644
index 0000000000000000000000000000000000000000..dcb77619d7c475d2b423e693045c562c5d8fd9e5
--- /dev/null
+++ b/reuters/training/5826
@@ -0,0 +1,11 @@
+SOUTHEAST CHINA CROPS SAVED BY HEAVY RAIN
+  The heaviest rains for seven months are
+  believed to have saved more than one mln hectares of
+  drought-threatened crops in southeast China, the official New
+  China News Agency said.
+      This week's rains have alleviated drought conditions in
+  Guangdong Province, the agency said.
+      China has warned that this year's harvest will be affected
+  by drought in many areas.
+  
+
diff --git a/reuters/training/5827 b/reuters/training/5827
new file mode 100644
index 0000000000000000000000000000000000000000..9cf9d33a6d23c75a91a54af2f5b12af68da1549e
--- /dev/null
+++ b/reuters/training/5827
@@ -0,0 +1,53 @@
+ZAMBIA STOPS SENDING COPPER THROUGH SOUTH AFRICA
+  Zambia has stopped sending its copper
+  exports through South Africa, the official Times of Zambia
+  said.
+      The newspaper yesterday quoted highly placed sources as
+  saying the state-owned Zambia Consolidated Copper Mines (ZCCM)
+  was diverting its mineral exports away from South Africa, but
+  it did not say which alternative routes were being used.
+      ZCCM officials declined to comment on the report, but
+  Standwell Mapara, general manager of the Tanzania-Zambia
+  Railway Authority (TAZARA), told Reuters recently virtually all
+  Zambian mineral exports had been channelled along the TAZARA
+  line to Dar es Salaam for the last three months.
+      During that period no Zambian copper had been shipped
+  through Zimbabwe to the Mozambican port of Beira - the only
+  other available route which avoids South Africa, Mapara said.
+      Last December TAZARA carried 36,000 tonnes of Zambian
+  mineral ore, the line's record for any one month period, he
+  added.
+      Copper, cobalt and other mineral exports account for 95 to
+  98 pct of Zambia's foreign exchange earnings and President
+  Kenneth Kaunda told Reuters in a recent interview it was vital
+  for his country to assure new outlets for them, avoiding the
+  traditional route through South Africa.
+      Referring to Zambia's preparations for a possible cut in
+  economic links with South Africa, Kaunda told Reuters in an
+  interview on March 1, "My main concern, of course, is the mines
+  because whatever happens we must continue to run the mines."
+      According to Mapara, TAZARA handled 1.1 mln tonnes of
+  freight last year and is still working well below its present
+  1.4 mln capacity. Kaunda said that once preparations had been
+  completed for evacuating Zambia's mineral exports on safe and
+  dependable routes his government would look to increase its
+  usage of TAZARA for other types of cargo.
+      The 1986 annual report of Zambia's state-run Metal
+  Marketing Corporation said 81 pct of the country's metal
+  exports were channelled through Dar es Salaam last year, versus
+  79 pct in 1985. The report said Zambian copper production fell
+  to 463,000 tonnes last year from 526,000 in 1985.
+      Despite the official optimism about diversifying Zambia's
+  export routes, diplomatic sources in Lusaka expressed
+  reservations about the capacity of Dar es Salaam and Beira
+  ports to handle all of Zambia's mineral exports, even if they
+  could be hauled there by train.
+      "The two ports cannot in any way and in their present form
+  handle the huge exports of Zambian copper," one western diplomat
+  said.
+      "A serious disruption in copper movement to the markets
+  could be brought about as it would pile up at the two ports
+  which lack the facilities and space to handle the copper
+  tonnage," he added.
+  
+
diff --git a/reuters/training/5830 b/reuters/training/5830
new file mode 100644
index 0000000000000000000000000000000000000000..df9f0c5d45a030153bf1e0fc169ee4f98defa226
--- /dev/null
+++ b/reuters/training/5830
@@ -0,0 +1,23 @@
+OECD JANUARY ANNUAL INFLATION STEADY AT 2.1 PCT
+  Inflation in the 24 industrialised
+  nations of the Organisation for Economic Cooperation and
+  Development was 2.1 pct in the year to January, unchanged from
+  December, the OECD said.
+      But monthly inflation throughout the OECD was an average
+  0.4 pct in January, a rise compared to the 0.2 pct in the last
+  quarter.
+      Retail energy prices rose strongly in January, reflecting
+  the firming of world oil prices. For OECD states the increase
+  was 0.7 pct but the January level of retail energy prices was
+  still 11.6 pct lower than a year earlier, the OECD said.
+      The increase in consumer prices excluding food and energy,
+  at 0.4 pct in January for the whole OECD area, was unchanged on
+  the four previous months, but over the year to January OECD
+  consumer prices rose by 3.5 pct, against 3.3 pct in December.
+      Unadjusted annual inflation for the seven leading
+  industrialised nations in January was running at 4.4 pct in
+  Italy, 3.9 pct in Britain and Canada, three pct in France, 1.4
+  pct in the U.S., Minus 0.8 pct in West Germany and minus 1.5
+  pct in Japan, the OECD said.
+  
+
diff --git a/reuters/training/5833 b/reuters/training/5833
new file mode 100644
index 0000000000000000000000000000000000000000..5f336b0c8339ce15d8b0390bf92c5dcbbb399b02
--- /dev/null
+++ b/reuters/training/5833
@@ -0,0 +1,10 @@
+CARGILL STRIKE TALKS CONTINUING TODAY
+  Further talks will be held this morning
+  at Cargill U.K. Ltd's oilseed processing plant at Seaforth,
+  after yesterday's meeting between management and unions failed
+  to produce a solution to end the three month old strike, a
+  company spokesman said.
+      Talks will be extended to tomorrow if there is no
+  breakthrough in today's session, he said.
+  
+
diff --git a/reuters/training/5835 b/reuters/training/5835
new file mode 100644
index 0000000000000000000000000000000000000000..25192d89d40c111a18779f29be7d3ee16e7306ca
--- /dev/null
+++ b/reuters/training/5835
@@ -0,0 +1,24 @@
+INDONESIAN SUGAR OUTPUT FORECAST TO RISE IN 1987
+  Indonesian sugar output is forecast by
+  the government to reach 2.126 mln tonnes in calendar 1987
+  against projected consumption of 2.039 mln tonnes, Agriculture
+  Minister Achmad Affandi said.
+      Production in 1986, when Indonesia was forced to import
+  sugar, is officially estimated at 2.016 mln tonnes against
+  1.728 mln in 1985.
+      The U.S. Embassy said in its annual Agriculture Report on
+  Indonesia there were growing signs that actual output was lower
+  than official figures. It estimated 1986 production at 1.8 mln
+  tonnes and forecast little change for 1987.
+      Indonesia imported 162,000 tonnes of sugar towards the end
+  of last year and in early 1987 to boost low stocks.
+      Affandi told reporters stocks fel to as low as 159,000
+  tonnes at the beginning of 1987. Industry sources said this
+  represented under one month's consumption.
+      The minister said Indonesia should hold three months'
+  supply, or 510,000 tonnes.
+      A spokesman for the National Logistics Bureau, which
+  distributes and stores sugar, said stocks this month were
+  489,437 tonnes. The harvesting season begins in April.
+  
+
diff --git a/reuters/training/5836 b/reuters/training/5836
new file mode 100644
index 0000000000000000000000000000000000000000..1efb5e66b72e72b9fe8a788a05b4cda2dc7ddfdd
--- /dev/null
+++ b/reuters/training/5836
@@ -0,0 +1,14 @@
+TAIWAN ISSUES MORE CERTIFICATES OF DEPOSIT
+  Taiwan's central bank issued 12 billion
+  Taiwan dlrs worth of certificates of deposit after issuing six
+  billion yesterday, bringing CD issues so far this year to
+  115.47 billion dlrs, a bank official told Reuters.
+      The new CDs have maturities of six months, one year and two
+  years and bear interest rates ranging from 4.07 pct to 5.12
+  pct, he said.
+      The issues are aimed at helping curb the growth of M-1b
+  money supply, which is the result of large foreign exchange
+  reserves. The reserves now total more than 51 billion U.S.
+  Dlrs.
+  
+
diff --git a/reuters/training/5838 b/reuters/training/5838
new file mode 100644
index 0000000000000000000000000000000000000000..d8f1ac661b40df101e960cdf42c138fcc4981ba1
--- /dev/null
+++ b/reuters/training/5838
@@ -0,0 +1,5 @@
+FRENCH JANUARY PAYMENTS SURPLUS 0.3 BILLION FRANCS (3.8 BILLION DECEMBER SURPLUS)-OFFICIAL
+
+  FRENCH JANUARY PAYMENTS SURPLUS 0.3 BILLION FRANCS (3.8 BILLION DECEMBER SURPLUS)-OFFICIAL
+  
+
diff --git a/reuters/training/5839 b/reuters/training/5839
new file mode 100644
index 0000000000000000000000000000000000000000..3ce7811400496ff5f843b2a5d78c1db181323a86
--- /dev/null
+++ b/reuters/training/5839
@@ -0,0 +1,11 @@
+ITALIAN WHOLESALE PRICES UP 1.1 PCT IN JANUARY
+  The wholesale price index rose 1.1 pct
+  month-on-month in January 1987 after increasing by 0.3 pct in
+  December 1986, the national statistics institute Istat said.
+      The index, base 1980 equals 100, registered 172.8 in
+  January compared with 170.9 in December.
+      The January 1987 figure represents a fall over January 1986
+  of 1.7 pct after a year-on-year decrease in December 1986 of
+  2.5 pct.
+  
+
diff --git a/reuters/training/5841 b/reuters/training/5841
new file mode 100644
index 0000000000000000000000000000000000000000..dc36ef154b5a22ab866536719dfa6ea8d58ba80e
--- /dev/null
+++ b/reuters/training/5841
@@ -0,0 +1,31 @@
+TAIWAN SAID CONSIDERING CURRENCY LIBERALISATION
+  Taiwan's central bank is considering
+  proposals to ease currency restrictions to reduce foreign
+  exchange reserves of 51 billion U.S. Dlrs, a local newspaper
+  reported today.
+      The China Times, which has close ties with the government,
+  quoted central bank governor Chang Chi-cheng as saying the
+  government had agreed in principle to liberalise financial
+  restrictions.
+      The bank was considering proposals to allow firms and
+  individuals to hold foreign exchange and invest in foreign
+  stocks for the first time, Chang was quoted as saying.
+      All foreign exchange must now be handed to local banks and
+  exchanged for local currency. Firms and individuals may only
+  invest in foreign government bonds, treasury bills and
+  certificates of deposit.
+      Central bank and other government officials were not
+  available to comment on the report.
+      Economists said it was likely that the government would
+  ease foreign exchange controls, but only gradually.
+      They said vast foreign currency reserves, earned mainly
+  from huge trade surpluses with the United States, made Taiwan a
+  target for U.S. Protectionism.
+      Taiwan's trade surplus with the U.S. Rose to 13.6 billion
+  U.S. Dlrs last year compared with 10.2 billion in 1985.
+      "The central bank has to go in this direction," said Su
+  Han-min, chief economist with the International Commercial Bank
+  of China. "If they don't quicken the pace, Washington could
+  retaliate and really damage Taiwan."
+  
+
diff --git a/reuters/training/5842 b/reuters/training/5842
new file mode 100644
index 0000000000000000000000000000000000000000..48f992c3c6b637aa000e105a7f8b15b038562195
--- /dev/null
+++ b/reuters/training/5842
@@ -0,0 +1,23 @@
+FRENCH PAYMENTS SURPLUS SHRINKS IN JANUARY
+  France's current account payments surplus
+  slipped to a provisional 300 mln francs, seasonally adjusted,
+  in January from a downward revised surplus of 3.8 billion in
+  December, the Finance Ministry said.
+      The December figure was revised from a provisional 4.8
+  billion franc surplus reported a month ago.
+      On an unadjusted basis, January payments showed a 5.2
+  billion franc deficit after a revised 7.1 billion December
+  surplus. The December unadjusted surplus was revised down from
+  a provisional 8.2 billion.
+      The Ministry said trade, measured on balance of payments
+  criteria, showed an unadjusted 7.1 billion franc January
+  deficit while services showed a 3.7 billion surplus.
+      Other items, mainly including unilateral transfers, showed
+  a 1.8 billion deficit.
+      The current account showed an adjusted surplus of 6.1
+  billion francs in January last year, and an unadjusted deficit
+  of one billion.
+      The full year 1986 current account surplus was reported
+  last month at 25.8 billion francs.
+  
+
diff --git a/reuters/training/5845 b/reuters/training/5845
new file mode 100644
index 0000000000000000000000000000000000000000..6b9f381d97d5eda7d3d6d3d07fccbcbed06bacf4
--- /dev/null
+++ b/reuters/training/5845
@@ -0,0 +1,5 @@
+U.K. JAN INDUSTRIAL OUTPUT RISES 0.4 PCT, MANUFACTURING DOWN 2.3 PCT - OFFICIAL
+
+  U.K. JAN INDUSTRIAL OUTPUT RISES 0.4 PCT, MANUFACTURING DOWN 2.3 PCT - OFFICIAL
+  
+
diff --git a/reuters/training/5847 b/reuters/training/5847
new file mode 100644
index 0000000000000000000000000000000000000000..b8afb88b7d3572c5ec9ce26606d234087346e711
--- /dev/null
+++ b/reuters/training/5847
@@ -0,0 +1,22 @@
+ZIMBABWE MAIZE OUTPUT TO FALL 65 PCT
+  Maize deliveries to Zimbabwe's
+  state-owned Grain Marketing Board (GMB) will fall by over 65
+  pct this year, following a prolonged dry spell, agricultural
+  industry sources said.
+      They said 1987 maize deliveries are expected to decline to
+  around 520,000 tonnes from 1.6 mln tonnes last year. About 60
+  pct of the maize will be delivered by large-scale commercial
+  farmers and the balance by small-scale peasant producers.
+      Although this will be the lowest level of maize deliveries
+  since 1980, the sources said there is no danger of a food
+  shortage in Zimbabwe.
+      While annual maize consumption is estimated at 750,000
+  tonnes, the GMB stockpile is currently around 1.8 mln tonnes,
+  which means that even with the sharply reduced production this
+  year Zimbabwe has enough maize for the next three years.
+      The sources said the lower maize crop would be offset by a
+  25 pct increase in cotton production to 315,000 tonnes from
+  248,000 tonnes last year, and by a rise of 20 pct in soybean
+  deliveries to 100,000 tonnes from 84,000 tonnes in 1986.
+  
+
diff --git a/reuters/training/5848 b/reuters/training/5848
new file mode 100644
index 0000000000000000000000000000000000000000..de80edc060985185a628153ef3bf6fd19038387f
--- /dev/null
+++ b/reuters/training/5848
@@ -0,0 +1,36 @@
+U.K. INDUSTRIAL OUTPUT RISES IN JANUARY
+  U.K. Industrial production rose a
+  provisional 0.4 pct in January after a 0.6 pct decline in
+  December 1986, figures from the Central Statistical Office
+  show.
+      The index for industrial production, base 1980, was set at
+  a seasonally adjusted 109.8 in January after December's 109.4
+  and compared with 108.2 a year earlier.
+      Output of manufacturing industries fell a provisional 2.3
+  pct in January after a 0.2 pct rise last December.
+      The index for manufacturing, base 1980, fell to 103.9 from
+  106.3, and compared with 102.3 a year earlier.
+      The CSO said industrial production in the three months to
+  January was provisionally estimated to have fallen by 0.7 pct
+  from the level of the previous three months, while
+  manufacturing output rose by 0.5 pct in the same period.
+      In the three months, industrial production was 1.5 pct
+  higher than in the same period a year earlier, while
+  manufacturing output was two pct higher.
+      Within manufacturing, output of the metals industry rose by
+  six pct and that of engineering and allied industries by one
+  pct between the two latest three month periods. Output of
+  chemicals and textiles fell by one pct and minerals by two pct.
+      The Office said output of the investment goods industries
+  rose 0.1 pct while consumer goods output increased 0.6 pct.
+      Output of intermediate goods fell 1.6 pct between the two
+  latest three-month periods.
+      The figures showed the energy production index, base 1980,
+  rose 7.2 pct in January to 126.4 from December's 117.9 and from
+  124.6 in January 1986.
+      In the latest three months, the energy index, which
+  comprises oil, natural gas and coal production, was down 3.5
+  pct on the previous quarter and 0.5 pct below the same period a
+  year earlier.
+  
+
diff --git a/reuters/training/5849 b/reuters/training/5849
new file mode 100644
index 0000000000000000000000000000000000000000..d954dccce5842194e0cf6947deb829bec64c1262
--- /dev/null
+++ b/reuters/training/5849
@@ -0,0 +1,16 @@
+ZIMBABWE GDP RISES 0.2 PCT IN 1986
+  Zimbabwe's real gross domestic product
+  increased 0.2 pct in 1986, according to preliminary figures
+  published by the Central Statistical Office (CSO). This
+  contrasts with a rise of more than nine pct in 1985.
+      The main reason for the slower rate of economic growth was
+  a drop in the real value of agricultural output. This declined
+  12 pct in 1986 following a 24 pct improvement the previous
+  year. Mining output fell one pct in 1986 but manufacturing
+  production increased 1.4 pct.
+      The CSO said that at current prices GDP rose 12.7 pct to
+  8.2 billion Zimbabwe dlrs, but inflation, measured by the GDP
+  deflator, was estimated at 12.2 pct, so there was virtually no
+  growth in real output during 1986.
+  
+
diff --git a/reuters/training/5850 b/reuters/training/5850
new file mode 100644
index 0000000000000000000000000000000000000000..555cb819cd4768188c5422dee57417c99fe57402
--- /dev/null
+++ b/reuters/training/5850
@@ -0,0 +1,43 @@
+JAPAN SAYS U.S.-JAPAN MICROCHIP PACT WORKING
+  Japanese officials sought to convince the
+  U.S. That a U.S.-Japan pact on microchip trade is working ahead
+  of an April 1 deadline set by the U.S. For them to prove their
+  case.
+      "We are implementing the agreement in good faith and the
+  situation does not run counter to the pact," Osamu Watanabe,
+  Director of the Ministry of International Trade and Industry's
+  (MITI) Americas and Oceanic Division, told foreign reporters.
+      "The effects of the measures we have taken and are taking
+  are emerging in the market place," he said.
+      U.S. Trade officials have repeatedly accused Japanese
+  microchip makers of violating the pact by continuing to sell at
+  below cost in markets outside Japan and the United States.
+      The agreement, signed last September, aimed at halting
+  predatory Japanese pricing policies and increasing U.S.
+  Semiconductor firms' access to the Japanese market.
+      The comments by MITI officials followed a call by Prime
+  Minsiter Yasuhiro Nakasone to clear up any misunderstandings on
+  the U.S. Side about the pact, Watanabe said.
+      Yukio Honda, director of MITI's Industrial Electronics
+  Division, denied that Japanese chipmakers were selling at below
+  cost in third countries.
+      MITI's call to Japanese chip makers last month to cut
+  production of key memory chips in the first quarter of this
+  year has begun to dry up the source of cheap chips for sale in
+  the non-regulated grey market, Honda said.
+      "The grey market exports from Japan are shrinking now, but
+  in contrast U.S. And South Korean companies are expanding
+  market share because of their cheaper prices," Honda said.
+      MITI plans to take further steps to reduce the excess
+  supply of inexpensive chips which developed in Japan after the
+  pact was formed because of a slump in Japanese semiconductor
+  exports to the United States, he added.
+      The ministry will soon release its supply-demand guidelines
+  for the second quarter and suggested production volumes are
+  likely to be lower than that for the first quarter, he said.
+      Despite businessmen's ingenuity in finding ways around any
+  artificial controls, regulation of supply and demand should
+  bring positive results, Watanabe said. "I am optimistic," he
+  added.
+  
+
diff --git a/reuters/training/5852 b/reuters/training/5852
new file mode 100644
index 0000000000000000000000000000000000000000..86a67175869953d2feb58a8a10fdae9cd4230682
--- /dev/null
+++ b/reuters/training/5852
@@ -0,0 +1,24 @@
+LOOPHOLE FOR TANKERS IN NORWAY'S S. AFRICA BAN
+  Norway's parliament has approved an
+  extensive trade ban against South Africa but left shipowners a
+  key loophole through which controversial oil shipments on
+  Norwegian tankers may continue, government officials said.
+      The unilateral boycott gives domestic companies until late
+  September to cut trade ties with South Africa and Namibia.
+      Although forbidding crude oil shipments to South Africa on
+  Norwegian-owned tankers, the boycott makes a crucial exception
+  for ships whose final destination is decided while at sea. As
+  oil cargoes are often resold after loading, critics said the
+  door will be left open for continued shipments to South Africa.
+      Norwegian tankers supplied South Africa with about 30 pct
+  of its crude oil imports during the early 1980s, but the trade
+  has dropped sharply to just one cargo in the last three months,
+  trade ministry officials said.
+      The latest trade figures show Norwegian imports from South
+  Africa dropped 36 pct to 160 mln crowns during the first eight
+  months of 1986, while exports plunged 52 pct to 265 mln crowns
+  from the year-ago figure.
+      The boycott legislation now goes to the upper house for
+  formal ratification later this week, parliamentarians said.
+  
+
diff --git a/reuters/training/5854 b/reuters/training/5854
new file mode 100644
index 0000000000000000000000000000000000000000..f25d2beb14914cd84c92a1a203f6777c008e906f
--- /dev/null
+++ b/reuters/training/5854
@@ -0,0 +1,9 @@
+HANSON SELLS FINLAYS UNIT FOR 16.9 MLN STG
+  Hanson Trust Plc <HNSN.L> said it will
+  sell its Finlays confectionery, tobacco and newsagent business
+  to a specially formed company, <Finlays Plc> for an estimated
+  16.9 mln stg cash.
+      The chain of stores was acquired when Hanson took over
+  <Imperial Group Plc> last year.
+  
+
diff --git a/reuters/training/5858 b/reuters/training/5858
new file mode 100644
index 0000000000000000000000000000000000000000..71e1b94eeb2b5b577cfdb2776fc3c742cd87fc0e
--- /dev/null
+++ b/reuters/training/5858
@@ -0,0 +1,66 @@
+DOLLAR SEEN FALLING UNLESS JAPAN SPURS ECONOMY
+  Underlying dollar sentiment is bearish,
+  and operators may push the currency to a new low unless Japan
+  takes steps to stimulate its economy as pledged in the Paris
+  accord, foreign exchange analysts polled by Reuters said here.
+      "The dollar is expected to try its psychological barrier of
+  150.00 yen and to fall even below that level," a senior dealer
+  at one leading bank said.
+      The dollar has eased this week, but remains stable at
+  around 151.50 yen. Six major industrial countries agreed at a
+  meeting in Paris in February to foster currency stability.
+      Some dealers said the dollar may decline in the long term,
+  but a drastic fall is unlikely because of U.S. Fears of renewed
+  inflation and fears of reduced Japanese purchases of U.S.
+  Treasury securities, needed to finance the U.S. Deficit.
+      Dealers generally doubted whether any economic package
+  Japan could adopt soon would be effective enough to reduce its
+  trade surplus significantly, and said such measures would
+  probably invite further U.S. Steps to weaken the dollar.
+      Under the Paris accord, Tokyo promised a package of
+  measures after the fiscal 1987 budget was passed to boost
+  domestic demand, increase imports and cut its trade surplus.
+      But debate on the budget has been delayed by an opposition
+  boycott of Parliamentary business over the proposed imposition
+  of a five pct sales tax, and the government has only a slim
+  chance of producing a meaningful economic package in the near
+  future, the dealers said.
+      If no such steps are taken, protectionist sentiment in the
+  U.S. Congress will grow, putting greater downward pressure on
+  the dollar, they said.
+      The factors affecting the U.S. Currency have not changed
+  since before the Paris accord, they added.
+      "Underlying sentiment for the dollar remains bearish due to
+  a still-sluggish U.S. Economic outlook, the international debt
+  crisis triggered by Brazil's unilateral suspension of interest
+  payments on its foreign debts and the reduced clout of the
+  Reagan administration as a result of the Iran/Contra arms
+  scandal," said a senior dealer at a leading trust bank.
+      "There is a possibility that the dollar may decline to
+  around 140.00 yen by the end of this year," said Chemical Bank
+  Tokyo branch vice president Yukuo Takahashi.
+      But operators find it hard to push the dollar either way
+  for fear of possible concerted central bank intervention.
+      Dealers said there were widespread rumours that the U.S.
+  Federal Reserve telephoned some banks in New York to ask for
+  quotes last Wednesday, and even intervened to sell the dollar
+  when it rose to 1.87 marks.
+      The Bank of England also apparently sold sterling in London
+  when it neared 1.60 dlrs on Wednesday, they said.
+      But other dealers said they doubted the efficacy of central
+  bank intervention, saying it may stimulate the dollar's decline
+  because many dealers are likely to await such dollar buying
+  intervention as a chance to sell dollars.
+      However, First National Bank of Chicago Tokyo Branch
+  assistant manager Hiroshi Mochizuki said "The dollar will not
+  show drastic movement at least to the end of March."
+      Other dealers said the U.S. Seems unwilling to see any
+  strong dollar swing until Japanese companies close their books
+  for the fiscal year ending on March 31, because a weak dollar
+  would give Japanese institutional investors paper losses on
+  their foreign holdings, which could make them lose interest in
+  purchases of U.S. Treasury securities.
+      U.S. Monetary officials may refrain from making any
+  comments this month to avoid influencing rates, they said.
+  
+
diff --git a/reuters/training/5861 b/reuters/training/5861
new file mode 100644
index 0000000000000000000000000000000000000000..33c170f5bc8855d1e62f726378897c03d3441c8b
--- /dev/null
+++ b/reuters/training/5861
@@ -0,0 +1,7 @@
+U.K. MONEY MARKET RECEIVES NO MORNING ASSISTANCE
+  The Bank of England said it did not
+  operate in the money market in the morning session.
+      Earlier, the central bank had estimated the deficit in the
+  system today at some 450 mln stg.
+  
+
diff --git a/reuters/training/5866 b/reuters/training/5866
new file mode 100644
index 0000000000000000000000000000000000000000..185e0eddd55717b65892abbee8278cba4ffc6505
--- /dev/null
+++ b/reuters/training/5866
@@ -0,0 +1,13 @@
+IRAN SAID TO ATTACK CYPRIOT TANKER
+  A Cypriot tanker was set ablaze in the
+  Persian Gulf yesterday after an Iranian gunboat fired missiles
+  at it, shipping sources quoting reports from Japanese tankers
+  said today.
+      No casualties were seen and the tanker Pivot, laden with
+  crude oil, was towed towards Dubai by tugs after they put out
+  the fire, the sources said.
+      Iranian gunboats usually check a ship's nationality and
+  cargo before attacking but the Pivot was hit near Bu Musa
+  island without warning, they added.
+  
+
diff --git a/reuters/training/5868 b/reuters/training/5868
new file mode 100644
index 0000000000000000000000000000000000000000..5a62f728561871d821fde103ff62f581435924c5
--- /dev/null
+++ b/reuters/training/5868
@@ -0,0 +1,25 @@
+BILLITON SEEKS CHANGE IN SURINAM POLICIES
+  <Billiton
+  International Metals B.V.>, the Dutch mining company, has urged
+  Surinam to change policies it says are causing heavy losses on
+  bauxite mining operations there, a company spokesman said.
+      He told Reuters that Billiton, a fully-owned Royal
+  Dutch/Shell <RD.AS> subsidiary, presented the demands to Henk
+  Heidweiler, a top aide to Surinam military leader Desi
+  Bouterse, who visited the Netherlands last week for official
+  talks.
+      Billiton and <Suralco>, owned by U.S. Conglomerate Alcoa
+  <AA.S>, both want devaluation, and lower wages, welfare
+  contributions, taxes on bauxite and energy prices.
+      The two firms are the biggest private sector employers in
+  Surinam. Billiton also urged Heidweiler to improve the safety
+  of its employees in the campaign against a jungle guerilla
+  group, the spokesman said, adding rebel fighting since July
+  1986 had depressed production at Billiton and Suralco plants.
+      High voltage cables from the power plant of Afobakka have
+  been cut, and a bauxite mine at Moengo has been shut, he added.
+      "We are already making vast losses in Surinam and you can't
+  expect any company to remain operating with losses," the
+  spokesman said.
+  
+
diff --git a/reuters/training/5870 b/reuters/training/5870
new file mode 100644
index 0000000000000000000000000000000000000000..4e5fb0d7896ba3b19157511591ffc934cb102e42
--- /dev/null
+++ b/reuters/training/5870
@@ -0,0 +1,28 @@
+DUTCH PORT EMPLOYERS RESUME LAY-OFF PLANS
+  Employers in Rotterdam's troubled
+  general cargo sector have decided to restart stalled redundancy
+  procedures within a week, employers' organisation labour
+  relations manager Gerard Zeebregts told Reuters.
+      Port and transport union spokesman Bert Duim said the
+  employers' decision would not lead to the immediate resumption
+  of eight weeks of strikes in the sector.
+      The strike action was called off on Friday after an interim
+  court injunction against the employers' plans for 350
+  redundancies this year.
+      A court in Amsterdam ruled last week the employers had made
+  an error in the complicated procedure for obtaining permission
+  for the redundancies and therefore could not proceed until a
+  final ruling on May 7.
+      Zeebregts said the initiation of new procedure might well
+  take up to two months, but the employers were not prepared
+  simply to sit and wait for the May 7 court ruling with the
+  chance they would have to start all over again in any case.
+      "We cannot afford not to continue with our plans. The
+  strikes have already cost a lot of money and damaged business,
+  and further delays would do even more damage," Zeebregts said.
+      The campaign of lightning strikes in the port's general
+  cargo sector began on January 19 in protest at employers' plans
+  for 800 redundancies from the sector's 4,000 strong workforce
+  by 1990, starting with 350 this year.
+  
+
diff --git a/reuters/training/5873 b/reuters/training/5873
new file mode 100644
index 0000000000000000000000000000000000000000..bcde147219ea3a4c99acb2df2a58088b4fcb48ff
--- /dev/null
+++ b/reuters/training/5873
@@ -0,0 +1,14 @@
+COMMERCIAL INTERNATIONAL <CMMC> MAKES PURCHASE
+  Commercial International Corp said
+  it has completed the previously-announced acquisition of most
+  of the assets of Growers Distributing International Corp, a
+  table grape marketer, for an undisclosed amount.
+      It said the entire purchase price will be payable over a
+  three-year period and based on a percentage of pre-tax earnings
+  of the acquired operation.
+      The company said it has an option to acquire Growers' cold
+  storage facility and related assets in Tulare County, Calif.
+  Growers is owned by Commercial chairman Sid Schuman Jr. and
+  director Arnold T. Cattani Jr.
+  
+
diff --git a/reuters/training/5875 b/reuters/training/5875
new file mode 100644
index 0000000000000000000000000000000000000000..b39fb801d55ce3d555036d28bb9b0a36c261790d
--- /dev/null
+++ b/reuters/training/5875
@@ -0,0 +1,8 @@
+<TIMEX CORP> SELLS UNIT
+  <Swiss Corp for Microelectronics and
+  Watchmaking Industries> said it has acquired International time
+  corp from privately-held Timex corp for undisclosed terms.
+      International Time is exclusive distributor of Swiss Corp's
+  Tissot watches in the U.S.
+  
+
diff --git a/reuters/training/5876 b/reuters/training/5876
new file mode 100644
index 0000000000000000000000000000000000000000..bb634ccd01e9fd2ab486857eb055378fceb34858
--- /dev/null
+++ b/reuters/training/5876
@@ -0,0 +1,8 @@
+<WAVEHILL INTERNATIONAL INC> MAKES PURCHSE
+  Wavehill International Ventures Inc
+  said it has completed the previously-announced acquisition of
+  Personal Computer Rental corp for 500,000 restricted common
+  shares, giving former shareholders of Personal Computer a 25
+  pct interest in the combined company.
+  
+
diff --git a/reuters/training/5879 b/reuters/training/5879
new file mode 100644
index 0000000000000000000000000000000000000000..94f8a3a9491e218a3b7cccf92e5ba523964fab94
--- /dev/null
+++ b/reuters/training/5879
@@ -0,0 +1,57 @@
+ECONOMISTS SEE SLUGGISH JAPANESE ECONOMY AHEAD
+  The Japanese economy will remain sluggish
+  in the months ahead after turning in its worst performance for
+  12 years in 1986, private economists said.
+      Consumer spending, a main driving force of domestic demand,
+  was likely to remain lacklustre although brisk housing and
+  business investment would help sustain the economy this year,
+  the economists said.
+      They said they were shocked by an Economic Planning Agency
+  report today that private spending fell 0.7 pct in the Oct/Dec
+  quarter for the first time in 12 years.
+      The report said Japan's gross national product rose a real
+  0.8 pct in Oct/Dec after a revised 0.7 pct increase in the
+  previous quarter.
+      It said GNP growth for 1986 was a real 2.5 pct, down from
+  4.7 pct in 1985. Agency officials said this was the worst
+  performance since 1974 when GNP contracted 1.4 pct in the wake
+  of the first oil crisis.
+      They expressed concern about the 0.7 pct decline in
+  consumer spending in the final quarter of 1986 but said it was
+  only temporary as exceptionally warm winter weather had
+  depressed retail sales.
+      But most private economists disagreed and said consumers
+  were likely to remain pessimistic in coming months as they saw
+  their real income level off.
+      "Sure, consumers may have spent less on winter clothes or
+  heating apparatus because of the warm winter this year, but
+  they have done so because they have become even more uneasy
+  about their future pay rises," said Shoji Saito, general manager
+  of Mitsui Bank's economic research division.
+      He said the outlook for pay increases was gloomy because of
+   falling employment in many industries, particularly those hit
+  hard by the yen's rise.
+      Masao Suzaki, senior economist at the Bank of Tokyo, said
+  weakened consumer confidence was the most worrying factor.
+  Without brisk consumer spending, Japan can hardly achieve
+  domestically generated economic growth as the government has
+  put a lid on fiscal measures, he said.
+      Other economists said the 0.8 pct growth registered in
+  Oct/Dec may have been inflated by special factors, including
+  exceptionally heavy spending in the public sector. Johsen
+  Takahashi, chief economist at Mitsubishi Research Institute,
+  said the 14.4 pct increase in public sector spending in Oct/Dec
+  resulted from an issue of gold coins.
+      "This is just a one-shot spending and we can't expect that
+  high level of public-sector consumption in the following
+  quarter," Takahashi said. Agency officials said public spending
+  would have risen 1.1 pct in Oct/Dec without the issue, which
+  marked 60 years of Emperor Hirohito's reign.
+      Takahashi said the economy might contract in the current
+  quarter given the lack of additional significant government
+  spending and sluggish consumer spending.
+      Saito said the most effective government action would be
+  income tax cuts and the postponement beyond next January of a
+  proposed controversial sales tax.
+  
+
diff --git a/reuters/training/5880 b/reuters/training/5880
new file mode 100644
index 0000000000000000000000000000000000000000..1e48e7241709f9d5b0a1db6e06c185c14c9772b1
--- /dev/null
+++ b/reuters/training/5880
@@ -0,0 +1,11 @@
+COCOA WORKING GROUP MEETING DELAYED
+  The International Cocoa Organization
+  (ICCO) buffer stock working group meeting set for 1130 GMT
+  today was rescheduled for 1430, ICCO delegates said.
+      The meeting was delayed so a draft compromise proposal on
+  buffer stock rules could be completed, they said.
+      ICCO Executive Director Kobena Erbynn was preparing the
+  plan in consultation with other delegates for presentation to
+  the full working group, they added.
+  
+
diff --git a/reuters/training/5883 b/reuters/training/5883
new file mode 100644
index 0000000000000000000000000000000000000000..05289f28df91588838b0367499f00c2cc4ad1b30
--- /dev/null
+++ b/reuters/training/5883
@@ -0,0 +1,5 @@
+U.S. FEB HOUSING STARTS ROSE 2.6 PCT TO 1.851 MLN, PERMITS ROSE 4.4 PCT TO 1.764 MLN
+
+  U.S. FEB HOUSING STARTS ROSE 2.6 PCT TO 1.851 MLN, PERMITS ROSE 4.4 PCT TO 1.764 MLN
+  
+
diff --git a/reuters/training/5886 b/reuters/training/5886
new file mode 100644
index 0000000000000000000000000000000000000000..c16728280eb3780d12b188a0f736102ae4b849ef
--- /dev/null
+++ b/reuters/training/5886
@@ -0,0 +1,24 @@
+U.S. HOUSING STARTS ROSE 2.6 PCT IN FEBRUARY
+  U.S. housing starts rose 2.6 pct in
+  February to a seasonally adjusted annual rate of 1,851,000
+  units, the Commerce Department said.
+      In January, housing starts fell a revised 0.5 pct to
+  1,804,000 units. The department previously said they fell 0.1
+  pct.
+      The rate at which permits were issued for future
+  construction rose in February by 4.4 pct to a seasonally
+  adjusted 1,764,000 units after falling 11.52 pct to 1,690,000
+  units in January.
+      Permits for single-family houses fell in January by 6.6 pct
+  to 1,091,000.
+      The number of permits for multi-family houses fell in
+  February by 11.7 pct to 529,000 units after falling in January
+  by 19.3 pct, the department said.
+      Housing starts in February included a seasonally adjusted
+  5.6 pct rise in single family units to 1,317,000 units and a
+  4.1 pct fall in multi-family homes to 534,000 units.
+      The seasonally adjusted permits total in February for
+  single family units was 1,235,000 and for multi-family units
+  was 529,000 units.
+  
+
diff --git a/reuters/training/5887 b/reuters/training/5887
new file mode 100644
index 0000000000000000000000000000000000000000..215b0f9a0a58f673556eb10e1a58cca899dfb605
--- /dev/null
+++ b/reuters/training/5887
@@ -0,0 +1,36 @@
+SOUTH AMERICAN FISH MEAL PRODUCTION AT RECORD HIGH
+  Production of fish meal by the three
+  South American producers -- Chile, Peru and Equador -- last
+  year reached 2.5 mln tonnes, equalling the record output of
+  1970, the International Association of Fish Meal Manufacturers
+  (IAFMM) said.
+      However, IAFMM said in a statement that it expected Chilean
+  and Peruvian fish meal production in the first quarter of 1987
+  to be much lower than the 651,000 tonnes produced in the last
+  quarter of 1986, due to a ban on sardine fishing in Chile for
+  the month of February and to adverse fishing conditions in Peru
+  in the same month.
+      The statement added that, due to technical market promotion
+  and energetic sales by Chile and Peru, the stock position at
+  the end of the year remained reasonable.
+      Fish meal production outside South America decreased
+  slightly, falling from 114,400 to 111,100 tonnes.
+      The IAFMM said fish meal consumption in 1986 rose in West
+  Germany, Scandinavian countries, Eastern Europe and the Far
+  East, but fell in the U.S. And remained static in the U.K.
+      It added that fish meal consumption had suffered from
+  competition with feed grade tallow in the U.S. And with skimmed
+  milk powder in the U.K.
+      IAFMM figures for fish oil production in the main producing
+  nations, in thousands of tonnes, were -
+                      Oct/Dec            Jan/Dec
+                   1986    1985       1986     1985
+   CHILE             22       8        109       76
+   PERU              56      28        238      104
+   NORWAY            14      14         97      130
+   ICELAND           44      52        102      118
+   DENMARK           20      18         88       77
+   U.S.              10       8        152      129
+   JAPAN             67      91        213      249
+  
+
diff --git a/reuters/training/5888 b/reuters/training/5888
new file mode 100644
index 0000000000000000000000000000000000000000..39bc613c2100d754f9bbb3d002dbbe626e096632
--- /dev/null
+++ b/reuters/training/5888
@@ -0,0 +1,65 @@
+TALKING POINT/COPPER STOCKS
+  Copper shares, which have lagged
+  behind the market, should pick up steam this year on stronger
+  demand and improving prices for the metal, analysts said.
+      "Copper prices should move up over the next four to six
+  quarters," said Daniel Roling of Merrill Lynch and Co <MER>. "I
+  see average copper prices at 70 cts a pound in 1988, up from
+  around 63 or 64 cts, based on tight supply and continued world
+  economic growth."
+      Other analysts see metal prices ranging from 65 to 68 cts a
+  pound this year and 70 to 73 cts in 1988.
+      Analysts said Phelps Dodge Corp <PD> will be a strong
+  performer because it is the largest U.S. copper producer.
+      But Asarco Inc <AR>, with about 45 pct of total sales from
+  copper, and Newmont Mining Corp <NEM> are also potential
+  winners, they said. Newmont is spinning off 85 pct of its
+  copper operations to its shareholders.
+      "In theory, Phelps is the best stock. It's the purest play
+  and benefits most from higher copper prices," one said.
+      William Siedenburg of Smith Barney Harris Upham and Co,
+  said Phelps has lowered costs and streamlined mining
+  operations. "They've accomplished a great deal," he said.
+      The company's move into carbon black, a product used in
+  tires, should provide steady earnings, although not rapid
+  growth, as a hedge against a copper downturn, Siedenburg said.
+  He estimates Phelps will earn 2.45 dlrs in 1987 and 4.45 dlrs
+  in 1988, including tax benefits, versus 1.79 dlrs in 1986.
+      Other analysts, including Clarence Morrison of Dean Witter
+  Reynolds Inc and Merrill's Roling, also recommend Phelps.
+      Morrison projects Phelps will earn 3.25 dlrs in 1987 and
+  four dlrs in 1988, while Roling sees earnings at 2.75 dlrs this
+  year and around 3.50 dlrs next year.
+      "The stock can go to the mid 30s," Roling said, from its
+  current level of around 30. But others see it climbing to 40.
+      "Their (Phelps Dodge) costs are so low, they don't need
+  copper prices higher than 70 cts to make a lot of money," said
+  Vahid Fathi of Prescott Ball and Turben Inc. "The shares will
+  outperform the market over the next 18 months," he said.
+      But Nick Toufexis of Prudential-Bache Securities Inc says
+  Newmont Mining is a more attractive investment. "We'd rather
+  place our bets with Newmont. Any way you slice it, I see a
+  significant premium to the current stock price," he said.
+      After the spinoff, which closes next month, Newmont will
+  have gold operations, including 95 pct of Newmont Gold Co
+  <NGC>, a 15 pct stake in its copper unit and energy operations,
+  Toufexis noted.
+      Analysts see Newmont earning 2.85 dlrs to three dlrs in
+  1987 and about 3.75 dlrs in 1988, versus earnings of about 1.40
+  dlrs from operations in 1986.
+      "I'd be buying up to 90," Toufexis said last week, when the
+  stock rose sharply to near that level. "But the shares are
+  probably worth about 108 dlrs (each)."
+      Dean Witter's Morrison and Fathi of Prescott Ball like
+  Asarco, because of cost cutting and restructuring. Morrison
+  sees 1987 earnings at 1.25 dlrs and 1988 at 1.75 against losses
+  in 1986. Fathi projects Asarco will earn one dlr in 1987 and
+  from three dlrs to 3.25 dlrs in 1988.
+      Roling of Merrill Lynch is recommending Cyprus Minerals Co
+  <CYPM> in addition to Phelps Dodge. Cyprus has interests in
+  coal and other minerals aside from copper.
+      But Siedenburg of Smith Barney thinks Cyprus is overpriced
+  at current levels. "I would be willing to sell Cyprus and buy
+  Phelps Dodge if I were picking one copper stock," he said.
+  
+
diff --git a/reuters/training/5889 b/reuters/training/5889
new file mode 100644
index 0000000000000000000000000000000000000000..6fac64b2c9981068630f07d07e645f05dc4fa93c
--- /dev/null
+++ b/reuters/training/5889
@@ -0,0 +1,14 @@
+KOHLBERG KRAVIS HAS 96 PCT OWENS-ILLINOIS <OI>
+  OII Holdings Corp, a company formed by
+  Kohlberg Kravis Roberts and Co, said it received and purchased
+  about 58.3 mln shares or 96 pct of Owens-Illinois Inc common
+  stock and 50,275 of 4.75 dlr cumulative convertible preference
+  shares of Owens, or about 83 pct.
+      The company said its tender offer for all common and
+  preference shares expired last night. It said Owens-Illinois
+  will be merged into a subsidiary of OII Holdings on March 24.
+  Common shares not bought in the offer will be converted into
+  the right to receive 60.50 dlrs per share in cash, the tender
+  price.  The preference stock has been called.
+  
+
diff --git a/reuters/training/5894 b/reuters/training/5894
new file mode 100644
index 0000000000000000000000000000000000000000..440a314bcc6b75b502d497768f834f9a16cf073e
--- /dev/null
+++ b/reuters/training/5894
@@ -0,0 +1,14 @@
+MACGREGOR SPORTING GOODS INC <MGS>2ND QTR JAN 31
+  Shr one cent vs nine cts
+      Net 51,057 vs 554,878
+      Sales 24.5 mln vs 21.3 mln
+      First half
+      Shr 15 cts vs five cts
+      Net 1,026,479 vs 313,676
+      Sales 48.4 mln vs 37.4 mln
+      NOTE: Net includes gains of 28,000 dlrs, or one cent a
+  share, vs 61,000 dlrs, or seven cts a share, in quarter and
+  453,000 dlrs, or seven cts a share, vs 61,000 dlrs, or one cent
+  a share, in half from tax loss carryforward
+  
+
diff --git a/reuters/training/5895 b/reuters/training/5895
new file mode 100644
index 0000000000000000000000000000000000000000..b691066706a8535379165d91ba1f83517c000f0d
--- /dev/null
+++ b/reuters/training/5895
@@ -0,0 +1,43 @@
+EC WARNS U.S. AND JAPAN ON TRADE TENSIONS
+  The European Community (EC) yesterday
+  warned Japan and the United States, its main trading partners,
+  that friction over trade issues is affecting the EC's relations
+  with both countries.
+      EC foreign ministers issued a statement deploring Japan's
+  continued trade imbalance and appealed for the country to make
+  a greater effort to open up its markets. They also said they
+  were disturbed by a draft bill before the U.S. Congress that
+  would impose permanent quotas on textile imports and were
+  prepared to react. The U.S. Administration has already
+  distanced itself from the bill.
+      EC External Trade Commissioner Willy De Clercq has written
+  to his U.S. Counterpart, Trade Representative Clayton Yeutter,
+  outlining the EC's concerns.
+      The statement said ministers were very disturbed by U.S.
+  Moves towards protectionism. "The adoption of such measures
+  would not fail to have a negative effect on the process of
+  multilateral negotiations just started, as well as on bilateral
+  relations," it said.
+      Any unilateral U.S. Moves would leave the EC no option but
+  to react according to the laws of the General Agreement on
+  Tariffs and Trade, it said.
+      In a separate statement on Japan, the EC ministers said
+  they "deplore the continued aggravation of the imbalance in
+  trade (and) expect Japan to open up its market more."
+      The statement said the EC would continue to insist that
+  Japan boost imports and stimulate domestic demand.
+      Ministers also called on the EC Commission to prepare a
+  report on U.S.-Japanese trade for July this year to enable them
+  to take appropriate action where necessary.
+      One diplomat said the call for a report showed ministers
+  were determined not to let the Japanese question drop. "It will
+  be back on the table again and again," the diplomat said.
+      De Clercq, talking to journalists during the meeting, said,
+  "There is a certain nervousness, a growing impatience within the
+  Community concerning trade relations with Japan."
+      But diplomats said the EC is keen to negotiate with Tokyo
+  to solve the problem rather than embark on a costly and
+  damaging trade war, and the ministers called for more
+  cooperation with Japan in industry and research.
+  
+
diff --git a/reuters/training/5896 b/reuters/training/5896
new file mode 100644
index 0000000000000000000000000000000000000000..c94761a9e2a66319b93362147f25e1d0e4e14c52
--- /dev/null
+++ b/reuters/training/5896
@@ -0,0 +1,41 @@
+RENEWED BULL SPREADING LIKELY ON CATTLE REPORT
+  Livestock analysts expect renewed bull
+  spreading in live cattle futures following yesterday's USDA
+  7-state cattle on feed report.
+      The USDA reported high placements in February, which may
+  weigh on back months of cattle futures. Meanwhile, continued
+  strong marketings during the month will support the April
+  contract.
+      Contracts for June delivery forward could open 25 to 50
+  cents lower while April will likely open about steady, analysts
+  said.
+      Cheap corn is still the main incentive for putting cattle
+  on feed, according to Smith Barney livestock analyst Tom
+  O'Hare. "They have no place to send the grain," he said.
+      Strong daily fundamentals may add to nearby support while
+  the current discount of deferred months to the cash market may
+  offset much of the effect of the report, analysts said.
+      "The cash market is strong and may overshadow the report,"
+  said Robin Fuller, analyst for Agri Analysis. She added that
+  even though placements came in above the average trade guess,
+  many traders had expected high placements.
+      Placements are not that negative, especially since the
+  technical correction in June and August live cattle futures
+  since last week, GH Miller analyst Jerry Gidel said.
+      He said the current marketing posture will provide added
+  support to the nearby month. Feedlot marketings have been
+  running at a heavier than expected pace.
+      Chuck Levitt, analyst for Shearson Lehman said that with
+  the number of cattle on feed down five pct at the beginning of
+  the year, a three pct decline in marketings was expected. But
+  the report for January showed marketings at 101 pct of a year
+  ago and in February marketings were at 100 pct, Levitt noted.
+      "So far we haven't seen any decline in marketings. They
+  (feedlot operators) are marketing more cattle than they had
+  intended for the first quarter, which is a bullish
+  development," Levitt said.
+      Gidel also noted that marketings for the early part of
+  March are running ahead of a year ago. Feedlots are not falling
+  behind and are holding that 100 pct marketing pace.
+  
+
diff --git a/reuters/training/5898 b/reuters/training/5898
new file mode 100644
index 0000000000000000000000000000000000000000..ba9741366bf01640eebf964e6fe67118e9e58c8e
--- /dev/null
+++ b/reuters/training/5898
@@ -0,0 +1,12 @@
+MICROBILT CORP <BILT> 4TH QTR JAN 31 NET
+  Shr 15 cts vs 14 cts
+      Net 614,000 vs 449,000
+      Revs 4,186,000 vs 4,124,000
+      Avg shrs 4,131,000 vs 3,321,000
+      Year
+      Shr 47 cts vs 42 cts
+      Net 1,768,000 vs 1,394,000
+      Revs 15.0 mln vs 12.5 mln
+      Avg shrs 3,799,000 vs 3,324,000
+  
+
diff --git a/reuters/training/5899 b/reuters/training/5899
new file mode 100644
index 0000000000000000000000000000000000000000..a365a38017aa65f01ddee659329092b4f110e0fe
--- /dev/null
+++ b/reuters/training/5899
@@ -0,0 +1,19 @@
+SHAMROCK HOLDINGS UNIT AQUIRES SOFTWARE COMPANY
+  <Shamrock Holdings Inc> said
+  its subsidiary, Shamrock Holdings of California, acquired
+  controlling interest in <DBMS Inc> through the purchase of
+  575,000 shares of its preferred stock.
+      The company said the stock was purchased for an undisclosed
+  amount from an unnamed group of investors.
+      Shamrock said Raymond Nawara, a former executive vice
+  president of DBMS, a privately-held software company, also
+  granted it options and voting rights on a major portion of his
+  shares of common stock.
+     
+      The combination of preferred and common stock holdings
+  permit Shamrock and Nawara to exercise voting control over
+  approximately 53 pct of the shares of the company.
+      Shamrock also said Nawara has been elected president of
+  DBMS and one of its directors.
+  
+
diff --git a/reuters/training/59 b/reuters/training/59
new file mode 100644
index 0000000000000000000000000000000000000000..808b5cffc6020a59bcde5d11d1c4414c2b3ae276
--- /dev/null
+++ b/reuters/training/59
@@ -0,0 +1,29 @@
+GULF BARGE FREIGHT RATES UP FURTHER ON CALL
+  Gulf barge freight rates firmed again on
+  the outlook for steady vessel loadings at the Gulf, increasing
+  the demand for barges to supply those ships, dealers said.
+      No barges traded today on the St Louis Merchants' Exchange
+  call session, versus 29 yesterday.
+      Quotes included -
+   - Delivery this week on the Illinois River (Joliet) 135 pct of
+  tariff bid/140 offered, with next week same river (ex Chicago)
+  quoted the same - both up 2-1/2 percentage points.
+   - Next week Mississippi River (St Louis) 120 pct bid/127-1/2
+  offered - up five points.
+   - Next week Ohio River (Owensboro/south) 125 pct bid/132-1/2
+  offered - up 7-1/2 points.
+   - On station Illinois River (south Chicago) 135 pct bid/140
+  offered - no comparison.
+   - March Illinois (ex Chicago) 132-1/2 pct bid/140 offered - up
+  2-1/2 points.
+   - March Ohio River bid at yesterday's traded level of 125 pct,
+  offered at 132-1/2.
+   - March lower Mississippi River (Memphis/Cairo) 112-1/2 pct
+  bid/120 offered - no comparison.
+   - May Illinois River (ex Chicago) 100 pct bid/107-1/2 offered
+  - no comparison.
+   - Sept/Nov Lower Mississippi River (Memphis/Cairo) 137-1/2 pct
+  bid/145 offered, with Sept/Dec same section 125 pct bid/135
+  offered - no comparison.
+  
+
diff --git a/reuters/training/5900 b/reuters/training/5900
new file mode 100644
index 0000000000000000000000000000000000000000..8fde0aa8675f342fb390c3740be0af0f98501e93
--- /dev/null
+++ b/reuters/training/5900
@@ -0,0 +1,13 @@
+CREDIT AGRICOLE REPLACES BNP IN HACHETTE TV BID
+  French state agricultural bank <Caisse
+  Nationale du Credit Agricole> has joined the group led by
+  publishing house <Hachette> which is bidding for control of the
+  state television station TF1, replacing <Banque Nationale de
+  Paris> which has withdrawn, Hachette said in a statement.
+      Credit Agricole's stake in the consortium will be 3.5 pct.
+      Last week the broadcasting supervisory board asked Hachette
+  to remove BNP from the consortium because the bank had acted as
+  adviser to the government for the imminent privatisation of
+  TF1.
+  
+
diff --git a/reuters/training/5901 b/reuters/training/5901
new file mode 100644
index 0000000000000000000000000000000000000000..b949e0a11030d3c258d54b0d77b7360df4c33974
--- /dev/null
+++ b/reuters/training/5901
@@ -0,0 +1,9 @@
+PAYLESS CASHWAYS INC <PCI> 1ST QTR FEB 28 NET
+  Shr 10 cts vs seven cts
+      Net 3,501,000 vs 2,420,000
+      Sales 332.7 mln vs 274.9 mln
+      Qtly div four cts vs four cts prior
+      Pay April Six
+      Record March Six
+  
+
diff --git a/reuters/training/5902 b/reuters/training/5902
new file mode 100644
index 0000000000000000000000000000000000000000..d48bf26e843f7bf5e6145ce750d5f27ea0bd33ad
--- /dev/null
+++ b/reuters/training/5902
@@ -0,0 +1,17 @@
+FRANCE APPROVES WATERMAN ACQUISITION BY GILLETTE
+  Gillette Co <GS> exercised an option to
+  take a 51.2 pct stake in the French pen firm Waterman which it
+  had previously been authorised to do by the French government,
+  the French stockbrokers' association (CSAC) said.
+      Gillette has given an undertaking to intervene on the
+  Bourse until April 7 to prevent Waterman shares from falling
+  below 650 francs, it added.
+      This compares with yesterday's rate of 625 francs.
+      Under the agreement concluded last November between
+  Waterman owners Francine and Grace Le Foyer-Gomez and Alice
+  Lundgren and the Gillette group, Gillette agreed to acquire
+  51.2 pct of the capital of Waterman at 700 francs a share.
+      Gillette is buying a total 180,000 shares, valuing the deal
+  at 126 mln francs.
+  
+
diff --git a/reuters/training/5905 b/reuters/training/5905
new file mode 100644
index 0000000000000000000000000000000000000000..9081a2090ebd0b134183acb09b4cb68bd9131b96
--- /dev/null
+++ b/reuters/training/5905
@@ -0,0 +1,6 @@
+U.K. MONEY MARKET SHORTAGE FORECAST REVISED DOWN
+  The Bank of England said it had revised
+  its forecast of the shortage in the money market today down to
+  400 mln stg from 450 mln stg.
+  
+
diff --git a/reuters/training/5906 b/reuters/training/5906
new file mode 100644
index 0000000000000000000000000000000000000000..bdb3071827d826d0ae0044204b5828c06f587050
--- /dev/null
+++ b/reuters/training/5906
@@ -0,0 +1,6 @@
+NOEL INDUSTRIES INC <NOL> 1ST QTR JAN 31 LOSS
+  Shr loss 26 cts vs loss 12 cts
+      Net loss 289,649 vs loss 138,372
+      Revs 5,944,286 vs 5,902,074
+  
+
diff --git a/reuters/training/5908 b/reuters/training/5908
new file mode 100644
index 0000000000000000000000000000000000000000..8f5a2a155663136c5c03a2a323bcf479af42375d
--- /dev/null
+++ b/reuters/training/5908
@@ -0,0 +1,17 @@
+JAPAN ALERTS GATT TO SOUTH KOREA IMPORT PLAN
+  Japan told the General Agreement on
+  Tariffs and Trade that South Korea's five-year import
+  diversification plan violated the spirit of the world trade
+  governing body, a Foreign Ministry spokesman said.
+      The notification came in Japan's answer to a recent GATT
+  questionnaire on unfair trade practices, the spokesman said.
+      In the five-year plan, which starts this year, South Korea
+  aims to reduce its dependency on Japan as a source of imported
+  goods and to increase imports from the U.S. And Europe.
+      Japan's move came after several unsuccessful bilateral
+  negotiations on the plan, the spokesman said. "The notification
+  does not represent anything resembling a formal complaint, nor
+  is it intended to pressure South Korea. It is a routine
+  procedure followed by all other GATT member states."
+  
+
diff --git a/reuters/training/5909 b/reuters/training/5909
new file mode 100644
index 0000000000000000000000000000000000000000..a5b037a78e7891af5136498ed7da262c4b4cf39e
--- /dev/null
+++ b/reuters/training/5909
@@ -0,0 +1,11 @@
+U.K. MONEY MARKET RECEIVES 16 MLN STG ASSISTANCE
+  The Bank of England said it had provided
+  the money market with 16 mln stg help in the afternoon session.
+      The Bank did not operate in the market in the morning and
+  earlier revised its estimate of the shortage in the system
+  today down to 400 mln stg from 450 mln.
+      The central bank purchased bills outright in band one at
+  10-3/8 pct comprising two mln stg of local authority bills and
+  14 mln stg of bank bills.
+  
+
diff --git a/reuters/training/5910 b/reuters/training/5910
new file mode 100644
index 0000000000000000000000000000000000000000..5b2c1aa6f48246f11c5eed0bd698c9105abd3473
--- /dev/null
+++ b/reuters/training/5910
@@ -0,0 +1,14 @@
+ATICO FINANCIAL <ATFC> TO MAKE ACQUISITION
+  Atico Financial Corp said it has executed
+  a definitive agreement to acquire 93.5 pct of Intercontinental
+  Bank of Dade County, Fla., from Intercontinental Bank Holding
+  Co for an undisclosed amount of cash and common stock.
+      It said closing is subject to regulatory approval.
+      Atico said in connection with the acquisition it will apply
+  to become a registered bank holding company and convert its 99
+  npct owned Atico Savings Bank subsidiary to a state-chartered
+  commercial bank.
+      Intercontinental had year-end assets of about 487 mln dlrs.
+      Atico had year-end assets of about 534 mln dlrs.
+  
+
diff --git a/reuters/training/5911 b/reuters/training/5911
new file mode 100644
index 0000000000000000000000000000000000000000..6f3e508a57ff96a0d49d150189e14b155c2fde69
--- /dev/null
+++ b/reuters/training/5911
@@ -0,0 +1,11 @@
+CLOTHESTIME INC <CTME> 4TH QTR NET
+  Shr 12 cts vs 10 cts
+      Net 1,683,000 vs 1,407,000
+      Revs 42.2 mln vs 28.8 mln
+      12 mths
+      Shr 83 cts vs 70 cts
+      Net 11.9 mln vs 10.0 mln
+      Revs 160.3 mln vs 126.5 mln
+      NOTE: prior qtr and yr ended Jan 26.
+  
+
diff --git a/reuters/training/5912 b/reuters/training/5912
new file mode 100644
index 0000000000000000000000000000000000000000..afd3d5c5af4b9b533a3780af769cf54bca3ba3b8
--- /dev/null
+++ b/reuters/training/5912
@@ -0,0 +1,7 @@
+CHARTER-CRELLIN INC <CRTR> YEAR NET
+  Shr 1.40 dlrs vs 1.38 dlrs
+      Net 1,928,800 vs 1,485,600
+      Sales 35.2 mln vs 33.5 mln
+      Avg shrs 1,350,800 vs one mln
+  
+
diff --git a/reuters/training/5913 b/reuters/training/5913
new file mode 100644
index 0000000000000000000000000000000000000000..15438fc4454b8eadb44d75522b8664aef642ddad
--- /dev/null
+++ b/reuters/training/5913
@@ -0,0 +1,6 @@
+<SENSORMATIC CANADA LTD> YEAR NET
+  Shr 26 cts vs 18 cts
+      Net 879,000 vs 615,000
+      Revs 6,394,000 vs 5,561,000
+  
+
diff --git a/reuters/training/5914 b/reuters/training/5914
new file mode 100644
index 0000000000000000000000000000000000000000..80f547802819cc8cf35ae4519eab1b2f6472c8a6
--- /dev/null
+++ b/reuters/training/5914
@@ -0,0 +1,6 @@
+DIME SAVINGS BANK OF WALLINGFORD <DIBK> PAYOUT
+  Qtly div 10 cts vs 10 cts prior
+      Pay April 30
+      Record April Three
+  
+
diff --git a/reuters/training/5915 b/reuters/training/5915
new file mode 100644
index 0000000000000000000000000000000000000000..f315213b53a008d86dfbdc4fca13c653d06f4e85
--- /dev/null
+++ b/reuters/training/5915
@@ -0,0 +1,5 @@
+BAKER INTERNATIONAL TO SELL ELECTRIC SUBMERSIBLE OILWELL PUMP UNIT
+
+  BAKER INTERNATIONAL TO SELL ELECTRIC SUBMERSIBLE OILWELL PUMP UNIT
+  
+
diff --git a/reuters/training/5919 b/reuters/training/5919
new file mode 100644
index 0000000000000000000000000000000000000000..a433877e0fee412aad12039f63ca9fce99749df3
--- /dev/null
+++ b/reuters/training/5919
@@ -0,0 +1,16 @@
+BAKER <BKO> TO SELL OILWELL PUMP UNIT
+  Baker International Corp said it has
+  signed a definitive agreement to sell the assets and business
+  of the electric submersible oilwell pump product line in the
+  continental U.S. of its Baker Oil Tools Inc subsidiary to Trico
+  Industries Inc <TRO> for an undisclosed amount of cash and
+  other consideration.
+      The company said the transaction is subject to Hughes Tool
+  Co <HT> and Baker shareholder approval of the Baker/Hughes
+  merger. The U.S. Justice Department has announced that it will
+  require divestiture of the product line for approval of the
+  merger.
+      Baker said the transaction is subject to approval by the
+  Justice Department and the boards of Baker, Hughes and Trico.
+  
+
diff --git a/reuters/training/5922 b/reuters/training/5922
new file mode 100644
index 0000000000000000000000000000000000000000..0cd939e243297e3eec8e84c4df35186fdb0d2c15
--- /dev/null
+++ b/reuters/training/5922
@@ -0,0 +1,6 @@
+<CANADIAN FOREMOST LTD> YEAR NET
+  Shr 38 cts vs 92 cts
+      Net 1,042,000 vs 2,510,000
+      Revs 20.6 mln vs 29.6 mln
+  
+
diff --git a/reuters/training/5925 b/reuters/training/5925
new file mode 100644
index 0000000000000000000000000000000000000000..da951f5b4f95b4c44a628d69658757448ecc6f3e
--- /dev/null
+++ b/reuters/training/5925
@@ -0,0 +1,11 @@
+IMMUNOGENETICS INC <IGEN> YEAR NET
+  Oper shr profit eight cts vs loss eight cts
+      Oper net profit 604,996 vs loss 615,345
+      Sales 18.4 mln vs 17.8 mln
+      NOTE: Net excludes losses from discontinued operations of
+  156,098 dlrs vs 732,924 dlrs.
+      1986 net excludes tax credits of 271,538 dlrs.
+      1985 net includes gain 480,0009 dlrs from reversl of
+  recapture taxes.
+  
+
diff --git a/reuters/training/5926 b/reuters/training/5926
new file mode 100644
index 0000000000000000000000000000000000000000..87b676c40af4bb64029a648ad972d5dc850b0567
--- /dev/null
+++ b/reuters/training/5926
@@ -0,0 +1,6 @@
+<SCURRY-RAINBOW OIL LTD> 1ST QTR DEC 31 NET
+  Shr 31 cts vs 53 cts
+      Net 4.2 mln vs 7.1 mln
+      Revs 16.1 mln vs 27.2 mln
+  
+
diff --git a/reuters/training/5930 b/reuters/training/5930
new file mode 100644
index 0000000000000000000000000000000000000000..3bebf4d0bd186fb85a9babb5d75df87f97d85fed
--- /dev/null
+++ b/reuters/training/5930
@@ -0,0 +1,10 @@
+MCRAE INDUSTRIES INC <MRI.B> 2ND QTR JAN 31 NET
+  Shr 19 cts vs three cts
+      Net 515,000 vs 87,000
+      Revs 6,830,000 vs 4,107,000
+      Six mths
+      Shr 36 cts vs 12 cts
+      Net 955,000 vs 327,000
+      Revs 14.2 mln vs 9,755,000
+  
+
diff --git a/reuters/training/5931 b/reuters/training/5931
new file mode 100644
index 0000000000000000000000000000000000000000..444ddb9b4b489da4612fd45db90327ea0a34fb16
--- /dev/null
+++ b/reuters/training/5931
@@ -0,0 +1,14 @@
+<FRONTIER TEXAS CORP> 2ND QTR NOV 30 NET
+  Oper shr profit one ct vs loss four cts
+      Oper net profit 104,386 vs loss 196,265
+      Revs 8,174,652 vs 2,309,979
+      Avg shrs 6,285,714 vs 5,500,000
+      1st half
+      Oper shr profit nil vs loss eight cts
+      Oper net profit 26,541 vs loss 419,758
+      Revs 12.0 mln vs 5,088,134
+      Avg shrs 5,836,735 vs 5,500,000
+      NOTE: Current year net both periods excludes tax credit of
+  107,370 dlrs.
+  
+
diff --git a/reuters/training/5932 b/reuters/training/5932
new file mode 100644
index 0000000000000000000000000000000000000000..32fa1886b324be3370b4775ec668e70f549ea76c
--- /dev/null
+++ b/reuters/training/5932
@@ -0,0 +1,10 @@
+<VICEROY RESOURCE CORP> DETAILS GOLD ASSAYS
+  Viceroy Resource
+  Corp said recent drilling on the Lesley Ann deposit extended
+  the high-grade mineralization over a width of 600 feet.
+      Assays ranged from 0.35 ounces of gold per ton over a
+  150-foot interval at a depth of 350 to 500 feet to 1.1 ounces
+  of gold per ton over a 65-foot interval at a depth of 200 to
+  410 feet.
+  
+
diff --git a/reuters/training/5933 b/reuters/training/5933
new file mode 100644
index 0000000000000000000000000000000000000000..8f2593b034933188060fc8d90ba124bb71e2d6fc
--- /dev/null
+++ b/reuters/training/5933
@@ -0,0 +1,8 @@
+TAIWAN TO TENDER FOR 450,000 TONNES U.S. CORN
+  Taiwan is scheduled to tender tonight
+  for 450,000 to 475,000 tonnes U.S. corn, export sources said.
+      The tender calls for 11 cargoes for delivery from April
+  through October with early shipments FOB or Pacific Northwest,
+  they said.
+  
+
diff --git a/reuters/training/5934 b/reuters/training/5934
new file mode 100644
index 0000000000000000000000000000000000000000..c1e7fb5481d5433fdc63d5b24361e4a4fdc63166
--- /dev/null
+++ b/reuters/training/5934
@@ -0,0 +1,13 @@
+CLABIR <CLG> UNIT AGRES TO BUY POPSICLE CANADA
+  Clabir Corp said its 86 pct
+  owned affiliate, Ambrit Inc <ABI>, has agreed to acquire the
+  Popsicle Industries division of <Sara Lee Corp of Canada Ltd>
+  for about 37 mln Canadian dlrs in cash.
+      Clabir said the purchase from the Sara Lee Corp <SLE>
+  subsidiary is worht about 28 mln U.S. dlrs.
+      The agreement is subject to Canadian regulatory approval.
+      Popsicle Canada, through its 19 licensees, is the largest
+  maker and distributor of frozen novelty products in Canada,
+  Clabir added.
+  
+
diff --git a/reuters/training/5935 b/reuters/training/5935
new file mode 100644
index 0000000000000000000000000000000000000000..1cd1466475ad8fdf1c286d14986a0268bd64bf5c
--- /dev/null
+++ b/reuters/training/5935
@@ -0,0 +1,15 @@
+ST. JUDE MEDICAL <STJM> VOTES DIVIDEND RIGHTS
+  St. Jude Medical Inc said its board
+  declared a special dividend of one right for each outstanding
+  share held of the company's common stock, payable to holders of
+  record April Six.
+      It said each right entitles the holder to buy one-tenth of
+  a share of preferred stock of St. Jude at an exercise price of
+  100 dlrs.
+      St. Jude said the rights may be exercised only after 10
+  days following the acquisition of, or commencement of a tender
+  offer for, at least 20 pct of the company's common stock.
+      The company added that it has no reason to believe St. Jude
+  Medical is a takeover target.
+  
+
diff --git a/reuters/training/5937 b/reuters/training/5937
new file mode 100644
index 0000000000000000000000000000000000000000..f6ccd8e993965bfc1d185e282a238d7d8fddbbd1
--- /dev/null
+++ b/reuters/training/5937
@@ -0,0 +1,8 @@
+ADAMS-RUSSELL ELECTRONICS <AARE> IN PURCHASE
+  Adams-Russell Electronics Co Inc
+  said it has acquired Hermetronics PLC, a maker of hermetic
+  integrated circuit packages, for about 600,000 dlrs. 
+      The company said HErmetronics is expected to have sales of
+  over 800,000 dlrs for the year ending this month.
+  
+
diff --git a/reuters/training/5938 b/reuters/training/5938
new file mode 100644
index 0000000000000000000000000000000000000000..2a745c4ae7f18bbff6c0f43d9b473a9258d501fc
--- /dev/null
+++ b/reuters/training/5938
@@ -0,0 +1,9 @@
+MESA LIMITED PARTNERSHIP <MLP> SETS PAYOUT
+  Qtly div 50 cts vs 50 cts prior
+      Pay May 15
+      Record April Seven
+      NOTE: Partnership said holders of common and preference
+  units for all of 1987 are expected to have no net taxable
+  income.   
+  
+
diff --git a/reuters/training/5939 b/reuters/training/5939
new file mode 100644
index 0000000000000000000000000000000000000000..1a588312ac1e4f677bfaa02b56fb451e2f46c303
--- /dev/null
+++ b/reuters/training/5939
@@ -0,0 +1,5 @@
+U.S. CURRENT ACCOUNT DEFICIT RECORD 36.84 BILLION DLRS IN 4TH QTR 1986
+
+  U.S. CURRENT ACCOUNT DEFICIT RECORD 36.84 BILLION DLRS IN 4TH QTR 1986
+  
+
diff --git a/reuters/training/5941 b/reuters/training/5941
new file mode 100644
index 0000000000000000000000000000000000000000..937e2dccc44fccd4cbad380c0b61285f9ed1d5ee
--- /dev/null
+++ b/reuters/training/5941
@@ -0,0 +1,66 @@
+U.S. CURRENT ACCOUNT DEFICIT 36.84 BILLION DLRS
+  The U.S. current account deficit
+  widened to a record 36.84 billion dlrs on a balance of payments
+  basis in the October-December fourth quarter of 1986 from a
+  revised 35.29 billion dlrs in the third quarter, the Commerce
+  Department said.
+      Previously, the department said the third-quarter deficit
+  was 36.28 billion dlrs.
+      For the full year 1986, the current account, a broad
+  measure of trade performance, was in deficit a record 140.57
+  billion dlrs after a 117.68 billion dlr deficit in 1985.
+      The department said an increase in the merchandise trade
+  deficit during the fourth quarter to 38.4 billion dlrs from
+  37.1 billion dlrs in the third quarter was the main reason for
+  the worsening deficit.
+      Net service receipts declined to 5.5 billion dlrs in the
+  final quarter from six billion dlrs in the third quarter.
+      The current account includes trade in merchandise and
+  services as well as U.S. financial transactions with the rest
+  of the world.
+      The department said the merchandise trade deficit for all
+  of 1986 grew to 147.7 billion from 124.4 billion dlrs in 1985.
+      Net service receipts were 22.3 billion dlrs in 1986,
+  compared with 21.7 billion dlrs in 1985, the department said.
+      Net unilateral transfers during the fourth quarter last
+  year, covering foreign aid and government pensions, were down
+  to 3.9 billion dlrs from 4.2 billion dlrs in the third quarter
+  because of fewer U.S. government grants to Mideast countries.
+      Liabilities to foreigners reported by U.S. banks rose 35.3
+  billion dlrs between October and December after increasing 30.1
+  billion dlrs in the third quarter.
+      For the full year, these liabilities grew 77.4 billion dlrs
+  after rising by 40.4 billion dlrs in 1985.
+      The department said inflows were boosted in the fourth
+  quarter by international activities of Japanese banks and
+  strong demand within the United States to finance acquisitions.
+      Net foreign sales of U.S. Treasury securities by foreigners
+  were 2.7 billion dlrs in the quarter after purchases of 500 mln
+  dlrs in the third quarter.
+      Net foreign purchases of securities other than U.S.
+  Treasury securities in the fourth quarter were 11.8 billion
+  dlrs, compared with 17.2 billion dlrs in the third quarter.
+      For all 1986, foreign purchases of securities excluding
+  U.S. Treasury securities were a record 70.7 billion dlrs,
+  surpassing the previous record 50.9 billion dlr total in 1985.
+     Claims on foreigners reported by U.S. banks in the fourth
+  quarter rose 29.9 billion dlrs after a 19.3 billion dlr
+  third-quarter increase.
+      U.S. sales of foreign securities rose to 2.7 billion dlrs
+  from 300 mln dlrs in the third quarter because of a sharp
+  selloff of foreign stocks and bonds, the department said.
+      Outflows for U.S. direct investment abroad fell to 5.7
+  billion dlrs from eight billion dlrs in the third quarter.
+      Foreign direct investment in the United States increased
+  14.4 billion dlrs in the fourth quarter, compared with 5.6
+  billion dlrs in the previous quarter, because of stepped-up
+  acquisitions, the department said.
+      Foreign official assets in the United States increased 800
+  mln dlrs between October and December after rising 15.4 billion
+  dlrs in the third quarter.
+      For the full year 1986, foreign official assets grew 33.4
+  billion dlrs after a 1985 decrease of 1.9 billion dlrs as
+  foreign monetary authorities intervened heavily in exchange
+  markets late in the year as the dollar fell, commerce said.
+  
+
diff --git a/reuters/training/5945 b/reuters/training/5945
new file mode 100644
index 0000000000000000000000000000000000000000..93bb3c45b812c25282b02d292f270739c3a7b190
--- /dev/null
+++ b/reuters/training/5945
@@ -0,0 +1,8 @@
+U.K. MONEY MARKET GIVEN 120 MLN STG LATE HELP
+  The Bank of England said it provided the
+  money market with late assistance of around 120 mln stg.
+      This brings the bank's total help today to some 136 mln stg
+  and compares with its forecast of a 400 mln stg shortage in the
+  system.
+  
+
diff --git a/reuters/training/5946 b/reuters/training/5946
new file mode 100644
index 0000000000000000000000000000000000000000..ee91e3c6dfd3c151abf88303667beebbaae2fb1f
--- /dev/null
+++ b/reuters/training/5946
@@ -0,0 +1,12 @@
+MEMORY PROTECTION <MPDI> SEES BOGEN CLOSING
+  Memory Protection Devices Inc said it
+  expects to close the previously announced acquisition of the
+  assets and liabilities of Bogen, a division of <Lear Siegler
+  Inc>, on April one.
+      Memory Protection Devices said it received a senior loan
+  commitment letter as well as the requisite waiver under the New
+  Jersey Environmental Control Reclamation Act, both of which are
+  necessary to complete the acquisition. It declined to provide
+  further details.
+  
+
diff --git a/reuters/training/5947 b/reuters/training/5947
new file mode 100644
index 0000000000000000000000000000000000000000..3d84dd209f0a53c529ae25f452a9496916153597
--- /dev/null
+++ b/reuters/training/5947
@@ -0,0 +1,14 @@
+CANADIAN FOREMOST CONTINUES MACEDON SALE TALKS
+  <Canadian Foremost Ltd>,
+  earlier reporting lower 1986 net profit, said negotiations are
+  continuing concerning the previously announced sale of the
+  company's 49 pct interest in <Macedon Resources Ltd>.
+      If concluded, the sale would be refelected in the company's
+  1987 results, Foremost said without elaborating.
+      It also said lower revenues from the last half of 1986 are
+  expected to continue during 1987, but a strong cash and working
+  capital position will enable Foremost to go on developing
+  traditional and new markets. It earlier said 1986 earnings fell
+  to 1,042,000 dlrs from year-ago 2,510,000 dlrs.
+  
+
diff --git a/reuters/training/5949 b/reuters/training/5949
new file mode 100644
index 0000000000000000000000000000000000000000..a99fe6d93ed6dcef629ce34f129df26b20593a0b
--- /dev/null
+++ b/reuters/training/5949
@@ -0,0 +1,10 @@
+TEXAS INTERNATIONAL <TEI> COMPLETES RESERVE SALE
+  Texas International Co said it
+  has completed the previously-announced 120 mln dlr sale of its
+  domestic oil and natural gas reserves to <Total Compagnie
+  Francaise des Petroles>.
+      It said on closing it used part of the proceeds to retire
+  all 100 mln dlrs of its U.S. bank and U.S. senior debt and the
+  rest will be used for general corporate purposes.
+  
+
diff --git a/reuters/training/5950 b/reuters/training/5950
new file mode 100644
index 0000000000000000000000000000000000000000..9fe9363eb18a4538016b05a1ae8b834e64fd60c4
--- /dev/null
+++ b/reuters/training/5950
@@ -0,0 +1,12 @@
+TRANS WORLD MUSIC CORP <TWMC> 4TH QTR JAN 31 NET
+  Shr 70 cts vs 47 cts
+      Net 4,185,000 vs 2,433,000
+      Sales 52.9 mln vs 35.7 mln
+      Avg shrs 6,000,000 vs 5,200,000
+      Year
+      Shr 1.20 dlrs vs 71 cts
+      Net 6,759,000 vs 3,717,000
+      Sales 130.4 mln vs 85.3 mln
+      Avg shrs 5,622,000 vs 5,200,000
+  
+
diff --git a/reuters/training/5951 b/reuters/training/5951
new file mode 100644
index 0000000000000000000000000000000000000000..494c8fb6b15f1cfd7442826e19411c4ff5e856c9
--- /dev/null
+++ b/reuters/training/5951
@@ -0,0 +1,9 @@
+GRUEN MARKETING <GMC> SEES YEAR NET OFF
+  Gruen Marketing Corp said it
+  expects to report earnings for the year ended January 31 of 60
+  to 65 cts per share on about 7,309,000 average shares, down
+  from 78 cts on 6,545,000 shares a year before.
+      It said sales fell about 10 pct from the year-earlier 104.9
+  mln dlrs.
+  
+
diff --git a/reuters/training/5954 b/reuters/training/5954
new file mode 100644
index 0000000000000000000000000000000000000000..fbeea0f004c5b10781b8e1386db923fb22713f18
--- /dev/null
+++ b/reuters/training/5954
@@ -0,0 +1,27 @@
+DUTCH OFFICIAL WARNS OF MORE TRADE CONFLICTS
+  Already strained relations between
+  the U.S. And the European Community (EC) are likely to get
+  worse before they get better, director general of the Dutch
+  Economics Ministry's foreign affairs division Frans Engering
+  said.
+      Speaking at an American Chamber of Commerce lunch in The
+  Hague, Engering noted the developing history of crises over
+  steel, citrus and pasta, and warned of more to come.
+      "I consider the strident tone of US declarations on Airbus
+  ill-advised, and the EC fats and oils tax proposal a dangerous
+  provocation," he said. "I feel that we shall probably have to
+  deal with quite a few more crises in the foreseeable future."
+      Not only is the US Congress clearly very determined to get
+  the American balance of payments into better shape, but the
+  risks of brinkmanship are all the greater because the EC has
+  its own constraints in meeting outside pressure, Engering
+  noted.
+      "If we ask ourselves whether it is perhaps inevitable that
+  we keep pushing each other to the brink of actual trade war,
+  then I think the answer is probably yes," he said.
+      In order to reduce these tensions, decision-making in the
+  EC must become less self-centred, and the US Administration
+  will have to exercise the authority to convince Congress and
+  pressure groups of the need for accommodation, he added.
+  
+
diff --git a/reuters/training/5955 b/reuters/training/5955
new file mode 100644
index 0000000000000000000000000000000000000000..9c4ca9f5f5852b5ce57911ad023f58abcb58519c
--- /dev/null
+++ b/reuters/training/5955
@@ -0,0 +1,14 @@
+QINTEX AGAIN EXTENDS PRINCEVILLE <PVDC> OFFER
+  <Qintex America Ltd> said its offer
+  for 3.3 mln Princeville Development Corp shares has been
+  extended to March 19 from March 18.
+      As of yesterday, Qintex said, 7,060,197 Princeville shares
+  had been tendered in response to the offer and not withdrawn,
+  down from over 7.2 mln on March 10.
+      Qintex said it is extending the offer to allow Princeville
+  shareholders to assess the sale announced last week of
+  Princeville Airways Inc to Aloha Inc <ALO>, adding a supplement
+  to the Quintex offer further detailing the agreement with Aloha
+  will be distributed later today.
+  
+
diff --git a/reuters/training/5957 b/reuters/training/5957
new file mode 100644
index 0000000000000000000000000000000000000000..2f1107531143de3377274e53fe60ad319377b880
--- /dev/null
+++ b/reuters/training/5957
@@ -0,0 +1,12 @@
+NEGOTIATORS DRAFT DETAILS OF NEXT RUBBER PACT
+  Rubber producers and consumers, who
+  agreed last week on the central elements of a new international
+  natural rubber pact, have started work on the legal drafting of
+  a future accord, delegates said.
+      Compromise on issues blocking an agreement was reached at a
+  United Nations conference on an accord to replace the current
+  pact, which expires in October.
+      The new International Natural Rubber Agreement (INRA) is
+  expected to be formally adopted on Friday.
+  
+
diff --git a/reuters/training/5958 b/reuters/training/5958
new file mode 100644
index 0000000000000000000000000000000000000000..660e9e81660c48f76d9291d6b9a7111ec7c52442
--- /dev/null
+++ b/reuters/training/5958
@@ -0,0 +1,10 @@
+VICEROY RESOURCE CORP DETAILS GOLD ASSAYS
+  Viceroy Resource
+  Corp said recent drilling on the Lesley Ann deposit extended
+  the high-grade mineralization over a width of 600 feet.
+      Assays ranged from about 0.35 ounces of gold per short ton
+  over a 150-foot interval at a depth of 350 to 500 feet to about
+  1.1 ounces of gold per ton over a 65-foot interval at a depth
+  of 200 to 410 feet.
+  
+
diff --git a/reuters/training/5960 b/reuters/training/5960
new file mode 100644
index 0000000000000000000000000000000000000000..58f871fdede20bab5d90ec5f92661ddd28a29f73
--- /dev/null
+++ b/reuters/training/5960
@@ -0,0 +1,6 @@
+FIRST VALLEY CORP <FIVC> REGULAR DIVIDEND
+  Qtly div 21 cts
+      Payable April 15
+      Record March 31
+  
+
diff --git a/reuters/training/5964 b/reuters/training/5964
new file mode 100644
index 0000000000000000000000000000000000000000..4340d0bcd30a897cb169e6201ca833948991b2cb
--- /dev/null
+++ b/reuters/training/5964
@@ -0,0 +1,24 @@
+U.S. TREASURY ANNOUNCES OECD TIED-AID PACT
+  U.S. Treasury Secretary James Baker
+  said an agreement has been reached by members of the
+  Organization for Economic Cooperation and Development (OECD) to
+  control the unfair trade practice of using tied aid to promote
+  trade.
+      He said in a statement the agreement culminates the Reagan
+  administration's effot to negotiate a virtual end to export
+  credit subsidies.
+      The practice of other governments using tied aid or mixed
+  credits to promote exports has cost the United States lost jobs
+  and lost exports, the Treasury said.
+      The agreement to be implemented in two stages by July, 1988
+  would ban tied aid credit among industrialized countries and
+  place limits on permitted aid by developing countries.
+      It would also reduce export credits that do not involve aid
+  and reduce credit subsidies permitted for relatively poor
+  countries, the Treasury said.
+      Baker said the agreement imposes particular sacrifices on
+  Japan and praised Japan's willingness to accept the pact as a
+  demonstration of the Japanese government's willingness to take
+  concrete steps to resolve important trade issues.
+  
+
diff --git a/reuters/training/5965 b/reuters/training/5965
new file mode 100644
index 0000000000000000000000000000000000000000..39762b42e1744f8eb733d4966d733cfdcdb74749
--- /dev/null
+++ b/reuters/training/5965
@@ -0,0 +1,20 @@
+GULF RESOURCES <GRE> SEES 1ST QTR PRETAX PROFIT
+  Gulf Resources and Chemical Corp said
+  the sale of its stake in <Imperial Continental Gas Association>
+  will result in a pre-tax profit of about 44.1 mln dlrs or 4.69
+  dlrs per share, fully duliuted, in the first quarter of 1987.
+      Gulf said it sold its remaining stake in Imperial of 
+  6,631,222 shares and 100,000 units of loan stock for 74.8 mln
+  dlrs, based on an exchange rate of one pound sterling at 1.58
+  dlr. As previously reported, it sold 9,534,633 of its Imperial
+  shares on March nine.
+      Gulf said the sale of the Imperial shares were accepted as
+  part of a recent tender offer made by <Groupe Bruxelles Lambert
+  S.A.> and <Tractebel S.A.>.
+      Under the terms of the offer, Gulf said it is entitled to
+  receive a supplementary payment if a general offer to acquire
+  Imperial Continental or its Calor Group or Contibel Holdings
+  becomes wholly unconditional before Jan 1, 1988 at a price
+  above the tender off of 710 pence per share.
+  
+
diff --git a/reuters/training/5967 b/reuters/training/5967
new file mode 100644
index 0000000000000000000000000000000000000000..6c3f05f0239c2a888f3dded9ab6765105994cabd
--- /dev/null
+++ b/reuters/training/5967
@@ -0,0 +1,11 @@
+STERLING INC <STRL> 4TH QTR JAN 31 NET
+  Shr 1.27 dlrs vs not given
+      Net 5,097,000 vs 3,164,000
+      Sales 48.1 mln vs 31.7 mln
+      Year
+      Shr 1.42 dlrs vs not given
+      Net 5,194,000 vs 3,457,000
+      Sales 100.4 mln vs 70.1 mln
+      NOTE: Company went public in May 1986.
+  
+
diff --git a/reuters/training/5968 b/reuters/training/5968
new file mode 100644
index 0000000000000000000000000000000000000000..c4be45d60b079fe4a8f0ee7b9e743e637ae2e40f
--- /dev/null
+++ b/reuters/training/5968
@@ -0,0 +1,10 @@
+AUTOMATIX INC <AITX> 4TH QTR LOSS
+  Shr loss 20 cts vs loss 12 cts
+      Net loss 2,195,000 vs loss 1,402,000
+      Revs 3,600,000 vs 5,777,000
+      Year
+      Shr loss 71 cts vs loss 51 cts
+      Net loss 7,851,000 vs loss 5,594,000
+      Revs 16.7 mln vs 24.8 mln
+  
+
diff --git a/reuters/training/5969 b/reuters/training/5969
new file mode 100644
index 0000000000000000000000000000000000000000..e79165446266f6a851b21baac4682bb86daebb50
--- /dev/null
+++ b/reuters/training/5969
@@ -0,0 +1,13 @@
+IONICS INC <ION> 4TH QTR NET
+  Shr 11 cts vs 24 cts
+      Net 419,000 vs 938,000
+      Revs 16.2 mln vs 16.9 mln
+      Year
+      Shr 25 cts vs 95 cts
+      Net 952,000 vs 3,001,000
+      Revs 64.6 mln vs 68.8 mln
+      Backlog 30.3 mln vs 31.9 mln
+      NOTE: 1986 net includes nonrecurring gain 383,000 dlrs in
+  quarter and charge 175,000 dlrs in year.
+  
+
diff --git a/reuters/training/5972 b/reuters/training/5972
new file mode 100644
index 0000000000000000000000000000000000000000..c366e7eb58769ac8f823253ded84514ecbe19080
--- /dev/null
+++ b/reuters/training/5972
@@ -0,0 +1,17 @@
+SOVIETS SAID TO SEE NEW FLOOR FOR GRAIN OUTPUT
+  The intensive technology concept for
+  grain production has put a new floor under USSR grain
+  production, the U.S. Agriculture Department's officer in Moscow
+  said in a field report.
+      The report, quoting a broadcast on Radio Moscow, said that
+  due to intensive technology grain production in a "bad year" will
+  not fall below 200 mln tonnes, and in a "good year" grain
+  production could reach 250 mln tonnes.
+      The U.S. Agriculture Department currently forecasts this
+  year's USSR crop at 210.1 mln tonnes, and if realized this
+  would be the third year since 1975 that the Soviet Union's
+  grain harvest has exceeded 200.0 mln tonnes.
+      The largest crop since 1975 was 237.4 mln tonnes harvested
+  in 1978, according to USDA data.
+  
+
diff --git a/reuters/training/5973 b/reuters/training/5973
new file mode 100644
index 0000000000000000000000000000000000000000..cc99b15bb72be40c9a5cc1b57909bb95eb44a9f0
--- /dev/null
+++ b/reuters/training/5973
@@ -0,0 +1,37 @@
+OECD AGREES EXPORT CREDIT REFORMS
+  The western industrialised nations have
+  agreed reforms in rules by which they provide credit for
+  exports to developing countries, the Organisation for Economic
+  Cooperation and Development said.
+      The reforms tighten the rules for the use of foreign aid to
+  subsidise export credits in so-called "mixed credits," the OECD
+  said.
+      The agreement, to be implemented in two stages in July this
+  year and July 1988, means the minimum aid component in mixed
+  credits will be raised to 35 pct from 25 pct, and to 50 pct for
+  credits covering exports to the world's least developed
+  nations.
+      Additionally, a new formula will be used for calculating
+  the aid element in mixed credits, to take account of different
+  interest rates in the exporting countries, the 24-nation OECD,
+  which hosted the reform negotiations, said.
+      Minimum interest rates for officially subsidised trade
+  loans have also been revised with the aim of cutting the
+  subsidies, and ending them completely on loans to relatively
+  rich developing countries by July next year.
+      The reforms follow several years of pressure by the U.S. To
+  stop competitors, notably France and Japan, using foreign aid
+  to subsidise exports, putting U.S. Firms at a disadvantage.
+      OECD officials said the agreement was based on a
+  provisional accord reached in January subject to ratification
+  by member governments. Some governments, including Austria, had
+  linked their final approval to other trade credit issues which
+  would be discussed at a meeting here in mid-April, they added.
+      By raising the minimum amount of aid required in mixed
+  credits the agreement aims to make such hidden subsidies too
+  costly for frequent use.
+      "A major loophole in the General Agreement on Tariffs and
+  Trade has been closed today," a senior U.S. Official here
+  commented.
+  
+
diff --git a/reuters/training/5974 b/reuters/training/5974
new file mode 100644
index 0000000000000000000000000000000000000000..4b0d4483917ee9b94a9e55196504e1339fc7e4aa
--- /dev/null
+++ b/reuters/training/5974
@@ -0,0 +1,6 @@
+TM COMMUNICATIONS <TMCI> COMPLETES PURCHASE
+  TM Communications Inc said it has
+  completed the acquisition of radio station KNSS-FM of Reno,
+  Nev., for about 2,500,000 dlrs in cash.
+  
+
diff --git a/reuters/training/5975 b/reuters/training/5975
new file mode 100644
index 0000000000000000000000000000000000000000..5697ca3d4540ace157b98704e5df7aec1a92427e
--- /dev/null
+++ b/reuters/training/5975
@@ -0,0 +1,9 @@
+PEOPLES HERITAGE <PHBK> TO MAKE ACQUISITION
+  Peoples Heritage Bank said it
+  has agreed to purchase Northeast Leasing Co Inc, a Portland,
+  Maine lessor of office equipment, for about 43,000 common
+  shares.
+      It said Norhteast had year-end receivables of 2,700,000
+  dlrs.
+  
+
diff --git a/reuters/training/5976 b/reuters/training/5976
new file mode 100644
index 0000000000000000000000000000000000000000..5ea3e362147d96efcb9dc097b52f7976ef3bbb37
--- /dev/null
+++ b/reuters/training/5976
@@ -0,0 +1,12 @@
+CODENOLL TECHNOLOGY CORP <CODN> 4TH QTR LOSS
+  Shr loss 12 cts vs loss 17 cts
+      Net loss 484,556 vs loss 620,607
+      Sales 2,167,631 vs 1,062,837
+      Avg shrs 3,985,924 vs 3,935,969
+      Year
+      Shr loss 62 cts vs loss 52 cts
+      Net loss 2,468,605 vs loss 1,788,406
+      Sales 6,603,285 vs 4,650,585
+      Avg shrs 3,983,692 vs 3,446,348
+  
+
diff --git a/reuters/training/5977 b/reuters/training/5977
new file mode 100644
index 0000000000000000000000000000000000000000..82c5f20dfcdc35521736b7c1ce7ab2346219221f
--- /dev/null
+++ b/reuters/training/5977
@@ -0,0 +1,8 @@
+OWENS-CORNING <OCF> COMPLETES SALE OF PLANTS
+  Owens-Corning Fiberglas Corp said
+  it has completed the previously-announced sale of its three
+  foam products plants to Atlas Roofing Corp for undisclosed
+  terms.
+      The sale is part of its restructuring, the company said.
+  
+
diff --git a/reuters/training/5980 b/reuters/training/5980
new file mode 100644
index 0000000000000000000000000000000000000000..2710d5d4ddfeb7faaea0b81a6b0fe1ab790ed0a9
--- /dev/null
+++ b/reuters/training/5980
@@ -0,0 +1,5 @@
+ U.K. Chancellor forecast in budget speech GDP growth of 3.0 pct in 1987
+
+   U.K. Chancellor forecast in budget speech GDP growth of 3.0 pct in 1987
+  
+
diff --git a/reuters/training/5981 b/reuters/training/5981
new file mode 100644
index 0000000000000000000000000000000000000000..5d8b827bc28ae5f021673334e4398260be36fb0c
--- /dev/null
+++ b/reuters/training/5981
@@ -0,0 +1,5 @@
+LAWSON FORECASTS 2.5 BILLION STG U.K. CURRENT ACCOUNT DEFICIT IN 1987
+
+  LAWSON FORECASTS 2.5 BILLION STG U.K. CURRENT ACCOUNT DEFICIT IN 1987
+  
+
diff --git a/reuters/training/5982 b/reuters/training/5982
new file mode 100644
index 0000000000000000000000000000000000000000..f7c64646cafd2caeecbfa3fcb9285a47d4f290be
--- /dev/null
+++ b/reuters/training/5982
@@ -0,0 +1,5 @@
+CAMPBELL RESOURCES INC 2ND QTR SHR PROFIT THREE CTS VS LOSS 10 CTS
+
+  CAMPBELL RESOURCES INC 2ND QTR SHR PROFIT THREE CTS VS LOSS 10 CTS
+  
+
diff --git a/reuters/training/5984 b/reuters/training/5984
new file mode 100644
index 0000000000000000000000000000000000000000..21ab25613e022f8e28b6e12aca730fa9bad4afa1
--- /dev/null
+++ b/reuters/training/5984
@@ -0,0 +1,9 @@
+GENETIC LABORATORIES INC <GENL> 2ND QTR LOSS
+  Period ended Jan 31
+      Net loss 89,255 vs loss 277,536
+      Sales 913,136 vs 854,194
+      Six mths
+      Net profit 481,372 vs loss 555,722
+      Sales 1,845,532 vs 1,754,076
+  
+
diff --git a/reuters/training/5985 b/reuters/training/5985
new file mode 100644
index 0000000000000000000000000000000000000000..aba858bf09c97a70b023193a6d68cb56314098a7
--- /dev/null
+++ b/reuters/training/5985
@@ -0,0 +1,118 @@
+U.K. BUDGET SEES 1987 GDP GROWTH AT THREE PCT
+  Chancellor of the Exchequer Nigel
+  Lawson, presenting his budget for fiscal 1987/88 to Parliament,
+  said U.K. Economic growth was forecast at three pct in calendar
+  1987.
+      He said the Treasury expected a current account balance of
+  payments deficit in 1987 of 2.5 billion stg, after a 1.1
+  billion shortfall in 1986.
+      Inflation is expected to be 4.0 pct at the end of this
+  year, Lawson said.
+      "As I forecast in the Autumn Statement, inflation may
+  continue to edge up for a time, perhaps exceeding 4.5 pct by
+  the summer, before falling back to 4.0 pct by the end of the
+  year," he added.
+      Turning to the Public Sector Borrowing Requirement (PSBR),
+  Lawson said the likely outturn for fiscal 1986/87 was 4.0
+  billion stg, or 1.0 pct of GDP.
+      The planned PSBR for 1987/88 was set at 4.0 billion stg.
+      On monetary policy, Lawson confirmed the target range for
+  the narrow M0 measure would be two to six pct in fiscal
+  1987/88.
+      No explicit target was set for the broad sterling M3
+  aggregate, he said. "But broad money will continue to be taken
+  into account in assessing monetary conditions, as of course
+  will the exchange rate," the Chancellor told Parliament.
+      Lawson said the low outturn of the PSBR in 1986/87 "is
+  chiefly attributable to the remarkable buoyancy of non-oil tax
+  revenues in general, and the corporation tax paid by an
+  increasingly profitable business sector in particular."
+      On oil prices, Lawson said he was sticking to his earlier
+  assumption that North Sea crude prices will average 15 dlrs per
+  barrel in calendar 1987.
+      He said "it is clear that the increased flow of non-oil tax
+  revenues, coupled with the prospective further growth of the
+  economy in excess of the growth of public expenditure, puts the
+  public finances in a very strong position."
+      Lawson said the Treasury would strive to keep the PSBR at
+  1.0 pct of GDP in future.
+      "We have reached what I judge to be the (Medium Term
+  Financial Strategy's) appropriate destination - a PSBR of 1.0
+  pct of GDP. My aim will be to keep it there over the years
+  ahead," Lawson said.
+      "Inevitably, this greatly diminishes the scope I have this
+  year for reducing the burden of taxation, which of course
+  remains a major objective of government policy."
+      "But I am sure it is right to err on the side of prudence
+  and caution, and to build a still firmer base for the future."
+      Lawson said the time had come to strike the Exchange
+  Control Act from the Statute book.
+      On corporation tax, he said the rate will remain unchanged
+  at 35 pct in 1987/88. But companies' capital gains will be
+  charged at the "appropriate corporation tax rate."
+      He said that under the new proposed system, companies
+  should be able to set Advanced Capital Tax (ACT) payments
+  against tax on capital gains.
+      "Taken together, these changes should yield 60 mln stg in
+  1988/89," Lawson said.
+      Lawson said he will propose that all companies and building
+  societies be treated the same way on payment of corporation
+  tax, "with all liable to pay corporation tax nine months after
+  the end of the accounting period on which the tax is due."
+      "I also propose to legislate now to pave the way for a new
+  method of collecting corporation tax, to be known as Pay and
+  File."
+      This would be part of a wider programme of streamlining tax
+  collection, and would not come into force until the early
+  1990s.
+      Lawson said he planned two reliefs on Petroleum Revenue Tax
+  (PRT). As from today, companies may elect to have up to 10 pct
+  of the costs of developing certain new fields set against their
+  (PRT) liabilities in existing fields, until the income of those
+  new fields exceeds the costs incurred.
+      Second, there will be a new relief against PRT for spending
+  on research into U.K. Oil extraction that is not related to any
+  particular field.
+      On business employment, Lawson said employers will receive
+  tax relief for retraining workers.
+      Lawson said that in future, traders registered for Value
+  Added Tax (VAT) would be able to choose to account for the tax
+  on the basis of cash paid and received.
+      Small businesses may account for VAT annually instead of
+  quarterly. The VAT compulsory registration period was being
+  extended to 30 days, he added, and VAT registration thresholds
+  are to be raised to 21,300 stg.
+      New measures are planned to combat VAT avoidance, he added.
+      The capital gains tax retirement relief limit would now be
+  set at 125,000 stg.
+      Lawson said he proposed to change the law so that companies
+  in multinational groups with dual residence will no longer be
+  able to secure tax relief twice on the same interest payment.
+  The change will take effect on April 1, 1987, but "genuine
+  trading companies" will not be affected.
+      He also planned to end the present treatment of tax credit
+  relief for foreign withholding tax paid on interest on bank
+  loans, also from April 1.
+      "In future, banks will be able to offset this tax credit
+  only against tax on the profit on the relevant loan," he said.
+      The standard rate of taxation is being reduced by two
+  pence, to 27 pct from 29 pct.
+      Lawson reiterated the government's aim of reducing basic
+  taxation to 25 pence in the pound, but added "given my decision
+  to use the greater part of the fiscal scope I now have to
+  reduce the PSBR, that goal cannot be achieved in this budget."
+      Small companies' corporation tax is also being reduced to
+  27 pct, he said.
+      On the Lloyd's insurance market, Lawson said he planned to
+  change the tax treatment of Lloyd's syndicates, bringing it
+  into line with that of provisions for outstanding liabilities
+  made by ordinary insurance companies and of comparable
+  provisions made by financial traders.
+      The Inland Revenue would be told to consult urgently with
+  Lloyd's about the details of the legislation, he said.
+      "The new rules will first apply to premiums payable for the
+  Lloyd's account which closes on December 31 this year," Lawson
+  said.
+   MORE
+  
+
diff --git a/reuters/training/5986 b/reuters/training/5986
new file mode 100644
index 0000000000000000000000000000000000000000..447275c8b3871da598abb0c596d67185b68688ca
--- /dev/null
+++ b/reuters/training/5986
@@ -0,0 +1,16 @@
+ROYAL RESOURCES <RRCO> MAKES ACQUISITION
+  Royal Resources Corp said it has
+  exercised its optioon to purchase Montagu Mining Investments
+  Inc from <Samuel Montagu Ltd> of London for 3,600,000 dlrs in
+  cash and 200,000 common shares.
+      The company said Montagu's main asset is a 10 pct interest
+  in the Hog Ranch Joint Venture, which operates the open cut
+  heap leach Hog Ranch gold mine in Washoe County, Nev.  The mine
+  now produces gold at over 50,000 ounces a year.
+      It said after nine months following closing, Montagu may
+  require Royal to register the 200,000 shares for sale.         
+      Royal said from six months after closing until one year
+  after, Montagu also has the right to require Royal to
+  repurchase any or all of the 200,000 shares at 4.50 dlrs each.
+  
+
diff --git a/reuters/training/5991 b/reuters/training/5991
new file mode 100644
index 0000000000000000000000000000000000000000..2c18f5421adc641d87c19e2b63b989ca1b719042
--- /dev/null
+++ b/reuters/training/5991
@@ -0,0 +1,11 @@
+CAMPBELL RESOURCES INC <CCH> 2ND QTR DEC 31 NET
+  Shr profit three cts vs loss 10 cts
+      Net profit 765,000 vs loss 2,600,000
+      Revs 9,259,000 vs 14,479,000
+      SIX MTHS
+      Shr profit three cts vs loss 11 cts
+      Net profit 875,000 vs loss 2,303,000
+      Revs 17.7 mln vs 29.2 mln
+      Note: Campbell changing its yr-end to Dec 31 from June 30.
+  
+
diff --git a/reuters/training/5993 b/reuters/training/5993
new file mode 100644
index 0000000000000000000000000000000000000000..17af7ccfb2fa8158ff311a54331277e4cae50b6a
--- /dev/null
+++ b/reuters/training/5993
@@ -0,0 +1,9 @@
+AMERTEK INC <ATEKF> YEAR NET
+  Oper shr 15 cts vs eight cts
+      Oper net 517,333 vs 276,240
+      Revs 22.4 mln vs 14.0 mln
+      Note: 1986 shr and net exclude extraordinary gain of
+  1,333,760 dlrs or 40 cts share. 1985 shr and net exclude
+  extraordinary gain of 294,859 dlrs or 10 cts share
+  
+
diff --git a/reuters/training/5994 b/reuters/training/5994
new file mode 100644
index 0000000000000000000000000000000000000000..b9a69aacb8b75a5d1a7729a05e5f9ef651a3a067
--- /dev/null
+++ b/reuters/training/5994
@@ -0,0 +1,10 @@
+SYSTEMATICS INC <SYST> 3RD QTR FEB 28 NET
+  Shr 33 cts vs 27 cts
+      Net 3,588,000 vs 2,981,000
+      Revs 37.8 mln vs 31.6 mln
+      Nine mths
+      Shr 72 cts vs 76 cts
+      Net 7,843,000 vs 8,344,000
+      Revs 103.3 mln vs 90.8 mln
+  
+
diff --git a/reuters/training/5998 b/reuters/training/5998
new file mode 100644
index 0000000000000000000000000000000000000000..f518296d5cf68bd58a3f12e64c52438d988eea65
--- /dev/null
+++ b/reuters/training/5998
@@ -0,0 +1,11 @@
+FED MAY SUPPLY RESERVES IN THE MONEY MARKETS
+  There is a slightly better than even
+  chance that the Federal Reserve will enter the U.S. Government
+  securities market to add temporary reserves, economists said.
+      They said the Fed would supply the reserves indirectly via
+  around 1.5 billion dlrs of customer repurchase agreements.
+      Federal funds, which averaged 6.25 pct yesterday, opened at
+  6-1/16 pct and moved in a narrow range between there and six
+  pct in early trading.
+  
+
diff --git a/reuters/training/6 b/reuters/training/6
new file mode 100644
index 0000000000000000000000000000000000000000..628aeb78b51b0e078b13900ec52e3684e9fa222f
--- /dev/null
+++ b/reuters/training/6
@@ -0,0 +1,33 @@
+ARGENTINE 1986/87 GRAIN/OILSEED REGISTRATIONS
+  Argentine grain board figures show
+  crop registrations of grains, oilseeds and their products to
+  February 11, in thousands of tonnes, showing those for futurE
+  shipments month, 1986/87 total and 1985/86 total to February
+  12, 1986, in brackets:
+      Bread wheat prev 1,655.8, Feb 872.0, March 164.6, total
+  2,692.4 (4,161.0).
+      Maize Mar 48.0, total 48.0 (nil).
+      Sorghum nil (nil)
+      Oilseed export registrations were:
+      Sunflowerseed total 15.0 (7.9)
+      Soybean May 20.0, total 20.0 (nil)
+      The board also detailed export registrations for
+  subproducts, as follows,
+      SUBPRODUCTS
+      Wheat prev 39.9, Feb 48.7, March 13.2, Apr 10.0, total
+  111.8 (82.7) .
+      Linseed prev 34.8, Feb 32.9, Mar 6.8, Apr 6.3, total 80.8
+  (87.4).
+      Soybean prev 100.9, Feb 45.1, MAr nil, Apr nil, May 20.0,
+  total 166.1 (218.5).
+      Sunflowerseed prev 48.6, Feb 61.5, Mar 25.1, Apr 14.5,
+  total 149.8 (145.3).
+      Vegetable oil registrations were :         
+      Sunoil prev 37.4, Feb 107.3, Mar 24.5, Apr 3.2, May nil,
+  Jun 10.0, total 182.4 (117.6).                  
+      Linoil prev 15.9, Feb 23.6, Mar 20.4, Apr 2.0, total 61.8,
+  (76.1).                         
+      Soybean oil prev 3.7, Feb 21.1, Mar nil, Apr 2.0, May 9.0,
+  Jun 13.0, Jul 7.0, total 55.8 (33.7).        REUTER
+  
+
diff --git a/reuters/training/6000 b/reuters/training/6000
new file mode 100644
index 0000000000000000000000000000000000000000..82932b6f8fcd3dcaa3b38610c9f4bdb6b3d83dcb
--- /dev/null
+++ b/reuters/training/6000
@@ -0,0 +1,14 @@
+BALDRIGE PREDICTS SOLID U.S. HOUSING GROWTH
+  Commerce Secretary Malcolm Baldrige
+  predicted 1987 will be the fifth successive year for growth in
+  housing starts after a 2.6 pct rise overall in February starts
+  to a seasonally adjusted annual rate of 1.851 mln units.
+      "This year should be the fifth solid year in a row for
+  homebuilding activity -- with single-family units stronger than
+  multi-family units," he said in a statement.
+      Single-family starts rose last month from January levels by
+  5.6 pct to 1.317 mln units on a seasonally adjusted basis while
+  multi-family unit starts fell 4.1 pct to 534,000 units, the
+  department said.
+  
+
diff --git a/reuters/training/6003 b/reuters/training/6003
new file mode 100644
index 0000000000000000000000000000000000000000..787174a0b2c346ac0919aebb10a22f82f375a965
--- /dev/null
+++ b/reuters/training/6003
@@ -0,0 +1,10 @@
+IRVING TRUST <V> BUYS GULF/WESTERN <GW> UNIT
+  Irving Bank Corp said it bought the
+  factoring division of Associates Commercial Corp, a unit of
+  Gulf and Western Co Inc's Associates Corp of North America.
+      The terms of the previously announced deal were not
+  disclosed.
+      It said the assets were transferred to Irving Commercial
+  Corp.
+  
+
diff --git a/reuters/training/6005 b/reuters/training/6005
new file mode 100644
index 0000000000000000000000000000000000000000..173b8e7424140d463e84029282ca72cdc2790912
--- /dev/null
+++ b/reuters/training/6005
@@ -0,0 +1,10 @@
+AMRE INC <AMRE> 3RD QTR JAN 31 NET
+  Shr five cts vs one ct
+      Net 196,986 vs 37,966
+      Revs 15.5 mln vs 8,900,000
+      Nine mths
+      Shr 52 cts vs 22 cts
+      Net two mln vs 874,000
+      Revs 53.7 mln vs 28.6 mln
+  
+
diff --git a/reuters/training/6006 b/reuters/training/6006
new file mode 100644
index 0000000000000000000000000000000000000000..f81c5f6047c977e2f8893d2f2447e2e3a41548f7
--- /dev/null
+++ b/reuters/training/6006
@@ -0,0 +1,15 @@
+KANSAS LEGISLATOR TO OFFER U.S. 0/92 BILL TODAY
+  U.S. Rep. Dan Glickman, D-Kan.,
+  chairman of the House Agriculture subcommittee on wheat,
+  soybeans and feedgrains, said he would today introduce a bill
+  to apply the so-called 0/92 concept to wheat and feedgrains
+  producers.
+      Glickman told Reuters the measure would allow 1987 winter
+  wheat producers and 1988 feedgrains producers the possibility
+  of receiving no less than 92 pct of their income support
+  payments regardless of how much acreage they planted.
+      He also said his bill would protect program participants
+  from reduced income payments in the event market prices rose
+  above the loan rate.
+  
+
diff --git a/reuters/training/6010 b/reuters/training/6010
new file mode 100644
index 0000000000000000000000000000000000000000..01d1109bbd107bf5f0511edc37d62b39bf49afd4
--- /dev/null
+++ b/reuters/training/6010
@@ -0,0 +1,10 @@
+PORTA SYSTEMS CORP <PSI> 4TH QTR JAN 31 NET
+  Shr 10 cts vs 11 cts
+      Net 547,000 vs 579,000
+      Sales 11.0 mln vs 11.1 mln
+      Year
+      Shr 46 cts vs 52 cts
+      Net 2,500,000 vs 2,841,000
+      Sales 40.7 mln vs 40.5 mln
+  
+
diff --git a/reuters/training/6013 b/reuters/training/6013
new file mode 100644
index 0000000000000000000000000000000000000000..fa9a036a519a4917e5b14032891389d2e1f0102d
--- /dev/null
+++ b/reuters/training/6013
@@ -0,0 +1,5 @@
+FEDERATED DEPARTMENT STORES INC 4TH QTR SHR 3.64 DLRS VS 3.16 DLRS
+
+  FEDERATED DEPARTMENT STORES INC 4TH QTR SHR 3.64 DLRS VS 3.16 DLRS
+  
+
diff --git a/reuters/training/6014 b/reuters/training/6014
new file mode 100644
index 0000000000000000000000000000000000000000..b6289e751f83aad41ff8cb1f3a2b883fea5dd27e
--- /dev/null
+++ b/reuters/training/6014
@@ -0,0 +1,13 @@
+<WARNACO GROUP INC> EIGHT MTHS JAN THREE NET
+  Oper net 46.6 mln
+      Revs 392 mln
+      12 mths
+      Oper net 65 mln vs 47.1 mln
+      Revs 590 mln vs 591 mln
+      NOTE: Eight months represents earnings following
+  acquisition in May 1986 when company went private.
+      Period ending Jan. 3, 1987 excludes 42.3 mln dlrs of
+  interest expenses, 41.6 mln dlrs of acquisition adjusments, and
+  1.7 mln dlrs of income taxes.
+  
+
diff --git a/reuters/training/6017 b/reuters/training/6017
new file mode 100644
index 0000000000000000000000000000000000000000..0ba6a89820dbf34736306c929a485bb5f4b4d629
--- /dev/null
+++ b/reuters/training/6017
@@ -0,0 +1,12 @@
+GANTOS INC <GTOS> 4TH QTR JAN 31 NET
+  Shr 43 cts vs 37 cts
+      Net 2,276,000 vs 1,674,000
+      Sales 31.9 mln vs 23.9 mln
+      Avg shrs 5.3 mln vs 4.5 mln
+      Year
+      Shr 90 cts vs 69 cts
+      Net 4,508,000 vs 3,096,000
+      Sales 98.4 mln vs 75.0 mln
+      Avg shrs 5.0 mln vs 4.5 mln
+  
+
diff --git a/reuters/training/6018 b/reuters/training/6018
new file mode 100644
index 0000000000000000000000000000000000000000..d3bc72b2efa759cdfa063b06e398296042f7633b
--- /dev/null
+++ b/reuters/training/6018
@@ -0,0 +1,7 @@
+<ATLANTIC EXPRESS INC> 1ST HALF DEC 31 NET
+  Shr not given
+      Net 788,099
+      Revs 15.5 mln
+      NOTE: Company went public during 1986.
+  
+
diff --git a/reuters/training/6020 b/reuters/training/6020
new file mode 100644
index 0000000000000000000000000000000000000000..9e34a597f3b35d2802eb355dc8c5acbfdddf257d
--- /dev/null
+++ b/reuters/training/6020
@@ -0,0 +1,8 @@
+SPENDTHRIFT FARMS <SFI> GETS BID FOR CONTROL
+  Spendthrift Farm Inc said it has
+  received three tentative proposals to acquyire control of the
+  company.
+      It said it is evaluating the proposals and will not comment
+  further unless a definitive agreement is reached.
+  
+
diff --git a/reuters/training/6023 b/reuters/training/6023
new file mode 100644
index 0000000000000000000000000000000000000000..f67e3acf99163b2671ed31b03cffd34cc37c8242
--- /dev/null
+++ b/reuters/training/6023
@@ -0,0 +1,25 @@
+SHEARSON LEHMAN UPGRADES U.S. OIL STOCKS
+  Analyst Sanford Margoshes of Shearson
+  Lehman Brothers said he recommended a number of oil stocks
+  today now that it is apparent that OPEC has succeeded in
+  holding to its prescribed production quotas.
+      "It is clear that OPEC, through jawboning and quota
+  restraint, will boost the price of oil," Margoshes said.
+      Prices of oil stocks rose sharply today in response to
+  higher oil prices and optimism about OPEC quotas. Margoshes
+  said he recommends Imperial Oil <IMO.A>, up 1/2 to 49-1/8,
+  Standard Oil Co <SRD>, 7/8 to 62-3/4, Exxon <XON> one to
+  83-1/8, and Chevron <CHV> 1-1/8 to 54-7/8.
+      In addition, Margoshes said he recommended Atlantic
+  Richfield <ARC> on a short-term basis, though he said he is
+  still suspect about its debt situation. Atlantic Richfield rose
+  1-3/4 to 77.
+      He said "the market could come down to test the 16 dlr a
+  barrel level again, but the main thrust of investing in oil is
+  positive right now. Before the year is out we will see higher
+  oil prices."
+      He noted that belief that the government is interested in
+  raising the strategic reserves is factored into the rise in oil
+  stocks today.
+  
+
diff --git a/reuters/training/6025 b/reuters/training/6025
new file mode 100644
index 0000000000000000000000000000000000000000..51c3c24efe94d057168826057daec88983f47bb2
--- /dev/null
+++ b/reuters/training/6025
@@ -0,0 +1,25 @@
+ZAMBIAN MINISTER CONFIRMS COPPER DIVERSION
+  Minister of Mines Patrick Chitambala
+  confirmed that Zambia had ended copper shipments through South
+  Africa and announced that its state-run mining company had
+  closed down its liaison office in the white-ruled republic.
+      He told the official Times of Zambia newspaper in an
+  interview the government was diverting all mineral exports
+  along rail routes to Dar es Salaam in Tanzania and Beira in
+  Mozambique. Chitambala declined to say what volume of copper
+  and other minerals were being shipped through these two ports,
+  but he said there had not been any problem with the new
+  arrangements.
+      "So far our copper has been reaching its destinations
+  without hindrance," he told the Times.
+      The Times of Zambia quoted unnamed sources as saying Zambia
+  exported 100,000 tonnes of copper through Dar es Salaam and
+  17,000 through Beira in the last quarter of 1986. Diplomatic
+  sources in Lusaka had earlier expressed doubts over Zambia's
+  ability to ship all its copper through Beira and Dar es Salaam
+  without causing massive bottlenecks at the ports.
+      Chitambala also said that the state-run Zambia Consolidated
+  Copper Mines (ZCCM) had closed its liaison office in
+  Johannesburg, since it was now redundant.
+  
+
diff --git a/reuters/training/6026 b/reuters/training/6026
new file mode 100644
index 0000000000000000000000000000000000000000..0ccc1df521eed0f7790240b47140b90a1e05cdde
--- /dev/null
+++ b/reuters/training/6026
@@ -0,0 +1,5 @@
+TAFT CHAIRMAN'S GROUP RAISES TAFT BROADCASTING BID TO 150 DLRS/SHARE
+
+  TAFT CHAIRMAN'S GROUP RAISES TAFT BROADCASTING BID TO 150 DLRS/SHARE
+  
+
diff --git a/reuters/training/6027 b/reuters/training/6027
new file mode 100644
index 0000000000000000000000000000000000000000..3951da4d8378f98640479d735e36116a724cc111
--- /dev/null
+++ b/reuters/training/6027
@@ -0,0 +1,12 @@
+DEVELOPMENT CORP OF AMERICA <DCA> MERGED
+  Development Corp of America
+  said its merger with Lennar Corp <LEN> was completed and its
+  stock no longer existed.
+      Development Corp of America, whose board approved the
+  acquisition last November for 90 mln dlrs, said the merger was
+  effective today and its stock now represents the right to
+  receive 15 dlrs a share.
+      The American Stock Exchange said it would provide further
+  details later.
+  
+
diff --git a/reuters/training/6030 b/reuters/training/6030
new file mode 100644
index 0000000000000000000000000000000000000000..f12027deb392779457da1f25194a997b980019fa
--- /dev/null
+++ b/reuters/training/6030
@@ -0,0 +1,10 @@
+TEVA <TEVIY> SELLS PROMEDICO SUBSIDIARY
+  Teva Pharmaceutical Industries Ltd,
+  based in Israel, said it sold its wholly owned Promedico
+  subsidiary, to foreign investors for four mln dlrs.
+      It said the book value of the unit is about 2.2 mln dlrs.
+      Teva said it will continue to market Promedico's products
+  through its wholly owned subsidiary, Salomon, Levin and Elstein
+  Ltd.
+  
+
diff --git a/reuters/training/6033 b/reuters/training/6033
new file mode 100644
index 0000000000000000000000000000000000000000..2b96798de391091cf6d2c3656012e07531b0733f
--- /dev/null
+++ b/reuters/training/6033
@@ -0,0 +1,6 @@
+NEW MILFORD SAVINGS BANK <NMSB> RAISES PAYOUT
+  Qtly div 25 cts vs 20 cts prior
+      Pay April 21
+      Reord March 27
+  
+
diff --git a/reuters/training/6034 b/reuters/training/6034
new file mode 100644
index 0000000000000000000000000000000000000000..3d0b89cbcd793d6262659bda753945712fdf65a3
--- /dev/null
+++ b/reuters/training/6034
@@ -0,0 +1,20 @@
+K MART <KM> ENDS TALKS TO SELL STORES
+  K Mart Corp said recent talks to sell
+  65 remaining Kresge variety stores and their underlying real
+  estate to F.W. Woolworth Co <Z> have ended.
+      Robert Stevenson, K Mart vice president, told Reuters the
+  talks, which began about six weeks ago, ended. He declined to
+  give a reason.
+      Kresge is the forerunner of what is now the K Mart chain.
+  The name was changed to K Mart in 1977, Stevenson said.
+      "We're selling and buying real estate in our real estate
+  division, and Woolworth was interested in some of our
+  properties. The talks were of a casual nature," he said.
+      The 65 Kresge stores that are scattered around the country
+  in downtown and suburban locations, he said.
+      Stevenson said K Mart will continue to operate the stores.
+  "The stores are profitable. The only decision K Mart has made
+  is that we will continue to operate them," he said
+      Kresge had been a nationwide chain of 900 variety stores.
+  
+
diff --git a/reuters/training/6035 b/reuters/training/6035
new file mode 100644
index 0000000000000000000000000000000000000000..29ff97da5932cb8ef147bb48cf48ed7a37737481
--- /dev/null
+++ b/reuters/training/6035
@@ -0,0 +1,12 @@
+INSTITUTE OF CLINICAL PHARM PLC <ICPYY> YEAR
+  Shr 20 ct vs 27 cts
+      Net 1,048,000 vs 1,368,000
+      Revs 9,457,000 vs 5,386,000
+      NOTE: Dollar amounts converted from Irish pounds at noon
+  buying rate of the Federal Reserve Bank of New York at Dec 31,
+  1986, of 1.4105 dlr per one Irish pound. The equivalent rate at
+  Dec 31, 1985, was 1.2470 dlr equals one Irsh pound. Full name
+  of company is The Institute of Clinical Pharmacology PLC, based
+  in Dulbin, Ireland.
+  
+
diff --git a/reuters/training/6037 b/reuters/training/6037
new file mode 100644
index 0000000000000000000000000000000000000000..4658f16cd21cf3523e90341b9802ca0db82733eb
--- /dev/null
+++ b/reuters/training/6037
@@ -0,0 +1,28 @@
+U.K. GROWTH RATE SEEN AT THREE PCT THIS YEAR
+  Chancellor of the Exchequer Nigel
+  Lawson, presenting his budget for fiscal 1987/88 to parliament,
+  said U.K. Economic growth was forecast at three pct in calendar
+  1987.
+      He said the Treasury expected a current account balance of
+  payments deficit in 1987 of 2.5 billion stg, after a 1.1
+  billion shortfall in 1986. Inflation is expected to be 4.0 pct
+  at the end of 1987, he said, adding it may exceed 4.5 pct by
+  the summer before falling back to 4.0 pct by the end of the
+  year.
+      The planned PSBR for 1987/88 was 4.0 billion stg unchanged
+  when compared with the likely outturn for fiscal 1986/87,
+  Lawson said.
+      Although no explicit target was set for the broad sterling
+  M3 money supply, Lawson said broad money will continue to be
+  taken into account in assessing monetary conditions as well as
+  the exchange rate.
+      The low outturn of the PSBR in 1986/87 was mainly due to
+  the buoyancy of non-oil tax revenues in general, and the
+  corporation tax paid by an increasingly profitable business
+  sector in particular.
+      On oil prices, Lawson said he was sticking to his earlier
+  assumption that North Sea crude prices will average 15 dlrs per
+  barrel in calendar 1987. The treasury would strive to keep the
+  PSBR at 1.0 pct of GDP in future, he said.
+  
+
diff --git a/reuters/training/6041 b/reuters/training/6041
new file mode 100644
index 0000000000000000000000000000000000000000..9f964922cad39d1cd29f816ef557d6bfdab4d48d
--- /dev/null
+++ b/reuters/training/6041
@@ -0,0 +1,7 @@
+ICN BIOMEDICALS INC <BIMD> 1ST QTR FEB 28 NET
+  Shr 10 cts vs eight cts
+      Net 856,000 vs 574,000
+      Sales 9,593,000 vs 9,232,000
+      Avg shrs 8,809,000 vs 6,969,000
+  
+
diff --git a/reuters/training/6042 b/reuters/training/6042
new file mode 100644
index 0000000000000000000000000000000000000000..6e214dc2c546bf277696bdc2db4c34ec431a0484
--- /dev/null
+++ b/reuters/training/6042
@@ -0,0 +1,8 @@
+APPLIED CIRCUIT TECHNOLOGY <ACRT> 1ST QTR LOSS
+  Period ended January 31.
+      Shr loss two cts vs loss 12 cts
+      Net loss 192,370 vs loss 1,494,146
+      Revs 6,751,830 vs 2,278,842
+      Note: Full name Applied Circuit Technology Inc.
+  
+
diff --git a/reuters/training/6043 b/reuters/training/6043
new file mode 100644
index 0000000000000000000000000000000000000000..bd05bcc5e086a5b48450b02bffd619b6cb49a9df
--- /dev/null
+++ b/reuters/training/6043
@@ -0,0 +1,6 @@
+FRISCH'S RESTAURANTS INC <FRS> SETS QUARTERLY
+  Qtly div 5-1/2 cts vs 5-1/2 cts prior
+      Pay April 16
+      Record April Six
+  
+
diff --git a/reuters/training/6044 b/reuters/training/6044
new file mode 100644
index 0000000000000000000000000000000000000000..93e9e64a64d3ecb625ed98b2025a693f196eceee
--- /dev/null
+++ b/reuters/training/6044
@@ -0,0 +1,5 @@
+FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+
+  FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+  
+
diff --git a/reuters/training/6046 b/reuters/training/6046
new file mode 100644
index 0000000000000000000000000000000000000000..6f1b145241425f8735cc6f0abf2e9379f57a473c
--- /dev/null
+++ b/reuters/training/6046
@@ -0,0 +1,9 @@
+FED ADDS RESERVES VIA CUSTOMER REPURCHASES
+  The Federal Reserve entered the U.S.
+  Government securities market to arrange two billion dlrs of
+  customer repurchase agreements, a Fed spokesman said.
+      Dealers said Federal funds were trading at 6-1/16 pct when
+  the Fed began its temporary and indirect supply of reserves to
+  the banking system.
+  
+
diff --git a/reuters/training/6047 b/reuters/training/6047
new file mode 100644
index 0000000000000000000000000000000000000000..6b82a42fe49d3d126b30dc7bf75c9275aa44248d
--- /dev/null
+++ b/reuters/training/6047
@@ -0,0 +1,29 @@
+FEDERATED DEPARTMENT STORES INC <FDS> 4TH QTR
+  Jan 31 end
+      Shr 3.64 dlrs vs 3.16 dlrs
+      Net 171.3 mln vs 154.0 mln
+      Sales 3.44 billion vs 3.23 billion
+      Avg shrs 47.1 mln vs 48.8 mln
+      Year
+      Oper shr 6.23 dlrs vs 5.88 dlrs
+      Oper net 301.9 mln vs 286.6 mln
+      Sales 10.51 billion vs 9.98 billion
+      Avg shrs 48.5 mln vs 48.8 mln
+      NOTE: Latest year net excludes 14.3 mln dlr charge from
+  loss on early debt extinguishment.
+      Net includes charges 15.7 mln dlrs in both periods of
+  latest year vs charges 23.9 mln dlrs in both periods of earlier
+  year from merger of divisions.
+      Investment tax credits three mln dlrs vs 8,900,000 dlrs in
+  quarter and 4,900,000 dlrs vs 16.4 mln dlrs in year.
+      Latest year net includes nine mln dlr provision for loss on
+  disposition of two Abraham and Strauss stores and preopening
+  expenses for another.
+      Latest year net includes gain from sale of interest in Fort
+  Worth, Texas, shopping center of 9,500,000 dlrs.
+      Latest year net both periods includes gain 9,100,000 dlrs
+  from sale of interest in Memphis, Tenn., shopping center.
+      Prior year net includes gain 6,600,000 dlrs on sale of
+  Boston Store division.
+  
+
diff --git a/reuters/training/6048 b/reuters/training/6048
new file mode 100644
index 0000000000000000000000000000000000000000..cf4c0a9a7ee8b4f6cc4d11158976404ba4107370
--- /dev/null
+++ b/reuters/training/6048
@@ -0,0 +1,10 @@
+CLOTHESTIME INC <CTME> 4TH QTR NET
+  Shr 12 cts vs 10 cts
+      Net 1,683,000 vs 1,407,000
+      Sales 42.2 mln vs 28.8 mln
+      Year
+      Shr 83 cts vs 70 cts
+      Net 11,908,000 vs 10,005,000
+      sales 160.3 mln vs 126.5 mln
+  
+
diff --git a/reuters/training/6051 b/reuters/training/6051
new file mode 100644
index 0000000000000000000000000000000000000000..cefe066f8bc816c9093d4fe2e20c0c5d6515ecf0
--- /dev/null
+++ b/reuters/training/6051
@@ -0,0 +1,11 @@
+VIDEO LIBRARY INC <VLVL> 4TH QTR LOSS
+  Shr loss two cts vs profit three cts
+      Net loss 59,299 vs profit 88,843
+      Revs 3,487,693 vs 2,123,488
+      Year
+      Shr profit 25 cts vs loss two cts
+      Net profit 816,395 vs loss 44,541
+      Revs 12.2 mln vs 7,413,328
+      Avg shrs 3,208,472 vs 2,348,559
+  
+
diff --git a/reuters/training/6054 b/reuters/training/6054
new file mode 100644
index 0000000000000000000000000000000000000000..ca822a0b723f5a47f7f0ae1486c66d93f13800c5
--- /dev/null
+++ b/reuters/training/6054
@@ -0,0 +1,14 @@
+CHEMIE LINZ EXPECTS SHARPLY HIGHER 1986 LOSS
+  State-owned <Chemie Linz AG> is
+  likely to record a 1986 loss of some 600 mln schillings
+  compared with a 340 mln loss in 1985, a company spokesman said.
+      Falling sales and lower world prices of fertilisers were
+  largely responsible for the sharp increase, along with the
+  effects of the dollar's fall which has helped to give U.S.
+  Fibre producers a competitive edge, he told Reuters.
+      The firm would have made a small profit in 1985 had it not
+  been for 456 mln schillings lost by subsidiary <Merx
+  HandelsgesmbH> on oil trading. Merx has since withdrawn from
+  the oil market. The firm will announce 1986 results in July.
+  
+
diff --git a/reuters/training/6055 b/reuters/training/6055
new file mode 100644
index 0000000000000000000000000000000000000000..57e782fec8959b96114c4d38a8650dafcc3c1f61
--- /dev/null
+++ b/reuters/training/6055
@@ -0,0 +1,6 @@
+<CABRE EXPLORATION LTD> SIX MTHS JAN 31 NET
+  Shr 13 cts vs 13 cts
+      Net 617,000 vs 604,000
+      Revs 1,889,000 vs 1,920,000
+  
+
diff --git a/reuters/training/6056 b/reuters/training/6056
new file mode 100644
index 0000000000000000000000000000000000000000..2e33eb358d628bf106c0a4eb7cca5000b9e16cf5
--- /dev/null
+++ b/reuters/training/6056
@@ -0,0 +1,14 @@
+DUDLEY TAFT RAISES BID FOR TAFT BROADCASTING<TFB>
+  Dudley Taft and Narragansett
+  Capital Inc said it was prepared to raise its bid to acquire
+  Taft Broadcasting Co to more than 150 dlrs per share.
+      Taft, through Theta Co, sent and letter to Taft's board of
+  directors stating he was committed to purchasing the
+  broadcasting company and was ready to discuss all aspects of
+  the purchase.
+      The company said items to be discussed included price,
+  structure and form of consideration. Taft said he was prepared
+  to negotiate a transaction in which Taft Broadcast shareholders
+  would receive in excess of 150 dlrs per share.
+  
+
diff --git a/reuters/training/6058 b/reuters/training/6058
new file mode 100644
index 0000000000000000000000000000000000000000..4b00f560d23d71e19950f3d141a34f2a2375aa8f
--- /dev/null
+++ b/reuters/training/6058
@@ -0,0 +1,21 @@
+EC OILS TAX NO LONGER MAJOR ISSUE - ASSOCIATION
+  The proposed European Community (EC) tax
+  on vegetable oils and fats is no longer a major issue on the
+  agenda and the EC Commission merely used it as a threat, the
+  West German Feed Stuffs Industry Association (MFI) said.
+      Association chairman Ulrich Wagner told a news conference
+  the West German feed industry believes the EC does not
+  seriously contemplate the introduction of such a tax because it
+  would end in another transatlantic trade war.
+      "We have just avoided a trade conflict with the U.S. And the
+  Commission used the tax threat to calm national farm lobbies."
+      American Soybean Association (ASA) president-elect Wayne
+  Bennett said yesterday in The Hague that U.S. Soybean producers
+  were confident the tax would be rejected.
+      Bennett, who is leading one of three soybean delegations on
+  a lobbying tour of EC capitals, will also visit Bonn on
+  Thursday and Friday.
+      There are indications the Bonn government will also reject
+  the proposed tax, Wagner said.
+  
+
diff --git a/reuters/training/6059 b/reuters/training/6059
new file mode 100644
index 0000000000000000000000000000000000000000..9f0a944c86b1f54f417d4c1378eb90fcf0660002
--- /dev/null
+++ b/reuters/training/6059
@@ -0,0 +1,12 @@
+ALLWASTE <ALWS> TO BUY RELATED COMPANY
+  Allwaste Inc said it entered into an
+  agreement in principle to acquire all the outstanding common of
+  a related air-moving and industrial services company. It did
+  not disclose the name of the company.
+      Allwaste, which preforms air-moving and related services,
+  said it will swap shares of its common, valued at 2.6 mln dlrs,
+  with the company it is acquiring.
+      It said the acquisition is subject to negotiation of a
+  final agreement.
+  
+
diff --git a/reuters/training/6060 b/reuters/training/6060
new file mode 100644
index 0000000000000000000000000000000000000000..e4983165e23afd5bbcbd52953ea63f7af2b53e3d
--- /dev/null
+++ b/reuters/training/6060
@@ -0,0 +1,43 @@
+EXXON <XON> MAY CLOSE ONE FRENCH REFINERY
+  Exxon Corp, the world's largest oil
+  company, said in a published interview today that it was
+  reviewing its worldwide refinery operations and might decide to
+  close on of its french refineries.
+      Lee R. Raymond, Exxon's new president, singled out the
+  possibility of a closure of one of Exxon's refineries in France
+  during the interview.
+      An Exxon spokeswoman confirmed that Raymond had
+  specifically mentioned refineries in France but said that no
+  specific refinery had been named. She also said that all of
+  Exxon's opertations were under constant review.
+      Exxon currently has two refineries in France, FOS in the
+  mediterranean with a capcity of 175,000 barrels per day and
+  Port Jerome west of paris with a similar capacity.
+      Petroleum Intelligence Weekly, an influential trade
+  journal, said, in its current issue, that they understood that
+  Exxon was looking at the possibility of refinery closures in
+  Antwerp, Southern France or possibly Italy.
+      Paul Mlotok, oil analyst with Salomon Brothers inc said
+  that with the closures Exxon made in 1986 in Europe and the
+  improvement in the European refining situation, its future
+  profits there should be good.
+      "Exxon and other major oil companies have closed a bunch of
+  refineries in Europe, upgraded the rest and shaken many of the
+  indepedents out of the market. Now with demand for products
+  rising and efficient operations, Exxon should show superior
+  earnings," Mlotok said.
+      "Just after Royal Dutch <RD>, they are seen as one of the
+  highest grade refiners in Europe," he added.
+      Industry sources said that the oil companies were likely to
+  feel greater pressure on their operations in Southern Europe
+  where competition from the OPEC countries is increasing as
+  these producers move further into downstream operations.
+      PIW said that refiners in the Mediterranean can expect
+  increased shipments from Saudi Arabia and other OPEC export
+  refineries.
+      PIW said "sales from Libya, Algeria and elsewhere are
+  expected to reclaim markets lost to Italian and other European
+  refiners as a result of the abundance of cheap netback oil last
+  year."
+  
+
diff --git a/reuters/training/6062 b/reuters/training/6062
new file mode 100644
index 0000000000000000000000000000000000000000..2040b9f5b7fdde2ff2fa7ea3d6fe26264a9d02a7
--- /dev/null
+++ b/reuters/training/6062
@@ -0,0 +1,35 @@
+ITALY STANCE ON EC OILS TAX NOT ENCOURAGING-ASA
+  Italy's response to protests by U.S.
+  Soybean producers about the proposed European Community (EC)
+  tax on vegetable oils and fats had not been encouraging,
+  American Soybean Association (ASA) board chairman George
+  Fluegel said.
+      Fluegel, heading one of three U.S. Soybean producer
+  delegations currently on a lobbying tour of EC countries, told
+  Reuters in an interview meetings with officials from the
+  Italian Foreign and Agricultural ministries had not yielded
+  much to encourage hopes that Italy would vote against the
+  proposed tax.
+      Fluegel said his delegation had received a negative
+  response from the Italian Agriculture Ministry, but that the
+  attitude of the Foreign Ministry appeared "more realistic."
+      He said the proposed tax was discriminatory against U.S.
+  Farmers since it was basically asking them to help finance the
+  EC's Common Agricultural Policy (CAP) on oilseeds.
+      Asked which EC countries might be expected to vote against
+  the proposed tax, he said, "Realistically, from the information
+  we're getting, it looks like the English, the Germans,
+  hopefully the Netherlands and Denmark." His delegation also
+  hoped to convince Belgium to vote against the issue, he added.
+      Asked what form he thought U.S. Retaliatory action might
+  take in the event of the EC tax proposal being approved,
+  Fluegel said industrial as well as agricultural products could
+  be involved.
+      U.S. Agriculture Secretary Richard Lyng warned the EC
+  yesterday it would face serious retaliation if it enacted the
+  tax.
+      ASA president-elect Wayne Bennett said yesterday in The
+  Hague American soybean producers were confident the proposed
+  tax would be rejected.
+  
+
diff --git a/reuters/training/6063 b/reuters/training/6063
new file mode 100644
index 0000000000000000000000000000000000000000..18fbc39f3cb72b4ebc65bde04608d64316d1f090
--- /dev/null
+++ b/reuters/training/6063
@@ -0,0 +1,17 @@
+ISRAEL'S FIVE-YEAR PLAN TO BOOST AGRICULTURE
+  Israel has drawn up a five-year plan
+  for 1987-1991 to raise agricultural production by 500 mln dlrs
+  to 2.7 billion dlrs, an annual rise of 3.4 pct, the Israeli
+  Ministry of Agriculture said. Agricultural exports are to be
+  increased by 180 mln dlrs, or 4.8 pct per year on average.
+      The area planted to cotton is to remain at the 1986 level
+  of 100,000 to 112,500 acres with exports expected to bring in
+  80 to 90 mln dlrs per year. The 34 pct decline from the 1985
+  level reflects continued water rationing which will remain in
+  force, the ministry said.
+      Groundnut production is planned to increase by 13,000
+  tonnes, or 57 pct, by 1991 and exports by 9,000 tonnes, or 82
+  pct. Maize production is targetted to rise by 48,000 tonnes, or
+  48 pct, and exports by 34,000 tonnes, or 45 pct.
+  
+
diff --git a/reuters/training/6065 b/reuters/training/6065
new file mode 100644
index 0000000000000000000000000000000000000000..5a82e4adac851f0d18bcbd20bffd7fab8d0ddd54
--- /dev/null
+++ b/reuters/training/6065
@@ -0,0 +1,14 @@
+SOROS GROUP HAS B.F. GOODRICH <GR> STAKE
+  An investor group led by New York
+  investor George Soros said it acquired a 6.1 pct stake in B.F.
+  Goodrich Co common stock as an investment.
+      The group said it paid about 69 mln dlrs for the 1,389,600
+  Goodrich shares, which are being held by Quantum Fund N.V., a
+  Netherlands Antilles investment firm advised by Soros.
+      It said all the shares were bought between Dec. 29 and
+  March 9.
+      The group said it reserved the future right to buy
+  additional shares and to formulate other purposes or plans
+  regarding its Goodrich investment.
+  
+
diff --git a/reuters/training/6067 b/reuters/training/6067
new file mode 100644
index 0000000000000000000000000000000000000000..2724319a2bdce1aaacce746354746a01212c55b0
--- /dev/null
+++ b/reuters/training/6067
@@ -0,0 +1,14 @@
+BALDRIGE PREDICTS SOLID U.S. HOUSING GROWTH
+  Commerce Secretary Malcolm Baldrige
+  predicted 1987 will be the fifth successive year for growth in
+  housing starts after a 2.6 pct rise overall in February starts
+  to a seasonally adjusted annual rate of 1.851 mln units.
+      "This year should be the fifth solid year in a row for
+  homebuilding activity -- with single-family units stronger than
+  multi-family units," he said in a statement.
+      Single-family starts rose last month from January levels by
+  5.6 pct to 1.317 mln units on a seasonally adjusted basis while
+  multi-family unit starts fell 4.1 pct to 534,000 units, the
+  department reported.
+  
+
diff --git a/reuters/training/6068 b/reuters/training/6068
new file mode 100644
index 0000000000000000000000000000000000000000..412194cc6f7a86bc94aecf2d533015c271b0695f
--- /dev/null
+++ b/reuters/training/6068
@@ -0,0 +1,5 @@
+TAFT BROADCASTING SAYS IT WILL CONTINUE TO REVIEW OPTIONS IN RESPONSE TO LATEST BID
+
+  TAFT BROADCASTING SAYS IT WILL CONTINUE TO REVIEW OPTIONS IN RESPONSE TO LATEST BID
+  
+
diff --git a/reuters/training/6069 b/reuters/training/6069
new file mode 100644
index 0000000000000000000000000000000000000000..dc837a6645bf3b5058b20523ca500f57832193a8
--- /dev/null
+++ b/reuters/training/6069
@@ -0,0 +1,5 @@
+COURT ENJOINS ZICO INVESTMENT'S TENDER FOR BANCROFT CONVERTIBLE FUND
+
+  COURT ENJOINS ZICO INVESTMENT'S TENDER FOR BANCROFT CONVERTIBLE FUND
+  
+
diff --git a/reuters/training/6070 b/reuters/training/6070
new file mode 100644
index 0000000000000000000000000000000000000000..394af86ec007f90cd01b44a266373d5d3396e4a4
--- /dev/null
+++ b/reuters/training/6070
@@ -0,0 +1,14 @@
+STEINHARDT GROUP HAS 6.6 PCT OF HOLIDAY <HIA>
+  A group led by New York investor
+  Michael Steinhardt told the Securities and Exchange Commission
+  it bought a 6.6 pct stake in Holiday Corp common stock as an
+  investment.
+      The group said it paid 114 mln dlrs for its 1.6 mln Holiday
+  shares, 530,000 of which were bought since Feb. 6.
+      At the same time, group members said they held short
+  positions in the stock totaling 830,000 shares.
+      In addition to Steinhardt himself, the group includes
+  Steinhardt Partners and Institutional Partners, two investment
+  firms of which Steinhardt is one of the general partners.
+  
+
diff --git a/reuters/training/6073 b/reuters/training/6073
new file mode 100644
index 0000000000000000000000000000000000000000..88756f6ff6c211c717f9893d2b490521f93716b7
--- /dev/null
+++ b/reuters/training/6073
@@ -0,0 +1,13 @@
+SCOR U.S. CORP <SURE> 4TH QTR NET
+  Oper shr 29 cts vs 22 cts
+      Oper net 3.9 mln vs 1.8 mln
+      Year
+      Oper shr 63 cts vs four cts
+      Oper net 10.1 mln vs 855,000
+      NOTE: Excludes gain one ct per share vs loss two cts in the
+  quarter, and gain 41 cts per share vs gain six cts in the year
+  from investments. Also excludes extraordinary gain of one ct
+  per share in fourth quarter 1985, and gain of one ct per share
+  vs one ct in the full year period.
+  
+
diff --git a/reuters/training/6075 b/reuters/training/6075
new file mode 100644
index 0000000000000000000000000000000000000000..19a127f6b88618b51a916cabd400baf807e65fcd
--- /dev/null
+++ b/reuters/training/6075
@@ -0,0 +1,21 @@
+GENSTAR SALE BOOSTS BELGIAN SOCIETE GENERALE NET
+  Societe Generale de Belgique <BELB.BR>
+  said the near doubling of net profits in 1986 was due in large
+  part to the sale of shares in Genstar Corp.
+      The company, which announced a net non-consolidated profit
+  of 5.31 billion francs compared with 2.82 billion in 1985, said
+  its current profits rose by 19 pct last year, without giving
+  further figures.
+      However, it added in a statement that the company made
+  major capital gains on sales during the year, in particular
+  from the sale of Genstar shares.
+      Societe Generale governor Rene Lamy told last November's
+  annual meeting that 1986 asset disposals would total around 4.5
+  billion francs, including the sale of Genstar shares to Imasco
+  Limited <IMS.TO>.
+      He predicted a profit on extraordinary items of two billion
+  francs after a rough balance in 1985.
+      In today's statement, Societe Generale gave no figures for
+  extraordinary gains.
+  
+
diff --git a/reuters/training/6078 b/reuters/training/6078
new file mode 100644
index 0000000000000000000000000000000000000000..f5d745652ed54d319af96f0d439948c4ea34ebed
--- /dev/null
+++ b/reuters/training/6078
@@ -0,0 +1,7 @@
+WESTERBEKE CORP <WTKB> 1ST QTR JAN 31 LOSS
+  Shr loss 11 cts vs profit six cts
+      Net loss 217,200 vs profit 83,200
+      Revs 3,564,200 vs 3,171,900
+      Avg shrs 2,033,750 vs 1,334,950
+  
+
diff --git a/reuters/training/6079 b/reuters/training/6079
new file mode 100644
index 0000000000000000000000000000000000000000..f16726a10638d0c24faa0b86e29d5db8c6c5c581
--- /dev/null
+++ b/reuters/training/6079
@@ -0,0 +1,32 @@
+U.S. HOUSE TARGETING PROPOSAL SPARKS INTEREST
+  A proposal by two U.S. House
+  Democrats to target government farm benefits to small- and
+  medium-sized farms was warmly received by Democrats on a
+  House subcommittee today.
+      "On balance, this is the best new idea I have seen," said
+  Rep. Dan Glickman (D-Kan.), Chairman of the House Agriculture
+  Subcommittee on Wheat, Feedgrains and Soybeans. "This is the
+  first hard constructive proposal coming out as an alternative
+  to the (Reagan) administration's farm proposal."
+      The plan, offered by Reps. Tim Penny (D-Minn.) and Byron
+  Dorgan (D-ND), would raise target prices for wheat to 5.00 dlrs
+  per bushel and for corn to 3.50 dlrs. Producers could receive
+  deficiency payments on up to 80 pct of normal yield but not
+  more than on 30,000 bu of corn and 20,000 bu of wheat.
+      The proposal also would require acreage reductions of 20
+  pct, eliminate generic certificates and prohibit persons not
+  actively engaged in farming from receiving program benefits.
+      Dorgan said the bill would save 24 billion dlrs over five
+  years, protect family farms and eliminate government
+  accumulation of stocks because nonrecourse loans would be
+  halted.
+      However, Rep. Pat Roberts (R-Kan.) said the measure would
+  "involve the federal government in deciding and defining who a
+  family farmer is."
+      Roberts said the bill, for example, would restrict program
+  payments to 500 acres of wheat production in western Kansas.
+      Other Republicans on the panel questioned how the bill
+  would determine if a person was actively engaged in farming and
+  therefore eligible for payments.
+  
+
diff --git a/reuters/training/6081 b/reuters/training/6081
new file mode 100644
index 0000000000000000000000000000000000000000..9fa2b17bd25cfaffa824b0f43f9beb86bf657a63
--- /dev/null
+++ b/reuters/training/6081
@@ -0,0 +1,13 @@
+EC TO MULL NEW DURUM WHEAT INTERVENTION RULES
+  The European Commission is to consider
+  proposed new higher minimum standards for sales of durum wheat
+  into intervention stores, European Community sources said.
+      They said a document drawn up by Commission officials
+  proposes a reduction in the maximum humidity level to 13 pct
+  from 14, an increase in the minimum weight to 78 kilos per
+  hectolitre from 76, a tightening of other technical standards
+  and introduction of some new ones.
+      Current public stocks of durum wheat in the EC are 1.15 mln
+  tonnes, of which almost 1.12 mln are in Italy.
+  
+
diff --git a/reuters/training/6082 b/reuters/training/6082
new file mode 100644
index 0000000000000000000000000000000000000000..2ccb190cd9972fec03f33da34392648bdce242c1
--- /dev/null
+++ b/reuters/training/6082
@@ -0,0 +1,17 @@
+COURT ENJOINS TENDER FOR BANCROFT <BTV>
+  Bancroft Convertible Fund said the
+  U.S. District Court for the District of New Jersey issued a
+  preliminary injunction, enjoining <Zico Investment Holding
+  Inc's> tender offer for Bancroft.
+      It said the Court order prevents Zico from buying any
+  shares tendered to them during the offer, which began on Feb.
+  17, 1987.
+      In the tender offer blocked by the Court, Zico offered to
+  buy 500,000 shares, or about 22 pct of Bancroft's outstanding
+  stock, for 30 dlrs a share.
+      Previously, Zico had bought 965,000 Bancroft shares for 31
+  dlrs a share, giving it about 28 pct of the company. If the
+  recent offer had gone through, the Zico would have owned
+  slightly more than 50 pct of Bancroft's outstanding shares.
+  
+
diff --git a/reuters/training/6083 b/reuters/training/6083
new file mode 100644
index 0000000000000000000000000000000000000000..a666e6b09b8c482fa0c63820f3899eccb7fb3c88
--- /dev/null
+++ b/reuters/training/6083
@@ -0,0 +1,28 @@
+ZAMBIAN EXCHANGE AUCTION TO RESUME AT END OF MARCH
+  Zambia will reintroduce a modified
+  foreign exchange auction at the end of this month as part of a
+  new two-tier exchange rate, central bank governor Leonard
+  Chivuno said.
+      Chivuno told a press conference at the end of three weeks
+  of negotiations with the International Monetary Fund (IMF) that
+  there would be a fixed exchange rate for official transactions
+  and a fluctuating rate, decided by the auction, for other types
+  of business.
+      The Bank of Zambia previously held weekly auctions to
+  distribute foreign exchange to the private sector and determine
+  the kwacha's exchange rate, but these were suspended at the end
+  of January.
+      President Kenneth Kaunda said at the time that he was
+  suspending the auction system in view of the rapid devaluation
+  and violent fluctations of the exchange rate which had
+  resulted.
+      Business and banking sources said another reason for
+  suspending the auction was that the central bank was low on
+  foreign exchange and was 10 weeks behind in paying successful
+  bidders.    The kwacha stood at 2.2 per dollar when the auction system
+  was first introduced in October 1985, but it slid to around 15
+  per dollar by the time it was suspended 16 months later.
+      Since then, Zambia has operated a fixed exchange rate of
+  about nine kwacha per dollar.
+  
+
diff --git a/reuters/training/6084 b/reuters/training/6084
new file mode 100644
index 0000000000000000000000000000000000000000..9d51d6a11604312efaf511603b92d2b5fa9f5a44
--- /dev/null
+++ b/reuters/training/6084
@@ -0,0 +1,19 @@
+JAMESWAY CORP <JMY> 4TH QTR JAN 31 NET
+  Shr primary 64 cts vs 45 cts
+      Shr diluted 60 cts vs 44 cts
+      Net 4,524,000 vs 3,212,000
+      Revs 202.5 mln vs 171.9 mln
+      Avg shrs primary 7,112,480 vs 7,052,964
+      Avg shrs diluted 8,034,223 vs 8,008,763
+      Year
+      Shr primary 1.70 dlrs vs 1.31 dlrs
+      Shr diluted 1.65 dlrs vs 1.30 dlrs
+      Net 12.1 mln vs 9,252,000
+      Year
+      Revs 612.4 mln vs 523.4 mln
+      Avg shrs primary 7,112,480 vs 7,052,964
+      Avg shrs diluted 8,034,223 vs 7,732,544
+      Note: Includes after-tax LIFO charges of 441,000 dlrs vs
+  359,000 dlrs for qtr and 539,000 dlrs vs 407,000 dlrs for year.
+  
+
diff --git a/reuters/training/6085 b/reuters/training/6085
new file mode 100644
index 0000000000000000000000000000000000000000..af27e71d67c9979ebb8629fb35cf19bcb90b8a43
--- /dev/null
+++ b/reuters/training/6085
@@ -0,0 +1,21 @@
+TAFT <TFB> TO CONTINUE TO REVIEW ALTERNATIVES
+  Taft Broadcasting Co said its
+  board continues to explore alternatives, such as a possible
+  financial restructuring, in response to a Theta Corp offer of
+  150 dlrs per share for Taft stock.
+      Last week Taft rejected a 145 dlr-a-share bid by Theta, an
+  investment group headed by Taft's vice chairman, Dudley Taft.
+      Taft also said the new proposal would be submitted to the
+  board but no decision had been made with respect to the sale of
+  the company.
+      In the proposal, Theta said it was prepared to discuss all
+  aspects of the offer including price, structure and form of
+  consideration and would be prepared to negotiate a transaction
+  in which shareholders would receive a value in excess of 150
+  dlrs per share.
+      Taft said Theta requested that the company cooperate and
+  provide it with information subject to an appropriate
+  confidentiality agreement.
+      The company declined to comment beyond this statement.
+  
+
diff --git a/reuters/training/6086 b/reuters/training/6086
new file mode 100644
index 0000000000000000000000000000000000000000..f25d821ba2cb2cd36289582af0c46bbbc2b31f97
--- /dev/null
+++ b/reuters/training/6086
@@ -0,0 +1,69 @@
+LAWSON OIL TAX BREAKS TO HELP NEW FIELDS - REVENUE
+  Two new U.K. Tax relief measures for oil
+  producers, announced today, are aimed at encouraging
+  developments in the North Sea to go ahead and boost
+  opportunities for the offshore supplies industry, the Inland
+  Revenue said in a post-budget statement.
+      Earlier, Chancellor of the Exchequer Nigel Lawson announced
+  in his annual budget to Parliament that from today, companies
+  will be allowed to offset up to 10 pct of qualifying
+  development expenditure on certain future oil fields against
+  Petroleum Revenue Tax (PRT).
+      To date, full relief was allowed for expenditure on an
+  individual field itself, when its income stream began, but was
+  not immediately available against other development
+  expenditure, the statement said.
+      The new relief will apply to fields outside the southern
+  basin for which development
+  consent is first given on or after today, and will improve the
+  post-tax economics of new developments and encourage companies
+  to proceed with project which might have been delayed, it said.
+      Lawson also announced that he would henceforth allow
+  certain expenditure on oil related research which does not at
+  present qualify for PRT relief to be offset against PRT
+  liability.
+      This means oil-related expenditure in the U.K. Or on the
+  U.K. Continental shelf, which has not become allowable in a
+  particular field within three years of being incurred, to be
+  allowed against PRT liability in any oil field, the Inland
+  Revenue said.
+      This brings the scope of PRT relief for research costs more
+  in line with corporation tax relief measures, and is planned to
+  encourage general research into ways of reducing field
+  development costs, it said.
+      In due course, the industry should benefit by over 100 mln
+  stg a year, it calculated.
+      The Inland Revenue statement also included other technical
+  measures that Lawson did not comment on in his budget speech.
+      These included measures to allow companies to balance their
+  shares of PRT-exempt oil allowances through reallocation in two
+  past periods of allowance utilisation.
+      Tidier rules on incorrectly allowed PRT expenditure reliefs
+  were announced, while there were also ammendments on rules on
+  corporation tax and Advance Corporation Tax relating to the
+  so-called "ring fence" of activities in the U.K. And its
+  continental shelf. The Finance Bill will have provisions for
+  the implementation of measures announced in November, it said.
+      Gareth Lewis Davies, a North Sea expert with stockbrokers
+  Wood Mackenzie and Co Inc in Edinburgh, thought the two reliefs
+  on PRT would help the depressed offshore industry.
+      He said the 10 pct cross field allowance relief would
+  favour chances that development of smaller North Sea fields
+  such Osprey, Don and Arbroath would be brought forward.
+      Early development of the larger Miller and Bruce oil fields
+  might also be encouraged, he said.
+      Lewis Davies said the measure might also aid the offshore
+  construction industry, which suffered a huge amount of lay-offs
+  under the price slump of more than 50 pct last year.
+      He pointed out that the relief only applies to the
+  development of new fields outside the Southern Basin.
+      This means more jobs could be created, as the fields in the
+  central and northern sectors of the North Sea are deeper than
+  in the south and thus have greater capital and labour
+  requirements as the waters are deeper than in the south.
+      He said the PRT relief for certain research expenditure
+  would help fundamental research in the oil industry, although
+  the benefits of this research would not be seen for several
+  year.
+  
+
diff --git a/reuters/training/6088 b/reuters/training/6088
new file mode 100644
index 0000000000000000000000000000000000000000..31daecb49d88f2b9abe87add50d6ca69f486b287
--- /dev/null
+++ b/reuters/training/6088
@@ -0,0 +1,9 @@
+SHONEY'S INC <SHON> 1ST QTR FEB 15 NET
+  Shr 31 cts vs 27 cts
+      Qtly div four cts vs four cts prior
+      Net 11.4 mln vs 9,905,528
+      Revs 194.3 m ln vs 171.7 mln
+      Note: Qtly div is payable April 22 to shareholders of
+  record April three.
+  
+
diff --git a/reuters/training/6090 b/reuters/training/6090
new file mode 100644
index 0000000000000000000000000000000000000000..72dd2277f4581d90cd9242e0220a731614437080
--- /dev/null
+++ b/reuters/training/6090
@@ -0,0 +1,52 @@
+ATT-PHILIPS BID FOR CGCT OUTLINED
+  American Telephone and Telegraph Co and
+  Philips Telecommunications BV (APT) would hold 36 pct through
+  direct and indirect holdings in France's <Cie Generale de
+  Constructions Telephoniques> if a joint bid with French
+  partners for the soon-to-be-privatised firm succeeds, a
+  director at one of the partner firms said.
+      Marc Mathieu of <Societe Anonyme de Telecommunications>
+  SAT, told journalists the bid foresaw a direct stake of 20 pct
+  for APT, the joint firm set up by the U.S.'s ATT <T.N.> and the
+  NV Philips Gloeilampenfabrieken <PGLO.AS>.
+      The other 80 pct would be owned by a holding company made
+  up of SAT, APT, Cie du Midi <MCDP.PA> and five mutual funds.
+     Under French law, foreign investors are restricted to a 20
+  pct direct stake in privatised companies but can boost their
+  stake to 40 pct through indirect holdings.
+      The make-up of the holding company, however, is subject to
+  close discussions within the government due to legal queries
+  over the nationality of the mutual funds, a Finance Ministry
+  official said.
+      Although bought by French citizens they are managed by
+  foreign banks <Morgan Guaranty Trust Co of New York> and
+  <Banque de Neuflize, Schlumberger, Mallet SA>, controlled by
+  Algemene Bank Nederland NV <ABNN.AS>, an SAT spokesman said.
+      CGCT, which controls 16 pct of the French public telephone
+  switching market, is to be sold by the government for 500 mln
+  francs by private tender.
+      Five groups are bidding for the company and the government
+  has said it will choose CGCT's new owner by the end of April.
+      APT vice-president Wim Huisman told a news conference a
+  capital increase was envisaged if SAT-APT wins CGCT, but
+  declined to give details or say how an increase would affect
+  foreign stakes in CGCT.
+      In 1985, CGCT posted losses of 200 mln francs on sales of
+  three billion after 1984 losses of 997 mln francs.
+      A joint SAT-APT statement added that buyers were committed
+  to investing 240 mln francs in CGCT research and production
+  plants. The APT-SAT offer includes a provision for CGCT to
+  produce APT 5ESS-PRX switching technology and adapt it to
+  French standards.
+      The tender was launched after a 1985 draft agreement for
+  ATT to take over CGCT was abandoned following the introduction
+  of the French government privatisation laws which reopened
+  bidding among a wider range of applicants.
+      Other candidacies to take over CGCT include West Germany's
+  Siemens AG <SIEG.F> allied with Schneider SA <SCHN.PA>
+  subsidiary Jeumont-Schneider, Sweden's Telefon AB LM Ericsson
+  <ERIC.ST> allied with Matra <MATR.PA> and Bouygues SA
+  <BOUY.PA>, Italy's <Italtel>, and Canada's Northern Telecom Ltd
+  <NTL.TO>.
+  
+
diff --git a/reuters/training/6091 b/reuters/training/6091
new file mode 100644
index 0000000000000000000000000000000000000000..51552f598a4c4505248d5de57d11380dc8680a19
--- /dev/null
+++ b/reuters/training/6091
@@ -0,0 +1,53 @@
+ANALYSTS SEE EARLY ONE POINT CUT IN U.K. BASE RATE
+  British bank base lending rates are
+  likely to fall by as much as one full point to 9-1/2 pct this
+  week following the sharp three billion stg cut in the U.K.
+  Central government borrowing target to four billion stg set in
+  today's 1987 budget, bank analysts said.
+      The analysts described Chancellor of the Exchequer Nigel
+  Lawson's budget as cautious, a quality which currency and money
+  markets had already started to reward.
+      Sterling surged on foreign exchange markets and money
+  market interest rates moved sharply lower as news of the budget
+  measures came through, the analysts said.
+      Lloyds merchant bank chief economist Roger Bootle said he
+  expected base rates to be cut by one full point tomorrow.
+      "This is very much a safety-first budget in order to get
+  interest rates down," he said.
+      Bootle said the money markets had almost entirely
+  discounted such a one point cut, with the key three month
+  interbank rate down to 9-11/16 pct from 9-13/16 last night, and
+  it would be rather conservative for banks to go for a
+  half-point cut now.
+      Midland Bank treasury economist David Simmonds said he,
+  too, expected base rates would be a full point lower by Friday,
+  but this would likely happen via two half-point cuts.
+      "This budget is designed to please both the markets and the
+  electorate. The implications for interest rates are very
+  favourable, we could have a half-point cut tomrorow and another
+  such cut before the end of the week," Simmonds said.
+      Pointing to buoyant U.K. Retail data released yesterday, he
+  said Lawson had done well to resist pressures for a sharp cut
+  in income tax rates at the expense of a lower borrowing target.
+  "There is no real need to boost private consumption," he said.
+      National Westminster Bank chief economist David Kern said
+  the lower borrowing target set in the budget had increased the
+  likelihood of an early one-point base rate cut.
+      Kern said the budget would have to be analysed carefully,
+  in particular to see how exactly Lawson planned to achieve the
+  sharper than expected borrowing target cut, before a one-point
+  base rate cut could be implemented.
+   But providing the budget small-print was convincing, "and I
+  suspect it will be, it is entirely possible that we see one
+  point off base rates by the end of this week," Kern said.
+      Bootle of Lloyds said the expected base rate cut would pave
+  the way for an early one-point cut in mortgage lending rates.
+  This would help achieve Lawson's lower than expected consumer
+  price inflation target of four pct at end-1987, he said.
+      U.K. Base rates were cut last week to 10-1/2 pct from 11
+  pct after sustained pressure from the foreign exchange, money
+  and government bonds (gilts) markets.
+      But building societies said they would not cut lending
+  rates until base rates had fallen by one full point.
+  
+
diff --git a/reuters/training/6092 b/reuters/training/6092
new file mode 100644
index 0000000000000000000000000000000000000000..7e539428b2eb76ee118db18f448b492be3cc31f9
--- /dev/null
+++ b/reuters/training/6092
@@ -0,0 +1,14 @@
+TOUSSIE GROUP SELLS HECK'S <HEX> SHARES
+  A shareholder group led by New York
+  investor Robert Toussie told the Securities and Exchange
+  Commission it sold off most of its holdings in Heck's Inc
+  common stock but reserved the right to again seek control of
+  the company in the future.
+      The group, which includes the Edward A. Viner and Co
+  brokerage, said it sold 579,600 shares since March 5, leaving
+  it with 157,000 shares or 1.8 pct of the total outstanding.
+      The group had proposed a takeover of Heck's in September
+  but later withdrew the offer, and Heck's on March 5 filed for
+  protection from its creditors under federal bankruptcy law.
+  
+
diff --git a/reuters/training/6093 b/reuters/training/6093
new file mode 100644
index 0000000000000000000000000000000000000000..3c40ec9bfeb341502b573654628ed36f949b39ed
--- /dev/null
+++ b/reuters/training/6093
@@ -0,0 +1,10 @@
+CYCLOPS <CYL> HOLDER WITHDRAWS TAKEOVER MOTION
+  <Dixons Group PLC>, which is in a
+  battle with <CYACQ Corp> for control of Cyclops Corp, said a
+  Cyclops shareholder had agreed to withdraw a motion in U.S.
+  District Court to prevent Dixons from completing its tender
+  offer for Cyclops, which expires 2400 EST today.
+      Dixons did not name the shareholder and did not disclose
+  the holder's stake in Cyclops.
+  
+
diff --git a/reuters/training/6094 b/reuters/training/6094
new file mode 100644
index 0000000000000000000000000000000000000000..0053fbce04f77e54af2d2e693f45894e3bf97d65
--- /dev/null
+++ b/reuters/training/6094
@@ -0,0 +1,9 @@
+<NOMA INDUSTRIES LTD> YEAR NET
+  Shr 72 cts vs 58 cts
+      Net 20.8 mln vs 14.9 mln
+      Revs 328.7 mln vs 239.8 mln
+      Avg shrs 28.9 mln vs 25.7 mln
+      Note: Prior year shr restated for June, 1986 two-for-one
+  stock split
+  
+
diff --git a/reuters/training/6096 b/reuters/training/6096
new file mode 100644
index 0000000000000000000000000000000000000000..c50c155453f24e2f87e8ab3c19dec8a198368552
--- /dev/null
+++ b/reuters/training/6096
@@ -0,0 +1,13 @@
+FIRM HAS COOPERVISION <EYE> STOCK, WILL BUY MORE
+  Siebel Capital Management Inc, a
+  California investment adviser, told the Securities and Exchange
+  Commission (SEC) it bought 1.3 mln CooperVision Inc common
+  shares or 5.9 pct of the total outstanding.
+      In its SEC filing, the firm said it "intends to acquire more
+  stock and may attempt to influence management of the company to
+  make major changes in the company's business or corporate
+  structure."
+      Siebel said it made net purchases of 163,200 CooperVision
+  shares since Jan. 1.
+  
+
diff --git a/reuters/training/6101 b/reuters/training/6101
new file mode 100644
index 0000000000000000000000000000000000000000..9d51ea477a117ea4ae8e80af53bda7e7605ec348
--- /dev/null
+++ b/reuters/training/6101
@@ -0,0 +1,13 @@
+AMERICAN CYANAMID <ACY> BUYS U.K. COMPANY
+  American Cyanamid Co said it bought
+  the 50 pct interest of Cyanamid Fothergill Ltd held by
+  <Fothergill and Harvey PLC>, making the unit a wholly owned
+  subsidiary.
+      The unit manufactures structural materials, including
+  advanced composites, adhesives, and aluminum honeycomb for the
+  European space industry.
+      The current management will remain in place and the unit
+  will continue at its locations in Wrexham, U.K., the company
+  said.
+  
+
diff --git a/reuters/training/6102 b/reuters/training/6102
new file mode 100644
index 0000000000000000000000000000000000000000..bdb3071827d826d0ae0044204b5828c06f587050
--- /dev/null
+++ b/reuters/training/6102
@@ -0,0 +1,6 @@
+NOEL INDUSTRIES INC <NOL> 1ST QTR JAN 31 LOSS
+  Shr loss 26 cts vs loss 12 cts
+      Net loss 289,649 vs loss 138,372
+      Revs 5,944,286 vs 5,902,074
+  
+
diff --git a/reuters/training/6103 b/reuters/training/6103
new file mode 100644
index 0000000000000000000000000000000000000000..cc8b3f451b6973227a4411d9449bf113453ac279
--- /dev/null
+++ b/reuters/training/6103
@@ -0,0 +1,12 @@
+GROUP BOOSTS GELCO <GEL> STAKE TO 8.2 PCT
+  An investor group including New
+  York-based Mutual Shares Corp and Mutual Qualified Income Fund
+  Inc told the Securities and Exchange Commission it raised its
+  stake in Gelco Corp common stock to 575,859 shares or 8.2 pct
+  of the total outstanding.
+      The group said its most recent purchases included 241,000
+  shares bought between January 21 and March 10.
+      The group said it purchased the shares for investment
+  purposes.
+  
+
diff --git a/reuters/training/6104 b/reuters/training/6104
new file mode 100644
index 0000000000000000000000000000000000000000..a01610eb39d63eb2539c5d72d033017a1bef6eae
--- /dev/null
+++ b/reuters/training/6104
@@ -0,0 +1,17 @@
+OSHMAN'S SPORTING GOODS INC <OSHM> 4TH QTR NET
+  Qtr ended Jan 31
+      Shr 92 cts vs 1.28 dlrs
+      Net 5,415,000 vs 7,730,000
+      Revs 114.2 mln vs 112.9 mln
+      Avg shrs 5,864,000 vs 6,030,000
+      Year
+      Shr 45 cts vs 1.40 dlrs
+      Net 2,664,000 vs 8,536,000
+      Revs 322.9 mln vs 312.3 mln
+      Avg shrs 5,885,000 vs 6,105,000
+     
+      Note: Net includes LIFO gains of 48,000 dlrs vs 118,000
+  dlrs for qtr and charges of 257,000 dlrs vs 225,000 dlrs for
+  year.
+  
+
diff --git a/reuters/training/6105 b/reuters/training/6105
new file mode 100644
index 0000000000000000000000000000000000000000..36c10c0d8d2635a1fc7bc8b4f7b88bd3ad2bcb87
--- /dev/null
+++ b/reuters/training/6105
@@ -0,0 +1,13 @@
+UNIVERSITY PATENTS INC <UPT> 2ND QTR JAN 31 NET
+  Oper shr 24 cts vs 19 cts
+      Oper net 1,096,332 vs 794,711
+      Revs 803,085 vs 442,420
+      Six mths
+      Oper shr 53 cts vs 43 cts
+      Oper net 2,375,844 vs 1,741,437
+      Revs 1,471,257 vs 768,683
+      NOTE: Prior year excludes income from discontinued
+  operations of 19 cts per share in the quarter and 17 cts per
+  share in the year.
+  
+
diff --git a/reuters/training/6106 b/reuters/training/6106
new file mode 100644
index 0000000000000000000000000000000000000000..1a4ee2dd3ee7a73a7b43689d65fae76b8340e762
--- /dev/null
+++ b/reuters/training/6106
@@ -0,0 +1,7 @@
+FREEDOM FEDERAL <FRFE> SETS INITIAL PAYOUT
+  Freedom Federal Savings Bank
+  said it voted its first cash dividend of 10 cts a share,
+  payable April 10, record March 31.
+      The 1987 annual dividend will be 40 cts a share, it said.
+  
+
diff --git a/reuters/training/6107 b/reuters/training/6107
new file mode 100644
index 0000000000000000000000000000000000000000..46f8d7cad9b5d45c0fa1693fdce53461235cc328
--- /dev/null
+++ b/reuters/training/6107
@@ -0,0 +1,9 @@
+HOSPITAL STAFFING SERVICES <HSSI> 1ST QTR NET
+  Qtr ends Feb 28
+      Shr six cts vs three cts
+      Net 189,683 vs 80,499
+      Revs 2,874,930 vs 2,594,474
+      NOTE: Full name Hospital Staffing Services Inc.
+      Prior year includes extraordinary gain of one ct per share.
+  
+
diff --git a/reuters/training/6108 b/reuters/training/6108
new file mode 100644
index 0000000000000000000000000000000000000000..f9c4056049e332c52baf52b004150891c6d1fc93
--- /dev/null
+++ b/reuters/training/6108
@@ -0,0 +1,69 @@
+DOLLAR VALUE APPROPRIATE, BUNDESBANK OFFICIAL SAYS
+  The dollar is near appropriate levels
+  against European currencies and the yen, and a further fall
+  could damage confidence in the currency while endangering world
+  economic growth, a top Bundesbank official said.
+      Board member Leonhard Gleske also told a Forex Association
+  conference current exchange rates of major currencies "can be
+  viewed as equilibrium levels in a medium-term perspective."
+      He said the recent Paris agreement on currency
+  stabilisation and policy coordination between the Group of Five
+  and Canada may herald "an era of greater exchange rate
+  stability."
+      The Paris agreement was not, however, an attempt to set up
+  permanent target zones for exchange rates, Gleske stressed,
+  adding such targets would be extremely difficult to agree and
+  enforce on an international level.
+      "At present levels the dollar can no longer be considered
+  grossly overvalued in relation to the European currencies and
+  the yen," Gleske said.
+      He said the dollar had fallen much less against currencies
+  of important trading nations such as Canada, Korea, Taiwan and
+  Hong Kong, and further falls there may still be necessary.
+      But "a further dollar depreciation against major European
+  currencies and the yen may not be the best way to restore the
+  dollar to a fully competitive position, as measured by its
+  weighted external value," he said.
+     In fact, a further marked decline in the dollar rate would
+  hold two major dangers, Gleske said.
+      First, in countries with large balance of payments
+  surpluses such as Japan and West Germany, it threatened to
+  hamper economic growth and thus slow down the expansion of real
+  income and domestic expenditure necessary to wipe out
+  surpluses.
+      Second, in the United States, it could damage investors'
+  confidence in the dollar and thus reduce their willingness to
+  finance huge fiscal and external payments deficits, Gleske
+  said.
+      Gleske also was strongly sceptical that an international
+  system of binding target zones for currencies, fluctuating in
+  narrow bands against each other, can be established. Such
+  targets threatened to cause policy conflicts, "both within
+  countries and between them."
+      For instance, the U.S. Reliance on foreign capital to fund
+  its deficits requires interest rates there be set at high
+  levels, but domestic considerations call for low ones.
+      If target zones were established, this would put "pressure
+  on other countries to reduce their interest rates even more,
+  even though this may be in conflict with their own domestic
+  situation and priorities," he said.
+      Gleske added, "targeting the exchange rate even within a
+  wide margin will meet with serious objections where there is a
+  clearly perceived potential for conflict between domestic and
+  external policy priorities."
+      Commenting on the Paris currency accord, Gleske said its
+  chances of stabilising exchange rates rested heavily on current
+  interest rate differentials being maintained.
+      These chances "seem to me to rest critically on the
+  expectation that the current configuration of interest rates,
+  and the monetary policies behind them, will assure smooth
+  financing of current account imbalances in the months ahead."
+      Gleske said past experience of currency adjustments had
+  learned "that markets are inclined to be impatient and will thus
+  tend to overshoot." He said this "would seem to be unnecessary
+  and should be avoided if at all possible."
+      Monetary policies can help achieve this, but only if
+  markets believe that pledged changes in fiscal policies will
+  lead to balanced international payments, he said.
+  
+
diff --git a/reuters/training/6111 b/reuters/training/6111
new file mode 100644
index 0000000000000000000000000000000000000000..7f764f6a63442ed7aeade2f3dc1f87ffdf2a268c
--- /dev/null
+++ b/reuters/training/6111
@@ -0,0 +1,13 @@
+PLAINS <PLNS> POSTS RESERVES INCREASES
+  Plains Resources Inc said that as
+  of December 31, its estimated proved oil and gas reserves rose
+  by 27 pct to 5.43 mln barrels from 4.27 mln barrels and proved
+  developed reserves rose 16 pct to four mln barrels from 3.45
+  mln barrels a year ago.
+      The company said its year end reserves did not include the
+  oil and gas reserves of Houston Oil Fields Co which recently
+  agreed to merge with it, pending shareholder approval in
+  mid-April. If approved, the merger will add another 3.2 mln
+  barrels to the company's reserve base.
+  
+
diff --git a/reuters/training/6113 b/reuters/training/6113
new file mode 100644
index 0000000000000000000000000000000000000000..9c5b2f99fd0f68f8225885c057648465862c4bcc
--- /dev/null
+++ b/reuters/training/6113
@@ -0,0 +1,20 @@
+OSHMAN'S <OSHM> CITES WEAK REGIONAL ECONOMIES
+  Oshman's Sporting Goods Inc said
+  earnings for the fourth quarter ended January 31 were affected
+  by the weak economies of Texas, Oklahoma and Louisiana,
+  resulting in a drop in net earnings to 5,415,000 dlrs or 92 cts
+  a share from 7,730,000 dlrs or 1.28 dlrs a share for the
+  year-ago quarter.
+      The company also said sales on the West Coast were hurt by
+  late snows and poor skiing conditions.
+      Same-store sales declined 3.2 pct for the quarter and 2.2
+  pct for the year.
+      For the full year, Oshman's net earnings fell to 2,664,000
+  dlrs or 45 cts a share, from 8,536,000 dlrs or 1.40 dlrs a
+  share.
+      In 1986, the company said it opened nine stores and closed
+  three.
+      At year-end, the company said it was operating 188 Oshman's
+  stores and 27 Abercrombie and Fitch stores.
+  
+
diff --git a/reuters/training/6114 b/reuters/training/6114
new file mode 100644
index 0000000000000000000000000000000000000000..200fefbf653608b2cd9344774d76eabc9d2a1899
--- /dev/null
+++ b/reuters/training/6114
@@ -0,0 +1,23 @@
+CHINA CROP WEATHER SUMMARY -- USDA/NOAA
+  Light, scattered showers covered
+  winter wheat areas in the North China Plain in the week ended
+  March 14, moistening topsoils for wheat, just breaking dormancy
+  in most central and northern areas, the Joint Agricultural
+  Weather Facility of the U.S. Agriculture and Commerce
+  Departments said.
+      In its International Weather and Crop summary, the agency
+  said southern winter wheat areas are in the early vegetative
+  stage. Above-normal February temperatures over the North China
+  Plain caused winter grains to break dormancy early in the
+  south.
+       Moderate to heavy rains in southern Jiangsu, Anhui,
+  eastern Hebei, Hunan , Jiangxi, Fujian, and Zheziang, reversed
+  February's below normal precipitation pattern.
+      The agency said the wet weather in these areas provided
+  ample moisture for rice planting and lessened the need for
+  irrigation. 
+      Mostly dry weather in early-rice areas of Guanxi and
+  Guandong resulted in irrigation for continued rice planting, it
+  said.
+  
+
diff --git a/reuters/training/6115 b/reuters/training/6115
new file mode 100644
index 0000000000000000000000000000000000000000..ec3bd2d9f0efaef46814413c9c19424b57f0000d
--- /dev/null
+++ b/reuters/training/6115
@@ -0,0 +1,13 @@
+WORTHINGTON INDUSTRIES INC <WTHG> 3RD QTR NET
+  Qtr ended Feb 28
+      Shr 24 cts vs 24 cts
+      Net 10.0 mln vs 10.1 mln
+      Revs 202.8 mln vs 184.6 mln
+      Nine mths
+      Shr 66 cts vs 67 cts
+      Net 27.3 mln vs 27.6 mln
+      Revs 588.2 mln vs 539.2 mln
+      Note: 1986 shr data adjusted for 3-for-2 stock split paid
+  October 1986.
+  
+
diff --git a/reuters/training/6116 b/reuters/training/6116
new file mode 100644
index 0000000000000000000000000000000000000000..c3bbee04dcdcaee26c08dc5705aec235c7205632
--- /dev/null
+++ b/reuters/training/6116
@@ -0,0 +1,16 @@
+BRAZIL CROP WEATHER SUMMARY -- USDA/NOAA
+  Wet weather covered Rio Grande do
+  Sul, Brazil in the week ended March 14, benefitting soybeans
+  which are mostly setting to filling pods, the Joint
+  Agricultural weather Facility of the U.S. Agriculture and
+  Commerce Departments said.
+      In its International Weather and Crop Summary, the agency
+  said minimal precipitation covered soybean areas in Santa
+  Catarina, Parana, and southern Matto Grosso do Sul.
+      Adequate soil moisture in these areas met crop moisture
+  demands, reducing the potential for crop stress, it said.
+      The agency said February precipitation was above normal
+  over most soybean areas of Brazil.
+      Weekly temperatures were below normal, it said.
+  
+
diff --git a/reuters/training/6119 b/reuters/training/6119
new file mode 100644
index 0000000000000000000000000000000000000000..1d0155bf8833edf435791e27c8f45d5a87363e47
--- /dev/null
+++ b/reuters/training/6119
@@ -0,0 +1,29 @@
+U.S. WARNS OF DEPENDENCE ON FOREIGN OIL
+  A White House-ordered report said 
+  that growing U.S. reliance on foreign oil into the year 2000
+  could have potentially damaging implications for national
+  security.
+      The Energy Department study discusses several options to
+  curb reliance on foreign oil, but makes no recommendations.
+      President Reagan and most Congressmen have previously ruled
+  out a tax on foreign oil as a way to curb imports and to help
+  the depressed domestic oil industry.
+      Energy Secretary John Herrington said in a statement that
+  "although we have made gains in energy security in the last six
+  years, this report shows that there is justification for
+  national concern both over declining competitiveness of our
+  domestic oil and gas industry and over rising oil imports."
+      The report said imports last year were 33 pct of U.S.
+  consumption and by the mid-1990s could rise to 50 pct.
+      Among the report's options to ease U.S. reliance on foreign
+  oil are several already advocated by the Reagan Administration.
+      President Reagan ordered the study last September, citing a
+  determination that the country never again become captive to a
+  foreign oil cartel, referring to the OPEC-led oil shortages and
+  sharp prices increases of the 1970s.
+      The report said an import fee would raise prices and help
+  make it economical for U.S. oil firms to find and produce new
+  oil, as well as to cut imports, but on the whole the tax would
+  depress the nation's economy.
+  
+
diff --git a/reuters/training/6120 b/reuters/training/6120
new file mode 100644
index 0000000000000000000000000000000000000000..846e738ef70f5364703ee159886939fa7a6f6c11
--- /dev/null
+++ b/reuters/training/6120
@@ -0,0 +1,6 @@
+VTX ELECRONICS <VTX> SETS SDTOCK SPLIT
+  VTX Electronics Corp said its
+  board declared a five-for-four stock split, payable April Nine
+  to holders of record March 27.
+  
+
diff --git a/reuters/training/6121 b/reuters/training/6121
new file mode 100644
index 0000000000000000000000000000000000000000..a2ebef4d3f0d776d0382babf2200b6c54cb47e9e
--- /dev/null
+++ b/reuters/training/6121
@@ -0,0 +1,28 @@
+COASTAL (CGP) SEES INCREASE IN 1987 PROFITS
+  Coastal Corp said it expected earnings
+  for 1987 "to be significantly above" profits of 71.6 mln dlrs
+  last year.
+      In a letter to shareholders appearing in the company's
+  newly-issued 1986 annual report, Coastal chairman Oscar Wyatt
+  did not elaborate on how much earnings were expected to
+  increase.
+      The 1986 profits of Coastal, a natural gas production and
+  pipeline company, were halved from 1985 levels due to slumping
+  energy prices. The company's sales totaled 6.7 billion dlrs
+  last year.
+      Coastal also said it sold its natural gas for an average
+  price of 2.17 dlrs per mcf in 1986, a drop of 18 pct from the
+  previous year. Oil and natural gas liquids sold for an average
+  14.20 dlrs a barrel in 1986, a reduction of 37 pct.
+      The Houston-based company, which produced a daily average
+  of 120 mln cubic feet of gas and 11,149 barrels of oil, said it
+  had proved reserves at yearend 1986 of 28.6 mln barrels of oil
+  and 954 billion cubic feet of natural gas. Average reserve
+  replacement costs were 8.28 dlrs per barrel of oil equivalent
+  during the past three-year period, representing a little more
+  than half of the industry average, the company said.
+      Coastal's more than 800 gasoline retail outlets were
+  operated profitably during 1986 "and are expected to continue
+  to do so," the company said.
+  
+
diff --git a/reuters/training/6123 b/reuters/training/6123
new file mode 100644
index 0000000000000000000000000000000000000000..7348f36e6eb609ff273519a3aae3af12799ff0c3
--- /dev/null
+++ b/reuters/training/6123
@@ -0,0 +1,12 @@
+(REPAP ENTERPRISES CORP INC) 4TH QTR NET
+  Shr profit 26 cts vs loss nine cts
+      Net profit 10.3 mln vs loss 1.0 mln
+      Revs 208.2 mln vs 123.3 mln
+      Year
+      Shr profit 38 cts vs profit nine cts
+      Net profit 13.0 mln vs profit 2.8 mln
+      Revs 635.5 mln vs 429.3 mln
+      Note: 1986 full year results include extraordinary loss of
+  one mln dlrs or three cts per share.
+  
+
diff --git a/reuters/training/6124 b/reuters/training/6124
new file mode 100644
index 0000000000000000000000000000000000000000..cd058e6338f2073259073820bee4e32cb9118acf
--- /dev/null
+++ b/reuters/training/6124
@@ -0,0 +1,13 @@
+NORSTAR <NOR> SETS ACQUISITION FOR STOCK
+  Norstar Bancorp said it has agreed
+  in principle to acquire United National Bank of Callicoon,
+  N.Y., by exchanging three Norstar common shares for each of the
+  201,660 United shares outstanding.
+      Based on the recent price of Norstar's stock, it said, the
+  proposed tax-free exchange would have a market value of about
+  20 mln dlrs.
+      Norstar said the acquisition is subject to approval by
+  United's holders and state and federal regulators. United has
+  assets of 90 mln dlrs.
+  
+
diff --git a/reuters/training/6125 b/reuters/training/6125
new file mode 100644
index 0000000000000000000000000000000000000000..e3e86df11514c6a7baa15bea279bf7754eeedb1b
--- /dev/null
+++ b/reuters/training/6125
@@ -0,0 +1,38 @@
+U.S OIL TAX WOULD NOT AFFECT PDVSA-CHAMPLIN DEAL
+  an eventual oil import fee in the
+  united states will make no difference to champlin petroleum
+  corp's joint venture agreement signed today with petroleos de
+  venezuela (pdvsa), champlin chairman william adams said.
+      "this was an aspect which was discussed at length during the
+  negotiations, but we can say our contract covers all
+  eventualities in this regard," he told reuters during the
+  signing ceremony here.
+      Venezuela's energy and mines minister arturo hernandez
+  grisanti earlier described the agreement, under which pdvsa
+  buys 50 pct of champlin's corpus christi refinery, as "one more
+  step in the maturation and presence of our oil industry in
+  world markets."
+     union pacific chairman william cook said the agreement will
+  be beneficial to both sides, combining a secure source of
+  supply with a modern refinery and access to markets.
+      "we are looking to a long-term relationship, and at a time
+  of protectionist tendencies in the U.S. Congress there are
+  clear benefits to both sides," he said.
+      Adams said pdvsa crude would remain competitive even with
+  an oil import fee because champlin had invested heavily over
+  the years in adapingthe texas refinery to process venezuelan
+  heavy crudes with coking and hydro-treating facilities and
+  obtain a competitive product yield.
+      "therefore while the danger of an oil import fee has been a
+  consideration in the negotiations, and it remains to be seen
+  what such a fee would represent, we do not foresee any impact
+  on today's agreement," adams said.
+      He said the refinery could run crude as heavy as
+  venezuela's bolivar coastal field (bcf) 17 api without any
+  difficultiesand would probably move over time to a heavier diet
+  to take advantage of bigger margins.
+      The refinery has a capacity to process up to 110,000 bpd of
+  venezuelan high sulphur content heavy crude, with an 80-85 pct
+  yield of white products.
+  
+
diff --git a/reuters/training/6127 b/reuters/training/6127
new file mode 100644
index 0000000000000000000000000000000000000000..ece019d6664f1dd0f2f714cbee874844155ba2b5
--- /dev/null
+++ b/reuters/training/6127
@@ -0,0 +1,22 @@
+LYNG TO MEET WITH EXPORTERS, EEP LIKELY TOPIC
+  Secretary of Agriculture Richard
+  Lyng will meet with representatives from major grain exporting
+  companies today, and the subject of subsidized wheat to the
+  Soviet Union will likely be discussed, an aide to Lyng said.
+      Today's meeting, set to begin at 1500 EST (2000 gmt), was
+  scheduled at the request of the exporters, the aide said.
+      "The EEP (export enhancement program) is pretty obviously
+  one of the things they (the exporters) want to talk about, but
+  they haven't any agenda as far as I know," Lyng's aide said.
+      Private industry export officials have met periodically
+  with Lyng to discuss farm policies and the export situation.
+  Whether this meeting will prompt any U.S. action on the issue
+  of whether Moscow will be offered export bonus wheat is
+  uncertain, the aide said.
+      "I don't know what they'll tell us that we don't already
+  knwo, but we'll hear what they have to say," Lyng's aide said.
+      The USDA official said that as far as he knows there has
+  been no further action on offering the Soviet Union wheat under
+  the EEP.
+  
+
diff --git a/reuters/training/6128 b/reuters/training/6128
new file mode 100644
index 0000000000000000000000000000000000000000..4de8cb0108d72d9f19ec4f06a9d1220e45db88b3
--- /dev/null
+++ b/reuters/training/6128
@@ -0,0 +1,29 @@
+ICCO GROUP LOOKS AT COCOA BUFFER STOCK RULE PLAN
+  The International Cocoa Organization,
+  ICCO, buffer stock working group began examining a draft
+  proposal for buffer stock rules this afternoon, delegates said.
+      The plan, presented by ICCO Executive Director Kobena
+  Erbynn, represented a compromise between producer, European
+  Community, EC, and other consumer views on how the buffer stock
+  should operate, they said.
+      The proposal involved three key principles. First, the
+  buffer stock manager would be open to offers for cocoa rather
+  than using fixed posted prices as previously, delegates said.
+      Under an offer system, the buffer stock manager would be
+  free to choose cocoas of varying prices, they said.
+      The second provision was that non-ICCO member cocoa could
+  comprise a maximum 10 pct of the buffer stock, while the third
+  laid out a pricing system under which the buffer stock manager
+  would pay differentials for different grades of cocoa, to be
+  set by a formula, the delegates said.
+      After the plan was presented, working group delegates met
+  briefly in smaller groups of producers, EC consumers and all
+  consumers to look at the proposal. Producers gave no reaction
+  to the scheme and will respond to it when the working group
+  meets tomorrow at 1000 GMT, producer delegates said.
+      Consumer members accepted the proposal as a good base to
+  work from, one consumer delegate said.
+      Delegates said the proposal was only a starting point for
+  negotiations on buffer stock rules and subject to change.
+  
+
diff --git a/reuters/training/6129 b/reuters/training/6129
new file mode 100644
index 0000000000000000000000000000000000000000..232d38956943566b84c03cbc1c493565c5ff9fc7
--- /dev/null
+++ b/reuters/training/6129
@@ -0,0 +1,14 @@
+VTX ELECTRONICS CORP <VTX> 4TH QTR NET
+  Shr 10 cts vs 11 cts
+      Net 255,000 vs 242,000
+      Sales 7,166,000 vs 6,486,000
+      Avg shrs 2,438,000 vs 2,118,000
+      Year
+      Shr 50 cts vs 40 cts
+      Net 990,000 vs 849,000
+      Sales 29.0 mln vs 22.8 mln
+      Avg shrs 1,972,000 vs 2,118,000
+      NOTE: Share adjusted for five-for-four stock split declared
+  today.
+  
+
diff --git a/reuters/training/6130 b/reuters/training/6130
new file mode 100644
index 0000000000000000000000000000000000000000..b10d352b2f9ade71e3bead8c43b07c3fd4002b69
--- /dev/null
+++ b/reuters/training/6130
@@ -0,0 +1,9 @@
+MORTGAGE GROWTH INVESTORS <MTG> 1ST QTR FEB 28
+  Shr 36 cts vs 37 cts
+      Net 2,751,000 vs 2,179,000
+      Qtly div 40 cts vs 40 cts prior
+      Avg shrs 7,699,241 vs 5,943,341
+      NOTE: Dividend payable April 10 to shareholders of record
+  March 30.
+  
+
diff --git a/reuters/training/6134 b/reuters/training/6134
new file mode 100644
index 0000000000000000000000000000000000000000..c023cb77c0175f70130feb8efbabf9fa3aa5de6d
--- /dev/null
+++ b/reuters/training/6134
@@ -0,0 +1,8 @@
+SHONEY'S INC <SHON> 1ST QTR FEB 15 NET
+  Shr 31 cts vs 27 cts
+      Net 11.4 mln vs 9,905,528
+      Revs 194.3 mln vs 171.7 mln
+      Avg shrs 36.6 mln vs 36.4 mln
+      NOTE: Sixteen-week periods.
+  
+
diff --git a/reuters/training/6135 b/reuters/training/6135
new file mode 100644
index 0000000000000000000000000000000000000000..f23aa448c12346c14b5dcfa8184c871490cf60c5
--- /dev/null
+++ b/reuters/training/6135
@@ -0,0 +1,11 @@
+FORTUNE SAVINGS TO BUY FINANCIAL <FSSL> BRANCH
+  <Fortune Savings Bank> said it
+  agreed to buy the deposits and assume the leasehold of a
+  Financial Security Savings and Loan Association <FSSL> branch
+  here.
+      Terms of the agreement were not disclosed.
+      Fortune said the agreement is subject to regulatory
+  approval. It also said that if the transaction is approved,
+  Financial would generate a profit on the sale.
+  
+
diff --git a/reuters/training/6137 b/reuters/training/6137
new file mode 100644
index 0000000000000000000000000000000000000000..626183a217ef53558311cfc74aa49c8a1ee601f6
--- /dev/null
+++ b/reuters/training/6137
@@ -0,0 +1,35 @@
+GULF ARAB MINISTERS DISCUSS ECONOMIC COOPERATION
+  Finance and economy ministers of the
+  Gulf Cooperation Council (GCC) opened a two- day meeting to
+  discuss further economic integration, officials said.
+      They said issues to be discussed by the ministers from
+  Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab
+  Emirates (UAE) would include a recommendation by central bank
+  governors on a common currency exchange rate.
+      The governors agreed in January on a denominator on which
+  to base currencies of the six states. Any decision will be
+  forwarded for final approval to a GCC summit meeting due in
+  Saudi Arabia late this year.
+      The six states have different currency systems. Saudi
+  Arabia, Bahrain, Qatar and the UAE are linked in theory to the
+  International Monetary Fund's basket of currencies -- the
+  special drawing right (SDR) -- but in practice to the dollar.
+      Oman links its currency formally to the dollar, while
+  Kuwait pegs its dinar to a trade-weighted basket devised by
+  itself.
+      The denominator chosen by central bank governors has not
+  been disclosed, but some bankers expect the currencies to be
+  linked to the SDR or a trade-weighted basket.
+      Opening the meeting, Ahmed al-Tayer, the UAE's Minister of
+  State for Finance and Industry, said implementation of joint
+  economic agreements "is increasingly linking the interests of
+  GCC citizens together."
+      The general assembly of the Gulf Investment Corporation met
+  in Abu Dhabi earlier under the chairmanship of Bahrain's
+  Finance and National Economy Minister, Ibrahim Abdul-Karim
+      The corporation was formed to contribute to joint economic
+  and investment projects in the GCC.
+      Officials said the corporation's assets rose to 1.31
+  billion dollars last year from 1.04 billion at the end of 1985.
+  
+
diff --git a/reuters/training/6138 b/reuters/training/6138
new file mode 100644
index 0000000000000000000000000000000000000000..07092d488b2160acab20b9fd025e27bdd4aed5f9
--- /dev/null
+++ b/reuters/training/6138
@@ -0,0 +1,18 @@
+PHOTOGRAPHIC SCIENCIES CORP <PSCX> 4TH QTR LOSS
+  Oper shr loss six cts vs profit four cts
+      Oper net loss 165,000 vs profit 83,000
+      Sales 2,413,000 vs 921,000
+      Avg shrs 2,908,770 vs 2,203,462
+      Year
+      Ope shr profit five cts vs profit five cts
+      Oper net profit 124,000 vs profit 106,000
+      Sales 5,652,000 vs 1,623,000
+      Avg shrs 2,369,949 vs 2,061,102
+      NOTE: Net excludes losses from discontinued operations of
+  548,000 dlrs vs 14,000 dlrs in quarter and 696,000 dlrs vs
+  21,000 dlrs in year.
+      1985 year net excludes 35,000 dlr tax credit.
+      1985 year includes only six months of operations due to
+  change in fiscal year.
+  
+
diff --git a/reuters/training/6142 b/reuters/training/6142
new file mode 100644
index 0000000000000000000000000000000000000000..3b32a80e325c80c844788702c3698a30d7d222da
--- /dev/null
+++ b/reuters/training/6142
@@ -0,0 +1,17 @@
+SOUTH AFRICA CROP WEATHER SUMMARY -- USDA/NOAA
+  Dry weather pushed further into
+  South Africa's Orange Free State's Maize Triangle in the week
+  ended March 14, the Joint Agricultural Weather Facility of the
+  U.S. Agriculture and Commerce Departments said.
+      In a summary of its Weather and Crop Bulletin, the agency
+  said scattered showers continued throughout Transvaal, but dry
+  pockets persisted in the northeast and south.
+      Temperatures average one to four degrees C above normal
+  throughout all grain areas, stressing grain-filling corn in
+  areas receiving lightest rainfall, it said.
+      The agency said rainfall during February was near to above
+  normal in most areas, but earlier periods of hot, dry weather
+  reduced yield prospects in parts of the northern Transvaal and
+  southern Orange Free State.
+  
+
diff --git a/reuters/training/6146 b/reuters/training/6146
new file mode 100644
index 0000000000000000000000000000000000000000..fccaaf72546e98a50d6b3f601a8eef6bc8f42893
--- /dev/null
+++ b/reuters/training/6146
@@ -0,0 +1,18 @@
+PUEBLO INTERNATIONAL INC <PII> 4TH QTR JAN 31
+  Shr 56 cts vs 46 cts
+      Net 2,005,000 vs 1,685,000
+      Sales 189.8 mln vs 156.0 mln
+      Avg shrs 3,603,000 vs 3,614,000
+      Year
+      Shr 1.88 dlrs vs 1.77 dlrs
+      Net 6,774,000 vs 6,587,000
+      Sales 692.1 mln vs 596.8 mln
+      Avg shrs 3,604,000 vs 3,713,000
+      NOTE: Net includes tax credits of 250,000 dlrs vs 162,000
+  dlrs in quarter and 610,000 dlrs vs 1,288,000 dlrs in year.
+      Thirteen vs 12 and 53 vs 52-week periods.
+      Latest year net includes gain 418,000 dlrs for first nine
+  months from change in pension accounting, for which results of
+  first three periods restated.
+  
+
diff --git a/reuters/training/6147 b/reuters/training/6147
new file mode 100644
index 0000000000000000000000000000000000000000..63a4f40297f25c1867a7fbf9cdfbd178aabf1f84
--- /dev/null
+++ b/reuters/training/6147
@@ -0,0 +1,8 @@
+HRE PROPERTIES <HRE> 1ST QTR JAN 31 NET
+  Shr 38 cts vs 47 cts
+      Net 2,253,664 vs 2,806,820
+      Gross income 5,173,318 vs 5,873,904
+      NOTE: Net includes gains on sale of real estate of 126,117
+  dlrs vs 29,812 dlrs.
+  
+
diff --git a/reuters/training/6149 b/reuters/training/6149
new file mode 100644
index 0000000000000000000000000000000000000000..1476f70f47abdceccb5f95eaccec20887254f4b6
--- /dev/null
+++ b/reuters/training/6149
@@ -0,0 +1,13 @@
+PHOTOGRAPHIC SCIENCES CORP <PSCX> 4TH QTR
+  Shr loss 25 cts vs profit three cts
+      Net loss 713,000 vs profit 69,000
+      Revs 2.4 mln vs 921,000
+      Six months
+      Shr loss 24 cts vs profit six cts
+      Net loss 572,000 vs profit 120,000
+      Revs 5.7 mln vs 1.6 mln
+      NOTE:To effect change from fiscal to calendar year, company
+  reported results for six months period ended December 31, 1985.
+  1985 six months includes one time gain of 35,000 dlrs. 
+  
+
diff --git a/reuters/training/6153 b/reuters/training/6153
new file mode 100644
index 0000000000000000000000000000000000000000..b4da47243e6b500129fdd789d80636fc8bfdfbb3
--- /dev/null
+++ b/reuters/training/6153
@@ -0,0 +1,43 @@
+WORLD CROP WEATHER SUMMARY -- USDA/NOAA
+  Dry weather covered most European
+  crop areas in the week ended March 14, except for those in
+  southwestern France, southern Italy, and Greece, the Joint
+  Agricultural Weather Facility of the U.S. Agriculture and
+  Commerce Departments said.
+      In its International Weather and Crop sumary, the agency
+  said mixed rain and snow covered Greece.
+      Winter grains in England, France, and northern Italy
+  remained dormant. Grains usuaually break dormancy in March.
+      Winter grains in Eastern Europe usually break dormancy in
+  early April, it said.
+      Showers improved irrigation supplies in winter wheat areas
+  of northern Pakistan and northern India, it said.
+      Normally, wheat harvesting is well underwaty in central
+  India and just beginnning to the north, ending in most areas by
+  late April.
+      Showers improved irrigation supplies in southern India,
+  reversing February's below-normal trend.
+      Summer rice is usually in or nearing reproduction in most
+  southern areas, it said.
+      In the Philippines, most rainfall was restricted to the
+  central islands, continuing February's drying trend in Luzon
+  and southern Mindanao.
+      Locally heavy showers dotted Indonesia and Malaysia as
+  rainfall generally decreased eastward through the islands.
+      In February locally heavy showers may have caused flooding
+  in Java, it said.
+      The second cnsecutive week of dry weather stressed Moroccan
+  winter grains, approaching teh heading stage, the agency said.
+      Light to moderate rain spread from northern Thailand to
+  Northern Vietnam as dry weather prevailed elsewhere in
+  Southeast Asia.
+      Dry weather covered winter grain areas in western and
+  central Algeria, but soil moisture was likely adequate to meet
+  crop demands, it said.
+      Light showers in eastern Algeria and Tunisia maintained
+  adequate moisture for crop growth, it said.
+      Timely rains will be needed in the next several weeks as
+  winter grains advance through the critical reproductive phase,
+  the agency said.
+  
+
diff --git a/reuters/training/6154 b/reuters/training/6154
new file mode 100644
index 0000000000000000000000000000000000000000..383c32d59469f1effad8fbc35519dbdc98e88e63
--- /dev/null
+++ b/reuters/training/6154
@@ -0,0 +1,6 @@
+FEDERAL PAPER BOARD CO <FBT> SETS PAYOUT
+  Qtly div 17-1/4 cts vs 17-1/4 cts prior
+      Pay April 15
+      Record March 31   
+  
+
diff --git a/reuters/training/6155 b/reuters/training/6155
new file mode 100644
index 0000000000000000000000000000000000000000..3d6974fd915eb736b05d04524bcb8ae78f85cded
--- /dev/null
+++ b/reuters/training/6155
@@ -0,0 +1,6 @@
+SHONEY'S INC <SHON> SETS PAYOUT
+  Qtly div four cts vs four cts prior
+      Pay April 22
+      Record April Three
+  
+
diff --git a/reuters/training/6156 b/reuters/training/6156
new file mode 100644
index 0000000000000000000000000000000000000000..08ee891e67be21a30262aa98ea24da37aa23f32f
--- /dev/null
+++ b/reuters/training/6156
@@ -0,0 +1,77 @@
+ANALYSTS SAY U.K. BUDGET POINTS TO BASE RATE CUTS
+  Chancellor of the Exchequer Nigel
+  Lawson's Budget speech was described as sound and well balanced
+  by analysts, if slightly lacking in excitement.
+      A cut in bank base lending rates is now widely expected
+  tomorrow, with most forecasts predicting a half-point fall. A
+  follow-up half-point cut is anticipated next week.
+      "Worthy but boring would probably sum it up," Peter Fellner,
+  U.K. Economist at stockbrokers James Capel and Co, said. "It was
+  a very, very prudent fiscal budget."
+      Richard Jeffrey of brokers Hoare Govett said it was a
+  well-balanced budget within the confines of the government's
+  philosophy of keeping expenditure levels flat.
+      Most analysts said the Budget was very sound on the fiscal
+  side, but offered nothing new on monetary policy.
+      As was widely expected, Lawson split his "fiscal adjustment"
+  between trimming the 1987/88 PSBR target to 4.0 billion stg
+  from 7.1 billion and cutting basic rate income tax from 29 to
+  27 pct.
+      The target for the narrow measure of money supply, M0, was
+  kept unchangd at two to six pct, while the target for the broad
+  Sterling M3 aggregate was dropped.
+      Both Jeffrey and Fellner said the budget clears the way for
+  a half-point fall in U.K. Base rates tomorrow, but the
+  authorities are unlikely to sanction a larger cut immediately.
+  Many analysts and currency dealers have forecast a full
+  one-point cut tomorrow.
+      "The Bank of England will be loathe to take any action which
+  it will have to reverse later," Jeffrey said, though he added a
+  further half-point cut was quite possible in the near future.
+      The main worry from today's speech is the outlook for
+  inflation, given the signs of relaxed monetary policy contained
+  in it, Scrimgeour Vickers economist Richard Holt said.
+      Holt noted the "rather loose" inflation forecast of 4.0 pct
+  at end-1987, and said the lower interest rates likely to result
+  from the tough fiscal stance could cause longer term concern.
+      "A higher PSBR target could be preferable in the long term,"
+  he said, although lower mortgage interest rates on the back of
+  falling base rates would have an offsetting impact on
+  inflation.
+      The Budget will inspire a lot of short-term confidence but
+  it was "not a good budget for inflation," he said
+      Jeffrey said he would have liked Lawson to say more about
+  the dangers of excessive liquidity build-up but overall was not
+  too concerned about a revival of inflation.
+      Fellner noted that the exchange rate was to remain the
+  "leading edge" of monetary policy, but said the authorities were
+  likely to be extremely cautious on this front.
+      He said they were unlikely to hesitate in holding interest
+  rates steady or even raising them again if sterling showed any
+  signs of excessive weakness.
+      Most analysts agreed Lawson had bolstered the credibility
+  of the Budget by adopting realistic forecasts.
+      Raising the forecast for the current account deficit from
+  1.5 to 2.5 billion stg for 1987 would not unsettle the markets,
+  which are already discounting that amount, Jeffrey said.
+  that the 4.0 billion stg PSBR target was given credibility by
+  the favourable outturn for 1986/87, which is now also forecast
+  to be 4.0 billion stg.
+      But analysts said the Budget speech did not give any
+  clear-cut indication about the timing of the general election,
+  which has to be held before June, 1988.
+      Some believe it signals a poll this June, noting that the
+  benefits, such as income tax cuts and the decision not to raise
+  duties on alcohol and tobacco, become available immediately.
+      But others said it kept several options open and it was not
+  possible to deduce too much from it.
+      James Capel's Fellner noted that by being fiscally prudent,
+  Lawson had kept open the possibility of an autumn election in
+  that there would be no "chickens coming home to roost."
+      Richard Jeffrey, who favours the likelihood of a June
+  election, said it was important the Chancellor had not gone for
+  a Budget aimed overtly at buying an election victory.
+      Nevertheless, he said, it was likely to result in a boost
+  to the Conservative Party's pre-election popularity.
+  
+
diff --git a/reuters/training/6157 b/reuters/training/6157
new file mode 100644
index 0000000000000000000000000000000000000000..964adab9ae3f80a944fde231a97a30c688b8a699
--- /dev/null
+++ b/reuters/training/6157
@@ -0,0 +1,59 @@
+TAFT <TFB> STOCK RISES ON PROPOSAL
+  Taft Broadcasting Co stock rose almost
+  three points today as its vice chairman and an investment group
+  proposed to sweeten a takeover offer for the company.
+      However, several arbitragers said they would shy away from
+  the stock at its current price levels since it is unclear how
+  high bidding for the company would go and whether the company
+  would agree to a takeover.
+      "There are too many uncertainties," said one arbitrager.
+      Taft stock rose 2-7/8 to 155-3/4.
+      Dudley Taft, Taft vice chairman, and Narragansett Capital
+  Inc said they sent a letter to the Taft board, stating they
+  were committed to pursuing acquisition of the broadcast company
+  and were prepared to negotiate a transaction in excess of 150
+  dlrs per share.
+      The company responded that the proposal would be submitted
+  to the board of directors, but that no decisions have yet been
+  made on a sale of the company.
+      "Someone's betting this company will go for 170 (dlrs per
+  share)," said one arbitrager.
+      Arbitragers said the stock is a risky buy at current
+  levels, unless an offer was accepted in the 170 dlr per share
+  range. They said to make an arbitrage investment at this level
+  would be chancy since it will take a long time for any
+  transaction to be completed because of regulatory approvals
+  necessary for the broadcast properites.
+      Taft earlier rejected a 145 dlr per share or 1.35 billion
+  dlr bid from the investment group. The company said it rejected
+  the bid as inadequate based on advice of Goldman, Sachs and Co,
+  its financial adviser. It said it would consider alternatives
+  such as restructuring.
+      Arbitragers speculated a bidding war may erupt for Taft,
+  which has two large shareholders in an investment group led by
+  Robert Bass and Carl Lindner, chairman of American Financial
+  Corp. The Bass group holds 25 pct of Taft and Lindner holds
+  16.2 pct. The Taft family, which founded the company almost 50
+  years ago, has about 12 pct.
+      Lindner last week told the Securities and Exchange
+  Commission he may be interested in making a bid for Taft.
+      "I could see if things got really crazy that it might go
+  for 175 (dlrs per share)," said one arbitrager, but he
+  speculated it probably would not even be taken over for more
+  than a price in the 160s.
+      Another speculated that Lindner might bid, but he
+  speculated the investor would not really be interested in
+  running the company. Lindner was unavailable for comment.
+      Dennis McAlpine, an analyst with Oppenheimer and Co, said
+  he had speculated the company might be considering a leveraged
+  buyout.
+      "Ideally, you'd have to break this thing up to satisfy all
+  the interests involved," he said, adding the two largest
+  shareholders might be interested in pieces of Taft.
+      He said the highest takeover price he calculated for the
+  company has been about 140 dlrs per share, but that the highest
+  estimates on Wall Street have been about 160. He said the
+  latter would be based on more optimistic expectations for the
+  broadcast industry.
+  
+
diff --git a/reuters/training/6158 b/reuters/training/6158
new file mode 100644
index 0000000000000000000000000000000000000000..2f9e41d5290001d5a041413bac298e4f9546ce5d
--- /dev/null
+++ b/reuters/training/6158
@@ -0,0 +1,31 @@
+BANK OF FRANCE SEES CONTINUED INDUSTRIAL PICKUP
+  The Bank of France expects a continued
+  revival in short-term industrial activity, but the outlook for
+  any improvement in France's record 10.9 pct unemployment rate
+  remains bleak, the Bank of France said in its monthly review.
+      The upturn in activity in all industrial sectors except the
+  agro-food sector in February more than compensated for the fall
+  in January, while construction and civil engineering
+  experienced a recovery which appears likely to extend over the
+  next few months.
+      Internal demand rose and the export situation improved, in
+  particular toward the European Community (EC), the Bank said.
+      Stocks decreases and order book levels, with the exception
+  of the agro-food industry, improved substantially.
+      In addition, retail prices and salaries stabilised last
+  months.
+      Production rose in all sectors except agricultural
+  machinery and aeronautics, where it stabilised, and ship
+  construction, where it declined.
+      The car industry was the major beneficiary of the upturn in
+  activity in February, with both domestic and export orders
+  rising.
+      In the consumer goods sector, actitity rose sharply despite
+  a fall in the household goods sector and stability in
+  pharmaceuticals.
+      Among semi-finished products, output rose sharply, helped
+  by a strong growth in construction materials.
+      But activity in the retail sector declined slightly over
+  the past two months.
+  
+
diff --git a/reuters/training/6159 b/reuters/training/6159
new file mode 100644
index 0000000000000000000000000000000000000000..6fe7579c31d6a78c85d4991202a18ffcac3e2fa1
--- /dev/null
+++ b/reuters/training/6159
@@ -0,0 +1,5 @@
+HERRINGTON SAYS HE MAY RECOMMEND TAX BENEFITS FOR U.S. OIL INDUSTRY
+
+  HERRINGTON SAYS HE MAY RECOMMEND TAX BENEFITS FOR U.S. OIL INDUSTRY
+  
+
diff --git a/reuters/training/6163 b/reuters/training/6163
new file mode 100644
index 0000000000000000000000000000000000000000..261c84044ec59d486e2bb88f7ed610590fdb3bee
--- /dev/null
+++ b/reuters/training/6163
@@ -0,0 +1,34 @@
+HERRINGTON SAYS HE MAY CALL FOR OIL TAX BENEFITS
+  Energy Secretary John Herrington
+  said he may recommend to the White House that the domestic oil
+  industry be given tax benefits to help it produce more oil and
+  head off increasing U.S. dependence on foreign oil.
+      He said also at a news conference that he would recommend
+  to the White House that the fill rate of the Strategic
+  Petroleum Reserve be increased from its planned 35,000 barrels
+  per day.
+      The oil reserve fill rate capacity is 100,000 barrels a
+  day.
+      Herrington said he had always advocated a greater fill rate
+  for the petroleum reserve, but the rate had been kept down
+  because of budgetary constraints.
+      Herrington did not disclose what tax incentives he might
+  advocate, but U.S. officials have shown interest in tax
+  benefits for oil and gas exploration and for research and
+  development into new ways to extract oil which is now
+  considered uneconomical to produce.
+      He made the remarks in conjunction with the release of the
+  Energy Department's study on oil's impact on national security.
+      Herrington said that before he disclosed what
+  recommendations for tax benefits for the oil and gas industry
+  he might make, he would raise the matter with the White House
+  Economic Policy Committee to see if the proposals to increase
+  oil production made good tax policy.
+      He said he would like to increase U.S. production by one
+  mln barrels a day.
+      The report said that by the end of the century the United
+  States may be relying on foreign sources for 50 pct of its oil
+  consumption, posing a serious economic and national security
+  threat.
+  
+
diff --git a/reuters/training/6165 b/reuters/training/6165
new file mode 100644
index 0000000000000000000000000000000000000000..5d3a3a82c5482de055ce7bcbb443ef59bb75d382
--- /dev/null
+++ b/reuters/training/6165
@@ -0,0 +1,14 @@
+CONSOLIDATED STORES CORP <CNS> 4TH QTR JAN 31 NET
+  Shr 17 cts vs 13 cts
+      Net 7,602,000 vs 4,879,000
+      Sales 141.5 mln vs 71.3 mln
+      Avg shrs 45.0 mln vs 42.2 mln
+      Year
+      Shr 45 cts vs 32 cts
+      Net 19.5 mln vs 12.0 mln
+      Sales 397.2 mln vs 181.1 mln
+      Avg shrs 43.4 mln vs 38.2 mln
+      NOTE: Prior year net includes 2,600,000 dlr tax credit.
+      Share adjusted for two-for-one stock split in June 1986.
+  
+
diff --git a/reuters/training/6166 b/reuters/training/6166
new file mode 100644
index 0000000000000000000000000000000000000000..99479e1ec7d5613a8c039a68c0b6817953001d4e
--- /dev/null
+++ b/reuters/training/6166
@@ -0,0 +1,13 @@
+WAINCO OIL <WOL> COMPLETES WILDCAT WELL
+  Wainco Oil Corp said it has completed a
+  wildcat well on its GrandMarais prspect in Jefferson Davis
+  Parish, La., which is currently producing at a rate of 1.1 mln
+  cubic feet of gas and 40 barrels of condensate daily.
+      The company said it has a 20 pct working interest in the
+  well which is flowing from Lower Frion Tweedel Sand
+  perforations between 10,104 and 10,110 feet. Additional
+  untested but possibly productive zones exist behind the pipe,
+  it added. It said the remaining owners are privately held
+  petroleum companies.
+  
+
diff --git a/reuters/training/6169 b/reuters/training/6169
new file mode 100644
index 0000000000000000000000000000000000000000..7bc08af29c9572169612940cd8d5139331ca7d50
--- /dev/null
+++ b/reuters/training/6169
@@ -0,0 +1,30 @@
+U.S. WARNS OF DEPENDENCE ON FOREIGN OIL
+  A White House-ordered report said 
+  that growing U.S. reliance on foreign oil into the year 2000
+  could have potentially damaging implications for national
+  security.
+      The Energy Department study discusses several options to
+  curb reliance on foreign oil, but makes no recommendations.
+      President Reagan and most Congressmen have previously ruled
+  out a tax on foreign oil as a way to curb imports and to help
+  the depressed domestic oil industry.
+      Energy Secretary John Herrington said in a statement that
+  "although we have made gains in energy security in the last six
+  years, this report shows that there is justification for
+  national concern both over declining competitiveness of our
+  domestic oil and gas industry and over rising oil imports."
+      The report said imports last year were 33 pct of U.S.
+  consumption and by the mid-1990s could rise to 50 pct.
+      Among the report's options to ease U.S. reliance on foreign
+  oil are several already advocated by the Reagan Administration.
+      President Reagan ordered the study last September, citing a
+  determination that the country never again become captive to a
+  foreign oil cartel, referring to the OPEC-led oil shortages and
+  sharp prices increases of the 1970s.
+      The report said an import fee would raise prices and help
+  make it economical for U.S. oil firms to find and produce new
+  oil, as well as to cut imports, but on the whole the tax would
+  depress the nation's economy.
+      The study was outlined in a New York Times report today.
+  
+
diff --git a/reuters/training/6172 b/reuters/training/6172
new file mode 100644
index 0000000000000000000000000000000000000000..97ea60b578f9b65c6b48fe47521408a92fcf0588
--- /dev/null
+++ b/reuters/training/6172
@@ -0,0 +1,8 @@
+HOSPITAL STAFFING SERVICES INC <HSSI> 1ST QTR
+  Feb 28
+      Oper shr six cts vs two cts
+      Oper net 189,683 vs 47,499
+      Revs 2,874,930 vs 2,594,574
+      NOTE: Prior year net excludes 33,000 dlr tax credit.
+  
+
diff --git a/reuters/training/6173 b/reuters/training/6173
new file mode 100644
index 0000000000000000000000000000000000000000..f685638d62399a7fe69c9433cf9eda4b925bf043
--- /dev/null
+++ b/reuters/training/6173
@@ -0,0 +1,6 @@
+VIATECH INC <VTK> YEAR NET
+  Shr 1.53 dlrs vs 18 cts
+      Net 841,893 vs 95,477
+      Revs 50.3 mln vs 35.1 mln
+  
+
diff --git a/reuters/training/6175 b/reuters/training/6175
new file mode 100644
index 0000000000000000000000000000000000000000..b248e859bb7cf9c85c780dadf0cb68a70d1f9222
--- /dev/null
+++ b/reuters/training/6175
@@ -0,0 +1,8 @@
+INTERACTIVE TECHNOLOGIES INC <ITXI> 1ST QTR NET
+  Shr nine cts vs eight cts
+      Net 373,000 vs 269,000
+      Sales 3,501,000 vs 2,507,000
+      Avg shrs 4,036,000 vs 3,326,000
+      NOTE: Periods end January 31, 1987 and 1986, respectively.
+  
+
diff --git a/reuters/training/6176 b/reuters/training/6176
new file mode 100644
index 0000000000000000000000000000000000000000..0c541d3e98ce947743b628a040c891873a79f53b
--- /dev/null
+++ b/reuters/training/6176
@@ -0,0 +1,5 @@
+U.S. FHL BANKS SETS 6.70 PCT, 7.10 PCT, 7.65 PCT RATES ON 2.55 BILLION DLR OFFER
+
+  U.S. FHL BANKS SETS 6.70 PCT, 7.10 PCT, 7.65 PCT RATES ON 2.55 BILLION DLR OFFER
+  
+
diff --git a/reuters/training/6177 b/reuters/training/6177
new file mode 100644
index 0000000000000000000000000000000000000000..2e677c83b921ba6adcbf66f8299fd349b4117a5d
--- /dev/null
+++ b/reuters/training/6177
@@ -0,0 +1,47 @@
+OPEC WANTS 18 DLR OIL PRICE - OAPEC OFFICIAL
+  OPEC believes world oil prices should
+  be set around a fixed average price of 18 dlrs a barrel, OAPEC
+  Assistant General Secretary Abdelaziz Al-Wattari said today.
+      In a speech to a European Community (EC)/OAPEC/OPEC seminar
+  in Luxembourg released here, Al-Wattari said: "OPEC believes
+  ...The world energy trade should be kept without restrictions
+  and should be built around a fixed average price of 18 dlrs."
+      But he warned that defense of the 18 dlr a barrel level had
+  caused hardship for OPEC countries, who had been forced to
+  curtail production, and he warned that such cutbacks by OPEC
+  states could not be sustained in some cases.
+      "For OPEC to stabilize the world oil price at what is now
+  considered the optimal level of 18 dlrs a barrel, its member
+  countries have had to undergo severe hardship in curtailing
+  production," Al-Wattari said.
+      "Such cutbacks ... Cannot, in certain cases, be sustained,"
+  Al-Wattari said. As well as financial and marketing pressures,
+  some states depended on associated gas output for domestic use
+  and oil cutbacks had left insufficient gas supplies, he added.
+      Al-Wattari noted that total OPEC output was below the
+  organization's agreed ceiling for all member countries in
+  February, although this had meant sacrifices.
+      The effect of these sacrifices meant that market stability,
+  though restored to a good level, was still under pressure,
+  Al-Wattari said. "A lasting stability in the world market
+  requires a wider scope of international cooperation," he added.
+      He said some non-OPEC oil producing countries had shown a
+  political willingness after 1986 to cooperate with OPEC.
+      But although cutbacks announced by these states were
+  politically significant and welcomed by OPEC, they were
+  insufficient in terms of volume, he added. "The overall majority
+  of non-OPEC producers have not responded sufficiently to OPEC's
+  calls for supply regulation," he said.
+      Al-Wattari said an 18 dlr a barrel price was optimal as it
+  allowed investment in the oil industry outside OPEC to
+  continue, while not generating excessive cash flow for
+  otherwise unviable high-cost areas outside OPEC. Such a price
+  would no longer encourage protectionist measures, he added.
+      Fadhil Al-Chalabi, OPEC Deputy Secretary General, also
+  addressing the seminar, added that discipline was still needed
+  to prevent violent fluctuations in the oil market.
+      Cooperation between Arab states and Europe was advantageous
+  for both sides, Al-Chalabi said, adding he hoped cooperation
+  would ultimately lead to full-fledged Euro-Arab dialogue.
+  
+
diff --git a/reuters/training/6178 b/reuters/training/6178
new file mode 100644
index 0000000000000000000000000000000000000000..e1a97e28ca6387f4b47e6f73b78fb967ba6e0583
--- /dev/null
+++ b/reuters/training/6178
@@ -0,0 +1,13 @@
+U.S. FHL BANKS SETS RATES ON DEBT OFFERING
+  The Office of Finance, Federal Home
+  Loan Banks, said it set rates on today's debt offering of 6.70
+  pct on its 1.11 billion dlr issue, 7.10 pct on a 1.065 billion
+  dlr issue and 7.65 pct on a 375 mln dlr issue.
+      It said the issues, which are for settlement March 25, 
+  mature March 26, 1990, March 25, 1992 and March 25, 1997,
+  respectively.
+      The office said telephone confirmation of allotments must
+  be received by 1500 hrs EST today and that secondary trading
+  will begin at 0930 hrs EST tomorrow.
+  
+
diff --git a/reuters/training/6179 b/reuters/training/6179
new file mode 100644
index 0000000000000000000000000000000000000000..bd890144b63e5ef822e1ffab2b0c5920cb670e83
--- /dev/null
+++ b/reuters/training/6179
@@ -0,0 +1,17 @@
+SANTA ANITA COS <SAR> 4TH QTR NET
+  Oper shr 45 cts vs 63 cts
+      Oper net 3,805,000 vs 5,155,000
+      Revs 12.0 mln vs 10.6 mln
+      Year
+      Oper shr 1.58 dlrs vs 2.07 dlrs
+      Oper net 12,991,000 vs 15,692,000
+      Revs 69.8 mln vs 71.7 mln
+      Avg shrs 8,265,541 vs 7,598,522
+      Note: Current qtr and year figures exclude losses from
+  discontinued operations of 761,000 dlrs and 875,000 dlrs,
+  respectively and disposition gain of 6.1 mln dlrs in both
+  periods.
+      Prior qtr and year figures exclude gain from discontinued
+  operation of 31,000 dlrs and loss of 2,000 dlrs, respectively.
+  
+
diff --git a/reuters/training/6180 b/reuters/training/6180
new file mode 100644
index 0000000000000000000000000000000000000000..ff80b512472d8f7715525b247519f0f2e057cf85
--- /dev/null
+++ b/reuters/training/6180
@@ -0,0 +1,27 @@
+MIDWAY AIRLINES <MDWY> SETS HOLDER RIGHTS PLAN
+  Midway Airlines Inc, which has
+  frequently been mentioned as an acquisition target, said it
+  declared a shareholder rights plan.
+      Holders will get a dividend of one preferred share purchase
+  right on each outstanding share of common stock.
+      Each right, when exercisable, will entitle the holder to
+  purchase one one-hundredth share of Series C Junior
+  Participating preferred stock for 50 dlrs.
+      The rights are intended to assure that all holders receive
+  fair treatment in the event of a takeover. The company said
+  this is not in response to a known effort to acquire control.
+      The rights will be exercisable 10 days after a person or
+  group buys 20 pct of the company's common, or announces or
+  commences a tender offer that would result in acquisition of 30
+  pct or more of its common.
+      Midway can redeem the rights at two cts each at any time
+  prior to expieration of 10 days after the acquisition by any
+  person of 20 pct or more of the companyt's common, it said.
+      If Midway is acquired, each right will entitle its hodler
+  to purchase a number of the acquiring company's common shares
+  having a market value at that time of twice the right's
+  exercise price.
+      The dividend will be payable to holders of record April
+  six, and expire 10 years later on April 6, 1997.
+  
+
diff --git a/reuters/training/6181 b/reuters/training/6181
new file mode 100644
index 0000000000000000000000000000000000000000..c94f8fe9ff939282643bf5bc6b357f1ee00fb366
--- /dev/null
+++ b/reuters/training/6181
@@ -0,0 +1,15 @@
+EQUION CORP <EQUI> 2ND QTR JAN 31 NET
+  Oper shr 19 cts vs 18 cts
+      Oper net 951,902 vs 987,860
+      Revs 19.0 mln vs 17.1 mln
+      Six mths
+      Oper shr 26 cts vs 35 cts
+      Oper net 1,332,273 vs 2,502,868
+      Revs 33.6 mln vs 29.2 mln
+      Note: Oper net excludes tax credits of 897,925 dlrs vs
+  841,511,dlrs for qtr and 1,306,860 dlrs vs 2,132,073 dlrs for
+  six mths.
+      Note: Year-ago results restated to reflect change in
+  accounting principle effective August one, 1985.
+  
+
diff --git a/reuters/training/6184 b/reuters/training/6184
new file mode 100644
index 0000000000000000000000000000000000000000..fee92da3f8fe5810a3837b18bd7baa29bf10e5b9
--- /dev/null
+++ b/reuters/training/6184
@@ -0,0 +1,25 @@
+VENEZUELA-ECUADOR OIL LOAN UNDER DISCUSSION
+  Venezuela has still to work out final
+  details of its plan to supply Ecuador with 50,000 barrels per
+  day of crude oil to compensate that country for lost exports
+  caused by earthquake damage, a senior Petroleos de Venezuela
+  (PDVSA) official said.
+      "We have yet to finalize details on how the compensation
+  will be carried out and how OPEC production quotas will be
+  affected," he said during the signing of a joint venture deal
+  with Union Pacific Corp today.
+      He said an agreement was initialled on a visit last week by
+  Ecuador's deputy energy minister Fernando Santos Alvite.
+      He pointed out that there are some contractual points to be
+  considered. Venezuela, possibly unique among oil exporters,
+  requires its clients to sign final destination clauses to
+  ensure its oil is not resold on the spot market.
+      Ecuador's oil minister Javier Espinosa was quoted today as
+  saying Venezuela will export the oil on Ecuador's account and
+  remit the revenues to Quito. Ecuador would pay back the oil at
+  a rate of 35,000 bpd.
+      He said Venezuela's oil would be traded through Ecuadorean
+  state oil company Cepe, but the PDVSA official said the company
+  never allows third parties to trade its oil.
+  
+
diff --git a/reuters/training/6185 b/reuters/training/6185
new file mode 100644
index 0000000000000000000000000000000000000000..a53f3cfca5149df02d7f8c3af9bc986d57c425af
--- /dev/null
+++ b/reuters/training/6185
@@ -0,0 +1,6 @@
+<TEMCO SERVICE INDUSTRIES INC> 1ST QTR DEC 31
+  Shr 31 cts vs 21 cts
+      Net 182,839 vs 132,804
+      Revs 25.0 mln vs 19.4 mln
+  
+
diff --git a/reuters/training/6186 b/reuters/training/6186
new file mode 100644
index 0000000000000000000000000000000000000000..c16373fea38d94e10689da04ee89b960b2ca7391
--- /dev/null
+++ b/reuters/training/6186
@@ -0,0 +1,6 @@
+<GREAT PACIFIC INDUSTRIES INC> YEAR NET
+  Shr 1.93 dlrs vs 2.21 dlrs
+      Net 8,371,000 vs 9,576,000
+      Revs 18.3 mln vs 15.7 mln
+  
+
diff --git a/reuters/training/6187 b/reuters/training/6187
new file mode 100644
index 0000000000000000000000000000000000000000..5554516a14f1611ef46b9ce476e8da971c6ce02a
--- /dev/null
+++ b/reuters/training/6187
@@ -0,0 +1,15 @@
+SIMMONS AIRLINES INC <SIMM> 2ND QTR LOSS
+  Period end Jan 31
+      Shr loss 17 cts vs loss 26 cts
+      Net loss 765,808 vs loss 1,216,501
+      Revs 15.8 mln vs 18.7 mln
+      Six mths
+      Shr nil vs profit 54 cts
+      Net loss 12.5 mln vs profit 2,538,030
+      Revs 32.5 mln vs 42.6 mln
+      Avg shrs 4,310,068 vs 4,712,315
+      NOTE: Prior yr results restated to reflect change in value
+  of aircraft, resulting in increase of 232,000 or five cts shr
+  for six mths
+  
+
diff --git a/reuters/training/6188 b/reuters/training/6188
new file mode 100644
index 0000000000000000000000000000000000000000..0a95da398cc1cd5bcba72d704be911904ab4b5de
--- /dev/null
+++ b/reuters/training/6188
@@ -0,0 +1,7 @@
+<TEMCO SERVICE INDUSTRIES INC> MERGER ENDED
+  Temco Service Industries Inc said its
+  proposed buyout by chairman Herman J. Hellman and president
+  Harvey Newwman has been terminated by mutual consent, and Temco
+  has no present intention of being acquired by any other party.
+  
+
diff --git a/reuters/training/6189 b/reuters/training/6189
new file mode 100644
index 0000000000000000000000000000000000000000..4abedec8020dd183a708c2724265fca7c9d130db
--- /dev/null
+++ b/reuters/training/6189
@@ -0,0 +1,24 @@
+SURALCO ALUMINA EXPORTS DROPPED 75 PCT IN FEB
+  The Surinam Aluminum Company
+  (SURALCO) registered a 75 pct drop in alumina exports in
+  February after its operations were shut down by worker violence
+  and guerrilla sabotage, the official Surinam News Agency, SNA,
+  reported.
+      SNA said Suralco's alumina exports dropped to 23,869 tonnes
+  in February from 92,852 tonnes in January. Aluminum exports,
+  meanwhile, decreased nine pct in the same period, to 1,511
+  tonnes from 1,647 tonnes.
+      Suralco's alumina refinery at Paranam, 18 miles south of
+  the capital, was shut down February 2 after workers destroyed
+  plant and computer equipment in a protest over layoffs at the
+  company's nearby aluminum smelter.
+      The smelter was shut down January 26 after anti-government
+  guerrillas dynamited two electricity towers which transmit
+  power to the plant from the Afobaka dam.
+      The alumina refinery, owned jointly by Suralco and Billiton
+  NV, a Royal Dutch Shell subsidiary, was reopened March 9. But
+  the smelter remains closed, as do the Suralco mines at Moengo,
+  60 miles east of Paramaribo, which were closed down by
+  guerrillas last November.
+  
+
diff --git a/reuters/training/6197 b/reuters/training/6197
new file mode 100644
index 0000000000000000000000000000000000000000..3e98e021c100a408591a011c2c45a9dee5c72aa9
--- /dev/null
+++ b/reuters/training/6197
@@ -0,0 +1,78 @@
+U.S. HOUSING DATA FAIL TO CLARIFY ECONOMIC PATH
+  Surprisingly strong U.S. housing
+  statistics for February cannot be taken as an indication that
+  the economy is generating any momentum and are not sufficient
+  cause to start lifting forecasts for first quarter growth,
+  economists said.
+      Building was boosted by two factors last month, unusually
+  mild weather and low mortgage rates. But economists said that
+  seasonal factors make it hard to assess what spur to the
+  economy, if any, will come from housing in coming months. And
+  after a steady retreat, mortgage rates seem to be near bottom.
+      U.S. housing starts rose 2.6 pct in February to a
+  seasonally adjusted annual rate of 1.851 mln units from 1.804
+  mln in January. It was the highest pace for starts since April
+  1986.
+      The rate at which permits were issued for future building
+  climbed 4.4 pct to a seasonally adjusted annual rate of 1.764
+  mln units after dropping 11.52 pct to 1.690 mln in January.
+      "February's weather is usually more adverse for home
+  building. Because of seasonal factors it's difficult to
+  determine what this means for the economy down the road," said
+  Allan Leslie of Discount Corp.
+      The housing report is seasonally-weighted to compensate for
+  weather-related setbacks. As a result, milder temperatures
+  inflate the statistics.
+      Economists said that low mortgage rates also were a spur to
+  building last month. But several believe that rates will now
+  consolidate before edging up in late spring/early summer.
+      "Builders are looking at current mortgage rates and saying
+  'Let's do it now'," said Mark Obrinsky of the U.S. League of
+  Savings Institutions in Washington, whose members supply much
+  of the financing for home building.
+      But Obrinsky doubts that there is much more downward
+  potential for rates because he foresees higher inflation and 
+  some overall improvement in the U.S. economy.
+      He expects rates to gain 50 to 100 basis points in early
+  summer from the 9.50 pct fixed rate effective in February. Last
+  November, fixed rate mortgages were about 10.30 pct.
+      As expected, the strength in housing was concentrated in
+  the single-family sector. The multi-family area -- which
+  typically represents rental units -- remained weak due to high
+  vacancy rates and increased capital costs of such units
+  following tax law changes effective January 1.
+      Single-family starts rose at a 5.6 pct annual pace to 1.317
+  mln units. Multi-family fell 4.1 pct to a 534,000 rate.
+      "Strength in the single-family sector indicates that low
+  mortgage rates are doing their job. But we're probably not
+  looking at a great deal of growth potential," said Ward
+  McCarthy of Merrill Lynch Capital Markets.
+      McCarthy noted that the housing report, together with
+  larger than expected gains in U.S. employment, industrial
+  output and retail sales in February, may cause some observers
+  to start waving "four pct GNP banners" for the first quarter.
+  Gross national product grew 1.3 pct in the fourth quarter.
+      But McCarthy, who still expects first quarter real GNP to
+  come in at an annual rate of 2.5 pct or slightly above, is not
+  convinced that growth will pick up in future.
+      "The big story is the inventory re-building that's going on
+  now, not all of which is intentional," he said. For example,
+  U.S. automakers, who are already saddled with high stocks,
+  produced at an annual rate of 8.3 mln units in February
+  compared with domestic car sales of 7.3 mln.
+      Thus while inventories could contribute to GNP in the first
+  quarter, they may result in scaled-back production and weaker
+  growth in the second, he said.
+      "If most of the first quarter growth is inventory building
+  and we cannot identify any improvement in export demand, then
+  there is the potential for softness in the second quarter,"
+  agreed Allan Leslie of Discount Corp. He is still evaluating
+  first quarter GNP prospects.
+      Federal Reserve chairman Paul Volcker said last week that
+  current data do not show the worsening in trade has reversed.
+      "At the same time that we are pumping up inventories in the
+  first quarter, we could foresee production slowing in the
+  second," cautioned Joe Plocek of McCarthy, Crisanti and Maffei
+  Inc, who expects first quarter growth of about three pct.
+  
+
diff --git a/reuters/training/6198 b/reuters/training/6198
new file mode 100644
index 0000000000000000000000000000000000000000..5b878b8fa5ab8af1663c376614af4269fd7a33ab
--- /dev/null
+++ b/reuters/training/6198
@@ -0,0 +1,16 @@
+PUBLIC SERVICE ENTERPRISE <PEG> TWO MTHS NET
+  Periods ended February 28
+      Shr 89 cts vs 87 cts
+      Net 119.5 mln vs 114.6 mln
+      Revs 872.3 mln vs 917.4 mln
+      Avg shrs 134.9 mln vs 131.7 mln
+      12 mths
+      Shr 2.87 dlrs vs 3.32 dlrs
+      Net 383.4 mln vs 413.5 mln
+      Revs 4.5 billion vs 4.4 billion
+      Avg shrs 133.7 mln vs 124.7 mln
+      NOTES: Year ago results restated to reflect application of
+  new accounting for disallowances
+      Full name is Public Service Enterprise Group Inc
+  
+
diff --git a/reuters/training/6199 b/reuters/training/6199
new file mode 100644
index 0000000000000000000000000000000000000000..1906a827af700927ce612216ade65717af6a3ee4
--- /dev/null
+++ b/reuters/training/6199
@@ -0,0 +1,10 @@
+PENTRON CORP <PEN> UNIT TO BUY ICE CREATIONS
+  Pentron Corp said its
+  Rotational Molding Inc unit has purchased privately held Ice
+  Creations Unlimited for an undisclosed amount of cash and other
+  considerations.
+      The company said Ice Creations had sales of 1.2 mln dlrs in
+  the year ended May 31, 1986.
+      Ice creations is a molder of plastics.
+  
+
diff --git a/reuters/training/6201 b/reuters/training/6201
new file mode 100644
index 0000000000000000000000000000000000000000..db3ab03f7fb59e8e6a7a18301a3c78c707226e6b
--- /dev/null
+++ b/reuters/training/6201
@@ -0,0 +1,49 @@
+U.K. OIL REVENUE FORECAST TO FALL IN 1987/88
+  The U.K. Government forecasts that oil
+  revenues will fall to four billion stg in the fiscal year
+  1987/88, from 4.75 billion in 1986/87 and 11.5 billion in
+  1985/86.
+      The forecast came in the Treasury's Financial Statement and
+  Budget Report issued after the Chancellor of the Exchequer
+  Nigel Lawson's annual budget statement to parliament.
+      The government is assuming the price of oil will average 15
+  dlrs a barrel, in line with its earlier forecasts, and its oil
+  revenue calculation is based on an exchange rate remaining
+  close to current levels, the Treasury document said.
+      The Treasury said the 1987/88 oil revenue shortfall will
+  reflect the oil price fall of 1986, as North Sea corporation
+  tax is paid after a time lag.
+      The statement calculated that a one dlr a barrel difference
+  in oil prices this year will change revenue by about 350 mln
+  stg for the current fiscal year, and 400 mln stg in a full
+  year.
+      Oil production is forecast to fall slightly in 1987,
+  according to the statement. A change in one mln tonnes in
+  production would alter revenue by about 45 mln stg in 1987/88
+  and 50 mln stg in a full year, it added.
+      Total general government receipts for 1986/87 are now
+  estimated to be 159.2 billion stg, 2.75 billion more than the
+  1986 Budget forecasts and above the Autumn Statement forecasts,
+  despite a shortfall of 1.25 billlion in oil receipts.
+      Additional non-North Sea corporation tax of 1.75 billion
+  stg and VAT of 750 mln stg account for the bulk of the
+  overshoot.
+      Total general government receipts were forecast to rise to
+  168.8 billion stg in fiscal 1987/88, and among the main items,
+  besides diminishing oil revenues, were projected income tax of
+  40 billion stg, up from 38.4 billion in the current year.
+      Non-North Sea corporation tax is forecast to bring in 13.5
+  billion stg in 1987/88, after the revised 11.2 billion in
+  1986/87, and VAT revenue should amount to 23.3 billion,
+  compared with upwardly revised estimated 21.5 billion this
+  fiscal year.
+      The general government expenditure for the coming fiscal
+  year is expected to total 173.5 billion stg, up from a revised
+  164.9 billion in the current year.
+      A repayment of 800 mln on public corporations' market and
+  overseas borrowings is forecast to bring the total Public
+  Sector Borrowing Requirement down to 3.9 billion stg in
+  1987/88, from this year's revised 4.1 billion, the Treasury
+  said.
+  
+
diff --git a/reuters/training/6202 b/reuters/training/6202
new file mode 100644
index 0000000000000000000000000000000000000000..f61c3ae2f7a2116d5ac8c05ec8139d6fc60ab042
--- /dev/null
+++ b/reuters/training/6202
@@ -0,0 +1,35 @@
+REYNOLD METALS <RLM> UP ON FURMAN SELZ REPORT
+  Shares of Reynolds Metals Co rose
+  sharply after Wall Street firm Furman Selz Mager Dietz and
+  Birney issued a report focusing on the strong earnings
+  potential from the company's Australian gold holding, traders
+  familiar with the report said.
+      Traders said the report notes that earnings from Australian
+  gold holdings could be worth about 35 cts to 55 cts a share
+  this year and 1.40 dlrs to two dlrs a share in 1988.
+      Reynolds Metals rose three points to 59-5/8 on volume of
+  729,500 shares.
+      Reynolds owns stakes in the Mount Gibson gold project and
+  the Boddington gold project, both located in Australia. An
+  analyst familiar with the two mines said "the properties,
+  together, have a potential value of 20 dlrs to 40 dlrs a share
+  for Reynolds."
+      The analyst, who asked not to be identified, said the rise
+  in the stock today was likely the result of "U.S. investors
+  that were not completely cognizant of the size or the
+  importance of the (Reynolds') holdings in Australia."
+      Traders said the Furman Selz report indicates that gold was
+  discovered mixed with bauxite in the Boddington mine.
+  Boddington is principally a bauxite mine.
+      The traders said the report goes on to say that the profits
+  from the Boddington gold with substantially reduce the
+  production costs of the other metals mined at Boddington.
+      Traders said Furman Selz also boosted its earnings
+  estimates, expecting Reynolds Metals to earn 4.10 dlr a share
+  in 1987 and eight dlrs a share in 1988.
+      Last year, Reynolds reported net earnings of 8.18 dlrs a
+  share, which included 3.09 dlrs a share for adoption of new
+  accounting rules, 1.01 dlrs a share for tax loss carryforwards
+  and other extraordinary items.
+  
+
diff --git a/reuters/training/6204 b/reuters/training/6204
new file mode 100644
index 0000000000000000000000000000000000000000..63f611de67a75028ec4c72554ee32e154506a19d
--- /dev/null
+++ b/reuters/training/6204
@@ -0,0 +1,3 @@
+17-MAR-1987
+  17-MAR-1987
+
diff --git a/reuters/training/6205 b/reuters/training/6205
new file mode 100644
index 0000000000000000000000000000000000000000..9094aa54471858390c17355020a1d62853fd6e2c
--- /dev/null
+++ b/reuters/training/6205
@@ -0,0 +1,6 @@
+WESTERN FEDERAL SAVINGS BANK <WFPR> UPS PAYOUT
+  Qtly div 15 cts vs 12-1/2 cts prior
+      Pay April 15
+      Record March 31
+  
+
diff --git a/reuters/training/6208 b/reuters/training/6208
new file mode 100644
index 0000000000000000000000000000000000000000..a3232d64501b4d368ab4207a69456cdc598b7d33
--- /dev/null
+++ b/reuters/training/6208
@@ -0,0 +1,17 @@
+OPEC WANTS 18 DLR OIL PRICE - OAPEC OFFICIAL
+  OPEC believes world oil prices should
+  be set around a fixed average price of 18 dlrs a barrel, OAPEC
+  Assistant General Secretary Abdelaziz Al-Wattari said.
+      In a speech to a European Community/OAPEC/OPEC seminar in
+  Luxembourg released here, Al-Wattari said, "OPEC believes ...the
+  world energy trade should be kept without restrictions and
+  should be built around a fixed average price of 18 dlrs."
+      Al-Wattari noted that total OPEC output was below the
+  organization's agreed ceiling for all member countries in
+  February, although this had meant sacrifices. The effect of
+  these sacrifices meant that market stability, though restored
+  to a good level, was still under pressure, Al-Wattari said.
+      "A lasting stability in the world market requires a wider
+  scope of international cooperation," he said.
+  
+
diff --git a/reuters/training/6209 b/reuters/training/6209
new file mode 100644
index 0000000000000000000000000000000000000000..2cf878bd2549a73e7dd7e39b46f80c7a4eb2a612
--- /dev/null
+++ b/reuters/training/6209
@@ -0,0 +1,56 @@
+U.S. HOUSE APPROVES PILOT 0/92 DISASTER PROGRAM
+  The House of Representatives
+  approved a bill to enable 1987 winter wheat and feedgrains
+  farmers hit by midwestern flooding last year to receive at
+  least 92 pct of their federal income support payments even if
+  they did not plant.
+      The one-time pilot 0/92 program, designed to assist farmers
+  in Kansas, Oklahoma, Michigan and parts of Missouri, was passed
+  by a 304-100 vote and sent to the Senate.
+      Although the bill includes a narrow version of the 0/92
+  provision endorsed by the Reagan administration, the U.S.
+  Agriculture Department withheld its support from the measure.
+      USDA said the bill would discourage farmers from buying
+  crop insurance and fall short of the administration's proposed
+  broad-scale revision of farm programs.
+      The bill would permit winter wheat producers prevented from
+  planting their 1987 crop last fall to receive 92 pct of the
+  deficiency payments they would have received.
+      To be eligible, winter wheat farmers could not plant a
+  different crop on that land this spring, although they could
+  use the land for grazing or to plant hay.
+      USDA estimated this provision would save 30 mln dlrs,
+  largely because of reduced crop forfeitures.
+      The bill also would aid about 200 feedgrains producers
+  along the Missouri and Mississippi Rivers who were prevented
+  from planting crops this year because of residual damage from
+  last fall's flooding.
+      In addition, the measure would require USDA to make full
+  payment to farmers eligible for emergency assistance approved
+  by Congress last fall.
+      Currently, because claims have outstripped the 400 mln dlrs
+  in appropriated funds, USDA plans to offer farmers in the
+  region 74 cents for every dollar in disaster losses.
+      The administration said it opposed the bill because, by
+  expanding the 400 mln dlrs in disaster relief, it would thwart
+  efforts to encourage farmers to buy crop insurance as an
+  alternative to federal disaster assistance.
+      USDA also said the 0/92 provisions in the bill were
+  narrower than the administration's proposal to offer the option
+  to all major commodities and would produce insignificant
+  savings.
+      USDA said the 0/92 option for 1987 winter wheat farmers
+  would produce a net savings of about 30 mln dlrs, while the
+  requirement to compensate fully disaster-struck farmers would
+  cost about 135 mln dlrs, which must be appropriated by
+  Congress. The feedgrains provision would cost about five mln
+  dlrs.
+      USDA estimated the overall cost of the bill to be 111 mln
+  dlrs.
+      In January the Senate approved a bill that would make 1987
+  winter wheat farmers eligible for disaster assistance payments.
+      But the Senate bill would not offer the 0/92 option to
+  wheat and feedgrains producers or raise the 400-mln dlr ceiling
+  on the disaster assistance program.
+  
+
diff --git a/reuters/training/6211 b/reuters/training/6211
new file mode 100644
index 0000000000000000000000000000000000000000..7fd0d755ffac73a195b1f3c234966246c790d572
--- /dev/null
+++ b/reuters/training/6211
@@ -0,0 +1,10 @@
+DIODES INC <DIO> 3RD QTR JAN 31 NET
+  Shr profit one cts vs profit four cts
+      Net profit 27,490 vs 89,687
+      Sales 2,899,189 vs 2,785,931
+      Nine mths
+      Shr loss four cts vs profit nine cts
+      Net loss 78,038 vs profit 184,062
+      Sales 8,785,918 vs 8,273,913
+  
+
diff --git a/reuters/training/6212 b/reuters/training/6212
new file mode 100644
index 0000000000000000000000000000000000000000..3a619161d9223a496e800316650974f8b9b439cb
--- /dev/null
+++ b/reuters/training/6212
@@ -0,0 +1,5 @@
+ALLEGHENY BEVERAGE SAYS GROUP INTERESTED IN ACQUIRING ITS SERVICE AMERICA CORP UNIT
+
+  ALLEGHENY BEVERAGE SAYS GROUP INTERESTED IN ACQUIRING ITS SERVICE AMERICA CORP UNIT
+  
+
diff --git a/reuters/training/6213 b/reuters/training/6213
new file mode 100644
index 0000000000000000000000000000000000000000..d577cf3714ce30e7637b76ca11c97aa2730ef5d3
--- /dev/null
+++ b/reuters/training/6213
@@ -0,0 +1,16 @@
+MONY REAL ESTATE INVESTORS <MYM> 3RD QTR FEB 28
+  Oper shr nine cts vs 128 cts
+      Qtly div 18 cts vs 22 cts prior
+      Oper net 951,000 vs 1,817,000
+      Total income 5,010,000 vs 5,575,000
+      Nine mths
+      Oper shr 39 cts vs 59 cts
+      Oper net 4,014,000 vs 5,936,000
+      Total income 15.2 mln vs 16.7 mln
+      NOTE: Current year net both periods includes 750,000 dslr
+  provision for possible losses.
+      Net excludes gains from sale of investment of 1,461,000
+  dlrs vs 346,000 dlrs in quarter and in nine mths.
+      Dividend pay April 15, record March 31.
+  
+
diff --git a/reuters/training/6214 b/reuters/training/6214
new file mode 100644
index 0000000000000000000000000000000000000000..ef2bc36f4de68d652e9a1abdfbd0decec6abfe84
--- /dev/null
+++ b/reuters/training/6214
@@ -0,0 +1,14 @@
+HILTON <HLT> SEES IMPROVED FIRST QUARTER PROFITS
+  Hilton Hotels Corp expects earnings
+  per share for first quarter fiscal 1987 to March 31 to be about
+  90 cts compared with 70 cts a year earlier, Hilton Hotels
+  division president Carl Mottek said.
+      He told a news conference the company expected costs for
+  its first 10 all-suite hotels, announced today, to be about 150
+  mln dlrs. Initial financing would come from the company's cash
+  flow. Later, Hilton plans to use borrowings from traditional
+  sources, he added.
+      Hilton, which hopes to build 50 all-suite hotels within
+  five years, may take in partners in the new venture, he added.
+  
+
diff --git a/reuters/training/6215 b/reuters/training/6215
new file mode 100644
index 0000000000000000000000000000000000000000..d41e516df102bcc963f915d69fe02415960e3ce2
--- /dev/null
+++ b/reuters/training/6215
@@ -0,0 +1,39 @@
+H.J. HEINZ <HNZ> POISED FOR RECORD YEAR
+  H.J. Heinz Co is "within sight of our
+  22nd consecutive year of new records in financial growth" for
+  the fiscal year ending April 30, Chairman and Chief Executive
+  Officer Anthony O'Reilly told investment analysts.
+      O'Reilly, who declined to make a specific projection, said
+  the food company is "stronger than at any time in its 118-year
+  history."
+      Last week Heinz reported third-quarter earnings rose to 55
+  cts a share from 46 cts a share. Sales rose to 1.08 billion
+  dlrs from 1.01 billion dlrs a year earlier.
+      O'Reilly said Heinz will concentrate on backing its big
+  brands, new products and services, new geography, internal
+  growth and acquisitions.
+      He said Heinz Ketchup has its highest market share in
+  history, 55 pct. But in response to a question, the executive
+  said a volume falloff in the overall product category "is a
+  concern to us."
+      O'Reilly said Weight Watchers continues to perform well and
+  will generate revenue in fiscal 1987 of approximately 940 mln
+  dlrs.
+      O'Reilly told analysts Heinz is in active negotiations to
+  build a second plant in China, where it entered a joint venture
+  with the government in 1984, forming Heinz-UFE Ltd, which
+  produces dry baby food cereal.
+      He said Heinz-Japan is "making a profit and generating its
+  first substantial dividends," and implementation of a new
+  partnership, Seoul-Heinz Ltd, is moving ahead with a new
+  manufacturing plant targeted for completion by June in Seoul,
+  South Korea.
+      To increase its competitiveness, O'Reilly said Heinz
+  implemented a "lowest cost imaginable" program targeted at
+  manufacturing, sales and marketing and procurement.
+      He said a modernization program is in effect at the
+  company's United Kingdom operations, where the labor force,
+  trimmed to 4,000 from 10,000, is expected to be further reduced
+  to 2,500 in 1988.
+  
+
diff --git a/reuters/training/6217 b/reuters/training/6217
new file mode 100644
index 0000000000000000000000000000000000000000..cf3aeeb8bc7724e9f233302ee8df5437e9ff5fec
--- /dev/null
+++ b/reuters/training/6217
@@ -0,0 +1,39 @@
+ALLEGHENY BEVERAGE <ABEV> EXPLORES UNIT SALE
+  Allegheny Beverage Corp said it
+  has been approached by a group interested in acquiring its
+  foodservice unit, Service America Corp.
+      The group includes senior management of Service America but
+  no officers of Allegheny Beverage, the company said.
+      The company has agreed to permit the group and its
+  potential lenders to perform a due diligence review of Service
+  America, it said.
+      Allegheny noted it had previously cancelled plans to spin
+  off the foodservice subsidiary.
+      The company said the group's review is preliminary and
+  there is no assurance that an acquisition proposal will be made
+  or, if made, accepted.
+      Service America had fiscal 1986 revenues of about 934 mln
+  dlrs, or about 83 pct of Allegheny Beverage's total revenues of
+  1.13 billion dlrs for the year ended March 29, 1986, a
+  spokesman for Allegheny Beverage said.
+      He declined to identify the Service America officials in
+  the acquisition group.
+      On Feb 18, 1987, Allegheny said it was cancelling the spin
+  off of Service America, but gave no reason for doing so. It
+  said it would place major emphasis on managing Service America
+  to improve operations and increase earnings at the unit.
+      Service America, which Allegheny acquired in May 1985,
+  operates cafeterias and food and beverage vending machines.
+  Through other subsidiaries, Allegheny provides coin-operated
+  laundry services, building maintenance services and retail
+  office and furniture operations.
+      In fiscal 1986, Allegheny reported earnings from continuing
+  operations of 8.2 mln dlrs or 1.09 dlrs a fully diluted share,
+  excluding income of 59.7 mln dlrs from discontinued operations
+  and an extraordinary loss of 8.1 mln dlrs. In May 1985,
+  Allegheny sold its Pepsi-Cola Bottling Co unit to Pepsico Inc
+  <PEP> for 160 mln dlrs.
+      Including discontinued operations and the special item, net
+  income was 59.8 mln dlrs or 6.21 dlrs a share fully diluted.
+  
+
diff --git a/reuters/training/6218 b/reuters/training/6218
new file mode 100644
index 0000000000000000000000000000000000000000..e3797cc40b15cc39c701ebf9102defba3d155e3e
--- /dev/null
+++ b/reuters/training/6218
@@ -0,0 +1,16 @@
+INSPIRATION <IRC> IN CANADIAN GOLD FIND
+  Inspiration Resources Corp said a gold
+  project in northern Manitoba in which it has a 44.8 pct
+  interest has yielded estimated total reserves of 1,580,000
+  short tons grading an average 0.185 ounce of gold per ton.
+      The company said <Manitoba Mineral Resources Ltd> owns the
+  remaining interest in the project, which is located about 25
+  miles east of Lynn Lake.
+      Inspiration said the project has proven reserves of 538,000
+  tons assayed at 0.212 ounce of gold per ton, probable reserves
+  of 686,000 tons at 0.166 ounce and possible reserves of 355,000
+  tons at 0.183 ounce.
+      Inspiration said a production decision is expected to be
+  made in 1988.
+  
+
diff --git a/reuters/training/6220 b/reuters/training/6220
new file mode 100644
index 0000000000000000000000000000000000000000..30cb940e56256a1c633e213294922df1ffad88f6
--- /dev/null
+++ b/reuters/training/6220
@@ -0,0 +1,13 @@
+MARCOR <MAAR> EXPECTS FISCAL YEAR PROFIT
+  MarCor Development Co Inc said
+  it expects to post a profit for its fiscal year ended February
+  28 of about two mln dlrs, compared to a year earlier loss of
+  3.2 mln dlrs.
+      During the prior year the company operated as F and M
+  Importing, a publicly-held wholesale food distributor.
+      During March last year privately-held Marcor acquired a
+  controlling interest in F and M Importing, divested the food
+  business, renamed the company and began operating as a real
+  estate investment and service company.
+  
+
diff --git a/reuters/training/6221 b/reuters/training/6221
new file mode 100644
index 0000000000000000000000000000000000000000..fd1398aed1b5ee48676e31d86ed861d6fc932fe4
--- /dev/null
+++ b/reuters/training/6221
@@ -0,0 +1,14 @@
+HONDURAS AUTHORIZED TO BUY PL 480 COMMODITIES
+  Honduras has been authorized to buy
+  about 75,000 tonnes of U.S. wheat, about 15,000 tonnes of U.S.
+  corn, and about 6,000 tonnes of U.S. tallow under an existing
+  PL 480 agreement, the U.S. Agriculture Department said.
+      The department said it may buy the wheat, valued at 8.5 mln
+  dlrs, the corn, valued at 1.5 mln, and the tallow, valued at
+  2.0 mln dlrs, between March 24 and August 31, 1987, and ship it
+  from U.S. ports and/or Canadian transshipment points by this
+  September 30.
+      The purchase authorizations cover the entire quantity
+  provided under the agreement, signed March 11.
+  
+
diff --git a/reuters/training/6222 b/reuters/training/6222
new file mode 100644
index 0000000000000000000000000000000000000000..1bb8e07c0015177054e7da3acc1426398df9c953
--- /dev/null
+++ b/reuters/training/6222
@@ -0,0 +1,9 @@
+VALLEY RESOURCES (VR) SETS STOCK SPLIT, UPS PAYOUT
+  Valley Resources Inc said its
+  board declared a three-for-two stock split and raised the
+  quarterly cash dividend on the pre-split shares to 42 cts from
+  38 cts.
+      The company said both the split and the dividend are
+  payable April 15 to holders of record March 31.
+  
+
diff --git a/reuters/training/6223 b/reuters/training/6223
new file mode 100644
index 0000000000000000000000000000000000000000..87f33e7edc8e31905dbdd17595b8721d1f205f8f
--- /dev/null
+++ b/reuters/training/6223
@@ -0,0 +1,12 @@
+CROSS BOOSTS FROST AND SULLIVAN <FRSL> HOLDINGS
+  A shareholder group led by New York
+  investor Theodore Cross said in a Securities and Exchange
+  Commission filing that it boosted its stake in Frost and
+  Sullivan Inc common stock to 208,800 shares or 13.7 pct of the
+  total outstanding.
+      The group said Cross bought 17,000 shares in the open
+  market between Feb. 17 and March 10.
+      The group had said previously that its Frost and Sullivan
+  share purchases were for investment.
+  
+
diff --git a/reuters/training/6225 b/reuters/training/6225
new file mode 100644
index 0000000000000000000000000000000000000000..a8425a0f3753dd27d3ed9be45c47973a2a07bab6
--- /dev/null
+++ b/reuters/training/6225
@@ -0,0 +1,40 @@
+PERU TO SELL 40 STATE FIRMS TO CUT BUDGET DEFICIT
+  peru will sell about 40 state-owned firms
+  to trim a projected 740 mln dlrs loss this year among
+  government-owned companies.
+      Some companies would be sold in their entirety and others
+  would be privatised only partially, according to jose palomino,
+  president of the government's state company holding firm, the
+  national development council (conade).
+       He told reporters in a radio interview that the aim was to
+  slim a projected public sector firm deficit of 11 billion
+  intis. He did not say if foreigners would be allowed to buy all
+  or part of the companies.
+      Independent economists warn that the deficit could push
+  inflation to between 60 and 100 pct in 1987, against the
+  govenment target of 40-50 pct.
+      Palomino said aeroperu, the government flagship airline
+  with a 10-jet fleet, would issue stock for purchase by private
+  investors. The company in 1986 registered its first profit in
+  eight years, earning about 44.6 mln intis in pre-tax profits.
+      Peru has about 140 non-financial state firms. Palomino said
+  the government would soon publish a list of those to be sold,
+  including those whose shares would be offered on the lima stock
+  exchange.
+      Last november, palomino said conade's plans included the
+  possible sale of a company producing palm oil and another
+  manufacturing electrical appliances. Shares could also be sold
+  in a copper mine, empresa nacional tintaya sa, in the southern
+  state of  arequipa.
+      Neither Palomino nor conade's general manager, enrique
+  estremadoyro, were available for comment on whether foreigners
+  would be allowed to purchase the companies. Their secretaries
+  said they were out of their offices.
+      Jose antonio almenara, the general manager of the lima
+  stock exchange, where shares of the state-owned firms could be
+  sold, told reuters that the only foreigners who could purchase
+  stock at the exchange had to be tax-paying residents of peru.
+      He said foreign stockholders cannot remit profits abroad
+  until at least july 1988.
+  
+
diff --git a/reuters/training/6227 b/reuters/training/6227
new file mode 100644
index 0000000000000000000000000000000000000000..d21fff79d7951326a59ff2444ac16923258a63a8
--- /dev/null
+++ b/reuters/training/6227
@@ -0,0 +1,6 @@
+INTERDYNE CO <IDYN> 1ST QTR FEB 1 LOSS
+  Shr loss 28 cts vs loss 80 cts
+      Net loss 2,150,000 vs loss 3,722,000
+      Sales 1,478,000 vs loss 2,097,000
+  
+
diff --git a/reuters/training/6231 b/reuters/training/6231
new file mode 100644
index 0000000000000000000000000000000000000000..9def6ff944520afbe8d24ca45fef157eccf02331
--- /dev/null
+++ b/reuters/training/6231
@@ -0,0 +1,11 @@
+KILLEARN PROPERTIES INC <KPI> 3RD QTR NET
+  Qtr ends Jan 31
+      Shr 23 cts vs eight cts
+      Net 309,963 vs 110,356
+      Revs 2,503,451 vs 1,351,076
+      Nine mths
+      Shr 62 cts vs 25 cts
+      Net 851,776 vs 331,666
+      Revs 6,739,351 vs 4,107,713
+  
+
diff --git a/reuters/training/6232 b/reuters/training/6232
new file mode 100644
index 0000000000000000000000000000000000000000..f8ff57272a67aded6071f1fb69c5a27470083454
--- /dev/null
+++ b/reuters/training/6232
@@ -0,0 +1,11 @@
+<GATEWAY MEDICAL SYSTEMS INC> 3RD QTR LOSS
+  Period end Jan 31
+      Shr loss one cts vs profit eight cts
+      Net loss 52,198 vs profit 602,766
+      Revs 18.6 mln vs 7,833,424
+      Nine mths
+      Shr profit 10 cts vs profit six cts
+      Net profit 809,243 vs profit 393,372
+      Revs 36.3 mln vs 18.7 mln
+  
+
diff --git a/reuters/training/6233 b/reuters/training/6233
new file mode 100644
index 0000000000000000000000000000000000000000..2c8ab5b0b8da0b4ea923ca4153bb8a66b82422e4
--- /dev/null
+++ b/reuters/training/6233
@@ -0,0 +1,7 @@
+SPARTECH CORP <SPTN> 1ST QTR JAN 31 NET
+  Shr two cts vs three cts
+      Net 369,000 vs 347,000
+      Revs 21.3 mln vs 14 mln
+      NOTE: Per shr reflects payment of preferred dividends.
+  
+
diff --git a/reuters/training/6234 b/reuters/training/6234
new file mode 100644
index 0000000000000000000000000000000000000000..9e11d55c15e08d28a0405bcd235feb017f7ddc46
--- /dev/null
+++ b/reuters/training/6234
@@ -0,0 +1,16 @@
+ACADEMY INSURANCE GROUP INC <ACIG> 4TH QTR NET
+  Shr profit two cts vs loss 1.05 dlrs
+      Net profit 1,666,000 vs loss 18,306,000
+      Revs 29.1 mln vs 28.3 mln
+      Avg shrs 69.1 mln vs 17.5 mln
+      Year
+      Shr loss 21 cts vs loss 2.72 dlrs
+      Net loss 7,571,000 vs loss 45,517,000
+      Revs 117.4 mln vs 123.3 mln
+      Avg shrs 35.4 mln vs 16.7 mln
+      NOTE: Results include losses of nil vs 473,000 dlrs, or
+  three cts a share, in quarter and 921,000 dlrss, or three cts a
+  share, vs 1,137,000 dlrs or seven cts a share, in year from
+  discontinued operations
+  
+
diff --git a/reuters/training/6235 b/reuters/training/6235
new file mode 100644
index 0000000000000000000000000000000000000000..754e5456e80c7261d21f037181b000002270f36a
--- /dev/null
+++ b/reuters/training/6235
@@ -0,0 +1,6 @@
+ESSEX CHEMICAL CORP <ESX> REGULAR DIVIDEND
+  Qtly div 15 cts vs 15 cts in prior qtr
+      Payable May 11
+      Record April 10
+  
+
diff --git a/reuters/training/6236 b/reuters/training/6236
new file mode 100644
index 0000000000000000000000000000000000000000..d2d3e352e980e0f57f4df2459ec068ff392d2766
--- /dev/null
+++ b/reuters/training/6236
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 350,000 TONNES CORN  SOLD TO UNKNOWN DESTINATIONS FOR 1986/87
+
+  U.S. EXPORTERS REPORT 350,000 TONNES CORN  SOLD TO UNKNOWN DESTINATIONS FOR 1986/87
+  
+
diff --git a/reuters/training/6239 b/reuters/training/6239
new file mode 100644
index 0000000000000000000000000000000000000000..24a05be1d23df9d4d56330d91a63dcefef99a73e
--- /dev/null
+++ b/reuters/training/6239
@@ -0,0 +1,11 @@
+USDA REPORTS 350,000 TONNES CORN TO UNKNOWN
+  The U.S. Agriculture Department said
+  private U.S. exporters reported sales of 350,000 tonnes of corn
+  for delivery to unknown destinations during the 1986/87
+  marketing season.
+      The marketing year for corn began September 1.
+      This is the second day running that exporters have reported
+  corn sales to unknown destinations. Yesterday, they reported
+  sales of 150,000 tonnes to unknown.
+  
+
diff --git a/reuters/training/6240 b/reuters/training/6240
new file mode 100644
index 0000000000000000000000000000000000000000..56c37cc804716c7b139555f69d461f4c85b6bf79
--- /dev/null
+++ b/reuters/training/6240
@@ -0,0 +1,9 @@
+HRE PROPERTIES <HRE> 1ST QTR ENDS JAN 31 NET
+  Shr 38 cts vs 47 cts
+      Net 2,253,664 vs 2,806,820
+      Revs 5,173,318 vs 5,873,904
+      NOTE: 1987 qtr includes 126,117 dlrs, or two cts per share,
+  from gains on sale of property, vs gain 29,812, or less than
+  one cent per share, for prior qtr.
+  
+
diff --git a/reuters/training/6242 b/reuters/training/6242
new file mode 100644
index 0000000000000000000000000000000000000000..a498973816f226e513b233c03b4abb740135b7c5
--- /dev/null
+++ b/reuters/training/6242
@@ -0,0 +1,10 @@
+JAYARK CORP <JAYA> 3RD QTR ENDS JAN 31 LOSS
+  Shr nil vs nil
+      Net loss 77,879, vs loss 65,501
+      Revs 3,895,741 vs 4,872,163
+      Nine mths
+      Shr profit nine cts vs profit two cts
+      Net profit 488,898 vs profit 118,208
+      Revs 13.0 mln vs 15.8 mln
+  
+
diff --git a/reuters/training/6243 b/reuters/training/6243
new file mode 100644
index 0000000000000000000000000000000000000000..7d0ee250bba6b9db8ac94f5f32ff911a1807c17e
--- /dev/null
+++ b/reuters/training/6243
@@ -0,0 +1,7 @@
+<BIO-VASCULAR INC> 1ST QTR JAN 31 LOSS
+  Shr loss three cts vs profit two cts
+      Net loss 54,791 vs profit 28,866
+      Sales 137,9810 vs 338,886
+      Avg shrs 1,602,717 vs 1,331,739
+  
+
diff --git a/reuters/training/6244 b/reuters/training/6244
new file mode 100644
index 0000000000000000000000000000000000000000..65bbd5ef0803e07011a8ff39d39fe56390a613aa
--- /dev/null
+++ b/reuters/training/6244
@@ -0,0 +1,13 @@
+GREAT AMERICAN MANAGEMENT <GAMI> 2ND QTR LOSS
+  Period ended Jan 31
+      Shr loss 89 cts vs loss 82 cts
+      Net loss 5,187,000 vs loss 5,362,000
+      Revs 128.4 mln vs 50.3 mln
+      Six mths
+      Shr loss 1.27 dlrs vs loss 1.04 dlrs
+      Net loss 7,015,000 vs loss 6,790,000
+      Revs 264.7 mln vs 97.3 mln
+      NOTE: Full name is Great American Management and Investment
+  Inc
+  
+
diff --git a/reuters/training/6246 b/reuters/training/6246
new file mode 100644
index 0000000000000000000000000000000000000000..8baa77b8da342c4cd78fdea26f5173997e94ea48
--- /dev/null
+++ b/reuters/training/6246
@@ -0,0 +1,14 @@
+NORSTAR <NOR> TO BUY CALLICOON BANK
+  Norstar Bancorp said it reached an
+  agreement in principle to buy United National Bank of Callicoon
+  through a stock exchange valued at 20 mln dlrs.
+      Under terms of the agreement, Norstar would buy all 201,660
+  shares of United's common stock at a rate of three Norstar
+  shares for each United share.
+      With year-end assets of 90 mln dlrs, United has branches
+  six upstate New York cities, all of which will become part of
+  Norstar Bank of the Hudson Valley, N.A.
+      Norstar is an 11.1 billion dlr multibank financial services
+  company.
+  
+
diff --git a/reuters/training/6248 b/reuters/training/6248
new file mode 100644
index 0000000000000000000000000000000000000000..78506ee90dd0e0fe578b179ddd3bc8169455a2b1
--- /dev/null
+++ b/reuters/training/6248
@@ -0,0 +1,13 @@
+ACADEMY INSURANCE GROUP INC <ACIG> 4TH QTR NET
+  Oper shr profit one ct vs loss 1.14 dlrs
+      Oper net profit 435,000 vs loss 19.9 mln
+      Year
+      Oper shr loss 28 cts vs loss 2.78 dlrs
+      Oper net loss 10 mln vs loss 46.5 mln
+      NOTE: Excludes investment gains of one ct per share vs 12
+  cts in the quarter, and gains 10 cts per share vs 13 cts in the
+  year. Excludes loss from discontinued operations of three cts
+  per share in fourth quarter 1985, and loss of 21 cts per share
+  vs loss 2.72 dlrs in the year.
+  
+
diff --git a/reuters/training/6252 b/reuters/training/6252
new file mode 100644
index 0000000000000000000000000000000000000000..fa90554b21feaae788390c928ec818dbe1830d49
--- /dev/null
+++ b/reuters/training/6252
@@ -0,0 +1,6 @@
+MANUFACTURERS HANOVER CORP <MHC> SETS DIVIDEND
+  Qtly div 82 cts vs 82 cts prior
+      Pay April 25
+      Record April one
+  
+
diff --git a/reuters/training/6253 b/reuters/training/6253
new file mode 100644
index 0000000000000000000000000000000000000000..de319b2e39a21d0bc9c19b468151110ca250a8cd
--- /dev/null
+++ b/reuters/training/6253
@@ -0,0 +1,21 @@
+UK TRADE WARY OF HIGHER EC GRAIN LEVY
+  The European Community may decide to
+  increase the cereals co-responsibility levy and extend its
+  scope to cover cereal substitutes if the Commission's 1987/88
+  farm price package is opposed by member states, Edgar Pye,
+  vice-president of the British agricultural merchants'
+  association UKASTA, said.
+      At the moment the Commission is proposing the rate of levy
+  remain unchanged at three pct - but Pye, addressing a feed
+  manufacturers' dinner in Glasgow, said this could change if its
+  controversial plans to cut cereal prices and introduce an oils
+  and fats tax are blocked
+      Pye said UKASTA would continue to fight the cereals levy
+  "tooth and nail."
+      However, a test case in the European Court of Justice
+  contesting the legality of the current regulation applying the
+  levy, which is being backed by the EC feed manufacturers'
+  organisation FEFAC, was not now expected to be heard until the
+  end of 1987, he said.
+  
+
diff --git a/reuters/training/6254 b/reuters/training/6254
new file mode 100644
index 0000000000000000000000000000000000000000..1ec59efb74f224fc6d2ee4190bfdc5d050557ad2
--- /dev/null
+++ b/reuters/training/6254
@@ -0,0 +1,13 @@
+WILLIAMS INDUSTRIES INC <WMSI> 2ND QTR NET
+  Qtr ended Jan 31
+      Shr 10 cts vs three cts
+      Net 194,842 vs 54,200
+      Revs 22.2 mln vs 11.2 mln
+      Six mths
+      Shr 50 cts vs 28 cts
+      Net 965,924 vs 502,008
+      Revs 43.8 mln vs 21.6 mln
+      Note: Current six mths revs include 16.8 mln dlrs in revs
+  from John F. Beasley Construction Co, a wholly owned unit.
+  
+
diff --git a/reuters/training/6257 b/reuters/training/6257
new file mode 100644
index 0000000000000000000000000000000000000000..f33b5a2333ad6c83d0d363727074ff13e644ea46
--- /dev/null
+++ b/reuters/training/6257
@@ -0,0 +1,12 @@
+<HANOVER COS INC> 3RD QTR JAN 31 LOSS
+  Oper shr loss 26 cts vs profit 22 cts
+      Oper net loss 672,879 vs profit 596,760
+      Revs 2,188,678 vs 2,364,280
+      Nine mths
+      Oper shr loss 1.60 dlrs vs profit 92 cts
+      Oper net loss 4,278,055 vs profit 2,472,532
+      Revs 5,896,322 vs 7,497,782
+      Note: Oper net excludes tax gains of 596,000 dlrs for
+  year-ago qtr and 2,173,000 dlrs for year-ago nine mths.
+  
+
diff --git a/reuters/training/6259 b/reuters/training/6259
new file mode 100644
index 0000000000000000000000000000000000000000..ebeb2864788b17cc25f3f20b671b95afc95fbdb3
--- /dev/null
+++ b/reuters/training/6259
@@ -0,0 +1,39 @@
+U.S. CERTIFICATES TO PROVIDE WHEAT/CORN SUPPLIES
+  From April through December 1986,
+  the Commodity Credit Corporation (CCC) issued 3.85 billion dlrs
+  worth of generic certificates and about 1.8 billion had not
+  been exchanged by January 1, 1987, the U.S. Agriculture
+  Department said.
+      The department said an additional 4.3 billion dlrs in
+  certificates has been authorized for issuance during
+  January-August, 1987.
+      These certificates will provide ample free supplies of corn
+  and wheat for the remainder of the crop year, the department
+  said in a summary of its Agricultural Outlook report.
+      Freeing of stocks through certificates is making U.S. grain
+  more competitive on world markets, it said.
+      The department said last summer, for example, certificates
+  were exchanged for 215 mln bushels of corn. This helped
+  increase marketable supplies, so farm-level corn prices
+  averaged about two dlrs per bushel -- somewhat lower than they
+  would have otherwise.
+      The lower prices probably led to an increase in usage of 40
+  to 50 mln bushels, it said.
+      The department said government spending on farm programs in
+  fiscal year 1987 is projected to fall half a billion dlrs from
+  1986's 25.8 billion dlrs.
+      During 1988 and 1989, the cost escalation of the first half
+  of the 1980's will reverse. If current policy remains in force,
+  annual farm program spending by 1992 will be down from last
+  year's record by more than eight billion dlrs, it said.
+      The department said the President's budget proposals for
+  1988-1992 would cut farm program spending an additional 24
+  billion dlrs.
+      In 1987, foreign economic growth is expected to remain
+  close to 2.6 pct, the same as in 1986, but above the 2.4 pct
+  average of 1980-86, it said.
+      Partially because of this improvement, U.S. export volume
+  is expected to rise in fiscal 1987 for the frist time in seven
+  years, the department said.
+  
+
diff --git a/reuters/training/6264 b/reuters/training/6264
new file mode 100644
index 0000000000000000000000000000000000000000..cb34de3a1506e55aef4bfda35a1ec662373d261c
--- /dev/null
+++ b/reuters/training/6264
@@ -0,0 +1,14 @@
+SENATOR SAYS ENERGY REPORT ASSUMPTIONS FLAWED
+  Sen. Pete Domenici, a main sponsor
+  of legislation to set an oil import fee, said the
+  administration's energy security report was based on flawed
+  economic assumptions.
+      The New Mexico Republican said the report did not take into
+  account the last few weeks' drop in domestic oil production in
+  its statement that an oil fee would raise prices for consumers.
+  The report said a decline in economic growth as a result of the
+  fee would reduce tax revenues. "A five dlr (per barrel) oil
+  import fee will provide the stimulus to create jobs and
+  investment, " and raise revenues, he said.
+  
+
diff --git a/reuters/training/6265 b/reuters/training/6265
new file mode 100644
index 0000000000000000000000000000000000000000..b2904d04750663c3946d2ec99f7506fa28c5d926
--- /dev/null
+++ b/reuters/training/6265
@@ -0,0 +1,23 @@
+FARM PROGRAM CHANGES OUTLINED BY USDA OFFICIAL
+  Upcoming changes being considered in
+  the U.S. Agriculture Department's transportation and loan
+  programs were outlined by a USDA official today.
+      Addressing the annual meeting of the National Grain and
+  Feed Association, Tom VonGarlem, assistant deputy administrator
+  for USDA's state and county operations, said the following
+  changes are under consideration by USDA.
+      Termination of USDA's Transportation Assistance Program for
+  wheat, barley and sorghum would be proposed this week.
+      Changes in USDA's reserve rotation program are also under
+  consideration, VonGarlem said. While the department has not
+  made any final decision, banning the use of pik and roll grain
+  in reserve rotation is under heavy consideration, he said.
+      Changes in loan rates will definitely be looked at for next
+  year's crop, he said, with the option of making soybean loans
+  partially in cash and in certificates under consideration.
+      VanGarlem said he will definitely not extend the 1987 crop
+  program signup, saying he sees no reason to do so at this time.
+      He also said wheat will not be considered for a cash bonus
+  under the Conservation Reserve Program.
+  
+
diff --git a/reuters/training/6267 b/reuters/training/6267
new file mode 100644
index 0000000000000000000000000000000000000000..14bdc1a1b82627d64dd59f22a77ce430f77f0434
--- /dev/null
+++ b/reuters/training/6267
@@ -0,0 +1,17 @@
+USDA OFFICIAL SEES 7-8 BILLION DLRS CERTIFICATES
+  There will be seven to eight billion
+  dlrs of generic certificates on the market by the end of
+  harvest, an Agriculture Department official said.
+      The Commodity Credit Corp will "depend heavily" on
+  certificates to relieve storage problems this year, Ralph
+  Klopfenstein, Deputy Administrator for Commodity Operations,
+  USDA, told participants at the National Grain and Feed
+  Association's annual convention.
+      Klopfenstein said that CCC will not be able to relocate
+  grain in any significant amount this fall, so certificates will
+  be used in various programs to relieve storage tightness.
+      Klopfenstein said certificates meet the goal of allowing
+  prices to go below loan levels and providing USDA with an
+  inventory management tool.
+  
+
diff --git a/reuters/training/6269 b/reuters/training/6269
new file mode 100644
index 0000000000000000000000000000000000000000..3b0743520b01984dc786a016e4c3b61d4caed83c
--- /dev/null
+++ b/reuters/training/6269
@@ -0,0 +1,25 @@
+MAJOR U.S. FARM GROUPS OPPOSE POLICY CHANGES
+  Seven major U.S. farm groups took
+  the unusual step of releasing a joint statement urging
+  congressional leaders not to tinker with existing farm law.
+      Following meetings with House Agriculture Committee
+  Chairman Kika de la Garza (D-Tex.) and Senate Agriculture
+  Committee Chairman Patrick Leahy (D-Vt.), the groups issued a
+  statement saying lawmakers should "resist efforts to overhaul
+  the 15-month-old law, which is operating in its first crop
+  marketing year."
+      The farm groups included the American Farm Bureau
+  Federation, American Soybean Association, National Cattlemen's
+  Association, National Corn Growers Association, National Cotton
+  Council, National Pork Producers Council and the U.S. Rice
+  Producers Legislative Group.
+      The statement said Congress should not modify the 1985 farm
+  bill "so the law might have its intended impact of making
+  agriculture more competitive in export markets while at the
+  same time maintaining farm income."
+      "We strongly believe American farmers now need
+  predictability and certainty in farm legislation in order to
+  have any opportunity of making proper production and marketing
+  decisions," the groups said.
+  
+
diff --git a/reuters/training/6271 b/reuters/training/6271
new file mode 100644
index 0000000000000000000000000000000000000000..7644fb4180c682405f6186784f035c08f4077ab8
--- /dev/null
+++ b/reuters/training/6271
@@ -0,0 +1,15 @@
+HOWELL CORP <HWL> 4TH QTR LOSS
+  Shr profit six cts vs profit 17 cts
+      Net profit 269,000 vs profit 833,000
+      Revs 28.0 mln vs 30.8 mln
+      Nine mths
+      Shr loss 4.16 dlrs vs profit 74 cts
+      Net loss 20.0 mln vs profit 3,543,000
+      Revs 93.1 mln vs 117.7 mln
+      Note: Current qtr net includes writedown of 20.4 mln dlrs
+  of net investment in company's oil and gas properties.
+      Year-ago results restated to reflect reclassification of
+  coal mining and marketing segment as ongoing operation rather
+  than discontinued operation.
+  
+
diff --git a/reuters/training/6273 b/reuters/training/6273
new file mode 100644
index 0000000000000000000000000000000000000000..2c435f6d0a2a2534842e6835e91053784fdd3057
--- /dev/null
+++ b/reuters/training/6273
@@ -0,0 +1,10 @@
+SIGMAFORM CORP <SGMA> 3RD QTR JAN 31 NET
+  Shr one ct vs five cts
+      Net 42,469 vs 226,791
+      Sales 7,963,620 vs 6,886,414
+      Nine mths
+      Shr 12 cts vs 22 cts
+      Net 490,927 vs 949,650
+      Sales 24.0 mln vs 18.7 mln
+  
+
diff --git a/reuters/training/6274 b/reuters/training/6274
new file mode 100644
index 0000000000000000000000000000000000000000..124f7ef67fad69833c8df917f7390606664c92ce
--- /dev/null
+++ b/reuters/training/6274
@@ -0,0 +1,13 @@
+MARCUS CORP <MRCS> 3RD QTR FEB FIVE NET
+  Shr 14 cts vs 15 cts
+      Net 733,000 vs 788,000
+      Revs 31.9 mln vs 28.9 mln
+      Nine Mths
+      Shr 1.08 dlrs vs 1.20 dlrs
+      Net 5,560,000 vs 6,162,000
+      Revs 104.5 mln vs 97.2 mln
+      NOTE: 1987 net includes tax credits of 25,000 dlrs in the
+  third quarter and 100,000 dlrs in the nine months compared with
+  370,000 dlrs and 910,000 dlrs in the 1986 periods.
+  
+
diff --git a/reuters/training/6275 b/reuters/training/6275
new file mode 100644
index 0000000000000000000000000000000000000000..003a4b5d89ca1fc97f45015a4f140e5370103c69
--- /dev/null
+++ b/reuters/training/6275
@@ -0,0 +1,7 @@
+FIRSTCORP INC <FCR> RAISES QTLY DIVIDENDS
+  Qtly div class A nine cts vs 7.5 cts prior
+      Qtly div class B nine cts vs 7.5 cts prior
+      Pay April 30
+      Record March 31
+  
+
diff --git a/reuters/training/6276 b/reuters/training/6276
new file mode 100644
index 0000000000000000000000000000000000000000..e7dd0b9f825a91eca8360e84764c209bfa27ef26
--- /dev/null
+++ b/reuters/training/6276
@@ -0,0 +1,8 @@
+HEALTHVEST <HVT> BUYS TENNESSEE MEDICAL COMPLEX
+  Healthvest said it acquired the
+  Eastwood Hospital medical complex in Memphis from Healthcare
+  International Inc for 50 mln dlrs cash.
+      Healthcare International will continue to operate the
+  hospital under a lease agreement, the company said.
+  
+
diff --git a/reuters/training/6277 b/reuters/training/6277
new file mode 100644
index 0000000000000000000000000000000000000000..e55f6007c0884521fe6be0b9b48b04a6f80ff754
--- /dev/null
+++ b/reuters/training/6277
@@ -0,0 +1,14 @@
+VENTRA BUYS JOINT VENTURE LEASING
+  Ventra Management Inc, an over the
+  counter company, said it acquired Joint Venture Leasing Inc for
+  60 mln Venture shares, valued at 3.6 mln dlrs.
+      Joint Venture was organized in September 1986 to establish
+  leasing joint ventures with manufacturers and vendors of
+  computer equipment.
+      As a result of the acquisition and Joint Venture's backlog,
+  Ventra said it expects 1987 sales to be 30 mln dlrs with net
+  profits of 1.5 mln dlrs.
+      Ventra was organized in September 1986 and completed a
+  public offering of 30 mln shares in January 1987.
+  
+
diff --git a/reuters/training/6278 b/reuters/training/6278
new file mode 100644
index 0000000000000000000000000000000000000000..45b2c681ab5709bc69e8f6a05f6e89b9594b4b71
--- /dev/null
+++ b/reuters/training/6278
@@ -0,0 +1,9 @@
+OXFORD FINANCIAL BUYS CLANCY SYSTEMS
+  <Oxford Financial Inc> said it acquired
+  <Clancy Systems International Inc> for an undisclosed sum.
+      The company said Clancy has developed a fully automated
+  parking citation system, currently in use in Oklahoma City, the
+  University of California at Sacramento, and in a pilot program
+  in San Francisco.
+  
+
diff --git a/reuters/training/6279 b/reuters/training/6279
new file mode 100644
index 0000000000000000000000000000000000000000..b701c5afe22e903abe035c470df4750c4ab38739
--- /dev/null
+++ b/reuters/training/6279
@@ -0,0 +1,10 @@
+REALTY SOUTH INVESTORS INC <RSI> YEAR NET
+  Shr 1.03 dlrs vs 82 cts
+      Net 1,982,296 vs 1,359,273
+      Revs 2,403,481 vs 1,494,304
+      Investments 22.4 mln vs 11.5 mln
+      NOTE: Shr figures adjusted for 3-for-2 split Feb 23, 1987.
+  1985 results reflect operations for eight months ended Dec 31,
+  1985. Company began operating May 1985.
+  
+
diff --git a/reuters/training/6280 b/reuters/training/6280
new file mode 100644
index 0000000000000000000000000000000000000000..e1b383961fe8bf0948ffada5daae31e4cc3d4664
--- /dev/null
+++ b/reuters/training/6280
@@ -0,0 +1,6 @@
+TURNER EQUITY INVESTORS INC <TEQ> PAYOUT
+  Qtly cash distribution 20 cts vs 20 cts prior
+      Pay April eight
+      Record March 27
+  
+
diff --git a/reuters/training/6282 b/reuters/training/6282
new file mode 100644
index 0000000000000000000000000000000000000000..6991fe096ce8b52a52b9c6fd336ad1f8b25f2fc3
--- /dev/null
+++ b/reuters/training/6282
@@ -0,0 +1,17 @@
+GRACE <GRA> COMPLETES RETAIL UNIT SALE
+  W.R. Grace and Co said it completed
+  the sale of its Bermans The Leather Experts retail business to
+  a new company in a management led buyout.
+      Grace received 99.3 mln dlrs cash and will record a pretax
+  gain of about 37 mln dlrs in the first quarter, the company
+  said. An additional pretax gain of 19 mln dlrs will be deferred
+  until realization is more fully assured, it said.
+      The diversified chemical and industrial company said the
+  sale completes its program to divest retail operations.
+      In addition to the cash payment, Grace received warrants to
+  buy up to 47.5 pct of the new company and has reinvested about
+  19 pct of the proceeds in debt of the new firm.
+      Financing was provided by Prudential Insurance Co of
+  America and affiliates.
+  
+
diff --git a/reuters/training/6283 b/reuters/training/6283
new file mode 100644
index 0000000000000000000000000000000000000000..9c80a081d93636a7278e4d8944035f24b5c8a1ca
--- /dev/null
+++ b/reuters/training/6283
@@ -0,0 +1,13 @@
+WAUSAU PAPER MILLS CO <WSAU> 2ND QTR NET
+  Period ended Feb 28
+      Shr 61 cts vs 56 cts
+      Net 2,764,000 vs 2,540,000
+      Sales 60.4 mln vs 55.8 mln
+      Six mths
+      Shr 1.27 dlrs vs 1.15 dlrs
+      Net 5,741,000 vs 5,269,000
+      Sales 122.8 mln vs 109.9 mln
+      NOTE: Per-share data restated for 10 pct stock dividends
+  paid to holders of record Dec 26, 1986 and Dec 26, 1985
+  
+
diff --git a/reuters/training/6287 b/reuters/training/6287
new file mode 100644
index 0000000000000000000000000000000000000000..9b33cb235f147c77249ea4ddcdbb05ea35b4f695
--- /dev/null
+++ b/reuters/training/6287
@@ -0,0 +1,11 @@
+TAUNTON SAVINGS BANK <TSBK> SETS FIRST DIVIDEND
+  Taunton Savings Bank said its
+  board declared an initial cash dividend of six cts per share.
+      Taunton, which went public last June, said the rate was
+  based on 3,220,000 outstanding shares.
+      It said the dividend was payable April 15 to shareholders
+  of record March 31.
+      The company said it did not know if it would pay regular
+  dividends in the future.
+  
+
diff --git a/reuters/training/6288 b/reuters/training/6288
new file mode 100644
index 0000000000000000000000000000000000000000..34f0c8cda1e07838f6bf3e26dd2a891ad3980bbd
--- /dev/null
+++ b/reuters/training/6288
@@ -0,0 +1,12 @@
+FIBRONICS INTERNATIONAL INC <FBRX> 4TH QTR LOSS
+  Shr loss 14 cts vs loss one ct
+      Net loss 836,327 vs loss 34,926
+      Revs 8,939,390 vs 8,136,160
+      Year
+      Shr loss 34 cts vs loss nil
+      Net loss 2,008,103 vs loss 14,078
+      Revs 30.1 mln vs 28.0 mln
+      Note: Year-ago results restated to reflect acquisition of
+  Spartacus Inc in Febaruary 1986.
+  
+
diff --git a/reuters/training/6293 b/reuters/training/6293
new file mode 100644
index 0000000000000000000000000000000000000000..8a65aec992f71373846e83179ef24ee236c31b05
--- /dev/null
+++ b/reuters/training/6293
@@ -0,0 +1,13 @@
+TELEPHONE AND DATA SYSTEMS INC <TDS> YEAR NET
+  Oper shr 94 cts vs 93 cts
+      Oper net 8,889,000 vs 8,570,000
+      Revs 155.0 mln vs 123.4 mln
+      Avg shrs 9,450,000 vs 9,174,000
+      NOTE: Net excludes discontinued operations a gain of
+  4,679,000 dlrs, or 50 cts a share vs a loss of 720,000 dlrs, or
+  seven cts a share. 1986 net includes charge of 865,000 dlrs
+  from repeal of investment tax credits
+      Company corrects 1985 year per-share operating net in table
+  which originally ran march 10
+  
+
diff --git a/reuters/training/6294 b/reuters/training/6294
new file mode 100644
index 0000000000000000000000000000000000000000..5f70a7053d4ea5f65c9bcf91545d94dcb3d1edf7
--- /dev/null
+++ b/reuters/training/6294
@@ -0,0 +1,5 @@
+API SAYS DISTILLATE STOCKS OFF 7.35 MLN BBLS, GASOLINE OFF 2.89 MLN, CRUDE OFF 4.39 MLN 
+
+  API SAYS DISTILLATE STOCKS OFF 7.35 MLN BBLS, GASOLINE OFF 2.89 MLN, CRUDE OFF 4.39 MLN 
+  
+
diff --git a/reuters/training/6295 b/reuters/training/6295
new file mode 100644
index 0000000000000000000000000000000000000000..5234c0bbbec540d7e795fb0e393d5a351debc6df
--- /dev/null
+++ b/reuters/training/6295
@@ -0,0 +1,6 @@
+CPC INTERNATIONAL INC <CPC> QTLY DIV
+  Shr 31 cts vs 31 cts prior
+      Payable April 24
+      Record March 31
+  
+
diff --git a/reuters/training/6296 b/reuters/training/6296
new file mode 100644
index 0000000000000000000000000000000000000000..2ac0fc4d362e98a549f3a1c2537a2c9b74dfbdd1
--- /dev/null
+++ b/reuters/training/6296
@@ -0,0 +1,23 @@
+CONGRESSMAN URGES WHEAT EEP TO SOVIET UNION
+  Kansas Republican Congressman Pat
+  Roberts urged the Reagan administration to offer export
+  enhancement program, eep, subsidies to the Soviet Union.
+      Speaking at a House foreign agriculture subcommittee,
+  Roberts said the U.S. has offered eep to China and Poland, and
+  should also include the Soviet Union.
+      Rep. Roberts said there had been some talk that the issue
+  of an eep to Moscow had not been raised within the Reagan
+  administration recently because Secretary of State George
+  Shultz was out of the country.
+      "That very well may be the case," said Tom Kay, U.S.
+  Agriculture Department Foreign Agricultural Service
+  administrator. However, Kay told Reuters later that his reply
+  to Roberts was not based on any particular knowledge.
+      Rep. Roberts urged Kay to convey to top officials of the
+  USDA that some in Congress favor a wheat eep to Moscow.
+      "I'd be delighted to deliver the message," Kay replied.
+      Earlier, Kay had repeated Agriculture Secretary Richard
+  Lyng's statement last week that "the door is not yet closed on
+  an eep to the Soviet Union."
+  
+
diff --git a/reuters/training/6297 b/reuters/training/6297
new file mode 100644
index 0000000000000000000000000000000000000000..1e8dde47beab098604dd709ac8cc59d291e520da
--- /dev/null
+++ b/reuters/training/6297
@@ -0,0 +1,12 @@
+PUBLIC SERVICE ENTERPRISE <PEG> TWO MONTHS NET
+  Period ends February 28
+      Shr 89 cts vs 87 cts
+      Net 119.5 mln vs 114.6 mln
+      Revs 872.3 mln vs 917.4 mln
+      Year
+      Shr 2.87 dlrs vs 3.32 dlrs
+      Net 383.4 mln vs 413.6 mln
+      Revs 4.45 billion vs 4.45 billion
+      NOTE: Full name Public Service Enterprise Group Inc.
+  
+
diff --git a/reuters/training/6298 b/reuters/training/6298
new file mode 100644
index 0000000000000000000000000000000000000000..f061cf71b7e128e273109947cc2c521f5f110ea9
--- /dev/null
+++ b/reuters/training/6298
@@ -0,0 +1,10 @@
+DAMON CREATIONS INC <DNI> 4TH QTR JAN THREE NET
+  Shr profit 49 cts vs loss 41 cts
+      Net profit 543,000 vs loss 457,000
+      Revs 10.4 mln vs 14.2 mln
+      Year
+      Shr loss 71 cts vs loss 2.11 dlrs
+      Net loss 781,000 vs loss 2,325,000
+      Revs 38.9 mln vs 44.9 mln
+  
+
diff --git a/reuters/training/6299 b/reuters/training/6299
new file mode 100644
index 0000000000000000000000000000000000000000..045e0de6f0319711dc8945c3df7a1848ff258a34
--- /dev/null
+++ b/reuters/training/6299
@@ -0,0 +1,10 @@
+GATES LEARJET CORP <GLJ> 4TH QTR LOSS
+  Shr loss 12 cts vs loss 99 cts
+      Net loss 1,476,000 vs loss 11,965,000
+      Sales 83.4 mln vs 110.9 mln
+      Year
+      Shr loss 1.79 dlrs vs loss 1.90 dlrs
+      Net loss 21,720,000 vs loss 22,969,000
+      Sales 259.0 mln vs 317.3 mln
+  
+
diff --git a/reuters/training/6301 b/reuters/training/6301
new file mode 100644
index 0000000000000000000000000000000000000000..2a9552c355919d607274c959d175716380670d78
--- /dev/null
+++ b/reuters/training/6301
@@ -0,0 +1,18 @@
+API SAYS DISTILLATE, GAS STOCKS OFF IN WEEK
+  Distillate fuel stocks held in
+  primary storage fell by 7.35 mln barrels in the week ended
+  March 13 to 112.74 mln barrels from a revised 120.09 mln the
+  previous week, the American Petroleum Institute (API) said.
+      In its weekly statistical bulletin, the oil industry trade
+  group said gasoline stocks fell 2.89 mln barrels to 248.44 mln
+  barrels from a revised 251.33 mln, and crude oil stocks dropped
+  4.39 mln barrels to 325.13 mln from a revised 329.52 mln.
+      It said residual fuel stocks fell 250,000 barrels to 35.73
+  mln from 35.98 mln barrels.
+      API said refinery runs in the week rose to 11.80 mln
+  barrels per day (bpd) from a revised 11.70 mln and refinery use
+  of operating capacity was 75.7 pct, up from a revised 75.0 pct.
+      Crude oil imports in the week rose to 3.66 mln bpd from a
+  revised 2.67 mln, API added.
+  
+
diff --git a/reuters/training/6305 b/reuters/training/6305
new file mode 100644
index 0000000000000000000000000000000000000000..5e3b605646d6f823d9476a4272f4076cdb744e8b
--- /dev/null
+++ b/reuters/training/6305
@@ -0,0 +1,6 @@
+CPC INTERNATIONAL INC <CPC> REGULAR DIVIDEND
+  Qtly div 31 cts vs 31 cts prior
+      Pay April 24
+      Record March 31
+  
+
diff --git a/reuters/training/6306 b/reuters/training/6306
new file mode 100644
index 0000000000000000000000000000000000000000..9b957adb7d4bc56c63ddfcc15b7772883ebc48c2
--- /dev/null
+++ b/reuters/training/6306
@@ -0,0 +1,6 @@
+<CIMARRON PETROLEUM LTD> NINE MTHS NET
+  Shr 48 cts vs 64 cts
+      Net 1,959,404 vs 2,621,778
+      Revs 5,132,626 vs 8,167,401
+  
+
diff --git a/reuters/training/6309 b/reuters/training/6309
new file mode 100644
index 0000000000000000000000000000000000000000..3ce9cc39caed8ab7b8d366a5537b3eb8a05a3367
--- /dev/null
+++ b/reuters/training/6309
@@ -0,0 +1,19 @@
+ELECTRO AUDIO DYNAMICS INC <EAD> 2ND QTR JAN 31
+  Shr profit 14 cts vs loss 55 cts
+      Net profit 864,000 vs loss 2.1 mln
+      Revs 24.2 mln vs 1.5 mln
+      Six months
+      Shr profit seven cts vs loss 74 cts
+      Net profit 434,000 vs loss 2.7 mln
+      Revs 42.5 mln vs 2.9 mln
+      NOTE:1986 2nd qtr and six months includes loss of 600,000
+  dlrs and 285,000 dlrs respectively from discontinued operations
+  and exclude operations of Action DRug Co Inc acquired by
+  company's 81 pct owned subsidiary, Technodyne, in August 1986.
+      1987 net includes gain of 2.0 mln dlrs from sale of
+  building and extraordinary gain of 411,000 dlrs from tax loss
+  carryforward.
+      Share earnings for both periods reflect preferred stock
+  dividends.
+  
+
diff --git a/reuters/training/6310 b/reuters/training/6310
new file mode 100644
index 0000000000000000000000000000000000000000..3315d1e920f057bfff426107d9f9d2b1da7198f2
--- /dev/null
+++ b/reuters/training/6310
@@ -0,0 +1,16 @@
+TECHNODYNE INC <TND> 2ND QTR NET
+  Shr profit 14 cts vs loss 17 cts
+      Net profit 686,000 vs loss 831,000
+      Revs 24.2 mln vs 1.5 mln
+      Six mths
+      Shr profit 22 cts vs loss 17 cts
+      Net profit 1,062,000 vs loss 812,000
+      Revs 42.5 mln vs 2.9 mln
+      NOTE: Quarter ends January 31.
+      1986 excludes extraordinary gain of six cts per share in
+  the quarter and 10 cts in the six months. 1985 excludes
+  discontinued operations loss of six cts a share in the quarter
+  and loss of two cts in the six months.
+      Company is 81.5 pct owned by Electro Audio Dynamics <EAD>.
+  
+
diff --git a/reuters/training/6311 b/reuters/training/6311
new file mode 100644
index 0000000000000000000000000000000000000000..cf1a11f415478e1e1ee3f853bc44fb40436b28bb
--- /dev/null
+++ b/reuters/training/6311
@@ -0,0 +1,7 @@
+<SCEPTRE INVESTMENT COUNSEL LTD> 1ST QTR NET
+  Period ended January 31
+      Shr 22 cts vs 16 cts
+      Net 518,564 vs 374,198
+      Revs 2,090,724 vs 1,614,079
+  
+
diff --git a/reuters/training/6312 b/reuters/training/6312
new file mode 100644
index 0000000000000000000000000000000000000000..a76c4ee2463e99900fa4c4fbcd64c80367499263
--- /dev/null
+++ b/reuters/training/6312
@@ -0,0 +1,11 @@
+D/P SELECTED UTILITIES <DNP> HIKES PAYOUTS
+  Duff and Phelps Selected Utilities Inc
+  said it approved payment of higher monthly dividends.
+      The closed end-investment company approved payment of 4.5
+  cts on April 10, record March 31; of five cts, payable May 11,
+  record April 30; and of 5.5 cts, payable June 10, record May
+  29.
+      Duff and Phelps first monthly dividend of four cts was paid
+  on March 10, it noted.
+  
+
diff --git a/reuters/training/6313 b/reuters/training/6313
new file mode 100644
index 0000000000000000000000000000000000000000..250ba228e1dcc98f5b3f78474f0567eb605431c6
--- /dev/null
+++ b/reuters/training/6313
@@ -0,0 +1,13 @@
+AMERICAN ELECTROMEDICS CORP <AECO> 2ND QTR LOSS
+  Qtr ends Jan 31
+      Shr loss three cts vs loss six cts
+      Net loss 93,000 vs loss 191,000
+      Revs 338,000 vs 554,000
+      Six mths
+      Shr loss four cts vs loss seven cts
+      Net loss 108,000 vs loss 219,000
+      Revs 854,000 vs 1,283,000
+      NOTE: Company is 80 pct owned by Technodyne Inc <TND>, a
+  subsidiary of Electro Audio Dynamics Inc <EAD>.
+  
+
diff --git a/reuters/training/6315 b/reuters/training/6315
new file mode 100644
index 0000000000000000000000000000000000000000..398ff9abbd83df3bb15fd1c58256e44c18c752e9
--- /dev/null
+++ b/reuters/training/6315
@@ -0,0 +1,12 @@
+LENNAR <LEN> COMPLETES ACQUISITION
+  Lennar Corp said it completed the
+  previously announced acquisition of Development Corp of America
+  <DCA>.
+      Consequently, it said the American Stock Exchange suspended
+  trading of Development Corp's common stock, 10 pct subordinated
+  debentures due 1993 and 12 pct subordinated debentures due
+  1994.
+      Lennar said the debentures will continue to be traded
+  over-the-counter.
+  
+
diff --git a/reuters/training/6317 b/reuters/training/6317
new file mode 100644
index 0000000000000000000000000000000000000000..f290ca0cfea259b5619ec13a75a2a1b774082542
--- /dev/null
+++ b/reuters/training/6317
@@ -0,0 +1,20 @@
+IBP (OXY) PLANT REOPENS WITHOUT INCIDENT
+  Iowa Beef Processors Inc said
+  "hundreds" of its employees returned to work at its Dakota
+  City, Nebraska beef processing plant without incident.
+      Last week, Iowa Beef said it would lift a lockout in effect
+  at the plant since mid-December, which affected 2,800 members
+  of the United Food and Commercial Workers Union.
+      Both union and non-union meatpackers who returned to work,
+  agreed to comply with Iowa Beef's last contract offer.
+      "Start-up went well today and operations will continue to
+  pick up as employees return and others are hired," according to
+  a company statement. Picketing UFCWU members at the plant did
+  not disrupt operations, a company spokesman said.
+      "Our employees are asked to continue to return to work at
+  8AM unless otherwise notified," he said.
+      Iowa Beef, a subsidiary of Occidental Petroleum Corp, said
+  it is beginning to take applications for permanent positions at
+  the plant.
+  
+
diff --git a/reuters/training/6323 b/reuters/training/6323
new file mode 100644
index 0000000000000000000000000000000000000000..d9163adf411ec8a73f1c291cd16f5eeb0c23e1be
--- /dev/null
+++ b/reuters/training/6323
@@ -0,0 +1,14 @@
+PHP HEALTHCARE CORP <PHPH> 3RD QTR JAN 31 NET
+  Shr 10 cts vs 10 cts
+      Net 358,941 vs 299,838
+      Revs 8,645,289 vs 4,532,175
+      Avg shrs 3,446,752 vs 2,921,173
+      Nine mths
+      Shr 23 cts vs 12 cts
+      Net 705,799 vs 491,076
+      Revs 21.5 mln vs 11.0 mln
+      Avg shrs 3,093,491 vs 4,068,000
+      Note: Net includes tax credits of 164,000 dlrs vs 123,634
+  dlrs for qtr and 311,000 dlrs vs 207,719 dlrs for nine mths.
+  
+
diff --git a/reuters/training/6324 b/reuters/training/6324
new file mode 100644
index 0000000000000000000000000000000000000000..4884ac4788c545c1f578cf6d60f5266a0b403a0e
--- /dev/null
+++ b/reuters/training/6324
@@ -0,0 +1,6 @@
+BANKERS TRUST NEW YORK CORP <BT> QTLY DIVIDEND
+  Qtly div 41.5 cts vs 41.5 cts prior
+      Pay April 28
+      Record March 31
+  
+
diff --git a/reuters/training/6325 b/reuters/training/6325
new file mode 100644
index 0000000000000000000000000000000000000000..e0e756f06e49280076bf0192ad0f3d2a2d54b6b6
--- /dev/null
+++ b/reuters/training/6325
@@ -0,0 +1,13 @@
+HALLWOOD GROUP INC <HWG> 2ND QTR JAN 31 LOSS
+  Shr loss nine cts vs profit 23 cts
+      Net loss 418,000 vs profit 1,037,000
+      Revs 2,872,000 vs 4,700,000
+      Six mths
+      Shr profit nine cts vs profit 52 cts
+      Net profit 418,000 vs profit 2,365,000
+      Revs 6,853,000 vs 9,379,000
+      NOTE: Includes tax loss carryforward gains of 164,000 dlrs
+  vs 551,000 dlrs in quarter, and gains of 365,000 dlrs vs
+  1,016,000 dlrs in the six months.
+  
+
diff --git a/reuters/training/6326 b/reuters/training/6326
new file mode 100644
index 0000000000000000000000000000000000000000..bb0eec802440e965889d1f7c8c4548e0aeac16d0
--- /dev/null
+++ b/reuters/training/6326
@@ -0,0 +1,43 @@
+LYNG SAID TO HAVE NO COMMENT ON USSR WHEAT EEP
+  U.S. Agriculture Secretary Richard
+  Lyng told representatives of several of the largest grain
+  exporting firms and two farm organizations that he was not in a
+  position to comment on their request that the Reagan
+  administration offer subsidized wheat to the Soviet Union,
+  according to participants in today's meeting.
+      "He (Lyng) simply told us he was not in any position to talk
+  about an EEP (export enhancement program) initiative to the
+  Soviet Union," said Glen Hofer, vice president of the National
+  Council of Farmer Cooperatives.
+      Another participant in the meeting, who asked not to be
+  identified, said Lyng was "unresponsive" to the group's request.
+      Participants in the meeting included Cargill Inc,
+  Continental Grain Co, Louis Dreyfus Corp, Union Equity
+  Cooperative Exchange, the National Association of Wheat
+  Growers, the National Council of Farmer Cooperatives, among
+  others, participants said.
+      Deputy Agriculture Secretary Peter Myers and Under
+  Secretary Daniel Amstutz also attended the 30-minute meeting.
+      Hofer described Lyng as "sympathetic but noncommittal," and
+  said he thought he detected "a sense of frustration" on Lyng's
+  part at not being able to respond more positively to the
+  group's urging.
+      A grain industry representative said some participants were
+  "puzzled" by USDA's apparent reluctance to bring before the
+  cabinet council an EEP wheat offer to the Soviets.
+      "There is a feeling that there is more receptivity (to the
+  idea) within the cabinet council now than there ever has been,"
+  this official, who asked not to be identified, said, referring
+  to an EEP wheat offer to the Soviets.
+      This official said there was not a significant amount of
+  pressure being exerted by lawmakers on Lyng to make an EEP
+  offer to Moscow.
+      Reminded that Senate Agriculture Committee Chairman Patrick
+  Leahy (D-Vt.) had written two letters to Lyng urging such an
+  offer, this official said Lyng had received virtually no phone
+  calls from lawmakers on the subject.
+      But Hofer said other important matters at the White House,
+  rather than an absence of political pressure, might have
+  restrained Lyng.
+  
+
diff --git a/reuters/training/6331 b/reuters/training/6331
new file mode 100644
index 0000000000000000000000000000000000000000..47e0774bb6418e21635b6c5b1abd9b1dda94c671
--- /dev/null
+++ b/reuters/training/6331
@@ -0,0 +1,13 @@
+PAPERBOARD PLANS BID TO ACQUIRE BELKIN
+  <Paperboard Industries Corp> said it
+  planned to make an unconditional 21 dlr a share cash offer for
+  <Belkin Inc>'s 7.6 mln common and 2.3 mln non-voting shares.
+      Paperboard said Balaclava Enterprises Ltd, owned by Morris
+  Belkin, agreed to tender 98.2 pct of Belkin's common shares.
+  It added that in case of a competing offer of more than 23
+  dlrs, it had the right to match it. If it did not match the
+  offer, Balaclava could accept the competing bid.
+      The two companies manufacture linerboard and boxboard from
+  recycled fibre. Their combined revenues are about 500 mln dlrs.
+  
+
diff --git a/reuters/training/6333 b/reuters/training/6333
new file mode 100644
index 0000000000000000000000000000000000000000..400daef5d3ea3c9b09eafac97fe1b329ce928114
--- /dev/null
+++ b/reuters/training/6333
@@ -0,0 +1,5 @@
+CATHAY PACIFIC AIRWAYS 1986 NET PROFIT 1.23 BILLION H.K. DLRS VS 777.5 MLN
+
+  CATHAY PACIFIC AIRWAYS 1986 NET PROFIT 1.23 BILLION H.K. DLRS VS 777.5 MLN
+  
+
diff --git a/reuters/training/6335 b/reuters/training/6335
new file mode 100644
index 0000000000000000000000000000000000000000..08b8e8e54a565841d75ad53360952058c484bb98
--- /dev/null
+++ b/reuters/training/6335
@@ -0,0 +1,12 @@
+CATHAY PACIFIC AIRWAYS LTD <CAPH.HK> YEAR 1986
+  Shr 46.5 H.K. Cents vs 29.3
+      Final div 14 cents, making 20 cents (no comparison)
+      Net 1.23 billion dlrs vs 777.5 mln
+      Turnover 9.06 billion dlrs vs 7.52 billion
+      Note - Dividend payable May 29, books close May 11 to 22.
+      Note - Company floated in April 1986 and is now 50.23 pct
+  owned by Swire Pacific Ltd <SWPC.HK>, 16.43 pct by Hongkong and
+  Shanghai Banking Corp <HKBH.HK> and 12.5 pct by <China
+  International Trust and Investment Corp>.
+  
+
diff --git a/reuters/training/6337 b/reuters/training/6337
new file mode 100644
index 0000000000000000000000000000000000000000..1a4529cea414066ea17adb7c4c1b5a3eb069a071
--- /dev/null
+++ b/reuters/training/6337
@@ -0,0 +1,34 @@
+PAPER SAYS U.S. MAY SEEK TO CURB FOREIGN TAKEOVERS
+  The Reagan administration will
+  consider curbing foreign takeovers of security-sensitive
+  industries such as semiconductors and computers, the New York
+  Times said, quoting an unnamed senior administration official.
+      "I think there's a strong sentiment here that some
+  industries are not totally up for grabs," the paper quoted the
+  official as saying.
+      "Two of the most visible (industries) are semiconductor and
+  computer companies," said the official, who the newspaper said
+  was a central figure in the opposition to Japan's Fujitsu Ltd
+  <ITSU.T> takeover bid for <Fairchild Semiconductor Corp>.
+      The Fairchild-Fujitsu deal was abandoned on Monday, and
+  industry analysts said the move was a victory for the Reagan
+  administration in its drive to beat back Japanese competition
+  in the important computer chip manufacturing industry.
+      Officials told Reuters last week that Commerce Secretary
+  Malcolm Baldrige and Defence Secretary Caspar Weinberger fought
+  the planned sale of Fairchild by French-controlled Schlumberger
+  Ltd <SLB> to Japan's largest computer maker because it could
+  have left the U.S. Military dependent on foreign sources for
+  vital technology.
+      The New York Times quoted Baldrige as saying the time had
+  come to limit takeovers in security-sensitive areas.
+      "Everybody wants an open investment policy, but there have
+  to be some exceptions for the national interest," Baldrige was
+  quoted as saying.
+      The newspaper said Baldrige and Weinberger are expected to
+  bring the takeover issue before a top-level interagency
+  policymaking group, such as Treasury Secretary James Baker's
+  Economic Policy Council or the president's National Security
+  Council.
+  
+
diff --git a/reuters/training/6338 b/reuters/training/6338
new file mode 100644
index 0000000000000000000000000000000000000000..701a6c7e812a98eae9efab0b79edc2fc82793fce
--- /dev/null
+++ b/reuters/training/6338
@@ -0,0 +1,65 @@
+YEN USURPS GODZILLA AS JAPAN'S FAVOURITE HORROR
+  "Endaka," the strong yen, has usurped
+  "Godzilla Versus the Sea Monster" as Japan's favourite horror
+  story.
+      The yen's 40 pct surge against the dollar over the last two
+  years has frightened foreigners with tales of the 40 dlr melon,
+  the 120 dlr taxi ride from the airport and rents of 15,000 dlrs
+  a month.
+      But "endaka," like many Japanese products, is for foreign
+  consumption, locals and long-time foreign residents said.
+      "It's not really that expensive. I don't pay attention to
+  the cost of living," said Cheryl Richmond, a 25-year-old
+  Canadian teacher of English in Tokyo.
+      Richmond said she earns 1,635 dlrs a month by "chatting" 40
+  hours a week in English to Japanese who hope to learn the
+  language. For 326 dlrs a month she rents a sunny, quiet
+  two-room flat some 20 minutes by train from Shinjuku, one of
+  Tokyo's prime business and entertainment districts, and has
+  managed to send home an average of 320 dlrs a month.
+      She spends less than 6.50 dlrs a day on food despite eating
+  out once a day.
+      "For lunch I buy the teishoku (daily special) which comes
+  with soba (buckwheat noodles) or pork cutlet, pickles, miso
+  soup, rice and tea," although she takes only coffee for
+  breakfast and a sandwich for dinner.
+      No one argues that Tokyo is cheap, but long-time residents
+  see no need to spend the 2,000 to 15,000 dlrs a month spent by
+  foreign firms to house executives in Western-style homes.
+      The companies feel otherwise. They say they must pay the
+  price to bring over the best people needed to back up their
+  push into Japan's increasingly lucrative markets.
+      "You can't expect people to move from New York or Sydney and
+  trade down. It's not reasonable," said a spokesman for
+  International Business Machines Corp (IBM), which supports
+  Western lifestyles for more than 350 foreigners in Tokyo.
+      Tokyo is the world's most expensive city for business
+  travellers, a survey issued this month by Employment Conditions
+  Abroad said. It found that businessmen visiting Tokyo spend on
+  average more than 300 dlrs a day.
+      While the businessmen have little choice but to come here,
+  many tourists, especially those from Europe, are opting to
+  visit sunnier and cheaper climes in Southeast Asia.
+      The Japan Tourist Bureau estimates "endaka" caused an 11.5
+  pct drop in the number of foreign visitors to Japan last year.
+      Those who came tried to cut back on expenses, chiefly by
+  curtailing shopping, it said.
+      To help combat "endaka" and the slump in tourism, the Tourist
+  Bureau prepared a pamphlet, "Economical Travel in Japan."
+      It gives budget-saving tips on finding medium-priced
+  business hotels and Japanese-style inns, cheap sushi and public
+  baths while getting a "revealing glimpse of Japanese in their
+  daily lives."
+      Residents of Okubo House, a transit hotel in Tokyo's
+  Shin-Okubo love hotel district, offer even more savvy advice.
+      For 9.80 dlrs a night, Scott Perry, a 23-year-old budding
+  English teacher from New Zealand, shares an unheated,
+  berth-sized twin-room in the Japanese "flop house."
+      Perry has budgeted 26 to 33 dlrs a day while he looks for
+  work. "Normally I eat 'teishoku' for 400 yen but sometimes I'll
+  splurge at Shakey's where for 550 yen you can eat unlimited
+  pizza for at least two hours."
+      Still, there are the extras that dent the budget. "I had to
+  spend 600 yen today to dry-clean my suit coat," he said.
+  
+
diff --git a/reuters/training/6339 b/reuters/training/6339
new file mode 100644
index 0000000000000000000000000000000000000000..7c160a5b632d70f499c913f0aa09713b0c8c6d84
--- /dev/null
+++ b/reuters/training/6339
@@ -0,0 +1,12 @@
+BANGLADESH PURCHASE OF WHEAT CONFIRMED
+  Trade sources here confirmed earlier
+  tentative reports that Bangladesh had bought 200,000 tonnes of
+  optional origin feed wheat late last week and over the weekend.
+      They said the Continental Grain Co, of the United States,
+  won the contract to supply the wheat from the EC and other
+  parts of Europe.
+      It will supply 100,000 tonnes at a rate of 96.92 U.S. Dlrs
+  a tonne as a first consignment by April 7. It will supply the
+  remaining 100,000 tonnes at a rate of 93.42 dlrs by April 16.
+  
+
diff --git a/reuters/training/6340 b/reuters/training/6340
new file mode 100644
index 0000000000000000000000000000000000000000..80c3db919451c45e1febda521633c164fd218755
--- /dev/null
+++ b/reuters/training/6340
@@ -0,0 +1,34 @@
+PHILIPPINES SOCIAL SECURITY TO BUY SAN MIGUEL SHRS
+  The Philippines' Social Security System
+  (SSS) is planning to buy eight mln shares in diversified brewer
+  <San Miguel Corp> (SMC), SMC chief financial officer Ramon del
+  Rosario said.
+      He told reporters the government organisation had expressed
+  interest in one seat on SMC's 15-man board and was preparing to
+  invest 800 mln pesos, assuming a purchase price of 100 pesos a
+  share.
+      The shares involved in the proposal were part of the block
+  of 38 mln shares owned by the United Coconut Planters Bank
+  (UCPB) and sequestered by the government.
+      The block is split between class A and class B stock.
+      SMC also proposed to sell a further five mln shares to A.N.
+  Soriano Corp, the family company of San Miguel president Andres
+  Soriano, del Rosario said.
+      The shares are worth some 500 mln pesos at recent prices.
+      Del Rosario said the 14 mln B shares in the block which are
+  open to foreign ownership would probably be sold to
+  unidentified foreign purchasers.
+      He said SMC and UCPB would meet later this week to try to
+  resolve disputes over the pricing of the shares.
+      President Corazon Aquino earlier this month established an
+  arbitration panel to settle a row over the disposal of the
+  shares.
+      Their initial sale to Soriano through SMC Hong Kong unit
+  Neptunia Corp was blocked by the Presidential Commission on
+  Good Government.
+      The commission sequestered the stock on suspicion that the
+  real owner of the block was Eduardo Cojuanco, the former
+  chairman of San Miguel and the UCPB and a close associate of
+  deposed former president Ferdinand Marcos.
+  
+
diff --git a/reuters/training/6341 b/reuters/training/6341
new file mode 100644
index 0000000000000000000000000000000000000000..d08b8072b4dbe02926b18638e9a1de531d34c5f8
--- /dev/null
+++ b/reuters/training/6341
@@ -0,0 +1,9 @@
+<SUN HUNG KAI CO LTD> YEAR 1986
+  Shr 21.6 H.K. Cents vs 12
+      Final div six cents vs three, making nine cents vs 5.5
+      Net 121 mln dlrs vs 67.42 mln
+      Note - Extraordinary gains 72 mln dlrs vs 2.7 mln. Special
+  bonus four cents vs nil. Dividend payable May 25, books close
+  April 28 to May 6.
+  
+
diff --git a/reuters/training/6342 b/reuters/training/6342
new file mode 100644
index 0000000000000000000000000000000000000000..855496bd76637ce57c10eeae1e23e3efdb567b48
--- /dev/null
+++ b/reuters/training/6342
@@ -0,0 +1,5 @@
+Indonesia imports palm oil to counter possible May shortage, Trade Minister says
+
+  Indonesia imports palm oil to counter possible May shortage, Trade Minister says
+  
+
diff --git a/reuters/training/6344 b/reuters/training/6344
new file mode 100644
index 0000000000000000000000000000000000000000..db7d7a42f254aaf40d7f25608114bf5c25af4baa
--- /dev/null
+++ b/reuters/training/6344
@@ -0,0 +1,24 @@
+INDONESIA TO IMPORT PALM OIL, FEARS MAY SHORTAGE
+  Indonesia has issued licences to
+  traders to import palm oil to avert a possible shortage of
+  cooking oil during the Moslem fasting month of Ramadan in May,
+  Trade Minister Rachmat Saleh told Reuters.
+      "We have given permission for a small amount of imports to
+  prevent a shortage during Ramadan," he said. He gave no figures
+  for the amount of palm oil to be imported, but said it would
+  come from Malaysia.
+      Indonesia, the world's second largest palm oil producer,
+  earlier denied it had granted palm oil import licences.
+      Saleh was replying to a question from Reuters after traders
+  in London said Indonesia had issued licences to import around
+  135,000 tonnes of palm oil for delivery in April.
+      Indonesia, with 168 mln people, is the world's largest
+  Moslem country. During Ramadan Moslems fast during the day and
+  have large meals after sunset.
+      Indonesian crude palm oil exports in the first 11 months of
+  1986 were 469,100 tonnes, according to central bank figures,
+  against 652,000 tonnes in the whole of calendar 1985.
+      Indonesia is expanding palm oil output, and Saleh did not
+  explain why there might be a shortage during Ramadan.
+  
+
diff --git a/reuters/training/6346 b/reuters/training/6346
new file mode 100644
index 0000000000000000000000000000000000000000..7667b89b55e025445987a4db131324a35d30f3b4
--- /dev/null
+++ b/reuters/training/6346
@@ -0,0 +1,89 @@
+ECONOMIC SPOTLIGHT - JAPAN BUYING OVERSEAS FIRMS
+  More U.S. And European firms will be
+  falling prey to Japanese corporations bulging with cash and
+  eager to extend their reach further overseas, according to
+  merger and acquisitions specialists polled by Reuters.
+      Already, rich Japanese companies have pounced on U.S.
+  Banks, steel and other businesses.
+      In the latest attempt, Fujitsu Ltd <ITSU.T> -- Japan's
+  biggest computer maker -- unsuccessfully bid for <Fairchild
+  Semiconductor Corp>, a U.S. Microchip maker which supplies
+  components for supercomputers.
+      Nomura Securities Co Ltd <NMSC.T> and Daiwa Securities Co
+  Ltd <DSEC.T>, Japan's two largest brokerage firms, are seeking
+  a niche in the U.S. And European securities markets, while the
+  country's huge banks are looking for strongholds in overseas
+  banking, the takeover specialists said.
+      Major trading houses, which see their profits evaporating
+  in the heat of increased competition in merchandise trade, all
+  have foreign businesses on their shopping lists.
+      Among manufacturers, car parts makers are under the most
+  pressure to buy up overseas companies and follow the big auto
+  makers they subcontract for as these move offshore.
+      "The timing is favourable for Japanese parties to buy up
+  potential overseas businesses, especially in the U.S. --
+  Japan's largest market and where political risks are minimal," a
+  takeover specialist at one trading company said.
+      Japanese companies have become among the world's richest
+  after a series of boom export years and as the yen has climbed
+  against the dollar by some 40 pct in the past 18 months.
+      But the yen's strength, which has also raised the costs of
+  Japan's exports and allowed its Asian neighbours to move into
+  its traditional markets, has frozen Japanese corporate growth,
+  the specialists said.
+      Looming trade friction is also threatening to erect more
+  barriers against Japanese exports.
+      Japanese firms see overseas acquisitions as a way to avoid
+  the gloomy growth outlook and put their excess cash to work.
+  Domestic interest rates, now at record lows, offer little
+  investment opportunity.
+      "Japanese interest in acquisitions has been continuous, but
+  the recent economic factors have become a driving force," said a
+  banking industry source.
+      So far, though, the Japanese are being cautious.
+      While mergers and acquisitions among U.S. Firms number in
+  the thousands, Japanese buyouts of overseas companies have
+  totalled just a few dozen, one merchant banker said.
+      Another merchant banker said that a flurry of Japanese
+  acquisition activity was originally expected five years from
+  now, but that time span appeared now to be too long.
+      Japanese firms are becoming more aggressive now, he said.
+      A turning point seemed to be Dainippon Ink and Chemicals
+  Inc's <DIAC.T> takeover bid for <Sun Chemical Corp> of the U.S.
+  Last year, which some analysts saw as somewhat hostile, he
+  added.
+      Dainippon Ink bought Sun Chemical's graphic arts group for
+  550 mln dlrs late last year, after an earlier unsolicited bid
+  for the whole company. Sun Chemical refused to sell its entire
+  business after learning that Dainippon planned to liquidate all
+  but its graphic arts-related businesses.
+      Hostile takeovers are considered unethical and frowned upon
+  by the Japanese, the trading company official says. "Japanese
+  people don't like fighting. They prefer peaceful amicable
+  deals." But now after some experience overseas, Japanese
+  companies are acquainted with local practice, he adds. "This is
+  a healthy progression."
+      However, the experts do not expect the Japanese to run the
+  board meetings of any giant U.S. Or European concerns.
+      "Japanese companies are not fully confident in managing a
+  large U.S. Or European corporation," one banker said. "They will
+  expand their operations only gradually, a typical way for
+  Japanese business."
+      A foreign merchant banker also noted, "There are not many
+  mega-deals left to do in the United States. A lot of the big
+  deals there have already been done."
+      But medium-size and small concerns are potential targets of
+  Japanese companies, the specialists said.
+      Japanese will be aiming for new businesses in
+  high-technology areas. "Japanese companies had used technology
+  and quality to get where they are and are unlikely to deviate
+  from that trend," one takeover specialist said.
+      Many are watching the results of the first acquisitions. If
+  these succeed, activity could build, the specialists said.
+      But few such specialists are going to sit back and wait
+  until the action begins. Already, they said, Japanese trading
+  houses, long-term credit and commercial banks, brokerages and
+  foreign merchant banks have set up research sections to act as
+  go-betweens in deals or find good buys for themselves.
+  
+
diff --git a/reuters/training/6347 b/reuters/training/6347
new file mode 100644
index 0000000000000000000000000000000000000000..ed75f35f4fd15e83ee791fc2c691afb343dbd8c7
--- /dev/null
+++ b/reuters/training/6347
@@ -0,0 +1,5 @@
+United Biscuits pretax profit 125.2 mln stg vs 102.2 mln in 53 wks to Jan 3
+
+  United Biscuits pretax profit 125.2 mln stg vs 102.2 mln in 53 wks to Jan 3
+  
+
diff --git a/reuters/training/6348 b/reuters/training/6348
new file mode 100644
index 0000000000000000000000000000000000000000..fd5436739b73c4686c5358fba553fb42a0f37a9c
--- /dev/null
+++ b/reuters/training/6348
@@ -0,0 +1,23 @@
+KUWAIT SAYS NO OPEC MEMBER VIOLATING OUTPUT QUOTA
+  Kuwaiti Oil Minister Sheikh Ali
+  al-Khalifa al-Sabah said in a newspaper interview that no OPEC
+  member was exceeding oil production quotas allocated by the
+  13-nation group.
+      Sheikh Ali told Kuwait's daily al-Anba "All OPEC states,
+  without exception, are producing within the quotas allocated to
+  them. Some of them are producing less."
+      Some oil industry sources had said the United Arab
+  Emirates, which had been generally been producing over its
+  quota since OPEC returned to quotas last September, was still
+  pumping more than its allotted amount in the first months of
+  this year.
+      Ecuador had also publicly stated it was over its quota, but
+  an earthquake early this month stopped that. Iraq has rejected
+  its quota, but oil sources say it may be having problems
+  marketing at official prices all the oil it wants to sell.
+      OPEC agreed in December to cut overall oil production by
+  7.25 pct to 15.8 mln barrels per day (bpd) for the first six
+  months of this year and abide by fixed prices around 18 dlrs a
+  barrel from February 1.
+  
+
diff --git a/reuters/training/6349 b/reuters/training/6349
new file mode 100644
index 0000000000000000000000000000000000000000..bd8eececbaeabae37d6f6fcbd18ed99832c0ba55
--- /dev/null
+++ b/reuters/training/6349
@@ -0,0 +1,23 @@
+UNITED BISCUITS <UBIS.L> 53 WEEKS TO JANUARY 3
+  Shr 20.3p vs 19.1p
+      Div 6.0p vs 5.15p making 9.5p vs 8.0p
+      Turnover 1.93 billion stg vs 1.91 billion
+      Pretax profit 125.2 mln vs 102.2 mln
+      Tax 42.5 mln vs 31.1 mln
+      Trading profit 138.0 mln vs 122.7 mln
+      Trading profit includes -
+      UB Foods Europe 88.7 mln vs 78.4 mln
+      UB Restaurants 10.3 mln vs same
+      UB Foods U.S. 43.8 mln vs 39.1 mln
+      Other 3.9 mln vs 3.5 mln
+      Unallocated costs 8.7 mln vs 8.6 mln
+      Interest 12.8 mln vs 20.5 mln
+      Note - full name of company is United Biscuits (Holdings)
+  Plc
+      Minority interests 0.1 mln vs same
+      Extraordinary charges 6.8 mln vs 14.3 mln
+      Extraordinary charges and credits include -
+      Surplus on bid for Imperial Group Plc 4.9 mln vs nil
+      Costs of Philadelphia bakery closure nil vs 19.6 mln
+  
+
diff --git a/reuters/training/6350 b/reuters/training/6350
new file mode 100644
index 0000000000000000000000000000000000000000..bd4bbde81910c4b4e2ba9ec79f4ecbb925698e68
--- /dev/null
+++ b/reuters/training/6350
@@ -0,0 +1,17 @@
+LAWSON EXPECTS INTEREST RATE FALL SOON
+  U.K. Chancellor of the Exchequer Nigel
+  Lawson said he expected British interest rates to fall soon in
+  response to his fiscal 1987/88 budget, but he did not say by
+  how much.
+      "I would be very surprised if there is not a very early
+  further fall in interest rates," Lawson said in a radio
+  interview.
+      Analysts said they foresaw U.K. Base rates falling as early
+  as today by as much as one full percentage point after Lawson's
+  announcement yesterday that the public sector borrowing
+  requirement in fiscal 1987/88 and 1988/89 was to fall to 1.0
+  pct of GDP, or some four billion stg.
+      British banks' base lending rates fell a half percentage
+  point on March 9 to the current 10.5 pct.
+  
+
diff --git a/reuters/training/6352 b/reuters/training/6352
new file mode 100644
index 0000000000000000000000000000000000000000..78681765c260dd0f88dc24e6a531c9c0bb39cfba
--- /dev/null
+++ b/reuters/training/6352
@@ -0,0 +1,44 @@
+THAI BANKS WEIGH NEW INTEREST RATE CUT
+  Officials of five Thai commercial banks
+  are expected to meet tomorrow to seek agreement on cutting
+  interest rates, banking sources said.
+      They said they expect Thai banks to opt for a cut to spur
+  domestic loan demand to help reduce persistent high liquidity
+  on the money market.
+      Many bankers have been urging an average half percentage
+  point cut in deposit rates and a one point cut in lending
+  rates, they said.
+      Six major Thai major banks reduced minimum loan and
+  overdraft rates by 0.50 to 0.75 percentage point on February 16
+  but the move has not substantially increased loan demand, the
+  sources said.
+      Excess liquidity has been hitting bank profits since early
+  last year despite five interest rate cuts in 1986. The current
+  gross 7.25 pct interest rate for one-year fixed bank deposit
+  and the 11.5 pct minimum loan rate are the lowest in a decade.
+      Bankers said the Thai banking system is saddled with about
+  40 to 50 billion baht of surplus funds which have created
+  problems for many banks in managing their money effectively.
+      Profits of many Thai banks fell sharply last year partly
+  because of a mismatch of loan demand and bank deposit growth.
+  The Bank of Thailand estimated overall lending by the Thai
+  banking system grew 3.8 pct in 1986 against a 12 pct expansion
+  in bank deposits.
+      Reports of a possible new round of interest rate cuts have
+  further buoyed the Thai stock market this week.
+      The Securities Exchange of Thailand (SET) Index on Monday
+  recorded its biggest daily advance in recent years, shooting up
+  4.57 points to a new seven-year high of 223.02.
+      Brokers and market analysts said Thai stocks will register
+  more gains as long as liquidity remains in the money market.
+      Thai and foreign bankers said the liquidity problem will
+  grow if the Bank of Thailand does not extend permission for
+  local banks to hold foreign exchange positions up to 40 pct of
+  bank capital.
+      If the regulation is not extended beyond its April 3 expiry
+  date, many commercial banks will have to reduce foreign
+  exchange holdings to a maximum 20 pct.
+      Bankers said such that could add another five billion baht
+  of surplus funds to the local money market.
+  
+
diff --git a/reuters/training/6353 b/reuters/training/6353
new file mode 100644
index 0000000000000000000000000000000000000000..4083a309303e70697e87f2eb8e441b772efee2cf
--- /dev/null
+++ b/reuters/training/6353
@@ -0,0 +1,36 @@
+CATHAY PACIFIC FORECASTS GOOD 1987 PERFORMANCE
+  Cathay Pacific Airways Ltd <CAPH.HK>
+  forecast another good year in 1987 in view of good growth in
+  both passenger and cargo traffic volumes early this year over
+  the year-earlier period.
+      The airline did not quantify its performance in early 1987
+  but said it would take delivery of one Boeing Co <BA.N> 747
+  freighter and one Boeing 747-300 passenger plane in September
+  and November respectively after it took a 747-300 last month.
+      It earlier reported a 58.7 pct increase in 1986 net profit
+  to 1.23 billion H.K. Dlrs and announced a final dividend of 14
+  cents a share.
+      But Cathay Pacific recorded sharp increases in net finance
+  charges to 124.9 mln dlrs from 44.4 mln a year.
+      A spokesman for the firm linked the rise to two aircraft
+  deliveries in 1986.
+      However, the company said in a statement good returns from
+  funds placed with investment managers had partly offset higher
+  interest costs resulting from additional lease financing and
+  other borrowing.
+      It added that the airline last year also saw aviation fuel
+  prices fall to an average 4.59 dlrs a gallon from 6.76 dlrs in
+  1985.
+      Passengers carried by Cathay Pacific totalled 4.2 mln last
+  year, up from 3.85 in 1985, with the passengers kilometre
+  travelled rising to 14.02 billion from 12.56 billion. But
+  passenger load factor was down to 69.1 pct from 71.0 pct.
+      The airline's cargo operations recorded growth of 21 pct in
+  total tonnage over the previous year and a 35.9 pct rise in
+  revenue to 1.79 billion dlrs.
+      Cathay Pacific floated its shares in April, 1986 and is now
+  50.23 pct owned by Swire Pacific Ltd <SWPC.HK>, 16.43 pct by
+  Hongkong and Shanghai Banking Corp <HKBH.HK> and 12.5 pct by
+  <China International Trust and Investment Corp>.
+  
+
diff --git a/reuters/training/6354 b/reuters/training/6354
new file mode 100644
index 0000000000000000000000000000000000000000..61baede1e3874c27b23a945721831ffe2cec52bd
--- /dev/null
+++ b/reuters/training/6354
@@ -0,0 +1,10 @@
+MALAYSIAN PALM KERNEL OUTPUT FALLS IN FEBRUARY
+  Malaysian palm kernel output fell
+  to an estimated 80,500 tonnes in February from a revised 83,231
+  (originally 83,700) in January and 98,393 in February 1986, the
+  Palm Oil Registration and Licensing Authority said.
+      Palm kernel stocks dropped to an estimated 45,870 tonnes in
+  February from a revised 55,693 (65,100) in January and 85,595
+  in February last year, it said.
+  
+
diff --git a/reuters/training/6355 b/reuters/training/6355
new file mode 100644
index 0000000000000000000000000000000000000000..7c994d8f5f63a7796e7c13cfce1c35ae56518ed7
--- /dev/null
+++ b/reuters/training/6355
@@ -0,0 +1,5 @@
+Morgan Grenfell 1986 pretax profit 82.19 mln stg vs 68.82 mln
+
+  Morgan Grenfell 1986 pretax profit 82.19 mln stg vs 68.82 mln
+  
+
diff --git a/reuters/training/6356 b/reuters/training/6356
new file mode 100644
index 0000000000000000000000000000000000000000..4810d5e0b86525a5f48aebc1612fb35134751184
--- /dev/null
+++ b/reuters/training/6356
@@ -0,0 +1,10 @@
+<MORGAN GRENFELL GROUP PLC> 1986 YEAR
+  Shr basic 39.2p vs 36.0p
+      Shr fully diluted 37.2p vs 34.3p
+      Div 7.0p making 10.5p vs 8.5p
+      Pretax profit 82.19 mln stg vs 68.82 mln
+      Tax 27.25 mln vs 27.42 mln
+      Minority interest 986,000 debit vs 124,000 credit
+      Extraordinary items 411,000 credit vs 219,000 debit
+  
+
diff --git a/reuters/training/6357 b/reuters/training/6357
new file mode 100644
index 0000000000000000000000000000000000000000..48cf9ea7e3cadc2a994ba09d91f51d2f39af846a
--- /dev/null
+++ b/reuters/training/6357
@@ -0,0 +1,86 @@
+GLOBAL TRADING IN YEN BOND FUTURES EXPECTED SOON
+  Global trading of yen bond futures is
+  just around the corner and they are expected to be listed soon
+  on the London International Financial Futures Exchange (LIFFE)
+  and the Chicago Board of Trade (CBOT), bond managers said.
+      "Internationalisation of the yen through expansion of
+  overseas portfolios in yen assets is the key to the success of
+  global trading of yen bond futures," said Katsuyuki Okayasu,
+  general manager of Yamaichi Securities Co Ltd's bond division.
+      "But Tokyo-based orders are necessary for a primary stimulus
+  for the LIFFE yen bond futures market," said Tetsuya Dezuka,
+  deputy general manager of the money market section of New Japan
+  Securities Co Ltd, one of the most active yen bond brokers in
+  London.
+      Healthy growth of yen bond futures markets depends
+  basically on substantial liquidity in cash yen bond markets
+  overseas and on the yen becoming attractive to traders there,
+  dealers said.
+      Outstanding yen cash bonds worldwide stand at around
+  140,000 billion yen, with most held in Japan, they said.
+      An agreement between CBOT and LIFFE in early February on
+  mutual settlements is expected to link U.S. Treasury bond
+  futures trading in London and Chicago, enabling a continuous
+  12-hour session, bond managers here said, adding the move was
+  made with yen bond futures trading in mind.
+      LIFFE is preparing for an early listing of yen bond futures
+  after receiving approval from Japan's Finance Ministry last
+  December.
+      But futures markets will never take root unless they are
+  backed by substantial liquidity in cash bond markets, dealers
+  said.
+      Daily transactions in the London yen cash bond market now
+  stand at 200 to 300 billion yen, but the extent of investor-
+  linked transactions is unknown, securities bond managers said.
+      "Japanese corporations have been actively setting up their
+  financing companies in London, suggesting they increasingly are
+  engaging in, not only fund raising, but management there,"
+  Dezuka said.
+      The steep increase in the number of branches of Japanese
+  securities houses in London and the growing numbers of U.S. And
+  U.K. Brokers coming to Tokyo has helped the London market's
+  growth, dealers said.
+      Internationalisation of the yen is also likely to be
+  promoted by yen bond trading in Chicago and New York later this
+  year, securities managers said.
+      The recent removal of a key regulatory obstacle by the U.S.
+  Securities and Exchange Commission will allow the CBOT to apply
+  to the Commodity Futures Trading Commission for a yen bond
+  futures contract, they said.
+      The ruling removed a regulation which prohibited trading
+  futures of designated foreign government debt securities not
+  located in the issuing country.
+      Fundamental Brokers Inc, a major U.S. Brokers' broker, has
+  decided to launch yen bond broking on its display system in New
+  York as early as April.
+      CBOT's start of an evening session, planned for the end of
+  April, will also multiply yen bond futures trading, a Nomura
+  Securities Co Ltd bond manager said. But there are still
+  obstacles to trading on the London market.
+      "Problems concerning cash bond delivery and clearing are
+  major obstacles for an early launching at LIFFE," said Koki
+  Chiyojima, deputy general manager of Nikko Securities Co Ltd's
+  bond administration division.
+      Nikko Securities Co Ltd, one of the big four Japanese
+  securities houses, is responsible for corresponding with LIFFE
+  on these matters.
+      Japan's Finance Ministry will start issuing bonds with
+  coupon payment of either March and September, or June and
+  December from April 1, matching futures delivery months.
+      The ministry now pays coupons in January, June, July and
+  December. When delivery months and coupon payments do not
+  match, a 20 pct withholding tax is imposed on interest earned
+  by non-resident bond holders, a deterrent to LIFFE, securities
+  managers said.
+      LIFFE is likely to wait until the outstanding amount of
+  bonds with matching months increases to over several billion
+  yen, bond managers said.
+      These bonds will be used for deliveries, as they are
+  expected to be the cheapest deliverable issues due to low
+  interest rates, they said.
+      Market participants here expect a clearing organisation to
+  be set up by the time they have substantial deliverable cash
+  issues, making overseas listings probable in the latter half of
+  1987.
+  
+
diff --git a/reuters/training/6358 b/reuters/training/6358
new file mode 100644
index 0000000000000000000000000000000000000000..6745b79cd0604d35cb3587289834a3ac3c91056f
--- /dev/null
+++ b/reuters/training/6358
@@ -0,0 +1,9 @@
+HENDERSON LAND DEVELOPMENT CO LTD <HNDH.HK>
+  Six months to Dec 31.
+      Shr 16 H.K. Cents vs 11
+      Interim div seven cents vs five
+      Net 211.03 mln dlrs vs 138.69 mln
+      Turnover 583.83 mln dlrs vs 441.04 mln
+      Note - Dividend payable May 4, books close April 21 to 27.
+  
+
diff --git a/reuters/training/6359 b/reuters/training/6359
new file mode 100644
index 0000000000000000000000000000000000000000..e2fcde2cf48f8dd98fe90c7ab043ee778cb31b99
--- /dev/null
+++ b/reuters/training/6359
@@ -0,0 +1,21 @@
+U.K. MONEY MARKET OFFERED EARLY ASSISTANCE
+  The Bank of England said it had invited
+  an early round of bill offers from the discount houses after
+  forecasting a shortage in the system of around 1.1 billion stg.
+      Money market dealers speculated that the central bank could
+  be taking the opportunity to signal a reduction in U.K. Base
+  lending rates by cutting the rates at which it intervenes in
+  the discount market.
+      Most operators are expecting a base rate cut today,
+  possibly of one point, following yesterday's budget in which
+  the U.K. Public sector borrowing target for 1987/88 was slashed
+  by three billion stg.
+      Among the main factors affecting liquidity, bills maturing
+  in official hands and the take-up of treasury bills will drain
+  some 1.11 billion stg while a rise in note circulation and
+  bankers' balances below target will take out around 120 mln stg
+  and 20 mln stg respectively.
+      Partly offsetting these outflows, exchequer transactions
+  will add some 140 mln stg to the system today.
+  
+
diff --git a/reuters/training/6361 b/reuters/training/6361
new file mode 100644
index 0000000000000000000000000000000000000000..2fefd9338d78084c146aad4716a6b9f23d1fee89
--- /dev/null
+++ b/reuters/training/6361
@@ -0,0 +1,21 @@
+SINGAPORE GOVERNMENT TAKES OVER GOODWOOD SHARES
+  The Singapore government has taken
+  over 82 mln dlrs worth of Goodwood Park Hotel Ltd shares and
+  loan stock certificates belonging to the company's chairman,
+  Khoo Teck Puat, banking sources said.
+      Khoo is a major shareholder of the <National Bank of Brunei
+  Bhd> (NBB), which closed in November after the Brunei
+  authorities alleged 90 pct of its loans of 1.3 billion Brunei
+  dlrs had been extended to Khoo-related firms without
+  documentation or guarantee.
+      The Goodwood securities are now held by the Commercial
+  Affairs Investigation Department, the banking sources said. The
+  department declined to comment.
+      The government move is aimed at protecting Goodwood's
+  minority shareholders and securing Goodwood deposits at the
+  NBB, the banking sources said.
+      Goodwood had a total of 87.3 mln dlrs in fixed deposits,
+  bank balances and accrued interest due from NBB as of last
+  November, according to Goodwood's annual report.
+  
+
diff --git a/reuters/training/6362 b/reuters/training/6362
new file mode 100644
index 0000000000000000000000000000000000000000..12116401d66198ddf216a1ec3f8d2c25dca4a509
--- /dev/null
+++ b/reuters/training/6362
@@ -0,0 +1,5 @@
+BANK OF ENGLAND SIGNALS HALF POINT CUT IN SHORT TERM RATES - DEALERS
+
+  BANK OF ENGLAND SIGNALS HALF POINT CUT IN SHORT TERM RATES - DEALERS
+  
+
diff --git a/reuters/training/6364 b/reuters/training/6364
new file mode 100644
index 0000000000000000000000000000000000000000..a7c36dc0c8bc2a7cda28407c4456a72965922926
--- /dev/null
+++ b/reuters/training/6364
@@ -0,0 +1,5 @@
+BANK OF ENGLAND SAID IT INVITED BORROWINGS AT 10 PCT LATER TODAY
+
+  BANK OF ENGLAND SAID IT INVITED BORROWINGS AT 10 PCT LATER TODAY
+  
+
diff --git a/reuters/training/6365 b/reuters/training/6365
new file mode 100644
index 0000000000000000000000000000000000000000..67c2a64190bc117ebc712a492e7a3d0c7d74ab17
--- /dev/null
+++ b/reuters/training/6365
@@ -0,0 +1,5 @@
+BARCLAYS BANK SAID ITS CUTTING BASE LENDING RATE TO 10 PCT PCT FROM 10.5 PCT.
+
+  BARCLAYS BANK SAID ITS CUTTING BASE LENDING RATE TO 10 PCT PCT FROM 10.5 PCT.
+  
+
diff --git a/reuters/training/6366 b/reuters/training/6366
new file mode 100644
index 0000000000000000000000000000000000000000..9dd59be2dccd8059952c089dd4e2d0e75a22b6fe
--- /dev/null
+++ b/reuters/training/6366
@@ -0,0 +1,5 @@
+NATIONAL WESTMINSTER BANK SAID IT CUTTING BASE RATE TO 10 PCT FROM 10.5 PCT.
+
+  NATIONAL WESTMINSTER BANK SAID IT CUTTING BASE RATE TO 10 PCT FROM 10.5 PCT.
+  
+
diff --git a/reuters/training/6368 b/reuters/training/6368
new file mode 100644
index 0000000000000000000000000000000000000000..c1a74e8ceec0875c2210b8c3b1ab6f64131b33cb
--- /dev/null
+++ b/reuters/training/6368
@@ -0,0 +1,22 @@
+TOYOTA MOTORS SIGNS PURCHASE AGREEMENT WITH PNB
+  The state-owned Philippine National Bank
+  (PNB) will fund Toyota Motor Corp's <TOYO.T> planned purchase
+  of its bankrupt former local partner's manufacturing facilities
+  for at least 193 mln pesos, a bank official told reporters.
+      Toyota has informed the Philippine government it plans to
+  produce cars again here in joint venture with a local partner.
+      It proposes to invest about 400 mln pesos in the
+  manufacture of car spare parts and other items, and generate
+  about 100 mln pesos in export earnings over five years.
+      The banker said today a letter of intent was signed three
+  weeks ago but the sale requires approval from government
+  agencies charged with selling private sector assets taken over
+  by state-owned banks.
+      Official sources said Toyota's application was likely to be
+  approved.
+      Toyota severed ties with its Philippine partner of 20
+  years, <Delta Motor Corp>, in 1984 because the local company
+  was suffering financial difficulties. PNB later foreclosed on
+  Delta's assets.
+  
+
diff --git a/reuters/training/6369 b/reuters/training/6369
new file mode 100644
index 0000000000000000000000000000000000000000..ab4223c27a739e0ba64d6b33b8ddcaa57a105ca9
--- /dev/null
+++ b/reuters/training/6369
@@ -0,0 +1,19 @@
+BANK OF ENGLAND INVITES BORROWING AT 10 PCT
+  The Bank of England said it had invited
+  those discount houses wishing to use borrowing facilities to do
+  so at 1430 GMT today at a rate of 10 pct for 14 days.
+      This compares with the Bank's present band one dealing rate
+  of 10-3/8 pct.
+      The Bank of England's announcement was quickly followed by
+  Barclays Bank and National Westminster Bank which announced a
+  half-point cut in their base rates to 10 pct from 10-1/2 pct.
+      Dealers said the lowering in base rates had been widely
+  expected following yesterday's U.K. Budget in which Chancellor
+  of the Exchequer Nigel Lawson announced a three billion stg cut
+  in the Government's public sector borrowing target for 1987/88
+  to four billion stg.
+      Many in the market had expected a full one point cut in
+  base rates today but some were not surprised by the
+  authorities' caution, dealers added.
+  
+
diff --git a/reuters/training/6371 b/reuters/training/6371
new file mode 100644
index 0000000000000000000000000000000000000000..5376c408b65ef3dec71f351426621bab915c1f65
--- /dev/null
+++ b/reuters/training/6371
@@ -0,0 +1,12 @@
+GERMAN PRODUCER PRICES FALL 0.3 PCT IN FEBRUARY
+  West German producer prices fell 0.3
+  pct in February from January and were 4.2 pct below prices in
+  February last year, the Federal Statistics Office said.
+      In January, producer prices rose 0.2 pct from December, the
+  first monthly rise since October 1985, but they were down 4.4
+  pct from a year earlier.
+      The Statistics Office said light heating oil producer
+  prices fell 22 pct in February from January while heavy heating
+  oil prices fell 24 pct.
+  
+
diff --git a/reuters/training/6372 b/reuters/training/6372
new file mode 100644
index 0000000000000000000000000000000000000000..454e1b9f09cfea2631a782e2038b67c9da7e2a5a
--- /dev/null
+++ b/reuters/training/6372
@@ -0,0 +1,11 @@
+HOLZSTOFF AG <GHOZ.BS> 1986 YEAR
+  Net profit 25.5 mln Swiss francs vs 22.2
+  mln
+      Turnover 717 mln vs 739 mln
+      Cash flow 75.4 mln vs 58.1 mln
+      Proposed dividend 70 francs vs same
+      Note - Company plans one for two rights issue of 40,000
+  participation certificates of nominal 50 francs. Conditions not
+  yet set.
+  
+
diff --git a/reuters/training/6373 b/reuters/training/6373
new file mode 100644
index 0000000000000000000000000000000000000000..9586e660bd2dea2491e5f3457b74dab3db1b9e2f
--- /dev/null
+++ b/reuters/training/6373
@@ -0,0 +1,24 @@
+VEBA SHARE PLACEMENT STILL EXPECTED THIS MONTH
+  The sale of the government's 25.55 pct
+  stake in VEBA AG <VEBG.F> is still expected this month, banking
+  sources closely linked with the transaction said.
+      A spokesman for the Finance Ministry said no exact date had
+  yet been set for the privatisation, which the government has
+  tabled for the second half of March. However, he added a
+  scandal at Volkswagen AG <VOWG.F>, VW, over currency losses "has
+  nothing to do" with the timing of the VEBA sale.
+      Finance Minister Gerhard Stoltenberg has said the sale of
+  the Federal government's stake in VW, originally scheduled for
+  later this year, may be delayed because of the currency affair.
+      A banker involved in the VEBA placement said "Nothing has
+  changed in the planning. I still presume that it will take
+  place in the second half of March."
+      This banker said there would be no reason to postpone the
+  issue of the 10 mln VEBA shares for a few days. He added that
+  the consortium which is arranging the deal had completed its
+  preparatory work, although the price had not been decided.
+      The VEBA share has been weaker ahead of the placement but
+  West German stocks have been generally bearish and news of the
+  VW scandal last week put further pressure on the market.
+  
+
diff --git a/reuters/training/6375 b/reuters/training/6375
new file mode 100644
index 0000000000000000000000000000000000000000..92e91cccb1b8eb969b127c75786681c7bedddfaa
--- /dev/null
+++ b/reuters/training/6375
@@ -0,0 +1,23 @@
+SOVIET ECONOMIST SAYS PRODUCTION FIGURES PADDED
+  A leading Soviet economist said the
+  practice of padding figures was significantly inflating the
+  country's industrial production data.
+      "According to the information of state monitoring organs,
+  the padding of figures makes up one-and-a-half to three per
+  cent of the volume of production," Alexei Sergeyev told the
+  official newspaper Sovetskaya Rossiya.
+      "In my opinion, it is significantly higher," Sergeyev, who
+  works at the Economics Institute of the Soviet Union's Academy
+  of Sciences, said.
+      Most Western economists have for years allowed for a
+  certain padding of figures when analysing Soviet statistics for
+  industrial production.
+      Sergeyev said about 600 mln roubles was lost annually in
+  raw material industries by paying wages and bonuses for work
+  which was not in fact performed.
+      He said the elimination of figure-padding and other
+  malpractices would save billions of roubles and would pay for
+  the Soviet Union's social development program up to the year
+  2000.
+  
+
diff --git a/reuters/training/6376 b/reuters/training/6376
new file mode 100644
index 0000000000000000000000000000000000000000..1174840a388429ba1165123d53a997656bc91474
--- /dev/null
+++ b/reuters/training/6376
@@ -0,0 +1,43 @@
+SONY FORESEES CONTINUED SLUMP IN EARNINGS
+  Sony Corp <SNE.T> group net income is
+  expected to be down 65 pct for the five months ending March 31
+  from the same period a year ago at around 10 billion yen, if
+  the yendollar rate remains at the present level, managing
+  director Tsunao Hashimoto told a press conference.
+      Sony will have an irregular five-month business term ending
+  March 31, as its financial year will be changed to run from
+  April 1 to March 31 from the current October 31 year end.
+      Group sales in the same period are estimated at about 550
+  billion yen, down five pct from a year earlier, he said.
+      The company earlier reported net income of 7.65 billion yen
+  in the three month period ended January 31, down 59.2 pct from
+  a year earlier, on sales of 343.06 billion, down 6.3 pct.
+      The gloomy profits and sales resulted from the yen's recent
+  appreciation against the dollar and a sharp drop in market
+  prices due to severe sales competition at home and abroad.
+      The yen rose 26 pct to an average of 159 yen to the dollar,
+  reducing the company's total sales in the three month period by
+  40 billion yen, Hashimoto said.
+      Sales of 8-mm video camera/recorders totalled 300,000 units
+  in the three months, unchanged from a year earlier, while
+  Beta-format video tape recorders (vtrs) sales fell to 300,000
+  from 350,000. Sales of compact disc players rose to 450,000
+  from 300,000 and those of the Walkman rose to 2.25 mln from
+  1.30 mln but colour television sales fell to 950,000 from one
+  mln due to lower exports to China.
+      Sales of 8-mm vtrs had already exceeded Beta-format vtrs
+  sales since the beginning of fiscal 1986, Hashimoto said.
+  Overseas sales accounted for 68.2 pct of the total in the three
+  months compared with 71.3 pct a year earlier.
+      Overseas production will account for 35 pct of its total
+  production in 1990 from the present 20 pct.
+      Hashimoto also said parent current profit in the five-month
+  period is estimated at around 17 billion yen, down 33 pct from
+  a year earlier, on sales of 400 billion, down 12 pct.
+      Sony is hoping to retain at least 1985/86 levels of group
+  net profits and sales in the new financial year starting April
+  1 1987, he added. The company made 41.9 billion yen group net
+  profit in the year ended November 31 1986, down 42.6 pct from a
+  year earlier, on sales of 1,325 billion, down 6.7 pct.
+  
+
diff --git a/reuters/training/6382 b/reuters/training/6382
new file mode 100644
index 0000000000000000000000000000000000000000..372fb992fda30b42c2c5c04b317cfd70cb490cee
--- /dev/null
+++ b/reuters/training/6382
@@ -0,0 +1,24 @@
+KLM DENIES PRESS REPORT OF AIR ATLANTA TAKEOVER
+  NV KLM Royal Dutch Airlines <KLM.AS>
+  is "absolutely not" negotiating a takeover of U.S. Regional
+  carrier Air Atlanta, a KLM spokeswoman said in a comment on an
+  article in the leading Dutch evening paper NRC Handelsblad.
+      "U.S. Law requires that at least 75 pct of shares in a U.S.
+  Airline be owned by American firms or persons," the spokeswoman
+  added.
+      The newspaper said that Air Atlanta, which flies to 11 U.S.
+  Cities, has a fleet of five Boeing jets with passenger capacity
+  of 110 and employs 400 people, is making losses.
+      She said KLM had started talks with Vendex International NV
+  <VENN.AS> on their jointly owned courier service XP Express
+  Parcel Systems, but declined to confirm an NRC Handelsblad
+  report saying it wanted to buy the Vendex stake in XP.
+      KLM said last week it is negotiating a minority stake in
+  British courier service <IML Air Services Group Ltd>, a
+  subsidiary of British and Commonwealth Shipping Plc <BCOM.L>,
+  to strengthen its position in the fast-growing worldwide
+  door-to-door delivery market.
+      The KLM spokeswoman said she expected further announcements
+  about the talks with Vendex to be made early next week.
+  
+
diff --git a/reuters/training/6384 b/reuters/training/6384
new file mode 100644
index 0000000000000000000000000000000000000000..756b3d18b662bb8b0bbafd1a6073731179476026
--- /dev/null
+++ b/reuters/training/6384
@@ -0,0 +1,12 @@
+BELGIAN BANK SAID TO SEE SLOWER GROWTH
+  An internal report produced by the
+  Belgian National Bank foresees the country's gross national
+  product growth falling in 1987 to 1.0 pct from 2.3 pct in 1986,
+  the independent newspaper Le Soir said.
+      A National Bank spokesman said the newspaper article was
+  basically correct, but that the report was produced six weeks
+  ago and figures were therefore to some extent out of date.
+      The government's planning bureau predicted growth of 0.9
+  pct this year in a study published last month.
+  
+
diff --git a/reuters/training/6385 b/reuters/training/6385
new file mode 100644
index 0000000000000000000000000000000000000000..ad29df32a459e67677f78dcb998bb99ce1ac0602
--- /dev/null
+++ b/reuters/training/6385
@@ -0,0 +1,9 @@
+SPAIN'S INFLATION RISES 0.4 PCT IN FEBRUARY
+  Spain's consumer price index rose 0.4
+  pct in February after increases of 0.7 pct the previous month
+  and 0.4 pct in February last year, National Statistics
+  Institute figures show.
+      Year-on-year inflation was six pct compared with the
+  government five pct target for 1987. It rose 8.3 pct last year.
+  
+
diff --git a/reuters/training/6386 b/reuters/training/6386
new file mode 100644
index 0000000000000000000000000000000000000000..f2638f877ed5597930f342a4afe29d328672ff8c
--- /dev/null
+++ b/reuters/training/6386
@@ -0,0 +1,23 @@
+TAIWAN BUYS 462,000 TONNES OF U.S. MAIZE
+  The joint committee of Taiwan's maize
+  importers awarded contracts to five U.S. Companies to supply a
+  total of 462,000 tonnes of maize for delivery between May 10
+  and October 10, a committee spokesman said.
+      Cigra Inc won a contract for a cargo of 56,000 tonnes,
+  priced at 79.41 U.S. Dlrs per tonne fob pacific northwest port,
+  for delivery on July 5 and 20.
+      Continental Grain Co of New York received three shipments,
+  totalling 143,000 tonnes, price ranging from 90.95 to 95.75
+  U.S. Dlrs per tonne c and f Taiwan for delivery between May 10
+  and October 10.
+      Cargill Inc of Minnesota took two shipments, totalling
+  83,000 tonnes priced between 92.00 and 92.93 U.S. Dlrs per
+  tonne c and f Taiwan for September 5-20/September 10-25
+  delivery. United Grain Corp of Oregon won three contracts to
+  supply 93,000 tonnes priced from 92.32 to 93.19 U.S. Dlrs per
+  tonne c and f Taiwan for delivery between May 10 and July 30.
+      Garnac Grain Co Inc of New Jersey received two shipments,
+  totalling 87,000 tonnes at 88.90 to 92.29 U.S dlrs c and f
+  Taiwan for delivery between July 10 and August 10.
+  
+
diff --git a/reuters/training/6394 b/reuters/training/6394
new file mode 100644
index 0000000000000000000000000000000000000000..aaad6a16f9ff59b21403a076085e2a719c3a0e42
--- /dev/null
+++ b/reuters/training/6394
@@ -0,0 +1,5 @@
+LAWSON SAYS HE IS CONTENT WITH CURRENT STERLING EXCHANGE RATE
+
+  LAWSON SAYS HE IS CONTENT WITH CURRENT STERLING EXCHANGE RATE
+  
+
diff --git a/reuters/training/6398 b/reuters/training/6398
new file mode 100644
index 0000000000000000000000000000000000000000..2a071ee06a8fb1d856a314fdc9fe8054a0e35bdf
--- /dev/null
+++ b/reuters/training/6398
@@ -0,0 +1,5 @@
+LAWSON SAYS HE FAVOURS GRADUAL APPROACH TO CUTS IN U.K. INTEREST RATES
+
+  LAWSON SAYS HE FAVOURS GRADUAL APPROACH TO CUTS IN U.K. INTEREST RATES
+  
+
diff --git a/reuters/training/6399 b/reuters/training/6399
new file mode 100644
index 0000000000000000000000000000000000000000..e657982f80dc82c84a55fabe1b3005578ab2f86b
--- /dev/null
+++ b/reuters/training/6399
@@ -0,0 +1,10 @@
+U.K. MONEY MARKET SHORTAGE FORECAST REVISED UP
+  The Bank of England said it revised up
+  its estimate of the deficit in the system today to 1.3 billion
+  stg from 1.1 billion.
+      The Bank has not provided any assistance to the market so
+  far today but earlier invited the discount houses to use their
+  borrowing facilities at 1430 GMT today and set the terms at 10
+  pct for 14 days.
+  
+
diff --git a/reuters/training/64 b/reuters/training/64
new file mode 100644
index 0000000000000000000000000000000000000000..62cd5446c0a6c7c82636ea07c762ba6d34f0384f
--- /dev/null
+++ b/reuters/training/64
@@ -0,0 +1,9 @@
+GULF APPLIED <GATS> SELLS UNITS, SEES GAIN
+  Gulf Applied Technologies Inc said it
+  sold its pipeline and terminal operations units for 12.2 mln
+  dlrs and will record a gain of 2.9 mln dlrs in the first
+  quarter.
+      It added that any federal taxes owed on the transaction
+  will be offset by operating loss carryovers.
+  
+
diff --git a/reuters/training/6400 b/reuters/training/6400
new file mode 100644
index 0000000000000000000000000000000000000000..49841b9045bebf4e979c327bdc1928867fd4f39d
--- /dev/null
+++ b/reuters/training/6400
@@ -0,0 +1,83 @@
+LAWSON HAPPY WITH STERLING, BACKS LATEST RATE CUT
+  Chancellor of the Exchequer Nigel Lawson
+  said he was content with the current level of sterling and
+  welcomed today's announcement of a further half point cut in
+  British bank base lending rates to 10 pct.
+      However, he said he wanted to see a gradual approach to
+  declines in domestic U.K. Interest rates, although optimism in
+  financial markets might push for big moves quickly.
+      He told a briefing of economic journalists that "I don't
+  think we should rush anything." Lawson stressed the themes of
+  "gradualism and steadiness" as economic policy.
+      Lawson acknowledged that today's fall in interest rates
+  were in response to his budget for fiscal 1987/88, unveiled
+  yesterday to Parliament and which set a lower target for the
+  key Public Sector Borrowing Requirement (PSBR) of 1.0 pct of
+  GDP.
+      Lawson said the two recent cuts in base rates, both made
+  this month in the form of half percentage point declines, were
+  "perfectly consistent" with monetary conditions now in Britain.
+      He supported that by saying the narrow M0 money supply
+  aggregate was "safely inside" its flucuation band of two to six
+  pct set for both 1986/87 and 1987/88. In his budget, Lawson set
+  no explicit target range for the broader sterling M3.
+      Turning to the question of Britain eventually joining the
+  exchange rate mechanism of the European Monetary System (EMS),
+  Lawson repeated that "it is most unlikely we will enter before
+  the next election."
+      He said Britain was keeping the subject of full EMS
+  membership under constant review. But he would not indicate
+  what the chief considerations for this were for the government.
+      Prime Minister Margaret Thatcher late last year said a
+  decision on whether or not to join depended on the strength of
+  the U.K. Economy. But she later said such a move depended on
+  other EMS countries scrapping residual capital controls.
+      Although Lawson denounced what he said was "the current wave
+  of election fever" in Britain, he added:  "It is more likely that
+  there will be an election this year" than not.
+      He said he supported an early election only because it
+  would clear the air. "Ideally, we (the government) should have a
+  full term," but events could force a premature poll, Lawson
+  said.
+      The government, which has been in power since 1979, must
+  call an election by June 1988. Speculation is rising for either
+  a June or an early autumn election, political sources said.
+      The decision to cut basic tax by only two pence in 1987/88
+  "was the right balance, economically and politically," he said.
+      Lawson's decision to restrict the fall in the standard rate
+  of tax to two-pence surprised many analysts, who had predicted
+  that with Treasurys coffers full of tax revenue would have
+  allowed the government to reach its goal of 25 pct in one move.
+      But it was being praised today by political analysts as a
+  shrewd move which, while advancing towards that aim, could not
+  be seized upon by opposition parties as overtly trying to bribe
+  the electorate.
+      Lawson told journalists he had been surprised by how much
+  the PSBR had undershot his original assumption of 7.1 billion
+  stg for 1986/87 -- by some three billion stg.
+      Returning to changing levels of interest rates, Lawson
+  stressed that "they are not an objective (for the government) -
+  they are an instrument of policy." Consequently the Treasury had
+  no precise target for domestic borrowing levels, he said.
+      But "there may be interest rate consequences" from changes in
+  the level of government borrowing, he added.
+      Lawson said he did not think that the U.K.'s relatively
+  high level of real interest rates had hurt investment in
+  Britain.
+      He said conditions created by London's role as a leading
+  financial centre had caused sterling interest rates to be
+  higher in real terms than in other countries.
+      Three factors had caused the higher level in relative
+  interest rates in Britain, Lawson said.
+      First, control of credit in Britain rested on interest
+  rates alone, due to the freedom of its financial markets.
+      He said the second reason was political uncertainty caused
+  by proposed spending plans of the opposition Labour Party.
+       Thirdly, he said "we do not have as long a track record of
+  low inflation" as did the U.S., Japan and West Germany.
+      Lawson foresaw London becoming the world's pre-eminent
+  financial centre, because it was more international in
+  character and more favourably placed in time zones than New
+  York or Tokyo.
+  
+
diff --git a/reuters/training/6402 b/reuters/training/6402
new file mode 100644
index 0000000000000000000000000000000000000000..c51a3fb763483dcbcf081d2ccb040493d201c807
--- /dev/null
+++ b/reuters/training/6402
@@ -0,0 +1,32 @@
+DIXONS HAS 56 PCT OF CYCLOPS CORP
+  Dixons Group Plc <DXNS.L> said its
+  tender offer for all of the common shares in <Cyclops Corp> of
+  the U.S. Expired at midnight yesterday and that it had accepted
+  approximately 2.3 mln shares in the company at 90.25 dlrs each.
+      This represents just over 54 pct of the outstanding shares
+  on a fully diluted basis. But including shares already owned,
+  Dixons now holds a total of 56 pct of the fully diluted
+  outstanding shares.
+      The company said it is now entitled to subscribe for all
+  the authorised but unissued and unreserved shares of common
+  stock of Cyclops, which total some 5.4 mln shares, at 90.25
+  dlrs each.
+      Dixons said it has waived its condition that 80 pct of the
+  fully diluted outstanding shares be validly tendered and not
+  withdrawn.
+      Dixons launched the agreed 384 mln dlr offer on February 17
+  this year in the wake of its unsuccessful battle to take over
+  the U.K. Retail store chain Woolworth Holdings Plc <WLUK.L>.
+      Dixons shares were last quoted at 390p, up on last night's
+  close of 380p.
+      On Friday, <CYACQ Corp>, an investor group formed by
+  Audio/Video Affiliates Inc <AVA> and Citicorp <CCI>, said it
+  would increase the price it was offering for all Cyclops shares
+  to 92.50 dlrs from 80.00 dlrs each if Cyclops would provide it
+  with confidential information given to Dixons and if it were
+  satisfied that any rights Dixon might have to recover fees or
+  expenses from Dixons or to buy Cyclops stock would be rescinded
+  or proved invalid.
+      Audio/Video's offer is scheduled to expire March 20.
+  
+
diff --git a/reuters/training/6404 b/reuters/training/6404
new file mode 100644
index 0000000000000000000000000000000000000000..6c838ef160f331070387dd50f38eb7d88fe69d9c
--- /dev/null
+++ b/reuters/training/6404
@@ -0,0 +1,20 @@
+IRAQ SAYS IT ATTACKS TWO SHIPS IN GULF
+  Iraq said its warplanes hit two ships
+  off the Iranian coast in attacks last night and early today.
+      The planes "dealt accurate and effective blows to both
+  maritime targets before they returned safely to base," a
+  military spokesman told the Iraqi new agency INA.
+      There was no immediate confirmation of the attacks from
+  Persian Gulf shipping sources.
+      The last confirmed Iraqi attack on shipping was on March 8,
+  when an Iranian tanker was hit by a missile south of Iran's
+  Kharg island oil export terminal.
+      Gulf shipping sources yesterday reported an Iranian warship
+  had set the Cypriot supertanker Pivot on fire with a missile.
+      They said there were no injuries on board and the ship
+  headed for the Gulf Emirate of Fujairah under its own power
+  after the fire was put out.
+      The Pivot was the 18th ship hit this year in the maritime
+  extension of the 6-1/2 year-old Iran-Iraq war.
+  
+
diff --git a/reuters/training/6405 b/reuters/training/6405
new file mode 100644
index 0000000000000000000000000000000000000000..82c6dd3d950aaf43f3c28568f5d3e89d250ad6cb
--- /dev/null
+++ b/reuters/training/6405
@@ -0,0 +1,5 @@
+ICCO delegates accept principles of buffer stock compromise as negotiation base
+
+  ICCO delegates accept principles of buffer stock compromise as negotiation base
+  
+
diff --git a/reuters/training/6406 b/reuters/training/6406
new file mode 100644
index 0000000000000000000000000000000000000000..bf5483abfc5181e1c0a1d831442c177f110a817a
--- /dev/null
+++ b/reuters/training/6406
@@ -0,0 +1,55 @@
+NEW ZEALAND ECONOMY FORECAST TO IMPROVE IN 1987/88
+  New Zealand's inflation and interest
+  rates should decline and the balance of payments improve
+  significantly in the fiscal year to the end of March 1988, the
+  Institute of Economic Research (NZIER) said.
+      The independent institute said in its quarterly March issue
+  that it was also revising its fiscal 1987 real gross domestic
+  product (GDP) forecast to a fall of 0.5 pct against the one pct
+  drop forecast in December.
+      Government figures show GDP grew at an annual 1.8 pct in
+  the quarter to September and 3.4 pct in the June quarter.
+      The NZIER said the sharp improvement in the June and
+  September quarters was due mainly to a new tax structure and
+  the introduction of a 10 pct value-added goods and services tax
+  and is not expected to continue in the second half of 1986/87.
+      The government's tight fiscal position is not expected to
+  change, it said.
+      Annual inflation, measured by the consumer price index, is
+  forecast to fall to nine pct by next March from 18.2 pct in
+  calendar 1986, it said.
+      "Falling inflation is likely to give significant scope for
+  reductions in nominal interest rates; real interest rates are
+  also expected to ease (albeit slightly) as the balance of
+  payments deficit and hence the call on overseas capital, falls
+  away," the NZIER said.
+      Short-term interest rates are forecast to remain between 20
+  and 25 pct until the June quarter, but will decline over the
+  second half of 1987/88 to between 16 and 18 pct. Long-term
+  rates are expected to fall to between 14 and 16 pct.
+      Five year government bond rates are currently 18.40 pct and
+  the key indicator 30-day bank bills 26.53 pct.
+      The local dollar is expected to depreciate steadily in the
+  early part of the coming year and, by next March, reach 57.5 on
+  the Reserve Bank's trade weighted index, which is based on a
+  basket of currencies. The index now stands at around 66.4.
+      "A marked improvement in the balance of payments is
+  forecast," the NZIER said. "The current account deficit is
+  expected to fall from 7.5 pct of GDP in 1985/86 to 4.5 pct in
+  1986/87 and 2.5 pct in 1987/88."
+      The current account deficit is forecast to shrink to 1.32
+  billion N.Z. Dlrs in 1987/88 from 2.40 billion in 1986/87 and
+  3.33 billion in 1985/86.
+      The 1987/88 budget deficit is forecast to be 2.8 billion
+  dlrs against an expected 2.9 billion dlrs in 1986/87 and 1.87
+  billion in 1985/86.
+      This compares with the government's 1986/87 deficit figure
+  of 2.92 billion against an earlier forecast of 2.45 billion.
+      "Conditions in the coming year are sufficiently subdued to
+  contribute to marked improvements in both the balance of
+  payments and the rate of inflation ...," the NZIER said.
+      "Overall, these are significant gains for the New Zealand
+  economy and, if they continue to be improved upon, bode well
+  for future prospects."
+  
+
diff --git a/reuters/training/6407 b/reuters/training/6407
new file mode 100644
index 0000000000000000000000000000000000000000..f3dbcda4662aa82077c2979fd8abad22d6bfc2ef
--- /dev/null
+++ b/reuters/training/6407
@@ -0,0 +1,26 @@
+ICCO MEMBERS ACCEPT BUFFER STOCK PRINCIPLES
+  International Cocoa Organization (ICCO)
+  producers and consumers accepted the principles of a compromise
+  proposal on buffer stock rules as a basis for further
+  negotiation, delegates said.
+      The buffer stock working group then asked ICCO Executive
+  Director Kobena Erbynn, who wrote up the draft compromise, to
+  flesh out details of the principles with the assistance of a
+  representative group of delegates, they said.
+      The working group broke up for the day, into a smaller
+  group of five producers and five consumers to discuss
+  administrative rules and into the group headed by Erbynn to
+  hammer out buffer stock rules details, delegates said.
+      Delegates said many differences of opinion still have to be
+  ironed out. "Whenever we start getting into details the clouds
+  gather," one delegate said.
+      Erbynn is likely to present fleshed out details of the
+  buffer stock rules proposal to the working group early
+  tomorrow, delegates said.
+      The principles of the draft proposal included establishing
+  an offer system for buffer stock purchases rather than a posted
+  price system, a limit to the amount of non-ICCO member cocoa
+  that can be bought, and differentials to be paid for different
+  varieties of cocoa comprising the buffer stock, delegates said.
+  
+
diff --git a/reuters/training/6410 b/reuters/training/6410
new file mode 100644
index 0000000000000000000000000000000000000000..d3e8dc450232cced2c88211dd2094eda492226ae
--- /dev/null
+++ b/reuters/training/6410
@@ -0,0 +1,56 @@
+AFG <AFG>, WAGNER/BROWN BID FOR GENCORP <GY>
+  <General Partners>, controlled by
+  privately-held Wagner and Brown and by AFG Industries Inc, said
+  it has started a tender offer for all common shares of GenCorp
+  Inc and associated defensive preferred share purchase rights
+  for 100 dlrs a share.
+      GenCorp stock closed yesterday in composite tape trading at
+  90.50 dlrs a share, up two dlrs on the day.
+      In a newspaper advertisement, General Partners said the
+  offer and withdrawal rights expire April 14 unless extended.
+      General Partners said the offer is conditioned on receipt
+  of sufficient financing to buy all shares on a fully diluted
+  basis and receipt of enough shares to give General Partners at
+  least 51 pct voting power, again fully diluted.
+      It said the offer is also conditioned on GenCorp redeeming
+  the defensive rights or General Partners being satisfied that
+  the rights have been invalidated and General Partners obtaining
+  from the Federal Communications Commission a special temporary
+  authorization allowing completion of the acquisition of GenCorp
+  shares.
+      General Partners said it would set up voting trust
+  arrangements pending review of its long-form application for
+  FCC approval of its acquisition of control of GenCorp's
+  broadcasting subsidiary.
+      The partnership said the offer is further conditioned on
+  GenCorp management withdrawing its proposals to amend the
+  company's articles of incorporation and code of regulations to
+  provide for an increase in authorized common shares, a
+  classified board of directors and the elimination of cumulative
+  voting.  The latter two changes would make it harder for
+  minority shareholders to elect directors.
+      General Partners said it is asking GenCorp for its
+  shareholder lists for help in disseminating the offer.
+      GenCorp has about 22.3 mln shares outstanding, making the
+  value of the offer about 2.23 billion dlrs.
+      Last fall, AFG and Wagner and Brown offered to acquire
+  <Lear Siegler Inc> for about 1.44 billion dlrs but withdrew the
+  offer when higher bids emerged and due to complications of the
+  Tax Reform Act of 1986.  Lear Siegler eventually went private
+  for 1.66 billion dlrs.
+      GenCorp is involved in tire and plasticmaking and aerospace
+  as well as broadcasting.  The company faces challenges to its
+  two television and 12 radio station licenses, partly becuase it
+  failed to inform the FCC about allegedly improper foreign
+  payments and political contributions.
+      GenCorp has agreed to sell its New York-area television
+  station WOR to MCA Inc <MCA> for 387 mln dlrs and its Los
+  Angeles station KHJ to Walt Disney Co <DIS> for 217 mln dlrs.
+  An investor group challenging the Los Angeles license would
+  also receive 103 mln dlrs from Disney.
+      For the year ended November 30, GenCorp earned 130 mln dlrs
+  on sales of 3.10 billion dlrs.
+      A GenCorp spokesman said the offer came as a surprise and
+  the company was not yet in a position to comment on the bid.
+  
+
diff --git a/reuters/training/6412 b/reuters/training/6412
new file mode 100644
index 0000000000000000000000000000000000000000..e9f87397160173c5018fe90ca23237aa3d238e20
--- /dev/null
+++ b/reuters/training/6412
@@ -0,0 +1,11 @@
+EGYPT REJECTS VEG OIL OFFERS, TO RETENDER
+  Egypt rejected all offers at a vegetable
+  oil import tender yesterday for unspecified amounts of
+  sunflowerseed oil and/or cottonseed oil, traders said. It has
+  asked for a renewal of offers on March 24.
+      Exporters said they were not prepared to offer material on
+  Egypt's new landed contract terms which include a clause, "free
+  from radioactive contamination." Offers submitted were on old
+  contract terms, all of which were rejected.
+  
+
diff --git a/reuters/training/6413 b/reuters/training/6413
new file mode 100644
index 0000000000000000000000000000000000000000..3a5e88b3e5376267defbb2e9bf769b3f19b45e1f
--- /dev/null
+++ b/reuters/training/6413
@@ -0,0 +1,14 @@
+TEXACO <TX> TO CEASE POSTING TEXAS OIL PRICE
+  Texaco Refining and Marketing, an
+  operating subsidiary of Texaco Inc, said it would cease to post
+  crude oil prices for West Texas crudes at the end of this month
+  following a decision to discontinue purchase of crude oil from
+  leases, a Texaco spokesman in Houston said.
+      But it will continue to purchase quantities of U.S. and
+  foreign crude oil for use in its refinery system, he added.
+       The spokesman also said Texaco Trading and Transport Inc
+  would continue to acquire and market Texaco lease production as
+  well as other lease production. The company will continue to
+  post a Louisiana price, it said.
+  
+
diff --git a/reuters/training/6414 b/reuters/training/6414
new file mode 100644
index 0000000000000000000000000000000000000000..a0598c9c5a31e26b9b264e1e7b2ac3e3962e271e
--- /dev/null
+++ b/reuters/training/6414
@@ -0,0 +1,14 @@
+IVORY COAST MINISTER DELAYED FOR COCOA TALKS
+  Ivorian Agriculture Minister Denis Bra
+  Kanon, chairman of the International Cocoa Organization (ICCO)
+  council, will not be able to open the council session here
+  tomorrow, an Ivorian ICCO delegate told Reuters.
+      He will arrive sometime later during the meetings here, the
+  delegate said. The council session will be chaired instead by
+  ICCO vice chairman Sir Denis Henry, the delegate from Grenada,
+  ICCO officials said.
+      Ivorian officials last week said Bra Kanon was due to
+  return home for funeral ceremonies for a sister of Ivorian
+  President Felix Houphouet-Boigny March 19-22.
+  
+
diff --git a/reuters/training/6416 b/reuters/training/6416
new file mode 100644
index 0000000000000000000000000000000000000000..40e417bafc9344d6fe3c6c13bfd4be4af2e6f37f
--- /dev/null
+++ b/reuters/training/6416
@@ -0,0 +1,5 @@
+U.S. REAL GNP ROSE REVISED 1.1 PCT IN 4TH QTR INSTEAD OF 1.3 PCT RISE
+
+  U.S. REAL GNP ROSE REVISED 1.1 PCT IN 4TH QTR INSTEAD OF 1.3 PCT RISE
+  
+
diff --git a/reuters/training/6417 b/reuters/training/6417
new file mode 100644
index 0000000000000000000000000000000000000000..f04e6cd7afbef78695cc66decddb0dfab0fecfac
--- /dev/null
+++ b/reuters/training/6417
@@ -0,0 +1,5 @@
+U.S. GNP PRICE DEFLATOR ROSE 0.7 PCT IN 4TH QTR, UNCHANGED
+
+  U.S. GNP PRICE DEFLATOR ROSE 0.7 PCT IN 4TH QTR, UNCHANGED
+  
+
diff --git a/reuters/training/6419 b/reuters/training/6419
new file mode 100644
index 0000000000000000000000000000000000000000..a99ac207fe922c8b679a2ac5d76f9892eef97a14
--- /dev/null
+++ b/reuters/training/6419
@@ -0,0 +1,10 @@
+MATRIX SCIENCE <MTRX> SETS STOCK SPLIT
+  Matrix Science Corp said its
+  board declared a two-for-one stock split and a six-cent per
+  share (pre stock split) dividend, payable May 7 to stockholders
+  of record April 16.
+      The company said the dividend is in addition to the ten cts
+  per share dividend paid January 2, 1987, making the post stock
+  split annual dividend eight cts per share.
+  
+
diff --git a/reuters/training/6420 b/reuters/training/6420
new file mode 100644
index 0000000000000000000000000000000000000000..887ca9301e827b3a7d6e2473585b3338d7142f23
--- /dev/null
+++ b/reuters/training/6420
@@ -0,0 +1,10 @@
+SEA GALLEY STORES INC <SEAG> 4TH QTR DEC 28 LOSS
+  Shr loss 69 cts vs loss 1.45 dlrs
+      Net loss 2,015,000 vs loss 4,268,000
+      Revs 16.6 mln vs 16.9 mln
+      Year
+      Shr loss 1.21 dlrs vs loss 59 cts
+      Net loss 3,514,000 vs loss 1,839,000
+      Revs 58.8 mln vs 61.4 mln
+  
+
diff --git a/reuters/training/6421 b/reuters/training/6421
new file mode 100644
index 0000000000000000000000000000000000000000..52930cc6f71c3946bfea8d964420fe2cf43844bc
--- /dev/null
+++ b/reuters/training/6421
@@ -0,0 +1,13 @@
+COCONUT OIL CONTRACT TO CHANGE - DUTCH TRADERS
+  Contract terms for trade in coconut
+  oil are to be changed from long tons to tonnes with effect from
+  the Aug/Sep contract onwards, Dutch vegetable oil traders said.
+      Operators have already started to take account of the
+  expected change and reported at least one trade in tonnes for
+  Aug/Sept shipment yesterday.
+      The Federation of Oils Seeds and Fats Associations, FOSFA,
+  in London said it had previously advised traders to adopt the
+  metric system for coconut oil transactions to bring the
+  commodity into line with other vegetable oils.
+  
+
diff --git a/reuters/training/6422 b/reuters/training/6422
new file mode 100644
index 0000000000000000000000000000000000000000..78005ecaec5e6120a1c13f86d704d91d33c26896
--- /dev/null
+++ b/reuters/training/6422
@@ -0,0 +1,11 @@
+FAR WEST FINANCIAL <FWFP> TO BUY PROGRESSIVE
+  Far West Financial Corp
+  said its Far West Savings and Loan Association unit has reached
+  an agreement in principle to acquire all the outstanding stock
+  of Progressive Savings and Loan Association <PRSL>.
+      Far West said it does not expect the cost of the
+  transaction to exceed 15 mln dlrs.
+      Progressive Savings has ten branches in Southern California
+  and about 500 mln dlrs in assets.
+  
+
diff --git a/reuters/training/6425 b/reuters/training/6425
new file mode 100644
index 0000000000000000000000000000000000000000..ae6c6e3e5097535b278877f1954b3731d03888ec
--- /dev/null
+++ b/reuters/training/6425
@@ -0,0 +1,20 @@
+COASTAL <CGP> SAYS TRANSAMERICAN SUIT FRIVOLOUS
+  Coastal Corp said it belives the two
+  billion dlr suit against it by <TransAmerican Natural Gas Corp>
+  in Texas state court is frivolous and without merit.
+      The company said it intends toi proceed with filing a
+  reorganization plan for TransAmerican with the U.S. Bankruptcy
+  Court in Houston.
+      Yesterday afternoon, the bankruptcy court issued a
+  temporary restraining order prohibiting TransAmerican and
+  Coastal from taking any action in any court that would
+  interfere with the jurisdiction of the bankruptcy court.
+      Yesterday's bankruptcy court ruling affirmed Coastal's
+  rights as a TransAmerican creditor to file a reorganization
+  plan for TransAmerican.
+      TransAmerican's suit alleges that Coastla attempted to
+  unlawfully gain control of TransAmerican's Texas natural gas
+  reserves and pipeline system.
+      TransAmerican's bankruptcy proceedings began in 1983.
+  
+
diff --git a/reuters/training/6426 b/reuters/training/6426
new file mode 100644
index 0000000000000000000000000000000000000000..5029699f07c03d3b176db407c57e8a109be95bb5
--- /dev/null
+++ b/reuters/training/6426
@@ -0,0 +1,63 @@
+BUNDESBANK SEEN STEERING STEADY MONETARY COURSE
+  The Bundesbank is likely to steer a
+  steady monetary course over the next few weeks and a change in
+  credit policies is not expected at tomorrow's regular central
+  bank council meeting, bank economists and dealers said.
+      "There is no need for action," Hermann Remsperger, chief
+  economist of Berliner Handels- and Frankfurter Bank (BHF) said.
+      Others noted that exchange rates are stable after last
+  month's Group of Six agreement in Paris and central bank money
+  stock growth is still well above the three to six pct target
+  zone, so a change in credit policies could be ruled out.
+      One money market dealer said comments by Bundesbank
+  President Karl Otto Poehl at a private seminar in Duesseldorf
+  two weeks ago hinting at another interest rate cut only
+  indicated the Bundesbank might act if conditions changed.
+      Bank economists said U.S. Pressure on West Germany to
+  further ease credit policies had receded since the Paris pact.
+      But such demands could re-emerge if West Germany failed to
+  stimulate its economy enough to affect the massive U.S. Trade
+  deficit.
+      Remsperger said continued strong money supply growth also
+  precluded a further cut in official interest rates.
+      Central bank money stock was growing at an annualized 7.5
+  pct in February, unchanged from the 7.5 pct in January.
+      Economists said some of the 18 members of the central bank
+  council were worried about the continued overshoot in the money
+  supply target and were bound to resist any moves to cut rates.
+  But Poehl played down the risk of inflation.
+      Economists said the fact that money stock growth remained
+  stable last month was a success. Some said it was likely to
+  return to within the target range later this year.
+      "The special factors which boosted money supply growth last
+  year are disappearing," one economist said.
+      He said some 75 pct of the money supply increase in 1986
+  was caused by a sharp rise in the inflow of foreign funds.
+      This trend had been reversed recently and with domestic
+  credit demand likely to remain at steady levels, money stock
+  growth was expected to narrow in the medium-term.
+      These developments were increasing the Bundesbank's scope
+  for a rate cut in the medium-term, economists said.
+      Money market dealers said period rates remained little
+  changed, indicating no change in credit policy was expected.
+      Call money rates declined to 3.75/80 pct from 3.90/95
+  yesterday, with the market well stocked with liquidity.
+      Dealers said call money was soft because tax payments on
+  behalf of customers had been less than expected so far. But
+  rates were likely to tighten again as soon as the full effect
+  of this month's major tax payment period is felt. Payments for
+  the federal railways bond are also likely to burden the market.
+      The Bundesbank did not inject liquidity via a securities
+  repurchase agreement this week, but countered a tightening in
+  rates on Monday by injecting funds through government-owned
+  banks.
+      Dealers said recent securities repurchase pacts had shown
+  the Bundesbank clearly wanted call money rates stable at 3.80.
+      One dealer said, "If the central bank wanted lower interest
+  rates, it would first of all drive call money rates down."
+      Banks remained relatively well stocked with minimum reserve
+  assets. They held 52.9 billion marks in minimum reserves on
+  Monday, averaging 53.7 billion marks over the first 16 days of
+  March. A requirement of around 51 billion is expected.
+  
+
diff --git a/reuters/training/6427 b/reuters/training/6427
new file mode 100644
index 0000000000000000000000000000000000000000..fa2e2984fe76fd0a90f082bf041ef0df46eb945e
--- /dev/null
+++ b/reuters/training/6427
@@ -0,0 +1,24 @@
+U.S. REAL GNP ROSE 1.1 PCT IN FOURTH QUARTER
+  The U.S. Gross National Product,
+  after removing the impact of inflation, increased at a revised
+  annual rate of 1.1 pct in the fourth quarter, the Commerce
+  Department said.
+      That was down from an earlier preliminary 1.3 pct rise
+  estimated a month ago and down from the 2.1 pct rise in the
+  fourth quarter of 1985.
+      The final fourth quarter revision, however, left unchanged
+  the previous estimate of a 2.5 pct increase in GNP for all of
+  1986 over 1985.
+      The revised estimate for fourth quarter GNP partly
+  reflected a downward revision in inventories to a total
+  decrease of 28.5 billion dlrs in the fourth quarter, the
+  department said.
+      The revisions also indicated personal consumption spending
+  decreased 2.2 billion dlrs in the fourth quarter after an
+  increase of 39.6 billion dlrs in the third quarter.
+      Exports of goods and services rose 15.3 billion dlrs after
+  a decline of 9.4 billion dlrs in the third quarter. Imports
+  decreased 700 mln dlrs in the final quarter, in contrast to an
+  increase of 20.9 billion dlrs in the third quarter.
+  
+
diff --git a/reuters/training/6428 b/reuters/training/6428
new file mode 100644
index 0000000000000000000000000000000000000000..bef8051aeb4d20df024f30a07f3d5fd63b3c9680
--- /dev/null
+++ b/reuters/training/6428
@@ -0,0 +1,38 @@
+JAPAN TELECOM MERGER COULD INVOLVE U.K.,U.S. FIRMS
+  Cable and Wireless PLC <CAWL.L> and the
+  Pacific Telesis group <PAC.N> may take part in a proposed
+  merger of two rival firms seeking to enter Japan's
+  international telecommunications market, a senior industry
+  official said.
+      Fumio Watanabe, head of a telecommunications committee with
+  the Federation of Economic Organisations (Keidanren), told a
+  news conference Japanese shareholders in the two consortiums
+  agreed that the U.S. And British companies will be invited to
+  participate in the new merged firm.
+      The planned linkup will satisfy Tokyo's request that only
+  one private company should enter the market.
+      The two consortiums, <International Digital Communications
+  Planning Inc> (IDC) and <International Telecom Japan> (ITJ),
+  were set up in 1986 to compete with monopoly <Kokusai Denshin
+  Denwa Co> (KDD) after the market was deregulated in 1985.
+      Watanabe said the Post and Telecommunications Ministry
+  wanted only one competitor for the time being because of the
+  size of the Japanese telcommunications market and that foreign
+  investors will only be allowed to hold a minority stake.
+      He estimated the two foreign firms' share in the merged
+  consortium at less than three pct and added that even the
+  largest shareholders could own only some five pct .
+      Cable and Wireless and Japanese trading house <C. Itoh and
+  Co.> each have a 20 pct stake in the IDC consortium while
+  Pacific Telesis and Merrill Lynch and Co. Inc. <MER.N> jointly
+  hold 13 pct .
+      ITJ is headed by a rival group of trading houses. Several
+  firms including Toyota Motor Corp. <TOYO.T>  belong to both.
+      Watanabe said progress was being made towards a merger
+  agreement and added that Japanese industry agreed with the
+  government on having only one private consortium as two
+  companies might invest "excessive" amounts.
+      He said talks with Cable & Wireless will continue this
+  week.
+  
+
diff --git a/reuters/training/6430 b/reuters/training/6430
new file mode 100644
index 0000000000000000000000000000000000000000..2479c1b2969728e09512839ec371cbe27585e3ba
--- /dev/null
+++ b/reuters/training/6430
@@ -0,0 +1,24 @@
+FERRUZZI NEGOTIATING EUROPEAN ACQUISITION
+  Italy's <Gruppo Ferruzzi> is in the
+  advanced stages of negotiations that could result in an
+  acquisition worth "some hundreds of billions of lire" in the
+  European agro-industrial sector, a company spokesman told
+  Reuters.
+      The spokesman declined to identify the other party or
+  parties involved in talks, or whether a complete takeover was
+  under discussion, but said an Italian newspaper report that
+  Ferruzzi was studying the possibility of advancing an offer for
+  13 European cereal processing plants owned by the U.S. Group
+  CPC International Inc <CPC.N> was incorrect.
+      The spokesman said that possibility had been evaluated by
+  Ferruzzi but that the company's attention at the moment was
+  "decisively in another direction."
+      The spokesman, responding to a report in the Italian
+  economic daily Il Sole-24 Ore that Ferruzzi was considering a
+  possible bid for the CPC plants, told Reuters his company hoped
+  to conclude the talks currently underway in a couple of months.
+      The spokesman said that since the U.K. Government last
+  month blocked Ferruzzi's bid to acquire <British Sugar Plc>,
+  the company had been looking at other investment opportunities.
+  
+
diff --git a/reuters/training/6432 b/reuters/training/6432
new file mode 100644
index 0000000000000000000000000000000000000000..66c2363f04534116e23048cf41659e5c0aa8448f
--- /dev/null
+++ b/reuters/training/6432
@@ -0,0 +1,30 @@
+MALAYSIA TO CUT OIL OUTPUT FURTHER, TRADERS SAY
+  Malaysia's state oil company Petronas
+  will cut oil production to 420,000 barrels per day (bpd) from
+  May 1, trade sources said.
+      Malaysia cut its 510,000 bpd target output by 10 pct last
+  September to support Opec moves to boost prices, and the latest
+  cut would reduce output by 17.5 pct from 1986's target level.
+      Petronas said in February that Malaysia would maintain its
+  10 pct production cutback until mid-1987.
+      However, the Finance Ministry said in its annual report
+  that Malaysia's crude oil output was expected to rise to an
+  average 510,000 bpd in 1987.
+      The ministry's forecast assumed average 1987 crude prices
+  at 13 dlrs/barrel (bbl), but prices have risen enough to permit
+  further production cutbacks, the sources said.
+      Malaysia's benchmark Tapis blend fetched above 18 dlrs/bbl
+  this year against a low of 10.50 dlrs/bbl in July, they said.
+      Traders said further reductions by Malaysia would add to
+  the tight spot availabilities of Asian grades caused by reduced
+  Indonesian and Chinese crude output.
+      The cutback will also help Malaysia maintain prices, as
+  there is concern some buyers want to reduce term purchases due
+  to the availability of cheaper alternatives, the sources said.
+      In addition to term sales, Petronas has been offering two
+  to three 400,000 bbl spot cargoes of Malaysian crude each month
+  for sale through tender, the sources said.
+      However, this practice is likely to dwindle given the
+  reduced scale of production, they said.
+  
+
diff --git a/reuters/training/6433 b/reuters/training/6433
new file mode 100644
index 0000000000000000000000000000000000000000..63cca6391367f68049d2afd643b6c64ae8402444
--- /dev/null
+++ b/reuters/training/6433
@@ -0,0 +1,20 @@
+INTERCARE <CARE> SAYS ACQUISITION TERMINATED
+  InterCare Inc said it has
+  agreed to terminate the proposed acquisition of <Universal
+  Care> because <First Jersey Securities> has withdrawn as
+  underwriter for a proposed offering of InterCare securities.
+      The company said the offering was to have raised 7,500,000
+  dlrs for working capital through the sale of equity and debt
+  and would have also financed the 1,897,000 dlr cash portion of
+  the Universal Care purchase price.  In addition, 1,700,000 dlrs
+  would have been used to repay debt.
+      InterCare said to date it has incurred about 500,000 dlrs
+  in expenses in connection with the proposed offering.
+      The company said to improve its working capital position,
+  it plans to reduce operating expenses by decreasing hours of
+  operation and its workforce and selling some assets.
+      As of October 31, the copmpany said it had a working
+  capital deficit of 2,301,000 dlrs, on a pro forma basis to
+  include recently acquired U.S. Medical Enterprises Inc.
+  
+
diff --git a/reuters/training/6434 b/reuters/training/6434
new file mode 100644
index 0000000000000000000000000000000000000000..c4b1870ea12b333c68f9982646e4f8e210c1b756
--- /dev/null
+++ b/reuters/training/6434
@@ -0,0 +1,21 @@
+RANK ORGANISATION CURRENT TRADING SATISFACTORY
+  Rank Organisation Plc <RANK.L> said
+  trading in the current year had continued satisfactorily taking
+  into account seasonal fluctuations.
+      Association companies, such as <Rank-Xerox Ltd>, indicated
+  an improved performance, a statement issued at the annual
+  meeting said.
+      It said it planned to spend some 15 mln stg on refurbishing
+  its Odeon cinema chain and the Rank Film Distributors unit was
+  committed to spending 20 mln to secure international
+  distribution rights of films.
+      Investment in new activities in 1987 should continue at a
+  relatively high level to exploit opportunities for growth. Rank
+  said it did not exclude the possibility of making large as well
+  as small acquisitions.
+      In the year to end-October, Rank reported a rise in pretax
+  profits to 164.1 mln stg from 136.0 mln previously.
+      Rank shares firmed in morning trading to be quoted at 712p
+  at 1320 GMT after 697p at last night's close.
+  
+
diff --git a/reuters/training/6435 b/reuters/training/6435
new file mode 100644
index 0000000000000000000000000000000000000000..63363cc2fe4ce8be556dcc87769593e99ee760f4
--- /dev/null
+++ b/reuters/training/6435
@@ -0,0 +1,5 @@
+HARCOURT BRACE SETS MARCH 30 DEADLINE IN HARPER AND ROW BID
+
+  HARCOURT BRACE SETS MARCH 30 DEADLINE IN HARPER AND ROW BID
+  
+
diff --git a/reuters/training/6436 b/reuters/training/6436
new file mode 100644
index 0000000000000000000000000000000000000000..16f72232911ae3094fecd6df146afddd67531bb7
--- /dev/null
+++ b/reuters/training/6436
@@ -0,0 +1,15 @@
+SHIPS HELD UP AT CALCUTTA
+  Some 10 Indian ships have been held up
+  at Calcutta port after four days of industrial action by local
+  seamen, a spokesman for the shipowners' association INSA said.
+      The dispute has prevented local crewmen signing on and off,
+  but has not affected foreign ships with international crews
+  docking at Calcutta, which exports tea and jute and imports
+  machinery, crude oil and petroleum products, the spokesman
+  said.
+      Foreign ships may also suffer if dock workers join the
+  action, he said. The Shipping Corporation of India (SCI) has
+  asked its ships to avoid the port until the dispute is over,
+  National Union of Seafarers in India president Leo Barnes said.
+  
+
diff --git a/reuters/training/6437 b/reuters/training/6437
new file mode 100644
index 0000000000000000000000000000000000000000..365c41a79da5053d8a5333a0308ef798e56ee1ea
--- /dev/null
+++ b/reuters/training/6437
@@ -0,0 +1,12 @@
+COOPERVISION INC <EYE> 1ST QTR JAN 31 NET
+  Shr 3.65 dlrs vs 33 cts
+      Net 82.5 mln vs 7,300,000
+      Sales 94.4 mln vs 85.4 mln
+      Avg shrs 22.6 mln vs 21.7 mln
+      NOTE: Current year net includes pretax gain 175.2 mln dlrs
+  on sale of ophthalmic business and loss 17.9 mln dlrs posttax
+  from repurchase of debt.
+      Prior year net includes 120,000 dlr loss from discontinued
+  operations.
+  
+
diff --git a/reuters/training/6438 b/reuters/training/6438
new file mode 100644
index 0000000000000000000000000000000000000000..8dab646d0a0e1d354d242662be15e4cf1e1200b4
--- /dev/null
+++ b/reuters/training/6438
@@ -0,0 +1,26 @@
+COOPERVISION <EYE> DELAYS ANNUAL MEETING
+  CooperVision Inc said it has
+  delayed its annual meeting to June 22 from May 14 to allow its
+  board to review possible recapitalization options before the
+  meeting.
+      CooperVision today reported first quarter net income of
+  64.6 mln dlrs, after a 175.2 mln dlr pretax gain from the sale
+  of its ophthalmic business to Johnson and Johnson <JNJ> for 260
+  mln dlrs in cash and a 17.9 mln dlr posttax charge from a debt
+  repurchase.  Sales were 94.4 mln dlrs.  A year earlier it
+  earned 7,300,000 dlrs after a 120,000 dlr loss from
+  discontinued operations, on sales of 85.4 mln dlrs.
+      The company said an aggressive program of investment
+  spending to maintain or increase market shares its its two core
+  businesses will accelerate sales growth this year but hold back
+  increases in operating income in the near future.
+      CooperVision said "Furthermore, until the entire net cash
+  proceeds from the recent sales of several of our businesses are
+  employed to reduce indebtedness, make strategic acquisitions
+  and/or are otherwise employed in relation to a possible
+  recapitalization of the company, recovery of net income will be
+  held back by the loss, particularly of the tax income, of the
+  (ophthalmic) pharmaceutical business sold to Johnson and
+  Johnson."
+  
+
diff --git a/reuters/training/6440 b/reuters/training/6440
new file mode 100644
index 0000000000000000000000000000000000000000..8442a024fe6c5f04236620fc2792cb10bc8df959
--- /dev/null
+++ b/reuters/training/6440
@@ -0,0 +1,5 @@
+GREAT ATLANTIC AND PACIFIC TEA CO 4TH QTR OPER SHR 55 CTS VS 36 CTS
+
+  GREAT ATLANTIC AND PACIFIC TEA CO 4TH QTR OPER SHR 55 CTS VS 36 CTS
+  
+
diff --git a/reuters/training/6441 b/reuters/training/6441
new file mode 100644
index 0000000000000000000000000000000000000000..fc70912e7efc36f67bc997b34ccdeb5a6a1177ac
--- /dev/null
+++ b/reuters/training/6441
@@ -0,0 +1,8 @@
+MOBEX SAYS ABOUT 87 PCT OF GRANT <GTX> TENDERED
+  Mobex Corp said 2,088,461 Grant
+  Industries Inc common shares, about 87 pct of the 2.4 mln
+  outstanding, have been tendered in response to Mobex's offer.
+      The company said its offer of 7.75 dlrs a share for the
+  stock has been extended to 2000 EST March 23 from 2400 March 17.
+  
+
diff --git a/reuters/training/6442 b/reuters/training/6442
new file mode 100644
index 0000000000000000000000000000000000000000..199d48e3500241dca9be13ba1430e9c44be4ea44
--- /dev/null
+++ b/reuters/training/6442
@@ -0,0 +1,24 @@
+HARCOURT BRACE <HBJ> SETS HARPER <HPR> DEADLINE
+  Harcourt Brace Jovanovich Inc
+  said it has told Harper and Row Publishers Inc representatives
+  that it intends to withdraw its proposal to acquire Harper and
+  Row for 50 dlrs per share in cash if the parties have not made
+  satisfactory progress in discussions by the close of business
+  on March 30.
+      Harcourt Brace said, "We do not wish to put undue pressure
+  on Harper and Row, but we also, in fairness to our own
+  shareholders, cannot allow an offer of such magnitude to lie on
+  the table too long."
+      Harcourt said three of its senior officers and its
+  investment bankers met yesterday with investment bankers for
+  Harper and Row to discuss the Harcourt Brace offer.
+      Harcourt Brace said it will only pursue the acquisition if
+  a mutually-satisfactory merger agreement can be negotiated.
+      Last week, a group formed by Theodore Cross offered to
+  acquire Harper and Row for 34 dlrs per share.  The group held
+  about six pct of Harper and Row.
+      In addition, New World Pictures Ltd <NWP>, holder of 4.5
+  pct of Harper and Row, had offered to discuss a merger with
+  Harper and Row.
+  
+
diff --git a/reuters/training/6443 b/reuters/training/6443
new file mode 100644
index 0000000000000000000000000000000000000000..fda6ea157ea0bd0882f5c564d064020516f4e4d1
--- /dev/null
+++ b/reuters/training/6443
@@ -0,0 +1,5 @@
+DIXONS GROUP SAID IT ACCEPTS 54 PCT OF CYCLOPS SHARES IN TENDER
+
+  DIXONS GROUP SAID IT ACCEPTS 54 PCT OF CYCLOPS SHARES IN TENDER
+  
+
diff --git a/reuters/training/6445 b/reuters/training/6445
new file mode 100644
index 0000000000000000000000000000000000000000..ecfbd2a4307ed6693b26d1a64d9cdba83dc1b298
--- /dev/null
+++ b/reuters/training/6445
@@ -0,0 +1,12 @@
+BANKERS TRUST ISSUING STG/DLR CURRENCY WARRANTS
+  Bankers Trust International Ltd said it
+  is issuing 200,000 stg call/dlr put currency warrants at an
+  initial offer price of 31.25 dlrs per warrant.
+      The issue is guaranteed by Bankers Trust New York Corp.
+      Each warrant entitles the holder to exchange 500 dlrs for
+  stg at a rate of 1.60 stg/dlr and the minimum number of
+  warrants exercisable or tradeable is 100.
+      Exercise period for the warrants will run from April 22,
+  1987 until March 17, 1989. Payment is due April 15, 1987.
+  
+
diff --git a/reuters/training/6447 b/reuters/training/6447
new file mode 100644
index 0000000000000000000000000000000000000000..5d97cc7757b5971233817c365bb69a89d413a5a3
--- /dev/null
+++ b/reuters/training/6447
@@ -0,0 +1,20 @@
+GREAT ATLANTIC AND PACIFIC TEA CO <GAP> 4TH QTR
+  Oper shr 55 cts vs 36 cts
+      Oper net 20.7 mln vs 13.6 mln
+      Sales 2.34 billion vs 1.58 billion
+      Avg shrs 38.1 mln vs 37.7 mln
+      Year
+      Oper shr 1.82 dlrs vs 1.48 dlrs
+      Oper net 69.0 mln vs 56.1 mln
+      Sales 7.83 billion vs 6.62 billion
+      Avg shrs 38.0 mln vs 37.8 mln
+      NOTES: Results for 13 and 53 week periods ended Feb 28,
+  1987, and 12 and 52 week periods ended Feb 22, 1986
+      Operating net excludes credits from tax loss carryforwards
+  of none vs 5.3 mln dlrs, or 14 cts a share in quarter and 26.0
+  mln dlrs, or 68 cts a share, vs 32.2 mln dlrs, or 85 cts a
+  share, in year
+      Company had 1,200 stores inoperation at year end vs 1,045 a
+  year earlier
+  
+
diff --git a/reuters/training/6449 b/reuters/training/6449
new file mode 100644
index 0000000000000000000000000000000000000000..23c6d50d8e19b4a6ec0f0b9214aeb18736c7a1b0
--- /dev/null
+++ b/reuters/training/6449
@@ -0,0 +1,5 @@
+GROUP TENDERING FOR GENCORP SAYS IT HOLDS ABOUT 9.8 PCT OF GENCORP COMMON
+
+  GROUP TENDERING FOR GENCORP SAYS IT HOLDS ABOUT 9.8 PCT OF GENCORP COMMON
+  
+
diff --git a/reuters/training/6450 b/reuters/training/6450
new file mode 100644
index 0000000000000000000000000000000000000000..5f5da74e92d55b79d0354af501046a13cb941634
--- /dev/null
+++ b/reuters/training/6450
@@ -0,0 +1,14 @@
+ROTTERDAM SIGNS COOPERATION AGREEMENT WITH TOKYO
+  The city of Rotterdam today signed an
+  agreement in principle to cooperate with the AOMI Cargo
+  Distribution Centre in Tokyo.
+      Acting Mayor Roel den Dunnen said that cooperation between
+  private and public entities in the Tokyo and Rotterdam area,
+  and a fruitful exchange of information have a favourable
+  influence on the flow of goods and services between the two
+  countries.
+      The AOMI Cargo Distribution Center, which will start
+  operating in October this year, signed a similar agreement with
+  Rotterdam's twinned-port of Seattle last September.
+  
+
diff --git a/reuters/training/6451 b/reuters/training/6451
new file mode 100644
index 0000000000000000000000000000000000000000..db69928fcf3c5e4527065f330e86827f1389bf24
--- /dev/null
+++ b/reuters/training/6451
@@ -0,0 +1,23 @@
+DAVY CORP UNIT WINS INDIA SMELTER CONTRACT
+  Davy McKee Ltd, a subsidiary of U.K.
+  Engineering and contruction company Davy Corp Plc, has been
+  awarded a contract worth around 15 mln stg for the design of a
+  zinc and lead smelter in India, a spokesman for the company
+  said.
+      The contract is being funded by Britain's Overseas
+  Development Administration as part of a total grant of 73.65
+  mln stg to India's state-owned Hindustan Zinc Ltd.
+      The grant is for the development of a major zinc and lead
+  mine and associated smelting complex in Rajastan, North West
+  India, the agency said.
+      The agency said the project was expected to account for 44
+  pct of India's total production of zinc.
+      A total 55 mln stg of the grant is allocated for the supply
+  of goods and services from Britain. The grant comes as part of
+  package announced on March 13 for Indian mineral development.
+      The agency is also paying a further 31 mln stg to India's
+  coal sector, for the expansion of its indigenous coal
+  development programme, using British-designed longwall
+  technology.
+  
+
diff --git a/reuters/training/6452 b/reuters/training/6452
new file mode 100644
index 0000000000000000000000000000000000000000..f110fd8c935bb3a0516e8a18e8c7bdec412293b2
--- /dev/null
+++ b/reuters/training/6452
@@ -0,0 +1,11 @@
+U.K. MONEY MARKET GIVEN 15 MLN STG AFTERNOON HELP
+  The Bank of England said it had provided
+  the money market with a further 15 mln stg assistance. This
+  brings the Bank's total help so far today to 344 mln stg and
+  compares with the estimated shortage of around 1.3 billion stg.
+      The central bank purchased bank bills outright, at the
+  lower dealing rates established this morning, comprising one
+  mln stg in band one at 9-7/8 pct and 14 mln stg in band two at
+  9-13/16 pct.
+  
+
diff --git a/reuters/training/6453 b/reuters/training/6453
new file mode 100644
index 0000000000000000000000000000000000000000..1a0c8b21fcea7e5cdb38759c03c68f7fb95843c5
--- /dev/null
+++ b/reuters/training/6453
@@ -0,0 +1,35 @@
+WEST GERMAN BANKS SLOWLY CUTTING KEY SAVINGS RATES
+  West German commercial banks are
+  cautiously cutting key savings and lending rates, banking
+  sources said. The cuts follow nearly two months after the
+  Bundesbank reduced leading interest rates, far longer than the
+  usual interim period.
+      A Deutsche Bank AG <DBKG.F> spokesman said it is cutting
+  leading savings rate for private customers on a regional basis
+  by 0.5 percentage points to two pct. Dresdner Bank AG <DRSD.F>
+  and Commerzbank AG <CBKG.F> have initiated similar moves. Bank
+  fuer Gemeinwirtschaft AG <BKFG.F> cut rates 0.5 pct generally.
+      The delay was partly due to commercial banks' desire to
+  gauge customer reaction to a similar move by regional savings
+  banks.
+      A fall in customer savings because of lower rates could
+  reduce cheap refinancing available to banks, forcing them to
+  draw down relatively expensive funds from other sources, one
+  economist at the German Banking Association said.
+      But the volume of savings funds may not be substantially
+  undercut by lower savings rates because many customers are
+  parking funds in savings accounts in the hope they can reinvest
+  them at higher yields in the future, he said.
+      He said this may conflict with Bundesbank aims to move more
+  funds from relatively short-term deposits to longer-dated
+  securities to reduce strong growth in its central bank money
+  supply aggregate.
+      The aggregate showed annualized growth of a provisional 7.5
+  pct in February against the fourth quarter of last year,
+  unchanged from January. The growth rate was outside the
+  expanded target range of three to six pct.
+      Few banks have so far reduced lending rates to private
+  customers, though lending rates for corporate customers are
+  beginning to decline.
+  
+
diff --git a/reuters/training/6454 b/reuters/training/6454
new file mode 100644
index 0000000000000000000000000000000000000000..afd823d9bc611e0e7cff03c6c777e4a90249c1bd
--- /dev/null
+++ b/reuters/training/6454
@@ -0,0 +1,12 @@
+TOYS "R" US INC <TOY> 4TH QTR FEB ONE NET
+  Shr 89 cts vs 68 cts
+      Net 116.0 mln vs 88.1 mln
+      Revs 1.17 billion vs 924.0 mln
+      12 mths
+      Shr 1.17 dlrs vs 93 cts
+      Net 152.2 mln vs 119.8 mln
+      Revs 2.44 billion vs 1.97 billion
+      NOTE: net 1986 were restated to reflect three-for-two stock
+  split on June 27, 1986.
+  
+
diff --git a/reuters/training/6455 b/reuters/training/6455
new file mode 100644
index 0000000000000000000000000000000000000000..453a1e2ebe22495a4dbad5c8f7fc62d76c1d0b3e
--- /dev/null
+++ b/reuters/training/6455
@@ -0,0 +1,10 @@
+MEASUREX CORP <MX> 1ST QTR NET
+  Shr 34 cts vs 27 cts
+      Qtrly div six cts vs 4.5 cts prior
+      Net 6,448,000 vs 4,969,000
+      Revs 51.1 mln vs 44.7 mln
+      Avg shrs 19.1 mln vs 18.7 mln
+      NOTE: pay for dividend was March 11 to shareholders of
+  record on Feb 20.
+  
+
diff --git a/reuters/training/6456 b/reuters/training/6456
new file mode 100644
index 0000000000000000000000000000000000000000..b8c0f56805cc22c699f4b357170f05f9bbec6d52
--- /dev/null
+++ b/reuters/training/6456
@@ -0,0 +1,19 @@
+PALMER LEWIS CO INC <LWIS> 4TH QTR NET
+  Qtr ends Jan 31
+      Shr three cts vs one cent
+      Qtrly div seven cts vs seven cts prior
+      Net 106,185 vs 28,871
+      Revs 46.9 mln vs 30.3 mln
+      12 mths
+      Shr 33 cts vs 23 cts
+      Net 1,306,595 vs 878,484
+      Revs 187.2 mln vs 140.8 mln
+      NOTE: effective July One, 1986, the company acquired the
+  outstanding stock of Western American Forest Product Inc for
+  cash and convertible debentures. the acqustion is accounted for
+  as a purchase and consolidated statements include Western's
+  results of operations from July One, 1986.
+      payout for dividend is may six to stockholders of record on
+  April 13.
+  
+
diff --git a/reuters/training/6457 b/reuters/training/6457
new file mode 100644
index 0000000000000000000000000000000000000000..163e46005bb5758020662fc93273df5a3ba960c9
--- /dev/null
+++ b/reuters/training/6457
@@ -0,0 +1,6 @@
+CAPITAL CITIES/ABC <CCB> SETS PAYOUT
+  Qtrly div five cts vs five cts
+      Pay April 20
+      Record March 30
+  
+
diff --git a/reuters/training/6458 b/reuters/training/6458
new file mode 100644
index 0000000000000000000000000000000000000000..3a3e47d1f16f31840c428d54685e1cc2312b4560
--- /dev/null
+++ b/reuters/training/6458
@@ -0,0 +1,12 @@
+PUBLICKER INDUSTRIES INC <PUL> 4TH QTR LOSS
+  Shr loss five cts vs loss 15 cts
+      Net loss 619,000 vs loss 1,730,000
+      Sales 3,138,000 vs 5,667,000
+      Avg shrs 12.5 mln vs 11.5 mln
+      Year
+      Shr loss four cts vs loss 40 cts
+      Net loss 343,000 vs loss 3,963,000
+      Sales 13.4 mln vs 35.3 mln
+      Avg shrs 12.5 mln vs 10.3 mln
+  
+
diff --git a/reuters/training/6459 b/reuters/training/6459
new file mode 100644
index 0000000000000000000000000000000000000000..076d6c70b3dfd29350e6281289ba707d67e04a47
--- /dev/null
+++ b/reuters/training/6459
@@ -0,0 +1,5 @@
+FEDERAL EXPRESS CORP 3RD QTR OPER SHR 69 CTS VS 83 CTS
+
+  FEDERAL EXPRESS CORP 3RD QTR OPER SHR 69 CTS VS 83 CTS
+  
+
diff --git a/reuters/training/6460 b/reuters/training/6460
new file mode 100644
index 0000000000000000000000000000000000000000..9c1a04e670a77d31b1e1f5cfd75b760590bbaa58
--- /dev/null
+++ b/reuters/training/6460
@@ -0,0 +1,6 @@
+BELL ATLANTIC CORP <BEL> INCREASES PAYOUT
+  Qtrly div 96 cts vs 90 cts
+      Pay May One, 1987
+      Record March 31, 1987
+  
+
diff --git a/reuters/training/6461 b/reuters/training/6461
new file mode 100644
index 0000000000000000000000000000000000000000..31d31bef1f72f812e91e702f9344d9bb14af2ed6
--- /dev/null
+++ b/reuters/training/6461
@@ -0,0 +1,13 @@
+RHODES <RHDS> SEES SHARPLY LOWER 4TH QTR NET
+  Rhodes Inc said it now estimates fourth
+  quarter, ended February 28, earnings were eight cts a share,
+  down from the 25 cts earned in the final quarter of fiscal
+  1986.
+      The company said the major causes for the reduction were an
+  unfavorable LIFO adjustment and softer than projected sales in
+  the quarter, due primarily to unfavorable weather.
+      Despite the 4th qtr results, Rhodes said, "net income for
+  the year just ended should come close to the record level of
+  the previous year" -- 1.61 dlrs dlrs a share.
+  
+
diff --git a/reuters/training/6463 b/reuters/training/6463
new file mode 100644
index 0000000000000000000000000000000000000000..492deb5b4720c15c03978af00637fd50bcdaeb71
--- /dev/null
+++ b/reuters/training/6463
@@ -0,0 +1,62 @@
+GENCORP <GY> GROUP HOLDS 9.8 PCT STAKE
+  (General Partners), a Texas general
+  partnership equally owned by affiliates of Wagner and Brown and
+  AFG Industries Inc <AFG>, said it currently holds 2,180,608
+  common shares, or about 9.8 pct, of Gencorp Inc's <GY>
+  outstanding common stock.
+      General Partners said it began a 100 dlrs a share cash
+  tender offer for all of Gencorp, an Akron, Ohio-based concern,
+  that is worth nearly 2.3 billion dlrs.
+      Gencorp, which has interests in tire- and plastic-making,
+  aerospace and broadcasting, has about 22.3 mln shares
+  outstanding.
+      The General Partners offer is subject to receipt of
+  financing, a majority of Gencorp shares and other conditions.
+      In a letter to Gencorp chairman and chief executive A.
+  William Reynolds describing the offer, General Partners said it
+  was willing to negotiate terms of the offer and was prepared to
+  meet as soon as possible.
+      In a statement, General Partners said it has contributed
+  250 mln dlrs in equity financing and also has commitments for 
+  a one billion dlr credit line from Wells Fargo and Co <WFC> and
+  a 1.25 billion loan from Shearson Lehman Brothers Holdings Inc,
+  a unit of American Express Co <AXP>.
+      A Gencorp spokesman said the company's management was
+  meeting but that its board was not scheduled to meet today. He
+  said he was not sure the company had formally received notice
+  of the offer but was aware of it through press accounts.
+      He declined to say what Gencorp's next move might be or
+  whether it would issue a statement later today.
+      In the letter, General Partners said it plans to maintain
+  Gencorp's corporate headquarters in Akron, and retain the
+  company's plastics and industrial products businesses and its
+  tires and related products segment.
+      The letter did not mention Gencorp's RKO General
+  broadcasting subsidiary, which has been involved in disputes
+  over license renewals at several of its television stations.
+  Gencorp has agreed to sell two of its independent stations, WOR
+  in the New York area and KHJ in Los Angeles.
+      General Partners officials were not immediately available.
+      Gencorp shares were delayed at the opening on the New York
+  Stock Exchange because of an imbalance of orders, and the NYSE
+  said the shares were indicated to open at 103 to 115. The
+  shares closed up two yesterday at 90-1/2, a new 52-week high.
+      The financing for the offer includes the 250 mln dlrs in
+  equity from General Partners, the 1.25 billion dlr loan from
+  Shearson Lehman Brothers, a senior subordinated bridge loan for
+  which a binding agreement can be delivered within 24 hours
+  after a request from the partnership, and the one billion dlr
+  credit line from Wells Fargo.
+      Wells Fargo has agreed to lend up to 250 mln dlrs of the
+  line itself and form a syndicate of banks to provide the rest,
+  the partnership said.
+      Shearson Lehman Brothers Inc will act as dealer manager in
+  the tender offer, it said.
+      In the letter, the partnership said it was confident it
+  could obtain the financing and close the transaction promptly.
+      Last fall AFG and privately held Wagner and Brown offered
+  to acquired (Lear Siegler Inc) for about 1.44 billion dlrs but
+  withdrew the offer when higher bids emerged. Lear Siegler
+  eventually went private for about 1.66 billion dlrs.
+  
+
diff --git a/reuters/training/6464 b/reuters/training/6464
new file mode 100644
index 0000000000000000000000000000000000000000..cd127c510ee68bcb240095f9bcd3c33a4d6b1bd2
--- /dev/null
+++ b/reuters/training/6464
@@ -0,0 +1,25 @@
+THAI TRADE DEFICIT WIDENS IN FEBRUARY
+  Thailand's trade deficit widened to an
+  estimated 4.7 billion baht in February from 2.1 billion in
+  January and 2.8 billion a year ago, the Bank of Thailand said.
+      Exports fell to around 18.9 billion baht from 20.4 billion
+  in January compared with 17.4 billion a year ago, the bank
+  said.
+      Imports rose to 23.6 billion baht from 22.5 billion in
+  January. They were 20.2 billion in February 1986.
+      The bank said the trade deficit for the two months widened
+  to an estimated 6.8 billion baht from 5.2 billion a year ago.
+      February's current account showed a 1.2 billion baht
+  deficit compared with 1.7 billion in January and 263 mln a year
+  ago.
+      The current account for the two months posted an estimated
+  500 mln baht surplus, down from 1.2 billion a year ago.
+      A surplus in the country's balance of payments narrowed to
+  3.2 billion baht in February from 4.6 billion the previous
+  month but was higher than 1.5 billion a year ago.
+      The bank said the balance of payments surplus for the first
+  two months of 1987 widened to 7.8 billion baht from 4.6 billion
+  from the same period in 1986, while the net capital inflow rose
+  to five billion baht from 3.1 billion.
+  
+
diff --git a/reuters/training/6465 b/reuters/training/6465
new file mode 100644
index 0000000000000000000000000000000000000000..4d1a6a9f1beac79b6801380548394ba705b32bfe
--- /dev/null
+++ b/reuters/training/6465
@@ -0,0 +1,19 @@
+A AND P <GAP> SETS HIGHER CAPITAL SPENDING
+  The Great Atlantic and Pacific
+  Tea Co said its three-year 345 mln dlr capital program will be
+  be substantially increased to accommodate growth and expansion
+  plans for Waldbaum Inc and Shopwell Inc over the next two
+  years.
+      A and P said the acquisition of Shopwell in August 1986 and
+  Waldbaum in December "helped us achieve better than expected
+  results in the fourth quarter" ended February 28. Its net
+  income from continuing operations jumped 52.6 pct to 20.7 mln
+  dlrs, or 55 cts a share, in the latest quarter as sales
+  increased 48.3 pct to 1.58 billion dlrs.
+      A and P gave no details on the expanded capital program,
+  but it did say it completed the first year of the program
+  during 1986.
+      A and P is 52.4 pct owned by <Tengelmann
+  Warenhandelsgesellschaft> of West Germany.
+  
+
diff --git a/reuters/training/6466 b/reuters/training/6466
new file mode 100644
index 0000000000000000000000000000000000000000..813e1c6033b9a6c636ea89d47ff04aec4b06ecce
--- /dev/null
+++ b/reuters/training/6466
@@ -0,0 +1,17 @@
+FEDERAL EXPRESS CORP <FDX> 3RD QTR FEB 28 NET
+  Oper shr 69 cts vs 83 cts
+      Oper net 35.9 mln vs 42.4 mln
+      Revs 798.9 mln vs 659.2 mln
+      Avg shrs 52.0 mln vs 50.9 mln
+      Nine mths
+      Oper shr 2.38 dlrs vs 2.75 dlrs
+      Oper net 123.3 mln vs 135.6 mln
+      Revs 2.31 billion vs 1.86 billion
+      Avg shrs 51.8 mln vs 49.3 mln
+      NOTE: Net excludes losses from discontinued operations of
+  nil vs 16.1 mln dlrs in quarter and 227.5 mln dlrs vs 42.7 mln
+  dlrs in nine mths.
+      Quarter net includes gains from sale of aircraft of two mln
+  dlrs vs 6,200,000 dlrs.
+  
+
diff --git a/reuters/training/6471 b/reuters/training/6471
new file mode 100644
index 0000000000000000000000000000000000000000..0733d8ff929fa04f048456abdc238ac59cab6e65
--- /dev/null
+++ b/reuters/training/6471
@@ -0,0 +1,52 @@
+MORGAN GRENFELL SAYS 1986 PROFITS HIT BY GUINNESS
+  <Morgan Grenfell Group Plc> said its
+  1986 pre-tax profits were lower than forecast because of
+  depreciation in the value of its Guinness Plc <GUIN.L> shares
+  and because of securities trading losses in the U.S.
+      Morgan chairman Lord Catto said the losses on the group's
+  seven mln Guinness shares in addition to a 3.5 mln dlr loss on
+  its risk arbitrage operation in New York depressed profits some
+  eight mln stg to 82.2 mln.
+      He also told a news conference Morgan had received informal
+  approaches about a takeover of the group but was not
+  interested. No formal offers had been made, but Catto would not
+  elaborate.
+      Morgan Grenfell acted as merchant banker to Guinness during
+  the brewing company's successful bid for Distillers Co Plc
+  <DIST.L> in the first half of last year.
+      The U.K. Government launched an investigation into the
+  affairs of Guinness last December. Public concern has focused
+  on the way Guinness may have breached U.K. Company law and the
+  Takeover Code by prompting others to support its share price
+  during the bid.
+      Morgan chief executive Christopher Reeves, head of
+  corporate finance Graham Walsh and senior corporate finance
+  director Roger Seelig all resigned in January over the Guinness
+  affair.
+      Another senior Morgan Grenfell executive, Geoffrey Collier,
+  resigned late last year on allegations of trading on insider
+  information. He currently faces criminal charges.
+      Lord Catto said the second half of 1986 had been "one of the
+  most traumatic in our history," but that clients and staff had
+  been supportive.
+      "I certainly look on the future in a positive way. We have
+  the worst behind us and have swept nothing under the carpet."
+      Profits for the year, up 19.4 pct from 1985 pre-tax profits
+  of 68.8 mln stg, were mainly due to a high contribution from
+  corporate finance activities and progress in asset management.
+      Finance Director David Ewart told the news conference the
+  performance of the group so far in 1987 was "within reasonable
+  touch of the budget."
+      Lord Catto also said the group was actively seeking a new
+  chief executive to replace Sir Peter Carey, who is acting as
+  interim director after Reeves' resignation, and hopes to have a
+  new chief executive within a few months.
+      He also said Reeves and Walsh had been paid a total of
+  562,000 stg in compensation following their resignations, but
+  declined to say how much each man got. Negotiations were going
+  on to determine an amount of compensation for Seelig, he said.
+      Morgan Grenfell shares stood at a late 366p, 9p down on
+  yesterday's 375p.
+   REUTER...
+  
+
diff --git a/reuters/training/6473 b/reuters/training/6473
new file mode 100644
index 0000000000000000000000000000000000000000..ed2c1df8f40e6f75a9a6b9ece1764d1af0f580e1
--- /dev/null
+++ b/reuters/training/6473
@@ -0,0 +1,47 @@
+SEC MOVES TO DISCIPLINE ALLEGHENY INT'L <AG>
+  The Securities and Exchange
+  Commission (SEC) staff is seeking authority to take enforcement
+  action against Allegheny International Inc, the
+  Pittsburgh-based industrial and consumer products firm said.
+      Allegheny made the disclosure in documents filed with the
+  SEC in connection with its recent agreement to be taken private
+  through a leveraged buyout led by First Boston Inc.
+      "Following announcement of the merger agreement, the company
+  was informed by the Enforcement Division of the (SEC) that it
+  intends to seek authority from the commission to institute a
+  proceeding against the company," Allegheny said.
+      "The company is cooperating in the commission's
+  investigation which is continuing and now includes the taking
+  of testimony of employes and others," Allegheny said.
+      In the ongoing probe, Allegheny said, the staff has asked
+  for information about company executive compensation and
+  benefit plans, certain company-owned real estate, travel and
+  entertainment spending and the use of corporate aircraft.
+      It also has asked for information on acquisitions and
+  divestitures, the company's accounting system "and other
+  internal controls," Allegheny said.
+     The probe began in February 1986, Allegheny said.
+      The SEC, as a matter of policy, routinely declines comment
+  on its enforcement actions.
+      The SEC investigation began just months before Allegheny
+  became the target of a series of shareholder lawsuits claiming
+  that the company had violated the federal securities laws by
+  failing to disclose material matters in recent annual proxy
+  statements.
+      The suits, later consolidated into a single class-action
+  complaint before a Pennsylvania federal court, allege
+  securities law violations involving numerous current and former
+  Allegheny officers and directors.
+      Earlier this month, lawyers for the shareholders asked the
+  court to expand the charges to include an allegation that, in
+  the buyout, Allegheny had attempted to illegally freeze out its
+  public shareholders at an unfair price.
+      Allegheny said it intends to vigorously defend itself
+  against all charges.
+      The charges made in the shareholder suits are widely
+  believed to have led to last summer's resignation of Chairman
+  and Chief Executive Officer Robert Buckley.
+      In the buyout, a group led by First Boston tendered March
+  13 for all outstanding Allegheny shares at 24.60 dlrs a share.
+  
+
diff --git a/reuters/training/6474 b/reuters/training/6474
new file mode 100644
index 0000000000000000000000000000000000000000..1b75b1f65a7643a35b00669e90ac22d580e5d8d7
--- /dev/null
+++ b/reuters/training/6474
@@ -0,0 +1,6 @@
+UNITED ASSET MANAGEMENT CORP <UAM> UPS PAYOUT
+  Qtly div four cts vs three cts prior
+      Pay April 15
+      Record March 31
+  
+
diff --git a/reuters/training/6475 b/reuters/training/6475
new file mode 100644
index 0000000000000000000000000000000000000000..4aac31334cbbda89c78588a04789d06a4840ae57
--- /dev/null
+++ b/reuters/training/6475
@@ -0,0 +1,11 @@
+KINDER-CARE INC <KNDR> FIRST QTR NET
+  Qtr ends dec 31
+      Shr one cent vs 15 cts
+      Net 466,000 vs 6,866,000
+      Revs 123.1 mln vs 93.5 mln
+      NOTE: the company changed its fiscal year end from Aug 31
+  to Dec 31. qtr prior ended Jan 17, 1986 and included two more
+  weeks than current qtr.
+      current qtr includes loss 899,000 for accounting change.
+  
+
diff --git a/reuters/training/6476 b/reuters/training/6476
new file mode 100644
index 0000000000000000000000000000000000000000..9a8ae1280d78b06a869952e984bca0d97d85d0d9
--- /dev/null
+++ b/reuters/training/6476
@@ -0,0 +1,13 @@
+ULTRASYSTEMS INC <ULS> 4TH QTR JAN 31 NET
+  Shr 26 cts vs 18 ctsd
+      Net 2,102,000 vs 1,415,000
+      Revs 44.1 mln vs 42.2 mln
+      Year
+      Shr 21 cts vs 91 cts
+      Net 1,678,000 vs 7,105,000
+      Revs 155.1 mln vs 149.2 mln
+      Avg shrs 7,960,000 vs 7,808,000
+      NOTE: Latest year net includes writeoff of investment in
+  Dawn Enterprises ethanol refinery of 79 cts shr.
+  
+
diff --git a/reuters/training/6477 b/reuters/training/6477
new file mode 100644
index 0000000000000000000000000000000000000000..586a82a5e399dce8a09e0b52b70eec36153779a6
--- /dev/null
+++ b/reuters/training/6477
@@ -0,0 +1,11 @@
+CANAMAX TO ACQUIRE KREZMAR GOLD PROPERTY STAKE
+  <Canamax Resources Inc> said it agreed
+  to acquire the 50 pct interest it does not already own in the
+  Krezmar gold property, near Wawa, Ontario, by paying nine mln
+  dlrs to <Algoma Steel Corp Ltd> and granting Algoma a four pct
+  net smelter return royalty, which is payable after payback.
+      The property's drill indicated reserves to a depth of 1,200
+  feet are estimated at over one mln tons averaging 0.25 ounces
+  of gold a ton, Canamax said.
+  
+
diff --git a/reuters/training/6478 b/reuters/training/6478
new file mode 100644
index 0000000000000000000000000000000000000000..1c439139da7115def1fcb91b304e7540e89d1e8c
--- /dev/null
+++ b/reuters/training/6478
@@ -0,0 +1,6 @@
+NFS FINANCIAL <NFSF> SETS INITIAL DIVIDEND
+  NFS Financial Corp said its board
+  declared an initial dividend of five cts per share, payable
+  April 21 to holders of record March 31.
+  
+
diff --git a/reuters/training/6481 b/reuters/training/6481
new file mode 100644
index 0000000000000000000000000000000000000000..97d74faeb0f1333ac1033a0f4dc71e162088f9cf
--- /dev/null
+++ b/reuters/training/6481
@@ -0,0 +1,50 @@
+VW'S AUDI SAYS PROFIT FELL AROUND 50 PCT IN 1986
+  Audi AG <NSUG.F>, the 99 pct owned
+  subsidiary of Volkswagen AG <VOWG.F>, said profit in 1986 fell
+  by around half compared with 1985, when it achieved a record
+  221 mln marks net profit, a rise of 19.5 pct on the previous
+  year.
+      Managing board chairman Wolfgang Habbel told a news
+  conference he expected both profit and turnover to rise this
+  year compared with 1986, but he said it was questionable
+  whether 1987 profit would return to 1985 levels.
+      He gave no figure for 1986 profit. Audi had predicted last
+  year that 1986 profit would likely fall by an unspecified
+  amount from 1985's record levels.
+      Habbel said turnover in 1986 rose to 9.9 billion marks from
+  9.6 billion in 1985 and looked certain to rise to over 10
+  billion this year.
+      Asked whether Audi would pay a dividend to VW to help the
+  parent company overcome its currency losses, Habbel said Audi
+  would ensure VW got a share of profits.
+      Audi's entire 1985 net profit was paid into its own free
+  reserves to help finance investment. In the previous 10 years
+  VW had received 80 pct of Audi's earnings as a dividend.
+      Habbel blamed the profit decline on disruptions to output
+  caused by the introduction of the new Audi 80 model, on
+  currency factors and on negative publicity in the U.S. About
+  alleged "sudden acceleration" of some of its Audi 5000 models.
+      As reported, Audi's sales in the U.S. Dropped nearly 20 pct
+  to 59,800 last year.
+      Habbel said the U.S. Sales decline would probably bottom
+  out in 1987.
+      Audi's worldwide car deliveries fell two pct to 363,000.
+      Of the total, exports fell 10.5 pct to a rounded 210,000,
+  but domestic sales increased to a rounded 154,000 from 137,180
+  in 1985.
+      Habbel said the new Audi 80 had sold extremely well in the
+  first two months of 1987, helping Audi to increase its overall
+  market share in West Germany to 8.4 pct from 5.2 pct in the
+  same months of 1986. Sales in Europe also rose but U.S. Sales
+  fell further, he said without giving details. Worldwide
+  deliveries in the first two months increased eight pct to
+  57,000.
+      Audi said in January that 1987 car production would rise to
+  over 400,000 from 384,000 in 1986, when output had fallen
+  compared with 1985's 392,000.
+      Habbel said Audi expected the rise in output to lead to
+  further new hiring of employees.
+      At the end of 1986 Audi's workforce stood at a record
+  39,800, a rise of 3,400 over 1985.
+  
+
diff --git a/reuters/training/6483 b/reuters/training/6483
new file mode 100644
index 0000000000000000000000000000000000000000..81792e1fe3414fe698dd0138b94a236dd37b1415
--- /dev/null
+++ b/reuters/training/6483
@@ -0,0 +1,14 @@
+BANK OF ENGLAND LENDS ONE BILLION STG AT 10 PCT
+  The Bank of England said it had lent one
+  billion stg to the discount market for fourteen days at 10 pct.
+      This brings the Banks total help today to some 1.34 billion
+  stg and satisfies the estimated shortage in the system today
+  which it had earlier estimated at 1.3 billion stg.
+      The Bank's announcement this morning that it was willing to
+  lend two-week money at 10 pct was interpreted by the market as
+  a sanction for lower U.K. Base lending rates.
+      The U.K. Clearing banks swiftly took this up, cutting their
+  base rates by a half-point to 10 pct. At midday, the central
+  bank lowered its money market dealing rates by the same amount.
+  
+
diff --git a/reuters/training/6484 b/reuters/training/6484
new file mode 100644
index 0000000000000000000000000000000000000000..3111a66e365cea47daae62599f2d15bd067f55b0
--- /dev/null
+++ b/reuters/training/6484
@@ -0,0 +1,5 @@
+ UK INTERVENTION BD SAYS EC SOLD 60,500 TONNES WHITE SUGAR AT REBATE 44.819 ECUS.       
+
+   UK INTERVENTION BD SAYS EC SOLD 60,500 TONNES WHITE SUGAR AT REBATE 44.819 ECUS.       
+  
+
diff --git a/reuters/training/6485 b/reuters/training/6485
new file mode 100644
index 0000000000000000000000000000000000000000..70ab45cd8d460bd6e68e7d73a8c814abb63fafcc
--- /dev/null
+++ b/reuters/training/6485
@@ -0,0 +1,15 @@
+SENSORMATIC ELECTRONICS CORP <SNSR> 3RD QTR NET
+  Feb 28 end
+      Shr profit 11 cts vs loss 37 cts
+      Net profit 3,027,000 vs loss 10.4 mln
+      Revs 22.3 mln vs 19.9 mln
+      Avg shrs 28.6 mln vs 29.0 mln
+      Nine mths
+      Shr profit 34 cts vs loss 22 cts
+      Net profit 9,560,000 vs loss 6,072,000
+      Revs 71.9 mln vs 64.7 mln
+      Avg shrs 28.5 mln vs 27.9 mln
+      NOTE: Prior year net both periods after 15.2 mln dlr
+  writeoff.
+  
+
diff --git a/reuters/training/6486 b/reuters/training/6486
new file mode 100644
index 0000000000000000000000000000000000000000..c63d686ffe356fe88f0c5c07e24082569153653b
--- /dev/null
+++ b/reuters/training/6486
@@ -0,0 +1,19 @@
+U.K. INTERVENTION BOARD DETAILS EC SUGAR SALES
+  A total 60,500 tonnes of current series
+  white sugar received export rebates of a maximum 44.819
+  European Currency Units (Ecus) per 100 kilos at today's
+  European Community (EC) tender, the U.K. Intervention Board
+  said.
+      Out of this, traders in France received 18,000 tonnes, in
+  Denmark 15,000, in West Germany 12,250, in the Netherlands
+  12,000 and in Belgium 3,250 tonnes, it added.
+      Earlier today, London traders had expected the subsidy for
+  the current season whites campaign for licences to end-Aug to
+  be between 44.10 and 44.50 Ecus per 100 kilos.
+      Traders had also forecast today's total authorised sugar
+  tonnage export awards to be between 60,000 and 70,000 tonnes
+  versus 71,000 last week when the restitution was 43.248 Ecus.
+      Cumulative export authorisations for the current 1986/87
+  season now stand at 1,915,270 tonnes (40 weeks).
+  
+
diff --git a/reuters/training/6488 b/reuters/training/6488
new file mode 100644
index 0000000000000000000000000000000000000000..0c5c444f31993aa567f9a42646c67a7fd08f12c6
--- /dev/null
+++ b/reuters/training/6488
@@ -0,0 +1,14 @@
+ANACOMP <AAC> ACQUIRES DATAGRAPHIX
+  Anacomp Inc said it acquired
+  the common stock of DatagraphiX Inc from General Dynamics Corp
+  <GD> for about 128 mln dlrs.
+      It said the purchase will be financed with a combination of
+  a new bank credit agreement and through private placement of
+  senior subordinated notes and convertible preferred stock.
+      DatagraphiX, which had 1986 sales of 240.7 mln dlrs,
+  manufactures a line of computer output to microfilm hardware
+  and supplie.
+      Anacomp's sales for the year ended Sept 30, 1986 were 108.8
+  mln dlrs.
+  
+
diff --git a/reuters/training/6491 b/reuters/training/6491
new file mode 100644
index 0000000000000000000000000000000000000000..c3c61586549043ca1f65cec9b4051d0546d087e0
--- /dev/null
+++ b/reuters/training/6491
@@ -0,0 +1,12 @@
+WINNEBAGO INDUSTRIES INC <WGO> 2ND QTR NET
+  Period ended February 28
+      Shr 25 cts vs 25 cts
+      Net 6,292,000 vs 6,340,000
+      Sales 97.0 mln vs 87.0 mln
+      Six mths
+      Shr 36 cts vs 28 cts
+      Net 9,122,000 vs 7,053,000
+      Sales 193.2 mln vs 168.6 mln
+      NOTE: 1986 period ended March One
+  
+
diff --git a/reuters/training/6492 b/reuters/training/6492
new file mode 100644
index 0000000000000000000000000000000000000000..5a3c15f8e2e0415df58e0c723303a529a4763f39
--- /dev/null
+++ b/reuters/training/6492
@@ -0,0 +1,59 @@
+CATTLE BEING PLACED ON FEED LIGHTER THAN NORMAL
+  Most of the cattle now being placed on
+  U.S. feedlots weigh less than normal and likely will remain on
+  feed longer, spreading out marketings and supporting cattle
+  prices through the summer because of reduced beef supply.
+      The prospect of so many cattle remaining on feed for a
+  longer time blunted the market impact of the high placements
+  reported in the USDA's latest cattle on feed report, livestock
+  analysts said.
+      After the USDA released its report of cattle on feed in
+  seven states as of March 1, cattle futures on the Chicago
+  Mercantile Exchange yesterday rose sharply. The trade had
+  expected deferred contracts to decline on the USDA report of a
+  15 pct rise in cattle placements in February from a year ago.
+      Although the heavy placements were expected, analysts noted
+  reports that many cattle put on feed were relatively
+  lightweight and said feedlot operators would feed the lighter
+  cattle into the autumn, rather than market them during the
+  summer as would be the case with the heavier cattle normally
+  placed on feed.
+      Although reports of actual cattle weights are difficult to
+  obtain, industry sources in the West and Southwest acknowledge
+  that lighter cattle are being put on feedlots in their areas.
+      The increase in lighter-weight cattle entering feedlots,
+  helps explain the jump in feedlot placements last month from
+  February, 1986.
+      University of Missouri Agricultural Economist Glenn Grimes
+  said, "The probabilities are high that in order to place that
+  many cattle on feed they (feedlot operators) had to go to
+  lighter-weight cattle.
+      The only statistics available are from some terminal
+  markets which represent only a small percentage of the total
+  cattle marketed. But at those markets, steers averaged 708 lbs
+  in February compared with 718 lbs last year, Grimes said.
+      Even if marketing of the lighter cattle is not delayed,
+  Grimes said, beef supply likely will be reduced.
+      If the average weight is down, and there is no price
+  weakness to delay marketings, the cattle would be marketed at
+  lighter weights, which could reduce the beef supply as much as
+  three pct.
+      Bruce Ginn, cattle analyst for The Helming Group (formerly
+  LBAS), said the lighter cattle are being placed on feed mainly
+  because of two factors: low grain prices and higher live cattle
+  prices.
+      Many farmers like to feed lighter weight cattle and grain
+  supplies are large, he noted. Also, the higher live cattle
+  prices have been encouraging early movement of cattle from
+  wheat pasture onto feedlots, Ginn said.
+      Other analysts also noted that cattle are coming off wheat
+  pasture sooner than normal because of poor pasture conditions.
+      Gary Chapmann, a cash livestock trader for Chapmann and
+  Graham in Sioux City, Iowa said he believed the general trend
+  is to lighter weight placements but pasture conditions in his
+  area benefited from a dry, mild winter.
+      To the south, however, he said the weather was wetter and
+  some cattle are coming off pasture weighing 75 to 100 lbs less
+  than normal after having gained only 75 lbs all winter.
+  
+
diff --git a/reuters/training/6493 b/reuters/training/6493
new file mode 100644
index 0000000000000000000000000000000000000000..a912e6d2c3629a4ccef60bd287b69ccdabec0c68
--- /dev/null
+++ b/reuters/training/6493
@@ -0,0 +1,32 @@
+N.Y. COCOA TRADERS STILL CAUTIOUS ON ICCO
+  New York cocoa traders reacted with
+  caution to today's developments at the International Cocoa
+  Organization talks in London, saying there is still time for
+  negotiations to break down.
+      "I would be extremely cautious to go either long or short
+  at this point," said Jack Ward, president of the cocoa trading
+  firm Barretto Peat. "If and when a final position comes out (of
+  the ICCO talks) one will still have time to put on positions.
+  The risk at the moment is not commensurate with the possible
+  gain."
+      ICCO producer and consumer delegates this morning accepted
+  the outlines of a compromise proposal on buffer stock rules as
+  a basis for further negotiation. A smaller group of
+  representatives is now charged with fleshing out the details.
+      "Market sentiment has reflected optimism, I would't put it
+  any stronger than that," Ward said.
+      "It seems to put them slightly closer to an agreement...
+  but one shouldn't forget how much they have to negotiate," said
+  another trader of today's developments.
+      Many dealers were sidelined coming into the negotiations
+  and have remained so, traders said.
+      "The dealers have got historically small positions in
+  outright terms," one trader said.
+      Speculators have gone net long "but only slightly so," he
+  added.
+      The recent price strength -- gains of about 52 dlrs the
+  last two days -- has been due in large part to sterling's rally
+  against the dollar and in the process has attracted a measure
+  of origin selling, traders said.
+  
+
diff --git a/reuters/training/6494 b/reuters/training/6494
new file mode 100644
index 0000000000000000000000000000000000000000..39873398c7980c6d65ebd8f0425c4f46121c8bb0
--- /dev/null
+++ b/reuters/training/6494
@@ -0,0 +1,14 @@
+REAGAN UPBEAT ABOUT LATEST GNP FIGURES
+  President Reagan said the 1.1 pct
+  U.S. economic growth rate during the final quarter of 1986
+  "wasn't all that bad."
+      The Commerce Department said the rate of growth of the
+  Gross National Product in the October-December period was only
+  slightly less than a preliminary estimate of 1.3 pct made
+  earlier.
+      At the same time, it said inflation, as measured by the GNP
+  price deflator, rose by 0.7 pct during the period.
+      Asked his reaction to the GNP report during a White House
+  photo session, Reagan replied, "It wasn't all that bad."
+  
+
diff --git a/reuters/training/6495 b/reuters/training/6495
new file mode 100644
index 0000000000000000000000000000000000000000..60ed796c13b30921f3769e25753bba92be98e65f
--- /dev/null
+++ b/reuters/training/6495
@@ -0,0 +1,12 @@
+PENWEST LTD <PENW> 2ND QTR ENDS FEB 28 NET
+  Shr 85 cts vs 24 cts
+      Net 2,381,000 vs 754,000
+      Revs 35.3 mln vs 32.6 mln
+      Avg shrs 2,777,620 vs 3,161,603
+      Six mths
+      Shr 1.35 dlrs vs 44 cts
+      Net 3,756,000 vs 1,388,000
+      Revs 65.8 mln vs 64.3 mln
+      Avg shrs 2,777,620 vs 3,161,603
+  
+
diff --git a/reuters/training/6496 b/reuters/training/6496
new file mode 100644
index 0000000000000000000000000000000000000000..72e53eb8ca450d1cee6f49963bbe2e0101a70cf9
--- /dev/null
+++ b/reuters/training/6496
@@ -0,0 +1,10 @@
+SIERRA SPRING WATER CO <WTR> 4TH QTR LOSS
+  Shr loss 10 cts vs profit six cts
+      Net loss 986,000 vs profit 576,000
+      Rev 9.6 mln vs 9.1 mln
+      Year
+      Shr loss seven cts vs profit 27 cts
+      Net loss 714,000 vs profit 2,299,000
+      Rev 42.8 mln vs 34.6 mln
+  
+
diff --git a/reuters/training/6497 b/reuters/training/6497
new file mode 100644
index 0000000000000000000000000000000000000000..6c7a38b7f2d4095b2f71ffeaa450a60474acb286
--- /dev/null
+++ b/reuters/training/6497
@@ -0,0 +1,11 @@
+GELCO <GEL> TO SELL CANADIAN COURIER UNIT
+  Gelco Corp said it signed a letter
+  of intent to sell its Canadian courier unit, Gelco Express Ltd,
+  to Air Canada for about 54 mln dlrs (U.S.).
+      It said consummation of the transaction depends on
+  execution of a definitive agreement, which is expected in May.
+      As part of its restructuring plan, Gelco had announced that
+  it would sell four business units. Gelco Express Ltd was one of
+  the companies scheduled for divestiture.
+  
+
diff --git a/reuters/training/6498 b/reuters/training/6498
new file mode 100644
index 0000000000000000000000000000000000000000..cbbe6da76384dcc2ccad5d1c2c36c8db2c03c939
--- /dev/null
+++ b/reuters/training/6498
@@ -0,0 +1,10 @@
+SYNTHETECH <NZYM> ENDS SOUTHWEST PHOTO TALKS
+  Synthetech Inc said it
+  discontinued negotiations on acquiring Southwest Photo chem Inc
+  of Pomona, Calif.
+      The company cited "irreconcilable differences" in the
+  financial structure of the deal.
+      It said Southwest Photo proposed a significant change in
+  terms outlined in the letter of intent signed last month.
+  
+
diff --git a/reuters/training/6499 b/reuters/training/6499
new file mode 100644
index 0000000000000000000000000000000000000000..de9c0c8671f29cf921f038d065c6351a41162e50
--- /dev/null
+++ b/reuters/training/6499
@@ -0,0 +1,6 @@
+RANCO <RNI> HOLDERS APPROVE MERGER
+  Ranco Inc said shareholders at a
+  special meeting approved a merger into <Siebe PLC> for 40 dlrs
+  per share.
+  
+
diff --git a/reuters/training/65 b/reuters/training/65
new file mode 100644
index 0000000000000000000000000000000000000000..9414cc434b68b6b8bceb0ef11d3565cfe3999b74
--- /dev/null
+++ b/reuters/training/65
@@ -0,0 +1,11 @@
+FARMERS GROUP INC <FGRP> 4TH QTR NET
+  Shr 80 cts vs 72 cts
+      Net 55,513,000 vs 48,741,000
+      Revs 290.9 mln vs 264.2 mln
+      Year
+      Shr 3.09 dlrs vs 2.72 dlrs
+      Net 213,470,000 vs 184,649,000
+      Revs 1.12 billion vs 992.9 mln
+      Avg shrs 69,127,000 vs 68,004,000
+  
+
diff --git a/reuters/training/6500 b/reuters/training/6500
new file mode 100644
index 0000000000000000000000000000000000000000..6ba1d5c790f19d3b5c8097d76334f4396fa36fe5
--- /dev/null
+++ b/reuters/training/6500
@@ -0,0 +1,12 @@
+AMERICAN PHYSICIANS SERVICE <AMPH> 4TH NET
+  Shr profit five cts vs profit two cts
+      Net profit 268,000 vs profit 134,000
+      Revs 6,951,000 vs 5,938,000
+      12 mths
+      Shr profit 14 cts vs loss 11 cts
+      Net profit 801,000 vs loss 623,000
+      Revs 24.6 mln vs 24.3 mln
+      NOTE: full name of company is american physicians service
+  group inc.
+  
+
diff --git a/reuters/training/6502 b/reuters/training/6502
new file mode 100644
index 0000000000000000000000000000000000000000..8409a29cffcc54869c73fa9f491c96504edf992f
--- /dev/null
+++ b/reuters/training/6502
@@ -0,0 +1,14 @@
+AIR CANADA TO COMMENT ON GELCO<GEC> UNIT REPORT
+  State-owned Air Canada said it will
+  make a statement at 1100 EST concerning a published report that
+  the airline has agreed to acquire Gelco Corp's Canadian unit,
+  Gelco Express Ltd, an Air Canada spokesman said.
+      The spokesman declined to comment on the Toronto Globe and
+  Mail report when queried.
+      The sale of Gelco Express, Canada's second largest courier
+  service, is part of the parent company's strategy to repay 350
+  mln U.S. dlrs of debt by the end of 1987, the report said,
+  quoting a Gelco spokesman. The report did not disclose a price
+  for the sale of Gelco's Canadian unit.
+  
+
diff --git a/reuters/training/6503 b/reuters/training/6503
new file mode 100644
index 0000000000000000000000000000000000000000..f7f6888e200ba8c9bc66c8e86ba10c82fc6c45ca
--- /dev/null
+++ b/reuters/training/6503
@@ -0,0 +1,20 @@
+PHILIP CROSBY <PCRO> SEES LOWER 4TH QTR RESULTS
+  Philip Crosby Associates Inc
+  said it expects its audited results for 1986's fourth quarter
+  to be lower than its previously estimated 10 to 15 cts per
+  share.
+      Philip Crosby Jr, executive vice president, said normal
+  accounting adjustments, as well as a review of the company's
+  international operations due to a previously reported alleged
+  embezzlement, resulted in the lower results.
+      Philip Crosby reported fourth quarter 1985 results of 1.3
+  mln dlrs, or 37 cts a share prior to an August 15 two-for-one
+  stock split.
+      Crosby said, however, he expects the company to report
+  higher first quarter 1987 revenues than the 1986 first quarter
+  revenues of 11.8 mln dlrs.
+      Crosby said that tuition levels from the management
+  consulting service company's courses this month are at the
+  highest level in the company's history.
+  
+
diff --git a/reuters/training/6504 b/reuters/training/6504
new file mode 100644
index 0000000000000000000000000000000000000000..160f932a4b8ca0af647f15df2dad8cec5ba160cb
--- /dev/null
+++ b/reuters/training/6504
@@ -0,0 +1,15 @@
+GENZYME CORP <GENZ> 4TH QTR NET
+  Shr profit three cts vs loss 44 cts
+      Net profit 247,000 vs loss 2,410,000
+      Revs 3,845,000 vs 3,264,000
+      Avg shrs 8,743,000 vs 5,507,000
+      Year
+      Shr profit one ct vs loss 53 cts
+      Net profit 41,300 vs loss 2,840,000
+      Revs 13.0 vs 9,767,000
+      Avg shrs 7,497,000 vs 5,384,000
+      NOTE: 1985 4th qtr and year net includes two mln dlr loss
+  for litigation settlement and 589,000 dlrs for write-off of
+  goodwill.
+  
+
diff --git a/reuters/training/6505 b/reuters/training/6505
new file mode 100644
index 0000000000000000000000000000000000000000..81582210ce200b438a38ef2305d9899cdcfdb79a
--- /dev/null
+++ b/reuters/training/6505
@@ -0,0 +1,6 @@
+INFORMATION SOLUTIONS INC <ISOL> 1ST QTR JAN 31
+  Shr two cts vs six cts
+      Net 43,295 vs 147,724
+      Revs 3,787,507 vs 4,000,019
+  
+
diff --git a/reuters/training/6506 b/reuters/training/6506
new file mode 100644
index 0000000000000000000000000000000000000000..d9e87da94935cd898b7f461c212b61c9364037cc
--- /dev/null
+++ b/reuters/training/6506
@@ -0,0 +1,6 @@
+FAIRCHILD INDUSTRIES <FEN> SETS REGULAR PAYOUT
+  Qtrly div five cts vs five cts
+      Pay Apirl 10
+      Record March 30
+  
+
diff --git a/reuters/training/6507 b/reuters/training/6507
new file mode 100644
index 0000000000000000000000000000000000000000..0e82db7f40239093a74b8fc1c55c71216869031d
--- /dev/null
+++ b/reuters/training/6507
@@ -0,0 +1,9 @@
+ALFA LAVAL AB <ALFS.ST> 1986 YEAR
+  Group profit after financial income and expenses 731 mln
+      Crowns vs 651 mln
+      Sales 10.15 billion crowns vs 10.05 billion
+      Profit per share after full taxes - 31.80 crowns vs 30
+      Crowns
+      Proposed dividend - 11 crowns vs 10 crowns.
+  
+
diff --git a/reuters/training/6509 b/reuters/training/6509
new file mode 100644
index 0000000000000000000000000000000000000000..8f1806b48e6aa5c3f6258f9b2adaf68ba5ad3555
--- /dev/null
+++ b/reuters/training/6509
@@ -0,0 +1,6 @@
+SPECTRUM CONTROL INC <SPEC> SETS QUARTERLY
+  Qtly div 1-3/4 cts vs 1-3/4 cts prior
+      Pay April 15
+      Record April One
+  
+
diff --git a/reuters/training/6511 b/reuters/training/6511
new file mode 100644
index 0000000000000000000000000000000000000000..ccc777092600df8e0a978d867e038e7d4eb72ed9
--- /dev/null
+++ b/reuters/training/6511
@@ -0,0 +1,14 @@
+ICELAND TO PRIVATISE STATE BANK UTVEGSBANKI
+  The Icelandic government said it will
+  privatise the state-owned bank Utvegsbanki, the country's
+  second largest. Parliament also granted an 800 mln crown cash
+  infusion to ease cash flow problems that arose when the bank
+  lost 600 mln crowns in a shipping firm bankruptcy two years
+  ago.
+      Utvegsbanki director Halldor Gudbjarnarson told Reuters the
+  decision to privatise the bank was a relief and that foreign
+  banks had already expressed interest in taking a share.
+      A quarter of the one billion crown total share capital will
+  be available to foreign investors, government officials said.
+  
+
diff --git a/reuters/training/6514 b/reuters/training/6514
new file mode 100644
index 0000000000000000000000000000000000000000..473b460bc3865e8457954053170a2baba5007e41
--- /dev/null
+++ b/reuters/training/6514
@@ -0,0 +1,6 @@
+GENOVESE DRUG STORES INC <SPEC> SETS QUARTERLY
+  Qtly div five cts vs five cts prior
+      Pay April 20
+      Record April 13 
+  
+
diff --git a/reuters/training/6515 b/reuters/training/6515
new file mode 100644
index 0000000000000000000000000000000000000000..b058c0da37ca9235e4e97c9f42dbec1bca04865f
--- /dev/null
+++ b/reuters/training/6515
@@ -0,0 +1,21 @@
+STUDY SHOWS ONLY LIMITED OPTIMISM FOR SILVER
+  Silver looks "unlikely to break out of
+  gold and platinum's shadow" in the near future, although this
+  year is likely to see demand increasing at a faster rate than
+  supply, a study by Credit Suisse said.
+      The study predicted demand rising by 300 tonnes to 13,200
+  tonnes this year, against a 50 tonne increase in supply to
+  14,050 tonnes. This should cut the global oversupply to 850
+  tonnes from last year's provisional 1,100 tonnes.
+      The study noted that the effects of last year's lower
+  prices were having a dampening effect on total supply, which
+  was now back down to around levels of a decade ago.
+      However, the study said that primary production, likely to
+  reach 10,000 tonnes this year against a provisional 9,950 in
+  1986, is relatively insensitive to price falls.
+      Around a third of silver production comes from heavily
+  indebted Mexico and Peru.
+      Price-sensitivity is also reduced by the fact that the
+  majority of silver is a by-product of other mining activity.
+  
+
diff --git a/reuters/training/6520 b/reuters/training/6520
new file mode 100644
index 0000000000000000000000000000000000000000..6a610d344580b933fb707987916b5b17b3c1b1ca
--- /dev/null
+++ b/reuters/training/6520
@@ -0,0 +1,6 @@
+ANIMED INC <VETS> 1ST QTR JAN 31 LOSS
+  Shr loss six cts vs profit three cts
+      Net loss 368,188 vs profit 149,334
+      Revs 3,9i3,523 vs 4,129,240
+  
+
diff --git a/reuters/training/6521 b/reuters/training/6521
new file mode 100644
index 0000000000000000000000000000000000000000..09c8aa3542e3d9a7b99a9dbda453c0a0168495db
--- /dev/null
+++ b/reuters/training/6521
@@ -0,0 +1,8 @@
+ANIMED <VETS> EXPECTS TO TURN PROFITABLE
+  ANIMED Inc said it expects to
+  return to profitability during the current year.
+      Today it reported a loss for the first quarter ended in
+  January of 368,188 dlrs compared with a 149,334 dlr profit a
+  year before.
+  
+
diff --git a/reuters/training/6522 b/reuters/training/6522
new file mode 100644
index 0000000000000000000000000000000000000000..95479e6db2f83e6dfbda0e157db90e0f0f2ec264
--- /dev/null
+++ b/reuters/training/6522
@@ -0,0 +1,14 @@
+CROWN AUTO INC <CRNI> 4TH QTR DEC 27 LOSS
+  Shr loss 14 cts vs loss 31 cts
+      Net loss 144,522 vs loss 334,890
+      Revs 10,019,828 vs 9,021,835
+      Year
+      Shr loss 16 cts vs profit 10 cts
+      Net loss 170,177 vs profit 105,090
+      Revs 36.8 mln vs 36.1 mln
+      Avg shrs 1,068,850 vs 1,074,624
+      NOTE: 1985 period ended December 28
+      1985 earnings include loss in each period from discontinued
+  operations of 184,777 dlrs
+  
+
diff --git a/reuters/training/6523 b/reuters/training/6523
new file mode 100644
index 0000000000000000000000000000000000000000..46239a672c1fc32833887d01b734febc8a467fcb
--- /dev/null
+++ b/reuters/training/6523
@@ -0,0 +1,14 @@
+UNION VALLEY CORP <UVC> 4TH QTR NET
+  Shr 20 cts vs 34 cts
+      Net 797,000 vs 1,137,000
+      Rev 22.2 mln vs 18.2 mln
+      Avg shares 3,966,667 vs 3,366,667
+      Year
+      Shr 73 cts vs one dlr
+      Net 2,625,000 vs 3,371,000
+      Rev 69.6 mln vs 62.9 mln
+      Avg shares 3,583,653 vs 3,366,667
+      NOTE: 1986 includes extraordinary gain of 281,000 dlrs, or
+  eight cts a share.
+  
+
diff --git a/reuters/training/6524 b/reuters/training/6524
new file mode 100644
index 0000000000000000000000000000000000000000..2b5074d9bec89d29ed863032ede79389795db09d
--- /dev/null
+++ b/reuters/training/6524
@@ -0,0 +1,9 @@
+GENERAL DEVICES INC <GDIC> YEAR NET
+  Shr profit 48 cts vs loss 21 cts
+      Net profit 1,308,503 vs loss 561,384
+      Revs 56.0 mln vs 66.1 mln
+      NOTE: 1986 net includes pretax gain 2,429,563 dlrs from
+  sale of Worldwide Computer Services Inc subsidiary and 352,000
+  dlr tax credit.
+  
+
diff --git a/reuters/training/6525 b/reuters/training/6525
new file mode 100644
index 0000000000000000000000000000000000000000..945609acc79123d12b3523c7e02e9837eddba2d4
--- /dev/null
+++ b/reuters/training/6525
@@ -0,0 +1,13 @@
+DEUTSCHE BABCOCK TO INCREASE DIVIDEND IN 1986/87
+  Deutsche Babcock AG
+  <DBCG.F> will increase its dividend on results in the year
+  ending September 30, 1987, chief executive Helmut Wiehn said.
+      Wiehn told a news conference Deutsche Babcock would double
+  the absolute amount it distributes to shareholders. This
+  overall increase would also be due partly to an increase of
+  nominal share capital by 100 mln marks to 350 mln marks.
+      A higher dividend had been anticipated because Deutsche
+  Babcock has said in the past that it will only raise capital
+  when it can make a lasting improvement in the dividend.
+  
+
diff --git a/reuters/training/6527 b/reuters/training/6527
new file mode 100644
index 0000000000000000000000000000000000000000..db48e8afb18cb3eb5106229af80fd145d329b64b
--- /dev/null
+++ b/reuters/training/6527
@@ -0,0 +1,13 @@
+EXOVIR <XOVR> SELLS STOCK FOR 2.8 MLN DLRS
+  Exovir Inc said it sold to an
+  investor group led by Mark Hammer 200,000 shares of company
+  common stock and warrants to purchase an additional 200,000
+  shares.
+      Exovir said the transaction increases the group's stake
+  from 12.9 pct to 18.5 pct.
+      The net proceeds to the company total 2.8 mln dlrs, the
+  company said. The warrants are exerciseable over the next three
+  years at 19.50 dlrs per share of common stock, according to
+  Exovir.
+  
+
diff --git a/reuters/training/6528 b/reuters/training/6528
new file mode 100644
index 0000000000000000000000000000000000000000..dbd6e9e10f15d14d535de6ca94a631ce30cb5900
--- /dev/null
+++ b/reuters/training/6528
@@ -0,0 +1,6 @@
+BRAD RAGAN INC <BRD> SETS QUARTERLY
+  Qtly div three cts vs three cts prior
+      Pay May 4
+      Record April 3
+  
+
diff --git a/reuters/training/6529 b/reuters/training/6529
new file mode 100644
index 0000000000000000000000000000000000000000..b0e863906fe1934b92c06427426e262d2d5147bf
--- /dev/null
+++ b/reuters/training/6529
@@ -0,0 +1,12 @@
+<BASTIAN INDUSTRIES INC> 2ND QTR JAN 31 LOSS
+  Net loss 1,321,000 vs loss 1,397,000
+      Sales 31.1 mln vs 29.2 mln
+      1st half
+      Net loss 94,000 vs loss 1,745,000
+      Sales 63.0 mln vs 61.9 mln
+      NOTE: Company recently went private.
+      Latest quarter net includes 24,000 dlr tax credit.
+      Current half net includes gain 2,041,000 dlrs pretax from
+  termination of pension plan.
+  
+
diff --git a/reuters/training/6531 b/reuters/training/6531
new file mode 100644
index 0000000000000000000000000000000000000000..59e250f45f3a35e072c4b653d89aea1464dbd168
--- /dev/null
+++ b/reuters/training/6531
@@ -0,0 +1,70 @@
+U.K. BASE RATES WILL FALL AGAIN SOON, SAY ANALYSTS
+  Today's modest half-point cut in U.K.
+  Bank base lending rates to 10 pct signals the Bank of England's
+  determination to maintain a cautious monetary stance, but
+  financial markets appear set to force its hand, analysts said.
+      They said a further half-point cut in base rates to 9-1/2
+  pct was bound to occur within the next week and rates may shed
+  a further half point soon if markets remain buoyant.
+      Earlier, markets were bracing for a one-point cut in rates
+  after yesterday's budget set a sharp three billion stg
+  reduction in 1987 government borrowing targets to four billion
+  stg.
+      Sterling money market rates moved lower again, with the key
+  three-month interbank rate down to 9-5/8 1/2 pct at the start
+  of business from 9-11/16 9/16 yesterday, and sterling rallied
+  to four-year highs against the dollar in very active trading.
+      Government bond prices also surged on the budget, with
+  gains in excess of one point pushing yields on long-term paper
+  below nine pct for the first time in nearly a year.
+      But today's smaller than expected rate cut appeared to have
+  placated markets for now, analysts said. Money market rates
+  recovered up to 1/4 point from earlier lows while both sterling
+  and gilts came off highs as trading ground to a near halt.
+      Analysts said the slowdown was likely to be temporary, and
+  the reappraisal of sterling assets by international investors
+  was set to resume as early as tomorrow, leading to higher gilt
+  prices, exchange rate advances and lower money market rates.
+      "Today's cut was slightly disappointing," said Bill Martin,
+  chief U.K. Economist at stockbrokers Phillips and Drew. "The
+  Bank of England is taking a very cautious line ... To temper
+  the markets' first rush of blood to the head after the budget."
+      Analysts said the bank's move today to lend two-week cash
+  to U.K. Discount houses at a lower 10 pct suggested it hoped to
+  maintain the new rates for about that period of time.
+      The analysts agreed success would depend largely on how
+  sterling performs in the near term.
+      Sharp rises in the pound's value could be checked initially
+  through Bank of England intervention but eventually the gains
+  would force the bank to cut interest rates rates again.
+      "The market seems to have accepted the modest cut for the
+  time being," said Midland Bank treasury economist David
+  Simmonds. "But I am sceptical that the bank will be able to hold
+  up rates for long."
+      Simmonds said he saw sterling rising another two U.S. Cents
+  this week from around 1.60 dlrs, forcing a rate cut by Friday.
+      Robin Marshall, chief economist at Chase Manhattan
+  Securities, said "There is another half point to come in the
+  near term, this week or next week at the latest...We see a
+  whole point off base rates in the next two or three weeks."
+      Analysts stressed that apart from prestige, Britain had
+  very little to gain from a sharp rise in sterling's exchange
+  rate.
+      Martin, of Phillips and Drew, said the dampening effect of
+  a sterling rise on consumer price inflation would not
+  materialise for at least nine months while its hampering impact
+  on manufactured exports would show almost immediately.
+      Analysts said the budget, featuring income tax cuts as well
+  as cautious plans for public finances, had improved the chances
+  of re-election for the Conservative government and probably
+  advanced the election date. One must be held before June, 1988.
+  Combined with overall good prospects for the U.K. Economy, this
+  was likely to fuel a foreign rush on sterling-denominated
+  assets, pushing the pound's value well above unofficial
+  targets.
+      With mark-denominated investments largely out of favour
+  because of low yields and a dull economic outlook, Chase's
+  Marshall said "Sterling is simply the best game in town,
+  especially after the budget, and demand will remain strong."
+  
+
diff --git a/reuters/training/6532 b/reuters/training/6532
new file mode 100644
index 0000000000000000000000000000000000000000..63671ef7e1373e3afed5a2e49d08c1f07c439fb9
--- /dev/null
+++ b/reuters/training/6532
@@ -0,0 +1,8 @@
+COMMERCIAL NATIONAL CORP <CNCL> CUTS QUARTERLY
+  Commercial National Corp said
+  it cut its quarterly dividend to 15 cts per share from 25 cts
+  due to current expectations for 1987 earnings.
+      The company said the dividend is payable April 10 to
+  holders of record March 31.
+  
+
diff --git a/reuters/training/6533 b/reuters/training/6533
new file mode 100644
index 0000000000000000000000000000000000000000..11177a91d09bf50e8de7e4a64cb1942e582f98bd
--- /dev/null
+++ b/reuters/training/6533
@@ -0,0 +1,10 @@
+TIMBERLAND INDUSTRIES INC <TIMB> 4TH QTR NET
+  Shr 14 cts vs 22 cts
+      Net 188,000 vs 307,000
+      Sales 14.6 mln vs 12.1 mln
+      Year
+      Shr 44 cts vs 63 cts
+      Net 600,000 vs 852,000
+      Sales 51.0 mln vs 45.7 mln
+  
+
diff --git a/reuters/training/6534 b/reuters/training/6534
new file mode 100644
index 0000000000000000000000000000000000000000..64e285c0f3377f2fca7e8849296e2717d4fd6108
--- /dev/null
+++ b/reuters/training/6534
@@ -0,0 +1,7 @@
+<MUNICIPAL FINANCIAL CORP> 1ST QTR JAN 31 NET
+  Shr 34 cts vs 22 cts
+      Net 1,280,185 vs 875,692
+      Revs 19.0 mln vs 15.8 mln
+      Assets 585.6 mln vs 469.1 mln
+  
+
diff --git a/reuters/training/6535 b/reuters/training/6535
new file mode 100644
index 0000000000000000000000000000000000000000..dddb0d8b7a67fe761b4b800c78eda8b10928dde5
--- /dev/null
+++ b/reuters/training/6535
@@ -0,0 +1,14 @@
+PAKISTAN-SWEDISH GOODS EXCHANGE AGREED
+  Pakistan and Sweden have signed a
+  commodity exchange agreement for 88 mln dlrs each way, the
+  Pakistan government announced.
+      Pakistan's exports under the agreement will include raw
+  cotton, cotton products, cotton textiles, steel products,
+  molasses, naphtha and fresh and dried fruits.
+      Swedish exports to Pakistan will include medical and
+  laboratory equipment, electrical telecommunication equipment,
+  diesel engine spares, mining and security equipment,
+  road-building and construction machinery, fertilisers and palm
+  oil.
+  
+
diff --git a/reuters/training/6537 b/reuters/training/6537
new file mode 100644
index 0000000000000000000000000000000000000000..34eb0c29522a0e4ccd454fe242c004f4ff6af96a
--- /dev/null
+++ b/reuters/training/6537
@@ -0,0 +1,12 @@
+PEAT MARWICK AND NOLAN NORTON TO MERGE
+  <Peat Marwick>, an accounting and
+  management consulting firm, and <Nolan, Norton and Co>, an
+  information and technology planning concern, said they have
+  merged.
+      The companies said with the merger Nolan now will be known
+  as Nolan, Norton and Co-partners, the information technology
+  arm of Peat Marwick.
+      Also as part of the merger, Nolan's 21 principals have
+  become Peat Marwick partners, the companies said.
+  
+
diff --git a/reuters/training/6538 b/reuters/training/6538
new file mode 100644
index 0000000000000000000000000000000000000000..98fbccdd091eb0059148e56a1ed85cf5dfa967cc
--- /dev/null
+++ b/reuters/training/6538
@@ -0,0 +1,8 @@
+TRUS JOIST <TJCO> TO ACQUIRE CANADIAN FIRM
+  Trus Joist Corp said it agreed to
+  purchase Dashwood Industries Ltd, a Canadian wood window and
+  patio door manufacturer, for an undisclosed amount of cash.
+      Trus Joist said it expects to close the transaction before
+  June 30.
+  
+
diff --git a/reuters/training/6539 b/reuters/training/6539
new file mode 100644
index 0000000000000000000000000000000000000000..7938446f2ac9ec6ac2a61ac6cdfbcdc8fafcf232
--- /dev/null
+++ b/reuters/training/6539
@@ -0,0 +1,14 @@
+KINDER-CARE <KNDR> SEES HIGHER EARNINGS IN 1987
+  Kinder-Care Inc projected its
+  1987 earnings to be 44 mln dlrs.
+      Richard Grassgreen, president of the company, said earnings
+  per share are expected to be between 97 cts and one dlr in
+  comparison to 75 cts earnings per share for the fiscal year
+  ended August 29, 1986, and 80 cts for the trailing 12 months
+  ended November 1986.
+      Greengrass said this represents an earnings per share
+  increase of approximately 25 to 30 pct.
+      The company said it changed its fiscal year end from August
+  31 to December 31.
+  
+
diff --git a/reuters/training/6540 b/reuters/training/6540
new file mode 100644
index 0000000000000000000000000000000000000000..e16b4f72a656cbf251b7a86e19cb584763431f5e
--- /dev/null
+++ b/reuters/training/6540
@@ -0,0 +1,12 @@
+ROBBINS AND MYERS INC <ROBN> 2ND QTR FEB 28 NET
+  Shr profit 11 cts vs loss 1.45 dlrs
+      Net profit 267,000 vs loss 3,458,000
+      Sales 23.6 mln vs 23.0 mln
+      First half
+      Shr loss 27 cts vs loss 1.91 dlrs
+      Net loss 633,000 vs loss 4,548,000
+      Sales 46.2 mln vs 49.7 mln
+      Avg shrs 2,382,000 vs 2,381,000
+      Backlog 26.1 mln vs 36.0 mln
+  
+
diff --git a/reuters/training/6541 b/reuters/training/6541
new file mode 100644
index 0000000000000000000000000000000000000000..d19e90d0e7cd2ca2342ceb5d1f22bf325fd0c9df
--- /dev/null
+++ b/reuters/training/6541
@@ -0,0 +1,67 @@
+ECONOMIC SPOTLIGHT - JAPAN SHIPBUILDERS RECOVERY
+  Japan's ailing shipbuilding industry
+  plans to refloat itself in a few years from the twin rocks of
+  recession and a strong yen through capacity and workforce cuts
+  and greater use of computers, industry sources told Reuters.
+      The salvage measures, which include a government-sponsored
+  rationalisation program, are aimed at clawing back some of the
+  market which Japan, the world leader, has lost to South Korea
+  through currency and labour cost disadvantages, they said.
+      The sources said South Korea's yards are now some 35 pct
+  more competitive than Japan's due to such factors.
+      The government plans to help the industry shed 20 pct of
+  current capacity within two years through mergers and
+  regrouping under legislation put before Parliament this month
+  and likely to be approved by May or June, the sources said.
+      They said from September a semi-government body will assure
+  repayment of about 50 billion yen in liabilities incurred
+  through job losses and the sale of excess capacity, and another
+  30 billion for buying unneeded land and equipment.
+      Last Friday, the Shipbuilders Association of Japan applied
+  to the Fair Trade Commission to form a cartel to slash tonnage
+  built to about half of total capacity for a year from April 1.
+      The commission has held several hearings with the industry
+  and approval should be given this month, the sources said.
+      A clampdown on output over one or two years combined with a
+  planned cost-cutting and streamlining program and state support
+  should help Japanese yards recover their international
+  competitiveness, they said.
+      Under the cartel proposals, 33 yards each capable of
+  building ships of more than 10,000 gross tonnes would build a
+  maximum of three mln compensated gross registered tonnes (CGRT)
+  in 1987/88. This is about half of total capacity.
+      This will ease the cut-throat competition which forced most
+  yards to sign orders below cost, the sources said.
+      The industry is likely to seek to renew the cartel for
+  1988/89 as the Transport Ministry sees new orders falling to
+  3.1 mln CGRT in 1988/89 from 3.3 mln in 1987/88, they said.
+      The rationalisation program includes a cut of 20,000 to
+  30,000 of the estimated 100,000 workers in the industry between
+  1986 and 1989.
+      Japanese yards topped world order books at end-December,
+  followed by South Korea and Taiwan, according to Lloyd's
+  Register of Shipping.
+      However, falling orders and declining international
+  competitiveness due to the strong yen led to heavy losses in
+  the industry, the sources said.
+      Four of Japan's six major heavy machinery and shipbuilding
+  companies reported current deficits in the first half of the
+  year to March 31 and five of them are expected to report
+  current deficits for the whole of 1986/7, they said.
+      The shipbuilding companies' streamlining program will raise
+  productivity to compete with South Korean yards which have also
+  been hard hit by declining orders and low ship prices in recnt
+  years, the sources said.
+      In Japan, no single yard leads the industry, resulting in
+  fierce competition and slow progress in reducing capacity. The
+  two largest firms -- Mitsubishi Heavy Industries Ltd <MITH.T>
+  and Ishikawajima-Harima Heavy Industries Co Ltd <JIMA.T> --
+  account for only 30 pct of ships built, the sources said.
+      "World shipowners hope Japanese yards can manage to ride out
+  the recession as their technology is the best in the world,"
+  said an official at a major Japanese shipping company.
+      The Japanese merchant fleet, the largest after Liberia's,
+  has no intention of shifting to other countries to buy ships,
+  and this will encourage Japanese yards, the sources said.
+  
+
diff --git a/reuters/training/6542 b/reuters/training/6542
new file mode 100644
index 0000000000000000000000000000000000000000..527c2b2a57f9af784ae9dd0325dbfead49c14d9d
--- /dev/null
+++ b/reuters/training/6542
@@ -0,0 +1,5 @@
+CONT'L ILLINOIS SAYS BRAZIL MORATORIUM COULD CUT 1ST QTR NET BY 10 MLN DLRS
+
+  CONT'L ILLINOIS SAYS BRAZIL MORATORIUM COULD CUT 1ST QTR NET BY 10 MLN DLRS
+  
+
diff --git a/reuters/training/6543 b/reuters/training/6543
new file mode 100644
index 0000000000000000000000000000000000000000..5b033d194414ace7f9797ced6237c1956d05fdcb
--- /dev/null
+++ b/reuters/training/6543
@@ -0,0 +1,14 @@
+FED EXPECTED TO ADD RESERVES IN MONEY MARKET
+  The Federal Reserve is expected to
+  enter the U.S. Government securities market to add temporary
+  reserves indirectly via 1.5 billion dlrs or more of customer
+  repurchase agreements, economists said.
+      They said the below-six pct Federal funds rate suggests the
+  Fed does not have a large reserve adding need. However, some
+  dealers reportedly backed out of the three-day System
+  repurchase agreements set on Monday, leaving the Fed with a
+  somewhat increased need to supply reserves.
+      Federal funds, which averaged 6.05 pct yesterday, opened at
+  5-15/16 pct and remained there in early trading.
+  
+
diff --git a/reuters/training/6546 b/reuters/training/6546
new file mode 100644
index 0000000000000000000000000000000000000000..36ab3da00ecfeb85bba2c582f3dd600e7e3f8db1
--- /dev/null
+++ b/reuters/training/6546
@@ -0,0 +1,24 @@
+SURALCO BAUXITE REFINERY REOPENED
+  The 1.4 mln tonnes capacity bauxite
+  refinery at Paranam in Surinam, which closed at the end of
+  January after being sabotaged by anti-government rebels, has
+  now reopened, a spokesman for Dutch metals company Billiton
+  said.
+      The refinery is run by Suralco, jointly owned by the U.S.
+  Company Alcoa and the Dutch company Billiton, which is a
+  wholly-owned subsidiary of Royal Dutch Shell.
+      Production of alumina at the refinery is currently running
+  at around 3,000 tonnes a day and is expected to get back to
+  full capacity of 4,000 tonnes within a week, the Billiton
+  spokesman added.
+      The refinery was forced to close at the end of January when
+  rebels cut the main power line.
+      Earlier, the refinery had had to import some supplies of
+  bauxite, as rebel activity shut off supplies from Alcoa's mine
+  at Moengo in the east of the country.
+      Billiton's mine at Onverdacht, between Paranam and the
+  capital Paramaribo, is still working but Moengo remains closed
+  and the refinery is continuing to import some bauxite, the
+  Billiton spokesman said.
+  
+
diff --git a/reuters/training/6547 b/reuters/training/6547
new file mode 100644
index 0000000000000000000000000000000000000000..f37b08b69d28c4f9ea6b451617937fce02736ac1
--- /dev/null
+++ b/reuters/training/6547
@@ -0,0 +1,21 @@
+CONT'L ILLINOIS<CIL> SAYS MORATORIUM MAY CUT NET
+  Continental Illinois Corp said if the
+  Brazilian debt moratorium remains in effect, it may place its
+  medium and long term loans to Brazil on a cash basis.
+      This would increase non-performing loans by about 380 mln
+  dlrs and reduce income before taxes and net income by about 10
+  mln dlrs in the 1987 first quarter and 35 mln dlrs for the full
+  year, company officials told a press briefing.
+      Loans to Brazil at 1986 year end totaled 474 mln dlrs,
+  according to the annual report released at the briefing.
+      In February 1987, the Brazilian government, citing a
+  declining level of foreign currency reserves, declared a
+  moratorium on the payment of interest on the country's medium
+  and long term debt obligations.
+      Continental said it may take similar action on its loans to
+  Ecuador, which total 25 mln dlrs. This would reduce 1987
+  pre-tax and after-tax net by 800,000 dlrs in the first quarter,
+  and by two mln dlrs for the full year, the bank-holding
+  company's officers said.
+  
+
diff --git a/reuters/training/6549 b/reuters/training/6549
new file mode 100644
index 0000000000000000000000000000000000000000..468bffa4e0b2781e04a66f8d399b7016fe81fd8c
--- /dev/null
+++ b/reuters/training/6549
@@ -0,0 +1,10 @@
+CYPRESS SAVINGS ASSOCIATION <CYPSA> 4TH QTR LOSS
+  Shr loss 3.26 dlrs vs loss 2.75 dlrs
+      Net loss 3,479,744 vs 2,939,619
+      Year
+      Shr loss 5.58 dlrs vs loss 2.20 dlrs
+      Net loss 5,964,454 vs loss 2,341,818
+      NOTE: Net includes tax credits of 108,798 dlrs vs 1,445,275
+  dlrs in quarter and 838,690 dlrs vs 1,124,805 dlrs in year.
+  
+
diff --git a/reuters/training/6551 b/reuters/training/6551
new file mode 100644
index 0000000000000000000000000000000000000000..6c6361742f4a9b742fc590bf79fad7cb4215f4d2
--- /dev/null
+++ b/reuters/training/6551
@@ -0,0 +1,13 @@
+ZENITH LABORATORIES INC <ZEN> 4TH QTR LOSS
+  Shr loss 24 cts vs profit 23 cts
+      Net loss 5,106,000 vs profit 5,120,000
+      Sales 11.4 mln vs 20.4 mln
+      Year
+      Shr loss 19 cts vs profit 73 cts
+      Net loss 4,062,000 vs profit 15.7 mln
+      Sales 50.4 mln vs 80.5 mln
+      Avg shrs 21.7 mln vs 21.6 mln
+      NOTE: 1986 net includes tax credits of 2,742,000 dlrs in
+  quarter and 5,903,000 dlrs in year.
+  
+
diff --git a/reuters/training/6552 b/reuters/training/6552
new file mode 100644
index 0000000000000000000000000000000000000000..ca580d8fec12722f47a77fed77facf02b39b9f93
--- /dev/null
+++ b/reuters/training/6552
@@ -0,0 +1,12 @@
+CERADYNE INC <CRDN> 4TH QTR LOSS
+  Shr loss 22 cts vs profit 10 cts
+      Net loss 1,056,000 vs profit 427,000
+      Sales 5,440,000 vs 4,982,000
+      Avg shrs 5,229,542 vs 4,435,691
+      Year
+      Shr profit one ct vs profit 26 cts
+      Net profit 29,000 vs profit 993,000
+      Sales 19.1 mln vs 16.8 mln
+      Avg shrs 4,947,632 vs 3,780,543
+  
+
diff --git a/reuters/training/6556 b/reuters/training/6556
new file mode 100644
index 0000000000000000000000000000000000000000..68c0dbf6800155bdb51edeb07f774ae00824437a
--- /dev/null
+++ b/reuters/training/6556
@@ -0,0 +1,11 @@
+CHEMCLEAR INC <CMCL> TERMINATES MERGER TALKS
+  ChemClear Inc said it terminated
+  merger talks with Environmental Systems Co <ESC>.
+      ChemClear said it was unable to reach agreement with
+  Environmental, which was considering buying ChemClear.
+      ChemClear said it is considering other options, including
+  other business combinations and financing through commercial
+  lending and other financial institutions for internal
+  expansion.
+  
+
diff --git a/reuters/training/6557 b/reuters/training/6557
new file mode 100644
index 0000000000000000000000000000000000000000..fff996be6e80bb5d12f4c733efa6a4f9168c199d
--- /dev/null
+++ b/reuters/training/6557
@@ -0,0 +1,25 @@
+HANDY AND HARMAN SEES SUFFICIENT SILVER SUPPLIES
+  World stocks of silver are large
+  enough to accommodate any changes in the supply-demand equation
+  this year, with industrial consumption expected to again exceed
+  mine production, the dealer house Handy and Harman said in its
+  annual review of the silver market.
+      The house estimated that the industry last year withdrew
+  20,000,000 ounces of silver from stocks to bridge a supply
+  deficit caused by a consumption rate of 403,000,000 ounces and
+  production level of 382,000,000 ounces.
+      However, world stocks are huge, totaling 2,267,900,000
+  ounces at the end of 1986, it said.
+      The review noted that world industrial consumption has been
+  on an uptrend since 1980, although offtake is still 14 pct
+  below the 1978 level of 442,000,000 ounces.
+      Handy and Harman said 22,800,000 ounces of silver were used
+  to produce coins last year, up from 12,700,000 ounces in 1985,
+  with the demand getting a big boost from the production of U.S.
+  coins, including the American Eagle.
+      It also said that in recent years Communist countries have
+  increased their silver imports and estimated that China and
+  East Germany alone took in 70,000,000 ounces of foreign silver
+  in the last five years.
+  
+
diff --git a/reuters/training/6559 b/reuters/training/6559
new file mode 100644
index 0000000000000000000000000000000000000000..1837024dbc8ced5b5276524fa479ebb767c8aa05
--- /dev/null
+++ b/reuters/training/6559
@@ -0,0 +1,13 @@
+VISTA CHEMICAL <VC> SEES YEAR NET HIGHER
+  Vista Chemical co said it expects
+  earnings for the year ending September 30 to be up
+  substantially, but extensive planned downtime at two of its
+  plants is expected to affect third quarter results.
+      It said it is looking at a number of financial options for
+  increasing shareholder value but did not elaborate.
+      The company earned 30.2 mln dlrs or 1.66 dlrs per share
+  before an extraordinary item in fiscal 1986.
+      Vista said sales for the year are expected to be
+  "comparable" to fiscal 1986's 550.1 mln dlrs.
+  
+
diff --git a/reuters/training/6561 b/reuters/training/6561
new file mode 100644
index 0000000000000000000000000000000000000000..18947f51e2720a8cc405a07e9ef74870da7d0949
--- /dev/null
+++ b/reuters/training/6561
@@ -0,0 +1,23 @@
+ARISTECH <ARS> TO INCREASE PRODUCTION CAPACITY
+  Aristech Chemical Corp said it plans
+  to increase production capacity for three of its key product
+  lines: polypropylene, bisphenol-A and phenol.
+      Aristech said the polypropylene expansion involves a major
+  modernization of its Neal, W. Va., polypropylene plant.
+      When completed, Aristech said, the project would increase
+  the plant's annual production to 264 mln pounds from 165 mln
+  pounds now.
+      Aristech said the expansion will increase the company's
+  total polypropylene, a thermoplastic resin, capacity to 600 mln
+  pounds annually from 515 mln pounds now.
+      Aristech also said it will expand bisphenol-A and phenol
+  production at its Haverhill, Ohio plant.
+      It said the project will raise its bisphenol-A, which is
+  used to make polycarbonate and epoxy reins, capacity to 192 mln
+  pounds per year from 165 mln pounds now.
+      Aristech added that phenol production will increase to 610
+  mln pounds per year from 585 mln pounds a year now.
+      Phenol is used to make phenolic resins and adhesives for
+  engineering plastics, the company said.
+  
+
diff --git a/reuters/training/6562 b/reuters/training/6562
new file mode 100644
index 0000000000000000000000000000000000000000..db8a789e76642ce3429409fb1ca8e3248e3d8b54
--- /dev/null
+++ b/reuters/training/6562
@@ -0,0 +1,17 @@
+CAMCO SIGNS LETTER OF INTENT FOR REED TOOL
+  Pearson Plc <PSON.L> said <Camco Inc>,
+  its 65.4 pct owned U.S. Oil and oil services subsidiary, signed
+  a letter of intent covering Camco's purchase from Baker
+  International Corp <BKO.N> of substantially all the business of
+  <Reed Tool Co>.
+      Reed, a leading manufacturer of drilling bits, had sales
+  for 1986 of around 76 mln dlrs.
+      The transaction is subject to negotiation of a definitive
+  agreement approved by the Baker and Camco boards and by the
+  U.S. Department of Justice, with which talks are already taking
+  place concerning the combination of Baker and Hughes Tool.
+      Baker International has proposed a merger with Hughes Tool
+  which could create a 1.2 billion dlr oilfield services company.
+      Pearson shares were down 4p to 567 after the announcement.
+  
+
diff --git a/reuters/training/6568 b/reuters/training/6568
new file mode 100644
index 0000000000000000000000000000000000000000..612809d1ec1729121bf4e9d42a009b26bf709c79
--- /dev/null
+++ b/reuters/training/6568
@@ -0,0 +1,7 @@
+FIRST CONNECTICUT <FCO> SETS QUARTERLY PAYOUT
+  Qtly div 25 cts vs 25 cts prior
+      Pay April 24
+      Record April Three
+      NOTE: First Connecticut Small Business Investment Co.
+  
+
diff --git a/reuters/training/6572 b/reuters/training/6572
new file mode 100644
index 0000000000000000000000000000000000000000..8356d33d582833dde4b47fd8100503108a7493f1
--- /dev/null
+++ b/reuters/training/6572
@@ -0,0 +1,6 @@
+STONE AND WEBSTER INC <SW> SETS QUARTERLY
+  Qtly div 40 cts vs 40 cts prior
+      Pay May 15
+      Record April One
+  
+
diff --git a/reuters/training/6573 b/reuters/training/6573
new file mode 100644
index 0000000000000000000000000000000000000000..98b05277584139cf7ed4d3bac6e1ce50e99e6cae
--- /dev/null
+++ b/reuters/training/6573
@@ -0,0 +1,8 @@
+CREDO PETROLEUM CORP <CRED> 1ST QTR JAN 31 NET
+  Shr profit one ct vs loss 27 cts
+      Net profit 22,000 vs loss 763,000
+      Revs 161,000 vs 316,000
+      NOTE: Prior year net includes 1,209,000 dlr writedown of
+  oil properites and 314,000 dlr tax credit.
+  
+
diff --git a/reuters/training/6575 b/reuters/training/6575
new file mode 100644
index 0000000000000000000000000000000000000000..214d0f84994015fdbb8a18a5a42a59807c4e0e67
--- /dev/null
+++ b/reuters/training/6575
@@ -0,0 +1,6 @@
+ATT <T> SETS PAYOUT FOR REGULAR DIVIDEND
+  Qtrly div 30 cts vs 30 cts prior
+      Pay May One
+      Record March 31
+  
+
diff --git a/reuters/training/6576 b/reuters/training/6576
new file mode 100644
index 0000000000000000000000000000000000000000..eb160db75004782dfe68bf9f6e577832e4255d38
--- /dev/null
+++ b/reuters/training/6576
@@ -0,0 +1,33 @@
+GULF ARAB STATES MOVE TOWARDS ECONOMIC INTEGRATION
+  Finance and economy ministers of the
+  six-nation Gulf Cooperation Council (GCC) have ended talks
+  after adopting resolutions and recommendations aimed at
+  boosting economic integration.
+      But the ministers from Bahrain, Kuwait, Oman, Qatar, Saudi
+  Arabia and the United Arab Emirates (UAE) did not endorse a
+  resolution on a common currency exchange rate system.
+      The UAE's Minister of State for Finance and Industry, Ahmed
+  Humaid al-Tayer, told reporters after the two-day talks that
+  the ministers referred the issue back to GCC central bank
+  governors for further discussion.
+      He said the governors, who agreed in January on a proposed
+  denominator on which the six currencies should be based, were
+  asked to resubmit the recommendation before July, when finance
+  ministers were due to meet in Saudi Arabia.
+      Bankers said the central bank governors would meet soon to
+  discuss the issue, adding there was a possibility that a new
+  system could be submitted for final approval to a GCC summit
+  conference scheduled to be held in Saudi Arabia late this year.
+      The denominator approved by the governors has not been made
+  public, but banking sources said it could be similar to the
+  European Monetary System (EMS).
+      Tayer said the ministers agreed in principle to allow GCC
+  citizens to set up businesses and work in any member state.
+  They also agreed in principle on a recommendation for citizens
+  to buy and own shares of GCC shareholding firms.
+      He said the ministers discussed a report on imported goods
+  containing radiation caused by last year's Chernobyl nuclear
+  disaster in the Soviet Union, and agreed all products with
+  excessive levels should be returned to the country of origin.
+  
+
diff --git a/reuters/training/6577 b/reuters/training/6577
new file mode 100644
index 0000000000000000000000000000000000000000..c2e7b1392d075ebac2163d8fe8379d7d4d8288f8
--- /dev/null
+++ b/reuters/training/6577
@@ -0,0 +1,8 @@
+HARTFORD STEAM <HBOL> SETS SPLIT, DIVIDEND HIKE
+  Hartford Steam Boiler
+  Inspection and Insurance Co said its board declared a
+  two-for-one stock split and raised the quarterly dividend to 25
+  cts postsplit from 20 cts, both payable April 30 to holders of
+  record April 10.
+  
+
diff --git a/reuters/training/6578 b/reuters/training/6578
new file mode 100644
index 0000000000000000000000000000000000000000..fd3d0d55e04004910cc583ba7f9420d6248bd765
--- /dev/null
+++ b/reuters/training/6578
@@ -0,0 +1,16 @@
+DOE SECRETARY FAVORS HIGHER SPR FILL RATE
+  Energy Secretary John Herrington
+  said he believes the Reagan Administration will review its
+  decision to cut the fill rate of the Strategic Petroleum
+  Reserve because of a department report issued yesterday warning
+  of growing U.S. dependence on oil imports.
+      "As part of this study, I think the Administration will
+  take the fill rate under review," Herrington said at a House
+  Energy subcommittee hearing.
+      The Administration has proposed cutting the fill rate from
+  75,000 barrels of oil per day to 35,000 bpd in fiscal year 1988
+  to save money.
+      "My personal feeling is that is too low. I favor the
+  maximum fill rate (of 100,000 bpd)," Herrington said.
+  
+
diff --git a/reuters/training/6581 b/reuters/training/6581
new file mode 100644
index 0000000000000000000000000000000000000000..8f2dc64973cde695535a0bcb23fec6090598c993
--- /dev/null
+++ b/reuters/training/6581
@@ -0,0 +1,34 @@
+CONT'L ILLINOIS <CIL> SEES IMPACT FROM TAX REFORM
+  The Tax Reform Act of 1986 will have a
+  substantial impact on Continental Illinois Corp, the company's
+  annual report says.
+      One provision repeals the reserve method of providing for
+  bad debts for banks with over 500 mln dlrs in assets and
+  requires that tax loan loss reserves taken in the past, be
+  restored to current earnings status, it said.
+      As a result, those amounts will be subject to federal
+  taxes, it said. No amounts were disclosed.
+      Continental said it decided to deal with this change "in
+  its entirety" in 1987.
+      Tax reform will also change foreign tax credit limitation
+  rules, and although the impact will not be material in the
+  short term, the Act will require, for the first time, that
+  income from certain foreign subsidiaries be taxable, the report
+  said.
+      The new legislation also reduces existing tax credits by
+  17.5 pct in 1987 and 35 pct in 1988 and later years, it said.
+      Continental's investment tax credits carryforwards of 12.8
+  mln dlrs at 1986 year end will be reduced to 10.6 mln dlrs in
+  1987 and, if not used in 1987, to 8.3 mln dlrs in 1988, it
+  said.
+      Another provision of the Act could result in limiting the
+  use of tax credits if a change in ownership of Continental
+  takes place, the report said.
+      This could happen if the Federal Deposit Insurance Corp
+  sells enough shares of Continental's common stock over the next
+  two years to cause a change in ownership, it noted.
+      In December, the FDIC sold about one-third of its junior
+  convertible preference stock in Continental to the public in
+  the form of common stock.
+  
+
diff --git a/reuters/training/6583 b/reuters/training/6583
new file mode 100644
index 0000000000000000000000000000000000000000..fc055564c002b053501e4c51e9c7ff57f5a500b2
--- /dev/null
+++ b/reuters/training/6583
@@ -0,0 +1,11 @@
+OESTERREICHISCHE LAENDERBANK AG [OLBV.VI] 1986
+  Parent bank net profit 181.5 mln schillings vs 135.1 mln
+      Parent bank balance sheet total 197.7 billion vs 182.2
+  billion
+      Parent bank cash flow 877.4 mln vs 715.5 mln
+      Dividend 12 pct vs 10 pct on nominal share capital of 1.5
+  billion vs 1.35 billion.
+      Cons banking gp balance sheet total 239.7 billion vs 227.3
+  billion.
+  
+
diff --git a/reuters/training/6584 b/reuters/training/6584
new file mode 100644
index 0000000000000000000000000000000000000000..dfe0629ced2309090e848a8da2cb924e5a08ccb4
--- /dev/null
+++ b/reuters/training/6584
@@ -0,0 +1,5 @@
+NL INDUSTRIES INC 4TH QTR SHR LOSS 28 CTS VS PROFIT SEVEN CTS
+
+  NL INDUSTRIES INC 4TH QTR SHR LOSS 28 CTS VS PROFIT SEVEN CTS
+  
+
diff --git a/reuters/training/6585 b/reuters/training/6585
new file mode 100644
index 0000000000000000000000000000000000000000..15175df082afdb32fe37918a6ce72d8aa282ab7e
--- /dev/null
+++ b/reuters/training/6585
@@ -0,0 +1,17 @@
+EC OILS TAX, CANADA CORN RULING OPPOSED BY PANEL
+  The U.S. Senate Finance Committee
+  approved nonbinding resolutions urging the Reagan
+  administration oppose Canada's ruling on U.S corn imports and a
+  proposed new European Community tax on vegetable oils.
+      The resolutions, approved by voice vote, now will be sent
+  to the Senate floor were they are expected to be approved.
+      The EC oils measure, offered by Sen. John Danforth, R-Mo.,
+  urges the administration to take strong retaliatory measures if
+  the tax is approved by the EC Council of Ministers.
+      Sen. David Durenberger, R-Minn., offered the corn amendment
+  which urges the administration to file a complaint with the
+  GATT if the U.S. believes the corn decision by Canada was
+  unjustified. Canada recently imposed a permanent duty of 85
+  cents per bushel on U.S. corn imports.
+  
+
diff --git a/reuters/training/6586 b/reuters/training/6586
new file mode 100644
index 0000000000000000000000000000000000000000..49508743fad248cc41cfde258555df95b4d7604f
--- /dev/null
+++ b/reuters/training/6586
@@ -0,0 +1,13 @@
+FHLMC <FREPR> 4TH QTR NET
+  net 65 mln vs 57 mln
+      year
+      shr preferred 14.87 dlrs vs 12.51 dlrs
+      shr common 236.77 dlrs vs 197.40 dlrs
+      net 247 mln vs 208 mln
+      NOTE: Federal Home Loan Mortgage Corp. FHLMC had 14,998,210
+  preferred shares outstanding in 1986 vs 14,998,379 in 1985,
+  owned by about 3,000 member institutions of the 12 Federal Home
+  Loan Banks. FHLMC also has 100,000 shares of common, owned by
+  the Home Loan Banks.
+  
+
diff --git a/reuters/training/6588 b/reuters/training/6588
new file mode 100644
index 0000000000000000000000000000000000000000..accb65cfe6937f1fc0caa70e40885c0b1098c5a1
--- /dev/null
+++ b/reuters/training/6588
@@ -0,0 +1,55 @@
+U.S. CORN MARKET SKEWED BY SOVIET BUYING
+  Recent purchases of U.S. corn by the
+  Soviet Union have skewed the domestic cash market by increasing
+  the price difference between the premium price paid at the Gulf
+  export point and interior levels, cash grain dealers said.
+      Many dealers expect the USDA will act soon to reduce the
+  cash price premium at the Gulf versus the interior -- which a
+  dealer in Davenport, Iowa, said was roughly 20 pct wider than
+  normal for this time of year at 25 cents a bushel -- by making
+  it worthwhile for farmers to move grain.
+      By lowering ASCS county posted prices for corn, the USDA
+  could encourage farmers to engage in PIK and roll corn sales,
+  where PIK certificates are used to redeem corn stored under the
+  government price support loan program and then marketed.
+      If the USDA acts soon, as many dealers expect, the movement
+  would break the Gulf corn basis.
+      "The USDA has been using the Gulf price to determine county
+  posted prices," one dealer said. "It should be taking the
+  average of the Gulf price and the price in Kansas City," which
+  would more closely reflect the lower prices in the interior
+  Midwest.
+      "But we don't know when they might do it," an Ohio dealer
+  said, which has created uncertainty in the market.
+      The USDA started the PIK certificate program in an effort
+  to free up surplus grain that otherwise would be forfeited to
+  the government and remain off the market and in storage.
+      Yesterday, USDA issued a report showing that only slightly
+  more than 50 pct of the 3.85 billion dlrs in PIK certificates
+  it has issued to farmers (in lieu of cash payments) had to date
+  been exchanged for grain.
+      With several billion dlrs worth of additional PIK
+  certificates scheduled to be issued in the coming months, the
+  USDA would be well advised to encourage the exchange for grain
+  by adjusting the ASCS prices, cash grain dealers said.
+      A byproduct of the Soviet buying has been a sharp rise in
+  barge freight costs quoted for carrying grain from the Midwest
+  to the export terminals, cash dealers said.
+      Freight from upper areas of the Mississippi have risen
+  nearly 50 pct in the past two weeks to over 150 pct of the
+  original tariff price. The mild winter and early reopening of
+  the mid-Mississippi river this spring have also encouraged the
+  firmer trend in barge freight, dealers noted.
+      The higher transportation costs have served to depress
+  interior corn basis levels, squeezing the margins obtained by
+  the elevators feeding the Gulf export market as well as
+  discouraging farmer marketings, they said.
+      "The Gulf market overreacted to the Soviet buying reports,"
+  which indicate the USSR has booked over two and perhaps as much
+  as 4.0 mln tonnes of U.S. corn, one Midwest cash grain trader
+  said.
+      But dealers anticipate that once the rumors subside,
+  freight rates will settle back down because of the overall
+  surplus of barges on the Midwest river system.
+  
+
diff --git a/reuters/training/6590 b/reuters/training/6590
new file mode 100644
index 0000000000000000000000000000000000000000..8ad33e42dae6e4e83782dd8c33bf4e9f0068ce12
--- /dev/null
+++ b/reuters/training/6590
@@ -0,0 +1,12 @@
+HRE PROPERTIES <HRE> CUTS QUARTERLY
+  HRE Properties said its board cut the
+  quarterly dividend to 45 cts per share from 57 cts, payable
+  April 20 to holders of record March 31.
+      HRE said the board reduced the dividend due to the
+  continuing impact of overbuilding in its office building
+  markets and its inability to replace the income from high
+  yielding investments that have matured.
+      HRE said in the first quarter ended January 31 it earned 38
+  cts per share, down from 47 cts a year before.
+  
+
diff --git a/reuters/training/6591 b/reuters/training/6591
new file mode 100644
index 0000000000000000000000000000000000000000..db2a35619e1bfb7d5543cbf281f37ed0274f46df
--- /dev/null
+++ b/reuters/training/6591
@@ -0,0 +1,20 @@
+HORN AND HARDART CO <HOR> 4TH QTR NET
+  Shr 1.27 dlrs vs two cts
+      Net 18.8 mln vs 357,000
+      Revs 126.0 mln vs 98.5 mln
+      Avg shrs 14.7 mln vs 12.0 mln
+      Year
+      Shr loss 2.17 dlrs vs loss 65 cts
+      Net loss 28.4 mln vs loss 7,225,000
+      Revs 405.0 mln vs 356.2 mln
+      Avg shrs 13.1 mln vs 12.2 mln
+      NOTE: 1986 net both periods includes 15.0 mln dlr gain from
+  sale of real estate.
+      1986 year net includes charge 34.0 mln dlrs from
+  restructuring of Bojangles' restaurant unit and charge
+  4,090,000 dlrs from exchange of notes for common stock.
+      1985 year net includes charge 6,900,000 dlrs related to
+  foodservice unit and gain 2,400,000 dlrs from sale of
+  marketable securities.
+  
+
diff --git a/reuters/training/6592 b/reuters/training/6592
new file mode 100644
index 0000000000000000000000000000000000000000..ecbcea5e2d023729701ed05ebe1524bd9d551f8b
--- /dev/null
+++ b/reuters/training/6592
@@ -0,0 +1,29 @@
+NL INDUSTRIES INC <NL> 4TH QTR DEC 31 LOSS
+  Shr loss 28 cts vs profit seven cts
+      Net loss 10.7 mln vs profit 5,188,000
+      Sales 119.3 mln vs 216.1 mln
+      Year
+      Shr loss 5.80 dlrs vs profit 30 cts
+      Net loss 324.2 mln vs profit 21.5 mln
+      Sales 549.3 mln vs 859.1 mln
+      NOTE: Share after preferred dividends.
+      NOTE: In July 1986, company set a dividend on Series C
+  preferred, effecting a spin-off of its chemical operations.
+  They unit has been accounted for as a discontinued operation.
+      Fourth quarter and full year 1986 reflect non-recurring
+  charges from change in control at company. Fourth quarter 1986
+  also reflects writeoff of 20.7 mln dlrs of goodwill.
+      Full year 1986 includes a charge of 224.6 mln dlrs taken in
+  the second quarter for asset revaluation and restructuring
+  costs.
+      In fourth quarter 1986, reversion of pension plan surplus
+  assets completed. Fourth quarter and full year 1986 includes
+  net income of 81.5 mln dlrs or 1.34 dlrs a share.
+      Company also gained 2.4 mln dlrs or four cts a share in
+  fourth quarter 1986, and 15.9 mln dlrs or 26 cts a share in
+  full year 1986, from adoption of accounting rule SFAS 87.
+      In fourth quarter 1986, company also adjusted carrying
+  value of non-chemicals discontinued operations assets leading
+  to charge of 15.6 mln dlrs.
+  
+
diff --git a/reuters/training/6593 b/reuters/training/6593
new file mode 100644
index 0000000000000000000000000000000000000000..421d3b376f623b9c44b0d2228d1cee4daa15d76f
--- /dev/null
+++ b/reuters/training/6593
@@ -0,0 +1,39 @@
+GERMAN RESEARCH INSTITUTE LOWERS GROWTH FORECAST
+  The DIW economic research institute
+  said West German economic growth in 1987 is unlikely to reach
+  the 1.5 pct rate it had forecast earlier this year.
+      The institute, whose forecasts are more pessimistic than
+  those of the other four leading German institutes, said the
+  economy had passed its peak in the summer of 1986, and its
+  prospects had dimmed significantly since the autumn.
+      The DIW repeated earlier predictions that gross national
+  product (GNP) in the first quarter of 1987 would contract in
+  real, seasonally adjusted terms against the weak final quarter
+  of last year. 
+      The DIW said that even if the economy recovers in the
+  remaining three quarters, it was unlikely that demand and
+  production would rise strongly enough to bring GNP growth up to
+  1.5 pct.
+      Other institutes and economists have recently revised their
+  forecasts for German 1987 growth to around two pct.
+      In a report DIW disputed arguments by other economists that
+  the economy was showing mixed development, with domestic demand
+  healthy but foreign demand weak.
+      DIW said the crucial split was between weak demand for
+  capital goods, and strong demand for buildings and consumer
+  goods, not between foreign and domestic demand.
+      It noted that domestic demand for capital goods had been
+  hit in recent months by the weakness of exports, which had
+  caused West German firms to scale back investment plans.
+      Service industries, unlike manufacturing industry, were
+  continuing to do well because they relied on consumer demand,
+  it said.
+      In a separate report the HWWA economic research institute
+  in Hamburg said West Germany's real trade surplus would fall
+  markedly this year.
+      However, the nominal trade surplus would show little change
+  from 1986's record 112.2 billion marks because of a further
+  improvement in the terms of trade on average in 1987 compared
+  with 1986, it said.
+  
+
diff --git a/reuters/training/6594 b/reuters/training/6594
new file mode 100644
index 0000000000000000000000000000000000000000..6db6cebbc6a991dfdb911d83a879c98d69e2192f
--- /dev/null
+++ b/reuters/training/6594
@@ -0,0 +1,16 @@
+(CORRECTED) - UNIVERSITY PATENTS INC<UPT> 2ND QTR
+  Qtr ends Jan 31
+      Oper shr loss 24 cts vs loss 19 cts
+      Oper loss 1,096,332 vs loss 794,711
+      Revs 803,085 vs 442,420
+      Six mths
+      Oper shr loss 53 cts vs loss 43 cts
+      Oper loss 2,375,844 vs loss 1,741,437
+      Revs 1,471,257 vs 768,683
+      NOTE: Prior year excludes losses from discontinued
+  operations of 13 cts per share in the quarter and 17 cts per
+  share in the year. (Corrects March 17 item to show losses
+  instead of profits. Also corrects quarter loss from
+  discontinued operations.)
+  
+
diff --git a/reuters/training/6595 b/reuters/training/6595
new file mode 100644
index 0000000000000000000000000000000000000000..896c051701b7c7598d63557966980c4daa7b235b
--- /dev/null
+++ b/reuters/training/6595
@@ -0,0 +1,17 @@
+N.Y. TRADERS SAY LATIN COFFEE PRODUCERS TO MEET
+  Several traders and analysts here told
+  Reuters Latin American coffee producers will meet this weekend
+  in Managua, Nicaragua. The purpose, they said, is to review the
+  breakdown of International Coffee Organization quota talks last
+  month and try to formulate a unified position ahead of possible
+  future negotiations.
+      Two traders, who asked not to be named, said separately
+  Brazil is expected to attend the meeting along with most or all
+  of the Central American producers. The Central American
+  attendees would include Costa Rica and Honduras, who were part
+  of a minority producer group at the February talks that opposed
+  Brazil's position, they said.
+      Another source, also requesting anonymity, said Colombia
+  probably will not attend.
+  
+
diff --git a/reuters/training/6596 b/reuters/training/6596
new file mode 100644
index 0000000000000000000000000000000000000000..1ac4f6bfe91de07f04a0be03db7d7b4b704dcc1f
--- /dev/null
+++ b/reuters/training/6596
@@ -0,0 +1,12 @@
+PERU HAS FIRST TRADE DEFICIT IN FOUR YEARS
+  Peru registered a 16 mln dlr trade deficit
+  in 1986, its first trade shortfall in four years, a central
+  bank statement said.
+      The figure compared with a surpluses of 1.17 billion dlrs
+  in 1985, 1.01 billion in 1984 and 293 mln in 1983. The last
+  trade deficit was a 428 mln shortfall in 1982.
+      Peru's exports fell to 2.51 billion dlrs last year from
+  2.98 billion in 1985. Last year's imports were 2.53 billion
+  dlrs against 1.81 billion dlrs in 1985.
+  
+
diff --git a/reuters/training/6597 b/reuters/training/6597
new file mode 100644
index 0000000000000000000000000000000000000000..4f07269e528e5c1f424b23432a93ddb9d32298aa
--- /dev/null
+++ b/reuters/training/6597
@@ -0,0 +1,8 @@
+CRAFTMATIC/CONTOUR <CRCC> SEES HIGHER PROFITS
+  Craftmatic/Contour Industries Inc
+  said it would report substantial profits for the first quarter
+  of fiscal 1987 ending March 31.
+      The company recorded net income of 732,000 dlrs, or 22 cts
+  per share, on revenues of 10.2 mln dlrs.
+  
+
diff --git a/reuters/training/6598 b/reuters/training/6598
new file mode 100644
index 0000000000000000000000000000000000000000..c492e2b8d8afa00bda0531befa0b5ee1a6ce7e03
--- /dev/null
+++ b/reuters/training/6598
@@ -0,0 +1,19 @@
+U.S. OIL TAX BREAK PROPOSAL TO BE EXAMINED
+  The White House said a proposal for
+  a tax break for the oil industry would undergo review.
+      Spokesman Marlin Fitzwater said President Reagan had no
+  position on recommendations submitted by Energy Secretary John
+  Herrington to encourage investment in the hard hit domestic oil
+  industry.
+      But Fitzwater noted that Reagan did have a fundamental
+  objection to tax rises and special tax breaks.
+      He said that even though Herrington's recommendation did
+  not agree with existing policy, "We'll take a look at it."
+      The review will be undertaken by the president's Domestic
+  Policy Council.
+      Herrington's proposal was reported by the Washington Post
+  to have been made in a letter to Reagan submitting a study that
+  found the United States would be importing half of its oil by
+  the 1990s, threatening U.S. national security.
+  
+
diff --git a/reuters/training/66 b/reuters/training/66
new file mode 100644
index 0000000000000000000000000000000000000000..b08ad27135f6fb8746439e0021278730ea19b863
--- /dev/null
+++ b/reuters/training/66
@@ -0,0 +1,16 @@
+POTOMAC ELECTRIC POWER CO <POM> JAN NET
+  Shr 27 cts vs 29 cts
+      Net 13,555,000 vs 14,635,000
+      Revs 104,606,000 vs 110,311,000
+      Avg shrs 47.2 mln vs 47.1 mln
+      12 mths
+      Shr 4.10 dlrs vs 3.66 dlrs
+      Net 226,653,000 vs 186,790,000
+      Revs 1.4 billion vs 1.3 billion
+      Avg shr 47.1 mln vs 47.1 mln
+     
+      NOTE: latest 12 mths net includes gain 46 cts per share for
+  sale of Virginia service territory to Dominion Resources Inc
+  <D>.
+  
+
diff --git a/reuters/training/6601 b/reuters/training/6601
new file mode 100644
index 0000000000000000000000000000000000000000..79e372f57472b6c1c202d461a5b9a070c901f984
--- /dev/null
+++ b/reuters/training/6601
@@ -0,0 +1,12 @@
+WESTERN SAVINGS AND LOAN <WSL> 4TH QTR LOSS
+  Shr loss 48 cts vs profit 77 cts
+      Net loss 3,923,000 vs profit 11,551,000
+      Year
+      Shr profit 1.80 dlrs vs profit 2.32 dlrs
+      Net profit 30,171,000 vs profit 36,667,000
+      Loans 3.38 billion vs 3.17 billion
+      Deposits 3.81 billion vs 3.28 billion
+      Assets 5.55 billion vs 4.78 billion
+      Note: Full name Western Savings and Loan Association.
+  
+
diff --git a/reuters/training/6603 b/reuters/training/6603
new file mode 100644
index 0000000000000000000000000000000000000000..d5db7bf75576358704660997261bdde56d281872
--- /dev/null
+++ b/reuters/training/6603
@@ -0,0 +1,67 @@
+FRANCE ANNOUNCES PLAN TO BOOST EMPLOYMENT
+  The government announced a three billion
+  franc program to combat long-term unemployment amid speculation
+  among political and economic analysts that it is positioning
+  itself for a period of economic reflation.
+      The package presented to the cabinet of Prime Minister
+  Jacques Chirac by Social Affairs and Labour Minister Philippe
+  Seguin today is to be financed out of a 7.5 billion franc
+  contingency fund announced on February 25.
+      Finance Minister Edouard Balladur previously ruled out a
+  reflationary program.
+      Long-term unemployment, defined as being out of work for
+  more than one year, affects about 830,000 people or one third
+  of French unemployed, government figures show.
+      The main measures of the employment program give employers
+  financial incentives to offer short-term work contracts of at
+  least two years and stress retraining to help the long-term
+  unemployed return to the labour market.
+      Training subsidies and exemptions from social security
+  contributions are the main incentives for employers.
+      "Companies tell us that we have to give them a strong
+  incentive to take on people who have fallen out of the labour
+  market and that's why the proposals...Are costly," an aide to
+  Seguin said.
+      The analysts said speculation the government is considering
+  a reflationary program was sparked by Chirac spokesman Denis
+  Baudouin, who said yesterday that ministers were generally
+  agreed on the desirability of relaunching the economy.
+      He appeared to contradict statements by Balladur ruling out
+  economic stimulation despite the government's revision of its
+  1987 growth forecast to about 2.0 pct from 2.8.
+      Finance ministry officials later clarified Baudouin's
+  remarks, saying there was no question of any move to stimulate
+  the economy through a boost to consumer spending although
+  government policy allowed for increased industrial investment
+  from the proceeds of France's five-year privatisation plan.
+      The 1987 budget allowed for 30 billion francs in revenue
+  from privatisation, to be split between repaying national debt
+  and providing state enterprises with fresh capital.
+      Some political analysts said Baudouin's comments possibly
+  reflect widening differences within the RPR-UDF coalition on
+  social issues ahead of next year's presidential elections.
+       Divisions began to show last December, when a wave of
+  strikes led by transport workers paralysed the country and
+  drove the government into a new mood of conciliation with
+  labour.
+       Officials said that after the success of the privatisation
+  of Cie de Saint Gobain <SGEP.PA> and Cie Financiere de Paribas
+  <PARI.PA> the government had decided to speed up its five-year
+  privatisation program with the aim of completing a third of it
+  this year, ahead of the presidential elections expected in
+  1988.
+      The accelerated program could provide additional unbudgeted
+  revenue to boost industrial and research investment and
+  spending on infrastructure such as the national motorway
+  network.
+     The government also today revived a proposal, blocked last
+  year by Socialist president Francois Mitterrand, to encourage
+  more flexible working hours, which it says will boost jobs by
+  improving the competitiveness of French industry.
+      The proposals allowing night-shift work by women and
+  variations in the standard 39-hour working week are to be put
+  to parliament as a self-contained draft bill after being vetoed
+  for procedural reasons by Mitterrand and later the Council of
+  State.
+  
+
diff --git a/reuters/training/6604 b/reuters/training/6604
new file mode 100644
index 0000000000000000000000000000000000000000..3b8adf438d0ed26127a6049eacab2c83c322d612
--- /dev/null
+++ b/reuters/training/6604
@@ -0,0 +1,12 @@
+AIR CANADA TO ACQUIRE CALGARY COURIER COMPANY
+  Air Canada, the state-owned airline,
+  said it signed a letter of intent to acquire 65 pct of EMS
+  Corp, a Calgary-based messenger service which operates in
+  Western Canada and the U.S..
+      Gelco Corp (GEL) earlier said Air Canada agreed to buy its
+  Canadian Gelco Express Ltd unit for 54 mln U.S. dlrs.
+      Air Canada said the acquisitions will complement its main
+  cargo business. It said it expects the courier market to grow
+  by about 25 to 30 pct a year.
+  
+
diff --git a/reuters/training/6606 b/reuters/training/6606
new file mode 100644
index 0000000000000000000000000000000000000000..3ff126420d5735a9f9dd8768c8ca5192d98016d5
--- /dev/null
+++ b/reuters/training/6606
@@ -0,0 +1,40 @@
+U.S ENERGY SECRETARY PROPOSES OIL TAX INCENTIVES
+  Energy Secretary John Herrington
+  said he will propose tax incentives to increase domestic oil
+  and natural gas exploration and production to the Reagan
+  Administration for consideration.
+      "These options boost production, while avoiding the huge
+  costs associated with proposals like an oil import fee,"
+  Herrington told a House Energy subcommittee hearing. "It is my
+  intention to submit these proposals to the domestic policy
+  council and the cabinet for consideration and review."
+      He said proposals, including an increase in the oil
+  depletion allowance and repeal of the windfall profits tax,
+  should be revenue neutral and promote domestic production at
+  the least cost to the economy and the taxpayers.
+      "The goal of the Administration policies is to increase
+  domestic production. I would like to shoot for one mln barrels
+  a year."
+      The proposals were based on a DOE study released yesterday
+  warning the United States was threatened by a growing
+  dependence on oil imports.
+      "We project free world dependence on Persian Gulf oil at 65
+  pct by 1995," Herrington said.
+      He said it was too soon to say what the Administration
+  policy on oil tax incentives would be and indicated there would
+  be opposition to tax changes.
+      "Of course, to move forward with these kinds of options
+  would require reopening tax issues settled last year (in the
+  tax reform bill) -- an approach which has not, in general, been
+  favored by the administration. I think what we need is to
+  debate this within the Administration," he said.
+      He said the proposals might raise gasoline prices.
+      Herrington did not specifically confirm a report in today's
+  Washington Post that he had written to President Reagan urging
+  an increase in the oil depletion allowance.
+      Asked about the report by subcommittee members, Herrington
+  said various proposals were under consideration and would be
+  debated within the Administration to determine which would have
+  the most benefits at the least cost.
+  
+
diff --git a/reuters/training/6607 b/reuters/training/6607
new file mode 100644
index 0000000000000000000000000000000000000000..cdb495114b19d6cc75cf04268edb3010a0b99afa
--- /dev/null
+++ b/reuters/training/6607
@@ -0,0 +1,5 @@
+MAY DEPARTMENT STORES CO RAISES DIVIDEND TO 28-1/2 CTS FROM 26 CTS A SHARE
+
+  MAY DEPARTMENT STORES CO RAISES DIVIDEND TO 28-1/2 CTS FROM 26 CTS A SHARE
+  
+
diff --git a/reuters/training/6609 b/reuters/training/6609
new file mode 100644
index 0000000000000000000000000000000000000000..97e70a53bfa014bc2f991513d0a690d76eb788fd
--- /dev/null
+++ b/reuters/training/6609
@@ -0,0 +1,8 @@
+HUNT MANUFACTURING CO <HUN> 1ST QTR NET
+  Ended March 1  
+      Shr 34 cts vs 27 cts
+      Net 2,405,000 vs 1,908,000
+      Revs 33.5 mln vs 32.6 mln
+      Avg shrs 7,114,000 vs 7,075,000
+  
+
diff --git a/reuters/training/6611 b/reuters/training/6611
new file mode 100644
index 0000000000000000000000000000000000000000..df2e7583c66021066b097a017cac59332ade1519
--- /dev/null
+++ b/reuters/training/6611
@@ -0,0 +1,5 @@
+MAY DEPARTMENT STORES CO 4TH QTR SHR 1.38 DLRS VS 1.24 DLRS
+
+  MAY DEPARTMENT STORES CO 4TH QTR SHR 1.38 DLRS VS 1.24 DLRS
+  
+
diff --git a/reuters/training/6612 b/reuters/training/6612
new file mode 100644
index 0000000000000000000000000000000000000000..cfb2f46172f05346c120d7fbcfb5007455cab698
--- /dev/null
+++ b/reuters/training/6612
@@ -0,0 +1,11 @@
+FIRST AMERICAN <FIAMA> SEES GAIN FROM SALE
+  First American Bank and
+  Trust Co said its 88 pct owned Associated Mortgage Investors
+  <AMIMS> subsidiary has sold its New England operations for
+  about 2,100,000 dlrs in cash and 1,300,000 dlrs in stock,
+  resulting in a first quarter gain for First American of about
+  1,200,000 dlrs after tax.
+      The company said the sale will complete Associated's
+  withdrawal from the general contracting business.
+  
+
diff --git a/reuters/training/6616 b/reuters/training/6616
new file mode 100644
index 0000000000000000000000000000000000000000..a7d29f0b4e25b16aa506cdbc0818a184c615f9f4
--- /dev/null
+++ b/reuters/training/6616
@@ -0,0 +1,9 @@
+FINANCIAL SECURITY <FSSLA> TO SELL BRANCH
+  Financial Security Savings
+  and Loan Association said it has agreed to sell its Sunrise,
+  Fla., branch to Fortune Financial Group Inc <FORF> of
+  Clearwater, Fla., for a "substantial profit," subject to
+  regulatory approval.
+      Terms were not disclosed.
+  
+
diff --git a/reuters/training/6619 b/reuters/training/6619
new file mode 100644
index 0000000000000000000000000000000000000000..edfd52118df8428158df2b0f506653b66cb92351
--- /dev/null
+++ b/reuters/training/6619
@@ -0,0 +1,23 @@
+ITALY M-2 UP 2.8 PCT IN 3 MONTHS TO END JANUARY
+  Italian M-2 money supply rose a
+  provisional 2.8 pct, seasonally adjusted, in the three months
+  to end January 1987, the Bank of Italy said.
+      The bank said M-2, which measures notes and coins in
+  circulation plus bank and post office deposit accounts, fell to
+  a provisional 609,457 billion lire in January from a downwards
+  revised but still provisional 615,307 billion in December 1986.
+      The provisional year-on-year rise in January was 10.2 pct,
+  compared with a downward revised and provisional 9.4 pct in
+  December.
+      M-2A, similar to M-2 but excluding certificates of deposit
+  and including proceeds from bank repurchase operations, rose a
+  provisional 2.0 pct, seasonally adjusted, over the three months
+  to end January 1987.
+      The bank said M-2A totalled a provisional 583,806 billion
+  lire at end January against a downwards revised and still
+  provisional 593,827 billion in December 1986.
+      Year-on-year, M-2A increased by a provisional 8.4 pct in
+  January, compared with a downwards revised and provisional 8.1
+  pct in December.
+  
+
diff --git a/reuters/training/6620 b/reuters/training/6620
new file mode 100644
index 0000000000000000000000000000000000000000..4e22dae3af4cf3efb1298053cc9c17bf1629fa94
--- /dev/null
+++ b/reuters/training/6620
@@ -0,0 +1,10 @@
+GOLDEN ENTERPRISES INC <GLDC> 3RD QTR FEB 28 NET
+  Shr 15 cts vs nine cts
+      Net 2,002,261 vs 1,168,638
+      Revs 29.2 mln vs 29.3 mln
+      Nine mths
+      Shr 49 cts vs 36 cts
+      Net 6,404,536 vs 4,623,295
+      Revs 92.2 mln vs 88.2 mln
+  
+
diff --git a/reuters/training/6621 b/reuters/training/6621
new file mode 100644
index 0000000000000000000000000000000000000000..5ba8634011b20125b503edf1cb25b0612594ba77
--- /dev/null
+++ b/reuters/training/6621
@@ -0,0 +1,14 @@
+GERMAN RESEARCH INSTITUTE LOWERS GROWTH FORECAST
+  The DIW economic research institute
+  said West German economic growth in 1987 is unlikely to reach
+  the 1.5 pct rate it had forecast earlier this year.
+      The institute, whose forecasts are more pessimistic than
+  those of the other four leading German institutes, said the
+  economy had passed its peak in the summer of 1986, and its
+  prospects had dimmed significantly since the autumn.
+      The DIW repeated earlier predictions that gross national
+  product (GNP) in the first quarter of 1987 would contract in
+  real, seasonally adjusted terms against the weak final quarter
+  of last year.
+  
+
diff --git a/reuters/training/6622 b/reuters/training/6622
new file mode 100644
index 0000000000000000000000000000000000000000..1c34e94c2c600e73783d4146824f1b0c53f10347
--- /dev/null
+++ b/reuters/training/6622
@@ -0,0 +1,19 @@
+MORRISON KNUDSEN <MRN> SEES YEAR NET FALLING
+  Morrison Knudsen Corp said its
+  earnings for 1987 are likely to be lower than those for 1986
+  due to lower than expected growth in engineering and
+  construction and a previously-predicted decline in earnings of
+  its National Steel and Shipbuilding unit.
+      The company earned 39.4 mln dlrs in 1986, including pretax
+  gains of 11.5 mln dlrs from pension income and 7,400,000 dlrs
+  from the settlement of vested pension obligations, down from
+  41.5 mln dlrs in 1985.
+      It said "Lower than expected levels of new work booked in
+  the last quarter of 1986 and the first two-plus months of this
+  year have delayed the expected growth in the engineering and
+  construction area."  The company said it will remain profitable
+  in 1987 and results should strengthen as the year progresses. 
+  It attributed the decline in new work to more stringent bidding
+  standards and a competitive market.
+  
+
diff --git a/reuters/training/6623 b/reuters/training/6623
new file mode 100644
index 0000000000000000000000000000000000000000..0ab49ca5da764e06196c48f0098138bd093054b4
--- /dev/null
+++ b/reuters/training/6623
@@ -0,0 +1,14 @@
+U.S. EXPORT BONUS POULTRY FEED FOR NORTH YEMEN
+  The Commodity Credit Corporation
+  (CCC) accepted a bid for an export bonus to cover the sale of
+  7,000 tonnes of mixed poultry feed to North Yemen, the U.S.
+  Agriculture Department said.
+      The department said the feed is for delivery during April.
+      As announced earlier the bonus was 90.00 dlrs per tonne,
+  made to The Pillsbury Company and will be paid in the form of
+  commodities from CCC stocks.
+       An additional 143,000 tonnes of mixed poultry feed are
+  still available to North Yemen under the Export Enhancement
+  Program announced April 14, 1986, it said.
+  
+
diff --git a/reuters/training/6626 b/reuters/training/6626
new file mode 100644
index 0000000000000000000000000000000000000000..8bcfc5fc4396ace14fddd3ca086f724f52284113
--- /dev/null
+++ b/reuters/training/6626
@@ -0,0 +1,14 @@
+CCC ACCEPTS EXPORT BONUS BID ON BARLEY TO ISRAEL
+  The Commodity Credit Corporation
+  (CCC) accepted a bid for an export bonus to cover the sale of
+  30,000 long tons of barley to Israel, the U.S. Agriculture
+  Department said.
+      The department said the barley is for delivery April 15/May
+  15 and the bonus awarded was 41.24 dlrs per ton.
+      The bonus was made to Cargill, Inc and will be paid in the
+  form of commodities from CCC stocks.
+       An additional 133,800 tons of U.S. barley are still
+  available to Israel under the Export Enhancement Program
+  announced June 17, 1986, it said.
+  
+
diff --git a/reuters/training/6629 b/reuters/training/6629
new file mode 100644
index 0000000000000000000000000000000000000000..9d23358b1ef9d9241740ece6b2e23573d721ae4e
--- /dev/null
+++ b/reuters/training/6629
@@ -0,0 +1,6 @@
+MAY DEPARTMENT STORES CO <MA> RAISES DIVIDEND
+  Qtly div 28-1/2 cts vs 26 cts previously
+      Pay June 15
+      Record June One
+  
+
diff --git a/reuters/training/6630 b/reuters/training/6630
new file mode 100644
index 0000000000000000000000000000000000000000..888fcbb3cac072464ad47fe3a8339ed81e0b0007
--- /dev/null
+++ b/reuters/training/6630
@@ -0,0 +1,14 @@
+GENCORP <GY> NAMES FINANCIAL ADVISERS
+  GenCorp Inc plans to use First Boston
+  Corp and Kidder, Peabody and Co as financial advisers on a
+  tender offer for the company by General Partners, a GenCorp
+  spokesman said.
+      The spokesman, in response to questions from Reuters, said
+  the company does not yet have a comment on the 100 dlr per
+  share tender offer, launched by the partners today.
+      First Boston and Kidder have been advisers to GenCorp in
+  the past, he said.
+      General Partners is comprised of investors Wagner and Brown
+  and AFG Industries Inc, a glass manufacturer.
+  
+
diff --git a/reuters/training/6632 b/reuters/training/6632
new file mode 100644
index 0000000000000000000000000000000000000000..a8de0e93d758594c556fddf894ac3f8f316e8975
--- /dev/null
+++ b/reuters/training/6632
@@ -0,0 +1,13 @@
+LATIN COFFEE MEETING TO BE HELD IN MANAGUA
+  Representatives from Brazil, Colombia,
+  Mexico and Nicaragua will meet here Friday to discuss the
+  economic impact of falling coffee prices, a Nicaraguan official
+  announced.
+      Vice-minister of foreign trade Bernardo Chamorro said that
+  participating in the meeting will be the heads of the coffee
+  associations from the four countries.
+      He did not say if the meeting would continue beyond friday.
+      Chamorro said Nicaragua supports the establishment of
+  export quotas in an effort to boost sagging world prices.
+  
+
diff --git a/reuters/training/6635 b/reuters/training/6635
new file mode 100644
index 0000000000000000000000000000000000000000..c7a7e6c3b7317895133e52bc3908cf18b2e74885
--- /dev/null
+++ b/reuters/training/6635
@@ -0,0 +1,17 @@
+DCNY CORP <DCY> HIKES QTLY DIVIDEND
+  Discount Corp of New York said its
+  board of directors increased its quarterly cash dividend to 20
+  cts a share from 15 cts a share.
+      DCNY said the dividend is payable April 15, 1987 to
+  shareholders of record April 1 , 1987.
+      Since the last two-for-one stock split in May 1985, the
+  corpoartion has customarily declared 15-cnt-per-share dividends
+  for the first three quarters and a final fourth quarter
+  dividend based on its total earnings for the year.
+      As previously announced, DCNY said its board has also
+  recommended a two-for-one common stock split to shareholders.
+      If the split is approved at the May 13 annual meeting, the
+  quarterly dividend rate will be adjusted to 10 cts a share,
+  DCNY said.
+  
+
diff --git a/reuters/training/6636 b/reuters/training/6636
new file mode 100644
index 0000000000000000000000000000000000000000..83b13d70858b4225265d96575047f350c19913cb
--- /dev/null
+++ b/reuters/training/6636
@@ -0,0 +1,10 @@
+ST. JOSEPH LIGHT <SAJ> SETS SPLIT, HIKES PAYOUT
+  St. Joseph Light and Power Corp
+  said its board declared a three-for-two stock split and raised
+  the quarterly dividend on presplit shares to 49 cts per share
+  from 47 cts.
+      The company said the dividend is payable May 18 to holders
+  of record May 4 and the split is subject to approval by
+  shareholders at the May 20 annual meeting.
+  
+
diff --git a/reuters/training/6637 b/reuters/training/6637
new file mode 100644
index 0000000000000000000000000000000000000000..1ac4f6bfe91de07f04a0be03db7d7b4b704dcc1f
--- /dev/null
+++ b/reuters/training/6637
@@ -0,0 +1,12 @@
+PERU HAS FIRST TRADE DEFICIT IN FOUR YEARS
+  Peru registered a 16 mln dlr trade deficit
+  in 1986, its first trade shortfall in four years, a central
+  bank statement said.
+      The figure compared with a surpluses of 1.17 billion dlrs
+  in 1985, 1.01 billion in 1984 and 293 mln in 1983. The last
+  trade deficit was a 428 mln shortfall in 1982.
+      Peru's exports fell to 2.51 billion dlrs last year from
+  2.98 billion in 1985. Last year's imports were 2.53 billion
+  dlrs against 1.81 billion dlrs in 1985.
+  
+
diff --git a/reuters/training/6638 b/reuters/training/6638
new file mode 100644
index 0000000000000000000000000000000000000000..1f002544fcb42f204b59bca62663efd8dedcab88
--- /dev/null
+++ b/reuters/training/6638
@@ -0,0 +1,11 @@
+BEVIS INDUSTRIES SEEKS BUYER FOR COMPANY
+  <Bevis Industries Inc> said it
+  retained Tucker Anthony and R.L. Day Inc to seek purchasers of
+  the company or its units.
+      It issued no further details.
+      The company, which makes stainless steel tubing for the
+  chemical, petrochemical, and oil industries, earned 1,045,000
+  dlrs or 51 cts a share in the nine months ending September 30,
+  1986. It had sales of 17.1 mln dlrs in the period.
+  
+
diff --git a/reuters/training/6639 b/reuters/training/6639
new file mode 100644
index 0000000000000000000000000000000000000000..e5eb601db103b889f9da7bae3abe8b73e68b05c9
--- /dev/null
+++ b/reuters/training/6639
@@ -0,0 +1,31 @@
+U.S. HOUSE PLAN SEEKS TO BAR FOREIGN TAKEOVERS
+  A House subcommittee voted to give
+  President Reagan authority to block foreign takeovers of U.S.
+  companies similar to the takeover of Schlumberger Ltd's <SLB>
+  Fairchild Semiconductor Corp by Fujitsu Ltd which was
+  withdrawn.
+      The House Energy and Commerce Subcommittee on Commerce
+  approved as an amendment to the overall House trade bill a
+  provision giving Reagan the power to block sales to foreign
+  companies if the sale was not in the national or economic
+  interest.                
+      The takeover provision was sent to the full Energy and
+  Commerce Committee for consideration as part of the overall
+  trade bill which is being written by several House committees.
+      The subcommittee's bill would bar imports of digital audio
+  recording equipment that is not made with anti-copying chips.
+  This provision is designed to protect U.S. companies from the
+  unauthorized use of U.S. designs in foreign products.
+      The bill calls for an investigation of whether U.S.
+  engineering and construction firms are given adequate
+  opportunity to bid on Japan's civil works procurement practices
+  including the construction of the Kansai airport.
+      The Energy and Commerce subcommitte rejected a plan offered
+  by Rep. William Dannemeyer, a California Republican, to require
+  the U.S. to pay investors one pct for the right to hold their
+  gold investments in government storage.
+      His amendment called for the government to sell gold coins
+  and gold-backed bonds with maturities of 30 to 50 years to
+  investors to reduce the federal debt.               
+  
+
diff --git a/reuters/training/6641 b/reuters/training/6641
new file mode 100644
index 0000000000000000000000000000000000000000..672e4cf65b447822d48030bbaeacc864e8594c87
--- /dev/null
+++ b/reuters/training/6641
@@ -0,0 +1,12 @@
+INERTIA DYNAMICS CORP <TRIM> 2ND QTR FEB 28 NET
+  Oper shr 35 cts vs 29 cts
+      Oper net 1,185,267 vs 1,001,315
+      Sales 16.8 mln vs 12.4 mln
+      Six mths
+      Oper shr 42 cts vs 32 cts
+      Oper net 1,420,815 vs 1,105,555
+      Note: oper data does not include year ago qtr and six mths
+  loss from discontinued operations of 87,449 dlrs, or two cts
+  per shr.
+  
+
diff --git a/reuters/training/6642 b/reuters/training/6642
new file mode 100644
index 0000000000000000000000000000000000000000..0529cabee4ab2b821653a37dc375e570f48041f4
--- /dev/null
+++ b/reuters/training/6642
@@ -0,0 +1,10 @@
+ATI MEDICAL INC <ATIM> 2ND QTR JAN 31 NET
+  Shr two cts vs eight cts
+      Net 118,933 vs 296,272
+      Revs 2,742,731 vs 1,840,129
+      Six mths
+      Shr two cts vs 12 cts
+      Net 92,372 vs 444,975
+      Revs 4,977,105 vs 3,296,110
+  
+
diff --git a/reuters/training/6647 b/reuters/training/6647
new file mode 100644
index 0000000000000000000000000000000000000000..64f52586db7e468d484cda4e344d7ed622ce667e
--- /dev/null
+++ b/reuters/training/6647
@@ -0,0 +1,6 @@
+SAVANNAH ELECTRIC AND POWER CO <SAV> UPS DIVIDEND
+  Qtly div 25 cts vs 22 cts prior
+      Payable April 15
+      Record April 1
+  
+
diff --git a/reuters/training/6650 b/reuters/training/6650
new file mode 100644
index 0000000000000000000000000000000000000000..9db24fd1c761739c666dc4db204fcee8fa01ce87
--- /dev/null
+++ b/reuters/training/6650
@@ -0,0 +1,5 @@
+AMOCO SAID WELL OFF TRINIDAD FLOWS 53 MLN CUBIC FEET NATURAL GAS DAILY
+
+  AMOCO SAID WELL OFF TRINIDAD FLOWS 53 MLN CUBIC FEET NATURAL GAS DAILY
+  
+
diff --git a/reuters/training/6652 b/reuters/training/6652
new file mode 100644
index 0000000000000000000000000000000000000000..0801a8d34076e414a27b49e7e0702113686a36a7
--- /dev/null
+++ b/reuters/training/6652
@@ -0,0 +1,14 @@
+IRAQ SAYS IT HIT SHIP IN GULF OFF IRAN TODAY
+  Iraq said its warplanes had hit a
+  vessel in the Gulf off the Iranian coast today, the third in
+  the past 24 hours.
+      A military spokesman told the Iraqi news agency INA the
+  latest attack was at 1250 GMT. It earlier reported strikes at
+  0650 GMT and at 1930 GMT last night. The planes "dealt accurate
+  and effective blows" to the targets and returned safely to base.
+      There was no immediate confirmation of the attacks from
+  Gulf shipping sources. The last confirmed Iraqi attack was on
+  on March 8, when an Iranian tanker was hit by a missile south
+  of Iran's Kharg island oil export terminal.
+  
+
diff --git a/reuters/training/6653 b/reuters/training/6653
new file mode 100644
index 0000000000000000000000000000000000000000..9adf5eabd0e9e2da96a08dca40f4b540e1778f76
--- /dev/null
+++ b/reuters/training/6653
@@ -0,0 +1,26 @@
+MAY DEPARTMENT STORES <MA> 4TH QTR JAN 31 NET
+  Shr 1.38 dlrs vs 1.24 dlrs
+      Net 213,000,000 vs 195,000,000
+      Revs 3.37 billion vs 3.12 billion
+      Avg shrs 153,000,000 vs 156,000,000
+      Year
+      Shr 2.44 dlrs vs 2.20 dlrs
+      Net 381,000,000 vs 347,000,000
+      Revs 10.38 billion vs 9.54 billion
+      Avg shrs 154,800,000 vs 156,000,000
+      NOTE: 1985 period ended Feb 1, 1986
+      Share data restated for common stock split of July 21, 1986
+      1986 and 1985 earnings reflect a charge of one ct a share
+  resulting from use of the LFIO method of inventory valuation
+      4th Qtr 1986 earnings include pretax capital gain of 71.2
+  mln dlrs, or 30 cts a share from sale of Joseph Horne Co
+  Division in Pittsburgh
+      NOTE: 4th Qtr 1986 earnings include a 62 mln dlr, or 20 cts
+  a share, pretax charge for costs associated with combining May
+  D and F and the Denver operating divisions
+      4th Qtr 1986 earnings include a pretax charge of 26 mln
+  dlrs, or nine cts a share, for costs associated with several
+  debt repurchase transactions including retirement of 10 mln
+  dlrs of 11-7/8 pct debentures
+  
+
diff --git a/reuters/training/6654 b/reuters/training/6654
new file mode 100644
index 0000000000000000000000000000000000000000..3f669563444fb7a5da9504f525af449e6370995d
--- /dev/null
+++ b/reuters/training/6654
@@ -0,0 +1,5 @@
+NORSTAR BANCORP, FLEET FINANCIAL GROUP AGREE TO MERGE
+
+  NORSTAR BANCORP, FLEET FINANCIAL GROUP AGREE TO MERGE
+  
+
diff --git a/reuters/training/6655 b/reuters/training/6655
new file mode 100644
index 0000000000000000000000000000000000000000..09fbbcab75dc02a210d5fef3cd4c006986f8d761
--- /dev/null
+++ b/reuters/training/6655
@@ -0,0 +1,9 @@
+FIRST UNION <FUNC> ACQUISITION APPROVED
+  First Union Corp said the
+  buyout of Commerce National Bank by its First Union National
+  Bank of Florida unit was approved by Commerce shareholders.
+      According to the terms of the deal, First Union will pay
+  8.5 mln dlrs for the outstanding shares of Commerce National, a
+  bank with 43.2 mln dlrs in assets.
+  
+
diff --git a/reuters/training/6656 b/reuters/training/6656
new file mode 100644
index 0000000000000000000000000000000000000000..3880b532f3d8af0baa782b4af3111658a705d67b
--- /dev/null
+++ b/reuters/training/6656
@@ -0,0 +1,84 @@
+ENERGY/DRILLING INDUSTRY
+  The drastic cutbacks in U.S. drilling
+  last year are rapidly deflating the United State's natural gas
+  bubble, which could bring spot shortages in gas supplies next
+  winter and a modest recovery in the oilpatch, industry analysts
+  said.
+      Faltering deliverability of natural gas, a commodity that
+  is difficult and costly to import in large quantities, could
+  more than double the current U.S. rig count to near 2,000 by
+  1990, some analysts said.
+      The need to lock in future supplies of gas for utilities
+  and big industrial customers may also bring a resurgence of
+  activity in the Gulf of Mexico's offshore waters where some of
+  the nation's largest gas reserves are located.
+      "We think an upturn in U.S. drilling is imminent," said
+  James Crandall, an analyst with Salomon Brothers Inc. "Many
+  companies appear to be switching from oil to gas drilling
+  because they're betting that the gas market will be back in
+  balance in a year or two."
+      The prospect of diminishing gas supplies is welcome news
+  for drilling and oilfield service companies that barely
+  survived last year's plunge in oil prices from about 30 dlrs a
+  barrel to less than half that. Today's relatively stable oil
+  prices of about 18 dlrs a barrel are not enough to spur a
+  return to the heady days of 1981 when the U.S. drilling rig
+  count soared to a record high of more than 4,500 and oilfield
+  roustabouts commanded premium wages.
+      The latest weekly Hughes Tool Co <HT> rig count, a
+  barometer of the oil industry's health, showed 761 U.S. rigs
+  active in what is traditionally the slowest time of the year.
+      In 1986, the Hughes rig count began the year at 1,915 but
+  dived to a post-World War II low of 663 in July as world oil
+  prices experienced the sharpest decline in recent times.
+      Ike Kerridge, a Hughes economist, said "In 1986, the United
+  States replaced only about 40 pct of the gas it used and that
+  replacement rate won't be any better this year."
+      He added, "We don't have the options we do with oil.
+  Imports of gas from Canada are limited by pipeline capacity and
+  importing liquefied natural gas on ships will not be feasible
+  in the next 10 years because of the cost."
+      Only about 6 trillion cubic feet of additional gas reserves
+  were discovered last year while U.S. consumption approached 16
+  trillion cubic feet, according to industry estimates.
+      George Gaspar, an oil analyst with Robert W. Baird and Co
+  agreed that the need for gas supplies would set the stage for a
+  new cycle of gradual increases in U.S. drilling.
+      "We anticipate that natural gas pipelines will need to
+  dedicate to their systems new gas reserves for 1989 and 1990
+  supplies. That means new drilling programs must begin no later
+  than mid-1988," Gaspar said.
+      Gasper said he sees a new drilling cycle emerging that
+  could last until 1992 and that he expects the average rig count
+  to peak near 2,000 in December of 1989.
+      Much of the search for new gas reserves is likely to be
+  conducted in the offshore waters of the Gulf of Mexico, where
+  federal leases on unexplored areas will revert back to the
+  government unless drilling begins in the next two or three
+  years. Some of the industry's biggest companies, such as Exxon
+  Corp <XON>, Mobil Corp MOB, and Union Texas Petroleum have
+  already indicated plans to increase spending for drilling later
+  this year in the Gulf of Mexico, Crandall said.
+      For example, Conoco Inc, a Dupont <DD> subsidiary, will
+  spend 400 mln dlrs to build the Gulf of Mexico's deepest
+  production platform, which will produce 50 mln cubic feet of
+  gas per day.
+      But T. Boone Pickens, who has acquired huge Texas and
+  Kansas gas reserves for his Mesa Limited Partnership <MLP> in
+  recent months, is not convinced that the drilling industry is
+  on the verge of a recovery.
+      Pickens predicts the U.S. rig count will soon drop below
+  600 and will not increase significantly until oil prices do.
+      "The rigs won't go back to work until the price of oil gets
+  above 30 dlrs a barrel," said Pickens, 58, adding he did not
+  expect to see the rig count top 2,000 again in his lifetime.
+      Tenneco Inc <TGT>, one of the largest U.S. gas producers,
+  is skeptical that a need for additional gas drilling exists.
+      Tenneco vice president Joe Foster said he did not expect
+  significant increases in drilling for gas until the early 1990s
+  when the U.S. gas reserves life will have declined to about
+  seven years' supply. Current spot market prices of about 1.50
+  dlrs per thousand cubic feet will need to rise to about three
+  dlrs to spur reserve replacement, he said.
+  
+
diff --git a/reuters/training/6657 b/reuters/training/6657
new file mode 100644
index 0000000000000000000000000000000000000000..464a25cb26a7a0523544e578a412cd44b6b29ad4
--- /dev/null
+++ b/reuters/training/6657
@@ -0,0 +1,121 @@
+SUGAR PRICES TOO LOW TO BOOST LATIN OUTPUT
+  Latin American sugar producers
+  are awaiting further rises in world market prices before moving
+  to boost production, official and trade sources said.
+      Although prices have risen to around eight from five U.S.
+  Cents per lb in the past six months, they are still below the
+  region's nine to ten cents per lb average production cost.
+      The recent rise in prices has placed producers on the
+  alert, Manuel Rico, a consultant with the Group of Latin
+  American and Caribbean Sugar Exporting Countries (GEPLACEA),
+  told Reuters.
+      However, Rico said, it would require another five to seven
+  cents to stimulate notable increases in output.
+      "Producers are taking measures for increasing their
+  production when the prices are profitable," he said.
+      Officials in Mexico, Guatemala and Ecuador said a continued
+  rise in prices would stimulate production, but industry leaders
+  in Panama and Costa Rica said there was still a long way to go.
+      "The prices are ridiculous," said Julian Mateo, vice
+  president of Costa Rica's Sugar Cane Industrial-Agricultural
+  League. "At current prices nobody is going to consider
+  increasing production."
+      Other producers are wary of committing funds to increasing
+  output, given the instability of world markets.
+      An official at Colombia's National Association of Sugar
+  Cane Growers said they had no plans to raise export targets.
+  "The market is very unstable. What is happening is not yet
+  giving way to a pattern and so there is no reason to modify
+  anything."
+      In 1985, the latest year for which full figures are
+  available, Central and South American nations produced 28 mln
+  tonnes, raw value, of sugar of which 12.3 mln were exported. A
+  year earlier, they had produced and exported about 800,000
+  more, according to the London-based International Sugar
+  Organization.
+      Years of continuous low prices have plunged the sugar
+  industry in many countries in the region into a recession from
+  which it will be hard to recover.
+      Miguel Guerrero, director of the Dominican Republic's
+  National Sugar Institute, said it would be difficult to boost
+  production even if prices recovered sharply.
+      Output had slumped to under 450,000 tonnes a year from
+  900,000 in the late 1970s. Obsolete refineries, poor transport
+  and badly maintained plantations were barriers to any short
+  term recovery in output, he added.
+      Plans of nearby Cuba, the world's largest cane sugar
+  exporter, to increase output to 10 mln tonnes a year by the end
+  of the decade seem ambitious, trade sources said. Output is
+  running well below the record 8.6 mln produced in 1970.
+      Cuba suffers from run down plantations, harvesting problems
+  and poor processing facilities more than from low world prices,
+  since much of its output is sold to Eastern Bloc countries
+  under special deals. Last year, bad weather added to its
+  troubles, and output fell to 7.2 mln tonnes from 8.2 mln in
+  1985.
+      The low world prices of recent years have led many
+  countries in the region to cut exportable production to levels
+  where they barely cover U.S. And, in the case of some Caribbean
+  countries, European Community (EC) import quotas, for which
+  they receive prices well above free market levels.
+      Progressive reductions in the U.S. Quotas have led to
+  production stagnating or falling rather than being shifted to
+  the free world market.
+      Peru, for example, shipped 96,000 tonnes to the U.S. In
+  both 1983 and 1984. This fell to 76,000 in 1986 and this year
+  its quota is only 37,000.
+      A national cooperative official said that, as long as world
+  market levels continue at around half of Peru's production
+  cost, the future of the industry is uncertain.
+      At a meeting of GEPLACEA in Brazil last October officials
+  stressed the need to find alternative uses for sugar cane
+  which, according to the group's executive-secretary Eduardo
+  Latorre, "grows like a weed" throughout the region.
+      Brazil, the largest cane producer with output of around 240
+  mln tonnes, uses over half to produce alcohol fuel. Cane in
+  excess of internal demand for alcohol and sugar is refined into
+  sugar for sale abroad to earn much needed foreign currency.
+      The difference in the price the state-run Sugar and Alcohol
+  Institute (IAA) pays local industry and what it receives from
+  foreign buyers costs the government some 350 mln dlrs a year.
+      Soaring domestic demand for both alcohol and sugar over the
+  past year, coupled with a drought-reduced cane crop, has meant
+  Brazil will have difficulties in meeting export commitments in
+  1987, trade sources said. Negotiations to delay shipments to
+  next year have been indecisive so far, the main sticking point
+  being how Brazil should compensate buyers for non-delivery of
+  sugar it had sold at around five cents per lb and which would
+  cost eight cents to replace.
+      Brazilian sugar industry sources said new sugar export
+  sales were expected to be extremely low for the next year, with
+  the Institute wary of exposing itself to domestic shortages of
+  either alcohol or sugar and because of the need to rebuild
+  depleted reserve stockpiles.
+      However, the situation could change dramatically if the
+  economy goes into recession and internal demand slumps.
+      Sources within Latin America and the Caribbean hold little
+  hope for the region's sugar industry to return to profitability
+  unless the U.S. And EC change their policies.
+      "The agricultural policies of the European Community and of
+  the United States have caused our economies incalculable harm
+  by closing their markets, by price deterioration in
+  international commerce and furthermore by the unfair
+  competition in third countries," Brazil's Trade and Industry
+  Minister Jose Hugo Castelo Branco told the October GEPLACEA
+  meeting.
+      The EC has come under prolonged attack from GEPLACEA for
+  what the group charges is its continued dumping of excess
+  output on world markets. GEPLACEA officials say this is the
+  main cause of low prices.
+      GEPLACEA sees a new International Sugar Agreement which
+  would regulate prices as one of the few chances of pulling the
+  region's industry out of steady decline. Such an agreement
+  would have to have both U.S. And EC backing and industrialised
+  countries would have to see it as a political rather than a
+  merely economic pact.
+      "They have to realise that the more our economies suffer,
+  the less capcity we have to buy their goods and repay the
+  region's 360 billion dollar foreign debt," GEPLACEA's Latorre
+  said.
+  
+
diff --git a/reuters/training/6658 b/reuters/training/6658
new file mode 100644
index 0000000000000000000000000000000000000000..8db2a50496b8d69c1fd47f44c69ec087d3851207
--- /dev/null
+++ b/reuters/training/6658
@@ -0,0 +1,23 @@
+MORGAN BANK PLANS WARRANTS FOR GOLD AT 425 DLRS
+  Morgan Guaranty Trust Co of New York
+  plans an issue of 12,000 warrants for gold bullion at 425 dlrs
+  an ounce, lead manager Morgan Guaranty (Switzerland) AG said.
+      Each warrant, priced at 955 Swiss francs, entitled holders
+  to acquire five-ounce bars of .999 gold in the period from
+  April 30, 1987, to July 31, 1991, exercisable on Wednesdays.
+      The warrants represented unsecured, unsubordinated
+  liabilities of the borrower. Payment was due April 16, and a
+  quotation on the Luxembourg bourse was planned.
+      The warrants, when exercised, would be repaid in current
+  dollars based on the value of gold on the exercise date.
+      The conditions represent a premium of about 145 dlrs an
+  ounce to the current gold price.
+      A Morgan (Switzerland) official said that on the basis of
+  the maturity of four years and three months, the pricing
+  involved an implicit volatility of gold of 24.5 pct before the
+  warrants were in the money, compared with implicit volatility
+  of 30 pct for the Indosuez gold warrants and 26 pct for the
+  Citibank gold warrants recent issued with maturities of 18 and
+  24 months.
+  
+
diff --git a/reuters/training/6659 b/reuters/training/6659
new file mode 100644
index 0000000000000000000000000000000000000000..6037c3cb40a9e93dc897187e53538cf7d38b26ac
--- /dev/null
+++ b/reuters/training/6659
@@ -0,0 +1,8 @@
+NORSTAR <NOR>, FLEET <FLT> TO MERGE
+  Norstar Bancorp said that its
+  board and the board of Fleet Financial Group have approved a
+  definitive agreement to merge.
+      A Norstar spokesman said that a press release containing
+  further details on the merger would be issued shortly.
+  
+
diff --git a/reuters/training/6660 b/reuters/training/6660
new file mode 100644
index 0000000000000000000000000000000000000000..9c5116c3a90448e3da634416a22dd655b80a4044
--- /dev/null
+++ b/reuters/training/6660
@@ -0,0 +1,13 @@
+AMOCO <AN> IN NATURAL GAS FIND OFF TRINIDAD
+  Amoco Corp said its WEQB-1 exploratory
+  well 39 miles east of Galeota Point on Trinidad's east coast
+  flowed 24 mln cubic feet of natural gas and 500 barrels of
+  condensate daily from one zone and 29 mln cubic feet of natural
+  gas and 600 barrels of condensate daily from a second.
+      The company said both flows were through 40/64 inch chokes
+  and from zones between 10,000 and 13,000 feet in depth.  The
+  well, in 260 feet of water, was drilled to a total depth of
+  14,629 feet, it said.  It said the discovery was made in sands
+  previously untested in the area.
+  
+
diff --git a/reuters/training/6661 b/reuters/training/6661
new file mode 100644
index 0000000000000000000000000000000000000000..f9d7bd22d51e451f77c1160885c8231b6164e99e
--- /dev/null
+++ b/reuters/training/6661
@@ -0,0 +1,6 @@
+ELDORADO BANCORP <ELDB> SETS 10 PCT DIVIDEND
+  Eldorado Bancorp said its board
+  declared a 10 pct stock dividend, Payable April 17 to
+  shareholders of record April three.
+  
+
diff --git a/reuters/training/6665 b/reuters/training/6665
new file mode 100644
index 0000000000000000000000000000000000000000..f1a22a8272c13bbc39de00402f0571abec747e96
--- /dev/null
+++ b/reuters/training/6665
@@ -0,0 +1,79 @@
+TALKING POINT/GENCORP INC <GY>
+  The surprise 2.2 billion-dlr tender
+  offer for Ohio-based conglomerate GenCorp Inc will not be
+  enough to buy the company, analysts said.
+      Analysts estimated the 100 dlr-per-share offer from General
+  Partners is 10 to 20 dlrs per share below the breakup value of
+  GenCorp. However, market sources and analysts said  uncertainty
+  surrounds any transaction because of the legal challenges to
+  Gencorp broadcasting licenses.
+      Gencorp's stock rose 15-3/4 to 106-1/4 in heavy trading.
+      "The expectation is either there will be someone else or
+  the bidder will sweeten the offer hoping to get management's
+  cooperation," said Larry Baker, an analyst with E.F. Hutton
+  group.
+      Analysts said there is concern about challenges to
+  Gencorp's broadcast licenses for two television and 12 radio
+  stations. Some of the disputes, dating back about 20 years,
+  were brought by groups that alleged improper foreign payments
+  and political contributions.
+      "I think it kind of muddies an already muddy situation,"
+  said Baker of the offer.
+      Some arbitragers said they were concerned the ongoing issue
+  might be a stumbling block or result in a long period of time
+  for any transaction.
+      A source close to General Partners, however, said General
+  Partners would apply to the Federal Communications Commission
+  for special temporary authority to hold the broadcast stations.
+  The source said if approved, the authority would allow a
+  transaction to be carried out.
+      If it received the "short-form" approval, General Partners
+  would set up a trust which would hold the broadcasting
+  properties until the licensing situation is resolved.
+      General Partners is equally owned by investors Wagner and
+  Brown and glass-maker AFG Industries Inc.
+      Some market sources speculated an outside buyer, such as
+  General Partners, might even be be a catalyst to resolution of
+  the challenges since it would carry out GenCorp's plan to sell
+  the stations.
+      GenCorp earlier this month reached an agreement with Walt
+  Disney Co to sell its Los Angeles television station, WHJ-TV.
+  Disney would pay 217 mln dlrs to GenCorp and 103 mln dlrs to a
+  group that challenged the station's license.
+      GenCorp also has a pending agreement to sell WOR-TV in
+  Secaucus, N.J. to MCA Inc for 387 mln dlrs.
+      General Partners said it intends to keep the company's
+  plastics and industrial products businesses and its tires and
+  related products segment.
+      Charles Rose, an analyst with Oppenheimer and Co, said
+  that, on a breakup valuation, the company might be worth as
+  much as 125 dlrs per share. Rose estimated the aerospace
+  business could bring 30 to 40 dlrs per share or one billion
+  dlrs, as would DiversiTech, the plastics unit. Broadcasting,
+  including assets pending sale, might be 30 to 40 dlrs per
+  share, he said.
+      The company, formerly known as General Tire
+  and Rubber Co, also has a tire business Rose estimated would be
+  worth five to 10 dlrs per share. He estimated the bottling
+  business might also be worth several dollars per share, he
+  said.
+      Analysts said GenCorp chairman A. William Reynolds, who
+  became chairman last year, has been emphasizing the company's
+  Aerojet General and DiversiTech General businesses. GenCorp,
+  founded in 1915, became an unfocused conglomerate over the
+  years and analysts believe reynolds has helped it to improve.
+      "The management's doing a very fine job in trying to deal
+  with the non-strategic assets of the company," Rose said.
+      Analysts expect GenCorp to resist the tender offer, but
+  they declined to predict what steps the company might take.
+  They said it would be possible the company might consider a
+  leveraged buyout or restructuring to fend off the offer.
+      General Partners holds 9.8 pct of GenCorp stock, and there
+  was some concern about "greenmail." Greenmail is the payment at
+  a premium for an unwanted shareholders' stock.
+      "I would doubt they would greenmail them, but nothing
+  surprises me anymore," said Rose.
+      GenCorp has not commented on the offer. It has retained
+  First Boston Corp and Kidder, Peabody and Co as advisers.
+  
+
diff --git a/reuters/training/6666 b/reuters/training/6666
new file mode 100644
index 0000000000000000000000000000000000000000..7767c7d990926681486c45a62ea62a2f4b7b2f9b
--- /dev/null
+++ b/reuters/training/6666
@@ -0,0 +1,5 @@
+AMERICAN EXPRESS UP ON RUMORS 10 PCT OF SHEARSON TO BE SOLD TO JAPANESE FIRM, TRADERS SAY
+
+  AMERICAN EXPRESS UP ON RUMORS 10 PCT OF SHEARSON TO BE SOLD TO JAPANESE FIRM, TRADERS SAY
+  
+
diff --git a/reuters/training/6668 b/reuters/training/6668
new file mode 100644
index 0000000000000000000000000000000000000000..8dc542e21e329a977c2551b9f27aaa270a8c5a9e
--- /dev/null
+++ b/reuters/training/6668
@@ -0,0 +1,11 @@
+ADMAC INC <JPAC> 3RD QT JAN 31 LOSS
+  Shr loss 1.51 dlrs vs profit eight cts
+      Net loss 7,377,000 vs profit 384,000
+      Sales 1,593,000 vs 4,366,000
+      Nine Mths
+      Shr loss 2.24 dlrs vs profit 16 cts
+      Net loss 11,083,000 vs profit 628,000
+      Sales 6,517,000 vs 12.6 mln
+      Avg shrs 4,941,000 vs 3,926,000
+  
+
diff --git a/reuters/training/6669 b/reuters/training/6669
new file mode 100644
index 0000000000000000000000000000000000000000..fb6db6d8cd5180feeb8e0107010bc617e1b46773
--- /dev/null
+++ b/reuters/training/6669
@@ -0,0 +1,11 @@
+PACO PHARMACEUTICAL <PPS> 2ND QTR FEB 14 NET
+  Shr 19 cts vs 17 cts
+      Net 767,000 vs 676,000
+      Revs 9,476,000 vs 9,091,000
+      Six mths
+      Shr 47 cts vs 44 cts
+      Net 1,897,000 vs 1,719,000
+      Revs 19.5 mln vs 19 mln
+      NOTE: Full name Paco Pharmaceutical Services Inc.
+  
+
diff --git a/reuters/training/6670 b/reuters/training/6670
new file mode 100644
index 0000000000000000000000000000000000000000..0f08d291bba4a5b7f6eed563735f93c27a7a4541
--- /dev/null
+++ b/reuters/training/6670
@@ -0,0 +1,17 @@
+PUBLICKER INDUSTRIES INC <PUL> 4TH QTR LOSS
+  Shr loss five cts vs loss 15 cts
+      Net loss 619,000 vs loss 1,730,000
+      Sales 3,138,000 vs 5,667,000
+      Avg shrs 12.5 mln vs 11.5 mln
+      Year
+      Shr loss four cts vs loss 40 cts
+      Net loss 343,000 vs loss 3,963,000
+      Sales 13.4 mln vs 35.3 mln
+      Avg shrs 12.5 mln vs 10.3 mln
+      NOTE: 1986 year net includes gain 1,678,000 dlrs from
+  settlement of litigation with Belcher Oil Co, 375,000 dlr
+  provision connected with resignation of former president, legal
+  settlements and costs of 1,074,000 dlrs and 552,000 dlrs in
+  expenses from closing of contract packaging division.
+  
+
diff --git a/reuters/training/6672 b/reuters/training/6672
new file mode 100644
index 0000000000000000000000000000000000000000..778c0fc9ad9a7582965252d9ec1c60ec753a294e
--- /dev/null
+++ b/reuters/training/6672
@@ -0,0 +1,17 @@
+BIONOMIC SCIENCES INTERNATIONAL INC <BSII> LOSS
+  2nd qtr Jan 31 end
+      Shr loss three cts vs loss nine cts
+      Net loss 112,400 vs loss 275,400
+      Sales 318,100 vs 23,600
+      Avg shrs 4,294,300 vs 3,028,326
+      1st half
+      Shr profit four cts vs loss 14 cts
+      Net profit 165,600 vs loss 409,100
+      Sales 546,600 vs 44,400
+      Avg shrs 4,189,700 vs 3,028,326
+      NOTE: Current year net includes gains on sale of assets of
+  25,000 dlrs in quarter and 396,000 dlrs in half.
+      Net includes extraordinary loss 10,000 dlrs vs nil in
+  quarter and loss 10,000 dlrs vs profit 106,300 dlrs in half.
+  
+
diff --git a/reuters/training/6673 b/reuters/training/6673
new file mode 100644
index 0000000000000000000000000000000000000000..7e19c611e0b50906c8f01d8c3e4cb45a6c9f25f3
--- /dev/null
+++ b/reuters/training/6673
@@ -0,0 +1,6 @@
+PIEDMONT AVIATION INC <PIE> SETS QUARTERLY
+  Qtly div eight cts vs eight cts prior
+      Pay May 18
+      Record May One
+  
+
diff --git a/reuters/training/6674 b/reuters/training/6674
new file mode 100644
index 0000000000000000000000000000000000000000..d3803abf81f9b5cef9fca1fd6e0982d1000f8e5c
--- /dev/null
+++ b/reuters/training/6674
@@ -0,0 +1,11 @@
+BIONOMIC SCIENCES <BSII> SEES PROFITABILITY
+  Bionomic Sciences International Inc
+  said it expects to start operating profitably by the fourth
+  quarter.
+      The company today reported a profit of 165,600 dlrs for the
+  first half ended January 31 -- after a 396,000 dlr gain on the
+  sale of assets and a 10,000 dlr extraordinary loss.  A year
+  before it lost 409,100 dlrs after a 106,300 dlr extraordinary
+  gain.
+  
+
diff --git a/reuters/training/6675 b/reuters/training/6675
new file mode 100644
index 0000000000000000000000000000000000000000..0e2dc41d45c7c6b50cbb87ee1074841ed5052b80
--- /dev/null
+++ b/reuters/training/6675
@@ -0,0 +1,5 @@
+NORSTAR SHAREHOLDERS TO GET 1.2 FLEET FINANCIAL SHRS PER NORSTAR SHARE IN MERGER
+
+  NORSTAR SHAREHOLDERS TO GET 1.2 FLEET FINANCIAL SHRS PER NORSTAR SHARE IN MERGER
+  
+
diff --git a/reuters/training/6677 b/reuters/training/6677
new file mode 100644
index 0000000000000000000000000000000000000000..79a7e0e492a6be1457bf8a525b08041e9c454902
--- /dev/null
+++ b/reuters/training/6677
@@ -0,0 +1,14 @@
+NEGOTIATORS PUT FINAL TOUCHES TO NEW RUBBER PACT
+  Rubber producing and consuming
+  countries, which agreed on the bases of a new International
+  Natural Rubber Agreement (INRA) last weekend, are now putting
+  the final touches to the future accord, delegates said.
+      They said discussions are focusing on conditions for entry
+  into force of the new INRA. The present pact, which expires in
+  October, required that governments accounting for 80 pct of
+  world exports and 80 pct of world imports approved or ratified
+  the pact before it became operational.
+      Delegates said figures now being floated range between 65
+  and 80 pct.
+  
+
diff --git a/reuters/training/6679 b/reuters/training/6679
new file mode 100644
index 0000000000000000000000000000000000000000..7aac408f89bb00d8fb2e0a969b622eb9ef4e0c60
--- /dev/null
+++ b/reuters/training/6679
@@ -0,0 +1,12 @@
+CERADYNE INC <CRDN> 4TH QTR LOSS
+  Shr loss 22 cts vs profit 10 cts
+      Net loss 1,056,000 vs profit 427,000
+      Sales 5,440,000 vs 4,982,000
+      Avg shrs 5,229,542 vs 4,435,691
+      Year
+      Shr profit one ct vs profit 26 cts
+      Net profit 29,000 vs profit 993,000
+      Sasles 19.1 mln vs 16.6 mln
+      Avg shrs 4,947,632 vs 3,780,543
+  
+
diff --git a/reuters/training/6680 b/reuters/training/6680
new file mode 100644
index 0000000000000000000000000000000000000000..c3fe4002b17576c00f99c88fad8d068187806a34
--- /dev/null
+++ b/reuters/training/6680
@@ -0,0 +1,8 @@
+FINANCIAL BENEFIT GROUP INC <FBGIA> YEAR LOSS
+  Shr loss 11 cts vs loss 48 cts
+      Net loss 254,000 vs loss 784,000
+      Revs 94.1 mln vs 47.3 mln
+      Avg shrs 2,317,000 vs 1,642,000
+      NOTE: Share adjusted for stock dividend and reverse split.
+  
+
diff --git a/reuters/training/6681 b/reuters/training/6681
new file mode 100644
index 0000000000000000000000000000000000000000..d28f9e36f1fc13c8383973251f25fad56da28501
--- /dev/null
+++ b/reuters/training/6681
@@ -0,0 +1,12 @@
+MEGAPHONE INTERNATIONAL INC <INFL> 4TH QTR LOSS
+  Oper shr loss three cts vs loss three cts
+      Oper net loss 388,000 vs loss 452,000
+      Revs 1,425,000 vs 1,126,000
+      Year
+      Oper shr loss 26 cts vs loss 15 cts
+      Oper net loss 3,604,000 vs loss 2,108,000
+      Res 5,712,000 vs 6,604,000
+      NOTE: 1986 net both periods excludes 413,000 dlr gain from
+  settlement of old obligations.
+  
+
diff --git a/reuters/training/6682 b/reuters/training/6682
new file mode 100644
index 0000000000000000000000000000000000000000..1f8c419fd17cf6cf1539ca698a5bb5b26deee41c
--- /dev/null
+++ b/reuters/training/6682
@@ -0,0 +1,12 @@
+BUTLER <BTLR> COMPLETES SALE OF LIVESTOCK UNIT
+  Butler Manufacturing Co said
+  it completed sale of its Livestock Systems division and part of
+  its Control division in separate transactions to two unrelated
+  parties.
+      Butler's livestock systems division was sold to an investor
+  group including the president of the operations and certain
+  Control division assets were sold to Minneapolis-based Enercon
+  Data Corp.
+      Terms of the transactions were not disclosed.
+  
+
diff --git a/reuters/training/6683 b/reuters/training/6683
new file mode 100644
index 0000000000000000000000000000000000000000..f410c9a3db87cb7d1c8eb7190fd937d4aef16eca
--- /dev/null
+++ b/reuters/training/6683
@@ -0,0 +1,6 @@
+CAROLINA POWER AND LIGHT CO <CPL> QTLY DIV
+  Qtly div 69 cts vs 69 cts prior
+      Payable May one
+      Record APril 10
+  
+
diff --git a/reuters/training/6684 b/reuters/training/6684
new file mode 100644
index 0000000000000000000000000000000000000000..0ac26f116a8340234819edf83949efbc7b5a1594
--- /dev/null
+++ b/reuters/training/6684
@@ -0,0 +1,6 @@
+AMERICAN INTERNATIONAL GROUP <AIG> QTLY DIV
+  Qtly div 6-1/4 cts vs 6-1/4 cts prior
+      Pay June 19
+      Record June 5
+  
+
diff --git a/reuters/training/6685 b/reuters/training/6685
new file mode 100644
index 0000000000000000000000000000000000000000..3cfe24ff65d407e065e6abba7c8da229db281e6b
--- /dev/null
+++ b/reuters/training/6685
@@ -0,0 +1,6 @@
+ROCHESTER GAS AND ELECTRIC CORP <RGS> IN PAYOUT
+  Qtly div 55 cts vs 55 cts prior
+      Pay April 25
+      Record March 31
+  
+
diff --git a/reuters/training/6686 b/reuters/training/6686
new file mode 100644
index 0000000000000000000000000000000000000000..989003ab2ef7c6d54940cd9769d115316145d45c
--- /dev/null
+++ b/reuters/training/6686
@@ -0,0 +1,6 @@
+SERVICE CORP INTERNATIONAL <SRV> SETS QUARTERLY
+  Qtly div eight cts vs eight cts prior
+      Pay April 30
+      Record April 16
+  
+
diff --git a/reuters/training/6687 b/reuters/training/6687
new file mode 100644
index 0000000000000000000000000000000000000000..c3c1d122fc0fce4d61e464c8e3da1a036a54eead
--- /dev/null
+++ b/reuters/training/6687
@@ -0,0 +1,7 @@
+VALLEY RESOURCES <VR> SETS SPLIT, RAISES PAYOUT
+  Valley Resources Inc said its
+  board declared a three-for-two stock split and raised the
+  quarterly dividend to 42 cts per share presplit from 38 cts,
+  both payable April 15, record March 31.
+  
+
diff --git a/reuters/training/6689 b/reuters/training/6689
new file mode 100644
index 0000000000000000000000000000000000000000..e908e32d69966ca9cbf5c34e4c0ab084699b167e
--- /dev/null
+++ b/reuters/training/6689
@@ -0,0 +1,40 @@
+NORSTAR <NOR>, FLEET <FLT> OUTLINE MERGER
+  Fleet Financial Group said
+  that its board and the board of Norstar Bancorp have agreed to
+  merge the two bank holding companies in a transaction which
+  would create a 23 billion dlr asset bank holding company.
+      Under terms of the transaction, each Norstar shareholder
+  will receive 1.2 shares of Fleet common stock based on the
+  number of Fleet shares after giving effect to a previously
+  announced April one Fleet stock split.
+       The two-for-one stock split will increase Fleet's
+  currently 25.7 mln outstanding shares to 51.5 shares. There are
+  about 34.9 mln Norstar shares outstanding.
+      Fleet said the deal is expected to be completed by July one
+  1988, the date on which the nationalization of Rhode Island's
+  interstate banking law takes effect.
+      For the full year ended december 31, Fleet, a Rhode Island
+  based bank holding company, reported net income of 136.7 mln
+  dlrs and assets of 11.7 billion dlrs. Norstar, an Albany N.y.
+  holding company, reported net income of 104.8 mln dlrs and
+  assets of 11.1 billion dlrs.
+       Fleet comptroller Irv Goss said it is estimated that the
+  transaction will result in minimal dilution in Fleet/Norstar
+  earnings per share. It is the intention of both companies that
+  cash quarterly dividends following the combination not decline
+  for either company's stock holders, the company said.
+      For 1986, Norstar issued 1.31 dlrs annually in cash
+  dividends on its common stock. Fleet's current annual
+  distibution on a pre-split basis would be equivalent to 1.68
+  dlrs a share.
+      In addition, Fleet and Norstar have each granted the other
+  an option to purchase such number of authorized buy unissued
+  shares of common stock, that will constitute 24.99 pct of the
+  fully diluted shares outstanding.
+      The transaction is subject to both regulatory and
+  shareholder approval.
+      The companies said that after the proposed merger, the
+  combined banking holding wil be among the 25 largest in the
+  country.
+  
+
diff --git a/reuters/training/6694 b/reuters/training/6694
new file mode 100644
index 0000000000000000000000000000000000000000..bf80d7af462f844f44b3fbafbe4fb6b5a7d7ee29
--- /dev/null
+++ b/reuters/training/6694
@@ -0,0 +1,11 @@
+TECK TO INCREASE STAKE IN TRILOGY RESOURCE
+  <Trilogy Resource Corp> said
+  <Teck Corp> agreed to purchase 4.5 mln Trilogy common shares at
+  one dlr per share in a private placement, which would increase
+  its stake in Trilogy to 37 pct from 29 pct.
+      Trilogy also said its board approved a private placement of
+  3.5 mln common shares at a price of 90 cts per share to a group
+  of investors.
+      The placement will be made through McNeil Mantha Inc.
+  
+
diff --git a/reuters/training/6695 b/reuters/training/6695
new file mode 100644
index 0000000000000000000000000000000000000000..ef56ca44872cd1076bd652edb6e1169661773a75
--- /dev/null
+++ b/reuters/training/6695
@@ -0,0 +1,7 @@
+RABBIT SOFTWARE <RABT> TO MAKE ACQUISITION
+  Rabbit Software Corp said it has
+  agreed in principle to acquire privately-held communications
+  hardware maker Micro Plus II Corp for about two mln common
+  shares, with closing expected by May.
+  
+
diff --git a/reuters/training/6696 b/reuters/training/6696
new file mode 100644
index 0000000000000000000000000000000000000000..cc8c67370eb1403267c46e16b3cb55eba46c1dea
--- /dev/null
+++ b/reuters/training/6696
@@ -0,0 +1,6 @@
+<ALTEX RESOURCES LTD> YEAR NET
+  Shr six cts vs eight cts
+      Net 643,000 vs 889,000
+      Revs 3,934,000 vs 4,373,000
+  
+
diff --git a/reuters/training/6697 b/reuters/training/6697
new file mode 100644
index 0000000000000000000000000000000000000000..8f57b7198c8d72b9ba21e4dc5484f9c586ac4b84
--- /dev/null
+++ b/reuters/training/6697
@@ -0,0 +1,8 @@
+<AMOUR INC> TO MAKE ACQUISITION
+  Amour Inc said it has entered into
+  a letter of intent to acquire <Bard International Associates
+  Inc> for 70 mln common shares in a transaction that would give
+  former Bard shareholders control of the combined company.
+      Bard makes tennis and squash racquets and accessories.
+  
+
diff --git a/reuters/training/6699 b/reuters/training/6699
new file mode 100644
index 0000000000000000000000000000000000000000..da61baf5033c80ecf79c9154455cafa9fb1cc053
--- /dev/null
+++ b/reuters/training/6699
@@ -0,0 +1,18 @@
+MAY <MA> REPORTS STRONG 1ST QTR START
+  May Department Stores Co, reporting
+  record results for the fourth quarter ended January 31, said it
+  is encouraged about the new fiscal year by a strong start in
+  February and March.
+      The company said its merger last year with Associated Dry
+  Goods, which was accounted for as a pooling of interests, is
+  "going very well." May said "We are acting more like one
+  company every day. Our expansion schedule is on track."
+      May said it plans to invest more than 600 mln dlrs this
+  year to open 11 department stores, eight discount stores and
+  more than 240 specialty outlets.
+      The company reported fourth quarter earnings of 213 mln
+  dlrs, or 1.38 dlrs a share, up from 195 mln dlrs, or 1.24 dlrs
+  a share a year earlier. Revenues advanced to 3.37 billion dlrs
+  from 3.12 billion dlrs.
+  
+
diff --git a/reuters/training/6701 b/reuters/training/6701
new file mode 100644
index 0000000000000000000000000000000000000000..c6413e7ea03ac21039d7d3adccb2009dd7922448
--- /dev/null
+++ b/reuters/training/6701
@@ -0,0 +1,10 @@
+CRAMER INC <CRMR> 4TH QTR LOSS
+  Shr loss eight cts vs loss 1.39 dlrs
+      Net loss 94,000 vs loss 1,569,000
+      Sales 6,951,000 vs 5,518,000
+      Year
+      Shr profit four cts vs loss 2.95 dlrs
+      Net profit 41,000 vs loss 3,333,000
+      Sales 25.3 mln vs 22.9 mln
+  
+
diff --git a/reuters/training/6702 b/reuters/training/6702
new file mode 100644
index 0000000000000000000000000000000000000000..eee6db1509d4df17f169b90ecbdc8d911be7e55f
--- /dev/null
+++ b/reuters/training/6702
@@ -0,0 +1,10 @@
+AMERICAN TRAVELLERS <ATVC> TO MAKE ACQUISITION
+  American Travellers Corp said
+  it has entered into an agreement to purchase ISL Life Insurance
+  Co of Dallas, a corporate shell with active licenses to operate
+  in 12 states, for about 400,000 dlrs.
+      The company said closing is expected by late spring and
+  will result in American Travellers being licensed in seven new
+  states.
+  
+
diff --git a/reuters/training/6705 b/reuters/training/6705
new file mode 100644
index 0000000000000000000000000000000000000000..9b17fe7ce0f5c649a9ae9a2bc0a1e23e258d26c9
--- /dev/null
+++ b/reuters/training/6705
@@ -0,0 +1,6 @@
+OHIO ART CO <OAR> SETS QUARTERLY
+  Qtly div six cts vs six cts prior
+      Pay May Eight
+      Record April 10
+  
+
diff --git a/reuters/training/6707 b/reuters/training/6707
new file mode 100644
index 0000000000000000000000000000000000000000..c8a1d4faa1f4ea8ecfb820e6ad2cfdbab99542e4
--- /dev/null
+++ b/reuters/training/6707
@@ -0,0 +1,24 @@
+AMERICAN EXPRESS <AXP> UP ON SHEARSON RUMORS
+  American Express Co climbed 2-1/2 to
+  80-1/8 on rumors the company was about to announce an agreement
+  to sell 10 pct of its Shearson Lehman Brothers unit to Nippon
+  bLife Insurance of Japan, traders said.
+      Speculation about an impending deal, rumored to be worth
+  600 mln dlrs, also sent shares of other U.S. brokerages up
+  sharply. PaineWebber Group Inc <PWJ> gained 1-5/8 to 37-1/8 and
+  Merrill Lynch and Co Inc <MER> rose 1-3/8 to 42-7/8.
+      American Express officials declined comment but cited a
+  statement it released more than two weeks ago in which it said
+  it was studying matters of strategic importance.
+      American Express officials also pointed out the earlier
+  statement, issued March one, said it is company policy not to
+  comment on rumors or speculation. The earlier announcement also
+  said American Express and Shearson were studying options
+  including expansion of capacity to meet international
+  competition and broadening access to capital.
+      The latest rumors originated in Tokyo, traders said.
+      If the rumors are true "it gives them a nice infusion of
+  capital for an attractive price," said Lawrence Eckenfelder,
+  analyst at Prudential-Bache Securities.
+  
+
diff --git a/reuters/training/6708 b/reuters/training/6708
new file mode 100644
index 0000000000000000000000000000000000000000..9d500de7cbc15d85f2a468aa794e6e641343f5cc
--- /dev/null
+++ b/reuters/training/6708
@@ -0,0 +1,66 @@
+CONT'L ILLINOIS SEES MONTHS OF BRAZIL DEBT TALKS
+  Continental Illinois Corp's <CIL>
+  Chairman John Swearingen said he sees negotiations to
+  reschedule Brazil's debt payments taking at least three to six
+  months.
+      Brazil declared last month a moratorium on payment of
+  interest on its medium- and long-term debts. The moratorium is
+  expected to persist the entire time that debt scheduling talks
+  are under way.
+      "I believe it will take three to six months, maybe longer,
+  for an arrangement to be worked out to reschedule Brazil's
+  debt," Swearingen told reporters at a press briefing.
+      "I think Brazil will pay its debts in the long run. Just
+  how long the run is is anybody's guess," Swearingen said.
+      Earlier the bank holding company said Brazil's moritorium
+  may force it to increase non-performing loans by 380 mln dlrs
+  and reduce pretax and net income by 10 mln dlrs in the first
+  quarter and 35 mln dlrs for the full year.
+      The bank will decide March 31 whether to characterize these
+  loans as non-performing, William Ogden, chairman of the
+  Continental Illinois National Bank and Trust Co of Chicago,
+  Continental's largest subsidiary, said in response to an
+  inquiry.
+      Ogden said the moratoriums will affect both pretax and net
+  income equally because the banking firm has tax credits to use.
+      Swearingen predicted an increase in operating profits for
+  1987 because he sees higher income and reduced expenses.
+  Continental will reduce expenses through job cuts and reducing
+  office rental costs. In 1986 it cut about 850 positions.
+      In 1986 it had net profits of 165.2 mln dlrs or 60 cts a
+  share, up from 150.5 mln dlrs or 53 cts a share.
+      The bank transferred 459 mln dlrs of poor-quality loans and
+  other assets to the Federal Deposit Insurance Corp, FDIC,
+  during 1986. It can transfer bad loans under the terms of the
+  1984 restructuring agreement with the government.
+      The bank will transfer the remaining 460 mln dlrs that it
+  is entitled to transfer to FDIC by September 26, 1987,
+  Swearingen said. It will choose loans based on ultimate loss
+  rather than their immediate effect on non-performing loans.
+      In 1986 the bank's loans to the Midwest's middle market
+  rose 20 pct at a time of overall weak loan demand in the U.S.
+      Concerning banking acquisitions, Swearingen said the bank
+  would like to buy additional suburban Chicago banks. In 1986 it
+  bought three small suburban banks.
+      Swearingen said he is concerned that Continental will be
+  taken over because no bank in the Midwest region is large
+  enough to buy it, and New York money center banks are
+  prohibited by law from buying Illinois banks.
+      He said, however, that the FDIC still has control over who
+  will eventually own the firm because it still holds the
+  equivalent of 148 mln common shares out of a total 215 mln.
+      The FDIC sold 52 mln shares to the public last year and has
+  said it intends to sell the rest as quickly as possible. The
+  agency received the shares as part of its 4.5 billion dlrs 1984
+  bailout of the bank.
+      Swearingen, who came out of retirement in 1984 to head the
+  struggling banking firm after a career as an oil industry
+  executive, said he will retire when the three-year period he
+  agreed to be Continental chairman ends in August. He would not
+  comment on a successor.
+      The bank will expand its First Options of Chicago options
+  clearning unit into Tokyo, Swearingen said, but said its
+  doubtful lending to Japan will occur because that country
+  doesn't need external sources of cash.
+  
+
diff --git a/reuters/training/6709 b/reuters/training/6709
new file mode 100644
index 0000000000000000000000000000000000000000..47e29142cf36b15c2a4e57ace12fbed540a3d755
--- /dev/null
+++ b/reuters/training/6709
@@ -0,0 +1,7 @@
+RELIABLE LIFE INSURANCE CO <RLIFA> UPS DIVIDENDS
+  Qtly div Class A 27.5 cts vs 26.4 cts prior
+      Qtly div Class B 2.5 cts vs 2.4 cts prior
+      Pay June One
+      Record May One
+  
+
diff --git a/reuters/training/6710 b/reuters/training/6710
new file mode 100644
index 0000000000000000000000000000000000000000..95cfe1ea6bdc70892f35a9444c876be5b2a05248
--- /dev/null
+++ b/reuters/training/6710
@@ -0,0 +1,8 @@
+CROSS AND TRECKER <CTCO> TO SELL UNIT
+  Cross and Trecker Corp said its
+  Warner and Swasey subsidiary will seek to sell its Grinding
+  Division to focus on other areas of its business.
+      The company said the Grinding Division had sales last year
+  of about 18 mln dlrs. It makes grinding machines.
+  
+
diff --git a/reuters/training/6711 b/reuters/training/6711
new file mode 100644
index 0000000000000000000000000000000000000000..0fa61eae3ef03060619ee832c7954789a90cd5c9
--- /dev/null
+++ b/reuters/training/6711
@@ -0,0 +1,12 @@
+NOVAR ELECTRONICS CORP <NOVR> 4TH QTR JAN THREE
+  Shr loss eight cts vs loss eight cts
+      Net loss 220,724 vs loss 210,120
+      Revs 4,194,466 vs 4,224,633
+      Year
+      Shr profit eight cts vs profit four cts
+      Net profit 207,514 vs profit 98,050
+      Revs 17.8 mln vs 16.1 mln
+      NOTE: Quarter net includes tax credits of 162,600 dlrs vs
+  236,100 dlrs.
+  
+
diff --git a/reuters/training/6712 b/reuters/training/6712
new file mode 100644
index 0000000000000000000000000000000000000000..91fe4a5f8959b4ab3688007d817bc27631c8e9bc
--- /dev/null
+++ b/reuters/training/6712
@@ -0,0 +1,16 @@
+CONSOLIDATED NATURAL <CNG> FORMS TRADING UNIT
+  Consolidated Natural Gas Co said it
+  has received Securities and Exchange Commission approval to
+  establish a wholly-owned natural gas marketing subsidiary
+  called CNG Trading Co.
+      It said the new unit will operate in New York,
+  Pennsylvania, Ohio, West Virginia, Louisiana and Texas and
+  compete with other markets for delivery of low-cost natural gas
+  supplies.
+      Consolidated said customers' needs will be met from a wide
+  range of low cost sources, including the spot market,
+  independent producers and brokers, and Consolidated's producing
+  affiliates - CNG Development Co of Pittsburgh, and CNG
+  Producing Co based in New Orleans.
+  
+
diff --git a/reuters/training/6713 b/reuters/training/6713
new file mode 100644
index 0000000000000000000000000000000000000000..2ccafb28d540a4fe1ac78df54a02520ab4dc3292
--- /dev/null
+++ b/reuters/training/6713
@@ -0,0 +1,3 @@
+18-MAR-1987
+  18-MAR-1987
+
diff --git a/reuters/training/6714 b/reuters/training/6714
new file mode 100644
index 0000000000000000000000000000000000000000..257006f404200fce0054f9656a687593c18e7e33
--- /dev/null
+++ b/reuters/training/6714
@@ -0,0 +1,18 @@
+SHELL CANADA <SHC> TO SELL TANKERS TO SOCANAV
+  Shell Canada Ltd said its Shell Canada
+  Products Ltd unit will sell three tankers, effective April one,
+  1987, to <Socanav Inc>.
+      Terms were not disclosed.
+      Shell also said it will contract exclusively from Socanav
+  normal marine distribution requirements for domestic markets,
+  with some exceptions, for an initial 10-year period.
+      Shell also said its Shell Canadian Tankers Ltd unit will
+  lay off 13 employees and that Socanav will offer jobs to 41
+  employees.
+     The three Shell vessels are Lakeshell, Eastern Shell and
+  Northern Shell, which range in size from 6,000 to 10,000
+  tonnes, Shell said.
+     Shell Canada is 72 pct owned by Royal Dutch/Shell Group
+  <RD>.
+  
+
diff --git a/reuters/training/6716 b/reuters/training/6716
new file mode 100644
index 0000000000000000000000000000000000000000..ffdc4d1866abe279c21008869e5f836ac6f51f6f
--- /dev/null
+++ b/reuters/training/6716
@@ -0,0 +1,48 @@
+EC WARNS CONGRESS ON NEW TRADE BILL
+  The European Community (EC) has
+  warned the U.S. House of Representatives that tough trade
+  legislation it is considering could prompt retaliation by U.S.
+  trading partners.
+      The warning was sent in a letter from Sir Roy Denman, head
+  of the EC delegation in Washington, to Dan Rostenkowski,
+  chairman of the House Ways and Means Committee.
+      A copy of the letter was made available to Reuters.
+      Denman told Rostenkowski, an Illinois Democrat, he backed
+  aspects of the bill, such as one backing new talks under the
+  GATT and one excluding protection for the textile industry.
+      But Denman disagreed with other provisions which would
+  require President Reagan to take retaliatory trade action
+  against nations with large trade surpluses with the U.S. and
+  would set new standards for judging unfair foreign trade
+  practices.
+      Denman told Rostenkowski that GATT regulations prohibit
+  member nations from taking unilateral retaliatory action in
+  trade disputes unless the action is GATT-approved.
+      He said "If the Congress makes retaliatory action mandatory,
+  then the United States would be in violation of its
+  international legal obligations and on a collision course with
+  its major trading partners."
+      Denman added that a president should have flexibility in
+  enforcing trade laws, saying "in the last resort, any
+  administration must take its decision in light of the overall
+  national interest."
+      Otherwise, he said, "the risk would be counter-reaction by
+  trading partners of the United States, i.e., retaliation or
+  enactment of mirror image legislation to be employed against
+  imports from the United States."
+      Denman also said Congress could prompt retaliation if it
+  reduced the threshhold of unfair trade by making it easier for
+  firms to file unfair trade practice claims.
+      Retaliation could also be prompted by relaxing standards
+  for findings that imports were injuring U.S. firms.
+      "Changes in these standards must be agreed upon
+  multilaterally. They cannot be imposed by the United States
+  alone on the world trading system," he said.
+      House leaders have rejected a plan by textile-state
+  legislators to add to the trade bill a provision to curb
+  imports of cloth and clothing, similar to a measure passed two
+  years ago but vetoed by President Reagan.
+      There was concern by the leaders that Reagan would veto the
+  entire trade bill because of the textile amendment.
+  
+
diff --git a/reuters/training/6719 b/reuters/training/6719
new file mode 100644
index 0000000000000000000000000000000000000000..b745abf665ab50c308b6a8d743d65a9daf505a39
--- /dev/null
+++ b/reuters/training/6719
@@ -0,0 +1,36 @@
+FAIRCHILD PRESIDENT SEEKING MANAGEMENT BUYOUT
+  Fairchild Semiconductor Corp
+  president Donald Brooks said he intends to take a management
+  buyout proposal to the company's parent at some point in the
+  future and substantial funding is available for such a
+  purchase.
+      Fairchild is owned by Schlumberger Ltd <SLB>.
+      Brooks also told a press conference that if management is
+  successful, it may later attempt to take the company public.
+      "I am sure that if such a management buyout is to occur,
+  and I am hopeful that it does, the public market is one of the
+  avenues we will ultimately have to use to raise capital,"
+  Brooks said.
+      Brooks also said the company would continue to attempt an
+  exchange of technology and manufacturing agreement with Fujitsu
+  Ltd if successful in its buyout bid.
+      Futjitsu withdrew an offer to acquire some 80 pct of
+  Fairchild, a semiconductor maker, after U.S. government
+  officials expressed opposition to the transaction.
+      Brooks told the news conference that any purchase would be
+  in the form of a management buyout and not a leveraged buyout.
+      He also said the transaction could be financed through a
+  debt issue or conventional financing from investors.
+      Brooks said management is pleased by a number of investment
+  proposals bought to them, but he added, "the investors must be
+  willing to invest in the future growth of the company and not
+  just selling off assets."
+      Brooks also said he was not aware of any direct
+  intervention by the U.S. in an attempt to block the merger.
+      "I am not aware of any direct contact between Washington
+  and Fujitsu, but that doesn't mean it doesn't exist," Brooks
+  said.
+      He also said Fujitsu executives remain enthusiastic about a
+  link with Fairchild.
+  
+
diff --git a/reuters/training/6720 b/reuters/training/6720
new file mode 100644
index 0000000000000000000000000000000000000000..0dc78435a3c690f4b5c0a558ca5694857498d123
--- /dev/null
+++ b/reuters/training/6720
@@ -0,0 +1,50 @@
+HOUSE FARM LEADER SEES BILLION DLR BUDGET CUTS
+  The 1988 agriculture budget will
+  have to be cut by an additional one to two billion dlrs, the
+  chairman of a key house agriculture subcommittee said.
+      Implementation of a 0/92 program, a tightening up of the
+  use of commodity certificates, and reconstitution of farms are
+  possibilities that will be studied to reduce farm spending,
+  said Dan Glickman, D-Kans., chairman of the House agriculture
+  subcommittee on wheat, soybeans and feedgrains.
+      Speaking at the annual meeting of the National Grain and
+  Feed Association, Glickman said he learned this week from the
+  House budget committee that the agriculture committee will have
+  to reduce the fiscal year 1988 farm budget by up to two billion
+  dlrs from the 30 billion dlrs level already approved.
+      Decisions on how to cut the farm budget will have to be
+  made very quickly in order to make any impact on the FY 1988
+  budget, Glickman added.
+      Glickman also said his committee will not approve USDA's 
+  proposal to cut target prices by ten pct per year.
+      "The administration's target price proposals are dead in
+  the water," he said.
+      To cut the budget, Glickman said, "everthing is on the
+  table," except those moves that would reduce farmers' income.
+      Glickman offered a list of possibilities that his committee
+  will study in order to cut farm spending.
+      Implementation of a 0/92 program for 1987 winter wheat and
+  1988 feedgrains crops has been introduced by Glickman, which he
+  said would result in a 150-200 mln dlr savings for one year.
+      Tightening up on the use of generic (in-kind, or "pik')
+  certificates will also be another option his committee will
+  study, Glickman said.
+      While not committing himself for or against such action, he
+  said lawmakers have to examine recent government findings which
+  indicate certificates cost more than cash payments.
+      Glickman said rules for the reconstitution of farms and
+  tightening up of the person definition for annual payment
+  limitations is another option and could save 100-200 mln dlrs.
+      He also said increasing acreage set-aside requirements by
+  five pct for wheat and feedgrains at program sign-up was a move
+  that could save about one billion dlrs, but added that he would
+  not be in favor of such a change.
+      Glickman also said that the Export Enhancement Program's,
+  EEP, spending authority of 1.5 billion dlrs is quickly being
+  used up, and Congress will have to decide whether to expand
+  this program while making cuts in other areas.
+      Cuts in the EEP program are unlikely, he said.
+      "I don't see right now that the EEP will be on the chopping
+  block," Glickman said.
+  
+
diff --git a/reuters/training/6721 b/reuters/training/6721
new file mode 100644
index 0000000000000000000000000000000000000000..ea490b354627071c6f9b04a8e4776d88a886be93
--- /dev/null
+++ b/reuters/training/6721
@@ -0,0 +1,31 @@
+CPC <CPC> SEES 1987 HIGHER EARNINGS PER SHARE
+  CPC International Inc said it expects
+  1987 earnings per share to increase over 1986 levels.
+      "We are confident that 1987 will top 1986 in earnings per
+  share and are optimistic about our longer-term future as well,"
+  the company said in its 1986 annual report.
+      In 1986, CPC earned 219.2 mln dlrs, or 2.30 dlrs a share,
+  on revenues of 4.55 billion dlrs compared with income of 142
+  mln dlrs or 1.46 dlrs on sales of 4.21 billion dlrs in 1985.
+  The share figures are adjusted for a 2-for-1 split paid in
+  January.
+      A share buyback program started last year reduced the
+  number of shares outstanding to 82.6 mln at year-end 1986 from
+  97.2 mln dlrs the end of 1985, adjusted for the split.
+      The food and grocery products company also said it was the
+  subject of five stockholder lawsuits and one class action suit,
+  filed last November and December in Delaware, New York and New
+  Jersey.
+      The suits are related to the company's purchase of its
+  shares from Salomon Brothers Inc after Salomon bought a block
+  of the stock from Ronald Perelman, who had acquired nearly 3.7
+  mln CPC shares, or 7.6 pct of the company, last year.
+      The suits allege the company bought the shares back at an
+  artificially inflated price, violating securities laws,
+  breaching directors' fiduciary duties and wasting corporate
+  assets.
+      CPC said the defendants, which include the company, its
+  directors, Salomon and Perelman, deny all the allegations of
+  improper conduct and are defending the suits.
+  
+
diff --git a/reuters/training/6722 b/reuters/training/6722
new file mode 100644
index 0000000000000000000000000000000000000000..f694a07bcbf85c14b8ace70c3a03325976ad0de3
--- /dev/null
+++ b/reuters/training/6722
@@ -0,0 +1,81 @@
+U.S. ENERGY INDUSTRY SAID IN BETTER HEALTH
+  The U.S. oil and gas industry is in
+  better health than it was a year ago, according to testimony
+  given to the Texas Railroad Commission at its annual state of
+  the industry hearing today.
+       The Commission, which regulates the state's oil and gas
+  industry, heard testimony from a number of high-level company
+  executives reflecting a belief that the recent industry
+  downturn had bottomed out.
+       "The attitude expressed here today so far is a great deal
+  more optimistic (than last year)," Commissioner James E. (Jim)
+  Nugent told Reuters.
+       "It reflects their (the executives) belief that they are
+  seeing the bottom of the economic cycle," he added, "and with
+  just a few reasonable breaks this industry can begin to move
+  again."
+       The energy industry was hard hit by the sharp drop in oil
+  prices, which fell from around 30 dlrs a barrel in late 1985 to
+  as low as 10 dlrs in mid-1986. Prices have since steadied to
+  around 18 dlrs a barrel.
+       At the same time, a number of company executives testified
+  that the nation's domestic exploration and production segment
+  was still hurting and in need of government help.
+       Production costs are considerably higher in the United
+  States than in such areas as the Middle East and as prices fell
+  many domestic producers were forced to shut down their
+  operations. Currently, there are only about 760 oil rigs
+  operating in the United States compared with an average of
+  nearly 2,000 in 1985.
+       Citing a study released yesterday by the Department of
+  Energy, many said the falling production of domestic oil
+  coupled with increasing U.S. demand, was leading to a growing
+  dependency on imports, particularly from the politically
+  volatile Middle East.
+       "In the U.S., 1986 petroleum production responded to lower
+  prices, increasing about 2.5 pct, or 400,000 barrels per day
+  (bpd)," said J.S. Simon, General Manager of the Supply
+  Department at Exxon Corp <XON>, the nation's largest oil
+  company.
+       At the same time, Simon said "U.S. oil production declined
+  by 300,000 bpd, the first decline in several years," and "net
+  petroleum imports were up 25 pct to 5.3 mln bpd."
+       Noting that while oil prices were expected to remain
+  between 13 and 20 dlrs a barrel, depending on OPEC's ability to
+  control production, Simon said demand is expected to remain at
+  1986 levels, leading to "a significant amount of spare
+  worldwide production capacity, in excess of 10 mln bpd."
+       He said the surplus capacity would lead to continued
+  volatility and called for "governmental and regulatory policies
+  in support of the domestic petroleum industry."
+       Citing the costs recently imposed by the federal
+  government through the 1986 tax code changes and "Superfund"
+  legislation, Simon called for the repeal of the windfall
+  profits tax, total decontrol of natural gas and improved access
+  to federal lands for oil and gas exploration.
+       Simon did not mention an oil import fee, which many in the
+  industry have called for as a way of building up the nation's
+  domestic operations before imports reach such a level that
+  national security might be compromised.
+       In yesterday's report, the Energy Department said imports
+  could make up 50 pct of U.S. demand by 1995, adding that
+  Persian Gulf producers will provide as much as 65 pct of the
+  free world's total oil consumption by that date.
+       Arguing that "oil is a political tool in every nation on
+  earth," Frank Pitts, chairman of <Pitts Oil Co>, today called
+  for a variable oil import fee, among other measures, "before
+  the treacherous foothold of the Middle East is irreversible and
+  our national security is compromised."
+       Royce Wisenbaker, Chairman of Wisenbaker Production Co,
+  agreed, saying that like many federal government programs that
+  were set up with good intentions, it would probably turn into a
+  "shambles."
+       Wisenbaker added that he was optimistic for the future.
+  "For those of us who have managed to hold on, the worst is
+  over," he said.
+       Roger Hemminghaus, President of Diamond Shamrock Refining
+  and Marketing Co, said he was "enthusiastic about the future,"
+  adding that he expected "an increase in profitability by
+  midyear."
+  
+
diff --git a/reuters/training/6723 b/reuters/training/6723
new file mode 100644
index 0000000000000000000000000000000000000000..802f9f2b48fdaf3a1ac69325847513cce0c86fef
--- /dev/null
+++ b/reuters/training/6723
@@ -0,0 +1,10 @@
+NOVAR ELECTRONICS <NOVR> SEES RESULTS IMPROVING
+  Novar Electronics corp said it
+  expects improved earnings this year due to a rapid expansion of
+  its Logic One computerized buolding management system customer
+  base and expectations of good crime deterrent business.
+      The company today reported earnings for the year ended
+  January Three of 207,514 dlrs, up from 98,050 dlrs a year
+  before.
+  
+
diff --git a/reuters/training/6725 b/reuters/training/6725
new file mode 100644
index 0000000000000000000000000000000000000000..93ef50cb3a6e2749ffe9498d78053c7dfceb52dc
--- /dev/null
+++ b/reuters/training/6725
@@ -0,0 +1,19 @@
+MITSUI <MITSY>, SECURITY PACIFIC <SPC> SET PACT
+  Mitsui and Co Ltd said it has
+  signed a letter of intent with Security Pacific Corp to buy 50
+  pct of Japan Security Pacific Finance Co Ltd, for an
+  undisclosed sum, to form a joint venture.
+      Japan Security Pacific has assets of 200 mln dlrs.
+      The joint venture will introduce various financial products
+  to the customer base of Mitsui and its group of companies, the
+  company said.
+      Security Pacific will provide expertise in consumer and
+  commercial lending, as well as data processing support.
+      Japan Security Pacific Finance is a wholly-owned subsidiary
+  of Security Pacific International Finance Inc, which is owned
+  by Security Pacific Corp.
+      Security Pacific said in addition to originating consumer
+  and commercial loans and leases, the joint venture will market
+  related financial products and services.
+  
+
diff --git a/reuters/training/6726 b/reuters/training/6726
new file mode 100644
index 0000000000000000000000000000000000000000..b5035ed1d3200206534a2c8338c9c4c88de9790c
--- /dev/null
+++ b/reuters/training/6726
@@ -0,0 +1,35 @@
+CAROLINA POWER <CPL> CANCELS GENERATING UNIT
+  Carolina Power and Light Co said
+  its board has decided to cancel coal-fired Mayo Unit Two, the
+  second unit planned for its Mayo Plant in Person County, N.C.
+      The company said the 690,000 kilowatt unit was only about
+  one pct complete and was scheduled for commercial service in
+  1992.
+      Carolina Power said the status of the unit had been under
+  review because of a decision by the North Carolina
+  Environmental Management Commission that would have required
+  the unit to be equipped with expensive sulphur dioxide-removing
+  scrubbers.
+      Carolina Power said Unit One, which has been in operation
+  since 1983, meets all air quality regulations without scrubbers
+  through the use of low-sulphur coal, and "The addition of
+  scrubbers to Mayo Unit Two would have produced only marginal
+  air quality improvements."
+      The company said it will be able to purchase lower-cost
+  power from Duke Power Co <DUK> for intermediate and peaking
+  purposes than the projected cost of power from Mayo Two with
+  scrubbers.  It said it will retain the Mayo Two site for later
+  development of a generating unit.
+      Carolina Power said Mayo Two was projected to cost about
+  877 mln dlrs, including 200 mln dlrs for scrubbers.  "The
+  higher construction costs, plus higher operating costs, would
+  increase the cost of power produced by Mayo Unit Two with
+  scrubbers by about 90 mln dlrs per year."
+      A company spokesman said the company has already spent
+  about 23 mln dlrs on Mayo Two. He said no estimate has yet been
+  made of the cost of canceling the plant, but the company does
+  not expect to take a charge against earnings.  He said Carolina
+  Power intends to include the cancellation costs in rate filings
+  it will make late this year or early next year.
+  
+
diff --git a/reuters/training/6729 b/reuters/training/6729
new file mode 100644
index 0000000000000000000000000000000000000000..eec607312b5bd522bead0900bd1c1cf5eda30cf3
--- /dev/null
+++ b/reuters/training/6729
@@ -0,0 +1,13 @@
+ALLISON'S PLACE INC <ALLS> 4TH QTR NET
+  Qtr ends Jan 31
+      Shr seven cts vs 20
+      Net 1,84,000 vs 387,000
+      revs 9.1 mln vs 6.7 mln
+      Avg shrs 2,804,752 vs 1,875,000
+      12 mths
+      shr 13 cts vs 33 cts
+      Net 315,000 vs 627,000
+      revs 32.4 mln vs 24.6 mln
+      Avg shrs 2,475,943 vs 1,875,000
+  
+
diff --git a/reuters/training/6730 b/reuters/training/6730
new file mode 100644
index 0000000000000000000000000000000000000000..4b4de11275a339b9a6baedf163bdcd0413ef4eb2
--- /dev/null
+++ b/reuters/training/6730
@@ -0,0 +1,6 @@
+CAROLINA POWER AND LIGHT CO <CPL> SETS PAYOUT
+  Qtly div 69 cts vs 69 cts prior
+      Pay May One
+      Record April 10
+  
+
diff --git a/reuters/training/6731 b/reuters/training/6731
new file mode 100644
index 0000000000000000000000000000000000000000..01c83273ad02a5fb46547a35519e3a2a1cd90ef5
--- /dev/null
+++ b/reuters/training/6731
@@ -0,0 +1,9 @@
+PURITAN-BENNETT <PBEN> MAKES ACQUISITION
+  Puritan-Bennedtt Corp said
+  it has acquired a majority interest in Medicom Inc, which makes
+  a heart monitor for use in diagnosing heart disorders, for
+  undisclosed terms.
+      The company said the device will be sold under the name
+  Companion Heart Monitor.
+  
+
diff --git a/reuters/training/6732 b/reuters/training/6732
new file mode 100644
index 0000000000000000000000000000000000000000..02fbe6d058422450da50e50076e330b75dcb3eaf
--- /dev/null
+++ b/reuters/training/6732
@@ -0,0 +1,13 @@
+MURRAY OHIO <MUR> SEES HIGHER FIRST QUARTER NET
+  Murray Ohio Manufacturing Co
+  said it expects first quarter earnings to be higher than the
+  year-ago 4,800,840 dlrs or 1.25 dlrs per share due to excellent
+  lawn and garden shipments.
+      The company said bicycle sales were soft early in the
+  period, but recent orders and shipments have been running well
+  ahead of last year.
+      It said it expects to meet analysts' projections of
+  earnings for the full year of 1.50 dlrs per share and it could
+  possibly exceed the estimate if orders continue strong.
+  
+
diff --git a/reuters/training/6733 b/reuters/training/6733
new file mode 100644
index 0000000000000000000000000000000000000000..5c2853cfbb23635dfcb34998cc816002f0522d34
--- /dev/null
+++ b/reuters/training/6733
@@ -0,0 +1,6 @@
+DEL-VAL FINANCIAL CORP <DVL> SETS PAYOUT
+  Mthly div 14-1/2 cts vs 14-1/2 cts prior
+      Pay July One
+      Record June 17
+  
+
diff --git a/reuters/training/6734 b/reuters/training/6734
new file mode 100644
index 0000000000000000000000000000000000000000..7f017091509f657793fa0a0cbc92576a97b98c4e
--- /dev/null
+++ b/reuters/training/6734
@@ -0,0 +1,9 @@
+ENRON <ENE> TO PAY DIVIDENDS ON PREFERRED
+  Enron Corp said it will pay accrued
+  second quarter dividends on the three series of preferred stock
+  it will redeem on May 1.
+      The company said it will pay second quarter accrued
+  dividends to the redemption date of 53 cts per share on the
+  6.40 pct stock, 56 cts on 6.84 pct and 70 cts on 8.48 pct.
+  
+
diff --git a/reuters/training/6735 b/reuters/training/6735
new file mode 100644
index 0000000000000000000000000000000000000000..1569730055360ff3c6cc7eb34f646328b15cb860
--- /dev/null
+++ b/reuters/training/6735
@@ -0,0 +1,11 @@
+USSR CORN BUYING MAY BE 3.5 MLN TONNES--AMSTUTZ
+  The Soviet Union's recent corn
+  purchases from the United States could total as much as 3.5 mln
+  tonnes, U.S. Agriculture Undersecretary Daniel Amstutz said.
+      "We are not sure how much (Soviets have bought) but we think
+  it could be as high as 3.5 mln tonnes," Amstutz told a House
+  Agriculture Appropriations Subcommittee.
+      He added that China also will need to import more corn this
+  year than earlier anticipated, but he gave no figures.
+  
+
diff --git a/reuters/training/6737 b/reuters/training/6737
new file mode 100644
index 0000000000000000000000000000000000000000..9a87a23d32353e04879a413c17d92351583b0541
--- /dev/null
+++ b/reuters/training/6737
@@ -0,0 +1,17 @@
+ALLISON'S PLACE <ALLS> SALES INCREASE IN FEBRUARY
+  Allison's Place Inc president
+  Marvin Schenker said company-owned stores sales for February
+  increased 82 pct over the same period last year.
+      He said comparable store sales in February increased 36
+  pct.
+      The company, which owns and franchises a total of 237
+  clothing outlets where all articles cost six dlrs, will
+  increase that figure to seven dlrs starting March 1, Schenker
+  said.
+      He said the impact of that boost will start to be felt in
+  the early part of the company's second quarter and continue
+  throughout the year.
+      Schenker said costs of the company's merchandise will not
+  increase.
+  
+
diff --git a/reuters/training/6738 b/reuters/training/6738
new file mode 100644
index 0000000000000000000000000000000000000000..861368b0c00c01e8f9effa8afe22c62f05bdd1f9
--- /dev/null
+++ b/reuters/training/6738
@@ -0,0 +1,13 @@
+BORMAN'S INC <BRF> 4TH QTR NET
+  Shr 1.10 dlrs vs 1.33 dlrs
+      Net 3,065,000 vs 3,730,000
+      Sales 273.9 mln vs 241.0 mln
+      Year
+      Shr 3.27 dlrs vs 2.62 dlrs
+      Net 9,168,000 vs 7,338,000
+      Sales 1.07 billion vs 987.2 mln
+      NOTE: Fiscal 1987 net includes tax credits of 10 cts for
+  the fourth quarter and 1.04 dlrs for the year compared with 43
+  cts and 85 cts in the respective periods of fiscal 1986.
+  
+
diff --git a/reuters/training/6739 b/reuters/training/6739
new file mode 100644
index 0000000000000000000000000000000000000000..a18792d54175ad8a771cc76c473ecb8a889ea914
--- /dev/null
+++ b/reuters/training/6739
@@ -0,0 +1,9 @@
+(CORRECTED)-BANKERS TRUST NEW YORK <BT> PAYOUT
+  Qtly div 41-1/2 cts vs 41-1/2 cts prior
+      Pay April 25
+      Record March 31
+      NOTE: Full name Bankers Trust New York Corp.
+      (Company corrects pay date, April 25, not April 28 in story
+  that ran yesterday.
+  
+
diff --git a/reuters/training/6740 b/reuters/training/6740
new file mode 100644
index 0000000000000000000000000000000000000000..0c977b198611d24dc156981d76fbeb26a715fd01
--- /dev/null
+++ b/reuters/training/6740
@@ -0,0 +1,16 @@
+NE ELECTRIC <NES> AUDITORS QUALIFY ANNUAL REPORT
+  New England Electric System's auditors
+  have again qualified the utility's annual report because of
+  uncertainty about whether its oil and gas subsidiary can
+  recover its investments.
+      The qualification was noted in the annual report which New
+  England Electric released at a security analysts meeting today.
+  The auditors also qualified the company's 1985 report for the
+  same reason, noting the sharp drop in oil and gas prices in
+  early 1986.
+      President Samuel Huntington told analysts the utility will
+  have to take a write-down of about 235 mln dlrs if Federal
+  regulators do not allow the company to pass on the losses cited
+  by the accountants to its rate payers.
+  
+
diff --git a/reuters/training/6741 b/reuters/training/6741
new file mode 100644
index 0000000000000000000000000000000000000000..7c62dc18641cfb3191d3c1659136241fe06bc6ef
--- /dev/null
+++ b/reuters/training/6741
@@ -0,0 +1,9 @@
+CORRECTED - FEDERAL PAPER <FBT> RAISES PAYOUT
+  Qtly div 17-1/2 cts vs 17-1/4 cts
+      Pay April 15
+      Record March 31
+      NOTE: Full name Federal Paper Board Co.
+      (Corrects headline and dividend figure in item appearing
+  March 17 to show dividend was raised.)
+  
+
diff --git a/reuters/training/6742 b/reuters/training/6742
new file mode 100644
index 0000000000000000000000000000000000000000..032e0564b23f6cf686ae69539b861c1d237e4536
--- /dev/null
+++ b/reuters/training/6742
@@ -0,0 +1,52 @@
+NE ELECTRIC SEES HIGHER CONSTRUCTION OUTLAYS
+  New England Electric System <NES>
+  expects its cash construction spending to reach 205 mln dlrs
+  this year, up from 188 mln dlrs in 1986, the utility said in
+  material distributed at an analysts meeting.
+      It said spending is expected to advance to 215 mln dlrs in
+  1988 and 220 mln dlrs in 1989.
+      The utility said these totals exclude spending on New
+  England Hydro-Transmission being built to import electricity
+  from Quebec Hydro. New England Electric is the operator of this
+  venture as well as owning 51 pct of the project.
+      The venture expects to spend 65 mln dlr this year, 105 mln
+  dlrs next year and 125 mln dlrs in 1989 to build transmission
+  lines from northern Quebec into New England, the utility said.
+      New England Electric said internally generated funds will
+  cover all of its power plant construction costs this year and
+  65 pct of the 108 mln dlrs its retail distribution units plan
+  to spend in 1987.
+      The company said it also expects to spend 60 mln dlrs on
+  its oil and gas activities this year, adding internally
+  generated funds are expected to provide 85 pct of this total.
+      New England Electric said it plans to issue 30 mln dlrs
+  worth of pollution control bonds in 1987 and retire additional
+  higher cost preferred stock. Its Granite State Electric unit
+  plans to issue five mln dlrs of long term notes early this year
+  as well.
+      The company said it does not plan to offer common shares
+  this year or in the foreseeable future, but expects to raise
+  about 40 mln dlrs in equity through the sale of stock under its
+  dividend reinvestment plan and employee share plans.
+      President Samuel Huntington told the analysts the
+  construction spending projection is based on the expectation
+  that demand for electricity in the New England electric system
+  will grow about two pct a year for the next 15 years.
+      However, the utility cannot ignore the potential for
+  sharper growth, he said, pointing out that demand was up 5.2
+  pct in 1986 and 4.7 pct per year in the past four years.
+      He attributed this growth to declining electricity prices
+  and a strong New England economy.
+      Huntington said New England Elecetric has "all but rejected
+  new coal fired plants" to supply additional power.
+      He said the most attractive new power supplies are those
+  with short lead times which can be built in modules.
+      Later, vice president Glenn Schleede said the utility is
+  looking at gas-fired, combined cycle generating units to supply
+  most of its new power needs, but has not rejected coal-fired
+  fluidized bed units.
+      He explained that fluidized bed technology is available in
+  modular units, adding that Huntington was referring to the
+  traditional coal-fired plant which burns pulverized coal.
+  
+
diff --git a/reuters/training/6743 b/reuters/training/6743
new file mode 100644
index 0000000000000000000000000000000000000000..afb1fa16a4970823be91cce459b78c7ea56e6f76
--- /dev/null
+++ b/reuters/training/6743
@@ -0,0 +1,9 @@
+RADA ELECTRONIC INDUSTRIES<RADIF> NINE MTHS NET
+  Ended December 31
+      Shr three cts vs nine cts
+      Net 220,000 vs 721,000
+      Revs 4,920,000 vs 4,184,000
+      Avg shrs 6,425,925 vs 6,599,000
+      NOTE: Full name Rada Electronic Industries Ltd.
+  
+
diff --git a/reuters/training/6744 b/reuters/training/6744
new file mode 100644
index 0000000000000000000000000000000000000000..9493f12775bcc049083dc379561d197d71c9accb
--- /dev/null
+++ b/reuters/training/6744
@@ -0,0 +1,27 @@
+U.S. WHEAT GROWERS SET STATE DEPT TRADE MEETING
+  The National Association of Wheat
+  Growers, NAWG, board of directors is scheduled to meet
+  Secretary of State George Schultz and Undersecretary of State
+  Allen Wallis to discuss the Department's current role in farm
+  trade policy, the association said.
+      NAWG President Jim Miller said in a statement that the
+  organization wanted to convey to Secretary Schultz the
+  importance that exports hold for U.S. agriculture and the
+  degree to which farmers are dependent upon favorable State
+  Department trade policies to remain profitable.
+      "Foreign policy decisions of the U.S. State Department have
+  in the past severely hampered our efforts to move our product
+  to overseas markets," he said.
+      Miller noted Secretary Schultz is scheduled to meet next
+  month with representatives of the Soviet Union, and the NAWG
+  "wanted to be certain the secretary was aware of our concerns
+  regarding the reopening of wheat trade with the Soviet Union."
+      The annual spring NAWG board of directors meeting is held
+  in Washington to allow grower-leaders from around the country
+  to meet with their state congressional delegations and members
+  of the executive branch.
+      The purpose is to discuss the current situation for
+  producing and marketing wheat and help set the legislative and
+  regulatory agenda for the coming year, the NAWG statement said.
+  
+
diff --git a/reuters/training/6746 b/reuters/training/6746
new file mode 100644
index 0000000000000000000000000000000000000000..409d0247a0ae04c59af97119b565669e17567042
--- /dev/null
+++ b/reuters/training/6746
@@ -0,0 +1,20 @@
+DOE SECRETARY PROPOSES OIL TAX INCENTIVES
+  Energy Secretary John Herrington
+  said he will propose tax incentives to increase domestic oil
+  and natural gas exploration and production to the Reagan
+  Administration for consideration.
+      "These options boost production, while avoiding the huge
+  costs associated with proposals like an oil import fee,"
+  Herrington told a House Energy subcommittee hearing. "It is my
+  intention to submit these proposals to the domestic policy
+  council and the cabinet for consideration and review."
+      "The goal of the Administration policies is to increase
+  domestic production. I would like to shoot for one mln barrels
+  a day," he said.
+      The proposals were based on a DOE study released yesterday
+  warning the United States was threatened by a growing
+  dependence on oil imports.
+      "We project free world dependence on Persian Gulf oil at 65
+  pct by 1995," Herrington said.
+  
+
diff --git a/reuters/training/6747 b/reuters/training/6747
new file mode 100644
index 0000000000000000000000000000000000000000..70df8f22928ca0b515f745ab4efdb8da22fcd9db
--- /dev/null
+++ b/reuters/training/6747
@@ -0,0 +1,14 @@
+CHILDREN'S DISCOVERY <CDCRA> 4TH QTR LOSS
+  Shr loss 18 cts vs profit six cts
+      Net loss 509,471 vs profit 163,840
+      Revs 2,623,974 vs 1,835,580
+      12 mths
+      Shr loss 18 cts vs profit 10 cts
+      Net loss 494,352 vs profit 173,948
+      Revs 10.1 mln vs 3,551,429
+      NOTE: 4th qtr loss reflects 290,000 dlrs of non-recurring
+  expenses related to senior management changes.
+      Full name of company is Children's Discovery Centers of
+  America Inc.
+  
+
diff --git a/reuters/training/6748 b/reuters/training/6748
new file mode 100644
index 0000000000000000000000000000000000000000..4bb132e16b9fd82079089c54767b4f2eabc07634
--- /dev/null
+++ b/reuters/training/6748
@@ -0,0 +1,12 @@
+CPI CORP <CPIC> TO POST HIGHER 1986 RESULTS
+  CPI Corp said it expects to post
+  higher sales and earnings for its fiscal year ended February 7
+  when it officially reports results in three weeks.
+      It said preliminary figures show total sales of 258 mln
+  dlrs, up 30 pct from 198 mln dlrs in its 1985 fiscal year. Net
+  earnings from continuing operations rose to 18 mln dlrs, up
+  almost 31 pct from 13.9 mln dlrs, while per share earnings from
+  continuing operations were 2.22 dlrs, up 23 pct from 1.80 dlrs.
+  There were 552,500 additional shares outstanding.
+  
+
diff --git a/reuters/training/6751 b/reuters/training/6751
new file mode 100644
index 0000000000000000000000000000000000000000..76565ab906e0f2afbe48c47bd52a49c4a92fe93f
--- /dev/null
+++ b/reuters/training/6751
@@ -0,0 +1,9 @@
+JAMAICA AUTHORIZED TO BUY PL 480 WHEAT - USDA
+  Jamaica has been authorized to
+  purchase about 56,000 tonnes of U.S. wheat under an existing PL
+  480 agreement, the U.S. Agriculture Department said.
+      It may buy the wheat, valued at 7.0 mln dlrs, between March
+  25 and August 341 and ship it from U.S. ports and/or Canadian
+  transshipment points by September 30, 1987.
+  
+
diff --git a/reuters/training/6752 b/reuters/training/6752
new file mode 100644
index 0000000000000000000000000000000000000000..255c147b898f53ecfc355fe95ce5e4da33a7a013
--- /dev/null
+++ b/reuters/training/6752
@@ -0,0 +1,51 @@
+LAIDLAW TRANSPORTATION <LDMFA> SEES BETTER YEAR
+  Laidlaw Transportation Ltd said
+  earnings per share for the current fiscal year should increase
+  by "substantially more" than the 30 pct average annual growth
+  experienced in the last four years.
+      Revenues for the year ended August 31 will be about 1.2
+  billion dlrs, including GSX Corp, the U.S. waste services unit
+  acquired from Imasco Ltd last year for 358 mln dlrs, Laidlaw
+  president Michael de Groote told analysts.
+      Last year, Laidlaw had operating earnings of 66.2 mln dlrs,
+  or 63 cts per share, on revenues of 717.8 mln dlrs.
+      De Groote also said the company expects "excellent results"
+  in the second quarter ended February 28, but would not be more
+  specific.
+      He said his revenue estimate for fiscal 1987 does not
+  include possible further acquisitions and said that the
+  addition of GSX will produce increasing benefits in fiscal 1988
+  through fiscal 1990.
+      De Groote said the increased earnings in the previous four
+  quarters was due partly to internal growth of about 15 pct. The
+  rest came from acquisitions, he said.
+      Laidlaw expects to sell a small rubber recycling operation,
+  a subsidiary of GSX, within the next few weeks, but this will
+  not make any material contribution to earnings, de Groote said.
+      He also said he is "not very optimistic" about the ongoing
+  negotiations to buy 50 pct of Tricil Ltd, a Toronto-based
+  chemical and solid waste services company with Canadian and
+  U.S. operations, from <Trimac Ltd> of Calgary.
+      De Groote said that, regardless of the outcome of the
+  proposed Tricil acquisition, Laidlaw will decide within the
+  next 30 days whether to stay in the North American chemical
+  waste business through GSX Corp.
+      "We feel it is a profitable business with good growth
+  potential and we now want to stay in it if we can get the right
+  management," de Groote said.
+      Laidlaw financed the acquisition of GSX by its U.S.
+  subsidiary, Laidlaw Transportation Inc, with the proceeds of a
+  200 mln Canadian dlr preferred stock issue and borrowing.
+      De Groote said the company will gain about 138 mln dlrs in
+  cash by August 31 from the exercise of warrants.
+      De Groote also said waste services in fiscal 1987 will
+  represent about 49 pct of revenues, school buses will
+  contribute 49 pct and trucking about two pct.
+      The trucking subsidiary in western Canada is performing
+  well and there are no plans to sell it, he said.
+      He would not estimate the contribution of each segment to
+  earnings per share for the year. He also said that further
+  acquisitions of school bus operations in the U.S. are likely
+  within the next few months.
+  
+
diff --git a/reuters/training/6757 b/reuters/training/6757
new file mode 100644
index 0000000000000000000000000000000000000000..6dd74259bf47f0990742aafb0306346f5b11b123
--- /dev/null
+++ b/reuters/training/6757
@@ -0,0 +1,17 @@
+PERU SHORT-TERM TRADE LINES RISE TO 430 MLN DLRS
+  peru's short-term foreign trade credit
+  lines have more than doubled to 430 mln dlrs under president
+  alan garcia's 20-month administration.
+      Central bank general manager hector neyra told reporters 
+  that many of the credits were for 90-day terms and could be
+  used several times a year.
+      The trade credits stood at 210 million dollars when garcia
+  took office on july 28, 1985, and announced foreign debt
+  payments would be limited to 10 pct of export earnngs.
+      Neyra told reuters that peru was current on interest
+  payments on short-term debt, including the trade credit lines
+  and on about 750 million dollars in so-called  "working capital"
+  credits.
+      Neyra did not specify the source of the trade credit lines.
+  
+
diff --git a/reuters/training/6758 b/reuters/training/6758
new file mode 100644
index 0000000000000000000000000000000000000000..891d1ba605e4fda2cd481ff5450adc77770a7dd5
--- /dev/null
+++ b/reuters/training/6758
@@ -0,0 +1,15 @@
+BRAZIL'S GDP GREW 8.2 PCT LAST YEAR
+  Brazil's Gross Domestic Product,
+  GDP, rose by 8.2 pct in real terms last year following an 8.3
+  pct increase in 1985, the Geography and Statistics Institute
+  said.
+      In money terms this equalled 3.6 trillion Cruzados, giving
+  per capita GDP of 26,120 Cruzados, or 1.6 pct above the level
+  achieved in 1980 before the recession of 1981-1983, the
+  Institute said in a statement.
+      Agricultural output, hit by adverse weather, fell by 7.3
+  pct last year led by coffee production which was 46 pct down.
+      Industry grew 12.1 pct, including capital goods by 21.6 pct
+  and consumer goods by 20.3 pct, while services were up 8.3 pct.
+  
+
diff --git a/reuters/training/6759 b/reuters/training/6759
new file mode 100644
index 0000000000000000000000000000000000000000..1272eb1f874eca15a24edcd7756e4202ed1b222f
--- /dev/null
+++ b/reuters/training/6759
@@ -0,0 +1,10 @@
+ENSOURCE INC <EEE> 4TH QTR LOSS
+  Shr loss 60 cts vs loss 6.50 dlrs
+      Net loss 2,012,000 vs loss 21.9 mln
+      Revs 8.6 mln vs 13.5 mln
+      Year
+      Shr loss 1.04 dlrs vs loss 5.96 dlrs
+      Net loss 3.5 mln vs loss 20.2 mln
+      Revs 36.6 mln vs 52.1 mln
+  
+
diff --git a/reuters/training/6760 b/reuters/training/6760
new file mode 100644
index 0000000000000000000000000000000000000000..3f2df6e65c868c0b759757ed6bc854321e12904a
--- /dev/null
+++ b/reuters/training/6760
@@ -0,0 +1,22 @@
+MEXICAN HYDROCARBON RESERVES FALL SLIGHTLY IN 1986
+  mexico's proven reserves of liquid
+  hydrocarbons at end-1986 were 70 billion barrels, slightly down
+  from 70.9 billion a year ago and 71.75 billion in 1984, the
+  state oil company petroleos mexicanos (pemex) announced.
+      Reserves were just 5.77 billion barrels in 1974, rose
+  sharply to 40.19 billion in 1978 and flattened out at 72
+  billion in both 1981 and 1982.
+      In its annual report, pemex said average crude output in
+  1986 was 2.43 mln barrels per day, 202,000 bpd down on 1985.
+  Average exports were 1.29 mln bpd, down from 1.44 mln bpd.
+      The company did not say what percentage of hydrocarbons was
+  crude oil, but has previouly said it was about 48 pct.
+      Natural gas output in 1986 was 3.43 billion cubic feet per
+  day, down from 3.6 billion in 1985.
+      Due mainly to the fall in oil prices to around 12 dlrs from
+  25 dlrs in the year, 58 wells, both exploratory and production,
+  were suspended, 38 of them in less productive areas than the
+  offshore campeche fields which accounted for 64 pct of
+  production.
+  
+
diff --git a/reuters/training/6761 b/reuters/training/6761
new file mode 100644
index 0000000000000000000000000000000000000000..12e6a592e65fca5b8bd6181d43e0049ba8b851a8
--- /dev/null
+++ b/reuters/training/6761
@@ -0,0 +1,8 @@
+GREAT LAKES FEDERAL <GLFS> HIKES DIVIDEND
+  Qtly div 15 cts vs 10 cts prior qtr
+      Pay 17 April
+      Record 3 April
+      NOTE: Great Lakes Federal Savings and Loan is full name of
+  company.
+  
+
diff --git a/reuters/training/6762 b/reuters/training/6762
new file mode 100644
index 0000000000000000000000000000000000000000..7c302f23fbe59d8797f97d3fd4e5a978c975fa15
--- /dev/null
+++ b/reuters/training/6762
@@ -0,0 +1,11 @@
+MURRAY OHIO <MYO> SEES HIGHER 1ST QTR EARNINGS
+  The Murray Ohio Manufacturing
+  Co said it expects first quarter earnings to be higher than the
+  4,800,840 dlrs, or 1.25 dlrs per share, it recorded for the
+  first quarter of last year.
+      The company, which produces lawn mowers and bicycles, said
+  earnings are ahead of last year due to increased lawn and
+  garden shipments in January and February and a record-setting
+  pace in March.
+  
+
diff --git a/reuters/training/6763 b/reuters/training/6763
new file mode 100644
index 0000000000000000000000000000000000000000..995c185e090802c139f17c73a560debd98d4d296
--- /dev/null
+++ b/reuters/training/6763
@@ -0,0 +1,11 @@
+ALLEGHANY CORP <Y> DECLARES 1987 DIVIDEND
+  Alleghany Corp said its board 
+  declared a stock dividend of one share of its common for every
+  50 shares outstanding, as the company's dividend on its company
+  for 1987.
+      It said the dividend will be distributed on April 30, to
+  holders of record on March 30.
+      Alleghany said cash will be paid in lieu of any fractional
+  shares of its stock.
+  
+
diff --git a/reuters/training/6764 b/reuters/training/6764
new file mode 100644
index 0000000000000000000000000000000000000000..99336a9e03aeca07e94ac5a77d04e8c583716b1a
--- /dev/null
+++ b/reuters/training/6764
@@ -0,0 +1,14 @@
+HOUSE SUBCOMMITTEE VOTES CREDIT CARD RATE CAP
+  A House Banking subcommittee has
+  approved legislation to limit the interest rates charged by
+  banks and other credit card issuers.
+      The Consumer Affairs and Coinage subcommittee bill would
+  limit credit card interest rates at eight percentage points
+  above the yield on one-year Treasury securities.
+      If in effect now, the bill would limit credit card rates to
+  13.8 pct compared to a nation-wide average of 18 pct, the
+  subcommittee said.
+      The bill now goes to the full House Banking committee for
+  further action.
+  
+
diff --git a/reuters/training/6765 b/reuters/training/6765
new file mode 100644
index 0000000000000000000000000000000000000000..b5cc8e2c0eefd1bd4f5f7196ccdfddd234c48f8e
--- /dev/null
+++ b/reuters/training/6765
@@ -0,0 +1,12 @@
+PREMIER INDUSTRIAL CORP <PRE> 3RD QTR NET
+  Ended Feb 28
+      Shr 39 cts vs 35 cts
+      Net 11.5 mln vs 10.4 mln
+      Revs 111.0 mln vs 104.6 mln
+      Nine mths
+      Shr 1.16 dlrs vs 1.04 dlrs
+      Net 34.3 mln vs 30.8 mln
+      Revs 335.2 mln vs 320.0 mln
+      Avg shrs 26.7 mln vs 29.6 mln
+  
+
diff --git a/reuters/training/6767 b/reuters/training/6767
new file mode 100644
index 0000000000000000000000000000000000000000..55869ef6af37b8c2629e2a29f62832739a96f5be
--- /dev/null
+++ b/reuters/training/6767
@@ -0,0 +1,11 @@
+UNION <UCO> TO SELL UNION FLONETICS UNIT
+  Union Corp said it agreed
+  in principle to sell its Union Flonetics Corp subsidiary to
+  Irvin Kaplan, a Houston investor.
+      The unit makes valves and marine specialty equipment for 
+  the military. Kaplan is also controlling shareholder of <Hunt
+  Valve Co Inc>.
+      The amount of the cash transaction, expected to close in
+  April, was not disclosed.
+  
+
diff --git a/reuters/training/677 b/reuters/training/677
new file mode 100644
index 0000000000000000000000000000000000000000..79b5528f7531bc12e33039cfae1fcb03d7cc9fb2
--- /dev/null
+++ b/reuters/training/677
@@ -0,0 +1,30 @@
+VERSATILE TO BUILD POLAR ICE BREAKER
+  Versatile Corp's shipbuilding subsidiary
+  has a letter of intent to build a 320 mln dlr polar icebreaker
+  for the Canadian coast guard, Transport Minister John Crosbie
+  said.
+      In a Vancouver address, Crosbie said Versatile Pacific
+  Shipyards Inc was the low bidder to build the Arctic Class 8
+  icebreaker, but the company must meet certain financial and
+  engineering conditions before the contract is awarded.
+      The government also announced it will provide up to 13 mln
+  dlrs in loan insurance to help Versatile prepare for the
+  construction of the vessel.
+  said before the contract can be awarded Versatile "will be
+  required to offer assurances that the shipyard is technically
+  and financially capable of performing the work."
+      Crosibie said Versatile's bid was 100 mln dlrs lower than
+  competing bidders and will generate 1,000 person years of
+  direct employment.
+      Work on the vessel, which Crosbie said would be the most
+  powerful icebreaker in the world, would begin next year and
+  completed in 1992.
+      The government announced plans to build the icebreaker last
+  year following the controversial passage of the U.S. Coast
+  Guard's vessel, the Polar Sea, through the disputed Northwest
+  Passage. The U.S. government did not seek permission for the
+  journey, claiming the area was an international water way.
+      The government said the icebreaker was needed to back up
+  the country's claim of sovereignty in the Arctic.
+  
+
diff --git a/reuters/training/6770 b/reuters/training/6770
new file mode 100644
index 0000000000000000000000000000000000000000..23dda4013338f68384f01b1762185fd70e32b517
--- /dev/null
+++ b/reuters/training/6770
@@ -0,0 +1,46 @@
+U.S. BANK INCOME SHOWS FIRST DROP IN 25 YEARS
+  Problems in the farmbelt and
+  oilpatch regions contributed to the first decline in overall
+  income for U.S. banks in a quarter century, the Federal Deposit
+  Insurance Corp (FDIC) said.
+      The nation's 14,181 commercial banks had net income of 17.8
+  billion dlrs in 1986, down slightly from 1985's record 18.1
+  billion dlrs.
+      The total was still the second highest ever reported, but
+  it was the first time income had not grown since 1961.
+      The figures reflected a radical split in the health of
+  banks in the two halves of the country, the FDIC said.
+      In the East, one in 12 banks had losses last year, while
+  one in four banks west of the Mississippi River had losses.
+      Nationwide, one out of five banks reported losses, the FDIC
+  said in the first of a new series of quarterly banking profiles
+  it planned to issue.
+      "I don't remember a time when there was such a clear
+  distinction by geographic area," FDIC Chairman William Seidman
+  told reporters.
+      He said that while the figures were not good, they showed
+  the problem did not lie with the banking system as a whole but
+  with regional differences in economic performance.
+      Some 44 banks have failed so far this year, twice as many
+  as failed by this time a year ago, but Seidman said he doubted
+  the pace would continue. 
+      On a positive note, banks increased capital to a record 208
+  billion dlrs last year, and there has been a slowing in the
+  number of new problem banks in all regions except the
+  Southwest, Seidman said.
+      Banks' provision for losses from bad loans in the fourth
+  quarter increased to 21.7 billion dlrs, a 23 pct rise from a
+  year ago.
+      Large banks -- those with assets of one billion dlrs or
+  more -- reporting fourth-quarter losses totaled 22, the FDIC
+  said.
+      Seidman said it was too early to say what effect Brazil's
+  moratorium on debt interest payments would have on U.S. banks.
+      He said bank deregulation had given managers more freedom
+  to run their banks and that an increase in failures was to be
+  expected.
+      But this freedom from regulatory restraints also has meant
+  other banks that were better managed have gotten stronger,
+  Seidman said.
+  
+
diff --git a/reuters/training/6771 b/reuters/training/6771
new file mode 100644
index 0000000000000000000000000000000000000000..14ef9600d8339da648f4bc935c5864c392e81b0b
--- /dev/null
+++ b/reuters/training/6771
@@ -0,0 +1,12 @@
+SOMERSET SAVINGS BANK <SOSA> 4TH QTR FEB 28 NET
+  Shr 55 cts vs NA
+      Net 2,512,000 vs 773,000
+      Year
+      Net 7,123,000 vs 3,098,000
+      Assets 417.7 mln vs 251.1 mln
+      Deposits 329.4 mln vs 230.1 mln
+      Loans (net) 366.1 mln vs 205.2 mln
+      NOTE: Some per shr amounts not available as company
+  converted to public ownership in July 1986.
+  
+
diff --git a/reuters/training/6773 b/reuters/training/6773
new file mode 100644
index 0000000000000000000000000000000000000000..e83b97ffb8da4b058a554a22931a0bcac50a3d0c
--- /dev/null
+++ b/reuters/training/6773
@@ -0,0 +1,8 @@
+VESTAR SECURITIES INC <VES> SETS PAYOUT
+  Qtrly div 30.1 cts vs 34.1 cts prior
+      Pay April 14
+      Record March 31
+      NOTE: company said prior qtr includes end of year
+  additional four cts dividend.
+  
+
diff --git a/reuters/training/6774 b/reuters/training/6774
new file mode 100644
index 0000000000000000000000000000000000000000..558f89a9fb2f547477b394b4fa92047a722f3fd6
--- /dev/null
+++ b/reuters/training/6774
@@ -0,0 +1,7 @@
+AMERITECH <AIT> REGULAR DIVIDEND SET
+  Qtly div 1.25 dlrs vs 1.25 dlrs
+      Pay May 1
+      Record March 31
+      NOTE: Full name is American Information Technologies Corp
+  
+
diff --git a/reuters/training/6776 b/reuters/training/6776
new file mode 100644
index 0000000000000000000000000000000000000000..dbc488a93bf45cb5ffb3c6b3384042d3963edaf3
--- /dev/null
+++ b/reuters/training/6776
@@ -0,0 +1,6 @@
+HARTFORD NATIONAL CORP <HNAT> DECLARES DIVIDEND
+  Qtly div 30 cts vs 30 cts prior
+      Pay April 20
+      Record March 31
+  
+
diff --git a/reuters/training/6777 b/reuters/training/6777
new file mode 100644
index 0000000000000000000000000000000000000000..0a8ad988b0c89a5f52d164cd98c7f243c3242988
--- /dev/null
+++ b/reuters/training/6777
@@ -0,0 +1,6 @@
+ARKANSAS BEST CORP <ABZ> DECLARES QTLY DIVIDEND
+  Qtly div nine cts vs nine cts prior
+      Pay April 13
+      Record March 30
+  
+
diff --git a/reuters/training/6778 b/reuters/training/6778
new file mode 100644
index 0000000000000000000000000000000000000000..6fcb588cce79524a0053d8193951746d504aa12d
--- /dev/null
+++ b/reuters/training/6778
@@ -0,0 +1,14 @@
+AUDITORS LIFT QUALIFICATION ON PS INDIANA <PIN>
+  Auditors for Public Service
+  Co of Indiana Inc lifted a qualification, in effect for two
+  years, on its 1986 financial results, according to the
+  company's annual shareholders' report.
+      PSI's report was qualified in 1984 and 1985 when its
+  auditors, Arthur Andersen and Co, questioned the utility's
+  ability to recover costs of its Marble Hill nuclear power plant
+  and to extend the maturity of its credit agreement.
+      The company wrote off 141 mln dlrs of Marble Hill costs in
+  November, 1986 and repaid its final 20 mln dlrs in debt in
+  October, 1986, it said.
+  
+
diff --git a/reuters/training/6779 b/reuters/training/6779
new file mode 100644
index 0000000000000000000000000000000000000000..aba5e5355f75a546508350640a7660c0d313a8ee
--- /dev/null
+++ b/reuters/training/6779
@@ -0,0 +1,12 @@
+MARSHALL INDUSTRIES <MI> 3RD QTR FEB 28 NET
+  Shr 14 cts vs 12 cts
+      Net 1,017,000 vs 877,000
+      Sales 68.1 mln vs 61.2 mln
+      Nine Mths
+      Shr 40 cts vs 17 cts
+      Net 2,986,000 vs 1,215,000
+      Sales 205.3 mln vs 174 mln
+      Note: Per share figure reflects two-for-one stock split of
+  July 1986.
+  
+
diff --git a/reuters/training/6783 b/reuters/training/6783
new file mode 100644
index 0000000000000000000000000000000000000000..2fdd5f6deff3cceaf999b9816cf0fecfccc26ed1
--- /dev/null
+++ b/reuters/training/6783
@@ -0,0 +1,7 @@
+FINANCIAL BENEFIT GROUP INC <FBGI> YEAR LOSS
+  Shr loss 11 cts vs loss 48 cts
+      Net loss 254,000 vs loss 784,000
+      NOTE: Includes realized gains of one mln dlrs versus
+  840,000 dlrs.
+  
+
diff --git a/reuters/training/6784 b/reuters/training/6784
new file mode 100644
index 0000000000000000000000000000000000000000..e6de32266a6ae01824a7aa88f41624a5c5920d37
--- /dev/null
+++ b/reuters/training/6784
@@ -0,0 +1,17 @@
+ARKANSAS BEST <ABZ> SEES LOWER FIRST QTR NET
+  Arkansas Best Corp said its
+  1987 first quarter earnings will be significantly lower than
+  fully diluted earnings of 22-1/2 cts per share in last year's
+  first quarter.
+      The company said pricing competition and lower traffic
+  levels in the motor carrier industry hurt its first quarter
+  results.
+      However, the company said its furniture and tire operations
+  are more profitable this year than last year.
+      Arkansas Best also said that if the industry sustains the
+  upcoming 2.9 pct motor carrier rate hike it will offset the
+  Teamster labor increase scheduled for April 1.
+      It said the labor increase then will be 3.2 pct for ABF
+  Freight System, its largest unit.
+  
+
diff --git a/reuters/training/6785 b/reuters/training/6785
new file mode 100644
index 0000000000000000000000000000000000000000..ff08ffc9f67548b7eb16b2e9ee1df154efb4fced
--- /dev/null
+++ b/reuters/training/6785
@@ -0,0 +1,8 @@
+URS CORP <URS> 1ST QTR JAN 31 NET
+  Shr primary 29 cts vs 26 cts
+      Shr diluted 27 cts vs 23 cts
+      Net 1,500,000 vs 1,008,000
+      Revs 30 mln vs 23.1 mln
+      Avg shrs pimary 5,254,000 vs 3,821,000
+  
+
diff --git a/reuters/training/6787 b/reuters/training/6787
new file mode 100644
index 0000000000000000000000000000000000000000..c92d7184b164875aa75194d370a6785ec803a9af
--- /dev/null
+++ b/reuters/training/6787
@@ -0,0 +1,29 @@
+TIE/COMMUNICATIONS INC <TIE> 4TH QTR LOSS
+  Oper shr loss 1.28 dlrs vs loss 59 cts
+      Oper net loss 46.0 mln vs loss 21.1 mln
+      Revs 63.9 mln vs 77.8 mln
+      12 mths
+      Oper shr loss 1.65 dlrs vs loss 2.09 dlrs
+      Oper net loss 59.3 mln vs 75.0 mln
+      Revs 298.2 mln vs 321.3 mln
+      NOTE: for the qtr and yr 1986, loss reflects pretax loss of
+  45.0 mln and 55.5 mln, which included a writedown of inventory
+  and restructuring charges amounting to 37.1 mln and 37.9 mln,
+  and a tax gain of 940,000 and 3,094,000.
+      For the qtr and yr 1985, loss consisted of a pretax loss of
+  23.9 mln and 102.3 mln which included a writedown of inventory,
+  restructuring charges and loss on the sale of a division
+  amounting to 13.0 mln and 61.0 mln, and a tax gain of 3,036,000
+  and 28.5 mln.
+      qtr 1985, excludes estimated loss 3,354,000 for disposal of
+  HCL Leasing Corp sold July 1986, as well as its operating
+  results prior to this date.
+      year current and prior excludes loss 1,543,000, and
+  2,859,000, respectively, for estimated loss on disposal of HCL
+  Leasing Corp.
+      qtr and year current excludes foreign tax 312,000, and
+  1,179,000, respectively, which payment would have been required
+  in the absence of foreign operating loss carryforwards from
+  prior years.
+  
+
diff --git a/reuters/training/6788 b/reuters/training/6788
new file mode 100644
index 0000000000000000000000000000000000000000..c0fb6d251dd6fc5cc778798431272e3506af3eba
--- /dev/null
+++ b/reuters/training/6788
@@ -0,0 +1,17 @@
+U.S. HOUSE PLAN SEEKS TO BAR FOREIGN TAKEOVER
+  A U.S. House subcommittee voted to
+  give President Reagan authority to block foreign takeovers of
+  U.S. companies similar to the takeover of Fairchild
+  Semiconductor Corp. by Fujitsu Ltd which was withdrawn.
+      The Energy and Commerce Subcommittee on Commerce approved
+  as an amendment to the overall House trade bill a provision
+  giving Reagan the power to block sales to foreign companies if
+  the sale was not in the national or economic interest.
+      The subcommittee rejected a proposal requiring the U.S. to
+  pay investors one pct for the right to hold their gold
+  investments in government storage. His amendment called for the
+  government to sell gold coins and gold-backed bonds with
+  maturities of 30 to 50 years to investors to reduce the federal
+  debt.
+  
+
diff --git a/reuters/training/6789 b/reuters/training/6789
new file mode 100644
index 0000000000000000000000000000000000000000..d2415f88e421df7465444362d46a5bd1133b8171
--- /dev/null
+++ b/reuters/training/6789
@@ -0,0 +1,13 @@
+SIEBE COMPLETES ACQUISTION OF RANCO <RNI>
+  <Siebe Plc> of the U.K. said it
+  completed the acquisition of Ranco Inc, following approval by
+  Ranco shareholders.
+      According to the terms of the deal, Ranco holders will
+  receive 40 dlrs a share in cash. Ranco will be transferred to
+  one of Siebe's U.S. subsidiaries, Robertshaw Controls Co.
+      Ranco produces automatic control devices and power controls
+  that regulate temperature, pressure, time sequencing, current,
+  fluid flow and humidity. Its Teccor unit makes a specialized
+  line of semiconductors.
+  
+
diff --git a/reuters/training/679 b/reuters/training/679
new file mode 100644
index 0000000000000000000000000000000000000000..a25c728d80f9b44ac951e6df86466c1f405415a2
--- /dev/null
+++ b/reuters/training/679
@@ -0,0 +1,10 @@
+<PANTRY INC> INB TALKS ON BEING ACQUIRED
+  Privately-held Pantry Inc, which
+  operates 477 convenience stores in five Southeastern states,
+  said it has engaged Alex. Brown and Sons Inc <ABSB> to explore
+  a possbile sale of the company.
+      It said it expects to start talks with prospective
+  acquirers shortly. The company said it has been approached by a
+  number of parties in recent months.
+  
+
diff --git a/reuters/training/6790 b/reuters/training/6790
new file mode 100644
index 0000000000000000000000000000000000000000..a770c147799e2f3988900c06b540c7ca033857d6
--- /dev/null
+++ b/reuters/training/6790
@@ -0,0 +1,7 @@
+<HAWKER SIDDELEY CANADA INC> YEAR NET
+  Shr 1.06 dlrs vs 1.54 dlrs
+      Net 9,455,000 vs 13.4 mln
+      Sales 418.7 mln vs 422.0 mln
+      Note: 59 pct owned by Hawker Siddeley Group PLC
+  
+
diff --git a/reuters/training/6791 b/reuters/training/6791
new file mode 100644
index 0000000000000000000000000000000000000000..0cd752e5285d1b28b7c20a9b5df9c55b3cc970f8
--- /dev/null
+++ b/reuters/training/6791
@@ -0,0 +1,23 @@
+NO IMMEDIATE PLANS TO CLOSE REFINERY - ESSO SAF
+  ESSO SAF <ESSF.PA>, the French subsidiary
+  of Exxon Corp <XON>, said it had no immediate plans to shut
+  down one of its two refineries. Exxon's new president Lee R.
+  Raymond said earlier that it could decide to close a French
+  refinery.
+      An ESSO SAF spokesman said a closure was a hypothesis that
+  depended on the evolution of the market and refineries' ability
+  to make money. He said Port Jerome west of Paris and Fos sur
+  Mer on the Mediterranean had benefitted from new investment
+  over 1985-86 and had last year broken even after stock losses.
+      The Port Jerome refinery has an annual production capacity
+  of seven mln tonnes while Fos sur Mer's is five mln, the
+  spokesman added.
+      Industry sources said the easiest plant to dispose of would
+  be Fos sur Mer because it is a single refinery, while the Port
+  Jerome refinery is attached to a wider complex comprising a
+  petrochemical plant and a lubricant production plant.
+      Raymond was quoted as saying in a published interview that
+  Exxon was reviewing its worldwide refinery operations and might
+  decide to close one of its French refineries.
+  
+
diff --git a/reuters/training/6794 b/reuters/training/6794
new file mode 100644
index 0000000000000000000000000000000000000000..20224bb8c93ab7f8e8b5cd7333dda2d43df91aa3
--- /dev/null
+++ b/reuters/training/6794
@@ -0,0 +1,6 @@
+TEL OFFSHORE TRUST <TELOZ> UPS QUARTERLY PAYOUT
+  Qtly distribution 43.5884 cts vs 37.2427 cts in prior qtr
+      Payable April 10
+      Record March 31
+  
+
diff --git a/reuters/training/6797 b/reuters/training/6797
new file mode 100644
index 0000000000000000000000000000000000000000..1a8fc1a7d553001c0cbd8af602623f5acd4c5da5
--- /dev/null
+++ b/reuters/training/6797
@@ -0,0 +1,19 @@
+EMHART CORP <EMH> SET TO INCREASE EARNINGS
+  Emhart Corp said it plans to increase
+  worldwide revenues and earnings at an annual compounded growth
+  rate of 15 pct and about 13 pct, respectively.
+      It said these objectives were based on several assumptions,
+  including a four pct average inflation rate through 1989 and a
+  two pct to three pct GNP real growth.
+      In 1986, Emhart reported a net loss of 10 mln dlrs or 35
+  cts a share, after a 90 mln after-tax restructuring charge,
+  which realigned the company's assets.
+      Emhart has divested itself of many of its units to focus on
+  three primary markets--industrial products, consumer products,
+  and information and electronic systems.
+      Emhart said industrial products should account for about 62
+  pct of projected 1987 revenues of 2.3 billion dlrs, while
+  consumer products should account for about 20 pct of those
+  revenues and information and electronic systems about 18 pct.
+  
+
diff --git a/reuters/training/6798 b/reuters/training/6798
new file mode 100644
index 0000000000000000000000000000000000000000..4158bd2c73630b511889ce25ba649c6e89542dd7
--- /dev/null
+++ b/reuters/training/6798
@@ -0,0 +1,13 @@
+BELCHER TO RAISE HEAVY FUELS PRICES
+  The Belcher Co of New York, a
+  subsidiary of Coastal Corp <CGP>, said it will raise the posted
+  prices for number six fuel in New York 25 cts to 1.75 dlrs a
+  barrel, depending on grades.
+      Effective March 19, the new prices are 0.3 pct sulphur
+  22.50 dlrs, up one dlr, 0.5 pct sulphur 21.75 dlrs, up 1.75
+  dlrs, 0.7 pct sulphur 21 dlrs, up 1.25 dlrs. One pct sulphur
+  20.25 dlrs, up one dlr, two pct sulphur 18.25 dlrs, up 25 cts,
+  2.2 pct sulphur 18 dlrs, up 25 cts, 2.5 pct sulphur 17.75 dlrs,
+  up 30 cts, and 2.8 pct sulphur 17.50 dlrs, up 50 cts.
+  
+
diff --git a/reuters/training/6799 b/reuters/training/6799
new file mode 100644
index 0000000000000000000000000000000000000000..fef088872e60b7cef38c8ae8e81635723622a199
--- /dev/null
+++ b/reuters/training/6799
@@ -0,0 +1,10 @@
+GRAPHIC INDUSTRIES INC <GRPH>4TH QTR JAN 31 NET
+  Shr 27 cts vs 23 cts
+      Net 1,713,000 vs 1,447,000
+      Revs 46.9 mln vs 39.3 mln
+      Year
+      Shr 97 cts vs 78 cts
+      Net 6,154,000 vs 4,855,000
+      Revs 167.9 ln vs 130.4 mln
+  
+
diff --git a/reuters/training/68 b/reuters/training/68
new file mode 100644
index 0000000000000000000000000000000000000000..f749ac33c02097065ae08335a44e8fdef7209664
--- /dev/null
+++ b/reuters/training/68
@@ -0,0 +1,9 @@
+<COFAB INC> BUYS GULFEX FOR UNDISCLOSED AMOUNT
+  CoFAB Inc said it acquired <Gulfex Inc>,
+  a Houston-based fabricator of custom high-pressure process
+  vessels for the energy and petrochemical industries.
+      CoFAB said its group of companies manufacture specialized
+  cooling and lubricating systems for the oil and gas,
+  petrochemical, utility, pulp and paper and marine industries.
+  
+
diff --git a/reuters/training/680 b/reuters/training/680
new file mode 100644
index 0000000000000000000000000000000000000000..983c91e7363d303bed9ff25eed52661aacac97df
--- /dev/null
+++ b/reuters/training/680
@@ -0,0 +1,16 @@
+CONGRESS VIDEO GROUP INC <CVGI> 3RD QTR NET
+  Qtr ends Dec 31
+      Shr profit three cts vs loss three cts
+      Net profit 129,000 vs loss 85,000
+      Revs 4,001,000 vs 4,347,000
+      Avg shrs 3,994,347 vs 3,769,347
+      Nine mths
+      Shr loss 75 cts vs profit 39 cts
+      Net loss 2,900,000 vs profit 1,753,000
+      Revs 7,472,000 vs 15.3 mln
+      Avg shrs 3,845,438 vs 4,470,275
+      NOTE: net 1986 includes tax gain carryforward from
+  discontinued operations of Master's Merchandise Group in year
+  prior.
+  
+
diff --git a/reuters/training/6801 b/reuters/training/6801
new file mode 100644
index 0000000000000000000000000000000000000000..596f7a37f0859ebfec1f1b2af3e86d5b649229c6
--- /dev/null
+++ b/reuters/training/6801
@@ -0,0 +1,6 @@
+CENTRAL PENNSYLVANIA FINANCIAL CORP <CPSA>PAYOUT
+  Qtly div 10 cts vs 10 cts in prior qtr
+      Payable April 22
+      Record April 10
+  
+
diff --git a/reuters/training/6802 b/reuters/training/6802
new file mode 100644
index 0000000000000000000000000000000000000000..1f753ed40f96ffcda2463c68980163352b45723e
--- /dev/null
+++ b/reuters/training/6802
@@ -0,0 +1,6 @@
+HARTFORD NATIONAL CORP <HNAT> REGULAR DIVIDEND
+  Qtly div 30 cts vs 30 cts in prior qtr
+      Payable April 20
+      Record March 31
+  
+
diff --git a/reuters/training/6804 b/reuters/training/6804
new file mode 100644
index 0000000000000000000000000000000000000000..4306d86361e06bd98062bb24180c677706b2bc66
--- /dev/null
+++ b/reuters/training/6804
@@ -0,0 +1,14 @@
+BRAZILIAN RED MEAT OUTPUT DOWN SHARPLY - USDA
+  Brazilian red meat production in
+  1986 fell more than 20 pct to 1.9 mln tonnes due to drought
+  which reduced slaughter weight and to herd rebuilding which
+  started because of high cattle prices, the U.S. Agriculture
+  Department said.
+      In its report on World Production and Trade Developments,
+  USDA said that in 1987, beef production is expected to reach
+  2.3 mln tonnes.
+      Pork production in 1986 rose 83 pct to 1.1 mln tonnes due
+  to the sharp rise in beef prices and is expected to remain at
+  that level this year, USDA said.
+  
+
diff --git a/reuters/training/6805 b/reuters/training/6805
new file mode 100644
index 0000000000000000000000000000000000000000..2c9cc9e173a90baa1d250b683cd390b3a57b9960
--- /dev/null
+++ b/reuters/training/6805
@@ -0,0 +1,5 @@
+GENCORP ASKS SHAREHOLDERS TO POSTPONE ACTION IN TENDER OFFER
+
+  GENCORP ASKS SHAREHOLDERS TO POSTPONE ACTION IN TENDER OFFER
+  
+
diff --git a/reuters/training/6807 b/reuters/training/6807
new file mode 100644
index 0000000000000000000000000000000000000000..efb8b474a0a887501593fb94d62f8f6ae2694502
--- /dev/null
+++ b/reuters/training/6807
@@ -0,0 +1,9 @@
+MONY FINANCIAL BUYS UNITED ADMINISTRATORS <UAI>
+  <MONY Financial Services> said it
+  purchased United Administrators Inc in an effort to secure a
+  larger market share for its group insurance line.
+      MONY said this acquisition, coupled with its purchase of
+  Kelly Associates in 1985, contributes to its goal of expanding
+  its group business and improving its product lines.
+  
+
diff --git a/reuters/training/6809 b/reuters/training/6809
new file mode 100644
index 0000000000000000000000000000000000000000..7dcdf82dbc37321a231b9d467a97848b6265e6a8
--- /dev/null
+++ b/reuters/training/6809
@@ -0,0 +1,11 @@
+BFI COMMUNICATIONS SYSTEMS INC 4TH QTR LOSS
+  Shr loss 18 cts vs loss 20 cts
+      Net loss 629,527 vs loss 697,847
+      Revs 404,345 vs 1,558,951
+      Year
+      Shr loss 56 cts vs loss 1.81 dlrs
+      Net loss 1,910,063 vs loss 5,744,588
+      Revs 5,999,377 vs 6,347,702
+      Avg shrs 3,441,513 vs 3,175,402
+  
+
diff --git a/reuters/training/6810 b/reuters/training/6810
new file mode 100644
index 0000000000000000000000000000000000000000..a67bb955999803fd41cfae72ee1e2b2c5835f12f
--- /dev/null
+++ b/reuters/training/6810
@@ -0,0 +1,13 @@
+FORTUNE <FORF> TO ACQUIRE MARINE SAVINGS
+  Fortune Financial Group Inc's
+  Fortune Savings Bank subsidiary said it executed a definitive
+  agreement to buy <Marine Savings and Loan Association of
+  Florida> for 10.1 mln dlrs.
+      It said the agreement has been approved by the directors of
+  both banks and is subject to approval of Marine shareholders by
+  a majority vote.
+      Fortune said that under the agreement it will pay 20.10
+  dlrs cash for each of Marine's 500,000 shares outstanding,
+  among other things.
+  
+
diff --git a/reuters/training/6811 b/reuters/training/6811
new file mode 100644
index 0000000000000000000000000000000000000000..04d8fb77120d5a1234d3e783f4717e7648125f21
--- /dev/null
+++ b/reuters/training/6811
@@ -0,0 +1,31 @@
+HAWKER SIDDELEY CANADA TO SELL UNIT
+  <Hawker Siddeley Canada Inc> said that,
+  due to poor market conditions for railway freight car
+  manufacturing, it plans to sell its Trenton Works division in
+  Trenton, Nova Scotia.
+      Hawker Siddeley said it set aside a provision of 7.7 mln
+  dlrs for the proposed sale.
+      It also said lower 1986 earnings were due to much lower
+  earnings in transportation equipment and losses in steel
+  castings and forgings, which offset gains in the mining sector
+  and improvements in forestry equipment.
+      Hawker Siddeley also said demand for new railway equipment
+  was limited with export sales frequently restrained by
+  customers' financing difficulties.
+      Demand for steel castings and wheels for Canadian railways
+  continued to be very depressed with maintenance requirements at
+  the lowest level in the past decade.
+      However, there was demand for industrial casting due to
+  increased hydro-electric power generation, the company said.
+      The company said manufacturing of mining machinery and
+  tunnelling equipment showed greatly improved results in the
+  U.S. and export markets, mainly China and India.
+      The Orenda division maintained a high level of activity in
+  aircraft engine repair and overhaul and in the manufacture of
+  engine components.
+      Sawmill equipment and skidder operations were affected by a
+  strike in British Columbia and the extended debate on U.S.
+  imports of Canadian lumber, but there were encouraging signs at
+  yearend, the company said.
+  
+
diff --git a/reuters/training/6813 b/reuters/training/6813
new file mode 100644
index 0000000000000000000000000000000000000000..45f2b43210cd5466d14f1df06fbe9da259496526
--- /dev/null
+++ b/reuters/training/6813
@@ -0,0 +1,10 @@
+CENTRAL ILLINOIS <CIP> 12 MTHS FEB 28 NET
+  Shr 2.04 dlrs vs 1.83 dlrs
+      Net 76,172,000 vs 71,101,000
+      Revs 621.7 mln vs 670.3 mln
+      NOTE: Central Illinois Public Service Co is full name of
+  company.
+      Most recent 12 months net excludes preferred dividends of
+  6.4 mln dlrs compared with 8.6 mln dlrs last year.
+  
+
diff --git a/reuters/training/6814 b/reuters/training/6814
new file mode 100644
index 0000000000000000000000000000000000000000..69df6ad7ce4d1489dd4a3ff14fa364c6c0972347
--- /dev/null
+++ b/reuters/training/6814
@@ -0,0 +1,8 @@
+BOGART CRAFTS CORP <VOGT> YEAR LOSS
+  Yr ends Nov 29, 1986
+      Shr loss 61 cts vs loss 1.19 dlrs
+      Net loss 1,017,000 vs loss 1,987,000
+      Revs 10.4 mln vs 10.3 mln
+      NOTE: Prior yr ended Nov. 30
+  
+
diff --git a/reuters/training/6815 b/reuters/training/6815
new file mode 100644
index 0000000000000000000000000000000000000000..d834333bdb00cfe909c9aba91e0d730faa15c38e
--- /dev/null
+++ b/reuters/training/6815
@@ -0,0 +1,31 @@
+GENCORP <GY> GROUP TO SEEK ANTI-GREENMAIL VOTE
+  GAMCO Investors Inc, an affiliate of
+  Gabelli and Co, plans to propose an anti-greenmail provision at
+  the GenCorp Inc annual meeting March 31, according to GAMCO
+  Chairman Mario Gabelli.
+      Greenmail often involves the repurchase of shares at a
+  premium by a company from an unwanted investor. GenCorp today
+  received a surprise tender offer from a group that holds 9.8
+  pct of its stock.
+      Gabelli also said GAMCO has sent a 13-D filing to the
+  Securities and Exchange Commission on the 6.5 pct of GenCorp
+  stock held by GAMCO and its affiliates.
+      The stock amounts to 1,462,000 shares and most of it was
+  reported in an earlier 13-G filing. A 13-G is filed by passive
+  investors to show holdings of more than five pct.
+      Earlier today, General Partners, owned by Wagner and Brown
+  and AFG Industries Inc, launched a 100 dlr per share tender
+  offer for GenCorp. Analysts said the offer was between 10 and
+  20 dlrs per share too low.
+      GenCorp has made no comment on the offer.
+      Gabelli said he also proposes that management consider
+  spinning off all assets, other than the GenCorp broadcast
+  properties, to shareholders. The licenses of the broadcast
+  properties have long been entangled in a series of challenges.
+      "One thing is going to be clear and that is I'm going to
+  the meeting and putting up "no greenmail," Gabelli said.
+      Gabelli said he fears that greenmail might be a motivation
+  in the offer.
+      The annual meeting is to be held in Akron, Ohio.
+  
+
diff --git a/reuters/training/6816 b/reuters/training/6816
new file mode 100644
index 0000000000000000000000000000000000000000..6b96d9dcfd82428d650bf7bafefc32693afa7e4f
--- /dev/null
+++ b/reuters/training/6816
@@ -0,0 +1,34 @@
+LAENDERBANK EXPECTS MODEST PROFIT RISE IN '87
+  Oesterreichische Laenderbank AG
+  [OLBV.VI] expects to maintain its dividend and to record a
+  moderate rise in profits this year after the 181.5 mln
+  schilling net profit made in 1986, General Director Gerhard
+  Wagner said.
+      Wagner told a news conference that last year's 34.3 pct
+  rise in net profit from 135.1 mln in 1985 was largely due to
+  greater domestic business and wider margins on schilling
+  interest rates.
+      The bank, Austria's third largest, raised its 1986 dividend
+  to 12 pct of its 1.5 billion schilling nominal share capital
+  from 10 pct on capital of 1.35 billion in 1985.
+      Announcing the 1986 results, Wagner said: "We will endeavour
+  to maintain the higher dividend in 1987."
+      Laenderbank's balance sheet total rose five pct to 197.7
+  billion schillings against 8.1 pct growth in 1985. Foreign
+  currency business last year accounted for some 37 pct of
+  balance sheet total compared with about 41 pct in 1985.
+      Wagner blamed the realtive shrinkage of foreign business
+  chiefly on the dollar's fall against the schilling, which is
+  effectively pegged to the mark. The dollar's weakness had wiped
+  some 8.9 billion schillings off the balance sheet total.
+      Wagner declined to give an exact figure for profits from
+  the bank's London branch, which opened in April 1985, but said
+  that it came close to one mln stg.
+      On schilling lending, profit on interest had risen 18 pct
+  to 2.19 billion schillings while commission earnings climbed
+  8.7 pct to 738.9 mln.
+      According to the 1987 federal budget, the state is due to
+  lower its stake 60 pct in Laenderbank, probably to 51 pct.
+  Wagner said the exact timing of the move depended on the state.
+  
+
diff --git a/reuters/training/6817 b/reuters/training/6817
new file mode 100644
index 0000000000000000000000000000000000000000..6b506705f25a0af3e04f8ab803c2242f8957f963
--- /dev/null
+++ b/reuters/training/6817
@@ -0,0 +1,14 @@
+NATIONAL DATA <NDAC> IN PACT WITH SIGNATURE
+  National Data Communications Inc said it
+  is no longer obligated to issue its majority shareholder
+  <Signature Capital Corp> 20 mln common shares under a previous
+  agreement.
+      National said it entered into a new agreement with
+  Signature, which would have owned about 80 pct of National's
+  common under the prior pact.
+      Under the new pact, National said it granted Signature a
+  five-year option to acquire two mln shares of its common for an
+  option price equal to its current market value. National has
+  about 15.3 mln shares outstanding.
+  
+
diff --git a/reuters/training/6818 b/reuters/training/6818
new file mode 100644
index 0000000000000000000000000000000000000000..3edcef2e2cbe04edbcf8a7d0234e02b9062ecafc
--- /dev/null
+++ b/reuters/training/6818
@@ -0,0 +1,14 @@
+PILGRIM VENTURE IN MERGER AGREEMENT
+  <Pilgrim Venture Corp>
+  said it signed a letter of intent to merge with <Marketing
+  Technologies Group Inc>, Rockville Center, N.Y.
+      Under terms of the agreement, Pilgrim, a publicly held
+  corporation, said it will issue two mln shares of authorized
+  but unissued restricted common stock to Marketing Technologies
+  shareholders. The company said it expects to complete the
+  merger by June 17.
+      Marketing Technologies is developing a computer-based
+  advertising system geared toward large advertisers, the company
+  said.
+  
+
diff --git a/reuters/training/6819 b/reuters/training/6819
new file mode 100644
index 0000000000000000000000000000000000000000..2785c4d0f588aca3795788e27437d7b322e1f68c
--- /dev/null
+++ b/reuters/training/6819
@@ -0,0 +1,22 @@
+GENCORP <GY> TO STUDY GENERAL PARTNER BID
+  GenCorp Inc chairman William
+  Reynolds said the company's board and its financial and legal
+  advisors will study the unsolicited tender offer from <General
+  Partners>.
+      "Right now, our advice to all our shareholders is to wait
+  until the board advises them of its position ... which will
+  happen on or before March 31," Reynolds said.
+      Earlier today, General Partners, controlled by Wagner and
+  Brown and AFG Industries Inc, said it started a tender offer
+  for all of Gencorp's shares and stock purchase rights for 100
+  dlrs a share.
+      General Partners said the offer, which is due to expire
+  April 14, is conditioned on receipt of sufficient financing and
+  other conditions.
+      "We are asking our shareholders to postpone any decision on
+  whether to accept or reject the offer until the board finishes
+  its evaluation," Reynolds said in a statement.
+      "The Wagner and Brown-AFG offer does not expire until April
+  14, so shareholders have time to make their decision," he said.
+  
+
diff --git a/reuters/training/682 b/reuters/training/682
new file mode 100644
index 0000000000000000000000000000000000000000..2acbd4c8eaf872bd0bb794b405fc962bea219610
--- /dev/null
+++ b/reuters/training/682
@@ -0,0 +1,10 @@
+<RENOUF CORP> TO PROCEED WITH BENEQUITY <BH> BID
+  Renouf Corp of New Zealand said it
+  has decided to proceed with its offer for all outstanding units
+  of Benequity Holdings at 31 dlrs per unit.
+      The company had been required to redice by March Two
+  whether to proceed with the offer or terminate it, based on its
+  ability to obtain financing and on its review of Benequity
+  operations.  The offer is to expire March 13.
+  
+
diff --git a/reuters/training/6825 b/reuters/training/6825
new file mode 100644
index 0000000000000000000000000000000000000000..45d83b3a02c6642683aa1eda25390f43e24e20a6
--- /dev/null
+++ b/reuters/training/6825
@@ -0,0 +1,7 @@
+RESTAURANT MANAGEMENT SERVICES <RESM> IN PAYOUT
+  Qtly div 1-3/4 cts vs 1-3/4 cts prior
+      Pay April 23
+      Record April nine
+      NOTE: Full name Restaurant Management Services Inc
+  
+
diff --git a/reuters/training/6827 b/reuters/training/6827
new file mode 100644
index 0000000000000000000000000000000000000000..e4211a1b076d56a3be5b3e779ed3025614652df2
--- /dev/null
+++ b/reuters/training/6827
@@ -0,0 +1,8 @@
+CITIZENS FIRST BANCORP INC <CFB>RAISES DIVIDEND
+  Qtly div 15 cts vs 12.5 cts prior
+      Pay May 1
+      Record April 17
+      Note: Prior dividend is adjusted for recent six-for-five
+  stock split.
+  
+
diff --git a/reuters/training/6828 b/reuters/training/6828
new file mode 100644
index 0000000000000000000000000000000000000000..800e0e6ad70784684c057df6be91df3882373f54
--- /dev/null
+++ b/reuters/training/6828
@@ -0,0 +1,9 @@
+TEXACO INC <TX> 84.1 MLN DLR DEFENSE CONTRACT
+  Texaco Refining and Marketing Inc is
+  being awarded a 84.1 mln dlr Defense Logistics Agency contract
+  for jet fuel, the Defense Department said.
+      It said work on the contract, which was awarded as part of
+  a multi-contract procurement program, is expected to be
+  completed by March 31, 1988.
+  
+
diff --git a/reuters/training/6830 b/reuters/training/6830
new file mode 100644
index 0000000000000000000000000000000000000000..e279d64ec8d6ed4a000f1a851160d1f4113d76fc
--- /dev/null
+++ b/reuters/training/6830
@@ -0,0 +1,10 @@
+ALLISON'S PLACE INC <ALLS> 4TH QTR NET
+  Shr seven cts vs 20 cts
+      Net 184,000 vs 387,000
+      Revs 9,100,000 vs 6,700,000
+      Year
+      Shr 13 cts vs 33 cts
+      Net 315,000 vs 627,000
+      Revs 32.4 mln vs 24.6 mln
+  
+
diff --git a/reuters/training/6831 b/reuters/training/6831
new file mode 100644
index 0000000000000000000000000000000000000000..276ff58cf66640e356125df364d1ef7f3223f77a
--- /dev/null
+++ b/reuters/training/6831
@@ -0,0 +1,5 @@
+CONAGRA INC 3RD QTR SHR 36 CTS VS 31 CTS
+
+  CONAGRA INC 3RD QTR SHR 36 CTS VS 31 CTS
+  
+
diff --git a/reuters/training/6836 b/reuters/training/6836
new file mode 100644
index 0000000000000000000000000000000000000000..2395f98aebdeaad6e79da72621bbc329a742f594
--- /dev/null
+++ b/reuters/training/6836
@@ -0,0 +1,16 @@
+PRI <PRI> TO BUY SHELL <RD> HAWAII GAS STATIONS
+  Pacific Resources Inc said it signed a
+  definitive agreement with Royal Dutch/Shell Group unit Shell
+  Oil Co to buy Shell's marketing, terminaling and distribution
+  assets in Hawaii for 32 mln dlrs.
+      The purchase would include Shell's interest in 39 retail
+  gasoline stations and four petroleum product terminals, PRI
+  said. The company said it expects the transaction to be
+  completed by September 1, 1987.
+      The pact includes provisions allowing the continued use of
+  the Shell trademark, credit cards and the sale of Shell brand
+  products by the gasoline stations, PRI said.
+      PRI said all Shell-brand products sold under this agreement
+  will be manufactured to Shell specifications.
+  
+
diff --git a/reuters/training/6837 b/reuters/training/6837
new file mode 100644
index 0000000000000000000000000000000000000000..5650514156afb8185878cec6c499b10673baeb52
--- /dev/null
+++ b/reuters/training/6837
@@ -0,0 +1,17 @@
+READING CO <RDGC> 4TH QTR OPER NET
+  Oper shr 40 cts vs 30 cts
+      Oper net 1,364,000 vs 1,025,000
+      Revs 14.7 mln vs 11.0 mln
+      Avg shrs 3,372,970 vs 3,425,400
+      Year
+      Oper shr 86 cts vs 32 cts
+      Oper net 2,925,000 vs 1,109,000
+      Revs 43.0 mln vs 35.7 mln
+      Avg shrs 3,383,651 vs 3,418,594
+      NOTE: Year-ago periods exclude extraordinary gain of 1.1
+  mln dlrs or 31 cts/shr.
+      Includes gains of 988,000 dlrs vs one mln dlrs in qtr and
+  2.2 mln dlrs vs 1.1 mln dlrs in year from tax loss
+  carryforwards.
+  
+
diff --git a/reuters/training/684 b/reuters/training/684
new file mode 100644
index 0000000000000000000000000000000000000000..eba2979df70e697ffe63c43ad152f0d93450c95a
--- /dev/null
+++ b/reuters/training/684
@@ -0,0 +1,24 @@
+CUBA TELLS TRADERS SUGAR EXPORTS MAY BE DELAYED
+  Cuba has told international sugar
+  operators who have bought its sugar for shipment in March that
+  these contracts will take second place to Cuba's direct
+  shipments to its export markets, dealers here said.
+      Some traders who have received telexes from Cuba said the
+  language of the message was not totally clear and some believed
+  shipments would be honoured if the traders declare the Soviet
+  Union as the destination of their contracts.
+      The telexes have fueled rising world prices in the last
+  week and reflect a poor Cuban crop, worry over Brazil's export
+  availability, and increasing Soviet demand, analysts said.
+      Traders said signs of Cuba's shortage of immediately
+  available raw sugar to supply its traditional martkets was
+  probably the factor behind Syria calling a snap buying tender
+  last month.
+      Normally Syria calls white sugar buying tenders for forward
+  delivery, and last month's spot requirement resulted in the
+  sale of several cargoes.
+      Cuba in its telex told operators they would not receive
+  March shipments as Cuba has to meet its contracts to export
+  markets, traders said.
+  
+
diff --git a/reuters/training/6840 b/reuters/training/6840
new file mode 100644
index 0000000000000000000000000000000000000000..e70dae2a09d2d71a71462540b4ffc2f4ba758e74
--- /dev/null
+++ b/reuters/training/6840
@@ -0,0 +1,24 @@
+CONAGRA INC <CAG> 3RD QTR FEB 22 NET
+  Shr primary 36 cts vs 31 cts
+      Shr diluted 36 cts vs 31 cts
+      Net 25.1 mln vs 21.7 mln
+      Revs 1.53 billion vs 1.39 billion
+      Avg shrs primary 68.8 mln vs 68.9 mln
+      Avg shrs diluted 70.5 mln vs 71.0 mln
+      Nine mths
+      Shr primary 1.32 dlrs vs 1.13 dlrs
+      Shr diluted 1.30 dlrs vs 1.11 dlrs
+      Net 90.8 mln vs 77.6 mln
+      Nine mths
+      Revs 5.18 billion vs 4.58 billion
+      Avg shrs primary 68.9 mln vs 68.8 mln
+      Avg shrs diluted 70.6 mln vs 71.0 mln
+      Note: Net is before preferred dividend payments.
+      Current nine mths net includes after-tax provision of five
+  mln dlrs for consolidation of food plants.
+      Shr and avg shrs data reflect two-for-one split in December
+  1986. Results for year-ago nine mths and current first half
+  restated to reflect acquisition of E.J. Miller Enterprises for
+  1,040,000 shares in January 1987.
+  
+
diff --git a/reuters/training/6841 b/reuters/training/6841
new file mode 100644
index 0000000000000000000000000000000000000000..4e9745e6af12c8f37c1d699385e5071304bbf5b1
--- /dev/null
+++ b/reuters/training/6841
@@ -0,0 +1,14 @@
+CANADIAN PACIFIC <CP> SEEKS BUYER FOR UNIT
+  Canadian Pacific Ltd said it retained
+  Wood Gundy Inc to seek a buyer for Maple Leaf Mills Ltd of
+  Toronto.
+      The company said Maple Leaf had 1986 sales of 819 mln dlrs
+  and an after tax profit of 16.3 mln dlrs. It is a diversified
+  agriproducts company which produces and sells industrial and
+  consumer flour, flour-based products and baked goods.
+      It also operates a fully integrated poultry business and a
+  rendering businesses, markets livestock and poultry feed and
+  distributes grain through a network of country and terminal
+  elevators.
+  
+
diff --git a/reuters/training/6844 b/reuters/training/6844
new file mode 100644
index 0000000000000000000000000000000000000000..2b68b3793842297e9f991f9fdb995f6697d46c90
--- /dev/null
+++ b/reuters/training/6844
@@ -0,0 +1,75 @@
+AIR CANADA COURIER BUY SHARPLY ALTERS INDUSTRY
+  Air Canada's 54 mln U.S. dlr
+  acquisition of Gelco Corp's <GEC> Canadian unit has
+  dramatically altered Canada's fast growing courier industry,
+  largely dominated by U.S. companies until this year, company
+  officials and analysts said.
+      State-owned Air Canada takes over the country's second
+  largest overnight courier business just two months after
+  another Canadian company, <Onex Capital Corp Ltd>, approved the
+  acquisition of number one ranked Purolator Courier Ltd from New
+  Jersey-based Purolator Courier Corp <PCC>.
+      But analysts said the two acquisitions were prompted by
+  financial restructuring undertaken by the U.S. parent companies
+  and likely don't represent an industry trend toward buying out
+  foreign owned courier operations.
+      "It's a case of whether you can buy from the right people at
+  the right time," McLeod Young Weir Ltd transportation analyst
+  Tony Hine commented.
+      The two acquisitions fit with a larger move by U.S.
+  companies embroiled in a take-over or restructuring to sell-off
+  their Canadian units to generate ready cash, said Nesbitt
+  Thomson Deacon Inc analyst Harold Wolkin.
+      "There is a very good correlation between the U.S. parent
+  selling Canadian subsidiaries and the U.S. parent either being
+  under siege or taking someone else over," he said.
+      Gelco Corp, of Minnesota, decided to sell Gelco Express Ltd
+  as part of its previously announced program to sell off four
+  operating units to buy back shares and pay down debt, Gelco
+  Express marketing vice president James O'Neil told Reuters.
+      The sale is the first under Gelco's divestiture program,
+  and proceeds will be used to help pay down 350 mln U.S. dlrs of
+  debt by year-end, the company said.
+      While company officials declined to disclose earnings and
+  revenue figures, O'Neil said Gelco Express holds a dominant
+  position in the industry, handling more than 50,000 packages a
+  day and generating revenues of more than 100 mln Canadian dlrs
+  a year.
+      The earlier move by Purolator to sell its Canadian unit
+  formed an important part of a company restructuring program,
+  adopted after another Canadian Company, <Unicorp Canada Corp>,
+  acquired a 12.6 pct stake in Purolator and said it would
+  consider acquiring the whole company.
+      Last month, Purolator agreed to be acquired by a company
+  formed by E.F. Hutton LBO Inc and certain managers of
+  Purolator's U.S. courier business.
+      For Air Canada, its acquisition of Gelco's Canadian courier
+  business represents an "excellent financial investment" in a
+  market it sees growing by 25 to 30 pct annually, spokesman
+  Esther Szynkarsky said.
+      The airline also announced it acquired a 65 pct stake in
+  EMS Corp, of Calgary, an in-city messenger service.
+      It did not disclose financial terms, but Szynkarsky said
+  the two acquisitions totalled about 90 mln Canadian dlrs, and
+  the two business have combined yearly revenues of 170 mln dlrs.
+      She said the acquisition fit with Air Canada's strategy of
+  seeking attractive investments that compliment its main airline
+  business.
+      Gelco will continue to operate with current management,
+  independently of Air Canada, although Air Canada already
+  operates its own air cargo business that includes a small
+  door-to-door courier operation.
+      "They're well run, they're a good investment, they're doing
+  well in a growing market, and that's the way we want to keep
+  it," Szynkarsky said.
+      Analyst Hine said the Gelco and Purolator Canadian units
+  will likely retain operating links with their U.S. delivery
+  network, generating traffic for the former parent companies
+  without them having to tie up capital in Canada.
+      "The nature of the business is that incremental traffic is
+  incremental revenue," Hine said.
+      "It's sort of a sausage maker business where you put in
+  place the sausage grinder, and the more sausage you can stuff
+  through, the more money you make," he added.
+  
+
diff --git a/reuters/training/6846 b/reuters/training/6846
new file mode 100644
index 0000000000000000000000000000000000000000..232f070665b7c521e82c34b29ff0a1cd0e50eaca
--- /dev/null
+++ b/reuters/training/6846
@@ -0,0 +1,34 @@
+COPPER INDUSTRY ASKS LME FOR STRATEGY STATEMENT
+  Representatives of the International
+  Wrought Copper Council (IWCC) and major copper producers have
+  told the London Metal Exchange (LME) a clear statement of its
+  forward strategy would lead to a better understanding between
+  industry and the LME.
+      In a press release the IWCC said that at the latest meeting
+  between the copper industry and the LME to discuss the new
+  clearing house system, industry expressed grave concern about
+  latest proposals made by at least one LME member for a cash
+  cleared market to replace the planned clearing system which
+  will retain the prompt date settlement basis.
+      Copper industry delegates told the LME a decision to change
+  (the planned clearing system) would indicate a fundamental
+  change in the function of the LME and in its service to the
+  industry, the release said.
+      By deterring industry use of the Exchange for hedging and
+  physical needs it would remove many of the unique advantages
+  currently offered by the LME and make it indistinguishable from
+  non-trade orientated markets such as Comex.
+      The LME had to decide whether dealer convenience should
+  take a higher priority over customer satisfaction, industry
+  delegates said.
+      The IWCC release also said the LME had confirmed that no
+  change would be made to the clearing system planned to start on
+  May 29. But it had indicated that consideration would be given
+  in due course to the cash clearing proposal, made by
+  Amalgamated Metal Trading at a LME members meeting last week.
+      A copper industry spokesman suggested that some assurance
+  of permanence in the new clearing system would remove industry
+  fears of uncertainty resulting from an endless process of
+  review and change, the press release said.
+  
+
diff --git a/reuters/training/6848 b/reuters/training/6848
new file mode 100644
index 0000000000000000000000000000000000000000..4b2dc5fa7855eda4ebe984f9d87d4721d5cfd72e
--- /dev/null
+++ b/reuters/training/6848
@@ -0,0 +1,11 @@
+NORTH-WEST TELECOM <NOWT> 4TH QTR OPER NET
+  Oper shr 64 cts vs 52 cts
+      Oper net 872,272 vs 706,836
+      Revs 9,271,541 vs 7,744,466
+      Year
+      Oper shr 2.03 dlrs vs 1.96 dlrs
+      Oper net 2,782,7801 vs 2,684,089
+      Revs 31.2 mln vs 29.1 mln
+      NOTE: Full name is North-West Telecommunications Inc
+  
+
diff --git a/reuters/training/6849 b/reuters/training/6849
new file mode 100644
index 0000000000000000000000000000000000000000..f9e7f54c1bffe20898872901b837064851cc97c0
--- /dev/null
+++ b/reuters/training/6849
@@ -0,0 +1,25 @@
+GROUP RECONSIDERS COMPUTER MEMORIES <CMIN> BID
+  A shareholder group led by Far
+  Hills, N.J., investor Natalie Koether said it is reconsidering
+  its plan to seek control of Computer Memories Inc and now plans
+  to sell its entire stake in the company.
+      In a filing with the Securities and Exchange Commission,
+  the group, which includes Sun Equities Corp, said it sold a net
+  365,375 Computer Memories common shares between March 5 and 17
+  at prices ranging from 3-3/4 to four dlrs a share, lowering its
+  stake to 687,000 shares, or 6.2 pct of the total outstanding.
+  The group said it reconsidered its takeover plans after the
+  company announced it agreed to a stock swap.
+      On March 12, the Chatsworth, Calif., computer disk drive
+  concern said it agreed in a letter of intent to exchange 80 pct
+  of its stock, all of which would be newly issued, for the
+  assets of privately held Hemdale Film Corp, with Hemdale as the
+  surviving entity.
+      "In light of these disclosures, Sun found it necessary to
+  re-evaluate the feasibility of seeking control of the company
+  and has sold a portion of its shares and currently intends to
+  sell the balance thereof from time to time," the group said.
+      The group, which disclosed plans on Dec 29 to seek control
+  of the company, reserved the right to change its mind again.
+  
+
diff --git a/reuters/training/685 b/reuters/training/685
new file mode 100644
index 0000000000000000000000000000000000000000..a6a22ff9de46c8f636103675e4d8b52c2429ce62
--- /dev/null
+++ b/reuters/training/685
@@ -0,0 +1,28 @@
+GOODRICH <GR> TO PHASE OUT SOME BUSINESSES
+  B.F. Goodrich Co said it will phase
+  out the production of aircraft tires, missile and marine
+  products and molded rubber products in Akron, Ohio, by the end
+  of 1987, laying off about 790 salaried, production, maintenance
+  and support services employees.
+      The company said layoffs will start within the next few
+  weeks.
+      Goodrich said it will continue to make chemicals and
+  adhesives in Akron, employing about 356.  Another 5000 salaried
+  employees in Akron work for Goodrich.
+      The company said it has not been able to operate the
+  businesses being discontinued in Akron profitably enough to
+  justify the large investment that it has in them.
+      Goodrich said it will continue to make aircraft tires at
+  Norwood, N.C., and sonar domes at Jacksonville, Fla., and will
+  relocate its molded rubber products business to a site not yet
+  chosen.  It said it will stop making insulators for missiles.
+      Goodrich said it is prepared to discuss with officials of
+  the United Rubber Workers Union severance benefits for affected
+  employees and issues related to the continued operation in
+  Akron of the chemical and adhesives businesses and to the
+  phaseout of the Akron aircraft tire, missile and marine and
+  molded rubber products manufacturing.
+      A company spokesman said it does not expect any adverse
+  impact on earnings from the move.
+  
+
diff --git a/reuters/training/6850 b/reuters/training/6850
new file mode 100644
index 0000000000000000000000000000000000000000..190191892302e6bc8bda8fc91ffa1a7dddf50ac2
--- /dev/null
+++ b/reuters/training/6850
@@ -0,0 +1,10 @@
+AULT INC <AULT> 3RD QTR MARCH ONE NET
+  Shr profit eight cts vs loss 16 cts
+      Net profit 153,000 vs loss 310,000
+      Sales 3,937,000 vs 2,364,000
+      Nine Mths
+      Shr profit five cts vs loss 53 cts
+      Net profit 97,000 vs loss 1,042,000
+      Sales 10.2 mln vs 7,564,000
+  
+
diff --git a/reuters/training/6852 b/reuters/training/6852
new file mode 100644
index 0000000000000000000000000000000000000000..ed00132c72668c250a4dea2deb275f1a1f699c5d
--- /dev/null
+++ b/reuters/training/6852
@@ -0,0 +1,7 @@
+AMERICUS TRUST <ATU> AND <ATP> INITIAL DIVIDEND
+  Americus Trust for American Telephone
+  and Telegraph Shares Series Two said it will distribute an
+  initial dividend of 28.75 cts on May 12 to shareholders of
+  record March 31.
+  
+
diff --git a/reuters/training/6853 b/reuters/training/6853
new file mode 100644
index 0000000000000000000000000000000000000000..7cc6fe0787afe192c1b3d74f2be339ad9192bc8f
--- /dev/null
+++ b/reuters/training/6853
@@ -0,0 +1,9 @@
+XTRA <XTR> TO BUY FRUEHAUF <FTR> UNIT
+  XTRA Corp said it agreed to acquire all
+  the stock of RentCo Trailer Corp, a wholly owned subsidiary of
+  Fruehauf Corp for about 70 mln dlrs.
+      RentCo had revenues of about 70 mln dlrs.
+      The transaction is expected to be completed in April and is
+  subject to regulatory approval.
+  
+
diff --git a/reuters/training/6855 b/reuters/training/6855
new file mode 100644
index 0000000000000000000000000000000000000000..83c8a512732d5f67eb665df3f3a6cda3f4462008
--- /dev/null
+++ b/reuters/training/6855
@@ -0,0 +1,8 @@
+WICKES COMPANIES <WIX> COMPLETES SALE OF UNIT
+  Wickes Companies Inc said
+  it completed the sale of its Sequoia Supply division to a new
+  company created by the management of that division.
+      Paul Hylbert, president of Sequoia, has been named
+  president and chief executive officer of the new company.
+  
+
diff --git a/reuters/training/6856 b/reuters/training/6856
new file mode 100644
index 0000000000000000000000000000000000000000..ece51f728d552446852b8f6a21671d3bb37157fd
--- /dev/null
+++ b/reuters/training/6856
@@ -0,0 +1,12 @@
+LDBRINKMAN <LDBC> CHIEF CUTS CENERGY <CRG> STAKE
+  LDBrinkman Corp Chairman L.D.
+  Brinkman and members of his family said they cut their stake in
+  Cenergy Corp to 3,647 shares, or 0.4 pct of the total
+  outstanding, from 912,147 shares, or 9.4 pct.
+      In a filing with the Securities and Exchange Commission,
+  the group said it sold 302,833 Cenergy common shares to Snyder
+  Oil Partners L.P. <SOI> on March 14 for 2,725,500 dlrs and gave
+  Snyder another 605,667 shares, in exchange for 524,135 units of
+  limited partnership interests in Snyder.
+  
+
diff --git a/reuters/training/6859 b/reuters/training/6859
new file mode 100644
index 0000000000000000000000000000000000000000..79e5e3f54a60fe684bbc7dfde7cd6dd22d27a420
--- /dev/null
+++ b/reuters/training/6859
@@ -0,0 +1,7 @@
+INTER-TEL INC <INTLA> 1ST QTR FEB 28 NET
+  Shr three cts vs one ct
+      Net 235,000 vs 66,000
+      Revs 10 mln vs 8,202,000
+      Avg shrs 7,972,000 vs 8,545,000
+  
+
diff --git a/reuters/training/686 b/reuters/training/686
new file mode 100644
index 0000000000000000000000000000000000000000..f3ecf1f53aa8c5b75aef473340cfa7920598735d
--- /dev/null
+++ b/reuters/training/686
@@ -0,0 +1,8 @@
+THUNANDER CORP <THDR> YEAR NET
+  Shr 73 cts vs 58 cts
+      Net 1,101,000 vs 901,000
+      Sales 32.9 mln vs 29.1 mln
+      Note: Results include operations of BMD of New England Inc,
+  acquired Sept. 1, 1986.
+  
+
diff --git a/reuters/training/6860 b/reuters/training/6860
new file mode 100644
index 0000000000000000000000000000000000000000..a42fb2aa4f131db24da8415ceb5d7a8981fdd8ce
--- /dev/null
+++ b/reuters/training/6860
@@ -0,0 +1,8 @@
+TEXSTYRENE CORP <FOAM> 11 MTHS DEC 31 LOSS
+  Shr loss 83 cts
+      Net loss 2,115,000
+      Revs 139.6 mln
+      Avg shrs 3.6 mln
+      NOTE: Company went public February 1986.
+  
+
diff --git a/reuters/training/6861 b/reuters/training/6861
new file mode 100644
index 0000000000000000000000000000000000000000..6d4143969e8b8a3039e7364ef93d22074cd8c907
--- /dev/null
+++ b/reuters/training/6861
@@ -0,0 +1,6 @@
+FLUOROCARBON CORP <FCBN> QTLY DIVIDEND
+  Shr seven cts vs seven cts prior qtr
+      Pay April 30
+      Record April 15
+  
+
diff --git a/reuters/training/6862 b/reuters/training/6862
new file mode 100644
index 0000000000000000000000000000000000000000..66fde37b951e0bd26c0b123650bda0adf3511ab3
--- /dev/null
+++ b/reuters/training/6862
@@ -0,0 +1,7 @@
+METRO MOBILE <MMCT> DECLARES STCOK DIVIDEND
+  Metro Mobile CTS Inc said it declared
+  a 10 pct stock dividend.
+      The dividend will be distributed on April 13 to holders of
+  record March 30.
+  
+
diff --git a/reuters/training/6863 b/reuters/training/6863
new file mode 100644
index 0000000000000000000000000000000000000000..f2bcd597e6080417e1780191c6ac5bac6030ac0f
--- /dev/null
+++ b/reuters/training/6863
@@ -0,0 +1,24 @@
+LAURENTIAN GROUP SEES HIGHER SHARE NET
+  <Laurentian Group Corp> said it
+  expects 1987 earnings per share will show about the same
+  proportionate increase as in 1986.
+      Last year, the company had 25.7 mln dlrs operating profit,
+  or 76 cts per share, up from 11.1 mln dlrs, or 59 cts per
+  share, in 1985. Shares outstanding increased to 39 mln from
+  27.8 mln.
+      The American holding company, Laurentian Capital Corp, will
+  show a substantial improvement this year, chairman Claude
+  Castonguay said before the annual meeting.
+      Laurentian Capital Corp, which recently acquired two small
+  U.S. life insurance companies, had 1986 profit of 1.1 mln U.S.
+  dlrs, or eight cts per share, compared to seven mln U.S. dlrs,
+  or 68 cts per share.
+      Castonguay said Laurentian Group Corp, the parent firm,
+  plans to fill out its national financial services distribution
+  system and make further acquisitions if the right opportunity
+  occurs.
+      The company also may expand this year in continental
+  Europe, in conjunction with La Victoire, a French insurance
+  company, he said.
+  
+
diff --git a/reuters/training/6864 b/reuters/training/6864
new file mode 100644
index 0000000000000000000000000000000000000000..f66b595206be68a97ed25e9312e0e20607be2ce6
--- /dev/null
+++ b/reuters/training/6864
@@ -0,0 +1,7 @@
+METRO MOBILE <MMCT> DECLARES STOCK DIVIDEND
+  Metro Mobile CTS Inc said it declared
+  a 10 pct stock dividend.
+      The dividend will be distributed on April 13 to holders of
+  record March 30.
+  
+
diff --git a/reuters/training/6865 b/reuters/training/6865
new file mode 100644
index 0000000000000000000000000000000000000000..ae5396ca9b0f5793d1e1e2f6e360ed96077a2fc4
--- /dev/null
+++ b/reuters/training/6865
@@ -0,0 +1,6 @@
+<TRIDEL ENTERPRISES INC> YEAR NET
+  Shr 1.05 dlrs vs 51 cts
+      Net 8,500,000 vs 4,100,000
+      Revs 183.2 mln vs 136.6 mln
+  
+
diff --git a/reuters/training/6866 b/reuters/training/6866
new file mode 100644
index 0000000000000000000000000000000000000000..af3756a729d062ec92f043bac77e30ef8fa189f8
--- /dev/null
+++ b/reuters/training/6866
@@ -0,0 +1,17 @@
+PERU SHORT-TERM TRADE CREDIT UP TO 430 MLN DLRS
+  Peru's short-term foreign trade credit
+  lines, regarded as vital to ensure smooth foreign commercial
+  transactions, have more than doubled to 430 mln dollars under
+  the 20-month government of president Alan Garcia.
+      Central bank general manager Hector Neyra told reporters
+  many of the credits were 90-day.
+      Trade credits were 210 mln dlrs when Garcia took office in
+  1985 announcing a tough stance limiting foreign debt repayments
+  to 10 pct of export earnings.
+      Neyra told Reuters Peru was current on interest payments on
+  short-term debt, including trade credit lines and on about 750
+  mln dlrs in so-called  "working capital" credits.
+      Trade credit lines were 880 mln dlrs in 1982, but fell in
+  1984 when Peru stopped some payments to private foreign banks.
+  
+
diff --git a/reuters/training/6869 b/reuters/training/6869
new file mode 100644
index 0000000000000000000000000000000000000000..d13483550c5e680c759d3456b0f260685ad0ec12
--- /dev/null
+++ b/reuters/training/6869
@@ -0,0 +1,28 @@
+U.K. TO SELL OFF REMAINING 31.7 PCT STAKE IN BP
+  The British Conservative government said
+  it would sell off its remaining 31.7 pct shareholding in
+  British Petroleum Co Plc <BP.L> during the next financial year
+  which starts on April 1.
+      Treasury Financial Secretary Norman Lamont made the
+  announcement to Parliament. He said, "The government's policy is
+  to sell its minority holdings in companies as and when
+  circumstances permit.
+      "As part of this policy I am now able to announce that,
+  subject to market conditions, the government will sell its
+  remaining shares in BP during the 1987/88 financial year."
+      The last sale of British government shares in BP was in
+  September 1983. The government currently holds some 578.5 mln
+  ordinary shares in the company.
+      Lamont said the Treasury would appoint financial advisers
+  for the sale. Merchant banks and stockbrokers interested in
+  being considered for this would be interviewed in early April.
+      In September 1983, the U.K. Government sold 150 mln shares
+  in an underwritten offer for sale by tender. The striking price
+  then was 435 pence - 7.5 pct above the minimum tender price, a
+  Treasury spokesman said.
+      He said the sale of BP shares would not cut across the
+  government's plans to privatise Rolls-Royce, in either April or
+  May, or the sale of BAA Plc, the British airports authority
+  which is slated for privatisation in either June or July.
+  
+
diff --git a/reuters/training/687 b/reuters/training/687
new file mode 100644
index 0000000000000000000000000000000000000000..67e071a4c1a808e9846f5c1c8b3133d2df36adde
--- /dev/null
+++ b/reuters/training/687
@@ -0,0 +1,7 @@
+FINAL TRUST FOR THRIFT INSTITUTIONS PAYOUT SET
+  <Massachusetts Financial Services Co>
+  said it has set the final income and capital gain distributions
+  for <Trust for Thrift Institutions High Yield Series> of 1.069
+  dlrs and 7.645 dlrs, respectively, payable today.
+  
+
diff --git a/reuters/training/6871 b/reuters/training/6871
new file mode 100644
index 0000000000000000000000000000000000000000..6bcdc3fa917cba10c69fc678f470627eb71c85e9
--- /dev/null
+++ b/reuters/training/6871
@@ -0,0 +1,5 @@
+EIA SAYS DISTILLATES OFF 7.6 MLN BBLS, GASOLINE OFF 3.4 MLN, CRUDE OFF 4.4 MLN
+
+  EIA SAYS DISTILLATES OFF 7.6 MLN BBLS, GASOLINE OFF 3.4 MLN, CRUDE OFF 4.4 MLN
+  
+
diff --git a/reuters/training/6872 b/reuters/training/6872
new file mode 100644
index 0000000000000000000000000000000000000000..0ff60632690567703f8fa318c93a6f10dad3777f
--- /dev/null
+++ b/reuters/training/6872
@@ -0,0 +1,12 @@
+EAST RAND MINES EXPECT HIGHER GOLD PRODUCTION
+  East Rand Proprietary Mines Ltd
+  said that barring any major disruption in production, it
+  expects 1987 gold output to top 10 tonnes after dropping to
+  9.223 tonnes last year from 10.251 in 1985.
+      Chairman Clive Knobbs said in the annual report the mine
+  was expected to mill a higher tonnage while capital expenditure
+  during 1987 will be around 118.5 mln rand.
+     The decline in gold production last year was due to a four
+  pct drop in tonnage milled and a seven pct decline in grade.
+  
+
diff --git a/reuters/training/6873 b/reuters/training/6873
new file mode 100644
index 0000000000000000000000000000000000000000..939ee3761907d615d4f58573f3b4da07ddcb0b28
--- /dev/null
+++ b/reuters/training/6873
@@ -0,0 +1,7 @@
+SNYDER <SOI> BUYS STAKE IN CENERGY
+  Snyder Oil Partners LP said
+  it acquired 1.2 mln shares, or 12 pct, of Cenergy Corp.
+      It said it is continuing to review its investment  and has
+  made no determination of its future course of action.
+  
+
diff --git a/reuters/training/6874 b/reuters/training/6874
new file mode 100644
index 0000000000000000000000000000000000000000..c910ba62d6c91e8e198fe47f86f6812d8996e5a9
--- /dev/null
+++ b/reuters/training/6874
@@ -0,0 +1,14 @@
+FAR WEST FINANCIAL <FWF> TO BUY PROGRESSIVE
+  Progressive Savings and Loan
+  Association <PRSL> said it has agreed in principle to be
+  purchased by Far West Financial Corp's Far West Savings and
+  Loan Association.
+      The acquisition would be a cash merger, with Progressive
+  shareholders receiving up to three dlrs per share, the company
+  said.
+      Progressive Savings has assets of about 500 mln dlrs and
+  operates ten offices in Los Angeles and Orange counties.
+      The agreement is subject to federal and shareholder
+  approval.
+  
+
diff --git a/reuters/training/6875 b/reuters/training/6875
new file mode 100644
index 0000000000000000000000000000000000000000..1a99e2f7cb4f606abcbfa7ffd05a70c4f2167ac2
--- /dev/null
+++ b/reuters/training/6875
@@ -0,0 +1,6 @@
+COMMUNITY SAVINGS BANK <CSBN> QTLY DIVIDEND
+  Qtly div six cts vs six cts prior
+      Pay April 17
+      Record April 3.
+  
+
diff --git a/reuters/training/6876 b/reuters/training/6876
new file mode 100644
index 0000000000000000000000000000000000000000..581be089f165988325cd5c118a5a4b9fe5dc3bb8
--- /dev/null
+++ b/reuters/training/6876
@@ -0,0 +1,73 @@
+DIVISION SEEN ON HOW TO HELP U.S. OIL INDUSTRY
+  The U.S. Congress and the oil industry
+  are deeply divided on ways the government should assist the
+  industry, hurt by the sharp fall in oil prices, and the
+  subsequent growth in oil imports, industry analysts said.
+      "The industry is deeply divided between those who support an
+  oil tariff and those who believe tax incentives are better,"
+  said Daniel Yergin, director of Cambridge Energy Research
+  Associates, which recently completed a survey of the U.S.
+  Congress on energy issues.
+      Yergin said he saw mounting support within Congress for tax
+  incentives rather than an oil tariff or import fee.
+      Today U.S. Energy Secretary John Herington said he will
+  propose tax incentives to increase edomestic oil and natural
+  gas exploration and production to the Reagan Administration for
+  consideration. White House spokesman Marlin Fitzwater said the
+  proposal would be reviewed.
+      Herrington said, "I would like to shoot for one mln barrels
+  a day (addition) to U.S. production." U.S. oil output was off to
+  8.4 mln bpd in the week of March 13, down six pct from last
+  year, the American Petroleum Institute said.
+      Oil industry analysts have forecast oil prices to average
+  about 18 dlrs a barrel for the year and many believe that a
+  move above that level will be unlikey for the near term.
+      Paul Mlotok, oil analyst for Salomon Brothers Inc said that
+  "even with the rise in prices for the last week or two we've
+  only altered our average price scenerio to about 17.50 dlrs for
+  the year."
+      Analysts said that at that price renewed drilling and
+  exploration to reverse the decline in U.S. crude oil output
+  will not take place as the companies are waiting for stable
+  prices over 20 dlrs to renew exploration.
+      John Lichtblau, president of the Petroleum Industry
+  Research Foundation Inc in New york in recent testimony to
+  Congress said "The continuing decline in U.S. oil production is
+  virtually inevitable under any realistic price scenario. But
+  the future rate of decline is very much a function of world oil
+  prices and U.S. government policy."
+      Lichtbalu said that tax breaks could be used to raise oil
+  production but would only work over time.
+      "Lowering the producing industry's tax burden would probably
+  be a slower stimulant (to output) than a price increase but
+  would not raise energy costs." Lichtblau said.
+      But the small independent oil companies who do much of the
+  drilling in the U.S. are looking for the more immediate relief
+  which could be brought on by an oil import fee.
+      Ronald Tappmeyer, president of the International
+  Association of Drilling Contractors, said, "The members of our
+  trade asssociation are convinced that only a variable oil
+  import fee that sets a minimum price trigger can protect our
+  nation." The association represents some 1,300 drilling and oil
+  service companies.
+      The CERA survey of Congress shows that the oil import fee
+  will face a stiff uphill battle.
+      Yergin said that the poll which was conducted in January by
+  a former Congressman, Orval Hansen, showed support for the oil
+  import fee from 22 pct of the Congressmen surveyed largely as a
+  means of protecting the domestic petroleum industry.
+       At the same time 48 pct of the Congressmen surveyed
+  opposed the fee with the respondents saying the tariff would
+  hurt consumers and some regional interests.
+      But 80 pct of the sample said support for a fee could grow
+  if production continued to fall and imports to rise.
+      Yergin said that imports above 50 pct of U.S. requirements
+  "is a critical, symbolic level. If they (imports) move above
+  that level, a fee may not be legislated but there will
+  certainly be pressure for some form of action."
+       But Lichtblau, in a telephone interview, said, "a 50 pct
+  rate of import dependency is not likely to happen before 1990.
+      In 1986 U.S. oil imports rose to 33 pct of u.s. energy
+  requirements and shopuld be about 34 pct in 1987, he added.
+  
+
diff --git a/reuters/training/6877 b/reuters/training/6877
new file mode 100644
index 0000000000000000000000000000000000000000..f9652515ab57d61f7db98620f0dafd379b1d37ca
--- /dev/null
+++ b/reuters/training/6877
@@ -0,0 +1,19 @@
+TEXSTYRENE <FOAM> SUSPENDS PREFERRED PAYMENTS
+  Texstyrene Corp said it has
+  suspended quarterly cash dividend payments on its 9.5 pct
+  convertible exchangeable preferred stock.
+      The suspension effects the March 15 payment, and it said it
+  does not expect to pay preferred dividends in the forseeable
+  future.
+      It said the payments were suspended because of certain
+  covenants contained in its loan agreements. A spokesman said
+  the company's loss of 2,115,000 dlrs for the first 11 months as
+  a public company did not meet an income condition on the loans,
+  leading to the suspension.
+      The maker of foam cups, food containers and other products
+  said it had 733,332 outstanding preferred shares, which had
+  been privately placed.
+      The dividend payments on the shares amounted to 1,045,000
+  dlrs per year, the spokesman said.
+  
+
diff --git a/reuters/training/688 b/reuters/training/688
new file mode 100644
index 0000000000000000000000000000000000000000..ae80a9efbce41b6789f098d879d37110357b95c2
--- /dev/null
+++ b/reuters/training/688
@@ -0,0 +1,17 @@
+(RPT) U.S. SAYS TIN DISPOSALS WILL NOT AFFECT ACCORD
+  U.S. tin disposals should have little
+  effect on an agreement reached last weekend by tin producing
+  countries to limit group exports to 96,000 tonnes in the year
+  started March 1, a government official said.
+      The agreement by the seven-member Association of Tin
+  Producing Countries (ATPC) aimed to cut the world surplus and
+  boost prices. Following the accord, ATPC Chairman Subroto
+  appealed to the United States to restrict its tin releases from
+  its strategic stockpile.
+      "We don't think that (the U.S. government) has a large
+  influence in the (tin) market at this stage of the game," said
+  Thomas O'Donnell, Director of International Commodities at the
+  State Department. Last year the United States released about
+  4,900 tonnes of tin to two ferroalloy firms.
+  
+
diff --git a/reuters/training/6880 b/reuters/training/6880
new file mode 100644
index 0000000000000000000000000000000000000000..2fe483d3096d5637d6dfe400148d995aac7c1460
--- /dev/null
+++ b/reuters/training/6880
@@ -0,0 +1,13 @@
+SPECTRAN CORP <SPTR> 4TH QTR
+  Shr loss 2.22 dlrs vs profit 16 cts
+      Net loss 10.2 mln vs profit 760,443
+      Revs 1.1 mln vs 3.7 mln
+      Year
+      Shr loss 3.68 dlrs vs profit 64 cts
+      Net loss 16.9 mln vs profit 2.7 mln
+      Revs 3.6 mln vs 15.2 mln
+      NOTE:1986 4th qtr includes 6.7 mln dlr restructuring charge
+  and writedowns of 280,000 dlrs. year includes writedown of 3.6
+  mln dlrs.
+  
+
diff --git a/reuters/training/6881 b/reuters/training/6881
new file mode 100644
index 0000000000000000000000000000000000000000..2442db184e8f7fa4e4504e5d37bf0fcadb82bf8d
--- /dev/null
+++ b/reuters/training/6881
@@ -0,0 +1,6 @@
+<VANGUARD INDEX TRUST> QUARTERLY DIVIDEND
+  Qtly div 18 cts vs 18 cts prior
+      Pay April 30
+      Record March 26.
+  
+
diff --git a/reuters/training/6882 b/reuters/training/6882
new file mode 100644
index 0000000000000000000000000000000000000000..9168a89a8137f6f6f26912811d4339e16ef6d7aa
--- /dev/null
+++ b/reuters/training/6882
@@ -0,0 +1,29 @@
+SHULTZ SAYS U.S. PRODUCTS MUST BE COMPETITIVE
+  Asked what the U.S. State
+  Department's policy is on offering subsidized wheat to Moscow,
+  Secretary of State George Shultz told a group of farm leaders
+  that U.S. products must be competitive in the world market.
+      "If we are going to sell our products, whatever they may
+  be, wheat or anything else, then we have to meet the market,"
+  Shultz told the board of directors for the National Association
+  of Wheat Growers.
+      "We have to be competitive. It's ridiculous to say that
+  somebody is going to buy your product if they can get the same
+  thing at a lower price somewhere else. They just aren't," he
+  said.
+      "That is our approach in the negotiations with the Soviets,
+  and it must be our approach as we look at the American farm
+  program and try to figure out what we should do to make it
+  better," Shultz told the Wheat Growers.
+      Schultz said that while he does not favor a situation that
+  would allow the Soviet housewife to buy food cheaper than the
+  American housewife, he realizes the importance of American
+  agricultural products being competitively priced.
+      Speculation has been in the market for some time that the
+  United States is considering offering wheat to the Soviet Union
+  at subsidized prices.
+      Soviet officials have said they would buy U.S. wheat if it
+  were competitively priced. Agriculture Department officials
+  have declined to take any official position on the issue.
+  
+
diff --git a/reuters/training/6884 b/reuters/training/6884
new file mode 100644
index 0000000000000000000000000000000000000000..d8bf792f009e1181f47beae69339f25c3e401f53
--- /dev/null
+++ b/reuters/training/6884
@@ -0,0 +1,15 @@
+CANADIAN PACIFIC SEEKS BUYER FOR MAPLE LEAF UNIT
+  Canadian Pacific Ltd said it retained
+  Wood Gundy Inc to seek a buyer for Maple Leaf Mills Ltd of
+  Toronto.
+      The company said Maple Leaf had 1986 sales of 819 mln
+  Canadian dlrs and an after tax profit of 16.3 mln Canadian
+  dlrs. It is a diversified agriproducts company which produces
+  and sells industrial and consumer flour, flour-based products
+  and baked goods.
+      It also operates a fully integrated poultry business and a
+  rendering business, markets livestock and poultry feed and
+  distributes grain through a network of country and terminal
+  elevators.
+  
+
diff --git a/reuters/training/6886 b/reuters/training/6886
new file mode 100644
index 0000000000000000000000000000000000000000..5878f9cc04de52fbf8f99466a946a23cddc27ade
--- /dev/null
+++ b/reuters/training/6886
@@ -0,0 +1,11 @@
+GREYHOUND CORP <G> COMPLETES BUS LINE SALE
+  Greyhound corp said it completed
+  the sale of its Greyhound Lines unit to Dallas-based GLI
+  Holdings Inc for 350 mln dlrs in cash, securities, royalties
+  and other considerations.
+      Greyhound said GLI is authorized to continue using the
+  familiar running dog logo on a red, white and blue shield,
+  while Greyhound Corp will continue to use the running dog alone
+  as its symbol.
+  
+
diff --git a/reuters/training/6887 b/reuters/training/6887
new file mode 100644
index 0000000000000000000000000000000000000000..532591e9953c906c4c4e452742c22c5da8cad92e
--- /dev/null
+++ b/reuters/training/6887
@@ -0,0 +1,19 @@
+INTERCARE <CARE> DROPS OFFERING, BUYOUT PLANS
+  InterCare Inc said it 
+  terminated plans to acquire Universal Care, a California health
+  mainenance organization, following First Jersey Securities'
+  decision to withdraw as underwriter for InterCare's proposed
+  public debt and equity securities offering.
+      The acquisition was contingent on its ability to obtain
+  financing to fund the 1.9 mln dlr cash portion of the purchase
+  price, InterCare said.
+      It also said the offering was aimed at raising 7.5 mln dlrs
+  for working capital and 1.7 mln to repay debt incurred in
+  connection with its recent acquisition of U.S. Medical
+  Enterprises Inc.
+      The company further stated that it has a 1.7 mln dlr
+  working capital deficit and it will therefore reduce operating
+  expenses by decreasing operating hours, workforce reductions
+  and the sale of certain assets.
+  
+
diff --git a/reuters/training/6888 b/reuters/training/6888
new file mode 100644
index 0000000000000000000000000000000000000000..8bdb12a3a8df0e123c789742255a08dd201a80f7
--- /dev/null
+++ b/reuters/training/6888
@@ -0,0 +1,8 @@
+PROVIDENCE ENERGY <PVY> FINALIZES ACQUISITION
+  Providence Energy Corp said it
+  completed the purchase of North Attleboro Gas co.
+      Terms were not disclosed.
+      North Attleboro serves 2,273 residential customers, 288
+  commercial customers, and 40 industrial customers.
+  
+
diff --git a/reuters/training/689 b/reuters/training/689
new file mode 100644
index 0000000000000000000000000000000000000000..03e29cfe3d8952aabe4721bdaefcd8158dac2398
--- /dev/null
+++ b/reuters/training/689
@@ -0,0 +1,5 @@
+ROSPATCH TO RESPOND TO DIAGNOSTIC BID
+
+  ROSPATCH TO RESPOND TO DIAGNOSTIC BID
+  
+
diff --git a/reuters/training/6890 b/reuters/training/6890
new file mode 100644
index 0000000000000000000000000000000000000000..46c23e6ee16a8d09b6789f65c978283abf6d5625
--- /dev/null
+++ b/reuters/training/6890
@@ -0,0 +1,64 @@
+ARGENTINE MAIZE, SOYBEAN FORECASTS FALL
+  Argentine grain growers reduced
+  their estimates for maize and soybean production in the current
+  harvest in the week to yesterday, trade sources said.
+      Soybean production for 1986/87 is now estimated to reach
+  between 7.7 and eight mln tonnes, versus 7.8 to 8.2 mln tonnes
+  estimated a week ago and eight to 8.4 mln tonnes estimated in
+  mid-February.
+      But even the lowest of those estimates would be 8.5 to 12.7
+  pct greater than last year's total of 7.1 mln tonnes, according
+  to official figures, and would be a new record.
+      The total area planted with soybeans for this harvest was a
+  record 3.7 to 3.8 mln hectares and increased 10.8 to 13.8 pct
+  compared to the 3.3 mln hectares planted last year.
+      The change in yield estimates is due to very high
+  temperatures and inadequate rainfall since early in the year in
+  the soybean-producing belt of southern Cordoba and Santa Fe and
+  northern Buenos Aires province.
+      The heat and lack of rain combined to leave many soybean
+  pods empty, especially in Cordoba.
+      Intense rains in recent weeks did not affect crops, since
+  rainfall was slight in most main soybean-producing areas.
+      Rains in the week to yesterday were isolated and weak in
+  Buenos Aires province, totalling between one and 10 mm. There
+  was no recorded rain in other grain-producing provinces.
+      With clear skies and seasonable temperatures, fields were
+  able to dry in areas that had received heavy rains in recent
+  weeks, allowing growers to accelerate the pace of maize,
+  sunflower and sorghum harvesting.
+      Crops were considered in generally good condition, though
+  it is still too early to judge whether the intense rains of
+  recent weeks caused any long-term damage.
+      The maize harvest advanced to between 20 and 22 pct of the
+  total area planted, compared to 13 to 15 pct a week ago.
+      Total area planted with maize for this harvest stood at
+  3.58 to 3.78 mln hectares, down two to seven pct from the 3.85
+  mln hectares planted in the previous harvest.
+      Total production for the current maize harvest is expected
+  to reach between 9.9 and 10.1 mln tonnes, versus 10 to 10.2 mln
+  tonnes estimated a week ago. The new figure is 21.1 to 22.7 pct
+  lower than the 12.8 mln tonnes produced in the last harvest,
+  according to official figures.
+      The sunflower harvest advanced to between 20 and 23 pct of
+  total planted area, versus 15 to 18 pct a week ago.
+      Total area planted with sunflower for this harvest was two
+  to 2.2 mln hectares, or 29.9 to 36.3 pct lower than the record
+  3.14 mln hectares planted in the 1985/86 harvest.
+      The current harvest's volume was again expected to be
+  between 2.3 and 2.6 mln tonnes, or 34.1 to 41.5 pct lower than
+  last harvest's record 4.1 mln tonnes.
+      Yields varied widely from area to area, and growers feared
+  that heavy rains in recent weeks may have taken their toll on
+  crops and, consequently, on total production volume.
+      The sorghum harvest reached between nine and 11 pct of
+  total planted area, compared to four to six pct a week ago.
+      Total area planted with sorghum stood at between 1.2 and
+  1.3 mln hectares, or 10.3 to 15.2 pct lower than the 1.4 mln
+  hectares planted in the previous harvest.
+      Estimates for total sorghum production this harvest
+  remained at 3.2 to 3.5 mln tonnes again this week, or 16.7 to
+  22 pct lower than last harvest's total volume of 4.1 to 4.2 mln
+  tonnes.
+  
+
diff --git a/reuters/training/6893 b/reuters/training/6893
new file mode 100644
index 0000000000000000000000000000000000000000..e9d8bd917af08feacffb1c2782c599f973f721c9
--- /dev/null
+++ b/reuters/training/6893
@@ -0,0 +1,23 @@
+RECENT U.S. OIL DEMAND UP 2.3 PCT FROM YEAR AGO
+  U.S. oil demand as measured by
+  products supplied rose 2.3 pct in the four weeks ended March 13
+  to 16.49 mln barrels per day (bpd) from 16.11 mln in the same
+  period a year ago, the Energy Information Administration (EIA)
+  said.
+      In its weekly petroleum status report, the Energy
+  Department agency said distillate demand was up 2.9 pct in the
+  period to 3.43 mln bpd from 3.33 mln a year earlier.
+      Gasoline demand averaged 6.93 mln bpd, up 4.0 pct from 6.67
+  mln last year, while residual fuel demand was 1.31 mln bpd, off
+  7.9 pct from 1.42 mln, the EIA said.
+      Domestic crude oil production was estimated at 8.36 mln
+  bpd, down 8.1 pct from 9.10 mln a year ago, and gross daily
+  crude imports (excluding those for the SPR) averaged 3.70 mln
+  bpd, up 24.8 pct from 2.96 mln, the EIA said.
+      Refinery crude runs in the four weeks were 11.92 mln bpd,
+  up 1.0 pct from 11.80 mln a year earlier, it said.
+      Year-to-date figures will not become available until March
+  26 when EIA's Petroleum Supply Monthly data for January 1987
+  becomes available, the agency said.
+  
+
diff --git a/reuters/training/6894 b/reuters/training/6894
new file mode 100644
index 0000000000000000000000000000000000000000..b0cd020c64842d7e379abcb6b91aa7e7565ea314
--- /dev/null
+++ b/reuters/training/6894
@@ -0,0 +1,7 @@
+MESA ROYALTY TRUST <MRT> MONTHLY PAYOUT
+  Mesa Royalty Trust <MRT> said unit
+  holders of record March 31 will receive a distribution
+  amounting to 55,192 dlrs or 2.96 cts per unit, payable April
+  30.
+  
+
diff --git a/reuters/training/6897 b/reuters/training/6897
new file mode 100644
index 0000000000000000000000000000000000000000..7d8458db2f9f17bad5bbfdf9cab8338ea8be22e2
--- /dev/null
+++ b/reuters/training/6897
@@ -0,0 +1,11 @@
+TAIWAN BUYS 450,000 TONNES OF U.S. CORN
+  Taiwan overnight bought 450,000
+  tonnes of U.S. number two corn, 14.5 pct moisture, for Gulf and
+  West Coast shipment in 11 cargoes between May and October,
+  private export sources said.
+      Gulf shipment ranged in prices from 75.17 to 78.45 dlrs per
+  tonne stowed and trimmed, FOB euqivalent, and West Coast
+  shipments ranged from 79.41 to 81.02 dlrs per tonne, stowed and
+  trimmed, FOB equivalent, they said.
+  
+
diff --git a/reuters/training/6898 b/reuters/training/6898
new file mode 100644
index 0000000000000000000000000000000000000000..2589809ca02b28fe79e120853e9bbd9c8ed0d3c8
--- /dev/null
+++ b/reuters/training/6898
@@ -0,0 +1,6 @@
+RESULTS AWAITED ON EGYPT PL 480 WHEAT TENDER
+  Results were awaited on Egypt's
+  tender today for 200,000 tonnes of U.S. soft or white wheat for
+  April shipment under PL 480, private export sources said.
+  
+
diff --git a/reuters/training/69 b/reuters/training/69
new file mode 100644
index 0000000000000000000000000000000000000000..710c441406a5a461a7312c00391325babbe4b8bf
--- /dev/null
+++ b/reuters/training/69
@@ -0,0 +1,15 @@
+U.S. WEEKLY SOYBEAN CRUSH 21,782,929 BUSHELS
+  Reporting members of the National
+  Soybean Processors Association (NSPA) crushed 21,782,929
+  bushels of soybeans in the week ended Feb 25 compared with
+  22,345,718 bushels in the previous week and 16,568,000 in the
+  year-ago week, the association said.
+      It said total crushing capacity for members was 25,873,904
+  bushels vs 25,873,904 last week and 25,459,238 bushels last
+  year.
+      NSPA also said U.S. soybean meal exports in the week were
+  117,866 tonnes vs 121,168 tonnes a week ago and compared with
+  84,250 tonnes in the year-ago week.
+      NSPA said the figures include only NSPA member firms.
+  
+
diff --git a/reuters/training/690 b/reuters/training/690
new file mode 100644
index 0000000000000000000000000000000000000000..f342aba2f4eeb0c8e60290c414c8149d2096e582
--- /dev/null
+++ b/reuters/training/690
@@ -0,0 +1,7 @@
+FRANKLIN INSURED TAX-FREE SETS PAYOUT
+  Mthly div 7.1 cts vs 7.1 cts prior
+      Pay March 31
+      Record March 16
+      NOTE: Franklin Insured Tax-Free Income Fund.
+  
+
diff --git a/reuters/training/6903 b/reuters/training/6903
new file mode 100644
index 0000000000000000000000000000000000000000..cf6e47e305ba605f1bac5866decfa1b96a9ab1b2
--- /dev/null
+++ b/reuters/training/6903
@@ -0,0 +1,17 @@
+AMSTUTZ SEES MORE BULLISH WHEAT OUTLOOK IN 1987
+  U.S. Agriculture Undersecretary
+  Daniel Amstutz indicated the world wheat supply/demand
+  situation has become more bullish recently because of
+  developments in the world market and increased consumption.
+      Speaking to a House Agriculture Appropriations
+  subcommittee, Amstutz cited three factors which have improved
+  the wheat outlook.
+      He said world consumption of wheat is increasing by about
+  20 mln tonnes this year, primarily for feed use. There are also
+  reports from Australia, Canada and Argentina that plantings
+  have been reduced, he said. Furthermore, he cited reports of
+  greater than normal winterkill in the Soviet Union.
+      "It seems reasonable to expect production and consumption
+  to be in far better balance than a year ago," Amstutz said.
+  
+
diff --git a/reuters/training/6905 b/reuters/training/6905
new file mode 100644
index 0000000000000000000000000000000000000000..de2db6326ea61219893cde04fffeb359b0e6a61f
--- /dev/null
+++ b/reuters/training/6905
@@ -0,0 +1,14 @@
+ARGENTINE OIL, GAS PRODUCTION FALL IN FEBRUARY
+  Argentina's total oil and gas
+  production fell 9.4 pct in February to 2.78 mln cubic metres
+  from January's total of 3.11 mln cubic metres, the state oil
+  company Yacimientos Petroliferos Fiscales (YPF) reported.
+      A YPF statement blamed the drop on momentary problems owing
+  to the summer season but gave no further details.
+      February's production figure fell slightly short of YPF's
+  target figure of 2.90 mln cubic metres.
+      Oil production totalled 1.76 mln cubic metres last month
+  and natural gas production 1.02 mln cubic metres, down from
+  1.95 and 1.15 mln cubic metres in January, respectively.
+  
+
diff --git a/reuters/training/6906 b/reuters/training/6906
new file mode 100644
index 0000000000000000000000000000000000000000..f6dfa16afe1da132237f0841718d90a90cfd5aa2
--- /dev/null
+++ b/reuters/training/6906
@@ -0,0 +1,17 @@
+U.S. SOYBEANS HAVE COMPETITIVE PROBLEM - AMSTUTZ
+  Soybeans produced in the United
+  States face a competitive price problem because of the loan
+  rate provisions of the 1985 farm bill, U.S. Undersecretary of
+  Agriculture Daniel Amstutz said.
+      Amstutz told a House Agriculture Appropriations
+  subcommittee hearing that soybeans are caught in a "squeeze"
+  because the Farm Bill allowed steep cuts in grain loan rates
+  while limiting the soybean reduction.
+      As a result, he said U.S.-produced soybeans "have a price
+  problem" in competing with other soybean producing countries.
+      Amstutz called the situation a "dilemma" for the USDA, and
+  said "we have spent hours in ASCS (Agriculture Stabilization
+  and Conservation Service) looking at this."
+      He did not say what may be done to rectify the situation.
+  
+
diff --git a/reuters/training/6907 b/reuters/training/6907
new file mode 100644
index 0000000000000000000000000000000000000000..e38fc4e61cb2ede4e11d2239e7903b8d3501195a
--- /dev/null
+++ b/reuters/training/6907
@@ -0,0 +1,14 @@
+MITEK SYSTEMS EXPECTS LOSS IN CURRENT QUARTER
+  <Mitek Systems Inc> said it
+  expects to report a loss in the current quarter ending March
+  31, due primarily to the government buying cycle.
+      The company did not quantify the size of the expected loss.
+  It said it expects sales and profits for fiscal 1987, however,
+  to exceed those of 1986. In 1986 Mitek reported sales of five
+  mln dlrs and a net profit of 14,000 dlrs.
+      Mitek als said it has introduced a line of 15 page per
+  minute desk top laser printers.
+      Limited shipments will begin next quarter, with full
+  production planned for the following quarter, it said.
+  
+
diff --git a/reuters/training/6908 b/reuters/training/6908
new file mode 100644
index 0000000000000000000000000000000000000000..34ccfa65dc489effe3cb84e4b1f5e041d2df8261
--- /dev/null
+++ b/reuters/training/6908
@@ -0,0 +1,24 @@
+ECHLIN <ECH> BUYS STAKE IN CHAMPION PARTS<CREB>
+  Champion Parts Rebuilders Inc
+  said Echlin Inc has bought a 20 pct stake in it by acquiring
+  600,000 newly issued shares and warrants to buy another 300,000
+  shares at 9.20 dlrs each, for a total investment of 5,400,000
+  dlrs.
+      The newly issued shares raises Champion's outstanding
+  shares to 3,113,074.
+      There are no voting restrictions on the new shares.
+  Champion's board will be expanded to include two or three
+  independent persons suggested by Echlin, it said.
+      Champion will use the proceeds to pay down long-term debt,
+  it said.
+      Echlin has agreed to limits on buying additional Champion
+  shares and its ability to seek control of Champion during the
+  next seven years, Champion said.
+      Echlin will also receive protection against the decline in
+  price of Champion's stock for seven years. Echlin could receive
+  a one-time payment, at its option in cash or stock, ranging
+  from up to one dlrs a share in 1989 to four dlrs a share in
+  1992 to 1994, to the extent the market price of Champion shares
+  is less than nine dlrs a share at those times.
+  
+
diff --git a/reuters/training/6909 b/reuters/training/6909
new file mode 100644
index 0000000000000000000000000000000000000000..6af76fc73e99e5e83e30e201c911e3774b0af504
--- /dev/null
+++ b/reuters/training/6909
@@ -0,0 +1,6 @@
+BRAZIL REJECTS ALL OFFERS AT WHEAT TENDER
+  Brazil rejected all offers at
+  tonight's wheat tender, a Brazilian Wheat Board spokesman said.
+      He said no date had been set for the next tender.
+  
+
diff --git a/reuters/training/691 b/reuters/training/691
new file mode 100644
index 0000000000000000000000000000000000000000..bd591142ef092c4c23217f30abc181d908dfbbfd
--- /dev/null
+++ b/reuters/training/691
@@ -0,0 +1,7 @@
+FRANKLIN MINNESOTA INSURED SETS PAYOUT
+  Mthly div 6.6 cts vs 6.6 cts prior
+      Pay March 31
+      Record March 16
+      NOTE: Franklin Minneosta Insured Tax-Free Income Fund.
+  
+
diff --git a/reuters/training/6912 b/reuters/training/6912
new file mode 100644
index 0000000000000000000000000000000000000000..ea3a07a56a31d00013c53170c5ebe21170f4e12b
--- /dev/null
+++ b/reuters/training/6912
@@ -0,0 +1,12 @@
+IBC PRESIDENT TO ATTEND MANAGUA COFFEE MEETING
+  Brazilian Coffee Institute (IBC)
+  president Jorio Dauster said he will attend a meeting in
+  Managua this weekend.
+      He told Reuters by telephone from Brasilia that the
+  meeting, involving Brazil, Colombia and Central American coffee
+  producers, will be strictly to review the coffee market
+  situation.
+      "The meeting is set for Saturday but could also continue on
+  Sunday," he said.
+  
+
diff --git a/reuters/training/6913 b/reuters/training/6913
new file mode 100644
index 0000000000000000000000000000000000000000..367917ba166281f03f6378e421f9d86447e7f516
--- /dev/null
+++ b/reuters/training/6913
@@ -0,0 +1,13 @@
+CANTERRA ENERGY TO DRILL WELL OFF NOVA SCOTIA
+  <Canterra Energy Ltd> said it
+  will drill an exploratory well on the Scotian shelf, about 280
+  kilometers east-southeast of Halifax, Nova Scotia.
+      Drilling will begin in late April 1987 in 61 meters of
+  water and will be drilled to a total depth of 3,500 meters,
+  Canterra said.
+      Canterra will operate the well and has a 39 pct interest in
+  it. <Petro-Canada Inc> has 26 pct, <Trillium Exploration Corp>
+  has 20 pct and <Nova Scotia Resources (Ventures) Ltd> has 15
+  pct.
+  
+
diff --git a/reuters/training/6914 b/reuters/training/6914
new file mode 100644
index 0000000000000000000000000000000000000000..adc334ea5a8d2c5150374936de8486e70a84454d
--- /dev/null
+++ b/reuters/training/6914
@@ -0,0 +1,78 @@
+FLEET <FLT> AIMS TO SPEED MERGER WITH NORSTAR
+  Fleet Financial Group hopes its
+  proposed merger with Norstar Bancorp <NOR>, ranked as the
+  largest U.S. banking merger, can be completed by the beginning
+  of 1988, according to an executive of Fleet.
+      Robert Lougee, director of corporate communications for
+  Rhode Island-based Fleet, told Reuters the company is exploring
+  the possiblity of seeking a change in the national trigger date
+  for the state's reciprocal bank law to Jan 1, 1988 from July
+  one. The decision is up to the Rhode Island legislature.
+      The merger plan was announced in a midday news release that
+  said the deal, worth about 1.3 billion dlrs, would be
+  consummated July one when Rhode Island barriers to interstate
+  banking outside of New England come down. "If we can consummate
+  the deal earlier that would be better for all concerned,"
+  Lougee said. He said to the best of his knowledge a change in
+  the Rhode Island law would not be a hardship for any other
+  banking institution in the state.
+      He said Fleet is optimstic Connecticut law, which only
+  permits interstate banking mergers within New England, can be
+  amended. Fleet owns First Connecticut Bancorp.
+      If the Connecticut law is not amended in time, Lougee said,
+  an option would be to spin off that unit with repurchase
+  provisions.
+      The New England reciprocal banking laws have excluded New
+  York as a means of protecting regional banks from being gobbled
+  up by the money center giants.
+      Wall Street analysts said the merger accord between Fleet
+  and Albany, N.Y.-based Norstar demonstrates the rapid pace of
+  interstate banking mergers since state legislatures begain
+  permitting regional mergers on a reciprocal basis. The U.S.
+  Supreme Court decided in mid-1985 to permit the mergers.
+      Fleet and Norstar in a joint statement billed the proposed
+  merger as "a partnership of two companies." Both will continue
+  to operate existing headquarters after the merger.
+      Norstar holders will receive 1.2 Fleet shares for each one
+  of theirs following Fleet's previously announced two-for-one
+  split. Fleet shares closed today at 59-1/2, up 1/8, giving the
+  deal an indicated value of 1.3 billion dlrs.
+      That topped the proposed merger of Los Angeles-based
+  Security Pacific Corp <SPC> and Seattle's Rainier Bancorpartion
+  <RBAN>. The West Coast deal, announced about four weeks ago, is
+  worth an estimated 1.2 billion dlrs.
+      Chemical New York Corp's <CHL> acquisition of Texas
+  Commerce Bancshares last year was valued at about 1.2 billion
+  dlrs, making it similar in size to the Security Pacific-Rainer
+  deal. The California combination of Wells Fargo and Co <WFC>
+  and Crocker National Corp last year was worth 1.1 billion dlrs
+  and there have been several bank mergers in the southeast
+  valued in the 700-800 mln dlr range.
+      "It's a merger of equals," said analyst John Rooney of
+  Moseley Securities Corp. He said Norstar had a book value at
+  the end of 1986 of 19.63 dlrs per share, while Fleet's book
+  value was 28.02 dlrs.
+      Rooney noted that Norstar chairman Peter Kiernan is in his
+  60's while Fleet's Terrence Murray is in his late 40's. He said
+  Kiernan would probably head the combined company until his
+  retirement then Murray could assume the top post.
+      Analyst Thaddeus Paluszek of Merrill Lynch and Co said
+  Fleet's earnings would have been diluted about two pct in 1986
+  on the basis of the merger terms announced today.
+      He noted that Fleet has a "teriffic reputation" after
+  having diversified in a number of financial areas. Fleet has
+  established consumer banks in the southeast and is known as an
+  innovator in securitization of mortgages.
+      The merged banks would have assets in excess of 25 billion
+  dlrs and be one of the 25 largest banks in the U.S.  Norstar
+  operates in most of New York state but not in New York City.
+      Lougee said at some point in the future banking operations
+  that both Norstar and Fleet operate in the state of Maine would
+  be combined.
+      The agreement between Norstar and Fleet includes a
+  "lock-up" option designed to deter other acquirers. Each
+  granted the other an option to purchase authorized but unissued
+  shares amounting to 24.99 pct of the fully diluted shares
+  outstanding.
+  
+
diff --git a/reuters/training/6917 b/reuters/training/6917
new file mode 100644
index 0000000000000000000000000000000000000000..1a538eaafc5fceb72dc766455ac87f774aac4453
--- /dev/null
+++ b/reuters/training/6917
@@ -0,0 +1,6 @@
+<TRIDEL ENTERPRISES INC> SETS INITIAL DIVIDEND
+  Qtly div five cts
+      Pay April 1
+      Record March 27
+  
+
diff --git a/reuters/training/692 b/reuters/training/692
new file mode 100644
index 0000000000000000000000000000000000000000..256a71a063c4014f68469d2616312c8b75c0d4ef
--- /dev/null
+++ b/reuters/training/692
@@ -0,0 +1,7 @@
+FRANKLIN MICHIGAN INSURED SETS PAYOUT
+  Mthly div 6.9 cts vs 6.9 cts prior
+      Pay March 31
+      Record March 16
+      NOTE: Franklin Michigan Insured Tax-Free Income Fund.
+  
+
diff --git a/reuters/training/6920 b/reuters/training/6920
new file mode 100644
index 0000000000000000000000000000000000000000..7c06aa6aa598f82966ee5d1365d2bb683bf1d478
--- /dev/null
+++ b/reuters/training/6920
@@ -0,0 +1,10 @@
+BRAZILIAN INFLATION LOWER IN FEBRUARY
+  Brazilian consumer prices rose
+  13.9 pct in February, compared to January's record rate of 16.8
+  pct, the Brazilian Geography and Statistics Institute said in a
+  statement.
+      The February rise brought the increase in consumer prices
+  since the introduction of the anti-inflation Cruzado Plan a
+  year ago to 62.5 pct.
+  
+
diff --git a/reuters/training/6922 b/reuters/training/6922
new file mode 100644
index 0000000000000000000000000000000000000000..58f016ea4db62371edcd849bcf24f81b162ab607
--- /dev/null
+++ b/reuters/training/6922
@@ -0,0 +1,44 @@
+VOLATILITY LIKELY TO REMAIN LOW IN DEBT FUTURES
+  Financial analysts see little chance
+  that U.S. interest rate futures will break out of their narrow
+  ranges and low volatility during the remainder of the week.
+      "We got a little volatility Wednesday," said Staley
+  Commodities International analyst Jerome Lacey. "But for the
+  moment we're still in a trading range."
+      Even unexpected developments concerning the growth of the
+  U.S. economy may not be enough to spur the market out of its
+  sluggish state, the analysts said.
+      "It (the bond market) has not yet demonstrated that it can
+  break out of its very low volatility," said Carroll McEntee and
+  McGinley analyst Denis Karnosky. "It needs something, but it's
+  not going to be news about the economy," he said.
+      Karnosky said that the bond market will possibly break out
+  of the doldrums if participants perceive that the dollar has
+  stabilized and the Federal Reserve has more room to conduct
+  monetary policy.
+      But even Wednesday, when fed funds were below six pct, the
+  dollar strong and oil on the soft side, bond futures attracted
+  eager sellers when contracts approached recent highs, he said.
+      In addition to a changing perception about the dollar and
+  monetary policy, Golden Gate Futures president Norman Quinn
+  said the beginning of April could bring foreign investors back
+  into the marketplace.
+      "The market is beginning to feel there may be demand at the
+  beginning of the fiscal year in Japan on April 1," Quinn said.
+      Quinn echoed the sentiment of many analysts that there are
+  large amounts of cash waiting to be invested. If Japanese
+  investment in U.S. securities does materialize at the start of
+  Japan's fiscal year, domestic funds may also flow into the bond
+  market, he said.
+      "We could get a stiff rally, possibly enough to bring
+  yields on long bonds down to seven to 7-1/8 pct," compared to
+  the current yield of about 7.5 pct, Quinn said.
+      In the meantime, even the prospect of new supply is not
+  likely to move futures.
+      The Treasury's announcement of a 15 billion dlr refunding
+  operation did little to move cash government securities prices
+  late Wednesday after the close of futures.
+      "I'd be surprised if supply pushed us out of it (the
+  trading range)," Lacey said.
+  
+
diff --git a/reuters/training/6926 b/reuters/training/6926
new file mode 100644
index 0000000000000000000000000000000000000000..7ff846b9171bbc53eb125503aadb1c2c2964ec9d
--- /dev/null
+++ b/reuters/training/6926
@@ -0,0 +1,55 @@
+U.S. HOUSE PANEL VOTES TO EASE EXPORT CONTROLS
+  A key House panel voted to greatly
+  ease government controls on exports as several House committees
+  moved rapidly toward approval of major changes in trade laws
+  they hope will help solve U.S. trade woes.
+      The House Foreign Affairs Subcommittee on International
+  Economic Policy voted to direct the administration to cut the
+  list of controlled exports by 40 per cent by removing items no
+  longer considered important to U.S. military security.
+      Industries had complained they were losing sales to foreign
+  competitors who were allowed to export freely products U.S.
+  companies could not sell abroad.
+      The issue has been the subject of administration debate.
+  The Commerce Department had held that unnecessary restrictions
+  impeded U.S. exports while the Defense Department said current
+  controls should be retained but better administered.
+      Four congressional panels met today to consider portions of
+  a wideranging trade bill that intends to help U.S. companies
+  sell more products abroad and to fight unfair foreign trade
+  practices.
+      Their separate proposals, some of them conflicting, will be
+  woven by House Democratic leaders into a final trade bill for a
+  vote by the full House in late April.
+      Sparked by the proposal of Fujitsu Ltd. to take controlling
+  interest in Schlumberger Ltd's Fairchild Semiconductor Corp.,
+  the House Energy and Commerce subcommittee on Commerce voted to
+  expand Reagan's authority to block foreign takeovers of U.S.
+  companies.
+      Reagan would be able to block any takeover found to be
+  damaging to U.S. economic or national security interests.
+      "We are losing our semiconductors which are at the heart of
+  our national security," subcommittee chairman James Florio, a
+  New Jersey Democrat said.
+      The subcommittee also called for the administration to
+  consider retaliation against Japan for its restrictive
+  government procurement practices.
+      The retaliation could be triggered by a requirement that
+  the administration investigate whether U.S. companies were
+  treated unfairly and whether they have been barred from bids on
+  lucrative public works projects such as the eight billion dlr
+  Kansai airport construction. U.S. firms have complained they
+  were not allowed to bid on its construction.
+      At the urging of the U.S. recording industry, the
+  subcommittee agreed to bar imports of a new Japanese
+  product--digital audio recorders.
+      Meeting in closed session, the House Ways and Means
+  Committee agreed to allow President Reagan to retaliate against
+  foreign countries that refuse to open their markets to U.S.
+  telecommunications products.
+       Congressional aides said the committee also agreed U.S.
+  companies would be allowed to press for relief from imports of
+  counterfeit products made in violation of U.S. copyright and
+  patent laws.
+  
+
diff --git a/reuters/training/6927 b/reuters/training/6927
new file mode 100644
index 0000000000000000000000000000000000000000..378d09f53872b8dea9ea8820f37f0bdfe5dc9116
--- /dev/null
+++ b/reuters/training/6927
@@ -0,0 +1,39 @@
+CHILEAN COPPER WORKERS ELECT LEFT-WING LEADERS
+  Chilean left-wing leaders were
+  elected by the copper workers union for the first time since
+  the left-wing government of Salvador Allende was overthrown in
+  a 1973 coup.
+       Nicanor Araya, a member of the Popular Democratic Movement
+  (MDP), was named president of the Chilean Confederation of
+  Copperworkers (CTC), which groups 22,000 workers employed in
+  the state-owned copper mines, union officials said.
+      Other members of the MDP, which includes the communist
+  party and a faction of the socialist party, took five of the
+  principal positions on the union's directorate.
+      The state-owned copper company of Chile (CODELCO) produces
+  around 90 pct of the country's copper output of some one mln
+  tonnes per year. Chile is the world's leading copper exporter
+  and sales account for just under 50 pct of its export income.
+      The MDP won six out of the 14 places on the union's
+  directorate in elections earlier this month, with the christian
+  democratic party holding five and the remainder being won by
+  independents.
+      But the left-wing was left in control of the union after
+  the christian democrats and independents failed to reach
+  agreement on a joint candidate for the presidency and withdrew
+  from negotiations.
+      Union elections were called following the resignation of
+  former president Rodolfo Seguel last October.
+      Seguel, a christian democrat and Chile's best-known union
+  leader, said he was forced to step down after repeated court
+  actions brought by CODELCO prevented the union from operating.
+      The labour leader, who now heads the inter-union national
+  workers command (CNT), was among 500 workers sacked by CODELCO
+  following a strike in 1983.
+      The strike, the only copper industry stoppage staged in the
+  past 13 years, marked the start of a wave of protests against
+  the military rule of President Augusto Pinochet.
+       CODELCO argued that Seguel could not continue as union
+  leader when no longer employed by the company.
+  
+
diff --git a/reuters/training/6928 b/reuters/training/6928
new file mode 100644
index 0000000000000000000000000000000000000000..fec56a47fc9b41b8d286e92d9899af862be493e9
--- /dev/null
+++ b/reuters/training/6928
@@ -0,0 +1,45 @@
+GENCORP <GY> BIDDER PLANS SALE OF AEROSPACE UNIT
+  <General Partners>, controlled by
+  privately-held Wagner and Brown and by AFG Industries Inc, said
+  plans to sell GenCorp Inc's aerospace and soft drink bottling
+  divisions if it succeeds in acquiring the company.
+      In a filing with the Securities and Exchange Commission,
+  General Partners said proceeds from the sale of GenCorp's
+  aerospace division would help it repay some of the debt it
+  would incur in the 100 dlr a share cash tender offer.
+      General Partners, which launched the surprise tender offer
+  today, said it already 2,180,608 shares of GenCorp, or 9.4 pct
+  of the total outstanding common stock.
+      General Partners, which estimated the total cost of the
+  takeover at 2.5 billion dlrs, also said it plans to continue
+  GenCorp's policy of trying to settle Federal Communications
+  Commission charges against two of its television and 12 radio
+  station licenses.
+      It said it would also continue GenCorp's policy of trying
+  to sell its New York-area television station WOR to MCA Inc
+  <MCA> for 387 mln dlrs and its Los Angeles station KHJ to Walt
+  Disney Co <DIS> for 217 mln dlrs.
+      But General Partners said it plans to keep GenCorp's
+  headquarter in Akron, Ohio.
+      General Partners also said it would maintain GenCorp's
+  plastics and industrial products division as well as tires and
+  related products.
+      But it left open that it might make other changes in
+  GenCorp's operations after it completes the merger.
+      Besides using 250 mln dlrs of its own equity for the tender
+  offer, General Partners said it would seek one billion dlrs
+  under a secured margin facility from Wells Fargo Bank N.A.
+  and other banks. It also said it would seek 1.25 billion dlrs
+  from the sale to Shearson Lehman Brothers Holdings Inc or its
+  affiliates of senior subordinated promissory notes.
+      In a March 18 letter to GenCorp Chairman William Reynolds,
+  which was included in the SEC filing, General Partners
+  officials said they were "confident of our ability to promptly
+  obtain the remaining funding as described in our offer
+  materials."
+      "For this reason, we do not forsee any obstacles to a
+  prompt consummation of the transaction," General Partners said.
+      Shearson is dealer manager of the General Partners offer
+  for GenCorp.
+  
+
diff --git a/reuters/training/6929 b/reuters/training/6929
new file mode 100644
index 0000000000000000000000000000000000000000..31bd746cebe99e6dc3e31b75bbfcbf5c42c947ea
--- /dev/null
+++ b/reuters/training/6929
@@ -0,0 +1,13 @@
+MONSANTO <MTC> SAYS DEBT WAS CUT IN 1986
+  Mondanto Co said it has paid off
+  two-thirds of the debt from its 2.8 billion-dlr acquisition of
+  G.D. Searle and Co by the end of 1986.
+      This lowered the company's debt-to-capitalization ratio
+  from 45 pct at the end of 1985 to 35 pct, it said.
+      The company also said that chemical sales accounted for 52
+  pct of its sales in 1986, down from 70 pct in 1981. This
+  underscores its strategy of shifting away from low profit
+  commodity chemicals in mature markets into higher value
+  chemical businesses in high growth areas, it said.
+  
+
diff --git a/reuters/training/693 b/reuters/training/693
new file mode 100644
index 0000000000000000000000000000000000000000..18dcceec65987fa76fd92f8ab59570b16a184d95
--- /dev/null
+++ b/reuters/training/693
@@ -0,0 +1,7 @@
+FRANKLIN MASSACHUSETTS INSURED CUTS PAYOUT
+  Mthly div 6.5 cts vs 6.8 cts prior
+      Pay March 31
+      Record March 16
+      NOTE: Franklin Massachusetts Insured Tax-Free Income Fund.
+  
+
diff --git a/reuters/training/6930 b/reuters/training/6930
new file mode 100644
index 0000000000000000000000000000000000000000..ed1918caeb4c22b88c32dcdfbf84e48b80bf184b
--- /dev/null
+++ b/reuters/training/6930
@@ -0,0 +1,14 @@
+LIFESTYLE <LIF>, BOMBAY AMEND MERGER AGREEMENT
+  Lifestyle Restaurants Inc said it
+  reduced the number of Bombay Palace Restaurants inc common
+  shares to be received in its previously announced merger
+  agreement.
+      Under the amended deal, Lifestyle shareholders will get one
+  Bombay share for each six instead of five Lifestyle shares.
+  Under the amended offer, Bombay will issue about 900,000
+  shares, currently 7.2 mln dlrs.
+      The amendment also increases the cash consideration to be
+  offered on Lifestyle's 13 pct convertible subordinated
+  debentures from 55 pct of the principal amount to 57.5 pct.
+  
+
diff --git a/reuters/training/6931 b/reuters/training/6931
new file mode 100644
index 0000000000000000000000000000000000000000..1fc68496afd2792b28e5185772f1a3c224809193
--- /dev/null
+++ b/reuters/training/6931
@@ -0,0 +1,6 @@
+WEISFIELD'S INC <WEIS> QUARTERLY DIVIDEND
+  Qtly div 12-1/2 cts vs 12-1/2 cts
+      Pay April 23
+      Record April 2
+  
+
diff --git a/reuters/training/6934 b/reuters/training/6934
new file mode 100644
index 0000000000000000000000000000000000000000..09dd52a97a8324701fdf976e97b7f2c0c3d8c50d
--- /dev/null
+++ b/reuters/training/6934
@@ -0,0 +1,22 @@
+BOLIVIAN TIN MINERS START HUNGER STRIKE
+  About 9,000 miners employed by the
+  state corporation Comibol went on hunger strike to press for
+  higher wages, a miners union spokesman said.
+       Victor Lopez, executive secretary of the miners union,
+  told a news conference the strikers began to fast in the major
+  tin mining districts of oruro and potosi and the action would
+  spread tomorrow to la paz and other areas.
+       The government has charged that the strike by the miners
+  union, crippled by massive layoffs, is part of a left-wing
+  destabilisation plan to coincide with the visit of West German
+  president Richard von Weizsaecker, who arrives on a four-day
+  official tour on Friday.
+       But miners union chief Simon Reyes told reporters the
+  strike had nothing to do with subversion and was to press for
+  more government investment in Comibol.
+       The government of president Victor Paz Estenssoro has
+  streamlined the deficit-ridden state mining corporation laying
+  off about 20,000 miners, two-thirds of the workforce, following
+  a collapse of the international tin price in 1985.
+  
+
diff --git a/reuters/training/6935 b/reuters/training/6935
new file mode 100644
index 0000000000000000000000000000000000000000..dd97042019d41b15382f3858affc0457afaab08b
--- /dev/null
+++ b/reuters/training/6935
@@ -0,0 +1,25 @@
+CZARNIKOW EXPECTS LOWER EUROPEAN SUGAR OUTPUT
+  European sugar output on the basis of
+  three year average yields will be over half a mln tonnes white
+  value down on last year although yields do vary widely from
+  year to year, broker C Czarnikow said in its market review.
+      European Community sowings are likely to be down compared
+  with last year. There have been suggestions these sowings might
+  respond to the recent upsurge in world prices, but Czarnikow
+  said "it is not the sort of fact that easily becomes known."
+      The broker bases its forecasts on Licht planting estimates
+  which put W Germany, the Netherlands and USSR lower but
+  Hungary, Romania, Poland, Turkey and Yugoslavia higher.
+      Czarnikow's projections in mlns tonnes white value and
+  three differing yields include
+        '87/88  max      aver      min    1986/87
+   France       3.57     3.42     3.28       3.44
+   W Germany    3.08     2.88     2.64       3.19
+   EC          13.82    13.01    12.13      13.76
+   W Europe    17.71    16.45    14.98      16.71
+   Poland       2.02     1.80     1.13       1.74
+   USSR         8.65     7.60     5.71       8.05
+   E Europe    13.87    12.14     9.08      12.44
+   All Europe  31.58    28.58    24.06      29.15
+  
+
diff --git a/reuters/training/6939 b/reuters/training/6939
new file mode 100644
index 0000000000000000000000000000000000000000..c781f1b72299ee0529001fbff8d4ec70c2aa32e0
--- /dev/null
+++ b/reuters/training/6939
@@ -0,0 +1,17 @@
+CUBAN SUGAR OUTPUT SEEN AT 7.5 MLN TONNES
+  Cuban sugar output this season (1986/87)
+  is put at around 7.5 mln tonnes raw value by broker C.Czarnikow
+  in its monthly sugar market review.
+      Allowing for around 700,000 tonnes for the current year's
+  domestic usage it would leave around 6.8 mln tonnes for export
+  of which, Czarnikow estimates, about 3.7 mln tonnes will be
+  taken by the USSR, 1.530 mln by other socialist countries and
+  the remainder for delivery to non-socialist bloc destinations.
+      Czarnikow also estimated USSR 1986/87 production at 8.75
+  mln tonnes raw value which when added to the 3.7 mln imports
+  from Cuba and set against its estimated domestic and export
+  needs of 14.2 mln tonnes will leave a gap of 1.75 mln tonnes to
+  be acquired from the world market. Soviet purchases to date may
+  not be far short of that quantity, Czarnikow said.
+  
+
diff --git a/reuters/training/694 b/reuters/training/694
new file mode 100644
index 0000000000000000000000000000000000000000..8b95282dc58f8c13e3928be610d5482ab1fbf1d7
--- /dev/null
+++ b/reuters/training/694
@@ -0,0 +1,5 @@
+U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS  SOYBEANS 20,349 WHEAT 14,070 CORN 21,989
+
+  U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS  SOYBEANS 20,349 WHEAT 14,070 CORN 21,989
+  
+
diff --git a/reuters/training/6941 b/reuters/training/6941
new file mode 100644
index 0000000000000000000000000000000000000000..c1a47888363bbf47c7c2d373c253f7bf1af3e2be
--- /dev/null
+++ b/reuters/training/6941
@@ -0,0 +1,31 @@
+U.S. CARGO PREFERENCE FUNDING ACCORD SEEN NEAR
+  The U.S. Departments of Agriculture
+  and Transportation are close to agreement on how to fund the
+  increasing share of food aid to be shipped on U.S. flag vessels
+  under a 1985 farm bill provision on cargo preference.
+      Melvin Sims, USDA's general sales manager told a House
+  Agriculture Appropriations subcommittee hearing that the two
+  departments are negotiating a "memorandum of understanding" on
+  cargo preference.
+      Under a 1985 farm bill provision, the percentage of food
+  aid shipments carried on U.S. flag vessels was to gradually
+  increase over three years to 75 pct in 1988. The increased cost
+  of using U.S. vessels was to be funded by the Transportation
+  Department instead of USDA. However, USDA officials said
+  Transportation has so far contributed no money.
+      The agreement between USDA and Transportation is expected
+  to resolve the matter, USDA officials said.
+      Tom Kay, administrator of the USDA's Foreign Agricultural
+  Service said yesterday the requirement that more food aid
+  shipments be carried on U.S. vessels has been difficult to
+  meet.
+      "As the tonnage (required under cargo preference) goes up,
+  its going to be harder and harder to meet," Kay said.
+      Two farm state Congressmen, Pat Roberts (R-Kan.) and Glenn
+  English (D-Okla.) said cargo preference makes U.S. farm export
+  programs more costly and the program should be eliminated.
+      In the past, farm interests opposed to cargo preference
+  have been defeated in Congress by the maritime interests who
+  view cargo preference as vital to the U.S. shipping fleet.
+  
+
diff --git a/reuters/training/6942 b/reuters/training/6942
new file mode 100644
index 0000000000000000000000000000000000000000..750d12b48d9fea3e2d05f01b7669dbfa2f88ba61
--- /dev/null
+++ b/reuters/training/6942
@@ -0,0 +1,5 @@
+AUSTRALIAN FOURTH QTR GDP RISES 1.1 PCT, AFTER 0.2 PCT THIRD QTR RISE - OFFICIAL.
+
+  AUSTRALIAN FOURTH QTR GDP RISES 1.1 PCT, AFTER 0.2 PCT THIRD QTR RISE - OFFICIAL.
+  
+
diff --git a/reuters/training/6943 b/reuters/training/6943
new file mode 100644
index 0000000000000000000000000000000000000000..6ae7148e0959561f112f51a37b7bf4fc39b290da
--- /dev/null
+++ b/reuters/training/6943
@@ -0,0 +1,31 @@
+AUSTRALIAN GDP RISES 1.1 PCT IN FOURTH QUARTER
+  Australia's seasonally adjusted real
+  gross domestic product (GDP) rose 1.1 pct in the fourth quarter
+  of 1986 after rising 0.2 pct in the third quarter, the
+  Statistics Bureau said.
+      This compares with a 1.1 pct fall in the fourth quarter of
+  1985.
+      Compared with the year-earlier quarter, GDP also rose 1.1
+  pct, the Bureau figures show.
+      The annual rise compares with a 0.3 pct fall in the third
+  quarter compared with the 1985 third quarter and a 4.3 pct rise
+  in the year-earlier period, the Bureau figures show.
+      Real non-farm gross product rose 0.9 pct in the fourth
+  quarter after zero growth in the third quarter and a 1.3 pct
+  fall a year earlier, making an annual rise of 0.8 pct.
+      Gross farm product rose 4.3 pct compared with rises of 2.6
+  pct in the third quarter and 2.8 pct a year earlier, making
+  annual growth of 6.6 pct.
+      Elements in the fourth quarter GDP rise included falls of
+  0.6 pct and 0.2 pct in private and government final consumption
+  expenditure respectively, the Bureau figures show.
+      Gross fixed capital expenditure fell 0.1 pct in the quarter
+  while exports of goods and services rose 13.0 pct and imports
+  2.9 pct.
+      Seasonally-adjusted expenditure on GDP at average 1979/80
+  prices rose to 36.67 billion dlrs in the fourth quarter from
+  36.26 billion in both the third quarter and the year-earlier
+  quarter.
+      The figures are subject to revision over a long period.
+  
+
diff --git a/reuters/training/6944 b/reuters/training/6944
new file mode 100644
index 0000000000000000000000000000000000000000..7536930ccd074945006c55b8c1687cd4568f1366
--- /dev/null
+++ b/reuters/training/6944
@@ -0,0 +1,24 @@
+NIPPON LIFE SEEKING TIE WITH U.S. SECURITIES HOUSE
+  <Nippon Life Insurance Co> is pursing a
+  possible link with an American securities house to expand its
+  overseas investment portfolio, a company spokesman said.
+      But he declined to comment on rumours the company would
+  take a 10 pct stake in <Shearson Lehman Brothers>, an
+  investment banking unit of American Express Co <AXP>.
+      He said the firm started to sound out several U.S.
+  Investment banks on capital participation about 18 months ago
+  and was narrowing the number of prospects, but he did not say
+  if it had set its sights on one firm.
+      Nippon Life, Japan's largest life insurer, also plans to
+  set up a wholly owned investment unit, <Nissei International
+  America>, in New York next month and subsidiaries in Canada,
+  Singapore, the Cayman Islands and Jersey this year, he said.
+      These moves are in line with its long-term strategy to put
+  more emphasis on overseas investment management as
+  opportunities at home are declining while the company's assets
+  are growing.
+      The company is especially attracted by the scale and depth
+  of U.S. Money and credit markets and wants to establish a firm
+  foothold there, the spokesman added.
+  
+
diff --git a/reuters/training/6945 b/reuters/training/6945
new file mode 100644
index 0000000000000000000000000000000000000000..411e01e9b134d2665e5f797cc13d76a52a8999b1
--- /dev/null
+++ b/reuters/training/6945
@@ -0,0 +1,24 @@
+FORMER N.Z. PREMIER CALLS FOR CHEAPER CURRENCY
+  Former Prime Minister Robert
+  Muldoon, an outspoken advocate of a managed float for the N.Z.
+  Dollar, said the currency is at least 10 pct overvalued.
+      Muldoon said in a speech last night the exchange rate
+  should be around 48 U.S. Cents instead of the current 57 cents.
+      "A reasonable value for the New Zealand dollar would be
+  between 10 and 15 pct less and nearer 15 than 10. Perhaps
+  around about 48 cents," he said.
+      The Labour Party government removed exchange controls and
+  floated the dollar two years ago when it was worth 44 cents.
+      Muldoon has no rank in the opposition National Party, and
+  party leaders, with an eye to general elections to be held by
+  September, have rejected his calls for a managed float.
+      He said the dollar was high because of "grossly excessive"
+  interest rates for government stock.
+      "I know of no other country which is implementing such a
+  free floating policy," he added. "There is widespread agreement
+  internationally that we have no alternative to floating
+  currencies in the short to medium term. But we need more
+  effective methods of managing them so as to limit the
+  volatility which has caused so much concern and damage."
+  
+
diff --git a/reuters/training/6946 b/reuters/training/6946
new file mode 100644
index 0000000000000000000000000000000000000000..d27a014a353fa250beee3f1b30486ae01e8d29d6
--- /dev/null
+++ b/reuters/training/6946
@@ -0,0 +1,14 @@
+TAIWAN SETS 1987 CANADIAN WHEAT IMPORT TARGET
+  The Taiwan Flour Mills Association will
+  import 81,000 tonnes of wheat from Canada in calendar 1987,
+  unchanged from the 1986 level, an association spokesman told
+  Reuters.
+      He said the total will be delivered in three shipments. The
+  first will be shipped to Taiwan between March 20 and April 20
+  and the other two will be made later this year, he said.
+      The total wheat import target this year has been set at
+  700,000 tonnes, down from actual imports of 758,770 last year.
+      Most of Taiwan's wheat imports come from the U.S., The
+  spokesman said.
+  
+
diff --git a/reuters/training/695 b/reuters/training/695
new file mode 100644
index 0000000000000000000000000000000000000000..08859cc422114f197f23df536f0383026060ef38
--- /dev/null
+++ b/reuters/training/695
@@ -0,0 +1,7 @@
+FRANKLIN CALIFORNIA TAX-FREE SETS PAYOUT
+  Mthly div 6.5 cts vs 6.5 cts prior
+      Pay March 31
+      Record March 16
+      NOTE: Franklin California Insured Tax-Free Income Fund.
+  
+
diff --git a/reuters/training/6951 b/reuters/training/6951
new file mode 100644
index 0000000000000000000000000000000000000000..8813f89c31383f1699fd6ff4d1eb88ce4183a9e2
--- /dev/null
+++ b/reuters/training/6951
@@ -0,0 +1,9 @@
+NEW ZEALAND UNEMPLOYMENT FALLS IN FEBRUARY
+  New Zealand's unemployment rate fell
+  to 6.0 pct of the workforce at the end of February from 6.1 pct
+  in January but was above the 4.3 pct level of February 1986,
+  the labour department said.
+      It said the number of unemployed fell to 78,711 from 81,558
+  in January, and compared with 57,103 in February 1986.
+  
+
diff --git a/reuters/training/6952 b/reuters/training/6952
new file mode 100644
index 0000000000000000000000000000000000000000..32f4bd04d24b607dadfcc095891ee1bae080e531
--- /dev/null
+++ b/reuters/training/6952
@@ -0,0 +1,14 @@
+JAPAN MARCH INTERIM TRADE SURPLUS FALLS
+  Japan's customs-cleared trade surplus
+  fell to 1.89 billion dlrs in the first 10 days of March from a
+  1.91 billion surplus a year earlier, the Ministry of Finance
+  said.
+       The March interim surplus compared with a 1.70 billion dlr
+  surplus in the same February period.
+       FOB exports in the first 10 days of March rose 5.8 pct
+  from a year earlier to 5.50 billion dlrs and CIF imports rose
+  9.7 pct to 3.61 billion.
+       The average yen/dollar rate used for the statistics was
+  153.67 yen against 181.23 a year earlier.
+  
+
diff --git a/reuters/training/6953 b/reuters/training/6953
new file mode 100644
index 0000000000000000000000000000000000000000..f00be6a63399628b3c5815590ea854efff7037b4
--- /dev/null
+++ b/reuters/training/6953
@@ -0,0 +1,12 @@
+MITSUI AND CO BUYS STAKE IN IMATRON
+  A Mitsui and Co <MITS.T> spokesman said
+  its subsidiary <Mitsui and Co USA Inc> bought two mln dlrs of
+  newly-issued shares in <Imatron Inc>, an unlisted
+  California-based medical equipment manufacturer.
+      Mitsui and Co USA is now Imatron's fifth-largest
+  shareholder with 3.1 pct of the firm's outstanding shares.
+  Imatron is capitalised at 32.76 mln dlrs, the spokesman said.
+      Mitsui and Co intends to import Imatron's computerised
+  diagnostic equipment into Japan, he said.
+  
+
diff --git a/reuters/training/6954 b/reuters/training/6954
new file mode 100644
index 0000000000000000000000000000000000000000..98f156b7ca2e5004f8d3b9c47da3c08d265b86e0
--- /dev/null
+++ b/reuters/training/6954
@@ -0,0 +1,25 @@
+INDONESIA SEES LIMITED CHOICES ON ECONOMY
+  Indonesia cannot spend its way out of
+  recession and has very limited economic options due to lower
+  world oil prices, Central Bank governor Arifin Siregar was
+  quoted as saying by the official Antara news agency.
+      "If Indonesia spurs its economic growth too much, such as
+  through expansionary monetary and budgetary policies, it might
+  create negative effects not only on price increases, but also
+  on the balance of payments," he told bankers and businessmen in
+  the North Sumatran city of Medan.
+      Antara quoted him as saying Indonesia is relying on its
+  export drive to help narrow its trade deficit.
+      Antara reported that Siregar said the government wanted to
+  help boost exports from the rubber and palm oil industries,
+  which are centered in Sumatra.
+      "I see Sumatra has great potential, as in the plantation
+  sector in which family units are employed in great number," he
+  said, according to the agency.
+      Indonesia relied on oil and gas exports for 70 pct of its
+  export revenue until last year's fall in crude prices.
+      It has projected its current account deficit will widen to
+  over four billion dlrs in the current financial year ending
+  March 31 from 1.8 billion in 1985/86.
+  
+
diff --git a/reuters/training/6955 b/reuters/training/6955
new file mode 100644
index 0000000000000000000000000000000000000000..6549cefc93424804759e9b5c30fccbbeded8a8c2
--- /dev/null
+++ b/reuters/training/6955
@@ -0,0 +1,12 @@
+NEW ZEALAND RETAIL SALES SLOW IN JANUARY
+  Seasonally adjusted retail sales
+  rose by 0.1 pct in January, compared with increases of 5.7 pct
+  in December and 1.0 pct a year earlier, the Statistics
+  Department said.
+      It said in a statement actual retail sales fell to 1.87
+  billion N.Z. Dlrs in January against 2.42 billion a month
+  earlier and compared with 1.78 billion in January 1986.
+      Year-on-year retail sales rose 5.3 pct compared with a 9.6
+  pct increase in the year-earlier period.
+  
+
diff --git a/reuters/training/6957 b/reuters/training/6957
new file mode 100644
index 0000000000000000000000000000000000000000..b00327e5ec9cde754e204a462828e8094cb9801b
--- /dev/null
+++ b/reuters/training/6957
@@ -0,0 +1,18 @@
+SOME 7,000 SOUTH AFRICAN MINERS RETURN TO WORK
+  Some 7,000 black workers returned
+  to work after staging one-day strikes at two mines on Monday,
+  the National Union of Mineworkers and the companies that own
+  the mines said.
+      About 6,000 miners resumed work at the Grootvlei gold mine
+  east of Johannesburg after protesting the transfer of
+  colleagues to other jobs at the same mine, owners General
+  Mining Union Corp Ltd <GENM.J> said.
+      The union said about 1,000 mineworkers at a new coal
+  facility owned by Anglo American Corp of South Africa Ltd
+  <ANGL.J> also returned to their jobs on Tuesday.
+      The workers at Anglo's Vaal Colliery south of Johannesburg
+  had struck to protest the alleged refusal of officials of the
+  South African homeland of Transkei to allow miners to attend a
+  funeral in the homeland, a union spokesman said.
+  
+
diff --git a/reuters/training/6959 b/reuters/training/6959
new file mode 100644
index 0000000000000000000000000000000000000000..fcfa515d536e65c8cdad2e428586fc17b45846d9
--- /dev/null
+++ b/reuters/training/6959
@@ -0,0 +1,40 @@
+AUSTRALIAN EXPORTS HELPING TO BOOST GDP
+  The strong contribution of exports to
+  the growth in Australia's gross domestic product (GDP) in the
+  fourth quarter of 1986 was a significant and welcome feature of
+  the data, private economists polled by Reuters said.
+      Real GDP rose 1.1 pct in the fourth quarter of 1986, after
+  rising 0.2 pct in the third quarter and falling 1.1 pct a year
+  earlier.
+      Equally significant was the decline in both private and
+  government spending, they said.
+      Exports of goods and services rose 13 pct in the fourth
+  quarter, while imports rose only 2.9 pct, Statistics Bureau
+  figures show. Consumer spending declined 0.6 pct and government
+  spending by 0.2.
+      Bob Edgar of the Australia and New Zealand Banking Group
+  Ltd said the government's aim of reducing the current account
+  deficit by boosting exports and lowering consumption to cut
+  imports appeared to be working.
+      However, he cautioned that care must be taken to keep
+  growth restrained because if it accelerated too fast imports
+  would increase and worsen the balance of payments.
+      Andre Morony of Bankers Trust Australia Ltd added the
+  result was positive because growth was export-driven.
+      But he said the GDP rise came as no surprise given the
+  growth in exports disclosed in other statistics.
+      The economists' comments were echoed by Treasurer Paul
+  Keating in a statement issued in Canberra.
+      Keating said the figures showed encouraging trends for a
+  reduction in the current account deficit, notably the decline
+  in domestic demand and the strong increase in exports.
+      A further 3.5 pct fall in the terms of trade in the quarter
+  underscored the need to continue restraint in wages, prices and
+  public sector spending and borrowing to improve Australia's
+  competitiveness, he said.
+      "It is clear that through the continued application of that
+  strategy Australia will make the necessary adjustments in its
+  external accounts and return to a more sustainable growth
+  pattern," he added.
+  
+
diff --git a/reuters/training/696 b/reuters/training/696
new file mode 100644
index 0000000000000000000000000000000000000000..72573ca92f9371670b5e816038b75973ec48e5ae
--- /dev/null
+++ b/reuters/training/696
@@ -0,0 +1,25 @@
+DIAGNOSTIC PRODUCTS <DPCZ> SEES EARNINGS GROWTH
+  Diagnostic Products Corp president and
+  chief executive officer Sigi Ziering said he expects to
+  maintain the same compound average annal net income growth in
+  1987 as the company has for the past five years.
+      "We expect the same performance in net income over the next
+  five years as we have had in the past," Ziering said.
+      Over the past five years Ziering said the company has had
+  average compound net income growth of 32 pct annually with a 27
+  pct per year growth in earnings per share. For 1986 the company
+  had net income of 6.3 mln dlrs, or 1.07 dlrs per share, vs 3.9
+  mln dlrs, or 73 cts per share in 1985.
+      Diagnostic manufactures medical immunological diagnostic
+  test kits.
+      Ziering said he expects the earnings growth to result from
+  positive effect of the weaker dollar on the company's exports
+  sales as well as accelerated market penetration. Ziering said
+  he expected the Food and Drug Administration to approve three
+  more of its drug abuse test kits by the end of the year, which,
+  depending on approval, should also help earnings growth.
+      Ziering said as a result of the new tax laws he expected
+  the company's taxes to decrease by five pct to 31 pct of net
+  income in 1987.
+  
+
diff --git a/reuters/training/6960 b/reuters/training/6960
new file mode 100644
index 0000000000000000000000000000000000000000..80fbdffde11a688321352dcd6b8e5e3b61dff3fb
--- /dev/null
+++ b/reuters/training/6960
@@ -0,0 +1,12 @@
+AUSTRALIAN WHEAT BOARD RENEWS JAPAN SUPPLY PACT
+  The Australian Wheat Board (AWB)
+  expects to sell about 900,000 tonnes of wheat to the Japanese
+  Food Agency this year after renewing its annual supply
+  agreement, AWB general manager Ron Paice said.
+      Under the agreement, the AWB makes the wheat available and
+  sells into the Food Agency's regular tenders, he said in a
+  statement.
+      He noted that the Board has sold more than three mln tonnes
+  to Japan in the past three years.
+  
+
diff --git a/reuters/training/6961 b/reuters/training/6961
new file mode 100644
index 0000000000000000000000000000000000000000..9cf1e252efa2eb7eb11ebef78e5cb92f0759170a
--- /dev/null
+++ b/reuters/training/6961
@@ -0,0 +1,20 @@
+SANWA BANK ACQUIRES SMALL STAKE IN PORTUGUESE BANK
+  Sanwa Bank Ltd <ANWA.T> has agreed to buy
+  a two pct stake in Oporto-based <Banco Portugues de Investmento
+  Sarl> (BPI), Portugal's largest merchant bank, a Sanwa official
+  said.
+      Sanwa will purchase the shares from International Finance
+  Corp, a BPI shareholder and sister organisation of the World
+  Bank, for 351 mln yen, he said.
+      The acquisition will be completed this month as both the
+  Japanese and Portuguse governments are expected to give
+  permission soon.  This is the first time a Japanese bank has
+  bought a stake in a Portuguese bank.
+      Sanwa plans to increase its stake in BPI to four pct, the
+  ceiling for foreign shareholders, the official said.
+      The bank has also agreed with <Banco Portugues do
+  Atlantico>, a state-owned merchant bank in Oporto, to exchange
+  information on customers and help accelerate Japanese
+  investment and technological transfers to Portugal, he said.
+  
+
diff --git a/reuters/training/6964 b/reuters/training/6964
new file mode 100644
index 0000000000000000000000000000000000000000..dbdcf401ed7ce311ee2a6a6509d4190e1c3f60af
--- /dev/null
+++ b/reuters/training/6964
@@ -0,0 +1,14 @@
+INDIA TRADE DEFICIT FALLS
+  India's trade deficit is
+  provisionally estimated at 58.34 billion rupees in the first 10
+  months of fiscal 1986/87 ending March, compared with 70.62
+  billion in the year ago period, the Commerce Ministry said.
+   Exports rose in the latest period to 100.75 billion rupees
+  from the a year earlier 86.09 billion and imports to 159.09
+  billion from 156.71 billion in the period, the figures show.
+      The trade deficit for all of 1986/87 is provisionally
+  estimated at around 70 billion rupees from an estimated record
+  87.47 billion in 1985/86 and actual 53.18 billion in 1984/85,
+  Commerce Minister P. Shiv Shanker told reporters last month .
+  
+
diff --git a/reuters/training/6965 b/reuters/training/6965
new file mode 100644
index 0000000000000000000000000000000000000000..bcb25ec9aaf734cf3c90478ecc32ac3f23c4c328
--- /dev/null
+++ b/reuters/training/6965
@@ -0,0 +1,19 @@
+SWEDEN REVISES DOWN JANUARY'S INFLATION FIGURE
+  Sweden's rate of inflation during
+  January has been revised downwards after a fault was made in
+  calculating the figures, the Central Bureau of Statistics said.
+      The January rise in consumer prices was 1.0 pct instead of
+  the previously announced 1.3 pct, the bureau said, without
+  explaining how the error arose.
+      Consumer prices in February rose 0.3 pct compared with 0.1
+  pct in February last year, the bureau said. The total inflation
+  rate so far this year is therefore 1.3 pct, allowing for
+  January's revised figures, it added.
+      Year-on-year inflation rose to 3.4 pct in February, against
+  a revised 3.2 pct in January and a year-on-year rate of 5.3 pct
+  in February 1986, the bureau said.
+      The slowdown in price rises was mainly due to a government
+  imposed price freeze which came into force on February 4, the
+  bureau added.
+  
+
diff --git a/reuters/training/6968 b/reuters/training/6968
new file mode 100644
index 0000000000000000000000000000000000000000..dc94e5f88016a6a763b1d61aea2217ca993f656e
--- /dev/null
+++ b/reuters/training/6968
@@ -0,0 +1,20 @@
+TAIWAN STEEL FIRM SEES LOWER EXPORTS, MORE OUTPUT
+  State-owned <China Steel Corp> said its
+  steel exports will drop to some 600,000 tonnes in the year
+  ending June 30, 1987 from more than 810,000 in 1985/86.
+      Production by the company, Taiwan's largest steel maker, is
+  expected to rise to 3.33 mln tonnes from 3.27 mln, a spokesman
+  told Reuters.
+      He attributed the export decline to the rise in the Taiwan
+  dollar, which has eroded the competitiveness of the company's
+  products against those from South Korea.
+      The spokesman said the company is undergoing an expansion
+  project which calls for a boost in production to 5.65 mln
+  tonnes a year from the current level. The project, costing 52.3
+  billion Taiwan dlrs, will be completed by April 1988, two
+  months ahead of the targetted date, he said.
+      The spokesman said the company exports its products to
+  Japan, Southeast Asia, Hong Kong, the U.S., The Middle East and
+  Africa.
+  
+
diff --git a/reuters/training/6969 b/reuters/training/6969
new file mode 100644
index 0000000000000000000000000000000000000000..769ff0629b35a71d3a93338343ce0d59d5a7896d
--- /dev/null
+++ b/reuters/training/6969
@@ -0,0 +1,5 @@
+ SWISSAIR 1986 NET 64.5 MLN SWISS FRANC VS 68.5 MLN, DIV 33 FRANCS VS 38
+
+   SWISSAIR 1986 NET 64.5 MLN SWISS FRANC VS 68.5 MLN, DIV 33 FRANCS VS 38
+  
+
diff --git a/reuters/training/697 b/reuters/training/697
new file mode 100644
index 0000000000000000000000000000000000000000..571754148a4f2b8e57b72a5c7aa4c623e3730ded
--- /dev/null
+++ b/reuters/training/697
@@ -0,0 +1,14 @@
+CURRENCIES COULD INFLUENCE BULLION AGAIN-MONTAGU
+  Currency fluctuations may reassert their
+  influence on the bullion market in the near future, bullion
+  bankers Samuel Montagu and Co Ltd said in a market report.
+      But the firm said silver may lag behind gold in any
+  reactions to movements on foreign exchanges.
+      "OPEC's failure to address the recent decline in oil prices
+  remains a worrying factor however, and on balance it appears
+  that the market should be approached cautiously," Montagu said.
+      The bank said the US economy has shown no noticeable
+  long-term improvement and that both Latin American debt and the
+  Iranian arms affair could undermine confidence in the dollar.
+  
+
diff --git a/reuters/training/6970 b/reuters/training/6970
new file mode 100644
index 0000000000000000000000000000000000000000..e4219a569d77deacb1edcdea4ff96eca4c669347
--- /dev/null
+++ b/reuters/training/6970
@@ -0,0 +1,41 @@
+PHILIPPINES' LIQUIDITY RISES, LOAN DEMAND FALLS
+  Liquidity in the Philippines rose in
+  December while loan demand and short-term lending rates fell,
+  the Central Bank said.
+      A bank official said M-3 rose 9.72 pct to a provisional
+  149.80 billion pesos at the end of December from a month
+  earlier for a year-on-year gain of 12.72 pct.
+      She said short-term bank lending rates fell to an
+  annualised 13.88 pct at the end of December, from 14.58 pct a
+  month earlier and 19.82 pct at the end of December 1985.
+      Poor loan demand was illustrated by a rise in commercial
+  bank reserves, the official said.
+      The bank official said commercial bank reserves were 22.19
+  billion pesos at the end of December, when reserves required
+  were 21.59 billion.
+      She said the surplus of 597 mln pesos, compared with a
+  deficit of 390 mln pesos a month earlier and a deficit of 1.64
+  billion at the end of 1985, reflected political uncertainty in
+  the last quarter of 1986.
+      Reserve money, the total available to monetary authorities,
+  was a provisional 52.58 billion pesos at the end of 1986. This
+  was 5.19 pct up from 49.98 billion at the end of November and
+  41.85 pct up from 37.09 billion in December 1985.
+      The bank official noted M-3, which includes M-1 money
+  supply, plus savings, time deposits and deposit substitutes.
+  Was 132.88 billion pesos at the end of December 1985.
+      M-1 money supply rose a provisional 17.3 pct to 42.86
+  billion pesos at the end of December 1986 from 36.52 billion a
+  month earlier. The year-on-year rise was 19.64 pct, up from
+  35.83 billion at the end of December 1985.
+      The bank official said the broader M-2 measure, which
+  measures notes and coins in circulation plus savings and time
+  deposits, rose a provisional 9.7 pct to 140.88 billion pesos at
+  the end of December from 128.41 billion a month earlier. It
+  rose 13.35 pct from 124.27 billion at the end of December 1985.
+      She said deposits with the commercial banking system rose
+  to just over 118 billion pesos at the end of December from
+  107.89 billion at the end of 1985 and 92.83 billion at the end
+  of 1984.
+  
+
diff --git a/reuters/training/6972 b/reuters/training/6972
new file mode 100644
index 0000000000000000000000000000000000000000..1227c5f8d917ee7091a4430f2a1dae9049cd719f
--- /dev/null
+++ b/reuters/training/6972
@@ -0,0 +1,6 @@
+SWISSAIR <SWSZ.Z> YEAR 1986
+  Net 64.5 mln Swiss francs vs 68.5 mln
+      Div 33 francs per share vs 38
+      Turnover 4.03 billion vs 4.35 billion.
+  
+
diff --git a/reuters/training/6975 b/reuters/training/6975
new file mode 100644
index 0000000000000000000000000000000000000000..8037bc043276c05024b84b6da091cb032402ae78
--- /dev/null
+++ b/reuters/training/6975
@@ -0,0 +1,10 @@
+FINNISH WHOLESALE PRICES RISE 0.2 PCT IN FEBRUARY
+  Finnish wholesale prices rose 0.2 pct
+  in February after a rise of one pct in January and a drop of
+  1.2 pct in February 1986, the Central Statistical Office said.
+      Year-on-year wholesale prices fell 1.9 pct in February
+  after drops of 3.3 pct in January and 1.8 pct in February 1986.
+      The wholesale price index, base 1980, was 136.5 in
+  February, 136.3 in January and 139.2 in February last year.
+  
+
diff --git a/reuters/training/6976 b/reuters/training/6976
new file mode 100644
index 0000000000000000000000000000000000000000..2504fbb955139bbbccb513c56e80b62cac495ad8
--- /dev/null
+++ b/reuters/training/6976
@@ -0,0 +1,17 @@
+CHINA, TAIWAN TRADE VIA HONG KONG FELL IN 1986
+  The value of trade between China and
+  Taiwan via Hong Kong fell 13 pct to 7.45 billion H.K. Dlrs in
+  1986 from 8.59 billion dlrs in 1985, Hong Kong's Census and
+  Statistics Department said.
+      Taiwan's exports to China through Hong Kong fell to 6.33
+  billion dlrs last year from 7.69 billion in 1985, while China's
+  exports rose to 1.12 billion dlrs from 904 mln dlrs.
+      Economists in Hong Kong told Reuters that China's controls
+  on scarce foreign currency hurt its imports of Taiwanese
+  consumer goods, such as electric fans and television sets.
+      Herbal medicine and textiles were among China's chief
+  exports to Taiwan.
+      Taiwan does not allow direct trade with China and indirect
+  trade is routed mainly through Hong Kong.
+  
+
diff --git a/reuters/training/698 b/reuters/training/698
new file mode 100644
index 0000000000000000000000000000000000000000..73b2d06a5c8e45a9483f9103e954f45b6a92a083
--- /dev/null
+++ b/reuters/training/698
@@ -0,0 +1,6 @@
+DUNKIN' DONUTS INC <DUNK> 1ST QTR JAN 24 NET
+  Shr 46 cts vs 42 cts
+      Net 3,418,000 vs 3,129,000
+      Revs 24.7 mln vs 26.2 mln
+  
+
diff --git a/reuters/training/6981 b/reuters/training/6981
new file mode 100644
index 0000000000000000000000000000000000000000..aa35b0513902ec33fd954154480b075aaf532db4
--- /dev/null
+++ b/reuters/training/6981
@@ -0,0 +1,12 @@
+U.K. MONEY MARKET DEFICIT FORECAST AT 450 MLN STG
+  The Bank of England said it forecast a
+  shortage of around 450 mln stg in the money market today.
+      Among the main factors affecting liquidity, bills maturing
+  in official hands and the take-up of treasury bills will drain
+  some 650 mln stg while a rise in note circulation will take out
+  around 30 mln stg.
+      Partly offsetting these outflows, bankers' balances above
+  target and exchequer transactions will add some 200 mln stg and
+  35 mln stg to the system respectively.
+  
+
diff --git a/reuters/training/6982 b/reuters/training/6982
new file mode 100644
index 0000000000000000000000000000000000000000..889ae28c31d4e4ef99fa17216f0cc8278fb3549a
--- /dev/null
+++ b/reuters/training/6982
@@ -0,0 +1,10 @@
+BRAZILIAN MONTHLY INFLATION DIPS SLIGHTLY
+  Brazilian consumer prices rose
+  13.9 pct in February, compared with January's record rate of
+  16.8 pct, the Brazilian Geography and Statistics Institute
+  (IBGE) said in a statement.
+      The February rise brought the increase in consumer prices
+  since the introduction of the anti-inflation Cruzado Plan a
+  year ago to 62.5 pct.
+  
+
diff --git a/reuters/training/6983 b/reuters/training/6983
new file mode 100644
index 0000000000000000000000000000000000000000..f75c15f01c6fa12391e3f4663e407d629b96e505
--- /dev/null
+++ b/reuters/training/6983
@@ -0,0 +1,5 @@
+ German net currency reserves fall 5.4 billion marks to 81.7 billion - Bundesbank
+
+   German net currency reserves fall 5.4 billion marks to 81.7 billion - Bundesbank
+  
+
diff --git a/reuters/training/6985 b/reuters/training/6985
new file mode 100644
index 0000000000000000000000000000000000000000..adde2799439fd8dc774c49860f375a7a2ec5c889
--- /dev/null
+++ b/reuters/training/6985
@@ -0,0 +1,23 @@
+NORTH KOREA TO RESURRECT GOLD MINE TO REPAY DEBT
+  Pyongyang and a group of Tokyo-based
+  North Korean businessmen plan to resurrect a North Korean
+  goldmine and boost annual output to almost one tonne within two
+  years from 600 pounds at present, said Li Sangsu, a spokesman
+  for <Unzan Mine Development Co>, the venture partner.
+      Work will begin on April 3 and the company aims to increase
+  output to 10 tonnes within a decade to pay off Pyongyang's 70
+  billion yen debt to 30 Japanese companies, Li added.
+      "We expect this mine to be worth about 2,000 billion yen in
+  gold deposits," he said.
+      The mine, started in 1896 by a U.S. Company, is one of six
+  or seven virtually untapped mines in the Unzan area, 94 miles
+  north of Pyongyang, Li said.
+      Li said modern equipment and advanced technology would
+  increase yields. "Up to now, the mining was done with antiquated
+  methods and basic equipment."
+      The gold mine scheme is the latest in a series of moves by
+  North Korea to clear its debts to Japanese creditors.
+      Earlier this year, Pyongyang tried and failed to pay off
+  part of its debt with several tonnes of fish.
+  
+
diff --git a/reuters/training/6986 b/reuters/training/6986
new file mode 100644
index 0000000000000000000000000000000000000000..95af46c1b31b8fc7c299dde53297c717be22bfea
--- /dev/null
+++ b/reuters/training/6986
@@ -0,0 +1,5 @@
+Legal and General Group 1986 pre-tax profit 83.2 mln stg vs 31.5 mln.
+
+  Legal and General Group 1986 pre-tax profit 83.2 mln stg vs 31.5 mln.
+  
+
diff --git a/reuters/training/699 b/reuters/training/699
new file mode 100644
index 0000000000000000000000000000000000000000..18cb7a7aa9267f37a6cad6263fa7e7707d2b1fb0
--- /dev/null
+++ b/reuters/training/699
@@ -0,0 +1,6 @@
+CCR VIDEO CORP <CCCR> 1ST QTR NOV 30 NET
+  Shr profit two cts vs loss 12 cts
+      Net profit 156,726 vs loss 776,000
+      Revs 1,157,883 vs 890,138
+  
+
diff --git a/reuters/training/6993 b/reuters/training/6993
new file mode 100644
index 0000000000000000000000000000000000000000..c154a484350896da4fc68556b69964684cea37f4
--- /dev/null
+++ b/reuters/training/6993
@@ -0,0 +1,9 @@
+CARGILL U.K. STRIKE TALKS TO RESUME TUESDAY
+  Three consecutive days of talks between
+  management and unions aimed at ending the three month old
+  strike at Cargill U.K. Ltd's oilseed processing plant at
+  Seaforth, ended yesterday without resolving the situation,
+  although some progress was made, a company spokesman said.
+      Fresh talks have been scheduled for next Tuesday, he said.
+  
+
diff --git a/reuters/training/6994 b/reuters/training/6994
new file mode 100644
index 0000000000000000000000000000000000000000..7e2e76c3e85317f8e1b0b8b31d8ca39776ac4a9e
--- /dev/null
+++ b/reuters/training/6994
@@ -0,0 +1,23 @@
+EC FARM LOBBIES BACK OILS AND FATS "TAX" PLAN
+  The European Community (EC) farmers'
+  and farm cooperatives lobbies, Copa and Cogeca, have backed the
+  EC Commission plan for an oils and fats price stabilisation
+  mechanism, claiming it would not harm consumers.
+      In a letter to Belgian Foreign Minister Leo Tindemans,
+  current president of the EC Council of Ministers, they said the
+  mechanism, often referred to as a tax, would in fact subsidise
+  oils and fats prices in the EC under some circumstances.
+      This would have been the case in May 1984, when soya oil
+  prices cif Rotterdam stood at 914 dlrs a tonne, they noted.
+      If such price stabilisation is not implemented, EC farmers
+  should not be the ones to suffer through their prices and
+  incomes from the financial consequences, the letter, made
+  available to journalists, said.
+      Under the Commission proposal the mechanism would initially
+  result in a tax of 330 Ecus a tonne on both imported and EC
+  produced oils and marine fats.
+      The mechanism would provide for this tax to be reduced, and
+  possibly to become a subsidy, as world soya oil prices rose
+  from present levels.
+  
+
diff --git a/reuters/training/6995 b/reuters/training/6995
new file mode 100644
index 0000000000000000000000000000000000000000..ab00d9e95ba32529e8e1e4e30e8e530ae93e04f5
--- /dev/null
+++ b/reuters/training/6995
@@ -0,0 +1,13 @@
+OECD EUROPE ZINC STOCKS RISE IN JANUARY
+  Producers zinc stocks in Organization
+  for Economic Co-operation and Development (OECD) European
+  countries rose to 159,732 tonnes in January from 151,171 in
+  December and 127,725 in January 1986, latest International Lead
+  and Zinc Study Group (ILZSG) figures show. Other figures were -
+                        JAN'87  DEC'86   JAN'86
+   Refined production   155,980 164,243 166,968
+   Refined deliveries   131,910 122,364 136,727
+   Mine output (metal
+   content)              77,120 70,560  81,356
+  
+
diff --git a/reuters/training/6996 b/reuters/training/6996
new file mode 100644
index 0000000000000000000000000000000000000000..bc78b9f94d380f8040e61bf029099449509af91e
--- /dev/null
+++ b/reuters/training/6996
@@ -0,0 +1,85 @@
+ECONOMIC SPOTLIGHT - SAUDI ARABIA RESHAPES ECONOMY
+  Higher world oil prices, coupled with a
+  new realism ushered in by austerity, could lift Saudi Arabia's
+  economy after five years of falling revenue and growing budget
+  deficits, bankers and diplomats said.
+      The months ahead will prove critical as the government
+  attempts a balancing act between defending higher oil prices
+  and fostering recovery through a bigger role for the private
+  sector.
+      Economists said oil earnings could recover this year to
+  about 20 billion dlrs and nominal gross domestic product could
+  grow by about three pct, the first rise since 1982.
+      But the economists said this will be possible only if the
+  Organisation of Petroleum Exporting Countries (OPEC) succeeds
+  in defending world oil prices and if Saudi Arabia is not forced
+  to curtail output for too long.
+      Saudi Arabia is now keeping production down to defend
+  OPEC's newly-established 18 dlr a barrel benchmark price.
+      Oil Minister Hisham Nazer told Reuters output is running at
+  about three mln barrels per day (bpd), well down on Saudi
+  Arabia's OPEC quota of 4.13 mln set for the first half of 1987.
+      King Fahd has stamped his personal authority on OPEC's
+  new-found determination to defend prices in a move Western
+  diplomats believe underlines the kingdom's need to secure a
+  stable source of income for its economy.
+      Saudi Arabia, still the world's largest oil exporter, is a
+  hugely wealthy country. But the past five years of declining
+  revenue have taken their toll. Economists estimate gross
+  domestic product fell 10 pct last year and 8.6 pct in 1985.
+      Oil revenue last year, when prices briefly dipped below 10
+  dlrs per barrel, probably totalled no more than 17.5 billion
+  dlrs, compared to a peak 101.8 billion in 1981.
+      "Austerity is still the watchword, but Saudi Arabia will not
+  be allowed to dip further into recession ... The Saudis can
+  afford to draw down reserves temporarily to offset the worst
+  effects," a diplomat said.
+      In the short-term, the kingdom can lessen the impact of
+  lower oil revenues and a gaping budget deficit by drawing on
+  foreign reserves, still put at around 100 billion dlrs.
+      But such a policy cannot be pursued indefinitely. Bankers
+  and diplomats said it would amount to fiscal recklessness in
+  the longer term.
+      It also increases the dominance of the public sector at a
+  time when the government is publicly urging private enterprise
+  to take over the lead role in the economy.
+      Bankers and diplomats said the government is well aware of
+  the risks attached to this policy but is determined to "tough it
+  out" on the oil front even if that means a short-term depletion
+  of reserves.
+      The 1987 budget deficit is targetted at a huge 52.7 billion
+  riyals or 31 pct of total outlay. The budget explicitly
+  recognises the need to draw down reserves while foreign
+  borrowing has been ruled out.
+      Commerce Minister Suleiman Abdulaziz al-Salim told Saudi
+  businessmen this week the government had carefully considered
+  the need to stimulate the economy when drawing up its budget
+  plans late last year.
+      "It therefore took the bold step of withdrawing more than 50
+  billion riyals from its reserves and pumping it into the
+  economy," he said.
+      Reserves were built up during the late 1970's and early
+  1980's when Saudi Arabia's breakneck pace of construction and
+  tales of high spending became legendary.
+      The shrinking economy has wrought huge changes in the
+  fabric of the Kingdom's private sector where poor management
+  had gone unpunished in the easy days of the oil boom.
+      Modern techniques of cost control have been introduced,
+  markets expanded and outsized labour forces and inventories cut
+  back. The expatriate workforce has fallen sharply.
+      The number of new bankruptcies appears to be declining but
+  Saudi banks, hit hard by non-performing loans to the corporate
+  sector, have become highly selective in extending new credit.
+      Government moves to encourage lending and investigate
+  company complaints about late public sector contract payments
+  could boost confidence but recession has slowed the nation's
+  industrialisation program and discouraged foreign investment.
+      Private wealth is still very high and banks report more and
+  more cash being placed on deposit.
+      As Saudi Arabia attempts to shift the weight of economic
+  development from the public to the private sector, one of the
+  biggest tasks will be to convince businessmen to channel
+  personal savings into industrial projects within the kingdom
+  and refrain from the temptation to invest abroad.
+  
+
diff --git a/reuters/training/6998 b/reuters/training/6998
new file mode 100644
index 0000000000000000000000000000000000000000..d59159057a133af881c5c0c23b003c537e75dfe5
--- /dev/null
+++ b/reuters/training/6998
@@ -0,0 +1,32 @@
+EC SUGAR TENDER SEEN AS CONCESSION TO PRODUCERS
+  The rebate granted at yesterday's EC
+  sugar tender represents some concession to producers'
+  complaints that they are losing money on exports outside the
+  bloc, EC Commission officials said.
+      The maximum rebate of 44.819 European currency units (Ecus)
+  per 100 kilos was 1.3 Ecus below what producers say is needed
+  to obtain the equivalent price to that offered for sales into
+  intervention.
+      The rebate at last week's tender was 2.5 Ecus per 100 kilos
+  short of the level producers said was needed, the officials
+  said.
+      The officials said the Commission is not negotiating with
+  producers who have offered a total of 854,000 tonnes of sugar
+  for sale into intervention in an apparent attempt to persuade
+  it to offer higher rebates.
+      They said the French and German producers involved are now
+  unable to withdraw this offer before April 1 when the sugar
+  will officially enter intervention stores.
+      Payment for it is due five weeks later, and it will be open
+  to them to withdraw their offers at any time between April 1
+  and the official payment date when the Commission officially
+  takes ownership of the sugar, the officials said.
+      The officials said if the Commission has to buy the sugar,
+  it is determined to immediately resell it, a move which would
+  drive down market prices further.
+      They expressed some hope that the operators would not
+  eventually go through with their plan for intervention sales.
+      "We think they realise they have gone too far," one official
+  said.
+  
+
diff --git a/reuters/training/6999 b/reuters/training/6999
new file mode 100644
index 0000000000000000000000000000000000000000..0dc8a6f1d4cdb43515d952e0eb1416bd8c380987
--- /dev/null
+++ b/reuters/training/6999
@@ -0,0 +1,16 @@
+JOHN FAIRFAX LTD <FFXA.S> FIRST HALF
+  26 weeks ended Dec 28
+      Net shr 25.9 cents vs 28.2
+      Int div 5.5 cents vs 5.0
+      Pre-tax 48.30 mln dlrs vs 44.29 mln
+      Net 25.94 mln vs 25.35 mln
+      Turnover 453.28 mln vs 407.35 mln
+      Other income 4.48 mln vs 3.18 mln
+      Shrs 100 mln vs 90 mln.
+      NOTE - Div pay May 8. Reg April 14.
+      Net is after tax 22.09 mln dlrs vs 18.60 mln, interest
+  11.60 mln vs 13.92 mln, depreciation 8.52 mln vs 7.06 mln and
+  minorities 267,000 vs 346,000 but before net extraordinary
+  profit 89.32 rpt 89.32 mln dlrs vs nil.
+  
+
diff --git a/reuters/training/700 b/reuters/training/700
new file mode 100644
index 0000000000000000000000000000000000000000..3ff5098662f4d7955cf834922305496a8f18d3b0
--- /dev/null
+++ b/reuters/training/700
@@ -0,0 +1,7 @@
+FRANKLIN PUERTO RICO TAX-FREE SETS PAYOUT
+  Mthly div 7.1 cts vs 7.1 cts prior
+      Pay March 31
+      Record March 16
+      NOTE: Franklin Puerto Rico Tax-Free Income Fund.
+  
+
diff --git a/reuters/training/7000 b/reuters/training/7000
new file mode 100644
index 0000000000000000000000000000000000000000..ec7c44aad3c4215462422f6550f8a3a18e68a454
--- /dev/null
+++ b/reuters/training/7000
@@ -0,0 +1,5 @@
+Britoil Plc 1986 pre-tax profit 134 mln stg vs 759 mln.
+
+  Britoil Plc 1986 pre-tax profit 134 mln stg vs 759 mln.
+  
+
diff --git a/reuters/training/7001 b/reuters/training/7001
new file mode 100644
index 0000000000000000000000000000000000000000..02c669cff33d4240c9a36584d41d19113d9dfb86
--- /dev/null
+++ b/reuters/training/7001
@@ -0,0 +1,36 @@
+FAIRFAX SAYS HIGHER TAX HITS FIRST HALF EARNINGS
+  Media group John Fairfax Ltd <FFXA.S>
+  said that its flat first half net profit partly reflected the
+  impact of changes in the Australian tax system.
+      Fairfax earlier reported net earnings edged up 2.3 pct to
+  25.94 mln dlrs in the 26 weeks ended December 28 from 25.35 mln
+  a year earlier although pre-tax profit rose 9.1 pct to 48.30
+  mln from 44.29 mln.
+      Net would have risen 10.1 pct but for the increase in
+  company tax to 49 pct from 46 and the imposition of the tax on
+  fringe benefits, paid by employers and not the recipients, the
+  company said in a statement.
+      Fairfax also pointed to the cyclical downturn in revenue
+  growth in the television industry as another reason for the
+  flat first half earnings.
+      It said it considered the result satisfactory in view of
+  these factors.
+      Fairfax said its flagship dailies, The Sydney Morning
+  Herald and the Melbourne Age, boosted advertising volume, as
+  did the Australian Financial Review, and posted extremely
+  satisfactory performances. Magazines also performed strongly.
+      But an 8.9 pct rise in television costs outweighed a 4.0
+  pct rise in revenue, it said.
+      Fairfax said a fall in net interest also contributed to net
+  earnings because group borrowings were reduced following the
+  receipt of a 96.11 mln dlr capital dividend from <Australian
+  Associated Press Pty Ltd> (AAP) after the sale of AAP's "B"
+  shares in Reuters Holdings Plc <RTRS.L>.
+      This accounted for the 89.32 mln dlr extraordinary profit.
+      Fairfax said it is too early to predict results for the
+  full year. Increased borrowings after the recent 320 mln dlr
+  acquisition of the HSV-Seven television station in Melbourne
+  will hit earnings but networking with the Channel Sevens in
+  Sydney and Brisbane will produce some offsetting cost savings.
+  
+
diff --git a/reuters/training/7003 b/reuters/training/7003
new file mode 100644
index 0000000000000000000000000000000000000000..f1baf24114ee59a5d0e648601e37a0a5c7c3c47a
--- /dev/null
+++ b/reuters/training/7003
@@ -0,0 +1,19 @@
+BRITOIL PLC <BTOL.L> 1986 YR
+  Shr 6.56p vs 50.31p
+      Final div 6p, making 8p vs 13p.
+      Pre-tax profit 134 mln stg vs 759 mln.
+      Net profit 33 mln vs 253 mln.
+      Turnover 978 mln stg vs 1.80 billion.
+      Extraordinary debit 50 mln vs nil.
+      Operating profit 149 mln stg vs 756 mln.
+      Exceptional debit on rationalisation programme 12 mln vs
+  nil
+      Petroleum Revenue Taxes 77 mln vs 319 mln,
+      U.K. Corporation tax and overseas tax 24 mln vs 187 mln,
+      Note - The net effect of accounting changes in 1986 was to
+  reduce after tax profits by 47 mln stg. Retained earnings for
+  prior years were increased by 209 mln.
+      Extraordinary debit of 50 mln stg related to the decision
+  to seek a buyer for the company's U.S. Assets.
+  
+
diff --git a/reuters/training/7004 b/reuters/training/7004
new file mode 100644
index 0000000000000000000000000000000000000000..1d637cce62c61ae20c32fe7c789c4f1c7d191caa
--- /dev/null
+++ b/reuters/training/7004
@@ -0,0 +1,3 @@
+19-MAR-1987
+  19-MAR-1987
+
diff --git a/reuters/training/7005 b/reuters/training/7005
new file mode 100644
index 0000000000000000000000000000000000000000..c0bfcd86e13ec3cb0d85085993eb8a884a5c4e42
--- /dev/null
+++ b/reuters/training/7005
@@ -0,0 +1,5 @@
+UK UNIT WAGE/LABOUR COSTS ROSE 3.3 PCT IN THREE MONTHS ENDING JAN - OFFICIAL
+
+  UK UNIT WAGE/LABOUR COSTS ROSE 3.3 PCT IN THREE MONTHS ENDING JAN - OFFICIAL
+  
+
diff --git a/reuters/training/7006 b/reuters/training/7006
new file mode 100644
index 0000000000000000000000000000000000000000..e20d817c129b7f430ea532df31a5c423516ed1db
--- /dev/null
+++ b/reuters/training/7006
@@ -0,0 +1,5 @@
+UK AVERAGE EARNINGS ROSE 7.6 PCT IN JANUARY, UNDERLYING RISE 7.5 PCT - OFFICIAL
+
+  UK AVERAGE EARNINGS ROSE 7.6 PCT IN JANUARY, UNDERLYING RISE 7.5 PCT - OFFICIAL
+  
+
diff --git a/reuters/training/7007 b/reuters/training/7007
new file mode 100644
index 0000000000000000000000000000000000000000..f9e97ae0d9e183ac666309d5f910c5b4a93bf772
--- /dev/null
+++ b/reuters/training/7007
@@ -0,0 +1,5 @@
+U.K. FEBRUARY ADJUSTED STERLING M3 RISES 2-1/4 PCT, M0 DOWN 3/4 TO ONE PCT - OFFICIAL
+
+  U.K. FEBRUARY ADJUSTED STERLING M3 RISES 2-1/4 PCT, M0 DOWN 3/4 TO ONE PCT - OFFICIAL
+  
+
diff --git a/reuters/training/7008 b/reuters/training/7008
new file mode 100644
index 0000000000000000000000000000000000000000..34d8650edbffbd527e39cc0053b4f32b685684b9
--- /dev/null
+++ b/reuters/training/7008
@@ -0,0 +1,17 @@
+LEGAL AND GENERAL GROUP PLC YEAR 1986
+  Shr 14.58p vs 7.86p
+      Div 6.5p making 9.75p, an increase of 19.4 pct
+      Pretax profit 83.2 mln stg vs 31.5 mln
+      Net after tax 68.6 mln stg vs 37.7 mln
+      Pretax profit 83.2 mln stg vs 31.5
+  mln, consists of -
+      Long term business 45.9 mln stg vs 43.8 mln
+      U.S. Long term business 6.2 mln vs 8.9 mln
+      Fund management 4.7 mln vs 6.5 mln
+      Short term business 4.7 mln vs loss 29.0 mln
+      Associate companies 0.9 mln vs 0.8 mln
+      Shareholders other income and outgoings 0.4 mln debit vs
+  0.5 mln credit
+      Exceptional long-term business profit 21.4 mln vs nil
+  
+
diff --git a/reuters/training/7009 b/reuters/training/7009
new file mode 100644
index 0000000000000000000000000000000000000000..d4a2c9fd87c1db3c472b7104bb7561469bb7d9a5
--- /dev/null
+++ b/reuters/training/7009
@@ -0,0 +1,5 @@
+FEB STERLING BANK LENDING UP 2.9 BILLION STG AFTER 1.75 RISE IN JAN - OFFICIAL
+
+  FEB STERLING BANK LENDING UP 2.9 BILLION STG AFTER 1.75 RISE IN JAN - OFFICIAL
+  
+
diff --git a/reuters/training/701 b/reuters/training/701
new file mode 100644
index 0000000000000000000000000000000000000000..865e61ee322ae376a9e2e7efbb69b0c5f30b5ad7
--- /dev/null
+++ b/reuters/training/701
@@ -0,0 +1,7 @@
+FRANKLIN OHIO INSURED TAX-FREE SETS PAYOUT
+  Mthly div 6.1 cts vs 6.1 cts prior
+      Pay March 31
+      Record March 16
+      NOTE: Franklin Ohio Insured Tax-Free Income Fund.
+  
+
diff --git a/reuters/training/7010 b/reuters/training/7010
new file mode 100644
index 0000000000000000000000000000000000000000..eb740c800699c5619f17868c10ffe3ed01f6ec6b
--- /dev/null
+++ b/reuters/training/7010
@@ -0,0 +1,5 @@
+UK FEB ADJUSTED UNEMPLOYMENT FELL 44,100 TOTAL 3.07 MLN OR 11.1 PCT - OFFICIAL
+
+  UK FEB ADJUSTED UNEMPLOYMENT FELL 44,100 TOTAL 3.07 MLN OR 11.1 PCT - OFFICIAL
+  
+
diff --git a/reuters/training/7011 b/reuters/training/7011
new file mode 100644
index 0000000000000000000000000000000000000000..89d1ef5cd71fbde17b51d26c393f835919ba4d49
--- /dev/null
+++ b/reuters/training/7011
@@ -0,0 +1,33 @@
+JAPAN TO ASK CHIP MAKERS TO SLASH OUTPUT FURTHER
+  The Ministry of International Trade and
+  Industry will ask Japanese computer microchip makers to further
+  slash output in the second quarter in an effort to save its
+  semiconductor pact with the United States, MITI officials said.
+      The United States has accused Japan of reneging on the
+  semiconductor pact by failing to stop the flow of cut-price
+  Japanese chips to Asian markets. Washington has threatened to
+  take retaliatory action after April 1.
+      The pact, agreed last year, calls on Japan to stop selling
+  cut-price chips in world markets and to increase its imports of
+  American chips to reduce some of its huge trade surplus.
+      MITI, anxious to salvage the bilateral agreement, has been
+  pressing chip makers to limit production in the hope that will
+  boost domestic chip prices and reduce the incentive to export.
+      Last month, the ministry asked Japanese chip makers to
+  reduce first quarter output by 10 pct. To meet that request,
+  they had to slash production by 20 pct over the final six weeks
+  of the first quarter.
+      If that reduced production level were maintained through to
+  the end of June, second quarter output would come in 10 pct
+  below that of the first three months of the year.
+      MITI officials, who declined to be identified, said the
+  ministry has not yet decided on the extent of the second
+  quarter cutback.
+      One said that Japanese chip makers are losing ground in
+  Asia to South Korean and U.S. Competition just as markets there
+  are picking up.
+      MITI has been criticized privately by some Japanese
+  semiconductor makers for what they see as heavy-handed attempts
+  to ensure the success of the Japan/U.S. Chip pact.
+  
+
diff --git a/reuters/training/7012 b/reuters/training/7012
new file mode 100644
index 0000000000000000000000000000000000000000..eea5547588190640d051b048bc8569b5b8bc3b1a
--- /dev/null
+++ b/reuters/training/7012
@@ -0,0 +1,28 @@
+U.K. CLEARING BANK LENDING RISES 1.6 BILLION STG
+  Clearing bank sterling lending to the
+  U.K. Private sector in February is estimated to have risen by
+  an underlying, seasonally-adjusted 1.6 billion stg after a 1.2
+  billion stg rise in January, the Banking Information Service
+  said.
+      The unadjusted rise was 1.31 billion stg, compared with an
+  813 mln stg increase in January.
+      The Banking Information Service said the adjusted rise of
+  1.6 billion stg was well above the recent monthly average of
+  about 1.0 billion stg.
+      Of the increase, 297 mln stg was accounted for by personal
+  lending, which the Banking Information Service said was taken
+  up entirely by lending for home purchases.
+      Lending for consumption fell around 17 mln stg while about
+  182 mln stg of credit card debt was repaid during the month.
+      Lending to the manufacturing industry was up 370 mln stg,
+  and to leasing companies by 308 mln stg.
+      The Banking Information Service said February fell within
+  the governmemnt tax season, so much of the lending was probably
+  the result of industry's need to pay its tax bills.
+      Deposits by the private sector rose an unadjusted 1.1
+  billion stg in February and by a seasonally-adjusted 1.75
+  billion stg.
+      Deposits from the public sector rose 185 mln stg in
+  February while deposits from overseas residents rose by 43 mln.
+  
+
diff --git a/reuters/training/7013 b/reuters/training/7013
new file mode 100644
index 0000000000000000000000000000000000000000..3090138529b7251b08196e16c6c6d878fbe61a90
--- /dev/null
+++ b/reuters/training/7013
@@ -0,0 +1,24 @@
+U.K. UNEMPLOYMENT FALLS IN FEBRUARY
+  Unemployment in the U.K. Fell a
+  provisional seasonally-adjusted 44,100 in February, to total
+  3.07 mln or 11.1 pct of the workforce, the Employment
+  Department said.
+      In January, seasonally adjusted unemployment fell by a
+  revised 1,100 to 11.3 pct, it said. Initially the January
+  position was reported as flat.
+      The unadjusted jobless total, including school leavers,
+  fell to 3.23 mln, or 11.7 pct, from 3.30 mln, 11.9 pct, in
+  January.
+      February was the seventh successive month that seasonally
+  adjusted unemployment registered a fall.
+      It was at a peak of 11.7 pct last summer.
+      Lord Young, the Employment Minister, said there appeared
+  little doubt the monthly fall, which has been running at about
+  20,000, will continue.
+      A Department spokesman said the sharp fall in February
+  reflected some compensation for the flat figure in January and
+  continued the downward trend seen in the past six months.
+      He said the February fall was spread throughout the country
+  and among men and women.
+  
+
diff --git a/reuters/training/7014 b/reuters/training/7014
new file mode 100644
index 0000000000000000000000000000000000000000..0773d93ce7e42fb56467195a2338b369ad829a6f
--- /dev/null
+++ b/reuters/training/7014
@@ -0,0 +1,44 @@
+STERLING M3 UP 2-1/4 PCT IN FEBRUARY, M0 DOWN
+  The main measure of U.K. Broad money,
+  sterling M3, grew a provisional, seasonally adjusted 2-1/4 pct
+  in February after a rise of 1.1 pct in January, the Bank of
+  England said.
+      The narrow measure, M0, fell a provisional adjusted 3/4 to
+  one pct after a 0.6 pct drop in January, the Bank said.
+      Unadjusted annual growth in sterling M3 was 18-3/4 to 19
+  pct in the 12 months to February against 17.6 pct in January
+  while M0 rose four to 4-1/4 pct after a 5.2 pct rise in
+  January.
+      Seasonally adjusted, sterling bank lending grew 2.9 billion
+  stg after a January rise of 1.75 billion.
+      Of the unadjusted counterparts to sterling M3, bank lending
+  to the private sector expanded 2.6 billion stg after a 1.4
+  billion rise in January, the Bank said.
+      The public sector borrowing requirement (PSBR) contracted
+  by 300 mln stg after a contraction of 3.7 billion stg in
+  January.
+      Funding - debt sales to the non-bank private sector and
+  external flows to the public sector - rose by 300 mln stg after
+  a 1.5 billion stg rise in January. Of this, central government
+  debt sales to the public sector were expansionary by 400 mln
+  stg after a 1.3 billion expansion in January, the Bank said.
+      Other unadjusted counterparts to sterling M3 expanded by
+  300 mln stg in February after an expansion of 1.3 billion stg
+  in January, the Bank said.
+      Unadjusted figures showed a rise in sterling M3 by 1-3/4 to
+  two pct in February after a drop of 0.8 pct in January.
+      On the same basis, the figures showed a drop of about 1-1/2
+  pct in MO in February after a sharp 6-1/2 pct fall in January.
+      The Bank said it would publish full, final figures on March
+  30.
+      The Bank said non-bank private sector holdings of public
+  sector debt fell by about 400 mln stg in February while
+  external flows to the public sector were about 100 mln stg.
+      Combined with a net PSBR repayment of about 300 mln stg,
+  the public sector contribution to the growth in sterling M3 was
+  therefore about flat, the Bank said.
+      It said seasonally adjusted bank lending, at about 2.9
+  billion stg in February, compared with an average of about 2.6
+  billion stg a month over the preceding six months.
+  
+
diff --git a/reuters/training/7015 b/reuters/training/7015
new file mode 100644
index 0000000000000000000000000000000000000000..ba3753992204f8979b798647547ed02bfc77f2a8
--- /dev/null
+++ b/reuters/training/7015
@@ -0,0 +1,25 @@
+U.K. EARNINGS RISE 7.6 PCT IN YEAR TO JANUARY
+  U.K. Average earnings rose a seasonally
+  adjusted 7.6 pct in the year to end-January after a 7.4 pct
+  rise in the year to December, the Department of Employment
+  said.
+      The underlying rise was 7.5 pct after 7.75 pct in December.
+      The January index, base 1980, was set at a provisional
+  seasonally adjusted 190.4, down from 193.4 in December.
+      The underlying rise, adjusted for factors such as back-pay
+  and timing variations, had been steady at 7.5 pct from October
+  1985 to October 1986.
+      Unit wage costs in U.K. Manufacturing industry rose 3.3 pct
+  in the three months to end January, on a year-on-year basis,
+  after a 3.1 pct rise in the three months to end December, the
+  Department of Employment said.
+      In January, the unit wage rise in manufacturing industries
+  was 3.6 pct, unchanged from the December rise.
+      The Department said the decline in the underlying rate of
+  rise in earnings reflected the reduced significance of bonus
+  payments in January compared with December.
+      The actual increase reflected teacher pay settlements and
+  industrial action in the transport and communications sectors
+  in January 1987.
+  
+
diff --git a/reuters/training/702 b/reuters/training/702
new file mode 100644
index 0000000000000000000000000000000000000000..db6ab92743dcd0b9627a0ca760a5c51ecab3d49b
--- /dev/null
+++ b/reuters/training/702
@@ -0,0 +1,7 @@
+FRANKLIN HIGH-YIELD TAX-FREE SETS PAYOUT
+  Mthly div 7.1 cts vs 7.1 cts prior
+      Pay March 31
+      Record March 16
+      NOTE: Franklin High-Yield Insured Tax-Free Income Fund.
+  
+
diff --git a/reuters/training/7020 b/reuters/training/7020
new file mode 100644
index 0000000000000000000000000000000000000000..1562572dd5c5c4cfc69db8949d8f9f98696eaf1f
--- /dev/null
+++ b/reuters/training/7020
@@ -0,0 +1,6 @@
+U.K. MONEY MARKET SHORTAGE FORECAST REVISED DOWN
+  The Bank of England said it revised down
+  its estimate of the deficit in the system today to 400 mln stg
+  from 450 mln.
+  
+
diff --git a/reuters/training/7023 b/reuters/training/7023
new file mode 100644
index 0000000000000000000000000000000000000000..b00327e5ec9cde754e204a462828e8094cb9801b
--- /dev/null
+++ b/reuters/training/7023
@@ -0,0 +1,18 @@
+SOME 7,000 SOUTH AFRICAN MINERS RETURN TO WORK
+  Some 7,000 black workers returned
+  to work after staging one-day strikes at two mines on Monday,
+  the National Union of Mineworkers and the companies that own
+  the mines said.
+      About 6,000 miners resumed work at the Grootvlei gold mine
+  east of Johannesburg after protesting the transfer of
+  colleagues to other jobs at the same mine, owners General
+  Mining Union Corp Ltd <GENM.J> said.
+      The union said about 1,000 mineworkers at a new coal
+  facility owned by Anglo American Corp of South Africa Ltd
+  <ANGL.J> also returned to their jobs on Tuesday.
+      The workers at Anglo's Vaal Colliery south of Johannesburg
+  had struck to protest the alleged refusal of officials of the
+  South African homeland of Transkei to allow miners to attend a
+  funeral in the homeland, a union spokesman said.
+  
+
diff --git a/reuters/training/7024 b/reuters/training/7024
new file mode 100644
index 0000000000000000000000000000000000000000..7536930ccd074945006c55b8c1687cd4568f1366
--- /dev/null
+++ b/reuters/training/7024
@@ -0,0 +1,24 @@
+NIPPON LIFE SEEKING TIE WITH U.S. SECURITIES HOUSE
+  <Nippon Life Insurance Co> is pursing a
+  possible link with an American securities house to expand its
+  overseas investment portfolio, a company spokesman said.
+      But he declined to comment on rumours the company would
+  take a 10 pct stake in <Shearson Lehman Brothers>, an
+  investment banking unit of American Express Co <AXP>.
+      He said the firm started to sound out several U.S.
+  Investment banks on capital participation about 18 months ago
+  and was narrowing the number of prospects, but he did not say
+  if it had set its sights on one firm.
+      Nippon Life, Japan's largest life insurer, also plans to
+  set up a wholly owned investment unit, <Nissei International
+  America>, in New York next month and subsidiaries in Canada,
+  Singapore, the Cayman Islands and Jersey this year, he said.
+      These moves are in line with its long-term strategy to put
+  more emphasis on overseas investment management as
+  opportunities at home are declining while the company's assets
+  are growing.
+      The company is especially attracted by the scale and depth
+  of U.S. Money and credit markets and wants to establish a firm
+  foothold there, the spokesman added.
+  
+
diff --git a/reuters/training/7027 b/reuters/training/7027
new file mode 100644
index 0000000000000000000000000000000000000000..a5943de34b0a10afe5887db7945d341ea8528d55
--- /dev/null
+++ b/reuters/training/7027
@@ -0,0 +1,12 @@
+U.K. MONEY MARKET GIVEN 181 MLN STG ASSISTANCE
+  The Bank of England said it provided the
+  money market with 181 mln stg in assistance this morning.
+      This compares with the Bank's revised shortage forecast of
+  around 400 mln stg.
+      The central bank purchased bank bills outright at the new
+  dealing rates established yesterday.
+      These comprised 65 mln stg in band one at 9-7/8 pct, 114
+  mln stg in band two at 9-13/16 pct and two mln stg in band
+  three at 9-3/4 pct.
+  
+
diff --git a/reuters/training/7029 b/reuters/training/7029
new file mode 100644
index 0000000000000000000000000000000000000000..8af796fb35706c6ae868b86b59899bdd29c40017
--- /dev/null
+++ b/reuters/training/7029
@@ -0,0 +1,32 @@
+PHILIPPINES' LIQUIDITY RISES, LOAN DEMAND FALLS
+  Liquidity in the Philippines rose in
+  December while loan demand and short-term lending rates fell,
+  the Central Bank said.
+      A bank official said M-3 rose 9.72 pct to a provisional
+  149.80 billion pesos at the end of December from a month
+  earlier for a year-on-year gain of 12.72 pct.
+      She said short-term bank lending rates fell to an
+  annualised 13.88 pct at the end of December, from 14.58 pct a
+  month earlier and 19.82 pct at the end of December 1985.
+      Poor loan demand was illustrated by a rise in commercial
+  bank reserves, the official said.
+      The bank official said commercial bank reserves were 22.19
+  billion pesos at the end of December, when reserves required
+  were 21.59 billion.
+      She said the surplus of 597 mln pesos, compared with a
+  deficit of 390 mln pesos a month earlier and a deficit of 1.64
+  billion at the end of 1985, reflected political uncertainty in
+  the last quarter of 1986.
+      Reserve money, the total available to monetary authorities,
+  was a provisional 52.58 billion pesos at the end of 1986. This
+  was 5.19 pct up from 49.98 billion at the end of November and
+  41.85 pct up from 37.09 billion in December 1985.
+      The bank official noted M-3, which includes M-1 money
+  supply, plus savings, time deposits and deposit substitutes.
+  Was 132.88 billion pesos at the end of December 1985.
+      M-1 money supply rose a provisional 17.3 pct to 42.86
+  billion pesos at the end of December 1986 from 36.52 billion a
+  month earlier. The year-on-year rise was 19.64 pct, up from
+  35.83 billion at the end of December 1985.
+  
+
diff --git a/reuters/training/703 b/reuters/training/703
new file mode 100644
index 0000000000000000000000000000000000000000..998c5157104e89163032ba8c9575d3fb435b33f1
--- /dev/null
+++ b/reuters/training/703
@@ -0,0 +1,11 @@
+CONVERGENT TECHNOLOGIES <CVGT> TO BUY OAKLEAF
+  Convergent Technologies Inc
+  said it has reached an agreement in principle to buy Oakleaf
+  Corp, which supplies finance, insurance and leasing computers
+  to auto dealers.
+      The transaction will involve an exchange of Oakleaf stock
+  for cash and debt and is subject to a definitive agreement, the
+  companys said. No other terms were disclosed.
+      Oakleaf had 1986 sales of about 26 mln dlrs.
+  
+
diff --git a/reuters/training/7030 b/reuters/training/7030
new file mode 100644
index 0000000000000000000000000000000000000000..9cf1e252efa2eb7eb11ebef78e5cb92f0759170a
--- /dev/null
+++ b/reuters/training/7030
@@ -0,0 +1,20 @@
+SANWA BANK ACQUIRES SMALL STAKE IN PORTUGUESE BANK
+  Sanwa Bank Ltd <ANWA.T> has agreed to buy
+  a two pct stake in Oporto-based <Banco Portugues de Investmento
+  Sarl> (BPI), Portugal's largest merchant bank, a Sanwa official
+  said.
+      Sanwa will purchase the shares from International Finance
+  Corp, a BPI shareholder and sister organisation of the World
+  Bank, for 351 mln yen, he said.
+      The acquisition will be completed this month as both the
+  Japanese and Portuguse governments are expected to give
+  permission soon.  This is the first time a Japanese bank has
+  bought a stake in a Portuguese bank.
+      Sanwa plans to increase its stake in BPI to four pct, the
+  ceiling for foreign shareholders, the official said.
+      The bank has also agreed with <Banco Portugues do
+  Atlantico>, a state-owned merchant bank in Oporto, to exchange
+  information on customers and help accelerate Japanese
+  investment and technological transfers to Portugal, he said.
+  
+
diff --git a/reuters/training/7031 b/reuters/training/7031
new file mode 100644
index 0000000000000000000000000000000000000000..0450285acb9878ffd1b34fb310f116f2e43d9da8
--- /dev/null
+++ b/reuters/training/7031
@@ -0,0 +1,8 @@
+BUNDESBANK LEAVES CREDIT POLICIES UNCHANGED
+  The Bundesbank left credit policies
+  unchanged after today's regular meeting of its council, a
+  spokesman said in answer to enquiries.
+      The West German discount rate remains at 3.0 pct, and the
+  Lombard emergency financing rate at 5.0 pct.
+  
+
diff --git a/reuters/training/7032 b/reuters/training/7032
new file mode 100644
index 0000000000000000000000000000000000000000..004a18e786e6657efd73d1d01c363b1b42a051ea
--- /dev/null
+++ b/reuters/training/7032
@@ -0,0 +1,35 @@
+NO FRENCH REFLATION, SOURCES CLOSE TO BALLADUR SAY
+  There is no question of stimulating
+  consumption or relying on a systematic budget deficit or other
+  reflationary policies to boost the French economy, sources
+  close to finance minister Edouard Balladur said.
+      Their comments followed remarks by prime minister Jacques
+  Chirac's spokesman Denis Baudouin, who said on Monday ministers
+  were agreed on the desirability of "relaunching" the economy.
+      This sparked speculation the government was preparing for a
+  reflationary U-turn, but the finance ministry immediately ruled
+  out any such move.
+      The sources today said the government's policy remained one
+  of "recovery," or sound finances and greater efficiency.
+      They said that while 8.6 billion of the 30 billion franc
+  revenues expected for 1987 from a sweeping privatisation
+  program will go to providing public companies with fresh
+  capital, 21.4 billion francs, or two-thirds, will go toward
+  paying off national debt.
+      Any further privatisation revenue this year above the 30
+  billion would be distributed between repayment of national
+  internal debt and public companies in similar proportions, they
+  added.
+      The sources said it was absurd to talk of reflation when
+  the country's internal debt, expected to grow by 10 pct this
+  year from 1,300 billion francs in 1986 was growing twice as
+  fast as gross domestic product.
+      Nominal GDP is expected to grow by roughly five pct this
+  year from 5,000 billion francs last year, broadly in line with
+  earlier forecasts. Real GDP will grow by up to 2.5 pct.
+      The sources said that with France's economic targets for
+  1987 roughly in line with its main trading partners, the
+  government had no intention of pushing the economy to grow at
+  an artificial pace out of step with neighbouring economies.
+  
+
diff --git a/reuters/training/7036 b/reuters/training/7036
new file mode 100644
index 0000000000000000000000000000000000000000..e8f144b2e206e57f726b54ad9a2c1ed97ea06b28
--- /dev/null
+++ b/reuters/training/7036
@@ -0,0 +1,42 @@
+U.S. CREDIT MARKET OUTLOOK - SPENDING, M-1
+  Brisk increases in personal income and
+  consumption are to appear in February data released today, but
+  the bond market's recent sluggishness suggests there will be no
+  major price reaction unless the rises are much larger than
+  expected, economists said.
+      Personal income is forecast to rise by 0.6 to 0.8 pct,
+  compared with no change in January, while consumption
+  expenditures are projected to increase 1.4 to 1.6 pct,
+  reversing most of the two pct drop recorded in January.
+      M-1 money supply data for the March 9 week will also be
+  released. An increase of some 2.3 billion dlrs is expected.    
+      Peter Greenbaum of Smith Barney, Harris Upham and Co Inc
+  expects a one pct rise in income, led by a strong gain in wage
+  and salary disbursements in February.
+      Nonfarm payrolls expanded by 337,000 jobs in February, the
+  average workweek lengthened by 0.6 pct and hourly wages rose by
+  four cts, he noted in a report. Vigorous spending on durable
+  goods last month, especially cars, foreshadow a rise of at
+  least 1.5 pct in consumption, he added.
+      The prospect of bearish data did not trouble the bond
+  market much yesterday, with the 30-year Treasury bond slipping
+  just 7/32 to 99-28/32 for a yield of 7.51 pct.
+      Analysts said the market is still trapped in a narrow
+  range, desperately seeking direction.
+      "Seasonally adjusted, it's already December in the bond
+  market," quipped Robert Brusca of Nikko Securities Co
+  International Inc.
+      Paul Boltz of T. Rowe Price Associates Inc said the
+  steadiness of long bond yields around 7.5 pct, despite some
+  signs of a stronger economy, probably reflects expectations
+  that inflation will remain subdued.
+      But he warned that this assumption might not be justified.
+      "It took the bond market a long while to see that inflation
+  was not returning to double digits, and now that it has learned
+  that lesson, it may be a little slow to see that a four to five
+  pct inflation is a real possibility ahead," Boltz said in a
+  report.
+      After trading late yesterday at 5-15/16 pct, Fed funds were
+  indicated by brokers to open comfortably at 5-15/16, six pct.
+  
+
diff --git a/reuters/training/7037 b/reuters/training/7037
new file mode 100644
index 0000000000000000000000000000000000000000..06d59b92937dd144599ffc3219c580c0ded3de9a
--- /dev/null
+++ b/reuters/training/7037
@@ -0,0 +1,33 @@
+U.S. DELEGATION HOPES FOR VEG OILS TAX DEFEAT
+  American soybean producers and processors
+  are hoping the proposed EC tax on vegetable oils and fats will
+  not be imposed, but say the U.S. Is prepared to retaliate if it
+  is introduced.
+      Wayne Bennett, the American Soybean Association's first
+  vice president, told a news conference the U.S. Administration
+  would not hesitate to retaliate, but both producers and
+  processors were trying to solve the issue through negotiation.
+      U.S. Secretary of Agriculture Richard Lyng said in a letter
+  to EC officials that U.S. Retaliatory measures would cover more
+  than agricultural products if the tax was imposed, Bennett
+  said.
+      The ASA and National Soybean Processors Association (NSPA)
+  delegations will meet top West German government officials
+  today and tomorrow to lobby for support.
+      Bennett said West Germany, Britain, the Netherlands,
+  Denmark and Portugal oppose the tax, but Italy and Belgium seem
+  to have taken a hardline view on the issue.
+      "Europeans in favour of the tax say it would be to their
+  advantage economically, but that is not correct because we
+  would hit back," NSPA chairman Jack Reed said.
+      This step would be very expensive for all and no one would
+  emerge as a winner if the tax were introduced, he said.
+      Reed pointed out the U.S. Administration and the soybean
+  industry view the EC proposal as violating the General
+  Agreement on Tariffs and Trade.
+      The proposed tax also violates the zero duty bindings
+  agreed between the EC and U.S. In 1962, he said.
+      Under the zero duty bindings pact U.S. Soybeans and
+  products can be exported to the Community duty-free.
+  
+
diff --git a/reuters/training/7039 b/reuters/training/7039
new file mode 100644
index 0000000000000000000000000000000000000000..406ff2df08bb807516806f56cfaad718b127c849
--- /dev/null
+++ b/reuters/training/7039
@@ -0,0 +1,5 @@
+AMERICAN EXPRESS SAYS IT'S HOLDING TALKS ON SALE OF SHEARSON STAKE TO NIPPON LIFE
+
+  AMERICAN EXPRESS SAYS IT'S HOLDING TALKS ON SALE OF SHEARSON STAKE TO NIPPON LIFE
+  
+
diff --git a/reuters/training/704 b/reuters/training/704
new file mode 100644
index 0000000000000000000000000000000000000000..ac2c664c7587513479488b268e71fa97284d38b6
--- /dev/null
+++ b/reuters/training/704
@@ -0,0 +1,35 @@
+NYMEX WILL EXPAND OFF-HOUR TRADING APRIL ONE
+  The New York Mercantile Exchange set
+  April one for the debut of a new procedure in the energy
+  complex that will increase the use of energy futures worldwide.
+       On April one, NYMEX will allow oil traders that do not
+  hold a futures position to initiate, after the exchange closes,
+  a transaction that can subsequently be hedged in the futures
+  market, according to an exchange spokeswoman.
+      "This will change the way oil is transacted in the real
+  world," said said Thomas McKiernan, McKiernan and Co chairman.
+      Foreign traders will be able to hedge trades against NYMEX
+  prices before the exchange opens and negotiate prices at a
+  differential to NYMEX prices, McKiernan explained.
+       The expanded program "will serve the industry because the
+  oil market does not close when NYMEX does," said Frank Capozza,
+  secretary of Century Resources Inc.
+       The rule change, which has already taken effect for
+  platinum futures on NYMEX, is expected to increase the open
+  interest and liquidity in U.S. energy futures, according to
+  traders and analysts.
+      Currently, at least one trader in this transaction, called
+  an exchange for physical or EFP, must hold a futures position
+  before entering into the transaction.
+      Under the new arrangement, neither party has to hold a
+  futures position before entering into an EFP and one or both
+  parties can offset their cash transaction with a futures
+  contract the next day, according to exchange officials.
+      When NYMEX announced its proposed rule change in December,
+  NYMEX President Rosemary McFadden, said, "Expansion of the EFP
+  provision will add to globalization of the energy markets by
+  providing for, in effect, 24-hour trading."
+      The Commodity Futures Trading Commission approved the rule
+  change in February, according to a CFTC spokeswoman.
+  
+
diff --git a/reuters/training/7041 b/reuters/training/7041
new file mode 100644
index 0000000000000000000000000000000000000000..2296824953b8c860b1f5effc0e90893478ace2b8
--- /dev/null
+++ b/reuters/training/7041
@@ -0,0 +1,27 @@
+AMERICAN EXPRESS <AXP> MAY SELL SHEARSON STAKE
+  American Express Co said it and its
+  Shearson Lehman Brothers Inc subsidiary have been holding talks
+  on the possible equity investment in Shearson Lehman by <Nippon
+  Life Insurance Co> of Japan.
+      The company said, "The discussions have led to a general
+  understanding by which Nippon Life would purchase a 13 pct
+  equity investment in Shearson Lehman for approximately 530 mln
+  dlrs and American Express, Shearson Lehman and Nippon Life
+  would explore mutually advantageous, nonexclusive business and
+  investment opportunities."
+      The company said a definitive agreement on the matter is
+  subject to a number of conditions, including approval of the
+  American Express board and the Japanese Ministry of Finance.
+      The company said its board is scheduled to meet March 27
+  for its regular monthly sessions.
+      American Express said it is continuing to evaluate various
+  courses of action of strategic importance to Shearson Lehman in
+  addition to the possible investment by Nippon Life.
+      It said the options range from expanding Shearson's
+  capacity to meet international competition, to broadening
+  further its access to capital.
+      The company also said, "All the courses of action under
+  study reflect the continuing integral role of Shearson Lehman
+  in American Express' worldwide financial services strategy."
+  
+
diff --git a/reuters/training/7043 b/reuters/training/7043
new file mode 100644
index 0000000000000000000000000000000000000000..9dd772e0f92b8090484cb98a251bfd582599bf7d
--- /dev/null
+++ b/reuters/training/7043
@@ -0,0 +1,43 @@
+S.AFRICA'S FINANCIAL RAND SEEN HEADED HIGHER
+  The financial rand, widely viewed
+  as a direct reflection of foreign investor confidence in South
+  Africa, appears headed above 30 U.S. Cents, dealers and bank
+  economists said.
+      The currency has risen about 25 pct in the past three
+  months to its current rate of 29.50 cents, due partly to signs
+  of a possible power shift with the appearance of a number of
+  independent candidates in the whites-only election on May 6,
+  they added.
+      It has risen about two cents this week alone.
+      "Another factor is that banks in London, where the main
+  market is based, are going long in the currency because of a
+  general feeling that it will rise in the future," one economist
+  said.
+      Dealers described 30 cents as a psychological barrier that
+  was expected to be broken soon after a brief consolidation
+  phase from recent gains.
+      After reaching 30 cents, "There is a chance of appreciation
+  to 32 cents in the next several weeks," one dealer said.
+      There was a widespread feeling that both the commercial
+  rand, holding stable at 48 cents, and the financial rand were
+  staying firm, banking sources said.
+      A Barclays National Bank executive who asked not to be
+  identified said: "The rise of the independents appears to be
+  indicative of a potential shift of power in the National Party
+  and has created a favourable sentiment overseas."
+      One dealer said growing business and investor interest from
+  West Germany and Switzerland were behind the financial rand's
+  rise.
+      Economists said foreigners also were being attracted by
+  South Africa's long-term government bonds and "semi-gilts" or
+  securities in partly government-owned firms, many with yields
+  as high as 30 pct. They could be purchased with financial rands
+  with interest paid in commercial rands.
+      "This has had a definite influence on the financial form of
+  the rand," a dealer said, adding that at present demand is
+  slightly in excess of supply.
+      The financial rand was reintroduced in September 1985 to
+  help end capital flight from South Africa during a period of
+  severe political unrest in the country.
+  
+
diff --git a/reuters/training/7045 b/reuters/training/7045
new file mode 100644
index 0000000000000000000000000000000000000000..5daef999a068948e69bbc66dff9efabbfb3eda3f
--- /dev/null
+++ b/reuters/training/7045
@@ -0,0 +1,13 @@
+<FI-TEK CORP> TO MAKE ACQUISITION
+  Fi-Tek Corp said it has signed a letter
+  of intent to acquire <Voice Systems and Services Inc> for an
+  undisclosed amount of stock.
+      It said on completion of the acquisition it would change
+  its name to Voice Systems and Services Inc.  It said VBoice
+  Systems has received a 3,600,000 dlr contract to provide FLP
+  Communications of Dallas with voicemail systems through service
+  bureaus located throughout the U.S. and has also contracted to
+  provide voicemail systems and administration to M and S
+  Communications.
+  
+
diff --git a/reuters/training/7046 b/reuters/training/7046
new file mode 100644
index 0000000000000000000000000000000000000000..d36a17c63a64db6d3603660cd563535b336481c5
--- /dev/null
+++ b/reuters/training/7046
@@ -0,0 +1,10 @@
+FIRST WISCONSIN <FWB> TO MAKE ACQUISITION
+  First Wisconsin Corp said it has
+  agreed to acquire North Shore Bancorp Inc of Northbrook, Ill.,
+  for 6,160,000 dlrs in cash, or slightly more than twice book
+  value, subject to approval by North Shore shareholders and
+  regulatory authorities.
+      The company said completion is expected in the third
+  quarter.
+  
+
diff --git a/reuters/training/7047 b/reuters/training/7047
new file mode 100644
index 0000000000000000000000000000000000000000..a3fc887c670fd061abc1b1ace6a302ef7d0a694d
--- /dev/null
+++ b/reuters/training/7047
@@ -0,0 +1,16 @@
+ITALY'S FEBRUARY PAYMENTS BALANCE IN SURPLUS
+  Italy's overall balance of payments showed
+  a surplus of 1,461 billion lire in February 1987 compared with
+  a deficit of 1,145 billion in January, provisional Bank of
+  Italy figures show.
+      The February surplus compared with a deficit of 1,578
+  billion lire in the same month for 1986.
+      For the first two months of 1987, the balance of payments
+  showed a surplus of 302 billion lire against a deficit of 4,622
+  billion in the same 1986 period.
+      The Bank of Italy said the cumulative balance for the first
+  two months of 1987 does not match the total calculated on the
+  individual monthly figures because of the provisional nature of
+  certain data.
+  
+
diff --git a/reuters/training/7048 b/reuters/training/7048
new file mode 100644
index 0000000000000000000000000000000000000000..597c0dae9b53dc4a6ccd064917ce5f42edd6ff27
--- /dev/null
+++ b/reuters/training/7048
@@ -0,0 +1,13 @@
+BELVEDERE CORP <BLV> 4TH QTR LOSS
+  Oper shr loss 21 cts vs loss 95 cts
+      Oper net loss 666,000 vs loss 2,184,000
+      Avg shrs 3,181,805 vs 2,310,200
+      Year
+      Oper shr loss 30 cts vs loss 23 cts
+      Oper net loss 823,000 vs loss 606,000
+      Avg shrs 2,757,040 vs 2,614,225
+      NOTE: Net excludes realized investment gains of 666,000
+  dlrs vs 289,000 dlrs in quarter and 2,274,000 dlrs vs 1,468,000
+  dlrs in year.
+  
+
diff --git a/reuters/training/7049 b/reuters/training/7049
new file mode 100644
index 0000000000000000000000000000000000000000..44cd88de3092fd9d55a54f562efb73b8f59f08dc
--- /dev/null
+++ b/reuters/training/7049
@@ -0,0 +1,11 @@
+ITALIAN NET RESERVES RISE IN FEBRUARY
+  Italy's net official reserves rose to
+  66,172 billion lire in February 1987 from a previously reported
+  62,174 billion in January, the Bank of Italy said.
+      Gold holdings at end-February totalled 35,203 billion lire,
+  unchanged on January.
+      Convertible currencies totalled 18,467 billion lire, up
+  from 14,899 billion in January, while European Currency Unit
+  (ECU) holdings were 10,156 billion lire against 10,133 billion.
+  
+
diff --git a/reuters/training/7052 b/reuters/training/7052
new file mode 100644
index 0000000000000000000000000000000000000000..200ee8b3b27f68bce962442a922151bdbc051ef0
--- /dev/null
+++ b/reuters/training/7052
@@ -0,0 +1,5 @@
+CARTER HAWLEY HALE STORES INC 4TH QTR SHR LOSS 1.58 DLRS VS PROFIT 58 CTS
+
+  CARTER HAWLEY HALE STORES INC 4TH QTR SHR LOSS 1.58 DLRS VS PROFIT 58 CTS
+  
+
diff --git a/reuters/training/7057 b/reuters/training/7057
new file mode 100644
index 0000000000000000000000000000000000000000..67fac4af1a9eb86bd0e006d28d425b50e9a03c1f
--- /dev/null
+++ b/reuters/training/7057
@@ -0,0 +1,5 @@
+WASTE MANAGEMENT SAYS IT IS PREPARED TO RAISE ITS BID FOR CHEMLAWN TO 33 DLRS A SHARE
+
+  WASTE MANAGEMENT SAYS IT IS PREPARED TO RAISE ITS BID FOR CHEMLAWN TO 33 DLRS A SHARE
+  
+
diff --git a/reuters/training/7058 b/reuters/training/7058
new file mode 100644
index 0000000000000000000000000000000000000000..d8013c5bbdcdf9762c9ae85de55242e9209e7d10
--- /dev/null
+++ b/reuters/training/7058
@@ -0,0 +1,22 @@
+TRANSAMERICA <TA> TO HAVE GAIN ON UNIT SALE
+  Transamerica Corp said it expects
+  to realize a gain of about 75 mln dlrs on the
+  previously-announced sale of the group life and health
+  operations of its Transamerican Occidental Life Insurance Co
+  subsidiary to Provident Life and Accident Co <PACC>.
+      But it said its Transamerica Life Cos unit plans to change
+  to a more conservative method of amortizing deferred policy
+  acquisition costs, resulting in a one-time charge that will
+  offset most of the gain from the sale.
+      Transamerica said it has now signed a definitive agreement
+  for the sale, which will be structured as a reinsurance
+  transaction involving about 400 mln dlrs of reserve
+  liabilities.
+      It said the 75 mln dlr gain from the sale and about 125 mln
+  dlrs of statutory surplus that previously supported operations
+  of the group being sold will be used to support Transamerica
+  Life Cos' efforts to accelerate the growth of its remaining
+  businesses.  It said closing is expected by May One, subject to
+  regulatory approvals.
+  
+
diff --git a/reuters/training/706 b/reuters/training/706
new file mode 100644
index 0000000000000000000000000000000000000000..b255eb18e005d21940491e3471d1524550d58a0e
--- /dev/null
+++ b/reuters/training/706
@@ -0,0 +1,18 @@
+ROSPATCH <RPCH> TO RESPOND TO DIAGNOSTIC <DRS>
+  Rospatch Corp said it will
+  have a news release later in response to today's acquisition
+  bid by Diagnostic Retrieval Systems Inc for 22 dlrs a share.
+      Rospatch earlier requested its stock be halted in over the
+  counter trading, last trade 24-1/8.
+      Diagnostic said its bid was for a total 53 mln dlrs through
+  a cash tender offer for all, but not less than 51 pct of
+  Rosptach outstanding common.
+      For its fourth-quarter ended December 31, 1986, Rospatch
+  reported net loss 2,649,000 or 1.10 dlrs a share compared a
+  loss of 627,500 or 35 cts profit for the 1985 period.
+      In December the Brookehill Group in New York said it had
+  9.7 pct stake. J.A. Parini, Rospatch chief executive, responded
+  on January eight by saying the investment was a vote in
+  confidence in the company.
+  
+
diff --git a/reuters/training/7060 b/reuters/training/7060
new file mode 100644
index 0000000000000000000000000000000000000000..c93c8d35ec80fa8a23fb23419d1a8ad761740dbf
--- /dev/null
+++ b/reuters/training/7060
@@ -0,0 +1,14 @@
+AMERITRUST <AMTR> SETS TWO FOR ONE STOCK SPLIT
+  AmeriTrust Corp said its board
+  declared a two-for-one stock split, and management intends to
+  recommend to directors an increase in the quarterly dividend to
+  at least 50 cts per share presplit from the current 44 cts.
+      The company said shareholders at the May 14 annual meeting
+  will be asked to approve an increase in authorized common
+  shares to 100 mln from 25 mln, as well as a limitation of
+  directors' liability and the establishment of a classified
+  board.
+      The split is subject to approval of the increase in
+  authorized common shares, it said.
+  
+
diff --git a/reuters/training/7061 b/reuters/training/7061
new file mode 100644
index 0000000000000000000000000000000000000000..25180dd27576b0e91a09f98174a0139da1ce81e3
--- /dev/null
+++ b/reuters/training/7061
@@ -0,0 +1,32 @@
+CARTER HAWLEY HALE STORES INC <CHH> 4TH QTR LOSS
+  ended Jan 31
+      Shr loss 1.58 dlrs vs profit 58 cts
+      Net loss 24.2 mln vs profit 18.9 mln
+      Sales 1.34 billion vs 1.32 billion
+      Avg shrs 20.0 mln vs 19.8 mln
+      Year
+      Shr loss 1.27 dlrs vs profit 92 cts
+      Net profit 4.2 mln vs profit 48.0 mln
+      Sales 4.09 billion vs 3.98 billion
+      Avg shrs 20.2 mln vs 19.6 mln
+      NOTES: Share results after provision for preferred
+  dividends
+      Per share profits from operations were 1.46 dlrs vs 71 cts
+  in the quarter and 2.44 dlrs vs 1.05 dlrs in year. On a fully
+  diluted basis this was 1.11 dlrs vs 67 cts and 2.42 dlrs vs
+  1.58 dlrs, respectively, based on 33.0 mln vs 32.3 mln shares
+  outstanding in quarter and 32.8 mln vs 32.1 mln in year
+      1986 results in both periods include pre-tax losses pf 2.2
+  mln dlr on sale of John Wanamaker and 25.0 mln dlrs related to
+  recapitalization, for a combined primary per share charge of
+  1.58 dlrs in quarter and 1.57 dlrs in year.
+      1986 results also include an after-tax charge 29.3 mln
+  dlrs, equal to 1.46 dlrs a share in quarter and 1.44 dlrs in
+  year, for premium on early retirement of debt
+      1985 net in both periods includes pre-tax loss of 2.4 mln
+  dlrs, equal to 13 cts a share, on sale of Holt Renfrew
+      Results include LIFO charge 1.7 mln dlrs vs credit 4.4 mln
+  dlrs in quarter and credit 1.9 mln dlrs vs credit 6.4 mln dlrs
+  in year
+  
+
diff --git a/reuters/training/7062 b/reuters/training/7062
new file mode 100644
index 0000000000000000000000000000000000000000..791735a213be572cb459d55952fdbbdcef936f0f
--- /dev/null
+++ b/reuters/training/7062
@@ -0,0 +1,79 @@
+OECD FARM SUBSIDIES STUDY RESULTS DETAILED
+  The results of a controversial study
+  of farm subsidies conducted by the Paris-based Organisation for
+  Economic Cooperation and Development, OECD, show Japan has the
+  highest agriculture subsidies in the world, and that dairy
+  farmers benefit more than any other commodity producers from
+  subsidies.
+      Results of the study, which has not been released by OECD
+  because of objections from some countries, were provided to
+  Reuters by officials of several countries on condition they not
+  be identified.
+      The OECD study calculates the level of farm subsidies for
+  the years 1979-81 using a new measure called the producer
+  subsidy equivalent, PSE.
+      The study shows that on dairy products Japan's PSE, or the
+  amount of aid to farmers expressed as a percentage, averaged
+  83.3 pct over 1979-81, with the European Community at 68.8 pct
+  and the United States 48.2 pct.
+      For wheat Japan's PSE averaged 95.8 pct, the EC 28.1 and
+  the U.S. 17.2. Japan's rice PSE was 68.8 pct compared to the EC
+  13.6 and the U.S. 5.4 pct, the OECD calculations show.
+      In coarse grains, Japan's subsidies reached 107.1 pct
+  compared with 27.9 pct for the EC and 13.1 pct for the U.S.
+  Japan's beef subsidy was 54.9 pct versus 52.7 pct for the EC
+  and 9.5 pct for the U.S., OECD concluded.
+      For sugar, Japan's PSE was 48.4 pct versus 27.9 pct in the
+  EC and 13.1 pct for the U.S., the study shows.
+      The OECD calculated farm subsidies for other industrial
+  countries such as Canada, Australia and New Zealand but in most
+  cases the results were much lower than for the U.S., EC and
+  Japan, the sources said.
+      Subsidies in Argentina and Brazil, two major developing
+  country producers of commodities, were not included in the OECD
+  work.
+      Officials said they hope to persuade reluctant countries to
+  release the study soon, perhaps coinciding with the OECD
+  ministerial meeting in Paris during May.
+      Some officials hope the OECD results will be used as a 
+  basis for negotiations during the Uruguay round of global trade
+  talks now underway in Geneva.
+      British Agriculture Minister Michael Jopling during a visit
+  to Washington this week endorsed the OECD work as a starting
+  point for the Uruguay round negotiations on agriculture.
+      He said the PSE calculations provide a tool to negotiate
+  down domestic farm support levels, which are a major cause of
+  the present crisis in world agriculture.
+      However, the OECD study results are controversial because
+  they highlight the levels of assistance to farmers, officials
+  familiar with the study said.
+      The U.S. Agriculture Department's Economic Research Service
+  recently published a study of farm subsidies in an attempt to
+  verify the OECD results and update them to 1982-84.
+      In some cases the results were substantially different than
+  the OECD's, in part because farm policies in both the U.S. and
+  elsewhere had changed markedly by 1982-84 from the OECD base
+  period of 1979-81, U.S. officials said.
+      For example, the USDA study found the United States
+  subsidies to corn producers were higher in 1982-84, at 25 to 49
+  pct, than in the EC, at zero to nine pct.
+      French Maize Producers Association president Marcel Cazale,
+  citing the result of the USDA calculation for corn, told
+  reporters last week that the United States subsidizes its
+  farmers more than the EC.
+      However, the sources said EC corn subsidies are probably
+  higher than the U.S. now because of increases since 1984.
+      Officials of several countries have been asked to
+  contribute data to OECD so that the study can be updated to
+  1985 subsidy levels, a much more relevant measure of the
+  current world farm situation.
+      The updated calculations, which may take several months to
+  complete, are expected to show substantial increases in U.S.
+  subsidy levels for sugar because the U.S. imposed restrictive
+  import quotas in 1982 as aid to the domestic industry.
+      U.S. subsidy levels also are increased by the 1985 farm
+  bill, which sharply boosted government deficiency payments to
+  grain farmers and applied a marketing loan for rice, officials
+  added.
+  
+
diff --git a/reuters/training/7063 b/reuters/training/7063
new file mode 100644
index 0000000000000000000000000000000000000000..f2b6d160b4821f3b82f5856ae4c1963cde97e4aa
--- /dev/null
+++ b/reuters/training/7063
@@ -0,0 +1,7 @@
+FIRST AMERICAN FINANCIAL<FAMR> IN SPECIAL PAYOUT
+  First American Financial Corp
+  said its board declared a special dividend of 20 cts per share
+  and the regular 25 ct quarterly dividend, both payable April 15
+  to holders of record March 31.
+  
+
diff --git a/reuters/training/7064 b/reuters/training/7064
new file mode 100644
index 0000000000000000000000000000000000000000..186bdfd009e348f272a4dd01cc01402a40bf2969
--- /dev/null
+++ b/reuters/training/7064
@@ -0,0 +1,7 @@
+CARIBOU ENERGY REVERSE SPLIT APPROVED
+  <Caribou Energy Inc> said shareholders
+  have approved a one-for-100 reverse split that will take effect
+  by tomorrow and the company has changed its name to <Texas
+  Petroleum Corp>.
+  
+
diff --git a/reuters/training/7065 b/reuters/training/7065
new file mode 100644
index 0000000000000000000000000000000000000000..c116cbe73c8951f77e5f903222bc142be9451acb
--- /dev/null
+++ b/reuters/training/7065
@@ -0,0 +1,12 @@
+NATIONAL CAPITAL <NCETS> TO MAKE SALE
+  National Capital Real Estate
+  Trust said it has entered into a definitive agreement to sell
+  its Irvine Commercial Center in Irvine, Calif., to Shuwa Corp
+  of California for 10.85 mln dlrs.
+      It said the buyer has pl;aced 250,000 dlrs into an escrow
+  account as a nonrefundable deposit.
+      The trust said existing debt secured by the property of
+  about 6,700,000 dlrs in due on completion of the transaction,
+  which is expected in early April.
+  
+
diff --git a/reuters/training/7066 b/reuters/training/7066
new file mode 100644
index 0000000000000000000000000000000000000000..5897d5a50695b39d8ccde95266f5839cf420c613
--- /dev/null
+++ b/reuters/training/7066
@@ -0,0 +1,35 @@
+SWISSAIR REPORTS LOWER PROFIT AND DIVIDEND
+  Swissair <SWSZ.Z> reported a 5.8 pct
+  drop in 1986 net profit to 64.5 mln Swiss francs and said that,
+  in line with its new, flexible dividend policy, it would cut
+  its payout to 33 francs per share from 38.
+      President Robert Staubli told a news conference that the
+  first two months of this year gave hope that 1987 profit would
+  at least equal last year's figure, but said much depended on
+  outside factors such as fuel prices and the exchange rate.
+      The fall was largely due to a 60 mln franc loss on
+  Swissair's core flying business last year, against a profit of
+  27 mln francs the previous year, he said.
+      The net profit figure was reached after receipt of some 68
+  mln francs from plane sales, compared with a mere 17 mln francs
+  in 1985. Finance Head Martin Juenger said he expected around 20
+  mln francs from sales this year, although said much depended on
+  the speed with which it decided to sell its DC-10s.
+      Gross profit for 1986 reached 340.5 mln francs, with 276
+  mln francs subtracted for ordinary depreciation.
+      Gross profits for the previous year had been 382.5 mln
+  francs, with 314 mln subtracted for depreciation, including 45
+  mln francs supplementary depreciation.
+      Staubli said the 1986 result, well below predictions made
+  this time last year, suffered considerably due to exchange rate
+  fluctuations, in particular the strength of the Swiss franc.
+      While the negative effects on revenue of the sharp drop in
+  the dollar were partially compensated for by cheaper fuel
+  prices, there was no such offset for the strength of the franc
+  against other European currencies.
+      "Income and profit generated by services to these countries
+  shrank by a very substantial margin," he said. "Exchange rate
+  trends therefore hit us much more severely than most other
+  airlines."
+  
+
diff --git a/reuters/training/7067 b/reuters/training/7067
new file mode 100644
index 0000000000000000000000000000000000000000..cd8b809b7ae7c4304f1d6d4a6e9c8291733dbf44
--- /dev/null
+++ b/reuters/training/7067
@@ -0,0 +1,19 @@
+CANADIAN ROXY IN NEW ALBERTA OIL DISCOVERY
+  <Canadian Roxy Petroleum Ltd>
+  said a new oil discovery in the Peerless Lake area of
+  north-central Alberta is capable of flowing at over 1,000
+  barrels of oil a day from a lower zone and more than 1,500
+  barrels a day from a separate upper zone.
+      Canadian Roxy has a 35 pct interest in the five-year
+  royalty free well, known as the Canadian Roxy et Al Trout
+  A14-8-89-3 W5M. Texaco Canada Inc holds 25 pct, MLC Oil and Gas
+  Ltd 15 pct, Northstar Energy Corp 13.5 pct and Tricentrol Oils
+  Ltd 11.5 pct.
+      Canadian Roxy said drilling has started on a follow-up
+  exploratory well about one mile northwest of the discovery
+  well.
+      The company said it holds a net 6,500 acres in the vicinity
+  of the discovery and a seismic program is underway to evaluate
+  further drilling opportunities.
+  
+
diff --git a/reuters/training/7068 b/reuters/training/7068
new file mode 100644
index 0000000000000000000000000000000000000000..9f91123a18b53f98c1d065d226e5e2caaa7bf6eb
--- /dev/null
+++ b/reuters/training/7068
@@ -0,0 +1,11 @@
+WASTE MANAGEMENT<WMX> TO RAISE CHEMLAWN<CHEM>BID
+  Waste Management Inc said it
+  sent a letter to the ChemLawn Corp board, saying it is prepared
+  to increase its bid for ChemLawn to 33 dlrs a share,
+  from 27 dlrs, if ChemLawn promptly negotiates and executes a
+  simple two-step merger agreement containing only essential
+  covenants and conditions.
+      Upon such an agreement, Waste Management said, it would
+  amend its 27 dlrs a share cash tender offer.
+  
+
diff --git a/reuters/training/707 b/reuters/training/707
new file mode 100644
index 0000000000000000000000000000000000000000..b671c570a1f586fa877a26a566ce2306e03f5b0a
--- /dev/null
+++ b/reuters/training/707
@@ -0,0 +1,6 @@
+GREEN TREE ACCEPTANCE INC <GNT> SETS DIVIDEND
+  Qtly dividend 12-1/2 cts vs 12-1/2 cts
+      Pay March 31
+      Record March 16
+  
+
diff --git a/reuters/training/7070 b/reuters/training/7070
new file mode 100644
index 0000000000000000000000000000000000000000..185b3801b15f53c67e1058751f9d6e4f2a50b6fb
--- /dev/null
+++ b/reuters/training/7070
@@ -0,0 +1,11 @@
+U.S. FIRST TIME JOBLESS CLAIMS FELL IN WEEK
+  New applications for unemployment
+  insurance benefits fell to a seasonally adjusted 340,000 in the
+  week ended March 7 from 373,000 in the prior week, the Labor
+  Department said.
+      The number of people actually receiving benefits under
+  regular state programs totaled 2,507,000 in the week ended Feb
+  28, the latest period for which that figure was available.
+      That was up from 2,477,000 the previous week.
+  
+
diff --git a/reuters/training/7071 b/reuters/training/7071
new file mode 100644
index 0000000000000000000000000000000000000000..165242d854c6f3c6bff2e8cbccbb0b46bb0e885e
--- /dev/null
+++ b/reuters/training/7071
@@ -0,0 +1,52 @@
+COCOA DELEGATES OPTIMISTIC ON BUFFER STOCK RULES
+  Hopes mounted for an agreement on cocoa
+  buffer stock rules at an International Cocoa Organization,
+  ICCO, council meeting which opened here today, delegates said.
+      Both producer and consumer ICCO members said after the
+  opening session that prospects for an agreement on the cocoa
+  market support mechanism were improving.
+      "The chances are very good as of now of getting buffer stock
+  rules by the end of next week," Ghanaian delegate and producer
+  spokesman Mama Mohammed told journalists.
+      Consumer spokesman Peter Baron called the tone of the
+  negotiations "optimistic and realistic."
+      The ICCO council failed to agree on buffer stock rules when
+  a new International Cocoa Agreement came into force in January,
+  with deep differences of opinion precluding serious discussions
+  on the matter at that time. The existing buffer stock of about
+  100,000 tonnes of cocoa was frozen, with a funds balance of 250
+  mln dlrs.
+      The ICCO made buffer stock rules negotiations a priority at
+  this semi-annual council meeting in order to stop the slide in
+  world cocoa prices.
+      Consumers and producers agreed yesterday on the principles
+  as a basis for negotiations.
+      The council broke for lunch, and reconvenes at 1500 hrs. A
+  working group which has been meeting since Monday will tackle
+  the buffer stock rules issue again at 1600 hrs, when ICCO
+  executive director Kobena Erbynn presents a fleshed-out version
+  of a draft proposal he prepared earlier this week, delegates
+  said.
+      Mohammed said delegates will have a much clearer indication
+  of prospects for an accord after details of the rules are
+  elaborated by Erbynn, and after producers and consumers meet
+  separately later today to examine the scheme.
+      The draft proposal included three principles: a limit to
+  non- member cocoa comprising the buffer stock, an offer system
+  for buying buffer stock cocoa, and price differentials to be
+  paid for various cocoas making up the buffer stock, delegates
+  said.
+      During the morning council session, the Ivory Coast
+  delegation gave "an open minded statement" that it is willing to
+  work out a buffer stock rules solution which could come into
+  effect as soon as possible, Baron said.
+      Ivorian Agriculture Minister Denis Bra Kanon, chairman of
+  the ICCO council, was now expected to arrive in London Monday
+  to attend the talks, Baron said. Vice chairman Sir Denis Henry
+  of Grenada chaired the meeting in his place.
+      Soviet and East German delegates did not attend the council
+  session because of a conflicting International Sugar
+  Organization meeting today, but could arrive this afternoon,
+  delegates said.
+  
+
diff --git a/reuters/training/7072 b/reuters/training/7072
new file mode 100644
index 0000000000000000000000000000000000000000..7e12707722a9c763d900a33bdb5cb01ff88d20ec
--- /dev/null
+++ b/reuters/training/7072
@@ -0,0 +1,12 @@
+STUARTS DEPARTMENT STORES <STUS> 4TH QTR NET
+  Ended Jan 31
+      Shr one ct vs 31 cts
+      Net 29,000 vs 1,350,000
+      Revs 43.7 mln vs 32.4 mln
+      Year
+      Shr 29 cts vs 62 cts
+      Net 1,251,000 vs 2,520,000
+      Revs 129.9 mln vs 96.1 mln
+      NOTE: Full name Stuarts Department Stores Inc.
+  
+
diff --git a/reuters/training/7073 b/reuters/training/7073
new file mode 100644
index 0000000000000000000000000000000000000000..987d87beb8a93184e2eb8ff203579dabdb56841a
--- /dev/null
+++ b/reuters/training/7073
@@ -0,0 +1,22 @@
+IOMEGA CORP <IOMG> EXPECTS QTR AND YEAR LOSSES
+  Iomega Corp announced it expected
+  revenues for the first quarter of 1987 to be significantly
+  lower than planned and that it anticipated a loss for the
+  quarter.
+      In its annual report to be mailed to stockholders tomorrow,
+  the company will announce its first quarter loss will be in
+  excess of 10 mln dlrs primarily as a result of lower than
+  anticipated revenues.
+      The company said it recored net income of 4,572,000 dlrs,
+  or 30 cts per share, for its first quarter fiscal 1986, on
+  revenues of 35.0 mln.
+      The company said it lowered its revenue plan for the
+  balance of 1987 and also expects to record a loss for the
+  entire 1987 year.
+      Iomega said the first quarter loss will place the company
+  in default under certain covenants in its bank line of credit
+  unless these covenants are modified.
+      The company is currently exploring alternatives for raising
+  additional funds through a debt for equity financing.
+  
+
diff --git a/reuters/training/7074 b/reuters/training/7074
new file mode 100644
index 0000000000000000000000000000000000000000..54121cd8f52871d61a31687d1fad59c76e6e2f46
--- /dev/null
+++ b/reuters/training/7074
@@ -0,0 +1,12 @@
+3COM CORP <COMS> 3RD QTR FEB 28 NET
+  Shr 22 cts vs 13 cts
+      Net 3,166,000 vs 1,780,000
+      Sales 30.4 mln vs 16.9 mln
+      Avg shrs 14.6 mln vs 14.0 mln
+      Nine mths
+      Shr 56 cts vs 33 cts
+      Net 7,961,000 vs 4,562,000
+      Sales 78.8 mln vs 44.7 mln
+      Avg shrs 14.3 mln vs 13.9 mln
+  
+
diff --git a/reuters/training/7075 b/reuters/training/7075
new file mode 100644
index 0000000000000000000000000000000000000000..ff4e8be0c72d2fbff92130112233f6d5f9ce63d8
--- /dev/null
+++ b/reuters/training/7075
@@ -0,0 +1,35 @@
+PORSCHE HALF-YEAR EARNINGS CALLED SATISFACTORY
+  Dr. Ing. H.C.F. Porsche AG <PSHG.F>
+  said earnings in first half year 1986/87 were "satisfactory"
+  despite burdens caused by the dollar's weakness against the
+  mark and stagnating domestic demand.
+      In its semi-annual shareholders' report, Porsche said first
+  half turnover fell six pct to 1.71 billion marks from 1.83
+  billion in the same period of 1985/86.
+      However, earnings were satisfactory, it said, without
+  giving absolute figures.
+      Domestic turnover fell 26 pct to 283 mln marks from 380
+  mln.
+      Foreign turnover dipped to 1.43 billion marks from 1.45
+  billion in the first half of last year, although the export
+  quota rose to 83 pct from 79 pct.
+      The car sector accounted for 1.51 billion marks of
+  turnover, against 1.63 billion the year earlier, it said.
+      Production dropped five pct to 25,876 cars from 27,381.
+  Manufacture of the 911 and 928 models rose six pct to 11,122
+  from 10,533 units but production of 924 and 944 models was cut
+  by 12 pct to 14,754 units from 16,848 and would be cut further,
+  the report said.
+      Car sales fell four pct to 25.269 units from 26,414 in the
+  comparable half year, the report said. U.S. Demand continued
+  for all models but demand fell in other markets.
+      Domestic sales were 39 pct down at 3,267 units from 5,397,
+  while sales abroad rose five pct to 22,002 from 21,017. Share
+  of exports in sales rose to 87 pct from 80 pct.
+      Investments were reduced to 108 mln marks from 125 mln.
+      Earnings were hit by lower sales and by the lower value of
+  the dollar and currencies in other important markets.
+      Nevertheless, sales and turnover would finish the July 11
+  year at a "high level," Porsche said.
+  
+
diff --git a/reuters/training/7076 b/reuters/training/7076
new file mode 100644
index 0000000000000000000000000000000000000000..35a3ba3776b6a47068911312bc4b5089be3ff54d
--- /dev/null
+++ b/reuters/training/7076
@@ -0,0 +1,6 @@
+PROGRESSIVE BANK INC <PSBK> 
+  Qtly div seven cts vs seven cts in prior qtr
+      Payable April 15
+      Record March 31
+  
+
diff --git a/reuters/training/7077 b/reuters/training/7077
new file mode 100644
index 0000000000000000000000000000000000000000..41c74d8244fb7dd56ea81ab1cfbd91ebabd8f2f4
--- /dev/null
+++ b/reuters/training/7077
@@ -0,0 +1,6 @@
+GERIATRIC AND MEDICAL CENTERS INC <GEMC> PAYOUT
+  Qtly div two cts vs two cts prior
+      Pay April 24
+      Record April Three
+  
+
diff --git a/reuters/training/7078 b/reuters/training/7078
new file mode 100644
index 0000000000000000000000000000000000000000..a2e485d3f4c151c5c11a3e295ac8a5a1149d66a0
--- /dev/null
+++ b/reuters/training/7078
@@ -0,0 +1,14 @@
+CONVENIENT FOOD MART INC <CFMI> 4TH QTR NET
+  Period ended Dec 28
+      Shr 42 cts vs 35 cts
+      Net 941,000 vs 786,000
+      Revs 12,798,000 vs 2,269,000
+      Year
+      Shr 97 cts vs 83 cts
+      Net 2,211,000 vs 1,841,000
+      Revs 19,027,000 vs 6,474,000
+      NOTE: 1985 period ended December 29
+      Share results adjusted for five-for-four stock split on
+  April 28, 1986 and 10 pct stock dividend issued Dec 10, 1986
+  
+
diff --git a/reuters/training/7079 b/reuters/training/7079
new file mode 100644
index 0000000000000000000000000000000000000000..694490e2a3ea4144640fad7ed6c6d41564f53d09
--- /dev/null
+++ b/reuters/training/7079
@@ -0,0 +1,10 @@
+MEDCHEM PRODUCTS INC <MDCH> 2ND QTR FEB 28 NET
+  Shr 21 cts vs 21 cts
+      Net 542,119 vs 520,668
+      Sales 2,035,759 vs 1,804,350
+      1st half
+      Shr 38 cts vs 42 cts
+      Net 956,228 vs 1,038,300
+      Sales 3,748,357 vs 3,482,066
+  
+
diff --git a/reuters/training/708 b/reuters/training/708
new file mode 100644
index 0000000000000000000000000000000000000000..0089a539833072c31d0d5362a471e3f5ff6714f7
--- /dev/null
+++ b/reuters/training/708
@@ -0,0 +1,10 @@
+ARGENTINE OIL PRODUCTION DOWN IN JANUARY 1987
+  Argentine crude oil production was
+  down 10.8 pct in January 1987 to 12.32 mln barrels, from 13.81
+  mln barrels in January 1986, Yacimientos Petroliferos Fiscales
+  said.
+      January 1987 natural gas output totalled 1.15 billion cubic
+  metrers, 3.6 pct higher than 1.11 billion cubic metres produced
+  in January 1986, Yacimientos Petroliferos Fiscales added.
+  
+
diff --git a/reuters/training/7080 b/reuters/training/7080
new file mode 100644
index 0000000000000000000000000000000000000000..65aac16bd25caa55c2eaed10eba3b3a50b175c2a
--- /dev/null
+++ b/reuters/training/7080
@@ -0,0 +1,11 @@
+U.K. MONEY MARKET GIVEN FURTHER 191 MLN STG HELP
+  The Bank of England said it gave the
+  money market a further 191 mln stg assistance in the afternoon
+  session. This takes the Bank's total help so far today to 372
+  mln stg and compares with its upwards revised estimate of the
+  shortage in the system of around 400 mln stg.
+      The central bank bought bank bills outright comprising 15
+  mln stg in band one at 9-7/8 pct and 176 mln stg in band two at
+  9-13/16 pct.
+  
+
diff --git a/reuters/training/7083 b/reuters/training/7083
new file mode 100644
index 0000000000000000000000000000000000000000..284c0f465f0f903a2e5032b0b6a17b4dc2a5d17e
--- /dev/null
+++ b/reuters/training/7083
@@ -0,0 +1,11 @@
+<PAGURIAN CORP LTD> YEAR NET
+  Shr 1.64 dlrs vs 90 cts
+      Net 64.9 mln vs 28.8 mln
+      Revs 73 mln vs 35 mln
+      NOTE: Shares outstanding 39.5 mln vs 32.1 mln. Avg shrs not
+  given.
+      Company recently raised equity and voting interests in
+  <Hees International Corp> to 13.4 pct and 16.1 pct,
+  respectively.
+  
+
diff --git a/reuters/training/7085 b/reuters/training/7085
new file mode 100644
index 0000000000000000000000000000000000000000..fee5af11a2c68133ed1f243cafa0aadcc2fa5250
--- /dev/null
+++ b/reuters/training/7085
@@ -0,0 +1,14 @@
+UNILEVER PLC ADJUSTS DIVIDEND
+  Unilever Plc <UN.AS> said a reduction in
+  U.K. Advance Corporation Tax, (ACT) has prompted the company to
+  adjust its 1986 final dividend to 36.17p per share from the
+  originally declared 35.18p.
+      Unilever's 1985 final dividend amounted 27.05p
+      The adjustment stemmed from the dividend equalisation
+  agreement between the British company and its Dutch partner
+  Unilever NV. ACT in respect of any dividend paid by Unilever
+  Plc has to be treated as part of the dividend.
+      Unilever NV final dividend remains 10.67 guilders as
+  declared with the 1986 results on March 3.
+  
+
diff --git a/reuters/training/7087 b/reuters/training/7087
new file mode 100644
index 0000000000000000000000000000000000000000..1c85fb520157426fdc4964949ff4b4ff626784a3
--- /dev/null
+++ b/reuters/training/7087
@@ -0,0 +1,9 @@
+JORDAN, SUDAN SIGN 100 MLN DLR BARTER TRADE PACT
+  Jordan and Sudan signed a barter trade
+  agreement under which they will exchange 100 mln dlrs' worth of
+  goods a year, Sudanese officials said.
+      They said Sudan will export corn, sesame, peanuts, spices
+  and cow hides, while Jordan will export cement, tomato puree,
+  chemicals and pharmaceuticals.
+  
+
diff --git a/reuters/training/7088 b/reuters/training/7088
new file mode 100644
index 0000000000000000000000000000000000000000..1cd92d3dfa38548d4c61c76e5a022a074a94d03e
--- /dev/null
+++ b/reuters/training/7088
@@ -0,0 +1,81 @@
+NEW MARKET EMERGES IN WARRANTS FOR GOLD
+  A new market has emerged in warrants to
+  buy gold, a vehicle which bankers say brings some of the play
+  of commodity options into the field of securities.
+      Over the past three weeks, Swiss offices of American banks
+  have launched a total of four issues of warrants with varying
+  conditions, drawing on renewed inflationary worries and the
+  recovery of the gold price last year.
+      And Credit Suisse and Credit Suisse-First Boston each
+  issued Swiss franc bonds with warrants for gold which have a
+  similar character, though they are aimed at a less professional
+  market.
+      The market is still small. Taken together, the four
+  American-led warrant issues raised only about 50 mln Swiss
+  francs.
+      But banks believe the vehicle meets a need of investors and
+  predicted a lively future.
+      Andrew Barrett of Citicorp Investment Bank (Switzerland) AG
+  said: "The warrants give smaller investors a chance to have a
+  long-term investment in gold with limited risk."
+      Citicorp in Zurich launched the first of these warrants on
+  February 27, following it up with a second issue less than a
+  week later. The issuer in both cases was Citibank NA.
+      The idea found some quick copies. Goldman Sachs in Zurich
+  organized and co-led an issue for the Swiss branch of Banque
+  Indosuez on March 9 and last night Morgan Guaranty
+  (Switzerland) AG did another for Morgan Guaranty Trust Co of
+  New York.
+      The four issues now offer investors striking prices for
+  gold ranging from the Indosuez issue at 410 dlrs an ounce, the
+  same price as the underlying commodity, to a 430 dlr level on
+  the first one for Citibank.
+      The premiums range from 22 pct to 36 pct and maturities
+  from 18 months to four years and three months, in all cases
+  longer than gold futures and options on U.S. Markets.
+      The bankers traced the inspiration for the market back to
+  the February report of U.S. Consumer prices for January, when a
+  jump of 0.7 pct raised again the threat of inflation.
+      "Many people are worried about inflation again," said Mats
+  Joensson of Goldman Sachs. "Money supply in Germany and the
+  United States has grown very strongly in the last year and
+  people want to take a ride on gold."
+      The gold market, having seen strong gains in 1986, has
+  languished just above 400 dlrs an ounce over the past few
+  weeks. But the banks saw in warrants the vehicle for a more
+  highly leveraged play where the downside risk was limited.
+      Barrett said it was natural that the market developed in
+  Switzerland. "People here understand gold, and they understand
+  warrants," he said.
+      Citicorp (Switzerland) pioneered warrants with a series of
+  equity-linked covered issues based on Japanese company shares
+  over the past two years, and last autumn, Swiss banks launched
+  covered warrants in Swiss registered shares in a bid to give
+  foreign investors a chance to play in a market otherwise closed
+  to all but Swiss citizens, and to play it with higher leverage.
+      But after a quick flurry of issues, that market dried up
+  when Swiss shares prices fell from their January peaks.
+      The issues are being marketed not on the basis of simple
+  premiums, but on implicit volatility models devised to provide
+  scientific comparisons between titles in the options market.
+      Martin Bachem of Morgan Guaranty said his bank's issue was
+  competitive despite its relatively high premium. The issue, for
+  five ounces at 425 dlrs, was priced at 955 Swiss francs, making
+  a premium over the spot gold price of nearly 36 pct.
+      Using a Black Sholes options model, he said the issue's
+  long, 4.3-year maturity meant the warrants needed an implicit
+  volatility of gold of only 24.5 pct for the option to pay off,
+  which he claimed was lower than the other issues.
+      But Barrett said the Black Sholes variant Citicorp used
+  pointed to a higher volatily for the Morgan issue and
+  emphasized that the models were at best an inexact science.
+      And each bank, using its own model, put the implicit
+  volatility needed for its own issue at close to 25 pct.
+      Whatever the calculation, the issues have received a warm
+  welcome from investors.
+      Joensson of Goldman Sachs said there was a lot of demand,
+  even among small investors, who were buying 15 or 20 warrants
+  apiece. "The most sophisticated ones wouldn't buy these because
+  the premiums are too high," he said.
+  
+
diff --git a/reuters/training/709 b/reuters/training/709
new file mode 100644
index 0000000000000000000000000000000000000000..c37e6698165f9389617af36776d58201740a5609
--- /dev/null
+++ b/reuters/training/709
@@ -0,0 +1,5 @@
+ROSPATCH CORP REJECTS OFFER FROM DIAGNOSTIC RETRIEVAL SYSTEMS INC
+
+  ROSPATCH CORP REJECTS OFFER FROM DIAGNOSTIC RETRIEVAL SYSTEMS INC
+  
+
diff --git a/reuters/training/7090 b/reuters/training/7090
new file mode 100644
index 0000000000000000000000000000000000000000..564eeaa878021455c3e3683f66dcd04058a814d2
--- /dev/null
+++ b/reuters/training/7090
@@ -0,0 +1,11 @@
+METRO FUNDING SHAREHOLDERS APPROVE MERGER
+  <Metro Funding Corp> said its
+  shareholders approved its merger into <Maxcom Corp> and its
+  change of incorporation from Nevada to Delaware.
+      Metro Funding also said its subsidiary, Comet Corp, will be
+  renamed Maxcom USA.
+      The company also reported shareholders approved the
+  authorization of 500,000 shares of common stock to be set aside
+  for an incentive stock option plan.
+  
+
diff --git a/reuters/training/7092 b/reuters/training/7092
new file mode 100644
index 0000000000000000000000000000000000000000..5e4239887f59640de4729507543bdeb8ae104293
--- /dev/null
+++ b/reuters/training/7092
@@ -0,0 +1,9 @@
+BLOCKBUSTER ENTERTAINMENT CORP <BBEC> YEAR LOSS
+  Oper shr loss 1.25 dlrs vs loss 44 cts
+      Oper net loss 2,915,000 vs loss 951,000
+      Revs 8,131,000 vs 119,000
+      NOTE: 1985 net excludes 625,000 dlr gain from discontinued
+  operations.
+      Net includes tax credits of 860,000 dlrs vs 285,000 dlrs.
+  
+
diff --git a/reuters/training/7093 b/reuters/training/7093
new file mode 100644
index 0000000000000000000000000000000000000000..5bb31ba24f00b30b602e7b9a1b0eb1613bf5aafe
--- /dev/null
+++ b/reuters/training/7093
@@ -0,0 +1,10 @@
+TELECOM <TELE> SAYS SALE CLOSING DELAYED
+  Telecom Plus International Inc
+  said the closing of the sale of its 65 pct interest in Tel Plus
+  Communications Inc to <Siemens AG> has been delayed.
+      The company said it will be continuing its talks with
+  Siemens and based on current circumstances believes the
+  transaction could close next week.
+      Closing had been scheduled for March 16.
+  
+
diff --git a/reuters/training/7096 b/reuters/training/7096
new file mode 100644
index 0000000000000000000000000000000000000000..79699142f4accdf75a2daeed1fe96998abcf09cc
--- /dev/null
+++ b/reuters/training/7096
@@ -0,0 +1,10 @@
+THE HOME DEPOT INC <HD> 4TH QTR FEB ONE NET
+  Shr 27 cts vs 10 cts
+      Net 7,684,000 vs 2,587,000
+      Revs 273.9 mln vs 203.7 mln
+      Year
+      Shr 90 cts vs 33 cts
+      Net 23.9 mln vs 8,219,000
+      Revs 1.01 billion vs 700.7 mln
+  
+
diff --git a/reuters/training/7097 b/reuters/training/7097
new file mode 100644
index 0000000000000000000000000000000000000000..da5d9bc01a059d49dc531ac6cb9e035a2ecec205
--- /dev/null
+++ b/reuters/training/7097
@@ -0,0 +1,22 @@
+U.S. ENERGY CHIEF SEES PROMISE IN OIL-TAX CHANGE
+  Energy Secretary John Herrington
+  said his proposed option to raise the oil depletion allowance
+  to 27.5 pct was probably the most economically promising way to
+  spur domestic production.
+      The White House has said it would consider the option
+  although it was generally opposed to any revisions in the new
+  tax code.
+      Herrington told a meeting of the Mid-Continent Oil and Gas
+  Association that the higher depletion allowance on new oil and
+  enhanced oil recovery would cost taxpayers about 200 mln dlrs a
+  year.
+      The option was one of many contained in a report on oil and
+  the national security the Energy Department sent to the White
+  House on Tuesday.
+      Herrington said of the increased depletion allowance
+  option: "that is one that could significantly increase
+  production at a very low cost to the American taxpayer."
+      He again rejected an oil import fee as far too costly to
+  the overall U.S. economy.
+  
+
diff --git a/reuters/training/7098 b/reuters/training/7098
new file mode 100644
index 0000000000000000000000000000000000000000..c88a92ec6cdf026da1779cf4e3019ebb4e381b7d
--- /dev/null
+++ b/reuters/training/7098
@@ -0,0 +1,5 @@
+U.S. PERSONAL INCOME ROSE 0.9 PCT IN FEBRUARY, SPENDING UP 1.7 PCT
+
+  U.S. PERSONAL INCOME ROSE 0.9 PCT IN FEBRUARY, SPENDING UP 1.7 PCT
+  
+
diff --git a/reuters/training/7099 b/reuters/training/7099
new file mode 100644
index 0000000000000000000000000000000000000000..31633eef5e560f53a91ed25367e0e8685dc51b95
--- /dev/null
+++ b/reuters/training/7099
@@ -0,0 +1,46 @@
+U.S. PERSONAL INCOME ROSE 0.9 PCT IN FEBRUARY
+  U.S. personal income rose 0.9 pct,
+  or 32.4 billion dlrs, in February to a seasonally adjusted
+  annual rate of 3,581.3 billion dlrs, the Commerce Department
+  said.
+      The increase followed a revised 0.2 pct rise in personal
+  income during January. Earlier, the department estimated
+  January personal income was unchanged.
+      The February incomes rise was the largest monthly increase
+  since a 1.2 pct rise in April 1986, the department said. It
+  attributed last month's rise to several factors, including
+  subsidy payments to farmers and government pay raises.
+      The department said personal consumption expenditures were
+  up during February by 1.7 pct or 49.1 billion dlrs to 2,855.9
+  billion dlrs after falling by 58.4 billion dlrs or two pct in
+  January.
+      Purchases of durable goods were up 24.8 billion dlrs last
+  month after decreasing by 69.7 billion dlrs in January with
+  sales of motor vehicles accounting for most of the February
+  increase and the January decline, the department said.
+      Purchases of nondurables rose 10.7 billion dlrs in February
+  after a 300 mln dlr increase in January.
+      The Commerce Department said wage and salary incomes were
+  up 15.6 billion dlrs in February after an 8.6 billion dlr rise
+  in January.
+      Manufacturing payrolls increased by 2.4 billion dlrs last
+  month after rising 1.9 billion dlrs in February with the gains
+  widespread through durable and nondurable industries, the
+  department said.
+      Farmers' incomes increased by 12.2 billion dlrs in February
+  after declining by 8.7 billion dlrs in January. Both last
+  month's increase and January's fall in farm incomes was because
+  of government subsidy payments, the department said.
+      Personal tax and nontax payments fell 5.5 billion dlrs in
+  February following a 19.5 billion dlrs January drop. The 
+  declines were a result of the Tax Reform Act of 1986.
+      Federal withheld income taxes were up in February from a
+  month earlier but that was offset by declines in federal
+  nonwithheld taxes and lower state and local income taxes.
+      Disposable personal income in February after taxes was up
+  1.2 pct or 37.8 billion dlrs to 3,063.4 billion dlrs after
+  rising 25.8 billion dlrs in January.
+      The personal savings rate eased to 3.6 pct in February from
+  four pct in January, the department said.
+  
+
diff --git a/reuters/training/71 b/reuters/training/71
new file mode 100644
index 0000000000000000000000000000000000000000..bb98ac01a9b0fea3121dc0daef42f58863ef1bb2
--- /dev/null
+++ b/reuters/training/71
@@ -0,0 +1,6 @@
+TULTEX CORP <TTX> SETS QUARTERLY DIVIDEND
+  Qtly div eights cts vs eight cts prior
+      Pay April one
+      Record March 13
+  
+
diff --git a/reuters/training/7100 b/reuters/training/7100
new file mode 100644
index 0000000000000000000000000000000000000000..1fc778688223a416ce2ac87255ed2ccf70ee3a39
--- /dev/null
+++ b/reuters/training/7100
@@ -0,0 +1,8 @@
+U.K. MONEY MARKET GIVEN 40 MLN STG LATE ASSISTANCE
+  The bank of England said it provided the
+  money market with late assistance of around 40 mln stg. This
+  brings the Bank's total help today to some 412 mln stg and
+  compares with its forecast of a shortage in the sytem of around
+  400 mln stg.
+  
+
diff --git a/reuters/training/7101 b/reuters/training/7101
new file mode 100644
index 0000000000000000000000000000000000000000..5481a88c5f6d8a1cbaddd82a342db1517f224139
--- /dev/null
+++ b/reuters/training/7101
@@ -0,0 +1,9 @@
+HOG AND CATTLE SLAUGHTER GUESSTIMATES
+  Chicago Mercantile Exchange floor
+  traders and commission house representatives are guesstimating
+  today's hog slaughter at about 295,000 to 305,000 head versus
+  307,000 week ago and 311,000 a year ago.
+      Cattle slaughter is guesstimated at about 124,000 to
+  128,000 head versus 127,000 week ago and 126,000 a year ago.
+  
+
diff --git a/reuters/training/7102 b/reuters/training/7102
new file mode 100644
index 0000000000000000000000000000000000000000..3fd80a126caea8af932396a07bebe6594180cba3
--- /dev/null
+++ b/reuters/training/7102
@@ -0,0 +1,35 @@
+DEUTSCHE BABCOCK SEES HIGHER 1986/87 PROFITS
+  Deutsche Babcock AG
+  <DBCG.F> expects profits to rise in the current financial year
+  ending September 9 although the earnings level is still
+  unsatisfactory, managing board chairman Helmut Wiehn said.
+      He told a news conference that business during the year had
+  weakened somewhat but was still generally positive.
+      Sales during the first five months to February was 1.26
+  billion marks, 46.7 pct down from the same 1985/86 period.
+  However, he expected turnover for the year to be approximately
+  unchanged from the previous year's 5.14 billion marks when
+  current orders from major projects are booked.
+      Wiehn said incoming orders in the first five months to end-
+  February totalled 2.50 billion marks compared with 2.04 billion
+  for the same period in 1985/86. They included a 45.8 pct
+  increase in domestic orders to 1.57 billion marks.
+      Orders in hand for the five months were 16.7 pct higher at
+  8.64 billion marks.
+      Wiehn added that Babcock was still aiming for a three pct
+  yield on turnover. In the year to September 1986 group profits
+  totalled 39 mln marks on sales of 5.14 billion against the
+  previous year's 32 mln on 5.11 billion marks.
+      Parent company turnover was unchanged at 25.6 mln marks.
+      Wiehn said Babcock's liquidity had clearly improved in the
+  current business year, with financial reserves in the first
+  five months rising by 237 mln marks to 831 mln after increasing
+  by 408 mln marks to 594 mln in 1985/86.
+      He said pre-tax earnings per share for 1985/86, according
+  to the DVFA method, were 26.95 marks from 21.40 marks and
+  earnings after tax rose to 10 marks from 8.10.
+      The company earlier said dividend will be unchanged at
+  three marks for ordinary shares and 3.50 marks for preference
+  shares.
+  
+
diff --git a/reuters/training/7103 b/reuters/training/7103
new file mode 100644
index 0000000000000000000000000000000000000000..07999c151c2a31464e7bef2501ff409a4fd4ccab
--- /dev/null
+++ b/reuters/training/7103
@@ -0,0 +1,36 @@
+SOVIET TIMECHARTERING BOOSTS GRAIN FREIGHT RATES
+  Current interest by Soviet charterers in
+  taking Panamax vessels on timecharter, mainly from the U.S. To
+  carry grain, is seen as the chief factor behind the recent
+  surge in values on the Baltic International Freight Futures
+  Exchange (BIFFEX), dealers said.
+      Futures soared through the 1,000 points barrier today for
+  the first time in the spot position since the market opened in
+  May 1985. However, the market tends to be nervous, with values
+  some 100 points above the Baltic Freight Index, which is
+  calculated on spot physical rates.
+      No specific figure has been put for Soviet bookings but
+  they have been sufficient to drain Panamax tonnage (about
+  50,000 to 65,000 tonnes dw) from the U.S. Gulf which would
+  normally operate on the trip to Japan, dealers said.
+      "It appears that the Chernobyl disaster had a worse effect
+  on its (the Soviet) grain harvest than reported," one said.
+      Freight rates on the Gulf/Japan grain route have
+  subsequently been the main beneficiary of current chartering
+  conditions, with very few, if any, Panamax sized ships left for
+  the remainder of this month in the Gulf. Rates have risen
+  steadily for vessels loading next month.
+      Dealers said there is even talk that owners are considering
+  taking older vessels out of lay-up to meet current demand.
+      Sentiment has also been aided by suggestions that Chinese
+  operators may be in the market for similar timecharter business
+  later in the year, they said.
+      They anticipate this would appear around June and it has
+  prompted keen demand in the July BIFFEX contract, despite it
+  normally being a slack time in the shipping year.
+      Market sentiment has fluctuated in recent weeks. Rates
+  turned down as an earlier rise in bunker prices, which had
+  supported the market at the start of the year, faltered but
+  then recovered on the reported Soviet interest.
+  
+
diff --git a/reuters/training/7104 b/reuters/training/7104
new file mode 100644
index 0000000000000000000000000000000000000000..a221d3a55c4f5f26359e677ba9704590e448e092
--- /dev/null
+++ b/reuters/training/7104
@@ -0,0 +1,13 @@
+DROUGHT MAY REDUCE ZIMBABWE COFFEE OUTPUT -GROWERS
+  Zimbabwe's projected coffee output of
+  13,000 tonnes for 1987/88 could be reduced by drought, growers
+  said.
+      The main coffee growing areas in eastern Zimbabwe have
+  received little rain since April 1986 and the Coffee Growers'
+  Association has begun a survey to assess the effects of the
+  drought, a spokesman said.
+      Zimbabwe exported 11,000 tonnes of coffee in 1986, mainly
+  to West Germany, Britain, Japan, the Netherlands, Switzerland
+  and the United States.
+  
+
diff --git a/reuters/training/7106 b/reuters/training/7106
new file mode 100644
index 0000000000000000000000000000000000000000..d7d8786ca930312add0e1f868a6d3bbd26c5051d
--- /dev/null
+++ b/reuters/training/7106
@@ -0,0 +1,5 @@
+PILLSBURY CO 3RD QTR SHR 56 CTS VS 63 CTS
+
+  PILLSBURY CO 3RD QTR SHR 56 CTS VS 63 CTS
+  
+
diff --git a/reuters/training/7107 b/reuters/training/7107
new file mode 100644
index 0000000000000000000000000000000000000000..4f46ac4404d941d08fce6358a30d0ec27656283c
--- /dev/null
+++ b/reuters/training/7107
@@ -0,0 +1,27 @@
+CONTROL RESOURCE <CRIX> SEES LOWER EARNINGS
+  Control Resource
+  Industries Inc said the company estimates 1986 earnings to be
+  between 800,000 and 900,000 dlrs, or 22 to 25 cts per share,
+  compared with 852,000 dlrs, or 33 cts per share, during 1985.
+      The company said preliminary estimates of 1986 revenues is
+  24.5 mln dlrs, compared with 7,900,000 for 1985.
+      The estimated 1986 results are based on 3,207,000 shares
+  outstanding, compared to 2,566,000 shares outstanding for 1985.
+      R. Steven Lutterbach, chairman, said net income for 1986
+  was adversely affected primarily due to lower operating margins
+  at the company's Western Environmental subsidiary, and to an
+  increase in bad debt reserves.
+      Western Environmental was acquired in March 1986.
+  Lutterbach explained the company has taken steps to improve
+  financial and accounting controls, primarily at Western, which
+  were not adequate at the time of acquisition.
+      He noted the final results for the fourth quarter will
+  depend on the allocation of increased costs between the second
+  and fourth quarters.
+      Lutterbach said it is possible second quarter results will
+  be restated, though final net income for the year will remain
+  in the estimated range.
+      He added preliminary indications for first quarter 1987
+  revenues were favorable.
+  
+
diff --git a/reuters/training/7109 b/reuters/training/7109
new file mode 100644
index 0000000000000000000000000000000000000000..9ddf42ae7f5ac1fcc71bd2d1611c587661fb2950
--- /dev/null
+++ b/reuters/training/7109
@@ -0,0 +1,12 @@
+MEDIQ <MED> IN AMERICAN MEDICAL <AMI> UNIT BUY
+  MEDIQ Inc said its MEDIQ
+  Diagnostic Imaging Partners - I LP has signed a letter of
+  intent to acquire substantially all the assets of American
+  Medical International Inc's AMI Diagnostic Services Inc
+  subsidiary for undisclosed terms.
+      The company said AMI Diagnostic operates seven magnetic
+  resonance and mutli-modality diagnostic imaging centers. MEDIQ
+  Diagnostic is a limited partnership of which MEDIQ is general
+  partner.
+  
+
diff --git a/reuters/training/7110 b/reuters/training/7110
new file mode 100644
index 0000000000000000000000000000000000000000..cb15978f9812b63795b96a1e3dba62abfc57cef7
--- /dev/null
+++ b/reuters/training/7110
@@ -0,0 +1,13 @@
+CYCLOPS <CYL>BOARD RESTRUCTURED TO INCLUDE DIXON
+  Cyclops Corp said its board has
+  been restructured under the terms of the company's merger
+  agreement with <Dixons Group plc> following the British
+  company's acquisition of 54 pct of Cyclops' stock.
+      The company said its board is now composed of three Cyclops
+  executives -- Chairman W.H. Knoell, President James F. Will and
+  Senior Vice President WIlliam D. Dickey -- and three Dixons
+  executives -- Vice-Chairman and Financial Director Egon von
+  Greyerz, Corporate Finance Director Gerald M.N. Corbett, and
+  Secretary Jeoffrey Budd.
+  
+
diff --git a/reuters/training/7111 b/reuters/training/7111
new file mode 100644
index 0000000000000000000000000000000000000000..5cb50ef4fd66983a7746137385740d6f0b8fa464
--- /dev/null
+++ b/reuters/training/7111
@@ -0,0 +1,13 @@
+BLOCKBUSTER ENTERTAINMENT <BBEC> SELLING UNIT
+  Blockbuster Entertainment Corp said it
+  will sell its investment in Amtech Corp to the company
+  chairman, David Cook, and president, Kenneth Anderson.
+      The company said the sale is taking place because Amtech is
+  not compatible with Blockbuster's main line of business, will
+  require substaintial additional funding to develop and market
+  its product, and is expected to sustain operating losses for
+  the forseeable future.
+      The company said Cook and Anderson will form a new company
+  with the sale called Amtech Holdings Inc.
+  
+
diff --git a/reuters/training/7113 b/reuters/training/7113
new file mode 100644
index 0000000000000000000000000000000000000000..79c3eaa4b53179532398d62df49fb9c3602c3f29
--- /dev/null
+++ b/reuters/training/7113
@@ -0,0 +1,14 @@
+MANOR CARE INC <MNR> 3RD QTR FEB 28 NET
+  Shr 24 cts vs 21 cts
+      Net 9,700,000 vs 8,286,000
+      Revs 120.6 mln vs 115.7 mln
+      Avg shrs 40.0 mln vs 39.9 mln
+      Year
+      Shr 69 cts vs 68 cts
+      Net 27.8 mln vs 27.1 mln
+      Revs 374.9 mln vs 358.8 mln
+      Avg shrs 40.0 mln vs 39.9 mln
+      NOTE: 1986 year net includes charge of 2,396,000 dlrs, or
+  six cts a share, for debt redemption
+  
+
diff --git a/reuters/training/7115 b/reuters/training/7115
new file mode 100644
index 0000000000000000000000000000000000000000..bb952445a9bf8530d03a6b4af01b0d903472738e
--- /dev/null
+++ b/reuters/training/7115
@@ -0,0 +1,12 @@
+ADTEC INC <JAIL> 3RD QTR FEB 28 NET
+  Oper shr 11 cts vs 11 cts
+      Oper net 164,000 vs 161,000
+      Revs 2,598,000 vs 2,241,000
+      Nine mths
+      Oper shr 28 cts vs 18 cts
+      Oper net 419,000 vs 276,000
+      Revs 6,983,000 vs 5,019,000
+      NOTE: Net excludes tax loss carryforwards 11,876 dlrs vs
+  83,045 dlrs in quarter and 36,684 dlrs vs 144,590 dlrs
+  
+
diff --git a/reuters/training/7117 b/reuters/training/7117
new file mode 100644
index 0000000000000000000000000000000000000000..96601f9c7335075362bdf33339e1fdc70564ec01
--- /dev/null
+++ b/reuters/training/7117
@@ -0,0 +1,5 @@
+CANADA JANUARY RETAIL SALES FALL 0.1 PCT AFTER DECEMBER'S 0.9 PCT GAIN - OFFICIAL
+
+  CANADA JANUARY RETAIL SALES FALL 0.1 PCT AFTER DECEMBER'S 0.9 PCT GAIN - OFFICIAL
+  
+
diff --git a/reuters/training/7119 b/reuters/training/7119
new file mode 100644
index 0000000000000000000000000000000000000000..bbf40a66b628ae84ee2397c469954576d06d5bb4
--- /dev/null
+++ b/reuters/training/7119
@@ -0,0 +1,18 @@
+ACCORD SAID IN SIGHT IN BRAZIL SEAMEN'S STRIKE
+  An accord is in sight in Brazil's
+  20-day-old national seamen's strike, which has seriously
+  delayed exports, a union official said.
+      The official, speaking from strike headquarters in Rio de
+  Janeiro, said up to 30,000 of Brazil's 40,000 seamen were still
+  on strike.
+      He said the others had returned to work over the last week,
+  accepting pay offers of 120 pct from four private companies and
+  from the Frota Nacional de Petroleiros (Fronape), part of the
+  state-owned oil company Petrobras.
+      The association grouping private shipowners, Syndarma, has
+  also offered 120 pct but talks have so far been deadlocked over
+  payment for overtime.
+      The union official said he believed this issue would be
+  resolved shortly.
+  
+
diff --git a/reuters/training/712 b/reuters/training/712
new file mode 100644
index 0000000000000000000000000000000000000000..91b5ae2a953acf9a6b57ad3826190aac7f7da3bd
--- /dev/null
+++ b/reuters/training/712
@@ -0,0 +1,11 @@
+NORTH AMERICAN GROUP <NAMG> BUYS GEORGIA FIRM
+  North American Group Ltd's North
+  American Acquisition Corp said it has a definitive agreement to
+  buy 100 pct of Pioneer Business Group Inc of Atlanta.
+      Terms of the acquisition were not disclosed. Closing of the
+  acquisition is scheduled for April.
+      North American Acquisition said the agreement is subject to
+  due diligence and a satisfactory review of Pioneer's operation.
+  Pioneer makes business forms.
+  
+
diff --git a/reuters/training/7120 b/reuters/training/7120
new file mode 100644
index 0000000000000000000000000000000000000000..9c3649eeb3f27ec20c0103273127ad56073c371e
--- /dev/null
+++ b/reuters/training/7120
@@ -0,0 +1,22 @@
+PILLSBURY CO <PSY> 3RD QTR FEB 28 NET
+  Shr 56 cts vs 63 cts
+      Net 48,500,000 vs 55,400,000
+      Sales 1.53 billion vs 1.46 billion
+      Avg shrs 86.6 mln vs 87.3 mln
+      Nine mths
+      Shr 1.73 dlrs vs 1.79 dlrs
+      Net 150,300,000 vs 156,200,000
+      Sales 4.60 billion vs 4.30 billion
+      Avg shrs 86.7 mln vs 87.3 mln
+      NOTE: 1987 results include gain of 9.7 mln dlrs, or 11 cts
+  a share from sale of assets
+      1986 results include gain of 161 mln dlrs, or 18 cts a
+  share, from sale of assets, offset partly by a restructuring
+  provision
+      Fiscal 1987 results restated to give effect to adoption of
+  financial accounting standards relating to pension costs.
+  Segment data for Foods restated to include results of commodity
+  marketing, previously reported separately. Earnings restated
+  for two-for-one stock split, effective Nov 30, 1986
+  
+
diff --git a/reuters/training/7123 b/reuters/training/7123
new file mode 100644
index 0000000000000000000000000000000000000000..141005cdec8a29567e6f14d17da6cb5be4a71c90
--- /dev/null
+++ b/reuters/training/7123
@@ -0,0 +1,5 @@
+JIM WALTER CORP 2ND QTR SHR 86 CTS VS 62 CTS
+
+  JIM WALTER CORP 2ND QTR SHR 86 CTS VS 62 CTS
+  
+
diff --git a/reuters/training/7124 b/reuters/training/7124
new file mode 100644
index 0000000000000000000000000000000000000000..8b69dc140ea7c2d1cfc38b1b6bdb058bac72db62
--- /dev/null
+++ b/reuters/training/7124
@@ -0,0 +1,22 @@
+COLOMBIA WILL NOT ATTEND MANAGUA COFFEE MEETING
+  Colombia will not attend a meeting of
+  coffee producing countries scheduled for this weekend in
+  Nicaragua, Jorge Cadenas, manager of the National Coffee
+  Growers' Federation, said.
+      "We prefer to wait until things are better prepared," he told
+  Reuters. He added the meeting could be postponed.
+      Colombia, Brazil and the Central American coffee producing
+  countries were invited to the meeting in Managua to analyze the
+  market situation
+      However, he did not dismiss the idea of dialogue and
+  negotiation in preparation for meetings of the International
+  Coffee Organization.
+      Gilberto Arango, president of Colombia's exporters'
+  association, speaking to Reuters earlier this week, ruled out a
+  fresh Colombian initiative on export quotas saying producers
+  had now to show a common resolve which could emerge from
+  continuous contacts.
+      The International Coffee Organization executive board is to
+  meet in London between March 31 and April 2.
+  
+
diff --git a/reuters/training/7126 b/reuters/training/7126
new file mode 100644
index 0000000000000000000000000000000000000000..26685eb25b8e08205e89ce10da6cb115d2d0aeee
--- /dev/null
+++ b/reuters/training/7126
@@ -0,0 +1,50 @@
+SOVIET FIRM SAYS TALKS ON FOR PHILIPPINE MINE
+  Preliminary talks are on between two
+  state-owned Philippine banks and Soviet metal trading and
+  equipment sales company Tsvetmetpromexport on rescuing Nonoc
+  Mining and Industrial Corp (NMIC) which operates the
+  Philippines' only nickel refinery, a Soviet official said.
+      G.I. Valentchits, Deputy Trade Minister at the Soviet
+  embassy, told Reuters a report earlier this week that
+  Tsvetmetpromexport had asked the Philippine government whether
+  it could help rehabilitate or operate NMIC was incorrect.
+      "It is the other way round," Valentchits said.
+      He said the Development Bank of the Philippines (DBP) and
+  the Philippine National Bank (PNB), which own NMIC, had
+  approached the Soviet state-owned firm in August last year.
+      "We studied the question and asked the banks in which field
+  and what area they can help in the project," Valentchits said.
+      He said there had been no reply yet from NMIC and the talks
+  were "only just initial."
+      NMIC President Arthur Aguilar and other company officials
+  were not available for comment.
+      Manila banking sources said the situation was serious at
+  NMIC, set up by DBP and PNB in August 1984 after the two banks
+  foreclosed on the assets of Marinduque Mining and Industrial
+  Corp over a 17 billion peso obligation.
+      The bankers said NMIC itself has recently filed with the
+  Securities and Exchange Commission (SEC) for placing the
+  company under receivership and the suspension of its debt
+  payments in order to protect it from threats of foreclosure.
+      Business Day newspaper said the latest credits extended to
+  NMIC include a 127 mln dlr loan, with Chemical Bank as the lead
+  agent.
+      The newspaper said another 33 mln dlr loan was lead managed
+  by Citicorp.
+      It said the government's privatisation program has listed
+  NMIC at a price of at least 700 mln dlrs, adding that foreign
+  investors were wary of taking over the ailing nickel firm.
+      The bankers said NMIC was currently burdened with debts of
+  at least 15.8 billion pesos and is facing 10 civil lawsuits for
+  foreclosures from major creditors.
+      The Business Bulletin newspaper said the firm had assets
+  totalling 12.2 billion pesos, while DBP and PNB exposures with
+  the firm were estimated at 14.9 billion pesos.
+      NMIC has not operated its plant in the southern Philippines
+  since March 1986 after workers struck demanding payment of
+  salaries delayed because of the firm's financial difficulties.
+      The firm produced 1,863 tonnes of nickel in the first two
+  months of 1986, compared with 2,364 tonnes in the same period
+  in 1985. The mine's capacity is 2,000 tonnes a month.
+  
+
diff --git a/reuters/training/7128 b/reuters/training/7128
new file mode 100644
index 0000000000000000000000000000000000000000..75dae40bfe4da0715dfa63e7a6833b9dde3bf3d3
--- /dev/null
+++ b/reuters/training/7128
@@ -0,0 +1,19 @@
+JIM WALTER CORP <JWC> 2ND QTR FEB 28 NET
+  Shr 86 cts vs 62 cts
+      Shr diluted 86 cts vs 59 cts
+      Net 28.0 mln vs 18.3 mln
+      Revs 513.5 mln vs 517.0 mln
+      First half
+      Shr 2.03 dlrs vs 1.78 dlrs
+      Shr diluted 2.03 dlrs vs 1.61 dlrs
+      Net 65.9 mln vs 50.0 mln
+      Revs 1.11 billion vs 1.08 billion
+      Avg shrs 32.4 mln vs 28.1 mln
+      Avg shrs diluted 32.4 mln vs 32.4 mln
+      NOTE: 1987 net includes gains of 645,000 dlrs, or two cts a
+  share, in quarter and 12,290,000 dlrs, or four cts a share,
+  from reduced pension expense under new accounting procedures
+      Net in both 1987 periods also includes gain of 4.0 mln
+  dlrs, or 12 cts a share, from sale of land in Alabama.
+  
+
diff --git a/reuters/training/7129 b/reuters/training/7129
new file mode 100644
index 0000000000000000000000000000000000000000..8e6a8035eb75d4c67fcd250baabea6f21ec7df6b
--- /dev/null
+++ b/reuters/training/7129
@@ -0,0 +1,13 @@
+CANADA RETAIL SALES FALL 0.1 PCT IN JANUARY
+  Canada's retail sales, seasonally
+  adjusted, fell 0.1 pct in January after gaining 0.9 pct in
+  December, Statistics Canada said.
+      Retail sales fell to 11.98 billion dlrs from 11.99 billion
+  dlrs in December, 1986. Unadjusted sales were 6.9 pct higher
+  than in January, 1986.
+      In January, automobile sales fell 1.9 pct, department store
+  sales slipped 3.2 pct and variety stores sales plunged 14 pct.
+  The declines were offset by a 5.5 pct increase in grocery store
+  sales and a 9.9 pct gain in hardware sales.
+  
+
diff --git a/reuters/training/7130 b/reuters/training/7130
new file mode 100644
index 0000000000000000000000000000000000000000..f3cbbe44400a767caf9381237fe74efcfaab285e
--- /dev/null
+++ b/reuters/training/7130
@@ -0,0 +1,31 @@
+SCAN-GRAPHICS TO MERGE WITH PUBLIC COMPANY
+  Scan-Graphics Inc said it will be
+  acquired by Captive Venture Capital Inc, a public company,
+  in a stock transaction approved by shareholders of both
+  companies.
+      As a result of the merger, the former shareholders of
+  Scan-Graphics will become the majority shareholders of Captive
+  Venture Capital. The name of the corporation will be changed to
+  Scan-Graphics Inc and its borad of directors will be composed
+  of individuals now on the Scan-Graphics board.
+      Under the terms of the deal, Capitive Venture Capital will
+  issue 1.6 mln shares of restricted convertible preferred stock,
+  convertible into 16 mln shares of common stock, in exchange for
+  all outstanding stock of Scan-Graphics.
+      Upon completing the deal, there will be 2,649,500 common
+  shares of Capitive Venture Capital issued and outstanding, of
+  which 149,500 shares will be held by the public.
+      In addition, there are 95,050 tradeable class A warrants
+  and 100,000 B warrants, each of which entitles the holder to
+  buy 10 shares of common stock at 1.25 dlrs and 1.50 dlrs,
+  respectively, a share.
+      Scan-Graphics makes systems that allow users to convert
+  graphic documents, such as charts, maps and engineering
+  drawings, into computer data that can be displayed, edited and
+  stored by computer.
+      Currently, Captive Venture Capital stock is traded over the
+  counter and will soon trade under the Scan-Graphics name.
+  Application for Nasdaq listing is expected as soon as
+  requirements are met.
+  
+
diff --git a/reuters/training/7132 b/reuters/training/7132
new file mode 100644
index 0000000000000000000000000000000000000000..7911f2b2932cc2e48a64991bc421b37c8cf3c110
--- /dev/null
+++ b/reuters/training/7132
@@ -0,0 +1,6 @@
+WISCONSIN POWER AND LIGHT CO <WPL>VOTES PAYOUT
+  Qtly div 76 cts vs 76 cts prior qtr
+      Pay 15 May
+      Record 30 April
+  
+
diff --git a/reuters/training/7133 b/reuters/training/7133
new file mode 100644
index 0000000000000000000000000000000000000000..895b82954cc3b0dd297f2ccb8f4df4b519330d15
--- /dev/null
+++ b/reuters/training/7133
@@ -0,0 +1,11 @@
+GOODMARK FOODS INC <GDMK> 2ND QTR FEB 22 NET
+  Shr 19 cts vs 18 cts
+      Net 835,000 vs 794,000
+      Sales 23.9 mln vs 20.5 mln
+      Nine mths
+      Shr 47 cts vs 91 cts
+      Net 2,104,000 vs 3,489,000
+      Sales 74.5 mln vs 65.2 mln
+      Avg shrs 4,450,675 vs 3,822,894
+  
+
diff --git a/reuters/training/7135 b/reuters/training/7135
new file mode 100644
index 0000000000000000000000000000000000000000..75da5597dc43d073aa3ed3af3af48c0b87e0345c
--- /dev/null
+++ b/reuters/training/7135
@@ -0,0 +1,100 @@
+ECONOMIC SPOTLIGHT - U.S. DEFICIT WITH NICs
+  The U.S. trade deficit with Taiwan and
+  Korea is expected to widen this year, despite some economic and
+  currency adjustments by the two newly industrialized countries,
+  economists said.
+      "The surpluses that Taiwan and Korea ran with the U.S. in
+  1986 will get bigger. This time next year, the U.S. will be
+  screaming at those countries about their exports," said Steve
+  Cerier of Manufacturers Hanover Trust Co.
+      Taiwan is currently the third biggest exporter to the U.S.
+  after Japan and Canada, while Korea is the seventh largest.
+      Faced with heightened protectionist sentiment in Congress,
+  the Reagan administration has been stepping up the rhetoric
+  against Taiwan and Korea, urging those countries to allow their
+  currencies to appreciate and lift impediments to free trade.
+      The thrust has shifted to those newly industrialized
+  countries (NICs) amid signs the dollar's steep drop against the
+  currencies of Japan and most EC nations -- previously the main
+  focus of the U.S. drive to cut its trade gap -- is beginning to
+  close the competiveness gap for American goods.
+      U.S. Treasury secretary James Baker said recently that he
+  expects a reduction in Japan's trade surplus this year.
+      But U.S. manufacturers still are losing markets on their
+  own doorstep to Taiwan and Korea, whose currencies have not
+  risen as much as the yen and the mark. As major beneficiaries
+  of soft oil prices and with low labor costs, Taiwanese and
+  Korean exporters are well-placed to take up the slack.
+      "In 1986, the fashionable comment in Washington was
+  Japan-bashing. Now it's NIC-bashing," said Robert Chandross, of
+  Lloyds Bank PLC.
+      Asia's four main NICs -- Hong Kong, South Korea, Singapore
+  and Taiwan -- accounted for almost one-fifth of the overall 170
+  billion dlr U.S. merchandise trade deficit for 1986.
+      The U.S. trade gap with Taiwan rose to 15.7 billion dlrs in
+  1986 from 13.1 billion in 1985, while the bilateral trade
+  deficit with South Korea grew to 7.1 billion from 4.8 billion.
+      And preliminary U.S. data show that the growth trend is
+  continuing. The U.S. trade shortfall with Taiwan was 1.6
+  billion dlrs in January, up 24.4 pct from a year earlier. The
+  gap with Korea was 700 mln dlrs, up 24.8 pct from a year ago.
+      Lately both nations have said they will take steps to
+  defuse incipient trade tensions. Korea said it is choosing many
+  of the 122 items on which the U.S. wants it to cut import
+  tariffs in order to deflect pressure for currency revaluation.
+      Still, South Korean trade minister Rha Woong Bae said last
+  week that Korea would maintain a trade surplus for three to
+  five years as a way to cut its 44.5 billion dlr foreign debt.
+      For its part, Taiwan said in January that it will cut
+  tariffs on 1,700 goods sometime in the second half of 1987 and
+  try to diversify exports. But vice economic minister Wang
+  Chien-Shien said last month that he still does not expect
+  Taiwan's trade surplus with the U.S. will fall in 1987.
+      The NICs have made deep inroads into markets for textiles
+  and electronic goods. But Korea is raising its profile in the
+  area of "big-ticket" manufactured goods, notably cars.
+      Korea expects its auto exports -- mostly for North America
+  -- to balloon to 675,000 units in 1987 from zero in 1985.
+      "The NICs' exports are almost all manufactured goods. When
+  their exports rise it hits the heart of the U.S. manufacturing
+  base. It cuts directly to us and to our customers," said Bob
+  Wendt, manager for economic studies at Bethlehem Steel Corp.
+      The U.S. takes 90 pct of Korea's computer products exports,
+  72 pct of its electrical appliances and 65 pct of its
+  telecommunications equipment.
+      A recent study by Morgan Guaranty Trust Co says Taiwan and
+  South Korea are the most pressing trade issue for the U.S.
+      While Hong Kong and Singapore run trade surpluses with the
+  U.S., these are offset by their deficits with other countries.
+      But Taiwan and, to a lesser extent, South Korea, stand in
+  marked contrast. Both of these nations have moved rapidly into
+  large bilateral surplus with the U.S. and major overrall trade
+  and current account surpluses, the Morgan study says.
+      Morgan expects Taiwan's overall trade surplus to grow to
+  18.5 billion dlrs in 1987 from 15.2 billion last year, and
+  Korea's to increase to 6.5 billion dlrs from 3.5 billion.
+      Concern about the NICs is not confined to the U.S.
+      "A lot of Korea and Taiwan's exports to the U.S. have been
+  at Japan's expense," said Richard Koss at General Motors Corp.
+      February's Paris meeting of six major industrial powers
+  exorted NICs to lower trade barriers and revalue currencies.
+      But this two-pronged approach has drawn little response
+  from the two nations so far and, in any case, will only work
+  with a sizeable lag, economists say.
+      The U.S. has not said how much it thinks the Taiwan's and
+  Korea's currencies should climb. The Taiwan dollar, which is
+  pegged to the U.S. dollar, has risen about 15 pct since
+  September 1985 while the Korean won has risen about five pct.
+      But in real terms the Taiwan dollar has been flat against
+  the U.S. unit and the won has lost seven pct, economists say.
+      "We've not seen any lessening of competition from those
+  countries that we can attribute to currency changes," said
+  Bethlehem Steel's Wendt.
+      And so far, U.S. pleas for Taiwan and Korea to use their
+  hefty export earnings to import more have had little effect.
+      Moreover, it is uncertain how far U.S. protectionism will
+  get given the administration's free-trade stance. "It's hard to
+  see that anything will be passed much before year-end. And then
+  the question is, will it have teeth?" one economist said.
+  
+
diff --git a/reuters/training/7136 b/reuters/training/7136
new file mode 100644
index 0000000000000000000000000000000000000000..0e69bd14112640b93fd1551e3d6a7d9929fba312
--- /dev/null
+++ b/reuters/training/7136
@@ -0,0 +1,14 @@
+RANK XEROX <XRX> TO SELL SOUTH AFRICAN UNIT
+  Xerox Corp's U.K. unit, Rank Xerox
+  Ltd, said it agreed in principle to sell its South African
+  company, Rank Xerox South Africa Pty Ltd, to <Altron Group's>
+  Fintech unit.
+      Terms of the deal were not disclosed.
+      Altron said the acquisition was key to making Fintech an
+  office systems company.
+      The South African Rank Xerox unit sells copiers and
+  duplicators throughout South Africa and in Namibia (South West
+  Africa). It has over 800 employees, all of whom will be
+  retained by Fintech when the deal closes, Rank Xerox said.
+  
+
diff --git a/reuters/training/7139 b/reuters/training/7139
new file mode 100644
index 0000000000000000000000000000000000000000..9bd619bf4ecb48e176389c5ebbedd59281196ce6
--- /dev/null
+++ b/reuters/training/7139
@@ -0,0 +1,15 @@
+COUNTRYWIDE CREDIT INDUSTRIES INC <CCR> 4TH QTR
+  Feb 28 end
+      Shr 44 cts vs 16 cts
+      Shr diluted 37 cts vs 16 cts
+      Net 5,378,000 vs 1,987,000
+      Revs 26.8 mln vs 14.6 mln
+      Avg shrs 12.4 mln vs 12.1 mln
+      Shr 1.26 dlrs vs 45 cts
+      Shr diluted 1.10 dlrs vs 45 cts
+      Net 15.5 mln vs 5,401,000
+      Revs 80.3 mln vs 46.4 mln
+      NOTE: Share adjusted for stock dividends declared through
+  today.   
+  
+
diff --git a/reuters/training/714 b/reuters/training/714
new file mode 100644
index 0000000000000000000000000000000000000000..26a93b19a038ed9c1813518a3613f55313bc246d
--- /dev/null
+++ b/reuters/training/714
@@ -0,0 +1,78 @@
+TALKING POINT/VIACOM INTERNATIONAL <VIA>
+  A bidding war for Viacom International
+  Inc, one of the largest U.S. entertainment companies, pitted a
+  management group and other investors against National
+  Amusements Inc, a closely held theater operator.
+      Both sides raised their bids over the weekend. A source
+  close to the management side insisted that timing was on his
+  side. He said if outside directors approve the management
+  proposal, a merger plan could be put to a vote of shareholders
+  with proxy material going out late this week. "It would take 20
+  days from the day we mail," said the source.
+      The source predicted National Amusements, controlled by
+  investor Sumner Redstone, would need "half a year" to complete
+  a tender offer because of the regulatory approvals that must
+  accompany any change in control of Viacom's broadcast licenses
+  and cable television franchises.
+      Redstone was not available for comment.
+      Some of Wall Street's arbitrage players said it was a rare
+  situation that could only be enjoyed - a true bidding war. One
+  said Redstone could begin a tender offer whenever he wanted and
+  if enough people were convinced his proposal was superior to
+  the Viacom management plan, he would have a chance to win.
+      The independent directors of Viacom were called into a
+  meeting today. Word on a decision was expected early tomorrow.
+      Viacom shares climbed 2-1/2 to 50-3/8 by midafternoon. One
+  major Wall Street firm issued a sell recommendation. "We think
+  we're at the end now, in terms of bidding," said the firm's
+  arbitrageur, who spoke on condition he not be identified.
+      Both Redstone's proposal and the management proposal would
+  create a restructured company heavily leveraged with debt. The
+  management plan would result in a balance sheet with about 2.5
+  billion dlrs in debt and nearly 500 mln dlrs in preferred
+  stock, convertible into 45 pct of the common stock.
+      Redstone's newest proposal offers holders 42 dlrs in cash,
+  a fraction of a share of exchangeable preferred stock with a
+  value of 7.50 dlrs, and one-fifth of a share of common stock
+  stock of Arsenal Holdings, representing 20 pct of the equity
+  interest in the restructured Viacom. One arbitrageur calculated
+  the equity in the Redstone plan was worth 2.50 dlrs making the
+  total package worth 52 dlrs per share.
+      Management offered 38.50 dlrs in cash, exchangeable
+  preferred stock worth 8.50 dlrs and a fractional share of
+  convertible preferred. The arbitrageur said the equity portion
+  was worth about 4.00 dlrs for a total of 51 dlrs.
+      Redstone's newest plan raised the amount of interest he
+  would pay on the cash portion of his offer for every day beyond
+  April 30 that a merger with Arsenal is not consummated. The
+  plan calls for intest to be paid at an annual rate of nine pct
+  during May and 12 pct thereafter. Previously Redstone offered
+  eight pct interest.
+      Other arbitrageurs said both Redstone and the management
+  group, led by president and chief executive Terrence Elkes,
+  were offering high prices. "Redstone really wants to own the
+  company," one said. Another said management seemed to have the
+  edge on the timing issue.
+      Redstone's company owns 19.6 pct ov Viacom's 35 mln shares.
+      A Wall Street analyst said it was hard to determine what
+  the equity in the newly leveraged company would be worth. He
+  noted as an example that new stock in FMC Corp <FMC>, which
+  adopted a highly leveraged structure last year, inititally
+  traded at 12.50 dlrs per share, dipped to nine dlrs, and is now
+  just over 30 dlrs.
+      Last week, Viacom reported fourth quarter earnings fell two
+  two cts per share from 23 cts. The company said interest costs
+  from several acquisitions affected results.
+      Shares of Warner Communications Inc <WCI> rose 7/8 to
+  31-1/8. Analysts noted Warner owns warrants to purchase 3.25
+  mln Viacom shares at 35 dlrs and another 1.25 mln shares at
+  37.50 dlrs.
+      Chris Craft Industries <CCN>, which owns a stake in Warner,
+  rose 1-1/4 to 22-3/4.
+      Viacom was created in 1970 and spun off from CBS Inc <CBS>.
+  The company has 940,000 cable television subscribers, operates
+  nine satellite television services and owns television and
+  radio stations. It is one of the largest distributors of films
+  and other programs for television.
+  
+
diff --git a/reuters/training/7141 b/reuters/training/7141
new file mode 100644
index 0000000000000000000000000000000000000000..5bd29b651c44ea9d246e4587f8939bd9fb55d2c4
--- /dev/null
+++ b/reuters/training/7141
@@ -0,0 +1,10 @@
+COUNTRYWIDE CREDIT <CCR> SETS HIGHER DIVIDEND
+  Countrywide Credit Industries
+  Inc said its board declared an eight ct per share quarterly
+  dividend, up from seven cts last quarter, and a two pct stock
+  dividend.
+      The cash dividend is payable April 14 to holders of record
+  March 30 and the stock dividend is payable April 17 to holders
+  of record March 31.
+  
+
diff --git a/reuters/training/7143 b/reuters/training/7143
new file mode 100644
index 0000000000000000000000000000000000000000..e23d5d79a7295807feee53d6098b021924cff6be
--- /dev/null
+++ b/reuters/training/7143
@@ -0,0 +1,33 @@
+MADAGASCAR COFFEE PRODUCTION SEEN LOWER IN 1987
+  Madagascar's available coffee
+  output is estimated at 80,725 tonnes this year, down from
+  82,210 in 1986, due to a rundown of government agricultural
+  services and the poor state of feeder roads in rural areas,
+  Agriculture Ministry sources said.
+      This is after accounting for the loss of some 15,000 to
+  20,000 tonnes due to the transport problems in the countryside,
+  they said.
+      The sources did not give an estimate for exports in 1987,
+  but they noted that shipments declined to 37,200 tonnes last
+  year from 41,662 in 1985.
+      Low yields from the country's ageing coffee plantations and
+  prevalence of the fungal disease Hemileia Vastatrix also
+  contributed to the poor performance, the sources said.
+      They pointed out that 52 pct of Madagascar's coffee bushes
+  were planted before 1930.
+      The sources said Madagascar was still a long way from
+  reaching the production target of 110,000 tonnes per year and
+  the export target of 63,000 tonnes outlined in the government's
+  1986-1990 five-year plan.
+      In order to reverse the decline in coffee production, the
+  government has decided to plant 20,000 hectares with
+  high-yielding arabica and canephora varieties, the sources
+  said.
+      The planting programme will begin this year and is aimed at
+  producing 300 to 360 kilos per hectare of beans with a low
+  caffeine content.
+      The sources added that Madagascar's plan to export roasted
+  coffee has failed to take off due to packaging problems. Only
+  650 tonnes of roasted coffee were exported last year.
+  
+
diff --git a/reuters/training/7146 b/reuters/training/7146
new file mode 100644
index 0000000000000000000000000000000000000000..3aeb8ebc78b763c15daa770e9bb230864b6aa5f9
--- /dev/null
+++ b/reuters/training/7146
@@ -0,0 +1,6 @@
+EXCEL INDUSTRIES INC <EXC> BOOSTS DIVIDEND
+  Qtly div nine cts vs eight cts prior qtr
+      Pay 20 April
+      Record 3 April
+  
+
diff --git a/reuters/training/7148 b/reuters/training/7148
new file mode 100644
index 0000000000000000000000000000000000000000..f78c37b08aa3b7fbfabaded6af903080d48a4f4d
--- /dev/null
+++ b/reuters/training/7148
@@ -0,0 +1,6 @@
+BAKER, FENTRESS AND CO <BKFR> VOTES DIVIDEND
+  Qtly div 25 cts vs 25 cts prior qtr
+      Payable 10 June
+      Record 15 May
+  
+
diff --git a/reuters/training/7149 b/reuters/training/7149
new file mode 100644
index 0000000000000000000000000000000000000000..e40d692fc5c6ad94797314368019e0a94343c687
--- /dev/null
+++ b/reuters/training/7149
@@ -0,0 +1,13 @@
+AMCAST <ACST> COMPLETES SALE OF NEWMAN DIVISION
+  Amcast Industrial Corp said it
+  completed the sale of its Newman Division to Newman
+  Manufacturing Inc, a new company formed by Newman's employees.
+      The sale price was not disclosed.
+      Amcast said Newman's Kendallville, Indiana plant is one of
+  the country's largest producers of gray iron castings for the
+  automotive and commercial air conditioning and refrigeration
+  industries. It said the plant employs 300 people.
+      Amcast said it decided to sell the division to move out of
+  the gray iron castings business.
+  
+
diff --git a/reuters/training/715 b/reuters/training/715
new file mode 100644
index 0000000000000000000000000000000000000000..5266c8e97b9589edfd41e3ee3c739d8238da23ed
--- /dev/null
+++ b/reuters/training/715
@@ -0,0 +1,15 @@
+UP-RIGHT INC <UPRI> 4TH QTR OPER NET
+  Oper shr five cts vs 29 cts
+      Oper net 151,000 vs 867,000
+      Revs 12.7 mln vs 14.1 mln
+      Year
+      Oper shr 87 cts vs 52 cts
+      Oper net 2,650,000 vs 1,565,000
+      Revs 54.7 mln vs 49.1 mln
+      Note: oper data does not include 4th qtr 1986 extraordinary
+  credit of 14,000 dlrs or 4th qtr 1985 extraordinary loss of
+  139,000 dlrs, or five cts per shr. For year, does not include
+  extraordinary credit of 92,000 dlrs, or three cts per shr, in
+  1986 and 161,000 dlrs, or five cts per shr, in 1985.
+  
+
diff --git a/reuters/training/7150 b/reuters/training/7150
new file mode 100644
index 0000000000000000000000000000000000000000..c52cfab13c8b60ed110d553b2b57cfe73553c4b0
--- /dev/null
+++ b/reuters/training/7150
@@ -0,0 +1,29 @@
+U.S. ENERGY SECRETARY RULES OUT GASOLINE TAX
+  Energy Secretary John Herrington
+  said he would rule out a tax on gasoline as one option to help
+  avert what his departmet has called the threat of increased
+  reliance on foreign oil in the coming years.
+      He said at a news conference that any recommendation he
+  would make would have to increase domestic production, not
+  cause widespread economic hardship and have a minimal cost to
+  the U.S. taxpayer.
+      On the grounds of increasing production, he said, "I would
+  rule out a gasoline tax."
+      Herrington also repeated he would rule out an oil import
+  fee because of the widespread dislocation it would cause -- the
+  loss of about 400,000 jobs nationwide due to higher oil prices
+  and a drop in the gross national product by about 32 billion
+  dlrs.
+      He said an increased depletion allowance, to 27.5 pct, on
+  new and enhanced production of oil and natural gas would be a
+  cheap way to spur domestic production.
+      He estimated this cost at about 200 mln dlrs a year.
+      Herrington proposed the increased depletion allowance to
+  the White House Tuesday but the White House reaction was cool.
+      The White House said it would study the proposal, but was
+  generally oppposed to altering the national tax code, just
+  passed last year.
+      Herrington, asked his reaction to the White House reaction,
+  said, "If I were the White House, I would be cool, too."
+  
+
diff --git a/reuters/training/7152 b/reuters/training/7152
new file mode 100644
index 0000000000000000000000000000000000000000..37d5a31a932afa2d8f60d7861ec1ff87b461f1be
--- /dev/null
+++ b/reuters/training/7152
@@ -0,0 +1,5 @@
+U.S. ENERGY CHIEF RULES OUT GASOLINE TAX AS WAY TO AVERT PENDING OIL CRISIS
+
+  U.S. ENERGY CHIEF RULES OUT GASOLINE TAX AS WAY TO AVERT PENDING OIL CRISIS
+  
+
diff --git a/reuters/training/7154 b/reuters/training/7154
new file mode 100644
index 0000000000000000000000000000000000000000..9a8bec93023e38d137ed8240b480ed3eb6db7c88
--- /dev/null
+++ b/reuters/training/7154
@@ -0,0 +1,23 @@
+USDA ASKS TIGHT INSECT RULES FOR GRAIN SHIPMENTS
+  The U.S. Agriculture Department is
+  proposing tighter federal standards setting allowable limits on
+  insect infestations in grain shipments.
+      The changes in the standards would include the following:
+      -- Establishing equal tolerances for the number of live
+  insects in shipments of food grains, feed grains and oilseeds.
+      -- Revising the definition of "infested" to give equal value
+  to all insects injurious to grain.
+      -- Establishing lower levels of infestations. In 1988, the
+  infested level would be set at three or more live insects per
+  representative sample (about 100 grams), in 1990 two or more
+  insects, and in 1992 the final infestattion level would be set
+  at one or more live insects per representative sample.
+      -- Revising the definition of sample grade by adding a
+  limit of 10 live or dead insects per sample.
+      -- Revising the definition of sample grade for wheat by
+  adding a limit of 32 insect-damaged kernels per 100 grams of
+  wheat.
+      The department asked for public comments on the proposals
+  by April 17.
+  
+
diff --git a/reuters/training/7155 b/reuters/training/7155
new file mode 100644
index 0000000000000000000000000000000000000000..4f4ed6aa3a71e79f74e6eb3eeec799a726831e43
--- /dev/null
+++ b/reuters/training/7155
@@ -0,0 +1,38 @@
+PILLSBURY <PSY> HURT BY RESTAURANT OPERATIONS
+  Pillsbury Corp, reporting lower
+  earnings for the third quarter ended February 28, said a strong
+  performance by its Foods Group was offset by Restaurants Group
+  declines.
+      Excluding unusual items, it said restaurants operating
+  profit was down in the quarter 12 pct from a year ago as sales
+  rose four pct.
+      It said Burger King USA and Bennigan's reported higher
+  operating profit, but profits fell sharply at Steak and Ale,
+  which introduced a new menu.
+      Pillsbury also reported lower profits at Distron, Burger
+  King's distribution arm, and said increased investment spending
+  on developing concepts - QuikWok, Bay Street and Key West Grill
+  - hurt results.
+      It said Foods operating profit, excluding unusual items,
+  rose 10 pct with international operations and domestic breads
+  and baking products major contributors to improvement in the
+  quarter.
+      A turnaround in grain merchandising was a major factor in
+  profit improvement for the nine months, Pillsbury said.
+      Pillsbury said corporate expense showed a 4.3 mln dlr
+  profit in the quarter reflecting a 10.5 mln dlr gain on the
+  sale of a joint interest in an Australian food company and
+  lower corporate expenses, largely as a result of an early
+  retirement program initiated a year ago.
+      Earlier, Pillsbury reported fourth quarter earnings of 48.5
+  mln dlrs, or 56 cts a share, down from 55.4 mln dlrs, or 63 cts
+  a share a year ago. Sales advanced to 1.53 billion dlrs from
+  1.46 billion dlrs.
+      Pillsbury said loss of investment tax credits under the
+  1986 Federal Tax Reform Act reduced per-share earnings by nine
+  cts in the quarter and 19 cts in the nine months.
+      As a result of the act, it said its effective income tax
+  rate rose eight points to 48.1 pct in the quarter and 5.5
+  percentage points to 49.7 pct for the nine months.
+  
+
diff --git a/reuters/training/7157 b/reuters/training/7157
new file mode 100644
index 0000000000000000000000000000000000000000..cdae3ab885f72d751b904d60fb1ca6bfb0788680
--- /dev/null
+++ b/reuters/training/7157
@@ -0,0 +1,11 @@
+AGENCY RENT-A-CAR INC <AGNC> 4TH QTR JAN 31 NET
+  Shr 26 cts vs 21 cts
+      Net 5,553,000 vs 4,307,000
+      Revs 45.1 mln vs 34.2 mln
+      Year
+      Shr 86 cts vs 67 cts
+      Net 18.2 mln vs 14.0 mln
+      Revs 161.1 mln vs 118.3 mln
+      NOTE: Share adjusted for stock dividends.
+  
+
diff --git a/reuters/training/7158 b/reuters/training/7158
new file mode 100644
index 0000000000000000000000000000000000000000..1bd94a29f1fb044106df9b7e59f6f910dad70d20
--- /dev/null
+++ b/reuters/training/7158
@@ -0,0 +1,9 @@
+AGENCY RENT-A-CAR <AGNC> SETS STOCK DIVIDEND
+  Agency Rent-A-Car Inc said its board
+  declared a five pct stock dividend, payable May 22 to holders
+  of record on May 8.
+      The company also said it plans to increase the size of its
+  rental fleet in the year ending January 31 by 20 to 25 pct and
+  expand its rental office network.
+  
+
diff --git a/reuters/training/7159 b/reuters/training/7159
new file mode 100644
index 0000000000000000000000000000000000000000..d1a9d9cef4d6938b5c7e709f11a358c42785771f
--- /dev/null
+++ b/reuters/training/7159
@@ -0,0 +1,11 @@
+FED EXPECTED TO TAKE NO MONEY MARKET ACTION
+  The Federal Reserve is expected to
+  refrain from reserve-management intervention in the U.S.
+  Government securities market, economists said.
+      If the Fed does act, however, they said it would be likely
+  to add temporary reserves indirectly by arranging around 1.5
+  billion dlrs of customer repurchase agreements.
+      Federal funds, which averaged 5.97 pct yesterday, opened at
+  six pct and remained there in early trading.
+  
+
diff --git a/reuters/training/7160 b/reuters/training/7160
new file mode 100644
index 0000000000000000000000000000000000000000..22e5ff52da3d83e77506aedbabf01f360c91d01c
--- /dev/null
+++ b/reuters/training/7160
@@ -0,0 +1,10 @@
+ASCS SEEKS OFFERS TO PROCESS CCC ROUGH RICE
+  The Agricultural Stabilization and
+  Conservation Service (ASCS) is seeking offers to process rough
+  rice owned by the Commodity Credit Corporation (CCC) and
+  deliver about 27.0 mln pounds of milled rice for export
+  shipment May 6-20 and May 21-June 5, an ASCS spokesman said.
+      Offers must be received by 1300 CDT April 7, and successful
+  offerors will be notified April 10.
+  
+
diff --git a/reuters/training/7161 b/reuters/training/7161
new file mode 100644
index 0000000000000000000000000000000000000000..29372e0cd67da779faeb5f3c2d046f7c8d0fc674
--- /dev/null
+++ b/reuters/training/7161
@@ -0,0 +1,52 @@
+EC MINISTERS AGREE NEED FOR BIG STEEL CLOSURES
+  European Community (EC) industry
+  ministers today declared there is a need for a massive round of
+  closures of steel plants to bring capacity in the 12-country
+  bloc into reasonable balance with demand.
+      The ministers were meeting to discuss a plan for voluntary
+  plant closures drawn up by the industry lobby group Eurofer
+  which it calculates would cost around 22,000 jobs.
+      Diplomats said that in their initial reactions to the
+  scheme, most ministers declared it was a useful basis for
+  discussion, but did not go nearly far enough.
+      Eurofer says it has identified scope for the closure of
+  plants which have an annual capacity of 15.26 mln tonnes,
+  provided the companies concerned can be fully repaid by the EC
+  or national governments for redundancy and other social costs.
+      But EC Executive Commission sources said Industry
+  Commissioner Karl-Heinz Narjes told ministers today that 30 mln
+  tonnes of annual capacity was excess to requirements and should
+  be closed by the end of 1990.
+      He said the Eurofer plan in particular fails to pinpoint
+  the scope for closure in heavy hot-rolled wide-strip products,
+  typically produced in plants employing thousands of people.
+      The sources said no minister challenged Narjes' analysis
+  that four or five hot-rolled wide-strip lines would have to
+  close.
+      They said ministers agreed that the Eurofer plan should be
+  expanded and developed through meetings among the industry
+  body, the Commission and representatives of member states.
+      However, diplomats said it was clear from today's
+  discussions that such meetings will be difficult.
+      They said member states are split on whether to reduce the
+  scope of a quota production system, which at present protects
+  EC steelmakers from the full force of competition for 65 pct of
+  their products, while talks on the closure plan proceed.
+      It was also clear that there will be tough talks on which
+  EC member states should bear the brunt of the closures and on
+  how much funding for help to those thrown out of work should
+  come from Community coffers.
+      German minister Martin Bangemann said his country's steel
+  industry, the largest in the EC, should not suffer
+  proportionately more than others, German sources said.
+      But British diplomats said their minister, Giles Shaw,
+  insists that the profitability of companies should be taken
+  into account.
+      The state owned British Steel Corporation, benefitting from
+  massive recent write-offs of its accumulated debts, is
+  currently one of the few EC steel companies in the black.
+      Ministers were this afternoon trying to agree a joint
+  statement on the Eurofer plan and the situation in the
+  industry.
+  
+
diff --git a/reuters/training/7166 b/reuters/training/7166
new file mode 100644
index 0000000000000000000000000000000000000000..0d63e78e1d0e3d2eaed681b74ebe7f013f5066b8
--- /dev/null
+++ b/reuters/training/7166
@@ -0,0 +1,11 @@
+MURGOLD RESOURCES <MGDVF> DETAILS ASSAYS
+  Murgold Resources Inc said assays
+  received from 320 feet of drifting on the number-three vein at
+  the Chester Township property south of Timmins, Ontario,
+  indicate an average of 0.528 ounce of gold per ton across an
+  average width of five feet for the 320-foot length.
+      The last working face assayed 0.422 ounce of gold per ton
+  across 8.5 feet and the drift will be continued eastward from
+  that point, the company said.
+  
+
diff --git a/reuters/training/7167 b/reuters/training/7167
new file mode 100644
index 0000000000000000000000000000000000000000..35cbf51078b348bdeafbe5e8782822054928c655
--- /dev/null
+++ b/reuters/training/7167
@@ -0,0 +1,8 @@
+(CORRECTED) - FEDERAL PAPER BOARD CO <FBO> PAYOUT
+  Qtly div 17.5 cts vs 17.5 cts in prior qtr
+      Payable April 15
+      Record March 31
+      (Company corrects amount of previous payment in MARCH 18
+  item to show there was no change)
+  
+
diff --git a/reuters/training/7168 b/reuters/training/7168
new file mode 100644
index 0000000000000000000000000000000000000000..802cdfc8d235c67b3485c4bff9cb0dec4273ea17
--- /dev/null
+++ b/reuters/training/7168
@@ -0,0 +1,8 @@
+ALCOA <AA> TO SELL AMERICAN POWDERED METALS
+  Aluminum Co of America said it has
+  signed a letter of intent to sell its American Powdered Metals
+  Co subsidiary to R.W. Technology Inc for undisclosed terms,
+  with completion expected in early May.
+      American Powdered makes metal parts for various industries.
+  
+
diff --git a/reuters/training/7174 b/reuters/training/7174
new file mode 100644
index 0000000000000000000000000000000000000000..32b52c4e476cfbaa89e78d2734852ba4fd75f0ae
--- /dev/null
+++ b/reuters/training/7174
@@ -0,0 +1,42 @@
+BRITOIL SEES LOWER U.K. EXPLORATION EXPENDITURE
+  Britoil Plc's <BTOL.L> exploration
+  expenditure for the U.K. In 1987 was likely to be only about a
+  third of the level in 1986, though overseas expenditure would
+  remain approximately the same, Chief executive David Walker
+  said.
+      He told reporters following the release of the company's
+  1986 figures that project expenditure would also remain at 1986
+  levels.
+      U.K. Project expenditure in 1986 rose to 208 mln stg from
+  184 mln while exploration expenditure dropped to 87 mln from
+  156 mln. Overseas exploration fell to 28 mln from 58 mln in
+  1985.
+      Earlier, Britoil posted a drop in pretax profit for 1986 to
+  134 mln stg from 759 mln in 1985, before an extraordinary
+  charge of 50 mln stg on the company's U.S. Assets. The results
+  were slightly better than analysts forecast and the share
+  firmed to 231p from 222p at last night's close. Chairman Sir
+  Philip Shelbourne said the collapse in the oil price in 1986
+  had made the period extremely difficult but the company had
+  come through remarkably well.
+      Provided the recovery in oil prices was maintained, the
+  conditions would be right for a substantially improved
+  performance this year.
+      He added that the firmness of oil prices in March, when
+  they were normally weaker, made him "a bit encouraged" about the
+  prospects for future levels.
+      Walker added that Britoil would feel confident if the price
+  stayed within a band of 15 dlrs to 20 dlrs a barrel.
+      Britoil had received some 100 responses to its announcement
+  of a desire to sell the assets and was asking for bids by the
+  latter part of April.
+      End-year reserves rose to 603 mln barrels of oil compared
+  with 503 mln previously. However, Walker noted that this
+  included a revised definition of reserves.
+      If 1985 figures were restated along the same lines, the
+  reserve figure would show a drop from 720 mln barrels
+  previously.
+      Gas reserves also eased to 3,568 billion cubic feet from a
+  restated 3,660 billion.
+  
+
diff --git a/reuters/training/7177 b/reuters/training/7177
new file mode 100644
index 0000000000000000000000000000000000000000..a02c5a529777e0afcc4c6486ad87c8d817cba4ba
--- /dev/null
+++ b/reuters/training/7177
@@ -0,0 +1,15 @@
+U.K. REVISES RETAIL PRICE INDEX FROM FEBRUARY
+  The U.K. Government tomorrow will
+  release the first of its Retail Price Index (RPI) figures
+  calculated on a revised group of components and rebased on
+  January 1987, as previously announced, the Employment
+  Department said.
+      The index, Britain's measure of inflation, is for February.
+  Earlier data will not be revised as there are no equivalent
+  figures including the new components, a spokesman said.
+      Previously, the RPI base was January, 1974.
+      Market forecasts centre on a 0.4-0.5 pct monthly rise in
+  February and a year on year rate about 4.0 pct. The government
+  forecasts annual inflation will be 4.0 pct at the end of 1987.
+  
+
diff --git a/reuters/training/718 b/reuters/training/718
new file mode 100644
index 0000000000000000000000000000000000000000..7a52c22b803f8bba2db28b830e8aa1007286450c
--- /dev/null
+++ b/reuters/training/718
@@ -0,0 +1,41 @@
+TALKS SHOW NEW CANADIAN CONFIDENCE, GROUP SAYS
+  Canada's decision to raise the issue
+  of a free trade pact with the U.S. was a sign of what many see
+  as a new spirit of Canadian self-confidence, a public policy
+  study group said 
+      "It suggests the Canada of the immediate post-war period,
+  when it was a major player in the process of building a postwar
+  world," the Washington-based Atlantic Council said.
+      U.S. and Canadian negotiators opened talks last summer
+  aimed at dismantling trade barriers between the two countries,
+  the world's biggest trading partners with crossborder shipments
+  of about 150 billion dlrs annually.
+      The council's study said the trade talks, with a deadline
+  of October for an agreement, are the biggest issue in
+  U.S.-Canadian relations.
+     The study said liberalized trade between the two countries
+  would improve the competitiveness of their economies in world
+  markets and lessen trade irritants which now mar their ties.
+      The council said "in the past most Canadians have shied away
+  from the notion of a free-trade arrangement, fearing to be
+  overwhelmed economically and politically by a closer
+  association with a country 10 times their size in population."
+      But at the same time, it added, Canadians realized their
+  domestic market was too small to permit the mass production and
+  sales needed to raise productivity to the level demanded by an
+  increasingly competitive world.
+      The council said that in the talks, Canada is chiefly
+  interested in minimizing the imposing of U.S. duties against 
+  allegedly subsidized exports.
+      A recent example was the 15 per cent duty the U.S. imposed
+  on Canadian lumber exports on grounds the shipments were being
+  subsidized.
+      The council said the chief U.S. concerns included ending
+  curbs against U.S. banking, insurance, telecommunications, and
+  the so-called "cultural industries" - publishing, broadcasting
+  and films.
+      It said other major U.S.-Canadian issues were defense
+  cooperation, "acid rain" and the U.S. rejection of a Canadian
+  assertion of sovereignty over waters of the Northwest Passage.
+  
+
diff --git a/reuters/training/7184 b/reuters/training/7184
new file mode 100644
index 0000000000000000000000000000000000000000..f436ac3aa598e8130b83871f0c91cf2d71dfaf4e
--- /dev/null
+++ b/reuters/training/7184
@@ -0,0 +1,13 @@
+SAND TECHNOLOGY SYSTEMS <SNDCF> 2ND QTR NET
+  ended January 31
+      Shr nil vs nil
+      Net profit 351,000 vs loss 243,000
+      Sales 7,050,000 vs 7,012,000
+      Avg shrs 106,780,000 vs 93,666,000
+      Six mths
+      Shr loss one ct vs loss one ct
+      Net loss 999,000 vs loss 563,000
+      Sales 10.6 mln vs 13.0 mln
+      Avg shrs 106,641,000 vs 92,986,000
+  
+
diff --git a/reuters/training/7185 b/reuters/training/7185
new file mode 100644
index 0000000000000000000000000000000000000000..3a4ffb1e5f8842f7510e03bea64564426b2ec110
--- /dev/null
+++ b/reuters/training/7185
@@ -0,0 +1,9 @@
+RYAN'S FAMILY STEAK HOUSE <RYAN> SETS SPLIT
+  Ryan's Family Steak Houses Inc
+  said its board declared a three-for-one stock split, payable
+  May 20 to holders of record May 6.
+      The company said the split is subject to shareholder
+  approval of an increase in authorized shares to 100 mln from 20
+  mln at the April 22 annual meeting.
+  
+
diff --git a/reuters/training/7188 b/reuters/training/7188
new file mode 100644
index 0000000000000000000000000000000000000000..31cbe60ede1630aa47fd2ee8be3d7645511f17c6
--- /dev/null
+++ b/reuters/training/7188
@@ -0,0 +1,5 @@
+ French official reserves 388.68 billion francs at end Feb vs 375.95 billion end Jan
+
+   French official reserves 388.68 billion francs at end Feb vs 375.95 billion end Jan
+  
+
diff --git a/reuters/training/7189 b/reuters/training/7189
new file mode 100644
index 0000000000000000000000000000000000000000..3b41865de44adc45fc09e2a7d7baa157300b5306
--- /dev/null
+++ b/reuters/training/7189
@@ -0,0 +1,6 @@
+INERTIA DYNAMICS <TRIM> TO PAY STOCK DIVIDEND
+  Inertia Dynamics Corp said it
+  declared a 50 pct stock dividend, payable May 1 to shareholders
+  of record April 3.
+  
+
diff --git a/reuters/training/7190 b/reuters/training/7190
new file mode 100644
index 0000000000000000000000000000000000000000..88b9a955e964f9c714fc7cbd406d54160a6036d7
--- /dev/null
+++ b/reuters/training/7190
@@ -0,0 +1,10 @@
+CSP INC <CSPI> 2ND QTR FEB 28 NET
+  Shr one ct vs 21 cts
+      Net 24,000 vs 612,000
+      Sales 2,061,000 vs 3,914,000
+      1st half
+      Shr eight cts vs 43 cts
+      Net 223,000 vs 1,220,000
+      Sales 4,584,000 vs 7,912,000
+  
+
diff --git a/reuters/training/7191 b/reuters/training/7191
new file mode 100644
index 0000000000000000000000000000000000000000..8ae7d8e3a50d69b66a09d1c896fed4f434088aab
--- /dev/null
+++ b/reuters/training/7191
@@ -0,0 +1,7 @@
+PUBLISHERS EQUIPMENT CORP <PECN> YEAR NET
+  Shr profit eight cts vs loss 23 cts
+      Net profit 251,000 vs loss 731,000
+      Revs 29.1 mln vs 25.9 mln
+      Backlog 18.9 mln vs 12.5 mln
+  
+
diff --git a/reuters/training/7192 b/reuters/training/7192
new file mode 100644
index 0000000000000000000000000000000000000000..345f97b733bfd6b835bed18f66848c4addb2116f
--- /dev/null
+++ b/reuters/training/7192
@@ -0,0 +1,13 @@
+CAVALIER HOMES INC <CAVH> 4TH QTR NET
+  Shr 10 cts vs 14 cts
+      Net 191,465 vs 193,799
+      Sales 7,160,945 vs 6,576,670
+      Avg shrs 2,000,565 vs 1,400,000
+      Year
+      Oper shr 33 cts vs 50 cts
+      Oper net 605,725 vs 694,785
+      Sales 23.3 mln vs 22.1 mln
+      Avg shrs 1,840,692 vs 1,400,000
+      NOTE: 1985 year net excludes 30,000 dlr tax credit.
+  
+
diff --git a/reuters/training/7193 b/reuters/training/7193
new file mode 100644
index 0000000000000000000000000000000000000000..2b41fc8c85c3e1b6b1d4b13213c81791fb6b20e5
--- /dev/null
+++ b/reuters/training/7193
@@ -0,0 +1,13 @@
+COLONIAL COMMERCIAL CORP <CCOM> 4TH QTR NET
+  Shr not given
+      Oper net profit 405,914 vs loss 145,380
+      Revs 2,446,901 vs 1,295,187
+      Year
+      Shr not given
+      Oper net profit 1,211,465 vs loss 178,101
+      Revs 9,085,222 vs 4,995,735
+      NOTE: Earnings from 1983 on benefit preferred shareholders
+  until preferred shareholders' equity equals or exceeds
+  liquidating and mandatory redemption values.
+  
+
diff --git a/reuters/training/7196 b/reuters/training/7196
new file mode 100644
index 0000000000000000000000000000000000000000..ae8ded8aaa1eb39a5791c8fa2c33c5b4cb78a10e
--- /dev/null
+++ b/reuters/training/7196
@@ -0,0 +1,25 @@
+PANAMA CANAL OFFICIAL CONFIRMS NO 1988 TOLL RISE
+  Panama Canal toll charges will not rise
+  in the year to end-September 1988, despite last October's
+  landslide which dumped 0.5 mln cubic yards of debris into the
+  waterway, Canal Commission Administrator Dennis McAuliffe said.
+      He told a press conference that in confirming the
+  Commission's earlier announcement of unchanged tolls for 1988,
+  he was not necessarily implying there would be a rise in 1989.
+      The canal would probably make a five to six mln dlr loss in
+  the current financial year but this could be carried over and
+  met from next year's revenues.
+      This year's deficit resulted from the landslide which cost
+  the canal about 15 mln dlrs, McAuliffe said. This included
+  eight to nine mln dlrs in immediate costs with the rest being
+  spent on earth-moving operations to prevent any further
+  landslides.
+      He said the landslide was not caused by deforestation and
+  he described as grossly exaggerated reports that there was any
+  threat to the canal's water supply in the foreseeable future.
+      Studies concerning the possibility of widening the Gaillard
+  cut would not be affected by the landslide, he said, adding
+  that he expected the canal board to determine whether and when
+  the canal needed widening by January 1988 at the latest.
+  
+
diff --git a/reuters/training/7199 b/reuters/training/7199
new file mode 100644
index 0000000000000000000000000000000000000000..deda234c359a8018dc98c31e16665e4c0bfb6d12
--- /dev/null
+++ b/reuters/training/7199
@@ -0,0 +1,7 @@
+RICHARDSON <RELL>TO BUY ITALIAN SEMICONDUCTOR FIRM
+  Richardson Electronics Ltd said it
+  agreed to buy for undisclosed terms, G.E.B., Giant Electronics
+  Brand, a Florence, Italy-based distributor of electron tubes
+  and semiconductors.
+  
+
diff --git a/reuters/training/7204 b/reuters/training/7204
new file mode 100644
index 0000000000000000000000000000000000000000..f6db152e6362d8fc0d947ef6a5c6a1f3cb216753
--- /dev/null
+++ b/reuters/training/7204
@@ -0,0 +1,5 @@
+FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
+
+  FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
+  
+
diff --git a/reuters/training/7205 b/reuters/training/7205
new file mode 100644
index 0000000000000000000000000000000000000000..1064c127e52569668216079fbdd1729d66498095
--- /dev/null
+++ b/reuters/training/7205
@@ -0,0 +1,5 @@
+EC GRANTS 25,000 TONNES BARLEY, 80,000  FRENCH MAIZE LICENCES, REJECTS WHEAT - TRADERS
+
+  EC GRANTS 25,000 TONNES BARLEY, 80,000  FRENCH MAIZE LICENCES, REJECTS WHEAT - TRADERS
+  
+
diff --git a/reuters/training/7207 b/reuters/training/7207
new file mode 100644
index 0000000000000000000000000000000000000000..0e660b8d5a74c289c361d662abca8ccb93a8d211
--- /dev/null
+++ b/reuters/training/7207
@@ -0,0 +1,9 @@
+FED ADDS RESERVES VIA CUSTOMER REPURCHASES
+  The Federal Reserve entered the U.S.
+  Government securities market to arrange 1.5 billion dlrs of
+  customer repurchase agreements, a Fed spokesman said.
+      Dealers said Federal funds were trading at six pct when the
+  Fed began its temporary and indirect supply of reserves to the
+  banking system.
+  
+
diff --git a/reuters/training/7208 b/reuters/training/7208
new file mode 100644
index 0000000000000000000000000000000000000000..ae54f642cc492f387af8eb6669e065b324bc20b3
--- /dev/null
+++ b/reuters/training/7208
@@ -0,0 +1,5 @@
+DOMTAR SETS TWO-FOR-ONE STOCK SPLIT TO TAKE EFFECT MAY 14                         
+
+  DOMTAR SETS TWO-FOR-ONE STOCK SPLIT TO TAKE EFFECT MAY 14                         
+  
+
diff --git a/reuters/training/7209 b/reuters/training/7209
new file mode 100644
index 0000000000000000000000000000000000000000..1a34dcd9e4df93f91784485b3362e681a95aa3af
--- /dev/null
+++ b/reuters/training/7209
@@ -0,0 +1,8 @@
+PUBLIC SERVICE CO OF N.H.<PNH> OMITS DIVIDEND
+  Public Service Co of New
+  Hampshire said its board voted to omit the quarterly dividend
+  which would have been paid on May 15.
+      The company said the omission is the thirteenth consecutive
+  dividend omission.
+  
+
diff --git a/reuters/training/7212 b/reuters/training/7212
new file mode 100644
index 0000000000000000000000000000000000000000..e5d6bbfcf520d422c431523c1da153cad83e40ab
--- /dev/null
+++ b/reuters/training/7212
@@ -0,0 +1,15 @@
+REXNORD INC <REX> 1ST QTR JAN  31 LOSS
+  Shr loss 76 cts vs profit 50 cts
+      Net loss 19,186,000 vs profit 12,438,000
+      Sales 157.9 mln vs 149.2 mln
+      NOTE: Fiscal 1987 net loss includes a pretax charge of 19.5
+  mln dlrs from restructuring and an after tax charge of about
+  seven mln dlrs from debt prepayment premiums.
+      Fiscal 1986 net profit includes a pretax gain of 7.2 mln
+  dlrs on the sale of some land, an after tax loss 1.35 mln dlrs
+  from discontinued operations and an after tax gain of 6.7 mln
+  dlrs from a change in accounting.
+      All results restated to exclude five businesses divested as
+  part of the company's restructuring program.
+  
+
diff --git a/reuters/training/7215 b/reuters/training/7215
new file mode 100644
index 0000000000000000000000000000000000000000..750ba457c241dfa3e2852a346acf38e1810ff754
--- /dev/null
+++ b/reuters/training/7215
@@ -0,0 +1,9 @@
+TRADERS DETAIL EC GRAIN EXPORT LICENCES
+  The EC Commission granted 25,000 tonnes
+  of free market barley export licences at today's tender and
+  80,000 tonnes of French maize, grain traders said.
+      The maximum export rebate for barley was set at 137.25 Ecus
+  and for maize at 129.75 Ecus per tonne.
+      All bids for wheat were rejected, they said.
+  
+
diff --git a/reuters/training/7216 b/reuters/training/7216
new file mode 100644
index 0000000000000000000000000000000000000000..849d5d864c0affdfba31f595af70d6306e746aff
--- /dev/null
+++ b/reuters/training/7216
@@ -0,0 +1,20 @@
+CARSON <CRN> CITES IMPACT OF TAX REFORM ACT
+  Carson Pirie Scott and Co said the Tax
+  Reform Act of 1986, which repealed investment tax credits, had
+  a negative impact of 22 cts a share on earnings for the year
+  ended January 31.
+      Earlier, Carson reported yearly per-share earnings of 1.83
+  dlrs, down from 1.86 dlrs a year ago. Average shares increased
+  to 10.2 mln from 9.9 mln a year earlier. Sales gained to 1.41
+  billion dlrs from 1.30 billion dlrs.
+      Carson said it was "extremely optimistic about improved
+  profit performance in 1987."
+      It said in the first half of 1987 it hopes to reduce
+  seasonal-type losses sustained in the 1986 first and second
+  quarters.
+      The company said that in early April its Oak Brook Hills
+  Hotel and Conference Center in suburban Chicago will open under
+  its management. Provisions for startup expenses have been made,
+  it added.
+  
+
diff --git a/reuters/training/7217 b/reuters/training/7217
new file mode 100644
index 0000000000000000000000000000000000000000..069bb9512351c20345bd957887db5e93a27ca620
--- /dev/null
+++ b/reuters/training/7217
@@ -0,0 +1,13 @@
+DOMTAR PLANS TWO-FOR-ONE STOCK SPLIT
+  <Domtar Inc> said it plans a
+  two-for-one stock split to take effect May 14.
+      The company said shareholders will be asked to approve the
+  split at the annual meeting on April 29.
+      Domtar said its directors believe the split could favorably
+  affect marketability of the shares and encourage wider
+  distribution.
+      The shares have been trading recently in a range of 45
+  dlrs. Domtar stock was previously split on a two-for-one basis
+  in June, 1985.
+  
+
diff --git a/reuters/training/7218 b/reuters/training/7218
new file mode 100644
index 0000000000000000000000000000000000000000..5202185b0858c1d61d05c63b732024a420f6c06c
--- /dev/null
+++ b/reuters/training/7218
@@ -0,0 +1,10 @@
+FINANCIAL PERFORMANCE <FPCC> PURSUES EXPANSION
+  Financial Performance Corp said it
+  continued its rapid expansion with a signing of a partnership
+  agreement with Gold Sierra Financial Advisors, founded by
+  former Bank of America officers in capital markets.
+      It said the agreement, under which it owns 50 pct of the
+  partnership, enables it to move into the mergers and
+  acquisitions business.
+  
+
diff --git a/reuters/training/722 b/reuters/training/722
new file mode 100644
index 0000000000000000000000000000000000000000..6c14fcfab06c6fea26e4db6597e4ce05d8ce639f
--- /dev/null
+++ b/reuters/training/722
@@ -0,0 +1,6 @@
+ALBERTSON'S INC <ABS> RAISES QTLY DIVIDEND
+  Shr 24 cts vs 21 cts
+      Pay May 25
+      Record May eight
+  
+
diff --git a/reuters/training/7220 b/reuters/training/7220
new file mode 100644
index 0000000000000000000000000000000000000000..e1de3b5e6c1b7b07f0da835147e65055d4c85734
--- /dev/null
+++ b/reuters/training/7220
@@ -0,0 +1,12 @@
+FED APPROVES AMSOUTH <ASO> AFFILIATION
+  AmSouth Corp said the Federal
+  Reserve Board approved the affiliation of First Tuskaloosa Corp
+  with Amsouth.
+      The approval was the final regulatory step in the
+  affiliation process which began in August, Amsouth said.
+      Under terms of the affiliation, each First Tuskaloosa
+  shareholder will receive 66 dlrs value of AmSouth stock for
+  each share held. The total consideration is valued at 105.6 mln
+  dlrs.
+  
+
diff --git a/reuters/training/7221 b/reuters/training/7221
new file mode 100644
index 0000000000000000000000000000000000000000..b8918585c7bb97114ca0748c8ce3272329c43787
--- /dev/null
+++ b/reuters/training/7221
@@ -0,0 +1,14 @@
+FRENCH FEBRUARY OFFICIAL RESERVES RISE
+  French official reserves rose 12.73
+  billion francs to 388.68 billion francs at the end of February
+  from 375.95 billion at the end of January, the Finance Ministry
+  said.
+      It said in a statement the rise was mainly due to inflows
+  of foreign currency through the exchange stabilisation fund,
+  which resulted in an increase of 12.41 billion francs.
+      Reserves of European Currency Units rose by 25 mln francs
+  to 73.27 billion francs, due to interest adjustments, while
+  gold reserves rose by two mln francs to 218.46 billion francs.
+  
+  
+
diff --git a/reuters/training/7222 b/reuters/training/7222
new file mode 100644
index 0000000000000000000000000000000000000000..c8a3370d0a050dddee5c5603c032eeaa6e6318f9
--- /dev/null
+++ b/reuters/training/7222
@@ -0,0 +1,32 @@
+FRENCH INSTITUTE PESSIMISTIC ON 1987 GROWTH
+  French gross domestic product will grow
+  by only 1.5 pct in real terms this year, compared with the
+  government's forecast of two to 2.5 pct growth, the private
+  Institut des Previsions Economiques et Financieres pour le
+  Developpement des Entreprises (IPECODE) said.
+      However, it expects growth to recover next year to the 1986
+  level of two pct.
+      IPECODE said demand and production would develop in
+  parallel this year, in contrast to last year when production
+  was unable to keep pace with the strong rise in domestic
+  demand, unleashing higher import demand.
+      Claims on the International Monetary Fund (IMF) rose by 298
+  mln francs to 19.61 billion francs, due to net withdrawals in
+  francs by member nations, and an increase in reserves of
+  Special Drawing Rights (SDRs) due mainly to the repayment of
+  French debts.
+      Its deficit with the European Monetary Cooperation Fund
+  (FECOM) remained unchanged in February at 33.90 billion francs.
+      French household consumption, which rose by 3.1 pct last
+  year, is likely to grow by just 1.1 pct this year and 1.5 pct
+  in 1988, it added.
+      Industrial investment is expected to rise by 4.3 pct this
+  year and 5.5 pct in 1988, down from 6.5 pct in 1986.
+      Inflation, which was running at 2.1 pct at the end of 1986,
+  is likely to rise to 2.9 pct at the end of this year, IPECODE
+  said, while the government has forecast 2.5 pct.
+      However, the institute said inflation would fall back to
+  2.5 pct at the end of 1988, "provided that real wage costs
+  remain within the framework of productivity rises."
+  
+
diff --git a/reuters/training/7225 b/reuters/training/7225
new file mode 100644
index 0000000000000000000000000000000000000000..9aa434690e4a0ace9daafdfbcf6779c7409d43eb
--- /dev/null
+++ b/reuters/training/7225
@@ -0,0 +1,12 @@
+INDEPENDENCE BANCORP <INBC> COMPLETES MERGER
+  Independence Bancorp Inc said
+  it completed its merger with Scranton, Penn.-based <Third
+  National Bank and Trust Co>, with assets of 316 mln dlrs.
+      Independence said its combined assets are now 2.5 billion
+  dlrs.
+      The company said that each share of Third National common
+  will be exchanged for 4.06 shares of its common. Independence
+  said the merger will be accounted for as a pooling of
+  interests.
+  
+
diff --git a/reuters/training/7226 b/reuters/training/7226
new file mode 100644
index 0000000000000000000000000000000000000000..f97209aea8c7c0c18c3037abaed12193bce4a9cb
--- /dev/null
+++ b/reuters/training/7226
@@ -0,0 +1,13 @@
+RIVERSIDE GROUP INC <RSGI> 4TH QTR
+  Shr 55 cts vs 93 cts
+      Net 1.6 mln vs 2.6 mln
+      Revs 5.3 mln vs 1.2 mln
+      Year
+      Shr 73 cts vs 1.36 dlrs
+      Net 2.0 mln vs 3.0 mln
+      Revs 9.1 mln vs 11.0 mln
+      NOTE:1985 net includes 2.7 mln dlrs gain on disposal of
+  unit. 1986 includes operations of Dependable Insurance Gruop
+  Inc.
+  
+
diff --git a/reuters/training/7229 b/reuters/training/7229
new file mode 100644
index 0000000000000000000000000000000000000000..87c3fd34c2ae950c4d42b5e0b28c3db58bb7a241
--- /dev/null
+++ b/reuters/training/7229
@@ -0,0 +1,10 @@
+<I.T.L. INDUSTRIES LTD> 1ST QTR FEB 28 NET
+  Oper shr loss two cts vs profit three cts
+      Oper net profit 301,000 dlrs vs profit 130,000
+      Revs 10.5 mln vs eight mln
+      NOTE: Dividends on preferred shares 370,000 dlrs vs 51,000
+  dlrs.
+      Oper net excludes gains on tax loss carryforward of 247,000
+  dlrs vs 118,000 dlrs.
+  
+
diff --git a/reuters/training/7234 b/reuters/training/7234
new file mode 100644
index 0000000000000000000000000000000000000000..edcbf7da92f0a2c91f6315711c3c997300241431
--- /dev/null
+++ b/reuters/training/7234
@@ -0,0 +1,10 @@
+CORROON AND BLACK <CBL> COMPLETES ACQUISITION
+  Carroon and Black Corp said it
+  completed the acquisition of <Poggi-Harrison Agency Inc> and
+  <Risk Control Inc>.
+      Terms of the acquisitions were not disclosed.
+      Separately, Carroon said it also completed the acquisition
+  of <Rosskopf, Rapp and Schmidt Insurance Agency>, based in El
+  Monte, Calif.
+  
+
diff --git a/reuters/training/7235 b/reuters/training/7235
new file mode 100644
index 0000000000000000000000000000000000000000..89eb86d657515c4de0467cff4e928542000c7c4c
--- /dev/null
+++ b/reuters/training/7235
@@ -0,0 +1,6 @@
+TULTEX <TTX> INCREASES DIVIDEND
+  Qtly div nine cts vs eight cts prior
+      Payable July one
+      Record June 12
+  
+
diff --git a/reuters/training/724 b/reuters/training/724
new file mode 100644
index 0000000000000000000000000000000000000000..de2c2c3f8d9c8f657ac06586eefa8545bbdf85d0
--- /dev/null
+++ b/reuters/training/724
@@ -0,0 +1,14 @@
+WAVEHILL INTERNATIONAL TO MAKE ACQUISITION
+  <Wavehill International Ventures Inc>
+  said it has agreed to acquire Personal Computer Rental Corp of
+  Coral Gables, Fla., in a transaction in which shareholders of
+  Personal Computer will receive shares respresenting about a 25
+  pct interest in the combined company.
+      The company said it will have about two mln shares
+  outstanding on a fully-diluted basis after the transaction. It
+  said after the acquisition it will infuse Perconal computer
+  with cash for expansion.  It said Personal Computer now has 26
+  franchised locations and plans to add over 30 in 1987, seeking
+  eventually to expand into 420 markets in the U.S. and abroad.
+  
+
diff --git a/reuters/training/7240 b/reuters/training/7240
new file mode 100644
index 0000000000000000000000000000000000000000..dcf8147d67fc6ea85fcfe5677274ed3baba28803
--- /dev/null
+++ b/reuters/training/7240
@@ -0,0 +1,30 @@
+BENETTON OF ITALY SEES EXPANSION, ACQUISITIONS
+  <Benetton SpA> of Italy expects to
+  further diversify into financial services and is weighing 
+  possible acquisitions, a Benetton spokeswoman here said.
+      "We are thinking of diversification outside of the retail
+  line," the spokeswoman said. "We are looking at financial
+  services and other manfacturing companies."
+      However, she said the company was not targeting the U.S.
+  for its planned expansion, but was looking at a number of
+  different countries.
+      The company's shares are traded in the U.S. as American
+  Depository Receipts, which were issued through an offering by
+  Morgan Stanley Group Inc <MS> earlier this month.
+      Benetton is now holding talks with Wall Street firms about
+  the possibility of receiving a quotation of its shares on the
+  New York Stock Exchange. "There's absolutely no timetable. It
+  may not even happen," the spokeswoman said.
+      She also denied reports that the company was considering an
+  issue of convertible bonds with warrants in the U.S. "We're not
+  thinking of issuing bonds," she said.
+      In line with its planned Global expansion efforts, Benetton
+  is also holding talks with the Soviet Union to explore the
+  possibility of opening up to 150 stores in the country. But the
+  spokeswoman pointed out that many companies are holding talks
+  with the Soviets.
+      "We are in discussions and are looking forward to some
+  response," she said. She added the company had no firm
+  timetable on when a response might be received.
+  
+
diff --git a/reuters/training/7244 b/reuters/training/7244
new file mode 100644
index 0000000000000000000000000000000000000000..a29b90d9eca5b427d0ce3a39c46111a19c3fc695
--- /dev/null
+++ b/reuters/training/7244
@@ -0,0 +1,8 @@
+TULTEX CORP <TTX> 1ST QTR FEB 28
+  Shr 23 cts vs 28 cts
+      Net 4.3 mln vs 5.1 mln
+      Revs 64.5 mln vs 67.1 mln
+      NOTE:1986 reflects two for one stock split, effective July
+  31
+  
+
diff --git a/reuters/training/7245 b/reuters/training/7245
new file mode 100644
index 0000000000000000000000000000000000000000..310f1ea5d0c86560488c02af8a00298126d8f783
--- /dev/null
+++ b/reuters/training/7245
@@ -0,0 +1,8 @@
+FEDERATED FIN'L SAVINGS <FEDF> INITIAL PAYOUT
+  Federated Financial Savings
+  said it declared an initial quarterly dividend of 85 cts a
+  share April 27, record April 13.
+      This is the first dividend paid by Federated since its
+  conversion to a stock company from a mutual on Jan 28, 1987.
+  
+
diff --git a/reuters/training/7247 b/reuters/training/7247
new file mode 100644
index 0000000000000000000000000000000000000000..1875752d53f1b5652d2493b1a881d38465e6e1ea
--- /dev/null
+++ b/reuters/training/7247
@@ -0,0 +1,8 @@
+REXNORD <REX> SEES MAY MERGER WITH BANNER <BNR>
+  Rexnord Inc said it expects to
+  merge with a wholly-owned subsidiary of Banner Industries Inc
+  in early May.
+      Late last month, Banner said it completed a tender offer
+  for and held 96 pct of Rexnord's common shares.
+  
+
diff --git a/reuters/training/725 b/reuters/training/725
new file mode 100644
index 0000000000000000000000000000000000000000..d124af59f7627eac12899fa89205d1f90a292a5c
--- /dev/null
+++ b/reuters/training/725
@@ -0,0 +1,12 @@
+SECURITY PACIFIC <SPC> COMPLETES MERGER
+  Security Pacific Corp said it
+  completed its planned merger with Diablo Bank following the
+  approval of the comptroller of the currency.
+      Security Pacific announced its intention to merge with
+  Diablo Bank, headquartered in Danville, Calif., in September
+  1986 as part of its plan to expand its retail network in
+  Northern California.
+      Diablo has a bank offices in Danville, San Ramon and Alamo,
+  Calif., Security Pacific also said.
+  
+
diff --git a/reuters/training/7250 b/reuters/training/7250
new file mode 100644
index 0000000000000000000000000000000000000000..805d0de7fcbb1c323103513a983054c91752f53b
--- /dev/null
+++ b/reuters/training/7250
@@ -0,0 +1,6 @@
+<BURKE-PARSONS-BOWLBY> CORP SETS REGULAR PAYOUT
+  Qtrly div three cts vs three cts prior
+      Pay May 15
+      Record April 24
+  
+
diff --git a/reuters/training/7253 b/reuters/training/7253
new file mode 100644
index 0000000000000000000000000000000000000000..5f021bc7a0460be6988b0d31d3c14acc505517de
--- /dev/null
+++ b/reuters/training/7253
@@ -0,0 +1,14 @@
+WARBURG BEGINS TENDER OFFER FOR SYMBION <SYMB>
+  Symbion Inc said <Warburg, 
+  Pincus Capital Co L.P.> began a tender offer to purchase up to
+  2.5 mln shares, or about 33 pct, of Symbion's shares at 3.50
+  dlrs per share. Warburg already owns about 26 pct of Symbion.
+      Symbion has 7,472,000 shares outstanding. The company makes
+  artificial hearts.
+      Symbion said its board and management are carefully
+  reviewing the offer and on or before March 30 will advise its
+  shareholders on whether it accepts or rejects the offer. If the
+  tender offer is successful, Warburg wll own about 59 pct of
+  Symbion.
+  
+
diff --git a/reuters/training/7256 b/reuters/training/7256
new file mode 100644
index 0000000000000000000000000000000000000000..0b351cda966e707b908f977c0e5d457219c31a4e
--- /dev/null
+++ b/reuters/training/7256
@@ -0,0 +1,5 @@
+SEAGRAM CO LTD YEAR SHR 4.45 DLRS VS 3.44 DLRS
+
+  SEAGRAM CO LTD YEAR SHR 4.45 DLRS VS 3.44 DLRS
+  
+
diff --git a/reuters/training/7259 b/reuters/training/7259
new file mode 100644
index 0000000000000000000000000000000000000000..192b59151e0491e341b69a47f7941b81ef6f105b
--- /dev/null
+++ b/reuters/training/7259
@@ -0,0 +1,9 @@
+L'AIR LIQUIDE <AIRP.PA> YEAR ENDED DEC 31
+  Parent company net profit 754.45 mln francs vs 674.1 mln.
+      Dividend 19.50 francs vs same.
+      NOTE - Company said the dividend would apply to shares
+  issued under capital increases during 1986. This means a 32 pct
+  rise in total dividend payments to 528.14 mln francs on 1986
+  results from 399.62 mln the previous year.
+  
+
diff --git a/reuters/training/7260 b/reuters/training/7260
new file mode 100644
index 0000000000000000000000000000000000000000..c6964e199b1de5144c952f642217d1f5ff37b219
--- /dev/null
+++ b/reuters/training/7260
@@ -0,0 +1,44 @@
+SOLAR SYSTEMS <SSDN>, INKEY OF SPAIN SET PACT
+  Solar Systems by Sundance Inc said it
+  agreed to buy a 45 pct interest in a company that will sell
+  condoms produced by INKEY SA of Spain.
+      It said a spermicide used in INKEY's condoms contains an
+  ingredient that may help prevent the sexual transmission of
+  AIDS. The ingredient was cited in an article in the West German
+  publication, Aids Forschung. But it said the article was
+  about the ingredient and did not mention the spermicide or the
+  condoms made by INKEY.
+      The company also said it is changing its name to
+  Eurocapital Corp shortly.
+      Solar Systems said it was buying the 45 pct stake in a
+  U.S.-based <Europharmaceutical Co>. INKEY and an affiliate own
+  the remaining shares of the company, which was set up to
+  distribute condoms and vaginal products that are made, or are
+  being developed by INKEY.
+      The agreement calls for a two mln dlr payment to Inkey for
+  the distributorship. The first 500,000 dlr payment is due 30
+  days after the products are approved by the Food and Drug
+  Administration. It said Europharmaceutical plans to soon file
+  with the FDA to market the condom, but expects the approval
+  process to be a lengthy one.
+      The company said the active ingredient in the spermicide is
+  currently used in the U.S. in antiseptic applications unrelated
+  to condoms. As far as it knows, the ingredient has not been
+  tested in a spermicide.
+      Inkey's condoms will be sold in the U.S. under the brand
+  name, "Carlton." The exclusive distribution contract for the
+  products runs for three years and is renewable for one-year
+  periods, the company said.
+      It said the condoms are currently sold in Spain but have
+  not gone on sale in other European countries.
+      It said Europharmaceutical currently does not have the
+  resources to make the payments under the distribution agreement
+  or fund the studies necessary to obtain marketing approval from
+  the FDA.
+      The company also said Europharmaceutical is in talks to
+  acquire either one or more publicly held companies with little
+  or no assets. In the event an acquisition goes through, Solar
+  Systems' interest in Europharmaceutical would be diluted below
+  its current 45 pct.
+  
+
diff --git a/reuters/training/7261 b/reuters/training/7261
new file mode 100644
index 0000000000000000000000000000000000000000..4a368a1fa3040f54fb668b298415c964220344cc
--- /dev/null
+++ b/reuters/training/7261
@@ -0,0 +1,13 @@
+MODULAIRE INDUSTRIES <MODX> 4TH QTR LOSS
+  Shr loss 12 cts vs profit 37 cts
+      Net loss 350,738 vs profit 1,095,991
+      Revs 18.8 mln vs 15.8 mln
+      Year
+      Shr profit 28 cts vs profit 1.29 dlrs
+      Net profit 831,901 vs profit 3,000,716
+      Revs 60.6 mln vs 48.2 mln
+      Avg shrs 2,996,903 vs 2,756,596
+      Note: Per share date adjusted to reflect 10 pct stock
+  dividend of March 1986.
+  
+
diff --git a/reuters/training/7263 b/reuters/training/7263
new file mode 100644
index 0000000000000000000000000000000000000000..4999a593e53468cd4a62983d8198fc31e005d946
--- /dev/null
+++ b/reuters/training/7263
@@ -0,0 +1,43 @@
+KENTUCKY SMELTERS GET RELIEF ON HIGHER RATES
+  Owners of two aluminum smelters in
+  Kentucky received temporary relief from higher electric rates
+  after a decision Tuesday by state regulators denying a rate
+  hike to (Big Rivers Electric Corp) of Henderson, Ky.
+      But the owners of the smelters, (National Southwire
+  Aluminum Co) and Alcan Aluminium Ltd <AL>, said further
+  viability of the operations would depend in part upon how the
+  rate case is eventually settled.
+      "We're hoping for no rate increases but we can't say for
+  sure. It's still possible we'll have to close the smelter," a
+  National Southwire spokesman said. He said there were other
+  variables to consider in any decision whether to close or
+  continue the smelter, located in Hawesville, about 60 miles
+  west of Louisville.
+      National Southwire is owned by National Intergroup Inc
+  <NII>, which holds about 55 pct, and (Southwire Co), which
+  holds the rest, the spokesman said.
+      A spokesman for Montreal-based Alcan said, "The decision is
+  48 pages long and is in legal-ese, so it certainly will be a
+  long time before we can make a decision" about what it means
+  for the Sebree smelter in Henderson, about 100 miles west of
+  Louisville. "But we're delighted that Big Rivers Electric was
+  denied the requested rate increase."
+      A spokesman for the utility, a cooperative that generates
+  and wholesales electricity to four distributors, said the
+  requested increase was 7.5 mln dlrs a year over 1985 rates.
+      The Kentucky Public Service Commission, in denying the
+  increase, asked the utility to meet with creditors, which
+  include Manufacturers Hanover Corp <MHC> and Irving Bank Corp
+  <V>, and the smelters, to renegotiate a rate plan, the utility
+  spokesman said.
+      The commission suggested that Big Rivers Electric work out
+  a flexible rate schedule with the smelters that would index
+  their electric costs to the price of aluminum, he said.
+      "We have always been amenable to try, as far as we can, to
+  assure that the two aluminum smelters remain viable," he said.
+      No meetings are scheduled and none have been planned
+  between the utility, its creditors and the aluminum plant
+  owners. The commission has set a hearing on the rate issue for
+  July 28.
+  
+
diff --git a/reuters/training/7264 b/reuters/training/7264
new file mode 100644
index 0000000000000000000000000000000000000000..9170be83c1d12bef91d48f6054367390a10ebd81
--- /dev/null
+++ b/reuters/training/7264
@@ -0,0 +1,16 @@
+SEAGRAM CO LTD <VO> YEAR JAN 31 NET
+  Shr 4.45 dlrs vs 3.44 dlrs
+      Shr diluted 4.30 dlrs vs 3.34 dlrs
+      Net 423.5 mln vs 319.1 mln
+      Sales 3.34 billion vs 2.97 billion
+      Avg shrs 95.1 mln vs 92.6 mln
+      NOTE: U.S. funds.
+      Net includes equity in earnings of Du Pont Co <DD> of 169.1
+  mln dlrs vs 75.7 mln dlrs and dividend income from Du Pont
+  shares of 154.1 mln dlrs vs 150.8 mln dlrs.
+      Latest year net includes pretax charge 35.0 mln dlrs from
+  sale of wine operations and reorganization of spirits
+  operations in U.S. and related reduction in tax expense of 27.7
+  mln dlrs.
+  
+
diff --git a/reuters/training/7266 b/reuters/training/7266
new file mode 100644
index 0000000000000000000000000000000000000000..dd32232978eb8147b4af923d03b93dd22f3c9797
--- /dev/null
+++ b/reuters/training/7266
@@ -0,0 +1,6 @@
+AIR PRODUCTS AND CHEMICALS INC <APD> IN PAYOUT
+  Qtly div 20 cts vs 20 cts prior
+      Pay May 11
+      Record April Three
+  
+
diff --git a/reuters/training/7267 b/reuters/training/7267
new file mode 100644
index 0000000000000000000000000000000000000000..3bfb8dd88d4fa0a08b19b44b30f296a7a3edacf6
--- /dev/null
+++ b/reuters/training/7267
@@ -0,0 +1,6 @@
+J.P. STEVENS AND CO <STN> IN PAYOUT
+  Qtly div 30 cts vs 30 cts prior
+      Pay April 30
+      Record April Three
+  
+
diff --git a/reuters/training/7272 b/reuters/training/7272
new file mode 100644
index 0000000000000000000000000000000000000000..0d03e3e963310242d0f6c0dd69918c71b29cca55
--- /dev/null
+++ b/reuters/training/7272
@@ -0,0 +1,13 @@
+<TIE/TELECOMMUNICATIONS CANADA LTD> 4TH QTR NET
+  Oper shr one ct vs six cts
+      Oper net 48,000 vs 556,000
+      Revs 19.0 mln vs 26.5 mln
+      Year
+      Oper shr 19 cts vs 46 cts
+      Oper net 1,586,000 vs 3,971,000
+      Revs 90.8 mln vs 103.1 mln
+      NOTE: Previous oper net excludes 404,000 dlrs of
+  extraordinary expenses for qtr and 991,000 dlr gain for year.
+      TIE/communications Inc <TIE> holds 65 pct interest.
+  
+
diff --git a/reuters/training/7275 b/reuters/training/7275
new file mode 100644
index 0000000000000000000000000000000000000000..0aec0f7e3b833632751aaf6fe6b11bff9add9e49
--- /dev/null
+++ b/reuters/training/7275
@@ -0,0 +1,6 @@
+PEOPLES SAVINGS BANK <PEBW> RAISES QUARTERLY
+  Qtly div 12 cts vs 10 cts prior
+      Pay April 24
+      Record April One
+  
+
diff --git a/reuters/training/7276 b/reuters/training/7276
new file mode 100644
index 0000000000000000000000000000000000000000..71a79f88f2bd92d9cf33c464e2f10a334880ce2c
--- /dev/null
+++ b/reuters/training/7276
@@ -0,0 +1,10 @@
+DEP CORP DEPC 2ND QTR JAN 31 NET
+  Shr three cts vs 16 cts
+      Net 127,000 vs 605,000
+      Sales 14.4 mln vs 9,726,000
+      Six Mths
+      Shr 17 cts vs 30 cts
+      Net 678,000 vs 1,141,000
+      Sales 24.6 mln vs 19.2 mln
+  
+
diff --git a/reuters/training/7277 b/reuters/training/7277
new file mode 100644
index 0000000000000000000000000000000000000000..71fc609df6d706243f4bd460d6eeb8c69d6b5beb
--- /dev/null
+++ b/reuters/training/7277
@@ -0,0 +1,6 @@
+FEDERAL SIGNAL CORP <FSS>  REGULAR DIVIDEND
+  Qtly div 20 cts vs 20 cts previously
+      Pay June Two
+      Record May 12
+  
+
diff --git a/reuters/training/7278 b/reuters/training/7278
new file mode 100644
index 0000000000000000000000000000000000000000..b031eae193015ad9f70a0e645244b78db42c74ef
--- /dev/null
+++ b/reuters/training/7278
@@ -0,0 +1,6 @@
+STATE STREET BOSTON CORP <STBK> SETS QUARTERLY
+  Qtly div 10 cts vs 10 cts prior
+      Pay April 15
+      Record April One
+  
+
diff --git a/reuters/training/7279 b/reuters/training/7279
new file mode 100644
index 0000000000000000000000000000000000000000..674607d6f253d7d995b078ce1882812363c5a267
--- /dev/null
+++ b/reuters/training/7279
@@ -0,0 +1,6 @@
+MARSH AND MCLENNAN COS INC <MMC> SETS QUARTERLY
+  Qtly div 47-1/2 cts vs 47-1/2 cts prior
+      Pay May 13
+      Record April Six
+  
+
diff --git a/reuters/training/728 b/reuters/training/728
new file mode 100644
index 0000000000000000000000000000000000000000..eeb1f4e3f842a243782919d501f1b72cf2643e7b
--- /dev/null
+++ b/reuters/training/728
@@ -0,0 +1,17 @@
+U.S. INTEC INC <INTK> 4TH QTR NET
+  Shr six cts vs five cts
+      Net 188,000 vs 130,000
+      Revs 12.2 mln vs 10.1 mln
+      Avg shrs 3,029,930 vs 2,764,544
+      12 mths
+      Shr 81 cts vs 1.45 dlrs
+      Net 2,463,000 vs 3,718,000
+      Revs 52.4 mln vs 47.5 mln
+      Avg shrs 3,029,930 vs 2,566,680
+      NOTE: net for 1985 includes 500,000, or 20 cts per share,
+  for proceeds of a life insurance policy.
+      includes tax benefit for prior qtr of approximately 150,000
+  of which 140,000 relates to a lower effective tax rate based on
+  operating results for the year as a whole.
+  
+
diff --git a/reuters/training/7286 b/reuters/training/7286
new file mode 100644
index 0000000000000000000000000000000000000000..7a7a5a85af91f46aa3b7abf6ddfed4a8ee2d155d
--- /dev/null
+++ b/reuters/training/7286
@@ -0,0 +1,7 @@
+JOHN WILEY AND SONS INC <WILLB> SETS QUARTERLY
+  Qtly div Class A 27-1/2 cts vs 27-1/2 cts
+      Qtly div Class B 24-1/2 cts vs 24-1/2 cts
+      Pay April 10
+      Record April Three
+  
+
diff --git a/reuters/training/7287 b/reuters/training/7287
new file mode 100644
index 0000000000000000000000000000000000000000..eee59173468cfd53787afe5bce2d746f4423d480
--- /dev/null
+++ b/reuters/training/7287
@@ -0,0 +1,24 @@
+API SAYS U.S. CRUDE OIL OUPUT OFF FROM YEAR AGO
+  The American Petroleum Institute
+  said that U.S. crude oil production in February declined 9.8
+  pct from year-ago levels to about 8.3 mln barrels a day.
+      In its monthly report on U.S. oil supplies and stocks, API
+  said that domestic demand for petroleum products, as measured
+  by products supplied, continued to rise reaching 16.3 mln
+  barrels a day in the month, up 1.5 pct from February 1986.
+      API noted the drop in crude oil output coupled with a
+  drop in natural gas liquids production, which was off 11 pct
+  from February 1986 levels, represented a decline in U.S.
+  production of more than one mln barrels a day.
+      API said the decline in domestic production and the rise in
+  demand brought petroleum imports to about six mln barrels a day
+  in February, a 30.3 pct increase from last year's level.
+      So far this year, API said growth in domestic demand, which
+  was up 2.9 pct from last year's year-to-date level, has slowed
+  in comparison to the accelerated growth in the last half of
+  1986.
+      It said crude oil production for the first two months of
+  1987 was off 8.6 pct from the comparable year-ago period while
+  crude imports were up 30.6 pct.
+  
+
diff --git a/reuters/training/7296 b/reuters/training/7296
new file mode 100644
index 0000000000000000000000000000000000000000..16d211ce8fb3bd74097a284b0ce78ebdd5e95776
--- /dev/null
+++ b/reuters/training/7296
@@ -0,0 +1,7 @@
+PRIME MEDICAL <PMSI> SAYS MERGER TALKS END
+  Prime Medical Services Inc said merger
+  talks with National HMO Corp <NHMO> have been terminated.
+      Prime gave no reason for the termination of the talks with
+  National HMO.
+  
+
diff --git a/reuters/training/7297 b/reuters/training/7297
new file mode 100644
index 0000000000000000000000000000000000000000..1a17c8a18306b095c7bfeacf64774ca6e75237e5
--- /dev/null
+++ b/reuters/training/7297
@@ -0,0 +1,6 @@
+FIRST FEDERAL SAVINGS BANK OF MONTANA <FFSM> DIV
+  Qtly div seven cts vs seven cts prior
+      Payable April 28
+      Record April three
+  
+
diff --git a/reuters/training/730 b/reuters/training/730
new file mode 100644
index 0000000000000000000000000000000000000000..ce877160cfccd6bb6f124e42ba5c6473ac42dc3e
--- /dev/null
+++ b/reuters/training/730
@@ -0,0 +1,54 @@
+ICI <ICI> SEEKS GAINS IN SPECIALTY BUSINESSES
+  Imperial Chemical Industries PLC, the
+  largest chemical company in the United Kingdom, will expand its
+  specialty chemicals and drug businesses this year, and better
+  its 1986 results, said chairman-elect Denys Henderson.
+      "We expect to shift our company toward higher value-added
+  businesses and continue to broaden our base," Henderson told
+  reporters at an informal meeting here.
+      ICI today announced the formation of a new U.S.
+  drug company, ICI Pharma, which, with its Stuart
+  Pharmaceuticals unit, it said will double its current
+  pharmaceutical sales to 1.1 billion dlrs by 1990.
+      Henderson said, "Our pharmaceutical business gets lost in
+  the way that Glaxo's (Glaxo Holdings PLC) does not."
+      ICI's pharmaceutical division is the second largest drug
+  maker behind Glaxo in the U.K. Last year U.S. drug sales were
+  about 40 pct of its worldwide drug sales of 1.5 billion dlrs,
+  which in turn brought in 27 pct of its total profits.
+      He estimated that by 1990, ICI's pharmaceutical division
+  would account for about 30 pct of total company profits.
+      "The drug division far and away brings in the highest rate
+  of return," said A.W. Clements, finance director of ICI, who
+  was also at the meeting.
+      Henderson said the new U.S. drug concern would basically
+  act as a second sales force to double the exposure of its drugs
+  to doctors. ICI will hire 145 new salespeople by October one.
+      Henderson said the major new products in the company's
+  pipeline, expected to each bring in sales of over 200 mln dlrs
+  annually, were Statil, a treatment for diabetic complications,
+  Zoladex, a treatment for advanced prostate cancer, and Carwin,
+  a treatment for mild to moderate congestive heart failure.
+      Henderson said U.S. Food and Drug Administration approval
+  to market Statil and Zoladex, both under joint licensing
+  agreements with Merck and Co Inc <MRK>, is not expected until
+  about 1989. ICI expects to file for permission to market Carwin
+  in the U.S. later this year.
+      Henderson said the company's 1987 results would top 1986
+  income of 888 mln dlrs or 5.45 dlrs per ADR on sales of 15
+  billion dlrs, but he declined to specify by how much.
+      Henderson said 1987's results would be boosted by Glidden
+  Paints, which ICI bought last November for 580 mln dlrs from a
+  unit of Hanson Industries Inc.
+      Henderson also said that ICI has about nine billion dlrs
+  available for acquisitions. Last year the company made 40
+  acquisitions, the largest being Glidden. He said that more
+  acquisitions may be made this year but he ruled out an
+  acquisition of a pharmaceutical concern as "too expensive."
+      Henderson said that in his new role of chairman, effective
+  April one when he takes over from Sir John Harvey-Jones who
+  will retire, the biggest challenge ahead lay in continuing the
+  earnings momentum ICI has established over the past few years
+  after restructuring and selling off unprofitable businesses.
+  
+
diff --git a/reuters/training/7302 b/reuters/training/7302
new file mode 100644
index 0000000000000000000000000000000000000000..b20cf90d6791df688ff6d1a5cdc9311251fde65c
--- /dev/null
+++ b/reuters/training/7302
@@ -0,0 +1,8 @@
+<CCR VIDEO CORP> 1ST HALF FEB 28 NET
+  Shr profit 10 cts vs loss one ct
+      Net profit 647,390 vs loss 75,967
+      Sales 2,120,027 vs 1,666,908
+      NOTE: Current year net includes 456,004 dlr gain from debt
+  extinguishment.
+  
+
diff --git a/reuters/training/7304 b/reuters/training/7304
new file mode 100644
index 0000000000000000000000000000000000000000..e128aba3be1072ecf06e1454cd1d707b1890bb68
--- /dev/null
+++ b/reuters/training/7304
@@ -0,0 +1,66 @@
+NEW RUBBER PACT TO BE FORMALLY ADOPTED TOMORROW
+  A new International Natural Rubber
+  Agreement (INRA) will be formally adopted tomorrow, chairman of
+  the negotiating conference Manaspas Xuto of Thailand said.
+      "The successful negotiation of the new agreement represents
+  a significant step forward in international economic
+  cooperation," he told a news conference. The new INRA is to
+  replace the current one which expires in October.
+      Delegates at the renegotiation conference, held under the
+  auspices of the U.N. Conference on Trade and Development
+  (UNCTAD), reached agreement over the central elements of a new
+  accord last weekend.
+      Xuto said the new INRA retains the reference price -- of
+  201.66 Malaysian/Singapore cents per kilo -- and indicative
+  prices set in the present pact.
+      Price levels will continue to be expressed in the joint
+  Malaysian/Singapore currency, he added.
+      The new agreement also maintains the basic structure of
+  price ranges -- the "may sell" and "may buy" points at plus and
+  minus 15 pct of the reference price, as well as the "must sell"
+  and "must buy" zones at plus and minus 20 pct of it.
+      Xuto said the new pact maintains the same objectives that
+  were set in the present accord. "The most important of these are
+  to stabilise prices and to achieve a balanced growth between
+  demand and supply," he said. The buffer stock remains the sole
+  instrument of market intervention for price stabilisation and
+  its maximum capacity is unchanged at 550,000 tonnes, Xuto
+  added.
+      At this month's session, which was the fourth attempt in
+  two years to negotiate a new INRA, the main issue to be
+  resolved concerned the mechanism for adjusting the reference
+  price.
+      It was agreed to conduct reviews of the reference price
+  every 15 months -- instead of the current 18-month intervals.
+      The extent of the adjustment was also modified.
+      Under the present agreement if the daily market indicator
+  price has been above the upper intervention ("may sell") price
+  (currently 231 Malaysian/Singapore cents) or below the lower
+  intervention price ("may buy") price (171 cents at present) for
+  six months, the reference price is then revised by five pct or
+  whatever amount the International Natural Rubber Council
+  decides.
+      Under the new pact, the adjustment under these
+  circumstances will be five pct unless the Council decides on a
+  higher adjustment.
+      Similarly, when buffer stock purchases or sales amount to
+  300,000 tonnes, there would be an automatic adjustment of three
+  pct under the new accord unless the Council decides on a higher
+  percentage.
+      Throughout the talks, which began on March 9, producers had
+  strongly opposed a consumer proposal to lower the reference
+  price and the "lower indicative price" (or floor price) of 150
+  cents in the present pact if the buffer stock, currently
+  360,000 tonnes, reached 450,000 tonnes.
+      The proposal, initiated by the U.S., was withdrawn last
+  Friday, setting the stage for compromise at the weekend.
+      Since then negotiators have worked on the finer details of
+  the new pact.
+      On the question of conditions for entry into force of the
+  new INRA, Xuto said it was tentatively agreed that governments
+  accounting for 75 pct of world exports and 75 pct of world
+  imports approved or ratified the new agreement before it became
+  operational.
+      The present agreement had a figure of 80 pct.
+  
+
diff --git a/reuters/training/7305 b/reuters/training/7305
new file mode 100644
index 0000000000000000000000000000000000000000..dd2a93cc3baf3aaf2dc562334b27981740f5d82e
--- /dev/null
+++ b/reuters/training/7305
@@ -0,0 +1,12 @@
+INVESTMENT GROUP HAS MOORE-HANDLEY <MHCO> STAKE
+  A group of New York investment
+  companies told the Securities and Exchange Commission they have
+  acquired 173,000 shares of Moore-Handley Inc, or 6.9 pct of the
+  total outstanding common stock.
+      The firms, Robert H. Barker and Co, J.M.R. Barker
+  Foundation, Quaker Hill Associates L.P., Upland Associates L.P.
+  and James M. Barker Trust, said they bought the stock for two
+  mln dlrs soley for investment purposes.
+      But the group said it might buy more Moore-Handley shares.
+  
+
diff --git a/reuters/training/7308 b/reuters/training/7308
new file mode 100644
index 0000000000000000000000000000000000000000..f517908ba730c2f62d51baa67a4b01923e6261ff
--- /dev/null
+++ b/reuters/training/7308
@@ -0,0 +1,50 @@
+EC MAY OFFER INTERVENTION SUGAR TO LOCAL MARKET
+  Sugar which EC producers plan to sell
+  into intervention may be offered by the European Commission for
+  sale within the Community, broker C. Czarnikow says in its
+  latest sugar review.
+      The Commission will propose to offer the sugar at a very
+  nominal premium of 0.01 European Currency Unit (Ecu) to the
+  intervention price, with detrimental consequences for
+  producers' returns, Czarnikow says. The move is seen as an
+  attempt to persuade the producers to take back the surrendered
+  sugar.
+      The Commission may also take other steps to dissuade
+  producers from their chosen course, such as removing the time
+  limit on storage contracts, which presently means that
+  intervention stocks have to be removed by the end of September,
+  Czarnikow says. There is also the possibility of production
+  quotas being reduced.
+      If the Commission decided to offer the sugar to traders for
+  export, the restitutions would have to be higher than those at
+  recent export tenders, Czarnikow notes. To match the difference
+  between the EC price and the world market price, the extra
+  costs might be as much as 20 Ecus per tonne, it says.
+      The producers might have to repay these costs through
+  production levies and the proposed special elimination levy,
+  Czarnikow says, but it would be several months before any costs
+  could be recovered under EC rules.
+      The primary cause of the plan to sell 775,000 tonnes of
+  sugar into intervention in France is dissatisfaction with the
+  EC export program as the restitution has increasingly failed to
+  bridge the gap between the EC price and the world market price,
+  Czarnikow notes. The French move is thus seen as a form of
+  protest designed to force the Commission's hand.
+      In West Germany, 79,250 tonnes have been tendered for
+  intervention, but Czarnikow says the motive here is to ensure
+  that the 1986/87 price is paid for sugar that was produced in
+  1986. In addition to a two pct cut in the intervention price,
+  West German producers face a further price reduction in July
+  with a probable revaluation of the "green" mark.
+      Even if the immediate crisis is resolved, the problem is
+  not expected to disappear permanently. It has appeared to
+  traders for some years that the EC's export policy is
+  insufficiently responsive to changing patterns of demand, it
+  says.
+      The weekly tenders should respond to fluctuating demand by
+  increasing or reducing the tonnage awarded, Czarnikow says,
+  suggesting that the Commission might also take steps to cut
+  down the amount of "unnecessary bureaucracy" surrounding the
+  export tender system.
+  
+
diff --git a/reuters/training/731 b/reuters/training/731
new file mode 100644
index 0000000000000000000000000000000000000000..bfcb6a87c64bc421d1a9e077f494725e27340838
--- /dev/null
+++ b/reuters/training/731
@@ -0,0 +1,14 @@
+INT'L HYDRON CORP <HYD> 4TH QTR OPER NET
+  Oper shr profit six cts vs loss 20 cts
+      Oper net profit 734,000 vs loss 2,312,000
+      Revs 16.8 mln vs 13.9 mln
+      Year
+      Oper shr profit 30 cts vs profit three cts
+      Oper net profit 3,342,0000 vs profit 318,000
+      Revs 67.5 mln vs 52.6 mln
+      NOTE: Excludes loss of 41,000 dlrs or nil vs gain 7,000
+  dlrs or nil in qtr and gain 247,000 dlrs or two cts vs gain
+  88,000 dlrs or one ct in year from net operating loss
+  carryforwards.
+  
+
diff --git a/reuters/training/7310 b/reuters/training/7310
new file mode 100644
index 0000000000000000000000000000000000000000..11ee6261179862c80a0cc07eb9f13311f8e8014f
--- /dev/null
+++ b/reuters/training/7310
@@ -0,0 +1,34 @@
+GERMAN BANKS SEE LOW INTEREST RATES CONTINUING
+  The Association of German Cooperative
+  Banks said in a financial survey that domestic interest rates
+  would continue to remain low for the time being.
+      It said the Bundesbank could hold them down despite strong
+  foreign influence and it saw no interest-straining factors in
+  the economy that could affect the long-term capital market.
+      The inflation rate of one pct also gave no occasion for
+  higher nominal interest rates. But a probable rise in inflation
+  late this year could give very slight grounds for a rise in
+  nominal rates at year's end and next year, it said.
+      The association said generally low interest rates,
+  prospects of lower taxes, a stable dollar rate and expected
+  strong domestic demand led it to believe that the investment
+  climate would remain friendly and the economy would continue
+  its slow but very sure growth.
+      The Bundesbank had managed successfully to keep interest
+  rates down on the short-term money market although its policies
+  had exerted little effect on the long-term capital market,
+  which was so important for investment financing and thus for
+  the course of the economy, it said.
+      In view of the limits to the possibilities monetary policy
+  had in influencing the longer-term capital market, the
+  association saw little sense in wanting to boost the economy
+  through a short-term and expansionist monetary policy.
+      On the other hand it also saw no reason for sticking
+  dogmatically to the money supply target for the whole of 1987.
+      The association said time would show to what extent
+  speculative foreign money and short-term invested domestic
+  money would distort money supply developments. The Bundesbank
+  could hold down money market rates with the highly effective
+  instrument of sale and repurchase transactions, it said.
+  
+
diff --git a/reuters/training/7311 b/reuters/training/7311
new file mode 100644
index 0000000000000000000000000000000000000000..0757c01139081ca4165d54d42d804e504d6fac00
--- /dev/null
+++ b/reuters/training/7311
@@ -0,0 +1,15 @@
+ICCO TO EXAMINE BUFFER STOCK DETAILS TOMORROW
+  The International Cocoa Council, ICCO,
+  adjourned for the day after a detailed proposal on buffer stock
+  rules was distributed and executive committee officials were
+  elected, delegates said.
+      Producers, EC consumers and all consumers are scheduled to
+  hold separate meetings tomorrow to review the proposal, written
+  by ICCO executive director Kobena Erbynn, they said.
+      The buffer stock working group is to meet again on rules
+  Monday morning, and the full council is to reconvene Tuesday,
+  delegates said.
+      Heinz Hofer of Switzerland was elected executive committee
+  chairman and Mette Mogstad of Norway vice chairman, they added.
+  
+
diff --git a/reuters/training/7312 b/reuters/training/7312
new file mode 100644
index 0000000000000000000000000000000000000000..6d563aed0a763307422f17aba6c06f22fc73c4a1
--- /dev/null
+++ b/reuters/training/7312
@@ -0,0 +1,24 @@
+FED'S JOHNSON URGES STRONGER ALLIED GROWTH
+  Federal Reserve Board Vice Chairman
+  Manuel Johnson said that the U.S.'s main industrial partners
+  should expand their domestic growth.
+      In a speech to a women's group here, Johnson said, "There is
+  room for stronger domestic growth in those countries ... strong
+  enough to absorb growth in U.S. export markets."
+      Johnson also said there was a better alignment of exchange
+  rates now and the Paris agreement to stabilize currencies has
+  brought western nations a long way towards establishing that
+  goal.
+      Johnson said, "The Fed supports this pattern of exchange
+  rates ... and we'll see if it leads to a convergence in trade.
+  Quite possibly it can be achieved."
+      Johnson said the Paris agreement achieved a better
+  alignment of exchange rates in exchange for stimulus by the
+  major surplus countries.
+      He said this was "a major improvement and a step in the
+  right direction" and added U.S. allies look very strongly to a
+  U.S. budget deficit cut. "There will always be a potential risk
+  of breakdown in international cooperation" without a budget
+  deficit cut.
+  
+
diff --git a/reuters/training/7313 b/reuters/training/7313
new file mode 100644
index 0000000000000000000000000000000000000000..7f5a3255c8e60b3d841e10e567a608418d8123cc
--- /dev/null
+++ b/reuters/training/7313
@@ -0,0 +1,62 @@
+U.K. MONEY DATA MAY EASE RATE CUT, ANALYSTS SAY
+  Slower than expected growth in Britain's
+  narrow M0 money supply measure in February will help spur a
+  further cut in U.K. Interest rates if a surge in sterling's
+  value requires such a move, economic analysts said.
+      M0, the only targeted money supply measure left after
+  Chancellor of the Exchequer Nigel Lawson scrapped the official
+  target for the broad sterling M3 measure in his 1987 budget
+  speech on Tuesday, fell an adjusted 3/4 to one pct in February.
+      On an annual basis, this put M0 growth at four to 4-1/2
+  pct, in the middle of the 1987 target of two to six pct.
+      "The M0 data are much better than we expected," said Robert
+  Thomas, economist at Greenwell Montagu Securities.
+      He and other analysts said while the better than expected
+  M0 figures alone would not be sufficient to trigger a new
+  interest rate cut, they removed an obstacle to such a move.
+      Thomas noted the rise in M0 had been kept in check despite
+  buoyant retail sales in February, advancing an adjusted 2.2 pct
+  after a fall of the same size in January.
+      Analysts said the M0 measure, reflecting variations in
+  consumer demand rather than real inflation prospects, was not
+  an adequate indicator to determine interest rates.
+      "The authorities still seem to want to pretend that M0 is
+  important ... In practice, it is likely to be the exchange rate
+  and the election which call the tune," Lloyds Merchant bank
+  chief economist Roger Bootle wrote in a budget comment.
+      Richard Jeffrey, economist at stockbrokers Hoare Govett,
+  said in a comment: "It is unlikely that (Lawson) will respond to
+  signals from M0 alone ... Reinforcement from exchange rate
+  trends is necessary before action is taken."
+      "With the Chancellor making clear that policy manoeuvres are
+  made in response to signals from this narrow money variable,
+  the City has been forced to take it seriously," he added.
+      Noting this point, Thomas said market fears at the end of
+  last year of an M0 overshoot had now disappeared.
+      This removed a potential obstacle to a further cut in U.K.
+  Base lending rates if foreign demand for sterling pushed up the
+  pound above unofficial targets, analysts said.
+      Such targets are believed to have been secretly agreed
+  between finance ministers of the Group of Five and Canada at
+  their Paris meeting last month, they added.
+    U.K. Base rates have been cut twice by half a point since the
+  Paris agreement, once on March 11, and again yesterday when
+  foreign demand for sterling surged in reaction to a sharp cut
+  in 1987 government borrowing targets contained in the budget.
+      They stand at 10 pct now, and foreign exchange dealers and
+  analysts expect them to shed another half-point in the coming
+  week.
+      Analysts shrugged off as largely irrelevant a higher than
+  expected increase in February sterling M3, which pushed the
+  annual growth rate to almost 19 pct, well above the previous
+  target of 11 to 15 pct.
+      Thomas said the February figures seemed to indicate the
+  improvement in sterling M3 growth witnessed over the past few
+  months had been reversed, but firm conclusions could only be
+  drawn after revised data are released on March 31.
+      Some analysts said foreign investors had long ceased to
+  watch the sterling M3 target, and Lawson's move to scrap it
+  altogether earlier this week removed whatever was left of its
+  credibility as a key factor in monetary policy.
+  
+
diff --git a/reuters/training/7314 b/reuters/training/7314
new file mode 100644
index 0000000000000000000000000000000000000000..ba4d866337aacdffd7805f7dcbbcb17f2aa6ffd5
--- /dev/null
+++ b/reuters/training/7314
@@ -0,0 +1,12 @@
+FED'S JOHNSON SEES INFLATION CONTROLLED
+  Federal Reserve Board Vice Chairman
+  Manuel Johnson said inflationary pressures are under control
+  and noted "wage and price pressures are very moderate."
+      Johnson told a women's group that the U.S. was not seeing
+  the kind of cost pressures of the past.
+      He said the trade imbalance was a serious trouble spot and
+  strong protectionist pressures, if translated into policies,
+  could ultimately lead to higher inflation and a high interest
+  rate policy by the Fed.
+  
+
diff --git a/reuters/training/7315 b/reuters/training/7315
new file mode 100644
index 0000000000000000000000000000000000000000..569d60f04b17127aeeb723bb06245fda7a4f8345
--- /dev/null
+++ b/reuters/training/7315
@@ -0,0 +1,14 @@
+GREYHOUND <G> BUYS GENERAL MOTORS <GM> BUS UNIT
+  Greyhound Corp said it has
+  signed a definitive agreement to buy General Motors Corp's U.S.
+  Transit Bus and Parts business for an undisclosed sum.
+      The agreement, tentatively set in January, includes
+  production tooling, design and equipment for urban transit
+  buses, inventories and trademark identification.
+      The agreement also incudes the right to buy GM's Canadian
+  Transit Bus and Parts business, contingent on a satisfactory
+  labor agreement.
+      Greyhound said it will relocate the production facilities,
+  currently in Pontiac, Michigan, to an undetermined location.
+  
+
diff --git a/reuters/training/7317 b/reuters/training/7317
new file mode 100644
index 0000000000000000000000000000000000000000..cda8ef4c383415a20751ba08a181cdca963c6640
--- /dev/null
+++ b/reuters/training/7317
@@ -0,0 +1,6 @@
+EXCEL BANCORP <XCEL> SETS INITIAL DIVIDEND
+  Excel Bancorp Inc said its board
+  declared an initial dividend of 10 cts per share, payable April
+  20 to holders of record on April Six.
+  
+
diff --git a/reuters/training/7318 b/reuters/training/7318
new file mode 100644
index 0000000000000000000000000000000000000000..986452a455a3c14dd8bb2835816d8e41afc85285
--- /dev/null
+++ b/reuters/training/7318
@@ -0,0 +1,12 @@
+CHAMPION <CHA> TO EXPAND ALBERTA MILL
+  Champion International Corp, based in
+  Stamford, Conn., said it will expand its mill in Hinton,
+  Alberta, at a cost of about 285 mln Canadian dlrs.
+      The expansion will double the facility's pulping operation
+  to 424,000 short tons per year. The mill produces softwood
+  kraft pulp which is sold to other Champion facilities and on
+  the open market.
+      Champion said it estimates the project will be completed by
+  the end of 1989.
+  
+
diff --git a/reuters/training/7319 b/reuters/training/7319
new file mode 100644
index 0000000000000000000000000000000000000000..50fd2dcec4693e3e9bd9c22b37c490e2a95f7117
--- /dev/null
+++ b/reuters/training/7319
@@ -0,0 +1,25 @@
+MARK IV SAYS IT DOES NOT PLAN BAIRD <BATM> BUY
+  Mark IV Industries Inc <IV>, which
+  has said it is mulling a bid to seek control of Baird Corp,
+  said it has no present plans to acquire more than 25 pct of the
+  company's total outstanding common stock.
+      In a filing with the Securities and Exchange Commission,
+  Mark IV said its top officials told Baird executives at a March
+  17 meeting that while Mark IV may buy more Baird common stock,
+  it presently intends to hold it to the 25 pct limit.
+      Mark IV, which first disclosed its stake and interest in
+  Baird on March 10, has reported it holds 391,800 Baird common
+  shares, or 17.6 pct of the total outstanding.
+      Mark IV said it also agreed at the meeting that if it
+  decides to seek control of Baird, it would be through a
+  negotiated merger or business combination or through a tender
+  offer in which Baird would have at least 24 hours notice.
+      Baird, in turn, agreed not to take any defensive measures
+  without giving Mark IV at least 24 hours notice, it said.
+      Baird also confirmed that a takeover defense plan it
+  already has which is triggered by the accumulation of more than
+  25 pct of its stock, would not be triggered by a tender offer,
+  Mark IV said. Both parties also agreed to adjourn pending
+  litigation they have against one another, it added.
+  
+
diff --git a/reuters/training/732 b/reuters/training/732
new file mode 100644
index 0000000000000000000000000000000000000000..2621fc4d198c30a6155e6d0718e5bf7d8819efde
--- /dev/null
+++ b/reuters/training/732
@@ -0,0 +1,14 @@
+ALBERTSON'S <ABS> ADOPTS STOCKHOLDER RIGHTS PLAN
+  Albertson's Inc said its board has
+  adopted a stockholder rights plan intended to protect them in
+  the event of any proposed takeover of the company.
+      Under the plan, stockholders will receive a dividend
+  distribution of one right for each share of common stock held
+  on March 23.
+      The rights are exercisable ten days after a person or group
+  acquires 20 pct or more of Alberston's common stock or
+  announces a tender offer for 30 pct or more of the stock.
+      Each right will entitle the shareholder to buy one newly
+  issued share of Alberston's common stock for 150.00 dlrs.
+  
+
diff --git a/reuters/training/7320 b/reuters/training/7320
new file mode 100644
index 0000000000000000000000000000000000000000..c49c90a57708bf8751755a147ef59446b8963905
--- /dev/null
+++ b/reuters/training/7320
@@ -0,0 +1,6 @@
+HARRIS-TEETER PROPERTIES INC <HTP> SETS PAYOUT
+  Qtly div 24 cts vs 24 cts prior
+      Pay May Eight
+      Record April 17
+  
+
diff --git a/reuters/training/7321 b/reuters/training/7321
new file mode 100644
index 0000000000000000000000000000000000000000..599d51abc1a28b45553285f5833d7de3094422db
--- /dev/null
+++ b/reuters/training/7321
@@ -0,0 +1,5 @@
+CANADA 91-DAY T-BILLS AVERAGE 6.89 PCT, MAKING BANK RATE 7.14 PCT               
+
+  CANADA 91-DAY T-BILLS AVERAGE 6.89 PCT, MAKING BANK RATE 7.14 PCT               
+  
+
diff --git a/reuters/training/7322 b/reuters/training/7322
new file mode 100644
index 0000000000000000000000000000000000000000..4beb964da03c7e30a7cf781d41119c10e4f99d35
--- /dev/null
+++ b/reuters/training/7322
@@ -0,0 +1,11 @@
+DRESSER INDUSTRIES <DI> SEES RETURN TO PROFIT
+  Dresser Industries Inc said it expects
+  the joint ventures it has entered into and a gradual
+  improvement in the energy market to allow it to regain
+  profitability before the end of the current year.
+      Dresser earned 9,600,000 dlrs for the year ended October 31
+  -- after a 95.0 mln dlr gain from a change in accounting and
+  pension plan curtailment and a 25.3 mln dlr writedown of
+  oilfield assets.
+  
+
diff --git a/reuters/training/7323 b/reuters/training/7323
new file mode 100644
index 0000000000000000000000000000000000000000..3a26fbea17e028f61f77227a9e14f5d85cbace66
--- /dev/null
+++ b/reuters/training/7323
@@ -0,0 +1,25 @@
+EC MINISTERS ANNOUNCE PLAN FOR STEEL CLOSURES
+  European Community (EC) industry
+  ministers agreed on a plan for voluntary steel plant closures,
+  drawn up by industry lobby group Eurofer, and calculated to
+  lead to the loss of about 22,000 jobs.
+      The ministers resolved that the proposed closures, which
+  should bring production capacity more in line with weak demand,
+  "remain considerably below the surplus in capacity."
+      They asked the EC Executive Commission to consult with
+  Eurofer, major steel companies and with governments, to
+  pinpoint scope for further capacity reductions beyond the
+  annual 15.26 mln tonnes identified by Eurofer.
+      The Commission will draw up a new system  of steel
+  production quotas to protect vulnerable EC firms from the full
+  rigors of open competition.
+      Commission sources said any new system would cover only
+  heavy products representing about 45 pct of the market, instead
+  of 65 pct under the present system.
+      Ministers hope to approve a closure program when they meet
+  again in Brussels on June 1, the sources said.
+      Industry Commissioner Karl-Heinz Narjes told ministers
+  capacity was 30 mln tonnes in excess of requirements and that
+  this excess ought to be eliminated by the end of 1990.
+  
+
diff --git a/reuters/training/7326 b/reuters/training/7326
new file mode 100644
index 0000000000000000000000000000000000000000..49fe86dd6bfe1c54b4d8ccf7d4866e7206864cd8
--- /dev/null
+++ b/reuters/training/7326
@@ -0,0 +1,65 @@
+U.S. GRAIN TRADE CALLS SHULTZ REMARK SIGNIFICANT
+  A statement yesterday by Secretary
+  of State George Shultz after he met with wheat growers that
+  U.S. agricultural products must be competitively priced was
+  significant in that he recognized the importance of the Soviet
+  market and the need for U.S. prices to be at world market
+  levels, U.S. grain trade industry officials said.
+      They said that Shultz's comments, while not explicitly
+  endorsing subsidized wheat sales to the USSR, were noteworthy
+  because they were not negative towards such action.
+      In response to a query on what the State Department's
+  position is on selling subsidized wheat to Moscow, Shultz told
+  the leaders of the National Association of Wheat Growers that
+  prices must be competitive if the U.S. is going to trade.
+      The Soviet Union, the world's largest grain importer, has
+  bought no U.S. wheat for more than a year, complaining the
+  price was far above world market levels. A U.S. offer last fall
+  to sell the Soviets lower-priced wheat through the export
+  enhancement program, EEP, was also rebuffed due to the price.
+      Shultz was said to be adamantly against the U.S. wheat
+  offer last year and has been reported to be one of the major
+  obstacles in making another subsidy overture to the Soviet
+  Union, grain industry sources said.
+      Intense speculation the U.S. might make a fresh EEP wheat
+  offer to the Soviets has boosted grain prices significantly in
+  recent trading sessions. Kansas City hard wheat futures rose
+  another 2-1/4 cents by midday at 2.88-1/4 dlrs per bushel,
+  while CBT March wheat was up 1-1/2 cents at 2.92-1/2 dlrs.
+      "I'm not sure this is an about-face, but it's clearly a
+  recognition that unless we're competitive, we won't sell to the
+  Soviet Union," said a lobbyst for a major commodity group.
+      "We have to be competitive. It's ridiculous to say that
+  somebody is going to buy your product if they can get the same
+  thing at a lower price somewhere else," Shultz told the farm
+  leaders. "That is our approach in negotiations with the
+  Soviets," he said.
+      If those comments do signal that the State Department is no
+  longer opposed to the U.S. selling wheat to the USSR under EEP,
+  it certainly improves the chances for an EEP wheat offer to
+  Moscow, an industry lobbyst said.
+      National Wheat Grower's officials were taking a cautious
+  attitude towards the secretary's comments.
+      "His comments were not discouraging, but they didn't in our
+  judgment promise any immediate action on EEP," an official with
+  the wheat group said.
+      The Wheat Growers official noted, however, that "there is
+  significance in that fact that we haven't seen any significant
+  negative commentary on the idea of EEP wheat to the Soviets."
+      In a meeting with exporters this week, Secretary of
+  Agriculture Richard Lyng refused to comment on their request
+  that the administration offer subsidized wheat to Moscow, the
+  officials said.
+      An aide to USDA undersecretary Daniel Amstutz, who is
+  reported to be strongly opposed to EEP wheat to the Soviets,
+  said that the Shultz comments "are consistent with what he
+  (Shultz) has taught for years as an economist," but said they
+  don't necessarily relate to the Soviet Union.
+      Amstutz could not be reached for comment, and an aide to
+  Lyng said Lyng would not comment on Shultz's statements.
+      But trade sources were hopeful that the Shultz comments may
+  indicate some movement towards EEP wheat to Moscow.
+      "If he didn't say no, then there's a chance. This is
+  potentially a positive development," a commodity source said.
+  
+
diff --git a/reuters/training/7329 b/reuters/training/7329
new file mode 100644
index 0000000000000000000000000000000000000000..4957f023dc69d95835016108fe55f248b91be194
--- /dev/null
+++ b/reuters/training/7329
@@ -0,0 +1,5 @@
+NYNEX INCREASES QTRLY DIV TO 95 CTS FROM 87 CTS end of body
+
+  NYNEX INCREASES QTRLY DIV TO 95 CTS FROM 87 CTS end of body
+  
+
diff --git a/reuters/training/733 b/reuters/training/733
new file mode 100644
index 0000000000000000000000000000000000000000..1e54add15982154f9c8b8a9a086b07be1d2f373d
--- /dev/null
+++ b/reuters/training/733
@@ -0,0 +1,17 @@
+ROSPATCH <RPCH> REJECTS DIAGNOSTIC <DRS> BID
+  Rospatch Corp said it
+  rejected a proposal by Diagnostic Retrieval Systems Inc to
+  acquire its stock at 22 dlrs a share.
+      Rospatch's board believes that the long term interests of
+  its shareholders will be best served by continuing as an
+  independent public company at this time, the company said in
+  response to an unsolicited offer from Diagnostic Retrieval.
+      Rospatch said Diagnostic's offer of February 27 is a
+  variation of a previous offer in January, the nature of which
+  was not disclosed.
+      Rospatch said it advised Diagnostic Retrieval that "it
+  would be contrary to the best interests of the corporation
+  to engage in any discussions concerning a business combination
+  with Diagnostic Retrieval."
+  
+
diff --git a/reuters/training/7330 b/reuters/training/7330
new file mode 100644
index 0000000000000000000000000000000000000000..3d87d36308d3b6cf289642044c23ce43449065f4
--- /dev/null
+++ b/reuters/training/7330
@@ -0,0 +1,14 @@
+BURNUP AND SIMS INC <BSIM> 3RD QTR JAN 31 NET
+  Shr profit five cts vs loss 40 cts
+      Net profit 669,000 vs loss 4,256,000
+      Revs 46.1 mln vs 43.8 mln
+      Avg shrs 13.9 mln vs 10.5 mln
+      Nine mths
+      Shr profit 42 cts vs loss 23 cts
+      Net profit 5,529,000 vs loss 2,219,000
+      Revs 152.2 mln vs 139.6 mln
+      Avg shrs 13.3 mln vs 9,489,000
+      NOTE: Current year net both periods includes 1,800,000 dlr
+  gain from sale of property.
+  
+
diff --git a/reuters/training/7331 b/reuters/training/7331
new file mode 100644
index 0000000000000000000000000000000000000000..52862fda667bc4337cefbce440b94b3315975343
--- /dev/null
+++ b/reuters/training/7331
@@ -0,0 +1,11 @@
+AARON BROTHERS ART MARTS INC <AARN> 4TH QTR NET
+  Qtr ended Jan 31
+      Shr 48 cts vs 38 cts
+      Net 1,171,000 vs 794,000
+      Revs 15.6 mln vs 14.0 mln
+      Year
+      Shr 85 cts vs eight cts
+      Net 1,831,000 vs 266,000
+      Revs 50.4 mln vs 46.5 mln
+  
+
diff --git a/reuters/training/7332 b/reuters/training/7332
new file mode 100644
index 0000000000000000000000000000000000000000..2c71f161e1eae6563cbaaf7ff873112eb8311c3f
--- /dev/null
+++ b/reuters/training/7332
@@ -0,0 +1,24 @@
+QUAKER STATE <KSF> ARRANGES 100 MLN DLR CREDIT
+  Quaker State Oil Refining Corp
+  said it signed a 100 mln dlr revolving credit and term loan
+  agreement with a group of six banks, for which Mellon Bank N.A.
+  is agent.
+      The four-year arrangement has an additional four-year term
+  loan amortization agreement, Quaker said.
+      Quaker said the credit line will be used to finance
+  expansion plans. Quaker's total capital spending program for
+  1987 is expected to exceed 125 mln dlrs, it said. In 1986, the
+  company's capital spending totaled 71.0 mln dlrs.
+      Quaker also said costs of new store openings and new
+  product introductions will depress earnings in the first half.
+  For the first half of 1986, Quaker reported net income of 26.0
+  mln dlrs on sales of 473.5 mln dlrs.
+      In the first two months, Quaker opened about 25 new stores.
+  It said it expects to add 150 Minit-Lube fast lubrication
+  service centers in 1987 at a cost of 75 mln dlrs.
+      The company said it is optimistic it will recover in the
+  second half and report higher earnings for full year fiscal
+  1987. The company reported net income of 50.3 mln dlrs on sales
+  of 899.1 mln dlrs for 1986.
+  
+
diff --git a/reuters/training/7336 b/reuters/training/7336
new file mode 100644
index 0000000000000000000000000000000000000000..8d9d930c433cd4682c233e2acfb3c0b34ecc18f5
--- /dev/null
+++ b/reuters/training/7336
@@ -0,0 +1,26 @@
+EC TO ABOLISH TAX ON SPANISH MAIZE EXPORTS
+  The European Community Commission has
+  decided to abolish a special tax of eight Ecus per tonne
+  imposed on exports of Spanish maize, Commission sources said.
+      They said the tax, which applies to Spanish sales to EC and
+  non-EC countries alike, would no longer be required on exports
+  from Spanish ports south of Valencia.
+      The decision was taken at a meeting of the authority's
+  cereals management committee today.
+      The tax had been introduced last September at the same time
+  as a subsidy of eight Ecus per tonne was brought in for exports
+  of maize to Spain from other EC member countries.
+      The aim of the tax was to prevent the maize imported into
+  Spain from the other EC states with the help of subsidies from
+  being reexported back to them.
+      The sources added that Spain had received no answer from
+  the committee to its request that tenders be opened for the
+  sale to third countries of 450,000 tonnes of maize.
+      The request will be considered at the committee's next
+  meeting, the commission sources said.
+      Madrid estimates that it needs to import 1.7 mln tonnes of
+  maize this year, while an EC-U.S. accord guarantees non-EC
+  producer sales to Spain of two mln tonnes of maize and 300,000
+  tonnes of sorghum annually for the next four years.
+  
+
diff --git a/reuters/training/7337 b/reuters/training/7337
new file mode 100644
index 0000000000000000000000000000000000000000..21afe6ae38873e6cb43f8d651f1a55df5e56c680
--- /dev/null
+++ b/reuters/training/7337
@@ -0,0 +1,12 @@
+GREAT <GAMI> TO BUY STANDARD<SRD> UNITS' ASSETS
+  Great American Management and
+  Investment Inc said its 80 pct-owned subsidiary agreed to buy
+  certain assets of two subsidiaries of Standard Oil Co, for 40
+  mln dlrs and the assumption of certain liabilities.
+      Great American Industrial Group Inc agreed to acquire all
+  the U.S. and United Kingdom assets of Pfaudler Co and the stock
+  of certain Brazilian, Mexican, and West German subsidiaries of
+  Kennecott Mining Corp, it said. Pfaudler and Kennecott are
+  subsidiaries of Standard Oil.
+  
+
diff --git a/reuters/training/7338 b/reuters/training/7338
new file mode 100644
index 0000000000000000000000000000000000000000..404adc67c166df6adad26116954143b5ab106b62
--- /dev/null
+++ b/reuters/training/7338
@@ -0,0 +1,10 @@
+KMS INDUSTRIES INC <KMSI> YEAR NET
+  Oper shr three cts vs three cts
+      Oper net 511,000 vs 550,000
+      Revs 19.7 mln vs 17.7 mln
+      Avg shrs 15,777,000 vs 16,074,000
+      NOTE: Earnings exclude gains from utilization of tax loss
+  caryforwards of 398,000 dlrs, or three cts a share vs 455,000
+  dlrs, or three cts a share
+  
+
diff --git a/reuters/training/7339 b/reuters/training/7339
new file mode 100644
index 0000000000000000000000000000000000000000..3cf6d4edb9e068b4f7fc6ebd24cd82fc04a7a060
--- /dev/null
+++ b/reuters/training/7339
@@ -0,0 +1,5 @@
+WICKES COS INC 4TH QTR SHR LOSS TWO CTS VS PROFIT 14 CTS
+
+  WICKES COS INC 4TH QTR SHR LOSS TWO CTS VS PROFIT 14 CTS
+  
+
diff --git a/reuters/training/734 b/reuters/training/734
new file mode 100644
index 0000000000000000000000000000000000000000..87b4723b55a35c1f85d8e52bafe7c20ea50ceedb
--- /dev/null
+++ b/reuters/training/734
@@ -0,0 +1,10 @@
+SYNTECH INTERENATIONAL INC <SYNE> 4TH QTR NET
+  Shr profit six cts vs loss 4.51 dlrs
+      Net profit 815,167 vs loss 12,955,562
+      Revs 7,981,022 vs 2,954,488
+      Year
+      Shr profit 16 cts vs loss 7.22 dlrs
+      Net profit 2,446,100 vs loss 19,175,931
+      Revs 23.6 mln vs 14.6 mln
+  
+
diff --git a/reuters/training/7341 b/reuters/training/7341
new file mode 100644
index 0000000000000000000000000000000000000000..5dd1eafba06d56d90b7456164ef6040ed36d5c52
--- /dev/null
+++ b/reuters/training/7341
@@ -0,0 +1,7 @@
+TO-FITNESS <TFIT> IN DISTRIBUTION DEAL
+  To-Fitness Inc said it
+  has been named exclusive Florida distributor for the hardpack
+  version of the frozen dessert Tofutti by Tofutti Brands Inc
+  <TOF>, replacing Pillsbury Co's <PSY> Haagen Dazs.
+  
+
diff --git a/reuters/training/7342 b/reuters/training/7342
new file mode 100644
index 0000000000000000000000000000000000000000..74c064b37f7216814fc3eda4e0ae546daf6f15a9
--- /dev/null
+++ b/reuters/training/7342
@@ -0,0 +1,28 @@
+FIRST FINANCIAL <FFMC> BIDS FOR COMDATA <CDN>
+  First Financial Management corp said it
+  has offered to acquire Comdata Network Inc for 18 dlrs per
+  share in cash and stock, or a total of about 342.7 mln dlrs.
+      The company said for each Comdata share it would exchange
+  half a First Data share and enough cash to bring the total
+  value up to 18 dlrs per share, provided that the market price
+  of First Financial stock were not less than 28 dlrs per share.
+      It said the cash payment would be based on the average
+  market price of First Financial during a period shortly before
+  closing.
+      First Financial said it would not pursue the offer if
+  Comdata's board rejected it.  Comdata has already agreed to be
+  acquired by a partnership for either 15 dlrs a share in cash or
+  at least 10 dlrs in cash and uniuts of securities.
+      The partnership that made the first offer for Comdata was
+  Welsh, Carson, Anderson and Stowe.  Comdata had previously
+  entered into an agreement, which collapsed, for a repurchase of
+  six mln shares at 14.50 dlrs each and for the sale of one mln
+  shares by a director to <Mason Best Co>. Mason Best already
+  owns 1,800,000 Comdata shares.
+      A group led by <Rosewood Financial Inc> has also disclosed
+  ownership of 6.2 pct of Comdata's 19.0 mln shares outstanding
+  and said it might seek to increase its interest to over 15 pct.
+      The company said Comdata shareholder approval would also be
+  required for its proposal.
+  
+
diff --git a/reuters/training/7344 b/reuters/training/7344
new file mode 100644
index 0000000000000000000000000000000000000000..d26e969de4d9aa39349916dd800d2c887d8a4881
--- /dev/null
+++ b/reuters/training/7344
@@ -0,0 +1,9 @@
+POP RADIO <POPX> GETS RITE AID <RAD>
+  POP Radio Corp said it has signed a
+  seven-year agreement to provide Rite Aid Corp with in-store
+  customized disc jocky-hosted radio programs, resulting in an
+  increase of more than 50 pct in the total number of stores POP
+  now has under contract.
+      Value was not disclosed.
+  
+
diff --git a/reuters/training/7346 b/reuters/training/7346
new file mode 100644
index 0000000000000000000000000000000000000000..230377f47be2932b60887bb7ff8216fb9adf6ba8
--- /dev/null
+++ b/reuters/training/7346
@@ -0,0 +1,6 @@
+ALLIANCE FINANCIAL CORP <ALFL> DIVIDEND SET
+  Qtly div 22 cts vs 22 cts previously
+      Pay April 15
+      Record March 31
+  
+
diff --git a/reuters/training/7349 b/reuters/training/7349
new file mode 100644
index 0000000000000000000000000000000000000000..9c7752147150aa670989d5dba02bc04b2c85ed91
--- /dev/null
+++ b/reuters/training/7349
@@ -0,0 +1,9 @@
+NYNEX <NYN> INCREASES QTRLY CASH DIVIDEND
+  Nynex Corp said it is raising its
+  quarterly dividend to 95 cts from 87 cts payable May 1, 1987,
+  to shareholders of record March 31.
+      The company said this was the third consecutive year it has
+  raised its quarterly cash dividend. It added it had a
+  two-for-one stock split in May 1986.
+  
+
diff --git a/reuters/training/735 b/reuters/training/735
new file mode 100644
index 0000000000000000000000000000000000000000..64e10842cf75e851a90263c8af2242697e58243d
--- /dev/null
+++ b/reuters/training/735
@@ -0,0 +1,12 @@
+INT'L MINERALS <IGL> BUYS ANIMAL PRODUCTS UNIT
+  International Minerals and
+  Chemical Corp said it completed its acquisition of Johnson and
+  Johnson Co's Pitman-Moore unit, a producer of animal health
+  products.
+      Terms of the acquisition were not disclosed. International
+  Minerals and Chemical said annual sales of the unit are about
+  45 mln dlrs.
+      Pitman-Moore makes health products for pets and for farm
+  and feedstock animals.
+  
+
diff --git a/reuters/training/7352 b/reuters/training/7352
new file mode 100644
index 0000000000000000000000000000000000000000..4072ead30abfe55603c986a9893707b463185010
--- /dev/null
+++ b/reuters/training/7352
@@ -0,0 +1,14 @@
+VULCAN <VUL> WITHDRAWS JONES/VINING <JNSV> BID
+  Vulcan Corp said it was
+  discontinuing its efforts to negotiate a purchase of the common
+  stock of Jones and Vining Inc.
+      On February 6, Vulcan, a Cincinnati maker of shoe lasts and
+  other products, offered five dlrs a share for all of Jones and
+  Vining common, subject to certain conditions.
+      Vulcan said it is dropping the proposal because it believes
+  subsequent actions by Jones and Vining are hostile and Vulcan
+  is only interested in a friendly transaction.
+      Jones and Vining makes shoe lasts and shoe components. It
+  has about 3.7 mln shares outstanding.
+  
+
diff --git a/reuters/training/7353 b/reuters/training/7353
new file mode 100644
index 0000000000000000000000000000000000000000..de5cce5af4041276efae51ddda132dfa130cd821
--- /dev/null
+++ b/reuters/training/7353
@@ -0,0 +1,8 @@
+TEMPO <TPO> TO SELL CABLE SYSTEMS TO EAGLE
+  Tempo Enterprises Inc said it
+  signed a letter of intent to sell seven cable television
+  systems, representing about 5,000 subscribers, to <Eagle
+  Cable>.
+      Terms of the acquisition were not disclosed.
+  
+
diff --git a/reuters/training/7354 b/reuters/training/7354
new file mode 100644
index 0000000000000000000000000000000000000000..034c3b73a7e8f286ab0f2deac1ff0ad419ebdd93
--- /dev/null
+++ b/reuters/training/7354
@@ -0,0 +1,8 @@
+ERBAMONT <ERB> ACQUIRES ANTIBIOTICOS S.A.
+  Erbamont N.V. said its major
+  shareholder <Montedison SpA>, which owns 85 pct of its common,
+  and Farmitalia Carlo Erba, its 75 pct owned subsidiary, have
+  acquired <Antibioticos S.A.> and related subsidiaries.
+      Terms of the acquisition were not disclosed.
+  
+
diff --git a/reuters/training/7355 b/reuters/training/7355
new file mode 100644
index 0000000000000000000000000000000000000000..d920260df312c91d1b467da88a5cc664c80b6759
--- /dev/null
+++ b/reuters/training/7355
@@ -0,0 +1,39 @@
+UK CROSS FIELD PRT RELIEF FAVOURS SMALLER FIELDS
+  The "cross field allowance" relief on
+  Petroleum Revenue Tax (PRT) announced by U.K. Chancellor of the
+  Exchequer Nigel Lawson this week will favour smaller non-PRT
+  paying fields, according to stockbrokers Wood Mackenzie and Co.
+      The cross field allowance offsets up to 10 pct of
+  qualifying spending on a new oil field against PRT liability of
+  other fields. It is restricted to new offshore developments
+  outside the southern basin and yet to gain Annex B approval.
+      A report by the stockbrokers said that on a new field not
+  paying PRT due to its small size, the relief would directly
+  benefit in PRT saving on an existing field.
+      "The cross field allowance will mainly benefit participators
+  in those fields which have no PRT liability," the report said,
+  adding that the timing of development of such fields may be
+  advanced.
+      The government would in effect be subsidising these
+  developments at 7.5 pct of capital expenditure before
+  corporation tax, the report said.
+      On fields likely to pay PRT in the future, the benefit is
+  of timing. Although liabilities on other existing fields will
+  be reduced immediately, liabilities on larger new fields will
+  rise in the future due to the loss of offsets, it said.
+      In a study on probable fields, the report said that when
+  the rates of return are examined, the rise for a PRT-paying
+  field such as Miller, the largest undeveloped oil field in the
+  U.K. North Sea, is from 18.7 to 19 pct, while the rise for a
+  small non-PRT paying field such as Kittiwake is 15.9 to 17.9
+  pct.
+      The report added that in fields which pay PRT, there will
+  be a cost in being able to have this early relief. Not only
+  will these costs be unavailable for offset against the field's
+  future profits, but uplift of some 35 pct on these costs will
+  be lost.
+      Thus, a saving of PRT of 100 when field development starts
+  will have to be matched by a rise in PRT of 135 at a later
+  time.
+  
+
diff --git a/reuters/training/7356 b/reuters/training/7356
new file mode 100644
index 0000000000000000000000000000000000000000..fc1fe42a6ffa835f98adc3d8a5e3fd91ba5600f8
--- /dev/null
+++ b/reuters/training/7356
@@ -0,0 +1,71 @@
+CONGRESSMEN URGE U.S. SOYBEAN PROGRAM CHANGES
+  Several leading farm-state
+  Congressmen said they will press the U.S. Agriculture
+  Department to implement some kind of marketing loan to make
+  soybeans exports competitive while protecting farm income.
+      Speaking at a House grains subcommittee hearing, chairman
+  Dan Glickman, D-Kan., proposed that Congressmen and
+  representatives of soybean growers meet with USDA on the
+  subject in the next two weeks.
+      "Let's see if we can try to push them (USDA) to do
+  something without legislation," Glickman told the hearing.
+      The current soybean loan rate effectively is 4.56 dlrs per
+  bushel with no income protection, or marketing loan.
+      David Haggard, American Soybean Association, ASA, president
+  said USDA must make changes in the soybean program.
+      The current soybean program "gave us the worst of both
+  worlds," ASA's Haggard told the hearing. The 1987 loan rate is
+  too high relative to corn and is encouraging an expansion of
+  soybean production in South America, he said. At the same time,
+  the U.S. soybean loan rate is too low to provide any income
+  support for soybean farmers, Haggard said.
+      "We need some kind of market loan," he added.
+      The 1985 farm bill provides authority for the Agriculture
+  Secretary to implement a marketing loan for soybeans but USDA
+  so far has resisted pressure to use the authority.
+      Representatives of ASA met earlier this month with USDA,
+  but Haggard said USDA officials gave no indication if they
+  would seriously consider offering a marketing loan.
+      USDA undersecretary Daniel Amstutz yesterday said the
+  soybean situation is a "dilemna" which has been studied
+  extensively by the department. But he did not say what, if any
+  changes, are under consideration.
+      In his testimony, Haggard indicated there are ways other
+  than a marketing loan which should be considered to help
+  soybean growers, such as a so-called producer option payment,
+  or a direct payment program.
+      Haggard said barring any program changes, Commodity Credit
+  Corporation, CCC, soybean stocks, now at 385 mln bu, will rise
+  to 500 mln by the end of August. A further 100 mln bu of
+  soybeans could be forfeited between September and end-year.
+      "Thus, CCC could own the equivalent of Brazil's entire
+  soybean crop by the end of calendar year 1987," Haggard said.
+      However, Haggard said that the U.S. should be cautious in
+  making soybean program changes that might allow the European
+  Community to challenge the U.S. program under the General
+  Agreement on Tariffs and Trade, GATT.
+      He noted that The EC imports one quarter of U.S. soybean
+  production and loss of that market would be devastating.
+      The Reagan administration has given "mixed signals" on
+  whether it believes a marketing loan for soybeans could be
+  successfully challenged in GATT by the EC, Haggard said.
+      While the ASA position is to support a 5.02 dlrs per bu
+  loan rate combined with a marketing loan, Haggard also endorsed
+  a proposal by Rep. Jerry Huckaby, D-La., which would set a six
+  dlrs per bu loan rate and apply a marketing loan.
+      The Huckaby proposal is also supported by the ranking
+  Republican on the House Agriculture committee, Rep. Edward
+  Madigan of Illinois.
+      Subcommittee chairman Glickman endorsed the need to take
+  some action on soybeans, but cautioned that the marketing loan
+  could mean a substantial increase in budget costs.
+      Glickman noted that the Agriculture Committee must cut one
+  to 1.5 billion dlrs from its fiscal 1988 budget and therefore
+  must fit any soybean program changes into the overall budget.
+      Haggard said at a soybean loan rate of six dlrs per bu
+  combined with a marketing loan, the U.S. soybean price might
+  fall to four dlrs per bu initially. This would cost the
+  government a maximum of two billion dlrs. But he said the costs
+  would decline as market prices recovered.
+  
+
diff --git a/reuters/training/7357 b/reuters/training/7357
new file mode 100644
index 0000000000000000000000000000000000000000..93a7d3829476e6b6a921eba5d2b0d23ace6c3efc
--- /dev/null
+++ b/reuters/training/7357
@@ -0,0 +1,17 @@
+RAISE IN BRAZIL FCOJ EXPORT PRICES NOT CONFIRMED
+  There is no confirmation
+  that Brazil's major processors of Frozen Concentrated Orange
+  Juice, FCOJ, will raise export prices of the product to 1,375
+  dlrs per tonne from April 1, a spokesman for the Brazilian
+  Association of Citrus Juice Industries (Abrassuco) said.
+      Asked to comment on a report from New York that Cutrale and
+  Citrosuco had sent telexes to customers informing of the price
+  raise, Jose Carlos Goncalves said Abrassuco was not aware of
+  it.
+      "All we know is that Cacex has increased the dollar amount
+  to translate FOB price to ex-dock New York price to 1,050 dlrs
+  from 770 dlrs," Goncalves said.
+      Citrosuco and Cutrale officials were not available for
+  comment.
+  
+
diff --git a/reuters/training/7358 b/reuters/training/7358
new file mode 100644
index 0000000000000000000000000000000000000000..63f17e4409967d7476b28a91c41ce1ba6c661efb
--- /dev/null
+++ b/reuters/training/7358
@@ -0,0 +1,10 @@
+ALDEN ELECTRONICS <ADNEA> SETS LOWER DIVIDEND
+  Alden Electronics Inc said
+  its board declared an annual dividend of 15 cts per share on
+  Class A and B common stock, down from 25 cts last year due to
+  an expected drop in earnings for the year ended March 28.
+      The dividend is payable April 15 to holders of record on
+  April 3.
+      Alden earned 1,357,000 dlrs last year.
+  
+
diff --git a/reuters/training/7359 b/reuters/training/7359
new file mode 100644
index 0000000000000000000000000000000000000000..d483149b7b092f191f47e0d8edff592e39a83f7d
--- /dev/null
+++ b/reuters/training/7359
@@ -0,0 +1,23 @@
+WICKES COS INC <WIX> 4TH QTR LOSS
+  Shr loss two cts vs profit 14 cts
+      Net loss 2,515,000 vs profit 28,569,000
+      Sales 1.41 billion vs 885.2 mln
+      Avg shrs 239.2 mln vs 104.4 mln
+      Year
+      Shr profit 33 cts vs profit 47 cts
+      Net profit 83,750,000 vs profit 76,130,000
+      Sales 4.77 billion vs 2.81 billion
+      Avg shrs 198.8 mln vs 98.3 mln
+      Note: Current qtr and year figures include gains on
+  securities sales of 3.9 mln dlrs and 38 mln dlrs, respectively.
+      Prior qtr and year figures include gain on securities sales
+  of 3.9 mln dlrs.
+      Current qtr and year figures include extraordinary loss of
+  6.9 mn dlrs and gain of 9.9 mln dlrs, respectively.
+      Prior qtr and year figures include operating loss
+  carryforward gains of 7.6 mln dlrs and 35.5 mln dlrs,
+  respectively.
+      Prior qtr and year figures include gains from discontinued
+  operations of 6.6 mln dlrs and 12.6 mln dlrs, respectively.
+  
+
diff --git a/reuters/training/736 b/reuters/training/736
new file mode 100644
index 0000000000000000000000000000000000000000..a0aae7a8beb4af0a4fb444813e285f4b0522ebbf
--- /dev/null
+++ b/reuters/training/736
@@ -0,0 +1,13 @@
+JWT <JWT> NOT APPROACHED BY GROUP SEEKING SHARES
+  JWT Group Inc has not been approached
+  by former Ted Bates Worldwide Chairman Robert Jacoby about the
+  possibility of a syndicate buying a 35 pct stake in JWT Group
+  on a friendly basis, a company spokesman said.
+      He said JWT would have no comment on an Advertising Age
+  report that Jacoby is considering heading up a venture capital
+  syndicate to purchase a 35 pct stake in JWT group.
+      Jacoby was not immediately available for comment on the
+  report. Ted Bates is now owned by <Saatchi and Saatchi>, the
+  world's largest advertising agency.
+  
+
diff --git a/reuters/training/7362 b/reuters/training/7362
new file mode 100644
index 0000000000000000000000000000000000000000..1b1354f76438ae3bb14a97a2824cc0b795580d53
--- /dev/null
+++ b/reuters/training/7362
@@ -0,0 +1,10 @@
+AZURE VENTURES TO BUY ADVERTISING UNIT
+  <Azure Ventures Ltd> said it
+  signed a letter of intent to acquire John Paul Richards and
+  Associates Inc.
+      The company said if the merger is approved by shareholders
+  of both companies, the shareholders of John Paul Richards would
+  become majority shareholders, owning 60 pct of the common
+  stock, of the new public company.
+  
+
diff --git a/reuters/training/7363 b/reuters/training/7363
new file mode 100644
index 0000000000000000000000000000000000000000..78f5128214ceb708f64a9e72b0576af2895e6f08
--- /dev/null
+++ b/reuters/training/7363
@@ -0,0 +1,7 @@
+SCOTT <SCOT> DECLARES FIRST PAYOUT
+  Scott and Stringfellow Financial
+  Inc said it declared its first quarterly dividend of three
+  cents per share payable April 15 to shareholders of record
+  April one.
+  
+
diff --git a/reuters/training/7366 b/reuters/training/7366
new file mode 100644
index 0000000000000000000000000000000000000000..702f2a8be418d94d00a4704ab9300f8ae2dd2906
--- /dev/null
+++ b/reuters/training/7366
@@ -0,0 +1,79 @@
+TEXAS COMMERCE <TCB> SEES IMPROVEMENT IN 1987
+  Texas Commerce Bancshares Inc said that
+  relatively stable oil prices and the bank's planned merger with
+  Chemical New York Corp <CHL> would help 1987 earnings increase
+  from last year's profits of 20 mln dlrs.
+      Texas Commerce chairman Ben Love, in an interview with
+  Reuters, did not elaborate on how much the bank expected
+  earnings to increase.
+      "We would anticipate that this year would be an improvement
+  over last because we are stronger," Love said, referring to
+  Texas Commerce's pending 1.19 billion dlr merger with Chemical.
+  The merger, which may be finalized as early as May 1, will
+  lower Texas Commerce's cost of funding by an estimated 10 to 15
+  basis points, Love said.
+      The Texas Commerce-Chemical merger is the only acquisition
+  by a major out-of-state bank since Texas lawmakers approved
+  interstate banking effective January 1.
+      Hard-hit by loan losses in energy and real estate in Texas'
+  struggling economy, the only major Texas banks able to report
+  profits in 1986 were Texas Commerce and RepublicBank which
+  earned 54.0 mln dlrs. Allied Bancshares Inc <ALBN> lost 17.6
+  mln dlrs, MCorp <M> lost 82.1 mln dlrs, InterFirst lost 326.5
+  mln dlrs and First City Bancorporation <FBT>, which is actively
+  seeking a merger or other form of new capital, lost 402.0 mln
+  dlrs.
+      Love said Texas Commerce had turned the corner on its
+  energy loan portfolio problems, but added that the bank's
+  nonperforming real estate loans may increase during 1987.
+      "I think the tidal wave in energy has passed over us," he
+  said. "The fact that the real estate market is still moving
+  away suggests there could be some continuing growth of
+  nonperforming loans."
+      In 1986, about 42 pct of Texas Commerce's net loan losses
+  related to real estate lending and 13 pct was due to energy
+  loan losses. That compares to 1985 when only 17 pct of the
+  bank's losses were in real estate and energy accounted for 43
+  pct.
+      More than half of Texas Commerce's nonperforming loans,
+  which totaled 968 mln dlrs at yearend 1986, up from 840 mln
+  dlrs the year before, were in real estate.
+      Love said he believed the real estate loan problems for
+  Texas Commerce and other major state banks would peak by the
+  third or fourth quarter of 1987. Absorption of empty office
+  buildings in Houston, which has a current vacancy rate of about
+  30 pct, will be a gradual process that could take up to four
+  years, he said.
+      "I think we may be beginning to stabilize this economy. Oil
+  at 18 dlrs a barrel brings much more confidence than 10 dlrs a
+  barrel," he said.
+      Texas Commerce will retain its name as a separate
+  subsidiary of Chemical and plans to aggressively expand its
+  holdings throughout Texas, offering additional products to
+  build up its consumer banking business, Love said. "We are
+  resuming what we did best for years -- an offensive position,"
+  he said.
+      In January, Texas Commerce acquired a failed bank in
+  Montgomery County, adjacent to the Houston metropolitan area,
+  and earlier this month opened a new bank in San Antonio. Texas
+  Commerce plans to add more banks in San Antonio and in the
+  Dallas-Fort Worth area where it currently has only 16 member
+  banks, he said.
+      One day after the Texas Commerce acquisition was announced
+  in December, InterFirst Corp <IFC> and RepublicBank Corp <RPT>,
+  both headquartered in Dallas, agreed to merge in a deal valued
+  at 570 mln dlrs.
+      The combination of former archrivals RepublicBank and
+  InterFirst, giving the two banks a virtual lock on the Dallas
+  banking market, has not changed Texas Commerce's expansion
+  plans for the state's second-largest city, Love said. "We think
+  we can try to get a little part of their roost," he said.
+      The Chemical partnership will also give Texas Commerce an
+  edge in developing new consumer products, he said.
+      "We have always been a wholesale bank but we have more than
+  one million customers all over the state. Chemical will show us
+  how to take advantage of enhancing our consumer products," he
+  said, referring to expansion of such existing products as
+  credit cards and investment banking.
+  
+
diff --git a/reuters/training/7367 b/reuters/training/7367
new file mode 100644
index 0000000000000000000000000000000000000000..fbeb41607209f9062e00c5e07a8b96a57cbe06d0
--- /dev/null
+++ b/reuters/training/7367
@@ -0,0 +1,13 @@
+CSCE PUTS ADDITIONAL MARGIN ON JULY COFFEE
+  An additional margin of 1,000 dlrs
+  will be required on all July 1987 delivery coffee "C" contracts
+  as of the opening of trade Monday, March 23, the Coffee, Sugar
+  and Cocoa Exchange, CSCE, said.
+      The March contract ends trading this week, making May and
+  July the two "spot," or unlimited, contract months next week.
+      Members will then have to obtain a minimum 3,500 dlrs for
+  net long or net short positions in the May and July contracts,
+  including a 2,500 original margin plus the additional 1,000 dlr
+  spot charge.
+  
+
diff --git a/reuters/training/7370 b/reuters/training/7370
new file mode 100644
index 0000000000000000000000000000000000000000..3bf5385c7d951972935cc4602d81af344d3b57d1
--- /dev/null
+++ b/reuters/training/7370
@@ -0,0 +1,7 @@
+ODYSSEY FILMPARTNERS <ODYY> DROPS MERGER TALKS
+  Odyssey Filmpartners Ltd
+  said is terminated discussions to acquire <United Color Labs>,
+  pursuant to a Jan 27 letter of intent for it to buy the company
+  for stock and cash.
+  
+
diff --git a/reuters/training/7375 b/reuters/training/7375
new file mode 100644
index 0000000000000000000000000000000000000000..8224bbccf73149fbdb6d39aa94d47fc9383b24c9
--- /dev/null
+++ b/reuters/training/7375
@@ -0,0 +1,50 @@
+SPRINKEL URGES GREATER GROWTH IN JAPAN, EUROPE
+  Beryl Sprinkel, chairman of
+  the president's council of economic advisors, said stronger
+  domestic demand growth in Japan and Western Europe is needed to
+  help stimulate U.S. exports without having to rely on futher
+  dollar declines.
+      "Stronger domestic demand growth in the major foreign
+  industrial countries is needed to engender the much needed
+  expansion of U.S. export markets without having to rely on
+  further dollar depreciation," he told the Futures Industry
+  Association.
+      Sprinkel said the recent recovery of domestic demand in
+  Japan and Europe has been one of the weakest in the post-war
+  period.
+      "Stronger domestic demand growth in the major industrial
+  countries would help give balance to the current world
+  recovery," he said.
+      Asked if Japan was not living up to commitments made last
+  month to trading partners, he said recent figures showed
+  Japan's economy grew by about 0.5 pct in the fourth quarter of
+  1986, "Not enough to sustain employment growth."
+      However, Sprinkel said Japan had not reneged on its pledges
+  and was moving toward more stimulative policies, including tax
+  reform. "I suspect there will be further moves," he said.
+      Sprinkel repeated his call for further cuts in U.S.
+  government spending and for resistance to tax increases.
+      "Reducing the federal government budget deficit by
+  expenditure restraint is needed to preserve the low marginal
+  tax rates achieved by tax reform," he said, adding that "a vote
+  to increase to government expenditures is a vote against tax
+  reform."
+      Sprinkel said the fall of the dollar had substantially
+  restored U.S. cost competitiveness and that the deterioration
+  of the U.S. trade balance appeared to have abated.
+      However, he said that "sole reliance on dollar depreciation
+  to reduce our trade deficit is not desirable," as it risks
+  inflation in the United States and recession abroad.
+      "I am confident that further improvements in our trade
+  performance will contribute significantly to growth in 1987," he
+  said. Improvements in the U.S. trade balance, he said, will
+  come about largely from a swing in manufactures trade and
+  present "serious adjustment problems for U.S. trading partners."
+      Western Europe, where manufactures output and employment
+  have been weak, promises to be especially hard hit by the
+  improvement in the U.S. trade balance, Sprinkel said.
+      He defended flexible exchange rates saying wide swings in
+  rates were not a fault of the system but of the undesirable
+  policies that produced them.
+  
+
diff --git a/reuters/training/7379 b/reuters/training/7379
new file mode 100644
index 0000000000000000000000000000000000000000..ca1ad13f49917a38a1907cbd8b79ee64d71937fa
--- /dev/null
+++ b/reuters/training/7379
@@ -0,0 +1,13 @@
+BROWN TRANSPORT <BTCI> SEES RECORD 1987 NET
+  Brown Transport Co said it expects to
+  report record 1987 results with revenues increasing to 214 mln
+  dlrs and earnings per share between 1.25 dlrs and 1.30 dlrs.
+      Brown reported 1986 net income of 1.05 dlrs per share, or
+  5.45 mln dlrs, on revenues of 191.7 mln dlrs.
+      Last week the company declared an initial quarterly
+  dividend of four cts.
+      the company said it will begin paying a regular quarterly
+  dividend in the second quarter but the board has not yet
+  determined the exact amount.
+  
+
diff --git a/reuters/training/7381 b/reuters/training/7381
new file mode 100644
index 0000000000000000000000000000000000000000..396f1fce7fab06e4bf1e93d123531034d9a5d922
--- /dev/null
+++ b/reuters/training/7381
@@ -0,0 +1,14 @@
+BOMBAY <CURY> BASES GROWTH ON LOCATION, COSTS
+  Bombay Palace Restaurants Inc, with its
+  emphasis on location and low food costs, expects its 1987 sales
+  to increase 150 pct to about 22 mln dlrs from about 8.5 mln
+  dlrs in 1986, according to President Sant S. Chatwal.
+       Chatwal told members of the Dallas financial community at
+  a lunchtime briefing, "we go for prime locations everywhere and
+  make sure our leases are very favorable."
+       As previously announced, the company expects to report
+  1986 earnings of about 700,000 dlrs, or 31 to 33 cts a share,
+  on revenues of 8.5 mln dlrs. Chatwal said the final figures
+  would be released in about two days.
+  
+
diff --git a/reuters/training/7382 b/reuters/training/7382
new file mode 100644
index 0000000000000000000000000000000000000000..83129655de6c7f62ac6f553b56cad0b55be3113c
--- /dev/null
+++ b/reuters/training/7382
@@ -0,0 +1,20 @@
+AMERITRUST <AMTR> PROPOSES 2-FOR-1 STOCK SPLIT
+  AmeriTrust Corp said its board
+  proposed a two-for-one split of its common, subject to
+  stockholder approval at its May 14 annumal meeting.
+      The company also said it intends to recommend an increase
+  in its annual regular dividend to at least two dlrs per share
+  before the split, beginning with the May dividend. The current
+  annual payout is 1.76 dlr per share.
+      AmeriTrust currently has about 20.9 mln shares outstanding
+  with 25 mln authorized shares. It said shareholders will be
+  asked to approve an increase in authorized common to 100 mln
+  shares.
+      Ameritrust also said it will submit for shareholder
+  approval an amendment to the company's charter regarding
+  liability and indemnification of directors and a recommendation
+  to create a classified board.
+      AmeriTrust's total year-end assets were over 11.1 billion
+  dlrs.
+  
+
diff --git a/reuters/training/7385 b/reuters/training/7385
new file mode 100644
index 0000000000000000000000000000000000000000..46ccda928564ee7e9fbcb54c68c244ce49516c64
--- /dev/null
+++ b/reuters/training/7385
@@ -0,0 +1,6 @@
+FIRST FEDERAL OF MICHIGAN <FFOM> DIVIDEND HIKE
+  Qtly div 12 cts vs 10 cts previously
+      Pay May 11
+      Record April 10
+  
+
diff --git a/reuters/training/7386 b/reuters/training/7386
new file mode 100644
index 0000000000000000000000000000000000000000..b713d1b60feb49fc56e7fd1ec90dcd39ddd10a3b
--- /dev/null
+++ b/reuters/training/7386
@@ -0,0 +1,13 @@
+UNITED JERSEY BANKS <UJB> TO MERGE TWO BANKS
+  United Jersey Banks said it
+  plans to merge two of its southern New Jersey member banks into
+  one 704 mln dlr organization.
+      It said United Jersey Bank/Fidelity Bank, based in
+  Pennsauken, will be merged into United Jersey Bank/South in
+  order to improve customer service and maximize efficiency
+  throughout the southern New Jersey markets.
+      Raymond Silverstein, currently chairman of the board of
+  United Jersey Bank/Fidelity, will be chairman of the merged
+  bank, the company said.
+  
+
diff --git a/reuters/training/7387 b/reuters/training/7387
new file mode 100644
index 0000000000000000000000000000000000000000..2a62c827ce9801e92b9bede75a33c31ba9f1cb0a
--- /dev/null
+++ b/reuters/training/7387
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 900,000 TONNES CORN  SOLD TO THE USSR FOR 1986/87
+
+  U.S. EXPORTERS REPORT 900,000 TONNES CORN  SOLD TO THE USSR FOR 1986/87
+  
+
diff --git a/reuters/training/7388 b/reuters/training/7388
new file mode 100644
index 0000000000000000000000000000000000000000..80e47a52bbf13a44d6aabeb3ab931d52c8d17b88
--- /dev/null
+++ b/reuters/training/7388
@@ -0,0 +1,12 @@
+HELDOR INDUSTRIES <HLDR> 1ST QTR LOSS
+  Qtr ends Jan 31
+      Shr loss 38 cts vs loss 60 cts
+      Net loss 1,388,000 vs 2,181,000
+      Revs 8,199,000 vs 6,668,000
+      NOTE: 1987 qtr includes tax gain 964,000 for insurance
+  claims.
+      1987 qtr also includes non-recurring expense 150,000 for
+  discontinued operations and consolidation of four distribution
+  service centers.
+  
+
diff --git a/reuters/training/7389 b/reuters/training/7389
new file mode 100644
index 0000000000000000000000000000000000000000..fa79b5d87fc746f2e9ae59229a15ef85f20f4dd8
--- /dev/null
+++ b/reuters/training/7389
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 350,000 TONNES CORN  SWITCHED FROM UNKNOWN TO USSR FOR 1986/87
+
+  U.S. EXPORTERS REPORT 350,000 TONNES CORN  SWITCHED FROM UNKNOWN TO USSR FOR 1986/87
+  
+
diff --git a/reuters/training/739 b/reuters/training/739
new file mode 100644
index 0000000000000000000000000000000000000000..b99922afb5af445d332b0a9711f88030f40bed09
--- /dev/null
+++ b/reuters/training/739
@@ -0,0 +1,12 @@
+COEUR D'ALENE MINES CORP <COUR> 4TH QTR LOSS
+  Shr loss 18 cts vs loss one ct
+      Net loss 1,343,000 vs loss 49,000
+      Revs 6,778,000 vs 1,976,000
+      Year
+      Shr loss 67 cts vs loss ten cts
+      Net loss 4,693,000 vs loss 672,000
+      Revs 14.0 mln vs 7,034,000
+      Note: 1986 loss included one-time loss of 3,624,000 dlrs on
+  write-off of certain silver, oil and gas interests.
+  
+
diff --git a/reuters/training/7390 b/reuters/training/7390
new file mode 100644
index 0000000000000000000000000000000000000000..dbc44d80c047d8ab037474c2a1a42491036d139b
--- /dev/null
+++ b/reuters/training/7390
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 143,000 TONNES CORN  SOLD TO TAIWAN FOR 1986/87, 1987/88
+
+  U.S. EXPORTERS REPORT 143,000 TONNES CORN  SOLD TO TAIWAN FOR 1986/87, 1987/88
+  
+
diff --git a/reuters/training/7391 b/reuters/training/7391
new file mode 100644
index 0000000000000000000000000000000000000000..46d9f35c692f78102795a6747c96db9739c31097
--- /dev/null
+++ b/reuters/training/7391
@@ -0,0 +1,79 @@
+TALKING POINT/AMERICAN EXPRESS <AXP>
+  American Express Co's plan to sell a
+  stake in its Shearson Lehman Brothers is believed to be a
+  prelude to a public offering of shares in the brokerage unit,
+  analysts said.
+      American Express earlier said it has a general
+  understanding with Nippon Life Insurance Co of Japan to sell a
+  13 pct interest in Shearson for 530 mln dlrs.
+      The statement triggered a rise in other brokerage stocks,
+  as investors speculated on the possibility of more investment
+  in the U.S. brokerage industry by Japanese concerns.
+      The stocks of brokerage firms also climbed in response to
+  the relatively high value Nippon put on its stake in the U.S.
+  firm. Analysts said the 530 mln dlrs for 13 pct represents a
+  price of 2.7 times book value.
+      Perrin Long of Lipper analytical said the brokerage stocks,
+  depressed somewhat by the dark cloud of the U.S. insider
+  trading scandal, closed out February at a market value of 1.8
+  times book value.
+      American Express was trading today at 78-1/4, off 3/8. For
+  the last several weeks, the stock has been strong on rumors of
+  a spinoff of part of Shearson.
+      Analysts said American Express and its Shearson unit will
+  benefit from the doors Nippon Life can open to the increasingly
+  important Tokyo financial markets.
+      "I think this, in all honesty, is a preliminary step," said
+  Long.
+      "What you will see probably in the future is American
+  Express selling an additional 17 pct in the public market and
+  have a public vehicle for Shearson," Long said.
+      "Normally, investors do not make a major capital commitment
+  into an illiquid situation," he said of Nippon.
+      Some analysts previously speculated a 20 pct stake in
+  Shearson might be sold to the public. They said the firm, like
+  other investment banks, needs capital to expand globally.
+      American express has said the total employees of shearson
+  will expand by 20 pct in 1987 internationally. However, that
+  number is substantially lower than growth last year, a company
+  spokesman said.
+      American Express officials would not comment beyond a
+  statement made this morning. That statement, however, did not
+  close off the possibility of a public offering or other option
+  for Shearson.
+      David Anthony, a Smith Barney analyst, said it is possible
+  Shearson would be partially sold to the public. But he believes
+  the firm will digest the Nippon investment first.
+      "I think they'll figure out what they're going to do with
+  the money they have," he said.
+      Joan Goodman, an analyst with Pershing and Co, also said
+  American Express could determine to sell shares to the public.
+      In its statement, the financial services giant said it is
+  continuing to study various plans for Shearson in addition to
+  the investment by Nippon.
+      American Express said options under study range from
+  expanding Shearson's capacity to meet international competition
+  to broadening its access to capital.
+      American Express also said the options reflect the
+  continuing integral role of Shearson in American Express'
+  worldwide financial services strategy.
+      Shearson follows Goldman, Sachs and Co in finding a
+  Japanese partner. Goldman last year sold a 12.5 pct stake to
+  Sumitomo Bank in exchange for a 500 mln dlr capital infusion.
+      Analysts speculated there will be more such matches.
+      "Those (U.S. brokers) companies have the expertise. They
+  don't have the money. There's just not enough internal capital
+  growth," said Wertheim analyst James Hanbury, who follows other
+  U.S. brokerage companies.
+      Hanbury said some Japanese companies, flush with cash, are
+  interested in the expertise of American brokers. "Those
+  (Japanese) companies have the capital and our companies have
+  the capital needs and the growth opportunities to use the
+  money. That's a nice marriage," he said.
+      Morgan Stanley and Co <MS> rose 4-1/4 to 74-7/8. First
+  Boston Corp <FBC> was up one to 51-1/4. E.F. Hutton Group <EFH>
+  rose 1-1/4 to 41-1/8, and PaineWebber Group <PWJ> climbed 7/8
+  to 37-3/4. Merrill Lynch and Co, recommended today by a
+  PaineWebber analyst, rose 2-5/8 to 45-3/8.
+  
+
diff --git a/reuters/training/7394 b/reuters/training/7394
new file mode 100644
index 0000000000000000000000000000000000000000..f183615046723cc2eee96248544b9df1cba2b9f5
--- /dev/null
+++ b/reuters/training/7394
@@ -0,0 +1,22 @@
+ITALIAN PANEL URGES EXCHANGE LIBERALIZATION
+  Liberalization of Italy's foreign exchange
+  controls should be "gradual" but also "reasonably rapid," a report
+  issued by a study committee nominated by the Italian Treasury
+  Ministry said.
+     The report, looking at the country's financial development
+  prospects, said Italy's large public sector deficit and growing
+  public debt were among the considerations that made a gradual
+  liberalization preferable.
+      The report also favoured retention of the lira's six pct
+  oscillation band with the European Monetary System (EMS) during
+  the liberalization process in order to lessen short-term
+  domestic interest rate fluctuations which could result from
+  portfolio adjustments.
+      The lira's fluctuation margin is currently significantly
+  higher than that allowed for other EMS currencies.
+      Italy has over recent months announced a series of
+  deregulation moves in response to a European Community
+  directive aimed at creating a genuine common market in goods,
+  services and finance by 1992.
+  
+
diff --git a/reuters/training/7395 b/reuters/training/7395
new file mode 100644
index 0000000000000000000000000000000000000000..c40fabdc7743473f317e05b26d488fb4747e70bc
--- /dev/null
+++ b/reuters/training/7395
@@ -0,0 +1,18 @@
+USDA REPORTS CORN SOLD TO USSR, TAIWAN
+  The U.S. Agriculture Department said
+  private U.S. exporters reported new sales of 900,000 tonnes of
+  corn to the Soviet Union and 350,000 tonnes of corn switched
+  from previously announced unknown destinations to the USSR.
+      The corn is for delivery during the 1986/87 marketing year
+  and under the fourth year of the U.S.-USSR Long Term Grain
+  Supply Agreement, the USDA said.
+      The department said exporters also reported corn sales of
+  143,000 tonnes for delivery to Taiwan, with 56,000 tonnes for
+  shipment in the 1986/87 season and the balance for shipment in
+  the 1987/88 year.
+      The marketing year for corn began September 1.
+      Sales of corn to the USSR for delivery during the fourth
+  year of the agreement, which ends this September 30, now total
+  2.25 mln tonnes.
+  
+
diff --git a/reuters/training/7397 b/reuters/training/7397
new file mode 100644
index 0000000000000000000000000000000000000000..b32deb76e8f6cfe2d6761c3af1d2935cdd1e6d02
--- /dev/null
+++ b/reuters/training/7397
@@ -0,0 +1,17 @@
+CALTEX RAISES SINGAPORE OIL PRODUCT PRICES
+  Caltex Petroleum Corp, a joint venture
+  between Chevron Corp <CHV> and Texaco Inc <TX>, said it raised
+  posted prices for several petroleum products in Singapore,
+  effective today.
+       The company said its naphtha posting is up three cts a
+  gallon to 43 cts. It said it is raising jet and kerosene
+  postings 2.5 cts, bringing jet to 52.5 cts and kerosene to 51.5
+  cts.
+      Diesel grades are up two cts, Caltex said, bringing both
+  diesel gas oil (one pct sulfur) and 52-57 D.I. (55 cetane) to
+  52 cts a gallon, and diesel gas oil (0.5 pct) to 52 cts.
+      The company said it is increasing medium and heavy fuel oil
+  postings by one dlr a barrel. Medium is now 15.50 dlrs a
+  barrel, and heavy fuel is 14.75 dlrs.
+  
+
diff --git a/reuters/training/7398 b/reuters/training/7398
new file mode 100644
index 0000000000000000000000000000000000000000..d3e430bf8ab038a420c1c7355a89baa93be87ee8
--- /dev/null
+++ b/reuters/training/7398
@@ -0,0 +1,12 @@
+ PENSION INSURANCE GROUP <PGAI> 4TH QTR NET
+  Shr profit two cts vs profit two cts
+      Net profit 216,000 vs profit 265,000
+      Revs 1,661,000 vs 1,376,000
+      12 mths
+      Shr profit four cts vs loss two cts
+      Net profit 528,000 vs loss 290,000
+      Revs 5,881,000 vs 5,541,000
+      NOTE: full name of company is pension insurance group of
+  america inc.
+  
+
diff --git a/reuters/training/74 b/reuters/training/74
new file mode 100644
index 0000000000000000000000000000000000000000..9d7183ba723da7bc5900417c66d7b1d0c71fd92f
--- /dev/null
+++ b/reuters/training/74
@@ -0,0 +1,17 @@
+ATICO FINANCIAL CORP <ATFC> 4TH QTR NET
+  Shr 30 cts vs 5.92 dlrs
+      Net 1,142,000 vs 16.0 mln
+      Revs 10.6 mln vs 24.2 mln
+      Year
+      Shr 90 cts vs 6.20 dlrs
+      Net 3,320,000 vs 16.9 mln
+      Revs 45.00 mln vs 26.2 mln
+      NOTE: 1986 4th qtr and yr amounts include acquisition of
+  98.8 pct of common of Atico, formerly Peninsula Federal Savings
+  and Loan Association, on January 24, 1986.
+      1985 4th qtr and yr net include net gain of 15.9 mln dlrs
+  or 5.86 dlrs per share on exchange of common of Pan America
+  Banks Inc for common of NCNB Corp purusant to a merger of the
+  companies.
+  
+
diff --git a/reuters/training/7404 b/reuters/training/7404
new file mode 100644
index 0000000000000000000000000000000000000000..af66e59064789b3e073f667f71dfdde993d86e4e
--- /dev/null
+++ b/reuters/training/7404
@@ -0,0 +1,11 @@
+SEA CONTAINERS LTD <SCR> 4TH QTR LOSS
+  Shr loss 4.95 dlrs vs loss 75 cts
+      Net loss 48.2 mln vs loss 4,644,000
+      Revs 133.4 mln vs 135.6 mln
+      12 mths
+      Shr loss 6.28 dlrs vs profit 2.48 dlrs
+      Net loss 67.6 mln vs profit 25.7 mln
+      Revs 638.9 mln vs 573.1 mln
+      Avg shrs 10,771,260 vs 10,355,728
+  
+
diff --git a/reuters/training/7406 b/reuters/training/7406
new file mode 100644
index 0000000000000000000000000000000000000000..0796ecd28301411081a8c2005bc278ac44fedac1
--- /dev/null
+++ b/reuters/training/7406
@@ -0,0 +1,15 @@
+LATIN COFFEE PRODUCERS SEEK ICO PRICE SUPPORT
+  This weekend's meeting of Latin
+  American coffee producers here will call for the International
+  Coffee Organisation (ICO) to start talks aimed at firming
+  prices, Nicaraguan foreign trade minister Alejandro Martinez
+  Cuenca said.
+      He said those countries which had confirmed their presence
+  were Brazil, Mexico, Guatemala, El Salvador, Costa Rica and
+  Panama. Colombia had been invited but he did not know if it
+  would attend.
+      Martinez Cuenca told reporters central america alone had
+  lost some 700 mln dlrs through the weakness of world coffee
+  prices, partially caused by lack of an ICO quota agreement.
+  
+
diff --git a/reuters/training/7407 b/reuters/training/7407
new file mode 100644
index 0000000000000000000000000000000000000000..b76e09871196d937c23a0a4e9ce14b8cbb777c57
--- /dev/null
+++ b/reuters/training/7407
@@ -0,0 +1,13 @@
+AMBASSADOR FINANCIAL <AFGI> UNIT TO BUY BUILDER
+  Ambassador Financial Group Inc
+  said its Ambassador Real Estate Equities Corp, agreed to buy
+  Heritage Quality Construction Co Inc.
+      Ambassador said its unit would purchase 100 pct of
+  Heritage's stock for an initial payment of approximately
+  500,000 dlrs and subsequent payments in cash over a five-year
+  period equal to 50 pct of the net after-tax profit of Heritage.
+      If the acquisition is consummated, Ambassador said it
+  agreed to contribute 250,000 dlrs to the existing capital of
+  Heritage.
+  
+
diff --git a/reuters/training/7408 b/reuters/training/7408
new file mode 100644
index 0000000000000000000000000000000000000000..5a3dc48f65869a98def7998839d54b9d02176551
--- /dev/null
+++ b/reuters/training/7408
@@ -0,0 +1,28 @@
+TRANSCO PARTNERSHIP <TXP> GAS RESERVES RISE
+  Transco Exploration Partners Ltd said
+  participation in 14 new discoveries increased its proved gas
+  reserves to 558.1 billion cubic feet in 1986, up from 541.5
+  billion cubic feet in the previous year.
+      Proved reserves of liquids remained about the same at 25.1
+  mln barrels, the company said in the 1986 annual just released
+  by Transco Energy Co <E>, the majority owner of the Transco
+  Exploration partnership.
+      Transco said that anticipated oil and gas prices during
+  1987 would continue to exert pressure on the profitability of
+  most energy companies.
+      The Transco pipeline system reached permanent take-or-pay
+  settlements on about half its committed gas deliverability and
+  interim agreements for another 38 pct of its deliverability,
+  the annual report said. The company said it paid a total of
+  about 363 mln dlrs to producers through Februry one out of its
+  550 mln dlr reserve to settle the take-or-pay disputes.
+      Transco said its gas pipeline delivered more than 1.2
+  trillion cubic feet last year and its marketing affiliate sold
+  an average of 1.6 billion cubic feet of gas per day.
+      The company's exploration partnership received an average
+  price of 1.84 dlrs per mln cubic feet for gas sales during
+  1986, down from 3.04 dlrs in 1985.
+      Sales of oil and condensate averaged 15.86 dlrs per barrel
+  last year, down from 27.41 dlrs per barrel in 1985.
+  
+
diff --git a/reuters/training/741 b/reuters/training/741
new file mode 100644
index 0000000000000000000000000000000000000000..7660536ec0ed7291cf6526843e40d9eeabbf4da3
--- /dev/null
+++ b/reuters/training/741
@@ -0,0 +1,11 @@
+FOOTE MINERAL <FTE> SELLS CAMBRIDGE PLANT
+  Foote Mineral Co said it signed a
+  letter of intent with Shieldalloy Corp, a wholly-owned
+  subsidiary of <Metallurg Inc>, for the sale of its Cambridge,
+  Ohio, business.
+      The company said the sale, which will be explained in
+  greater detail after the definitive agreement has been signed,
+  is part of Foote's previously-announced plan to sell the entire
+  company.
+  
+
diff --git a/reuters/training/7410 b/reuters/training/7410
new file mode 100644
index 0000000000000000000000000000000000000000..dc44da820a36034d7efdf2ee79118aea2133d302
--- /dev/null
+++ b/reuters/training/7410
@@ -0,0 +1,8 @@
+<ROYAL GOLD AND SILVER CORP> 1ST QTR NET
+  ended January 31
+      Shr profit two cts vs loss one ct
+      Net profit 130,000 vs loss 46,000
+      Sales 5,042,000 vs nil
+      Note: 1987 includes gain of 112,000 dlrs from sale.
+  
+
diff --git a/reuters/training/7413 b/reuters/training/7413
new file mode 100644
index 0000000000000000000000000000000000000000..523f6744da67fa7045dc14d27f1e6a6ebcab82c0
--- /dev/null
+++ b/reuters/training/7413
@@ -0,0 +1,6 @@
+JP STEVENS AND CO INC <STN> SETS PAYOUT
+  Qtrly div 30 cts vs 30 cts prior
+      Pay April 30
+      Record April 3
+  
+
diff --git a/reuters/training/7419 b/reuters/training/7419
new file mode 100644
index 0000000000000000000000000000000000000000..bd3762492f06263b4cf36bd7af0d76e9b9eb5527
--- /dev/null
+++ b/reuters/training/7419
@@ -0,0 +1,5 @@
+N.Y. BUSINESS LOANS FALL 572 MLN DLRS IN MARCH 11 WEEK, FED SAYS
+
+  N.Y. BUSINESS LOANS FALL 572 MLN DLRS IN MARCH 11 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/742 b/reuters/training/742
new file mode 100644
index 0000000000000000000000000000000000000000..6e875af7bc7b6bebfb801b247e2e0eb9723274aa
--- /dev/null
+++ b/reuters/training/742
@@ -0,0 +1,38 @@
+U.S. WHEAT GROUPS CALL FOR GLOBAL ACTION
+  All major grain producing countries
+  must do their part to help reduce global surpluses and the
+  recent Australian farm policy proposals are flawed, two U.S.
+  wheat organizations said.
+      The recent Australian proposals were a good starting point
+  for discussions, "but we do not want the Australians to feel
+  they are alone in developing an agenda for discussions" on world
+  grain trade, the president of the National Association of Wheat
+  Growers, NAWG, and the chairman of U.S. Wheat Associates said
+  in a letter to U.S. Agriculture Secretary Richard Lyng and U.S.
+  Trade Representative Clayton Yeutter.
+      Future discussions on international wheat trade should
+  include three topics -- a commitment to privatization of
+  government-run export trading entities, a commitment to public
+  disclosure of sales and other terms if government entities are
+  involved, and a recognition that supply reductions by the U.S.
+  have kept world prices higher than they otherwise would be, the
+  two organizations said 
+      While the Australian proposals are welcome the two
+  organizations said they are not in total agreement with their
+  assessments.
+      Australia's proposals, which aim to reduce U.S. target
+  prices and "quarantine" U.S. wheat stocks, would continue to
+  place the burden of supply adjustment and reform on U.S.
+  farmers, they said.
+        Other countries, including Australia, have benefitted
+  from the higher world prices that have resulted from past U.S.
+  acreage and crop reduction programs, the organizations said.
+      "We will not continue to hurt ourselves economically -- and
+  subsidize foreign wheat production -- by unilaterally stocking
+  grain and changing programs which protect our growers," Jim
+  Miller, president of NAWG said.
+      "We sincerely hope for some type of agreement among the
+  world's major grain producing nations to reduce stocks and
+  restore profitability to agriculture," Miller said.
+  
+
diff --git a/reuters/training/7420 b/reuters/training/7420
new file mode 100644
index 0000000000000000000000000000000000000000..e18a4092a20ca062d5a5ad0561230709df32b02c
--- /dev/null
+++ b/reuters/training/7420
@@ -0,0 +1,5 @@
+U.S. COMMERCIAL PAPER RISES 2.98 BILLION DLRS IN MARCH 11 WEEK, FED SAYS
+
+  U.S. COMMERCIAL PAPER RISES 2.98 BILLION DLRS IN MARCH 11 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/7421 b/reuters/training/7421
new file mode 100644
index 0000000000000000000000000000000000000000..84a677167307f4081edef566acf94b441172d3c6
--- /dev/null
+++ b/reuters/training/7421
@@ -0,0 +1,13 @@
+NEW YORK BUSINESS LOANS DROP 572 MLN DLRS
+  Commercial and industrial loans on the
+  books of the 10 major New York banks, excluding acceptances,
+  fell 572 mln dlrs to 64.297 billion in the week ended March 11,
+  the Federal Reserve Bank of New York said.
+      Including acceptances, loans fell 475 mln dlrs to 65.16
+  billion.
+      Commercial paper outstanding nationally increased 2.98
+  billion dlrs to 339.00 billion.
+      National business loan data are scheduled to be released on
+  Friday.
+  
+
diff --git a/reuters/training/7423 b/reuters/training/7423
new file mode 100644
index 0000000000000000000000000000000000000000..da76e6634c6e54169e02d3044189aa1b400591d6
--- /dev/null
+++ b/reuters/training/7423
@@ -0,0 +1,35 @@
+AMOCO <AN> OIL RESERVES DOWN, GAS UP IN 1986
+  Amoco Corp's petroleum liquids reserves
+  total 2.42 billion barrels at the end of 1986, down from 2.77
+  billion a year earlier, but its natural gas reserves increased
+  to 15.37 trillion cubic feet from 15.14 trillion, the company's
+  annual report said.
+      It said the drop in crude oil and natural gas liquid
+  reserves reflected downward revisions of previous estimates
+  caused by the sharp drop in oil prices last year. This
+  accounted for 178 mln barrels of a worldwide downward revision
+  of 188 mln barrels, with 158 mln barrels of the total revision
+  occurring in the United States, the report said.
+      Amoco said there were upward revisions in the size of its
+  worldwide gas reserves totalling 404 billion cubic feet last
+  year, while it discovered 568 billion cubic feet and purchased
+  298 billion cubic feet of reserves.
+      Production of one trillion cubic feet offset much of these
+  gains, the report said.
+      All of the gas reserve purchases, as well as all of the 14
+  mln barrels of oil reserves bought in 1986, were in the United
+  States, Amoco said, noting it has spent 1.1 billion dlrs to
+  acquire U.S. producing properties over the past three years.
+      Commenting on 1987, Amoco said acquisitions "will be an
+  integral part of our strategy, should reserves become available
+  at attractive prices."
+      The company said it expects "the marketing climate for
+  natural gas to improve in 1987, which should provide the
+  opportunity for Amoco to expand sales. As prices and demand
+  improve, we are poised to accelerate capital spending on our
+  inventory of attractive opportunities."
+      Amoco previously announced a 1987 capital spending budget
+  of 3.2 billion dlrs. Such spending totaled 3.18 billion dlrs
+  last year, down from 5.31 billion in 1985.
+  
+
diff --git a/reuters/training/7424 b/reuters/training/7424
new file mode 100644
index 0000000000000000000000000000000000000000..148c614878220e0df9f6f90c89a6faf7c129886b
--- /dev/null
+++ b/reuters/training/7424
@@ -0,0 +1,31 @@
+QUEBEC CAISSE EARNS THREE BILLION DLRS IN 1986
+  Caisse de depot et placement du
+  Quebec, the government agency which manages the province's
+  pension funds, said its investment portfolio earned a net
+  profit of almost three billion Canadian dlrs in 1986, an
+  increase of 300 mln dlrs over 1985.
+      The agency said in its annual statement that it had assets
+  with a total book value of 25 billion dlrs, or a market value
+  of 28 billion dlrs, at the end of 1986.
+      These holdings had a rate of return of 13.5 pct in the
+  year, which was below the Caisse's average return of 16 pct in
+  the past four years and 14.2 pct in the past eight years.
+      The Caisse said foreign equity investments represented 3.6
+  pct of total assets, while U.S. government securities accounted
+  for another 5.2 pct of the overall portfolio.
+      The agency's holding of U.S. government securities yielded
+  a return of 20.7 pct for the year, significantly more than
+  either the 14.1 pct earned on the total bond portfolio or the
+  13.5 pct for all funds under management.
+      "These high liquidity securities, which are held on a
+  temporary basis and for purposes of strategy and the protection
+  of the overall bond portfolio, have been efficient," the agency
+  said of the U.S. securities.
+      The agency said it has 7.9 billion dlrs invested in
+  Canadian private sector businesses after channeling 965 mln
+  dlrs of new funds into this area in 1986.
+      The Caisse said it acquired 825 mln of new Government of
+  Quebec bonds and 342 mln dlrs of new securities from other
+  Quebec government issuers during the year.
+  
+
diff --git a/reuters/training/7425 b/reuters/training/7425
new file mode 100644
index 0000000000000000000000000000000000000000..24ca486081f22a18c323b48524981f6236720ae4
--- /dev/null
+++ b/reuters/training/7425
@@ -0,0 +1,5 @@
+U.S. M-1 MONEY SUPPLY RISES 500 MLN DLRS IN MARCH 9 WEEK, FED SAYS
+
+  U.S. M-1 MONEY SUPPLY RISES 500 MLN DLRS IN MARCH 9 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/7426 b/reuters/training/7426
new file mode 100644
index 0000000000000000000000000000000000000000..56d5ff1b47a6771ce985841db60a790473c888bf
--- /dev/null
+++ b/reuters/training/7426
@@ -0,0 +1,5 @@
+U.S. BANK DISCOUNT BORROWINGS AVERAGE 228 MLN DLRS A DAY IN MARCH 18 WEEK, FED SAYS
+
+  U.S. BANK DISCOUNT BORROWINGS AVERAGE 228 MLN DLRS A DAY IN MARCH 18 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/7427 b/reuters/training/7427
new file mode 100644
index 0000000000000000000000000000000000000000..d580626c9225d0a64df53ded1fd3e08df1665498
--- /dev/null
+++ b/reuters/training/7427
@@ -0,0 +1,25 @@
+ASEA GROUP <ASEAY> SEES FLAT 1987 EARNINGS
+  Asea Group, the diversified industrial
+  concern based in Vasteras, Sweden, said it expects 1987
+  earnings, after financial income and expense, to be flat
+  compared with 1986, when it earned 2.53 billion Swedish crowns,
+  or 371.1 mln dlrs.
+      A company spokesman said 1986 results were boosted
+  significantly by the booking of two large orders for nuclear
+  power plants.
+      This gain, he said, will be balanced in 1987 by a return to
+  profitability by Asea's power transmission segment, which had a
+  loss of 183 mln crowns, or 26.9 mln dlrs, last year.
+      Currency conversions were made at 6.81 crowns to the dlr.
+      The spokesman said the company has built up a strong
+  backlog of orders that will contribute to earnings in 1988 and
+  beyond.
+      At yearend 1986, Asea's order backlog stood at 32.7 billion
+  crowns, or 4.8 billion dlrs, up from 30.9 billion, or 4.5
+  billion dlrs, at the end of 1985.
+      Asea has operations in power generation and transmission,
+  transportation equipment, pollution control and robotics.
+      Total sales in 1986 were 46 billion crowns, or 6.8 billion
+  dlrs.
+  
+
diff --git a/reuters/training/7428 b/reuters/training/7428
new file mode 100644
index 0000000000000000000000000000000000000000..82623a7b6e36e608526e8cac145580d5f58f1b70
--- /dev/null
+++ b/reuters/training/7428
@@ -0,0 +1,34 @@
+U.S. BANK DISCOUNT BORROWINGS 228 MLN DLRS
+  U.S. bank discount window borrowings
+  less extended credits averaged 228 mln dlrs in the week to
+  Wednesday March 18, the Federal Reserve said.
+      Total borrowings in the week rose 83 mln dlrs to 502 mln
+  dlrs, with extended credits up three mln dlrs at 274 mln dlrs.
+  The week was the first half of a two-week statement period. Net
+  borrowing in the prior week averaged 148 mln dlrs.
+      Commenting on the two-week statement period that ended on
+  March 11, the Fed estimated that banks had daily average net
+  free reserves of 759 mln dlrs rather than the 660 mln dlrs
+  first reported.
+      A Fed spokesman told a press briefing that there were no
+  large single day net misses in the Fed's reserve projections in
+  the first week of the latest bank statement period.
+      None of the 14 large money center banks borrowed from the
+  discount window during the week and all of the Wednesday
+  borrowing was made by the smallest banks. For the week as a
+  whole, the borrowing was split roughly evenly between the large
+  regionals and the small banks.
+      Natural float ranged from a low of near zero on Thursday --
+  for which the Fed spokesman could give no particular reason --
+  to a high of nearly 750 mln dlrs on Tuesday.
+      The Tuesday peak included about 100 mln dlrs of
+  transportation float in mid- and south-Atlantic states. Noting
+  that the weather was "basically good" for March, the spokesman
+  said that transportation float averaged under 500 mln dlrs a
+  day for the full week.
+      Float related as-ofs were a negative 400 mln dlrs on
+  Wenesday due to a number of unrelated cash letter error
+  corrections in five districts.
+      As-ofs peaked at just over 500 mln dlrs on Tuesday.
+  
+
diff --git a/reuters/training/7429 b/reuters/training/7429
new file mode 100644
index 0000000000000000000000000000000000000000..bc72246927747ebbbc4aaff584c7d55b182e250e
--- /dev/null
+++ b/reuters/training/7429
@@ -0,0 +1,15 @@
+LAWSON REPEATS HE IS CONTENT WITH STERLING LEVEL
+  U.K. Chancellor of the Exchequer Nigel
+  today repeated that he was satisfied with the current level of
+  sterling, both against the dollar and the West German mark.
+      Lawson said in a television interview that he did not
+  regard the pound's present exchange rate was uncomfortably
+  high.
+      "I think it is round about right," he said.
+      "I think there was a time that they (British manufacturers)
+  thought the (exchange) rate was uncomfortably high. But I think
+  they are very satisfied with the present level."
+      "But I have made it absolutely clear that I don't want to
+  see the pound go through the roof," he added.
+  
+
diff --git a/reuters/training/743 b/reuters/training/743
new file mode 100644
index 0000000000000000000000000000000000000000..72542a5c4dd12ed1a10737a2873e9e85f85a02b0
--- /dev/null
+++ b/reuters/training/743
@@ -0,0 +1,17 @@
+GELCO <GEL> SEES FLAT 1987 PRETAX OPERATING NET
+  Gelco Corp said that,
+  excluding the effects of a restructuring plan, it expects
+  pre-tax operating earnings for the year to end July 31, 1987,
+  to be about the same as those of last year.
+      For the year ended July 31, 1986, Gelco reported pre-tax
+  operating earnings of 14.8 mln dlrs, or 1.08 dlrs a share.
+      However, final results will be affected by certain charges
+  including legal and investment advisors fees, preferred stock
+  dividends and other costs of restructuring, it said.
+      Expenses associated with restructuring are expected to be
+  offset by "significant" gains from the sale of some of Gelco's
+  business units, it said.
+      The final outcome for the fiscal year will be determined by
+  the timing and proceeds from the sale, it added.
+  
+
diff --git a/reuters/training/7432 b/reuters/training/7432
new file mode 100644
index 0000000000000000000000000000000000000000..9a171f7286b853eb0ade9a422def844aabc13e0d
--- /dev/null
+++ b/reuters/training/7432
@@ -0,0 +1,10 @@
+BUTLER NATIONAL CORP <BUTL> 3RD QTR JAN 31
+  Shr profit nil vs loss one ct
+      Net profit 1,136 vs loss 42,840
+      Revs 1,490,718 vs 1,151,176
+      Nine mths
+      Shr profit three cts vs profit five cts
+      Net profit 89,900 vs profit 150,523
+      Revs 4,520,393 vs 4,078,441
+  
+
diff --git a/reuters/training/7433 b/reuters/training/7433
new file mode 100644
index 0000000000000000000000000000000000000000..ab872d8b358a52f3cf31303edb2520bb73584dfb
--- /dev/null
+++ b/reuters/training/7433
@@ -0,0 +1,11 @@
+FCS <FCSI> RECEIVES MERGER PROPOSAL
+  FCS Laboratories said its
+  investment banker, Butcher and Singer Inc, received a
+  preliminary merger proposal from another company in the
+  healthcare field.
+      FCS said that if various aspects of the proposal are better
+  defined, its board may consider it. FCS said merger
+  negotiations with this other company have been continuing since
+  late August.
+  
+
diff --git a/reuters/training/7437 b/reuters/training/7437
new file mode 100644
index 0000000000000000000000000000000000000000..caeb85f16d8812c9e1ad2e449e47f406791959bf
--- /dev/null
+++ b/reuters/training/7437
@@ -0,0 +1,12 @@
+U.S. M-1 MONEY SUPPLY RISES 500 MLN DLRS
+  U.S. M-1 money supply rose 500 mln
+  dlrs to a seasonally adjusted 738.7 billion dlrs in the March 9
+  week, the Federal Reserve said.
+      The previous week's M-1 level was revised to 738.2 billion
+  dlrs from 738.0 billion, while the four-week moving average of
+  M-1 rose to 738.2 billion dlrs from 737.2 billion.
+      Economists polled by Reuters said that M-1 would be
+  anywhere from unchanged to up five billion dlrs. The average
+  forecast called for a 2.3 billion dlr increase.
+  
+
diff --git a/reuters/training/7438 b/reuters/training/7438
new file mode 100644
index 0000000000000000000000000000000000000000..1f64281c48c35055134d11473642bfdd41e4a8f5
--- /dev/null
+++ b/reuters/training/7438
@@ -0,0 +1,15 @@
+ART'S-WAY MANUFACTURING CO <ARTW> 3RD QTR NET
+  Shr profit 58 cts vs loss 11 cts
+      Net profit 726,000 vs loss 145,000
+      Sales 4,958,000 vs 2,783,000
+      Nine Mths
+      Shr profit 1.08 dlrs vs loss 80 cts
+      Net profit 1,359,000 vs loss 1,013,000
+      Sales 12.6 mln vs 7,145,000
+      NOTE: Fiscal 1987 net profit includes tax credits of
+  372,000 dlrs in the quarter and 643,000 dlrs in the nine
+  months.
+      Periods end February 28, 1987 and 1986, respectively.
+      Art's-Way Manufacturing Co Inc is full name of company.
+  
+
diff --git a/reuters/training/7439 b/reuters/training/7439
new file mode 100644
index 0000000000000000000000000000000000000000..c8496a18260fca956010addb7539547a8b55e57c
--- /dev/null
+++ b/reuters/training/7439
@@ -0,0 +1,10 @@
+PSE INC <POW> 4TH QTR
+  Shr loss 18 cts vs profit 11 cts
+      Net loss 1.5 mln vs profit 868,000
+      Revs 29.3 mln vs 41.1 mln
+      Year
+      Shr loss 41 cts vs profit five cts
+      Net loss 3.1 mln vs profit 409,000
+      Revs 99.2 mln vs 231.7 mln
+  
+
diff --git a/reuters/training/7441 b/reuters/training/7441
new file mode 100644
index 0000000000000000000000000000000000000000..d3e196932231936b7db45528513dd12d4b5c4641
--- /dev/null
+++ b/reuters/training/7441
@@ -0,0 +1,9 @@
+<WARDAIR INTERNATIONAL LTD> YEAR NET
+  Shr 12.84 dlrs vs 3.07 dlrs
+      Net 46,054,000 vs 11,026,000
+      Revs 491.1 mln vs 473.9 mln
+      NOTE: Current net includes gain of 8.51 dlrs a share on
+  disposal of assets.
+      M.W. Ward holds 62 pct voting interest.
+  
+
diff --git a/reuters/training/7442 b/reuters/training/7442
new file mode 100644
index 0000000000000000000000000000000000000000..4477f70a8a3cf931d70044b88dac15c3793b5e1a
--- /dev/null
+++ b/reuters/training/7442
@@ -0,0 +1,24 @@
+SEA CONTAINERS <SCR> EXPECTS BETTER FIRST QTR
+  Sea Containers Ltd predicted
+  its first quarter fiscal 1987 net earnings would improve by 10
+  mln dlrs over the same period a year ago.
+      The company said 1987 got off on a much better footing than
+  fiscal 1986, from which the company recorded a loss of 67.6 mln
+  dlrs, or 6.28 dlrs per share, on revenues of 641.4 mln dlrs.
+      James Sherwood, president of the company, said he expects
+  to record a loss of approximately 12 mln dlrs for the first
+  quarter, compared to losses of approximately 22 mln dlrs for
+  first quarter fiscal 1986.
+      The company emphasized the first quarter is a traditionally
+  slow period for the ferry industry, which is  part of Sea
+  Containers' business.
+      Sherwoood said the company's losses were largely
+  attributable to non-recurring events and provisions. He cited
+  the default of 15 container leasees and ship charterers,
+  costing the company approximately 25 mln dlrs.
+      He also cited a 23 mln dlr cost as a result of a closing
+  two of its subsidiary's ferry services, and a 10.3 mln dlr
+  provision to cover losses on the sale of container assets and
+  severance pay costs.
+  
+
diff --git a/reuters/training/7443 b/reuters/training/7443
new file mode 100644
index 0000000000000000000000000000000000000000..8b4b3b82cf35a7024176f17413553ff68e8635bd
--- /dev/null
+++ b/reuters/training/7443
@@ -0,0 +1,24 @@
+FIRST INTERSTATE <I> ESTIMATES BRAZIL RISKS
+  First Interstate Bancorp said its
+  1987 pre-tax income could be reduced by about 33.5 mln dlrs if
+  it decides to reclassify its 339 mln dlrs in medium- to
+  long-term loans to Brazil as nonperforming.
+      But the company stressed in a filing with the Securities
+  and Exchange Commission that it believes it is too soon to
+  reclassify the debt, despite Brazil's Feb 20 suspension of
+  direct interest payments on medium- and long-term loans.
+      "The corporation believes that it is premature to make a
+  decsion to classify such medium- and long-term debt as
+  nonperforming at this time," First Interstate said.
+      But First Interstate said that if Brazil's suspension of
+  interest payments continues, it may have to reclassify its
+  loans as nonperforming and place them on non-accrual, meaning
+  that interest previously accrued but not paid would be deducted
+  from net income and interest would no longer be accrued.
+      Besides its medium- and long-term debt, First Interstate
+  said it also has 165 mln dlrs in short-term loans or trade
+  lines in Brazil.
+      As of Dec 31, 1986, nonperforming Brazilian outstandings
+  were about 4.1 mln dlrs, it said.
+  
+
diff --git a/reuters/training/7444 b/reuters/training/7444
new file mode 100644
index 0000000000000000000000000000000000000000..3950f7ef6ea078e1c92cd2e26a6b7b65ad0bc035
--- /dev/null
+++ b/reuters/training/7444
@@ -0,0 +1,17 @@
+AMERICAN HOME SHIELD CORP <AHSC> 4TH QTR NET
+  Shr profit 15 cts vs profit 15 cts
+      Net profit 1,025,000 vs profit 969,000
+      Revs 10.9 mln vs 7.8 mln
+      12 mths
+      Shr profit 33 cts vs loss one cts
+      Net profit 2,375,000 vs profit 90,000
+      Revs 38.2 mln vs 20.3 mln
+      NOTE: Revenues figure shows contract revenue, not gross
+  contracts written.
+      Fourth quarter and full year 1986 includes extraordinary
+  gain of 501,000 dlrs and 1,040,000 dlrs, respectively, from tax
+  loss carryforwards.
+      Per share figures come after preferred dividend
+  requirements.
+  
+
diff --git a/reuters/training/7447 b/reuters/training/7447
new file mode 100644
index 0000000000000000000000000000000000000000..fdab7c304ab7ae6dda8c5e7664fdca0d83639914
--- /dev/null
+++ b/reuters/training/7447
@@ -0,0 +1,12 @@
+MAJOR HOME APPLIANCE SHIPMENTS UP IN FEBRUARY
+  Shipments of major home appliances in
+  February rose 9.1 pct to 3.5 mln, up from 3.2 mln a year ago,
+  reported the Association of Home Appliance Manufacturers.
+      It said year to date, total major appliance shipments rose
+  11.4 pct to 7.6 mln from 6.8 mln a year earlier.
+      It said strong shipment gains in four of the five appliance
+  categories resulted in the unprecedented monthly levels, with
+  records set for shipments of refrigerators, automatic washers,
+  disposers, dryers and dishwashers.
+  
+
diff --git a/reuters/training/7449 b/reuters/training/7449
new file mode 100644
index 0000000000000000000000000000000000000000..a3ad29dd05ea3ae094856c69d116ba1bd9c6c10a
--- /dev/null
+++ b/reuters/training/7449
@@ -0,0 +1,10 @@
+TRIANGLE HOME PRODUCTS INC <THP> 4TH QTR LOSS
+  Shr loss 17 cts vs loss 19 cts
+      Net loss 213,000 vs loss 217,000
+      Sales 6,788,000 vs 6,254,000
+      Year
+      Shr loss 22 cts vs loss five cts
+      Net loss 270,000 vs loss 61,000
+      Sales 27.0 mln vs 27.0 mln
+  
+
diff --git a/reuters/training/745 b/reuters/training/745
new file mode 100644
index 0000000000000000000000000000000000000000..ce5d19837a4127bc4e3ead46faee19b752d1dffc
--- /dev/null
+++ b/reuters/training/745
@@ -0,0 +1,7 @@
+UTILICORP <UCU> ACQUIRES DOMINION <D> SUBSIDIARY
+  UtiliCorp United Inc said it
+  has closed the previously announced acquisition of West
+  Virginia Power from Dominion Resources Inc for about 21 mln
+  dlrs.
+  
+
diff --git a/reuters/training/7452 b/reuters/training/7452
new file mode 100644
index 0000000000000000000000000000000000000000..97466f2ddbcbddeb44d49ae034c229567140ffef
--- /dev/null
+++ b/reuters/training/7452
@@ -0,0 +1,10 @@
+REICHHOLD <RCI> RAISES SOME MATERIALS PRICES
+  Reichhold Chemicals Inc said its
+  emulsion polymers division increased by nine cts per dry pound
+  the prices of all styrene-butadiene and polystyrene latexes,
+  effective May 1.
+      It said the increase is in addition to recently announced
+  increases and applies to carpet, paper, nonwovens, textiles,
+  adhesives and other specialty end uses.
+  
+
diff --git a/reuters/training/7453 b/reuters/training/7453
new file mode 100644
index 0000000000000000000000000000000000000000..56bf22221dd46c69e05bc493a10239e7361a57e6
--- /dev/null
+++ b/reuters/training/7453
@@ -0,0 +1,9 @@
+TRI-STAR <TRSP> BUYS CINEPLEX THEATER
+  Tri-Star Pictures Inc said it agreed
+  to acquire the Roosevelt Field Century Theatre from Canada's
+  Cineplex Odeon Corp's RKO Century Warner Theatres Inc for 17
+  mln dlrs.
+      The recently refurbished and expanded theater is located in
+  Garden City, N.Y..
+  
+
diff --git a/reuters/training/7455 b/reuters/training/7455
new file mode 100644
index 0000000000000000000000000000000000000000..10a443603e2b759ab129446a2beb724d53405d50
--- /dev/null
+++ b/reuters/training/7455
@@ -0,0 +1,17 @@
+FRANK B. HALL AND CO INC <FBH> 4TH QTR LOSS
+  Oper shr loss 30 cts vs loss 25 cts
+      Oper net loss 2,138,000 vs loss 2,312,000
+      Revs 99.3 mln vs 89.4 mln
+      Year
+      Oper shr loss 40 cts vs profit 47 cts
+      Oper net profit 4,294,000 vs profit 8,793,000
+      Revs 390.9 mln vs 360.5 mln
+      NOTE: Excludes discontinued operations loss of 1.33 dlrs a
+  share vs 5.35 dlrs a share in the quarter, and loss 1.52 dlrs a
+  share vs loss 13.64 dlrs in the full year.
+      Fourth quarter 1986 includes reserve of nine mln dlrs for
+  operations company plans to sell.
+      Per share figures come after preferred dividend
+  requirements.
+  
+
diff --git a/reuters/training/7459 b/reuters/training/7459
new file mode 100644
index 0000000000000000000000000000000000000000..4d1c721b2fecbb22e6b0b293b538cfaaceec6994
--- /dev/null
+++ b/reuters/training/7459
@@ -0,0 +1,10 @@
+WEISFIELD'S INC <WEIS> 4TH QTR NET
+  Shr 1.09 dlrs vs 1.20 dlrs
+      Net 1,193,000 vs 1,361,000
+      Revs 18.7 mln vs 17.3 mln
+      Year
+      Shr 1.19 dlrs vs 1.52 dlrs
+      Net 1,300,000 vs 1,831,000
+      Revs 50.6 mln vs 48.8 mln
+  
+
diff --git a/reuters/training/7460 b/reuters/training/7460
new file mode 100644
index 0000000000000000000000000000000000000000..3523d29746f03a5a8b36349c568aabd4882abd5d
--- /dev/null
+++ b/reuters/training/7460
@@ -0,0 +1,14 @@
+SINGAPORE EXCHANGE PLANS OPTIONS CONTRACTS
+  The Singapore International
+  Monetary Exchange Ltd, SIMEX, said it would launch at least two
+  options on futures contracts this year.
+      SIMEX said in a press release that the options contracts
+  would be based on the currency and interest rate futures
+  currently traded on the exchange and be started "toward the
+  third quarter."
+      SIMEX, which is linked to the Chicago Mercantile Exchange,
+  currently trades three currency futures -- on Deutsche marks,
+  Japanese yen and British pounds -- and two interest rate
+  futures -- on U.S. Treasury-bonds and three-month Eurodollars.
+  
+
diff --git a/reuters/training/7462 b/reuters/training/7462
new file mode 100644
index 0000000000000000000000000000000000000000..aa81b4199eed1cbcf58c4e53f72a116972a93555
--- /dev/null
+++ b/reuters/training/7462
@@ -0,0 +1,9 @@
+NORRIS OIL CO <NOIL> DEC 31 YEAR LOSS
+  Shr loss 1.55 dlrs vs loss 52 cts
+      Net loss 13,191,000 vs loss 2,254,000
+      Revs 1,179,000 vs 2,003,000
+      Avg shrs 8,520,000 vs 4,330,000
+      Note: Current year loss includes 11.8 mln dlr writedown of
+  oil and gas properties under full cost accounting method.
+  
+
diff --git a/reuters/training/7464 b/reuters/training/7464
new file mode 100644
index 0000000000000000000000000000000000000000..8596626df437333316f89cc352dc0da5ab3fed03
--- /dev/null
+++ b/reuters/training/7464
@@ -0,0 +1,9 @@
+DORSEY <DSY> COMPLETES SALE OF UNIT
+  Dorsey Corp said it
+  completed the sale of substantially all its Dorsey Trailers Inc
+  subsidiary assets to <Trailer Acquisition Corp>, whose
+  stockholders include a former Dorsey vice president and several
+  executives of the Dorsey Trailers management team.
+      Terms of the acquisition were not disclosed.
+  
+
diff --git a/reuters/training/7465 b/reuters/training/7465
new file mode 100644
index 0000000000000000000000000000000000000000..31318a53cdd89d018e790551b210ad063f276032
--- /dev/null
+++ b/reuters/training/7465
@@ -0,0 +1,19 @@
+NAPCO INTERNATIONAL <NPCO> 4TH QTR OPER NET
+  Oper shr 38 cts vs 5.62 dlrs
+      Oper net 400,000 vs 6,173,000
+      Revs 1,195,000 vs 392,000
+      Year
+      Oper shr 94 cts vs 5.65 dlrs
+      Oper net 1,006,000 vs 6,257,000
+      Revs 2,432,000 vs 1,121,000
+      NOTE: 1986 operating net for the quarter and year excludes
+  a loss on the disposal of certain businesses of 2.15 mln dlrs
+  and a loss from discontinued operations of 297,000 dlrs in the
+  quarter and 469,000 dlrs in the year.
+      1985 operating net for the quarter and year includes a
+  pretax gain of nine mln dlrs from the sale of two divisions and
+  a loss from discontinued operations of 2.85 mn dlrs in the
+  quarter and 3.7 mln dlrs in the year.
+      Napco International Inc is full name of company.
+  
+
diff --git a/reuters/training/7466 b/reuters/training/7466
new file mode 100644
index 0000000000000000000000000000000000000000..d71f3f024331b53c928f4f924bf1118ef98d4755
--- /dev/null
+++ b/reuters/training/7466
@@ -0,0 +1,7 @@
+NATIONAL BANCORP INC <NIBCA> YEAR END LOSS
+  Oper shr loss 1.02 dlr
+      Oper loss 631,000 dlrs
+      NOTE: Prior year results are not available as company
+  completed its public offering in April 1986.
+  
+
diff --git a/reuters/training/7468 b/reuters/training/7468
new file mode 100644
index 0000000000000000000000000000000000000000..28545ad0d5b39f1e24992abb63d81c31603b7f5c
--- /dev/null
+++ b/reuters/training/7468
@@ -0,0 +1,6 @@
+<BACHELOR LAKE GOLD MINES INC> YEAR LOSS
+  Shr loss seven cts vs loss 19 cts
+      Net loss 497,452 vs loss 1,306,875
+      Revs 10.6 mln vs 9.6 mln
+  
+
diff --git a/reuters/training/7469 b/reuters/training/7469
new file mode 100644
index 0000000000000000000000000000000000000000..fa37ee48ac46b41fcb029e901e480f946400acd7
--- /dev/null
+++ b/reuters/training/7469
@@ -0,0 +1,11 @@
+SOROS LIFTS KING WORLD <KWP> STAKE TO 8.1 PCT
+  New York investor George Soros, and
+  an investment fund he controls, said they raised their stake in
+  King World Productions Inc to 2,485,510 shares, or 8.1 pct of
+  the total outstanding, from 1,986,710 shares, or 6.5 pct.
+      In a filing with the Securities and Exchange Commission,
+  Soros said his group bought a net 498,800 King World common
+  shares between Jan 8 and March 6 at prices ranging fropm 18.924
+  to 21.203 dlrs a share.
+  
+
diff --git a/reuters/training/7470 b/reuters/training/7470
new file mode 100644
index 0000000000000000000000000000000000000000..7a7f74815da804c55fc8e664fa3e54e6d661e030
--- /dev/null
+++ b/reuters/training/7470
@@ -0,0 +1,13 @@
+CINEPLEX ODEON BUYING COKE <KO> CINEMA UNIT
+  <Cineplex Odeon Corp> said it agreed in
+  principle to acquire the Walter Reade Organization Inc New York
+  cinema chain from Coca-Cola Co's Entertainment Holdings Inc
+  unit for 32.5 mln U.S. dlrs.
+      Cineplex said the purchase price consisted of 22.5 mln dlrs
+  cash and 652,742 Cineplex common shares. The transaction is
+  subject to fulfilment of certain unspecified conditions and
+  regulatory and board approvals.
+      Walter Reade operates 11 screens in eight Manhattan
+  locations.
+  
+
diff --git a/reuters/training/7471 b/reuters/training/7471
new file mode 100644
index 0000000000000000000000000000000000000000..5350e35f793d5235a3a8b8e6821064dc8031de88
--- /dev/null
+++ b/reuters/training/7471
@@ -0,0 +1,48 @@
+SHULTZ NOT OPPOSED TO WHEAT SUBSIDY TO SOVIETS
+  Secretary of State George Shultz has
+  decided not to oppose any U.S. wheat subsidy offer to the
+  Soviet Union and has left the final decision on whether to sell
+  subsidized wheat to Moscow up to President Reagan and the
+  Agriculture Department, a State Department official said.
+      "Shultz feels like he fought the battle against a subsidy
+  last summer, and he's not going to the mat again. It's now
+  basically the USDA who has to make their decisions as to what
+  they want to do," the official said.
+      If USDA decides to go ahead with a subsidy offer to the
+  Soviet Union, he said, "Shultz will not wage a vigorous
+  campaign against it. He might not come out in favor of it, but
+  he won't go to the President and voice his objections."
+      In an official statement clarifying Shultz's remarks
+  yesterday to leaders of the National Association of Wheat
+  Growers, the State Department said, "Secretary Shultz expressed
+  his belief that whenever possible, U.S. grain should be
+  competitive on world markets, including the Soviet Union.
+      The Agriculture Department is in the best position to
+  determine whether consideration should be given at this time to
+  extending to the Soviets a subsidy under the Export Enhancement
+  Program."
+      Although Shultz will not oppose a wheat subsidy to the
+  Soviets, there remain obstacles to another subsidy offer to
+  Moscow, the State Department official said.
+      "Everyone in the government agrees that if there is a
+  subsidy to be offered, we would not offer it unless we had a
+  firm commitment from the Soviets that they would buy."
+      USDA does not want a repetition of last summer when the
+  USSR baulked at its offer of four mln tonnes of subsidized
+  wheat, the official, who asked not to be identified, said.
+      The Soviets rejected the U.S. offer then on the grounds
+  that the 13 dlr per tonne subsidy was insufficient to bring
+  U.S. prices down to competitive levels.
+      The Soviets want a higher subsidy offer this time, the
+  State Department source said.
+      "What the Soviets want is something equivalent to the
+  lowest price being paid by anyone in the world," he said.
+      The Soviets argue that they are the best customer of the
+  U.S. and that they are entitled to the best price, he said.
+      Government and commodity sources also said there are
+  elements in the USDA, most notably undersecretary Daniel
+  Amstutz, who remain opposed to a wheat subsidy to the Soviets.
+      "Subsidized wheat to the Soviet Union is still not a
+  foregone conclusion," the State Department official said.
+  
+
diff --git a/reuters/training/7472 b/reuters/training/7472
new file mode 100644
index 0000000000000000000000000000000000000000..38c8cca6d8e3e7283a9313190fba1c4b5e06864f
--- /dev/null
+++ b/reuters/training/7472
@@ -0,0 +1,6 @@
+<SUMMIT RESOURCES LTD> YEAR NET
+  Shr not given
+      Net 540,000 vs 1,890,000
+      Revs 4.9 mln vs 7.1 mln
+  
+
diff --git a/reuters/training/7474 b/reuters/training/7474
new file mode 100644
index 0000000000000000000000000000000000000000..bcea1707ba68c8e2bff3f1b53e7b7ea8da9a3bb9
--- /dev/null
+++ b/reuters/training/7474
@@ -0,0 +1,6 @@
+GOULDS PUMPS INC <GULD> SETS REGULAR PAYOUT
+  Qtly div 19 cts vs 19 cts prior
+      Pay April 15
+      Record April three
+  
+
diff --git a/reuters/training/7475 b/reuters/training/7475
new file mode 100644
index 0000000000000000000000000000000000000000..7162f7bf451813da751a92930256cf34f7ba38e8
--- /dev/null
+++ b/reuters/training/7475
@@ -0,0 +1,13 @@
+HENKEL TO INCREASE STAKE IN CLOROX <CLX>
+  Clorox Co said <Henkel KGaA> of
+  Dusseldorf, West Germany, agreed to increase its holdings in
+  Clorox to 30 pct from the current level of 23 pct.
+      Henkel, which also holds a subordinated note convertible
+  into another 1.7 pct of the company's stock, intends to acquire
+  the additional shares in the open market over an extended
+  period of time, Clorox said.
+      It also said that, for the foreseeable future, Henkel does
+  not intend to increase its participation in Clorox above the 30
+  pct level.
+  
+
diff --git a/reuters/training/7476 b/reuters/training/7476
new file mode 100644
index 0000000000000000000000000000000000000000..b8294a6e9314e06deae896f00928129374bec9d3
--- /dev/null
+++ b/reuters/training/7476
@@ -0,0 +1,10 @@
+<SIGMA MINES (QUEBEC) LTD> 4TH QTR NET
+  Shr 17 cts vs five cts
+      Net 1,442,000 vs 393,000
+      Revs 9,771,000 vs 8,052,000
+      Year
+      Shr 74 cts vs 23 cts
+      Net 6,076,000 vs 1,875,000
+      Revs 34.9 mln vs 30.3 mln
+  
+
diff --git a/reuters/training/7477 b/reuters/training/7477
new file mode 100644
index 0000000000000000000000000000000000000000..b393a2d1534757287ee696169ee4d522b0c7f566
--- /dev/null
+++ b/reuters/training/7477
@@ -0,0 +1,35 @@
+EC OFFICIAL FAULTS U.S. TRADE BILL
+  Sir Roy Denman, Head of the EC
+  Delegation in Washington, said pending U.S. trade legislation
+  is a misguided attempt to deal with the nation's trade deficit
+  and will spark retaliation if passed in its present form.
+      "To think that you can deal with a trade deficit by
+  legislation is a mistake," he told the Foreign Trade
+  Association here.
+      Denman told reporters that possible retaliation, which he
+  warned of in a letter to House Ways and Means Committee
+  Chairman Dan Rostenkowski, would not necessarily be on a
+  product-for-product basis.
+      "Retaliation does not have to be matched product to
+  product," Denman said.
+      He said in the case of textiles import restrictions,
+  however, retaliation would be against U.S. textile exports.
+      "Certainly, if restrictions were imposed on European
+  exports of textiles to the U.S., the Community would be likely
+  to retaliate with restrictions on U.S. textile exports to
+  Europe," Denman said.
+      He also took exception to U.S. proposals to require
+  countries with large current account surpluses with the U.S. to
+  cut those surpluses or face special tariffs.
+      "This would conflict with international obligations, throw
+  a large wrench into the current round of trade negotiations and
+  could easily boomerang," he warned of the tariff proposals.
+      Denman also took exception to U.S. efforts to seek
+  reciprocity in specific trade sectors.
+      "Forcing reciprocity in one sector by imposing barriers
+  would simply lead to retaliation from the other party," he
+  said, adding that overall reciprocity can only be achieved by
+  trading off disadvantages in one sector for advantages in
+  another.
+  
+
diff --git a/reuters/training/748 b/reuters/training/748
new file mode 100644
index 0000000000000000000000000000000000000000..1e0ffa1c2857d561bc0bbf1bc86dc8ddc00abd8b
--- /dev/null
+++ b/reuters/training/748
@@ -0,0 +1,91 @@
+PESCH SEES SHAREHOLDER SUPPORT IN AMI <AMI> BID
+  Chicago physician LeRoy Pesch said he
+  has had discussions with several American Medical International
+  Inc shareholders and sees support for a restructuring of the
+  company.
+      Pesch said he has discussed his sweetened, 1.91 billion dlr
+  takeover bid for American Medical with several large
+  shareholders, including the biggest investor, the Bass family
+  of Texas. However, the Bass family has not indicated support
+  one way or the other for his offer, he said.
+      Pesch, in an interview with Reuters, said based on the
+  conversations he held with shareholders, he could not guage
+  whether he had majority support. He said, however, there is
+  support for his offer.
+      Pesch would not identify shareholders with whom he held
+  discussions other than the Bass family and the Wedge Group Inc,
+  the only other holder of more than five pct of American Medical
+  stock.
+      Earlier today, Wedge Group, which has a 5.5 pct stake, 
+  said it held discussions with Pesch, American Medical
+  management and other American Medical shareholders.
+      Wedge, in a filing with the Securities and Exchange
+  Commission, said it believes a restructuring of American
+  Medical and its business would be "highly desirable and
+  appropriate at this time."
+      "That's the sort of position that I find a large segment of
+  shareholders of AMI really share," said Pesch.
+      Pesch said he held discussions with Wedge about joining his
+  takeover effort, in which he is offering 17 dlrs cash, four
+  dlrs in preferred stock and one dlr in common stock for each
+  American Medical share. Wedge said it has no plans to join in
+  an effort to seek control of American Medical, but it would not
+  rule out a future takeover try.
+      Pesch said he did not discuss a joint takeover proposal
+  with the Bass family.
+      Some analysts saw the Wedge statement as a boost to Pesch's
+  takeover effort and a further sign that there could be some
+  shareholder dissatisfaction following American Medical's
+  previous rejection of a 20 dlr per share all cash offer from
+  Pesch.
+      American Medical is expected to resist Pesch's latest bid.
+  Larry Feinberg, an analyst with Dean Witter Reynolds Inc said a
+  management-led leveraged buyout cannot be ruled out.
+      An American Medical spokesman said the company will comment
+  on the new Pesch offer by March 10.
+      Analysts continue to view the Bass family as a factor in
+  the outcome of the bid for control of American Medical.
+      The Bass family holds an 11. 6 pct stake in American
+  Medical, and the company has previously said the investors
+  support management's internal plan to improve the company's
+  performance. The Bass family would not comment on American
+  Medical or Pesch.
+      Pesch, who led the leveraged buyout of Republic Health Corp
+  last year, continues to face a credibilty problem on Wall
+  Street because of the long time it took to finish the Republic
+  acquisition.
+      Republic also has substantial debt, and has left wall
+  street questioning whether financing can be completed for the
+  much larger American Medical takeover proposal.
+      Pesch's first offer for American Medical was made without
+  an investment banking firm, another cause for concern to Wall
+  Street. However, Pesch entered his second offer with
+  representation from Donaldson, Lufkin, and Jenrette Securities
+  and Security Pacific Merchant Banking Group.
+      "I don't have any doubt that the current transaction can be
+  worked out and completed, provided we get to the point where
+  Ami management will sit down and talk in a friendly
+  environment," Pesch said.
+      Pesch would not elaborate on what type of financing
+  arrangements are being made. He did say if he succeeds in
+  acquiring American Medical he plans to keep much of American
+  Medical management in place.
+      He said he plans to combine the company with Republic to
+  form an efficient network of hospitals.
+      Analysts said they do not believe a much higher offer could
+  be made for American Medical.
+      Byron Nimocks of E.F. Hutton Group said improved second
+  fiscal quarter earnings could make American Medical stock worth
+  about 20 dlrs per share.
+      Nimocks estimates American Medical earnings for the second
+  quarter ended February 28 could be 35 cts, compared to a 95 ct
+  loss last year.
+      Nimocks said Pesch's revised offer is not worth much more
+  than the 20 dlrs cash offered previously.
+      But Feinberg said there is a better chance a transaction
+  could be completed because of the revised structure of the
+  offer. "I think it's much more doable," he said.
+      Analysts have said American Medical has begun a turnaround
+  by replacing some members of management and reducing costs.
+  
+
diff --git a/reuters/training/7481 b/reuters/training/7481
new file mode 100644
index 0000000000000000000000000000000000000000..7882b39bc7f3df4a6b6a0cf15af7774ae63f1d78
--- /dev/null
+++ b/reuters/training/7481
@@ -0,0 +1,18 @@
+FRANK B. HALL <FBH> EARNINGS REPORT QUALIFIED
+  Frank B. Hall and Co Inc
+  said its independent accountants will issue a qualified report
+  on its financial statements.
+      The company said the opinion is the result of ongoing
+  litigation over its discontinued operations. Earlier it said it
+  lost 2.1 mln dlrs in the fourth quarter against a loss of 2.3
+  mln dlrs a year ago before discontinued operations.
+      It also said it decided to sell its claims adjusting and
+  admininistrative operations and its automobile dealer insurance
+  unit, creating a reserve of about nine mln dlrs in the fourth
+  quarter 1986 for the sale.
+      The company said it will vigorously defend the litigation
+  arising from the discontinued units.
+      It also said it will concentrate on its direct brokerage
+  and service business.
+  
+
diff --git a/reuters/training/7482 b/reuters/training/7482
new file mode 100644
index 0000000000000000000000000000000000000000..c4bcb5d9c9d861933526fc0f132c9d2eaaddf511
--- /dev/null
+++ b/reuters/training/7482
@@ -0,0 +1,13 @@
+INTERMARK<IMI> SEEKS MAJORITY PIER 1 <PIR> STAKE
+  Intermark Inc, which together with
+  one of its subsidiaries already holds a 43.4 pct stake in Pier
+  1 Imports Inc, told the Securities and Exchange Commission it
+  plans to acquire a majority of the company's voting stock.
+      Intermark said it already holds 6,839,827 Pier 1 common
+  shares, or 35.66 pct, and its Pier 1 Holdings Inc holds
+  1,484,516 shares, or 7.74 pct.
+      Intermark said it also has 341,991 shares of Pier 1
+  preferred stock, or 35.2 pct of the outstanding, while Pier 1
+  Holdings has 74,225 shares, or 7.6 pct.
+  
+
diff --git a/reuters/training/7483 b/reuters/training/7483
new file mode 100644
index 0000000000000000000000000000000000000000..66cec420059c897958eb0507eaeda61b0f8cc41f
--- /dev/null
+++ b/reuters/training/7483
@@ -0,0 +1,11 @@
+ELECTRO SCIENTIFIC <ESIO> 3RD QTR FEB 28 LOSS
+  Shr loss 15 cts vs nil
+      Net loss 877,000 vs profit 22,000
+      Sales 13.5 mln vs 18.0 mln
+      Nine mths
+      Shr loss 35 cts vs profit 20 cts
+      Net loss 2,098,000 vs profit 1,184,000
+      Sales 43.5 mln vs 55.9 mln
+      (Electro Scientific Industries)
+  
+
diff --git a/reuters/training/7484 b/reuters/training/7484
new file mode 100644
index 0000000000000000000000000000000000000000..0338ce5ce982953a382bf41823b748995f65fa84
--- /dev/null
+++ b/reuters/training/7484
@@ -0,0 +1,12 @@
+JOSTEN'S <JOS> TO SELL UNIT TO CAREERCOM <CRCM>
+  Josten's Corp said it agreed
+  to sell its proprietary school business to CareerCom Corp, for
+  20 mln dlrs in cash and about 1.7 mln CareerCom common shares.
+      Upon completion of the proposed transaction, Josten's will
+  own 20 pct of CareerCom's stock, which it intends to hold for
+  investment purposes, it said.
+      Proprietary school sales totaled about 56 mln dlrs and
+  accounted for less than 10 pct of Josten's total revenue, it
+  added.
+  
+
diff --git a/reuters/training/7487 b/reuters/training/7487
new file mode 100644
index 0000000000000000000000000000000000000000..8d9f6836d686ac4d0c7224e00f95618a0d7a4442
--- /dev/null
+++ b/reuters/training/7487
@@ -0,0 +1,6 @@
+NRM ENERGY CO <NRM> SETS REGULAR PAYOUT
+  Qtly cash distribution five cts vs five cts prior
+      Pay April 15
+      Record March 31
+  
+
diff --git a/reuters/training/7488 b/reuters/training/7488
new file mode 100644
index 0000000000000000000000000000000000000000..975ffbbafb50c72d5fe95824e03f5fe3568145f6
--- /dev/null
+++ b/reuters/training/7488
@@ -0,0 +1,8 @@
+MOTEL 6 LP <SIX> SETS CASH DISTRIBUTION
+  Qtly cash distribution 30.5 cts vs 18.4 cts prior
+      Pay May 15
+      Record March 31
+      Note: Prior-quarter dividend was an initial payout based on
+  operations for a partial fourth quarter in 1986.
+  
+
diff --git a/reuters/training/7490 b/reuters/training/7490
new file mode 100644
index 0000000000000000000000000000000000000000..f34cefd4fa96cf1f2917360bf6f71521c4786ffe
--- /dev/null
+++ b/reuters/training/7490
@@ -0,0 +1,13 @@
+GROUP HAS 6.4 PCT OF ATLANTIC RESEARCH <ATRC>
+  A group led by Halcyon Investments,
+  a New York securities and risk arbitrage partnership, said it
+  has acquired 486,400 shares of Atlantic Research Corp, or 6.4
+  pct of the total outstanding common stock.
+      In a filing with the Securities and Exchange Commission,
+  the Halcyon group said it bought the stake for 15.6 mln dlrs
+  for no specific purpose.
+      The group said it has no plans to seek control of Atlantic
+  Research, which has been sought by Clabir Corp <CLG>, but said
+  it may buy more stock or sell some or all of what it has.
+  
+
diff --git a/reuters/training/7491 b/reuters/training/7491
new file mode 100644
index 0000000000000000000000000000000000000000..f80e8ee89653b34a09d03f89f7722f3d97ec74b3
--- /dev/null
+++ b/reuters/training/7491
@@ -0,0 +1,13 @@
+ULTRASYSTEMS INC <ULS> 4TH QTR NET
+  Shr 26 cts vs 18 cts
+      Net 2,102,000 vs 1,415,000
+      Revs 44.1 mln vs 42.2 mln
+      Year
+      Shr 21 cts vs 91 cts
+      Net 1,678,000 vs 7,105,000
+      Revs 155.1 mln vs 149.2 mln
+      Note: Current year figures include 10.1 mln dlr writedown
+  of costs and investments associated with ethanol refinery
+  project.
+  
+
diff --git a/reuters/training/7494 b/reuters/training/7494
new file mode 100644
index 0000000000000000000000000000000000000000..29f2b5e3f19aacdfec0b53472c072bf05a033790
--- /dev/null
+++ b/reuters/training/7494
@@ -0,0 +1,10 @@
+TAG GROUP TO CUT VALERO ENERGY<VLO> STAKE
+  An investor group told the
+  Securities and Exchange Commission it plans to cut its stake in
+  Valero Energy Corp to 402,925 shares, or 1.6 pct of the total
+  outstanding, from 1,522,850 shares, or 6.0 pct.
+      The group, led by TAG Group S.A. of Luxembourg, said it
+  filed with the SEC on Feb 20 a notice that it proposes to sell
+  1,119,925 shares of Valero Energy common stock.
+  
+
diff --git a/reuters/training/7495 b/reuters/training/7495
new file mode 100644
index 0000000000000000000000000000000000000000..e4c4a9d358558aeb7bd11ba7ef58405f01662a7c
--- /dev/null
+++ b/reuters/training/7495
@@ -0,0 +1,14 @@
+WESTERN TELE-COMMUNICATIONS <WTLCA> 4TH QTR NET
+  Oper shr 31 cts vs 34 cts
+      Oper net 3,005,000 vs 2,835,000
+      Revs 13.1 mln vs 9,478,000
+      Year
+      Oper shr 1.49 dlrs vs 1.15 dlrs
+      Oper net 28.7 mln vs 16.9 mln
+      Revs 47.8 mln vs 32.0 mln
+      Note: Oper net excludes loss from discontinued operations
+  of 726,000 dlrs vs gain of 737,000 dlrs for qtr and gain of
+  581,000 dlrs vs gain of 2,350,000 dlrs for year.
+      Note: Full name is Western Tele-Communications Inc.
+  
+
diff --git a/reuters/training/7496 b/reuters/training/7496
new file mode 100644
index 0000000000000000000000000000000000000000..22642a9035eaf2134dee315d495cdabe17373aff
--- /dev/null
+++ b/reuters/training/7496
@@ -0,0 +1,21 @@
+ECUADOR GETS LOAN TO HELP REPAIR OIL PIPELINE
+  The Andean Development Corp (CAF) said
+  today it is lending 11.7 mln dlrs to Ecuador to help repair 25
+  miles of oil pipeline destroyed by an earthquake earlier this
+  month.
+      the loan was signed here today in the offices of the
+  caracas based caf by the corporation's president, galo montano
+  perez and ecuadorean ambassador antonio parra gil.
+      the loan had originally been intended to finance an
+  expansion of the pipeline, but following the earthquake the
+  ecuadorean government asked for the terms to be changed so as
+  to permit their use in reconstruction.
+      Ecuador expects oil production to be suspended for four
+  months as a result of the damage, and has asked Venezuela to
+  help by supplying 50,000 barrels per day while the pipeline is
+  repaired.
+      The OPEC member has a production quota of 210,000 bpd but
+  has asked the organization to allow it to produce 310,000 bpd
+  once the repairs are completed so as to compensate the loss.
+  
+
diff --git a/reuters/training/7497 b/reuters/training/7497
new file mode 100644
index 0000000000000000000000000000000000000000..8311d57e43306c86e073e53179b91b1d03373e8f
--- /dev/null
+++ b/reuters/training/7497
@@ -0,0 +1,8 @@
+HARMON <HRMN> TO BUY RECYCLING FIRM FOR CASH
+  Harmon Industries Inc said it
+  signed a letter of intent to acquire for about 3.5 mln dlrs, a
+  majority of the stock of SNP Inc, a Portland, Oregon-based
+  company which has patents to reprocess used railroad ties into
+  new ties for resale.
+  
+
diff --git a/reuters/training/7498 b/reuters/training/7498
new file mode 100644
index 0000000000000000000000000000000000000000..f04b58f166f7c905a7c9b0265dd122d858b7d86c
--- /dev/null
+++ b/reuters/training/7498
@@ -0,0 +1,6 @@
+SANTA FE ENERGY PARTNERS LP <SFP> QTLY PAYOUT
+  Qtly cash distribution 72 cts vs 72 cts prior
+      Pay May 15
+      Record March 31
+  
+
diff --git a/reuters/training/7499 b/reuters/training/7499
new file mode 100644
index 0000000000000000000000000000000000000000..e24d7e7db2f8735b41c327ead1ca97c46f8f8208
--- /dev/null
+++ b/reuters/training/7499
@@ -0,0 +1,68 @@
+FED DATA SUGGEST U.S. CREDIT POLICY IS ON HOLD
+  Latest Federal Reserve data suggest
+  that the U.S. banking system is flush with reserves going into
+  a period of traditional tightness and that overall monetary
+  policy is on hold, economists said.
+      "There is ample liquidity.... The Fed is not going to shift
+  gears at the present time or for at least another month," said
+  Maria Ramirez of Drexel Burnham Lambert Inc.
+      "Technical and seasonal considerations aside, there is
+  nothing for the (credit) market to get excited about," added
+  Robert di Clemente of Salomon Brothers Inc.
+      Adjusted bank borrowings from the Fed's discount window
+  averaged only 228 mln dlrs a day in the first week of the bank
+  statement period ending next Wednesday, compared with 233 mln
+  and 451 mln in the first weeks of the previous two periods.
+      Another sign of abundant liquidity was the upward revision
+  in banks' net free reserves in the two-week period to March 11
+  to a daily average of 759 mln dlrs from an estimated 660 mln.
+      Finally, a Fed spokesman told a press briefing that the 14
+  money center banks were absent from the Fed's discount window
+  for the third week running, with the latest week's borrowing
+  split between the large regional and the smaller banks.
+      While modest open market intervention was apparently enough
+  to defuse any funding pressures in the first week of the latest
+  statement period, economists predicted that the Fed would have
+  to be more aggressive in coming weeks.
+      The Fed injected temporary reserves directly and indirectly
+  on four of the five trading days via system and customer
+  repurchase agreements.
+      "Fed funds will be coming under relatively intense
+  pressure," said Salomon's di Clemente, noting the approaching
+  month- and quarter-end and the round of holidays and tax dates
+  in April.
+      "The Fed is faced with a large seasonal adding
+  requirement," said Ward McCarthy of Merrill Lynch and Co Inc,
+  who expects a permanent bill purchase next week and a coupon
+  purchase in early April.
+      Economists were also heartened by further signs of a
+  deceleration in money supply growth, not only in the largely
+  discredited M-1 gauge but also in the more closely watched M-2
+  and M-3 aggregates.
+      M-1 grew a mere 500 mln dlrs in the week to March nine,
+  compared with private forecasts of a 2.3 mln dlr rise. Weekly
+  M-2 and M-3 components also hinted at slower overall growth.
+      "The M-1 increase was surprisingly modest and I suspect we
+  are on our way to another moderate set of M-2 and M-3 figures
+  for March," said Salomon's di Clemente. Merrill's McCarthy said
+  they could even come in below the bottom of their respective
+  target ranges.
+      In February, M-2 was 18.2 billion dlrs below its upper
+  limit and M-3 was 20.8 billion beneath.
+      Noting Fed Vice Chairman Johnson's encouraging remarks on
+  inflation today and recent interest rate cuts overseas, some
+  economists suggested this slowing in monetary growth could lend
+  support to calls for further accommodation here.
+      "Our belief is that we could still get a move downwards in
+  rates before anything else," said Salomon's di Clemente, adding
+  that the key swing factor will continue to be the strength of
+  the U.S. economy.
+      Jeffrey Leeds of Chemical Bank agreed that the economy's
+  health would remain the main influence on policy but, contrary
+  to di Clemente, he said that recent signs of faster growth and
+  inflation could lead to higher rates first.
+      Drexel's Ramirez did not commit herself either way, adding
+  that the next major move may have to wait until April 14 when
+  February's U.S. trade data are due for release.
+  
+
diff --git a/reuters/training/75 b/reuters/training/75
new file mode 100644
index 0000000000000000000000000000000000000000..59ceff13d1d8b648af752a3d9e34c69639738c6e
--- /dev/null
+++ b/reuters/training/75
@@ -0,0 +1,13 @@
+ICO EXPORTERS TO MODIFY NEW PROPOSAL
+  International Coffee Organization (ICO)
+  exporters will modify their new proposal on quota resumption
+  before presenting it to importers tomorrow, ICO delegates said.
+      The change, which will be discussed tonight informally
+  among producers, follows talks after the formal producer
+  session with the eight-member producer splinter group and will
+  affect the proposed quota distribution for 12 months from April
+  one, they said.
+      The proposed share-out would still include shortfall
+  declarations, they said.
+  
+
diff --git a/reuters/training/7500 b/reuters/training/7500
new file mode 100644
index 0000000000000000000000000000000000000000..336f61c90b984bc6a2096cfdb8635ac658a34590
--- /dev/null
+++ b/reuters/training/7500
@@ -0,0 +1,32 @@
+U.S. SAYS NO SIGNAL BEING SENT BY SHIP MOVEMENTS
+  A U.S. Navy battle group led by the
+  U.S. aircraft carrier Kitty Hawk is in the northern Arabian Sea
+  amid renewed concern about the safety of shipping off the coast
+  of Iran, U.S. officials said today.
+      But Pentagon spokesman Fred Hoffmann said that reports the
+  naval strike force was in the region did not mean the United
+  States was sending a new warning to Iran against escalating
+  attacks on shipping in the Persian Gulf.
+      "Nothing like that has happened," he said. "No signal is being
+  sent."
+      He said that the Kitty Hawk is operating in an area where
+  it usually does. "It's normal. It's in the waters where it's
+  supposed to be. It's been there for over a month."
+      The Kitty Hawk and its force of warplanes is the mainstay
+  of the U.S. Indian Ocean Battle Group which patrols a vast area
+  extending from the Indian subcontinent through the Arabian Sea.
+      With the Kitty Hawk and its group in the Arabian Sea to the
+  south and the U.S. Mideast Task Force in the Persian Gulf to
+  the north, the United States has 10 warships on either end of
+  the strategic Straits of Hormuz.
+      The Pentagon, as is its custom, declined to confirm the
+  exact whereabouts of the ships or what they were up to.
+      State Department officials cited concern about the safety
+  of ships passing through the Straits on the vital oil supply
+  run to the Gulf.
+      Iran has conducted repeated attacks on shipping in the Gulf
+  and U.S. officials have said that Teheran has recently equipped
+  itself with powerful Chinese and Italian-made anti-ship
+  missiles, posing a greater threat.
+  
+
diff --git a/reuters/training/7501 b/reuters/training/7501
new file mode 100644
index 0000000000000000000000000000000000000000..d347538669d4aa6d43bb1c8636362d1060dc0969
--- /dev/null
+++ b/reuters/training/7501
@@ -0,0 +1,17 @@
+COSTA RICA SELLS SUGAR TO SOVIET UNION
+  Costa Rica has agreed to sell more
+  than 32,000 tonnes of sugar this year to the Soviet Union, a
+  spokesman for local producers said.
+       Miguel Alfaro, president of the agricultural league of the
+  sugar cane industry, said the sale follows a recent 50 pct cut
+  in Costa Rica's quota for sugar exports to the U.S.
+      Alfaro said up to 45,000 tonnes of sugar could be exported
+  to the Soviet Union this year under the deal, which is similar
+  to one the Soviets made recently with the Dominican Republic.
+      A Soviet ship will load 25,000 tonnes at the Pacific port
+  of Punta Morales Monday, Alfaro said, and a second ship will
+  take an additional 7,107 tonnes two days later.
+      Alfaro and other industry sources declined to disclose the
+  price at which the sugar was sold.
+  
+
diff --git a/reuters/training/7504 b/reuters/training/7504
new file mode 100644
index 0000000000000000000000000000000000000000..59115c34942d0b1ba560e53a4848dc1ce1bc4c3d
--- /dev/null
+++ b/reuters/training/7504
@@ -0,0 +1,11 @@
+BAYOU INTERNATIONAL BUYS STAKE IN SOLOMECS
+  <Bayou International Ltd> said it
+  purchased one-third of the outstanding stock of Solmecs Corp
+  N.V., a Netherlands Antilles corporation, for 1,750,000 dlrs.
+      Bayou said it will also receive two seats on Solmecs'
+  board.
+      Bayou Ltd is 55.2 pct owned by Australia Wide Industries
+  Ltd.
+      Solmecs develops technology relating to energy conversion.
+  
+
diff --git a/reuters/training/7505 b/reuters/training/7505
new file mode 100644
index 0000000000000000000000000000000000000000..e0736d718e440cad8d7911da87b66fabe14b5927
--- /dev/null
+++ b/reuters/training/7505
@@ -0,0 +1,11 @@
+MICROPRO INTERNATIONAL CORP <MPRO> 4TH QTR NET
+  Quarter ended Feb 28
+      Shr four cts vs seven cts
+      Net 500,000 vs 900,000
+      Revs 9,200,000 vs 10,500,000
+      Year
+      Shr four cts vs 12 cts
+      Net 600,000 vs 1,500,000
+      Revs 17.6 mln vs 20.8 mln
+  
+
diff --git a/reuters/training/7508 b/reuters/training/7508
new file mode 100644
index 0000000000000000000000000000000000000000..62407fea52b5a65b02bce91ef94e86b34a24b011
--- /dev/null
+++ b/reuters/training/7508
@@ -0,0 +1,5 @@
+(EXPLOSIVE FABRICATORS INC) 1ST QTR JAN 31 NET
+  Net 41,724 vs 120,329
+      Revs 1,194,556 vs 1,504,702
+  
+
diff --git a/reuters/training/7510 b/reuters/training/7510
new file mode 100644
index 0000000000000000000000000000000000000000..12c1db2d582e824162869efc4e32ee974d4debfa
--- /dev/null
+++ b/reuters/training/7510
@@ -0,0 +1,21 @@
+NEW CHIEF ELECTED FOR WORLD SUGAR ORGANISATION
+  Dominican Alfredo Ricart will take over
+  as executive director of the International Sugar Organization
+  (ISO) in mid-April, ISO officer in charge Constantin Politoff
+  said.
+      Previous ISO chief William Miller retired at end-February
+  last year.
+      Ricart told Reuters his first aim is put the "house in order"
+  by having a new administrative sugar pact with improved
+  allocations of voting rights and financial contributions.
+      Once this is done, time can be dedicated to working towards
+  a new International Sugar Agreement (ISA) with economic
+  clauses, he said.
+      Ricart, currently the Dominican Republic's ambassador to
+  Austria, the Netherlands and the UN in Geneva, said he will
+  visit the four major exporters - Australia, Brazil, Cuba and
+  the European Community - to talk to governments and producers
+  and find out about problems that are preventing these countries
+  finding common ground for a new sugar pact.
+  
+
diff --git a/reuters/training/7512 b/reuters/training/7512
new file mode 100644
index 0000000000000000000000000000000000000000..4cec047f81e9e9d2da4e872877d40b0bdf241c7f
--- /dev/null
+++ b/reuters/training/7512
@@ -0,0 +1,35 @@
+INTERNATIONAL SUGAR PACT TO BE RENEGOTIATED
+  The International Sugar Agreement (ISA)
+  will be renegotiated, International Sugar Organization (ISO)
+  officer in charge Constantin Politoff told Reuters after a
+  special session of the pact's council.
+      A decision on how to renegotiate will be taken at the ISO
+  six monthly session in May. The alternatives are between an
+  autumn London conference for another pact without economic
+  clauses, but a different voting and budgetary structure, or a
+  Geneva-based conference next year for a new pact with economic
+  clauses, he said.
+      But delegates said the latter would only be considered if
+  the world's four major exporters -- Australia, Brazil, Cuba and
+  the European Community -- can resolve differences over how
+  prices can best be supported and how to share the world
+      Today's special session was called because the U.S. earlier
+  indicated it would only be able to pay 56 pct of its share of
+  the ISO budget.
+      At today's council session Politoff said the U.S. would try
+  and find a way to pay the balance of about 50,000 stg later
+  this year. Currently, about three quarters of this year's ISO
+  800,000 stg budget has not been paid but delegates said the
+  U.S. caused controversy as it said it might not pay its full
+  contribution in the last year of the current pact.
+      The Soviet Union has called for changes to the way the ISO
+  budget is shared out. Currently it is halved between importers
+  and exporters and the Soviet Union has a 30 pct share of the
+  importer half. The Soviets want a new sugar pact to have only a
+  single category of members who would all share the costs pro
+  rata to their share of world sugar trade.
+      The ISO executive committee next meets on April 23 with the
+  next full council session in the week of May 19.
+      There are 12 importing and 44 exporting members of the ISO.
+  
+
diff --git a/reuters/training/7514 b/reuters/training/7514
new file mode 100644
index 0000000000000000000000000000000000000000..c2a8a44107075c24ddc680a260173a41bb0df495
--- /dev/null
+++ b/reuters/training/7514
@@ -0,0 +1,13 @@
+LASER <LSER> SEES IMPACT FROM SUIT ON EARNINGS
+  Laser Corp said that costs associated
+  with its defense of two shareholder lawsuits could result in a
+  net loss for 1987.
+      Although Laser expects to post earnings from operations for
+  the year, a spokesman said they might be wiped out by legal
+  costs, depending on the length of litigation.
+      In addition, the company said it will ask shareholders to
+  approve proposals to merge the company into its main
+  subsidiary, reincorporate in Delaware and change the company's
+  name.
+  
+
diff --git a/reuters/training/7515 b/reuters/training/7515
new file mode 100644
index 0000000000000000000000000000000000000000..a50cb6710cdb0351e09892fc3cd222a113bf14cb
--- /dev/null
+++ b/reuters/training/7515
@@ -0,0 +1,23 @@
+E.C. OFFICIAL SAYS FATE OF VEG OIL TAX UNCERTAIN
+  Whether the European Community's
+  Council of Ministers will approve a proposed tax on vegetable
+  oils that has sparked threats of U.S. retaliation is uncertain,
+  an EC official said.
+      "It is very far from certain that it will go through," Sir
+  Roy Denman, Head of the EC Delegation in Washington, told
+  reporters before he addressed the Foreign Trade Association.
+      Denman noted Britain remains opposed to the plan and West
+  Germany has opposed it in the past.
+      U.S. Trade Representative Clayton Yeutter has threatened
+  retaliation if the tax is approved, as it would limit U.S.
+  soybean exports to the EC. Council action is expected soon.
+      Denman said while the EC is willing to negotiate about
+  agriculture in a new round of trade talks, it is unwilling to
+  single out export subsidies on a negotiating agenda or put
+  agricultural policy on a special fast track.
+      "The key to a solution in this area seems to me not in the
+  framing of the GATT (General Agreement on Tariffs and Trade)
+  wording...but in tackling government subsidies to farmers on
+  both sides of the Atlantic," he said.
+  
+
diff --git a/reuters/training/7516 b/reuters/training/7516
new file mode 100644
index 0000000000000000000000000000000000000000..ac128af2b0ba8153244f30cd101249b84721f955
--- /dev/null
+++ b/reuters/training/7516
@@ -0,0 +1,13 @@
+PENSION INSURANCE GROUP <PGAI> 4TH QTR
+  Shr profit two cts vs profit two cts
+      Net profit 216,000 vs 265,000
+      Revs 1.7 mln vs 1.4 mln
+      Year
+      Shr profit four cts vs loss two cts
+      Net profit 528,000 vs loss 290,000
+      Revs 5.9 mln vs 5.5 mln
+      NOTE:1986 net includes realized investment gains of 3,000
+  dlrs in year. 1985 4th qtr and year includes realized
+  investment gains of 16,000 and 35,000 dlr respectively.
+  
+
diff --git a/reuters/training/7517 b/reuters/training/7517
new file mode 100644
index 0000000000000000000000000000000000000000..4c29cdb414920aa2685e6f712ab1b4a9f55f0789
--- /dev/null
+++ b/reuters/training/7517
@@ -0,0 +1,6 @@
+TRANSAMERICA CORP <TA> QUARTERLY DIVIDEND
+  Qtly div 44 cts vs 44 cts
+      Pay April 30
+      Record April 4
+  
+
diff --git a/reuters/training/7518 b/reuters/training/7518
new file mode 100644
index 0000000000000000000000000000000000000000..2a1a687fa989302d9af6d6c6a59b8fd5d0d7dfe4
--- /dev/null
+++ b/reuters/training/7518
@@ -0,0 +1,6 @@
+SOUTHERN CALIFORNIA EDISON CO <SCE> QTLY DIV
+  Qtly div 57 cts vs 57 cts
+      Pay April 30
+      Record April 3
+  
+
diff --git a/reuters/training/7519 b/reuters/training/7519
new file mode 100644
index 0000000000000000000000000000000000000000..4e67c5aefd2293199b46067ab8e4acb968e8de63
--- /dev/null
+++ b/reuters/training/7519
@@ -0,0 +1,6 @@
+COMPREHENSIVE CARE CORP <CMPH> QUARTERLY DIV
+  Qtly div nine cts vs nine cts
+      Pay May 21
+      Record May 1
+  
+
diff --git a/reuters/training/7520 b/reuters/training/7520
new file mode 100644
index 0000000000000000000000000000000000000000..4e7c4580ca7e25e4c621bc16dacbbe9c88d3bbfb
--- /dev/null
+++ b/reuters/training/7520
@@ -0,0 +1,6 @@
+GREAT WESTERN SAVINGS BANK <GWSB> QUARTERLY DIV
+  Qtly div 12 cts vs 12 cts
+      Pay April 8
+      Record April 1
+  
+
diff --git a/reuters/training/7521 b/reuters/training/7521
new file mode 100644
index 0000000000000000000000000000000000000000..cabc7937b8b7f5fd59b0b1975c18bb011924feb2
--- /dev/null
+++ b/reuters/training/7521
@@ -0,0 +1,24 @@
+SENATE WANTS JAPAN SEMICONDUCTER PACT ENFORCED
+  The U.S. Senate has unanimously
+  called for President Reagan immediately to force Japan to live
+  up to a pledge to stop dumping its microchips and open its
+  markets to U.S. Chipmakers.
+      The Senate voted 93 to 0 to urge Reagan to impose penalties
+  on Japanese high-technology products containing semiconductors
+  in retaliation for what it sees as Japan's violations of the
+  semiconductor pact.
+      While the measure does not bind Reagan to any action,
+  Senate leaders said its adoption would warn Japan stiffer
+  legislation would be considered if the violations continue.
+      "We want to send a message to Japan to let it know how the
+  Senate feels about this matter," Senate Democratic Leader Robert
+  Byrd told the Senate.
+      Senate Finance Committee chairman Lloyd Bentsen told the
+  Senate the measure was not aimed at retaliation but at
+  correcting Japan's unfair trade practices.
+      A key House trade lawmaker, Representative Richard Gephardt
+  also announced he would seek to force Japan and other countries
+  with huge trade surpluses to slash their surplus by 10 pct a
+  year for three years.
+  
+
diff --git a/reuters/training/7528 b/reuters/training/7528
new file mode 100644
index 0000000000000000000000000000000000000000..08e681f1f1df5ab36fd704f215a42af50c44937b
--- /dev/null
+++ b/reuters/training/7528
@@ -0,0 +1,5 @@
+REAGAN SAYS U.S. MUST DO MORE TO LESSEN RELIANCE ON FOREIGN OIL
+
+  REAGAN SAYS U.S. MUST DO MORE TO LESSEN RELIANCE ON FOREIGN OIL
+  
+
diff --git a/reuters/training/7529 b/reuters/training/7529
new file mode 100644
index 0000000000000000000000000000000000000000..0d4ce22982f659e605393fd2692410b4f88e0790
--- /dev/null
+++ b/reuters/training/7529
@@ -0,0 +1,21 @@
+REAGAN SAYS U.S. NEEDS TO LESSEN OIL IMPORTS
+  President Reagan said the United
+  States must do more to lessen its reliance on imported oil.
+      President Reagan said during a nationally televised news
+  conference that the rising U.S. reliance on foreign oil is a
+  problem that the administration is studying.
+      "We have to study this more," Reagan said. "This is why we
+  increased the Strategic (Petroleum) Reserve, but we have to do
+  more," he said.
+      Reagan said his administration has already proposed
+  deregulating natural gas and eliminating the windfall profits
+  tax on crude oil production.
+      However, he complained that Congress had not yet approved
+  those measures.
+      The Department of Energy earlier this week released a
+  report that warned of rising U.S. reliance on foreign oil
+  imports at a time when domestic production is declining. It
+  suggested options for the administration to consider, but made
+  no specific recommendations.
+  
+
diff --git a/reuters/training/7531 b/reuters/training/7531
new file mode 100644
index 0000000000000000000000000000000000000000..4a59afb52934133c770edf4c296372228955eb0e
--- /dev/null
+++ b/reuters/training/7531
@@ -0,0 +1,13 @@
+TAIWAN'S EXPORT ORDERS FALL IN FEBRUARY
+  Export orders for Taiwanese products
+  fell 1.37 pct to 3.58 billion U.S. Dlrs in February from 3.63
+  billion in January, but rose nearly 43 pct from 2.51 billion a
+  year earlier, an Economic Ministry official said.
+      He attributed the fall to the rising Taiwan dollar.
+      February orders for electric and electronic goods were 619
+  mln U.S. Dlrs, up from 574 mln in January and 370 mln in
+  February 1986. Garment orders were 324 mln dlrs against 383 mln
+  and 283 mln while footwear orders were 297 mln compared with
+  333 mln and 200 mln.
+  
+
diff --git a/reuters/training/7533 b/reuters/training/7533
new file mode 100644
index 0000000000000000000000000000000000000000..03d7079fbd1a155991ee43c706ab1b5ec823229f
--- /dev/null
+++ b/reuters/training/7533
@@ -0,0 +1,21 @@
+BOLIVIAN MINERS CALL GENERAL STRIKE
+  About 9,000 miners employed by the
+  state corporation, Comibol, declared a general strike as from
+  midnight (0400 gmt) to press for higher salaries, a statement
+  by the federation for Bolivian mine workers said.
+       It said the strike was called to defend the nationalised
+  mining industry. The miners were willing to negotiate with the
+  government of President Victor Paz Estenssoro, but only if it
+  showed an intention to meet the strikers' demands.
+       The government said the strike was designed to cause it
+  embarrassment during the four-day visit of West German
+  President Richard Von Weizsaecker, which starts on Friday.
+      The miners statement said police had violently evicted
+  Comibol office workers in the city of Oruro after they began a
+  hunger strike yesterday.
+      The government has sacked about 20,000 miners from its
+  deficit-ridden corporation since the collapse in the
+  international price of tin. The lay-offs represent about
+  two-thirds of the original workforce.
+  
+
diff --git a/reuters/training/7534 b/reuters/training/7534
new file mode 100644
index 0000000000000000000000000000000000000000..cfe521644f4420a011b95ecf1bf6d816ebe9332c
--- /dev/null
+++ b/reuters/training/7534
@@ -0,0 +1,24 @@
+CHINESE PORT UNDERUSED DESPITE CONGESTION NEARBY
+  The Chinese port of Ningbo is
+  working well below capacity despite being only 130 miles from
+  Shanghai, which is seriously congested, a port official said.
+      Jiang Feng Xiang said the port -- the deepest in China --
+  handled 17.95 mln tonnes of cargo last year, up from 10.44 mln
+  in 1985, but well below its potential capacity of 32 mln
+  tonnes. Shanghai handled 100 mln tonnes of cargo in 1986.
+      Jiang said Ningbo is under-utilised because of its
+  inadequate facilities, including a single track rail line
+  linking it to Hangzhou, where it joins the national network.
+      Ningbo handles crude oil exports and transhipments of coal
+  from north to south China and imports include fertiliser and
+  soda ash and iron ore from Brazil and Australia. The docks can
+  handle ships of up to 150,000 tonnes and oil tankers of up to
+  200,000 tonnes can load and unload in the harbour.
+      Most of Ningbo's port infrastructure has been built since
+  1979, official publications show. A container berth and two
+  timber and three general cargo berths will be added during the
+  current 1986-90 five-year plan, Jiang said.
+      "The rail line to Hangzhou will be double tracked by 1995.
+  By 2000, maybe, we will overtake Shanghai," he added.
+  
+
diff --git a/reuters/training/7537 b/reuters/training/7537
new file mode 100644
index 0000000000000000000000000000000000000000..a3bf4458ed1a6f5880343ddb2e28a4fedaa102eb
--- /dev/null
+++ b/reuters/training/7537
@@ -0,0 +1,23 @@
+VOLCKER SAYS U.S. TRADE DEFICIT IS MAJOR CHALLENGE
+  Federal Reserve Board
+  Chairman Paul Volcker said the U.S. Trade deficit is a
+  challenge for the U.S. Equal to the Soviet Union launching of
+  Sputnik.
+      "The international challenge implicit in our huge trade
+  deficit has become the 1980s equivalent to the launch of
+  Sputnik by the Russians in the 1950s, when we suddenly feared
+  we were to be left in the wake of Soviet technological
+  achievement," he said in an address to Florida educators.
+       He said the trade problem underscored the need to reform
+  the U.S. Educational system to improve economic performance.
+      The Commerce Department reported last week that the
+  nation's trade gap, calculated on a balance-of-payments basis,
+  swelled to a record 38.37 billion dlrs in the fourth quarter,
+  bringing the 1986 deficit to a record 147.71 billion dlrs.
+      Volcker called on educators to stress the development of
+  basic reading, writing and mathematics skills and urged them to
+  help students adapt to the fast-changing economic climate.
+      Volcker said the challenge was greatest in the education of
+  low-income minority groups such as blacks and Hispanics.
+  
+
diff --git a/reuters/training/7538 b/reuters/training/7538
new file mode 100644
index 0000000000000000000000000000000000000000..869100c9de7edf001e8c186586d2d4ad5220604b
--- /dev/null
+++ b/reuters/training/7538
@@ -0,0 +1,35 @@
+SHORT-TERM YEN INTEREST RATES SEEN FALLING SOON
+  Japanese short-term interest rates,
+  buoyed recently by seasonal factors, are likely to fall from
+  the beginning of April when the new financial year begins,
+  money traders said.
+      The Bank of Japan is expected to encourage the trend
+  following its attempts to pressure rates to enhance its
+  discount rate cut on February 23, they said.
+      The Bank cut the rate to 2.5 pct from three, and began
+  actively injecting funds into the money market to offset rate
+  rises resulting from the end-of-fiscal-year surge in demand for
+  funds from financial institutions.
+      Despite its attempts to dampen rates with measures such as
+  aggressive commercial bill purchases, the central bank has
+  failed to remove all upward pressure, money traders said.
+      Attractive interest rates offered by domestic banks to
+  compete for time deposits of more than 600 mln yen has
+  underpinned short-term rates, they said.
+      Interest rates on time deposits of more than 600 mln yen
+  were decontrolled by the Finance Ministry last September.
+      This resulted in such deposits with domestic banks rising
+  to 17,830 billion yen by the end-December, a three-fold
+  increase on end-December 1985 levels, bankers said.
+      On March 31, the money market expects to see a 2,000
+  billion yen surplus resulting from government payment of fiscal
+  funds, money traders said.
+      From April 1, they predict the unconditional call rate will
+  fall to 3.5000 pct from 3.7500 pct today and the one-month
+  commercial bill discount rate to drop to 3.7500 pct from 4.0635
+  pct.
+      They predict the three-month bill discount rate to slip to
+  3.875 pct from 4.0000 today and the three-month certificate of
+  deposit rate to slide to 4.10/4.15 from 4.35/25.
+  
+
diff --git a/reuters/training/7539 b/reuters/training/7539
new file mode 100644
index 0000000000000000000000000000000000000000..917b2a992726966583d954caae98f54039542dd7
--- /dev/null
+++ b/reuters/training/7539
@@ -0,0 +1,25 @@
+KRUNG THAI BANK TO TAKE OVER SAYAM BANK
+  The state-owned Krung Thai Bank Ltd
+  will start taking over state-owned Sayam Bank Ltd and complete
+  the process in a year, Finance Minister Suthee Singhasaneh told
+  a press conference.
+      He said the takeover decision was made this week to stem
+  the current heavy losses of Sayam and to avoid competition
+  between the two state-owned institutions.
+      The minister said some of the existing 30 Sayam Bank
+  branches will be merged with their Krung Thai counterparts,
+  while others will continue operating but under Krung Thai's
+  name.
+      Sayam Bank has existed since August 1984 when the Finance
+  Ministry took over and re-named the Asia Trust Bank Ltd.
+      Sayam president Waree Havanonda told reporters last month
+  her bank posted a loss of more than 400 mln baht in 1986. At
+  the end of 1985 the bank, with 13.8 billion baht of assets, was
+  ranked 12th among Thailand's 16 local commercial banks.
+      Waree said Sayam Bank was trying to recall about six to
+  seven billion baht of loans extended by its previous private
+  management and was taking legal action to collect another four
+  to five billion baht of doubtful debts.
+      Krung Thai is Thailand's third largest bank.
+  
+
diff --git a/reuters/training/754 b/reuters/training/754
new file mode 100644
index 0000000000000000000000000000000000000000..a05b0861358767edd0863dfc37c22351834f0ed3
--- /dev/null
+++ b/reuters/training/754
@@ -0,0 +1,14 @@
+SENIOR DELEGATES PESSIMISTIC ON ICO TALKS
+  Efforts to break an impasse between
+  coffee exporting and importing countries over regulating the
+  world coffee market in the face of falling prices appear to
+  have failed, senior delegates said after a contact group
+  meeting. The full ICO council is due to meet this evening.
+      President of the Brazilian Coffee Institute (IBC) Jorio
+  Dauster told Reuters after the contact group meeting there had
+  been no agreement on quotas as consumers had tried to dictate
+  market shares rather than negotiate them.
+      Dauster said there are no plans yet to renew negotiations
+  at a later date.
+  
+
diff --git a/reuters/training/7541 b/reuters/training/7541
new file mode 100644
index 0000000000000000000000000000000000000000..b783178e4154bcfd0a4c4d912ea80ffab63a903e
--- /dev/null
+++ b/reuters/training/7541
@@ -0,0 +1,10 @@
+KOMATSU LTD <KOMT.T> YEAR 1986
+  Group shr 17.68 yen vs 26.49
+       Net 14.70 billion vs 21.92 billion
+       Pretax 35.76 billion vs 48.85 billion
+       Operating 32.88 billion vs 51.90 billion
+       Sales 788.73 billion vs 796.24 billion
+       NOTE - Company forecast for current year is group net
+  15.50 billion on sales of 800 billion.
+  
+
diff --git a/reuters/training/7543 b/reuters/training/7543
new file mode 100644
index 0000000000000000000000000000000000000000..0ebf34dd162dd795510882087dc0dd4c9a261c0c
--- /dev/null
+++ b/reuters/training/7543
@@ -0,0 +1,32 @@
+S. KOREAN FEBRUARY CURRENT ACCOUNT SURPLUS NARROWS
+  South Korea's current account surplus
+  narrowed to 419 mln dlrs in February from 679 mln in January
+  compared with a deficit of 112 mln dlrs in February last year,
+  provisional Bank of Korea figures show.
+      The current account in the two months of January and
+  February swung to a surplus of 1.1 billion dlrs from a deficit
+  of 494 mln dlrs in the same 1986 period.
+      The February trade surplus narrowed to 235 mln dlrs from
+  582 mln in January compared with a deficit of 98 mln dlrs a
+  year ago.
+      The overall balance of payments surplus rose to 840 mln
+  dlrs in February from 716 mln in January and 76 mln in February
+  1986.
+      Exports were 2.86 billion dlrs in February against 2.83
+  billion in January and 2.23 billion in February last year.
+  Imports were 2.63 billion against 2.25 billion and 2.32
+  billion.
+      The February invisible trade surplus rose to 109 mln dlrs
+  from 24 mln in January and compared with a deficit of 74 mln a
+  year ago.
+      The transfer payments surplus widened to 75 mln dlrs in
+  February from 73 mln in January and 60 mln a year ago.
+      The long-term capital account surplus was 198 mln dlrs in
+  February against 211 mln in January and 55 mln in February last
+  year. The short-term capital account surplus was 87 mln dlrs
+  against 46 mln and 158 mln.
+      The errors and omissions account left a surplus of 840 mln
+  dlrs in February against deficits of 220 mln in January and 25
+  mln in February 1986.
+  
+
diff --git a/reuters/training/7544 b/reuters/training/7544
new file mode 100644
index 0000000000000000000000000000000000000000..322685349602e4051c1cc4a47cec22f03e005737
--- /dev/null
+++ b/reuters/training/7544
@@ -0,0 +1,14 @@
+KIRIN BREWERY CO LTD <KNBW.T> YEAR TO JANUARY 31
+  Parent shr 37.12 yen vs 34.97
+      Div 9.50 yen vs 7.50
+      Net 33.34 billion vs 31.05 billion
+      Current 79.30 billion vs 73.32 billion
+      Operating 72.13 billion vs 65.53 billion
+      Sales 1,222 billion vs 1,211 billion
+      Outstanding shrs 897.96 mln vs 887.76 mln
+      NOTE - 1986/87 dividend included two yen bonus dividend to
+  mark 80th anniversary. Company forecast for current year is
+  parent shr 37.86 yen, div 7.50 yen, net 34 billion, current 81
+  billion and sales 1,250 billion.
+  
+
diff --git a/reuters/training/7545 b/reuters/training/7545
new file mode 100644
index 0000000000000000000000000000000000000000..82dd4ca33c8bc88df10e56d9aa979519ba79bb43
--- /dev/null
+++ b/reuters/training/7545
@@ -0,0 +1,87 @@
+ECONOMIC SPOTLIGHT - ASIAN DROUGHTS
+  Three geographically diverse droughts
+  in Asia are being linked by some scientists to a
+  reintensification of the complex and little-understood El Nino
+  weather pattern, <Accu-Weather Inc>, a commercial weather
+  forecasting service, said.
+      Rice and wheat farmers in China, wheat and sugarcane
+  growers in Australia and tea planters in Sri Lanka all face
+  serious losses to their respective harvests unless rains arrive
+  in time to break the droughts, offical reports, government
+  officials and meteorologists said.
+      Wen Wei Po, a Hong Kong daily with close Peking links, said
+  the drought is the worst in over 20 years and some provinces
+  have been without adequate rainfall for more than seven months.
+      Rice planting is threatened in eight provinces, it added.
+      Rainfall in the key farming provinces of Henan and Sichuan
+  was 70 pct below average during February, the lowest figure for
+  over 20 years, the paper said.
+      The dry weather has cut stored water volumes by over 20 pct
+  compared with last March and lowered the water levels of many
+  rivers, it added.
+      This has resulted in reduced hydro-electric power, causing
+  shortages to industry and households. The upper reaches of the
+  Yangtze are at their lowest levels in a century, causing many
+  ships to run aground, Wen Wei Po said.
+      Unusually high temperatures have also been reported across
+  China, media reports said. The People's Daily said Sichuan has
+  recorded temperatures three degrees Celsius higher than average
+  since early February.
+      The New China News Agency said the average December
+  temperature in Harbin in the northeast was six degrees higher
+  than last December and 14 degrees higher than December 1984.
+      Severe drought is affecting about one-third of Sri Lanka
+  and threatens to reduce the country's tea crop, Ministry of
+  Plantation Industries officials told Reuters
+      In Australia, concern is growing about below-average
+  rainfall levels in parts of the sugarcane belt along the
+  Queensland coast and in Western Australia's wheat belt, local
+  Meteorological Bureau officials said.
+      For many farmers and government officials the fear is that
+  while the present low rainfall does not yet pose a major
+  threat, the prospect of a dry autumn/winter season when the
+  wheat crop is in its early stages certainly does, they added.
+      Concern is heightened by the memory of the 1982/83 drought
+  which devastated the wheat crop and coincided with the
+  occurrence of the barely understood weather phenomenon known as
+  El Nino, they said.
+      Although meteorologists are cautious about linking the
+  Asia-Pacific region's disrupted weather patterns to any single
+  cause, El Nino's role is being closely studied, they said.
+      Accu-Weather Inc, which specialises in providing data for
+  agriculture and shipping interests, said each El Nino 'event'
+  was unique.
+      The El Nino does not always produce the same effects and
+  the present occurrence is much less pronounced than the last
+  major event in 1982/83, it said.
+      El Nino, Spanish for "Christ Child" because it appears around
+  Christmas, is formed by the action of warm air, bearing clouds
+  and rain, shifting from the Indonesian archipelago to the coast
+  of Peru, where it mingles with the cold waters associated with
+  the Peru current and returns across the Pacific as the trade
+  winds, meteorologists said.
+      The winds, strengthened by El Nino's "pump" effect, raise the
+  sea level off Australia and Indonesia, they said.
+      When the winds drop, the ocean, seeking equilibrium, sends
+  a surge of warmer water back across the Pacific where it
+  collides with the cold seas off Peru, they said.
+      One effect of this heat exchange is to deflect the
+  rain-bearing clouds away from Australia and Indonesia into the
+  Pacific, where they further disrupt other weather patterns.
+      The prospects for an end to the droughts vary, Accu-Weather
+  said.
+      China, where the affected areas have received between 40
+  and 75 pct of normal rainfall, will have to wait for the
+  May-September rains, it said.
+      The May-September rains normally provide the
+  drought-striken areas with 80 pct of annual rainfall.
+      In Australia, areas of Queensland's coastal strip have
+  received less than half the normal rainfall during the current
+  wet season, but prospects for increased rains are diminishing
+  as the rainy season draws to an end.
+      In Sri Lanka, the drought has come when rainfall should be
+  at its maximum for the year. The year's secondary rains usually
+  occur between April and June, although it is not possible at
+  this stage to forecast whether they will arrive as usual.
+  
+
diff --git a/reuters/training/7548 b/reuters/training/7548
new file mode 100644
index 0000000000000000000000000000000000000000..ff9c79add05fe0c2d210d416ba2ecb619cc94aec
--- /dev/null
+++ b/reuters/training/7548
@@ -0,0 +1,14 @@
+RAINBOW AND EQUITICORP PLACE ULTRAMAR STAKE
+  New Zealand investment companies
+  <Rainbow Corp Ltd> and <Equiticorp Holdings Ltd> have placed
+  the majority of their joint shareholding in oil and gas
+  conglomerate Ultramar PLC <UMAR.L> at prices up to 2.20 stg per
+  share, the companies said in a statement.
+      The companies said they had bought their 4.9 pct stake in
+  Ultramar for a total of 50 mln N.Z. Dlrs through a joint
+  venture company formed for that purpose in October.
+      They said the joint venture made a profit of 15 mln N.Z.
+  Dlrs on the deal, but they did say how many shares they had
+  sold. No further details of the sale were available.
+  
+
diff --git a/reuters/training/7552 b/reuters/training/7552
new file mode 100644
index 0000000000000000000000000000000000000000..e71c73b50c80466e0a137e919f44bab0015b94e3
--- /dev/null
+++ b/reuters/training/7552
@@ -0,0 +1,25 @@
+PHILIPPINE COPPER SMELTER FACES SHIPMENT DELAYS
+  Copper shipments are likely to be
+  delayed because of power problems at <Philippine Associated
+  Smelting and Refining Corp> (PASAR), the country's only
+  smelter, a company official said.
+      Asked to confirm reports by New York copper trade sources
+  about PASAR's shipment problems, marketing manager Deogracias
+  Madrid told Reuters, "They are partly correct. There could be a
+  probable delay."
+      Madrid declined to give more details, or production and
+  export figures, saying the information could lead to
+  speculation.
+      PASAR's smelter is in the central province of Leyte.
+      The New York trade sources said if PASAR's shipments were
+  delayed, customers might have to turn to the London Metal
+  Exchange for supply.
+      "We have a commitment to our customers and I would not like
+  to comment on that," Madrid said.
+      A spokeswoman for the Chamber of Mines said Philippine
+  copper production amounted to 222,644 tonnes in 1986, down
+  slightly from 226,157 tonnes in 1985. She said production in
+  the first two months of 1987 totalled 34,550 tonnes, compared
+  with 36,462 tonnes in the same 1986 period.
+  
+
diff --git a/reuters/training/7554 b/reuters/training/7554
new file mode 100644
index 0000000000000000000000000000000000000000..08c6215cf266ce7aafd4f96d8f11ff9452b5ac35
--- /dev/null
+++ b/reuters/training/7554
@@ -0,0 +1,5 @@
+ German M3 rose 2.6 billion marks in February to 1,035.1 billion - Bundesbank
+
+   German M3 rose 2.6 billion marks in February to 1,035.1 billion - Bundesbank
+  
+
diff --git a/reuters/training/7555 b/reuters/training/7555
new file mode 100644
index 0000000000000000000000000000000000000000..069af644f2caf333a451ad1788219180d41b1626
--- /dev/null
+++ b/reuters/training/7555
@@ -0,0 +1,8 @@
+GERMAN M3 RISES 2.6 BILLION MARKS IN FEBRUARY
+  West German M3 money supply rose a
+  seasonally adjusted 2.6 billion marks in February to 1,035.1
+  billion, the Bundesbank said.
+      The rise compares with a revised 14.8 billion mark increase
+  in January and a 2.2 billion rise in February 1986.
+  
+
diff --git a/reuters/training/7557 b/reuters/training/7557
new file mode 100644
index 0000000000000000000000000000000000000000..9f4bd2ac17600cdeaef5ed72847e181051715f8c
--- /dev/null
+++ b/reuters/training/7557
@@ -0,0 +1,22 @@
+NON-COMMUNIST STEEL OUTPUT CONTINUES TO FALL
+  Steel output in the major
+  non-Communist producing countries fell sharply in February,
+  continuing a long-running trend, International Iron and Steel
+  Institute figures showed.
+      Production in the 30 countries which report their figures
+  to it was 6.9 pct below the February 1986 level at 32.03 mln
+  tonnes.
+      Output in the United States fell 18.5 pct to 5.30 mln
+  tonnes, that in Japan 7.8 pct to 7.27 mln and that in the
+  European Community 6.5 pct to 9.91 mln.
+      The figures continue to indicate a switch away from these
+  traditional major producing countries to the more advanced
+  developing countries.
+      Brazilian February output rose 9.2 pct from year-earlier
+  levels to 1.73 mln tonnes and that in South Korea was up 7.5
+  pct at 1.17 mln tonnes.
+      The 30 countries covered by the figures account for about
+  97 pct of world non-Communist steel production, the Institute
+  said.
+  
+
diff --git a/reuters/training/7558 b/reuters/training/7558
new file mode 100644
index 0000000000000000000000000000000000000000..17ef13a4771d729fd079c345affc05c2ba7f6b4f
--- /dev/null
+++ b/reuters/training/7558
@@ -0,0 +1,23 @@
+GUINNESS STARTS COURT ACTION AGAINST SAUNDERS
+  Guinness Plc <GUIN.L> said it has
+  started court proceedings against former chairman and chief
+  executive Ernest Saunders and non-executive director Thomas
+  Ward for recovery of 5.2 mln stg.
+      The money was paid to Ward via Marketing and Acquisition
+  Consultants Ltd in Jersey.
+      Guinness said earlier it would propose a resolution at the
+  annual meeting in May to remove Saunders and Ward as directors
+  of the company.  Earlier this month, lawyers for Ward told a
+  Jersey court that Ward saw the payment as his reward for
+  services in last year's takeover battle for <Distillers Co
+  Plc>.
+      Guinness has said that both men breached their fiduciary
+  duty in authorising the payment.
+      Saunders resigned from his executive positions at Guinness
+  in January in the aftermath of a government enquiry into share
+  dealings during the battle for Distillers but retained his
+  position on the board.
+      No spokesman for Guinness was immediately available for
+  comment on the statement.
+  
+
diff --git a/reuters/training/7559 b/reuters/training/7559
new file mode 100644
index 0000000000000000000000000000000000000000..71ee82898caa7601fe38443514b26dfa2e065a8c
--- /dev/null
+++ b/reuters/training/7559
@@ -0,0 +1,11 @@
+NEW DUTCH ADVANCES TOTAL FOUR BILLION GUILDERS
+  The Dutch Central Bank said it has
+  accepted bids totalling 4.00 billion guilders at tender this
+  morning for new five-day special advances at 5.3 pct for the
+  period March 20 to 25.
+      Subscriptions to 250 mln guilders were fully met, amounts
+  above 250 mln at 30 pct.
+      The new facility replaces old 11-day advances totalling 6.5
+  billion guilders at the same rate.
+  
+
diff --git a/reuters/training/756 b/reuters/training/756
new file mode 100644
index 0000000000000000000000000000000000000000..f0a0306664d04764ecc13ef0599bb0d8dd142f1c
--- /dev/null
+++ b/reuters/training/756
@@ -0,0 +1,6 @@
+GLAMIS GOLD LTD <GLGVF> SIX MTHS DEC 31 NET
+  Shr 16 cts vs 22 cts
+      Net 1,226,597 vs 1,327,016
+      Revs 6,598,580 vs 5,921,828
+  
+
diff --git a/reuters/training/7562 b/reuters/training/7562
new file mode 100644
index 0000000000000000000000000000000000000000..624cb955a5f87191311f8415b10ac800c9a08097
--- /dev/null
+++ b/reuters/training/7562
@@ -0,0 +1,14 @@
+U.K. MONEY MARKET OFFERED EARLY ASSISTANCE
+  The Bank of England said it had invited
+  an early round of bill offers from the discount houses after
+  forecasting a shortage of around 950 mln stg in the money
+  market today.
+      Among the main factors affecting liquidity, bills maturing
+  in official hands and the take-up of treasury bills will drain
+  around 572 mln stg while a rise in note circulation wil take
+  out some 280 mlns stg.
+      In addition, exchequer transactions and bankers' balances
+  below target will remove some 85 mln stg and 15 mln stg for the
+  system respectively.
+  
+
diff --git a/reuters/training/7564 b/reuters/training/7564
new file mode 100644
index 0000000000000000000000000000000000000000..b697e0beb35a4f5191f6db511c882a6e9c3675e1
--- /dev/null
+++ b/reuters/training/7564
@@ -0,0 +1,5 @@
+Abbey National said it cutting U.K. Mortgage rate by 1.125 pct to 11.25 pct
+
+  Abbey National said it cutting U.K. Mortgage rate by 1.125 pct to 11.25 pct
+  
+
diff --git a/reuters/training/7565 b/reuters/training/7565
new file mode 100644
index 0000000000000000000000000000000000000000..bdacc4f1228b60a9ecb3dee327bbb4a0fa25ea5e
--- /dev/null
+++ b/reuters/training/7565
@@ -0,0 +1,13 @@
+INDIA DETAILS RAIN/FLOOD DAMAGE TO GRAIN IN 1986
+  Rain and floods in India last year
+  damaged about 69,000 tonnes of grain intended for human
+  consumption during storage and transportation, food and civil
+  supplies minister H. K. L. Bhagat told Parliament.
+      He did not give comparative figures and said the
+  government-owned Food Corporation of India (FCI) had not yet
+  decided whether these grains could be used as cattle feed.
+      Bhagat said the FCI had a total of 16.43 mln tonnes of food
+  grains in its warehouses at the end of 1986. It had asked state
+  governments to build more warehouses to avoid damage to grains.
+  
+
diff --git a/reuters/training/7566 b/reuters/training/7566
new file mode 100644
index 0000000000000000000000000000000000000000..22f9032413a34a04ff03d45c5f7a3bdcb1be5f65
--- /dev/null
+++ b/reuters/training/7566
@@ -0,0 +1,65 @@
+TROPICAL FOREST DEATH COULD SPARK NEW DEBT CRISIS
+  The death of the world's tropical rain
+  forests could trigger a new debt crisis and social and
+  biological disasters, scientists and ecologists involved with
+  the International Tropical Timber Organisation (ITTO) said.
+      At stake is the ability of developing nations, including
+  Brazil, Mexico and the Philippines, to service their debts and
+  the loss of trade worth hundreds of billions of dollars in
+  important sectors such as agriculture and pharmaceuticals, they
+  said.
+      The experts, gathering ahead of an ITTO meeting of
+  consumers and producers near Tokyo next week, said the problem
+  is already acute.
+      The Philippines offers a textbook case of the economic
+  dangers. "For many third world nations, the loss of the forest
+  is not just a loss of resources," said Delfin Ganapin, a
+  Philippine government consultant on environmental impact.
+      "In the 1960s we had 16 mln hectares of commercial forest,
+  now we have one mln. We have only around 10 years of profitable
+  logging left. With a 26 billion dlr debt, the loss of logging
+  foreign exchange earnings is serious," he said.
+      About 14 mln Philippine people depend on upland areas that
+  are now denuded and farmers cannot grow crops.
+      Government security advisers say that as a direct result,
+  the most likely source of revolution in the Philippines is in
+  the upland areas, said Ganapin.
+      Replanting is uneconomic and replanted tropical hardwoods
+  have less than a 50 pct chance of survival. There is no known
+  way to reproduce the wood, or the millions of species within.
+      "No replanting programme has been successful," said Almy
+  Hafild from the Indonesian Network for Forest Conservation.
+      Ganapin said three billion dlrs would be needed in the next
+  two years alone to save five mln hectares of critically denuded
+  land in the Philippines.
+      The experts say that without a major initiative from the
+  development banks, the vicious circle will continue with
+  countries cutting more forest to help service short-term debts
+  at the cost of long-term insolvency.
+      Yet timber, a five billion dlr a year industry, is not
+  necessarily the most direct economic product of the forests,
+  and nations must be educated in how best to "farm" them, said
+  Peter Kramer, World Wildlife Fund (WWF) conservation director.
+      There is a four billion dlr annual global trade in the end
+  products of rattan, and Brazil nuts earn Brazil 16 mln dlrs a
+  year, he said.
+      U.S. Pharmacologist Norman Farnsworth has calculated that
+  25 pct of all U.S. Prescriptions owe their active ingredients
+  to higher plants growing in the forests.
+      Deforestation would wipe out the chance of further
+  discoveries and force major corporations to research, develop
+  and produce man-made substitutes, at a cost which scientists
+  say is incalculable.
+      By the year 2000, only 10 developing nations will still be
+  exporting timber, from 33 currently, and their export earnings
+  will drop from a 1980 peak of 6.8 billion dlrs to less than two
+  billion, a World Bank and U.N. Sponsored survey said.
+      Of the 20.3 billion dlrs advanced by the World Bank,
+  Inter-American, African and Asian Development Banks in 1980-84,
+  only 100 mln dlrs went to forestry projects, it said.
+      WWF statistics show half of the world's tropical forests
+  have vanished since the 1940s. Of 2,000 mln hectares remaining,
+  up to 16 mln are destroyed each year by destructive logging
+  practises and by local farmers.
+  
+
diff --git a/reuters/training/7568 b/reuters/training/7568
new file mode 100644
index 0000000000000000000000000000000000000000..b9b05b64c715c9d2f04a11a5e7ef49036808502f
--- /dev/null
+++ b/reuters/training/7568
@@ -0,0 +1,13 @@
+BANK OF FINLAND WILL ANNOUNCE NEW MEASURES
+  The Bank of Finland called a news
+  conference at 1200 GMT to announce new measures for the
+  "development of the system of monetary control."
+      A spokesman for the Bank declined to give further details.
+      Banking sources said they expected the bank to announce it
+  will actively take part in the interbank market and buy and
+  sell certificates of deposit.
+      The state treasury issues government paper with a maturity
+  of up to one year. The central bank has so far not issued its
+  own paper, the sources said.
+  
+
diff --git a/reuters/training/7569 b/reuters/training/7569
new file mode 100644
index 0000000000000000000000000000000000000000..354e34421df12e19a7da04d67c34ef4990db4403
--- /dev/null
+++ b/reuters/training/7569
@@ -0,0 +1,18 @@
+JAPAN SLIGHTLY REDUCES SUGAR CONSUMPTION ESTIMATE
+  The Agriculture Ministry said it revised
+  its April-June sugar consumption estimate down to 623,300
+  tonnes on a refined basis, from 637,800 estimated at the end of
+  December.
+      It said the estimate for domestically produced sugar supply
+  for the same period was revised to 190,400 tonnes from the
+  earlier estimate of 195,100 tonnes, while imports were revised
+  to 402,000 tonnes from the earlier 435,800 tonnes.
+      It did not revise its sugar consumption estimate of 2.53
+  mln tonnes for the 1986/87 sugar year ending September 30.
+      The ministry said the estimate for the 1986/87 year's
+  supply of domestically produced sugar was revised to 881,000
+  tonnes, from the earlier estimate of 863,000.
+      The estimate for 1986/87 imports was revised to 1.642 mln
+  tonnes, from an earlier 1.645 mln tonnes.
+  
+
diff --git a/reuters/training/757 b/reuters/training/757
new file mode 100644
index 0000000000000000000000000000000000000000..84b1f5d2732eca65ccb44ffb705b85b7e8db64b1
--- /dev/null
+++ b/reuters/training/757
@@ -0,0 +1,8 @@
+U.S. APPROVES BUYOUT OF COASTAL BANCORP <CSBK>
+  Coastal Bancorp said the U.S.
+  Federal Reserve Board approved the acquisition of Coastal by
+  Suffield Financial Corp <SSBK>.
+      The acquisition still requires approval from the Banking
+  Department in Maine, the company noted.
+  
+
diff --git a/reuters/training/7570 b/reuters/training/7570
new file mode 100644
index 0000000000000000000000000000000000000000..55e0c008c57b2c66ec46828035a61562a275b810
--- /dev/null
+++ b/reuters/training/7570
@@ -0,0 +1,14 @@
+GERMAN VEBA PLACEMENT SAID LIKELY EARLY NEXT WEEK
+  The placement of the German federal
+  government's 25.6 pct stake in utility Veba AG <VEBG.F> would
+  probably take place early next week, banking sources said.
+      Share dealers said speculation had arisen in the early
+  pre-bourse market that the Veba announcement could come as
+  early as today. But one banking source, though confirming that
+  most of the details had been worked out, said the chances of an
+  announcement today were about nil. He had no price details.
+      The 10 mln shares on offer are expected to bring a cash
+  call in Germany for well over two billion marks. The share was
+  around 253 marks today after a 6.50 drop to 252 yesterday.
+  
+
diff --git a/reuters/training/7571 b/reuters/training/7571
new file mode 100644
index 0000000000000000000000000000000000000000..424c41f71d667d0734665a624d9a48bf86456e54
--- /dev/null
+++ b/reuters/training/7571
@@ -0,0 +1,14 @@
+U.K. MONEY MARKET GIVEN 728 MLN STG EARLY HELP
+  The Bank of England said it had provided
+  the money market with 728 mln stg assistance in response to an
+  early round of bill offers from the discount houses.
+      Earlier, the Bank had estimated the shortage in the system
+  today at 950 mln stg.
+      The central bank purchased 625 mln stg of bills for resale
+  to the market on April 7 at rates of interest between 9-15/16
+  pct and 10 pct.
+      It also bought 103 mln stg bank bills outright comprising
+  65 mln stg in band one at 9-7/8 pct and 38 mln stg in band two
+  at 9-13/16 pct.
+  
+
diff --git a/reuters/training/7574 b/reuters/training/7574
new file mode 100644
index 0000000000000000000000000000000000000000..1fad2f5f95c27887c5940094ff596f1ba59f7227
--- /dev/null
+++ b/reuters/training/7574
@@ -0,0 +1,5 @@
+ Feb daily ave unwrought aluminium output 33,900 tonnes, up 400 tonnes, IPAI.
+
+   Feb daily ave unwrought aluminium output 33,900 tonnes, up 400 tonnes, IPAI.
+  
+
diff --git a/reuters/training/7576 b/reuters/training/7576
new file mode 100644
index 0000000000000000000000000000000000000000..9eeba658739ce9f9db887dff1c559ab5a4452017
--- /dev/null
+++ b/reuters/training/7576
@@ -0,0 +1,28 @@
+STANDARD BANK UNABLE TO MAKE EARNINGS FORECAST
+  Standard Bank Investment Corp Ltd
+  (SPRJ.J) chairman Henri de Villiers said he could not predict
+  profits for the bank this year because of South Africa's
+  continuing political unrest.
+      De Villiers also warned in the annual report that "failing
+  prompt and decisive political action, South Africa faces a
+  future of violent deadlock between different racial and
+  political groupings." 
+      He said South Africa's future economic prospects are
+  "clouded by political and social issues and in the absence of
+  evidence that these are being positively addressed I am unable
+  to offer an earnings forecast for 1987."
+      Standard Bank, 39 pct owned by Standard Chartered PLC
+   <STCH.L>, London, previously reported that 1986 net income
+  rose by 13.8 pct to 209.0 mln rand.
+      The bank said its bad debt losses should begin to decline
+  this year "although it may take some time before they return to
+  accepted industry norms."
+      The annual report showed that the bank's charge for bad and
+  doubtful debts rose in 1986 to 187.6 mln rand from 162.1 mln
+  rand in the prior year.
+      The bank said net income of its Standard Bank of South
+  Africa subsidiary declined 8.2 pct in 1986 to 112.3 mln rand in
+  a difficult banking environment caused mainly by low credit
+  demand.
+  
+
diff --git a/reuters/training/7577 b/reuters/training/7577
new file mode 100644
index 0000000000000000000000000000000000000000..30152e203985083f56a813ac83d3d7910bb51072
--- /dev/null
+++ b/reuters/training/7577
@@ -0,0 +1,22 @@
+NON-COMMUNIST FEBRUARY ALUMINIUM OUTPUT UP, IPAI
+  Non-Communist daily average unwrought
+  aluminium production in February was 33,900 tonnes, up 400
+  tonnes from a downwardly revised 33,500 tonnes in January and
+  compared with 32,900 tonnes in February 1986, provisional
+  figures from the International Primary Aluminium Institute
+  (IPAI) show.
+      Total production in February (28 days) was 949,000 tonnes
+  compared with a downwardly revised 1.038 mln in January (31
+  days) and 920,000 in February 1986.
+      The regional breakdown of unwrought aluminium production
+  was as follows (in thousands of tonnes) the IPAI said.
+                   Feb'87   Jan'87    Feb'86
+      Africa           45       50        41
+      North America   354      389       353
+      Latin America   115      121        98
+      East Asia         7        9        16
+      South Asia       72       79        72
+      Europe          268      293       256
+      Oceania          88       97        84
+  
+
diff --git a/reuters/training/7579 b/reuters/training/7579
new file mode 100644
index 0000000000000000000000000000000000000000..99dcf2dc0af914a1f2322d6439df0ed7ccd9f676
--- /dev/null
+++ b/reuters/training/7579
@@ -0,0 +1,15 @@
+EC APPROVES 25,000 TONNES OF BARLEY EXPORTS
+  The European Community authorised the
+  export of 25,000 tonnes of barley yesterday, bringing the
+  cumulative total at weekly tenders since the series started
+  last June to 3.33 mln tonnes, close to the 3.37 mln under
+  licence in the same year ago period, traders said.
+      All bids for wheat were rejected. However, the total to
+  date of 5.06 mln tonnes is still substantially more than the
+  3.03 mln under licence a year ago. The 80,000 tonnes of French
+  maize granted for export moved the total to 135,000 tonnes
+  since the tender opened in February this year. There were no
+  facilities for maize in the previous weekly grain export
+  series.
+  
+
diff --git a/reuters/training/758 b/reuters/training/758
new file mode 100644
index 0000000000000000000000000000000000000000..b8bc88b12d631869e65905337f95ab022f532aa9
--- /dev/null
+++ b/reuters/training/758
@@ -0,0 +1,7 @@
+LITTLE PRINCE PRODUCTIONS LTD<LTLP>1ST QTR LOSS
+  Qtr ended Dec 31
+      Shr profit nil vs loss nil
+      Net profit 858 vs loss 3,957
+      Revs 7,372 vs 1,500
+  
+
diff --git a/reuters/training/7580 b/reuters/training/7580
new file mode 100644
index 0000000000000000000000000000000000000000..e2925b768ba90f93307654ecfb2b88196c10366e
--- /dev/null
+++ b/reuters/training/7580
@@ -0,0 +1,5 @@
+U.K. FEB RETAIL PRICES UP 0.4 PCT, BASE REVISED, YEAR-ON-YEAR RISE 3.9 PCT - OFFICIAL
+
+  U.K. FEB RETAIL PRICES UP 0.4 PCT, BASE REVISED, YEAR-ON-YEAR RISE 3.9 PCT - OFFICIAL
+  
+
diff --git a/reuters/training/7581 b/reuters/training/7581
new file mode 100644
index 0000000000000000000000000000000000000000..97c2e4955d143a322729d0c3efb1a777c0720d9f
--- /dev/null
+++ b/reuters/training/7581
@@ -0,0 +1,5 @@
+UK AVERAGE GDP RISES PRELIMINARY 2.6 PCT IN 1986, UP 0.7 PCT IN 4TH QTR  - OFFICIAL
+
+  UK AVERAGE GDP RISES PRELIMINARY 2.6 PCT IN 1986, UP 0.7 PCT IN 4TH QTR  - OFFICIAL
+  
+
diff --git a/reuters/training/7583 b/reuters/training/7583
new file mode 100644
index 0000000000000000000000000000000000000000..c10dddfec774800bc11545636367c1c1bd62f6ad
--- /dev/null
+++ b/reuters/training/7583
@@ -0,0 +1,46 @@
+U.K. AVERAGE GDP RISES 2.6 PCT IN 1986
+  Britain's gross domestic product (GDP)
+  on the average basis of output, expenditure and income rose by
+  2.6 pct in 1986 after a 3.4 pct increase a year earlier,
+  Central Statistical Office (CSO) preliminary figures show.
+      In the fourth quarter, GDP rose 0.7 pct over the previous
+  quarter and was up 3.3 pct on the same 1985 quarter.
+      The average estimate index, seasonally-adjusted and based
+  1980, was set at 114.3 in the fourth quarter of 1986 against
+  113.5 in the previous quarter and 110.7 in the final quarter of
+  1985.
+      The CSO said the average GDP estimate index for 1986 as a
+  whole was 113.1, up 2.6 pct from 110.2 for 1985.
+      On the output measure, GDP rose an upward revised
+  seasonally adjusted 0.3 pct in the fourth quarter of 1986 to
+  114.9 on the output index from 114.5 in the previous quarter,
+  giving a 3.2 pct rise over the fourth 1985 quarter, the CSO
+  figures show.
+      On income-based GDP, the index in the fourth quarter rose
+  by 0.7 pct from the third quarter and was up 3.8 pct on the
+  year-ago quarter.
+      The indices stood at 115.3, 114.4 and 111.0 respectively.
+      Expenditure-based GDP rose 1.2 pct in the fourth quarter of
+  1986 from the third quarter and was up 2.9 pct from the same
+  1985 quarter.
+      The CSO set the expenditure index at 112.9 from 111.6 in
+  the third quarter of 1986 and 109.8 in the final 1985 quarter.
+      The year-on-year rise for expenditure GDP was 2.3 pct with
+  the expenditure index for the whole of 1986 set at 111.9
+  against 109.4 a year earlier.
+      For income GDP, the year-on-year rise was 2.6 pct against
+  against three pct a year earlier. The ouptut GDP measure rose
+  2.8 pct year-on-year, down from 3.8 pct in 1985.
+      The government usually considers the output measure the
+  most reliable way of measuring short-term GDP changes.
+      It is based on output data for production industry and
+  partial information for the rest of the economy.
+      The government had forecast that average measure GDP would
+  rise 2.5 pct in calendar 1986 after 3.3 pct in 1985. The budget
+  unveiled on Tuesday foresaw GDP growth in 1987 of three pct.
+      The GDP deflator, based on expenditure at market prices,
+  rose 1.2 pct in the fourth quarter from the third, to give a
+  2.4 pct rise over fourth quarter 1985. Year-on-year, the
+  deflator rose 3.7 pct.
+  
+
diff --git a/reuters/training/7584 b/reuters/training/7584
new file mode 100644
index 0000000000000000000000000000000000000000..51afa6522048f3e7e42a209b7b6cbfa4b8a27d36
--- /dev/null
+++ b/reuters/training/7584
@@ -0,0 +1,18 @@
+U.K. RETAIL PRICES RISE 0.4 PCT IN FEBRUARY
+  The Retail Price Index (RPI), Britain's
+  measure of inflation, rose 0.4 pct in February on a revised
+  basis, to give a year-on-year rise of 3.9 pct, the Employment
+  Department said.
+      In January, the index rose 0.4 pct for a 3.9 pct
+  year-on-year rise on both the previous base and the new index.
+      The February RPI was set at 100.4, base January 1987. In
+  February 1986, the RPI rose 0.4 pct, giving a 5.1 pct
+  year-on-year increase on the old basis.
+      The inflation data compares with market forecasts for a
+  rise of 0.4 - 0.5 pct in February and a yearly rise of about
+  four pct, economists said.
+      The Employment Department said the rise in the index
+  between January and February was mainly the result of higher
+  prices for petrol, fresh vegetables, cars and car maintenance.
+  
+
diff --git a/reuters/training/7585 b/reuters/training/7585
new file mode 100644
index 0000000000000000000000000000000000000000..9a3196a5d12b70a2484238c9f2246e038af2adf1
--- /dev/null
+++ b/reuters/training/7585
@@ -0,0 +1,8 @@
+DANISH WHOLESALE PRICES FALL 0.5 PCT IN FEBRUARY
+  Denmark's wholesale price index fell
+  0.5 pct in February, giving a year-on-year fall of 4.9 pct, the
+  National Statistics Office said.
+      The index, base 1980, stood at 135 in February, a fall of
+  one point compared to January, against 142 in February 1986.
+  
+
diff --git a/reuters/training/7587 b/reuters/training/7587
new file mode 100644
index 0000000000000000000000000000000000000000..62b42ea6080f40f2da9894d5cb2a24c4d7cdc057
--- /dev/null
+++ b/reuters/training/7587
@@ -0,0 +1,20 @@
+BANK OF SPAIN SUSPENDS ASSISTANCE, DRAINS FUNDS
+  The Bank of Spain suspended its daily
+  money market assistance and offered to drain funds with three-
+  and seven-day repurchase agreements at 12-1/2 pct, money market
+  sources said.
+      The sources said the measures were a further attempt to
+  rein in money supply and were likely to force some institutions
+  to scramble for funds before the 10-day accounting period for
+  reserve requirements closes on Monday.
+      The bank, which raised its rate for ordinary overnight
+  assistance to 13-3/4 from 13-1/2 pct on Wednesday, opened its
+  special borrowing facility for overnight funds at 14-1/2 pct.
+      Money market sources said institutions in need of funds
+  were likely to have to return to the bank tomorrow for further
+  assistance.
+      The bank rarely invites applications for ordinary
+  assistance on a Saturday and the sources said it was more
+  likely to open its special borrowing facility again.
+  
+
diff --git a/reuters/training/7590 b/reuters/training/7590
new file mode 100644
index 0000000000000000000000000000000000000000..23142386586eb61b3bff544a04d11383b0b4c436
--- /dev/null
+++ b/reuters/training/7590
@@ -0,0 +1,5 @@
+CANADA CONSUMER PRICE INDEX ROSE 0.4 PCT IN FEBRUARY, STATISTICS CANADA SAID
+
+  CANADA CONSUMER PRICE INDEX ROSE 0.4 PCT IN FEBRUARY, STATISTICS CANADA SAID
+  
+
diff --git a/reuters/training/7591 b/reuters/training/7591
new file mode 100644
index 0000000000000000000000000000000000000000..a4587ea6304e6777cbb79802a305531c37506ee5
--- /dev/null
+++ b/reuters/training/7591
@@ -0,0 +1,9 @@
+CANADA FEBRUARY CONSUMER PRICES UP 0.4 PCT
+  The Canadian consumer price index rose
+  0.4 pct in February, to 135.8, base 1981, compared with a 0.2
+  pct rise in January and a 0.4 pct rise in February last year,
+  Statistics Canada said.
+      The February year-one year rise was 4.0 pct compared with a
+  3.9 pct rise in January.R
+  
+
diff --git a/reuters/training/7592 b/reuters/training/7592
new file mode 100644
index 0000000000000000000000000000000000000000..03d7079fbd1a155991ee43c706ab1b5ec823229f
--- /dev/null
+++ b/reuters/training/7592
@@ -0,0 +1,21 @@
+BOLIVIAN MINERS CALL GENERAL STRIKE
+  About 9,000 miners employed by the
+  state corporation, Comibol, declared a general strike as from
+  midnight (0400 gmt) to press for higher salaries, a statement
+  by the federation for Bolivian mine workers said.
+       It said the strike was called to defend the nationalised
+  mining industry. The miners were willing to negotiate with the
+  government of President Victor Paz Estenssoro, but only if it
+  showed an intention to meet the strikers' demands.
+       The government said the strike was designed to cause it
+  embarrassment during the four-day visit of West German
+  President Richard Von Weizsaecker, which starts on Friday.
+      The miners statement said police had violently evicted
+  Comibol office workers in the city of Oruro after they began a
+  hunger strike yesterday.
+      The government has sacked about 20,000 miners from its
+  deficit-ridden corporation since the collapse in the
+  international price of tin. The lay-offs represent about
+  two-thirds of the original workforce.
+  
+
diff --git a/reuters/training/7593 b/reuters/training/7593
new file mode 100644
index 0000000000000000000000000000000000000000..35e8c93c98584458d759fd9649e6284613ed64a9
--- /dev/null
+++ b/reuters/training/7593
@@ -0,0 +1,32 @@
+KLM EXPANDS TALKS WITH BRITISH AND COMMONWEALTH
+  KLM Royal Dutch Airways <KLM.AS> said
+  it agreed to take full control of a partially owned Dutch-based
+  parcel delivery service and will offer a minority stake in it
+  to British and Commonwealth Shipping Plc <BCOM.L>
+      KLM, seeking to strengthen its market position in the fast
+  growing door-to-door delivery market, said it agreed with Dutch
+  retailer Vendex International <VENN.AS> to take over Vendex's
+  50-pct in their jointly-owned courier, <XP System VOF>.
+      Ownership of XP will now be brought into the talks started
+  by KLM last week with British and Commonwealth for a one-third
+  stake in the latter's <IML Air Services Group Ltd> courier.
+      When announcing the negotiations with British and
+  Commonwealth last week, KLM said buying a minority stake in IML
+  could involve a convertible loan issue.
+      A KLM spokeswoman said the Dutch flag carrier would now
+  offer a minority stake in XP to British and Commonwealth in the
+  negotiations on IML, but declined to elaborate on financial
+  aspects of the talks.
+      She said KLM would like the two courier services to
+  cooperate in future and did not exclude a future merger between
+  them to combine IML's strong world-wide network with XP's
+  mainly European activities.
+      XP System is based in the southern Dutch airport of
+  Maastricht and has an annual turnover of 100 mln guilders.
+      KLM, which is also negotiating with British and
+  Commonwealth for a 15-pct stake in the latter's regional
+  airline <Air U.K. Ltd>, says door-to-door delivery courier
+  services are seeing substantially faster growth than
+  traditional cargo activities.
+  
+
diff --git a/reuters/training/7596 b/reuters/training/7596
new file mode 100644
index 0000000000000000000000000000000000000000..e2fe71558b02d677700ca2144764cb86794c0281
--- /dev/null
+++ b/reuters/training/7596
@@ -0,0 +1,32 @@
+RAINBOW SAYS BRIERLEY UPSETTING PROGRESSIVE MERGER
+  <Rainbow Corp Ltd> said <Brierley
+  Investments Ltd> (BIL) is trying to disrupt Rainbow's planned
+  merger with <Progressive Enterprises Ltd>.
+      Rainbow chairman Allan Hawkins said in a statement, "In our
+  opinion BIL have deliberately tried to create anomalies in the
+  market prices of Rainbow and Progressive shares since the
+  merger was announced."
+      The merger, announced in February, involves the formation
+  of a new company, <Astral Pacific Corp Ltd>, which Rainbow and
+  Progressive shareholders will enter into on a one-for-one share
+  basis. Both boards have approved the merger.
+      BIL has said it was the mystery bidder behind a recent
+  stand in the market for three mln Progressive shares.
+      "We simply regard Progressive Enterprises shares to be worth
+  approximately twice as much as Rainbow shares and do not think
+  the merger, as proposed, is soundly based," BIL chief executive
+  Paul Collins said in an interview in the weekly National
+  Business Review newspaper published today.
+      Collins was not immediately available to respond directly
+  to Hawkins' statement.
+      Hawkins said the merger has been assessed by independent
+  consultants and declared fair in all respects, with benefits to
+  all shareholders.
+      "We are not going to stand by while other parties distort
+  the picture for their own strategic purposes and distract the
+  market away from the real benefits of the merger," he said.
+      "In our opinion, BIL's actions are clearly not designed to
+  be in the long term interests of either Progressive or Rainbow
+  shareholders," Hawkins said.
+  
+
diff --git a/reuters/training/7599 b/reuters/training/7599
new file mode 100644
index 0000000000000000000000000000000000000000..a7778dddbca06ab1c75d363376b38430e59cb2d6
--- /dev/null
+++ b/reuters/training/7599
@@ -0,0 +1,11 @@
+U.K. MONEY MARKET GIVEN FURTHER 31 MLN STG HELP
+  The Bank of England said it gave the
+  money market another 31 mln stg in assistance in the morning
+  session.
+      This brings the Bank's total help today to 759 mln stg and
+  compares with its estimate of a 1.05 billion stg money market
+  shortage which it earlier revised up from 950 mln stg.
+      The central bank bought 31 mln stg of bank bills outright
+  in band two at 9-13/16 pct.
+  
+
diff --git a/reuters/training/76 b/reuters/training/76
new file mode 100644
index 0000000000000000000000000000000000000000..f2e48ad7befb2600599e10929616c66e675989e5
--- /dev/null
+++ b/reuters/training/76
@@ -0,0 +1,5 @@
+U.S. COMMERCIAL PAPER FALLS 375 MLN DLRS IN FEB 18 WEEK, FED SAYS
+
+  U.S. COMMERCIAL PAPER FALLS 375 MLN DLRS IN FEB 18 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/7600 b/reuters/training/7600
new file mode 100644
index 0000000000000000000000000000000000000000..f9dc23f6f127f08360903a2764fe7282b63eb5d6
--- /dev/null
+++ b/reuters/training/7600
@@ -0,0 +1,25 @@
+TAIWAN PLANS MISSION TO CLOSE TRADE GAP WITH U.S.
+  Taiwan's leading industrial organisation
+  said it will send its first buying mission to the U.S. Later
+  this year in an effort to reduce the country's trade surplus
+  with Washington.
+      A spokesman for the Chinese National Federation of
+  Industries told Reuters the mission was part of a broader plan
+  to switch large purchases to the U.S. From Japan.
+      The Federation groups all of Taiwan's major industrial
+  associations. Last year its members purchased about 4.5 billion
+  U.S. Dlrs worth of industrial products from Japan and about 1.8
+  billion from the U.S.
+      The spokesman said Federation members were now discussing
+  the volume of business they could transfer to America.
+      He said they had drawn up a list of about 80 industrial
+  products they would be shopping for in the U.S. During the
+  buying mission in September, but he could give no figure on how
+  much would be spent.
+      A Board of Foreign Trade official told Reuters the
+  government would send two buying missions to America between
+  June and July this year and might send others later.
+      Taiwan's trade surplus with the U.S. Rose to a record 13.6
+  billion dlrs last year from 10.2 billion in 1985.
+  
+
diff --git a/reuters/training/7602 b/reuters/training/7602
new file mode 100644
index 0000000000000000000000000000000000000000..f2a92cecbb0e4343e1db1e2f5abb602f3e598a2d
--- /dev/null
+++ b/reuters/training/7602
@@ -0,0 +1,3 @@
+20-MAR-1987
+  20-MAR-1987
+
diff --git a/reuters/training/7603 b/reuters/training/7603
new file mode 100644
index 0000000000000000000000000000000000000000..873ea46a93e368387508b982f1f5387181e80fe0
--- /dev/null
+++ b/reuters/training/7603
@@ -0,0 +1,13 @@
+NEWMAN, HAWKER DISCUSS ELECTRIC MOTOR MERGER
+  <Newman Industries Plc> said it was
+  discussing the possible merger of its electric motor operations
+  with Hawker Siddeley Group Plc's <HSID.L> <Brook Crompton
+  Parkinson Motors Ltd> unit.
+      Newman has electric motor operations in the U.K. And
+  Australia. The company gave no further details but said a
+  further statement would be made shortly.
+      Newman shares eased one penny on the announcement to 43p
+  while Hawker was unchanged at 528p, three pence higher on last
+  night's close.
+  
+
diff --git a/reuters/training/7604 b/reuters/training/7604
new file mode 100644
index 0000000000000000000000000000000000000000..d551e2b352a042763b48f065582df636263b388a
--- /dev/null
+++ b/reuters/training/7604
@@ -0,0 +1,14 @@
+AKZO BUYS RHONE-POULENC HOUSEHOLD UNITS
+  Dutch chemical group Akzo
+  N.V. <AKZO.AS> said it agreed to take over household product
+  subsidiaries of French group Rhone-Poulenc <RHON.PA> for an
+  undisclosed sum.
+      Under the agreement, Akzo will acquire the household
+  product activities of the Lyons-based <Rhodic> and
+  Remalard-based <Buhler-Fontaine> units of Rhone Poulenc.
+  Together, these activities account for over 180 mln French
+  francs in annual sales and employ 170, Akzo said.
+      Akzo will integrate the firms, to be partially joined with
+  its own French activities, in its consumer products division.
+  
+
diff --git a/reuters/training/7605 b/reuters/training/7605
new file mode 100644
index 0000000000000000000000000000000000000000..f207fccf83d677d30262f7103afc4db4114373e8
--- /dev/null
+++ b/reuters/training/7605
@@ -0,0 +1,36 @@
+SWISS BANKER WANTS BOND RATINGS, SHARE DISCLOSURE
+  A top Swiss banker called for an
+  obligatory, continuous rating for all Swiss franc bonds and
+  said he believed anyone buying more than five pct of a company
+  should be made to declare their share.
+      In comments at a news conference of <Vontobel Holding AG>,
+  chairman Hans Vontobel said he believed it was up to the banks'
+  own self-regulating bodies, such as the Swiss Admissions Board,
+  to take such action before governmental bodies stepped in.
+      A decline in the average quality of borrowers on the Swiss
+  franc market and a debate on the use of registered shares to
+  prevent takeovers have made both major issues among bankers.
+      Vontobel noted that many borrowers already came to the
+  market with ratings from the major U.S. Agencies, which were
+  readily available to professionals through specialised
+  information systems.
+      "We should make this classification obligatory and publish
+  it in places that are easily accessible to lay people," he said.
+  The quick changing nature of the financial market meant these
+  ratings should also be continually updated, he said.
+      Vontobel also noted that recent years had seen companies,
+  worried about takeovers, increasingly issuing registered shares
+  and participation certificates rather than bearer shares.
+      However, both types of issue had a drawback, he said. The
+  recent attempt by Jacobs Suchard AG <JACZ.Z> to take over Hero
+  Conserven Lenzburg <HERZ.Z> had shown the limits of a 1961
+  pledge by the banks not to sell registered shares to someone
+  who was not eligible according to the company's statutes.
+      Excessive issue of participation certificates, which do not
+  carry voting rights, would also be contrary to the principle of
+  greater democracy in the new share law before Parliament.
+      "People buying, for example, more than five pct of a
+  company's shares should be made to declare their purchase," he
+  said.
+  
+
diff --git a/reuters/training/7606 b/reuters/training/7606
new file mode 100644
index 0000000000000000000000000000000000000000..8a40622a771f6cb86cb527e5227e7b14d0fba151
--- /dev/null
+++ b/reuters/training/7606
@@ -0,0 +1,22 @@
+ITALIAN JANUARY INDUSTRIAL OUTPUT FALLS 3.4 PCT
+  Italian industrial production fell 3.4 pct
+  in January, compared with the same month last year, the
+  national statistics institute Istat said.
+      The rise follows a year-on-year increase in December 1986
+  of 4.5 pct.
+      Istat's industrial production index, base 1980, not
+  seasonally adjusted, registered 93.3, compared with 96.6 in
+  January 1986.
+      Istat said there were 20 working days in January, the same
+  as December, but one fewer than January last year.
+      Istat said the year-on-year fall reflected poorer
+  performances in the footwear, clothing, textiles, chemicals and
+  metals industries.
+      It said office machinery and data sectors, wood and
+  furniture, precision mechanics, oil and electricity showed
+  improved activity.
+      Calculations based on Istat figures showed industrial
+  production rose 2.4 pct in January, on a month-on-month basis,
+  after falling 12.0 pct in December over November.
+  
+
diff --git a/reuters/training/7609 b/reuters/training/7609
new file mode 100644
index 0000000000000000000000000000000000000000..c4095af4700f51ea93929306a211db5898dfaf85
--- /dev/null
+++ b/reuters/training/7609
@@ -0,0 +1,14 @@
+BERLINER BANK SUFFERS LOSSES ON STUTTGART LOANS
+  <Berliner Bank AG> has suffered
+  losses of between 10 and 100 mln marks through credits granted
+  by its Stuttgart branch by officials there exceeding their
+  powers, a bank spokesman said in answer to queries.
+      The spokesman declined to say exactly how large the losses
+  were. Berliner Bank has suspended the three managers of its
+  Stuttgart branch and is continuing an investigation into the
+  case, in which state prosecutors are also participating.
+      The fact that powers had been exceeded emerged in a routine
+  check at the branch. The City of West Berlin owns 74 pct of
+  Berliner Bank and the rest is held by small shareholders.
+  
+
diff --git a/reuters/training/7611 b/reuters/training/7611
new file mode 100644
index 0000000000000000000000000000000000000000..0d4ce22982f659e605393fd2692410b4f88e0790
--- /dev/null
+++ b/reuters/training/7611
@@ -0,0 +1,21 @@
+REAGAN SAYS U.S. NEEDS TO LESSEN OIL IMPORTS
+  President Reagan said the United
+  States must do more to lessen its reliance on imported oil.
+      President Reagan said during a nationally televised news
+  conference that the rising U.S. reliance on foreign oil is a
+  problem that the administration is studying.
+      "We have to study this more," Reagan said. "This is why we
+  increased the Strategic (Petroleum) Reserve, but we have to do
+  more," he said.
+      Reagan said his administration has already proposed
+  deregulating natural gas and eliminating the windfall profits
+  tax on crude oil production.
+      However, he complained that Congress had not yet approved
+  those measures.
+      The Department of Energy earlier this week released a
+  report that warned of rising U.S. reliance on foreign oil
+  imports at a time when domestic production is declining. It
+  suggested options for the administration to consider, but made
+  no specific recommendations.
+  
+
diff --git a/reuters/training/7614 b/reuters/training/7614
new file mode 100644
index 0000000000000000000000000000000000000000..62b42ea6080f40f2da9894d5cb2a24c4d7cdc057
--- /dev/null
+++ b/reuters/training/7614
@@ -0,0 +1,20 @@
+BANK OF SPAIN SUSPENDS ASSISTANCE, DRAINS FUNDS
+  The Bank of Spain suspended its daily
+  money market assistance and offered to drain funds with three-
+  and seven-day repurchase agreements at 12-1/2 pct, money market
+  sources said.
+      The sources said the measures were a further attempt to
+  rein in money supply and were likely to force some institutions
+  to scramble for funds before the 10-day accounting period for
+  reserve requirements closes on Monday.
+      The bank, which raised its rate for ordinary overnight
+  assistance to 13-3/4 from 13-1/2 pct on Wednesday, opened its
+  special borrowing facility for overnight funds at 14-1/2 pct.
+      Money market sources said institutions in need of funds
+  were likely to have to return to the bank tomorrow for further
+  assistance.
+      The bank rarely invites applications for ordinary
+  assistance on a Saturday and the sources said it was more
+  likely to open its special borrowing facility again.
+  
+
diff --git a/reuters/training/7618 b/reuters/training/7618
new file mode 100644
index 0000000000000000000000000000000000000000..cbd2175c4b99c46a1b8425a088d00a8ffa86dc99
--- /dev/null
+++ b/reuters/training/7618
@@ -0,0 +1,10 @@
+TRICO <TRO> GETS CHINESE CONTRACT
+  Trico Industries Inc said it has
+  received a six mln dlr contract to supply hydraulic lift
+  equipment for heavy crude oil production for the Chinese
+  Ministry of Petroleum Industry.
+      The company said the equipment is for use in the Laiohe
+  oilfield 350 miles northeast of Peking and will equip a
+  140-well program.
+  
+
diff --git a/reuters/training/762 b/reuters/training/762
new file mode 100644
index 0000000000000000000000000000000000000000..f9b452a1787926ad2c9555a395e3ed514a248153
--- /dev/null
+++ b/reuters/training/762
@@ -0,0 +1,13 @@
+AMCA <AIL> TO SELL SOME DOMINION BRIDGE ASSETS
+  AMCA International Ltd said it finalized
+  agreement to sell certain assets and inventories of its
+  Dominion Bridge steel service center operations to <Federal
+  Industries Ltd>'s Russelsteel Inc unit. Terms were undisclosed.
+      It said the sale involved assets and operations of the
+  general line of steel service centers in Toronto and Edmonton,
+  Alberta and steel from inventories of closed AMCA branches.
+      The company said the sale was part of a previously
+  announced restructuring program to allow it to focus on certain
+  core businesses and generate cash to cut debt.
+  
+
diff --git a/reuters/training/7620 b/reuters/training/7620
new file mode 100644
index 0000000000000000000000000000000000000000..0a5c47f36c9190fbacbf4af51081a5f98d66bef0
--- /dev/null
+++ b/reuters/training/7620
@@ -0,0 +1,12 @@
+MICRON TECHNOLOGY INC <DRAM> 2ND QTR MARCH FIVE
+  Shr loss 46 cts vs loss 51 cts
+      Net loss 10.9 mln vs loss 9,782,818
+      Revs 20.1 mln vs 9,437,270
+      Avg shrs 23.5 mln vs 19.3 mln
+      1st half
+      Shr loss 90 cts vs loss 1.11 dlrs
+      Net loss 20.6 mln vs 21.4 mln
+      Revs 38.9 mln vs 14.5 mln
+      Avg shrs 22.8 mln vs 19.2 mln
+  
+
diff --git a/reuters/training/7621 b/reuters/training/7621
new file mode 100644
index 0000000000000000000000000000000000000000..42cd2324598a680a67328929b099606922927370
--- /dev/null
+++ b/reuters/training/7621
@@ -0,0 +1,10 @@
+BIOSEARCH MEDICAL PRODUCTS INC <BPMI> 4TH QTR
+  Shr loss seven cts vs loss 23 cts
+      Net loss 381,000 vs loss 1,071,000
+      Sales 4,531,000 vs 4,409,000
+      Year
+      Shr loss 21 cts vs loss 98 cts
+      Net loss 1,098,000 vs loss 4,658,000
+      Sales 17.8 mln vs 17.3 mln
+  
+
diff --git a/reuters/training/7622 b/reuters/training/7622
new file mode 100644
index 0000000000000000000000000000000000000000..c72c143a9bc733dde78fa0395c1b072d8d5b9ab3
--- /dev/null
+++ b/reuters/training/7622
@@ -0,0 +1,6 @@
+MOORE FINANCIAL GROUP INC <MFGI> SETS PAYOUT
+  Qtly div 30 cts vs 30 cts prior
+      Pay April 16
+      Record April Three
+  
+
diff --git a/reuters/training/7623 b/reuters/training/7623
new file mode 100644
index 0000000000000000000000000000000000000000..8db643825b4abd80679da8d11a131540d0ae5b08
--- /dev/null
+++ b/reuters/training/7623
@@ -0,0 +1,13 @@
+DUTCH JANUARY INDUSTRIAL PRODUCTION RISES 4.8 PCT
+  Industrial production rose 4.8 pct on
+  a seasonally-adjusted basis in January compared with December
+  while rising 2.8 pct from January last year, Central Bureau of
+  Statistics figures show.
+      In December, industrial production fell by 2.8 pct from
+  November while rising 2.9 pct compared with December 1985.
+      The industrial production index, base 1980, stood at 109 in
+  January compared with a downward revised 104 in December, which
+  was initially put at 105. In January last year, the index stood
+  at 106 and in December 1985 at 101.
+  
+
diff --git a/reuters/training/7625 b/reuters/training/7625
new file mode 100644
index 0000000000000000000000000000000000000000..8dbd8287e0c3507797fa9e9335c5f69875b16b5b
--- /dev/null
+++ b/reuters/training/7625
@@ -0,0 +1,25 @@
+BONN EXPRESSES SUPPORT FOR U.S. ON EC VEG OIL TAX
+  The West German government expressed
+  support for the U.S. Position in opposing the proposed European
+  Community tax on vegetable oils and fats, a U.S. Embassy
+  spokesman said.
+      The spokesman, speaking from Bonn, said, "We have good
+  reason to think West Germany holds to its resistance to the
+  proposed tax."
+      Several top government officials told the American Soybean
+  Association and the National Soybean Processors Association
+  delegations there was no reason for American producers and
+  processors to pay for EC agriculture, the spokesman said.
+      European agriculture was facing severe problems, but both
+  the Community and the U.S. Should work closely within the
+  framework provided by the General Agreement on Tariffs and
+  Trade, he said.
+      The delegations will continue their top level meetings in
+  Bonn today but will not issue a statement before returning to
+  the U.S. At the weekend.
+      The EC and the U.S. Realised the tax issue would stay on
+  the agenda for several months and there were indications that
+  both sides would have to prepare for some tough negotiations,
+  the spokesman said.
+  
+
diff --git a/reuters/training/7626 b/reuters/training/7626
new file mode 100644
index 0000000000000000000000000000000000000000..cabc7937b8b7f5fd59b0b1975c18bb011924feb2
--- /dev/null
+++ b/reuters/training/7626
@@ -0,0 +1,24 @@
+SENATE WANTS JAPAN SEMICONDUCTER PACT ENFORCED
+  The U.S. Senate has unanimously
+  called for President Reagan immediately to force Japan to live
+  up to a pledge to stop dumping its microchips and open its
+  markets to U.S. Chipmakers.
+      The Senate voted 93 to 0 to urge Reagan to impose penalties
+  on Japanese high-technology products containing semiconductors
+  in retaliation for what it sees as Japan's violations of the
+  semiconductor pact.
+      While the measure does not bind Reagan to any action,
+  Senate leaders said its adoption would warn Japan stiffer
+  legislation would be considered if the violations continue.
+      "We want to send a message to Japan to let it know how the
+  Senate feels about this matter," Senate Democratic Leader Robert
+  Byrd told the Senate.
+      Senate Finance Committee chairman Lloyd Bentsen told the
+  Senate the measure was not aimed at retaliation but at
+  correcting Japan's unfair trade practices.
+      A key House trade lawmaker, Representative Richard Gephardt
+  also announced he would seek to force Japan and other countries
+  with huge trade surpluses to slash their surplus by 10 pct a
+  year for three years.
+  
+
diff --git a/reuters/training/7627 b/reuters/training/7627
new file mode 100644
index 0000000000000000000000000000000000000000..81c29cc816ff09333a4636ce397048d991101070
--- /dev/null
+++ b/reuters/training/7627
@@ -0,0 +1,20 @@
+FLEET <FLT> COULD FACE CONNECTICUT DIVESTITURE
+  Fleet Financial Group said it might
+  have to sell its First Connecticut Corp subsidiary as a result
+  of its proposed 1.3 billion dlr acquisition of Norstar Bancorp
+  <NOR>.
+      Under Connecticut banking law, New England based bank
+  holding companies such as Fleet are not allowed to operate
+  Connecticut banks if they merge with companies from outside the
+  region.  Norstar is based in Albany, N.Y.
+      First Connecticut has assets of about two billion dlrs. 
+  Fleet has total assets of about 21 billion dlrs.
+      Fleet said it will seek to have the Connecticut law amended
+  to allow it to retain First Connecticut, which is based in
+  Hartford.
+      Fleet's acquisition of Norstar is now expected to be
+  completed around July 1, 1988, when a change in laws in Fleet's
+  home state of Rhode Island allowing interstate banking outside
+  New England will go into effect.
+  
+
diff --git a/reuters/training/7628 b/reuters/training/7628
new file mode 100644
index 0000000000000000000000000000000000000000..3745babe61e8e12329802d50b4b27f5e478cc9f4
--- /dev/null
+++ b/reuters/training/7628
@@ -0,0 +1,67 @@
+JAPAN UNDER ATTACK OVER TRADE SURPLUS
+  Japan's economic policies face fierce
+  international attack as hopes fade of a substantial drop in its
+  trade surplus, international monetary sources said.
+      At a meeting this week in Paris, senior government
+  officials from major nations are considering an Organisation
+  for Economic Cooperation and Development (OECD) staff report
+  that forecasts a continuing large Japanese trade surplus, they
+  said.
+      Though Japanese exports have become more expensive with the
+  yen's sharp rise against the dollar, they still tend to surge
+  when growth picks up, according to the OECD.
+      As a solution, the OECD staff has urged Japan to redirect
+  its export-driven economy, boosting domestic demand and imports
+  by adopting a more flexible fiscal policy, they said.
+      That recommendation echoes calls made recently at secret
+  meetings of the International Monetary Fund's executive board.
+      The monetary sources said Japan's policy was criticized
+  when the board met to consider the country's economy under the
+  annual consultations it holds with each of its members.
+      The United States, which until recently has been reluctant
+  to criticize Japan's fiscal stance, joined in the attack, he
+  said.
+      The IMF staff has also cast doubt on the Japanese
+  government's forecast of 3.5 pct economic growth in the fiscal
+  year beginning April 1. Most independent forecasters, including
+  the IMF, believe that growth in calendar 1987 will be below
+  three pct, monetary sources said.
+      The Finance Ministry has been particularly sensitive to
+  such criticism because it is already under mounting domestic
+  pressure to boost an economy hard-hit by the yen's rise. The
+  yen's climb has lost exporters sales and profits in the huge
+  American market.
+      Tokyo is also eager to avoid any suggestion that a further
+  yen rise might be needed to cut its trade surplus, which last
+  year amounted to a record 93 billion dlrs.
+      Japan cannot tolerate a further rise of the yen, Foreign
+  Minister Tadashi Kuranari said recently. The yen closed here
+  today at 151.53 to the dollar. Most Japanese politicians,
+  including Finance Minister Kiichi Miyazawa, are clearly hoping
+  the yen will weaken, government officials said.
+      At a meeting in Paris last month, Britain, Canada, France,
+  Japan, the United States and West Germany, agreed to cooperate
+  to hold currencies at around current levels.
+      Officials said that wording represented a compromise.
+  Miyazawa hopes the agreement will hold the yen stable for a few
+  months, before it weakens later in the year.
+      Japan wanted the Paris communique to imply a higher value
+  for the dollar, perhaps by substituting the word "recent" for
+  "current," while the United States wanted it to more clearly
+  point to the dollar's weaker levels now, perhaps by use of the
+  word "present," they said.
+      In the months leading up the February 22 agreement, the
+  dollar dropped some 10 yen.
+      The officials also sought to discredit suggestions in the
+  market that recent U.S. Action to prevent the dollar from
+  rising above 1.87 marks pointed to a 153 to 155 yen ceiling for
+  the U.S. Currency.
+      Japan has also attacked OECD forecasts, which it says do
+  not take account of the structural changes in the Japanese
+  economy that will be triggered by the strong yen.
+      Officials said there are already signs of that. More and
+  more companies have announced plans to move production
+  facilities offshore to take advantage of cheaper costs abroad,
+  they said.
+  
+
diff --git a/reuters/training/7629 b/reuters/training/7629
new file mode 100644
index 0000000000000000000000000000000000000000..6de5fc29deff675342808a785c7b58cf2e61fb1d
--- /dev/null
+++ b/reuters/training/7629
@@ -0,0 +1,32 @@
+GEODOME <GOEDF> TO START MINE CONSTRUCTION
+  Geodome Resources Ltd said
+  following receipt of a feasibility study from Raytheon Co's
+  <RTN> Stearns Catalytic unit, it will proceed with construction
+  and pre-production stripping at its Sunbeam Mine in Custer
+  County, Idaho, as quickly as possible.
+      The company said the study found proven ore reserves of
+  3,302,000 short tons grading 0.077 ounce of gold per ton.  It
+  said the mine will operate at a rate of 626,000 tons of ore per
+  year, with higher-grade ore being mined in the first three
+  years for a rapid payback of capital costs.
+      The company said the feasibility study calls for gold
+  production averaging 41,000 ounces a year for the life of the
+  mine and 50,000 ounces a year over the first three years, with
+  99,000 ounces of silver per year being produced over the miune
+  life.
+      Capital costs would be 22.3 mln dlrs with all-new equipment
+  and 500,000 to one mln dlrs less with used equipment, it said. 
+  It said the mine would be operated by a contract miner but the
+  associated mill by Geodome.
+      Geodome said a new ore zone discovered last summer is not
+  included in reserve calculations. It said eight of the nine
+  holes drilled there have an average grade of 0.046 ounce of
+  gold and 2.1 ounces of silver per ton. Also excluded are
+  reserves of 1,400,000 tons of low-grade material that could be
+  milled profitably at 425 dlrs a ton for gold. The feasibility
+  study used a 350 dlr gold price.
+      Geodome said operating costs of the mine will average 201
+  dlr per ounce of gold for the mine life and 171 dlrs for the
+  first three years, in constant dollars.
+  
+
diff --git a/reuters/training/7631 b/reuters/training/7631
new file mode 100644
index 0000000000000000000000000000000000000000..cef98b535556ec9a3cee6c72e4a10a056defd687
--- /dev/null
+++ b/reuters/training/7631
@@ -0,0 +1,7 @@
+M.D.C. ASSET INVESTORS <MIR> IN INITIAL PAYOUT
+  M.D.C. Asset Investors Inc, which
+  recently went public, said its board declared an initial
+  quarterly dividend of 45 cts per share, payable April 15 to
+  holders of record April One.
+  
+
diff --git a/reuters/training/7632 b/reuters/training/7632
new file mode 100644
index 0000000000000000000000000000000000000000..07f7c3fec423a9bc92c35591626eb3944bec2f36
--- /dev/null
+++ b/reuters/training/7632
@@ -0,0 +1,33 @@
+JAPAN SAYS OECD STUDY ON SUBSIDIES STILL ONGOING
+  Japanese Agriculture Ministry officials
+  said a study of agriculture subsidies by the Organisation for
+  Economic Cooperation and Development, OECD, is still under way
+  and will be completed sometime next month.
+      The officials said the study has been inaccurate so far,
+  and they said Japan would comment on the final results.
+      A Reuter report from Washington yesterday said the study
+  has found that Japan has the highest agriculture subsidies in
+  the world and that dairy farmers benefit more than any other
+  commodity producers from subsidies. The study has not been
+  officially released due to objections from some countries.
+      Japan has withdrawn its objection and decided to accept the
+  release of the study, the agriculture ministry officials said.
+  OECD directors are expected to approve the release at a meeting
+  in mid-May.
+      One agriculture ministry source said the study so far was
+  based on the years 1979-81. Japanese subsidies have dropped
+  sharply since then, partly because of tight budgetary policy,
+  and foreign currency factors have also changed, he said.
+      "The study is ... Unfair and unacceptable because it does
+  not take account of various differences in farming conditions
+  in each country, such as geography," the source said.
+      He said it is highly likely that the final study will show
+  Japan has the highest farm subsidies in the world.
+      "This would increase foreign pressure to open Japan's farm
+  market further, but this would have little impact on Japan's
+  agriculture policy," he said, without giving further details.
+      A main purpose of the study is to clarify export subsidies
+  by major exporting nations like the United States and the
+  European Community, but Japan is a major importer, he said.
+  
+
diff --git a/reuters/training/7633 b/reuters/training/7633
new file mode 100644
index 0000000000000000000000000000000000000000..f869e4c8e18770a82240d823abed2e76f2e5b628
--- /dev/null
+++ b/reuters/training/7633
@@ -0,0 +1,23 @@
+VOLCKER SAYS TRADE DEFICIT IS MAJOR CHALLENGE
+  Federal Reserve Board
+  Chairman Paul Volcker said the U.S. Trade deficit is a
+  challenge for the U.S. Equal to the Soviet Union launching of
+  Sputnik.
+      "The international challenge implicit in our huge trade
+  deficit has become the 1980s equivalent to the launch of
+  Sputnik by the Russians in the 1950s, when we suddenly feared
+  we were to be left in the wake of Soviet technological
+  achievement," he said in an address to Florida educators.
+       He said the trade problem underscored the need to reform
+  the U.S. Educational system to improve economic performance.
+      The Commerce Department reported last week that the
+  nation's trade gap, calculated on a balance-of-payments basis,
+  swelled to a record 38.37 billion dlrs in the fourth quarter,
+  bringing the 1986 deficit to a record 147.71 billion dlrs.
+      Volcker called on educators to stress the development of
+  basic reading, writing and mathematics skills and urged them to
+  help students adapt to the fast-changing economic climate.
+      Volcker said the challenge was greatest in the education of
+  low-income minority groups such as blacks and Hispanics.
+  
+
diff --git a/reuters/training/7634 b/reuters/training/7634
new file mode 100644
index 0000000000000000000000000000000000000000..42098ce686a1ee68a692d6f344bb714335985113
--- /dev/null
+++ b/reuters/training/7634
@@ -0,0 +1,13 @@
+(CORRECTED)-MICROPRO INTERNATIONAL CORP <MPRO> NET
+  2nd qtr
+      Shr four cts vs seven cts
+      Net 500,000 vs 900,000
+      Revs 9,200,000 vs 10.5 mln
+      1st half
+      Shr four cts vs 12 cts
+      Net 600,000 vs 1,500,000
+      Revs 17.6 mln vs 20.8 mln
+      NOTE: Period ended February 28.
+      Company corrects period in March 19 item
+  
+
diff --git a/reuters/training/7635 b/reuters/training/7635
new file mode 100644
index 0000000000000000000000000000000000000000..d4722f661dc60d93f0199d08870eeb2628daa7cf
--- /dev/null
+++ b/reuters/training/7635
@@ -0,0 +1,21 @@
+C.O.M.B. <CMCO> TO ACQUIRE REST OF CABLE VALUE
+  C.O.M.B. Co said its board has
+  approved a proposal to acquire the 50 pct of Cable Value
+  Network held by its cable television industry partners in
+  exchange for warrants for C.O.M.B. common.
+      The company, which already owns the other 50 pct of CVN,
+  said it plans to change its name to CVN.
+      C.O.M.B. said the proposal calls for its cable partners to
+  receive about eight mln five year warrants in exchange for
+  their 50 pct interest in CVN and commit to a long-term
+  affiliation agreement to carry CVN programming.
+      C.O.M.B. said the proposed warrants would carry an exercise
+  price of 18.125 dlrs a share.
+      It said the 7,869,353 warrants originally offered to cable
+  partners will continue to vest on the pre-agreed schedule. The
+  company now has about 18.1 mln shares outstanding.
+      C.O.M.B. said the transaction is subject to the parties
+  entering into an agreement which would be subject to approval
+  by its shareholders and regulatory agencies.
+  
+
diff --git a/reuters/training/7636 b/reuters/training/7636
new file mode 100644
index 0000000000000000000000000000000000000000..e81e1f582ce0ae044e762f076eaf3d707719b75d
--- /dev/null
+++ b/reuters/training/7636
@@ -0,0 +1,6 @@
+HOME SAVINGS DURHAM <HSLD> SETS STOCK DIVIDEND
+  Home Savings and Loan Association
+  Inc of Durham, N.C., said its board declared a 20 pct stock
+  dividend, payable April 28 to holders of record April Three.
+  
+
diff --git a/reuters/training/7637 b/reuters/training/7637
new file mode 100644
index 0000000000000000000000000000000000000000..24d3ab66c7608000731eca649fa18051ccd64230
--- /dev/null
+++ b/reuters/training/7637
@@ -0,0 +1,5 @@
+TWA IN LEGAL STIPULATION NOT TO PURSUE THE ACQUISITION OF USAIR
+
+  TWA IN LEGAL STIPULATION NOT TO PURSUE THE ACQUISITION OF USAIR
+  
+
diff --git a/reuters/training/7638 b/reuters/training/7638
new file mode 100644
index 0000000000000000000000000000000000000000..a2b4ce90aed830a68e565d9b893838a04c576bb7
--- /dev/null
+++ b/reuters/training/7638
@@ -0,0 +1,5 @@
+ Top discount rate at U.K. Bill tender falls to 9.1250 pct
+
+   Top discount rate at U.K. Bill tender falls to 9.1250 pct
+  
+
diff --git a/reuters/training/7639 b/reuters/training/7639
new file mode 100644
index 0000000000000000000000000000000000000000..bf7f18c5d704e5a85a42c0c1b76af3ea69890bce
--- /dev/null
+++ b/reuters/training/7639
@@ -0,0 +1,14 @@
+CANADA NORTHWEST TO SELL PREFERRED SHARES
+  <Canada Northwest Energy Ltd>
+  said it reached agreement in principle to sell one mln
+  preferred shares by way of private placement to raise 32.5 mln
+  dlrs for oil and gas exploration.
+      The 5.4 pct cumulative redeemable convertible series D
+  preferred shares will be flow-through shares entitling holders
+  to tax deductions not claimed by the company.
+      The shares will be convertible anytime after issue into
+  common shares at an equivalent conversion price of 32.50 dlrs a
+  share. After one year, they will be redeemable at any time by
+  the company at 25 dlrs a share plus accrued dividends.
+  
+
diff --git a/reuters/training/764 b/reuters/training/764
new file mode 100644
index 0000000000000000000000000000000000000000..873295464b3ec9e8f12bc119ada1c88f50c5d773
--- /dev/null
+++ b/reuters/training/764
@@ -0,0 +1,8 @@
+SCOTT'S HOSPITALITY ACQUIRES CAPITAL FOOD
+  <Scott's Hospitality Inc> said it
+  acquired Capital Food Services Ltd, Ottawa's largest catering
+  and food service company, for undisclosed terms.
+      Scott's said it would operate Capital Food as a separate
+  unit under Capital's current name and management.
+  
+
diff --git a/reuters/training/7640 b/reuters/training/7640
new file mode 100644
index 0000000000000000000000000000000000000000..7725caba011142a7d815647fb5f3ead066f3c7fb
--- /dev/null
+++ b/reuters/training/7640
@@ -0,0 +1,13 @@
+INDIA, AUSTRALIA AGREE TO IMPROVE TWO-WAY TRADE
+  Indian and Australian businessmen
+  signed a memorandum of understanding to boost two-way trade and
+  joint industrial ventures in both countries, spokesmen of the
+  Indo-Australia Business Council told reporters.
+      The Indian Council said it hoped India's exports to
+  Australia would improve in the next few months and reduce the
+  trade balance which is heavily in Australia's favour.
+      In 1986 Australia sold 428 mln Australian dlrs' worth of
+  goods, including steel and coking coal, to India and bought
+  170.5 mln worth of items, including cotton textiles, from India.
+  
+
diff --git a/reuters/training/7641 b/reuters/training/7641
new file mode 100644
index 0000000000000000000000000000000000000000..0e6b5cb5ec97fa300f44b4721dfe0b96f322db7e
--- /dev/null
+++ b/reuters/training/7641
@@ -0,0 +1,5 @@
+OHIO EDISON SELLS 30 PCT OF NUCLEAR INTEREST FOR 509 MLN DLRS
+
+  OHIO EDISON SELLS 30 PCT OF NUCLEAR INTEREST FOR 509 MLN DLRS
+  
+
diff --git a/reuters/training/7642 b/reuters/training/7642
new file mode 100644
index 0000000000000000000000000000000000000000..9bd2c7fd9750f913504dbdd455a9a39c5d3d86b4
--- /dev/null
+++ b/reuters/training/7642
@@ -0,0 +1,23 @@
+HIGH WINDS KEEP VESSELS TRAPPED IN BALTIC ICE
+  Strong south-easterly winds were
+  keeping many vessels trapped in the ice off the Finnish and
+  Swedish coasts in one of the worst icy periods in the Baltic
+  for many years, the Finnish Board of Navigation said.
+      In Finland and Sweden up to 50 vessels were reported to be
+  stuck in the ice, and even the largest of the assisting
+  icebreakers were having difficulties in breaking through to the
+  stranded ships, coastguard officials said.
+      However, icy conditions in the southern Baltic at the
+  Soviet oil ports of Ventspils and Klaipeda had eased, they said.
+      Weather officials in neighbouring Sweden said the icy
+  conditions in the Baltic were the worst for 30 years, with
+  ships fighting a losing battle to keep moving.
+      In the coastal stretches of the Gulf of Bothnia, which
+  divides Finland and Sweden, the ice is up to one metre thick,
+  with drifts and currents packing it into almost impenetrable
+  walls three metres high, Swedish coastguard officials said.
+      Weather forecasts say winds may ease during the weekend but
+  a further drop in temperature could bring shipping to a
+  standstill, the officials said.
+  
+
diff --git a/reuters/training/7643 b/reuters/training/7643
new file mode 100644
index 0000000000000000000000000000000000000000..bccb0cba9c5d4c50c8a7d2fb984c44627177dce6
--- /dev/null
+++ b/reuters/training/7643
@@ -0,0 +1,46 @@
+EC AND COMECON ENDS TALKS WITH PROGRESS
+  The European Community (EC) and
+  Soviet-led Comecon ended talks here, having made progress on
+  setting up formal trade relations, but no breakthrough because
+  of Comecon's refusal to recognise West Berlin as part of the
+  EC, delegates said.
+      Negotiators were trying to reach agreement on the draft of
+  a joint declaration setting up official relations after 30
+  years of mutual non-recognition. John Maslen, head of the EC
+  delegation, told Reuters as he emerged from the final session:
+  "We made some progress, but we have called for another meeting."
+      Officials, who asked not to be named, said the Comecon team
+  had refused to accept a clause in the draft declaration which
+  would recognise West Berlin as part of the 12-nation EC.
+      Under the 1957 Treaty of Rome all contracts and agreements
+  signed by the Community must contain this territorial clause
+  stipulating West Berlin is an integral part of the EC. An EC
+  negotiator taking part in the three-day talks said: "We wanted
+  the territorial clause in, but Comecon said no."
+      A joint statement issued after the talks said progress was
+  made towards clarifying positions, but another meeting would be
+  necessary to complete the work.
+      Any decision in principle to set up relations would require
+  approval by the Community's Council of Ministers and by the
+  executive committee of Comecon.
+      Zdzislaw Kuroski, deputy director of Comecon, who heads the
+  East bloc delegation, told Reuters ahead of today's session: "We
+  have narrowed our differences on a range of questions, but not
+  on all questions."
+      Asked whether Comecon would accept EC insistence that any
+  joint declaration stipulate West Berlin as part of the
+  Community, he replied: "This question is not contained in the
+  draft which our side presented."
+      West German diplomats said they would insist on including
+  the clause on West Berlin in any EC-Comecon agreement.
+      The talks followed an earlier round between the two trading
+  blocs here last September and the first-ever direct talks
+  between the EC and the Soviet Union on establishing diplomatic
+  relations in January.
+      The EC trades with individual Comecon member states despite
+  non-recognition of Comecon. Last year, the EC had a five
+  billion dlr trade deficit with East European states, about half
+  the deficit of the previous year, due to a drop in the price of
+  Soviet oil imported by the EC.
+  
+
diff --git a/reuters/training/7644 b/reuters/training/7644
new file mode 100644
index 0000000000000000000000000000000000000000..feaf2649036684a7b313a1efb8dd72b6e7225193
--- /dev/null
+++ b/reuters/training/7644
@@ -0,0 +1,25 @@
+OHIO EDISON <OEC> SELLS 30 PCT OF NUCLEAR INTEREST
+  Ohio Edison Co said it has
+  completed the sale and leaseback of 30 pct of its 30 pct
+  interest in Unit One of the Perry Nuclear Power Plant,
+  receiving 509 mln dlrs for the interest.
+      The utility said the share of its interest in the 1,205
+  megawatt generating plant was sold to a group of institutional
+  investors which leased it back to the company for a period of
+  about 29 years at a negotiated lease payment rate.
+      Ohio Edison said the proceeds will be used to finance the
+  rest of its 1987 construction program and repay bank loans
+  incurred for the retirement of high-interest long-term debt.
+      Ohio Edison did not detail the lease payments, but it said
+  the "payments will reduce the amount of revenue the company
+  will need to cover our investment in Perry, which translates
+  into savings for our customers."
+      The utility said it projects the financing could reduce the
+  amount of annual revenue needed by about 20 mln dlrs. It plans
+  on filing a rate application with the Public Utilities
+  Commission of Ohio to recover the Perry costs later this year.
+      It said the sale and leaseback was attractive to the
+  investors because they could take quicker advantage of tax
+  benefits than the utility could.
+  
+
diff --git a/reuters/training/7645 b/reuters/training/7645
new file mode 100644
index 0000000000000000000000000000000000000000..94bfd4e561d6e5511223776f560db07d82d3bef9
--- /dev/null
+++ b/reuters/training/7645
@@ -0,0 +1,31 @@
+GEODOME SETS IDAHO GOLD/SILVER MINE CONSTRUCTION
+  Geodome Resources Ltd said
+  following receipt of a feasibility study from Raytheon Co's
+  Stearns Catalytic unit it will proceed with construction and
+  pre-production stripping at its Sunbeam Mine in Custer County,
+  Idaho, as quickly as possible.
+      The company said the study found proven ore reserves of
+  3,302,000 short tons grading 0.077 ounce of gold per ton. It
+  said the mine will operate at a rate of 626,000 tons of ore per
+  year, with higher-grade ore being mined in the first three
+  years for a rapid payback of capital costs.
+      It said the feasibility study calls for gold production
+  averaging 41,000 ounces a year for the life of the mine and
+  50,000 ounces a year over the first three years, with 99,000
+  ounces of silver per year being produced over the mine life.
+      Capital costs would be 22.3 mln dlrs with all-new equipment
+  and 500,000 to one mln dlrs less with used equipment, the firm
+  said. It said the mine would be operated by a contract miner
+  but the associated mill by Geodome.
+      Geodome said a new ore zone discovered last summer is not
+  included in reserve calculations. It said eight of the nine
+  holes drilled there have an average grade of 0.046 ounce of
+  gold and 2.1 ounces of silver per ton.
+      Also excluded are reserves of 1,400,000 tons of low-grade
+  material that could be milled profitably at 425 dlrs a ton for
+  gold. The feasibility study used a 350 dlr gold price.
+      Geodome said operating costs of the mine will average 201
+  dlr per ounce of gold for the mine life and 171 dlrs for the
+  first three years, in constant dollars.
+  
+
diff --git a/reuters/training/7647 b/reuters/training/7647
new file mode 100644
index 0000000000000000000000000000000000000000..7d2f6f87b188755e19d59b19f92b659826c16caa
--- /dev/null
+++ b/reuters/training/7647
@@ -0,0 +1,14 @@
+STANLEY INTERIORS <STHF> SAYS RESULTS REDUCED
+  Stanley Interiors Corp said
+  its first quarter shipments and operating income were lower
+  than expected due to snowstorms in January and February that
+  forced the closing of some of its manufacturing facilities for
+  up to six days.
+      Stanley said, however, that any reduction in first quarter
+  operating income will be offset by reduced interest expense and
+  that first quarter net income will be about flat with first
+  quarter 1986 net income of 14 cts a share, or 286,000 dlrs.
+      Stanely also said the first quarter's sales losses would be
+  made up by shipments in the second quarter.
+  
+
diff --git a/reuters/training/7650 b/reuters/training/7650
new file mode 100644
index 0000000000000000000000000000000000000000..bbb2ad31b81d477e3c2e79f4adb05a79d823eccb
--- /dev/null
+++ b/reuters/training/7650
@@ -0,0 +1,29 @@
+TWA <TWA> IN COURT SETTLEMENT WITH USAIR <U>
+  Trans World Airlines Inc said it
+  reached an agreement yesterday in federal court with USAir
+  Group Inc that prevents TWA from buying additional shares of
+  USAir.
+      Under the agreement, TWA, which holds about 15 pct of USAir
+  stock, will not buy more USAir shares before April 23 and will
+  not do so after that date without giving 14 days notice to
+  USAir.
+      TWA also agreed that it would not knowingly and willingly
+  interfere with the consummation of the merger between USAir and
+  Piedmont Aviation Inc <PIE>.
+      TWA said the court agreement confirms previous
+  announcements by the company, in filings with the Securities
+  and Exchange Commission, that it does not presently intend to
+  seek control of USAir or to acquire additional common stock.
+      As a result of the agreement, the court removed a previous
+  temporary restraining order against TWA, the company said.
+      TWA and USAir have also agreed that all litigation between
+  them in Pittsburgh and Delaware will be stayed until April 23.
+  TWA said the agreement does not prevent it from commenting to
+  regulatory agencies on the USAir, Piedmont merger.
+      In a separate statement, USAir said the agreement also
+  included a provision that all USAir shares currently owned by
+  TWA and its chairman, Carl Icahn, will be voted through a
+  voting trust in proportion to the votes of other shares not
+  controlled by TWA or Icahn.
+  
+
diff --git a/reuters/training/7652 b/reuters/training/7652
new file mode 100644
index 0000000000000000000000000000000000000000..812111d4fa99c299570124b40fafd0b803a7991e
--- /dev/null
+++ b/reuters/training/7652
@@ -0,0 +1,11 @@
+U.K. MONEY MARKET GETS 186 MLN STG AFTERNOON HELP
+  The Bank of England said it had given
+  the money market a further 186 mln stg assistance in the
+  afternoon session. This brings the Bank's total help so far
+  today to 945 mln stg and compares with its revised forecast of
+  a one billion stg deficit.
+      The central bank bought bank bills outright comprising 51
+  mln stg in band one at 9-7/8 pct and 135 mln stg in band two at
+  9-13/16 pct.
+  
+
diff --git a/reuters/training/7657 b/reuters/training/7657
new file mode 100644
index 0000000000000000000000000000000000000000..4aaa9e541bf2752368f4af674731b1a02193bd50
--- /dev/null
+++ b/reuters/training/7657
@@ -0,0 +1,6 @@
+CRI INSURED MORTGAGE INVESTMENTS LP <CRM> PAYOUT
+  Mthly div 16-1/2 cts vs 16-1/2 cts prior
+      Pay May 15
+      Record March 31
+  
+
diff --git a/reuters/training/7659 b/reuters/training/7659
new file mode 100644
index 0000000000000000000000000000000000000000..a914236ec8973eb37b3e795cf1a1b277209a439e
--- /dev/null
+++ b/reuters/training/7659
@@ -0,0 +1,25 @@
+AMERICAN MOTORS <AMO> BOARD MEETING ON TAKEOVER
+  American Motors Corp's board of
+  directors is meeting this morning in New York to consider
+  Chrysler Corp's <C> 1.5 billion dlr takeover offer, an American
+  Motors spokesman said.
+      The spokesman reiterated statements made earlier in the
+  week that the regularly scheduled meeting was being held.
+      The spokesman would not comment on recurring speculation
+  that the board might receive a higher offer from Chrysler.
+  Analysts have said the fact that American Motors' stock has
+  remained above the four dlrs a share Chrysler offer could lead
+  the larger company to raise its bid.
+      The American Motors spokesman said he had not seen any
+  indication that a higher offer would be received from Chrysler,
+  although he added, "I don't know what the conversation is in
+  the meeting."
+      He repeated statements made earlier in the week by the
+  automaker that today's meeting will probably not result in a
+  final decision on the Chrysler bid.
+      "The board first apprised the proposal on the 11th (of
+  March). I suspect there will be several more (meetings) after
+  this," the spokesman said.
+      The meeting is expected to go through early afternoon.
+  
+
diff --git a/reuters/training/7662 b/reuters/training/7662
new file mode 100644
index 0000000000000000000000000000000000000000..1a273725d12070897ec774e10bc721331c3dd324
--- /dev/null
+++ b/reuters/training/7662
@@ -0,0 +1,30 @@
+KEATING SEES LOWER AUSTRALIAN CURRENT DEFICIT
+  Australian Treasurer Paul Keating said
+  he expects the country's 1986/87 current account deficit to be
+  one billion dlrs lower than the 14.7 billion forecast in the
+  August budget. Keating told a financiers' dinner that
+  February's 750 mln dlr deficit, against January's 1.23 billion,
+  was "in the groove" of the government's expectations.
+      "We will probably bring the current account this year under
+  14 billion, I think, which will probably be about a billion
+  dollars less than we forecast in the budget," Keating said. "I am
+  sure we will see a lower current account deficit for next year
+  ... And a fall as proportion of GDP."
+      Australia posted a 13.82 billion dlr current account
+  deficit in 1985/86 and Keating said the latest monthly figures
+  showed an encouraging trend.
+      Keating said the government would maintain responsible
+  economic management regardless of whether it was drawn into an
+  election, because it would take time to stabilise Australia's
+  80 billion dlr foreign debt.
+      "We have to build the import competing sector back," he said.
+  "We are now trying to rebuild our capital structure. We are
+  trying to rebuild the culture of productivity and
+  manufacturing."
+      Keating said the foundation for a transition of the economy
+  had been laid with the floating of the Australian dollar and
+  continued with wage restraint and deregulation.
+      The Government would follow with spending cuts in its
+  economic statement on May 14, he said.
+  
+
diff --git a/reuters/training/7669 b/reuters/training/7669
new file mode 100644
index 0000000000000000000000000000000000000000..b19c65d69d2814fecce621fee0c54a20a04d6a30
--- /dev/null
+++ b/reuters/training/7669
@@ -0,0 +1,28 @@
+TREASURY'S BAKER SUPPORTS FED MONETARY POLICY
+  Treasury Secretary James Baker said
+  in a newspaper interview that he supports the current course of
+  Federal Reserve Board monetary policy.
+      "The course of Fed policy is quite adequate as far as we are
+  concerned," Baker said in an interview with the New York Times.
+      In the interview, Baker declined to comment about the
+  recent Paris accord among the six leading industrialized
+  democracies when he was asked why the U.S. agreed to stabilize
+  the dollar at current levels when the trade deficit hit a
+  record level last year.
+      Baker said in the newspaper interview that it was "a subject
+  I prefer not to talk about."
+      He said that if he explained why the U.S. agreed to help
+  maintain the dollar at current levels "I would of necessity end
+  up getting into some of the private agreements that support
+  such and agreement" on the dollar.
+      Baker was optimistic about Brazil, which has stopped
+  interest payments on much of its outstanding debt with foreign
+  commercial banks.
+      "They are, after all, paying on time all the debt service
+  and principal on their official debts, having just rescheduled
+  with the Paris Club," Baker said in the newspaper interview.
+      Baker said that Brazilian repreentatives had explained they
+  intented to pay their commercial bank debts in full but needed
+  time.
+  
+
diff --git a/reuters/training/767 b/reuters/training/767
new file mode 100644
index 0000000000000000000000000000000000000000..ab3b26c043241f1bb4b564bb87835693a30c23be
--- /dev/null
+++ b/reuters/training/767
@@ -0,0 +1,10 @@
+UNION NATIONAL <UNBC> SIGNS DEFINITIVE PACT
+  Union National Corp said it
+  signed a definitive agreement under which its First National
+  Bank and Trust Co of Washington unit will merge with <Second
+  National Bank of Masontown>.
+      Under a previously announced merger agreement, each share
+  of Second National's common stock will be converted into 25
+  shares of Union National common.
+  
+
diff --git a/reuters/training/7670 b/reuters/training/7670
new file mode 100644
index 0000000000000000000000000000000000000000..7a8af772aca8e23f552be798ab3164b4b0da6413
--- /dev/null
+++ b/reuters/training/7670
@@ -0,0 +1,10 @@
+UNIVERSAL RESOURCES <UVR> TO VOTE ON MERGER
+  Universal Resources Corp said it
+  is holding a special shareholders meeting this morning to vote
+  on the previously-proposed merger between it and Questar Corp
+  <STR>.
+      Universal, whose stock was delayed this morning on the
+  American Stock Exchange, said it will release a statement later
+  in the day on the vote.
+  
+
diff --git a/reuters/training/7671 b/reuters/training/7671
new file mode 100644
index 0000000000000000000000000000000000000000..83ba6611163fa5d9d0dc8cf04c24f83b75903146
--- /dev/null
+++ b/reuters/training/7671
@@ -0,0 +1,18 @@
+SONEX RESEARCH <SONX> CUSTOM AUTO USES MORE GAS
+  Sonex Research Inc said its
+  modified 1986 British Ford Escort passed the European emissions
+  test, but reported the engine consumed 35 pct more fuel than
+  the stock engine.
+      Sonex said its engine is not equipped with a catalytic
+  converter and does not use exhaust gas recirculation or an
+  emission air pump. It said the company expected to realize a
+  reduced fuel economy, but is working on improving fuel
+  consumption.
+      The company said after it installs the new fuel system, it
+  will retest the automobile.
+      In a separate announcement, the company said it received
+  confirmation from the European Patent Office that Sonex
+  successfully defended its BETA European Patent from a
+  competitor.
+  
+
diff --git a/reuters/training/7672 b/reuters/training/7672
new file mode 100644
index 0000000000000000000000000000000000000000..fad11526ddbf00354c2ba9770cafb29cd91fd852
--- /dev/null
+++ b/reuters/training/7672
@@ -0,0 +1,13 @@
+LOUISIANA PACIFIC <LPX> BUYS OREGON SAWMILL
+  Louisiana Pacific Corp has
+  agreed to pay 3,475,000 dlrs for the bankrupt Harris Pine
+  Sawmill in Pendleton, Ore., the mill's bankruptcy trustee said.
+      Louisiana Pacific refused to indicate whether it would
+  repoen the lumber mill which was closed after the sawmill owned
+  by the Seventh Day Adventist Church filed a bankruptcy petition
+  in Portland federal court in December.
+      The trustee said the company outbid WTD Industries Inc for
+  the lumber mill, harvested logs and contracts to harvest timber
+  in the national forest. It outbidhell bankruptcy trustee said.
+  
+
diff --git a/reuters/training/7673 b/reuters/training/7673
new file mode 100644
index 0000000000000000000000000000000000000000..c6d328057b7a42a08e56e024057a884994e6910f
--- /dev/null
+++ b/reuters/training/7673
@@ -0,0 +1,13 @@
+INTERNATIONAL PAGURIAN HAS FIVE MONTH PROFIT
+  <International Pagurian Corp Ltd> said
+  it had net profit of 3.3 mln dlrs or three cts a share for the
+  period August 15 to December 31, 1986, based on 55.2 mln shares
+  outstanding.
+      Revenues for the full year ended December 31, 1986 were 5.5
+  mln dlrs and net assets at year end were 317.5 mln dlrs.
+      The company did not disclose earnings for the 1986 period
+  before August 15 or prior year results. A company spokesman
+  said prior results were not comparable due to its August 15
+  issue of 30 mln common shares.
+  
+
diff --git a/reuters/training/7674 b/reuters/training/7674
new file mode 100644
index 0000000000000000000000000000000000000000..157f79e1625ce6ec80f09608b79328ddd4168029
--- /dev/null
+++ b/reuters/training/7674
@@ -0,0 +1,13 @@
+S. AFRICAN M-3 MONEY GROWTH SLOWS IN JANUARY
+  South African year-on-year broadly
+  defined M-3 money supply growth slowed to 8.62 pct in January
+  from 9.32 pct in December, Reserve Bank figures show.
+      M-3 fell to 77.98 billion rand in January from 79.31
+  billion in December, while preliminary February figures show
+  M-3 at 79.42 billion rand for a year-on-year rise of 10.63 pct.
+      M-2 showed a rise of 5.09 pct for January at 55.68 billion
+  rand after 4.30 pct in December, M-1 16.72 pct at 5.12 billion
+  after 12.80 pct and M-1A 22.79 pct at 14.30 billion rand after
+  20.54 pct.
+  
+
diff --git a/reuters/training/7676 b/reuters/training/7676
new file mode 100644
index 0000000000000000000000000000000000000000..1f8428461f5dc56974293129f874482efe15b634
--- /dev/null
+++ b/reuters/training/7676
@@ -0,0 +1,10 @@
+COMPUSCAN INC <CSCN> 3RD QTR FEB 28 NET
+  Shr loss eight cts vs loss 20 cts
+      Net loss 469,000 vs loss 1,104,000
+      Revs 3,093,000 vs 3,056,000
+      Nine mths
+      Shr loss 19 cts vs loss 29 cts
+      Net loss 1,098,000 vs 1,646,000
+      Revs 9,562,000 vs 12.2 mln
+  
+
diff --git a/reuters/training/7678 b/reuters/training/7678
new file mode 100644
index 0000000000000000000000000000000000000000..461195189a79b71e1ff1378c294c7b8c9dd1ddd7
--- /dev/null
+++ b/reuters/training/7678
@@ -0,0 +1,14 @@
+FIRST FEDERAL <FFBN> MERGING INTO BANKEAST <BENH>
+  First Federal Bank FSB said it has
+  entered into a letter of intent to merge into BankEast Corp for
+  60 dlrs per First Federal share in BankEast common stock.
+      First Federal said, subject to certain adjustments,
+  including First Federal's earnings prior to the close of the
+  deal, each share of its common stock shall not be converted
+  into less than 2.9 shares or more than 3.5 shares of BankEast
+  common.
+      First Federal said the proposed move is also subject to
+  execution of a definitive agreement, regulatory approval and
+  the approval of First Federal shareholders.
+  
+
diff --git a/reuters/training/7679 b/reuters/training/7679
new file mode 100644
index 0000000000000000000000000000000000000000..d54e09587dbfe60ff9d8ca4c80d1b864818b990c
--- /dev/null
+++ b/reuters/training/7679
@@ -0,0 +1,9 @@
+ILLINOIS TOOL WORKS <ITW> SELLS TWO DIVISIONS
+  Illinois Tool Works Inc said it
+  completed the sale of its Drill and End Mill division, Pine
+  Bluff, Arkansas and Eclipse Counterbore division, Detroit, to
+  newly-formed Eclipse Industrial Pruducts Inc, based in St.
+  Louis.  Terms were not disclosed.
+      All employees at both locations will be retained, it added.
+  
+
diff --git a/reuters/training/768 b/reuters/training/768
new file mode 100644
index 0000000000000000000000000000000000000000..c371d8d6368b73936f4bb7124201aeb743f273b9
--- /dev/null
+++ b/reuters/training/768
@@ -0,0 +1,34 @@
+ANALYSTS SEE NO OTHER BIDDER FOR PUROLATOR<PCC>
+  Several analysts said they do not
+  believe another suitor will top the 265 mln dlr bid for
+  Purolator Courier Corp by E.F. Hutton LBO Inc and a management
+  group from Purolator's courier division.
+      There had been speculation another offer might be
+  forthcoming, but analysts mostly believe the 35 dlrs per share
+  price being paid by Hutton and the managers' PC Acquisition Inc
+  is fully valued.
+      Analysts and some Wall Street sources said they doubted
+  another bidder would emerge since Purolator had been for sale
+  for sometime before a deal was struck with Hutton Friday.
+      Purolator's stock slipped 3/8 today to close at 34-3/4. It
+  had been trading slightly higher than the 35 dlr offer on
+  Friday. At least one analyst Friday speculated the company
+  might fetch 38 to 42 dlrs per share.
+      analysts and wall street sources doubted a competitive
+  offer would emerge since the company has been for sale for
+  sometime before the deal with Hutton was struck Friday.
+      Hutton had been in talks with Purolator's adviser, Dillon,
+  Read and Co since late December, a Hutton spokesman said.
+      Hutton is offering 35 dlrs cash per share for 83 pct of the
+  shares. If all shares are tendered, shareholders would receive
+  29 dlrs cash, six dlrs in debentures, and warrants for stock in
+  a subsidiary of PC Acquisition containing the Purolator U.S.
+  courier operation. Hutton values the warrants at two to three
+  dlrs per share.
+      Wall Street sources also said today that a rival bidder
+  might be discouraged by a breakup fee Purolator would have to
+  pay if it ends its agreement with Hutton. The sources would not
+  reveal the amount of the fee, which will be noted in documents
+  on the transaction to be made public later this week.
+  
+
diff --git a/reuters/training/7681 b/reuters/training/7681
new file mode 100644
index 0000000000000000000000000000000000000000..ead0d57a1514ce372de7cace0081da1548eb7ebd
--- /dev/null
+++ b/reuters/training/7681
@@ -0,0 +1,6 @@
+NATIONAL PATENT DEVELOPMENT CORP <NPD> IN PAYOUT
+  Qtly div 2-1/2 cts vs 2-1/2 cts prior
+      Pay May One
+      Record April One
+  
+
diff --git a/reuters/training/7682 b/reuters/training/7682
new file mode 100644
index 0000000000000000000000000000000000000000..eaf6d94fca148ba3cdc0f13fdced95e6607e63a9
--- /dev/null
+++ b/reuters/training/7682
@@ -0,0 +1,6 @@
+THOMPSON MEDICAL CO INC <TM> SETS QUARTERLY
+  Qtly div 10 cts vs 10 cts prior
+      Pay April 15
+      Record March 30
+  
+
diff --git a/reuters/training/7684 b/reuters/training/7684
new file mode 100644
index 0000000000000000000000000000000000000000..c46a1258a987f9172dbdbdf47c6dee2344e6d28d
--- /dev/null
+++ b/reuters/training/7684
@@ -0,0 +1,20 @@
+GULF CANADA <GOC> ASSERTS NO DAMAGE FROM SPILL
+  Gulf Canada Corp said a
+  discharge of material at its Amauligak drilling site in the
+  Beaufort Sea caused no danger to the environment.
+      Yesterday, the federal department of energy charged Gulf
+  Canada with eight counts of illegal dumping for discharging
+  powdered cement and drilling mud between September 23 and 30
+  last year.
+      The charges carry a maximum 50,000 dlr fine on each count.
+      Gulf said the government's charges relate to discharging
+  materials without a permit, not to environmental damage
+  resulting from the action.
+      Gulf said it voluntarily informed appropriate government
+  officials when the material was discharged.
+      The company also said none of the material was discharged
+  within 12 miles of the closest shoreline. It added that one of
+  the materials cited, barite, is a naturally occurring mineral
+  routinely discharged into the sea during drilling operations.
+  
+
diff --git a/reuters/training/7686 b/reuters/training/7686
new file mode 100644
index 0000000000000000000000000000000000000000..b430bc804b8602fd52112470870fe23a025ff227
--- /dev/null
+++ b/reuters/training/7686
@@ -0,0 +1,8 @@
+METALLGESELLSCHAFT AG <METG.F>
+  Year to September 30, 1986
+      Domestic group net profit 69.9 mln marks vs 61.4 mln.
+      Parent net profit 53.6 mln vs 43.8 mln.
+      Dividend six marks vs same.
+      Parent payment to disclosed reserves 20 mln vs 15 mln.
+  
+
diff --git a/reuters/training/7687 b/reuters/training/7687
new file mode 100644
index 0000000000000000000000000000000000000000..f52f5414414a9f42d3aa331696abf21723d7b7bc
--- /dev/null
+++ b/reuters/training/7687
@@ -0,0 +1,28 @@
+PUBCO <PUBO> DECLARES DIVIDEND RIGHT
+  Pubco Corp said its board declared a
+  dividend distribution of one common stock purchase right on
+  each outstanding share of Pubco's common stock.
+      It said each right will entitle shareholders to buy one
+  share of common stock at an exercise price of three dlrs.
+      The rights will be exercisable only if a person or group
+  acquires 20 pct or more of Pubco's common stock or announces a
+  tender which would result in ownership by a person or group of
+  20 pct or more of the common stock, the company said.
+      Pubco said it will be entitled to redeem the rights at 0.1
+  cts per right at any time before a 20 pct position has been
+  acquired and afterward in certain circumstances. It said the
+  exercise price will be substantially reduced in the event of an
+  acquisition of 25 pct or more of common stock.
+      If Pubco is acquired in a merger or other transaction, each
+  right will entitle its holder to purchase, at the right's
+  then-current exercise price, a number of the acquiring
+  company's common shares having a market value at that time of
+  twice the right's exercise price, the company said.
+      The dividend distribution will be made March 31, 1987,
+  payable to shareholders of record on that date. The rights will
+  expire ten years later on March 31, 1987, the company said.
+      Pubco said the rights are not being distributed in response
+  to any specific effort to change control of Pubco, and the
+  board is not aware of any such effort.
+  
+
diff --git a/reuters/training/7690 b/reuters/training/7690
new file mode 100644
index 0000000000000000000000000000000000000000..2c69b8e6fb1c7d4720ab96c084fcb1c9bc1310f0
--- /dev/null
+++ b/reuters/training/7690
@@ -0,0 +1,6 @@
+TECH DATA <TECD> SETS THREE FOR TWO SPLIT
+  Tech Data Corp said its board
+  declared a three-for-two stock split, payable April 30 to
+  holders of record April 1.
+  
+
diff --git a/reuters/training/7693 b/reuters/training/7693
new file mode 100644
index 0000000000000000000000000000000000000000..3cc87b8138d68b9d746c81366b409ff29d47d31b
--- /dev/null
+++ b/reuters/training/7693
@@ -0,0 +1,22 @@
+VERTEX <VETX> TO BUY COMPUTER TRANSCEIVER STAKE
+  Vertex Industries Inc and
+  <Computer Transceiver Systems Inc> jointly announced an
+  agreement for Vertex to acquire a 60 pct interest in Computer
+  after it completes a proposed reorganization.
+      Computer has been in reorganization proceedings under
+  chapter 11 since September 1986.
+      The companies said the agreement would allow Computer's
+  unsecured creditors and debenture holders to receive new stock
+  in exchange for exsiting debt, and for shareholders to receive
+  one new share of Computer's stock for each four shares
+  previously held.
+     
+      The companies said the United States Bankruptcy court for
+  the Southern District of New York has given preliminary
+  approval for the proposal, which is subject to formal approval
+  by Computer's creditors and the court.
+      Under the agreement, Vertex also said it would supply
+  Computer with 250,000 dlrs of operating funds, and arrange
+  renegotiation of its secured bank debt, among other things.
+  
+
diff --git a/reuters/training/7694 b/reuters/training/7694
new file mode 100644
index 0000000000000000000000000000000000000000..63f5a964763a4276a1de77185ccc01807c0a2e96
--- /dev/null
+++ b/reuters/training/7694
@@ -0,0 +1,6 @@
+RENT-A-CENTER <RENT> VOTES 3 FOR 2 SPLIT
+  Rent-A-Center Inc said its
+  directors approved a three-for-two stock split payable April
+  20, record April 3.
+  
+
diff --git a/reuters/training/7696 b/reuters/training/7696
new file mode 100644
index 0000000000000000000000000000000000000000..92b690283be0e556dfcdea59ef57f5df0948cad5
--- /dev/null
+++ b/reuters/training/7696
@@ -0,0 +1,11 @@
+USACAFES <USF> SETS HIGHER DIVIDEND
+  USACafes LP said its board declared a
+  quarterly dividend of 20 cts per unit -- its first since
+  converting to a limited partnership.
+      The company, as USACafes Inc, had paid a quarterly dividend
+  of nine cts per share.
+      It said the restructuring as a partnership has
+  substantially increased the cash available for distribution to
+  unitholders, as it had predicted.
+  
+
diff --git a/reuters/training/7698 b/reuters/training/7698
new file mode 100644
index 0000000000000000000000000000000000000000..9579b6ed2ba631f720c4c2dc0bef0dfffc2917c9
--- /dev/null
+++ b/reuters/training/7698
@@ -0,0 +1,8 @@
+COOPER CANADA SAID IT RECEIVED TAKEOVER OFFERS
+  <Cooper Canada Ltd> said it has
+  received takeover offers from "a number of companies."
+      The company also said that "discussions are continuing, but
+  no definitive arrangements have been made."
+      It gave no further details.
+  
+
diff --git a/reuters/training/77 b/reuters/training/77
new file mode 100644
index 0000000000000000000000000000000000000000..df4cc243267c94d834f4b60c38c013c4a9ce9203
--- /dev/null
+++ b/reuters/training/77
@@ -0,0 +1,5 @@
+N.Y. BUSINESS LOANS FALL 195 MLN DLRS IN FEB 18 WEEK, FED SAYS
+
+  N.Y. BUSINESS LOANS FALL 195 MLN DLRS IN FEB 18 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/7700 b/reuters/training/7700
new file mode 100644
index 0000000000000000000000000000000000000000..6acc125a96c71b7dfca1db7294e7837931a2350d
--- /dev/null
+++ b/reuters/training/7700
@@ -0,0 +1,17 @@
+U.S. GRAIN ANALYSTS SEE LOWER CORN, SOY PLANTING
+  Grain analysts surveyed by the American
+  Soybean Association, ASA, projected acreage this year at 59.1
+  mln acres of soybeans and 64.7 mln acres of corn.
+      In 1986, farmers planted 61.5 mln acres of soybeans and
+  76.7 mln acres of corn, according to the February 9 USDA
+  supply/demand report. The USDA is to release its 1987 planting
+  intentions report March 31.
+      The survey included 15 soybean estimates and 13 corn
+  estimates and was released in the March 16 Soybean Update
+  newsletter sent to members.
+      Estimates ranged from 56.0 mln to 63.0 mln acres of
+  soybeans and 59.5 mln to 68.0 mln acres of corn.
+      An ASA spokesman said the association plans no survey of
+  farmers' planting intentions this year.
+  
+
diff --git a/reuters/training/7702 b/reuters/training/7702
new file mode 100644
index 0000000000000000000000000000000000000000..e4fc99bd5d3603dd8e547a94a8410e1c06ba2ee9
--- /dev/null
+++ b/reuters/training/7702
@@ -0,0 +1,6 @@
+FREEPORT-MCMORAN OIL AND GAS <FMR> PAYOUT RISES
+  Mthly div 14.248 cts vs 4.912 cts prior
+      Pay April 10
+      Record March 31
+  
+
diff --git a/reuters/training/7704 b/reuters/training/7704
new file mode 100644
index 0000000000000000000000000000000000000000..04f73b2ba3806bf93461dd26b9d255338cef10e9
--- /dev/null
+++ b/reuters/training/7704
@@ -0,0 +1,13 @@
+ILLINOIS REGIONAL <ILLR> MULLS AFFILIATION
+  Illinois Regional Bancorp said
+  it is evaluating whether to affiliate with a larger bank
+  holding company or continue to remain independent.
+      The 500 mln dlr-asset bank holding company said that in
+  view of recent investor interest in suburban Chicago banks, it
+  retained Merrill Lynch Capital markets to advise it on its
+  alternatives.
+      Last year, Illinois Regional had discussions with
+  Milwaukee-based Marine Corp <MCRP> but no agreement was
+  reached, a company spokesman said.
+  
+
diff --git a/reuters/training/7707 b/reuters/training/7707
new file mode 100644
index 0000000000000000000000000000000000000000..57052808bdf3796235a5787cd991eb21204e90e9
--- /dev/null
+++ b/reuters/training/7707
@@ -0,0 +1,6 @@
+SHELDAHL <SHEL> VOTES THREE-FOR-TWO STOCK SPLIT
+  Sheldahl Inc said its
+  directors approved a three-for-two stock split, payable April
+  24, record April 3.
+  
+
diff --git a/reuters/training/7709 b/reuters/training/7709
new file mode 100644
index 0000000000000000000000000000000000000000..7dc1c268d13e7f2272508d64eb58a56d0c4d54a2
--- /dev/null
+++ b/reuters/training/7709
@@ -0,0 +1,6 @@
+RUSS TOGS INC <RTS> SETS QUARTERLY
+  Qtly div 19 cts vs 19 cts prior
+      Pay April 15
+      Record April One
+  
+
diff --git a/reuters/training/7710 b/reuters/training/7710
new file mode 100644
index 0000000000000000000000000000000000000000..ec28d6b2078f68f71a236add21a35e0932e5f205
--- /dev/null
+++ b/reuters/training/7710
@@ -0,0 +1,45 @@
+BANK OF FINLAND TO TRADE IN BANKS' CERTIFICATES
+  The Bank of Finland said it has
+  started dealings in banks' certificates of deposits (CDs) with
+  immediate effect and that it was prepared to issue its own
+  paper to stimulate operations on the domestic money market.
+      Bank of Finland Governor Rolf Kullberg told a news
+  conference the Bank will also limit credits on the call money
+  market from March 30, 1987, by introducing a maximum credit
+  amount and a penalty rate if banks exceed this ceiling.
+      "The recent introduction of three-month money and these new
+  regulations are decreasing the role of the call money market
+  and the discount rate as monetary instruments," Kullberg said.
+      Bankers welcomed the central bank measures saying these
+  were needed to accelerate the domestic money market. The Bank
+  of Finland had never before been allowed to issue its own CDs,
+  they said.
+      "The central bank for the first time has an instrument with
+  which it really can influence the price of money in this
+  country," one banker said.
+      Under the new rules banks are limited to call money credits
+  to a maximum of 7.5 pct of the total of their equity capital
+  and cash reserves. A penalty rate of interest of 19 pct is now
+  introduced if the limit is exceeded.
+      Director Sixten Korkman at the Bank of Finland's monetary
+  department said he expected the bank to pursue an active policy
+  on the interbank market as an issuer of own-CDs.
+      "We are free to do it, so maybe on Monday we will issue the
+  first, just to see how the system functions. Overall I think we
+  will issue at least a few times a week," Korkman told Reuters.
+      He said the bank was likely to aim at CDs with a
+  three-month maturity at first as the market was best developed
+  for paper of that maturity.
+      The Bank of Finland introduced last December three-month
+  credits and deposits at rates determined by the central bank
+  and the commercial banks as a shift away from the traditional
+  overnight call money market.
+      Liquidity on the call credit market has fallen from around
+  nine billion markka in early December to 167 mln last week,
+  while three-month credits have risen to three to four billion.
+      On the interbank market there has been an increasing trade
+  in banks' CDs, estimated to be some eight billion markka. In
+  addition, commercial paper accounts for around five billion
+  markka and Treasury Bills two billion.
+  
+
diff --git a/reuters/training/7715 b/reuters/training/7715
new file mode 100644
index 0000000000000000000000000000000000000000..66b05dea2aaf477c3d503449e7b7be210f25b369
--- /dev/null
+++ b/reuters/training/7715
@@ -0,0 +1,17 @@
+CARTERET SAVINGS<CBC> COMPLETES SALE OF BRANCHES
+  Carteret Savings Bank said it
+  has completed the previously announced sale of six Virginia
+  branches to Charter Federal Savings and Loan Association
+  <CHFD>.
+      Carteret said it has opened a retail banking office in
+  Vienna, Va., as the next step in its move to build a strong
+  presence in the Washington, D.C., Baltimore, Md., area.
+      Carteret said the new bank has two offices outside
+  Baltimore, which were acquired last June when Carteret merged
+  with Admiral Builders Savings and Loan Association.
+      The company said it plans to open a retail banking office
+  in downtown Washington this summer, plus several more offices
+  in Baltimore County and others in Fairfax County, Va. Carteret
+  said it may open more loan offices in Virginia and Maryland.
+  
+
diff --git a/reuters/training/7716 b/reuters/training/7716
new file mode 100644
index 0000000000000000000000000000000000000000..9e94e1949bef44d42a80afbc49bc960855e18581
--- /dev/null
+++ b/reuters/training/7716
@@ -0,0 +1,9 @@
+FED EXPECTED TO SET CUSTOMER REPURCHASES
+  The Federal Reserve is expected to
+  intervene in the government securities market to add temporary
+  reserves indirectly via 1.5-2.0 billion dlrs of customer
+  repurchase agreements, economists said.
+      Federal funds, which averaged 6.06 pct yesterday, opened at
+  6-1/16 pct and remained there in early trading.
+  
+
diff --git a/reuters/training/7722 b/reuters/training/7722
new file mode 100644
index 0000000000000000000000000000000000000000..bcf0980d8b21c08d95a5e37516cb437f82965f99
--- /dev/null
+++ b/reuters/training/7722
@@ -0,0 +1,25 @@
+MCDONALD'S <MCD> UP ON REAFFIRMED RECOMMENDATION
+  The stock of McDonald's Corp rose
+  sharply this morning after analyst Daniel Lee of Drexel Burnham
+  Lambert Inc reiterated his recommendation of the stock, traders
+  said.
+      McDonald's, an operator of fast food restaurants, rose
+  1-5/8 to 77-3/8.
+      "Comparable store sales are up 5.6 pct in 1986 vs 1985,"
+  Lee said, "and the stock is trading below the market multiple."
+  He said "not many companies have a consistent 15 pct annual
+  earnings growth rate, return on equity above 20 pct, but trade
+  at less than the market multiple."
+      Analyst Lee said "the introduction of a new line of salads
+  this spring, at about the time we are all trying to squeeze
+  into bathing suits, should boost sales."
+      He also noted that "the average McDonald's does about 1.369
+  mln dlrs in revenues a year. That compares with 1.1 mln dlrs a
+  year for the average Burger King and 800,000 dlrs a year for
+  the average Wendy's." Since it cost about the same to build a
+  single store for any one of these chains, he said, "McDonald's
+  can well justify their expansion."
+      Lee expects McDonald's to earn 4.40 dlrs a share in 1986
+  and 5.15 dlrs in 1988. Last year it earned 3.72 dlrs a share.
+  
+
diff --git a/reuters/training/7723 b/reuters/training/7723
new file mode 100644
index 0000000000000000000000000000000000000000..2632b96031d10743367269f99b131d713f7e1a72
--- /dev/null
+++ b/reuters/training/7723
@@ -0,0 +1,10 @@
+ICN PHARMACEUTICAL INC <ICN> 1ST QTR FEB 28 NET
+  Oper shr 14 cts vs four cts
+      Oper net 2,959,000 vs 1,103,000
+      Sales 22.5 mln vs 25.2 mln
+      Note: oper data does not include extraordinary gains of
+  3,686,000 dlrs, or 17 cts per shr, in current quarter and
+  975,000 dlrs, or eight cts per shr, in year ago quarter from
+  sales of certain marketable securities.
+  
+
diff --git a/reuters/training/7725 b/reuters/training/7725
new file mode 100644
index 0000000000000000000000000000000000000000..008eafc064631219f6ca82246dae5ce86cf72168
--- /dev/null
+++ b/reuters/training/7725
@@ -0,0 +1,11 @@
+AMERICAN FEDERAL COLORADO <AFSL> HALVES PAYOUT
+  American Federal Savings and Loan
+  Association of Colorado said its board cut the quarterly
+  dividend to 7-1/2 cts per share from 15 cts.
+      The dividend is payable April 14 to holders of record March
+  31.
+      The company said earnings will continue under pressure this
+  year due to the weakness of the Colorado economy and a high
+  level of nonearning assets.
+  
+
diff --git a/reuters/training/7726 b/reuters/training/7726
new file mode 100644
index 0000000000000000000000000000000000000000..be83e8c28c823418c6056d601f26948c386ed23c
--- /dev/null
+++ b/reuters/training/7726
@@ -0,0 +1,7 @@
+TEXAS UTILITIES CO <TXU> 12 MTHS FEB 28 NET
+  Shr 4.50 dlrs vs 4.30 dlrs
+      Net 637.4 mln vs 588.5 mln
+      Revs 3.95 billion vs 4.10 billion
+      Avg shrs 141.7 mln vs 136.9 mln
+  
+
diff --git a/reuters/training/7728 b/reuters/training/7728
new file mode 100644
index 0000000000000000000000000000000000000000..df916b42c5c2eb9e21ea9832dfccf874fdff2bae
--- /dev/null
+++ b/reuters/training/7728
@@ -0,0 +1,11 @@
+<GUARDIAN TRUSTCO INC> 4TH QTR NET
+  Shr 15 cts vs nine cts
+      Net 528,000 vs 374,000
+      Revs not given
+      Year
+      Shr 1.25 dlrs vs 42 cts
+      Net 2,853,000 vs 1,579,000
+      Revs 55.3 mln vs 46.8 mln
+      Note: shr after preferred dividends
+  
+
diff --git a/reuters/training/7729 b/reuters/training/7729
new file mode 100644
index 0000000000000000000000000000000000000000..69a157d57b7199f18d32343248cf5d2a47599c97
--- /dev/null
+++ b/reuters/training/7729
@@ -0,0 +1,9 @@
+ENVIROPACT <VIRO> TO MAKE ACQUISITION
+  Enviropact Inc said it has signed a
+  letter of intent to acquire Willms Trucking Co Inc for about
+  12.5 mln dlrs, with completion expected in 45 days.
+      In the year ended September 30, Willms had revenues of
+  about 15 mln dlrs.  It transports hazardous waste, sand and
+  gravel.
+  
+
diff --git a/reuters/training/773 b/reuters/training/773
new file mode 100644
index 0000000000000000000000000000000000000000..02cb6f26dd0d90e67b5644ea8bbe99a2e431c0b3
--- /dev/null
+++ b/reuters/training/773
@@ -0,0 +1,10 @@
+WHITEHALL CORP <WHT> 4TH QTR NET
+  Shr 15 cts vs 55 cts
+      Net 557,000 vs 2,020,000
+      Revs 8,872,000 vs 13,908,000
+      Year
+      Shr 60 cts vs 2.52 dlrs
+      Net 2,198,000 vs 9,313,000
+      Revs 36.9 mln vs 55.7 mln
+  
+
diff --git a/reuters/training/7730 b/reuters/training/7730
new file mode 100644
index 0000000000000000000000000000000000000000..ce22cb8384a8a45de76210060a6bfd025f7e7cc5
--- /dev/null
+++ b/reuters/training/7730
@@ -0,0 +1,8 @@
+VIRATECK INC <VIRA> 1ST QTR FEB 28 OPER LOSS
+  Oper shr loss 23 cts vs profit 16 cts
+      Oper loss 1,868,000 vs profit 1,293,000
+      Revs 183,000 vs 3,400,000
+      Note: Oper data does not include year ago extraordinary
+  gain of 750,000 dlrs, or nine cts per shr.
+  
+
diff --git a/reuters/training/7732 b/reuters/training/7732
new file mode 100644
index 0000000000000000000000000000000000000000..5aa94655fb6805cb8836da9ac1d29205666b8430
--- /dev/null
+++ b/reuters/training/7732
@@ -0,0 +1,6 @@
+PARKWAY CO <PKWY> SETS QUARTERLY
+  Qtly div 20 cts vs 20 cts prior
+      Pay May 20
+      Record May Four
+  
+
diff --git a/reuters/training/7733 b/reuters/training/7733
new file mode 100644
index 0000000000000000000000000000000000000000..d34f9d74389e31944d70164e08303bf18337b770
--- /dev/null
+++ b/reuters/training/7733
@@ -0,0 +1,45 @@
+ITALY SETS RULES FOR COMPANY HOLDINGS IN BANKS
+  Companies will henceforth be able to own
+  stakes in banks, but these should not constitute a "dominant"
+  holding, an Italian government committee ruled.
+      The Interministerial Committee on Credit and Savings,
+  headed by Treasury Minister Giovanni Goria, said its decision
+  reflected the "need to safeguard the principle of separation
+  between banks and non-financial concerns."
+      It did not quantify what might constitute a "dominant"
+  holding.
+      The committee also set conditions for the allocation of
+  credits by banks to companies or individuals holding stakes in
+  them, and stipulates conditions under which the Bank of Italy
+  could exercise its powers of control in the case of stakes held
+  by banks in companies or other banks.
+      Under the ruling, credits given by banks or their
+  subsidiaries to groups or individuals holding five pct or more
+  of the bank's capital must not exceed defined limits.
+      The value of credits given cannot exceed either one-fifth
+  of the combined capital and reserves of the bank itself or
+  two-fifths of the value of the stake owned in the bank by the
+  group or individual concerned.
+      Exceptions to these conditions include credits to concerns
+  in which the bank itself has a stake and to branches of foreign
+  banks. Credits made by foreign companies or banks to
+  subsidiaries which have their legal base in Italy will also be
+  excluded from the conditions.
+      The Bank of Italy will request banks to insert rules in
+  their statutes to ensure that companies or individuals holding
+  five pct or more of the bank's capital are not given privileged
+  treatment with regard to credit allocation and terms.
+      With regard to bank holdings in companies, the Bank of
+  Italy can exercise supervisory controls when information on a
+  bank's consolidated activities show single shareholdings in a
+  company or another bank of 25 pct or more, owned directly or
+  indirectly.
+      Such controls can also be exercised even if the stake held
+  is below 25 pct if it can be considered a controlling interest.
+      The controls will not be exercised in cases where the value
+  of the bank's stake in a concern is below the lesser of two
+  predefined limits.
+      These limits are set at 15 billion lire or two pct of the
+  total assets of the parent company of the shareholding bank.
+  
+
diff --git a/reuters/training/7734 b/reuters/training/7734
new file mode 100644
index 0000000000000000000000000000000000000000..72871e6bd7c8e827380dbdb87ae6140c8e67cfe3
--- /dev/null
+++ b/reuters/training/7734
@@ -0,0 +1,12 @@
+PARISIAN INC <PASN> 4TH QTR JAN 31 NET
+  Shr 58 cts vs 57 cts
+      Net 4,313,000 vs 3,824,000
+      Sales 72.8 mln vs 61.5 mln
+      Avg shrs 7,492,000 vs 6,740,000
+      Year
+      Shr 1.33 dlrs vs 1.23 dlrs
+      Net 9,592,000 vs 8,257,000
+      Sales 226.4 mln vs 184.4 mln
+      Avg shrs 7,228,000 vs 6,740,000
+  
+
diff --git a/reuters/training/7735 b/reuters/training/7735
new file mode 100644
index 0000000000000000000000000000000000000000..bc4ed6a5d031683672fc9a7214c903173fa119a3
--- /dev/null
+++ b/reuters/training/7735
@@ -0,0 +1,9 @@
+SPI PHARMACEUTICALS INC <SPIP> 1ST QTR OPER NET
+  Qtr ended Feb 28
+      Oper shr 31 cts vs 14 cts
+      Oper net 3,203,000 vs 1,357,000
+      Revs 13.0 mln vs 15.6 mln
+      Note: Oper data does not include year ago extraordinary
+  gain of 821,000 dlrs, or eight cts per shr.
+  
+
diff --git a/reuters/training/7736 b/reuters/training/7736
new file mode 100644
index 0000000000000000000000000000000000000000..f9736c26c8d29e067d62158b3e7b35d56055cc60
--- /dev/null
+++ b/reuters/training/7736
@@ -0,0 +1,12 @@
+GUARDIAN TRUSTCO SEES MODEST 1987 OUTLOOK
+  <Guardian Trustco Inc>, earlier
+  reporting a 198 pct increase in full year earnings per share,
+  said the outlook for 1987 is more modest.
+      The company said it has started a number of long-term
+  growth projects which have a payback period exceeding one year.
+  Guardian Trustco did not give a specific earnings forecast.
+      The company earlier reported 1986 net profit rose to
+  2,853,000 dlrs or 1.25 dlrs a share, from year-earlier
+  1,579,000 dlrs or 42 cts a share.
+  
+
diff --git a/reuters/training/7737 b/reuters/training/7737
new file mode 100644
index 0000000000000000000000000000000000000000..ba42dae91bc0fae96fbade7b523b56e9e4da9d12
--- /dev/null
+++ b/reuters/training/7737
@@ -0,0 +1,11 @@
+COGECO BUYS FM STATION, PLANS SHARE ISSUE
+  <Cogeco Inc> said it agreed to acquire
+  100 pct of Quebec City radio station CJMF-FM and will issue
+  subordinated voting shares of the company to cover a portion of
+  the purchase price.
+      It said the purchase price and other terms of the
+  transaction have not been disclosed. The transaction is subject
+  to approval of the Canadian Radio-Television and
+  Telecommunications Commission.
+  
+
diff --git a/reuters/training/7738 b/reuters/training/7738
new file mode 100644
index 0000000000000000000000000000000000000000..c15a62261a5ba27718d44756cfa8f0d3a6f8adb7
--- /dev/null
+++ b/reuters/training/7738
@@ -0,0 +1,5 @@
+NESTLE 1986 NET 1.79 BILLION SWISS FRANCS VS 1.75 BILLION, DIV UNCHANGED 145 FRANCS
+
+  NESTLE 1986 NET 1.79 BILLION SWISS FRANCS VS 1.75 BILLION, DIV UNCHANGED 145 FRANCS
+  
+
diff --git a/reuters/training/7739 b/reuters/training/7739
new file mode 100644
index 0000000000000000000000000000000000000000..750c381b3dff8870786680e04084b2f77090963d
--- /dev/null
+++ b/reuters/training/7739
@@ -0,0 +1,12 @@
+TEXAS INDUSTRIES INC <TXI> 3RD QTR FEB 28 NET
+  Shr loss 50 cts vs profit one ct
+      Net loss 4,419,000 vs profit 276,000
+      Sales 126.8 mln vs 151.3 mln
+      Nine mths
+      Shr loss 42 cts vs profit 1.27 dlrs
+      Net loss 3,160,000 vs profit 11.2 mln
+      Sales 429.9 mln vs 477.5 mln
+      NOTE: Current year net includes tax credits of 2,164,000
+  dlrs in quarter and 328,000 dlrs in nine mths.
+  
+
diff --git a/reuters/training/774 b/reuters/training/774
new file mode 100644
index 0000000000000000000000000000000000000000..49fd6ac6ef14460a4afdd0190d1efc4474cbf5e2
--- /dev/null
+++ b/reuters/training/774
@@ -0,0 +1,18 @@
+SERVICE CORP INTERNATIONAL <SRV> 3RD QTR NET
+  Qtr ended Jan 31
+      Shr 33 cts vs 29 cts
+      Net 14.8 mln vs 11 mln
+      Revs 108.6 mln vs 70.0 mln
+      Avg shrs 45.2 mln vs 37.6 mln
+      Nine mths
+      Shr 88 cts vs 76 cts
+      Net 36.7 mln vs 28.7 mln
+      Revs 260.4 mln vs 193.0 mln
+      Avg shrs 41.9 mln vs 37.8 mln
+      Note: Net for nine mths includes gains from dispositions of
+  1,783,000 dlrs or four cts a share vs 900,000 dlrs or two cts a
+  share.
+      Avg shrs and shr data restated to reflect three-for-two
+  stock split in January.
+  
+
diff --git a/reuters/training/7742 b/reuters/training/7742
new file mode 100644
index 0000000000000000000000000000000000000000..c7b6a4d51b5efc2122ee3293b30a494dd4d6e79f
--- /dev/null
+++ b/reuters/training/7742
@@ -0,0 +1,61 @@
+TALKING POINT/FIRST CITY BANCORPORATION <FBT>
+  First City Bancorporation's sale of 54
+  mln dlrs in oil loans to Prudential-Bache should significantly
+  reduce its energy problems, but the bank's losses are still
+  virtually guaranteed to continue, analysts said.
+      The package of energy loans was sold at book value, so
+  First City did not to show a gain or loss, said bank spokesman
+  James Day. He added it was possible First City would sell more
+  of the bank's remaining 1.4 billion dlrs in oil-related loans
+  to raise cash.
+      The loans had been made by First City to oil producers and
+  to oilfield service and supply companies. Day said some had
+  already been classified as nonperforming, or charged off as a
+  loss, but he could not identify how many were included in those
+  categories.
+      The loans were purchased by Prudential Bache's Energy
+  Growth Fund, a limited partnership created last month with 90
+  mln dlrs in funding to invest in oil and gas properties.
+      First City, the big Texas bank hit hardest by the downturn
+  in oil prices, lost a record 402 mln dlrs in fiscal year 1986
+  and has said it is seeking a merger partner or some other
+  capital assistance. The Houston-based bank's nonperforming
+  assets totaled 897.1 mln dlrs at yearend, up from 563.1 mln
+  dlrs at the end of 1985
+      Analysts have said no buyer is likely to be interested in
+  the troubled bank unless government assistance is available.
+      "Their problems are not just limited to energy. They have a
+  substantial portfolio in real estate. This sale in and of
+  itself won't make the company look better to a potential
+  buyer," said Ray Archibold, a banking analyst with McCarthy,
+  Crisanti and Maffei Inc.
+      "It does reduce the bank's exposure in energy loans and 54
+  mln dlrs is a substantial amount," Archibold said, "but the
+  deal represents only about four pct of their energy loans."
+      Of First City's total loan portfolio of 9.9 mln dlrs, about
+  14 pct or 1.4 billion dlrs were made to energy producers or
+  suppliers, analysts said. Its record losses have been caused by
+  its past status as one of the nation's top lenders to oil and
+  gas producers and suppliers during the boom days of the late
+  1970s and early 1980s.
+      First City said about half of the loans sold to Prudential
+  came from its Energy Finance Co., an entity formed in 1982 to
+  loan money to "more venturesome" oil borrowers that promised a
+  higher potential return. The other half of the loans were from
+  First City's lead bank in Houston.
+      Chris Kotowski, an analyst with Oppenheimer and Co., said
+  the sale of the package of energy loans was the first
+  encouraging news from First City in months.
+      "It's not going to solve all of First City's problems but
+  it's a good transaction for them. It may be possible for them
+  to sell additional loans," Kotowski said. "Prudential can fund
+  these things more cheaply than First City and there's an
+  incentive to invest in troubled energy companies right now as
+  values are depressed"
+      In a statement, First City chairman J.A. Elkins said the
+  bank's strategy was to reduce the proportion of energy loans to
+  total loans. "This move, which we believe is the first
+  transaction of its kind, helps us further, and we were able to
+  make it without suffering a loss."
+  
+
diff --git a/reuters/training/7743 b/reuters/training/7743
new file mode 100644
index 0000000000000000000000000000000000000000..06ecb5fed593a703a7df5c90ef091808e59c46d1
--- /dev/null
+++ b/reuters/training/7743
@@ -0,0 +1,5 @@
+SUNSHINE MINING CO 4TH QTR SHR LOSS 64 CTS VS LOSS 57 CTS
+
+  SUNSHINE MINING CO 4TH QTR SHR LOSS 64 CTS VS LOSS 57 CTS
+  
+
diff --git a/reuters/training/7744 b/reuters/training/7744
new file mode 100644
index 0000000000000000000000000000000000000000..f2a92cecbb0e4343e1db1e2f5abb602f3e598a2d
--- /dev/null
+++ b/reuters/training/7744
@@ -0,0 +1,3 @@
+20-MAR-1987
+  20-MAR-1987
+
diff --git a/reuters/training/7746 b/reuters/training/7746
new file mode 100644
index 0000000000000000000000000000000000000000..69b7857e05a82119ebf854cdd35d643bee36c28a
--- /dev/null
+++ b/reuters/training/7746
@@ -0,0 +1,6 @@
+GRACO INC <GGG> VOTES QUARTERLY DIVIDEND
+  Qtly div 15 cts vs 15 cts prior qtr
+      Pay 6 May
+      Record 8 April
+  
+
diff --git a/reuters/training/7747 b/reuters/training/7747
new file mode 100644
index 0000000000000000000000000000000000000000..cb0d61d14c62065bfebe3f79adefc3c4fe8d0251
--- /dev/null
+++ b/reuters/training/7747
@@ -0,0 +1,27 @@
+AUDIO/VIDEO <AVA> SUES OVER CYCLOPS <CYL> BID
+  Audio/Video Affiliates Inc said it
+  has filed suit against <Dixons Group PLC>, Cyclops Corp,
+  Alleghany Corp <Y> and others in connection with Dixons'
+  recently completed tender offer in which it raised its
+  ownership of Cyclops to 56 pct.
+      The company said the suit, filed in U.S. District Court for
+  the Southern District of Ohio, seeks a temporary restraining
+  order and preliminary injunction requiring Dixons, for 10
+  business days, to permit any Cyclops shareholder who previously
+  tendered and now wishes to withdraw to do so.
+      The company said the order and injunction would also
+  prohibit Dixons from exercising a "lockup" option granted it by
+  Cyclops and prohibit Dixons for 10 business days from
+  attempting to exercise any control over Cyclops.
+      Audio/Video said the suit also requests the court to order
+  Cyclops to immediately provide to all potential bidders for
+  Cyclops all information given to Dixons.
+      Audio/Video and Citicorp <CCI> have been tendering for all
+  Cyclops shares in a competing offer at 80.00 dlrs per share but
+  said it could raise its bid to 92.50 dlrs under certain
+  circumstances.  Dixons offered 90.25 dlrs in its tender.
+      In February Alleghany agreed to buy Cyclops' steel and
+  nonresidential construction business for 111.6 mln dlrs in cash
+  and the assumption of liabilities.
+  
+
diff --git a/reuters/training/7749 b/reuters/training/7749
new file mode 100644
index 0000000000000000000000000000000000000000..a6667d825575ec5805ac84827d146438033c6454
--- /dev/null
+++ b/reuters/training/7749
@@ -0,0 +1,14 @@
+DIXONS SAYS SEC MOVING ON CYCLOPS <CYL> TENDER
+  <Dixons Group PLC> said the 
+  Securities and Exchange Commission has authorized, but not
+  commenced, the filing of an action against it concerning its
+  waiver of a condition in its tender offer for Cyclops Corp.
+      Dixons has offered to buy about 80 pct of Cyclops shares.
+  The SEC action deals with a waiver by Dixons of a condition in
+  the tender offer which was made without an appropriate
+  extension of the offer, Dixons said.
+      Dixons also said it is currently discussing the matter with
+  the SEC. The SEC has a standing policy of never confirming
+  or denying investigations or upcoming legal action.
+  
+
diff --git a/reuters/training/7752 b/reuters/training/7752
new file mode 100644
index 0000000000000000000000000000000000000000..d2eb7d6e539e3f088f23c4cb5035afc58b0f6983
--- /dev/null
+++ b/reuters/training/7752
@@ -0,0 +1,21 @@
+SUNSHINE MINING CO <SSC> 4TH QTR LOSS
+  Shr loss 64 cts vs loss 57 cts
+      Net loss 34.9 mln vs loss 22.1 mln
+      Revs 31.5 mln vs 60.2 mln
+      Avg shrs 60.1 mln vs 45.2 mln
+      Year
+      Shr loss 2.27 dlrs vs loss 1.66 dlrs
+      Net loss 103.2 mln vs loss 57.6 mln
+      Revs 129.8 mln vs 169.5 mln
+      Avg shrs 51.2 mln vs 38.1 mln
+      NOTE: Per share results after preferred dividend
+  requirements of 3.3 mln dlrs vs 3.5 mln dlrs in quarter and
+  12.9 mln dlrs vs 5.7 mln dlrs in year
+      1986 4th qtr loss includes accruals, writedowns and
+  non-recurring charges aggregating 13.9 mln dlrs including costs
+  anticipated in 1987 for the reopening of the Sunshine Mine and
+  a writedown of the capitalized costs at the Sixteen-to-One Mine
+  by 4.2 mln dlrs
+      1986 year loss includes charges totaling 100 mln dlrs
+  
+
diff --git a/reuters/training/7755 b/reuters/training/7755
new file mode 100644
index 0000000000000000000000000000000000000000..e920557703fd6633aad9d1dc04d36fc90d9acd38
--- /dev/null
+++ b/reuters/training/7755
@@ -0,0 +1,8 @@
+SCAT HOVERCRAFT INC <SCAT> YEAR LOSS
+  Shr loss not given
+      Net loss 1,300,000
+      Sales 3,300,000
+      NOTE: Company incorporated in June 1985.
+      Fourth quarter loss 895,000 dlrs.
+  
+
diff --git a/reuters/training/7757 b/reuters/training/7757
new file mode 100644
index 0000000000000000000000000000000000000000..51ed43be273669d37e629dfc80e7cf7cad9fb0cb
--- /dev/null
+++ b/reuters/training/7757
@@ -0,0 +1,9 @@
+NESTLE SA <NESZ.Z> YEAR 1986
+  Div 145 Swiss francs per share and 29 francs per
+  participation certificate (unchanged)
+      Net 1.79 billion vs 1.75 billion
+      Shr 526 vs 515
+      Turnover 38.05 billion vs 42.23 billion
+      Addition to reserves 170 mln vs 95 mln.
+  
+
diff --git a/reuters/training/776 b/reuters/training/776
new file mode 100644
index 0000000000000000000000000000000000000000..a8a992e217c8713b1ac25a040b7ea16c008c4d7e
--- /dev/null
+++ b/reuters/training/776
@@ -0,0 +1,6 @@
+PEOPLES BANCORPORATION <PEOP> QUARTERLY DIVIDEND
+  Qtly div 25 cts vs 25 cts
+      Pay April 24
+      Record March 31
+  
+
diff --git a/reuters/training/7761 b/reuters/training/7761
new file mode 100644
index 0000000000000000000000000000000000000000..6385fd627058a4382ec0f9dd5c05407f5c75795a
--- /dev/null
+++ b/reuters/training/7761
@@ -0,0 +1,6 @@
+SOUTHEAST BANKING CORP <STB> SETS QUARTERLY
+  Qtly div 22 cts vs 22 cts prior
+      Pay April 10
+      Record March 30
+  
+
diff --git a/reuters/training/7762 b/reuters/training/7762
new file mode 100644
index 0000000000000000000000000000000000000000..40266a1a5b8c487d4ea5b063e3a381b86c18afe9
--- /dev/null
+++ b/reuters/training/7762
@@ -0,0 +1,13 @@
+BALANCE COMPUTER CORP 3RD QTR JAN 31 LOSS
+  Shr loss one ct vs profit five cts
+      Net loss 34,496 vs profit 207,165
+      Rev 102,691 vs 297,813
+      Nine months
+      Shr profit one ct vs profit five cts
+      Net profit 69,018 vs profit 230,188
+      Rev 641,823 vs 666,319
+      NOTE: The company was delisted from the NASDAQ in November
+  1985. Third qtr 1986 net includes extraordinary credit of
+  76,400 dlrs, or four cts a share.
+  
+
diff --git a/reuters/training/7763 b/reuters/training/7763
new file mode 100644
index 0000000000000000000000000000000000000000..f916a7a20f7d4512036bfd8c0a438a31ccf9c1c7
--- /dev/null
+++ b/reuters/training/7763
@@ -0,0 +1,19 @@
+RECOMMENDATION REITERATED ON WANG LABS <WANB>
+  Analyst Thomas McCrann of Merrill
+  Lynch said he reiterated a "buy" recommendation of Wang
+  Laboratories Inc, noting that a successful cost cutting
+  campaign could reduce the earnings loss expected for the third
+  quarter ending in March.
+      Wang was the most actively traded stock on the American
+  Stock Exchange, rising 3/4 to 16-5/8.
+      McCrann said that "Wang is a little bit ahead of where they
+  were expected to be in their cost reductions, and as a result,
+  the odds have increased that the loss for the quarter will be
+  less than had been expected."
+      McCrann said he expects Wang to report break even earnings
+  per share or only a small loss per share for the third quarter.
+      He said for the year, however, the company should report a
+  loss of about 50 cts a share compared with earnings of about 35
+  cts a share a year ago.
+  
+
diff --git a/reuters/training/7764 b/reuters/training/7764
new file mode 100644
index 0000000000000000000000000000000000000000..f6db152e6362d8fc0d947ef6a5c6a1f3cb216753
--- /dev/null
+++ b/reuters/training/7764
@@ -0,0 +1,5 @@
+FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
+
+  FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
+  
+
diff --git a/reuters/training/7765 b/reuters/training/7765
new file mode 100644
index 0000000000000000000000000000000000000000..a2362f852275bac6f3ff6db56a24df3539f2514a
--- /dev/null
+++ b/reuters/training/7765
@@ -0,0 +1,44 @@
+JAPAN, BRITAIN DISAGREE ON TELECOM MERGER
+  Cable and Wireless Plc <CAWL.L> is
+  resisting attempts to merge two Japan-based telecommunications
+  firms in the hope that overseas political pressure will force a
+  change in those plans, a company executive said.
+      Cable and Wireless, which holds a 20 pct stake in one of
+  the two Japanese firms, is opposed to plans to reduce its share
+  to three pct in the merged firm, director of corporate strategy
+  Jonathan Solomon told reporters.
+      That plan, put forward by a senior member of the powerful
+  business organization Keidanren with the tacit backing of the
+  Post and Telecommunications Ministry, has caused a storm of
+  protest from abroad that Japan is seeking to exclude foreign
+  firms from a meaningful position in the market.
+      Pacific Telesis Group <PAC.N> of the United States also
+  holds a 20 pct stake in one of the newly formed consortia,
+  <International Digital Communications Inc> (IDC).
+      Solomon said that both British Prime Minister Margaret
+  Thatcher and U.S. Secretary of State George Schultz have
+  written to the Japanese government about the planned merger.
+      A key U.S. Senate committee, Commerce Secretary Malcolm
+  Baldrige and Trade Representative Clayton Yeutter have also
+  expressed opposition to the merger, he said.
+      The Post and Telecomunications Ministry reiterated again
+  that it sees no need for two competitors to <Kokusai Denshin
+  Denwa Co Ltd>, which holds a monopoly on international calls
+  from Japan. The ministry has also suggested that foreign
+  shareholders not hold managerial positions in the new firm.
+      In an attempt to hammer out an agreement, Solomon today met
+  Fumio Watanabe, the senior Keidanren officer trying to arrange
+  the merger. But the two sides remained deadlocked.
+      At stake is C and W's 400 mln dlr project to lay fibre
+  optic cables between Japan and Alaska, to form part of its
+  global network.
+      "C and W wants to start right away on the project, such as
+  application and other procedures," said Watanabe, who is also
+  chairman of <Tokio Marine and Fire Insurance Inc>. The Japanese
+  side is saying that the decision on such a plan should be left
+  with the new firm, after the merger.
+      "These decisions (on the merger) were made in consideration
+  of Japan's economic conditions and legal systems. I told him we
+  are not a colony or something," said Watanabe.
+  
+
diff --git a/reuters/training/7766 b/reuters/training/7766
new file mode 100644
index 0000000000000000000000000000000000000000..8a12e55ca7a66ec27aa5812ed7234c0b584e7f28
--- /dev/null
+++ b/reuters/training/7766
@@ -0,0 +1,7 @@
+WINTHROP INSURED MORTGAGE II <WMI> SETS PAYOUT
+  Qtly div 35 cts vs 35 cts prior
+      Pay April 15
+      Record March 31
+      NOTE: Winthrop Insured Mortgage Investors II.
+  
+
diff --git a/reuters/training/7767 b/reuters/training/7767
new file mode 100644
index 0000000000000000000000000000000000000000..3f5b28aa9671ddb9c01d6fe9990e956994a2dab9
--- /dev/null
+++ b/reuters/training/7767
@@ -0,0 +1,43 @@
+GERMAN MONEY SUPPLY GROWTH SLOWS IN FEBRUARY
+  West Germany's money supply growth
+  slowed in February after January's sharp rise but the trend is
+  still definitely upward, the Bundesbank said in a statement.
+      Growth in the traditionally broad M3 aggregate was only
+  moderate in February. While cash in circulation, deposits with
+  statutory withdrawal notice and sight deposits grew sharply,
+  short-term time deposits fell after expanding unusually
+  strongly in January.
+      In the six months to February, M3, which excludes holdings
+  of German non-banks abroad, grew at a seasonally adjusted
+  annual rate of 8.5 pct after 9.8 in the six months to January.
+      Compared with February 1986, M3 rose 7-1/2 pct.
+      In the six months to February, M2, which excludes time
+  deposits with statutory withdrawal notice, rose at a seasonally
+  adjusted annual rate of 8.8 pct and M1, which consists of cash
+  and sight deposits, rose seven pct.
+      International transactions of non-banks again led to a
+  significant inflow of funds, the Bundesbank said.
+      Net claims of commercial banks and the Bundesbank against
+  foreigners, refecting these foreign payments, increased by 9.1
+  billion marks in February, little changed from January's rise.
+      But in contrast to January, the dampening effect of the
+  inflow on domestic credit demand outweighed the expansionary
+  effect on money growth, the Bundesbank said.
+      Outstanding bank credits to companies and private
+  individuals remained virtually unchanged in February.
+      A sharp drop in short-term company credits, which reflected
+  the foreign funds inflow, was balanced by a moderate rise in
+  long-term credits and a sharp rise in credits for securities.
+      At the end of February total bank credits to the private
+  sector were 4-1/2 pct above the February 1986 level.
+      The effect of public authority cash movements on the money
+  supply was slightly expansive, the Bundesbank said.
+      Although banks acquired large amounts of public authority
+  paper, public authorities drew down book credits at commercial
+  banks and the Bundesbank.
+      Capital formation strengthened in February and slowed money
+  supply growth to a larger extent than in January.
+      A total of 7.7 billion marks in long-term funds was placed
+  with banks after 6.6 billion the previous month.
+  
+
diff --git a/reuters/training/7768 b/reuters/training/7768
new file mode 100644
index 0000000000000000000000000000000000000000..d49d7d3d46a1095623adbca6d068422c49e8f47e
--- /dev/null
+++ b/reuters/training/7768
@@ -0,0 +1,6 @@
+ENTEX ENERGY DEVELOPMENT LTD <EED> SETS PAYOUT
+  Qtly div 15 cts vs 15 cts prior
+      Pay May 29
+      Record March 31
+  
+
diff --git a/reuters/training/7769 b/reuters/training/7769
new file mode 100644
index 0000000000000000000000000000000000000000..83c68c7f3c6931f041250928dbd40e2e25483fbb
--- /dev/null
+++ b/reuters/training/7769
@@ -0,0 +1,9 @@
+FED ADDS RESERVES VIA CUSTOMER REPURCHASES
+  The Federal Reserve entered the U.S.
+  Government securities market to arrange 1.5 billion dlrs of
+  customer repurchase agreements, a Fed spokesman said.
+      Dealers said Federal funds were trading at 6-1/16 pct when
+  the Fed began its temporary and indirect supply of reserves to
+  the banking system.
+  
+
diff --git a/reuters/training/7771 b/reuters/training/7771
new file mode 100644
index 0000000000000000000000000000000000000000..94008d4abd81802c47f207b85f03d12ab281f286
--- /dev/null
+++ b/reuters/training/7771
@@ -0,0 +1,35 @@
+ EC SAYS U.S. BROKE TRADE RULES IN AKZO-DUPONT ROW
+  The European Community Commission has
+  charged the United States with breaking international trade
+  rules by excluding Dutch-made fibres from the U.S. Market and
+  said it would take the issue to the world trade body GATT.
+      In the latest of a series of trade disputes with
+  Washington, the executive authority alleged that a section of
+  the U.S. Tariff Act was incompatible with the GATT (General
+  Agreement on Tariffs and Trade) because it discriminated
+  against imported products in favour of domestically-produced
+  goods.
+      The Commission said it would ask Geneva-based GATT to rule
+  on whether the section in question, which officials said had
+  proved a barrier to many EC exporters, conformed to its rules.
+      Commission officials did not rule out retaliatory measures
+  if, after a GATT decision against it, Washington failed to
+  bring the disputed section into line with international rules.
+      The executive's decision to go to GATT follows a complaint
+  to it by the Dutch company Akzo <AKZO.AS>, whose "aramid"
+  synthetic fibres have been banned from the U.S. Market because
+  of charges by the U.S. Firm <Dupont> that the fibres violate
+  the American company's patents.
+      Akzo alleged that the ban, imposed by the U.S.
+  International Trade Commission (ITC), was discriminatory and
+  incompatible with GATT provisions.
+      The dispute centres on the fact that section 337 of the
+  U.S. Tariff Act gives the ITC jurisdiction  over imported
+  products. The EC Commission charged that EC producers did not
+  have the same possibilities for defending themselves before the
+  ITC as they would have in a normal U.S. Court.
+      "Consequently the procedure followed...Is less favourable
+  than that which takes places in normal courts of law for goods
+  produced in the United States," it said in a statement.
+  
+
diff --git a/reuters/training/7773 b/reuters/training/7773
new file mode 100644
index 0000000000000000000000000000000000000000..3becae8bc3f56ec7eb7c11b7a96f7613682e345a
--- /dev/null
+++ b/reuters/training/7773
@@ -0,0 +1,5 @@
+U.S. AGENCY TO ALLOW U.S. AIR TO BUY 51 PCT OF PIEDMONT PENDING FINAL OKAY OF MERGER
+
+  U.S. AGENCY TO ALLOW U.S. AIR TO BUY 51 PCT OF PIEDMONT PENDING FINAL OKAY OF MERGER
+  
+
diff --git a/reuters/training/7774 b/reuters/training/7774
new file mode 100644
index 0000000000000000000000000000000000000000..e57fd94bbc268098057857ed6465315c7a20ba43
--- /dev/null
+++ b/reuters/training/7774
@@ -0,0 +1,10 @@
+FINAL TEST INC <FNLT> 4TH QTR LOSS
+  Shr loss six cts vs loss 88 cts
+      Net loss 128,141 vs loss 1,298,377
+      Sales 1,332,218 vs 385,146
+      Year
+      Shr profit six cts vs loss 1.47 dlrs
+      Net profit 120,571 vs loss 2,171,011
+      Sales 4,617,034 vs 2,959,141
+  
+
diff --git a/reuters/training/7775 b/reuters/training/7775
new file mode 100644
index 0000000000000000000000000000000000000000..0838d6d7f1446b2ee556dcef73eae30a0f7bc51e
--- /dev/null
+++ b/reuters/training/7775
@@ -0,0 +1,36 @@
+HOUSTON METALS' MINE YIELDS POSITIVE RESULTS
+  <Houston Metals Corp> said the
+  the first phase of the underground rehabilitation, extensive
+  drilling and bulk sampling program at its Silver Queen Mine has
+  yielded positive results.
+      Houston said representative assays from the 2,750 ft and
+  2,600 ft levels at the south end of the mine established ore
+  deposits in the following ranges: copper, 3.7 pct to 5.08 pct,
+  lead .99 pct to 1.5 pct, zinc six pct to 9.6 pct, silver 15.63
+  pct to 79.92 oz per ton, gold .062 to .19 oz per ton, germanium
+  93 to 103 grams per ton, gallium five to 18 grams per ton.
+      In addition, Houston Metals said the weighted average of 25
+  diamond-drilled holes 375 ft below the 2,600 foot level and 800
+  ft along the strike assayed gold at .237 oz per ton, silver at
+  10.91 oz per ton and zinc at 8.99 pct.
+      An apparent parallel vein structure at the 2,600 ft level
+  returned similar values, the company said.
+      It added that preliminary metallurgical tests from
+  representative bulk ore samples indicate the commercial
+  feasability of producing a zinc and a copper-lead concentrate.
+      Houston Metals said gold, silver and the base metals have
+  recoveries of 90 pct to 95 pct, with 95 pct of gold recovered
+  from better gold ores, while gallium, germanium and indium have
+  recoveries of between 66 pct to 82 pct and are included in the
+  zinc concentrate.
+      The company's 1987 program of diamond drilling, underground
+  drifting and metallurgical evaluation is scheduled to start on
+  April.
+      Houston Metals said it has a 60 pct interest in the Silver
+  Queen mines.
+      It added that funds for the program have been provided by
+  First Exploration Fund, a Canadian limited partnership
+  sponsored by Merrill Lynch Canada Inc and Dominion Securities
+  Inc.
+  
+
diff --git a/reuters/training/7776 b/reuters/training/7776
new file mode 100644
index 0000000000000000000000000000000000000000..30119b78c8a418d4244c8ed620a7d7e5ab9959fa
--- /dev/null
+++ b/reuters/training/7776
@@ -0,0 +1,6 @@
+MICHIGAN NATIONAL CORP <MNCO> VOTES DIVIDEND
+  Qtly div 30 cts vs 30 cts prior qtr
+      Pay 15 April
+      Record 1 April
+  
+
diff --git a/reuters/training/778 b/reuters/training/778
new file mode 100644
index 0000000000000000000000000000000000000000..025a52e26f89f9e2cc40c035e76ad24a4934dc27
--- /dev/null
+++ b/reuters/training/778
@@ -0,0 +1,12 @@
+CPL REIT <CNTRS> 4TH QTR NET
+  Shr 24 cts
+      Net 412,737
+      Revs 605,321
+      Year
+      Shr 93 cts
+      Net 1,577,892
+      Revs 2,345,261
+      NOTE: Full name CPL Real Estate Investment Trust.
+      Company was formed Dec 30, 1985.
+  
+
diff --git a/reuters/training/7782 b/reuters/training/7782
new file mode 100644
index 0000000000000000000000000000000000000000..3d0df929acbe4d35b5471a066bdd375df6ae875b
--- /dev/null
+++ b/reuters/training/7782
@@ -0,0 +1,7 @@
+AUTOCLAVE ENGINEERS INC <ACLV> QTLY DIVIDEND
+  Qtly div four cts vs four cts prior
+      Pay April 15
+      Record March 31
+  .
+  
+
diff --git a/reuters/training/7784 b/reuters/training/7784
new file mode 100644
index 0000000000000000000000000000000000000000..c982fd66415883b4a52452b62024540baec34c4d
--- /dev/null
+++ b/reuters/training/7784
@@ -0,0 +1,5 @@
+WASTE MANAGEMENT AMENDS CHEMLAWN OFFER, RAISING IT TO 35 DLRS A SHARE FROM 33 DLRS
+
+  WASTE MANAGEMENT AMENDS CHEMLAWN OFFER, RAISING IT TO 35 DLRS A SHARE FROM 33 DLRS
+  
+
diff --git a/reuters/training/7785 b/reuters/training/7785
new file mode 100644
index 0000000000000000000000000000000000000000..ecd60bf2cb8057041ac512bd37ef1adfc79e3574
--- /dev/null
+++ b/reuters/training/7785
@@ -0,0 +1,5 @@
+AMERICAN MOTORS SAID DIRECTORS TOOK NO ACTION ON CHRYSLER PROPOSAL, POSTPONES ANNUAL MEETING
+
+  AMERICAN MOTORS SAID DIRECTORS TOOK NO ACTION ON CHRYSLER PROPOSAL, POSTPONES ANNUAL MEETING
+  
+
diff --git a/reuters/training/7789 b/reuters/training/7789
new file mode 100644
index 0000000000000000000000000000000000000000..eeb0276f2331b9d45e13d42943ba0cbf8dda36fd
--- /dev/null
+++ b/reuters/training/7789
@@ -0,0 +1,16 @@
+WASTE MANAGEMENT<WMX> HIKES CHEMLAWN <CHEM> BID
+  Waste Management Inc said it
+  amended its offer to buy the outstanding shares of ChemLawn
+  Corp to 35 dlrs a share.
+      On Thursday the company said it was prepared to bid 33 dlrs
+  a share, up from its original 27 dlrs a share offer.
+      As a result of the price increase, made through Waste
+  Management's wholly owned subsidiary, WMX Acquisition Corp, the
+  offer has been extended and the withdrawal rights will not
+  expire at midnight EDT April Two, unless further extended.
+      Waste Management also said it amended its offer to provide
+  that the tender offer price will not be reduced by ChemLawn's
+  10 cts a share dividend payable to holders of record April 1,
+  1987.
+  
+
diff --git a/reuters/training/7790 b/reuters/training/7790
new file mode 100644
index 0000000000000000000000000000000000000000..4201dc5ef5889626650552dc0747b414c4c65b61
--- /dev/null
+++ b/reuters/training/7790
@@ -0,0 +1,10 @@
+ENTEX ENERGY DEVELOPMENT LTD <EED> YEAR LOSS
+  Unit loss 4.36 dlrs vs loss 4.27 dlrs
+      Net loss 37.4 mln vs 32.9 mln
+      Revs 19.3 mln vs 30.3 mln
+      Avg units 8,413,000 vs 7,557,000
+      Note: Net includes writedown of oil and gas properties of
+  21.0 ln dlrs vs 16.5 mln dlrs and writedown of geothermal
+  property of 10.4 mln dlrs vs 10.5 mln dlrs.
+  
+
diff --git a/reuters/training/7791 b/reuters/training/7791
new file mode 100644
index 0000000000000000000000000000000000000000..c7e228dcf332875c5297a0f881a5f0716cf6145f
--- /dev/null
+++ b/reuters/training/7791
@@ -0,0 +1,24 @@
+U.S. SAYS USAIR <U> MAY BUY 51 PCT OF PIEDMONT
+  The Department of Transportation
+  said it will allow USAIR Group to acquire up to 51 pct of
+  Piedmont Aviation <PIE> voting stocks pending final approval of
+  the proposed merger of the two airlines.
+      The agency said the stock would have to be held in a voting
+  trust controlled by an independent trustee.
+      An agency spokesman said that if USAIR, which has proposed
+  to buy all of Piedmont shares, controls more than 51 pct of the
+  firm's outstanding stock, it will have one week to sell those
+  excess shares.
+      USAIR asked the Department of Transporation earlier this
+  month to approve a voting trust.
+      An agency spokesman said this is a device that airlines use
+  to get majority control of a company it is trying to acquire
+  while their application before the government is pending
+  approval.
+      The spokesman said the firm had asked the transporation
+  agency permission to buy all of Piedmont's voting stock, the
+  but agency decided to give approval for 51 pct of shares.
+      The spokesman said agency action on the proposed merger
+  application could take as long as six months.
+  
+
diff --git a/reuters/training/7792 b/reuters/training/7792
new file mode 100644
index 0000000000000000000000000000000000000000..8fcf8d7137d8d39ba947b5e4102abd4c85e9683e
--- /dev/null
+++ b/reuters/training/7792
@@ -0,0 +1,47 @@
+USDA NOT PLANNING ANY MAJOR PRICING CHANGES
+  The Agriculture Department is not
+  considering any major changes in its pricing system for posted
+  county prices, an Agriculture Department offical said.
+      "We do not have current plans to make any major adjustments
+  or changes in our pricing," said Bob Sindt, USDA assistant
+  deputy administrator for commodity operations.
+      U.S. grain traders and merchandisers said earlier this week
+  USDA might act soon to reduce the cash corn price premium at
+  the Gulf versus interior price levels by dropping ASCS posted
+  prices to encourage interior PIK and roll movement.
+      But Sindt denied USDA is planning any such changes.
+      "If people are suggesting that we are going to make
+  wholesale changes in pricing, we are not considering this," he
+  said.
+      Sindt, however, did not rule out the possiblity of
+  implementing more minor changes in its pricing system.
+      "We are continually monitoring the whole nationwide
+  structure to maintain its accuracy," he said. "If we become
+  convinced that we need to make a change, then appropriate
+  adjustments will be made."
+      Sindt acknowledged that concern has been voiced that USDA's
+  price differentials between the New Orleans Gulf and interior
+  markets are not accurate because of higher than normal barge
+  freight rates.
+      He said commodity operations deputy administrator Ralph
+  Klopfenstein is currently in the midwest on a speaking tour and
+  will meet with ASCS oficials in Kansas City next week.
+      Sindt said a number of issues will be discussed at that
+  meeting, including the current concern over the gulf corn
+  premiums.
+      He defended the USDA differentials, saying that these price
+  margins reflect an average of prices throughout the year and
+  that seasonal factors will normally cause prices to increase or
+  decrease.
+      The USDA official also said that only those counties that
+  use the Gulf to price grain are being currently affected by the
+  high barge freight tariffs and increased gulf prices.
+      When asked if the USDA emergency storage program which
+  allows grain to be stored in barges was taking up barge space
+  and accounting for the higher freight rates, Sindt discounted
+  the idea.
+      He said USDA has grain left in only about 250 barges and
+  that, under provisions of the program, these all have to be
+  emptied by the end of March.
+  
+
diff --git a/reuters/training/7795 b/reuters/training/7795
new file mode 100644
index 0000000000000000000000000000000000000000..31d32919a2e390eeac9fc3b71b26a3e929938eb1
--- /dev/null
+++ b/reuters/training/7795
@@ -0,0 +1,5 @@
+AFFILIATED PUBLICATIONS TO BUY BILLBOARD PUBLICATIONS  FOR 100 MLN DLRS
+
+  AFFILIATED PUBLICATIONS TO BUY BILLBOARD PUBLICATIONS  FOR 100 MLN DLRS
+  
+
diff --git a/reuters/training/7796 b/reuters/training/7796
new file mode 100644
index 0000000000000000000000000000000000000000..d908980e680a5d313c8fd1e5d62441689ad52c43
--- /dev/null
+++ b/reuters/training/7796
@@ -0,0 +1,23 @@
+AMC <AMO> TAKES NO ACTION ON CHRYSLER <C> BID
+  American Motors Corp said its directors
+  reviewed a Chrysler Corp merger proposal but took no action on
+  it.
+      The company said its directors met in New York today at a
+  regularly scheduled meeting. The board's review is continuing
+  with the company's independent legal and financial advisers,
+  American Motors said in a statement issued from New York.
+      American Motors' board voted to postpone its annual
+  shareholders meeting scheduled for April 29 in Southfield,
+  Michigan.
+      The next regularly scheduled meeting of American Motors
+  board will be April 29, although it is expected that directors
+  will meet again prior to that date, according to the statement.
+      Early last week, Chrysler said it agreed to buy the 46.1
+  pct interest owned by Regie Nationale des Usines Renault in
+  American Motors and acquire the balance of American Motors in a
+  transaction valued at 1.11 billion dlrs.
+      Later that week, AMC said it had retained financial and
+  legal advisers and expected to meet periodiocally over the next
+  several weeks to consider the proposal.
+  
+
diff --git a/reuters/training/7797 b/reuters/training/7797
new file mode 100644
index 0000000000000000000000000000000000000000..230f509339d4acabc2e933ad47bdc4d76b7fd797
--- /dev/null
+++ b/reuters/training/7797
@@ -0,0 +1,24 @@
+NESTLE SEEKING AUTHORISATION FOR CERTIFICATE ISSUE
+  Nestle SA <NESZ.Z> said it
+  would seek shareholder approval to issue participation
+  certificates up to 20 pct of share capital, instead of the
+  current limit of 10 pct.
+      It said it wanted this authorisation in view of future
+  certificate issues. Nestle's nominal capital amounts to 330 mln
+  Swiss francs.
+      Nestle reported net profits of 1.79 billion francs for
+  1986, up 2.2 pct from 1985, while turnover fell 9.9 pct to
+  38.05 billion as the Swiss franc strengthened against other
+  currencies.
+      The parent company's net profit rose to 666.6 mln francs
+  from 592.9 mln in 1985, and the company planned an unchanged
+  dividend of 145 francs per share and 29 francs per certificate
+  after placing 170 mln francs in reserves, against 95 mln last
+  year.
+      The payout represented 27.6 pct of group net profit,
+  against 28.2 pct last year.
+      Nestle said it had also invited Fritz Leutwiler, former
+  president of the Swiss National Bank and currently chairman of
+  BBC AG Brown Boveri und Cie <BBCZ.Z>, to join the Nestle board.
+  
+
diff --git a/reuters/training/78 b/reuters/training/78
new file mode 100644
index 0000000000000000000000000000000000000000..0b3961e69a45f17bdf9f50f63443bc8e865a256f
--- /dev/null
+++ b/reuters/training/78
@@ -0,0 +1,5 @@
+NEW YORK BANK DISCOUNT WINDOW BORROWINGS 64 MLN DLRS IN FEB 25 WEEK
+
+  NEW YORK BANK DISCOUNT WINDOW BORROWINGS 64 MLN DLRS IN FEB 25 WEEK
+  
+
diff --git a/reuters/training/780 b/reuters/training/780
new file mode 100644
index 0000000000000000000000000000000000000000..b47b1ade44194ec54aac1820a185d9fe41d1f3d4
--- /dev/null
+++ b/reuters/training/780
@@ -0,0 +1,10 @@
+REPUBLIC AUTOMOTIVE PARTS <RAUT> 4TH QTR LOSS
+  Shr loss 85 cts vs loss 88 cts
+      Net loss 2,410,000 vs loss 2,466,0000
+      Revs 24.0 mln vs 23.9 mln
+      Year
+      Shr loss 1.18 dlrs vs loss 81 cts
+      Net loss 3,338,000 vs loss 2,275,000
+      Revs 101.4 mln vs 112.3 mln
+  
+
diff --git a/reuters/training/7802 b/reuters/training/7802
new file mode 100644
index 0000000000000000000000000000000000000000..53f422be61fa7a47a08ac34831a006982ecb91ca
--- /dev/null
+++ b/reuters/training/7802
@@ -0,0 +1,37 @@
+GATT TO DEBATE U.S. CHARGES OF AIRBUS SUBSIDIES
+  The U.S. Will pursue its complaint that
+  European governments unfairly subsidise the Airbus Industrie
+  aircraft consortium in proceedings at the GATT civil aircraft
+  committee, a GATT spokesman said today.
+      The U.S. Presented its case for the first time to the
+  aircraft committee of the General Agreement on Tariffs and
+  Trade (GATT) during a special two-day session ending today.
+  GATT rules cover some 80 pct of world commerce.
+      The 20-member committee agreed to open debate on the U.S.
+  Complaint, starting with informal consultations and then
+  holding a special session in July, trade officials said.
+      "The tension has eased," the permanent trade ambassador of
+  the 12-member European Community Tran Van Thinh told reporters.
+  "The U.S. Has decided to go through proper channels."
+      U.S. Trade officials again made clear their anger over what
+  they call unfair government support for Airbus, voiced during a
+  visit to European capitals in February.
+      In a letter calling for the special committee meeting,
+  Washington charged France, West Germany, the U.K., Spain and
+  the EC Commission with unfair practices on behalf of Airbus.
+      The U.S. Charges that the Europeans are violating rules
+  laid down in the 1979 Agreement on Trade in Civil Aircraft.
+      Washington presented its reading of rules on inducement to
+  purchase aircraft and support for development of airlines
+  during the special session and asked the committee to confirm
+  its view.
+      Official sources in the delegations said the U.S. Views
+  would be considered during the informal consultations but the
+  Europeans would also be free to bring up any complaints against
+  American civil aircraft practices.
+      Some delegates said the U.S. Position appeared to give such
+  broad interpretation to the rules as to suggest that the civil
+  aircraft accord needed re-negotiating. All these matters would
+  be considered during the informal meetings.
+  
+
diff --git a/reuters/training/7804 b/reuters/training/7804
new file mode 100644
index 0000000000000000000000000000000000000000..c550831b3621bfb21f2235c4628855fdbe303908
--- /dev/null
+++ b/reuters/training/7804
@@ -0,0 +1,35 @@
+LEADING ECONOMISTS CALL FOR MORE GROWTH ABROAD
+  A panel of four leading economists
+  told a congressional hearing today that foreign economies will
+  need to expand to avoid recession as the U.S. trade deficit
+  declines.
+      C. Fred Bergsten, a former senior Treasury Department
+  official, and Robert Solomon of the Brookings Institution told
+  the Senate Foreign Relations Committee, the major exporting
+  countries risk recession if they do not expand because U.S.
+  demand for imports is expected to fall.
+      "They need to beef up domestic demand as their trade
+  surplus falls," or unemployment will keep growing, Bergsten
+  said.
+      Bergsten predicted the U.S. trade deficit, which hit 169
+  billion dlrs last year, will fall 30-40 billion dlrs a year for
+  the next two years as a result of the dollar's 35-40 pct
+  decline since September 1985.
+      The government should intervene to push the dollar down
+  further if the previous declines do not lead to an improvement
+  in the trade picture, if the U.S. budget deficit is not reduced
+  and if foreign expansion does not occur, he added.
+      Solomon said the dollar must fall further to compensate for
+  the huge interest payments required on U.S. foreign debt. The
+  Paris agreement between the major industrialized countries
+  provided only for a pause in its decline, he said.
+      Rimmer de Vries, senior vice president of Morgan Guaranty
+  Trust Co., said the U.S. trade deficit problem is a problem of
+  lagging growth in industrial economies, prolonged currency
+  misalignment, debt problems of the developing countries, and
+  unbalanced growth in the Asian industrializing countries.
+      John Makin of the American Enterprise Institute, suggested
+  foreign tax cuts to increase demand and pick up the slack from
+  the U.S. trade deficit fall.
+  
+
diff --git a/reuters/training/7805 b/reuters/training/7805
new file mode 100644
index 0000000000000000000000000000000000000000..8186aae244156cda9b16dee78b2fa15ae2516272
--- /dev/null
+++ b/reuters/training/7805
@@ -0,0 +1,5 @@
+MONFORT OF COLORADO INC 2ND QTR SHR 1.03 DLRS VS 1.34 DLRS
+
+  MONFORT OF COLORADO INC 2ND QTR SHR 1.03 DLRS VS 1.34 DLRS
+  
+
diff --git a/reuters/training/7807 b/reuters/training/7807
new file mode 100644
index 0000000000000000000000000000000000000000..49ec61b2411313589b6ed2a6dbbd7f104d228895
--- /dev/null
+++ b/reuters/training/7807
@@ -0,0 +1,5 @@
+CANADIAN MONEY SUPPLY M-1 FALLS 1.16 BILLION DLRS IN WEEK, BANK OF CANADA SAID               
+
+  CANADIAN MONEY SUPPLY M-1 FALLS 1.16 BILLION DLRS IN WEEK, BANK OF CANADA SAID               
+  
+
diff --git a/reuters/training/7809 b/reuters/training/7809
new file mode 100644
index 0000000000000000000000000000000000000000..96fb240aaffa1beaa3620a190f20b98d7921d26e
--- /dev/null
+++ b/reuters/training/7809
@@ -0,0 +1,13 @@
+NO FORCE MAJEURE ON LEAD FROM CAPPER PASS
+  U.K. Smelter Capper Pass denied rumours
+  that the company had declared, or was about to declare, force
+  majeure on lead deliveries.
+      This followed trader talk on the London Metal Exchange,
+  LME, after broker bids were made at increased premiums for
+  Capper Pass brand material.
+      Traders said some slight production problems seem to exist
+  but are unlikely to have any impact on the market. Lead values
+  on the LME today were unchanged around 299 stg per tonne for
+  three months delivery after thin business in a one stg range.
+  
+
diff --git a/reuters/training/781 b/reuters/training/781
new file mode 100644
index 0000000000000000000000000000000000000000..580f787d989e63aef5e370d389e0253e94a6011f
--- /dev/null
+++ b/reuters/training/781
@@ -0,0 +1,7 @@
+REALMERICA CO <RACO> YEAR NOV 30 NET
+  Shr profit four cts vs loss 16 cts
+      Net profit 155,383 vs loss 577,336
+      Note: Net includes tax credit of 51,226 dlrs or one ct per
+  share.
+  
+
diff --git a/reuters/training/7810 b/reuters/training/7810
new file mode 100644
index 0000000000000000000000000000000000000000..721bf15f70ceac69e089d7c53f30233f0bf494ad
--- /dev/null
+++ b/reuters/training/7810
@@ -0,0 +1,21 @@
+AFFILIATED PUBLICATIONS <AFP> TO BUY BILLBOARD
+  Affiliated Publications Inc said it
+  agreed to acquire all the outstanding stock of <Billboard
+  Publications Inc> for 100 mln dlrs in cash from a shareholder
+  group led by <Boston Ventures Limited Partnership.>
+      Affiliated, which owns the company that publishes the
+  Boston Globe, said the acquisition will give it a strong
+  position in the growing market for specialty magazines.
+      Under a separate agreement, Affiliated said that certain
+  members of Billboard's management plan to buy up to 10 pct of
+  the equity in Billboard following Affiliated's acquisition of
+  the company.
+      Billboard publishes eight specialty magazines, including
+  Billboard magazine, and 15 annual directories. It also
+  publishes and distributes speciality books under four imprints
+  and operates two book clubs.
+      Affiliated is the parent company of Globe Newspaper Co,
+  publisher of the Boston Globe. It also has interests in
+  cellular telephone and paging services providers.
+  
+
diff --git a/reuters/training/7813 b/reuters/training/7813
new file mode 100644
index 0000000000000000000000000000000000000000..beb6d09f20b05d393bd26519d50193d432420636
--- /dev/null
+++ b/reuters/training/7813
@@ -0,0 +1,10 @@
+FIRM HAS ALLEGHENY INT'L <AG> PREFERRED STAKE
+  Spear, Leeds and Kellogg, a New York
+  brokerage partnership, said it has acquired 136,300 shares of
+  Allegheny International Inc's 11.25 dlr convertible preferred
+  stock, or 7.1 pct of the total outstanding.
+      In a filing with the Securities and Exchange Commission,
+  Spear Leeds said it bought the stake for 11.7 mln dlrs as part
+  of its normal trading activities.
+  
+
diff --git a/reuters/training/7814 b/reuters/training/7814
new file mode 100644
index 0000000000000000000000000000000000000000..6fb54b923596ccd72a995ca9e17bf9707103f82b
--- /dev/null
+++ b/reuters/training/7814
@@ -0,0 +1,8 @@
+WTD INDUSTRIES <WTDI> SAWMILL OFFER REJECTED
+  WTD Industries Inc said its
+  offer to buy the bankrupt Harris Pine sawmill in Pendleton,
+  Oregon was rejected by the bankruptcy court trustee.
+      The company said the bid was rjected in favor of a higher
+  offer.
+  
+
diff --git a/reuters/training/7816 b/reuters/training/7816
new file mode 100644
index 0000000000000000000000000000000000000000..64a8338d7aaa65fa02094ba8437e279182da84be
--- /dev/null
+++ b/reuters/training/7816
@@ -0,0 +1,13 @@
+CELINA <CELNA> SHAREHOLDERS APPROVE SALE
+  Celina Financial Corp said
+  shareholders at a special meeting approved a transaction in
+  which the company transferred its interest in three insurance
+  companies to a wholly owned subsidiary which then sold the
+  three companies to an affiliated subsidiary.
+      It said the company's interests in West Virginia Fire and
+  Casualty Co, Congregation Insurance co and National Term Life
+  Insurance Co had been transferred to First National Indemnity
+  Co, which sold the three to Celina Mutual for cash, an office
+  building and related real estate.
+  
+
diff --git a/reuters/training/7817 b/reuters/training/7817
new file mode 100644
index 0000000000000000000000000000000000000000..504daca57f59fa8b9cd62b2a2dbeb81ea02ad3ac
--- /dev/null
+++ b/reuters/training/7817
@@ -0,0 +1,10 @@
+GROUP HAS 5.1 PCT OF UNICORP AMERICAN <UAC>
+  Two affiliated New York investment
+  firms and an investment advisor told the Securities and
+  Exchange Commission they have acquired 555,057 shares of
+  Unicorp American Corp, or 5.1 pct of the total outstanding.
+      The group, which includes Mutual Shares Corp, said it
+  bought the stake for 5.3 mln dlrs for investment purposes and
+  has no intention of seeking control of Unicorp American.
+  
+
diff --git a/reuters/training/7818 b/reuters/training/7818
new file mode 100644
index 0000000000000000000000000000000000000000..dbbc3f778c4926a4651efb29a0c0b50727d0acb4
--- /dev/null
+++ b/reuters/training/7818
@@ -0,0 +1,14 @@
+CANADIAN MONEY SUPPLY FALLS IN WEEK
+  Canadian narrowly-defined money supply
+  M-1 fell 1.16 billion dlrs to 32.94 billion dlrs in week ended
+  March 11, Bank of Canada said.
+      M-1-A, which is M-1 plus daily interest chequable and
+  non-personal deposits, fell 1.31 billion dlrs to 75.39 billion
+  dlrs and M-2, which is M-1-A plus other notice and personal
+  fixed-term deposit fell 1.01 billion dlrs to 177.70 billion
+  dlrs.
+      M-3, which is non-personal fixed term deposits and foreign
+  currency deposits of residents booked at chartered banks in
+  Canada, fell 1.29 billion dlrs to 216.33 billion dlrs.
+  
+
diff --git a/reuters/training/7819 b/reuters/training/7819
new file mode 100644
index 0000000000000000000000000000000000000000..ea374b3b99a6b3779ba724c6280009d88f352fcf
--- /dev/null
+++ b/reuters/training/7819
@@ -0,0 +1,5 @@
+REVLON BUYS GERMAINE MONTEIL COSMETICS FROM BEECHAM GROUP FOR UNDISCLOSED TERMS
+
+  REVLON BUYS GERMAINE MONTEIL COSMETICS FROM BEECHAM GROUP FOR UNDISCLOSED TERMS
+  
+
diff --git a/reuters/training/7820 b/reuters/training/7820
new file mode 100644
index 0000000000000000000000000000000000000000..2414f9b03c37acfbf697c4be38efb624d64901ba
--- /dev/null
+++ b/reuters/training/7820
@@ -0,0 +1,15 @@
+REVLON <REV> BUYS BEECHAM'S COMSMETICS UNIT
+  Revlon Group Inc said it bought
+  Germaine Monteil's cosmetics business in the U.S. from the
+  Beecham Group PLC.
+      Terms of the sale were not disclosed.
+      The sale includes the rights to Germaine Monteil in North
+  and South America and in the Far East, as well as the worldwide
+  rights to the Diane von Furstenberg cosmetics and fragrances
+  lines and the U.S. distribution rights to Lancaster beauty
+  products.
+      Meanwhile in London a statement from Beecham said the
+  business was sold to Revlon for 2.5 mln dlrs in cash and a
+  royalty payment.
+  
+
diff --git a/reuters/training/7821 b/reuters/training/7821
new file mode 100644
index 0000000000000000000000000000000000000000..a0af2f4efb1b195b52d0fb41db206ecc2674efb3
--- /dev/null
+++ b/reuters/training/7821
@@ -0,0 +1,11 @@
+MONFORT OF COLORADO INC <MNFT> 2ND QTR NET
+  Qtr ended Feb 28
+      Shr 1.03 dlrs vs 1.34 dlrs
+      Net 4,385,000 vs 5,792,000
+      Revs 474.4 mln vs 381.4 mln
+      Six mths
+      Shr 2.46 dlrs vs 2.71 dlrs
+      Net 10.5 mln vs 11.7 mln
+      Revs 906.0 mln vs 757.6 mln
+  
+
diff --git a/reuters/training/7823 b/reuters/training/7823
new file mode 100644
index 0000000000000000000000000000000000000000..634f449558fd14264d0783fe757ca3ad6f54260e
--- /dev/null
+++ b/reuters/training/7823
@@ -0,0 +1,24 @@
+GEODOME RESOURCES <GOEDF> TO PROCEED WITH MINE
+  Geodome Resources Ltd
+  said based on a feasibility study of its Sunbeam Mine it will
+  proceed with contruction and pre-production stripping as
+  rapidly as possible.
+      The company said eight of nine holes drilled on the new ore
+  zone have an average grade of 0.046 ounces of gold per ton and
+  2.1 ounces of silver per ton.
+      The deposit is 400 to 500 yards from the newly designed
+  Sunbeam pits, has large tonnage and will be drilled off this
+  summer, the company said.
+      The study said ore reserves including dillution were
+  3,302,000 tons at 0.77 ounces of gold per ton at a cut off
+  grade of 0.026 ounces per ton and stripping ratio of 4.24 to
+  one.
+      It said gold production will average 41,000 ounces per year
+  for the mine life and 99,000 ounces of silver per year.
+      It said gold production in the first three years should
+  average 50,000 ounces per year.
+      Operating costs are expected to average 201 dlrs per ounce
+  of gold for the mine life and 171 dlrs per ounce in the first
+  three years.
+  
+
diff --git a/reuters/training/7824 b/reuters/training/7824
new file mode 100644
index 0000000000000000000000000000000000000000..4722c51e2f19fab859f86e05208a380f2f35eba7
--- /dev/null
+++ b/reuters/training/7824
@@ -0,0 +1,14 @@
+MARK IV CORRECTS AGREEMENT WITH BAIRD <BATM>
+  Mark IV Industries Inc <IV>, which
+  has said it may consider a bid to seek control of Baird Corp,
+  said Baird has not agreed to hold off on any defensive measures
+  without giving Mark IV at least 24 hours notice.
+      In a filing with the Securities and Exchange Commission,
+  Mark IV corrected a statement it made yesterday in another SEC
+  filing in which it listed several agreements reached with
+  Baird, including that Baird would not take any anti-takeover
+  steps without providing at least 24 hours notice.
+      Mark IV said it was later told by Baird that Baird had
+  given no such assurance.
+  
+
diff --git a/reuters/training/7825 b/reuters/training/7825
new file mode 100644
index 0000000000000000000000000000000000000000..0c466ca7da474323f85e88ed566cd22a48952fb5
--- /dev/null
+++ b/reuters/training/7825
@@ -0,0 +1,10 @@
+GENERALE DE BANQUE, HELLER BUY FACTORING UNIT
+  Generale de Banque SA <GENB.BR> and
+  <Heller Overseas Corp> of Chicago have each taken 50 pct stakes
+  in factoring company SA Belgo-Factors, Generale de Banque said
+  in a statement.
+      It gave no financial details of the transaction. SA
+  Belgo-Factors' turnover in 1986 was 17.5 billion Belgian
+  francs.
+  
+
diff --git a/reuters/training/7826 b/reuters/training/7826
new file mode 100644
index 0000000000000000000000000000000000000000..8b404c0823b0013d0acb4d8162dd68f35f662bcb
--- /dev/null
+++ b/reuters/training/7826
@@ -0,0 +1,11 @@
+<OSHAWA GROUP LTD> 4TH QTR NET
+  Shr 52 cts vs 51 cts
+      Net 16.5 mln vs 16.2 mln
+      Revs 870.2 mln vs 800.7 mln
+      Year
+      Shr 1.48 dlrs vs 1.29 dlrs
+      Net 47.3 mln vs 41.0 mln
+      Revs 3.53 billion vs 3.10 billion
+      Avg shrs 31,867,658 vs 31,831,050
+  
+
diff --git a/reuters/training/7828 b/reuters/training/7828
new file mode 100644
index 0000000000000000000000000000000000000000..f14c93cc32ad5b32f11b65d68eb5d33305467190
--- /dev/null
+++ b/reuters/training/7828
@@ -0,0 +1,5 @@
+PAN AM CORP 4TH QTR LOSS 197.5 MLN DLRS VS PROFIT 241.4 MLN DLRS
+
+  PAN AM CORP 4TH QTR LOSS 197.5 MLN DLRS VS PROFIT 241.4 MLN DLRS
+  
+
diff --git a/reuters/training/783 b/reuters/training/783
new file mode 100644
index 0000000000000000000000000000000000000000..e13d8e5ff56fb42a632ebb54ba299c8c1382d542
--- /dev/null
+++ b/reuters/training/783
@@ -0,0 +1,10 @@
+S-K-I LTD <SKII> 2ND QTR JAN 25 NET
+  Shr 81 cts vs 57 cts
+      Net 3,660,273 vs 2,437,914
+      Revs 28.5 mln vs 23.1 mln
+      Six mths
+      Shr 29 cts vs 12 cts
+      Net 1,325,755 vs 483,559
+      Revs 31.7 mln vs 26.4 mln
+  
+
diff --git a/reuters/training/7830 b/reuters/training/7830
new file mode 100644
index 0000000000000000000000000000000000000000..14bc01a93ea4961b4d4d1053ea3755bbb51ddc58
--- /dev/null
+++ b/reuters/training/7830
@@ -0,0 +1,14 @@
+VIRCO MANUFACTURING CORP <VIR> 4TH QTR NET
+  Qtr ended Jan 31
+      Shr 67 cts vs 69 cts
+      Net 1,525,000 vs 1,570,000
+      Revs 41.2 mln vs 40.2 mln
+      Year
+      Shr 1.75 dlrs vs 1.54 dlrs
+      Net 4,001,000 vs 3,522,000
+      Revs 172.3 mln vs 168.7 mln
+      Note: figures include losses from discontinued operations
+  in qtr of 309,000 dlrs, vs 253,000 dlrs a year earlier and for
+  the year of 309,000 dlrs vs 1,559,000 dlrs a year ago.
+  
+
diff --git a/reuters/training/7831 b/reuters/training/7831
new file mode 100644
index 0000000000000000000000000000000000000000..38639aa5db696a4a4a033ed4a8d6c08a7a010af8
--- /dev/null
+++ b/reuters/training/7831
@@ -0,0 +1,14 @@
+COOPER <CBE> ASKS FTC TO END ACQUISITION LIMITS
+  Cooper Industries Inc asked the
+  Federal Trade Commission to vacate a 1979 order that requires
+  the company to get FTC approval before making certain
+  acquisitions, the FTC said.
+      The order was issued as part of a settlement of FTC charges
+  that Cooper's merger with Gardner-Denver Co would lessen
+  competion and increase concentration in the gas compressor and
+  industrial air tool industries, the FTC said.
+      The order requires that, until 1989, Cooper must get FTC
+  approval before acquiring companies in the natural gas
+  compressor or hand-held industrial pneumatic tool businesses.
+  
+
diff --git a/reuters/training/7835 b/reuters/training/7835
new file mode 100644
index 0000000000000000000000000000000000000000..2fb633d2121939fc71f72692da2188e266e1aa98
--- /dev/null
+++ b/reuters/training/7835
@@ -0,0 +1,6 @@
+THOMPSON MEDICAL CO INC <TM> DECLARES QTLY DIV
+  Qtly div 10 cts vs 10 cts prior
+      Pay April 15
+      Record March 30
+  
+
diff --git a/reuters/training/7836 b/reuters/training/7836
new file mode 100644
index 0000000000000000000000000000000000000000..4a2b903d4948e1e17655de243b92bec92f2890bf
--- /dev/null
+++ b/reuters/training/7836
@@ -0,0 +1,13 @@
+NEW ENGLAND ELECTRIC SYSTEM <NES> TWO MONTHS NET
+  ended February
+      Shr 69 cts vs 66 cts
+      Net 37.7 mln vs 34.9 mln
+      Revs 255.8 mln vs 288.8 mln
+      Avg shrs 54.7 mln vs 53.2 mln
+      12 mths ended Feb
+      Shr 3.23 dlrs vs 3.17 dlrs
+      Net 174.8 mln vs 166.3 mln
+      Revs 1.4 billion vs 1.5 billion
+      Avg shrs 54.1 mln vs 52.4 mln
+  
+
diff --git a/reuters/training/7837 b/reuters/training/7837
new file mode 100644
index 0000000000000000000000000000000000000000..c8212dcae2cecee57b03687040bf623e9946a8e5
--- /dev/null
+++ b/reuters/training/7837
@@ -0,0 +1,6 @@
+DILLARD DEPT STORES INC <DDS> DECLARES QTLY DIV
+  Qtly div three cts vs three cts prior
+      Pay May 1
+      Record March 31
+  
+
diff --git a/reuters/training/7838 b/reuters/training/7838
new file mode 100644
index 0000000000000000000000000000000000000000..7f17c1b4eb948d53dc5e6c38b4efc50a7dc1a1a6
--- /dev/null
+++ b/reuters/training/7838
@@ -0,0 +1,12 @@
+PAN AM CORP <PN> 4TH QTR LOSS
+  Shr loss 1.44 dlrs vs profit 1.79 dlrs
+      Net loss 197.5 mln dlrs vs profit 241.4 mln
+      Revs 797.3 mln vs 906.7 mln
+      12 mths
+      Shr loss 3.42 dlrs vs profit 45 cts
+      Net loss 462.8 mln vs profit 51.8 mln
+      Revs 3.04 billion vs 3.48 billion
+      Note: Net includes special charges of 65 mln dlrs vs
+  special gain of 341 mln dlrs for the qtr and year.
+  
+
diff --git a/reuters/training/7839 b/reuters/training/7839
new file mode 100644
index 0000000000000000000000000000000000000000..38a545451382390920703bbb73fb29756ab37bfa
--- /dev/null
+++ b/reuters/training/7839
@@ -0,0 +1,13 @@
+FTC EASES ALLIED-SIGNAL <ALD> UNIT RESTRICTIONS
+  The Federal Trade Commission said it
+  eased a requirement that Allied-Signal Inc's Allied Corp
+  subsidiary get prior FTC approval before making certain
+  acquisitions in the high-purity acid market.
+      The FTC said it ended the prior approval requirement
+  because Allied no longer has businesses covered by the order.
+  Other restrictions still apply, it said.
+      The restrcitions stem from a 1983 order by the FTC settling
+  charges that Allied's 1981 acquisition of Fisher Scientific Co
+  reduced competition in three high-purity acid markets.
+  
+
diff --git a/reuters/training/7840 b/reuters/training/7840
new file mode 100644
index 0000000000000000000000000000000000000000..6ce313f333febe4fcea8f13ae5a6672b065c4685
--- /dev/null
+++ b/reuters/training/7840
@@ -0,0 +1,7 @@
+SAN JUAN BASIN ROYALTY <SJT> HIKES DISTRIBUTION
+  Cash distribution 4.2621 cts vs 3.2384 cts prior
+      Pay April 14
+      Record March 31
+      NOTE: Company's full name is San Juan Basin Royalty Trust.
+  
+
diff --git a/reuters/training/7841 b/reuters/training/7841
new file mode 100644
index 0000000000000000000000000000000000000000..91b70a9bf929ff1b0ea5bd98613cae26a55a9653
--- /dev/null
+++ b/reuters/training/7841
@@ -0,0 +1,16 @@
+SHL SYSTEMHOUSE INC <SHKIF> 2ND QTR FEB 28 NET
+  Shr 23 cts vs nine cts
+      Net 5,700,000 vs 1,920,000
+      Revs 35.5 mln vs 19.8 mln
+      1st half
+      Shr 41 cts vs 17 cts
+      Net 10.0 mln vs 3,100,000
+      Revs 69.3 mln vs 36.7 mln
+      NOTE: Share adjusted for two-for-one stock split approved
+  in December 1986.
+      Net includes tax credits of 2,970,000 dlrs vs 980,000 dlrs
+  in quarter and 5,210,000 dlrs vs 1,590,000 dlrs in half.
+      Backlog 230 mln dlrs vs 147 mln dlrs at start of fiscal
+  year and 148 mln dlrs at the end of the first quarter.
+  
+
diff --git a/reuters/training/7842 b/reuters/training/7842
new file mode 100644
index 0000000000000000000000000000000000000000..6d4c6913a9db61a11f61e2865ff4f4d9e6959814
--- /dev/null
+++ b/reuters/training/7842
@@ -0,0 +1,17 @@
+U.K. LEAD AND ZINC OFFTAKE RISES IN JANUARY
+  U.K. Consumption of lead and zinc in all
+  forms during January rose to 26,314 and 18,778 tonnes, from
+  24,967 and 17,929 tonnes respectively in December, latest
+  figures by the World Bureau of Metal Statistics (WBMS) show.
+      Refined lead consumption rose to 23,992 tonnes from 23,194,
+  while scrap offtake was 2,322 tonnes against 1,773.
+      Slab zinc consumption was 14,257 tonnes against 14,190
+  during December, while offtake of scrap and re-melted metal was
+  4,521 tonnes against 3,739.
+      Meanwhile production of refined lead in January rose to
+  28,188 tonnes from 23,693 in December, but slab zinc production
+  fell to 4,490 tonnes from 5,793, the WBMS figures showed.
+      Stocks of slab zinc totalled 14,780 tonnes, down from
+  December's 15,008.
+  
+
diff --git a/reuters/training/7843 b/reuters/training/7843
new file mode 100644
index 0000000000000000000000000000000000000000..a04958c185d585cf275fd5a862eec1fed8d7c10b
--- /dev/null
+++ b/reuters/training/7843
@@ -0,0 +1,6 @@
+PHOTRONIC LABS INC <PLAB> 1ST QTR JAN 31 NET
+  Shr 10 cts vs seven cts
+      Net 249,143 vs 175,476
+      Sales 3,034,010 vs 2,745,288
+  
+
diff --git a/reuters/training/7845 b/reuters/training/7845
new file mode 100644
index 0000000000000000000000000000000000000000..5675f6b2c0d79e82a05297733ab5a039ff0993f0
--- /dev/null
+++ b/reuters/training/7845
@@ -0,0 +1,7 @@
+PERMIAN BASIN ROYALTY <PBT> HIKES DISTRIBUTION
+  Cash distribution 3.9737 cts vs 3.0577 cts
+      Pay April 14
+      Record March 31
+      NOTE: Trust's full name is Permian Basin Royalty Trust.
+  
+
diff --git a/reuters/training/7847 b/reuters/training/7847
new file mode 100644
index 0000000000000000000000000000000000000000..6eccb0d35cf80d1b47e1bb2d7bcbfcb85a40a056
--- /dev/null
+++ b/reuters/training/7847
@@ -0,0 +1,14 @@
+UNIVERSAL RESOURCES <UVR>HOLDERS APPROVE MERGER
+  Universal Resources Corp said its
+  shareholders approved the merger of the company with Questar
+  Corp <STR>.
+      Separately, Universal said it will redeem its 15.75 pct
+  debentures due December 15, 1996, on April 19, at 104.8 pct of
+  face amount plus accrued interest.
+      Universal said it will operate as a wholly owned unit of
+  Questar under its current name. Under terms of the merger,
+  which took effective today, Universal said its shareholders
+  will receive three dlrs a share in cash.
+      It said its stock will no longer trade on the AMEX.
+  
+
diff --git a/reuters/training/7848 b/reuters/training/7848
new file mode 100644
index 0000000000000000000000000000000000000000..90770c7bee04fbb3b91cacd3acb7c44257e0ef07
--- /dev/null
+++ b/reuters/training/7848
@@ -0,0 +1,10 @@
+ENDOTRONICS <ENDO> HALTED PENDING NEWS RELEASE
+  Endotronics Inc, halted at 1-3/4 on
+  NASDAQ pending release of a news report, on Monday said it was
+  expecting "substantial losses" for the quarter ending March 31,
+  1987 and the fiscal year ending Sept 30, 1987.
+      The company had cited a dispute over payment by Yamaha Inc,
+  one of its Japanese distributors, over payment of a promissory
+  note for 3,686,000 dlrs in overdue accounts.
+  
+
diff --git a/reuters/training/7850 b/reuters/training/7850
new file mode 100644
index 0000000000000000000000000000000000000000..4dd4d05e80b132b6ce302cee6c9048f08f86f021
--- /dev/null
+++ b/reuters/training/7850
@@ -0,0 +1,6 @@
+TEXAS INSTRUMENTS INC <TXN> SETS QUARTERLY
+  Qtly div 50 cts vs 50 cts prior
+      Pay April 20
+      Record March 31
+  
+
diff --git a/reuters/training/7851 b/reuters/training/7851
new file mode 100644
index 0000000000000000000000000000000000000000..3bec5aea09f121ec6c817827ec090815ae165995
--- /dev/null
+++ b/reuters/training/7851
@@ -0,0 +1,6 @@
+SOUTHEAST BANKING CORP <STB> DECLARES QTLY DIV
+  Qtly div 22 cts vs 22 cts prior
+      Pay April 10
+      Record March 30
+  
+
diff --git a/reuters/training/7854 b/reuters/training/7854
new file mode 100644
index 0000000000000000000000000000000000000000..c842cbc283b7b14c375db75f3befa00039b03bf6
--- /dev/null
+++ b/reuters/training/7854
@@ -0,0 +1,14 @@
+FTC URGES VETO OF GEORGIA GASOLINE STATION BILL
+  The Federal Trade Commission said
+  its staff has urged the governor of Georgia to veto a bill that
+  would prohibit petroleum refiners from owning and operating
+  retail gasoline stations.
+      The proposed legislation is aimed at preventing large oil
+  refiners and marketers from using predatory or monopolistic
+  practices against franchised dealers.
+      But the FTC said fears of refiner-owned stations as part of
+  a scheme of predatory or monopolistic practices are unfounded.
+  It called the bill anticompetitive and warned that it would
+  force higher gasoline prices for Georgia motorists.
+  
+
diff --git a/reuters/training/7855 b/reuters/training/7855
new file mode 100644
index 0000000000000000000000000000000000000000..72d81e1e6c8f52522fad85d9af351571cbf5dc50
--- /dev/null
+++ b/reuters/training/7855
@@ -0,0 +1,10 @@
+ARMSTRONG WORLD <ACK> UNIT BUYS PLANT
+  Armstrong World Industries
+  Inc said its Gilliam Furniture affiliate has purchased a
+  130,000 square foot building in Troutman, N.C., for undisclosed
+  terms.
+      It said the new plant is expected to be in operation before
+  year-end and and will more than double Gilliam's production
+  capacity for upholstered furniture.
+  
+
diff --git a/reuters/training/7857 b/reuters/training/7857
new file mode 100644
index 0000000000000000000000000000000000000000..768e858be2058cca4c01694310aba2639ec1f54c
--- /dev/null
+++ b/reuters/training/7857
@@ -0,0 +1,5 @@
+HUDSON'S BAY CO YEAR OPER SHR PROFIT 32 CTS VS LOSS 1.23 DLRS
+
+  HUDSON'S BAY CO YEAR OPER SHR PROFIT 32 CTS VS LOSS 1.23 DLRS
+  
+
diff --git a/reuters/training/7858 b/reuters/training/7858
new file mode 100644
index 0000000000000000000000000000000000000000..bb1fbe2ea7821a57f71833d579e9f02e8f78f79b
--- /dev/null
+++ b/reuters/training/7858
@@ -0,0 +1,5 @@
+COOK UNITED INC EXPECTS LOSS OF 16 MLN DLRS FOR FISCAL 1987
+
+  COOK UNITED INC EXPECTS LOSS OF 16 MLN DLRS FOR FISCAL 1987
+  
+
diff --git a/reuters/training/7859 b/reuters/training/7859
new file mode 100644
index 0000000000000000000000000000000000000000..4088277edb8939f07590c581a85d1e0a2586912f
--- /dev/null
+++ b/reuters/training/7859
@@ -0,0 +1,5 @@
+HUDSON'S BAY CO HAD 1986 WRITEDOWN OF 40.4 MLN DLRS MAINLY ON STAKE IN DOME PETROLEUM
+
+  HUDSON'S BAY CO HAD 1986 WRITEDOWN OF 40.4 MLN DLRS MAINLY ON STAKE IN DOME PETROLEUM
+  
+
diff --git a/reuters/training/7860 b/reuters/training/7860
new file mode 100644
index 0000000000000000000000000000000000000000..29ceb7eeae6fb65484f5b1e303749cb38c3f4ac9
--- /dev/null
+++ b/reuters/training/7860
@@ -0,0 +1,5 @@
+U.N. Conference formally adopts new International Natural Rubber Agreement - chairman
+
+  U.N. Conference formally adopts new International Natural Rubber Agreement - chairman
+  
+
diff --git a/reuters/training/7861 b/reuters/training/7861
new file mode 100644
index 0000000000000000000000000000000000000000..a56c459603af9604334d1b9da81fd0ffc850530f
--- /dev/null
+++ b/reuters/training/7861
@@ -0,0 +1,6 @@
+YORK FINANCIAL CORP <YFED> DECLARES QTLY DIV
+  Qtly div 17 cts vs 17 cts prior
+      Pay May five
+      Record April 20
+  
+
diff --git a/reuters/training/7862 b/reuters/training/7862
new file mode 100644
index 0000000000000000000000000000000000000000..5de783e3b8814e3a8bc332d5c3749064c826d00b
--- /dev/null
+++ b/reuters/training/7862
@@ -0,0 +1,5 @@
+COOK UNITED INC IN TALKS TO SELL STAKE TO PRIVATE INVESTORS
+
+  COOK UNITED INC IN TALKS TO SELL STAKE TO PRIVATE INVESTORS
+  
+
diff --git a/reuters/training/7864 b/reuters/training/7864
new file mode 100644
index 0000000000000000000000000000000000000000..390d40ab3a2596396749dfaae0c7eeda1db04b96
--- /dev/null
+++ b/reuters/training/7864
@@ -0,0 +1,10 @@
+COMBINED INT'L <PMA> RAISES PAYOUT, VOTES SPLIT
+  Combined International Corp said its
+  board voted to increase the quarterly dividend  7.1 pct to 60
+  cts a share from 56 cts payable May 26, record May 12.
+      It said directors also approved a two-for-one stock split,
+  subject to approval by shareholders of a proposed capital stock
+  amendment at the annual meeting in April. The record and pay
+  dates would be announced later, it said.
+  
+
diff --git a/reuters/training/7865 b/reuters/training/7865
new file mode 100644
index 0000000000000000000000000000000000000000..4ee450c8cef2bb84bab3bb3759419bc85b7c493a
--- /dev/null
+++ b/reuters/training/7865
@@ -0,0 +1,14 @@
+AMERICAN CABLESYSTEMS <ACN> TO BUY CABLE SYSTEM
+  American Cablesystems Corp said
+  it agreed in principal to buy a cable television system in Los
+  Angeles County from Heritage Communications Inc <HCI> for 15.5
+  mln dlrs.
+      The company said the system being purchased serves about
+  12,000 subscribers in the towns of Compton, South El Monte,
+  Hawaiian Gardens and the communities of Willowbrook, Athens,
+  Firestone, Florence and East Compton.
+      It said the acquisition will bring to seven the number of
+  cable systems it owns, manages or has agreed to buy in the Los
+  Angeles area.
+  
+
diff --git a/reuters/training/7866 b/reuters/training/7866
new file mode 100644
index 0000000000000000000000000000000000000000..ff6de1fac6f5cb2123c76b346cdd86ab02388c4d
--- /dev/null
+++ b/reuters/training/7866
@@ -0,0 +1,9 @@
+YORK FINANCIAL <YFED> SPLITS STOCK
+  York Financial Corp, parent company
+  of York Federal Savings and Loan Association, said its board of
+  directors declared a five-for-four stock split in the form of a
+  25 pct stock dividend.
+      The company said it will distribute the split on May 5, to
+  shareholders of record April 20.
+  
+
diff --git a/reuters/training/7867 b/reuters/training/7867
new file mode 100644
index 0000000000000000000000000000000000000000..9a9aaff69fdece203cbac6e8dce28e868ff34a42
--- /dev/null
+++ b/reuters/training/7867
@@ -0,0 +1,11 @@
+CHEMLAWN <CHEM> HAS NO COMMENT ON NEW OFFER
+  ChemLawn Corp said it had no comment
+  on a sweetened offer from Waste Management Inc <WMX>.
+      Waste Management amended its 27 dlr per share tender offer,
+  raising it to 35 dlrs per share.
+      ChemLawn had rejected Waste Management's earlier 27 dlr per
+  share offer, saying it was an undervalued bid. ChemLawn earlier
+  told its shareholders not to tender to Waste Management.
+      ChemLawn rose 1-7/8 to 36 in over-the-counter trading.
+  
+
diff --git a/reuters/training/7869 b/reuters/training/7869
new file mode 100644
index 0000000000000000000000000000000000000000..59d69dc87e280e5266368ba8fcaaf145f771476c
--- /dev/null
+++ b/reuters/training/7869
@@ -0,0 +1,10 @@
+ESSO SAF <ESSF.PA> YEAR ENDED DEC 31 1986
+  Net profit 305 mln francs vs 258 mln.
+      Net dividend 25 francs vs 20 francs.
+      Operating loss 696 mln francs vs 1.46 billion.
+      Note - The company, which is the French subsidiary of Exxon
+  Corp. <XON.N>, said its net profit result included the
+  reintegration of 1.2 billion francs of provisions for exchange
+  fluctuations.
+  
+
diff --git a/reuters/training/787 b/reuters/training/787
new file mode 100644
index 0000000000000000000000000000000000000000..b5e9c4f3a805d95fbcab93dd5107e3ab60a9eaf1
--- /dev/null
+++ b/reuters/training/787
@@ -0,0 +1,14 @@
+FERRO CORP <FOE> SETS JOINT VENTURE
+  Ferro Corp said it has formed a
+  joint venture with Paris-based Alsthom Inudstrial Group to
+  export U.S. epxertise in specialty composite materials to the
+  European market.
+      Ferro said although the airframe and aerospace industries
+  are the prime users of composite materials today, it plans to
+  develop applications for the ground transportation and
+  industrial markets in the near future.
+      Ferro also announced it has agreed to purchase CompositAir,
+  a developer of composit materials applications, for an
+  undisclosed sum.
+  
+
diff --git a/reuters/training/7870 b/reuters/training/7870
new file mode 100644
index 0000000000000000000000000000000000000000..98516fecde847a6947d97ec944fbbaa68727bd58
--- /dev/null
+++ b/reuters/training/7870
@@ -0,0 +1,24 @@
+PAN AM'S <PN> MAIN UNIT TO REPORT SMALLER LOSS
+  Pan Am Corp said its largest division,
+  the Atlantic, will report a first quarter loss that will be
+  substantially lower than that reported a year ago.
+      In the 1986 1st qtr, Pan Am reported a net loss of 118.4
+  mln dlrs, which included foreign exchange losses of 19.3 mln.
+  The company did not say how much the Atlantic division lost.
+      Pan Am also said it is encouraged by passenger traffic
+  results so far this year as well as booking trends.
+      In January and February, the airline said total systemwide
+  revenue passenger miles were up five pct and 11 pct,
+  respectively, over the same months last year.
+      It also said that based on current trends, its largest
+  division should report vastly improved second-quarter traffic
+  compared to last year, which resulted in a load factor of 45.7
+  pct for the second quarter of 1986.
+      Pan Am also said its principal subsidiary, Pan American
+  World Airways, had a 1986 net loss of 469.3 mln dlrs, compared
+  with a profit of 38.7 mln dlrs in 1985, which included a gain
+  of 341 mln dlrs for the sale of its Pacific Division. It said
+  the airline's operating loss for the year was 325.5 mln dlrs
+  compared with a operating profit of 196.5 mln dlrs in 1985.
+  
+
diff --git a/reuters/training/7871 b/reuters/training/7871
new file mode 100644
index 0000000000000000000000000000000000000000..69d47e0d08852b07b43d2a396b3e5311969c260f
--- /dev/null
+++ b/reuters/training/7871
@@ -0,0 +1,24 @@
+COOK <CCF> TO POST LOSS, SELL STAKE
+  Cook United INc said it expects
+  to report a loss a loss of 16 mln dlrs, before an extraordinary
+  credit of 44 mln dlrs resulting from its Chapter 11
+  reorganization, on sales of 217 mln dlrs for the year ended
+  January 31, 1987.
+      For 1986, Cook reported a loss of 30.8 mln dlrs on sales of
+  257 mln dlrs for the prior year.
+      Cook also said it began preliminary talks with private
+  investors looking to buy a stock position in order to provide
+  Cook with additional cash and assist its posture in its
+  negotation with its banks.
+      Cook is negotiating with its bank lenders and private
+  sources for a borrowing facility to relieve its current working
+  capital requirements.
+      Cook said it believes the reasons for its losses since
+  OCtober have been identified and are mostly non-recurring.
+      Shutting down 12 unprofitable stores since November has   
+  effectuated cost controls and improved merchandising, it said.
+      It anticipates the turnaround will contine and that
+  profitability with be restored. Cook now operates a total of 29
+  stores.
+  
+
diff --git a/reuters/training/7872 b/reuters/training/7872
new file mode 100644
index 0000000000000000000000000000000000000000..8ef8fad69acc33aaeaeb585f551b6810b76bb2b1
--- /dev/null
+++ b/reuters/training/7872
@@ -0,0 +1,26 @@
+ENDOTRONICS <ENDO> TARGET OF INVESTIGATION
+  Endotronics Inc said it is the
+  target of a formal private investigation by the Securities and
+  Exchange Commission as well as the Federal Bureau of
+  Investigation.
+      The company also said its independent accounts, Peat,
+  Marwick, Mitchell and Co, served notice that its report on
+  Endotronics' financial statements as of Sept 30, 1986 and for
+  the year then ended should no longer be relied upon.
+      Endotronics said the notice from its accountants stated 
+  "we cannot satisfy ourselves as to the true facts of the
+  situation to a degree necessary to continue to be associated
+  with such consolidated financial statements."
+      Endotronics recently reported that it was reviewing the
+  need to establish a reserve for all or a portion of
+  approximately 3,686,000 dlrs in overdue accounts receivable and
+  to assess the impact, if any, on prior period financial
+  statements in light of a dispute with one of its Japanese
+  distributors over payment of the overdue accounts.
+      Endotronics said it was providing documentation to the
+  Securities and Exchange Commission in connection with that
+  agency's investigation.
+      It also said Michael Gruenberg resigned from the company's
+  board of directors.
+  
+
diff --git a/reuters/training/7873 b/reuters/training/7873
new file mode 100644
index 0000000000000000000000000000000000000000..63c6d4a73181ee46e51499126f91ed6c4ff68d96
--- /dev/null
+++ b/reuters/training/7873
@@ -0,0 +1,54 @@
+UN CONFERENCE FORMALLY ADOPTS NEW RUBBER PACT
+  A new International Natural Rubber
+  Agreement, INRA, was formally adopted by a United Nations
+  Conference today.
+      The new accord is due to replace the current one, which
+  expires in October.
+      Conference chairman Manaspas Xuto of Thailand said the
+  formal adoption represented "a historic moment."
+      The latest round of talks, which began March 9, represented
+  the fourth attempt to negotiate a new INRA in nearly two years.
+  Xuto described the negotiations as "by no means easy, and we
+  often faced problems."
+      The new pact is due to enter into force provisionally when
+  ratified by countries accounting for 75 pct of world net
+  exports and 75 pct of net imports.
+      The new INRA will enter into force definitively when
+  governments accounting for at least 80 pct of net exports and
+  80 pct of net imports have ratified it.
+      It will be open for signature from May 1 to December 31
+  this year.
+      It is expected that provisional entry into force will take
+  at least 12 to 14 months from now, delegates said.
+      During the hiatus between the two agreements buffer stock
+  operations will be suspended, but the International Natural
+  Rubber Council will remain in place.
+      Xuto told the conference both the 1979 agreement and its
+  successor were aimed at meeting the needs of producers and
+  consumers of natural rubber over the long term.
+      Both had interest in stabilising prices and supplies, Xuto
+  added. He also praised "the spirit of 'give' and 'take' that
+  prevailed throughout this session."
+      Ahmed Farouk of Malaysia, speaking on behalf of producers,
+  said the conclusion of the new pact showed that the mutuality
+  of interests between producers and consumers is now as valid as
+  it was when negotiations of the first agreement began in the
+  1970s.
+      Farouk said the ability to manage inventories on the basis
+  of predictable stable prices is "a vital consideration for
+  multinational tire companies, whether or not consuming
+  countries as a whole claimed to be no longer so seriously
+  concerned about security of the rubber supply."
+      He said producers considered that the 1979 agreement had
+  served the purpose for which it was created.
+      Farouk urged consuming countries to promote early accession
+  to the new pact "to avoid an undue gap between the old and the
+  new.
+      Gerard Guillonneau of France, speaking for consumers,
+  agreed that the 1979 agreement had worked relatively well.
+      But as economic conditions had changed, he said, consumers
+  had been led to make proposals for improving its functioning.
+      He added that the adoption of the new agreement "attests to
+  the importance of rubber and confidence in the rubber industry."
+  
+
diff --git a/reuters/training/7874 b/reuters/training/7874
new file mode 100644
index 0000000000000000000000000000000000000000..412d086e86309d647ef1f0ae9e465f486926f86a
--- /dev/null
+++ b/reuters/training/7874
@@ -0,0 +1,13 @@
+ADVANCED INSTITUTIONAL <AIMS> CUTS WORKFORCE
+  Advanced Institutional Management
+  Software Inc said it has cut its workforce to 53 from 74 and
+  closed its Atlanta office to cut expenses and improve
+  profitability.
+      The company said it is also in the process of reducing its
+  office space in four of its six offices nationwide.
+      Advanced also said it has named executive vice president
+  Steven B. Sheppard chief operating officer.
+      The company said president and chief executive officer
+  Morris Moliver had been chief operating officer as well.
+  
+
diff --git a/reuters/training/7875 b/reuters/training/7875
new file mode 100644
index 0000000000000000000000000000000000000000..abc264733a3f00a5a2804c1912e917e5cc917a23
--- /dev/null
+++ b/reuters/training/7875
@@ -0,0 +1,13 @@
+SUN STATE SAVINGS <SSSL> SEES HIGHER EARINGS
+  Sun State Savings and Loan
+  expects to report an earnings increase this year over 1986,
+  Chairman Edward Janos told shareholders at the company's annual
+  meeting.
+      In a statement, Janos said core earnings are expected to
+  average 1.5 mln dlrs per quarter, or six mln dlrs for the year,
+  while sales of real estate joint ventures will add another five
+  mln during the year.
+      In 1986, Sun State reported earnings of 9,427,000 dlrs, or
+  2.05 dlrs per share.
+  
+
diff --git a/reuters/training/7876 b/reuters/training/7876
new file mode 100644
index 0000000000000000000000000000000000000000..e690a912e182dbacd8529debee7cf0b856421191
--- /dev/null
+++ b/reuters/training/7876
@@ -0,0 +1,21 @@
+ATT <T> CHAIRMAN SAYS DIVIDEND WILL NOT BE CUT
+  American Telephone and Telegraph Co does
+  not plan to reduce its regular quarterly dividend of 30 cts a
+  share on its common stock, said James E. Olson, chairman.
+      "It has been the intent to set the dividend at a level so
+  that it could be sustained through the ups and downs of the
+  business cycle," Olson told a meeting of securities analysts.
+      "We see no reason to change that policy," he said.
+      Although ATT will maintain its current dividend, Olson said
+  the company wants to decrease the percentage of earnings paid
+  in dividends by increasing earnings.
+      Industry analysts had speculated that ATT might cut its
+  common dividend, especially after the company posted a fourth
+  quarter net loss of 1.17 billion dlrs and earned only five cts
+  a share for the full year.
+      The loss included a one-time restructuring charge of 1.7
+  billion dlrs.
+      Olson said he expects ATT's cash flow to remain strong
+  despite the poor earnings.
+  
+
diff --git a/reuters/training/7877 b/reuters/training/7877
new file mode 100644
index 0000000000000000000000000000000000000000..0665fc25980dc84daff5ac6e338f7084f42ed57e
--- /dev/null
+++ b/reuters/training/7877
@@ -0,0 +1,26 @@
+MAJOR TIN CENTERS PARALYSED BOLIVIA UNION SAYS
+  A strike by 9,000 miners employed by the
+  state corporation Comibol has paralysed tin production in the
+  major centers of Huanuni, Corocoro, Siglo, Catavi and Colquiri,
+  the Conflicts Secretary of the Bolivian Miners Federation,
+  Cristobal Aranibar, told Reuters.
+       The strike began at midnight to press demands for higher
+  wages and more funds for the nationalised mining industry.
+       The miners federation left the door open to negotiations
+  with the government but "only if the authorities show their
+  intention to find solution to our demands", Aranibar said.
+      The government of president Victor Paz Estenssoro, faced
+  with mounting social unrest against its economic policies, has
+  said the miners strike was part of a campaign to discredit it
+  during the visit of West German president, Richard von
+  Weizsaecker, who arrives today for a four-day official visit.
+      The government froze salaries as part of its efforts to
+  pull Bolivia out of a deep economic crisis. According to
+  central bank forecasts inflation will reach an annual 10 pct
+  rate versus up to 20,000 pct in 1985.
+       In addition to the miners' strike, about 1,000 railway
+  factory workers of the bolivian labour organization (COB) began
+  a second day of a hunger strike in the country's main cities to
+  press for substantial wage increases, a union leader said.
+  
+
diff --git a/reuters/training/7878 b/reuters/training/7878
new file mode 100644
index 0000000000000000000000000000000000000000..0f03e2b870a45d54615ce2e3287c88e36810544c
--- /dev/null
+++ b/reuters/training/7878
@@ -0,0 +1,5 @@
+ECHLIN INC 2ND QTR SHR 24 CTS VS 20 CTS
+
+  ECHLIN INC 2ND QTR SHR 24 CTS VS 20 CTS
+  
+
diff --git a/reuters/training/7879 b/reuters/training/7879
new file mode 100644
index 0000000000000000000000000000000000000000..6539b155b9f20ee0e43f09da7fde9f00b7fe6099
--- /dev/null
+++ b/reuters/training/7879
@@ -0,0 +1,29 @@
+ALLIED-LYONS SEES HIRAM WALKER PROFITS RISING
+  <Allied-Lyons PLC> sees rising profits
+  from 51-pct-owned liquor producer Hiram Walker-Gooderham and
+  Worts in the current fiscal year ending in early March, 1988,
+  chairman Derrick Holden-Brown said in a speech prepared for
+  delivery to Toronto analysts.
+      "We anticipate that Hiram Walker profits will be well above
+  those of the plateau years," he said, referring to the four
+  years up to 1985.
+      "In other words, we will have regained the 1985 position
+  and improved on it," Holden-Brown said.
+      Allied-Lyons won control of Hiram Walker-Gooderham last
+  year in a battle against Gulf Canada Corp, which finally got a
+  49 pct stake after an out-of-court settlement.
+      Hiram Walker Resources Ltd, the previous owner, reported
+  liquor profits of 282 mln Canadian dlrs in the fiscal year
+  ending Sept. 30, 1985, 278 mln dlrs in 1984, 267 mln in 1983,
+  294 mln in 1982 and 280 mln in 1981.
+      Holden-Brown said Allied-Lyons' financial results for the
+  fiscal year just ended March seven would include three months
+  of Hiram Walker-Gooderham profits, but he did not provide
+  actual figures.
+      He said Hiram Walker-Gooderham's profit improvement in the
+  current year will come from a previously announced
+  reorganization put into effect March 1, 1987 and a close
+  partnership with Allied-Lyons' existing Allied Vintners
+  division.
+  
+
diff --git a/reuters/training/7880 b/reuters/training/7880
new file mode 100644
index 0000000000000000000000000000000000000000..40dfa911fdb3c1b5f1a1478f776eaf58bdf5d534
--- /dev/null
+++ b/reuters/training/7880
@@ -0,0 +1,10 @@
+ECHLIN INC <ECH> 2ND QTR FEB 28 NET
+  Shr 24 cts vs 20 cts
+      Net 11,784,000 vs 8,302,000
+      Rev 269.1 mln vs 211.9 mln
+      Six months
+      Shr 48 cts vs 40 cts
+      Net 23,191,000 vs 16,556,000
+      Rev 517.5 mln vs 429.3 mln
+  
+
diff --git a/reuters/training/7881 b/reuters/training/7881
new file mode 100644
index 0000000000000000000000000000000000000000..91c1cc32915b7e59f1df68594f6a1dde80f16baf
--- /dev/null
+++ b/reuters/training/7881
@@ -0,0 +1,5 @@
+AMERICAN CAN SEES HIGHER 1ST QTR, YR NET
+
+  AMERICAN CAN SEES HIGHER 1ST QTR, YR NET
+  
+
diff --git a/reuters/training/7883 b/reuters/training/7883
new file mode 100644
index 0000000000000000000000000000000000000000..187ea67810bd78f15d0202c47e88c10edbc9e6ef
--- /dev/null
+++ b/reuters/training/7883
@@ -0,0 +1,13 @@
+<HUDSON'S BAY CO> 4TH QTR NET
+  ended January 31
+      Oper shr profit 3.98 dlrs vs profit 4.35 dlrs
+      Oper net profit 123.6 mln vs profit 108.3 mln
+      Revs 1.88 billion vs 1.76 billion
+      Year
+      Oper shr profit 32 cts vs loss 1.23 dlrs
+      Oper net profit 33.0 mln vs loss 9,055,000
+      Revs 5.69 billion vs 5.27 billion
+      Note: 1986 excludes writeoff of 40.4 mln dlrs, primarily
+  due to investment in Dome Petroleum Ltd <DMP>.
+  
+
diff --git a/reuters/training/7884 b/reuters/training/7884
new file mode 100644
index 0000000000000000000000000000000000000000..ce3a8a3519d366086bb609317e0f01114fbc7fb1
--- /dev/null
+++ b/reuters/training/7884
@@ -0,0 +1,10 @@
+<GENDIS INC> 4TH QTR JAN 31 NET
+  Shr 53 cts vs 61 cts
+      Net 9,909,000 vs 11,489,000
+      Revs 185.9 mln vs 161.5 mln
+      Year
+      Shr 1.20 dlrs vs 1.37 dlrs
+      Net 22,522,000 vs 25,667,000
+      Revs 588.5 mln vs 521.7 mln
+  
+
diff --git a/reuters/training/7887 b/reuters/training/7887
new file mode 100644
index 0000000000000000000000000000000000000000..3be3087c13413de89859c2bd2d2316e9a53628a1
--- /dev/null
+++ b/reuters/training/7887
@@ -0,0 +1,10 @@
+<BIFLYX> 2ND QTR DEC 31 NET
+  Shr nil vs nil
+      Net profit 24,000 vs loss 66,000
+      Revs 235,000 vs 93,000
+      Six mths
+      Shr nil vs nil
+      Net profit 40,000 vs loss 153,000
+      Revs 394,000 vs 99,000
+  
+
diff --git a/reuters/training/7888 b/reuters/training/7888
new file mode 100644
index 0000000000000000000000000000000000000000..b3f80925942922092e6b19d2971627b120f7239f
--- /dev/null
+++ b/reuters/training/7888
@@ -0,0 +1,11 @@
+IBC PRESIDENT LEAVES FOR PRODUCER MEETING - IBC
+  Jorio Dauster, president of the
+  Brazilian Coffee Institute, IBC, left Brazil early today to
+  attend a weekend meeting of Latin American coffee producers in
+  Managua, an IBC official said.
+      Carlos Brasil, an adviser to the IBC president, said
+  Dauster had left Rio de Janeiro for Managua early this morning.
+      There were rumours on the London coffee market earlier
+  today that Dauster would not attend the meeting.
+  
+
diff --git a/reuters/training/7891 b/reuters/training/7891
new file mode 100644
index 0000000000000000000000000000000000000000..20888c0b0b5801d4e936f2e7f59adbf23f033120
--- /dev/null
+++ b/reuters/training/7891
@@ -0,0 +1,11 @@
+MOUNTAIN VIEW ACQUIRES MARATECH COMMUNICATIONS
+  (Mountain View Investment
+  Corp), Phoenix, Ariz., said it acquired Maratech Communications
+  Cos Inc.
+      Under terms of the transaction, the present directors of
+  Mountain View have resigned and have elected directors of
+  Maratech as new directors of Mountain View.
+      It said a combined shareholders' meeting will soon be held
+  to vote on the acquisition.
+  
+
diff --git a/reuters/training/7893 b/reuters/training/7893
new file mode 100644
index 0000000000000000000000000000000000000000..7b6ec9aca25874d039cab880f3a6e92b08c54ab6
--- /dev/null
+++ b/reuters/training/7893
@@ -0,0 +1,31 @@
+AMERICAN CAN <AC> SEES HIGHER YEAR NET
+  American Can Co chairman Gerald Tsai
+  said the company will record higher earnings in the first
+  quarter and for the full year.
+      Addressing analysts, Tsai said "First quarter results have
+  been extremely encouraging and results for all of 1987 will
+  show significant improvement over 1986."
+      American Can earned 196.3 mln dlrs, or 3.21 dlrs per share,
+  adjusted for a two-for-one stock split, in 1986.
+      In the 1986 first quarter, the company reported net income
+  of 67.5 mln dlrs, including one-time gains from sale of assets,
+  or 2.30 dlrs per share, before the stock adjustment.
+      In the 1987 first quarter, American Can will record a
+  one-time gain of 28 cts per share from the sale of shares in
+  its Musicland Group subsidiary. The gain is slightly higher
+  than the expected gain the company predicted in February
+  because additional shares of the unit were sold.
+      In response to a question, Tsai said American Can's
+  investment in Jefferies and Co is "very small".
+      "We treat it as just another passive investment," he said.
+  According to press reports, American Can owns 20 pct of
+  Jefferies and is its largest single shareholder.
+      Yesterday, Boyd Jefferies, chairman and founder of the
+  brokerage firm bearing his name, resigned from the firm and
+  said he would plead guilty to two felony charges for breaking
+  securities laws.
+      Responding to another question, Tsai said AIDS-related
+  claims were a small portion of claims made with American Can's
+  insurance subsidiaries in 1986.
+  
+
diff --git a/reuters/training/7894 b/reuters/training/7894
new file mode 100644
index 0000000000000000000000000000000000000000..bbe16616fb813c495f1ee2796a3b15a3ff6b8a23
--- /dev/null
+++ b/reuters/training/7894
@@ -0,0 +1,6 @@
+CENTRAL BANKING SYSTEM INC <CSYS> QTLY DIVIDEND
+  Qtly div ten cts vs ten cts
+      Pay April 15
+      Record April 1
+  
+
diff --git a/reuters/training/7895 b/reuters/training/7895
new file mode 100644
index 0000000000000000000000000000000000000000..31418dac8585555c8a1aa298a5ce693db42291e9
--- /dev/null
+++ b/reuters/training/7895
@@ -0,0 +1,11 @@
+CHARTER-CRELLIN <CRTR> TO ACQUIRE SEBRO PLASTICS
+  Charter-Crellin Inc said it signed a
+  letter of intent to acquire all outstanding shares of <Sebro
+  Plastics Inc's> capital stock.
+      Charter-Crellin, a molded plastic product maker, said Sebro
+  is a precision molder of engineered specialty plastic products
+  for the automotive industry.
+      The company said the deal is subject to the execution of a
+  definitive purchase agreement.
+  
+
diff --git a/reuters/training/7896 b/reuters/training/7896
new file mode 100644
index 0000000000000000000000000000000000000000..f697941d988bae4932f49384a09d21b2d49cd985
--- /dev/null
+++ b/reuters/training/7896
@@ -0,0 +1,12 @@
+NEW YORK STATE ELECTRIC <NGE> ENDS ACQUISITION
+  New York State Electric and
+  Gas Corp said it has terminated its effort to acquire Corning
+  Natural Gas Corp.
+      It cited as reasons the uncertain regulatory climate in New
+  York State and the depresed price of New York State Electric
+  stock which has been caused by the delay in the Nine Mile Point
+  Unit Two nuclear plant.
+      The company had said in December that it had been
+  interested in acquiring Corning Natural Gas.
+  
+
diff --git a/reuters/training/7897 b/reuters/training/7897
new file mode 100644
index 0000000000000000000000000000000000000000..8fd8b824cf45ed715f89952c593416da5f0a9236
--- /dev/null
+++ b/reuters/training/7897
@@ -0,0 +1,11 @@
+BLACK HAWK MINING CAN'T EXPLAIN STOCK RISE
+  <Black Hawk Mining Inc> said it knows
+  of "no major activities" to account for the recent rise in the
+  company's stock price.
+      The shares rose 11 cts to 88 cts on the Toronto Stock
+  Exchange yesterday.
+      The company added that its application for its proposed
+  acquisition of <Platinova Resources Ltd> and financings are
+  still before the listing committee of the stock exchange.
+  
+
diff --git a/reuters/training/7899 b/reuters/training/7899
new file mode 100644
index 0000000000000000000000000000000000000000..68d56f8d361e2583d0842126c6df2a03f58676d8
--- /dev/null
+++ b/reuters/training/7899
@@ -0,0 +1,17 @@
+SENATOR WANTS STRONGER AIR MERGER REGULATION
+  The chairman of the Senate antitrust
+  subcommittee said the Transportation Department was allowing
+  too many airline mergers and proposed its authority be
+  transfered to the Justice Department.
+      "The Transportation Department's antitrust enforcement has
+  been disastrous, permitting rampant merger mania," Ohio
+  Democrat Howard Metzenbaum said in a statement.
+      "The nine largest airlines now control 94 per cent of the
+  market. That's bad for competition and bad for the consumer,"
+  he said.
+      Metzenbaum said he introduced a bill to transfer antitrust
+  authority over airline mergers to the Justice Department in
+  hopes it would more restrictive than the Transportation
+  Department.
+  
+
diff --git a/reuters/training/7901 b/reuters/training/7901
new file mode 100644
index 0000000000000000000000000000000000000000..13dd7796d07db4d71422afba1eb16299c2d80834
--- /dev/null
+++ b/reuters/training/7901
@@ -0,0 +1,24 @@
+GPU <GPU> SEES TMI-2 FUEL PROBLEMS RESOLVED
+  General Public Utilities Corp
+  said the water-clarity problem delaying the removal of fuel
+  from the damaged Unit Two of the Three Mile Island nuclear
+  power plant appears to have been resolved.
+      The company said the slower than expected removal of the
+  fuel, which has been primarily due to the water-clarity
+  problems, is now expected to extend fuel removal into 1988.
+      A spokesman said the company had previously expected this
+  to be completed by the end of 1987 and has not estimated how
+  far into 1988 the process will extend. It still expects to
+  complete the entire clean-up by the end of 1988, he added.
+      GPU said its auditors, Coopers and Lybrand, again qualified
+  its opinion of GPU's financial statements, adding the recovery
+  of TMI-2 decommissioning costs to the unresolved issues leading
+  to the qualified opinion.
+      GPU said its operating subsidiaries will seek to recover
+  the costs of decommissioning TMI-2 in future rate proceedings.
+      As in past years, the qualified opinion continues to list
+  other uncertainties associated with the accident, which damaged
+  TMI-2 -- the recovery of cleanup costs and any payments for
+  damages that might exceed available insurance proceeds.
+  
+
diff --git a/reuters/training/7902 b/reuters/training/7902
new file mode 100644
index 0000000000000000000000000000000000000000..31eed5242f190c8a13668f5b22ee6fc5a1685a1c
--- /dev/null
+++ b/reuters/training/7902
@@ -0,0 +1,16 @@
+ECHLIN<ECH> EXPECTS CONTINUED PROFIT GROWTH
+  Echlin Inc said it expects
+  further earnings increases for the second half of fiscal 1987
+  ending in August due to unit sales growth and improved
+  operations.
+      "As expected, market conditions have improved so that
+  demand for automotive replacement parts is gradually and
+  steadily expanding," Echlin president Frederick Mancheski said.
+      Earlier, Echlin reported first half fiscal 1987, ended Feb
+  28, earnings of 23.2 mln dlrs, or 48 cts a share, up from 16.6
+  mln, or 40 cts a share, in the prior year's first half.
+      Also, Echlin said it had second quarter net income of 11.8
+  mln dlrs, or 24 cts per share, compared with net income of 8.3
+  mln dlrs, or 20 cts a share, in fiscal 1986's second quarter.
+  
+
diff --git a/reuters/training/7903 b/reuters/training/7903
new file mode 100644
index 0000000000000000000000000000000000000000..b6a4a7fa6b10bf5a869307cc0f4f80c3ab528a96
--- /dev/null
+++ b/reuters/training/7903
@@ -0,0 +1,20 @@
+ATT <T> COST-CUTTING EFFORTS ON TARGET
+  American Telephone and Telegraph Co
+  chairman James E. Olson said he is very pleased with the
+  company's efforts so far to cut costs.
+      He told a meeting of securities analysts that, although the
+  company is not yet at point in its cost-cutting drive to
+  improve profit margins, it is "on the right track."
+      Olson said ATT's cash flow was "very strong in the first
+  two months of the year, better than budgeted."
+      While Olson does not know if the company's earnings and
+  revenues will improve by yearend, he said ATT is "moving in the
+  proper direction."
+      For 1986, ATT's earnings dropped to 139 mln dlrs, or five
+  cts a share, on revenues of 34.1 billion dlrs, from 1.56
+  billion dlrs, or 1.37 dlrs a share, on revenues of 34.4 billion
+  dlrs in 1985.
+      During 1986 ATT took 3.2 billion dlrs in charges from
+  expenses related to reducing its work force by 32,000.
+  
+
diff --git a/reuters/training/7904 b/reuters/training/7904
new file mode 100644
index 0000000000000000000000000000000000000000..fe1affc76ef7abe0cc4da6f532ed9c71682ceea9
--- /dev/null
+++ b/reuters/training/7904
@@ -0,0 +1,34 @@
+HUDSON'S BAY WRITEOFF MAINLY DUE TO DOME STAKE
+  <Hudson's Bay Co> said a writeoff of
+  40.4 mln dlrs, or 1.39 dlrs per share, that it took in 1986 was
+  mainly due to its investment in Dome Petroleum Ltd <DMP>.
+       The company reported an operating profit of 33.0 mln dlrs,
+  or 32 cts per share, for fiscal 1986, compared to an operating
+  loss of 9,055,000 dlrs, or 1.23 dlrs per share, in the previous
+  year.
+       Hudson's Bay holds about four mln shares of Dome's 10 pct
+  series one cumulative subordinate convertible preferred shares.
+      Last March, Dome suspended payment of dividends on all
+  preferred shares until June 1, 1987. The shares give the holder
+  the right to convert to Dome common shares at 3.33 dlrs per
+  share.
+      Dome has the right to force conversion if Dome common
+  reaches 3.885 dlrs per share. Dome is trading at 1.12 dlrs per
+  share, down one ct, today on the Toronto Stock Exchange.
+      Hudson's Bay also said it had an increase in 1986 in retail
+  operating profit to 185.3 mln dlrs from 111.4 mln dlrs, but
+  that was partially offset by an increase of 14.9 mln dlrs in
+  interest costs and 25.3 mln dlrs in taxes.
+       Hudson's Bay also said its Markborough properties
+  subsidiary had an operating profit of 108.6 mln dlrs, up from
+  98.8 mln dlrs the year before.
+      Profit from non-Markborough real estate was 23.5 mln dlrs
+  in 1986, down from 27.6 mln dlrs a year ago.
+      Operating profit from natural resources was 4.2 mln dlrs,
+  up 1.2 mln dlrs from the prior year. Pensions costs were
+  reduced by 34.9 mln dlrs due to an accounting change. Total
+  debt declined during the year by 251 mln dlrs to 2.28 billion
+  dlrs and debt to equity ratio improved to 1.8 to one from 2.1
+  to one.
+  
+
diff --git a/reuters/training/7907 b/reuters/training/7907
new file mode 100644
index 0000000000000000000000000000000000000000..cce2d6ac1d49e0868be0a82ac6bb0ab1384490c7
--- /dev/null
+++ b/reuters/training/7907
@@ -0,0 +1,23 @@
+JAPAN OPENS HOME MARKET TO U.S. FISH
+  Japan has agreed to drop barriers to
+  American-caught herring and pollock, opening the way for
+  shipments that could reach 300 mln dlrs annually, U.S. Trade
+  Representative Clayton Yeutter announced.
+      Yeutter said the accord was reached after extensive
+  bilateral negotiations that ended earlier today in Tokyo.
+      He said the Commerce Department estimated U.S. shipments of
+  processed pollock products and herring should rise to 85 mln
+  dlrs this year and to more than 300 mln dlrs annually in later
+  years.
+      There was no immediate assessment of the value of current
+  U.S. shipments, but officials said the pact would lift quotas
+  to the point that Americans would be able to ship nearly all
+  the pollock and herring ordered by Japanese firms.
+      At the same time, Yeutter said Washington was temporarily
+  suspending a complaint with the General Agreement on Tariffs
+  and Trade (GATT) that Japan was unfairly curbing imports of the
+  two fish.
+      He said the complaint would be reviewed later this year
+  after an assessment to see if Japan lived up to the agreement.
+  
+
diff --git a/reuters/training/791 b/reuters/training/791
new file mode 100644
index 0000000000000000000000000000000000000000..0adb4bdc05dc14e2e94e6e79f09772cf270f6147
--- /dev/null
+++ b/reuters/training/791
@@ -0,0 +1,15 @@
+NYMEX RULE CHANGE SEEN BOOSTING ENERGY TRADE
+  The New York Mercantile Exchange said
+  it will introduce exchanges for physicals (EFPS) to its energy
+  futures markets April one.
+      An exchange spokeswoman said the change will allow oil
+  traders that do not hold a futures position to initiate, after
+  the exchange closes, a transaction that can subsequently be
+  hedged in the futures market.
+      EFPs, already in effect for platinum futures on NYMEX, are
+  expected to increase the open interest and liquidity in U.S.
+  energy futures, according to traders and analysts.
+      The Commodity Futures Trading Commission approved the rule
+  change in February, according to a CFTC spokeswoman.
+  
+
diff --git a/reuters/training/7912 b/reuters/training/7912
new file mode 100644
index 0000000000000000000000000000000000000000..ed8a06001d086d44cf00d7ebf0c70c2ef7a8c108
--- /dev/null
+++ b/reuters/training/7912
@@ -0,0 +1,11 @@
+FIRST FINANCIAL <FFMC> ACQUIRES TEL-A-DATA
+  First Financial Management Corp said it
+  acquired the data processing contracts and certain related
+  assets of Tel-A-Data L.P. for about 5.7 mln dlrs cash plus the
+  assumption of certain liabilities of about 2.5 mln dlrs.
+      Tel-A-Data serves about 50 bank and thrift institutions
+  through a processing center in Lombard, Illinois.
+      First Financial offers data processing services to over 800
+  financial institutions through 35 data processing centers.
+  
+
diff --git a/reuters/training/7913 b/reuters/training/7913
new file mode 100644
index 0000000000000000000000000000000000000000..16c9ee651e5ecaf61c0236f677312445e15a9843
--- /dev/null
+++ b/reuters/training/7913
@@ -0,0 +1,6 @@
+MCM CORP <MCMC> SETS QUARTERLY
+  Qtly div six cts vs six cts prior
+      Pay April 10
+      Record March 31
+  
+
diff --git a/reuters/training/7914 b/reuters/training/7914
new file mode 100644
index 0000000000000000000000000000000000000000..786fd7a9bac2ee80f7e304dbc96d6c2ef1ec6ed2
--- /dev/null
+++ b/reuters/training/7914
@@ -0,0 +1,8 @@
+THACKERAY CORP <THK> YEAR LOSS
+  Oper shr loss 22 cts vs loss 20 cts
+      Oper net profit 1,013,000 vs profit
+      2,219,000
+      Sales 77.0 mln vs 74.0 mln
+      Avg shrs 5,107,401 vs 5,361,793
+  
+
diff --git a/reuters/training/7917 b/reuters/training/7917
new file mode 100644
index 0000000000000000000000000000000000000000..da687774393ac4770ab46942cbb859212a0a39c1
--- /dev/null
+++ b/reuters/training/7917
@@ -0,0 +1,40 @@
+CONCERN OVER "EL NINO" IN PERU - USDA REPORT
+  There are heightened fears that "El
+  Nino" may be returning to Peru with an intensity approaching the
+  1983 disaster, which affected the weather on several continents
+  and caused widespread damage through floods and drought, the
+  U.S. Agriculture Department's officer in Lima said in a field
+  report.
+      Continued heavy rains in the northern coastal area,
+  flooding of several major rivers and mud slides have led to
+  increased concern, the report, dated March 17, said.
+      However, it said official sources still believe that this
+  year's El Nino will have only weak to moderate intensity.
+      EL Nino is a phenomenon involving a shift in winds and
+  waters in the pacific.
+      The USDA report said that so far the El Nino now being
+  experienced has not had an overall negative impact on
+  agricultural production.
+      Excessive rains in the Piura Pima cotton area may reduce
+  yields by about 20 pct due to excessive growth too early in the
+  crop cycle.
+      Also insect damage to crops could be more extensive where
+  excessive moisture exists, it said.
+      However, the El Nino has resulted in a much improved supply
+  of irrigation water in the major dams which will improve
+  prospects for many crucial crops such as rice and corn, and
+  slow the decline in sugar production, it said.
+      If El Nino picks up momentum, Peru's fishing industry could
+  receive a setback. But trade sources still believe the fish
+  catch for industrial processing will reach 5.5 mln tonnes in
+  1987, almost 20 pct above last year, the report said.
+      Water temperatures in the northern fishing areas are three
+  to four degrees centigrade above normal but still not high
+  enough to drive the fish to cooler southern waters, it said.
+      It said there is still the outside chance that El Nino will
+  intensify and carry on through late March, April and May
+  causing problems as crops approach harvest.
+      "There appears to be no way to project the course of El Nino
+  -- only time will tell," the report said.
+  
+
diff --git a/reuters/training/7918 b/reuters/training/7918
new file mode 100644
index 0000000000000000000000000000000000000000..3cba170a76f096c3f5b8301e332c2bd91b8e9d57
--- /dev/null
+++ b/reuters/training/7918
@@ -0,0 +1,44 @@
+ALLIED-LYONS SEES SUBSTANTIAL SECOND HALF GROWTH
+  <Allied-Lyons PLC> will report
+  substantial growth in the second half of fiscal 1987 ended
+  March 7, chairman Derrick Holden-Brown said in answer to
+  reporters' queries.
+      "You will certainly see substantial growth in Allied-Lyons
+  in the second half," Holden-Brown said following a presentation
+  to Toronto securities analysts.
+      Holden-Brown declined to say whether second half growth in
+  profit before taxes would exceed the 20.7 pct rise reported in
+  the first half. Allied-Lyons had first half profit of 148.0 mln
+  stg, up from 122.6 mln stg in the prior year.
+      Allied-Lyons will also have a full year extraordinary cost
+  of slightly more than seven mln stg for defence costs
+  associated with Elders IXL Ltd's failed take-over bid for the
+  company, Holden-Brown also said.
+      But that cost will be more than offset by an extraordinary
+  gain of about 60 mln stg on Allied-Lyons' sale of its 24.9 pct
+  interest in Australian brewers Castlemaine Toohey, he said.
+      "So with Australians, you win some and you lose some. But
+  hopefully you win them all in the end," Holden-Brown said.
+      Asked if he thought Allied-Lyons is vulnerable to other
+  take-over attempts, Holden-Brown replied: "No, I don't."
+      "We must never be complacent and we must always be very
+  watchful, but I think we would be very expensive," he said.
+      Holden-Brown said Allied-Lyons' share price to corporate
+  earnings ratio is now comparable with other leading companies
+  in the food and beverage industry.
+      "That was not the case two years ago. If the Australians had
+  come a little bit earlier, they might have had more luck, I
+  think," Holden-Brown said.
+      Holden-Brown said Allied-Lyons' move to acquire Hiram
+  Walker-Gooderham and Worts Ltd in March, 1986 during Elders
+  take-over bid for the company was "100 pct a growth action."
+      "We knew when we did it that it could be misconstrued, and
+  that people almost inevitably would say (the acquisition was)
+  defensive, but it never was," Holden-Brown told reporters.
+      Asked by securities analysts if Allied-Lyons plans a share
+  issue in Canada after acquiring a 51 pct interest in Hiram
+  Walker, Holden-Brown responded: "Plan might be too strong a
+  word. But I must say I do feel the need for Allied-Lyons to be
+  better known in Canada."
+  
+
diff --git a/reuters/training/7920 b/reuters/training/7920
new file mode 100644
index 0000000000000000000000000000000000000000..c60b5bb01a5b704e9f13264869bdb73ede5aabfb
--- /dev/null
+++ b/reuters/training/7920
@@ -0,0 +1,5 @@
+U.S. FROZEN ORANGE JUICE STOCKS - MARCH 1  102,618,000 GALLONS VS 97,111,000 YEAR AGO
+
+  U.S. FROZEN ORANGE JUICE STOCKS - MARCH 1  102,618,000 GALLONS VS 97,111,000 YEAR AGO
+  
+
diff --git a/reuters/training/7921 b/reuters/training/7921
new file mode 100644
index 0000000000000000000000000000000000000000..b9d365a388cdfc6ef61b213ac3b382b708e6d6ea
--- /dev/null
+++ b/reuters/training/7921
@@ -0,0 +1,5 @@
+U.S. COLD STORAGE STOCKS - MARCH 1 FROZEN PORK BELLIES - LBS - 34,471,000, VS A REVISED 34,900,000 ON FEB 1 AND 51,218,000 A YEAR AGO.
+
+  U.S. COLD STORAGE STOCKS - MARCH 1 FROZEN PORK BELLIES - LBS - 34,471,000, VS A REVISED 34,900,000 ON FEB 1 AND 51,218,000 A YEAR AGO.
+  
+
diff --git a/reuters/training/7922 b/reuters/training/7922
new file mode 100644
index 0000000000000000000000000000000000000000..9daf70b383768319d553275ce73b6ebabd2cf220
--- /dev/null
+++ b/reuters/training/7922
@@ -0,0 +1,6 @@
+<DRYCLEAN USA> YEAR NET
+  Shr 82 cts vs 63 cts
+      Net 1,661,000 vs 1,251,000
+      Revs 14.8 mln vs 11.6 mln
+  
+
diff --git a/reuters/training/7924 b/reuters/training/7924
new file mode 100644
index 0000000000000000000000000000000000000000..65acdfda9f4aeba970ff4210c9d1650d86a01199
--- /dev/null
+++ b/reuters/training/7924
@@ -0,0 +1,14 @@
+COLD STORAGE REPORT FOR BELLIES NEUTRAL/NEGATIVE
+  Chicago Mercantile Exchange floor
+  traders' immediate reaction to the cold storage report for pork
+  bellies was neutral to slightly negative.
+      Frozen pork belly stocks at 34.5 mln lbs on March 1
+  compared with a revised 34.9 mln lbs on February 1 for a net
+  out movement of 0.5 mln lbs.
+      The number on hand compared with trade guesses of 33.5 to
+  36 mln lbs and the year ago figure of 51.2 mln lbs.
+      Traders said the figure was toward the upper end of
+  expectations and may provide slight downward pressure because
+  of recent sharp gains in futures.
+  
+
diff --git a/reuters/training/7927 b/reuters/training/7927
new file mode 100644
index 0000000000000000000000000000000000000000..d6b7fc0236585ca632ee13a2a6d222962978d5f5
--- /dev/null
+++ b/reuters/training/7927
@@ -0,0 +1,68 @@
+BALLY <BLY> SEEN SELLING OFF HEALTH UNIT
+  Bally Manufacturing Corp's proposed
+  public offering of 24 pct of its Health and Tennis Corp unit is
+  seen as the first step towards the sale of the entire unit,
+  analysts said.
+      "In the longer-term horizon, Bally wants to concentrate on
+  its gaming businesses," said analyst Dennis Forst of Seidler
+  Amdec Securities Inc.
+      Last week, Bally said it was considering the sale of
+  another non-casino unit, its Six Flags amusement park unit,
+  which analysts said could fetch about 300 mln dlrs.
+      Bally spokesman Bill Peltier said "the company currently
+  has no hard plans to the sell any more of the health club
+  company, but in the long term we'll wait and see how the
+  offering goes."
+      Once Bally's biggest revenue producer, the health club unit
+  had 1986 operating income of 60 mln dlrs on revenues of 456.2
+  mln dlrs, 28 pct of Bally's revenues. Analysts estimate the
+  unit could be sold for for 300-500 mln dlrs.
+      Analysts said Bally's decision to offer shares in the unit
+  could be the first step to selling it.
+      "It would seem obvious that an offering would decrease the
+  health club unit's debt, increase its cash flow and operating
+  income, making it an attractive buy to a third party," Steven
+  Eisenberg of Bear Stearns said.
+      On Monday, Bally said it filed with the Securities and
+  Exchange Commission for an initial offering of 24 pct, or 5.8
+  mln shares, of the unit's common stock at 13-15 dlrs a share.
+     About half the proceeds, 40 mln dlrs, will be used to reduce
+  parent Bally Manufacturing's debt which has swelled to 1.6
+  billion dlrs due to recent hotel acquisitions and the purchase
+  of shares from Donald Trump who had threatened a hostile
+  takeover, according to Bally treasurer Paul Johnson.
+      Remaining proceeds from the stock offering and from a
+  separate offering of 50 mln dlrs of 20-year convertible
+  subordinated debt would be used to repay about 75 mln dlrs of
+  short term senior bank debt of the health chain unit, a Bally
+  spokesperson said.
+      Analysts said Bally's health club unit's profits have
+  remained strong, but are skeptical about the industry's long
+  range prospects.
+      "The fitness club industry, over the last 10 years, has
+  grown tremendously, but the question is whether its a fad or a
+  permanent part of our lifestyle," said Eisenberg of Bear
+  Stearns.
+      Analysts said fitness clubs will likely flourish if the
+  public stays at its peak of health consciousness, but that
+  overcapacity is likely to occur as consumer enthusiasm wanes.
+       In addition, "the returns in the fitness club industry are
+  just not as high as they are in the gaming industry," said one
+  analyst.
+       There are about 6,500 fitness clubs in the U.S., excluding
+  clubs run by not-for-profit organizations, according to the
+  Association of Physical Fitness Centers who estimates it to be
+  an 8.0-billion-dlr-a-year industry.
+       Asked if anyone has offered to buy the unit, which is the
+  nation's largest health club chain, Peltier said, "no one has
+  the money to offer to buy it."
+      "The fitness industry is a fragmented industry with no
+  leader and there is a great opportunity for growth through
+  acquisition and then standardization," said Wayne LaChapelle,
+  chief financial officer of Livingwell INc <WELL>, the nation's
+  second largest fitness chain operator whih
+      LaChapelle said Livingwell is always interested in
+  acquisition opportunities but "could not afford an acquisition
+  the size of Bally at this time."
+  
+
diff --git a/reuters/training/7928 b/reuters/training/7928
new file mode 100644
index 0000000000000000000000000000000000000000..8f7d674f7233fcbd57fb419ffae8194205c703a2
--- /dev/null
+++ b/reuters/training/7928
@@ -0,0 +1,10 @@
+COMMERCIAL CREDIT <CCC> UNIT SELLS DIVISION
+  Commercial Credit Co said its
+  American Health and Life Insurance Co sold its ordinary life
+  insurance business to American National Insurance Co <ANAT>.
+      American National will assume the business no later than
+  August 31, 1987, Commercial Credit said.
+      The sale is part of a restructuring program begun by
+  Commercial Credit's subsidiary in late 1986, the company said.
+  
+
diff --git a/reuters/training/793 b/reuters/training/793
new file mode 100644
index 0000000000000000000000000000000000000000..dc3c702ebdd15a358eee20fbc363501c54d55154
--- /dev/null
+++ b/reuters/training/793
@@ -0,0 +1,16 @@
+U.S. REFINERY COPPER STOCKS FALL IN JANUARY
+  Refined copper stocks held by U.S.
+  refineries fell to 109,200 short tons at the end of January
+  from 145,400 short tons at the end of December, the American
+  Bureau of Metal Statistics reported.
+      Commodity Exchange (Comex) copper stocks climbed to 103,000
+  tons in January from 93,300 tons in December. Combined refinery
+  and Comex stocks eased to 212,200 tons in January
+  from 238,700 tons in December.
+      U.S. refined production declined to 117,600 tons in January
+  from 137,400 tons in December. Crude output increased to 98,600
+  tons in January from 93,300 tons (revised lower) in December.
+      Preliminary figures showed U.S. refined deliveries rose to
+  151,800 tons in January from 124,800 tons in December.
+  
+
diff --git a/reuters/training/7930 b/reuters/training/7930
new file mode 100644
index 0000000000000000000000000000000000000000..147c1fe3bfa8fe0bc566e4fe985fe5f0855223fe
--- /dev/null
+++ b/reuters/training/7930
@@ -0,0 +1,17 @@
+DELTA SAYS COURT ORDER WILL NOT DELAY MERGER
+  Delta Air Lines <DAL> said a court
+  order requiring Western Air Lines <WAL> to arbitrate with two
+  of its unions will not delay the April 1 merger between the two
+  airlines.
+      The order, which was issued by the Ninth Circuit Court of
+  Appeals, requires Western to discuss with its two unions
+  whether Western's labor contracts will be binding for Delta,
+  Delta said.
+      "Nevertheless, the court order could cause significant
+  personnel problems, including the possible delay of wage
+  increases Delta had planned to give the Western personnel on
+  April 1," Ronald Allen, Delta's president, said.
+      Delta said it feels the court has erred and should
+  reconsider the order.
+  
+
diff --git a/reuters/training/7934 b/reuters/training/7934
new file mode 100644
index 0000000000000000000000000000000000000000..dcd79c4b454278b2c3683c1bfd5ff5b5e67c0bb8
--- /dev/null
+++ b/reuters/training/7934
@@ -0,0 +1,53 @@
+ANALYST SAYS USSR WINTER GRAINS HURT BY WEATHER
+  The Soviet Union's winter grain
+  crop is likely to have suffered losses due to dry planting
+  conditions last fall and severe cold this winter, an analyst of
+  world weather and crop conditions said.
+      Grain analyst and meteorologist Gail Martell, author of the
+  EF Hutton publication "Global Crop News," said in her latest
+  report that the Soviets may import more grain, possibly wheat,
+  from the U.S. due to potential crop damage.
+      "Compared with last year, the outlook (for the Soviet
+  winter grain crop) is far more pessimistic," she said. "But
+  it's still too early to talk about disastrous losses. A lot
+  will depend on spring weather, not only for the outcome of the
+  troubled winter grain crop, but also for spring planting."
+      Martell said the dry weather conditions last fall probably
+  prevented optimal seed germination for winter grains. Key wheat
+  growing areas of the southern Ukraine and North Caucasus
+  received on 25-35 pct of autumn precipitation, she said.
+      The bitter winter cold temperatures -- which broke record
+  lows that had stood for four decades -- also may have taken its
+  toll on Soviet winter crops, she said.
+      However, she noted that most of the southern grain belt had
+  ample snow cover, which should have well-insulated the majority
+  of crop areas from severe frost damage.
+      The USSR has already bought 20 to 21 mln tonnes of grains
+  in the July 1986/June 1987 marketing year, primarily from
+  Canada, the European Community, Argentina and Australia,
+  Martell said.
+      She cited a number of reasons besides possible crop
+  problems that might point to additional Soviet import demand.
+      Last fall's dry weather may limit livestock grazing on
+  moisture-depleted pastures, while the cold winter weather
+  necessitated supplemental feeding to keep livestock healthy.
+      Martell was also skeptical of a Soviet claim for a 1986
+  grain harvest of 210 mln tonnes, and said the Chernobyl
+  accident may have contaminated more grain than originally
+  thought and have to be made up with imports.
+      However, she said the U.S. remains a supplier of last
+  resort for the Soviet Union, noting that the Soviets have only
+  just recently begun their first U.S. grain purchases of the
+  1986/87 season by buying 2.25 mln tonnes of corn.
+      Martell cited USDA statistics showing that since the 1980
+  grain embargo the U.S. is only a major supplier of grain to the
+  USSR during years of heavy Soviet demand.
+      In 1984/85, the U.S. supplied 41 pct of record Soviet grain
+  imports of 55.5 mln tonnes. But in 1985/86, the Soviet Union
+  bought 29.9 mln tonnes of grain and turned to the U.S. for only
+  24 pct of that total.
+      While the USDA Soviet import target for grain for 1986/87
+  was 22 mln tonnes, many U.S. grain analysts have revised their
+  estimates of Soviet imports up to 25-28 mln tonnes, she said.
+  
+
diff --git a/reuters/training/7935 b/reuters/training/7935
new file mode 100644
index 0000000000000000000000000000000000000000..01aa664b0c29cdfa7087d3bef573d7c4ae848009
--- /dev/null
+++ b/reuters/training/7935
@@ -0,0 +1,12 @@
+INTEGRATED GENERICS <IGN> MAY SELL 10 PCT OF UNIT
+  Integrated Generics Inc said it
+  is discussing with an unnamed pharmaceutical distributor the
+  sale of 10 pct of its A.N.D.A. Development Corp subsidiary for
+  200,000 dlrs.
+      Integrated said its subsidiary, Biopharmaceutics, is
+  negotiating with the same unnamed distributor to sell it five
+  prescription drugs.
+      The company said it can release no other details at this
+  time.
+  
+
diff --git a/reuters/training/7937 b/reuters/training/7937
new file mode 100644
index 0000000000000000000000000000000000000000..86c57f298dc7ee14117696bcde9acbdbd40bfe55
--- /dev/null
+++ b/reuters/training/7937
@@ -0,0 +1,53 @@
+MEXICO'S RESERVES REACH EIGHT BILLION DLRS
+  Additional capital inflows of 1.5
+  billion dlrs so far this year have boosted Mexico's reserves to
+  about eight billion dlrs, director of public credit Angel
+  Gurria told reporters.
+      Money has been coming back to Mexico because of improved
+  investor confidence and because a tight monetray policy has
+  forced credit-starved industries to repatriate capital. Inflows
+  totalled a billion dlrs in fourth-quarter 1986.
+      Gurria said Mexico is not accumulating reserves for the
+  sake of it. He said its new loans will increase the pool of
+  funds available for badly needed investment.
+      Once the first tranche of its new six billion dlr loan is
+  drawn down in the second quarter, Mexico will still only have
+  enough reserves to pay for imports and debt service for four or
+  five months, Gurria noted.
+      Nevertheless, Gurria said Mexico does not expect to draw on
+  the commercial banks' 1.2 billion dlr investment-support
+  contingency facility. That money will be available until April
+  1988 if Mexico's export receipts and the price of oil fall
+  below certain levels. But Mexico failed to qualify for the
+  first two drawings totalling 451 mln dlrs, and Gurria said
+  today, "We expect we'll never have to use it."
+      Gurria said Mexico will know by June whether it can draw on
+  the second contingency facility included in the bank financing
+  package - a 500 mln dlr growth co-financing loan with the World
+  Bank.
+      Finance minister Gustavo Petricioli said he had signed
+  yesterday a 250 mln dlr loan with the World Bank to support the
+  development of exports of manufactured goods.
+      He also said the first 250 mln dlr tranche of a one billion
+  dlr loan from the Japanese government to support steel, oil and
+  export promotion will be disbursed at the end of the month.
+      Mexico is also due to make the third drawing from its
+  International Monetary Fund standby credit in the next few days
+  based on a successful review of end-1986 economic results.
+      Petricioli said Mexico is in the final stages of
+  discussions which will determine quantitative economic targets
+  for 1987 which will allow it to continue to draw from the IMF
+  for the rest of 1987.
+      Petricioli reported that Mexico has so far concluded eight
+  bilateral accords with government creditors within the Paris
+  Club.
+      Sixteen governments signed the Paris Club umbrella
+  agreement last September, which restructured 1.8 billion dlrs
+  of official debt, and Petricioli said he hopes to finalize
+  pacts with the remaining eight countries in the next few weeks.
+      In keeping with the spirit of the September agreement, he
+  said all countries from the Organization of Economic
+  Cooperation and Development have continued to provide export
+  credit facilities for Mexico, despite the debt restructuring.
+  
+
diff --git a/reuters/training/7939 b/reuters/training/7939
new file mode 100644
index 0000000000000000000000000000000000000000..34a69936985dc364d7f6ddcf08adbf7035b91b9f
--- /dev/null
+++ b/reuters/training/7939
@@ -0,0 +1,16 @@
+NAVISTAR <NAV> UP ON HIGHER EARNINGS OPINION
+  Navistar International Corp's stock
+  rose after brokerage house Sanford C. Bernstein and Co raised
+  its earnings estimate of the company based on expectations of
+  better truck orders and truck tonnage, traders said.
+      Navistar led the active list with a gain of 1/4 to 7-1/4 on
+  volume of 4.2 mln shares.
+      Traders familiar with the opinion said that David
+  Eisenberg, director of Sanford C. Bernstein and Co's
+  institutional strategy committee, raised his earnings estimates
+  to 80 cts a share for the current fiscal year ending in
+  October. He expects Navistar to earn 1.20 dlrs a share next
+  year. In 1986, the company lost 14 cts a share.
+      Eisenberg was unavailable for comment.
+  
+
diff --git a/reuters/training/7940 b/reuters/training/7940
new file mode 100644
index 0000000000000000000000000000000000000000..2bcf2e558d96731b563336936bd501ef27b247a2
--- /dev/null
+++ b/reuters/training/7940
@@ -0,0 +1,40 @@
+ICN PHARMACEUTICALS <ICN> SEEKING ACQUISITION
+  ICN Pharmaceuticals Inc  has
+  about 500 mln dlrs in cash and another 1.50 billion dlrs in
+  available credit, which it intends to use to buy a
+  pharmaceutical company, Chairman Milan Panic said.
+      At the company's annual meeting, he said an acquisition
+  could take place in the next 24 months.
+      "The company has nearly two billion dlrs available for
+  acquisition today," Panic said, adding, "We are investigating a
+  number of companies." One company being studied could possibly
+  be acquired on a friendly basis, he said.
+      Panic also said he intends to seek board approval today to
+  repurchase up to three mln ICN common shares.
+      Discussing the possibility of an acquisition, Panic said
+  the such a purchase is necessary because ICN's current
+  marketing capability would not be sufficient to support
+  distribution of the company's products, given ICN's
+  expectations for market growth worldwide.
+      ICN's principal product is ribavirin, also known as
+  Virazole. The drug is marketed in a number of countries and
+  described as a broad-based anti-viral.
+      The company has said its possible applications include
+  treatment of some types of hepatitis, herpes, influenza,
+  childhood diseases and hemorrhagic fevers.
+      ICN has been the focus of consirable investor attention in
+  recent months because of Virazole, which has undergone clinical
+  trials as a possible treatment of some AIDS-related diseases.
+      Panic said today he would not discuss the drug with regard
+  to AIDS until the Food and Drug Administration completes its
+  review of data submitted by the company.
+      He said an investigation of the drug being conducted by a
+  House Subcommittee is continuing.
+      The subcommittee and the FDA have acknowledged they are
+  conducting separate investigations to determine whether or not
+  ICN witheld data from the FDA on adverse reactions to the drug.
+      Virazole is approved for marketing in the U.S. in aerosol
+  form as a treatment for an infection that strikes infants,
+  called respiratory syncytial virus.
+  
+
diff --git a/reuters/training/7942 b/reuters/training/7942
new file mode 100644
index 0000000000000000000000000000000000000000..e9e78274c0ed6dcec90345e645d93ebdde2e3028
--- /dev/null
+++ b/reuters/training/7942
@@ -0,0 +1,6 @@
+JUSTIN INDUSTRIES INC <JSTN> SETS DIVIDEND
+  Qtly div 10 cts vs 10 cts prior
+      Pay April 10
+      Record March 27
+  
+
diff --git a/reuters/training/7943 b/reuters/training/7943
new file mode 100644
index 0000000000000000000000000000000000000000..212b3b59d9fcc6c4aea223cba8004056e5c47bc4
--- /dev/null
+++ b/reuters/training/7943
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 150,000 TONNES CORN  CORN SWITCHED FROM UNKNOWN TO USSR FOR 1986/87
+
+  U.S. EXPORTERS REPORT 150,000 TONNES CORN  CORN SWITCHED FROM UNKNOWN TO USSR FOR 1986/87
+  
+
diff --git a/reuters/training/7948 b/reuters/training/7948
new file mode 100644
index 0000000000000000000000000000000000000000..55ebda0c674080ab4122bb0781be8bb798742464
--- /dev/null
+++ b/reuters/training/7948
@@ -0,0 +1,13 @@
+SCHOLASTIC INC <SCHL> 3RD QTR FEB 28 NET
+  Shr 1.55 dlrs vs 70 cts
+      Net 3,409,000 vs 1,455,000
+      Rev 54.1 mln vs 45.3 mln
+      Nine months
+      Shr 1.60 dlrs vs 10 cts
+      Net 3,517,000 vs 211,000
+      Rev 144.4 mln vs 127.0 mln
+      NOTE: Qtr net includes extraordinary gain of 1.2 mln dlrs,
+  versus 155,000 dlrs for fiscal 1986's third quarter, and a
+  non-recurring pre-tax gain of 720,000 dlrs.
+  
+
diff --git a/reuters/training/7949 b/reuters/training/7949
new file mode 100644
index 0000000000000000000000000000000000000000..adfccbce70d5ea4e7d9fc070aadbb4254fdeb739
--- /dev/null
+++ b/reuters/training/7949
@@ -0,0 +1,8 @@
+KLEINWORT BENSON <KBA> UNIT SETS FIRST DIVIDEND
+  Kleinwort Benson International
+  Investment Ltd's subsidiary, Kleinwort Benson Australian Income
+  Fund, a closed end management investment company, declared its
+  first quarterly dividend of 36.5 cts payable April 16 to
+  shareholders of record April 1.
+  
+
diff --git a/reuters/training/7950 b/reuters/training/7950
new file mode 100644
index 0000000000000000000000000000000000000000..eb4b7d6365a621af7ab8f62f17f91efac79adbe3
--- /dev/null
+++ b/reuters/training/7950
@@ -0,0 +1,27 @@
+G-10 FINANCE OFFICIALS DISCUSS DEBT, CURRENCIES
+  Deputy Finance Ministers from the Group
+  of 10 leading western industrialised countries met here to
+  discuss the world debt crisis, trade imbalances and currency
+  stability today following last month's Paris monetary accord,
+  sources close to the talks said.
+      The officials met at the offices of the International
+  Monetary Fund (IMF) to discuss broad aspects of world monetary
+  policy in preparation for the IMF's interim committee meeting
+  in Washington in April.
+      The talks were the first high-level international review of
+  the monetary situation since the accord last month reached by
+  the U.S., West Germany, France, Britain, Japan and Canada to
+  stabilise world currency markets at around present levels
+  following the 40 pct slide in the dollar since mid-1985.
+      Other countries represented at today's talks were Italy,
+  which refused to attend last month's meeting on the grounds
+  that it was being excluded from the real discussions, the
+  Netherlands, Belgium and Switzerland.
+      Many of the officials had met earlier today and yesterday
+  within the framework of the Organisation for Economic
+  Cooperation and Development (OECD) to review the slow progress
+  being made in cutting the record 170 billion dlr U.S. Trade
+  deficit and persuading West Germany and Japan to open their
+  economies to more foreign imports.
+  
+
diff --git a/reuters/training/7951 b/reuters/training/7951
new file mode 100644
index 0000000000000000000000000000000000000000..38c1fa1cb97ca2211b5359f15496bb893e42bb4e
--- /dev/null
+++ b/reuters/training/7951
@@ -0,0 +1,13 @@
+CCC GUARANTEES TO TURKEY SWITCHED TO MEALS-USDA
+  The Commodity Credit Corporation,
+  CCC, has reallocated 15.0 mln dlrs in credit guarantees to
+  Turkey previously earmarked for sales of U.S. oilseeds to
+  provide coverage for sales of U.S. protein meals in fiscal year
+  1987, the U.S. Agriculture Department said.
+      The department said the action reduces the guarantee line
+  authorized for sales of oilseeds to 5.0 mln dlrs from 20.0 mln
+  dlrs and creates the new line for protein meals.
+      All sales under the credit lines must be registered and
+  exports completed by September 30, 1987, it said.
+  
+
diff --git a/reuters/training/7953 b/reuters/training/7953
new file mode 100644
index 0000000000000000000000000000000000000000..ec5c0ba371e42f372abe5c3ab6918cfe9adbf311
--- /dev/null
+++ b/reuters/training/7953
@@ -0,0 +1,18 @@
+VERNITRON CORP <VRN> 4TH QTR AND YEAR LOSS
+  Oper shr loss 49 cts vs loss 10 cts
+      Oper net loss 3,014,000 vs loss 656,000
+      Revs 22.7 mln vs 23.6 mln
+      12 mths
+      Oper shr loss 19 cts vs profit 40 cts
+      Oper net loss 1,142,000 vs profit 2,476,000
+      Revs 93.3 mln vs 99.0 mln
+      NOTE: qtr 1986 and prior qtr excludes loss discontinued
+  operations 2,441,000 and 4,078,000, respectively.
+      Year 1986 and prior excludes loss discontinued operations
+  3,509,000 and 5,278,000, respectively.
+      qtr and year 1986 excludes tax loss 1,557,000 and loss
+  151,000, respectively.
+      qtr and year prior excludes tax gain 833,000 and 3,346,000,
+  respectively.
+  
+
diff --git a/reuters/training/7954 b/reuters/training/7954
new file mode 100644
index 0000000000000000000000000000000000000000..5d41e3c547ddffa290d26602f335cdd1d54b0af1
--- /dev/null
+++ b/reuters/training/7954
@@ -0,0 +1,11 @@
+GOODY PRODUCTS INC <GOOD> YEAR END OPER NET
+  Oper shr 1.21 vs 88 cts
+      Oper net 7,767,000 vs 5,494,000
+      Revs 163.7 mln vs 133.5 mln
+      NOTE: 1986 and 1985 oper net excludes a loss of 1,332,000
+  dlrs and a profit of 319,000 dlrs, respectively, for
+  discontinued operations.
+      Earnings per shr are restated to reflect 3-for-2 stock
+  split effective July one, 1986.
+  
+
diff --git a/reuters/training/7955 b/reuters/training/7955
new file mode 100644
index 0000000000000000000000000000000000000000..4689bdc1c457a186e5ff605feb59d3f5bff7f726
--- /dev/null
+++ b/reuters/training/7955
@@ -0,0 +1,6 @@
+VMS MORTGAGE INVESTORS L.P. <VMLPZ> MONTLY DIV
+  DIst nine cts vs nine cts prior
+      Payable May 14
+      Record April one
+  
+
diff --git a/reuters/training/7956 b/reuters/training/7956
new file mode 100644
index 0000000000000000000000000000000000000000..7551fb6dd36346640d9504a61b961b425b27431a
--- /dev/null
+++ b/reuters/training/7956
@@ -0,0 +1,6 @@
+PEPS BOYS-MANNY, MOE AND JACK <PBY> SET PAYOUT
+  Qtly div 5.5 cts vs 5.5 cts prior
+      Pay April 27
+      Record April one.
+  
+
diff --git a/reuters/training/7957 b/reuters/training/7957
new file mode 100644
index 0000000000000000000000000000000000000000..7969cc48536bf2394c17feb67575c612607d6fab
--- /dev/null
+++ b/reuters/training/7957
@@ -0,0 +1,16 @@
+CCC ACCEPTS EXPORT BONUS ON SEMOLINA TO EGYPT
+  The Commodity Credit Corporation,
+  CCC, has accepted a bid for an export bonus to cover a sale of
+  6,000 tonnes of semolina to Egypt, the U.S. Agriculture
+  Department said.
+      The department said the semolina is for shipment
+  April-October, 1987, and the bonus awarded was 224.87 dlrs per
+  tonne.
+      The bonus was made to International Multifoods Corp and
+  will paid to the exporter in the form of commodities from CCC
+  stocks, the department said.
+      An additional 7,000 tonnes of semolina are still available
+  to Egypt under the Export Enhancement Program initiative
+  announced August 1, 1986, it said.
+  
+
diff --git a/reuters/training/7958 b/reuters/training/7958
new file mode 100644
index 0000000000000000000000000000000000000000..cc7861699f09fd088a68e69aa87117fc09134668
--- /dev/null
+++ b/reuters/training/7958
@@ -0,0 +1,7 @@
+VMS MORTGAGE INVESTORS <VMTGZ> RAISES PAYOUT
+  VMS Mortgage Investors LP II said it
+  raised its first quarter 1987 cash dividend to 21 cts from 20
+  cts the prior quarter payable May 14, 1987, to shareholders of
+  record April One, 1987.
+  
+
diff --git a/reuters/training/7959 b/reuters/training/7959
new file mode 100644
index 0000000000000000000000000000000000000000..cc09e9a5813eb5765735ba4f725f434d8d84b844
--- /dev/null
+++ b/reuters/training/7959
@@ -0,0 +1,27 @@
+REGENCY CRUISES <SHIP> SELLS SHIP INTEREST
+  Regency Cruises Inc said it agreed to
+  sell a 40 pct interest in the corporation that owns the M/V
+  Regent Sea cruise ship for 2.1 mln dlrs to Monmouth
+  International SA, which owns the other 60 pct.
+      The company said it also extended a 1.7 mln dlr secured
+  loan to Monmouth to finance completion of the renovation of
+  another vessel, the M/V Regent Star, which is scheduled to
+  begin operating in late June.
+      Regency Cruises, which operates both ships, received a
+  five-year extension, to November 1995, to the Regent Sea's
+  original charter agreement, it said. It also received a
+  reduction, to 600,000 dlrs from 1.6 mln dlrs, of its total
+  charter guarantee for the Regent Sea and Regent Star.
+      Regency also reported 1986 earnings of 5,695,000 dlrs or 37
+  cts a share on revenues of 40.9 mln dlrs. It began operations
+  in November 1985.
+      In addition, the company said its bank, Irving Bank Corp
+  <V>, agreed to waive a one mln dlr counter guarantee for the
+  bank to provide a 2.6 mln dlrs guarantee for Regency's Federal
+  Maritime Commission bond.
+      The company said after April 3 the exercise price of its
+  warrants will return to two dlrs until they expire April 21.
+  The price had been reduced to 1.50 dlrs for the three weeks
+  ending April 3.
+  
+
diff --git a/reuters/training/7961 b/reuters/training/7961
new file mode 100644
index 0000000000000000000000000000000000000000..d153ca1aaacf5b82703bbcd51299ca1fd3431dea
--- /dev/null
+++ b/reuters/training/7961
@@ -0,0 +1,15 @@
+FREIGHT, INSURANCE PROPOSED FOR CCC SALES - USDA
+  the U.S. Agriculture Department is
+  proposing to permit coverage of freight cost and marine and war
+  risk insurance for sales  of all agricultural commodities sold
+  on credit terms under the Commodity Credit Corporation's, CCC,
+  credit guarantee programs.
+      The proposal only applies to commodities that are sold by
+  exporters on a cost and freight, C and F, or cost, insurance
+  and freight, CIF, basis, since these costs would be included in
+  the exporter's sale price to the foreign buyer, it said.
+      Under current programs, freight costs can be covered only
+  for export sales of U.S. breeding animals.
+      It asked for comments on the proposal by April 20.
+  
+
diff --git a/reuters/training/7962 b/reuters/training/7962
new file mode 100644
index 0000000000000000000000000000000000000000..8e3a119da1440bcbc2e3bfeea3d568a1d8a22e26
--- /dev/null
+++ b/reuters/training/7962
@@ -0,0 +1,15 @@
+CCC ACCEPTS EXPORT BONUS FOR CATTLE TO EGYPT
+  The U.S. Commodity Credit
+  Corporation (CCC) has accepted a bid for an export bonus to
+  cover a sale of 186 head of dairy cattle to Egypt, the U.S.
+  Agriculture Department said.
+      The department said the cattle are for delivery May 7-June
+  7, 1987, and the bonus awarded was 1,888.06 dlrs per head.
+      The bonus was made to First Interstate Trading Co and will
+  be paid to the exporter in the form of commodities from CCC
+  stocks, the department said.
+      An additional 7,959 head of dairy cattle are still
+  available to Egypt under the Export Enhancement Program
+  initiative announced September 12, 1986, it said.
+  
+
diff --git a/reuters/training/7963 b/reuters/training/7963
new file mode 100644
index 0000000000000000000000000000000000000000..9c18f512178f21058ee8980909e27981f1cfdcf6
--- /dev/null
+++ b/reuters/training/7963
@@ -0,0 +1,14 @@
+CLARK EQUIPMENT <CKL> BUYS 1.3 MLN SHARES
+  Clark Equipment Co said it has
+  purchased 1,339,000 shares of its common stock from an investor
+  group led by Arthur M. Goldberg for 26.375 dlrs a share.
+      It said the purchase reduces the number of shares of Clark
+  common stock to be purchased under its stock repurchase plan
+  announced March 10. At the time the company said it would buy
+  back 3.0 mln shares, or 16 pct of the outstanding stock.
+       Clark Equipment also said the investor group agreed to
+  enter into a standstill agreement which prohibits members of
+  the group from purchasing shares of voting securities of Clark
+  for 10 years.
+  
+
diff --git a/reuters/training/7964 b/reuters/training/7964
new file mode 100644
index 0000000000000000000000000000000000000000..a2fd4f7c5056e8b3e21299675092eeab4436cc88
--- /dev/null
+++ b/reuters/training/7964
@@ -0,0 +1,14 @@
+YANKEE COS <YNK> UNIT TO SELL ASSSETS
+  Yankee Cos Inc's Eskey Inc <ESK>
+  subsidiary said it reached an agreement in principle to sell
+  its Eskey's Yale E. Key Inc subsidiary to a new concern formed
+  by Key's management and a private investor for about 15.5 mln
+  dlrs.
+      As part of sale, Eskey said the buyers will assume the 14.5
+  mln dlrs of publicly held Eskey 10-3/4 pct debentures due 2003.
+  It said the debentures will continue to be converted into
+  Yankee preferred. The remainder of the price will be a one mln
+  dlr note to Eskey. Yankee said the sale will result in a loss
+  of 1.5 mln dlrs.
+  
+
diff --git a/reuters/training/7966 b/reuters/training/7966
new file mode 100644
index 0000000000000000000000000000000000000000..e3ce572e4599b1b743097a93a829b20cb4d5c65b
--- /dev/null
+++ b/reuters/training/7966
@@ -0,0 +1,14 @@
+WENDY'S <WEN> DECLNES COMMENT ON MARKET RUMORS
+  Wendy's International Inc declined to
+  comment on vague rumors by traders that it might be a takeover
+  target.
+      Wendy's is currently trading up one at 11-3/4 on turnover
+  of more than 1.6 mln shares.
+      A Wendy's spokesman said it was corporate policy not to
+  comment on market rumors.
+      He further declined to attribute active trading in Wendy's
+  stock to a published report which stated Wall Street
+  professionals believe that Wendy's was possibly being studied
+  by Coca Cola Co (KO) with view to a possible acquisition.
+  
+
diff --git a/reuters/training/7967 b/reuters/training/7967
new file mode 100644
index 0000000000000000000000000000000000000000..00c623844362d86be9342f282f6cd5e9a825a227
--- /dev/null
+++ b/reuters/training/7967
@@ -0,0 +1,8 @@
+GOODY <GOOD> TO SELL UNIT TO UNION CAMP <UCC>
+  Goody Products Inc said it entered
+  into an agreement to sell its J. and P.B. Myers packaging
+  business to Union Camp Corp to focus on its consumer products
+  and automated distribution system businesses.
+      Terms of the agreement were not disclosed.
+  
+
diff --git a/reuters/training/7968 b/reuters/training/7968
new file mode 100644
index 0000000000000000000000000000000000000000..ef5aeadfca9b02e30bc78b51e76e2625f8e0e576
--- /dev/null
+++ b/reuters/training/7968
@@ -0,0 +1,17 @@
+CHAMPION PARTS<CREB> ASKS DECLARATORY JUDGMENT
+  Champion Parts Rebuilders Inc
+  said it asked the Federal District Court in Chicago for a
+  declaratory judgment upholding its recent 5.4 mln dlr sale of
+  common shares and warrants to Echlin Inc <ECH>.
+      Champion said in hearings Thursday morning before the
+  federal judge on its lawsuit charging federal securities law
+  violations against Cormier Corp, Odilon Cormier, Morris Navon
+  and other defendants, the Cormier-Navon defendants indicated
+  they would challenge the transaction.
+      Champion's suit claims that various Champion investors
+  alligned themselves with Cormier and Navon who failed to
+  disclose properly under federal laws that they were acting in
+  concert and they intended to spin off parts of the company and
+  sell the balance within two years once they got control.
+  
+
diff --git a/reuters/training/7969 b/reuters/training/7969
new file mode 100644
index 0000000000000000000000000000000000000000..4e0d0d56ed6eafa731964dabb847cd99c034eec3
--- /dev/null
+++ b/reuters/training/7969
@@ -0,0 +1,5 @@
+CYACQ RAISES OFFER FOR CYCLOPS TO 92.50 DLRS/SHARE FROM 80 DLRS
+
+  CYACQ RAISES OFFER FOR CYCLOPS TO 92.50 DLRS/SHARE FROM 80 DLRS
+  
+
diff --git a/reuters/training/797 b/reuters/training/797
new file mode 100644
index 0000000000000000000000000000000000000000..4007ccbe8fee3b33609b8ef155b29ac5c68d45ed
--- /dev/null
+++ b/reuters/training/797
@@ -0,0 +1,13 @@
+CCL UNIT ACQUIRES NESTLE CANADA CAN OPERATIONS
+  <CCL Industries Inc>'s Continental Can
+  Canada Inc unit said it acquired the Wallaceburg, Ontario,
+  metal can making operations of Nestle Enterprises Ltd, wholly
+  owned by <Nestle SA>, of Switzerland. Terms were undisclosed.
+      Continental Can said it would supply Nestle's equivalent
+  can requirements under a long-term agreement.
+      Nestle said it decided to stop manufacturing cans "in order
+  to be in a better position to take full advantage of the
+  changes underway or on the horizon in food packaging
+  technology."
+  
+
diff --git a/reuters/training/7970 b/reuters/training/7970
new file mode 100644
index 0000000000000000000000000000000000000000..ede8e767baad5e4ebe1dcc11c4e60a6eb7d08cc2
--- /dev/null
+++ b/reuters/training/7970
@@ -0,0 +1,16 @@
+GREAT COUNTRY BANK <GCBK> 3RD QTR NET
+  Qtr ends Feb 28
+      Shr 53 cts vs N/A
+      Net 1,165,000 vs 575,000
+      Nine mths
+      Shr 1.54 dlrs vs N/A
+      Net 3,363,000 vs 1,535,000
+      Assets 375.2 mln vs 320.7 mln
+      Deposits 313.8 mln vs 264.2 mln
+      Loans 286.3 mln vs 235.9 mln
+      NOTE: earnings per share data not presented for 1986 as
+  Great Country Bank converted from a mutual to a capital stock
+  savings bank on Jan 14, 1986. Such information is misleading
+  and inappropriate, the company said.
+  
+
diff --git a/reuters/training/7971 b/reuters/training/7971
new file mode 100644
index 0000000000000000000000000000000000000000..f9c39c89a6b52b72686c43e9eb059d5aa87ac979
--- /dev/null
+++ b/reuters/training/7971
@@ -0,0 +1,5 @@
+U.S. BUSINESS LOANS FALL 660 MLN DLRS IN MARCH 11 WEEK, FED SAYS
+
+  U.S. BUSINESS LOANS FALL 660 MLN DLRS IN MARCH 11 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/7972 b/reuters/training/7972
new file mode 100644
index 0000000000000000000000000000000000000000..44bb7f590212ec498a3ccf77bb50f8efa24ac7be
--- /dev/null
+++ b/reuters/training/7972
@@ -0,0 +1,38 @@
+EC AGREES REDUCTION OF DIESEL EXHAUST EMISSIONS
+  The European Community (EC) agreed
+  tough new rules to cut diesel exhaust emissions from trucks and
+  buses in an attempt to reduce air pollution threatening vast
+  stretches of the region's forests.
+      Diplomats said EC environment ministers meeting here agreed
+  member states would have to reduce by 20 pct over the next few
+  years the emission of nitrogen oxide, widely seen as the main
+  source of acid rain endangering forests and lakes.
+      The reduction would be compulsory for heavy vehicles, with
+  tougher standards imposed for new models from April 1988 and
+  for all new vehicles from October 1990.
+      The EC's executive Commission says the emission level of
+  nitrogen oxide was expected to drop to 2.4 mln tonnes a year
+  from three mln tonnes within the 12-nation Community if all
+  heavy vehicles applied to the new standards.
+      There are an estimated nine mln lorries and buses in use in
+  the EC, according to Commission figures.
+      The ministers also gave West Germany a go-ahead to move
+  towards a ban on the sale of leaded regular petrol, after Bonn
+  requested permission to do so to encourage the use of
+  low-pollution cars, diplomats said.
+      West Germany will still need ministers' final approval for
+  such a plan. Diplomats said this was expected when EC
+  environment ministers meet next on May 21.
+      But the ministers added that the go-ahead for West Germany
+  did not mean there would automatically follow a Community-wide
+  ban on the sale of regular leaded petrol.
+      Bonn intends to keep leaded premium petrol pumps, diplomats
+  said. They added that, of the 97 mln cars in the EC, only 20
+  mln now ran on regular leaded petrol and these would risk no
+  damage if they switched over to premium leaded petrol.
+      Under EC law, ministers have to give member states special
+  permission if they wish to be exempt from Community competition
+  laws. This would be the case if West Germany were to implement
+  a ban on the sale of leaded regular petrol.
+  
+
diff --git a/reuters/training/7974 b/reuters/training/7974
new file mode 100644
index 0000000000000000000000000000000000000000..110b6589b1d355b38f39c2506e083f9cb994a6b8
--- /dev/null
+++ b/reuters/training/7974
@@ -0,0 +1,8 @@
+MARCUS <MRCS> VOTES 50 PCT STOCK DIVIDEND
+  Marcus Corp said its board
+  voted a 50 pct stock dividend to be distributed May 1, record
+  April 15.
+      It said the dividend applies equally to holders of its
+  common stock and Class B common.
+  
+
diff --git a/reuters/training/7975 b/reuters/training/7975
new file mode 100644
index 0000000000000000000000000000000000000000..7d553e9dc8b97bebf7b7bf172a43d8b92609fe08
--- /dev/null
+++ b/reuters/training/7975
@@ -0,0 +1,8 @@
+VMS MORTGAGE <VMTGZ> CASH DISTRIBUTION RISES
+  VMS Mortgage Investors L.P. II said it
+  declared a first-quarter 1987 cash distribution of 21 cts a
+  depositary unit, up five pct from the prior quarter.
+      It said the distribution will be payable May 14, record
+  January 1.
+  
+
diff --git a/reuters/training/7977 b/reuters/training/7977
new file mode 100644
index 0000000000000000000000000000000000000000..ea2c002b0306d20633e3a25636c2b1d673088787
--- /dev/null
+++ b/reuters/training/7977
@@ -0,0 +1,34 @@
+AUDIO/VIDEO <AVA>SWEETENS BID FOR CYCLOPS <CYL>
+  An investment group led by
+  Audio/Video Affiliates Inc said it raised its tender offer to
+  acquire Cyclops Corp to 92.50 dlrs a share from 80 dlrs a
+  share.
+      The group, Cyacq Acquisition Corp, also said it extended
+  the offer until April three, from March 20.
+      The group said it added several conditions to its offer,
+  including receipt of all non-public information about Cyclops
+  that was provided to <Dixons Group PLC> in connection with
+  Dixon's competing tender offer for Cyclops.
+      Cyacq's sweetened offer, totaling about 398 mln dlrs, tops
+  Dixon's offer of 92.25 dlrs a share, or about 388 mln dlrs.
+      On Wednesday Dixon said it had bought 54 pct of Cyclops'
+  4.3 mln shares outstanding, boosting its stake in the company
+  to 56 pct.
+      Earlier today, however, the Securities and Exchange
+  Commisssion ordered Dixons to extended its tender offer until
+  March 24.
+      Cyacq said it hopes Cyclops shareholders "will withdraw
+  previously tendered shares from Dixons' tender offer to take
+  advantage of Cyacq's higher offer."
+      The SEC's order came after Cyacq filed suit to block Dixons
+  from taking control of Cyclops and to force an extension of
+  Dixons' tender offer.
+      A Cyclops spokeswoman said the company had no immediate
+  comment on the sweetened bid from Cyacq.
+      Cyacq said its new offer is also subject to Cyclops
+  rescinding any agreements with Dixons under which the
+  U.K.-based firm would receive "break-up fees" or expenses from
+  Cyclops or could buy Cyclops common stock from the
+  Pittsburgh-based company.
+  
+
diff --git a/reuters/training/7979 b/reuters/training/7979
new file mode 100644
index 0000000000000000000000000000000000000000..c3e2d34f165e1967a6a4a05d51d1044fac04b812
--- /dev/null
+++ b/reuters/training/7979
@@ -0,0 +1,7 @@
+EMERALD HOMES <EHP> SETS INITIAL DISTRIBUTION
+  Emerald Homes L.P. said its
+  general partners declared an initial 30-ct per unit
+  distribution payable May 15 to unitholders of record March 31.
+      Emerald made its initial public offering February 6.
+  
+
diff --git a/reuters/training/798 b/reuters/training/798
new file mode 100644
index 0000000000000000000000000000000000000000..dcb6bdd0372201b35730ca465c8a65938ea03fd4
--- /dev/null
+++ b/reuters/training/798
@@ -0,0 +1,17 @@
+AMERICAN PORK CONGRESS KICKS OFF TOMORROW
+  The American Pork Congress kicks off
+  tomorrow, March 3, in Indianapolis with 160 of the nations pork
+  producers from 44 member states determining industry positions
+  on a number of issues, according to the National Pork Producers
+  Council, NPPC.
+      Delegates to the three day Congress will be considering 26
+  resolutions concerning various issues, including the future
+  direction of farm policy and the tax law as it applies to the
+  agriculture sector. The delegates will also debate whether to
+  endorse concepts of a national PRV (pseudorabies virus) control
+  and eradication program, the NPPC said.
+      A large trade show, in conjunction with the congress, will
+  feature the latest in technology in all areas of the industry,
+  the NPPC added.
+  
+
diff --git a/reuters/training/7980 b/reuters/training/7980
new file mode 100644
index 0000000000000000000000000000000000000000..c594bed7851e837b8ebf707cc510d95574aab1e3
--- /dev/null
+++ b/reuters/training/7980
@@ -0,0 +1,9 @@
+U.S. BUSINESS LOANS FALL 660 MLN DLRS
+  Business loans on the books of major
+  U.S. banks, excluding acceptances, fell 660 mln dlrs to 277.93
+  billion dlrs in the week ended March 11, the Federal Reserve
+  Board said.
+      The Fed said that business loans including acceptances
+  declined 492 mln dlrs to 280.56 billion dlrs.
+  
+
diff --git a/reuters/training/7983 b/reuters/training/7983
new file mode 100644
index 0000000000000000000000000000000000000000..8bd52d6e6a20c8023561988e7856da4e38990089
--- /dev/null
+++ b/reuters/training/7983
@@ -0,0 +1,8 @@
+JEFFERIES MAKES MARKET IN CYCLOPS <CYL>
+  Jefferies and Co said it is making a
+  market in the stock of Cyclops Corp at 92-1/2 to 95.
+      Cyclops received a sweetened offer of 92.50 dlrs per share
+  from Cyacq Acquisition Corp, led by Audio/Video Affiliates Inc
+  <AVA>.
+  
+
diff --git a/reuters/training/7984 b/reuters/training/7984
new file mode 100644
index 0000000000000000000000000000000000000000..309fea0ca1dc4166a92f5c2b4486b3b416e2db2c
--- /dev/null
+++ b/reuters/training/7984
@@ -0,0 +1,7 @@
+BEI <BEIH> ACQUIRES IVEY-ROWTON AND ASSOCIATES
+  BEI Holdings Ltd said it acquired
+  Ivey-Rowton and Associates, a Nashville, Tenn.-based bank
+  marketing firm.
+      Terms were not disclosed.
+  
+
diff --git a/reuters/training/7985 b/reuters/training/7985
new file mode 100644
index 0000000000000000000000000000000000000000..3d08e5b2687cbe227911a3924dbb51dffe9feef3
--- /dev/null
+++ b/reuters/training/7985
@@ -0,0 +1,14 @@
+LAC MINERALS <LAC> TO CLOSE LAKE SHORE MINE
+  LAC Minerals Ltd said it will suspend
+  underground mining and exploration at its Lake Shore Mine at
+  Kirkland Lake, Ontario, on April 30, pending results of a
+  surface exploration drilling program.
+      LAC said it does not expect the decision to affect
+  earnings, but 44 employees will be affected.
+      The company said it has completed mining the crown pillar
+  which has produced 71,000 ounces of gold since 1983. In 1986,
+  the mine produced 10,600 ounces. LAC said it will continue
+  surface drilling in 1987 to determine if further underground
+  exploration work is warranted.
+  
+
diff --git a/reuters/training/7987 b/reuters/training/7987
new file mode 100644
index 0000000000000000000000000000000000000000..6eb12ce2da9f9c251426adb1aec57a549d8d17c6
--- /dev/null
+++ b/reuters/training/7987
@@ -0,0 +1,5 @@
+SOUTHERN HOME SAVINGS BANK <SHSB> YEAR NET
+  Shr 1.86 dlrs vs 1.85 dlrs
+      Net 1,923,304 vs 1,897,998
+  
+
diff --git a/reuters/training/7990 b/reuters/training/7990
new file mode 100644
index 0000000000000000000000000000000000000000..ecec61496e6de090414ff5d73b05a71c05e21987
--- /dev/null
+++ b/reuters/training/7990
@@ -0,0 +1,6 @@
+BINKS MFG CO <BIN> REGULAR DIVIDEND SET
+  Qtly div 25 cts vs 25 cts previously
+      Pay April 17
+      Record March 30
+  
+
diff --git a/reuters/training/7991 b/reuters/training/7991
new file mode 100644
index 0000000000000000000000000000000000000000..f2a92cecbb0e4343e1db1e2f5abb602f3e598a2d
--- /dev/null
+++ b/reuters/training/7991
@@ -0,0 +1,3 @@
+20-MAR-1987
+  20-MAR-1987
+
diff --git a/reuters/training/7992 b/reuters/training/7992
new file mode 100644
index 0000000000000000000000000000000000000000..20af78e38a2f4a6bbb10765a9f5069180c8a7438
--- /dev/null
+++ b/reuters/training/7992
@@ -0,0 +1,10 @@
+FIRM SELLS ENTIRE ALLEGHENY INT'L <AG> STAKE
+  Southeastern Asset Management Inc
+  and its two controlling shareholders said they sold their
+  entire 5.6 pct stake in Allegheny International Inc.
+      In a filing with the Securities and Exchange Commission,
+  Southeastern, a Memphis, Tenn. investment advisor, said it sold
+  the entire 604,000-share stake between March 13 and 16 at
+  prices ranging from 24.25 to 24.625 dlrs each.
+  
+
diff --git a/reuters/training/7993 b/reuters/training/7993
new file mode 100644
index 0000000000000000000000000000000000000000..911dbfa6b6882c73c3c179e6c52712e025f49a1e
--- /dev/null
+++ b/reuters/training/7993
@@ -0,0 +1,14 @@
+JAPANESE FIRM HAS 10.7 PCT OF SHELDAUL <SHEL>
+  Sumitomo Bakelite Co Ltd, a Japanese
+  company, told the Securities and Exchange Commission it has
+  acquired 325,000 shares of Sheldahl Inc, or 10.7 pct of the
+  total outstanding common stock.
+      Sumitomo Bakelite said it bought the stock for 4.9 mln dlrs
+  for investment purposes.
+      Under an between Sumitomo Bakelite and Sheldahl, as long as
+  its stake is more than five pct, Sumitomo said it has
+  preemptive rights for 60 days following notice of issuance of
+  new Sheldahl common stock. As long as its stake is over 10 pct,
+  it said it is entitled to Sheldahl board representation.
+  
+
diff --git a/reuters/training/7994 b/reuters/training/7994
new file mode 100644
index 0000000000000000000000000000000000000000..e880c3609d7c290e09a0e25c83e3ada8aadc72a1
--- /dev/null
+++ b/reuters/training/7994
@@ -0,0 +1,10 @@
+COMMONWEALTH EDISON CO <CWE> 12 MONTHS NET
+  Period ended Feb 28
+      Shr 4.66 dlrs vs 4.40 dlrs
+      Net 1,048,884,000 vs 959,626,000
+      Revs 5.43 billion vs 5.04 billion
+      Avg shrs 200,242,000 vs 191,840,000
+      NOTE: Per-share earnings reflect payment of preferred
+  dividend requirements
+  
+
diff --git a/reuters/training/7997 b/reuters/training/7997
new file mode 100644
index 0000000000000000000000000000000000000000..c28821c526678eaed303d028cfb65e2f1348a08c
--- /dev/null
+++ b/reuters/training/7997
@@ -0,0 +1,10 @@
+JOHN HANCOCK UNITS DUMP STAKE IN PRICE <PR>
+  Subsidiaries of John Hancock Mutual
+  Life Insurance Co told the Securities and Exchange Commission
+  they sold their entire 13.1 pct stake in Price Communications
+  Corp back to the company.
+      The Hancock subsidiaries said they sold their entire
+  1,627,603-share stake in Price Communications to the company
+  for 11 dlrs a share on Feb 23.
+  
+
diff --git a/reuters/training/80 b/reuters/training/80
new file mode 100644
index 0000000000000000000000000000000000000000..a3b904d97f64004ae81301c58f75fd7db2eee9b9
--- /dev/null
+++ b/reuters/training/80
@@ -0,0 +1,13 @@
+NEW YORK BUSINESS LOANS FALL 195 MLN DLRS
+  Commercial and industrial loans on the
+  books of the 10 major New York banks, excluding acceptances,
+  fell 195 mln dlrs to 65.06 billion in the week ended February
+  18, the Federal Reserve Bank of New York said.
+      Including acceptances, loans declined 114 mln dlrs to 65.89
+  billion.
+      Commercial paper outstanding nationally dropped 375 mln
+  dlrs to 336.63 billion.
+      National business loan data are scheduled to be released on
+  Friday.
+  
+
diff --git a/reuters/training/800 b/reuters/training/800
new file mode 100644
index 0000000000000000000000000000000000000000..6ceca4c424bdda10a3eaaf8c38c5f47b6ccd76ee
--- /dev/null
+++ b/reuters/training/800
@@ -0,0 +1,17 @@
+COPPER STOCKS OUTSIDE U.S. INCREASE IN DECEMBER
+  Refined copper stocks held by
+  refineries outside the U.S. increased to a preliminary 277,500
+  short tons at the end of December from a preliminary 270,000
+  short tons (revised higher) at the end of November, the
+  American Bureau of Metal Statistics said.
+      London Metal Exchange stocks fell to 193,100 tons in
+  December from 194,400 tons in November. Combined refinery and
+  LME stocks rose to a preliminary 470,600 tons from 464,400 tons
+  (revised higher). January LME stocks were 193,400 tons.
+      Preliminary figures showed refined production outside U.S.
+  lower at 377,300 tons in December versus 384,000 tons in
+  November. Crude output decreased to 421,500 tons from 427,000
+  tons (revised higher). Refined copper deliveries decreased to
+  359,800 tons from 375,400 tons (revised lower).
+  
+
diff --git a/reuters/training/8000 b/reuters/training/8000
new file mode 100644
index 0000000000000000000000000000000000000000..08ec1b6659e1744b2079dabede8cf89e4a0f5a79
--- /dev/null
+++ b/reuters/training/8000
@@ -0,0 +1,23 @@
+NIAGARA MOHAWK <NMK> TO CUT COSTS
+  Niagara Mohawk Corp said it is
+  "cautiously optimistic" about results improvements for 1987 and
+  said it is studying measures to cut operating costs.
+      These measures include freezing management salaries,
+  abolishing vacant positions and reducing overtime.
+      A spokesman said the company had no current plans to lay
+  off workers. The company declined to say how much the cost
+  savings would amount to.
+      A five year forecast is expected to be issued in early
+  summer, a spokesperson said.
+      The company said it has redeemed about 273 mln dlrs in high
+  cost debt during 1986 and hopes to redeem more debt this year.
+      For 1986, Niagara Mohawk's earnings per share fell to 2.71
+  dlrs from 2.88 dlrs in 1985..
+      The company said earnings reduced primarily as a result of
+  a reduction early in 1986 in earnings return on equity allowed
+  by the N.Y. State Public Service COmmission.
+      Niagara said it is concerned about the continued lowering
+  of authorized return and has reinforced petitions to grant a 
+  fair return on equity.
+  
+
diff --git a/reuters/training/8001 b/reuters/training/8001
new file mode 100644
index 0000000000000000000000000000000000000000..6678e354cab6045d1f28d1bb357c60930b558779
--- /dev/null
+++ b/reuters/training/8001
@@ -0,0 +1,12 @@
+GANTOS INC <GTOS> 4TH QTR JAN 31 NET
+  Shr 43 cts vs 37 cts
+      Net 2,276,000 vs 1,674,000
+      Revs 32.6 mln vs 24.4 mln
+      Year
+      Shr 90 cts vs 69 cts
+      Net 4,508,000 vs 3,096,000
+      Revs 101.0 mln vs 76.9 mln
+      Avg shrs 5,029,000 vs 4,464,000
+      NOTE: 1986 fiscal year ended Feb 1, 1986
+  
+
diff --git a/reuters/training/8002 b/reuters/training/8002
new file mode 100644
index 0000000000000000000000000000000000000000..7196fef5a905a344927b8f2cff3b9163f40bf455
--- /dev/null
+++ b/reuters/training/8002
@@ -0,0 +1,5 @@
+CHEMLAWN CORP, ECHOLAB INC SIGN DEFINITIVE MERGER AGREEMENT
+
+  CHEMLAWN CORP, ECHOLAB INC SIGN DEFINITIVE MERGER AGREEMENT
+  
+
diff --git a/reuters/training/8003 b/reuters/training/8003
new file mode 100644
index 0000000000000000000000000000000000000000..97427cfbca909c31ccab68de10dd2e3c8ea1bc0c
--- /dev/null
+++ b/reuters/training/8003
@@ -0,0 +1,26 @@
+LDC FOOD AID NEEDS DECLINE IN 1986/87 - USDA
+  Total food aid needs in 69 of the
+  least developed countries declined in 1986/87, as requirments
+  fell in many countries in Africa, the Middle East and Asia, the
+  U.S. Agriculture Department said.
+      In a summary of its World Agriculture Report, the
+  department said grain production in sub-Saharan Africa was a
+  record high in 1986, with gains in almost every country.
+      However, food needs in Central America rose, worsened by
+  drought-reduced crops and civil strife.
+      Record wheat production in 1986/87 is pushing global wheat
+  consumption for food to a new high, and higher yielding
+  varieties have been particularly effective where spring wheat
+  is a common crop, it said.
+      However, may developing countries in tropical climates,
+  such as Sub-Saharan Africa, Southeast Asia, and Central
+  America, are not well adapted for wheat production, and
+  improved varieties are not the answer to rising food needs, the
+  department said.
+      World per capita consumption of vegetable oil will rise in
+  1986/87 for the third straight year.
+      Soybean oil constitutes almost 30 pct of vegetable oil
+  consumption, while palm oil is the most traded, the department
+  said.
+  
+
diff --git a/reuters/training/8004 b/reuters/training/8004
new file mode 100644
index 0000000000000000000000000000000000000000..2d7ca58963761b23f19fa50731f7ab0f32122454
--- /dev/null
+++ b/reuters/training/8004
@@ -0,0 +1,70 @@
+U.S. SUGAR PROGRAM CUT SENT TO CONGRESS BY USDA
+  The U.S. Agriculture Department 
+  formally transmitted to Congress a long-awaited proposal to
+  drastically slash the sugar loan rate and compensate growers
+  for the cut with targeted income payments.
+      In a letter to the Congressional leadership accompanying
+  the "Sugar Program Improvements Act of 1987", Peter Myers,
+  Deputy Agriculture Secretary, said the Reagan administration
+  wants the sugar loan rate cut to 12 cents per pound beginning
+  with the 1987 crop, down from 18 cts now.
+      Sugarcane and beet growers would be compensated by the
+  government for the price support cut with targeted income
+  payments over the four years 1988 to 1991. The payments would
+  cost an estimated 1.1 billion dlrs, Myers said.
+      The administration sugar proposal is expected to be
+  introduced in the House of Representatives next week by Rep.
+  John Porter, R-Ill.
+      Congressional sources said the program cut is so drastic it
+  is unlikely to be adopted in either the House or Senate because
+  politically-influential sugar and corn growers
+  and high fructose corn syrup producers will strongly resist.
+      The direct payment plan outlined by the administration 
+  targets subsidies to small cane and beet growers and gradually
+  lowers payments over four years. It also excludes from payment
+  any output exceeding 20,000 short tons raw sugar per grower.
+      For example, on the first 350 tons of production, a grower
+  would receive 6 cts per lb in fiscal 1988, 4.5 cts in 1989, 3
+  cts in 1990 and 1.5 cts in 1991.
+      The income payments would be based on the amount of
+  commercially recoverable sugar produced by a farmer in the 1985
+  or 1986 crop years, whichever is less, USDA said.
+      Myers said the administration is proposing drastic changes
+  in the sugar program because the current high price support is
+  causing adverse trends in the sugar industry.
+      He said the current program has artificially stimulated
+  domestic sugar and corn sweetener production which has allowed
+  corn sweeteners to make market inroads.
+      U.S. sugar consumption has declined which has resulted in a
+  "progressive contraction" of the sugar import quota to only one
+  mln short tons this year, he said. This has hurt cane sugar
+  refiners who rely on imported sugar processing.
+      Furthermore, USDA said the current sugar program gives
+  overseas manufacturers of sugar-containing products a
+  competitive advantage. The result has been higher imports of
+  sugar-containing products and a flight of U.S. processing
+  facilities overseas to take advantage of cheaper sugar.
+      USDA also said the current program imposes a heavy cost on
+  U.S. consumers and industrial users. In fiscal 1987, USDA said
+  consumers are paying nearly two billion dlrs more than
+  necessary for sugar.
+      "Enactment of this bill will reduce the price gap between
+  sweeteners and help to correct or stabilize the many adverse
+  impacts and trends which the sugar industry is currently
+  facing," Myers said.
+      The following table lists the rate of payments, in cts per
+  lb, to growers and the quantity covered, in short tons
+  recoverable raw sugar, under the administration's proposal to
+  compensate sugar growers with targeted payments.
+      QUANTITY            1988     1989      1990      1991
+  First 350 tons         6.000    4.500     3.000     1.500
+  Over 350 to 700        5.750    4.313     2.875     1.438
+  Over 700 to 1,000      5.500    4.125     2.750     1.375
+  Over 1,000 to 1,500    5.000    3.750     2.500     1.250
+  Over 1,500 to 3,000    4.500    3.375     2.250     1.125
+  Over 3,000 to 6,000    3.500    2.625     1.750     0.875
+  Over 6,000 to 10,000   2.250    1.688     1.125     0.563
+  Over 10,000 to 20,000  0.500    0.375     0.250     0.125
+  Over 20,000 tons        nil      nil       nil       nil 
+  
+
diff --git a/reuters/training/8005 b/reuters/training/8005
new file mode 100644
index 0000000000000000000000000000000000000000..e5fbba159b7ab364d0327c6842905c55a1bd9a8f
--- /dev/null
+++ b/reuters/training/8005
@@ -0,0 +1,11 @@
+<OE INC> 4TH QTR NET
+  Shr 24 cts vs 26 cts
+      Net 1.5 mln vs 1.3 mln
+      Revs 40.5 mln vs 33.5 mln
+      Year
+      Shr 80 cts vs 82 cts
+      Net 4.9 mln vs 4.1 mln
+      Revs 143.0 mln vs 121.1 mln
+      Avg shrs 6.1 mln vs 5.0 mln
+  
+
diff --git a/reuters/training/8007 b/reuters/training/8007
new file mode 100644
index 0000000000000000000000000000000000000000..ad095cb5adf3085c5dc02c3baf45ef9e595d18f9
--- /dev/null
+++ b/reuters/training/8007
@@ -0,0 +1,6 @@
+VMS MORTGAGE LP <VMLPZ> MONTHLY CASH PAYOUT
+  VMS Mortgage L.P. said it declared a
+  regular monthly cash distribution of nine cts a depositary unit
+  for the month of March, payable May 14, record April One.
+  
+
diff --git a/reuters/training/8008 b/reuters/training/8008
new file mode 100644
index 0000000000000000000000000000000000000000..93e5c3058e19b12274282d5e4ea7f128fce2dcb7
--- /dev/null
+++ b/reuters/training/8008
@@ -0,0 +1,35 @@
+LITTLE EFFECT SEEN FROM COLD STORAGE REPORT
+  The USDA monthly cold storage report
+  for meats is expected to have little, if any, effect on
+  livestock and meat futures at the Chicago Mercantile Exchange
+  Monday and daily fundamentals will likely provide the bulk of
+  direction, livestock analysts said.
+      The increase of 66.4 mln lbs in total poultry offsets the
+  22.6 mln lbs decline in total red meats. Fundamentals may
+  provide most of the direction in futures on Monday, they said.
+      "I think the market is going to be looking at some other
+  things and accentuate whatever the action of cash markets might
+  be early next week," Jerry Gidel, livestock analyst for GH
+  Miller, said.
+      Shearson Lehman livestock analyst Chuck Levitt said futures
+  will be in the shadow of a little larger seasonal hog
+  marketings pace next week. Also, Easter ham business was
+  completed this week and there may be less aggressive interest
+  for pork in general next week.
+      "We needed some help from the cold storage report to avert
+  a possible setback next week in the pork complex," Levitt said.
+      Analysts agreed with CME floor traders and called the belly
+  figure neutral to slightly negative. Although belly stocks were
+  down 33 pct from last year, they exceeded the average
+  expectation and actually showed a lighter than expected decline
+  from last month due to an adjustment to last month's holdings,
+  they said.
+      However, analysts noted that the amount of bellies put in
+  storage has been light since the beginning of March and this is
+  a potentially bullish situation.
+      Glenn Grimes, agronomist at the University of Missouri,
+  said, "I would not look for (belly) storage during the next
+  month or two to be heavier than a year ago - I think it will be
+  less."
+  
+
diff --git a/reuters/training/8009 b/reuters/training/8009
new file mode 100644
index 0000000000000000000000000000000000000000..65c61fa806137f2cc995a39ad537e9b9e26b8153
--- /dev/null
+++ b/reuters/training/8009
@@ -0,0 +1,63 @@
+STRIKE THREAT, LOWER TRAFFIC MAR SEAWAY OPENING
+  The St. Lawrence Seaway, set
+  to reopen March 31 after the winter, faces another tough year
+  because of depressed traffic levels and the possibility of the
+  first strike in 20 years on the Great Lakes, seaway officials
+  said.
+      Depressed grain exports, rising costs, and competing modes
+  of transportation are all expected to result in only a marginal
+  increase over last year's traffic levels -- and revenues -- on
+  the 2,300 mile waterway, officials said.
+      In 1986, a season that ran from April 3 to December 27, the
+  seaway moved 37.6 mln metric tons of freight between Montreal
+  and Lake Ontario and 41.6 mln tons on the Welland Canal,
+  linking Lake Erie and Lake Ontario.
+      By comparison, in 1985 about 37 mln tons of cargo traveled
+  through the Montreal-Lake Ontario section and 42 mln through
+  the eight-lock canal.
+      The waterway is expected to lose 9-10 mln Canadian dlrs
+  this year, about the same as the estimated deficit for fiscal
+  1986-87 ending March 31, said William Blair, an executive
+  member of Canada's St Lawrence Seaway Authority.
+      The seaway moves about one-half of Canada's exported grain.
+  Those exports of the single most important commodity carried on
+  the waterway have been depressed by world surpluses.
+      The Seafarers' International Union, which represents about
+  2,300 workers on the Great Lakes and the ocean coasts, has said
+  it will likely go on strike this spring to protest employers'
+  demands for wage rollbacks and other concessions.
+      "It's 99.9 pct (certain)--I guarantee you a strike," Roman
+  Gralewicz, head of the Seafarers' Canadian branch, has said.
+      The Canadian government has called in a labor conciliator
+  to try to hammer out a contract agreement between the two
+  sides. The seaway authority said a walkout tying up ships on
+  the Great Lakes would badly hurt traffic.
+      "We haven't had a strike on the seaway for years...a
+  prolonged strike would have a disasterous effect," Seaway
+  Authority spokeswoman Gay Hemsley said.
+      "These are the heaviest contract talks in the history of the
+  St Lawrence Seaway," George Miller, vice-president of the
+  Canadian Lake Carriers Association, an association of major
+  Canadian shipping companies, said recently.
+      The workers' current contract expires May 31. The
+  association said it is asking for a five per cent cut in wages
+  for the next three years, reduced crew levels and the power to
+  restructure crew dispatching.
+      The association said its members recorded about a 6 mln dlrs
+  (U.S.) loss in each of 1985 and 1986 due to lower traffic and
+  freight rates and increasing competition. The seaway said 1985
+  was its worst year in two decades.
+      Hemsley said the seaway authority plans to raise tolls on
+  the Welland Canal by eight pct this year, compared to last
+  year's 15 pct rise, while maintaining a freeze on tolls
+  throughout the rest of the waterway.
+      Canada is responsible for 13 of the seaway's 15 locks and
+  about 85 pct of its revenues and maintenance costs.
+      "We may see and hope for a steady upward climb...but we
+  won't see a major increase for a number of years," Hemsley said.
+      A Canada-U.S. delegation to promote the seaway to shippers
+  in Western Europe should result in some increased traffic this
+  season but the full benefits won't be felt for several years,
+  Blair said.
+  
+
diff --git a/reuters/training/8010 b/reuters/training/8010
new file mode 100644
index 0000000000000000000000000000000000000000..d211bba4a0c9f381a6a1a4b239c9afff9be49923
--- /dev/null
+++ b/reuters/training/8010
@@ -0,0 +1,24 @@
+CHEMLAWN <CHEM>, ECOLAB <ECON> IN MERGER PACT
+  Chemlawn Corp and Ecolab Inc
+  said they signed a definitive merger agreement under which
+  Ecolab will buy all outstanding Chemlawn common stock for 36.50
+  dlrs a share in cash, for a total of about 370 mln dlrs.
+      Under terms of the agreement, Chemlawn said it rescinded
+  its previously announced rights dividend plan.
+      Chemlawn previously rejected a 27 dlr a share offer from
+  Waste Management Inc <WMX>.
+      Yesterday, the Oak Brook, Ill.-based waste disposal company
+  said it was prepared to offer 33 dlrs a share, or about 330 mln
+  dlrs, for Chemlawn, a lawn-care company.
+      Chemlawn had said last week that it was negotiating with
+  other possible suitors, which it did not identify.
+      A Chemlawn spokesman said further details on the merger
+  would be issued later.
+      Ecolab is a maker of commercial laundry detergent based in
+  St. Paul, Minn. For its first six months ended December 31, the
+  company earned 20.4 mln dlrs, or 76 cts a share, on sales of
+  421.8 mln dlrs.
+      Officials at Waste Management could not be reached for
+  immediate comment.
+  
+
diff --git a/reuters/training/8011 b/reuters/training/8011
new file mode 100644
index 0000000000000000000000000000000000000000..e7906d345cb65ab527b1d73c50cd9c6ec8e9985f
--- /dev/null
+++ b/reuters/training/8011
@@ -0,0 +1,5 @@
+LILCO REVISES 1986 NET TO INCLUDE 16 MLN DLR LOSS PROVISION
+
+  LILCO REVISES 1986 NET TO INCLUDE 16 MLN DLR LOSS PROVISION
+  
+
diff --git a/reuters/training/8012 b/reuters/training/8012
new file mode 100644
index 0000000000000000000000000000000000000000..e7047e46ccfce36139fd8c4496642696beda563e
--- /dev/null
+++ b/reuters/training/8012
@@ -0,0 +1,11 @@
+FALCON CABLE <FAL> SETS INITIAL DISTRIBUTION
+  Falcon Cable Systems Co said
+  its set an initial quarterly cash distribution of 53.75 cts per
+  unit, payable May 15 to unitholders of record March 31.
+      The partnership made its initial public offering in
+  December, 1986.
+      Falcon said it expects to pay cash distributions to limited
+  partners at an annual rate of 2.15 dlrs per unit, through
+  December 31, 1989.
+  
+
diff --git a/reuters/training/8015 b/reuters/training/8015
new file mode 100644
index 0000000000000000000000000000000000000000..025258b2cbbb66cabcfcaeae3a5f61477491c27d
--- /dev/null
+++ b/reuters/training/8015
@@ -0,0 +1,32 @@
+BIDS AWARDED FOR ELK HILLS CRUDE OIL
+  The U.S. Department of Energy said
+  it has awarded bids for about 90,000 barrels per day, bpd, of
+  crude oil from the Elk Hills Naval Petroleum Reserve in
+  California. The contract period runs from April one through
+  July one, the DOE said.
+      Successful bidders, the amount of crude oil and the price
+  per bbl according to the DOE are as follows - 
+      Texaco Inc's <TX> Texaco Trading and Transport 15,000 bpd
+  at 15.79 dlrs and 2,200 bpd at 15.19 dlrs, Beacon Oil Co 7,000
+  bpd at 15.66 dlrs and 2,500 bpd at 16.04 dlrs, Golden West
+  Refining 8,110 bpd at 15.42 dlrs.
+      Successful bidders, the amount of oil and price per bbl,
+  according to the DOE continue as follows -
+      Chevron's <CHV> Chevron USA Inc 3,000 bpd at 14.51 dlrs and
+  4,000 bpd at 14.61 dlrs, Chevron International Oil Co 2,600 bpd
+  at 14.41 dlrs and 2,800 bpd at 14.51 dlrs, Newhall Refining Co
+  6,000 bpd at 15.82 dlrs, Caljet Inc 4,000 bpd at 15.32 dlrs,
+  Casey Co 4,000 bpd at 15.45 dlrs.
+      Also, Cryssen Refining Inc 4,000 bpd at 15.47 dlrs,
+  Edgington Oil Co 4,000 bpd at 15.54 dlrs, Sound Refining Inc
+  3,100 bpd at 15.51 dlrs, Atlantic Richfield Co <ARC> 3,000 bpd
+  at 15.75 dlrs.
+      Successful bidders, the amount of crude oil and the price
+  per bbl according to the DOE continue as follows -
+      Orkin Inc 2,679 bpd at 15.24 dlrs, Lunday-Thagard Co 2,511
+  bpd at 15.27 dlrs, Golden Eagle Refining 2,500 bpd at 15.37
+  dlrs, MacMillan Ring-Free Oil Co 1,000 bpd at 15.81 dlrs, 1,000
+  bpd at 15.71 dlrs and 230 bpd at 16.02 dlrs, Mock Resources
+  2,000 bpd at 15.76 dlrs, Petro-Diamond 2,000 bpd at 15.46 dlrs.
+  
+
diff --git a/reuters/training/8016 b/reuters/training/8016
new file mode 100644
index 0000000000000000000000000000000000000000..78eb4667ef79adeca2a4501f4194d93f9ba5ae72
--- /dev/null
+++ b/reuters/training/8016
@@ -0,0 +1,6 @@
+MONTGOMERY STREET INCOME <MTS> MONTHLY DIVIDEND
+  Mthly div 15 cts vs 15 cts
+      Pay April 15
+      Record April 1
+  
+
diff --git a/reuters/training/8017 b/reuters/training/8017
new file mode 100644
index 0000000000000000000000000000000000000000..586a9ff26da6206309874665050aa17b378194eb
--- /dev/null
+++ b/reuters/training/8017
@@ -0,0 +1,9 @@
+<SULLIVAN MINES INC> YEAR LOSS
+  Oper shr loss 12 cts vs profit four cts
+      Oper loss 1,069,000 vs profit 339,000
+      Revs 12.8 mln vs 10.9 mln
+      Note: 1986 shr and net exclude extraordinary gain of
+  382,000 dlrs or four cts share. 1985 shr and net exclude
+  extraordinary gain of 183,000 dlrs or two cts share
+  
+
diff --git a/reuters/training/8020 b/reuters/training/8020
new file mode 100644
index 0000000000000000000000000000000000000000..00c0f8238e1cc3c240caab02911cdad83b69427b
--- /dev/null
+++ b/reuters/training/8020
@@ -0,0 +1,14 @@
+INVESTMENT FIRM HAS 7.1 PCT OF CYCLOPS <CYL<
+  Halcyon Investments, a New York risk
+  arbitrage and securities dealing partnership, told the
+  Securities and Exchange Commission it has acquired 288,000
+  shares of Cyclops Corp, or 7.1 pct of the total outstanding.
+      Halcyon said it bought the stake for 26.1 mln dlrs as part
+  of its ordinary risk arbitrage and securities trading business.
+  Other than that, the firm said there was no specific purpose in
+  its purchases.
+      Halcyon said it might buy more stock or sell some or all of
+  its current stake. It said it bought the bulk of its stake
+  between Feb 6 and March 13.
+  
+
diff --git a/reuters/training/8021 b/reuters/training/8021
new file mode 100644
index 0000000000000000000000000000000000000000..1d2ac39d5f6e8ead8cb76af12a0181de5eba1ec8
--- /dev/null
+++ b/reuters/training/8021
@@ -0,0 +1,17 @@
+CHRYSLER'S <C> CREDIT CANADA PLACED ON CREDITWATCH
+  Canadian Bond Rating Service said it
+  placed Chrysler Credit Canada Ltd, a subsidiary of Chrysler
+  Corp <C>, on creditwatch until all financial details concerning
+  the proposed acquisition of American Motors Corp <AMO> are
+  finalized.
+      The creditwatch affects Chrysler Credit Canada's short term
+  notes, guaranteed notes, debentures and the recently completed
+  75 mln dlr 9.25 Eurobond issue due April 15, 1993.
+      Canadian Bond Rating Service said that, based on facts
+  currently available on the proposed transaction, it does not
+  anticipate the necessity of a downgrade.
+      Canadian Bond Rating Service said Chrysler Credit Canada
+  short term notes are now rated A-2 (high) and guaranteed notes
+  and debentures are rated B plus plus (high).
+  
+
diff --git a/reuters/training/8022 b/reuters/training/8022
new file mode 100644
index 0000000000000000000000000000000000000000..60bdcc955dcd172e5005d8144506baeb891f185a
--- /dev/null
+++ b/reuters/training/8022
@@ -0,0 +1,29 @@
+LILCO <LIL> REVISES 1986 NET TO INCLUDE LOSS
+  Long Island Lighting Co said
+  it revised its preliminary 1986 net income to include a 16 mln
+  dlrs after tax provision for its investment in the Jamesport
+  Nuclear units.
+      Due to the provision, it said its revised 1986 net income
+  was 316.7 mln dlrs or 2.13 dlrs per share after deducting for
+  preferred stock dividend requirements, which were not paid in
+  either 1986 or 1985.
+      It had earlier reported 1986 income of 332.7 mln dlrs or
+  2.28 dlrs per share.
+      LILCO also said its board authorized contracts for its 
+  corporate officers calling for payment of one year's salary,
+  and continuation of insurance and retirement benefits if the
+  company changes hands and these officers lose their jobs.
+      LILCO said none of these contracts will result in
+  additional costs to its customers.
+      Lilco said the downward revision in its 1986 earnings is a
+  reserve established to reflect a settlement agreement with the
+  staff of New York State's Public Service Commission respecting
+  the utility's spending on a nuclear power station planned for,
+  but never built at, Jamestown, N.Y.
+      The company declined to detail the settlement, explaining
+  the settlement has not been approved by the commission. Lilco
+  was seeking to include costs totaling 118 mln dlrs for the
+  abandoned nuclear power plant project in its rate base, a
+  spokeswoman said.
+  
+
diff --git a/reuters/training/8023 b/reuters/training/8023
new file mode 100644
index 0000000000000000000000000000000000000000..2f9f26d71e9ed348b30b678b06aafc6b5e09c421
--- /dev/null
+++ b/reuters/training/8023
@@ -0,0 +1,14 @@
+ROGERS <ROG> ADOPTS RIGHTS PLAN
+  Rogers Corp said its board
+  approved a shareholder rights plan designed to protect its
+  shareholders in the event of an attempted hostile takeover.
+      Rogers said the plan is not being adopted in response to
+  any specific takeover attempt.
+      Under the plan, shareholders may buy one share of common
+  stock at 65 dlrs for each share held. The rights will be
+  exercisable only if a person or group acquires 20 pct or more
+  of Rogers' shares or announces an offer for 30 pct or more.
+      The dividend distribution will be made March 30 to holders
+  or record on that date.
+  
+
diff --git a/reuters/training/8025 b/reuters/training/8025
new file mode 100644
index 0000000000000000000000000000000000000000..f2a92cecbb0e4343e1db1e2f5abb602f3e598a2d
--- /dev/null
+++ b/reuters/training/8025
@@ -0,0 +1,3 @@
+20-MAR-1987
+  20-MAR-1987
+
diff --git a/reuters/training/8026 b/reuters/training/8026
new file mode 100644
index 0000000000000000000000000000000000000000..0ef8a9bc1fe1430ab5037792877b9d84347d1dfd
--- /dev/null
+++ b/reuters/training/8026
@@ -0,0 +1,10 @@
+SUNBELT NURSERY GROUP INC <SBN> 2ND QTR FEB 28
+  Shr loss 40 cts vs loss 29 cts
+      Net loss 1.5 mln vs loss 1.1 mln
+      Revs 28.9 mln vs 28.5 mln
+      Six months
+      Shr loss 99 cts vs loss 69 cts
+      Net loss 3.7 mln vs loss 2.6 mln
+      Revs 52.5 mln vs 51.7 mln
+  
+
diff --git a/reuters/training/8027 b/reuters/training/8027
new file mode 100644
index 0000000000000000000000000000000000000000..4be4d003eea621a218a06fe2c9daf4a782c0b97c
--- /dev/null
+++ b/reuters/training/8027
@@ -0,0 +1,17 @@
+MARCOM TELECOMMUNICATIONS <MRCM> 2ND QTR JAN 31
+  Oper shr loss five cts vs loss six cts
+      Oper net loss 157,688 vs loss 96,573
+      Revs 1,094,331 vs 1,378,973
+      Avg shrs 3,315,654 vs 1,661,023
+      Six mths
+      Oper shr loss seven cts vs loss 24 cts
+      Oper net loss 198,555 vs loss 394,589
+      Net 2,243,377 vs 2,440,850
+      Avg shrs 2,796,848 vs 1,637,592
+      NOTE: Current year 2nd qtr and six mths excludes a loss
+  10,767 dlrs for discontinued operations.
+      Prior year 2nd qtr and six mths excludes a loss of 54,686
+  dlrs and 112,565 dlrs for discontinued operations.
+      Full name of company is Marcom Telecommunications Inc.
+  
+
diff --git a/reuters/training/8028 b/reuters/training/8028
new file mode 100644
index 0000000000000000000000000000000000000000..261fa96fc7bc1dca9f598329437c7b6aa2f5708d
--- /dev/null
+++ b/reuters/training/8028
@@ -0,0 +1,6 @@
+EASTPARK REALTY TRUST <ERT> QTLY DIV
+  Qlty div 25 cts vs 25 cts prior
+      Payable April 22
+      Record April 10
+  
+
diff --git a/reuters/training/8029 b/reuters/training/8029
new file mode 100644
index 0000000000000000000000000000000000000000..d425163f23e9d3bbe3207045d06bb12d9cc6d000
--- /dev/null
+++ b/reuters/training/8029
@@ -0,0 +1,51 @@
+CANADA'S CLARK SEES TRADE AS MOST URGENT PROBLEM
+  Trade is the most urgent problem
+  facing U.S.-Canadian relations because of a pressing need to
+  reach a new bilateral pact within the coming months, Joe Clark,
+  Canadian secretary of state for external affairs, said.
+      Negotiators for the two countries have been meeting for
+  more than a year in an effort to work out an agreement.
+      "The most urgent problem now is the trade question because
+  that has to be decided within the next 10 months," Clark told
+  the Commonwealth Club of California. "We have a fast track
+  authority from your Congress for approval or rejection of
+  whatever the negotiators achieve."
+      Clark said that, as a practical matter, an initial
+  agreement must be reached by late September or early October.
+      He listed environmental questions, particularly acid rain,
+  and defense as the second and third most important bilateral
+  issues facing Ottawa and Washington.
+      On Wednesday, President Reagan announced that he will seek
+  2.5 billion dlrs from Congress to address the acid rain
+  problem. Some interpreted the move as a goodwill gesture in
+  advance of his annual meeting, on April 5-6 in Ottawa, with
+  Prime Minister Brian Mulroney.
+      In a question-and-answer session with the public affairs
+  group, Clark said that the two countries must find better
+  mechanisms for resolving their trade disputes.
+      "This rash of countervailing actions, where we acted on
+  corn and you acted on soft wood and we both said they were
+  quasijudicial -- the dispute resolution mechanisims in place
+  now are not working adequately in either of our interests," he
+  said.
+      Ottawa also is seeking to change some of Washington's rules
+  on government procurement that penalize Canadian businesses, he
+  said.
+      "There are a number of Canadian companies that, in order to
+  secure substantial contracts in the United States, have had to
+  move their head offices out of our country into your country
+  because you have national procurement requirements," he said.
+      In turn, he added, the United States would like to change
+  some of the procurement requirements that exist at the
+  provincial government level in Canada.
+      Clark declined to forecast the outcome of the discussions.
+      "What will come out of it remains for the negotiators, in
+  the first instance, to propose, and then governments and
+  congresses will have judge," he said.
+      In his prepared remarks, Clark said that the United States
+  has tended to take Canada for granted, although it exports to
+  its northern neighbor more than twice what it exports to Japan.
+  "Yet you bought almost 10 per cent more from Japan last year
+  than you bought from Canada," he said. REUTER
+  
+
diff --git a/reuters/training/8030 b/reuters/training/8030
new file mode 100644
index 0000000000000000000000000000000000000000..9968338ea65dea848259937c8f7711e198a89bd8
--- /dev/null
+++ b/reuters/training/8030
@@ -0,0 +1,9 @@
+ESSEX CORP <ESEX> YEAR END LOSS
+  Oper shr loss 11 cts vs profit 33 cts
+      Oper net loss 132,000 vs profit 408,000
+      Revs 25.2 mln vs 23.0 mln
+      NOTE: 1986 and 1985 oper net excludes a loss of 636,000
+  dlrs or 52 cts per share and a loss of 994,000 dlrs or 80 cts
+  per share for discontinued operations.
+  
+
diff --git a/reuters/training/8032 b/reuters/training/8032
new file mode 100644
index 0000000000000000000000000000000000000000..0c15e2f3355de36fd7f8a7d25c83ffac2a2ea8b3
--- /dev/null
+++ b/reuters/training/8032
@@ -0,0 +1,13 @@
+<SULPETRO  LTD> YEAR OCT 31 LOSS
+  Shr loss 19.22 dlrs vs loss 3.90 dlrs
+      Net loss 276.4 mln vs loss 45.6 mln
+      Revs 85.4 mln vs 113.3 mln
+      NOTE: Shr results after deducting preferred share dividends
+  of 13.1 mln dlrs in both periods.
+      Current loss includes a 125 mln dlr writedown of oil and
+  gas properties, a 67 mln dlr writeoff of deferred charges, a
+  22.5 mln dlr loss on disposal of U.K. properties, a 21.2 mln
+  dlr equity loss from affiliate Sulbath Exploration ltd and a
+  4.6 mln dlr loss on other investments.
+  
+
diff --git a/reuters/training/8036 b/reuters/training/8036
new file mode 100644
index 0000000000000000000000000000000000000000..e437d92a9e20acbffdc9d89ad8a2c9dda1181051
--- /dev/null
+++ b/reuters/training/8036
@@ -0,0 +1,13 @@
+STANWOOD CORP <SNW> 4TH QTR JAN 3
+  Shr loss 1.12 dlrs vs profit one cts
+      Net loss 1.7 mln vs profit 8,000 dlrs
+      Revs 31.8 mln vs 42.1 mln
+      Year
+      Shr loss 51 cts vs profit 57 cts
+      NEt loss 780,000 vs profit 876,000
+      Revs 117.8 mln vs 117.3 mln
+      NOTE:1986 4th qtr includes loss of 911,000 for termination
+  of licensing agreement and loss of 319,000 dlr for termination
+  of womens wear operation.
+  
+
diff --git a/reuters/training/8039 b/reuters/training/8039
new file mode 100644
index 0000000000000000000000000000000000000000..053334eafbccb926a330de4ac46918d35cdf4ec4
--- /dev/null
+++ b/reuters/training/8039
@@ -0,0 +1,19 @@
+SULPETRO LOSS DUE TO WRITEDOWNS, ASSET DISPOSALS
+  <Sulpetro Ltd> said its 1986
+  fiscal year net loss of 276.4 mln dlrs, or 19.22 dlrs per
+  share, was due to several factors, the largest of which was a
+  writedown of 125.0 mln dlrs of oil and gas properties.
+      Sulpetro also recorded a writeoff of deferred charges
+  amounting to 67.0 mln dlrs, a loss of 22.5 mln dlrs on the
+  disposal of all properties in the United Kingdom and an equity
+  loss of 21.2 mln dlrs from affiliate Sulbath Exploration Ltd.
+      There was also a loss on other investments of 4.6 mln dlrs
+  and a loss on operations of 36.1 mln dlrs after interest,
+  depletion, depreciation and income tax recoveries.
+      In the fiscal year ended October 31, 1985, Sulpetro had a
+  net loss of 45.6 mln dlrs, or 3.90 dlrs per share.
+      The company also said its non-recourse project financing
+  for the Irish-Lindergh heavy oil field remains in default due
+  to continuing low oil prices.
+  
+
diff --git a/reuters/training/8040 b/reuters/training/8040
new file mode 100644
index 0000000000000000000000000000000000000000..04002bfd682aca8a8eedff3443d1022076efdb80
--- /dev/null
+++ b/reuters/training/8040
@@ -0,0 +1,24 @@
+AMERICAN EXPRESS <AXP> TO DISCUSS SHEARSON DEAL
+  American Express Co's board of
+  directors Monday will discuss the company's arrangement to sell
+  13 pct of Shearson Lehman Brothers Inc to Nippon Life Insurance
+  Co, a company spokesman said.
+      The spokesman would not say whether the board is planning
+  to vote on the understanding between American Express and
+  Nippon Life. The Shearson stake is to be sold for 530 mln dlrs,
+  American Express has said.
+      The spokesman also would not comment on speculation that
+  the board was to discuss a sale of securities to the public.
+      Monday's board meeting is a regular monthly meeting. The
+  plan to sell part of Shearson to Nippon Life must be approved
+  by the American Express board and Japan's Ministry of Finance.
+      Earlier, American Express and Shearson said they were
+  subpoenaed by the Securities and Exchange Commission. American
+  Express said it was subpoenaed for documents pertaining to
+  securities transactions of American Express and Fireman's Fund.
+  Shearson was subpoenaed for documents related to transactions
+  with Jefferies and Co and others.
+      The American Express spokesman said he could not comment on
+  whether any officials of the firm were subpoenaed.
+  
+
diff --git a/reuters/training/8041 b/reuters/training/8041
new file mode 100644
index 0000000000000000000000000000000000000000..da09942a957365f31269e0a1714a1d0c3bbc7317
--- /dev/null
+++ b/reuters/training/8041
@@ -0,0 +1,50 @@
+NATURAL GAS SEEN RECAPTURING SOME MARKET SHARE
+  Higher crude oil prices will raise
+  demand for natural gas, helping it to reclaim market share lost
+  to heavy oil when prices plunged in 1986, analysts said.
+      The analysts said that these efforts will be most
+  successful in the industrial sectors of the economy with large
+  and growing energy requirements.
+      "Natural gas stands a good chance to recapture the share of
+  oil supplied to electric utilities that it lost to the residual
+  fuel industry last year," Michael Smolinski, an energy
+  economist with Data Resources Inc, told Reuters.
+      An estimated 200,000 barrels per day of residual fuel went
+  into the utilities market at the expense of natural gas last
+  year when world oil prices plunged, Smolinski said. 
+      Assuming oil prices hold above 15 dlrs a barrel, national
+  average gas prices delivered to the utilities at a projected
+  2.10 to 2.25 dlrs per mln Btu would be very competitive,
+  Michael German, vice president of economic analysis at American
+  Gas Association said.
+      The average delivered prices at the end of January were
+  2.10 dlrs per mln Btu, compared with 3.26 dlrs a year ago.
+      "We expect natural gas to regain 250 to 400 billion cubic
+  feet (of demand) in the overall energy market in the second and
+  third quarter (1987)," he said.
+      In addition to price competitiveness, availability will be
+  an important factor persuading energy users to switch to gas,
+  Frank Spadine, senior energy economist with Bankers Trust Corp.
+  in New York noted.
+      Spadine said the mild winter in many parts of the North
+  American continent has led to a build up of gas inventories and
+  less would be necessary to replenish underground storage this
+  spring freeing gas for spot sales.
+      These forecasts develop a strong counterpoint to the fears
+  that natural gas suplies would be tight and prices
+  significantly higher given a sharp decline in drilling last
+  year.
+      AGA's German contended that despite the drilling decline,
+  much of U.S. proved reserves could be brought to production
+  quickly through developments such as the infill drilling which
+  permits more wells to be drilled in proved reserve basins.
+      Citing recent EIA statistics, German said, the gas surplus
+  was likely to contract from three trillion cubic feet in 1986
+  to two trillion cubic feet in 1987, but the surplus would not
+  go away until 1990.
+      Smolinski of Data Resources agreed that the surplus would
+  persist until 1990. While gas supplies may tighten in certain
+  consuming areas, notably in California and in the Northeast
+  U.S., an overall shortfall appeared remote.
+  
+
diff --git a/reuters/training/8044 b/reuters/training/8044
new file mode 100644
index 0000000000000000000000000000000000000000..25a7524d2d3dd0691995814ed4dd837dea9e8864
--- /dev/null
+++ b/reuters/training/8044
@@ -0,0 +1,59 @@
+U.S. SENATORS SAY SANCTIONS LIKELY ON MICROCHIPS
+  The United States will likely impose
+  sanctions soon on imports of Japanese microchips, senators said
+  today after a private meeting with Commerce Secretary Malcolm
+  Baldrige.
+      Although the senators said Baldrige told them no decision
+  would be taken until a final determination is made on whether
+  Japanese microchips were dumped in the United States, they said
+  they were virtually sure Japan would face penalties.
+      President Reagan's trade policy advisory group, of which
+  Baldrige is a member, will meet on the issue Wednesday.
+      "I am confident we will see action taken," Sen. John McCain,
+  an Arizona Republican, told reporters.
+      "I am expecting sanctions at least, and even more than
+  sanctions," Sen. Pete Domenici, a New Mexico Republican, said.
+      The senators, several congressmen and U.S. semiconductor
+  industry representatives met with Baldrige and State Department
+  officials to discuss Japan's alleged violations of a September
+  1986 agreement to stop dumping its microchips in the United
+  States and other countries.
+      They recommended Japanese firms be penalized through
+  tariffs or import duties over the next six to 12 months for
+  continuing to dump microchips. The violations were worth 100
+  mln dls to the Japanese semiconductor industry, they said.
+      Asked if Baldrige intended to recommend sanctions, Sen.
+  Pete Wilson told reporters, "The clear import of what he said is
+  that there will be."
+      "Japan can't just say they will comply. We think sanctions
+  must be applied," for past violations of the agreement, the
+  California Republican said.
+      The semiconductor industry produces microprocessor chips
+  which are used in high technology products ranging from radios
+  to defence missile guidance systems.
+      Sen. James McClure, an Idaho Republican, said Baldrige told
+  them the administration had not made a final determination that
+  Japanese companies had dumped semiconductor microchips below
+  the cost of production in the United States or other countries.
+      But McClure said senators told him, "There is no doubt
+  dumping is going on," based on evidence such as invoices of
+  purchases of the Japanese products.
+      The two countries signed a pact last September in which
+  Japan agreed to stop selling its microchips in the United
+  States and other countries below production costs and to allow
+  the U.S. semiconductor industry access to the Japanese market.
+      In return, the United States waived its right to impose
+  import duties on the Japanese microchips.
+      Japanese officials have said they have lived up to the pact
+  and have asked Japanese chip-makers to further slash output to
+  save the pact.
+      Japan has frequently been the target of congressional
+  discouragement over last year's record 169-billion-dlr trade
+  deficit. Tokyo had a 59-billion-dlr surplus with the United
+  States last year and had large surpluses with other countries.
+      The Senate yesterday unanimously passed a resolution
+  calling for action against Japan for violations of the pact
+  since September. The resolution will be introduced in the House
+  next week by Rep. Bob Matsui, a California Democrat.
+  
+
diff --git a/reuters/training/8045 b/reuters/training/8045
new file mode 100644
index 0000000000000000000000000000000000000000..be0b4ce45f1060c6f8a25197031bd696407cd819
--- /dev/null
+++ b/reuters/training/8045
@@ -0,0 +1,13 @@
+MULTI-MEDIA SEES YEAR END LOSS
+  Multi-Media Barter Ltd said it expects
+  to report a net loss of 820,000 dlrs or 17 cts a share for the
+  year ended December 31, compared to a loss of 553,000 or 11 cts
+  a share in the prior year.
+      The fourth quarter resulted in a net loss of 227,000 or
+  four cts compared to a loss of 330,000 or six cts a shares last
+  year.
+      It said it is currently in the process of restructuring by
+  reducing expenses and streamlining operations and has cut
+  expenses from 50,000 dlrs to less than 15,000 dlrs a month.
+  
+
diff --git a/reuters/training/8047 b/reuters/training/8047
new file mode 100644
index 0000000000000000000000000000000000000000..aa92233ae78c6281a37269809ffc7cb8a8f0e78a
--- /dev/null
+++ b/reuters/training/8047
@@ -0,0 +1,11 @@
+NATIONAL HMO CORP <NHMO> 2ND QTR JAN 31
+  Shr loss nine cts vs profit nine cts
+      Net loss 478,000 vs profit 371,000
+      Revs 3.4 mln vs 2.6 mln
+      Six months
+      Net loss 466,000 vs profit 685,000
+      Revs 6.2 mln vs 5.0 mln
+      NOTE:1987 net loss includes writeoff of deferred start up
+  costs totaling 490,000 dlrs.
+  
+
diff --git a/reuters/training/8048 b/reuters/training/8048
new file mode 100644
index 0000000000000000000000000000000000000000..d63885d33986788126e5f8dfcf59fbf207bd8b09
--- /dev/null
+++ b/reuters/training/8048
@@ -0,0 +1,7 @@
+MINORCO <MNRCY> HALF YEAR DEC 31
+  Shr 26 cts vs 38 cts
+      Net 44.0 mln vs 65.0 mln
+      NOTE:1986 net includes one mln dlr extraordinary gain and
+  1985 net icludes four mln dlrs extraordinary loss.
+  
+
diff --git a/reuters/training/8050 b/reuters/training/8050
new file mode 100644
index 0000000000000000000000000000000000000000..907a5e8381ab26ddd1ddc074260fa99b6f430f00
--- /dev/null
+++ b/reuters/training/8050
@@ -0,0 +1,10 @@
+MINORCO <MNRCY> SEES IMPROVED SECOND HALF
+  Minorco said it expects net
+  earnings to be substantially stronger than the 44.0 mln dlrs
+  reported for the first half.
+      In reporting that first half results declined from 65.0 mln
+  dlrs, Minorco said the contributions from its 50 pct investment
+  in December 1985 in Adobe Resources Corp was negative as a
+  result of low oil and gas prices.
+  
+
diff --git a/reuters/training/8051 b/reuters/training/8051
new file mode 100644
index 0000000000000000000000000000000000000000..907a5e8381ab26ddd1ddc074260fa99b6f430f00
--- /dev/null
+++ b/reuters/training/8051
@@ -0,0 +1,10 @@
+MINORCO <MNRCY> SEES IMPROVED SECOND HALF
+  Minorco said it expects net
+  earnings to be substantially stronger than the 44.0 mln dlrs
+  reported for the first half.
+      In reporting that first half results declined from 65.0 mln
+  dlrs, Minorco said the contributions from its 50 pct investment
+  in December 1985 in Adobe Resources Corp was negative as a
+  result of low oil and gas prices.
+  
+
diff --git a/reuters/training/8055 b/reuters/training/8055
new file mode 100644
index 0000000000000000000000000000000000000000..249f4a2f6fbba61ed75417ea3fe1aa918ff26365
--- /dev/null
+++ b/reuters/training/8055
@@ -0,0 +1,84 @@
+ECONOMIC SPOTLIGHT - BOLIVIA
+  Bolivia, once Latin America's most
+  delinquent debtor, is preparing for a second International
+  Monetary Fund agreement after an economic stabilisation program
+  has effectively slowed inflation and reduced public spending.
+      A fund spokesman said an IMF team would visit La Paz
+  shortly to discuss terms of the new agreement.
+      He said the IMF had disbursed 130 mln dlrs here and 20 mln
+  dlrs are pending under the one year agreement that ends this
+  month. The accord provided for a stand-by loan, a compensatory
+  financing facility and a structural adjustment facility.
+      The spokesman said that if the agreement is renewed,
+  Bolivia can expect a further 60-mln-dlr stand-by loan over the
+  next 12 months.
+      Bolivia's agreement with the IMF, its first since 1980,
+  opened the door to rescheduling negotiations with the Paris
+  Club and Argentina and Brazil, which hold 2.5 billion dlrs of
+  Bolivia's 4.0-billion-dlr foreign debt.
+      Central Bank President Javier Nogales told Reuters the
+  negotiations with the Paris Club, which have yet to be
+  finalised, had been extremely successful.
+      Nogales said the Paris Club had agreed to reschedule
+  Bolivia's debt over 10 years with five to six years grace and
+  had waived all interest payments until the end of 1988.
+      Bilateral discussions on interest rates continue, he said.
+      Nogales said Bolivia was expecting some 400 mln dlrs in
+  disbursements this year from lender countries and international
+  agencies, including the World Bank and the Inter-American
+  Development Bank, although diplomatic and banking sources put
+  the figure at closer to 300 mln dlrs.
+      Nogales said Bolivia's net international reserves are
+  around 250 mln dlrs, up from one mln dlrs when President Ictor
+  Paz Estenssoro took office in august 1985. Nogales said the
+  capital flow on Bolivia's debt servicing versus new credits had
+  changed from a net outflow of 200 mln dlrs in 1985 to a net
+  inflow of 130 mln dlrs in 1986.
+      Bolivia's return from the financial wilderness follows paz
+  estenssoro's economic stabilisation program. He inherited
+  inflation of 23,000 pct a year, state enterprises that were
+  losing hundreds of mlns of dlrs and a currency that traded on
+  the black market at up to 16 times its official rate.
+      Paz estenssoro froze public sector wages, set a market-
+  related rate for the peso, introduced tax reforms and laid off
+  thousands of workers in state corporations.
+      Inflation has been running at 10 pct a year for the past
+  six months, according to the Central Bank, and the government 
+  expects the economy to grow three pct this year after a 14 pct
+  contraction over the last six years.
+      The government is also proposing a novel solution to its
+  debt to commercial banks, some 900 mln dlrs, on which interest
+  has not been paid since March, 1984.
+      Nogales said that over the next few months Bolivia would
+  make a one-time offer to buy back all its commercial debt at
+  the price it trades on the international secondary market -- 
+  10-15 cents on the dlr. He said Bolivia's commercial bank
+  steering committee agreed at a meeting in New York to consider
+  the proposal, but it is still unclear what proportion of the
+  country's creditor banks will take up the offer.
+      One foreign banker speculated that Bolivia might be able to
+  buy back up to 30 pct of its commercial debt paper under the
+  deal, mostly from small banks who have written off their loans
+  to the country.
+      But he said the larger creditors were more interested in a
+  scheme of debt-equity swaps, similar to that which has operated
+  in Chile for the past two years.
+      The Bolivian government has yet to draw up proposals for
+  debt-equity swaps, but the banker said it was planning to
+  privatise more than 100 state companies and these could serve
+  as a basis for such a scheme.
+      Foreign bankers said this type of proposal might prove
+  attractive to Bolivia in the long run, especially as the
+  government realises that it will have to attract a large amount
+  of new capital in order to grow.
+      Planning Minister Gonzalo Sanchez de Lozada told Reuters
+  that Bolivia was hoping for five to six billion dlrs in new
+  investment over the next 10 to 12 years.
+      The government realises that in order to remain viable,
+  Bolivia will need to develop new exports.
+      The price of tin, which accounted for some 45 pct of
+  Bolivia's exports in 1984, has collapsed on the world markets,
+  and gas, the country's major revenue earner, is in abundant
+  supply in the region.
+  
+
diff --git a/reuters/training/8056 b/reuters/training/8056
new file mode 100644
index 0000000000000000000000000000000000000000..44636c7b7ce32d6b22ed5628313957a0d675c79f
--- /dev/null
+++ b/reuters/training/8056
@@ -0,0 +1,20 @@
+NEOAX INC <NOAX> 4TH QTR
+  Shr loss 13 cts vs loss six cts
+      Net loss 1.4 mln vs loss 635,000
+      Revs 40.3 mln vs 28.5 mln
+      Year
+      Shr profit 40 cts vs profit 26 cts
+      Net profit 4.2 mln vs 2.6 mln
+      Revs 166.4 mln vs 94.6 mln
+      NOTE:1986 4th qtr and year net reflects dividend
+  requirements of 1.5 mln dlrs and 3.3 mln dlrs, and charges of
+  257,000 dlrs and 4.6 mln dlrs respectively which is not
+  accruable or payable because of pre-reorganization tax loss
+  carryforwards.
+      1985 4th qtr and year net reflects dividend requirement of
+  1.1 mln dlrs and 2.3 mln dlrs, respectively, and charges of
+  472,000 dlrs and 2.9 mln dlrs respectively which is not
+  accruable or payable because of pre-organization tax loss
+  carryforwards.
+  
+
diff --git a/reuters/training/8060 b/reuters/training/8060
new file mode 100644
index 0000000000000000000000000000000000000000..416028690ea35be31ed5486cbe8ec9f7d1563e02
--- /dev/null
+++ b/reuters/training/8060
@@ -0,0 +1,74 @@
+MAIN FEATURES OF NEW RUBBER PACT
+  The new International Natural Rubber
+  Agreement (INRA), like the 1979 pact, will use a buffer stock
+  as the sole instrument for market intervention -- excluding
+  export quotas or production controls.
+      The new INRA was adopted yesterday at a session held under
+  the auspices of the United Nations Conference on Trade and
+  Development (UNCTAD).
+      In many respects the main features in the new pact resemble
+  those contained in the present one.
+      The reference price, currently 201.66 Malaysian/Singapore
+  cts per kilo, will be maintained -- unless between now and
+  October 22, when the 1979 INRA expires, the average of the
+  daily market indicator price remains above the upper
+  intervention ("may sell") price (231 cts) or below the lower
+  intervention ("may buy") price (171 cts) for six months.
+      If this happened -- but delegates said it was unlikely
+  considering that the present indicator price averages 196 cts
+  -- the price would be revised under the current accord by five
+  pct or by whatever amount the International Natural Rubber
+  Council decides.
+      The new reference price would then be taken over for the
+  new agreement.
+      Under the same circumstances in the new pact the reference
+  price would be automatically revised by five pct unless the
+  Council decides on a higher percentage.
+      Similarly, if buffer stock purchases or sales amounting to
+  300,000 tonnes have been made since the last revision, the
+  reference price will be lowered or raised by three pct unless
+  the Council decides on a higher percentage.
+      Another change introduced in the new INRA is that price
+  reviews will be held at 15-month intervals instead of 18.
+      Those changes are intended to make the reference price more
+  responsive to market trends.
+      As in the present accord the "may buy" and "may sell" levels
+  are set at plus or minus 15 pct of the reference price, and the
+  "must buy" and "must sell" levels at 20 pct of it.
+      The lower and upper indicative prices (floor and ceiling
+  prices) will remain fixed at 150 and 270 cents, unless the
+  Council decides to revise them at reviews held every 30 months.
+      During the negotiations, consumers abandoned a proposal
+  that the floor price be adjusted downward if the buffer stock,
+  currently 360,000 tonnes, rose to 450,000 tonnes.
+      The maximum size of the buffer stock in the new pact is the
+  same as under the present one -- 400,000 tonnes, with provision
+  for an additional contingency buffer stock of 150,000 tonnes.
+      Under the new accord, the contingency buffer stock will be
+  brought in at 152 cts to defend the floor price.
+      At last Friday's session, Ahmed Farouk, speaking for
+  producers, said producing nations considered that the 1979 pact
+  had served the purpose for which it had been created.
+      Gerard Guillonneau of France, who spoke for consumers,
+  agreed that the current agreement had worked "relatively well."
+      Asked about the chances of success of the new INRA,
+  delegates noted that for nearly its whole life, the 1979 accord
+  had maintained the average price above the "must buy" level.
+      They said the agreement until now did not appear to have
+  encouraged excessive production of rubber.
+      In addition, provisions for borrowing to finance the buffer
+  stock have now been eliminated, ruling out speculation. "It is a
+  sort of middle-of-the-road agreement," one delegate said.
+      The new pact will be open for signature at U.N.
+  Headquarters in New York from May 1 to December 31 this year.
+      To become operational, it will require ratification by
+  countries accounting for 75 pct of world exports and 75 pct of
+  world imports.
+      Delegates estimate that this will take 12 to 14 months from
+  now. During the hiatus between the two agreements, the
+  International Natural Rubber Council will remain in place.
+      The pact will enter into force definitively when
+  governments accounting for 80 pct of world exports and 80 pct
+  of world imports have ratified it.
+  
+
diff --git a/reuters/training/8063 b/reuters/training/8063
new file mode 100644
index 0000000000000000000000000000000000000000..3ef5574f4416b83138136a5f3e53898034b9c93f
--- /dev/null
+++ b/reuters/training/8063
@@ -0,0 +1,25 @@
+TAIWAN INDUSTRIAL OUTPUT FALLS, CURRENCY BLAMED
+  Taiwan's industrial production index,
+  fell, largely as the result of the rising Taiwan dollar, by
+  8.18 pct to 140.06 (base 1981) in February from a revised
+  152.53 in January, the Economy Ministry said.
+      It was the second consecutive monthly fall, after dropping
+  nine pct in January, but it was still 26.49 pct up on February
+  1986 following a very extended rise last year.
+      The January figure was revised from a preliminary 154.82.
+      A ministry official attributed the decline to falling
+  production of non-metal products, textiles and transportation
+  equipment, and less mining and house construction.
+      The official said the decline was also caused by falling
+  exports in February due to the climb of the Taiwan dollar,
+  which has made Taiwanese products more expensive.
+      He expected the decline to continue in the next few months
+  because of further appreciation of the local dollar against the
+  U.S. Currency.
+      The Taiwan dollar advanced more than 15 pct against the
+  U.S. Dollar since September 1985. It closed at 34.40 to the
+  U.S. Dollar today, and is expected to rise to about 32 to the
+  dollar by the end of this year, foreign bankers and economists
+  said.
+  
+
diff --git a/reuters/training/8064 b/reuters/training/8064
new file mode 100644
index 0000000000000000000000000000000000000000..1dc1fa4d65d85f2a5b310c54f465cc504b0432c1
--- /dev/null
+++ b/reuters/training/8064
@@ -0,0 +1,14 @@
+NO ZIMBABWE DOLLAR DEVALUATION - CENTRAL BANK
+  Zimbabwe's Reserve Bank, the nation's
+  central bank, has denied the Zimbabwe dollar would be devalued.
+      Bank Governor Kombo Moyana told The Herald daily newspaper
+  "unfortunate and completely unfounded speculation that a
+  depreciation of the Zimbabwe dollar was about to occur" had
+  aggravated a serious foreign exchange shortage.
+      "During February and the early part of March this
+  (speculation) caused importers to bring forward their payments
+  and exporters to delay as long as possible the inward
+  remittance of export receipts, resulting in a significant
+  slowdown in net foreign exchange inflows," he added.
+  
+
diff --git a/reuters/training/8068 b/reuters/training/8068
new file mode 100644
index 0000000000000000000000000000000000000000..e59f70057f7b8dadcecfcd5f22f3c2b3a21f0595
--- /dev/null
+++ b/reuters/training/8068
@@ -0,0 +1,36 @@
+FORMER GOLD FIRM EXECUTIVES ARRESTED IN JAPAN
+  The public prosecutors and police
+  here arrested five former senior executives of a bankrupt gold
+  deposit business group for defrauding about 450 clients of
+  about 1.5 billion yen for gold bars which were never delivered,
+  police said.
+      The case involving the Toyota Shoji Company was highlighted
+  when its 32-year-old Chairman Kazuo Nagano was stabbed to death
+  here in public view in June, 1985.
+      Television crews which had been waiting outside Nagano's
+  home filmed two men smashing their way into the home and later
+  emerging with a bloodstained bayonet.
+      The company, established here in 1981, undertook to hold
+  gold on deposit for investors. It grew into a nationwide
+  business operation with 87 branch offices and 7,000 employees
+  at its peak in early 1985.
+      Toyota Shoji's business group collected an estimated 200
+  billion yen from about 30,000 clients, many of them pensioners
+  and housewives, before the firm went bankrupt in July, 1985,
+  according to lawyers.
+      Of them, some 18,000 clients claimed they could get back
+  neither gold or money, suffering an aggregate loss of 150
+  billion yen, local press reports said.
+      Police said the five arrested on charge of fraud today
+  included Hiroshi Ishikawa, 47, former Toyota Shoji president,
+  and a sixth former executive was placed on a wanted list.
+      They were suspected of having collaborated with the late
+  Nagano in swindling about 1.5 billion yen from about 450 people
+  in Osaka and nearby Kobe during a six month period just before
+  the firm's bankruptcy, they said.
+      Today's arrest came after narly two years of joint
+  investigation by the public prosecutors and police, who had
+  questioned about 3,000 of the firm's former employees,
+  police sources said.
+  
+
diff --git a/reuters/training/8069 b/reuters/training/8069
new file mode 100644
index 0000000000000000000000000000000000000000..b01abe1e74419476b350803216a2546cbe27e88d
--- /dev/null
+++ b/reuters/training/8069
@@ -0,0 +1,72 @@
+WORLD BANK LIKELY TO URGE CHANGES ON JAKARTA
+  World Bank President Barber Conable is
+  expected to press Indonesia, the Third World's sixth largest
+  debtor, to maintain the momentum of economic policy changes to
+  tackle the slump in its oil revenues, western diplomats said.
+      Conable, who flew to Indonesia yesterday from Tokyo, will
+  meet with President Suharto and senior economic ministers.
+      He said on arrival that the economy of South-East Asia's
+  largest nation was being managed well, but the slump in world
+  oil prices called for major policy adjustments.
+      Today the World Bank chief will visit Bank-funded projects
+  in the eastern section of Java, Indonesia's most populous
+  island. He will see Suharto on Tuesday after a day of detailed
+  discussions with ministers tomorrow.
+      Indonesia, the only Asian member of OPEC, has been severely
+  hit by last year's crash in oil prices, which cut its oil and
+  gas revenues in half.
+      Japan's state Export-Import Bank last month agreed to
+  provide around 900 mln dlrs in untied credits to help Indonesia
+  pay for its share of 21 World Bank development projects.
+      Indonesia, a country of 168 mln people, has responded to
+  the oil slump by cutting spending, devaluing its currency by 31
+  pct, and trying to boost exports, while using foreign loans to
+  bridge its deficit.
+      Diplomats said that Conable was expected to press Suharto
+  and leading economic ministers to maintain the pace of policy
+  change, particularly in dismantling Indonesia's high-cost
+  protected economy.
+      "Oil prices, the debt crisis, the world recession, all call
+  for major policy adjustments and external support," Conable said
+  in his arrival statement.
+      But with Indonesia facing parliamentary elections next
+  month, he is likely to avoid anything which would imply that
+  the Bank is demanding specific changes.
+      "We believe there has been wise leadership here and the
+  economy is being very well managed," Conable told reporters at
+  Jakarta airport.
+      Indonesia has official and private overseas debts totalling
+  37 billion dlrs, according to the Bank, which makes it the
+  Third World's sixth biggest debtor. It has received 10.7
+  billion dlrs from the World Bank since 1968.
+      Conable did not spell out what further changes he would
+  like to see. Last month the Bank endorsed economic changes
+  already introduced by Indonesia, but implied it wanted more.
+      Giving a 300 mln dlr loan in balance of payments support,
+  the Bank said it will monitor progress on implementation of the
+  government's trade reform measures, and supported its
+  determination to promote efficiency and longer-term growth.
+      Indonesia has introduced a series of measures since last
+  May to boost non-oil exports, liberalise trade and encourage
+  outside investment.
+      Suharto has also ordered a government committee to look
+  into which of Indonesia's 215 state-run companies could be
+  sold.
+      But in a report last month, the U.S. Embassy said the
+  government appeared divided over how far to take its reforms.
+      Western analysts say that in particular the government is
+  unsure how far to go with dismantling Indonesia's high-cost
+  monopolies, which control core areas of the economy.
+      Central bank governor Arifin Siregar said this week that
+  Indonesia faced very limited economic choices.
+      It could not spend its way out of trouble because this
+  would increase the balance of payments deficit and domestic
+  inflation.
+       He said the main objective was to raise exports outside
+  the oil and natural gas sector.
+      Indonesia's current account deficit is projected by the
+  government to fall to 2.64 billion dlrs in the coming financial
+  year which starts on April 1, from an estimated 4.1 billion in
+  1986/87.
+  
+
diff --git a/reuters/training/8074 b/reuters/training/8074
new file mode 100644
index 0000000000000000000000000000000000000000..802d651e7ea2dcc1872547cbe9f6af7c4c0a53aa
--- /dev/null
+++ b/reuters/training/8074
@@ -0,0 +1,63 @@
+NIGERIA CHANGES AUCTION RULES TO DEFEND THE NAIRA
+  Nigeria's Central Bank has changed the
+  rules governing its foreign exchange auctions in what analysts
+  see as a means of defending the naira currency, which has
+  depreciated steadily.
+      The bank said in a statement that from April 2, banks
+  bidding for foreign exchange would have to pay at the rate they
+  offered and not, as presently, at the rate of the lowest
+  successful bid made at the auction.
+      This should discourage banks from bidding high to ensure
+  that they were successful while paying the lower "marginal" rate,
+  analysts said.
+      "It should act as a brake because banks will know that if
+  they bid high they will have to pay what they offered," a
+  Western diplomat commented.
+      The naira has depreciated against the dollar by 62 pct
+  since the auctions, known as the Second-Tier Foreign Exchange
+  Market (SFEM), began last September 26.
+      At last week's session the Nigerian currency was fixed at
+  4.0 to the dollar, the third fall in a row.
+      "They were clearly worried... And this is the logical way of
+  trying to stop the trend," the diplomat said.
+      The Central Bank also announced the auctions would be
+  fortnightly, not weekly, beginning on April 2.
+      It was not immediately clear whether next Thursday's
+  scheduled session would still take place, nor if the bank was
+  planning to double the 50 mln dlrs which are normally on offer
+  at each auction.
+      Demand for foreign exchange has consistently outstripped
+  supply, encouraging banks to bid high and thus further
+  weakening the naira.
+      If the normal weekly allocation is not doubled at the
+  fortnightly session, high demand could undermine the objective
+  of the new system, analysts said.
+      Although bidding banks will now pay what they offered, the
+  official exchange rate for the naira applying to business
+  transactions will continue to be the marginal rate -- the
+  lowest successful bid.
+      SFEM is a central part of Nigeria's structural adjustment
+  program, which is considered to be the most ambitious economic
+  recovery plan in Black Africa.
+      The program involves setting a realistic exchange rate for
+  the naira, which was over-valued for many years, liberalising
+  imports, boosting agriculture, removing subsidies and reducing
+  inefficient government participation in the economy.
+      The World Bank has played a prominent part in designing
+  this dramatic blue-print and in selling it to an often
+  sceptical public which fears inflation and lower living
+  standards.
+      Ishrat Husain, the World Bank's representative in Nigeria,
+  said yesterday he was satisfied both with the adjustment
+  program as a whole and the foreign exchange auctions.
+      "So far so good" he told a meeting of bankers in Lagos,
+  adding that only members of Nigeria's import-dependent elite
+  would suffer hardship while the common man would benefit.
+      Fears that the program would encourage inflation were
+  incorrect, he said.
+      Bumper harvests had reduced rural inflation and urban
+  prices had already reflected the naira's black market value
+  before the currency was allowed to find its true level last
+  September.
+  
+
diff --git a/reuters/training/8080 b/reuters/training/8080
new file mode 100644
index 0000000000000000000000000000000000000000..b322b05275bb1c4435d8920e88b73243b928dddc
--- /dev/null
+++ b/reuters/training/8080
@@ -0,0 +1,60 @@
+NEXT WORLD TRADE NEGOTIATIONS MUST SUCCEED - NZ
+  Ministers from more than 20
+  nations were told by New Zealand that the next international
+  negotiations on liberalising trade would be the last this
+  century and the cost of failure could not be measured.
+      Trade minister Mike Moore told his colleagues at a
+  welcoming ceremony before two days of talks here that great
+  progress had been made in preparing for the negotiations which
+  must not be sidetracked.
+      "We live in troubled and dangerous times for the world
+  trading system," he said.
+      "We have seen that the failure of the world trading system
+  has caused great depression and conflict in the past. Our
+  failure to maintain the momentum will be at great cost to us
+  all," Moore said.
+      He added: "The cost of failure is beyond calculation. It is
+  our last hope and best opportunity this century. We will not
+  get another chance before the year 2000."
+      The ministers are in New Zealand to review world trade
+  since the "Uruguay round" talks last Sepember. The meeting is
+  also part of preparations for a full-scale conference of the
+  General Agreement on Tariffs and Trade (GATT) in Venice in
+  June.
+      The Uruguay meeting is considered by most countries to have
+  been particularly successful, with northern hemisphere
+  countries managing to have service industries such as banking
+  and insurance included in the next full round.
+      The southerners' goal of including agricultural and
+  tropical products also was met.
+      The meeting at this North Island tourist resort is
+  described by participants as informal and no declaration is
+  expected.
+      Moore said one aim was to "instil a sense of political
+  urgency to avert potential economic tragedy."
+      Another was to seek ways of popularising freer trade to
+  people who felt the pain of readjustment but could not see the
+  benefits, as well as preventing "bush fires of confrontation
+  while we proceed with orderly negotiations."
+      The meeting is being attended by 25 overseas delegations
+  including representatives of GATT and the Economic Community.
+      The delegates include U.S. Trade Representative Clayton
+  Yeutter.
+      American sources say he is ready to state that the best way
+  to reverse protectionist sentiment in the United States is to
+  implement four key Uruguay proposals:
+      -- an end to agricultural subsidies;
+      -- inclusion of trade in services and investments in GATT
+  regulations;
+      -- tightening of restrictions on pirating of so-called
+  intellectual property such as trademarks, patents and
+  copyrights;
+      -- new rules to resolve trade disputes among GATT's 92
+  member states.
+      Earlier, New Zealand sources had said French Foreign Trade
+  Minister Michel Noir had pulled out of the informal GATT talks
+  for domestic political reasons.
+      Cabinet chief Bernard Prauge will lead the French
+  delegation.
+  
+
diff --git a/reuters/training/8085 b/reuters/training/8085
new file mode 100644
index 0000000000000000000000000000000000000000..cbd95edcd2b6cb8802b248aece4d0ec919f24cf8
--- /dev/null
+++ b/reuters/training/8085
@@ -0,0 +1,41 @@
+AUSTRALIAN OFFER FOR SAN MIGUEL SHARES
+  Diversified investment company, <Ariadne
+  Australia Ltd>, has offered 3.8 billion pesos for 38 mln shares
+  in the Philippine brewing firm <San Miguel>, a Manila newspaper
+  reported.
+      The Sunday Times quoted a letter sent yesterday to
+  President Corazon Aquino from Ariadne's chairman, New Zealander
+  Bruce Judge, that he was offering cash equivalent to five pct
+  of the nation's yearly budget to buy the shares from the
+  government.
+      The presidential office and Ariadne representatives in
+  Manila were not available for comment on the report.
+      The shares are the entire block seized by the government
+  from the United Coconut Planters Bank (UCPB) on suspicion that
+  the real owner was Eduardo Cojuangco, the former chairman of
+  San Miguel and UCPB and a close associate of deposed president
+  Ferdinand Marcos.
+      The 38 mln shares consist of 24 mln class A stock and 14
+  mln class B shares.
+      Government officials have said earlier that the more
+  valuable class A shares would not be sold to foreigners.
+      The offer values each share at 100 pesos -- the price at
+  which the Philippine Social Security System suggested it might
+  buy eight mln class A shares last week.
+      "Judge's offer of 3.8 billion pesos is about five pct of the
+  Philippines' yearly budget," Ariadne's Philippine agent Domingo
+  Panganiban was quoted as telling reporters yesterday.
+      "Mr Judge's objective in this investment is to make his
+  corporation's management expertise available to San Miguel so
+  that the company's assets can be fully utilised."
+      San Miguel, the country's largest brewer, is also one of
+  the major manufacturers of grocery lines.
+      Panganiban is quoted as saying that San Miguel could tap
+  food and liquor distribution lines in Australia, Britain, the
+  U.S., New Zealand and Hong Kong through <Barwon Farmlands Ltd>,
+  a listed Australian firm in which it has 30 pct equity.
+      Ariadne, with about one billion dlrs in assets and turnover
+  of about two billion, has interests also in mining, real estate
+  and agricultural products.
+  
+
diff --git a/reuters/training/8086 b/reuters/training/8086
new file mode 100644
index 0000000000000000000000000000000000000000..ba33d16bffceef964ed1d2a769e98044b29f7023
--- /dev/null
+++ b/reuters/training/8086
@@ -0,0 +1,23 @@
+INDONESIA PROTESTS AGAINST EC VEGETABLE OIL DUTY
+  Indonesia has protested to the European
+  Community (EC) about its plan to raise import duties on
+  vegetable oils, which will affect the country's palm oil
+  exports to the EC, Trade Minister Rachmat Saleh said.
+      "Indonesia, both individually and together with other
+  members of the Association of South-East Asian Nations (ASEAN),
+  has protested against the EC plan to increase duties on
+  vegetable oil imports," he told Indonesian reporters.
+      "We very much regret the community's plan," he added.
+      He did not say in what form the Indonesian protest was
+  made.
+      Indonesia is a major palm oil producer.
+      According to central bank figures, Indonesia exported
+  362,700 tonnes of crude palm oil to EC countries in calendar
+  1985 and 301,400 tonnes in the first 10 months of 1986.
+  Complete 1986 figures are not yet available.
+      Finance Minister Radius Prawiro said recently that the
+  increase in EC duties would add a new burden to ASEAN countries
+  at a time when they were trying to strengthen their economies
+  in the face of lower commodity prices.
+  
+
diff --git a/reuters/training/8087 b/reuters/training/8087
new file mode 100644
index 0000000000000000000000000000000000000000..cc53cec3c874a5faeec8ccd246fda633ecda25be
--- /dev/null
+++ b/reuters/training/8087
@@ -0,0 +1,10 @@
+ALITALIA SPA <AZPI.MI> CALENDAR 1986
+  Provisional net profit 55 billion lire vs 48 billion
+      Turnover 3,750 billion vs 3,369 billion.
+      NOTE -  Official results for Alitalia, Italy's national
+  airline which is controlled by the state industrial holding
+  company (Istituto per la Ricostruzione Industriale -IRI), are
+  expected to be announced at an annual shareholders meeting in
+  April.
+  
+
diff --git a/reuters/training/8088 b/reuters/training/8088
new file mode 100644
index 0000000000000000000000000000000000000000..8233e2279c400390894f284a85377ab9c0cdd1e0
--- /dev/null
+++ b/reuters/training/8088
@@ -0,0 +1,32 @@
+RAIMOND EXPECTS EC-GULF PROBLEMS WILL BE SOLVED
+  French Foreign Minister Jean-Bernard
+  Raimond predicted in a published interview a successful end to
+  negotiations to admit Gulf petrochemical exports into the
+  European Community (EC).
+      Negotiations have been under way between the Community and
+  the six-nation Gulf Cooperation Council (GCC) for three years.
+      Raimond, due here tomorrow from Oman for his first official
+  visit to the United Arab Emirates (UAE), told the semi-official
+  daily Al-Ittihad he was confident a solution would soon be
+  reached.
+      "I am confident that problems between the two big partners,
+  the GCC and the EC, will find a solution. I will work to reach
+  that solution," he said in the interview conducted in Paris.
+      An EC decision to impose tariffs on Gulf petrochemical
+  exports over a set quota has strained trade relations between
+  the two sides.
+      GCC members Saudi Arabia, Kuwait, Bahrain, Qatar, the UAE
+  and Oman are threatening to impose heavy customs duties on
+  European exports to the Gulf if no solution is reached.
+      Raimond said negotiations between the two groups took a
+  long time because there were 20 countries involved. But added:
+  "Time is now ripe and all circumstances are appropriate for
+  making crucial progress."
+      Referring to the Iran-Iraq war, he said efforts should
+  continue to find a solution despite prevailing difficulties.
+      He said France was continuing negotiations with Iran. Some
+  problems were solved as a result of the contacts while others
+  remained unresolved. He gave no details but said: "France wishes
+  to have normal relations with Iran."
+  
+
diff --git a/reuters/training/8089 b/reuters/training/8089
new file mode 100644
index 0000000000000000000000000000000000000000..55bbefb353185370eab6925177ce73d9b992b473
--- /dev/null
+++ b/reuters/training/8089
@@ -0,0 +1,13 @@
+EXPLOSION AT BP OIL REFINERY IN SCOTLAND
+  An explosion followed by
+  a fire ripped through a British Petroleum (BP) oil refinery,
+  killing one man.
+      A BP spokesman said the fire was confined to one plant at
+  the 700-acre refinery at Grangemouth, 25 miles west of
+  Edinburgh. The cause and extent of the damage had yet to be
+  determined.
+      Two people were killed in a previous explosion and fire at
+  the plant on March 13. That incident is still being
+  investigated, the spokesman said.
+  
+
diff --git a/reuters/training/8091 b/reuters/training/8091
new file mode 100644
index 0000000000000000000000000000000000000000..168f3ca0c327b1f68ef651fd7c6ab938fadb450b
--- /dev/null
+++ b/reuters/training/8091
@@ -0,0 +1,48 @@
+AUSTRALIAN PLANS PHILIPPINE BRANCH FOR TAKEOVER
+  The Australia based <Ariadne
+  Australia Ltd>, plans to set up a branch in the Philippines to
+  fulfill a prerequisite for the takeover of the Philippine
+  brewing firm, <San Miguel Corp>, a Hong Kong newspaper said.
+      The Hong Kong Economic Journal quoted a spokesman of
+  Australian stock broker Jacksons Ltd as saying that <Barwon
+  Farmlands Ltd>, a listed Australian firm of which Ariadne owns
+  a 30 pct stake, is planning a branch in the Philippines.
+      He added Jacksons is arranging an offer by Barwon to pay a
+  total 3.8 billion pesos in cash for 38 mln San Miguel shares.
+      Barwon is offering 100 pesos each for 24 mln class A San
+  Miguel shares and 14 mln class B stock. But the Jacksons
+  spokesman noted that the more valuable A stock would only be
+  sold to Filipinos or companies registered in the Philippines.
+      He said Barwon has approached the Philippine government
+  which seized the block of shares from the United Coconut
+  Planters Bank, which is believed to be linked with the
+  country's deposed President Ferdinand Marcos.
+      He added he expects a deal to be concluded between Barwon
+  and the Philippine Government in 14 days as it is the only
+  offer in cash, the newspaper reported.
+      Hong Kong Economic Journal also noted stock market rumours
+  that <Neptunia Corp>, a Hong Kong registered company which
+  controlled by San Miguel's president Andres Soriano, is the
+  other party keen on the block of San Miguel shares.
+      The Philippine's Commission on Good Government ruled last
+  May against a move of Neptunia to acquire 33 mln San Miguel
+  shares controlled by the brewery firm's former chairman Eduardo
+  Cojuangco, who is also chairman of United Coconut.
+      Commissioner Ramon Diaz said at the time the government
+  would not allow a subsidiary to buy into a parent firm, adding
+  San Miguel could have offered the shares to other parties.
+      The Manila newspaper Sunday Times published a letter sent
+  yesterday to President Corazon Aquino from Ariadne's chairman,
+  New Zealander Bruce Judge, that he was offering cash equivalent
+  to five pct of the nation's yearly budget to buy the shares
+  from the government.
+      "Judge's offer of 3.8 billion pesos is about five pct of the
+  Philippines' yearly budget," Ariadne's Philippine agent Domingo
+  Panganiban was quoted as telling reporters yesterday.
+      Spokesmen of Ariadne, Jacksons and Neptunia were not
+  available for comment, nor any officials of the Philippines.
+      <San Miguel Brewery Ltd>, a Hong Kong listed company which
+  is 69.65 pct held by Neptunia on behalf of San Miguel Corp,
+  closed 40 cents higher at 15.50 H.K. Dlrs on Friday.
+  
+
diff --git a/reuters/training/8094 b/reuters/training/8094
new file mode 100644
index 0000000000000000000000000000000000000000..a63c81cb323471bb18bcf8ea844587c6ebb90c65
--- /dev/null
+++ b/reuters/training/8094
@@ -0,0 +1,22 @@
+ALITALIA REPORTS HIGHER NET PROFITS
+  Italy's national airline, Alitalia Spa
+  <AZPI.MI>, reporting a 14.6 pct rise in provisional 1986 net
+  profit, said it carried seven pct more passengers on domestic
+  routes last year, but 11.5 pct fewer passengers on flights from
+  North America and Canada.
+      Alitalia said the drop in North American traffic had been
+  due to a general fall in the numbers of American tourists
+  visiting Europe caused by fears of terrorism.
+      The airline reported provisional net profit rose to 55
+  billion lire from 48 billion in 1985.
+      A spokesman said Alitalia was hoping for an increase in
+  traffic with the U.S. In 1987.
+      It planned to increase the number of flights from Italy to
+  New York to 19 per week, to reinstate flights to Boston and to
+  re-open the direct Rome-Milan-Los Angeles service.
+      The spokesman announced that from March 29, Alitalia would
+  be starting a new weekly service to Shanghai.
+      For its summer 1987 programme, it would be adding 127 extra
+  flights to European destinations -- an increase of 27 pct.
+  
+
diff --git a/reuters/training/8096 b/reuters/training/8096
new file mode 100644
index 0000000000000000000000000000000000000000..5257a977785287ce04abd3a938eab291c28da5f8
--- /dev/null
+++ b/reuters/training/8096
@@ -0,0 +1,25 @@
+RAFIDAIN BANK'S JORDAN BRANCH RAISES CAPITAL
+  The Jordan branch of Iraq's Rafidain Bank
+  said it will raise paid-up capital to comply with the country's
+  minimum requirement of five mln dinars by drawing on profits
+  from its operations in the country.
+      Jordan's government asked banks in early 1985 to comply
+  with the new capital requirement -- raised from three mln
+  dinars -- by the start of 1986.
+      Rafidain's Area Manager Adnan Abdul Karim al-Azzawi told
+  Reuters the branch had now registered its capital at the higher
+  level but did not say how long it would take to pay it in. The
+  bank's 1986 balance shows paid-up capital of 3.1 mln dinars.
+      Banks in Jordan have generally complied with the higher
+  capital requirement except Chase Manhattan which decided
+  instead to close its operation, banking sources said.
+      Local banks floated shares to raise extra capital, while
+  the branches of foreign banks brought in additional cash.
+      Banking sources said it appeared that Jordan had made an
+  exception in Rafidain's case, allowing it longer to comply.
+  They said the gesture refelcted close political ties between
+  Jordan and Iraq as well as Baghdad's financial difficulties.
+      The Jordan branch saw pre-tax profit rise 80 pct in 1986 to
+  550,332 dinars on assets of 12.6 mln dinars.
+  
+
diff --git a/reuters/training/8097 b/reuters/training/8097
new file mode 100644
index 0000000000000000000000000000000000000000..75169767aa1f9f7120be9efb959e99a4fd2c79bf
--- /dev/null
+++ b/reuters/training/8097
@@ -0,0 +1,33 @@
+BAKER DENIES DOLLAR TARGET EXISTS
+  U.S. Treasury Secretary James Baker
+  again said the meeting of six major industrial nations in Paris
+  last month did not establish a target exchange rate for the
+  dollar.
+      Baker said in a television interview aired here yesterday:
+  "We don't have a target for the dollar." He declined to comment
+  on what might be a desired level for the dollar, saying: "We
+  really don't talk about the dollar."
+      He said protectionism was becoming "extremely strong" in the
+  U.S. In response to widening U.S. Trade deficits and import
+  barriers in other countries.
+      "The mood in the United States is extremely disturbing. It's
+  extremely strong," he said.
+      "As I've said before, we sort of see ourselves as engaged
+  here in a real struggle to preserve the world's free trading
+  system, because if the largest market in the world (the U.S.)
+  goes protectionist we run the risk of moving down the same path
+  that the world did in the late 1930s," he said.
+      While relative exchange rates had a role to play in
+  defusing the threat of protectionism, it alone did not offer
+  any solution, he said.
+      "You must address this problem on the exchange rate side,
+  but it cannot be solved on the exchange rate side alone. It's
+  far more comprehensive and broad than that, and the solution of
+  it requires a comprehensive approach," Baker said in the
+  interview.
+      Baker said it would be necessary for other countries to
+  adjust their currencies upwards, as well as remove their
+  barriers to U.S. Imports. But he did not elaborate or name any
+  countries.
+  
+
diff --git a/reuters/training/8098 b/reuters/training/8098
new file mode 100644
index 0000000000000000000000000000000000000000..7c74e453f9b9d332c189c13d13deb539e3580380
--- /dev/null
+++ b/reuters/training/8098
@@ -0,0 +1,83 @@
+U.S. CREDIT MARKET OUTLOOK - MINI-REFUNDING
+  A hefty slice of new U.S. Treasury
+  supply is not the most welcome prospect for a slumbering credit
+  market, but at least this week's offerings should provide it
+  with some focus, economists said.
+      "Banks and mutual funds have cash that should be put to
+  work, so the auctions should breathe some life into the market,"
+  said economists at Merrill Lynch Capital Markets Inc.
+      The Treasury will place a 25 billion dlr package of
+  two-year, four-year and seven-year notes on the sales block
+  this week.
+      The "mini-refunding," which will raise 9.27 billion dlrs in
+  new cash, comprises 10 billion dlrs of two-year notes for
+  auction on Tuesday, 7.75 billion dlrs of four-year notes on
+  Wednesday and 7.25 billion dlrs of seven-year notes on
+  Thursday. The market also faces the regular weekly three- and
+  six-month bill auction today, amounting to 12.8 billion dlrs.
+      The mini-refunding does not come at a particularly
+  auspicious time for the market. Bond prices have been drifting
+  sideways in a narrow range against the backdrop of a cloudy
+  U.S. Economic outlook, diminished chances of a change in
+  Federal Reserve Board policy and a stable dollar.
+      Moreover, the bond market's inertia has compared
+  unfavourably with the rash of activity taking place in
+  high-yield markets overseas, like the U.K., As well as in U.S.
+  Equities.
+      But according to the Merrill Lynch economists, there are
+  signs the pall hanging over the U.S. Bond market is lifting a
+  bit.
+      "Customer activity has been light, but all on the buy-side,
+  and there is a marked absence of selling," they said in a weekly
+  report.
+      Philip Braverman of Irving Trust Securities Inc believes
+  banks will snap up the two- and four-year issues at this week's
+  sales.
+      "The banks are in need of investments that provide earnings.
+  Though the yield spread to the cost of carrying these
+  maturities has been wider, it is still positive," he said in a
+  weekly market review.
+      But economists agreed not even the auctions will generate
+  enough impetus for a major move. This will only come once the
+  overseas markets have had their run.
+      "Based on last week's events, there is little to indicate
+  that the appetite for yield has begun to wane," said economists
+  at Salomon Brothers Inc.
+      Indeed, talk persisted last week that Japanese investors
+  are planning to re-weight their portfolios in favour of the
+  higher-yielding markets at the start of Japan's new fiscal year
+  on April 1.
+      And while traditionally the Japanese have not been big
+  buyers of the shorter-dated issues on offer at this week's U.S.
+  Auctions, such reports undermine market confidence.
+      Even actions by the British, Australian and Canadian
+  monetary authorities to curb the rise of their currencies
+  should also enhance the attractiveness of their respective bond
+  markets, the Salomon Brothers' economists said.
+      Meanwhile, ecomomic releases are unlikely to enliven the
+  U.S. Market unless they deviate widely from expectations,
+  economists said.
+      This week's economic calendar begins on Tuesday with
+  February durable goods orders. Economists expect a rebound from
+  January's depressed levels.
+      Peter Greenbaum of Smith, Barney, Harris Upham and Co said
+  several areas, including transport equipment, should have
+  bounced back. But a decline in military capital goods will cap
+  total new orders. He forecasts a rise of two pct after
+  January's 6.7 pct slump. Some other economists foresee a gain
+  as large as five pct.
+      Friday's consumer price report for February is expected to
+  show an increase of about 0.3 pct after a 0.7 pct January gain.
+  Economists said energy prices -- the driving force behind the
+  January rise -- rose more moderately last month, while food
+  prices declined.
+      Meanwhile, economists warned that the federal funds rate
+  will be subject to volatility in the weeks ahead due to the
+  approach of quarter-end and the mid-April tax date.
+      Some economists expect the Fed to execute a bill pass this
+  week because its adding requirement increases sharply in the
+  new statement period beginning on Thursday.
+      Fed funds traded at 6-1/16 pct late Friday and are expected
+  to open near that level.
+  
+
diff --git a/reuters/training/81 b/reuters/training/81
new file mode 100644
index 0000000000000000000000000000000000000000..a27e852b9c34fb51370d0823ce41068fb12c9384
--- /dev/null
+++ b/reuters/training/81
@@ -0,0 +1,14 @@
+N.Y. BANK DISCOUNT BORROWINGS 64 MLN DLRS
+  The eight major New York City banks had
+  64 mln dlrs in average borrowings from the Federal Reserve in
+  the week to Wednesday February 25, a Fed spokesman said.
+      The week marked the second half of the two-week bank
+  statement period that ended on Wednesday. The banks had no
+  borrowings in the prior week.
+      Commenting on the latest week, a Fed spokesman said that
+  all of the borrowing occurred yesterday and was done by fewer
+  than half of the banks.
+      National data on discount window borrowings are due to be
+  released at 1630 EST (2130 GMT).
+  
+
diff --git a/reuters/training/8100 b/reuters/training/8100
new file mode 100644
index 0000000000000000000000000000000000000000..a9eb4ab827c6083675ab6f1f021efd4956dcd307
--- /dev/null
+++ b/reuters/training/8100
@@ -0,0 +1,35 @@
+SANTOS BIDS FOR OIL AND GAS COMPANY TMOC RESOURCES
+  Cooper Basin oil producer Santos Ltd
+  <STOS.S> said it will bid 4.00 dlrs a share for the 96.03 pct
+  it does not already hold in diversified oil and gas company
+  <TMOC Resources Ltd>.
+      Santos said the bid values TMOC at 248.5 mln dlrs. It said
+  it already holds 1.91 mln of TMOC's 25 cent par shares.
+      TMOC held interests outside the Cooper Basin region of
+  South Australia and Queensland and the acquisition would
+  further the Santos objective of developing as a broadly based
+  oil and gas company with interests outside its existing base in
+  the Cooper Basin, the company said in a statement.
+      Santos said TMOC holds several important domestic oil and
+  gas production, exploration and pipeline interests.
+      In the Northern Territory it has a 43.75 pct stake in and
+  operates the Mereenie oil and gas field in the Amadeus Basin
+  and owns 32 pct of <N.T. Gas Pty Ltd>, owner and operator of
+  the Alice Springs to Darwin gas pipeline.
+      In Queensland, TMOC has extensive interests in the Surat
+  Basin, including the 100 pct owned and operated Moonie oil
+  field and 33 pct of the Boxleigh gas field.
+      TMOC owns 80 pct of the <Moonie Pipeline Co Pty Ltd> which
+  owns and operates the Moonie to Brisbane oil pipeline.
+      TMOC also holds 25 pct of the Jackson to Moonie oil
+  pipeline, 20 pct owned by Santos. Output from the Naccowlah
+  block, 40 pct owned by Santos, provides the bulk of the
+  throughput of both pipelines.
+      TMOC has exploration interests in a number of areas in the
+  Amadeus, Surat, Eromanga and Canning basins.
+      It also has oil and gas interests in Britain's North Sea,
+  Ecuador, and the U.S., Along with gold and base metal
+  production through its associate <Paringa Mining and
+  Exploration Co Plc>, Santos said.
+  
+
diff --git a/reuters/training/8102 b/reuters/training/8102
new file mode 100644
index 0000000000000000000000000000000000000000..ff6904112911d8bc21b9952331754fef3a820027
--- /dev/null
+++ b/reuters/training/8102
@@ -0,0 +1,21 @@
+GATT SUCCESS WILL TAKE PRESSURE, N.Z. MINISTER
+  Long term pressure by trade
+  ministers is necessary if the current Uruguay round of talks on
+  the General Agreement on Trade and Tariffs (GATT) is to
+  succeed, New Zealand's Overseas Trade minister Mike Moore said.
+      Moore told the opening meeting of trade ministers from 22
+  nations gathered for informal talks on the GATT that ministers
+  "need opportunities to keep in touch and to consider how the
+  political problems inherent in an exercise like this one can be
+  faced and resolved."
+      Moore said the Taupo meeting is one of a series of such
+  international gatherings, which includes the OECD ministerial
+  meeting in May and the G-7 meeting in Venice in June, enabling
+  ministers to maintain contact.
+      World trade conditions are getting better not worse, he
+  said.
+      He said New Zealand is "moving rapidly and of our own
+  initiative in the direction of liberalisation, and I warn you
+  we shall be looking for partners."
+  
+
diff --git a/reuters/training/8103 b/reuters/training/8103
new file mode 100644
index 0000000000000000000000000000000000000000..2f2cfb2df1c83633eb420fa656c6357616391dfe
--- /dev/null
+++ b/reuters/training/8103
@@ -0,0 +1,14 @@
+JAPAN LONG-TERM PRIME SEEN CUT TO RECORD LOW SOON
+  Japan's long-term banks will soon cut
+  their prime rate, now at a record low 5.5 pct, by 0.2 or 0.3
+  percentage point in response to falling secondary market yields
+  on their five-year debentures, long-term bankers said.
+      The long-term prime rate is customarily set 0.9 percentage
+  point above the coupon on five-year bank debentures issued by
+  the long-term banks every month.
+      The latest bank debentures, at 4.6 pct, have met strong
+  end-investor demand on the prospect of further declines in yen
+  interest rates, dealers said. The current 5.5 pct prime rate
+  has been in effect since February 28.
+  
+
diff --git a/reuters/training/8105 b/reuters/training/8105
new file mode 100644
index 0000000000000000000000000000000000000000..1ccf6ba05eaf5c7be59160d933740d5555f1155b
--- /dev/null
+++ b/reuters/training/8105
@@ -0,0 +1,24 @@
+COFFEE CONFERENCE ENDS WITH CALL TO CONTINUE TALKS
+  A meeting of eight Latin American
+  coffee producers ended with a call for continued talks aimed at
+  arriving at an agreement to stabilize international prices.
+      A statement delivered by the conference's president,
+  Nicaragua's External Trade Minister Alejandro Martinez Cuenca,
+  said the object of future meetings would be to seek
+  negotiations leading to basic export quotas.
+      The meeting was attended by representatives from Brazil,
+  Mexico, Guatemala, El Salvador, Honduras, Costa Rica and
+  Nicaragua. A Panamanian representative attended the meeting as
+  an observer.
+      Representatives at the meeting said efforts would continue
+  to be made to reach a regional consensus on export quotas which
+  could be presented to the International Coffee Organization.
+      In opening the meeting, Nicaraguan President Daniel Ortega
+  said the lack of an accord on export quotas was behind falling
+  coffee prices, which he said have caused billions of dollars in
+  losses to countries in the region.
+      Jorio Dauster, president of the Brazilian Coffee Institute,
+  said his government is committed to working towards an
+  producers accord in order to bring about higher prices.
+  
+
diff --git a/reuters/training/8106 b/reuters/training/8106
new file mode 100644
index 0000000000000000000000000000000000000000..9fea1f9f84c616c634465fb61bb9c13585fcd03e
--- /dev/null
+++ b/reuters/training/8106
@@ -0,0 +1,44 @@
+YEUTTER SEES U.S., JAPAN VERGING ON TRADE CONFLICT
+  The United States and Japan
+  are on the brink of serious conflict on trade, especially over
+  semiconductors, Japanese unwillingness for public bodies to buy
+  U.S. Super-computers, and barriers to U.S. Firms seeking to
+  participate in the eight billion dlr Kansai airport project,
+  U.S. Trade Representative Clayton Yeutter said.
+      He was talking to reporters yesterday on the eve of a
+  two-day meeting of trade ministers which will review progress
+  made by committees set up after the Uruguay meeting last
+  September launched a new round of GATT (General Agreement on
+  Tariffs and Trade) talks.
+      European Community (EC) commissioner Willy de Clercq
+  meanwhile told reporters conflict between the world's three
+  major trading and economic powers -- the EC, the U.S. And Japan
+  -- set a poor example for other members of GATT.
+      Australian Trade Minister John Dawkins told the reporters
+  bilateral retaliation at the enormous expense of the rest of
+  the world was no way to solve trade disputes.
+      New Zealand trade minister Mike Moore told his colleagues
+  great progress had been made in preparing for the current round
+  of GATT negotiations which must not be sidetracked.
+      The ministers have said they want to maintain the momentum
+  towards fresh negotiations or avert serious trade conflicts.
+      Yeutter said the problem with international trade talks was
+  that they tended to get bogged down for years. "Countries don't
+  get very serious about negotiating until the end of the day
+  which is, maybe, five or six years in the future."
+      He also said he did not consider the new U.S. Congress as
+  protectionist as it was 18 months ago. "That's a very healthy
+  development," he added."If you asked me about that a year or 18
+  months ago I would have said that it was terribly
+  protectionist."
+      "Members of Congress, that is the contemplative members of
+  Congress, have begun to realise protectionism is not the answer
+  to the 170 billion dlr trade deficit," Yeutter said.
+      "They've also begun to realise that you cannot legislate
+  solutions to a 170 billion dollar trade deficit so they are
+  more realistic and, in my judgement, more responsible on that
+  issue than they were 12 or 18 months ago."
+      He added, "Whether that will be reflected in the legislation
+  that eventually emerges is another matter."
+  
+
diff --git a/reuters/training/8108 b/reuters/training/8108
new file mode 100644
index 0000000000000000000000000000000000000000..207825192158d5b189bff35508ef060651db7e3e
--- /dev/null
+++ b/reuters/training/8108
@@ -0,0 +1,19 @@
+NEW COOPER BASIN GAS POOL DISCOVERY REPORTED
+  <Delhi Petroleum Pty Ltd> said a
+  second gas flow has been recorded in the Epsilon formation of
+  the Toolachee Block on PEL five and six signifying a new pool
+  discovery.
+      The Kerna Four appraisal well flowed gas at 235,038 cubic
+  meters a day with four kiloliters of condensate through a 13mm
+  surface choke over an interval of 2,374 to 2,399 meters.
+      DST 1, in the Epsilon formation, was earlier reported as
+  flowing gas at 237,862 cm/day, Delhi said in a statement.
+      The well is two km south south east of Kerna 3, 15 km south
+  east of the Dullingari field and 75 km east of Moomba.
+      Delhi said the remaining objective of the well is the
+  Patchawarra formation.
+      Other interest holders in the Kerna Four well are: Santos
+  Ltd <STOS.S> 50 pct, Delhi 30, <Vamgas Ltd> 10, <South
+  Australian Oil and Gas Corp Pty Ltd> 10 pct.
+  
+
diff --git a/reuters/training/8109 b/reuters/training/8109
new file mode 100644
index 0000000000000000000000000000000000000000..c817fa33a4cf61163c8a50f667eb7d376fba741c
--- /dev/null
+++ b/reuters/training/8109
@@ -0,0 +1,40 @@
+IRAN SAYS IT INTENDS NO THREAT TO GULF SHIPPING
+  Iran said reports that it intended to
+  threaten shipping in the Gulf were baseless, and warned the
+  U.S. And other countries not to interfere in the region.
+      Tehran radio, monitored by the BBC, quoted a Foreign
+  Ministry spokesman as saying any attempt at interference would
+  be met by "a strong response from Iran and other Moslems in the
+  world."
+       U.S. Defence Secretary Caspar Weinberger, in remarks
+  apparently unrelated to the broadcast, said the U.S. Would do
+  whatever was necessary to keep shipping lanes open in the face
+  of new Iranian anti-ship missiles in the Gulf.
+      The U.S. State Department said two days ago Tehran had been
+  told of U.S. Concern that Iranian anti-ship missiles posed a
+  threat to the free flow of oil from the Gulf.
+      U.S. Officials have said Iran has new Chinese-made
+  anti-ship "Silkworm" missiles, which pose a greater threat to
+  merchant ships than missiles used before.
+      The Iranian spokesman said the reports that Iran intended
+  to attack ships were "misleading propaganda."
+      He said Iraq's President Saddam Hussein was the main cause
+  of tension in the Gulf and said Iran would continue to use "all
+  its legitimate means to stem the cause of tension."
+      Weinberger said in a television interview in the U.S. "We
+  are fully prepared to do what's necessary to keep the shipping
+  going and keep the freedom of navigation available in that very
+  vital waterway."
+      "We aren't going into any disclosures or discussions of what
+  might happen, but we are certainly very sympathetic to and
+  listening carefully to any suggestions for our assistance in
+  keeping navigation free in that area," he said.
+      Weinberger said U.S warship movements in the Gulf area were
+  not unusual.
+      A U.S. Navy battle group led by the aircraft carrier Kitty
+  Hawk is currently in the northern Arabian Sea.
+      The Iranian spokesman was quoted by Tehran radio as saying
+  the U.S. Was trying to build up its military presence in the
+  region.
+  
+
diff --git a/reuters/training/811 b/reuters/training/811
new file mode 100644
index 0000000000000000000000000000000000000000..1f85111984f3438e25e12f78314d71d8767b50f2
--- /dev/null
+++ b/reuters/training/811
@@ -0,0 +1,8 @@
+MFS MANAGED MUNCIPAL BOND TRUST SETS PAYOUT
+  <MFS Managed Muncipal Trust Bond>
+  said it declared a monthly payout income distribution of 5.7
+  cts a share compared with 5.6 cts for the previous month.
+      It said the distribution is payable March 20 to
+  shareholders of record March two.
+  
+
diff --git a/reuters/training/8111 b/reuters/training/8111
new file mode 100644
index 0000000000000000000000000000000000000000..d983bb1e3916e44c3dbe5aa8fdee4d20409cc0eb
--- /dev/null
+++ b/reuters/training/8111
@@ -0,0 +1,23 @@
+MALAYSIAN 1987 ECONOMIC GROWTH SEEN ABOVE FORECAST
+  The Development Bank of Singapore Ltd
+  (DBS) said Malaysia's real gross domestic product growth (gdp)
+  in 1987 could be 1.5 to two pct, above a budget target of one
+  pct.
+      It said in a report that because of an economic recovery
+  and higher foreign exchange reserves, the Malaysian ringgit is
+  unlikely to face devaluation in the near future.
+      The report was presented at a two-day investment conference
+  organised by the DBS, one of Singapore's four major banks.
+      The report said rising commodity prices and the continued
+  expansion of the manufacturing sector coupled with rigorous
+  fiscal restraints and a more stable currency are grounds for
+  cautious optimism about the Malaysian economy.
+      It forecast the ringgit will remain stable at between 2.60
+  and 2.70 Malaysian dlrs to the U.S. Dollar for the rest of the
+  year.
+      But the report said the growth rate of Malaysia's external
+  debt remains worrying and should be controlled. It said
+  Malaysia's external debt totals 48 to 49 billion Malaysian dlrs
+  and its debt service ratio exceeds 20 pct.
+  
+
diff --git a/reuters/training/8112 b/reuters/training/8112
new file mode 100644
index 0000000000000000000000000000000000000000..36bba1b5df3fa2ed4dc472c4abb3fbf1631cca58
--- /dev/null
+++ b/reuters/training/8112
@@ -0,0 +1,8 @@
+PHILIPPINE COCONUT PRODUCT EXPORTS FALL IN JANUARY
+  Coconut product exports fell to 163,924
+  copra tonnes in January from 196,610 tonnes in December and
+  167,747 tonnes in January last year, government figures show.
+      Coconut product sales earned 44.54 mln dlrs compared with
+  45.30 mln in December and 49.09 mln a year earlier.
+  
+
diff --git a/reuters/training/8113 b/reuters/training/8113
new file mode 100644
index 0000000000000000000000000000000000000000..427ddcd3b8a2a54d7d8366a29434f666ec302b96
--- /dev/null
+++ b/reuters/training/8113
@@ -0,0 +1,25 @@
+GERMAN STEEL SUBSIDIES CANNOT CONTINUE - MINISTER
+  Economics Minister Martin Bangemann said
+  the state could not continue to pour money into West Germany's
+  ailing steel and coal industries because the subsidies
+  endangered other parts of the economy.
+      "The situation is completely absurd from an economic point
+  of view," Bangemann told the newspaper Die Welt in an interview
+  released ahead of publication tomorrow.
+      "We are subsidising the production of mineral coal and steel
+  to an enormous extent and at the same time putting a huge
+  burden on all other branches of industry and making them
+  uncompetitive," he said.
+      Bangemann said the steel and coal industries were no longer
+  capable of being competitive. Continued state subsidies would
+  not save them but would only prolong their lives artifically
+  for a few years, he said.
+      "That is why I have refused to continue subsidising them in
+  the way that we have done in the past," he said.
+      Several steel firms have announced plans to reduce their
+  workforces, citing weak prices and lower exports due to the
+  strength of the mark and tough foreign competition.
+      Bangemann said everything possible would be done to find
+  new jobs for the workers affected by the cuts.
+  
+
diff --git a/reuters/training/8115 b/reuters/training/8115
new file mode 100644
index 0000000000000000000000000000000000000000..b494872ee88cbfe20766c1f4b4531f5a0ad0e802
--- /dev/null
+++ b/reuters/training/8115
@@ -0,0 +1,76 @@
+DART GROUP FLEXIBLE ON SUPERMARKETS <SGL> BID
+  <Dart Group Corp> said it told
+  Supermarkets General Corp <SGL> it was flexible on the price it
+  would pay to acquire the company.
+      Dart has said it would offer 41.75 dlrs cash for each SGL
+  share if the SGL board recommended the offer to shareholders.
+      SGL has termed the 1.62 billion dlr offer unsolicited.
+      In a letter to SGL dated March 20, Dart also said it was
+  denied confidential information on SGL that would be given to
+  other potential bidders.
+      SGL officials could not be reached for comment.
+      Dart said it was advised that a selling brochure for the
+  sale of SGL had been distributed to about 20 potential buyers,
+  but not itself. These purchasers would also be given access to
+  SGL's books and records and the opportunity to talk with key
+  employees.
+      "We suspect that one or more of the 20 are leveraged buyout
+  firms," said a source close to Dart. Analysts have said SGL
+  management may be considering a leveraged buyout.
+      Dart said it remains interested in acquiring SGL on a
+  friendly basis and reiterated its willingness to negotiate all
+  the terms of its offer.
+      Dart said SGL representatives said the company has not
+  received any other offer.
+      It said it requested the confidential information to better
+  understand SGL, but was denied this because it refused to sign
+  an agreement prohibiting it from making a bid for SGL without
+  SGL's approval.
+      The agreement would also have limited its ability to buy
+  SGL shares, Dart said. It considered those conditions
+  unreasonable in the interest of trying to negotiate a friendly
+  transaction, it said.
+      Dart has just under five pct of SGL shares.
+      Dart said it requested the information before its meeting
+  with SGL representatives, but held the meetings in the hope
+  representatives would reach an agreement.
+      It said it indicated it was flexible on price, but was told
+  there were certain issues important to SGL management and while
+  they were not conditions to the deal, Dart was expected to take
+  them into account in putting together its package.
+      It said the issues include an immediate payment of 5.7 mln
+  dlrs to SGL chairman Leonard Lieberman, executive vice
+  president James Dougherty and financial officer Murray Levine.
+      Dart said this payment was intended for the three officers'
+  severance agreements, although there was an implication that
+  Lieberman and Dougherty would be leaving the company of their
+  own volition.
+      Dart said under their present agreements, none of these
+  officers have any right to such accelerated payments. Also,
+  Dart said Lieberman, Dougherty and Levine are to be paid 2.6
+  mln dlrs to pay their taxes. It also said top management's
+  incentive shares were to be accelerated and paid for at a cost
+  of six mln dlrs although there are restrictions on the shares
+  unless waived by the company's compensation committee.
+      Dart said it was to fund up to five mln dlrs for top
+  management's supplemental retirement plan.
+      Dart said another issue was to agree to future severance
+  obligations and future salary guarantees for top management,
+  estimated at more than 15 mln dlrs in excess of obligations
+  under the company's present policy.
+      Dart said despite such management payments, it agreed to
+  discuss all aspects of its offer and in fact did try to
+  negotiate a transaction at the March 18 meeting with SGL.
+      Supermarkets General owns the Path Mark supermarket chain
+  and Rickels home centres.
+      Dart also released a copy of a lawsuit that was being filed
+  by an SGL shareholder, seeking to stop SGL from taking such
+  actions as paying greenmail or enacting a poison pill defence.
+      The suit also sought to have directors carry out their
+  fiduciary duty.
+      Greenmail is the payment at a premium for shares held by an
+  unwanted suitor and a poison pill is typically the issue of
+  securities to shareholders which make a takeover more
+  expensive.
+  
+
diff --git a/reuters/training/8117 b/reuters/training/8117
new file mode 100644
index 0000000000000000000000000000000000000000..f3de5dd96adff2cc4fbba366facdcfc66e8a78ad
--- /dev/null
+++ b/reuters/training/8117
@@ -0,0 +1,43 @@
+AUSTRALIA SAID TO RELY TOO MUCH ON OIL TAXES
+  The government's
+  over-reliance on revenue from crude oil is adversely affecting
+  Australia's economic performance, Australian Petroleum
+  Exploration Association (APEA) chairman Dennis Benbow said.
+      Over one-third of Australia's indirect tax income is
+  derived from oil at a time of falling domestic output and weak
+  crude prices, he told the APEA annual conference here.
+      This dependence on oil-generated revenue distorts the
+  country's economic performance directly by acting as a
+  disincentive to new exploration and indirectly by affecting
+  trading competitiveness through high energy costs, he said.
+      Australia's medium-term liquid fuel self-sufficiency
+  position is posing a major economic threat, yet the
+  government's response has been to load new tax burdens on the
+  oil industry, Benbow said.
+      Domestic oil output from existing fields is expected to
+  fall to 280,000 barrels per day (bpd) in fiscal 1992/93 from
+  546,000 bpd in 1985/86, reflecting mainly the decline of the
+  Bass Strait fields, he said.
+      Bass Strait reserves are now two-thirds depleted, with the
+  three largest fields 80 pct depleted, he said.
+      By 1992/93, Bass Strait output is expected to be just over
+  half the 1985/86 level, assuming a number of so far undeveloped
+  fields are brought on stream and enhanced recovery from
+  existing fields goes ahead, Benbow said.
+      Government projections of output from as yet undiscovered
+  fields range from 40,000 to 130,000 bpd, he said.
+      Australian liquid fuel demand is forecast to rise to
+  680,000 bpd in 1992/93 from 565,000 in 1985/86, implying a
+  crude oil gap of between 270,000 and 360,000 bpd in five years
+  time, he said.
+      At present world oil prices and the current value of the
+  Australian dollar, annual oil imports in 1992/93 would cost
+  between 3.2 billion and 3.6 billion dlrs, Benbow said.
+      Despite intensive exploration in the early 1980's, the
+  addition to reserves has been inadequate, he said.
+      For example, the 409 mln barrels discovered in the five
+  years 1980-84 represent about two years' consumption, he said.
+      He called on the government to review its tax policies to
+  restore incentive to exploration.
+  
+
diff --git a/reuters/training/8119 b/reuters/training/8119
new file mode 100644
index 0000000000000000000000000000000000000000..36fe638a25f28771d701e8cfc07778ca4c613c88
--- /dev/null
+++ b/reuters/training/8119
@@ -0,0 +1,12 @@
+MINISTER PREDICTS ONE PCT INFLATION FOR SINGAPORE
+  Singapore will have an inflation rate
+  of one pct in 1987, up from a negative 1.4 pct in 1986, Trade
+  and Industry Minister Lee Hsien Loong told Parliament.
+      He said the 1986 drop in the inflation rate, the first fall
+  in a decade, was due largely to lower world prices for oil and
+  oil-related items.
+      But Lee said the negative inflation rate is unlikely to be
+  repeated this year because of projected higher prices for
+  primary commodities and oil.
+  
+
diff --git a/reuters/training/8120 b/reuters/training/8120
new file mode 100644
index 0000000000000000000000000000000000000000..b02a6ccc5d8d88815e43f9569d9ed4f4edd712d4
--- /dev/null
+++ b/reuters/training/8120
@@ -0,0 +1,5 @@
+WOOLWORTHS LTD REPORTS 9.27 MLN DLR NET PROFIT YR END FEB 1 VS 63.20 MLN
+
+  WOOLWORTHS LTD REPORTS 9.27 MLN DLR NET PROFIT YR END FEB 1 VS 63.20 MLN
+  
+
diff --git a/reuters/training/8123 b/reuters/training/8123
new file mode 100644
index 0000000000000000000000000000000000000000..4bcb80a4f974ee8d63ff8bddc06ab81060c4b9fb
--- /dev/null
+++ b/reuters/training/8123
@@ -0,0 +1,5 @@
+Bell Resources says it buys 57.6 mln BHP shares, taking holding to 29.93 pct
+
+  Bell Resources says it buys 57.6 mln BHP shares, taking holding to 29.93 pct
+  
+
diff --git a/reuters/training/8125 b/reuters/training/8125
new file mode 100644
index 0000000000000000000000000000000000000000..5e699d616bf05b8aa417cf0b74955cb047e50b02
--- /dev/null
+++ b/reuters/training/8125
@@ -0,0 +1,14 @@
+WOOLWORTHS LTD <WLWA.S> YR ENDED FEB 1
+  Shr 4.16 cents vs 28.80
+      Final Div nil vs 10.5 cents making six for year vs 16.5
+      Pre-tax profit 2.68 mln dlrs vs 107.71 mln
+      Net 9.27 mln vs 63.20 mln
+      Turnover 5.47 billion vs 4.83 billion
+      Other income 65.33 mln vs 51.68 mln
+      Shrs 222.94 mln vs 219.54 mln.
+      NOTE - Net is after tax credit 6.6 mln vs tax paid 43.39
+  mln, depreciation 41.18 mln vs 34.10 mln, interest 42.42 mln vs
+  36.23 mln and minorities 11,000 vs 1.12 mln but before
+  extraordinary net profit 24.98 mln vs loss 51.71 mln
+  
+
diff --git a/reuters/training/8126 b/reuters/training/8126
new file mode 100644
index 0000000000000000000000000000000000000000..8c16f2f25c2820970b0b5ad37aa6769c1b2f13de
--- /dev/null
+++ b/reuters/training/8126
@@ -0,0 +1,9 @@
+BELL RESOURCES BOOSTS STAKE IN BHP
+  <Bell Resources Ltd> said it has executed
+  an underwriting agreement with <Equiticorp Tasman Ltd> to
+  acquire 57.6 mln ordinary shares in The Broken Hill Pty Co Ltd
+  <BRKN.S> for 540 mln dlrs.
+      Bell said in a statement that it now holds 29.93 pct of
+  BHP's 1.2 billion shares.
+  
+
diff --git a/reuters/training/8130 b/reuters/training/8130
new file mode 100644
index 0000000000000000000000000000000000000000..cb3114507524d8380dd42163825d5a7cb7e508af
--- /dev/null
+++ b/reuters/training/8130
@@ -0,0 +1,35 @@
+ARIADNE UNIT CONFIRMS BID FOR SAN MIGUEL
+  Ariadne group unit <Barwon Farmlands
+  Ltd> confirmed it offered 3.8 billion pesos in cash for the 38
+  mln shares of Philippine brewing company <San Miguel Corp>.
+      The Australia-based Barwon, 30 pct owned by New Zealander
+  Bruce Judge's Ariadne group, said in a statement released in
+  Hong Kong that a formal offer had been made to the Philippines
+  government, which holds the shares.
+      It said it was confident the offer will be reviewed
+  favourably.
+      Newspapers in Manila and Hong Kong reported at the weekend
+  that an offer had been made.
+      Barwon said it was represented by Australian stockbroker
+  <Jacksons Ltd>, which forwarded a formal offer to Philippine
+  President Corazon Aquino of 100 pesos for each of the 38.1 mln
+  A and B shares of San Miguel.
+      The Philippine government seized the shares, which
+  represent a 31 pct stake in the brewery firm, from the <United
+  Coconut Planters Bank>, alleged by the government to be linked
+  with the country's deposed President Ferdinand Marcos.
+      The Barwon statement said a deal is expected to be
+  concluded between Barwon and the Philippines government in 14
+  days.
+      Barwon also said it made recommendations to the government
+  on how it could purchase the class A shares, which can only be
+  held by a Philippine national or a firm which is at least 60
+  pct held by a member of the country. It did not elaborate.
+      The Hong Kong Economical Journal quoted a spokesman of
+  Jacksons as saying Barwon plans to set up a branch in the
+  Philippines to meet the criteria.
+      <San Miguel Brewery Ltd>, a locally listed firm 69.65 pct
+  held by San Miguel's <Neptunia Corp> affiliate, was last traded
+  at 16.30 H.K. Dlrs against 15.50 dlrs on Friday.
+  
+
diff --git a/reuters/training/8131 b/reuters/training/8131
new file mode 100644
index 0000000000000000000000000000000000000000..7ece0910e3ae803c04a6b4c44e897beee65be2dd
--- /dev/null
+++ b/reuters/training/8131
@@ -0,0 +1,34 @@
+EXXON OFFICIAL URGES PLANNING FOR NEXT OIL SURGE
+  World governments
+  should prepare for an inevitable significant increase in the
+  price of oil as non-Middle East supplies diminish, Exxon Corp
+  <XON> director and senior vice-president Donald McIvor said.
+      Policymakers must also face up to the reality that the bulk
+  of world oil reserves lies in the Middle East, he said in a
+  speech prepared for delivery to the Australian Petroleum
+  Exploration Association (APEA) annual conference.
+      It appears ever more likely that new discoveries elsewhere
+  will not change this fact, he said.
+      McIvor said 37 of the world's 30,000 oil fields contain
+  about 35 pct of all oil ever discovered.
+      Only 11 of these 37 super-giant fields lie outside the
+  Middle East and only five of the 37 have been discovered in the
+  last 20 years, three of them in the Middle East, he said.
+      He also said that since 1970, the world has been consuming
+  20 to 25 billion barrels a year while making discoveries at the
+  rate of only 10 to 15 billion barrels a year.
+      More than half of remaining proved reserves are in the
+  Middle East, he said.
+      McIvor said it was important to continue to search for oil
+  outside the Middle East because each addition contributes to a
+  diversity of supply desirable for global political and economic
+  stability.
+      "It is important to enhance the likelihood of home-country
+  discoveries with measures such as non-discriminatory and stable
+  taxation, and minimum regulation, together with opening up of
+  acreage for exploration," he said.
+      Increasing reliance on the Middle East will also boost the
+  incentive to use natural gas and synthetic sources of
+  petroleum, he added.
+  
+
diff --git a/reuters/training/8132 b/reuters/training/8132
new file mode 100644
index 0000000000000000000000000000000000000000..01358752b689d389488e69d2772018f8ca7faa93
--- /dev/null
+++ b/reuters/training/8132
@@ -0,0 +1,21 @@
+TAIWAN TO BOOST FARM IMPORTS FROM U.S., EUROPE
+  Taiwan is expected to boost agricultural
+  imports from the U.S. And Europe in calendar 1987 to help
+  balance trade, the Council of Agriculture said.
+      A council official, who declined to be named, told Reuters
+  the imports, which will include about seven mln tonnes of
+  oilseeds, grains and dairy products, would be worth some four
+  billion U.S. Dlrs against 3.72 billion in 1986 and 3.38 billion
+  in 1985.
+      Taiwan's surplus with the U.S. Rose to 13.6 billion dlrs
+  last year from 10.2 billion in 1985, government figures show.
+      Government figures also show Taiwan's surplus with Europe
+  rose to 1.53 billion dlrs last year from 543 mln in 1985.
+      Taiwan's imports of U.S. Farm produce last year amounted to
+  1.41 billion dlrs against 1.52 billion in 1985.
+      Imports from Europe rose to 182 mln U.S. Dlrs from 148 mln,
+  the official said.
+      He attributed the decline in the value of U.S. Imports to
+  falling agricultural products prices last year.
+  
+
diff --git a/reuters/training/8134 b/reuters/training/8134
new file mode 100644
index 0000000000000000000000000000000000000000..871a5e23b7ab39bdda21f5109e2b189a53cedd4b
--- /dev/null
+++ b/reuters/training/8134
@@ -0,0 +1,32 @@
+AUSTRALIAN OIL TAX CUT SEEN BOOSTING OUTPUT
+  A 10 percentage
+  point reduction in the Australian government's maximum crude
+  oil levy on old oil would stabilize Bass Straits oil output,
+  resources analyst Ian Story said here.
+      A reduction to 70 pct from 80 pct would enable Bass Strait
+  output to be maintained at the current rate of 420,000 barrels
+  per day (BPD) for the next year rather than falling to 380,000
+  BPD in 1987/88, he told the Australian Petroleum Exploration
+  Association annual conference.
+      Story is an analyst with and a director of Sydney
+  stockbroker Meares and Philips Ltd.
+      Windfall profits taxes on Bass Strait crude are no longer
+  appropriate in the current economic climate, Story said.
+      The maximum 80 pct levy on old oil -- that discovered
+  before September 1975 -- is now forcing the Broken Hill Pty Co
+  Ltd <BRKN.S>/Exxon Corp <XON> partnership to shut-in
+  production, accelerating the decline in output and reducing
+  government revenue, he said.
+      He said the producer return per barrel at a price of 30
+  Australian dlrs a barrel would rise to 2.07 dlrs from 0.80 dlrs
+  if the levy was cut to 70 pct.
+      "The economics at an 80 pct levy are simply not attractive
+  at oil prices below 30 dlrs," Story said.
+      Cutting the maximum levy rate to 70 pct would create higher
+  levels of self-sufficiency, increase government revenue, boost
+  exports and provide incentives for exploration and development,
+  he said.
+      The government is currently reviewing the oil tax
+  structure.
+  
+
diff --git a/reuters/training/8135 b/reuters/training/8135
new file mode 100644
index 0000000000000000000000000000000000000000..0868c28b7e29718a75d1db75e3cbfcc2c8190af1
--- /dev/null
+++ b/reuters/training/8135
@@ -0,0 +1,36 @@
+GATT MEETING HEARS PLEA FOR AFRICAN DEBT RELIEF
+  Debt among African countries
+  will continue to grow and their economies remain stifled unless
+  developed countries lower their interest rates, Nigerian Trade
+  Minister Samaila Mamman said.
+      He told an informal General Agreement on Tariffs and Trade
+  (GATT) meeting the widening gap between developed and
+  developing countries and an inequitable international economic
+  system were major impediments to growth in developing
+  countries.
+      Delegates from 23 countries are attending the GATT talks in
+  the New Zealand resort of Taupo.
+      "I wish to emphasise that the growth in the volume of the
+  external indebtedness of African countries reflects the full
+  effect of the deflationary monetary and trade policies of the
+  developed market economy countries," Mamman said.
+      "The developed market economy countries have slowed down
+  output growth thereby drying up markets for the commodity
+  exports of African countries."
+      Mamman said the World Bank estimated 35.3 billion dlrs a
+  year would be needed over the next five years for the African
+  continent to be able to achieve a gross domestic product growth
+  (GDP) rate of three to four pct by 1990.
+      Yet at the same time Africa's debt service was estimated at
+  24.5 billion dlrs a year between 1986 and 1990.
+      "With the best of intentions Africa cannot attain a three to
+  four pct GDP growth rate if the current high level of debt
+  persists," Mamman said. Developed countries must seek
+  alternatives to policies that resulted in the transfer of
+  resources and more indebtedness, he said.
+      "The international community cannot fail to respond
+  positively to the collapse of the international market for
+  commodities ... And act quickly to stabilize demand and prices
+  of our commodity exports," he added.
+  
+
diff --git a/reuters/training/8137 b/reuters/training/8137
new file mode 100644
index 0000000000000000000000000000000000000000..3d91fc8813f8219e8f811a587b3871ace336995c
--- /dev/null
+++ b/reuters/training/8137
@@ -0,0 +1,86 @@
+GERMAN BOND YIELDS SEEN FALLING IN NEAR TERM 
+  West German bond yields could decline
+  over the next few months if recent efforts to stabilize
+  exchange rates, as seen in last month's Paris pact, extend to
+  keeping down European interest rates, banking economists said.
+      But in the longer term domestic yields could rise under
+  agreements to stimulate West Germany's economy, they said.
+      The Paris agreement has so far successfully stabilized
+  currencies with the threat of central bank intervention,
+  economists said.
+      Economists speculated that G-7 countries may try to bolster
+  the pact by uncoupling U.S. and West German interest rates
+  further when they meet for the IMF Interim Committee in April.
+  "The recent round of monetary accommodation by the Bundesbank
+  and the Bank of Japan and the firming of the Federal Funds rate
+  are significant. They mark an uncoupling of movements in U.S.
+  and foreign interest rates," Salomon Bros Inc said in a recent
+  study.
+      It said narrowing of international interest rate spreads
+  was a major factor in the dollar's fall. These spreads will
+  have to be widened if the dollar is to be stabilized.
+      West German Bundesbank President Karl Otto Poehl encouraged
+  the U.S. not to cut interest rates in January when the
+  Bundesbank cut its own rates by half a point, to avoid
+  weakening the dollar.
+      West German economists see room for further cuts in leading
+  West German rates if the dollar resumes its decline.
+      "It's not a taboo," Peter Pietsch, spokesman for Commerzbank
+  AG said.
+      But most economists see room for a cut in West German rates
+  only in the first half of the year, as re-emerging inflation
+  will limit room for manoeuvre later in the year.
+      The Bundesbank's average yield of public paper is already
+  nearing last year's low. Last week, yields fell to around 5.50
+  pct, not far from the 1986 low of 5.35 pct posted in mid-April.
+   Economists said the trend may cause domestic investors to
+  shift some funds from short to longer-term paper. Such a move
+  would tend to flatten the yield curve between short and
+  long-term rates, which has become more pronounced since the
+  Bundesbank lowered its discount rate.
+      It might also facilitate a further cut in leading rates, as
+  the shift out of savings accounts into securities would slow
+  growth of the Bundesbank's central bank money stock aggregate.
+      But conflicting with this trend are plans to increase West
+  German tax cuts, part of the Paris currency pact designed to
+  meet U.S. demands for faster West German growth. This move may
+  force interest rates up by creating a revenue vacuum which must
+  be filled by higher government borrowing.
+      This may not occur if private sector demand for credit
+  remains weak, but demand could emerge if rates begin rising.
+      Economists said it appeared the government had already
+  stepped up borrowing this year to accomodate revenue loss from
+  other sources, including tax losses resulting from weaker than
+  expected economic growth, and higher than expected spending.
+      Josef Koerner, chief economist of the West German
+  Ifo-Institut, said in a newspaper interview he expected 1987
+  tax revenue to be some 11 billion marks below estimates by the
+  West German government in November.
+      Any tax shortfall in itself is unlikely to push yields up.
+  But coupled with other factors such as waning foreign
+  speculative buying of mark bonds on the dollar's decline, long
+  term yields may to have to rise, economists said.
+      Public authority borrowing in 1988 may also rise owing to
+  increases in the second phase of Bonn's tax reform package.
+      The West German government is raising its total tax cuts in
+  1988 by 5.2 billion marks to 14.4 billion.
+      West German chancellor Helmut Kohl said last week increased
+  borrowing to finance the tax reform is acceptable.
+      Finance minister Gerhard Stoltenberg said last Thursday he
+  was looking for other ways to finance the reform, such as
+  raising indirect taxes.
+      But few economists believe the government will be able to
+  go through with its tax measures without increasing net
+  borrowing.
+      The Bundesbank said in its February report that it was
+  wrong to believe that the first stage of the tax reform in 1986
+  could be managed without increasing deficits.
+      The Bundesbank said West German public authorities borrowed
+  a large 21.9 billion marks in credit markets in the 1986 final
+  quarter compared with 14.8 billion in fourth quarter 1985.
+      The federal government took up nearly 10 billion marks of
+  the fourth quarter 1986 figures, and also drew on two billion
+  marks of Bundesbank advances at the end of the year, when it
+  had not required such a credit in the 1985 quarter.
+  
+
diff --git a/reuters/training/8138 b/reuters/training/8138
new file mode 100644
index 0000000000000000000000000000000000000000..a813abcc428481329928c0cb8e8184d744c734a6
--- /dev/null
+++ b/reuters/training/8138
@@ -0,0 +1,14 @@
+PHILIPPINES POSTS 68 MLN DLR JANUARY TRADE DEFICIT
+  The Philippines posted a trade deficit
+  of 68 mln dlrs in January, compared with deficits of 57 mln in
+  January 1986 and 28 mln in December, government figures show.
+      The National Census and Statistics Office (NCSO) said
+  imports of 436 mln dlrs in January were up from 371 mln in
+  January 1986 and 393 mln dlrs in December, while exports of 368
+  mln were up on the 314 mln in January 1986 but lower than
+  December's 421 mln.
+      The country's 1987-92 medium-term development plan targets
+  a 9.8 pct average annual growth in exports and a 10.7 pct
+  growth in imports, the NCSO said.
+  
+
diff --git a/reuters/training/8140 b/reuters/training/8140
new file mode 100644
index 0000000000000000000000000000000000000000..006b7b803e33df16c38dc4f3690375522a715a81
--- /dev/null
+++ b/reuters/training/8140
@@ -0,0 +1,21 @@
+JAPANESE COMPOUND FEED OUTPUT FALLS IN JANUARY
+  Japanese compound feed output fell to
+  2.06 mln tonnes in January from 2.57 mln in December, against
+  2.04 mln a year earlier, Agriculture Ministry statistics show.
+      January sales totalled 2.07 mln tonnes against 2.59 mln in
+  December and 2.04 mln a year earlier, while end-month stocks
+  were 233,003 tonnes against 230,764 and 241,567.
+      Base mixes for the January compound feed output included
+  corn, sorghum and soybean meal.
+      Corn use totalled 993,156 tonnes, against 1.20 mln in
+  December and 896,718 a year earlier, and its compounding ratio
+  was 48.1 pct against 46.6 pct and 43.1 pct.
+      Sorghum use totalled 339,013 tonnes in January against
+  459,067 in December and 412,743 a year earlier, and its
+  compounding ratio was 16.4 pct against 17.8 pct and 19.8 pct,
+  the ministry's figures shows.
+      Soybean meal use amounted to 202,546 tonnes against 253,498
+  and 213,287 and its compounding ratio was 9.8 pct against 9.8
+  pct and 10.2 pct.
+  
+
diff --git a/reuters/training/8141 b/reuters/training/8141
new file mode 100644
index 0000000000000000000000000000000000000000..c0c26c8bc949a4acab0002c80af9657ae2dcacb9
--- /dev/null
+++ b/reuters/training/8141
@@ -0,0 +1,33 @@
+JAPAN SAYS IT TRYING TO EXPAND DOMESTIC DEMAND
+  Japan has assured a meeting
+  of trade ministers it is making every effort to expand domestic
+  demand and restructure its economy.
+      Japanese trade representative Tsomu Hata told an informal
+  General Agreement on Tariffs and Trade (GATT) meeting that, in
+  addition to demand boosting measures adopted last September, a
+  comprehensive economic program will be prepared after the
+  1987/88 budget is approved.
+      Hata, speaking at the first session of the two-day meeting,
+  said agriculture is no exception to the goal of restructuring
+  the economy, but did not elaborate.
+      Hata said protectionist pressures in the international
+  economy are as strong as ever, reflecting financial deficits,
+  payment imbalances and serious unemployment in many countries.
+      Despite great potential, developing economies are still
+  confronted by grave difficulties, particularly debt, he added.
+      The basis for the talks is the GATT ministerial declaration
+  last September in Punta del Este, Uruguay, and the subsequent
+  trade negotiating plan agreed in Geneva.
+      "It is essential that we first reaffirm here our commitment
+  to implementing that plan as scheduled," Hata said.
+      Hata added it is not constructive to speed up negotiations
+  in some areas at the expense of others.
+      In order to rebuild the free trade system, it is important
+  for each participant to have domestic policies that will serve
+  this end.
+      As part of its contribution, Japan plans in April to
+  fundamentally improve its generalised system of preferences for
+  industrial and mining products to make Japan's domestic market
+  more open to developing countries, he said.
+  
+
diff --git a/reuters/training/8144 b/reuters/training/8144
new file mode 100644
index 0000000000000000000000000000000000000000..464f5c5384a0587329f0e4248475fd8122318fd0
--- /dev/null
+++ b/reuters/training/8144
@@ -0,0 +1,5 @@
+ Bundesbank sets 28-day securities repurchase tender at fixed 3.80 pct
+
+   Bundesbank sets 28-day securities repurchase tender at fixed 3.80 pct
+  
+
diff --git a/reuters/training/8145 b/reuters/training/8145
new file mode 100644
index 0000000000000000000000000000000000000000..6d00a0cd6f67ee41af67f7ef07f6a02bb4f45d80
--- /dev/null
+++ b/reuters/training/8145
@@ -0,0 +1,10 @@
+BUNDESBANK SETS NEW REPURCHASE TENDER
+  The Bundesbank set a new tender for a
+  28-day securities repurchase agreement, offering banks
+  liquidity aid at a fixed rate of 3.80 pct, a central bank
+  spokesman said.
+      Banks must make their bids by 1000 GMT tomorrow, and funds
+  allocated will be credited to accounts on Wednesday. Banks must
+  repurchase securities pledged on April 22.
+  
+
diff --git a/reuters/training/8147 b/reuters/training/8147
new file mode 100644
index 0000000000000000000000000000000000000000..a1e9dd52d40ad1ced10b0095b245019b165d134f
--- /dev/null
+++ b/reuters/training/8147
@@ -0,0 +1,12 @@
+U.K. MONEY MARKET DEFICIT FORECAST AT 800 MLN STG
+  The Bank of England said it forecast a
+  shortage of around 800 mln stg in the money market today.
+      Among the main factors affecting liquidity, bills maturing
+  in official hands and the take-up of treasury bills will drain
+  around 1.18 billion stg while bankers balances below target
+  will take out some 20 mln stg.
+      Partly offseting these outflows, a fall in note circulation
+  and exchequer transactions will add some 355 and 55 mln stg to
+  the system respectively.
+  
+
diff --git a/reuters/training/8149 b/reuters/training/8149
new file mode 100644
index 0000000000000000000000000000000000000000..e8558e06dd49f48e498b090c7f5a9c81180564ce
--- /dev/null
+++ b/reuters/training/8149
@@ -0,0 +1,14 @@
+INDONESIA'S NON-OIL EXPORTS DECLINE IN 1986
+  Indonesia's non-oil and gas exports
+  fell to 5.79 billion dlrs in calendar 1986 from 5.98 billion in
+  1985, according to Bank Indonesia figures.
+      Coffee exports rose to 753 mln dlrs from 580 mln in 1985,
+  but rubber shipments fell to 625 mln from 720 mln and tin to
+  180.6 mln from 246 mln, weekly central bank figures show.
+      Indonesia hopes to boost its non-oil exports to make up for
+  oil revenue lost because of lower prices. But the lower value
+  of commodities such as timber, rubber, palm oil and tea on
+  world markets has prevented this, despite a 31 pct devaluation
+  of the rupiah against the dollar in September.
+  
+
diff --git a/reuters/training/8151 b/reuters/training/8151
new file mode 100644
index 0000000000000000000000000000000000000000..e0281f5bc301959185c6748c46a981ce63238aa7
--- /dev/null
+++ b/reuters/training/8151
@@ -0,0 +1,35 @@
+AUSTRALIAN MINISTER SAYS AGRICULTURE GATT PRIORITY
+  Australian Trade Minister
+  John Dawkins said if the General Agreement on Tariffs and Trade
+  (GATT) does not give high priority to agricultural trade reform
+  it will be neglecting the area of greatest crisis.
+      In a statement to the informal GATT trade ministers
+  conference here he said agriculture is a problem which involves
+  all countries and seriously affects the debt servicing
+  abilities of a number of developing countries.
+       He said major countries should be showing leadership on
+  this problem.
+      "We will be giving close attention to the processes in the
+  OECD (Organisation of Economic Cooperation and Development) and
+  elsewhere leading to the Venice economic summit where we will
+  be looking to the participants to adopt a strong commitment to
+  agricultural trade reform," Dawkins said.
+      The Venice summit is scheduled for June.
+      He said Australia's interests in the Uruguay Round, the
+  eighth under the GATT, are wide ranging. Dawkins said he sees
+  the round as providing a timely opportunity to secure further
+  meaningful trade liberalisation in all sectors and to restore
+  confidence in the multilateral system.
+      Dawkins said initial meetings of the negotiating groups
+  established in Geneva after the GATT declaration last September
+  in Punta del Este, Uruguay, have made a reasonable start, but
+  it is vital that trade ministers maintain the pressure on these
+  processes.
+      "We must see that the commitments made at Punta del Este on
+  standstill and rollback are carried into practice."
+      The standstill and rollback of protection offers the global
+  trading system a chance to hold and wind back protection during
+  the negotiations which are expected to last up to four years,
+  he said.
+  
+
diff --git a/reuters/training/8153 b/reuters/training/8153
new file mode 100644
index 0000000000000000000000000000000000000000..bfd0755165293ab5d926caa25ebc60eba43346e2
--- /dev/null
+++ b/reuters/training/8153
@@ -0,0 +1,20 @@
+JAPAN ECONOMY SEEN GROWING 3.6 PCT IN 1987/88
+  Japan is expected to post a 3.6 pct rise
+  in real gross national product in 1987/88, higher than the
+  official 3.5 pct target, a private economic institute said.
+      The Research Institute on National Economy said in a report
+  the economy will start picking up in the April-June quarter,
+  partly because of an improvement in earnings performance and
+  capital spending in manufacturing industries.
+      The institute assumed an average exchange rate in the year
+  starting April 1 of 150 yen to the dollar. It predicted the
+  Bank of Japan will not change the official discount rate in the
+  year.
+      The institute forecast that Japan's exports will gradually
+  rise in the year in volume terms as the dollar's fall in the
+  past 18 months is likely to help prop up the U.S. Economy.
+      Japan's trade surplus is expected to narrow slightly to
+  90.2 billion dlrs in 1987/88 ending March 31 from an estimated
+  98 billion in the current fiscal year, it said.
+  
+
diff --git a/reuters/training/8155 b/reuters/training/8155
new file mode 100644
index 0000000000000000000000000000000000000000..cfe95e358aa5554b5b6a63d07843ed86b31ea35b
--- /dev/null
+++ b/reuters/training/8155
@@ -0,0 +1,18 @@
+BOOKER PLC <BOKL.L> 1986 YEAR
+  Shr 27.89p vs 24.24p
+      Div 9.0p vs 7.75p making 13.75p vs 12.0p
+      Turnover 1.26 billion stg vs 1.19 billion
+      Pretax profit 54.6 mln vs 46.5 mln
+      Tax 16.5 mln vs 13.5 mln
+      Interest paid 2.2 mln vs 2.4 mln
+      Minority interests 2.3 mln debit vs same
+      Extraordinary items 42.3 mln profit vs 5.4 mln loss
+      Pretax profit includes -
+      Agribusiness 28.3 mln vs 22.5 mln
+      Health products 6.5 mln vs 5.4 mln
+      Wholesale food distribution 8.3 mln vs 7.3 mln
+      Retail food distribution 4.2 mln vs 5.9 mln
+      U.K. 28.7 mln vs 27.2 mln
+      U.S. 21.1 mln vs 16.1 mln
+  
+
diff --git a/reuters/training/8156 b/reuters/training/8156
new file mode 100644
index 0000000000000000000000000000000000000000..402f39777fdadc93f7a035a24110d0b88d70a8db
--- /dev/null
+++ b/reuters/training/8156
@@ -0,0 +1,25 @@
+PHILIPPINES CRITICISES EC FOR VEGETABLE OIL LEVY
+  Philippines Trade and
+  Industry Secretary Jose Concepcion told world trade ministers
+  he wondered if their agreement was of any real value after the
+  European Community (EC) imposed a levy on vegetable oils.
+      Concepcion, speaking at an informal meeting of the General
+  Agreement on Tariffs and Trade (GATT) here, said ministers
+  declared in Uruguay last September that the trade of
+  less-developed nations should not be disrupted.
+      He said the EC not only ignored Manila's request for lower
+  tariffs on coconut oil but introduced a levy on vegetable oils
+  and fats that are vital exports for Southeast Asian countries.
+      Concepcion said while the levy might be rejected by the EC
+  Council of Ministers, he noted that "I cannot help but wonder
+  whether the agreements we produce in meetings like this are of
+  any real value."
+      He also said industrialised nations saved about 65 billion
+  U.S. Dlrs in 1985 through low commodity prices, but this had
+  affected the ability of developing nations to import goods and
+  services.
+      "The health and the growth of world trade requires that the
+  new development of developing countries losing their share of
+  world trade be arrested and reversed," he said.
+  
+
diff --git a/reuters/training/8158 b/reuters/training/8158
new file mode 100644
index 0000000000000000000000000000000000000000..21ab4b911ad247c3c766c6c65b15f54adc478f16
--- /dev/null
+++ b/reuters/training/8158
@@ -0,0 +1,23 @@
+BURMA SAYS DEBT SERVICE RATIO FALLS TO 48.8 PCT
+  Burma's debt service ratio will have
+  fallen to 48.8 pct in the fiscal year to end-March 1987 from 50
+  pct in 1985-1986, the official Council of People's Inspectors
+  (CPI) reported.
+      Western diplomats in Rangoon estimate the figure at above
+  70 pct and say the country can no longer depend on foreign
+  exchange reserves to cover more than a few weeks' imports.
+      The CPI, which oversees government spending, said in its
+  latest report to parliament that foreign currency reserves fell
+  to a record low of 407.9 mln kyats in September 1986 from 430.3
+  mln in March 1986. Earlier figures were not available.
+      Debt servicing cost Burma 1.62 billion kyats in 1985-1986
+  while foreign exchange earnings -- export revenues plus loans
+  and aid -- totalled 3.23 billion kyats in the same period, the
+  council said.
+      Later figures were not available.
+      Burma, which diplomats here say now has foreign debts of up
+  to 3.4 billion dlrs, has applied to the United Nations to be
+  reclassified as one of the world's least developed countries in
+  order to qualify for softer loan and grant aid.
+  
+
diff --git a/reuters/training/8159 b/reuters/training/8159
new file mode 100644
index 0000000000000000000000000000000000000000..7ceb417216f65486dd805435256c5856259a7757
--- /dev/null
+++ b/reuters/training/8159
@@ -0,0 +1,13 @@
+INDIA BOUGHT 24,000 TONNES OF RBD OLEIN AT TENDER
+  The Indian State Trading Corporation
+  (STC) bought four cargoes of rbd palm olein totalling 24,000
+  tonnes at its vegetable oil import tender last week, traders
+  said. Market reports on Friday said the STC had booked two
+  cargoes.
+      The business comprised three 6,000 tonne cargoes for June
+  at 346 dlrs and 6,000 tonnes for July at 340 dlrs per tonne
+  cif.
+      It also secured a 20,000 tonne cargo of optional origin
+  rapeseed oil for May 15/Jun 15 shipment at 321 dlrs cif.
+  
+
diff --git a/reuters/training/816 b/reuters/training/816
new file mode 100644
index 0000000000000000000000000000000000000000..850041beed4786b2ff819d6bd0d760b1c7e799c0
--- /dev/null
+++ b/reuters/training/816
@@ -0,0 +1,15 @@
+U.S. BRASS MILL COPPER STOCKS LOWER IN JANUARY
+  U.S. brass mill copper stocks fell to
+  185,400 short tons (copper content) at the end of January from
+  191,200 short tons at the end of December, according to the
+  American Bureau of Metal Statistics.
+      Consumption by brass mills increased to 60,700 short tons
+  in January from 48,900 short tons in December.
+      Mills consumed 29,600 tons of refinery shapes in January
+  versus 24,000 tons in December. Scrap consumption increased to
+  31,100 tons in January from 24,900 tons in December.
+      Total brass mill shipments increased to 69,600 tons in
+  January from 54,400 tons in December, while receipts rose to
+  63,800 tons from 47,100 tons.
+  
+
diff --git a/reuters/training/8160 b/reuters/training/8160
new file mode 100644
index 0000000000000000000000000000000000000000..d19c74962d086656c550650ff90f8bdccec10df8
--- /dev/null
+++ b/reuters/training/8160
@@ -0,0 +1,30 @@
+BP GRANGEMOUTH REFINERY SHUT, HYDROCRACKER DAMAGED
+  The entire British Petroleum Co PLC
+  refinery at Grangemouth in Scotland has been shut down
+  following the explosion and fire that severely damaged the
+  hydrocracker at the site, a refinery spokesman said.
+      He said the rest of the 178,500 bpd refinery, including the
+  19,000 bpd catalytic cracker, was undamaged. The whole refinery
+  was closed pending enquiries but a decision when to reopen the
+  main units will be taken in the next couple of days, he said.
+      But there was extensive damage to the central part of the
+  32,000 bpd hydrocracker, which upgrades heavy oil products to
+  gasoline, and it will be out of operation for some months.
+      The spokesman said BP will not suffer supply shortages as a
+  result of the explosion as it will be able to bring in product
+  from other sources. BP has a 437,000 bpd refinery in Rotterdam,
+  a 181,900 bpd unit at Ingolstadt, West Germany, a 181,900 bpd
+  plant at Lavera in France and a smaller Swedish plant.
+      He said the explosion and fire, in which one worker was
+  killed, occurred when the hydrocracker was not in operation.
+      The refinery as a whole had been operating at about half of
+  its capacity since the end of January while an extensive
+  overhaul was carried out on the North Side of the complex where
+  the hydrocracker is sited, he said.
+      This work was scheduled to be completed by mid-April, but
+  this is now being assessed following the hydrocracker accident.
+      Two people were killed in an explosion and fire in a flare
+  line at the Grangemouth refinery on March 13, but the spokesman
+  said this incident was some 100 yards from the latest accident.
+  
+
diff --git a/reuters/training/8161 b/reuters/training/8161
new file mode 100644
index 0000000000000000000000000000000000000000..f82bd97a7d107b3e3a08b7b585f6cd4885931b1b
--- /dev/null
+++ b/reuters/training/8161
@@ -0,0 +1,24 @@
+DENG SETS LIMIT TO CHINA GRAIN IMPORTS, PAPER SAYS
+  China's top leader Deng Xiaoping said
+  China must not import more than 10 mln tonnes of grain, Ming
+  Pao newspaper of Hong Kong said.
+      Customs figures show that China imported 7.73 mln tonnes of
+  grain in 1986, up from 5.97 mln in 1985 but down from a record
+  16.15 mln in 1982.
+      The newspaper quoted Deng as saying that grain output is
+  one of several key issues that will influence the whole
+  development of the economy. It did not give the context of his
+  remarks. The 1987 grain production target is 405 mln, up from
+  391 mln in 1986.
+      The newspaper quoted Deng as saying that the situation has
+  reached the point where "pigs are not fed, there is not enough
+  grain and increases in output have slowed."
+      "We should in our overall economic planning put agriculture
+  in its proper place to reach our target of 480 mln tonnes by
+  the year 2000," he said. "We must avoid the situation in recent
+  years of importing more than 10 mln tonnes of grain."
+      The paper quoted Deng as saying that the State Council has
+  decided to raise the price of five grains, including corn and
+  rice, unchanged since 1978, but it gave no details.
+  
+
diff --git a/reuters/training/8162 b/reuters/training/8162
new file mode 100644
index 0000000000000000000000000000000000000000..e9e2f56ff0b3e3993fd926607b86d7a52c57396e
--- /dev/null
+++ b/reuters/training/8162
@@ -0,0 +1,35 @@
+AUSTRALIA'S WOOLWORTHS LOOKS TO IMPROVED PROFITS
+  Woolworths Ltd <WLWA.S> said policy,
+  management and financial changes initiated during the 1986/87
+  business year should cause profits to reach more acceptable
+  levels in 1987/88 end-February 1.
+      Net profit reported earlier fell 85.3 pct in the year ended
+  February 1.
+      Results for the first month of the new year were
+  encouraging after a period of uncertain consumer confidence and
+  difficult trading conditions, it said in a statement.
+      The Big W discount store division and New South Wales
+  supermarkets produced very disappointing results, it added.
+      Woolworths earlier reported a fall in net profit to 9.27
+  mln from 63.20 mln on sales of 5.47 billion against 4.83
+  billion. Capital spending for the year was 119 mln dlrs against
+  105 mln for the previous year with 50 new stores opened, but
+  total sales were below target, Woolworths said.
+      The company provided 20 mln dlrs against operating profit
+  for the year to cover mark-downs on stock.
+      Extraordinary items included a 53 mln dlr profit on the
+  sale of properties and investments less a 28 mln provision for
+  reorganising the Big W chain.
+      Woolworths is unrelated to the U.S. Group F.W. Woolworth
+  <Z.N>. It has been the subject of takeover speculation since
+  <Industrial Equity Ltd> acquired a 20 pct stake last year.
+      New Zealand's diversified investment group <Rainbow Corp
+  Ltd> bought Safeway Stores Inc's <SA> 20 pct holding in
+  Woolworths for 190 mln dlrs late last year.
+      Safeway put its stake up for tender just in time to take
+  advantage of changes in U.S. Tax laws effective from the end of
+  December, informed sources said.
+      Woolworths shares closed on Australian stock exchanges
+  today at 3.50 dlrs, down five cents from Friday.
+  
+
diff --git a/reuters/training/8163 b/reuters/training/8163
new file mode 100644
index 0000000000000000000000000000000000000000..4fd818fcf51b3776e7cf8b26709691f9f0212602
--- /dev/null
+++ b/reuters/training/8163
@@ -0,0 +1,18 @@
+BOOKER SAYS 1987 STARTS WELL
+  Booker Plc <BOKL.L> said 1987 had
+  started well and the group had the resources to invest in its
+  growth business both organically and by acquisition.
+      It was commenting on figures for 1986 which showed pretax
+  profits rising to 54.6 mln from 46.5 mln previously. Profits
+  from the U.S. Accounted for 39 pct of the total. The results
+  were broadly in line with analysts' forecasts and the company's
+  shares firmed in morning trading to 421p from 413p at Friday's
+  close.
+      The group ended the year with a cash surplus higher at 54
+  mln stg, compared to 26 mln previously, after capital
+  expenditure which rose to 54 mln from 43 mln.
+      In a statement, the company said the U.K. Agribusiness
+  group reported excellent profits growth while health products
+  profits rose to 6.5 mln from 5.4 mln.
+  
+
diff --git a/reuters/training/8164 b/reuters/training/8164
new file mode 100644
index 0000000000000000000000000000000000000000..d5c3b7bdf20e39e63a303fc22c8f891f046a70d9
--- /dev/null
+++ b/reuters/training/8164
@@ -0,0 +1,25 @@
+BANGLADESH FORECASTS GDP GROWTH OF 4.4 PCT
+  Gross domestic product is expected to
+  grow by 4.4 pct in the year ending June 30, Finance Minister
+  Mohammad Syeduzzaman told reporters.
+      Inflation fell to an estimated 12 pct this fiscal year from
+  17 pct in 1981/82, he said last night.
+      The World Bank and other independent sources have said
+  inflation would be around 15 pct in 1986/87.
+      Syeduzzaman said remittances from expatriates would rise to
+  600 mln dlrs this year from 425 mln in 1981/82.
+      Foreign exchange reserves at end-June are projected at 680
+  mln dlrs compared with 105 mln in 1981/82, he said.
+      Syeduzzaman said the export target has been set at 900 mln
+  dlrs this year against 626 mln in 1981/82. Commitments for
+  foreign loans and grants total more than five billion dlrs in
+  1986/87, against 3.54 billion five years previously, he said.
+      The government's liberal industrial policy has attracted
+  investment commitments totalling 250 mln dlrs, he said
+      Foodgrain output is estimated at 16.4 mln tonnes this year,
+  up from 16.12 mln in 1985/86 and 14.4 mln in 1981/82.
+      Government officials have said Bangladesh must import
+  nearly two mln tonnes of grain annually up to 1990, when the
+  government expects to attain self-sufficiency in food.
+  
+
diff --git a/reuters/training/8166 b/reuters/training/8166
new file mode 100644
index 0000000000000000000000000000000000000000..afc455bdc9d303ac86c1747cedceffba892c8ef7
--- /dev/null
+++ b/reuters/training/8166
@@ -0,0 +1,38 @@
+BEGHIN-SAY INCREASES CAPITAL TO FINANCE EXPANSION
+  French sugar group Beghin-Say, which is
+  49.6 pct owned by Italy's Gruppo Ferruzzi, is to raise its
+  capital to 703 mln francs from 527 mln through a three-for-one
+  issue of shares and investment certificates to finance
+  expansion, president Jean-Marc Vernes told analysts.
+      For the first stage Beghin-Say will issue some 2.05 mln new
+  65 franc shares at 500 francs to increase capital to 660 mln
+  francs. The share currently trades at 734 francs. Then 658,000
+  new 65 franc investment certificates will be issued at 400
+  francs, raising capital to 703 mln francs.
+      The capital increase will bring the group around 1.2
+  billion francs in new funds to finance its expansion plans.
+  These include the possible acquisition of the Corn Products
+  maize starch plant at Haubourdin in northern France, Vernes
+  said.
+      Ferruzzi is one of several groups bidding to buy all of
+  Corn Products' installations in Europe. Apart from the French
+  plant, these include three factories in each of Italy and West
+  Germany, two in Britain and Spain and one in the Netherlands
+  and Denmark.
+      Corn Products has put a 650 mln dlr price tag on the
+  installations, and Beghin-Say estimates that acquisition of the
+  Haubourdin plant would cost between 80 and 100 mln dlrs, Vernes
+  said.
+      If this bid fails, Beghin-Say would consider acquiring and
+  developing two other French plants, either in the maize or
+  wheat starch sector.
+      Beghin-Say is also planning to finance European expansion
+  for its Kaysersberg subsidiary, another major reason for its
+  capital increase.
+      Kaysersberg, which was transformed from a division of
+  Beghin-Say into a fully-fledged chemical subsidiary last year,
+  has been holding talks with other European companies on
+  possible accords, Vernes said. He added the company could be
+  introduced onto the Paris Bourse in the near future.
+  
+
diff --git a/reuters/training/8167 b/reuters/training/8167
new file mode 100644
index 0000000000000000000000000000000000000000..286f6038a96aecd4a3e229a19547d57e7595d201
--- /dev/null
+++ b/reuters/training/8167
@@ -0,0 +1,15 @@
+IRAQ REPORTS RAIDS IRAN'S NOWRUZ OIL FIELD
+  Iraq said its warplanes launched two
+  bombing raids on Iran's offshore Nowruz oilfield in the
+  northern Gulf today.
+      A military spokesman, quoted by the official Iraqi news
+  agency, said platforms at the field were reduced "to rubble."
+      He said attacks on the field, 55 miles northwest of Iran's
+  Kharg Island oil terminal, were carried out at 0600 GMT. He
+  said today's raids "fall within Iraq's policy to deprive Iranian
+  rulers of oil revenue used to serve their aggressive aims."
+      Iraqi planes yesterday raided the nearby Ardeshir oil
+  field, resuming attacks on Iranian targets after a month-long
+  lull.
+  
+
diff --git a/reuters/training/8168 b/reuters/training/8168
new file mode 100644
index 0000000000000000000000000000000000000000..2980243234e1e1699073ae01353361ae24211f43
--- /dev/null
+++ b/reuters/training/8168
@@ -0,0 +1,14 @@
+BANK OF FRANCE SAYS NO MONEY MARKET TENDER TODAY
+  The Bank of France will not hold a money
+  market intervention tender today, ruling out a further cut in
+  its 7-3/4 pct intervention rate, central bank sources said.
+      At the tenders, depending on market conditions, the Bank
+  injects liquidity into the market by buying up first category
+  paper. But market sources said that while the recent franc
+  performance leaves room for a further quarter point cut in the
+  intervention rate there was plenty of market liquidity.
+      The Bank cut its rate to 7-3/4 pct from eight pct on March
+  9, the first change since January 2. Interest rates also fell
+  the same week in Britain, Belgium and Italy.
+  
+
diff --git a/reuters/training/8169 b/reuters/training/8169
new file mode 100644
index 0000000000000000000000000000000000000000..2d41b1829d47453884741865e2e4e72f1a50faf9
--- /dev/null
+++ b/reuters/training/8169
@@ -0,0 +1,3 @@
+23-MAR-1987
+  23-MAR-1987
+
diff --git a/reuters/training/817 b/reuters/training/817
new file mode 100644
index 0000000000000000000000000000000000000000..0d4e9c7bca1575f0114fd67f8c41fb1f22ffde20
--- /dev/null
+++ b/reuters/training/817
@@ -0,0 +1,8 @@
+MFS MUNICIPAL INCOME TRUST <MFM> SETS PAYOUT
+  MFS Municipal Income Trust said it
+  declared a monthly income distribution of 5.7 cts a share
+  compared with 5.5 cts a share paid in the previous month.
+      It said the distribution is payable March 27 to
+  shareholders of record March 13.
+  
+
diff --git a/reuters/training/8172 b/reuters/training/8172
new file mode 100644
index 0000000000000000000000000000000000000000..7adc407afb5b2ca3755a7bc147601966323691a4
--- /dev/null
+++ b/reuters/training/8172
@@ -0,0 +1,23 @@
+BALLADUR SEES ONLY TWO PCT FRENCH GROWTH IN 1987
+  French 1987 growth will probably be about
+  two pct, the same as last year, due to an international
+  environment that is less favourable than expected, Finance
+  Minister Edouard Balladur was quoted as saying.
+      Treasury director Daniel Lebegue said last month that gross
+  domestic product is expected to grow by between two and 2.5 pct
+  this year, against an original target of 2.8 pct.
+      Although in line with the latest Organisation for Economic
+  Cooperation and Development (OECD) estimate of 2.1 pct growth,
+  the forecast will be balanced by growth in investments and
+  exports, Balladur said in an interview with the daily Les
+  Echos.
+      Last month Balladur said French GDP had grown by just two
+  pct last year, compared with an initial 1986 target of 2.5 pct
+  and 1.1 pct growth in 1985.
+      He told Les Echos he aims to reduce the 1988 budget deficit
+  to 115 billion francs from this year's figure of 129 billion
+  and compared with a 141 billion deficit in 1985.
+      He has already announced his intention of cutting the
+  deficit to 100 billion francs in 1989.
+  
+
diff --git a/reuters/training/8173 b/reuters/training/8173
new file mode 100644
index 0000000000000000000000000000000000000000..780a7f9f20804cd621746fd67ebf2013112685b6
--- /dev/null
+++ b/reuters/training/8173
@@ -0,0 +1,35 @@
+FRENCH GDP SHOULD RISE 2.3 PCT IN 1988 - MINISTRY
+  French gross domestic product should grow
+  by 2.3 pct in 1988 after two pct growth this year and 2.1 pct
+  in 1986, the Finance Ministry said.
+      The latest forecast, prepared by the National Accounts and
+  Budget Commission, assumed an exchange rate of 6.20 francs to
+  the dollar this year and next and an average oil import price
+  rising to 18.9 dlrs a barrel next year from 17.4 dlrs this year
+  and 14.7 in 1986.
+      The Commission, headed by Finance minister Edouard
+  Balladur, forecast a fall in consumer price inflation to two
+  pct year-on-year at end-1988 from 2.4 pct at end 1987 and 2.1
+  pct last year.
+      In annual average terms inflation would fall to two pct in
+  1988 from 2.5 pct this year and 2.7 pct last year, it said.
+      Trade should show a one billion franc annual surplus this
+  year and next after last year's 0.5 billion surplus, it added.
+      Employment should rise by 0.1 pct a year over the next two
+  years while the state budget deficit should be cut to 2.2 pct
+  of GDP in 1988 from 2.6 pct this year and 2.9 pct in 1986.
+      Other forecasts prepared by the Commission indicated a 1.8
+  pct 1988 rise in household purchasing power, up from 1.1 pct
+  this year but less than last year's 2.9 pct, and a 1.6 pct rise
+  in household consumption, compared with this year's 1.5 pct and
+  last year's 2.9 pct.
+      Business investment is forecast to rise four pct a year
+  this year and next after 3.7 pct last year, with private sector
+  productive investment rising 4.9 pct in 1988 after a six pct
+  rise this year and 5.5 pct in 1986.
+      The Ministry said updated forecasts would be prepared
+  before the autumn to serve as the basis for the 1988 budget,
+  which the government is now preparing for presentation in
+  September.
+  
+
diff --git a/reuters/training/8174 b/reuters/training/8174
new file mode 100644
index 0000000000000000000000000000000000000000..2401cad4e8cc6daf55cef6f36be7f8b00e3c5b33
--- /dev/null
+++ b/reuters/training/8174
@@ -0,0 +1,14 @@
+DANISH TRADE IN BALANCE IN FEBRUARY
+  Denmark's balance of payments on
+  current account was provisionally put at zero in February,
+  against a 181 mln crown surplus in January and a 1.5 billion
+  deficit in February 1986, the National Statistics Office said.
+      Exports rose to 13.94 billion crowns in February from 12.53
+  billion in January, against 14.16 billion in February last
+  year. February imports rose to 13.94 billion from 12.35 billion
+  in January, against 15.67 billion in February 1986.
+      The February figure provisionally gives a trade surplus for
+  1987 of 180 mln crowns, against a 3.04 billion deficit in the
+  same 1986 period.
+  
+
diff --git a/reuters/training/8176 b/reuters/training/8176
new file mode 100644
index 0000000000000000000000000000000000000000..3c2f28e1dab13ba7afd6a699a726bd3f4d6221dd
--- /dev/null
+++ b/reuters/training/8176
@@ -0,0 +1,32 @@
+BEGHIN-SAY SEES SOLUTION TO EC SUGAR DISPUTE
+  A settlement could soon be reached in the
+  dispute between European sugar producers and the European
+  Community over EC export licencing policies, Jean-Marc Vernes,
+  president of French sugar producer Beghin-Say, which is leading
+  the protest, told journalists today.
+      "Our contacts with the EC authorities over the past few days
+  indicate that we are moving towards a solution," he said, adding
+  that if this happened the producers would withdraw the 854,000
+  tonnes of sugar they have offered into intervention.
+      Vernes said that the protest, involving 770,000 tonnes of
+  sugar from French producers alone, was prompted by the EC's
+  policy since mid-1986 of offering export rebates which failed
+  to give producers an equivalent price to that they would obtain
+  by offering sugar into EC intervention.
+      At last week's tender the EC Commission made an apparent
+  concession by offering a maximum rebate only 1.3 European
+  currency units (Ecus) per 100 kilos below the level producers
+  say is needed, compared with the previous week's rebate which
+  was 2.5 Ecus below the necessary level.
+      Vernes would not say what form any compromise between the
+  producers and the EC would take, but he reaffirmed the
+  long-term desire of producers to export to the world market,
+  providing they were not losing money by doing so.
+      Producers can withdraw their intervention offer after April
+  1, when the sugar will officially enter intervention stores, or
+  at any time over the following five weeks before the official
+  payment date.
+      The EC has threatened to put the sugar back on the internal
+  market if the producers refuse to withdraw their offers.
+  
+
diff --git a/reuters/training/8177 b/reuters/training/8177
new file mode 100644
index 0000000000000000000000000000000000000000..b378c010dd3f281ff5b69898bae6ce251d447671
--- /dev/null
+++ b/reuters/training/8177
@@ -0,0 +1,14 @@
+DRESDNER DECLINES COMMENT ON SCRIP SHARE REPORT
+  A Dresdner Bank AG <DRSD.F> spokesman
+  said the bank had no comment on newspaper reports that
+  shareholders would be offered free subscription shares.
+      Dresdner shares surged to open 10.50 marks higher at
+  319.50, before climbing further. Other bank stocks also rose
+  strongly and dealers cited speculation already in the market
+  that Deutsche Bank AG <DBKG.F> would make a similar move. Such
+  "scrip" issues, if they occurred, would mark the first time
+  German banks had ever issued free shares.
+      The varying reports said Dresdner shareholders may be
+  offered one free share for every 15, 18 or 20 already held.
+  
+
diff --git a/reuters/training/8178 b/reuters/training/8178
new file mode 100644
index 0000000000000000000000000000000000000000..57da15b7c38cbaf9769c09a1af1613f2f78a055f
--- /dev/null
+++ b/reuters/training/8178
@@ -0,0 +1,24 @@
+U.K. LONGER CYCLICAL INDICATOR RISES IN FEBRUARY
+  The U.K. Longer leading cyclical
+  indicator rose in February by 5.8 pct after January's 1.9 pct
+  rise, figures from the Central Statistical Office show.
+      The indicator, base 1980, which shows trends in the economy
+  12 months ahead, was put at 108.7 in February compared with
+  102.7 in January and 99.5 in February 1986.
+      The shorter leading indicator, signalling trends six months
+  ahead, was put at 97.1 for January, the latest month for which
+  data were available, after December's 96.5. This compared with
+  98.4 in January 1986.
+      The coincident indicator, designed to signal current
+  turning points in the economy, was put at 91.2 in January, down
+  from 91.9 in December and 91.6 in january 1986.
+      The lagging index, which the CSO says shows a turning point
+  in the economy about a year after it happens, was at 92.4 in
+  January, down from 92.5 in December and 93.0 a year earlier.
+      The Office said leading indicators still do not show a
+  consistent picture of the likely future developments of the
+  business cycle in Britain.
+      It said the strong rise in the longer leading index between
+  December and February was due mainly to rises in share prices.
+  
+
diff --git a/reuters/training/8179 b/reuters/training/8179
new file mode 100644
index 0000000000000000000000000000000000000000..aed62969437bf8cdee3a93490576a3acf0e8eeb4
--- /dev/null
+++ b/reuters/training/8179
@@ -0,0 +1,36 @@
+AUSTRALIAN WHEAT AREA TO FALL, FORECASTER SAYS
+  Australian wheat plantings are
+  forecast to fall to 10.40 mln hectares in 1987/88 from 11.72
+  mln sown in 1986/87, Australian Wheat Forecasters Pty Ltd (AWF)
+  said in its first preliminary crop forecast.
+      But there was no reason to expect Australian production in
+  1987/88 would be less than the 16.5 mln tonnes of last year,
+  the private forecaster said, as crops in New South Wales and
+  Queensland suffered from poor yields last season.
+      Most of the fall in plantings was expected in Western
+  Australia while state average yields would be assisted by
+  growers sowing wheat on fallows and rest paddocks, it said.
+      The main reason for a low Western Australia estimate was a
+  poor profit outlook under cost, credit and yield pressures. But
+  in the eastern states the wheat area should hold up provided
+  that rainfall between now and June is not less than average,
+  AWF said.
+      Although some farmers were saying they intended to cut back
+  wheat area by 20 pct, AWF said this was unlikely since they
+  needed cash flow and there were problems with alternative
+  crops.
+      "The lack of statutory marketing for oilseeds, pulses and
+  oats is a cause for concern if those crops are to comprise a
+  high proportion of growers' income," AWF said.
+      AWF's state area forecasts in mln hectares, with 1986/87
+  production in mln tonnes, are as follows (crop forecasts were
+  not given for the new wheat year)
+                     Area         Crop
+               1987/88  1986/87  1986/87
+   Queensland    0.82     0.82     0.95
+   N.S.W.        3.07     3.17     4.40
+   Victoria      1.53     1.63     3.25
+   S.Australia   1.45     1.64     2.30
+   W.Australia   3.53     4.46     5.60
+  
+
diff --git a/reuters/training/818 b/reuters/training/818
new file mode 100644
index 0000000000000000000000000000000000000000..6f191a334d658719d8a601578cc26a1ca29e0d3a
--- /dev/null
+++ b/reuters/training/818
@@ -0,0 +1,10 @@
+PITTWAY CORP <PRY> 4TH QTR NET
+  Shr 1.35 dlrs vs two dlrs
+      Net 6,195,000 vs 9,202,000
+      Sales 157.5 mln vs 151.6 mln
+      Year
+      Shr 6.02 dlrs vs 6.78 dlrs
+      Net 27,608,000 vs 31,117,000
+      Sales 585.7 mln vs 541.3 mln
+  
+
diff --git a/reuters/training/8180 b/reuters/training/8180
new file mode 100644
index 0000000000000000000000000000000000000000..9a64abcfd327225bcd77bc1f482699f50961d95d
--- /dev/null
+++ b/reuters/training/8180
@@ -0,0 +1,5 @@
+FRENCH JANUARY INDUSTRIAL PRODUCTION FELL 1.98 PCT - OFFICIAL
+
+  FRENCH JANUARY INDUSTRIAL PRODUCTION FELL 1.98 PCT - OFFICIAL
+  
+
diff --git a/reuters/training/8182 b/reuters/training/8182
new file mode 100644
index 0000000000000000000000000000000000000000..54ab01c42b6c4542df0a44877b546b3cc344c151
--- /dev/null
+++ b/reuters/training/8182
@@ -0,0 +1,6 @@
+U.K. MONEY MARKET SHORTAGE FORECAST REVISED DOWN
+  The Bank of England said it revised down
+  its forecast of the deficit in the money market today to 750
+  mln stg from 800 mln.
+  
+
diff --git a/reuters/training/8184 b/reuters/training/8184
new file mode 100644
index 0000000000000000000000000000000000000000..2f2cfb2df1c83633eb420fa656c6357616391dfe
--- /dev/null
+++ b/reuters/training/8184
@@ -0,0 +1,14 @@
+JAPAN LONG-TERM PRIME SEEN CUT TO RECORD LOW SOON
+  Japan's long-term banks will soon cut
+  their prime rate, now at a record low 5.5 pct, by 0.2 or 0.3
+  percentage point in response to falling secondary market yields
+  on their five-year debentures, long-term bankers said.
+      The long-term prime rate is customarily set 0.9 percentage
+  point above the coupon on five-year bank debentures issued by
+  the long-term banks every month.
+      The latest bank debentures, at 4.6 pct, have met strong
+  end-investor demand on the prospect of further declines in yen
+  interest rates, dealers said. The current 5.5 pct prime rate
+  has been in effect since February 28.
+  
+
diff --git a/reuters/training/8186 b/reuters/training/8186
new file mode 100644
index 0000000000000000000000000000000000000000..9fea1f9f84c616c634465fb61bb9c13585fcd03e
--- /dev/null
+++ b/reuters/training/8186
@@ -0,0 +1,44 @@
+YEUTTER SEES U.S., JAPAN VERGING ON TRADE CONFLICT
+  The United States and Japan
+  are on the brink of serious conflict on trade, especially over
+  semiconductors, Japanese unwillingness for public bodies to buy
+  U.S. Super-computers, and barriers to U.S. Firms seeking to
+  participate in the eight billion dlr Kansai airport project,
+  U.S. Trade Representative Clayton Yeutter said.
+      He was talking to reporters yesterday on the eve of a
+  two-day meeting of trade ministers which will review progress
+  made by committees set up after the Uruguay meeting last
+  September launched a new round of GATT (General Agreement on
+  Tariffs and Trade) talks.
+      European Community (EC) commissioner Willy de Clercq
+  meanwhile told reporters conflict between the world's three
+  major trading and economic powers -- the EC, the U.S. And Japan
+  -- set a poor example for other members of GATT.
+      Australian Trade Minister John Dawkins told the reporters
+  bilateral retaliation at the enormous expense of the rest of
+  the world was no way to solve trade disputes.
+      New Zealand trade minister Mike Moore told his colleagues
+  great progress had been made in preparing for the current round
+  of GATT negotiations which must not be sidetracked.
+      The ministers have said they want to maintain the momentum
+  towards fresh negotiations or avert serious trade conflicts.
+      Yeutter said the problem with international trade talks was
+  that they tended to get bogged down for years. "Countries don't
+  get very serious about negotiating until the end of the day
+  which is, maybe, five or six years in the future."
+      He also said he did not consider the new U.S. Congress as
+  protectionist as it was 18 months ago. "That's a very healthy
+  development," he added."If you asked me about that a year or 18
+  months ago I would have said that it was terribly
+  protectionist."
+      "Members of Congress, that is the contemplative members of
+  Congress, have begun to realise protectionism is not the answer
+  to the 170 billion dlr trade deficit," Yeutter said.
+      "They've also begun to realise that you cannot legislate
+  solutions to a 170 billion dollar trade deficit so they are
+  more realistic and, in my judgement, more responsible on that
+  issue than they were 12 or 18 months ago."
+      He added, "Whether that will be reflected in the legislation
+  that eventually emerges is another matter."
+  
+
diff --git a/reuters/training/8188 b/reuters/training/8188
new file mode 100644
index 0000000000000000000000000000000000000000..c817fa33a4cf61163c8a50f667eb7d376fba741c
--- /dev/null
+++ b/reuters/training/8188
@@ -0,0 +1,40 @@
+IRAN SAYS IT INTENDS NO THREAT TO GULF SHIPPING
+  Iran said reports that it intended to
+  threaten shipping in the Gulf were baseless, and warned the
+  U.S. And other countries not to interfere in the region.
+      Tehran radio, monitored by the BBC, quoted a Foreign
+  Ministry spokesman as saying any attempt at interference would
+  be met by "a strong response from Iran and other Moslems in the
+  world."
+       U.S. Defence Secretary Caspar Weinberger, in remarks
+  apparently unrelated to the broadcast, said the U.S. Would do
+  whatever was necessary to keep shipping lanes open in the face
+  of new Iranian anti-ship missiles in the Gulf.
+      The U.S. State Department said two days ago Tehran had been
+  told of U.S. Concern that Iranian anti-ship missiles posed a
+  threat to the free flow of oil from the Gulf.
+      U.S. Officials have said Iran has new Chinese-made
+  anti-ship "Silkworm" missiles, which pose a greater threat to
+  merchant ships than missiles used before.
+      The Iranian spokesman said the reports that Iran intended
+  to attack ships were "misleading propaganda."
+      He said Iraq's President Saddam Hussein was the main cause
+  of tension in the Gulf and said Iran would continue to use "all
+  its legitimate means to stem the cause of tension."
+      Weinberger said in a television interview in the U.S. "We
+  are fully prepared to do what's necessary to keep the shipping
+  going and keep the freedom of navigation available in that very
+  vital waterway."
+      "We aren't going into any disclosures or discussions of what
+  might happen, but we are certainly very sympathetic to and
+  listening carefully to any suggestions for our assistance in
+  keeping navigation free in that area," he said.
+      Weinberger said U.S warship movements in the Gulf area were
+  not unusual.
+      A U.S. Navy battle group led by the aircraft carrier Kitty
+  Hawk is currently in the northern Arabian Sea.
+      The Iranian spokesman was quoted by Tehran radio as saying
+  the U.S. Was trying to build up its military presence in the
+  region.
+  
+
diff --git a/reuters/training/8189 b/reuters/training/8189
new file mode 100644
index 0000000000000000000000000000000000000000..75169767aa1f9f7120be9efb959e99a4fd2c79bf
--- /dev/null
+++ b/reuters/training/8189
@@ -0,0 +1,33 @@
+BAKER DENIES DOLLAR TARGET EXISTS
+  U.S. Treasury Secretary James Baker
+  again said the meeting of six major industrial nations in Paris
+  last month did not establish a target exchange rate for the
+  dollar.
+      Baker said in a television interview aired here yesterday:
+  "We don't have a target for the dollar." He declined to comment
+  on what might be a desired level for the dollar, saying: "We
+  really don't talk about the dollar."
+      He said protectionism was becoming "extremely strong" in the
+  U.S. In response to widening U.S. Trade deficits and import
+  barriers in other countries.
+      "The mood in the United States is extremely disturbing. It's
+  extremely strong," he said.
+      "As I've said before, we sort of see ourselves as engaged
+  here in a real struggle to preserve the world's free trading
+  system, because if the largest market in the world (the U.S.)
+  goes protectionist we run the risk of moving down the same path
+  that the world did in the late 1930s," he said.
+      While relative exchange rates had a role to play in
+  defusing the threat of protectionism, it alone did not offer
+  any solution, he said.
+      "You must address this problem on the exchange rate side,
+  but it cannot be solved on the exchange rate side alone. It's
+  far more comprehensive and broad than that, and the solution of
+  it requires a comprehensive approach," Baker said in the
+  interview.
+      Baker said it would be necessary for other countries to
+  adjust their currencies upwards, as well as remove their
+  barriers to U.S. Imports. But he did not elaborate or name any
+  countries.
+  
+
diff --git a/reuters/training/8190 b/reuters/training/8190
new file mode 100644
index 0000000000000000000000000000000000000000..aaae1d1603b6484e41bc744e6121c04a2c10914d
--- /dev/null
+++ b/reuters/training/8190
@@ -0,0 +1,18 @@
+FRENCH INDUSTRIAL PRODUCTION FALLS IN JANUARY
+  French industrial production fell a
+  seasonally adjusted 1.98 pct in January after revised unchanged
+  output in December, the National Statistics Institute (INSEE)
+  said.
+      The figure, which excludes construction and public works,
+  put the January index, base 1980, at 99 after 101 in December.
+  January output was 1.98 pct down on January 1986.
+      INSEE, which from January changed its base year to 1980
+  from 1970, originally had December output down 2.2 pct on
+  November, using the old base year.
+      INSEE said production in January was affected by rail
+  strikes and severely cold weather.
+      It said output of gas and electricity was very high but
+  activity slowed on construction sites, in quarries and in
+  certain base industries.
+  
+
diff --git a/reuters/training/8193 b/reuters/training/8193
new file mode 100644
index 0000000000000000000000000000000000000000..347baee2555c5e4f288b715cf0b1cd48dc6ccfc7
--- /dev/null
+++ b/reuters/training/8193
@@ -0,0 +1,25 @@
+GOOD DEMAND FOR COLOMBIANS ON BREMEN MARKET
+  The Bremen green coffee market attracted
+  good buying interest for Colombian coffee last week, while
+  Brazils were almost neglected, trade sources said.
+      Buyers were awaiting the opening of Brazil's export
+  registrations for May shipment, which could affect prices for
+  similar qualities, they said.
+      Colombia opened export registrations and good business
+  developed with both the FNC and private shippers. Prices were
+  said to have been very attractive, but details were not
+  immediately available.
+      Central Americans were sought for spot and afloat.
+      In the robusta sector nearby material was rather scarce,
+  with turnover limited, the sources said.
+      The following offers were in the market at the end of last
+  week, first or second hand, sellers' ideas for spot, afloat or
+  prompt shipment in dlrs per 50 kilos fob equivalent, unless
+  stated (previous week's prices in brackets) -
+      Brazil unwashed German quals 100 (102), Colombia Excelso
+  105 (110), Salvador SHG 110 (108), Nicaragua SHG 109 (same),
+  Guatemala HB 111 (same), Costa Rica SHB 113 (112), Kenya AB FAQ
+  142 (134), Tanzania AB FAQ 120 (same), Zaire K-5 105 (unq),
+  Sumatra robusta EK-1 91 CIF (same).
+  
+
diff --git a/reuters/training/8194 b/reuters/training/8194
new file mode 100644
index 0000000000000000000000000000000000000000..e25a5b89f0dc514db11eec4b1128eddc6d2c6654
--- /dev/null
+++ b/reuters/training/8194
@@ -0,0 +1,10 @@
+U.K. MONEY MARKET GIVEN 97 MLN STG ASSISTANCE
+  The Bank of England said it provided the
+  money market with help of 97 mln stg in the morning session.
+      This compares with the Bank's revised estimate of a 750 mln
+  stg shortage in the system today.
+      The central bank bought bank bills outright comprising 12
+  mln stg in band one at 9-7/8 pct and 85 mln stg in band two at
+  9-13/16 pct.
+  
+
diff --git a/reuters/training/8197 b/reuters/training/8197
new file mode 100644
index 0000000000000000000000000000000000000000..064897997e6602be3a3c4c869c3615661cfccda3
--- /dev/null
+++ b/reuters/training/8197
@@ -0,0 +1,8 @@
+IRANIAN TANKER ATTACKED OVER WEEKEND - LLOYDS
+  The Iranian steam tanker Avaj, 316,379
+  tonnes dw, was attacked and hit at 1715 hours on March 21,
+  Lloyds Shipping Intelligence service reported.
+      One person was killed. The tanker is owned by the National
+  Iranian Tanker Co.
+  
+
diff --git a/reuters/training/8198 b/reuters/training/8198
new file mode 100644
index 0000000000000000000000000000000000000000..ee5237976264c354d0791ccc61fce90068d608c8
--- /dev/null
+++ b/reuters/training/8198
@@ -0,0 +1,59 @@
+NEXT WORLD TRADE NEGOTIATIONS MUST SUCCEED - NZ
+  Ministers from more than 20
+  nations were told by New Zealand that the next international
+  negotiations on liberalising trade would be the last this
+  century and the cost of failure could not be measured.
+      Trade minister Mike Moore told his colleagues at a
+  welcoming ceremony before two days of talks here that great
+  progress had been made in preparing for the negotiations which
+  must not be sidetracked.
+      "We live in troubled and dangerous times for the world
+  trading system," he said.
+      "We have seen that the failure of the world trading system
+  has caused great depression and conflict in the past. Our
+  failure to maintain the momentum will be at great cost to us
+  all," Moore said.
+     "The cost of failure is beyond calculation. It is our last
+  hope and best opportunity this century. We will not get another
+  chance before the year 2000," he added.
+      The ministers are in New Zealand to review world trade
+  since the "Uruguay round" talks last September. The talks are 
+  also part of preparations for a full-scale June meeting of the
+  General Agreement on Tariffs and Trade (GATT) in Venice.
+      The Uruguay meeting is considered by most countries to have
+  been particularly successful, with northern hemisphere
+  countries managing to have service industries such as banking
+  and insurance included in the next full round.
+      The southerners' goal of including agricultural and
+  tropical products also was met.
+      The meeting at this North Island tourist resort is
+  described by participants as informal and no declaration is
+  expected.
+      Moore said one aim was to "instil a sense of political
+  urgency to avert potential economic tragedy."
+      Another was to seek ways of popularising freer trade to
+  people who felt the pain of readjustment but could not see the
+  benefits, as well as preventing "bush fires of confrontation
+  while we proceed with orderly negotiations."
+      The meeting is being attended by 25 overseas delegations
+  including representatives of GATT and the Economic Community.
+      The delegates include U.S. Trade Representative Clayton
+  Yeutter.
+      American sources say he is ready to state that the best way
+  to reverse protectionist sentiment in the United States is to
+  implement four key Uruguay proposals:
+      -- an end to agricultural subsidies;
+      -- inclusion of trade in services and investments in GATT
+  regulations;
+      -- tightening of restrictions on pirating of so-called
+  intellectual property such as trademarks, patents and
+  copyrights;
+      -- new rules to resolve trade disputes among GATT's 92
+  member states.
+      Earlier, New Zealand sources had said French Foreign Trade
+  Minister Michel Noir had pulled out of the informal GATT talks
+  for domestic political reasons.
+      Cabinet chief Bernard Prauge will lead the French
+  delegation.
+  
+
diff --git a/reuters/training/8199 b/reuters/training/8199
new file mode 100644
index 0000000000000000000000000000000000000000..0ba5669724bc1fadae5e180df4b2635a66fceb6c
--- /dev/null
+++ b/reuters/training/8199
@@ -0,0 +1,11 @@
+SWISS SIGHT DEPOSITS RISE 743.7 MLN FRANCS
+  Sight deposits of commercial banks at
+  the Swiss National Bank rose 743.7  mln Swiss francs in the
+  second 10 days of March to 8.40 billion, the National Bank
+  said.
+      Foreign exchange reserves fell 392.1 mln francs to 33.55
+  billion.
+      Sight deposits are a major indicator of money market
+  liquidity in Switzerland.
+  
+
diff --git a/reuters/training/82 b/reuters/training/82
new file mode 100644
index 0000000000000000000000000000000000000000..3ff1022b63db443ea2660dcd3d94bcda2f183d98
--- /dev/null
+++ b/reuters/training/82
@@ -0,0 +1,13 @@
+PHILIPPINE LONG DISTANCE <PHI> YEAR NET
+  Shr primary 95.30 pesos vs 29.71 pesos
+      Shr diluted 61.11 pesos vs 18.49 pesos
+      Qtly div 1.25 pesos vs 1.25 pesos
+      Net 1.9 billion vs 779 mln
+      Revs 6.1 billion vs 4.7 billion
+      NOTE: Full name Philippine Long Distance Telephone Co.
+      Figures quoted in Philippine Pesos.
+      Dividend payable April 15 to holders or record March 13.
+  Exchange rate on day of dividend declaration was 20.792 pesos
+  per dollar.
+  
+
diff --git a/reuters/training/820 b/reuters/training/820
new file mode 100644
index 0000000000000000000000000000000000000000..ac01dd5fae57ee2fa77a4456a793920d538e9a0b
--- /dev/null
+++ b/reuters/training/820
@@ -0,0 +1,14 @@
+ARMTEK <ARM> TO SELL INDUSTRIAL TIRE UNIT
+  Armtek Corp, previously the
+  Armstrong Rubber Co, said it agreed to sell its industrial tire
+  and assembly division to a Dyneer Corp <DYR> for an undisclosed
+  sum.
+      It said the agreement covers the division's tire production
+  facility in Clinton, Tenn., and its plants serving original
+  equipment and replacement markets. Armstrong Tire Co, an Armtek
+  unit, will continue to sell replacement industrial tires, the
+  company said.
+      Final closing is expected in the third fiscal quarter
+  ending June 30.
+  
+
diff --git a/reuters/training/8200 b/reuters/training/8200
new file mode 100644
index 0000000000000000000000000000000000000000..0045012866ef3f4410bffd66fe0c391253be26a2
--- /dev/null
+++ b/reuters/training/8200
@@ -0,0 +1,60 @@
+CASH CRISIS HITS UGANDAN COFFEE BOARD
+  Uganda's state-run Coffee Marketing
+  Board (CMB) has been suffering a cash crisis for the past two
+  months due to a bottleneck in export shipments and
+  administrative delays in handling payments, trade sources said.
+      The CMB needs between 10 and 15 billion shillings (the
+  equivalent of seven to 10 mln dlrs) to pay farmers and
+  processors for coffee already delivered, but its present export
+  revenue is insufficient to cover such expenditure, they said.
+      The board's cash crisis has serious implications for the
+  economy as a whole, since coffee accounts for 95 pct of
+  Uganda's total exports.
+      The CMB's financial difficulties first started in January
+  following delays in rail-freighting export consignments of
+  coffee to the ports of Mombasa, Dar es Salaam and Tanga.
+      These delays were caused by a shortage of railway wagons in
+  Uganda and bottlenecks on the ferries which transport Ugandan
+  wagons across Lake Victoria to link up with the Kenyan and
+  Tanzanian railway systems, the sources said
+      Marketing Minister John Sebaana-Kizito publicly
+  acknowledged on February 19 that the CMB had run up arrears to
+  local suppliers as a result of the shortage of transport for
+  moving exports.
+      Sebaana-Kizito said at the time that the payments squeeze
+  would be resolved in two weeks.
+      However, an accident to the rail ferry which plies between
+  the Ugandan lake port of Jinja and Kisumu in Kenya put it out
+  of action between February 21 and March 15, causing fresh
+  delays in cargo movements.
+      Coffee exports are especially sensitive to the disruption
+  of rail transport since president Yoweri Museveni has banned
+  their haulage by road in a drive to save transport costs.
+      Transport difficulties meant that by early February the CMB
+  was holding unsold coffee stocks of around 750,000 bags.
+      These stocks were equivalent to one quarter of Uganda's
+  expected three mln 60-kilo bag 1986/87 (October-September)
+  crop, the sources said.
+      According to the sources, the board's financial problems
+  have been aggravated by long delays in processing export
+  receipts.
+      The coffee board was taking about eight weeks to recycle
+  export receipts into payments to local producers, whereas
+  export bills handled by local banks took half that time to
+  process, they said.
+      The sources said the CMB's price structure had been
+  overtaken by Uganda's high inflation rate, unofficially
+  estimated at about 200 pct, and that this was a further
+  disincentive to producers, already owed large arrears.
+      "The coffee pricing structure is wrong and three months
+  behind, the foreign exchange rate is unrealistic, and the
+  sooner the so-called economic package is put in top gear, the
+  better for the coffee industry and the economy as a whole," one
+  of the sources said.
+      The government is currently negotiating a package of
+  economic reforms with the World Bank and International Monetary
+  Fund aimed at underpinning a renewed inflow of foreign aid to
+  help Uganda's economic recovery after 15 years of political
+  strife.
+  
+
diff --git a/reuters/training/8204 b/reuters/training/8204
new file mode 100644
index 0000000000000000000000000000000000000000..afb7b3a02908397e3919959909556918c3bfc411
--- /dev/null
+++ b/reuters/training/8204
@@ -0,0 +1,20 @@
+GENERAL PARTNERS IN GENCORP <GY> PROXY FIGHT
+  General Partners, the group tendering
+  for all GenCorp Inc shares at 100 dlrs each, said it has
+  started soliciting proxies against GenCorp's proposals to
+  increase its number of authorized shares outstanding, create a
+  board with staggered election dates and eliminate cumulative
+  voting.
+      The proposals are to be voted on at the March 31 annual
+  meeting.
+      General Partners, a partnership of privately-held <Wagner
+  and Brown> and AFG Industries Inc <AFG>, made the disclosure in
+  a newspaper advertisement.
+      The partnership has already filed suit in U.S. District
+  Court in Columbus, Ohio, seeking to block a vote on the
+  proposals and to invalidate GenCorp's defensive preferred share
+  purchase rights.
+      General Partners asked shareholders to either vote against
+  the proposals or abstain from voting on them.                  
+  
+
diff --git a/reuters/training/8205 b/reuters/training/8205
new file mode 100644
index 0000000000000000000000000000000000000000..2eb50982961090475bfe315aaadaaef402eeddf9
--- /dev/null
+++ b/reuters/training/8205
@@ -0,0 +1,25 @@
+USAIR <U> CUTS PIEDMONT <PIE> SHARES SOUGHT
+  USAir Group Inc said it has amended
+  its 69 dlr per share tender offer for shares of Piedmont
+  Aviation Inc to reduce the maximum number it will accept to
+  9,309,394. Previously it had sought all shares.
+      In a newspaper advertisement, USAir said the offer and
+  withdrawal rights have not been extended and will still expire
+  April 3, along with the new proration period.
+      On Friday, the U.S. Department of Transportation approved
+  USAir's acquisition of 51 pct of Piedmont. If USAir were to
+  acquire more than 51 pct in the tender, it would be required to
+  sell the excess within one week.
+      USAir said receipt of the 9,309,394 shares -- which is also
+  the minimum amount it will accept -- would give it a total of
+  about 61 pct of Piedmont shares currently outstanding and 50.1
+  pct on a fully diluted basis.
+      The company said even if the purchase of the 9,309,394
+  Piedmont shares caused it to exceed the 51 pct limit, USAir
+  would waive the condition to the offer that the Transportation
+  Department approve a voting trust agreement permitting USAir to
+  buy and hold shares under the offer pending review of USAir's
+  application to gain control of Piedmont, subject to the order
+  not being rescinded or modified in an adverse way.
+  
+
diff --git a/reuters/training/8206 b/reuters/training/8206
new file mode 100644
index 0000000000000000000000000000000000000000..34c83f52c750d6e2b4a0297bd0d71d0bd39dd18a
--- /dev/null
+++ b/reuters/training/8206
@@ -0,0 +1,14 @@
+NEW RUBBER PACT ADOPTED AT GENEVA CONFERENCE
+  Producers and consumers representing
+  most of world trade in natural rubber adopted a new
+  International Natural Rubber Agreement (INRA) aimed at
+  stabilizing world prices over the next five years.
+      Negotiations for a new INRA, to succeed the present one
+  which runs out next October, began nearly two years ago.
+      Agreement on the new five-year pact, which uses a buffer
+  stock to keep prices stable by selling or buying rubber as
+  rates rise or fall, was reached at a two-week session here
+  under the auspices of the United Nations Conference on Trade
+  and Development (UNCTAD).
+  
+
diff --git a/reuters/training/8209 b/reuters/training/8209
new file mode 100644
index 0000000000000000000000000000000000000000..be54463bbd5864074ae0b3e9773168338e287ec1
--- /dev/null
+++ b/reuters/training/8209
@@ -0,0 +1,16 @@
+STUDY SAYS OIL PRICE FALL SPURS BANKRUPTCIES
+  The sharp drop in world oil prices
+  the past year triggered a 60 pct increase in bankruptcies in
+  the country's oil states, according to a study released by the
+  American Petroleum Institute (API).
+      API said the Dunn and Bradstreet study found that business
+  failures rose nationally by 6.9 pct in 1986 over 1985, but in
+  the "oil patch" of the Southwest the increase was 59.9 pct.
+      It said bankruptcies in Texas were up 57.4 pct, Oklahoma,
+  55.9 pct, Colorado, 55.8 pct and Louisiana, 46.6 pct.
+      In Alaska, failures rose by 66.2 per cent, it said.
+      API also said that three of the states with the highest
+  number of bank failures last year were large oil and gas
+  producers - Texas, Oklahoma and Kansas.
+  
+
diff --git a/reuters/training/8210 b/reuters/training/8210
new file mode 100644
index 0000000000000000000000000000000000000000..df0b173c81957c0ae036e260888e8756c38159ca
--- /dev/null
+++ b/reuters/training/8210
@@ -0,0 +1,64 @@
+WORLD DEPENDENCY ON MIDEAST OIL SAID INEVITABLE
+  The world's dependency on the Mideast
+  as the source for its petroleum is growing and nothing is going
+  to stop it, Donald K. McIvor, an Exxon Corp <XON> Director and
+  senior vice president told Reuters in an interview.
+      "Non-OPEC production will begin to decline and the gap
+  between demand and supply will widen so that the trend to
+  increasing dependence on OPEC and the Middle East is
+  inevitable," McIvor said.
+      Decreased supplies will firm prices for crude oil but are
+  not likely to change a growing dependence, McIvor said.
+      McIvor, Exxon's senior vice president responsible for oil
+  and gas exploration and production said that dependence would
+  result from the Mideast's large spare capacity at a time when
+  the rest of the world consumes more oil than it was finding.
+      "Since 1970 we've been consuming oil at rates of 20-25
+  billion barrels per year while making new discoveries of only
+  about 10-15 bilion barrels per year," McIvor said.
+      "The bulk of the inventory and more than half of the
+  remaining proved reserves lies in the middle east which is
+  producing at much less than current capacity," he added.
+      McIvor said that of the some 30,000 oil fields discovered
+  so far only 37 "one-one thousandth of the total number contained
+  about 35 pct of all the oil ever discovered."
+      McIvor said, in response to a question, that he did not
+  believe there were any more "super giants", or oil fields with
+  reserves greater than five billion barrels, to be found which
+  would change the conclusion of the world's growing dependency.
+      "Of those 37 super giants only 11 lie outside the Middle
+  East. Only five of the 37 have been discovered in the past 20
+  years and only two of these lie outside the middle east
+  (Cantarell in Mexico and Alaska's North Slope)." McIvor said.
+      McIvor said that many of the large fields outside the U.S.
+  like Alaska's Prudhoe Bay and the North Sea were reaching a
+  peak and would soon begin to decline.
+      But the Exxon executive said that there were still plenty
+  of opportunities to be explored and developed outside of the
+  Middle east, particulartly in Canada, the North Sea, and
+  Australia and Africa.
+      McIvor said that decisions to explore and drill in those
+  areas would be depedent upon both the expectations of a higher
+  price of oil as well as the legal regime affecting the
+  companies.
+      "The ideal regime is a stable one not one where there is a
+  constant change in policies," McIvor said.
+      McIvor said he opposed import subsidies or tariffs used to
+  increase exploration as these only benefit one part of the
+  economy at the expense of other parts of the economy.
+      Asked about the options offered this week by U.S. Energy
+  Secretary Herrington to increase U.S. production McIvor said he
+  could not comment on subjects like the oil depletion allowance
+  now but "the thrust of his (Herrington) report is valid. It has
+  highlighted the growing dependency on the Middle east and the
+  need to increase U.S. production."
+      McIvor also said that he expected natural gas to play a
+  greater role in the future in meeting energy needs.
+      "Natural gas will have the opportunity to become an
+  increasingly important part of the worlkd's energy supply,"
+  McIvor said.
+      "Crude oil will be used more and more as a transportation
+  fuel and natural gas will be used more to generate heat, as an
+  industrial fuel," he added.
+  
+
diff --git a/reuters/training/8211 b/reuters/training/8211
new file mode 100644
index 0000000000000000000000000000000000000000..5aa08b2b7394c5baf113ee57ff192caf6d77809c
--- /dev/null
+++ b/reuters/training/8211
@@ -0,0 +1,12 @@
+S. AFRICAN CONSUMER PRICE INFLATION RISES SLIGHTLY
+  South African year-on-year consumer
+  price inflation rose slightly to 16.3 pct in February after
+  falling sharply to 16.1 pct in January from 18.1 pct in
+  December, Central Statistics Office figures show.
+      The monthly rise in the all items index (base 1980) was
+  1.09 pct to 251.0 in February after a 1.4 pct increase to 248.3
+  in January.
+      A year ago the index stood at 215.8 and year on year
+  consumer price inflation at 18.05 pct.
+  
+
diff --git a/reuters/training/8212 b/reuters/training/8212
new file mode 100644
index 0000000000000000000000000000000000000000..b6bb517361f039f3282d989b9b96242c9f81c2a7
--- /dev/null
+++ b/reuters/training/8212
@@ -0,0 +1,11 @@
+FINLAND FEBRUARY TRADE SURPLUS AT 641 MLN MARKKA
+  Finland had a 641 mln markka trade
+  surplus in February following an 80 mln markka surplus in
+  January and a 614 mln surplus in February 1986, Customs Board
+  preliminary figures showed.
+      Exports in February were 6.38 billion markka and imports
+  5.74 billion compared with exports of 6.72 billion and imports
+  of 6.64 billion in January and exports of 6.92 billion and
+  imports of 6.31 billion in February last year.
+  
+
diff --git a/reuters/training/8213 b/reuters/training/8213
new file mode 100644
index 0000000000000000000000000000000000000000..0dfd0321b9b102b1f8cc0f45b4d9b8f1861e7c72
--- /dev/null
+++ b/reuters/training/8213
@@ -0,0 +1,12 @@
+WEST GERMAN BARLEY, RAPE AFFECTED BY WINTER KILL
+  Winter kill has probably affected West
+  German winter barley and rapeseed to an above average degree
+  this season, West German grain trader Alfred C. Toepfer said in
+  its latest report.
+      It is too soon to assess the extent of the damage, but it
+  is likely that northern West German crops are particularly at
+  risk because of insufficient snow cover, it said.
+      The soil needs to warm up rapidly and moisture content must
+  improve to avoid further delays to spring field work, it added.
+  
+
diff --git a/reuters/training/8214 b/reuters/training/8214
new file mode 100644
index 0000000000000000000000000000000000000000..761babafd1082cedca34d275a45649af28818fe6
--- /dev/null
+++ b/reuters/training/8214
@@ -0,0 +1,16 @@
+N.Z. PORTS REOPEN, BUT FURTHER DISRUPTION LIKELY
+  New Zealand ports reopened at 0730
+  hrs local time (1930 GMT March 22) after being closed since
+  March 19 because of a strike over pay claims by watersiders, a
+  Waterside Federation spokesman said.
+      But industrial action by other port workers is likely to
+  cause further disruption, Harbour Workers union secretary Ross
+  Wilson told Reuters.
+      Wilson said his members are holding stopwork meetings this
+  morning to consider further stoppages over their pay claim.
+      The two disputes are not related.
+      Harbour Workers around the country went on strike for 24
+  hours on March 16, but Wilson said any further action will
+  occur on a port-by-port basis.
+  
+
diff --git a/reuters/training/8217 b/reuters/training/8217
new file mode 100644
index 0000000000000000000000000000000000000000..8a2b7cdb022534eb9e2a84e8f185f028a6e493be
--- /dev/null
+++ b/reuters/training/8217
@@ -0,0 +1,10 @@
+<MICROTEL INC> MAKES ACQUISITION
+  Microtel Inc said it has
+  completed the acquisition of <American Teledata Corp> and its
+  US Dial subsidiary, which provide long distance telephone
+  service in northeast Florida. Terms were not disclosed.
+      Microtel's shareholders include Norfolk Southern Corp
+  <NSC>, M/A-Com Inc <MAI>, Centel Corp <CNT>, Alltel Corp <AT>
+  and E.F. Hutton Group Inc <EFH>.
+  
+
diff --git a/reuters/training/8218 b/reuters/training/8218
new file mode 100644
index 0000000000000000000000000000000000000000..10461aeee1352d257e9850071264e76e48da767e
--- /dev/null
+++ b/reuters/training/8218
@@ -0,0 +1,5 @@
+JAMESWAY CORP SETS 2-FOR-1 STOCK SPLIT, UPS CASH PAYOUT 33 PCT
+
+  JAMESWAY CORP SETS 2-FOR-1 STOCK SPLIT, UPS CASH PAYOUT 33 PCT
+  
+
diff --git a/reuters/training/8219 b/reuters/training/8219
new file mode 100644
index 0000000000000000000000000000000000000000..b933c381216ce812531646b1b048504b6e998caa
--- /dev/null
+++ b/reuters/training/8219
@@ -0,0 +1,7 @@
+<AMERICAN VARIETY INTERNATIONAL INC> NINE MTHS
+  March 31, 1986 end
+      Shr loss seven cts vs loss 11 cts
+      Net loss 76,888 vs profit 106,885
+      Revs 752,234 vs 922,036
+  
+
diff --git a/reuters/training/8220 b/reuters/training/8220
new file mode 100644
index 0000000000000000000000000000000000000000..96a567b79d9c7f01031463173286096a0e8b94e9
--- /dev/null
+++ b/reuters/training/8220
@@ -0,0 +1,11 @@
+AMERICAN VARIETY ACQUISITION PACT TERMINATED
+  <American Variety International
+  Inc> said its agreement to acquire <First National
+  Entertainment Corp> has been terminated because First National
+  was not able to fulfill terms of the agreement.
+      It said due to protracted negotiations with First National,
+  several American Variety divisions were inoperative in 1986.
+      American Variety said it is reevaluating its record and
+  tape library for possible conversion to compact discs.
+  
+
diff --git a/reuters/training/8221 b/reuters/training/8221
new file mode 100644
index 0000000000000000000000000000000000000000..9dae0f34bfc8d84b99c91f6a9cbf8b010d420cd5
--- /dev/null
+++ b/reuters/training/8221
@@ -0,0 +1,11 @@
+JAMESWAY <JMY> SETS SPLIT, HIGHER CASH PAYOUT
+  Jamesway Corp said its board
+  declared a two for one stock split and increased the quarterly
+  cash dividend by 33 pct.
+      The company said the dividend on the pre-split shares was
+  increased to four cts from three cts.
+      It said both the split and the dividend are payable May 23
+  to holders of record April 20, adding the company will have
+  about 13,860,000 shares outstanding after the split.
+  
+
diff --git a/reuters/training/8222 b/reuters/training/8222
new file mode 100644
index 0000000000000000000000000000000000000000..a51cfcef7922dfea9b4cc49fae912e93f75ad56b
--- /dev/null
+++ b/reuters/training/8222
@@ -0,0 +1,25 @@
+HARPER/ROW <HPR> GETS EXPRESSIONS OF INTEREST
+  Harper and Row Publishers Inc said its
+  special committee of independent directors has received
+  expressions of interest from a considerable number of domestic
+  and foreign firms with respect to restructuring or acquisition
+  transactions with the company.
+      Winthrop Knowlton, chairman of special committee said "no
+  determination has been made by the full board as to any
+  transaction."
+      He said the special committee and Kidder Peabody and Co Inc
+  intend to engage in discussions with interested parties in an
+  effort to come to a conclusion in the near future.
+      Formation of the special committee was announced early last
+  week when Harper and Row said its board had taken no action on
+  two pending acquisition proposals.
+      At that time, directors also indefinately postponed a
+  planned special shareholders vote on a restructuring proposal
+  which would have created a Class B common with 10 votes a share
+  and limited transferability.
+      The acquisition proposals had come from Theodore L. Cross,
+  owner of about six pct of the company's stock who offered 34
+  dlrs a share, and Harcourt Brace Jovanovich Inc <HBJ>, which
+  offered 50 dlrs a share.
+  
+
diff --git a/reuters/training/8223 b/reuters/training/8223
new file mode 100644
index 0000000000000000000000000000000000000000..97f887bed321ef104a5eaaffd1d00b79a60338ec
--- /dev/null
+++ b/reuters/training/8223
@@ -0,0 +1,5 @@
+HUMANA INC 2ND QTR SHR 44 CTS VS 54 CTS
+
+  HUMANA INC 2ND QTR SHR 44 CTS VS 54 CTS
+  
+
diff --git a/reuters/training/8224 b/reuters/training/8224
new file mode 100644
index 0000000000000000000000000000000000000000..16a9aaeea55d15886b122ea8151e0b315008966d
--- /dev/null
+++ b/reuters/training/8224
@@ -0,0 +1,16 @@
+FRUIT/LOOM <FTL> TO SELL UNIT FOR 145 MLN DLRS
+  Fruit of the Loom Inc said it agreed to
+  sell its General Battery Corp subsidiary to Exide Corp for
+  about 145 mln dlrs in cash.
+      The proposed sale will complete Fruit of the Loom's
+  previously announced plan to divest itself of unrelated
+  businesses.
+      Proceeds from the proposed transaction are more than the
+  price projected in the company's recent initial public
+  offering, it said.
+      Completion of the transaction is subject to a definitive
+  agreement, regulatory approvals, financing and certain other
+  conditions and is expected to close May one, 1987, the company
+  said.
+  
+
diff --git a/reuters/training/8225 b/reuters/training/8225
new file mode 100644
index 0000000000000000000000000000000000000000..0c131019ca795f0e7f7c28ea66296ba5514a2e25
--- /dev/null
+++ b/reuters/training/8225
@@ -0,0 +1,33 @@
+CITYQUEST MAKES 120 MLN STG BID FOR WICKES
+  <Cityquest Plc>, a newly formed company,
+  is making a recommended 120 mln stg offer for builders
+  merchants and DIY (do-it-yourself) company <Wickes Plc>, Wickes
+  said in a statement.
+      Undertakings to accept what is effectively a management
+  buyout have been accepted by holders of 88.9 pct of the shares.
+      The statement said the offer was due to a decision by
+  Wickes International Corp, a member of the U.S. Wickes
+  Companies <WIX.A> Inc group, which holds an 80.5 pct stake, to
+  realise much of its investment.
+      The offer would enable Wickes to become fully independent
+  and once the bid succeeded all the Wickes directors would
+  become members of the Cityquest board.
+      The offer will be of 345p cash for every Wickes share.
+  Wickes was last quoted at 345p compared with 275p at Friday's
+  close.
+      Wickes shareholders will also have the option of taking one
+  Cityquest share or 205p in loan notes for every 205p of the
+  cash consideration.
+      Henry Sweetbaum is chairman and chief executive of both
+  Cityquest and Wickes, and it was intended that Cityquest's name
+  would be changed to Wickes in due course.
+      Wickes came to the U.K. Unlisted Securities Market in
+  January, 1986 with a capitalisation of about 96 mln stg.
+      Cityquest has a fully paid share capital of one mln stg. S
+  G Warburg Securities has organised commitments from a group of
+  investors to subscribe for 65 mln stg in shares and 28.2 mln
+  stg in subordinated convertible loan stock. Lead investor is
+  Investors in Industry Plc
+      Cityquest also has loan facilities of 30 mln stg.
+  
+
diff --git a/reuters/training/8226 b/reuters/training/8226
new file mode 100644
index 0000000000000000000000000000000000000000..abc079e795b778585b1a18d8f0cbeb8f88fee1ac
--- /dev/null
+++ b/reuters/training/8226
@@ -0,0 +1,10 @@
+HUMANA INC <HUM> 2ND QTR FEB 28 NET
+  Shr 44 cts vs 54 cts
+      Net 42.9 mln vs 53.7 mln
+      Revs 983.3 mln vs 858.8 mln
+      Six mths
+      Shr 85 cts vs 1.11 dlrs
+      Net 83.1 mln vs 109.8 mln
+      Revs 1.91 billion vs 1.66 billion
+  
+
diff --git a/reuters/training/8227 b/reuters/training/8227
new file mode 100644
index 0000000000000000000000000000000000000000..9dd2f126ff8fa109a38bb01e0e680efef6859b01
--- /dev/null
+++ b/reuters/training/8227
@@ -0,0 +1,7 @@
+WINCHELL'S DONUT <WDH> SETS INITIAL QUARTERLY
+  Winchell's Donut Houses LP
+  said it has declared an initial quarterly dividend of 45 cts
+  per unit on Class A and Class B limited partnership units,
+  payable May 29 to holders of record March 31.
+  
+
diff --git a/reuters/training/8229 b/reuters/training/8229
new file mode 100644
index 0000000000000000000000000000000000000000..34503587d3d989e60ee40008aa9810e6bf676bba
--- /dev/null
+++ b/reuters/training/8229
@@ -0,0 +1,21 @@
+TRITON GROUP LTD <TRRO> 4TH QTR JAN 31 NET
+  Oper shr profit nil vs loss nil
+      Oper net profit 671,000 vs loss 138,000
+      Sales 104.3 mln vs 70.8 mln
+      Avg shrs 101.2 mln vs 66.8 mln
+      Year
+      Oper shr profit six cts vs profit five cts
+      Oper net profit 6,309,000 vs profit
+      5,144,000
+      Sales 349.8 mln vs 303.4 mln
+      Avg shrs 85.0 mln vs 76.3 mln
+      NOTE: Net excludes discontinued operations nil vs gain
+  196,000 dlrs in quarter and loss 293,000 dlrs vs gain 407,000
+  dlrs in year.
+      Net excludes tax loss carryforward 1,423,000 dlrs vs
+  reversal of tax credit 625,000 dlrs in quarter and credits
+  5,437,000 dlrs vs 7,261,000 dlrs in year.
+      Results include U.S. Press Inc from November Three
+  acquisition.
+  
+
diff --git a/reuters/training/8234 b/reuters/training/8234
new file mode 100644
index 0000000000000000000000000000000000000000..6cf7d7c46b3e4c1dd3b771b69cd7f356ff17bdae
--- /dev/null
+++ b/reuters/training/8234
@@ -0,0 +1,16 @@
+NIGERIA CHANGES AUCTION RULES TO DEFEND NAIRA
+  Nigeria's Central Bank has changed the
+  rules governing its foreign exchange auctions in what analysts
+  see as a means of defending the naira currency, which has
+  depreciated steadily.
+      The bank said in a statement that from April 2, banks
+  bidding for foreign exchange would have to pay at the rate they
+  offered and not, as presently, at the rate of the lowest
+  successful bid made at the auction.
+      This should discourage banks from bidding high to ensure
+  that they were successful while paying the lower "marginal" rate,
+  analysts said.
+      The Central Bank also announced the auctions would be
+  fortnightly, not weekly, beginning on April 2.
+  
+
diff --git a/reuters/training/8236 b/reuters/training/8236
new file mode 100644
index 0000000000000000000000000000000000000000..801172d4a0bcef31941a0b10e0760afd92c1e787
--- /dev/null
+++ b/reuters/training/8236
@@ -0,0 +1,11 @@
+AAR CORP <AIR> 3RD QTR FEB 28 NET
+  Shr 37 cts vs 32 cts
+      Net 3,892,000 vs 2,906,000
+      Sales 71.8 mln vs 64.5 mln
+      Nine mths
+      Shr 1.08 dlrs vs 91 cts
+      Net 10,946,000 vs 8,206,000
+      Sales 214.1 mln vs 179.4 mln
+      Avg Shrs 10.5 mln vs 9.1 mln
+  
+
diff --git a/reuters/training/8240 b/reuters/training/8240
new file mode 100644
index 0000000000000000000000000000000000000000..0c98c15c2a4f44beba2b054434b5a2c3cab71f74
--- /dev/null
+++ b/reuters/training/8240
@@ -0,0 +1,17 @@
+GATT MEETING HEARS PLEA FOR AFRICAN DEBT RELIEF
+  Debt among African
+  countries will continue to grow and their economies will remain
+  stifled unless developed countries lower their interest rates,
+  Nigerian Trade Minister Samaila Mamman said today.
+      He told an informal meeting of the General Agreement on
+  Tariffs and Trade the widening gap between industrialized and
+  developing countries and an unfair international economic
+  system were major obstacles to growth in developing countries.
+      "I wish to emphasize that the growth in the volume of the
+  external indebtedness of African countries reflects the full
+  effect of the deflationary monetary and trade policies of the
+  developed market economy countries," Mamman said.
+      Delegates from 23 countries are attending the talks of the
+  world trade body in the New Zealand resort of Taupo.
+  
+
diff --git a/reuters/training/8244 b/reuters/training/8244
new file mode 100644
index 0000000000000000000000000000000000000000..23d84cb8b529f58d3c246bf726b9127bb44c5361
--- /dev/null
+++ b/reuters/training/8244
@@ -0,0 +1,17 @@
+JAPAN SAYS IT TRYING TO EXPAND DOMESTIC DEMAND
+  Japan has assured a meeting
+  of trade ministers it is making every effort to expand domestic
+  demand and restructure its economy.
+      Japanese trade representative Tsomu Hata told an informal
+  General Agreement on Tariffs and Trade (GATT) meeting that, in
+  addition to demand boosting measures adopted last September, a
+  comprehensive economic program will be prepared after the
+  1987/88 budget is approved.
+      Hata, speaking at the first session of the two-day meeting,
+  said agriculture is no exception to the goal of restructuring
+  the economy, but did not elaborate.
+      Hata said protectionist pressures in the international
+  economy are as strong as ever, reflecting financial deficits,
+  payment imbalances and serious unemployment in many countries.
+  
+
diff --git a/reuters/training/8245 b/reuters/training/8245
new file mode 100644
index 0000000000000000000000000000000000000000..4ad4c0d35e29bc0e297d1ce2fe8605fee54d27e6
--- /dev/null
+++ b/reuters/training/8245
@@ -0,0 +1,5 @@
+SUPERMARKETS GENERAL CORP 4TH QTR 50 CTS VS 52 CTS
+
+  SUPERMARKETS GENERAL CORP 4TH QTR 50 CTS VS 52 CTS
+  
+
diff --git a/reuters/training/8246 b/reuters/training/8246
new file mode 100644
index 0000000000000000000000000000000000000000..8780a1b78b81f81e1140b407c4cf989cd1f936d5
--- /dev/null
+++ b/reuters/training/8246
@@ -0,0 +1,11 @@
+WEST GERMAN SHIP SINKS OFF WEST AFRICA
+  The West German-registered motor
+  vessel Stefan E. Sank off the West African coast early today
+  and one of its eight crew members was killed, a Spanish navy
+  spokesman said.
+      He said the captain of the Singapore-registered tanker Nord
+  Pacific reported in a radio message that he had picked up the
+  remaining seven crewmen of the 2,223 tonnes dw Stefan E.,
+  Together with the body of the dead man.
+  
+
diff --git a/reuters/training/8247 b/reuters/training/8247
new file mode 100644
index 0000000000000000000000000000000000000000..637b729405871a0fc4ef0037735641450911b399
--- /dev/null
+++ b/reuters/training/8247
@@ -0,0 +1,12 @@
+U.K. MONEY MARKET GIVEN FURTHER 485 MLN STG HELP
+  The Bank of England said it had given
+  the money market a further 485 mln stg assistance in the
+  afternoon session. This takes the Bank's total help so far
+  today to 582 mln stg and compares with its forecast of a 750
+  mln stg shortage in the system today.
+      The central bank bought bank bills outright comprising 345
+  mln stg in band one at 9-7/8 pct and 75 mln stg in band two at
+  9-3/16 pct. It also purchased 65 mln stg of treasury bills in
+  band one at 9-7/8 pct.
+  
+
diff --git a/reuters/training/8252 b/reuters/training/8252
new file mode 100644
index 0000000000000000000000000000000000000000..38d3ecb89b19c714efc25cccb55ae7c9ebd904d9
--- /dev/null
+++ b/reuters/training/8252
@@ -0,0 +1,63 @@
+JAPAN IN LAST DITCH EFFORT TO SAVE CHIP PACT
+  Japan has launched a last-ditch effort to
+  salvage its computer micro-chip pact with the United States -
+  sending a letter to top American policy makers setting out its
+  case and instructing its producers to cut output further.
+      "We must make our utmost effort to ward off any catastrophe,"
+  Ministry of International Trade and Industry (MITI) Deputy
+  Director General Masaji Yamamoto told reporters.
+      "If hasty action is taken in the United States, it will
+  create very serious problems."
+      The Reagan Administration's Economic Policy is expected to
+  meet Thursday to review Japanese compliance with the bilateral
+  agreement hammered out last year. Under the pact, Tokyo agreed
+  to stop selling cut-price chips in world markets and to
+  increase its imports of American semiconductors.
+      Washington has accused Japan of reneging on the deal by
+  selling low priced chips in Asia and by failing to boost
+  American imports, and has threatened to take retaliatory
+  action.
+      In an effort to save the agreement, MITI is asking Japanese
+  chip makers to limit production in the hope that will boost
+  domestic demand and reduce the incentive to export.
+      Yamamoto said that Japan will slash output of 256 kilobit
+  dynamic random access and erasable programmable read only
+  memory chips by 11 pct in the second quarter. This follows a
+  cutback of more than 20 pct in the first three months of the
+  year.
+      He said the cutbacks were already drying up the supply of
+  chips available for export through unregulated distributors in
+  the so-called grey market.
+      "We have almost no grey market," he said. "Supply is
+  diminishing."
+      To help ensure that the cutbacks are implemented, MITI
+  called in the president of Japan's largest semiconductor maker,
+  NEC Corp <NIPN.T> last week, he said. It is also issuing
+  specific instructions on production to the Japanese subsidiary
+  of <Texas Instruments Inc>.
+      Trade and Industry Minister Hajime Tamura spelled out the
+  steps Japan was taking to salvage the pact and appealed for
+  U.S. Understanding in a letter to top American policy makers.
+      The letter was sent today to U.S. Secretary of State George
+  Schultz, Treasury Secretary James Baker, Commerce Secretary
+  Malcolm Baldrige and U.S. Trade Representative Clayton Yeutter.
+      The four, who make up the Economic Policy Council, are
+  expected to consider evidence presented by U.S. Chip maker
+  Micron Technology Inc <DRAM.O> of cut-price Japanese sales in
+  Hong Kong.
+      Yamamoto admitted that <Oki Electric Industry Co>'s Hong
+  Kong subsidiary had sold chips at an inappropriate level but
+  denied that it was dumping chips at rock-bottom prices.
+      "If the United States uses this as proof of dumping...We
+  will present our rebuttal," he said.
+      The sales though were inappropriate in the light of MITI's
+  advice to semiconductor makers to sell chips at well above
+  production costs to avoid any hint of dumping, he said.
+      He also called the case "strange," but he stopped short of
+  endorsing Japanese newspaper accusations that Oki had been
+  trapped into making the sales. He did say though that Micron
+  publicized the invoice documenting the sales on the same day
+  they were made and that Oki was unable to locate the person who
+  had bought the chips when it tried to buy them back last week.
+  
+
diff --git a/reuters/training/8253 b/reuters/training/8253
new file mode 100644
index 0000000000000000000000000000000000000000..fcd4901d02a4f87a08fcc723ef9ddcfe46930932
--- /dev/null
+++ b/reuters/training/8253
@@ -0,0 +1,5 @@
+AMERICAN MOTORS CORP GETS QUALIFIED AUDIT ON 1986 FINANCIAL STATEMENTS
+
+  AMERICAN MOTORS CORP GETS QUALIFIED AUDIT ON 1986 FINANCIAL STATEMENTS
+  
+
diff --git a/reuters/training/8254 b/reuters/training/8254
new file mode 100644
index 0000000000000000000000000000000000000000..bb2672edfad258282461dc09f39e2b17c6120524
--- /dev/null
+++ b/reuters/training/8254
@@ -0,0 +1,6 @@
+<ST . CLAIR PAINT AND WALLPAPER CORP> YEAR NET
+  Shr 66 cts vs 55 cts
+      Net 2,422,000 vs 1,906,000
+      Revs 59.3 mln vs 47.4 mln
+  
+
diff --git a/reuters/training/8255 b/reuters/training/8255
new file mode 100644
index 0000000000000000000000000000000000000000..d9084ece0874d1223905279d2d2619254007bd79
--- /dev/null
+++ b/reuters/training/8255
@@ -0,0 +1,8 @@
+ALCO STANDARD <ASN> COMPLETES ACQUISITION
+  Delta Business Systems Inc said
+  it has completed a previously-announced merger into Alco
+  Standard Corp.
+      Delta said it expects sales of about 30 mln dlrs for the
+  year ending in April.
+  
+
diff --git a/reuters/training/8257 b/reuters/training/8257
new file mode 100644
index 0000000000000000000000000000000000000000..b3afc2570babba1a9801e3e820faf682d0401307
--- /dev/null
+++ b/reuters/training/8257
@@ -0,0 +1,22 @@
+RAINS PROMISE BOUNTIFUL CROPS IN ETHIOPIA
+  Rain over wide areas has raised the
+  prospect of good food crops throughout Ethiopia, which suffered
+  a disastrous drought and famine two years ago.
+      Aweke Aynalem, head of the government's Agriculture
+  Development Department, told reporters prospects were good for
+  attaining the target of 250,000 tonnes of grain in the present
+  growing season, one of two each year in Ethiopia.
+      Normal crop production in Ethiopia is about 648,000 tonnes
+  a year, of which 250,000 tonnes are produced from the "belg"
+  (small) rains which fall at this time of year.
+      The belg rains are used to plant quick-maturing crops like
+  maize and barley. Any shortfall during this period affects
+  production in the main rainy season, because farmers eat their
+  stocks of seed.
+      Aweke said peasants in Wello, Tigre and Hararghe -- regions
+  which suffered severely from drought -- were now able to sow
+  their crops because of the favourable rains.
+      The government had distributed large quantities of seed and
+  fertiliser, and the rains should ensure a good crop.
+  
+
diff --git a/reuters/training/8258 b/reuters/training/8258
new file mode 100644
index 0000000000000000000000000000000000000000..86a8d1290e684f33befd169706ca3cb9a4c4b4c1
--- /dev/null
+++ b/reuters/training/8258
@@ -0,0 +1,32 @@
+AMERICAN MOTORS <AMO> STATEMENT QUALIFIED
+  American Motors Corp said its auditors
+  qualified the company's 1986 financial report.
+      The report was qualified due to uncertainties surrounding
+  the previously announced arbitration award against American
+  Motors' former subsidiary, AM General Corp. The award is being
+  contested.
+      The report was filed today with the Securities and Exchange
+  Commission along with a copy of Chrysler Corp's <C> proposal to
+  take over American Motors.
+      American Motors said earlier than an arbitration award,
+  made to Emerson Electric Co <EMR> in February, amounted to 60
+  mln dlrs plus legal expenses. American Motors has challenged
+  the award.
+      The automaker sold the AM General unit to LTV Corp <QLTV>
+  in 1983, the same year it was awarded a five-year, 1.2 billion
+  dlr procurement contract with the military. LTV and AM General
+  last year sought protection under Chapter 11.
+      The arbitration proceeding was called after Emerson
+  Electric charged AM General violated an agreement covering the
+  development of certain components in the contract.
+      The components were for the military's "High Mobility
+  Multi-Purpose Wheeled Vehicle" (HMMWV), American Motors said.
+      In selling AM General to LTV, American Motors agreed to
+  indemnify LTV against losses incurred by LTV resulting from the
+  Emerson Electric claims.
+      AMC also said the award has not been confirmed by a court,
+  and faces additional legal challenges. It said that, because of
+  the LTV and Am General reorganizations, the final amount of a
+  confirmed award and the amount of any loss to LTV is uncertain.
+  
+
diff --git a/reuters/training/8259 b/reuters/training/8259
new file mode 100644
index 0000000000000000000000000000000000000000..9943a37f55558f67dfd98cda60df823da2b39a8d
--- /dev/null
+++ b/reuters/training/8259
@@ -0,0 +1,14 @@
+ANACOMP <AAC> GETS FUNDS TO BUY DATAGRAPHIX
+  Anacomp Inc said it
+  finalized the financing of its 128 mln dlrs purchase of
+  DatagraphiX Inc from General Dynamics Corp <GD>.
+      The financing, arranged by Drexel Burnham Lambert, consists
+  of 90 mln dlrs of bank financing, the private placement of 71
+  mln dlrs of senior subordinated notes and 25 mln dlrs of
+  convertible preferred stock, it said.
+      DatagraphiX, a manufacturer of microgrpahics equipment has
+  been merged into Anacomp and will be operated as a separate
+  division, Anacomp said.  The division is expected to improve
+  results for Anacomp this year.
+  
+
diff --git a/reuters/training/8262 b/reuters/training/8262
new file mode 100644
index 0000000000000000000000000000000000000000..60ed8445688065a0acfa695d9a9108e01e1cb939
--- /dev/null
+++ b/reuters/training/8262
@@ -0,0 +1,25 @@
+SUPERMARKETS GENERAL CORP <SGL> 4TH QTR JAN 31
+  Oper shr 50 cts vs 52 cts
+      Oper net 19.2 mln vs 18.8 mln
+      Sales 1.43 billion vs 1.30 billion
+      Avg shrs 38.6 mln vs 36.0 mln
+      Year
+      Oper shr 1.65 dlrs vs 1.73 dlrs
+      Oper net 62.7 mln vs 61.8 mln
+      Sales 5.51 billion vs 4.96 billion
+      Avg shrs 38.1 mln vs 35.8 mln
+      NOTES: Sales are from continuing operations
+      Operating net excludes results from discontinued operations
+  of nil vs profit 2,815,000 dlrs, or eight cts a share, in
+  quarter and loss 308,000 dlrs, or one cent a share, vs profit
+  1,880,000 dlrs, or five cts a share, in year
+      Latest year operating net also excludes loss of 1,536,000
+  dlrs, or four cts a share, on disposal of discontinued
+  department store segment
+      Share data adjusted to reflect two-for-one stock split paid
+  to holders of record August 1, 1986
+      Operating net includes pre-tax LIFO credit 700,000 dlrs vs
+  credit 2.0 mln dlrs in quarter and charge 2.8 mln dlrs vs
+  charge 4.9 mln dlrs in year
+  
+
diff --git a/reuters/training/8264 b/reuters/training/8264
new file mode 100644
index 0000000000000000000000000000000000000000..577c148b207f44d2c1c12fcdc7ddf73f245e0376
--- /dev/null
+++ b/reuters/training/8264
@@ -0,0 +1,9 @@
+ENERGY FACTORS <EFAC> TO BUY ALLIED <ALD> UNITS
+  Energy Factors Inc said it has signed
+  an agreement to acquire GWF Power Systems Co and Combustion
+  Power Co Inc from Allied-Signal Inc for undisclosed terms.
+      The two Allied units operate and are developing
+  cogeneration projects and small petroleum-coke fueled power
+  plants.
+  
+
diff --git a/reuters/training/8269 b/reuters/training/8269
new file mode 100644
index 0000000000000000000000000000000000000000..fd20b9931c93410993d9a9e8f238c8578bc96b56
--- /dev/null
+++ b/reuters/training/8269
@@ -0,0 +1,6 @@
+RYLAND GROUP INC <RYL> SETS QUARTERLY
+  Qtly div 10 cts vs 10 cts prior
+      Pay April 30
+      Record April 15
+  
+
diff --git a/reuters/training/8270 b/reuters/training/8270
new file mode 100644
index 0000000000000000000000000000000000000000..ae69bed8d1ff999b074dd8026ca2f674be89a624
--- /dev/null
+++ b/reuters/training/8270
@@ -0,0 +1,6 @@
+H.B. FULLER CO <FULL> 1ST QTR FEB 28 NET
+  Shr 38 cts vs 30 cts
+      Net 3,649,000 vs 2,789,000
+      Sales 137.4 mln vs 119.2 mln
+  
+
diff --git a/reuters/training/8273 b/reuters/training/8273
new file mode 100644
index 0000000000000000000000000000000000000000..7159c6e1273cd0c9256cf54fb9a73b0cf0ea5cb8
--- /dev/null
+++ b/reuters/training/8273
@@ -0,0 +1,17 @@
+MARKET LOAN COULD BE PINNED TO U.S. TRADE BILL
+  Sen. David Pryor, D-Ark., said
+  he was considering amending the Senate Finance Committee's
+  trade bill with a provision to require a marketing loan for
+  soybeans, corn and wheat.
+      Pryor told the Futures Industry Association that there was
+  great reluctance among members of the Senate Agriculture
+  Committee to reopen the 1985 farm bill, and that a marketing
+  loan might have a better chance in the Finance panel.
+      The Arkansas senator said the marketing loan -- which in
+  effect allows producers to pay back their crop loans at the
+  world price -- had led to a 300 pct increase in U.S. cotton
+  exports in 14 months and a 72 pct increase in rice exports.
+      Pryor serves on both the Senate Finance and Agriculture
+  Committees.
+  
+
diff --git a/reuters/training/8275 b/reuters/training/8275
new file mode 100644
index 0000000000000000000000000000000000000000..73bb461d7ba068b634ece90cc43cb0230627e43b
--- /dev/null
+++ b/reuters/training/8275
@@ -0,0 +1,13 @@
+COOPER DEVELOPMENT CO <BUGS> 1ST QTR JAN 31 NET
+  Shr profit seven cts vs loss 16 cts
+      Net profit 2,144,000 vs loss 4,110,000
+      Sales 121.3 mln vs 20.3 mln
+      Avg shrs 29.4 mln vs 25.3 mln
+      NOTE: Current year net includes pretax gain on sale of
+  product line of 11.4 mln dlrs and charge 4,711,000 dlrs posttax
+  on expensing of a portion of unamorized debt issuance costs of
+  unit.
+      Current year results include Technicon Corp, acquired in
+  August 1986.
+  
+
diff --git a/reuters/training/8276 b/reuters/training/8276
new file mode 100644
index 0000000000000000000000000000000000000000..10bd59f8c03c314e1c305442d7d8d8b712fed3bc
--- /dev/null
+++ b/reuters/training/8276
@@ -0,0 +1,11 @@
+CITIZENS GROWTH <CITGS> OMITS QUARTERLY DIVIDEND
+  Citizens Growth Properties said
+  it ommitted its regular quartelry dividend as a result of
+  decreased earnings, principally attributable to the default by
+  a borrower of the trust's laargest mortgage loan.
+      The trust last paid 12 cts on January 28.
+      The trust said it also reaffirmed a limited share
+  repurchase program subject to available cash flow in light of
+  the defaulted mortgage.               
+  
+
diff --git a/reuters/training/8279 b/reuters/training/8279
new file mode 100644
index 0000000000000000000000000000000000000000..9eb5615a7b36d8e5721016dc759b9c90e5363441
--- /dev/null
+++ b/reuters/training/8279
@@ -0,0 +1,5 @@
+PATRICK PETROLUEM HAS DEFINITIVE ACCORD TO BUY BAYOU RESOURCES
+
+  PATRICK PETROLUEM HAS DEFINITIVE ACCORD TO BUY BAYOU RESOURCES
+  
+
diff --git a/reuters/training/828 b/reuters/training/828
new file mode 100644
index 0000000000000000000000000000000000000000..17254b2a86900317d42a7299d4cf7c734860ed40
--- /dev/null
+++ b/reuters/training/828
@@ -0,0 +1,6 @@
+PETROLITE CORP <PLIT> SETS PAYOUT
+  Qtly dividend 28 cts vs 28 cts
+      Pay April 24
+      Record April 10
+  
+
diff --git a/reuters/training/8286 b/reuters/training/8286
new file mode 100644
index 0000000000000000000000000000000000000000..a0838fdc66577d692a4683d3587d0fc4c3f4398e
--- /dev/null
+++ b/reuters/training/8286
@@ -0,0 +1,10 @@
+DYNAMIC HOMES INC <DYHM> 4TH QTR NET
+  Shr profit 0.2 cts vs loss 2.2 cts
+      Net profit 2,900 vs loss 43,500
+      Sales 1,660,000 vs 950,000
+      Year
+      Shr loss 30 cts vs loss 37 cts
+      Net loss 578,900 vs 713,300
+      Sales 5,112,100 vs 3,659,600
+  
+
diff --git a/reuters/training/8287 b/reuters/training/8287
new file mode 100644
index 0000000000000000000000000000000000000000..b90213162e13c17d6944a132e96ee3ecc928ba2d
--- /dev/null
+++ b/reuters/training/8287
@@ -0,0 +1,10 @@
+SAFEGUARD SCIENTIFIC <SFE> UNIT BUYS SUBSIDIARY
+  Safeguard Scientific Inc
+  said its subsidiary, Coherent Communications Systems Corp,
+  purchased a telecommunications equipment business for an
+  undisclosed amount of cash, notes and Coherent common stock.
+      Safeguard said it bought the business unit from Comsat
+  TeleSystems Inc, a subsidiary of Communications Satellite Corp
+  <CQ>.
+  
+
diff --git a/reuters/training/8288 b/reuters/training/8288
new file mode 100644
index 0000000000000000000000000000000000000000..02f14552a8f09d7e64c9f97a943b93da530bd348
--- /dev/null
+++ b/reuters/training/8288
@@ -0,0 +1,14 @@
+PATRICK PETROLEUM <PPC> TO BUY BAYOU
+  Patrick Petroleum Co said it
+  signed a definitive agreement to buy Bayou Resources Inc.
+      As previously announced, the transaction is valued at about
+  8.8 mln dlrs, including 2.8 mln dlrs in debt.
+      Under the agreement, Patrick will pay six dlrs per share
+  for each Bayou share, with additional value being given for
+  Bayou's preferred and options. Bayou has 827,000 shares out.
+      Depending upon the results of the re-evaluation of a
+  significant Bayou well as of Jan. 1, 1988, Bayou stockholders
+  may receive up to an additional two mln dlrs in stock and cash,
+  which has not been included in the 8.8 mln dlrs.
+  
+
diff --git a/reuters/training/8289 b/reuters/training/8289
new file mode 100644
index 0000000000000000000000000000000000000000..983b5140d40c93f1abb06938cc643dd3480e2a79
--- /dev/null
+++ b/reuters/training/8289
@@ -0,0 +1,14 @@
+WESTWORLD COMMUNITY HEALTH <WCHI> 4TH QTR LOSS
+  Shr loss 15.23 dlrs vs profit 12 cts
+      Net loss 124,634,000 vs profit 882,000
+      Revs 38.4 mln vs 41.0 mln
+      Year
+      Shr loss 15.46 dlrs vs profit 48 cts
+      Net loss 126,434,000 vs profit 3,555,000
+      Revs 187.0 mln vs 133.2 mln
+      Avg shrs 8,177,000 vs 7,450,000
+      Note: Current year results include charges related to
+  closing or divestitures of facilities and other assets.
+      Full name Westworld Community Healthcare Inc.
+  
+
diff --git a/reuters/training/829 b/reuters/training/829
new file mode 100644
index 0000000000000000000000000000000000000000..fb30a98939da50f55f846478521d70403e93ac05
--- /dev/null
+++ b/reuters/training/829
@@ -0,0 +1,34 @@
+NYMEX TO SUBMIT PROPANE PROPOSAL TO CFTC
+  The New York Mercantile Exchange expects
+  to submit a propane futures contract for federal regulatory
+  approval within a few days, according to an exchange
+  spokeswoman.
+      As previously announced, the Board of Governors of the
+  exchange approved the contract last month. The exchange will
+  now submit the contract to the Commodity Futures Trading
+  Commission, according to the spokeswoman.
+      Contract specifications will resemble those of heating oil
+  and gasoline futures. The contract size will be 1,000 barrels,
+  or 42,000 U.S. gallons.
+      The minimum price fluctuation for the propane futures
+  contract will be  0.01 cent per gallon, or 4.20 dlrs a barrel,
+  according to the exchange.
+      The maximum daily price limit will be two cts a gallon on
+  all contracts except spot. Trading will terminate on the last
+  business day of the month preceding the delivery month.
+      The exchange said delivery will be F.O.B from the seller's
+  pipeline, storage, or fractionation facility in Mont Belvieu,
+  Texas, which has a direct pipeline access to the Texas Eastern
+  Transmission Pipeline (TET) in Mont Beliview.
+      Delivery method will be by in-line or in-well transfer,
+  inter-facility transfer or pumpover, or book transfer and
+  cannot be done earlier than the tenth calendar day of the
+  delivery month, according to the exchange. Deliveries must be
+  completed no later than two business days prior to the end of
+  the delivery month.
+      Buyers taking delivery of the propane must pay the seller
+  by certified check and the deadline for payment is 1200 EST
+  (noon) of the second business day following receipt of the
+  propane.
+  
+
diff --git a/reuters/training/8291 b/reuters/training/8291
new file mode 100644
index 0000000000000000000000000000000000000000..59294bd75865fd85e5fd42cd882f6203b784c887
--- /dev/null
+++ b/reuters/training/8291
@@ -0,0 +1,14 @@
+KINGS ROAD ENTERTAINMENT INC <KREN> 3RD QTR NET
+  Shr loss seven cts vs loss 64 cts
+      Net loss 367,000 vs 3,009,000
+      Revs 2,516,000 vs 8,787,000
+      Avg shrs 4,941,000 vs 4,714,000
+      Nine mths
+      Shr loss 73 cts vs loss 1.17 dlrs
+      Net loss 3,545,000 vs loss 4,573,000
+      Revs 6,788,000 vs 13.3 mln
+      Avg shrs 4,856,000 vs 3,908,000
+      NOTE: Prior year net includes tax credits of 63,000 dlrs in
+  quarter and 1,395,000 dlrs in nine mths.
+  
+
diff --git a/reuters/training/8292 b/reuters/training/8292
new file mode 100644
index 0000000000000000000000000000000000000000..11446ac5936c41492173db757a58e4c9d9991750
--- /dev/null
+++ b/reuters/training/8292
@@ -0,0 +1,12 @@
+PAYCHEX INC <PAYX> 3RD QTR FEB 28 NET
+  Shr 13 cts vs 10 cts
+      Net 1,109,000 vs 875,000
+      Revs 16.6 mln vs 13.2 mln
+      Nine mths
+      Shr 44 cts vs 33 cts
+      Net 3,770,000 vs 2,851,000
+      Revs 46.9 mln vs 36.9 mln
+      NOTE: Share adjusted for three-for-two stock split in June
+  1986.
+  
+
diff --git a/reuters/training/8293 b/reuters/training/8293
new file mode 100644
index 0000000000000000000000000000000000000000..ea117c6adfc9e7f8def13efa8bef3935e350b257
--- /dev/null
+++ b/reuters/training/8293
@@ -0,0 +1,8 @@
+IC INDS <ICX> TO SELL CERTAIN ASSETS TO MLX 
+  IC Industries Inc said its Abex Corp
+  subsidiary agreed to sell its sintered friction materials
+  business in Italy to Troy, Michigan-based MLX Corp, for
+  undisclosed terms.  Completion of the proposed transaction is
+  subject to approval by the Italian government, it said.
+  
+
diff --git a/reuters/training/8294 b/reuters/training/8294
new file mode 100644
index 0000000000000000000000000000000000000000..8278136f4f6073261a1e5a724334a9c1dce8476c
--- /dev/null
+++ b/reuters/training/8294
@@ -0,0 +1,8 @@
+RELIABLE LIFE INSURANCE CO <RLIFA> YEAR NET
+  Shr 4.87 dlrs vs 2.21 dlrs
+      Net 14.6 mln vs 6,639,540
+      NOTE: 1986 net includes gain 2,578,887 dlrs from chjange in
+  accounting for pension plans and investment gaions of over
+  three mln dlrs.
+  
+
diff --git a/reuters/training/8296 b/reuters/training/8296
new file mode 100644
index 0000000000000000000000000000000000000000..cb920fc7cb92b14e1710d69c24080cb1cc868f3c
--- /dev/null
+++ b/reuters/training/8296
@@ -0,0 +1,10 @@
+RAVEN INDUSTRIES INC <RAV> 4TH QTR JAN 31 NET
+  Shr profit six cts vs loss nine cts
+      Net profit 101,000 vs loss 142,000
+      Sales 12.6 mln vs 8,736,000
+      Year
+      Shr profit 1.34 dlrs vs profit 1.02 dlrs
+      Net profit 2,122,000 vs profit 1,611,000
+      Sales 52.3 mln vs 41.9 mln
+  
+
diff --git a/reuters/training/8297 b/reuters/training/8297
new file mode 100644
index 0000000000000000000000000000000000000000..651f94f2f7002fc0d1dd848972b63b6c6d8c35e7
--- /dev/null
+++ b/reuters/training/8297
@@ -0,0 +1,6 @@
+HEMODYNAMICS INC <HMDY> YEAR LOSS
+  Shr loss 24 cts vs loss 41 cts
+      Net loss 148,070 vs loss 251,225
+      Sales 1,298,257 vs 319,588
+  
+
diff --git a/reuters/training/8298 b/reuters/training/8298
new file mode 100644
index 0000000000000000000000000000000000000000..cb56399734e86d407fc0edf54b11d7c79b5d0e7f
--- /dev/null
+++ b/reuters/training/8298
@@ -0,0 +1,11 @@
+DELOITTE HASKINS SELLS GETS STAKE IN COMPANY
+  <Deloitte Haskins and Sells>, an
+  accounting and consulting firm, said it bought a stake in
+  <Holland Systems Corp>, a software and services company.
+      The company also said it set up a venture with Holland
+  Systems to develop and market an integrated line of information
+  management products and services.
+      It said products from the venture are expected to be
+  introduced within the next year.
+  
+
diff --git a/reuters/training/8299 b/reuters/training/8299
new file mode 100644
index 0000000000000000000000000000000000000000..673a5659d1c0a2d28388706d8058012fb6ac1e59
--- /dev/null
+++ b/reuters/training/8299
@@ -0,0 +1,12 @@
+FED EXPECTED TO SET CUSTOMER REPURCHASES
+  The Federal Reserve is expected to
+  intervene in the government securities market to add temporary
+  reserves indirectly via 1.5 to 2.5 billion dlrs of customer
+  repurchase agreements, economists said.
+      They said that while the Fed has only a moderate add need
+  over the next few days, it will probably intervene in an
+  attempt to counteract an elevated federal funds rate.
+      Fed funds, which averaged 6.09 pct on Friday, opened at
+  6-3/16 pct and remained at that level in early trading.
+  
+
diff --git a/reuters/training/83 b/reuters/training/83
new file mode 100644
index 0000000000000000000000000000000000000000..f0719fe1529cd54bb27f01cecc94a54d1b884062
--- /dev/null
+++ b/reuters/training/83
@@ -0,0 +1,9 @@
+LIBERTY ALL-STAR EQUITY FUND INITIAL DIV
+  Qtly div five cts vs N.A.
+      Payable April two
+      Record March 20
+      NOTE:1986 dividend includes special two cts per share for
+  the period beginning with the fund's commencement of operations
+  on Novebmer three through December 31, 1986.
+  
+
diff --git a/reuters/training/830 b/reuters/training/830
new file mode 100644
index 0000000000000000000000000000000000000000..f667f1045509ff46892d7a3c310141d8d603df47
--- /dev/null
+++ b/reuters/training/830
@@ -0,0 +1,5 @@
+australian annual broad money supply growth 10.3 pct in January
+
+  australian annual broad money supply growth 10.3 pct in January
+  
+
diff --git a/reuters/training/8300 b/reuters/training/8300
new file mode 100644
index 0000000000000000000000000000000000000000..72af2fb2220760b107b7903780d27f05aa6bc735
--- /dev/null
+++ b/reuters/training/8300
@@ -0,0 +1,15 @@
+MOTO PHOTO INC <MOTO> 4TH QTR NET
+  Oper shr profit one ct vs loss six cts
+      Oper net profit 148,628 vs loss 249,192
+      Revs 3,772,639 vs 1,101,633
+      Avg shrs 5,235,233 vs 4,371,795
+      Year
+      Oper shr loss 10 cts vs loss 19 cts
+      Oper net profit 5,760 vs loss 788,042
+      Revs 9,899,038 vs 3,819,678
+      Avg shrs 4,837,361 vs 4,163,006
+      NOTE: Share after poreferred dividends.
+      Current year net both periods excludes 15,000 dlr tax loss
+  carryforward.
+  
+
diff --git a/reuters/training/8302 b/reuters/training/8302
new file mode 100644
index 0000000000000000000000000000000000000000..570515662337c3616c1752af224276ad6df936b0
--- /dev/null
+++ b/reuters/training/8302
@@ -0,0 +1,5 @@
+U.S. TREASURY'S BAKER SAYS CURRENCIES WITHIN RANGES THAT BETTER REFLECT FUNDAMENTALS
+
+  U.S. TREASURY'S BAKER SAYS CURRENCIES WITHIN RANGES THAT BETTER REFLECT FUNDAMENTALS
+  
+
diff --git a/reuters/training/8306 b/reuters/training/8306
new file mode 100644
index 0000000000000000000000000000000000000000..7f7a867e6dc5bfa7e28fa4886b77959bf558f268
--- /dev/null
+++ b/reuters/training/8306
@@ -0,0 +1,7 @@
+GREECE SEEKING EC SUGAR NEXT MONTH AT TENDER
+  Greece will hold a buying tender on
+  April 8, for reply by April 10, for 40,000 tonnes of white
+  sugar from EC member countries, for delivery in four equal
+  tranches in May, June, July and August, traders said.
+  
+
diff --git a/reuters/training/8308 b/reuters/training/8308
new file mode 100644
index 0000000000000000000000000000000000000000..4a984b6bf372ed0c1b4c3eaf9eb090be1879bced
--- /dev/null
+++ b/reuters/training/8308
@@ -0,0 +1,19 @@
+ZINC PRODUCERS APPROACH EC ON VOLUNTARY CLOSURES
+  A number of individual zinc producing
+  companies have approached the European Commission to sound out
+  its reaction to a possible industry plan for a voluntary
+  reduction of smelting capacity, Commission sources said.
+      The companies have been told that the Commission could not
+  judge whether a plan would be acceptable under European
+  Community, EC, competition rules until it had full details,
+  they said.
+      In 1983, the industry drew up a plan envisaging the loss of
+  about 130,000 tonnes of annual capacity, or about 10 pct of the
+  total.
+      However, the industry did not proceed with this plan as
+  zinc market conditions improved in 1984, the sources noted.
+      They said the companies which approached the Commission
+  recently -- and which they did not name -- appeared to envisage
+  a loss of productive capacity similar to that proposed in 1983.
+  
+
diff --git a/reuters/training/8309 b/reuters/training/8309
new file mode 100644
index 0000000000000000000000000000000000000000..3c5918754569ea5ea4c66f02822178777db01c3c
--- /dev/null
+++ b/reuters/training/8309
@@ -0,0 +1,12 @@
+CURRENCIES BETTER REFLECT FUNDAMENTALS - BAKER
+  Treasury Secertary James Baker said
+  currencies were now within ranges that better reflected
+  economic fundamentals.
+      In a speech to the annual meeting of the Inter-American
+  Development Bank, he said, "Excchange have moved into ranges
+  that better reflect economic fundamentals."
+      He noted that in particular that dollar has fallen from its
+  high point in early 1985 helping to moderate protectionist
+  pressures in the U.S.
+  
+
diff --git a/reuters/training/8311 b/reuters/training/8311
new file mode 100644
index 0000000000000000000000000000000000000000..b29b5244be96ebd556425a03138ebf3f5963d015
--- /dev/null
+++ b/reuters/training/8311
@@ -0,0 +1,26 @@
+TONKA <TKA> SEES LOWER FISCAL FIRST QUARTER NET
+  Tonka Corp said it expects
+  results for its fiscal first quarter to end April four, to
+  decline from the record earnings of 3.8 mln dlrs or 57 cts a
+  share and revenues of 53.2 mln dlrs.
+      The toy manufacturer attributed its anticipated lower
+  financial results to an an expected moderate decline in
+  shipments of its Pound Puppies product line.
+      Tonka also said it expects revenues and earnings to remain
+  lower through the 1987 first half compared with 1986 record
+  results of 125.4 mln dlrs in revenues and 10.3 mln dlrs in net
+  earnings or 1.47 dlrs a share.
+      The company said its level of shipments is good despite a
+  conservative buying pattern on the part of retailers industry
+  wide. Tonka's first quarter shipments will be down somewhat
+  from 1986 record levels and gross profit margins will be down
+  slightly from a year ago, it said.
+      Second half sales are expected to be stronger based on a
+  return to a more traditional seasonal shipping pattern in which
+  retailers order and stock conservatively early in the year and
+  time large shipments for the second half, it said.
+      Tonka said that while the pace of order writing is trailing
+  last year's, bookings are "very good" for orders on several of
+  its new product introductions for 1987.
+  
+
diff --git a/reuters/training/8313 b/reuters/training/8313
new file mode 100644
index 0000000000000000000000000000000000000000..848752add2508717c9d3cdc7ff393d97fc1a0eb5
--- /dev/null
+++ b/reuters/training/8313
@@ -0,0 +1,14 @@
+CHILD WORLD INC <CWLD> 4TH QTR JAN 31 NET
+  Shr 1.34 dlrs vs 1.09 dlrs
+      Net 15.4 mln vs 12.6 mln
+      Sales 323.6 mln vs 240.2 mln
+      Avg shrs 11.5 mln vs 11.5 mln
+      Year
+      Shr 95 cts vs 91 cts
+      Net 10.9 mln vs 9,368,000
+      Sales 628.8 mln vs 513.1 mln
+      Avg shrs 11.5 mln vs 10.3 mln
+      NOTE: Latest year net cut on mln dlrs by investment tax
+  credit loss.
+  
+
diff --git a/reuters/training/8314 b/reuters/training/8314
new file mode 100644
index 0000000000000000000000000000000000000000..d49abcbcba8ab790acda6bf6b09bf5172829cae9
--- /dev/null
+++ b/reuters/training/8314
@@ -0,0 +1,36 @@
+BAYERNVEREIN EXPECTS UNCHANGED DIVIDEND FOR 1987
+  Bayerische Vereinsbank AG <BVMG.F>
+  expects to pay an unchanged dividend of 13 marks on 1987
+  earnings but profits will only barely reach last year's record
+  levels, management board spokesman Maximilian Hackl said.
+      He told the annual news conference that possible credit
+  risks, especially those associated with foreign nations, had
+  largely been covered. Risk provisions in 1987 were therefore
+  unlikely to reach the same high level as in 1986.
+      Group bank net profit rose to 275.52 mln marks in 1986 from
+  222.73 mln the previous year and parent bank net profit
+  increased to 187.63 mln marks from 161.58 mln.
+      Hackl said that interest margins in the banking business
+  had declined to 2.71 pct last year from 2.78 pct the previous
+  year. But in the mortgage sector, the margins had increased
+  slightly and stood around 0.7 pct.
+      Parent bank commission surplus in the securities business
+  had risen almost 15 pct to 358 mln marks in 1986.
+      Expenses for personnel had increased 7.5 pct to 782 mln
+  marks and others costs had increased 9.4 pct to 272 mln marks.
+      The parent bank's 1986 partial operating profit, which
+  excludes earnings from trading on its own account, had climbed
+  two pct to 671 mln marks.
+      The parent bank's balance sheet total rose 5.3 pct to 81.5
+  billion marks at end-1986 compared with end-1985, Hackl said.
+      It was boosted by a three billion mark rise in mortgage
+  business and a 1.1 billion mark increase in banking business.
+      The mortgage sector's share in total parent bank business
+  volume rose to 46 pct from 45.
+      Hackl said that in January and February this year, the
+  bank's credit business had not livened up. But despite the
+  sharp downturn on German bourses, profits from trading on own
+  account had increased in the first two 1987 months compared
+  with the same year-ago period. He gave no detailed figures.
+  
+
diff --git a/reuters/training/8317 b/reuters/training/8317
new file mode 100644
index 0000000000000000000000000000000000000000..de9cd424bd245ce5739708b3df1dc61dffafb9e2
--- /dev/null
+++ b/reuters/training/8317
@@ -0,0 +1,10 @@
+DYNAMIC HOMES INC <DYHM> 4TH QTR NET
+  Shr nil vs loss two cts
+      Net profit 2,900 vs loss 43,500
+      Revs 1,660,300 vs 950,000
+      12 mths
+      Shr loss 30 cts vs loss 37 cts
+      Net loss 578,900 vs loss 713,300
+      Revs 5,112,100 vs 3,659,600
+  
+
diff --git a/reuters/training/8318 b/reuters/training/8318
new file mode 100644
index 0000000000000000000000000000000000000000..1033b9623ec281a34e7c8cf81725b14edf18ead3
--- /dev/null
+++ b/reuters/training/8318
@@ -0,0 +1,10 @@
+<CANADA LEASE FINANCING LTD> 3RD QTR DEC 31 NET
+  Shr 30 cts vs 12 cts
+      Net 727,000 vs 266,000
+      Revs 27.8 mln vs 21.1 mln
+      Nine mths
+      Shr 59 cts vs 48 cts
+      Net 1,355,000 vs 1,098,000
+      Revs 69.4 mln vs 59.1 mln
+  
+
diff --git a/reuters/training/8319 b/reuters/training/8319
new file mode 100644
index 0000000000000000000000000000000000000000..dd0887a4147eca557b06884317e8ea2238c0786d
--- /dev/null
+++ b/reuters/training/8319
@@ -0,0 +1,14 @@
+ROTTERDAM GRAIN HANDLER SAYS PORT BALANCE ROSE
+  Graan Elevator Mij (GEM) said its
+  balance in port of grains, oilseeds and derivatives rose to
+  70,000 tonnes on March 21 compared with 10,000 a week earlier
+  after arrivals of 192,000 tonnes and discharges of 132,000
+  tonnes last week.
+      The balance comprised 25,000 tonnes of grains plus oilseeds
+  and 45,000 tonnes of derivatives.
+      This week's estimated arrivals total 487,000 tonnes, of
+  which 107,000 are grains/oilseeds and 380,000 derivatives.
+      The figures cover around 95 pct of Rotterdam traffic in the
+  products concerned.
+  
+
diff --git a/reuters/training/8320 b/reuters/training/8320
new file mode 100644
index 0000000000000000000000000000000000000000..585a28138f31dd9ce524558146908adf2218397c
--- /dev/null
+++ b/reuters/training/8320
@@ -0,0 +1,12 @@
+PUBLIC SERVICE N.C. <PSNC> RAISES PAYOUT
+  Public Service Co of North
+  Carolina Inc said its board raised the quarterly dividend to 23
+  cts per share from 22-1/2 cts previously, as adjusted for a
+  two-for-one stock split that takes effect April 27.
+      The dividend is payable July One to holders of record June
+  16.
+      The company also said it plans to file soon for an offering
+  of  up to one mln new shares, which would give it a total of
+  about 8,850,000 post-split shares.
+  
+
diff --git a/reuters/training/8322 b/reuters/training/8322
new file mode 100644
index 0000000000000000000000000000000000000000..72a5cefeb85db4de44e78a8cea34c95fb687e58d
--- /dev/null
+++ b/reuters/training/8322
@@ -0,0 +1,14 @@
+WICKES <WIX> PLANS REVERSE SPLIT, CALLS DEBT
+  Wickes Cos Inc said its
+  board authorized a one-for-five reverse stock split and plans
+  to call the company's its 12 pct senior subordianted debentures
+  due 1994.
+      The company said it will seek shareholder approval of the
+  reverse stock split at the annual shareholders meeting
+  scheduled for June 18.
+      At January 31 Wickes had 239 mln shares outstanding, the
+  company also said.
+      Wickes also said it will call the debentures on Dec 1,
+  1987, assuming market conditions remain essentially the same.
+  
+
diff --git a/reuters/training/8326 b/reuters/training/8326
new file mode 100644
index 0000000000000000000000000000000000000000..91e5f2c54d310aab9d9d4ff0e973081afab8474e
--- /dev/null
+++ b/reuters/training/8326
@@ -0,0 +1,5 @@
+ICCO PUTS 1986/87 WORLD COCOA SURPLUS  94,000 TONNES VS 118,000 IN 1985/86 - DELEGATES
+
+  ICCO PUTS 1986/87 WORLD COCOA SURPLUS  94,000 TONNES VS 118,000 IN 1985/86 - DELEGATES
+  
+
diff --git a/reuters/training/8327 b/reuters/training/8327
new file mode 100644
index 0000000000000000000000000000000000000000..f04458e090c2d17a20578ac1d1c85f2fd6b46553
--- /dev/null
+++ b/reuters/training/8327
@@ -0,0 +1,11 @@
+INVESTOR ACQUIRES 9.9 PCT OF MUNFORD <MFD>
+  A joint venture controlled by Dallas
+  investor Bradbury Dyer said it had acquired 377,000 shares, or
+  9.9 pct, of the common stock of Munford Inc.
+      In a filing with the Securities and Exchange Commission,
+  the concern, which comprises Paragon Associates and Paragon
+  Associates II, said it bought the stake for 7,659,000 dlrs and
+  may buy more shares.
+      Paragon said it bought the shares for investment purposes.
+  
+
diff --git a/reuters/training/833 b/reuters/training/833
new file mode 100644
index 0000000000000000000000000000000000000000..48a552cd247a3c59f4463e4fb691ecddfffa50fc
--- /dev/null
+++ b/reuters/training/833
@@ -0,0 +1,30 @@
+YEUTTER BLASTS PROPOSED EC OILS AND FATS TAX
+  U.S. trade representative Clayton
+  Yeutter today said that if the European Community's Council of
+  Ministers approves a tax on vegetable oils and fats, another
+  major transatlantic trade row will erupt over agriculture.
+      In a statement issued by the trade representative's office
+  following a speech to the American Soybean Association's board
+  of directors, Yeutter said the proposed tax would have a severe
+  impact on American soybean farmers, who export some 2.4 billion
+  dlrs in soybeans and products annually to the EC.
+      "This is an unacceptable situation for us and its
+  (vegetable oils tax) enactment would leave us no choice but to
+  vigorously protect our trade rights and defend our access to
+  the European market," Yeutter said.
+      Yeutter said the proposed vegetable oils tax would violate
+  EC obligations under the GATT.
+      He said the effect of the tax would be to double the price
+  of soyoil produced from imported soybeans, making margarine
+  made from soyoil more expensive than tallow-based margarine,
+  and closer in price to expensive European butter.
+      "I am astonished that the EC commission would propose such
+  a provocative measure so soon after we successfully resolved
+  the agricultural dispute over the enlargement of the EC to
+  include Spain and Portugal," Yeutter said.
+      "It serves no purpose to embark on another confrontational
+  course before the recent wounds have healed and as we are
+  beginning to make progress on the Uruaguay round (of global
+  trade talks)," he said.
+  
+
diff --git a/reuters/training/8331 b/reuters/training/8331
new file mode 100644
index 0000000000000000000000000000000000000000..7cd3ad40abce3ec3464be49f4104b490c8c21210
--- /dev/null
+++ b/reuters/training/8331
@@ -0,0 +1,24 @@
+BP <BP> UNIT TO BUILD GOLD EXTRACTION PLANT
+  Amselco Minerals Inc, a unit of British
+  Petroleum Co PLC, said it approved construction of a new plant
+  with Nerco Minerals Co to process carbon ore to recover
+  microscopic gold reserves.
+      The plant, to be located at the Alligator Ridge Mine near
+  Ely, Nev., will process 1,000 tons a day of carbon-bearing ore
+  to recover 70,000 ounces of gold over three years, it said.
+      The plant will use a chemical process called leaching to
+  extract the residual gold, which could not otherwise be
+  economically recovered. Operation of the plant, to be jointly
+  owned by Amselco and Nerco, is set to start in October.
+      The Alligator Ridge Mine is jointly owned by Amselco and
+  Nerco, a unit of Nerco Inc <NER>, which is 90.5 pct owned by
+  Pacificorp <PPW>, a Portland, Ore., holding company.
+      The mine has produced about 60,000 ounces of gold a year
+  since 1981 using another leaching process, a BP spokesman said.
+  The open pit oxide ore reserves of Alligator Ridge will be
+  exhausted by August 1987, as expected, when the work force will
+  be reduced to about 72 from 127, the company said.
+      The employees remaining after that will operate the new
+  plant, it said.
+  
+
diff --git a/reuters/training/8334 b/reuters/training/8334
new file mode 100644
index 0000000000000000000000000000000000000000..d0436283af6c14ccfd45d43a793e03df11a9538c
--- /dev/null
+++ b/reuters/training/8334
@@ -0,0 +1,11 @@
+MOTO PHOTO <MOTO> SEES BETTER 1ST QUARTER 1987
+  Moto Photo Inc  president, Michael
+  Adler, said he expects the company's first quarter earnings for
+  fiscal 1987 to be better than the same quarter a year ago.
+      Adler said, however, that the quarter would still be a
+  loss, primarily because it is the low season for the imaging
+  business.
+      Photo Moto recored a net loss for the first quarter 1986
+  ending March 31 of 328,889 dlrs.
+  
+
diff --git a/reuters/training/8335 b/reuters/training/8335
new file mode 100644
index 0000000000000000000000000000000000000000..23e78414606e7c433c50cbcecd0d8b1c50a0fceb
--- /dev/null
+++ b/reuters/training/8335
@@ -0,0 +1,11 @@
+CANADA SOUTHERN PETROLEUM LTD<CSW> 2ND QTR LOSS
+  Qtr ends Dec 31
+      Shr loss one ct vs profit two cts
+      Net loss 52,922 vs profit 220,041
+      Revs 481,832 vs 824,554
+      Six mths
+      Shr loss one ct vs profit four cts
+      Net loss 104,129 vs profit 345,515
+      Revs 934,685 vs 1,465,153
+  
+
diff --git a/reuters/training/8337 b/reuters/training/8337
new file mode 100644
index 0000000000000000000000000000000000000000..1e7483cb5c8e5ac6e7f035ac23a7bb98bc8333ce
--- /dev/null
+++ b/reuters/training/8337
@@ -0,0 +1,13 @@
+RECOTON CORP <RCOT> 4TH QTR LOSS
+  Shr loss 14 cts vs profit 26 cts
+      Net loss 384,000 vs profit 714,000
+      Revs 8,367,000 vs 9,909,000
+      Year
+      Shr profit 19 cts vs profit 57 cts
+      Net profit 518,000 vs profit 1,547,000
+      Revs 28.7 mln vs 26.7 mln
+      NOTE: Includes income tax credits of 302,000 dlrs and 1.3
+  mln dlrs in 1986 and 1985, respectively, and 602,000 dlrs in
+  1985 qtr. Current qtr after tax provision of 452,000 dlrs.
+  
+
diff --git a/reuters/training/8338 b/reuters/training/8338
new file mode 100644
index 0000000000000000000000000000000000000000..f0db26d9f635d49993d4ff0e5342641b0df51ed0
--- /dev/null
+++ b/reuters/training/8338
@@ -0,0 +1,6 @@
+SANFORD CORP <SANF> 1ST QTR FEB 28 NET
+  Shr 28 cts vs 13 cts
+      Net 1,898,000 vs 892,000
+      Sales 16.8 mln vs 15.3 mln
+  
+
diff --git a/reuters/training/8339 b/reuters/training/8339
new file mode 100644
index 0000000000000000000000000000000000000000..38fe716c95a6442c1557a18fe1c94f8681d8f431
--- /dev/null
+++ b/reuters/training/8339
@@ -0,0 +1,11 @@
+<CANADA SOUTHERN PETROLEUM LTD> 2ND QTR LOSS
+  Period ended December 31, 1986
+      Shr loss one ct vs profit two cts
+      Net loss 52,922 vs profit 220,041
+      Revs 481,832 vs 824,554
+      Six mths
+      Shr loss one ct vs profit four cts
+      Net loss 104,129 vs profit 345,515
+      Revs 937,685 vs 1,460,000
+  
+
diff --git a/reuters/training/834 b/reuters/training/834
new file mode 100644
index 0000000000000000000000000000000000000000..3fb955d9531d36f7dbb4651b09a02013c9ba47f0
--- /dev/null
+++ b/reuters/training/834
@@ -0,0 +1,10 @@
+EXXON <XON> CUTS HEATING OIL BARGE PRICE
+  Oil traders in New York said Exxon
+  Corp's Exxon U.S.A. unit reduced the price it charges contract
+  barge customers for heating oil in New York harbor 0.75 cent a
+  gallon, effective today.
+      They said the reduction brings Exxon's contract barge price
+  to 43.25 cts. The price decrease follows sharp declines in
+  heating oil prices on spot and futures markets, traders said.
+  
+
diff --git a/reuters/training/8340 b/reuters/training/8340
new file mode 100644
index 0000000000000000000000000000000000000000..f442bafc5f93682f05be8c592cf75c4675e020e9
--- /dev/null
+++ b/reuters/training/8340
@@ -0,0 +1,12 @@
+HOSPOSABLE PRODUCTS INC <HOSP> 4TH QTR NET
+  Shr 12 cts vs eight cts
+      Net 102,002 vs 59,396
+      Sales 3,024,423 vs 2,437,489
+      Avg shrs 1,032,000 vs 746,004
+      Year
+      Shr 64 cts vs 45 cts
+      Net 570,491 vs 340,852
+      Sales 11.1 mln vs 10.6 mln
+      Avg shrs 1,032,000 vs 753,948
+  
+
diff --git a/reuters/training/8342 b/reuters/training/8342
new file mode 100644
index 0000000000000000000000000000000000000000..77380539fb95a2f432c0373d7f883f15741a8428
--- /dev/null
+++ b/reuters/training/8342
@@ -0,0 +1,21 @@
+BANGEMANN DENIES NEWSPAPER INTERVIEW ON SUBSIDIES
+  The West German Economics Minister today
+  denied giving a newspaper interview which quoted him as saying
+  the state could not continue to pour money into the country's
+  ailing steel and coal industries.
+      Economics Ministry spokesman Dieter Vogel said in a
+  statement Bangemann had contacted him from New Zealand, where
+  he is attending a General Agreement on Trade and Tariffs (GATT)
+  ministerial meeting, to deny giving the interview to the
+  conservative daily Die Welt. The paper quoted Bangemann as
+  saying that continued subsidies would endanger other parts of
+  the German economy by making them uncompetitive.
+      Vogel said Bangemann had pledged that everything possible
+  would be done to minimize the effects of reduced coal and steel
+  production on the workforces and regions concerned.
+      Die Welt said the interview with Bangemann had taken place
+  at a meeting of his Free Democratic Party (FDP) in Darmstadt
+  last Friday, adding that it had a tape recording of his
+  comments which it would publish tomorrow.
+  
+
diff --git a/reuters/training/8343 b/reuters/training/8343
new file mode 100644
index 0000000000000000000000000000000000000000..f6db152e6362d8fc0d947ef6a5c6a1f3cb216753
--- /dev/null
+++ b/reuters/training/8343
@@ -0,0 +1,5 @@
+FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
+
+  FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
+  
+
diff --git a/reuters/training/8344 b/reuters/training/8344
new file mode 100644
index 0000000000000000000000000000000000000000..ed7c034084898e36efeb03eaef1b711152a74fc7
--- /dev/null
+++ b/reuters/training/8344
@@ -0,0 +1,9 @@
+FED ADDS RESERVES VIA CUSTOMER REPURCHASES
+  The Federal Reserve entered the U.S.
+  Government securities market to arrange 1.5 billion dlrs of
+  customer repurchase agreements, a Fed spokesman said.
+      Dealers said Federal funds were trading at 6-3/16 pct when
+  the Fed began its temporary and indirect supply of reserves to
+  the banking system.
+  
+
diff --git a/reuters/training/8347 b/reuters/training/8347
new file mode 100644
index 0000000000000000000000000000000000000000..fc0febe9a562e0a56e9fa9a6f22359bf9ee621d7
--- /dev/null
+++ b/reuters/training/8347
@@ -0,0 +1,14 @@
+SWEDISH GNP ROSE LESS THAN EXPECTED, FIGURES SHOW
+  Sweden's Gross National Product rose
+  1.3 pct last year against 2.3 pct in 1985, mainly due to a
+  lower than forecast growth in exports and a sharp fall in total
+  investments, the Central Bureau of Statistics reported.
+      Private consumption rose 4.1 pct during 1986 against 2.7
+  pct in 1985 whereas the Finance Ministry had expected an
+  increase of only 3.6 pct. Total investments fell 0.7 pct
+  against a rise of 6.3 pct in 1985. The Finance Ministry had
+  forecast a rise of 0.3 pct in 1986.
+      Exports rose 2.1 pct last year against 2.3 pct in 1985, but
+  the Finance Ministry had predicted a growth of 2.8 pct.
+  
+
diff --git a/reuters/training/8349 b/reuters/training/8349
new file mode 100644
index 0000000000000000000000000000000000000000..bd6e6dbd024826101b473423313f7d5094a48daa
--- /dev/null
+++ b/reuters/training/8349
@@ -0,0 +1,19 @@
+MCDONALD'S <MCD> UP ON REAFFIRMED RECOMMENDATION
+  McDonald's Corp rose sharply today
+  after receiving a second recommendation in as many sessions,
+  traders said.
+      Today, analyst Richard Simon of Goldman Sachs and Co
+  reaffirmed his recommendation of the stock and put it on his
+  "focus list," traders familiar with the recommendation said.
+      Simon was unavailable for comment.
+      The stock jumped 2-3/4 to 79-7/8.
+      On Friday, analyst Daniel Lee of Drexel Burnham Lambert Inc
+  reiterated a recommendation of the stock focusing on increased
+  comparable store sales and consistent annual earnings growth.
+  Friday, the stock closed 1-5/8 points higher.
+      Wendy's, another operator of fast food restaurants, rose
+  one to 12-3/4 in active trading. Vague rumors that Wendy's is a
+  takeover candidate continued to circulate Wall Street, traders
+  said.
+  
+
diff --git a/reuters/training/835 b/reuters/training/835
new file mode 100644
index 0000000000000000000000000000000000000000..fee8842b605b61f996e65e87cb55f3d48f68ae1b
--- /dev/null
+++ b/reuters/training/835
@@ -0,0 +1,23 @@
+GREECE SAYS IT HAS RIGHT ON AEGEAN OIL DRILLING
+  Greece, responding to a warning by Turkey
+  against conducting oil activities in the Aegean Sea, said today
+  it had the right to decide where and how to do research or
+  drilling work in the area.
+      A government spokesman said the Greek position was made
+  clear to Turkey's ambassador Nazmi Akiman when he met Greek
+  Foreign Affairs Undersecretary Yannis Kapsis last week.
+      Acting Turkish Prime Minister Kaya Erdem said earlier today
+  Greek activities in the northern Aegean contravened the 1976
+  Berne Agreement which set the framework for talks on the Aegean
+  continental shelf disputed between Ankara and Athens.
+      The Greek statement today said, "Greece is not prepared to
+  give up even a trace of its sovereignty rights to the seabed.
+  It has been stressed to...Mr Akiman that the decision where or
+  how to drill belongs exclusively to the Greek government."
+      "The Greek government has repeatedly let the Turkish side
+  know that it considers the 1976 Berne protocol as inactive
+  through the fault of Turkey," it said.
+      The Greek statement said Athens was ready to put the
+  continental shelf issue before international courts.
+  
+
diff --git a/reuters/training/8350 b/reuters/training/8350
new file mode 100644
index 0000000000000000000000000000000000000000..7a079a7c29c74cf55589210c7d46644e3502863e
--- /dev/null
+++ b/reuters/training/8350
@@ -0,0 +1,9 @@
+ALLIED PRODUCTS CORP <ADP> YEAR NET
+  Shr 3.36 dlrs vs 3.33 dlrs
+      Net 16,173,000 vs 10,603,000
+      Sales 420.8 mln vs 276.1 mln
+      Avg shrs 4.4 mln vs 3.2 mln
+      NOTE: 1985 net includes tax credits of 6.9 mln dlrs or 2.19
+  dlrs a share.
+  
+
diff --git a/reuters/training/8351 b/reuters/training/8351
new file mode 100644
index 0000000000000000000000000000000000000000..af5b2392dd37b53d124300eff54edf80be164254
--- /dev/null
+++ b/reuters/training/8351
@@ -0,0 +1,10 @@
+AMERICAN TELEVISION <ATCMA> BUYS TIME <TL> UNIT
+  American Television and
+  Communications Corp said it has completed the acquisition of
+  Manhattan Cable Television Inc from Time Inc for about
+  9,400,000 Class B common shares.
+      American Television was spun off from Time in August 1986.
+  The company said following this transaction, Time now owns 82
+  pct of American Television.
+  
+
diff --git a/reuters/training/8353 b/reuters/training/8353
new file mode 100644
index 0000000000000000000000000000000000000000..7e79a76856ad0df64a56b3b7e47b4661dbb45fa0
--- /dev/null
+++ b/reuters/training/8353
@@ -0,0 +1,9 @@
+DWG <DWG> COMPLETES SALE OF UNIT
+  DWG Corp said it has completed the
+  previously-announced sale of its Texsun Corp subsidiary to
+  Texsun Corp subsidiary to Sundor Brands Inc for 27.5 mln dlrs
+  and the assumption of liabilities.
+      It said proceeds have been placed in escrow pending the
+  outcome of talks with lenders.
+  
+
diff --git a/reuters/training/8355 b/reuters/training/8355
new file mode 100644
index 0000000000000000000000000000000000000000..3c0a85ecbbc50df2d168f2b57ca9ac8e98875fb5
--- /dev/null
+++ b/reuters/training/8355
@@ -0,0 +1,14 @@
+ALLIED <ASU> SELLING MICHIGAN UNITS
+  Allied Supermarkets Inc said it entered
+  into a definitive agreement to sell its Michigan operations for
+  about 46 mln dlrs in cash and debt plus assumption of
+  substantially all of Allied's liabilities other than senior
+  subordinated debentures.
+      It said the operations will be sold to Meadowdale Foods
+  Inc, a corporation formed by members of its existing
+  management, including Chairman David Page and President Lon
+  Makanoff.
+      The transaction is conditioned on  Allied's pending merger
+  with the Vons Cos Inc.
+  
+
diff --git a/reuters/training/8359 b/reuters/training/8359
new file mode 100644
index 0000000000000000000000000000000000000000..82e2c9c6c35b64c76adf2a8f6cab0f48a1026d88
--- /dev/null
+++ b/reuters/training/8359
@@ -0,0 +1,21 @@
+KLM SAYS IT IS NOT SEEKING AIR ATLANTA STAKE
+  KLM Royal Dutch Airlines <KLM.AS> is
+  discussing marketing cooperation with U.S. regional carrier Air
+  Atlanta Inc but it is not seeking to take a stake in the
+  airline, a KLM spokesman said.
+      "We're not considering taking either a majority or minority
+  stake in Air Atlanta, but we are thinking of providing them
+  with a loan," the spokesman told Reuters in a comment on a Wall
+  Street Journal report saying debt-laden Air Atlanta could sell
+  as much as 25 pct of its stock to the Dutch airline.
+      KLM last week denied a Dutch press report saying it was
+  discussing a takeover of Air Atlanta.
+      The KLM spokesman said Air Atlanta's regional route
+  network, centred on Atlanta, Ga, could serve as a feeder to
+  KLM's international network, which includes direct flights
+  between Atlanta and Amsterdam.
+      KLM and Air Atlanta had been talking "for some time," he
+  said, but declined to elaborate further on the talks or give
+  details of the loan to Air Atlanta.
+  
+
diff --git a/reuters/training/836 b/reuters/training/836
new file mode 100644
index 0000000000000000000000000000000000000000..01401620f7b055ee5f0b6cdddcd36ed4d5de413b
--- /dev/null
+++ b/reuters/training/836
@@ -0,0 +1,23 @@
+LEUCADIA <LUK> HAS 7.2 PCT OF MINSTAR <MNST>
+  Leucadia National Corp said two of
+  its subsidiaries have acquired a 7.2 pct stake in Minstar Inc,
+  a corporation controlled by corporate raider Irwin Jacobs and
+  used by him in his forays to acquire stock in companies.
+      In a filing with the Securities and Exchange Commission,
+  Leucadia said its LNC Investments Inc, a Newark, Del.,
+  investment firm, and Charter National Life Insurance Co, a St.
+  Louis joint stock life insurance company, bought their combined
+  1,261,000 Minstar common shares for investment purposes only.
+      The Leucadia subsidiaries had held an 11.0 pct stake in
+  Minstar, but cut to 1.8 pct, or 313,200 shares, last July.
+      Since July, Leucadia said its companies have bought 947,800
+  Minstar common shares for a total of 24.7 mln dlrs.
+      Leucadia said it bought the Minstar stake to obtain an
+  equity position in the company and has no intention of seeking
+  control of it.
+      Nearly half of Leucadia's common stock is owned by TLC
+  Associates, a Salt Lake City, Utah, general partnership, whose
+  partners include the chairman and president of Leucadia and
+  other investors.
+  
+
diff --git a/reuters/training/8361 b/reuters/training/8361
new file mode 100644
index 0000000000000000000000000000000000000000..58334893f3f079a291514818d49a4b34c200bdb5
--- /dev/null
+++ b/reuters/training/8361
@@ -0,0 +1,12 @@
+GENCORP SUES GENERAL PARTNERS
+  Gencorp Inc said it filed suit
+  against the unsolicited 100 dlr-a-share tender offer of Wagner
+  and Brown and AFG INdustries.
+      Gencorp said it is seeking an injunction against the offer
+  because it is violates federal securities laws and margin
+  regulations.
+      Gencorp also said its board is carefully studying the offer
+  and will make a decision on whether or not shareholders should
+  accept or reject it by March 31.
+  
+
diff --git a/reuters/training/8363 b/reuters/training/8363
new file mode 100644
index 0000000000000000000000000000000000000000..2e8f60ad9aa3dacf318de4848f29d4eaf8479e25
--- /dev/null
+++ b/reuters/training/8363
@@ -0,0 +1,8 @@
+IRISH INDUSTRIAL PRODUCTION INDEX UP 6.2 PCT
+  Ireland's industrial production index
+  stood at 132.8 in December, a year-on-year rise of 6.2 pct, the
+  Central Statistics Bureau reported.
+      In November the index, base 1980, stood at 144.8, showing a
+  rise of 4.3 pct on a year-on-year basis.
+  
+
diff --git a/reuters/training/8364 b/reuters/training/8364
new file mode 100644
index 0000000000000000000000000000000000000000..e34a6a8201a2a2abb3256484b2d5d44a94269679
--- /dev/null
+++ b/reuters/training/8364
@@ -0,0 +1,10 @@
+NEW BRUNSWICK SCIENTIFIC CO INC <NBSC> 4TH QTR
+  Shr 22 cts vs six cts
+      Net 819,000 vs 201,000
+      Revs 9.3 mln vs 7.7 mln
+      Year
+      Shr 40 cts vs 20 cts
+      Net 1.5 mln vs 728,000
+      Revs 31.5 mln vs 26.6 mln
+  
+
diff --git a/reuters/training/8366 b/reuters/training/8366
new file mode 100644
index 0000000000000000000000000000000000000000..8d7ce7359c993ebe0b4ddc636a2fecaaedc6da9a
--- /dev/null
+++ b/reuters/training/8366
@@ -0,0 +1,7 @@
+INTELLIGENT BUSINESS <IBCC> 1ST QTR JAN 31
+  Shr three cts vs nil
+      Net 328,112 vs 6,374
+      Revs 1,401,155 vs 846,253
+      NOTE: Full name is Intelligent Business Communications Corp
+  
+
diff --git a/reuters/training/8367 b/reuters/training/8367
new file mode 100644
index 0000000000000000000000000000000000000000..75c4145718f7258abd475b9e24af18491c01e1a8
--- /dev/null
+++ b/reuters/training/8367
@@ -0,0 +1,9 @@
+PRINCIPAL NEO-TECH SELLS UNIT
+  <Principal Neo-Tech Inc> said it
+  completed the sale of its subsidiary, Neo-Tech Inc, to Seismic
+  Holdings Inc and Energy Holdings Inc, of Denver, Colo.
+      As part of the price, Principal Neo-Tech received notes and
+  preferred shares of Energy Holdings. However, terms were not
+  disclosed.
+  
+
diff --git a/reuters/training/8368 b/reuters/training/8368
new file mode 100644
index 0000000000000000000000000000000000000000..b4084eec3cb207d24450951e2fa327ad5612cad8
--- /dev/null
+++ b/reuters/training/8368
@@ -0,0 +1,5 @@
+CHARTER FEDERAL, JEFFERSON SAVINGS AGREE TO MERGE
+
+  CHARTER FEDERAL, JEFFERSON SAVINGS AGREE TO MERGE
+  
+
diff --git a/reuters/training/837 b/reuters/training/837
new file mode 100644
index 0000000000000000000000000000000000000000..890c3682f2c5a6f9896599ed5b3a44e044756959
--- /dev/null
+++ b/reuters/training/837
@@ -0,0 +1,18 @@
+BASIX CORP <BAS> 4TH QTR LOSS
+  Oper shr loss eight cts vs profit 20 cts
+      Oper net loss 768,000 vs profit 1,962,000
+      Revs 49.0 mln vs 43.6 mln
+      12 mths
+      Oper shr loss 1.41 dlrs vs profit 96 cts
+      Oper net loss 13.6 mln vs profit 9,305,000
+      Revs 175.3 mln vs 140.7 mln
+      Note: Oper excludes loss from discontinued operations of
+  4,676,000 dlrs or 48 cts a share for year-ago qtr and 7,571,000
+  dlrs or 78 cts a share for year-ago 12 mths.
+      Oper includes charge of 1.1 mln dlrs for cumulative effect
+  of repeal of the investment tax credit for qtr and writedown of
+  21.6 mln dlrs on gas and oil facilities for 12 mths.
+      Year-ago shr data restated to reflect two pct stock
+  dividend of December 1986.
+  
+
diff --git a/reuters/training/8370 b/reuters/training/8370
new file mode 100644
index 0000000000000000000000000000000000000000..4f52ae2abc21bee0f8e21a4e234b711ae4f2d957
--- /dev/null
+++ b/reuters/training/8370
@@ -0,0 +1,8 @@
+PHH <PHH> BUYS TWO DESIGN FIRMS
+  PHH Group Inc said it acquired
+  two design firms for undisclosed terms.
+      In 1986, the two firms, Neville Lewis Associates of New
+  York and Walker Associates Inc of L.A., produced 15.6 mln dlrs
+  in total fees.
+  
+
diff --git a/reuters/training/8373 b/reuters/training/8373
new file mode 100644
index 0000000000000000000000000000000000000000..4f183481340ffe2dc2ea9c411a1a03da0963c7b2
--- /dev/null
+++ b/reuters/training/8373
@@ -0,0 +1,21 @@
+CHARTER FEDERAL <CHFD>, JEFFERSON TO MERGE
+  Charter Federal Savings and Loan
+  Association of Bristol, Va., said it has agreed to acquire
+  Jefferson Savings and Loan Association of Warrenton, Va.
+      Under terms of the transaction, which would result in a 1.3
+  billion dlr thrift institution, stockholders of Jefferson will
+  get 30.50 dlrs per share, half in cash and half in shares of
+  Charter.
+      The resulting association will operate under the name of
+  Charter and will be based in Bristol.
+      The transaction is valued at about 16.3 mln dlrs, a
+  Jefferson spokesman said.
+      Charter said the merger is subject to approval of the
+  Federal Home Loan Bank Board.
+      Jefferson reported a 1.5 mln dlrs loss and assets of 360
+  mln dlrs for the year ended September 30, 1986.
+      For the year ended June 30, Charter reported net income of
+  7.9 mln dlrs. Assets totaled about 844.0 mln dlrs as of
+  December 31.
+  
+
diff --git a/reuters/training/8374 b/reuters/training/8374
new file mode 100644
index 0000000000000000000000000000000000000000..b6eab6d22a39feba7f12af7f4925b38c278e3d16
--- /dev/null
+++ b/reuters/training/8374
@@ -0,0 +1,17 @@
+TRADE PROPOSES NEW EC GRAIN INTERVENTION RULES
+  The European Community (EC) cereals
+  trade lobby organisation Coceral said it has written to EC Farm
+  Commissioner Frans Andriessen to propose a new system for sales
+  into intervention, which it claims could save the EC budget
+  money.
+      It proposes that applications for intervention be made
+  through a certificate valid for execution three months later.
+  If during the three months the trader found a market elsewhere,
+  he could buy back the certificate on payment of a one pct
+  premium.
+      Coceral argues that this would restore the original
+  function of intervention as a safety net and would end the
+  present situation in which produce is often sold into
+  intervention as a precaution.
+  
+
diff --git a/reuters/training/8378 b/reuters/training/8378
new file mode 100644
index 0000000000000000000000000000000000000000..1c744f72eea84323ecaffa4b4f4c920831a5235d
--- /dev/null
+++ b/reuters/training/8378
@@ -0,0 +1,6 @@
+LOWE'S COS INC <LOW> QTLY DIV
+  Qtly div 10 cts vs 10 cts prior
+      Payable April 30
+      Record April 10
+  
+
diff --git a/reuters/training/8387 b/reuters/training/8387
new file mode 100644
index 0000000000000000000000000000000000000000..a366093447f14af2080b80a998239c17cdba0674
--- /dev/null
+++ b/reuters/training/8387
@@ -0,0 +1,5 @@
+COCA COLA SPOKESMAN SAID RUMORS COKE SEEKING TAKEOVER OF WENDY'S ARE NOT CORRECT
+
+  COCA COLA SPOKESMAN SAID RUMORS COKE SEEKING TAKEOVER OF WENDY'S ARE NOT CORRECT
+  
+
diff --git a/reuters/training/8388 b/reuters/training/8388
new file mode 100644
index 0000000000000000000000000000000000000000..84587eaf2314ae06f4dc34d5aba14e618e03079b
--- /dev/null
+++ b/reuters/training/8388
@@ -0,0 +1,13 @@
+COMPUTER DEVICES INC 4TH QTR
+  Shr loss one cnt vs profit one cnt
+      Net loss 35,000 vs profit 42,000
+      Revs 881,000 vs 1.3 mln
+      Year
+      Shr profit seven cts vs profit nine cts
+      Net profit 291,000 vs profit 366,000
+      Revs 4.4 mln vs 5.9 mln
+      NOTE:1985 4th qtr and year includes gain of 7,000 dlrs and
+  147,000 dlrs respectivley. 1986 year includes gain of 35,000
+  dlrs from tax loss carryforwards.
+  
+
diff --git a/reuters/training/839 b/reuters/training/839
new file mode 100644
index 0000000000000000000000000000000000000000..fe42e19d2ad0e72fd4218ae98a48ca37ee358ee2
--- /dev/null
+++ b/reuters/training/839
@@ -0,0 +1,22 @@
+AUSTRALIAN JANUARY ANNUAL BROAD MONEY UP 10.3 PCT
+  Australia's broad money supply rose 10.3
+  pct in the year ended January, up from a revised 9.6 pct in
+  December, the Reserve Bank said.
+      This compares with the previous January's 13.9 pct.
+      In January broad money growth slowed to 0.7 pct from
+  December's 1.5 pct and compared with nil growth in January
+  1986.
+      Within the broad money total, non-bank financial
+  intermediaries rose by 0.2 pct from a revised decline of 0.2 
+  in December and a previous January's 0.8 pct increase.
+      In the January year, NBFI's borrowings rose by 9.5 pct from
+  a revised 10.1 in December and compared with a previous
+  January's 12.8.
+      At the end of January, broad money stood at 175,866 mln
+  dlrs dlrs from December's 174,668 mln dlrs and a January 1986
+  level of 159,453 mln.
+      In the same period, borrowings from the private sector by
+  the NBFIs rose to 70,389 mln dlrs from December's 70,237 mln
+  and the previous January's 64,299 mln.
+  
+
diff --git a/reuters/training/8391 b/reuters/training/8391
new file mode 100644
index 0000000000000000000000000000000000000000..53a4d30bbfc4a86ea980b16ca1ebc59af9e8199c
--- /dev/null
+++ b/reuters/training/8391
@@ -0,0 +1,14 @@
+DUCOMMON INC <DCO> 4TH QTR LOSS
+  Oper shr loss 5.60 dlrs vs loss 1.10 dlrs
+      Oper net loss 18,688,000 vs loss 3,662,000
+      Sales 107.3 mln vs 108.7 mln
+      Year
+      Oper shr loss 5.76 dlrs vs loss 98 cts
+      Oper net loss 19,213,000 vs loss 3,263,000
+      Sales 455.2 mln vs 417.0 mln
+      Note: Prior qtr and year figures exclude losses from
+  discontinued operations of 279,000 dlrs and 555,000 dlrs,
+  respectively and respective losses on sale of discontinued
+  operations of 14.6 mln dlrs and 15.9 mln dlrs.
+  
+
diff --git a/reuters/training/8394 b/reuters/training/8394
new file mode 100644
index 0000000000000000000000000000000000000000..a0a47a49efa08a168db311c0970fb0e88c6f671a
--- /dev/null
+++ b/reuters/training/8394
@@ -0,0 +1,15 @@
+MEM COM INC <MEM> 4TH QTR NET
+  Oper shr 93 cts vs 32 cts
+      Oper net 2,443,810 vs 847,609
+      Revs 30.3 mln vs 21.0 mln
+      12 mths
+      Oper shr 1.16 dlrs vs 85 cts
+      Oper net 3,066,407 vs 2,250,781
+      Revs 70.9 mln vs 61.8 mln
+      NOTE: qtr 1985 excludes gain 96,327 dlrs for discontinued
+  operations of Lebanon Packaging.
+      Year 1986 and year prior excludes loss 62,216 dlrs, and
+  gain 281,367 dlrs, respectively, for discontinued operations on
+  Lebanon sale.
+  
+
diff --git a/reuters/training/8396 b/reuters/training/8396
new file mode 100644
index 0000000000000000000000000000000000000000..88a10cefa60efa85b485676c82fdb4e809be2463
--- /dev/null
+++ b/reuters/training/8396
@@ -0,0 +1,14 @@
+COCA COLA <KO> SAYS RUMORS INCORRECT
+  A Coca Cola Co spokesman said rumors
+  the company is interested in acquiring Wendy's International
+  <WEN> are not true.
+      "Those rumors are not correct," said Carlton Curtis, an
+  assistant vice president at Coke. "We have stated many times
+  that Coca Cola Co has no interest in an acquisition in the food
+  service industry and thereby becoming a competitor to our food
+  service customers."
+      Wendy's stock has been flying high on the rumors for two
+  days. Today, Wendy's hit a high of 13-3/8 before dropping back
+  to 12-3/8, up 5/8 in heavy trading.
+  
+
diff --git a/reuters/training/8399 b/reuters/training/8399
new file mode 100644
index 0000000000000000000000000000000000000000..5821eaa9cf42bce756a2d97ef6eb59b6203a332b
--- /dev/null
+++ b/reuters/training/8399
@@ -0,0 +1,6 @@
+SWEET VICTORY INC <SVIC> YEAR
+  Shr loss 1.16 dlrs vs loss 61 cts
+      Net loss 3.5 mln vs loss 1.3 mln
+      Revs 943,938 dlrs vs 480,333 dlrs
+  
+
diff --git a/reuters/training/840 b/reuters/training/840
new file mode 100644
index 0000000000000000000000000000000000000000..aa7e7faf83923dbd7afae05d5042b71cd9cb1710
--- /dev/null
+++ b/reuters/training/840
@@ -0,0 +1,22 @@
+MICROBIO <MRC> PLANS ACQUISITION, FINANCING
+  Microbiological Research Corp
+  said it entered into a letter of intent for a proposed business
+  combination with privately owned <DataGene Scientific
+  Laboratories Inc>, and <Milex Corp> a newly formed company,
+  through a stock swap.
+      It also said it received 100,000 dlrs from the sale of a
+  convertible note to Ventana Growth Fund as part of an overall
+  1,100,000 equity financing plan with Ventana. Under that plan,
+  a minimum of 400,000 dlrs and a maximum of one mln dlrs of
+  additional new capital is to be provided to fund the combined
+  operations of the three companies.
+      Microbiological also said that if the maximum additional
+  capital is raised, it will own about 49 pct of 4,550,00 shares
+  of common outstanding in the new combined company, DataGene
+  holders will own 29 pct, and Ventana and others will own 13
+  pct.
+      It said the remaining nine pct will be held by Milex
+  shareholder Norman Monson, who will become chief executive
+  officer of the combined companies.
+  
+
diff --git a/reuters/training/8400 b/reuters/training/8400
new file mode 100644
index 0000000000000000000000000000000000000000..ab4e9b543d2da3a1fc3d20dc1c52723e291a4125
--- /dev/null
+++ b/reuters/training/8400
@@ -0,0 +1,34 @@
+PORTUGUESE GRAIN AGENCY BAN OPPOSED BY MINISTER
+  Portugal's Agriculture Minister Alvaro
+  Barreto said he disagreed with a court order barring the state
+  grain buying agency EPAC from taking part in cereals import
+  tenders open to private traders.
+      Barreto told reporters his aim was to have EPAC readmitted
+  to the tenders.
+      Under the terms of Portugal's January 1986 accession to the
+  European Community (EC), a grain import monopoly held by EPAC
+  (Empresa Publica de Abastecimento de Cereais) is being reduced
+  by 20 pct annually until all imports are liberalised in 1990.
+      Following legal proceedings by private importers, Lisbon's
+  civil court decided in a preliminary ruling earlier this month
+  that EPAC should not be allowed to take part, as it had done,
+  in tenders for the liberalised share of annual grain imports.
+      As a result of this ruling, EPAC was excluded from a March
+  12 tender for the import of 80,000 tonnes of maize.
+      Barreto said, "My objective is put EPAC into the tenders
+  because it has a right to take part." He added the government
+  would be studying the court order to see whether or not the
+  ruling could stop EPAC from participating in future tenders.
+      Barreto said there was no reason to exclude any operator,
+  whether public or private, from the tenders. Private traders
+  had argued that EPAC, given its dominant position in the
+  Portuguese grain market, had an unfair advantage over them.
+      "There is no reason to make EPAC a martyr of the system,"
+  Barreto said. He said the EC's executive commission had
+  accepted the government's view that EPAC should be eligible.
+      The Lisbon court ruling stated that EPAC's participation in
+  the public tenders was unfair competition and violated the
+  clauses of Portugal's EC accession treaty dealing with the
+  gradual dismantling of the state agency's import monopoly.
+  
+
diff --git a/reuters/training/8401 b/reuters/training/8401
new file mode 100644
index 0000000000000000000000000000000000000000..a1c78aab9d4998d527c7fc0cc6716fb81e3ac18b
--- /dev/null
+++ b/reuters/training/8401
@@ -0,0 +1,10 @@
+STANDARD FEDERAL <SFB> OFFERS ZERO-POINT LOAN
+  Standard Federal Bank said it
+  introduced a zero-point fixed rate mortgage loan.
+      The loan program offers borrowers home mortgage financing
+  with no discount fees charged.
+      Standard said that fees charged will include an application
+  fee, commitment fee and out-of-pocket expenses such as title
+  work, survey, recording fees and private mortgage insurance.
+  
+
diff --git a/reuters/training/8402 b/reuters/training/8402
new file mode 100644
index 0000000000000000000000000000000000000000..c7809aebfb7548ac217689e9a62d009fb2a72165
--- /dev/null
+++ b/reuters/training/8402
@@ -0,0 +1,5 @@
+IRAQ OIL MINISTER QASSEM AHMED TAQI REPLACED, IRAQI NEWS AGENCY REPORTS
+
+  IRAQ OIL MINISTER QASSEM AHMED TAQI REPLACED, IRAQI NEWS AGENCY REPORTS
+  
+
diff --git a/reuters/training/8405 b/reuters/training/8405
new file mode 100644
index 0000000000000000000000000000000000000000..dcb43552f2e7d03f319785d94521c74bd6f5852a
--- /dev/null
+++ b/reuters/training/8405
@@ -0,0 +1,23 @@
+IRAQI OIL MINISTER REPLACED - OFFICIAL
+  Iraq's Oil Minister Qassem Ahmed Taqi
+  has been moved to the Heavy Industries ministry, the official
+  Iraqi news agcny INA said tonight.
+      It quoted a Presidential decree appointing Oil Ministry
+  undersecretary Isam Abdul-Rahim Al-Chalaby as the new Oil
+  Minister.
+      The Ministers of Industry and Communication and Transport
+  had both been relieved of their posts, the news agency said.
+      No immediate explanation was given for the changes.
+      Al-Chalaby is the head of the Iraqi National Oil Company.
+      INA said the decree, signed by President Saddam Hussein,
+  relieved the Minister of Heavy Industries, Subhi Yassin Khadeir
+  of his post and appointed him a Presidential adviser.
+      His ministry was formerly known as the Industry and Mineral
+  Resources Ministry. The Minister of Communications and
+  Transport, Abdel-Jabbar Abdel-Rahim al-Asadi was also relieved
+  of his post and replaced by a member of the ruling Baath party
+  regional command, Mohammed Hamza al-Zubeidi. Al-Zubedei is also
+  a Presidential adviser. All three ministers involved in the
+  reshuffle had spent more than four years in their posts.
+  
+
diff --git a/reuters/training/8406 b/reuters/training/8406
new file mode 100644
index 0000000000000000000000000000000000000000..10ef1a281b3e5733de60b9aeb6d9d7b3e40e9620
--- /dev/null
+++ b/reuters/training/8406
@@ -0,0 +1,16 @@
+ALLEGHENY <AI> SUED OVER PROPOSED BUYOUT
+  Allegheny International Inc said it
+  and First Boston Inc's <FBC> Sunter Holdings Corp subsidiary
+  have been named as defendants in a class action filed in the
+  Court of Common Pleas for Allegheny County, Pa., which seeks an
+  injunction against Allegheny's proposed merger into Sunter.
+      The company said its board and some former directors and
+  First Boston were also named as defendants.
+      It said it and Sunter intend to vigorously oppose the
+  action.
+      Allegheny said the class action suit alleges the price to
+  be paid in the transaction is grossly unfair. The company said
+  the suit's allegations are similar to those contained in an
+  earlier federal court suit.
+  
+
diff --git a/reuters/training/8407 b/reuters/training/8407
new file mode 100644
index 0000000000000000000000000000000000000000..b82ca92f05c8050de92bf35173a57c9f3ba3a9b4
--- /dev/null
+++ b/reuters/training/8407
@@ -0,0 +1,11 @@
+ASTROCOM CORP <ACOM> 4TH QTR NET
+  Shr one ct vs five cts
+      Net 19,174 vs 118,671
+      Revs 3,127,162 vs 2,936,330
+      Year
+      Shr eight cts vs 30 cts
+      Net 198,290 vs 712,087
+      Revs 12.4 mln vs 11.6 mln
+      Avg shrs 2,603,588 vs 2,376,604
+  
+
diff --git a/reuters/training/8409 b/reuters/training/8409
new file mode 100644
index 0000000000000000000000000000000000000000..51ea05d884495c5d08eab3aee2125e62c574f6d9
--- /dev/null
+++ b/reuters/training/8409
@@ -0,0 +1,6 @@
+JUNO LIGHTING INC <JUNO> 1ST QTR FEB 28 NET
+  Shr 43 cts vs 32 cts
+      Net 1,991,000 vs 1,485,000
+      Sales 11.7 mln vs 9,479,000
+  
+
diff --git a/reuters/training/8413 b/reuters/training/8413
new file mode 100644
index 0000000000000000000000000000000000000000..ae6a87529926782738c9a7b527258bdc31d8d015
--- /dev/null
+++ b/reuters/training/8413
@@ -0,0 +1,31 @@
+U.S. FARM POLICY DEBATE COULD HIT SENATE SOON
+  The Senate this week might take up
+  proposed legislation that could serve as a lightning rod to
+  expose broad initiatives to change U.S. farm policy.
+      The Senate could consider a House-passed bill that would
+  allow wheat and feedgrains farmers to receive at least 92 pct
+  of their income support payments if flooding last year
+  prevented, or will prevent, them from planting their 1987
+  crops, Senate staff members told Reuters.
+      Also pending is a bill extend the life of the National
+  Commission on Dairy Policy.
+      Sen. Rudy Boschwitz, R-Minn., intends to offer an amendment
+  to one of the bills that would suspend the minimum planting
+  requirement for all 1987 wheat, feedgrain, cotton and rice
+  producers, an aide said.
+      Under current law, producers must plant at least 50 pct of
+  their base acreage to be eligible for 92 pct of their
+  deficiency payments.
+      Most major U.S. farm groups have lobbied hard against
+  making any fundamental changes in the 1985 farm bill out of
+  fear a full-scale debate could expose agricultural problems to
+  budget-cutting pressures.
+      Representatives of these farm groups have said they also
+  fear efforts by Midwestern Democrats to force a floor vote on a
+  bill that would require large acreage set-asides in return for
+  sharply higher support prices.
+      However, Sen. Tom Harkin, D-Iowa, sponsor of the bill, told
+  Reuters he did not intend to offer his measure as a floor
+  amendment but to bring it through the committee.
+  
+
diff --git a/reuters/training/8415 b/reuters/training/8415
new file mode 100644
index 0000000000000000000000000000000000000000..d9efd7d549652fa8e22680dfc8fdf5aec271d062
--- /dev/null
+++ b/reuters/training/8415
@@ -0,0 +1,13 @@
+TIN PACT SPECIAL SESSION THIS WEEK ROUTINE
+  A further special session of the
+  International Tin Council, ITC, held here tomorrow, March 24,
+  will give member countries an update on the latest debate over
+  the hundreds of millions of sterling lost when its buffer stock
+  price support scheme failed in October 1985, delegates said.
+      But the ITC quarterly session scheduled for April 8-9 will
+  be important, as the council will by then be wanting to decide
+  on whether the current pact should be extended beyond June 30
+  or just allowed to expire, delegates said. A two year extension
+  is possible.
+  
+
diff --git a/reuters/training/8416 b/reuters/training/8416
new file mode 100644
index 0000000000000000000000000000000000000000..1acd73512f8d568d60c649cc98365f1c6f410953
--- /dev/null
+++ b/reuters/training/8416
@@ -0,0 +1,45 @@
+TIN COUNCIL WINDING-UP VERDICT APPEALED
+  Amalgamated Metal Trading, AMT, today
+  lodged an appeal against the ruling which prevented its
+  petition to wind up the International Tin Council, ITC.
+      The verdict was given by Mr Justice Millett on January 22,
+  when AMT led an effort by ITC creditors to recover sums claimed
+  by banks and London Metal Exchange brokers as a result of the
+  collapse of the ITC's buffer stock operations in October 1985.
+  AMT had until March 26 to lodge its appeal.
+      The grounds for the appeal are that the judge erred on
+  three points when giving his verdict, Michael Arnold, head of
+  the broker creditors group Tinco Realisations, told Reuters.
+      The judge ruled that the U.K. Court had no jurisdiction to
+  wind up the Tin Council, that the ITC was not an association
+  within the meaning of the Companies Act, and that the
+  winding-up petition was not a proceeding in respect of an
+  arbitration award. AMT will contest all three points.
+      The U.K. Companies Act allows the possibility of the
+  winding-up of what it defines as an association, and AMT will
+  argue that the Tin Council falls within this definition, Arnold
+  said.
+      The ITC has immunity except for the enforcement of an
+  arbitration award, and thus it is important for AMT that the
+  court accepts that the winding-up petition represents a move to
+  enforce an arbitration ruling.
+      The court originally decided that the winding-up petition
+  went wider than the enforcement of such a debt, an AMT
+  spokesman said.
+      The appeal is unlikely to be heard for several months, but
+  a case brought by fellow ITC creditor Maclaine Watson is to be
+  heard on April 28. This is a move by the metal broker to have a
+  receiver appointed over the ITC's assets.
+      Since similar arguments will be used in this case, it is
+  possible that any appeal in the Maclaine Watson case could be
+  consolidated with AMT's appeal, Arnold said.
+      Other ITC creditors have brought direct actions against the
+  Council's member states and an application by the governments
+  to strike out the first of these, brought by J.H. Rayner
+  (Mincing Lane) Ltd, is to be heard on May 11.
+      Shearson Lehman Brothers action against the LME's tin
+  "ring-out" in March 1986 is also scheduled to be heard in the
+  near future. The hearing date has now been put back slightly to
+  June 8.
+  
+
diff --git a/reuters/training/842 b/reuters/training/842
new file mode 100644
index 0000000000000000000000000000000000000000..bc4913e5205318b0c52b1ca0196ce28c325bf128
--- /dev/null
+++ b/reuters/training/842
@@ -0,0 +1,16 @@
+ICO COUNCIL ENDS IN FAILURE TO AGREE QUOTAS
+  A special meeting of the International
+  Coffee Organization (ICO) council failed to agree on how to set
+  coffee export quotas, ICO delegates said.
+      Producers and consumers could not find common ground on the
+  issue of quota distribution in eight days of arduous, often
+  heated talks, delegates said.
+      Export quotas -- the major device of the International
+  Coffee Agreement to stabilise prices -- were suspended a year
+  ago after coffee prices soared in reaction to a drought in
+  Brazil which cut its output by two thirds.
+      Delegates and industry representatives predicted coffee
+  prices could plummet more than 100 stg a tonne to new four year
+  lows tomorrow in response to the results of the meeting.
+  
+
diff --git a/reuters/training/8421 b/reuters/training/8421
new file mode 100644
index 0000000000000000000000000000000000000000..ee3ca57c3b3fec6bc7cd06dcc64680f3a0089b27
--- /dev/null
+++ b/reuters/training/8421
@@ -0,0 +1,59 @@
+U.S. PREPARED TO ESCORT KUWAITI TANKERS
+  The United States has offered Navy
+  warships to escort Kuwaiti oil tankers into and out of the 
+  Gulf where they could be threatened by new Iranian anti-ship
+  missiles, U.S. defense officials said today.
+      "We believe the Kuwaitis have also approached the Soviet
+  Union about the possibility of using Soviet tankers" to ship
+  their oil, one of the officials told Reuters. "But if there is
+  superpower protection, we would rather it come from us," the
+  official said.
+      The officials, who asked not to be identified, said Kuwait
+  had asked about possible protection for a dozen vessels, most
+  of them oil tankers, which could be supplied by three U.S. Navy
+  guided missile destroyers and two guided missile frigates now
+  in the southern part of the Gulf.
+      "We told them we would give them help and we are waiting to
+  hear the Kuwaiti response to our offer," one official said.
+      In addition to a half dozen ships in the U.S. Navy's small
+  Mideast Task Force near the Straits of Hormuz, the Pentagon has
+  moved 18 warships -- including the Aircraft Carrier Kitty Hawk
+  -- into the northern Indian Ocean in the past month.
+      White House and defense officials said today that massing
+  of the fleet was routine and had nothing to do with the
+  Iran-Iraq war or Iran's recent stationing of Chinese-made 
+  anti-ship missiles near the mouth of the Gulf.
+      The land-based missiles have increased concern in Kuwait
+  and other Middle East countries that their oil shipments might
+  be affected. Several hundred vessels have been confirmed hit in
+  the  Gulf by Iran and Iraq since early 1984. White House
+  spokesman Marlin Fitzwater told reporters today that it was in
+  the U.S. strategic interest to keep the free flow of oil in the
+  gulf and through the Straits of Hormuz.
+      But he said U.S. ships in the region were on routine
+  maneuvers.
+      Defense Secretary Caspar Weinberger on Sunday declined to
+  discuss specifics, but said the United States would do whatever
+  was necessary to keep the Gulf shipping open in the face of new
+  Iranian anti-ship missiles in the region.
+      "We are fully prepared to do what's necessary to keep the
+  shipping going and keep the freedom of navigation available in
+  that very vital waterway of the world," he said on NBC
+  television's "Meet the Press."
+      The State Department said Friday Iran has been informed
+  about U.S. concern over the threat to oil shipments in the
+  Gulf. The communciation was sent through Switzerland, which
+  represents American interests in Iran.
+       Iran on Sunday denied as baseless reports that it intended
+  to threaten shipping in the gulf and warned the United States
+  that any interference in the region would meet a strong
+  response from Tehran, Tehran Radio said.
+      An Iranian Foreign Ministry spokesman, quoted in a
+  broadcast monitored by the BBC in London, said reports that
+  Iran intends to threaten shipping in the Gulf were baseless.
+      "In conjunction with this misleading propaganda, America has
+  already paved the ground to achieve its expansionist and
+  hegemonistic intentions, aiming to build up its military
+  presence in the region," he was quoted as saying.
+  
+
diff --git a/reuters/training/8422 b/reuters/training/8422
new file mode 100644
index 0000000000000000000000000000000000000000..554299d6f8b1ca80a452ff9fc6662308c9371aa7
--- /dev/null
+++ b/reuters/training/8422
@@ -0,0 +1,23 @@
+TIMBER REALIZATION <TRX> TO SELL REMAINING ACRES
+  Timber Realization Co said it has
+  agreed to sell its remaining 50,000 acres of timberland
+  property in Mississippi for about 11.3 mln dlrs in cash.
+      Timber Realization, a limited partnership formed to dispose
+  of timberlands and related properties transferred to it by the
+  <Masonite Corp>, said that when this sale is completed the
+  partnership will have received about 15.2 mln dlrs in cash and
+  notes from the sale of its properties since December 23, 1986.
+      The partnership said it will terminate before August 3,
+  1987.
+      Prior to that date, the partnership said it expects to form
+  a liquidating trust to provide for unresolved claims and
+  liablities.
+      Timber Realization said the amount retained in that trust
+  will depend on its experience in resolving open items up to the
+  termination date, but it added it expects to retain a
+  substantial amount in the trust.
+      The partnership said it anticipates making a cash
+  distribution of an as yet undetermined amount to unitholders at
+  or before the liquidation trust's funding date.
+  
+
diff --git a/reuters/training/8424 b/reuters/training/8424
new file mode 100644
index 0000000000000000000000000000000000000000..d94f857d763ba46ca7d57f4b0ca60ead984781cd
--- /dev/null
+++ b/reuters/training/8424
@@ -0,0 +1,8 @@
+PIONEER SYSTEMS INC <PAE> YEAR NOV 29 LOSS
+  Oper shr loss five cts vs loss 1.28 dlrs
+      Oper net loss 155,000 vs loss 3,982,000
+      Sales 37.1 mln vs 34.2 mln
+      NOTE: Net excludes losses from discontinued fabric
+  finishing operations of 3,431,000 dlrs vs 5,910,000 dlrs.
+  
+
diff --git a/reuters/training/8425 b/reuters/training/8425
new file mode 100644
index 0000000000000000000000000000000000000000..a6abcb69dd6c4cc235008bf5dc71d4896861009c
--- /dev/null
+++ b/reuters/training/8425
@@ -0,0 +1,7 @@
+AMERICAN SHARED HOSPITAL SERVICES <AMSH> YEAR
+  Period ended December 31.
+      Shr profit 11 cts vs loss 24 cts
+      Net profit 224,271 vs loss 511,349
+      Revs 7,258,688 vs 7,200,349
+  
+
diff --git a/reuters/training/8426 b/reuters/training/8426
new file mode 100644
index 0000000000000000000000000000000000000000..2f84c0b0c0cdf236f72805023a296942a06c5666
--- /dev/null
+++ b/reuters/training/8426
@@ -0,0 +1,6 @@
+GEO. A. HORMEL AND CO <HRL> 
+  Qtly div 15 cts vs 15 cts previously
+      Pay May 15
+      Record April 18
+  
+
diff --git a/reuters/training/8427 b/reuters/training/8427
new file mode 100644
index 0000000000000000000000000000000000000000..dc9dc0d903016b9c8b452fdaea2394a285a1a373
--- /dev/null
+++ b/reuters/training/8427
@@ -0,0 +1,42 @@
+BOLIVIA'S TOP UNION LEADER JOINS MINERS FAST
+  Bolivia's top union leader today joined
+  a hunger strike by 1,300 state employed miners and workers to
+  press for higher wages he said.
+      Juan Lechin Oquendo, the veteran secretary general of the
+  Bolivian Labour Organization, COB, told reporters: "I am
+  joining the fast to abide with our call for a hunger strike".
+      Lechin, 83, became one of 12 COB leaders to join a hunger
+  strike to protest against the austerity programme of the
+  government of president Victor Paz Estenssoro.
+      The striking leader began his fast as leaders of 9,000
+  miners employed by the state corporation COMIBOL were due to
+  star negotiations on ways to solve their conflict over pay.
+      About 1,300 miners and workers entered today their fourth
+  day of fast in union offices and Roman Catholic churches to
+  press for a substantial hike in Bolivia's minimum monthly wage,
+  which is 40 bolivianos (about 20 dlrs), COB leader Walter
+  Degadillo said.
+      "I will take part in the miners' negotiations because that
+  does not force me to suspend my fast," Lechin told reporters.
+      The COMIBOL miners' strike entered its fifth day to press
+  for higher wages and more funds for the mining nationalised
+  industry.
+      About 20,000 miners, or two-thirds of the working force,
+  have been laid off through the government's decision to
+  streamline the deficit-ridden state corporation following a
+  collapse in the international tin price.
+      The government, faced with mounting social unrest against
+  its economic policies, has called the miners' strike and fasts
+  part of a campaign aimed at discrediting it during the visit of
+  West German president Richard von Weizsaecker, who began a
+  four-day visit last Friday.
+      "I regret not being able to attend an invitation by
+  president Weizsaecker to a dinner tonight because I am on a
+  hunger strike," Lechin told reporters. "I also have to orga-
+  nise the strike."
+      Weizsaecker is hosting a dinner tonight for Paz Estenssoro
+  and had invited both Lechin and Victor Lopez, the miners'
+  federation top leader. Although lopez has not joined the fast,
+  union sources said its unlikely he would attend the dinner.
+  
+
diff --git a/reuters/training/8428 b/reuters/training/8428
new file mode 100644
index 0000000000000000000000000000000000000000..dc914fc6eb2d291a1c51af1bec66861e24350569
--- /dev/null
+++ b/reuters/training/8428
@@ -0,0 +1,12 @@
+TWO U.S. BANCORP <USBC> UNITS MERGE
+  U.S. Bancorp's Pacific State
+  Bank of Lincoln City said it plans to merge with U.S. Bancorp's
+  U.S. National Bank of Oregon.
+      Under the pact, Pacific State will become part of the U.S.
+  Bank branch system.
+      The company said the merger is expected to be completed
+  after mid-year, following regulatory approval.
+      All local staff and management will remain the same, it
+  said.
+  
+
diff --git a/reuters/training/8429 b/reuters/training/8429
new file mode 100644
index 0000000000000000000000000000000000000000..997bccac84a2730888b1631a8df17046b50d2282
--- /dev/null
+++ b/reuters/training/8429
@@ -0,0 +1,5 @@
+MTS ACQUISITION HAS NEGLIGIBLE NUMBER OF CAESARS WORLD SHARES
+
+  MTS ACQUISITION HAS NEGLIGIBLE NUMBER OF CAESARS WORLD SHARES
+  
+
diff --git a/reuters/training/843 b/reuters/training/843
new file mode 100644
index 0000000000000000000000000000000000000000..c8161e471ef87273585a573ec3319e0be0eb8bcd
--- /dev/null
+++ b/reuters/training/843
@@ -0,0 +1,65 @@
+FRANCE HAS LITTLE ROOM FOR MANOEUVRE, OECD SAYS
+  French industry is failing to produce the
+  goods its markets need and its loss of competitiveness has left
+  the government little room for manoeuvre to reflate the
+  economy, the Organisation for Economic Cooperation and
+  Development said.
+      With gross domestic product likely to grow only 2.1 pct
+  this year, the same rate as last year, unemployment could climb
+  to 11.5 pct of the workforce by mid-1988, from its present 10.9
+  pct, it said in an annual review of the French economy.
+      The report said the French economy was "increasingly
+  ill-adapted to demand" selling goods at "uncompetitive relative
+  prices on both domestic and export markets."
+      "France's poor export performance reflects a geographical
+  bias in favour of markets less dynamic than the average...
+  And...A substantial loss of market share...In the past 18
+  months," it said.
+      Pointing to a likely widening of the French trade deficit
+  to around 2.9 billion dlrs this year from 2.4 billion in 1986,
+  it warned that a further depreciation of the dollar against the
+  franc could lead to "a (renewed) loss of competitiveness
+  relative not only to the United States but also to the newly
+  industrialised countries."
+      This could result in further major losses of market share,
+  particularly in the non-OECD area, which accounts for almost a
+  quarter of French exports, it said.
+      Until the competitive ability of industry improved, the
+  authorities would have "little scope for macroeconomic
+  manoeuvre, even if the unemployment situation or the need to
+  encourage a pickup in investment could require demand to grow
+  more briskly," it added.
+      But rising unemployment could help to hold down wage
+  demands, contributing to a slowdown in inflation to around a
+  two pct annual rate this year and early next, the OECD said.
+      Written mainly in December last year, the report took no
+  account of a rise in oil prices early in 1987, and a 0.9 pct
+  surge in January consumer prices, caused partly by the
+  government's deregulation of service sector tariffs.
+      "We took a bet that the freeing of prices would not provoke
+  runaway rises, and it is not absolutely certain that bet has
+  been lost," one OECD official commented.
+      OECD officials said the January data and a rise in oil
+  prices above the 15 dlrs a barrel average assumed in the
+  report, indicated an upward revision in the inflation forecast
+  to around 2.5 or three pct.
+      The government last week revised its forecast up to between
+  2.4 and 2.5 pct from two pct, against last year's 2.1 pct.
+      But the OECD backed the government's view that the
+  underlying trend for inflation remained downwards this year,
+  with a slowdown in domestic costs taking over from last year's
+  fall in oil and commodity prices as the chief cause of
+  disinflation.
+      With French unit productivity costs now among the lowest in
+  the OECD area, the inflation differential between France and
+  its main trading rival, West Germany, could fall to just one
+  pct this year, it said.
+      On the other hand, the report noted, consumer prices for
+  industrial goods and private services have been rising steeply
+  as companies built up their profits.
+      "For the disinflationary process to continue , and price
+  competitiveness to become lastingly compatible with exchange
+  rate stability, it is essential that wage restraint continue,"
+  it said.
+  
+
diff --git a/reuters/training/8430 b/reuters/training/8430
new file mode 100644
index 0000000000000000000000000000000000000000..e24d09769ac18cddaae5c04f32ad8cd322ce82c7
--- /dev/null
+++ b/reuters/training/8430
@@ -0,0 +1,23 @@
+WOLVERINE <WWW> TO SELL TWO SUBSIDIARIES
+  Wolverine World Wide Inc said
+  it signed a letter of intent to sell to an investment group two
+  subsidiaries, Kaepa Inc, an athletic footwear maker, and its
+  international marketing arm, Kara International Inc.
+      Terms were not disclosed.
+      Wolverine said the action continues the restructuring
+  operation begun last July to make the company more competitive
+  and profitable. Wolverine said it will concentrate its effort
+  in the athletic footwear market in its Brooks footwear
+  division.
+      Wolverine said it expects "favorable results in the second
+  half as a result" of its restructuring. In 1986 it said
+  restructuring helped improve its financial capabilities.
+      The company reported a 12.6 mln dlr loss, or 1.75 dlrs a
+  share, in 1986 due largely to a 9.0 mln dlr restructuring
+  charge and a 4.0 mln dlr inventory evaluation readjustment
+  taken in the second quarter.
+      Since that time, it has sold two small retail operations,
+  closed and consolidated five domestic footwear factories and
+  closed about 15 retail locations.
+  
+
diff --git a/reuters/training/8432 b/reuters/training/8432
new file mode 100644
index 0000000000000000000000000000000000000000..83302e49b80071671eb7620f4d40c5c888b9ad98
--- /dev/null
+++ b/reuters/training/8432
@@ -0,0 +1,9 @@
+PACIFICARE <PHSY> IN TALKS TO ACQUIRE HMO
+  PacifiCare Health Systems Inc
+  said it is in negotiations to acquire Capital Health Care, a
+  40,000 member health maintenance organization servicing Salem
+  and Corvallis, Ore.
+      The company said it will not disclose terms or other
+  details of the acquisition until negotiations are completed.
+  
+
diff --git a/reuters/training/8433 b/reuters/training/8433
new file mode 100644
index 0000000000000000000000000000000000000000..ecb58e1f5e351ebd28785a1b399608af01a9ee10
--- /dev/null
+++ b/reuters/training/8433
@@ -0,0 +1,5 @@
+MTS ACQUISITION HAD TALKS WITH PRATT HOTEL, SOUTHMARK ON CAESARS WORLD PURCHASE
+
+  MTS ACQUISITION HAD TALKS WITH PRATT HOTEL, SOUTHMARK ON CAESARS WORLD PURCHASE
+  
+
diff --git a/reuters/training/8435 b/reuters/training/8435
new file mode 100644
index 0000000000000000000000000000000000000000..1267c7d2c7e2cb956bbe8463611a7823dc28e90c
--- /dev/null
+++ b/reuters/training/8435
@@ -0,0 +1,12 @@
+INITIALS PLUS <IINC> SEES SHARP SALES INCREASE
+  Initials Plus said it expects sales in
+  the year ending January 31, 1988 to exceed 10 mln dlrs.
+      The company had sales last year of 256,000 dlrs.
+      Initials said it expects to turn profitable some time in
+  1988 and sees sales of 100 mln dlrs annually by the end of
+  1989.
+      The company said it now has over 100 personal retailers
+  marketing its products and expects to have more than 1,000 by
+  the end of 1987.
+  
+
diff --git a/reuters/training/8438 b/reuters/training/8438
new file mode 100644
index 0000000000000000000000000000000000000000..8deb5190d7c1d8031e00ea67c034ddb462ec8c2b
--- /dev/null
+++ b/reuters/training/8438
@@ -0,0 +1,36 @@
+SOSNOFF HAS SMALL NUMBER OF CAESARS <CAW> SHARES
+  Martin T. Sosnoff said his <MTS
+  Acquisition Corp> to date has received only a "negligible"
+  number of Caesars World Inc shares in response to its 28-dlr-
+  per-share tender offer for all shares.
+      Sosnoff also said he has held preliminary talks with Pratt
+  Hotel Corp <PRAT> and Southmark Corp <SM> on forming a joint
+  venture to enter into talks to acquire Caesars in a friendly
+  transaction in which Sosnoff would have a 50 pct interest and
+  Pratt and Southmark the remainder.
+      Sosnoff said the talks with Pratt and Southmark are not
+  being actively pursued at the presentand may or may not be
+  continued in the future.  He said there could be no assurance
+  that a joint venture would be formed or that Caesars would
+  agreed to talks.  "Several preliminary contacts with
+  representatives of Caesars have not resulted in any indication
+  that it wishes to enter into such negotiations," Sosnoff said.
+      He said based on talks with staff members of gaming
+  authorities, there can be no assurance that the necessary
+  regulatory review of its bid for Caesars World can be completed
+  by the original April Three expiration date.
+      Sosnoff said it has extended the tender until May 15.  The
+  bid remains subject to regulatory approvals and the arrangement
+  of financing.
+      Pratt, which owns the Sands Hotel and Casino in Atlantic
+  City, N.J., where Caesars operates the Boardwalk Regency Hotel
+  and Casino, recently waged an apparently unsuccessful campaign
+  to acquire control of Resorts International Inc <RTA> against
+  New York developer Donald Trump.  Southmark owns about 37 pct
+  of Pratt Hotel.
+      Caesars World's boasrd has urged rejection of the offer on
+  the grounds that it is inadequate and has said it would
+  investigate alternative transactions.  Sosnoff currently owns
+  about 13.3 pct of Caesars World.
+  
+
diff --git a/reuters/training/844 b/reuters/training/844
new file mode 100644
index 0000000000000000000000000000000000000000..7551d1c9cc0932706f3f0d028d3a0e81dd6ff092
--- /dev/null
+++ b/reuters/training/844
@@ -0,0 +1,14 @@
+PAINEWEBBER<PWJ> UNIT UPS SHAER SHOE <SHS> STAKE
+  Mitchell Hutchins Asset Management
+  Inc, a New York investment firm and subsidiary of PaineWebber
+  Group Inc, said it raised its voting stake in Shaer Shoe Corp
+  to 76,000 shares, or 7.5 pct, from 52,100 shares, or 5.1 pct.
+      In a filing with the Securities and Exchange Commission,
+  Mitchell Hutchins said it bought 11,900 shares between Jan 8
+  and Feb 24 at prices ranging from 12.125 to 12.75 dlrs a share
+  and obtained voting control over another 12,000 shares.
+      The firm has said it bought the stake as an investment on
+  behalf of its clients, but said it has had discussions with
+  Shaer management. It did not disclose the topic of the talks.
+  
+
diff --git a/reuters/training/8440 b/reuters/training/8440
new file mode 100644
index 0000000000000000000000000000000000000000..564e15b45739cf3fb5ff376f88ba190c667b1061
--- /dev/null
+++ b/reuters/training/8440
@@ -0,0 +1,40 @@
+IRAQ REPORTS ATTACKS ON SUPERTANKER, OIL TARGETS
+  Iraq said today its warplnes had
+  attacked a supertanker and four Iranian oil sites and vowed to
+  keep up such raids until the Gulf war ends.
+      The surprise escalation of attacks on oil installations
+  broke more than a month-long lull in Iraqi air force action.
+      It also followed celebrations yesterday of what Baghdad
+  hailed as Iran's failure to achieve victory during the Iranian
+  year which ended on Saturday.
+      A high command communique said warplanes hit the western
+  jetty at Iran's Kharg island oil terminal in the afternoon and
+  struck a supertanker nearby at the same time.
+      The Kharg terminal, attacked about 135 times since August
+  1985, was last raided in January.
+      The communique did not identify the supertanker, but said
+  columns of smoke were seen billowing from it.
+      In London, Lloyds insurance said the 162,046-ton Iranian
+  tanker Avaj was hit on Saturday, when Iraq reported an earlier
+  Gulf attack.
+      But there has been no independent confirmation of today's
+  supertanker attack nor of other raids on shipping reported by
+  Baghdad in the past 24 hours.
+      The last confirmed Iraqi attack took place on March eight,
+  when the Iranian tanker Khark-5 was hit south of Kharg.
+      Iraqi warplanes also struck Iran's offshore oilfields at
+  Nowruz, Cyrus and Ardeshir in northern gulf, some 80 km (50
+  miles) west of Kharg island, today's communique said.
+      The three oilfields have been raided several times in the
+  past three years. Oil sources said they were not crucially
+  important to Iran's oil export trade.
+      A second high command communique today said Iraqi warplanes
+  flew 94 sorties against Iranan targets and positions at the war
+  front.
+      It also reported a clash between Iraqi naval units and
+  several Iranian boats carrying men to attack an Iraqi oil
+  terminal at the northen tip of the Gulf.
+      Two Iranian boats wer destroyed and sunk with their
+  occupants and the others fled, it said.
+  
+
diff --git a/reuters/training/8441 b/reuters/training/8441
new file mode 100644
index 0000000000000000000000000000000000000000..b393ff7b08eafc02a5241c3bde348e1a037f63c6
--- /dev/null
+++ b/reuters/training/8441
@@ -0,0 +1,77 @@
+TALKING POINT/WENDY'S INTERNATIONAL <WEN>
+  Takeover speculation buoyed Wendy's
+  International Inc's stock, even after Coca Cola Co took the
+  fizz out of market rumors by denying it was an interested
+  suitor.
+      Wendy's retreated from an earlier high of 13-3/8, and lost
+  a point when Coca Cola <KO> said the rumors were untrue.
+  However, Wendy's remained up 5/8 at 12-3/8 on volume of more
+  than three mln shares.
+      Several analysts were skeptical of the rumors, yet they
+  said they could not conclude a takeover of the fast food
+  restaurant chain was impossible.
+      Wendy's declined comment on takeover rumors of all kinds.
+  Yet, a Wendy's spokesman said the company was aware of a
+  Business Week article, which named Coke as a potential suitor
+  and which market sources said helped ignite the rumor mill.
+      Market sources mentioned Anheuser-Busch Inc <BUD> and
+  Pepsico Inc <PEP> as alternatives to Coke as acquirers. Neither
+  of those companies would comment, nor would the Wendy's
+  official.
+      "It doesn't happen every day, every week, every month, but
+  its not unusual for us to be linked with those companies," said
+  Denny Lynch, Wendy's vice president of communications.
+      However, Lynch would not comment specifically on the
+  current market rumors.
+      Even before Coke denied the rumors, analysts had been
+  skeptical of a takeover since Atlanta-based Coke has stated it
+  views fast food chains as customers and does not want to become
+  a competitor to them.
+      "I can't put another name on it," said Kidder peabody
+  analyst Jay Freedman as vaguer rumors continued to hold up
+  Wendy's stock. "It very well could be someone's interested."
+      But Freedman said he doesn't believe now is the right time
+  for Wendy's to be sold.
+      "They're obviously having operational difficulties. I've
+  always believed at the right price Wendy's would consider (an
+  offer), but I can't believe this is the right price at the
+  right time," Freedman said.
+      "If a transaction takes place, the buyer's going to control
+  the situation," Freedman said.
+      "I just don't think there's anything going on. I don't
+  think it's worth much more than where it is," said Joseph Doyle
+  of Smith Barney.
+      Analysts said Wendy's has suffered largely from the "burger
+  wars" between itself, McDonald's Corp <MCD> and Pillsbury Co's
+  <PSY> Burger King chain. Wendy's, the third largest fast food
+  hamburger chain in the U.S., lost about 11 pct in same store
+  sales last year, analysts said.
+      Wendy's also fumbled when it introduced a high-priced
+  breakfast, which it has since withdrawn, analysts said. Some
+  analysts said the company should be bringing in new products,
+  but it is too soon to predict a significant turnaround.
+      There are analysts, however, who believe Wendy's may be
+  vulnerable to a takeover.
+      James Murren of C.J. Lawrence said Wendy's could be worth
+  14 to 15 dlrs on a break-up basis. He said the company has
+  improved its debt-to-equity ratio and Wendy's owns a high
+  percent of its own restaurants - 38 pct of 3,500.
+      "They also have some attractive leaseholds on their
+  restaurants," Murren said.
+      Murren said that despite the downturn in sales last year,
+  Wendy's real sales, store for store, turned upwards in the
+  fourth quarter. "That was about the first time in seven
+  quarters," he said.
+      Caroline Levy of E.F. Hutton also believes something could
+  be going on with Wendy's. "My gut feeling is something's going
+  to happen. I don't know what," she said.
+      She estimated a takeover price would be at least 15 dlrs
+  per share.
+      One analyst speculated that Coke became the rumored suitor
+  because Wendy's decided to sell Coke at its fountains instead
+  of Pepsi.
+      Wendy's is currently embroiled in litigation brought by
+  Pepsi, which holds a contract with the company, analysts said.
+  Pepsi's soda is still sold in the Wendy's restaurants.
+  
+
diff --git a/reuters/training/8443 b/reuters/training/8443
new file mode 100644
index 0000000000000000000000000000000000000000..32b7a6f9f17a3f8368038960464cce1a9ce73f4f
--- /dev/null
+++ b/reuters/training/8443
@@ -0,0 +1,5 @@
+U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS  SOYBEANS 13,417 WHEAT 12,003 CORN 27,623
+
+  U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS  SOYBEANS 13,417 WHEAT 12,003 CORN 27,623
+  
+
diff --git a/reuters/training/8446 b/reuters/training/8446
new file mode 100644
index 0000000000000000000000000000000000000000..69cac43d20e591851040fd343e46f43f02667b29
--- /dev/null
+++ b/reuters/training/8446
@@ -0,0 +1,23 @@
+EC COMMISSION SET TO DETAIL GRAIN IMPORT PLAN
+  The EC Commission will decide shortly
+  precisely how to arrange the import of third country maize and
+  sorghum into the EC in fulfilment of its agreement with the
+  United States, Commission sources said.
+      Under the accord, reached following U.S. complaints about
+  the impact on its agricultural exports of Spanish EC
+  membership, the EC will import two mln tonnes of maize and
+  300,000 tonnes of sorghum a year up to end of 1990.
+      All this produce will be imported into Spain at special
+  levy levels likely to be below those applying for imports into
+  other EC countries.
+      The sources said it was possible that the Spanish
+  intervention board would be asked to buy the produce directly
+  this year, as it was rather late to make other arrangements.
+      They added that the choice for future years appears to lie
+  between a system of regular tenders and the setting of a daily
+  special levy applicable to Spanish imports.
+      There will initially be no tax on re-exports of maize and
+  sorghum from Spain to other EC countries, although such a tax
+  could be imposed later, the sources added.
+  
+
diff --git a/reuters/training/8447 b/reuters/training/8447
new file mode 100644
index 0000000000000000000000000000000000000000..22a6f27e3106ce60f9f4f01e47f2e118f6aa38db
--- /dev/null
+++ b/reuters/training/8447
@@ -0,0 +1,13 @@
+PATIENT TECHNOLOGY INC <PTI> YEAR LOSS
+  Shr loss 12 cts vs loss 63 cts
+      Net loss 596,000 vs loss 2,934,000
+      Revs 7,261,000 vs 6,600,000
+      Year
+      Oper shr loss 14 cts vs loss 1.28 dlrs
+      Oper net loss 683,000 vs loss 5,824,000
+      Revs 29.8 mln vs 22.7 mln
+      Avg shrs 4,930,000 vs 4,546,000
+      NOTE: Year net excludes losses from discontinued operations
+  of 764,000 dlrs vs 5,152,000 dlrs.
+  
+
diff --git a/reuters/training/8448 b/reuters/training/8448
new file mode 100644
index 0000000000000000000000000000000000000000..b63d30d673aeeaa07d9c5f7504ec19bb84833eab
--- /dev/null
+++ b/reuters/training/8448
@@ -0,0 +1,9 @@
+GEMINI TECHNOLOGY INC <GMTIF> YEAR LOSS
+  Shr loss 74 cts
+      Net loss 4,192,613
+      Revs 2,928,021
+      Note: 1986 net includes 3,095,000 dlr write-off tied to
+  discontinuation of emulator board production.
+      Co's 1st fl-yr of operation.
+  
+
diff --git a/reuters/training/8449 b/reuters/training/8449
new file mode 100644
index 0000000000000000000000000000000000000000..eb6a618e870c4779b9456e87a054c662bb96a8ca
--- /dev/null
+++ b/reuters/training/8449
@@ -0,0 +1,25 @@
+SOCIETE GENERALE REPORTS HIGHER 1986 PROFITS
+  France's Societe Generale <SGEN.PA> bank,
+  which will be sold to the private sector in the second half of
+  this year, reported increased profits for last year.
+      Societe Generale, one of the three largest state-owned
+  banking groups, said in a statement that its parent company
+  profit for 1986 totalled 800 mln francs, up 21.2 pct on 1985's
+  660 mln profit.
+      This was in line with earlier forecasts of profit of
+  between 770 and 800 mln francs.
+      The bank's parent company gross operating profits were up
+  5.4 pct at 21.34 billion francs against 20.24 billion in 1985.
+      The increase in the bank's gross operating profits was
+  mostly due to a rise in french franc deposits and personal
+  loans as well as the development of its financial activities,
+  Societe Generale said.
+      Parent company net banking earnings last year were also up
+  at 13.9 billion francs compared with 13.57 billion in 1985
+  while operating costs totalled 7.44 billion francs against 6.67
+  billion the previous year.
+      Societe Generale President Marc Vienot said in December he
+  expected group 1986 consolidated profits to rise to between 2.5
+  billion and 2.6 billion francs from 1.62 billion in 1985.
+  
+
diff --git a/reuters/training/8451 b/reuters/training/8451
new file mode 100644
index 0000000000000000000000000000000000000000..cf6cf2c320183460ca80d59fe9dcb2ebb4a96ccd
--- /dev/null
+++ b/reuters/training/8451
@@ -0,0 +1,13 @@
+FRENCH HOUSEHOLD CONSUMPTION FALLS IN FEBRUARY
+  French household consumption of
+  industrial goods fell 1.1 pct seasonally adjusted to 21.32
+  billion francs last month from 21.55 billion in January, the
+  National Statistics Institute (INSEE) said.
+      This brought consumption back down to the December 1986
+  level, it added.
+      INSEE said that the fall was due to a sharp decline in
+  purchases of clothing, which were high in January due to the
+  cold weather. The decline was partly compensated by a small
+  rise in purchases of durable goods.
+  
+
diff --git a/reuters/training/8453 b/reuters/training/8453
new file mode 100644
index 0000000000000000000000000000000000000000..02054a038633f898ea553419640fcfad3101a4a1
--- /dev/null
+++ b/reuters/training/8453
@@ -0,0 +1,24 @@
+FRENCH ECONOMIC COUNCIL PESSIMISTIC ON 1987 GROWTH
+  France's Economic and Social Council
+  (CES), an advisory body comprising industrialists, trade
+  unionists and representatives of other sectors of the French
+  economy, said the country's annual growth may not reach two pct
+  in 1987.
+      French gross domestic product risks not reaching the two
+  pct growth registered last year, the Council said in a report
+  on first quarter 1987 economic activity without giving any
+  specific forecasts. Finance Minister Edouard Balladur was
+  quoted today as saying that French 1987 growth will probably be
+  about two pct.
+      Balladur said in an interview with the financial daily Les
+  Echos that the country's economic growth will probably be about
+  the same as last year due to a less favourable international
+  environment.
+      CES President Philippe Neeser said one of the major fears
+  for the French economy this year was a resurge in inflation.
+      Disinflation was an absolute priority, Neeser told
+  journalists, adding that a failure to do this would be
+  extremely serious as if would be very difficult to reverse for
+  many years.
+  
+
diff --git a/reuters/training/8454 b/reuters/training/8454
new file mode 100644
index 0000000000000000000000000000000000000000..61e6654ce38b2c12b0db4759add33b54f962210f
--- /dev/null
+++ b/reuters/training/8454
@@ -0,0 +1,6 @@
+UNIFORCE TEMPORARY <UNFR> SETS SPLIT
+  Uniforce Temporary
+  Personnel Inc said it declared a three-for-two stock split,
+  payable May 15 to stockholders of record April 14.
+  
+
diff --git a/reuters/training/8457 b/reuters/training/8457
new file mode 100644
index 0000000000000000000000000000000000000000..3bb4e48fdf7620189731c0735508420d13dd22dc
--- /dev/null
+++ b/reuters/training/8457
@@ -0,0 +1,14 @@
+MANHATTAN NATIONAL CORP <MLC> 4TH QTR LOSS
+  Oper shr loss 20 cts vs loss 81 cts
+      Oper net loss 1,042,000 vs loss 4,077,000
+      Revs 38.5 mln vs 50.3 mln
+      12 mths
+      Oper shr loss six cts vs loss 43 cts
+      Oper net loss 336,000 vs loss 2,176,000
+      Revs 137.8 mln vs 209.1 mln
+      NOTE: qtrs 1986 and prior exclude net realized investment
+  gains of 74,000 dlrs and 644,000 dlrs, respectively, and years
+  1986 and prior exclude realized investment gains of 642,000
+  dlrs and 1,979,000 dlrs, respectively.
+  
+
diff --git a/reuters/training/8458 b/reuters/training/8458
new file mode 100644
index 0000000000000000000000000000000000000000..7b0c9e8e7c51fcc7a1d63a17412ee5232d436d0c
--- /dev/null
+++ b/reuters/training/8458
@@ -0,0 +1,6 @@
+KIDDIE PRODUCTS INC <KIDD> YEAR NET
+  Shr 1.25 dlrs vs 1.14 dlrs
+      Net 472,254 vs 446,805
+      Revs 21.4 mln vs 19.4 mln
+  
+
diff --git a/reuters/training/846 b/reuters/training/846
new file mode 100644
index 0000000000000000000000000000000000000000..54d78af4f3e638705057a7bdb57d5a7fc7ad6f78
--- /dev/null
+++ b/reuters/training/846
@@ -0,0 +1,10 @@
+TELECREDIT INC <TCRD> 3RD QTR JAN 31 NET
+  Shr 32 cts vs 22 cts
+      Net 3,454,000 vs 2,224,000
+      Revs 33.2 mln vs 28.1 mln
+      Nine mths
+      Shr 64 cts vs 38 cts
+      Net 6,935,000 vs 3,877,000
+      Revs 86.8 mln vs 70.9 mln
+  
+
diff --git a/reuters/training/8467 b/reuters/training/8467
new file mode 100644
index 0000000000000000000000000000000000000000..ea8c1747429a2a617afcd426fe6551233f89fce5
--- /dev/null
+++ b/reuters/training/8467
@@ -0,0 +1,10 @@
+BELLSOUTH <BLS> COMPLETES PURCHASE FOR SHARES
+  BellSouth Corp said it completed its
+  previously-announced agreement to acquire <Dataserv Inc> for an
+  exchange of shares.
+      BellSouth said under the Nov 25, 1986, agreement, it
+  exchanged one of its common shares for every 13.3 Dataserv
+  common shares. The exchange reflects the Feb 23 three-for-two
+  BellSouth stock split, the company said.
+  
+
diff --git a/reuters/training/8472 b/reuters/training/8472
new file mode 100644
index 0000000000000000000000000000000000000000..9c49eac5164bb4ae5c055373930f1b7132314ab8
--- /dev/null
+++ b/reuters/training/8472
@@ -0,0 +1,19 @@
+REXHAM <RXH> GETS TAKEOVER OFFER
+  Rexham Corp, a maker of
+  packaging materials and machinery, said it received an
+  unsolicited offer of 43 dlrs a share from Nortek Inc <NTK>.
+      Nortek, a Providence, R.I., textile manufacturer, has
+  disclosed it holds 381,050 Rexham shares, or about 9.1 pct of
+  the outstanding, the company said.
+      Rexham said it does not welcome the proposal but added its
+  board will study the offer and respond in due course.
+      Nortek has proposed paying half cash and half Nortek
+  convertible preferred stock for Rexham, which has about 4.2 mln
+  shares outstanding.
+      The cash portion would include the amount previously paid
+  for the Rexham stake and the terms of the convertible preferred
+  stock would be negotiated, the company said.
+      Rexham said it received the takeover offer in a letter from
+  Nortek.
+  
+
diff --git a/reuters/training/8475 b/reuters/training/8475
new file mode 100644
index 0000000000000000000000000000000000000000..c3120725a10981e8b58b0346d0a315d79c9b0d5a
--- /dev/null
+++ b/reuters/training/8475
@@ -0,0 +1,12 @@
+BANCA D'AMERICA E D'ITALIA 1986 YEAR
+  Net profits for year ended December 31
+  1986 1.3 billion lire vs 47.3 billion
+      Deposits from clients 3,691.0 billion lire vs 3,419.0
+  billion
+      Loans to clients 2,448.0 billion lire vs 2,181.5 billion
+      Note: The bank, sold by Bankamerica Corp <BK.N> last
+  December to West Germany's Deutsche Bank AG <DBKG.F>, said the
+  sharp fall in net profit reflected various factors including
+  higher set-asides for risk coverage and a high tax burden.
+  
+
diff --git a/reuters/training/8478 b/reuters/training/8478
new file mode 100644
index 0000000000000000000000000000000000000000..d6691c4bd32f84c02a1b4fee1d1da991be34984d
--- /dev/null
+++ b/reuters/training/8478
@@ -0,0 +1,25 @@
+ENERGY ANALYST PROPOSES U.S. OIL TARIFF
+  Energy analyst Edward Krapels said
+  the United States should consider an oil tariff to keep U.S.
+  dependence on imports below 50 pct.
+      "On the supply side, the argument in favor of a contingent,
+  variable import tariff is most persuasive," Krapels, president
+  of Energy Security Analysis, Inc said in a statement at a House
+  Energy and Power subcommittee hearing.
+      "An optimal tariff would be one implemented only if the
+  international price of crude oil falls below, say, 15 dlrs a
+  barrel. On the demand side, the obvious policy is an excise tax
+  on transportation fuels," Krapels said.
+      But William Johnson of the Jofree Corp disagreed with the
+  oil tariff proposal, saying Congress should remove price
+  controls on natural gas, repeal the windfall profits tax on oil
+  companies, allow exports of Alaskan oil and provide tax
+  incentives for U.S. oil production, or, at the least, preserve
+  exisiting tax incentives for drilling. He also urging filling
+  the Strategic Petroleum Reserve at a faster rate.
+      Richard Adkerson of Arthur Andersen and Co told the
+  subcommittee oil imports were expected to increase because
+  funds for exploration and development of domestic oil sources
+  cannot now be economically justified due to low oil prices.
+  
+
diff --git a/reuters/training/8479 b/reuters/training/8479
new file mode 100644
index 0000000000000000000000000000000000000000..45634832e2208a1c6a651da0b2024895b10f031a
--- /dev/null
+++ b/reuters/training/8479
@@ -0,0 +1,11 @@
+SECURITY CAPITAL <SCC> SUSPENDS DIVIDENDS
+  Security Capital Corp said it has
+  suspended quarterly cash dividend payments indefinitely.
+      The company also said its board has withdrawn authroization
+  for the company to buy its stock on the open market. Its
+  previous dividend payment was five cts on February 24.
+      Security Capital said this action was taken in response to
+  its continuing operating losses, primarily at Benjamin Franklin
+  Savings Association, a Houston-based subsidiary.
+  
+
diff --git a/reuters/training/848 b/reuters/training/848
new file mode 100644
index 0000000000000000000000000000000000000000..5e28749faecebfedccc445ee09ef9f095b01fc22
--- /dev/null
+++ b/reuters/training/848
@@ -0,0 +1,10 @@
+LASER PRECISION CORP <LASR> 4TH QTR NET
+  Shr profit 14 cts vs profit two cts
+      Net profit 452,723 vs profit 50,581
+      Revs 5,065,543 vs 2,898,363
+      Year
+      Shr profit 45 cts vs loss 15 cts
+      Net profit 1,276,472 vs loss 340,081
+      Revs 16.0 mln vs 9,304,466
+  
+
diff --git a/reuters/training/8480 b/reuters/training/8480
new file mode 100644
index 0000000000000000000000000000000000000000..03e83f3b885c285187266e280f5a030f0160615c
--- /dev/null
+++ b/reuters/training/8480
@@ -0,0 +1,13 @@
+AUDITORS LIFT QUALIFICATION ON BRUNSWICK <BC>
+  Auditors of Brunswick Corp lifted a
+  four year qualification on the company's financial statements,
+  vice president-finance Frederick Florjancic told securities
+  analysts here.
+      The financial results for the diversified leisure and
+  defense/aerospace company had been qualifed by Arthur Andersen
+  and Co since 1982.
+      The qualification related to certain tax liabilities,
+  amounting to 65 mln dlrs, associated with a medical division
+  sold by Brunswick in 1982, he said.
+  
+
diff --git a/reuters/training/8481 b/reuters/training/8481
new file mode 100644
index 0000000000000000000000000000000000000000..b5cb96c7d82cb1661b3e4e8b317b7016c684deac
--- /dev/null
+++ b/reuters/training/8481
@@ -0,0 +1,8 @@
+ALC COMMUNICATIONS CORP <ALCC> 1986 LOSS
+  Shr loss 4.63 vs loss 2.43
+      Net loss 60,780,000 vs loss 28,898,000
+      Rev 499.7 mln vs 432.1 mln
+      NOTE: 1986 net includes loss of 49.9 mln dlrs for
+  restructuring charges.
+  
+
diff --git a/reuters/training/8487 b/reuters/training/8487
new file mode 100644
index 0000000000000000000000000000000000000000..fdb04fcf94dfd936c72e7872fc8d071fec294705
--- /dev/null
+++ b/reuters/training/8487
@@ -0,0 +1,6 @@
+LESCO INC <LSCO> 1ST QTR FEB 28 LOSS
+  Shr loss 24 cts vs profit three cts
+      Net loss 982,779 vs profit 104,418
+      Revs 11.2 mln vs 12.3 mln
+  
+
diff --git a/reuters/training/8488 b/reuters/training/8488
new file mode 100644
index 0000000000000000000000000000000000000000..1a552e5c0a68b34551057f68df36032cc3158ccd
--- /dev/null
+++ b/reuters/training/8488
@@ -0,0 +1,11 @@
+SEISMIC ENTERPRISES INC <SEIS> 4TH QTR LOSS
+  Shr loss eight cts vs profit 10 cts
+      Net loss 714,905 vs profit 889,679
+      Revs 1,091,461 vs 3,156,569
+      Year
+      Shr loss five cts vs profit 22 cts
+      Net loss 422,037 vs profit 1,850,637
+      Revs 6,642,490 vs 7,948,312
+      Avg shrs 8,808,323 vs 8,412,822
+  
+
diff --git a/reuters/training/8489 b/reuters/training/8489
new file mode 100644
index 0000000000000000000000000000000000000000..c2aa1129c5d3f1c7149f194468bfd6eb3bc5d7ac
--- /dev/null
+++ b/reuters/training/8489
@@ -0,0 +1,11 @@
+ALC <ALCC> ANTICIPATES 1ST QTR PROFIT
+  ALC Communications Corp said
+  that because of strong traffic growth and cost reductions it
+  anticipates reporting a profit for the first quarter of 1987,
+  versus a loss of 1.4 mln dlrs, or 15 cts a share, for the first
+  quarter of 1986.
+      Earlier, the company reported a net after-tax loss for 1986
+  of 60.8 mln dlrs, or 4.63 dlrs a share, compared with a loss of
+  28.9 mln dlrs, or 2.43 dlrs a share, in 1985.
+  
+
diff --git a/reuters/training/849 b/reuters/training/849
new file mode 100644
index 0000000000000000000000000000000000000000..1ccecd2be14f23917895c2c4bbc18b3f71083b78
--- /dev/null
+++ b/reuters/training/849
@@ -0,0 +1,10 @@
+REXNORD <REX> TO REDEEM RIGHTS
+  Rexnord Inc said it will redeem
+  all of its preferred stock purchase rights for 10 cts a right
+  effective today.
+      Rexnord said the rights will be redeemed because it is
+  expected its shares will be tendered under a January 30
+  takeover offer from Banner Acquisition Corp. The rights trade
+  in tandem with Rexnord's common stock.
+  
+
diff --git a/reuters/training/8490 b/reuters/training/8490
new file mode 100644
index 0000000000000000000000000000000000000000..0f45b838dc105311d1c88c946a17a724e0efd09b
--- /dev/null
+++ b/reuters/training/8490
@@ -0,0 +1,6 @@
+VARLEN CORP <VRLN> DECLARES QTLY DIVIDEND
+  Qtly div 15 cts vs 15 cts prior
+      Pay April 30
+      Record April 15
+  
+
diff --git a/reuters/training/8491 b/reuters/training/8491
new file mode 100644
index 0000000000000000000000000000000000000000..23ee16c9e3b54afdb4e3da676fcd47d0638deda2
--- /dev/null
+++ b/reuters/training/8491
@@ -0,0 +1,6 @@
+ANALYSIS AND TECHNOLOGY INC <AATI> HIKES PAYOUT
+  Annual div 11 cts vs 10 cts prior
+      Pay April 24
+      Record March 31
+  
+
diff --git a/reuters/training/8493 b/reuters/training/8493
new file mode 100644
index 0000000000000000000000000000000000000000..d6fa6df30686b420bafdebd4be61a72c46ff1511
--- /dev/null
+++ b/reuters/training/8493
@@ -0,0 +1,16 @@
+IRAQ REPLACES OIL MINISTER IN BIG GOVT SHUFFLE
+  Iraqi President Saddam Hussein carried
+  out his first major government shakeup in five years tonight,
+  naming a new oil minister in shuffling three posts.
+      One minister was dropped in the shuffle, announced in a
+  presidential decree. It gave no reason for the changes in the
+  government of the Arab Baath Socialist Party which has ruled
+  Iraq since a revolution in 1968.
+      The decree named the head of the Iraqi National Oil Company
+  (INOC), Isam Abdul-Rahim al-Chalaby, to take over as oil
+  minister replacing Qassem Ahmed Taqi.
+      Taqi, appointed oil minister in the last significant
+  government reorganization in 1982, was moved to be minister of
+  heavy industries.
+  
+
diff --git a/reuters/training/8496 b/reuters/training/8496
new file mode 100644
index 0000000000000000000000000000000000000000..6c660d96041adefb88007d88b8655fa5964328e8
--- /dev/null
+++ b/reuters/training/8496
@@ -0,0 +1,18 @@
+CAESARS <CAW> HAS NO COMMENT ON MTS TALKS
+  Caesars World Inc declined
+  immediate comment on news that Martin Sosnoff's <MTS
+  Acquisition Corp> has held preliminary talks with two companies
+  on the possibility of forming a joint venture to pursue the
+  acquisition of Caesars.
+      Earlier today MTS said it held talks with Pratt Hotel Corp
+  <PRAT> and Southmark Corp <SM> on forming a venture to acquire
+  Caesars.
+      MTS also reported that it received a "negligible" number of
+  Caesars World shares in response to its 28 dlr per share tender
+  offer.
+      Earlier this month Caesars World rejected the Sosnoff
+  takeover bid and said it is considering alternatives that
+  include a restructuring or sale of the company to another
+  party.
+  
+
diff --git a/reuters/training/8497 b/reuters/training/8497
new file mode 100644
index 0000000000000000000000000000000000000000..cbdbc5df26fa5d31308a062e8c126f896154c2db
--- /dev/null
+++ b/reuters/training/8497
@@ -0,0 +1,29 @@
+DIXONS SAYS CITICORP TO WITHDRAW CYCLOPS OFFER
+  <Dixons Group PLC> said it received a
+  letter on March 19 from Citicorp Capital Investors Ltd, part of
+  the Cyacq investor group making a rival bid for Cyclops Corp
+  <CYL>, proposing to drop the group's offer if Dixons would sell
+  Cyclops industrial businesses to Citicorp.
+      "Cyacq's main equity investor appears ready to pull out and
+  deal directly with us for merely part of the company" said
+  Dixons. "It raises questions as to the strength of their
+  consortium and the purpose of their offer."
+      Dixons also said a U.S. Federal Court had refused a request
+  by counsel for Cyacq, Audio/Video Affiliates Inc <AVA> and a
+  shareholder plaintiff to prevent Dixons from
+  completing its tender offer for Cyclops. It also said the court
+  refused to require Cyclops to provide Cyacq with confidential
+  information previously provided to Dixons.
+      On Friday Cyacq Corp, an investor group led by Audio/Video
+  Affiliates and Citicorp, raised their offer for Cyclops to
+  92.50 dlrs per share from 80 dlrs per share, if certain
+  conditions were satisfied.
+      Last week Dixons said it won out over rival bidders for
+  Cyclops after getting 54 pct of Cyclop's oustanding with a
+  90.25 dlr or 384 mln dlr tender offer that expired March 18.
+      On Friday, Dixons agreed to reopen its tender offer until
+  March 25, Wednesday.
+      Dixons today called Cyacq's higher 92.50 dlr a share offer
+  for Cyclops "highly conditional."
+  
+
diff --git a/reuters/training/85 b/reuters/training/85
new file mode 100644
index 0000000000000000000000000000000000000000..044abf6986f233b8a642ec15acbfdf99cb51e3a3
--- /dev/null
+++ b/reuters/training/85
@@ -0,0 +1,6 @@
+COMBUSTION ENGINEERING INC <CSP> REGULAR DIV
+  Qtly div 25 cts vs 25 cts prior
+      Pay April 30
+      Record April 16
+  
+
diff --git a/reuters/training/850 b/reuters/training/850
new file mode 100644
index 0000000000000000000000000000000000000000..c55f9195ccff373aa9c87c1d9b4f6084cfe834f4
--- /dev/null
+++ b/reuters/training/850
@@ -0,0 +1,13 @@
+CANTREX UNIT TO MERGE WITH ONTARIO GROUP
+  (Groupe Cantrex Inc) said it plans to
+  merge a new wholly-owned subsidiary a merger agreement with
+  (CAP Appliance Purchasers Inc), of Woodstock, Ontario, a group
+  of about 400 appliance and electronics retailers.
+      It said CAP shareholders will receive 140,700 first
+  preferred Groupe Cantrex shares entitling the holders to
+  receive 6.05 dlrs per share or the equivilant in class A
+  subordinate voting Cantrex shares.
+      The merger is effective April one and is subject to
+  shareholder approval.         
+  
+
diff --git a/reuters/training/8501 b/reuters/training/8501
new file mode 100644
index 0000000000000000000000000000000000000000..1fdc8d54b927738cc71222ef169bf693ebb3c46f
--- /dev/null
+++ b/reuters/training/8501
@@ -0,0 +1,6 @@
+PRIMARK CORP <PMK> REGULAR DIVIDEND
+  Qtly div 32.5 cts vs 32.5 cts in prior qtr
+      Payable Mary 15
+      Record April 15
+  
+
diff --git a/reuters/training/8502 b/reuters/training/8502
new file mode 100644
index 0000000000000000000000000000000000000000..5675c299e169a154f8d9343476502945a441f197
--- /dev/null
+++ b/reuters/training/8502
@@ -0,0 +1,7 @@
+SAXON OIL DEVELOPMENT PARTNERS <SAX> IN PAYOUT
+  Qtly div two cts vs two cts prior
+      Pay May 15
+      Record March 31
+      NOTE: Full name Saxon Oil Development Partners LP.
+  
+
diff --git a/reuters/training/8506 b/reuters/training/8506
new file mode 100644
index 0000000000000000000000000000000000000000..a08152c4cb17a8d3b0596ea898d0e2d80847630d
--- /dev/null
+++ b/reuters/training/8506
@@ -0,0 +1,50 @@
+IBM <IBM> REBOUND SEEN BY BERNSTEIN ANALYST
+  International Business Machines Corp,
+  hit by a two-year earnings slump, should begin a come-back by
+  the end of 1987 and post strong growth in 1988, analyst Rick
+  Martin of Sanford C. Bernstein Co Inc said.
+      "There will be increasing momentum in earnings, albeit not
+  until later this year," Martin said at a technology conference
+  sponsored by the investment firm.
+      Martin said the coming rebound reflects new product
+  introductions in the mid-range area, rather than any drastic
+  improvement in economic growth or U.S. capital spending.
+      IBM, whose stock hit a 52-week low of 115-3/4 dlrs in
+  mid-January, has come back lately. IBM was trading up 7/8 at
+  149-1/2 dlrs.
+      Analysts, computer industry executives, and the company
+  itself, have highlighted the external economic factors
+  hampering IBM's growth.
+      But Martin said the product cycle was key to understanding
+  the rise and fall of IBM and other computer companies, and
+  pointed to Digital Equipment Corp <DEC> to support his view.
+  "By replacing the product line, earnings have soared," he said
+  of DEC's line of VAX computers.
+      In contrast to DEC, IBM faultered with an incompatible
+  mid-range product line. A new computer code-named "Fort Knox"
+  was supposed to tie together a number of IBM's mid-range
+  systems, but the product never got off the ground, he said.
+      Instead, aspects of the computer were integrated into the
+  IBM 9370 machine introduced last year, and other aspects should
+  be unwrapped by 1988, Martin said. "The major story will be a
+  rebound in its mid-range business."
+      He said sales of IBM's mid-range computers fell about 13
+  pct in 1986. But the new products will lead to 5.8 pct growth
+  in mid-range computers this year and 30.7 pct growth in 1988.
+      High-end computers, primarily the Sierra line, are coming
+  to the end of their product life cycle. Although growing 22.5
+  pct in the midst of IBM's sharply lower 1986 year, growth will
+  drop to 1.5 pct in 1987 and 1.9 pct in 1988, he said.
+      By 1988, overall revenue growth should rise to about 16
+  pct, against 5.8 pct growth in 1987 and 2.4 pct in 1986, Martin
+  said. Last year, IBM earned 4.8 billion dlrs on revenues of
+  51.3 billion dlrs.
+      Investors asked what this all meant to DEC, whose earnings
+  and stock have been propelled by a strong slew of product
+  introductions in the mid-range area.
+      In response, Martin said he did not view IBM as a threat to
+  DEC, nor DEC as a threat to IBM, because both companies were
+  catering largely to existing customer bases, rather than
+  stealing market share from one another.
+  
+
diff --git a/reuters/training/8509 b/reuters/training/8509
new file mode 100644
index 0000000000000000000000000000000000000000..03f99469ce02b7fefb39162464093ad6b7da4786
--- /dev/null
+++ b/reuters/training/8509
@@ -0,0 +1,22 @@
+CITICORP (CCI) SEEKS CYCLOPS <CYL> STEEL UNIT
+  Citicorp Capital Investors Ltd, a
+  unit of Citicorp, said it wants to buy Cyclops Corp's steel
+  assets from Dixons Group PLC and is willing to pay 124.4 mln
+  dlrs, nearly 13 mln dlrs more than had been offered for the
+  assets by Alleghany Corp.
+      The disclosure of the Citicorp unit's interest in Cyclops'
+  Industrial Group came in disclosure documents filed by Dixons
+  Group with the Securities and Exchange Commission.
+      Alleghany's MSL Industries Inc unit had agreed to buy the
+  steel assets from Dixons Group for 111.6 mln dlrs.
+      Dixons Group has tendered for all outstanding Cyclops
+  shares at 90.25 dlrs a share in cash.
+      The Citicorp unit said its higher offer came to about three
+  dlrs more for each Cyclops share outstanding.
+      As a condition of its offer, it said Dixons would have to
+  increase the cash price it was to pay for each Cyclops share to
+  93.25 dlrs in cash.
+      Dixons on Friday extended the expiration time of its tender
+  offer until midnight (EST) March 24.
+  
+
diff --git a/reuters/training/851 b/reuters/training/851
new file mode 100644
index 0000000000000000000000000000000000000000..791e6f617912fc8ad46d1e213b7137650dd3f09b
--- /dev/null
+++ b/reuters/training/851
@@ -0,0 +1,14 @@
+INVESTMENT FIRM BOOSTS LDBRINKMAN <DBC> STAKE
+  Two affiliated investment firms and
+  the investment funds they control said they raised their
+  combined stake in LDBrinkman Corp to 653,600 shares, or 10.9
+  pct of the total outstanding from 585,600 shares, or 9.7 pct.
+      In a filing with the Securities and Exchange Commission,
+  Fidelity International Ltd, a Bermuda-based firm, said its
+  funds bought 68,000 LDBrinkman common shares between Jan 5 and
+  Feb 19 at prices ranging from 5.30 to 5.445 dlrs a share.
+      Funds controlled by FMR Corp, a Boston-based investment
+  firm affiliated with Fidelity, hold 251,100 shares, bringing
+  the combined total to 653,600 shares, Fidelity said.
+  
+
diff --git a/reuters/training/8510 b/reuters/training/8510
new file mode 100644
index 0000000000000000000000000000000000000000..b7ff1b4f6a4601bdcf30ef71223650ac8201bd6b
--- /dev/null
+++ b/reuters/training/8510
@@ -0,0 +1,39 @@
+BRUNSWICK <BC> SEES HIGHER 1987 FIRST QUARTER
+  Brunswick Corp expects 1987 first
+  quarter sales to be up "dramatically" and profits to "do well,"
+  chairman and president Jack Reichert said after a securities
+  analysts meeting.
+      He declined to be more specific.
+      In the 1986 first quarter, Brunswick reported earnings of
+  23.8 mln dlrs or 57 cts a share on sales of 396.7 mln dlrs.
+      Reichart noted that results of its two newly-acquired boat
+  manufacturing companies will be included in the company's first
+  quarter report.
+      Brunswick expects its recreation centers to benefit from
+  increased attention to the sport of bowling resulting from
+  acceptance in the 1988 Summer Olympics of bowling as an
+  exhibition sport and as a medal sport in the 1991 Pan American
+  Games, he said.
+      He said field testing of a new bowling concept involving
+  electronic features is being readied for test marketing this
+  summer, and if successful, could "materially benefit"
+  operations.
+      Brunswick is currently test marketing in California a
+  health club facility adjoining a bowling center, he said.
+      Turning to its defense operations, Reichert said he expects
+  the division to receive significant contracts in the near
+  future. At 1986 year end, Brunswick's defense contract backlog
+  stood at 425 mln dlrs.
+      Frederick Florjancic, vice president-finance, told analysts
+  Brunswick was disappointed two credit rating services recently
+  downgraded the company's debt which stood at about 665.4 mln
+  dlrs at 1986 year end.
+      "We are confident we can service our debt and bring it down
+  in the very near term," based on strong cash flow from
+  Brunswick's expanded boat operations, Florjancic said.
+      Shareholders at the company's April 27 annual shareholders
+  meeting will be asked to approve an increase in the authorized
+  common shares outstanding to 200 mln from 100 mln shares, a
+  company spokesman said.
+  
+
diff --git a/reuters/training/8512 b/reuters/training/8512
new file mode 100644
index 0000000000000000000000000000000000000000..7711d3c5c9db0c980bdf0a6bc9dd601ee3dcfa30
--- /dev/null
+++ b/reuters/training/8512
@@ -0,0 +1,26 @@
+MARK IV <IV> UNIT TO BEGIN CONRAC <CAX> TENDER
+  Mark IV Industries Inc said it plans
+  to begin a tender offer at 25 dlrs a share for all outstanding
+  shares of Conrac Corp <CAX>, a Stamford, Conn., maker of
+  control instruments and telecommunications products.
+      Mark IV said it owns about 670,400 shares or about 9.9 pct
+  of Conrac's outstanding shares.
+      The offer, to be made through Mark IV Acquisition Corp, a
+  wholly owned subsidiary, will not be conditioned on any minimum
+  number of shares being tendered, the company said.
+      The tender offer will be conditioned upon, among other
+  things, the completion of financing arrangements.
+      The terms and conditions of the offer will be described in
+  documents to be filed with the Securities and Exchange
+  Commission and mailed to Conrac shareholders as soon as
+  possible.
+      Bear Stearns and Co is expected to act as dealer manager
+  for the offer, it said.
+      A Conrac spokesman declined comment.
+      Conrac has about 6.75 mln shares outstanding. Its shares
+  closed off 1-3/8 at 21-1/8 as about 84,400 shares changed
+  hands.
+      Mark IV is a Williamsville, N.Y., maker of pastic products
+  and industrial control equipment.
+  
+
diff --git a/reuters/training/8513 b/reuters/training/8513
new file mode 100644
index 0000000000000000000000000000000000000000..5acc9591bba3c91fc924b32fdf7885cb938fc238
--- /dev/null
+++ b/reuters/training/8513
@@ -0,0 +1,13 @@
+WEATHERFORD <WII> SUSPENDS PREFERRED PAYOUTS
+  Weatherford International said it
+  suspended indefinitely payment of its regular quarterly
+  dividend of 65.6 cts per share on its 2.625 convertible
+  exchangeable cumulative preferred stock.
+      Weatherford said this will be the sixth non-payment of the
+  dividend on the stock. It said payment would have been on April
+  15, 1987.
+      Weatherford also said the holders of the preferred stock
+  will have the right to elect two additional directors to the
+  board of directors.
+  
+
diff --git a/reuters/training/8514 b/reuters/training/8514
new file mode 100644
index 0000000000000000000000000000000000000000..34bc39f4dc1211a288ff966007339fe62ce9f4c4
--- /dev/null
+++ b/reuters/training/8514
@@ -0,0 +1,11 @@
+MHI GROUP <MH> AFFILIATED WITH CEMETARY OFFER
+  MHI Group Inc said it is
+  affiliated with several investors who have entered into a
+  letter of intent providing for the purchase of Star of David
+  Memorial Gardens and Cemetery.
+      The company said those investors will, under certain
+  circumstances, cede their rights under the letter of intent and
+  any definitive agreement to purchase the Fort Lauderdale, Fla.,
+  funeral home and cemetery business to MHI.
+  
+
diff --git a/reuters/training/8516 b/reuters/training/8516
new file mode 100644
index 0000000000000000000000000000000000000000..5bcf5d7b945c5b404cf71384051dd29d55128631
--- /dev/null
+++ b/reuters/training/8516
@@ -0,0 +1,29 @@
+IRAQ REPORTS ATTACKS ON SUPERTANKER, OIL TARGETS
+  Iraq said its warplanes had attacked a
+  supertanker and four Iranian oil sites and vowed to keep up
+  such raids until the Gulf war ends.
+      The surprise escalation of attacks on oil installations
+  broke more than a month-long lull in Iraqi air force action.
+      It also followed celebrations yesterday of what Baghdad
+  hailed as Iran's failure to achieve victory during the Iranian
+  year which ended on Saturday.
+      A high command communique said warplanes hit the western
+  jetty at Iran's Kharg island oil terminal in the afternoon and
+  struck a supertanker nearby at the same time.
+      The Kharg terminal, attacked about 135 times since August
+  1985, was last raided in January.
+      The communique did not identify the supertanker, but said
+  columns of smoke were seen billowing from it.
+      In London, Lloyds insurance said the 162,046-ton Iranian
+  tanker Avaj was hit on Saturday, when Iraq reported an earlier
+  Gulf attack.
+      But there has been no independent confirmation of today's
+  supertanker attack nor of other raids on shipping reported by
+  Baghdad in the past 24 hours.
+      The last confirmed Iraqi attack took place on March 8, when
+  the Iranian tanker Khark-5 was hit south of Kharg.
+      Iraqi warplanes also struck Iran's offshore oilfields at
+  Nowruz, Cyrus and Ardeshir in northern gulf, some 80 km (50
+  miles) west of Kharg island, today's communique said.
+  
+
diff --git a/reuters/training/8518 b/reuters/training/8518
new file mode 100644
index 0000000000000000000000000000000000000000..6207a24044267e11ed1cae3c68c4d6e971d48345
--- /dev/null
+++ b/reuters/training/8518
@@ -0,0 +1,23 @@
+HARCOURT <HBJ> DISAPPOINTED WITH HARPER <HPR>
+  Harcourt Brace Jovanovich Inc said it
+  is disappointed that no negotiations with Harper and Row
+  Publishers Inc are underway.
+      Harcourt made a 50 dlrs a share unsolicited bid on March
+  11.
+      On March 17, Harcourt said three of its officers met with
+  Harper's financial advisor but has had no discussions since
+  then.
+      Harcourt said it does not plan to increase its bid.
+      Harcourt's bid was preceded by an earlier 34 dlrs a share
+  bid by Theodore Cross.
+      Harper had no response to Harcourt's announcement. Earlier
+  today, Harper said a recently appointed special committee of
+  independent directors had received expressions of interest from
+  several domestic and foreign firms with respect to
+  restructuring or acquisition transactions.
+      Harper said no determination had been made as to any
+  transaction and that its special committee is continuing in
+  talks with interested parties in an effort to come to a
+  conclusion in the near future.
+  
+
diff --git a/reuters/training/852 b/reuters/training/852
new file mode 100644
index 0000000000000000000000000000000000000000..cbc80ec977ae61e21686bdb4398e631bbdc357a5
--- /dev/null
+++ b/reuters/training/852
@@ -0,0 +1,16 @@
+ITT'S <ITT> HARTFORD UNIT POSTS 4TH QTR GAIN
+  Hartford Insurance Group, a unit
+  of New York-based ITT Corp, said higher worldwide premiums help
+  boost net income for the 1986 fourth quarter to 88.6 mln dlrs,
+  from net income of 36.7 mln dlrs for the 1985 quarter.
+     For the full year, Hartford said it earned 329 mln dlrs, up
+  from 151.4 mln dlrs in 1985.
+      Hartford said results for the year were aided by a gain of
+  46.5 mln dlrs on the sale of its remaining 52 pct stake in
+  Abbey Life Group PLC. For 1985, the company posted a gain of
+  14.3 mln dlrs on the sale of 48 pct of Abbey Life.
+      Hartford said total property-casualty and life-health
+  written premiums rose 25 pct in 1986, to eight billion dlrs,
+  from 6.4 billion dlrs in 1985.
+  
+
diff --git a/reuters/training/8520 b/reuters/training/8520
new file mode 100644
index 0000000000000000000000000000000000000000..7aeef84bf6e2387c1dcab2c24a6c603e98db1e9a
--- /dev/null
+++ b/reuters/training/8520
@@ -0,0 +1,6 @@
+CLUB MED INC <CMI> 1ST QTR JAN 31 NET
+  Shr 41 cts vs 38 cts
+      Net 5,630,000 vs 5,152,000
+      Revs 97.1 mln vs 85.4 mln
+  
+
diff --git a/reuters/training/8521 b/reuters/training/8521
new file mode 100644
index 0000000000000000000000000000000000000000..f63cb17baf00243dc1778df9dc38ac5150dea6af
--- /dev/null
+++ b/reuters/training/8521
@@ -0,0 +1,15 @@
+DRIVER-HARRIS CO <DRH> 4TH QTR NET
+  Shr profit 22 cts vs loss 2.15 dlrs
+      Net profit 271,000 vs loss 2,530,000
+      Revs 16.3 mln vs 15.2 mln
+      Avg shr 1,238,000 and 1,177,000
+      12 mths
+      Shr profit 82 cts vs loss 2.14 dlrs
+      Net profit 982,000 vs loss 2,517,000
+      Revs 66.5 mln vs 64.5 mln
+      Avg shrs 1,193,000 vs 1,177,000
+      NOTE: net loss 1985 yr and qtr includes a charge of
+  1,042,000, or 89 cts per share, for expenses related to
+  restructuring of company's domestic alloy business.
+  
+
diff --git a/reuters/training/8522 b/reuters/training/8522
new file mode 100644
index 0000000000000000000000000000000000000000..ba55ac22d91dabe322520bdff1e20e21a9365bf9
--- /dev/null
+++ b/reuters/training/8522
@@ -0,0 +1,31 @@
+1987 U.S. SOYBEAN LOAN SHOULD STAY SAME-AMSTUTZ
+  Congress should give the U.S.
+  Agriculture Secretary the authority to keep the 1987 soybean
+  loan rate at the current effective rate of 4.56 dlrs per bushel
+  in order to help resolve the problem of soybean export
+  competitiveness, USDA undersecretary Dan Amstutz said.
+      Speaking to reporters following a Senate Agriculture
+  Appropriations hearing, Amstutz suggested that one way out of
+  the current soybean program "dilemma" would be for Congress to
+  allow the loan rate to remain at 4.56 dlrs. He indicated if the
+  loan rate were 4.56 dlrs, USDA could then consider ways to make
+  U.S. soybeans more competitive such as using certificates to
+  further buydown the loan rate.
+      Under current law, the 1987 soybean loan rate cannot be
+  less than 4.77 dlrs per bu.
+      Amstutz' suggestion would be for Congress to change the
+  farm bill to allow USDA to leave the soybean loan rate at 4.56
+  dlrs in crop year 1987 rather than increase it to 4.77 dlrs.
+      The 1986 effective loan rate is 4.56 dlrs because of the
+  4.3 pct Gramm-Rudman budget cut.
+      Amstutz stressed that a major factor in any decision on
+  soybean program changes will be the budget costs.
+      He told the hearing that the problem in soybeans is that
+  the U.S. loan rate provides an "umbrella" to foreign production
+  and causes competitive problems for U.S. soybeans.
+      Asked about the American Soybean Association's request for
+  some form of income support, Amstutz said "the competitive
+  problem is the most severe." He said USDA is still studying the
+  situation and "no resolution" has yet been found.
+  
+
diff --git a/reuters/training/8526 b/reuters/training/8526
new file mode 100644
index 0000000000000000000000000000000000000000..a760ea164bc46d54679b70bae75dd086223bdeef
--- /dev/null
+++ b/reuters/training/8526
@@ -0,0 +1,26 @@
+COOPER DEVELOPMENT <BUGS> RESTATES RESULTS
+  Cooper Development Co said it
+  revised results for the year ended October 31 to a loss of 61.7
+  mln dlrs, or 2.33 dlrs per share, down from the
+  previously-reported loss of 12.1 mln dlrs, or 46 cts per share.
+      The restatement was made because of change in the method of
+  accounting for a combination of several company-controlled
+  concerns that resulted in a 53.5 mln dlr charge, Cooper
+  Development said.
+      Last August Cooper Development combined its Cooper
+  Biomedical Inc unit and its Cooper Laboratories subsidiary with
+  Technicon Instruments Corp, a company acquired from Revlon Inc
+  <REV>, a Cooper spokesman said.
+      The spokesman said the transaction was accounted for as an
+  acquisition, but the Securities and Exchange Commission took
+  issue with the accounting method and said it should be
+  accounted for as a reorganization of entities under common
+  control.
+      This treatment requires that the costs associated with the
+  transaction be expanded rather than capitalized as an
+  intangible asset, the company said.
+      It also said that, since the charged required an expensing
+  of previously accrued liabilities, the company will experience
+  no resulting material change it its cash flow.
+  
+
diff --git a/reuters/training/8528 b/reuters/training/8528
new file mode 100644
index 0000000000000000000000000000000000000000..02acf24e21fc8ee816dcf57be400926f2794712c
--- /dev/null
+++ b/reuters/training/8528
@@ -0,0 +1,12 @@
+AMBRIT INC <ABI> 4TH QTR JAN 31 NET
+  Shr 28 cts vs nil
+      Net 3,614,000 vs 7,000
+      Revs 37.5 mln vs 7,835,000
+      Year
+      Shr 13 cts vs nil
+      Net 1,601,000 vs 30,000
+      Revs 145.5 mln vs 51 mln
+      NOTE: Per share amounts are after payment of preferred
+  stock dividends.
+  
+
diff --git a/reuters/training/853 b/reuters/training/853
new file mode 100644
index 0000000000000000000000000000000000000000..2705ddbd7900bdb9064251247043d8286b1d7969
--- /dev/null
+++ b/reuters/training/853
@@ -0,0 +1,45 @@
+SEC PROBES 1986 TRE <TRE> TAKEOVER ATTEMPT
+  The federal Securities and Exchange
+  Commission (SEC) is looking for possible securities laws
+  violations in connection with an unsuccessful 1986 bid by
+  Hollywood producer Burt Sugarman to take over TRE Corp,
+  attorneys contacted by SEC investigators said.
+      During the takeeover attempt, a unit of Sugarman's Giant
+  Group Ltd at one point held a 9.9 pct stake in TRE.
+      It had help in that effort from Jefferies Group Inc, a Los
+  Angeles investment banking firm which sold it an option on a
+  portion of the shares Sugarman eventually acquired.
+      In addition, a company controlled by Sugarman raised 35 mln
+  dlrs in a debt offering underwritten by Drexel Burnham Lambert
+  Inc with help from Jefferies, and used a portion of the
+  proceeds to buy TRE stock.
+      Finally, Reliance Group Holdings Inc acquired nearly six
+  pct of TRE, according to an SEEC filing.
+      The attorneys, who asked not to be identified, said the SEC
+  was investigating whether Sugarman and other firms with TRE
+  holdings were working together without disclosing their
+  cooperation, as would be required by the federal securities
+  laws.
+      One attorney said SEC probers also were examining whether
+  Sugarman and Drexel had made adequate disclosures of its
+  intended usage of the proceeds in the prospectus for the 35 mln
+  dlr bond offering.
+      A TRE spokesman confirmed that TRE, since December a unit
+  of Aluminum Co of America, had been contacted by SEC
+  investigators and was cooperating with the probe.
+      The spokesman added that TRE Chairman Leopold Wyler had
+  been interviewed by the SEC probers.
+      A Jefferies spokesman said the SEC had asked for
+  information a few months ago as part of an informal probe.
+      The spokesman said Jefferies had cooperated with the agency
+  and had heard nothing more since that time.
+      "To the best of our knowledge, Jefferies is not the target
+  of a formal SEC investigation" in connection with the TRE bid,
+  he said.
+      A Drexel spokesman acknowledged that his firm had
+  underwritten the debt offering for Sugarman but added:
+      "We had nothing to do with TRE."
+      As a matter of policy, the SEC routinely declines to
+  comment on its enforcement activities.
+  
+
diff --git a/reuters/training/8530 b/reuters/training/8530
new file mode 100644
index 0000000000000000000000000000000000000000..12ccd0684f502247005acf236a8ec06373c5b7f9
--- /dev/null
+++ b/reuters/training/8530
@@ -0,0 +1,8 @@
+<ATLANTIS INTERNATIONAL LTD> YEAR LOSS
+  Shr loss 35 cts vs profit six cts
+      Net loss 3,555,293 vs profit 649,715
+      Revs 4,451,732 vs 3,910,652
+      Note: 1986 net includes 3.7 mln dlr writedown of oil and
+  gas properties.
+  
+
diff --git a/reuters/training/8533 b/reuters/training/8533
new file mode 100644
index 0000000000000000000000000000000000000000..661388d8d0c8d19fc917f11486abffbd6402a217
--- /dev/null
+++ b/reuters/training/8533
@@ -0,0 +1,5 @@
+AMERICAN EXPRESS DECLARED A TWO-FOR-ONE STOCK SPLIT 
+
+  AMERICAN EXPRESS DECLARED A TWO-FOR-ONE STOCK SPLIT 
+  
+
diff --git a/reuters/training/8534 b/reuters/training/8534
new file mode 100644
index 0000000000000000000000000000000000000000..ac48d8a10fc6f26fefd50d025d0829e4b331f430
--- /dev/null
+++ b/reuters/training/8534
@@ -0,0 +1,5 @@
+AMERICAN EXPRESS RAISES QTLY DIVIDEND TO 38 CTS FROM 36 CTS
+
+  AMERICAN EXPRESS RAISES QTLY DIVIDEND TO 38 CTS FROM 36 CTS
+  
+
diff --git a/reuters/training/8535 b/reuters/training/8535
new file mode 100644
index 0000000000000000000000000000000000000000..0987744739fc5c7c32190fea87094d0914dbfcdd
--- /dev/null
+++ b/reuters/training/8535
@@ -0,0 +1,28 @@
+U.S. WILLING TO TALK TO MOSCOW ON WHEAT PRICE
+  U.S. Agriculture undersecretary Dan
+  Amstutz indicated the United States is willing talk with the
+  Soviet Union about the competitiveness of U.S. wheat prices but
+  would not discuss making U.S. wheat prices "cheap."
+      "There sometimes is a difference between being competitive
+  and being cheap," Amstutz told a Senate Agriculture
+  Appropriations hearing.
+      Amstutz said the difference of opinion between Moscow and
+  Washington last summer on the level of the U.S. subsidy offered
+  on wheat to the Soviet Union, was over whether the U.S. wheat
+  price was competitive or cheap.
+      "I think there is a (U.S.) willingness to explore this
+  issue as it pertains to competitiveness," Amstutz said.
+      However, Amstutz added that the United States would not be
+  willing to discuss wheat prices with Moscow "if the issue is
+  being cheap."
+      Asked later by a reporter what he meant by the distinction
+  between competitive and cheap, Amstutz would not elaborate.
+      Amstutz said it is the U.S. judgment that the long-term
+  grain agreement between the two countries calls for Moscow to
+  buy at least four mln tonnes each of wheat and corn annually at
+  "prices in effect in this country."
+      Amstutz made the comments in response to a question from
+  Sen. Charles Grassley, R-Iowa, about expanding the export
+  enhancement program to include grain sales to the Soviet Union.
+  
+
diff --git a/reuters/training/8536 b/reuters/training/8536
new file mode 100644
index 0000000000000000000000000000000000000000..c28d36c3bab3fa6d1098ae1e76c5b838fd8179a4
--- /dev/null
+++ b/reuters/training/8536
@@ -0,0 +1,5 @@
+AMERICAN EXPRESS BOARD APPROVED NIPPON LIFE PURCHASE OF SHEARSON INTEREST
+
+  AMERICAN EXPRESS BOARD APPROVED NIPPON LIFE PURCHASE OF SHEARSON INTEREST
+  
+
diff --git a/reuters/training/8540 b/reuters/training/8540
new file mode 100644
index 0000000000000000000000000000000000000000..a4cf13a6abc9491c8d48b4ddc75fac45b9961f4e
--- /dev/null
+++ b/reuters/training/8540
@@ -0,0 +1,13 @@
+UNITED ILLUMINATING CO <UIL> TWO MONTHS FEB 28
+  Shr 1.51 dlr  vs 1.08 dlr
+      Net 23.1 mln vs 18.2 mln
+      Oper revs 81.1 mln vs 86.5 mln
+      12 mths
+      Shr 6.41 dlrs vs 5.77 dlrs
+      Net 106.5 mln vs 99.2 mln
+      Oper revs 465.8 mln vs 509.8 mln
+      NOTE: 1987 periods do not reflect the terms of earnings
+  stipulation agreement among the company and various departments
+  submitted for approval on March 18.
+  
+
diff --git a/reuters/training/8541 b/reuters/training/8541
new file mode 100644
index 0000000000000000000000000000000000000000..3cd141ef3dfa0d72686b556dfbe47b34602cd83c
--- /dev/null
+++ b/reuters/training/8541
@@ -0,0 +1,17 @@
+DATA CARD <DATC> SEES LOWER YEAREND RESULTS
+  Data Card Corp said it does not
+  expect to meet its earnings and revenue targets for the fiscal
+  year ending March 28.
+      Earlier, the company said it expected earnings per share
+  from continuing operations to be 35 to 45 cts a share. Now it
+  sees that figure at 15 cts a share, or about 1.5 mln dlrs.
+      Data Card said it expects revenues for the year in the
+  range of 170 mln to 175 mln dlrs, down from a previous estimate
+  of 180 mln to 185 mln dlrs.
+      It said integration of Addressograph Farrington Inc, a
+  private company acquired on Aug 25, 1986, is proving more
+  difficult than expected. The company reported revenues of 154
+  mln dlrs and net income of 10.6 mln dlrs in fiscal 1986 ended
+  March 26, 1986.
+  
+
diff --git a/reuters/training/8543 b/reuters/training/8543
new file mode 100644
index 0000000000000000000000000000000000000000..5a3c13d449cceac33f953d42b6df41ad139037d6
--- /dev/null
+++ b/reuters/training/8543
@@ -0,0 +1,8 @@
+DU PONT <DD> UPS STAKE IN PERCEPTIVE SYSTEMS
+  Du Pont Co has increased its equity
+  stake in <Perceptive Systems Inc> to 33.5 pct from 20 pct,
+  Perceptive Systems said.
+      Perceptive Systems, a venture capital firm based in
+  Houston, makes digital imaging equipment.
+  
+
diff --git a/reuters/training/8544 b/reuters/training/8544
new file mode 100644
index 0000000000000000000000000000000000000000..915006913b081a9c9ba66cad1ffb10245e27d55b
--- /dev/null
+++ b/reuters/training/8544
@@ -0,0 +1,9 @@
+QUAKER OATS <OAT> SELLS VERNELL'S FINE CANDIES
+  Quaker Oats Co said Keystone Partners
+  Inc has purchased Vernell's Fine Candies Inc, previously an
+  indirect subsidiary of Quaker. The price was not disclosed.
+      It said Vernell's, based in Bellevue, Wash., had annual
+  sales exceeding 30 mln dlrs. Vernell's was acquired by Quaker
+  in its acquisition of Golden Grain Macaroni Co in August 1986.
+  
+
diff --git a/reuters/training/8545 b/reuters/training/8545
new file mode 100644
index 0000000000000000000000000000000000000000..36e0a75b1484c6429ee43f716c495d3ef15bfc18
--- /dev/null
+++ b/reuters/training/8545
@@ -0,0 +1,6 @@
+LINCOLN SAVINGS <LNSB> SETS FIRST PAYOUT
+  Lincoln Savings Bank said its
+  board declared an initial dividend of 10 cts per share, payable
+  April 17 to shareholders of record April 10.
+  
+
diff --git a/reuters/training/8546 b/reuters/training/8546
new file mode 100644
index 0000000000000000000000000000000000000000..a8b3cbc3b1b8183492df0c579f855b533f27a292
--- /dev/null
+++ b/reuters/training/8546
@@ -0,0 +1,9 @@
+GRAPHIC INDUSTRIES <GRPH> ENDS BUYOUT TALKS
+  Graphics Industries Inc said it
+  terminated negotiations for the acquisition of <Holladay-Tyler
+  Printing Corp>, Rockville, Md.
+      The companies on March 10 announced that they had signed an
+  agreement in principle for the acquisition.
+      No reason was given termination of the negotiations.
+  
+
diff --git a/reuters/training/8547 b/reuters/training/8547
new file mode 100644
index 0000000000000000000000000000000000000000..c5e59e2eb542fe883bdfedbecb3b34ebf6083d6a
--- /dev/null
+++ b/reuters/training/8547
@@ -0,0 +1,14 @@
+UNITED <UIL> PACT MAY LOWER NONCASH INCOME
+  United Illuminating Co said
+  that if the Department of Utility Controls approves an earnings
+  stipulation agreement submitted March 18, it will reduce
+  through accounting procedures its 1987 noncash earnings by 16
+  mln dlrs or 1.15 dlr per share.
+      For the two month period ended February 28, 1987, it said
+  the amount of the reduction would amount to 19 cts per share.
+  Earlier, it reported net income for the two-month period of
+  23.1 mln dlrs of 1.51 dlr a share.
+      United said the approval would lead it to an equity return
+  level comparable with the electric utility industry average.
+  
+
diff --git a/reuters/training/855 b/reuters/training/855
new file mode 100644
index 0000000000000000000000000000000000000000..f6e1458051f68f6f4ead233e2bf5063f58e58179
--- /dev/null
+++ b/reuters/training/855
@@ -0,0 +1,17 @@
+CBT FEBRUARY VOLUME DOWN 14 PCT FROM YEAR AGO
+  February volume at the Chicago Board of
+  Trade, CBT, declined 14 pct from the year-ago month to
+  8,191,266 contracts, the exchange said.
+      A relatively steady interest rate climate reduced volume in
+  the most active contract, Treasury bond futures, by 17.5 pct
+  from a year ago to 4,307,645 contracts.
+      However, trading in most agricultural futures contracts
+  increased last month, led by oats and corn futures.
+      Oats volume tripled to 27,662 contracts, and corn volume
+  increased 35 pct to 580,204 contracts. Wheat and soybean oil
+  futures activity also rose from a year ago, while soybean and
+  soybean oil volume slipped, the exchange said.
+      Major Market Index futures increased activity 37 pct during
+  the month with 194,697 contracts changing hands.
+  
+
diff --git a/reuters/training/8553 b/reuters/training/8553
new file mode 100644
index 0000000000000000000000000000000000000000..fbcd38c38158947fc8d2a69034b852304408e2c8
--- /dev/null
+++ b/reuters/training/8553
@@ -0,0 +1,17 @@
+HUGHES' U.S. RIG COUNT RISES TO 784
+  U.S. drilling activity rose last week
+  with the number of working rotary rigs up by 23 to 784, against
+  1,063 working rigs one year ago, Hughes Tool Co. said.
+      The improvement was the first increase this year in the
+  weekly rig count, which had dropped steadily since early
+  January when a total of 962 rotary rigs were working.
+      Among individual states, Texas and Oklahoma reported the
+  biggest gains in drilling last week with increases of 21 and
+  11, respectively. California and Louisiana were each up by
+  three and Wyoming gained two additional working rigs.
+      Hughes Tool said it counted a total of 692 rigs drilling on
+  land, 74 rigs active offshore and 18 drilling in inland waters.
+  In Canada, the rig count was up by two to 183, against 324 one
+  year ago.
+  
+
diff --git a/reuters/training/8554 b/reuters/training/8554
new file mode 100644
index 0000000000000000000000000000000000000000..9df75a66c778671209e2738bff1e3885271ff295
--- /dev/null
+++ b/reuters/training/8554
@@ -0,0 +1,15 @@
+AMSTUTZ SAYS FARM TRADE ACCORD POSSIBLE IN 1988
+  U.S. Agriculture undersecretary
+  Daniel Amstutz said it is possible to reach a global agreement
+  to scale-back agricultural supports in calendar 1988.
+      Speaking to a Senate Agriculture Appropriations committee
+  hearing, Amstutz said "I think we can reach agreement in
+  calendar 1988."
+      Amstutz said the U.S. places a high priority on the Uruguay
+  round of global trade talks.
+      His comments followed a statement by Secretary of State
+  George Shultz last week urging agriculture be the highest
+  priority item during the upcoming summit of western heads of
+  state in Venice, Italy.
+  
+
diff --git a/reuters/training/8555 b/reuters/training/8555
new file mode 100644
index 0000000000000000000000000000000000000000..86a16d1869cdccb341a008279b0e70cbfd04c00e
--- /dev/null
+++ b/reuters/training/8555
@@ -0,0 +1,6 @@
+CAMPBELL RED LAKE MINES LTD <CRK> QTLY DIV
+  Qtly div 10 Canadian cts vs 10 Canadian cts prior
+      Pay May 25
+      Record April 20
+  
+
diff --git a/reuters/training/8556 b/reuters/training/8556
new file mode 100644
index 0000000000000000000000000000000000000000..baa21f497f2c3916c3102af0e95c989bd2d59469
--- /dev/null
+++ b/reuters/training/8556
@@ -0,0 +1,6 @@
+STOKELY USA INC <STKY> REGULAR DIVIDEND SET
+  Qtly div three cts vs three cts previously
+      Pay April 15
+      Record April One
+  
+
diff --git a/reuters/training/8558 b/reuters/training/8558
new file mode 100644
index 0000000000000000000000000000000000000000..68c38865a0cb560b58ffd68f08703bfe6dca4ad8
--- /dev/null
+++ b/reuters/training/8558
@@ -0,0 +1,7 @@
+COOPER SAYS OFFER MUST INCLUDE CLASS A SHARES
+  <Cooper Canada Ltd> said it told those
+  who have expressed interest in acquiring control of the company
+  that it would entertain no offer unless it were made to holders
+  both of class A non-voting shares and voting common.
+  
+
diff --git a/reuters/training/8559 b/reuters/training/8559
new file mode 100644
index 0000000000000000000000000000000000000000..76c84acf6e9830cfece92aeda035041d78004de5
--- /dev/null
+++ b/reuters/training/8559
@@ -0,0 +1,11 @@
+KINGS ROAD ENTERTAINMENT <KREN> 3RD QTR LOSS
+  Qtr ended Jan 31
+      Shr loss seven cts vs loss 64 cts
+      Net loss 367,000 vs loss 3,009,000
+      Revs 2,516,000 vs 8,787,000
+      Nine mths
+      Shr loss 73 cts vs loss 1.17 dlrs
+      Net loss 3,545,000 vs loss 4,573,000
+      Revs 6,768,000 vs 13.3 mln
+  
+
diff --git a/reuters/training/856 b/reuters/training/856
new file mode 100644
index 0000000000000000000000000000000000000000..2677dcdd2c072a52c8078a4ad18afe2be2aeda53
--- /dev/null
+++ b/reuters/training/856
@@ -0,0 +1,31 @@
+USSR WHEAT BONUS RUMORS PERSIST DESPITE DENIALS
+  Grain trade representatives continued
+  to speculate that the Reagan administration will offer
+  subsidized wheat to the Soviet Union, while U.S. Agriculture
+  Department officials said there was no substance to the
+  reports.
+      "It's pure fiction," said one senior official at USDA's
+  Foreign Agricultural Service, referring to the rumor that the
+  administration would make an export enhancement offer to Moscow
+  in the next two to three weeks.
+      An aide to Agriculture Secretary Richard Lyng who asked not
+  to be identified said there was nothing to substantiate the
+  speculation, which he said was started by "somebody fanning the
+  (wheat) market." Wheat futures strengthened today, partly on the
+  basis of the speculation.
+      One lobbyist with close connections to the Reagan
+  administration said a Soviet trade team told private grain
+  trade officials in New York last week that Moscow would buy as
+  much as four mln tonnes of U.S. wheat, much of it before
+  mid-year, if it was "competitively priced."
+      Alexander Ivlev, an official with Amtorg, a Soviet trading
+  organization, told Reuters he had no information to
+  substantiate the rumors of an imminent wheat subsidy offer, but
+  said that Moscow "would consider" buying U.S. wheat if it was
+  competitively priced.
+      "We don't care if it is EEP, what we (the Soviets) are
+  looking for is competitive prices," Ivlev said. "If they (the
+  administration) are interested in selling it (wheat), they
+  should find ways to do it."
+  
+
diff --git a/reuters/training/8561 b/reuters/training/8561
new file mode 100644
index 0000000000000000000000000000000000000000..4a0c9ce73a1fc700deac07552f0c1fa5cfc25875
--- /dev/null
+++ b/reuters/training/8561
@@ -0,0 +1,65 @@
+AMERICAN EXPRESS <AXP> APPROVES SHEARSON OFFER
+  American Express Co said its board
+  approved a public offering of about 18 pct of its wholly owned
+  Shearson Lehman Brothers Inc brokerage unit.
+      American Express also approved the previously announced
+  plan to sell about 13 pct, or 13 mln convertible preferred, of
+  the unit to Nippon Life insurance co for 538 mln dlrs. The
+  preferred shares are convertible to the same number of common
+  shares following Hart-Scott-Rodino and FDIC approvals.
+      American Express said it will maintain 60 pct, or 60 mln of
+  the 100 mln shares of Shearson that will be outstanding.
+      American Express said it had agreed with Nippon life that
+  American Express will hold a minimum of 40 pct of Shearson
+  until January, 1999.
+     American Express said 7.5 mln Shearson shares would be held
+  by certain employees of Shearson and one mln by a Shearson
+  stock ownership plan to be formed.
+      American Express said it anticipates a registration
+  statement for the public offering will be filed with the
+  Securities and Exchange Commission shortly.
+      American Express also declared a two-for-one stock split
+  and raised its quarterly dividend to 38 cts per share from 36
+  cts on a pre-split basis. Both dividends are payable May 8, to
+  shareholders of record April 3. There are currently 215 mln
+  American Express shares outstanding.
+      The transaction with Nippon Life remains subject to
+  approval by the Japanese ministry of finance, which is expected
+  in April.
+      American Express also said an agreement was reached by
+  Shearson and Nippon Life providing for a joint venture in
+  London.
+      The venture will focus on investment advisory asset
+  management, market research and consulting on financing. It
+  also said it expects the relationship to extend to selected
+  projects involving American Express, Shearson Lehman and Nippon
+  Life in key financial centers of Asia and other regions, and to
+  future personnel exchanges.
+      Under the agreement, Nippon will receive 13 mln cumulative
+  preferred shares with a five pct dividend rate. The cumulative
+  preferred stock will become convertible with voting powers to
+  an equal number of common shares following the U.S. government
+  approvals.
+      American Express said that assuming conversion of the
+  preferred stock held by Nippon, 100 mln shares of Shearson
+  Lehman common stock would be outstanding. For the public
+  offering, it said there will be an underwriters overallotment
+  option to purchase 1.8 mln shares.
+      American Express will also grant Nippon Life a five-year
+  warrant to purchase one mln American Express common shares at
+  100 dlrs per share. There are currently 215 mln American
+  Express shares outstanding.
+      Nippon Life would be entitled to nominate two directors to
+  the Shearson board and one representative to serve as an
+  adviser to the American Express board of directors.
+      "These proposed transactions are yet another signal that
+  american express intends to stay in the forefront of the
+  financial services industry worldwide," said American Express
+  Chairman James D. Robinson. "The implementation of our plans,
+  moreover, will enable us to maintain a majority interest in
+  shearson while enhancing the strength of our balance sheet by
+  tapping additional capital resources for shearson outside
+  american express."
+  Reuter...
+  
+
diff --git a/reuters/training/8562 b/reuters/training/8562
new file mode 100644
index 0000000000000000000000000000000000000000..0d025bbc1e5160fb5af29562a62cd2e3e0e3c41c
--- /dev/null
+++ b/reuters/training/8562
@@ -0,0 +1,7 @@
+STERIVET LABS <STVTF> SETS STOCK SPLIT
+  Sterivet Laboratories Ltd said it
+  authorized a three-for-one split of its common stock.
+      The company said the stock split is subject to approval by
+  its shareholders at its upcoming annual meeting.
+  
+
diff --git a/reuters/training/8563 b/reuters/training/8563
new file mode 100644
index 0000000000000000000000000000000000000000..1cae27d6b7bd42942c74e0556857116634d76aed
--- /dev/null
+++ b/reuters/training/8563
@@ -0,0 +1,55 @@
+CHICAGO FUTURES LEADER SAYS MARKETS CAN ADAPT
+  Foreign currency futures
+  markets would not be harmed if the leading industrial countries
+  agreed to restrict currency movements to within a narrow band,
+  said Leo Melamed, chairman of the Chicago Mercantile
+  Exchange's, CME, executive committee.
+      "The target zone would not affect our market I think at
+  all.... A 10 pct range in the Deutsche mark gives us a healthy
+  market," Melamed told Reuters in an interview.
+      "We were willing to live in the old Smithsonian era with a
+  four pct shift," he said, referring to permitted currency
+  fluctuations in the early 1970s. "One thing you can adjust is to
+  make each contract a larger value."
+      As chairman of the CME in 1969-71, Melamed was instrumental
+  in the development of currency futures, which now are crucial
+  to the Chicago exchange.
+      Melamed said capital flows -- which he estimated can
+  approach 200 billion dlrs a day -- would overwhelm efforts by
+  governments to control currency fluctuations.
+      "They can do it for a day, in terms of intervention, an
+  hour, a week maybe, but not over a period of time. So it's
+  unrealistic and it doesn't work and it's unnecessary."
+      The CME's top policymaker also said a decision by the
+  exchange to advance the quarterly settlement time of its stock
+  index futures contract to the morning from the afternoon would
+  help eliminate dramatic price gyrations in futures and equity
+  markets on so-called "triple-witching" day.
+      "We think that the settlement in the morning will have a
+  salutary effect so that over a longer period of time I think
+  this issue (triple witching) will go away because of the change
+  in the structure as of next June," when the move is scheduled to
+  go into effect, he said.
+      Melamed said proposed changes in floor practices by traders
+  of the popular Standard and Poor's 500 stock index future would
+  address complaints of trading abuses and stimulate trading.
+      Two weeks ago, the CME board of directors proposed barring
+  brokers on the top step of the pit from trading for their own
+  account. The board also proposed requiring brokers engaged in
+  dual trading elsewhere in the pit to record personal trades to
+  the nearest minute and curbing trading between broker groups.
+      The changes "will in time have an extremely positive effect
+  on the marketplace. That's going to prove very, very
+  instrumental in increasing volume over time," he said,
+  predicting the increase would come within a year.
+      Melamed, also chairman of Dellsher Investment Co Inc, said
+  the CME last week withdrew a proposal to put a 12-point limit
+  on the S and P 500 index's daily price movement when the
+  Commodity Futures Trading Commission told the exchange it could
+  not be a temporary program.
+      The CME also received "many negative comments, many more
+  than we anticipated," Melamed conceded. Many futures commission
+  merchants predicted sell orders would accelerate in the event
+  the price approached the bottom limit.
+  
+
diff --git a/reuters/training/8565 b/reuters/training/8565
new file mode 100644
index 0000000000000000000000000000000000000000..7c5c135fea905b805cb26228adcda2e0c00ad7bc
--- /dev/null
+++ b/reuters/training/8565
@@ -0,0 +1,9 @@
+TCBY ENTERPRISES INC <TCBY> 1ST QTR FEB 28 NET
+  Shr eight cts vs five cts
+      Net 1,370,898 vs 823,988
+      Sales 7,786,730 vs 4,383,825
+      Avg shrs 17,744,333 vs 17,071,236
+      NOTE: Per-share amounts adjusted for three-for-two stock
+  splits in April and July, 1986
+  
+
diff --git a/reuters/training/8567 b/reuters/training/8567
new file mode 100644
index 0000000000000000000000000000000000000000..d4e699242cc9f2d293dacfd284ebea8458a19750
--- /dev/null
+++ b/reuters/training/8567
@@ -0,0 +1,13 @@
+HECLA <HL> BUYS STAKE IN GREENS CREEK VENTURE
+  Hecla Mining Co said it agreed to buy a
+  28 pct stake in the Greens Creek joint venture from Amselco
+  Minerals Inc, a unit of British Petroleum PLC's <BP> BP North
+  America Inc unit.
+      The Greens Creek venture is engaged in final project
+  engineering of a gold-silver-lead-zinc ore body on Admiralty
+  Island, about 15 miles southwest of Juneau, Alaska.
+      Hecla said it estimates its total investment in the
+  project, including its share of production costs, will be about
+  45 mln dlrs.
+  
+
diff --git a/reuters/training/8569 b/reuters/training/8569
new file mode 100644
index 0000000000000000000000000000000000000000..f7f8ca70e0e8bc1ce428480ac760d766f5e52aa5
--- /dev/null
+++ b/reuters/training/8569
@@ -0,0 +1,75 @@
+SPRINT OPTIMISTIC DESPITE LOSSES
+  US Sprint, the 50-50 telephone venture
+  of GTE Corp <GTE> and United Telecommunications Inc <UT> set up
+  last June, is optimistic despite expecting to report a net loss
+  of about 500 mln dlrs this year.
+       David M. Holland, president of US Sprint's Dallas-based
+  Southwest Division, told Reuters in an interview that he did
+  not know what it would report for the first quarter, but agreed
+  that for the year the company should have about the same
+  results as last year when it lost "about 500 mln dlrs."
+       He noted the company was slated to spend 2.3 billion dlrs
+  over "two plus years" to set up its network.
+  
+      Holland added that Sprint was still paying almost 500 mln
+  dlrs a year to American Telephone and Telegraph Co (T) in order
+  to lease its lines.
+       He said 16,000 miles of its 23,000 mile fiber optic
+  telephone line are now "in the ground," and 7,000 miles are
+  operable.
+       By the end of the year, he said, 90 pct of the company's
+  subscribers will be carried on its fiber optic lines (instead
+  of leased ATT lines), compared with 60 pct by the end of the
+  second quarter.
+      Fiber optic lines, which send digital light impulses along
+  microscopic glass lines, is quicker, more accurate and more
+  economical than traditional copper cables. A fiber optic line
+  the diameter of a dime can carry the same amount of information
+  as a copper cable 20 feet in diameter.
+       "By the end of the year, we will have the capacity to
+  carry 50 pct of all U.S. long distance phone calls," Holland
+  said.
+      He said ATT currently controls about 80 pct of the U.S.
+  long distance market, with MCI Communications Corp <MCIC> about
+  10 to 12 pct and Sprint five to seven pct.
+       Holland said Sprint's rates, which were 50 pct lower than
+  ATT when it did not pay to gain access to local telephone
+  exchanges, were now about 10 to 12 pct lower now that all the
+  companies have equal access. He said the company was cutting
+  back its advertising by about 30 pct this year.
+       At the same time, he said Sprint had increased its total
+  number of customers to four mln from two mln from July 1986 to
+  last January.
+      "We've captured the fiber high ground, shown the importance
+  of it," he said.
+       Concerning the deregulation of ATT, Holland said he
+  believed ATT "should be given some flexibility, but should be
+  regulated on pricing plans."
+       "They're so dominant in the market place," he said, adding
+  that ATT should be deregulated when "there is true competition
+  in the marketplace."
+       "It takes time to prove ourselves and a lot of money," he
+  said, adding, "maybe two to four years out, it's hard to say."
+      Holland said he was not concerned about talk that Sprint's
+  two owners might be squabbling or that corporate raiders, such
+  as the Belzberg family in Canada, might be putting pressure on
+  them to sell off their loss-making Sprint holdings.
+       "They are two excellent partners who have stated time and
+  time again their support of US Sprint," he said, adding that he
+  was "amazed" at industry talk that the two companies might be
+  arguing. "There's no evidence of that," he said.
+       He said Sprint's progress in such areas as revenues,
+  number of customers and construction was on track, even "ahead
+  in many areas."
+      Looking beyond the United States, Holland said Sprint
+  currently had direct access to 34 countries and aimed to be in
+  90 pct of the Free World nations by 1988.
+      "We want to be in every country that ATT serves," he said.
+      He said Sprint currently does not have access to Mexico but
+  was working on it.
+       He noted negotiations between Mexico and GTE Sprint, the
+  forerunner of US Sprint, had been broken off by the September
+  1985 earthquake which had devastated the nation's telephone
+  network.
+  
+
diff --git a/reuters/training/857 b/reuters/training/857
new file mode 100644
index 0000000000000000000000000000000000000000..41a75dd6871f64e618e0450c2e3c7fe3377b53e9
--- /dev/null
+++ b/reuters/training/857
@@ -0,0 +1,17 @@
+CANADIAN SEAFARERS THREATEN STRIKE
+  Canadian seafarers are almost certain
+  to go on strike this spring in a refusal to meet rollbacks in
+  wages and benefits asked for by their employers, Seafarers'
+  International Union official Roman Gralewicz said.
+      "It's 99.9 percent--I guarantee you a strike," Gralewicz
+  said in an interview.
+      The union represents about 2,300 workers on the Great Lakes
+  and Canada's East and West coasts. Contract talks broke off in
+  January and a conciliator has been appointed to try to help
+  settle the dispute. The current contract expires at the end of
+  March.
+      The seafarers' employers are also asking for a reduction in
+  crew levels, a move which the union said would cost about 400
+  jobs.
+  
+
diff --git a/reuters/training/8571 b/reuters/training/8571
new file mode 100644
index 0000000000000000000000000000000000000000..9fca0e5c2c4cc0cd716a6884b2165a23a1338780
--- /dev/null
+++ b/reuters/training/8571
@@ -0,0 +1,14 @@
+AVALON <AVL> STAKE SOLD BY DELTEC
+  Avalon Corp said that <Deltec
+  Panamerica SA> has arranged to sell its 23 pct stake in Avalon
+  and that Deltec's three representatives on Avalon's board had
+  resigned.
+      An Avalon spokeswoman declined to indentify the buyer of
+  Deltec's stake or give terms of the sale.
+      In addition, Avalon said three other directors resigned. It
+  said Benjamin W. Macdonald, a director of <TMOC Resources Ltd>,
+  the principal holder of Avalon stock, and Hardwick Simmons, a
+  vice chairman of Shearson Lehman Bros Inc, were then named to
+  the board.
+  
+
diff --git a/reuters/training/8572 b/reuters/training/8572
new file mode 100644
index 0000000000000000000000000000000000000000..f8fa975f91bff2ebfde319874172d7892f23ef06
--- /dev/null
+++ b/reuters/training/8572
@@ -0,0 +1,10 @@
+QUAKER OATS <OAT> SELLS UNIT TO KEYSTONE
+  The Quaker Oats Co said it sold
+  its Vernell's Fine Candies Inc unit to privately-held Keystone
+  Partners Inc for an undisclosed price.
+      The company said Vernells had sales of around 30 mln dlrs
+  in the year ended in August, 1986.
+      Quaker Oats acquired Vernells in August, 1986 when it
+  purchased Golden Grain Macaroni Co.
+  
+
diff --git a/reuters/training/8574 b/reuters/training/8574
new file mode 100644
index 0000000000000000000000000000000000000000..84ccd16f6304f336905abcac9e01af762e56b1f4
--- /dev/null
+++ b/reuters/training/8574
@@ -0,0 +1,12 @@
+U.S. TO ASK JAPAN TO DROP BEEF RESTRICTIONS
+  U.S. Agriculture Secretary
+  Richard Lyng will ask the Japanese Government to remove all
+  beef import restrictions when he visits there next month.
+      Lyng's remarks came in a speech at Oklahoma State
+  University today.
+      "We think Japanese consumers should have the same freedom
+  of choice as our consumers. Look at all the Japanese cameras
+  and tape recorders in this room. We know they'd buy more beef
+  if they had the opportunity," Lyng said.
+  
+
diff --git a/reuters/training/8577 b/reuters/training/8577
new file mode 100644
index 0000000000000000000000000000000000000000..baa2cabd4f00b4b16aa476c9bcfa3e5c654df869
--- /dev/null
+++ b/reuters/training/8577
@@ -0,0 +1,14 @@
+CLABIR CORP <CLG> 4TH QTR JAN 31 NET
+  Shr profit 26 cts vs loss two cts
+      Net profit 6,194,000 vs loss 170,000
+      Revs 100.0 mln vs 7,854,000
+      Avg shrs 10.7 mln vs 8,787,977
+      Year
+      Shr profit two cts vs loss 17 cts
+      Net profit 7,169,000 vs loss 1,461,000
+      Revs 421.4 mln vs 51.1 mln
+      Avg shrs 9,604,474 vs 8,807,709
+     
+  Reuter...
+  
+
diff --git a/reuters/training/8578 b/reuters/training/8578
new file mode 100644
index 0000000000000000000000000000000000000000..92bda72b675c96ed8bc795b637823f150f1d6e05
--- /dev/null
+++ b/reuters/training/8578
@@ -0,0 +1,32 @@
+U.K. PROFITTED FROM AUTUMN INTERVENTION - LAWSON
+  Britain has reaped profits by using a
+  stronger pound to buy back dollars used by the government last
+  autumn to support sterling during a currency crisis, Chancellor
+  of the Exchequer Nigel Lawson said.
+      He said in a parliamentary debate, "I can now tell the House
+  (of Commons) that the dollars that were sold from the reserves
+  in September and October (1986) have subsequently all been
+  repurchased - at a profit of some tens of millions of pounds."
+      Hindsight had proved him right to resist market pressures
+  then for a two percentage point interest rate rise, he said.
+  The increase in base rates was instead limited then to one
+  point.
+      During a debate on the 1987/88 British budget which Lawson
+  unveiled last week, he said that "during the period of foreign
+  exchange market turbulence which followed the somewhat
+  inconclusive Group of Five and Group of Seven meetings at the
+  end of September, I authorised the Bank of England to intervene
+  unusually heavily in order to buy breathing space that would
+  enable me to confine the interest rate rise to one pct rather
+  than the two pct the market was then pressing for."
+      He said that that one percentage point increase, effected
+  in October 1986, had been reversed by this month's two half
+  point cuts in banks' base lending rates. They are now at 10
+  pct.
+      Treasury figures show that the underlying change in British
+  reserves - seen as a guide to possible Bank of England
+  intervention on foreign exchange markets - suggest that the
+  authorities sold around 1.0 billion dlrs during September and
+  October 1986, government sources said.
+  
+
diff --git a/reuters/training/8579 b/reuters/training/8579
new file mode 100644
index 0000000000000000000000000000000000000000..cd0c84568ad5c471ad9a47894a9cd5c3b0444fba
--- /dev/null
+++ b/reuters/training/8579
@@ -0,0 +1,14 @@
+BAY FINANCIAL CORP <BAY> 3RD QTR FEB 28
+  Shr loss 1.34 dlrs vs profit two cts
+      Net loss 4.5 mln vs profit 46,000
+      Revs 7.6 mln vs 8.9 mln
+      Nine months
+      Shr loss 1.41 dlrs vs loss two cts
+      Net loss 4.7 mln vs loss 76,000
+      Revs 30.2 mln vs 23.8 mln
+      NOTE:1986 includes gain on disposition of investments of
+  2,454 dlrs in 3rd qtr and 5,306 dlrs in nine months
+  respectively. 1987 includes gain on disposition of investments
+  of five dlrs in 3nd qtr and 7,052 dlrs in nine months.
+  
+
diff --git a/reuters/training/8580 b/reuters/training/8580
new file mode 100644
index 0000000000000000000000000000000000000000..deb7c1ed3f23de6aaa0944cd80f7343980681b18
--- /dev/null
+++ b/reuters/training/8580
@@ -0,0 +1,12 @@
+CORRECTED - MANHATTAN NATIONAL<MLC>4TH QTR LOSS
+  Oper shr loss 20 cts vs loss 81 cts
+      Oper net loss 1,042,000 vs loss 4,077,000
+      Revs 38.5 mln vs 50.3 mln
+      12 mths
+      Oper shr profit six cts vs loss 43 cts
+      Oper net profit 336,000 vs loss 2,176,000
+      Revs 137.8 mln vs 209.1 mln
+      (Company corrects to show profit rather than a loss for
+  current 12 mths oper shr and oper net.)
+  
+
diff --git a/reuters/training/8581 b/reuters/training/8581
new file mode 100644
index 0000000000000000000000000000000000000000..2a31491dd22fac4d25ea862d56872b8863db19cc
--- /dev/null
+++ b/reuters/training/8581
@@ -0,0 +1,20 @@
+AMBRIT INC <ABI> 4TH QTR JAN 31 NET
+  Shr 28 cts vs nil
+      Net 4,568,000 vs 7,000
+      Revs 37.5 mln vs 7,835,000
+      Year
+      Shr 13 cts vs nil
+      Net 5,011,000 vs 30,000
+      Revs 145.5 mln vs 51.0 mln
+      Note: Current year results includes revs of 87.2 mln dlrs
+  from Chocolate Co Inc, which was acquired in March 1986.
+      Note: Shr results after preferred dividend payments of
+  954,000 dlrs for current qtr and 3,410,000 dlrs for current
+  year.
+      Net includes gains from sale of investment in Sheraton
+  Securities International of 5,807,000 dlrs vs 928,000 dlrs for
+  qtr and 8,705,000 dlrs vs 928,000 dlrs for year.
+      Net also includes extraordinary loss from early retirement
+  of debt of 303,000 dlrs for year-ago 12 mths.
+  
+
diff --git a/reuters/training/8582 b/reuters/training/8582
new file mode 100644
index 0000000000000000000000000000000000000000..2de25b84967d7694d2a9ade3151f5eade85c0efb
--- /dev/null
+++ b/reuters/training/8582
@@ -0,0 +1,10 @@
+COMMUNICATIONS CORP OF AMERICA 2ND QTR DEC 31
+  Shr loss 33 cts vs loss 48 cts
+      Net loss 1.7 mln vs loss 2.5 mln
+      Revs 6.3 mln vs 10.2 mln
+      Six months
+      Shr loss 54 cts vs loss 75 cts
+      Net loss 2.8 mln vs loss 3.9 mln
+      Revs 15.2 mln vs 23.4 mln
+  
+
diff --git a/reuters/training/8584 b/reuters/training/8584
new file mode 100644
index 0000000000000000000000000000000000000000..4ce955822f49b9173e3ade3f4d0cd89271a52f4f
--- /dev/null
+++ b/reuters/training/8584
@@ -0,0 +1,5 @@
+Dollar hits record low of 149.78 yen - Tokyo dealers
+
+  Dollar hits record low of 149.78 yen - Tokyo dealers
+  
+
diff --git a/reuters/training/8585 b/reuters/training/8585
new file mode 100644
index 0000000000000000000000000000000000000000..18c1d61624744bab6ed8905866755b4b5f668455
--- /dev/null
+++ b/reuters/training/8585
@@ -0,0 +1,47 @@
+CBI SURVEY POINTS TO SURGE IN U.K. OUTPUT
+  British manufacturers expect output to
+  grow rapidly in the four coming months, a Confederation of
+  British Industry (CBI) survey shows.
+      The CBI's monthly trends survey for March shows that 43 pct
+  of the 1,685 polled U.K. Firms expect to raise output in the
+  next four months. Only nine pct expect output to fall while 47
+  pct said production would likely remain unchanged.
+      The CBI said the positive balance between firms expecting
+  production to rise and those forecasting a fall, at 34 pct, was
+  the highest such figure recorded since 1977.
+      In the CBI's February survey, 37 pct of companies expected
+  a rise in output while 54 pct forecast production would remain
+  at present levels and eight pct expected production to drop.
+      The survey also showed that 23 pct of the polled companies
+  consider current order books to be above normal while 58 pct
+  view them as normal and only 19 pct regard them as below
+  normal.
+      This was the highest positive balance since the question
+  was first asked more than 10 years ago, the CBI said.
+      In February, the figures were 24 pct, 22 pct and 54 pct
+  respectively.
+      Companies also rated their export possibilities higher. Of
+  all polled companies, 23 pct rated their export order books to
+  be above normal and 53 pct described them as normal while only
+  23 pct believed export orders were below normal levels.
+      In February, 25 pct thought their export books were below
+  normal and 50 pct believed them to be about normal. At 23 pct,
+  the proportion of companies rating their export books above
+  normal was unchanged between February and March.
+      On prices, the survey showed that 62 pct of companies
+  expect average prices at which domestic orders are booked will
+  remain unchanged in the coming four months, up from 57 pct in
+  February.
+      From 38 pct in February, only 31 pct of firms now expect
+  prices to rise before July. Six pct forecast prices will fall,
+  against four pct a month earlier.
+      Commenting on the survey, CBI economic situation committee
+  chairman David Wigglesworth said sterling's more competitive
+  level against many European currencies had improved exports.
+      "But interest rates are still much higher than in our
+  competitor countries and British manufacturers will still have
+  to work hard to win new business both in overseas markets and
+  in the substitution of British-made goods for imports here at
+  home," he said.
+  
+
diff --git a/reuters/training/8586 b/reuters/training/8586
new file mode 100644
index 0000000000000000000000000000000000000000..51f8ee474c7f3bf536a2c4ed72b21e24c36ff0be
--- /dev/null
+++ b/reuters/training/8586
@@ -0,0 +1,5 @@
+TOKYO - Bank of Japan buys small amount of dollars, dealers said
+
+  TOKYO - Bank of Japan buys small amount of dollars, dealers said
+  
+
diff --git a/reuters/training/8587 b/reuters/training/8587
new file mode 100644
index 0000000000000000000000000000000000000000..3ae43f9f9630bec511fc82456f0548f2469f9f3f
--- /dev/null
+++ b/reuters/training/8587
@@ -0,0 +1,5 @@
+Miyazawa says time has come for major nations to act on exchange rates
+
+  Miyazawa says time has come for major nations to act on exchange rates
+  
+
diff --git a/reuters/training/8588 b/reuters/training/8588
new file mode 100644
index 0000000000000000000000000000000000000000..6f85046a8a7978083928eddc32e9694a079437bf
--- /dev/null
+++ b/reuters/training/8588
@@ -0,0 +1,14 @@
+MAJOR NATIONS MUST ACT ON CURRENCIES - MIYAZAWA
+  Finance Minister Kiichi Miyazawa said the
+  time has come for major industrialised nations to take action
+  on exchange rates in line with their agreement last month in
+  Paris.
+      In Paris, Britain, Canada, France, Japan, the U.S. And West
+  Germany agreed to coooperate to hold currency rates around
+  their then current levels.
+      Miyazawa would not say what specific measures major nations
+  would take, but told reporters the measures had been discussed
+  in Paris. The dollar fell to a record low against the yen this
+  morning, piercing the 150 yen barrier.
+  
+
diff --git a/reuters/training/859 b/reuters/training/859
new file mode 100644
index 0000000000000000000000000000000000000000..896cb5d4b398b1ece9078b72daa6dbf5d9bc7bc7
--- /dev/null
+++ b/reuters/training/859
@@ -0,0 +1,13 @@
+DALLAS CORP <DLS> 4TH QTR LOSS
+  Oper shr loss 22 cts vs profit 10 cts
+      Oper net loss 1,626,000 vs pofit 702,000
+      Revs 98.3 mln vs 105.1 mln
+      12 mths
+      Oper shr profit 18 cts vs profit 82 cts
+      Oper net profit 1,293,000 vs profit 5,940,000
+      Revs 396.2 mln vs 396.7 mln
+      Note: Oper net excludes loss from discontinued operations
+  of 2,112,000 dlrs or 39 cts a share for year-ago qtr and
+  2,036,000 dlrs or 1.10 dlrs a share for year-ago 12 mths.
+  
+
diff --git a/reuters/training/8590 b/reuters/training/8590
new file mode 100644
index 0000000000000000000000000000000000000000..16cee878ece0bb528dfb36bb65c18e4665066ad3
--- /dev/null
+++ b/reuters/training/8590
@@ -0,0 +1,5 @@
+BANK OF JAPAN RE-ENTERS MARKET AND STEPS UP DOLLAR BUYING, DEALERS SAY
+
+  BANK OF JAPAN RE-ENTERS MARKET AND STEPS UP DOLLAR BUYING, DEALERS SAY
+  
+
diff --git a/reuters/training/8591 b/reuters/training/8591
new file mode 100644
index 0000000000000000000000000000000000000000..027b73570fe179014e6aeab03c242b7948867630
--- /dev/null
+++ b/reuters/training/8591
@@ -0,0 +1,13 @@
+BANK OF JAPAN STEPS UP DOLLAR BUYING
+  The Bank of Japan stepped up its dollar
+  buying as it re-entered the market after the midday Tokyo lunch
+  break, dealers said.
+      They said the bank seemed more determined to support the
+  dollar than it did this morning.
+      Several dealers said the central bank intervened this
+  afternoon when the dollar stood around 149 yen.
+      One said it purchased 150 to 200 mln dlrs in the half-hour
+  since the market re-opened after its lunchtime closure. Another
+  said the bank still has buying orders in the market.
+  
+
diff --git a/reuters/training/8592 b/reuters/training/8592
new file mode 100644
index 0000000000000000000000000000000000000000..5014237e4ee7f9aadd54d677666b9a1512bb4eb1
--- /dev/null
+++ b/reuters/training/8592
@@ -0,0 +1,44 @@
+YEUTTER SEES GATT CONSENSUS ON FARM TRADE REFORM
+  U.S. Trade Representative
+  Clayton Yeutter said trade ministers meeting here have reached
+  a general consensus on agricultural trade reform under the
+  latest Uruguay round of the General Agreement on Tariffs and
+  Trade (GATT).
+      Yeutter gave no precise details of the understanding but
+  told journalists the consensus covers the principles involved
+  in agricultural trade reform and what needs to be done to
+  improve the global situation in agriculture.
+      Delegates from 22 countries are meeting informally to
+  discuss progress made since the latest GATT round was launched
+  in Punta del Este, Uruguay, last September.
+      Yeutter said "at least people seem to be going down the same
+  road...But how that translates ultimately into negotiations is
+  another matter entirely."
+      There seems to be an understanding of the need to deal with
+  the problem quickly and "a more common understanding of how we
+  are going to get from here to there," Yeutter said.
+      However, the hard work is still to come, with a couple of
+  years of tough negotiations ahead, he said.
+      "It is ludicrous for the nations of the world to plough
+  immense amounts of financial resources into the production of
+  items that nobody wants to buy," he said.
+      He said the long-term answer is to switch some of the
+  financial resources now committed to agriculture to other more
+  productive areas. This would help agriculture because some its
+  inefficient non-productive segments would stop operating, he
+  said.
+      Individual segments in many countries may lose in the
+  process, but it should result in a more rational system of
+  world-wide production within 10 or 15 years, he said.
+      It is important that the agriculture negotiations reach a
+  relatively early conclusion because the U.S. Is spending 26
+  billion dlrs a year and the European Community probably more
+  than that, which is an ineffective use of financial resources,
+  he said.
+      Asked about the prospect of a priority for agriculture in
+  the negotiations, he said "one has to be politically
+  realistic... If there is any chance of getting it (agricultural
+  trade reform) done in two to three years it's going to have to
+  be as part of a larger package."
+  
+
diff --git a/reuters/training/8595 b/reuters/training/8595
new file mode 100644
index 0000000000000000000000000000000000000000..226d2a51463d582ed9d8d86c40a089ba4460c9a4
--- /dev/null
+++ b/reuters/training/8595
@@ -0,0 +1,66 @@
+SWIRE SEEN REPORTING 20 PCT RISE IN 1986 PROFIT
+  Swire Pacific Ltd <SWPC.HKG> is
+  likely to show a more than 20 pct rise in 1986 operating
+  profits when it reports results tomorrow, reflecting gains in
+  its aviation and property businesses, share analysts said.
+      Analysts polled by Reuters estimated after-tax profits from
+  operations will be between 1.525 billion and 1.8 billion dlrs
+  compared with 1.23 billion in 1985.
+      They also said Swire will have an extraordinary gain of
+  about 1.38 billion dlrs from the flotation of its Cathay
+  Pacific Airways Ltd <CAPH.HKG> unit last May.
+      Swire had an extraordinary gain of 59.1 mln dlrs in 1985.
+      Share analysts said Swire will set a 36 cent final dividend
+  for its "A" shares, making a total of 54 cents, after 47 cents
+  adjusted for a two-for-one bonus issue in 1985.
+      Aviation and properties together account for 75 pct of the
+  company's net asset value and about 85 pct of its net profits,
+  analysts said.
+      The company's aviation division consists of its majority
+  stake in Cathay Pacific Airways Ltd and its 25 pct interest in
+  <Hongkong Aircraft Engineering Co Ltd>, which is also 25 pct
+  owned by Cathay.
+      Cathay last week reported 1986 profits climbed to 1.23
+  billion dlrs from 777 mln in 1985, partly because of lower fuel
+  costs and greater traffic.
+      Swire's share of Cathay, which stood at 70 pct before the
+  flotation, fell to 54.25 pct at the end of last year and has
+  since slipped to 50.23 pct.
+      Hongkong Aircraft reported this month its 1986 net profits
+  rose 29.5 pct to 115.5 mln dlrs.
+      Tony Measor, an analyst at Hong Leong Securities Ltd,
+  estimates Swire's profits will be 1.525 billion dlrs.
+      "Much depends on properties," said Measor. "And they did a lot
+  better in the second half of the year."
+      Estimates of profits from the firm's wholly owned Swire
+  Properties Ltd unit range widely from 500 mln dlrs to 700 mln
+  compared with 570 mln dlrs in 1985.
+      Swire Properties recorded an interim profit of 120 mln dlrs
+  for the first half of 1986, well below 260 mln dlrs for the
+  same 1985 period, but analysts said that was due mainly to the
+  low level of completion of new residential flats. The firm's
+  properties consist mainly of the Taikoo Shing residential
+  development and two luxury housing projects.
+      Hoare Govett Asia Ltd said the completion of 1,100 flats in
+  Taikoo Shing will have yielded profits of 300 mln dlrs in
+  second-half 1986.
+      During the year property prices continued to rise as more
+  people bought real estate, benefiting from low interest rates,
+  analysts said.
+      "At the end of last year, flats in Taikoo Shing were selling
+  at 1,100 dlrs per square foot, up by about 20 pct from a year
+  ago," said Frederick Tsang of Mansion House Securities (F.E.)
+  Ltd.
+      Swire is developing a large commercial and hotel complex in
+  the central business district of Hong Kong but it will not
+  provide income until the first stage is completed next year.
+      The company also sold three properties and a part interest
+  in a proposed hotel development, which should result in
+  extraordinary gains of 60 mln dlrs in 1986, according to James
+  Capel (Far East) Ltd.
+      Swire's trading and manufacturing operations are expected
+  to earn 300 mln dlrs, up 22 pct from 1985 but its shipping and
+  offshore services are likely to post a small loss of about 10
+  mln dlrs because of depressed market conditions.
+  
+
diff --git a/reuters/training/8596 b/reuters/training/8596
new file mode 100644
index 0000000000000000000000000000000000000000..18cbf282ef9c8719713a0f544e8aa3226b5a24ae
--- /dev/null
+++ b/reuters/training/8596
@@ -0,0 +1,25 @@
+(CORRECTED) - PHILIPPINES CRITICISES EC FOR OIL LEVY
+  Philippines Trade and
+  Industry Secretary Jose Concepcion told world trade ministers
+  he wondered if their agreement was of any real value after the
+  European Community (EC) proposed a levy on vegetable oils.
+      Concepcion, speaking at an informal meeting of the General
+  Agreement on Tariffs and Trade (GATT) here, said ministers
+  declared in Uruguay last September that the trade of
+  less-developed nations should not be disrupted.
+      He said the EC not only ignored Manila's request for lower
+  tariffs on coconut oil but proposed a levy on vegetable oils
+  and fats that are vital exports for Southeast Asian countries.
+      Concepcion said while the levy might be rejected by the EC
+  Council of Ministers, he noted that "I cannot help but wonder
+  whether the agreements we produce in meetings like this are of
+  any real value."
+      He also said industrialised nations saved about 65 billion
+  U.S. Dlrs in 1985 through low commodity prices, but this had
+  affected the ability of developing nations to import goods and
+  services.
+      "The health and the growth of world trade requires that the
+  new development of developing countries losing their share of
+  world trade be arrested and reversed," he said.
+  
+
diff --git a/reuters/training/8597 b/reuters/training/8597
new file mode 100644
index 0000000000000000000000000000000000000000..25a7e3d01ca2f78f8f2dd5149e709673bfa5eb46
--- /dev/null
+++ b/reuters/training/8597
@@ -0,0 +1,44 @@
+TAIWAN COMPLAINS ABOUT SIZE OF RESERVES
+  Taiwan's foreign exchange reserves,
+  swollen by strong trade surpluses to a record 53 billion U.S.
+  Dlrs, are becoming a problem, government officials said.
+      Official figures show the latest level compares with the
+  previous record of 51 billion dlrs on March 4 and about 26
+  billion in late March 1986.
+      Central bank Governor Chang Chi-cheng told reporters the
+  increase in reserves was the result of heavy intervention by
+  the bank on the local interbank market. It bought nearly two
+  billion U.S. Dlrs between March 5 and 23, he said.
+      Wang Chao-ming, vice chairman of the government's Council
+  for Economic Planning and Development, told Reuters the rising
+  reserves were "a big headache for Taiwan."
+      He said the government expects heavier pressure from the
+  U.S., Where protectionist bills are being proposed against
+  nations such as Taiwan and Japan with large trade surpluses
+  with the U.S.
+      Wang said the government would launch new measures within
+  the next two months to further reduce import tariffs and open
+  the market wider to foreign products, especially those from the
+  U.S.
+      Wang said the measures aim at helping reduce Taiwan's trade
+  surplus, which rose to 2.73 billion U.S. Dlrs in the first two
+  months of 1987 from 2.02 billion a year earlier. Nearly 90 pct
+  of the surplus was with the U.S.
+      Vice Economic Minister Wang Chien-shien agreed with Wang's
+  remarks and said efforts to avert U.S. Protectionism were
+  running out of time. "We must do it quickly or face retaliation
+  from Washington," he said.
+      He said the measures would include removal of trade
+  barriers on insurance and inland services for U.S. Companies.
+      Chang Chi-cheng said the central bank could not stop buying
+  U.S. Dollars because of heavy sales by local exporters who fear
+  the strong local dollar will cause them exchange losses.
+      He said the bank is studying revision of the foreign
+  exchange rules in hope of further reducing currency controls,
+  but declined to give details.
+      The Taiwan dollar has risen about 15 pct against the U.S.
+  Dollar since September 1985. It opened at 34.38 to the U.S.
+  Dollar today and is expected to rise further to 33 in June and
+  to 32 by end-year, some foreign bankers said.
+  
+
diff --git a/reuters/training/8598 b/reuters/training/8598
new file mode 100644
index 0000000000000000000000000000000000000000..e2734705c3992ececc41f1caf746d518a44d89fc
--- /dev/null
+++ b/reuters/training/8598
@@ -0,0 +1,45 @@
+AUSTRALIAN MINISTER SEES TARGETED OIL TAX STRATEGY
+  Australia's crude
+  oil tax strategy is probably best tackled in terms of a
+  targeted rather than broadly-based approach, Federal Resources
+  and Energy Minister Gareth Evans told a meeting here.
+      He told the Australian Petroleum Exploration Association
+  (APEA) annual conference there was a prospect of developing a
+  package that would recognise the government's economic
+  priorities while also meeting some of the industry's concerns.
+      Evans was referring to a nearly completed government review
+  of oil taxation.
+      Evans said there were plenty of examples where targeted
+  approaches to oil industry taxation had produced good results
+  in recent years.
+      These include the reduction in the top marginal crude
+  excise rate on 'old' Bass Strait oil found before September
+  1975 to 80 pct from 87 pct, and the waiver of excise on onshore
+  oil announced last September, he said.
+      The industry, through the APEA, has been calling for the
+  elimination of secondary taxation on oil in order to boost
+  incentives for prospecting against a background of weak prices
+  and Australia's relatively low exploration levels.
+      "While nobody wants to add further unnecessary complexity to
+  an already complex taxation regime, I am inclined to favour
+  these kinds of tailored approaches ahead of sweeping changes,
+  which leave (government) revenue much reduced and may still
+  leave a lot of uncertainty as to what individual companies are
+  going to do in major areas," Evans said.
+      He said the government did not intend to change its
+  resource rent taxation (RRT) legislation, now before
+  parliament, in response to industry calls to allow all
+  exploration expenditure in a given area to be deductible.
+      As previously reported, RRT is a tax of 40 pct limited to
+  highly prospective offshore areas, based on profits after a
+  certain rate of return has been achieved for individual
+  projects.
+      APEA has said it is not a true profit-based tax because
+  exploration deductibility is limited to successful projects.
+      Evans said the decision not to change RRT was based more
+  than anything on the government's desire to ensure the
+  certainty and stability of the new regime, adding that major
+  investments have already been planned on the existing ground
+  rules.
+  
+
diff --git a/reuters/training/8599 b/reuters/training/8599
new file mode 100644
index 0000000000000000000000000000000000000000..0d6b9b11f1bf7d293339d703e7713546e60c33d4
--- /dev/null
+++ b/reuters/training/8599
@@ -0,0 +1,32 @@
+GATT ROUND MAY STOP GROWING TRADE PROBLEMS - U.S.
+  A successful new GATT
+  (General Agreement on Tariffs and Trade) round is needed to
+  halt growing bilateral trade problems between major trading
+  partners, U.S. Trade Representative Clayton Yeutter said.
+      Yeutter, in New Zealand for informal GATT ministerial
+  talks, told Reuters bilateral trade disputes are increasing
+  because the multilateral system is inefficient.
+      "That is really a strong rationale why we need a new GATT
+  round," he said. "The very existence of all these bilateral
+  irritants clearly emphasises the need to develop multilateral
+  solutions to some of these problems."
+      The eighth GATT round of negotiations was launched at Punta
+  del Este in Uruguay in September 1986. Agriculture and services
+  were included in the negotiations for the first time.
+      The growing debt burden of Latin American and African
+  nations will also provide impetus for the GATT round to
+  succeed, he said.
+      "Clearly those countries need to develop their export
+  endeavours and they need open markets for that to happen and
+  that's the basic objective of the new GATT round," he said.
+      But he said the GATT round is a long term endeavour. It
+  will not give any short term relief for debt ridden countries,
+  but it will make a difference in 10 to 15 years.
+      "It's a worthwhile activity from their standpoint because
+  these debts are not going to go away in the next year or two,"
+  he said.
+      "They ought to be very strongly supported in the GATT round
+  as a mechanism for relieving their debt burdens or making
+  possible debt amortisation in the future," he said.
+  
+
diff --git a/reuters/training/86 b/reuters/training/86
new file mode 100644
index 0000000000000000000000000000000000000000..ddfb1206fadf0ade203bd174da2cd19c809b8e99
--- /dev/null
+++ b/reuters/training/86
@@ -0,0 +1,6 @@
+TONKA CORP <TKA> RAISES DIVIDEND
+  Qtly div two cts vs 1.7 cts
+      Pay March 26
+      Record March 12
+  
+
diff --git a/reuters/training/8600 b/reuters/training/8600
new file mode 100644
index 0000000000000000000000000000000000000000..a4d10b91d4d1a984ae311cfc0097612fb35db289
--- /dev/null
+++ b/reuters/training/8600
@@ -0,0 +1,35 @@
+SHELL AUSTRALIA REPORTS 45.79 MLN DLR 1986 PROFIT
+  Royal Dutch/Shell Group <RD.AMS> unit
+  <Shell Australia Ltd>, said its net profit fell to 45.79 mln
+  dlrs in 1986 from 66.76 mln in 1985.
+      Revenue fell to 4.55 billion dlrs from 4.91 billion, in an
+  extremely competitive and over-regulated environment, chairman
+  and chief executive Kevan Gosper said in a statement. A 26.25
+  mln dlr annual dividend would be paid to the parent after a
+  very disappointing year.
+      "A return of 2.2 pct on funds employed represents a very
+  meagre return ... In an economy suffering from inflation of
+  around 10 pct," he said.
+      Gosper said the results reflected heavy reliance on
+  downstream oil and chemicals, poor coal and metal returns and
+  the financial burden of the North-West Shelf gas project.
+      Duties, royalties and taxes rose to 1.37 billion dlrs
+  against 852.72 mln in 1985 and Gosper urged the government to
+  move quickly to lift costly and unnecessary regulation.
+      "It is just as important for Australia to maintain a
+  financially healthy, technically advanced refining and
+  marketing industry as it is to sustain oil exploration and
+  production," he said.
+      "The Australian oil industry has the experience and the
+  capacity to serve the nation and its shareholders well if the
+  government would stop putting roadblocks in our way," he said.
+      Shell invested 500 mln dlrs over the past five years to
+  upgrade its oil refining and marketing business, but further
+  investment required an appropriate rate of return, he said.
+      Exploration and evaluation spending in 1986 fell to 18.77
+  mln dlrs from 26.35 mln, while investment in property and plant
+  rose to 374.25 mln from 353.94 mln a year earlier.
+      Gosper said oil companies would be under intense pressure
+  in 1987 because of forecast slow economic growth.
+  
+
diff --git a/reuters/training/8602 b/reuters/training/8602
new file mode 100644
index 0000000000000000000000000000000000000000..8ea7f69f65b31a5988f63c6f6fec7c6ce7cadd03
--- /dev/null
+++ b/reuters/training/8602
@@ -0,0 +1,31 @@
+NAKASONE INTERVENES IN MICROCHIP DISPUTE WITH U.S.
+  Prime Minister Yasuhiro Nakasone
+  intervened to try to resolve Japan's escalating dispute with
+  the U.S. Over semiconductor trade, government officials said.
+      At today's Cabinet meeting, Nakasone told Trade and
+  Industry Minister Hajime Tamura to redouble his efforts to calm
+  U.S. Anger over what it sees as Japan's unfair trade practices
+  in semiconductors.
+      Nakasone intervened only two days before a scheduled
+  meeting of the Reagan administration's Economic Policy Council
+  to consider whether Japan is reneging on its microchip pact
+  with the U.S.
+      That pact, agreed last year after months of negotiations,
+  calls on Japan to stop selling cut-price chips in world markets
+  and to raise its imports of U.S. Semiconductors.
+      Senior U.S. Officials have accused Tokyo of failing to live
+  up to the accord and have threatened retaliatory action.
+      Yesterday, Tamura's Ministry of International Trade and
+  Industry (MITI) launched a last-ditch attempt to salvage the
+  pact by writing letters to U.S. Policy makers setting out
+  Japan's case and telling Japanese chip makers to cut output.
+      In his letter, the contents of which were released today,
+  Tamura said a MITI survey carried out at the beginning of March
+  showed Japanese producers were not selling at cut-rate prices
+  in Asian markets.
+      In a separate letter sent to senior U.S. Officials, MITI
+  vice minister for international affairs Makoto Kuroda suggested
+  the two countries could conduct a joint investigation into
+  allegations of Japanese chip dumping in such markets.
+  
+
diff --git a/reuters/training/8603 b/reuters/training/8603
new file mode 100644
index 0000000000000000000000000000000000000000..cfd837079cd9686146f41c1ca3a8bf4f9e79cd5d
--- /dev/null
+++ b/reuters/training/8603
@@ -0,0 +1,18 @@
+NORTHEAST, EASTERN THAILAND FACE SEVERE DROUGHT
+  Thirteen provinces, mainly in northeast
+  and eastern Thailand, have been suffering a worse than average
+  drought since mid-February and the dry spell is expected to
+  last until early May, Deputy Interior Minister Santi
+  Chaiviratana said.
+      Santi told reporters the government is launching a drought
+  relief operation mainly involving the use of water trucks to
+  send water to affected farming areas.
+      He did not say what crops have been damaged in northeast
+  Thailand but said large durian orchards in eastern Chanthaburi
+  province have suffered heavy losses.
+      The Minister said the affected areas include eight
+  provinces in the northeast, two in eastern Thailand and three
+  rubber growing provinces in the south near the Malaysian
+  border.
+  
+
diff --git a/reuters/training/8604 b/reuters/training/8604
new file mode 100644
index 0000000000000000000000000000000000000000..358d496af1f106cc8553ca44a539173b2c3e8313
--- /dev/null
+++ b/reuters/training/8604
@@ -0,0 +1,19 @@
+U.K., AUSTRALIA OFFER WHEAT TO BANGLADESH
+  Britain and Australia have offered a
+  total of 129,250 tonnes of wheat to Bangladesh as grants to
+  contain rising cereal prices and help support rural employment
+  projects, officials said.
+      They said 79,250 tonnes of wheat promised by Britain would
+  be shipped next week and used for the government's "Food for
+  Work" program in the villages.
+      Under the program, workers building roads, digging
+  irrigation canals and engaged in other rural development
+  activities get their daily wages in wheat instead of money.
+      The 50,000 tonnes of Australian wheat would arrive in
+  Bangladesh next month and be sold under open-market operations
+  designed to stop price increases, the officials said.
+      Prices of rice and wheat have risen at least 15 pct in the
+  past month, market sources said. But the government expects
+  prices to fall after the wheat harvest next month.
+  
+
diff --git a/reuters/training/8605 b/reuters/training/8605
new file mode 100644
index 0000000000000000000000000000000000000000..b93e33761cb1083fda534cdfb5e87f895b941e96
--- /dev/null
+++ b/reuters/training/8605
@@ -0,0 +1,5 @@
+Sumita says Bank of Japan will intervene if necessary
+
+  Sumita says Bank of Japan will intervene if necessary
+  
+
diff --git a/reuters/training/8606 b/reuters/training/8606
new file mode 100644
index 0000000000000000000000000000000000000000..13b908c935a2289a43bda889e1ffb52694df6803
--- /dev/null
+++ b/reuters/training/8606
@@ -0,0 +1,35 @@
+WORLD BANK CHIEF PLEDGES SUPPORT TO INDONESIA
+  World Bank president Barber Conable
+  pledged the Bank's support to help Indonesia adjust to lower
+  world oil prices, but said further deregulation of its
+  protected economy was needed.
+      Speaking to reporters after talks with President Suharto,
+  he said he expected Jakarta to do more to liberalise the
+  economy and deregulate trade policy.
+      Indonesia, hurt by the fall in oil prices last year which
+  cut the value of its crude exports in half, is the Third
+  World's sixth largest debtor. It has received 10.7 billion dlrs
+  from the World Bank in the past 20 years.
+      Conable said the World Bank, which granted Indonesia a 300
+  mln dlr loan last month to help its balance of payments, was
+  prepared to back Jakarta in taking the right steps to adjust to
+  lower oil and primary commodity prices.
+      "We are prepared to support those steps which we believe are
+  consistent with the development of the Indonesian economy," he
+  said.
+      He said Jakarta's willingness to move quickly after last
+  year's collapse in oil price saved Indonesia from some of the
+  difficulties now faced by other countries.
+      Indonesia devalued its currency by 31 pct against the
+  dollar in September to avoid a balance of payments crisis, and
+  has announced a series of measures since May intended to
+  stimulate exports, encourage foreign investment and revitalise
+  the economy.
+      However, key monopolies in areas like steel and plastics
+  and high tariff barriers remain in place.
+      Conable arrived in Indonesia on Saturday and has since met
+  14 Indonesian cabinet ministers to review the country's
+  borrowing needs and the impact of falling oil prices on the
+  country.
+  
+
diff --git a/reuters/training/8607 b/reuters/training/8607
new file mode 100644
index 0000000000000000000000000000000000000000..953d294477fd47f5947586ca724552806127128b
--- /dev/null
+++ b/reuters/training/8607
@@ -0,0 +1,23 @@
+SUMITA SAYS BANK WILL INTERVENE IF NECESSARY
+  Bank of Japan Governor Satoshi Sumita
+  said in a statement the central bank will intervene in foreign
+  exchange markets to stabilise exchange rates if necessary in
+  close cooperation with other major industrial nations.
+      Sumita said the Bank will take adequate measures including
+  market intervention, if necessary, in line with the February 22
+  Paris agreement by six major industrial nations.
+      Canada, Britain, France, Japan, the U.S. And West Germany
+  agreed to cooperate in stabilising exchange rates around
+  current levels. Sumita's statement was issued after the dollar
+  slipped below 150 yen to hit a record low of 148.40.
+      "It is inevitable that exchange rates fluctuate under the
+  system of floating rates," Sumita said.
+      The fact the dollar plunged below 150 yen does not mean
+  anything significant under the floating system, he said.
+      The six nations agreed in Paris exchange rates prevailing
+  then were broadly consistent with underlying economic
+  fundamentals and further substantial rate shifts could damage
+  growth and adjustment prospects in their countries, the Paris
+  statement said.
+  
+
diff --git a/reuters/training/8608 b/reuters/training/8608
new file mode 100644
index 0000000000000000000000000000000000000000..9481d3d72354589ffc5116841fbd4967e08a5943
--- /dev/null
+++ b/reuters/training/8608
@@ -0,0 +1,29 @@
+YEUTTER SAYS U.S.-JAPAN TRADE DIFFICULTIES REMAIN
+  U.S. Trade Representative
+  Clayton Yeutter said he was unsure whether some of the trade
+  issues straining U.S.-Japanese relations would be resolved
+  before the two countries open trade talks in late April.
+      "We are having high level discussions on them (the issues)
+  within the United States...The relationship on some of those is
+  very strained between us (Japan) at the moment and we need to
+  relieve those strains at the earliest possible date," he said.
+      "I am not sure we can wait until late April," he added.
+      Yeutter is in New Zealand for a two-day informal meeting of
+  trade ministers who are reviewing the Uruguay round of the
+  General Agreement on Trade and Tariffs (GATT).
+      He said he will meet the Japanese delegation over the next
+  few days but declined to discuss methods of relieving the
+  strain between the two countries.
+      Yeutter said earlier the three most contentious trade
+  issues were semiconductors, Japanese government unwillingness
+  to allow public entities to buy U.S. Super-computers and the
+  barring of U.S. Firms from the eight billion U.S. Dlr Kansai
+  airport project near Osaka.
+      The Japanese delegation to the GATT talks said in a
+  statement yesterday they are making major efforts to dismantle
+  trade barriers in their country.
+      "I am convinced that they are attempting to move their
+  policies in the right direction. The question is how far and
+  how fast," Yeutter said.
+  
+
diff --git a/reuters/training/8609 b/reuters/training/8609
new file mode 100644
index 0000000000000000000000000000000000000000..e93540f25a34b57e2c5e38ca3fdd5db58f84e5f0
--- /dev/null
+++ b/reuters/training/8609
@@ -0,0 +1,5 @@
+P AND O 1986 PRETAX PROFIT 174.1 MLN STG VS 125.6 MLN
+
+  P AND O 1986 PRETAX PROFIT 174.1 MLN STG VS 125.6 MLN
+  
+
diff --git a/reuters/training/861 b/reuters/training/861
new file mode 100644
index 0000000000000000000000000000000000000000..1eb0576b09e84fe1eec2d57a77c071dff0fade5f
--- /dev/null
+++ b/reuters/training/861
@@ -0,0 +1,14 @@
+DILLARD DEPARTMENT STORES INC <DDS> 4TH QTR NET
+  Qtr ended Jan 31
+      Shr 1.16 dlrs vs 1.15 dlrs
+      Net 32.4 mln vs 33.5 mln
+      Revs 629.0 mln vs 538.6 mln
+      Avg shrs 32.1 mln vs 29.2 mln
+      12 mths
+      Shr 2.35 dlrs vs 2.29 dlrs
+      Net 74.5 mln vs 66.9 mln
+      Revs 1.85 billion vs 1.60 billion
+      Avg shrs 31.7 mln vs 29.2 mln
+      Note: Shr/avg shrs data show 2-for-1 split in Nov. 1985.
+  
+
diff --git a/reuters/training/8610 b/reuters/training/8610
new file mode 100644
index 0000000000000000000000000000000000000000..5e13d4795b4ad0fd4cc86de0612642c1e58aad1e
--- /dev/null
+++ b/reuters/training/8610
@@ -0,0 +1,14 @@
+KUWAIT SAYS OPEC 2.4 MLN BPD BELOW CEILING
+  Kuwaiti oil minister Sheikh Ali
+  al-Khalifa al-Sabah said OPEC was producing well below its oil
+  output ceiling and this would help prices move higher,
+  according to a Kuwaiti newspaper interview.
+      The al-Rai al-Aam newspaper quoted him as saying OPEC was
+  pumping 2.4 mln barrels per day (bpd) less than its 15.8 mln
+  bpd ceiling, while consumers were drawing down their petroleum
+  stocks at a rate of 4.5 mln bpd.
+      As long as OPEC maintains its output curbs, demand for its
+  oil will rise in April and May, Sheikh Ali said, adding that
+  Kuwait was strongly committed to its OPEC quota.
+  
+
diff --git a/reuters/training/8611 b/reuters/training/8611
new file mode 100644
index 0000000000000000000000000000000000000000..482d515654061565ed5876c3abf120f6b8841d47
--- /dev/null
+++ b/reuters/training/8611
@@ -0,0 +1,27 @@
+PENINSULAR AND ORIENTAL 1986 YEAR
+  Earnings per one stg of deferred stock 41.7p vs 34.9
+      Div 11.5p making 19.0 vs 16.0
+      Turnover 1.95 billion stg vs 1.63 billion
+      Pretax profit 174.1 mln vs 125.6 mln
+      Tax 49.4 mln vs 34.9 mln
+      NOTE - Company's full name is Peninsular and Oriental Steam
+  Navigation Co Plc <PORL.L>
+      Net operating costs 1.77 billion stg vs 1.51 billion
+      Share of profits of associates 21.1 mln vs 37.9 mln
+      Operating profit 206.3 mln vs 154.2 mln
+      Investment income 1.7 mln vs 3.6 mln
+      Net interest payable 29.5 mln vs 29.2 mln
+      Employee profit sharing 4.4 mln vs 3.0 mln
+      Minority interests 2.5 mln debit vs 2.4 mln debit
+      Extraordinary items 29.8 mln credit vs 0.1 mln credit
+      Group operating profit includes -
+      Service industries 40.7 mln vs 34.4 mln
+      Passenger shipping 19.5 mln vs 13.1 mln
+      Housebuilding, construction/development 50.1 mln vs 30.0
+  mln
+      Container and bulk shipping 43.8 mln vs 34.4 mln
+      P and O Australia 6.6 mln vs 9.4 mln
+      Banking nil vs 7.7 mln
+      Investment property income 45.6 mln vs 25.2 mln
+  
+
diff --git a/reuters/training/8612 b/reuters/training/8612
new file mode 100644
index 0000000000000000000000000000000000000000..df7cac89e58a338f81ae970bc5e72ca16661c9c9
--- /dev/null
+++ b/reuters/training/8612
@@ -0,0 +1,5 @@
+Woolworth Holdings pretax profit 115.3 mln stg vs 81.3 mln, year to end-January
+
+  Woolworth Holdings pretax profit 115.3 mln stg vs 81.3 mln, year to end-January
+  
+
diff --git a/reuters/training/8613 b/reuters/training/8613
new file mode 100644
index 0000000000000000000000000000000000000000..2e32a9f308d734ef132bd9f6c932af33e4947031
--- /dev/null
+++ b/reuters/training/8613
@@ -0,0 +1,17 @@
+CHINA SAYS POSSIBLE GOOD HARVEST DESPITE DROUGHT
+  China's summer grain harvest may be good
+  despite a serious drought because the State Council (cabinet)
+  has spent one billion yuan on irrigation and other anti-drought
+  work, a Hong Kong newspaper said.
+      Wen Hui Bao said the drought, which has affected Shanxi,
+  Hebei, Henan and Shandong the most, has eased with March rains
+  in south China and March snowfall in the north and as some new
+  irrigation projects have come into use.
+      "If the drought does not worsen, there is hope for a bumper
+  harvest," it quoted experts of the Ministry of Electric Power as
+  saying. They gave no figures.
+      The 1986 summer grain harvest was a record 93 mln tonnes,
+  up from 92 mln in 1985, out of a total 1986 grain harvest of
+  391 mln. The 1987 target is 405 mln.
+  
+
diff --git a/reuters/training/8614 b/reuters/training/8614
new file mode 100644
index 0000000000000000000000000000000000000000..0393b6f90d984f0a4d1374deccf6441fbfa1d749
--- /dev/null
+++ b/reuters/training/8614
@@ -0,0 +1,17 @@
+WOOLWORTH HOLDINGS PLC <WLUK.L> YR TO END-JANUARY
+  Shr 47.1p vs 37.7
+      Shr fully diluted 42.2p vs 33.6
+      Div 11p vs 7 making 16 vs 10
+      Turnover 1.83 billion stg vs 1.76 billion
+      Pretax profit 115.3 mln vs 81.3 mln
+      Tax 30.5 mln vs 16.2 mln
+      Retail profit -
+      B and Q 45.5 mln vs 33.1 mln
+      Comet 17.4 mln vs 11.9 mln
+      Woolworth 38.7 mln vs 17.6 mln
+      Other 4.6 mln loss vs 600,000 loss
+      Property income 49.4 mln vs 48.0 mln
+      Net interest payable 31.1 mln vs 28.7 mln
+      Extraordinary debit 16.0 mln vs 29.1 mln
+  
+
diff --git a/reuters/training/8615 b/reuters/training/8615
new file mode 100644
index 0000000000000000000000000000000000000000..938d15c1dae3377bf8bc33c2e800d5a28165ca24
--- /dev/null
+++ b/reuters/training/8615
@@ -0,0 +1,34 @@
+TMOC TELLS SHAREHOLDERS NOT TO ACCEPT SANTOS BID
+  <TMOC Resources Ltd> told shareholders
+  not to accept Santos Ltd's <STOS.S> 4.00 dlr a share takeover
+  bid pending advice from Macquarie Hill Samuel Corporate
+  Services, its corporate advisor.
+      It said in a statement the Santos bid was below the
+  underlying value of the shares as assessed by Macquarie Hill
+  Samuel at between 4.08 dlrs and 4.72.
+      TMOC, formerly the Moonie Oil Co Ltd, said the valuation
+  was made in response to an earlier and still current bid of
+  2.55 dlrs a share by <Elders Resources Ltd>. Elders Resources
+  holds 19.9 pct of TMOC's 62 mln shares.
+      TMOC said it did not know Elders Resources' response to the
+  bid or that of its other major shareholder the <Australian Gas
+  Light Co>. The latter has a 10.5 pct stake in TMOC.
+      <Avalon Corp> of the U.S. Has a 17 pct stake in TMOC
+  through an option agreement.
+      Santos, which is 15 pct owned by Elders Resources,
+  yesterday said its bid valued TMOC at 248.5 mln dlrs.
+      TMOC said today this was not a premium over the share price
+  before the bid and that TMOC had traded at up to 4.06 dlrs a
+  share in the last two weeks.
+      TMOC said in the statement that the bid was unsolicited and
+  that Santos had only a 3.07 pct stake despite paying up to four
+  dlrs a share on-market.
+      TMOC has oil and gas interests and pipelines which
+  complement the operations of Santos, the major Cooper Basin oil
+  and gas producer.
+      TMOC shares today closed five cents up at 4.15 dlrs on
+  turnover of 182,000 shares while Santos, due to release its
+  profit result today, rose eight cents to 4.50 dlrs on volume of
+  245,000 shares.
+  
+
diff --git a/reuters/training/8616 b/reuters/training/8616
new file mode 100644
index 0000000000000000000000000000000000000000..a04b324f2a16866d0dc25b642f55e05d96b6f8c1
--- /dev/null
+++ b/reuters/training/8616
@@ -0,0 +1,5 @@
+SANTOS LTD <STOS.S> YEAR END DEC 31 NET PROFIT 88.67 DLRS VS 144.04 MLN
+
+  SANTOS LTD <STOS.S> YEAR END DEC 31 NET PROFIT 88.67 DLRS VS 144.04 MLN
+  
+
diff --git a/reuters/training/8617 b/reuters/training/8617
new file mode 100644
index 0000000000000000000000000000000000000000..41a049a8366a1d0f1a68c4eec88fcff4067afdcf
--- /dev/null
+++ b/reuters/training/8617
@@ -0,0 +1,5 @@
+WILLIAMS HOLDINGS SAYS IT BIDDING 542.2 MLN STG FOR NORCROS ORDINARY SHARES
+
+  WILLIAMS HOLDINGS SAYS IT BIDDING 542.2 MLN STG FOR NORCROS ORDINARY SHARES
+  
+
diff --git a/reuters/training/8618 b/reuters/training/8618
new file mode 100644
index 0000000000000000000000000000000000000000..ec79d778390672a15baf7f6b31db997c367d7f70
--- /dev/null
+++ b/reuters/training/8618
@@ -0,0 +1,47 @@
+WILLIAMS HOLDINGS BIDS 542.2 MLN STG FOR NORCROS
+  Industrial holding company Williams
+  Holdings Plc said it was bidding 542.2 mln stg for the ordinary
+  shares of building products and packaging group Norcros Plc.
+      The offer would be made on the basis of 29 new Williams
+  shares for every 50 in Norcros, or 432.7p a share
+      Norcros shares firmed to 410p at 0914 GMT from a close last
+  night of 397p.
+      A statement by Williams said it was confident of the merits
+  of the proposed merger and it had therefore taken care to
+  propose from the outset the right terms, including a full cash
+  alternative.
+      The offer will include a partial convertible alternative
+  under which shareholders would receive up to a total of 205.69
+  mln new second convertible shares in Williams instead of their
+  ordinary share allocations.
+      The offer for Norcros preferential shares offers one
+  Williams preferential share for each one of Norcros, for a
+  value of 130p each and a total of 2.9 mln stg.
+      Last week Williams reported that pretax profits for 1986
+  rose to 22.9 mln stg from 6.3 mln.
+      Speculation about a bid for Norcros had been circulating in
+  the market for several months, dealers said. Initially it
+  centred on <Bunzl Plc>, which once held a 2.6 pct stake, then
+  switched to Williams when it began accumulating shares.
+      Earlier this year, Williams suggested holding talks with
+  Norcros on a possible merger but was rebuffed by Norcros which
+  replied that any benefits that could be achieved could also
+  result from normal trading.
+      In the six months to end-September, Norcros reported a rise
+  in pretax profits to 20.14 mln stg from 18.55 mln on turnover
+  that lifted to 311.82 mln from 303.91 mln
+      Williams Holdings began expanding from 1982 when it had a
+  market capitalisation of around one mln stg. A series of
+  acquisitions in the next four years has pushed its
+  capitalisation up to around 380 mln.
+      The convertible offer would be on the basis of four
+  Williams convertibles for every Norcros share, worth 428p a
+  share. The cash alternative would offer the equivalent of
+  400.2p a share.
+      The announcement of the bid pushed Williams share price
+  down to 733p from last night's close at 750p.
+      Williams said it held a total 850,000 shares in Norcros, or
+  0.7 pct, while an associate held a further 1.99 mln or 1.6 pct.
+      There was no immediate response from Norcros.
+  
+
diff --git a/reuters/training/8619 b/reuters/training/8619
new file mode 100644
index 0000000000000000000000000000000000000000..600ac8929262509dd68149813543be5a579e81bb
--- /dev/null
+++ b/reuters/training/8619
@@ -0,0 +1,16 @@
+SANTOS LTD <STOS.S> YEAR ENDING DEC 31
+  Shr 37.0 cents vs 60.0
+      Final div deferred vs 11 cents (1985 full year 20.0)
+      Pre-tax 171.05 mln vs 239.97 mln
+      Net 88.67 mln vs 144.04 mln
+      Turnover 400.42 mln vs 506.51 mln
+      Other income 85.44 mln vs 71.04 mln
+      Shrs 238.99 vs same.
+      NOTE - Final div deferred for tax advantage until after
+  July 1 but not expected to be less than nine cents (interim
+  seven). Net after tax 82.38 mln vs 95.92 mln, depreciation and
+  amortisation 93.29 mln vs 76.19 mln, interest 90.94 mln vs
+  116.49 mln, minorities nil vs loss 10,000 but before
+  extraordinary loss 6.49 mln vs loss 53.40 mln.
+  
+
diff --git a/reuters/training/8621 b/reuters/training/8621
new file mode 100644
index 0000000000000000000000000000000000000000..e64e03892862540d43defe534a9ba96ead1a0e14
--- /dev/null
+++ b/reuters/training/8621
@@ -0,0 +1,62 @@
+DOUBTS ABOUT ACCORD SEEN WEAKENING DOLLAR FURTHER
+  The dollar is expected to decline further
+  in coming days as scepticism mounts about the effectiveness of
+  last month's Paris accord to stabilise currency exchange rates,
+  senior foreign exchange dealers said.
+      Following its fall today to a record 148.40 yen, dealers
+  said they expect the dollar to establish a new trading range of
+  147 to 150 yen before the market again tries to push it down.
+  Behind the latest dollar fall lies the belief that last month's
+  accord was no longer enough to stop operators pushing the
+  dollar down, the dealers said.
+      "The recent remark by U.S. Treasury Secretary James Baker
+  that the Paris accord did not set any target ranges for major
+  currencies has cast a shadow on the agreement," said Koji
+  Kidokoro, general manager of Mitsui Bank Ltd's treasury
+  division.
+      He said the market interpreted this as indicating the U.S.
+  Would favour a weaker dollar and it had little intention of
+  intervening to support the currency.
+      "This eliminated the widespread market caution against
+  possible joint central bank intervention," Kidokoro said.
+      Dealers said the dollar had gathered renewed downward
+  momentum and that Bank of Japan intervention alone could hardly
+  contain a further slide in the currency.
+      They said the central bank bought between one to 1.5
+  billion dlrs today, including direct purchases through brokers,
+  and yesterday it might have bought a small amount of dollars
+  through the U.S. Central bank in New York.
+      Most dealers said they doubted the U.S. Federal Reserve
+  would intervene on its own account to support the dollar, but
+  some said this might occur if the dollar fell much below 148
+  yen.
+      "If the dollar drops to that low level, it could reduce the
+  flow of foreign capital into U.S. Securities, which the
+  Americans don't want," said Haruya Uehara, chief money market
+  manager of Mitsubishi Trust and Banking Corp.
+      He said the dollar may return to around 152 yen next month
+  when corporations reduce their dollar sales after they close
+  their books for the 1986/87 business year ending on March 31.
+      But dealers said the longer-term outlook for the dollar
+  remained bearish. This was due to the lacklustre performance of
+  the U.S. Economy, the continuing U.S. Trade deficit and
+  Japanese delays in announcing an economic stimulation package.
+      "The Americans are getting frustrated at Japan's inertia in
+  stimulating its economy," said Hirozumi Tanaka, assistant
+  general manager of Dai-Ichi Kangyo Bank Ltd's international
+  treasury division.
+      In the Paris currency accord Japan promised a package of
+  economic measures, after the fiscal 1987 budget was passed, to
+  boost domestic demand, increase imports, and thus reduce its
+  trade surplus. The package was expected in April, but debate on
+  the budget has been delayed by an opposition boycott of
+  parliamentary business over the proposed introduction of a
+  sales tax.
+      In the circumstances the government had only a slim chance
+  of producing a meaningful economic package in the near future,
+  Dai-Ichi Kangyo's Tanaka said.
+      Dealers said if steps are not taken to stimulate the
+  Japanese economy protectionist sentiment in the U.S. Congress
+  would grow and put more downward pressure on the dollar.
+  
+
diff --git a/reuters/training/8623 b/reuters/training/8623
new file mode 100644
index 0000000000000000000000000000000000000000..2fd0f619e38ee1661d84174cde45373798ebcd36
--- /dev/null
+++ b/reuters/training/8623
@@ -0,0 +1,35 @@
+AUSTRALIAN OIL INDUSTRY TO CONTINUE TAX CAMPAIGN
+  The council of the
+  Australian Petroleum Exploration Association (APEA) said it
+  will press on with its campaign for major improvements to
+  Australia's petroleum taxation structure.
+      The council said in a statement the industry was bitterly
+  disappointed by the Australian government's position on
+  taxation, as presented in a speech by Resources and Energy
+  Minister Gareth Evans to the APEA conference.
+      As earlier reported, Evans said he was inclined to target
+  any tax changes rather than take a broad-based approach to
+  secondary taxation of petroleum.
+      APEA had expected the government to make positive responses
+  to detailed industry submissions seeking the removal of
+  existing secondary tax disincentives to exploration and
+  development, the council said.
+      It said it plans to reply in detail to issues raised by
+  Evans, but its immediate concern was the decision to proceed
+  with the current resource rental tax (RRT) legislation.
+      Evans told the conference the government did not plan to
+  accept industry pleas for changes in the legislation to allow
+  deductibility of unsuccessful exploration expenditure.
+      "The government's unwillingness to allow the deduction of
+  unsuccessful exploration expenditure within the whole offshore
+  area in which RRT applies negates any claim that the tax is
+  profit based," the APEA council said.
+      The government missed a major opportunity to persuade oil
+  exploration companies that it had realistic answers to the
+  industry's concerns, despite its recognition of the industry's
+  problems, the council said.
+      The industry has called for the end of all discriminatory
+  secondary taxation of petroleum, citing them as major
+  disincentives at a time of low oil prices.
+  
+
diff --git a/reuters/training/8624 b/reuters/training/8624
new file mode 100644
index 0000000000000000000000000000000000000000..7cb811a5eb6c7fc9802b6b3dec9dd88e0e85aa0c
--- /dev/null
+++ b/reuters/training/8624
@@ -0,0 +1,13 @@
+GERMAN FEBRUARY IMPORT PRICES FALL
+  Import prices in West Germany fell
+  0.7 pct in February from January to stand 15.6 pct below their
+  level in February 1986, the Federal Statistics Office said.
+      In January the import price index, base 1980, was unchanged
+  compared with December but 17.8 pct lower against January 1986.
+      February export prices, same base as import prices, were
+  unchanged compared with January and 2.5 pct lower than in
+  February 1986.
+      In January export prices fell 0.3 pct against December to
+  stand 3.0 pct lower than in January 1986.
+  
+
diff --git a/reuters/training/8628 b/reuters/training/8628
new file mode 100644
index 0000000000000000000000000000000000000000..190135e1e6dac5ff54869cb89e923033fc7f963f
--- /dev/null
+++ b/reuters/training/8628
@@ -0,0 +1,55 @@
+NIPPON LIFE, SHEARSON TIE-UP SEEN SETTING TREND
+  Nippon Life Insurance Co's 538 mln dlr
+  purchase of a 13 pct stake in Shearson Lehman Brothers Inc
+  brokerage unit is a shrewd move that other Japanese insurers
+  are likely to follow, securities analysts said.
+      The investment in one of Wall Street's top brokerage houses
+  is likely to pay off in dollars and international market
+  position, they said. "It's part of a trend towards growing
+  capital participation by Japanese insurance firms in foreign
+  financial institutions," said Simon Smithson, an analyst with
+  Kleinwort Benson International Inc in Tokyo.
+      The investment in Shearson Lehman, a growing firm described
+  by some analysts as the top U.S. Retail brokerage, will give
+  Nippon Life a ringside seat and possibly lower commissions on
+  Wall Street, where it invests an increasing percentage of its
+  assets of 90.2 billion dlrs, they said.
+      Nippon Life staff will also acquire expertise in business
+  sectors which have not yet opened up in Japan, they added.
+      The agreement between the two companies calls for a 50-50
+  joint venture in London focussing on investment advisory asset
+  management, market research, and consulting on financing.
+      Nippon Life is Japan's largest insurance company and the
+  world's biggest institutional investor, analysts said.
+      The Japanese finance ministry is expected to approve the
+  deal in April, making Nippon Life the first Japanese life
+  insurance firm to take a stake in a U.S. Financial firm.
+      The limit on foreign assets as a proportion of Japanese
+  insurers' assets was increased to 25 pct from 10 pct last year.
+  Since then, they have stepped up purchases of foreign stocks
+  and sought to deepen their understandng of foreign markets and
+  instruments.
+      Last year, a Sumitomo Life Insurance Co official was
+  appointed to E.F. Hutton Group Inc unit E.F. Hutton and Co's
+  board and Sumitomo Bank Ltd spent 500 mln dlrs to become a
+  limited partner in Goldman, Sachs and Co.
+      Smithson said Japanese banks started buying smaller and
+  problem-plagued banks in 1984. "But now Japanese are going for
+  blue-chip organisations," he said.
+      "It's a reflection of what has happened in manufacturing
+  industries," said Brian Waterhouse at James Capel and Co. "With a
+  historically high yen, and historically low interest rates,
+  there's an increasing disincentive to invest in Japan."
+      Competition in fund management has grown along with greater
+  Japanese savings. The typical salaried employee has 7.33 mln
+  yen in savings, reflecting an annual average savings rate of 17
+  to 18 pct, he said.
+      To stay competitive, fund managers must invest overseas and
+  gain experience with financial instruments which are likely to
+  spread to Japan with further deregulation. "The high regulatory
+  environment has delayed (life insurance firms')
+  diversification. Now there's a growing number of new products
+  in an environment of increasing competition for performance on
+  fund management," Smithson said.
+  
+
diff --git a/reuters/training/8629 b/reuters/training/8629
new file mode 100644
index 0000000000000000000000000000000000000000..8f47bf00106c0680de20d2367e340a200407c56c
--- /dev/null
+++ b/reuters/training/8629
@@ -0,0 +1,12 @@
+U.K. MONEY MARKET DEFICIT FORECAST AT 300 MLN STG
+  The Bank of England said it forecast a
+  shortage of around 300 mln stg in the money market today.
+      Among the main factors affecting liquidity, bills maturing
+  in official hands and the take-up of treasury bills will drain
+  some 338 mln stg while bankers' balances below target will take
+  out around 25 mln stg.
+      Partly offsetting these outflows, a fall in note
+  circulation and exchequer transactions will add some 45 mln stg
+  and 25 mln stg to the system respectively.
+  
+
diff --git a/reuters/training/8630 b/reuters/training/8630
new file mode 100644
index 0000000000000000000000000000000000000000..2f4220b50f10fe9d561914f32d046a7feb48b152
--- /dev/null
+++ b/reuters/training/8630
@@ -0,0 +1,45 @@
+SANTOS SAYS PROFITS HIT BY OIL PRICE FALL
+  Leading Australian onshore oil and gas
+  producer, Santos Ltd <STOS.S>, said its 1986 results were hit
+  by sharp reductions in prices for crude oil, condensate and
+  liquefied petroleum gas (LPG).
+      The Cooper Basin producer earlier reported a fall in net
+  profit to 88.67 mln dlrs from 144.04 mln in 1985.
+      Santos chairman Sir Brian Massy-Greene said in a statement
+  that increased production, particularly of oil and LPG, along
+  with reduced operating costs and reduced or deferred oil
+  exploration and development outlays, were helping Santos deal
+  with an adverse business climate.
+      Santos said it remained financially strong with an
+  injection of 84 mln dlrs from the second instalment of a 1985
+  rights issue, and had cash reserves of 381.3 mln dlrs at the
+  end of 1986 against 401.9 mln a year earlier.
+      It said it had also made significant progress in repaying
+  debts and at year end the ratio of debt to shareholders' funds
+  had fallen to 1.01 from 1.54.
+      Santos yesterday announced a 4.00 dlr a share takeover bid
+  for the 96.93 pct it did not already hold in oil and gas
+  company <TMOC Resources Ltd> -- valuing the target at 248.5 mln
+  dlrs.
+      Santos said 75 pct of its loans were U.S. Dollar
+  denominated and significant currency purchases were made during
+  the year to maintain that natural hedge. At year end it held
+  145 mln U.S. Dlrs, enough to meet all 1987 repayments.
+      Santos said it had a successful gas exploration program,
+  finding 172 billion cubic feet in South Australia, but oil
+  exploration was less successful with 1.62 mln barrels added to
+  reserves -- less than depletion during the year.
+      Cooper Basin producers are committed to a two-year scheme
+  to double gas exploration while Santos said its 1987 budget for
+  oil exploration had been boosted 20 pct.
+      Santos said the outlook for 1987 depended on prices and
+  production volumes but with extra oil exploration and
+  encouraging gas finds there were grounds for optimism.
+      But it called on the goverment to continue fostering
+  domestic producers through the Import Parity Price scheme.
+      "It makes no sense to abandon this policy now when
+  exploration is at its lowest level for many years and when
+  Australia's oil self-sufficency is expected to decline rapidly,"
+  Massy-Green said.
+  
+
diff --git a/reuters/training/8632 b/reuters/training/8632
new file mode 100644
index 0000000000000000000000000000000000000000..2bf2bcd1e2af38507457ed2ea18e89ccd4d02f56
--- /dev/null
+++ b/reuters/training/8632
@@ -0,0 +1,28 @@
+P AND O PLANS WARRANT ISSUE TO MARK ANNIVERSARY
+  Peninsular and Oriental Steam Navigation
+  Co Plc <PORL.L>, P and O, said it plans a free warrant issue on
+  the basis of 10 warrants for every 150 stg nominal of deferred
+  stock already held, to mark the 150th anniversary of the
+  company.
+      Each warrant will give the right to subscribe for one stg
+  nominal of deferred stock at 750p during a specified period in
+  the five years starting in 1988.
+      P and O deferred shares were last quoted at 629p, down 1p
+  since yesterday, after the company reported 1986 pre-tax profit
+  of 174.1 mln stg against 125.6 mln for 1985.
+      P and O said 1986 produced an acceptable level of growth,
+  though ground has to be made up in one or two areas.
+      The company has a strong balance sheet and considerable
+  flexibility for 1987, it added. P and O will concentrate on
+  expanding in its established market sectors.
+      Commenting on the recent ferry disaster in the North Sea
+  off Zeebrugge, the statement said the precise cause is unknown.
+  The company has instituted an immediate investigation and both
+  the British and Belgian governments are conducting inquiries.
+      The stricken ferry, the Herald of Free Enterprise, belongs
+  to Townsend Thoresen, which became part of P and O in January.
+      P and O is considering listing its shares in Japan and
+  other important overseas financial centres, the statement
+  added.
+  
+
diff --git a/reuters/training/8635 b/reuters/training/8635
new file mode 100644
index 0000000000000000000000000000000000000000..679bf2fcffd247c06b3f5b7c9ed02a0858e10b0c
--- /dev/null
+++ b/reuters/training/8635
@@ -0,0 +1,36 @@
+CANADA OUTLINES GATT AGRICULTURAL REFORM PLAN
+  Canadian Trade Minister Pat
+  Carney said that agricultural policies should not hurt world
+  international trade and should therefore become more price
+  responsive over time.
+      She told delegates at the informal meeting of trade
+  ministers that this was one of five principles Canada wanted
+  adopted in reforming agriculture in the General Agreement on
+  Tariffs and Trade (GATT). Secondly, support for agriculture
+  should avoid production incentives, and thirdly, countries
+  should freeze and seek to reduce government aid measures that
+  distorted world prices, Carney said.
+      Carney said the fourth principle was that countries should
+  not introduce new import barriers not mandated by existing
+  legislation and the fifth was that these basic principles must
+  be implemented collectively.
+      Carney later told Reuters the Canadian guidelines are
+  basically compatible with the seven point Australian proposals
+  announced in Davos, Switzerland, in January.
+      European trade sources said the conference welcomed the
+  Canadian initiative but some delegates, and not only the
+  European Community, voiced reservations about some of the
+  principles.
+      Carney said there was a lot of political will among the
+  ministers here to complete the Uruguay Round of GATT in under
+  four years and that there is also a realisation that it has to
+  be done in a balanced way.
+      "The consensus view was to proceed as fast as we can on a
+  broad front and see what areas emerge where we can get early
+  conclusion," she said.
+      However, the meeting did not identify what those areas are,
+  Carney said.  She said Canada/U.S. Bilateral trade
+  negotiations, which must be concluded at least in draft form by
+  October, are progressing well.
+  
+
diff --git a/reuters/training/8636 b/reuters/training/8636
new file mode 100644
index 0000000000000000000000000000000000000000..d76e09a013b4c980b204cf806cf3ac297299cada
--- /dev/null
+++ b/reuters/training/8636
@@ -0,0 +1,14 @@
+TAIWAN ISSUES MORE CERTIFICATES OF DEPOSITS
+  The Central Bank said it issued 4.96
+  billion dlrs worth of certificates of deposit (CDs) today,
+  after issuing 4.03 billion of similar CDs yesterday, bringing
+  the total value of CD issues in 1987 to 139.46 billion.
+      The new CDs, with maturities of six months, one year and
+  two years, carry interest rates ranging from 4.07 pct to 5.12
+  pct, a bank official told Reuters.
+      The issues are designed to help curb the growth of m-1b
+  money supply, which is expanding as a result of large foreign
+  exchange reserves.
+      The reserves hit a record 53 billion U.S. Dlrs yesterday.
+  
+
diff --git a/reuters/training/8637 b/reuters/training/8637
new file mode 100644
index 0000000000000000000000000000000000000000..f2d0be4e338d2172a75cb1e8265e8d5cd7268937
--- /dev/null
+++ b/reuters/training/8637
@@ -0,0 +1,32 @@
+PHILIPPINE TRADE SECRETARY PLEASED WITH GATT TALKS
+  Philippine Secretary of
+  Trade and Industry Jose Concepcion, who two days ago expressed
+  doubts about agreements produced at international conferences,
+  said he was pleased with the latest gathering here.
+      Concepcion told Reuters in an interview that the informal
+  General Agreement on Tariffs and Trade (GATT) meeting gave
+  ministers from more than 20 nations the chance to examine
+  issues with which GATT did not have the political will to deal.
+      "Also, the role of the developing countries has been
+  emphasised in this particular meeting. Somehow it has been the
+  perception of developing countries that GATT is a club of rich
+  countries," he added in an interview with Reuters.
+      "In fact many of the issues that have been tabled for
+  discussion (in the Uruguay round of trade negotiations) will be
+  of more benefit to the developed countries," he said.
+      Concepcion said at the start of the Taupo meeting that the
+  Uruguay round was meant to be a "shining act of faith" in the
+  world trade system.
+      Concepcion said the Philippines would address the issues of
+  trade in tropical fruit and the improvement of GATT machinery
+  to make it more responsive.
+      He said tropical fruit came from developing countries but
+  faced non-tariff barriers, quantitative restrictions or very
+  high duties in other nations. Concepcion named Japan and South
+  Korea as examples.
+      He said he would go to Wellington for talks with New
+  Zealand, which had a surplus in trade with the Philippines, to
+  encourage it to switch imports from other countries. He noted
+  that New Zealand bought its bananas from Ecuador.
+  
+
diff --git a/reuters/training/8638 b/reuters/training/8638
new file mode 100644
index 0000000000000000000000000000000000000000..f75b33a3817485503e59f45ffafc23c6e280d2bc
--- /dev/null
+++ b/reuters/training/8638
@@ -0,0 +1,14 @@
+DROUGHT HITS THAI RUBBER AND FRUIT GROWERS
+  A drought that began seven weeks ago is
+  hurting orchards and rubber plantations in Thailand and
+  officials said it could last until May.
+      The government is trucking water into parched farms in
+  parts of northeastern, eastern and southern provinces, but not
+  enough to satisfy farmers, according to press reports.
+      There has been no official estimate of damage.
+      Officials of Thailand's rain-making institute said its
+  airplanes could help little because few clouds were forming for
+  them to seed with rain-making chemicals. Thailand has a rainy
+  season that normally starts in May and lasts to October.
+  
+
diff --git a/reuters/training/8641 b/reuters/training/8641
new file mode 100644
index 0000000000000000000000000000000000000000..f92037666ea05ef3da717cb969678d2806270c82
--- /dev/null
+++ b/reuters/training/8641
@@ -0,0 +1,14 @@
+MIYAZAWA SAYS U.S. LIKELY TO INTERVENE
+  Finance Minister Kiichi Miyazawa told
+  Parliament's Lower House Finance Committee that the U.S. Is
+  expected to intervene in the foreign exchange market to
+  stabilise exchange rates, political sources said.
+      Asked if the U.S. Federal Reserve Board agreed in Paris
+  last month to intervene to stabilise exchange rates, Miyazawa
+  said yes, the sources said.
+      Miyazawa was also quoted as saying that he is sceptical
+  about the effectiveness of currency reference ranges even if
+  major nations agree on such an idea as it is extremely
+  difficult to set such ranges.
+  
+
diff --git a/reuters/training/8643 b/reuters/training/8643
new file mode 100644
index 0000000000000000000000000000000000000000..ddfbe8e52d276637d20c47cf6b881f64a9ebefa6
--- /dev/null
+++ b/reuters/training/8643
@@ -0,0 +1,5 @@
+British Aerospace 1986 pretax profit 182.2 mln stg vs 150.5 mln
+
+  British Aerospace 1986 pretax profit 182.2 mln stg vs 150.5 mln
+  
+
diff --git a/reuters/training/8644 b/reuters/training/8644
new file mode 100644
index 0000000000000000000000000000000000000000..9e1b55f1d09c9662ecfb5d760ae21aaeb69f6b3f
--- /dev/null
+++ b/reuters/training/8644
@@ -0,0 +1,28 @@
+BRITISH AEROSPACE PLC <BAEL.L> 1986 YEAR
+  Shr 51.4p vs 56.4p
+      Div 11.0p making 17.4p, a 10 pct increase on 1985
+      Turnover 3.14 billion stg vs 2.65 billion
+      Pretax profit 182.2 mln vs 150.5 mln
+      Tax 53.8 mln vs 23.5 mln
+      Note - comparisons restated.
+      Trading profit 217.2 mln vs 211.1 mln
+      Launching costs 47.6 mln vs 51.6 mln
+      Share of profit of related companies 3.6 mln vs 3.4 mln
+      Net interest receivable 9.0 mln vs 12.4 mln payable
+      Extraordinary debit 44.1 mln vs nil
+      Trading profit includes  -
+      Civil aircraft 7.7 mln loss vs 2.5 mln loss
+      Military aircraft and support services 146.0 mln vs 148.3
+  mln
+      Guided weapon and electronic systems 139.7 mln vs 127.8 mln
+      Space and communications 1.9 mln vs 2.0 mln loss
+      Company funded research and development 62.7 mln loss vs
+  54.9 mln
+      Reorganisation costs nil vs 5.6 mln loss
+      Launch costs include -
+      BAe 146 17.1 mln vs 27.3 mln
+      Airbus 19.4 mln vs 6.9 mln
+      BAe 125-800 0.3 mln vs 1.5 mln
+      ATP 10.8 mln vs 15.9 mln
+  
+
diff --git a/reuters/training/865 b/reuters/training/865
new file mode 100644
index 0000000000000000000000000000000000000000..7d47d2254602c81f6622379353b516cadca1207f
--- /dev/null
+++ b/reuters/training/865
@@ -0,0 +1,8 @@
+KENTUCKY CENTRAL LIFE <KENCA> SETS PAYOUT
+  Kentucky Central Life Insurance
+  Co said it declared a semi-annual dividend of 55 cts per share,
+  payable March 31 to shareholders or record March 19.
+      The dividend is equal to the company's previous semi-annual
+  payout.
+  
+
diff --git a/reuters/training/8654 b/reuters/training/8654
new file mode 100644
index 0000000000000000000000000000000000000000..651da8a17042cc0d27af535cac4f4a38f78e2f3f
--- /dev/null
+++ b/reuters/training/8654
@@ -0,0 +1,19 @@
+GERMAN FEB SUGAR STOCKS UP IN YEAR, DOWN IN MONTH
+  West German sugar stocks rose to 2.60 mln
+  tonnes, white value, at the end of February from 2.50 mln at
+  the same time a year earlier, the sugar industry association
+  WVZ said.
+      However, stocks were well below the 2.82 mln held at the
+  end of January.
+      Sugar exports between October 1 and February 28 rose to
+  449,253 tonnes from 435,727 in the same period of 1985/86.
+  Sales to non-European Community countries rose to 419,541
+  tonnes from 349,511, while sales within the EC fell sharply to
+  29,712 tonnes from 86,216.
+      Imports in October-February fell to 59,605 tonnes from
+  76,044 in the same months a year earlier, the sugar industry
+  association said.
+      Human sugar consumption in October-February rose to 817,856
+  tonnes from 799,128 in the year-ago period.
+  
+
diff --git a/reuters/training/8656 b/reuters/training/8656
new file mode 100644
index 0000000000000000000000000000000000000000..14af77d3e9d02d24657cea145e63e4d323e9d915
--- /dev/null
+++ b/reuters/training/8656
@@ -0,0 +1,20 @@
+PORTUGUESE GRAIN AGENCY BAN TO REMAIN - EC SOURCES
+  A ban by a Portuguese court on the
+  state buying agency EPAC taking part in cereals import tenders
+  open to private traders will remain unless it is reversed in
+  Portugal or challenged in the European Court of Justice,
+  European Commission sources said.
+      They denied a statement yesterday by Portuguese Agriculture
+  Minister Alvaro Barreto that the commission had accepted that
+  EPAC should be eligible, saying it had taken no view in the
+  matter.
+      Under the terms of Portugal's accession to the European
+  Community, a grain import monopoly held by EPAC is being
+  reduced by 20 pct annually until all imports are liberalised in
+  1990.
+      Lisbon's civil court decided in a preliminary ruling
+  earlier this month that EPAC should not be allowed to take
+  part, as it had done in the past, in tenders for the
+  liberalised share of annual grain imports.
+  
+
diff --git a/reuters/training/8657 b/reuters/training/8657
new file mode 100644
index 0000000000000000000000000000000000000000..027b73570fe179014e6aeab03c242b7948867630
--- /dev/null
+++ b/reuters/training/8657
@@ -0,0 +1,13 @@
+BANK OF JAPAN STEPS UP DOLLAR BUYING
+  The Bank of Japan stepped up its dollar
+  buying as it re-entered the market after the midday Tokyo lunch
+  break, dealers said.
+      They said the bank seemed more determined to support the
+  dollar than it did this morning.
+      Several dealers said the central bank intervened this
+  afternoon when the dollar stood around 149 yen.
+      One said it purchased 150 to 200 mln dlrs in the half-hour
+  since the market re-opened after its lunchtime closure. Another
+  said the bank still has buying orders in the market.
+  
+
diff --git a/reuters/training/8658 b/reuters/training/8658
new file mode 100644
index 0000000000000000000000000000000000000000..953d294477fd47f5947586ca724552806127128b
--- /dev/null
+++ b/reuters/training/8658
@@ -0,0 +1,23 @@
+SUMITA SAYS BANK WILL INTERVENE IF NECESSARY
+  Bank of Japan Governor Satoshi Sumita
+  said in a statement the central bank will intervene in foreign
+  exchange markets to stabilise exchange rates if necessary in
+  close cooperation with other major industrial nations.
+      Sumita said the Bank will take adequate measures including
+  market intervention, if necessary, in line with the February 22
+  Paris agreement by six major industrial nations.
+      Canada, Britain, France, Japan, the U.S. And West Germany
+  agreed to cooperate in stabilising exchange rates around
+  current levels. Sumita's statement was issued after the dollar
+  slipped below 150 yen to hit a record low of 148.40.
+      "It is inevitable that exchange rates fluctuate under the
+  system of floating rates," Sumita said.
+      The fact the dollar plunged below 150 yen does not mean
+  anything significant under the floating system, he said.
+      The six nations agreed in Paris exchange rates prevailing
+  then were broadly consistent with underlying economic
+  fundamentals and further substantial rate shifts could damage
+  growth and adjustment prospects in their countries, the Paris
+  statement said.
+  
+
diff --git a/reuters/training/866 b/reuters/training/866
new file mode 100644
index 0000000000000000000000000000000000000000..77cd4f1e5b0baedf91edac1e3d789ce9d2c8a633
--- /dev/null
+++ b/reuters/training/866
@@ -0,0 +1,6 @@
+BANK OF NEW ENGLAND CORP <BKNE> QTLY DIVIDEND
+  Qtly div 28 cts vs 28 cts prior
+      Pay April 20
+      Record March 31
+  
+
diff --git a/reuters/training/8661 b/reuters/training/8661
new file mode 100644
index 0000000000000000000000000000000000000000..6d77331e9ca299f86e4dd0f587054478a0f5d26c
--- /dev/null
+++ b/reuters/training/8661
@@ -0,0 +1,36 @@
+CBI SURVEY POINTS TO SURGE IN U.K. OUTPUT
+  British manufacturers expect output to
+  grow rapidly in the four coming months, a Confederation of
+  British Industry (CBI) survey shows.
+      The CBI's monthly trends survey for March shows that 43 pct
+  of the 1,685 polled U.K. Firms expect to raise output in the
+  next four months. Only nine pct expect output to fall while 47
+  pct said production would likely remain unchanged.
+      The CBI said the positive balance between firms expecting
+  production to rise and those forecasting a fall, at 34 pct, was
+  the highest such figure recorded since 1977.
+      In the CBI's February survey, 37 pct of companies expected
+  a rise in output while 54 pct forecast production would remain
+  at present levels and eight pct expected production to drop.
+      The survey also showed that 23 pct of the polled companies
+  consider current order books to be above normal while 58 pct
+  view them as normal and only 19 pct regard them as below
+  normal.
+      This was the highest positive balance since the question
+  was first asked more than 10 years ago, the CBI said.
+      In February, the figures were 24 pct, 22 pct and 54 pct
+  respectively.
+      Companies also rated their export possibilities higher. Of
+  all polled companies, 23 pct rated their export order books to
+  be above normal and 53 pct described them as normal while only
+  23 pct believed export orders were below normal levels.
+      In February, 25 pct thought their export books were below
+  normal and 50 pct believed them to be about normal. At 23 pct,
+  the proportion of companies rating their export books above
+  normal was unchanged between February and March.
+      On prices, the survey showed that 62 pct of companies
+  expect average prices at which domestic orders are booked will
+  remain unchanged in the coming four months, up from 57 pct in
+  February.
+  
+
diff --git a/reuters/training/8662 b/reuters/training/8662
new file mode 100644
index 0000000000000000000000000000000000000000..5014237e4ee7f9aadd54d677666b9a1512bb4eb1
--- /dev/null
+++ b/reuters/training/8662
@@ -0,0 +1,44 @@
+YEUTTER SEES GATT CONSENSUS ON FARM TRADE REFORM
+  U.S. Trade Representative
+  Clayton Yeutter said trade ministers meeting here have reached
+  a general consensus on agricultural trade reform under the
+  latest Uruguay round of the General Agreement on Tariffs and
+  Trade (GATT).
+      Yeutter gave no precise details of the understanding but
+  told journalists the consensus covers the principles involved
+  in agricultural trade reform and what needs to be done to
+  improve the global situation in agriculture.
+      Delegates from 22 countries are meeting informally to
+  discuss progress made since the latest GATT round was launched
+  in Punta del Este, Uruguay, last September.
+      Yeutter said "at least people seem to be going down the same
+  road...But how that translates ultimately into negotiations is
+  another matter entirely."
+      There seems to be an understanding of the need to deal with
+  the problem quickly and "a more common understanding of how we
+  are going to get from here to there," Yeutter said.
+      However, the hard work is still to come, with a couple of
+  years of tough negotiations ahead, he said.
+      "It is ludicrous for the nations of the world to plough
+  immense amounts of financial resources into the production of
+  items that nobody wants to buy," he said.
+      He said the long-term answer is to switch some of the
+  financial resources now committed to agriculture to other more
+  productive areas. This would help agriculture because some its
+  inefficient non-productive segments would stop operating, he
+  said.
+      Individual segments in many countries may lose in the
+  process, but it should result in a more rational system of
+  world-wide production within 10 or 15 years, he said.
+      It is important that the agriculture negotiations reach a
+  relatively early conclusion because the U.S. Is spending 26
+  billion dlrs a year and the European Community probably more
+  than that, which is an ineffective use of financial resources,
+  he said.
+      Asked about the prospect of a priority for agriculture in
+  the negotiations, he said "one has to be politically
+  realistic... If there is any chance of getting it (agricultural
+  trade reform) done in two to three years it's going to have to
+  be as part of a larger package."
+  
+
diff --git a/reuters/training/8663 b/reuters/training/8663
new file mode 100644
index 0000000000000000000000000000000000000000..42cbcb82b8f5a73aaabfe5ed226dd0f07b7cb714
--- /dev/null
+++ b/reuters/training/8663
@@ -0,0 +1,31 @@
+NAKASONE INTERVENES IN MICROCHIP DISPUTE
+  Prime Minister Yasuhiro Nakasone
+  intervened to try to resolve Japan's escalating dispute with
+  the U.S. Over semiconductor trade, government officials said.
+      At today's Cabinet meeting, Nakasone told Trade and
+  Industry Minister Hajime Tamura to redouble his efforts to calm
+  U.S. Anger over what it sees as Japan's unfair trade practices
+  in semiconductors.
+      Nakasone intervened only two days before a scheduled
+  meeting of the Reagan administration's Economic Policy Council
+  to consider whether Japan is reneging on its microchip pact
+  with the U.S.
+      That pact, agreed last year after months of negotiations,
+  calls on Japan to stop selling cut-price chips in world markets
+  and to raise its imports of U.S. Semiconductors.
+      Senior U.S. Officials have accused Tokyo of failing to live
+  up to the accord and have threatened retaliatory action.
+      Yesterday, Tamura's Ministry of International Trade and
+  Industry (MITI) launched a last-ditch attempt to salvage the
+  pact by writing letters to U.S. Policy makers setting out
+  Japan's case and telling Japanese chip makers to cut output.
+      In his letter, the contents of which were released today,
+  Tamura said a MITI survey carried out at the beginning of March
+  showed Japanese producers were not selling at cut-rate prices
+  in Asian markets.
+      In a separate letter sent to senior U.S. Officials, MITI
+  vice minister for international affairs Makoto Kuroda suggested
+  the two countries could conduct a joint investigation into
+  allegations of Japanese chip dumping in such markets.
+  
+
diff --git a/reuters/training/8664 b/reuters/training/8664
new file mode 100644
index 0000000000000000000000000000000000000000..e64e03892862540d43defe534a9ba96ead1a0e14
--- /dev/null
+++ b/reuters/training/8664
@@ -0,0 +1,62 @@
+DOUBTS ABOUT ACCORD SEEN WEAKENING DOLLAR FURTHER
+  The dollar is expected to decline further
+  in coming days as scepticism mounts about the effectiveness of
+  last month's Paris accord to stabilise currency exchange rates,
+  senior foreign exchange dealers said.
+      Following its fall today to a record 148.40 yen, dealers
+  said they expect the dollar to establish a new trading range of
+  147 to 150 yen before the market again tries to push it down.
+  Behind the latest dollar fall lies the belief that last month's
+  accord was no longer enough to stop operators pushing the
+  dollar down, the dealers said.
+      "The recent remark by U.S. Treasury Secretary James Baker
+  that the Paris accord did not set any target ranges for major
+  currencies has cast a shadow on the agreement," said Koji
+  Kidokoro, general manager of Mitsui Bank Ltd's treasury
+  division.
+      He said the market interpreted this as indicating the U.S.
+  Would favour a weaker dollar and it had little intention of
+  intervening to support the currency.
+      "This eliminated the widespread market caution against
+  possible joint central bank intervention," Kidokoro said.
+      Dealers said the dollar had gathered renewed downward
+  momentum and that Bank of Japan intervention alone could hardly
+  contain a further slide in the currency.
+      They said the central bank bought between one to 1.5
+  billion dlrs today, including direct purchases through brokers,
+  and yesterday it might have bought a small amount of dollars
+  through the U.S. Central bank in New York.
+      Most dealers said they doubted the U.S. Federal Reserve
+  would intervene on its own account to support the dollar, but
+  some said this might occur if the dollar fell much below 148
+  yen.
+      "If the dollar drops to that low level, it could reduce the
+  flow of foreign capital into U.S. Securities, which the
+  Americans don't want," said Haruya Uehara, chief money market
+  manager of Mitsubishi Trust and Banking Corp.
+      He said the dollar may return to around 152 yen next month
+  when corporations reduce their dollar sales after they close
+  their books for the 1986/87 business year ending on March 31.
+      But dealers said the longer-term outlook for the dollar
+  remained bearish. This was due to the lacklustre performance of
+  the U.S. Economy, the continuing U.S. Trade deficit and
+  Japanese delays in announcing an economic stimulation package.
+      "The Americans are getting frustrated at Japan's inertia in
+  stimulating its economy," said Hirozumi Tanaka, assistant
+  general manager of Dai-Ichi Kangyo Bank Ltd's international
+  treasury division.
+      In the Paris currency accord Japan promised a package of
+  economic measures, after the fiscal 1987 budget was passed, to
+  boost domestic demand, increase imports, and thus reduce its
+  trade surplus. The package was expected in April, but debate on
+  the budget has been delayed by an opposition boycott of
+  parliamentary business over the proposed introduction of a
+  sales tax.
+      In the circumstances the government had only a slim chance
+  of producing a meaningful economic package in the near future,
+  Dai-Ichi Kangyo's Tanaka said.
+      Dealers said if steps are not taken to stimulate the
+  Japanese economy protectionist sentiment in the U.S. Congress
+  would grow and put more downward pressure on the dollar.
+  
+
diff --git a/reuters/training/8665 b/reuters/training/8665
new file mode 100644
index 0000000000000000000000000000000000000000..66d6e37897ff38b11a57ec3023e5a24f2b2667a1
--- /dev/null
+++ b/reuters/training/8665
@@ -0,0 +1,5 @@
+Prudential Corp 1986 pretax profit 178.1 mln stg vs 110.1 mln
+
+  Prudential Corp 1986 pretax profit 178.1 mln stg vs 110.1 mln
+  
+
diff --git a/reuters/training/8666 b/reuters/training/8666
new file mode 100644
index 0000000000000000000000000000000000000000..190135e1e6dac5ff54869cb89e923033fc7f963f
--- /dev/null
+++ b/reuters/training/8666
@@ -0,0 +1,55 @@
+NIPPON LIFE, SHEARSON TIE-UP SEEN SETTING TREND
+  Nippon Life Insurance Co's 538 mln dlr
+  purchase of a 13 pct stake in Shearson Lehman Brothers Inc
+  brokerage unit is a shrewd move that other Japanese insurers
+  are likely to follow, securities analysts said.
+      The investment in one of Wall Street's top brokerage houses
+  is likely to pay off in dollars and international market
+  position, they said. "It's part of a trend towards growing
+  capital participation by Japanese insurance firms in foreign
+  financial institutions," said Simon Smithson, an analyst with
+  Kleinwort Benson International Inc in Tokyo.
+      The investment in Shearson Lehman, a growing firm described
+  by some analysts as the top U.S. Retail brokerage, will give
+  Nippon Life a ringside seat and possibly lower commissions on
+  Wall Street, where it invests an increasing percentage of its
+  assets of 90.2 billion dlrs, they said.
+      Nippon Life staff will also acquire expertise in business
+  sectors which have not yet opened up in Japan, they added.
+      The agreement between the two companies calls for a 50-50
+  joint venture in London focussing on investment advisory asset
+  management, market research, and consulting on financing.
+      Nippon Life is Japan's largest insurance company and the
+  world's biggest institutional investor, analysts said.
+      The Japanese finance ministry is expected to approve the
+  deal in April, making Nippon Life the first Japanese life
+  insurance firm to take a stake in a U.S. Financial firm.
+      The limit on foreign assets as a proportion of Japanese
+  insurers' assets was increased to 25 pct from 10 pct last year.
+  Since then, they have stepped up purchases of foreign stocks
+  and sought to deepen their understandng of foreign markets and
+  instruments.
+      Last year, a Sumitomo Life Insurance Co official was
+  appointed to E.F. Hutton Group Inc unit E.F. Hutton and Co's
+  board and Sumitomo Bank Ltd spent 500 mln dlrs to become a
+  limited partner in Goldman, Sachs and Co.
+      Smithson said Japanese banks started buying smaller and
+  problem-plagued banks in 1984. "But now Japanese are going for
+  blue-chip organisations," he said.
+      "It's a reflection of what has happened in manufacturing
+  industries," said Brian Waterhouse at James Capel and Co. "With a
+  historically high yen, and historically low interest rates,
+  there's an increasing disincentive to invest in Japan."
+      Competition in fund management has grown along with greater
+  Japanese savings. The typical salaried employee has 7.33 mln
+  yen in savings, reflecting an annual average savings rate of 17
+  to 18 pct, he said.
+      To stay competitive, fund managers must invest overseas and
+  gain experience with financial instruments which are likely to
+  spread to Japan with further deregulation. "The high regulatory
+  environment has delayed (life insurance firms')
+  diversification. Now there's a growing number of new products
+  in an environment of increasing competition for performance on
+  fund management," Smithson said.
+  
+
diff --git a/reuters/training/8667 b/reuters/training/8667
new file mode 100644
index 0000000000000000000000000000000000000000..679bf2fcffd247c06b3f5b7c9ed02a0858e10b0c
--- /dev/null
+++ b/reuters/training/8667
@@ -0,0 +1,36 @@
+CANADA OUTLINES GATT AGRICULTURAL REFORM PLAN
+  Canadian Trade Minister Pat
+  Carney said that agricultural policies should not hurt world
+  international trade and should therefore become more price
+  responsive over time.
+      She told delegates at the informal meeting of trade
+  ministers that this was one of five principles Canada wanted
+  adopted in reforming agriculture in the General Agreement on
+  Tariffs and Trade (GATT). Secondly, support for agriculture
+  should avoid production incentives, and thirdly, countries
+  should freeze and seek to reduce government aid measures that
+  distorted world prices, Carney said.
+      Carney said the fourth principle was that countries should
+  not introduce new import barriers not mandated by existing
+  legislation and the fifth was that these basic principles must
+  be implemented collectively.
+      Carney later told Reuters the Canadian guidelines are
+  basically compatible with the seven point Australian proposals
+  announced in Davos, Switzerland, in January.
+      European trade sources said the conference welcomed the
+  Canadian initiative but some delegates, and not only the
+  European Community, voiced reservations about some of the
+  principles.
+      Carney said there was a lot of political will among the
+  ministers here to complete the Uruguay Round of GATT in under
+  four years and that there is also a realisation that it has to
+  be done in a balanced way.
+      "The consensus view was to proceed as fast as we can on a
+  broad front and see what areas emerge where we can get early
+  conclusion," she said.
+      However, the meeting did not identify what those areas are,
+  Carney said.  She said Canada/U.S. Bilateral trade
+  negotiations, which must be concluded at least in draft form by
+  October, are progressing well.
+  
+
diff --git a/reuters/training/8668 b/reuters/training/8668
new file mode 100644
index 0000000000000000000000000000000000000000..3e5874439a50afaf0efb0acf4f9ce48eb13db3fd
--- /dev/null
+++ b/reuters/training/8668
@@ -0,0 +1,23 @@
+PRUDENTIAL CORP PLC <PRUL.L> 1986 YEAR
+  Shr 34.5p vs 24.5p adjusted
+      Div 19p making 29p vs 24.8p adjusted
+      Pretax profit 178.1 mln vs 110.1 mln
+      Tax and minorities 60.5 mln vs 32.7 mln
+      Profit attributable 117.6 mln vs 77.4 mln
+      Pretax profit includes -
+      Long term business 145.5 mln vs 137.7 mln
+      General insurance business -
+      Underwriting loss 99.9 mln vs 131.6 mln
+      Investment income 94.8 mln vs 78.2 mln
+      Trading loss 5.1 mln vs 53.4 mln
+      Investment management, U.K. 6.4 mln vs 1.6 mln
+      Shareholders' other income 31.3 mln vs 24.2 mln
+      Pretax profit by division includes -
+      U.K. Individual division 97.1 mln vs 89.5 mln
+      U.K. Group pensions 10.5 mln vs 10.6 mln
+      International 13.4 mln vs 12.4 mln
+      Mercantile and General 24.5 mln vs 25.2 mln
+      Prudential Portfolio managers 6.4 mln vs 1.6 mln
+      Prudential Property Services 2.1 mln loss vs nil
+  
+
diff --git a/reuters/training/867 b/reuters/training/867
new file mode 100644
index 0000000000000000000000000000000000000000..1a63e308a45d1231aa0eb3e119a6e207925fd3d3
--- /dev/null
+++ b/reuters/training/867
@@ -0,0 +1,27 @@
+JAPAN UNEMPLOYMNENT RISES TO RECORD IN JANUARY
+  Japan's seasonally adjusted unemployment
+  rate rose to a record 3.0 pct in January, the worst since the
+  Government started compiling unemployment statistics under its
+  current system in 1953, up from the previous record 2.9 pct in
+  December, the government's Management and Coordination Agency
+  said.
+      Unemployment was up from 2.8 pct a year earlier.
+      Unadjusted January unemployment totalled 1.82 mln people,
+  up from 1.61 mln in December and 1.65 mln a year earlier.
+      Male unemployment in January remained at 2.9 pct, equal to
+  the second-worst level set last December. Record male
+  unemployement of 3.1 pct was set in July 1986.
+      Female unemployment in January remained at 3.0 pct, equal
+  to the record level marked in April, August, September and
+  December last year.
+      January's record 3.0 pct unemployment rate mainly stemmed
+  from loss of jobs in manufacturing industries, particularly in
+  export-related firms, due to the yen's continuing appreciation
+  against the dollar, officials said.
+      Employment in manufacturing industries fell 380,000 from a
+  year earlier to 14.30 mln including 1.83 mln employed in the
+  textile industry, down 190,000 from a year earlier, and 1.06
+  mln in transport industries such as carmakers and shipbuilders,
+  down 170,000.
+  
+
diff --git a/reuters/training/8670 b/reuters/training/8670
new file mode 100644
index 0000000000000000000000000000000000000000..646fd953cb180af15ecc9ae48f42cea9c9e4948c
--- /dev/null
+++ b/reuters/training/8670
@@ -0,0 +1,17 @@
+MAJOR NATIONS MUST ACT ON CURRENCIES - MIYAZAWA
+  Finance Minister Kiichi Miyazawa said the
+  time has come for major industrialised nations to take action
+  on exchange rates in line with their agreement last month in
+  Paris.
+      In Paris, Britain, Canada, France, Japan, the U.S. And West
+  Germany agreed to coooperate to hold currency rates around
+  their then current levels.
+      Miyazawa would not say what specific measures major nations
+  would take, but told reporters the measures had been discussed
+  in Paris. The dollar fell to a record low against the yen this
+  morning, piercing the 150 yen barrier.
+      Asked if major nations were now negotiating on what
+  measures to take, Miyazawa said they were not as measures had
+  already been agreed in Paris.
+  
+
diff --git a/reuters/training/8671 b/reuters/training/8671
new file mode 100644
index 0000000000000000000000000000000000000000..8d250d4b481bac03f854ea7324c874109f50e182
--- /dev/null
+++ b/reuters/training/8671
@@ -0,0 +1,30 @@
+JAPAN ECONOMY MAY START BOTTOMING OUT SOON -AGENCY
+  Japan's economy remains sluggish but is
+  beginning to show signs it may bottom out soon, the Economic
+  Planning Agency said in a monthly report submitted to Cabinet
+  ministers.
+      But a bottoming out of the economy depends largely on the
+  yen's exchange rate trend in the immediate future, Agency
+  officials said.
+      The officials told reporters industrial production, down
+  0.5 pct in January from December, is likely to turn positive in
+  February and to rise thereafter, raising hopes for a brighter
+  economic outlook.
+      The Agency predicted industrial production will grow 2.5
+  pct in the current January/March quarter after falling 0.7 pct
+  in the previous quarter.
+      A rise of this size would be the largest since the fourth
+  quarter of 1984 when industrial output rose 2.7 pct, the
+  officials said.
+      They also said an expected upturn in exports would be a
+  mixed blessing as it would contribute to economic growth but
+  would increase the chance of trade friction.
+      Japanese exports contracted five pct in February from
+  January but are likely to grow from March if the yen stabilizes
+  around current levels, the officials said.
+      They predicted exports will increase by 2.3 pct in the
+  January/March quarter from the October/December quarter.
+      "But the problem is imports are not expanding," said one
+  official. Imports fell by 9.4 pct in February from January.
+  
+
diff --git a/reuters/training/8672 b/reuters/training/8672
new file mode 100644
index 0000000000000000000000000000000000000000..5e13d4795b4ad0fd4cc86de0612642c1e58aad1e
--- /dev/null
+++ b/reuters/training/8672
@@ -0,0 +1,14 @@
+KUWAIT SAYS OPEC 2.4 MLN BPD BELOW CEILING
+  Kuwaiti oil minister Sheikh Ali
+  al-Khalifa al-Sabah said OPEC was producing well below its oil
+  output ceiling and this would help prices move higher,
+  according to a Kuwaiti newspaper interview.
+      The al-Rai al-Aam newspaper quoted him as saying OPEC was
+  pumping 2.4 mln barrels per day (bpd) less than its 15.8 mln
+  bpd ceiling, while consumers were drawing down their petroleum
+  stocks at a rate of 4.5 mln bpd.
+      As long as OPEC maintains its output curbs, demand for its
+  oil will rise in April and May, Sheikh Ali said, adding that
+  Kuwait was strongly committed to its OPEC quota.
+  
+
diff --git a/reuters/training/8673 b/reuters/training/8673
new file mode 100644
index 0000000000000000000000000000000000000000..d5b9f646e40ddecfa19c67e107b0dbcba0cffc0e
--- /dev/null
+++ b/reuters/training/8673
@@ -0,0 +1,5 @@
+ Bundesbank allocates 6.5 billion marks in 28-day repurchase pact at 3.80 pct
+
+   Bundesbank allocates 6.5 billion marks in 28-day repurchase pact at 3.80 pct
+  
+
diff --git a/reuters/training/8674 b/reuters/training/8674
new file mode 100644
index 0000000000000000000000000000000000000000..f92037666ea05ef3da717cb969678d2806270c82
--- /dev/null
+++ b/reuters/training/8674
@@ -0,0 +1,14 @@
+MIYAZAWA SAYS U.S. LIKELY TO INTERVENE
+  Finance Minister Kiichi Miyazawa told
+  Parliament's Lower House Finance Committee that the U.S. Is
+  expected to intervene in the foreign exchange market to
+  stabilise exchange rates, political sources said.
+      Asked if the U.S. Federal Reserve Board agreed in Paris
+  last month to intervene to stabilise exchange rates, Miyazawa
+  said yes, the sources said.
+      Miyazawa was also quoted as saying that he is sceptical
+  about the effectiveness of currency reference ranges even if
+  major nations agree on such an idea as it is extremely
+  difficult to set such ranges.
+  
+
diff --git a/reuters/training/8675 b/reuters/training/8675
new file mode 100644
index 0000000000000000000000000000000000000000..76aa87a09db79eca8c1dca2b41d11cb44ca3220a
--- /dev/null
+++ b/reuters/training/8675
@@ -0,0 +1,36 @@
+U.S. OFFERS TO ESCORT KUWAITI TANKERS IN GULF
+  The U.S. Has offered warships to
+  escort Kuwaiti tankers in the Gulf past Iranian anti-ship
+  missile batteries, Defence Department officials said.
+      The officials told Reuters yesterday the offer was made
+  last week by Navy Admiral William Crowe, chairman of the
+  Pentagon Joint Chiefs of Staff, during a Middle East visit.
+      Reagan administration officials said later that Washington
+  did not seek military confrontation with Tehran, but would not
+  let Iran use Chinese-made "Silkworm" anti-ship missiles, capable
+  of covering the narrow entrance to the Gulf, to choke oil
+  shipments to the West.
+      Defence officials said Kuwait had asked if protection for
+  up to a dozen vessels, most of them tankers, could be provided
+  by three U.S. Navy destroyers and two frigates now in the
+  southern Gulf and the Gulf of Oman.
+      In addition to a half dozen ships in the U.S. Navy's small
+  Mideast Task Force near the Straits of Hormuz, the Pentagon has
+  moved 18 warships, including the aircraft carrier Kitty Hawk,
+  into the northern Arabian Sea in the past month.
+      White House and defence officials said that massing the
+  fleet was routine and had nothing to do with the Iran-Iraq war
+  or Iran's stationing of missiles near the mouth of the Gulf.
+      The State Department said on Friday that Iran has been told
+  about U.S. Concern over the threat to oil shipments in the
+  Gulf. The communication was sent through Switzerland, which
+  represents U.S. Interests in Iran.
+      Iran denied as baseless reports that it intended to
+  threaten shipping in the Gulf and said any U.S. Interference in
+  the region would meet a strong response, Tehran Radio said on
+  Sunday.
+      Several hundred vessels have been confirmed hit in the Gulf
+  by Iran and Iraq since early 1984 in the so-called tanker war,
+  an offshoot of their 6-1/2-year-old ground conflict.
+  
+
diff --git a/reuters/training/8676 b/reuters/training/8676
new file mode 100644
index 0000000000000000000000000000000000000000..9481d3d72354589ffc5116841fbd4967e08a5943
--- /dev/null
+++ b/reuters/training/8676
@@ -0,0 +1,29 @@
+YEUTTER SAYS U.S.-JAPAN TRADE DIFFICULTIES REMAIN
+  U.S. Trade Representative
+  Clayton Yeutter said he was unsure whether some of the trade
+  issues straining U.S.-Japanese relations would be resolved
+  before the two countries open trade talks in late April.
+      "We are having high level discussions on them (the issues)
+  within the United States...The relationship on some of those is
+  very strained between us (Japan) at the moment and we need to
+  relieve those strains at the earliest possible date," he said.
+      "I am not sure we can wait until late April," he added.
+      Yeutter is in New Zealand for a two-day informal meeting of
+  trade ministers who are reviewing the Uruguay round of the
+  General Agreement on Trade and Tariffs (GATT).
+      He said he will meet the Japanese delegation over the next
+  few days but declined to discuss methods of relieving the
+  strain between the two countries.
+      Yeutter said earlier the three most contentious trade
+  issues were semiconductors, Japanese government unwillingness
+  to allow public entities to buy U.S. Super-computers and the
+  barring of U.S. Firms from the eight billion U.S. Dlr Kansai
+  airport project near Osaka.
+      The Japanese delegation to the GATT talks said in a
+  statement yesterday they are making major efforts to dismantle
+  trade barriers in their country.
+      "I am convinced that they are attempting to move their
+  policies in the right direction. The question is how far and
+  how fast," Yeutter said.
+  
+
diff --git a/reuters/training/8677 b/reuters/training/8677
new file mode 100644
index 0000000000000000000000000000000000000000..e4344eec53bc3277d7354aebe09e41ec88f6a925
--- /dev/null
+++ b/reuters/training/8677
@@ -0,0 +1,30 @@
+BUNDESBANK ALLOCATES 6.5 BILLION MARKS IN TENDER
+  The Bundesbank accepted bids for 6.5
+  billion marks at today's tender for a 28-day securities
+  repurchase pact at a rate of 3.80 pct, a central bank spokesman
+  said.
+      Banks, which bid for a total 8.6 billion marks liquidity,
+  will be credited with the funds allocated tomorrow and must buy
+  back securities pledged on April 22.
+      The allocation was in line with market expectations the
+  Bundesbank would provide more than the 3.4 billion marks
+  draining from this week as an earlier facility expires.
+      Call money fell to 3.60/70 pct ahead of the allocation from
+  3.75/85 pct yesterday, dealers said.
+      The excess allocation compensates for public funds leaving
+  the system which the Bundesbank added last week via
+  government-owned banks.
+      However major tax payments by banks on behalf of customers
+  drew to a close this week, lessening the need for liquidity.
+      The call money declines surprised some dealers, who
+  speculated it was because the Bundesbank disbursed further
+  government funds today. However, most said this had not
+  occurred.
+      Banks were well stocked with liquidity, having 47.1 billion
+  marks in minimum reserves at the Bundesbank on Friday, up from
+  49.9 billion on Thursday. Average daily reserves over the first
+  20 days of the month fell to 52.6 billion from 53.1 billion.
+  For all of March, banks would be required to hold net daily
+  average reserves of 50.7 billion marks, dealers said.
+  
+
diff --git a/reuters/training/8678 b/reuters/training/8678
new file mode 100644
index 0000000000000000000000000000000000000000..e2c0c79ecfbe6bd3b117c107d314b6f7dae3737c
--- /dev/null
+++ b/reuters/training/8678
@@ -0,0 +1,10 @@
+U.K. MONEY MARKET GIVEN 115 MLN STG ASSISTANCE
+  The Bank of England said it had provided
+  the money market with 115 mln stg assistance in the morning
+  session. This compares with the Bank's forecast of a 300 mln
+  stg shortage in the system today.
+      The central bank bought bills outright in band two at
+  9-13/16 pct comprising 73 mln stg bank bills and 42 mln stg
+  local authority bills.
+  
+
diff --git a/reuters/training/868 b/reuters/training/868
new file mode 100644
index 0000000000000000000000000000000000000000..ed7d595a8029bf72fc51e85d595a1a897e3705da
--- /dev/null
+++ b/reuters/training/868
@@ -0,0 +1,14 @@
+FORD <F> EUROPE EARNINGS UP 71 PCT LAST YEAR
+  Ford Europe's net earnings soared by 71
+  per cent last year to 559 mln dlrs, Kenneth Whipple, chairman
+  of Ford Europe, said.
+      Whipple, here to attend the Geneva Auto Show which opens on
+  Thursday, said that the Ford Motor Co unit had sold a record
+  1.5 million vehicles in Europe in 1986.
+      Net earnings were 326 mln dlrs in 1985.
+      Sales in 1986 represented 11.8 per cent of the European
+  market share, Whipple said. Ford will invest 1.2 billion
+  dollars in Europe in 1987, and a total of seven billion over
+  the next seven years, he added.
+  
+
diff --git a/reuters/training/8681 b/reuters/training/8681
new file mode 100644
index 0000000000000000000000000000000000000000..5f213478b803bdb6050b7fc3390da4960fd476ba
--- /dev/null
+++ b/reuters/training/8681
@@ -0,0 +1,22 @@
+FRENCH EMPLOYERS CHIEF SEES HOPE FOR GROWTH
+  The 1992 deadline for abolishing economic
+  barriers within the European Community should help French
+  economic growth and create jobs, president of the French
+  employers' federation CNPF Francois Perigot said.
+      "Having a market at our disposal which is as homogeneous and
+  accessible as that of Europe is an incredible piece of luck," he
+  told Le Figaro in an interview.
+      He said that the majority of French business leaders were
+  enthusiastic about the abolition of barriers and saw it as an
+  opportunity rather than a danger for their companies.
+      "It can permit us to return to a growth rate which is much
+  better than we could achieve in isolation. We know that we have
+  to reestablish growth at three pct a year to solve the enormous
+  problems confronting us -- and I am referring mainly to
+  unemployment," Perigot added.
+      Finance Minister Edouard Balladur said yesterday that
+  French growth would be just two pct this year, the same as last
+  year and compared with the government's original 2.8 pct
+  target.
+  
+
diff --git a/reuters/training/8683 b/reuters/training/8683
new file mode 100644
index 0000000000000000000000000000000000000000..3ffbfdab36ebb343c96076d67d5b79a3a584251b
--- /dev/null
+++ b/reuters/training/8683
@@ -0,0 +1,23 @@
+SOVIET SUGAR IMPORTS HIGHER IN OCT/NOV
+  Soviet sugar imports in October and
+  November were significantly higher than in the same period of
+  the year before, according to figures received by the
+  International Sugar Organization.
+      Imports in October totalled 23,803 tonnes, compared with
+  4,685 tonnes in the same month of 1985, while November imports
+  were up to 136,029 tonnes from 46,541.
+      For the first 11 months of 1986, Soviet imports totalled
+  5.12 mln tonnes, against 4.30 mln in the same period of 1985.
+      The October 1986 import figure consisted entirely of whites
+  from Cuba, while the November total was made up of 84,037
+  tonnes Cuban whites and 51,992 tonnes whites from Thailand. Of
+  the imports in the January/November period, those from Cuba
+  were up to 3.81 mln tonnes from 3.65 mln and from Thailand to
+  292,808 tonnes from 22,800.
+      Soviet exports also increased in 1986. The January/November
+  export total of 289,232 compares with 165,859 tonnes in the
+  first 11 months of 1985. Exports in October 1986 were 20,064,
+  down from 38,853 a year earlier, while November exports were up
+  from 32,796 to 50,855 tonnes.
+  
+
diff --git a/reuters/training/8684 b/reuters/training/8684
new file mode 100644
index 0000000000000000000000000000000000000000..617ff480d995258a1ec9eee0bfa66e29ddb949ff
--- /dev/null
+++ b/reuters/training/8684
@@ -0,0 +1,14 @@
+WEST GERMAN 1986 SUGAR OUTPUT RISES
+  West German sugar production last year
+  rose 38,000 tonnes to an estimated 3.17 mln tonnes, the
+  Agricultural Ministry said.
+      It said the increase was exclusively due to higher beet
+  sugar content, which went up to 17.93 pct from 17.3 pct in
+  1985.
+      Last year's beet deliveries totalled 20.22 mln tonnes, down
+  554,000 tonnes from the previous year.
+      The ministry estimates West Germany's sugar
+  self-sufficiency during the current agricultural year
+  (July/June) unchanged at 137 pct.
+  
+
diff --git a/reuters/training/8685 b/reuters/training/8685
new file mode 100644
index 0000000000000000000000000000000000000000..da5848dc742bf81aabb93bb2647793686e2fd084
--- /dev/null
+++ b/reuters/training/8685
@@ -0,0 +1,14 @@
+NORCROS REJECTS 542.2 MLN STG BID FROM WILLIAMS
+  Norcros Plc <NCRO.L> the building
+  products and packaging group said its board had no hesitation
+  in unanimously rejecting this morning's 542.2 mln stg bid from
+  <Williams Holdings Plc>, the industrial holding firm.
+      The company said Williams' 432.7p per share offer was
+  unsolicited and unwelcome and significantly undervalues
+  Norcros. By 1228 gmt Norcros shares were quoted at 418p, up
+  from 397p at yesterday's close. Williams was 15p higher at 765.
+      The Norcros board's detailed views will be sent to
+  shareholders when the formal offer document has been issued by
+  Williams.
+  
+
diff --git a/reuters/training/8686 b/reuters/training/8686
new file mode 100644
index 0000000000000000000000000000000000000000..2e4773d3befb18c4959a93329ccf33f7e6c6f5a0
--- /dev/null
+++ b/reuters/training/8686
@@ -0,0 +1,17 @@
+NO PROOF OF MORE CHERNOBYL GRAIN DAMAGE-DIPLOMATS
+  Western agricultural attaches in Moscow
+  said they had no evidence to substantiate rumours that last
+  April's Chernobyl nuclear disaster had a worse effect on Soviet
+  grain than first reported.
+      Current Soviet interest in chartering ships to carry grain
+  from the U.S. Helped prompt the rumours on world markets. But
+  the diplomats said they had seen no reports in the state press
+  and heard no comments from officials to substantiate them.
+      The official media was initially slow in reporting the
+  accident but, under Kremlin leader Mikhail Gorbachev's campaign
+  for openness, gradually gave more and more details.
+      Land around the nuclear plant was contaminated to varying
+  degrees. Some is now being used to grow industrial crops
+  instead of grain.
+  
+
diff --git a/reuters/training/8688 b/reuters/training/8688
new file mode 100644
index 0000000000000000000000000000000000000000..142349785c6786f40ec59ccc8a2c85b2c4d69998
--- /dev/null
+++ b/reuters/training/8688
@@ -0,0 +1,25 @@
+IRAN SAID TO TEST FIRE SILKWORM MISSILE IN HORMUZ
+  Iran has test-fired its newly acquired
+  Silkworm anti-shipping missile in the Strait of Hormuz and has
+  set up at least two land-based launching sites in the area, a
+  British naval source in the Gulf said.
+      The source, who declined to be identified, said Iran had
+  fired the Chinese-made missile at a hulk off its southern Gulf
+  naval port of Bandar Abbas and scored a hit.
+      "These missiles pack a fairly big punch," he told Reuters.
+  "There is no doubt they could be used to target (shipping)
+  across the Strait of Hormuz."
+      Tension in the Gulf has risen since U.S. Officials last
+  week broke the news that Iran had acquired the Silkworm
+  missiles.
+      The U.S. Has said it will not allow Iran to use the
+  missiles to choke off oil shipments and has offered its
+  warships to escort Kuwaiti tankers past the missile batteries.
+      But Tehran denied last Sunday it intended to threaten Gulf
+  shipping and warned the U.S. Any interference in the region
+  would meet a strong response.
+      The British naval source said the Silkworms were in place
+  at at least two sites around the Strait of Hormuz, but would
+  not give the exact location.
+  
+
diff --git a/reuters/training/8689 b/reuters/training/8689
new file mode 100644
index 0000000000000000000000000000000000000000..94e11bd4672817801e21604f3ab9c7597f197506
--- /dev/null
+++ b/reuters/training/8689
@@ -0,0 +1,18 @@
+MERRILL LYNCH <MER> IN TALKS ON CANADA PURCHASES
+  Merrill Lynch and Co Inc is holding
+  talks on acquiring Canadian brokerage firms, a company
+  spokesman told Reuters.
+      He said one of the firms with which Merrill Lynch is
+  negotiating is <Burns Fry Corp> of Toronto, which has already
+  received an offer from Security Pacific Corp's <SPC> 83 pct
+  owned <Hoare Govett Ltd> London-based brokerage unit.  The
+  Hoare Govett bid is valued at about 210.4 mln U.S. dlrs.
+      The spokesman said the talks are the result of a change in
+  Ontario securities laws that takes effect June 30.
+      Currently, companies outside the Canadian securities
+  industry are prohibited from owning more than 10 pct of a
+  Canadian broker.  On June 30, 1987, foreign brokers will be
+  allowed to own up to 50 pct of Canadian brokers, and the
+  percentage will rise to 100 pct a year later.
+  
+
diff --git a/reuters/training/8690 b/reuters/training/8690
new file mode 100644
index 0000000000000000000000000000000000000000..05598b742ec94e33616bf80ee14029e0b3866121
--- /dev/null
+++ b/reuters/training/8690
@@ -0,0 +1,12 @@
+MARK IV <IV> STARTS BID FOR CONRAC <CAX>
+  Mark IV Industries Inc said it has
+  started the 25 dlr per share tender offer for all shares of
+  Conrac Corp that it announced yesterday afternoon.
+      In a newspaper advertisement, the company said the offer
+  and withdrawal rights expire April 20 unless extended.  The
+  offer is not conditioned on receipt of any minimum number of
+  shares but is conditioned on the arrangement of financing.
+      Mark IV already owns about 9.9 pct of Conrac's 6.8 mln
+  shares outstanding.
+  
+
diff --git a/reuters/training/8691 b/reuters/training/8691
new file mode 100644
index 0000000000000000000000000000000000000000..8e00d7f06e4c37c8b236070c18dfe9933c719cc6
--- /dev/null
+++ b/reuters/training/8691
@@ -0,0 +1,30 @@
+ECOLAB <ECL> STARTS BID FOR CHEMLAWN <CHEM>
+  Ecolab Inc said it has started its
+  previously-announced tender offer for all shares of ChemLawn
+  Corp at 36.50 dlrs each.
+      In a newspaper advertisement, the company said the offer
+  and withdrawal rights expire April 20 unless extended.  The
+  ChemLawn board has approved the tender and a merger at the same
+  price that is to follow.
+      Ecolab said the offer is conditioned on receipt of at least
+  5,325,000 shares.  ChemLawn now has about 10.0 mln shares
+  outstanding.
+      Ecolab said ChemLawn has granted it a conditional option to
+  buy all authorized but unissued and unreseved ChemLawn shares
+  at 36.50 dlrs each.  The option is exercisable in the event
+  that another party were to acquire 20 pct or more of ChemLawn
+  by means other than a tender offer for all shares at a higher
+  price than Ecolab is offering.
+      The company said if the merger agreement is terminated
+  under certain circumstasnces, it will be entitled to receive 20
+  mln dlrs in damages from ChemLawn.
+      Ecolab said officers and directors of ChemLawn have granted
+  it options to acquire an aggregate of 2,535,435 ChemLawn shares
+  or about 24.8 pct for the tender price, again unless a higher
+  tender were to be made by another party.
+      Waste Management Inc <WMX> had originally made a hostile
+  tender offer of 27 dlrs per share for ChemLawn which ChemLawn
+  rejected as inadequate.  On Friday, Waste Management said it
+  would raise its bid to 35 dlrs per share.
+  
+
diff --git a/reuters/training/8692 b/reuters/training/8692
new file mode 100644
index 0000000000000000000000000000000000000000..335df246a4d97f0901040a9e48b7cdc80017aae6
--- /dev/null
+++ b/reuters/training/8692
@@ -0,0 +1,14 @@
+TAIWAN PROPOSES FURTHER TARIFF CUTS
+  Taiwan said it plans another round of
+  tariff cuts, possibly within a month, to try to narrow its
+  trade surplus with the U.S.
+      Vice Finance Minister Ronald Ho said a high-level economic
+  committee recommended tariff cuts on 66 products requested by
+  Washington, including apples, chocolates and fruit juice.
+      Ho said the cuts may come into effect by the end of next
+  month.
+      Taiwan's trade surplus with the U.S. Widened in the first
+  two months of this year to 2.35 billion dlrs from 1.87 billion
+  dlrs in the same period last year.
+  
+
diff --git a/reuters/training/8694 b/reuters/training/8694
new file mode 100644
index 0000000000000000000000000000000000000000..f9cd2977819eff8ec86c297a1f9ffce2934641f6
--- /dev/null
+++ b/reuters/training/8694
@@ -0,0 +1,10 @@
+PAKISTAN CONSUMER PRICE INDEX FALLS IN JANUARY
+  Pakistan's consumer price index (base
+  1975/76) fell to 231.93 in January 1987 from 233.26 in December
+  1986, and compared with  223.66 a year ago, the federal Bureau
+  of Statistics said.
+      The wholesale price index (same base) rose to 229.83 in
+  January from 229.06 in December and compared with  217.97 in
+  January 1986.
+  
+
diff --git a/reuters/training/8696 b/reuters/training/8696
new file mode 100644
index 0000000000000000000000000000000000000000..53c392d82a1dca258cae1bf2c8e22a97f0a09d86
--- /dev/null
+++ b/reuters/training/8696
@@ -0,0 +1,13 @@
+IRAN SAID TO TEST FIRE SILKWORM MISSILE IN HORMUZ
+  Iran has test-fired its newly acquired
+  Silkworm anti-shipping missile in the Strait of Hormuz and has
+  set up at least two land-based launching sites in the area, a
+  British naval source in the Gulf said.
+      The source, who declined to be identified, said Iran had
+  fired the Chinese-made missile at a hulk off its southern Gulf
+  naval port of Bandar Abbas and scored a hit.
+      "These missiles pack a fairly big punch," he told Reuters.
+  "There is no doubt they could be used to target (shipping)
+  across the Strait of Hormuz."
+  
+
diff --git a/reuters/training/8699 b/reuters/training/8699
new file mode 100644
index 0000000000000000000000000000000000000000..335df246a4d97f0901040a9e48b7cdc80017aae6
--- /dev/null
+++ b/reuters/training/8699
@@ -0,0 +1,14 @@
+TAIWAN PROPOSES FURTHER TARIFF CUTS
+  Taiwan said it plans another round of
+  tariff cuts, possibly within a month, to try to narrow its
+  trade surplus with the U.S.
+      Vice Finance Minister Ronald Ho said a high-level economic
+  committee recommended tariff cuts on 66 products requested by
+  Washington, including apples, chocolates and fruit juice.
+      Ho said the cuts may come into effect by the end of next
+  month.
+      Taiwan's trade surplus with the U.S. Widened in the first
+  two months of this year to 2.35 billion dlrs from 1.87 billion
+  dlrs in the same period last year.
+  
+
diff --git a/reuters/training/87 b/reuters/training/87
new file mode 100644
index 0000000000000000000000000000000000000000..e3654d4ecaf9ea1678f7bc7ce23db1ffa7e0c225
--- /dev/null
+++ b/reuters/training/87
@@ -0,0 +1,8 @@
+BDM INTERNATIONAL <BDM> INCREASES QTRLY DIVS
+  Annual div Class A 14 cts vs 12 cts prior
+      Annual div Class B 12.1 cts vs 10.4 cts prior
+      Payable April one
+      Record March 20
+      NOTE: full name is BDM International Inc.
+  
+
diff --git a/reuters/training/870 b/reuters/training/870
new file mode 100644
index 0000000000000000000000000000000000000000..deb0ddfd4cbcec72e476fa4e1d6dbd778d6c3ee6
--- /dev/null
+++ b/reuters/training/870
@@ -0,0 +1,12 @@
+SOUTH KOREA'S LEADING INDICATORS FALL IN DECEMBER
+  South Korea's index of leading indicators
+  fell 0.1 pct to 164.1 (base 1980) in December after a 0.1 pct
+  rise in November, representing a 16.1 pct year-on-year gain
+  from December 1985, Economic Planning Board provisional figures
+  show.
+      The index is based on 10 indicators which include export
+  values, letters of credit received, warehouse stocks, M-1 and
+  M-3 money supply figures and the composite stock exchange
+  index.
+  
+
diff --git a/reuters/training/8701 b/reuters/training/8701
new file mode 100644
index 0000000000000000000000000000000000000000..2af43bb4115091cae0e13bc559724dfc00438a51
--- /dev/null
+++ b/reuters/training/8701
@@ -0,0 +1,5 @@
+U.S. FEB DURABLE GOODS ORDERS ROSE 6.0 PCT, NONDEFENSE DURABLES ROSE 3.8 PCT
+
+  U.S. FEB DURABLE GOODS ORDERS ROSE 6.0 PCT, NONDEFENSE DURABLES ROSE 3.8 PCT
+  
+
diff --git a/reuters/training/8702 b/reuters/training/8702
new file mode 100644
index 0000000000000000000000000000000000000000..fcab7350283a2d68794f311d9687b3202872ccf1
--- /dev/null
+++ b/reuters/training/8702
@@ -0,0 +1,30 @@
+STANDARD CHARTERED PLC <STCH.L> 1986 YEAR
+  Shr 97.0p vs 85.3p
+      Div 22.5p vs 20.0p making 35.0p vs 30.5p
+      Pretax profit 253.9 mln stg vs 267.9 mln
+      Tax 96.3 mln vs 125.6 mln
+      Operating income 1.15 billion vs 998.8 mln
+      Operating expenses 759.3 mln vs 692.7 mln
+      Trading profit before charge for bad and doubtful debts
+      394.4 mln stg vs 306.1 mln
+      Charge for bad and doubtful debts 184.2 mln vs 100.7 mln
+      Share of profits of associates 43.7 mln vs 62.5 mln
+      Minority interests 6.6 mln debit vs 9.6 mln debit
+      Extraordinary items 8.7 mln debit vs 15.7 mln credit
+      Operating income includes -
+      Interest income 2.49 billion vs 2.33 billion
+      Interest expenses 1.77 billion vs 1.64 billion
+      Other operating income 428.8 mln vs 313.2 mln
+      Operating expenses include -
+      Staff 405.9 mln vs 376.0 mln
+      Premises and equipment 197.0 mln vs 155.2 mln
+      Others 156.4 mln vs 161.5 mln
+      Pretax profit includes -  North America 65.8 mln vs 49.6
+  mln
+      Asia Pacific 0.9 mln vs 31.8 mln
+      Middle East and south Asia 17.7 mln vs 2.3 mln
+      Tropical Africa 47.5 mln vs 44.7 mln
+      U.K. 107.6 mln vs 135.7 mln
+      South Africa 36.8 mln vs 35.6 mln
+  
+
diff --git a/reuters/training/8704 b/reuters/training/8704
new file mode 100644
index 0000000000000000000000000000000000000000..d792699e0cac57e7c151449c505612da64f1ffd2
--- /dev/null
+++ b/reuters/training/8704
@@ -0,0 +1,25 @@
+KDI <KDI> TO BUY TRIANGLE MICROWAVE <TRMW>
+  KDI Corp said it has agreed
+  in principle to acquire Triangle Microwave Inc for 6.50 dlrs
+  plus a contingent payment for each Triangle share.
+      It said holders of the contingent payment units will be
+  entitled to receive annual payments to the extent that the
+  predepreciation gross profits of Triangle Microwave in each of
+  the years 1987 through 1991 exceed threshholds ranging from
+  eight mln dlrs in 1987 to 14 mln dlrs in 1991.
+      The company said holders of Triangle Microwave options and
+  warrants will be entitled to receive the difference between
+  6.50 dlrs and their exercise price, plus contingent payments.
+      KDI said completion of the transaction is subject to
+  governmental approvals and the approval of Triangle Microwave
+  shareholders, and the transaction is valued at over 35 mln
+  dlrs.
+      It said shareholders of Triangle Microwave controlling
+  about 30 pct of the company's stock have agreed to vote in
+  favor of the deal and to give KDI an option to buy their shares
+  under certain components.
+      Triangle Microwave makes microwave components.  KDI, a
+  diversified company, produces electronic components, technical
+  products and swimming pool equipment.                
+  
+
diff --git a/reuters/training/8705 b/reuters/training/8705
new file mode 100644
index 0000000000000000000000000000000000000000..9062a2164df8d914f1a231618a2d86a82dd3abd6
--- /dev/null
+++ b/reuters/training/8705
@@ -0,0 +1,40 @@
+STORM BRINGS HEAVY SNOWS TO U.S. PLAINS
+  The National Weather Service said a
+  powerful winter storm centered over north central Oklahoma was
+  spreading snow from western and central Kansas across much of
+  Nebraska to southern and eastern South Dakota.
+      Rain was reported across parts of Minnesota, Iowa, eastern
+  Kansas, Missouri and eastern Oklahoma, with showers and a few
+  thundershowers extending from Arkansas through the lower
+  Mississippi Valley to Alabama and northwest Florida.
+      Strong winds of 20 to 35 mph with some stronger gusts were
+  reported across much of the Plains, causing considerable
+  blowingand drifting snow. A blizzard warning continued this
+  morning across most of western Kansas. A winter storm warning
+  was issued this morning over central and northeast Nebraska.
+      Weather advisories were posted for this morning over
+  central Kansas and central and southeast sections of South
+  Dakota where two to five inches of snow could accumulate.
+      Locally heavy rains accompanied the storm over portions of
+  the central Plains. Flash flood watches were issued for this
+  morning across the eastern half of Kansas.
+      A flood warning continues today for eastern Nebraska.
+  Widespread lowland and small stream flooding is expected to
+  continue over most of eastern Nebraska through Wednesday.
+      Due to cold, damp and windy conditions, livestock
+  advisories were posted this morning across central and
+  southeast portions of South Dakota.
+      As the storm moves north across the central Plains, winter
+  storm watches were issued over south central South Dakota, late
+  tonight and Wednesday over west central Minnesota.
+      Elsewhere, a travelers advisory remains in effect this
+  morning over northeast New Mexico and the Oklahoma and Tecas
+  Panhandle for blowing snow and slick roadways and across the
+  mountains and deserts of southern California for strong gusty
+  winds of 25 to 40 mph. Gale warnings were issued for today
+  along the central California Coast.
+      Mostly clear skies extended from the Great Lakes and Ohio
+  Valley through the central Appalachians to the central Atlantic
+  Coast and New England.
+  
+
diff --git a/reuters/training/8706 b/reuters/training/8706
new file mode 100644
index 0000000000000000000000000000000000000000..957806e2f6f3147627b2589e68c3a61ab76b0973
--- /dev/null
+++ b/reuters/training/8706
@@ -0,0 +1,30 @@
+U.S. FEB DURABLE GOODS ROSE 6.0 PCT
+  New orders for durable goods
+  received by U.S. manufacturers rose 5.7 billion dlrs, or 6.0
+  pct, in February to 101.2 billion dlrs, the Commerce Department
+  said.
+      Excluding defense, orders rose 3.8 pct, compared with a
+  revised January decline of 7.7 pct.
+      In January, durable goods fell a revised 9.9 pct instead of
+  the previously reported 7.5 pct. Durables excluding defense
+  were reported originally as having fallen 9.9 pct in January.
+      The Commerce Department on Monday revised orders statistics
+  for 1982 to 1986 to reflect more current inventory valuation
+  methods, and the February orders statistics are consistent with
+  the revisions, officials said.
+      The February order increase was led by transportation
+  equipment, up 11.1 pct after an 18.0 pct decline in January.
+      Orders for defense capital goods rose 48.9 pct to 6.9
+  billion dlrs, following a 38.8 pct decline in January.
+      Non-defense capital goods orders fell 1.6 pct in February
+  to 26.3 billion dlrs after falling 8.7 pct in January, the
+  department said.
+      Electrical machinery orders rose in February by 8.2 pct to
+  17.2 billion dlrs after falling 15.4 pct in January.
+      Primary metals orders were up 13.9 pct to 8.4 billion dlrs
+  after a 20 pct decline in January, the department said.
+      New orders for non-electrical machinery were up in February
+  by 3.9 pct to 16.6 billion dlrs after a three pct orders
+  decline in January.
+  
+
diff --git a/reuters/training/8707 b/reuters/training/8707
new file mode 100644
index 0000000000000000000000000000000000000000..d7feb0bdc7657310834cad0e362d51b74c80b16a
--- /dev/null
+++ b/reuters/training/8707
@@ -0,0 +1,34 @@
+WOOLWORTH U.K. SAYS GROWTH PROSPECTS EXCITING
+  Woolworth Holdings Plc <WLUK.L> which
+  earlier announced a 1986 pre-tax profits rise of 42 pct over
+  1985, said its prospects for growth were very exciting.
+      The profit figure of 115.3 mln stg exceeded a forecast by
+  some 10 pct made during the hostile bid by Dixons Group Plc
+  <DXNS.L> last year and the company said the results were a
+  major step towards the aim of making Woolworth the most
+  profitable retailing group in the U.K.
+      It aimed to produce growth from all its businesses and look
+  for opportunities to acquire specialist retail businesses.
+      Earlier this month the group said that tentative merger
+  talks with the high street pharmacist <Underwoods Plc> had been
+  called off and recently announced a 19.2 mln stg recommended
+  offer for <Charlie Browns Car Part Centres Plc>.
+      The B and Q Do it Yourself centres raised sales by 31 pct
+  and retail profit by 37 pct, with its pretax contribution of
+  45.5 mln making it the largest single component.
+      The company said that the improvement had been achieved by
+  substantial organic growth in existing stores as well as by the
+  opening of a further 29 new outlets and enhanced margins.
+      In other sectors, the Comet electrical chain raised retail
+  profits by 46 pct to 17.4 mln stg, while the Woolworth chain
+  reported a 120 pct improvement to 38.7 mln.
+      The company said its property operations would increase
+  substantially following the start of a joint venture deal with
+  developers <Rosehaugh Plc>.
+      The defence costs against the 1.9 billion stg bid from
+  Dixons resulted in a 16.0 mln stg extraordinary charge.
+      The results were 10 mln stg up on most analysts forecasts.
+  As a result, the group's shares rose strongly, peaking at 865p
+  from last night's 842p before easing to 860p at 1155 GMT.
+  
+
diff --git a/reuters/training/8708 b/reuters/training/8708
new file mode 100644
index 0000000000000000000000000000000000000000..26a5dd739aacbb1e227ccd3a61bc8bb6b2c2f6f5
--- /dev/null
+++ b/reuters/training/8708
@@ -0,0 +1,26 @@
+NATIONAL SEMICONDUCTOR CORP <NSM> 3RD QTR LOSS
+  March Eight
+      Shr loss 31 cts vs loss 47 cts
+      Net loss 25.6 mln vs loss 39.4 mln
+      Sales 398.1 mln vs 322.3 mln
+      Avg shrs 91.6 mln vs 90.0 mln
+      Nine mths
+      Shr loss 44 cts vs loss one dlr
+      Net loss 32.7 mln vs loss 84.4 mln
+      Sales 1.36 billion vs 1.08 billion
+      Avg shrs 91.2 mln vs 89.6 mln
+      NOTE: Twelve and 40-week periods.
+      Prior year results restated for change in method of
+  recognizing revenue on distributor shipments.  Quarter net loss
+  originally reported as 32.0 mln dlrs or 38 cts shr on sales of
+  328.9 mln dlrs and nine mth loss as 120.3 mln dlrs or 1.40 dlrs
+  shr on sales of 1.11 billion dlrs.
+      Prior nine mths net includes 51.2 mln dlr gain from
+  cumulative effect of accounting change.
+      Prior year net includes extraordinary credits of 1,100,000
+  dlrs in quarter and 3,300,000 dlrs in nine mths.
+      Current year net both periods includes 15.0 mln dlr pretax
+  charge from previously-announced restructuring of Datachecker
+  Systems and Semiconductor Group manufacturing operations.
+  
+
diff --git a/reuters/training/8709 b/reuters/training/8709
new file mode 100644
index 0000000000000000000000000000000000000000..d9d87466253f46d7eb2b110f40cb9391730854bd
--- /dev/null
+++ b/reuters/training/8709
@@ -0,0 +1,5 @@
+COMDATA NETWORK AGREES TO HIGHER OFFER FROM WELSH CARSON ANDERSON
+
+  COMDATA NETWORK AGREES TO HIGHER OFFER FROM WELSH CARSON ANDERSON
+  
+
diff --git a/reuters/training/8710 b/reuters/training/8710
new file mode 100644
index 0000000000000000000000000000000000000000..953d294477fd47f5947586ca724552806127128b
--- /dev/null
+++ b/reuters/training/8710
@@ -0,0 +1,23 @@
+SUMITA SAYS BANK WILL INTERVENE IF NECESSARY
+  Bank of Japan Governor Satoshi Sumita
+  said in a statement the central bank will intervene in foreign
+  exchange markets to stabilise exchange rates if necessary in
+  close cooperation with other major industrial nations.
+      Sumita said the Bank will take adequate measures including
+  market intervention, if necessary, in line with the February 22
+  Paris agreement by six major industrial nations.
+      Canada, Britain, France, Japan, the U.S. And West Germany
+  agreed to cooperate in stabilising exchange rates around
+  current levels. Sumita's statement was issued after the dollar
+  slipped below 150 yen to hit a record low of 148.40.
+      "It is inevitable that exchange rates fluctuate under the
+  system of floating rates," Sumita said.
+      The fact the dollar plunged below 150 yen does not mean
+  anything significant under the floating system, he said.
+      The six nations agreed in Paris exchange rates prevailing
+  then were broadly consistent with underlying economic
+  fundamentals and further substantial rate shifts could damage
+  growth and adjustment prospects in their countries, the Paris
+  statement said.
+  
+
diff --git a/reuters/training/8711 b/reuters/training/8711
new file mode 100644
index 0000000000000000000000000000000000000000..a0a72ea47d8ee1132e4f5f43e264c04799299304
--- /dev/null
+++ b/reuters/training/8711
@@ -0,0 +1,35 @@
+COMDATA <CDN> ACCEPTS NEW WELSH CARSON BID
+  Comdata Network Inc said it
+  has entered into a definitive agreement to merge into a company
+  formed by <Welsh, Carson, Anderson and Stowe IV> for either
+  16.50 dlrs in cash or 10.00 dlrs in cash and a unit of
+  securities per Comdata share.
+      The company said each unit of securities would consist of
+  1.25 common shares in the new company and three dlrs principal
+  amount of the new company's 11 pct subordinated debentures due
+  1997.
+      It said the 16.50 dlr cash alternative is an improvement
+  over the 15.00 dlr per share price contemplated under an
+  agreement in principle with Welsh Carson announced on March
+  Five.
+      Comdata said the cash and securities alternaitcve is
+  subject to Welsh Carson-affiliated investors owning at least 60
+  pct of the stock of the new company.
+      The company said investment bankers <Drexel Burnham Lambert
+  Inc> and Alex. Brown and Sons Inc <ABSB> found the proposal to
+  be fair from a financial point of view.
+      It said the transaction is subject to approval by its
+  shareholders and to Welsh Carson obtaining up to 230 mln dlrs
+  in debt financing. Comdata said it may terminate the agreement
+  if financing is not arranged by April Three.
+      On Thursday, First Financial Management Corp <FFMC> offered
+  to acquire Comdata for 18.00 dlrs per share in stock and cash,
+  subject to approval by the Comdata board.
+      Under the First Financial proposal, Comdata holders would
+  receive no more than four dlrs per share in cash and could
+  receive all stock.
+      Comdata had originally planned a recapitalization under
+  which it would have repurchased up to six mln common shares at
+  14.50 dlrs each.
+  
+
diff --git a/reuters/training/8713 b/reuters/training/8713
new file mode 100644
index 0000000000000000000000000000000000000000..19cf2540ba700b8cafd16c3cd8c8f834244b5737
--- /dev/null
+++ b/reuters/training/8713
@@ -0,0 +1,12 @@
+IRELAND PUT ON COLORADO BEETLE ALERT
+  The Irish Agriculture Department issued
+  a Colorado beetle alert today after three of the beetles were
+  found in a box of parsley imported from France.
+      Officials said a colony of the black and amber coloured
+  beetles can destroy a potato field in a day. The females lay up
+  to 2,500 eggs each.
+      Some of the 80 boxes in the parsley consignment had already
+  been distributed to markets and the department called on all
+  shopkeepers and the catering trade to be on the alert.
+  
+
diff --git a/reuters/training/8714 b/reuters/training/8714
new file mode 100644
index 0000000000000000000000000000000000000000..ad4e71580de4ea90e77b2ec1396b8af9ecd8ee1d
--- /dev/null
+++ b/reuters/training/8714
@@ -0,0 +1,75 @@
+DOLLAR DROP SEEN AS TEST OF PARIS AGREEMENT
+  The sharp drop in the value of the
+  dollar against the yen and the mark is the first serious test
+  of last month's Group of Five (G-5) plus Canada agreement to
+  stabilise currencies, dealers and bank economists said.
+      "The dollar will be pushed down until there is coordinated
+  central bank intervention," one dealer for a German bank said,
+  echoing widepread sentiment in the market.
+      But opinion was divided on whether the united front forged
+  in Paris still exists. Some dealers said there were growing
+  signs the United States wanted the dollar to fall further.
+      Despite repeated Bank of Japan intervention, the dollar
+  plunged to a post-war low in Tokyo today. It was quoted as low
+  as 148.40 yen in the Far East and dealers here said they
+  expected the U.S. Currency to decline further.
+      "The dollar is now firmly within a broad 140 to 150 yen
+  range," Chase Bank AG's senior dealer Eckhart Hager said.
+      Others said there were technical reasons for the sharp
+  dollar drop. "Window-dressing" operations by some Japanese
+  companies who were selling dollars and buying yen before the
+  end of the Japanese fiscal year on March 31 were undermining
+  the U.S. Currency.
+      Dealers said main reason for the sell-off was not
+  technical. U.S. Treasury Secretary James Baker's comment the
+  Paris accord did not have fixed dollar targets was seen as a
+  renewed attempt by the U.S. Administration to talk the dollar
+  down.
+      "Suddenly, support levels which had existed for fear of
+  central bank intervention disappeared," one dealer said.
+      The Bank of Japan was believed to have bought some 1.5
+  billion dlrs, and this with comments by Japanese officials
+  indicated Tokyo was unhappy about the plunge, dealers said.
+  Bank of Japan governor Satoshi Sumita threatened central bank
+  intervention if necessary.
+      Japanese Finance Minister Kiichi Miyazawa said today the
+  time had come for the six nations who agreed in Paris last
+  month to stabilise currencies - Japan, Britain, Canada, France,
+  the U.S. And West Germany - to take action in line with the
+  pact.
+      But the Bundesbank and other European central banks were
+  not detected in the open market during the European morning.
+  Opinion here was divided on when the Bundesbank would act.
+      While some said the West German central bank would support
+  the dollar once it fell below 1.80 marks, others said the
+  Bundesbank would only intervene after a fall below 1.75 marks
+  or if the decline accelerated.
+      The Bundesbank last intervened on January 27, when the
+  dollar threatened to fall below 1.81 marks.
+      "The Japanese seem to be on their own at the moment," one
+  dealer said. Others said cooperation between central banks and
+  governments was easier said than done.
+      Some said Baker's remarks and U.S. Trade Representative
+  Clayton Yeutter's warning that the U.S. And Japan were on the
+  verge of a serious trade conflict showed there was a rift.
+      "It's hard to tell whether the G-6 agreement still stands," a
+  dealer said. Another added, "If the Americans do not get what
+  they want, they will push the dollar down, regardless of G-6."
+      Citibank AG also cast doubt on the chances of success for
+  the Paris agreement in its latest investment letter.
+      "It is hard to see that Japan and Germany are willing or
+  able to loosen fiscal policy sufficiently to offset the
+  necessary U.S. Fiscal contraction," Citibank said.
+      It added, "Markets should therefore be aware that 1.80 marks
+  is not the lower limit for the dollar -- a rate of 1.70 marks
+  or even less is expected this year."
+      And London Broker Hoare Govett said in its March 1987
+  economic report, "We are looking for a further, more gradual,
+  fall, possibly to 1.60 marks by the end of the year."
+      But opinion about whether the Paris accord was still in
+  force was not universal. Some dealers said not too much should
+  be read into Baker's and Yeutter's comments.
+      "There is no reason to believe the Paris pact has broken
+  down," a senior dealer said.
+  
+
diff --git a/reuters/training/8716 b/reuters/training/8716
new file mode 100644
index 0000000000000000000000000000000000000000..7dd70c9cad613fd7833c1a527b64eb8847835c13
--- /dev/null
+++ b/reuters/training/8716
@@ -0,0 +1,27 @@
+TRANSNATIONAL INDUSTRIES <TRSL> SEES LOSS
+  Transnational Industries Inc said due
+  to continuing manufacturing difficulties at its AlloyTek Inc
+  jet engine component subsidiary, it expects to report a net
+  loss of about 300,000 dlrs or 12 cts per share for the fourth
+  quarter ended January 31.
+      It said revenues for the period were about 11.9 mln dlrs,
+  about even with those of a year earlier.
+      For the full fiscal year, the company said it earned about
+  775,000 dlrs or 34 cts per share, down from 1,402,000 dlrs or
+  76 cts per share a year before.
+      The company said an unexpectedly large volume of customer
+  inquiries at its Spitz Inc simulation products subsidiary has
+  caused higher than expected business development outlays.
+      The company said it expects significant contract awards to
+  Spitz later this year.
+      It said it has started implementing a plan to progressively
+  reduce manufacturing costs at AlloyTek over the next several
+  quarters.  The company said it may move AlloyTek's plant from
+  Grandville, Mich., to a lower labor cost area.
+      The company said it discovered the extent of the AlloyTek
+  problems during a year-end review of subcontracts and related
+  work in progress for production of jet engine components for
+  General Electric Co <GE>.
+      It said it will release annual results around April 15.
+  
+
diff --git a/reuters/training/8717 b/reuters/training/8717
new file mode 100644
index 0000000000000000000000000000000000000000..ac834130cd87ef3e90b8b2d97da2f938decc9b5c
--- /dev/null
+++ b/reuters/training/8717
@@ -0,0 +1,13 @@
+GREAT WESTERN <GWF> SELLS INSURANCE UNIT
+  Great Western Financial
+  Corp said it agreed to sell its John Alden Life Insurance Co
+  and its affiliated operations for 280 mln dlrs to a
+  newly-formed company onwed by the John Alden Management Group.
+      General Electric Credit Corp delivered a commitment letter
+  arranged by the GECC Capital Markets Group Inc for the
+  financing.
+      Great Western said the pre-tax gain on the sale will be
+  approximately 65 mln dlrs, and after tax gain will be 
+  approximately 15 mln.
+  
+
diff --git a/reuters/training/872 b/reuters/training/872
new file mode 100644
index 0000000000000000000000000000000000000000..bcecaec3e675671de0d16213bbb20ac0169d8466
--- /dev/null
+++ b/reuters/training/872
@@ -0,0 +1,14 @@
+JAPANESE ECONOMIST SEES STABLE YEN/DOLLAR RATES
+  The yen should stabilize at around
+  152 to 153 to the U.S. Dollar for about a year, the Bank of
+  Tokyo's economic adviser Koei Narusawa said.
+      "Both sides are showing clear interest to secure stability
+  of the currencies. The major target of the Japanese government
+  is to maintain the yen at above 150, at least for the rest of
+  the year," he told reporters during a brief visit to Malaysia.
+      Narusawa said the U.S. Is unlikely to push the yen up
+  further because this might spark off inflation and depress the
+  U.S. Economy before the 1988 presidential election.
+      The yen is trading at around 153.70 to the dollar.
+  
+
diff --git a/reuters/training/8722 b/reuters/training/8722
new file mode 100644
index 0000000000000000000000000000000000000000..7dbb2c49eb1f68cccdb49159d08b7976e2b49681
--- /dev/null
+++ b/reuters/training/8722
@@ -0,0 +1,7 @@
+STERIVET <STVTF> SETS THREE-FOR-ONE SHARE SPLIT
+  Sterivet Laboratories Ltd said the
+  board authorized a three-for-one split of its outstanding
+  common shares, subject shareholder approval at the annual
+  meeting.
+  
+
diff --git a/reuters/training/8723 b/reuters/training/8723
new file mode 100644
index 0000000000000000000000000000000000000000..adec11b1aded0d069f001b06184dfe9d0fcbf1ea
--- /dev/null
+++ b/reuters/training/8723
@@ -0,0 +1,25 @@
+SPAIN RAISES CALL MONEY RATES ON HIGHER DEMAND
+  The Bank of Spain raised overnight call
+  money rates by 1/4 to 14 pct on demand for 746 billion pesetas
+  in today's auction, which a bank spokesman termed "heavy."
+      Rates stood at 12.1 pct at the start of the year and have
+  been increased to drain liquidity on rising demands for funds,
+  the spokesman said.
+      He said in reply to Reuters inquiries that rates could rise
+  further if money supply growth rose above this year's eight pct
+  target for M-4, defined as liquid assets in public hands.
+      Money supply rose at an annualised rate of 16.7 pct last
+  month against 8.1 pct in January. Growth was 11.4 pct in 1986.
+      A leading Spanish broker said the central bank was applying
+  a more restrictive policy to keep the lid on inflation.
+      The consumer price index rose 8.3 pct last year.
+      "Money supply control is the government's chief weapon
+  against inflation," he said. "The problem is higher rates are
+  attracting liquidity from abroad."
+      He said this was why the central bank enacted specific
+  measures to control the inflow of foreign capital. The Bank of
+  Spain earlier this month imposed a 19 pct reserve requirement
+  on new convertible peseta funds held by banks to curb
+  short-term speculative capital from abroad.
+  
+
diff --git a/reuters/training/8724 b/reuters/training/8724
new file mode 100644
index 0000000000000000000000000000000000000000..c9acf793fefc359d8cb73e4a656bf0be12cc750c
--- /dev/null
+++ b/reuters/training/8724
@@ -0,0 +1,7 @@
+CAMPBELL RED LAKE <CRK> SETS QUARTERLY DIVIDEND
+  Qtly div 10 cts vs 10 cts prior
+      Pay May 25
+      Record April 20
+      Note: Canadian funds
+  
+
diff --git a/reuters/training/8725 b/reuters/training/8725
new file mode 100644
index 0000000000000000000000000000000000000000..87270dfab231c76057780034695632777062d494
--- /dev/null
+++ b/reuters/training/8725
@@ -0,0 +1,31 @@
+GATT ROUND MAY STOP GROWING TRADE PROBLEMS: U.S.
+  A successful new GATT
+  (General Agreement on Tariffs and Trade) round is needed to
+  halt growing bilateral trade problems between major trading
+  partners, U.S. Trade Representative Clayton Yeutter said.
+      Yeutter, in New Zealand for informal GATT ministerial
+  talks, told Reuters bilateral trade disputes are increasing
+  because the multilateral system is inefficient.
+      "That is really a strong rationale why we need a new GATT
+  round," he said. "The very existence of all these bilateral
+  irritants clearly emphasises the need to develop multilateral
+  solutions to some of these problems."
+      The eighth GATT round of negotiations was launched at Punta
+  del Este in Uruguay in September 1986. Agriculture and services
+  were included in the negotiations for the first time.
+      The growing debt burden of Latin American and African
+  nations will also provide impetus for the GATT round to
+  succeed, he said. "Clearly those countries need to develop their
+  export endeavours and they need open markets for that to happen
+  and that's the basic objective of the new GATT round."
+      But he said the GATT round is a long term endeavour. It
+  will not give any short term relief for debt ridden countries,
+  but it will make a difference in 10 to 15 years.
+      "It's a worthwhile activity from their standpoint because
+  these debts are not going to go away in the next year or two,"
+  he said.
+      "They ought to be very strongly supported in the GATT round
+  as a mechanism for relieving their debt burdens or making
+  possible debt amortisation in the future," he said.
+  
+
diff --git a/reuters/training/8726 b/reuters/training/8726
new file mode 100644
index 0000000000000000000000000000000000000000..092b26a48a5b7b0dd5572d8854cbb31e55b8f897
--- /dev/null
+++ b/reuters/training/8726
@@ -0,0 +1,10 @@
+BELGIAN MARCH CONSUMER PRICES RISE
+  Belgian consumer prices rose 0.11 pct
+  in March from February to stand 1.27 pct above the level in
+  March 1986, the Economic Affairs Ministry said in a statement.
+      It said the consumer price index, base 1981, rose to 132.83
+  points from 132.69 in February and 131.17 in March 1985.
+      Year-on-year inflation stood at 1.00 pct in February and at
+  1.53 pct in March 1986.
+  
+
diff --git a/reuters/training/8728 b/reuters/training/8728
new file mode 100644
index 0000000000000000000000000000000000000000..6d1dbdb0d271f620ac0f620e2c40037979581a71
--- /dev/null
+++ b/reuters/training/8728
@@ -0,0 +1,10 @@
+U.K. MONEY MARKET GIVEN FURTHER 104 MLN STG HELP
+  The Bank of England said it provided the
+  money market with assistance of 104 mln stg in the afternoon
+  session.
+      This takes the bank's total help so far today to 219 mln
+  stg and compares with its estimate of a 300 mln stg shortage.
+      The central bank bought outright 104 mln stg in bank bills
+  in band two at 9-13/16 pct.
+  
+
diff --git a/reuters/training/873 b/reuters/training/873
new file mode 100644
index 0000000000000000000000000000000000000000..2c29886f712524070771d997c0ee7a16422e25d1
--- /dev/null
+++ b/reuters/training/873
@@ -0,0 +1,32 @@
+OPEC WITHIN OUTPUT CEILING, SUBROTO SAYS
+  Opec remains within its agreed output
+  ceiling of 15.8 mln barrels a day, and had expected current
+  fluctuations in the spot market of one or two dlrs, Indonesian
+  Energy Minister Subroto said.
+      He told reporters after meeting with President Suharto that
+  present weakness in the spot oil market was the result of
+  warmer weather in the U.S. And Europe which reduced demand for
+  oil.
+      Prices had also been forced down because refineries were
+  using up old stock, he said.
+      He denied that Opec was exceeding its agreed production
+  ceiling. Asked what Opec's output level was now, he replied:
+  "Below 15.8 (mln barrels per day)." He did not elaborate.
+      He said there appeared to have been some attempts to
+  manipulate the market, but if all Opec members stick by the
+  cartel's December pricing agreement it would get through
+  present price difficulties.
+      He predicted that prices would recover again in the third
+  and fourth quarters of 1987.
+      He also reiterated that there was no need for an emergency
+  Opec meeting.
+      He said Opec had expected to see some fluctuations in the
+  spot price. "We hope the weak price will be overcome, and
+  predict the price will be better in the third and fourth
+  quarters."
+      Refiners, he said, appeared to have used up old stock
+  deliberately to cause slack demand in the market and the price
+  to fall. But Opec would get through this period if members
+  stuck together.
+  
+
diff --git a/reuters/training/8730 b/reuters/training/8730
new file mode 100644
index 0000000000000000000000000000000000000000..5f18057c229aa43518eed314a774ebc6387c51be
--- /dev/null
+++ b/reuters/training/8730
@@ -0,0 +1,18 @@
+PRINCEVILLE <PVDC> GETS LETTER OF CREDIT
+  <Qintex Ltd> of Brisbane said <Westpac
+  Banking Corp> of Australia has issued a commitment letter to
+  provide Princeville Development Corp with the letter of credit
+  required under Qintex's proposed acquisition of Princeville.
+      The letter of credit would ensure payment of Princeville's
+  contingent subordinated notes to be distributed to shareholders
+  of record on the day immediately following completion of
+  Qintex's tender for 3,300,000 Princeville share. It said
+  issuance of the letter of credit is still subject to conditions
+  including appropriate documentation, but the letter is expected
+  to be issued around April Three.
+      Qintex said as a result it has extended its tender offer
+  for Princeville shares until April Three.
+      It said through yesterday it had received 7,424,292 shares
+  under the offer.
+  
+
diff --git a/reuters/training/8731 b/reuters/training/8731
new file mode 100644
index 0000000000000000000000000000000000000000..a7fb883d298813bd740e24838367055bb6498dd2
--- /dev/null
+++ b/reuters/training/8731
@@ -0,0 +1,6 @@
+ADVANCED COMPUTER TECHNIQUES <ACTP> YEAR NET
+  Shr 41 cts vs 30 cts
+      Net 700,000 vs 526,000
+      Revs 15.2 mln vs 14.7 mln
+  
+
diff --git a/reuters/training/8732 b/reuters/training/8732
new file mode 100644
index 0000000000000000000000000000000000000000..07c2552b26d55c8125370c3d47768074b21b7db7
--- /dev/null
+++ b/reuters/training/8732
@@ -0,0 +1,9 @@
+NEWS CORP <NWS> UNIT CORRECTS DIVIDEND RATE
+  News Corp Ltd's Fox Television
+  Stations Inc subsidiary said it will pay an accrued dividend of
+  5.44 dlrs per share, not the 5.83 dlrs it reported earlier, in
+  connection with the April 15 redemption of 230,000 shares of
+  increasing rate exchangeable guaranteed preferred stock for
+  1,000 dlrs per share plus accrued dividends.
+  
+
diff --git a/reuters/training/8733 b/reuters/training/8733
new file mode 100644
index 0000000000000000000000000000000000000000..2117180938e751c4be729483d23177ee1508bd2e
--- /dev/null
+++ b/reuters/training/8733
@@ -0,0 +1,8 @@
+MCRAE INDUSTRIES <MRI-A> INCREASES PAYOUT
+  McCrae Industries Inc said it
+  raised its preferred dividend on its Class A common stock to 12
+  cts per share from 11 cts per share.
+      It said the dividend was payable April 20, 1987, to
+  shareholders of record April 6.
+  
+
diff --git a/reuters/training/8734 b/reuters/training/8734
new file mode 100644
index 0000000000000000000000000000000000000000..f516d1a9aaacd360cd81006faeb4dfe6fcdc1e93
--- /dev/null
+++ b/reuters/training/8734
@@ -0,0 +1,11 @@
+COLUMBIA FIRST <CFFS> TAKES OVER BANK
+  Columbia First Federal Savings and
+  Loan Association said it has acquired the insured deposits of
+  first Federal of Maryland, based in Hagerstown, from the
+  Federal Savings and Loan Insurance Corp and reopend First
+  Federal's six former offices as Columbia First branches.
+      The Federal Home Loan Bank Board had closed First Federal
+  on March 20 because it was insolvent.  First Federal had assets
+  of 115.2 mln dlrs.
+  
+
diff --git a/reuters/training/8735 b/reuters/training/8735
new file mode 100644
index 0000000000000000000000000000000000000000..01ed11059f7b276a50ee98cefb36c7794768f42f
--- /dev/null
+++ b/reuters/training/8735
@@ -0,0 +1,14 @@
+N.Y. DEALERS BELIEVE FED INTERVENED TO BUY DLRS
+  The Federal Reserve appears to have
+  intervened in the U.S. foreign exchange market to buy dollars
+  against yen this morning, currency dealers said.
+      They said the intervention occurred near the dollar's early
+  low of 148.50 yen and the U.S. currency subsequently firmed to
+  149.05/15. It closed at 150.00/05 on Monday.
+      Dealers were uncertain of the amount involved and whether
+  the Fed's purchases were for its own account or for a customer.
+  But there was speculation that it may have been done in
+  conjunction with the Bank of Japan. Tokyo dealers said the
+  Japanese central bank bought dollars in Tokyo earlier today.
+  
+
diff --git a/reuters/training/8736 b/reuters/training/8736
new file mode 100644
index 0000000000000000000000000000000000000000..e441e8dff668f94f8a0438fb23ae24695ff20746
--- /dev/null
+++ b/reuters/training/8736
@@ -0,0 +1,6 @@
+CHARMING SHOPPES INC <CHRS> RAISES QUARTERLY
+  Qtly div three cts vs 2-1/2 cts prior
+      Pay April 15
+      Record April Six
+  
+
diff --git a/reuters/training/8738 b/reuters/training/8738
new file mode 100644
index 0000000000000000000000000000000000000000..947443f0a1f3eb16e4b2f240e50f8608ef3e2874
--- /dev/null
+++ b/reuters/training/8738
@@ -0,0 +1,12 @@
+ANGELICA CORP <AGL> 4TH QTR JAN 31 NET
+  Shr 47 cts vs 40 cts
+      Net 4,399,000 vs 3,768,000
+      Sales 76.6 mln vs 68.0 mln
+      Year
+      Shr 1.79 dlrs vs 1.84 dlrs
+      Net 16,701,000 vs 17,159,000
+      Sales 291.7 mln vs 269.1 mln
+      NOTE: FiscaL 1987 year based on 53 weeks compared wqith 52
+  weeks a year earlier.
+  
+
diff --git a/reuters/training/874 b/reuters/training/874
new file mode 100644
index 0000000000000000000000000000000000000000..9a0b27228d1d5957af0bd3914a1f62ce6cf9501d
--- /dev/null
+++ b/reuters/training/874
@@ -0,0 +1,35 @@
+OFFICIAL INQUIRY SET FOR AUSTRALIAN WHEAT INDUSTRY
+  The government's industry aid and
+  protection review body, the Industries Assistance Commission
+  (IAC), will hold a 12-month inquiry into the Australian wheat
+  industry, Primary Industry Minister John Kerin said.
+      The IAC has been asked to report on the need for assistance
+  to the industry and the nature, duration and extent of any aid,
+  he said in a statement.
+      He said the inquiry will be the first step in setting
+  marketing arrangements to apply after June 30, 1989, when the
+  underwriting and pricing provisions of the 1984 Wheat Marketing
+  Act expire.
+      Kerin said the broad-ranging reference would allow a full
+  examination of all aspects of the wheat-marketing system.
+      "The inquiry will be required to take into account changes
+  which have taken place in the industry as a result of the
+  agricultural policies of major wheat producing countries and
+  the industry's capacity to adjust to any recommended changes,"
+  he said.
+      "The inquiry is at an important time for the wheat industry,
+  as the substantial fall in world prices is likely to trigger
+  underwriting support from the government for the first time," he
+  said.
+      Kerin was referring to the government's underwriting of the
+  guaranteed minimum price paid to wheatgrowers by the Australian
+  Wheat Board near the start of the season.
+      The IAC's report will be due at the same time as the
+  findings of the current Royal Commission into Grain Storage,
+  Handling and Transport, Kerin said.
+      He said the timing of the IAC inquiry would allow its
+  findings and those of the Royal Commission to be considered in
+  later negotiations on wheat-marketing arrangements between the
+  federal and state governments and the industry.
+  
+
diff --git a/reuters/training/8740 b/reuters/training/8740
new file mode 100644
index 0000000000000000000000000000000000000000..81220da9d362a9a87d9862443df9e7c35d427813
--- /dev/null
+++ b/reuters/training/8740
@@ -0,0 +1,13 @@
+GULL INC <GLL> 3RD QTR FEB 28 NT
+  Shr 22 cts vs 14 cts
+      Net 917,000 vs 553,000
+      Sales 16.1 mln vs 13.6 mln
+      Avg shrs 4,195,000 vs 4,090,000
+      Nine mths
+      Shr 70 cts vs 29 cts
+      Net 2,852,000 vs 1,086,000
+      Sales 49.2 mln vs 40.7 mln
+      NOTE: Prior nine mths net includes gain 250,000 dlrs from
+  insurance payment.
+  
+
diff --git a/reuters/training/8741 b/reuters/training/8741
new file mode 100644
index 0000000000000000000000000000000000000000..025810396bfaa60fb1b243bdbc84a6df252e034d
--- /dev/null
+++ b/reuters/training/8741
@@ -0,0 +1,12 @@
+AMERIANA SAVINGS BANK <ASBI> 4TH QTR NET
+  Shr not given
+      Net 328,000 vs 99,000
+      Year
+      Shr not given
+      Net 1,694,000 vs 998,000
+      NOTE: Company went public in February 1987.
+      Net includes pretax loan loss recovery 41,000 dlrs vs
+  provision 50,000 dlrs in quarter and provisions 135,000 dlrs vs
+  50,000 dlrs in year.
+  
+
diff --git a/reuters/training/8742 b/reuters/training/8742
new file mode 100644
index 0000000000000000000000000000000000000000..bf27ddcae039b2cc3e8fc3d6b97e6325cab4f2fd
--- /dev/null
+++ b/reuters/training/8742
@@ -0,0 +1,11 @@
+GRIFFIN TECHNOLOGY INC <GRIF> 4TH QTR NET
+  Ended Jan 31
+      Shr loss one ct vs loss eight cts
+      Net loss 25,800 vs loss 157,100
+      Revs 2,323,500 vs 1,930,400
+      Year
+      Shr profit 19 cts vs profit four cts
+      Net profit 401,100 vs profit 93,100
+      Revs 10.3 mln vs 8,807,000
+  
+
diff --git a/reuters/training/8744 b/reuters/training/8744
new file mode 100644
index 0000000000000000000000000000000000000000..931557ff04ae71657161067f53d45361e801606c
--- /dev/null
+++ b/reuters/training/8744
@@ -0,0 +1,10 @@
+HONDURAS SEEKS PL480 VESSELS FOR TALLOW DELIVERY
+  Honduras will tender March 26 under
+  PL480 for U.S. and non-U.S. flag vessels to import 1,500 tonnes
+  of tallow in bulk, an agent for the country said.
+      The agent said delivery includes laydays of April 5-15.
+      Offers are due by 1200 hrs EST, March 26, and will remain
+  valid until the close of business the following day, the agent
+  said.
+  
+
diff --git a/reuters/training/8745 b/reuters/training/8745
new file mode 100644
index 0000000000000000000000000000000000000000..17aa39ac2d71b4b76ead86ee727d89bb15b1cb49
--- /dev/null
+++ b/reuters/training/8745
@@ -0,0 +1,16 @@
+PETRIE STORES CORP <PST> 4TH QTR JAN 31 NET
+  Shr 90 cts vs 97 cts
+      Shr diluted 82 cts vs 88 cts
+      Net 42.1 mln vs 43.0
+      Revs 379.3 mln vs 352.7 mln
+      Avg shrs 46.8 mln vs 44.3 mln
+      Avg shrs diluted 52.6 mln vs 50.0 mln
+      Year
+      Shr 1.58 dlrs vs 1.81 dlrs
+      Shr diluted 1.50 dlrs vs 1.76 dlrs
+      Net 73.7 mln vs 77.9 mln
+      Revs 1.20 billion vs 1.16 billion
+      Avg shrs 46.8 mln vs 43.0 mln
+      Avg shrs diluted 52.6 mln vs 45.6 mln
+  
+
diff --git a/reuters/training/8746 b/reuters/training/8746
new file mode 100644
index 0000000000000000000000000000000000000000..6e690af4122cc749d01c09fca9738814d81005f4
--- /dev/null
+++ b/reuters/training/8746
@@ -0,0 +1,98 @@
+U.S. ECONOMY SHOWS PROMISING SIGNS OF GROWTH
+  The U.S. economy is showing some
+  promising signs of accelerated expansion despite the
+  sluggishness of the fourth quarter last year, private
+  economists say.
+      Some of the slowness experienced in the October-December
+  period had been expected to spill over into the first quarter
+  this year, as the tax law changes that went into effect in
+  January slowed business and consumer spending.
+      But some of the latest economic data show signs of
+  surprising strength in the U.S. economy, although some
+  economists remain cautious about the outlook.
+      The Commerce Department reported today that new orders for
+  durable goods in February jumped by 5.7 billion dlrs, a six pct
+  rise, to 101.2 billion dlrs. Even excluding volatile defense
+  goods, durable goods orders rose a healthy 3.8 pct, the agency
+  said.
+      The February numbers surpassed the expectations of many
+  financial analysts, whose predictions ranged from flat to
+  increases of up to five pct.
+      The January/February employment statistics suggest the
+  Gross National Product will show a healthy rate of growth for
+  the first three months of this year, said Lyle Gramley, an
+  economist with the Mortgage Bankers Association.
+      The U.S. jobless rate in February and January was 6.7 pct,
+  the lowest rate since March 1980. The number of new non-farm
+  jobs rose by 337,000 in February after a 319,000 gain in
+  January and a 225,000 December increase, the government said.
+      The employment data suggests a GNP annual growth rate of
+  about three to 3.25 pct in the first quarter, said Gramley.
+      Much of that will be attributed to businesses rebuilding
+  their inventories and is not likely to be sustained in the
+  second quarter, Gramley said. He expects a slowdown in the
+  second quarter with smaller increases in personal consumption
+  and government spending. He also sees residential construction
+  declining mostly for multi-family housing units.
+      Fidelity Bank senior economist Mickey Levy said some of the
+  fourth quarter slowness will continue.
+      Levy predicts GNP will grow at a scant 1.5 pct rate in the
+  first quarter of 1987, accelerate during the second quarter and
+  show a brisk 4.5 pct annual rate in the third quarter.
+      The key to both forecasts is a marked improvement in the
+  U.S. trade balance which is expected because of the decline in
+  the dollar's value over the last year and half.
+      "The improvement will be gradual and long lasting," Levy
+  predicted. Most of it will be through import reduction, but at
+  least one-third will be due to a rise in product exports as the
+  prices of U.S. goods become more attractive overseas.
+      The Reagan administration has predicted the trade deficit,
+  which soared to record levels last year, will improve this year
+  and the U.S. economy will grow by a respectable 3.2 pct for the
+  year compared with a 2.5 pct rate last year.
+      As part of the effort to reduce the trade deficit, the U.S.
+  has been pressing West Germany and Japan to stimulate their
+  domestic demand for goods from the U.S. and others.
+      U.S. officials believe that would help take some of the
+  pressure off the United States whose five years of economic
+  growth has been the mainstay of developing countries.
+      The U.S. economy provided them with a giant market for
+  their goods giving them a way to earn income badly needed to
+  service their foreign debt.
+      The government last week said the U.S. economy grew at a
+  modest 1.1 pct annual rate during the fourth quarter.
+      There were indications of improvement in the huge imbalance
+  between the volume of goods imported to the United States and
+  those shipped abroad. The report showed a rising volume of
+  exports corresponding to a decline in imports despite the fact
+  that in current dollar terms, the U.S. trade deficit worsened
+  during the closing three months of 1986.
+      While fourth quarter economic growth was weak, corporate
+  profits jumped a healthy 6.1 pct during the period, the
+  government said. It also reported that inflation, as measured
+  by the GNP price deflator, remained in check, growing a
+  moderate 0.7 pct in the period, the lowest rise in 19 years.
+      The government also reported that consumer spending, a key
+  element of the five year economic recovery, jumped 1.7 pct in
+  February, after falling two pct in January.
+      The Federal Reserve Board also reported that the
+  manufacturing sector, which had been one of the weaker elements
+  of the U.S. economy, was showing signs of recovery.
+      In its latest report on current economic conditions, the
+  Fed said that economic activity in the various regions of the
+  country ranged from uneven or steady to improving.
+  Manufacturing activity showed signs of improvement in most
+  regions except Dallas where orders remained sluggish.
+      Chase Econometrics Chairman Lawrence Chimerine said the
+  pick up in the U.S. manufacturing sector is largely due to the
+  drop in the dollar's value. He said he does not foresee a major
+  pick up in economic activity, but does not believe the economy
+  will slip into recession either.
+      He said higher prices on imported products and wage cuts
+  that have helped the manufacturing sector will squeeze
+  consumers purchasing power.
+      "That pattern is starting and will continue for a number of
+  years," Chimerine said. He sees economic growth hovering around
+  a modest two pct level for the next few years.
+  
+
diff --git a/reuters/training/8747 b/reuters/training/8747
new file mode 100644
index 0000000000000000000000000000000000000000..f59a22caf1eda2ab582989b16e53e8c0bdf6bdcc
--- /dev/null
+++ b/reuters/training/8747
@@ -0,0 +1,46 @@
+INDONESIA URGED TO DEREGULATE ITS ECONOMY
+  World Bank President Barber Conable
+  linked increased borrowing by Indonesia, the Third World's
+  sixth largest debtor, to fresh measures to deregulate trade and
+  dismantle protectionist barriers.
+      "We would like to see the Indonesian government continue the
+  adjustment process ... To move towards increased deregulation
+  of the economy," Conable told a press conference at the end of a
+  three-day visit to Jakarta.
+      Conable directly linked further Bank help for Indonesia's
+  hard-pressed balance of payments to further measures by the
+  government to reduce protectionism and increase efficiency.
+      The World Bank last month granted Indonesia a 300 mln dlr
+  trade adjustment loan. He said further loans would depend on
+  the economic policies Indonesia adopted.
+      But he said that in meetings with both President Suharto
+  and leading Indonesian ministers he had not called for specific
+  policy changes.
+      "The initiative will have to rest with the Indonesian
+  government. We are not here to dictate to them," he stated.
+      Indonesia, the only Asian member of Opec, has been badly
+  hit by last year's slump in oil prices which cut its revenues
+  from crude exports in half.
+      Conable had what he termed a frank meeting this morning
+  with Suharto.
+      He voiced support for measures already taken, including
+  September's 31 pct devaluation of the rupiah, and efforts to
+  deregulate imports and stimulate exports.
+      "The government can rely on the support of the World Bank in
+  a continuing program of adjustment to the economic realities of
+  today's world," he said.
+      The Bank has loaned Indonesia 10.7 billion dlrs over the
+  past 20 years. Lending is now about one billion a year.
+      The World Bank would probably like to see further
+  dismantling of tarrif barriers and measures to reduce
+  Indonesia's protected monopolies in areas like steel, plastics
+  and cement, western bankers and diplomats said.
+      The government has already said it will announce further
+  deregulation measures, but has given no timetable. It is also
+  considering selling off loss-making state companies.
+      Conable said the Bank would try to help Indonesia find
+  funds to cover its share of development projects, which
+  otherwise would have to be scrapped or postponed. Japan's Ex-Im
+  bank announced a 900 mln dlr untied credit last month.
+  
+
diff --git a/reuters/training/8748 b/reuters/training/8748
new file mode 100644
index 0000000000000000000000000000000000000000..80de8211a803127a0fe72f59a3d2602311a18fe7
--- /dev/null
+++ b/reuters/training/8748
@@ -0,0 +1,15 @@
+ARGYLL SELLS SUBSIDIARY'S ASSETS FOR 14 MLN STG
+  Food and drink retailer Argyll Group Plc
+  <AYLL.L> said it has agreed to sell its U.K. Subsidiary <George
+  Morton Ltd> to <Seagram United Kingdom Ltd> for about 14 mln
+  stg in cash.
+      The consideration for Morton's fixed assets, stocks,
+  debtors and goodwill is payable on completion of the sale. The
+  disposal will bring Argyll an extraordinary credit of some 8.4
+  mln stg.
+      Argyll added the agreements also depend on an indication
+  from the U.K. Office of Fair Trading by June 23 that the sale
+  will not be referred to the Monopolies Commission. Argyll
+  shares were up 12p to 440, firming before the announcement.
+  
+
diff --git a/reuters/training/8749 b/reuters/training/8749
new file mode 100644
index 0000000000000000000000000000000000000000..aee763fbbc23a81108035037f4cf9a2c9a3ed30b
--- /dev/null
+++ b/reuters/training/8749
@@ -0,0 +1,26 @@
+IRAN WARNS U.S. NOT TO INTERVENE IN THE GULF
+  The speaker of the Iranian Parliament,
+  Hojatoleslam Akbar Hashemi Rafsanjani, warned the U.S. Not to
+  intervene in the Gulf, a day after Washington said its warships
+  were available to escort Kuwaiti tankers through the waterway.
+      "If U.S. Intervention occurs, the entire world will become
+  insecure for the Americans and the events of Lebanon could be
+  repeated for the Americans everywhere," he said.
+      U.S. Defence officials disclosed in Washington yesterday
+  that the U.S. Navy, which has about 24 warships in or near the
+  Gulf, was prepared to escort Kuwaiti tankers, regular targets
+  for Iranian attacks in an offshoot of its war with Iraq.
+      Rafsanjani, in an interview reported by the Iranian news
+  agency IRNA, also commented on earlier U.S. Disclosures that
+  Iran had erected sites for new Chinese-made Silkworm
+  anti-shipping missiles at the Strait of Hormuz.
+      The agency, received in London, quoted him as saying that
+  Iran did not need missiles to close the strait, 24 miles wide
+  at its narrowest, because "we can close it with artillery only."
+      He added "We have the longest coasts and the highest
+  interest here and the small southern (Gulf) states have a
+  lesser interest compared with us and therefore it is natural
+  for us to protect the security of the Strait of Hormuz more
+  than others."
+  
+
diff --git a/reuters/training/875 b/reuters/training/875
new file mode 100644
index 0000000000000000000000000000000000000000..e91f4f8cd998dd8ffc4367b70f8498455d9b46d0
--- /dev/null
+++ b/reuters/training/875
@@ -0,0 +1,63 @@
+COFFEE TRADERS EXPECT SELLOFF AFTER ICO TALKS FAIL
+  The failure of the International Coffee
+  Organization (ICO) to reach agreement on coffee export quotas
+  could trigger a massive selloff in London coffee futures of at
+  least 100 stg per tonne today, coffee trade sources said.
+      Prices could easily drop to as low as 1.00 dlr or even 80
+  cents a lb this year from around 1.25 dlrs now, they said.
+      A special meeting between importing and exporting countries
+  ended in a deadlock late yesterday after eight days of talks
+  over how to set the quotas. No further meeting to discuss
+  quotas was set, delegates said.
+      Quotas, the major device used to stabilize prices under the
+  International Coffee Agreement, were suspended a year ago after
+  prices soared following a damaging drought in Brazil.
+      With no propects for quotas in sight, heavy producer
+  selling initially and a price war among commercial coffee
+  roasting companies will ensue, the trade sources predicted.
+      Lower prices are sure to trickle down to the supermarket
+  shelf this spring, coffee dealers said.
+      The U.S. And Brazil, the largest coffee importer and
+  exporter respectively, each laid the blame on the other for the
+  breakdown of the talks.
+      Jon Rosenbaum, U.S. Assistant trade representative and
+  delegate to the talks, said in a statement after the council
+  adjourned, "A majority of producers, led by Brazil, were not
+  prepared to negotiate a new distribution based on objective
+  criteria.
+      "We want to insure that countries receive export quotas
+  based on their ability to supply the market, instead of their
+  political influence in the ICO."
+      Brazilian Coffee Institute (IBC) President Jorio Dauster
+  countered, "Negotiations failed because consumers tried to
+  dictate quotas, not negotiate them."
+      Previously, quotas were determined by historical amounts
+  exported, which gave Brazil a 30 pct share of a global market
+  of about 58 mln 60-kilo bags. A majority of producers wanted
+  quotas to continue under this basic scheme.
+      But most consumers and a maverick group of eight producers
+  proposed carving up the export market on the basis of
+  exportable production and stocks, which would reduce Brazil's
+  share to 28.8 pct.
+      Consumer delegates said this method would reflect changes
+  in many countries' export capabilities and make coffee more
+  readily available to consumers when they need it.
+      A last-minute attempt by Colombia, the second largest
+  exporter, to rescue the talks with a compromise interim
+  proposal could not bring the two sides together.
+      Delegates speculated Brazil's financial problems,
+  illustrated by its recent suspension of interest payments on
+  bank debt, have increased political pressure on the country to
+  protect its coffee export earnings.
+      Developing coffee-producing countries that depend heavily
+  on coffee earnings, particularly some African nations and
+  Colombia, are likely to be hurt the most by the ICO's failure
+  to agree quotas, analysts said.
+      The expected drop in prices could result in losses of as
+  much as three billion dlrs in a year, producer delegates
+  forecast.
+      The ICO executive board will meet March 31, but the full
+  council is not due to meet again until September, delegates
+  said.
+  
+
diff --git a/reuters/training/8750 b/reuters/training/8750
new file mode 100644
index 0000000000000000000000000000000000000000..ac81bba2ea09b562b16338a80343588f03c86cb8
--- /dev/null
+++ b/reuters/training/8750
@@ -0,0 +1,12 @@
+VALLEN CORP <VALN> 3RD QTR FEB 28 NET
+  Shr 24 cts vs 33 cts
+      Net 347,000 vs 469,000
+      Sales 16.5 mln vs 14.0 mln
+      Nine mths
+      Oper shr 93 cts vs 94 cts
+      Oper net 1,327,000 vs 1,342,000
+      Sales 48.8 mln vs 34.5 mln
+      NOTE: Current nine mths net excludes 756,000 dlr gain from
+  termination of pension plan.
+  
+
diff --git a/reuters/training/8755 b/reuters/training/8755
new file mode 100644
index 0000000000000000000000000000000000000000..f27e15ed9cc8e5e3015bd73c4caa6f8a2d1f7b7b
--- /dev/null
+++ b/reuters/training/8755
@@ -0,0 +1,27 @@
+SHELL TO DECLARE NORWAY'S DRAUGEN FIELD COMMERCIAL
+  <A/S Norske Shell>, Royal
+  Dutch/Shell Group's <RD.AS> Norwegian subsidiary, said it has
+  nearly concluded a 10 billion crown development scheme for
+  Norway's Draugen oil field and will declare the field
+  commercial in the near future.
+      Pending government approval of the scheme, the field could
+  come on stream in 1992, making it Norway's northermost field
+  development and the first such project on the Haltenbanken
+  tract off central Norway.
+      Work on the project could begin as early as January 1988, a
+  Shell spokesman said.
+      Shell has not released projected output levels for the
+  field, where water depth is 240-270 meters.
+      The spokesman said the field's partners have agreed to
+  develop Draugen with a 300-meter, single-leg concrete
+  gravity-base platform.
+      The scheme also proposes using remote subsea production
+  wells to tap the field's reservoir, estimated to contain 375
+  mln barrels of oil, and an offshore buoy-loading system to
+  transport oil from the field by ship.
+      Partners on Draugen are Shell, the operator, with a 30 pct
+  stake, British Petroleum Co Plc <BP.L> unit <BP Petroleum
+  Development (Norway) Ltd> (20 pct) and state-owned Den Norske
+  Stats Oljeselskap A/S <STAT.OL> (Statoil) (50 pct).
+  
+
diff --git a/reuters/training/8756 b/reuters/training/8756
new file mode 100644
index 0000000000000000000000000000000000000000..4efa70203d1b6d827f2b1ffe1fa273afd8c74379
--- /dev/null
+++ b/reuters/training/8756
@@ -0,0 +1,20 @@
+BOND CORP HAS NO COMMENT ON ALLIED SPECULATION
+  Bond Corp Holdings Ltd  <BONA.S> of
+  Australia said it had no comment on an article in a London
+  evening newspaper speculating on its plans for a bid approach
+  to U.K. dDrinks and food giant Allied Lyons Plc <ALLD.L>.
+      Tony Oates, Bond Corp's Executive Director for Finance and
+  Administration, said "The company does not comment on market
+  rumors or press conjecture." He added in all instances of this
+  kind problems are likely to arise whatever is said.
+      Allied's shares were 3p up at 401p, which values the
+  company at around 2.75 billion stg.
+      London stock market analysts specializing in brewery shares
+  viewed a bid from Bond, which they said has assets of around
+  two billion stg, as highly unlikely.
+      They added that rumours of a possible bid for Allied have
+  surfaced from time to time in the press and the London equity
+  market ever since last year's thwarted approach from Elders IXL
+  Ltd <ELXA.S> of Australia.
+  
+
diff --git a/reuters/training/8757 b/reuters/training/8757
new file mode 100644
index 0000000000000000000000000000000000000000..e0fbdfce16ea3a0ab390cbb0b51118b9eb0e8426
--- /dev/null
+++ b/reuters/training/8757
@@ -0,0 +1,20 @@
+S. AFRICA GOLD MINING INDUSTRY HAD RECORD YEAR
+  The gold mining industry had
+  another "exceptional year" in 1986 with tonnage milled, revenues
+  and profits reaching high levels, the Chamber of Mines said.
+      Nearly 108 mln tons of ore was milled, three pct higher
+  than the prior year, while revenues rose 17 pct to 16.5 billion
+  rand and profits increased 6.5 pct to 8.31 billion rand, the
+  Chamber reported.
+      The profit rise was achieved despite substantial cost
+  increases and a 26.1 pct rise in capital expenditures to 2.42
+  billion rand, it said.
+      The chamber said that a "comparatively buoyant gold price
+  allowed mines to continue the practise of mining lower grade
+  ores which has characterised recent years."
+      It said the industry now mines to an average grade of 5.63
+  grams per ton compared with 6.09 grams per ton in 1985.
+      Gold output for the year declined five pct to 638 tons
+  compared with the previous year's 671 tons.
+  
+
diff --git a/reuters/training/8758 b/reuters/training/8758
new file mode 100644
index 0000000000000000000000000000000000000000..3a086b73bb2d5d75d7788178cda58c5888de9d30
--- /dev/null
+++ b/reuters/training/8758
@@ -0,0 +1,5 @@
+CLAREMONT TELLS SEC IT SEEKS 15 PCT CHAMPION PRODUCTS STAKE, TWO BOARD SEATS
+
+  CLAREMONT TELLS SEC IT SEEKS 15 PCT CHAMPION PRODUCTS STAKE, TWO BOARD SEATS
+  
+
diff --git a/reuters/training/8759 b/reuters/training/8759
new file mode 100644
index 0000000000000000000000000000000000000000..13fefc6d722a79a59c6bc6f69b28f7c27b371ffd
--- /dev/null
+++ b/reuters/training/8759
@@ -0,0 +1,17 @@
+RICE, CORN LEAD 1987 U.S. FARM PAYMENTS - USDA
+  Rice and corn farmers will receive
+  the largest payments from the U.S. government during 1987 if
+  the subsidies are calculated per planted acre, the U.S.
+  Agriculture Department said.
+      USDA said government outlays to rice farmers in 1987 are
+  expected to reach 403 dlrs per acre planted, followed by corn
+  at 135 dlrs per planted acre. Government outlays include mainly
+  deficiency payments and price support loans.
+      On a per acre basis, cotton payments will reach 73.24 dlrs
+  in 1987, wheat 60.30 dlrs, sorghum 54.38 dlrs, barley 27.41
+  dlrs and oats 2.31 dlrs, USDA said.
+      USDA estimates farm subsidies will reach 25.3 billion dlrs
+  in 1987. The figures were given by USDA officials at a Senate
+  Agriculture Appropriations hearing yesterday.
+  
+
diff --git a/reuters/training/8760 b/reuters/training/8760
new file mode 100644
index 0000000000000000000000000000000000000000..20473265af2dff35c72d556def3d5da299b69e50
--- /dev/null
+++ b/reuters/training/8760
@@ -0,0 +1,7 @@
+U.K. MONEY MARKET GIVEN 10 MLN STG LATE ASSISTANCE
+  The Bank of England said it provided the
+  money market with late help of about 10 mln stg.
+      This takes the bank's total help today to some 229 mln stg
+  and compares with its forecast of a 300 mln stg shortage.
+  
+
diff --git a/reuters/training/8761 b/reuters/training/8761
new file mode 100644
index 0000000000000000000000000000000000000000..54bfa14f70f984d2ef33897d715a25951e86fdfb
--- /dev/null
+++ b/reuters/training/8761
@@ -0,0 +1,24 @@
+VOLVO GROUP COMPANY PROPOSES TWO-FOR-FIVE ISSUE
+  <AB Catena>, in which AB Volvo
+  <VOLV.ST> has a 48 pct stake, said it was proposing a
+  two-for-five stock issue that will raise the company's equity
+  capital to 420 mln crowns from 300 mln.
+      Catena reported profits after financial income and costs up
+  to only 231 mln crowns from 207 mln in 1985, despite an
+  increase in sales to 8.54 billion crowns from 5.59 billion in
+  1985.
+      The company said that its 1986 performance was best
+  reflected by earnings after writeoffs, which rose to 310 mln
+  from 221 mln in 1985.
+      Catena's increase in sales was mainly due to the takeover
+  of Safveans AB in February 1986, which changed the business
+  profile of Catena. It had principally operated as a Volvo
+  dealer. With the Safveans acquisition it is now mainly a
+  trading and industrial company.
+      In December 1986 Catena sold its share in the stockbroking
+  firm Jacobson och Ponsbach Fondkommission AB. This yielded a
+  profit of 386.7 mln crowns and was reflected in Catena's
+  pre-tax earnings which rose to 724 mln crowns from 204 mln in
+  1985.
+  
+
diff --git a/reuters/training/8765 b/reuters/training/8765
new file mode 100644
index 0000000000000000000000000000000000000000..b9c7528bd61a03e2f7f7a1f6380c914bfd067799
--- /dev/null
+++ b/reuters/training/8765
@@ -0,0 +1,32 @@
+U.S. ENERGY SECRETARY OPTIMISTIC ON INCENTIVES
+  U.S. Department of Energy Secretary
+  John Herrington said he was "optimistic" about the chances of
+  providing a more generous depletion allowance for oil and gas
+  producers, but added that the plan faces strong opposition from
+  some members of the Reagan administration.
+      Herrington, speaking to Houston oil executives at a
+  breakfast meeting, said administration debate over his plan for
+  a 27.5 pct annual depletion allowance was "heavy and strong"
+  largely because of some fears that the U.S. oil industry could
+  eventually become as dependent on federal subsidies as the
+  agriculture industry.
+      Herrington's proposed tax incentives for the oil industry
+  were issued last week after the Department of Energy released a
+  comprehensive report finding U.S. national security could be
+  jeopardized by rising oil imports.
+      In response to a question from Mitchell Energy and
+  Development Corp <MND> chairman, George Mitchell, Herrington
+  said the report did not definitively rule out an oil import
+  tarrif. "We intend to keep that debate open," Herrington said.
+      However, following his speech, Herrington told Reuters that
+  the new report shows an oil import fee "is not economical."
+      Herrington said, for example, a 10 dlr per barrel tariff on
+  oil imports would cause the nation's gross national product to
+  drop by as much as 32 billion dlrs.
+      Herrington also said he believed President Reagan, who
+  requested the comprehensive national security study, was
+  committed to some action to help the ailing U.S. oil industry.
+      "I'm quite confident he understands the problems and is
+  prepared to do something about it," Herrington said.
+  
+
diff --git a/reuters/training/8767 b/reuters/training/8767
new file mode 100644
index 0000000000000000000000000000000000000000..1ac1308febc6e15f42c8a2274a83730b3f7d6f3a
--- /dev/null
+++ b/reuters/training/8767
@@ -0,0 +1,12 @@
+COMMERCIAL METALS CO <CMC> 2ND QTR FEB 28 NET
+  Shr 23 cts vs 34 cts
+      Net 2,091,000 vs 3,053,000
+      Revs 203.5 mln vs 215.7 mln
+      Avg shrs 8,967,719 vs 8,863,945
+      1st half
+      Shr 40 cts vs 69 cts
+      Net 3,616,000 vs 6,111,000
+      Revs 411.8 mln vs 418.1 mln
+      Avg shrs 8,958,100 vs 8,850,656
+  
+
diff --git a/reuters/training/8768 b/reuters/training/8768
new file mode 100644
index 0000000000000000000000000000000000000000..3d92405e51375ea00b3266e731264b0cb62640ff
--- /dev/null
+++ b/reuters/training/8768
@@ -0,0 +1,6 @@
+GEO. A. HORMEL <HRL> VOTES TWO-FOR-ONE SPLIT
+  Geo. A. Hormel and Co said its
+  directors voted a two-for-one split, payable June one, record
+  April 18.
+  
+
diff --git a/reuters/training/8771 b/reuters/training/8771
new file mode 100644
index 0000000000000000000000000000000000000000..b6c26a5094dbd4a148e24c3c9e8a253a6dee58a9
--- /dev/null
+++ b/reuters/training/8771
@@ -0,0 +1,24 @@
+CLAREMONT TO BOOST CHAMPION PRODUCTS <CH> STAKE
+  Claremont Group Ltd, a New York
+  investment banking firm, said it intends to boost its current
+  10 pct stake in Champion Products Inc to as much as 15 pct of
+  the total outstanding common stock.
+      Claremont added that it asked Champion to put two
+  representatives on its nine-member board of directors.
+      Claremont previously disclosed in December that it had
+  agreed to act in concert with Walsh, Greenwood and Co, an
+  affiliated investment firm, to acquire Champion Products.
+      Claremont said it made net purchases of 7,800 Champion
+  Products shares between Jan. 28 and March 18.
+      In a March 20 letter to Champion Chairman John Tanis,
+  Claremont and Walsh representatives Stephen Walsh and John
+  Cirigliano said they were pleased with the company's
+  performance but wanted to take an active management role.
+      "We believe that Champion Products has just begun to evolve
+  into the market leader it will eventually become," they said. "As
+  significant shareholders with mutual interests with the
+  company, we would like to actively participate in this process."
+      Claremont's intentions and the letter were made public in a
+  filing with the federal Securities and Exchange Commission.
+  
+
diff --git a/reuters/training/8777 b/reuters/training/8777
new file mode 100644
index 0000000000000000000000000000000000000000..5a6e912ea6e22665afdcee28f4a42baa47eb3536
--- /dev/null
+++ b/reuters/training/8777
@@ -0,0 +1,12 @@
+<SHELL U.K. LTD> YEAR 1986
+  Sales proceeds 6.57 billion stg vs 8.81 billion
+      Duty and value added tax 1.84 billion vs 1.60 billion
+      Net proceeds 4.73 billion vs 7.21 billion
+      Net profit 757 mln vs 667 mln
+      Average capital employed 3.63 billion vs 3.71 billion
+      Capital and exploration expenditure 644 mln vs 618 mln
+      Cash surplus 423 mln vs 584 mln.
+      NOTE - Company is wholly owned subsidiary of Royal
+  Dutch/Shell Group <RD.AS>
+  
+
diff --git a/reuters/training/8778 b/reuters/training/8778
new file mode 100644
index 0000000000000000000000000000000000000000..51bc00971a25be0d303dfaa8f5c1d52162aa95bd
--- /dev/null
+++ b/reuters/training/8778
@@ -0,0 +1,29 @@
+CYCLOPS <CYL> SAYS DIXONS AGREEMENTS BINDING
+  Cyclops Corp said that as it has
+  already stated, its agreements with <Dixons Group PLC> are
+  binding and Dixons will not rescind or waive any provisions of
+  the agreements.
+      The company said its agreement to merge into Dixons does
+  not permit it to provide nonpublic information to <CYACQ>,
+  which is making a competing offer for Cyclops, that had been
+  provided to Dixons.
+      It said other provisions Dixons will not waive include its
+  rights to recover breakup fees or expenses from Cyclops or buy
+  Cyclops common shares from Cyclops.
+      Cyclops noted that Dixons' waiver of rights to breakup fees
+  or the purchase of common stock directly from Cyclops and the
+  provision of nonpublic information to CYACQ are conditions to
+  CYACQ's increased 92.50 dlr per share offer to acquire Cyclops
+  shares.
+      Dixons is tendering for Cyclops shares at 90.25 dlrs a
+  share.  Yesterday Citicorp <CCI>, with Audio/Video Affiliates
+  Inc <AVA> an owner of CYACQ, said it had offered to acquire
+  from Dixons after the merger of Cyclops into Dixons Cyclops'
+  industrial businesses for 12.8 mln dlrs more than Alleghany
+  Corp <Y> is currently scheduled to pay for them.
+      Citicorp said yesterday that its proposal would allow
+  Dixons to raise its tender price to 93.25 dlrs per share. 
+  Citicorp said if Dixons accepted the proposal, CYACQ would
+  terminate its competing offer for Cyclops.
+  
+
diff --git a/reuters/training/8780 b/reuters/training/8780
new file mode 100644
index 0000000000000000000000000000000000000000..d40276040a1a2b83b54974b6054de3ac8694c3a8
--- /dev/null
+++ b/reuters/training/8780
@@ -0,0 +1,21 @@
+<J.M. RESOURCES INC> IN MERGER AGREEMENT
+  J.M. Resources Inc said it has acquired
+  a 90 pct interest in DEI Acquisition Corp from InterFirst
+  Venture Corp, Sam B. Myers, Neomar Resources Inc and Richard L.
+  Morgan, all of Dallas, for warrants to acquire 10.1 mln shares
+  of J.M. stock and three mln dlrs of notes.
+      The warrants are exercisable at par value, currently 10 cts
+  per share, until March 20, 1997.  The company said if the
+  warrants were exercised in full, they would represent a 40.7
+  pct interest in J.M. common stock.  It said amounts due under
+  the notes are payable soleley from proceeds of the sale of
+  securities by J.M. and non-oil and natural gas revenues of DEI.
+      J.M. said DEI provides specialty insulation installation
+  and asbestos removal services.
+      J.M. said all of its directors except Jack E. Manning Jr.
+  have resigned and Myers and Morgan were named to the board.
+      It said Manning has resigned as president in favor of Myers
+  and will service as vice president in charge of oil and natural
+  gas operations.
+  
+
diff --git a/reuters/training/8781 b/reuters/training/8781
new file mode 100644
index 0000000000000000000000000000000000000000..2317b0ad32478c8008b9757f4928beaece5c3338
--- /dev/null
+++ b/reuters/training/8781
@@ -0,0 +1,12 @@
+ASTROTECH <AIX> DIRECTOR BUYS COMPANY STOCK
+  Astrotech International Corp said
+  its director S. Kent Rockwell, who controls Rockwell Venture
+  Capital Inc, will buy 27 pct of the company's cumulative
+  preferred stock.
+      It said will buy up to 302,300 shares of Astrotech's 1.80
+  dlrs cumulative preferred stock.
+      It said the shares are owned by W.F. Rockwell Jr, chairman
+  and chief executive officer of Astrotech and S. Kent Rockwell's
+  father.
+  
+
diff --git a/reuters/training/8784 b/reuters/training/8784
new file mode 100644
index 0000000000000000000000000000000000000000..f66699e49c87461c6e04781a7f4e2ea32efded62
--- /dev/null
+++ b/reuters/training/8784
@@ -0,0 +1,9 @@
+AMERICAN CYANAMID <ACY> CHANGES RECORD DATE
+  American Cyanamid Co said subject
+  to approval by its board it has changed the record date for the
+  quarterly dividend it will pay on June 26 to May 8 from May 29
+  to coincide with the record date for a two-for-one stock split
+  that was declared at the same time.
+      The dividend on a post-split basis is 26-1/4 cts per share.
+  
+
diff --git a/reuters/training/8785 b/reuters/training/8785
new file mode 100644
index 0000000000000000000000000000000000000000..d76d32a6d8552200e7f521c433328e43e71cf273
--- /dev/null
+++ b/reuters/training/8785
@@ -0,0 +1,6 @@
+PNEUMATIC SCALE CO <PNU> SETS QUARTERLY
+  Qtly div 25 cts vs 25 cts prior
+      Pay May 4
+      Record April 20
+  
+
diff --git a/reuters/training/8788 b/reuters/training/8788
new file mode 100644
index 0000000000000000000000000000000000000000..34ec8a5f6068d7db45d2fb604c4b1e871cbb04b6
--- /dev/null
+++ b/reuters/training/8788
@@ -0,0 +1,6 @@
+CURTICE-BURNS FOODS INC <CBI> RAISES PAYOUT
+  Qtly div 26 cts vs 24 cts prior
+      Pay April 30
+      Record April 15
+  
+
diff --git a/reuters/training/879 b/reuters/training/879
new file mode 100644
index 0000000000000000000000000000000000000000..e171aa981a1ec451b3587f14481d710f0b756c28
--- /dev/null
+++ b/reuters/training/879
@@ -0,0 +1,5 @@
+CRA Ltd 1986 net profit 138.2 mln dlrs vs 87.8 mln
+
+  CRA Ltd 1986 net profit 138.2 mln dlrs vs 87.8 mln
+  
+
diff --git a/reuters/training/8791 b/reuters/training/8791
new file mode 100644
index 0000000000000000000000000000000000000000..910407afe4bfef40585a669fcf1605d95a4723fe
--- /dev/null
+++ b/reuters/training/8791
@@ -0,0 +1,17 @@
+HYDRAULIC <THC> SPLITS 3-FOR-2, HIKES DIVIDEND
+  The Hydraulic Co said its
+  board approved a three-for-two stock split of its common stock
+  and increased its quarterly cash dividend.
+      It said the stock split will occur through a 50 pct stock
+  distribution on Hydraulic's common stock, payable April 30 to
+  stockholders of record on April 3.
+      The quarterly cash dividend, payable April 15 to
+  stockholders of record on April 3, is to be paid on Hydraulic's
+  pre-split shares that are currently outstanding, the company
+  said.
+      The dividend will be 54.75 cts per share, up from 52 cts
+  per share.It will represent a quarterly common stock cash
+  dividend of 36.50 cts per share on the share that will be
+  outstanding after the stock split, the company said.
+  
+
diff --git a/reuters/training/8793 b/reuters/training/8793
new file mode 100644
index 0000000000000000000000000000000000000000..8507c13183c9f02ea375f53b853756cb2104d427
--- /dev/null
+++ b/reuters/training/8793
@@ -0,0 +1,12 @@
+HUGHES SUPPLY INC <HUG> 4TH QTR NET
+  Shr 52 cts vs 49 cts
+      Shr diluted 1.95 dlrs vs 1.99 dlrs
+      Net 1,751,609 vs 1,622,503
+      Sales 85.9 mln vs 85.1 mln
+      Year
+      Shr 2.10 dlrs vs 1.99 dlrs
+      Shr diluted 1.95 dlrs vs 1.99 dlrs
+      Net 6,822,493 vs 6,601,717
+      Sales 347.8 mln vs 324.6 mln
+  
+
diff --git a/reuters/training/8794 b/reuters/training/8794
new file mode 100644
index 0000000000000000000000000000000000000000..0a3a97d3cc3b60313998161aa9d628d01146f855
--- /dev/null
+++ b/reuters/training/8794
@@ -0,0 +1,12 @@
+PREWAY INC <PREW> 4TH QTR LOSS
+  Shr loss 64 cts vs loss 1.29 dlrs
+      Net loss 5,732,000 vs loss 4,924,000
+      Sales 18.8 mln vs 23.6 mln
+      Avg shrs 9.0 mln vs 3.8 mln
+      Year
+      Shr loss 1.82 dlrs vs loss 3.65 dlrs
+      Net loss 12,267,000 vs loss 13,911,000
+      Sales 112.8 mln vs 129.3 mln
+      Avg shrs 6.7 mln vs 3.8 mln
+  
+
diff --git a/reuters/training/8795 b/reuters/training/8795
new file mode 100644
index 0000000000000000000000000000000000000000..3b82526033db2ac670dc8a1d7c6a647eab356114
--- /dev/null
+++ b/reuters/training/8795
@@ -0,0 +1,10 @@
+MOORE-MCCORMACK <MMR> COMPLETES UNIT SALE
+  Moore McCormack Resources Inc
+  said it has completed the previously-announced sale of its
+  Interlake Steamship Co and Moore McCormack Bulk Transport Inc
+  Great Lakes and ocean bulk shipping units to James R. Barker.
+      The company said president Paul Tregurtha has succeeded
+  Barker as chairman and chief executive officer of Moore
+  McCormack.
+  
+
diff --git a/reuters/training/8796 b/reuters/training/8796
new file mode 100644
index 0000000000000000000000000000000000000000..fc76c04ec1aae94e373dabf793d99deed1988546
--- /dev/null
+++ b/reuters/training/8796
@@ -0,0 +1,54 @@
+SUDAN REJECTS IMF DEMAND FOR DEVALUATION
+  Sudan has rejected a demand by the
+  International Monetary Fund for a currency devaluation because
+  such a move would have a negative impact on its economy, the
+  official Sudan News Agency (SUNA) reported.
+      Finance Minister Beshir Omer, quoted by SUNA, said his
+  government also rejected an IMF demand to lift state subsidies
+  on basic consumer goods.
+      SUNA, monitored by the British Broadcasting Corporation,
+  said Omer made the remarks after a meeting in Khartoum
+  yesterday with IMF envoy Abdel-Shakour Shaalan.
+      Sudan, burdened by a foreign debt of 10.6 billion dlrs, is
+  some 500 mln dlrs in arrears to the IMF, which declared it
+  ineligible for fresh loans in February last year.
+      In February 1985, Sudan announced a 48 pct devaluation of
+  its pound against the dollar, adjusting the official exchange
+  rate to 2.5 pounds to the U.S. Currency.
+      Since then, it has resisted pressure from main creditors
+  for more currency adjustments, arguing that past devaluations
+  had failed to boost exports but raised local consumer prices.
+  Sudan also has an incentive rate of four pounds to the dollar
+  for foreign visitors and remittances by expatriate workers.
+      Dealers in Khartoum's thriving black market said the dollar
+  was sold at 5.5 pounds today.
+      With stringent import regulations and the government
+  increasingly short of foreign currency, black market dollars
+  are used to finance smuggled imports from neighbouring
+  countries, mainly Egypt, Kenya, Ethiopia and Zaire.
+      Western diplomats in Khartoum say the meetings between IMF
+  and Sudanese government officials do not amount to formal
+  talks, but rather an effort by the IMF to monitor Sudan's
+  economic performance.
+      The diplomats said Sudan hoped a planned four-year economic
+  recovery program would be acceptable to the IMF as a serious
+  attempt to tackle the country's economic troubles and persuade
+  its Gulf Arab creditors to pay the IMF arrears.
+      This, they said, could provide Sudan with a clean bill of
+  health from the IMF that it could take to Western government
+  creditors, grouped informally in the so-called Paris Club, to
+  reschedule debt payments.
+      Twenty-three pct of Sudan's total foreign debt is owed to
+  members of the Paris Club, the diplomats said.
+      Sudan's Finance Minister said last month the country's IMF
+  representative had told him the fund's executive board was "very
+  pleased with the 18.5 mln dlrs arrears we have paid in the past
+  couple of months."
+      The representative, Omer Said, said IMF Managing Director
+  Michel Camdessus said he would ask Saudi Arabia, to which Sudan
+  owes about 1.4 billion dlrs, to help Khartoum to pay more.
+      Sudan has an annual debt liability of nearly 900 mln dlrs
+  but set aside only some 200 mln dlrs to service debts in the
+  fiscal year ending next June 30.
+  
+
diff --git a/reuters/training/8797 b/reuters/training/8797
new file mode 100644
index 0000000000000000000000000000000000000000..fd3ea4ad1ae3e3cdf016647341714fedd4b12fd6
--- /dev/null
+++ b/reuters/training/8797
@@ -0,0 +1,9 @@
+SOUTHERN NATIONAL CORP <SNAT> SETS STOCK SPLIT
+  Southern National corp said its
+  board declared a three-for-two stock split, payable to
+  shareholders of record on May 22.
+      A company spokeswoman said the payable date for the split
+  has not yet been fixed but would be shortly after the record
+  date.
+  
+
diff --git a/reuters/training/8799 b/reuters/training/8799
new file mode 100644
index 0000000000000000000000000000000000000000..fc19cde440dfb87726832984d54d3ed190fe13d4
--- /dev/null
+++ b/reuters/training/8799
@@ -0,0 +1,26 @@
+NATIONAL SEMICONDUCTOR<NSM> CITES IMPROVED RESULTS
+  National Semiconductor Corp
+  said improved results at its Semiconductor Group helped reduce
+  losses in the third quarter and nine months.
+      In the quarter ended March 8, the group had a modest sales
+  increase and major improvement in operating performance
+  compared to the year-ago quarter, the company said.
+      But results softened from the prior quarter because of low
+  bookings last fall for third quarter shipment and holiday
+  shutdowns, it said.
+      The semiconductor maker cut net losses to 25.6 mln dlrs or
+  31 cts a share from 39.4 mln dlrs or 47 cts in the quarter.
+      Losses in the nine months were reduced to 32.7 mln dlrs or
+  44 cts from 84.4 mln dlrs or one dlr. Sales grew 23.5 pct in
+  the quarter to 398.1 mln dlrs and 25.5 pct in the nine months
+  to 1.36 billion dlrs.
+      Bookings recovered in the latter part of the third quarter,
+  the company said. Despite the improvement in order rates and
+  operating results year-to-year, pricing continues to be
+  "aggressive for many products," it said.
+      Nevertheless, it expects the semiconductor business will
+  continue to improve this year. The Information Systems Group
+  will continue strong sales growth based on recent order trends
+  and new product introductions, it said.
+  
+
diff --git a/reuters/training/880 b/reuters/training/880
new file mode 100644
index 0000000000000000000000000000000000000000..da6ed003a842a3e1586cc533ce38493c45c8b1b0
--- /dev/null
+++ b/reuters/training/880
@@ -0,0 +1,34 @@
+N.Z. QUARTERLY CURRENT ACCOUNT DEFICIT NARROWS
+  New Zealand's current account deficit
+  for the quarter ended December 31, 1986 narrowed to 567 mln
+  dlrs from 738 mln, revised down from 742 mln, for the September
+  quarter and from 733 mln a year earlier, the statistics
+  department said.
+      The deficit for the year ended December narrowed to 2.75
+  billion dlrs from 2.91 billion dlrs, revised down from 2.92
+  billion, for the year ended September. The deficit for calendar
+  1985 was 2.61 billion.
+      The December quarter showed a 182 mln dlr surplus for
+  merchandise trade, unchanged from the September quarter surplus
+  which was revised down from 271 mln dlrs. The 1985 December
+  quarter showed a 13 mln dlr deficit.
+      Imports for the December 1986 quarter were 2.655 billion
+  against 2.883 billion in the September quarter and 2.454 a year
+  earlier. Exports were 2.837 billion against 3.065 billion and
+  2.440 billion.
+      Imports for the year ended December 1986 were 10.74 billion
+  dlrs compared with 11.14 billion in 1985. Exports were 11.20
+  billion against 11.36 billion.
+      Government borrowing stood at 9.26 billion dlrs for
+  calendar 1986 against 3.15 billion for 1985. Borrowing in the
+  December quarter rose to 3.92 billion from 1.79 in the
+  September quarter and 611 mln a year earlier.
+      Repayments stood at 5.5 billion for the year, up from 3.1
+  billion in 1985. Repayments in the December quarter accounted
+  for 1.4 billion dlrs against 260 mln in the September quarter
+  and 334 mln a year earlier.
+      Official reserves totalled 7.205 billion dlrs at end
+  December compared with 4.723 billion at end September and 3.255
+  billion one year earlier.
+  
+
diff --git a/reuters/training/8800 b/reuters/training/8800
new file mode 100644
index 0000000000000000000000000000000000000000..f3c7c8beb809b608c92315d3677caff4ee13c14d
--- /dev/null
+++ b/reuters/training/8800
@@ -0,0 +1,29 @@
+EC COLD AID FOOD SCHEME MAY BE MADE PERMANENT
+  Emergency action to distribute
+  European Community (EC) food surpluses to the poor has proved
+  so successful that the EC executive Commission may propose a
+  permanent scheme, a Commission spokesman said.
+      Almost 60,000 tonnes of food was taken out of EC stores
+  between January 20, when Agriculture Ministers approved the
+  scheme, and March 13, according to latest commission figures.
+      The food, including 30,000 tonnes of cereals, 6,000 tonnes
+  of sugar, 4,000 tonnes of beef and 13,300 tonnes of butter, has
+  been distributed to the needy through charities.
+      The present scheme was approved as an emergency measure to
+  help poor people affected by this year's unusually cold winter
+  and will end on March 31.
+      But the spokesman said the commission will consider whether
+  to propose it be replaced by an all-year-round system.
+      The commission estimates that up to March 13 the temporary
+  scheme cost between 63 and 68 mln European currency units
+  (72/78 mln dlrs). This is above the 50 mln Ecu (57 mln dlr)
+  ceiling originally envisaged by the Ministers.
+      However, commission sources said the real cost was small if
+  account is taken of the expense of keeping food in store until
+  its quality and value deteriorates.
+      On the other hand, the impact of the temporary scheme on EC
+  food surpluses has been slight. EC surplus food stocks at
+  January 31 included 1.28 mln tonnes of butter, 520,000 tonnes
+  of beef and over 10 mln tonnes of cereals.
+  
+
diff --git a/reuters/training/8802 b/reuters/training/8802
new file mode 100644
index 0000000000000000000000000000000000000000..0b650023e6a2cd1f7113d7d26833a438f7418a3e
--- /dev/null
+++ b/reuters/training/8802
@@ -0,0 +1,14 @@
+FED MAY ADD RESERVES, ECONOMISTS SAY
+  The Federal Reserve may intervene in
+  the government securities market to add reserves today, some
+  economists said, although others felt that the Fed was likely
+  to refrain from any action.
+      Those who believed the Fed will intervene said it would
+  probably add temporary reserves indirectly via 1.5 to two
+  billion dlrs of customer repurchase agreements.
+      But others noted the Fed's current add-need is not large.
+  They also expected the federal funds rate to edge lower.
+      Fed funds, which averaged 6.21 pct on Monday, opened at
+  6-1/8 pct and remained at that level in early trading.
+  
+
diff --git a/reuters/training/8806 b/reuters/training/8806
new file mode 100644
index 0000000000000000000000000000000000000000..d8f6cba3b544f4b49613efa49389846060583ddb
--- /dev/null
+++ b/reuters/training/8806
@@ -0,0 +1,12 @@
+BERLINER BANK OUTLINES LOSSES
+  <Berliner Bank AG> has suffered
+  losses of between 25 mln and 30 mln marks on credits extended
+  by its Stuttgart branch by bank officials who exceeded their
+  powers, a bank spokesman said.
+      The spokesman, replying to queries about press reports,
+  said he could not rule out the possibility that the final loss
+  figure may be slightly above this range.
+      Late last week the bank said only that the losses from the
+  credits in Stuttgart would be in the "double-digit millions."
+  
+
diff --git a/reuters/training/8808 b/reuters/training/8808
new file mode 100644
index 0000000000000000000000000000000000000000..6571328cfc514681f3aeb4d12ecef61a00044a96
--- /dev/null
+++ b/reuters/training/8808
@@ -0,0 +1,6 @@
+HUGHES SUPPLY INC <HUG> SETS QUARTERLY
+  Qtly div 10 cts vs 10 cts prior
+      Pay May 22
+      Record May 8
+  
+
diff --git a/reuters/training/8810 b/reuters/training/8810
new file mode 100644
index 0000000000000000000000000000000000000000..1525089723b52bf97a90246fd800eb44209bd8dc
--- /dev/null
+++ b/reuters/training/8810
@@ -0,0 +1,9 @@
+KLEINERT'S INC <KLRT> 1ST QTR ENDS FEB 28 NET
+  Shr 24 cts vs 18 cts
+      Net 359,000 vs 297,000
+      Revs 5,724,000 vs 6,430,000
+      Avg shrs 1,475,0000 vs 1,668,000
+      NOTE: qtrs include tax gain of 147,000 vs 137,000.
+      Prior qtr ended March 1, 1986.
+  
+
diff --git a/reuters/training/8812 b/reuters/training/8812
new file mode 100644
index 0000000000000000000000000000000000000000..81369da210a2781eac4aaf4cafc3d5468e5cc4d4
--- /dev/null
+++ b/reuters/training/8812
@@ -0,0 +1,5 @@
+U.S. SUPREME COURT ALLOWS OFFSHORE ALASKAN OIL AND GAS EXPLORATION
+
+  U.S. SUPREME COURT ALLOWS OFFSHORE ALASKAN OIL AND GAS EXPLORATION
+  
+
diff --git a/reuters/training/8814 b/reuters/training/8814
new file mode 100644
index 0000000000000000000000000000000000000000..5f57168a3df82e6564dc856e3b521acd067b32c2
--- /dev/null
+++ b/reuters/training/8814
@@ -0,0 +1,6 @@
+MICRODYME CORP <MCDY> 1ST QTR FEB ONE LOSS
+  Shr loss nine cts vs profit two cts
+      Net loss 397,000 vs profit 76,000
+      Revs 3,763,000 vs 6,467,000
+  
+
diff --git a/reuters/training/8815 b/reuters/training/8815
new file mode 100644
index 0000000000000000000000000000000000000000..74c098f6c8c801ce8f54cdacb5c99b619dc2f685
--- /dev/null
+++ b/reuters/training/8815
@@ -0,0 +1,40 @@
+U.S. COURT ALLOWS OFFSHORE ALASKAN EXPLORATION
+  A unanimous Supreme Court ruled that
+  oil and gas exploration can proceed on two tracts off the
+  Alaska coast which were leased by the federal government to
+  eight major oil companies.
+      The ruling was an important victory for the oil companies
+  and the Reagan administration's controversial off-shore leasing
+  program and a setback for two small Alaskan villages that
+  challenged the leases by claiming damage to the environment.
+      The administration said that the court-ordered halt in
+  drilling had created uncertainty over the 4.2 billion dlrs paid
+  for 621 leases off the shores of Alaska since December 1980.
+      A federal appeals court ordered the oil companies to halt
+  all exploration and remove all drilling rigs from two tracts in
+  the Bering Sea off Alaska because of possible harm to the
+  subsistence needs and culture of native Eskimos.
+      But the Supreme Court said the appeals court was wrong in
+  issuing an injunction halting exploration.
+      "Here, injury to subsistence resources from exploration was
+  not at all probable," Justice Byron White wrote for the court.
+  "And on the other side of the balance of harms was the fact
+  that the oil companies had committed approximately 70 mln dlrs
+  to exploration to be conducted during the summer of 1985 which
+  they would have lost without chance of recovery had exploration
+  been enjoined," he said.
+      The oil companies, Amoco Corp <AN>, ARCO, Exxon Corp <XON>,
+  Mobil Corp <MOB>, Sohio, Shell, Texaco Inc <TX> and Union Oil,
+  had said that voiding previously granted leases would result in
+  staggering financial losses.
+      The first lease sale in 1983 involved 2.4 mln acres and
+  generated 318 mln dlrs while the second lease sale in 1984
+  covered 37 mln acres and produced 516 mln dlrs.
+      Administration officials, saying the lease sales were
+  preceded by an intense environmental impact study, denied that
+  the oil and gas exploration would hurt subsistence resources.
+      The Alaskan villages of Gambell and Stebbins, along with an
+  organization of Eskimo natives on the Yukon Delta, argued that
+  the drilling would hurt native hunting and fishing.
+  
+
diff --git a/reuters/training/882 b/reuters/training/882
new file mode 100644
index 0000000000000000000000000000000000000000..7b0b062c44385c8fb18170abf999d4a886a7f365
--- /dev/null
+++ b/reuters/training/882
@@ -0,0 +1,25 @@
+TRANSAMERICA SELLS OCCIDENTAL LIFE AUSTRALIA
+  Equity investment company <Battery
+  Group Ltd> said it had agreed to buy <Occidental Life Insurance
+  Co of Australia Ltd> from TransAmerica Corp <TA> of the U.S.
+  For 105 mln Australian dlrs.
+      The acquisition has been made possible by the efforts of
+  its major shareholder, <Pratt and Co Financial Services Pty
+  Ltd>, Battery Group said in a statement.
+      The purchase will be partly funded by the issue of eight
+  mln shares at 4.50 dlrs each and four mln free options to the
+  Pratt Group, controlled by entrepreneur Dick Pratt, plus four
+  mln shares to professional investors at 4.50 each, it said.
+      The balance will be funded by debt, Battery Group said.
+      The acquisition is subject to the approval of its
+  shareholders.
+      On completion of the share placements, Pratt Group will
+  effectively have 51 pct of Battery's enlarged capital, assuming
+  exercise of all options, it said. Battery now has 22 mln shares
+  on issue.
+      Battery said Occidental Life is a major underwriter of
+  individual term life insurance and a recent but fast-growing
+  entrant in the individual account superannuation market.
+      It has some 200 mln dlrs in funds under management.
+  
+
diff --git a/reuters/training/8820 b/reuters/training/8820
new file mode 100644
index 0000000000000000000000000000000000000000..3b8914a8342289defefa6786d3143b9458fee9a8
--- /dev/null
+++ b/reuters/training/8820
@@ -0,0 +1,73 @@
+LOWER TAX OFFSETS LOWER SHELL U.K. UPSTREAM PROFIT
+  <Shell U.K. Ltd's> pre-tax profit on
+  exploration and production operations fell to 869 mln stg in
+  1986 from 2.12 billion in 1985 due to the fall in oil prices
+  last year, Shell U.K. Finance director Nigel Haslam said.
+      But he told a press conference that due to the high
+  marginal tax rate on North Sea operations, the main impact of
+  the drop in profit was absorbed by a fall in taxation to 330
+  mln stg from 1.45 billion in 1985.
+      The bulk of tax last year was Corporation Tax, with
+  Petroleum Revenue Tax (PRT) representing only 16 mln stg, he
+  said.
+      As a result, post-tax profit from the exploration and
+  production sector fell by only 126 mln stg to 539 mln.
+      Earlier, Shell U.K., a subsidiary of Royal Dutch/Shell
+  Group <RD.AS>, reported an overall net profit of 757 mln stg,
+  up from 667 mln in 1985, on sales of 6.57 billion stg against
+  8.81 mln.
+      Shell U.K. Chairman Bob Reid said the company's crude oil
+  output from the North Sea was at a record 373,000 bpd in 1986,
+  which would almost certainly prove to be a peak for the
+  company. Shell expects a fall in output of around 10 pct in the
+  current year to around 340,000 bpd, due mainly to the decline
+  in output from the major Brent field, he said.
+      Gas output of 5.9 billion cubic metres and natural gas
+  liquids output of around one mln tonnes in 1986 are expected to
+  be maintained in 1987, he said.
+      A final decision on development of the Kittiwake and Osprey
+  North Sea oil fields will be made in the next 12 to 18 months,
+  Reid said. The Kittiwake field, originally part of the 2.5
+  billion stg Gannet project abandoned last year when the oil
+  price fell, is now estimated to cost around 350 mln stg.
+      Economies on development costs for the Tern and Eider North
+  Sea fields, which were approved last year, have brought the
+  cost down to 30 to 35 pct below the original budget.
+      Day to day operating costs of the exploration and
+  production sector had been cut 10 pct last year, and the target
+  is to keep costs per barrel constant.
+      The company drilled 17 wells offshore, with 10 leading to
+  the discovery of hydrocarbons, although it is too early to
+  gauge the commercial viability of these discoveries, Reid said.
+      Restructuring of the downstream oil sector contributed to a
+  profit rise to 187 mln stg in 1986 from 91 mln stg in 1985.
+      Jaap Klootwijk, managing director of downstream unit <Shell
+  U.K. Oil>, said refining margins in the first quarter of 1987
+  were a "bit better than the very bad fourth quarter 1986."
+      In November and December in particular, refining operations
+  had shown negative margins following the fall in crude and oil
+  product prices, he said. He expected margins to continue
+  generally positive over the summer, although they could dip to
+  become negative from time to time, depending on price
+  movements.
+      A new catalytic cracker at Shell's Stanlow refinery will
+  now come on stream by the end of first quarter 1988, about five
+  months behind schedule, following a crane accident which
+  severely damaged the plant last year, he said.
+      Profits from the chemicals sector rose to 33 mln stg from
+  11 mln after the rationalisation of the Carrington chemical
+  site.
+      Haslam said the Budget announcement on PRT relief, by which
+  companies will be allowed to offset up to 10 pct of qualifying
+  development expenditure on certain future oil fields against
+  PRT, was "helpful," but rather less than had been hoped for.
+      Reid said his estimate of crude oil prices this year was in
+  the range of 15 to 18 dlrs. If prices went much above that, he
+  would expect some over-production above OPEC"s official 15.8 mln
+  bpd output ceiling which would tend to bring prices back down.
+      He said it looked as if the December OPEC pact to restrain
+  output was holding, bringing supply and demand into balance,
+  but the test will come in summer when demand for OPEC oil will
+  fall.
+  
+
diff --git a/reuters/training/8822 b/reuters/training/8822
new file mode 100644
index 0000000000000000000000000000000000000000..d2bb345808511d257764e6fbe21009d287ba22fe
--- /dev/null
+++ b/reuters/training/8822
@@ -0,0 +1,5 @@
+CALNY INC REJECTS PEPSICO INC ACQUISITION OFFER
+
+  CALNY INC REJECTS PEPSICO INC ACQUISITION OFFER
+  
+
diff --git a/reuters/training/8823 b/reuters/training/8823
new file mode 100644
index 0000000000000000000000000000000000000000..d9689d063b7acb01f63327fff977d59a3f5967e5
--- /dev/null
+++ b/reuters/training/8823
@@ -0,0 +1,23 @@
+DIXONS PLANS TO LET CYCLOPS <CYL> OFFER EXPIRE
+  Dixons Group PLC said it does not plan
+  to extend the expiration date of its tender offer for any and
+  all common shares of Cyclops Corp beyond tonight.
+      Dixons said it would accept shares validly tendered and not
+  withdrawn by midnight tonight.
+      Dixons, which is offering 90.25 dlrs a share for Cyclops,
+  said last week it had about 54 pct of Cyclops common shares.
+  Its offer originally was scheduled to expire March 17 but was
+  extended for one week.
+      Yesterday Citicorp <CCI>, with Audio/Video Affiliates Inc
+  <AVA> an owner of CYACQ, said it had offered to acquire from
+  Dixons after the merger of Cyclops into Dixons, Cyclops'
+  industrial businesses for 12.8 mln dlrs more than Alleghany
+  Corp <Y> is currently scheduled to pay for them.
+      Citicorp said yesterday that its proposal would allow
+  Dixons to raise its tender price to 93.25 dlrs per share.
+  Citicorp said if Dixons accepted the proposal, CYACQ would
+  terminate its competing 92.50 dlr offer for Cyclops.
+      Citicorp had suggested yesterday that Dixons extend its
+  tender until March 31 in connection with the price increase.
+  
+
diff --git a/reuters/training/8826 b/reuters/training/8826
new file mode 100644
index 0000000000000000000000000000000000000000..ca95adb009d74693de400bfd37ea3ccd4cfbc996
--- /dev/null
+++ b/reuters/training/8826
@@ -0,0 +1,12 @@
+INTERNATIONAL CLINICAL LABORATORIES INC <ICLB>
+  Shr nine cts vs seven cts
+      Net 676,000 vs 509,000
+      Revs 48.5 mln vs 39.9 mln
+      1st half
+      Shr 12 cts vs 17 cts
+      Net 923,000 vs 1,248,000
+      Revs 94.1 mln vs 79.5 mln
+      NOTE:Current half net includes charge 500,000 dlrs from
+  reversal of investment tax credits.
+  
+
diff --git a/reuters/training/8829 b/reuters/training/8829
new file mode 100644
index 0000000000000000000000000000000000000000..e0ed0206dadd6e8ebc29417a09848c085fd80a6a
--- /dev/null
+++ b/reuters/training/8829
@@ -0,0 +1,14 @@
+NORWEGIAN CENTRAL BANK RESERVES FALL IN JANUARY
+  Norway's Central Bank reserves totalled
+  91.06 billion crowns in January, against 93.07 billion in
+  December and 105.29 billion in January 1986, the central bank
+  said in its monthly balance sheet.
+      Foreign exchange reserves totalled 83.68 billion crowns,
+  compared with 85.52 billion in December and 99.19 billion
+  crowns a year ago. Gold reserves totalled 284.7 mln crowns,
+  unchanged from the previous month and the year-ago figure.
+      Central bank special drawing right holdings were 2.82
+  billion crowns, compared with 2.89 billion in December and 2.13
+  billion a year ago.
+  
+
diff --git a/reuters/training/883 b/reuters/training/883
new file mode 100644
index 0000000000000000000000000000000000000000..0bb62437a491f3af5d49c5ddb16fe7d28c3c8037
--- /dev/null
+++ b/reuters/training/883
@@ -0,0 +1,14 @@
+CRA LTD <CRAA.S> 1986 NET
+  Net 138.20 mln dlrs vs 87.80 mln.
+      Shr 24.8 cents vs 17.8
+      Final div to announced after July 1, vs final 10 cents
+  making 15.
+      Sales revenue 4.81 billion vs 4.69 billion
+      Investment income 116.93 mln vs 60.61 mln
+      Shrs 494.35 mln vs 494.22 mln.
+      NOTE - Net is after tax 171.03 mln dlrs vs 188.52 mln,
+  interest 337.39 mln vs 308.68 mln, depreciation 352.32 mln vs
+  333.05 mln but before net extraordinary loss 250.28 mln vs
+  profit 28.03 mln.
+  
+
diff --git a/reuters/training/8830 b/reuters/training/8830
new file mode 100644
index 0000000000000000000000000000000000000000..35933845b5809a3664a44485ae498e380727faeb
--- /dev/null
+++ b/reuters/training/8830
@@ -0,0 +1,9 @@
+GNB JOINS IN LEVERAGED BUYOUT OF FRENCH UNIT
+  <GNB Inc> said it joined
+  with the management of the French company Compagnie Francaise
+  d'Electro-Chimie to purchase the company for an undisclosed
+  amount.
+      The French company, which produces lead-acid batteries, had
+  sales in 1986 of 75 mln dlrs, GNB said.
+  
+
diff --git a/reuters/training/8835 b/reuters/training/8835
new file mode 100644
index 0000000000000000000000000000000000000000..557fb5bcd799aec8b0a27f014888d89afc16dd0a
--- /dev/null
+++ b/reuters/training/8835
@@ -0,0 +1,16 @@
+OIL TAX BREAK RIDICULED BY U.S. HOUSE TAXWRITER
+  A House taxwriter said Energy
+  Secretary James Herrington's "outrageous" plan to restore an old
+  tax break for oil companies was both bad tax and energy policy.
+      Rep. Pete Stark, a California Democrat and senior House
+  Ways and Means Committee member, said Herrington's plan for a
+  27.5 pct depletion allowance--which in effect is a special 27.5
+  pct tax deduction --would cost seven billion dlrs a year.
+      "He must have missed the last two years of federal tax
+  reform by sleeping as soundly as Rip Van Winkle," Stark said.
+      He said in a statement the oil industry already pays an
+  effective lower rate of U.S. tax on investment, 15 pct versus
+  aggregate corporate tax on all investment of 34 pct, according
+  to a recent Congressional Research Service study.
+  
+
diff --git a/reuters/training/8836 b/reuters/training/8836
new file mode 100644
index 0000000000000000000000000000000000000000..4f9e85a1636aaa0874be2cf9acdf26ba6f5e2178
--- /dev/null
+++ b/reuters/training/8836
@@ -0,0 +1,12 @@
+CALNY <CLNY> REJECTS PEPSICO ACQUISITION OFFER
+  Calny Inc said its board
+  rejected as inadequate the unsolicited offer by PepsiCo Inc
+  <PEP> subsidiary Taco Bell Corp for all Calny's outstanding
+  common stock at 11.50 dlrs cash per share.
+      Taco Bell recently acquired 9.9 pct of Calny's outstanding
+  stock, Calny said.
+      Calny said it retained Oppenheimer and Co Inc to consider
+  various financial and strategic alternatives available to the
+  company.
+  
+
diff --git a/reuters/training/8837 b/reuters/training/8837
new file mode 100644
index 0000000000000000000000000000000000000000..9ae0eb3092a0ccd75cf3f36db76ce26041e3bebf
--- /dev/null
+++ b/reuters/training/8837
@@ -0,0 +1,5 @@
+K MART CORP RAISES DIVIDEND 17.6 PCT, VOTES THREE-FOR-TWO STOCK SPLIT
+
+  K MART CORP RAISES DIVIDEND 17.6 PCT, VOTES THREE-FOR-TWO STOCK SPLIT
+  
+
diff --git a/reuters/training/884 b/reuters/training/884
new file mode 100644
index 0000000000000000000000000000000000000000..a3ba516f95dff5b8faf94a0ea61d27c8460c8ec7
--- /dev/null
+++ b/reuters/training/884
@@ -0,0 +1,11 @@
+MALAYSIA RE-IMPOSES EXPORT DUTIES ON RUBBER
+  The Malaysian government said it
+  has re-imposed export duties on rubber at 3/8 cent per kilo
+  after the gazetted price moved above the threshold price of 210
+  cents per kilo.
+      The gazetted price, effective March 1, rose to 213-1/2
+  cents per kilo from February's 207.
+      The duty for research remains at 3.85 cents per kilo and
+  the replanting duty is also unchanged at 9.92 cents.
+  
+
diff --git a/reuters/training/8845 b/reuters/training/8845
new file mode 100644
index 0000000000000000000000000000000000000000..15505a73c79967da86dcfe044aed1a95bb9928b2
--- /dev/null
+++ b/reuters/training/8845
@@ -0,0 +1,30 @@
+FED GOVERNOR SUPPORTS COMMODITY PRICE GUIDE
+  Robert Heller, a member of the Board
+  of Governors of the Federal Reserve System, said commodity
+  prices could form a useful guide for setting domestic and
+  international monetary policy.
+      Speaking to the conservative Heritage Foundation, Heller
+  said, "A broadly based commodity price index may be worth
+  exploring" as a guide to monetary policy.
+      "In times of rising commodity prices, monetary policy might
+  be tightened and in times of falling commodity prices, monetary
+  policy might be eased," he said.
+      Commodities are also standardized to avoid measurement
+  problems and occur at the beginning of production so as to give
+  "early warning" signs of wholesale and retail changes.
+      "There is no need to react to every small fluctuation in
+  commodity prices or to do so on a daily basis," Heller said in a
+  prepared text.
+      "But if commodity prices exhibit a broad trend, a policy
+  action might be considered," he said.
+      Heller said using a broad-based commodity price index as an
+  indicator for monetary policy would also contribute to
+  stabilized currency exchange rates.
+      Commodity prices are generally uniform worldwide and prices
+  for them are more consistent than for other types of goods, he
+  said.
+      He said other beneficial effects would be to stabilize
+  export commodity prices for developing countries by using a
+  commodity basket as a guidepost for monetary policy.
+  
+
diff --git a/reuters/training/8846 b/reuters/training/8846
new file mode 100644
index 0000000000000000000000000000000000000000..4f8cbc04b8d2af78922c533cf955dd228b2228ae
--- /dev/null
+++ b/reuters/training/8846
@@ -0,0 +1,12 @@
+K MART <KM> RAISES PAYOUT, VOTES SPLIT
+  K mart Corp said its board approved
+  a 17.6 pct increase in the quarterly dividend and declared a
+  three-for-two stock split.
+      The company raised its dividend to 43.5 cts a presplit
+  share, up from the previous 37 cts a share. After the split,
+  the new quarterly dividend rate is equivalent to 29 cts a
+  share. It is payable June Eight, record May 21.
+      It said the additional shares will be distributed June
+  Five, record May 21.
+  
+
diff --git a/reuters/training/8849 b/reuters/training/8849
new file mode 100644
index 0000000000000000000000000000000000000000..2407f75ce96b6fd4eaed69606687d8fa864d1037
--- /dev/null
+++ b/reuters/training/8849
@@ -0,0 +1,15 @@
+SOUTHMARK <SM> SELLS NATIONAL HERITAGE STAKE
+  National Heritage Inc, a unit of
+  Southmark Corp, said it began an initial public offering of two
+  mln shares of common stock at a price of 9.50 dlrs a share.
+      All the shares are being offered by National Heritage,
+  which will trade under symbol NHER on Nasdaq, through lead
+  underwriter Drexel Burnham Lambert Inc.
+      Proceeds will be used to increase working capital, complete
+  renovations at leased facilities and repay certain debts to
+  Southmark.
+      After the offer, Southmark will retain about 82 pct of the
+  11 mln outstanding common shares of National Heritage, which
+  operates 201 long-term nursing care facilities.
+  
+
diff --git a/reuters/training/885 b/reuters/training/885
new file mode 100644
index 0000000000000000000000000000000000000000..683ad7df060fa765a5b237ea0120888d3426e41a
--- /dev/null
+++ b/reuters/training/885
@@ -0,0 +1,12 @@
+MALAYSIA RAISES DUTY ON PROCESSED PALM OIL
+  The government said it raised the
+  export duty on processed palm oil (PPO) to 64.06 ringgit per
+  tonne from 40.96 ringgit, effective from March 1.
+      Export duty on crude palm oil (CPO) was unchanged at 16.06
+  ringgit per tonne.
+      The gazetted price of PPO rose to 796.8604 ringgit per
+  tonne from 719.8286. That of CPO remained at 617.8238 ringgit.
+      The export duty and gazetted price of palm kernel were left
+  unchanged at 191.15 and 955.75 ringgit per tonne respectively.
+  
+
diff --git a/reuters/training/8850 b/reuters/training/8850
new file mode 100644
index 0000000000000000000000000000000000000000..a6e36e01bcfceb964da53af058ba92cada514153
--- /dev/null
+++ b/reuters/training/8850
@@ -0,0 +1,11 @@
+GHANA COCOA PURCHASES STILL AHEAD OF LAST YEAR
+  The Ghana Cocoa Board said it purchased
+  456 tonnes of cocoa in the 23rd week, ended March 12, of the
+  1986/87 main crop season, compared with 684 tonnes the previous
+  week and 784 tonnes in the 23rd week ended March 20 of the
+  1985/86 season.
+      Cumulative purchases so far this season stand at 217,235
+  tonnes, ahead of the 203,884 tonnes purchased by the 23rd week
+  of last season, the board said.
+  
+
diff --git a/reuters/training/8853 b/reuters/training/8853
new file mode 100644
index 0000000000000000000000000000000000000000..55c5a3faf7deb1734f35d77ef6667b1a4025f68b
--- /dev/null
+++ b/reuters/training/8853
@@ -0,0 +1,24 @@
+OWENS-ILLINOIS <OI> ACQUISITION COMPLETED
+  OII HoLdings Corp, a concern formed by
+  Kohlberg Kravis Roberts and Co, said it completed its
+  previously announced acquisition of Owens-Illinois Inc.
+      Under terms of the February 10 agreement, OII paid 60.50
+  dlrs per common share and 363 dlrs per 4.75 dlrs convertible
+  preferred share.
+      OII said each common share still outstanding at the time of
+  the merger has been converted into the right to receive 60.50
+  dlrs per share and all preference shares not converted will be
+  redeemd on April 22 at a redemption price of 100 dlrs per
+  preference share plus accrued and unpaid dividends.
+      OII said it has assumed Owen's 3-3/4 pct sinking fund
+  debentures due June 1, 1988, 9.35 pct sinking fund debentures
+  due November 1, 1999, and 7-5/8 pct debentures due April 1,
+  2001.
+      OII said the New York Stock Exchange said the securities
+  will be delisted as a result of the merger. OII said it is
+  anticipated that the securities will be traded in the over-the-
+  counter market.
+      The surviving company will be known as Owen-Illinois Inc,
+  it said.
+  
+
diff --git a/reuters/training/8854 b/reuters/training/8854
new file mode 100644
index 0000000000000000000000000000000000000000..c67fcd62be99464a963ebc707996243a8b82f3f2
--- /dev/null
+++ b/reuters/training/8854
@@ -0,0 +1,24 @@
+HECLA <HL> TO BUY MINE STAKE FROM BP <BP> UNIT
+  Hecla Mining Co said it
+  has agreed to purchase a 28 pct interest in the Greens Creek
+  Joint Venture from British Petroleum Co PLC's Amselco Minerals
+  Inc unit.
+      The venture expects to bring into production a
+  gold-silver-lead-zinc ore body on Admiralty Island, Alaska,
+  containing about 3,500,000 short tons of ore assaying about
+  0.18 ounce of gold, 24.0 ounces of silver, 9.7 pct zinc and 3.9
+  pct zinc per short ton, Hecla said.  It said there is
+  significant potential for the discovery of additional ore.
+      Hecla said initial production from a trackless underground
+  mine is scheduled for late 1988 at a rate of about 1,000 tons
+  or ore per day.  "At this rate, the Greens Creek mine will be
+  the largest domestic silver mine and is expected to be one of
+  the lowest cost producers."
+      The company said it estimates its total investment in the
+  project, including its share of preproduction costs, at about
+  45 mln dlrs, to be funded through internally generated cash and
+  existing lines of credit.  It said Amselco will retain a
+  majority interest in the project.  Other interest holders are
+  CSX Corp <CSX> and <Exaias Resources Corp>.
+  
+
diff --git a/reuters/training/8855 b/reuters/training/8855
new file mode 100644
index 0000000000000000000000000000000000000000..2f5b9aae8c62a58515cb9b5f002ff1c7e54fef3b
--- /dev/null
+++ b/reuters/training/8855
@@ -0,0 +1,25 @@
+CHRYSLER, LAMBORGHINI STILL IN JOINT VENTURE TALKS
+  Joint venture talks that could
+  lead to Chrysler Corp <C> taking a stake in Italian car maker
+  <Automobili Lamborghini SpA> are continuing, a Lamborghini
+  spokesman said.
+      He told Reuters the two companies are discussing a number
+  of topics ranging from "a joint venture in the production area
+  to Chrysler becoming a shareholding partner" in the Italian
+  firm.
+      The spokesman declined to comment on whether Chrysler was
+  interested in acquiring control of Lamborghini or if the two
+  sides were close to an accord.
+      He said the two companies are discussing the possibility of
+  jointly developing a sports car aimed primarily at the U.S.
+  Market.
+      The spokesman said Chrysler officials in Detroit had
+  already visited Lamborghini's production plant in Bologna and
+  another visit may be scheduled.
+      Lamborghini, which is controlled by the Mimran Group of
+  Switzerland, broke even last year on sales of 29 billion lire,
+  he said.
+      Chrysler also holds a 15 pct interest in Italian sports car
+  producer <Alfieri Maserati Spa>.
+  
+
diff --git a/reuters/training/8856 b/reuters/training/8856
new file mode 100644
index 0000000000000000000000000000000000000000..9b89a495979b1ca8dc98357f7100a8651f444704
--- /dev/null
+++ b/reuters/training/8856
@@ -0,0 +1,24 @@
+MOSCOW SUPPORTS FREE GULF NAVIGATION, ENVOY SAYS
+  The Soviet Union supports the freedom
+  of navigation in the Gulf and does not support any act which
+  would cause the deterioration of the situation in the region,
+  its ambassador to Kuwait, Ernest Zverev, told the Kuwaiti news
+  agency KUNA.
+      "We support the freedom of navigation in the Arabian Gulf
+  and the Strait of Hormuz," the agency quoted Zverev as saying.
+      KUNA also said the envoy had discussed the deployment of
+  Iranian missiles near the Strait of Hormuz with Kuwaiti Foreign
+  Undersecretary Suliman Majed al-Shaheen.
+      A British naval source in the Gulf said today Iran had
+  test-fired its new Silkworm missiles and set up launching sites
+  in the area.
+      The tests had been successful and the missiles could be
+  used against shipping in the strait, the source added.
+      But Iranian Parliamentary Speaker Hojatoleslam Akbar
+  Hashemi Rafsanjani said Iran did not need missiles to close the
+  strait because "we can close it with artillery only."
+      The U.S. Has said it will not allow Iran to use missiles to
+  choke off oil shipments and offered its warships to escort
+  Kuwaiti tankers past the missile batteries in the strait.
+  
+
diff --git a/reuters/training/8857 b/reuters/training/8857
new file mode 100644
index 0000000000000000000000000000000000000000..d940c899d644e6c3fb333f0317185b4e4e99a86f
--- /dev/null
+++ b/reuters/training/8857
@@ -0,0 +1,15 @@
+BELGIUM DETAILS PRICING PLAN FOR ECU GOLD COIN
+  The 50 European Currency Unit gold
+  coins which go on sale tomorrow in Belgium will be priced at a
+  premium of seven pct to the value of the gold they contain, a
+  Finance Ministry spokesman said. The price will be calculated
+  daily, based on the daily gold fixing in London.
+      Belgium is minting an initial 50,000 gold coins to
+  celebrate the 30th anniversary of the European Community's
+  founding Treaty of Rome, but final production is expected to be
+  around 200,000. Each 17.27 gram coin will contain 55 grams of
+  fine metal.
+      Two mln silver coins, face value five Ecus, will be sold at
+  500 francs each.
+  
+
diff --git a/reuters/training/8858 b/reuters/training/8858
new file mode 100644
index 0000000000000000000000000000000000000000..9149ddb22f12770a9638079c744baf87f35a8b51
--- /dev/null
+++ b/reuters/training/8858
@@ -0,0 +1,6 @@
+DATA ARCHITECTS INC <DRCH> 1ST QTR FEB 28 NET
+  Shr 19 cts vs 14 cts
+      Net 487,000 vs 344,000
+      Revs 7,492,000 vs 5,883,000
+  
+
diff --git a/reuters/training/8859 b/reuters/training/8859
new file mode 100644
index 0000000000000000000000000000000000000000..13936d1154770fd22a480bd38217ae3f01501a90
--- /dev/null
+++ b/reuters/training/8859
@@ -0,0 +1,6 @@
+PASSPORT TRAVEL INC <PPTI> 1ST QTR FEB 28 NET
+  Shr two cts vs nil
+      Net 20,406 vs 2,348
+      Sales 6,191,000 vs 6,249,000
+  
+
diff --git a/reuters/training/886 b/reuters/training/886
new file mode 100644
index 0000000000000000000000000000000000000000..c5030cc4e6e417c00a31cafaa2e805d00f94d5c5
--- /dev/null
+++ b/reuters/training/886
@@ -0,0 +1,5 @@
+comalco ltd 1986 net profit 57.1 mln dlrs vs loss 69.1 mln
+
+  comalco ltd 1986 net profit 57.1 mln dlrs vs loss 69.1 mln
+  
+
diff --git a/reuters/training/8860 b/reuters/training/8860
new file mode 100644
index 0000000000000000000000000000000000000000..ba9d4bebe3cc6e222d702d04565226a20ffcbdb0
--- /dev/null
+++ b/reuters/training/8860
@@ -0,0 +1,14 @@
+HI-SHEAR INDUSTRIES INC <HSI> 3RD QTR FEB 28 NET
+  Oper shr 28 cts vs 33 cts
+      Oper net 1,647,000 vs 1,910,000
+      Revs 19.7 mln vs 17.5 mln
+      Nine mths
+      Oper shr 82 cts vs 84 cts
+      Oper net 4,787,000 vs 8,748,000
+      Revs 55.9 mln vs 53.0 mln
+      NOTE: Prior year net excludes tax credits of 29,000 dlrs in
+  quarter and 1,761,000 dlrs in nine mths.
+      Prior nine mths net includes gain from sale of real estate
+  of 3,820,000 dlrs.
+  
+
diff --git a/reuters/training/8861 b/reuters/training/8861
new file mode 100644
index 0000000000000000000000000000000000000000..0a3920e98567d142ecc712c1c99c90c4ea4bbc80
--- /dev/null
+++ b/reuters/training/8861
@@ -0,0 +1,26 @@
+PRUDENTIAL RECORDS BEST RESULTS IN SIX YEARS
+  <Prudential Corporation Plc>, which
+  earlier announced a 62 pct rise in 1986 pre-tax profits, said
+  it had recorded its best general insurance result for six years
+  but had not reached satisfactory levels of profit in other
+  areas.
+      Group Chief Executive Brian Corby told a news conference
+  that despite returning to trading profits, the International
+  division and the Mercantile and General division had not
+  reached satisfactory levels.
+      But he said he welcomed Mercantile and General trading
+  profits in 1986 and was optimistic about both that and the
+  International division.
+      The acquisition of the U.S. Life company <Jackson National>
+  had a small effect in 1986 but its full effect would be felt in
+  the 1987 results, Corby said.
+      The Group also intended to expand the number of its estate
+  agency firms bought last year, and hoped they will comprise
+  between 10 and 15 pct of total company profits in the future.
+      "We hope they will be very profitable very shortly. We are
+  looking for profits from the estate agencies themselves as well
+  as the insurance products associated with them," Corby said.
+      Prudential's pre-tax profits rose from 1985's 110.1 mln stg
+  to 178.1 mln stg in 1986.
+  
+
diff --git a/reuters/training/8863 b/reuters/training/8863
new file mode 100644
index 0000000000000000000000000000000000000000..ee1a54c5f0de1a96857dd80a0d7cb3da482e5f0b
--- /dev/null
+++ b/reuters/training/8863
@@ -0,0 +1,27 @@
+CRS SIRRINE <DA> TO TAKE WRITE-OFF
+  CRS Sirrine Inc said it plans a major
+  restructuring of its balance sheet that will include a
+  write-off of between 39 mln and 43 mln dlrs, most of which
+  would be intangible goodwill from the company's past
+  acquisitions.
+      The company said the remainder of its write-off would
+  include a one-time expense for future costs related to early
+  retirement programs, office consolidations and an increase in
+  the general reserve for adjustments and contingencies.
+      Bruce Wilkinson, president of the company, said the charges
+  to the company's third quarter earnings, for the period ending
+  March 31, would "significantly impact" third quarter results
+  but would not affect the company's cash position.
+      "We expect to have the biggest operating backlog in the
+  company's history by June 30, 1987, the end of our fiscal
+  year," Wilkinson said. "We believe the action being proposed
+  will begin to contribute to improved earnings in the fourth
+  quarter of our fiscal 1987 and throughout fiscal 1988."
+      The company, which is one of the nation's largest
+  construction firms, also said termination of its defined
+  benefit retirement plan would produce a pre-tax benefit of
+  about 10 mln dlrs due to overfunding of the plan.
+      In its second quarter ended Dec. 31, CRSS had net earnings
+  of 800,000 dlrs on revenues of 82.5 mln dlrs.
+  
+
diff --git a/reuters/training/8865 b/reuters/training/8865
new file mode 100644
index 0000000000000000000000000000000000000000..116862f48e09fc9075daeac707562e4c11c88b36
--- /dev/null
+++ b/reuters/training/8865
@@ -0,0 +1,12 @@
+FLOWERS INDUSTRIES INC <FLO> 3RD QTR MARCH 7
+  March 7 end
+      Shr 17 cts vs 23 cts
+      Net 3,998,000 vs 5,317,000
+      Sales 189.4 mln vs 159.6 mln
+      Nine mths
+      Shr 64 cts vs 68 cts
+      Net 14.9 ln vs 15.9 mln
+      Sales 540.9 mln vs 464.7 mln
+      NOTE: Twelve and 36-week periods.
+  
+
diff --git a/reuters/training/8866 b/reuters/training/8866
new file mode 100644
index 0000000000000000000000000000000000000000..7d77c0285e7145cae054b9c90db2cf2f2cc09d34
--- /dev/null
+++ b/reuters/training/8866
@@ -0,0 +1,22 @@
+FLOWERS INDUSTRIES <FLO> SEES LOWER YEAR NET
+  Flowers Industries Inc said it
+  expects lower earnings for the current year due to operating
+  losses incurred by recent acquisitions and possible
+  nonrecurring losses resulting from its restructuring efforts.
+      For the year ended June 28, Flowers earned 29.5 mln dlrs.
+  Today it reported nine month earnings of 14.9 mln dlrs, down
+  from 15.9 mln dlrs a year before.
+      Flowers said it expects fiscal 1988, however, to show the
+  best growth in profits in its history due to the growing
+  profitability of ongoing businesses, cost control efforts,
+  higher productvitiy and lower taxes.
+      Flowers said losses suffered in its West Texas operations
+  and in five plants acquired at the start of the third quarter
+  from <CFS Staley Continental> and <Wolf Baking Co> severely
+  hurt results.
+      It said the CFS and Wolf plants are expected to be
+  contributing to profit by the end of the fiscal year and it is
+  seeking to bring the West Texas operations to acceptable levels
+  of profitability by the end of the fourth quarter as well.
+  
+
diff --git a/reuters/training/8868 b/reuters/training/8868
new file mode 100644
index 0000000000000000000000000000000000000000..b36a0580080fd41c6f9c56cfb200512504f50f88
--- /dev/null
+++ b/reuters/training/8868
@@ -0,0 +1,10 @@
+TECHNITROL INC <TNL> 4TH QTR
+  Shr 54 cts vs 47 cts
+      Net 1.1 mln vs 941,000
+      REvs 8.9 mln vs 10.3 mln
+      Year
+      Shr 1.65 dlrs vs 1.64 dlrs
+      Net 3.3 mln vs 3.3 mln
+      Revs 37.4 mln vs 39.0 mln
+  
+
diff --git a/reuters/training/887 b/reuters/training/887
new file mode 100644
index 0000000000000000000000000000000000000000..90e93ab521156aec50758f1b603381039b21c184
--- /dev/null
+++ b/reuters/training/887
@@ -0,0 +1,19 @@
+COMALCO LTD <CMAC.S> 1986 NET
+  Net profit 57.1 mln dlrs vs loss 69.1 mln.
+      Net is equity accounted
+      Pre-equity accounted net 39.90 mln dlrs vs loss 49.11 mln
+      Pre-equity shr profit 7.1 cents vs loss 8.7
+      Final div to be announced after July 1 vs first and final
+  1.0 cent.
+      Sales 1.88 billion vs 1.78 billion
+      Other income 52.75 mln vs 15.22 mln
+      Shrs 560.61 mln vs same.
+      NOTE - Net is after tax paid 46.85 mln dlrs vs credit 5.02
+  mln, interest 127.68 mln vs 117.19 mln, depreciation 109.29 mln
+  vs 100.73 mln and minorities 1.50 mln vs loss 331,000.
+      But net is before net extraordinary loss 140.5 mln vs nil.
+  Extraordinaries comprise exchange losses 102.9 mln, provision
+  for Goldendale smelter closure costs 27.3 mln and increase in
+  future tax provision 10.3 mln.
+  
+
diff --git a/reuters/training/8873 b/reuters/training/8873
new file mode 100644
index 0000000000000000000000000000000000000000..0c6f168e8b078ae477a2b9eaa0748287ff446d53
--- /dev/null
+++ b/reuters/training/8873
@@ -0,0 +1,23 @@
+ALCAN UPS ALUMINIUM INGOT AND BILLET PRICES
+  Alcan Aluminium Ltd. in Montreal said
+  it increased yesterday its prices for unalloyed ingot and
+  extrusion billet by two cents a lb, effective with shipments
+  beginning May 1.
+      The new price for unalloyed ingot is 64.5 cents a lb while
+  the new price for extrusion billet is 72.5 cents a lb.
+      "We feel very confident about raising our prices because we
+  see demand over supply as being sustainable for some time,"
+  said Ian Rugeroni, Alcan's president of metal sales and
+  recycling - U.S.A.
+      Rugeroni said sheet and can bookings for Alcan aluminium
+  were up at a time when the company's total 1.1 mln tonne North
+  American smelter system had less than a week's supply.
+      "We're short and we're buying," he said.
+      Rugeroni added that Alcan expects the International Primary
+  Aluminum Institute to report a drop in total non-Socialist
+  stocks in February and March. He estimated supply in the latter
+  month will have fallen 100,000 to 150,000 tonnes, based in part
+  on current low inventories of aluminium in Japan and on the
+  London Metal Exchange.
+  
+
diff --git a/reuters/training/8877 b/reuters/training/8877
new file mode 100644
index 0000000000000000000000000000000000000000..1c88ca94822419cb9bc9ceb7d6c2358346800113
--- /dev/null
+++ b/reuters/training/8877
@@ -0,0 +1,14 @@
+CORRECTED-HECLA <HL> TO BUY MINE STAKE FROM BP
+  Hecla Minging Co said it
+  has agreed to purchase a 28 pct interest in the Greens Creek
+  Joint Venture from British Petroleum Co PLC's <BP> Amselco
+  Minerals Inc unit.
+      The venture expects to bring into production a
+  gold-silver-lead-zinc ore body on Admiralty Island, Alaska,
+  containing about 3,500,000 short tons of ore assaying about
+  0.18 ounce of gold, 24.0 ounces of silver, 9.7 pct zinc and 3.9
+  pct lead per short ton, Hecla said.  It said there is
+  significant potential for the discovery of additional ore.
+      Corrects last assay result to lead from zinc.
+  
+
diff --git a/reuters/training/8879 b/reuters/training/8879
new file mode 100644
index 0000000000000000000000000000000000000000..35314c324a9680abc9d28c568bb1de8602311e30
--- /dev/null
+++ b/reuters/training/8879
@@ -0,0 +1,17 @@
+GENERAL NUTRITION INC <GNC> 4TH QTR NET
+  Qtr ends Jan 31
+      Shr profit eight cts vs loss 38 cts
+      Net profit 2,466,000, vs loss 12,691,000
+      Revs 111.1 mln vs 106.8 mln
+      12 mths
+      Shr profit 20 cts vs loss 47 cts
+      Net profit 6,591,000 vs loss 15.5 mln
+      Revs 342.6 mln vs 370.4 mln
+      NOTE: includes provision for store closings of foreign
+  operations of 3,897,000 for 1986 qtr, and 1,403,000 for qtr
+  prior.
+      includes provision for store closing costs and unproductive
+  inventory of 1,000,000 for 1986 qtr, and 25.1 mln for qtr
+  prior.
+  
+
diff --git a/reuters/training/8880 b/reuters/training/8880
new file mode 100644
index 0000000000000000000000000000000000000000..f16abc32c4e30daf2e7ad165ea5fdefb15fe9ecb
--- /dev/null
+++ b/reuters/training/8880
@@ -0,0 +1,15 @@
+CP AIR, PACIFIC WESTERN AIRLINES SET NEW NAME
+  <Pacific Western Airlines Corp>
+  said the airline resulting from the previously announced merger
+  of its Pacific Western Airlines Ltd unit and Canadian Pacific
+  Air Lines Ltd would be named Canadian Airlines International
+  Ltd, effective April 26.
+      Pacific Western said the two airlines' services and
+  schedules would also be integrated on April 26. It previously
+  appointed management for the new airline.
+      The new airline, Canada's second largest, will have 81
+  planes flying to 89 destinations in 13 countries.
+      Pacific Western recently acquired Canadian Pacific Airlines
+  for 300 mln dlrs from Canadian Pacific Ltd <CP>.
+  
+
diff --git a/reuters/training/8882 b/reuters/training/8882
new file mode 100644
index 0000000000000000000000000000000000000000..a65d0679532683a7707a11ee1c99a5a39f62b133
--- /dev/null
+++ b/reuters/training/8882
@@ -0,0 +1,43 @@
+DRAWDOWN SEEN IN U.S. DISTILLATE STOCKS
+  Tonight's American Petroleum Institute
+  oil inventory report is expected to show another drawdown in
+  distillate stocks of between two and 7.5 mln barrels for the
+  week ending March 20, oil analysts and traders said.
+      They said they expect gasoline inventories to be depleted
+  by about one to four mln barrels.
+      Analysts were divided on the crude stocks. Some saw stocks
+  unchanged to as much as three mln barrels higher. Others said
+  stocks could be down one to five mln barrels. Crude throughput
+  volumes are expected to be unchanged to slightly higher or
+  lower than the week ended March 13, traders said.
+      The API recorded a 7.4 mln barrel stockdraw for U.S.
+  distillates in the week ended March 13. Analysts see another 
+  draw reflecting historic seasonal trends.
+      For the week ended March 13, API reported gasoline stocks
+  down 2.9 mln barrels.
+      Those expecting a draw of as much as four mln barrels said
+  they are looking for fairly high consumption rates as the
+  spring and summer driving season gets underway this year,
+  because retail prices are still low compared to recent years.
+      U.S. crude oil stocks were reported down by 4.4 mln barrels
+  for the week ended March 13. Analysts are divided over the
+  outcome for last week because there is uncertainty about
+  whether throughput levels increased or decreased last week.
+      Some see crude stock levels unchanged to three mln barrels
+  higher, while others think inventories could be as much as five
+  mln barrels below the previous week.
+      The lower estimates are supported by the belief that crude
+  runs increased and imports fell.
+      The API reported crude runs 154,000 b/d higher for the week
+  ended March 13. Analysts are calling it unchanged to slightly
+  up or down for the week ended March 20.
+      Expectations for product stockdraws are already being
+  reflected in firmer prices, traders said. But if draws are at
+  the higher end of the estimated range, they added, the effect
+  will be bullish. Any stockbuild would be a negative factor,
+  they said.
+      Crude runs normally increase in March, and any decrease in
+  runs would be friendly to the market, said Peter Beutel of
+  Elders Energy Futures Inc.
+  
+
diff --git a/reuters/training/8884 b/reuters/training/8884
new file mode 100644
index 0000000000000000000000000000000000000000..a48e56a788ef36e3a23197e9001135a5ef9e2d29
--- /dev/null
+++ b/reuters/training/8884
@@ -0,0 +1,61 @@
+STERLING OUTLOOK CLOUDED BY TEST OF PARIS ACCORD
+  The move by foreign exchange markets to
+  test the strength of the Paris currency accord has thrown into
+  question the near-term outlook for sterling, until recently one
+  of the main beneficiaries of the agreement, analysts said.
+      Since the six-nation accord last month, sterling has risen
+  sharply, adding almost five pct on its trade-weighted index.
+      While the accord effectively stifled dollar/yen and
+  dollar/mark movements, the markets turned their attention to
+  sterling as foreign investors rushed to take advantage of
+  relatively high U.K. Interest rates.
+      But analysts say the pound has been sidelined by the first
+  tentative test of the Paris accord seen yesterday.
+      The market now looks set sooner or later to push the dollar
+  down further in a test of the willingness of central banks to
+  intervene. Analysts say if the banks do not intervene
+  effectively, the Paris accord could collapse.
+      "On balance, sterling would be a net sufferer if G-6
+  collapses," Phillips and Drew analyst Stephen Lewis said.
+      He said sterling would lose out as markets turned their
+  attention to capital movements whereas previously they had been
+  restricted to looking only at the interest yield on currencies.
+      However, although most analysts and foreign exchange
+  dealers were forecasting a brief period of consolidation or
+  even retracement for sterling, none were expecting a very sharp
+  drop in the U.K. Currency.
+      Sterling remained supported by optimism on the U.K.
+  Political and economic outlook, firmer oil prices and
+  relatively high interest rates, they said.
+      Bullish sentiment on the U.K. Economic outlook has been
+  running especially high after last week's budget, seen as
+  popular both with the markets and with British voters.
+      Sterling was also supported by signs of a weakening in the
+  West German and Japanese economies, where growth for 1987 is
+  trailing behind the three pct forecast for the U.K.
+      Recent opinion polls showing Britain's ruling conservative
+  party ahead of opposition parties in popularity have also
+  supported the pound.
+      In addition, sterling has so far shrugged off two
+  half-point cuts in U.K. Bank base lending rates in less than
+  two weeks. A further half-point cut, widely expected in the
+  next week or so, has already been largely discounted.
+      U.K. Base rates, now running at 10 pct, are still
+  relatively high compared to other western countries, and
+  analysts said a further base rate cut to 9-1/2 pct was unlikely
+  to affect sterling.
+      Sterling today appeared resilient to the dollar's decline,
+  dropping only slightly on a cross-rate basis.
+      Worries about renewed turbulence in the foreign exchange
+  markets, however, were reflected in the U.K. Government bond
+  (gilt) market, where prices dropped by up to 5/16 point.
+      Until now foreign investor interest in the gilt market has
+  been one of the major reasons behind the rise in sterling.
+      Dealers said they expected the pound to hold quietly steady
+  for the next few days while the market awaits further
+  developments on the dollar and this Thursday's U.K. Current
+  account figures for February.
+      Market forecasts are for a deficit of around 250 mln stg
+  after January's small surplus.
+  
+
diff --git a/reuters/training/889 b/reuters/training/889
new file mode 100644
index 0000000000000000000000000000000000000000..007246b0a410295cb4bdbd363fcd8220e95cfc55
--- /dev/null
+++ b/reuters/training/889
@@ -0,0 +1,46 @@
+JAPAN'S UNEMPLOYMENT RATE SEEN RISING TO 3.5 PCT
+  Japan's unemployment rate is expected to
+  continue to climb to about 3.5 pct within the next year from
+  January's three pct record, senior economists, including Susumu
+  Taketomi of Industrial Bank of Japan, said.
+      December's 2.9 pct was the previous worst level since the
+  government's Management and Coordination Agency began compiling
+  statistics under its current system in 1953.
+      "There is a general fear that we will become a country with
+  high unemployment," said Takashi Kiuchi, senior economist for
+  the Long-Term Credit Bank of Japan Ltd.
+      The government, which published the January unemployment
+  figures today, did not make any predictions.
+      "At present we do not have a forecast for the unemployment
+  rate this year, but it is difficult to foresee the situation
+  improving," a Labour Ministry official said.
+      Finance Minister Kiichi Miyazawa said the government had
+  expected the increase and had set aside money to help 300,000
+  people find jobs in fiscal 1987 beginning in April.
+      Prime Minister Yasuhiro Nakasone told a press conference
+  the record rate underlines the need to pass the 1987 budget
+  which has been held up by opposition to proposed tax reforms.
+      The yen's surge has caused layoffs in the mainstay steel
+  and shipbuilding industries. Other export-dependent industries,
+  such as cars and textiles, have laid off part-time employees
+  and ceased hiring, economists said.
+      Although the growing service industry sector has absorbed a
+  great number of workers the trend is starting to slow down,
+  said Koichi Tsukihara, Deputy General Manager of Sumitomo Bank
+  Ltd's economics department.
+      However, other economists disagreed, saying the service
+  sector would be able to hire workers no longer needed by the
+  manufacturing sector over the next five years.
+      The economists said the service sector should grow as the
+  government stimulates domestic demand under its program to
+  transform the economy away from exports.
+      Although Japanese unemployment rates appear lower than
+  those of other industrialised nations, methods for calculating
+  statistics make them difficult to compare, economists warned.
+      "The three pct figure  could translate into a relatively
+  high figure if European methods were used," one economist said.
+  More than half of January's 170,000 increase in jobless from a
+  year earlier were those aged between 15 and 24, Sumitomo's
+  Tsukihara said.
+  
+
diff --git a/reuters/training/8890 b/reuters/training/8890
new file mode 100644
index 0000000000000000000000000000000000000000..62b3a674f438f299a5d4e4c61c2b91b336fef158
--- /dev/null
+++ b/reuters/training/8890
@@ -0,0 +1,15 @@
+PLENUM PUBLISHING CORP <PLEN> 4TH QTR NET
+  Shr 63 cts vs 45 cts
+      Net 3,623,067 vs 2,607,977
+      Gross income 10.1 mln vs 10.1 mln
+      Year
+      Shr 2.12 dlrs vs 1.74 dlrs
+      Net 12.2 mln vs 10.0 mln
+      Gross income 38.1 mln vs 36.8 mln
+      NOTE: Share adjusted for five-for-two stock split effective
+  yesterday.
+      Net includes gains on sale of securities pretax of
+  1,860,213 dlrs vs 392,975 dlrs in quarter 5,023,401 dlrs vs
+  3,223,008 dlrs in year.
+  
+
diff --git a/reuters/training/8892 b/reuters/training/8892
new file mode 100644
index 0000000000000000000000000000000000000000..a948ea6346bc9289de241781ff2735ea43fcb0c5
--- /dev/null
+++ b/reuters/training/8892
@@ -0,0 +1,15 @@
+HONEYBEE INC <HBE> 4TH QTR NET
+  Oper shr 11 cts vs five cts
+      Oper net 248,000 vs 122,000
+      Sales 7,269,000 vs 5,481,000
+      Year
+      Oper shr 55 cts vs 14 cts
+      Oper net 1,288,000 vs 333,000
+      Sales 26.2 mln vs 17.6 mln
+      NOTE: Net excludes discontinued operations nil vs gain
+  103,000 dlrs in quarter and losses 82,000 dlrs vs 50,000 dlrs
+  in year.
+      1986 year net excludes 133,000 dlr provision for loss on
+  disposal of discontinued operations.
+  
+
diff --git a/reuters/training/8893 b/reuters/training/8893
new file mode 100644
index 0000000000000000000000000000000000000000..64b2082e04fb7f86da6ba440b86d05a91c05ed2e
--- /dev/null
+++ b/reuters/training/8893
@@ -0,0 +1,13 @@
+SCIENTIFIC MEASUREMENT SYSTEMS INC <SCMS> NET
+  2nd qtr Jan 31
+      Shr loss three cts vs loss seven cts
+      Net loss 352,000 vs loss 568,000
+      Revs 636,000 vs 640,000
+      Avg shrs 12.7 mln vs 8,377,000
+      1st half
+      Shr loss six cts vs loss 10 cts
+      Net loss 594,000 vs loss 865,000
+      Revs 1,245,000 vs 1,063,000
+      Avg shrs 10.5 mln vs 8,333,000
+  
+
diff --git a/reuters/training/8895 b/reuters/training/8895
new file mode 100644
index 0000000000000000000000000000000000000000..59cede73c23ba3b50f5bbed4711ec231ad376ce5
--- /dev/null
+++ b/reuters/training/8895
@@ -0,0 +1,19 @@
+EC MEMBER STATES COOL ON CEREAL PLANS
+  European Community (EC) member states
+  have generally given a cool initial reaction to proposals by
+  the European Commission for cereal price changes and related
+  measures in the coming season, EC diplomats said.
+      They said that in meetings of the EC Special Committee on
+  Agriculture representatives of most member states had said the
+  changes, taken together, would have too harsh an impact on
+  farmers' incomes.
+      Only Britain and the Netherlands had shown willingness to
+  accept the commission's overall package, they said.
+      As well as cuts of over two pct in common prices for most
+  cereals, the commission proposes a limitation of intervention
+  to the February to March period and reduced monthly increments
+  in intervention prices.
+      EC Farm Ministers will have a first discussion of the
+  proposals at a meeting beginning next Monday.
+  
+
diff --git a/reuters/training/8898 b/reuters/training/8898
new file mode 100644
index 0000000000000000000000000000000000000000..3f28349b430b0493d9e20ea2df62f6242cc340c7
--- /dev/null
+++ b/reuters/training/8898
@@ -0,0 +1,6 @@
+PUBLIC SERVICE CO OF COLORADO <PSR> IN PAYOUT
+  Qtly div 50 cts vs 50 cts prior
+      Pay May One
+      Record April 10
+  
+
diff --git a/reuters/training/8899 b/reuters/training/8899
new file mode 100644
index 0000000000000000000000000000000000000000..cca9ea4568f13ecc047fb80dae5f876f992c73b8
--- /dev/null
+++ b/reuters/training/8899
@@ -0,0 +1,12 @@
+CORRECTED - MANHATTAN NATIONAL CORP <MLC> 4TH
+  Oper shr loss 20 cts vs loss 81 cts
+      Oper net loss 1,042,000 vs loss 4,077,000
+      Revs 38.5 mln vs 50.3 mln
+      12 mths
+      Oper shr loss six cts vs loss 43 cts
+      Oper net loss 336,000 vs loss 2,176,000
+      Revs 137.8 mln vs 209.1 mln
+      NOTE: In item moved March 23, company corrects its error to
+  show loss for current 12 mths and qtr, not profit.
+  
+
diff --git a/reuters/training/89 b/reuters/training/89
new file mode 100644
index 0000000000000000000000000000000000000000..c62df30076eed7b5d4cad14db0d7fba6ff5f59e9
--- /dev/null
+++ b/reuters/training/89
@@ -0,0 +1,6 @@
+SYSTEMATICS INC <SYST> REGULAR PAYOUT
+  Qtly div three cts vs three cts prior
+      Pay March 13
+      Record February 27
+  
+
diff --git a/reuters/training/890 b/reuters/training/890
new file mode 100644
index 0000000000000000000000000000000000000000..19030c0ee0d29b47013e88449bff5cc84bf17738
--- /dev/null
+++ b/reuters/training/890
@@ -0,0 +1,11 @@
+SOUTH KOREAN TRADE SURPLUS NARROWS IN FEBRUARY
+  South Korea's customs-cleared trade
+  surplus narrowed to 110 mln dlrs in February from 525 mln in
+  January, provisional trade ministry figures show.
+      In February 1986 there was a deficit of 264 mln dlrs.
+      February exports rose to 2.87 billion dlrs, fob, from 2.83
+  billion in January and 2.30 billion in February 1986. CIF
+  imports were 2.76 billion against 2.31 billion in January and
+  2.57 billion in February last year.
+  
+
diff --git a/reuters/training/8902 b/reuters/training/8902
new file mode 100644
index 0000000000000000000000000000000000000000..f51617508a7d2f82851f2f2dc7c8605e6a0b0e4d
--- /dev/null
+++ b/reuters/training/8902
@@ -0,0 +1,40 @@
+STANDARD CHARTERED BOOSTED BAD-DEBT PROVISIONS
+  Standard Chartered Plc <STCH.L>, faced
+  with a recession in the key Singapore and Malaysian markets and
+  an ongoing depression in the shipping industry, boosted its
+  bad-debt provisions in 1986, chairman Lord Barber said.
+      Barber said in a statement on the bank's 1986 results that
+  bad and doubtful debt provisions, both general and specific,
+  stood at 545.6 mln stg against 416.6 mln at end-1985.
+      Bank figures showed the increase was almost exclusively in
+  the specific bad risk provision, which qualifies for U.K. Tax
+  breaks. New specific provisions rose by 111.5 mln stg while
+  71.2 mln stg were reallocated from the general risk provision.
+      In all, a 184.2 mln stg charge was made against profits for
+  1986, compared with a 100.7 mln stg charge in 1985. Total
+  pre-tax profits fell to 254 mln after 268 mln in 1985.
+      "The continuing serious recessionary conditions in Singapore
+  and Malaysia and the depressed condition of the shipping
+  industry made it necessary to provide heavily against bad and
+  doubtful debs arising from loans in the Asia Pacific region, on
+  top of the normal level of provisioning," Barber said.
+      He said, "the decision was also taken to build up loan loss
+  reeserves by making a sizeable increase in the charges for
+  general provisions for commercial and cross border risks."
+      Barber said due to bad-debt provisioning, the Asia Pacific
+  region made "a negligible contribution to pre-tax profits."
+      He said the profits contribution from the U.K. Businesses
+  was "well maintained, although the reported result was affected
+  by cross border debt provisioning," while Californian subsidiary
+  Union Bank "showed continued growth."
+      "Tropical Africa, Middle East and South Asia all turned in
+  excellent performances and the revival in Europe continued," he
+  said.
+      Barber said the group, which succesfully fought off a
+  takeover bid by Lloyds Bank <LLOY.L> last year, strengthened
+  its capital resources during that year to just over three
+  billion stg, while total assets increased to 32.2 billion.
+      Capital adequacy ratios remained strong, with the primary
+  capital ratio standing at 7.5 pct at end 1986, he said.
+  
+
diff --git a/reuters/training/8903 b/reuters/training/8903
new file mode 100644
index 0000000000000000000000000000000000000000..32c80e289349f97c7844ea92612d584e82feea20
--- /dev/null
+++ b/reuters/training/8903
@@ -0,0 +1,20 @@
+COLOMBIA COFFEE REVENUE SHARPLY DOWN IN JAN/FEB
+  Colombia's coffee export revenue dropped
+  97 mln dlrs to 233.6 mln dlrs for the first two months of the
+  year against 330.9 mln dlrs in the similar period of 1986,
+  central bank preliminary figures show.
+      Experts attributed the fall to lower world market prices
+  following the failure to re-introduce international coffee
+  export quotas, but they said Colombia could compensate the drop
+  with higher exports in calendar 1987.
+      Coffee export revenue for 1986 was 2.33 billion dlrs,
+  according to the bank.
+      Jorge Cardenas, manager of the National Coffee Growers'
+  Federation, last week estimated the recent drop of 30 cents a
+  lb in coffee prices would mean a net loss revenue of 457 mln
+  dlrs for Colombia.
+      But he stressed that Colombia, with stockpiles of 10 mln
+  (60-kg) bags, had the capacity to export more and would use a
+  recently-introduced more flexible marketing policy to do so.
+  
+
diff --git a/reuters/training/8905 b/reuters/training/8905
new file mode 100644
index 0000000000000000000000000000000000000000..530e5c9dbca82bc9be193ab76da4b412ac0321f1
--- /dev/null
+++ b/reuters/training/8905
@@ -0,0 +1,13 @@
+STE FRANCAISE DES PETROLES BP <PBPF.PA> 1986 YEAR
+  Net result breakeven (no profit or loss) vs breakeven
+      Operating loss 836 mln francs vs 654 mln
+      Net turnover 12.70 billion francs vs 24.34 billion
+      Sales of petroleum products 9.7 mln tonnes vs 10.6 mln
+      Note - Company said in a statement 1986 results were
+  affected by the sharp fall in crude oil prices. Net result
+  included an extraordinary recovery of 731 mln francs from
+  provisions for currency fluctuations and 361 mln francs in
+  depreciation of fixed assets. Company is a subsidiary of The
+  British Petroleum Co Plc <BP.L>.
+  
+
diff --git a/reuters/training/8906 b/reuters/training/8906
new file mode 100644
index 0000000000000000000000000000000000000000..a02463b758335e330e1793ff23ad21c647353bed
--- /dev/null
+++ b/reuters/training/8906
@@ -0,0 +1,23 @@
+OLIVETTI DOES NOT EXCLUDE STAKE IN SGS-THOMSON
+  Ing C Olivetti EC SpA <OLIV.M> does not
+  exclude the possibility of investing in a semiconductor venture
+  currently under discussion between Italy's <STET - Societa
+  Finanziaria Telefonica P.A.> and France's Thomson-CSF
+  <TCSF.PA>, an Olivetti spokesman said.
+      He said that if Olivetti were approached by the two
+  partners involved and the financial conditions of any proposal
+  were considered interesting, the company did not exclude the
+  possibility of investing in the venture. However, Olivetti had
+  made no decision on any such investment and did not have at its
+  disposal information to evaluate such a move.
+       Stet and Thomson said last Thursday they were negotiating
+  an accord involving their respective subsidiaries <SGS
+  Microelettronica SpA> and <Thomson Semiconducteurs> in the
+  civil semiconductor field.
+      They said the accord, once concluded, would be put for
+  approval to the French and Italian authorities.
+      The Olivetti spokesman was responding to a Reuters query
+  about Italian press reports today saying that Olivetti might
+  participate in the venture with a two pct stake.
+  
+
diff --git a/reuters/training/8908 b/reuters/training/8908
new file mode 100644
index 0000000000000000000000000000000000000000..a9d2357fcb3650acbe969c7ac38951dea10a52c1
--- /dev/null
+++ b/reuters/training/8908
@@ -0,0 +1,6 @@
+ENSERCH CORP <ENS> SETS QUARTERLY
+  Qtly div 20 cts vs 20 cts prior
+      Pay June One
+      Record May 15
+  
+
diff --git a/reuters/training/8909 b/reuters/training/8909
new file mode 100644
index 0000000000000000000000000000000000000000..d35fd673ff7faa6c4882c91a8b5812d80e4cb7a5
--- /dev/null
+++ b/reuters/training/8909
@@ -0,0 +1,12 @@
+NESTLE TO ACQUIRE NABISCO CANADA BUSINESSES
+  Swiss-based <Nestle S.A.>'s Nestle
+  Enterprises Ltd unit said it signed a letter of intent to
+  acquire <Nabisco Brands Ltd>'s Club, Melrose, Dickson and Chase
+  and Sanborn businesses for undisclosed terms.
+      Nestle said the final agreement, subject to required
+  approvals, would be signed shortly.
+      The businesses involved in the deal provide products to
+  hotels, restaurants and other parts of the food and beverage
+  industry. Nabisco is 80 pct-owned by RJR Nabisco Inc <RJR>.
+  
+
diff --git a/reuters/training/8911 b/reuters/training/8911
new file mode 100644
index 0000000000000000000000000000000000000000..c16229dd1b5b294275ff98b6e46ee31a74682d0a
--- /dev/null
+++ b/reuters/training/8911
@@ -0,0 +1,5 @@
+FED'S HELLER SAYS HE WANTS TO SEE STRONGER JAPANESE DEMAND FOR AMERICAN GOODS
+
+  FED'S HELLER SAYS HE WANTS TO SEE STRONGER JAPANESE DEMAND FOR AMERICAN GOODS
+  
+
diff --git a/reuters/training/8912 b/reuters/training/8912
new file mode 100644
index 0000000000000000000000000000000000000000..414a954a60e1520ec63e33c7b9f1eed4e27c9a93
--- /dev/null
+++ b/reuters/training/8912
@@ -0,0 +1,6 @@
+METROPOLITAN FINANCIAL CORP <MFC> VOTES PAYOUT
+  Qtly div 11 cts vs 11 cts prior qtr
+      Pay 30 April
+      Record 15 April
+  
+
diff --git a/reuters/training/8914 b/reuters/training/8914
new file mode 100644
index 0000000000000000000000000000000000000000..8d609be6a9d9f5dbe2245a40e96f90438c03ad15
--- /dev/null
+++ b/reuters/training/8914
@@ -0,0 +1,14 @@
+GOODYEAR <GT> UNIT TO START UP PIPELINE
+  Goodyear Tire and Rubber Co said the All
+  American Pipeline of its Celeron Corp subsidiary will start
+  line fill activities on March 30 as it begins operating.
+      The company said about five mln barrels of oil will be
+  required to pack the completed segment of the line, which runs
+  1,225 miles from near Santa Barbara, Calif., to existing
+  pipeline connections in West Texas.  Construction has also
+  staqrted this week on a 43-mile, 16-inch diameter gathering
+  line to deliver 75,000 to 100,000 barrels a day of oil from the
+  San Joaquin Valley in California.  The 30-inch main underground
+  line can transport over 300,000 barrels daily.
+  
+
diff --git a/reuters/training/8915 b/reuters/training/8915
new file mode 100644
index 0000000000000000000000000000000000000000..171196d28700c46ae6db9cf88f80d3e624a6eb18
--- /dev/null
+++ b/reuters/training/8915
@@ -0,0 +1,10 @@
+MICROSIZE INC <MSIZ> 2ND QTR ENDS FEB 28 NET
+  Shr profit one cent vs loss 2.6 cts
+      Net profit 59,198 vs loss 132,702
+      Revs 634,616 vs 485,730
+      six mths
+      Shr profit one cent vs loss four cts
+      Net profit 49,669 vs loss 208,278
+      Revs 1,056,452 vs 944,330
+  
+
diff --git a/reuters/training/8916 b/reuters/training/8916
new file mode 100644
index 0000000000000000000000000000000000000000..1c6e87bf236975b3915e61fd7799c08a0e20de37
--- /dev/null
+++ b/reuters/training/8916
@@ -0,0 +1,13 @@
+<PAUL'S PLACE INC> CONTROL CHANGES
+  Paul's Place Inc said chairman,
+  president and treasurer Paul D. Lambert has sold 240 mln common
+  shares to other board members, advisory board members Alan H.
+  Marcove and Gerald M. Marcove and an unaffiliated purchaser it
+  did not name.
+      Terms were not disclosed.
+      The company said Alan Marvoce has been named to replace
+  Lambert as chairman and chief executive officer and Michael T.
+  Fuller has been named president.
+      Fuller was formerly president of <Mr. Steak Inc>.
+  
+
diff --git a/reuters/training/8918 b/reuters/training/8918
new file mode 100644
index 0000000000000000000000000000000000000000..b118162ccb7da18b3594a0fbf9d257c15bb23dbf
--- /dev/null
+++ b/reuters/training/8918
@@ -0,0 +1,5 @@
+CYACQ AMENDS CYCLOPS OFFER CONDITIONS, SAYS CITICORP EXPANDS FINANCING 
+
+  CYACQ AMENDS CYCLOPS OFFER CONDITIONS, SAYS CITICORP EXPANDS FINANCING 
+  
+
diff --git a/reuters/training/8919 b/reuters/training/8919
new file mode 100644
index 0000000000000000000000000000000000000000..3bec24c6932ad77a2ccd076b512ad3ffa7be2d0c
--- /dev/null
+++ b/reuters/training/8919
@@ -0,0 +1,8 @@
+GORDON JEWELRY <GOR> COMPLETES SALE OF UNIT
+  Gordon Jewelry Corp said it has
+  completed the previously-announced sale of the assets of its
+  catalog showroom stores to privately-held Carlisle Capital Corp
+  for an undisclosed amount of cash and notes in excess of book
+  value.
+  
+
diff --git a/reuters/training/8922 b/reuters/training/8922
new file mode 100644
index 0000000000000000000000000000000000000000..1260c56187da3e3f6674ffec915c22d63ae116a7
--- /dev/null
+++ b/reuters/training/8922
@@ -0,0 +1,18 @@
+FED'S HELLER URGES JAPANESE TO BUY U.S. GOODS
+  A member of the Federal Reserve
+  Board, Robert Heller, said he wanted to see stronger Japanese
+  demand for American goods.
+      "What I was advocating here was more Japanese purchases of
+  American goods," Heller said in response to a question about the
+  dollar's weakness in currency markets.
+      He told a Heritage Foundation forum, "I'd be very happy to
+  see that."
+      In his formal remarks, Heller said he supported the idea of
+  using commodity prices as an indicator for monetary policy.
+      Asked if he would raise the issue at the next Federal Open
+  Market Committee meeting, he said, "Even at previous meetings
+  commodity prices were raised."
+      He added, "I would not expect future meetings to be
+  different from past meetings in that respect."
+  
+
diff --git a/reuters/training/8925 b/reuters/training/8925
new file mode 100644
index 0000000000000000000000000000000000000000..89e81982946c54be3e9ffa45a3f8bf592446d738
--- /dev/null
+++ b/reuters/training/8925
@@ -0,0 +1,10 @@
+TAJON RANCH CO <TRC> 4TH QTR NET
+  Shr five cts vs nine cts
+      Net 560,000 vs 1,247,000
+      Revs 7,597,000 vs 4,619,000
+      Year
+      Shr ten cts vs 17 cts
+      Net 1,225,000 vs 2,161,000
+      Revs 26.5 mln vs 23.3 mln
+  
+
diff --git a/reuters/training/8928 b/reuters/training/8928
new file mode 100644
index 0000000000000000000000000000000000000000..7d42016c70e2d3853d1cbb4491479909afd67ae1
--- /dev/null
+++ b/reuters/training/8928
@@ -0,0 +1,6 @@
+CENTERIOR ENERGY CORP <CX> SETS QUARTERLY
+  Qtly div 64 cts vs 64 cts prior
+      Pay May 15
+      Record April 16
+  
+
diff --git a/reuters/training/8930 b/reuters/training/8930
new file mode 100644
index 0000000000000000000000000000000000000000..e861224abd341b13d9af00a2ab042472e2c06cae
--- /dev/null
+++ b/reuters/training/8930
@@ -0,0 +1,6 @@
+SUFFIELD FINANCIAL CORP <SFCP> RAISES QUARTERLY
+  Qtly div five cts vs three cts prior
+      Pay April 10
+      Record March 31
+  
+
diff --git a/reuters/training/8932 b/reuters/training/8932
new file mode 100644
index 0000000000000000000000000000000000000000..c0a80d0da4f35895f3b30027a9fdcb14dad94f42
--- /dev/null
+++ b/reuters/training/8932
@@ -0,0 +1,51 @@
+CYACQ CUTS CONDITIONS ON CYCLOPS <CYL> BID
+  Cyacq Corp, an investor group bidding
+  for Cyclops Corp, said it amended its outstanding 92.50 dlrs a
+  share tender offer for Cyclops to eliminate two conditions and
+  modify a third one.
+      The group, which includes Audio/Video Affiliates Inc and a
+  unit of Citicorp <CCI>, said it also obtained additional
+  financing commitments, including an increased commitment from
+  Citicorp Capital Investors Ltd.
+      The conditions that were eliminated are Cyacq's request for
+  non-public information about Cyclops that was previously
+  provided to Dixons Group PLC and Cyacq's being satisified that
+  the information provides an adequate basis for Cyclop's
+  published financial projections.
+      Cyclops has agreed to be acquired Dixons Group, which has a
+  90.25 dlrs a share tender offer for Cyclops outstanding. Dixons
+  said earlier it would allow the offer to expire tonight.
+      The condition that was modified, which required Cyacq to be
+  satisfied that break up fees or other obligations to Dixons
+  were rescinded or ineffective, now says Cyclops shall not have
+  paid any such fees or expenses to Dixons prior to the
+  consummation of Cyacq's offer.
+      Cyacq's amended offer expires midnight New York time on
+  April three, 1987, unless extended.
+      Manufacturers Hanover Trust Co and CIT Group/Business
+  Credit Inc increased its tender offer commitment to 197 mln
+  dlrs from 166 mln dlrs and its merger commitment to 275 mln
+  dlrs from 250 mln dlrs.
+      Additionally, the Citicorp unit and Audio/Video have
+  increased their commitments to Cyacq to 185 mln dlrs. Of the
+  new total, 150 mln dlrs has been committed by Citicorp.
+      Cyacq said it estimates that it needs 407.5 mln dlrs to buy
+  all Cyclops shares that may be tendered and pay related fees
+  and expenses.
+      It said it is seeking to arrange the balance of about 25.5
+  mln dlrs necessary to complete the offer.
+      All previously announced conditions regarding the lending
+  group led by Manufacturers Hanover remain in effect, except
+  that the loans are subject to the concurrent receipt by Cyacq
+  of equity contributions and other financing of not less than
+  210.5 mln dlrs for the tender offer facility and 213.5 mln dlrs
+  for the merger facility.
+      Cyacq also said the Citicorp unit had received no
+  indications of interest in an alternative offer it had made
+  from Dixons, Cyclops or Alleghany Corp <Y>, which has agreed to
+  acquire Cyclops' industrial group from Dixons.
+      Under the alternative offer, the Citicorp unit, with
+  Cyacq's approval, proposed to acquire the industrial group from
+  Dixons.
+  
+
diff --git a/reuters/training/8933 b/reuters/training/8933
new file mode 100644
index 0000000000000000000000000000000000000000..1bb6b916e808e0ab3462b256b58b342cd6c3932f
--- /dev/null
+++ b/reuters/training/8933
@@ -0,0 +1,26 @@
+TIN PACT EXTENSION LIKELY - ITC DELEGATES
+  An extension of the sixth International
+  Tin Agreement, ITA, for one or two years beyond June 30 is
+  increasingly likely, International Tin Council, ITC, delegates
+  said following a special council session today.
+      A formal decision will be taken at the quarterly council
+  session on April 8-9 when decisions are needed on the budget
+  and activities for the year beginning July one, they stated.
+      Delegates said most countries now favour a continued legal
+  ITC presence to answer the still unresolved legal disputes over
+  the outstanding debts of its buffer stock with court hearings
+  likely to continue well after the June 30 expiry of the pact.
+      The ITC was informally told of the appeal made yesterday by
+  Amalgamated Metal Trading Ltd, AMT, against the January court
+  ruling against it in the legal bid it led on behalf of ITC
+  creditor brokers to have the ITC wound up.
+      In January the judge ruled that the U.K. Court had no
+  jurisdiction to wind up the tin council, the ITC was not an
+  association within the meaning of the U.K. Companies act, and
+  the winding-up petition was not a proceeding in respect in
+  respect of an arbitration award.
+      AMT is appealing on all points and has said it is important
+  for the court to accept that a winding-up petition is a move to
+  enforce an arbitration ruling.
+  
+
diff --git a/reuters/training/8935 b/reuters/training/8935
new file mode 100644
index 0000000000000000000000000000000000000000..dd72d7bc68ec3783b1be65c1235a09500ce1e07c
--- /dev/null
+++ b/reuters/training/8935
@@ -0,0 +1,12 @@
+SIGMA RESEARCH ONC <SIGR> 2ND QTR DEC 31 LOSS
+  Shr loss 27 cts vs profit one ct
+      Net loss 532,376 vs profit 15,584
+      Revs 1,899,719 vs 2,432,256
+      Six mths
+      Shr loss 78 cts vs profit two cts
+      Net loss 1,521,002 vs profit 30,145
+      Revs 3,235,907 vs 5,276,119
+      Note: year ago net includes gain from tax carryforwards of
+  5,000 dlrs in quarter and 9,000 dlrs in year.
+  
+
diff --git a/reuters/training/894 b/reuters/training/894
new file mode 100644
index 0000000000000000000000000000000000000000..a47f987c6b24167e7395512dd6802c6a67f81227
--- /dev/null
+++ b/reuters/training/894
@@ -0,0 +1,36 @@
+JAPAN MOVES TO TIGHTEN CHIP-EXPORT CURBS
+  The Ministry of International Trade and
+  Industry (MITI) acted to tighten restrictions on microchip
+  exports to countries other than the U.S. To preserve a
+  U.S.-Japan pact on semiconductor trade, but major Japanese
+  chipmakers doubt its usefulness.
+      A MITI spokesman said his ministry had asked chipmakers to
+  issue certificates to specified trading houses stating they are
+  authorised exporters.
+      Trading houses applying for a MITI export licence will be
+  required to show such a certificate, but those without it will
+  not automatically be denied licences, he said.
+      But some industry officials predicted any government
+  measures were likely to have limited effect as long as the
+  world semiconductor market remained weak.
+      U.S. Government and industry officials have complained
+  repeatedly that Japanese chipmakers continue to sell at below
+  cost to third countries despite the July agreement.
+      Japanese firms and officials in turn argue the flow of
+  cheap chips to third countries is due to grey-market sales by
+  third-party brokers, who seek to profit from the gap between
+  low prices in Japan and higher prices based on production costs
+  and set for Japanese makers under the agreement.
+      The MITI spokesman said, "If the percentage of grey market
+  is increasing for one specific company, it suggests they are
+  distributing their products through their sales network knowing
+  they will be exported by some means. In that case we will ask
+  them what they are doing to reduce the figure."
+      MITI earlier asked makers to cut output of certain chips by
+  10 pct in first-quarter 1987, spokesmen for the firms said.
+      But they doubt the usefulness of the latest move. "As long
+  as there is a gap between prices set under the pact and market
+  prices, there will be people who want to exploit the gap to
+  make money," a Hitachi Ltd <HIT.T> spokesman said.
+  
+
diff --git a/reuters/training/8940 b/reuters/training/8940
new file mode 100644
index 0000000000000000000000000000000000000000..b7db92bff151ed33d874ae96bd9da2d2e0f4c320
--- /dev/null
+++ b/reuters/training/8940
@@ -0,0 +1,41 @@
+KODAK <EK> TO CUT POLYESTER FIBER OPERATIONS
+  Eastman Kodak Co said it will
+  reduce capacity and employment levels in two polyester fiber
+  operations of its Eastman Chemicals division.
+      A company spokesman said the company will take "some
+  writeoff" in connection with the action in the first quarter
+  and there will probably be a further "carryover" writeoff in
+  the second quarter.  The writeoffs will cover the costs of
+  plants and equipment involved, as well as expenses connected
+  with the staff cuts.
+      Kodak said the division will discontinue production of
+  polyester partially-oriented filament yarn, or POY, at its
+  Carolina Eastman Co plant in Columbia, S.C., and will idle 100
+  mln pounds of older polyester staple fiber production capacity,
+  mostly in Columbia.
+      The company said about 350 jobs will be affected in
+  Columbia, most of which are now performed by contract workers,
+  and about 225 jobs at its Tennessee Eastman Co plant in
+  Kingsport, Tenn.
+      Kodak said part of the staff reduction will be achieved
+  through an enhanced voluntary separation and retirement plan
+  for employees of Carolina Eastman, Eastman Chemical Products
+  Inc and other Kodak units in Kingsport, except Holsten Defense
+  Corp. Most of the workforce reduction is expected to be
+  completed by April 30.
+      Kodak said depressed prices and poor financial performance
+  have led to the decision. It said about 50 mln pounds of POY
+  production will be shut down as a result of its exit from the
+  business. All Kodak POY production has been at Carolina Eastman
+  since last year.
+      The company said annual capacity for production of Kodel
+  polyester staple fiber will be reduced to 400 mln pounds from
+  500 mln due to lesser demand.
+      It said it will proceed with a previous decision to phase
+  in a new 100 mln pound staple fiber plant at Carolina Eastman.
+      Carolina Eastman employs about 1,350 and the Kingsport
+  units affected about 10,800.
+      The company spokesman later said the charges will be
+  insignificant and will have no impact on earnings estimates.
+  
+
diff --git a/reuters/training/8941 b/reuters/training/8941
new file mode 100644
index 0000000000000000000000000000000000000000..680c20ec77c1f45ae7e23628fc9d706f2f33028e
--- /dev/null
+++ b/reuters/training/8941
@@ -0,0 +1,28 @@
+HEAVY SIGNUP SEEN IN 1987 CORN PROGRAM - USDA
+  With less than a week remaining to
+  enroll in the 1987 feedgrains program, Agriculture Department
+  officials said that final signup will probably exceed last
+  year's level of 85 pct.
+      Enrollment in USDA's basic acreage reduction program will
+  likely total close to 90 pct, Agricultural Stabilization and
+  Conservation Service, ASCS, officials said, with 50 to 70 pct
+  of the enrolling farmers also expected to sign up for the paid
+  land diversion program.
+      The signup period of the 1987 feedgrains program officially
+  ends at the close of the business day on March 30.
+      USDA will release its official signup report around April
+  15, an official said.
+      USDA personnel in the corn belt states of Iowa, Illinois,
+  and Indiana have been reporting heavy signup activity, an ASCS
+  official told Reuters.
+      A surge of acitivity is expected during this final week of
+  signup, the official said.
+      "A lot of farmers have been dragging their feet because
+  they were anticipating some changes in the program, but that
+  doesn't look very likely now," he said.
+      To enroll in the 1987 feedgrains program, farmers have to
+  set aside 20 pct of the program acreage base, and have the
+  option to idle an additional 15 pct under a paid land diversion
+  program.
+  
+
diff --git a/reuters/training/8943 b/reuters/training/8943
new file mode 100644
index 0000000000000000000000000000000000000000..59cf8495aa2df0a93af8c7a9d68a2fa27fea520c
--- /dev/null
+++ b/reuters/training/8943
@@ -0,0 +1,100 @@
+ILLINOIS CO-OP FUTURES DISSOLUTION VOTE SET
+  The shareholders of Illinois
+  Cooperative Futures Co., the futures trading arm of many
+  Midwest farm cooperatives for more than 25 years, will vote
+  Wednesday on its possible dissolution.
+      The directors of the company called a special meeting and
+  recommended its dissolution last month, citing falling volume
+  and increasing costs.
+      Sources close to the organization told Reuters the pullout
+  of Growmark, Inc., which holds more than 70 pct of the capital
+  stock, led to the call for dissolution.
+      The possible demise of the cooperative has set clearing
+  houses scrambling for the trading business of the 85 regional
+  and local cooperatives that comprise its membership.
+      Ironically, it was Growmark, at that time a regional farm
+  cooperative with major river terminal elevators, that founded
+  Illinois Cooperative Futures on December 1, 1960.
+      But Growmark became affiliated last year with Archer
+  Daniels Midland of Decatur, Ill., and markets its grain through
+  a joint subsidiary of the two companies, ADM/Growmark.
+      With that relationship, Growmark no longer needs to trade
+  futures through the cooperative, said Tom Mulligan, president
+  of the co-op.
+      Membership in the company, which Mulligan termed a
+  cooperative of cooperatives, has declined from 99 in 1982. A
+  notable loss was AgriIndustries of Iowa, which became
+  affiliated with Cargill, Inc.
+      Illinois Co-op's other members include such regional
+  cooperatives as Indiana Grain, based in Indianapolis, Goldkist,
+  of Atlanta, Ga., Midstates in Toledo, Ohio, Farmland Industries
+  in Kansas City, Mo., Farmers Commodities, Des Moines, and
+  Harvest States in Minneapolis.
+      Some observors said the demise of Illinois Cooperative
+  Futures Co. is a serious blow to the cooperative system.
+      Instead of banding together, the individual cooperatives
+  are forced to go their own ways, said the floor manager of one
+  cash house at the Chicago Board of Trade.
+      Such a move would destroy the cohesiveness that gives farm
+  cooperatives an advantage in the market at a time that a few
+  major commercial companies are growing dominant, he said.
+      Don Hanes, vice president for communications with the
+  National Council of Farm Cooperatives, said 5,600 cooperatives
+  exist today, down from 6,700 five years ago.
+      "The period we've gone through in the past five years has
+  been quite a crunch," he said. "There's been a lot of
+  consolidation in the marketing co-ops."
+      One problem, he said, is the co-ops sell the grain to the
+  major commercials for export, rather than exporting it
+  themselves, losing potential profits.
+      But exporting grain requires heavy investments, and the
+  multi-million-dollar loss posted six years ago by Farmers
+  Export Co., a co-op set up to export grains, served "to make
+  folks gun-shy," Hanes said.
+      Mulligan said he believes the dissolution, if it is
+  approved, is a result of change in the futures industry rather
+  than a change in U.S. agricultural economics.
+      A grain dealer at one member co-op said the futures arm
+  "was a convenience, something that saved us a little bit of
+  money. (Its dissolution) will force us to change our way of
+  doing business."
+      "We're sorry to see the co-op go by the wayside," he said.
+  "But there are lot of people out there to do business with.
+  There are plenty of capable firms."
+      Steven W. Cavanaugh, vice president for grain marketing
+  with Indiana Grain, said he would prefer to trade futures
+  through a Chicago-based cooperative.
+      "In terms of clearing our business as a unit as opposed to
+  individuals, there would be economic savings," he said but
+  added, "The times change and with changing times, come
+  different opinions of what businesses ought to be around."
+      Cavanaugh said the possible demise of the futures arm had
+  nothing to do with its profitability. "I would guarantee you
+  that this company is not in trouble. It is a sound, healthy
+  organization."
+      In the year ended February 28, 1986, the Illinois
+  Cooperative reported income of 10.2 mln dlrs and members'
+  equity, or net worth, of 8.3 mln dlrs. The annual report for
+  the most recent year has not been filed.
+      Under the cooperative system, income from operations is
+  returned as "patronage refunds" to the members.
+      Income and refunds in the past five years have been
+  declining. In the year ended February 28, 1982, the co-op
+  reported income of 17.4 mln dlrs and patronage refunds of 17.0
+  mln dlrs. Patronage refunds in the year ended February 28,
+  1986, totalled 9.5 mln dlrs.
+      "You're dealing with substantially lower volume," Mulligan
+  said. "Lower volume translates into higher costs."
+      According to the company's 1986 annual report, Growmark
+  owns 90 pct of the preferred shares and four pct of the common
+  shares of Illinois Cooperative Futures Co.
+      Mulligan declined to speculate on how much of the capital
+  Growmark is entitled to. He said he could not determine the
+  figure unless the shareholders decide in favor of dissolution.
+  Equity is distributed according to each member's trading volume
+  and, as a result, changes from year to year.
+      However, Mulligan said the company could continue to meet
+  minimum capital requirements to trade futures even if Growmark
+  pulled out.
+  
+
diff --git a/reuters/training/8944 b/reuters/training/8944
new file mode 100644
index 0000000000000000000000000000000000000000..356cb74784a53662f92344844dd620f91e2b5a6e
--- /dev/null
+++ b/reuters/training/8944
@@ -0,0 +1,43 @@
+CONRAC <CAX> SOARS FOLLOWING MARK IV <IV> BID
+  Heavy buying by speculators boosted
+  Conrac Corp 7-7/8 to 29, higher than a 25-dlr-per-share cash
+  tender offer announced by Mark IV Industries Inc <IV>.
+      "It's a case of ChemLawn euphoria," said one arbitrageur,
+  referring to a recent hostile tender that began at 27 dlrs per
+  share and ended when ChemLawn Corp <CHEM> found a white knight
+  willing to bid 36.50 dlrs.
+      For Conrac, the arbitrageur said, 28 dlrs per share seemed
+  like an "appropriate price." Another said "it's too early to
+  project the outcome."
+      "The market is speaking for itself and saying the 25 dlr
+  offer is inadequate," the second arbitrageur said. But he added
+  it was hard to make a case for Conrac being worth much more
+  than the 29 dlrs where the shares traded today.
+      He noted the stock recently sold in the high teens and
+  there could be a downward risk of 10 dlrs or more if Conrac is
+  able to thwart Mark IV.
+      Conrac urged shareholders to take no action while its board
+  studies the offer and confers with advisers. Conrac said it
+  would make a recommendation by April 17.
+      A third arbitrageur noted Mark IV had been involved in
+  several takeovers previously and has proven itself to be a
+  determined bidder. "They're not beginners," he said.
+      Another said Conrac might have trouble if it tried to find
+  another buyer. "It's a hodge-podge of non-related businesses,"
+  he said. "There is only a small universe of people who would
+  want to own the company as it's presently structured."
+      Conrac is involved in video displays, computer software,
+  aircraft instruments, telephone answering machines, welding
+  equipment and other products.
+      "I'm telling retail clients to sell and leave the rest for
+  those who can take the risk," said Rudolph Hokanson, analyst at
+  Milwaukee Co.
+      He called the 25-dlr offer by Mark IV "fair value but on
+  the low side." "I don't think management was looking for a
+  buyer in any way before this offer," he said.
+      Hokanson said Conrac has conservative finances and has
+  developed a reputation for quality products that serve niche
+  markets. He said management has done a good job of turning
+  around the telephone answering machine business.
+  
+
diff --git a/reuters/training/8945 b/reuters/training/8945
new file mode 100644
index 0000000000000000000000000000000000000000..c93118cbae739e7fe81f91850eca77e1a76cc7e1
--- /dev/null
+++ b/reuters/training/8945
@@ -0,0 +1,17 @@
+LASER PHOTONICS <LAZR> SELLS COMMON SHARES
+  Laser Photonics Inc said it sold
+  615,385 shares of its common stock to investors for one mln
+  dlrs under a previously-announced agreement.
+      In connection with the investment, the company said it will
+  restructure its board. There will be eight members, three of
+  whom were designated by the new investors, the company said.
+  The group of investors include affiliates of <Radix
+  Organization Inc>, the company said.
+      Richard Gluch Jr resigned from the board. Joining the board
+  were Leonard Lichter, Pierre Schoenheimer and Roger Kirk, the
+  investors' designates, the company added.
+      Other members of the board are chairman Don Friedkin,
+  president and chief executive officer Mark Fukuhara, and Jay
+  Watnick, Ira Goldstein, Thurman Sasser and Michael Clinger.
+  
+
diff --git a/reuters/training/8946 b/reuters/training/8946
new file mode 100644
index 0000000000000000000000000000000000000000..311f20631a48fa16f6b2013e706706c6a5f70c30
--- /dev/null
+++ b/reuters/training/8946
@@ -0,0 +1,13 @@
+CROWLEY, MILNER AND CO<COM> 4TH QTR JAN 31 NET
+  Shr 4.11 dlrs vs 3.51 dlrs
+      Net 2,091,000 vs 1,785,000
+      Sales 38.8 mln vs 34.3 mln
+      Year
+      Shr 3.42 dlrs vs 3.57 dlrs
+      Net 1,740,000 vs 1,815,000
+      Sales 113.0 mln vs 104.1 mln
+      Qtly div 25 cts vs 25 cts previously
+      Pay April 30
+      Record April 15
+  
+
diff --git a/reuters/training/8947 b/reuters/training/8947
new file mode 100644
index 0000000000000000000000000000000000000000..21f91271a6ee55b05067488332a29ef985081c46
--- /dev/null
+++ b/reuters/training/8947
@@ -0,0 +1,10 @@
+CONRAC <CAX> URGES NO ACTION ON BID
+  Conrac Corp said it is asking
+  shareholders to take no action on the 25-dlr-per-share tender
+  offer for all its shares launched this morning by Mark IV
+  Industries Inc <IV>.
+      The company said its board will study the offer with
+  financial and legal advisors and make a recommendation to
+  shareholders by April 17.
+  
+
diff --git a/reuters/training/8948 b/reuters/training/8948
new file mode 100644
index 0000000000000000000000000000000000000000..8dc2243889a71b5fe5a887058cf810183b92bdd2
--- /dev/null
+++ b/reuters/training/8948
@@ -0,0 +1,15 @@
+<D'OR VAL MINES LTD> FINDS HIGH-GRADE ORDER
+  D'Or Val Mines Ltd said a recent
+  drill hole from the surfrace has intersected high-grade ore in
+  a downdip extension of the Discovery Vein in its D'Or Val Mine
+  in northern Quebec.
+      The company said 42.3 feet of the hole graded 0.92 ounce
+  per short ton of gold, including a 17.5 foot section grading
+  2.17 ounces.
+      It said the zone is just below the projection of the
+  seventh level of the mine about 1,450 feet below the surface
+  and 820 feet west of the shaft.
+      D'Or Val said this find and other recent ones will make
+  substantial contributions to the mine's ore reserves and grade.
+  
+
diff --git a/reuters/training/895 b/reuters/training/895
new file mode 100644
index 0000000000000000000000000000000000000000..8af1bced244c832d671d69987fca91c502cb8362
--- /dev/null
+++ b/reuters/training/895
@@ -0,0 +1,8 @@
+FINNISH UNEMPLOYMENT AT 6.7 PCT IN DECEMBER
+  Finnish unemployment was 6.7 pct in
+  December last year compared with 6.8 pct in November and 6.1
+  pct in December 1985, the Central Statistical Office said.
+      It said 173,000 people were unemployed in December 1986,
+  174,000 in November and 157,000 in December 1985.
+  
+
diff --git a/reuters/training/8950 b/reuters/training/8950
new file mode 100644
index 0000000000000000000000000000000000000000..b8602bd7a9581f88ef636e32eacf4c1041f1ad53
--- /dev/null
+++ b/reuters/training/8950
@@ -0,0 +1,24 @@
+BRAZILIAN SEAMEN SAY 14,000 NOW BACK AT WORK
+  About 14,000 of Brazil's 40,000
+  seamen are now back at work after pay accords with 21 shipping
+  companies but the rest are still on strike, a spokesman at
+  strike headquarters said today.
+      The seamen began a national stoppage on February 27.
+      The spokesman, talking by telephone from Rio de Janeiro,
+  said 126 ships were strike-bound.
+      He added that because of resignations by many seamen there
+  were scarcely any crews left on 38 of these ships.
+      The seamen have settled in general for pay rises of 120 pct
+  with the 21 companies. Talks with the shipowners' association
+  Syndarma have been deadlocked over overtime.
+      While exports have been delayed by the strike, exporters
+  say the problems have been manageable.
+      "It hasn't been critical by any means," said a coffee trader
+  in Santos, who noted that coffee was still moving on foreign
+  ships.
+      Economic analysts added, however, that any delay to exports
+  served to aggravate Brazil's balance of payments crisis, which
+  last month prompted the government to suspend interest payments
+  on 68 billion dlrs of commercial debt.
+  
+
diff --git a/reuters/training/8951 b/reuters/training/8951
new file mode 100644
index 0000000000000000000000000000000000000000..e02755526b502f9b400adeb4feef80cd78c5b033
--- /dev/null
+++ b/reuters/training/8951
@@ -0,0 +1,11 @@
+FED BUYS 500 MLN DLRS OF BILLS FOR CUSTOMER
+  The Federal Reserve purchased about
+  500 mln dlrs of U.S. Treasury bills for a customer, a
+  spokeswoman said.
+      She said that the Fed bought bills maturing in June and
+  July, and on August 27 and September 10 for regular delivery
+  tomorrow.
+      Dealers said that Federal funds were trading at 6-1/8 pct
+  when the Fed announced the operation.
+  
+
diff --git a/reuters/training/8956 b/reuters/training/8956
new file mode 100644
index 0000000000000000000000000000000000000000..a2cbff57d81b9374c82e42b26e688e39ff9bf105
--- /dev/null
+++ b/reuters/training/8956
@@ -0,0 +1,15 @@
+PENN TRAFFIC CO <PNF> 4TH QTR JAN 31 NET
+  Shr 33 cts vs 46 cts
+      Net 1,350,000 vs 1,886,000
+      Revs 150.1 mln vs 127.9 mln
+      Year
+      Shr 1.76 dlr vs 1.59 dlr
+      Net 7,300,000 vs 6,567,000
+      Revs 548 mln vs 510.5 mln
+      NOTE: First three quarters of 1986 have been restated to
+  reflect adoption in 4th qtr of new pension accounting procedure
+  which increased net income in first three qtrs 204,000 dlrs or
+  five cts per share. Procedure increased fourth qtr income
+  73,000 dlrs or two cts per share.
+  
+
diff --git a/reuters/training/8959 b/reuters/training/8959
new file mode 100644
index 0000000000000000000000000000000000000000..db927a0db45040fa43b722130f577504c2b637b5
--- /dev/null
+++ b/reuters/training/8959
@@ -0,0 +1,17 @@
+CALUMET INDUSTRIES <CALI> SEES 2ND QTR LOSS
+  Calumet Industries Inc said it expects
+  to report a loss from operations for its second quarter ending
+  March 31, despite a strong unit sales increase.
+      In the same year-ago period the company reported net income
+  of 366,953 dlrs, or 18 cts a share.
+      Chairman S. Mark Salvino said the expected loss is
+  primarily due to depressed product prices not recovering the
+  increasing cost of crude oil.
+      Salvino also said steadier crude prices and the reduced
+  rate of refinery production should increase product prices and
+  lead to a return to more normal profit margins.
+      He reported that the 23 mln dlr HydroCal II system under
+  construction at the company's refinery in Princeton, La., is on
+  schedule and production will begin early in fiscal 1988.
+  
+
diff --git a/reuters/training/896 b/reuters/training/896
new file mode 100644
index 0000000000000000000000000000000000000000..5038a057eaba83f940b8f8f50bb6ad2ef4a2824b
--- /dev/null
+++ b/reuters/training/896
@@ -0,0 +1,25 @@
+BANKERS SEE SHARP RISE IN THAI FOREIGN RESERVES
+  Thailand's improving economy will likely
+  cause foreign reserves to increase to at least five billion
+  dlrs by end-1987 from a record of nearly 4.2 billion at
+  end-February, private bankers said.
+      Bank of Thailand statistics show foreign reserves rose to
+  3.95 billion at end-January from 3.03 billion a year earlier.
+      Nimit Nonthapanthawat, chief economist at the <Bangkok Bank
+  Ltd>, said Thailand's strong export performance, its relatively
+  high interest rates, foreign participation in its stock market,
+  and growing foreign investment, especially from Japan,
+  contributed to the projected sharp rise.
+      Thai exports rose 19.4 pct in 1986 and are expected to
+  expand another 15 pct this year, bankers said.
+      A U.S. Embassy report said last month Thailand could
+  achieve five pct real gross domestic product growth in 1987, up
+  from a projection of 3.8 pct for 1986 and 3.7 pct in 1985.
+      Nonthapanthawat said if economic growth continues at its
+  current pace and oil prices and major currencies remain stable
+  the five billion 1987 reserves target can easily be reached.
+      Thailand calculates foreign reserves to include gold,
+  special drawing rights and convertible currencies. The target
+  is equivalent to five-and-a-half months' worth of imports.
+  
+
diff --git a/reuters/training/8961 b/reuters/training/8961
new file mode 100644
index 0000000000000000000000000000000000000000..9b4c5a715289a7825ce9d664992f727ea853a7f7
--- /dev/null
+++ b/reuters/training/8961
@@ -0,0 +1,66 @@
+COCOA BUFFER STOCK ACCORD CLOSER, DELEGATES SAY
+  The International Cocoa Organization
+  (ICCO) moved closer to an agreement on buffer stock rules, with
+  many delegates saying they expect to reach an accord by Friday.
+      "Everyone is convinced the buffer stock rules should be in
+  place by Friday so the buffer stock can be put into operation
+  Monday," a consumer delegate said. "The atmosphere is excellent."
+      Other delegates said the buffer stock might not be
+  operational by Monday but could be in place by around April 1,
+  if the rules are agreed by Friday.
+      A detailed package on how the buffer stock manager will buy
+  and sell cocoa was presented to a buffer stock working group
+  this afternoon -- a big step toward a "very interesting stage of
+  negotiations," delegates said.
+      The package, based on negotiating principles informally
+  agreed by delegates, has been forged bit by bit during
+  fortnight-long meetings by ICCO Executive Director Kobena
+  Erbynn and a small group of other delegates.
+      Producers, the European Community (EC) and consumers are
+  scheduled to consider the paper separately and then jointly
+  tomorrow.
+      Under the proposal, the buffer stock manager would buy
+  cocoa from origins or the second-hand market on an offer
+  system. He would alert the market via news agencies as to when
+  he wanted to buy cocoa and include shipment details and tonnage
+  desired, delegates said.
+      The manager would buy cocoa on a competitive basis, rather
+  than choosing the cheapest cocoa as before, giving preference
+  to ICCO member-country exporters. Standard price differentials
+  would be fixed for each origin, similar to golf handicaps, to
+  determine the relative competitiveness of offers of various
+  cocoas from different origins, they said.
+      The differentials could be reviewed at the request of a
+  member country or recommendation of the buffer stock manager,
+  the delegates said. Revision would be decided by a majority
+  vote of the ICCO council.
+      Buffer stock purchases from non-ICCO member countries would
+  not be allowed to exceed 10 pct of the total buffer stock, they
+  said.
+      The purchases would be limited to 5,000 tonnes of cocoa per
+  day and 20,000 tonnes per week, and could be bought in nearby,
+  intermediate and forward positions, they added.
+      One of the underlying ideas of the rules package is
+  "transparency," meaning virtually all the buffer stock manager's
+  market activities will be public and he will have as little
+  discretion as possible, delegates said.
+      After the tin market collapse in 1985, when the
+  International Tin Council buffer stock ran out of funds, cocoa
+  delegates are anxious to install safeguards in the cocoa market
+  mechanism, they said.
+       Earnest debate on the buffer stock proposal is expected to
+  begin late tomorrow, as delegations feel the pressure of the
+  approaching Friday deadline, when the ICCO meeting is due to
+  adjourn, delegates said.
+      The ICCO failed to agree buffer stock rules in January when
+  the new International Cocoa Agreement came into force. The
+  existing buffer stock of 100,000 tonnes of cocoa was frozen in
+  place with its bank balance of 250 mln dlrs -- both untouchable
+  until rules are agreed.
+       Though the current semi-annual council meeting is not the
+  last chance for delegates to cement buffer stock rules,
+  producers are keen to get the wheels of the market-stabilizing
+  mechanism turning to stem the decline in world prices,
+  delegates said.
+  
+
diff --git a/reuters/training/8962 b/reuters/training/8962
new file mode 100644
index 0000000000000000000000000000000000000000..fc260d0330142efc1b2e74304b1becd354c78ccb
--- /dev/null
+++ b/reuters/training/8962
@@ -0,0 +1,20 @@
+FINANCIAL CORP <FIN> NOT HOLDING BUYOUT TALKS
+  Financial Corp of America said
+  it is not holding discussions with anyone regarding a buyout of
+  the company.
+      But a spokeswoman pointed out that Financial Corp has said
+  publicly for nearly two years that in the company's view a
+  merger would be one method of increasing the company's capital.
+      "If an opportunity arises for us to strengthen our capital
+  position quickly we would be very open to it," the spokeswoman
+  said.
+      Financial Corp would need over one billion dlrs to bring
+  its regulatory net worth up to Federal Savings and Loan
+  Insurance Corp requirements, the spokeswoman said.
+      In addition, she said that the Federal Home Loan Bank
+  Board, in a letter dated January 26, 1987, stated that through
+  March 31, 1988 it will continue to support the company's
+  efforts to restructure its balance sheet, maintain profitable
+  operations and augment net worth.
+  
+
diff --git a/reuters/training/8964 b/reuters/training/8964
new file mode 100644
index 0000000000000000000000000000000000000000..8df951b43e8da0e847bb3db0348353820160ee34
--- /dev/null
+++ b/reuters/training/8964
@@ -0,0 +1,40 @@
+PDVSA INCOME ON OIL SALES FELL 45 PCT IN 1986
+  The state oil company Petroeleos de
+  Venezuela ended 1986 with a decrease of 45 pct in income from
+  oil sales even though it surpassed its own export goal by
+  almost 100,000 barrels a day, Minister of Energy and Mines
+  Arturo Hernandez Grisanti said.
+      Speaking to a news conference following the PDVSA annual
+  assembly, Hernandez said PDVSA's income from oil sales had
+  dropped to 7.2 billion dlrs in 1986, down 45 pct from last
+  year's 13.3 billion.
+      Fiscal revenue from oil sales, which was estimated at 66
+  billion bolivares for 1986, totalled 43.5 billion, a drop of 34
+  pct which Hernandez said "had a very serious impact on
+  Venezuela."
+      PDVSA's export volume averaged 1.508 mln barrels a day, of
+  which 658,000 bpd were crude oil and 850,000 bpd refined
+  products.
+      The figure surpassed PDVSA's stated goal of 1.410 mln bpd
+  and the 1985 export volume of 1.371 mln bpd. But it was not
+  enough to cover the losses from a drop in the average price
+  from 25.88 dlrs per barrel in 1985 to 13.90 dlrs last year.
+      The 13.90 per barrel price for 1986 was 1.01 dlrs higher
+  than the figure originally announced by the Central Bank.
+  Hernandez said the increase had come from a new accounting
+  system which included the results of PDVSA's overseas refining
+  and marketing operations.
+      Consumption in Venezuela's internal market increased from
+  323,000 bpd in 1985 to 342,000 bpd last year. However,
+  Hernandez stressed that the government had managed to keep
+  gasoline sales almost constant at 164,000 bpd.
+      Exploration by PDVSA led to an increase of 675 mln barrels
+  in reserves of light and medium crudes, shifting the balance of
+  Venezuela's reserves away from heavy crude oil. The country's
+  production capacity at year-end 1986 was 2.562 mln bpd, of
+  which 1.420 mln are light and medium crudes, Hernandez said.
+       Venezuela's total proven reserves as of December 31, 1986
+  were 55.521 billion barrels, the fourth largest amount in the
+  world, Hernandez said.
+  
+
diff --git a/reuters/training/8965 b/reuters/training/8965
new file mode 100644
index 0000000000000000000000000000000000000000..3929d093b8a0becda2075f81155d1eb59000d893
--- /dev/null
+++ b/reuters/training/8965
@@ -0,0 +1,9 @@
+AMERICAN NETWORK INC <ANWI> DEC 31 YEAR NET
+  Shr profit 16 cts vs loss 1.40 dlrs
+      Net profit 3,000,000 vs loss 6,570,000
+      Revs 91.7 mln vs 66.9 mln
+      Avg shrs 19,078,072 vs 4,708,896
+      Note: Current year net includes nine mln dlr net gain from
+  settlement of litigation.
+  
+
diff --git a/reuters/training/8968 b/reuters/training/8968
new file mode 100644
index 0000000000000000000000000000000000000000..4cf822d3a4f6cd4ab23f5a30f6dc11fc2f2cec1e
--- /dev/null
+++ b/reuters/training/8968
@@ -0,0 +1,6 @@
+SIGNET BANKING CORP REGULAR DIVIDEND
+  Qtly div 31 cts vs 31 cts prior
+      Payable APril 22
+      Record April three
+  
+
diff --git a/reuters/training/8969 b/reuters/training/8969
new file mode 100644
index 0000000000000000000000000000000000000000..5ab884a3a698432e99b9b40083a98947f1af3907
--- /dev/null
+++ b/reuters/training/8969
@@ -0,0 +1,10 @@
+MOTT'S SUPER MARKETS INC <MSM> 4TH QTR JAN 3
+  Shr loss 15 cts vs loss 1.12 dlrs
+      Net loss 414,331 vs loss 3.1 mln
+      Revs 73.8 mln vs 69.1 mln
+      Year
+      Shr loss 99 cts vs loss 1.69 dlr
+      Net loss 2.7 mln vs loss 4.7 mln
+      Revs 276.9 mln vs 290.1 mnln
+  
+
diff --git a/reuters/training/897 b/reuters/training/897
new file mode 100644
index 0000000000000000000000000000000000000000..b97cfa08d84ac0e19702c357c76642e1f1762caf
--- /dev/null
+++ b/reuters/training/897
@@ -0,0 +1,13 @@
+SWEDEN HAS CURRENT PAYMENTS SURPLUS IN 1986
+  Sweden had a 1986 current balance of
+  payments surplus of 7.6 billion crowns compared with a deficit
+  of 10.1 billion the preceding year, according to preliminary
+  figures from the central bank.
+      The December current account had a 100 mln crowns deficit
+  against a yearago 200 mln deficit.December trade balance was
+  2.3 billion surplus against yearago two billion.
+      The trade balance showed a 1986 surplus of 33.2 billion
+  crowns compared with a 15.8 billion surplus in 1985, the bank
+  said .
+  
+
diff --git a/reuters/training/8970 b/reuters/training/8970
new file mode 100644
index 0000000000000000000000000000000000000000..05c437b793dc06447165cb797c3cd2f7dd45cc5e
--- /dev/null
+++ b/reuters/training/8970
@@ -0,0 +1,10 @@
+ALEXANDER'S <ALX> 2ND QTR FEB 7
+  Shr 57 cts vs 72 cts
+      Net 2.7 mln vs 3.3 mln
+      Six months
+      Shr 45 cts vs 84 cts
+      Net 2.1 mln vs 3.8 mln
+      NOTE:1987 six months includes 790,000 dlr charge. 1986 six
+  months includes 679,000 net gain.
+  
+
diff --git a/reuters/training/8971 b/reuters/training/8971
new file mode 100644
index 0000000000000000000000000000000000000000..0ca7dbffc176130668494c16bebbb4b20ca11b98
--- /dev/null
+++ b/reuters/training/8971
@@ -0,0 +1,45 @@
+IMPERIAL OIL <IMO.A> TO FOCUS ON HIGHER PROFIT
+  Imperial Oil Ltd, 70 pct owned by Exxon
+  Corp <XON>, will focus on maintaining its financial strength
+  and improving near-term earnings performance through operating
+  expense reductions and selective capital spending, the company
+  said in the annual report.
+      Imperial Oil said it expects to spend about 750 mln dlrs on
+  capital and exploration expenditures in 1987, compared to 648
+  mln dlrs in 1986 and 1.16 billion dlrs in 1985.
+      Imperial previously reported 1986 operating net profit fell
+  to 440 mln dlrs or 2.69 dlrs share from 694 mln dlrs or 4.27
+  dlrs share in the prior year.
+      Imperial Oil said the attention to earnings results from
+  the desire to pursue longer term growth opportunities should
+  the investment climate improve and the belief that low or
+  volatile crude oil prices could continue during the next
+  several years.
+      The company also said actions initiated during 1986 to
+  restructure and improve efficiency should continue to show
+  benefits in 1987.
+      During 1986, the company cut operating, administrative and
+  marketing expenses by 91 mln dlrs and reduced the number of
+  workers by 16 pct to 12,500.
+      Imperial chairman Arden Haynes said in the annual report
+  that it is too early to determine whether the recent upward
+  movement in international oil prices will be sustained.
+      "It is still a time for prudence and caution, and the
+  company's actions will continue to be based on the fundamentals
+  of market supply and demand," he said.
+      Haynes said prospects for the company's petroleum products
+  division are more promising than before, but are still
+  uncertain. Imperial's 1986 petroleum earnings rose to 174 mln
+  dlrs from 102 mln dlrs in 1985.
+      Haynes said more satisfactory product margins on its
+  petroleum products could result if demand recovers as it has in
+  the United States.
+      The company's chemicals business outlook is mixed, Haynes
+  said. Prospects for growth in petrochemical sales is good as
+  long as economic growth continues, but future large grain
+  surpluses could dampen fertilizer demand and maintain pressure
+  on prices.
+      Imperial's chemical business earned 17 mln dlrs in 1986,
+  compared to three mln dlrs in 1985.
+  
+
diff --git a/reuters/training/8972 b/reuters/training/8972
new file mode 100644
index 0000000000000000000000000000000000000000..56de0686a632c0972a5e92366de9e95ea8d3056b
--- /dev/null
+++ b/reuters/training/8972
@@ -0,0 +1,6 @@
+NORTHEAST UTILITIES <NU> YEAR
+  Shr 2.78 dlrs vs 2.55 dlr
+      NEt 302.0 mln vs 271.6 mln
+      REvs 2.0 billion vs 2.1 billion
+  
+
diff --git a/reuters/training/8974 b/reuters/training/8974
new file mode 100644
index 0000000000000000000000000000000000000000..4338e989ec196b604bdb4a560ce20a648f070cc7
--- /dev/null
+++ b/reuters/training/8974
@@ -0,0 +1,46 @@
+CPC <CPC> TO SELL EUROPEAN BUSINESS
+  CPC International Inc said it reached
+  an agreement in principle to sell its European corn wet milling
+  business to Agricola Finanziaria SpA, a member of the Ferruzzi
+  Group, for a price in excess of 600 mln dlrs.
+      The transaction is expected to be completed by September
+  30.
+      CPC said it expects no material gain or loss this year from
+  the transaction. But the effect of the deal on 1987 earnings
+  can be evaluated in full only when the definitive pacts are
+  completed, it said.
+      The long-term effect of the transaction on CPC's earnings
+  should be positive, it added, as it will allow capital
+  expenditures to be cut back and will reduce corporate and
+  divisional overheads as well as operating expenses in the
+  European business.
+      The sale is an important part of a restructuring announced
+  in November, CPC said.
+      Proceeds of the sale will be used to reduce debt incurred
+  in the purchase of the Arnold Foods and Old London specialty
+  baking businesses and the stock repurchase program that was 
+  part of the restructuring.
+      As of December 31, CPC had bought about 15 mln of its
+  common shares, adjusted for a 2-for-1 split in January, for a
+  total cost of 621.8 mln dlrs, according to its 1986 annual
+  report.
+      In December, CPC acquired Arnold Foods and Old London for a
+  total of about 170 mln dlrs.
+      CPC had previously said it wanted to sell the European corn
+  wet milling business and use the proceeds to help reduce debt,
+  including that incurred under the share buyback.
+      In total, CPC has bought back about 16 mln shares of common
+  stock, adjusted for the split, it said today. In November it
+  authorized a buyback of 20 mln shares, adjusted for the split.
+      The buyback and the restructuring were triggered in
+  November, after companies controlled by Ronald Perelman,
+  chairman of Revlon Group Inc <REV>, acquired about 7.6 pct of
+  CPC's then outstanding stock.
+      In 1986, the European corn wet milling business had sales
+  of 914.1 mln dlrs, operating income before overheads of 68.8
+  mln dlrs and associated headquarters overhead costs of 19.7 mln
+  dlrs, according to CPC's 1986 annual report.
+      The businesses' assets were 645.7 mln dlrs in 1986, the
+  report said.
+  
+
diff --git a/reuters/training/8975 b/reuters/training/8975
new file mode 100644
index 0000000000000000000000000000000000000000..019a34c3ccfbfd89f91fc2b0f299855aebaf8a11
--- /dev/null
+++ b/reuters/training/8975
@@ -0,0 +1,11 @@
+MOBEX COMPLETES GRANT INDUSTRIES <GTX> TENDER
+  Mobex Corp, a private building
+  product concern, said as of late yesterday it had accepted
+  about 2.3 mln shares or 98 pct of Grant Industries Inc under a
+  tender offer.
+      The 7.75 dlrs a share cash offer expired at 2000 EST
+  yesterday. Mobex said its Mobex Acquisition Corp unit accepted
+  2,316,940 shares of Grant common, or about 98 pct of the
+  2,369,799 shares presently outstanding, at the tender price.
+  
+
diff --git a/reuters/training/8976 b/reuters/training/8976
new file mode 100644
index 0000000000000000000000000000000000000000..a1e8b923e3d66c9eb16664ac2cea1aec4d1ad403
--- /dev/null
+++ b/reuters/training/8976
@@ -0,0 +1,21 @@
+LEUCADIA NATIONAL CORP <LUK> 4TH QTR NET
+  Shr 3.28 dlrs vs 22 cts
+      Shr diluted 2.99 dlrs vs 22 cts
+      Net 46.0 mln vs 3,328,000
+      Avg shrs 14.0 mln vs 15.2 mln
+      Year
+      Shr 5.41 dlrs vs 1.56 dlrs
+      Shr diluted 4.94 dlrs vs 1.50 dlrs
+      Net 78.2 mln vs 25.9 mln
+      Avg shrs 14.5 mln vs 15.1 mln
+      NOTE: earnings per share reflect the two-for-one split
+  effective January 6, 1987.
+      per share amounts are calculated after preferred stock
+  dividends.
+      Loss continuing operations for the qtr 1986, includes gains
+  of sale of investments in Enron Corp of 14 mln dlrs, and
+  associated companies of 4,189,000, less writedowns of
+  investments in National Intergroup Inc of 11.8 mln and BRAE
+  Corp of 15.6 mln.
+  
+
diff --git a/reuters/training/8977 b/reuters/training/8977
new file mode 100644
index 0000000000000000000000000000000000000000..4e1351506879f4c109b170f89c325a91191f84f9
--- /dev/null
+++ b/reuters/training/8977
@@ -0,0 +1,11 @@
+TELECOM <TELE> COMPLETES SALE
+  Telecom Plus INternational Inc
+  said it completed the sale of its 65 pct interest in Tel Plus
+  Communications Inc to Siemens Information Systems INc for about
+  173 mln dlrs.
+      Telecom received 107 mln dlrs at closing with the balance
+  to be paid in installments. Siemen said it will dispute various
+  matters in the financial statement issues and other matters, it
+  said.
+  
+
diff --git a/reuters/training/8978 b/reuters/training/8978
new file mode 100644
index 0000000000000000000000000000000000000000..5061e047b8fc7d77b4181b4bdc7d131ab00a88a4
--- /dev/null
+++ b/reuters/training/8978
@@ -0,0 +1,10 @@
+HAITI, CZECHOSLOVAKIA JOIN COCOA ORGANIZATION
+  Haiti and Czechoslovakia have joined the
+  International Cocoa Organization (ICCO), bringing membership in
+  the United Nations charter body to 18 importing countries and
+  17 exporters, ICCO officials said.
+      Haiti has provisionally applied to the ICCO as an exporting
+  member, and accounts for 0.92 pct of world cocoa exports, they
+  said. Czechoslovakia joined as an importer.
+  
+
diff --git a/reuters/training/8979 b/reuters/training/8979
new file mode 100644
index 0000000000000000000000000000000000000000..de02e2f38f41bdf812ad9741a4402d6d7c98d082
--- /dev/null
+++ b/reuters/training/8979
@@ -0,0 +1,27 @@
+INTEGRATED RESOURCES INC <IRE> 4TH QTR NET
+  Oper primary shr 1.03 dlr vs 2.55 dlrs
+      Oper diluted shr 94 cts vs 1.76 dlrs
+      Oper net 15.2 mln vs 23.4 mln
+      Revs 272.0 mln vs 232 mln
+      Avg shrs primary 7,625,000 vs 5,534,000
+      Avg shrs diluted 12.3 mln vs 10.3 mln
+      Year
+      Oper shr 1.06 dlr vs 3.17 dlrs
+      Oper net 39 mln vs 56.1 mln
+      Revs 830.2 mln vs 657.9 mln
+      Avg shrs 7,490,000 vs 5,557,000
+      NOTE: 1986 oper net excludes 10.4 mln dlrs for discontinued
+  operations.
+      1985 4th qtr excludes a loss of 4,570,000 dlrs and
+  6,330,000 dlrs, respectively, for discontinued operations.
+      1986 oper net excludes a 10.5 mln dlr or 1.40 dlr per shr
+  loss from early extinquishment of notes.
+      1986 and 1985 oper per share amounts are reported after
+  paying 31.0 mln dlrs and 38.5 mln dlrs, respectively, for
+  preferred stock dividends.
+      1986 and 1985 4th qtr per share amounts are reported after
+  paying 7,292,000 dlrs and 9,333,000 dlrs, respectively, for
+  preferred stock dividends.
+      1985's discontinued operations are restated.
+  
+
diff --git a/reuters/training/8981 b/reuters/training/8981
new file mode 100644
index 0000000000000000000000000000000000000000..2312f7677a508cd74de3c028c9ae47894e6a97cb
--- /dev/null
+++ b/reuters/training/8981
@@ -0,0 +1,12 @@
+WEAN UNITED INC <WID> 4TH QTR
+  Shr loss one dlr vs profit seven cts
+      Net loss 3.0 mln vs profit 349,000
+      Revs 35.6 mln vs 49.3 mln
+      Year
+      Shr loss 2.87 dlrs vs loss 2.71 dlrs
+      Net loss 8.4 mln vs loss 7.9 mln
+      Revs 140.3 mln vs 169.2 mln
+      NOTE:earnings reflect preferred dividend requirements, 1986
+  year includes one-time gain of 1.2 mln dlrs
+  
+
diff --git a/reuters/training/8982 b/reuters/training/8982
new file mode 100644
index 0000000000000000000000000000000000000000..998773c4ced7c13adbda75d7a20886e75a687dc4
--- /dev/null
+++ b/reuters/training/8982
@@ -0,0 +1,31 @@
+U.S. HOUSE PANEL EASES SOVIET EXPORT CONTROLS
+  The U.S. House Foreign Affairs
+  Committee voted to ease restrictions on exports that are now
+  kept from shipment to Soviet-bloc countries but are no longer a
+  threat to U.S. national security.
+      The Democratic-controlled committee said the
+  administration's export control policies, which restrict
+  shipment of thousands of products, contributed to last year's
+  record 169 billion dlr U.S. trade deficit.
+      The committee said the legislation will cut government red
+  tape and make it easier for U.S. companies to compete with
+  foreign producers since many of the goods are readily available
+  from other countries.
+      Rep. Don Bonker, chairman of the International Economic
+  Policy subcommittee, said the unnecessary restrictions had cost
+  the U.S. 17 billion dlrs in exports a year.
+      "This is Congress' number one opportunity to attack the
+  trade deficit in a positive way by exporting more," the
+  Washington Democrat said.
+      The legislation would order the Commerce Department to lift
+  controls on 40 pct of goods on the restricted export list over
+  the next three years unless other countries agree to comparable
+  controls.
+      Most of these are of the least sophisticated type of
+  technology such as medical instruments.
+      It would also give the Commerce Department primary
+  authority to decide which exports will be permitted and limit
+  the Defense Department to an advisory role in reviewing
+  requests to export highly-sensitive technology.
+  
+
diff --git a/reuters/training/8983 b/reuters/training/8983
new file mode 100644
index 0000000000000000000000000000000000000000..5ceff4e40853e6758987ae80e6f646e805b5efe4
--- /dev/null
+++ b/reuters/training/8983
@@ -0,0 +1,5 @@
+U.S. EXPORTERS REPORT 200,000 TONNES CORN  SWITCHED FROM UNKNOWN TO USSR FOR 1986/87
+
+  U.S. EXPORTERS REPORT 200,000 TONNES CORN  SWITCHED FROM UNKNOWN TO USSR FOR 1986/87
+  
+
diff --git a/reuters/training/8984 b/reuters/training/8984
new file mode 100644
index 0000000000000000000000000000000000000000..cbb8198740bdd3e5e20a773688f3a3ac522d2024
--- /dev/null
+++ b/reuters/training/8984
@@ -0,0 +1,5 @@
+BALDRIGE SAYS CHANGES NEEDED IN EXCHANGE RATES OF CURRENCIES PEGGED TO DOLLAR
+
+  BALDRIGE SAYS CHANGES NEEDED IN EXCHANGE RATES OF CURRENCIES PEGGED TO DOLLAR
+  
+
diff --git a/reuters/training/8985 b/reuters/training/8985
new file mode 100644
index 0000000000000000000000000000000000000000..641c1795f78c0d744627f66986d0b14d8170b47f
--- /dev/null
+++ b/reuters/training/8985
@@ -0,0 +1,5 @@
+CHARTER CO 4TH QTR NET PROFIT 118.8 MLN DLRS VS LOSS 13 MLN DLRS
+
+  CHARTER CO 4TH QTR NET PROFIT 118.8 MLN DLRS VS LOSS 13 MLN DLRS
+  
+
diff --git a/reuters/training/8986 b/reuters/training/8986
new file mode 100644
index 0000000000000000000000000000000000000000..a9c8e82326f0124ecf3915de1b2c68602bab80a4
--- /dev/null
+++ b/reuters/training/8986
@@ -0,0 +1,17 @@
+ALEXANDER'S <ALX> 2ND QTR ENDS FEB 27 NET
+  Shr 57 cts vs 72 cts
+      Shr diluted 57 cts vs 66 cts
+      Net 2,699,000 vs 3,250,000
+      Revs 190.8 mln vs 195.9 mln
+      Six mths
+      Shr 45 cts vs 84 cts
+      Shr diluted 45 cts vs 79 cts
+      Net 2,092,000 vs 3,784,000
+      Revs 304.2 mln vs 304.6 mln
+      NOTE: includes a change in accounting for investment tax
+  credit of 1,408,000, or 31 cts per share, in six mths prior.
+      first qtr 1987 includes non-recurring charge of 1,488,000
+  for company's abandoning of its plan to convert to a limited
+  partnership.
+  
+
diff --git a/reuters/training/8987 b/reuters/training/8987
new file mode 100644
index 0000000000000000000000000000000000000000..e46c6199978e31ab69b0a9e3af5c01aa2dd7f3b6
--- /dev/null
+++ b/reuters/training/8987
@@ -0,0 +1,7 @@
+STANADYNE <STNA>, UNITED TECHNOLOGIES END TALKS
+  Stanadyne Inc said it terminated
+  discussions about its proposed purchase of United Technologies
+  Corp's Diesel Systems <UTX> unit.
+      The reason was not disclosed.
+  
+
diff --git a/reuters/training/899 b/reuters/training/899
new file mode 100644
index 0000000000000000000000000000000000000000..bbc290a2c8717af952188eabca58c82043d9d719
--- /dev/null
+++ b/reuters/training/899
@@ -0,0 +1,17 @@
+FISONS PLC <FISN.L> YEAR TO END-1986
+  Shr 27.5p vs 24.3p
+      Div 3.95p vs 3.34p making 6.5p vs 5.5p
+      Pre-tax profit 85.1 mln stg vs 72.3 mln
+      Turnover 702.6 mln vs 646.7 mln
+      Tax 18.4 mln vs 15.2 mln
+      Finance charges 4.1 mln vs 5.4 mln
+      Minority interest 0.1 mln vs 0.5 mln
+      Extraordinary debit, being closure and restructuring costs
+  4.9 mln vs 3.7 mln
+      Operating profit includes -
+      Pharmaceutical 49.8 mln vs 39.0 mln
+      Scientific equipment 23.2 mln vs 19.2 mln
+      Horticulture 8.0 mln vs 8.7 mln
+      Note - company said it plans one-for-one capitalisation
+  
+
diff --git a/reuters/training/8991 b/reuters/training/8991
new file mode 100644
index 0000000000000000000000000000000000000000..e348a90adc3ec75212ac6ed900b47ca2533a3628
--- /dev/null
+++ b/reuters/training/8991
@@ -0,0 +1,25 @@
+CITICORP <CCI> RULES OUT CREDIT CARD PRICE WAR
+  American Express Co's <AXP> recent
+  launch of a new "OPTIMA" credit card, with relatively low
+  interest rates and fees, will increase competition with bank
+  credit-card issuers but will not lead to a pricing war, a
+  senior Citicorp offical said.
+      "Over the next two to three years, a very interesting
+  marketing battle will be fought ... competition will not be on
+  price but on product features," Pei-yuan Chia, head of the U.S.
+  card products group, told a banking analysts meeting.
+      Citicorp is the leading U.S. bank credit-card issuer, with
+  some 10 mln accounts and an 11 pct market share.
+      Chia said that Citicorp would focus its credit card
+  marketing efforts on acceptance, noting that Visa and
+  Mastercard currently enjoy a two-to-one advantage over American
+  Express in terms of worldwide acceptance.
+      He also doubted the popularity of American Express' plan to
+  link interest charges on the new OPTIMA card to the bank prime
+  lending rate. "The consumer likes to have a fixed rate
+  instrument," he said.
+      Richard Braddock, head of the whole individual banking
+  division, added that when there is increased competition, "it
+  is not the big people who get crunched but the small ones."
+  
+
diff --git a/reuters/training/8992 b/reuters/training/8992
new file mode 100644
index 0000000000000000000000000000000000000000..518d93b5e2cf1223927bc7e52d565b510434b290
--- /dev/null
+++ b/reuters/training/8992
@@ -0,0 +1,11 @@
+NEW PROCESS CO <NOZ> SETS QTLY PAYOUT
+  New Process Co said it declared a
+  quarterly dividend of 12-1/2 cts, the regular dividend it pays
+  during the first three quarters of the year.
+      The dividend is payable May 1 to shareholders of record
+  April 10.
+      Last year, New Process paid an annual dividend of 1.18 dlrs
+  by paying 12-1/2 cts a share in each of the first three
+  quarters and a fourth quarter dividend of 80-1/2 cts.
+  
+
diff --git a/reuters/training/8993 b/reuters/training/8993
new file mode 100644
index 0000000000000000000000000000000000000000..971f5c6342ee88e6b01f548282c8f71579795c92
--- /dev/null
+++ b/reuters/training/8993
@@ -0,0 +1,16 @@
+USDA REPORTS CORN SWITCHED TO USSR
+  The U.S. Agriculture Department said
+  private U.S. exporters reported 200,000 tonnes of corn
+  previously to unknown destinations have been switched to the
+  Soviet Union.
+      The corn is for delivery during the 1986/87 marketing year
+  and under the fourth year of the U.S.-USSR Long Term Grain
+  Supply Agreement.
+      The marketing year for began September 1.
+      Sales of corn to the USSR for delivery during the fourth
+  year of the agreement -- which began October 1, 1986 -- now
+  total 2,600,000  tonnes, it said.
+      In the third agreement year sales totaled 6,960,700 tonnes
+  -- 152,600 tonnes of wheat and 6,808,100 tonnes of corn.
+  
+
diff --git a/reuters/training/8995 b/reuters/training/8995
new file mode 100644
index 0000000000000000000000000000000000000000..a6ad0fac365b7334266204b878257ab7972ca369
--- /dev/null
+++ b/reuters/training/8995
@@ -0,0 +1,10 @@
+PETROLEUM EQUIPMENT TOOLS CO <PTCO> 4TH QTR
+  Shr loss 57 cts vs loss 30 cts
+      Net loss 5.9 mln vs loss 3.2 mln
+      Revs 5.6 mln vs 16.3 mln
+      Year
+      Shr loss 2.11 dlrs vs loss 95 cts
+      Net loss 22.0 mln vs loss 9.9 mln
+      Revs 29.3 mln vs 66.3 mln
+  
+
diff --git a/reuters/training/8996 b/reuters/training/8996
new file mode 100644
index 0000000000000000000000000000000000000000..ec0c6a5f5eca15903879542e410242f2eafe6ae8
--- /dev/null
+++ b/reuters/training/8996
@@ -0,0 +1,7 @@
+SUNDOR GROUP BUYS DWG <DWG> UNIT'S ASSETS
+  <Sundor Group Inc> said it
+  purchased DWG Corp's Texun Inc's line of regional juice
+  products.
+      The purchase terms were not disclosed, the company said.
+  
+
diff --git a/reuters/training/8997 b/reuters/training/8997
new file mode 100644
index 0000000000000000000000000000000000000000..26873d884cd0e77392f7b34600c270cd7f522937
--- /dev/null
+++ b/reuters/training/8997
@@ -0,0 +1,10 @@
+QUICK AND REILLY GROUP <BQR> 4TH QTR FEB 28
+  Shr 72 cts vs 57 cts
+      Net 4.5 mln vs 3.6 mln
+      Revs 25.1 mln vs 21.9 mln
+      Year
+      Shr 2.47 dlrs vs 1.87 dlr
+      Net 15.6 mln vs 11.8 mln
+      Revs 89.1 mln vs 73.3 mln
+  
+
diff --git a/reuters/training/8998 b/reuters/training/8998
new file mode 100644
index 0000000000000000000000000000000000000000..f50d9eadcbc0f7ca10af45055757407971de2469
--- /dev/null
+++ b/reuters/training/8998
@@ -0,0 +1,15 @@
+HAYES-ALBION <HAY> COMPLETES GOING PRIVATE DEAL
+  Hayes-Albion Corp said its shareholders
+  approved a plan to merge with and become a wholly onwed
+  subsidiary of privately held Harvard Industries Inc.
+      St. Louis-based Harvard Industries, a manufacturer and
+  distributor of automobile supplies, held 80 pct of Hayes
+  following completion of a 13 dlrs a share cash tender offer in
+  December.
+      Under the merger agreement, remaining shareholders of
+  Hayes, a Jackson, Mich.-based maker of auto supplies, will
+  receive 13 dlrs cash for their shares.
+      Trading in Hayes common will cease at the close of business
+  today, the company said.
+  
+
diff --git a/reuters/training/8999 b/reuters/training/8999
new file mode 100644
index 0000000000000000000000000000000000000000..45bf7553e5a2571465d3ead6af75604195105887
--- /dev/null
+++ b/reuters/training/8999
@@ -0,0 +1,28 @@
+CHARTER CO <QCHR> 4TH QTR OPER LOSS
+  Oper shr loss one ct vs loss four cts
+      Oper net loss 336,000 vs profit 2,631,000
+      Revs 237.2 mln vs 382.3 mln
+      Avg shrs 47.4 mln vs 16.5 mln
+      Year
+      Oper shr profit 21 cts vs profit 12 cts
+      Oper profit 9,922,000 vs profit 15.1 mln
+      Revs 1.1 billion vs 1.6 billion
+      Avg shrs 47.4 mln vs 16.5 mln
+      NOTE: 1986 4th qtr and year oper net excludes a gain of
+  28.6 mln dlrs and 28.5 mln dlrs or 60 cts per share,
+  respectively, for discontinued operations.
+      1986 4th qtr and year oper net excludes a gain of 90.5 mln
+  dlrs or 1.91 dlr per share and 114.8 mln dlrs or 2.42 dlrs per
+  share, respectively, mainly for settlement of dioxin-related
+  claims in reorganization proceedings.
+      1985 4th qtr and year oper net excludes a loss of 41.2 mln
+  dlrs or 2.51 dlrs per share and a loss of 36.3 mln dlrs or 2.21
+  dlrs per share, respectively, for discontinued operations.
+      1985 4th qtr and year oper net excludes a gain of 25.6 mln
+  dlrs or 1.56 dlr per share and 29.4 mln dlrs or 1.79 dlrs per
+  share for settlement of claims and utilization of tax loss
+  carryforward.
+      1985 year oper net also excludes a loss of seven mln dlrs
+  for change in inventory evaluation method.
+  
+
diff --git a/reuters/training/9 b/reuters/training/9
new file mode 100644
index 0000000000000000000000000000000000000000..eba86ff99d30ae4bbf4b2cd268915d6ed753f7a3
--- /dev/null
+++ b/reuters/training/9
@@ -0,0 +1,9 @@
+CHAMPION PRODUCTS <CH> APPROVES STOCK SPLIT
+  Champion Products Inc said its
+  board of directors approved a two-for-one stock split of its
+  common shares for shareholders of record as of April 1, 1987.
+      The company also said its board voted to recommend to
+  shareholders at the annual meeting April 23 an increase in the
+  authorized capital stock from five mln to 25 mln shares.
+  
+
diff --git a/reuters/training/900 b/reuters/training/900
new file mode 100644
index 0000000000000000000000000000000000000000..a7d4596346b023e793e2534c222303e35dcc26a8
--- /dev/null
+++ b/reuters/training/900
@@ -0,0 +1,5 @@
+ MAJOR SWISS BANKS RAISE CUSTOMER TIME DEPOSIT RATES 1/4 POINT TO THREE PCT - CREDIT SUISSE
+
+   MAJOR SWISS BANKS RAISE CUSTOMER TIME DEPOSIT RATES 1/4 POINT TO THREE PCT - CREDIT SUISSE
+  
+
diff --git a/reuters/training/9003 b/reuters/training/9003
new file mode 100644
index 0000000000000000000000000000000000000000..50dc83e371c2f4cd62cd184575d43386cec414e4
--- /dev/null
+++ b/reuters/training/9003
@@ -0,0 +1,10 @@
+NUMEREX CORP <NMRX> 2ND QTR JAN 31 LOSS
+  Shr loss seven cts vs profit five cts
+      Net loss 149,421 vs profit 103,120
+      Sales 1,698,345 vs 1,920,010
+      Six Mths
+      Shr loss five cts vs profit nine cts
+      Net loss 100,472 vs profit 191,614
+      Sales 3,836,794 vs 3,650,322
+  
+
diff --git a/reuters/training/9007 b/reuters/training/9007
new file mode 100644
index 0000000000000000000000000000000000000000..a3cf47a44f05ce9826cffd07eaccc949e034cd5d
--- /dev/null
+++ b/reuters/training/9007
@@ -0,0 +1,22 @@
+BALDRIGE SUPPORTS NIC TALKS ON CURRENCIES
+  Commerce Secretary Malcolm Baldrige
+  said he supported efforts to persuade newly-industrialized
+  countries (NICS) to revalue currencies that are tied to the
+  dollar in order to help the United States cut its massive trade
+  deficit.
+      "We do need to do something with those currencies or we
+  will be substituting Japanese products for Taiwanese products,"
+  or those of other nations with currencies tied to the dollar,
+  Baldrige told a House banking subcommittee.
+      The U.S. dollar has declined in value against the Yen and
+  European currencies, but has changed very little against the
+  currencies of some developing countries such as South Korea and
+  Taiwan because they are linked to the value of the dollar.
+      As a result, efforts to reduce the value of the dollar over
+  the past year and a half have done little to improve the trade
+  deficits with those countries.
+      Baldrige told a House Banking subcommittee that the
+  Treasury Department was attempting to persuade those countries
+  to reach agreement with the United States on exchange rates.
+  
+
diff --git a/reuters/training/901 b/reuters/training/901
new file mode 100644
index 0000000000000000000000000000000000000000..7cf7f9f7189d316bc2f75e50a2390e21dbd4a24a
--- /dev/null
+++ b/reuters/training/901
@@ -0,0 +1,5 @@
+ CORRECTED - MAJOR SWISS BANKS RAISE CUSTOMER TIME DEPOSIT RATES 1/4 POINT TO 3-1/4 PCT - CREDIT SUISSE
+
+   CORRECTED - MAJOR SWISS BANKS RAISE CUSTOMER TIME DEPOSIT RATES 1/4 POINT TO 3-1/4 PCT - CREDIT SUISSE
+  
+
diff --git a/reuters/training/9010 b/reuters/training/9010
new file mode 100644
index 0000000000000000000000000000000000000000..4b611f97875d4593830ec18fed8d7caf0f8fd0eb
--- /dev/null
+++ b/reuters/training/9010
@@ -0,0 +1,5 @@
+EASTMAN KODAK CO TO SELL HOLDINGS IN ICN PHARMACEUTICALS AND VIRATEK INC
+
+  EASTMAN KODAK CO TO SELL HOLDINGS IN ICN PHARMACEUTICALS AND VIRATEK INC
+  
+
diff --git a/reuters/training/9012 b/reuters/training/9012
new file mode 100644
index 0000000000000000000000000000000000000000..098dd1ea8047dce7a3aefd818b7f778b0104e536
--- /dev/null
+++ b/reuters/training/9012
@@ -0,0 +1,13 @@
+TREASURY BALANCES AT FED ROSE ON MARCH 23
+  Treasury balances at the Federal
+  Reserve rose on March 23 to 3.332 billion dlrs from 3.062
+  billion dlrs on the previous business day, the Treasury said in
+  its latest budget statement.
+      Balances in tax and loan note accounts fell to 15.513
+  billion dlrs from 17.257 billion dlrs on the same respective
+  days.
+      The Treasury's operating cash balance totaled 18.845
+  billion dlrs on March 23 compared with 20.318 billion dlrs on
+  March 20.
+  
+
diff --git a/reuters/training/9014 b/reuters/training/9014
new file mode 100644
index 0000000000000000000000000000000000000000..649b5213db386226cdabf04191a7d32a3031f18d
--- /dev/null
+++ b/reuters/training/9014
@@ -0,0 +1,10 @@
+USX <X> USS UNIT RAISES PRICES
+  USX Corp's USS subsidiary said
+  that effective with shipments beginning July 1 prices for all
+  leaded grades and 1200-series grades of hot rolled bar and
+  semi-finished products from its Lorain, Ohio, facility will be
+  increased by 15 dlrs a ton over the prices in effect June 1.
+      It said the increase is being made to reflect current
+  market conditions.
+  
+
diff --git a/reuters/training/9015 b/reuters/training/9015
new file mode 100644
index 0000000000000000000000000000000000000000..dd3eb3ba588d672abc5206d2b5dc87f55796f901
--- /dev/null
+++ b/reuters/training/9015
@@ -0,0 +1,35 @@
+UNIONIST URGES RETALIATION AGAINST JAPAN
+  William Bywater, president of the
+  International Union of Electronic Workers, called on President
+  Reagan to retaliate against Japan for unfair practices in
+  semiconductor trade.
+      He said in a statement a crash program was needed in the
+  semiconductor industry to prevent the United States from
+  becoming "one of the world's industrial lightweights."
+      Bywater's remarks came as the White House Economic Policy
+  Council prepared for a Thursday meeting to decide what
+  sanctions if any should be taken against Japan for alleged 
+  violations of a U.S.-Japanese semiconductors agreement.
+      The pact, agreed to last July, called for Tokyo to end
+  selling semiconductors at below cost and to open its home
+  market to U.S. goods. In return, Washington agreed to forego
+  antidumping duties on Japanese semiconductors.
+      But U.S. officials have said that while Japan has stopped
+  dumping in the U.S. market, it has not ended third country
+  dumping; nor has it opened its market to U.S. semiconductors.
+      Japan yesterday, in an effort to ward off U.S. action,
+  ordered a cutback in semiconductors production as a way to
+  force prices up and end the dumping.
+      Bywater, in his statement, said he backed a Defense Science
+  Board task force proposal to set up a consortium to develop new
+  electronic products and manufacturing processes and make the
+  U.S. industory more competitive.
+      But he added the industry could not wait for legislation to
+  pass and that action was required now to help the depressed
+  electronic industry.
+      Bywater said, "I urge the Reagan Administration to take full
+  and severe action immediately against Japan by invoking the
+  retaliatory steps that are permitted under U.S. law and GATT
+  (General Agreement on Tariffs and Trade)."
+  
+
diff --git a/reuters/training/9018 b/reuters/training/9018
new file mode 100644
index 0000000000000000000000000000000000000000..122b37a75595943cc5b5cf6d1ff7d9aeb5acb9d5
--- /dev/null
+++ b/reuters/training/9018
@@ -0,0 +1,11 @@
+ZAIRE AUTHORIZED TO BUY PL 480 RICE - USDA
+  Zaire has been authorized to
+  purchase about 30,000 tonnes of U.S. rice under an existing PL
+  480 agreement, the U.S. Agriculture Department said.
+      It may buy the rice, valued at 5.5 mln dlrs, between March
+  31 and August 31, 1987, and ship it from U.S. ports by
+  September 30, the department said.
+      The purchase authorization covers the entire quantity of
+  rice provided under the agreement.
+  
+
diff --git a/reuters/training/9020 b/reuters/training/9020
new file mode 100644
index 0000000000000000000000000000000000000000..8abf4f7bd5321c6be850e2a74a8cd585eabcb466
--- /dev/null
+++ b/reuters/training/9020
@@ -0,0 +1,11 @@
+MIDIVEST ACQUIRES ASSETS OF BUSINESS AVIATION
+  <Midivest Inc> said it acquired
+  all the assets of <Business Aviation Inc> of Sioux Falls, S.D.,
+  for an undisclosed amount of stock.
+      Midivest said it expects to sell 10 to 20 of the renovated
+  Beechcraft planes next year. It said management will also lease
+  these airborne intensive care units to hospitals and government
+  subdivisions through Metropolitan Leasing, a wholly-owned
+  subsidiary of Midivest.
+  
+
diff --git a/reuters/training/9021 b/reuters/training/9021
new file mode 100644
index 0000000000000000000000000000000000000000..128fc522cc8135b8652db7244b903505d9011b07
--- /dev/null
+++ b/reuters/training/9021
@@ -0,0 +1,15 @@
+U.S. WHEAT CREDITS FOR JORDAN SWITCHED
+  The Commodity Credit Corporation
+  (CCC) has switched 25.0 mln dlrs in wheat credit guarantees to
+  Jordan under the Export Credit Guarantee Program to the
+  Intermediate Export Credit Guarantee Program, the U.S.
+  Agriculture Department said.
+      The switch reduces the total value of GSM-102 guarantees
+  for the current fiscal year to 30.0 mln dlrs.
+      The credit terms extended for export sales under the
+  Intermediate Export Credit Guarantee Program (GSM-103) must be
+  in excess of three years but not more than seven years.
+      All sales must be registered and exports completed by
+  September 30, 1987, the department said.
+  
+
diff --git a/reuters/training/9022 b/reuters/training/9022
new file mode 100644
index 0000000000000000000000000000000000000000..0fcf657220d855150ce332067c861290bd29ecd4
--- /dev/null
+++ b/reuters/training/9022
@@ -0,0 +1,87 @@
+DOLLAR EXPECTED TO FALL DESPITE INTERVENTION
+  Central bank intervention in the
+  foreign exchange markets succeeded in staunching the dollar's
+  losses today, but senior dealers here believe the U.S. currency
+  is headed for a further retreat.
+      Although the intervention was widespread, dealers perceive
+  that the six major industrial nations have differing levels of
+  commitment to their recent accord to stabilize currencies.
+      Moreover, hard economic realities hold greater sway over
+  the currency market than central bank intervention and these
+  argue for a further dollar decline, dealers said.
+      "The market can be bigger than the central banks. And
+  economic fundamentals will always come to the fore," said a
+  dealer at one major U.S. bank.
+      As the dollar dropped to post-World War II lows against the
+  yen today foreign exchange traders said the Bank of Japan,
+  Federal Reserve Board and Bank of England intervened in the
+  markets on behalf of the U.S. currency.
+      Reports of the authorities' actions helped the dollar
+  recover to about 149.45 yen in New York this afternoon from
+  the post-war low of 148.20 yen in the Far East. But it still
+  failed to regain Monday's U.S. closing level of 150.00/05 yen.
+      Tokyo dealers said the Bank of Japan bought one to 1.5
+  billion dlrs in Tokyo today and may also have purchased dollars
+  yesterday in the U.S. via the Federal Reserve.
+      Meanwhile, there were strong rumors in New York that the
+  Fed also bought a modest amount of dollars around 148.50 yen
+  today. Talk also circulated that the Bank of England purchased
+  a small amount of dollars for yen.
+      The Fed's last confirmed intervention was on January 28
+  when it bought 50 mln dlrs in coordination with the Bank of
+  Japan. But on March 11 the Fed also was rumored to have
+  signalled displeasure with a dollar surge above 1.87 marks.
+      The authorities' actions appeared to back up the February
+  22 Paris pact between the U.S., Japan, West Germany, Britain,
+  France and Canada under which the nations agreed to cooperate
+  to foster exchange rate stability around prevailing levels.
+      But foreign exchange dealers were not overly impressed by
+  the authorities' intervention which they said can only soften
+  extreme moves in the market.
+      For one thing, some dealers believed that the Fed's
+  purchases were done on behalf of the Bank of Japan rather than
+  for the U.S. central bank's own account, suggesting a rather  
+  watered-down American commitment to the currency accord.
+      The Bank of England's action also was thought to be
+  completed on behalf of the Japanese central bank, reinforcing
+  the market's view that Japan is the most resolute of the six
+  nations in its support of the currency pact.
+      "No-one doubts the Bank of Japan is serious. But the other
+  two central banks seem to be making more token gestures than
+  anything else," said Chris Bourdain of BankAmerica Corp.
+      "I'm not convinced the intervention was concerted," said
+  Earl Johnson of Harris Trust and Savings Bank in Chicago. 
+  "It's a yen problem more than anything else."
+      Some dealers said a rising wave of trade protectionist
+  sentiment in the U.S. limits the extent to which the American
+  authorities can endorse a stronger dollar against the yen.
+      "The dollar's break below the key 150 yen level ties the
+  Treasury's hands behind its back. The U.S. cannot intervene on
+  its own account because of the strength of protectionism here,"
+  said Albert Soria of Swiss Bank Corp.
+      Such comments reflect the view that the currency markets
+  are becoming increasingly politicized. Despite official
+  denials, some traders still feel the U.S. would countenance a
+  lower dollar to help trim the nation's trade deficit.
+      The majority of the 170 billion dlr merchandise trade
+  deficit in 1986 was with Japan.
+      Indeed U.S. Treasury secretary James Baker's comment on
+  Sunday that the February currency pact had not established
+  dollar targets was read by the market as a signal to sell the
+  U.S. currency and kicked off the latest retreat.
+      "The dollar still has more room on the downside against the
+  yen based on the frictions in trade and financial services. The
+  currency market is becoming very political," said Natsuo Okada
+  of Sumitomo Bank Ltd.
+      Okada expects the dollar to trade between 148 and 150 yen
+  this week but sees the chance of a drop to 140 yen by the end
+  of April or early May.
+      Even if West Germany and Japan succeed in stimulating their
+  economies, it may not be enough to solve structural economic
+  imbalances in the near future, dealers said.
+      "Even if Japan and West Germany do expand this year, it
+  won't be enough to help the trade situation much," said
+  Bourdain of BankAmerica, who also expects the dollar to drop to
+  148 yen in the next couple of days.
+  
+
diff --git a/reuters/training/9025 b/reuters/training/9025
new file mode 100644
index 0000000000000000000000000000000000000000..9b9efa0e82b6492c75a5da942bd49a20a3d8cc2f
--- /dev/null
+++ b/reuters/training/9025
@@ -0,0 +1,13 @@
+EASTMAN KODAK <EK> TO SELL HOLDINGS
+  Eastman Kodak Co said it plans
+  to sell its 2.3 pct holding in ICN Pharmaceuticals <ICN> and
+  part of its nine pct holdings in Viratek <VIRA>.
+      It said the purpose of the investments had been to lay the
+  groundwork for the creation of its Nucleic Acid Research
+  Institute.
+      Since that has been achieved, there is no longer any reason
+  to maintain the equity positions, Kodak said.
+      Kodak holds 470,000 sahres of ICN, currently trading at
+  about 18-3/4 and 700,000 of Viratek, trading at 44.
+  
+
diff --git a/reuters/training/9027 b/reuters/training/9027
new file mode 100644
index 0000000000000000000000000000000000000000..016fb3de6083f63436d908cf08dbf52f1817dee8
--- /dev/null
+++ b/reuters/training/9027
@@ -0,0 +1,12 @@
+FIRM REDUCES SCEPTRE RESOURCES <SRL> HOLDINGS
+  Montreal-based Noverco Inc told the
+  Securities and Exchange Commission it reduced its stake in
+  Sceptre Resources Ltd to 1,232,200 shares or 4.8 pct of the
+  total outstanding.
+      Noverco said it sold off 400,500 shares "to reduce the
+  investment of Noverco in Sceptre."
+      "Additional common shares of Sceptre may be sold or
+  purchased by Noverco, depending upon market conditions," Noverco
+  said.
+  
+
diff --git a/reuters/training/9029 b/reuters/training/9029
new file mode 100644
index 0000000000000000000000000000000000000000..ee699f609cbeb92f8d449fac0d48d2114400ee31
--- /dev/null
+++ b/reuters/training/9029
@@ -0,0 +1,7 @@
+<ACKLANDS LTD> 1ST QTR FEB 28 NET
+  Shr three cts vs 11 cts
+      Net 126,000 vs 434,000
+      Revs 84.0 mln vs 80.2 mln
+      Avg shrs 4,948,731 vs 3,870,511
+  
+
diff --git a/reuters/training/903 b/reuters/training/903
new file mode 100644
index 0000000000000000000000000000000000000000..3f72e476edf0725077ede5af55366a05e2082e76
--- /dev/null
+++ b/reuters/training/903
@@ -0,0 +1,35 @@
+PHILIPPINE PLANNING CHIEF URGES PESO DEVALUATION
+  The Philippines must devalue the peso if
+  it wants its exports to remain competitive, Economic Planning
+  Secretary Solita Monsod told Reuters.
+      "The peso/dollar rate has to be undercut to make our exports
+  more competitive," Monsod said an interview. "No question about
+  it. I'm saying you cannot argue with success. Taiwan, South
+  Korea, West Germany, Japan, all those miracle economies
+  deliberately undervalued their currencies."
+      The peso has been free-floating since June 1984. It is
+  currently at about 20.50 to the U.S. Dollar.
+      Finance Secretary Jaime Ongpin has said the government does
+  not intend to devalue the peso and wants it to be flexible and
+  able to continue to respond to market conditions.
+      Monsod said Ongpin was looking at the exchange rate from
+  the point of view of finance. "If the dollar rate goes higher,
+  our debt service in terms of pesos gets higher, so the
+  financing is very difficult," she said. "But I am looking at it
+  in terms of the economy."
+      She said she was not trying to oppose official policy.
+      "I'm just saying, keep it competitive. I do not want it to
+  become uncompetitive because then we are dead."
+      Monsod said, "The ideal movement in the peso/dollar rate is
+  a movement that will reflect differences in inflation (rates)
+  of the Philippines versus the other country. It's an arithmetic
+  thing."
+      Official figures show Philippine inflation averaged 0.8 pct
+  in calendar 1986. Ongpin told reporters on Saturday it was
+  expected to touch five pct this year.
+      He said the government and the International Monetary Fund
+  had set the peso/dollar 1987 target rate at 20.80.
+      The peso lost 22.2 pct in value to slump to 18.002 to the
+  dollar when it was floated in 1984.
+  
+
diff --git a/reuters/training/9030 b/reuters/training/9030
new file mode 100644
index 0000000000000000000000000000000000000000..f0a42cb26ba11bcaf1eb14c27fdc089405d009ea
--- /dev/null
+++ b/reuters/training/9030
@@ -0,0 +1,11 @@
+BULL AND BEAR GROUP A <BNBGA> CUTS FUND PAYOUTS
+  Bull and Bear Group A said it lowered
+  its monthly dividends on three of its funds.
+      It said it lowered its Tax Free Income Fund <BLTFX> to 10.3
+  cts from 10.6 cts; its U.S. Government Guaranteed Securities
+  Fund <BBUSX> to 11.5 cts from 11.8 cts; and its High Yield Fund
+  <BULHX> to 14 cts from 14.2 cts.
+      All dividends are payable March 31 to shareholders of
+  record March 25, the company said.
+  
+
diff --git a/reuters/training/9031 b/reuters/training/9031
new file mode 100644
index 0000000000000000000000000000000000000000..585f0d198f63598505ccb018515fad860228698e
--- /dev/null
+++ b/reuters/training/9031
@@ -0,0 +1,15 @@
+CALTEX TO RAISE BAHRAIN OIL PRODUCT PRICES
+  Caltex Petroleum Corp said it will
+  raise
+  posted prices for naphtha and several grades of residual fuel
+  in Bahrain, effective March 25.
+       Caltex, a joint venture of Chevron Corp <CHV> and Texaco
+  INC <TX>, said its naphtha posting is up four cts a gallon to
+  43 cts. It said it is raising its marine diesel oil posting by
+  30 cts a barrel to 20.24 dlrs a barrel.
+      Light, medium, and heavy fuel oil postings are up 1.50 dlrs
+  a barrel, the company said. This will bring the light fuel oil
+  price to 16.90 dlrs, medium to 15.50 dlrs, and heavy to 14.60
+  dlrs, the company said.
+  
+
diff --git a/reuters/training/9032 b/reuters/training/9032
new file mode 100644
index 0000000000000000000000000000000000000000..bd98027ee88d606345dda2779e4d20a096c1325b
--- /dev/null
+++ b/reuters/training/9032
@@ -0,0 +1,44 @@
+CHARTER CO <QCHR> TO COMPLETE REORGANIZATION
+  Charter Co, the huge
+  petrochemical concern in bankruptcy proceedings stemming from
+  hundreds of dioxin-related claims, said it and all of its
+  subsidiaries, except the Independent Petrochemical Corp, will
+  complete their reorganization on March 31.
+      It said that on that date, it will deposit with an escrow
+  agent 288.8 mln dlrs in cash, 66.7 mln dlrs in notes and 31 mln
+  shares of its common for distribution.
+      Company officials were not immediately available for
+  comment.
+      As previously reported, Charter settled dioxin-related
+  claims for about 1,200 individuals and the state of Missouri,
+  resolving claims against it and all subsidiaries except
+  Independent Petrochemical.
+      Charter said some of the settlements remain subject to
+  appeals and final court approvals and resolve claims against
+  charter and its subsidiaries except Independent Petrochemical.
+      It said about 500 individual claims against it and certain
+  of its units remain pending as disputed claims in bankruptcy
+  court. It said about 300 of these claims have been filed since
+  confirmation of the joint plan of reorganization.
+      Charter said its two creditors, an equity committee in its
+  bankruptcy proceedings and <American Financial Corp>, which
+  will own 50.5 pct of its common after the reorganization, have
+  waived the requirement that Charter resolve all dioxin-related
+  claims against it prior to completing its reorganization.
+      That requirement excludes claims against Independent
+  Petrochemical. Charter also said a plan for liquidation of
+  Independent has been approved by the bankruptcy court and will
+  be completed after March 31.
+      Earlier, Charter reported net income for the year of 153.2
+  mln dlrs, which included a gain of 28.5 mln dlrs for
+  discontinued operations and 114.8 mln dlrs for the settlement
+  of claims in its reorganization proceedings.
+      In 1985, it reported earnings of 1,274,000 dlrs, which
+  included a loss of 36.3 mln dlrs for discontinued operations
+  and 29.4 mln dlrs for extraordinary items.
+      For the fourth quarter, it reported earnings of 118.8 mln
+  dlrs, including a gain of 28.6 mln dlrs for discontinued
+  operations and 90.5 mln dlrs mainly for claims settlements. In
+  the year-ago period, Charter reported a loss of 13 mln dlrs.
+  
+
diff --git a/reuters/training/9033 b/reuters/training/9033
new file mode 100644
index 0000000000000000000000000000000000000000..0e20487a25d6427dc0ea432b68c93c833cd8c5b7
--- /dev/null
+++ b/reuters/training/9033
@@ -0,0 +1,12 @@
+NASHUA <NSH> TO PURCHASE PRIVATE DISC MAKER
+  Nashua Corp said it signed a
+  letter of intent to purchase <Lin Data Corp>, a private
+  manufacturer of high-capacity rigid discs for storage of
+  computer data.
+      Under the terms of the letter, Nashua said it will acquire
+  all classes of Lin stock for 24 mln dlrs. In addition, it said
+  it will loan Lin 1,200,000 dlrs to support its operations.
+      The closing of the sale is set for the second quarter of
+  1987, the company said.
+  
+
diff --git a/reuters/training/9034 b/reuters/training/9034
new file mode 100644
index 0000000000000000000000000000000000000000..48ddea3a55c87e4ee68a6a9ff97db5209ac2ae1e
--- /dev/null
+++ b/reuters/training/9034
@@ -0,0 +1,13 @@
+ALTRON INC <ALRN> 4TH QTR JAN 3
+  Shr loss 56 cts vs loss five cts
+      Net loss 1.9 mln vs loss 164,000
+      revs 6.9 mln vs 5.4 mln
+      Year
+      Shr loss 1.15 dlrs vs profit 52 cts
+      Net loss 3.8 mln vs profit 1.7 mln
+      Revs 25.6 mln vs 29.8 mln
+      NOTE: 1987 net loss includes loss 6.5 mln dlrs for
+  nonrecurring reserve for closing costs of facility, writeoffs
+  and sales of real estate.
+  
+
diff --git a/reuters/training/9036 b/reuters/training/9036
new file mode 100644
index 0000000000000000000000000000000000000000..7345137edf409bcc69c7cb880dda157a148c94d5
--- /dev/null
+++ b/reuters/training/9036
@@ -0,0 +1,24 @@
+GENCORP <GY> PROPOSALS WITHDRAWN FROM MEETING
+  GenCorp Inc said it withdrew from
+  consideration at its annual meeting on March 31 proposals aimed
+  at providing for a stock split and an increased dividend so
+  that it could focus its energies on responding to the takeover
+  offer made last week by a partnership of AFG Industries Inc
+  <AFG> and Wagner and Brown.
+      In addition to proposing an increase in the number of its
+  outstanding common shares, GenCorp had suggested the adoption
+  of a classified or "staggered" board and the elimination of
+  cumulative voting.
+      GenCorp said these proposals could "distract energy and
+  attention from the real task at hand -- to respond to the
+  tender offer in a manner which is in the best interests of the
+  company, its shareholders and its other constituencies."
+      GenCorp said the proposal to increase its outstanding
+  shares was made with the aim of declaring a stock split and a
+  dividend increase.
+      The other proposals, it said, would provide for greater
+  long-term stability and cohesiveness for the GenCorp board.
+      The company did not indicate when it might resubmit the
+  proposals for approval by its shareholders.
+  
+
diff --git a/reuters/training/9039 b/reuters/training/9039
new file mode 100644
index 0000000000000000000000000000000000000000..ce4dd54f8de0755fa171acddb491d38b6ea42876
--- /dev/null
+++ b/reuters/training/9039
@@ -0,0 +1,5 @@
+API SAYS DISTILLATE STOCKS OFF 4.07 MLN BBLS, GASOLINE OFF 2.69 MLN, CRUDE UP 8.53 MLN
+
+  API SAYS DISTILLATE STOCKS OFF 4.07 MLN BBLS, GASOLINE OFF 2.69 MLN, CRUDE UP 8.53 MLN
+  
+
diff --git a/reuters/training/904 b/reuters/training/904
new file mode 100644
index 0000000000000000000000000000000000000000..2c617b1aaf4aaa12511094a9ebc61fdf66e8457c
--- /dev/null
+++ b/reuters/training/904
@@ -0,0 +1,10 @@
+U.K. CLEARS CONS GOLD U.S. PURCHASE
+  The U.K. Trade Department said it would
+  not refer Consolidated Goldfields Plc's <CGLD.L> purchase of
+  <American Aggregates Corp> to the Monopolies Commission.
+      Cons Gold said last month that its <ARC America Corp> unit
+  had agreed to buy the Ohio-based company for 30.625 dlrs a
+  share cash, or 242 mln dlrs, in a deal recommended by the
+  Aggregates board.
+  
+
diff --git a/reuters/training/9040 b/reuters/training/9040
new file mode 100644
index 0000000000000000000000000000000000000000..953f1314a4411d2f441a385c19a9928c853c85ff
--- /dev/null
+++ b/reuters/training/9040
@@ -0,0 +1,6 @@
+VERMONT FINANCIAL SERVICES <VFSC> SETS PAYOUT
+  Vermont Financial Services
+  Corp said its board approved a regular 20 cts per share cash
+  dividend payable April 25 to shareholders of record March 26.
+  
+
diff --git a/reuters/training/9041 b/reuters/training/9041
new file mode 100644
index 0000000000000000000000000000000000000000..d60e6708beecb1698b2af9564e397b5df98fcc06
--- /dev/null
+++ b/reuters/training/9041
@@ -0,0 +1,5 @@
+RESORTS INTERNATIONAL GETS BUYOUT PROPOSAL FROM KSZ CO INC
+
+  RESORTS INTERNATIONAL GETS BUYOUT PROPOSAL FROM KSZ CO INC
+  
+
diff --git a/reuters/training/9044 b/reuters/training/9044
new file mode 100644
index 0000000000000000000000000000000000000000..a2dc0c687b82ea7e0d6c40bc0b67cd8f817a209f
--- /dev/null
+++ b/reuters/training/9044
@@ -0,0 +1,6 @@
+GREAT ATLANTIC AND PACIFIC TEA CO INC <GAP> DIV
+  Qtly div 10 cts vs 10 cts prior
+      Payable May one
+      Record April 15
+  
+
diff --git a/reuters/training/9045 b/reuters/training/9045
new file mode 100644
index 0000000000000000000000000000000000000000..6b8474d88d49331c9667c51b7312104bf0254a7f
--- /dev/null
+++ b/reuters/training/9045
@@ -0,0 +1,11 @@
+GARTNER GROUP <GART> ACQUIRES COMTEC PROGRAM
+  Gartner Group Inc said it
+  acquired sole ownership of the COMTEC Market Research Program.
+      Gartner said its wholly-owned subsidiary purchased the
+  interests of its former partners for an aggregate price of
+  1,125,000 plus a percentage of net sales proceeds on future
+  sales of certain products.
+      Prior to the acquisition, Gartner Group owned one-third in
+  the COMTEC partnership, it said.
+  
+
diff --git a/reuters/training/9047 b/reuters/training/9047
new file mode 100644
index 0000000000000000000000000000000000000000..fbc5195c63e0cf6d039c0e861349fc50e46e8e8c
--- /dev/null
+++ b/reuters/training/9047
@@ -0,0 +1,60 @@
+RESORTS INT'L <RT.A> RECEIVES TAKEOVER OFFER
+  Resorts International Inc
+  said it received a proposal from <KSZ Co Inc> under which
+  holders of Resorts class B stock would receive 140 dlrs a share
+  in cash and one share of common stock in a new company to be
+  formed through the takeover.
+      Under the offer, Resorts said holders of its class A shares
+  would receive 15 dlrs a share in cash and three shares of
+  common stock in the new company.
+      Resorts said the offer from KSZ calls for a merger of
+  Resorts with RI Acquisition Co Inc, a newly formed Delaware
+  corporation.
+      Resorts said that prior to the merger, RI Acquisition would
+  be capitalized with about 100 mln dlrs of debt and about 220
+  mln dlrs of equity.
+      It said 200 mln dlrs of the equity would be in the form of
+  special preferred stock.
+      The KSZ offer, Resorts said, indicates that KSZ has a
+  commitment from <M. Davies Cos> to buy all of the special
+  preferred stock.
+      Resorts said the offer will expire at 1700 EST on March 27.
+  It said it asked its investment advisor, Bear, Stearns and Co,
+  to advise its board on the offer.
+      Earlier this month, the estate of James M. Crosby and
+  certian members of his family agreed to sell their class B
+  shares to New York real estate tycoon Donald Trump for 135 dlrs
+  a share. The estate and family members hold 78 pct of the
+  752,297 class B shares outstanding.
+      Trump also agreed to pay 135 dlrs a share for the remaining
+  class B shares outstanding.
+      Resorts also has about 5,680,000 shares of outstanding
+  class A stock. These shares carry one one-hundredth the voting
+  power of the class B shares.
+      Trump's offer beat out a rival bid of 135 dlrs a share made
+  by Pratt Hotel Corp <PRAT>.
+      Resorts said that under the proposal made by KSZ, existing
+  class A and class B shareholders would control about 96 pct of
+  the outstanding common of the new company formed to acquire
+  Resorts.
+      Resorts said the new company, upon completion of the
+  merger, would hold the 220 mln dlrs of debt and that the
+  special preferred stock would immediately be converted into
+  exchangeable participating preferred of the new company.
+      This preferred, Resorts said, would pay a dividend based on
+  the net cash flows from the new company's Paradise Island
+  operations.
+      A Resorts spokesman said the KSZ offer was made in a
+  two-page letter and that Resorts could not comment on it
+  because it did not contain enough information. Resorts has
+  asked Bear, Sterns to obtain complete data, he said.
+      The spokesman said Resorts is not familiar with KSZ but
+  that it believes the company is controlled by Marvin Davis, the
+  Denver oilman.
+      Calls to Davis were referred to Lee Solters, who handles
+  public relations for Davis. Solters, said to be travelling, was
+  not immediately available for comment.
+      Donald Trump was also unavailable for comment, as was a
+  spokesman for the Crosby estate.
+  
+
diff --git a/reuters/training/9048 b/reuters/training/9048
new file mode 100644
index 0000000000000000000000000000000000000000..0554faeaf3050f432cd2c82f90f9eb0d25da7795
--- /dev/null
+++ b/reuters/training/9048
@@ -0,0 +1,25 @@
+CITICORP <CCI> SEES DOUBLING IN RETAIL BANK NET
+  Citicorp expects net income in its
+  individual banking sector to top one billion dlrs by 1993,
+  compared with 462 mln dlrs in 1986, said Richard Braddock, head
+  of Citicorp's individual banking division.
+      "We can double our earnings over the next five to seven
+  years," he told a banking analysts meeting, adding that this
+  forecast may be on the conservative side.
+      He said that bank card operations and the New York branch
+  system would continue to turn in hefty profits but also picked
+  out other developing areas, such as U.S. mortgage and
+  international consumer, as major potential earners.
+      Braddock and his sector heads made the following more
+  specific predictions:
+      - Cost of funds and net credit loss levels in the U.S.
+  bankcard unit will taper off in coming years from 1986's
+  relatively inflated levels.
+      - Customer net revenue in the mortgage banking area will
+  rise to 464.7 mln dlrs in 1987 from 374.3 mln in 1986.
+      - The international consumer business will show 22 pct
+  compound annual growth in earnings between 1986 and 1992.
+      - Private banking earnings will hit 100 mln dlrs in 1987
+  and top 200 mln dlrs in 1992.
+  
+
diff --git a/reuters/training/9049 b/reuters/training/9049
new file mode 100644
index 0000000000000000000000000000000000000000..1f88802ac45472869a5fe532558637e673406e6b
--- /dev/null
+++ b/reuters/training/9049
@@ -0,0 +1,10 @@
+WD-40 CO <WDFC> 2ND QTR FEB 28 NET
+  Shr 35 cts vs 40 cts
+      Net 2,642,000 vs 3,017,000
+      Sales 19.1 mln vs 18.9 mln
+      Six Mths
+      Shr 69 cts vs 70 cts
+      Net 5,178,000 vs 5,299,000
+      Sales 35.6 mln vs 33.8 mln
+  
+
diff --git a/reuters/training/9051 b/reuters/training/9051
new file mode 100644
index 0000000000000000000000000000000000000000..3e68b3e3d9bf74bdb3e4809350e9cc64533f6115
--- /dev/null
+++ b/reuters/training/9051
@@ -0,0 +1,17 @@
+BRAZIL COMPUTER MARKET TO REMAIN CLOSED-MINISTER
+  Brazilian Science and Technology
+  Minister Renato Archer said Brazil will keep its computer
+  market closed to foreign goods in order to give its own infant
+  industry time to develop.
+      "Every country establishes laws to protect its interests.
+  The United States closed their borders at a certain stage to
+  some foreign goods and therefore protected its industrial
+  development. Now it is time for Brazil to do likewise," Archer
+  said at the opening of a national software conference.
+      After several meetings, Brazil and the U.S. Have made no
+  major progress in their computer row, which they have been
+  trying to resolve for the past 18 months.
+      The Reagan administration has objected to Brazil protecting
+  its computer industry from imports.
+  
+
diff --git a/reuters/training/9053 b/reuters/training/9053
new file mode 100644
index 0000000000000000000000000000000000000000..f75a8c3fca8b345845ed5ca6492ea73c688edc02
--- /dev/null
+++ b/reuters/training/9053
@@ -0,0 +1,10 @@
+NORTHERN INDIANA PUBLIC SVC <NI> AGAIN OMITS DIV
+  Northern Indiana Public Service
+  Company said it again omitted its quarterly common stock
+  dividend which would have been payable in May.
+      NIPSCO said it has not paid a qtly dividend since December
+  1985 following an adverse decision by the Indiana Supreme Court
+  denying amortization of about 191 mln dlrs NIPSCO invested in
+  its Bailly N-1 project.
+  
+
diff --git a/reuters/training/9054 b/reuters/training/9054
new file mode 100644
index 0000000000000000000000000000000000000000..341c436323b4cab0d4de8ab3bb31b22c9587ef66
--- /dev/null
+++ b/reuters/training/9054
@@ -0,0 +1,5 @@
+FED'S JOHNSON SAYS DOLLAR STABILIZED AFTER FED TOOK APPROPRIATE ACTION
+
+  FED'S JOHNSON SAYS DOLLAR STABILIZED AFTER FED TOOK APPROPRIATE ACTION
+  
+
diff --git a/reuters/training/9055 b/reuters/training/9055
new file mode 100644
index 0000000000000000000000000000000000000000..b48b07a464c5646d1a5302c688ef4b3f05d00103
--- /dev/null
+++ b/reuters/training/9055
@@ -0,0 +1,43 @@
+FED CHAIRMAN VOLCKER SAYS BANK PROPOSALS A WORRY
+  The chairman of the Federal Reserve
+  Board, Paul Volcker, has written to the chairman of the House
+  Banking Committee to raise concerns about legislative proposals
+  scheduled for consideration Wednesday.
+      Volcker told committee chairman Fernand St. Germain a
+  proposal to deny primary dealer status to firms from countries
+  that do not grant U.S. firms equal access to their government
+  debt markets might invite retaliation against U.S. firms
+  abroad.
+      He added, "even Japan, against whom this proposal seems to
+  be particularly directed," has started opening its markets.
+      In his letter, made available at the Treasury, Volcker also
+  said a proposal to ease debt problems of developing countries
+  by setting up a public facility to buy their debts owed to
+  commercial banks, was a problem.
+      "I believe that the prospect of debt relief would undermine
+  the difficult internal efforts of the borrowing countries to
+  achieve the structural reform that is needed regardless of the
+  policies that are followed on servicing external debt," Volcker
+  said.
+      It might also cause private lenders to become reluctant to
+  extend more credit to the borrowing countries, he said.
+      Volcker said he endorsed comments by Treasury Secretary
+  James Baker "about the inappropriateness of using public
+  resources for purchasing private commercial bank debt, which we
+  both see as an inherent aspect of the proposed international
+  debt facility."
+      He also said a proposal for establishing formal procedures
+  for international negotiations on currency exchange rates "is
+  unrealistic and could well have damaging effects."
+      "For example, the bill's directive to intitiate negotiations
+  in order to achieve a competitive exchange rate for the dollar
+  -- a matter upon which there can be considerable difference
+  among analysts -- runs the risk of building up potentially
+  destabilizing market expectations," Volcker said.
+      He recommended "we should not lock ourselves into formalized
+  procedures for international negotiations" on exchange rates but
+  instead use other, more flexible means like the recent mmeting
+  in Paris between U.S. treasury and central bank representatives
+  and those of major trade allies.
+  
+
diff --git a/reuters/training/9056 b/reuters/training/9056
new file mode 100644
index 0000000000000000000000000000000000000000..45c9b27d2bacfb61b3a1f8983f67440501826c30
--- /dev/null
+++ b/reuters/training/9056
@@ -0,0 +1,6 @@
+BORMAN'S INC <BRF> DECLARES QTLY DIVIDEND
+  Qtly div five cts vs five cts prior
+      Pay June 15
+      Record May 18
+  
+
diff --git a/reuters/training/9058 b/reuters/training/9058
new file mode 100644
index 0000000000000000000000000000000000000000..4f806287539c580ead6b8c784a335e0d4349dfd9
--- /dev/null
+++ b/reuters/training/9058
@@ -0,0 +1,74 @@
+U.S. CORN ACREAGE SEEN NEAR RECORD LOW
+  U.S. corn acreage this year is 
+  likely to drop to the lowest level since the unsurpassed
+  acreage reductions of the 1983 PIK year and could rank as one
+  of the lowest corn plantings in the United States in sixty
+  years, Agriculture Department officials said.
+      USDA releases its official plantings report on March 31.
+  Agriculture Department analysts said next week's figures will
+  likely show a sharp drop in acreage to as low as 65 mln acres,
+  down 22 pct from last year's plantings of 83.3 mln acres.
+      Assuming an 18 mln acre drop in plantings, U.S. corn
+  production will also decrease significantly. Analysts said 1987
+  corn production could drop by over one billion bushels to
+  around seven billion bushels.
+      Expected signup of up to 90 pct in the 1987 feed grains
+  program, along with 1.9 mln acres enrolled in the conservation
+  program, will cause acreage to plummet, Department feedgrain
+  analysts said.
+      "There's no question that there will be a sharp decrease in
+  corn acreage," one said. "It's difficult for any farmer to not
+  go along with the program this year."
+      Soybean acreage is also expected to decline this year but
+  at a much slower rate of around four pct, USDA analysts said.
+      Soybean plantings could drop to 59 mln acres or below, they
+  said, compared to last year's level of 61.5 mln acres.
+      If analysts' unofficial estimates prove correct then the
+  drop in u.s. corn acreage will be the largest since 1983 when
+  farmers idled 22 mln acres in the Payment-In-Kind program.
+      Farmers planted only around 60 mln acres of corn in 1983. A
+  severe drought that summer in major producing states caused
+  yields to tumble and final crop production to total only 4.2
+  billion bushels.
+      Given normal weather conditions this year, USDA analysts
+  said the 1987 corn crop could end up around seven billion
+  bushels, down from last year's crop of 8.3 billion bushels.
+      "This kind of acreage reduction will mean a significant
+  reduction in production," an analyst said.
+      A crop of seven billion bushels is close to the annual U.S.
+  corn usage, so surplus stocks, while not decreasing, would not
+  increase significantly, a specialist said.
+      High producing corn belt states are expected to show the
+  greatest acreage reductions, based upon historical
+  participation in government programs, analysts said.
+      In contrast, soybean acreage is likely to be cut the most
+  in marginal producing areas of the southeast and the western
+  corn belt, a USDA soybean analyst said.
+      "Soybean acreage in the eastern corn belt will not budge,"
+  he said. Neither does he expect any significant acreage cuts in
+  higher-producing delta areas.
+      Soybean production could drop fractionally from last year's
+  2.0 billion bushels to 1.8 to 1.9 billion, he said.
+      U.S. soybean acreage, after soaring to 71.4 mln acres in
+  1979 from only 52 mln acres five years prior to that, has
+  steadily declined in the 1980's.
+      U.S. corn acreage, with the exception of 1983, has been in
+  the low to mid 80-mln acre range for the past 10 years. The
+  highest corn plantings reported in the 60 years that USDA has
+  kept such records was in 1932 when farmers planted 113 mln
+  acres and obtained average yields of 26.5 bushels per acre.
+      Last year U.S. farmers obtained record corn yields
+  averaging 119.3 bushels per acre.
+      "We have absolutely no trouble producing an eight billion
+  bushel crop on only 80 mln acres or so," an analyst said.
+      Corn acreage will probably level at around 65 mln acres as
+  long as government program provisions remain the same, analysts
+  said.
+      Currently farmers enrolling in the program are required to
+  set aside 20 pct of their base acreage and then are eligible
+  for payments of two dlrs per bushel by idling an additional 15
+  pct of their acreage.
+      "To get to the PIK level of 60 mln acres, we would have to
+  provide more incentives," an analyst said.
+  
+
diff --git a/reuters/training/9059 b/reuters/training/9059
new file mode 100644
index 0000000000000000000000000000000000000000..884a1b30e3f31f904fae8bb7694d8535588cb0f4
--- /dev/null
+++ b/reuters/training/9059
@@ -0,0 +1,10 @@
+KIRSCHNER <KMDC> COMPLETES PURCHASE
+  Kirschner Medical corp said it
+  completed the acquisition of Minnesota Mining and
+  Manufacturing's <MMM> orthopedic metal implant line division.
+      The acquisition price is 12.0 mln dlrs in cash, a six mln
+  dlr three year note and 100,000 shares of Kirschner common
+  stock.
+      The division had sales of 11.3 mln dlrs in 1986.
+  
+
diff --git a/reuters/training/9060 b/reuters/training/9060
new file mode 100644
index 0000000000000000000000000000000000000000..4d23118911ab2b3e9fe7c77f9e00484dab4f417c
--- /dev/null
+++ b/reuters/training/9060
@@ -0,0 +1,30 @@
+U.S. SENATORS SEEK TO EXPAND USDA EXPORT BONUS
+  Leading U.S. farm state senators are
+  seeking to insert into the Senate's omnibus trade bill a
+  provision that would broaden eligibility requirements under the
+  U.S. Agriculture Department's export enhancement program, EEP,
+  to include traditional buyers of U.S. farm products, including
+  the Soviet Union, Senate staff said.
+      Under existing criteria, USDA can offer EEP subsidies to
+  recoup export markets lost to competing nations' unfair trading
+  practices.
+      Senate Agriculture Committee Chairman Patrick Leahy (D-Vt.)
+  is leading a group of farm state senators in an effort to
+  broaden the criteria in such a way as to enable Moscow to be
+  eligible for the subsidies, sources said.
+      The senators -- including Senate Finance Committee Chairman
+  Lloyd Bentsen (D-Tex.), Max Baucus (D-Mont.), David Pryor
+  (D-Ark.), John Melcher (D-Mont.) and Thad Cochran (R-Miss.) --
+  also may fold into the trade bill a measure to shield pork
+  producers and processors from Canadian imports.
+      The measure, sponsored by Sen. Charles Grassley (R-Iowa),
+  would clarify the definition of "industry" in determining whether
+  or not imports were causing injury to U.S. producers.
+      Grassley's bill stems from a 1985 decision by the
+  International Trade Commission that imports from Canada of live
+  swine -- but not fresh, chilled and frozen pork -- were harming
+  U.S. producers.
+      The bill's proponents have argued Canada has simply
+  replaced shipments of live hogs with fresh pork.
+  
+
diff --git a/reuters/training/9061 b/reuters/training/9061
new file mode 100644
index 0000000000000000000000000000000000000000..2d61926ae2d54d8ca75a2ea545f9091891e39a76
--- /dev/null
+++ b/reuters/training/9061
@@ -0,0 +1,22 @@
+FED'S JOHNSON SAYS FED ACTED TO STABILIZE DOLLAR
+  Federal Reserve Board Vice Chairman
+  Manuel Johnson said the dollar has stabilized against other
+  currencies after action taken by the Fed.
+      "We have taken the appropriate action and the dollar has
+  stabilized," Johnson said after testifying to a House Banking
+  subcommittee.
+      He did not elaborate on the nature of the action nor when
+  it was taken, but said that it was in the spirit of the
+  agreement reached by six industrial nations in Paris recently.
+      Johnson said the dollar's decline against other currencies
+  such as the Japanese yen has been gradual.
+      Since the accord by the United States, Britain, West
+  Germany, Japan, France and Canada, foreign exchange markets
+  have been closely watching for indications of intervention by
+  central banks to determine the committment by those nations to
+  their agreement.
+      The nations agreed that currency exchange rates were at
+  about the correct levels when the pact was signed earlier this
+  year.
+  
+
diff --git a/reuters/training/9064 b/reuters/training/9064
new file mode 100644
index 0000000000000000000000000000000000000000..2538d91ab85d7609cbbe8d235d1d204efdb243ed
--- /dev/null
+++ b/reuters/training/9064
@@ -0,0 +1,14 @@
+MARYLAND NATIONAL <MDNT> SEES NEW NAME
+  Maryland National Corp, the parent of
+  Maryland National Bank which earlier this month merged with
+  American Security Bank, said its shareholders will vote on a
+  new name for the regional bank holding company at its April 29
+  annual meeting.
+      It said MNC Financial Inc is the proposed new name for the
+  parent company. The banks merged on March 16, and have combined
+  assets of about 14 billion dlrs.
+      Maryland said the new name only will be used for the parent
+  and it does not plan to change the names of Maryland National
+  Bank, American Security Bank or non-bank affiliates.
+  
+
diff --git a/reuters/training/9065 b/reuters/training/9065
new file mode 100644
index 0000000000000000000000000000000000000000..151333a52cadf7176cfadb8fdef70d9175f67815
--- /dev/null
+++ b/reuters/training/9065
@@ -0,0 +1,24 @@
+VENEZUELA TO ANNOUCE PARTNER FOR COAL VENTURE
+  Petroleos de Venezuela S.A will
+  announce within two weeks the name of a foreign consortium it
+  has chosen to help exploit the coal deposits at Guasare in
+  western Zulia state, PDVSA president Juan Chacin Guzman said.
+      Chacin told reporters the foreign partner will provide
+  capital as well as technical and marketing expertise to the
+  Carbozulia project, which the state oil company will manage.
+      PDVSA officials said that among those who bid for the
+  partnership is a consortium between Agip Carbone, a subsidiary
+  of Italy's Ente Nazionale Idrocarburi (ENI), and Atlantic
+  Richfield <ARC> of the United States.
+      Minister of Energy and Mines Arturo Hernandez Grisanti said
+  discussions are currently taking place to finalize the terms of
+  the contract with the foreign partner.
+      PDVSA vice-president Pablo Reimpell said last week the
+  first shipment of coal from the Carbozulia project should be
+  made during the final quarter of 1987, and would measure
+  between 100-150,000 metric tons.
+      Plans call for production to eventually reach 500,000 mt
+  annually. Reimpell said the original investment in the project
+  will be approximately 8 billion bolivars.
+  
+
diff --git a/reuters/training/9066 b/reuters/training/9066
new file mode 100644
index 0000000000000000000000000000000000000000..50d268323fb162c3cc1820bc0b08648753327b8c
--- /dev/null
+++ b/reuters/training/9066
@@ -0,0 +1,12 @@
+GOTTSCHALKS INC <GOT> 4TH QTR NET
+  Shr 37 cts vs 50 cts
+      Net 2,776,000 vs 2,756,000
+      Sales 46.9 mln vs 38.8 mln
+      Avg shrs 7,508,000 vs 5,550,000
+      Year
+      Shr 58 cts vs 55 cts
+      Net 4,021,000 vs 3,005,000
+      Sales 125.9 mln vs 112.8 mln
+      Avg shrs 7,090,000 vs 5,500,000
+  
+
diff --git a/reuters/training/9067 b/reuters/training/9067
new file mode 100644
index 0000000000000000000000000000000000000000..b13ef8473e423f06675a3ec78ae85c26d181018d
--- /dev/null
+++ b/reuters/training/9067
@@ -0,0 +1,5 @@
+BORG-WARNER SAYS IT DISCUSSED POSSIBLE TAKEOVER WITH IRWIN JACOBS
+
+  BORG-WARNER SAYS IT DISCUSSED POSSIBLE TAKEOVER WITH IRWIN JACOBS
+  
+
diff --git a/reuters/training/9068 b/reuters/training/9068
new file mode 100644
index 0000000000000000000000000000000000000000..014df0b7e75fbd902174bc96b6f8ffdc0baf7a87
--- /dev/null
+++ b/reuters/training/9068
@@ -0,0 +1,5 @@
+CYCLOPS CORP SAYS CYACQ'S AMENDED OFFER RESTATES ORIGINAL CONDITIONS
+
+  CYCLOPS CORP SAYS CYACQ'S AMENDED OFFER RESTATES ORIGINAL CONDITIONS
+  
+
diff --git a/reuters/training/9069 b/reuters/training/9069
new file mode 100644
index 0000000000000000000000000000000000000000..b1fccd2d6f3d0fa2c3dcd9a5f820228558866236
--- /dev/null
+++ b/reuters/training/9069
@@ -0,0 +1,44 @@
+U.S. SUGAR QUOTA MAY BE EASED, CONGRESSMAN SAYS
+  The United States may soon ease its
+  1987 sugar import quota of one mln short tons by bringing
+  forward to the third quarter some shipments scheduled for the
+  fourth quarter of 1987, Jerry Huckaby, a leading Congressman
+  representing sugar growers told Reuters in an interview.
+      Huckaby, a Louisiana Democrat and chairman of the House
+  subcommittee which deals with the sugar program, indicated the
+  easing of the quota might be a way to calm the concern about
+  the impact of the severe cut in U.S. sugar imports this year.
+      "With imports coming down from 1.8 mln (last year) to one
+  mln, there is legitimate concern about the impacts on Caribbean
+  countries and the Philippines," Huckaby said.
+      By bringing forward to the third quarter some imports, the
+  quota would effectively be eased by about 250,000 tons.
+      Huckaby said by simply bringing forward to the third
+  quarter of the year sugar imports scheduled for the September
+  to December period "we could get away without having to
+  increase the quota."
+      He noted that some in the sugar industry believe an
+  increase in the quota is justified.
+      Earlier this month, representatives of U.S. cane sugar
+  refiners met with U.S. Agriculture Department officials to
+  request a quota increase of at least 200,000 tons. The refiners
+  said the increase is needed because the quota is so restrictive
+  there could be some spot shortages of sugar in the U.S later
+  this year, a refiner spokesman said.
+      However, the official slaid the USDA replied only that it
+  would consider the request.
+      Following the refiners' request, representatives of the
+  Florida sugarcane producers met with USDA to express opposition
+  to any quota expansion, industry sources said.
+      The statement by Huckaby, who as a representative from a
+  sugar growing district in Louisiana is a leading architect of
+  the current sugar program, indicates at least some grower
+  officials are concerned enough to support an easing of the
+  import quota, industry officials said.
+      Any final decision on easing the quota must be made by the
+  Reagan administration's interagency sugar policy group.
+      Asked about possible quota changes, A USDA official said
+  "As far as I know, changing the quota volume or the quota year
+  is not under active consideration."
+  
+
diff --git a/reuters/training/9072 b/reuters/training/9072
new file mode 100644
index 0000000000000000000000000000000000000000..1a858a94194e4339319e851224de92b264b2c358
--- /dev/null
+++ b/reuters/training/9072
@@ -0,0 +1,24 @@
+CALIFORNIA MICROWAVE <CMIC> TAKES 3RD QTR CHARGE
+  California Microwave Inc said
+  it will take non-recurring charges of 9.7 mln dlrs to pre-tax
+  earnings in the third quarter ended March 31.
+      The company said earnings from operations in the second
+  half, ending June 30, 1987, excluding the charges, are expected
+  to be in the break-even range.
+      In the second half of 1986 net earnings were 2,297,000
+  dlrs, or 29 cts per share.
+      The company said the charges relate to its
+  telecommunications products area and three other areas.
+      California Microwave previously estimated the write-downs
+  in the six to eight-mln-dlr range. It said it will add to that
+  a reserve for investment losses in Argo Communications Corp.
+      Also to be included in the write-down are charges against
+  its advances to an Arizona-based communications electronics
+  firm the company has an option to acquire, it said.
+      In addition, accruals are being made for costs associated
+  with the company's reduction in its Sunnyvale work force.
+      California Microwave said the write-downs should have a
+  nominal cash impact, as the company already has paid for the
+  assets being written down.
+  
+
diff --git a/reuters/training/9073 b/reuters/training/9073
new file mode 100644
index 0000000000000000000000000000000000000000..96ea200850099d0a545d96fe8ed8b4b34feca8d8
--- /dev/null
+++ b/reuters/training/9073
@@ -0,0 +1,5 @@
+CRS SIRRINE PLANS MAJOR RESTRUCTURING, WRITE OFF OF UP 43 MLN DLRS
+
+  CRS SIRRINE PLANS MAJOR RESTRUCTURING, WRITE OFF OF UP 43 MLN DLRS
+  
+
diff --git a/reuters/training/9074 b/reuters/training/9074
new file mode 100644
index 0000000000000000000000000000000000000000..27b656260956cbf535e1598c045d77881f3375aa
--- /dev/null
+++ b/reuters/training/9074
@@ -0,0 +1,6 @@
+H.F. AHMANSON AND CO <AHM> QTLY DIVIDEND
+  Shr 22 cts vs 22 cts prior qtr
+      Pay June one
+      Record May 12
+  
+
diff --git a/reuters/training/9075 b/reuters/training/9075
new file mode 100644
index 0000000000000000000000000000000000000000..5c464a49060313c19702bf8228644c6898c2a327
--- /dev/null
+++ b/reuters/training/9075
@@ -0,0 +1,25 @@
+BORG-WARNER <BOR> TELLS OF TALKS WITH JACOBS
+  Borg-Warner Corp said it has had
+  discussions with Irwin Jacobs on his interest in the
+  possibility of Minstar Inc <MNST>, a Jacobs controlled company,
+  being given access to certain non-public information about
+  Borg-Warner.
+      In late February, an investor group headed by Jacobs
+  offered 44 dlrs a share, or 3.29 billion dlrs, to take over
+  Borg-Warner.
+      Borg-Warner said it advised Jacobs that before its board
+  would give Minstar access to company records Minstar would have
+  to provide satisfactory evidence that sufficient financing was
+  committed to carry out whatever transaction was proposed.
+      A Borg-Warner spokesperson said the discussions with Jacobs
+  and other Minstar officials focused on terms and conditions
+  under which the company would consider granting Minstar access
+  to the information it was seeking.
+      The Borg-Warner spokesperson said the company has not been
+  able to reach an agreement with Minstar, and Borg-Warner has
+  not granted Minstar access to any records.
+      There can be no assurance that there will be further
+  discussions with Jacobs or that any agreement will be reached,
+  the company added.
+  
+
diff --git a/reuters/training/9076 b/reuters/training/9076
new file mode 100644
index 0000000000000000000000000000000000000000..eadc99ea1b0a695b0b46773c0ede566253e169f1
--- /dev/null
+++ b/reuters/training/9076
@@ -0,0 +1,53 @@
+CANADA VOWS TO FIGHT U.S. POTASH ACTION
+  External Affairs Minister Joe Clark
+  today vowed to do everything possible to fight the U.S. action
+  against Canadian potash exports, but also warned against
+  raising the alarm too early in the dispute.
+      In the latest flashpoint in Canadian-U.S. trade relations,
+  the U.S. International Trade Commission ruled unanimously
+  Monday that Canadian potash shipments valued at 270 million
+  U.S. dlrs last year were injuring the U.S. industry.
+      "We certainly intend to do everything we can to insure that
+  Canadian interests are well protected," Clark told the House of
+  Commons in the daily question period.
+      But he said the opposition parties should be careful "not
+  to raise false alarms too early."
+      The case now goes before the U.S. Commerce Department's
+  trade division to determine if a duty should be imposed. Potash
+  producers from New Mexico, claiming unfair government
+  subsidies, are seeking a 43 pct tariff on Canada's shipments.
+      Canada, the world's largest potash producer, exported 9.8
+  mln metric tonnes of potash last year, with nearly a third
+  going to the U.S.
+      Most of the potash, used in the production of fertilizer,
+  comes from provincially owned mines in Saskatchewan.
+      In the Commons, Liberal member Lloyd Axworthy branded the
+  ruling as just another "trade harrassment" from the U.S. and
+  criticized Clark's assurances the country's interests would be
+  protected.
+      "We received exactly the same kind of assurances in the
+  softwood lumber case that was totally fumbled and bumbled,"
+  Axworthy said.
+      Canada's Progressive Conservative government agreed to
+  impose a 15 pct duty on its softwood lumber exports earlier
+  this year to end a long and bitter bilateral trade dispute with
+  the U.S.
+      Axworthy urged the government to present Canada's case to
+  world trade authorities under the General Agreement on Tariffs 
+  and Trade.
+      But Clark maintained the potash dispute was another example
+  of why Canada needs to find a new way to settle bilateral
+  irritants in the free trade negotiations under way with the
+  U.S.
+      "What we are seeking to do is put in place a better
+  system," Clark said.
+      Meanwhile, Saskatchewan Trade Minister Bob Andrew expressed
+  confidence Canada would win its case, claiming the problem
+  stems from low international commodity prices and not
+  government subsidies.
+      "The reality of the problem and the injury is caused
+  worldwide," he said. "It's caused by a downturn in the
+  commodity price for fertilizer, whether it's potash fertilizer,
+  nitrogen fertilizer or whatever."
+  
+
diff --git a/reuters/training/9077 b/reuters/training/9077
new file mode 100644
index 0000000000000000000000000000000000000000..1283c786db024c6f0ac1f7fefa8b055e7e474078
--- /dev/null
+++ b/reuters/training/9077
@@ -0,0 +1,20 @@
+TRINTOC, UNION CARBIDE TO BUILD METHANOL PLANT
+  Trinidad and Tobago is
+  finalizing arrangements with Union Carbide <UK> of the United
+  States and Snamprogetti of Italy for the construction of a
+  1,500 tonnes per day methanol plant, Energy Minister Kelvin
+  Ramnath said.
+      Ramnath said the ministry is now holding talks with Union
+  Carbide on the price of natural gas to be used in the plant,
+  which will be constructed near the Trinidad and Tobago oil
+  company (Trintoc) refinery at Point Fortin on the west coast.
+      Snamprogetti built the first methanol refinery on trinidad
+  five years ago.
+      Trintoc is likely to put up land, refinery plant and
+  machinery as equity. If negotiations go smoothly, ramnath said,
+  construction could begin by next january.
+      The government of prime minister A.N.R. Robinson is hoping
+  to lue new investors to the twin-island state's petrochemical
+  industry, in order to make use of new findings of natural gas.
+  
+
diff --git a/reuters/training/9079 b/reuters/training/9079
new file mode 100644
index 0000000000000000000000000000000000000000..f4ae68fffc8d33f3bd3b181ad211b697a9d6f6b1
--- /dev/null
+++ b/reuters/training/9079
@@ -0,0 +1,11 @@
+VOLCKER CALLS DOLLAR SLIDE ENOUGH
+  Federal Reserve Board Chairman Paul
+  Volcker said that the dollar's slide in currency markets has
+  been enough, a Fed spokesman said.
+      The spokesman confirmed that Volcker, who spoke to a group
+  of financial analysts, said in answer to a question about the
+  dollar's recent slide that "enough is enough."
+      Volcker has often expressed concern about the dollar
+  falling too rapidly in currency markets.
+  
+
diff --git a/reuters/training/908 b/reuters/training/908
new file mode 100644
index 0000000000000000000000000000000000000000..6463ede783caee9901489ba1b6521d15800519c4
--- /dev/null
+++ b/reuters/training/908
@@ -0,0 +1,24 @@
+ZAIRE ACCEPTS TIN-EXPORT QUOTA, ATPC SAYS
+  Zaire agreed to limit its tin
+  exports to 1,736 tonnes for 12 months from March 1 in line with
+  an Association of Tin Producing Countries (ATPC) plan to curb
+  exports, the ATPC said.
+      ATPC Executive Director Victor Siaahan told Reuters he
+  received a telex from Zaire indicating its willingess to take
+  part in the plan to limit total ATPC exports to 96,000 tonnes
+  for a year from March 1.
+      Siaahan said Zaire is expected to produce 1,900 tonnes of
+  tin in calendar 1987, and that in 1986 its output and exports
+  were about 1,200 tonnes.
+      The ATPC hopes to cut the 70,000-tonne world surplus by
+  20,000 tonnes and boost prices.
+      All ATPC members except Zaire and Australia recently agreed
+  to adhere to the export quotas allocated them under the plan.
+  Australia said its quota of 7,000 tonnes was roughly equal to
+  its expected output this year.
+      The ATPC consists of Malaysia, Indonesia, Thailand,
+  Bolivia, Australia, Nigeria and Zaire.
+      China and Bolivia, important producers of tin, are not
+  members.
+  
+
diff --git a/reuters/training/9081 b/reuters/training/9081
new file mode 100644
index 0000000000000000000000000000000000000000..65d05e9990d82600984edbcb0268bd9c1b26b429
--- /dev/null
+++ b/reuters/training/9081
@@ -0,0 +1,14 @@
+RB INDUSTRIES <RBI> COMPLETES STORE SALES
+  RB Industries Inc said it completed
+  the sale of its W and J SLoane Division to Laurence Crink Jr
+  and a group of investors.
+      The definitive agreement provides for a closing on April 1,
+  1987. The division consists of four W and J Sloane furniture
+  store in Los Angeles and Orange counties.
+      RB Industries also said it recently secured a five-year
+  8.573 pct secured 9.9-mln-dlr loan on its Irvine property from
+  a major institution. Proceeds will be used to retire existing
+  bank debt, for working capital and to retire a portion of its
+  outstanding 12 pct debentures.
+  
+
diff --git a/reuters/training/9087 b/reuters/training/9087
new file mode 100644
index 0000000000000000000000000000000000000000..48733677adda51b4872da3e8818e7b55d5d840b9
--- /dev/null
+++ b/reuters/training/9087
@@ -0,0 +1,23 @@
+GENCORP <GY> TAKEOVER GROUP CANCELS HEARING
+  The investor group seeking to acquire
+  GenCorp Inc said it agreed to cancel a court hearing after
+  GenCorp withdrew three proposals that, if approved, would have
+  made it more costly and difficult to acquire the Akron,
+  Ohio-based company.
+      Earlier today GenCorp said it will not ask shareholders to
+  approve an increase in the number of its outstanding shares,
+  the election of a staggered board of directors and the
+  elimination of cumulative voting.
+      However, the group said it will continue to try to block
+  GenCorp's poison-pill provision.
+      The group, a partnership of AFG Industries Inc <AFG> and
+  <Wagner and Brown>, was to go to court on March 27 to block
+  GenCorp for having the three proposals voted on by shareholders
+  at its annual meeting.
+      GenCorp said it withdrew the proposals so that it could
+  focus its attention on the takeover offer.
+      The takeover partnership said it has asked to meet with
+  GenCorp to negotiate a repeal of the company's poison pill
+  plan.
+  
+
diff --git a/reuters/training/9088 b/reuters/training/9088
new file mode 100644
index 0000000000000000000000000000000000000000..5562498be3fc49a619ede6a28891b3b574400fd6
--- /dev/null
+++ b/reuters/training/9088
@@ -0,0 +1,17 @@
+GENCORP <GY> FIXES RIGHTS SEPARATION DATE
+  Gencorp Inc said that because it is
+  continuing to evaluate General Acquisition Inc's tender offer
+  it has fixed April 3, subject to further extension, as the date
+  the rights to purchase preferred shares will trade separately
+  from the common stock as a result of the tender offer.
+      This extension of the expiration date is conditioned on no
+  person acquiring beneficial ownership of 20 pct or more of
+  Gencorp's common stock prior to April 3, it said.
+      Gencorp said it could distribute the rights certificates to
+  shareholders 10 to 30 days after the March 18 acquisition offer
+  was made.
+      However, rather than leaving the expiration date in a
+  range, the board decided to set April 3 as the day it will
+  distribute the preferred share purchase rights.
+  
+
diff --git a/reuters/training/9090 b/reuters/training/9090
new file mode 100644
index 0000000000000000000000000000000000000000..58893d8a73755553a14ec827c7c26c627fe69797
--- /dev/null
+++ b/reuters/training/9090
@@ -0,0 +1,12 @@
+AMERICAN INTERNATIONAL <AIG> SELLS AFRICAN UNIT
+  American International Group Inc said
+  it sold its South African subsidiary, American International
+  Insurance Co Ltd, to Johannesburg Insurance Holdings Ltd, a
+  holding company owned by a consortium of shareholders led by
+  Rand Merchant Bank.
+      Terms were not disclosed and company officials were
+  unavailable for comment.
+      With the conclusion of the sale, American International has
+  entirely divested itself of its holdings in South Africa.
+  
+
diff --git a/reuters/training/9091 b/reuters/training/9091
new file mode 100644
index 0000000000000000000000000000000000000000..1a4bd49f1cb20dd19c0ea0a759348c9078c5573c
--- /dev/null
+++ b/reuters/training/9091
@@ -0,0 +1,10 @@
+OXFORD INDUSTRIES INC <OXM> 3RD QTR FEB 27
+  Shr 25 cts vs 21 cts
+      Net 2.8 mln vs 2.3 mln
+      Revs 135.0 mln vs 119.0 mln
+      Nine months
+      Shr 80 cts vs 70 cts
+      Net 8.9 mln vs 7.7 mln
+      Revs 407.7 mln vs 403.7 mln
+  
+
diff --git a/reuters/training/9093 b/reuters/training/9093
new file mode 100644
index 0000000000000000000000000000000000000000..bf7682c4e1c39fac5d2fa07b6a5f0843244d4b31
--- /dev/null
+++ b/reuters/training/9093
@@ -0,0 +1,7 @@
+PORTUGAL MAY HAVE PURCHASED U.S. CORN
+  Portugal may have purchased a 30,000
+  tonne cargo at its tender today for up to 43,000 tonnes of
+  number two yellow corn (14.5 pct maximum moisture) for arrival
+  by April 30, shipment via Gulf ports, U.S. exporters said.
+  
+
diff --git a/reuters/training/9094 b/reuters/training/9094
new file mode 100644
index 0000000000000000000000000000000000000000..7837ba5d4b39bdb4cfa4b6162c9c14347e7e724b
--- /dev/null
+++ b/reuters/training/9094
@@ -0,0 +1,7 @@
+TAIWAN TENDERING THURSDAY FOR U.S. CORN
+  Taiwan will tender Thursday, March 26,
+  for a total of 356,000 tonnes of U.S. number two yellow corn
+  (14.5 pct moisture) for various Sept/Dec shipments via Gulf or
+  Pacific Northwest ports, U.S. exporters said.
+  
+
diff --git a/reuters/training/9095 b/reuters/training/9095
new file mode 100644
index 0000000000000000000000000000000000000000..dc335d72307b8b443d9cdb0881b389b7fc4cc3e6
--- /dev/null
+++ b/reuters/training/9095
@@ -0,0 +1,7 @@
+SRI LANKA TENDERING OVERNIGHT FOR WHEAT
+  Sri lanka will tender overnight for
+  52,500 tonnes of U.S., Canadian and/or Australian wheats for
+  April 8/16 shipment, under the Export Enhancement Program if
+  U.S. origin, U.S. exporters said.
+  
+
diff --git a/reuters/training/9097 b/reuters/training/9097
new file mode 100644
index 0000000000000000000000000000000000000000..bb5d5f463f1d89ff4848ad56f03630a07cf0d289
--- /dev/null
+++ b/reuters/training/9097
@@ -0,0 +1,18 @@
+<DIGIGRAPHIC SYSTEMS CORP> 4TH QTR OPER LOSS
+  Oper shr loss one ct vs loss seven cts
+      Oper net loss 80,640 vs loss 787,738
+      Revs 933,183 vs 3,346,627
+      Avg shrs 6,122,378 vs 8,451,578
+      Year
+      Oper shr loss 75 cts vs loss 1.10 dlrs
+      Oper net loss 5,120,206 vs loss 9,288,996
+      Revs 5,846,962 vs 18,679,090
+      Avg shrs 6,805,951 vs 8,387,802
+      NOTE: Earnings exclude losses from discontinued operations
+  of 178,437 dlrs, or three cts a share vs 154,767 dlrs, or two
+  cts a share in the quarter and losses of 706,984 dlrs, or 10
+  cts a share vs 572,100 dlrs, or seven cts a share for the year
+      1986 year earnings exclude gain from early extinguishment
+  of debt of 11,318,289 dlrs, or 1.66 dlrs a share
+  
+
diff --git a/reuters/training/9098 b/reuters/training/9098
new file mode 100644
index 0000000000000000000000000000000000000000..9b873a7adf26a072a8f6117f7f1469db2e5fda64
--- /dev/null
+++ b/reuters/training/9098
@@ -0,0 +1,14 @@
+BAYOU <BYOU> IN DEFINITIE MERGER AGREEMENT
+  Bayou Resources Inc said it reached an
+  definite agreement to be acquired by Patrick Petroleum Co
+  through a stock and cash transaction valued at six dlrs per
+  Bayou share.
+      Bayou also reported net loss of three cts or 23,024 dlrs
+  for the fourth quarter compared with a net income of 10,128
+  dlrs or one cts a year. Revenues fell to 532,807 dlrs from
+  769,465 dlrs a year ago.
+      For the year, Bayou reported a net loss of 14 cts or
+  116,793 dlrs compared to a net income of 23 cts or 203,372
+  dlrs. Revenues fell to 2.4 mln dlrs from 3.3 mln dlrs.
+  
+
diff --git a/reuters/training/9100 b/reuters/training/9100
new file mode 100644
index 0000000000000000000000000000000000000000..dd1e05c0cc879601928661c61503ae7166dbbb84
--- /dev/null
+++ b/reuters/training/9100
@@ -0,0 +1,13 @@
+TRANSCONTINENTAL <TGP> FILES NEW OFFER
+  Transcontinental Gas Pipe Line Corp
+  said that it is not willing to accept the Federal Energy
+  Regulatory Commission's conditioned approval of its proposed
+  offer of settlement dated May 13.
+      Transco said it filed a revised settlement proposal which
+  would permit it to become an open access transporter while
+  restructuring gas sales services.
+      The new offer includes a gas supply inventory charge to
+  customers who fail to buy 60 pct of their annual contract
+  quantities and 35 pct of their summer contract quantities.
+  
+
diff --git a/reuters/training/9101 b/reuters/training/9101
new file mode 100644
index 0000000000000000000000000000000000000000..203dcb8ff63a0fe1965310d2701dcf4d43e620c1
--- /dev/null
+++ b/reuters/training/9101
@@ -0,0 +1,13 @@
+COMPUTER IDENTICS CORP <CIDN> 4TH QTR
+  Shr loss 44 cts vs loss 20 cts
+      Net loss 2.4 mln vs loss 880,000
+      Revs 2.4 mln vs 2.6 mln
+      Year
+      Shr loss 87 cts vs loss 11 cts
+      Net loss 4.3 mln vs loss 494,000
+      Revs 9.0 mln vs 12.0 mln
+      NOTE:1986 includes restructuring charges of 2.1 mln dlrs
+  and loss of foreign affiliates of 2.0 mln dlrs. 1985 includes
+  loss from foreign affiliates of 173,000 dlrs.
+  
+
diff --git a/reuters/training/9102 b/reuters/training/9102
new file mode 100644
index 0000000000000000000000000000000000000000..7ba94ce6ee4a8d4b0698cadecfb628a363fadb4c
--- /dev/null
+++ b/reuters/training/9102
@@ -0,0 +1,12 @@
+FLEET TO ACQUIRE ASSETS OF MARK IV <IV> UNIT
+  <Fleet Aerospace Corp>
+  said it agreed in principle to acquire the assets and
+  operations of the Engineered Magnetics division of Gulton
+  Industries Inc, a unit of Mark IV Industries Inc.
+      Terms were undisclosed.
+      Los Angeles-based Engineered Magnetics designs and produces
+  custom power conversion systems mainly for use in the defense
+  and aerospace industries. Its revenues for the year ended
+  February 28 totaled about 20 mln Canadian dlrs.
+  
+
diff --git a/reuters/training/9103 b/reuters/training/9103
new file mode 100644
index 0000000000000000000000000000000000000000..21c2e2c41db361eda83e83fafb8261ce0641b5a2
--- /dev/null
+++ b/reuters/training/9103
@@ -0,0 +1,6 @@
+MIKRON INSTRUMENT CO <MIKR> 1ST QTR JAN 31
+  Shr three cts vs four cts
+      Net 30,969 vs 18,230
+      Revs 956,971 vs 702,994
+  
+
diff --git a/reuters/training/9104 b/reuters/training/9104
new file mode 100644
index 0000000000000000000000000000000000000000..a46829eb55b82c9002bf6808d384cdf15034e575
--- /dev/null
+++ b/reuters/training/9104
@@ -0,0 +1,13 @@
+GOLDEN NORTH HAS ENCOURAGING DRILL RESULTS
+  Golden North
+  Resource Corp said said surface and underground drilling on the
+  Canty project and Mascot fraction at its Nickel Plate Mountain
+  property in British Columbia returned encouraging gold assays.
+      It said one Canty hole encountered several mineralized
+  intervals including 11 feet grading 0.342 ounce gold a short
+  ton from 86 to 97 feet and 17 feet grading 0.756 ounce gold ton
+  from 170.5 feet to 187.5 feet.
+      A Mascot fraction hole returned assays including 0.190
+  ounce gold ton over seven feet between 57 and 64 feet, it said.
+  
+
diff --git a/reuters/training/9107 b/reuters/training/9107
new file mode 100644
index 0000000000000000000000000000000000000000..c83c46f1d90eb85e4a5819ba69979619fa278dcf
--- /dev/null
+++ b/reuters/training/9107
@@ -0,0 +1,10 @@
+AUSTN FEB ANNUAL M3 MONEY SUPPLY RISES 11.2 PCT
+  The annual growth of Australia's m3
+  money supply rose by 11.2 pct in the year ended February
+  compared with January's 10.7 pct, the Reserve Bank said.
+      This was down from 14.0 pct in February last year.
+      In February m3 rose by 0.6 pct compared with 0.8 in January
+  and a February 1986 rise of 0.1 pct.
+   More
+  
+
diff --git a/reuters/training/9108 b/reuters/training/9108
new file mode 100644
index 0000000000000000000000000000000000000000..c24350ace45800236c54ebef3e3b29f34e25fd21
--- /dev/null
+++ b/reuters/training/9108
@@ -0,0 +1,14 @@
+PS GROUP <PSG>, USAIR <U> MOVE UP DEADLINE
+  PS Group Inc said it and
+  USAir Group agreed to move up the completion date of USAir's
+  acquisition of Pacific Southwest Airlines to April 30 from
+  September 30 originally.
+      If the acquisition does not take place by April 30, either
+  party may terminate the agreement, the company said.
+      The deadline has been moved up because the Department of
+  Transportation and PS Group shareholders have already approved
+  the transaction, the company said.
+      A Teamsters Union agreement to certain labor contract
+  conditions remains to be resolved under the pact.
+  
+
diff --git a/reuters/training/9110 b/reuters/training/9110
new file mode 100644
index 0000000000000000000000000000000000000000..6c5ce40a7cfe0f2972a8ae98b03e55406a1d99dc
--- /dev/null
+++ b/reuters/training/9110
@@ -0,0 +1,68 @@
+MERGERS, PUBLIC OFFERS SEEN AMONG CAR DEALERS
+  Automobile dealerships have become
+  large, multi-store operations, and the largest sell more than 1
+  billion dlrs a year worth of vehicles a year.
+      Around the auto industry there is talk of mergers and
+  buyouts among dealerships, and there are rumors that the
+  largest are considering offering shares to the public, analysts
+  say.
+      Retail car sales "are at a point of transition. There's not
+  much that's off the table in terms of creative thinking" about
+  ways to sell cars, says David Cole, analyst with the University
+  of Michigan's Transportation Research Institute.
+      The retail car market is "much more freeform now" than it
+  was in 1956, the year things began to change, says Detroit
+  analyst Arvid Jauppi of Arvid Jauppi and Associates.
+      Thirty years ago, in 1956, the situation was different.
+  Dealerships sold one kind of car--a "Chevy" or a Ford or a
+  Studebaker. The average dealer had 17 employees and sold
+  738,000 dlrs worth of vehicles, according to the National
+  Automobile Dealers Association.
+      That year a tiny car from overseas--Germany's Volkswagen
+  Beatle--began to gain popularity. The "Bug" caused "a
+  rebellion" among dealers, who demanded greater freedom from
+  restrictions placed on them by the major American automakers,
+  says Jauppi.
+      One of the most visible changes in retail car sales has
+  been in the size of dealerships, auto analysts say. Last year,
+  the average dealership had 11.2 mln dlrs in sales--a 15-fold
+  increase from 1956--and employed 34 workers.
+      "I had one of these guys tell me he makes six, seven mln
+  dlrs a year and didn't know what to do with all his money,"
+  says Cole.
+      "There's a whole lot more rich guys who sell cars than that
+  make cars," he says.
+      With the increase in size, large dealers have been buying
+  up other dealerships, and auto analysts see few signs the trend
+  will let up.
+      Donald Keithley, vice president, dealer services, for J.D.
+  Power, a California-based market research firm, says that, by
+  1990, 12,000 people will own dealerships compared to 16,800
+  principal owners today.
+      Many dealers are experimenting with owning several
+  franchises, some of which might compete against each other. "It
+  used to be a Chevrolet dealer was a Chevrolet dealer. Now a
+  Chevrolet dealer might handle several lines," Jauppi says.
+      As dealers get bigger, industry officials are talking about
+  the possibility that some of them might become publicly-owned
+  or open international operations.
+      Offering shares to the public is an option large dealers,
+  "are obviously thinking of very seriously," says Cole.
+      Although some say the franchise system might get in the way
+  of a public offering, Jauppi says there are few obstacles to
+  trading in car dealer shares.
+      "Dealers are large enough now to go public. The only thing
+  the manufacturer cares about is that the dealer sells those
+  cars. It could happen any time," Jauppi says.
+      "If you look at the whole merger mania, and look at the
+  scale some of these dealers, it's going to be very hard to
+  resist taking them public," said another analyst.
+      And Jauppi says that dealerships can be expected to become
+  international.
+      "We're going to have international dealers--dealer networks
+  that are worldwide," he says. U.S. dealers will be attracted
+  particularly to Europe, where the market will expand faster
+  than the U.S., he says.
+      "It's not totally off the wall," says Cole.
+  
+
diff --git a/reuters/training/9111 b/reuters/training/9111
new file mode 100644
index 0000000000000000000000000000000000000000..e5c1d414098d369344ab0560045386a70e3e2f84
--- /dev/null
+++ b/reuters/training/9111
@@ -0,0 +1,11 @@
+COMPREHENSIVE CARE CORP <CMPH> 3RD QTR NET
+  Qtr ended Feb 28
+      Shr 17 cts vs 22 cts
+      Net 2,041,000 vs 3,329,000
+      Revs 46.6 mln vs 48.9 mln
+      Nine mths
+      Shr 65 cts vs 82 cts
+      Net 9,290,000 vs 12.7 mln
+      Revs 142.7 mln vs 139.8 mln
+  
+
diff --git a/reuters/training/9112 b/reuters/training/9112
new file mode 100644
index 0000000000000000000000000000000000000000..d2b43ce061a1161d18f8c5e041157dc6b440e203
--- /dev/null
+++ b/reuters/training/9112
@@ -0,0 +1,38 @@
+CHAPMAN <CHPN> IN RESTRUCTURING
+  Chapman Energy INc said it is launching
+  a major restructuring which, if not approved, it will have no
+  alternative but to seek protection under Chapter 11.
+      Under the plan, Chapman will exchange securities and cash
+  for all outstanding 12 pct senior subordinated debentures due
+  2000 and will sell a controlling interest to Troon Partners
+  Ltd.
+     The agreement with Troon requires Troon to advance 6.5 mln
+  dlrs partially secured by a first mortgage lien on the
+  company's interest in its natural gas pipeline partnership and
+  Troon to tender 100,000 principal amount of debentures to
+  Chapman.
+      Proceeds of the loan will be used for the cash portion of
+  the restructuring. Troon will acquire a majority stock interest
+  and control of the board.
+      In addition, Chapman and Troon will establish a 10 mln dlrs
+  acquisition joint ventures, it said.
+      The plan also contemplates establishing a restructured loan
+  providing for one master credit agreement having an aggregate
+  balance of 22.4 mln dlrs.
+      The plan also contemplates the recapitalization of
+  preferred stock whereby each share will be converted into three
+  shares of common stock.
+      Chapman also said it also plans to negotiate settelment and
+  discharge of a substantial portion of its accounts payable and
+  settlement of certain litigation.
+      If approved by various creditors and shareholders, the
+  company expects the plan to be completed by May 29.
+      Chapman also repoted a loss of 43.4 mln dlrs for the year,
+  including asset writedowns of 35.5 mln dlrs, compared to
+  December 31, compared to a net income of 177,243 in 1985.
+      The 1986 loss resulted in shareholders' deficiency of 15
+  mln dlrs compared to shareholder's equity of 28.9 mln last
+  year.
+      Total assets decreased to 35.6 mln dlrs from 81.8 mln dlrs.
+  
+
diff --git a/reuters/training/9113 b/reuters/training/9113
new file mode 100644
index 0000000000000000000000000000000000000000..808514afd4bf3b5dabb8541fb8a3726bdf2848fd
--- /dev/null
+++ b/reuters/training/9113
@@ -0,0 +1,7 @@
+VESTAR INC <VSTR> YEAR LOSS
+  Shr loss 98 cts vs loss 1.11 dlrs
+      Net loss 3,863,000 vs loss 3,483,000
+      Revs 1,081,000 vs 799,000
+      Note: 4th qtr data not given.
+  
+
diff --git a/reuters/training/9115 b/reuters/training/9115
new file mode 100644
index 0000000000000000000000000000000000000000..6dca4e61d8be4bab169fae98071523615d323ab0
--- /dev/null
+++ b/reuters/training/9115
@@ -0,0 +1,7 @@
+<STERLING BANCORP> YEAR NET
+  Shr 1.13 dlrs vs 87 cts
+      Net 1,064,489 ca 780,712
+      Assets 106.8 mln vs 102.5 mln
+      Note: 4th qtr data not given.
+  
+
diff --git a/reuters/training/9116 b/reuters/training/9116
new file mode 100644
index 0000000000000000000000000000000000000000..3da8cc85a88ea3a5b17466720f30b838f52a76ee
--- /dev/null
+++ b/reuters/training/9116
@@ -0,0 +1,6 @@
+FIRST NEW HAMPSHIRE BANKS INC DIV
+  Qtly div 15 cts vs 15 cts prior
+      Payable May one
+      Record April 10
+  
+
diff --git a/reuters/training/9117 b/reuters/training/9117
new file mode 100644
index 0000000000000000000000000000000000000000..1d5eb6a2e2832e294b3f2e019b27990d379a3f2b
--- /dev/null
+++ b/reuters/training/9117
@@ -0,0 +1,6 @@
+HOUSE OF FABRICS <HF> QUARTERLY DIVIDEND
+  Qtly div 12 cts vs 12 cts
+      Pay July 1
+      Record June 12
+  
+
diff --git a/reuters/training/9118 b/reuters/training/9118
new file mode 100644
index 0000000000000000000000000000000000000000..38e0a8149ac84b033622c745bd9b874a1ca9a44e
--- /dev/null
+++ b/reuters/training/9118
@@ -0,0 +1,5 @@
+Bank of Japan bought 200 to 300 mln dlrs this morning, dealers said.
+
+  Bank of Japan bought 200 to 300 mln dlrs this morning, dealers said.
+  
+
diff --git a/reuters/training/9120 b/reuters/training/9120
new file mode 100644
index 0000000000000000000000000000000000000000..3b9f415841246163f29af82a46739eb37c25b6c4
--- /dev/null
+++ b/reuters/training/9120
@@ -0,0 +1,14 @@
+JAPAN BUYS MODEST AMOUNT OF DOLLARS, DEALERS SAY
+  The Bank of Japan bought a modest amount
+  of dollars this morning, possibly around 200 to 300 mln,
+  dealers said.
+      One dealer said the central bank bought about 200 mln dlrs
+  through brokers and the rest through banks. The buying began
+  when the dollar was at about 149.60 yen, and helped drive the
+  U.S. Currency up to around 150, he said.
+      Another said the central bank seemed to be trying to push
+  the dollar up above 150 yen. But heavy selling at around that
+  level quickly pushed the dollar back down towards 149 yen,
+  dealers said.
+  
+
diff --git a/reuters/training/9124 b/reuters/training/9124
new file mode 100644
index 0000000000000000000000000000000000000000..80a81da96a16a09a2bd4ded1d044cc2f670060e7
--- /dev/null
+++ b/reuters/training/9124
@@ -0,0 +1,12 @@
+JAPAN'S 1986/87 SUGAR CANE OUTPUT SEEN FALLING
+  An Agriculture Ministry survey has
+  estimated the nation's 1986/87 crop sugar cane output at 2.14
+  mln tonnes, down from 2.62 mln a year earlier.
+      Ministry officials said the decline was due to bad weather
+  and a reduction in the land under sugar cane this season, which
+  totals 34,800 hectares, down from 35,700 in 1985/86, they said.
+      Harvesting stretches from December 1986 to April 1987
+      Japan's final output will be announced at the beginning of
+  June, they said.
+  
+
diff --git a/reuters/training/9127 b/reuters/training/9127
new file mode 100644
index 0000000000000000000000000000000000000000..8931f13ba5987553cb24ca8478fa69bce071add7
--- /dev/null
+++ b/reuters/training/9127
@@ -0,0 +1,18 @@
+WEEKS PETROLEUM LTD <WPMA.MEL> CALENDAR 1986
+  Shr 16.7 cents vs 29.4
+      Final div nil vs same making nil vs same
+      Pre-tax profit 21.31 mln dlrs vs 26.42 mln
+      Net 10.84 mln vs 19.15 mln
+      Turnover 17.17 mln vs 25.94 mln
+      Other income 101.99 mln vs 125.18 mln
+      Shrs 65.13 mln vs same.
+      NOTE - Net is after tax 10.47 mln vs 7.27 mln, interest
+  2.58 mln vs 9.55 mln, depreciation 5.06 mln vs 7.61 mln and
+  minorities nil vs same. Other income: 72.39 mln from sale of
+  investments (103.04 mln 1985), interest 25.75 mln (21.49 mln),
+  and dividends 1.64 mln (nil). Co is 93.7 pct owned by <Bell
+  Resources Ltd>.
+      Note - All figures in U.S. Dollars as the company is
+  registered in Bermuda.
+  
+
diff --git a/reuters/training/9128 b/reuters/training/9128
new file mode 100644
index 0000000000000000000000000000000000000000..8711fbd95d4cbd0f77cdeb2d431bdbe623011ca8
--- /dev/null
+++ b/reuters/training/9128
@@ -0,0 +1,5 @@
+Bank of Japan keeps intervening to hold dollar above 149 yen, brokers
+
+  Bank of Japan keeps intervening to hold dollar above 149 yen, brokers
+  
+
diff --git a/reuters/training/9129 b/reuters/training/9129
new file mode 100644
index 0000000000000000000000000000000000000000..4bba1c34680e1bafce4f4ffe05e4c56aa14f1028
--- /dev/null
+++ b/reuters/training/9129
@@ -0,0 +1,15 @@
+JAPAN INTERVENING TO KEEP DOLLAR UP, BROKERS
+  The Bank of Japan is continuing to
+  intervene in the Tokyo market, buying small amounts of dollars
+  to hold the unit above 149 yen, brokers said.
+      They said the Bank is coming in when the dollar is around
+  149.05/10 yen, the same levels as New York's close yesterday
+  and the midday close in Tokyo today.
+      Dealers said the Bank of Japan is intervening in the market
+  through both banks and brokers this afternoon.
+      The central bank is checking selling orders through banks
+  and placing matching buy orders, they said.
+      The central bank started to intervene shortly after the
+  market opened here in the afternoon, the dealers said.
+  
+
diff --git a/reuters/training/913 b/reuters/training/913
new file mode 100644
index 0000000000000000000000000000000000000000..f00aa6f935d5eb5d9587c1926968ffa1c2dd3214
--- /dev/null
+++ b/reuters/training/913
@@ -0,0 +1,12 @@
+U.K. MONEY MARKET DEFICIT FORECAST AT 350 MLN STG
+  The Bank of England said it forecast a
+  shortage of around 350 mln stg in the money market today.
+      Among the main factors affecting liquidity, bills maturing
+  in official hands and the take-up of treasury bills will drain
+  some 525 mln stg while bankers' balnces below target will take
+  out around 175 mln stg.
+      Partly offsetting these outflows, exchequer transactions
+  and a fall in note circulation will add some 300 mln stg and 40
+  mln stg to the system respectively.
+  
+
diff --git a/reuters/training/9131 b/reuters/training/9131
new file mode 100644
index 0000000000000000000000000000000000000000..8bbda417d2191da6e2a36184409304adbe61c6ed
--- /dev/null
+++ b/reuters/training/9131
@@ -0,0 +1,5 @@
+Current exchange rates almost within levels agreed by major nations - Sumita
+
+  Current exchange rates almost within levels agreed by major nations - Sumita
+  
+
diff --git a/reuters/training/9132 b/reuters/training/9132
new file mode 100644
index 0000000000000000000000000000000000000000..bbe4b68d1a39822a76c163036e32ec13f46a374d
--- /dev/null
+++ b/reuters/training/9132
@@ -0,0 +1,5 @@
+Sumita says major nations cooperated to stabilise currencies.
+
+  Sumita says major nations cooperated to stabilise currencies.
+  
+
diff --git a/reuters/training/9133 b/reuters/training/9133
new file mode 100644
index 0000000000000000000000000000000000000000..5f3aedf317cce20cbc1f7f5567fcff8c23c673a8
--- /dev/null
+++ b/reuters/training/9133
@@ -0,0 +1,10 @@
+THAILAND'S FOREIGN RESERVES FALL IN FEBRUARY
+  Thailand's foreign reserves of gold,
+  special drawing rights and convertible currencies fell to 3.86
+  billion dlrs at end-February from 3.95 billion the previous
+  month, but were above the 3.08 billion held at the same time
+  last year, the Bank of Thailand said.
+      It said the reserves were equal to about five months' worth
+  of imports.
+  
+
diff --git a/reuters/training/9134 b/reuters/training/9134
new file mode 100644
index 0000000000000000000000000000000000000000..284722a069a689b7c451599f03f0fd9776747b80
--- /dev/null
+++ b/reuters/training/9134
@@ -0,0 +1,37 @@
+EXCHANGE RATES ALMOST WITHIN G-6 LEVELS - SUMITA
+  Bank of Japan governor Satoshi Sumita
+  said that current exchange rates are almost within the levels
+  agreed to by six major nations last month in Paris.
+      Asked whether a dollar/yen rate of 148 or 149 reflected
+  economic fundamentals, he said current rates almost reflect
+  fundamentals.
+      Sumita told reporters major nations have cooperated to
+  bring about currency stability in line with the Paris
+  agreement, which stipulated that they would closely cooperate
+  to that end. He repeated the central bank will intervene if
+  necessary, adding he did not think a dollar free-fall was
+  likely.
+      But Sumita said he could not say exactly what currency
+  levels would be considered in line with underlying economic
+  fundamentals.
+      In Paris on February 22, Britain, Canada, France, Japan,
+  the U.S. And West Germany agreed to cooperate to hold
+  currencies around their then current levels.
+      Sumita said he could not find any specific reasons behind
+  the fall of the dollar to a record low against the yen
+  yesterday. But he said the market rushed to sell dollars as it
+  nervously reacted to statements abroad and to developments
+  surrounding trade tensions.
+      U.S. Treasury Secretary James Baker said over the weekend
+  that the Paris pact did not encompass fixed tragets for the
+  dollar. U.S. Trade Representative Clayton Yeutter called
+  U.S/Japan relations on certain key trade issues very strained.
+      The market reacted nervously because the dollar has been
+  moving narrowly against the yen since mid-January, Sumita said.
+  He added he does not expect the yen/dollar exchange rate to
+  remain unstable because the market is concerned about a sharp
+  rise of the yen.
+      The Bank of Japan will keep a close watch on exchange rates
+  in line with the Paris accord, he added.
+  
+
diff --git a/reuters/training/9135 b/reuters/training/9135
new file mode 100644
index 0000000000000000000000000000000000000000..8f73ff528686b6fbd5a9062f0ea7585dc262653f
--- /dev/null
+++ b/reuters/training/9135
@@ -0,0 +1,14 @@
+N.Z. TRADE SURPLUS 119.1 MLN DLRS IN FEBRUARY
+  Preliminary trade figures for
+  February show an excess of exports over imports of 119.1 mln
+  N.Z. Dlrs, a Statistics Department statement said.
+      This compares with a 3.3 mln dlr deficit (revised from 1.7
+  mln) in January and a 36.1 mln dlr deficit in February 1986.
+      Exports rose to 998.4 mln dlrs, from 889.2 mln (revised
+  from 889.5) in January and 903.2 in February 1986. Imports
+  dropped to an estimated 879.4 mln dlrs from 892.5 (revised from
+  891.2) in January and 939.3 in February 1986. The deficit for
+  the eight months to the end of February was 15.3 mln dlrs, as
+  against 1.057 billion dlrs in the same period a year ago.
+  
+
diff --git a/reuters/training/9137 b/reuters/training/9137
new file mode 100644
index 0000000000000000000000000000000000000000..2103fc6b3b13140781d8bc4c67b58097f906e39d
--- /dev/null
+++ b/reuters/training/9137
@@ -0,0 +1,5 @@
+Sumita says Bank of Japan has no intention of lowering its discount rate
+
+  Sumita says Bank of Japan has no intention of lowering its discount rate
+  
+
diff --git a/reuters/training/9138 b/reuters/training/9138
new file mode 100644
index 0000000000000000000000000000000000000000..ecb361249aa5834ade2c986ca744da001df75dce
--- /dev/null
+++ b/reuters/training/9138
@@ -0,0 +1,25 @@
+JAPAN DOES NOT INTEND TO CUT DISCOUNT RATE-SUMITA
+  Bank of Japan governor Satoshi Sumita
+  said the central bank has no intention of cutting its discount
+  rate again as a way of preventing the yen's rise.
+      He told a press conference that the growth of Japanese
+  money supply remains high.
+      The bank will have to watch closely various developments
+  resulting from its already eased monetary stance, such as the
+  sharp rise in real estate and stock prices, he said.
+      Although the yen's rise will have a greater deflationary
+  impact on the economy, the economy is not likely to slow down
+  much further, Sumita said.
+      "I don't think we should change our economic outlook at the
+  moment," Sumita said.
+      Sumita has said in the past that he expects the economy to
+  show a gradual upturn in the second half of the year.
+      The governor said the six major industrial nations are
+  expected to review last month's pact on currency stability when
+  they meet next in April.
+      Dealers said they expect the six - Britain, Canada, France,
+  Japan, the U.S. Amd West Germany - to meet just before the
+  IMF/World Bank interim committee meeting in Washington starting
+  on April 9.
+  
+
diff --git a/reuters/training/9139 b/reuters/training/9139
new file mode 100644
index 0000000000000000000000000000000000000000..71610f4c55325c72acd8b3718c15715d647ab73c
--- /dev/null
+++ b/reuters/training/9139
@@ -0,0 +1,62 @@
+JARDINE MATHESON PROFITS SEEN UP SHARPLY IN 1986
+  A strong performance by its retail
+  businesses and affiliates will enable Jardine Matheson Holdings
+  Ltd <JARD.HKG> to report on Friday a big leap in net profit in
+  1986, stock analysts said.
+      They told Reuters they expect the firm to show earnings of
+  between 420 mln and 450 mln H.K. Dlrs last year against 157 mln
+  in 1985.
+      The analysts also said they expect Jardine Matheson to pay
+  a total dividend of 15 to 20 cents a share against 10 cents a
+  share in 1985.
+      James Capel (Far East) Ltd estimates Jardine Matheson's
+  1986 profits at 450 mln dlrs and attributes most of the income
+  to retail sales.
+      Analysts said the group's 7-Eleven retail stores and its
+  franchises, among them Canon cameras, Christian Dior luxury
+  goods and Mercedes Benz cars, produced a strong cash flow.
+      Alan Hargreaves of Hoare Govett Asia Ltd also put Jardine
+  Matheson's 1986 net profits at 450 mln dlrs and said he
+  estimates pre-tax earnings from retail operations at about 465
+  mln dlrs against 339 mln in 1985.
+      But Hargreaves said Jardine Matheson's earnings from its 35
+  pct stake in Hong Kong Land Co Ltd <HKLD.HKG> will fall to
+  about 230 mln dlrs from 281 mln dlrs in 1985.
+      The reduced contribution reflects the spin-off from Hong
+  Kong Land of <Dairy Farm International Ltd> last September.
+      Jardine gained a direct holding of 35 pct of Dairy Farm as
+  a result of the spin-off. Analysts said Jardine will book
+  revenues from its Dairy Farm stake for the final months of the
+  year as part of its retail business, which will increase its
+  overall retail income figures.
+      Analysts said Jardine Matheson will also enjoy sharply
+  increased revenues from financial services, mainly its 50 pct
+  share of <Jardine Fleming Holdings Ltd>.
+      Jardine Fleming yesterday reported record profits for 1986
+  of 209.5 mln dlrs against 104.7 mln in 1985.
+      Analysts said Jardine Matheson made net interest payments
+  of about 200 mln dlrs last year, slightly below the 213 mln
+  dlrs of 1985, while the company's term debt remained at about
+  the 1985 level of 2.7 billion dlrs.
+      But Jardine was also subject to increased taxes of 340 mln
+  dlrs last year against 292 mln in 1985, they said.
+      Jardine Matheson is undergoing a series of reorganisations
+  that will in effect turn it into a holding company for its
+  diverse interests.
+      It previously announced a plan to sell its stakes in both
+  Hong Kong Land and Dairy Farm to newly created <Jardine
+  Strategic Holdings Ltd> in which it has a 41 pct interest.
+      A company statement issued last month said the firm will
+  use the proceeds to repay all debt, leaving it with an
+  additional 500 mln dlrs in cash on hand.
+      Though Jardine Matheson will be deprived of a direct stake
+  in the high-yield Hong Kong Land and Dairy Farm units, it is
+  likely to develop its own business, analysts said.
+      "The future of the stock will depend on the firm's ability
+  to creatively structure some new acquisitions," said Hargreaves
+  of Hoare Govett.
+      He noted the firm has suggested financial services as a key
+  sector, and he said it may add some insurance firms to its
+  existing business.
+  
+
diff --git a/reuters/training/9142 b/reuters/training/9142
new file mode 100644
index 0000000000000000000000000000000000000000..bc44328f3c16658bad72bfdc0a406f034e48e276
--- /dev/null
+++ b/reuters/training/9142
@@ -0,0 +1,46 @@
+CHINA'S FIRST JOINT VENTURE BANK REPORTS PROFIT
+  China's first joint venture bank, Xiamen
+  International Bank (XIB), reported a group net profit of about
+  14 mln Hong Kong dlrs in 1986, the bank's first full year of
+  operation.
+      General manager Liu Shuxun declined to give a 1987 profit
+  forecast, saying targets were under study.
+      Assistant general manager Wang Hongshan said the group's
+  outstanding loans at end-1986 totalled 620 mln Hong Kong dlrs,
+  up from 530 mln at end-1985. Deposits and interbank borrowings
+  rose to 680 mln dlrs from 550 mln, he told Reuters.
+      Liu said most of the group's profit came from the parent
+  company rather than its two wholly-owned subsidiaries <Xiamen
+  International Finance Co Ltd> in Hong Kong and <Luso
+  International Bank Ltd> in Macao.
+      The joint venture bank began operating in September 1985
+  but did not officially open until March 1986.
+      Liu said the share in the joint venture of the foreign
+  partner, Hong Kong-listed <Panin Holdings Ltd>, had been cut
+  last year to 49 pct from 60 pct. This was done because foreign
+  banks felt the XIB's reputation would be improved if the three
+  Chinese partners collectively held a majority stake, he said.
+      Liu said news reports about problems concerning Panin were
+  unfounded, but he did not elaborate. Panin Holdings reported a
+  loss of 1.99 mln Hong Kong dlrs in 1986 after a net profit of
+  268,000 dlrs in 1985.
+      The Chinese partners are Industrial and Commercial Bank of
+  China, Fujian branch, whose share rose to 23.5 pct from 15,
+  Fujian Investment and Enterprise Corporation 17.5 pct (15) and
+  Xiamen Construction and Development Corporation 10 pct (10).
+      One foreign banker said Xiamen International Bank faced the
+  same problems as foreign bank branches in trying to compete on
+  unequal terms with state-owned banks.
+      The foreign banking market in Xiamen is thin and almost
+  saturated, he added.
+      Officials of the joint venture bank said they benefitted
+  from contacts made through its three Chinese partners. But the
+  foreign banker, who asked not to be named, said it faced
+  internal competition from the Industrial and Commercial Bank.
+      Apart from Xiamen International Bank and the International
+  Agricultural Development Bank planned by the World Bank and the
+  state-owned Agricultural Bank of China, Xiamen has eight
+  foreign bank branches or representative offices, mostly of Hong
+  Kong or overseas Chinese banks.
+  
+
diff --git a/reuters/training/9143 b/reuters/training/9143
new file mode 100644
index 0000000000000000000000000000000000000000..42649312198c6c7c8fd230fa07108a12af71afdb
--- /dev/null
+++ b/reuters/training/9143
@@ -0,0 +1,12 @@
+BANGLADESH'S PAYMENTS DEFICIT NARROWS IN OCTOBER
+  Bangladesh recorded an overall balance of
+  payments deficit of 8.3 mln U.S. Dlrs in October against a
+  10.33 mln deficit in September and a 6.67 mln surplus in
+  October 1985, Central Bank officials said.
+      The country's current account deficit narrowed to 10.69 mln
+  dlrs in October from 79 mln in September and 11.75 mln in
+  October 1985.
+      The October trade deficit narrowed to 36.36 mln dlrs from
+  160 mln in September and 83.79 mln in October 1985.
+  
+
diff --git a/reuters/training/9146 b/reuters/training/9146
new file mode 100644
index 0000000000000000000000000000000000000000..9d6155c8fb71cbc9007c7b2f04b22eaac6f82b29
--- /dev/null
+++ b/reuters/training/9146
@@ -0,0 +1,14 @@
+TWO JAPANESE STEELMAKERS TO CUT CAPITAL SPENDING
+  Nippon Steel Corp <NSTC.TOK> said it will
+  cut its capital spending by 36.4 pct to 105 billion yen in the
+  year starting April 1 from a year earlier due to the
+  postponement of furnace improvements.
+      <Nisshin Steel Co Ltd> said it will spend 10.7 billion yen
+  in 1987/88 for rationalisation and facility improvements, down
+  from 32.1 billion a year earlier, after completion of large
+  construction projects in 1986/87.
+      But capital spending by Nippon Kokan K.K. <NKKT.TOK> to
+  improve and increase its production facilities will rise to
+  94.90 billion yen from 64 billion, the company said.
+  
+
diff --git a/reuters/training/9147 b/reuters/training/9147
new file mode 100644
index 0000000000000000000000000000000000000000..98d85cb72a7af53dc9765468396c41b5b4068d01
--- /dev/null
+++ b/reuters/training/9147
@@ -0,0 +1,14 @@
+NISSAN AFFILIATE TO ACQUIRE U.S. AUTOPARTS MAKER
+  <Kokusan Kinzoku Kogyo Co Ltd> (KKK), a
+  Japanese autoparts maker owned 25 pct by Nissan Motor Co Ltd
+  <NSAN.T>, has exchanged a memorandum to acquire over 50 pct of
+  U.S. Autoparts firm <Master-Cast Co> to avoid losses on U.S.
+  Sales caused by the yen's rise against the dollar, a KKK
+  spokesman said.
+      The final agreement should be signed this year when KKK
+  forms the new company <Alfa K Technology>, he said.
+      The new firm should supply all the U.S. Major car makers,
+  including Ford Motor Co <F>, General Motor Corp <GM> and
+  Chrysler Corp <C>, he said.
+  
+
diff --git a/reuters/training/9149 b/reuters/training/9149
new file mode 100644
index 0000000000000000000000000000000000000000..6da371e024bc0d47bc92b6ed5acbbbee378b8785
--- /dev/null
+++ b/reuters/training/9149
@@ -0,0 +1,46 @@
+YEN MAY RISE TO 140 TO THE DOLLAR, NIKKEIREN SAYS
+  The yen could rise to 140 yen to the
+  dollar, a leading Japanese businessman said.
+      Bumpei Otsuki, president of the influential Japan
+  Federation of Employers' Associations, (Nikkeiren), told
+  reporters: "The yen might rise as far as 140 (to the dollar).
+  The U.S. Economy is not good, and as long as the U.S. Economy
+  is not good, the U.S. Will put various pressures (on Japan)."
+      "The yen's level depends on the condition of the U.S.
+  Economy rather than Japan's economy, and as long as the
+  American situation is bad, the yen will continue to rise," he
+  said.
+      To cope with the negative impact of the strong yen,
+  Japanese enterprises must strive to cut costs by all means,
+  including holding down wages as much as possible, Otsuki said.
+      He rejected recent calls from some government quarters for
+  wage increases this year as a means of raising private
+  consumption and thus boosting domestic demand.
+      "We have to keep wages as low as possible," he said.
+      He also said the yen's large and rapid rise is depressing
+  the outlook for the Japanese economy, noting that in addition
+  to hurting exporters it is also damaging domestic market
+  manufacturers through cheap imports.
+      Parts of the service sector are also threatened, Otsuki
+  said.
+      Tertiary industries provide services to manufacturers and a
+  downturn in manufacturing profits will adversely affect service
+  industries, he said.
+      It is also doubtful whether the tertiary sector can fully
+  employ those put out of work in the manufacturing sector, he
+  said.
+      Profits of service sector companies are likely to fall in
+  the business year ending in March 1988, leading to a possible
+  recession in the Japanese economy, he said.
+      Otsuki said economic growth is unlikely to pick up beyond
+  levels experienced in 1986.
+      The government's Economic Planning Agency said last week
+  the economy grew at 2.5 pct in 1986, the worst performance
+  since 1974 when the economy shrank 1.4 pct due to the first oil
+  price crisis.
+      In order to stimulate domestic demand and boost the
+  economy, tax reforms aimed at bringing down the cost of land
+  and reforming the nation's housing stock are needed, along with
+  steps to bring down the high cost of commodities, he said.
+  
+
diff --git a/reuters/training/915 b/reuters/training/915
new file mode 100644
index 0000000000000000000000000000000000000000..b779f6fb66937d4d8fdf1bd6ed26644b40de85b4
--- /dev/null
+++ b/reuters/training/915
@@ -0,0 +1,20 @@
+SAUDI RIYAL DEPOSIT RATES EASE
+  Saudi riyal interbank deposit rates
+  eased across the board in a dull market which was long in
+  day-to-day funds, dealers said.
+      Today's quiet market continued a lull of several days in
+  which traders were said to be waiting on the sidelines ahead of
+  further clues to the direction of oil prices and the Saudi
+  economy.
+      Dealers cited some borrowing interest in two, three, and
+  six-month deposits but said activity focused on short dates and
+  one-month deposits as banks tried to lend surplus funds.
+      Spot-next was put at 5-3/4, 5-1/4 pct, down from six, 5-1/2
+  yesterday while one-week rates were steady at six, 5-1/2 pct.
+      One-month deposits declined to 6-1/4, 1/8 pct from 6-1/2,
+  1/4 on Monday, while three months was barely changed at seven,
+  6-15/16 pct.
+      The spot riyal was little changed at 3.7501/03 to the
+  dollar after quotes of 3.7498/7501 yesterday.
+  
+
diff --git a/reuters/training/9152 b/reuters/training/9152
new file mode 100644
index 0000000000000000000000000000000000000000..52b8b338f5dea8f0cbdb4c2301a88aff553fcc99
--- /dev/null
+++ b/reuters/training/9152
@@ -0,0 +1,5 @@
+ BRUSSELS - Ferruzzi says it will pay 630 mln dlrs to CPC International for European mills.
+
+   BRUSSELS - Ferruzzi says it will pay 630 mln dlrs to CPC International for European mills.
+  
+
diff --git a/reuters/training/9153 b/reuters/training/9153
new file mode 100644
index 0000000000000000000000000000000000000000..7b378b6ffa330160ff4fc6e0b38bce3abe4fc5a2
--- /dev/null
+++ b/reuters/training/9153
@@ -0,0 +1,14 @@
+VIETNAM TO RESETTLE 300,000 ON STATE FARMS IN 1987
+  Vietnam will resettle 300,000 people on
+  state farms known as new economic zones in 1987, to create jobs
+  and grow more high-value export crops, the communist party
+  newspaper Nhan Dan said.
+      Yesterday's edition, received here today, said Vietnam
+  would invest one billion dong, including the costs of
+  relocation, in 272 new economic zones. About one third of that
+  sum would be spent on export crops such as coffee, tea, rubber
+  and pepper in the Central Highlands, it said.
+      Since 1975, Vietnam has resettled about three million
+  people from cities and crowded river deltas to the zones.
+  
+
diff --git a/reuters/training/9155 b/reuters/training/9155
new file mode 100644
index 0000000000000000000000000000000000000000..e8014c19c5bc7e282e88dc50a4fea6e2236bc59a
--- /dev/null
+++ b/reuters/training/9155
@@ -0,0 +1,27 @@
+MADAGASCAR EXTENDS AMOCO OIL EXPLORATION AGREEMENT
+  Madagascar extended its oil
+  exploration agreement with the U.S. Firm Amoco Corp <AN> for 17
+  months to allow for further studies of the Morondava basin on
+  the southwest coast, a government statement said.
+      It said the existing five-year agreement, due to expire
+  this July 24, was extended until the end of 1988 to allow for
+  additional geological and geophysical studies.
+      Amoco has so far laid 7,100 km of seismic lines and sunk
+  five exploration wells in the Morondava basin. It may drill a
+  further three wells before the end of the extended exploration
+  period, the statement said.
+      Madagascar has signed oil exploration agreements with four
+  foreign oil companies since 1981. But despite promising
+  indications of large reserves, no commercial production plans
+  have yet been announced.
+      The foreign firms - Amoco, Occidental Petroleum Corp <OXY>,
+  Mobil Corp <MOB> and a unit of <Ente Nazionale Idrocarburi> -
+  are working in partnership with the National Military Office
+  for Strategic Industries (OMNIS).
+      Roland Ratsimandresy, the director general of OMNIS, said
+  at a ceremenony to sign the extension of the Amoco agreement
+  that his department would intensify oil exploration with its
+  existing partners and would soon offer a new round of
+  exploration licences.
+  
+
diff --git a/reuters/training/9156 b/reuters/training/9156
new file mode 100644
index 0000000000000000000000000000000000000000..4efaa45a53ac4502779dcec7bc93526ba8b5ebe6
--- /dev/null
+++ b/reuters/training/9156
@@ -0,0 +1,32 @@
+FERRUZZI DEAL WITH CPC WORTH 630 MLN DLRS
+  The Ferruzzi Group's holding company
+  Agricola Finanziara SpA will pay 630 mln dlrs for the European
+  corn wet milling business of CPC International Inc under the
+  agreement reached in principle between the two companies, a
+  statement by Ferruzzi released by its Brussels office said.
+      When CPC announced the agreement yesterday in New York, it
+  said only that the price would be in excess of 600 mln dlrs.
+      Ferruzzi said the deal is subject to agreement on several
+  clauses of the contract and needs government authorisations.
+      It said the deal would involve 13 starch factories
+  employing about 5,000 people in eight European Community
+  countries plus facilities and commercial operations in other EC
+  states.
+      The factories have a capacity to produce the equivalent of
+  1.6 mln tonnes of starch in starch and by-products a year, or
+  about one third of EC production, from about 2.7 mln tonnes of
+  cereals.
+      Ferruzzi said the acquisition of these assets would extend
+  its presence in the European agro-industrial industry both
+  geographically and in terms of products.
+      It said it is already the principal EC producer of sugar
+  and of soya oil and cake, and the major cereal trader.
+      It noted that EC output of isoglucose is subject to maximum
+  quotas, of which CPC currently holds a 25 pct share, and said
+  it foresaw an increase in other industrial uses of starch in
+  the future, notably in the production of ethanol for fuel.
+      Raul Gardini, president of the Ferruzzi Group, said the
+  present management of the CPC milling business will be asked to
+  remain in their posts.
+  
+
diff --git a/reuters/training/9158 b/reuters/training/9158
new file mode 100644
index 0000000000000000000000000000000000000000..cae0d047922a142f40a12aa85e5bbed1b4355e05
--- /dev/null
+++ b/reuters/training/9158
@@ -0,0 +1,21 @@
+SWIRE PACIFIC LTD <SWPC.HKG> YEAR 1986
+  Shr "A" 138.9 H.K. Cents vs 97.4 (adjusted)
+      Shr "B" 27.8 cents vs 19.5
+      Final div "A" 44 cents vs 32.3, making 62 vs 47 (adjusted)
+      Final div "B" 8.8 cents vs 6.5, making 12.4 vs 9.4
+      Net 1.78 billion dlrs vs 1.23 billion
+      Turnover 16.6 billion vs 13.7 billion
+      Note - Net profits excluded extraordinary gains of 1.38
+  billion dlrs vs 59.1 mln. The non-recurrent earnings mainly
+  derived from the firm's sale of a 15.75 pct stake in Cathay
+  Pacific Airways Ltd <CAPH.HKG> in April.
+      Note - Earnings per share and dividends have been adjusted
+  for the firm's two-for-one bonus issue made in April.
+      Note - Bonus issue one-for-five for both "A" and "B" shares
+  against two-for-one.
+      Note - Dividends payable June 2, books close April 16 to
+  24.
+      Note - Net asset value per "A" share 6.94 dlrs vs 4.81 and
+  per "B" share 1.39 dlrs vs 0.96.
+  
+
diff --git a/reuters/training/9159 b/reuters/training/9159
new file mode 100644
index 0000000000000000000000000000000000000000..ded9d0b895313c1762094841b709bcff0aaa081d
--- /dev/null
+++ b/reuters/training/9159
@@ -0,0 +1,5 @@
+BAT Industries 1986 pretax profit 1.39 billion stg vs 1.17 billion
+
+  BAT Industries 1986 pretax profit 1.39 billion stg vs 1.17 billion
+  
+
diff --git a/reuters/training/9160 b/reuters/training/9160
new file mode 100644
index 0000000000000000000000000000000000000000..32f6461b9e90f233988530b6d7d56cc29f878aa0
--- /dev/null
+++ b/reuters/training/9160
@@ -0,0 +1,29 @@
+BAT INDUSTRIES PLC <BTI.L> 1986 YEAR
+  Shr 53.51p vs 45.72p
+      Div 8.8p vs 7.35p making 14.3p vs 12.1p
+      Turnover 19.17 billion stg vs 17.05 billion
+      Operating profit 1.48 billion vs 1.29 billion
+      Pretax profit 1.39 billion vs 1.17 billion
+      Tax 524 mln vs 430 mln
+      NOTE - The company said shareholders would be given the
+  option of receiving dividend in cash, ordinary shares or
+  combination of the two.
+      Operating profit includes -
+      Commercial activities 1.08 billion vs 988 mln
+      Financial services 263 mln vs 135 mln
+      Share of associated companies 139 mln vs 163 mln
+      Investment income 150 mln vs 166 mln
+      Interest paid 238 mln vs 286 mln
+      Minorities 76 mln vs 63 mln
+      Extraordinary credit 75 mln vs 34 mln debit
+      Transfer to revaluation reserve 85 mln vs 106 mln
+      Profit attributable 793 mln vs 673 mln
+      Required inflation retention 77 mln vs 147 mln
+      Trading profit 1.51 billion vs 1.29 billion
+      Trading profit includes -
+      Tobacco 764 mln vs 738 mln
+      Retailing 211 mln vs 186 mln
+      Paper 217 mln vs 168 mln
+      Financial services 282 mln vs 135 mln
+  
+
diff --git a/reuters/training/9161 b/reuters/training/9161
new file mode 100644
index 0000000000000000000000000000000000000000..a87ab28d0c868e052a82b375d9c0b98752f44c4e
--- /dev/null
+++ b/reuters/training/9161
@@ -0,0 +1,14 @@
+SWIRE PLANS BONUS ISSUE ON HIGHER 1986 PROFITS
+  Swire Pacific Ltd <SWPC.HKG> said it
+  plans for a one-for-five bonus issue for both its "A" and "B"
+  shares following an earlier report of a 44.7 pct jump in 1986
+  net profits to 1.78 billion H.K. Dlrs.
+      The company also announced final dividends of 44 cents per
+  "A" share and 8.8 cents per "B" share against 32.3 and 6.5 cents a
+  year ago.
+      It recorded extraordinary gains of 1.38 billion dlrs which
+  mainly derived from the sale in April of a 15.75 pct stake in
+  Cathay Pacific Airways Ltd <CAPH.HKG> in line with the
+  floatation of the airline.
+  
+
diff --git a/reuters/training/9162 b/reuters/training/9162
new file mode 100644
index 0000000000000000000000000000000000000000..6bcd89dcd59c10713823120b929df1b18cceb6f7
--- /dev/null
+++ b/reuters/training/9162
@@ -0,0 +1,5 @@
+Japan Trade Ministry asks trade houses, exporters to reduce dlr sales, sources
+
+  Japan Trade Ministry asks trade houses, exporters to reduce dlr sales, sources
+  
+
diff --git a/reuters/training/9163 b/reuters/training/9163
new file mode 100644
index 0000000000000000000000000000000000000000..a661402708d26f7187bf2dc2c60f5d4812d8e753
--- /dev/null
+++ b/reuters/training/9163
@@ -0,0 +1,34 @@
+SRI LANKAN GOVERNMENT TO STOP IMPORTING SUGAR
+  The Food Department will no longer
+  import sugar from April 1, senior officials of the Food and
+  Cooperatives Ministry and the Department told Reuters.
+      They said the decision was taken after the Sugar Importers
+  Association asked that the sugar trade be further liberalised.
+      "The Food Department will cease trading in sugar and will no
+  longer hold a buffer stock," a senior official said.
+      He said the government has finalised an agreement with
+  E.D.F.Man (Sugar) Ltd under which E.D.F.Man will hold a buffer
+  stock on the government's behalf of 20,000 tonnes, against the
+  45,000 tonne buffer stock usually held by the Department.
+      Officials said the size of the buffer stock has been
+  reduced because the private sector will hold its own stocks.
+      The agreement with E.D.F. Man includes details such as
+  trigger pricing mechanisms, they said.
+      Four months ago the Department allowed the private sector
+  to import sugar without government clearance. The Department
+  and the private sector each imported around 115,000 tonnes of
+  sugar last year, when national consumption was 280,000 tonnes.
+      An Importers Association official said that "even if the
+  Department no longer imports sugar, we would not necessarily
+  buy more."
+      This is because the Association would still have to compete
+  with the Cooperatives Wholesale Establishment (CWE), he said.
+      The CWE is a semi-government body and the official said
+  arrangements are being made for state cooperatives and holders
+  of food subsidy stamps to draw their sugar from it, starting
+  April 1.
+      Ministry officials said the CWE can either import sugar or
+  buy it from a local bonded warehousing scheme run by E.D.F. For
+  the past two years.
+  
+
diff --git a/reuters/training/9164 b/reuters/training/9164
new file mode 100644
index 0000000000000000000000000000000000000000..a4b4371010c8ea10819c3b634e7921212bd914dd
--- /dev/null
+++ b/reuters/training/9164
@@ -0,0 +1,13 @@
+NEW DUTCH SPECIAL ADVANCES TOTAL 4.2 BILLION
+  The Dutch Central Bank said it
+  allocated 4.183 billion guilders at tender for the new 5.3 pct,
+  nine-day special advances.
+      Bids were fully met for the first 200 mln guilders and for
+  40 pct above.
+      The new advances for the period March 25 to April 4,
+  replace current 5.3 pct, five day advances totalling 4.003
+  billion guilders which expire today.
+      Money brokers said yesterday they expected the Bank to
+  allocate about 3.5 billion guilders.
+  
+
diff --git a/reuters/training/9165 b/reuters/training/9165
new file mode 100644
index 0000000000000000000000000000000000000000..7d9a286fc918e24866400f36c85251408e402d23
--- /dev/null
+++ b/reuters/training/9165
@@ -0,0 +1,9 @@
+DANISH FEBRUARY CONSUMER PRICES FALL 0.1 PCT
+  Consumer prices fell 0.1 pct in
+  February, after a rise of 0.2 pct in January and no change in
+  February 1986, the National Statistics Office said.
+      The index, base 1980, fell to 154.5 in February from 154.6
+  in January, against 147.4 in February 1986, giving a
+  year-on-year increase of 4.8 pct.
+  
+
diff --git a/reuters/training/9166 b/reuters/training/9166
new file mode 100644
index 0000000000000000000000000000000000000000..4b9bd072a6185be35a9aa64634e36cb661ee7f7a
--- /dev/null
+++ b/reuters/training/9166
@@ -0,0 +1,24 @@
+JAPAN ASKS TRADERS, EXPORTERS TO CUT DOLLAR SALES
+  The Ministry of International Trade and
+  Industry (MITI) has asked about 30 Japanese trading houses and
+  exporters to refrain from excessive dollar selling, trading
+  house officials said.
+      The officials told Reuters MITI asked them to moderate
+  their foreign exchange trading because the excessive rise in
+  the yen will have unfavourable effects on the economy. It made
+  the request by telephone.
+      A MITI official said the ministry has conducted a survey of
+  foreign exchange trading by trade houses and exporters. But he
+  said it was not aimed at moderating dollar selling.
+      The trading house officials said MITI had asked them to
+  undertake foreign exchange transactions with due consideration
+  to the adverse effects excessive exchange rate movements would
+  have on the economy.
+      The MITI official said MITI undertakes such surveys when
+  exchange rates fluctuate widely. A similiar survey was made
+  when the currency fell to the previous record low of 149.98 on
+  January 19. It hit a new record low of 148.20 yen yesterday.
+      He said the survey showed currency transactions by trade
+  houses and exporters contributed little to the dollar fall.
+  
+
diff --git a/reuters/training/9170 b/reuters/training/9170
new file mode 100644
index 0000000000000000000000000000000000000000..0c9a47149fbce0413b7085dea494f3e12903f382
--- /dev/null
+++ b/reuters/training/9170
@@ -0,0 +1,94 @@
+MIDDLE EAST CURRENCY MARKET SEES KEY CHANGES
+  Middle East currency dealers meet in
+  Abu Dhabi this weekend at a time of fundamental change in their
+  business, which has seen a growing volume of trade shift from
+  the Arab world to London.
+      The 14th congress of the Inter-Arab Cambiste Association
+  also comes at a time when the prospect of a unified Gulf
+  currency system is more real that at any time this decade.
+      Foreign exchange traders and bank treasurers said these
+  issues, and the slide of the Lebanese pound, can be expected to
+  be major talking points.
+      About 250 traders and treasurers from some 115 banks --
+  including some in London and other major non-Arab financial
+  centres -- are expected to attend the conference which begins
+  on on Saturday.
+      Bankers said it is hard to avoid the impression that a
+  growing proportion of transactions in the Saudi riyal market,
+  by far the largest in the region, is being carried out in
+  London.
+      The market had been dominated by Saudi Arabia's 11 banks,
+  foreign exchange houses in the Kingdom and offshore banks in
+  Bahrain. But bankers said more and more Saudi and Bahrain-based
+  banks are boosting their treasury operations in London.
+      As recession hit the Middle East and the need for trade
+  finance in the region declined, many offshore banks in Bahrain
+  ran down their currency operations. None of the four major U.K.
+  Clearing banks now has a dealing room on the island.
+      The two major Bahrain-based international banks, <Arab
+  Banking Corp> and <Gulf International Bank BSC> have increased
+  their presence in London and Saudi banks are busy upgrading
+  representative offices to branch status to allow dealing.
+      One economist said: "It is cheaper to run a riyal book in
+  London than staff an expensive offshore operation in Bahrain...
+  There is now the nucleus of a two-way market in London."
+      Jeddah-based <Riyad Bank> set up as a licensed deposit
+  taker in London in 1984, while its main rival in Saudi Arabia,
+  <National Commercial Bank> (NCB) won a licence in November
+  1986.
+      The major market maker has traditionally been London-based
+  consortium bank <Saudi International Bank> but the kingdom
+  joint-venture <Saudi American Bank> (SAMBA) also upgraded its
+  London operation to deposit taker status in mid-February.
+      One senior currency trader in Riyadh said: "Inevitably the
+  volume of business in London has gained pace with the two new
+  licences for NCB and SAMBA, but there is no question that most
+  of the liquidity still rests in Saudi Arabia."
+      Currency traders said the shift to London in the Saudi
+  riyal market is difficult to quantify.
+      Bahrain Monetary Agency figures show regional currency
+  deposits held by offshore banks, most in Saudi riyals, dropped
+  to the equivalent of 12.2 billion dlrs at end-September 1986
+  from 13.4 billion at end-1985 and a 1983 peak of 15.0 billion.
+      The shift has prompted changes in dealing habits. Riyal
+  trading in the Gulf on Saturdays and Sundays has become very
+  quiet with London closed while some Saudi and Bahrain banks now
+  staff offices on Friday, the Gulf weekend. Traders also expect
+  <Arab National Bank> to step up London operations.
+      Traders say it is difficult to foresee the riyal market
+  moving completely out of the region, partly because of local
+  demand and partly because of what is seen as the Saudi Arabian
+  Monetary Agency's (SAMA) desire to moderate
+  internationalisation of the riyal and protect it from undue
+  speculation.
+      There have been far fewer signs of the Kuwaiti dinar market
+  shifting from its natural base of Kuwait and trading in Bahrain
+  and London is still limited.
+      But for the first time since the formation of the six
+  nation Gulf Cooperation Council (GCC) in 1981 there are signs
+  that a much mooted currency union could come into force soon.
+      Currency traders said it remains unclear what form a final
+  currency union would take for the six states -- Saudi Arabia,
+  Kuwait, Bahrain, Oman, Qatar and the United Arab Emirates.
+      But plans to link the six currencies in a European Monetary
+  System style with a common peg have been discussed at high
+  level and could be a topic on the GCC's annual summit expected
+  to be held in Saudi Arabia late in the year.
+      One dealer said: "A lot of exposure is being given to
+  discussions and plans appear to be quite advanced. But in the
+  end a political decision has to be taken to give the go-ahead."
+      One open question is that of a common peg for currencies.
+      The idea of linking the six currencies has been debated
+  since the start of the GCC. The Kuwaiti dinar is currently
+  linked to a basket of currencies while the other five
+  currencies are either officially or in practice linked to the
+  U.S. Dollar.
+      Some traders said a currency union could mean speculation
+  against the Saudi riyal rubbing off on other Gulf currencies,
+  but plans call for a permitted divergence in the system of
+  7-1/4 pct, large enough to avoid sudden strains.
+      Another topic for debate is expected to be the continued
+  slide of the Lebanese pound against the dollar and the
+  undermining of the effective capital base of Lebanese banks.
+  
+
diff --git a/reuters/training/9171 b/reuters/training/9171
new file mode 100644
index 0000000000000000000000000000000000000000..f37304275682e2de5623625698fcd0ae6e02e9c6
--- /dev/null
+++ b/reuters/training/9171
@@ -0,0 +1,14 @@
+BELGOLUX TRADE SWINGS INTO JANUARY DEFICIT
+  The Belgo-Luxembourg Economic Union
+  recorded a provisional trade deficit of 9.45 billion francs in
+  January after a December surplus of 15.32 billion francs,
+  revised upwards from a provisional surplus of 11.94 billion,
+  the National Statistics Office said.
+      In January 1986, the union recorded a deficit of 23.31
+  billion francs.
+      January imports fell to a provisional 228.86 billion francs
+  from 240.24 billion in December and 281.65 billion a year
+  earlier, but exports were also lower, at 219.41 billion francs
+  against 255.56 billion and 258.34 billion respectively.
+  
+
diff --git a/reuters/training/9172 b/reuters/training/9172
new file mode 100644
index 0000000000000000000000000000000000000000..8ed8d384ee6d88886de59094a41fa1b2c24b9067
--- /dev/null
+++ b/reuters/training/9172
@@ -0,0 +1,20 @@
+GUINNESS SEEKS U.K. INJUNCTION AGAINST SAUNDERS
+  Guinness Plc <GUIN.L> will seek an
+  injunction in the U.K. High Court today to freeze the assets of
+  former Chairman Ernest Saunders in its attempts to recover 5.2
+  mln stg paid to a Jersey company as part of the company's
+  takeover battle for <Distillers Co Plc>, a spokesman said.
+      He said the court move aimed to freeze Saunders' assets up
+  to the value of the sum it wanted to recover. It was uncertain
+  whether the court would reach any decision on the request
+  today. Guinness said last week it planned to take legal action
+  to recover the funds, paid to non-executive director Thomas
+  Ward via the Jersey company.
+      Lawyers representing Ward have said he saw the funds as his
+  reward for services performed during the takeover of
+  Distillers.
+      Guinness is also planning a resolution at the annual
+  meeting in May to remove both Saunders and Ward from the
+  company's board.
+  
+
diff --git a/reuters/training/9175 b/reuters/training/9175
new file mode 100644
index 0000000000000000000000000000000000000000..56516d18a2bb5a2d167bd3c57c333a90259c0287
--- /dev/null
+++ b/reuters/training/9175
@@ -0,0 +1,25 @@
+BASF U.S. PROFIT,TURNOVER BOOSTED BY ACQUISITIONS
+  BASF AG <BASF.F>
+  said net profit of its U.S. Operating company, BASF Corp, rose
+  last calendar year to 105 mln dlrs from 39 mln in 1985.
+      Turnover rose by by more than one billion dlrs to 3.6
+  billion, the parent company said in a statement. The rise,
+  however, partly reflected the inclusion of the first full
+  business year of three acquisitions made in 1985. Excluding
+  these, BASF Corp turnover rose four pct from 1985.
+      Acquisitions were the high-performance connecting materials
+  operations of Celanese Corp, Inmont Corp bought from United
+  Technologies and American Enka bought from AKZO NV <AKZO.AS>.
+      BASF said it expected a U.S. Investment of 240 mln dlrs in
+  1987, part of a five-year programme totalling one billion.
+      U.S. Projects completed in 1986 included the second acrylic
+  acid plant in Freeport, Texas, a technical centre in
+  Southfield, Michigan, in which paint lines from automotive
+  plants can be refitted, and the new agricultural research
+  centre in Research Triangle Park in Durham, North Carolina.
+      BASF said that work this year had begun in Geismar,
+  Louisiana, on plants for production of special amines and
+  polytetrahydrofuran, as well as for expansion of capacity for
+  producing tetrahydrofuran.
+  
+
diff --git a/reuters/training/9177 b/reuters/training/9177
new file mode 100644
index 0000000000000000000000000000000000000000..e537ce24adb23cd74ec9c792d4d80a13e16934a2
--- /dev/null
+++ b/reuters/training/9177
@@ -0,0 +1,9 @@
+BICC PLC <BICC.L> 1986 YEAR
+  Shr 22.7p vs 20.3p.
+      Final div 8.25p, making 11.75p vs 11p.
+      Pre-tax profit 101 mln stg vs 92 mln.
+      Attributable profit 45 mln vs 39 mln.
+      Turnover 2.14 billion stg vs 2.11 billion.
+   MORE
+  
+
diff --git a/reuters/training/9178 b/reuters/training/9178
new file mode 100644
index 0000000000000000000000000000000000000000..a3bd4dee40f39f071aae4293d6bda8330d15a4e3
--- /dev/null
+++ b/reuters/training/9178
@@ -0,0 +1,14 @@
+TAIWAN MONEY SUPPLY RISES 48.22 PCT IN YEAR
+  Taiwan's M-1B money supply rose a
+  seasonally adjusted 48.22 pct in the year to end-February,
+  after rising 54.96 pct in the year to January, a central bank
+  spokesman said.
+      Month on month, M1-B fell 5.19 pct from January.
+      Unadjusted February M1-B was 1,168 billion dlrs against
+  1,232 billion in January and 788 billion in February 1986.
+      Money supply grew faster in January because the central
+  bank issued more currency for bonus payments made to workers at
+  the Lunar New Year, which fell on January 29 this year, banking
+  sources said.
+  
+
diff --git a/reuters/training/918 b/reuters/training/918
new file mode 100644
index 0000000000000000000000000000000000000000..2eea19afd93f8ef337c1f6fe193c9e2ea6e39e9e
--- /dev/null
+++ b/reuters/training/918
@@ -0,0 +1,25 @@
+PEMEX SIGNS 500 MLN DLR JAPAN LOAN FOR PIPELINE
+  Mexican state oil firm Petroleos Mexicanos
+  (Pemex) signed for a 500 mln dlruntied loan from the
+  Export-Import Bank of Japan to finance its Pacific Petroleum
+  Project, Pemex Japan representative Tito Ayal said.
+      No further details on the loan were immediately available.
+      Ayala told an oil seminar the project, due for completion
+  in 1988, is aimed at improving distribution of oil products in
+  the domestic market, mainly along the Pacific coast.
+      The project consists of a pipeline linking Nueva Teapa on
+  the Gulf of Mexico with Salina Cruz on the Pacific Coast, and
+  construction of the second phase of the Salina Cruz refinery.
+      The project also includes construction of liquified
+  petroleum gas (LPG) storage tanks at Santa Cruz, additional
+  crude oil storage at both ends of the pipeline, an ammonia
+  complex at Lazaro Cardenas on the Pacific Coast and expansion
+  of the infrastructure of the port of Salina Cruz, Ayala said.
+      Pemex will buy 80 mln dlrs worth of foreign equipment and
+  materials for the project, he said. The new pipeline will
+  enable Japan to load Mexico's Maya crude oil at Salina Cruz
+  rather than in the Gulf of Mexico. Pemex will also have some
+  LPG surplus available in Salina Cruz that may help Japan
+  diversify its supply sources of that product, he added.
+  
+
diff --git a/reuters/training/9181 b/reuters/training/9181
new file mode 100644
index 0000000000000000000000000000000000000000..26f08f5a873c9250d8a3daabc8d3d4f6dcee9514
--- /dev/null
+++ b/reuters/training/9181
@@ -0,0 +1,20 @@
+NIPPON STEEL TO REDUCE DIVIDEND
+  Nippon Steel Corp <NSTC.T> plans to
+  reduce its dividend to three yen in the year ending March 31
+  1987 from the five yen of 1985/86, a company spokesman said.
+      The company estimated parent company current losses at 15
+  billion yen in 1986/87, including a gain of 95 billion yen from
+  the sale of securities. This compares with a 36.07 billion yen
+  profit a year earlier.
+      Sales in 1986/87 are seen at 2,150 billion yen, down from
+  2,685 billion a year ago.
+      Poor business prospects were attributed to the yen's rise
+  and slow world steel demand. Nippon is expected to report
+  parent company results in late May.
+      Total 1986/87 crude steel production is estimated at 25.57
+  mln tonnes, down from 27.98 mln a year earlier.
+      Crude steel production is likely to be below 1986/87 output
+  but forecasts for profits and sales in the year starting April
+  1 are unavailable yet, he said.
+  
+
diff --git a/reuters/training/9182 b/reuters/training/9182
new file mode 100644
index 0000000000000000000000000000000000000000..69c6e68474c71932878e5c22eb2a6e5e25e98992
--- /dev/null
+++ b/reuters/training/9182
@@ -0,0 +1,37 @@
+BAT SEES STRONG PERFORMANCE FROM ALL SECTORS
+  A strong performance from all BAT
+  Industries Plc's <BTI.L> major sectors enabled the group's 1986
+  pretax profits to pass the one billion stg level for the third
+  year running, Chairman Patrick Sheehy said in a statement.
+      The group earlier reported a 19 pct rise in profits to 1.39
+  billion, which Sheehy said was achieved without any help from
+  exchange rate fluctuations or acquisitions.
+      Good results were achieved by its Argos and Saks Fifth
+  Avenue in retailing and by Wiggins Teape and Appleton in paper.
+      Tobacco accounted for about 50 pct of profit with a four
+  pct gain to 764 mln stg and a two pct increase in world volume.
+      The results were largely in line with analysts expectations
+  and BAT shares firmed by two pence to 537p at 0955 GMT.
+      BAT said the U.S. Brown and Williamson unit held most of
+  its 1985 gains and increased profit 18 pct in dollar terms.
+      Financial services saw profits double to 282 mln with both
+  Eagle Star and Allied Dunbar achieving further growth.
+      Allied Dunbar reported a 51 pct rise in life annual
+  premiums to 39 mln stg. BAT said it increased new business by
+  38 pct in the last nine months after a relatively slow first
+  quarter. Its permanent health insurance was now the market
+  leader and its Unit Trust group was now the second largest in
+  the U.K.
+      Eagle Star general premiums rose 32 pct to 1.03 billion.
+  Its life activities also grew 39 pct with better underwriting
+  results in the second half.
+      Cash flow was strong and the gross debt to equity ratio
+  dropped to 41 pct from 51 pct. The net ratio, at 26 pct, left
+  the group strongly placed to pursue its further development.
+      Profits from paper and pulp grew 29 pct to 217 mln stg,
+  nearly three times the 1982 level, with Wiggins Teape's sales
+  rising 36 pct to pass one billion stg.
+      BAT said in 1986 it had sold 88 BATUS stores in the U.S.
+  For 644 mln dlrs and sold Grovewood Securities for 142 mln stg.
+  
+
diff --git a/reuters/training/9184 b/reuters/training/9184
new file mode 100644
index 0000000000000000000000000000000000000000..2229453772246188de50f281d38c7749dbd95517
--- /dev/null
+++ b/reuters/training/9184
@@ -0,0 +1,25 @@
+TAIWAN SEES ITS INVESTMENT IN U.S. RISING SHARPLY
+  Taiwanese investment in the U.S. Is
+  expected to nearly double to 80 mln U.S. Dlrs in calendar 1987
+  and rise to 400 mln dlrs a year by 1991, a five-year forecast
+  by the Economic Ministry showed.
+      Taiwanese investment in the U.S. Last year totalled 46 mln
+  dlrs, the ministry document said. The investment was mainly in
+  electronics, trading, food and service industries.
+      Lee Ming-Yi, deputy director of the ministry's Industrial
+  Development and Investment Centre, said the forecast rise is
+  due to planned government incentives and growing willingness
+  among Taiwanese to invest abroad.
+      Lee told Reuters the incentives, to be introduced in May or
+  June, include bank loans and a reduction in capitalisation
+  requirements for businesses seeking to invest in the U.S. To 10
+  mln Taiwan dlrs from 20 mln.
+      He said the moves to encourage investment in the U.S. Are
+  part of Taiwan's efforts to cut its trade surplus with
+  Washington, which rose to a record 13.6 billion U.S. Dlrs in
+  1986 from 1985's 10.2 billion.
+      Taiwanese manufacturers can create jobs for Americans and
+  avoid import quotas if they set up plants in the U.S., He
+  added.
+  
+
diff --git a/reuters/training/9187 b/reuters/training/9187
new file mode 100644
index 0000000000000000000000000000000000000000..53b2a299db5c18b959082bf9fb6903ef8021cd58
--- /dev/null
+++ b/reuters/training/9187
@@ -0,0 +1,10 @@
+BABCOCK INTERNATIONAL PLC <BABK.L> YEAR 1986
+  Div 4.7p making 8.7, an increase of 13.9 pct
+      Shr 16.3p vs 17.9p adjusted
+      Pretax profit 37.09 mln stg vs 34.55 mln
+      Net 22.12 mln vs 24.13 mln
+      Interest payable 8.10 mln vs 5.35 mln
+      Share of associated co's 6.88 mln vs 5.42 mln
+      Turnover 1.22 billion stg vs 1.10 billion
+  
+
diff --git a/reuters/training/9189 b/reuters/training/9189
new file mode 100644
index 0000000000000000000000000000000000000000..d6d9a29b7eb76c7172ab59aa7e815d641ad22995
--- /dev/null
+++ b/reuters/training/9189
@@ -0,0 +1,17 @@
+DELTA GROUP <DLTL.L> YEAR TO JAN 3.
+  Shr net basis 24.8p vs 24.5p
+      Shr nil basis 22.7p vs 20.9p
+      Div 5p making 7.6p vs 6.5p
+      Pretax profit 57.78 mln stg vs 50.61 mln
+      Net after tax 37.47 mln vs 36.49 mln
+      Outside shareholders interests 1.75 mln vs 1.32 mln
+      Extraordinary debit 370,000 vs 1.93 mln
+      Turnover 533.59 mln vs 555.81 mln
+      Profit breakdown by activity -
+      Electrical equipment 28.59 mln stg vs 27.60 mln
+      Engineering 10.75 mln vs 11.13 mln
+      Industrial services 18.78 mln vs 16 mln
+      Corporate finance 340,000 vs 4.12 mln
+      Making total pre-tax profit 57.78 mln vs 50.61 mln.
+  
+
diff --git a/reuters/training/9190 b/reuters/training/9190
new file mode 100644
index 0000000000000000000000000000000000000000..162f9e80f5b65aa5ada69fc34b9c32675deb45bf
--- /dev/null
+++ b/reuters/training/9190
@@ -0,0 +1,24 @@
+PLACER PACIFIC SAYS BIG BELL GOLD STUDY EXPANDING
+  <Placer Pacific Ltd> said it will
+  undertake a full feasibility study of Western Australia's Big
+  Bell gold prospect.
+      Results of an economic evaluation of the find, in which
+  Placer has an option with <Australian Consolidated Minerals
+  Ltd> (ACM) to earn a 50 pct interest, were encouraging enough
+  to warrant a full study, Placer said in a statement.
+      Big Bell, in the Murchison goldfield 540 km north east of
+  Perth, was founded in 1904. Between 1937 and 1955 it yielded
+  22.8 tonnes of gold and 7.8 tonnes of silver while milling
+  about 30,000 tonnes of ore a month.
+      Placer has said the prospect has an estimated 14 mln tonnes
+  of ore with a three-gram-per-tonne concentration accessible by
+  open-pit mining and a further 4.5 mln tonnes with a
+  4.4-gram-a-tonne concentration between 300 and 600 meters
+  underground.
+      It said it was obliged to produce the feasibility study no
+  later than December 31 this year by which time it would have
+  spent three mln dlrs on Big Bell.
+      If the results are positive and a commitment to develop
+  made then construction would take about 12 months, Placer said.
+  
+
diff --git a/reuters/training/9192 b/reuters/training/9192
new file mode 100644
index 0000000000000000000000000000000000000000..d59a07ac3057519dc23da4666767e3c442c51bbb
--- /dev/null
+++ b/reuters/training/9192
@@ -0,0 +1,14 @@
+BABCOCK EXPECTS FURTHER PROGRESS IN 1987
+  Babcock International Plc <BABK.L> said
+  in a statement accompanying final results for 1986, showing
+  pretax profits up to 37.09 mln stg from 34.55 mln in 1985, that
+  overall further progress is expected in 1987.
+      The predicted slowdown of the U.S. Automobile industry is
+  affecting the North American group although the improved
+  performance in the FATA European group during 1986 is expected
+  to continue into this year.
+      In the U.K. Overall profitability will improve when the
+  Central Electricity Generating Board's ordering programme for
+  both nuclear and fossil-fired fuels starts.
+  
+
diff --git a/reuters/training/9193 b/reuters/training/9193
new file mode 100644
index 0000000000000000000000000000000000000000..73b7e4184af9675a5224b0d66bda9ec1a95e7572
--- /dev/null
+++ b/reuters/training/9193
@@ -0,0 +1,11 @@
+EGYPT BUYS 46,000 TONNES OF SUNFLOWERSEED OIL
+  Egypt purchased 46,000 tonnes of
+  optional origin sunflowerseed oil at its import tender
+  yesterday, all for May arrival, traders said.
+      The business comprised 41,000 tonnes of crude sunflowerseed
+  oil in bulk at prices ranging from 344.25 to 348 dlrs and 5,000
+  tonnes of refined oil in drums at from 517.50 to 522.50 dlrs
+  per tonne, cost and freight Alexandria, delivered quality
+  terms.
+  
+
diff --git a/reuters/training/9194 b/reuters/training/9194
new file mode 100644
index 0000000000000000000000000000000000000000..20dac9f951073d61f8943427d0626fbfc872ca69
--- /dev/null
+++ b/reuters/training/9194
@@ -0,0 +1,24 @@
+CHINA TO TIGHTEN IMPORT CONTROL, CUT EXPORT COSTS
+  China should tighten imports of ordinary
+  goods and restrict or even forbid import of goods which can be
+  made domestically, Premier Zhao Ziyang said.
+      He told the National People's Congress, China's parliament,
+  that the country's foreign exchange is limited and must be used
+  where it is most needed.
+      "We should expand production of import substitutes and
+  increase their proportion," he said.
+      On exports, China should increase its proportion of
+  manufactured goods, especially textiles, light industrial
+  goods, electronics and machinery, he said.
+      Zhao said China should lower the cost of exports and
+  control the export of goods that incur too much loss. In 1986
+  China had a trade deficit of 11.9 billion dlrs, down from a
+  record 14 billion in 1985.
+      Zhao said China should work to provide a more favourable
+  investment environment for foreign businessmen. It should use
+  foreign funds for production and construction, with stress on
+  firms making goods for export or import substitutes.
+      China should also earn more foreign exchange from tourists
+  and contracted labour abroad, he added.
+  
+
diff --git a/reuters/training/9195 b/reuters/training/9195
new file mode 100644
index 0000000000000000000000000000000000000000..95770863764b97f0957acda1ff9735495eac8316
--- /dev/null
+++ b/reuters/training/9195
@@ -0,0 +1,8 @@
+WEST GERMANS TO MINT COMMUNITY ANNIVERSARY COIN
+  The West German Cabinet approved a plan to
+  mint a special 10-mark coin commemorating the 30th anniversary
+  of the European Community this year.
+      The silver-copper alloy coin will be minted in an edition
+  of 8.35 mln, a Finance Ministry statement said.
+  
+
diff --git a/reuters/training/9196 b/reuters/training/9196
new file mode 100644
index 0000000000000000000000000000000000000000..53706c9f27e062883785ad679904121bec731f7c
--- /dev/null
+++ b/reuters/training/9196
@@ -0,0 +1,17 @@
+SINGAPORE GDP TO GROW SIX PCT IN FIRST QUARTER
+  Singapore's gross domestic product
+  will grow six pct in the first quarter and five pct in the
+  second quarter this year, with further growth expected in the
+  second half, Trade and Industry Minister Lee Hsien Loong told
+  parliament.
+      The figures compared with 3.4 pct contraction and 1.2 pct
+  growth respectively for the first and second quarters of 1986.
+      The estimates were based on a tentative leading indicator
+  incorporating new business orders, company inventories and
+  share prices used by his ministry, Lee said, without giving
+  further details of the new indicator.
+      Singapore's economy grew 1.9 pct last year, after shrinking
+  1.8 pct in 1985. The government has forecast growth rate of
+  three to four pct for 1987.
+  
+
diff --git a/reuters/training/9197 b/reuters/training/9197
new file mode 100644
index 0000000000000000000000000000000000000000..82ada49d19c0a8d6eb039af1655230d76bf5fef5
--- /dev/null
+++ b/reuters/training/9197
@@ -0,0 +1,9 @@
+CARGILL U.K. STRIKE TALKS TO RESUME THIS AFTERNOON
+  Talks between Cargill U.K. Ltd's
+  management and unions, aimed at ending the prolonged strike at
+  its Seaforth oilseed processing plant, will resume this
+  afternoon, a company spokesman said.
+      Yesterday's session failed to reach a compromise but some
+  progress was made, he said.
+  
+
diff --git a/reuters/training/92 b/reuters/training/92
new file mode 100644
index 0000000000000000000000000000000000000000..19934004f5c5e33d11684f35efc5d456d44859f0
--- /dev/null
+++ b/reuters/training/92
@@ -0,0 +1,5 @@
+U.S. M-1 MONEY SUPPLY RISES 2.1 BILLION DLRS IN FEB 16 WEEK, FED SAYS
+
+  U.S. M-1 MONEY SUPPLY RISES 2.1 BILLION DLRS IN FEB 16 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/920 b/reuters/training/920
new file mode 100644
index 0000000000000000000000000000000000000000..24cacef40d95adf6fb3c2af9a3fa966ba123aab9
--- /dev/null
+++ b/reuters/training/920
@@ -0,0 +1,18 @@
+STC PLC <STCL.L> YEAR TO END-1986
+  Shr profit 15.9p vs 2.25p loss
+      Div 3p making 4.5p vs nil
+      Turnover 1.93 billion stg vs 1.99 billion
+      Pretax profit 134.2 mln vs 11.4 mln loss
+      Tax 47.2 mln vs nil
+      Operating profit 163.0 mln vs 92.7 mln
+      Interest less investment income 13.8 mln vs 37.2 mln
+      Exceptional debit 15.0 mln vs 66.9 mln
+      Minorities 0.3 mln vs 0.4 mln
+      Extraordinary credit 16.4 mln vs 42.0 mln debit
+      Operating profit includes -
+      International computers 90.2 mln vs 61.7 mln
+      Communications systems 56.1 mln vs 48.7 mln
+      Components and distribution 20.0 mln vs 1.5 mln
+      Defence 9.4 mln vs 13.1 mln
+  
+
diff --git a/reuters/training/9201 b/reuters/training/9201
new file mode 100644
index 0000000000000000000000000000000000000000..3e9be3692ed2a439a4fe6954ef73667451f5eb7a
--- /dev/null
+++ b/reuters/training/9201
@@ -0,0 +1,13 @@
+BRITISH COMPOUND FEED PRODUCTION DETAILED
+  Feed compounds, balancers and
+  concentrates produced in Britain in the five weeks ended
+  January 31 totalled 973,400 tonnes, against 966,200 tonnes
+  produced in the same 1986 period, Ministry of Agriculture
+  figures show.
+      However, cattle/calf feed output, the largest single
+  component, was 7.2 pct down at 435,900 tonnes against 469,900
+  tonnes. Pig feed was 170,800 tonnes versus 171,600, and poultry
+  feed 287,600 compared with 256,600. Other smaller components
+  included in the total all showed increases.
+  
+
diff --git a/reuters/training/9202 b/reuters/training/9202
new file mode 100644
index 0000000000000000000000000000000000000000..b0b4d2081cf07bc76e9dda7b5e79c8c8476efee8
--- /dev/null
+++ b/reuters/training/9202
@@ -0,0 +1,23 @@
+KLOECKNER UND CO'S 1986 PROFIT FALLS ABOUT 20 PCT
+  Kloeckner & Co KGaA, the
+  international trading group, said its 1986 domestic group net
+  profit fell by around 20 pct against 1985, adding that the
+  profit resulted largely from a writing back of reserves.
+      The company, which gave no 1986 profit figures, posted a
+  domestic group net profit of 41 mln marks in 1985.
+      It said the 1986 profit was made possible through a 40 mln
+  mark write-back of reserves that had been created to cover
+  possible price rises. These reserves were no longer necessary
+  because of recent declines in raw material prices.
+      Kloeckner attributed the profit decline to the fall in
+  prices as well as the lower value of the dollar.
+      It said it would pay an unchanged dividend on its ordinary
+  share capital, which is entirely in private hands and held
+  largely by family foundations.
+      Kloeckner's nominal 100 mark profit-participation
+  certificates, issued in October 1986, will pay a likely yield
+  of around 10 pct. Holders of the certificates are entitled to a
+  quarter of the 1986 payment, or around 2.50 marks, the company
+  added.
+  
+
diff --git a/reuters/training/9203 b/reuters/training/9203
new file mode 100644
index 0000000000000000000000000000000000000000..a7d282c24f6b7df0e6f6630c46c934f9839d26e6
--- /dev/null
+++ b/reuters/training/9203
@@ -0,0 +1,79 @@
+MIXED ASIAN REACTION TO NEW RUBBER PACT
+  Governments of major Asian
+  producing countries have welcomed the conclusion of a new
+  International Natural Rubber Agreement (INRA), but growers and
+  traders are unhappy with the development, according to views
+  polled by Reuter correspondents.
+      Officials in Malaysia, Indonesia and Thailand, which
+  produce the bulk of the world's rubber, said they expected the
+  new pact to continue to stabilise prices and help their rubber
+  industries remain viable in the long-term.
+      But traders and growers said they were against the new pact
+  because its buffer stock mechanism was likely to interefere
+  with free market forces and prevent sharp rubber price rises.
+      The new INRA, to replace the current one which expires on
+  October 22, was formally adopted by most of the world's
+  producers and consumers in Geneva last Friday.
+      It will be open for signature at the U.N. Headquarters in
+  New York from May 1 to December 31 this year and will enter
+  into force provisionally when ratified by countries accounting
+  for 75 pct of world rubber exports and 75 pct of world imports.
+      Malaysian Primary Industries Minister Lim Keng Yaik said
+  the formal adoption of a new pact had dispelled fears of
+  liquidation of some 360,000 tonnes of INRA buffer stock rubber
+  and a possible depression of prices.
+      He expressed confidence that the new INRA would continue to
+  keep prices stable by selling or buying rubber as prices rose
+  or fell through its buffer stock system.
+      Malaysia was also happy that in the new INRA financing of
+  purchases for the normal buffer stock of 400,000 tonnes and a
+  contingency buffer stock of 150,000 tonnes would be done
+  through direct cash contributions from members, he said.
+      Under the existing pact, members can borrow from banks to
+  finance INRA's buffer stock purchases. This has been viewed
+  with concern by some members who fear the INRA may become
+  indebted and ultimately face collapse, like the International
+  Tin Agreement.
+      "This will ensure the buffer stock operation is carried out
+  without any financial encumbrance," Lim said.
+       Malaysia, the world's largest producer, was seeking
+  cabinet approval to join the new INRA and hoped other producers
+  and consumers would also become members, he said.
+      Officials in Jakarta said the new pact would bring benefit
+  to Indonesia's rubber industry's by stabilising prices.
+      It was unlikely to collapse like the tin agreement because
+  its new financial provisions had been tightened, they said.
+      Thai officials told Reuters they were optimistic the new
+  pact was viable because it strictly limited the extent of debt
+  the INRA buffer stock manager might commit to his market
+  operations.
+       Malaysian growers, however, said they preferred a free
+  rubber market because an INRA had a tendency to keep prices at
+  levels that were only acceptable to consumers.
+      "With the INRA's ability to keep prices at a certain stable
+  level, consumers are assured of rubber at almost a fixed price,
+  while producers may never see sharp price rises," a Malaysian
+  Rubber Producers Council source told Reuters.
+      Producers also wanted a free rubber market without the
+  overhang of a 360,000 tonne INRA buffer stock which had
+  psychologically prevented price rises, he said.
+      State plantation officials in Sri Lanka said prices had
+  been depressed since INRA's inception and the creation of a
+  buffer stock, and they seemed unlikely to rise.
+      Sri Lanka should not be a member of the INRA because it was
+  expensive to maintain a buffer stock, they added.
+      Traders in the region, meanwhile, said prices might be
+  pressured by the new pact in the long term as its potential to
+  stabilise prices and buffer stock capacity would spur producers
+  to produce more.
+      Most Malaysian and Singapore traders said the new pact's
+  conclusion had little impact on prices and it was unlikely to
+  allow sharp price fluctuations in future.
+      "The 360,000 tonnes in the INRA buffer stock must be
+  liquidated and a free market returned," a Malaysian trader said.
+      Japanese traders said the new pact had a chance for success
+  as most world producers and consumers had adopted it, but they
+  questioned the ability of some financially-strapped producers
+  to finance buffer stock operations.
+  
+
diff --git a/reuters/training/9204 b/reuters/training/9204
new file mode 100644
index 0000000000000000000000000000000000000000..dff55bac95fc17a983204bef956ff747a27c2889
--- /dev/null
+++ b/reuters/training/9204
@@ -0,0 +1,14 @@
+CIBA-GEIGY, PHILLIPS PETROLEUM IN JOINT VENTURE
+  Ciba-Geigy AG <CIGZ.Z> said it would
+  establish a joint venture with Phillips Petroleum Co. In Europe
+  to manufacture a high performance engineering thermoplastic.
+      Initially, the Swiss chemicals firm will manufacture
+  polyphenylene sulfide compounds using resins from Phillips.
+      The two firms will later set up a joint venture to produce
+  the polyphenylene resins and compounds, which will be marketed
+  independently under their respective trademarks. A Ciba-Geigy
+  spokesman declined to say how much the venture would cost.
+      Polyphenylene sulfide is widely used in the electronic,
+  automotive, and petroleum fields.
+  
+
diff --git a/reuters/training/9205 b/reuters/training/9205
new file mode 100644
index 0000000000000000000000000000000000000000..2e41cd63dc845833da48c1675bfb14a1eab16a10
--- /dev/null
+++ b/reuters/training/9205
@@ -0,0 +1,25 @@
+KRUPP TO BUILD SOUTH KOREAN STEEL PLANT
+  Fried. Krupp GmbH said its
+  Krupp Industrietechnik GmbH subsidiary has won a 130 mln marks
+  joint order with Samsung Shipbuilding and Heavy Industries Co.
+  Ltd of Seoul for a steel works in Pohang, South Korea.
+      It said the order, awarded by the Pohang Iron and Steel Co.
+  Ltd, involves a works due to go on stream in 1989 producing
+  250,000 tonnes of non-corrosive quality steels annually.
+      The consortium partners will supply the plant, supervise
+  its construction and advise on product processing, with Krupp
+  providing a 100-tonne capacity arc furnace and a converter for
+  steel refining.
+      The West German company will supply ladles, vehicles,
+  electrical and exhaust cooling apparatus and dust filters. It
+  will also fit out the plant's laboratory.
+      Among other things Krupp said it will provide know-how for
+  all production phases and train the Korean workforce.
+      It said Samsung will take care of the Korean part of the
+  engineering and electrical work, the water treatment and other
+  mechanical equipment, according to Krupp basic engineering.
+      Extruded ingots from the plant will be converted to sheet
+  in an existing hot rolling mill. The sheet will be processed in
+  facilities which are to be erected, Krupp said.
+  
+
diff --git a/reuters/training/9206 b/reuters/training/9206
new file mode 100644
index 0000000000000000000000000000000000000000..29937ce858fd9bb0d77319a5bce3e8ba9b01f9f6
--- /dev/null
+++ b/reuters/training/9206
@@ -0,0 +1,48 @@
+SWIRE EXPECTS CONTINUED GROWTH THIS YEAR
+  Swire Pacific Ltd <SWPC.HKG> expects
+  continued growth in all divisions this year though it sees
+  problems in the marine sector, chairman Michael Miles said.
+      He told reporters:"1987 has started well for Cathay Pacific
+  Airways which looks forward to another good year... Swire
+  Properties expects further good results both from properties
+  under development for sale and from its investment property
+  portfolio."
+      He did not give any specific projections for earnings. The
+  company earlier reported 46 pct higher 1986 net profits at 1.78
+  billion H.K. Dlrs from a year ago.
+      Swire also had an extraordinary profit of 1.38 billion dlrs
+  mainly from the sale of a 15.25 pct interest in Cathay Pacific
+  Airways Ltd <CAPH.HKG>.
+      Miles said the company will use the money to develop its
+  business, primarily in Hong Kong.
+      Swire's stake in Cathay was first reduced to 54.25 pct from
+  70 pct when Cathay was publicly floated, and then cut to 50.25
+  pct when Cathay issued new shares amounting to 12 pct of the
+  enlarged capital to the state-owned <China International Trust
+  and Investment Corp>. Cathay last week reported its 1986
+  profits rose to 1.23 billion dlrs from 777 mln a year ago.
+      Miles said despite last year's rapid expansion in Cathay's
+  flights and fleet, load factor is still holding up at 70 pct.
+      He said Cathay's growth last year was the result of "a
+  marginal increase in the revenue load factor coupled with
+  savings in fuel costs."
+      "At present fuel prices are stable and will remain stable
+  for the rest of this year," he said, "though there might be a bit
+  of increase later this year.''
+      Miles said Swire is not abandoning its offshore oil service
+  operations, even though the marine sector is generally
+  depressed. "Obviously the marine industry is not getting any
+  better," he said.
+      The real estate market remained strong and Swire last year
+  revalued its property portfolio up 634 mln dlrs compared with
+  an increase of 864.4 mln dlrs the previous year.
+      Miles said he expects the property market to remain firm
+  but said the firm has no available land for a major housing
+  project such as its Taikoo Shing development on Hong Kong
+  island now near completion.
+      He said the company's 50 pct unit <Hongkong United Dockyard
+  Ltd> is negotiating with the government for the development of
+  an existing petroleum storage depot into a major housing
+  estate. "But it's not as big as Taikoo Shing," he said.
+  
+
diff --git a/reuters/training/9207 b/reuters/training/9207
new file mode 100644
index 0000000000000000000000000000000000000000..aabecf8ad5ca24e9aaf9128c0f88c5372e14c95c
--- /dev/null
+++ b/reuters/training/9207
@@ -0,0 +1,19 @@
+UNCERTAINTY SURROUNDS EC SUGAR TENDER RESULT-TRADE
+  Considerable uncertainty surrounds the
+  outcome of today's EC white sugar tender, traders here said,
+  noting it remains overshadowed by European operator threats to
+  move over 800,000 tonnes of sugar into intervention.
+      They said that due to the dispute between the Commission
+  and producers over the issue, it is not clear whether the
+  Commission will authorise any exports at all or grant licences
+  on a large tonnage.
+      The subsidy is seen being set above 45.00 Ecus per 100
+  kilos, although traders are reluctant to predict a precise
+  level after prices fell yesterday.
+      Earlier, traders in Paris said they expected the Commission
+  to award licences for around 50,000 tonnes of white sugar with
+  a maximum export rebate of 45.75 to 46.0 Ecus.
+      Last week, the Commission granted licences to end August on
+  60,500 tonnes of whites at a maximum rebate of 44.819.
+  
+
diff --git a/reuters/training/9208 b/reuters/training/9208
new file mode 100644
index 0000000000000000000000000000000000000000..323bfac0a2cfd276d099f78c8ca3463236311f55
--- /dev/null
+++ b/reuters/training/9208
@@ -0,0 +1,36 @@
+ABU DHABI TO REOPEN GULF OILFIELD HIT IN 1986 RAID
+  Abu Dhabi's offshore Abu al-Bukhoosh
+  oilfield in the Gulf, shut since an aerial attack last
+  November, will reopen when new anti-aircraft defences are
+  ready, and this could be in the next two months, oil industry
+  sources said.
+      They said the Abu Dhabi government and Compagnie Francaise
+  des Petroles (Total) <TPN.PA>, whose Total Abu al-Bukhoosh
+  subsidiary owns 51 pct of the field, have agreed on the
+  reopening, but that a date has not been definitely fixed.
+      Unidentified planes hit the field, 100 miles off Abu Dhabi,
+  last November 25.
+      The raid killed eight workers and destroyed the main living
+  quarters and a bridge linking a wellhead to the main production
+  platform.
+      Western diplomats in the region say Iran was responsible
+  but Tehran has blamed its Gulf War enemy Iraq.
+      Abu al-Bukhoosh was producing 57,000 barrels per day (bpd)
+  at the time of the attack, but the sources said it would resume
+  at a maximum of half that level because of reduced staff and
+  the fact only four of five wellheads were now operable.
+      The sources said only 80 personnel can be housed in
+  remaining accomodations, the sources said.
+      Facilities being installed to protect the field include
+  aircraft detection equipment, anti-aircraft missiles, housing
+  for military personnel and helicopter landing pads, the sources
+  said.
+      Abu Dhabi is the largest oil producer in the United Arab
+  Emirates, accounting for about 800,000 bpd of its total 1.15
+  mln bpd production, the sources said.
+      They also said Iran was working to reopen its Sassan field,
+  part of the same reservoir as Abu al-Bukhoosh and located only
+  a few miles away. Sassan was heavily damaged by an Iraqi air
+  raid only 10 days before Abu al-Bukhoosh was attacked.
+  
+
diff --git a/reuters/training/921 b/reuters/training/921
new file mode 100644
index 0000000000000000000000000000000000000000..3360b87e7bc87c2b6733efb3d37980bf2e87f154
--- /dev/null
+++ b/reuters/training/921
@@ -0,0 +1,34 @@
+COMALCO SAYS LOWER COSTS HELPED RETURN TO PROFITS
+  Comalco Ltd <CMAC.S> said its return
+  to profit reflected reduced costs, improved primary aluminium
+  prices and its withdrawal from a Japanese smelter venture.
+      It said the earlier reported 57.1 mln dlr profit for the
+  year ended December 31 against a 69.13 mln dlr loss in 1985 was
+  also aided by lower interest rates on U.S. Dollar debt and
+  greater sales of bauxite and aluminium.
+      Comalco said it expected to pay at least a four cents per
+  share final, dividend delayed until July 1 to take advantage of
+  proposed dividend imputation laws.
+      This would make five cents for the year against a first and
+  final of one cent in 1985.
+      Comalco said the aluminium industry continued to suffer
+  from low prices and excess capacity, though the weak Australian
+  dollar had helped earnings.
+      Withdrawal from the <Showa Aluminium Industries KK> joint
+  venture had been recapitalised in expansion by the <New Zealand
+  Aluminium Smelters Ltd> project with Japan's <Sumitomo
+  Aluminium Smelting Co Ltd>, permitting repayments and increases
+  in liquid funds totalling 165 mln dlrs, it said.
+      As previously reported Comalco's <Commonwealth Aluminium
+  Corp> unit has conditionally agreed to sell its smelter at
+  Goldendale, Washington, and port facilities at Portland, Oregon
+  to <Columbia Aluminium Corp>.
+      Comalco said it had made a 27.3 mln dlr extraordinary
+  provision for Goldendale losses and closure costs but that if
+  the sales agreement were completed it would reduce the
+  provision made in the 1986 accounts.
+      The other items in the total extraordinary loss of 140.5
+  mln dlrs were a 102.9 mln write-off of unrealised exchange
+  losses and 10.3 mln for an increase in future tax provision.
+  
+
diff --git a/reuters/training/9210 b/reuters/training/9210
new file mode 100644
index 0000000000000000000000000000000000000000..6f729007e90f86fe7d86a444db863b5e90e563c5
--- /dev/null
+++ b/reuters/training/9210
@@ -0,0 +1,24 @@
+RAINBOW LIFTS PROGRESSIVE STAKE TO 52 PCT
+  <Rainbow Corp Ltd> said it has
+  lifted its stake in supermarket group <Progressive Enterprises
+  Ltd> to 52 pct from 44 pct.
+      It said in a statement it has bought an extra 9.4 mln
+  shares at prices ranging from 3.80 N.Z. Dlrs to 4.80.
+      Progressive is currently the subject of both a proposed
+  merger with Rainbow and a full takeover bid from <Brierley
+  Investments Ltd> (BIL). The BIL bid, launched on Monday, is at
+  4.20 dlrs a share. The Rainbow merger involves shareholders in
+  both Rainbow and Progressive being issued shares in a new
+  company, <Astral Pacific Corp Ltd>, on a one-for-one basis.
+      Rainbow chief executive Craig Heatley said, "In our opinion
+  BIL's actions over the last few days have been undertaken for
+  their own strategic purposes which conflict with the desire of
+  both companies to merge their interests."
+      BIL has said it is against the merger because it sees
+  Progressive shares as being worth twice as as much as
+  Rainbow's.
+      Progressive traded today at 4.42, Rainbow at 3.66 and BIL
+  at 4.30 at the end of morning trading on the New Zealand Stock
+  Exchange.
+  
+
diff --git a/reuters/training/9213 b/reuters/training/9213
new file mode 100644
index 0000000000000000000000000000000000000000..81d1c21a75e5151241233265a8cddbe7b7ee8221
--- /dev/null
+++ b/reuters/training/9213
@@ -0,0 +1,46 @@
+YEN MAY RISE TO 140 TO THE DLR, NIKKEIREN SAYS
+  The yen could rise to 140 yen to the
+  dollar, a leading Japanese businessman said.
+      Bumpei Otsuki, president of the influential Japan
+  Federation of Employers' Associations, (Nikkeiren), told
+  reporters: "The yen might rise as far as 140 (to the dollar).
+  The U.S. Economy is not good, and as long as the U.S. Economy
+  is not good, the U.S. Will put various pressures (on Japan)."
+      "The yen's level depends on the condition of the U.S.
+  Economy rather than Japan's economy, and as long as the
+  American situation is bad, the yen will continue to rise," he
+  said.
+      To cope with the negative impact of the strong yen,
+  Japanese enterprises must strive to cut costs by all means,
+  including holding down wages as much as possible, Otsuki said.
+      He rejected recent calls from some government quarters for
+  wage increases this year as a means of raising private
+  consumption and thus boosting domestic demand.
+      "We have to keep wages as low as possible," he said.
+      He also said the yen's large and rapid rise is depressing
+  the outlook for the Japanese economy, noting that in addition
+  to hurting exporters it is also damaging domestic market
+  manufacturers through cheap imports.
+      Parts of the service sector are also threatened, Otsuki
+  said.
+      Tertiary industries provide services to manufacturers and a
+  downturn in manufacturing profits will adversely affect service
+  industries, he said.
+      It is also doubtful whether the tertiary sector can fully
+  employ those put out of work in the manufacturing sector, he
+  said.
+      Profits of service sector companies are likely to fall in
+  the business year ending in March 1988, leading to a possible
+  recession in the Japanese economy, he said.
+      Otsuki said economic growth is unlikely to pick up beyond
+  levels experienced in 1986.
+      The government's Economic Planning Agency said last week
+  the economy grew at 2.5 pct in 1986, the worst performance
+  since 1974 when the economy shrank 1.4 pct due to the first oil
+  price crisis.
+      In order to stimulate domestic demand and boost the
+  economy, tax reforms aimed at bringing down the cost of land
+  and reforming the nation's housing stock are needed, along with
+  steps to bring down the high cost of commodities, he said.
+  
+
diff --git a/reuters/training/9214 b/reuters/training/9214
new file mode 100644
index 0000000000000000000000000000000000000000..3b9f415841246163f29af82a46739eb37c25b6c4
--- /dev/null
+++ b/reuters/training/9214
@@ -0,0 +1,14 @@
+JAPAN BUYS MODEST AMOUNT OF DOLLARS, DEALERS SAY
+  The Bank of Japan bought a modest amount
+  of dollars this morning, possibly around 200 to 300 mln,
+  dealers said.
+      One dealer said the central bank bought about 200 mln dlrs
+  through brokers and the rest through banks. The buying began
+  when the dollar was at about 149.60 yen, and helped drive the
+  U.S. Currency up to around 150, he said.
+      Another said the central bank seemed to be trying to push
+  the dollar up above 150 yen. But heavy selling at around that
+  level quickly pushed the dollar back down towards 149 yen,
+  dealers said.
+  
+
diff --git a/reuters/training/9216 b/reuters/training/9216
new file mode 100644
index 0000000000000000000000000000000000000000..ecb361249aa5834ade2c986ca744da001df75dce
--- /dev/null
+++ b/reuters/training/9216
@@ -0,0 +1,25 @@
+JAPAN DOES NOT INTEND TO CUT DISCOUNT RATE-SUMITA
+  Bank of Japan governor Satoshi Sumita
+  said the central bank has no intention of cutting its discount
+  rate again as a way of preventing the yen's rise.
+      He told a press conference that the growth of Japanese
+  money supply remains high.
+      The bank will have to watch closely various developments
+  resulting from its already eased monetary stance, such as the
+  sharp rise in real estate and stock prices, he said.
+      Although the yen's rise will have a greater deflationary
+  impact on the economy, the economy is not likely to slow down
+  much further, Sumita said.
+      "I don't think we should change our economic outlook at the
+  moment," Sumita said.
+      Sumita has said in the past that he expects the economy to
+  show a gradual upturn in the second half of the year.
+      The governor said the six major industrial nations are
+  expected to review last month's pact on currency stability when
+  they meet next in April.
+      Dealers said they expect the six - Britain, Canada, France,
+  Japan, the U.S. Amd West Germany - to meet just before the
+  IMF/World Bank interim committee meeting in Washington starting
+  on April 9.
+  
+
diff --git a/reuters/training/9217 b/reuters/training/9217
new file mode 100644
index 0000000000000000000000000000000000000000..b5be00eb42c40228b7709c2cabdc9f7472d8e7cf
--- /dev/null
+++ b/reuters/training/9217
@@ -0,0 +1,7 @@
+U.K. MONEY MARKET FORECAST REVISED TO SHOW SURPLUS
+  The Bank of England said it had revised
+  its forecast of the liquidity position in the money market
+  today to a surplus of 150 mln stg after it estimated a flat
+  position earlier this morning.
+  
+
diff --git a/reuters/training/9218 b/reuters/training/9218
new file mode 100644
index 0000000000000000000000000000000000000000..8d350640b6e2ea4e303e6ef9fb49c84082dd19eb
--- /dev/null
+++ b/reuters/training/9218
@@ -0,0 +1,8 @@
+BANK OF ENGLAND DOES NOT OPERATE IN MONEY MARKET
+  The Bank of England said it had not
+  operated in the money market during the morning session.
+      Earlier, the Bank revised its forecast of the liquidity
+  position in the system today to a surplus of 150 mln stg from
+  its original estimate of a flat position.
+  
+
diff --git a/reuters/training/922 b/reuters/training/922
new file mode 100644
index 0000000000000000000000000000000000000000..81ce745b99c31cb9c8b618488ce1504665ac0220
--- /dev/null
+++ b/reuters/training/922
@@ -0,0 +1,58 @@
+CRA EXPECTS TO PAY FINAL DIVIDEND OF 10 CENTS
+  CRA Ltd <CRAA.S> said it expected to
+  pay a final 1986 dividend of not less than 10 cents a share
+  after July 1, making 13 cents forthe year against 15 in 1985.
+      The mining and smelting group earlier reported 1986 net
+  earnings rose to 138.2 mln dlrs from 87.8 mln in 1985, against
+  analysts' forecasts yesterday of 125 mln to160 mln.
+      CRA said it was deferring consideration of a dividend until
+  later this year to provide the benefit of dividend imputation
+  to its shareholders. After July 1, dividends will be tax-free
+  to shareholders provided they come out of earnings on which the
+  full 49 pct company tax rate has been pid.
+      The company operates on a substituted tax year, not the
+  fiscal year ending June 30, and as a result has incurred tax at
+  the 49 pct rate on 1986 earnings, CRA said in a statement.
+      Consequently, it has funds available for distribution with
+  dividend imputed but is waiting to see the imputation
+  legislation before determining the final payout, it said.
+      Despite the higher net earnings, CRA said 1986 was a poor
+  year for the minerals industry, with the notable exception of
+  gold producers.
+      Prices for major metals expressed in real U.S. Dollars
+  declined to the lowest levels in about 50 years, it said.
+      Fluctuating exchange and interest rates added volatility
+  and uncertainty, while the revaluation of the yen is leading to
+  substantial restructuring of Japanese industry, CRA said.
+      World demand for metals is growing slowly. Inventories have
+  steadily declined, with supply and demand in better balance,
+  but overcapacity continues, CRA said.
+      Turning to contributions to its earnings, CRA said
+  Bougainville Copper Ltd <BUVA.S> contributed 31.3 mln dlrs
+  while its share of Comalco Ltd's <CMAC.S> net was 37.8 mln.
+      Net earnings from iron-ore operations were 111.8 mln dlrs
+  against 149.2 mln in 1985, it said.
+      Lead, zinc and silver mining and smelting operations
+  incurred a net loss of 66.8 mln dlrs against a 38.1 mln loss in
+  1985, CRA said.
+      Coal activities resulted in a net profit of 36.7 mln dlrs
+  against 34.1 mln, while salt raised its contribution to 4.7 mln
+  from 2.8 mln.
+      CRA's share of earnings from the Argyle diamond project
+  amounted to 12.0 mln dlrs against nine mln in 1985.
+      CRA said the main item in its 250.28 mln dlr extraordinary
+  loss was a 172.9 mln writeoff of unrealised foreign exchange
+  losses on borrowings as required by a new accounting standard.
+      Other extraordinary items were 63.3 mln dlrs provided for
+  closures and writedown of assets and a 14.1 mln increase in
+  future tax provisions, CRA said.
+      Cash flow continued at a high level, being 950.6 mln dlrs
+  before capital expenditure against 1.02 billion in 1985. The
+  strong cash flow, coupled with the proceeds of the 1986 rights
+  issue and the use of existing cash balances, enabled group debt
+  to be reduced by nearly 500 mln dlrs.
+      CRA said it held forward contracts at year-end to buy 985
+  mln U.S. Dlrs to hedge part of its foreign debt. This cost 47.0
+  mln dlrs after tax, included in the net interest cost.
+  
+
diff --git a/reuters/training/9220 b/reuters/training/9220
new file mode 100644
index 0000000000000000000000000000000000000000..284722a069a689b7c451599f03f0fd9776747b80
--- /dev/null
+++ b/reuters/training/9220
@@ -0,0 +1,37 @@
+EXCHANGE RATES ALMOST WITHIN G-6 LEVELS - SUMITA
+  Bank of Japan governor Satoshi Sumita
+  said that current exchange rates are almost within the levels
+  agreed to by six major nations last month in Paris.
+      Asked whether a dollar/yen rate of 148 or 149 reflected
+  economic fundamentals, he said current rates almost reflect
+  fundamentals.
+      Sumita told reporters major nations have cooperated to
+  bring about currency stability in line with the Paris
+  agreement, which stipulated that they would closely cooperate
+  to that end. He repeated the central bank will intervene if
+  necessary, adding he did not think a dollar free-fall was
+  likely.
+      But Sumita said he could not say exactly what currency
+  levels would be considered in line with underlying economic
+  fundamentals.
+      In Paris on February 22, Britain, Canada, France, Japan,
+  the U.S. And West Germany agreed to cooperate to hold
+  currencies around their then current levels.
+      Sumita said he could not find any specific reasons behind
+  the fall of the dollar to a record low against the yen
+  yesterday. But he said the market rushed to sell dollars as it
+  nervously reacted to statements abroad and to developments
+  surrounding trade tensions.
+      U.S. Treasury Secretary James Baker said over the weekend
+  that the Paris pact did not encompass fixed tragets for the
+  dollar. U.S. Trade Representative Clayton Yeutter called
+  U.S/Japan relations on certain key trade issues very strained.
+      The market reacted nervously because the dollar has been
+  moving narrowly against the yen since mid-January, Sumita said.
+  He added he does not expect the yen/dollar exchange rate to
+  remain unstable because the market is concerned about a sharp
+  rise of the yen.
+      The Bank of Japan will keep a close watch on exchange rates
+  in line with the Paris accord, he added.
+  
+
diff --git a/reuters/training/9222 b/reuters/training/9222
new file mode 100644
index 0000000000000000000000000000000000000000..4b9bd072a6185be35a9aa64634e36cb661ee7f7a
--- /dev/null
+++ b/reuters/training/9222
@@ -0,0 +1,24 @@
+JAPAN ASKS TRADERS, EXPORTERS TO CUT DOLLAR SALES
+  The Ministry of International Trade and
+  Industry (MITI) has asked about 30 Japanese trading houses and
+  exporters to refrain from excessive dollar selling, trading
+  house officials said.
+      The officials told Reuters MITI asked them to moderate
+  their foreign exchange trading because the excessive rise in
+  the yen will have unfavourable effects on the economy. It made
+  the request by telephone.
+      A MITI official said the ministry has conducted a survey of
+  foreign exchange trading by trade houses and exporters. But he
+  said it was not aimed at moderating dollar selling.
+      The trading house officials said MITI had asked them to
+  undertake foreign exchange transactions with due consideration
+  to the adverse effects excessive exchange rate movements would
+  have on the economy.
+      The MITI official said MITI undertakes such surveys when
+  exchange rates fluctuate widely. A similiar survey was made
+  when the currency fell to the previous record low of 149.98 on
+  January 19. It hit a new record low of 148.20 yen yesterday.
+      He said the survey showed currency transactions by trade
+  houses and exporters contributed little to the dollar fall.
+  
+
diff --git a/reuters/training/9224 b/reuters/training/9224
new file mode 100644
index 0000000000000000000000000000000000000000..f05ff62b73cdd68a5a690bb6dd8ee35e4b3428f6
--- /dev/null
+++ b/reuters/training/9224
@@ -0,0 +1,24 @@
+CENTRAL BANKS BUY DOLLARS FOR YEN IN LONDON
+  The Bank of Japan intervened to stem
+  strong yen rises against the dollar during London trading this
+  morning, dealers said.
+      The Bank of Japan here declined comment.
+      The Bank of England was also rumored to be buying dollars
+  against the yen this morning but it also declined comment.
+      Dealers said the intervention halted a sudden late morning
+  drop to a low of 148.65 yen, holding the dollar steady until
+  midsession at about 148.80.
+      The Bank of England was strongly rumored to have intervened
+  on behalf of the dollar against the yen yesterday, but it gave
+  no confirmation.
+      Overnight reports from Tokyo said that the Bank of Japan
+  was aggressively supporting the dollar, but failed to push it
+  back to the perceived target level of 150 yen.
+      Selling during the London trading morning was largely
+  attributed to Japanese institutions.
+      Dealers here were loath to quantify the scale of Bank of
+  Japan action this morning. One U.S. Bank trader said it could
+  have been up to 500 mln dlrs, but said this was largely a
+  guess.
+  
+
diff --git a/reuters/training/9228 b/reuters/training/9228
new file mode 100644
index 0000000000000000000000000000000000000000..88e766da4a71963e7bc98f9f518a323c0153d903
--- /dev/null
+++ b/reuters/training/9228
@@ -0,0 +1,3 @@
+25-MAR-1987
+  25-MAR-1987
+
diff --git a/reuters/training/9229 b/reuters/training/9229
new file mode 100644
index 0000000000000000000000000000000000000000..ac445898ee059498fd4b623b56565183c7f8b8c1
--- /dev/null
+++ b/reuters/training/9229
@@ -0,0 +1,13 @@
+OCEAN TRANSPORT AND TRADING PLC <OTTL.L> YEAR 1986
+  Shr net basis 21.4p vs 17.5p
+      Div 6.1p making 9p vs 6.5p
+      Pretax profit 37.2 mln stg vs 31.9 mln
+      Net after tax 25.7 mln vs 20.3 mln
+      Minority interest 700,000 vs 1.1 mln
+      Extraordinary debit 1.9 mln vs 3.5 mln
+      Turnover 827 mln vs 766.9 mln
+      Note - The company said the sale of the minority holding in
+  OCL in 1986 has transformed the balance sheet and enables it to
+  accelerate development.
+  
+
diff --git a/reuters/training/9230 b/reuters/training/9230
new file mode 100644
index 0000000000000000000000000000000000000000..e541394c4df7b386336e5e0cc292c71037d00112
--- /dev/null
+++ b/reuters/training/9230
@@ -0,0 +1,27 @@
+DART GROUP RAISES SUPERMARKETS GENERAL <SGL> BID
+  <Dart Group Corp> said it has
+  raised its offer to acquire Supermarkets General Corp to 42.00
+  dlrs in cash and three dlrs in exchangeable preferred stock per
+  Supermarkets General share from 41.75 dlrs per share in cash.
+      The company said it would also be willing to negotiate a
+  plan with the Supermarkets General board under which
+  Supermarkets General shareholders would have a common stock
+  interest in the combined company.  It said it remains willing
+  to negotiate all terms of the proposed acquisition.
+      The original bid was worth about 1.62 billion dlrs.
+      Dart said the preferred stock in the new bid would be
+  exchangeable for a new class of Supermarkets General debt
+  securities that would be developed by Dart and Supermarkets.
+      The new proposal would be subject to approval by the
+  Supermarkets General board, it said.  The new bid was contained
+  in a letter to the Supermarkets General board.
+      In Woodbridge, N.J., Supermarkets General -- responding to
+  a previous letter to its board by Dart -- said "Your conduct
+  indicates to us that no transaction involving trust and
+  confidence can be entered into with you.  Your propaganda and
+  missstatements will not panic our board."
+      Dart, in its previous letter, had alleged that Supermarkets
+  General executives were seeking millions of dollar in severance
+  and tax payments from Dart.
+  
+
diff --git a/reuters/training/9231 b/reuters/training/9231
new file mode 100644
index 0000000000000000000000000000000000000000..4b80e7dedd2cd2c5f23f67d7254d16b180cf244c
--- /dev/null
+++ b/reuters/training/9231
@@ -0,0 +1,16 @@
+OLSON INDUSTRIES INC <OLSN> 4TH QTR NET
+  Oper shr 28 cts vs 1.16 dlrs
+      Oper net 194,000 vs 1,255,000
+      Sales 27.5 mln vs 30.5 mln
+      Year
+      Oper shr 2.68 dlrs vs 63 cts
+      Oper net 1,880,000 vs 684,000
+      Sales 100.5 mln vs 115.6 mln
+      Avg shrs 700,086 vs 1,079,165
+      NOTE: 1986 net excludes tax credits of 1,042,000 dlrs in
+  quarter and 1,603,000 dlrs in year.
+      Net excludes discontinued operations gain 330,000 dlrs vs
+  loss 385,000 dlrs in quarter and gain 485,000 dlrs vs loss
+  2,692,000 dlrs in year.
+  
+
diff --git a/reuters/training/9232 b/reuters/training/9232
new file mode 100644
index 0000000000000000000000000000000000000000..2f889d6cf299a47b0ce7218ac3f63326a6b598cf
--- /dev/null
+++ b/reuters/training/9232
@@ -0,0 +1,12 @@
+OLSON <OLSN> TO HAVE LOSS FROM EGG UNIT SALE
+  Olson Industries Inc said
+  it is in final negotiations on the sale of its remaining egg
+  operations and expects the sale to generate a charge of about
+  two mln dlrs against 1987 net income.
+      The company said, however, that the sale will generate
+  substantial cash flow to pay off bank debt and improve working
+  capital, eliminate unmanageable effects on profits of the price
+  instability of the egg business and allow it to concentrate on
+  its plastics packaging business.
+  
+
diff --git a/reuters/training/9234 b/reuters/training/9234
new file mode 100644
index 0000000000000000000000000000000000000000..f54da6c9fc7dfcc64212fec15b17d3f688c2ad1e
--- /dev/null
+++ b/reuters/training/9234
@@ -0,0 +1,10 @@
+E.D. And F. MAN TO BUY INTO HONG KONG FIRM
+  The U.K. Based commodity house E.D.
+  And F. Man Ltd and Singapore's Yeo Hiap Seng Ltd jointly
+  announced that Man will buy a substantial stake in Yeo's 71.1
+  pct held unit, Yeo Hiap Seng Enterprises Ltd.
+      Man will develop the locally listed soft drinks
+  manufacturer into a securities and commodities brokerage arm
+  and will rename the firm Man Pacific (Holdings) Ltd.
+  
+
diff --git a/reuters/training/9235 b/reuters/training/9235
new file mode 100644
index 0000000000000000000000000000000000000000..3827a18d657a7defeff617a1357b789e26a3bb4a
--- /dev/null
+++ b/reuters/training/9235
@@ -0,0 +1,15 @@
+ORACLE CORP <ORCL> 3RD QTR FEB 28 NET
+  Shr 16 cts vs eight cts
+      Net 4,834,000 vs 2,052,000
+      Revs 34.9 mln vs 16.0 mln
+      Avg shrs 31.1 mln vs 26.8 mln
+      Nine mths
+      Shr 26 cts vs 13 cts
+      Net 8,006,000 vs 3,310,000
+      Revs 80.9 mln vs 34.5 mln
+      Avg shrs 30.8 mln vs 26.3 mln
+      NOTE: Share adjusted for two for one stock split.
+      Current year net includes capitalized software costs of
+  1,295,000 dlrs in quarter and 3,701,000 dlrs in nine mths.
+  
+
diff --git a/reuters/training/9237 b/reuters/training/9237
new file mode 100644
index 0000000000000000000000000000000000000000..8dc6c460ee782ec9db895034d5271bd2c4511a4a
--- /dev/null
+++ b/reuters/training/9237
@@ -0,0 +1,13 @@
+ENTERRA CORP <EN> 4TH QTR LOSS
+  Shr loss 4.14 dlrs vs loss 19 cts
+      Net loss 37.1 mln vs loss 1,712,000
+      Revs 27.3 mln vs 33.4 mln
+      Year
+      Shr loss 5.51 dlrs vs loss 73 cts
+      Net loss 49.3 mln vs loss 6,544,000
+      Revs 109.0 mln vs 141.9 mln
+      NOTE: 1986 net both periods includes 34.8 mln dlr
+  weritedown of assets of services segment and Southeast Asian
+  joint venture.
+  
+
diff --git a/reuters/training/9238 b/reuters/training/9238
new file mode 100644
index 0000000000000000000000000000000000000000..89ccdd757ce6879c12f529295152d7e2ef6fc5a7
--- /dev/null
+++ b/reuters/training/9238
@@ -0,0 +1,11 @@
+JOHNSTOWN/CONSOLIDATED REALTY TRUST <JCT> NET
+  4th qtr
+      Shr 15 cts vs eight cts
+      Net 1,800,000 vs one mln
+      Year
+      Shr 51 cts vs 1.10 dlrs
+      Net 6,200,000 vs 13.2 mln
+      NOTE: Net includes loan loss provisions of 14 cts shr vs 18
+  cts in quarter and 24 cts shr vs 36 cts in year.
+  
+
diff --git a/reuters/training/9239 b/reuters/training/9239
new file mode 100644
index 0000000000000000000000000000000000000000..7578a5d5dcaf443d366126735dd76c4426990853
--- /dev/null
+++ b/reuters/training/9239
@@ -0,0 +1,6 @@
+DURIRON <DURI> COMPLETES VALTEK <VALT> PURCHASE
+  Duriron Co Inc said it has
+  completed the acquisition of Valtek Inc for 11.75 dlrs per
+  share following Valtek shareholder approval yesterday.
+  
+
diff --git a/reuters/training/924 b/reuters/training/924
new file mode 100644
index 0000000000000000000000000000000000000000..79f7cfb0aac4e175b890dc99782f75c50a3bd6af
--- /dev/null
+++ b/reuters/training/924
@@ -0,0 +1,12 @@
+SWISS CAPITAL EXPORTS RISE IN JANUARY
+  Swiss capital exports rose to 4.64
+  billion francs in January after 2.54 billion in December and a
+  year earlier 3.64 billion, the Swiss National Bank said.
+      New bond issues accounted for 4.12 billion of the total
+  after December's 2.15 billion, and credits 525.1 mln after
+  389.9 mln.
+      In January 1985, before the National Bank ended the
+  distinction between notes and bonds, bond issues totalled 1.66
+  billion francs, notes 1.39 billion and credits 597.5 mln.
+  
+
diff --git a/reuters/training/9240 b/reuters/training/9240
new file mode 100644
index 0000000000000000000000000000000000000000..c529742fbdc5a52ee8cbfab2de19d38f721a3ca8
--- /dev/null
+++ b/reuters/training/9240
@@ -0,0 +1,9 @@
+WASHINGTON FEDERAL SAVINGS <WFSL> QUARTERLY DIV
+  Qtly div 17 cts vs 17 cts
+      Pay April 24
+      Record April 7
+      Note: year ago adjusted to reflect March 19 three-for-two
+  stock split.
+      (Washington Federal Savings and Loans Association)
+  
+
diff --git a/reuters/training/9242 b/reuters/training/9242
new file mode 100644
index 0000000000000000000000000000000000000000..bc342fe92e571cc7185155d0ae0a14faf5ac011b
--- /dev/null
+++ b/reuters/training/9242
@@ -0,0 +1,16 @@
+ROWLEY-SCHER <RSCH> TO HAVE LOSS FOR YEAR
+  Rowley-Scher Reprographics Inc
+  said it expects to report an operating loss and a loss from the
+  sale of its Mid South Repro subsidiary for the year ending
+  MArch 31.
+      Last year, the company reported earnings of 977,000 dlrs.
+      Rowley-Scher did not disclose details of the sale of Mid
+  South Repro.
+      It said the sale has eliminated an unprofitable operation.
+      The company also said it will open two new reprographic
+  centers in the Washington/Baltimore area within the next three
+  weeks, brining the total there to 11, and a new downtown Boston
+  location in the same time period, brining the number in the
+  Boston area to four.
+  
+
diff --git a/reuters/training/9243 b/reuters/training/9243
new file mode 100644
index 0000000000000000000000000000000000000000..3fe0f51a7b12a19e78ba6765b1a03565d6ac2bb0
--- /dev/null
+++ b/reuters/training/9243
@@ -0,0 +1,5 @@
+DIXONS SAID IT GOT AND ACCEPTED ONLY 20 PCT OF CYCLOPS SHARES IN TENDER
+
+  DIXONS SAID IT GOT AND ACCEPTED ONLY 20 PCT OF CYCLOPS SHARES IN TENDER
+  
+
diff --git a/reuters/training/9246 b/reuters/training/9246
new file mode 100644
index 0000000000000000000000000000000000000000..d05a0b720c102672a540a9d68c8a894a065c938f
--- /dev/null
+++ b/reuters/training/9246
@@ -0,0 +1,21 @@
+DIXONS GETS ONLY 20 PCT OF CYCLOPS <CYL> IN BID
+  <Dixons Group PLC> said only about
+  852,000 shares of Cyclops Corp common stock, or 20 pct on a
+  fully diluted basis, were tendered and not withdrawn under its
+  bid for all shares that expired yesterday, but the companmy has
+  still decided to accept all shares validly tendered.
+      The company said it now has about 22 pct ownership of
+  Cyclops on a fully diluted basis and expects to proceeds toward
+  completion of its proposed acquisition of Cyclops.
+      Last week, before extending its Cyclops offer for one week
+  at the request of the Securities and Exchange Commission,
+  Dixons had reported that 54 pct of Cyclops' stock had been
+  tendered in response to its 90.25 dlrs per share offer which
+  expired at 2400 EST yesterday.
+      Yesterday, CAYACQ Corp dropped certain conditions of its
+  92.50 dlrs a share offer for Cyclops and firmed up the
+  financing for the proposed transaction. CAYACQ, an investor
+  group led by Audio/Video Affiliates Inc and Citicorp, raised
+  the value of its offer from 80 dlrs per Cyclops share on Friday.
+  
+
diff --git a/reuters/training/925 b/reuters/training/925
new file mode 100644
index 0000000000000000000000000000000000000000..db9e7d7979dec265b5d8a5de66e86b2baf9cfc0f
--- /dev/null
+++ b/reuters/training/925
@@ -0,0 +1,86 @@
+CHINA CALLS FOR BETTER TRADE DEAL WITH U.S.
+  China called on the United States to
+  remove curbs on its exports, to give it favourable trading
+  status and ease restrictions on exports of high technology.
+      But the U.S. Embassy replied that Chinese figures showing
+  13 years of trade deficits with the U.S. Out of the last 15 are
+  inaccurate and said Peking itself would have to persuade
+  Congress to change laws which limit its exports.
+       The official International Business newspaper today
+  published China's demands in a  editorial to coincide with the
+  visit of U.S. Secretary of State George Shultz.
+       "It is extremely important that the U.S. Market reduce its
+  restrictions on Chinese imports, provide the needed facilities
+  for them and businessmen from both sides help to expand Chinese
+  exports," the editorial said.
+       "The U.S. Should quickly discard its prejudice against
+  favourable tariff treatment for Chinese goods and admit China
+  into the Generalised System of Preference (GSP).
+       "Despite easing of curbs on U.S. Technology exports in
+  recent years, control of them is still extremely strict and
+  influences normal trade between the two countries," it added
+       The paper also printed an article by China's commercial
+  counsellor in its Washington embassy, Chen Shibiao, who said
+  that "all kinds of difficulties and restrictions" were preventing
+  bilateral trade fulfilling its full potential.
+       He named them as U.S. Protectionist behaviour, curbs on
+  technology transfer and out-of-date trade legislation.
+       The paper also printed a table showing that, since
+  bilateral trade began in 1972, China has had a deficit every
+  year except 1972 and 1977. It shows the 1986 and 1985 deficits
+  at 2.09 billion and 1.722 billion dlrs.
+       A U.S. Embassy official said the U.S. Did not accept
+  Peking's trade figures at all, mainly because they exclude
+  goods shipped to Hong Kong and then trans-shipped to U.S. While
+  U.S. Figures are based on country of origin.
+       He said that, if China wants to obtain GSP status, it will
+  have to lobby Congress itself to persaude it to amend several
+  laws which currently prevent Peking getting such status.
+       The U.S. Trade Act of 1974 says that to qualify for GSP,
+  China must be a member of the General Agreement of Tariffs and
+  Trade (GATT), for which it applied in July 1986, and "not be
+  dominated or controlled by international Communism."
+       The official said China was well aware of the laws, some
+  of which date to the anti-Communist early 1950's, but that
+  there is not sufficient political will in the U.S. To change
+  them.
+       China has been the subject of about a dozen cases
+  involving anti-dumping in the U.S. Within the last two years,
+  which the U.S. Side won, he said.
+       But, for the first time, China signed last week an
+  agreement which it itself initiated to voluntarily restrain
+  exports of at least two categories of steel goods, which may
+  lead the U.S. Side to withdraw the anti-dumping case, he added.
+       Another diplomat said willingness to provide such
+  voluntary export restraints would be an important issue in
+  bilateral trade issues and in Peking's application to GATT.
+       "China has the potential to disrupt world markets,
+  especially in textiles. Other GATT countries will be nervous
+  about China in this respect. But there is a precedent for other
+  centralled planned economies in GATT," the diplomat said.
+       Poland, Czechoslovakia, Hungary and Romania are members of
+  GATT but none has China's massive market potential for imports
+  or its vast labour pool to produce cheap exports.
+       In a speech today in the northeast city of Dalian, U.S.
+  Secretary of State George Shultz said his country welcomed
+  China's interest in participating in GATT.
+       "The process of Chinese accession will not be accomplished
+  overnight -- the GATT rules were not designed for a large
+  economy of the Chinese type," Shultz said.
+       "China can play an important role by actively joining GATT
+  discussions seeking to expand general trading opportunities and
+  enhance market access for exports worldwide. China can further
+  develop its foreign trade system so as to gain the maximum
+  benefit from its GATT participation," he said.
+       The problems facing U.S.-China trade and GATT membership
+  are similar -- a pricing system which many foreign businessmen
+  regard as arbitrary and not related to actual costs, especially
+  for exports, and a de facto dual currency system.
+       In a memorandum backing its application presented to GATT
+  last month, China said it was gradually reforming its economic
+  system and replacing mandatory instruction with "guidance
+  planning" and economic levers.
+       The diplomat said that, to join GATT, China had much to
+  do.
+  
+
diff --git a/reuters/training/9250 b/reuters/training/9250
new file mode 100644
index 0000000000000000000000000000000000000000..d3ef01f0b8f22d3ef8fa00947fa744164b2c8b16
--- /dev/null
+++ b/reuters/training/9250
@@ -0,0 +1,7 @@
+KAUFMAN AND BROAD HOME CORP <KBH> 1ST QTR FEB 28
+  Shr 17 cts vs seven cts
+      Net 4,678,000 vs 1,856,000
+      Revs 110.5 mln vs 61.7 mln
+      Avg shrs 27.0 mln vs 25.0 mln
+  
+
diff --git a/reuters/training/9252 b/reuters/training/9252
new file mode 100644
index 0000000000000000000000000000000000000000..ec28c1eb9c2bd0d020f8d4937e378a0b90fc87cc
--- /dev/null
+++ b/reuters/training/9252
@@ -0,0 +1,10 @@
+RENOUF HAS 93.4 PCT OF BENEQUITY <BH> UNITS
+  <Renouf Corp International> said it
+  now owns 93.4 pct of Benequity Holdings a California Limited
+  Partnership.
+      Renouf  said it has accepted for payment all 3,914,968
+  units of Benequity Holdings tendered in response to its 31 dlrs
+  per unit offer. Along with the 1,449,550 units already held by
+  Renouf, it now owns 93.4 pct of the 5,745,706 units outstanding.
+  
+
diff --git a/reuters/training/9253 b/reuters/training/9253
new file mode 100644
index 0000000000000000000000000000000000000000..292b9aa479281f066d6869bab1b9a40ebd576756
--- /dev/null
+++ b/reuters/training/9253
@@ -0,0 +1,35 @@
+OIL ANALYST SEES PAPUA NEW GUINEA AS GOOD PROSPECT
+  Papua New Guinea
+  (PNG) provides the most exciting new prospect in the
+  Asia-Pacific region for oil production, energy analyst Fereidun
+  Fesharaki said here.
+      The recent successful find at Iagifu is likely to put PNG
+  on the list of major oil exporters by the early 1990s, he told
+  the Australian Petroleum Exploration Association annual
+  conference.
+      Fesharaki, leader of the Energy Program at the East-West
+  Center in Honolulu, Hawaii, was speaking on the Asia-Pacific
+  petroleum outlook.
+      With domestic demand of around 12,000 barrels per day (bpd)
+  and prospects of production of over 100,000 bpd by late 1991,
+  PNG would become an Ecuador-level crude exporter, Fesharaki
+  said.
+      The Iagifu wells in the Papuan Basin have recorded the best
+  oil flows in more than 60 years of exploration in PNG.
+      The PNG government's Geological Survey in a paper
+  distributed at the conference estimates Iagifu reserves at
+  about 500 mln barrels.
+      PNG enjoys the most liberal tax regime in the region with
+  no secondary taxes, Fesharaki said.
+      "We expect a much larger oil search in Papua New Guinea, and
+  discovery of much larger volumes of oil, similar in quality to
+  (light) Bass Strait crude," Fesharaki said.
+      There are also large pockets of high quality condensates to
+  be produced, notably in the Juha field near Iagifu which is
+  capable of producing 30,000 to 40,000 bpd, he said.
+      But prices should be somewhat higher than the present
+  levels to justify development of the Juha field, he said.
+      The PNG Geological Survey paper noted there are five large
+  prospective but little-explored sedimentary basins in PNG.
+  
+
diff --git a/reuters/training/9255 b/reuters/training/9255
new file mode 100644
index 0000000000000000000000000000000000000000..64ff61f78abadabce49566629db7c83e5d791bc6
--- /dev/null
+++ b/reuters/training/9255
@@ -0,0 +1,6 @@
+USAIR GROUP INC <U> SETS QUARTERLY
+  Qtly div three cts vs three cts prior
+      Pay April 30
+      Record April 16
+  
+
diff --git a/reuters/training/9258 b/reuters/training/9258
new file mode 100644
index 0000000000000000000000000000000000000000..43fdc725bb6b20840308446b3d67e9b1472096b6
--- /dev/null
+++ b/reuters/training/9258
@@ -0,0 +1,13 @@
+MCFARLAND <MCFE> TO BUY PETROMINERALS <PTRO>
+  McFarland Energy Inc
+  said its board and that of Petrominerals Corp have approved a
+  definitive agreement for McFarland to acquire Petrominerals in
+  an exchange of stock.
+      McFarland said it would exchange one common share for each
+  5.4 Petrominerals shares.  McFarland said former holders of
+  Petrominerals will have a 25 pct interest in the combined
+  company.
+      The merger is still subject to approval by shareholders of
+  both companies.
+  
+
diff --git a/reuters/training/9259 b/reuters/training/9259
new file mode 100644
index 0000000000000000000000000000000000000000..16302679288b17168c8b37e9f60e598fed0bdb37
--- /dev/null
+++ b/reuters/training/9259
@@ -0,0 +1,13 @@
+TIMMINCO ACQUIRES UNIVERSAL ADHESIVES
+  <Timminco Ltd> said it acquired
+  Universal Adhesives Inc, of Memphis, for undisclosed terms, in
+  a move to expand Timminco's operations into the United States.
+      The company said Universal Adhesives, with five U.S.
+  plants, has annual sales of 12 mln U.S. dlrs, which will double
+  Timminco's presence in the North American adhesives market.
+      Timminco said Universal Adhesives will complement the
+  company's Canadian-based industrial adhesives division and is a
+  key step in its long-term goal for expansion in the specialty
+  chemical field.
+  
+
diff --git a/reuters/training/926 b/reuters/training/926
new file mode 100644
index 0000000000000000000000000000000000000000..90f9953d994dc4d92e547ac90e45c3e5d1bfb3fe
--- /dev/null
+++ b/reuters/training/926
@@ -0,0 +1,35 @@
+NO BUNDESBANK POLICY CHANGES EXPECTED THURSDAY
+  The Bundesbank is unlikely to change
+  its credit policies at its central bank council meeting on
+  Thursday, as exchange rates and short-term interest rates have
+  stabilized over the past few weeks, money market dealers said.
+      Attention in the money market is focused on tomorrow's
+  tender for a securities repurchase pact, from which funds will
+  be credited on Thursday, when an earlier pact expires, draining
+  16 billion marks from the system.
+      The tender was announced last Friday, because carnival
+  festivities closed banks in Duesseldorf yesterday, and will
+  close banks here this afternoon.
+      Because of the disruption to business from carnival,
+  minimum reserve figures for the start of the month are
+  unrealistic, making it difficult for banks to assess their
+  needs at the tender.
+      Dealers said the Bundesbank would want to inject enough
+  liquidity in this week's pact to keep short-term rates down.
+      But because of uncertainty about banks' current holdings,
+  the Bundesbank may well allocate less than 16 billion marks
+  this week, and top it up if necessary at next week's tender.
+      "I would not be surprised if the Bundesbank cuts the amount
+  a little, to say 14 or 15 billion marks," one dealer said.
+      "They would then stock it up at the next tender when the
+  need is clearer," he added.
+      An earlier pact expires next week, draining 8.5 billion
+  marks from the system. Banks also face a heavy but temporary
+  drain this month from a major tax deadline for customers.
+      Banks held 52.0 billion marks on February 27 at the
+  Bundesbank, averaging 51.0 billion over the whole month, just
+  clear of the 50.5 billion February reserve requirement.
+      Call money traded today at 3.85/95 pct, up from 3.80/90
+  yesterday.
+  
+
diff --git a/reuters/training/9260 b/reuters/training/9260
new file mode 100644
index 0000000000000000000000000000000000000000..efa41b6e5990f4ae719766add9d3836cd9a2cb39
--- /dev/null
+++ b/reuters/training/9260
@@ -0,0 +1,6 @@
+<PALOMA PETROLEUM LTD> YEAR NET
+  Shr 32 cts vs 29 cts
+      Net 3,320,206 vs 2,990,695
+      Revs 13.5 mln vs 14.9 mln
+  
+
diff --git a/reuters/training/9261 b/reuters/training/9261
new file mode 100644
index 0000000000000000000000000000000000000000..12bdc3b9f0bec13385b3bb3b177c608454e75b4a
--- /dev/null
+++ b/reuters/training/9261
@@ -0,0 +1,7 @@
+U.K. MONEY MARKET SURPLUS REVISED TO 250 MLN STG
+  The Bank of England said it revised up
+  its forecast of today's surplus in the money markets to 250 mln
+  stg from its earlier estimate of a 150 mln.
+      The central bank has not operated in the market today.
+  
+
diff --git a/reuters/training/9263 b/reuters/training/9263
new file mode 100644
index 0000000000000000000000000000000000000000..2a5454737334e5355e5ee29a005a86feef014741
--- /dev/null
+++ b/reuters/training/9263
@@ -0,0 +1,9 @@
+<AMERICAN RESOURCE CORP LTD> YEAR NET
+  Shr five cts vs 51 cts
+      Net 2,300,000 vs 22,500,000
+      Revs not given
+      Note: Prior shr and net include 20.3 mln U.S. dlr gain on
+  sale of equity holdings
+      Results in U.S. funds
+  
+
diff --git a/reuters/training/9264 b/reuters/training/9264
new file mode 100644
index 0000000000000000000000000000000000000000..67a80d9358429940972ed3e64353fbde50e7b7ae
--- /dev/null
+++ b/reuters/training/9264
@@ -0,0 +1,5 @@
+WASTE MANAGEMENT ENDS TENDER OFFER FOR CHEMLAWN
+
+  WASTE MANAGEMENT ENDS TENDER OFFER FOR CHEMLAWN
+  
+
diff --git a/reuters/training/9265 b/reuters/training/9265
new file mode 100644
index 0000000000000000000000000000000000000000..9b7d8ba32fc5d6766144ab735878de665b7a7052
--- /dev/null
+++ b/reuters/training/9265
@@ -0,0 +1,8 @@
+WEST GERMAN JAN COFFEE IMPORTS DOWN ON YEAR-AGO
+  West German gross green coffee imports
+  in January fell sharply to 38,616 tonnes from 54,576 in January
+  last year, figures from the Federal Statistics Office show.
+      Imports of decaffeinated unroasted coffee were 396 tonnes
+  against nil a year earlier.
+  
+
diff --git a/reuters/training/9266 b/reuters/training/9266
new file mode 100644
index 0000000000000000000000000000000000000000..0b347ce233bf20a43759169bb90f0bc0f8ec2ef5
--- /dev/null
+++ b/reuters/training/9266
@@ -0,0 +1,7 @@
+ONE VALLEY BANCORP <OVWV> RAISES QUARTERLY
+  Qtly div 26 cts vs 25 cts prior
+      Pay April 15
+      Record March 31
+      NOTE: One Valley Bancorp of West Virginia Inc.
+  
+
diff --git a/reuters/training/9267 b/reuters/training/9267
new file mode 100644
index 0000000000000000000000000000000000000000..c434e0430e114e6dbb10d4f717fd9236e65e4c56
--- /dev/null
+++ b/reuters/training/9267
@@ -0,0 +1,12 @@
+NATIONAL DATA CORP <NDTA> 3RD QTR FEB 28 NET
+  Shr 31 cts vs 26 cts
+      Net 3,516,000 vs 2,972,000
+      Revs 40.0 mln vs 36.3 mln
+      Avg shrs 11.4 mln vs 11.2 mln
+      Nine mths
+      Shr 89 cts vs 73 cts
+      Net 10.0 mln vs 8,146,000
+      Revs 116.8 mln vs 105.0 mln
+      Avg shrs 11.3 mln vs 11.1 mln
+  
+
diff --git a/reuters/training/9268 b/reuters/training/9268
new file mode 100644
index 0000000000000000000000000000000000000000..6a411aa8134a2d68774b42bc798fe2d1f33b558e
--- /dev/null
+++ b/reuters/training/9268
@@ -0,0 +1,8 @@
+NVHOMES <NVH> SETS TWO-FOR-ONE SPLIT
+  NVHomes LP said its board declared
+  a two-for-one split of Class A units, payable to shareholders
+  of record on April 20.
+      It said certificates will be distributed about two weeks
+  after the record date.
+  
+
diff --git a/reuters/training/9270 b/reuters/training/9270
new file mode 100644
index 0000000000000000000000000000000000000000..9513d307d6e587b024566fab5ff1da3ce0a16f84
--- /dev/null
+++ b/reuters/training/9270
@@ -0,0 +1,10 @@
+VANGUARD TECHNOLOGIES INTERNATIONAL INC <VTI>
+  Shr 19 cts vs 10 cts
+      Net 653,464 vs 287,606
+      Revs 10.6 mln vs 7,600,000
+      Year
+      Shr 68 cts vs 46 cts
+      Net 2,309,181 vs 1,408,813
+      Revs 38.4 mln vs 26.0 mln
+  
+
diff --git a/reuters/training/9271 b/reuters/training/9271
new file mode 100644
index 0000000000000000000000000000000000000000..049694c1a35e71279459887aa21a8f7f260523d8
--- /dev/null
+++ b/reuters/training/9271
@@ -0,0 +1,6 @@
+THOMSON MCKINNON U.S. GOVERNMENT FUND DIVIDEND
+  Mthly div 7.3 cts vs 7.5 cts in prior month
+      Payable April six
+      Record Marcxh 30
+  
+
diff --git a/reuters/training/9272 b/reuters/training/9272
new file mode 100644
index 0000000000000000000000000000000000000000..666dd0ccedde7b298acb1d5a723793f72dafdddc
--- /dev/null
+++ b/reuters/training/9272
@@ -0,0 +1,6 @@
+THOMSON MCKINNON INCOME FUND DIVIDEND
+  Mthly div 8.5 cts vs 9.2 cts in prior month
+      Payable April six
+      Record Marcxh 30
+  
+
diff --git a/reuters/training/9273 b/reuters/training/9273
new file mode 100644
index 0000000000000000000000000000000000000000..53cb4850b3c2cd500de9139c241c0f1c6291cb0a
--- /dev/null
+++ b/reuters/training/9273
@@ -0,0 +1,14 @@
+(OAKRIDGE HOLDINGS INC) 2ND QTR DEC 31 NET
+  Shr 48 cts vs four cts
+      Net 882,000 vs 82,000
+      Sales 968,000 vs 784,000
+      Six mths
+      Shr 53 cts vs 11 cts
+      Net 970,000 vs 202,000
+      Sales 2,001,000 vs 1,521,000
+      NOTE: 1986 net includes a gain of 26 cts a share from the
+  sale of a funeral home, and tax credits of 20 cts. 1985 net
+  includes tax credits of one cent in the quarter and 3.7 cts in
+  the six months period.
+  
+
diff --git a/reuters/training/9274 b/reuters/training/9274
new file mode 100644
index 0000000000000000000000000000000000000000..e3ed94776a2cfec15e4e5e812a92f58c00c2c05f
--- /dev/null
+++ b/reuters/training/9274
@@ -0,0 +1,12 @@
+GENERAL COMPUTER CORP <GCCC> 3RD QTR FEB 28 NET
+  Shr 10 cts vs 20 cts
+      Net 146,000 vs 230,000
+      Revs 3,766,000 vs 3,271,000
+      Avg shrs 1,458,000 vs 1,125,000
+      Nine mths
+      Shr 15 cts vs 58 cts
+      Net 212,000 vs 653,000
+      Revs 10.6 mln vs 9,561,000
+      Avg shrs 1,458,000 vs 1,125,000
+  
+
diff --git a/reuters/training/9277 b/reuters/training/9277
new file mode 100644
index 0000000000000000000000000000000000000000..99eda95f7dca925fe972eee64a6f7d556c81dcd1
--- /dev/null
+++ b/reuters/training/9277
@@ -0,0 +1,22 @@
+BRIERLEY OFFER FOR PROGRESSIVE STILL VALID
+  <Brierley Investments Ltd>, (BIL),
+  said its offer of 4.20 N.Z. Dlrs per share for supermarket
+  group <Progressive Enterprises Ltd> still stands, although
+  <Rainbow Corp Ltd> said today it has 52 pct of Progressive.
+      BIL said in a statement it will review events on a daily
+  basis.
+      Rainbow announced earlier that it had increased its stake
+  in Progressive to 52 pct from 44 pct through the purchase of
+  9.4 mln shares at between 3.80 and 4.80 N.Z. Dlrs per share.
+      BIL chief executive Paul Collins said: "All Rainbow has done
+  is to outlay a substantial amount of cash to purchase shares
+  from parties who presumably were supportive of the merger."
+      Rainbow has proposed a merger with Progressive to form a
+  new company, <Astral Pacific Corp Ltd>. Under the merger,
+  shareholders in both Progressive and Rainbow will be issued
+  shares in the new company on a one-for-one basis.
+      "Quite simply, Rainbow should now bid for the balance of
+  Progressive Enterprises at 4.80 N.Z. Dlrs per share," Collins
+  said.
+  
+
diff --git a/reuters/training/9278 b/reuters/training/9278
new file mode 100644
index 0000000000000000000000000000000000000000..5fec837082bf949978fa7f668cc1cd61ee327d4e
--- /dev/null
+++ b/reuters/training/9278
@@ -0,0 +1,8 @@
+AVATAR HOLDINGS INC <AVTR> YEAR NET
+  Oper shr 32 cts vs seven cts
+      Oper net 2,599,000 vs 550,000
+      Revs 94.4 mln vs 69.4 mln
+      NOTE: Net excludes tax credits of 1,405,000 dlrs vs
+  3,538,000 dlrs.
+  
+
diff --git a/reuters/training/9279 b/reuters/training/9279
new file mode 100644
index 0000000000000000000000000000000000000000..5e80a582b7f4efd108a334f50f531eec5fa2e488
--- /dev/null
+++ b/reuters/training/9279
@@ -0,0 +1,54 @@
+NORWAY OFFERS 11TH LICENCE ROUND OFFSHORE BLOCKS
+  Norway has offered 10 new offshore blocks
+  to foreign and domestic applicants in the first phase of the
+  country's eleventh concession round, government officials said.
+      Company shares in each of the licences proposed by the Oil
+  and Energy Ministry are not final. The ministry has given the
+  companies 10 days to accept or decline the proposed shares.
+      French companies Ste Nationale Elf Aquitaine <ELFP.PA> and
+  Total Cie Francaise des Petroles <TPN.PA>, which were expected
+  to receive operatorships following France's agreement last
+  autumn to purchase gas from Norway's Troll field, were not
+  offered operatorships in this round, industry sources said.
+      Three eleventh round blocks were awarded in the
+  Haltenbanken exploration tract off central Norway, including
+  the Smoerbukk West field where Den Norske Stats Oljeselskap A/S
+  <STAT.OL> (Statoil) was appointed operator.
+      Statoil will share the licence with subsidiaries of U.S.
+  Oil companies Tenneco Inc <TGT.N> and Texas Eastern Corp
+  <TET.N> and the Italian oil company <Agip SpA>'s Norwegian
+  subsidiary.
+      E.I. Du Pont de Nemours <DD.N> subsidiary Conoco Norway Inc
+  was named operator on Haltenbanken block 6406/8 and will share
+  the licence with Statoil.
+      Norsk Hydro A/S <NHY.OL> will operate nearby block 6407/10
+  with partners Statoil, Norsk Agip A/S, Royal Dutch/Shell
+  Group's <RD.AS> A/S Norske Shell and <Deminex> unit Deminex
+  (Norge) A/S.
+      Statoil has been offered the operatorship on a new block in
+  the relatively unexplored Moere South exploration area south of
+  Haltenbanken, with A/S Norske Shell, Texas Eastern and
+  <Petroleo Brasileiro SA> (Petrobras) also offered stakes in the
+  block.
+      Norwegian companies landed operatorships on all six blocks
+  opened in the Barents Sea area off northern Norway. The blocks
+  were awarded in three licenses, each covering two blocks.
+      Statoil will head exploration on blocks 7224/7 and 7224/8,
+  sharing the licence with Exxon Corp's <XON.N> Norwegian
+  subsidiary Esso Norge A/S, The British Petroleum Co PLC's
+  <BP.L> BP Petroleum Development (Norway) Ltd, Shell, Norsk
+  Hydro and Saga Petroleum A/S <SAGP.OL>.
+      Blocks 7219/9 and 7220/7 were awarded to Norsk Hydro, the
+  operator, Statoil, Mobil Corp's <MOB.N> Mobil Exploration
+  Norway, Petrofina SA's <PETB.BR> Norske Fina A/S and BP.
+      The third Barents Sea licence, covering blocks 7124/3 and
+  7125/1, went to Saga Petroleum A/S, the operator, Statoil,
+  Atlantic Richfield Co's <ARC.N> Arco Norge A/S, Total Marine
+  Norge A/S and Amerada Hess Corp <AHC.N>.
+      The oil ministry withheld awards on four strategic blocks
+  included in the eleventh round's second phase.
+      The ministry is accepting applications for phase two blocks
+  until early April and the awards will likely be announced this
+  summer, officials said.
+  
+
diff --git a/reuters/training/9280 b/reuters/training/9280
new file mode 100644
index 0000000000000000000000000000000000000000..eecf387c148e1e1d01051278e95a20377cb90f80
--- /dev/null
+++ b/reuters/training/9280
@@ -0,0 +1,14 @@
+PERCEPTION TECHNOLOGY <PCEP> TO TAKE CHARGE
+  Perception Technology Corp said
+  it expects to take a charge of about 686,000 dlrs or 19 cts per
+  share against earnings for the second quarter ended March 31
+  due to the bankruptcy proceeding of customer T.C. of New York
+  Inc.
+      Perception said it has outstanding lease receivables from
+  T.C. of about 2,480,000 dlrs.
+      It said the exact amnount of the charge will depend on the
+  extent of recovery of the leased equipment involved and on
+  arrangements that might be made with the bankruptcy court on
+  the equipment.
+  
+
diff --git a/reuters/training/9282 b/reuters/training/9282
new file mode 100644
index 0000000000000000000000000000000000000000..6a5ca7fca3f58d6551c581320bba9b462b5b555e
--- /dev/null
+++ b/reuters/training/9282
@@ -0,0 +1,5 @@
+ Bundesbank buys dollars for yen - Frankfurt dealers
+
+   Bundesbank buys dollars for yen - Frankfurt dealers
+  
+
diff --git a/reuters/training/9283 b/reuters/training/9283
new file mode 100644
index 0000000000000000000000000000000000000000..cd20c0c20b424354c10fab2c47bfc2a26ba5bc3a
--- /dev/null
+++ b/reuters/training/9283
@@ -0,0 +1,26 @@
+REUTERS TO BUY I P SHARP OF CANADA
+  Reuters Holdings Plc <RTRS.L> said it
+  had agreed in principle to buy <I P Sharp Associates Ltd> of
+  Toronto for 30.4 mln stg.
+      Sharp is a time-sharing network and database company
+  specialising in finance, economics, energy and aviation. It
+  operates a global packet-switching network and global limits
+  systems for foreign exchange trading.
+      Sharp shareholders will be offered cash, shares or a
+  mixture of the two in settlement. The acquisition, which is
+  subject to Canadian government approval, would be through
+  amalgamation into a specially-created company.
+      Reuters said it had been given options by a number of Sharp
+  shareholders covering 67 pct of the common stock pending
+  completion of a Reuters review of the company.
+      Sharp operates 38 offices in 20 countries. In 1986 it
+  reported revenue of 55 mln Canadian dlrs with a pretax loss of
+  1.6 mln compared with a 1.9 mln profit in 1985.
+      However, Sharp said that internal accounts showed the
+  company was in profit in the first two months of 1987.
+      End-1986 net assets totalled 11.85 mln dlrs.
+      A Reuters statement said the acquisition would fit
+  perfectly into its package for the banking and securities
+  industries.
+  
+
diff --git a/reuters/training/9284 b/reuters/training/9284
new file mode 100644
index 0000000000000000000000000000000000000000..6fdd5e38a82c9fcd8096e532c4e62487d63a06fe
--- /dev/null
+++ b/reuters/training/9284
@@ -0,0 +1,6 @@
+HORIZON BANK <HRZB> SETS STOCK SPLIT
+  Horizon Bank said its board
+  declared a three-for-two stock split, payable April 21 to
+  holders of record April Seven.
+  
+
diff --git a/reuters/training/9285 b/reuters/training/9285
new file mode 100644
index 0000000000000000000000000000000000000000..6434c38bc36f9598cc31514f91bcd58200b13e99
--- /dev/null
+++ b/reuters/training/9285
@@ -0,0 +1,11 @@
+WASTE <WMX> ENDS OFFER FOR CHEMLAWN <CHEM>
+  Waste Management Inc said its
+  wholly owned subsidiary, WMX Acquisition Corp, ended its tender
+  offer to buy shares of ChemLawn Corp at 35 dlrs a share.
+      All shares tendered to Waste Management will be returned to
+  shareholders as soon as practical, it said.
+      Earlier this week, ChemLawn agreed to accept a merger
+  proposal at 36.50 dlrs a share from Ecolab Inc in a transaction
+  valued at about 370 mln dlrs.
+  
+
diff --git a/reuters/training/9287 b/reuters/training/9287
new file mode 100644
index 0000000000000000000000000000000000000000..50467f756e055dc30bd940be6feff2cbd00d9aa9
--- /dev/null
+++ b/reuters/training/9287
@@ -0,0 +1,7 @@
+<ACKERLY COMMUNICATIONS INC> YEAR LOSS
+  Shr loss 1.44 dlrs vs loss 1.50 dlrs
+      Net loss 10.1 mln vs loss 8,866,000
+      Revs 122.3 mln vs 112.5 mln
+      Avg shrs 7,671,855 vs 6,520,928
+  
+
diff --git a/reuters/training/9288 b/reuters/training/9288
new file mode 100644
index 0000000000000000000000000000000000000000..4185f80625c4c34fc0aac74920e99442d2b5c83d
--- /dev/null
+++ b/reuters/training/9288
@@ -0,0 +1,7 @@
+UNITED MEDICAL <UM> TO SELL UNIT
+  United Medical Corp said it
+  has reached a definitive agreement to sell its hospital
+  distribution unit to <Myriad Group Inc> for undisclosed terms,
+  with closing expected in the next several weeks.
+  
+
diff --git a/reuters/training/929 b/reuters/training/929
new file mode 100644
index 0000000000000000000000000000000000000000..bc5443fbc4637ce4ef0f50b55eb1ffd16fd9252b
--- /dev/null
+++ b/reuters/training/929
@@ -0,0 +1,12 @@
+ITALY CONSUMER PRICES RISE 0.4 PCT IN FEBRUARY
+  Italy's consumer price index rose 0.4 pct
+  in February compared with January after rising 0.6 pct in
+  January over December, the national statistics institute
+  (Istat) said.
+      The year-on-year rise in February was 4.2 pct down from 4.5
+  pct in January and compared with 7.6 pct in February 1986.
+      Istat said its consumer prices index for the families of
+  workers and employees (base 1985) was 109.1 in February against
+  108.7 in January and 104.7 in February 1986.
+  
+
diff --git a/reuters/training/9290 b/reuters/training/9290
new file mode 100644
index 0000000000000000000000000000000000000000..6b2bd479ea6834d56fb5e1e31f3f7acf39c84c8f
--- /dev/null
+++ b/reuters/training/9290
@@ -0,0 +1,15 @@
+CCC ACCEPTS BONUS BID ON CATTLE FOR EGYPT - USDA
+  The Commodity Credit Corporation has
+  accepted a bid for an export bonus to cover the sale of 760
+  head of dairy cattle to Egypt, the U.S. Agriculture Department
+  said.
+      The delivery period for the cattle is April, 1987-June,
+  1988, it said.
+      The bonus of 1,870.00 dlrs per head was made to Esmah
+  Nevada Inc and will be paid in the form of commodities from the
+  CCC inventory.
+      An additional 7,199 head of dairy cattle are still
+  available to Egypt under the Export Enhancement Program
+  initiative announced September 12, 1986, the department said.
+  
+
diff --git a/reuters/training/9293 b/reuters/training/9293
new file mode 100644
index 0000000000000000000000000000000000000000..f6624928a59cf2bc38035b256510c63e2233d96e
--- /dev/null
+++ b/reuters/training/9293
@@ -0,0 +1,24 @@
+THATCHER DEFENDS UK OIL POLICY IN SAUDI INTERVIEW
+  British Prime Minister Margaret Thatcher
+  denied in an interview published in Saudi Arabia today that her
+  government's oil policy contributed to weakness in world oil
+  prices.
+      She said the government was determined not to intervene to
+  influence production decisions by oil companies operating in
+  the North Sea.
+      "We believe these must be a matter for the commercial
+  judgment of the oil companies," she told the Arabic language
+  daily al-Sharq al-Awsat in an interview coinciding with a visit
+  to London by King Fahd of Saudi Arabia.
+      Thatcher said this policy had not contributed to the fall
+  in oil prices as North Sea production was now about the same as
+  in 1984 when prices were close to 30 dlrs a barrel.
+      British production was on a plateau and was unlikely to
+  increase in the future, she said.
+      "We naturally share the concern of Saudi Arabia and other
+  OPEC members about the harmful effects of oil market volatility
+  for both producer and consumer countries," Thatcher said.
+      "On our part, we are careful to avoid any actions which
+  might add to such volatility."
+  
+
diff --git a/reuters/training/9294 b/reuters/training/9294
new file mode 100644
index 0000000000000000000000000000000000000000..e31de26a5a6cb3fcfbf5eeac25005556f642838f
--- /dev/null
+++ b/reuters/training/9294
@@ -0,0 +1,13 @@
+MARCH PRICES FELL IN GERMAN STATE ON YEAR-AGO
+  The cost of living in North
+  Rhine-Westphalia, Germany's most populous state, fell 0.1 pct
+  in the month to mid-March to stand 0.5 pct lower than at the
+  same time a year earlier, the regional statistics office said.
+      Prices had risen 0.3 pct in the month to mid-February but
+  had fallen 0.7 pct year-on-year.
+      The regional figures are considered a good guide to
+  national inflation trends. The Federal Statistics Office is due
+  to publish provisional national figures for March by the end of
+  this month.
+  
+
diff --git a/reuters/training/9295 b/reuters/training/9295
new file mode 100644
index 0000000000000000000000000000000000000000..e740638d98ade6a81b127f7bfcd7618ee89a25a7
--- /dev/null
+++ b/reuters/training/9295
@@ -0,0 +1,40 @@
+BUNDESBANK BUYS DOLLARS IN FRANKFURT - DEALERS
+  The Bundesbank bought large amounts
+  of dollars for yen in an apparent attempt to hold the dollar
+  above 149 yen, dealers said.
+      The dollar intervention was in concert with some other
+  central banks, they said.
+      Dealers said the Bank of Japan and Bank of England
+  supported the dollar against the yen earlier today and that
+  these two banks and the U.S. Federal Reserve were also active
+  yesterday.
+      The Bundesbank declined to comment on the dealers' remarks.
+      Dealers said the intervention underlined the determination
+  of central banks to keep currencies within recent ranges
+  following last month's agreement in Paris by six leading
+  countries to foster currency stability.
+      One dealer said he had been repeatedly in contact with the
+  Bundesbank during the morning to see if it wanted to buy
+  dollars after the Japanese and U.K. Central bank moves.
+      He said the Bundesbank told him it was observing the
+  situation to see if it should intervene in consultation with
+  other central banks.
+      Since the Paris agreement on February 22 the dollar had
+  until yesterday traded in a 1.8150-1.8700 mark range, and above
+  150 yen, with traders reluctant to push the dollar down to test
+  central banks' resolve to defend currency stability.
+      But the test came this week with the dollar falling below
+  1.81 marks and 150 yen. Dealers said a reviving trade dispute
+  between Washington and Tokyo and growing sentiment that the
+  dollar would have to fall further to narrow the obstinate U.S.
+  Trade deficit were behind the weakness.
+      This week's intervention showed central banks were prepared
+  to cooperate to defend the Paris pact, dealers said.
+      Dealers said it was significant the West German and British
+  central banks were supporting the dollar against the yen.
+      That showed the pact involved multilateral cooperation by
+  central banks to foster currency stability, they said.
+      But it was unclear how such cooperation was being arranged
+  and how frequent consultations between central banks were.
+  
+
diff --git a/reuters/training/9296 b/reuters/training/9296
new file mode 100644
index 0000000000000000000000000000000000000000..4d32da7af6d8a229dc08ee261c5ef0ac8c5d7b88
--- /dev/null
+++ b/reuters/training/9296
@@ -0,0 +1,25 @@
+CROSSLAND SAVINGS <CRLD>ACQUIRES WESTERN SAVINGS
+  CrossLand Savings FSB said it has
+  acquired Western Savings and Loand Co with the assistance of
+  the Federal Savings and Loan Insurance Corp.
+      CrossLand said Salt Lake City based Western has been
+  combined with its two Florida-based thrift subsidiaries. The
+  parent company contributed 50 mln dlrs in cash to the resulting
+  1.7 billion dlr asset subsidiary which will operate under the
+  name CrossLand Savings FSB with headquarters in Salt Lake City.
+      CrossLand said Western, with assets of 400 mln dlrs,
+  operated 13 branch offices in the states of California, Oregon,
+  Utah and Washington.
+      To facilitate the acquisition, CrossLand said, Western was
+  converted from a mutual to a stock association in a voluntary
+  supervisory conversion. Crossland and the FSLIC executived an
+  assistance agreement indemnifying CrossLand from certain losses
+  that could occur in connection with Western's loan portfolio.
+      The company said James J. Heagerty, chairman and chief
+  executive officer of CrossLand Savings FSLA in Bradenton, Fla.,
+  will serve in that capacity for the new subsidiary resulting
+  from the merger.
+      Western's president, Christopher J. Sumner, will be
+  president of the combined unit, CrossLand said.
+  
+
diff --git a/reuters/training/9299 b/reuters/training/9299
new file mode 100644
index 0000000000000000000000000000000000000000..5036d656daec2ec0fd591fa0d2350bbf204c0c80
--- /dev/null
+++ b/reuters/training/9299
@@ -0,0 +1,8 @@
+BANK OF ENGLAND DRAINS MONEY MARKET LIQUIDITY
+  The Bank of England said it drained
+  liquidity from the money market when it sold 167 mln stg of
+  treasury bills due March 27 at rates between 9-9/16 and 10 pct.
+      Earlier, the bank estimated a surplus of around 250 mln stg
+  in the system today.
+  
+
diff --git a/reuters/training/93 b/reuters/training/93
new file mode 100644
index 0000000000000000000000000000000000000000..674eeade683661b34353843ca0744300bac97dc6
--- /dev/null
+++ b/reuters/training/93
@@ -0,0 +1,9 @@
+<IVACO INC> YEAR NET
+  Shr 1.11 dlrs vs 1.04 dlrs
+      Net 44,092,000 vs 35,145,000
+      Revs 1.94 billion vs 1.34 billion
+      Note: 1986 results include extraordinary gain of 1,035,000
+  dlrs or six cts a share from secondary share offering of Canron
+  unit.
+  
+
diff --git a/reuters/training/930 b/reuters/training/930
new file mode 100644
index 0000000000000000000000000000000000000000..449f3b7236f40c61e60c29e75b6eaa7768ef749c
--- /dev/null
+++ b/reuters/training/930
@@ -0,0 +1,13 @@
+MOBIL PLAN TO OPEN PEKING OFFICE, CHINA DAILY SAYS
+  Mobil Corp <MOB.N> of the U.S. Plans to
+  open an office in Peking to develop oil exploration
+  opportunities in China, the China Daily said.
+      It quoted Mobil president Richard Tucker, currently in
+  Peking, as saying he is optimistic about investment prospects
+  in China and that Peking will continue to encourage foreign
+  private businesses to invest here.
+      It said Mobil bought 73 mln dlrs of crude oil and oil
+  products from China in 1986 and sold it lubricant and
+  fertiliser, but gave no more details.
+  
+
diff --git a/reuters/training/9301 b/reuters/training/9301
new file mode 100644
index 0000000000000000000000000000000000000000..5d522031c977c5a09acaebfae2f0d807f452c972
--- /dev/null
+++ b/reuters/training/9301
@@ -0,0 +1,10 @@
+VICORP RESTAURANTS INC <VRES> 1ST QTR FEB 15 NET
+  Shr profit 1.17 dlrs vs loss 12 cts
+      Net profit 11.3 mln vs loss 1,038,000
+      Revs 104.6 mln vs 128.7 mln
+      NOTE: Current year net includes gain 9,500,000 dlrs from
+  the sale of its specialty restaurants unit, charge 1,200,000
+  dlrs from addition to insurance reserves, 4,600,000 dlr tax
+  credit and 660,000 dlr charge from debt repayment.
+  
+
diff --git a/reuters/training/9302 b/reuters/training/9302
new file mode 100644
index 0000000000000000000000000000000000000000..c176545929054d541f59f042479779264cec6901
--- /dev/null
+++ b/reuters/training/9302
@@ -0,0 +1,12 @@
+COMMERZBANK TO ACQUIRE AND FLOAT LINOTYPE
+  Commerzbank AG <CBKG.F> said it will
+  acquire <Linotype GmbH>, Europe's largest manufacturer of
+  type-setting and printing communications technology from Allied
+  Signal Inc <ALD.N> and float off the shares in the company.
+      Commerzbank declined to say how much it had paid for
+  Linotype.
+      Linotype's group turnover in 1986 rose 15 pct to more than
+  500 mln marks, the bank said. The group's net return on capital
+  was seven pct.
+  
+
diff --git a/reuters/training/9304 b/reuters/training/9304
new file mode 100644
index 0000000000000000000000000000000000000000..5084d7b0902cdbe2188300df3db379b8aca5a4ee
--- /dev/null
+++ b/reuters/training/9304
@@ -0,0 +1,5 @@
+EC EXPORT LICENCES FOR 59,000 TONNES WHITE  SUGAR AT REBATE 45.678 ECUS - FRENCH TRADERS
+
+  EC EXPORT LICENCES FOR 59,000 TONNES WHITE  SUGAR AT REBATE 45.678 ECUS - FRENCH TRADERS
+  
+
diff --git a/reuters/training/9305 b/reuters/training/9305
new file mode 100644
index 0000000000000000000000000000000000000000..97f0194c5be4be05ae8ccac5bdac1946ba88f939
--- /dev/null
+++ b/reuters/training/9305
@@ -0,0 +1,23 @@
+U.K. INTERVENTION BOARD DETAILS EC SUGAR SALES
+  A total 59,000 tonnes of current series
+  white sugar received export rebates of a maximum 45.678
+  European Currency Units (Ecus) per 100 kilos at today's
+  European Community (EC) tender, the U.K. Intervention Board
+  said.
+      Out of this, traders in West Germany received 34,750
+  tonnes, in the U.K. 13,000, in Denmark 7,250 and in France
+  4,000 tonnes, it added.
+      Earlier today, London traders had expected the subsidy for
+  the current season whites campaign for licences to end-Aug to
+  be more than 45.00 Ecus per 100 kilos but Paris traders were
+  more precise by forecasting a rebate level of 45.75 to 46.0
+  Ecus.
+      London traders were also reluctant earlier to predict the
+  likely tonnage to be authorised for export in view of the
+  on-going dispute between the Commission and European producers
+  over the threatened action by the producers to move over
+  800,000 tonnes to intervention.
+      Last week saw 60,500 tonnes whites athuorised for export at
+  a maximum rebate of 44.819 Ecus per 100 kilos.
+  
+
diff --git a/reuters/training/9306 b/reuters/training/9306
new file mode 100644
index 0000000000000000000000000000000000000000..0e3a7e9ab7e8c5dde3b0dcaf540bb080c47dd0dc
--- /dev/null
+++ b/reuters/training/9306
@@ -0,0 +1,6 @@
+PIONEER-STANDARD ELECTRONICS INC <PIOS> PAYOUT
+  Qtly div three cts vs three cts prior
+      Pay May One
+      Record April Eight
+  
+
diff --git a/reuters/training/9308 b/reuters/training/9308
new file mode 100644
index 0000000000000000000000000000000000000000..8eb04ec9a330092e330a1f1a1bb8447e5ef9b9ca
--- /dev/null
+++ b/reuters/training/9308
@@ -0,0 +1,5 @@
+HOUSE WAYS AND MEANS CMTE FINISHES WORK ON BILL TO TOUGHEN TRADE LAWS
+
+  HOUSE WAYS AND MEANS CMTE FINISHES WORK ON BILL TO TOUGHEN TRADE LAWS
+  
+
diff --git a/reuters/training/9311 b/reuters/training/9311
new file mode 100644
index 0000000000000000000000000000000000000000..c9dadc7ed3c22475fc567c4db8a3efd27e65f417
--- /dev/null
+++ b/reuters/training/9311
@@ -0,0 +1,10 @@
+FABRI-CENTERS <FCA> 4TH QTR ENDS JAN 31 NET
+  Shr 40 cts vs 41 cts
+      Net 1,979,000 vs 2,101,000
+      Revs 67.7 mln vs 63.6 mln
+      12 mths
+      Shr 36 cts vs 20 cts
+      Net 1,798,000 vs 1,034,000
+      Revs 239.4 mln vs 233.2 mln
+  
+
diff --git a/reuters/training/9312 b/reuters/training/9312
new file mode 100644
index 0000000000000000000000000000000000000000..92015d2945a5610d3d8818736ca0111159d803b3
--- /dev/null
+++ b/reuters/training/9312
@@ -0,0 +1,12 @@
+TSENG LABORATORIES INC <TSNG> 4TH QTR NET
+  Shr profit one ct vs loss nil
+      Net profit 200,052 vs loss 56,782
+      Revs 2,394,198 vs 706,393
+      Avg shrs 17.8 mln vs 19.8 mln
+      Year
+      Shr profit one ct vs profit one ct
+      Net profit 258,125 vs profit 164,553
+      Revs 4,225,731 vs 3,027,892
+      Avg shrs 17.9 mln vs 19.5 mln
+  
+
diff --git a/reuters/training/9313 b/reuters/training/9313
new file mode 100644
index 0000000000000000000000000000000000000000..8d2b4dcaf468c47eedb06d99fd0864bcfa453117
--- /dev/null
+++ b/reuters/training/9313
@@ -0,0 +1,6 @@
+PARK ELECTROCHEMICAL CORP <PKE> SETS PAYOUT
+  Qtly div three cts vs three cts prior
+      Pay May 20
+      Record April 20
+  
+
diff --git a/reuters/training/9314 b/reuters/training/9314
new file mode 100644
index 0000000000000000000000000000000000000000..61c65e67d1461928ae041c0f49513c82903deebe
--- /dev/null
+++ b/reuters/training/9314
@@ -0,0 +1,12 @@
+BRAZIL SEAMEN SAY STRIKE NEAR END
+  About half of Brazil's 40,000 seamen
+  have returned to work after accords with 22 companies, and the
+  national strike which began on February 27 looks close to
+  ending, a union spokesman said.
+      The spokesman, speaking from strike headquarters in Rio de
+  Janeiro, estimated that 80 ships were strike-bound.
+      The seamen have settled for 120 pct pay increases with the
+  individual companies but are still discussing the issue of
+  overtime payments with the shipowners' association, Syndarma.
+  
+
diff --git a/reuters/training/9315 b/reuters/training/9315
new file mode 100644
index 0000000000000000000000000000000000000000..bc1d06a6cbe6f2bdbf2ba2a0c383319a57030879
--- /dev/null
+++ b/reuters/training/9315
@@ -0,0 +1,32 @@
+KEY U.S. HOUSE PANEL FINISHES MAJOR TRADE BILL
+  The House Ways and Means Committee
+  completed action on legislation to toughen U.S. trade laws,
+  chairman Dan Rostenkowski said.
+      The committee's consideration of one of the most
+  controversial provisions, a plan to force major trade surplus
+  countries to cut their trade imbalance with the United States,
+  was deferred until the full House considers the trade bill, its
+  sponsor Rep. Richard Gephardt said.
+      Gephardt, a Missouri Democrat, told Reuters he was not
+  certain the exact form his trade surplus reduction proposal
+  would take. Last year the House approved his plan to force a 10
+  pct surplus cutback each year for four years, by countries such
+  as Japan.
+      The Ways and Means Committess' trade bill forces President
+  Reagan to retaliate against unfair trade practices that violate
+  international trade agreements but it allows him to wave
+  retaliatory tariffs or quotas if the action would hurt the U.S.
+  economy.
+      The trade bill gives U.S. Trade Representative Clayton
+  Yeutter more authority in trade negotiations and in decisions
+  to grant domestic industries import relief.
+      It also gives him authority to decide whether foreign trade
+  practices are unfair and violate U.S. trading rights. These
+  powers are currently held by President Reagan.
+      The administration has strongly objected to this transfer
+  of authority from Reagan to Yeutter.
+      The bill also extends U.S. authority to negotiate
+  multilateral trade agreements. The bill will be wrapped into
+  other trade legislation and voted on in the House in April.
+  
+
diff --git a/reuters/training/9316 b/reuters/training/9316
new file mode 100644
index 0000000000000000000000000000000000000000..ef0ba375c6a0063bb9d992678a61a03b949595a6
--- /dev/null
+++ b/reuters/training/9316
@@ -0,0 +1,12 @@
+RUSS TOGS INC <RTS> 4TH QTR JAN 31 NET
+  Shr 82 cts vs 76 cts
+      Net 4,200,000 vs 3,954,000
+      Sales 58.7 mln vs 60.6 mln
+      Year
+      Oper shr 2.68 dlrs vs 2.47 dlrs
+      Oper net 13.8 mln vs 13.0 mln
+      Sales 274.3 mln vs 276.8 mln
+      NOTE: Prior year net excludes loss 1,120,000 dlrs from
+  discontinued operations and loss on disposal of 922,000 dlrs.
+  
+
diff --git a/reuters/training/932 b/reuters/training/932
new file mode 100644
index 0000000000000000000000000000000000000000..c76419d5d8dadb03daea028aef7fe81fc9ad4373
--- /dev/null
+++ b/reuters/training/932
@@ -0,0 +1,14 @@
+KLM TO TAKE 15 PCT STAKE IN AIR UK
+  KLM Royal Dutch Airlines <KLM.A> said
+  it agreed to take a 15 pct stake in Air U.K. Ltd, a subsidiary
+  of British and Commonwealth Shipping Plc <BCOM.L>, in a
+  transaction worth around two mln stg.
+     A KLM spokesman said KLM already cooperated closely with Air
+  UK, which runs 111 flights a week to Amsterdam's Schipol
+  airport from nine UK cities.
+     British and Commonwealth Shipping said last week it held
+  preliminary talks about a KLM minority stake in Air U.K. But
+  gave no further details. KLM said it hoped the move would
+  attract more British feeder traffic to Amsterdam Airport.
+  
+
diff --git a/reuters/training/9324 b/reuters/training/9324
new file mode 100644
index 0000000000000000000000000000000000000000..20a73ef5e347380da29009f1aabddc271180c44c
--- /dev/null
+++ b/reuters/training/9324
@@ -0,0 +1,7 @@
+THERMO PROCESS <TPSI> ACQUISITION TERMINATED
+  Thermo Process Systems Inc said
+  its proposed acquisition of the Surface Combustion Division of
+  privately-held <Midland-Ross Corp> has been terminated because
+  mutually satisfactory terms could not be established.
+  
+
diff --git a/reuters/training/9326 b/reuters/training/9326
new file mode 100644
index 0000000000000000000000000000000000000000..f57c5cc8c2d4175e0b4688160eb5e13eaea24b1c
--- /dev/null
+++ b/reuters/training/9326
@@ -0,0 +1,10 @@
+NORANDA RAISES PRIMARY ALUMINUM PRICES
+  Noranda Aluminum Inc. said it has
+  increased its primary aluminum prices by two cents a lb,
+  effective with new orders as of March 25 and all shipments
+  beginning May 1.
+      The new price for unalloyed ingot will be 64.5 cents a lb
+  while the new price for extrusion billet will be 72.5 cents a
+  lb.
+  
+
diff --git a/reuters/training/9327 b/reuters/training/9327
new file mode 100644
index 0000000000000000000000000000000000000000..4ab90f81a03a8d06bfc335deb01073917fdbe666
--- /dev/null
+++ b/reuters/training/9327
@@ -0,0 +1,22 @@
+SOVIET PAPER DETAILS GEORGIAN FLOOD DAMAGE
+  Floods and avalanches killed 110 people
+  and caused around 350 mln roubles worth of damage in the
+  southern Soviet republic of Georgia earlier this year, the
+  government daily Izvestia said.
+      Some 80,000 hectares of agricultural land and gardens had
+  been inundated, damaging tea plantations and orange groves, the
+  newspaper said. It added that spring sowing in southern parts
+  of the country was some two weeks behind schedule because of
+  the late thaw but gave no precise crop estimates.
+      In the most detailed report to date on the heavy snows in
+  January and floods in February, Izvestia said 8,200 people had
+  been evacuated from mountain areas, 4,500 houses had been
+  damaged and hundreds of kilometres of roads and power lines had
+  been destroyed.
+      A separate article in the daily warned that a sudden thaw
+  was expected shortly in the Ukraine and southern parts of
+  Russia, which experienced record snows this winter.
+      Preventive measures have already been taken in some areas
+  including the evacuation of cattle.
+  
+
diff --git a/reuters/training/9328 b/reuters/training/9328
new file mode 100644
index 0000000000000000000000000000000000000000..95f77d91c932c5279f87ea8c5d5f2ac1b17e8601
--- /dev/null
+++ b/reuters/training/9328
@@ -0,0 +1,40 @@
+UTILICORP <UCU> SEES HIGHER 1987 FIRST QUARTER
+  Utilicorp United Corp
+  said it expects to report 1987 first quarter earnings of about
+  12 mln dlrs or about 1.12 dlrs a share and revenues of about
+  190 mln dlrs.
+      In the comparable quarter a year ago, Utilicorp earned 8.5
+  mln dlrs or 87 cts on revenues of 203 mln dlrs.
+      There are 9.6 mln shares outstanding this year, up from the
+  8.5 mln shares in 1986, Utilicorp's president Richard Green
+  told financial analysts here.
+      First quarter 1987 results include one month contribution
+  of West Virginia Power, which became a division on March 1,
+  1987, Green said in remarks prepared for delivery to analysts.
+      Higher earnings for the period reflected reduced operating
+  and maintenenace expenses and about 10 mln dlrs in rate
+  increases in Iowa, Minnesota, Kansas and Colorado, he said.
+      However, Utilicorp's Missouri Public Service division is
+  experiencing the effect of a 5.9 pct rate reduction authorized
+  in September 1986, he noted.
+      Of Utilicorp's total revenues expected for the 1987 first
+  quarter, about 43 mln dlrs will be derived from electric
+  operations and about 147 mln dlrs will come from gas
+  operations, he said.
+      Operating income derived from electric operations in the
+  first three months of 1987 is estimated to be eight mln dlrs,
+  while the contribution from gas operations will be about 10 mln
+  dlrs, Green said.
+      Green told analysts that Utilicorp received regulatory
+  approval from various states and the Federal Energy Regulatory
+  Commission to reincorporate in Delaware, effective April one.
+      Utilicorp signed an agreement with Cominco Ltd of Vancouver
+  to extend the deadline to May 31, 1987, for completion of the
+  company's purchase of West Kootenay Power and Light of British
+  Columbia, due to a longer than expected regulatory approval
+  process, he said.
+      Hearings were completed in February and a decision by the
+  British Columbia Utilities Commission on the 60 mln dlrs
+  purchase by Utilicorp is pending, he said.
+  
+
diff --git a/reuters/training/9330 b/reuters/training/9330
new file mode 100644
index 0000000000000000000000000000000000000000..6853824aee9665d256c3be4ac621e1f62cfe37dd
--- /dev/null
+++ b/reuters/training/9330
@@ -0,0 +1,14 @@
+TSENG <TSNG> SEES SALES INCREASE FIRST QTR 1987
+  Tseng Laboratories Inc said it
+  expects first quarter 1987 sales to exceed total sales for the
+  entire 1986 year, and said it expects earnings for the quarter
+  to grow at a faster rate than sales.
+      Tseng posted total revenues for 1986 of 4,255,731, and net
+  income of 258,125, or 14 cts per share.
+      Jack Tseng, president of the company, attributed the high
+  expectations to increased orders from major costomers, as well
+  as accelerated business from its growing reseller network.
+      Tseng posted first quarter 1986 sales of 549,950, and net
+  income of 19,163, the company said.
+  
+
diff --git a/reuters/training/9332 b/reuters/training/9332
new file mode 100644
index 0000000000000000000000000000000000000000..9afb8cda860547d0d0570a6453e131bd0ae6c878
--- /dev/null
+++ b/reuters/training/9332
@@ -0,0 +1,10 @@
+STOCKHOLDER SYSTEMS <SSIAA> MAKES ACQUISITION
+  Stockholder Systems Inc said it has
+  agreed in principle to acquire privately-held Software Concepts
+  Inc, which provides software for check processing, mortgage
+  application processing and safe deposit box accounting, for
+  undisclosed terms.
+      Software Concepts had revenues of about 3,200,000 dlrs for
+  the year ended June 30.
+  
+
diff --git a/reuters/training/9333 b/reuters/training/9333
new file mode 100644
index 0000000000000000000000000000000000000000..30b69dae62b741e66174b356d4ff2a726fdb9f0f
--- /dev/null
+++ b/reuters/training/9333
@@ -0,0 +1,14 @@
+CONCEPT INC <CCPT> 2ND QTR FEB 28 NET
+  Shr 11 cts vs five cts
+      Net 656,000 vs 314,000
+      Sales 8,868,000 vs 6,499,000
+      Avg shrs 5,823,000 vs 5,705,000
+      1st half
+      Shr 22 cts vs 13 cts
+      Net 1,296,000 vs 795,000
+      Sales 17.3 mln vs 13.5 mln
+      Avg shrs 5,809,000 vs 5,973,000
+      NOTE: Share adjusted for five-for-four split in February
+  1987.
+  
+
diff --git a/reuters/training/9334 b/reuters/training/9334
new file mode 100644
index 0000000000000000000000000000000000000000..ecc3feddcf715898f35664f47067f7a4c6389ec4
--- /dev/null
+++ b/reuters/training/9334
@@ -0,0 +1,14 @@
+LIFE OF INDIANA CORP <LIFI> 4TH QTR LOSS
+  Shr loss two cts vs profit six cts
+      Net loss 103,000 vs profit 319,000
+      Revs 4,357,000 vs 6,494,000
+      Avg shrs 5,415,185 vs 5,646,185
+      Year
+      Shr profit 22 cts vs profit 10 cts
+      Net profit 1,236,000 vs profit 570,000
+      Revs 22.2 mln vs 24.8 mln
+      Avg shrs 5,638,596 vs 5,646,185
+      NOTE: 1986 net includes tax credits of 30,400 dlrs in
+  quartger and 58,000 dlrs in year.
+  
+
diff --git a/reuters/training/9335 b/reuters/training/9335
new file mode 100644
index 0000000000000000000000000000000000000000..d3864ec914ed7728a29be8fba331b180c25d10d3
--- /dev/null
+++ b/reuters/training/9335
@@ -0,0 +1,7 @@
+B.F. SAUL REAL ESTATE INVESTMENT <BFS> PAYOUT
+  Qtly div five cts vs five cts prior
+      Pay April 30
+      Record April 10
+      NOTE: B.F. Saul Real Estate Investment Trust.
+  
+
diff --git a/reuters/training/9336 b/reuters/training/9336
new file mode 100644
index 0000000000000000000000000000000000000000..7a59d55619c4c357999aff926046467ef2368cd9
--- /dev/null
+++ b/reuters/training/9336
@@ -0,0 +1,58 @@
+SOUTH AFRICA PROBLEMS REMAIN DESPITE DEBT PACT
+  South Africa's new foreign debt
+  agreement sparked a rally in local financial markets, but
+  bankers and economists said the pact removes only one source of
+  anxiety from a still depressed economy.
+      "We have not gone from 'no confidence' to 'full confidence'
+  yet," commented one banker, who saw the agreement as having
+  marginal influence on fundamental economic problems.
+      Money market analysts cited the debt renegotiation as the
+  main impetus behind increases today in both the commercial and
+  financial rand.
+      The commercial rand, used for current account transactions,
+  rose 0.5 cts to 49 U.S. Cts while the financial rand jumped
+  nearly two cts to 33 U.S. Cts.
+      All equity and fixed investment flows of foreigners take
+  place through the financial rand, which is considered the main
+  barometer of South Africa's attractiveness to overseas
+  investors.
+      Analysts predicted the debt arrangement plus further gains
+  in the gold price could push the commercial rand over 50 U.S.
+  Cts and the financial rand to 35 cents in the next few weeks.
+      They said the financial rand in particular was being driven
+  by a tentative provision in the new debt agreement that could
+  favorably affect the currency.
+      Foreign creditors may get permission to convert loan
+  balances and short-term claims into equity investments in South
+  Africa.
+      Finance Minister Barend du Plessis said the Reserve Bank
+  was "investigating the implications of such conversions in light
+  of terms and restrictions of the financial rand system."
+      Du Plessis in disclosing the new agreement last night said
+  the recent sharp rise in the financial rand was an example that
+  "some foreign investors are again taking a more realistic view
+  of South Africa."
+      Terms of the debt agreement call for South Africa to repay
+  1.42 billion dlrs of 13 billion dlrs of frozen debt over the
+  next three years. The agreement extends a standstill
+  arrangement, expiring June 30, that has been in place since
+  August, 1985.
+      Bankers said the repayment amounts essentially confirmed
+  their private estimates and could be comfortably met by the
+  monetary authorities.
+      "They (creditors) asked for the maximum amount and we
+  offered the minimum," said one banking source, reacting to
+  reports from London that creditors were hoping for larger
+  repayments.
+      Reserve Bank governor Gerhard de Kock said South Africa
+  should have "no difficulty whatsoever" with the terms.
+      Economists said the debt agreement would have no
+  significant impact on economic problems continuing to face
+  South Africa including high rates of inflation and
+  unemployment, labour unrest and political uncertainty.
+      Johannesburg Stock Exchange president Tony Norton, speaking
+  yesterday before the debt agreement, said the economy was "in
+  bad shape" and there was "an awful lot of talk but little action"
+  to cure serious problems.
+  
+
diff --git a/reuters/training/9337 b/reuters/training/9337
new file mode 100644
index 0000000000000000000000000000000000000000..fe339be03410d92ba69ea3f0aa30449d729728be
--- /dev/null
+++ b/reuters/training/9337
@@ -0,0 +1,14 @@
+MAYTAG <MYG> SEES CAPITAL SPENDING UP IN 1987
+  Maytag Co said it expects capital
+  spending in 1987 to increase to about 60 mln dlrs from 49 mln
+  dlrs in 1986.
+      Maytag chairman and chief executive officer Daniel Krumm
+  said the company plans a "significant" investment at its
+  Admiral refrigerator plant in Galesburg, Ill., as well as
+  continued spending for product improvement and increased
+  efficiency at other Maytag facilities.
+      Earlier, the company reported 1986 net income of 111.2 mln
+  dlrs, or 2.57 per share, versus net income of 124.9 mln dlrs,
+  or 2.89 dlrs a share, in 1985.
+  
+
diff --git a/reuters/training/9338 b/reuters/training/9338
new file mode 100644
index 0000000000000000000000000000000000000000..28a6814e88ab886a066c31de4cf8c2daf962dce5
--- /dev/null
+++ b/reuters/training/9338
@@ -0,0 +1,13 @@
+TRAVELERS <TIC> UNIT TO BUY REALTY DIVISIONS
+  The Travelers Corp's Travelers
+  Mortgage Services said it signed a letter of intent to buy two
+  subsidiaries of the privately-held <Equitable Life Assurance
+  Society of the U.S.>
+      The company said it plans to acquire the Equitable
+  Relocation Management Corp and the Equitable Realty Network
+  Inc.
+      The company said the acquisitions will give it broader
+  distribution of its corporate relocation service and mortgage
+  programs.
+  
+
diff --git a/reuters/training/9339 b/reuters/training/9339
new file mode 100644
index 0000000000000000000000000000000000000000..cd92acebdb2e127554135b28ef472e624d291033
--- /dev/null
+++ b/reuters/training/9339
@@ -0,0 +1,11 @@
+COMMUNICATIONS AND CABLE INC <CCAB> 1ST QTR NET
+  Oper shr seven cts vs loss nil
+      Oper net 988,000 vs loss 52,000
+      Revs 2,267,000 vs 791,000
+      NOTE: Net excludes gains from discontinued operations of
+  65,000 dlrs vs 75,000 dlrs.
+      Current year net includes gain 1,025,000 dlrs from sale of
+  cellular telephone investment.
+      Prior year figures restated for discontinued operations.
+  
+
diff --git a/reuters/training/934 b/reuters/training/934
new file mode 100644
index 0000000000000000000000000000000000000000..1be5cfaee5974cb212e808e9f3f1cfc13d9a8a22
--- /dev/null
+++ b/reuters/training/934
@@ -0,0 +1,3 @@
+ 3-MAR-1987 06:14:59.08
+   3-MAR-1987 06:14:59.08
+
diff --git a/reuters/training/9343 b/reuters/training/9343
new file mode 100644
index 0000000000000000000000000000000000000000..393ac423f3ae8c066d6e572bbd55206c707ec101
--- /dev/null
+++ b/reuters/training/9343
@@ -0,0 +1,10 @@
+DALLAS INVESTOR CUTS STAKE IN MCDERMOTT (MDR)
+  A group led by Dallas investor
+  Harold Simmons told the Securities and Exchange Commission it
+  had reduced its stake in McDermott International Inc by one
+  pct, to under five pct.
+      The group had said in a March 10 filing, announcing
+  acquisition of 5.4 pct of the firm's stock, that it might
+  consider seeking control of the company.
+  
+
diff --git a/reuters/training/9345 b/reuters/training/9345
new file mode 100644
index 0000000000000000000000000000000000000000..5677910d4ac0b964b8ed5399cb42cd66d180943d
--- /dev/null
+++ b/reuters/training/9345
@@ -0,0 +1,23 @@
+INTN'L PLATINUM, DEGUSSA IN JOINT VENTURE TALKS
+  International Platinum Corp said it
+  signed a letter of intent to enter into further negotiations on
+  a joint venture exploration agreement with Degussa A.G., of
+  West Germany, regarding several North American platinum
+  properties.
+      Conclusion of the agreement is subject to completion of
+  further detailed examination by Degussa, as well as board and
+  regulatory approvals.
+      Under terms of the letter of intent, Degussa would
+  contribute substantially to a three year exploration budget of
+  4.5 mln dlrs in return for a 50 pct interest in the venture.
+      Degussa's contribution to the exploration budget will be
+  based on it matching International Platinum's past exploration
+  and acquisition costs, estimated at about two mln dlrs, and
+  then contributing on a pro rata basis, International Platinum
+  said.
+      Degussa's contribution would provide a major portion of
+  International Platinum's exploration budget, especially during
+  the first and second year of the proposed joint venture, the
+  company said.
+  
+
diff --git a/reuters/training/9346 b/reuters/training/9346
new file mode 100644
index 0000000000000000000000000000000000000000..b7dba55fbc37e16149f77e0a115cf402ca25a07c
--- /dev/null
+++ b/reuters/training/9346
@@ -0,0 +1,7 @@
+WESTWOOD ONE INC <WONE> 1ST QWTR FEB 28 NET
+  Shr 12 cts vs eight cts
+      Net 1,440,000 vs 830,000
+      Revs 15.9 mln vs 11.2 mln
+      Avg shrs 12,342,000 vs 10,826,000
+  
+
diff --git a/reuters/training/9348 b/reuters/training/9348
new file mode 100644
index 0000000000000000000000000000000000000000..5ffac7480ec3928863a2bfcd13b20afa0eac832f
--- /dev/null
+++ b/reuters/training/9348
@@ -0,0 +1,25 @@
+IRAN SAYS HAS BETTER WEAPONS THAN SILKWORM
+  Iranian Prime Minister Mir-Hossein
+  Mousavi said Iran had "more effective" missiles at its disposal
+  than the shore-to-sea missiles which had provoked U.S. Concern,
+  Tehran Radio reported.
+      A U.S. State Department spokesman said last week Iran had
+  acquired Chinese-made Silkworm missiles which posed a greater
+  threat to shipping in the Gulf than the weapons previously
+  used.
+      Tehran Radio, monitored by the British Broadcasting Corp,
+  quoted Mousavi as saying that Tehran officially announced after
+  its forces overran southern Iraq's Faw peninsula in February
+  last year that it had shore-to-sea missiles.
+      "The fact that the Americans, after so much delay, are now
+  thinking of expressing their concern with panic is because
+  Reagan needs this sensation now," said Mousavi, speaking after a
+  cabinet meeting in Tehran.
+      "We also announce today that these missiles are not the
+  limit of our war capabilities in the Gulf," he added.
+      Mousavi said the security of the Gulf region had nothing to
+  do with the U.S. But Iran would resort to any action to defend
+  the Gulf, "even those actions which are not thought probable by
+  Westerners."
+  
+
diff --git a/reuters/training/9349 b/reuters/training/9349
new file mode 100644
index 0000000000000000000000000000000000000000..22f5667e7b84cbeac8a86a0ef8828ce7b92ff5a5
--- /dev/null
+++ b/reuters/training/9349
@@ -0,0 +1,10 @@
+EC COMMISSION DETAILS SUGAR TENDER
+  The European Community Commission
+  confirmed it granted export licences for 59,000 tonnes of
+  current series white sugar at a maximum export rebate of 45.678
+  European Currency Units (ECUs) per 100 kilos.
+      Out of this, traders in West Germany received 34,750
+  tonnes, in the U.K. 13,000, in Denmark 7,250 tonnes and in
+  France 4,000 tonnes.
+  
+
diff --git a/reuters/training/9352 b/reuters/training/9352
new file mode 100644
index 0000000000000000000000000000000000000000..776eb586f677580c19ff432efcfe596dd82cdebe
--- /dev/null
+++ b/reuters/training/9352
@@ -0,0 +1,14 @@
+TRICENTROL TO CONCENTRATE ON PROVEN RESERVES
+  Tricentrol Plc <TCT.L> said it will
+  concentrate most of its efforts this year on its proven oil and
+  gas reserves in order to maximise benefits to shareholders in
+  the mid to long-term.
+      It said in a statement "We are confident that substantial
+  development funds will be available to Tricentrol and that we
+  will be able to minimise further disposal of our interests."
+      Tricentrol wrote off 57.5 mln stg on the reorganisation of
+  its North American operations last year, when oil prices
+  plunged. The group incurred a 1986 net loss of 3.7 mln stg
+  against a 25.4 mln profit the previous year.
+  
+
diff --git a/reuters/training/9354 b/reuters/training/9354
new file mode 100644
index 0000000000000000000000000000000000000000..263c989d1b42d3fa76acddb58b518662cea0c1f3
--- /dev/null
+++ b/reuters/training/9354
@@ -0,0 +1,6 @@
+BROOKLYN UNION GAS CO <BU> SETS PAYOUT
+  Qtrly div 41.5 cts vs 41.5 cts prior
+      Pay May One
+      Record April 6
+  
+
diff --git a/reuters/training/9356 b/reuters/training/9356
new file mode 100644
index 0000000000000000000000000000000000000000..42c950e867e278c539f896f0645121a8538f0f34
--- /dev/null
+++ b/reuters/training/9356
@@ -0,0 +1,10 @@
+ARGENTINE PORT WORKERS TAKE INDUSTRIAL ACTION
+  Argentine port workers began an
+  indefinite protest against safety conditions at the port of
+  Buenos Aires, stopping work for one hour per shift, a press
+  spokesman said.
+      He said three port workers had died over the last month in
+  accidents. He said the decision to take action was made after a
+  port worker died yesterday after being electrocuted.
+  
+
diff --git a/reuters/training/9357 b/reuters/training/9357
new file mode 100644
index 0000000000000000000000000000000000000000..90d7cdbca85e57ac5603f8098893a876d41fc0fe
--- /dev/null
+++ b/reuters/training/9357
@@ -0,0 +1,5 @@
+NOVAMIN SAYS IT RECEIVED PROPOSED TAKEOVER BID FROM BREAKWATER
+
+  NOVAMIN SAYS IT RECEIVED PROPOSED TAKEOVER BID FROM BREAKWATER
+  
+
diff --git a/reuters/training/9361 b/reuters/training/9361
new file mode 100644
index 0000000000000000000000000000000000000000..8fb38955bf72574d5ff3adfedadfb6ec35110a82
--- /dev/null
+++ b/reuters/training/9361
@@ -0,0 +1,14 @@
+FED EXPECTED TO ADD RESERVES IN MARKET
+  The Federal Reserve will probably
+  intervene in the government securities market to add reserves
+  today, economists said.
+      They expected the Fed will supply temporary reserves
+  indirectly via 1.5 to two billion dlrs of customer repurchase
+  agreements.
+      Fed funds hovered at a relatively high 6-1/4 pct this
+  morning after averaging 6.14 pct on Tuesday.
+      Early this afternoon the Fed also is expected to supply
+  reserves permanently, effective Thursday, by offering to buy
+  all maturities of Treasury bills.
+  
+
diff --git a/reuters/training/9362 b/reuters/training/9362
new file mode 100644
index 0000000000000000000000000000000000000000..91ebdbddd5d8531a1cffa06b410e1aef82fcb100
--- /dev/null
+++ b/reuters/training/9362
@@ -0,0 +1,10 @@
+INDIA REPORTED BUYING TWO WHITE SUGAR CARGOES
+  India is reported to have bought two
+  white sugar cargoes for April/May shipment at its tender today
+  near 227 dlrs a tonne cost and freight and could be seeking a
+  third cargo, traders said.
+      A British operator is believed to have sold one of the
+  cargoes, while an Austrian concern is thought to have featured
+  in the second cargo sale, they said.
+  
+
diff --git a/reuters/training/9363 b/reuters/training/9363
new file mode 100644
index 0000000000000000000000000000000000000000..7ae937315a98bf163f5769d3139bd7df2cc62e1f
--- /dev/null
+++ b/reuters/training/9363
@@ -0,0 +1,13 @@
+NOVAMIN IN PROPOSED BUYOUT BY BREAWATER <BWRLF>
+  <Novamin Inc> said it received a
+  proposed takeover offer from Breakwater Resources Ltd involving
+  a swap of one Breakwater share for two Novamin common shares.
+      It said the proposal also called for conversion of
+  outstanding Novamin warrants into Breakwater common shares on
+  the same basis, provided the exercise price was paid by the
+  warrant holders.
+      Novamin, a mineral exploration company, said directors
+  would meet next Tuesday to deal with the proposal, which, it
+  said, was subject to approval by Breakwater directors.
+  
+
diff --git a/reuters/training/9364 b/reuters/training/9364
new file mode 100644
index 0000000000000000000000000000000000000000..36d7554bc5c76b2435f289e2ef40cd851fd31d46
--- /dev/null
+++ b/reuters/training/9364
@@ -0,0 +1,10 @@
+LILLY INDUSTRIAL COATINGS INC <LICIA> 1ST QTR
+  Feb 28 end
+      Shr 18 cts vs 13 cts
+      Net 1,541,000 vs 1,122,000
+      Sales 36.7 mln vs 33.5 mln
+      Avg shrs 8,517,000 vs 8,441,000
+      NOTE: Share adjusted for five pct stock dividend in August
+  1986.
+  
+
diff --git a/reuters/training/9365 b/reuters/training/9365
new file mode 100644
index 0000000000000000000000000000000000000000..bf295f5b07c1c974f16e9b49065a62e4fe4bf3d5
--- /dev/null
+++ b/reuters/training/9365
@@ -0,0 +1,6 @@
+COMMONWEALTY REALTY <CRTYZ>, BAY <BAY> END TALKS
+  Commonwealth Realty Trust said
+  preliminary merger talks with Bay Financial Corp have been
+  terminated due to a failure to agree on terms.
+  
+
diff --git a/reuters/training/9366 b/reuters/training/9366
new file mode 100644
index 0000000000000000000000000000000000000000..6e9be15f73d7fddd2fe63cc2a4957e3c378f945f
--- /dev/null
+++ b/reuters/training/9366
@@ -0,0 +1,10 @@
+MET-PRO CORP <MPR> 4TH QTR ENDS JAN 31 NET
+  Shr 19 cts vs 18 cts
+      Net 362,692 vs 347,868
+      Revs 6,311,808 vs 5,827,538
+      12 mths
+      Shr 60 cts vs 80 cts
+      Net 1,152,746 vs 1,534,503
+      Revs 24.7 mln vs 25.2 mln
+  
+
diff --git a/reuters/training/9369 b/reuters/training/9369
new file mode 100644
index 0000000000000000000000000000000000000000..537c69fb3c07417c3a2898fb54fe5536ce9e1ad4
--- /dev/null
+++ b/reuters/training/9369
@@ -0,0 +1,6 @@
+CENTRAL MAINE POWER CO <CTP> SETS QUARTERLY
+  Qtly div 35 cts vs 35 cts prior
+      Pay April 30
+      Record April 10
+  
+
diff --git a/reuters/training/937 b/reuters/training/937
new file mode 100644
index 0000000000000000000000000000000000000000..a9aab2d788292e059d34d4eea692ccd96b421f58
--- /dev/null
+++ b/reuters/training/937
@@ -0,0 +1,33 @@
+U.K. RESERVES SHOW UNDERLYING RISE IN FEBRUARY
+  Britain's gold and currency reserves
+  showed an underlying rise of 287 mln dlrs in February, after a
+  72 mln dlrs rise in January, the Treasury said.
+      The underlying trend, which is a guide to Bank of England
+  operations to support the pound on foreign exchanges, is net of
+  borrowings and repayments.
+      This was above market expectations for a 100 mln dlrs rise.
+      The Treasury said the Bank of England used the opportunity
+  of strong demand to rebuild reserves after losses last autumn
+  and said the underlying rise was still relatively modest.
+      Actual reserves rose by 305 mln dlrs in February to 22.26
+  billion dlrs, after rising 29 mln in January to 21.95 billion.
+      Accruals of borrowings under the exchange cover scheme were
+  36 mln dlrs last month, after 163 mln in January, while
+  repayments were 16 mln dlrs after the previous 151 mln, a
+  Treasury spokesman said.
+      Capital repayments totalled two mln dlrs. In January,
+  capital repayments totalled 14 mln dlrs, with a valuation
+  change that resulted in a fall of 41 mln dlrs due to the
+  quarterly rollover from the European Monetary Cooperation Fund
+  swap.
+      The Treasury would not comment on the Bank of England's
+  market operations, but currency traders reported moderate Bank
+  of England intervention to curb upward pressure on the pound
+  today.
+      A Treasury spokesman, commenting on the reserves figures,
+  said that the government does not want sterling either to rise
+  too far or to fall substantially from current levels.
+      He noted that the Chancellor of the Exchequer Nigel Lawson
+  stressed this after the recent Paris currencies meeting.
+  
+
diff --git a/reuters/training/9371 b/reuters/training/9371
new file mode 100644
index 0000000000000000000000000000000000000000..6a847d26d3ce4ccb56b6a66da367b5ef44a8b49e
--- /dev/null
+++ b/reuters/training/9371
@@ -0,0 +1,11 @@
+PEP BOYS <PBY> SETS SPLIT, RAISES QUARTERLY
+  Manny, Moe and Jack Inc
+  said its board declared a three-for-one stock split and raised
+  the quarterly dividend to six cts presplit from 5-1/2 cts.
+      Both are payable July 27 to holders of record July One and
+  the
+      The split is subject to shareholder approval at the May 18
+  annual meeting of an increase in authorized common shares to
+  500 mln from 40 mln, the company said.
+  
+
diff --git a/reuters/training/9372 b/reuters/training/9372
new file mode 100644
index 0000000000000000000000000000000000000000..fbb62700e5e6621c3252da84b588f923899f1aef
--- /dev/null
+++ b/reuters/training/9372
@@ -0,0 +1,13 @@
+PEP BOYS - MANNY, MOE AND JACK INC <PBY> 4TH QTR
+  Jan 31 end
+      Shr 45 cts vs 37 cts
+      Net 8,349,000 vs 6,187,000
+      Sales 126.7 mln vs 103.7 mln
+      Year
+      Shr 1.55 dlrs vs 1.29 dlrs
+      Net 28.1 mln vs 21.1 mln
+      Sales 485.9 mln vs 388.9 mln
+      NOTE: Latest year net includes three cts shr gain from sale
+  of assets.
+  
+
diff --git a/reuters/training/9373 b/reuters/training/9373
new file mode 100644
index 0000000000000000000000000000000000000000..b8c35b91de00832453e72152b0906a9df82e76fd
--- /dev/null
+++ b/reuters/training/9373
@@ -0,0 +1,17 @@
+HOVNANIAN ENTERPRISES <HOV> EARNINGS TO RISE
+  Hovnanian Enterprises Inc said the
+  company's earnings for year would exceed the 1.65 dlrs a share
+  previously announced and could go as high as 1.75 dlrs for
+  fiscal year ended  Feb 28, 1987.
+      The company posted net earnings of 11.5 mln dlrs, or 1.72
+  dlrs per share, on revenues of 199.3 mln dlrs for fiscal year
+  1986. These figures reflect two three-for-two stock splits in
+  March and August 1986.
+      At the Annual Drexel Burnham Lambert Construction
+  Conference here, Hovnanian executive vice presidnt Ara
+  Hovnanian said the company expects an earnings range of between
+  2.35 dlrs and 2.55 dlrs per share for fiscal 1988.
+      Total revenues for the year ending Feb 29, 1988, should be
+  between 320 mln and 350 mln, he said.
+  
+
diff --git a/reuters/training/9374 b/reuters/training/9374
new file mode 100644
index 0000000000000000000000000000000000000000..d21e395f19d5c8e2f956cbae7c43589e98cfabc7
--- /dev/null
+++ b/reuters/training/9374
@@ -0,0 +1,12 @@
+NY TRADERS SAY TURKEY MADE LARGE SUGAR PURCHASE
+  Turkey bought an estimated 100,000
+  tonnes of white sugar from three trade houses today for April
+  to June shipment, according to trade sources.
+      They said a large U.K. trade house sold 50,000 tonnes, a
+  U.S. house traded 25,000 tonnes, and a Swiss-based dealer house
+  25,000 tonnes.
+      Price details were unclear but reports this morning
+  suggested that Turkey was offered sugar at prices ranging down
+  to 212 dlrs a tonne, c and f basis.
+  
+
diff --git a/reuters/training/9377 b/reuters/training/9377
new file mode 100644
index 0000000000000000000000000000000000000000..808791bc682b1666842c4d2a44f02227f5e24c80
--- /dev/null
+++ b/reuters/training/9377
@@ -0,0 +1,5 @@
+JOHNSON SAYS FED'S ACTIONS YESTERDAY MEANT TO STABILIZE DOLLAR AT CURRENT LEVELS
+
+  JOHNSON SAYS FED'S ACTIONS YESTERDAY MEANT TO STABILIZE DOLLAR AT CURRENT LEVELS
+  
+
diff --git a/reuters/training/9378 b/reuters/training/9378
new file mode 100644
index 0000000000000000000000000000000000000000..9a4d29030666fd9ccd2516855c0e4af029294ea7
--- /dev/null
+++ b/reuters/training/9378
@@ -0,0 +1,14 @@
+SUNSTAR FOODS INC <SUNF> 2ND QTR FEB 28 NET
+  Shr 23 cts vs not reported
+      Net 282,000 vs 1,000
+      Sales 18.6 mln vs 18.7 mln
+      Six mths
+      Shr 48 cts vs 17 cts
+      Net 583,000 vs 213,000
+      Sales 37.8 mln vs 37.5 mln
+     NOTE: 1987 six months net includes a loss from discontinued
+  operations equal to two cts a share.
+      1986 net includes losses from discontinued operations of
+  four cts in the quarter and six cts in the six months.
+  
+
diff --git a/reuters/training/938 b/reuters/training/938
new file mode 100644
index 0000000000000000000000000000000000000000..40ebeff58e98cf6f37e9b0ae2198f07d30d25178
--- /dev/null
+++ b/reuters/training/938
@@ -0,0 +1,24 @@
+COMALCO SAYS LOWER COSTS HELP RETURN TO PROFITS
+  Comalco Ltd said its return to profit
+  reflected reduced costs, improved primary aluminium prices and
+  its withdrawal from a Japanese smelter venture.
+      It said the earlier reported 57.1 mln dlr profit for the
+  year ended December 31 against a 69.13 mln dlr loss in 1985 was
+  also aided by lower interest rates on U.S. Dollar debt and
+  greater sales of bauxite and aluminium.
+      Comalco said it expected to pay at least a four cents per
+  share final dividend, delayed until July 1 to take advantage of
+  proposed dividend imputation laws.
+      This would make five cents for the year against a first and
+  final of one cent in 1985.
+      Comalco said the aluminium industry continues to suffer
+  from low prices and excess capacity, though the weak Australian
+  dollar had helped earnings.
+      Comalco's Commonwealth Aluminium Corp unit said earlier it
+  has conditionally agreed to sell its Goldendale smelter in
+  Washington, and port facilities at Portland, Oregon to Columbia
+  Aluminium Corp. Comalco said its extraordinary provision of
+  27.3 mln dlrs costs for Goldendale losses and closure may be
+  reduced if the sales agreement were completed.
+  
+
diff --git a/reuters/training/9381 b/reuters/training/9381
new file mode 100644
index 0000000000000000000000000000000000000000..8d9b96c26bba65b4f461186634348699e1054640
--- /dev/null
+++ b/reuters/training/9381
@@ -0,0 +1,13 @@
+HADSON <HADS> TO ACQUIRE 85 PCT OF SEAXE <SEAX>
+  Hadson Corp said it has signed a
+  definitive agreement to acquire 85 pct of the outstanding
+  common stock of Seaxe Energy Corp.
+      The company said it will buy the 85 pct interest in Seaxe
+  from shareholders owning restricted or controlled shares for
+  less than 200,000 Hadson common shares.
+      It said closing is subject to the approval of title
+  assignments by the French government.  Seaxe is involved in oil
+  and natural gas exploration and development in the Paris Basin
+  of France.
+  
+
diff --git a/reuters/training/9382 b/reuters/training/9382
new file mode 100644
index 0000000000000000000000000000000000000000..cd20c0c20b424354c10fab2c47bfc2a26ba5bc3a
--- /dev/null
+++ b/reuters/training/9382
@@ -0,0 +1,26 @@
+REUTERS TO BUY I P SHARP OF CANADA
+  Reuters Holdings Plc <RTRS.L> said it
+  had agreed in principle to buy <I P Sharp Associates Ltd> of
+  Toronto for 30.4 mln stg.
+      Sharp is a time-sharing network and database company
+  specialising in finance, economics, energy and aviation. It
+  operates a global packet-switching network and global limits
+  systems for foreign exchange trading.
+      Sharp shareholders will be offered cash, shares or a
+  mixture of the two in settlement. The acquisition, which is
+  subject to Canadian government approval, would be through
+  amalgamation into a specially-created company.
+      Reuters said it had been given options by a number of Sharp
+  shareholders covering 67 pct of the common stock pending
+  completion of a Reuters review of the company.
+      Sharp operates 38 offices in 20 countries. In 1986 it
+  reported revenue of 55 mln Canadian dlrs with a pretax loss of
+  1.6 mln compared with a 1.9 mln profit in 1985.
+      However, Sharp said that internal accounts showed the
+  company was in profit in the first two months of 1987.
+      End-1986 net assets totalled 11.85 mln dlrs.
+      A Reuters statement said the acquisition would fit
+  perfectly into its package for the banking and securities
+  industries.
+  
+
diff --git a/reuters/training/9383 b/reuters/training/9383
new file mode 100644
index 0000000000000000000000000000000000000000..8571de1b3466e984cfd80fa6bb6a4b680d42b808
--- /dev/null
+++ b/reuters/training/9383
@@ -0,0 +1,11 @@
+TCBY ENTERPRISES <TCBY> SPLITS STOCK
+  TCBY Enterprises Inc said its
+  board has approved a three-for-two split of its common stock
+  with a distribution to be made on April 24 to stockholders of
+  record on April 9.
+      The split will increase the number of outstanding shares to
+  over 26 mln from about 17.3 mln shares now, the company said.
+      TCBY Enetrprises is a franchisor and operator of retail
+  stores specializing in frozen yogurt-related treats.
+  
+
diff --git a/reuters/training/9385 b/reuters/training/9385
new file mode 100644
index 0000000000000000000000000000000000000000..7a51d79b33888e82565eccbca092305e5865c798
--- /dev/null
+++ b/reuters/training/9385
@@ -0,0 +1,6 @@
+RAYTHEON CO <RTN> SETS QUARTERLY
+  Qtly div 45 cts vs 45 cts prior
+      Pay April 30
+      Record April 10
+  
+
diff --git a/reuters/training/9388 b/reuters/training/9388
new file mode 100644
index 0000000000000000000000000000000000000000..a678ab4831b16d1e4826acb4b6fa6a9e2f218330
--- /dev/null
+++ b/reuters/training/9388
@@ -0,0 +1,20 @@
+P.H. GLATFELTER CO <GLP> INCREASES DIVIDEND
+  P.H. Glatfelter said its
+  board increased its quarterly dividend on its common stock to
+  14 cts per share, from 12.5 cts per share the prior quarter.
+      It said the dividend is payable May 1, 1987, to
+  shareholders of record April 15, 1987.
+      In addition, the company said it authorized the repurchase
+  of up to an additional one mln shares of its common stock.
+      On March 27, 1985, the board had authorized the repurchase
+  of up to two mln shares, as adjusted for a two-for-one split,
+  effected in April 1986, the company said.
+      The company said 521,508 shares may still be repurchased
+  under the 1985 authorization. It added any shares repurchased
+  would be added to the treasury and will be available for future
+  issuance.
+      The company said it has no present plans to issue any of
+  the shares which may be repurchased. The company said it
+  presently has 24,614,352 common shares outstanding.
+  
+
diff --git a/reuters/training/9389 b/reuters/training/9389
new file mode 100644
index 0000000000000000000000000000000000000000..edce0eabd52f42fc8ba93bc2482eccb1f0d819ae
--- /dev/null
+++ b/reuters/training/9389
@@ -0,0 +1,8 @@
+LIFE OF INDIANA CORP <LIFI> 4TH QTR LOSS
+  Shr loss 19 cts vs profit 57 cts
+      Net loss 103,005 vs profit 319,344
+      Year
+      Shr profit 22 cts vs profit 10 cts
+      Net profit 1,236,347 vs profit 570,222
+  
+
diff --git a/reuters/training/939 b/reuters/training/939
new file mode 100644
index 0000000000000000000000000000000000000000..288f00ce6c4100e9b941eca34c00c0cf44b914e2
--- /dev/null
+++ b/reuters/training/939
@@ -0,0 +1,14 @@
+ULTRAMAR SELLS U.K. MARKETING UNITS FOR 50 MLN STG
+  Ultramar Plc <UMAR.L> said it had reached
+  agreement in principle to sell its wholly owned U.K. Marketing
+  companies to Kuwait Petroleum Corp for around 50 mln stg.
+      Ultramar's marketing units include <Ultramar Golden Eagle
+  Ltd> which in 1985 made a profit of around 1.4 mln stg before
+  financing and group administration charges. A small loss was
+  recorded for the first nine months of 1986.
+      The sale is due to take place on April 1 with the proceeds
+  intended to reduce group debt in the short term. But Ultramar
+  said the funds would ultimately be used for further development
+  of its core businesses in the U.K. And North America.
+  
+
diff --git a/reuters/training/9392 b/reuters/training/9392
new file mode 100644
index 0000000000000000000000000000000000000000..8ca963963951e80f651f5c9a41af0b6adf1c6847
--- /dev/null
+++ b/reuters/training/9392
@@ -0,0 +1,11 @@
+CONSOLIDATED NOREX TO ACQUIRE TRIWEB RESOURCES
+  <Consolidated Norex Resources
+  Ltd> said it agreed to acquire all issued and outstanding
+  shares of Triweb Resources Ltd, a privately held oil and gas
+  company with land holdings and production base in Alberta and
+  Saskatchewan.
+      The company said specific details relating to purchase
+  price and other terms will be released on closing of the
+  transaction, expected by May 15.
+  
+
diff --git a/reuters/training/9393 b/reuters/training/9393
new file mode 100644
index 0000000000000000000000000000000000000000..ae7fc39fe9f1a942b3def0c54b1bfac02df6c26d
--- /dev/null
+++ b/reuters/training/9393
@@ -0,0 +1,19 @@
+THAI SUGAR PRODUCTION CONTINUES HIGH IN FEB
+  Thai sugar production continued at a
+  high level in February, latest figures received by the
+  International Sugar Organization (ISO) show.
+      The figures show stocks at end-February of 2.49 mln tonnes
+  raw value against 2.33 mln a year earlier. Analysts said this
+  was a new peak for the date.
+      Production in February was 961,000 tonnes against 888,000
+  in February 1986 and took the Nov/Feb total for the current
+  crop to 2.25 mln tonnes. Production normally tails off sharply
+  after March, but in recent years production from March to the
+  end of the crop has been over 500,000 tonnes, analysts said.
+      Thailand's exports in February were 32,800 tonnes and
+  consumption 57,800.
+      Last month the Thai Agriculture Ministry said 1986/87
+  production was expected to fall to 2.3 mln tonnes from 2.48 mln
+  in 1985/86.
+  
+
diff --git a/reuters/training/9397 b/reuters/training/9397
new file mode 100644
index 0000000000000000000000000000000000000000..f9840cbb0fdf8e5796eb1b83e61f8d4e16ca4549
--- /dev/null
+++ b/reuters/training/9397
@@ -0,0 +1,5 @@
+REICHHOLD CHEMICALS INC EXPLORING POSSIBLE SALE OF EUROPEAN SUBSIDIARY
+
+  REICHHOLD CHEMICALS INC EXPLORING POSSIBLE SALE OF EUROPEAN SUBSIDIARY
+  
+
diff --git a/reuters/training/9398 b/reuters/training/9398
new file mode 100644
index 0000000000000000000000000000000000000000..1c7d5b653a30ebafff76a2815ddb13054c61c5ee
--- /dev/null
+++ b/reuters/training/9398
@@ -0,0 +1,17 @@
+NY TRADERS EXPECT CHINA TO STEP UP SUGAR BUYING
+  Trade house sources said China is
+  expected to step up its sugar purchases following yesterday's
+  steep drop in world sugar prices.
+      The consensus is that the Chinese will buy between 200,000
+  and 400,000 tonnes of raw sugar.
+      "China is short of foreign exchange and a drop in prices is
+  usually taken as a buying opportunity by Peking," one trader
+  said.
+      Yesterday, prices on the New York world sugar market
+  plummeted by 0.58 to 0.50 cent on heavy liquidation by
+  speculators, disenchanted over the market's lack of rallying
+  power.
+      Speculation is that China will need the sugar for the
+  May/July period.
+  
+
diff --git a/reuters/training/9399 b/reuters/training/9399
new file mode 100644
index 0000000000000000000000000000000000000000..fe0d9c03af76daf98e8f81650ebce6e9229de0f8
--- /dev/null
+++ b/reuters/training/9399
@@ -0,0 +1,12 @@
+ROSS STORES INC <ROST> 4TH QTR JAN 31 LOSS
+  Shr loss 1.30 dlrs vs profit 29 cts
+      Net loss 33.4 mln vs profit 7,386,000
+      Sales 168.2 mln vs 128.4 mln
+      Year
+      Shr loss 1.61 dlrs vs profit 30 cts
+      Net loss 41.4 mln vs profit 7,055,000
+      Sales 527.5 mln vs 366.7 mln
+      NOTE: Latest year net both periods includes 39.4 mln dlr
+  provision for closing 25 underperforming stores.
+  
+
diff --git a/reuters/training/94 b/reuters/training/94
new file mode 100644
index 0000000000000000000000000000000000000000..60c7840213082621e3565e68951b5848af4d18b9
--- /dev/null
+++ b/reuters/training/94
@@ -0,0 +1,5 @@
+U.S. BANK DISCOUNT BORROWINGS AVERAGE 310 MLN DLRS IN FEB 25 WEEK, FED SAYS
+
+  U.S. BANK DISCOUNT BORROWINGS AVERAGE 310 MLN DLRS IN FEB 25 WEEK, FED SAYS
+  
+
diff --git a/reuters/training/940 b/reuters/training/940
new file mode 100644
index 0000000000000000000000000000000000000000..39b0d40f41cc0c0125f951cc20e777ce5fbcc16d
--- /dev/null
+++ b/reuters/training/940
@@ -0,0 +1,24 @@
+HONG KONG M3 RISES 2.2 PCT IN JANUARY
+  Hong Kong's broadly defined M3 money
+  supply rose 2.2 pct to 607.17 billion H.K. Dlrs in January,
+  after a 3.1 pct rise in December, for a year-on-year rise of
+  23.3 pct, the government said in a statement.
+      Local currency M3 rose 3.6 pct to 280.36 billion dlrs from
+  December when it was up 3.4 pct from November, for a rise of
+  16.3 pct on the year.
+      Total M2 rose 3.3 pct to 535.26 billion dlrs in January
+  from December when it rose 3.5 pct on the previous month. Local
+  M2 rose 4.7 pct to 249.03 billion dlrs in January from December
+  when it climbed 4.2 pct.
+      Total M2 and local M2 rose 32.5 pct and 23.9 pct on the
+  year-ago month, respectively.
+      Total M1 rose 12 pct to 62.84 billion dlrs in January after
+  a 5.0 pct rise the previous month. Local M1 rose 12.3 pct to
+  57.97 billion dlrs after a 6.2 pct rise. Total M1 and local M1
+  year-on-year growth was 32.5 and 32.6 pct, respectively.
+      Total loans and advances rose 3.3 pct to 517.19 billion
+  dlrs from December when they rose 1.2 pct.
+      Loans for financing Hong Kong's visible trade rose 3.4 pct
+  to 36.72 billion dlrs after a 1.8 pct rise in December.
+  
+
diff --git a/reuters/training/9403 b/reuters/training/9403
new file mode 100644
index 0000000000000000000000000000000000000000..0b669c3c1096de452fe5e17763add75bc63958ca
--- /dev/null
+++ b/reuters/training/9403
@@ -0,0 +1,29 @@
+NAVISTAR <NAV> STILL EXPECTS HIGHER 1987 NET
+  Navistar International Corp chairman
+  Donald Lennox repeated that benefits from recapitalization are
+  likely to boost future earnings for fiscal 1987.
+      Lennox told the annual meeting that future quarterly and
+  full year earnings from ongoing operations should be
+  "significantly above 1986 results."
+      In his remarks, Lennox said management has no plans to
+  recommend reinstatement of the company's common stock dividend
+  in the foreseeable future.
+      He said the outlook for the medium duty truck market
+  continues to point to little or no change. But recent order
+  receipts indicate a "firmer tone in the heavy duty truck
+  segment," which could result in a five to eight pct increase in
+  industry shipments for the full year, he said.
+      After restructuring under the holding company format, the
+  company's present truck and engine subsidiary will be known as
+  Navistar International Transportation Corp. Neil Springer
+  currently president and chief operating officer of Navistar
+  International was named chairman of the new subsidiary.
+      James Cotting, now vice chairman and chief financial
+  officer, was named to succeed Lennox as chairman and chief
+  executive officer of Navistar International Corp. Lennox will
+  retire March 31.
+      Shareholders at the meeting approved a change in the
+  company's structure to a holding company format, to be
+  effective April 1.
+  
+
diff --git a/reuters/training/9405 b/reuters/training/9405
new file mode 100644
index 0000000000000000000000000000000000000000..6829c637b3f09c8b08ea11d365d9bd5ea9bd80ed
--- /dev/null
+++ b/reuters/training/9405
@@ -0,0 +1,11 @@
+CORRECTED-LILLY INDUSTRIAL COATINGS INC <LICIA>
+  1st qtr Feb 28 end
+      Shr 18 cts vs 13 cts
+      Net 1,541,000 vs 1,122,000
+      Sales 39.7 mln vs 33.5 mln
+      Avg shrs 8,517,000 vs 8,441,000
+      NOTE: Share adjusted for five pct stock dividend in August
+  1986.
+      Company corrects current year sales.
+  
+
diff --git a/reuters/training/9406 b/reuters/training/9406
new file mode 100644
index 0000000000000000000000000000000000000000..dbfd5f4dea9168243b1747a1c4b9113991b855b6
--- /dev/null
+++ b/reuters/training/9406
@@ -0,0 +1,40 @@
+U.S. SENATE PANEL APPROVES TRADE MISSION BILL
+  The U.S. Senate Agriculture
+  Committee approved a bill that would establish farm trade and
+  aid missions to promote the use of U.S. food aid, donation,
+  credit and export subsidy programs by overseas customers.
+      The bill, approved by voice vote, would establish trade
+  missions made up of representatives of the Departments of
+  Agriculture and State, the Agency for International
+  Development, the Overseas Private Investment Corp, market
+  development cooperatives and private voluntary organizations.
+      At least 16 missions would have to be sent within one year
+  after enactment of the bill. The missions would promote U.S.
+  programs, including PL480, Section 416 donations, Export
+  Enhancement Program, the dairy export incentive program, and
+  export credit guarantee programs (GSM-102, GSM-103).
+      The panel agreed to drop a provision in the original bill,
+  offered by Sen. John Melcher (D-Mont.), that would have
+  required the U.S. Agriculture Department to donate at least one
+  mln tonnes of surplus commodities to developing countries.
+      Current law requires USDA to donate at least 750,000 tonnes
+  of surplus grains and dairy products under the Section 416 food
+  donation program.
+      The Congressional Budget Office estimated that the proposed
+  increase in the minimum tonnage requirement would have cost up
+  to 50 mln dlrs per year, Senate staff said.
+      The committee also dropped a provision identifying which
+  countries would be the focus of the trade missions' activities.
+      Under the bill adopted by the committee, countries "friendly
+  to the United States" would be eligible to host the trade
+  missions.
+      Melcher originally had proposed sending missions to Mexico,
+  the Philippines, Indonesia, Bangladesh, Senegal, Nigeria, Peru,
+  Kenya, the Dominican Republic, Costa Rica, Malaysia, Venezuela,
+  Tunisia and Morocco.
+      The bill also would require the Foreign Agricultural
+  Service, FAS, to have at least 850 full-time employees during
+  fiscal years 1987-89. As of February 28, FAS had 790 full-time
+  employees, a FAS spokesman said.
+  
+
diff --git a/reuters/training/9408 b/reuters/training/9408
new file mode 100644
index 0000000000000000000000000000000000000000..33841078c5a1f17d2dccece1deacbff1e89d406e
--- /dev/null
+++ b/reuters/training/9408
@@ -0,0 +1,37 @@
+BAT SHARES UNDERVALUED, SAY STOCK MARKET ANALYSTS
+  BAT Industries Plc <BTI.L> 1986 results,
+  which were at the upper end of market expectations, showed the
+  company was in a strong position and that its shares were
+  probably undervalued, share analysts said.
+      BAT shares were down at 524p in late afternoon trading
+  after a previous 535p close. They touched a high of 538p
+  earlier on news of a 19 pct rise in annual profits to 1.39
+  billion pre-tax.
+      Stock market analysts said today's generally weak stock
+  market plus unwinding of positions after heavy buying of BAT
+  shares in the run-up to the results caused the fall in the
+  share price.
+      "In the current market, people almost expect companies to
+  beat expectations," said one analyst, adding that pretax profits
+  of 1.35 to 1.40 billion stg had been forecast.
+      BAT's 1986 figure of 1.39 billion stg compared with a 1985
+  pretax profit of 1.17 billion.
+      Brokers noted that BAT's shift away from its
+  underperforming industries and the decreasing share of the
+  tobacco portion of the group were seen as good signs.
+      BAT Chairman Patrick Sheehy told a news conference that the
+  tobacco sector of the company had declined to 50 pct from 74
+  pct four years ago.
+      Sheehy said he could see the tobacco portion of the company
+  declining further as other sectors increased in importance.
+      He said BAT was looking to expand in the area of financial
+  services, in particular in the U.S.
+      Sheehy also said the group had "no sizeable acquisitions" in
+  sight in the near future.
+      Analysts said BAT's increasingly good performance in the
+  U.K. Insurance area was encouraging.
+      Its declining debt-to-equity ratio of currently about 16
+  pct also made it likely that BAT would soon be looking to make
+  major acquisitions, they said.
+  
+
diff --git a/reuters/training/941 b/reuters/training/941
new file mode 100644
index 0000000000000000000000000000000000000000..55875d4c7728d7c77599db4dfb546d0aae2f9a65
--- /dev/null
+++ b/reuters/training/941
@@ -0,0 +1,14 @@
+WOOLWORTH, UNDERWOODS FAIL TO AGREE ON BID
+  <Underwoods Plc> said it had not been
+  possible to agree terms on a bid to be made by Woolworth
+  Holdings Plc <WLUK.L> during talks.
+      The two companies had been holding exploratory discussions.
+  No spokesman for either company was immediately available to
+  say why terms could not be agreed, nor whether the possibility
+  of a bid was now being abandoned.
+      Last week, Underwoods shares rose 49p to 237p ahead of any
+  announcement of the talks. The announcement today brought them
+  back down to 214p from last night's close at 241p. Woolworth
+  was unchanged at 758p.
+  
+
diff --git a/reuters/training/9410 b/reuters/training/9410
new file mode 100644
index 0000000000000000000000000000000000000000..b28f3379036d7e60a7d40e51255d1083fe0650d0
--- /dev/null
+++ b/reuters/training/9410
@@ -0,0 +1,12 @@
+REICHHOLD <RCI> EXPLORING SALE OF EUROPEAN UNIT
+  Reichhold Chemicals Inc said
+  it is exploring the sale of its stake in its European
+  subsidiary Reichhold Chemie AG.
+      Reichhold Chemie Ag, headquartered in Rausen, Switzerland,
+  had sales in excess of 75 mln dlrs last year. It is 83 pct
+  owned by Reichhold. The rest is owned by German and Swiss
+  shareholders.
+      Reichhold said it is seeking the sale to focus on its
+  adhesives business.
+  
+
diff --git a/reuters/training/9412 b/reuters/training/9412
new file mode 100644
index 0000000000000000000000000000000000000000..9e1ec24ceb82691bec06f788e47cd39a32a179dd
--- /dev/null
+++ b/reuters/training/9412
@@ -0,0 +1,5 @@
+UAL SAID DONALD TRUMP WAS INTERESTED IN UAL STOCK "AS INVESTMENT"
+
+  UAL SAID DONALD TRUMP WAS INTERESTED IN UAL STOCK "AS INVESTMENT"
+  
+
diff --git a/reuters/training/9413 b/reuters/training/9413
new file mode 100644
index 0000000000000000000000000000000000000000..d1725374547125759e9ff3bfdc3af21561150bc6
--- /dev/null
+++ b/reuters/training/9413
@@ -0,0 +1,12 @@
+INT'L BROADCASTING <IBCA> SETS REVERSE SPLIT
+  International Broadcasting
+  Corp said shareholders at its annual meeting approved a one for
+  25 reverse stock split.
+      The split will be effective after completion of filing
+  requirements, it said. New certificates will be needed, it
+  added.
+      The media company said it currently has 40,950,000 common
+  shares issued and outstanding and, upon completion of the
+  reverse split, will have 1,638,000 shares outstanding.
+  
+
diff --git a/reuters/training/9414 b/reuters/training/9414
new file mode 100644
index 0000000000000000000000000000000000000000..44846bddd670883aee340cdd67c29fb82a581e3b
--- /dev/null
+++ b/reuters/training/9414
@@ -0,0 +1,10 @@
+BI INC <BIAC> SETS REVERSE SPLIT
+  BI Inc said it is implementing a
+  one-for-15 reverse split to shareholders of record today.
+      It said any fractional shares will be redeemed for cash,
+  reducing its free-trading stock in public hands to 1,300,000
+  shares from 20 mln and its total shares outstanding to
+  1,993,000 from 29.9 mln.
+      Shareholders approved the reverse split in October.
+  
+
diff --git a/reuters/training/9415 b/reuters/training/9415
new file mode 100644
index 0000000000000000000000000000000000000000..ea74dc7475b752baf8c34228ae35dba57e6a16ab
--- /dev/null
+++ b/reuters/training/9415
@@ -0,0 +1,24 @@
+BALDRIGE SAYS JAPAN MUST OPEN ITS MARKETS
+  Commerce Secretary Malcolm Baldrige
+  said the United States will not stand idly by and let Japan
+  dominate the world electronics market.
+      Baldrige told the Senate Finance Committee the United
+  States would insist Japan open its markets to U.S. products as
+  the U.S. market is open to Japanese products.
+      Asked after his testimony if this meant the United States
+  would close its markets to Japan if they did not open theirs,
+  Baldrige said, "I'm not prepared to say that, but it certainly
+  would be one of the alternatives studied."
+      Baldrige said in his testimony Japan had a closed
+  supercomputer market and a restricted telecommunications
+  market.
+      "I can only conclude that the common objective of the
+  Japanese government and industry is to dominate the world
+  electronics market. Given the importance of this market to U.S.
+  industry in general and our defense base in particular, we
+  cannot stand by idly," he said.
+      He said it was these concerns about national security which
+  led him to express reservations over the proposed acquisition
+  of Fairchild Semiconductor by Fujitsu of Japan.
+  
+
diff --git a/reuters/training/9417 b/reuters/training/9417
new file mode 100644
index 0000000000000000000000000000000000000000..5512cddb4fb3172585eb17e8361a87835b73607d
--- /dev/null
+++ b/reuters/training/9417
@@ -0,0 +1,6 @@
+BASF CORP YEAR NET
+  Net 105 mln dlrs vs 39 mln
+      Sales 3.6 billion vs 2.6 billion
+      NOTE: Wholly-owned by <BASF AG> of West Germany.
+  
+
diff --git a/reuters/training/942 b/reuters/training/942
new file mode 100644
index 0000000000000000000000000000000000000000..90f9953d994dc4d92e547ac90e45c3e5d1bfb3fe
--- /dev/null
+++ b/reuters/training/942
@@ -0,0 +1,35 @@
+NO BUNDESBANK POLICY CHANGES EXPECTED THURSDAY
+  The Bundesbank is unlikely to change
+  its credit policies at its central bank council meeting on
+  Thursday, as exchange rates and short-term interest rates have
+  stabilized over the past few weeks, money market dealers said.
+      Attention in the money market is focused on tomorrow's
+  tender for a securities repurchase pact, from which funds will
+  be credited on Thursday, when an earlier pact expires, draining
+  16 billion marks from the system.
+      The tender was announced last Friday, because carnival
+  festivities closed banks in Duesseldorf yesterday, and will
+  close banks here this afternoon.
+      Because of the disruption to business from carnival,
+  minimum reserve figures for the start of the month are
+  unrealistic, making it difficult for banks to assess their
+  needs at the tender.
+      Dealers said the Bundesbank would want to inject enough
+  liquidity in this week's pact to keep short-term rates down.
+      But because of uncertainty about banks' current holdings,
+  the Bundesbank may well allocate less than 16 billion marks
+  this week, and top it up if necessary at next week's tender.
+      "I would not be surprised if the Bundesbank cuts the amount
+  a little, to say 14 or 15 billion marks," one dealer said.
+      "They would then stock it up at the next tender when the
+  need is clearer," he added.
+      An earlier pact expires next week, draining 8.5 billion
+  marks from the system. Banks also face a heavy but temporary
+  drain this month from a major tax deadline for customers.
+      Banks held 52.0 billion marks on February 27 at the
+  Bundesbank, averaging 51.0 billion over the whole month, just
+  clear of the 50.5 billion February reserve requirement.
+      Call money traded today at 3.85/95 pct, up from 3.80/90
+  yesterday.
+  
+
diff --git a/reuters/training/9422 b/reuters/training/9422
new file mode 100644
index 0000000000000000000000000000000000000000..f8a0bc73bdc51dd13b61b66e60cc1c4d7a870577
--- /dev/null
+++ b/reuters/training/9422
@@ -0,0 +1,6 @@
+MONTANA POWER CO <MTP> VOTES QUARTERLY DIVIDEND
+  Qtly div 67 cts vs 67 cts prior qtr
+      Pay 30 April
+      Record 10 April
+  
+
diff --git a/reuters/training/9423 b/reuters/training/9423
new file mode 100644
index 0000000000000000000000000000000000000000..f2dffc9ac71a0d66cae2d21faab31f018aea8046
--- /dev/null
+++ b/reuters/training/9423
@@ -0,0 +1,17 @@
+UAL <UAL> SAID TRUMP TALKED WITH UAL CHAIRMAN
+  Real estate magnate Donald Trump told
+  UAL Inc Chairman Richard Ferris that he was interested in UAL
+  stock as an investment, according to a UAL executive.
+      Trump, who was unavailable for comment, is believed by
+  market sources to have a sizeable position in UAL, which he
+  began accumulating several weeks ago. UAL stock today was up
+  three at 63 in active trading.
+      "They (ferris and Trump) talked last week. Apparently,
+  Trump said he was interested in it as an investment. He didn't
+  say how much stock he had. He didn't say what he would or
+  wouldn't do about it," said UAL senior vice president Kurt
+  Stocker.
+      Trump is believed to have close to five pct of UAL's stock,
+  market sources said.
+  
+
diff --git a/reuters/training/9425 b/reuters/training/9425
new file mode 100644
index 0000000000000000000000000000000000000000..bff465ab30c66ea7e4546ca0f1827d90e8ab5642
--- /dev/null
+++ b/reuters/training/9425
@@ -0,0 +1,10 @@
+TEAM INC <TMI> 3RD QTR FEB 28 NET
+  Shr profit five cts vs loss 18 cts
+      Net profit 91,000 vs loss 355,000
+      Revs 11.5 mln vs 11.7 mln
+      Nine mths
+      Shr profit six cts vs loss 1.45 dlrs
+      Net profit 127,000 vs loss 2,846,000
+      Revs 31.8 mln vs 34.9 mln
+  
+
diff --git a/reuters/training/9426 b/reuters/training/9426
new file mode 100644
index 0000000000000000000000000000000000000000..2009543f736cb1abcbbffe707ba4a152761cc7b9
--- /dev/null
+++ b/reuters/training/9426
@@ -0,0 +1,5 @@
+TODD SHIPYARDS CORP OMITS QTLY COMMON DIV, SETS PREFERRED PAYOUT
+
+  TODD SHIPYARDS CORP OMITS QTLY COMMON DIV, SETS PREFERRED PAYOUT
+  
+
diff --git a/reuters/training/9427 b/reuters/training/9427
new file mode 100644
index 0000000000000000000000000000000000000000..575f20c85c190e7418ec6ea52ed4f4dd147f8546
--- /dev/null
+++ b/reuters/training/9427
@@ -0,0 +1,13 @@
+RSI CORP <RSIC> 2ND QTR FEB 28 NET
+  Shr 33 cts vs 13 cts
+      Net 2,266,000 vs 849,000
+      Revs 24.1 mln vs 16.0 mln
+      1st half
+      Shr 61 cts vs 24 cts
+      Net 4,236,000 vs 1,619,000
+      Revs 47.4 mln vs 33.5 mln
+      NOTE: Share after stock splits.
+      Net includes discontinued operations loss four cts shr vs
+  nil in quarter and loss seven cts vs gain one ct in half.
+  
+
diff --git a/reuters/training/9428 b/reuters/training/9428
new file mode 100644
index 0000000000000000000000000000000000000000..b8c4db550b28e4cbbe79b5ea4294d169e02118b1
--- /dev/null
+++ b/reuters/training/9428
@@ -0,0 +1,6 @@
+RCM TECHNOLOGIES INC <RCMT> 1ST QTR JAN 31 LOSS
+  Shr loss one ct vs loss one ct
+      Net loss 89,844 vs loss 85,731
+      Revs 3,384,726 vs 4,646,285
+  
+
diff --git a/reuters/training/9429 b/reuters/training/9429
new file mode 100644
index 0000000000000000000000000000000000000000..901871d8a35ff1db18067203691b6cb492f0fad5
--- /dev/null
+++ b/reuters/training/9429
@@ -0,0 +1,9 @@
+MCCLAIN INDUSTRIES INC <MCCL> 1ST QTR DEC 31 NET
+  Shr 24 cts vs 13 cts
+      Net 380,325 vs 211,183
+      Sales 5,046,578 vs 3,941,764
+      NOTE: Current year net includes gain from sale of Sterling
+  Heights, Mich., plant of 174,000 dlrs.  Another 698,000 dlrs of
+  gain from sale sale has been treated as deferred income.
+  
+
diff --git a/reuters/training/943 b/reuters/training/943
new file mode 100644
index 0000000000000000000000000000000000000000..0971d4f4e0b19f7e6da568e52d9ace635e6ad0d4
--- /dev/null
+++ b/reuters/training/943
@@ -0,0 +1,6 @@
+U.K. MONEY MARKET SHORTAGE FORECAST REVISED UP
+  The Bank of England said it revised up
+  its forecast of the shortage in the money market today to
+  around 500 mln stg from its initial estimate of 350 mln.
+  
+
diff --git a/reuters/training/9431 b/reuters/training/9431
new file mode 100644
index 0000000000000000000000000000000000000000..8fd8e9bf4ca76c172710ea929c86a3044996e678
--- /dev/null
+++ b/reuters/training/9431
@@ -0,0 +1,7 @@
+SYNALLOY <SYO> ENDS PLANS TO SELL UNIT
+  Synalloy Corp said it has
+  ended talks on the sale of its Blackman Uhler Chemical Division
+  to Intex Products Inc because agreement could not be reached.
+      The company said it does not intend to seek another buyer.
+  
+
diff --git a/reuters/training/9432 b/reuters/training/9432
new file mode 100644
index 0000000000000000000000000000000000000000..f5625e4d34345ea952f706c4f53d8f1b337c6140
--- /dev/null
+++ b/reuters/training/9432
@@ -0,0 +1,11 @@
+C-I-L ACQUIRING TRIMAC'S STAKE IN TRICIL
+  <C-I-L Inc> said it would exercise its
+  right to acquire <Trimac Ltd>'s stake in their jointly owned
+  Tricil Ltd for 91 mln dlrs, with closing expected May 22.
+      C-I-L added that the final price could be less, however,
+  depending on an Ontario court ruling resulting from a
+  previously reported legal action launched by C-I-L.
+      Mississauga, Ontario-based Tricil is a waste management
+  company with operations in the U.S. and Canada.
+  
+
diff --git a/reuters/training/9433 b/reuters/training/9433
new file mode 100644
index 0000000000000000000000000000000000000000..af22fd018ea66aee991eeb1d830f70ae419122e3
--- /dev/null
+++ b/reuters/training/9433
@@ -0,0 +1,14 @@
+EC INFLATION STARTS TO RISE AGAIN IN FEBRUARY
+  Inflation in the European Community,
+  which fell to its lowest since the 1960s between November and
+  January, started to take off again last month, figures from the
+  EC statistics office Eurostat showed.
+      Consumer prices were on average three pct higher than in
+  February 1986, the office said. This compared with a year on
+  year rise of 2.7 pct in January, the lowest for 25 years, and
+  was the highest figure since October.
+      Prices rose in February by 0.3 pct from January, after
+  rises of 0.4 pct in January and of 0.2 pct in each of the last
+  three months of 1986.
+  
+
diff --git a/reuters/training/9434 b/reuters/training/9434
new file mode 100644
index 0000000000000000000000000000000000000000..8c853953dc127d923c512e483f266419c0756f8e
--- /dev/null
+++ b/reuters/training/9434
@@ -0,0 +1,12 @@
+PANTERA'S <PANT> TO BUY TEN PIZZA RESTAURANTS
+  Pantera's Corp said it agreed to
+  buy ten pizza restaurants in southeastern Colorado from
+  creditors foreclosing on the facilities.
+      The purchase price includes 1.25 mln dlrs in cash and
+  company stock, it said.
+      Separately, Pantera's said it issued an area development
+  agreement with a franchisee group for northeastern Colorado,
+  including the Denver area, for the opening of about 20
+  franchised Pantera's pizza restaurants.
+  
+
diff --git a/reuters/training/9435 b/reuters/training/9435
new file mode 100644
index 0000000000000000000000000000000000000000..a1746b271bf7568863aef0982efd00611edd87f6
--- /dev/null
+++ b/reuters/training/9435
@@ -0,0 +1,5 @@
+ALLIED-SIGNAL INC TO SELL LINOTYPE GROUP TO COMMERZBANK OF WEST GERMANY
+
+  ALLIED-SIGNAL INC TO SELL LINOTYPE GROUP TO COMMERZBANK OF WEST GERMANY
+  
+
diff --git a/reuters/training/9436 b/reuters/training/9436
new file mode 100644
index 0000000000000000000000000000000000000000..a0cd4d3ae3566478dce04e17e5559b3464975297
--- /dev/null
+++ b/reuters/training/9436
@@ -0,0 +1,66 @@
+ENERGY/U.S. OIL OUTPUT
+  Energy Secretary John Herrington has
+  proposed several ways to boost U.S. oil production, but he said
+  all would cost the Treasury money and will come under close
+  White House scrutiny before action is taken.
+      One measure he said he favored would raise the depletion
+  allowance to 27.5 pct on new oil and gas production as well as
+  production using enhanced extraction methods.
+      Herrington said such a plan would cost 200 mln dlrs a year.
+  The White House, reacting, said it did not favor amending the
+  tax code, but would look at the proposal.
+      Herrington's proposals to spur production were made along
+  with the release last week of the energy department's report on
+  energy and the national security.
+      The report said U.S. oil imports, rapidly rising, could hit
+  50 pct by the mid 1990s and have potentially damaging
+  implications for national security.
+      He has said since in speeches and at news conferences that
+  any plan he would back to spur lagging domestic oil production
+  would have to meet three criteria--increase production, not
+  cause economic dislocation, and be low cost to the taxpayer.
+      Herrington said an import fee would meet the first test,
+  spurring production but fail the second and third.
+      He said it would raise production and return 120,000 oil 
+  workers to their jobs, but at the same time it lifted oil
+  prices, the higher prices would cost 400,000 jobs nationwide
+  and cut the gross national product by 32 billion dlrs.
+      A tax on gasoline, he said, would fail the first criteria
+  by not increasing domestic production.
+      In any case, U.S. officials say, President Reagan remains
+  firmly opposed to an import fee and a gasoline tax.
+      Options which meet Herrington's criteria include:
+      - Loan-price guarantees to shield banks from defaults by
+  borrowers because of lower oil prices. It was estimated that if
+  oil fell to five dlrs a barrel it could trigger defaults that
+  could cost the government an estimated 15 billion dlrs.
+      - A five pct tax credit for exploration and development. It
+  would raise oil and gas production the equivalent of 325,000
+  barrels a day, at a cost of 740 mln dlrs a year.
+      - A five pct credit only for geological and geophysical
+  expenditures. It would increase production by 80,000 barrels a
+  day, at a cost of 65 mln dlrs.
+      - Lower bid minimums on outer continental shelf acreage to
+  spur exploration. A drop from the present 150 dlrs per acre for
+  the typical 5,760 acre tract to 25 dlrs per acre would lower
+  the cost of the standard tract lease to 144,000 dlrs.
+      Herrington also pressed anew for existing Administration
+  proposals to deregulate natural gas, which he said would cut
+  the need for imported oil by 300,000 barrels daily.
+      He also called again for Congressional approval to explore
+  off the continental shelf, which may hold more than 12 billion
+  barrels of oil, and the Arctic National Wildlife Refuge, which
+  may hold nine billion barrels.
+      Herrington said he understood the Reagan's reluctance to 
+  amend the newly enacted tax code to fund some of these
+  proposals, but added he hoped his department's energy/security
+  study would make a strong case for the need to help the
+  struggling domestic oil industry.
+      Another move Herrington said he will press anew, even
+  though it had been rejected earlier by the White House, is to
+  raise the fill-rate for the Strategic Petroleum Reserve to
+  100,000 barrels a day from its planned 1988 rate of 35,000.
+      This, he said, would further bolster national security in
+  case of an oil-supply disruption.
+  
+
diff --git a/reuters/training/9437 b/reuters/training/9437
new file mode 100644
index 0000000000000000000000000000000000000000..a621fcb0030a2a204a0485d7e216811e3f991e43
--- /dev/null
+++ b/reuters/training/9437
@@ -0,0 +1,26 @@
+TODD SHIPYARDS <TOD> OMITS COMMMON DIVIDEND
+  Todd Shipyards Corp said it
+  omitted payment of the quarterly dividend on its common stock
+  and lowered the dividend on its series A preferred stock to 75
+  cts from 77 cts a share.
+      Todd said the 75 ct preferred dividend will be paid May one
+  to shareholders of record April 15.
+      The company said it omitted the common dividend to cover
+  both losses from a commercial ship conversion contract and
+  increased reserves for previously announced discontinued
+  shipyard operations.
+      In addition, the company said its lenders agreed to
+  temporarily reduce the net worth requirement of its revolving
+  credit and term-loan pact to 140 mln dlrs from 130 mln.
+      The reduction will hold through May 15, it said.
+      Todd said the reduction in the net worth requirement
+  allowed for the payment of the preferred dividend and prevented
+  it from violating covenants of its credit agreement.
+      The company said it is also negotiating with its lenders to
+  extend the reduced net worth terms beyond May 15.
+      Todd added that it has suffered financially because of the
+  U.S. Navy's unwillingness to release certain retentions under
+  completed ship construction contracts and a general decrease in
+  U.S. military spending.
+  
+
diff --git a/reuters/training/9438 b/reuters/training/9438
new file mode 100644
index 0000000000000000000000000000000000000000..2903cd3d1e8e1bcef43a75c5e8eb4358ea931a26
--- /dev/null
+++ b/reuters/training/9438
@@ -0,0 +1,6 @@
+IMO DELAVAL <IMD> SETS INITIAL DIVIDEND
+  Imo Delaval said its board
+  declared an initial quarterly dividend of 14 cts per share,
+  payable April 24 to holders of record on April 6.
+  
+
diff --git a/reuters/training/944 b/reuters/training/944
new file mode 100644
index 0000000000000000000000000000000000000000..49b282a0d8c258e951c5c5bb3316572309e0687f
--- /dev/null
+++ b/reuters/training/944
@@ -0,0 +1,7 @@
+PAKISTAN TO RETENDER FOR RBD PALM OIL TOMORROW
+  Pakistan will retender for 6,000 tonnes
+  of refined bleached deodorised palm oil for second half March
+  shipment tomorrow, after failing to take up offers today, palm
+  oil traders said.
+  
+
diff --git a/reuters/training/9441 b/reuters/training/9441
new file mode 100644
index 0000000000000000000000000000000000000000..55c51e0408582d72d23f31aac4de2d6a02230b41
--- /dev/null
+++ b/reuters/training/9441
@@ -0,0 +1,12 @@
+NATIONAL COMPUTER SYSTEMS INC <NLCS>4TH QTR NET
+  Shr 25 cts vs 31 cts
+      Net 4,798,000 vs 5,380,000
+      Revs 65.3 mln vs 58.2 mln 
+      Avg shrs 19.2 mln vs 17.5 mln
+      Year
+      Shr 84 cts vs 89 cts
+      Net 15,750,000 vs 15,191,000
+      Revs 262.1 mln vs 215.8 mln
+      Avg shrs 18.8 mln vs 17.1 mln
+  
+
diff --git a/reuters/training/9443 b/reuters/training/9443
new file mode 100644
index 0000000000000000000000000000000000000000..f5fcdd7da93024e1bc6d1f89545fbc7b4437139d
--- /dev/null
+++ b/reuters/training/9443
@@ -0,0 +1,20 @@
+ALLIED-SIGNAL <ALD> TO SELL LINOTYPE UNIT
+  Allied-Signal Inc said it
+  agreed to sell its Linotype Group unit to <Commerzbank AG>
+  of West Germany for an undisclosed amount.
+      Allied-Signal said Commerzbank is expected to offer shares
+  of the unit to the public later this year.
+      The company said the agreement is subject to approval by
+  the government and its shareholders.
+      The Linotype unit, based in Eschborn, West Germany, had
+  revenues in 1986 of more than 200 mln dlrs, the company said.
+      The company said top management of Linotype plan to remain
+  with the unit, which has operations in the United States, West
+  Germany and the United Kingdom.
+      Allied-Signal announced in December that it planned to sell
+  the Linotype unit as well as six other businesses in its
+  electronics and instrumentation segment.
+      Linotype is a supplier of type and graphics composition
+  systems.
+  
+
diff --git a/reuters/training/9444 b/reuters/training/9444
new file mode 100644
index 0000000000000000000000000000000000000000..27d3b6ba2e85047815a40e0120ea8cf74fe6b559
--- /dev/null
+++ b/reuters/training/9444
@@ -0,0 +1,10 @@
+CONTINENTAL HEALTH AFFILIATES INC <CTHL> 4TH QTR
+  Shr 10 cts vs five cts
+      Net 512,000 vs 230,000
+      Revs 16.8 mln vs 9,025,000
+      Year
+      Shr 55 cts vs 34 cts
+      Net 2,662,000 vs 1,541,000
+      Revs 57.5 mln vs 32.3 mln
+  
+
diff --git a/reuters/training/9445 b/reuters/training/9445
new file mode 100644
index 0000000000000000000000000000000000000000..e7a6c85d3e1ed7d2a07a0730019f27602003149f
--- /dev/null
+++ b/reuters/training/9445
@@ -0,0 +1,42 @@
+CANADA SETS OIL INDUSTRY AID PACKAGE
+  Canada's federal government
+  will provide a 350 mln dlr oil industry aid package that
+  includes cash incentives designed to cover one-third of a
+  company's oil and gas exploration and development costs, Energy
+  Minister Marcel Masse announced.
+      The aid program will inject about 350 mln dlrs a year into
+  the oil and gas industry and could lead to more than one
+  billion dlrs in new investment, Masse told a news conference.
+      The program will affect drilling done anywhere in Canada on
+  or after April 1, 1987.
+      Masse told reporters that the government's oil industry aid
+  package is aimed at small and medium sized companies.
+      The aid package, called the Canadian Exploration and
+  Development Incentive Program, will restrict the total payments
+  that any individual company can claim to 10 mln dlrs a year.
+      Masse said the program will probably generate new
+  employment equivalent to 20,000 people working for a year.
+      He said oil industry aid is needed because exploration and
+  development spending dropped by at least 50 pct since world oil
+  prices fell during the first half of 1986.
+      Energy Minister Masse said the federal government decided
+  to provide cash incentives so a large number of non-tax paying
+  companies, mainly small Canadian firms, will receive the full
+  value of the incentive. Such companies would not immediately
+  benefit from tax benefits, he said.
+      The federal government also wanted to deliver an aid
+  program outside the tax system. Finance Minister Michael Wilson
+  is now reviewing Canada's tax system and plans to announce tax
+  reform proposals later this spring.
+      An important feature of the aid program is a decision to
+  let companies issue flow-through shares, allowing investors to
+  benefit from the subsidy rather than restricting benefits to
+  only participating companies, he said.
+      Allowing flow-through shares under the program will make it
+  easier for companies to attract investors in exploration and
+  development, Masse said.
+      He told reporters his department is still considering
+  whether to allow partnerships and other entities to qualify for
+  the subsidy.
+  
+
diff --git a/reuters/training/945 b/reuters/training/945
new file mode 100644
index 0000000000000000000000000000000000000000..53b6a8d7916d1eb2d3251633af984ddba3b5c07f
--- /dev/null
+++ b/reuters/training/945
@@ -0,0 +1,13 @@
+MOBIL PLANS TO OPEN OFFICE IN PEKING
+  Mobil Oil Corp of U.S. Plans to open an
+  office in Peking to develop oil exploration opportunities in
+  China, the China Daily said.
+       It quoted Mobil president Richard Tucker, currently in
+  Peking, as saying he is optimistic about investment prospects
+  in China and that Peking will continue to encourage foreign
+  private businesses to invest here.
+       It said Mobil bought 73 mln dlrs of crude oil and oil
+  products from China in 1986 and sold it lubricant and
+  fertiliser, but gave no more details.
+  
+
diff --git a/reuters/training/9450 b/reuters/training/9450
new file mode 100644
index 0000000000000000000000000000000000000000..8d5c975860211e6005ae23a4d2388b69d27f576c
--- /dev/null
+++ b/reuters/training/9450
@@ -0,0 +1,21 @@
+COCOA TALKS SLOW AT CRUCIAL STAGE - DELEGATES
+  International Cocoa Organization (ICCO)
+  talks on buffer stock rules have slowed during a crucial phase
+  of negotiations, delegates said, but they remained confident
+  about prospects for reaching agreement by Friday.
+      Cocoa producers, European Community (EC) consumers and all
+  consumers separately reviewed technical details of a buffer
+  stock rules package distributed yesterday.
+      The buffer stock working group of consumers and producers
+  was set to meet later today to debate the proposal jointly for
+  the first time, they said.
+      Delegates said major sticking points were likely to be the
+  amount of non-member cocoa allowed to be bought for the buffer
+  stock, and the fixed price differentials at which different
+  origin cocoas will be offered to the buffer stock manager.
+      Producers would prefer that non-member cocoa not be
+  included in the buffer stock because, if it is, countries such
+  as Malaysia benefit from the cocoa agreement without joining
+  it, the delegates said.
+  
+
diff --git a/reuters/training/9453 b/reuters/training/9453
new file mode 100644
index 0000000000000000000000000000000000000000..85b7dd9c085ffa9ad3917b5d54ab3dbeabd7b52d
--- /dev/null
+++ b/reuters/training/9453
@@ -0,0 +1,9 @@
+NEWMONT GOLD <NGC> SEES GOLD SALES RISING
+  Newmont Gold Corp expects gold sales
+  in 1987 to rise about 22 pct to 577,000 ounces from 1986's
+  474,000 ounces, the company said in its annual report.
+      Newmont Gold, 95 pct owned by Newmont Mining Corp <NEM>,
+  said it expects significant increases in gold sales in 1988 and
+  1989 as well.
+  
+
diff --git a/reuters/training/9454 b/reuters/training/9454
new file mode 100644
index 0000000000000000000000000000000000000000..84579c67a6639e487ee936b78b0de708b8f3595e
--- /dev/null
+++ b/reuters/training/9454
@@ -0,0 +1,21 @@
+MESSIDOR TO MERGE WITH TRITON BELEGGINGEN
+  Messidor Ltd said it signed a letter
+  of intent to acquire 100 pct of the outstanding shares of
+  Triton Beleggineng Nederland B.V., a European investment
+  portfolio management company.
+      If approved, two mln shares of stock held by the Messidor
+  Ltd officers and directors would be issued to Triton
+  shareholders.
+      Triton will become a subsidiary of Messidor, it said.
+      If approved, the president of Triton, Hendrik Bokma, will
+  be nominated as chairman of the combined company.
+      There are about 1.5 mln Messidor units issued to the public
+  consisting of one share of common stock, four Class A common
+  stock warrants, four class B common stock warrants and four
+  class C common stock warrants.
+      In addition there are four mln restricted shares
+  outstanding.
+      Messidor said the acquisition is expected to be completed
+  by June three.
+  
+
diff --git a/reuters/training/9463 b/reuters/training/9463
new file mode 100644
index 0000000000000000000000000000000000000000..e453ac3cfaef62cc193ae2f90e68b52a7b28be97
--- /dev/null
+++ b/reuters/training/9463
@@ -0,0 +1,5 @@
+ENCOR ENERGY CORP INC YR NET LOSS 406.6 MLN VS PROFIT 35.4 MLN
+
+  ENCOR ENERGY CORP INC YR NET LOSS 406.6 MLN VS PROFIT 35.4 MLN
+  
+
diff --git a/reuters/training/9465 b/reuters/training/9465
new file mode 100644
index 0000000000000000000000000000000000000000..74720b71604b71fe94538877a3fca7d1def9c490
--- /dev/null
+++ b/reuters/training/9465
@@ -0,0 +1,27 @@
+MIDDLE SOUTH <MSU> TO FORM NEW DIVIDEND POLICY
+  Middle South Utilities Inc is taking a
+  conversative approach to formulating a new common stock
+  dividend policy, chairman Edwin Lupberger said.
+      He told securities analysts that when the company's common
+  dividend is resumed, "the initial rate will appear conservative
+  to you by industry standards and in relation MSU's net income
+  and cash flow."
+      "Our progress will determine how soon we can reinstate a
+  dividend to our common stockholders, he said."
+      The company last paid a common dividend of 44.5 cts a share
+  in July 1985.
+      Lupberger told the analysts that the company's primary
+  objective is "to create financial strength, enough strength so
+  that what happened to us and our stockholders over the past
+  couple of years never happens again."
+      The company has faced regulatory challenges to rates
+  proposed to cover the cost of its Grand Gulf nuclear plant.
+      He said Middle South's net income is expected to post
+  "modest growth" over the next three years.
+      In 1986, the company earned 451.3 mln dlrs or 2.21 dlrs a
+  share on revenues of 3.49 billion dlrs.
+      Lupberger said, "A good portion of the improvement
+  projected for the next three years comes from keeping the lid
+  on operating and maintenance expenses."
+  
+
diff --git a/reuters/training/9469 b/reuters/training/9469
new file mode 100644
index 0000000000000000000000000000000000000000..12449a970ee617b74ea3afd6a6d3aa2a7e76ecdc
--- /dev/null
+++ b/reuters/training/9469
@@ -0,0 +1,5 @@
+TWA SOLD FOUR MLN SHARES OF USAIR BELIEVED TO INSTITUTIONS, WALL STREET SOURCES
+
+  TWA SOLD FOUR MLN SHARES OF USAIR BELIEVED TO INSTITUTIONS, WALL STREET SOURCES
+  
+
diff --git a/reuters/training/9470 b/reuters/training/9470
new file mode 100644
index 0000000000000000000000000000000000000000..7eb7a7f58b9c958ad3eebe3a564bb705d3005912
--- /dev/null
+++ b/reuters/training/9470
@@ -0,0 +1,83 @@
+U.S. SUGAR POLICY MAY SELF-DESTRUCT, CONGRESSMAN
+  A leading U.S. farm-state
+  Congressman, Jerry Huckaby, D-La., warned he will press next
+  year for legislation to control domestic production of
+  sweeteners, perhaps including corn sweeteners, if the industry
+  fails to voluntarily halt output increases this year.
+      "We're moving toward a direction where we could
+  self-destruct (the U.S. sugar program)," Rep. Huckaby, chairman
+  of the House agriculture subcommittee dealing with sugar
+  issues, told Reuters in an interview.
+      Huckaby, who told U.S. sugarbeet growers earlier this year
+  they must halt production increases, said he will deliver the
+  same message to Louisiana sugarcane growers Friday. He also
+  said he will soon talk with corn refiners on the subject.
+      Huckaby said the campaign to urge a halt to domestic
+  sweetener output increases is an effort to forestall further
+  cuts in the sugar import quota, now at one mln short tons.
+      "I think if we're talking about dropping (the quota)
+  another half mln tons, lets say, you're getting to the point
+  where the program might not work," he said.
+      "Ideally, I'd like to freeze things right where we are,"
+  said Huckaby, leading advocate for sugar growers in Congress.
+      A freeze would mean domestic sugar production at about the
+  current level of 6.5 mln tons, the corn sweetener share of the
+  U.S. market staying at just over 50 pct, and U.S sugar imports
+  holding at about 1.2 mln tons, Huckaby said.
+      A decision on whether to seek legislation will not be made
+  until 1987 output numbers are known late this year, he said.
+      "I feel like if we didn't expand production, we could
+  probably hold where we are indefinitely, or at least through
+  the 1985 farm bill without any changes (in the sugar program),"
+  Huckaby said.
+      However, much depends on whether high-fructose corn syrup
+  producers continue to expand their share of the U.S. sweetener
+  market from just over 50 pct, Huckaby said.
+      He noted most estimates are that corn sweeteners will
+  capture at most only another 10 pct of the sweetener market in
+  the U.S.
+      But he said if there were an economic breakthrough in the
+  production of a new crystalline corn sweetener which further
+  expanded the corn sweetener share, then U.S. sugar imports
+  might be eliminated and U.S. sugar output severely reduced.
+      Huckaby said he will deliver this message to corn refiner
+  companies such as A.E. Staley and Archer Daniels Midland soon.
+      "This program is advantageous to the corn users. They have
+  some natural, legitimate self-interest in seeing that the
+  program is preserved," Huckaby said.
+      Huckaby said he has asked sugar industry representatives to
+  think about how domestic output could be controlled, either
+  through production allocations, acreage or marketing controls.
+      Huckaby also said he would be seeking guidance from the
+  Justice Department to determine if it would be legal to ask
+  corn refiners to limit production.
+      "I don't know if we will go this route, but if we do
+  there's a question in my mind at this point in time; can you do
+  that legally?" he said.
+      Asked if he would proceed with production controls without
+  the support of corn refiners, Huckaby said "You build a fragile
+  house if you do it that way."
+      Huckaby said he understands why U.S. cane and beet farmers
+  have expanded production, because high sugar price support
+  means returns from sugar are higher than competing crops such
+  as soybeans and grain.
+      But he said for sugar growers as a whole, expansion would
+  not be good policy.
+      Huckaby said he has tried to stress, in his speeches to
+  sugar industry groups, that if growers continue to expand, they
+  may be penalized retroactively under any production control
+  legislation passed next year.
+      Huckaby said Congress is unlikely to approve any changes in
+  the sugar program this year despite a Reagan administration
+  proposal to drastically slash the program.
+      "The administration proposal is so drastic, that I don't
+  think it will get up a head of steam," Huckaby said.
+      He said even a more moderate proposal to reduce sugar price
+  support is unlikely to be approved.
+      Instead of seeking to slash the domestic sugar program,
+  Huckaby said the Reagan administration should file a complaint
+  with the General Agreement on Tariffs and Trade against the
+  European Community's sugar policy. He said EC policies are the
+  major cause of the depressed world sugar market.
+  
+
diff --git a/reuters/training/9472 b/reuters/training/9472
new file mode 100644
index 0000000000000000000000000000000000000000..24fe10eb61d7d8e01e023a83268b0ef36f00bb03
--- /dev/null
+++ b/reuters/training/9472
@@ -0,0 +1,13 @@
+INVESTORS INCREASE STAKE IN FROST, SULLIVAN
+  One of a pair of private investors
+  in Frost and Sullivan Inc told the Securities and Exchange
+  Commission he increased his stake in the firm by about two pct,
+  to 15.4 pct.
+      He is Theodore Cross, Princeton, N.J., editor of Business
+  and Society Review.
+      The other investor is Mason Slaine, Cos Cob, Mass,
+  president of Dealers' Digest Inc.  He holds a 3.3 pct stake.
+      Cross told the SEC he bought the new shares at between 7.75
+  and 8.0 dlrs.
+  
+
diff --git a/reuters/training/9473 b/reuters/training/9473
new file mode 100644
index 0000000000000000000000000000000000000000..a695ef084574c304419cfd9026df814071cf46b1
--- /dev/null
+++ b/reuters/training/9473
@@ -0,0 +1,11 @@
+LIBERIAN ORE CARRIER IN COLLISION IN RIVER ELBE
+  The Liberian motor bulk carrier, Trave
+  Ore, 106,490 dwt, loaded with ore, and the 2,852 dwt West
+  German motor vessel Christa, collided late last night on the
+  River Elbe near buoy 129, Lloyds Shipping Intelligence said.
+      The Trave Ore proceeded by its own means to Hamburg. The
+  Christa was taken in tow with a damaged bow.
+      The Liberian vessel was concluding a trip from Seven
+  Islands to Hamburg.
+  
+
diff --git a/reuters/training/9475 b/reuters/training/9475
new file mode 100644
index 0000000000000000000000000000000000000000..48b4e42cf86406637ae43d071cf9e31f4e01cf92
--- /dev/null
+++ b/reuters/training/9475
@@ -0,0 +1,10 @@
+HERSHEY OIL CORP <HSO> 4TH QTR LOSS
+  Shr loss 19 cts vs loss 2.37 dlrs
+      Net loss 1,140,000 vs loss 13,608,000
+      Revs 1,069,000 vs 1,940,000
+      Year
+      Shr loss 53 cts vs loss 2.34 dlrs
+      Net loss 3,012,000 vs loss 13,433,000
+      Revs 4,945,000 vs 6,705,000
+  
+
diff --git a/reuters/training/9477 b/reuters/training/9477
new file mode 100644
index 0000000000000000000000000000000000000000..6b9d1762d86e8c437787de9de0d67bc4a106f6d1
--- /dev/null
+++ b/reuters/training/9477
@@ -0,0 +1,6 @@
+EG AND G INC <EGG> SETS QUARTERLY
+  Qtly div 14 cts vs 14 cts prior
+      Pay May Eight
+      Record April 17
+  
+
diff --git a/reuters/training/9478 b/reuters/training/9478
new file mode 100644
index 0000000000000000000000000000000000000000..54562c38a013315309ea8d0b9dc07b70c180639f
--- /dev/null
+++ b/reuters/training/9478
@@ -0,0 +1,9 @@
+<ENCOR ENERGY CORP INC> YEAR LOSS
+  Shr not given
+      Net loss 406.6 mln vs profit 35.4 mln
+      Revs 138.1 mln vs 211.9 mln
+      Note: 1986 net includes 545.7 mln dlr asset writedown
+  before 139.2 mln dlr recovery of deferred taxes.
+      48 pct-owned by Dome Petroleum Ltd <DMP>.
+  
+
diff --git a/reuters/training/9479 b/reuters/training/9479
new file mode 100644
index 0000000000000000000000000000000000000000..1d02567c63370a46ee76ba8fb1386e3a96fd4c09
--- /dev/null
+++ b/reuters/training/9479
@@ -0,0 +1,41 @@
+BRAZILIAN LABOUR UNREST SPREADS, MANY BANKS SHUT
+  Brazil's labour unrest is spreading,
+  with many banks, universities and government statistical
+  offices on strike and more pay disputes looming.
+      Bankworkers' leaders said that a national strike launched
+  yesterday to press for a 100 pct immediate pay rise and monthly
+  salary adjustments had the support of most of the 700,000
+  workforce.
+      The strike today closed the stock exchanges of Sao Paulo
+  and Rio de Janeiro.
+      For the government the one positive development on the
+  labour front was the gradual return to work of the nation's
+  40,000 seamen, who began a national strike on February 27.
+      A union spokesman in Rio de Janeiro told Reuters about half
+  the seamen had returned to work after accords with 22 companies
+  and that the strike looked close to an end.
+      Otherwise the labour scene looked bleak, with the bank
+  strike posing the most serious problems for Brazil's
+  crisis-laden economy.
+      "If this goes on for more than a few days it will have a
+  serious effect because normal financial operations will grind
+  to a halt," said a western diplomat in Sao Paulo.
+      Today Brazil's 50,000 university teachers in the 42 federal
+  universities launched a national strike, with a broad political
+  demand as well as a pay claim.
+      David Fleischer, head of the political science department
+  in Brasilia university, told Reuters the National Association
+  of Higher Education Teachers wanted a full congressional
+  inquiry into what had happened to government education funds.
+      He said the universities were strapped for cash and that
+  the association suspected the junior partner in the coalition
+  government, the Liberal Front Party, PFL, of using education
+  funds for projects which had helped their candidates in
+  elections. The PFL holds the Education Ministry.
+      Hardly any sectors of the economy are proving immune to the
+  current labour unrest, caused by the return of high inflation,
+  officially pegged at 33 pct for January-February.
+      Other possible strikes looming include stoppages by oil
+  industry workers and social security workers.
+  
+
diff --git a/reuters/training/9484 b/reuters/training/9484
new file mode 100644
index 0000000000000000000000000000000000000000..2264a988de6f2ebc3fe17d2de5959b6e522f844d
--- /dev/null
+++ b/reuters/training/9484
@@ -0,0 +1,13 @@
+<ASTA GROUP INC> UNIT IN LOAN PURCHASE
+  Asta Group Inc said its 50 pct
+  owned Liberty Service Corp affiliate has purchased about 50 mln
+  dlrs face value of credit card installment receivables from a
+  major financial institution it did not name for a significant
+  discount from face value.
+      It said the portfolio consists mostly of charged off loans.
+      The company also said it expects to realize a profit of
+  about 300,000 dlrs on its 25 pct interest in the Briarcliff
+  Manor condominium project in New York, with about 140,000 dlrs
+  of the profit being reflected in the year ending September 30.
+  
+
diff --git a/reuters/training/9486 b/reuters/training/9486
new file mode 100644
index 0000000000000000000000000000000000000000..8579c7b46e441cf0fff0d4517215f0a90e3cb7bf
--- /dev/null
+++ b/reuters/training/9486
@@ -0,0 +1,13 @@
+ARDEN INTERNATIONAL <AIKI> 4TH QTR DEC 27 NET
+  Oper shr one ct vs two cts
+      Oper net 30,000 vs 62,000
+      Revs 2,315,000 vs 2,355,000
+      Year
+      Oper shr four cts vs nine cts
+      Oper net 95,000 vs 204,000
+      Revs 9,214,000 vs 9,950,000
+      Avg shrs 2,492,000 vs 2,351,000
+      NOTE: Full name is Arden International Kitchens Inc
+   More
+  
+
diff --git a/reuters/training/9487 b/reuters/training/9487
new file mode 100644
index 0000000000000000000000000000000000000000..cd324ab1d86030f8f6e6629a796b3184ab9fcfb7
--- /dev/null
+++ b/reuters/training/9487
@@ -0,0 +1,33 @@
+TWA <TWA> SELLS POSITION IN USAIR <U>
+  Trans World Airlines Inc sold four mln
+  shares it held in USAir Group Inc, Wall Street sources said.
+  The sources said the buyers are believed to be a group of
+  institutions.
+      Bear Stearns handled the trade. It crossed the four mln
+  shares at 45, off 1/8. Bear Stearns would not comment on buyers
+  or sellers.
+      USAir and TWA had no immediate comment.
+      USAir later said it did not buy the stock. A company
+  spokesman would not comment further.
+      TWA earlier this month reported holding slightly more than
+  four mln shares, or about 15 pct of USAir. It had also proposed
+  a takeover of USAir, which at the time was negotiating its
+  proposed merger with Piedmont Aviation Inc.
+      On March 16, TWA withdrew its bid, saying it did not intend
+  to seek control of USAir Group or to acquire more of its stock
+  at the time.
+      TWA also said in the filing with the Securities and
+  Exchange Commission that its chairman, Carl Icahn is the target
+  of an SEC probe of alleged violations of securities laws.
+      In its filings with the SEC, TWA said it paid 178.2 mln
+  dlrs for its USAir stock.
+      "With this out of the way, if it indeed was bought by
+  institutions, it paves the way for better value for USAir stock
+  later," said Janney Montgomery analyst Louis Marckesano of
+  TWA's sale of its stock.
+      "Technically, as long as that block was overhanging the
+  market you didn't know what was going to happen," he said.
+      USAir stock was trading at 44-3/8, off 3/4 on volume of 4.4
+  mln shares. TWA stock rose one to 28-1/4.
+  
+
diff --git a/reuters/training/9488 b/reuters/training/9488
new file mode 100644
index 0000000000000000000000000000000000000000..8927780a65a86e8ce06dd3f44b0b28385afbd776
--- /dev/null
+++ b/reuters/training/9488
@@ -0,0 +1,33 @@
+COMBUSTION ENGINEERING<CSP> SEES 1ST QTR NET OFF
+  Combustion Engineering Inc said
+  it expects first quarter earnings to be 20 to 25 pct below the
+  year-ago 13.6 mln dlrs, mainly due to financing costs resulting
+  from the January 1987 acquisition of AccuRay Corp.
+      The company said it has filed for an offering of four mln
+  common shares and 150 mln dlrs of subordinated debentures due
+  2017, with proceeds to be used to refinance the short-term bank
+  debt incurred for the AccuRay acquisition, to finance other
+  costs of the transaction and for general corporate purposes.
+      Combustion said 3,500,000 shares will be sold in the U.S.
+  and the remainder overseas.
+      Combustion paid about 218 mln dlrs for AccuRay, a maker of
+  computer-based measurement and control systems used in pulp and
+  paper mills.
+      The company said it expects to release first quarter
+  results in the third week in April.
+      Combustion said it expects further restructuring of core
+  businesses -- particularly Lummus Crest -- this year through
+  staff reductions downsizings and the consolidation of
+  facilities.
+      Combustion said the restructuring at Lummus Crest is
+  expected to substantially reduce but not eliminate this year
+  losses in the Engineering and Construction segment.
+      But it said improvement at Lummus Crest is expected to be
+  approximately offset by a number of factors, including a
+  somewhat lower level of earnings in the Power Generation
+  segment than in 1986, financing costs of the AccuRay
+  acquisition, costs associated with integrating AccuRay
+  technology and operations and delays in waste to energy
+  projects.
+  
+
diff --git a/reuters/training/9489 b/reuters/training/9489
new file mode 100644
index 0000000000000000000000000000000000000000..10c6062ebed9989ba219345ab728a8b25c2486c9
--- /dev/null
+++ b/reuters/training/9489
@@ -0,0 +1,9 @@
+NEWMONT GOLD SEES ITS SALES RISING 22 PCT
+  Newmont Gold Corp expects gold sales
+  in 1987 to rise about 22 pct to 577,000 ounces from 1986's
+  474,000 ounces, the company said in its annual report.
+      Newmont Gold, 95 pct owned by Newmont Mining Corp, said it
+  expects significant increases in gold sales in 1988 and 1989 as
+  well.
+  
+
diff --git a/reuters/training/949 b/reuters/training/949
new file mode 100644
index 0000000000000000000000000000000000000000..65c99edbd1429a17614361d6700c6a5d127b8691
--- /dev/null
+++ b/reuters/training/949
@@ -0,0 +1,5 @@
+Unilever Plc and Nv combined 1986 pre-tax profit 1.14 billion stg vs 953 mln.
+
+  Unilever Plc and Nv combined 1986 pre-tax profit 1.14 billion stg vs 953 mln.
+  
+
diff --git a/reuters/training/9491 b/reuters/training/9491
new file mode 100644
index 0000000000000000000000000000000000000000..88e766da4a71963e7bc98f9f518a323c0153d903
--- /dev/null
+++ b/reuters/training/9491
@@ -0,0 +1,3 @@
+25-MAR-1987
+  25-MAR-1987
+
diff --git a/reuters/training/9493 b/reuters/training/9493
new file mode 100644
index 0000000000000000000000000000000000000000..535320615d5a726cb6cf25d4eac90c7970cb4582
--- /dev/null
+++ b/reuters/training/9493
@@ -0,0 +1,5 @@
+TREASURY'S BAKER SAYS EXCHANGE RATE CHANGES WILL REDUCE TRADE DEFICIT THIS YEAR
+
+  TREASURY'S BAKER SAYS EXCHANGE RATE CHANGES WILL REDUCE TRADE DEFICIT THIS YEAR
+  
+
diff --git a/reuters/training/9497 b/reuters/training/9497
new file mode 100644
index 0000000000000000000000000000000000000000..13d59e83d5643c738a22786cfbf080a1f5ba4e4c
--- /dev/null
+++ b/reuters/training/9497
@@ -0,0 +1,8 @@
+GATEWAY SPORTING BUYS INNOVATIVE DENTAL
+  Gateway Sporting Goods Co said it
+  acquired all of the shares of stock of Innovative Dental
+  Services Inc for an undisclosed amount of cash.
+      Gateway said the acquired company has contracts with 102
+  dentists in 144 locations.
+  
+
diff --git a/reuters/training/9498 b/reuters/training/9498
new file mode 100644
index 0000000000000000000000000000000000000000..1336b601ec30a1f8ec49c3800c4dffdf55d427f4
--- /dev/null
+++ b/reuters/training/9498
@@ -0,0 +1,12 @@
+TREASURY'S BAKER SEES CUT IN TRADE DEFICIT
+  Treasury Secretary James Baker said
+  the administration is confident the effect of exchange rate
+  changes will bring about a cut in the trade deficit this year.
+      In testimony before the Senate Committee on Governmental
+  Affairs, Baker conceded that the effect thus far has "not yet
+  proved as quick or as strong as had been expected from past
+  experience."
+      He told the committee, however, that the "initial signs are
+  encouraging."
+  
+
diff --git a/reuters/training/9499 b/reuters/training/9499
new file mode 100644
index 0000000000000000000000000000000000000000..e0071d0d4becf38761ee9690f92cc0d6a589a722
--- /dev/null
+++ b/reuters/training/9499
@@ -0,0 +1,5 @@
+CYCLOPS CORP REFORMS BOARD AFTER DIXONS GROUP FAILS TO GET MAJORITY OF CYCLOPS STOCK
+
+  CYCLOPS CORP REFORMS BOARD AFTER DIXONS GROUP FAILS TO GET MAJORITY OF CYCLOPS STOCK
+  
+
diff --git a/reuters/training/95 b/reuters/training/95
new file mode 100644
index 0000000000000000000000000000000000000000..b80eac732ac68af46e9dc92d0609480fa666a2d5
--- /dev/null
+++ b/reuters/training/95
@@ -0,0 +1,5 @@
+U.S. BANK NET FREE RESERVES 644 MLN DLRS IN TWO WEEKS TO FEB 25, FED SAYS
+
+  U.S. BANK NET FREE RESERVES 644 MLN DLRS IN TWO WEEKS TO FEB 25, FED SAYS
+  
+
diff --git a/reuters/training/9502 b/reuters/training/9502
new file mode 100644
index 0000000000000000000000000000000000000000..3eb2e870831ac9a4ef0c65c4f73afd2baf1a17c2
--- /dev/null
+++ b/reuters/training/9502
@@ -0,0 +1,12 @@
+PAN ATLANTIC RE INC <PNRE> 4TH QTR NET
+  Oper shr 15 cts vs 1.07 dlrs
+      Oper net 372,000 vs 2,601,000
+      Year
+      Oper shr 80 cts vs 61 cts
+      Oper net 1,952,000 vs 1,491,000
+      NOTE: Net excludes realized investment loss 13,000 dlrs vs
+  gain 986,000 dlrs in quarter and gains 1,047,000 dlrs vs
+  1,152,000 dlrs in year.
+      1986 year net excludes tax credit 919,000 dlrs.
+  
+
diff --git a/reuters/training/9503 b/reuters/training/9503
new file mode 100644
index 0000000000000000000000000000000000000000..00e25c23d4f752942efc14701ddbf1896b50ff14
--- /dev/null
+++ b/reuters/training/9503
@@ -0,0 +1,6 @@
+QUAKER CHEMICAL CORP <QCHM> SETS QUARTERLY
+  Qtly div 12-1/2 cts vs 12-1/2 cts prior
+      Pay April 30
+      Record April 17
+  
+
diff --git a/reuters/training/9505 b/reuters/training/9505
new file mode 100644
index 0000000000000000000000000000000000000000..6d320d4051960abab807d026774899a722644697
--- /dev/null
+++ b/reuters/training/9505
@@ -0,0 +1,14 @@
+MIDDLE SOUTH <MSU> TO CONSIDER DIVIDEND
+  Middle South Utilities Inc will not
+  consider payment of a common stock dividend until there is
+  another ruling on a Mississippi Supreme Court order rolling
+  back rates at the company's Mississippi Power and Light Co
+  subsidiary, chairman Edwin Lupberger said.
+      He told security analysts Middle South was close to
+  recommending resumption of the common stock dividend when the
+  Mississippi court ordered the rate rollback. Following the
+  order, he noted, the unit cancelled a planned sale of preferred
+  stock. Middle South has petitioned the court for a rehearing or
+  a stay of the order while it is being appealed.
+  
+
diff --git a/reuters/training/9509 b/reuters/training/9509
new file mode 100644
index 0000000000000000000000000000000000000000..d27824fd48220e3e8e4238bca175b003a05e72b5
--- /dev/null
+++ b/reuters/training/9509
@@ -0,0 +1,22 @@
+BELGIUM PLANS TO OUTLAW INSIDER TRADING
+  A Belgian finance ministry spokesman
+  said new rules planned on insider trading would enable
+  offenders to be fined and imprisoned for up to a year, and be
+  compelled to forfeit gains.
+      The new rules require parliamentary approval, and
+  government sources said it was unclear when they would come
+  into force. Insider trading is currently not an offence in this
+  country.
+      The cabinet approved a separate bill that analysts said
+  includes provisions to make more difficult the build-up of
+  major new stakes in Belgian companies.
+      The bill would make obligatory the declaration of major
+  stakes in companies quoted on the bourse with own resources of
+  more than 200 mln francs.
+      The Minister for Economic Affairs would need to be informed
+  in advance of deals under which foreign interests planned to
+  buy a new stake of more than ten pct of the voting shares in a
+  large Belgian company, or to increase an existing stake to more
+  than 20 pct.
+  
+
diff --git a/reuters/training/9510 b/reuters/training/9510
new file mode 100644
index 0000000000000000000000000000000000000000..399d5d8db5c9aaa8738044d3e4b32967be29754a
--- /dev/null
+++ b/reuters/training/9510
@@ -0,0 +1,8 @@
+OWENS-CORNING FIBERGLAS <OCF> SELLS FOAM UNIT
+  Owens-Corning Fiberglas Corp said
+  it sold its controlling interest in its French foam insulation
+  producing subsidiary to a Lafarege Corp <LAF> subsidiary.
+      Owens-Corning said it sold its interest in Sentuc Porxpan
+  SA for an undisclosed price.
+  
+
diff --git a/reuters/training/9511 b/reuters/training/9511
new file mode 100644
index 0000000000000000000000000000000000000000..fa6bda7309c9daab3dc911e23549c79b175148cb
--- /dev/null
+++ b/reuters/training/9511
@@ -0,0 +1,5 @@
+U.S. SHOE INC 4TH QTR SHR 31 CTS VS 56 CTS
+
+  U.S. SHOE INC 4TH QTR SHR 31 CTS VS 56 CTS
+  
+
diff --git a/reuters/training/9515 b/reuters/training/9515
new file mode 100644
index 0000000000000000000000000000000000000000..6581a973b080c4ed453b08fe2e4bb3ca1d53c7b2
--- /dev/null
+++ b/reuters/training/9515
@@ -0,0 +1,13 @@
+TREASURY'S BAKER OUTLINES TRADE BILL CRITICISMS
+  Treasury Secretary James Baker said
+  that some of the trade bills proposed by Congress conflict
+  significantly with certain basic principles the Reagan
+  administration considers critical.
+      Baker told a Senate committee that the administration would
+  resist such measures as a general import surcharge,
+  sector-specific protection such as import quotas for individual
+  products, mandatory retaliation, and limits on presidential
+  discretion in negotiating more open markets abroad and other
+  trade steps.
+  
+
diff --git a/reuters/training/9519 b/reuters/training/9519
new file mode 100644
index 0000000000000000000000000000000000000000..942786797056e9cc61ffe00a1eb71ec38764c866
--- /dev/null
+++ b/reuters/training/9519
@@ -0,0 +1,19 @@
+U.S. SHOE CORP <USR> 4TH QTR JAN 31 NET
+  Shr 31 cts vs 56 cts
+      Net 13.7 mln vs 25.2 mln
+      Sales 610.9 mln vs 575.9 mln
+      Avg shrs 45.0 mln vs 44.8 mln
+      Year
+      Shr 57 cts vs 1.46 dlrs
+      Net 25.5 mln vs 64.9 mln
+      Sales 2.00 billion vs 1.92 billion
+      Avg shrs 45.0 mln vs 44.5 mln
+      NOTE: Current year net both periods includes gain five cts
+  shr from sale of Just for Kids! and Giggletree mail order
+  catalogs and charges of 10 cts shr from writedowns of assets
+  related to the closing of linens and domestics stores and
+  leased departments and of leased shoe departments.
+      Year net includes LIFO inventory charges six cts shr vs two
+  cts shr.
+  
+
diff --git a/reuters/training/952 b/reuters/training/952
new file mode 100644
index 0000000000000000000000000000000000000000..2c29886f712524070771d997c0ee7a16422e25d1
--- /dev/null
+++ b/reuters/training/952
@@ -0,0 +1,32 @@
+OPEC WITHIN OUTPUT CEILING, SUBROTO SAYS
+  Opec remains within its agreed output
+  ceiling of 15.8 mln barrels a day, and had expected current
+  fluctuations in the spot market of one or two dlrs, Indonesian
+  Energy Minister Subroto said.
+      He told reporters after meeting with President Suharto that
+  present weakness in the spot oil market was the result of
+  warmer weather in the U.S. And Europe which reduced demand for
+  oil.
+      Prices had also been forced down because refineries were
+  using up old stock, he said.
+      He denied that Opec was exceeding its agreed production
+  ceiling. Asked what Opec's output level was now, he replied:
+  "Below 15.8 (mln barrels per day)." He did not elaborate.
+      He said there appeared to have been some attempts to
+  manipulate the market, but if all Opec members stick by the
+  cartel's December pricing agreement it would get through
+  present price difficulties.
+      He predicted that prices would recover again in the third
+  and fourth quarters of 1987.
+      He also reiterated that there was no need for an emergency
+  Opec meeting.
+      He said Opec had expected to see some fluctuations in the
+  spot price. "We hope the weak price will be overcome, and
+  predict the price will be better in the third and fourth
+  quarters."
+      Refiners, he said, appeared to have used up old stock
+  deliberately to cause slack demand in the market and the price
+  to fall. But Opec would get through this period if members
+  stuck together.
+  
+
diff --git a/reuters/training/9521 b/reuters/training/9521
new file mode 100644
index 0000000000000000000000000000000000000000..b326931181e0b04e565b43200c9ddb7fe3fc2e2c
--- /dev/null
+++ b/reuters/training/9521
@@ -0,0 +1,66 @@
+ARGENTINE SOYBEAN YIELD ESTIMATES DOWN FURTHER
+  Argentine grain producers again
+  reduced their estimates for the total yield of the 1986/87
+  soybean crop, which will begin to be harvested in mid-April,
+  trade sources said.
+      They said growers now forecast soybean production this
+  season at between 7.5 and 7.8 mln tonnes, down from last week's
+  estimate of 7.7 to eight mln tonnes and the 8.0 to 8.4 mln
+  tonnes forecast in mid-February.
+      The new forecast is still higher than last season's record
+  total production.
+      Private sources put 1985/86 production at a record 7.2 to
+  7.3 mln tonnes -- 4.2 to 6.4 pct lower than the new forecast
+  for the current crop. The official figure for 1985/86 is 7.1
+  mln tonnes, 5.6 to 9.9 pct below this season's new estimates.
+      Growers in the past week discovered more empty soybean pods
+  in the main producing areas of southern Cordoba and Santa Fe
+  provinces and northern Buenos Aires.
+      The crop since January has been hit by high temperatures
+  and inadequate rainfall. Growers fear they may find more empty
+  pods and have to further reduce their forecasts of total yield.
+      The area sown to soybeans this season was a record 3.7 to
+  3.8 mln hectares, 10.8 to 13.8 pct higher than the 1985/86
+  record of 3.34 mln hectares.
+      The state of the crop continued to be good in general until
+  last week but intense, heavy rains since could have caused
+  damage in areas where rainfall was higher than 100 mm.
+      Where the rains were less heavy they were considered
+  beneficial although too late to improve yield estimates.
+      The rains also benefitted maize and sorghum crops in
+  southern Buenos Aires province but are not expected to
+  influence production forecasts.
+      In other areas, especially western Buenos Aires, where
+  rainfall was more than 200 mm, parts of the sunflower, maize
+  and sorghum crops not yet harvested may have been damaged.
+      The coarse grain crop harvest was interrupted last week by
+  rains which also reached over 100 mm in parts of Cordoba, La
+  Pampa and Santa Fe and almost 90 mm in parts of Entre Rios.
+      The area sown with maize this season was between 3.58 and
+  3.78 mln hectares, two to seven pct less than the 3.85 mln
+  hectares in 1985/86.
+      The yield of 1986/87 maize continued to be forecast at
+  between 9.9 and 10.1 mln tonnes.
+      This estimate is 19.8 to 20.2 pct lower than the 12.4 to
+  12.6 mln tonnes at which private sources put 1985/86 production
+  and 21.1 to 22.7 pct lower than the official 12.8 mln tonnes.
+      The sunflowerseed harvest has covered 23 to 26 pct of the
+  area sown and continues in parts of central Buenos Aires
+  although at a standstill elsewhere due to rain and floods.
+      A resumption of full harvesting and assessment of damage is
+  impossible until rains stop and a spell of a week to 10 days of
+  sunshine dries the fields.
+      The area sown this season was 2.0 to 2.2 mln hectares, down
+  29.9 to 36.3 pct on last year's record 3.14 mln hectares.
+      Sunflowerseed 1986/87 production is still forecast at 2.3
+  to 2.6 mln tonnes, 34.1 to 41.5 pct below the 1985/86 record of
+  4.1 mln tonnes.
+      The grain sorghum harvest was the least affected by the
+  rains, advancing steadily in Santa Fe and Cordoba and starting
+  in La Pampa to cover 14 to 16 pct of the total area sown.
+      The area sown was 1.23 to 1.30 mln hectares, 10.3 to 15.2
+  pct less than the 1.45 mln hectares the previous season.
+      Yield estimates remained at 3.2 to 3.5 mln tonnes, 16.7 to
+  22 pct down on 1985/86 production of 4.1 to 4.2 mln tonnes.
+  
+
diff --git a/reuters/training/9525 b/reuters/training/9525
new file mode 100644
index 0000000000000000000000000000000000000000..ea2af115248ce4c3f7c140db153af846e8431538
--- /dev/null
+++ b/reuters/training/9525
@@ -0,0 +1,15 @@
+VERTEX INDUSTRIES INC <VETX> 2ND QTR JAN 31 NET
+  Oper shr loss three cts vs loss four cts
+      Oper loss 40,870 vs loss 39,827
+      Revs 584,855 vs 727,432
+      Six mths
+      Oper shr loss two cts vs loss two cts
+      Oper loss 24,311 vs loss 26,947
+      Revs 1,246,992 vs 1,497,251
+      NOTE: Current periods exclude net gain of 150,865 dlrs from
+  termination of retirement plan for salaried employees. Also
+  excludes gain of 83,100 dlrs from in current qtr and gain
+  90,400 dlrs in six mths from benefit of tax loss carryforwards.
+      Company went public in September 1986.
+  
+
diff --git a/reuters/training/9526 b/reuters/training/9526
new file mode 100644
index 0000000000000000000000000000000000000000..3b96eef70e44dc541db372678fb9d85b8d9c22e9
--- /dev/null
+++ b/reuters/training/9526
@@ -0,0 +1,31 @@
+CYCLOPS <CYL> SAYS DIXONS APPOINTEES RESIGN
+  Cyclops Corp said the three
+  members of its board appointed last week by <Dixons Group PLC>
+  had resigned and that it named three Cyclops executives to
+  replace them.
+      Cyclops said the moves followed the announcement earlier
+  today by Dixons that it received only 20 pct of Cyclops
+  outstanding common stock under an extended tender offer that
+  expired yesterday.
+      Dixons initially ended its 90.25 dlr a share tender offer
+  on March 17 after receiving 54 pct of Cyclops shares.
+      However, the Securities and Exchange Commission last Friday
+  pressed Dixons to reopen the offer because the U.K.-based
+  company had dropped a condition that at least 80 pct of Cyclops
+  stock be tendered by the close of the offer.
+      Dixons then extended the offer until yesterday and earlier
+  today indicated that a substantial number of tendered Cyclops
+  shares had been withdrawn, leaving it with only 852,000 shares,
+  or just over 20 pct of the roughly 4.26 mln Cyclops shares
+  outstanding.
+      Dixons said today that it purchased the tendered shares,
+  which, when combined with the shares it already holds, gives it
+  a 21.7 pct stake in Cyclops.
+      Cyclops said its reconstituted board includes the three
+  newly named directors and five outside directors, all of whom
+  were on the board prior to Dixons tender offer.
+      The three Cyclops directors were replaced by Dixons
+  appointees on March 17 under an agreement reached between the
+  two companies.
+  
+
diff --git a/reuters/training/9527 b/reuters/training/9527
new file mode 100644
index 0000000000000000000000000000000000000000..1a6fad3714d1980209c108dec88056119c172d37
--- /dev/null
+++ b/reuters/training/9527
@@ -0,0 +1,14 @@
+ECUADOR NEGOTIATES WITH NIGERIA FOR LENDING OIL
+  Earthquake-stricken Ecuador is
+  negotiating with Nigeria to have the African country lend it
+  10,000 barrels per day (bpd) of crude for export, Deputy Energy
+  Minister Fernando Santos Alvite told Reuters.
+      He said Ecuador was negotiating a shipments schedule and
+  the terms of repaying the loan. Ecuador has suspended crude
+  exports for about five months until it repairs a pipeline
+  ruputured by a March five tremor.
+      Santos Alvite added Ecuador is finalizing details for a
+  program under which Venezuela would temporarily lend the
+  country 50,000 bpd for export.
+  
+
diff --git a/reuters/training/953 b/reuters/training/953
new file mode 100644
index 0000000000000000000000000000000000000000..0315f898e34bb564281b9601456bb1914ac95074
--- /dev/null
+++ b/reuters/training/953
@@ -0,0 +1,10 @@
+U.K. MONEY MARKET GIVEN 24 MLN STG ASSISTANCE
+  The Bank of England said it provided 24
+  mln stg help to the money market in the morning session.
+      This compares with the bank's upward revised shortage
+  forecast of around 500 mln stg.
+      The central bank purchased bank bills outright comprising
+  two mln stg in band one at 10-7/8 pct and 22 mln stg in band
+  two at 10-13/16 pct.
+  
+
diff --git a/reuters/training/9530 b/reuters/training/9530
new file mode 100644
index 0000000000000000000000000000000000000000..361aab9b8043390159bbdd801d1a8d554d4ad80a
--- /dev/null
+++ b/reuters/training/9530
@@ -0,0 +1,6 @@
+NORTHERN STATES POWER CO <NSP> VOTES QUARTERLY
+  Qtly div 47-1/2 cts vs 47-1/2 cts prior qtr
+      Pay 20 April
+      Record 6 April
+  
+
diff --git a/reuters/training/9531 b/reuters/training/9531
new file mode 100644
index 0000000000000000000000000000000000000000..843d23a3f338212d265df5e64e85a287ab7433ca
--- /dev/null
+++ b/reuters/training/9531
@@ -0,0 +1,6 @@
+SUMMIT TAX EXEMPT BOND FUND <SUA> SETS PAYOUT
+  Qtrly div 40 cts vs 40 cts prior
+      Pay  Aug  14, 1987
+      Record April One, 1987
+  
+
diff --git a/reuters/training/9532 b/reuters/training/9532
new file mode 100644
index 0000000000000000000000000000000000000000..9a9f19d8f928b1f543fd9b54b0fc5b89a87fbf39
--- /dev/null
+++ b/reuters/training/9532
@@ -0,0 +1,40 @@
+U.S. SENATE TRADE LEADER CONCERNED ABOUT CANADA
+  The chairman of the U.S. Senate
+  committee with jurisdiction over trade said he was concerned
+  about a resolution on bilateral trade negotiations adopted by
+  the Canadian House of Commons last week.
+      The resolution supports negotiation of a bilateral trading
+  agreement with the United States while protecting Canadian
+  political sovereignty, social programs, agricultural marketing
+  systems, the auto industry and Canada's cultural identity.
+      Senate Finance Committee chairman Lloyd Bentsen said the
+  resolution may jeopardize the viability of the proposed free
+  trade agreement between the two countries, which are each
+  other's largest trading partners.
+      "We need a truly free trade agreement, which means both
+  countries have to work toward a deal that is mutually
+  beneficial and comprehensive, a large agreement," the Texas
+  Democrat said in a statement.
+      "I do not question Canada's right to protect its political
+  sovereignty or cultural identity. However, if these phrases
+  mean the government of Canada means to take important economic
+  issues off the table in these negotiations, I am deeply
+  concerned," he added.
+      Bentsen said Canada restricts trade 15 different ways while
+  the United States uses only six trade restriction methods. He
+  said if Canada proposes an agreement where both countries get
+  rid of six methods of trade restriction, it would not be fair
+  and might not win Senate approval.
+      "I am deeply concerned that when the President visits Prime
+  Minister (Brian) Mulroney next month, he will be presented with
+  this kind of argument, and I hope he makes it clear -- as I did
+  when I was in Canada -- that only a mutually beneficial
+  agreement will be successful," Bentsen said.
+      Reagan and Mulroney are scheduled to meet April 5-6 in
+  Ottawa.
+      Bentsen urged Mulroney to withdraw a proposal that would
+  ban imports of independently produced films into Canada by
+  non-Canadians, which the senator called a protectionist
+  measure.
+  
+
diff --git a/reuters/training/9534 b/reuters/training/9534
new file mode 100644
index 0000000000000000000000000000000000000000..43abcae878a51c12b0039dd6f672be26b4ff955c
--- /dev/null
+++ b/reuters/training/9534
@@ -0,0 +1,5 @@
+BAKER SAYS U.S. WILLING TO COOPERATE TO STABILIZE EXCHANGE RATES
+
+  BAKER SAYS U.S. WILLING TO COOPERATE TO STABILIZE EXCHANGE RATES
+  
+
diff --git a/reuters/training/9535 b/reuters/training/9535
new file mode 100644
index 0000000000000000000000000000000000000000..a7754442c029e469de81fe053badb0a1f7f03756
--- /dev/null
+++ b/reuters/training/9535
@@ -0,0 +1,32 @@
+BAKER SAYS U.S. WANTS TO STABILIZE EXCHANGE RATES
+  Treasury Secretary James Baker said
+  the United States and other nations were willing to cooperate
+  to stabilize foreign exchange rates at the levels that existed
+  at the time of an international agreement last month.
+      "Our position with respect to the dollar goes back to the
+  Paris Agreement that the currencies were within ranges broadly
+  consistent with underlying economic conditions," Baker told a
+  Senate committee.
+      Baker continued, "We said further that we and others are
+  willing to cooperate closely to foster stability in exchange
+  rates around those levels."
+      He referred to a February agreement by six leading
+  industrial nations to cooperate on monetary matters.
+      Baker refused to answer a question whether Japan and
+  Germany had done enough to stimulate their domestic economies
+  for the United States to support the dollar.
+      "I will not comment because the foreign exchange market
+  reads more or less than is intended in my statements," Baker
+  said.
+      Baker said that the other signatories recognized that they
+  must carry their share of the load of correcting external
+  imbalances that have hindered the world's economy.
+      He cited news reports that Germany would increase a
+  proposed tax cut for 1988 by about five billion marks to
+  stimulate domestic growth.
+      Japan also agreed to consider stimulative measures after
+  the Japanese budget was made final.
+      Baker said those nations were stimulating their economies
+  in a manner consistent with gains against inflation.
+  
+
diff --git a/reuters/training/9538 b/reuters/training/9538
new file mode 100644
index 0000000000000000000000000000000000000000..59a07890fddef045b0ae08cb8c5eee8044445630
--- /dev/null
+++ b/reuters/training/9538
@@ -0,0 +1,12 @@
+FIRST FEDERAL DELAWARE AGREEMENT EXTENDED
+  <First Federal Savings Bank>
+  of Delaware said its agreement to negotiate exclusively for its
+  sale with <Oxford Financial Group> has been extended until
+  April 8 from March 18.
+      The company said it is in the final stages of talks with
+  Oxford over the terms of the proposed acquisition.  Under a
+  nonbinding letter of intent signed in June 1986, Oxford would
+  pay 11 dlrs per First Federal share, subject to First Federal
+  shareholder approval.
+  
+
diff --git a/reuters/training/9539 b/reuters/training/9539
new file mode 100644
index 0000000000000000000000000000000000000000..698f1cadfd556b31c4641440e792a6e75c925af2
--- /dev/null
+++ b/reuters/training/9539
@@ -0,0 +1,16 @@
+EDELMAN GROUP IN PLAN TO BUY MORSE SHOE <MRS>
+  A group led by New York investor
+  Asher Edelman said Morse Shoe Inc agreed to provide it
+  confidential company information and that his group would make
+  an offer to buy Morse only in a friendly, negotiated deal.
+      The group also said in a filing with the Securities and
+  Exchange Commission that its members would not, without Morse
+  approval, buy or offer to buy any company securities giving the
+  group a 10 pct or more stake in the company.
+      Edelman and his group said his terms held until the earlier
+  of 90 days from March 3 or the date on which Morse announces a
+  definite agreement for its sale.
+      At the same time, the Edelman group said it cut its stake
+  in Morse to 8.4 pct from 9.7 pct.
+  
+
diff --git a/reuters/training/9543 b/reuters/training/9543
new file mode 100644
index 0000000000000000000000000000000000000000..91411cf905fc7299b1b11290640eb4197491e3a4
--- /dev/null
+++ b/reuters/training/9543
@@ -0,0 +1,23 @@
+JOHN LABATT SEES GOOD FOURTH QUARTER, YEAR
+  <John Labatt Ltd> anticipates a good
+  fourth quarter and a new peak in sales and earnings for the
+  fiscal year ending April 30, president Peter Widdrington told
+  financial analysts.
+      He would not make any specific forecast, but said he was
+  optimistic for further growth in fiscal 1988 in the company's
+  brewing and food products operations.
+      Labatt's earnings rose to 92.8 mln dlrs in the nine months
+  ended January 31 from year-earlier 78 mln dlrs. Revenue for the
+  nine months rose to 3.20 billion dlrs from 2.70 billion dlrs.
+      Widdrington said Labatt's three-year business plan, now
+  being updated, targets total sales of about six billion dlrs,
+  including 2.50 billion dlrs in the U.S.
+      Labatt, Canada's leading brewer, has expanded in the U.S.
+  food products industry by acquisitions.
+      Widdrington said Labatt's strategy for U.S. expansion
+  stemmed partly from its strong market position in the Canadian
+  food and beverage industry. The U.S. share of revenues for this
+  year will be about 35 pct, rising to 40 pct in fiscal 1988, he
+  said.
+  
+
diff --git a/reuters/training/9544 b/reuters/training/9544
new file mode 100644
index 0000000000000000000000000000000000000000..119b81ed3e2981d3bff237ec655be3c5e48c3757
--- /dev/null
+++ b/reuters/training/9544
@@ -0,0 +1,30 @@
+HUSKY <HYO> SETS MEETING TO APPROVE MERGER
+  Husky Oil Ltd said the board
+  called a special meeting for April 22 for shareholders to vote
+  on its previously announced agreement for Hong Kong-based
+  Hutchison Whampoa Ltd and Hongkong Electric Holdings Ltd to
+  acquire a 43 pct interest in the company.
+      The acquisition requires two-thirds approval by Husky
+  shareholders other than <Nova, An Alberta Corp>, which owns a
+  57 pct interest in Husky.
+      If approved by shareholders, the amalgamation will take
+  effect April 30, Husky said.
+      Following completion, Oil Term Holdings Ltd, a new company
+  controlled by Nova, will hold a 43 pct stake in Husky.
+  Hutchison and Hongkong will indirectly hold 43 pct, Victor T.K.
+  Li will own nine pct and <Canadian Imperial Bank of Commerce>
+  will have a five pct interest.
+      Husky said a special committee of five outside directors
+  recommended the board approve the transaction after determining
+  that the deal was in the best interests of Husky and fair to
+  shareholders.
+      Husky previously announced shareholders will have the
+  option to receive 11.80 Canadian dlrs cash for each common, or
+  6.726 dlrs cash and one common share of Oil Term Investment
+  Ltd, which will be controlled by Nova through Oil Term Holdings
+  and own an insterest in Husky.
+      U.S. shareholders will be restricted to the right to
+  receive 11.80 Canadian dlrs cash per share, which will be paid
+  in U.S. funds, the company said.
+  
+
diff --git a/reuters/training/9547 b/reuters/training/9547
new file mode 100644
index 0000000000000000000000000000000000000000..52c55e5de334a6ba9af8a6d257ddc142e3bcec6b
--- /dev/null
+++ b/reuters/training/9547
@@ -0,0 +1,6 @@
+WASHINGTON GAS LIGHT CO <WGL> HIKES PAYOUT
+  Qtly div 45 cts vs 44 cts prior
+      Pay May one
+      Record April 10
+  
+
diff --git a/reuters/training/9549 b/reuters/training/9549
new file mode 100644
index 0000000000000000000000000000000000000000..fb8680b2072dcbabdaa0163f93ecd2987a063c71
--- /dev/null
+++ b/reuters/training/9549
@@ -0,0 +1,32 @@
+FERC DECISION COULD CUT COLUMBIA GAS <CG> NET
+  Columbia Gas System Inc said a
+  Federal Energy Regulatory Commission decision today on natural
+  gas cost recovery could reduce its 1987 earnings by about 1.25
+  dlrs a share.
+      The company said "this could bring earnings for 1987 below
+  Columbia's stated goal of earning no less than its 3.18 dlrs
+  per share dividend." It earned 2.12 dlrs a share in 1986.
+      It said management expects to recommend to the board that
+  the dividend rate be maintained in 1987.
+      Columbia Gas said the impact of the FERC decision may be
+  offset by a one-time accounting change rleated to future tax
+  liabilities under the new federal tax laws.
+      The company recorded these liabilities based on older,
+  higher tax rates, but an action being considered by the
+  Financial Accounting Standards Board could result in a gain of
+  about 1.20 dlrs a share in 1987, it explained.
+      "Thus there is a good chance that we will attain our 1987
+  earnings goal -- although not in the way originally planned,"
+  Columbia Gas said.
+      Columbia Gas said the FERC decision would limit the
+  recovery of certain gas contract costs by Columbia Gas
+  Transmission Corp, the company's principal pipeline subsidiary.
+      It said the decision specifically excluded from a purchased
+  gas adjustment filing by the pipeline costs related to
+  amortizing payments made to producers to reform gas purchase
+  contracts. These were excluded on the grounds the subsidiary
+  failed to sufficiently support cost recovery.
+      The company said its subsidiary is not precluded from
+  making a new filing to provide sufficient support.
+  
+
diff --git a/reuters/training/955 b/reuters/training/955
new file mode 100644
index 0000000000000000000000000000000000000000..c68ffd3dde64165a93c7e738c20576cc2d5300c0
--- /dev/null
+++ b/reuters/training/955
@@ -0,0 +1,35 @@
+JAPAN'S UNEMPLOYMENT RATE SEEN RISING TO 3.5 PCT
+  Japan's unemployment rate is expected to
+  continue to climb to about 3.5 pct within the next year from
+  January's three pct record, senior economists, including Susumu
+  Taketomi of Industrial Bank of Japan, said.
+      December's 2.9 pct was the previous worst level since the
+  government's Management and Coordination Agency began compiling
+  statistics under its current system in 1953.
+      "There is a general fear that we will become a country with
+  high unemployment," said Takashi Kiuchi, senior economist for
+  the Long-Term Credit Bank of Japan Ltd.
+      The government, which published the January unemployment
+  figures today, did not make any predictions.
+      "At present we do not have a forecast for the unemployment
+  rate this year, but it is difficult to foresee the situation
+  improving," a Labour Ministry official said.
+      Finance Minister Kiichi Miyazawa said the government had
+  expected the increase and had set aside money to help 300,000
+  people find jobs in fiscal 1987 beginning in April.
+      Prime Minister Yasuhiro Nakasone told a press conference
+  the record rate underlines the need to pass the 1987 budget
+  which has been held up by opposition to proposed tax reforms.
+      The yen's surge has caused layoffs in the mainstay steel
+  and shipbuilding industries. Other export-dependent industries,
+  such as cars and textiles, have laid off part-time employees
+  and ceased hiring, economists said.
+      Although the growing service industry sector has absorbed a
+  great number of workers the trend is starting to slow down,
+  said Koichi Tsukihara, Deputy General Manager of Sumitomo Bank
+  Ltd's economics department.
+      However, other economists disagreed, saying the service
+  sector would be able to hire workers no longer needed by the
+  manufacturing sector over the next five years.
+  
+
diff --git a/reuters/training/9550 b/reuters/training/9550
new file mode 100644
index 0000000000000000000000000000000000000000..97aac8b6080e51eac40136be86aa7822fcfb9bf6
--- /dev/null
+++ b/reuters/training/9550
@@ -0,0 +1,17 @@
+U.S. OFFERS MORE CREDITS FOR VEG OIL TO N. YEMEN
+  The U.S. Commodity Credit
+  Corporation (CCC) has authorized an additional 10.0 mln dlrs in
+  credit guarantees to cover sales of U.S. vegetable oils to
+  North Yemen, the U.S. Agriculture Department said.
+      The department also said at the request of the North Yemen
+  Government five mln dlrs in credit guarantees previously
+  earmarked for sales of wheat have been switched to cover sales
+  of mixed poultry feed.
+      The actions increase the value of credit guarantees for
+  vegetable oil for the current fiscal year to 38 mln dlrs,
+  reduce the guarantee coverage for sales of wheat to eight mln
+  dlrs and increase the coverage for sales of mixed poultry feed
+  to 10 mln dlrs.
+      All exports must be completed by September 30, 1987.
+  
+
diff --git a/reuters/training/9551 b/reuters/training/9551
new file mode 100644
index 0000000000000000000000000000000000000000..b463c241ab214a622b6858000a51fdb833b3f29c
--- /dev/null
+++ b/reuters/training/9551
@@ -0,0 +1,8 @@
+PUERTO RICAN CEMENT CO <PRN> SETS PAYOUT
+  Qtly div five cts vs five cts prior
+      Pay May 13
+      Record April 14
+      NOTE: Company said up to 20 pct of dividend payment may be
+  withheld in accordance with Puerto Rico tax law.
+  
+
diff --git a/reuters/training/9554 b/reuters/training/9554
new file mode 100644
index 0000000000000000000000000000000000000000..fa180f7b72639dc8b21e2385803416deca303c44
--- /dev/null
+++ b/reuters/training/9554
@@ -0,0 +1,40 @@
+CANADA MAY MONITOR STEEL SHIPMENTS
+  Canada may begin monitoring steel
+  flowing in and out of the country to determine if any steel is
+  being illegally "trans-shipped" to the U.S., senior government
+  trade officials said.
+      The officials, asking not to be identified, said the
+  government will investigate an industry contention that steel 
+  imported from countries such as South Korea and Taiwan is being
+  diverted to the U.S. and ultimately exasperating concerns about
+  the level of Canadian exports south of the border.
+      But the senior officials, asking not to be indentified,
+  said that despite intense pressure from the Reagan
+  Administration, Ottawa was not considering any kind of formal
+  limits on Canadian shipments to the U.S.
+      "In a sense what I hope we are doing is buying some time,"
+  said one official who claimed Canadian companies were "fair
+  traders" in the big American market.
+      If approved by the Canadian cabinet, the officials said a 
+  monitoring system will be established in the next three or four
+  months.
+      "I guess if we find trans-shipment is a problem, we would
+  have to do something about it," said a trade official.
+      Canadian steel shipments to the U.S. have risen to 5.7 pct
+  of the U.S. market in recent months, almost double the level
+  just two years ago.
+      The increase in Canadian shipments comes at a time of
+  growing anger in the U.S. over rising steel imports from
+  several countries in the face of a decline among domestic steel
+  producers.
+      Some U.S. lawmakers have proposed Canada's share of the
+  American market be limited to 2.4 per cent.
+      The Ontario Government has urged Ottawa to require foreign
+  companies to obtain permits to import steel into the country.
+  Currently, import licences are required only for carbon or raw
+  steel, which makes up less than half the steel market.
+      Canada exported two billion Canadian dlrs worth of steel in
+  1986, while importing 944-mln dlrs worth of the product in the
+  same year.
+  
+
diff --git a/reuters/training/9556 b/reuters/training/9556
new file mode 100644
index 0000000000000000000000000000000000000000..edb6cc3df34949f7b0df452f5dc3de48a6357513
--- /dev/null
+++ b/reuters/training/9556
@@ -0,0 +1,16 @@
+WESCO FINANCIAL CORP <WSC> 4TH QTR NET
+  Shr 79 cts vs 5.05 dlrs
+      Net 5,628,000 vs 35,936,000
+      Revs 41.8 mln vs 39.4 mln
+      Year
+      Shr 2.32 dlrs vs 7.24 dlrs
+      Net 16,524,000 vs 51,541,000
+      Revs 160.2 mln vs 114.9 mln
+      Note:  Current qtr figures include securities gain of 2.1
+  mln dlrs, or 29 cts per share, vs gain of 34.3 mln dlrs, or
+  4.81 dlrs per share.
+      Current year figures include security gain of 4.6 mln dlrs,
+  or 64 cts per share, vs gain of 41.5 mln dlrs, or 5.83 dlrs per
+  share.
+  
+
diff --git a/reuters/training/9557 b/reuters/training/9557
new file mode 100644
index 0000000000000000000000000000000000000000..1a6255a99f709614a1504009aa6031cdd88c2a0f
--- /dev/null
+++ b/reuters/training/9557
@@ -0,0 +1,13 @@
+HELM <H> SELLS ADDITIONAL SHARES IN BAMBERGER
+  Helm Resources Inc said that, pursuant
+  to the exercise of an overallotment option by underwriters in
+  Bamberger Polymers INc's initial public offering, it has sold
+  another 35,000 Bamberger shares and reduced its ownership in
+  Bamberger to 51 pct from 55 pct.
+      To date, Helm has sold 435,000 Bamberger's for 3.5 mln
+  dlrs.
+      Bamberger has sold a total of 600,000 shares and received
+  net proceeds of about 4.8 mln dlrs since the February 1987
+  offering.
+  
+
diff --git a/reuters/training/9558 b/reuters/training/9558
new file mode 100644
index 0000000000000000000000000000000000000000..af2a8daef9e0f8018c3cf7320eeb168a25a0ede2
--- /dev/null
+++ b/reuters/training/9558
@@ -0,0 +1,8 @@
+AMPAL-AMERICAN ISRAEL CORP <AIS.A> YEAR NET
+  Shr 27 cts vs 25 cts
+      Net 6,416,000 vs 5,988,000
+      Revs 112.2 mln vs 99.8 mln
+      NOTE: 1985 includes extraordinary income of 647,000 dlrs or
+  three cts/shr. 1985 restated.
+  
+
diff --git a/reuters/training/9559 b/reuters/training/9559
new file mode 100644
index 0000000000000000000000000000000000000000..4f9f753b4105cb34a57a607f95c0e057b0b6ace6
--- /dev/null
+++ b/reuters/training/9559
@@ -0,0 +1,30 @@
+COCOA COUNCIL CHAIRMAN SEEKS BUFFER COMPROMISE
+  International Cocoa Organization, ICCO,
+  Council chairman, Denis Bra Kanon, said he will attempt to
+  reach a compromise on buffer stock rules for the International
+  Cocoa Agreement.
+      Bra Kanon called for bilateral consultations among
+  producers and consumers Thursday morning to resolve outstanding
+  differences on how much non-member cocoa the buffer stock can
+  purchase and differentials to be fixed for different origin
+  cocoa, consumer delegates told reporters.
+      Bra Kanon is expected to meet with about eight delegations
+  individually in attempt to iron out remaining problems.
+      Producers and consumers indicated support "in principle" for
+  the draft buffer stock rules package formulated over the past
+  week by a small working group, consumer delegates said.
+      Despite remaining differences delegates remained confident
+  a buffer stock accord would be agreed to by Friday when the
+  council session ends, but certain technical points need further
+  clarification, the delegates said.
+      Certain consumers are concerned that differentials included
+  in the draft buffer stock package are out of line with market
+  realities, consumer delegates said.
+      Unless these are modified there are fears it would promote
+  purchases of quality cocoas, such as Ghana origin, which are
+  normally required by manufacturers, they said.
+      Restrictions on buffer stock purchases of non-member cocoa
+  might lead to a supply overhang in Malaysian cocoa, which would
+  depress prices, they added.
+  
+
diff --git a/reuters/training/9560 b/reuters/training/9560
new file mode 100644
index 0000000000000000000000000000000000000000..4354a9e0fff6720032572b549863b4f12a6ce2c0
--- /dev/null
+++ b/reuters/training/9560
@@ -0,0 +1,24 @@
+SNC GROUP EXPECTS HIGHER 1987 EARNINGS, SALES
+  <SNC Group Inc> expects 1987 earnings
+  to rise to 1.20-1.40 dlrs a share from 91 cts a share last
+  year, with revenues climbing to about 430 mln dlrs from last
+  year's 350 mln dlrs, president Alex Taylor said before the
+  annual meeting.
+      SNC, Canada's second biggest engineering and construction
+  group, became the country's largest ammunition manufacturer
+  last year with its 90 mln dlr acquisition of Canadian Arsenals
+  Ltd from the Canadian government.
+      The impact of that and several smaller deals will be felt
+  fully in 1987, Taylor said.
+      Defense preoducts and other manufacturing operations will
+  account for more than half SNC's total 1987 revenues, helping
+  to counterbalance the more cyclical engineering and
+  construction acivities, Taylor said.
+      Last year, SNC earned 8.7 mln dlrs, including a small
+  extraordinary gain.
+      In 1987, a total manufacturing activities will generate
+  about 235 mln dlrs in revenues, and engineering and
+  construction about 200 mln dlrs, he said, adding that defense
+  products operations should be a major contributor to earnings.
+  
+
diff --git a/reuters/training/9561 b/reuters/training/9561
new file mode 100644
index 0000000000000000000000000000000000000000..2166d8ef88a4756be79ddf92bc73040caf25574c
--- /dev/null
+++ b/reuters/training/9561
@@ -0,0 +1,14 @@
+MINE SAFETY <MNES> SELLS SOUTH AFRICA UNIT
+  Mine Safety Appliances Co said it
+  will sell through its German subsidiary, Auergesellschaft, its
+  controlling interest in MSA (Africa), (PTY) Ltd, of
+  Johannesburg, South Africa to Boart International, a wholly-
+  owned subsidiary of Anglo American Corp of South Africa Ltd
+  <ANGL>.
+      The company said the terms of the sale were not disclosed.
+      The company will operate as Boart-MSA (PTY) Ltd, it said.
+      L.N. Short Jr, president of the company, said it sold the
+  unit because of slumping profits due to South Africa's economic
+  decline.
+  
+
diff --git a/reuters/training/9562 b/reuters/training/9562
new file mode 100644
index 0000000000000000000000000000000000000000..a509e33185a594f0d31a37aea07333abb4f08aab
--- /dev/null
+++ b/reuters/training/9562
@@ -0,0 +1,18 @@
+MEDAR INC <MDXR> 4TH QTR DEC 31 LOSS
+  Shr loss 10 cts vs loss nine cts
+      Net loss 558,800 vs loss 469,200
+      Sales 5.5 mln vs two mln
+      Nine mths ended Dec 31
+      Shr profit two cts vs loss four cts
+      Net profit 91,045 vs loss 207,000
+      Sales 17.3 mln vs 8.4 mln
+      Avg shrs 5,465,433 vs 5,037,819
+      Year ended March 31
+      Shr loss 28 cts vs profit 19 cts
+      Net loss 1,356,321 vs profit 818,723
+      Sales 10.9 mln vs 12.2 mln
+      Avg shrs 4,862,499 vs 4,683,591
+      Note: Medar changed end of fiscal year to December 31 to be
+  more in phase with business cycle of its major customers.
+  
+
diff --git a/reuters/training/9563 b/reuters/training/9563
new file mode 100644
index 0000000000000000000000000000000000000000..7050f32f9810b894d8f168796770c6e9fe06bd01
--- /dev/null
+++ b/reuters/training/9563
@@ -0,0 +1,12 @@
+MEDAR <MDXR> CHANGES FISCAL YEAR
+  Medar Inc said it
+  changed the end of its fiscal year to December 31 from March
+  31.
+      The company, in reporting its annual results, said the
+  change was made to bring its financial reporting in phase with
+  the order cycle of its major customers.
+      Medar earlier said it lost 558,800 dlrs in its final 1986
+  quarter, compared to a loss of 469,200 dlrs in the same 1985
+  quarter.
+  
+
diff --git a/reuters/training/9565 b/reuters/training/9565
new file mode 100644
index 0000000000000000000000000000000000000000..6cb4ff87517affd71b59c8f3d6b8a88f56eb7556
--- /dev/null
+++ b/reuters/training/9565
@@ -0,0 +1,5 @@
+U.S. SECURITIES INDUSTRY ASSN BACKS RESTRAINTS ON TAKEOVERS, INSIDER TRADING
+
+  U.S. SECURITIES INDUSTRY ASSN BACKS RESTRAINTS ON TAKEOVERS, INSIDER TRADING
+  
+
diff --git a/reuters/training/9566 b/reuters/training/9566
new file mode 100644
index 0000000000000000000000000000000000000000..a625a41536f43843bd915c2ffdefd98706fb35a6
--- /dev/null
+++ b/reuters/training/9566
@@ -0,0 +1,11 @@
+CHEMFIX TECHNOLOGIES INC <CFIX> 2ND QTR NET
+  Ended Feb 28
+      Shr profit one ct vs loss four cts
+      Net profit 53,040 vs loss 255,568
+      Revs 2,252,246 vs 755,605
+      Six mths
+      Shr profit three cts vs loss eight cts
+      Net profit 217,884 vs loss 517,538
+      Revs 4,895,720 vs 1,569,662
+  
+
diff --git a/reuters/training/9570 b/reuters/training/9570
new file mode 100644
index 0000000000000000000000000000000000000000..a98fb23aa06884e8fdb51232fe66cf5cbd9cc1dd
--- /dev/null
+++ b/reuters/training/9570
@@ -0,0 +1,8 @@
+ALLIS-CHALMERS <AH> SELLS SWISS UNIT
+  Allis-Chalmers Corp said it
+  has sold its Elex Ag unit in Zurich, Switzerland, to private
+  investors for an undisclosed amount.
+      The company said Elex produces electrostatic precipitators
+  used in air pollution control.
+  
+
diff --git a/reuters/training/9572 b/reuters/training/9572
new file mode 100644
index 0000000000000000000000000000000000000000..0a2b90a30753bbe6f593fae692209edd9e371a03
--- /dev/null
+++ b/reuters/training/9572
@@ -0,0 +1,7 @@
+FLORIDA EMPLOYERS INSURANCE CO <FLAE> YEAR 1986
+  Shr 29 cts vs nine cts
+      Net 651,000 vs 214,000
+      NOTE: 1986 net includes loss of 500,000 dlrs for
+  extraordinary item.
+  
+
diff --git a/reuters/training/9573 b/reuters/training/9573
new file mode 100644
index 0000000000000000000000000000000000000000..db9b34f4fe3fdc8687a111c7541b541bf5991717
--- /dev/null
+++ b/reuters/training/9573
@@ -0,0 +1,6 @@
+SHELL OIL GETS 104.3 MLN DLR CONTRACT
+  Shell Oil Co of Houston has been
+  awarded a 104.3 mln dlr contract for jet fuel, the Defense
+  Logistics Agency said.
+  
+
diff --git a/reuters/training/9576 b/reuters/training/9576
new file mode 100644
index 0000000000000000000000000000000000000000..520e5e2e1ab4a041d67d32ef8157fbbda2b48391
--- /dev/null
+++ b/reuters/training/9576
@@ -0,0 +1,10 @@
+NIKE INC <NIKE> 3RD QTR FEB 28 NET
+  Shr 12 cts vs 30 cts
+      Net 4,255,000 vs 11.5 mln
+      Revs 199.4 mln vs 258.7 mln
+      Nine mths
+      Shr 64 cts vs 1.19 dlrs
+      Net 24.4 mln vs 45.5 mln
+      Revs 639.7 mln vs 824.3 mln
+  
+
diff --git a/reuters/training/9577 b/reuters/training/9577
new file mode 100644
index 0000000000000000000000000000000000000000..7815c0b7336fb9bd32a73498e25465d8e5f03674
--- /dev/null
+++ b/reuters/training/9577
@@ -0,0 +1,7 @@
+ZENITH NATIONAL INSURANCE <ZNAT> QTLY DIVIDEND
+  Shr 20 cts vs 20 cts prior qtr
+      Pay May 14
+      Record April 30
+      Note: Full name Zenith National Insurance Corp.
+  
+
diff --git a/reuters/training/9578 b/reuters/training/9578
new file mode 100644
index 0000000000000000000000000000000000000000..da8a72408bc6e5995fb8f0a724fa38094d9c9af6
--- /dev/null
+++ b/reuters/training/9578
@@ -0,0 +1,6 @@
+REDKIN LABORATORIES INC <RDKN> QTLY DIVIDEND
+  Shr five cts vs five cts prior qtr
+      Pay April 17
+      Record April 3.
+  
+
diff --git a/reuters/training/958 b/reuters/training/958
new file mode 100644
index 0000000000000000000000000000000000000000..7b47db9976130c8fd5edcd91bdf2a25bc892a6a4
--- /dev/null
+++ b/reuters/training/958
@@ -0,0 +1,3 @@
+ 3-MAR-1987 07:35:58.11
+   3-MAR-1987 07:35:58.11
+
diff --git a/reuters/training/9580 b/reuters/training/9580
new file mode 100644
index 0000000000000000000000000000000000000000..10b262efe8c82dd64cab88dfb9e4d8852691536b
--- /dev/null
+++ b/reuters/training/9580
@@ -0,0 +1,6 @@
+COOPERVISION INC <EYE> QTLY DIVIDEND
+  Shr 10 cts vs 10 cts prior qtr
+      Pay April 17
+      Record April 9.
+  
+
diff --git a/reuters/training/9582 b/reuters/training/9582
new file mode 100644
index 0000000000000000000000000000000000000000..22534901866ac671c99a48f7144714b54b9a7e06
--- /dev/null
+++ b/reuters/training/9582
@@ -0,0 +1,54 @@
+U.S. SECURITIES GROUP BACKS INSIDER RESTRAINTS
+  The Securities Industry Association
+  backed a variety of restraints on insider trading and hostile
+  corporate takeovers and asked Congress to define insider
+  trading in law.
+      The industry trade association called on U.S. securities
+  firms to take steps to protect sensitive corporate secrets to
+  guard against illegal trading by employees.
+      The association also backed broad federal restrictions on a
+  variety of tactics used in hostile corporate takeovers.
+      But it said investment banking firms should be allowed to
+  continue to engage in both arbitrage and merger and acquisition
+  activities so long as those functions were kept separate.
+      The SIA, in a report adopted yesterday by its board of
+  directors, backed a higher enforcement budget for the federal
+  Securities and Exchange Commission and called on U.S. stock
+  exchanges to beef up their supervision of member brokerages.
+      The report said securities firms "should be more rigorous in
+  restricting sensitive information on a need-to-know basis."
+      It said firms should train their employees to understand
+  the need for confidentiality of market-sensitive information.
+      It said legislation to define insider trading should avoid
+  expanding current law in a way that would impede the market.
+      It said an insider trading definition should exempt a
+  securities firm from liability for law violations by its
+  employees unless the firm had participated in or was aware of
+  the wrongdoing.
+      In the mergers and acquisitions area, the association
+  advocated a ban on greenmail payments or poison pill takeover
+  protection plans without prior shareholder approval.
+      It said a group or individual buying up a company's stock
+  should be required to file a public disclosure statement before
+  acquiring more than five pct of the company's shares. Under
+  current law, disclosure may be made as late as ten days after
+  exceeding the five pct limit.
+      The association said all purchases exceeding 20 pct of a
+  company's voting stock shouls be made only through a tender
+  offer open to all shareholders. Under current law there is no
+  limit on open market purchases.
+      The group said the federal government should preempt state
+  regulation of defensive takeover tactics.
+      The group said all tender offers should remain open for at
+  least 30 calendar days.
+      The current requirement is expressed in business days.
+      It said so-called "lockup" devices, in which securities are
+  issued to a friendly investor to seal a takeover deal or fend
+  off an unfriendly predator should be limited to 18.5 pct of the
+  target company's total common stock.
+      Association president Edward O'Brien said the group acted
+  out of concern over the ad hoc restructuring of corporate
+  America on Wall Street and investor fears about insider trading
+  and fairness in the marketplace.
+  
+
diff --git a/reuters/training/9583 b/reuters/training/9583
new file mode 100644
index 0000000000000000000000000000000000000000..e185dd3f9be638b3e638ff1848faf10a8f646960
--- /dev/null
+++ b/reuters/training/9583
@@ -0,0 +1,44 @@
+TEXACO <TX> RESERVES DOWN DESPITE LOWER OUTPUT
+  Texaco Inc's oil and gas reserves
+  declined in 1986 despite reduced production and upward
+  revisions in the company's previous reserve estimates, its
+  annual report said.
+      The statement of the report's auditor was qualified -- as
+  was the previous one -- because of the unkonwn final impact of
+  the judgement won by Pennzoil Co <PZL> against Texaco on
+  charges Texaco interfered with Pannzoil's contract to acquire
+  Getty Oil Co.
+      The auditor's point out, as Texaco has in the past, the
+  company's loss of any of several pending court decisions in
+  this case could cause it "to face prospects such as having to
+  seek protection of its assets and business pursuant to the
+  bankruptcy and reorganization provisions of Chapter 11" of the
+  federal bankruptcy code.
+      Commenting on a Texas Court of Appeals ruling which reduced
+  Pennzoil's judgement by two billion dlrs, to 9.1 billion dlrs,
+  Texaco said it will file a motion for a rehearing by the
+  appeals court no later than March 30.
+      Texaco said the proven crude oil reserves of the company
+  and its consolidated subsidiaries totaled 2.54 billion barrels
+  at the end of 1986, down from 2.69 billion a year earlier.
+      However, inclusion of Texaco's equity in the Eastern
+  Hemisphere reserves of a nonsubsidiary company limited the
+  decline to 2.91 billion barrels from 3.00 billion at the end of
+  1985.
+      Worldwide production by the consolidated subsidiaries
+  declined to 341 mln barrels last year from 362 mln in 1985 and
+  upward revisions in previous reserve estimates rose to 143 mln
+  barrels from 117 mln, respectively.
+      Texaco said the largest drop in reserves came in the United
+  States -- where the total dropped to 1.46 billion barrels from
+  1.55 billion.
+      The company said U.S. liquids production averaged 660,000
+  barrels per day last year, down from 714,000 in 1985, with
+  about 44 pct of the decline -- some 24,000 barrels per day --
+  representing high-cost production shut-in or curtailed in
+  response to the decline in crude oil prices during 1986.
+      Texaco said its natural gas reserves totaled 8.16 trillion
+  cubic feet at year end, down from 8.87 trillion cubic feet at
+  the end of 1985.
+  
+
diff --git a/reuters/training/9585 b/reuters/training/9585
new file mode 100644
index 0000000000000000000000000000000000000000..03ccdf050f2a6710b204822b9d89f505c428a13d
--- /dev/null
+++ b/reuters/training/9585
@@ -0,0 +1,17 @@
+INT'L MINERALS PROJECT TO BOOST HOG LEAN WEIGHT
+  International Minerals and
+  Chemical Corp said its board approved a 50 mln dlrs budget over
+  the next several years to build production facilities for a
+  newly developed product to be used to improve the lean weight
+  of hogs.
+      The new product, porcine somatotropin (PST) is described as
+  a natural bio-synthetic protein that improves the lean weight
+  and rate of weight gain, as well as reduces the cost of feed
+  for market hogs, the company said.
+      Specific details of the PST production project, including
+  sites for proposed facilities and engineering plans, were not
+  disclosed. International Minerals said it set a completion
+  target for the spring of 1989, by which time necessary Food and
+  Drug Administration approvals are expected to be obtained.
+  
+
diff --git a/reuters/training/9587 b/reuters/training/9587
new file mode 100644
index 0000000000000000000000000000000000000000..6d68c3bcbad5d6709d55ae2b0f1948489ea48bfe
--- /dev/null
+++ b/reuters/training/9587
@@ -0,0 +1,6 @@
+PULITZER PUBLISHING CO <PLTZC> DECLARES QTLY DIV
+  Qtly div 10 cts vs 10 cts prior
+      Pay May 1
+      Record April 10
+  
+
diff --git a/reuters/training/9588 b/reuters/training/9588
new file mode 100644
index 0000000000000000000000000000000000000000..69abfa7186ee6f3802ea00d2558ca1d3fed5be8d
--- /dev/null
+++ b/reuters/training/9588
@@ -0,0 +1,6 @@
+FEDERAL CO <FFF> SETS REGULAR PAYOUT
+  Qtly 29-1/2 cts vs 29-1/2 cts prior
+      Payable June 1 
+      Record May 1.
+  
+
diff --git a/reuters/training/9590 b/reuters/training/9590
new file mode 100644
index 0000000000000000000000000000000000000000..9a8b6887db5be304a731f17014a6a2b7459197f9
--- /dev/null
+++ b/reuters/training/9590
@@ -0,0 +1,32 @@
+SOUTHWESTERN BELL <SBC> SEES EARNINGS DILUTION
+  Southwestern Bell Corp said that
+  its planned acquisitions of cellular telephone and paging
+  systems, including those of <Metromedia Inc>, will result in
+  some initial earnings dilution and an increase in debt ratio.
+      In a letter to shareholders in its 1986 annual report, the
+  regional Bell company did not indicate the degree of earnings
+  dilution it expects from the acquisitions, which total some
+  1.38 billion dlrs. However, the company said the rise in its
+  debt ratio will be temporary and will leave its debt level
+  within an acceptable range.
+      In its 1986 yearend financial statement, Southwestern Bell
+  listed a debt-to-equity ratio of 43.4 pct, down slightly from
+  43.7 pct in 1985.
+      In 1986, the company earned 1.02 billion dlrs, or 10.26
+  dlrs a share, compared with 996.2 mln dlrs, or 10 dlrs a share
+  in 1985. Revenues dipped to 7.90 billion dlrs from 7.93 billion
+  dlrs.
+      Southwestern Bell said it expects the new tax law to have a
+  negative impact on its cash flow, due mainly to the loss of
+  investment tax credits.
+      By mid-year, however, the company said a reduced corporate
+  tax rate should have a positive impact on its net income and
+  cash flow.
+      In addition, the company said it is projecting a 1.7 pct
+  gain in customer telephone lines and a three to four pct
+  increase in long distance calling volumes.
+      Southwestern Bell said 1987 capital expenditures will be
+  lower that the 1.97 billion dlrs spent in 1986, a year in which
+  expenditures were held below budget.
+  
+
diff --git a/reuters/training/9592 b/reuters/training/9592
new file mode 100644
index 0000000000000000000000000000000000000000..0b4bbc76e00b9558d21e2532704338fb5622192c
--- /dev/null
+++ b/reuters/training/9592
@@ -0,0 +1,23 @@
+BRAZIL WANTS TO INCREASE STEEL EXPORTS TO U.S.
+  Brazil wants to increase its
+  steel exports to the United States, now limited because of
+  tough import restraints set in 1984 by the Reagan
+  administration, a spokeswoman for the Brazilian Steel Institute
+  (IBS) said.
+      Brazilian and U.S. Trade officials held the first of a
+  three-day meeting today in Brasilia to discuss the issue.
+      In 1984, after three months of painstaking negotiations,
+  the U.S. Government reached accords with seven steel-exporting
+  nations - Australia, Brazil, Japan, Mexico, Spain, South Africa
+  and South Korea - to reduce their shipments to the United
+  States by about 30 pct in 1985.
+      The 1984 restraints established that for 1987 Brazil's
+  steel exports to the U.S. Could not exceed 632,000 tonnes,
+  increasing to 640,000 tonnes in 1988 and 670,000 tonnes in
+  1989, the last of the five-year deadline set by the agreements.
+      Brazilian officials are trying to increase Brazil's export
+  share of non-flat products to the U.S. Market.
+      The spokeswoman said there were reports of domestic supply
+  problems in the United States.
+  
+
diff --git a/reuters/training/9597 b/reuters/training/9597
new file mode 100644
index 0000000000000000000000000000000000000000..59a3510a054c81b44df029df20841d5228e7f396
--- /dev/null
+++ b/reuters/training/9597
@@ -0,0 +1,5 @@
+LEAR SIEGLER HOLDING CORP PLANS TO DIVEST AEROSPACE SUBSIDIARY
+
+  LEAR SIEGLER HOLDING CORP PLANS TO DIVEST AEROSPACE SUBSIDIARY
+  
+
diff --git a/reuters/training/9598 b/reuters/training/9598
new file mode 100644
index 0000000000000000000000000000000000000000..99e5bac1b7fda28ca3787b03190cfbf777b05d41
--- /dev/null
+++ b/reuters/training/9598
@@ -0,0 +1,5 @@
+VARITY CORP YEAR SHR LOSS 21 CTS VS LOSS 16 CTS
+
+  VARITY CORP YEAR SHR LOSS 21 CTS VS LOSS 16 CTS
+  
+
diff --git a/reuters/training/9599 b/reuters/training/9599
new file mode 100644
index 0000000000000000000000000000000000000000..3c521caf0d2b4dda44a5e6d01e9883ea18cc6ea4
--- /dev/null
+++ b/reuters/training/9599
@@ -0,0 +1,9 @@
+NORDSON <NDSN> SETS 3-FOR-2 SPLIT
+  Nordson Corp said its board
+  declared a 3-for-2 stock split to be paid as a 50 pct stock
+  dividend on April 30 to shareholders of record April 10.
+      As a result, the number of shares outstanding will increase
+  to 10.2 mln from 6.8 mln, the maker of industrial equipment
+  said.
+  
+
diff --git a/reuters/training/96 b/reuters/training/96
new file mode 100644
index 0000000000000000000000000000000000000000..1225930a2dab64c438754c1bc003e187fd5dd217
--- /dev/null
+++ b/reuters/training/96
@@ -0,0 +1,10 @@
+INVESTMENT FIRMS CUT CYCLOPS <CYL> STAKE
+  A group of affiliated New York
+  investment firms said they lowered their stake in Cyclops Corp
+  to 260,500 shares, or 6.4 pct of the total outstanding common
+  stock, from 370,500 shares, or 9.2 pct.
+      In a filing with the Securities and Exchange Commission,
+  the group, led by Mutual Shares Corp, said it sold 110,000
+  Cyclops common shares on Feb 17 and 19 for 10.0 mln dlrs.
+  
+
diff --git a/reuters/training/960 b/reuters/training/960
new file mode 100644
index 0000000000000000000000000000000000000000..0cd01fe997f7a6f6af7227bd4d778bc1bd887c15
--- /dev/null
+++ b/reuters/training/960
@@ -0,0 +1,56 @@
+HK HOTELS SOARS ON TAKEOVER SPECULATION
+  The price of Hongkong and Shanghai
+  Hotels Ltd <SHLH.HK>'s stock soared on speculation of a
+  takeover battle between major shareholders the Kadoorie family
+  and the Evergo Industrial Enterprise Ltd <EVGH.HK> group, stock
+  brokers said.
+      They noted heavy buying in Hk Hotel shares after an
+  announcement by Evergo's <China Entertainment and Land
+  Investment Co Ltd> unit that it bought about 20 pct of Hk
+  Hotels from the firm's deputy chairman David Liang for 1.06
+  billion dlrs. The stock rose 12 H.K. Dlrs to 62 dlrs today.
+      Thomas Lau, Evergo's executive director, declined comment
+  on whether the group is seeking a further stake in Hk Hotels.
+  But he told Reuters the group will hold the 20 pct stake bought
+  from Liang as long term investment.
+      He said Evergo "was attracted by the underlying strength of
+  Hk Hotels."
+      Analysts said Evergo may be looking for a possible
+  redevelopment of the Peninsula Hotel, one of Asia's best known
+  hotels, and another site on Hong Kong island. Both are owned by
+  Hk Hotels.
+      <Lai Sun Garment Co ltd> yesterday said it acquired a 10
+  pct stake in Hk Hotels from Liang for 530 mln dlrs.
+      Lau denied any link between China Entertainment and Lai Sun
+  on their acquisitions of the Hk Hotels stake.
+      "It is purely coincidence," he said.
+      But analysts were not so certain, saying that the Evergo
+  group, which has a reputation as a corporate raider, may team
+  up with Lai Sun Garment for a takeover.
+      Lau also denied any contact with the Kadoorie family, which
+  analysts estimate has more than 20 pct of Hk Hotels. Michael
+  Kadoorie is chairman of Hk Hotels.
+      Lau said two representatives of Evergo will be nominated to
+  the Hk Hotels board.
+      A source close to the Kadoorie family said the family has
+  not considered any countermoves so far.
+      Analysts said it would be difficult for Evergo and the
+  Kadoorie family to cooperate because of different management
+  styles.
+      "Evergo may want to split up the hotel management and
+  property developments of Hk Hotels but that strategy may not
+  fit the conservative Kadoorie family," said an analyst who asked
+  not to be named.
+      Another analyst noted the price of Hk Hotels had been
+  distorted by the takeover talks because its net asset value is
+  only worth about 50 dlrs a share. The offers by Evergo and Lai
+  Sun were for 53 dlrs a share, though that is well below the
+  current trading price.
+      Trading was suspended today in shares of Lai Sun, Evergo,
+  China Entertainment and the group's associate <Chinese Estates
+  Ltd>.
+      Chinese Estates lost 25 cents to 20.15 dlrs yesterday,
+  China Entertainment five to 8.60 dlrs and Evergo one to 74
+  cents. Lai Sun gained 50 cents to 70.50 dlrs.
+  
+
diff --git a/reuters/training/9600 b/reuters/training/9600
new file mode 100644
index 0000000000000000000000000000000000000000..b2a68d0f922a8791a0bbcdee23413694883e6561
--- /dev/null
+++ b/reuters/training/9600
@@ -0,0 +1,5 @@
+BALDRIGE SEES U.S. TRADE DEFICIT STARTING TO DECLINE IN FEB OR MARCH DATA
+
+  BALDRIGE SEES U.S. TRADE DEFICIT STARTING TO DECLINE IN FEB OR MARCH DATA
+  
+
diff --git a/reuters/training/9603 b/reuters/training/9603
new file mode 100644
index 0000000000000000000000000000000000000000..2597215ae25259dc75534324da7dffc888cfb7d6
--- /dev/null
+++ b/reuters/training/9603
@@ -0,0 +1,22 @@
+BALDRIGE SEES U.S. TRADE GAP DROPPING SOON
+  Commerce Secretary Malcolm Baldrige
+  said the U.S. trade deficit should start to decline soon,
+  possibly in the figures for February or March.
+      "We could see the trade deficit start down in February or
+  March," Baldrige said in an appearance before the Senate
+  Governmental Affairs Committee.
+      He predicted the trade deficit, which was 170 billion dlrs
+  in 1986, would decline by 30 to 40 billion dlrs in 1987 and in
+  1988.
+      Baldrige said he was making his prediction without having
+  seen the February trade figures, but he said that the volume of
+  imports has dropped beginning with the fourth quarter of 1986
+  and will continue to drop in this quarter.
+      The eventual turnaround in the monthly trade figures will
+  reflect the impact of the decline in the dollar, Baldrige said.
+      Ealier, Treasury Secretary James Baker told the committee
+  that the trade deficit had levelled off, but Baldrige said he
+  was more optimistic, adding, "I think we turned the corner in
+  February."
+  
+
diff --git a/reuters/training/9604 b/reuters/training/9604
new file mode 100644
index 0000000000000000000000000000000000000000..17dcdcce24d6d0ce432e44f9daf7b97ab94eccdd
--- /dev/null
+++ b/reuters/training/9604
@@ -0,0 +1,22 @@
+NORMAL WORK RESUMES AT NEW ZEALAND PORTS
+  Normal work has resumed at New
+  Zealand ports as negotiations between harbour board workers and
+  employers continue.
+      Wellington Harbour Board Workers' Union secretary Ross
+  Wilson told reporters talks late yesterday ended with agreement
+  to take unresolved issues before an industrial conciliator.
+      Wilson said the only remaining issue is the length of the
+  union award. The dispute originally was about wage rates and
+  the form of industry negotiations.
+      Cook Strait ferry sailings resumed after Marlborough
+  Harbour Board workers returned to work this morning, ending
+  their industrial action a day early.
+      The Waterside Workers' Federation, which struck for most of
+  last week and held more than one mln tonnes of shipping in
+  ports, meets on Monday and Tuesday in conciliation with the
+  Waterfront Employers' Association.
+      Union Secretary Sam Jennings said: "We've got two days of
+  talks. If it's not all cleaned up by then ... I don't know what
+  will happen."
+  
+
diff --git a/reuters/training/9605 b/reuters/training/9605
new file mode 100644
index 0000000000000000000000000000000000000000..1ffb5b80908740e0e320fa616d82a910ae5f8d03
--- /dev/null
+++ b/reuters/training/9605
@@ -0,0 +1,14 @@
+VARITY CORP <VAT> 4TH QTR JAN 31 LOSS
+  Shr loss 13 cts vs loss one ct
+      Net loss 18,600,000 vs profit 3,300,000
+      Revs 394.0 mln vs 351.0 mln
+      YEAR
+      Shr loss 21 cts vs loss 16 cts
+      Net loss 23,300,000 vs profit 3,900,000
+      Revs 1.36 billion vs 1.29 billion
+      Note: Current yr loss includes reorganization charge of
+  15.2 mln dlrs vs yr-ago reorganization charge of 17.6 mln dlrs.
+      Shr after preferred divs.
+      U.S. dlrs.
+  
+
diff --git a/reuters/training/9606 b/reuters/training/9606
new file mode 100644
index 0000000000000000000000000000000000000000..a07aa92e7cd9202b5a7279bff39ac11e15039430
--- /dev/null
+++ b/reuters/training/9606
@@ -0,0 +1,9 @@
+INDIANA FEDERAL <IFSL> 4TH QTR NET
+  Net 492,000 vs 677,000
+      Year
+      Net 2,650,000 vs 2,566,000
+      NOTE: Company's full name is Indiana Federal Savings and
+  Loan Association. Per share information not available. Bank
+  went public on February 11, 1987.
+  
+
diff --git a/reuters/training/9607 b/reuters/training/9607
new file mode 100644
index 0000000000000000000000000000000000000000..674118a1623745362084890aab3b11c8baf68c91
--- /dev/null
+++ b/reuters/training/9607
@@ -0,0 +1,44 @@
+LEAR-SIEGLER HOLDING TO DIVEST AEROSPACE UNIT
+  Forstmann Little and Co said Lear
+  Siegler Holding Corp plans to divest its aerospace group
+  subsidiary, comprised of the Defense Electronics Group and the
+  Components Group.
+      Divestitures had been expected since Lear-Siegler, a
+  diversified conglomerate, was acquired last December in a 2.1-
+  billion-dlr-leveraged buyout by the Wall Street firm of
+  Forstmann Little.
+      Lear's aerospace group revenues for fiscal 1987 are
+  expected to be about 700 mln dlrs, said Forstmann.
+      The Defense Electronics Group designs and manufactures
+  weapons, management systems, flight control systems, remotely
+  piloted vehicles and reference and navigation systems, mainly
+  for military markets.
+      The Defense Group subsidiaries are Astronics Corp, which is
+  based in Santa Monica, Calif., and employs 1,076 people;
+  Instrument and Avionic Systems Corp, based in Grand Rapids,
+  Mich., and employs 3,479 people; International Corp, based in
+  Stamford, Conn., and employs 266 people; and Development
+  Sciences Corp, based in Ontario, Calif., and employs 237
+  people.
+      The Components Group manufactures pumps, bearings, and
+  other industrial components as well as nuclear control drive
+  rod mechanisms and valves.
+      The Group's subsidiaries include Power Equipment Corp,
+  based in Cleveland, which employs 880 people; Energy Products
+  Corp, based in Santa Ana, Calif., which employs 755 people; 
+  Romek Corp, based in Elyria, Ohio, which employs 262 people;
+  and Transport Dynamics in Santa Ana, which employs 254 people.
+      Overall, Lear's Aerospace Group's eight subsidiaries
+  employs 7,200 people.
+      Lear Siegler said it plans to retain Management Services
+  Corp, engaged in aircraft maintenance modification for various
+  Department of Defense agencies.
+      Morgan Stanley and Co will act as financial advsiors for
+  the group's divestitures.
+      Last month, Lear Siegler said it planned to sell its Smith
+  and Wesson handgun business, Starcraft Recreational Products
+  Ltd, the Peerless truck trailer operations, and other units, as
+  part of its restructuring plans.
+      Lear apparently will retain its Piper Aircraft unit.
+  
+
diff --git a/reuters/training/9608 b/reuters/training/9608
new file mode 100644
index 0000000000000000000000000000000000000000..2235c993ba25cf375fbe5d1e9ccc09d23df1d9f9
--- /dev/null
+++ b/reuters/training/9608
@@ -0,0 +1,10 @@
+RUBBERMAID <RBD> COMPLETES ACQUISITIONS
+  Rubbermaid Inc said it completed
+  the previously announced acquisitions of Viking Brush Ltd, a
+  Canadian maker of brushes, brooms and other cleaning aids, and
+  the Little Tikes' manufacturing licensee in Ireland.
+      Terms were not disclosed.
+      The acquisition of the Tikes' licensee is part of the
+  expansion of Little Tikes in the European toy market.
+  
+
diff --git a/reuters/training/9610 b/reuters/training/9610
new file mode 100644
index 0000000000000000000000000000000000000000..308f7ab0581351c4b466c3611d017bde575bf957
--- /dev/null
+++ b/reuters/training/9610
@@ -0,0 +1,13 @@
+CRYSTAL OIL CO <COR> 4TH QTR LOSS
+  Oper shr loss 16 cts vs loss 44 cts
+      Oper net loss 8,926,000 vs loss 14.4 mln
+      Revs 9,920,000 vs 21.2 mln
+      Year
+      Oper shr loss 4.30 dlrs vs loss 2.24 dlrs
+      Oper net loss 221.8 mln vs loss 53.7 mln
+      Revs 51.4 mln vs 94.4 mln
+      Note: Oper net excludes losses from discontinued operations
+  of 228,000 dlrs vs 4,253,000 dlrs for qtr and 10.4 mln dlrs vs
+  14.2 mln dlrs for year.
+  
+
diff --git a/reuters/training/9611 b/reuters/training/9611
new file mode 100644
index 0000000000000000000000000000000000000000..5d27eb262a715087d49c3b0ef46044cafaf8da1b
--- /dev/null
+++ b/reuters/training/9611
@@ -0,0 +1,11 @@
+CHEMFIX TECHNOLOGIES <CFIX> 2ND QTR FEB 28 NET
+  Shr profit one ct vs loss four cts
+      Net profit 53,040 vs loss 255,568
+      Rev 2,252,246 vs 755,605
+      Six months
+      Shr profit three cts vs loss eight cts
+      Net profit 217,884 vs loss 517,538
+      Rev 4.9 mln vs 1.6 mln
+      NOTE: Company's full name is Chemfix Technologies Inc.
+  
+
diff --git a/reuters/training/9612 b/reuters/training/9612
new file mode 100644
index 0000000000000000000000000000000000000000..9f3548a0e55877c15918530cf430f31f4e15e399
--- /dev/null
+++ b/reuters/training/9612
@@ -0,0 +1,6 @@
+FEDERAL-MOGUL CORP <FMO> SETS REGULAR DIVIDEND
+  Qtly div 40 cts vs 40 cts prior
+      Pay June 10
+      Record May 27
+  
+
diff --git a/reuters/training/9613 b/reuters/training/9613
new file mode 100644
index 0000000000000000000000000000000000000000..b7c83a26cd36ce3ea3dbd0b6234d3d8241e9b98b
--- /dev/null
+++ b/reuters/training/9613
@@ -0,0 +1,6 @@
+IOWA RESOURCES INC <IOR> DECLARES QTLY DIVIDEND
+  Qtly div 41 cts vs 41 cts prior
+      Pay May 1
+      Record April 8
+  
+
diff --git a/reuters/training/9614 b/reuters/training/9614
new file mode 100644
index 0000000000000000000000000000000000000000..6a66f41eea09900a5e56484907fa50068019b527
--- /dev/null
+++ b/reuters/training/9614
@@ -0,0 +1,5 @@
+EIA SAYS DISTILLATE STOCKS OFF 3.2 MLN BBLS, GASOLINE UP 2.2 MLN, CRUDE UP 7.5 MLN
+
+  EIA SAYS DISTILLATE STOCKS OFF 3.2 MLN BBLS, GASOLINE UP 2.2 MLN, CRUDE UP 7.5 MLN
+  
+
diff --git a/reuters/training/9615 b/reuters/training/9615
new file mode 100644
index 0000000000000000000000000000000000000000..edf22547a48032ca2c4a9886a56d2f4718b6ab40
--- /dev/null
+++ b/reuters/training/9615
@@ -0,0 +1,13 @@
+U.S. HOME RESALES UP IN FEBRUARY, REALTORS SAY
+  The National Association of Realtors
+  said sales of previously owned homes rose six pct during
+  February from January levels to a seasonally adjusted annual
+  rate of 3.69 mln units.
+      The realtors' group said the sales rise was apparent across
+  the country and reflected lower mortgage interest rates as well
+  as more housing demand.
+      Actual resales of homes during February totaled 241,000, up
+  11.6 pct from the January total of 216,000, the association
+  said.
+  
+
diff --git a/reuters/training/9617 b/reuters/training/9617
new file mode 100644
index 0000000000000000000000000000000000000000..2d49bbb40d1fa382a237541236b099563768d586
--- /dev/null
+++ b/reuters/training/9617
@@ -0,0 +1,44 @@
+LOWER U.S. SOYBEAN LOAN IDEA SHARPLY CRITICIZED
+  U.S. soybean lobbyists and
+  congressional aides criticized a proposal from a senior
+  Agriculture Department official that Congress allow the U.S.
+  soybean loan level to be officially lowered to 4.56 dlrs per
+  bushel next year.
+      "I don't know who in Congress would propose that happening.
+  Politically it would be totally unacceptable," an aide to a
+  senior farm-state senator said.
+      USDA undersecretary Daniel Amstutz said this week that
+  Congress should give USDA authority to keep the soybean loan 
+  at its current effective rate of 4.56 dlrs per bushel rather
+  than increasing it to its minimum allowed level of 4.77 dlrs.
+      "I'm convinced that Congress will not go along with this,"
+  American Soybean Association President Dave Haggard said.
+      Amstutz told reporters following a senate hearing that if
+  the soybean loan rate were 4.56 dlrs, USDA could then consider
+  ways to make U.S. soybeans more competitive.
+      His comments were seen as possibly indicating what the  the
+  administration's position is in the debate over what should be
+  done to make soybeans competitive and at the same time protect
+  soybean farmers' income.
+      Using soybean specific certificates to further buydown the
+  loan rate or implementation of a marketing loan have been
+  pointed to as the most effective ways to get soybean prices
+  competitive. USDA secretary Richard Lyng, however, continues to
+  maintain his opposition to a marketing loan, saying such a move
+  would be too costly.
+      "There will be alot of other options that will be
+  considered before Congress looks at that one (the Amstutz
+  proposal," said Bill O'Conner, aide to Rep. Edward Madigan
+  (R-Ill), ranking minority leader of the Agriculture Committee.
+      "Anybody representing large groups of soybean producers
+  would not be very excited about supporting a lower soybean
+  loan," O'Conner said.
+      Congress may very likely look at the soybean loan and
+  decide that they cannot increase it from its current 5.02 dlr
+  basic rate, but that there has to be something mandated to
+  increase soybean's competitiveness, David Graves, aide to Sen.
+  Thad Cochran (R-Miss) said. Cochran, a staunch supporter of a
+  soybean marketing loan, would support a soybean loan of 5.02 or
+  4.77 dlrs with a certificate buydown, Graves said.
+  
+
diff --git a/reuters/training/9618 b/reuters/training/9618
new file mode 100644
index 0000000000000000000000000000000000000000..d7ca0f4fad8b99eeb46bd33fcedf9941a845ebb9
--- /dev/null
+++ b/reuters/training/9618
@@ -0,0 +1,17 @@
+FIDUCIARY TRUST CO IN FIVE-FOR-ONE STOCK SPLIT
+  <Fiduciary Trust Co International>
+  said its shareholders at the annual meeting approved a
+  five-for-one stock split effective May 15, 1987, to holders of
+  record on April 15, 1987.
+      The company said the split would increase the number of
+  authorized common shares from 440,000 to 2,200,000 shares
+  issued. In addition, the company said it authorized another
+  800,000 shares, but would not issue them at this time.
+      The company also changed the stock's par value from 10 dlrs
+  a share to 2.50 dlrs a share.
+      It explained it transferred 1,100,000 dlrs from its
+  undivided profits account to its capital account in order to
+  raise the new par value from two dlrs, under the five-for-one
+  split, to 2.50 dlrs.
+  
+
diff --git a/reuters/training/9619 b/reuters/training/9619
new file mode 100644
index 0000000000000000000000000000000000000000..f577c47dd6e4dc4e08b72cf5de9fb480bf5b99f6
--- /dev/null
+++ b/reuters/training/9619
@@ -0,0 +1,8 @@
+MODULAIRE <MODX> BUYS BOISE HOMES PROPERTY
+  Modulaire Industries said it
+  acquired the design library and manufacturing rights of
+  privately-owned Boise Homes for an undisclosed amount of cash.
+      Boise Homes sold commercial and residential prefabricated
+  structures, Modulaire said.
+  
+
diff --git a/reuters/training/9625 b/reuters/training/9625
new file mode 100644
index 0000000000000000000000000000000000000000..e19d4a8d9e1dc5b1a95d16fb093cc99fc54e0c9f
--- /dev/null
+++ b/reuters/training/9625
@@ -0,0 +1,13 @@
+LA QUINTA MOTOR INNS INC<LQM>3RD QTR FEB 28 NET
+  Shr profit 25 cts vs loss nine cts
+      Net profit 3,433,000 vs loss 1,310,000
+      Revs 37.1 mln vs 39.0 mln
+      Nine mths
+      Shr profit 28 cts vs profit 27 cts
+      Net profit 3,883,000 vs profit 3,908,000
+      Revs 133.2 mln vs 132.0 mln
+      Avg shrs 13.8 mln vs 14.2 mln
+      Note: Current net includes gain on sale of 31 inns of
+  7,719,000 dlrs for qtr and 7,975,000 dlrs for nine mths.
+  
+
diff --git a/reuters/training/9626 b/reuters/training/9626
new file mode 100644
index 0000000000000000000000000000000000000000..e94e275884034a9e15015a5a001d479421b4d672
--- /dev/null
+++ b/reuters/training/9626
@@ -0,0 +1,5 @@
+KANSAS CITY SOUTHERN INDUSTRIES SAYS IT EAGER TO PURCHASE SOUTHERN PACIFIC RAILROAD
+
+  KANSAS CITY SOUTHERN INDUSTRIES SAYS IT EAGER TO PURCHASE SOUTHERN PACIFIC RAILROAD
+  
+
diff --git a/reuters/training/9628 b/reuters/training/9628
new file mode 100644
index 0000000000000000000000000000000000000000..30b5542ee1db67cef4418b2b3d627126ce8ff6ca
--- /dev/null
+++ b/reuters/training/9628
@@ -0,0 +1,24 @@
+U.S. CHIPMAKERS URGE SANCTIONS AGAINST JAPAN
+  The Semiconductor Industry
+  Association urged the U.S. government to impose trade sanctions
+  against Japan for violating the U.S.-Japan Semiconductor Trade
+  Agreement.
+      In a letter to Treasury Secretary James Baker the group
+  said sanctions should be imposed against Japanese chipmakers as
+  of April 1 and should continue until the United States is
+  satisfied that there is full compliance with the agreement.
+      The group said action by Japan to cut back on semiconductor
+  exports is not what is required.
+      "America's interests require that agreements be honored and
+  that U.S. industries not bear the burden for the persistent
+  unwillingness or inability of the government of Japan to
+  deliver on its commitments," the trade group said.
+      The White House Economic Policy Council is expected to
+  discuss possible sanctions against Japan at a meeting scheduled
+  for Thursday.
+      The trade group said Japan has not lived up to the terms of
+  the agreement last year which was aimed at ending Japanese
+  dumping of semiconductors and at opening Japanese markets to
+  foreign-based manufacturers.
+  
+
diff --git a/reuters/training/963 b/reuters/training/963
new file mode 100644
index 0000000000000000000000000000000000000000..6e7e55eb40b100ea97045050c4dfc97e0ff976b5
--- /dev/null
+++ b/reuters/training/963
@@ -0,0 +1,14 @@
+BRYSON PAYS 5.4 MLN DLRS FOR CENERGY CORP STAKE
+  <Bryson Oil and Gas Plc> said it paid a
+  cash consideration of around 5.4 mln dlrs for about 8.6 pct of
+  <Cenergy Corp>, a U.S. Oil and gas exploration and production
+  company.
+      Bryson said its board has been considering a number of
+  possible investments to expand the company's interests and
+  believes the opportunity to acquire an investment in Cenergy
+  provides a suitable extension to its existing U.S. Interests.
+      Cenergy reported a net loss of 7.27 mln dlrs in the nine
+  months to September 30, 1986 while total stockholders equity on
+  the same date was 40.72 mln dlrs.
+  
+
diff --git a/reuters/training/9634 b/reuters/training/9634
new file mode 100644
index 0000000000000000000000000000000000000000..38cb172ef2e153212f4d8ccb37390302044f4a0c
--- /dev/null
+++ b/reuters/training/9634
@@ -0,0 +1,32 @@
+RECENT U.S. OIL DEMAND UP 0.1 PCT FROM YEAR AGO
+  U.S. oil demand as measured by
+  products supplied rose 0.1 pct in the four weeks ended March 20
+  to 16.16 mln barrels per day from 16.15 mln in the same period
+  a year ago, the Energy Information Administration (EIA) said.
+      In its weekly petroleum status report, the Energy
+  Department agency said distillate demand was off 0.1 pct in the
+  period to 3.258 mln bpd from 3.260 mln a year earlier.
+      Gasoline demand averaged 6.72 mln bpd, off 1.2 pct from
+  6.80 mln last year, while residual fuel demand was 1.38 mln
+  bpd, off 2.1 pct from 1.41 mln, the EIA said.
+      Domestic crude oil production was estimated at 8.35 mln
+  bpd, down 7.8 pct from 9.06 mln a year ago, and gross daily
+  crude imports (excluding those for the SPR) averaged 3.44 mln
+  bpd, up 16.3 pct from 2.95 mln, the EIA said.
+      Refinery crude runs in the four weeks were 11.90 mln bpd,
+  up 1.4 pct from 11.74 mln a year earlier, it said.
+      In the first 78 days of the year, refinery runs were up 1.8
+  pct to an average 12.25 mln bpd from 12.04 mln in the year-ago
+  period, the EIA said.
+      Year-to-date demand for all petroleum products averaged
+  16.32 mln bpd, up 1.8 pct from 16.04 mln in 1986, it said.
+      So far this year, distillate demand rose 0.1 pct to 3.31
+  mln bpd from 3.30 mln in 1986, gasoline demand was 6.60 mln
+  bpd, up 0.1 pct from 6.59 mln, and residual fuel demand fell
+  0.4 pct to 1.42 mln bpd from 1.43 mln, the EIA said.
+      Year-to-date domestic crude output was estimated at 8.41
+  mln bpd, off 7.7 pct from 9.11 mln a year ago, while gross
+  crude imports averaged 3.96 mln bpd, up 28.1 pct from 3.09 mln,
+  it said.
+  
+
diff --git a/reuters/training/9635 b/reuters/training/9635
new file mode 100644
index 0000000000000000000000000000000000000000..711b57ad1c48d1652db1750e67190d672ffe0f54
--- /dev/null
+++ b/reuters/training/9635
@@ -0,0 +1,5 @@
+FED APPROVES CHEMICAL BANK ACQUISITION OF TEXAS COMMERCE BANCSHARES
+
+  FED APPROVES CHEMICAL BANK ACQUISITION OF TEXAS COMMERCE BANCSHARES
+  
+
diff --git a/reuters/training/9637 b/reuters/training/9637
new file mode 100644
index 0000000000000000000000000000000000000000..afe046712b85cebfd5aef1e817cca68dee973deb
--- /dev/null
+++ b/reuters/training/9637
@@ -0,0 +1,50 @@
+KANSAS CITY <KSU> READY TO BUY SOUTHERN PACIFIC
+  Kansas City Southern Industries Inc
+  said it is ready to promptly purchase the Southern Pacific
+  Transportation Co from Santa Fe Southern Pacific Corp <SFX> if
+  the Interstate Commerce Commission rejects Sante Fe's attempt
+  to reopen the merger of Southern and the Atchison, Tokepa and
+  Santa Fe Railway.
+      In a filing with the ICC late today, the company outlined
+  four conditions of its offer to acquire Southern Pacific.
+      Among the conditions are that Santa Fe enter into an
+  agreement to indemnify Kansas City for any contigent liabilites
+  of Southern Pacific existing as of the closing date, and that
+  the financial condition of Southern remain largely unchanged
+  from today onward.
+      "We are willing, even eager, to make a fair market value
+  offer in cash for the Southern Pacific," said Kansas City
+  Southern president and chief executive officer Landon H.
+  Rowland.
+      "This offer disproves the constant derogation of the
+  Sourthern Pacific by SFSP management, best exemplified by SFSP
+  Chief Executive John Schmidt's comment in ICC hearings that the
+  Southern Pacific was 'bankrupt,'" said Rowland.
+      He said that merging Southern with Kansas City will achieve
+  the benefits of an end-to-end merger while preseving the
+  independece of the Southern Pacific versus its existing prime
+  competitor, Santa Fe.
+      Kansas said that Southern's management had estimated the
+  value of the railroad in 1983 in the range of 281 mln dlrs to
+  1.2 billion dlrs.
+      It said that Morgan Stanley and Co Inc and Salomon Brothers
+  Inc, hired in 1983 to advise Southern and Santa Fe in their
+  merger, appraised Southern as worth between 500 mln dlrs and
+  800 mln dlrs less than Southern's own internal valuations.
+      Kanasa City Southern said it will make an offer for
+  Southern after its books, records and properties are examined.
+      "Once that examination has been completed (and even in the
+  absence of a willingnes of SFSP to negotiate) KCSI will make an
+  offer in writing...." said the company.
+      Kansas also said it argued in the ICC filing that Santa Fe
+  had not met the legal requirements justifying the Commission's
+  reconsideration of the proposed merger of Santa Fe and Southern
+  Pacific, two railroads that it said basically parallel each
+  other throughout their routes.
+      ICC voted four to one last summer to reject the merger as
+  inherently anticompetitive. Kansas said Santa Fe in petitioning
+  for reconsideration now argues that the trackage agreements
+  with the Union Pacific, the Denver and Rio Grande Western and
+  other railroads, adds to the value of the merger.
+  
+
diff --git a/reuters/training/9638 b/reuters/training/9638
new file mode 100644
index 0000000000000000000000000000000000000000..cef885a37cbf6c358217ff0944dbbe6232de24c4
--- /dev/null
+++ b/reuters/training/9638
@@ -0,0 +1,62 @@
+GENCORP <GY> BID COULD BE RAISED, GROUP SAYS
+  An investor group said it might be
+  willing to raise its 100 dlr per share offer for GenCorp but so
+  far the company has turned down requests for a meeting.
+      "We might be able to see some additional value if we could
+  meet" and get more financial data, said Joel Reed, speaking for
+  the investor group.
+      Reed told Reuters that GenCorp chairman A. William Reynolds
+  "was not interested in sitting down and talking with us at this
+  time." Cyril Wagner sought the meeting in a recent telephone
+  conversation with Reynolds, Reed said.
+      Wagner and Brown, along with AFG Industries Inc <AFG>,
+  recently launched a surprise tender offer for GenCorp. The
+  offer is worth 2.23 billion dlrs.
+      Reed said under the circumstances the 100 dlr per share
+  tender offer, which expires April 15, is a fair offer. GenCorp
+  gained 3-1/2 to 114 today on the NYSE.
+      Reed outlined a plan to reshape GenCorp in the event his
+  group wins control. He said aerospace, soft drink bottling and
+  entertainment units are potential divestiture candidates. He
+  said the tire business, which the group wants to keep, may be
+  more viable if merged with another tire company.
+      "One option would be to try to grow the tire business
+  through combination or an acquisition," Reed said. He said he
+  believes such a merger could create a stronger force in the
+  tire industry.
+      Gary Miller, chief financial officer of AFG, said his
+  company has a record of acquiring mature businesses and
+  boosting productivity. Automation and incentives tied to profit
+  sharing have been used with success, he said.
+      In the case of GenCorp's RKO General broadcasting stations,
+  Reed said the plan of the partners is to step into GenCorp's
+  shoes and proceed with plans to  sell the stations.
+      The partners said if they succed in acquiring GenCorp they
+  intend to consummate sale of WOR-TV in New York to MCA Inc
+  <MCA>. GenCorp last year entered into an agreement to sell the
+  station for 387 mln dlrs.
+      The partners also said if they acquire Gencorp they would
+  also proceed with the proposed sale of KHJ-TV in Los Angeles to
+  Walt Disney Co <DIS>. RKO General would receive 217 mln dlrs
+  and Fidelilty Television, which challenged the license, would
+  get about 103 mln dlrs.
+      The partners also said the Federal Communications
+  Commission established an expedited schedule for receiving
+  comments on their request for special temporary authorization
+  of proposed trust arrangements while the FCC considers a formal
+  application for transfer of the broadcast unit.
+      Reed said he was pleased with the expedited schedule
+  because it provides time for the agency to act on the request
+  before the expiration of the tender offer.
+      He said it was the aim of the partners to move as quickly
+  as possible to eliminate uncertainty surrounding the stations.
+      Asked about criticism of the takeover attempt voiced by
+  some municipal officials in Akron, Ohio, where GenCorp is
+  headquartered, Reed said, "the plan of the partners offers long
+  term growth for Ohio."
+      He noted that the aerospace business, slated for
+  divestiture under the partners' plan, is located in California.
+  "Our program is one that overall would provide the greatest
+  long term growth for all segments," he said.
+  
+
diff --git a/reuters/training/9639 b/reuters/training/9639
new file mode 100644
index 0000000000000000000000000000000000000000..50a02d9552d8e3f02fa1c5c6b9b4ff2833a41708
--- /dev/null
+++ b/reuters/training/9639
@@ -0,0 +1,40 @@
+UNOCAL <UCL> PLANS INCREASE IN CAPITAL SPENDING
+  Unocal Corp said it intends to
+  increase its spending for capital projects to 929 mln dlrs in
+  1987, eight pct more than the 862 mln spent in 1986.
+      The company said in its annual report that it would
+  increase spending for exploration and development of petroleum
+  resources by about three pct to 614 mln dlrs from 1986's 595
+  mln dlrs, assuming oil prices hold around current levels.
+      The planned spending for exploration and production in 1987
+  remains well below the 1.1 billion dlrs spent in 1985, Unocal
+  said.
+      The company's proved developed and undeveloped reserves of
+  crude oil rose slightly in 1986, Unocal said. Net crude oil and
+  condensate reserves were 752 mln bbls as of Dec 31, 1986,
+  compared to 751 mln bbls at the end of 1985, Unocal said.
+      The company said its net crude oil and condensate
+  production averaged 248,200 barrels per day in 1986 compared to
+  251,300 bpd in 1985.
+      Unocal said its worldwide natural gas reserves were 6.07
+  billion cubic feet in 1986 compared to 1985's 6.19 billion. Net
+  natural gas output averaged 976 mln cubic feet per day in 1986,
+  down 10 pct from 1985's 1,084 mln, the company said.
+      Unocal said its average sales prices for crude oil was
+  12.67 dlrs a barrel worldwide in 1986 compared to 23.81 dlrs in
+  1985, and its average sales price for natural gas was 2.03 dlrs
+  per thousand cubic feet in 1986 against 2.24 dlrs in 1985.
+      Average production costs for crude oil and natural gas
+  declined nearly 30 pct to 3.41 dlrs per bbl of oil equivalent
+  in 1986 from 4.81 dlrs in 1985, Unocal said.
+      In the annual report, the company called for imposition of
+  an oil import fee by the U.S. government to set a floor price
+  of about 25 dlrs a barrel for crude oil.
+      "Simply stabilizing prices at about 18 dlrs per barrel    
+  will not materialy slow the drop in U.S. production or the rise
+  in imports," Chairman Fred Hartley said in the annual report.
+      "Without decisive action in Washington, this nation will
+  once again become a hostage to OPEC's plans and policies,"
+  Hartley said.
+  
+
diff --git a/reuters/training/9640 b/reuters/training/9640
new file mode 100644
index 0000000000000000000000000000000000000000..e05b577e62b5e00030ac2d310781d56713a83336
--- /dev/null
+++ b/reuters/training/9640
@@ -0,0 +1,14 @@
+FED APPROVES CHEMICAL NEW YORK <CHL> MERGER
+  Chemical New York Corp and Texas
+  Bancshares Inc <TCB> said the Federal Reserve Board approved
+  their proposed 1.19 billion dlr merger.
+      The companies also said the Securities and Exchange
+  Commission declared effective as of March 24 the registration
+  statement covering the securities Chemical will issue to Texas
+  Bancshares shareholders as part of the merger.
+      The companies said they expect to complete the merger,
+  which will create a bank with 80 billion dlrs of assets, by the
+  end of the second quarter. The merger still requires
+  shareholder approval.
+  
+
diff --git a/reuters/training/9641 b/reuters/training/9641
new file mode 100644
index 0000000000000000000000000000000000000000..8a75e89e62a2882bb6f99908a83c4a4d086af28c
--- /dev/null
+++ b/reuters/training/9641
@@ -0,0 +1,25 @@
+VARITY<VAT> SEES IMPROVED RESULTS AFTER 1ST QTR
+  Varity Corp, earlier reporting a full
+  year loss against a prior year profit, said improvement is
+  expected in the balance of fiscal 1987 as new products fill the
+  inventory pipeline, cutbacks in operating costs are realized
+  and its newly acquired Dayton Walther business is fully
+  integrated.
+      However, operating results are likely to remain under
+  pressure in the first quarter ending April 30, it said.
+      Varity earlier reported a loss for fiscal 1986 ended
+  January 31 of 23.3 mln U.S. dlrs, compared to a year-earlier
+  profit of 3.9 mln dlrs.
+      Varity said continued deterioration in major markets, a
+  weakening U.S. dollar and unforeseen delays in launching major
+  new lines of tractors contributed to the full year loss.
+      Industry demand for farm machinery continued to erode
+  during the latest fiscal year, with worldwide industry retail
+  sales of tractors sliding more than 10 pct below last year's
+  depressed levels, the company said.
+      However, Varity increased its share of the global tractor
+  market by more than one pct to 18.2 pct, it said.
+      The combined impact of costly sales incentives and foreign
+  exchange adjustments on margins was substantial, Varity said.
+  
+
diff --git a/reuters/training/9642 b/reuters/training/9642
new file mode 100644
index 0000000000000000000000000000000000000000..4500bd3a1e8b0ca1e717e2346f0bd860a57d77f5
--- /dev/null
+++ b/reuters/training/9642
@@ -0,0 +1,13 @@
+CAMPBELL RESOURCES <CCH> UPS MESTON LAKE STAKE
+  Campbell Resources Inc said it raised
+  its voting stake in <Meston Lake Resources Inc> to about 64 pct
+  from 52 pct through acquisition of another 870,000 Meston Lake
+  shares in its previously reported takeover bid.
+      Campbell, in its bid that expired March 23, offered 80 cts
+  cash and 1.25 "legended" Campbell shares for each Meston share.
+  The legended shares are not tradeable for one year.
+      It said the 3.4 mln Meston shares not tendered in the offer
+  were held by about 550 stockholders, including Quebec's La
+  Societe de developpement de la Baie James, with 1.3 mln shares.
+  
+
diff --git a/reuters/training/9644 b/reuters/training/9644
new file mode 100644
index 0000000000000000000000000000000000000000..07e3baf1027f89efc3f44c7087d6f1b84c71763f
--- /dev/null
+++ b/reuters/training/9644
@@ -0,0 +1,9 @@
+METROBANC <MTBC> SHAREHOLDERS APPROVE MERGER
+  Metrobanc, a federal
+  savings bank, said its shareholders approved the previously
+  announced merger with Comerica Inc <CMCA>, a bank holding
+  company.
+      Metrobanc said the merger is still subject to regulatory
+  approval.
+  
+
diff --git a/reuters/training/9647 b/reuters/training/9647
new file mode 100644
index 0000000000000000000000000000000000000000..47e1ae828faad0d1c83dfb69b542db0e26245711
--- /dev/null
+++ b/reuters/training/9647
@@ -0,0 +1,8 @@
+PLAINS RESOURCES INC <PLNS> YEAR LOSS
+  Oper shr loss 31 cts vs profit three cts
+      Oper net loss 887,886 vs profit 646,250
+      Revs 9,724,418 vs 10.8 mln
+      Note: Year-ago oper net excludes tax credit of 230,000
+  dlrs.
+  
+
diff --git a/reuters/training/9650 b/reuters/training/9650
new file mode 100644
index 0000000000000000000000000000000000000000..6a77856e6d1a54b5c78c2548e67c2f75ac665d11
--- /dev/null
+++ b/reuters/training/9650
@@ -0,0 +1,51 @@
+PENNZOIL (PZL) WILLING TO SETTLE TEXACO (TX) LAWSUIT
+  Pennzoil Co said it had not yet
+  received any "meaningful settlement offer" from Texaco Inc but
+  added that the company remained willing to consider proposals
+  to settle the 10.2 billion dlr jury judgment it won against
+  Texaco.
+      In its newly-released annual report to shareholders,
+  Pennzoil said it expected the Texas state court judgment, which
+  was upheld by a state appeals court on February 12, to be
+  upheld if appealed again.
+      "To date, Pennzoil has yet to receive any meaningful
+  settlement offer from Texaco, though it remains open to any
+  realistic effort to settle the matter," Pennzoil chairman Hugh
+  Liedtke said in the annual report.
+      Pennzoil also said it had budgeted 212 mln dlrs for capital
+  spending in 1987, a drop from the 233 mln dlrs spent last year.
+      Proved U.S. and foreign reserves of natural gas declined to
+  964 billion cubic feet last year, from 1.01 trillion cubic feet
+  in 1985, because of a virtual halt in its exploration program,
+  Pennzoil said. Its crude oil reserves dropped to 140 mln
+  barrels from 158 mln barrels in 1985.
+       The Houston-based company said it sold an average of 339
+  mln cubic feet of domestic natural gas each day last year, a 17
+  pct drop from 1985. The average sales price for gas dropped by
+  60 cents per mcf to 2.16 dlrs per mcf, Pennzoil said.
+      U.S. crude oil and gas liquids production last year fell to
+  an average of 33,290 barrels per day from 34,102 barrels per
+  day in 1985.
+      The company's total revenues in 1986 declined to 482.3 mln
+  dlrs, from 762.5 mln dlrs the previous year. Operating income
+  in 1986 fell more than 80 pct, to 38.0 mln dlrs.
+      Pennzoil said its goals for 1987 included development of
+  its Point Arguello oilfield off the California coast, to
+  maintain current production levels in its Bluebell-Altamont
+  Field in Utah and to drill for prospects in the Gulf of
+  Mexico's Mobile Bay area.
+      "Production should begin late in the year from the Harvest
+  Platform in the Santa Maria Basin offshore California," the
+  company said. "Pennzoil's share of this production initially
+  should be five thousand barrels a day, increasing to a peak of
+  15 thousand barrels a day, net, by 1989."
+      In its sulphur business, Pennzoil said production totaled
+  2.1 mln long tons last year, a decline of 18 pct from 1985. The
+  average sales price also declined, to 138.25 dlrs per long ton
+  from 141.05 dlrs in 1985.
+      "The long term outlook for our sulphur operations remains
+  bright," the company said. "We expect sulphur's pricing
+  structure to strengthen during the current year, probably in
+  the third and fourth quarters."
+  
+
diff --git a/reuters/training/9652 b/reuters/training/9652
new file mode 100644
index 0000000000000000000000000000000000000000..aef69254b325db2a44e626835148ee3dcec1a70d
--- /dev/null
+++ b/reuters/training/9652
@@ -0,0 +1,12 @@
+GV MEDICAL INC <GVMI> 4TH QTR LOSS
+  Shr loss 20 cts vs loss 26 cts
+      Net loss 798,289 vs loss 777,667
+      Rev 262,738 vs nil
+      Avg shares 3,930,360 vs 2,959,029
+      Year
+      Shr loss 96 cts vs loss 1.25 dlrs
+      Net loss 3,202,355 vs loss 3,060,407
+      Rev 676,341 vs nil
+      Avg shares 3,339,174 vs 2,445,423
+  
+
diff --git a/reuters/training/9654 b/reuters/training/9654
new file mode 100644
index 0000000000000000000000000000000000000000..f22b991b1422f0b7bc901d55aa9342f8334b99c3
--- /dev/null
+++ b/reuters/training/9654
@@ -0,0 +1,14 @@
+IBC PRESIDENT NOT TO ATTEND ICO EXECUTIVE BOARD
+  Brazilian Coffee Institute (IBC)
+  president Jorio Dauster said he will not attend the ICO
+  executive board meeting and was surprised to hear that a report
+  of his absence had a slightly depressing effect on the New York
+  coffee market today.
+      "I have too much work to accomplish here in Brazil at the
+  moment. Besides the presence of the IBC president at an ICO
+  executive board meeting is not a tradition," Dauster said.
+      Dauster said except in rare cases, Brazil has always sent
+  its London-based representative to ICO board meetings.
+  Ambassador Lindenberg Sette will attend the meeting, he said.
+  
+
diff --git a/reuters/training/9656 b/reuters/training/9656
new file mode 100644
index 0000000000000000000000000000000000000000..780d37754ce5d91436d201d5e7cb5422e7795eb1
--- /dev/null
+++ b/reuters/training/9656
@@ -0,0 +1,32 @@
+EXCHANGE RATE BILL CLEARS U.S. HOUSE PANEL
+  The House Banking Committee adopted
+  legislation to direct the U.S. Treasury to begin negotiations
+  aimed at seeking regular adjustment of exchange rates by  
+  countries such as Taiwan and South Korea, whose currencies are
+  pegged to the value of the U.S. dollar.
+      The measure was adopted as part of a wide-ranging trade
+  bill that will be considered by the full House in April before
+  it moves on to the Senate.
+      The bill's many provisions also set as a priority for the
+  U.S. the negotiation of stable exchange rates and urge
+  government intervention as necessary to offset fluctuations.
+      In addition, the Banking Committee bill would authorize
+  U.S. banks to use a variety of means to deal with the debt
+  problems of developing countries, such as lowering interest
+  rates on existing debt, renegotiating loans or debt
+  forgiveness. The bill would give a blanket waiver of any
+  federal banking regulations that bar such actions.
+      The bill would direct Treasury Secretary James Baker to
+  discuss with debt-ridden developing countries the possibility
+  of the U.S. setting up a public debt management agency that
+  would purchase their debt at a discount and negotiate the
+  restructuring of the debt.
+      The Banking bill authorizes U.S. participation in a
+  multilateral investment guarantee agency (MIGA) as requested by
+  the administration. Congress would approve an initial U.S.
+  subscription of 22 mln dlrs.
+      And, it sets up a council on industrial competitiveness
+  composed of industry and administration members to explore ways
+  to make the U.S. more competitive in world markets.
+  
+
diff --git a/reuters/training/9657 b/reuters/training/9657
new file mode 100644
index 0000000000000000000000000000000000000000..73a04423aa8871d1e2ffff46655d0f57863aeac6
--- /dev/null
+++ b/reuters/training/9657
@@ -0,0 +1,24 @@
+U.S. CHIPMAKERS URGE SANCTIONS AGAINST JAPAN
+  The Semiconductor Industry
+  Association urged the U.S. government to impose trade sanctions
+  against Japan for violating the U.S.-Japan Semiconductor Trade
+  Agreement.
+      In a letter to Treasury Secretary James Baker the group
+  said sanctions should be imposed against Japanese chipmakers as
+  of April 1 and continue until the U.S. is satisfied there is
+  full compliance with the agreement.
+      The group said action by Japan to cut back on semiconductor
+  exports is not what is required.
+      "America's interests require that agreements be honored and
+  that U.S. industries not bear the burden for the persistent
+  unwillingness or inability of the government of Japan to
+  deliver on its commitments," the trade group said.
+      The White House Economic Policy Council is expected to
+  discuss possible sanctions against Japan at a meeting scheduled
+  for Thursday.
+      The trade group said Japan has not lived up to the terms of
+  the agreement last year which was aimed at ending Japanese
+  dumping of semiconductors and at opening Japanese markets to
+  foreign-based manufacturers.
+  
+
diff --git a/reuters/training/9661 b/reuters/training/9661
new file mode 100644
index 0000000000000000000000000000000000000000..b5a1ed376fd801ad0e060ff3f28c53e91e1f0736
--- /dev/null
+++ b/reuters/training/9661
@@ -0,0 +1,11 @@
+CLABIR <CLG>, AMBRIT <ABI> CALL OFF MERGER
+  Clabir Corp and AmBrit Corp
+  said they called off their plans for Clabir to buy the 16 pct
+  voting interest in AmBrit that it does not already own.
+      The companies said they agreed not to pursue the merger
+  because several actions recently taken by AmBrit would mean
+  substantial delays in completing the deal.
+      They said they might revive merger plans at a later date or
+  seek other ways for Clabir to increase its holdings in AmBrit.
+  
+
diff --git a/reuters/training/9667 b/reuters/training/9667
new file mode 100644
index 0000000000000000000000000000000000000000..1af49f018dcccfdba15a953e1b913d9991e66a34
--- /dev/null
+++ b/reuters/training/9667
@@ -0,0 +1,80 @@
+COST OF PIK CERTIFICATES TO BE EYED BY CONGRESS
+  Congress, eager to find budget
+  savings, launches a review of the U.S. Agriculture Department's
+  generic commodity certificate program tomorrow, amid signs USDA
+  and the General Accounting Office, GAO, are at odds over how
+  much the program has cost U.S. taxpayers.
+      The GAO concluded in a preliminary report last week that
+  payment-in-kind, or PIK, certificates cost between five and 20
+  pct more than cash outlays, administration officials who asked
+  not to be identified said.
+      USDA officials, however, took issue with the report, saying
+  it did not take into account storage, handling and transport
+  savings that accrue to the government. The GAO then decided to
+  re-examine the costs, sources said.
+      The issue is an important one, because congressional budget
+  committees are known to be considering limiting the use of
+  certificates as a means of cutting spending.
+      Agriculture Under Secretary Daniel Amstutz and GAO Senior
+  Associate Director Brian Crowley are set to testify before the
+  Senate Agriculture Committee tomorrow.
+      Amstutz is expected to tell the committee that there are
+  uncertainties in determining the cost of certificates compared
+  to cash outlays, and that savings to the Commodity Credit Corp,
+  CCC, almost equal costs, department sources said.
+      USDA estimates that it costs the government about 75 cents
+  to store, handle and transport each bushel of commodity put in
+  government storage.
+      It was unclear whether the GAO, Congress' investigative
+  arm, would stick by its original analysis that it costs the
+  government more to use certificates instead of cash in farm
+  price and income support programs, Reagan administration
+  sources said.
+      The GAO is expected to point out that use of
+  payment-in-kind, PIK, certificates has helped relieve tight
+  storage by moving grain that otherwise might not have been
+  sold.
+      The testimony by Amstutz and GAO Senior Associate Director
+  Brian Crowley comes as congressional budget committees
+  intensify their efforts to pinpoint ways to cut the federal
+  budget deficit -- including considering limits on the use of
+  PIK certificates.
+      The CCC issues dollar-denominated PIK certificates, or
+  certs, as a partial substitute for direct cash outlays to
+  farmers or cash subsidies to exporters. Certs can be used to
+  repay nonrecourse loans or exchanged for CCC commodities or
+  cash.
+      Between April and December 1986, CCC issued 3.8 billion
+  dlrs worth of certificates, according to USDA. Up to another
+  6.7 billion dlrs worth could be issued between January and
+  August 1987, according to USDA.
+      Certs can cost the government more than cash primarily
+  because recipients can use the certificates to pay back
+  government loans at levels below the loan rate.
+      Eliminating this practice, called "PIK and roll," would save
+  the government 1.4 billion dlrs between 1988-92, according to
+  the Congressional Budget Office, CBO. That estimate, according
+  to a CBO official, was based on an assumption that certificates
+  cost the government about 15 pct more than cash payments.
+      The Senate and House Budget Committees are known to be
+  considering curbs on PIK-and-roll transactions among other
+  savings alternatives.
+      The GAO last week reached the tentative conclusion that the
+  estimated three billion dlrs of certificates redeemed to date
+  have cost the federal government between 150 mln and 600 mln
+  dlrs, or between five and 20 pct, more than cash outlays, one
+  administration official said.
+      However, the GAO has decided to reassess those estimates
+  based in part on USDA criticism, department officials said.
+      The broad range of the cost estimate is partly attributable
+  to the different effect certificates can have on market prices
+  over the course of a crop year.
+      USDA's Economic Research Service, for example, has found
+  that between June and August last year, the 215 mln bushels of
+  corn exchanged for certificates lowered the price of corn by
+  between 35 and 45 cents per bushel.
+      Between September and November, however, certificates had
+  only a marginal impact on corn prices, according to the ERS
+  study, obtained by Reuters.
+  
+
diff --git a/reuters/training/9668 b/reuters/training/9668
new file mode 100644
index 0000000000000000000000000000000000000000..e124a5ae5a4c17c32326ee40bbacc2dd26a12c66
--- /dev/null
+++ b/reuters/training/9668
@@ -0,0 +1,14 @@
+DAILY TELEGRAPH IN DEAL WITH NEWS INTERNATIONAL
+  <Hollinger Inc> said 58 pct-owned <The
+  Daily Telegraph PLC>, of London, agreed to form a joint venture
+  printing company in Manchester, England with <News
+  International PLC>. Financial terms were undisclosed.
+      It said the deal involved News International's acquisition
+  of a 50 pct stake in the Telegraph's Trafford Park Printing Ltd
+  subsidiary. The joint company will continue to print northern
+  editions of the Telegraph and Sunday Telegraph, with spare
+  capacity used to print The Sun and News of the World.
+      The arrangement will significantly cut Telegraph costs,
+  Hollinger said.
+  
+
diff --git a/reuters/training/9671 b/reuters/training/9671
new file mode 100644
index 0000000000000000000000000000000000000000..2868a6cac673ead385d25eac3742d8be866906da
--- /dev/null
+++ b/reuters/training/9671
@@ -0,0 +1,6 @@
+FRIEDMAN INDUSTRIES INC <FRD> QUARTERLY DIV
+  Qtly div seven cts vs seven cts prior
+      Pay June one
+      Record May four
+  
+
diff --git a/reuters/training/9674 b/reuters/training/9674
new file mode 100644
index 0000000000000000000000000000000000000000..53d08f1b55641d55c547ec518c4dce851e3b519d
--- /dev/null
+++ b/reuters/training/9674
@@ -0,0 +1,24 @@
+LATIN OIL PRODUCERS TO MEET IN CARACAS
+  Five regional oil producing nations
+  will gather in Caracas tommorrow for a two-day meeting expected
+  to center on ways to combat proposals for a U.S. tax on
+  imported petroleum, the Venezuela's ministry of energy and
+  mines said.
+      Oil ministers from Mexico, Trinidad and Tobago, Ecuador and
+  Venezuela will be on hand for the fifth meeting of the informal
+  group of Latin American and Caribbean Petroleum Exporters,
+  formed in 1983, it said. Colombia will also attend for the
+  first time, as an observer nation, the ministry said.
+      Energy and Mines Minister Arturo Hernandez Grisanti said
+  the conference has no set agenda but one entire session Friday
+  will be devoted to proposals for a tax on imported oil.
+      Two of the group's members, Venezuela and Mexico, are
+  second and third largest foreign suppliers of oil to the United
+  States, respectively, following Canada.
+      Venezuela, concerned about the effect such a tax would have
+  on its exports, undertook a diplomatic push to coordinate
+  strategy against such measures. In February, Canadian Energy
+  Minister Marcel Masse was invited to Caracas for talks with
+  Hernandez on proposals for an oil import tax.
+  
+
diff --git a/reuters/training/9675 b/reuters/training/9675
new file mode 100644
index 0000000000000000000000000000000000000000..e9557f522f155d1311ab428f81a66613e534c5de
--- /dev/null
+++ b/reuters/training/9675
@@ -0,0 +1,13 @@
+AUSTRALIAN RESERVE BANK CUTS REDISCOUNT RATE
+  The Reserve Bank of Australia this morning
+  cut the rediscount rate from 17.30 pct to 17.00 pct.
+      The rediscount is the rate at which the bank buys back
+  treasury notes.
+      Market sources said the cut reflected the recent easing in
+  market interest rates. They also pointed to yesterday's
+  treasury note tender where the 400 mln dlrs of 13-week notes
+  went at an average yield of 15.473 pct, down from 15.870 last
+  week. The 100 mln dlrs of 26-week notes went at an average
+  15.414 from 15.790 last week.
+  
+
diff --git a/reuters/training/9677 b/reuters/training/9677
new file mode 100644
index 0000000000000000000000000000000000000000..d7ec64906375cbd3b93d5082d9f8b23ee7588eb0
--- /dev/null
+++ b/reuters/training/9677
@@ -0,0 +1,11 @@
+GENOVA <GNVA> SIGNS DEFINITIVE MERGER AGREEMENT
+  Genova Inc said it signed a
+  definitive agreement for the previously announced merger with
+  <Genova Products Inc>.
+      Under the agreement, Genova Products will pay 5-3/8 dlrs a
+  share for the 29 pct of Genova's outstanding common shares it
+  does not already own.
+      The company said it plans to complete the transaction,
+  which requires shareholder approval, by the end of March.
+  
+
diff --git a/reuters/training/9678 b/reuters/training/9678
new file mode 100644
index 0000000000000000000000000000000000000000..3e7421cbbc1ec5f928b7cdb52f1c63645b439a06
--- /dev/null
+++ b/reuters/training/9678
@@ -0,0 +1,8 @@
+PENOBSCOT SHOE CO <PSO> 1ST QTR FEB 27 NET
+  Shr 69 cts vs six cts
+      Net 421,306 vs 44,132
+      Revs 3,721,178 vs 3,125,935
+      Note: Current qtr net includes a gain of 281,000 dlrs,
+  mostly from the sale of securities and property.
+  
+
diff --git a/reuters/training/968 b/reuters/training/968
new file mode 100644
index 0000000000000000000000000000000000000000..8d7a4d4dc2865ca671485c376e5bf650a0685602
--- /dev/null
+++ b/reuters/training/968
@@ -0,0 +1,13 @@
+ASHTON-TATE <TATE> 4TH QTR NET
+  Shr 43 cts vs 30 cts
+      Net 10.6 mln vs 5,967,000
+      Revs 62.9 mln vs 41.5 mln
+      Avg shrs 200.7 mln vs 20.2 mln
+      Year
+      Shr 1.26 dlrs vs 85 cts
+      Net 30.1 mln vs 16.6 mln
+      Revs 210.8 mln vs 121.6 mln
+      Avg shrs 23.9 mln vs 19.4 mln
+      NOTE: Share adjusted for January 1987 two-for-one split.
+  
+
diff --git a/reuters/training/9680 b/reuters/training/9680
new file mode 100644
index 0000000000000000000000000000000000000000..a1f212bc8a67e0b9a9cf30ecc43df62072ab5c97
--- /dev/null
+++ b/reuters/training/9680
@@ -0,0 +1,21 @@
+DAUSTER SAYS NO CHANGE IN BRAZIL'S COFFEE POLICY
+  Brazil will not announce any
+  changes to its coffee export policy, Brazilian Coffee Institute
+  (IBC) president Jorio Dauster said.
+      He told Reuters Brazil was not planning to modify the
+  position it held before the recent International Coffee
+  Organisation meeting.
+      Earlier this month, talks in London to set new ICO export
+  quotas failed.
+      Commenting on the outcome of a coffee producers' meeting in
+  Managua last weekend, Dauster said that they discussed nothing
+  involving the market.
+      "In the meeting we agreed to work on behalf of the union of
+  the producers in matters related to an international agreement,"
+  Dauster said.
+      The Managua meeting was attended by representatives from
+  Brazil, Mexico, Guatemala, El Salvador, Honduras, Costa Rica,
+  Nicaragua and Panama, the latter represented at the meeting
+  merely as an observer.
+  
+
diff --git a/reuters/training/9681 b/reuters/training/9681
new file mode 100644
index 0000000000000000000000000000000000000000..c7dda4ec7ae9304bd1985f9743e9413dfa8ccae0
--- /dev/null
+++ b/reuters/training/9681
@@ -0,0 +1,14 @@
+EXCHANGE RATE BILL CLEARS U.S. HOUSE PANEL
+  The House Banking Committee adopted
+  legislation to direct the U.S. Treasury to begin negotiations
+  aimed at seeking regular adjustment of exchange rates by  
+  countries such as Taiwan and South Korea whose currencies are
+  pegged to the value of the U.S. dollar.
+      The measure was adopted as part of a wide-ranging trade
+  bill that will be considered by the full House in April before
+  it moves onto the Senate.
+      The bill's many provisions also set as a priority for the
+  U.S. the negotiation of stable exchange rates and urge
+  government intervention as necessary to offset fluctuations.
+  
+
diff --git a/reuters/training/9682 b/reuters/training/9682
new file mode 100644
index 0000000000000000000000000000000000000000..8fef5fa0e74a0c5a2afdf5de08bfd618af100a01
--- /dev/null
+++ b/reuters/training/9682
@@ -0,0 +1,13 @@
+CONSOLIDATE CAPITAL TRUST <CIOTS> 4TH QTR NET
+  Shr 32 cts vs nil
+      Net 1.2 mln vs 100,000
+      Avg shrs 3,692,000 vs 3,148,000
+      Year
+      Shr 1.02 dlrs vs 54 cts
+      Net 3.7 mln vs 800,000
+      Avg shrs 3,607,000 vs 1,461,000
+      Note: Net is after depreciation.
+      Full name is Consolidated Captial Income Opportunity
+  Trust/2.
+  
+
diff --git a/reuters/training/9686 b/reuters/training/9686
new file mode 100644
index 0000000000000000000000000000000000000000..b1b900fc656b39f38055eaabc0af6ea8a13a11eb
--- /dev/null
+++ b/reuters/training/9686
@@ -0,0 +1,5 @@
+TREASURY'S BAKER SAYS HE STANDS BY PARIS PACT TO FOSTER STABLE CURRENCIES
+
+  TREASURY'S BAKER SAYS HE STANDS BY PARIS PACT TO FOSTER STABLE CURRENCIES
+  
+
diff --git a/reuters/training/9689 b/reuters/training/9689
new file mode 100644
index 0000000000000000000000000000000000000000..0a47b58aaeab3450f8b56b63c18ad6be49af1bc9
--- /dev/null
+++ b/reuters/training/9689
@@ -0,0 +1,41 @@
+BAKER SAYS HE STANDS BY PARIS CURRENCY AGREEMENT
+  Treasury Secretary James Baker said
+  he stood by the Paris agreement among leading industrial
+  nations to foster exchange rate stability around current
+  levels.
+      "I would refer you to the Paris agreement which was a
+  recognition the currencies were within ranges broadly
+  consistent with economic fundamentals," Baker told The Cable
+  News Network in an interview.
+      "We were quite satisfied with the agreement in Paris
+  otherwise we would not have been a party too it," he said.
+      Baker also noted the nations agreed in the accord to
+  "co-operate to foster greater exchange rate stability around
+  those levels."
+      He refused to comment directly on the current yen/dollar
+  rate but said flatly that foreign exchange markets recently
+  tended "to draw unwarranted inferences from what I say."
+      Baker was quoted on British Television over the weekend as
+  saying he has no target for the U.S. currency, a statement that
+  triggered this week's renewed decline of the dollar.
+      "I think the Paris agreement represents evidence that
+  international economic policy co-ordination is alive and well,"
+  Baker said.
+      The Treasury Secretary stressed however it was very
+  important for the main surplus countries to grow as fast as
+  they could consistent with low inflation to resolve trade
+  imbalances.
+      He added that Federal Reserve Board chairman Paul Volcker
+  has also "been very outspoken" in suggesting main trading
+  partners grow as fast as they can.
+      Baker noted that the J-curve, the delayed beneficial effect
+  of a weakening of a currency on that country's trade balance,
+  takes 12 to 18 months to work its way through to the trade
+  deficit and it is now 18 months since the Plaza agreement to
+  lower the dollar's value.
+      He also said improvements in the trade deficit should come
+  from other sources besides the exchange rate, and pointed out
+  the administration's package to improve U.S. Competitiveness
+  was now before Congress.
+  
+
diff --git a/reuters/training/969 b/reuters/training/969
new file mode 100644
index 0000000000000000000000000000000000000000..d4b243059a1be1724e69babe3b363276641630db
--- /dev/null
+++ b/reuters/training/969
@@ -0,0 +1,34 @@
+NEITHER SIDE OPTIMISTIC ON ROTTERDAM PORT ISSUES
+  Employers and the port union, FNV, are
+  to meet again this afternoon to attempt a settlement of the
+  six-week-old dispute in Rotterdam's general cargo sector, but
+  neither side is optimistic, spokesmen for both sides told
+  Reuters.
+      Little progress was made in last night's three hours of
+  talks, with both sides largely reiterating their positions.
+      "There is still a very large gap between the employers and
+  the FNV, and I can't say that we expect to reach any agreement.
+  But at least we are still talking," a union spokesman said.
+      Employers organization chairman, Jacques Schoufour, accused
+  the FNV of intransigence in refusing to alter its stance at all
+  over the past two months.
+      "The FNV is not serious about our discussions and I am
+  really not optimistic about it changing its point of view at
+  all."
+      "If we find this afternoon that the FNV still refuses to
+  accept the necessary redundancies in the general cargo sector,
+  then we will break off the talks and the redundancies may begin
+  later this month," Schoufour said.
+      The series of strikes, which employers say has cost them
+  more than seven mln guilders in lost import business in the
+  past six weeks, began on January 19 in protest at plans for 800
+  redundancies from the sector's 4,000 workforce starting with
+  350 this year.
+      Late last month Social Affairs minister Louw de Graaf said
+  unless the dispute was settled by yesterday he would withdraw
+  the sector's 10 mln guilder annual labour subsidy.
+      Both sides wrote to the minister yesterday setting out
+  their cases, but Schoufour said he did not expect to hear from
+  him before Wednesday at the earliest.
+  
+
diff --git a/reuters/training/9697 b/reuters/training/9697
new file mode 100644
index 0000000000000000000000000000000000000000..01e1b9ab22d1929b7eb2d73adc4a152a86ddbd60
--- /dev/null
+++ b/reuters/training/9697
@@ -0,0 +1,13 @@
+BAKER SEES 15 TO 20 BILLION DLR DROP IN TRADE GAP
+  Treasury Secretary James Baker said
+  he expected the U.S. Trade deficit to fall by 15 billion to 20
+  billion dlrs in 1987.
+      Commenting on the deficit during an interview on Cable News
+  Network, Baker said "I think you're going to see a 15 to 20
+  billion dlr reduction this year." The deficit was 170 billion
+  dlrs in 1986.
+      Baker noted that the benefits of a weaker currency take 12
+  to 18 months to affect the trade balance, and said it is now 18
+  months since the Plaza agreement to lower the dollar's value.
+  
+
diff --git a/reuters/training/9698 b/reuters/training/9698
new file mode 100644
index 0000000000000000000000000000000000000000..531cd8c718ba44113caef713f619402779d2f568
--- /dev/null
+++ b/reuters/training/9698
@@ -0,0 +1,5 @@
+Sumita says further yen rise would adversely affect Japanese economy
+
+  Sumita says further yen rise would adversely affect Japanese economy
+  
+
diff --git a/reuters/training/9699 b/reuters/training/9699
new file mode 100644
index 0000000000000000000000000000000000000000..90a2033c253c0e6a7938124480f67d9029a29420
--- /dev/null
+++ b/reuters/training/9699
@@ -0,0 +1,5 @@
+Sumita says major nations will continue to cooperate to stabilize currencies
+
+  Sumita says major nations will continue to cooperate to stabilize currencies
+  
+
diff --git a/reuters/training/97 b/reuters/training/97
new file mode 100644
index 0000000000000000000000000000000000000000..8f6c758679fa22d3ab55d71179ef9afeaa289efd
--- /dev/null
+++ b/reuters/training/97
@@ -0,0 +1,58 @@
+ASCS TERMINAL MARKET VALUES FOR PIK GRAIN
+  The Agricultural Stabilization and
+  Conservation Service (ASCS) has established these unit values
+  for commodities offered from government stocks through
+  redemption of Commodity Credit Corporation commodity
+  certificates, effective through the next business day.
+      Price per bushel is in U.S. dollars. Sorghum is priced per
+  CWT, corn yellow grade only.
+       WHEAT     HRW   HRS    SRW   SWW   DURUM
+   Chicago       --    3.04   2.98  --    --
+   Ill. Track    --    --     3.16  --    --
+   Toledo        --    3.04   2.98  2.90  --
+   Memphis       --    --     3.05  --    --
+   Peoria        --    --     3.11  --    --
+   Denver        2.62  2.63  --    --    --
+   Evansville    --    --    2.99  --    --
+   Cincinnati    --    --    2.96  --    --
+   Minneapolis   2.65  2.71  --    --    3.70
+   Baltimore/
+   Norf./Phil.   --    --    3.06  2.98  --
+   Kansas City   2.87  --    3.17  --    --
+   St. Louis     3.03  --    3.03  --    --
+   Amarillo/
+   Lubbock       2.64  --    --    --    --
+                 HRW   HRS   SRW   SWW   DURUM
+   Lou. Gulf     --    --    3.16  --    --
+   Portland/
+   Seattle       3.07  3.08  --    3.10  3.70
+   Stockton      2.78  --    --    --    --
+   L.A.          3.23  --    --    --    4.05
+   Duluth        2.65  2.71  --    --    3.70
+   Tex. Gulf     3.10  --    3.16  --    --
+  
+               CORN  BRLY  OATS  RYE   SOYB  SORG
+   Chicago     1.47  --    --    --    4.81  2.49
+   Ill. Track  1.49  2.04  --    --    4.85  2.52
+   Toledo      1.41  2.04  1.50  --    4.78  2.39
+   Memphis     1.59  1.95  1.71  --    4.90  2.86
+   Peoria      1.51  ---   --    --    4.80  2.60
+   Denver      1.56  1.56  --    --    --    2.54
+   Evnsvlle    1.54  2.04  1.50  2.17  4.90  2.61
+   Cinci       1.52  2.04  1.50  2.17  4.85  2.58
+   Mpls        1.34  1.75  1.50  1.85  4.68  --
+   Balt/Nor/
+   Phil        1.70  1.80  --    --    4.98  3.12
+   KC          1.49  1.56  1.64  --    4.76  2.58
+   St Lo       1.54  --    1.66  --    4.90  2.91
+   Amarlo/
+   Lubbck      1.84  1.40  --    --    4.75  2.92
+   Lou Gulf    1.73  --    --    --    5.05  3.12
+   Port/
+   Seattle     1.87  2.10  1.68  --    --    --
+   Stockton    2.18  2.23  2.10  --    --    4.00
+   LA          2.54  2.50  --    --    --    4.38
+   Duluth      1.34  1.75  1.50  1.85  4.68  --
+   Tex Gulf    1.73  1.48  1.73  --    5.05  3.12
+  
+
diff --git a/reuters/training/9700 b/reuters/training/9700
new file mode 100644
index 0000000000000000000000000000000000000000..19f6d0f2436901dc7e71467decc2bffdaca48e3d
--- /dev/null
+++ b/reuters/training/9700
@@ -0,0 +1,21 @@
+N.Z. MONEY SUPPLY RISES 2.4 PCT IN JANUARY
+  New Zealand's broadly defined,
+  seasonally adjusted M-3 money supply grew an estimated 2.4 pct
+  in January against a 3.4 pct (revised from 3.6) rise in
+  December and a 0.7 pct rise in January 1986.
+      It said unadjusted M-3 increased to an estimated 30.13
+  billion N.Z. Dlrs from 30.08 (revised from 30.06) billion in
+  December and 25.18 billion in January 1986.
+      Year-on-year M-3 rose 19.66 pct in January from 17.80 pct
+  (revised from 17.77) in December and 20.10 pct in January 1986.
+      Narrowly defined year-on-year M-1 growth was 21.94 pct in
+  January against 15.89 pct in December and 14.10 pct a year
+  earlier.
+      M-1 grew to an estimated 4.72 billion dlrs against 5.03
+  billion in December and 3.87 billion in January 1986.
+      Year-on-year private sector credit, PSC, grew 31.07 pct in
+  January against 30.64 pct (revised from 30.68) in December and
+  21.40 pct in January 1986. PSC grew to 22.69 billion dlrs from
+  22.24 billion in December and 17.31 billion in January 1986.
+  
+
diff --git a/reuters/training/9701 b/reuters/training/9701
new file mode 100644
index 0000000000000000000000000000000000000000..6656090d04ac0baad5ef4ab901f6d203bb075cc9
--- /dev/null
+++ b/reuters/training/9701
@@ -0,0 +1,34 @@
+FURTHER YEN RISE WOULD HURT JAPAN ECONOMY, SUMITA
+  Bank of Japan Governor Satoshi Sumita
+  said a further yen rise would have adverse effects on the
+  Japanese economy.
+      He told Japanese business leaders the Bank of Japan will
+  continue to take adequate measures, including market
+  intervention, to stabilize exchange rates if necessary, in
+  close cooperation with other major industrialized nations. He
+  said the current instability of exchange rates will not last.
+      Six major nations - Britain, Canada, France, Japan, the
+  U.S. And West Germany - agreed in Paris last month to act
+  together to hold currencies stable.
+      Sumita said the Bank of Japan will continue to pursue
+  adequate and flexible monetary policies while watching economic
+  and financial developments in and outside Japan.
+      He said the decision to cut the discount rate on February
+  20 was a hard choice for the Bank because monetary conditions
+  had already been sufficiently eased.
+      To prevent a resurgence of inflation, the Bank will take a
+  very cautious stance regarding developments stemming from easy
+  credit conditions, he said.
+      He said the latest discount rate cut to 2.5 pct should
+  stabilize exchange rates and expand domestic demand.
+      Commenting on the dollar's fall below 150 yen, Sumita
+  reiterated he cannot find any specific reason for the
+  currency's weakness.
+      The market undertook speculative dollar selling by reacting
+  to overseas comments by monetary authorities and trade tension,
+  he said.
+      Sumita repeated that the Japanese economy may gradually
+  recover in the latter half of the 1987/88 fiscal year ending
+  April 1, 1988, provided exchange rates stabilize.
+  
+
diff --git a/reuters/training/9704 b/reuters/training/9704
new file mode 100644
index 0000000000000000000000000000000000000000..7e380fde4113f323dcb7be7da21aad969d293fbc
--- /dev/null
+++ b/reuters/training/9704
@@ -0,0 +1,35 @@
+EC LINKS AGRICULTURAL TRADE TALKS TO OTHER REFORM
+  The European Community (EC) considers
+  talks on agricultural trade reform to be inseperable from talks
+  on other trade reform in the present GATT round, Willy de
+  Clercq, external relations commissioner of the EC, said.
+      He told reporters here the EC would not bow to pressure to
+  reach an early, seperate agreement on agricultural trade.
+      He said the EC wanted to stick to the four-year schedule
+  agreed by members of the General Agreement on Tariffs and Trade
+  (GATT) in Punta del Este, Uruguay, last year. That included
+  agricultural trade liberalisation for the first time in the
+  lengthy program to re-negotiate the GATT.
+      Other trade issues being discussed in the current GATT
+  round include reform of trade in merchandise and services.
+      De Clercq is on his way to China after attending a two-day
+  conference for 22 GATT trade ministers held in New Zealand.
+      Several of those ministers criticised the EC for what they
+  saw as restrictive agricultural trade practices and called for
+  urgent reforms. U.S. Trade representative, Clayton Yeutter,
+  also said it was important agreement on agricultural trade
+  reform was reached as early as possible.
+      But de Clercq said the GATT program had been reached after
+  long and hard negotiations, and the EC did not want changes.
+      "We just want to stick to the agreement which was reached,
+  and that was very clear -- that the new round would be one
+  undertaking. It is a global negotiation with no two tracks, no
+  fast track, no slow track. It has just one track, the track -
+  and that's all," de Clercq said.
+      "If you start selecting priorities, your priority is not my
+  priority. We say that agriculture is urgent, but it's not the
+  only urgent thing," he said.
+      He said the Punte del Este agreement had taken eight months
+  to prepare and eight days of negotiations.
+  
+
diff --git a/reuters/training/9705 b/reuters/training/9705
new file mode 100644
index 0000000000000000000000000000000000000000..6e1bfef4eaf03ad6991abf7f28012096be4d644f
--- /dev/null
+++ b/reuters/training/9705
@@ -0,0 +1,13 @@
+VIETNAM'S ARMY ORDERED TO GROW MORE FOOD
+  Vietnam has ordered its army to grow
+  more food to ease shortages and meet economic recovery goals
+  set for 1990.
+      The army newspaper Quan Doi Nhan Dan, monitored here, said
+  soldiers must work harder to care for rice, vegetables and
+  other crops endangered by the present unusually hot weather.
+      The paper said the 1.6-mln strong regular army contributed
+  less than one pct to the nation's 18.2 mln tonne food output.
+      North Vietnam has set a 1990 food target of 23 to 24 mln
+  tonnes.
+  
+
diff --git a/reuters/training/9706 b/reuters/training/9706
new file mode 100644
index 0000000000000000000000000000000000000000..0888e9c174524d476e3ac82863d3205e02e6eb46
--- /dev/null
+++ b/reuters/training/9706
@@ -0,0 +1,47 @@
+LINDE TURNOVER UP IN FIRST TWO MONTHS OF 1987
+  Engineering group Linde
+  AG's <LING.F> world group turnover rose to 518.6 mln marks in
+  the first two months of 1987, 5.2 pct more than in the same
+  1986 period, management board chairman Hans Meinhardt said.
+      But world group incoming orders fell 2.2 pct to 587.3 mln
+  marks, Meinhardt told the annual news conference. Excluding
+  exchange rate movements, world group turnover rose 8.9 pct and
+  incoming orders increased 1.0 pct.
+      Linde expects satisfactory results and increased sales this
+  year but Meinhardt gave no detailed forecast. Domestic group
+  1986 net profit rose to 105.79 mln marks from 80.71 mln.
+      Meinhardt said domestic group turnover rose 6.7 pct to
+  394.1 mln marks in the first two 1987 months against the same
+  period last year but incoming orders fell 5.2 pct to 456.6 mln.
+      Linde will ask shareholders at the annual meeting on May 13
+  to raise authorised share capital by a maximum 30 mln marks
+  nominal for the issue of share warrant bonds with a maximum
+  issue volume of 200 mln marks. Linde's authorised share capital
+  currently stands at a nominal 49.6 mln marks.
+      Meinhardt said the authorisation would give the company the
+  necessary flexibility in case Linde needed additional funds for
+  acquisitions. He declined to give further details.
+      While world group turnover rose 7.2 pct to 3.88 billion
+  marks in 1986, incoming orders were barely changed at 3.91
+  billion marks. Meinhardt said without the sharp appreciation of
+  the mark against major trading partner currencies, incoming
+  orders would have been four pct above the prior year's level.
+      World group turnover in heavy plant construction rose 7.4
+  pct to 777 mln marks, but incoming orders dropped 5.7 pct to
+  739 mln marks in the wake of the dollar and oil price plunge.
+      World sales for technical gases rose 5.1 pct to 1.05
+  billion marks and incoming orders gained 5.2 pct to 1.05
+  billion marks.
+      Meinhardt said Linde strengthened its market position in
+  the refrigeration sector, with particularly strong turnover and
+  order gains in Austria, Italy and Norway. World group sales in
+  the sector fell 2.5 pct to 493 mln marks, but incoming orders
+  rose 2.5 pct to 513 mln marks.
+      The fork lift truck and hydraulic sector saw world group
+  sales rising 12.4 pct to 1.52 billion marks and incoming orders
+  gaining 8.0 pct to 1.57 billion marks.
+      Domestic group turnover rose 8.2 pct to 2.93 billion marks
+  and incoming orders increased 1.9 pct to 2.92 billion marks.
+  The company was producing at full capacity in 1986.
+  
+
diff --git a/reuters/training/9707 b/reuters/training/9707
new file mode 100644
index 0000000000000000000000000000000000000000..796cb37d976774d2c64eb6003f6681b5233c79f7
--- /dev/null
+++ b/reuters/training/9707
@@ -0,0 +1,19 @@
+LINDE AG <LING.F> 1986 YEAR
+  Domestic group net profit 105.79 mln marks vs 80.71 mln
+      Turnover 2.93 billion marks vs 2.71 billion
+      Incoming orders 2.92 billion marks vs 2.86 billion
+      Order book at end December 2.28 billion vs 2.37 billion
+      Tax payments 104.98 mln marks vs 88.67 mln
+      Depreciation of fixed assets 107.25 mln marks vs 150.75 mln
+      New investment in fixed assets 148.88 mln vs 148.22 mln
+      Dividend already announced 12 marks vs 11
+      DVFA earnings per share 32.22 marks vs 27.54 marks
+      Shareholders annual meeting May 13, dividend date May 14
+      World group turnover 3.88 billion marks vs 3.62 billion
+      Incoming orders 3.91 billion marks vs 3.91 billion
+      New investment in fixed assets 247 mln marks vs 252 mln
+      No world group profit figures given
+      Parent company net profits 95.04 mln marks vs 74.91 mln
+      Turnover 2.28 billion marks vs 2.14 billion
+  
+
diff --git a/reuters/training/971 b/reuters/training/971
new file mode 100644
index 0000000000000000000000000000000000000000..98bedc43a7e555520ccec278e33ec285497a0c84
--- /dev/null
+++ b/reuters/training/971
@@ -0,0 +1,25 @@
+UNILEVER IMPROVES IN MOST SECTORS DURING 1986
+  The Unilever Plc and NV <UN.A> group saw
+  improved performance in almost all sectors during 1986, the
+  Anglo-Dutch group said in its results statement.
+      Very good progress was made last year, while the recent
+  acquisition of Chesebrough-Pond's Inc <CBM.N> was a significant
+  addition which will greatly benefit the group in the years to
+  come.
+      Earlier, Unilever reported combined fourth quarter pre-tax
+  profit of 276 mln stg, level with the year earlier period,
+  making 1.14 billion stg compared with 953 mln for the 1986 full
+  year.
+      Unilever said it plans to change its depreciation policy to
+  the more conventional practice of depreciating assets
+  individually rather than depreciating fixed assets at average
+  rates. The new method is expected to lead to a reduction in the
+  accumulated provision for depreciation and thereby increase the
+  net book value of tangible asssets by about 300 mln stg as at
+  January 1, 1987.
+      Unilever Plc shares are up 25p since yesterday at 2,575p in
+  buoyant response to the results and share split proposal,
+  though 1986 profits were not ahead of market forecasts, dealers
+  added.
+  
+
diff --git a/reuters/training/9712 b/reuters/training/9712
new file mode 100644
index 0000000000000000000000000000000000000000..79edc3854b7792e16a7dc421ef7ee12875ac4281
--- /dev/null
+++ b/reuters/training/9712
@@ -0,0 +1,14 @@
+TRADE SURPLUS CUT WOULD BENEFIT JAPAN - SUMITA
+  Bank of Japan Governor Satoshi Sumita
+  said it is in Japan's national interest to make greater efforts
+  to reduce its trade surplus.
+      He told business executives the most important issues for
+  the world economy are the correction of international trade
+  imbalances and a solution to the world debt problem.
+      To this end, Japan and the U.S. Must make medium- and
+  long-term efforts to alter economic structures which have
+  expanded the trade gap between the two nations. World economic
+  growth and therefore an expansion of debtor countries' export
+  markets are needed to solve the debt issue, he added.
+  
+
diff --git a/reuters/training/9718 b/reuters/training/9718
new file mode 100644
index 0000000000000000000000000000000000000000..13283ac3ccc29eb85410eb76351ebcfd66ce5646
--- /dev/null
+++ b/reuters/training/9718
@@ -0,0 +1,14 @@
+GULF ESCORTS STILL UNDER DISCUSSION - WEINBERGER
+  No action has been taken yet
+  on the Reagan Adminstration's offer to escort Kuwaiti oil
+  tankers through the Gulf, but the issue is being discussed,
+  U.S. Secretary of Defence Caspar Weinberger said.
+      The offer was made to Kuwait in light of Iran's deployment
+  of Chinese-built missiles to cover the entrance to the Gulf.
+      Weinberger told reporters prior to a speech at Texas
+  Christian University that he did not think Iran and the United
+  States were moving towards a potential conflict, adding that
+  the Straits of Hormuz at the mouth of the Gulf were still "free
+  water."
+  
+
diff --git a/reuters/training/972 b/reuters/training/972
new file mode 100644
index 0000000000000000000000000000000000000000..71d9fd0a1379ba5b6e0f5ac151be38127ee7b58a
--- /dev/null
+++ b/reuters/training/972
@@ -0,0 +1,5 @@
+U.S. LEADING INDICATORS FELL 1.0 PCT IN JAN AFTER REVISED 2.3 PCT DEC RISE
+
+  U.S. LEADING INDICATORS FELL 1.0 PCT IN JAN AFTER REVISED 2.3 PCT DEC RISE
+  
+
diff --git a/reuters/training/9720 b/reuters/training/9720
new file mode 100644
index 0000000000000000000000000000000000000000..63c9ad154184d9348155e7deae2eb5814fe78acc
--- /dev/null
+++ b/reuters/training/9720
@@ -0,0 +1,21 @@
+MIYAZAWA SAYS MAJOR NATIONS ACTING ON PARIS ACCORD
+  Finance Minister Kiichi Miyazawa said
+  major nations are taking action to stabilise exchange rates in
+  line with their agreement in Paris last month, government
+  sources said.
+      Miyazawa told an Upper House session the six nations --
+  Britain, Canada, France, Japan, the U.S. And West Germany --
+  are abiding by the Paris accord. The six agreed to cooperate to
+  stabilise exchange rates at around current levels.
+      Miyazawa said he wishes to attend a meeting of seven major
+  nations (G-7) expected just before the IMF/World Bank Interim
+  Committee meeting in Washington starting on April 9.
+      The sources quoted Miyazawa as saying Japan is trying to
+  prevent a further rise of the yen. Japan is taking the matter
+  seriously, he added.
+      Asked if the six nations had agreed to stabilise the dollar
+  at about 153 yen, the rate prevailing at the time of the Paris
+  talks, Miyazawa declined to give specific figures and said any
+  mention of specific rates would create an "unexpected situation."
+  
+
diff --git a/reuters/training/9723 b/reuters/training/9723
new file mode 100644
index 0000000000000000000000000000000000000000..4d17847dfd438fcb982fcabbdd2df666d9a85877
--- /dev/null
+++ b/reuters/training/9723
@@ -0,0 +1,5 @@
+Hoechst AG 1986 world group pretax profit 3.21 billion marks vs 3.16 billion
+
+  Hoechst AG 1986 world group pretax profit 3.21 billion marks vs 3.16 billion
+  
+
diff --git a/reuters/training/9727 b/reuters/training/9727
new file mode 100644
index 0000000000000000000000000000000000000000..37206e4564955689b97ffb3d43d18cecd54532a6
--- /dev/null
+++ b/reuters/training/9727
@@ -0,0 +1,5 @@
+BANK OF FRANCE LAUNCHES MONEY MARKET INTERVENTION TENDER - OFFICIAL
+
+  BANK OF FRANCE LAUNCHES MONEY MARKET INTERVENTION TENDER - OFFICIAL
+  
+
diff --git a/reuters/training/9728 b/reuters/training/9728
new file mode 100644
index 0000000000000000000000000000000000000000..27fd55af75b02839df65812e2b19658daea54c7c
--- /dev/null
+++ b/reuters/training/9728
@@ -0,0 +1,17 @@
+HOECHST AG <HFAG.F> YEAR 1986
+  Year ended December 31.
+      World group pretax profit 3.21 billion marks vs 3.16
+  billion.
+      Turnover 38.01 billion marks vs 42.72 billion.
+      World group turnover comprised domestic sales 10.83 billion
+  vs 10.80 billion, foreign sales 27.18 billion vs 31.92 billion.
+      Parent pretax profit 1.82 billion marks vs 1.62 billion.
+      Turnover 14.09 billion vs 15.35 billion.
+      Parent turnover comprised domestic sales 6.47 billion vs
+  6.84 billion, foreign sales 7.62 billion vs 8.51 billion.
+      Parent investment in fixed assets 960 mln marks vs 831 mln.
+      Depreciation of fixed assets 935 mln marks vs 847 mln.
+      Investment in new participations 2.53 billion marks vs 294
+  mln.
+  
+
diff --git a/reuters/training/9729 b/reuters/training/9729
new file mode 100644
index 0000000000000000000000000000000000000000..72cc7084786346bc342beb5f78c7650bf2414b0b
--- /dev/null
+++ b/reuters/training/9729
@@ -0,0 +1,13 @@
+GERMAN TRADE, CURRENT ACCOUNT DATA DUE TODAY
+  The Federal Statistics Office will
+  today publish trade and current account figures for February, a
+  spokeswoman said in reply to queries.
+      In January the current account surplus provisionally
+  narrowed to 4.9 billion marks from 8.5 billion in December. The
+  provisional January trade surplus narrowed to 7.2 billion marks
+  from a record 11.6 billion marks the month before.
+      In February 1986 the current account had shown a 6.85
+  billion mark surplus and the trade account a 6.84 billion
+  surplus.
+  
+
diff --git a/reuters/training/9730 b/reuters/training/9730
new file mode 100644
index 0000000000000000000000000000000000000000..495549a212e07fe31d9a641e76859645bc105ed2
--- /dev/null
+++ b/reuters/training/9730
@@ -0,0 +1,25 @@
+BANK OF FRANCE LAUNCHES MONEY MARKET TENDER
+  The Bank of France said it set a money
+  market intervention tender today to inject funds to the market
+  against first category paper.
+      Money market sources said the surprise announcement might
+  herald a quarter percentage point cut in the central bank
+  intervention rate from the 7-3/4 pct level set March 10, but
+  they added such a cut was relatively unlikely.
+      The intervention rate was cut from eight pct on March 10
+  after being raised from 7-1/4 pct on January 2 to head off
+  speculative pressure against the franc.
+      Dealers said market fundamentals could justify a further
+  easing, but a combination of technical factors and renewed
+  currency uncertainties surrounding the dollar had put
+  short-term upside pressure on interest rates in recent
+  sessions.
+      Call money rose yesterday to 7-7/8 eight pct from 7-3/4 7/8
+  pct. Today it was first indicated at 8-1/8 1/4 before easing on
+  news of the tender to 7-13/16 7/8 pct.
+      Technical factors making for a slight shortage of liquidity
+  in the market included the settlement yesterday of the latest
+  monthly treasury tap stock tender, on March 5, market sources
+  said.
+  
+
diff --git a/reuters/training/9731 b/reuters/training/9731
new file mode 100644
index 0000000000000000000000000000000000000000..7be8c6e2d45fe7628a50703e5fdc2ed8bdefbd7f
--- /dev/null
+++ b/reuters/training/9731
@@ -0,0 +1,5 @@
+BP says it will tender for remaining 45 pct of Standard Oil at 70 dlrs a share cash
+
+  BP says it will tender for remaining 45 pct of Standard Oil at 70 dlrs a share cash
+  
+
diff --git a/reuters/training/9733 b/reuters/training/9733
new file mode 100644
index 0000000000000000000000000000000000000000..d963add744b8e21ccb5ac0a7e113e0427f270cc1
--- /dev/null
+++ b/reuters/training/9733
@@ -0,0 +1,82 @@
+BP TO OFFER 7.4 BILLION DLRS FOR STANDARD SHARES
+  British Petroleum Co Plc <BP.L> said it
+  intended to make a tender offer for the 45 pct of Standard Oil
+  Co <SRD.N> it does not already own at 70 dlrs a share cash, for
+  a total of 7.4 billion if the offer is fully accepted.
+      The offer would be made through its <BP North America Inc>
+  unit and was intended to commence not later than April 1. The
+  offer would not be conditional on any minimum number of shares
+  being tendered.
+      BP said in a statement the 70 dlr a share price was based
+  on its own valuation as well as those of its financial
+  advisers. It took into account reviews of both public and
+  non-public information.
+      Standard closed in New York last night at 64-7/8 dlrs, down
+  1-3/4 dlrs.
+      BP shares dropped on the announcement to 877p from 888p at
+  last night's close.
+      About a third of the cash payable would be met from BP's
+  own resources.
+      The remainder would come from new borrowings, partly from
+  banks under a four-year committed revolving credit facility and
+  partly from a a new U.S. Dlr commercial paper programme. The
+  company said it was in the course of arranging these
+  facilities.
+      BP Chairman Sir Peter Walters said that the group's
+  investment in Standard was its largest single asset. Full
+  ownership would enable investment and operating decisions to be
+  made without the limitations of a minority interest.
+      BP also believed the acquisition represented the optimum
+  use of its financial resources. It was confident oil prices
+  were likely to remain within a range sufficient to justify the
+  investment.
+      Walters added that it also felt that, due to management
+  changes in 1986, Standard could now operate successfully even
+  in a lower oil price environment.
+      Standard's net assets at end-1986 were 7.02 billion dlrs
+  and in the year it reported a loss of 1.08 billion dlrs before
+  tax and before an extraordinary item of 608 mln dlrs.
+      Analysts said that the move by BP had come as a surprise.
+  One noted that it was not immediately clear why the group
+  should spend so much money buying a company it already
+  controlled.
+      BP could also have bought up the remainder of Standard
+  shares considerably cheaper had it moved six months ago.
+      It was also unclear what effect the tender would have on
+  the U.K. Government's recent announcement that it intended to
+  dispose of its remaining 31.7 pct stake in BP sometime in the
+  1987/88 financial year, analysts said.
+      Analyst Paul Spedding of brokers Kleinwort Grieveson noted
+  that any effect on the government sale of its stake in BP would
+  depend on the reaction of the markets.
+      The deal would probably push BP's gearing up to around 59
+  pct from 20 pct currently, he said.
+      However, with the likelihood that oil prices would not
+  repeat last year's rapid drop the prospects for Standard
+  returning to profitability this year -- and BP benefitting from
+  its cash flow -- were good.
+      Standard was a high cost oil producer, the analysts noted.
+      Spedding noted that it needed about 12 dlrs a barrel to
+  make money, and at about 15 dlrs a barrel revenue from
+  production and its downstream activities would push it
+  comfortably into surplus.
+      BP initially took a stake in Standard following the
+  discovery of oil in Alaska's Prudhoe bay in 1969. BP had
+  inadequate distribution facilities in the U.S. While Standard,
+  which was strong on marketing and refining, was short on crude
+  oil.
+      The analysts said that BP had promoted a major management
+  reorganisation of Standard in the past year.
+      The probability that much of the shake-up at Standard was
+  now complete was one possible factor behind the timing of the
+  tender offer, Spedding said.
+      BP's willingness to take hard decisions such as major
+  balance sheet write offs and the sale of assets had been well
+  received in the markets.
+      The lower costs that should now be possible -- especially
+  after the rationalisation of the loss making minerals division
+  -- should allow the benefits of an oil price recovery to come
+  straight through to 1987 profits without being cut back by
+  other sectors.
+  
+
diff --git a/reuters/training/9734 b/reuters/training/9734
new file mode 100644
index 0000000000000000000000000000000000000000..b18ca3e2d9e0cf96635621012f1575e974e4a531
--- /dev/null
+++ b/reuters/training/9734
@@ -0,0 +1,45 @@
+HOECHST RAISES PROFITS ON LOWER SALES
+  Hoechst AG <HFAG.F> said in a
+  statement it increased its pretax profits in 1986 despite a
+  fall in turnover due to lower foreign sales.
+      The lower sales were due to the fall in the dollar and
+  other currencies against the mark. Other factors were pressure
+  on selling prices because of a sharp fall in the prices of
+  crude oil and petrochemical raw materials and the sale of
+  polystyrene business in the U.S. And Netherlands.
+      World group pretax profit rose to 3.21 billion marks in
+  1986 from 3.16 billion in 1985, with sales falling to 38.01
+  billion from 42.72 billion.
+      Within group turnover, foreign sales fell to 27.18 billion
+  marks in 1986 from 31.92 billion in 1985, a drop of 14.9 pct.
+      The statement made no mention of net profit figures.
+  Hoechst will announce its dividend proposal on April 23.
+      In the first quarter of this year sales were hit by the
+  cold weather at the start of the year. If the dollar continues
+  at present low levels, 1987 sales will again be below the
+  previous year, although in volume terms they are unchanged from
+  1986, Hoechst said.
+      Sales of paints and dyes, fibres, sheeting and information
+  technology all rose in 1986 but plant construction sales fell.
+      Hoechst attributed its good results to the performance of
+  the parent company, other units in West Germany, and to
+  <American Hoechst Corp>.
+      Improved earnings in the U.S. Largely reflected the
+  restructuring of styrene and polystyrene activities.
+      Roussel Uclaf <RUCF.PA> and most domestic non-consolidated
+  partners did not perform as well as in 1985.
+      Hoechst attributed the 12 pct rise in parent company pretax
+  profits to 1.82 billion marks above all to a rise in earnings
+  from interest and holdings in other companies, and a fall in
+  extraordinary costs.
+      The fall in raw material prices was not enough to
+  compensate for the decline in turnover due to lower prices and
+  currencies, Hoechst said.
+      The bulk of the 2.53 billion marks investment in new
+  projects, up from 294 mln marks in 1985, went on the capital
+  increase of Hoechst Capital Corp in connection with the
+  acquisition of <Celanese Corp>.
+      Celanese was merged with American Hoechst in February to
+  form <Hoechst Celanese Corp>.
+  
+
diff --git a/reuters/training/9735 b/reuters/training/9735
new file mode 100644
index 0000000000000000000000000000000000000000..e0a6a74c1bada78fc2ca0047bf7448d8616e819f
--- /dev/null
+++ b/reuters/training/9735
@@ -0,0 +1,5 @@
+Danish overnight money market rate cut to 10 pct from 10.5 - central bank
+
+  Danish overnight money market rate cut to 10 pct from 10.5 - central bank
+  
+
diff --git a/reuters/training/9736 b/reuters/training/9736
new file mode 100644
index 0000000000000000000000000000000000000000..04f7d8bff0624381c7a7ad353e2abc74b55d37b4
--- /dev/null
+++ b/reuters/training/9736
@@ -0,0 +1,35 @@
+BHP NET SEEN AROUND 600 MLN DLRS FOR NINE MONTHS
+  Australia's largest company, The Broken
+  Hill Pty Co Ltd <BRKN.S> (BHP), is expected to report a net
+  profit of around 600 mln to 620 mln dlrs tomorrow for the first
+  nine months ended February 28, share analysts polled by Reuters
+  said.
+      This would be well below the 813.0 mln dlrs earned in the
+  first three quarters of 1985/86. In the full year ended May 31
+  1986 the group earned a record 988.2 mln dlrs.
+      The analysts estimated that the group would report a third
+  quarter net in the region of 200 mln to 220 mln dlrs, against
+  238.6 mln a year earlier and 220.3 mln in the second quarter.
+      BHP's earnings in the first half ended November 30 amounted
+  to 397.0 mln dlrs, sharply down from 589.3 mln a year earlier.
+      The analysts predicted that BHP will report an upturn in
+  petroleum earnings compared with the first quarter, reflecting
+  some improvement in crude oil prices from the Bass Strait
+  fields, but these gains would be offset by lower mineral and
+  steel earnings.
+      They said the mineral group has been hit by lower coal
+  prices and shipments to Japan while the steel division has been
+  affected by industrial and production problems.
+      The analysts noted that the third quarter is normally BHP's
+  lowest-earning period owing to a number of seasonal factors,
+  and they predicted a sharp rise in fourth quarter net to around
+  300 mln dlrs.
+      One key factor in the fourth quarter is expected to be a
+  tax break of some 70 mln dlrs for the investment allowance on
+  capital expenditure in the steel division, they said.
+      They said they saw BHP's full year earnings at around 900
+  mln to 920 mln dlrs. They added that such a decline from
+  1985/86 would be no surprise, noting BHP has said that it would
+  be difficult to equal its record 1985/86 net profit.
+  
+
diff --git a/reuters/training/9737 b/reuters/training/9737
new file mode 100644
index 0000000000000000000000000000000000000000..b686152abbbc59e4c057323bfdfe82ebe6509f58
--- /dev/null
+++ b/reuters/training/9737
@@ -0,0 +1,5 @@
+ BP units seek five billion dlr revolving credit to support Standard Oil tender
+
+   BP units seek five billion dlr revolving credit to support Standard Oil tender
+  
+
diff --git a/reuters/training/9738 b/reuters/training/9738
new file mode 100644
index 0000000000000000000000000000000000000000..ff0664f96182b5eb4a8d0521188f15976d774262
--- /dev/null
+++ b/reuters/training/9738
@@ -0,0 +1,14 @@
+INDIAN PLANT SIGNS FIRST ALUMINA EXPORT CONTRACT
+  An unnamed Norwegian firm agreed to
+  buy 100,000 tonnes of alumina a year from a refinery in eastern
+  Orissa state due to start operations in the next 12 months, a
+  Commerce Ministry official told Reuters.
+      He said the state-owned National Aluminium Co, which owns
+  the plant, and the state-owned Mineral and Metals Trading Corp
+  signed its first long-term export agreement with the company,
+  but gave no further details.
+      Of the plant's 800,000 tonnes annual capacity, 425,000 will
+  be smelted into 218,000 tonnes of aluminium and the remaining
+  375,000 will be exported, the official said.
+  
+
diff --git a/reuters/training/974 b/reuters/training/974
new file mode 100644
index 0000000000000000000000000000000000000000..30ff6674c18da0abc4495a478a0bda734122aa27
--- /dev/null
+++ b/reuters/training/974
@@ -0,0 +1,33 @@
+U.S. LEADING INDEX FELL 1.0 PCT IN JANUARY
+  The U.S. index of leading indicators
+  fell a seasonally adjusted 1.0 pct in January after a revised
+  2.3 pct December gain, the Commerce Department said.
+      The department previously said the index rose 2.1 pct in
+  December.
+      The decline in January was the biggest for any month since
+  July, 1984, when the index fell 1.7 pct.
+      The January decrease left the index at 183.8 over its 1967
+  base of 100, and was led by a fall in contracts and orders for
+  plant and equipment.
+      A total of six of 10 indicators available for January
+  contributed to the decline.
+      Besides contracts and orders for plant and equipment, they
+  were building permits, manufacturers' new orders for consumer
+  goods, a change in sensitive materials prices, slower
+  deliveries from vendors and higher average weekly claims for
+  state unemployment insurance.
+      Four of 10 indicators were positive, including stock
+  prices, new business formation, average work week and money
+  supply.
+      The main factor for the December upward revision was new
+  business formation.
+      There was no revision in the 0.9 pct increase in the
+  leading indicators index for November.
+      The index of coincident indicators, which measures the
+  current economy, fell 0.1 pct in January after increases of 0.7
+  pct in December and 0.2 pct in November.
+      The index of lagging indicators, which measures past
+  economic activity, rose 0.5 pct in January after a decrease of
+  0.5 pct in December and an increase of 0.2 pct in November.
+  
+
diff --git a/reuters/training/9741 b/reuters/training/9741
new file mode 100644
index 0000000000000000000000000000000000000000..a985a4c271fbfa8298197afe8f64dab390033c88
--- /dev/null
+++ b/reuters/training/9741
@@ -0,0 +1,15 @@
+LUCAS INDUSTRIES PLC <LUCS.L> HALFYEAR ENDED JAN 31
+  Shr 22.9p vs 26.9p.
+      Interim div 2.6p vs same.
+      Pre-tax profit 40.0 mln stg vs 38.0 mln.
+      Net profit before minorities 29.6 mln vs 30.9 mln.
+      Turnover 825.0 mln vs 791.6 mln.
+      Trading profit 52.8 mln stg vs 52.5 mln.
+      Related companies profit 3.1 mln vs 1.4 mln.
+      Interest payable 12.3 mln vs 14.6 mln.
+      Reorganisation and redundancy costs 3.6 mln vs 1.3 mln.
+      Tax 10.4 mln vs 7.1 mln.
+      Minorities 1.5 mln vs 2.4 mln.
+      Extraordinary charges 1.3 mln vs 34.2 mln.
+  
+
diff --git a/reuters/training/9742 b/reuters/training/9742
new file mode 100644
index 0000000000000000000000000000000000000000..ab9141c4c822a9f678d329a914b7489dc79aab15
--- /dev/null
+++ b/reuters/training/9742
@@ -0,0 +1,37 @@
+BP UNITS SEEK FIVE BILLION DLR REVOLVING CREDIT
+  BP International and BP North America
+  are seeking a five billion dlr, four year syndicated credit
+  facility in support of British Petroleum Co Plc's tender offer
+  for the 45 pct of Standard Oil Co it does not already own,
+  Morgan Guaranty Trust Co of New York said as arranger.
+      The facility, to be guaranteed by British Petroleum Co Plc
+  <BP.L> is probably the largest credit facility ever arranged in
+  Europe, bond analysts said. Full terms will be announced either
+  later today or tomorrow morning. BP said earlier it planned a
+  tender offer for the 45 pct of Standard it does not already own
+  for 70 dlrs a share cash.
+      The financing being arranged by Morgan Guaranty will take
+  the form of a fully committed revolving credit. As announced
+  earlier, BP also is arranging a U.S. Commercial paper program
+  in connection with the tender and part of the revolver will be
+  used to support that program.
+      The exact size of the U.S. Program has not been decided and
+  the dealers have not yet been chosen.
+      The credit facility will also allow the borrower to issue
+  cash advances with maturities of one, three or six months
+  through a tender panel, which will be comprised of banks
+  committed to the facility.
+      Despite the unprecedented size of this euromarket facility,
+  Morgan Guaranty said that it was being syndicated only among
+  BP's relationship banks.
+      As a result, banks were being offered lead manager status
+  at 200 mln dlrs, co-lead management at 125 mln and manager at
+  75 mln.
+      Although pricing on many credit facilities has become
+  extremely fine in recent years because of the keen competition
+  to win mandates, Morgan Guaranty said banks would be
+  compensated fairly since this is a special purpose facility
+  which must be completed quickly, with signing expected in about
+  10 days.
+  
+
diff --git a/reuters/training/9744 b/reuters/training/9744
new file mode 100644
index 0000000000000000000000000000000000000000..49dc7a1d3d21d99987c40eb7eebd2fa2f7bbfb9f
--- /dev/null
+++ b/reuters/training/9744
@@ -0,0 +1,10 @@
+CLUB MEDITERRANEE <CMI.PA> - YEAR ENDED OCTOBER 31
+  Parent company 1986 net profit 202.55 mln francs vs 171.31
+  mln
+      Dividend 13.02 francs vs same, including 4.34 francs tax
+  credit.
+      (Note -  company earlier reported consolidated net profit
+  315.9 mln francs vs 302.08 mln and consolidated attributable
+  profit of 293.3 mln vs 266.6 mln.)
+  
+
diff --git a/reuters/training/9745 b/reuters/training/9745
new file mode 100644
index 0000000000000000000000000000000000000000..37eb7ae51ca8b9f4d8a1583c47c28cfa9b3d31d1
--- /dev/null
+++ b/reuters/training/9745
@@ -0,0 +1,10 @@
+U.K. MONEY MARKET LIQUIDITY POSITION EXPECTED FLAT
+  The Bank of England said it has forecast
+  a flat position in the money market today.
+      Among the main factors, maturing assistance and take-up of
+  treasury bills will drain 545 mln stg and a rise in note
+  circulation 35 mln stg but the outflow will be offset by 490
+  mln stg exchequer transactions and bankers balances above
+  target 70 mln.
+  
+
diff --git a/reuters/training/9746 b/reuters/training/9746
new file mode 100644
index 0000000000000000000000000000000000000000..b96f34c7ffa7d593a56b6ac73c1eb77fc045609b
--- /dev/null
+++ b/reuters/training/9746
@@ -0,0 +1,27 @@
+EC SUGAR TENDER SEEN AS FURTHER CONCESSION
+  The rebates granted at yesterday's EC
+  sugar tender represent a further concession to producers'
+  complaints that they are losing money on exports outside the
+  bloc, trade sources said.
+      They said the maximum rebate of 45.678 European currency
+  Units (Ecus) per 100 kilos was 0.87 Ecus below what producers
+  claim is needed to obtain the equivalent price to that offered
+  for sales into intervention.
+      The rebate at last week's tender was 1.3 Ecus short of the
+  level producers thought necessary and that of the previous week
+  was 2.5 Ecus below this level.
+      But the sources said producers who have offered a total of
+  854,000 tonnes of sugar into intervention in an apparent
+  attempt to persuade the Commission to set higher maximum
+  rebates have given no formal indication to the Commission that
+  they intend to withdraw these offers.
+      The French and German operators involved would be able to
+  withdraw the offers up to five weeks after April 1 when the
+  sugar will officially enter intervention stores.
+      The five-week period is the normal delay between sugar
+  going into intervention and payment being made for it.
+      EC officials have said that if the Commission has to buy
+  the sugar, it is determined immediately to resell it, a move
+  which could drive down market prices further.
+  
+
diff --git a/reuters/training/9747 b/reuters/training/9747
new file mode 100644
index 0000000000000000000000000000000000000000..eea9e2e24783ece768b8a3af8ff8d94ba56f88d7
--- /dev/null
+++ b/reuters/training/9747
@@ -0,0 +1,5 @@
+ German Feb current account surplus 6.6 billion marks (Jan surplus 4.8 billion) - official
+
+   German Feb current account surplus 6.6 billion marks (Jan surplus 4.8 billion) - official
+  
+
diff --git a/reuters/training/9748 b/reuters/training/9748
new file mode 100644
index 0000000000000000000000000000000000000000..19628f14dc535811893a42dc0994936e956a7fe5
--- /dev/null
+++ b/reuters/training/9748
@@ -0,0 +1,5 @@
+ German February trade surplus 10.4 billion marks (Jan surplus 7.2 billion) - official
+
+   German February trade surplus 10.4 billion marks (Jan surplus 7.2 billion) - official
+  
+
diff --git a/reuters/training/9749 b/reuters/training/9749
new file mode 100644
index 0000000000000000000000000000000000000000..e54bb75b6b7993dba2913f2fd1fec17a00bd23c8
--- /dev/null
+++ b/reuters/training/9749
@@ -0,0 +1,66 @@
+GERMAN CURRENT ACCOUNT SURPLUS WIDENS IN FEBRUARY
+  West Germany's current account
+  surplus widened to a provisional 6.6 billion marks in February
+  from a slightly downwards revised 4.8 billion in January, a
+  spokeswoman for the Federal Statistics Office said.
+      The trade surplus in February widened to a provisional 10.4
+  billion marks from 7.2 billion in January, she added.
+      The Statistics Office had originally put the January
+  current account surplus at 4.9 billion marks.
+      The February trade surplus was well up on the 6.84 billion
+  mark surplus posted in the same month of 1986. But the current
+  account surplus was down slightly from the 6.85 billion surplus
+  recorded in February 1986.
+      A Statistics Office statement said the widening of the
+  February current account surplus compared with January was due
+  to seasonal factors. Neither the trade nor current account
+  figures are seasonally adjusted.
+      February imports, measured in terms of value, totalled
+  32.11 billion marks, a decline of 10 pct against February 1986
+  but a rise of 5.5 pct against January.
+      Exports in February, also in value terms, totalled 42.56
+  billion marks, 0.5 pct less than in February 1986 but up 13 pct
+  compared with January.
+      The Statistics Office said it was not yet able to calculate
+  the real change in exports and imports in February. But for
+  comparison purposes it noted that in January the average value
+  of imports had fallen 15 pct year-on-year while the average
+  value of exports had declined by only 4.4 pct.
+      Within the current account, the services account had 300
+  mln marks deficit, supplementary trade items a 200 mln mark
+  surplus while transfer payments posted a 3.7 billion mark
+  deficit.
+      Taking the first two months of 1987 together, imports in
+  value terms fell 14 pct to 62.6 billion marks compared with a
+  year earlier. The value of exports totalled 80.2 billion marks,
+  a decline of 7.4 pct against the same months of 1986.
+      The resulting trade surplus of 17.6 billion marks for
+  January/February compares with a cumulative surplus of 14.1
+  billion marks in the year-ago period.
+      The cumulative current account surplus for January and
+  February 1987 totalled 11.3 billion marks against 11.4 billion
+  marks a year earlier, the Statistics Office said.
+      Bank economists said the rise in the February trade surplus
+  reflected an improvement in the terms of trade as well as
+  seasonal factors. The Federal Statistics Office said earlier
+  this week that February import prices fell 0.7 pct against
+  January while export prices were unchanged.
+      "The rise in the nominal figures masks a lower export trend
+  that is not expected to change for several months at least,"
+  said an economist. He said the nominal trade surplus for 1987
+  as a whole is likely to fall only slightly from the record
+  112.2 billion marks in 1986 but other economists said the
+  surplus could fall to around 80 billion marks.
+      An economist at the Bank fuer Gemeinwirtschaft (BfG) in
+  Frankfurt said a two-month comparison of trade figures gave a
+  more accurate picture of West Germany's trade position.
+      He noted the 17.6 billion mark surplus for January and
+  February together was lower than the 21.6 billion mark surplus
+  posted in November and December.
+      "The trend is clearly lower," he said.
+      This economist, who declined to be named, said the February
+  rise was also partly explained by special factors in January,
+  when there had been a number of public holidays as well as
+  extremely cold weather, both of which hindered trade.
+  
+
diff --git a/reuters/training/9751 b/reuters/training/9751
new file mode 100644
index 0000000000000000000000000000000000000000..bc9cf01777e0ec6f4681bc8224a55678c8ab6b6a
--- /dev/null
+++ b/reuters/training/9751
@@ -0,0 +1,20 @@
+KEATING REVISES DOWN AUSTRALIAN GROWTH FORECAST
+  Treasurer Paul Keating forecast
+  economic growth at slightly under two pct in the financial year
+  ending June this year, down from the 2.25 pct forecast
+  contained in the 1986/87 budget delivered last August.
+      Australia's terms of trade also fell, by 18 pct, over the
+  past two years, he told Parliament. Terms of trade are the
+  difference between import and export price indexes.
+      Despite the figures, the budget forecast of about 1.75 pct
+  annual growth in employment would be met, Keating said.
+      Unemployment is currently at 8.2 pct of the workforce.
+      "This government is dragging Australia through a trading
+  holocaust the kind of which we have not seen since the Second
+  World War," Keating said.
+      "We are not pushing this place into a recession. We are not
+  only holding our gains on unemployment, we are bringing
+  unemployment down," he said, adding that the government had help
+  the country avoid recession.
+  
+
diff --git a/reuters/training/9752 b/reuters/training/9752
new file mode 100644
index 0000000000000000000000000000000000000000..4cadb40f8b53f23898587eb46adce67ace1b4f6f
--- /dev/null
+++ b/reuters/training/9752
@@ -0,0 +1,14 @@
+TAIWAN'S SAVINGS AT RECORD HIGH
+  Taiwan has over one trillion Taiwan dlrs
+  in savings, official statistics show.
+      Figures released yesterday show all forms of savings by
+  individuals and public and private firms, including bank
+  deposits, certificates of deposits and bond's, are running at
+  about 37 pct of gross national product (GNP).
+      GNP rose by 14.35 pct in 1986 to 2.74 trillion dlrs.
+      Taiwan's strict foreign exchange controls and lack of
+  incentives to invest abroad mean its huge export earnings are
+  mainly deposited in bank savings accounts, earning below four
+  pct interest each year.
+  
+
diff --git a/reuters/training/9753 b/reuters/training/9753
new file mode 100644
index 0000000000000000000000000000000000000000..822cf62322fd6de3f9a1bba6958c7f83909366fd
--- /dev/null
+++ b/reuters/training/9753
@@ -0,0 +1,15 @@
+SHORT-DATED SAUDI RIYAL RATES FIRM IN QUIET MARKET
+  Short-dated Saudi riyal interest rates
+  firmed but other rates were steady in quiet trading, dealers
+  said.
+      "Day-to-day money is a bit tighter," one trader said.
+      Overnight rose two points to six pct, while most quotes for
+  tomorrow/next and spot/next were 1/2 point higher at around
+  six, 5-1/2 pct.
+      The periods were essentially steady at 5-7/8, 5/8 pct for
+  one month, 6-1/2, 3/8 pct for three, and 6-7/8, 11/16 for six
+  months.
+      The spot riyal stood at 3.7500/05 to the dollar after
+  3.7506/09 yesterday.
+  
+
diff --git a/reuters/training/9754 b/reuters/training/9754
new file mode 100644
index 0000000000000000000000000000000000000000..4d5c86a7db0038969aa38572c091196c911253bb
--- /dev/null
+++ b/reuters/training/9754
@@ -0,0 +1,66 @@
+JAPAN BEEF PRICE SUPPORT CUT WILL NOT RAISE DEMAND
+  Japan's plan to cut beef intervention
+  prices for the fiscal year starting April 1 will not boost
+  demand because of strict supply controls and a complex
+  distribution system, Japanese and U.S. Industry sources said.
+      "Government beef policy protects farmers rather than meeting
+  consumers' demands and the cutback ... Is too marginal," a
+  Housewives Association of Japan official said.
+      Despite mounting U.S. Pressure on Japan to open farm
+  markets, beef is strictly controlled by the government, which
+  maintains a price stabilisation zone to protect farmers.
+      Under the plan, expected to be announced this month, the
+  standard or bottom price of castrated wagyu -- known as marbled
+  beef -- will be set at 1,370 yen per kilo for 1987/88 against
+  1,400 now, and the ceiling at 1,780 yen against 1,820.
+      The standard price of other beef, mainly produced from
+  dairy steers, is set at 1,020 yen against 1,090 and the ceiling
+  at 1,325 against 1,420.
+      Ministry officials said the semi-government Livestock
+  Industry Promotion Corp (LIPC) conducts buffer stock operations
+  to help keep wholesale beef prices within the intervention
+  price zone.
+      The LIPC is allowed to import most beef, with the amount
+  set by the government under a quota system. When wholesale
+  prices go above the ceiling, the LIPC releases its beef stocks,
+  both domestic and imported, and buys locally produced beef when
+  prices are below.
+      But the LIPC has often been criticised for releasing beef
+  stocks when the prices are higher than the ceiling.
+      Phillip Seng, Asian Director of the U.S. Meat Export
+  Federation, told Reuters the two pct cut in prices is a step
+  toward closing the gap with European Community prices, about
+  half those in Japan.
+      But Seng said the cut will not benefit consumers or U.S.
+  Meat exporters because of Japan's rigid and complicated
+  distribution system and strict supply control by the LIPC.
+      The Housewives Association official said retail beef prices
+  are high mainly because of distribution problems and high
+  production costs, as well as poor operations by the LIPC.
+      American meat packers see Japan as a promising market. F.C.
+  Beatty, of U.S. Packer John Morrell and Co, told the Japan
+  Times beef cuts, which sell for 1.20 to 3.00 dlrs a pound in
+  the U.S., Are sold at 15 to 30 dlrs in Japan.
+      But Seng said the cut will not benefit consumers or U.S.
+  Meat exporters because of Japan's rigid and complicated
+  distribution system and strict supply control by the LIPC.
+      The Housewives Association official said retail beef prices
+  are high mainly because of distribution problems and high
+  production costs, as well as poor operations by the LIPC.
+      American meat packers see Japan as a promising market. F.C.
+  Beatty, of U.S. Packer John Morrell and Co, told the Japan
+  Times beef cuts, which sell for 1.20 to 3.00 dlrs a pound in
+  the U.S., Are sold at 15 to 30 dlrs in Japan.
+      But industry sources said it is unclear how much demand
+  will pick up if retail beef prices drop following any sharp
+  reduction in intervention prices.
+      U.S. Agriculture Secretary Richard Lyng said this week he
+  will ask Japan to remove all beef import restrictions when he
+  visits here next month.
+      In 1984, Japan decided to increase its beef import quota by
+  9,000 tonnes a year until March 31, 1988.
+      In 1987/88, the quota will rise to 177,000 tonnes from
+  168,000 in 1986/87, ministry officials said, adding Japan wants
+  to keep self-sufficiency in beef at around 70 pct.
+  
+
diff --git a/reuters/training/9755 b/reuters/training/9755
new file mode 100644
index 0000000000000000000000000000000000000000..2c2fa4f0fdb58d2ce8f4143a705aef99d0353f2d
--- /dev/null
+++ b/reuters/training/9755
@@ -0,0 +1,34 @@
+FOREIGN FIRMS HOPE TO JOIN JAPAN TELECOM COMPANY
+  One of two rival firms seeking to enter
+  Japan's international telecommunications market said it will
+  offer a stake in the company to 10 foreign firms.
+      President of <International Telecom Japan Inc> (ITJ), Nobuo
+  Ito, decline to specify what share the firms would take, but
+  told Reuters they would not participate in its management.
+      ITJ and <International Digital Communications Planning Inc>
+  (IDC), in which both Cable and Wireless Plc <CAWL.L> and
+  Pacific Telesis Group <PAC.N> own 20 pct stakes, are set to
+  merge into a new entity to compete against <Kokusai Denshin
+  Denwa Co Ltd> (KDD).
+      The Ministry of Posts and Telecommunications has urged the
+  two rival firms to merge so KDD would have only a single
+  competitor. The ministry has also rejected foreign management.
+      Japan's law limits foreign ownership of any new
+  international telecommunications entrant to 33 pct, so C and
+  W's and Pacific's stakes could be three pct in the merged firm,
+  sources said. Those seeking to join are General Electric Co
+  <GE.N>, Ford Motor Co <F.N>, <Citibank NA>, BankAmerica Corp
+  <BAC.NYSE>, <Shearson Lehman Bros Inc>, <Saloman Brothers>,
+  <Asia Boeing Computer Service>, Unisys Corp <UIS.N>, <Societe
+  Generale> and Deutsche Bank AG <DBKG.FRA>.
+      The merger plan has been criticised for excluding foreign
+  firms from a meaningful position in the market.
+      The U.K.'s Prime Minister Margaret Thatcher, U.S. Secretary
+  of State George Shultz, U.S. Commerce Secretary Malcolm
+  Baldrige and U.S. Trade Representative Clayton Yeutter have all
+  expressed such opposition.
+      Japanese Prime Minister Yasuhiro Nakasone will draft a
+  reply to the criticism following further discussion, a Posts
+  and Ministry official said.
+  
+
diff --git a/reuters/training/9756 b/reuters/training/9756
new file mode 100644
index 0000000000000000000000000000000000000000..8633a6ca25a531c903b24c3995d8f8b4adb1db98
--- /dev/null
+++ b/reuters/training/9756
@@ -0,0 +1,10 @@
+U.K. OILMEAL/VEG OIL PRODUCTION ROSE IN 1986
+  The U.K. Produced 820,400 tonnes of
+  oilcake and meal and 431,000 tonnes of crude vegetable oil in
+  calendar 1986, Ministry of Agriculture figures show.
+      They compare with 785,800 tonnes of oilcake and meal and
+  407,400 tonnes of crude vegetable oil produced in 1985.
+      Total oilseeds crushed rose to 1.27 mln tonnes from 1.21
+  mln in 1985.
+  
+
diff --git a/reuters/training/976 b/reuters/training/976
new file mode 100644
index 0000000000000000000000000000000000000000..e65692b851fd81879c2680bbb64d1810d93cca1e
--- /dev/null
+++ b/reuters/training/976
@@ -0,0 +1,7 @@
+BURLINGTON COAT FACTORY WAREHOUSE CORP <BCF> NET
+  Jan 31 end
+      Shr 1.40 dlrs vs 1.10 dlrs
+      Net 16.4 mln vs 12.9 mln
+      Revs 196.2 mln vs 157.5 mln
+  
+
diff --git a/reuters/training/9760 b/reuters/training/9760
new file mode 100644
index 0000000000000000000000000000000000000000..8842a71a104cf023db03ae611fa6019babfb609c
--- /dev/null
+++ b/reuters/training/9760
@@ -0,0 +1,50 @@
+SIEMENS SEES SALES NEAR 52 BILLION MARKS THIS YEAR
+  World group turnover of Siemens AG
+  <SIEG.F> should rise to 51 or 52 billion marks in the current
+  year to September 31 after a 19 pct upturn in the first five
+  months, management board chairman Karlheinz Kaske said.
+      Siemens reported world group turnover in 1985/86 of 47.02
+  billion marks.
+      Kaske told the annual shareholders meeting turnover rose to
+  21.2 billion marks in the first five months of 1986/87, about
+  19 pct above the same year-ago period. The rise was mainly due
+  to payment in January for a West German nuclear power station
+  which led to a jump in domestic sales of 36 pct.
+      In the first five 1986/87 months, turnover abroad showed a
+  three pct increase, Kaske said, without giving figures.
+      In the same period incoming orders rose five pct to 21.8
+  billion marks against the same 1985/86 period.
+      For the year as a whole incoming orders should rise between
+  one and two billion marks to around 51 or 52 billion.
+      Apart from payments for the nuclear power station, the
+  communications and telecommunications sectors in particular
+  should contribute to growth this year, Kaske said.
+      But it was not possible to make a profit forecast for
+  1986/87 because of uncertainty about the direction of the
+  dollar, Kaske said.
+      Siemens already reported that first quarter 1986/87 group
+  net profit fell marginally to 296 mln marks from 298 mln in the
+  same period in the previous year.
+      Turnover in the first five months rose particularly
+  strongly in the installations and automotive technology,
+  communications and telecommunications sectors, but components
+  and energy and automation showed a sharp decline.
+      Kaske said domestic orders rose to 10.2 billion marks in
+  the first five months of this year, or nine pct above their
+  level in the same 1985/86 period, boosted in particular by
+  orders for the fully owned Kraftwerk Union AG subsidiary.
+      Foreign orders grew one pct to 11.6 billion marks. An
+  increase in orders through newly acquired subsidiaries abroad
+  was balanced by the decline in the dollar.
+      While the installations and automotive technology sector
+  showed a sharp rise in orders, energy and automation and
+  communications orders were below the level achieved in the same
+  period of 1985/86.
+      Telecommunications orders remained at roughly the same
+  level.
+      Kaske said investments were expected to remain around six
+  billion marks in 1986/87 after a 50 pct increase the previous
+  year. Research and development were likely to rise 13 pct to
+  6.1 billion marks or around 12 pct of turnover.
+  
+
diff --git a/reuters/training/9761 b/reuters/training/9761
new file mode 100644
index 0000000000000000000000000000000000000000..ee13758ba4b74848c320464e1862e389c96c78d3
--- /dev/null
+++ b/reuters/training/9761
@@ -0,0 +1,42 @@
+KRUPP HAS SATISFACTORY 1986 RESULTS
+  The Fried. Krupp GmbH
+  <KRPG.D> steel and engineering group said it had a satisfactory
+  1986 despite a provisional 12 pct fall in total group sales to
+  18.1 billion marks from 20.7 billion the previous year.
+      Third party turnover declined to 15.9 billion from 18.5
+  billion in 1985 while orders slipped to 15.5 billion marks from
+  16.9 billion, it said in a preliminary statement.
+      Despite these figures, which reflected the dollar's
+  weakness against the mark and oil and raw materials price
+  falls, it said 1986 was a satisfactory year.
+      The reason was the continued expansion of the machinery and
+  plant sector, which accounted for 42 pct of total sales.
+      Krupp added that some areas of the mechanical engineering
+  business achieved notable growth rates and acquisitions had
+  underpinned machinery and component activities.
+      An orders decline in the steel and, in particular, the
+  trading and services sectors, affected the group's total order
+  figures.
+      However, "all business sectors contributed to the positive
+  results achieved in 1986," Krupp added, without giving details.
+      Domestic orders decreased by five pct to 9.6 billion marks
+  from the previous year and foreign orders fell 14 pct to 5.9
+  billion, it said. Foreign business accounted for 38 pct of
+  orders against 40 pct in 1985.
+      Orders received by the machinery and plant sector, 11
+  member companies which comprise the core area of the group,
+  rose by four mln marks last year to 6.9 billion, Krupp said.
+      The group's orders in hand amounted to 9.1 billion marks at
+  end-December 1986 from 10.3 billion at the start of the year.
+      Orders received by the steel sector last year decreased by
+  three pct to 6.2 billion marks from 1985, it said.
+      The steel market weakened increasingly over the year,
+  mainly because of exchange rate movements, the deterioration in
+  foreign trade and a downturn in a number of customer
+  industries.
+      The difficult market for sections and flats of quality
+  steel depressed order tonnages by around seven pct, Krupp said.
+  But special steel boosted by strong demand for stainless
+  cold-rolled flats, grew by five pct in tonnage terms.
+  
+
diff --git a/reuters/training/9763 b/reuters/training/9763
new file mode 100644
index 0000000000000000000000000000000000000000..cf6b3aa803b7c4db44902c892babdc9be2129146
--- /dev/null
+++ b/reuters/training/9763
@@ -0,0 +1,36 @@
+NO PESSIMISM FOR GERMAN EXPORTERS, MINISTRY
+  Firms need not be pessimistic about export
+  prospects even though foreign markets have become more
+  difficult because of the mark's strength the Economics Ministry
+  said.
+       The ministry's parliamentary state secretary Ludolf Georg
+  von Wartenberg, told a business conference German exports could
+  start rising again in real terms during 1987, reversing the
+  lower export trend which emerged in mid-1986.
+      But even if the turnaround did not occur, there would be no
+  need to worry about the economy as long as the weakness of
+  exports did not affect currently good domestic demand.
+      Von Wartenberg said consumer demand remained quite good but
+  noted there had been a cooling in the investment climate. "This
+  is certainly a reason for heightened watchfulness but not for
+  stimulative steps," he said.
+      The best way for Bonn to help its exporters is to work
+  actively to promote free world trade, he added.
+      Von Wartenberg said the economy still had good export
+  opportunities. Price alone was not the only factor in
+  international competitiveness, he said, adding German firms
+  have a reputation for high quality standards, prompt delivery
+  times and good service.
+      Von Wartenberg said the government was in a difficult
+  position on its trade figures.  It faced international pressure
+  to reduce its trade surplus, but West Germans were worried
+  about the effect of the mark's strength on the country's
+  exporters.
+      Reports about the trade surplus, especially overseas,
+  tended to concentrate on nominal trade figures, which rose to a
+  record 112.2 billion marks in 1986, he said. But this rise was
+  due entirely to the lower value of imports caused by the
+  decline of both the dollar and oil prices. German exports have
+  in fact been falling in real terms for sometime, he said.
+  
+
diff --git a/reuters/training/9764 b/reuters/training/9764
new file mode 100644
index 0000000000000000000000000000000000000000..5082ee7e23f6c0b845ef41f02905d9c34282b2cf
--- /dev/null
+++ b/reuters/training/9764
@@ -0,0 +1,77 @@
+MONETARY AUTHORITIES SAID TO LOSE CREDIBILITY
+  The monetary authorities of the major
+  industrialised countries lost their credibility this week as
+  the dollar was sold off despite pleas from ministers and
+  widespread central bank intervention, dealers said.
+      The dollar's fall below 150 yen, which follows last month's
+  Paris currency stabilisation agreement by the U.S., Japan, West
+  Germany, Britain, France and Canada, is a dramatic reversal of
+  the success of the Group of Five (G-5) 1985 New York Plaza
+  meeting to weaken the dollar, they said.
+      The G-5 and the market agreed in 1985 that the dollar was
+  overvalued but this time the market and the authorities are on
+  different sides, dealers said.
+      Apparent confusion in the ranks of the G-5 nations has
+  encouraged the market to challenge the authorities despite
+  concerted intervention by the central banks of the United
+  States, Japan, Britain and West Germany, they said.
+      Pleas by Japanese Finance Minister Kiichi Miyazawa for
+  action to stabilise the dollar were matched over the weekend by
+  comments by U.S. Treasury Secretary James Baker that there was
+  no target zone for the dollar. The dollar was sold anyway.
+      Yesterday's comment by Baker that he stood by the Paris
+  accord did nothing to reverse sentiment, dealers said.
+      The intervention, backed by remarks by Fed Chairman Paul
+  Volcker and Japanese central bank governor Satoshi Sumita,
+  which a few months ago would have brought the dollar fall to a
+  halt, has done little but slow the rate of its decline, they
+  noted.
+      The situation has again raised the question of whether
+  intervention can succeed against the trend in today's huge
+  currency markets. Dealers said the market's cool response to
+  intervention reflected a basic oversupply of dollars.
+      "This means that the current dollar selling is not of a
+  sheer speculative nature but backed by real demand," said Koichi
+  Miyazaki, deputy general manager at Sanwa Bank.
+      Dealers said the dollar will remain weak despite the
+  intervention and it is only a matter of time before some
+  operators try to push it below 148 yen. The dollar closed in
+  Tokyo today at 149.40 against New York's 149.30/40. Its record
+  low was 148.40 in Tokyo last Tuesday.
+      Dealers said the dollar will gain only temporary support to
+  rise above 150 yen toward early April when the Group of Seven
+  industrial nations meets to discuss currencies again.
+      The market expects the seven nations (the Paris six plus
+  Italy) to try to agree on another way to stabilise currencies
+  apart from intervention, a chief dealer at a U.S. Bank said.
+      Dealers said they were unsure what other methods could be
+  used and they are sceptical anyway about how long the Paris
+  accord nations, particulary the U.S., Will remain willing to
+  prevent a further dollar fall given the continuing high U.S.
+  Trade deficit, especially with Japan.
+      Further pressure from a protectionist U.S. Congress for a
+  lower dollar is also limiting Washington's options, they said.
+      The market now thinks the central bank action is to slow
+  the dollar fall, not to push it back over 150 yen, said
+  Tadahiko Nashimoto, manager at Long Term Credit Bank of Japan.
+      Another bearish factor for the dollar is expected large
+  forward dollar sales from April to June for export bills
+  falling due for Japanese exporters from April to September.
+      The exporters had delayed in expectation of a further yen
+  depreciation, dealers said.
+      Yesterday's request to 30 trading houses by the Ministry of
+  International Trade and Industry to restrict dollar sales looks
+  ineffective in light of this real demand, they said.
+      The market is also anticipating active institutional dollar
+  sales to hedge currency risks on bond holdings from the new
+  business year starting April 1, dealers said.
+      "The market seems to have established a new dollar trading
+  range between 147 and 149 yen," one dealer said.
+      The dollar traded between 151 and 153 yen after the Paris
+  accord on February 22 and 150 yen was then considered the low
+  end for the dollar against the yen, he said.
+      Some dealers now believe that if the dollar falls below 148
+  yen, it will pick up renewed downward momentum and slide to
+  145.
+  
+
diff --git a/reuters/training/9767 b/reuters/training/9767
new file mode 100644
index 0000000000000000000000000000000000000000..8c9c6a0db949671620927e47e8881109c93ad3ad
--- /dev/null
+++ b/reuters/training/9767
@@ -0,0 +1,5 @@
+UK FEB TRADE DEFICIT 224 MLN STG VS DEFICIT 527 MLN IN JAN - OFFICIAL.
+
+  UK FEB TRADE DEFICIT 224 MLN STG VS DEFICIT 527 MLN IN JAN - OFFICIAL.
+  
+
diff --git a/reuters/training/9768 b/reuters/training/9768
new file mode 100644
index 0000000000000000000000000000000000000000..378f013b84db16a49ffe970c68c7a287206d40c8
--- /dev/null
+++ b/reuters/training/9768
@@ -0,0 +1,5 @@
+U.K. FEB CUURENT ACCOUNT SURPLUS 376 MLN STG VS JAN SURPLUS 73 MLN - OFFICIAL.
+
+  U.K. FEB CUURENT ACCOUNT SURPLUS 376 MLN STG VS JAN SURPLUS 73 MLN - OFFICIAL.
+  
+
diff --git a/reuters/training/9769 b/reuters/training/9769
new file mode 100644
index 0000000000000000000000000000000000000000..fa54b21dc3743f5d22daec940dd34f0e2436912f
--- /dev/null
+++ b/reuters/training/9769
@@ -0,0 +1,34 @@
+MALAYSIAN CENTRAL BANK SEES HIGHER 1987 GROWTH
+  Gross domestic product (GDP)
+  growth in 1987 is expected to grow by between 1.5 and two pct,
+  up from one pct in 1986, the central bank said.
+      The forecast compares with the one pct GDP growth forecast
+  made by the Treasury last October.
+      Bank Negara also said in its annual report that gross
+  national product (GNP) is expected to grow by 3.5 to four pct,
+  after declining 7.3 pct in 1986.
+      It said that a turnaround in investor confidence since last
+  November had been spurred by a moderate improvement in oil and
+  commodity prices and a rise in manufacturing exports.
+      Growth in 1987 is expected to come from the anticipated
+  rise in export earnings if the industrialised countries sustain
+  their average GNP growth at 2.5 to three pct, it added.
+      Bank Negara said its forecast assumes that crude oil will
+  average 15.50 dlrs a barrel, rubber at 210 cents a kilo, palm
+  oil at 850 ringgit a tonne, tin at 17 ringgit a kilo and a rise
+  of 12 pct in manufacturing exports.
+      It said Malaysia's international terms of trade will turn
+  around to rise by two pct in 1987 after declining 12 pct in
+  1986 and five pct in 1985.
+      "In 1987, income will be higher, private consumer spending
+  is likely to recover and expand... The budget will remain under
+  strict control... The resource gap in the government's finances
+  on current account will be bridged over the near term," Bank
+  Governor Jaafar Hussein said in the report.
+      The current account deficit is expected to narrow to 1.19
+  billion ringgit in 1986 or 1.8 pct of GNP from 1.79 billion or
+  2.5 pct of the GNP the previous year.
+      The bank forecasts the inflation rate will increase by 1.5
+  pct, after its 0.7 pct rise in 1986.
+  
+
diff --git a/reuters/training/977 b/reuters/training/977
new file mode 100644
index 0000000000000000000000000000000000000000..1cad03dda3239fcbb5e86ecdbfcd7215eb25d816
--- /dev/null
+++ b/reuters/training/977
@@ -0,0 +1,34 @@
+COFFEE PRICE FALL SHORT TERM - DUTCH ROASTERS
+  This morning's sharp decline in coffee
+  prices, following the breakdown late last night of negotiations
+  in London to reintroduce International Coffee Organization,
+  ICO, quotas, will be short-lived, Dutch roasters said.
+      "The fall is a technical and emotional reaction to the
+  failure to agree on reintroduction of ICO export quotas, but it
+  will not be long before reality reasserts itself and prices
+  rise again," a spokesman for one of the major Dutch roasters
+  said.
+      "The fact is that while there are ample supplies of coffee
+  available at present, there is a shortage of quality," he said.
+      "Average prices fell to around 110 cents a lb following the
+  news of the breakdown but we expect them to move back again to
+  around 120 cents within a few weeks," the roaster added.
+      Dutch Coffee Roasters' Association secretary Jan de Vries
+  said although the roasters were disappointed at the failure of
+  consumer and producer ICO representatives to agree on quota
+  reintroduction, it was equally important that quotas be
+  reallocated on a more equitable basis.
+      "There is no absolute need for quotas at this moment because
+  the market is well balanced and we must not lose this
+  opportunity to renegotiate the coffee agreement," he said.
+      "There is still a lot of work to be done on a number of
+  clauses of the International Coffee Agreement and we would not
+  welcome quota reintroduction until we have a complete
+  renegotiation," de Vries added.
+      With this in mind, and with Dutch roasters claiming to have
+  fairly good forward cover, the buying strategy for the
+  foreseeable future would probably be to buy coffee on a
+  hand-to-mouth basis and on a sliding scale when market prices
+  were below 120 cents a lb, roasters said.
+  
+
diff --git a/reuters/training/9770 b/reuters/training/9770
new file mode 100644
index 0000000000000000000000000000000000000000..0280b6f91c5e347fc40f49cc0309b6873a6d28bb
--- /dev/null
+++ b/reuters/training/9770
@@ -0,0 +1,34 @@
+U.K. VISIBLE TRADE DEFICIT NARROWS IN FEBRUARY
+  Britain's visible trade deficit narrowed
+  to a seasonally adjusted provisional 224 mln stg in February
+  from 527 mln in January, The Trade and Industry Department
+  said.
+      The current account balance of payments in February showed
+  a seasonally adjusted provisional surplus of 376 mln stg
+  compared with a surplus of 73 mln in January.
+      Invisibles in February were put provisionally at a 600 mln
+  surplus, the same as in January.
+      Seasonally adjusted, imports rose in February to 7.16
+  billion stg from 6.73 billion in January. Exports rose to a
+  record 6.93 billion last month from 6.20 billion in January.
+      Trade Department officials said the improvement in
+  Britain's current account contrasted with most private
+  forecasts and they attributed much of the strength to imports
+  rising less quickly in February than might otherwise have been
+  expected.
+      The Department said exceptionally cold weather in January
+  reduced exports that month and that there had been an element
+  of catching up in the February figures.
+      The seasonally adjusted volume index, base 1980, a guide to
+  underlying non-oil trade, showed exports rising to 131.0 from
+  114.6 in January and imports rising to 142.2 from 136.5.
+      The value of British oil exports in February rose to 751
+  mln stg from 723 mln in Jnauary while oil imports rose to 425
+  mln from 352 mln.
+      The Department said the upward trend in non-oil export
+  volume continues and the underlying level of non-oil import
+  volume seems to have stablised.
+      The Departnment said exports to the U.S. May be benefiting
+  from fluctuations in the mark and yen exchange rates.
+  
+
diff --git a/reuters/training/9771 b/reuters/training/9771
new file mode 100644
index 0000000000000000000000000000000000000000..35e55c3b265c31f9efaa8e7436f27296202e9fa1
--- /dev/null
+++ b/reuters/training/9771
@@ -0,0 +1,22 @@
+LUCAS SEES CONTINUED GROWTH IN SECOND HALF
+  Lucas Industries Plc <LUCS.L> said its
+  underlying performance would continue to improve in the second
+  half but profits would be restrained by low activity in U.K.
+  Commercial vehicle and tractor markets as well as in North
+  American electronics.
+      The company earlier reported a two mln stg rise in pretax
+  profit to 40 mln in the six months to end-January. The figure
+  was some five mln below forecasts and Lucas shares dropped
+  sharply to 557.5p at 1130 GMT from last night's close of 590p.
+      It said it would continue with plans for all its activities
+  to be internationally competitive and profitable.
+      Costs of restructuring, reorganisation, employee training
+  and retraining, particularly in the UK automotive businesses,
+  together with high research and development spending would
+  affect profits in the short term.
+      But Lucas said it was exploiting growth opportunities in
+  automotive markets, especially in vehicle breaking and engine
+  management systems. Recent acquisitions in North America had
+  strengthened Lucas Aerospace and Lucas Industrial systems.
+  
+
diff --git a/reuters/training/9772 b/reuters/training/9772
new file mode 100644
index 0000000000000000000000000000000000000000..c0ae7e4776764fe3db61dd00f230d5e9951404de
--- /dev/null
+++ b/reuters/training/9772
@@ -0,0 +1,5 @@
+IWC ups Soviet grain 1986/87 import estimate three mln tonnes to 29 mln - official
+
+  IWC ups Soviet grain 1986/87 import estimate three mln tonnes to 29 mln - official
+  
+
diff --git a/reuters/training/9773 b/reuters/training/9773
new file mode 100644
index 0000000000000000000000000000000000000000..0f2355d3c8cf4f502fb4a32f06a40584b7a11feb
--- /dev/null
+++ b/reuters/training/9773
@@ -0,0 +1,5 @@
+IWC lifts 1986/87 world wheat, coarse grain estimate one mln tonnes to record 1,377 mln
+
+  IWC lifts 1986/87 world wheat, coarse grain estimate one mln tonnes to record 1,377 mln
+  
+
diff --git a/reuters/training/9777 b/reuters/training/9777
new file mode 100644
index 0000000000000000000000000000000000000000..79edc3854b7792e16a7dc421ef7ee12875ac4281
--- /dev/null
+++ b/reuters/training/9777
@@ -0,0 +1,14 @@
+TRADE SURPLUS CUT WOULD BENEFIT JAPAN - SUMITA
+  Bank of Japan Governor Satoshi Sumita
+  said it is in Japan's national interest to make greater efforts
+  to reduce its trade surplus.
+      He told business executives the most important issues for
+  the world economy are the correction of international trade
+  imbalances and a solution to the world debt problem.
+      To this end, Japan and the U.S. Must make medium- and
+  long-term efforts to alter economic structures which have
+  expanded the trade gap between the two nations. World economic
+  growth and therefore an expansion of debtor countries' export
+  markets are needed to solve the debt issue, he added.
+  
+
diff --git a/reuters/training/9779 b/reuters/training/9779
new file mode 100644
index 0000000000000000000000000000000000000000..b5abee1c61b185dc121ff6a8d0c2495277cbb3fc
--- /dev/null
+++ b/reuters/training/9779
@@ -0,0 +1,19 @@
+COMMISSION APPROVES RAINBOW/PROGRESSIVE MERGER
+  The Commerce Commission has approved
+  a proposed merger between <Progressive Enterprises Ltd> and
+  <Rainbow Corp Ltd>, Rainbow said in a statement.
+      The merger involves the formation of a new company <Astral
+  Pacific Corp Ltd> which will acquire all shares in both
+  companies on a one-for-one share exchange basis.
+      Rainbow earlier this week lifted its stake in Progressive
+  to 52 pct from 44 pct. The statement said a new private
+  company, <Transcapital Corp Ltd>, fully owned by Rainbow
+  directors Craig Heatley, Gary Lane and Ken Wikeley, will
+  purchase this stake for an undisclosed cash sum.
+      The Commission has also approved Transcapital acquiring up
+  to 45 pct of Astral Pacific, Rainbow said.
+      <Brierley Investments Ltd>, which has been a frequent
+  critic of the merger, launched a full bid for Progressive at
+  4.20 N.Z. Dlrs a share last Monday.
+  
+
diff --git a/reuters/training/978 b/reuters/training/978
new file mode 100644
index 0000000000000000000000000000000000000000..300a8180eba986e7e6aefb06d160b3f83db4a48b
--- /dev/null
+++ b/reuters/training/978
@@ -0,0 +1,13 @@
+GREENWOOD RESOURCES <GRRL> SELLS COMPANY STAKE
+  Greenwood Resources Inc said it has sold
+  its 4,300,000 common share majority holding in <New London Oil
+  Ltd> of London to an affiliate of <Guinness Peat Group PLC> of
+  London and an affiliate of <Sidro SA> of Belgium for a total of
+  1,700,0000 dlrs in cash.
+      The company said it will apply the proceeds of the sale to
+  support its line of credit and as part of a proposed debt
+  restructuring with Colorado National Bancshares <COLC> and
+  Greenwood shareholders.
+      It said it will retain a seat on the New London board.
+  
+
diff --git a/reuters/training/9781 b/reuters/training/9781
new file mode 100644
index 0000000000000000000000000000000000000000..30a7e2e4b1f29023a63718d7bf76a47a453f5f83
--- /dev/null
+++ b/reuters/training/9781
@@ -0,0 +1,6 @@
+U.K. MONEY MARKET FORECAST REVISED TO DEFICIT
+  The Bank of England said it revised its
+  estimate of today's money market shortfall to around 350 mln
+  stg from a flat position.
+  
+
diff --git a/reuters/training/9782 b/reuters/training/9782
new file mode 100644
index 0000000000000000000000000000000000000000..a32d8c665ebfd16329daacf5e03fad362ef07720
--- /dev/null
+++ b/reuters/training/9782
@@ -0,0 +1,46 @@
+IWC LIFTS WORLD GRAIN OUTPUT ESTIMATE TO RECORD
+  The International Wheat Council (IWC)
+  lifted its estimate for 1986/87 world wheat and coarse grain
+  production by one mln tonnes to a record 1,377 mln, compared
+  with 1,351 mln tonnes the previous season.
+      In its monthly market report, the IWC said it is leaving
+  unchanged its forecast of world wheat production for the coming
+  1987/88 season at between 520 and 530 mln tonnes against a
+  record 534 mln in 1986/87. The one mln tonne upward revision in
+  1986/87 wheat production reflects several minor adjustments.
+  The IWC raised the 1986/87 coarse grain trade figure two mln to
+  87 mln tonnes. It left wheat trade unchanged at 86 mln.
+      The IWC 1986/87 estimate for world trade in wheat and
+  coarse grain is thus estimated two mln tonnes higher at 173 mln
+  against 169 mln the previous season with the forecast three mln
+  rise in Soviet imports offset by small reductions elsewhere.
+      The IWC said the area harvested for wheat in 1987/88 is
+  likely to be down from last year as low world prices and
+  restrictive national policies measures begin to take effect.
+      At least four of the five major exporters expect to see a
+  drop in wheat sowings without offset in other countries. There
+  is still potential for even higher average wheat yields but the
+  IWC said there are increasing signs world output may level off.
+      Although it is still early to assess the coarse grain
+  outlook, the IWC said barley acreage is likely to fall in the
+  European Community but increase in Canada. U.S. Maize area is
+  expected lower but oat sowings could rise.
+      After damage to its maize crop last year, the Soviet Union
+  plans to expand this area by as much as 50 pct to over six mln
+  hectares in a year when many frost damaged wheat fields are
+  likely to be resown to this and other spring crops. Improved
+  weather and a further increase in the use of intensive
+  cultivation methods could therefore see a marked rise in Soviet
+  maize output in 1987, the IWC said.
+      Any reduction in world coarse grain output would be
+  bolstered by the large carryover stocks from 1986/87, the IWC
+  said.
+      It left its estimates of wheat and coarse grain stocks at
+  endof different marketing years unchanged at 178 and 210 mln
+  tonnes, respectively, against 160 and 167 mln a year earlier.
+      After record world durum wheat production of 218.8 mln
+  tonnes last season, the IWC said there are already signs of
+  another large crop this coming season with higher output
+  expected in the EC, Canada, the U.S. And North Africa.
+  
+
diff --git a/reuters/training/9783 b/reuters/training/9783
new file mode 100644
index 0000000000000000000000000000000000000000..2bf3fcd7ff20f98c6f272f2a4c32f9411b378313
--- /dev/null
+++ b/reuters/training/9783
@@ -0,0 +1,13 @@
+BANK OF JAPAN BUYS SMALL QUANTITY DOLLARS -DEALERS
+  The Bank of Japan was thought to have
+  bought a small amount of dollars at around 149.30/40 yen,
+  dealers said.
+      The dollar fluctuated marginally after the small-scale
+  intervention, believed to total several tens of mlns of dlrs,
+  they said. Large-scale buying by foreign banks or by a life
+  insurance company earlier pushed the dollar upwards, they said.
+      Trading was not very active and dealers were watching for
+  further central bank intervention to smooth out any sharp
+  movements, but underlying dollar sentiment is still bearish.
+  
+
diff --git a/reuters/training/9784 b/reuters/training/9784
new file mode 100644
index 0000000000000000000000000000000000000000..f9ca66cf3947a02cf53ea95b30b959d027baf888
--- /dev/null
+++ b/reuters/training/9784
@@ -0,0 +1,63 @@
+U.K. TRADE FIGURES BUOY HOPES OF INTEREST RATE CUT
+  The release of U.K. February trade data
+  showing that the current account surplus was a provisional 376
+  mln stg, up from a 73 mln surplus in January, has boosted hopes
+  of an early cut in interest rates, analysts said.
+      Market forecasts had been for a worse outcome, with
+  expectations of a deficit in visible trade averaging about 750
+  mln stg, against the official figure of 224 mln stg, sharply
+  narrower than January's 527 mln deficit.
+      "The figures are unreservedly good," Chase Manhattan
+  Securities economist Andrew Wroblewski said.
+      Sterling rebounded on the trade figures, reversing a weaker
+  morning trend, to stand at 72.1 pct of its trade weighted index
+  against a basket of currencies at midday, unchanged from
+  yesterday's close but 0.3 points above the 1100 GMT level.
+      The market had feared that a deteriorating non-oil trade
+  pattern would undermine international support for sterling,
+  which has been the motor behind the recent fall in U.K.
+  Interest rates. Money market sources said the market had begun
+  to doubt that a widely expected drop in bank base lending rates
+  to 9.5 pct from the present 10.0 pct was really on the cards.
+      But sentiment now looks to have turned about again.
+      There now looks to be no danger that the Chancellor of the
+  Exchequer Nigel Lawson's forecast of a 1987 current account
+  deficit of 2.5 billion stg will be exceeded, Wroblewski said.
+      Seasonally adjusted figures showed imports rose in February
+  to 7.16 billion stg from 6.73 billion in January.
+      Exports rose to a record 6.93 billion from 6.20 billion.
+      However, Chris Tinker, U.K. Analyst at brokers Phillips and
+  Drew said the faster rise in exports than imports would prove
+  partly aberrational in coming months. He forecast the
+  Chancellor's Budget tax cuts would increase consumer
+  expenditure on imported goods.
+      However, Warburg Securities economist Ian Harwood said his
+  firm was sharply revising its 1987 current account deficit
+  forecast in the light of the latest data, cutting one billion
+  stg off the expected full year total to about 1.75 billion stg.
+      He said news of strong growth in exports of non-oil goods
+  confirmed recent bullish surveys among members of the
+  Confederation of British Industry.
+      The growth in imports appears to be flattening, even if
+  January's bad weather had curbed consumer spending on overseas
+  goods and import-intensive stock building among manufacturers,
+  Harwood said.
+      U.K. Government bonds, or gilts, surged by more than 1/2
+  point on the better-than-expected news, as earlier worries
+  about the figures evaporated.
+      Sterling peaked at a high of 1.6075 dlrs, before settling
+  to a steady 1.6050 about 1300 GMT, nearly a cent higher than
+  the European low of 1.5960.
+      However, analysts noted that the turnabout in market
+  sentiment still looks highly vulnerable to political news.
+      Morning weakness in sterling and the gilt market was
+  largely attributed to a newspaper opinion poll showing that the
+  Conservative government's support was slipping.
+      LONDON, March 26 - The Bank of England said it provided 15
+  mln stg in assistance to the money market this morning, buying
+  bank bills in band two at 9-13/16 pct.
+      Earlier the Bank revised its money market liquidity
+  forecast from a flat position to a deficit of around 350 mln
+  stg.
+  
+
diff --git a/reuters/training/9787 b/reuters/training/9787
new file mode 100644
index 0000000000000000000000000000000000000000..33353df057630f0b66ab502b4881d08fe0a12e1f
--- /dev/null
+++ b/reuters/training/9787
@@ -0,0 +1,9 @@
+GERMAN NET CURRENCY RESERVES RISE
+  West German net currency reserves
+  rose by 300 mln marks in the third week of March to 82.0
+  billion, following a fall of 5.4 billion marks in the previous
+  week, the Bundesbank said.
+      Non-currency reserves were unchanged at about 2.5 billion
+  marks, bringing net monetary reserves to 84.5 billion.
+  
+
diff --git a/reuters/training/9792 b/reuters/training/9792
new file mode 100644
index 0000000000000000000000000000000000000000..6b7650341661c93046bbaf94897a97a1d7473b2a
--- /dev/null
+++ b/reuters/training/9792
@@ -0,0 +1,20 @@
+CURRENCY EXCHANGE LOSS PUSHES MALAYSIA'S DEBT UP
+  An exchange loss of 7.6 billion
+  ringgit in 1986 pushed Malaysia's outstanding external debt up
+  to 50.99 billion ringgit, from 1985's 42.3 billion, the Central
+  Bank said in its annual report.
+      Bank Negara said although Malaysia's net borrowing dropped
+  in 1986, its external debt rose due to the 30 pct appreciation
+  of the basket of currencies against which the ringgit is
+  pegged.
+      The basket comprises principally the U.S. Dollar, yen,
+  mark, Swiss franc, French franc, sterling, guilder, Canadian
+  and Singapore dollars, it added.
+      Bank Negara said growth in external debt, which declined
+  progressively from a peak of 58 pct in 1982 to 13.6 pct in
+  1985, rose by 20.2 pct in 1986.
+      Malaysia's debt serving ratio of 17.6 pct of its exports in
+  1986 is within the prudency limit of 20 pct, Bank Negara
+  Governor Jaafar Hussein told reporters.
+  
+
diff --git a/reuters/training/9793 b/reuters/training/9793
new file mode 100644
index 0000000000000000000000000000000000000000..ee3b0ec9eb4eb20311384e61292cbb6e4f803f23
--- /dev/null
+++ b/reuters/training/9793
@@ -0,0 +1,58 @@
+IWC SAYS EFFECT OF LOWER SUPPORT PRICES LIMITED
+  Efforts by governments to control wheat
+  surpluses by cutting support prices have met with only partial
+  success, the International Wheat Council (IWC) says in its
+  latest monthly report.
+      Faster results could be achieved by a policy of reducing
+  both price and areas, as employed in the United States, the IWC
+  says in a survey of support prices in the five main wheat
+  exporters - Argentina, Australia, Canada, the EC and the U.S.
+      In some countries, for example Australia and Argentina,
+  which are highly dependent on wheat shipments for export
+  income, there may be problems in reducing production.
+      A policy of cutting wheat production could lead to
+  unemployment, with job prospects outside agriculture limited.
+  Alternative crops may offer inferior returns which could then
+  lead to lost export revenue and balance of payments problems.
+      The IWC outlines three courses of action open to
+  governments in wheat exporting countries.
+      They could continue to support prices in the hope that when
+  the world economy improves demand for wheat will rise and
+  surpluses wil be reduced or eliminated.
+      Alternatively, support could be limited to wheat which
+  could be easily sold, without needing to be stored for a long
+  period.
+      This option may prove to be the most politically
+  unattractive and would result in many producers abandoning
+  wheat production, the report said.
+      The third option would be for governments to distinguish
+  between the commercial and social aspects of agriculture,
+  possibly varying support prices according to farm size or
+  overall production.
+      The IWC review covers support prices in the major exporting
+  countries since 1982. At some time during that period all the
+  producers cut support prices in response to growing surpluses.
+      These changes did not always result in lower export
+  subsidies as on several occasions currency fluctuations more
+  than offset lower prices in the domestic currency.
+      For example between 1985/86 and 1986/87 the EC intervention
+  price for bread wheat fell from 209.30 to 179.44 European
+  currency units (Ecus). It dollar terms, the currency in which
+  most export transactions are denominated, the intervention
+  price however rose to 193 dlrs from 168. The high cost of
+  supporting farm prices has put a strain on national exchequers
+  and some governments are now searching for ways to cut
+  expenditure, the report says.
+      The proportion of world wheat output produced by the five
+  major exporters declined in the period covered by the survey
+  from 40 pct in 1982 to 35 pct in 1987. This was partly due to
+  increased production in China and India.
+      The period saw an upward trend in yields, although this was
+  countered in the Argentina, the U.S. And Australia by lower
+  acreages.
+      In Argentina a reduction in the sown area of about 20 per
+  cent was put down to low prices causing producers to switch to
+  other enterprises, particularly livestock while lower U.S.
+  Acreages are attributed to official incentives.
+  
+
diff --git a/reuters/training/9795 b/reuters/training/9795
new file mode 100644
index 0000000000000000000000000000000000000000..4fb6181cf2ed3f097e71a037a9da393fb3547302
--- /dev/null
+++ b/reuters/training/9795
@@ -0,0 +1,36 @@
+U.S. TREASURY'S BAKER OPPOSES TAX INCREASE
+  U.S. Treasury Secretary James Baker
+  said that he opposes a Federal tax increase to help reduce the
+  budget deficit and favors spending cuts instead.
+      "I don't think it's (a tax increase) is a very good idea
+  and I'm quite confident that President Reagan doesn't think
+  it's a very good idea," Baker said in an interview on Cable
+  News Network's "Moneyline" television program.
+      He said U.S. taxpayers are taxed at a rate of 19 pct of GNP
+  which is traditionally where it has been, but the Federal
+  Government is spending at a rate of 24 pct of GNP. Baker said
+  spending cuts are clearly the best way to cut budget deficits.
+      Baker said he opposed a stock transactions tax proposed by
+  House Speaker Jim Wright, D-Tex, or other special taxes.
+      "The stock transfer tax would be a particularly unfortunate
+  approach to take," the Treasury Secretary said. He said the
+  United States has some of the most efficient capital markets in
+  the world and new taxes would impair efficiency.
+      On the international front, Baker said banks must do more
+  lending to developing countries. He was questioned about this
+  after the Standard and Poor's Corp downgrading today of the
+  debt of six major money center bank holding companies, largely
+  because of their heavy developing nation loan exposure.
+      Baker said that developing countries must adopt free market
+  economic policies such as in the United States. He said capital
+  flows will be required to support the needed reforms in the
+  economic systems of those countries.
+      The money must come either through equity or debt and Baker
+  said that developing nations' "investment regimes do not
+  support enough equity investment, so you've got to have some
+  debt there."
+      Commenting on the U.S. trade deficit, Baker said "I think
+  you're going to see a 15 to 20 billion dlr reduction this
+  year."
+  
+
diff --git a/reuters/training/9797 b/reuters/training/9797
new file mode 100644
index 0000000000000000000000000000000000000000..66df6e7e75022731cc77028196e149423438fae8
--- /dev/null
+++ b/reuters/training/9797
@@ -0,0 +1,32 @@
+TREASURY'S BAKER SAYS HE STANDS BY PARIS PACT
+  Treasury Secretary James Baker said
+  he stood by the Paris agreement among leading industrial
+  nations to foster exchange rate stability around current
+  levels.
+      "I would refer you to the Paris agreement which was a
+  recognition the currencies were within ranges broadly
+  consistent with economic fundamentals," Baker told The Cable
+  News Network in an interview.
+      "We were quite satisfied with the agreement in Paris
+  otherwise we would not have been a party too it," he said.
+      Baker also noted the nations agreed in the accord to
+  "co-operate to foster greater exchange rate stability around
+  those levels."
+      He refused to comment directly on the current yen/dollar
+  rate but said flatly that foreign exchange markets recently
+  tended "to draw unwarranted inferences from what I say."
+      Baker was quoted on British Television over the weekend as
+  saying he has no target for the U.S. currency, a statement that
+  triggered this week's renewed decline of the dollar.
+      "I think the Paris agreement represents evidence that
+  international economic policy co-ordination is alive and well,"
+  Baker said.
+      The Treasury Secretary stressed however it was very
+  important for the main surplus countries to grow as fast as
+  they could consistent with low inflation to resolve trade
+  imbalances.
+      He added that Federal Reserve Board chairman Paul Volcker
+  has also "been very outspoken" in suggesting main trading
+  partners grow as fast as they can.
+  
+
diff --git a/reuters/training/9799 b/reuters/training/9799
new file mode 100644
index 0000000000000000000000000000000000000000..f3493c177af52d06e990c526c32c34500a7fcfdf
--- /dev/null
+++ b/reuters/training/9799
@@ -0,0 +1,25 @@
+GERMAN ANALYSTS SEE GOLD RISING IN 2ND HALF 1987
+  The price of gold bullion is likely
+  to rise in the second half of the year on increased private
+  investor demand, West German analysts said.
+      Gold could rise as high as 500 dlrs per ounce later this
+  year, said Peter Witte, director of Westdeutsche Landesbank
+  Girozentrale's trading division, after a presentation by the
+  U.S. Mint to promote its gold and silver Eagle series coins.
+      "A lot will depend on oil prices and developments on stock
+  exchanges," Witte said, adding he saw gold positioned for
+  further rises once it breaks out above 450 dlrs.
+      Gold was fixed this morning in London at 411.30 dlrs.
+      Despite current strong interest in gold mine stocks, many
+  investors still want to buy physical gold, Witte said.
+      Interest in gold mine stocks may also wane if stock
+  exchange rallies under way in many countries start to waver.
+      Hermann Strohmeyer, vice president of Commerzbank AG's
+  foreign exchange trading and treasury department, said gold is
+  poised to rise to 460 to 470 dlrs an ounce in the second half
+  of this year.
+      The price is unlikely to fall much below 380 or 390 dlrs an
+  ounce, and probably will continue in a range between 380 and
+  430 dlrs in the first half of this year, he said.
+  
+
diff --git a/reuters/training/98 b/reuters/training/98
new file mode 100644
index 0000000000000000000000000000000000000000..ea4e5ff1fb2e6b332c710b9c6bcb4556f69e05b0
--- /dev/null
+++ b/reuters/training/98
@@ -0,0 +1,11 @@
+CORADIAN CORP <CDIN> 4TH QTR NET
+  Shr profit three cts vs loss three cts
+      Net profit 363,000 vs loss 197,000
+      Revs 3,761,000 vs 2,666,000
+      Year
+      Shr profit one cent vs loss 37 cts
+      Net profit 129,000 vs loss 1,715,000
+      Revs 11.4 mln vs 10.9 mln
+      Avg shrs 10,694,081 vs 4,673,253
+  
+
diff --git a/reuters/training/9801 b/reuters/training/9801
new file mode 100644
index 0000000000000000000000000000000000000000..13283ac3ccc29eb85410eb76351ebcfd66ce5646
--- /dev/null
+++ b/reuters/training/9801
@@ -0,0 +1,14 @@
+GULF ESCORTS STILL UNDER DISCUSSION - WEINBERGER
+  No action has been taken yet
+  on the Reagan Adminstration's offer to escort Kuwaiti oil
+  tankers through the Gulf, but the issue is being discussed,
+  U.S. Secretary of Defence Caspar Weinberger said.
+      The offer was made to Kuwait in light of Iran's deployment
+  of Chinese-built missiles to cover the entrance to the Gulf.
+      Weinberger told reporters prior to a speech at Texas
+  Christian University that he did not think Iran and the United
+  States were moving towards a potential conflict, adding that
+  the Straits of Hormuz at the mouth of the Gulf were still "free
+  water."
+  
+
diff --git a/reuters/training/9804 b/reuters/training/9804
new file mode 100644
index 0000000000000000000000000000000000000000..f1d0f27b802a82c75e8772bc096a01e25ae59c5a
--- /dev/null
+++ b/reuters/training/9804
@@ -0,0 +1,24 @@
+FIRST INTERSTATE <I> ESTIMATES LOSS ON BRAZIL
+  First Interstate Bancorp Chairman
+  Joseph Pinola said the bank holding company would lose about 16
+  mln dlrs per year, after taxes, if it had to put its medium and
+  long-term debt on non-accrual status.
+      In an interview, he said that could result in about a 4.5
+  pct decline in annual earnings per share.
+      Pinola said First Interstate, like other banks, has not yet
+  decided to put the loans, which Brazil stopped paying interest
+  on last month, on non-accrual status.
+      "None of us really wants to injure negotiations that might
+  be going on," he said.
+      First Interstate reported to the Securities and Exchange
+  Commission last week that it has about 339 mln dlrs in
+  medium-to long-term loans to Brazil.
+      It said on December 31, 1986 its nonperformind Brazilian
+  outstanding debt totaled about 4.1 mln dlrs.
+      First Interstate also has about 168 mln dlrs in short-term
+  loans or trade lines to Brazil.
+      Pinola said he believes the solution to the Brazilian debt
+  crisis will be more political than economic, which he said he
+  finds, "very disquieting and discomforting."
+  
+
diff --git a/reuters/training/9805 b/reuters/training/9805
new file mode 100644
index 0000000000000000000000000000000000000000..759d4ad28c7f4e0d7b76db17fc8aac3bb90eb0d7
--- /dev/null
+++ b/reuters/training/9805
@@ -0,0 +1,5 @@
+FRENCH UNEMPLOYMENT RISES TO SEASONALLY ADJUSTED 2.65 MLN IN FEBRUARY - OFFICIAL
+
+  FRENCH UNEMPLOYMENT RISES TO SEASONALLY ADJUSTED 2.65 MLN IN FEBRUARY - OFFICIAL
+  
+
diff --git a/reuters/training/9807 b/reuters/training/9807
new file mode 100644
index 0000000000000000000000000000000000000000..b88bbfe9d9b2aae5f0fa1413bf9fa16e1b103470
--- /dev/null
+++ b/reuters/training/9807
@@ -0,0 +1,12 @@
+MICKELBERRY CORP <MBC> 4TH QTR NET
+  Shr profit 61 cts vs loss 45 cts
+      Net profit 3,568,000 vs loss 2,598,000
+      Revs 34.6 mln vs 31.6 mln
+      Avg shrs 5,861,000 vs 5,776,000
+      Year
+      Shr profit 56 cts vs loss 32 cts
+      Net profit 3,374,000 vs loss 1,759,000
+      Revs 132.0 mln vs 131.6 mln
+      NOTE: 1985 quarter net includes 665,000 dlr tax credit.
+  
+
diff --git a/reuters/training/9809 b/reuters/training/9809
new file mode 100644
index 0000000000000000000000000000000000000000..b0a5185ea9ce0f93d283d90d223b582160b74d05
--- /dev/null
+++ b/reuters/training/9809
@@ -0,0 +1,9 @@
+MICKELBERRY <MBC> COMPLETES SALE OF UNIT
+  Mickelberry Corp said it has completed
+  the previously-announced sale of the 51 pct of its C and W
+  Group subsidiary that it had retained to N W Ayer Inc for
+  undisclosed terms.
+      Ayer bought the other 49 pct next year.
+      Mickelberry said it will report a gain on the transaction.
+  
+
diff --git a/reuters/training/981 b/reuters/training/981
new file mode 100644
index 0000000000000000000000000000000000000000..8ed59079d71b0ab492407a4b70d5f66065dcd6e6
--- /dev/null
+++ b/reuters/training/981
@@ -0,0 +1,5 @@
+F.W. WOOLWORTH CO 4TH QTR SHR 1.78 DLRS VS 1.64 DLRS
+
+  F.W. WOOLWORTH CO 4TH QTR SHR 1.78 DLRS VS 1.64 DLRS
+  
+
diff --git a/reuters/training/9810 b/reuters/training/9810
new file mode 100644
index 0000000000000000000000000000000000000000..ff10e58a8f1e1067557bce50e2843d574da0a139
--- /dev/null
+++ b/reuters/training/9810
@@ -0,0 +1,13 @@
+FLUOROCARBON CO <FCBN> 4TH QTR JAN 31 NET
+  Shr 26 cts vs 24 cts
+      Net 1,144,000 vs 1,063,000
+      Sales 23.2 mln vs 24.8 mln
+      Year
+      Shr 93 cts vs 1.40 dlrs
+      Net 4,046,000 vs 6,111,000
+      Sales 97.8 mln vs 104.0 mln
+      NOTE: Prior year net includes gain 286,000 dlrs from
+  discontinued operations in year and loss 375,000 in quarter and
+  gain 260,000 dlrs in year from disposal of discontinued.
+  
+
diff --git a/reuters/training/9812 b/reuters/training/9812
new file mode 100644
index 0000000000000000000000000000000000000000..223170b943c14545322c9f16f80e87c6fe9c12ae
--- /dev/null
+++ b/reuters/training/9812
@@ -0,0 +1,12 @@
+FRENCH FEBRUARY UNEMPLOYMENT HITS RECORD 2.65 MLN
+  French unemployment rose to a record
+  seasonally adjusted 2.65 mln in February from 2.61 mln in
+  January and 2.57 mln at the end of last year, the Labour
+  Ministry said.
+      The rise took the percentage of the workforce out of a job
+  to 11.0 pct last month from 10.9 pct in January and 10.7 pct at
+  the end of 1986.
+      In unadjusted terms unemployment fell by around 30,000 last
+  month to 2.70 mln.
+  
+
diff --git a/reuters/training/9814 b/reuters/training/9814
new file mode 100644
index 0000000000000000000000000000000000000000..4e1492baa628e7919cd5c3b58862270de4a37e9f
--- /dev/null
+++ b/reuters/training/9814
@@ -0,0 +1,9 @@
+PHILIPS ELECTRICAL SELLS STAKE IN UNIDARE
+  <Philips Electrical (Ireland) Ltd> has
+  arranged the sale of the one mln ordinary shares it holds in
+  its subsidiary <Unidare Aluminium Ltd>, Unidare said.
+      The placing has been arranged through <Allied Irish
+  Investment Bank Plc> at an ex-dividend price of 371 Irish pence
+  per share.
+  
+
diff --git a/reuters/training/9815 b/reuters/training/9815
new file mode 100644
index 0000000000000000000000000000000000000000..4905de5a6e36e2219e621582503f9b969850ad73
--- /dev/null
+++ b/reuters/training/9815
@@ -0,0 +1,5 @@
+AMERICAN MEDICAL INTERNATIONAL INC 2ND QTR SHR PROFIT 32 CTS VS LOSS 95 CTS
+
+  AMERICAN MEDICAL INTERNATIONAL INC 2ND QTR SHR PROFIT 32 CTS VS LOSS 95 CTS
+  
+
diff --git a/reuters/training/9816 b/reuters/training/9816
new file mode 100644
index 0000000000000000000000000000000000000000..01e1b9ab22d1929b7eb2d73adc4a152a86ddbd60
--- /dev/null
+++ b/reuters/training/9816
@@ -0,0 +1,13 @@
+BAKER SEES 15 TO 20 BILLION DLR DROP IN TRADE GAP
+  Treasury Secretary James Baker said
+  he expected the U.S. Trade deficit to fall by 15 billion to 20
+  billion dlrs in 1987.
+      Commenting on the deficit during an interview on Cable News
+  Network, Baker said "I think you're going to see a 15 to 20
+  billion dlr reduction this year." The deficit was 170 billion
+  dlrs in 1986.
+      Baker noted that the benefits of a weaker currency take 12
+  to 18 months to affect the trade balance, and said it is now 18
+  months since the Plaza agreement to lower the dollar's value.
+  
+
diff --git a/reuters/training/9818 b/reuters/training/9818
new file mode 100644
index 0000000000000000000000000000000000000000..7c377f5de29840624f50fb89546dcf09ed0e3268
--- /dev/null
+++ b/reuters/training/9818
@@ -0,0 +1,18 @@
+AMERICAN MEDICAL INTERNATIONAL INC <AMI> NET
+  2nd qtr
+      Shr profit 32 cts vs loss 95 cts
+      Net profit 28.0 mln vs loss 82.2 mln
+      Revs 950.2 mln vs 862.0 mln
+      1st half
+      Shr profit 65 cts vs loss 62 cts
+      Net profit 56.6 mln vs loss 53.5 mln
+      Revs 1.88 billion vs 1.67 billion
+      Avg shrs 92.2 mln vs 86.7 mln
+      NOTE: Period ended February 28.
+      Prior year net both periods includes pretax asset
+  writedowns of 114.6 mln dlrs and additions to reserves of 60.0
+  mln dlrs.
+      Prior year net includes tax credits of 53.7 mln dlrs in
+  quarter and 32.9 mln dlrs in half.
+  
+
diff --git a/reuters/training/982 b/reuters/training/982
new file mode 100644
index 0000000000000000000000000000000000000000..4f7f6d58c14660269a99209f0db0b6daedf12975
--- /dev/null
+++ b/reuters/training/982
@@ -0,0 +1,25 @@
+HEINZ INTERESTED IN BUYING GUINNESS BREWING
+  H.J. Heinz <HNZ.N> chairman Tony O'Reilly
+  would be interested in buying Guinness PLC <GUIN.L>'s brewery
+  division if it were for sale, a spokesman said.
+      The spokesman, reacting to Irish and British press reports,
+  said "He continues to be interested were the group to offer the
+  brewery side of Guinness for sale. But he has not put together
+  a consortium, nor has he been buying shares."
+      He was quoted by the Irish magazine Business and Finance as
+  saying he would be interested if it came on the market and that
+  he had the support of two international banks if he decided
+  such a purchase might be worthwhile.
+      In the magazine article, he suggested that if brewing
+  profits were calculated to be in the region of 80 mln punts,
+  the asking price would not be higher than 800 mln punts.
+      "A multiple of ten times earnings would be the top whack for
+  the brewing division in the current Guinness situation," he
+  said.
+      "This would mean an expensive exercise, right on the edge,
+  but not impossible," he added.
+      The deal would mean buying the Dublin, London, Nigerian and
+  Malaysian breweries because "It could only be sold as an
+  integral unit if it was going to be sold at all," O'Reilly said.
+  
+
diff --git a/reuters/training/9821 b/reuters/training/9821
new file mode 100644
index 0000000000000000000000000000000000000000..1c7fc4ad78be94e0ca5c263d8f04277bbb73d517
--- /dev/null
+++ b/reuters/training/9821
@@ -0,0 +1,29 @@
+U.K. VISIBLE TRADE DEFICIT NARROWS IN FEBRUARY
+  Britain's visible trade deficit narrowed
+  to a seasonally adjusted provisional 224 mln stg in February
+  from 527 mln in January, The Trade and Industry Department
+  said.
+      The current account balance of payments in February showed
+  a seasonally adjusted provisional surplus of 376 mln stg
+  compared with a surplus of 73 mln in January.
+      Invisibles in February were put provisionally at a 600 mln
+  surplus, the same as in January.
+      Seasonally adjusted, imports rose in February to 7.16
+  billion stg from 6.73 billion in January. Exports rose to a
+  record 6.93 billion last month from 6.20 billion in January.
+      Trade Department officials said the improvement in
+  Britain's current account contrasted with most private
+  forecasts and they attributed much of the strength to imports
+  rising less quickly in February than might otherwise have been
+  expected.
+      The Department said exceptionally cold weather in January
+  reduced exports that month and that there had been an element
+  of catching up in the February figures.
+      The seasonally adjusted volume index, base 1980, a guide to
+  underlying non-oil trade, showed exports rising to 131.0 from
+  114.6 in January and imports rising to 142.2 from 136.5.
+      The value of British oil exports in February rose to 751
+  mln stg from 723 mln in Jnauary while oil imports rose to 425
+  mln from 352 mln.
+  
+
diff --git a/reuters/training/9822 b/reuters/training/9822
new file mode 100644
index 0000000000000000000000000000000000000000..dcd1ffaa161da50e454470c792c315cf465a7353
--- /dev/null
+++ b/reuters/training/9822
@@ -0,0 +1,20 @@
+FRENCH RESERVES FALL ON DEBT REPAYMENT
+  French reserves fell in the week ended
+  March 19 following repayment of the bulk of the debt contracted
+  during January with the European Monetary Cooperation Fund, the
+  Bank of France said in its weekly statement.
+      The repayment of capital and interest on this loan, taken
+  out during the strong pressure on the franc which preceded the
+  European Monetary System (EMS) realignment and the subsequent
+  Group of Five meeting in Paris, took place on March 13.
+      It comprised the repayment of 11.25 billion francs' worth
+  of European Currency Units (ECUs), 9.72 billion francs' worth
+  of foreign currency and 1.72 billion francs' worth of special
+  drawing rights (SDRs), the Bank said.
+      As a result foreign currency reserves fell to 114.69
+  billion francs on March 19 from 120.82 billion on March 12,
+  while ECU reserves fell to 62.02 billion francs from 73.23
+  billion.
+      Gold reserves remained stable at 218.32 billion francs.
+  
+
diff --git a/reuters/training/9823 b/reuters/training/9823
new file mode 100644
index 0000000000000000000000000000000000000000..c60ae543fa63aab5262677d156ef1a5436d535c3
--- /dev/null
+++ b/reuters/training/9823
@@ -0,0 +1,5 @@
+FOOTE MINERAL CO IN LETTER OF INTENT TO MERGE INTO RIO TINTO-ZINC
+
+  FOOTE MINERAL CO IN LETTER OF INTENT TO MERGE INTO RIO TINTO-ZINC
+  
+
diff --git a/reuters/training/9824 b/reuters/training/9824
new file mode 100644
index 0000000000000000000000000000000000000000..0b5a75c8779ce3dc82800b3c88839f11360040d2
--- /dev/null
+++ b/reuters/training/9824
@@ -0,0 +1,5 @@
+ German March cost of living 0.2 pct below year ago (Feb 0.5 pct below) - official
+
+   German March cost of living 0.2 pct below year ago (Feb 0.5 pct below) - official
+  
+
diff --git a/reuters/training/9825 b/reuters/training/9825
new file mode 100644
index 0000000000000000000000000000000000000000..b80a895493491930f741ff8da6708b28c804a882
--- /dev/null
+++ b/reuters/training/9825
@@ -0,0 +1,8 @@
+<TRIZEC CORP LTD> 1ST QTR JAN 31 NET
+  Shr 12 cts vs 10 cts
+      Net 19.6 mln vs 17.6 mln
+      Revs 276 mln vs 170.4 mln
+      Avg shrs 85.3 mln vs 84.8 mln
+      NOTE: Company owns 65 pct of <Bramalea Ltd>.
+  
+
diff --git a/reuters/training/9827 b/reuters/training/9827
new file mode 100644
index 0000000000000000000000000000000000000000..8039fa13888c2ad15d3baf4714aabf7eb1cf46b3
--- /dev/null
+++ b/reuters/training/9827
@@ -0,0 +1,6 @@
+BOSTON EDISON CO <BSE> REGULAR DIVIDEND
+  Qtly div 44.5 cts vs 44.5 cts in prior qtr
+      Payable May one
+      Record April 10
+  
+
diff --git a/reuters/training/9829 b/reuters/training/9829
new file mode 100644
index 0000000000000000000000000000000000000000..fd52b3992ba8d360f493f39e6079819ea4e3622e
--- /dev/null
+++ b/reuters/training/9829
@@ -0,0 +1,11 @@
+GERMAN COST OF LIVING FALLS IN MARCH ON YEAR-AGO
+  The cost of living in West Germany
+  was provisionally unchanged in March compared with February but
+  fell 0.2 pct against March 1986, the Federal Statistics Office
+  said.
+      In February the cost of living rose 0.1 pct from January
+  but fell 0.5 pct compared with February 1986.
+      The office said final figures for March will be released in
+  about 10 days.
+  
+
diff --git a/reuters/training/983 b/reuters/training/983
new file mode 100644
index 0000000000000000000000000000000000000000..77d1f711c146c52a2c6f812773ac3474cf7a3577
--- /dev/null
+++ b/reuters/training/983
@@ -0,0 +1,46 @@
+EQUATORIAL COMMUNICATIONS <EQUA> TO HAVE LOSSES
+  Equatorial Communications
+  Co said it expects to report losses of about 57 mln dlrs for
+  the fourth quarter and 68 mln dlrs for the full year 1986 on
+  revenues of about 10 mln dlrs for the quarter and 52 mln dlrs
+  for the year.
+      Equatorial said the losses will include a charge of about
+  45 mln dlrs from costs associated with the restructuring of its
+  business, including adjustments to reflect the market value of
+  transponders owned and leased by Equatorial and other reserves
+  for inventory, receivables and excess facilities.
+      Equatorial said the fourth quarter operating results will
+  also include restructuring costs of about 5,500,000 dlrs, in
+  addition to the 45 mln dlr charge.
+      Equitorial also said that as of March One it is operating
+  in technical default under its lease of transponders on the
+  Galaxy III satellite due to its inabiliuty to maintain
+  agreed-upon financial ratios.  It said it is in talks with the
+  lessors in an attempt to restructure lease obligations.
+      Further, Equitorial said it is in default of two other
+  oblitations in connection with the purchase or lease of
+  transponders as a result of cross-default provisions.
+      Equatorial said it has signed a memorandum of understanding
+  for Contel Corp <CTC> to purchase 10 mln dlrs of Equatorial
+  master earth stations, micro earth stations and associated
+  equipment and loan Equatorial six mln dlrs over a six-month
+  period for repayment starting in December 1988.
+      The company said Conteol, under the agreement, would assume
+  a portion of Equatorial's rights and obligations under the
+  Galaxy III transponder lease with <Burnham Leasing> on the
+  occurrence of certain events.
+      Equatorial said it would grant Contel an option to buy
+  about 3,600,000 common shares at 3.25 dlrs each.
+      Equatorial said its understandings with Contel are subject
+  to Equatorial's ability to restructure a significant portion of
+  its obligations and to obtain concessions from lenders and
+  lessors, in particular under its Galaxy III transponder lease.
+  It said it hopes to finalize a Contel agreement by April 15.
+      Equatorial in 1985 earned 1,807,000 dlrs after a 3,197,000
+  dlr gain from early debt retirement on revenues of 56.1 mln
+  dlrs. For the first nine months of 1986, the company lost
+  9,476,000 dlrs on revenues of 45.4 mln dlrs, compared with a
+  1,784,000 dlr profit after the early retirement gain on
+  revenues of 38.5 mln dlrs.
+  
+
diff --git a/reuters/training/9833 b/reuters/training/9833
new file mode 100644
index 0000000000000000000000000000000000000000..9bdbfd1492fb755495222024ca4c1a0f7e92107d
--- /dev/null
+++ b/reuters/training/9833
@@ -0,0 +1,20 @@
+FOOTE MINERAL <FTE> TO MERGE INTO RIO TINTO
+  Foote Mineral Co said it has signed
+  a letter of intent to merge into <Rio Tinto-Zinc Corp PLC> for
+  cash.
+      The company said at the time of the acquisition, its assets
+  will include only lithium and ferrosilicon operations. Foote,
+  which is 83 pct owned by Newmont Mining Corp <NEM>, has signed
+  a letter of intent to sell its Cambridge operations and said it
+  is in talks on the sale of its manganese operations with
+  several companies.  Foote said Newmont has informally indicated
+  it would vote in favor of the Rio Tinto proposal.
+      Foote said terms of the agreement, including price for the
+  proposed cash transaction, have not been released because they
+  are subject to a continuing due diligence investigation.
+      The company said a definitive merger agreement is expected
+  to be negotiated within six weeks and shareholders are expected
+  to vote on the deal at a meeting expected to be held in June or
+  July.
+  
+
diff --git a/reuters/training/9834 b/reuters/training/9834
new file mode 100644
index 0000000000000000000000000000000000000000..f3c0af10017851f9f654fbb495a0f8b2d75302ca
--- /dev/null
+++ b/reuters/training/9834
@@ -0,0 +1,11 @@
+U.S. FIRST TIME JOBLESS CLAIMS ROSE IN WEEK
+  New applications for unemployment
+  insurance benefits rose to a seasonally adjusted 341,000 in the
+  week ended March 14 from 340,000 in the prior week, the Labor
+  Department said.
+      The number of people actually receiving benefits under
+  regular state programs totaled 2,454,000 in the week ended
+  March 7, the latest period for which that figure was available.
+      That was up from 2,507,000 the previous week.
+  
+
diff --git a/reuters/training/9836 b/reuters/training/9836
new file mode 100644
index 0000000000000000000000000000000000000000..e225a92ae905c45020afd4f1d29d3e7a7debe4c8
--- /dev/null
+++ b/reuters/training/9836
@@ -0,0 +1,24 @@
+HONG KONG FEBRUARY TRADE SWINGS INTO DEFICIT
+  Hong Kong recorded a 3.51 billion
+  H.K. Dlr deficit in February after a 2.54 billion dlr surplus
+  in January as imports climbed and exports slid, the Census and
+  Statistics Department said.
+      The deficit compared with a deficit of 1.76 billion dlrs in
+  February 1986.
+      Imports rose to 24.12 billion dlrs, up 2.6 pct from
+  January's 23.52 billion dlrs and 42 pct above the 16.98 billion
+  dlrs recorded in February 1986.
+      Total exports for the month fell 20.9 pct to 20.61 billion
+  dlrs from 26.06 billion in January.
+      February exports were still 35.4 pct above the 15.22
+  billion dlrs recorded in the same month last year.
+      Re-exports, the territory's traditional entrepot trade,
+  outpaced domestically produced exports for the first time since
+  March 1985.
+      Re-exports fell 11.6 pct to 10.62 billion dlrs from 12.0
+  billion dlrs in January but were 54 pct above February 1986's
+  6.88 billion dlrs. Domestic exports slid 28.9 pct to 9.99
+  billion dlrs from January's 14.05 billion dlrs but were up 19.7
+  pct over the 8.35 billion dlrs recorded in February 1986.
+  
+
diff --git a/reuters/training/9837 b/reuters/training/9837
new file mode 100644
index 0000000000000000000000000000000000000000..2980e7cb3d1d75fb62286370a94d9fe55a93b0f1
--- /dev/null
+++ b/reuters/training/9837
@@ -0,0 +1,5 @@
+BEST PRODUCTS CO INC 4TH QTR SHR 1.44 DLRS VS 83 CTS
+
+  BEST PRODUCTS CO INC 4TH QTR SHR 1.44 DLRS VS 83 CTS
+  
+
diff --git a/reuters/training/9839 b/reuters/training/9839
new file mode 100644
index 0000000000000000000000000000000000000000..e72418a17c80fa58f356c3274ec4efdf46f42cff
--- /dev/null
+++ b/reuters/training/9839
@@ -0,0 +1,15 @@
+BEST PRODUCTS CO <BES> 4TH QTR JAN 31 NET
+  Shr profit 1.44 dlrs vs profit 83 cts
+      Net profit 39.0 mln vs profit 22.5 mln
+      Sales 816.1 mln vs 865.3 mln
+      Year
+      Shr loss 95 cts vs profit eight cts
+      Net loss 25.6 mln vs profit 2,223,000
+      Sales 2,142,118 vs 2,234,768
+      NOTE: Current year net both periods includes prtax
+  provisions for restructuring operations of 4,868,000 dlrs in
+  quarter and 38.1 mln dlrs in year.
+      Latest year net includes 1,825,000 dlr tax credit and
+  2,600,000 dlr posttax loss from debt extinguishment.
+  
+
diff --git a/reuters/training/984 b/reuters/training/984
new file mode 100644
index 0000000000000000000000000000000000000000..89b44a06de63c1a1872b7db226ea2b5e5addc404
--- /dev/null
+++ b/reuters/training/984
@@ -0,0 +1,12 @@
+TRANSAMERICA <TA> TO HAVE AUSTRALIAN SALE GAIN
+  Transamerica Corp said it will have
+  an after-tax gain of about 10 mln U.S. dlrs on the sale of its
+  Occidental Life Insurance Co of Australia Ltd affiliate to
+  <Pratt and Co Financial Services Pty Ltd> of Melbourne for 105
+  mln Australian dlrs.
+      The sale was announced earlier today in Australia. Proceeds
+  will be used to enhance the growth of North American operations
+  of its Transamerica Occidental Life subsidiary, the company
+  said.
+  
+
diff --git a/reuters/training/9841 b/reuters/training/9841
new file mode 100644
index 0000000000000000000000000000000000000000..1e35ee6db51c71a8f2366947902e7b6c7f6889fb
--- /dev/null
+++ b/reuters/training/9841
@@ -0,0 +1,28 @@
+BANK OF SPAIN PROVIDES YEAR RECORD ASSISTANCE FUNDS
+  The Bank of Spain provided 1,145 billion
+  pesetas in assistance funds which bankers said reflected fears
+  of fresh increases in overnight rates.
+      The daily auction was the biggest of the year and comes
+  after the previous record set last June 6 of 1,240 billion
+  pesetas.
+      A spokesman for one of Spain top five banks said higher
+  overnight call money rates were expected in the short term in
+  view of disappointing money supply figures for February.
+      The M-4 money supply, measured as liquid assets in public
+  hands, rose 16.7 pct last month against 8.1 pct in January and
+  compared with this year's eight pct target. Money supply growth
+  was 11.4 pct last year.
+      The central bank on Tuesday raised overnight rates by a
+  quarter of a percentage point to 14 pct on demand for 746
+  billion pesetas. Rates stood at 12.1 pct at the start of the
+  year and have been increased to drain liquidity on rising
+  demand for funds. "The policy is proving counter-productive and
+  rates will have to come down in the long-term," the bank
+  spokesman said in reply to Reuters enquiries.
+      He said higher rates were fuelling an influx of short-term
+  speculative capital from abroad.
+      "At least 800 mln dlrs of current excess liquidity in the
+  system is convertible pesetas from West Germany and other
+  countries with much lower rates," he said.
+  
+
diff --git a/reuters/training/9844 b/reuters/training/9844
new file mode 100644
index 0000000000000000000000000000000000000000..4d6aa9d072f81ad10fa358bf0fd48133fcc4569f
--- /dev/null
+++ b/reuters/training/9844
@@ -0,0 +1,12 @@
+ETHYL CORP <EY> UNITS COMPLETE ACQUISITON
+  Ethyl Corp said its subsidiaries
+  completed the acquisiton of Nelson Research and Development Co
+  <NELR>.
+      The merger was approved following completion on Jan 27 of a
+  tender offer valued at approximately 55 mln dlrs, the company
+  said.
+      It added that Nelson, based in Irvine, Calif., will be
+  operated as a wholly-owned subsidiary of Ethyl.
+      Nelson designs and develops new drugs, Ethyl said.
+  
+
diff --git a/reuters/training/9847 b/reuters/training/9847
new file mode 100644
index 0000000000000000000000000000000000000000..a36f2a99479e174f5dcf084773cfadf2d7aac7be
--- /dev/null
+++ b/reuters/training/9847
@@ -0,0 +1,16 @@
+BRITISH POLITICIANS URGE JAPAN TRADE SANCTIONS
+  One hundred members of Britain's ruling
+  Conservative Party have signed a motion calling for trade
+  sanctions against Japan to force Tokyo to open its domestic
+  market to British goods.
+      The government announced last week that Japan had a 5.9
+  billion dlr trade surplus with Britain in 1986.
+      The Department of Trade and Industry said the government
+  was drawing up contingency plans to force Japan into opening up
+  its domestic markets but a spokesman said such moves were very
+  much a last resort.
+      Ideas being considered included blocking Japanese companies
+  from trading in Britain and revoking licenses of Japanese
+  operations in the London financial district.
+  
+
diff --git a/reuters/training/9848 b/reuters/training/9848
new file mode 100644
index 0000000000000000000000000000000000000000..4b8ee77d5e57ccae8152bbb79bb72c998603715d
--- /dev/null
+++ b/reuters/training/9848
@@ -0,0 +1,79 @@
+U.K. TRADE FIGURES BUOY HOPES OF INTEREST RATE CUT
+  The release of U.K. February trade data
+  showing that the current account surplus was a provisional 376
+  mln stg, up from a 73 mln surplus in January, has boosted hopes
+  of an early cut in interest rates, analysts said.
+      Market forecasts had been for a worse outcome, with
+  expectations of a deficit in visible trade averaging about 750
+  mln stg, against the official figure of 224 mln stg, sharply
+  narrower than January's 527 mln deficit.
+      "The figures are unreservedly good," Chase Manhattan
+  Securities economist Andrew Wroblewski said.
+      Sterling rebounded on the trade figures, reversing a weaker
+  morning trend, to stand at 72.1 pct of its trade weighted index
+  against a basket of currencies at midday, unchanged from
+  yesterday's close but 0.3 points above the 1100 GMT level.
+      The market had feared that a deteriorating non-oil trade
+  pattern would undermine international support for sterling,
+  which has been the motor behind the recent fall in U.K.
+  Interest rates. Money market sources said the market had begun
+  to doubt that a widely expected drop in bank base lending rates
+  to 9.5 pct from the present 10.0 pct was really on the cards.
+      But sentiment now looks to have turned about again.
+      There now looks to be no danger that the Chancellor of the
+  Exchequer Nigel Lawson's forecast of a 1987 current account
+  deficit of 2.5 billion stg will be exceeded, said Wroblewski.
+      Seasonally adjusted figures showed that imports rose in
+  February to 7.16 billion stg from 6.73 billion in January.
+      Exports rose to a record 6.93 billion from 6.20 billion.
+      However, Chris Tinker, U.K. Analyst at brokers Phillips and
+  Drew said that the faster rise in exports than imports would
+  prove partly aberrational in coming months. He forecast the
+  Chancellor's Budget tax cuts would increase consumer expediture
+  on imported goods.
+      However, Ian Harwood, economist at Warburg Securities, said
+  his firm was sharply revising its 1987 current account deficit
+  forecast in the light of the latest data, cutting one billion
+  stg off the expected full year total to about 1.75 billion stg.
+      He said news of strong growth in exports of non-oil goods
+  confirmed recent bullish surveys among members of the
+  Confederation of British Industry.
+      The growth in imports appears to be flattening, even if
+  January's bad weather had curbed consumer spending on overseas
+  goods and import-intensive stock building among manufactureres,
+  Harwood said.
+      U.K. Government bonds, or gilts, surged by more than 1/2
+  point on the better-than-expected news, as earlier worries
+  about the figures evaporated.
+      Sterling peaked at a high of 1.6075 dlrs, before settling
+  to a steady 1.6050 dlrs about 1300 GMT, nearly a cent higher
+  than the European low of 1.5960.
+      However, analysts noted that the turnabout in market
+  sentiment still looks highly vulnerable to political news.
+      Morning weakness in sterling and the gilt market was
+  largely attributed to a newspaper opinion poll showing that the
+  Conservative government's support was slipping.
+      The Marplan poll, published in "Today," showed Conservative
+  support had fallen to 36 pct, from 38 pct last month, while the
+  Alliance of Liberals and Social Democrats had rallied to 31
+  pct, from 21 pct, to run neck and neck with the Labour Party,
+  whose own support fell from 38 pct.
+      The poll was taken after the Budget, which was greeted
+  enthusiastically by financial markets but seems to have left
+  the voters indifferent, political observers said.
+      Another regular poll is due tomorrow, and eonomists warn
+  that today's improved sentiment could be dented if support for
+  Prime Minister Margaret Thatcher slips again.
+      This upsetting of the markets' political perceptions, which
+  are all but discounting a Conservative victory in the upcoming
+  general election, made them more sensitive to the trade data,
+  Harwood said. "The news did come as a very, very substantial
+  relief," he said.
+      However, on the interest rate front, economists caution
+  that Lawson might be wary of leaving sterling vulnerable by
+  encouraging another base rate fall. They noted Lawson had
+  already got an inflation-reducing cut in mortgage rates in
+  response to lower base rates, so domestic political reasons for
+  lower rates have been curtailed.
+  
+
diff --git a/reuters/training/9849 b/reuters/training/9849
new file mode 100644
index 0000000000000000000000000000000000000000..e7d889b3e9749f012d43456c75be0f6fc851ceb7
--- /dev/null
+++ b/reuters/training/9849
@@ -0,0 +1,17 @@
+S. KOREA MAY BUY U.S. OIL TO AID TRADE BALANCE
+  South Korea is studying a plan to buy
+  more coal from the United States and to start importing Alaskan
+  crude oil to help reduce its huge trade surplus with the United
+  States, Energy Ministry officials said today.
+      They said the plan would dominate discussions at two-day
+  energy talks between officials of the two countries in
+  Washington from April 1.
+      Huh Sun-yong, who will attend the talks with three other
+  Seoul government officials, told Reuters that Seoul was
+  "positively considering buying a certain amount of Alaskan oil
+  beginning this year as part of our government's overall plan to
+  reduce a widening trade gap between the two countries."
+      Huh said however that South Korean refineries considered
+  the Alaskan oil economically uncompetitive.
+  
+
diff --git a/reuters/training/985 b/reuters/training/985
new file mode 100644
index 0000000000000000000000000000000000000000..e80af7756020872842ea421b1af886243372b058
--- /dev/null
+++ b/reuters/training/985
@@ -0,0 +1,5 @@
+VIACOM INTERNATIONAL INC GETS ANOTHER NEW NATIONAL AMUSEMENTS BID
+
+  VIACOM INTERNATIONAL INC GETS ANOTHER NEW NATIONAL AMUSEMENTS BID
+  
+
diff --git a/reuters/training/9850 b/reuters/training/9850
new file mode 100644
index 0000000000000000000000000000000000000000..f68d6fa98720c3f736ea17eb8b542c301a02c946
--- /dev/null
+++ b/reuters/training/9850
@@ -0,0 +1,9 @@
+BP <BP> TO HOLD NEW YORK PRESS CONFERENCE
+  British Petroleum Co PLC said it has
+  scheduled a New York press conference for 1300 EST/1800 gmt
+  today at which senior management will discuss the company's
+  proposed acquisition of the 45 pct of Standard Oil Co <SRD>
+  that it does not already own for 70 dlrs per share.
+      The offer is worth about 7.4 billion dlrs.
+  
+
diff --git a/reuters/training/9851 b/reuters/training/9851
new file mode 100644
index 0000000000000000000000000000000000000000..10dbe696f828ca38fc30dbb430c87995960716f1
--- /dev/null
+++ b/reuters/training/9851
@@ -0,0 +1,5 @@
+U.S. TREASURY'S MULFORD REAFFIRMS G-6 PACT TO FOSTER CURRENCY STABILITY AROUND CURRENT LEVELS
+
+  U.S. TREASURY'S MULFORD REAFFIRMS G-6 PACT TO FOSTER CURRENCY STABILITY AROUND CURRENT LEVELS
+  
+
diff --git a/reuters/training/9852 b/reuters/training/9852
new file mode 100644
index 0000000000000000000000000000000000000000..651bceb80a80031786e72aa1cad1afb449a05870
--- /dev/null
+++ b/reuters/training/9852
@@ -0,0 +1,5 @@
+TREASURY'S MULFORD SAYS G-6 HAS NO CURRENCY TARGET ZONES, RANGES
+
+  TREASURY'S MULFORD SAYS G-6 HAS NO CURRENCY TARGET ZONES, RANGES
+  
+
diff --git a/reuters/training/9853 b/reuters/training/9853
new file mode 100644
index 0000000000000000000000000000000000000000..d3e02d2dc811f416f788cf1a3d822e2288bfc2cd
--- /dev/null
+++ b/reuters/training/9853
@@ -0,0 +1,25 @@
+GERMAN ANALYSTS SEE GOLD FIRMING LATER THIS YEAR
+  The price of gold bullion is likely
+  to rise in the second half of the year on increased private
+  investor demand, West German analysts said.
+      Gold could rise as high as 500 dlrs per ounce later this
+  year, said Peter Witte, director of Westdeutsche Landesbank
+  Girozentrale's trading division, after a presentation by the
+  U.S. Mint to promote its gold and silver Eagle series coins.
+      "A lot will depend on oil prices and developments on stock
+  exchanges," Witte said, adding he saw gold positioned for
+  further rises once it breaks out above 450 dlrs.
+      Gold was fixed this morning in London at 411.30 dlrs.
+      Despite current strong interest in gold mine stocks, many
+  investors still want to buy physical gold, Witte said.
+      Interest in gold mine stocks may also wane if stock
+  exchange rallies under way in many countries start to waver.
+      Hermann Strohmeyer, vice president of Commerzbank AG's
+  foreign exchange trading and treasury department, said gold is
+  poised to rise to 460 to 470 dlrs an ounce in the second half
+  of this year.
+      The price is unlikely to fall much below 380 or 390 dlrs an
+  ounce, and probably will continue in a range between 380 and
+  430 dlrs in the first half of this year, he said.
+  
+
diff --git a/reuters/training/9855 b/reuters/training/9855
new file mode 100644
index 0000000000000000000000000000000000000000..1dd1aa878658b00a163238b196b1a955fec65280
--- /dev/null
+++ b/reuters/training/9855
@@ -0,0 +1,11 @@
+U.K. MONEY MARKET RECEIVES 226 MLN STG ASSISTANCE
+  The Bank of England said it operated in
+  the money market this afternoon, buying 226 mln stg in bills.
+      In band one, the central bank bought 37 mln stg treasury
+  bills and 72 mln stg bank bills at 9-7/8 pct together with 117
+  mln stg band two bank bills at 9-13/16 pct.
+      This brings total money market help so far today to 241 mln
+  stg and compares with the Bank's revised estimate of a 350 mln
+  stg shortfall.
+  
+
diff --git a/reuters/training/9857 b/reuters/training/9857
new file mode 100644
index 0000000000000000000000000000000000000000..f30abb547882dc937334ec58035207c6d66ee595
--- /dev/null
+++ b/reuters/training/9857
@@ -0,0 +1,5 @@
+BANK OF FRANCE LEAVES MONEY MARKET INTERVENTION RATE UNCHANGED AT 7-3/4 PCT - OFFICIAL
+
+  BANK OF FRANCE LEAVES MONEY MARKET INTERVENTION RATE UNCHANGED AT 7-3/4 PCT - OFFICIAL
+  
+
diff --git a/reuters/training/9858 b/reuters/training/9858
new file mode 100644
index 0000000000000000000000000000000000000000..71f76f42751f07cc298b5789edd8d3485e8df94a
--- /dev/null
+++ b/reuters/training/9858
@@ -0,0 +1,12 @@
+MCO <MCO>, MAXXAM <MXM> HOLDERS APPROVE MERGER
+  MCO Holdings Inc said its
+  shareholders and those of MAXXAM Group Inc have approved the
+  proposed merger of the two companies.
+      MCO said one MAXXAM shareholder has filed an objection to
+  the proposed settlement of shareholder actions related to the
+  merger in the Delaware Court of Chancery. A hearing on the
+  settlement proposal is scheduled for March 27... The merger is
+  subject to court approval of the settlement as well as to other
+  conditions.
+  
+
diff --git a/reuters/training/986 b/reuters/training/986
new file mode 100644
index 0000000000000000000000000000000000000000..050ea63c61c1e96f5827966210d9263088099ad4
--- /dev/null
+++ b/reuters/training/986
@@ -0,0 +1,14 @@
+F.W. WOOLWORTH CO <Z> 4TH QTR JAN 31 NET
+  Shr 1.78 dlrs vs 1.64 dlrs
+      Net 117 mln vs 106 mln
+      Sales 2.02 billion vs 1.85 billion
+      Avg shrs 65.6 mln vs 63.9 mln
+      Year
+      Shr 3.25 dlrs vs 2.75 dlrs
+      Net 214 mln vs 177 mln
+      Sales 6.50 billion vs 5.96 billion
+      Avg shrs 65.6 mln vs 63.9 mln
+      NOTE: Share data restated to reflect two for one stock
+  split in May 1986
+  
+
diff --git a/reuters/training/9860 b/reuters/training/9860
new file mode 100644
index 0000000000000000000000000000000000000000..1def149120144bbeb22d05ca7ab518a9e6a49896
--- /dev/null
+++ b/reuters/training/9860
@@ -0,0 +1,13 @@
+PRICE CO <PCLB> 2ND QTR MARCH 15 NET
+  Shr 34 cts vs 29 cts
+      Net 16.7 mln vs 13.3 mln
+      Sales 678.7 mln vs 531.0 mln
+      Avg shrs 48.9 mln vs 45.8 mln
+      1st half
+      Shr 81 cts vs 69 cts
+      Net 39.5 mln vs 31.7 mln
+      Sales 1.71 billion vs 1.35 billion
+      Avg shrs 48.9 mln vs 45.8 mln
+      NOTE: Twelve and 28-week periods.
+  
+
diff --git a/reuters/training/9861 b/reuters/training/9861
new file mode 100644
index 0000000000000000000000000000000000000000..babf296b4e45e53219e1d861fe6bfa4c0eeecc81
--- /dev/null
+++ b/reuters/training/9861
@@ -0,0 +1,23 @@
+CAROLIAN SYSTEMS SEES LOWER FISCAL 1987 PROFIT
+  <Carolian Systems International Inc>
+  said it anticipates profit for fiscal 1987 ending June 30 will
+  be lower than fiscal 1986 earnings of 410,000 dlrs, despite an
+  expected revenue increase of 37 pct to more than 3.5 mln dlrs.
+      After an extraordinary expense associated with the
+  December, 1986 withdrawal of a planned common share offering,
+  "we expect to be modestly profitable for the year, but below the
+  410,000 dlrs earned in fiscal 1986," the company said.
+      Carolian previously reported fiscal six month profit of
+  12,933 dlrs, excluding an extraordinary loss of 17,210 dlrs,
+  compared to earnings of 69,829 dlrs in the prior year.
+      The company said it anticipated fiscal 1987 earnings to be
+  lower due to withdrawal of its share offering, computer
+  equipment shipment delays and costs associated with sales staff
+  expansion.
+      A strengthening Canadian dollar against U.S. currency will
+  also adversely affect revenues and earnings, since 85 pct of
+  revenues are generated by sales outside Canada, said Carolian,
+  a leading supplier of utility software for Hewlett-Packard
+  computer systems.
+  
+
diff --git a/reuters/training/9862 b/reuters/training/9862
new file mode 100644
index 0000000000000000000000000000000000000000..6212175cbdafb372d6a708483e1d5f24ec0bddd0
--- /dev/null
+++ b/reuters/training/9862
@@ -0,0 +1,5 @@
+BANK OF FRANCE BUYS DOLLARS, SELLS YEN - DEALERS
+
+  BANK OF FRANCE BUYS DOLLARS, SELLS YEN - DEALERS
+  
+
diff --git a/reuters/training/9864 b/reuters/training/9864
new file mode 100644
index 0000000000000000000000000000000000000000..0f49a67306ffb8ed6a3e290b1f410f9e99a1b399
--- /dev/null
+++ b/reuters/training/9864
@@ -0,0 +1,36 @@
+U.S TREASURY'S MULFORD REAFFIRMS G-6 AGREEMENT
+  Treasury Assistant Secretary David
+  Mulford reaffirmed U.S. backing for the Paris Agreement among
+  six industrial nations to cooperate closely to foster exchange
+  rate stability around current levels.
+      In testimony prepared for delivery before a Senate banking
+  subcommittee, Mulford said there was broad recognition in Paris
+  that "further substantial exchange rate shifts could damage
+  growth and adjustment prospects."
+      But he also said while there are clear understandings among
+  the countries regarding cooperation, "We have refrained from
+  establishing a system of target zones or ranges."
+      Mulford also said the six nations have not spelled out the
+  way in which they intend to deal with possible market
+  developments.
+      He said governments must retain flexibility in dealing with
+  exchange market pressures and efforts to establish rigid
+  exchange rate objectives "or to specify too precisely the goals
+  of intervention" would hurt official attempts to react to
+  market pressures, he said.
+      Accordingly, Mulford said setting specific currency
+  objectives and intervention to achieve those objectives would
+  be counterproductive.
+      Commenting on the trade deficit, Mulford reiterated the
+  Treasury position that the current account deficit will decline
+  from 148 billion dlrs last year to around 130 billion dlrs this
+  year, due to the exchange rate adjustments of the past 18
+  months.
+      But he added trade imbalances would also be corrected by
+  commitments from West Germany and Japan to stimulate their
+  economies and by U.S. efforts to cut the budget deficit and
+  enhance U.S. competitiveness.
+      He also said some newly industrialized countries should let
+  their currencies appreciate.
+  
+
diff --git a/reuters/training/9865 b/reuters/training/9865
new file mode 100644
index 0000000000000000000000000000000000000000..7a89223cb9d6a164cd78e806ade333210f0f4c19
--- /dev/null
+++ b/reuters/training/9865
@@ -0,0 +1,11 @@
+FRENCH FREE MARKET CEREAL EXPORT BIDS DETAILED
+  French operators have requested licences
+  to export 675,500 tonnes of maize, 245,000 tonnes of barley,
+  22,000 tonnes of soft bread wheat and 20,000 tonnes of feed
+  wheat at today's European Community tender, traders said.
+      Rebates requested ranged from 127.75 to 132.50 European
+  Currency Units a tonne for maize, 136.00 to 141.00 Ecus a tonne
+  for barley and 134.25 to 141.81 Ecus for bread wheat, while
+  rebates requested for feed wheat were 137.65 Ecus, they said.
+  
+
diff --git a/reuters/training/9866 b/reuters/training/9866
new file mode 100644
index 0000000000000000000000000000000000000000..cae3c19b265fca7b8f67e8ab6f118363ddb797fa
--- /dev/null
+++ b/reuters/training/9866
@@ -0,0 +1,31 @@
+U.S. GOLD EAGLE SALES PROJECTED AT 3.1 MLN OUNCES
+  American Eagle gold bullion coin
+  sales are projected at 3.1 mln troy ounces in their first year
+  on the market, well above the target of 2.2 mln, Donna Pope,
+  director of the U.S. Mint, told journalists.
+      World sales, which began on October 20, 1986, reached 2.193
+  mln ounces in less than six months of sales. This made it world
+  market leader with a share of 37 pct in 1986, Pope said.
+      Pope said that in volume terms, nearly half of all gold
+  Eagle sales were within North America, roughly 40 pct were in
+  Europe and about eight pct in Asia.
+      She said despite introduction of several new gold bullion
+  coins on the market recently, the Mint is aiming to preserve
+  the Eagle's strong market share with extensive publicity.
+      The Mint uses mainly newly mined U.S. Gold for the coins,
+  as long as this is available at market prices. The remaining
+  gold is taken either from U.S. Treasury stocks, or from the
+  open market, Pope said.
+      Gold analysts said the Eagle is facing competition here
+  from the Canadian Maple Leaf, and also to a lesser extent from
+  the South African Krugerrand. Some estimated the Maple Leaf's
+  West German market share at 60 pct.
+      The figures may be distorted, as many German investors buy
+  gold bullion in Switzerland or Luxembourg to escape the 14 pct
+  value-added tax imposed here. Including the tax, the one-ounce
+  coins traded today at 906 marks, they said.
+      Competition may also come from new gold coins, including
+  Belgium's ECU, which began sales today. Britain and Australia
+  also have plans to mint gold bullion coins, the analysts said.
+  
+
diff --git a/reuters/training/9867 b/reuters/training/9867
new file mode 100644
index 0000000000000000000000000000000000000000..ca93c26bdb772394e70c8ff250b70a36566f155f
--- /dev/null
+++ b/reuters/training/9867
@@ -0,0 +1,13 @@
+NEOAX <NOAX> TO SELL NOVATRONICS FOR 20 MLN DLRS
+  Neoax Inc said it has
+  agreed to sell the assets and business of its Novatronics
+  Division to Veeco Instruments Inc <VEE> for 20 mln dlrs.
+      Neoax said it expects a gain of about nine mln dlrs on the
+  transaction which is expected to becomleted during the second
+  quarter, adding the gain will be sheltered by its tax loss
+  carryforwards.
+      Novatronics makes military-specification power supplies and
+  avionics components for various prime government defense
+  contractors. It had 1986 sales of 21 mln dlrs.
+  
+
diff --git a/reuters/training/9868 b/reuters/training/9868
new file mode 100644
index 0000000000000000000000000000000000000000..18e2c5137beca073ba6154ad37da2abe3433e3fc
--- /dev/null
+++ b/reuters/training/9868
@@ -0,0 +1,6 @@
+PONCE FEDERAL BANK FSB <PFBS> RAISES DIVIDEND
+  Qtly div nine cts vs 7.5 cts in prior qtr
+      Payable April 15
+      Record March 31
+  
+
diff --git a/reuters/training/9869 b/reuters/training/9869
new file mode 100644
index 0000000000000000000000000000000000000000..611d35311a04c0301f510ec094b4b2654d218243
--- /dev/null
+++ b/reuters/training/9869
@@ -0,0 +1,27 @@
+FOOTHILL GROUP <FGI> SEES BETTER FIRST QUARTER
+  Don Gevirtz, chairman of The Foothill
+  Group Inc, told Reuters the company's first quarter results
+  will be up sharply over last year's eight cents a share.
+      "First quarter results will be dramatically better," he
+  said following a presentation to analysts. He cited a sharp
+  drop in non-earning assets, healthy asset growth and lower
+  expenses.
+      He declined to predict specific results for the first
+  quarter. In the 1986 first quarter, the commerical finance
+  company earned 606,000 dlrs, or eight cts per share.
+      Gevirtz also declined to predict full year results, but
+  said, "We expect an excellent year." In 1986 Foothill earned
+  3,239,000 dlrs, or 41 cts per share.
+      Analysts expect Foothill to record earnings of 65 cts to 85
+  cts a share in 1987.
+      During the presentation Gevirtz said Foothill has reduced
+  to less than five pct the company's level of non-performing
+  assets, which was as high as eight pct in previous years.
+      David Hilton, chief financial officer, said the company's
+  general and administrative expenses in 1987 will be reduced to
+  about 3.0 to 3.5 pct of average assets from 4.3 pct in 1986.
+      The company had average assets of 399.8 mln dlrs from
+  continuing operations and 29.8 mln dlrs from discontinued
+  operations in 1986, according to its annual report.
+  
+
diff --git a/reuters/training/9871 b/reuters/training/9871
new file mode 100644
index 0000000000000000000000000000000000000000..6cd21f73424ff3a2d822565f6e32e7db90da2751
--- /dev/null
+++ b/reuters/training/9871
@@ -0,0 +1,28 @@
+BANK OF FRANCE BUYS DOLLARS, SELLS YEN - DEALERS
+  The Bank of France intervened on the
+  market to buy dollars and sell yen to support the U.S.
+  Currency, dealers said.
+      A major French bank said it acted for the central bank in
+  buying between five and 15 mln dlrs against yen.
+      A dealer at another bank said his bank had been asked to
+  publicise the intervention, to send a clear signal to the
+  markets that central banks were acting in concert to maintain
+  the exchange rates agreed to be appropriate at last month's
+  meeting of the Group of Five and Canada in Paris.
+      The dollar was being quoted at 6.0950/70 francs in early
+  afternoon dealings after a fix of 6.09425 francs.
+      The major French bank said it sold yen at a rate of 149.28
+  against the dollar.
+      The U.S. Currency was subsequently being quoted at
+  149.25/35.
+      The Bank of Japan was reported in the market overnight to
+  bolster the credibility of the Paris accord following several
+  days of pressure against the dollar.
+      Pressure developed after U.S. Treasury Secretary James
+  Baker repeated earlier statements that the Reagan
+  administration had no targets for the dollar, apparently
+  undermining the assumption that the agreement in Paris had
+  fixed broad fluctuation ranges for major currencies.
+      Baker later said his remark had been misinterpreted.
+  
+
diff --git a/reuters/training/9872 b/reuters/training/9872
new file mode 100644
index 0000000000000000000000000000000000000000..8164c3c3880edd33597f38eaeaf701d503580ab2
--- /dev/null
+++ b/reuters/training/9872
@@ -0,0 +1,14 @@
+STANDARD <SRD> REFERRING BP <BP> BID TO GROUP
+  Standard Oil Co said British
+  Petroleum Co Plc's proposed offer of 70 dlrs a share for the 45
+  pct of Standard's stock not held by BP is being referred to a
+  special committee of the company's board.
+      This committee, which is composed of the independent,
+  non-exective directors of the company, was formed in April 1986
+  for the purpose of monitoring the relationship between Standard
+  Oil and BP.
+      Standard said the group will consider BP's offer in due
+  course noting the committee has retained the First Boston Corp
+  and Cravath Swaine and Moore as advisers.               
+  
+
diff --git a/reuters/training/9874 b/reuters/training/9874
new file mode 100644
index 0000000000000000000000000000000000000000..23c8541c718afaa5b1023424a07616b61e94c444
--- /dev/null
+++ b/reuters/training/9874
@@ -0,0 +1,28 @@
+ANCHOR GLASS <AGLS> NOW SEES HIGHER 1ST QTR NET
+  Anchor Glass Container Corp said
+  first quarter net income is now expected to exceed the 3.1 mln
+  dlrs earned before extraordinary items in the year earlier
+  quarter.
+      Previously, the company had said first quarter results
+  would likely be lower than for the 1986 period due to
+  production disruptions caused by the large number of production
+  line changes scheduled during the first quarter, its statement
+  pointed out.
+      While the disruptive effects of the production line changes
+  had occurred in line with expectations, Anchor Glass said,
+  first quarter operating results were helped by lower than
+  anticipated operating costs and improved margins on sales as a
+  result of a more favorable product mix.
+      The company said its income performance for the full year
+  remains very good.
+      It also said Anchor Hocking Corp <ARH> has converted the
+  entire principal balance of its Anchor Glass convertible
+  subordinated note to 576,694 Anchor Glass common shares.
+      Anchor Glass said the conversion decreased its total debt
+  and increased stockholders' equity by about 9.4 mln dlrs and
+  increased common shares outstanding to 13,902,716.
+      It said the conversion will also reduce its annualized net
+  interest expense by about 1.1 mln dlrs, or 600,000 dlrs after
+  taxes.
+  
+
diff --git a/reuters/training/9875 b/reuters/training/9875
new file mode 100644
index 0000000000000000000000000000000000000000..fc9a928c2a230fb05c045e157a02ea58f54a5292
--- /dev/null
+++ b/reuters/training/9875
@@ -0,0 +1,8 @@
+MACNEAL-SCHWENDLER CORP <MNS> RAISES PAYOUT
+  Qtly div five cts vs 2-1/2 cts prior
+      Pay June 10
+      Record May 29
+      NOTE: Prior payment adjusted for two-for-one stock split
+  declared recently.
+  
+
diff --git a/reuters/training/9878 b/reuters/training/9878
new file mode 100644
index 0000000000000000000000000000000000000000..1098cfa16e3f7273f277e4178d2953c4723ed145
--- /dev/null
+++ b/reuters/training/9878
@@ -0,0 +1,6 @@
+VIACOM INTERNATIONAL INC <VIA> SETS QUARTERLY
+  Qtly div seven cts vs seven cts prior
+      Pay May Eight
+      Record April 17
+  
+
diff --git a/reuters/training/988 b/reuters/training/988
new file mode 100644
index 0000000000000000000000000000000000000000..ccb9765a44e89cbf55966c2af72d96a4bf98b8b9
--- /dev/null
+++ b/reuters/training/988
@@ -0,0 +1,20 @@
+BP OIL RAISES OPERATING PROFIT
+  <BP Oil Ltd>, the U.K. Marketing and
+  refining arm of British Petroleum Co Plc <BP.L>, raised its
+  pretax operating profit on a replacement cost basis to 182 mln
+  stg in calendar 1986, compared with 66 mln stg in 1985.
+      Sales and operating revenue fell to 3.1 billion stg from
+  4.2 billion on a replacement cost basis. Historical cost
+  operating profit was 61 mln stg, up from 16 mln.
+      BP Oil said 1985 profits had been depressed by exceptional
+  items. Its profit figures were stated before interest charges.
+      Chief executive David Kendall said improved results
+  mirrored benefits of a restructuring program undertaken in
+  recent years.
+      However, he warned future financial pressure on the
+  industry will be severe.
+      "The U.K. Oil marketing and refining industry will need to
+  invest larger sums - probably around 500 mln stg a year - for a
+  good many years," he said in a statement.
+  
+
diff --git a/reuters/training/9880 b/reuters/training/9880
new file mode 100644
index 0000000000000000000000000000000000000000..f9f59af352d996b08598e3bc9410b3e04b5e14cb
--- /dev/null
+++ b/reuters/training/9880
@@ -0,0 +1,8 @@
+U.K. MONEY MARKET GETS 25 MLN STG LATE HELP
+  The Bank of England said it provided
+  about 25 mln stg in late help to the money market, bringing the
+  total assistance today to 266 mln stg.
+      This compares with the bank's revised estimate of a 350 mln
+  stg money market shortfall.
+  
+
diff --git a/reuters/training/9884 b/reuters/training/9884
new file mode 100644
index 0000000000000000000000000000000000000000..12a463086eb2a3ea6e8711e09e115c9e94f0cf64
--- /dev/null
+++ b/reuters/training/9884
@@ -0,0 +1,9 @@
+PHLCORP <PHX> HAS BREAKEVEN RESULTS
+  PHLCORP Inc said for November 14
+  through December 31, its first reporting period after emerging
+  from reorganization proceedings, it earned 86,000 dlrs on
+  revenues of 47 mln dlrs, excluding 2,300,000 dlrs in gains on
+  the sale of real estate and 800,000 dlrs in tax credits.
+      The company is the successor to Baldwin-United Corp.
+  
+
diff --git a/reuters/training/9891 b/reuters/training/9891
new file mode 100644
index 0000000000000000000000000000000000000000..f045765b5f8012899767b44e497f72d3d61cf22f
--- /dev/null
+++ b/reuters/training/9891
@@ -0,0 +1,16 @@
+FOOTE MINERAL TO MERGE INTO RIO TINTO
+  Foote Mineral Co said it signed a
+  letter of intent to merge into Rio Tinto-Zinc Corp PLC for
+  cash.
+      Foote, 83 pct owned by Newmont Mining Corp, said Newmont
+  has informally indicated it would vote in favor of the Rio
+  Tinto proposal.
+      Foote said terms of the agreement, including price for the
+  proposed cash transaction, have not been released because they
+  are subject to a continuing due diligence investigation.
+      The company said a definitive merger agreement is expected
+  to be negotiated within six weeks and shareholders are expected
+  to vote on the deal at a meeting expected to be held in June or
+  July.
+  
+
diff --git a/reuters/training/9892 b/reuters/training/9892
new file mode 100644
index 0000000000000000000000000000000000000000..c637fc7b22b016af609988eef53d53b7bb183f47
--- /dev/null
+++ b/reuters/training/9892
@@ -0,0 +1,31 @@
+ALUMINIUM SCRAP RECOVERY AND USAGE TO RISE
+  Aluminium scrap recovery and usage and
+  output of secondary metal will continue to rise, said Shearson
+  Lehman Brothers in a review of the secondary aluminium market
+  which details cost and demand factors.
+      Although primary smelting costs have declined generally in
+  recent years, the still substantial energy cost savings offered
+  by secondary smelters will continue to make re-melted material
+  increasingly attractive.
+      It takes around 15,000 kilowatt hours (kwh) of electricity
+  to produce one tonne of primary aluminium compared with around
+  550 kwh for one tonne of secondary metal, Shearson said.
+      On the demand side, developments in automobiles and
+  packaging bode well for secondary aluminium consumption.
+      Automobile production, although expected to fall this year,
+  is still on an upward trend and will continue to be so for the
+  foreseeable future and, in addition, use of aluminium castings
+  is gaining wider acceptance in the automobile industry,
+  particularly in the U.S.
+      In packaging, Shearson does not expect aluminium to
+  dominate the beverage can market in any of the other major
+  economies to the extent it does in the U.S., But says there is
+  evidence recycling is on the increase in other countries.
+      In addition to the cost savings involved, technology
+  advances now enable alloys of higher purity to be produced by
+  the secondary aluminium industry, Shearson said.
+      There is not likely to be a problem of availability as the
+  U.S. Has a huge scrap reservoir and this is also true of
+  several European countries, albeit on a smaller scale.
+  
+
diff --git a/reuters/training/9893 b/reuters/training/9893
new file mode 100644
index 0000000000000000000000000000000000000000..cc2e5672a2e39887f54aab208896fb0ece54b8c0
--- /dev/null
+++ b/reuters/training/9893
@@ -0,0 +1,12 @@
+CROSS AND TRECKER <CTCO> BUYS AUTOMATION UNIT
+  Cross and Trecker said it
+  agreed to acquire the Alliance Automation Systems division of
+  Gleason Corp <GLE> for an undisclosed amount of cash.
+      It said the Gleason division manufactures automated
+  assembly and test systems used in the production of small to
+  medium size components for a number of industries, including
+  automotive, electronic and appliance.
+      Alliance Automation had 1986 sales of about 35 mln dlrs and
+  employs 200.
+  
+
diff --git a/reuters/training/9894 b/reuters/training/9894
new file mode 100644
index 0000000000000000000000000000000000000000..7fb69b5436e7c45f1f7377914a5ccc45c8097a4d
--- /dev/null
+++ b/reuters/training/9894
@@ -0,0 +1,8 @@
+SALANT CORP <SLT> 1ST QTR FEB 28 NET
+  Oper shr profit seven cts vs loss 12 cts
+      Oper net profit 216,000 vs loss 401,000
+      Sales 21.4 mln vs 24.9 mln
+      NOTE: Current year net excludes 142,000 dlr tax credit.
+      Company operating in Chapter 11 bankruptcy.
+  
+
diff --git a/reuters/training/9896 b/reuters/training/9896
new file mode 100644
index 0000000000000000000000000000000000000000..12762fa3073aaa8c5b87879ec592d77176edee3b
--- /dev/null
+++ b/reuters/training/9896
@@ -0,0 +1,12 @@
+HEALTHMATE INC <HMTE> 4TH QTR LOSS
+  Shr loss five cts vs loss six cts
+      Net loss 473,784 vs loss 489,257
+      Revs 268.8 mln vs 81.7 mln
+      Avg shrs 9,245,247 vs 8,035,326
+      Year
+      Shr loss 17 cts vs loss 20 cts
+      Net 1,512,534 vs loss 1,553,592
+      Revs 1,448,310 vs 515,225
+      Avg shrs 8,745,132 vs 7,619,863
+  
+
diff --git a/reuters/training/9897 b/reuters/training/9897
new file mode 100644
index 0000000000000000000000000000000000000000..bc9cf01777e0ec6f4681bc8224a55678c8ab6b6a
--- /dev/null
+++ b/reuters/training/9897
@@ -0,0 +1,20 @@
+KEATING REVISES DOWN AUSTRALIAN GROWTH FORECAST
+  Treasurer Paul Keating forecast
+  economic growth at slightly under two pct in the financial year
+  ending June this year, down from the 2.25 pct forecast
+  contained in the 1986/87 budget delivered last August.
+      Australia's terms of trade also fell, by 18 pct, over the
+  past two years, he told Parliament. Terms of trade are the
+  difference between import and export price indexes.
+      Despite the figures, the budget forecast of about 1.75 pct
+  annual growth in employment would be met, Keating said.
+      Unemployment is currently at 8.2 pct of the workforce.
+      "This government is dragging Australia through a trading
+  holocaust the kind of which we have not seen since the Second
+  World War," Keating said.
+      "We are not pushing this place into a recession. We are not
+  only holding our gains on unemployment, we are bringing
+  unemployment down," he said, adding that the government had help
+  the country avoid recession.
+  
+
diff --git a/reuters/training/99 b/reuters/training/99
new file mode 100644
index 0000000000000000000000000000000000000000..56f66ec3fbee873b4f839e791f2d20844ef4919e
--- /dev/null
+++ b/reuters/training/99
@@ -0,0 +1,3 @@
+26-FEB-1987
+  26-FEB-1987
+
diff --git a/reuters/training/9901 b/reuters/training/9901
new file mode 100644
index 0000000000000000000000000000000000000000..531ca5ba9c7a1fa98e289c55e5585ab6bbc58eea
--- /dev/null
+++ b/reuters/training/9901
@@ -0,0 +1,6 @@
+NATIONAL BANC OF COMMERCE CO <NBCC> SETS PAYOUT
+  Qtly div 14 cts vs 14 cts prior
+      Pay April Eight
+      Record March 26
+  
+
diff --git a/reuters/training/9902 b/reuters/training/9902
new file mode 100644
index 0000000000000000000000000000000000000000..7a4f11cfbce9e5dc19daa18d25261ece4826bd15
--- /dev/null
+++ b/reuters/training/9902
@@ -0,0 +1,6 @@
+HARSCO CORP <HSC> SETS REGULAR PAYOUT
+  Qtrly div 25 cts vs 25 cts
+      Pay May 15
+      Record April 15
+  
+
diff --git a/reuters/training/9903 b/reuters/training/9903
new file mode 100644
index 0000000000000000000000000000000000000000..555eb0079a52cea27b95d4ac2ffa13e5af7dd1e1
--- /dev/null
+++ b/reuters/training/9903
@@ -0,0 +1,13 @@
+MADAGASCAR COCOA PRODUCTION ESTIMATED HIGHER
+  Madagascar's cocoa production is
+  estimated 13 pct higher this year at 2,720 tonnes, up from
+  2,400 in 1986, Agriculture Ministry officials said.
+      This improvement reflects the government's efforts over the
+  last seven years to extend existing cocoa plantations and plant
+  new higher yielding varieties, particularly at the northern tip
+  of the island, they said.
+      Last year, Madagascar exported 2,189 tonnes of high quality
+  cocoa, up from 1,624 in 1985, the Trade Ministry said.
+      This year's exports are estimated at 2,400 tonnes.
+  
+
diff --git a/reuters/training/9904 b/reuters/training/9904
new file mode 100644
index 0000000000000000000000000000000000000000..3273411b0baba768bb0ff1dcc77e90cd5c55f19a
--- /dev/null
+++ b/reuters/training/9904
@@ -0,0 +1,6 @@
+COMPUTER ASSOCIATES <CA> SETS TWO FOR ONE SPLIT
+  Computer Associates
+  International Inc said its board has declared a two-for-one
+  stock split, payable May Seven, record April Seven.
+  
+
diff --git a/reuters/training/9905 b/reuters/training/9905
new file mode 100644
index 0000000000000000000000000000000000000000..d8633ab19e45ba28fb7a4792754c4611e2454d85
--- /dev/null
+++ b/reuters/training/9905
@@ -0,0 +1,34 @@
+SWISS NET CAPITAL EXPORTS RISE IN 1986
+  Increased activity by Switzerland's
+  banks pushed net capital exports to a provisional 11.7 billion
+  francs last year from 10.0 billion in 1985, the National Bank
+  said in a pre-publication copy of its annual report.
+      It also said the current account surplus of the Swiss
+  balance of payments reached a provisional 13.5 billion francs
+  last year, from 12.8 billion in 1985.
+      The National Bank's currency reserves rose by 1.8 billion
+  francs, against a 2.8 billion rise in 1985. However, taking
+  into accounts effects of the shift in exchange rates, reserves
+  actually fell in value by 1.9 billion.
+      The banks' net capital exports climbed to 5.4 billion
+  francs, from 5.1 billion in 1985, while capital exports by
+  domestic non-banks fell to 5.0 billion from 9.1 billion.
+      The National Bank gave the following figures (1985 in
+  brackets)
+      Current Account +13.5 billion (+12.8 in 1985), made up of:
+      Goods                     -7.1 (-8.7)
+      Services                  +10.1 (+9.8)
+      Factor Income             +12.5 (+13.7)
+      Transfers                 -2.0 (-2.0)
+   Capital Account -11.7 billion (-10.0 in 1985) made up of
+      Direct Investment                          N/A  (-6.3)
+      Portfolio Investment                       N/A  (-2.8)
+      Capital Traffic of Banks                  -10.4 (-14.2)
+      Other Capital Traffic Included             N/A  (+5.6)
+      Traffic not Included and Statistical Error N/A  (+7.7)
+      Change in Currency Reserves of the National Bank +1.8
+  (+2.8)
+      Interest Income on Foreign Currency        +2.4 (+3.4)
+      Foreign Currency Transactions              -0.6 (-0.6)
+  
+
diff --git a/reuters/training/9906 b/reuters/training/9906
new file mode 100644
index 0000000000000000000000000000000000000000..a42807ab15259e4702c7adff7b7da9352515ac06
--- /dev/null
+++ b/reuters/training/9906
@@ -0,0 +1,17 @@
+ST LAWRENCE SEAWAY OPENING STILL MARCH 31
+  The St Lawrence Seaway between Lake
+  Ontario and Montreal is still scheduled to open for the
+  shipping season on March 31, a Seaway official said.
+      The Great Lakes could have been open for traffic earlier
+  this month due to the mild Winter, but scheduled repairs to the
+  Welland Canal joining Lake Erie with Lake Ontario will keep
+  that section closed until the April 1 opening, she said.
+      One lock system in the four-lock Soo Canal joining Lake
+  Superior with Huron was opened on the morning of March 22, but
+  only three commercial vessels have been locked through so far,
+  according to an U.S. Army Corps of Engineers official.
+      The Soo Canal is currently only open for daylight vessel
+  movement, with 24 hour movement allowed beginning March 29, she
+  added.
+  
+
diff --git a/reuters/training/9907 b/reuters/training/9907
new file mode 100644
index 0000000000000000000000000000000000000000..810c44edec3643fe44ec734b97bfe9ce8c5097a1
--- /dev/null
+++ b/reuters/training/9907
@@ -0,0 +1,43 @@
+DUTCH GRAIN LEVY TEST CASE TO START IN APRIL
+  A large Dutch animal feed compounder
+  will begin formal legal proceedings early next month as a test
+  case on the way the EC grain co-responsibility levy is applied,
+  a spokesman for Dutch grain and feed trade association, Het
+  Comite, told Reuters.
+      Het Comite has been co-ordinating national actions against
+  alleged distortions caused by currency factors in the levy and,
+  since December, has lodged more than 80 individual cases with
+  the Business Appeal Court in The Hague.
+      The basic complaint is that the levy does not take account
+  of currency cross-rates of exchange and therefore compounders
+  in countries with strong currencies may have to pay more in
+  their own currency than is paid to them by producers in another
+  country.
+      Het Comite has obtained a temporary agreement that
+  companies can pay the amount they receive toward the levy
+  rather than paying a full guilder amount to the Dutch grain
+  commodity board.
+      The spokesman said Het Comite will provide financial and
+  legal backing to the test case in the Business Administration
+  Court in the Hague. Oral proceedings are to begin on April 10.
+      The spokesman said Het Comite finally selected the company
+  for the test case from among the 80 lodged "because the bill
+  (the firm) received from the commodity board for payment of the
+  levy contained significant currency distortions and involved
+  grain from a wide variety of origins." The name of the company
+  is not being made public.
+      The Administration Court is not expected to make a final
+  ruling on the case in the near future. The Het Comite spokesman
+  said it was very likely it would refer questions to the Appeal
+  Court in Luxembourg, and "as a result it could easily be another
+  nine to 12 months before the matter is finally resolved."
+      Meanwhile, the actions by Dutch animal feed compounders are
+  putting pressure on the commodity board to urge the Dutch
+  government to follow through on earlier statements and seek a
+  complete review in Brussels of the way in which the levy is
+  collected, the spokesman said.
+      Het Comite, as a member of FEFAC, the association of
+  European animal feed manufacturers, is also a party to actions
+  protesting the whole levy in the Luxembourg appeal court.
+  
+
diff --git a/reuters/training/9909 b/reuters/training/9909
new file mode 100644
index 0000000000000000000000000000000000000000..2dc8c1b7acae000d5bb15daefec582e2c0d94ef2
--- /dev/null
+++ b/reuters/training/9909
@@ -0,0 +1,10 @@
+Z-SEVEN FUND SEES HIGHER 1987 NET
+  <Z-Seven Fund Inc> said it expects to
+  earn six dlrs a share in 1987, up from 4.20 dlrs a share in
+  1986.
+      The company said the 1986 net earnings were up 30 pct from
+  3.22 dlrs in 1985. Net asset value in 1986 rose 35 pct to 16.09
+  dlrs a share from 11.89 a year earlier, adjusted for a
+  three-for-two stock split.
+  
+
diff --git a/reuters/training/991 b/reuters/training/991
new file mode 100644
index 0000000000000000000000000000000000000000..e255ce390165f4a1058a795ac8231f3ad5035712
--- /dev/null
+++ b/reuters/training/991
@@ -0,0 +1,24 @@
+U.S. ASKS JAPAN END AGRICULTURE IMPORT CONTROLS
+  The U.S. Wants Japan to eliminate import
+  controls on agricultural products within three years, visiting
+  U.S. Under-Secretary of State for Economic Affairs Allen Wallis
+  told Eishiro Saito, Chairman of the Federation of Economic
+  Organisations (Keidanren), a spokesman for Keidanren said.
+      The spokesman quoted Wallis as saying drastic measures
+  would be needed to stave off protectionist legislation by
+  Congress.
+      Wallis, who is attending a sub-cabinet-level bilateral
+  trade meeting, made the remark yesterday in talks with Saito.
+      Wallis was quoted as saying the Reagan Administration wants
+  Japanese cooperation so the White House can ensure any U.S.
+  Trade bill is a moderate one, rather than containing
+  retaliatory measures or antagonising any particular country.
+      He was also quoted as saying the U.S. Would be pleased were
+  Japan to halve restrictions on agricultural imports within five
+  years if the country cannot cope with abolition within three,
+  the spokesman said.
+      Japan currently restricts imports of 22 agricultural
+  products. A ban on rice imports triggered recent U.S.
+  Complaints about Japan's agricultural policy.
+  
+
diff --git a/reuters/training/9912 b/reuters/training/9912
new file mode 100644
index 0000000000000000000000000000000000000000..07e5cfce7f720ab3755d243c7400d3c73d558ae1
--- /dev/null
+++ b/reuters/training/9912
@@ -0,0 +1,14 @@
+SPANISH REFINER PLANS GASOLINE ADDITIVE PLANT
+  Spain's state refiner Empresa Nacional
+  de Petroleo S.A. (EMP) plans to build its second unit for
+  production of methyl tertiary butyl ether (MTBE), a gasoline
+  additive replacing lead, company sources said.
+      The Coruna-based plant, with an annual capacity of 27,000
+  tonnes, and a 55,000-tonnes-per-year facility that EMP will
+  start up in Tarragona next year, will make the state refiner
+  Spain's biggest producer of MTBE.
+      Petroleos del Norte S.A. (Petronor) runs a 45,000 tonne a
+  year plant in Bilbao and Cia Espanola de Petroleos S.A. (Cepsa)
+  plans to put a similar unit onstream next year in Algeciras.
+  
+
diff --git a/reuters/training/9913 b/reuters/training/9913
new file mode 100644
index 0000000000000000000000000000000000000000..30b49b0bc16cd07ad5309d8e768cd7b153eb8865
--- /dev/null
+++ b/reuters/training/9913
@@ -0,0 +1,16 @@
+WALL STREET STOCKS/U.S. OIL COMPANIES
+  British Petroleum Co PLC's
+  announcement that its U.S. subsidiary intends to tender for the
+  45 pct of Standard Oil Co <SRD> it does not already own,
+  catapulted U.S. oil stocks sharply higher this morning, traders
+  and analysts said.
+      "It raises the specter of additional consolidation in the
+  industry and that is what is boosting the other oils," analyst
+  Rosario Ilacqua of L.F. Rothschild said.
+      Sanford Margoshes of Shearson Lehman Brothers said "this
+  deal shows that British Petroleum, a conservative investor that
+  knows the oil business, is clearly confident in the U.S. oil
+  industry, and that shines well on the U.S. companies."
+   More
+  
+
diff --git a/reuters/training/9914 b/reuters/training/9914
new file mode 100644
index 0000000000000000000000000000000000000000..be168b4ed2a3249df98b4b8ea82a6d9c7fef43cc
--- /dev/null
+++ b/reuters/training/9914
@@ -0,0 +1,22 @@
+ROY F. WESTON INC <WSTNA> 4TH QTR NET
+  Shr 15 cts vs 11 cts
+      Net 900,334 vs 482,705
+      Revs 28.7 mln vs 18.8 mln
+      Avg shrs 6,195,527 vs 4,551,105
+      Shr 51 cts vs 31 cts
+      Net 2,713,912 vs 1,402,696
+      Revs 98.7 mln vs 67.9 mln
+      Avg shrs 5,369,833 vs 4,551,105
+      NOTE: Share adjusted for three-for-two stock split
+  effecitive March 2, 1987.
+      Weston said earnings for the firstg quarter will be about
+  flat due to the recent substantial addition of management and
+  technical staff and an expansion in the Southeastern and
+  Northwestern U.S.
+      The company said full-year earnings and revenues are
+  expected to be higher.  The company today reported 1986
+  earnings of 2,713,912 dlrs, up from 1,402,696 dlrs in 1985, and
+  revenues of 98.7 mln dlrs, up from 67.9 mln dlrs.
+      Weston earned 492,000 dlrs in last year's first quarter.
+  
+
diff --git a/reuters/training/9915 b/reuters/training/9915
new file mode 100644
index 0000000000000000000000000000000000000000..267be8cca8144cda2869b5fb33a680f467f475c0
--- /dev/null
+++ b/reuters/training/9915
@@ -0,0 +1,14 @@
+MOBIL <MOB> TO UPGRADE REFINERY UNIT
+  Mobil Corp said it will spend over 30
+  mln dlrs to upgrade a gasoline-producing unit at its Beaumont,
+  Texas, refinery.
+      It said the unit is a catalytic reformer, which converts
+  low-octane components of gasoline into high-octane components
+  for use in Super Unleaded gasoline.
+      The company said the modernization will allow the unit to
+  regenerate catalysts on a continuous basis without shutdown.
+  Currently, it must be shut twice a year.  The unit produces
+  46,000 barrels of gasoline components a year.  Construction
+  will start late this year, with completion set for mid-1989.
+  
+
diff --git a/reuters/training/9918 b/reuters/training/9918
new file mode 100644
index 0000000000000000000000000000000000000000..2b16b20275c635c6dadc9aa9de2fe0fb81891762
--- /dev/null
+++ b/reuters/training/9918
@@ -0,0 +1,11 @@
+BLOCKBUSTER <BBEC> TO ACQUIRE LICENSEE
+  Blockbuster Entertainment Corp said it
+  agreed to buy <Southern Video>, a Blockbuster licensee in San
+  Antonio.
+      Blockbuster said it will issue 80,460 shares of its common
+  stock for all the net assets of Southern Video.
+      The company said after the acquisition is complete, it
+  intends to open additional Blockbuster Video Superstores in the
+  San Antonio market.
+  
+
diff --git a/reuters/training/9919 b/reuters/training/9919
new file mode 100644
index 0000000000000000000000000000000000000000..390696c8879f3b9022dddb95d924f6daf12aadfe
--- /dev/null
+++ b/reuters/training/9919
@@ -0,0 +1,13 @@
+BRAZIL SOY HARVEST 13 PCT COMPLETE - NEWSLETTER
+  Brazil's soybean harvest was 13
+  pct complete by March 20, the Safras e Mercado newsletter said.
+      This compares with an historic average for this time of
+  year of 20 pct.
+      The newsletter gave the following figures for the progress
+  of the harvest in the main producer states:
+      Parana: 40 pct
+      Mato Grosso do Sul: 15 pct
+      Mato Grosso: five pct
+      Rio Grande do Sul: two pct
+  
+
diff --git a/reuters/training/9920 b/reuters/training/9920
new file mode 100644
index 0000000000000000000000000000000000000000..a203d4db05af26473ed659850b6a70da9d45955c
--- /dev/null
+++ b/reuters/training/9920
@@ -0,0 +1,9 @@
+CONTEL <CTC> TO BUY WALKER COUNTY TELEPHONE
+  Contel Corp said it has agreed in
+  principle to acquire <Walker County Telephone Co> of LaFayette,
+  Ga., for an undisclosed amount of common stock.
+      Walker has 7,600 customers in northeast Georgia.
+      The company said the agreement is subject to approval by
+  regulatory agencies, both boards and Walker shareholders.
+  
+
diff --git a/reuters/training/9923 b/reuters/training/9923
new file mode 100644
index 0000000000000000000000000000000000000000..528ea648621a3b71b392fa54b260007fad27c021
--- /dev/null
+++ b/reuters/training/9923
@@ -0,0 +1,40 @@
+MULFORD SAYS G-6 WANTS STABILITY
+  Treasury Assistant Secretary David
+  Mulford said the Paris agreement among leading industrial
+  nations is intended to produce "reasonable stability" in exchange
+  markets over the next few months.
+      He told a Senate Banking subcommittee the Group of Five
+  nations and Canada agreed in Paris to "see if there can't be a
+  period of reasonable stability instead of volatility" to give
+  time for the committments in Paris to take place.
+      Asked by Sen Phil Gramm (R-Tex) whether U.S. intervention
+  was not in fact overvaluing the dollar, Mulford replied that
+  the administration judged that after economic adjustments,
+  current exchange rates reflect underlying economic
+  fundamentals.
+      In particular, the stability sought by the nations would
+  allow West Germany and Japan to stimulate their economies
+  domestically and the U.S. to cut its budget deficit, Mulford
+  said in his testimony.
+      He stressed that a further sharp fall in the dollar would
+  hurt the ability of Germany and Japan to boost growth.
+      Mulford noted that half of West Germany's economy was
+  affected by international developments.
+      He also said increased Japanese domestic growth would
+  result in more U.S. exports to Japan and would not necessarily
+  lead to greater Japanese capital flows to the U.S., as Gramm
+  asserted, if Japan reformed its domestic capital market.
+      Commenting on the Paris agreement, Mulford said, "I think
+  exchange rates ought to be stabilized so (Germany's and
+  Japan's) efforts can be carried out.
+      Mulford rejected Gramm's argument that faster domestic
+  growth in Germany and Japan would result in an even lower
+  dollar.
+      Mulford said the administration wanted to achieve a pattern
+  of higher growth overseas as a way of improving the U.S. trade
+  deficit.
+      Otherwise, he said, the trade deficit would be resolved
+  either through a much lower dollar or a U.S. recession, both
+  alternatives he termed unacceptable and undesirable.
+  
+
diff --git a/reuters/training/9925 b/reuters/training/9925
new file mode 100644
index 0000000000000000000000000000000000000000..644825285f9c4bf4fff5be3ebf8c7429d8d09ce7
--- /dev/null
+++ b/reuters/training/9925
@@ -0,0 +1,9 @@
+THERMO PROCESS <TPSI> COMPLETES ACQUSITION
+  Thermo Process Systems Inc said
+  it completed its purchase of Thermo Process Services Inc, a
+  subsidiary of Thermo Electron Corp <TMO>.
+      Thermo Process Systems said it issued 2,590,000 shares of
+  its common stock to Thermo Electron in connection with the
+  sale.
+  
+
diff --git a/reuters/training/9926 b/reuters/training/9926
new file mode 100644
index 0000000000000000000000000000000000000000..69ce87738f79d1cb4a8e029726d85065d23bd5df
--- /dev/null
+++ b/reuters/training/9926
@@ -0,0 +1,14 @@
+SIEMENS RAISES STAKE IN TELECOM PLUS OF U.S.
+  Siemens AG's <SIEG.F>
+  fully-owned subsidiary Siemens Informations Systems Inc. Has
+  raised its stake in Telecom Plus Communications Inc. By 65 pct
+  to 100 pct, a Siemens spokesman said.
+      He added that Telecom Plus Communications was the largest
+  independent supplier of telephone exchange systems in the U.S.
+  And had achieved a turnover of 234 mln dlrs in 1986.
+     The stake had been acquired from Telecom Plus International
+  Inc. The spokesman declined to comment on U.S. Newspaper
+  reports that the purchase price of the remaining stake totalled
+  173 mln dlrs.
+  
+
diff --git a/reuters/training/9927 b/reuters/training/9927
new file mode 100644
index 0000000000000000000000000000000000000000..6eaa8cea2fb2c4ae4ce3a81224edefee0adcd643
--- /dev/null
+++ b/reuters/training/9927
@@ -0,0 +1,20 @@
+FRUEHAUF POSTS 20.3 MLN DLR 1986 LOSS
+  Fruehauf Corp, which went private in
+  December through a leveraged buyout, said the predecessor
+  company had a 1986 loss of 60.9 mln dlrs compared to earnings
+  of 70.5 mln dlrs in 1985.
+      Sales of the predecessor company were 2.68 billion dlrs
+  compared to 2.56 billion dlrs in 1985, including the sales by
+  the operations which are divestiture candidates.
+      Fruehauf said in connection with the buyout acquisition,
+  the predecessor company incurred about 97 mln dlrs in expenses
+  charged against 1986 operations.
+      In addition to the direct expenses, Fruehauf said operating
+  results were adversely affected by an unquantifiable amount due
+  to the disruption related to a proxy contest and attempted
+  hostile takeover which started in early 1986.
+      Fruehauf said its board rescheduled the annual meeting to
+  June 18 from May 7 to allow for completion and distribution of
+  the 1986 results to shareholders.
+  
+
diff --git a/reuters/training/9928 b/reuters/training/9928
new file mode 100644
index 0000000000000000000000000000000000000000..d7d8f580aaa9b6628b751c8b51dd91704bd326c7
--- /dev/null
+++ b/reuters/training/9928
@@ -0,0 +1,26 @@
+MICHIGAN GENERAL <MGL> TO SELL KRESTMARK UNIT
+  Michigan General Corp said
+  it agreed to sell substantially all of the assets and certain
+  liabilities of its Krestmark subsidiaries to LCB Holdings Inc
+  for 6.5 mln dlrs cash.
+      Sale of Texas-based Krestmark, a maker of doors, door
+  frames and other products, will allow Michigan General to
+  concentrate on retailing through its Diamond Lumber and
+  Savannah Wholesale units.
+      Proceeds of the sale will be used to reduce debt. The deal
+  is subject to execution of a definitive agreement.
+      Krestmark had revenues of about 40 mln dlrs and operating
+  losses of three mln dlrs in 1986, the company said. It has been
+  accounted for as a discontinued operation since last September.
+      Dallas-based LCB is a privately-held maker of structural
+  steel joists and rack and storage handling systems.
+      Michigan General also said its Diamond Lumber homebuilding
+  products retail unit closed nine unprofitable stores in the
+  first quarter and reduced its headquarters staff by 10 pct. The
+  nine closed stores, which had pretax operating losses of 1.7
+  mln dlrs in 1986, are being sold to provide cash for
+  operations.
+      About 4.5 mln dlrs of inventory from the stores is being
+  transferred to other locations, the company said.
+  
+
diff --git a/reuters/training/9929 b/reuters/training/9929
new file mode 100644
index 0000000000000000000000000000000000000000..a7f749ac83bf5fe141824d6c7140e476891f4f91
--- /dev/null
+++ b/reuters/training/9929
@@ -0,0 +1,12 @@
+RABBIT SOFTWARE <RABT> TO MERGE WITH CTI DATA
+  Rabbit Software Corp said it
+  agreed in principle to merge with <CTI Data Inc>, a privately
+  owned communications company.
+      According to terms, CTI holders and employees will receive
+  200,000 shares of Rabbit stock and royalties on sales of CTI
+  Products. CTI will become a wholly owned subsidiary of Rabbit.
+      The deal is subject to completion of a definitive merger
+  agreement, receipt of third party approvals and other
+  conditions, the company said.
+  
+
diff --git a/reuters/training/9930 b/reuters/training/9930
new file mode 100644
index 0000000000000000000000000000000000000000..fb8607bbdc4dd3b83b02f4def93b27d0f7fec547
--- /dev/null
+++ b/reuters/training/9930
@@ -0,0 +1,13 @@
+COMSTOCK GROUP INC <CSTK> 4TH QTR LOSS
+  Shr loss 60 cts vs loss 43 cts
+      Net loss 3,012,000 vs loss 2,114,000
+      Revs 102.8 mln vs 134.9 mln
+      Year
+      Shr loss 1.48 dlr vs loss four cts
+      Net loss 7,338,000 vs loss 180,000
+      Revs 354.9 mln vs 469.2 mln
+      NOTE: 1986 4th qtr and year net includes a loss of 623,000
+  dlrs and a gain 1,910,000 dlrs or 39 cts per share for an
+  extraordinary item.
+  
+
diff --git a/reuters/training/9933 b/reuters/training/9933
new file mode 100644
index 0000000000000000000000000000000000000000..bacdc284429549e3b278b92a68fa9f1f62d1d024
--- /dev/null
+++ b/reuters/training/9933
@@ -0,0 +1,25 @@
+U.S. SENATE HITS EC OILS TAX, VOWS RETALIATION
+  The Senate voted to condemn the
+  proposed European common market tax on vegetable and marine
+  fats and oils and said it would result in retaliation.
+      The non-binding Senate resolution, a sense of Senate
+  sentiment, was approved on a 99 to 0 vote.
+      "The administration should communicate to the European
+  Community the message that the United States will view the
+  establishment of such a tax as inconsistent with the European
+  Community's obligations under the General Agreement on Tariffs
+  and Trade that will result in the adoption of strong and
+  immediate countermeasures," the resolution stated.
+      The resolution said the European Community Commission has
+  proposed establishing a consumption tax on vegetable and fish
+  oils and fats in conjunction with the setting of farm prices
+  for the 1987/1988 EC marketing year.
+      The Senate said the tax would amount to almost 90 pct of
+  the current price of soyoil and "have a restrictive effect" on
+  U.S. exports of soybeans and vegetable oils to the EC.
+      It would be "blatantly inconsistent" with obligations of the
+  EC under the General Agreement on Tariffs and Trade, GATT, the
+  resolution said, and "constitute another egregious attempt" to
+  impose EC agricultural costs on trading partners.
+  
+
diff --git a/reuters/training/9934 b/reuters/training/9934
new file mode 100644
index 0000000000000000000000000000000000000000..fb745c6cf5b967c77eed346b0286e0642ca75af7
--- /dev/null
+++ b/reuters/training/9934
@@ -0,0 +1,5 @@
+HEALTHMATE INC SAYS AUDITORS INTEND TO QUALIFY ITS FINANCIAL STATEMENTS
+
+  HEALTHMATE INC SAYS AUDITORS INTEND TO QUALIFY ITS FINANCIAL STATEMENTS
+  
+
diff --git a/reuters/training/9936 b/reuters/training/9936
new file mode 100644
index 0000000000000000000000000000000000000000..765d07ff8055e55f2c9e2623e64688a54850326d
--- /dev/null
+++ b/reuters/training/9936
@@ -0,0 +1,6 @@
+HARSCO CORP <HSC> SETS QUARTERLY
+  Qtly div 25 cts vs 25 cts prior
+      Pay May 15
+      Record April 15
+  
+
diff --git a/reuters/training/9937 b/reuters/training/9937
new file mode 100644
index 0000000000000000000000000000000000000000..d6c8047bb8edf888088656a31b66e8c7281c4ed0
--- /dev/null
+++ b/reuters/training/9937
@@ -0,0 +1,16 @@
+MILASTAR CORP <MILA> 3RD QTR JAN 31 LOSS
+  Shr loss two cts vs loss four cts
+      Net loss 44,000 vs loss 85,000
+      Sales 370,000 vs 299,000
+      Nine mths
+      Shr loss seven cts vs loss three cts
+      Net loss 134,000 vs loss 56,000
+      Sales 1,211,000 vs 1,069,000
+      NOTE: Prior nine mths net includes 10,000 dlr loss on sale
+  of marketable securities.
+      Prior quarter net includes 1,000 dlr tax credit.
+      Current year net includes provisions for loss on investment
+  in preferred stock of 4,000 dlrs in quarter and 15,000 dlrs in
+  nine mths.
+  
+
diff --git a/reuters/training/9939 b/reuters/training/9939
new file mode 100644
index 0000000000000000000000000000000000000000..72d208da708dfda9211eb7b1cca8ce9065f1d183
--- /dev/null
+++ b/reuters/training/9939
@@ -0,0 +1,5 @@
+BANK OF BOSTON EXPECTS 1ST QTR EARNINGS FROM 90 CTS TO 1.00 DLRS/SHR VS 79 CTS
+
+  BANK OF BOSTON EXPECTS 1ST QTR EARNINGS FROM 90 CTS TO 1.00 DLRS/SHR VS 79 CTS
+  
+
diff --git a/reuters/training/9940 b/reuters/training/9940
new file mode 100644
index 0000000000000000000000000000000000000000..5276e0520ad0d36abfc87866812c93ce3832fc0a
--- /dev/null
+++ b/reuters/training/9940
@@ -0,0 +1,34 @@
+BANK OF BOSTON <BKB> SEES IMPROVED 1ST QUARTER
+  Bank of Boston Corp expects first
+  quarter earnings will range between 90 cts and one dlr a share,
+  up from 79 cts a share last year, Chairman William Brown said.
+      He told shareholders the company has a 190 mln dlr exposure
+  in loans to Brazil if that country defaults on its debt
+  payments. If a default does occur, it would first quarter
+  earnings by about five cts a share, which would bring the
+  bank's in the lower level of the estimated range, he added.
+      Brown noted the 1986 first quarter net included a 17 cts
+  gain from loan restructurings which will not appear this year.
+      Brown said the bank's other nonperforming assets, not
+  including its Brazilian exposure, could rise to over 700 mln
+  dlrs at the end of this quarter compared with 669 mln dlrs a
+  year earlier and 614 mln dlrs at the end of 1986.
+      He said the increase includes all of its Equadorian loans
+  which he expects will be ultimately repaid after the company
+  recovers from an earthquake earlier this year.
+      Brown said the increase also includes some Mexican and
+  Venezuelan loans as those nations are also facing credit
+  problems.
+      Brown said the Bank of Boston remains "cautiously optimitic
+  about the full year even if our Brazilian exposure were to be
+  on nonaccural all year." In 1986, the bank earned 3.69 dlrs a
+  share, or 232.8 mln dlrs on net interest revenues of 1.08
+  billion dlrs.
+      President Ira Stepanian told the shareholders's meeting the
+  bank's total loans to Argentina, Brazil and Mexico totaled 875
+  mln dlrs at the end of 1986, 37 pct of its primary capital.
+  Brazil loans total 300 mln dlrs, of which about two-thirds are
+  affected by its suspension of interest payments on its medium
+  and long term foreign debt.
+  
+
diff --git a/reuters/training/9941 b/reuters/training/9941
new file mode 100644
index 0000000000000000000000000000000000000000..d039b324f3c326322aad5217ee9f453cee90b39a
--- /dev/null
+++ b/reuters/training/9941
@@ -0,0 +1,7 @@
+LIBYA REPORTEDLY BOUGHT WHITE SUGAR
+  Libya is reported to have recently
+  bought two cargoes of white sugar from operators at around
+  229/230 dlrs a tonne cost and freight, traders said.
+      The shipment period required was not specified.
+  
+
diff --git a/reuters/training/9942 b/reuters/training/9942
new file mode 100644
index 0000000000000000000000000000000000000000..e4037c622d73a77bc30b11301c61ad644baaead6
--- /dev/null
+++ b/reuters/training/9942
@@ -0,0 +1,5 @@
+USAIR GETS APPROVAL TO BUY 9,309,394 PIEDMONT SHARES IN TENDER
+
+  USAIR GETS APPROVAL TO BUY 9,309,394 PIEDMONT SHARES IN TENDER
+  
+
diff --git a/reuters/training/9943 b/reuters/training/9943
new file mode 100644
index 0000000000000000000000000000000000000000..769b226659f8c509c4ff8c90df5f0d0a03183821
--- /dev/null
+++ b/reuters/training/9943
@@ -0,0 +1,14 @@
+FED EXPECTED TO ADD RESERVES
+  The Federal Reserve is expected to
+  enter the U.S. government securities market to add reserves
+  during its usual intervention period today, economists said.
+      With federal funds trading at a steady 6-3/16 pct, most
+  economists expect an indirect injection of temporary reserves
+  via a medium-sized round of customer repurchase agreements.
+      However, some economists said the Fed may arrange more
+  aggressive system repurchase agreements.
+      Economists would also not rule out an outright bill pass
+  early this afternoon. Such action had been widely anticipated
+  yesterday but failed to materialize.
+  
+
diff --git a/reuters/training/9946 b/reuters/training/9946
new file mode 100644
index 0000000000000000000000000000000000000000..9cdf5ec8962286ad50715d81982d5b3333beb987
--- /dev/null
+++ b/reuters/training/9946
@@ -0,0 +1,49 @@
+DOLLAR/YEN INTERVENTION RESPONDS TO PRESSURE
+  The Bank of France intervened to buy
+  small amounts of dollars and sell yen in Paris today to
+  stabilise the exchange rates agreed at last month's meeting of
+  Finance Ministers of the Group of Five and Canada, foreign
+  exchange dealers said.
+      But they said recent central bank intervention in the
+  foreign exchange markets appeared to be a limited reaction to
+  temporary pressures rather than a major defence operation.
+      A Bank of France spokesman declined all comment but sources
+  close to the central bank said it had also intervened
+  yesterday.
+      Dealers said the earlier intervention was in concert with
+  the Bundesbank and Bank of Japan.
+      The sources said the French central bank could have been in
+  the market again today in two-way operations, not necessarily
+  on its own account, but to counter short-term pressures arising
+  from the end of the Japanese financial year on March 31.
+      One major French bank said it bought between five and 15
+  mln dlrs for the central bank and sold yen at 149.28 to the
+  dollar.
+      Another bank said it had been asked by the Bank of France
+  to say it was in the market, a departure from the central
+  bank's usual insistence on confidentiality.
+      But other banks said they had seen no sign of intervention,
+  which they said appeared to be on a very limited scale.
+      "Even if 10 banks were buying five to 15 mln dlrs, you would
+  still be talking of a small overall amount," said one dealer.
+      Recent intervention by the Bank of Japan appeared mainly to
+  have been required to meet year-end window dressing demand for
+  yen. "This is a specific short term phenomenon rather than a
+  wider trend," the dealer said.
+      Operators have been extremely cautious about testing the
+  dollar's trading ranges against the West German mark and
+  Japanese yen.
+      These ranges were set in February's stabilisation agreement
+  reached here by U.S. Treasury Secretary James Baker and the
+  Finance Ministers of Japan, Germany, France, Britain and
+  Canada.
+      But speculative pressures started to build again this week
+  after Baker was quoted on British television at the weekend as
+  repeating earlier statements that Washington had no target for
+  the dollar.
+      Baker yesterday moved to defuse speculation he was talking
+  the dollar down, telling a Cable News Network interviewer and a
+  Senate committee he stood by the Paris agreement. Foreign
+  exchange markets had been misreading his comments, he said.
+  
+
diff --git a/reuters/training/9947 b/reuters/training/9947
new file mode 100644
index 0000000000000000000000000000000000000000..31cfa8c0483cd64a6af3e8f298320b465a1fab0a
--- /dev/null
+++ b/reuters/training/9947
@@ -0,0 +1,32 @@
+WALL STREET STOCKS/U.S. OIL COMPANIES
+  British Petroleum Co PLC's
+  announcement that its U.S. subsidiary intends to tender for the
+  45 pct of Standard Oil Co <SRD> it does not already own,
+  catapulted U.S. oil stocks sharply higher this morning, traders
+  and analysts said.
+      "It raises the specter of additional consolidation in the
+  industry and that is what is boosting the other oils," analyst
+  Rosario Ilacqua of L.F. Rothschild said.
+      Sanford Margoshes of Shearson Lehman Brothers said "this
+  deal shows that British Petroleum, a conservative investor that
+  knows the oil business, is clearly confident in the U.S. oil
+  industry, and that shines well on the U.S. companies."
+      Philips Petroleum <P> gained 3/4 to 15-7/8, Occidental
+  Petroleum <OXY> one to 34-5/8, USX Corp <X>, with its Marathon
+  Oil Co unit, rose 1/2 to 28-3/8. Exxon <XON> climbed one to
+  88-3/8, Mobil <MOB> one to 50-1/4, Atlantic Richfield <ARC>
+  3-1/8 to 80-1/2, Amoco <AN> 1-7/8 to 84-1/8, and Amerada Hess
+  one to 33-5/8. BP gained 2-3/8 to 59-3/4.
+      Both analysts said the rise in Standard's price this
+  morning to above the proposed tender price of 70 dlrs a share,
+  is an indication that investors expect the bid to be sweetened.
+  Standard gained 6-3/4 to 71-5/8.
+      The analysts cited Royal Dutch/Shell Group's <RD> <SC> bid
+  for Shell Oil Co, which was sweetened before its successful
+  conclusion.
+      Margoshes said the BP action "is an articulation of the
+  underlying value of oil companies in the marketplace." But he
+  expressed skepticism that this will necessarily lead to
+  heightened merger or buyout activity in the oil group.
+  
+
diff --git a/reuters/training/995 b/reuters/training/995
new file mode 100644
index 0000000000000000000000000000000000000000..c335f4ed5774c1e2da8ce4cff2985789e2501a94
--- /dev/null
+++ b/reuters/training/995
@@ -0,0 +1,10 @@
+FIRSTCORP <FCR> SEES GAIN ON CONDEMNATION
+  Firstcorp Inc said it weill report
+  an after-tax gain of 1,827,000 dlrs or 56 cts per share primary
+  and 42 cts fully diluted from the proposed condemnation and
+  acquisition of a parking deck it operates by Wake County.
+      The company said if it reinvested proceeds in a similar
+  property within 24 months, the gain on the sale would be
+  deferred for tax purposes.
+  
+
diff --git a/reuters/training/9952 b/reuters/training/9952
new file mode 100644
index 0000000000000000000000000000000000000000..31741ce19147badead27c306b3358c13ab221ef2
--- /dev/null
+++ b/reuters/training/9952
@@ -0,0 +1,25 @@
+NORCEN SEES IMPROVEMENT IN 1987 EARNINGS
+  <Norcen Energy Resources Ltd>,
+  41 pct owned by <Hees International Corp>, said earnings and
+  cash flow will improve in 1987, even if oil and gas prices
+  remain at 1986 levels.
+      The improvement will result from production increases,
+  lower taxes and royalties, reduced financing costs and from
+  operating efficiencies and downsizing put into place during
+  1986, the company said in the annual report.
+      Norcen previously reported 1986 earnings, excluding a 20.1
+  mln dlr writeoff, declined by 58 pct to 50.0 mln dlrs from
+  119.7 mln dlrs in in 1985.
+      Norcen's 1986 cash flow fell 10 pct to 204.9 mln dlrs from
+  228.9 mln dlrs in the prior year.
+      It said the sharp decline in oil prices during 1986 was the
+  most significant factor for Norcen's reduced performance.
+      "While financial results are far from the previous year's
+  record levels, it is clear that Norcen has withstood declining
+  prices and remains financially and operationally strong," Norcen
+  said. It did not give a specific 1987 profit forecast.
+      The company said it is well positioned to capitalize on
+  profitable opportunities in its core business areas, and will
+  continue to invest to increase revenue and asset values.
+  
+
diff --git a/reuters/training/9953 b/reuters/training/9953
new file mode 100644
index 0000000000000000000000000000000000000000..449e6f49b535e5da9908ad85d941070e4b51194e
--- /dev/null
+++ b/reuters/training/9953
@@ -0,0 +1,38 @@
+COCOA COUNCIL HEAD TO PRESENT BUFFER COMPROMISE
+  International Cocoa Organization, ICCO,
+  council chairman Denis Bra Kanon will present a compromise
+  proposal on buffer stock rules to producer and consumer
+  delegates either later today or tomorrow morning, delegates
+  said.
+      Bra Kanon held private bilateral consultations with major
+  producers and consumers this morning to resolve outstanding
+  differences, mostly on the issues of how much non-member cocoa
+  the buffer stock can purchase and price differentials for
+  different varieties.
+      Delegates were fairly confident the differences could be
+  worked out in time to reach agreement tomorrow.
+      Some consuming member nations, including Britain and
+  Belgium, favour the buffer stock buying more than 10 pct
+  non-member cocoa, delegates have said.
+      The consumers argue that buying cheaper, lower quality
+  non-member cocoas, particularly Malaysian, will most
+  effectively support prices because that low quality cocoa is
+  currently pressuring the market.
+      Producers, meanwhile, say non-member cocoa should make up
+  at most a very small percentage of the buffer. They say
+  Malaysia should not be able to benefit from the ICCO unless it
+  is a member, and if the buffer stock bought Malaysian cocoa
+  Malaysia would have no incentive to join, delegates said.
+      As to differentials, Ghana apparently wanted a higher
+  differential for its cocoa than is outlined in the most recent
+  proposal, so it would have a better chance of having its cocoa
+  bought for the buffer stock, producer delegates said.
+      Some consumers wanted differentials to be adjusted in a way
+  that would not promote buffer stock purchases of the more
+  expensive cocoas, such as Ghanaian and Brazilian, they said.
+      Other technical points need to be sorted out, including
+  limits on how much cocoa the buffer stock manager can buy in
+  nearby, intermediate and forward positions and the consequent
+  effect on prices in the various deliveries, delegates said.
+  
+
diff --git a/reuters/training/9954 b/reuters/training/9954
new file mode 100644
index 0000000000000000000000000000000000000000..6f4f7aae8135cce3cb03247e3f67547aa30b5319
--- /dev/null
+++ b/reuters/training/9954
@@ -0,0 +1,36 @@
+SIEMENS REBUTTS U.S. CRITICISM ON CGCT OFFER
+  Siemens AG <SIEG.F> rebutted U.S.
+  Criticism it is blocking American Telephone and Telegraph
+  Corp's <T.N>, AT and T, entry into French telecommunications
+  firm <Compagnie Generale Constructions Telephoniques>, CGCT.
+      Management board member Hans Baur told journalists that the
+  acquisition of a joint 20 pct stake in CGCT by AT and T and
+  Philips Gloeilampenfabrieken NV <PGLO.AS> had not been decided
+  on two years ago as claimed by AT and T.
+      The French government, which owns CGCT, had asked Siemens
+  at the start of 1986 to submit an offer for the stake in CGCT.
+  The result of the negotiations was still open.
+      Baur said Siemens had first made an offer last summer.
+      The Handelsblatt newspaper today quoted AT and T chairman
+  James E. Olson as saying that Siemens' attempt to stop AT and T
+  and Philips could lead to a resurgence of protectionism in the
+  U.S.
+      Baur said he expected the French government to decide on
+  the winning bid by the end of April. CGCT's share of the French
+  switchboard market amounts to around 16 pct.
+      The French government has limited CGCT participation by
+  foreign companies to 20 pct and set a price of 500 mln francs
+  for the whole company.
+      Bauer said the 20 pct limitation would only apply to the
+  initial stake. He did not rule out a stake increase later but
+  said Siemens' aim was to introduce its technology.
+      Bauer said Siemens and French telecommunications firm
+  <Jeumont-Schneider SA> submitted a joint offer at the start of
+  March because of the 20 pct limitation. Both companies will
+  form a joint venture to take over the whole of CGCT.
+     Siemens will have a 20 pct stake in the new company while
+  Jeumont-Schneider will own 80 pct. Apart from investing 100 mln
+  francs for the modernisation of CGCT, a new research centre
+  with was also being planned.
+  
+
diff --git a/reuters/training/9955 b/reuters/training/9955
new file mode 100644
index 0000000000000000000000000000000000000000..d060377bf72ef1717d305ffa1a451139e6411b72
--- /dev/null
+++ b/reuters/training/9955
@@ -0,0 +1,5 @@
+MULFORD DISAPPOINTED IN NEWLY INDUSTRIALIZED (NICS) EFFORTS TO STRENGTHEN CURRENCIES
+
+  MULFORD DISAPPOINTED IN NEWLY INDUSTRIALIZED (NICS) EFFORTS TO STRENGTHEN CURRENCIES
+  
+
diff --git a/reuters/training/9956 b/reuters/training/9956
new file mode 100644
index 0000000000000000000000000000000000000000..502cf05a2320387f64a0f8b3a3223f2f6c5ec99d
--- /dev/null
+++ b/reuters/training/9956
@@ -0,0 +1,20 @@
+FORD <F> NEARS GM <GM> IN EXECUTIVE BONUSES
+  Ford Motor Co neared General Motors
+  Corp last year in executive bonuses, while it topped the larger
+  automaker in profit sharing payments to workers.
+      Ford, which outstripped GM in earnings last year, said its
+  1986 incentive bonuses totaled 167 mln dlrs, slightly behind
+  General Motors' 169.1 mln.
+      General Motors, however, did not make any profit-sharing
+  payments to its workers, while Ford made a profit-sharing
+  distribution of 372 mln dlrs, or 2,100 dlrs per worker.
+      General Motors, which saw its earnings drop to 2.94 billion
+  dlrs from 1985's 3.99 billion, said the 1986 profit was "not
+  sufficient to generate a payout under the profit-sharing
+  formula."
+      Ford, which earned 3.28 billion dlrs in 1986, up from 2.51
+  billion in 1985, said it "recognizes employees' efforts and
+  fulfills its commitment to them in many ways, including
+  profit-sharing."
+  
+
diff --git a/reuters/training/9957 b/reuters/training/9957
new file mode 100644
index 0000000000000000000000000000000000000000..16651c0d3987ae8164b31b102b09588dd69517c5
--- /dev/null
+++ b/reuters/training/9957
@@ -0,0 +1,21 @@
+MULFORD SAYS GERMANY, JAPAN SHOULD DO MORE
+  Treasury Assistant Secretary David
+  Mulford said he did not believe that West Germany and Japan
+  have yet carried out their international responsibilities.
+      "I do not believe they have up to this time," Mulford told
+  a Senate banking subcommittee.
+      He said that for the U.S. trade deficit to continue
+  improving in the next two years, "We need more policy actions"
+  across the entire front of U.S. trade relations, including
+  Canada and the newly-industrialized countries (NICS).
+      In particular, he said, efforts by South Korea and Taiwan
+  to strengthen their currencies were still disappointing.
+      Mulford also said that OECD nations need to grow an average
+  three pct to help resolve the international debt crisis.
+      He noted that Japanese and European imports from Latin
+  nations were significantly smaller than imports into the U.S.
+      He stressed both Germany and Japan must continue to take
+  economic and structural measures to ensure stronger sustained
+  economic growth.
+  
+
diff --git a/reuters/training/9958 b/reuters/training/9958
new file mode 100644
index 0000000000000000000000000000000000000000..9a4a65c3e1b889be8ae2c5272e1a6af9f58f0d2d
--- /dev/null
+++ b/reuters/training/9958
@@ -0,0 +1,5 @@
+EC GRANTS EXPORT LICENCES 197,000 TONNES  FREE MARKET MAIZE, ZERO BARLEY - PARIS TRADERS
+
+  EC GRANTS EXPORT LICENCES 197,000 TONNES  FREE MARKET MAIZE, ZERO BARLEY - PARIS TRADERS
+  
+
diff --git a/reuters/training/9959 b/reuters/training/9959
new file mode 100644
index 0000000000000000000000000000000000000000..79b4b0bd811edc9a5c452f8fc3fe902cba22ae9b
--- /dev/null
+++ b/reuters/training/9959
@@ -0,0 +1,30 @@
+PIER 1 IMPORTS <PIR> DECLARES STOCK SPLIT
+  Pier 1 Imports Inc said its
+  board declared a three-for-two split of its common stock and
+  its 25 cents preferred stock, and declared a regular quarterly
+  dividend of two cents per share on the pre-split shares of
+  common stock outstanding.
+      Pier 1 also declared a 12.5 pct annual dividend increase
+  for the post-split common shares. The split will be effected in
+  the form of a 50 pct stock dividend on both classes.
+      The company said shareholder approval is required for an
+  increase in authorized shares of common stock to 100 mln from
+  25 mln.
+      It said approval is also needed for an increase in
+  authorized shares of preferred stock from one million to five
+  million. It said voting will be conducted at its annual
+  shareholder meeting on June 24.
+      Pier 1 said there are currently 19.1 million shares of
+  common stock and 960,000 shares of 25 cts preferred stock
+  outstanding.
+      The split shares will be distributed on June 29 to
+  shareholders of record May 13. The two cts per share quarterly
+  cash dividend will be payable May 29 to shareholders of record
+  May 13.
+      "The increase in shares outstanding will broaden the base
+  of stock ownership in the company, and the dividend increase
+  reflects the directors' positive outlook for the future
+  prospects of Pier 1 Imports," said Clark Johnson, president and
+  chief executive officer.
+  
+
diff --git a/reuters/training/9961 b/reuters/training/9961
new file mode 100644
index 0000000000000000000000000000000000000000..8c6d8cdaffb0983fe189d6c5e93094fb52b11941
--- /dev/null
+++ b/reuters/training/9961
@@ -0,0 +1,14 @@
+LANCER CORP <LACR> 4TH QTR NET
+  Shr 12 cts vs 15 cts
+      Net 282,000 vs 360,000
+      Revs 5,261,000 vs 5,348,000
+      Avg shrs 2,336,000 vs 2,335,000
+      Year
+      Shr 91 cts vs 1.04 dlrs
+      Net 2,149,000 vs 2,075,000
+      Revs 28.2 mln vs 28.3 mln
+      Avg shrs 2,356,000 vs 2,001,000
+      NOTE: 1986 quarter net includes 72,000 dlr charge from
+  repal of investment tax credit.
+  
+
diff --git a/reuters/training/9963 b/reuters/training/9963
new file mode 100644
index 0000000000000000000000000000000000000000..5cfaa4a2da425502141f37caa6de940d4dd9e981
--- /dev/null
+++ b/reuters/training/9963
@@ -0,0 +1,13 @@
+MACNEAL-SCHWENDLER CORP <MNS> 4TH QTR JAN 31 NET
+  Shr 16 cts vs 11 cts
+      Net 1,888,000 vs 1,307,000
+      Revs 7,365,000 vs 5,877,000
+      Year
+      Oper shr 58 cts vs 40 cts
+      Oper net 7,005,000 vs 4,866,000
+      Revs 27.1 mln vs 21.1 mln
+      NOTE: Prior year net excludes 263,000 dlr loss from
+  discontinued operations and 2,073,000 dlrs on disposal.
+      Share adjusted for stock dividends.
+  
+
diff --git a/reuters/training/9964 b/reuters/training/9964
new file mode 100644
index 0000000000000000000000000000000000000000..8c7df8056810682796a1917f7515c8222b831c89
--- /dev/null
+++ b/reuters/training/9964
@@ -0,0 +1,6 @@
+NICHOLS INSTITUTE <LAB> 1ST QTR FEB 28 NET
+  Shr two cts vs one ct
+      Net 83,000 vs 32,000
+      Revs 11.2 mln vs 7,625,000
+  
+
diff --git a/reuters/training/9965 b/reuters/training/9965
new file mode 100644
index 0000000000000000000000000000000000000000..09ee98ecfaebf03267cd496c0dc3ddaf355494bd
--- /dev/null
+++ b/reuters/training/9965
@@ -0,0 +1,7 @@
+FIRST MEDICAL DEVICES CORP <FMDC> YEAR LOSS
+  Shr loss 97 cts
+      Net loss 1,364,453
+      Sales 737,971
+      NOTE: Company in development stage.
+  
+
diff --git a/reuters/training/9967 b/reuters/training/9967
new file mode 100644
index 0000000000000000000000000000000000000000..a4579dc85e21fc79b411ca0d2c3a52088e263d03
--- /dev/null
+++ b/reuters/training/9967
@@ -0,0 +1,21 @@
+HEALTHMATE <HMTE> EXPECTS QUALIFIED OPINION
+  HealthMate Inc said its
+  auditors, Laventhol and Horwath, indicated they will issue a
+  qualified opinion on the company's financial statements.
+      The company, which went public in March 1985, earlier
+  reported losses for the fourth quarter.
+      It said the auditor's statement, known as a "subject to"
+  opinion, cautions that, because of continuing operating losses
+  and negative cash flow, it must achieve profitable operations
+  or acquire additional equity capital or other financing to
+  continue in existence.
+      HealthMate reported a loss for the year of 1,512,534 dlrs,
+  or 17 cts a share on revenues of 1.4 mln dlrs. A year ago, it
+  had a loss of 1,553,592 dlrs, or 20 cts a share on revenues of
+  515,225 dlrs.
+      It said the increased sales reflect initial shipments of
+  its FluoroScan Imaging Systems, low radiation X-ray imaging
+  devices that recently were classified by Underwriters
+  Laboratories Inc.
+  
+
diff --git a/reuters/training/9970 b/reuters/training/9970
new file mode 100644
index 0000000000000000000000000000000000000000..de3b7512dfe79b30c4e0d560d0c934b5d3fb8ac1
--- /dev/null
+++ b/reuters/training/9970
@@ -0,0 +1,12 @@
+HEALTHMATE INC <HMTE> 4TH QTR LOSS
+  Shr loss five cts vs loss six cts
+      Net loss 473,784 vs loss 489,257
+      Revs 268,797 vs 81,725
+      Avg shrs 9,245,247 vs 8,035,326
+      Year
+      Shr loss 17 cts vs loss 20 cts
+      Net 1,512,534 vs loss 1,553,592
+      Revs 1,448,310 vs 515,225
+      Avg shrs 8,745,132 vs 7,619,863
+  
+
diff --git a/reuters/training/9971 b/reuters/training/9971
new file mode 100644
index 0000000000000000000000000000000000000000..98cfce49118d859242f101a6dfe8c1fe257ba6e7
--- /dev/null
+++ b/reuters/training/9971
@@ -0,0 +1,21 @@
+USAIR <U> CLEARED TO BUY PIEDMONT <PIE> SHARES
+  USAir Group Inc said the U.S.
+  Department of Transportation has issued an order allowing it to
+  purchase and hold in a voting trust the 9,309,394 Piedmont
+  Aviation Inc shares USAir is seeking in its current 69 dlr per
+  share tender offer.
+      The company said the new order supersedes an order issued
+  by the department last Friday that would have required USAir to
+  sell within one week of expiration of the tender any Piedmont
+  shares it held in excess of 51 pct of the Piedmont stock then
+  outstanding.
+      The company said the 9,309,394 Piedmont shares, together
+  with the 2,292,599 Piedmont shares already owned by USAir,
+  constitute about 50.1 pct of Piedmont's shares on a
+  fully-diluted basius but about 61.0 pct of shares currently
+  outstanding.
+      The shares are to be held in a voting trust pending the
+  department's review of USAir's application to obtain control of
+  Piedmont.
+  
+
diff --git a/reuters/training/9972 b/reuters/training/9972
new file mode 100644
index 0000000000000000000000000000000000000000..93e9e64a64d3ecb625ed98b2025a693f196eceee
--- /dev/null
+++ b/reuters/training/9972
@@ -0,0 +1,5 @@
+FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+
+  FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
+  
+
diff --git a/reuters/training/9973 b/reuters/training/9973
new file mode 100644
index 0000000000000000000000000000000000000000..979e780aa5386f7056f48d706630ee59f0d93a54
--- /dev/null
+++ b/reuters/training/9973
@@ -0,0 +1,12 @@
+HOUSE OF FABRICS INC <HF> 4TH QTR JAN 31 NET
+  Shr 34 cts vs 20 cts
+      Net 2,253,000 vs 1,332,000
+      Sales 89.7 mln vs 85.9 mln
+      Year
+      Shr 94 cts vs 64 cts
+      Net 6,191,000 vs 4,257,000
+      Sales 316.4 mln vs 286.7 mln
+      NOTE: Prior year net both periods includes 2,100,000 dlr
+  charge from sale of Craft Showcase stores.
+  
+
diff --git a/reuters/training/9974 b/reuters/training/9974
new file mode 100644
index 0000000000000000000000000000000000000000..8aa9544b459525e58669e5e87e60263fc1217378
--- /dev/null
+++ b/reuters/training/9974
@@ -0,0 +1,13 @@
+GERMAN RETAILERS EXPECT GOOD 1987
+  West German retailers expect another good
+  year in 1987 even though they will not be able to repeat the
+  sharp increase in turnover they enjoyed in 1986, the General
+  Association of the German Retail Trade (HDE) said.
+      HDE President Wolfgang Hinrichs said retailers would be
+  satisfied with a real turnover increase of between 2.5 pct to
+  three pct in 1987 after last year's steep 3.7 pct rise.
+      Hinrichs said the 1986 turnover increase had brought the
+  first hesitant signs of improvement in earnings in the West
+  German retail sector.
+  
+
diff --git a/reuters/training/9975 b/reuters/training/9975
new file mode 100644
index 0000000000000000000000000000000000000000..6ffb8a276c077eb4e4eb685b9729aad9a0409525
--- /dev/null
+++ b/reuters/training/9975
@@ -0,0 +1,77 @@
+GERMAN WAGE ROUND SAID TO LIMIT MONETARY OPTIONS
+  The Bundesbank's options for West
+  Germany monetary policy are limited for the foreseeable future
+  by the delicate stage of wage negotiations between unions and
+  employers, economists and money market dealers said.
+      Call money fell in quite active trading today, dropping to
+  3.40/50 pct from 3.55/65 pct yesterday, and below the 3.50 pct
+  treasury bill rate as a difficult month-end approached.
+      But dealers and economists said the Bundesbank was unlikely
+  to encourage lower rates in the foreseeable future largely for
+  fear of upsetting the current wage round.
+      One money market dealer for a major foreign bank said, "I
+  don't think the Bundesbank wants rates to go up whatever
+  happens. But it also does not want them to fall. Above all it
+  wants to wait to see how the unions wage round goes."
+      In West Germany, unions and employers prepare the ground
+  for triennial wage negotiations based on detailed assessments
+  of growth and inflation, economists said.
+      Ute Geipel, economist with Citibank AG, said if the
+  Bundesbank became more accommodating in monetary policy,
+  raising fears in some quarters of a return in inflation in the
+  medium term, unions would be obliged to curtail wage demands.
+      As a result the Bundesbank was concerned to make no move
+  that would interfere in the negotiating process, Geipel said.
+      In the current round, the country's most powerful union,
+  the IG Metall representing metalworkers and engineers, is
+  demanding a shortening of the working week to 35 hours from the
+  present 38-1/2 and an accompanying five pct increase in wages.
+      The engineering employers' association, Gesamtmetall, is
+  offering to bring in a 38-hour-week from July 1, 1988, and give
+  a two stage wage increase -- a 2.7 pct rise from April 1 this
+  year and another 1.5 pct from July 1, 1988.
+      The agreement forged by IG Metall -- Europe's largest
+  union, with 2.5 mln members -- and the employers would set the
+  benchmark for settlements in other industries such as the
+  public sector, banks and federal post office. Negotiations
+  began in December and unions are hopeful they may conclude by
+  early April, ahead of the traditional holiday period in June.
+      Though many economists said the unions' current warning
+  strikes and rhetoric were part of the negotiating strategy and
+  would not lead to a repeat of 1984's damaging seven-week
+  strikes, others said unions would not compromise greatly on
+  their positions and there could still be conflict.
+      This could extend the length of time in which the
+  Bundesbank would keep its activity low-key, economists said.
+      The money market head said the unions' humiliation by the
+  protracted financial problems of the Neue Heimat cooperative
+  housing venture would contribute to union obstinacy.
+      "The unions haven't forgotten that and they will put this
+  squarely onto the account in the negotiations," he said.
+      In addition, the newly-elected chairman of the IG Metall
+  union, Franz Steinkuehler, was more radical and determined than
+  his predecessor Hans Meyer and may be set for a longer battle
+  to achieve the best possible settlement for his membership.
+      More than 16,000 engineering workers at 45 firms, mainly in
+  south Germany, held warning strikes lasting up to two hours
+  yesterday. Firms hit included Zahnradfabrik Passau GmbH and
+  aerospace group Messerschmitt-Boelkow-Blohm GmbH.
+      Today, 28,000 employees from 110 companies came out in
+  warning strikes, a statement from IG Metall said.
+      Money market dealers said that overnight call money rates
+  would rise in the near future in any case and did not depend on
+  a politically-inhibited Bundesbank.
+      About eight billion marks were coming into the market
+  tomorrow from salary payments by the federal government.
+      As a result, some banks fell back on the Bundesbank's offer
+  to mop up liquidity via the sale of three-day treasury bills,
+  anticipating still lower rates before the month-end.
+      But a pension payment date by banks on behalf of customers
+  was due on Monday, other dealers noted. If banks were short of
+  liquidity until the bills matured on Tuesday, rates could soar,
+  perhaps to the 5.50 pct Lombard ceiling.
+      Banks were well stocked up with funds, having an average
+  52.1 billion marks in Bundesbank minimum reserves in the first
+  24 days of March, well above the 50.7 billion requirement.
+  
+
diff --git a/reuters/training/9976 b/reuters/training/9976
new file mode 100644
index 0000000000000000000000000000000000000000..ed387066198a210a6b6e8b399289c84fff397cbe
--- /dev/null
+++ b/reuters/training/9976
@@ -0,0 +1,14 @@
+FOREIGN FIRMS HOPE TO JOIN JAPAN TELECOM COMPANY
+  President Nobuo Ito of International
+  Telecom Japan Inc (ITJ), one of two rival firms seeking to
+  enter Japan's international telecommunications market, said it
+  will offer a stake in the company to 10 foreign firms.
+        But he declined to specify what share the firms would
+  take, and told Reuters they would not participate in its
+  management.
+      ITJ and International Digital Communications Planning Inc
+  (IDC), in which both Cable and Wireless Plc and Pacific Telesis
+  Group own 20 pct stakes, are set to merge into a new entity to
+  compete against Kokusai Denshin Denwa Co Ltd.
+  
+
diff --git a/reuters/training/9977 b/reuters/training/9977
new file mode 100644
index 0000000000000000000000000000000000000000..8c29466c1cdca2df5850a0a036b14dd96d3f4196
--- /dev/null
+++ b/reuters/training/9977
@@ -0,0 +1,13 @@
+SIEMENS RAISES STAKE IN TELECOM PLUS OF U.S.
+  Siemens AG's <SIEG.F>
+  fully-owned subsidiary Siemens Informations Systems Inc. Has
+  raised its stake in <Telecom Plus Communications Inc.> by 65
+  pct to 100 pct, a Siemens spokesman said.
+      He added that Telecom Plus Communications was the largest
+  independent supplier of telephone exchange systems in the U.S.
+  And had turnover of 234 mln dlrs in 1986.
+     The stake had been acquired from Telecom Plus International
+  Inc. The spokesman declined to comment on U.S. Newspaper
+  reports that the purchase price totalled 173 mln dlrs.
+  
+
diff --git a/reuters/training/9978 b/reuters/training/9978
new file mode 100644
index 0000000000000000000000000000000000000000..8a100d229419f3549cf46273dd64507162d96b2e
--- /dev/null
+++ b/reuters/training/9978
@@ -0,0 +1,83 @@
+FIRST INTERSTATE SEEKS ACQUISITION
+  Less than two months after First
+  Interstate Bancorp withdrew its bold attempt to buy BankAmerica
+  Corp, Chairman Joseph Pinola is still looking for a good buy,
+  but he is also looking at ways to avoid being bought.
+      In a wide-ranging interview, Pinola said he's looking for
+  ways to improve profitability and capital between now and 1991,
+  "so as to resist any potential look at us...to maintain our
+  independence, if possible."
+      In 1991 federal regulatory changes will allow the major
+  East Coast banks to buy banks in California.
+      First Interstate, the fourth largest California bank, and
+  the nineth largest nationwide, owns 24 banks in 12 western
+  states and has franchise operations in four additional states.
+      Bank industry sources say it is an attractive target for
+  large U.S. or foreign banks, looking to quickly move into the 
+  lucrative California market and the West Coast region.
+      While declining specifics on his corporate strategy, when
+  asked if acquisitions will be part of the plan, Pinola replied,
+  "That's undoubtedly a fair statement...it would be almost naive
+  not to think that."
+      Pinola characterized his acquisition strategy as
+  "opportunistic".
+      He said he will look for banks in management trouble that
+  he can get at a bargain, then add management to restore
+  profitability, or for banks in states where First Interstate
+  already operates, then cut costs by combining resources.
+      The exception, he said, would be Texas, where he said most
+  of the banks are already well managed, but might be purchased
+  at a discount because of the depressed regional economy.
+      Pinola declined comment on what circumstances might move
+  him to rekindle his bid for BankAmerica, saying only, "We
+  continue to monitor and look at a lot of things and a lot of
+  people continue to monitor and look at us."
+      Banking analysts, however, consider another First
+  Interstate bid at BankAmerica a long shot, not likely to happen
+  any time soon.
+      Pinola called his decision last month to withdraw his 3.25
+  billion dlr bid at the nation's second largest bank, "a very,
+  very difficult decision."
+      With that decision made, however, he acknowledged First
+  Interstate may now have a difficult time keeping its number
+  four position in the California banking community.
+      "The competition in this state is tough," he said, noting
+  CityBank's recent purchase of 50 financial service branches
+  from Sears Roebuck company. "CityBank is moving rapidly to move
+  us down to fifth and Wells Fargo down to fourth," he said.
+      Outside California, Pinola acknowledged that Security
+  Pacific Corp, with its recent acquisitions in Arizona,
+  Washington and Oregon, is quickly becoming a regional
+  competitor in areas where First Interstate has long dominated.
+      "Security is, has been and continues to be a highly
+  profitable and obviously well managed company," he said.
+      He added, however, First Interstate, at the moment, has the
+  advantages of having owned and managed regional banks longer
+  and has the recognition advantage of having given its regional
+  banks a common name.
+      Pinola said while its coastal state banks are in good
+  financial condition, First Interstate continues to sustain
+  serious loan losses in its Rocky Mountain states, where energy,
+  real estate and agriculture dominate the economy.
+      Asked if he thought loan losses in those areas had peaked,
+  he said, "I don't think it has bottomed out, because I think
+  most of the problems are real estate-related and the real
+  estate problems are going to be with us for several years."
+      Pinola said another failing economic sector, agriculture in
+  the Midwest, has slowed expansion of First Interstate's
+  franchise operation.
+      First Interstate has 42 franchise banks that offer First
+  Interstate financial services in ten states.
+      While a year ago he was considering taking his franchise
+  operation east of the Mississippi River, Pinola said because
+  most of the franchise banks are now in the West, expansion into
+  the Midwest must come first.
+      Calling the franchise system, "moderately profitable,"
+  Pinola said, "It is going to take a rejuvenation of the
+  agriculture sector for us to commence franchising at the speed
+  we were generating before the last year or two."
+      On the banking industry in general, Pinola said he thinks
+  1987 will be another bad year for loan losses, with only banks
+  with minimal holdings in real estate able to improve profits.
+  
+
diff --git a/reuters/training/998 b/reuters/training/998
new file mode 100644
index 0000000000000000000000000000000000000000..61c2579e9935d22c8a32c44cf5fb5b3204f4906e
--- /dev/null
+++ b/reuters/training/998
@@ -0,0 +1,16 @@
+<NATIONAL SEA PRODUCTS LTD> 4TH QTR NET
+  Oper shr 43 cts vs 21 cts
+      Oper net 6,846,000 vs 3,386,000
+      Revs 137.1 mln vs 107.6 mln
+      Year
+      Oper shr 1.36 dlrs vs 42 cts
+      Oper net 21,764,000 vs 7,239,000
+      Revs 516.4 mln vs 454.7 mln
+      Note: 1986 qtr excludes extraordinary gain of 784,000 dlrs
+  or five cts share, versus extraordinary loss of 110,000 dlrs or
+  shr nil in 1985 qtr
+      Note continued: 1986 year excludes extraordinary gain of
+  14,360,000 dlrs or 94 cts share, versus extraordinary gain of
+  2,883,000 dlrs or 19 cts share in prior year
+  
+
diff --git a/reuters/training/9981 b/reuters/training/9981
new file mode 100644
index 0000000000000000000000000000000000000000..7620917473993cc434ad6a650e3f2c6fa8d5cd45
--- /dev/null
+++ b/reuters/training/9981
@@ -0,0 +1,13 @@
+HOUSE OF FABRICS <HF> SEES RESULTS IMPROVING
+  House of Fabrics Inc said
+  it expects growth in earnings and revenues as the current
+  fiscal year progresses.
+      It said it will open about 50 super stores this year. 
+  House of Fabrics now operates 703 stores.
+      The company today reported earnings for the year ended
+  January 31 of 6,191,000 dlrs on sales of 316.4 mln dlrs, up
+  from prior year earnings of 4,257,000 dlrs on sales of 286.7
+  mln dlrs.  The prior year earnings included a 2,100,000 dlr
+  charge for the disposition of Craft Showcase stores.
+  
+
diff --git a/reuters/training/9982 b/reuters/training/9982
new file mode 100644
index 0000000000000000000000000000000000000000..2a029702809696df407e842aebcdf96a3704c5de
--- /dev/null
+++ b/reuters/training/9982
@@ -0,0 +1,14 @@
+U.S. SENATE HITS EC OILS TAX, VOWS RETALIATION
+  The Senate voted to condemn the
+  proposed European common market tax on vegetable and fish fats
+  and oils and said it would result in retaliation.
+      The non binding Senate resolution, a sense of Senate
+  sentiment, was approved on a 99 to 0 vote.
+      "The administration should communciate to the European
+  Community the message that the United States will view the
+  establishment of such a tax as inconsistent with the European
+  Community's obligations under the General Agreement on Tariffs
+  and Trade that will result in the adoption of strong and
+  immediate countermeasures," the resolution stated.
+  
+
diff --git a/reuters/training/9984 b/reuters/training/9984
new file mode 100644
index 0000000000000000000000000000000000000000..30de7875df1f611f27bc8f5eee5e2506fe221d6b
--- /dev/null
+++ b/reuters/training/9984
@@ -0,0 +1,14 @@
+KODAK <EK> BUYS STAKE IN BIOTECHNOLOGY COMPANY
+  Eastman Kodak Co said it has
+  reached an agreement to acquire new stock representing a 16 pct
+  interest in industrial biotechnology company <Genencor Inc> for
+  undisclosed terms.
+      Other Genencor shareholders include Staley Continental Inc
+  <STA>, Corning Glass Works <GLW> and Genentech Inc <GENE>.
+      The company said it has been granted options to increase
+  its equity stake during 1987.  It said it has agreed to make a
+  multiyear, multimillion dollar commitment to Genecor research
+  products related to food additivies and pharmaceutical
+  intermediates.
+  
+
diff --git a/reuters/training/9985 b/reuters/training/9985
new file mode 100644
index 0000000000000000000000000000000000000000..41a6bfe5acb8799d9b3de3b192d1fa7e29bde8a8
--- /dev/null
+++ b/reuters/training/9985
@@ -0,0 +1,6 @@
+AVERY <AVY> 1ST QTR FEB 28 NET
+  Shr 33 cts vs 30 cts
+      Net 13.0 mln vs 11.9 mln
+      Sales 330.8 mln vs 249.7 mln
+  
+
diff --git a/reuters/training/9988 b/reuters/training/9988
new file mode 100644
index 0000000000000000000000000000000000000000..b3c8937a2cc9e546b4bdc06e064e79e9fa3a5160
--- /dev/null
+++ b/reuters/training/9988
@@ -0,0 +1,9 @@
+FED SETS TWO BILLION DLR CUSTOMER REPURCHASE
+  The Federal Reserve entered the U.S.
+  government securities market to arrange two billion dlrs of
+  customer repurchase agreements, a spokeswoman for the New York
+  Fed said.
+      Federal funds were trading at 6-3/16 pct at the time of the
+  indirect injection of temporary reserves.
+  
+
diff --git a/reuters/training/9989 b/reuters/training/9989
new file mode 100644
index 0000000000000000000000000000000000000000..8d6652e5ae97bbb1db406ab1ca7a573f63f1528c
--- /dev/null
+++ b/reuters/training/9989
@@ -0,0 +1,14 @@
+SENATE SEEKS U.S. PROBE OF CANADIAN CORN LEVY
+  The Senate voted unanimously to seek
+  an expedited U.S. probe of Canadian tariffs on corn imports to
+  determine if the United States should retaliate.
+      By 99 to 0, the Senate went on record against the 84.9
+  cents per bushel tariff approved by the Canadian Import
+  Tribunal.
+      The non binding measure asked for a probe by the U.S. Trade
+  Representative to determine within 30 days whether the tariff
+  violates the General Agreement on Tariffs and Trade, and if so
+  recommend within 60 days to President Reagan retaliatory action
+  against Canada.
+  
+
diff --git a/reuters/training/999 b/reuters/training/999
new file mode 100644
index 0000000000000000000000000000000000000000..25ffe7b1ea1b8f4bb6448ba97ddbaf4fe328ea76
--- /dev/null
+++ b/reuters/training/999
@@ -0,0 +1,7 @@
+U.K. MONEY MARKET SHORTAGE FORECAST REVISED DOWN
+  The Bank of England said it had revised
+  its forecast of the shortage in the money market down to 450
+  mln stg before taking account of its morning operations. At
+  noon the bank had estimated the shortfall at 500 mln stg.
+  
+
diff --git a/reuters/training/9992 b/reuters/training/9992
new file mode 100644
index 0000000000000000000000000000000000000000..e36981f676d3b1d60e3e22c3df17d518f999bd90
--- /dev/null
+++ b/reuters/training/9992
@@ -0,0 +1,6 @@
+KNIGHT-RIDDER INC <KRN> SETS QUARTERLY
+  Qtly div 25 cts vs 25 cts prior
+      Pay April 13
+      Record April Six
+  
+
diff --git a/reuters/training/9993 b/reuters/training/9993
new file mode 100644
index 0000000000000000000000000000000000000000..80fa5c6d58ec60a4d6af7a670dfa3d0c90b6fcd0
--- /dev/null
+++ b/reuters/training/9993
@@ -0,0 +1,6 @@
+TECHNITROL INC <TNL> SETS QUARTERLY
+  Qtly div 12 cts vs 12 cts prior
+      Pay April 21
+      Record April Seven
+  
+
diff --git a/reuters/training/9994 b/reuters/training/9994
new file mode 100644
index 0000000000000000000000000000000000000000..8974317f0f030ad0d9b84e073970a974b7c32db5
--- /dev/null
+++ b/reuters/training/9994
@@ -0,0 +1,12 @@
+NATIONWIDE CELLULAR SERVICE INC <NCEL> 4TH QTR
+  Shr loss six cts vs loss 18 cts
+      Net loss 89,478 vs loss 178,507
+      Revs 3,894,844 vs 1,964,141
+      Avg shrs 1,582,790 vs one mln
+      Year
+      Shr loss 43 cts vs loss 81 cts
+      Net loss 534,099 vs loss 811,836
+      Revs 12.2 mln vs 5,167,573
+      Avg shrs 1,251,337 vs one mln
+  
+
diff --git a/reuters/training/9995 b/reuters/training/9995
new file mode 100644
index 0000000000000000000000000000000000000000..8d129235065cfb771483f68c649a5e633c8788cc
--- /dev/null
+++ b/reuters/training/9995
@@ -0,0 +1,7 @@
+<A.H.A. AUTOMOTIVE TECHNOLOGIES CORP> YEAR NET
+  Shr 43 cts vs 52 cts
+      Shr diluted 41 cts vs 49 cts
+      Net 1,916,000 vs 2,281,000
+      Revs 32.6 mln vs 22.6 mln
+  
+
diff --git a/tmp.txt b/tmp.txt
new file mode 100644
index 0000000000000000000000000000000000000000..e69de29bb2d1d6434b8b29ae775ad8c2e48c5391